THE LIBRARY OF THE UNIVERSITY OF GEORGIAREPORT OF THE na Insurance Department OF THE COMPTROLLERGENERALS OFFICE FOR THE YEAR ENDING OCTOBER i 1902 ATLANTA GA Geo W Harrison State Printer The Franklin Printing and Publishing Co 19026 45REPORT Atlanta Ga October i 1902 To His Excellency Allen D Candler Governor Sir In compliance with law I have the honor to submit the annual report of this department for the year ending Sep tember 30th 1902 From the sworn reports of the insurance companies duly licensed to do business in this State it appears that the Fire Companies received in premiums in 1902 300265129 and paid losses amounting to 137939560 Life Companies re ceived 425176208 and paid losses amounting to 1639 98428 Assessment Life Companies received in premiums or assessments 27537023 and paid on losses 5427595 and Miscellaneous Companies received in premiums 35594037 and paid losses amounting to 18379266 It should be re membered that these receipts represent gross premiums and from which should be deducted all expense items in order to arrive at the profits of each class of companies on their years business Allowing these deductions however it will be ob served that the business as a whole has been reasonably profit able to the companies and shows an increase over last years business of about 12 per cent The States revenue from the business this year amounts to 10795476 as against 95 64800 For detailed statements of business written and renewed pre miums received on old and new business losses paid and un paid and business in force I beg to refer you to tables from 1 to 7 of my report as Insurance Commissioner I am gratified to state that my often repeated recommendation that both foreign and domestic Assessment Life Insurance Com panies before being permitted to do business in Georgia be re quired to make deposits for the protection of their policyhold ers has resulted in the passage of such a law and that on the IV COMPTROLLERGENERALS REPORT first of January next a deposit of twenty thousand dollars will be required of all such companies The act however practically relieves all industrial sick and accident companies such as collect their premiums weekly and not issuing policies for over five hundred dollars in amount from its requirements This in my judgment was a mistake The class of our citizens which naturally avail themselves of this kind of insurance are poor laboring people of both the white and colored races and when they take the little insurance they can carry for the benefit of their families are entitled to the same protection as is afforded citizens seeking insurance from other classes of insurance companies I think the correctness of my suggestion will be readily recognized when it is remem bered that all such companies receive the States license to do business which is doubtless understood by persons seeking in surance to be an official indorsement of the solvency and re sponsibility of these companies The law therefore should be so amended as to require a reasonable deposit by all such com panies for the protection of policyholders I am constrained by a sense of duty to again renew my recommendation that the act of December r8 1893 in so far as it relates to the incorpo ration of Mutual or Assessment Fire Insurance Companies be repealed Past experience with companies of this kind has demonstrated the absolute unwisdom of this law As stated in previous reports almost every company organ ized in Georgia to do business on this plan has failed in a few months and finally the affairs of said companies wound up by the courts and in every case were found without assets which of course resulted in loss to all who held policies in said com panies I would also call attention to a defect in the Act of 1887 whereby all insurance companies are prohibited under proper penalties from undertaking to do business in this State until they have complied with all the requirements of our statutes and licensed by this department There are no penalties how ever provided for a Georgia company with headquarters in the State but not licensed by me for issuing policies on property outside the State of Georgia The result has been that two such companies organized COMPTROLLERGENERALS REPORT V under charters granted by the State not being able to comply with the requirements of our laws have not been licensed by this department yet they have both been writing insurance from their Atlanta offices on property in quite a number of States The General Assembly passed an Act prescribing con ditions upon which fraternal life insurance orders should be licensed to do business in this State and while the purpose of this law was good the provisions of the Act are such as to de feat its purpose I would therefore recommend the repeal of the law altogether or that it be amended so as to prescribe some standard of solvency or clothe the Insurance Commis sioner with authority to pass upon their solvency Persons seeking this class of insurance should have more protection than is afforded by the present law Respectfully Wm A Wright ComptrollerGeneral 234feVI COMPTROLLERGENERALS REPORT The following Fire Life ami other Insurance Companies having com plied with the law are authorized to transact business in the State for the year 1902 FIRE INSURANCE COMPANIES American Central Fire 415 Locust Street St Louis Mo Agricultural Fire Watentown New York Etna Fire Hartford Conn Atlanta Home Atlanta Ga British America 18 Front Street Toronto Canada Citizens Fire St Louis Mo Commercial Union 58 William Street New York Continental 46 Cedar Street New York Connecticut Fire Hartford Conn Fire Association of Philadelphia 34 Fifth Street Philadelphia Pa Farmers Cooperative Jackson Ga Farmers Mutual Fire Fort Gaines Ga Firemans Fund San Francisco Cal Georgia Home Columbus Ga German Freeport 111 GermanAmerican 115 Broadway New York Germania lure 117 Broadway New York Glens Falls Fire 149 Glen Street Glens Falls New York Greenwich Fire 161 Broadway New York HamburgBremen U S B 02 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 St Philadelphia Pa Liverpool and London and Globe U S B 45 Williams Street New York Southern office New Orleans La Liverpool and London and Globe New York Southern office New Orleans London Assurance U S B SS Wall Street New York London and Lancashire U S B 40 Pine Street New York Manchester Fire 171 La Salle Street Chicago Mercantile Mutual Fire 10 Weybossett Street Providence R I National Fire Hartford Conn Niagara New York New Hampshire Manchester N II Norwich Union G7 Wall Street New York North British and Mercantile U S B 54 Williams Street New York Northern Assurance 25 Pine Street New York Orient Insurance Company Hartford Conn Falatine U S B 21 Nassau Street New York Pennsylvania Fire 510 Walnut Street Philadelphia PaCOMPTROLLERGENERALS REPORT VII Phoenix Assurance of England U S B 47 Cedar Street New York Phoenix of New York 16 Court Street Brooklyn N Y Phoenix of Connecticut 64 Pearl Street Hartford Conn Queen of America 49 Cedar Street New York Rochester German Rochester N Y Royal Liverpool England Louisville Ky Scottish Union and National U S B 222 Asylum Street Hartford Conn Southern Mutual Athens Ga Springfield Eire and Marine Springfield Mass St Paul Fire and Marine St Paul Minn Sun Ins Office of England 54 Pine Street New York Sun New Orleans La Traders Fire 160 La Salle Street Chicago 111 Union Assurance Society London U S B 35 Pine Street New York Western Assurance 22 Wellington Street Toronto Canada Westchester Eire 27 and 29 Pine Street New York Williamsburg City Fire 13 Broadway Brooklyn N Y LIFE INSURANCE COMPANIES Etna Life Hartford Conn Connecticut Mutual Life Hartford Connecticut Equitable Life 120 Broadway New York Fidelity Mutual Life Philadelphia Pa Franklin Life Springfield 111 Germania Life 20 Nassau Street New York Hartford Life Hartford Conn Home Life 256 Broadway New York 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 T Mutual Life of New York 32 Nassau Street New York Mutual Life of Kentucky corner Fifth and Market Streets Louisville Ky Mutual Reserve Fund 305 Broadway New York National Life 1430 F Street Washington D C National Life Montpelier Yt 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 Tersey Penn Mutual Life 921 Chestnut Street Philadelphia Pa Phoenix Mutual Life Hartford ConnVIII COMPTROLLERGENERALS REPORT Provident Savings Life 55 Liberty Street New York Royal Union Mutual Des Moines Iowa Security Trust Philadelphia Pa Security Mutual Life Binghamton New York South Atlantic Life Richmond Va Sun Life Montreal Canada State Life Indianapolis Ind State Life Worcester Mass Travelers Life 56 Prospect Street Hartford Conn Union Central Life 243 West Fourth Street Cincinnati O Washington Life 21 Conrtland Street New York ASSESSMENT LIFE AND ACCIDENT INSURANCE COMPANIES American Assurance Association Atlanta Ga Continental Aid Association Atlanta Ga Empire Mutual Annuity and Life Atlanta Ga Georgia Mut Life and Annuity Rome Ga Georgia Sick and Accident Association Atlanta Ga Georgia Cooperative Fire Augusta Ga Georgia Relief Association Columbus Ga Home Friendly Society 100 W Fayette St Baltimore Md Industrial Aid Association Atlanta Ga Mut Fire Indemnity Association Augusta Ga Withdrawn Mutual Aid Association Augusta Ga Provident Life and Annuity Baltimore Md State Mutual Life and Annuity Rome Ga OTHER THAN LIFE OR FIRE JEtna Indemnity Hartford Conn American Surety New York American Credit Indemnity Company New York American Bonding and Trust Company Baltimore Md 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 Great Eastern Casualty New York Guarantee of N A 157 St lames Street Montreal Canada Hartford Steam Boiler 218 Main Street Hartford Conn Lloyds Plate Glass 08 Williams 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 New York National Surety Company New York N Y New York Plate Glass New YorkCOMPTROLLERGENERALS REPORT IX North American Accident 217 La Salle Street Chicago Ocean Accident 346 Broadway N Y Pennsylvania Casualty Scranton Pa Pacific Surety 325 Montgomery Street San Francisco Preferred Accident 202 Broadway New York Standard Life and Accident Detroit Mich Thames and Mersey Marine 69 Wall Street New York The Great Eastern Casualty Company 290 Broadway New York United States Casualty Company 38 Nassau Street New York Union Casualty and Surety Seventh and Chestnut Streets St Louis Mo United States Fidelity and Guaranty Baltimore Md FRATERNAL ORDERS American Guild Richmond Va Catholic Knights of America St Louis Mo Bankers Union of the World Omaha Neb Fraternities Accident Order Philadelphia Pa Fraternal Censor Dayton O Fraternal Union Denver Col Heralds of Liberty Huntsville Ala Home Annuity Association St Louis Mo Imperial Union Richmond Va Independent Order Foresters Toronto Canada Knights and Ladies of Southern Cross Atlanta Ga Improved Order of Hepsatophs Baltimore Md Loyal Additional Benefit Association Jersey City N T Ladies of the Maccabees Port Huron Mich Masons Annuity Atlanta Ga National Fraternal Union Lawrence Ky Order of Columbia Atlanta Ga Royal Benefit Society Washington D C Royal Arcanum Boston Mass Royal Tribe of Joseph Sedalia Mo Royal Fraternal Union St Louis Mo Senate National Union Toledo Ohio United Aid Society Savannah Ga United Benevolent Society Atlanta Ga Union Mutual Relief Atlanta Ga AVoodmen of the World Omaha Nebx COMPTROLLERGENERALS REPORT LIST OF AGENTS WHO HAVE PAID THE OCCUPATION TAX FOR 1902 A Abbott W LSylvester Worth county Alexander V MAtlanta Puton county Alien J y H CoAugusta Richmond county Akers SkinnerAtlanta Futon Adams CMMton Bibb county Arline T J o Savannah Chatham county Anderson J M u wu Macon Bibb county Abrams J BBrunswick Glynn county Andrews G W ai t u Atlanta Fulton county Arthur F B Americus Sumter county Argo no TAmericus Sumter county Adams J W T v Jonesboro Clayton county Anderson N C Augusta Richmond county Anderson T B r Rome Floyd county Allen Flovd mi i Ubrisrht Wt P y S C0Unty H s Greeneville Meriwether county Atkinson Mrs W Y vr in U Newnan Coweta county Allen Co r T Bainbridge Decatur county Ansley Llpscomb Jerome Atlanta Fulton county Arthur T1 Ti Shellman Randolph county f f0rd D Harwell Hart county Almond W V CoConyers Rockdale Arline Mason wnrtifHii ti Ightsi ille Johnson county Adamson J R J nCarrollton Carroll county Allen Wider r Atlanta Fulton county Atkins Thos E w0ni t i Maj sville Jackson county Andrews I B 0 lrnalI j H Savannah Chatham county Tcnnillc Washington county B Bass J M r Macon Bibb county Burnev Burton Monticello Jasper count v Brantley A C T n Leslie Sumter county Butler F Vugusta Richmond county Bateman A J Vngusta Richmond county 0VB TnoMacon Bibb county Brown Miss Elizabeth VUalta VnlUm CQmtyCOMPTROLLERGENERALS REPORT XI Bannon Miss Annie KMacon Bibb county Bell R EAtlanta Fulton county Branham W SWaycross Ware county Barnes Z A JrAtlanta Fulton county Blalock J OJonesboro Clayton county Brooks T JDarien Mclntosh county Blackmar J WColumbus Muscogee county Bagley D WAmericus Sumter county Barker E CWest Point Troup county Bell Conn Milledgeville Baldwin county Black E RAtlanta Fulton county Bowen O CHartwell Hart county Berrien R NMillen Berrien county Brogden Sweat Savannah Chatham county Bush F ALumpkin Stewart county Brand L MLawrenceville Gwinnett county Bennett AThomasville Thomas county Brooks T FSavannah Chatham county Baldwin W PMarshallville Macon county Brannon P MCairo Thomas county Benson L KMoultrie Colquitt county Bridges J RCuthbert Randolph county Brown JasAtlanta Fulton county Blackmar A OColumbus Muscogee county Brown N BAtlanta Fulton county Burney T AAtlanta Fulton county Brown NAtlanta Fulton county Boyd J SThomson McDuffle county Brannen T EStatesiwro Bulloch county Barksdale R OWashington AVilkes county Brightwell G RLexington Oglethorpe county Bashinsky HSandersville Washington county Bond J LMidland Muscogee county Brown R TJAtlanta Fulton county Blanchard L EHarlem Columbia county Burke M EAugusta Richmond county Burbank S MAtlanta Fulton county Buchannan J EAtlanta Fulton county Bell R MAtlanta Fulton county Bradley E SAtlanta Fulton county Ball O HAtlanta Fulton county Baldwin JnoMacon Bibb county Beck I H PBowden Carroll county Bond J LAtlanta Fulton county Blackwell Hunter Elberton Elbert county Burnett fr Peterson Fort Games Clay county Brown J WComer Madison countyXII COMPTROLLERGENERALS REPORT Banks N OGrantville Coweta county Burney J G CoBoston Thomas county Battle T OPelhain Mitchell county Baker Tanner Douglas Coffee county Brown Mrs W Emma Fort Valley Houston county Boynton W HRoscoe Coweta county Baggs Perry Camilla Mitchell county Bradfield E RLn Grange Troup county Bashinsky English Sandersville Washington county Battle J HWarrenton Warren county Brown Pead Eatonton Putnam county Brown M LBremen Haralson county Brantley B DBlackshear Pierce county Bivins E J CoMoultrie Colquitt county Blackshear E JDublin Laurens county Ballenger G AVienna Dooly county Brodnax E BCarrollton Carroll county Brown Hoyt Boston Atlanta Fulton county Bishop O BAdairsville Bartow county Baker B TGreenville Meriwether county Bridges Jack Unadilla Dooly county Burtz N RLumpkin Stewart county Bridges H CMcDonough Henry county Butt F M CoAugusta Richmond county Barber J RAbbeville Wileox county Bryant J HColumbus Muscogee county Burnett W HSparta Hancock county Bruce E CRochelle Wileox county Barker J RCedartown Polk county Bell J MDawson Tenell county Baum MQuitman Brooks county c Corley J JCovington Newton county Cook W FSavannah Chatham county Coleman H AAtlanta Fulton county Coleman F WAtlanta Fulton county Couper J HBaingridge Decatur county Connell E LTemple Carroll county Clarke Z HMoultrie Colquitt county Campbell B MBainbridge Decatur county Coheu LWaynesboro Burke county Chappell L HColumbus Muscogee county Callahan O LWoodbury Meriwether county Cleveland GOLaGrange Troup county Cheatham L WBrunswick Glvnn county Crawford A LColumbus Muscogee countyCOMPTROLLERGENERALS REPORT XIII Cobb J JMacon Bibb county Cobb Mallary Mills Macon Bibb county Cuinming A LMacon Bibb county Carson BTif ton Berrien county Clower ECairo Thomas county Corbett W PSavannah Chatham county Cheatham T MWadley Jefferson county Colzey E FColumbus Muscogee county Coates E BMacon Bibb county Cooper J CAthens Clarke county Cox S AAtlanta Fulton county Carson J MHarmony Grove Jackson county Carrington Misses C B C SMilledgeville Baldwin county Castello E JAugusta Richmond county Castello E JLouisville Jefferson county Crimm C HAtlanta Fulton county Chapman J BLithonia PeKalb county Clarke A JAcworth Cobb county Cleland J BAtlanta Fulton county Campbell H WVienna Dooly county Caraker C TMilledgeville Baldwin county Cohen J J CoAugusta Richmond county Cowles J SAtlanta Fulton county Cook J ALavonia Franklin county Cunningham A LAugusta Richmond county Clement W JAugusta Richmond county Carter A BAugusta Richmond county Clements J BAugusta Richmond county Copeland W WAtlanta Fulton county Candler J TAtlanta Fulton county Cornwell WGriffin Spalding county Curtis Morris Thomson McDuffie county Cabaniss Walker Colemau and HatcherMacon Bibb county Chambliss H EMonroe Walton county Campbell H WCordele Dooly county Coleman J LStatesboro Bulloch county Crawford W T Thomasville Thomas county Candler W BVilla Rica Carroll county Cater j j Forsyth Monroe county Crittenden Bros Cuthbert Randolph county Cobb BrosCordele Dooly COUnty Cothran H D CRome Floyd county Copelan E WGreenesboro Greene county Culpepper Geo BPerry Houston county c M Americus Sumter county Colerat C SSavannah Chatham countyXIV COMPTROLLERGENERALS REPORT Coart J CColumbus Muscogee county Campbell M OAdrain Emanuel county Cobb Bros Moultrie Colquitt county Curran P CSavannah Chatham county Cole F WAtlanta Pulton county Childs F WAtlanta Pulton county Cantrell Ramsaur Quitman Brooks county Coney W M W 0Savannah Chatham county D Dickey J L JrAtlanta Pulton county Dearing Hull StoddartSavannah Chatham county Davenport J OPayetteville Payette county Dobbins Paschal Atlanta Pulton county Douglas P WWoodville Greene county Davis J S CoAlbany Dougherty county Drake R H CoGriffin Spalding county Daniel Carswell PendergastSavannah Chatham county Davis J CAtlanta Pulton county Davis J EMaeou Bibb county Dozier P N JDamascus Early county Drake W NPelham Mitchell county Dimmock A EDublin Lowndes county Dobbs E JAtlanta Pulton county Dickerson J BRockmart Polk county Dreger W TAugusta Richmond county Deal G PAVayeross Ware county Davis W ANewnan Coweta county Duggan M LSparta Hancock county Denson W HColumbus Muscogee county Durham P BAugusta Richmond county Dees J D Augusta Richmond county Drake J MAthens Clarke county Dixon C EMacon Bibb county Dowdell L PColumbus Muscogee county Davis J RQuitman Brooks county Dawson AY PHawkinsville Pulaski county Dunbar A SAtlanta Pulton county 1 arwin Jno A CoAthens Clarke county Dunham T PSavannah Chatham county Davis A AThomaston Upson county Dixon J BMcDonough Henry county Douglas C B CoArlington Calhoun county Dent J TBainbridge Decatur county Dixon R T R JRichland Stewart count v Dubose R TAtnenS Clarke county Davis Leonard Danas Paulding countyCOMPTROLLERGENERALS REPORT XV Duulap EAtlanta Fulton county Davis WCairo Thomas county Danforth H CSavannah Chatham county Dukes J SSavannah Chatham county Davis L PThomaston Epson county E Eve W RAugusta Richmond county Erdman C MAtlanta Fulton county Etheridge J OAtlanta Fulton county Emery WTroup county Emery W ATroup county Edge C JColumbus Muscogee county Elliott A BSavannah Chatham county Edge G RGeneva Talbot county Enrich WinColumbus Muscogee county Elliott A WWeston Webster county Erwin Geo PClarkesville Habersham county Etheridge F SJackson Butts county F Ficklen B Son AVashington Wilkes county Ficklen B Son Taliaferro county Farie A LSavannah Chatham county Fort C MRome Floyd county Fleming P WBrunswick Glynn county Footman Geo DSavannah Chatham county Fuller R SShiloh Harris county Field Joseph Atlanta Fulton county Fleming H AHolly Springs Cherokee county Felker C WWinder Jacksoir county Fletcher Pearson Lumpkin Stewart county Flake W GCanton Cherokee county Finn J MDublin Laurens county Fulcher W MWaynesboro Burke county Furlow H HMacon Bibb county Farmer E JFitzgerald Furguson J FGriffin Spalding county Freeman J CAtlanta Fulton county Flynn F JAugusta Richmond county Fifer W HSavannah Chatham county Flournoy O RFort Valley Houston county Farmer L RLouisville Jefferson county Fountain W AFrasier Pulaski county Fricks A LCarnesville Franklin county Franklin Life 1 agt name not given Foute WmAtlanta Fulton countyXVI COMPTROLLERGENERALS REPORT G Goins JColumbus Muscogee county Gregory I WAlbany Dougherty county Grant J SClarkesvtlle Habersham county Golden E Z TDublin Laurens county Green W CAlbany Dougherty county Green C EMilledgeville Baldwin county Greely G M CoTallapoosa Haralson county Griffin F WLyons Tattnall county Graham L CCairo Thomas county Gay A O MAtlanta Fulton county Gay S WAtlanta Fulton county Gallaway T JMonroe Walton county Green W SColumbus Muscogee county Gwinn R JAtlanta Fulton county Graham F TAugusta Richmond county Gray D FGriffin Spalding county Gill J pAtlanta Fulton county Goetchius C BRome Floyd county Gray Y S BGriffin Spalding county Grow S ECarrollton Carroll county Gregory I WGeorgetown Quitman county Gracy J FAugusta Richmond county Gardner H AMacon Bibb county Graves R A CoBainbrldge Decatur county Graves R A CoColquitt Miller county Griffith Conner Macon Bibb county Golden E Z TStatesboro Bulloch county Glover Grady Rossville Walker county Graves R W CoHome Floyd county Griffith M FCrawfprdsville Taliaferro county Gillespie Mrs VV AGreeneville Meriwether county Gardner W S CoAugusta Richmond county Groover Johnston SorrierStatesboro Bulloch county Godfrey T EMadison Morgan county Gray H LLeliaton Coffee county Griffith Thos MFitzgerald Irwin county Ginn W CColumbus Muscogee county Garlington Eugene Griffin Spalding county Groover CoQuitman Brooks county Girardeau C HAtlanta Fulton county H Home Turpin CoMacon Bibb countv Halstead Miss Nina Columbus Muscogee county Hunt T ECedartOwn Folk count v llumbaugh V WValdosta Lowndes countyCOMPTROLLERGENERALS REPORT Heard I TAugusta Richmond county Horsley J ADa W8011j Terrell county Harper A TMacon Bibb county Harris MMacon Ribb county Henderson D LVienna Dooly county Hutchins G SBuford Gwinnett county Harris B HColumbus Muscogee county Hill W CSavannah Chatham county Hansford L NAmericus Sumter county Hatch Owens Savannah Chatham county Hutchins W GAtlanta Fulton county Holloman W SDublin Laurens county Haynes W RDanville Twiggs county Heard I TAugusta Richmond county Hutchins G SBuford Gwinnett county Hemperley A RBast Point Pulton county Hughie T ETallapoosa Haralson county Hawkins Wm E CoAtlanta Fulton county Hunter S BMacon Bibb county Harris H CMacon Bibb county Holland W WAlpharetta Milton county Herring J RXewnan Coweta county Huff wMacon Bibb county Hays A WCovington Newton county Holloway W HGrantville Coweta county Hyatt OAtlanta Fulton county H1U YMontezuma Macon county Heard L MElberton Elbert county Haynes Geo SSavannah Chatham county Hill A WXewnan Coweta county Hyams J JSylvania Screven county Hart T ESylvania Screven county Hill J BColumbus Muscogee county Holtzclaw B CPerry Houston county Hopkins W TSavannah Chatham county Hanley P PAugusta Richmond county Haney SAugusta Richmond county Hall R EAugusta Richmond county Harvey L MAugusta Richmond county Henderson R TAtlanta Fulton county Hurst D LAtlanta Fulton county Harvey TasAtlanta Fulton county Henderson M SAtlanta Fulton county Hames G TAtlanta Fulton county Tlollingswortli JnoAtlanta Fulton county Head W BGriffin Spalding county Hyatt R WColumbus Muscogee county XVIIXVIII COMPTROLLERGENERALS REPORT Hart J FMacon Bibb county Hubbard W HNewnan Covsta county Huff J B CoColumbus Muscogee county Heard Black Elberton Elbert county Harris W J Co Cedanown Polk county House L A CoWinder Jackson county Hernan E MSavannah Chatham county Hodnett W CCarrollton Carroll county Hayes J TBowersville Hart county Hansell Merrell Thomasville Thomas county Herman H ASandersville Washington county Hodges L T CoLogansville Walton county Holt Harris Sandersville Washington county Hather C CAtlanta Fulton county Hunt Stevens Carlton Madison county Hubert W PCrawfordsville Taliaferro county Halnes B DSavannah Chatham county Hunt W GSavannah Chatham county Hinton W RSavannah Chatham county Herb G Y Brunswick Glynn county Hodges T HHartwell Hart county Hunt C FThomson McDuffie county Herman S HEastman Dodge county Harrison W G R CSavannah Chatham county I Iiwin M DWinder Jackson county Ivey CAugusta Richmond county J Jackson X FAtlanta Fulton county Tones J MBoston Thomas county Jay W TShellman Randolph county Jones T RAtlanta Fulton county Jordan A FVienna Dooly county Jarmon T HTifton Berrien county Jones J Ashley Atlanta Fulton county Jankower MAthens Clarke county Jones C SCulverton Hancock county Jordan L MTennille Washington count y Jessup J L Valdosta Lowndes county Johnson J MAtlanta Pulton county Jackson A OWest Point Troup county Jackson R GBrunswick Glynn county Jackson T HWrightsville Johnson county Johnson L MAthens Clarke county Jones NSavannah Chatham countyCOMPTROLLERGENERALS REPORT XIX Johnson C WAugusta Richmond county Jenner Robert Athens Clarke county Johnson B TAtlanta Fulton county Jennings F BMacon Bibb county Jones W MAmericus Sumter county Johnson AlexAugusta Richmond county Jones W EWaynesboro Burke county Johnson Strom Augusta Richmond county Johnston Murray Griffin Spalding county Jenkins W KAshburn Worth county James D WBlakely Early county Jewell D AJewells Hancock county Jones T RValdosta Lowndes county Juniper Ella SMacon Bibb county K Kaylor JMacon Bibb county Ketehum R PCordele Dooly county Kolsliorn Fred Savannah Chatham county Ketehum W IIBrunswick Glynn county Kuttner N IIAlbany Dougherty county Key C MGreensboro Greene county King C W CoRome Floyd county Kirtley Miss Carrie Atlanta Fulton county Kimbrough E EGainesville Hall county Keenan Hugusta Richmond county Klein S CUigusta Richmond county King Chas AWest Point Troup county Ketehum P HAtlanta Fulton county Kirby B HXewnan Coweta county Kennan SDarlen Mclntosh county Kinard S BJackson Butts county Kytle Jackson Athens Clarke county Kendrick W LSharon Taliaferro county Kerr T CSavannah Chatham county Knight Williams Waycross Ware county L Lawrence LColumbus Muscogee county La Roche J ISavannah Chatham county Lowe M CMcDonough rienry county Laird A JAtlanta Fulton county Lanier A LMt Vernon Montgomery county Lott W LColumbus Muscogee county Lowe J F JrPerry Houston county Lester E CMacon Bibb county Lge j rStatesboro Bulloch countyXX COMPTROLLERGENERALS REPORT Leyens H WAugusta Richmond county Lathrop E SAtlanta Pulton county Latham S ZColumbus Muscogee county Leake BCarrollton Carroll county Lassiter J LLuthersville Meriwether county Lewis Jno P SonMontezunia Macon county Loyless S ADawson Terrell county Lang WValdosta Lowndes county Lawshe P PElberton Elbert county Lewis G AMonroe Walton county Little W CEatonton Putnam county Lovelady A JBall Ground Cherokee county Luck M TAugusta Richmond county Lee J MAugusta Richmond county Lanham WAugusta Richmond county Lanier H PAugusta Richmond county Lanier PWest Point Troup county Lorrain E MAugusta Richmond county Layfleld CRichland Stewart county Littlefield O Pjesup Wayne county Lipscomb CoAthens Clarke county Lemon A LAcworth Cobb county Little T CHarmony Grove Jackson county Loft in J B Son Morgan Calhoun county Loftin J B Son Blakeley Early county Lovett B B BroSandersville Washington county Leggett A MSavannah Chatham county Lee R ESavannah Chatham county Lowry M M CoDawson Terrell county Lott Peabody Waycross Ware county M Mesry E CAtlanta Pulton county Mitchell A IAthens Clarke county Moore H GHazlehurst Appling county Mauldin J LOair0 Thomas county Morgan J PColumbus Muscogee county Mallette E MThomasville Thomas county Mercer Mercer Savannah Chatham county Medley C RColumbus Muscogee county Mayo G WPringle Washington county Mulherin Armstrong Augusta Richmond county Moses L TTurin Meriwether county Murphey E SZebulon Pike county Mathews W SColumbus Muscogee county Malone R AAlbany Dougherty county Mather CCordele Dooly countyCOMPTROLLERGENERALS REPORT XXI Maddox J HWest Point Troup county Morris J MCedartown Polk county Murphey T EMacon Bibb county Murpbey J CMacon Bibb county Murphey E SBarnesville Pike county Mullarky A P HAugusta Richmond county Malone W AColumbus Muscogee county Middlebrooks FMonticello Jasper county Moses 0 FSavannah Chatham county Mobley H TJefferson Jackson county Mobley M LSocial Circle Washington county Moore R CNewnan Coweta county Murray W TAugusta Richmond county Manning C CAtlanta Fulton county Metts T HMacon Bibb county Montgomery Goodyear Brunswick Glynn county Monroe T RAbbeville Wilcox county Mathews T MThomaston Upson county Martin C HOcilla Irwin county Marshall T BDouglas Coffee county Mobley AVilkinson Hogansville Troup county Morton J WAthens clarke county Mallette Nutt Jackson Butts county Mardre W LLumpkin Stewart county Mallette M RBoston Thomas county Montgomery J SThomasville Thomas county Martin C DNelson Pickens county Moore J LHampton Henry county Mattox RushingMoultrie Colquitt county Montford T PColumbus Muscogee county Mathews H WColumbus Muscogee county Monroe R A Columbus Muscogee county Mathews W LSylvania Screven county Middlebrooks PMadison Morgan county McCullough J EAtlanta Fulton county McGath JOxford Newton county McDonald J EBryan Jefferson county McClurkin G PAtlanta Fulton county McKinney T SB1e RidSe Fannin county McKenzie W WColumbus Muscogee county McDonald GeoCuthbert Randolph county MKennie J CLaGrange Troup county McNeely W AWaycross Ware county McMillen W WAugusta Richmond county McNair D MAugusta Richmond county McLaughlin J PAtlanta Fulton county McArver J ARome Floyd countyXXII COMPTROLLERGENERALS REPORT McLean A LThomson McDuffie county McRea M LMcRea Telfair county McDowell J GWaycross Ware county McCandless E SAtlanta Fulton county McConnell L J CoCarnesville Franklin county McCall C HBuena Vista Marion county McElvaney A MConyers Rockdale county McClendon King CastelloFort Gaines Clay county McKenzie J WMontezuma Macon county N Norris Jno TCartersville Bartow county Newton H CShellman Randolph county Northen C SAtlanta Fulton county Nichols J PGriffin simWillg couuty Newman W NRome Floyd county Noins W MMacon Ribb county North R MNewnan Ooweta county Nicholson CoAthens Clarke county elins S JAtlanta Fulton county Newman HillColumbus Museogee county 0 OConnor E HSavannah Chatham county Outlaw J IIBartow Jefferson county Ocilla Brokerage Ins CoOcilla Irwin county P Phinizy F CoAugusta Richmond county Peters Thos jrHawkinsville Pulaski county Pitts F MCornelia Habersham county Pendleton W MAtlanta Fulton county Powell G W LAtlanta Fulton county Perry W OLawrenceville Gwinnett county Palmer B HCordele Dooly county Pickett D CColumbus Muscogee county Pitts I HColumbus Muscogee county Pinkston W LGreeneville Meriwether county Patterson ReynoldsAtlanta Fulton county Phillips PhilliPS Louisville Jefferson county l3ckett D CDawson Terrell county Perry T J JrCuthbert Randolph county Prescott AV JMt Vernon Montgomirv count Preston W HAlIauta Fulton county Peacher CCartersville Bartow county Palmour B FGainesville Hall countv Parsons B FHawkinsville Pulaski countyCOMPTROLLERGENERALS REPORT XXIII Passmore T BNashville Berrien county Persons R TPorsyth Monroe county Peters ThosAtlanta Fulton county Peters E J Atlanta Fulton county Peters H LTrion Chattooga county Pruden W H Son Dalton Whitfield county Peterson H FAugusta Richmond county Pusser R AAugusta Richmond county Phillips G HAtlanta Fulton county Parker J T Athens Clarke county Perrj E JBainbridge Decatur county Park Harper CoEastman Dodge county Peak R IAtlanta Fulton county Iendleton W MAtlanta Fulton county Palmer G TSavannah Chatham county Powell H PBarnesville Pike county Pickctt R OMcDonough Henry county Perry B FCanton Cherokee county Pritchard BrosSandersville AVashington county Pirkle Jordan Barnesville Pike county Pirkle Jordan Greenville Meriwether county Pinson Holmes Sylvester Worth county Polhill Grubbs Sylvester Worth county Price J HTifton Berrien county Price D SJesup Wayne county Parks Bell Dawson Terrell county Price W FColumbus Muscogee county Purcell J CSavannah Chatham county Peeples R A SonsValdosta Lowndes county Peeples R A SonsNashville Berrien county Proctor R ECartersville Bartow county Parker I OMillen Screven county Palmer F SWaynesboro Burke county Q Quarterman Bondurant Winder Jackson county R Roberson J NWadley Jefferson county Rossman W IIMaeon Bibb county Robison S BSandersville Washington county Rambo S STallapoosa Haralson county Rowland J T CoAtlanta Fulton county Reynolds Rust Atlanta Fulton county Reaves W ASavannah Chatham county Rood R WAtlanta Fulton county Ray B HMacon Bibb countyXXIV COMPTROLLERGENERALS REPORT Rudolph J MDalton Whitfleld county Rayle A ALexington Oglethorpe county Rushin M EVienna Dooly county Russell J SAtlanta Fulton county Rowland Rowland Savannah Chatham county Rush J LAugusta Richmond county Ragsdale T JAtlanta Fulton county Reynolds J CAtlanta Fulton county Robinson C AAtlanta Fulton county Ragan T BHuntsville Pulaski county Robson Holleman Atlanta Fulton county Rountree J HFitzgerald Irwin county Raines CoTennille Washington county Roney Davenport Americus Sumter county Richardson B SValdosta Lowndes county Ramsaur A ECalhoun Gordon county Rushin J MBoston Thomas county Rogers S H JrSavannah Chatham county Rosser J ELaFayette Walker county Rosborough Ed KAugusta Richmond county Rowland CoAthens Clarke county Riley 1 L CoAtlanta Fulton county s Stone J TColumbus Muscogee county Stroman Jno NAugusta Richmond county Sealy D NHelena Telfair county Sawtell L PAtlanta Fulton county Schley JSavannah Chatham county Smith H EBartow Jefferson county Singleton W CBuena Vista Marion county Sterne EAlbany Dougherty county Starr Erwin Calhoun Gordon county So well R INewnan Coweta county Schreve T CAtlanta Fulton county Smith A FElberton Elbert county Sessions W LAtlanta Fulton county Slembridge W HMilledgeville Baldwin county Stupplebeen H BQuitman Brooks county Saffold T PGriffin Spalding county Stanley Miss Mary ACanton Cherokee county Straus Mrs NevaAtlanta Fulton county Shelton 1 SDouglas Coffee county Shulhaefer A EAtlanta Fulton county Sudderth D QLawrenceville Gwinnett county Savage W Dugusta Richmond county Sommerkamp F MColumbus Muscogee countyCOMPTROLLERGENERALS REPORT XXV Stewart Jno AYatesville Upson county Stapleton GeoAtlanta Pulton county Sims P RWashington Wllkes county Surgess A JMadison Morgan county Seay B HLaGrange Troup county Shellrnan A LSavannah Chatham county Snow H OAbbeville Wilcox county Smith L WTalbotton Talbot county Story S GAugusta Richmond county Shulhaefer ASavannah Chatham county Shepherd J FAtlanta Pulton county Sanders W DBoston Thomas county Stacey W CAtlanta Fulton county Solomon W WMacon Bibb county Siegler G GAugusta Richmond county Sharper R VAugusta Richmond county Salter D LAtlanta Fulton county Strops F LAtlanta Fulton county Sorrell W JMacon Bibb county Spicer J AAtlanta Fulton county Stanford Hansell Cuthbert Randolph county Saddler W GNewnan Coweta county Sawtell L PAtlanta Fulton county Sessions M MMarietta Cobb county Story J WGriffin Spalding county Shaw R KValdosta Lowndes county Speed F H V HPalmetto Campbell county Skellie A DFort Valley Houston county Smith Geo HBrunswick Glynn county Stewart J FEllaville Schley county Stewart T SDahlonega Lumpkin county Shaw H TMadison Morgan county Sanders fc Davis Cedartown Polk county Simpson D JToccoa Habersham county Sudderth D GLawrenceville Gwinnett county Sasser J ASenoia Coweta county Shackelford W ALexington Oglethorpe county Symons W FBrunswick Glynn county Spurlin Hurst Tifton Berrien county Skinner W DColumbus Muscogee county Stone T TColumbus Muscogee county Stark C MSavannah Chatham county Salter 10 W Savannah Chatham county Stoney Alfriend Co Atlanta Fulton countyXXVI COMPTROLLERGENERALS REPORT T Thomson C SCovington Newton county Thomas W CArlington Calhoun county Tupper S YAtlanta Fulton county Troutmam Miss Mary ATrion Chattooga county Toirance B WGriffin Spalding county Thornton J IJackson Butts county Taylor J MReynolds Taylor county Thomas T DDalton AAhitfield county Thrower HElberton Elbert county Turner C TRome Floyd county Thornton Tno RAtlanta Fulton county Thomson HAthens Clarke county Taylor A MMaeon Bibb county Thompson T CThomaston Upson county Thorn C CAtlanta Fnlton county Traylor J RAtlanta Fulton county Taylor C ABrunswick Glynn county Taylor W AAtlanta Fulton county Turner CMontezuma Macon county Truslow A RAtlanta Fulton county Thurman 7 AAAtlanta Fulton county Thomas AA EAtlanta Fulton county Turner 1 LAtlanta Fulton county Thomas M AGriffin Spalding county Tarver A BColumbus Muscogee county Twitty W 0Pelham Mitchell county Taylor Peacock Cochran Tulaski county Tignor T OGreeneville Merlwether county Thomason Robertson Aladison Morgan county Thomas AA LFlains Sumter county Threlkeld T CAtlanta Fulton county Tinsley A RMacon Bibb county Tabor J FLavonia Franklin county Thurman MBarnesvillo Pike county Thompson A HLaGrange Troup county Thornton T TLaGrange Troup county U Upshaw W FMonroe Walton county Upton T TAtlanta Fulton county V Vlnson T AVPort Galnes Clay county Van Dyke B BAbbeville Wilcox county VaH M JAugusta Richmond countyCOMPTROLLERGENERALS REFORT XXVII w Wright J TCedartown Polk county Wiggins G PMacon Bibb county Willis W CValdosta Lowndes county Wilson II CSparta Hancock county Wynn J OAtlanta Fulton county Wilhelm J EAtlanta Fulton county Williams S GSwainesboro Emanuel county Wlieatlev W KAugusta Richmond county Wooten J ItCutlibert Randolph county Willis WAraldosta Lowudes couuty Wey F WAtlanta Fulton county Wey Mrs F WAtlanta Fulton county Williams BrosAtlanta Fulton county Waters A JEllaville Seliley county Warrick It Savannah Chatham county Wolf X FAtlanta Fulton county Wooten W ItMacon Bibb county Warren LAmericus Sumter county Wilson R OSparta Hancock county Welch L EAlbany Dougherty county Walker J WAugusta Richmond couuty Walker J DSparta Hancock county Walton W LRome Floyd county Wilkins 1 JAthens Clarke county Wilcox 1 F CoColumbus Muscogee county Wallace T BAtlanta Fulton county Wilkinson S JAtlanta Fulton county Williams J MDublin Laurens county Wise B AMacon Bibb omltv Wight K 1Cairo Thomas county West V B Macon Bibb county Wheaton Jno FSavannah Chatham county Wheatley 1 W CoAmericus Sumter county Warren G GIsabella WOTth couaty Watkins Turner Tennille Washington county Warren G WLouisville Jefferson county Winship Ike Macon Bibb county Waldo A Iv111a Pulton county Walker B SMonroe Walton county Whelchel B HGainesville Hall county Whitfield J JIlawkinsville Pulaskl county Tr r T Savannah Chatham county Wilson W 1j Wynn Harrell Cochran Pulaski county Wrlht T g Brunswick Glynn county Walker Chits MGrantville Coweta countyXXVIII COMPTROLLERGENERALS REPORT Walker J JOcilla Irwin county Wamack John Dalton Whitfield county Woodruff F LAtlanta Pulton county Wilkinson S CMacon Bibb county Walker T KMacon Bibb county Williams J N Macon Bibb county Warner JSavannah Chatham county Waldech MSavannah Chatham county Wilson J WStatesboro Bulloch county Webb A AAdel Berrien county Wight E L CoAlbany Dougherty county Y Young H LQuitman Brooks county Yancey H SonRome Floyd county Yeomans C LMacon Bibb county Yeargin W MMaysville Jackson county z Zuber C EColumbus Muscogee county State Agents Atkisson Williford RamspeckAtlanta Fulton county Arnall C SAtlanta Fulton county Angier CAtlanta Fulton county Bagley Willett Atlanta Fulton county Byck M LSavannah Chatham county Bardwell WilkinsonAtlanta Fulton county Bland M HMilledgeville Baldwin county Brown T BAtlanta Fulton county BlTan SAtlanta Fulton county Butt Durant Atlanta Pulton county Cofleld CAtlanta Pulton county Cameron J S CoAtlanta Pulton county Coleman D PAtlanta Pulton county Crandall McGeeheeAtlanta Fulton county Franklin Life State agt nor given Atlanta Fulton county Foreman R L Atlanta Pulton county Green Jno MAtlanta Fulton county Grady W EAtlanta Pulton county Godbold H VAtlanta Fulton county Hilliard Ililliard State Haas L HAtlanta Fulton county Harty Apple Savannah Chatham county Hart A WAtlanta Fulton countyCOMPTROLLER GENERALS REPORT XXIX Harmon A CSavannah Chatham county A Haas Son Atlanta Fulton county Haas CoAtlanta Eulton county Jackson H SAtlanta Fulton county LaCraw C VAtlanta Fulton county Mullen Bowen Atlanta Fulton county Moody Jno TAtlanta Fulton county Marshall A AAtlanta Fulton county Nutting J R CoAtlanta Fulton county Oberdorfer EAtlanta Fulton county Phillips C WAtlanta Fulton county Pound B RResident of Florida money refunded Prince J TAtlanta Fulton county Pickett Tno DAtlanta Fulton county Rhodes P AAtlanta Fulton county Senate S WAtlanta Fulton county Staunton V LWaycross Ware county Thornton W JTalbotton local agt and 40 refunded Toole J EAtlanta Fulton county Terrell W AGreeneville Meriwether county White W WAtlanta Fulton county No Amount Total agents 805 8050 00 Total State agents 44 2200 OC Agents tax last quarter 1901 780 00 Agentstax Oct 11901 to Oct 1 1902 11030 00 Add 3000 receipted for as fees that should have been agents tax in last quarter of 1901 which makes Total 11000 00COMPTROLLERGENERALS REPORT AGRICULTURAL FIRE INSURANCE COMPANY WATERTOWN N Y A H Sawyer President W H Stevens Secretary Principal Office 23 Washington Street James L Riley Atlanta Attorney for Service in Georgia 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 14 27031 interest accrued thereon 1870555 total 4 Value of lands mortgaged exclusive of build ings and perishable improvements 984781 00 5 Value of buildings mortgaged insured for 54405000 as collateral 598709 00 6 Total value of said mortgaged premises car ried inside 1563490 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 and amount loaned thereon 12 Cash in companys principal office 4185 11 13 Cash belonging to the company deposited in bank National Union 0792818 Jeffer son County National 3127128 Water town National 2002923 National Bank and Loan Co 1400200 total 133230 G9 Totol cash items 15 Interest due and accrued on stocks and bonds not included in market value uncollected 1G Interest due and accrued on collateral loans and uncollected and bank balances 17 Cash in hands of agents and in course of transmission fteinsurance on losses already paid Erie Fire 228425 500000 00 337400 00 775211 50 27975 85 724665 62 239244 18 137415 80 6165 47 5689 18 209810 3610 COMPTROLLERGENERALS REPORT Magdeburg 4757 Northern 9982 Capital Fire 1015 Hanover 750 Security Conn 43565 North British and Mercantile 1022 Western assurance 35 50 Total 2930 66 Total assets of the company 2466508 63 Deduct from the above assets on account of bad and doubt ful debts and securities 26429 89 Aggregate amount of all the assets of the company stated at their actual value 2440078 74 IIILIABILITIES 1 Losses due and unpaid 29101 96 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 69001 00 3 Losses resisted including interest costs and other expenses thereon 11970 00 4 Total gross amount of claims for losses 11007296 5 Deduct reinsurance thereon 9818 95 6 Net amount of unpaid lossess 100254 01 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 82680300 unearned pre miums fifty per cent 413401 50 8 Gross premiums without any deduction re ceived andreceivable upon all unexpired fire risks running more than one year from date of policy 146297900 un earned premiums pro rata 767482 13 11 Total unearned premiums as computed above carried out 1180883 63 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 5076228 reinsurance 1263711 total 63399 39 20 Total amount of all liabilities except capital stock scrip and net surplus 1344537 03COMPTROLLERGENERALS REPORT 11 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 595541 71 24 Aggregate amount of all liabilities including capital paid up and net surplus 2440078 74 IVINCOME 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 statementI 200129 44 Deduct amount of same not collected 1744 62 Net collected 198384 82 Gross premiums on risks written and renewed during the year 1653971 01 Total 1852356 43 Deduct premiums and bills in couse of collec tion at this date 209810 36 Entire premiums collected during the year 1642546 07 Deduct reinsurance and return premiums 569080 86 9 10 11 12 15 Net cash actually received for premiums carried out 1073465 21 Received for interest on bonds and mortgages 44424 89 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 33324 35 Income received from all other sources omitting increase if any in value of securities 3093 44 Aggregate amount of income actually received during the year in cash 1154307 89 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 8502056 losses occurring in pre vious yearsif 743435 93 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 269424 and all amounts actually received for reinsurances in other companies 21906012 total deductions 221754 36 3 Net amount paid during the year for losses 521681 5712 COMPTROLLERGENERALS REPORT 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 222488 07 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 92197 44 8 Paid for State national and local taxes in this and other States 38100 16 9 All other payments and expenditures viz General and agency expenses stationery printing postage exchange board taxes and maps 84825 92 Aggregate amount of actual expenditures during the year in cash 1009293 76 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1902 Risks 1645820 00 Premiums 24794 68 Losses 11490 83 Taxi 247 94 AMERICAN CENTRAL INSURANCE COMPANY ST LOUIS MO Geo I Crank President Jno H Adams Secretary Principal Office 415 Locust Street St Louis Mo C H Dillingham Columbus Ga Attorney for Service in Georgia ICAPITAL 2 Amount paid up in cash 1000000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 58666 66 4 Value of lands mortgaged exclusive of buildings and perishable improvements 83000 00 5 Value of buildings mortgaged insured for 1310000 as collateral 17000 00 6 Total value of said mortgaged premises carried inside 100000 00COMPTROLLERGENERALS REPORT 13 9 Total par and market value of bonds and stocks owned absolutely by the company carried out at market value 2381575 00 11 Total par and market value and amount loaned thereon 478000 00 12 Cash in companys principal office 15370 78 13 Cash belonging to the company deposited in bank National Bank of Commerce in StLouis 73881 83 National Bank of Commerce in New York 7058 81 Third National Bank of St Louis 31283 90 First National Bank of Las Vegas NMex 10000 00 123124 54 17 Cash in hands of agents and in course of transmission 156952 17 18 Bills receivable not matured taken for fire marine and inland risks 1392 00 Total assets of the company actual cash market valus 3215081 15 iftLIABILITIES 1 Losses due and unpaid 37838 32 2 Grois losses in process of adjustment or in suspense including all reported and sup posed losses 79536 50 3 Losses resisted including interest costs and other expenses thereon 12134 49 4 Total gross amount of claims for losses 129509 31 5 Deduct reinsurance thereon 12107 08 6 Net amount of unpaid losses 117402 23 117402 23 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 69034746 unearned pre miums fifty per cent 345173 73 8 Gross premiums without any deduction re ceived and recivable upon all unexpired fire risks running more than one year from date of policy 88044092 unearned premiums pro rata 475969 50 11 Total unearned premiums as computed above carried out 821143 2314 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 23542 82 Total 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 962088 28 1000000 00 1252992 87 24 Aggregate amount of all liabilities including capital paid up and net surplus 3215081 15 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 135137 84 3 Net collected 135137 84 4 Gross premiums on risks written and re newed during the year 1478628 50 5 Total 1613766 34 6 Deduct premiums and bills in course of col lection at this date 156 952 17 7 Entire premiums collected during the year 1456814 17 8 Deduct reinsurance and return premiums 280286 14 9 Net cash actually received for premiums carried out 1176528 03 1 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 13 Received for increase capital 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 5163911 losses occurring in previous years 698928 59 1176528 03 65674 90 16573 80 400000 00 1258776 73COMPTROLLERGENERALS REPORT 15 2 Deduct all amounts actually received lor salvages whether on losses of the last or of previous year 878339 and all amouuts actually received for reinsur ances in other companies 7684626 total deductions 85629 65 3 Net amount paid during the year for losses 613298 94 613298 94 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 75000 00 6 Paid for commissions or brokerage 227020 42 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 76492 59 8 Paid for State national and local taxes in this and other States 28001 13 9 All other payments and expenditures viz Post exchange express and telegraph 1094218 advertising 180578 rents 500000 miscellaneous 10481962 total 121567 58 Aggregate amount of actual expenditures during the year in cash 1141380 66 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 353150 00 Premiums 5260 84 Losses 33 50 Tax 52 6016 COMPTROLLERGENERALS REPORT ETNA INSURANCE COMPANY HARTFORD CONN Wm B Clark Pres Egbert O Weeks VP Wm H King Sec Home Office Hartford Conn Oliver H King Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock authorized 5000 000 00 subscribed for4000000 00 2 Amount of capital paid up in cash4000000 00 Amount of net ledger assets December 31 of previous year10354535 55 Extended at 10354535 55 IIINCOME DURING YEAR As shown by the books at home office at close of business December 31 1 Gross premiums and bills un paid at close of previous year Marine and as shown by that years state Fire inland ment 437631 18 34956 03 3 Net collected 437631 18 34956 03 4 Gross premiums written and re newed during the year 5771164 47 468269 38 5 Total6208795 65 503225 41 0 Deduct gross premiums and bills in course of collection at this date 502053 72 36307 15 7 Entire premiums collected during the year 5706741 93 466918 26 8 Deduct reinsurance rebate abatement and return premi ums 1446379 95 124440 12 9 Received for premiums other than perpetuate 4260361 9S 342478 144602840 12 10 Deposit premiums received on perpetual risks 11 Rents from companys property 4664 20 12 Interest on real estate mortgage loans 801 on other collateral loans 270 1131 00 13 Interest and dividends on stocks and bonds 49337905 493379 05 7448 58 Total rents and interest 14 Profit on sale or maturity of ledger assets during the year over book values 15 From all other sources viz 36606 9516 340 499174 25 299097 64 801 22COMPTROLLERGENERALS REPORT 17 16 Difference in gross premiums and bills unpaidDec 1900 and Dec 1901 Q 1 and 6 premiums in course of collec tion Total income during the year Total footings 65773 66 5475135 47 15829671 02 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business 1 Gross amount paid for losses including 38955339 occurring Fire in previous years13099482 2 Deduct amounts received for salvages on losses of the last or of previous years 4171075 and from reinsurance in other companies 54268677 527528 97 56868 55 Dec 31 Marine and Inland 173747 27 3 Net amount paid during the year for losses2571953 71 116878 72 4 Deposit premiums returned 5 Paid stockholders for interest or dividends 7 Commissions or brokerage to agents less received on re insurances 10 Salaries fees and all other charges officers 43500 clerks 6416932 other employes 19872011 11 Taxes on premiums 9908862 on real estate 44045 1 U b internal revenue tax 1557535 12 Insurance department fees and agentslicenses 17 municipal licences 618574 tax on franchise 13 J 65171 36715 Advertising printing and stationery 4407551 legal expenses 389643 repairs and expenses on real estate 90479 furniture and fixtures 65799 miscellaneous 28968406 14 Loss on sales or maturity of ledger assets 6875 other disbursements viz Agents balances uncollectable and sundry items 1145615 2688832 43 1227 5f 700000 00 780216 02 306389 43 139309 02 339218 78 18331 15 Total expenditures during the year Balance 4973524 33 Invested in the following 10S56146 69 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business December 31 1 Book value real estate unincumbered 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other collaterals 4 Book value of bonds excluding interest 639467230 and stocks 302336774 2 in 298059 35 12600 00 3600 00 9418040 0418 COMPTROLLERGENERALS REPORT 5 Cash in companys office 2917 60 Cash deposited in bank as fol lows jEtna National Bank Hartford 831237 Charter Oak Natl Bk Hartford 15000 City Bk Hartford 30000 Con necticut River Banking Co Hartford 50000 Fidelity Co Hartford 20000 Farm ers Mechanics National Bk Hartford 30000 First Natl Bk Hartford 50000 Natl Exchange Bk Hartford 30 000 Natl Bk of Commerce N Y 31167110 The Mol sons Bk Montreal 1419223 Phcenix Natl Bk Hartford 29837270 State Bk Hart ford 30000 Security Com pany Hartford 20000 N Y Life Trust Co N Y 25 000 United States Trust Co N Y 3337333 Merchants Natl Bank Cincinnati 25 23264 Omaha National Bank Omaha Neb 2232471 Bk of California San Francisco 707588 Union Trust Co San Francisco 407044 1024625 40 Total 1027543 00 6 Agents debit balances 450185 89 Totalf 11210028 28 DEDUCT LEDGER LIABILITIES 7 Agents credit balances 353881 59 Total net ledger assets as per balance on page 1 10856146 69 NONLEDGER ASSETS 8 Interest accrued on mortgages 196 00 11 Interest accrued on other assets 375 00 Total carried out 571 00 14 Market value of bonds and stocks over book value 276379198 15 Gross premiums in course of collection December 31 not more than three months due 53S300 87 Gross assets 14158870 54COMPTROLLERGENERALS REPORT 19 DEDUCT ASSETS NOT ADMITTED 3 Agents debit balances unsecured18862 82 5 Depreciation from book values of above net ledger assets to bring same to market value Real estate68059 35 Total 86922 17 Total admitted assets 14071948 37 VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid 80917 65 2 Losses in process of adjustment or in sus pense including all reported and supposed losses 596324 16 3 Losses resisted not outlawed including interest costs and other expenses thereon 26009 34 4 Total amount of claims for losses 703251 15 5 Deduct reinsurance due or accrued 147697 41 6 Net amount of unpaid losses 555 553 74 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 267881055 unearn ed premiums fifty per cent 1339405 28 8 Gross premiums lessreinsurance receiv ed and receivable upon all unexpired Are risks running more than one year from date of policy 391356370 unearned pre miums pro rata 2109923 98 9 Gross premiums lessreinsurance includ ing both cash and bills received and re ceivable upon all unexpired inland navi gation risks 22787261 unearned premi ums fifty per cent 113936 30 11 Total unearned premiums as computed above 3563265 56 12 Amount reclaimable by the insured on perpetual fire insurance policies being ninetyfive per cent of the premium or deposit received 76714 15 19 Commissions brokerages and other charges due to agents and brokers on premiums paid 134590 22 20 Return premiums and reinsurance premiums 80754 13 22 Total amount of all liabilities 4410877 80 23 Joint stock capital actually paid up in cash 4000000 00 25 Divisible surplus 5661070 57 Total 140719483720 COMPTROLLERGENERALS REPORT Business in the State of Georgia During the Year Fire Risks Tornado Risks Aggregate Gross risks written10549136 00 Gross premiums received 134705 90 Losses paid 76222 59 Losses incurred 86445 22 Amount at risk 6723080 00 BUSINESS IN GEORGIA TOR YEAR ENDING APRIL 30 1902 Risks11143258 00 Premiums 154517 85 Losses 0467 17 Tax 1545 17 1028165 00 11577301 00 10610 28 145316 18 76222 59 86445 22 1077250 00 7800330 00 ATLANTA HOME FIRE INSURANCE CO OF ATLANTA GA Robert J Lowry President Joel Hurt Secretary Principal office 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 encumbrances 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 30710 interest accrued thereon 48574 total 4 Value of lands mortgaged exclusive ot build ings and perishable improvements 54500 00 5 Value of buildings mortgaged insured for 400000 as collateral 20500 00 6 Total value of said mortgaged premises carried inside 75000 00 7 Amount of other loans 1208 75 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 and bonds and amount loaned thereon 12 Cash in companys principal office 1700 33 13 Cash belonging to the company deposited in bank Atlanta Natl Bank S2221 Lowry Natl Bank 2704814 total 29570 68 Total cash items 14 Amount of premium notes upon which policies have been issued 15 Interest due and accrued on stocks not included in mar ket value uncollected 500000 00 104375 42 16113 00 792 84 418902 50 1208 75 29570 68 587 45 1938 43COMPTROLLERGENERALS REPORT 21 16 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 due from other companies for re insurance on losses already paid office furniture All other assets Total assets of the company actual cash market value IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 10579 05 3 Losses resisted including interest costs and other expenses thereon 15524 43 4 Total gross amount of claims for losses 26103 48 5 Deduct reinsurance thereon 5854 05 5 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 3488230 unearned premiums fifty per cent 17441 15 8 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 6879496 unearned premi ums pro rataj 28868 63 Total unearned premiums as computed above car ried out All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due for reinsurance 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 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 23184 82 3 Net collected 23184 82 4 Gross premiums on risks written and re newed during the year 72092 06 5 Total 95276 88 II 19 21 24 42 30 19119 41 4595 53 774 13 598020 47 20249 43 46309 78 643 91 67203 12 500000 00 30817 35 598020 4722 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 19706 89 7 Entire premiums collected during the year 75569 99 8 Deduct reinsurance and return premiums 27514 52 9 Net cash actually received for premiums carried out 48055 47 10 Received for interest on bonds and mortgages 9778 39 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 17084 25 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 544506 profit and loss 1523752 total 20682 58 15 Aggregate amount of income actually received during the year in cash 95600 69 VEXPENDITURES DURING THE YEAR Ou Fire Risks 1 Gross amount actually paid for losses in cluding 3424262 losses occurring in pre vious years 95532 95 2 Deduct all amounts actually received for sal vages whether on losses of the last or of pre vious year 143759 and all amounts actu ally received for reinsurances in other com panies 2296416 total deductions 24401 75 3 Net amount paid during the year for losses 71130 84 6 Paid for commissions or brokerage 7259 95 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 7095 96 8 Paid for State national and local taxes in this and other States 13014 90 9 All other payments and expenditures viz Rents 1 41600 advertising and stationery 12865 legal ex penses 191159 repairs to R E 19608 miscellane ous 278227 total 6434 5 Aggregate amount of actual expenditures during the year in cash 105136 24 Business in the State of Georgia During the Year Fire Risks Fire Marine and Inland risks written 2078531 00 Premiums received gross 37 746 36 Losses paid 40 472 45 Losses incurred 42 665 29 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 2152265 00 Premiums 36465 33 Losses 15568 18 Tax 364 65COMPTROLLERGENERALS REPORT 25 BRITISH AMERICA ASSURVNCE COMPANY OF TORONTO CANADA Hon Geo A Cox President P H Sims Secretary Principal office 18 and 20 Front Street East Toronto Geo J Dexter Atlanta Attorney for service in Georgia IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 10000 Oft 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1034938 77 13 Cash belonging to the company deposited in bank Trustees account Canadian Bank of Commerce N Y 48364 74 Ordinary account Canadian Bank of Commerce N Y 8588 90 Total cash items 56953 64 15 Interest due and accrued on stocks not included in mar ket value uncollected 6558 32 17 Cash in hands of agents and in course of transmission 254852 28 Total assets of the company actual cash market value 1363303 01 IIILIABILITIES 1 Losses due and unpaid 24450 35 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 47305 72 3 Losses resisted including interest costs and other expenses thereon 2260 00 4 Total gross amount of claims for losses 74016 07 6 Net amount of unpaid losses 74016 07 7 Gross premiums without any deduction re ceived and receivable upon all uuexpired fire risks running one year or less from date of policy 81580022 unearned pre miums fifty per cent 40790011 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 155897486 unearned pre miums pro rata 284199 59 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland nav igation and marine risks 92751 7024 COMPTROLLERGENERALS REPORT 10 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 1 432 49 In otal unearned Premiums as computed above carried out 786 S3 89 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions 60 925 20 Total amount of all liabilities except capital stock scrip and net surplus 921 225 21 2 Surplus beyond capital and all other liabilities 442077 SO 24 Aggregate amount of all liabilities including capital paid up and net surplus jg63j303 Q1 IVINCOME DURING THE YEAR On Marine and 1 Gross premiums and bills in Illaus course of collection at close of last previous year as shown by that years statement 178347 82 52780 56 3 Net collected 178347 82 52i780 6 4 Gross premiums on risks written and renewed during the year 1329392 57 338001 81 f 3 1507740 39 390782 37 0 Deduct premiums and bills in course of collection at this date 218748 53 36103 75 7 Entire premiums collected dur q nigtiheyear1288991 86 354678 62 Deduct reinsurance and return premiums 301605 33 80602 88 9 Net cash actually recieved for premiums carried out 987386 53 274075 74 1261 462 7 11 Keceved for interests anddividends on stocksand bonds collateral loans and from all other sources 42442 53 15 Aggregate amount of income actually received during the year in cash 1303604 90 VEXPENDITURES DURING THE YEAR t On Marine and 1 Gross amount actually paid fo Iuland Risks losses including 10417318 losses occurring in previous years 772649 66 192769 4S z Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 1424729 and all amounts actually received forCOMPTROLLERGENERALS REPORT 25 reinsurances in other compa nies 6951368 total deduc tions 62864 99 20895 3 Net amount paid during the year for losses 709784 67 171873 50 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 stationery postage traveling expenses and exchange Aggregate amount of actual expenditures during the year in cash 1306119 67 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 1672491 00 Premiums received gross Losses paid Losses incurred 881658 17 232170 45 64196 73 42415 62 85678 70 23472 09 24480 59 27305 59 BUSINESS IN GEORGIA FOB YEAB ENDING APRIL 30 1902 Risks 1672194 00 Premiums 23455 12 Losses 21056 07 Tax 234 55 CITIZENS FIRE INSURANCE COMPANY OF ST LOUIS MO Sol E Waggoner President John H Carb Secretary Principal office Rialto Building St Louis Jmo H Perdue Atlanta Ga Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 200000 00 II ASSETS 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 324500 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 316800 00 5 Value of buildings mortgaged insured for 16915000 as collateral 211200 00 6 Total value of said mortgaged premises carried inside 528000 00 4877 00 206955 00 3245 0026 COMPTROLLERGENERALS REPORT 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 54875 OG 12 Cash in companys principal office 1019 11 13 Cash belonging to the company deposited in bank Merchants Laclede National Bank St Louis 8537793 WellsFargo Bank San Francisco 300498 Lowry National Bank Atlanta 848764 96870 55 Total 97889 66 Cash items Losses and expenses paid ac count next fiscal year 29922 49 Total cash items 127812 15 15 Interest due and accrued on stocks not included in mar ket value uncollected 416 00 17 Cash in hands of agents and in course of transmission 139128 05 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 Hartford Fire Insurance Co for losses and return pre miums paid account Lancashire and American Fire In surance Companies 1734 35 Total assets of the company actual cash market value 539042 55 IIILIABILITIES 1 Losses adjusted and unpaid not yet due none due 15318 83 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 139000 18 3 Losses resisted including interest costs and other expenses thereon 10425 00 4 Total gross amount of claims for losses 164744 01 5 Deduct reinsurance thereon 122032 86 6 Net amount of unpaid losses 42711 15 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 20563300 unearned pre miums fifty per cent 102816 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 9693200 unearned premiums pro rata 63889 77 11 Total unearned premiums as computed above carried out 166706 27 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 dueCOMPTROLLERGENERALS REPORT IT and to become due to agents and brokers on premiums paid and in course of collection 2956470 reinsur ance 1460674 Hartford Fire Insurance Co total Total amount of all liabilities except capital stock scrip and net surplus 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 20 21 IVINCOME DURING THE YEAH 1 Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement 2 Deduct amount of same not col lected On Marine and Inland On Fire Risks Risks 93181 25 81 62 1340 48 3 Net collected 4 Gross premiums on risks written and renewed during the year 1196951 45 91840 77 81 62 839 45 5 Total 1288792 22 921 07 6 Deduct premiums and bills in course of collection at this date 139128 05 7 Entire premiums collected during the year 1149664 17 92107 8 Deduct reinsurance and return premiums 918183 38 644 75 9 Net cash actually received for pre miums carried out 231480 79 276 32 10 Received for interest on bonds and mortgages 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Marine and inland Risks On Fire Risks 1 Gross amount actually paid for losses including 1676971 losses occur ring in previous years464598 76 264 64 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2 16501 and all amounts actually received for reinsurances in other companies 34292929 total de ductions 345094 30 185 25 3 Net amount paid during the year for losses 119504 46 79 39 44171 44 253588 86 200000 00 85453 69 539042 55 231757 11 10636 61 242393 72 119583 8528 COMPTROLLERGENERALS REPORT 6 Paid for commissions or brokerage 54746 44 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 19259 83 8 Paid for State national and local taxes in this and other States 8566 80 9 All other payments and expenditures viz Miscellane ous 2076693 profit and loss 23545 total 21002 38 Aggregate amount of actual expenditures during the year in cash 223159 30 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 876549 00 Premiums received gross 17039 25 Losses paid 1788 62 Losses incurred 4246 62 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1724090 00 Premiums 27411 83 Losses 5679 25 Tax 274 11 COMMERCIAL UNION FIRE ASSURANCE COMPANY LTD OF LONDON ENGLAND A H Wray Manager Principal office in U S Cor Pine and William Sts New York Attorney for service in Georgia Jacob Haas Atlanta IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 888148 69 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 232500 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 4060 41 4 Value of lands mortgaged exclusive of buildings and perishable improvements 123000 00 5 Value of buildings mortgaged insured for 214500 as collateral 240000 00 Total value of said mortgaged premises carried inside 363000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1842385 00 12 Cash in companys principal office 3984 11 13 Cash belonging to the company deposited in bank Morton Trust Co N Y 19174203 N Y Life Ins and Trust Co NY 2200 National Bank of Commerce N Y 103COMPTROLLERGENERALS REPORT 29 65004 American Exchange National NY 1570362 First National Denver 12739 AngloCalifornian San Francisco 69 82845 total 381073 53 Total cash items 385057 64 15 Interest due and accrued on stocks not included in mar ket value uncollected 1l6 65 Gross premiums as written in the policies in course of collection policies written within three months 574159 24 18 Bills receivable not matured taken for fire marine and inland risks 5473 43 All other assets both real and personal viz Rents due and accrued 7701 48 Gross assets of company 3940652 5o Total deductions Fire Underwriters Salvage Assn stockjooooa Total assets of the company actual cash market value 3939652 55 IIILIABILITIES 1 Losses due and unpaid 116720 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 289770 00 3 Losses resisted including interest costs and other expenses thereon 28500 00 4 Total gross amount of claims for losses 434990 00 5 Deduct reinsurance thereon 33375 00 6 Net amount of unpaid losses 401615 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 211322131 unearned pre miums fifty per cent 1056610 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 203018190 unearned pre miums pro rata 1087556 57 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 7004977 un earned premiums fifty per cent 35024 S8 11 Total unearned premiums as computed above car ried out 21f Amount reclaimable on perpetual fire policies 100i0o 6230 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions and brokerage 7858733 re turn premiums 345015 reinsurance 2830959 total 110347 07 Total amount of all liabilities except capital stock scrip and net surplus 2791359 79 Surplus beyond capital and all other liabilities 1148292 76 Aggregate amount of all liabilities including capital paid up and net surplus 393965255 IVINCOME DURING THE YEAR 20 23 24 On Fire Risks Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 485832 12 On Marine and Inland Risks 4303 09 Net collected 485832 12 4303 09 Gross premiums on risks writ ten and renewed during the year 3777479 04 123880 41 Total 4263311 16 Deduct premiums and bills in course of collection at this date 582421 52 Entire premiums collected dur ing the year 3680889 64 Deduct reinsurance and return premiums 975270 36 128183 50 6774 72 121408 78 10351 81 9 10 11 12 14 15 Net cash actually received for premiums carried out 2705619 28 111056 97 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 Amount of remittance from home office during the year 173892 05 2816676 25 11264 26 71750 00 21283 24 Aggregate amount of income actually received during the year in cash 2920973 75 1 VEXPENDITURES DURING THE YEAR On Fire Bisks Gross amount actually paid for losses including 27495070 losses occurring in previous years 1936846 01 On Marine and Inland Risks 44821 30COMPTROLLERGENERALS REPORT 31 2 Deduct all amounts actually received for salvages whether on losses of the last or of pre vious year 1463168 and all amounts actually received for reinsurances in other com panies 11222490 total de ductions 119943 81 6932 77 3 Net amount paid during the year for losses 1816902 20 37888 53 1854790 73 6 Paid for commissions or brokerage 556056 82 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 138897 29 8 Paid for State national and local taxes in this and other States 80659 87 9 All other payments and expenditures viz Rents 24 12307 miscellaneous 13503429 total 159157 36 10 Amount sent to home offices during the year 30629310 Aggregate amount of actual expenditures during the year in cash 2789562 07 Business in Georgia During the Year Fire Risks Fire marine and inland risks written 5671402 Premiums received gross 86798 86 Losses paid 49991 25 Losses incurred 48154 76 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 5702963 17 Premiums 93926 90 Losses 52438 23 Xax 939 26 CONTINENTAL INSURANCE CO OF NEW YORK F C Moore President E Lanning Secretary Principal office No 46 Cedar St New York J L Riley Co Attorneys for Service in Georgia 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 1106250 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 50910 0032 COMPTROLLERGENERALS REPORT 3 Interest due on all said bond and mortgage loans interest accrued thereon 91133 total 59050 00 69650 00 4 Value of lands mortgaged exclusive of build ings and perishable improvementsf 5 Value of buildings mortgaged insured for 6965000 as collateral 6 Total value of said mortgaged premises ear ned inside 12870000 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 4316 84 13 Cash belonging to the company deposited in bank First National Bank N Y 442 55301 National Bank of Commerce N Y 1174560 Mechanics National Bank N Y 30372 Central Trust Co N Y 30295000 First National Bank Brook lyn N Y 607466 Brooklyn Trust Co Brooklyn N Y 692767 Franklin Trust Co Brooklyn N Y 845891 First Na tional Bank Chicago 111 4245516 U S Mortgage Trust Co N Y 176459 Crocker Wool worth National Bank San Francisco Cal 250000 total 825733 32 Total cash items 14 Amount of premium notes upon which policies have been issued 1507577 20 lo Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued bank balance etc 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks Allother assets both real and personal asper schedule attached viz Rents due and accrued 155864 due from other companies for reinsurance on losses alreadv paid total 911 33 8802020 00 830050 16 70384 75 2790 82 642957 44 91178 67 1558 64 Total assets of the company actual cash market value11599011 81 IIILIABILITIES Gross losses in process of adjustment or in suspense including all reported and sup posedlosses mm u Losses resisted including interest costs and other expenses thereon 42 344 Total gross amount of claims for losses Deduct reinsurance thereon 426729 19259 00 12 71 6 Net amount of unpaid losses 407469 41COMPTROLLERGENERALS REPORT S3 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 295442429 unearned premiums fifty per cent 1477212 15 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 6126785 81 unearned premiums pro rate 3329691 45 11 Total unearned premiums as computed above carried out 15 Dividends declared and remaining unpaid or uncalled for Scrip 2833500 interest 608934 total 16 Cash dividends to stockholders remaining unpaid 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All othpr demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and reinsurance Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 4806903 60 34424 34 75 00 15000 00 433811 34 5697683 69 1000000 00 4901328 12 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR 0n Flre Risks 1 Gross premiums and bdls in course of collec tion at close of last previous year as shown by that years statement 677662 58 2 Deduct amount of same not collected 18028 87 Net collected 659633 71 Gross premiums on risks written and re newed during the year 5793536 75 Total 6453170 46 Deduct premiums and bills in course of col lection at this date 734136 11 11599011 SI 3 4 5 Entire premiums collected during the year Cash 571903435 notes 5719034 35 Deduct reinsurance and return premiums 797149 42 10 11 Net cash actually received for premiums carried out 4921884 93 4921884 93 Received for interest on bonds and mortgages 2330 17 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 376674 42 3 ill34 COMPTROLLERGENERALS REPORT 12 Income received from all other sources omitting increase if any in value of securities viz Rents 19733 47 15 Aggregate amount of income actually received during the year in cash 5320622 99 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 38487543 losses occurring in previous years 2898015 78 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 845487 and all amounts actually received for reinsurances in other companies 24070708 total deductions 249161 95 3 Net amount paid during the year for losses 2648853 83 264885 S3 4 Cash Dividends actually paid stockholders amount of stockholders dividends declared during the year 250 00000 249925 00 5 Scrip or certificates of profits redeemed in cash and interest paid to scripholders 145 00 6 Paid for commissions or brokerage 1030748 I1 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 356332 08 8 Paid for State national and local taxes in this and other States 132033 92 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 225361 78 Aggregate amount of actual expenditures during the year in cash 4673402 SO Business in the Stale of Georgia During the Year Fire Risks Fire marine and inland lisks written 5711427 00 Premiums received gross 87221 57 Losses paid i74 22 Losses incurred 45052 2 i BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 7 82266 00 Premiums 1030S7 02 Losses 3025i 45 Tax 1030 S7COMPTROLLERGENERALS REPORT 35 CONNECTICUT FIRE INSURANCE COMPANY HARTFORD CONN J D Browne President Charles R Burt Secretary Home office 51 Prospect Street Hartford C R Hollis Atlanta Ga Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock authorized 1000000 00 Subscribed for1000000 00 2 Amount of capital paid up in cash 1000000 00 Amount of net ledger assets December 31 of previous year3886629 883886629 86 IIINCOME DURING 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 years statement 171500 00 2 Add for under estimate t5450 22 3 Total collected 236950 22 4 Gross premiums written and renewed dur ing the year2813097 85 5 Total3050048 07 6 Deduct gross premiums and bills in course of collection at this date 200880 00 7 Entire premiums collected during the year 2849168 07 8 Deduct reinsurance rebate abatement and return premiums 472031 40 9 Received for premiums other than perpetuals 2377136 67 11 Rent for companys property including for companys use of own building net 5502 65 12 Interest on real estate mortgage loans 59206 50 13 Interest and dividends ou stocks and bonds 9299613 and from all other sources 428303 97279 16 Total rents and interest 161988 31 I I Profit on sale or maturity of ledger assets during the year overbook values 33S86 86 Total income during the year 2573011 84 Total footings 0459641 70 in DISBURSEMENTS DURING YEAR Fire 1 Gross amount paid for losses including 17823497 occurring in previous years 1496205 9536 COMPTROLLERGENERALS REPORT 2 Deduct amounts received for salvages on losses of the last or of previous years 584971 and from reinsurance in other companies 12762983 133479 54 3 Net amount paid during the year for losses 1362726 41 5 Paid stockholders for interest or dividends amount de clared during the year 100000 00 100000 00 7 Commissions or brokerage to agents less received on reinsurances 499920 84 9 Eents including for companys use of own build ings less from subleases 10250 04 10 Salaries fees and all other charges officers clerks and other employes 174028 34 11 Taxes on premiums 54981 53 12 Insurance department fees and agents licenses 1272050 municipal licenses 5176 43 tax on franchise paid by stockholders personally 17896 93 13 Advertising printing stationery legal and miscellane ous expenses repairs and expenses on real estate de ducted from gross rentals hence not included here 161945 86 Total expenditures during the year 2381749 95 Balance 4077891 75 IVLEDGER ASSETS 1 Book value of real estate unincumbered 217000 00 2 Mortgage loans on real estate first liens 1193750 00 4 Book value of bonds excluding interest 180461326 and stocks 35473697 2159350 23 Cash in companys office 443 07 in bank 392159 74 392602 81 Natl Exchange Bank Hartford 308357 19 Continental Natl Bank Chicago 75407 65 AngloCalifn Bk San Francisco 8395 00 6 Bills receivable 1509704 agents debit balances net 10009167 115188 71 Total 4077891 75 Total net ledger assets 4077891 75 NONLEDGEK ASSETS 14 Market value of bonds and stocks over book value 138489 77 15 Grosspremiums excluding return premiums and reinsurance in course of collection December 31 not more than tbree months due 167880 00 16 Deduct cost of collection commission and brokerage and other expenses 65650 00 17 Net amount of uncollected premiums not more than three months due102230 00 Gross assets 4318611 52 Total admitted assets 4318611 52COMPTROLLERGENERALS REPORT 37 VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid due not yet due 97865 54 2 Losses in process of adjustment or in sus pense including all reported and sup posed losses 175241 16 3 Losses resisted not outlawed including interest costs and other expenses thereon 33188 32 4 Total amount of claims for losses 306295 02 5 Deduct reinsurance due or accrued 27251 40 C Net amount of unpaid losses 279043 62 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 143627098 un earned premiums fifty per cent 71813549 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 240299967 unearned premiums pro rata 1313009 21 11 Total unearned premiums as computed above 2031144 70 22 Total amount of all liabilities 2310188 32 23 Joint stock capital actually paid up in cash 1000000 00 25 Divisible surplus1008423 20 2008423 20 Total 4318611 52 Business in the Slate of Georgia during the Year Fire and Tornado Kieks Gross risks written 766100 00 Gross premiums received 9423 44 Losses paid 7524 50 Losses incurred 7278 50 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 80 1902 Risks 835000 00 Premiums 11568 26 Losses 5496 28 Tax 115 68 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF JACKSON GA Levi J Ball VicePresident John T Goodman Secretary Principal office Jackson Ga ICAPITAL 1 Whole amount of capital stockNone strictly cooperative38 COMPTROLLERGENERALS REPORT IIASSETS 1 1268 policies total amount 990729 00 12 Cash in companys principal office 351 83 Total 351 83 17 Cash in hands of agents and in course of transmission 356 73 Total assets of the company actual cash market value 708 56 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 847 00 4 Total gross amount of claims for losses 847 00 6 Net amount of unpaid losses 847 00 IVINCOME DURING THE YEAR On Fire Risks 6 Amount received for assessment for losses 1200 00 7 Entire premiums collected during the year 1688 50 8 Cash for premiums in hands of agents 356 73 9 Net cash actually received for premiums carried out 3245 23 15 Aggregate amount of income actually received during the year in cash 3245 23 VEXPENDITURES DURING THE YEAR 6 Paid for losses 1200 00 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 1247 25 9 All other payments and expenditures viz Advertising blanks and incidental 89 42 Aggregate amount of actual expenditures during the year in cash 2536 67 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 373575 00 Premiums 1867 87 Losses 1145 00 FARMERS MUTUAL FIRE INSURANCE COMPANY OF FORT GAINES GEORGIA J W West President I B West Secretary Principal office Fort Gaines Ga Lee M Jordan Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stockNone assessment planCOMPTROLLERGENERALS REPORT 39 IIASSETS 1 Market value of policy liens owned by the company less the amount of incumbrances thereon 417645 00 Total assets of the company actual cash market value 417645 00 IIILIABILITIES 8 Gross premiums without any deduction received and receivable upon all unexpired fire risks running more than one year from date of policy 2108 85 9 Total par and market value carried out of stocks and bonds owned absolutely by the company 417645 00 50 Total amount of all liabilities except capital stock scrip and net surplus 417645 00 IVINCOME DURING THE YEAE On Fire Bisks 4 Gross premiums on risks written and renewed during the year 2108 85 5 Total 2108 85 7 Entire premiums collected during the year cash 190195 9 Net cash actually received for premiums car ried out 2108 85 15 Aggregate amount of income received during the year in cash 2108 85 VEXPENDITURES DURING THE YEAR On Fire Bisks 1 Gross amount actually paid for losses includ ing 1800 losses occurring in previous years 18 3 Net amount paid during the year for losses 18 00 4 Cash dividends actually paid stockholders amount of stockholdersdividends declared during the year 636 34 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 1265 31 8 Paid for State national and local taxes in this and other States 40 00 9 All other payments and expenditures viz Printing postage etc79 90 Business in the State of Georgia during the Year Fire Bisks Pire marine and inland risks written 42177 00 Premiums received gross 2108 85 Jjosses paid 18 0040 COMPTROLLERGENERALS REPORT FIREMANS FUND FIRE INSURANCE COMPANY OF SAN FRAN CISCO CAL Wm J Dutton President Louis Weinmann Secretary Principal Office 4017 California St San Francisco Cal Edgar S Wilson Macon Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 1000000 00 2 Amount paid up in cash i 000 000 00 IIASSETS 1 xMarket 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 449513 interest accrued thereon 109757 total 4 Value of lands mortgaged exclusive of build ings and perishable improvements 567000 00 5 Value of buildings mortgaged insured for 9480000 as collateral 149300 00 6 Total value of said mortgaged premises car ried inside 716 300 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 and amount loaned thereon 12 Cash in companys principal offices 10532 26 13 Cash belonging to the company deposited in bank Crocker Wool worth San Francisco 2589969 San Francisco National 12 48884 Bank of California San Francisco 1008812 AngloCalifornian Ltd San Francisco 1740743 Union Trust Co San Francisco 2450845 Savings Loan Society San Francisco 1144754 San Francisco Savings Union 1713906 Mer chants National Chicago 2417512 First National Albuquerque N M 1000000 Shawmut National Boston 5617560 I C Plants Son Macon 825619 N Y National Park 6259091 total 280 17695 Total cash items 16 Interest due and accrued on collateral loans and uncollected and bank deposits 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and in land risks 553700 00 277775 00 5592 70 2550927 00 230000 00 290709 21 1702 46 586056 57 62443 18COMPTROLLERGENERALS REPORT 41 All other assets both real and personal viz Rents due and accrued due from other companies for reinsur ance on losses already paid Aachen Munich 126871 Home F M 14707 Norwich Union 63436 U S 95859 Penn 127308 Merchants Newark N J 123338 American N Y 250 Hartford 100000 Lancashire 375 Teutonia 187 Warrants Advances on unsettled marine losses 6523 31 1528 96 12054 68 Total assets of the company actual cash market value 4579013 07 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 coats and other expenses thereon 4 Total gross amount of claims for losses 56891 06 5 Deduct reinsurance thereon 10 273062 14 6575 00 336529 10 124447 34 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 141616222 unearned premiums fifty per cent 708081 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 89199090 unearned pre miums pro rata 1599862 42 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 50 per cent on time hull risks 16991318 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 84956 59 221 n 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 Special deposit 4873039 marine bills payable 433000 commission due on premiums in course of collection 6440075 212081 76 1706915 31 117461 14 Total 2036458 2142 COMPTROLLERGENERALS REPORT 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1542554 86 24 Aggregate amount of all liabilities including capital paid up and net surplus 4579013 07 Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment IVINCOME DURING THE YEAR On Fire Risks On Marine and Inland Risks 407498 59 104220 93 Net collected Gross premiums on risks writ ten and renewed during the year 2866043 74 407498 59 104220 93 995091 01 Total 3273542 33 1099311 94 Deduct premiums and bills in course of collection at this date 497203 25 151296 50 Entire premiums collected dur ing the year 2776339 08 948015 44 Deduct reinsurance and re turn premiums 784465 35 583920 55 10 11 12 15 Net cash actually received for premiums carried out 1991873 73 364094 89 2355960 62 Received for interest on bonds and mortgages 130759 34 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12513 02 Income receivd from all other sources omitting increase if any in value of securities 25711 61 Aggregate amount of income actually received during the year in cash 2524952 59 VEXPENDITURES DURING THE YEAR On Marine and On Fire Risks iulandRisks 1 Gross amount actually paid for losses including 22850017 losses occurring in previous years 1195323 05 490669 46 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 33 20929 and all amounts ac tually received for reinsurCOMPTROLLERGENERALS REPORT 43 ances in other companies 46348653 Total deduc tions 207447 95 289247 87 3 Net amount paid during the year for losses 87875 10 201421 59 1189296 69 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 120000 00 6c Paid for commissions or brokerage 328229 30 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 244167 58 8 Paid for State national and local taxes in this and other States 71539 86 5 All other payments and expenditures 202103 17 Aggregate amount of actual expenitures during the year in cash 2155336 60 Business in the Stale of Georgia During the Year Fire Insurance Fire marine and inland risks written 6071098 00 Premiums received grossV 81340 19 Losses paid 25188 07 Losses incurred 39508 98 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 4360660 00 Premiums 77630 56 Losses 23823 79 Tax 776 30 FIRE ASSOCIATION OF PHILADELPHIA PA E C Irvin President Benj T Herkness Secretary Principal office 407 and 409 Walnut St Julian Schley Savannah Ga Attorney for Service in Georgia 1 Whole amount of capital stock 2 Amount paid up in cash IIASSETS 500000 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 firstliens on the fee simple 3 Interest due on all said bond and mortgage loans 13 20196 interest accrued thereon if 1694003 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1532402 00 500000 00 512100 00 1371570 49 30141 9944 COMPTROLLERGENERALS REPORT 5 Value of buildings mortgaged insured for 126585100 as collateral 2005949 00 6 Total value of said mortgaged premises car ried inside 3538351 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3132919 25 11 Total par and market value of bonds stocks and all other securities except mortgages and amount loaned thereon 66850 00 12 Cash in companys principal office 28973 76 13 Cash belonging to the company deposited in bank Fidelity Trust Co 10248351 Merchants National Bank 512284511 Gerard National Bank 11902732 total 244355 94 Total cash items 273329 70 15 Interest due and accrued on stocks not included in mar ket value uncollected 27585 25 16 Interest due and accrued on collateral loans and uncol lected 125123 17 Cash in hands of agents and in course of transmission 888240 92 All other assets both real and personal as per schedule attached viz Rents due and accrued 266086 due from other companies for reinsurance on losses already paid 755092 due for salvage on losses paid 101341 11225 19 Total assets of the company actual cash market value 6315216 02 IIILIABILITIES 1 Losses due and unpaid 235316 85 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 175935 64 3 Losses resisted including interest costs and other expenses thereon 49064 96 4 Total gross amount of claims for losses 460317 45 5 Deduct reinsurance thereon 44751 79 6 Net amount of unpaid losses 415 565 66 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 2371329 24 unearned premiums fifty per cent 1185664 62 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 2566455 07 un earned premiums pro rata 1397177 51 11 Total unearned premiums as computed above carried out 2582S42 13COMPTROLLERGENERALS REPORT 45 19 All other demands against the cmpany absolute and contingent due and to become due admitted and con tested viz Amount reclaimable by the assured on perpetual Are insurance policies 90 and 95 per cent of premium depreciated 1906027 47 Commission due agents on premiums paid and in course of collection 14634854 return premiums 11297416 reinsurance 10132540 total 360648 10 20 Total amount of all liabilities except capital stock scrip and net surplus 5265083 36 21 Joint stock capital actually paid up in cash 500000 00 22 Scrip outstanding 550132 66 24 Aggregate amount of all liabilities including capital paid up and net surplus 6315216 02 IVINCOME DURING THE YEAR On Fire lisks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 838263 53 3 Net collected 838263 53 4 Gross premiums on risks written and re newed during the year 4359881 82 5 Total 5198145 35 6 Deduct premiums and bills in course of coi tion at this date 888240 92 7 Entire premiums collected during the year 4309904 43 8 Deduct reinsurance and return premiums 1062932 26 9 Net cash actually received for premiums carried out 3246972 17 3246972 17 10 Received for interest on bonds and mortgages 85972 07 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 157766 84 12 Income received from all other sources omitting increase if any in value of securities viz Rents 2575220 25752 20 15 Aggregate amount of income actually received during the yearincash 3516463 28 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 24618337 losses occurring in previous years 230239 24 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 880978 and all amounts actually received for reinsur40 COMPTROLLERGENERALS REPORT ances in other companies 209485 16 to tal deductions 218294 94 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 9 All other payments and expenditures viz Advertising and stationery 29373 04 legal expenses 289339 re pairs to real estate 1151001 miscellaneous 112 13448 total 2084034 30 200000 00 798142 in 236440 09 9544s 29 155910 92 Aggregate amount of actual expenditures during the year in cash 3569975 79 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 6185843 00 Premiums received gross 71692 99 Losses paid 70 46296 73 Losses incurred BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Risks 3969368 00 Premiums Km Losses 3j08 55 606 64 Tax GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Kuodks Browne President Wa C Ooart Secretary W P Pattillo Atlanta Ga Attorney for Service in Gegrgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 300000 H 300000 00 300000 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 tirst liens on the fee simple 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 11 Total par and market value and amount loaned thereon 13 Cash belonging to the company deposited in bank National Bank of Columbus4783778 193575 00 81841 44 473110 50 6804i 20COMPTROLLERGENERALS REPORT 47 Mercantile National Bank of New York 152173 total Total cashitems 49359 46 14 Amount of premium notes upon which policies have been is sued 16 17 11 16 18 19 20 23 24 Life insurance account Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents duo and accrued due from other companies for reinsurance on losses already paid Alexandria Ins Co 0361 Equi table Ins Co 35700 Piedmont Ins Co 44448 Law Union and Crown 4681 Total assets of the company actual cash market value IIILIABILITIES Gross losses in process of adjustment or in sus pense including all reported and supposed losses 33813 75 Losses resisted including interest costs and other expenses thereon 6767 68 Total gross amount of claims for losses 40581 43 Deduct reinsurance thereon 6765 06 Net amount of unpaid losses Gross premiums without any deduction received and receivable upon all unexpired tire risks running one year or less from date of policy 176141 34 Unearned premiums fltty per cent 88070 67 Gross premiums without any deduction received and receivable upon all unexpired fire risks running more than one year from date of pol icy 22590173 unearned premiums pro rata 120108 14 Total unearned premiums as computed above carried out Dividends declared and remaining unpaid or uncalled for Amount of borrowed money 4 per cent account All other demands against the company absolute and contin gent due and to become due admitted and contested viz outside reinsurance Total Total amount of all liabilities except capital stock scrip and net surplusi Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital pjaid up and net surplus IVINCOME DURING THB Y KAB On Fire Risks Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 60235 22 Deduct amount of same not collected 3487 41 Net collected 56747 81 49359 46 2537 51 96 20 51391 13 1551 90 922339 34 33816 37 208178 81 287 00 5838 53 262 72 248383 43 300000 00 3739V 91 9223148 COMPTROLLERGENERALS REPOR1 4 Gross premiums on risks written and renewed during the year 375044 10 Total 431791 91 Deduct premiums and bills in course of collection at this date 66767 81 31 Entire premiums collected during the year 375024 10 Deduct reinsurance and return premiums 131007 93 Net cash actually received for premiums carried out 244016 17 Received for interests and dividends on stocks and bonds col lateral loans and from all other sources 36 299 84 Total 28 i316 01 VEXPENDITURES DURING THE TEAR 0n rire Risks 1 Gross amount actually paid for losses including 1292487 losses occurring in previous years 185821 25 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 37 508 62 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 2400000 extra special 7200000 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 sta tionery and legal expenses Aggregate amount of actual expenditures during the year in cash Businets in the Slate of Georgia during the Year Eire marine and inland risks written Premiums received gross Losses paid Losses incurred 148312 63 96000 00 34957 52 52474 00 13406 21 5787 36 350937 72 Fire Risks 45921 44 60806 89 32859 34 35494 99 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1802 Risks Premiums Losses Tax 3750400 00 69637 70 28498 26 596 37COHPTROLLERGENERALS REPORT 49 GERMAN AMERICAN FIRE INSURANCE CO OF NEW YORK Wm N Kkemer President Charles G Smith Secretary Principal Office Liberty and Nassau Streets New York City W L Reynolds Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 1 Market value of real estate owned by the company less amount of incumbrances thereon 15000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 13000 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 173 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 8000 00 5 Value of buildings mortgaged insured for 13000 as collateral 14000 00 6 Total value of said mortgaged premises carried inside 22000 00 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 8171550 00 12 Cash in companys principal office 5182 42 13 Cash belonging to the company deposited in bank Natl Bk of Commerce of N Y 20064599 Ger man American Bk of N Y 1582475 Natl City Bk of NY 102764 Merchants Trust Co ofN Y 21963028 Corn Exchange Natl Bk of Chicago 2655830 Anglo California Bk lim ited of San Francisco 775041 Union Trust Co San Francisco 443864 total 475875 91 16 17 Total cash items Interest accrued on bank balances Cash in hands of agents and in course of transmission Total assets of the company actual cash market value IIILIABILITES 1 Losses not due and unpaid 130653 00 2 Gross Losses in process of adjustment or in sus pense including all reported and supposed losses 375996 00 3 Losses resisted including interest costs and other expenses thereon 82590 00 4 Total gross amount of claims for losses 589239 00 5 Deduct reinsurance thereon 66727 00 481058 33 5110 27 783565 42 9419457 02 6 Net amount of unpaid losses 4 in 522512 0050 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction received and receivable upon all unexpired fire risks run ning one year or less from date of policy 2501 652 45 unearned premiums fifty per cent 1250826 22 8 Gross premiums without any deduction received and receivable upon all unexpired fire risks run ning more than one year from date of policy 348651553 unearned premiums pro rata 1868840 40 11 Total unearned premiums as computed above carried out 3109666 62 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 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 become due to agents and brokers on premiums paid and in course of collection 15082029 return premiums 406860 rein surance 12539183 total 13861 38 280280 72 20 21 23 24 Total amount of all liabilities except capital stock scrip and net surplus 3926320 72 Joint stock capital actually paid up in cash 1000000 00 Surplus beyond capital and other liabilities 4493186 30 Aggregate amount of all liabilities including capital paid up and net surplus 9419467 02 IVINCOME DURING THE TEAR On Fire Risks Gross premiums and bills in course of collection at close of last previous year as shown by that 2 3 4 5 6 7 years statement 620517 28 Deduct amount of same not collected 1331 38 Net collected 619185 90 Gross premiums on risks written and renewed during the year 6009155 07 Total 6628340 97 Deduct premiums and bills in course of collection at this date 751794 5 Entire premiums collected during the year 5876546 40 Deduct reinsurance and return premiums 55679976 2396794 50 10 11 15 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 3479751 90 520 00 319439 73 Aggregate amount of income actually received during the year in cash 711 63COMPTROLLERGENERALS REPORT 51 YEXPENDITURES DURING THE YEAR On Fire Risks Gross amount actually paid for losses including 31995737 losses occurring in previous years2698314 76 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 18440 and all amounts actually received for reinsurances in other companies 78631403 total deductions 799754 03 3 Net amount paid during the year for losses 1898560 73 1898560 73 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 300000 00 6 Paid for commissions or brokerage 590407 99 7 Paid for salaries lees and other charges of officers clerks agents and all other employes 195011 76 8 Paid for State national and local taxes in this and other States 102439 11 9 All other payments and expenditures viz Stationery adver tising traveling general and special agents etc total 338434 57 Aggregate amount of actual expenditures during the year in cash 3424854 16 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 4365941 00 Premiums received gross 61966 21 Losses paid 56632 27 Losses incurred 67626 27 BUSINESS IN GEORGIA TOR TEAR ENDING APRIL 30 1902 Risks Premiums Losses Tax 4594014 23 67709 07 49582 45 677 09 GERMAN FIRE INSURANCE COMPANY OF FREEPORT ILL C O Collmann President William Trembor Secretary Principal office Nos 9 11 and 13 N Galena Ave ICAPITAL L Whole amount of capital stock 500000 00 500000 00 2 Amount paid up in cash 200000 00 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 89263 25 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1S15764 18 3 Interest due on all said bond and mortgage loans 7 47154 interest accrued thereon 1747363 total 54945 1752 COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of build ings and perishable improvements 3611675 00 5 Value of buildings mortgaged insured for 34001500 as collateral107850 00 6 Total value of said mortgaged premises car ried inside 5319525 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1318421 09 11 Total par and market value of stocks bonds and all other other securities except mortgages and amount loaned thereon 11700 00 13 Cash belonging to the company deposited in German Bank of Freeport 111 13508263 First National Bank of Freeport 111 7303998 State Bank of Freeport 111 57696 30 cash in office 2875515 total cash items 294574 06 15 Interest due and accrued on stocks not included in mar ket value uncollected 16531 40 16 Interest due and accrued on collateral loans and uncol lected 386 16 17 Cash in hands of agents and in course of transmission 385S70 37 18 Bills receivable not matured taken for fire marine and inland risks 58213 62 Total assets of the company actual cash market value 4045669 30 IIILIABILITIES 1 Losses due and unpaid 79027 46 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 88999 27 3 Losses resisted including interest costs and other expenses thereon 16750 00 4 Total gross amount of claims for losses 184776 73 5 Deduct reinsurance thereon 15219 56 6 Net amount of unpaid losses 169557 17 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 124175433 unearned pre miums fifty per cent 620877 16 8 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 316919218 unearned pre miums pro rata1735777 01 11 Total unearned premiums as computed above carrie out 2356654 17 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 80963 61COMPTROLLERGEXERALS REPORT 53 18 Amount of borrowed money retained for reinsurance company 63218 89 20 Total amount of all liabilities except capital stock scrip and net surplus 2670393 84 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 1175275 46 24 Aggregate amount of all liabilities including capital paid up and net surplus 4045669 30 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 364001 87 2 Deduct amount of same not collected 3922 15 3 Net collected 360079 72 4 Gross premiums on risks written and re newed during the year2862435 88 5 Total3222515 60 6 Deduct premiums and bills in course of coi tion at this date 444083 99 7 Entire premiums collected during the year 2778431 61 8 Deduct reinsurance and return premiums 585053 03 9 Net cash actually received for premiums car ried out 2193378 58 2193378 58 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 142810 05 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1 99839 worthless notes 125355 profit on sale of ledger assets during the year over book values 673011 total 9982 05 15 Aggregate amount of income actually received during the year in cash 2346170 68 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 10130456 losses occurring in previous years1315420 68 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 578716 and all amounts actually received for reinsurances in other companies 15602365 total deductions 161810 81 3 Net amount paid during the year for losses 1153609 87 1153609 87 4 Cash dividends actually paid stockholders amount of stockholdersdividends declared during the year 50000 00 6 Paid for commissions or brokerage 576499 66 54 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 115684 05 8 Paid for State national and local taxes in this and other States 48989 84 9 All other payments and expenditures viz Field and ad justing expenses 4715270 printing and stationery 2973467 revenues 582482 freight 699196 post age 916423 furniture and maps 701779 premium paid on bonds 39150 miscellaneous 43713 43 total 149991 10 Aggregate amount of actual expenditures during the year in cash 2094774 52 Business in the State of Georgia During the Year Fire Ritks Fire marine and inland risks written 1703423 00 Premiums received gross 15840 36 Losses paid 270 49 Losses incurred 1770 49 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1278131 00 Premiums 18495 61 Losses 1834 79 Tax 184 95 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y Hugo Schumann President Chas Ruykhaver Secretary Principal office 624 William St N Y S C Williams Attorney for Service in Georgia 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 incumbrance thereon 667324 27 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 383500 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 9012 92 4 Value of lands mortgaged exclusive of buildings and perishable improvements 236500 00 5 Value of buildings mortgaged insured for 376500 as collateral 419500 00 Total value of said mortgaged premises carried inside 656000 00 9 Total par and market value account of stocks and bonds owned absolutely by the company carried out at mar ket vaue 3882439 25COMPTROLLERGENERALS REPORT 55 12 Cash in companys principal office 12441 83 13 Cash belonging to the company deposited in bank National Park Bank N Y 2422127 GermanAmerican Bank N Y 9607689 First Nat Bank Chicago Ills 3541738 total 155715 54 Total cash items 168157 37 17 Cash in hands of agents and in course of transmission 289122 20 All other assets both real and personal Rents due and accrued 222165 cash in hands of Department Mana gers 2820795 30429 60 Total assets of the company actual cash market value 5429985 61 IIILIABILITIES 1 Losses due and unpaid 53379 51 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 62641 91 3 Losses resisted including interest costs and other expenses thereon 11755 00 4 Total gross amount of claims for losses 127776 42 5 Deduct reinsurance thereon 23141 17 6 Net amount of unpaid losses 104635 25 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 92746539 unearned premiums fifty per cent 463732 70 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 248307842 unearned pre miums pro rata 1318396 33 11 Total unearned premiums as computed above carried out 1782129 03 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due on premiums paid and in course of collection 58773 82 20 Total amount of all liabilities except capital stock scrip and net surplus 1945538 10 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 2484447 51 24 Aggregate amount of all liabilities including capital paid up and net surplus 5429985 6156 COMPTROLLERGENERALS REPORT 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 229387 32 3 Net collected 229 387 32 4 Gross premiums on risks written and renewed during the year2132573 54 Total 2361960 86 6 Deduct premiums and bills in course of col lection at this date 289122 20 7 Entire premiums collected during the year 2072838 66 8 Deduct reinsurance and return premiums 402359 65 9 Net cash actually received for premiums carried out 1670479 01 10 Received for interest on bonds and mortgages 18316 36 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 148267 76 15 Aggregate amount of income actually received during the year in cash5 1837063 13 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 9328475 losses occurring in previous yearsI 899312 42 2 Deduct all amounts actually received for salv ages whether on losses of the last or of pre vious year 126384 and all amounts actu ally received for reinsurances in other com panies 12869435 Total deductions 129958 19 3 Net amount paid during the year for losses 769354 23 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 150000 00 6 Paid for commissions or brokerage 344 327 65 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 141 3gg 10 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents adver tising agency and office expenses fire patrol printing and stationery postage and express traveling and board exPenses 94665 20 41698 99 Aggregate amount of actual expenditures during the yearincash 1541434 17 Ilioness in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Fire Kisks 1673350 00 23137 30COMPTROLLERGENERALS REPORT 57 Losses paid 39223 25 Losses incurred 40985 45 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1766648 00 Premiums 24709 74 Losses 22213 55 Tax 247 09 GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y J L Cunningham President R A Little Secretary Principal office Corner Glen and Bay Streets Glens Falls N Y O F Simpson Atlanta Ga Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 11 IIASSETS 1 Market value of real estate owned by the company less the amount of encumbrances thereon 2 Loans on bond and mortgage dulyrecorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 365207 interest accrued thereon 47229 total 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Total par and market value of stocks and bonds and all other securities except mortgages and amount loaned thereon 12 Cash in companys principal offices 6376 12 13 Cash belonging to the company deposited in bank Fist Natl Glens Falls 53512941 First Natl Chicago 2416075 Cleveland Trust Co Cleveland O 1155087 State Sav and Loan Co Cleveland O 1025000 Cleveland Sav and Banking Co 500000 total 58609103 Total cash items 93710 00 995552 29 4124 36 1717760 00 4000 00 592467 15 15 Interest due and accrued on stocks not included in mar ket value uncollected 7541 53 17 Cash in hands of agents and in course of transmission 131677 20 Total assets of the company actual cash market valueS 3549432 53 IIILIABILITIES Losses due and unpaid 22380 37 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 47861 0058 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest costs and other expenses thereon 14730 00 4 5 6 7 11 17 19 Total gross amount of claims for losses 84971 37 Deduct reinsurance thereon 18722 99 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 46256637 unearned premiums fifty per cent 231283 18 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from dateof policy 150512159 unearned premi ums prorata 790768 86 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 66248 38 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 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 RIskB 4 Gross premiums on risks written and renewed during the year 1256906 85 8 Deduct reinsurance and return premiums 273397 81 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 15 1022052 04 10000 00 19999 1 1118299 57 200000 00 2231132 96 3549432 53 983509 04 63833 27 109330 87 2876 99 Aggregate amount of income actually received during the year in cash 1159550 17 VEXPENDITURES DURING THE YEAR On Fire Risks Gross amount actually paid for losses includ ing 4521000 losses occurring in previous years 617044 44COMPTROLLERGENERALS REPORT 59 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 189767 and all amounts actually received for reinsurances in other companies 7693030 total deductions 78827 97 3 Net amount paid during the year for losses 538216 47 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 229772 60 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 65550 91 8 Paid for State national and local taxes in this and other States 52993 27 9 All other payments and expenditures viz Stationery traveling advertising etc total 70231 42 Aggregate amount of actual expenditures during the year in cash 1056764 67 Business in the State of Georgia during the Year Fire Risks Fire marine and inland risks written 2240729 00 Premiums received gross 26961 10 Losses paid 6895 03 Losses incurred 8189 03 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 2244556 00 Premiums 29671 14 Losses 15365 90 Tax 296 71 GREENWICH INSURANCE COMPANY OF NEW YORK N Y Mason A Stone President John Keegan Secretary Principal Office 161 Broadway Henry S Jackson Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock200000 00 2 Amount paid up in cash 200000 00 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 340000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1388825 00 12 Cash in companys principal office 1565 15 13 Cash belonging to company deposited in bank National Broadway Bank 3610 32 Merchants Exchange National Bank 14044 09 Total cash items 19219 5860 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in market value uncollected 500 00 17 Gross premiums as written in the policies in course of collection on policies written within three months 307002 3 18 Bills receivable not matured taken for fire marine and inland risks 13102 57 All other assets both real and personal as per schedule attached viz Due from other4companies for reinsur ance on losses already paidMunich Reinsurance 352596 Capital of New Hampshire 8125 Citizens of New York 100039 Hamilton of New York 1 28442 LaFayette of New York 8183 Palatine of England 1096 Orient of Hartford 625 Phenix of Brooklyn 1443 Lion of England 360 Hamburg Bremen of Germany 13908 Merchants of New Jer sey 150 Security of New Haven 38462 National of Hartford 3274 Firemens of Newark 0 91 Nas sau of Brooklyn 8956576 89 2075226 41 Deduct doubtful assets 5000 00 Total assets of the company actual cash market value 2070226 41 IIILIAHILITES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 238075 93 3 Losses resisted including interest costs and other expenses thereon 32515 66 4 Total gross amount of claims for losses 270591 59 5 Deduct reinsurance thereon 25518 25 6 Net amount of unpaid losses 245073 34 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 103425101 unearned premiums fifty per cent 517125 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 130438025 unearned premiums pro rata 735669 25 9 Gross premiums without any deduction in cluding both cash and bills received and re ceivable upon all unexpired inland navigation and marine risks 10845831 54 229 15 11 Total unearned premiums as computed above carried out 1307023 90 Amount reclaimabie by the insured on perpetual fire in surance policies being 910 per cent of the premium or deposit received 931 50COMPTROLLERGENERALS REPORT 61 18 Amount of borrowed money 112000 00 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 5000 commissions brokerage and other charges due and to become due on premiums paid and in course of collec lection 37500 return premiums 1165791 reinsur ance 1385811 bills payable 152526 total 69541 28 20 Total amount of all liabilities except capital stock scrip and net surplus 1734570 02 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 135656 39 24 7 8 9 11 12 13 Aggregate amount of all liabilities including capital paid up and net surplus 2070226 41 IVRECEIPTS DURING THE YEAR Gross premiums and bills unpaid Marine and at close of last year as shown by Fire inland income 6 of that years statement 295354 45 18727 14 Deduct amount of same not col lected 2303 21 180 00 18547 14 Net collected 29305124 Gross premium on risks written and renewed during the year 2052652 10 218870 25 Total 2345703 34 237417 39 Deduct gross premiums and bills in course of collection at this date 302156 86 8838 65 Entire premiums collected during the year 2043546 48 228578 74 Deduct reinsurance 27904437 rebate abatement and return premiums 534089 93 25783 66 Net cash actually received for premiums carried out 1509456 55 202795 08171225163 Received for interest and dividends on stock and bonds collateral loans and from all other sources 50599 49 Received for rents 16955 32 Income received from all other sources viz Profit on sale of assets 38329 38 Aggregate amount of receipts actually received during the year in cash 1818135 82 V DISBURSEMENTS DURING THE YEAR Gross amount actually paid for Marine and losses including15151429 loss Fire Inland es occurring in previous years1084729 09 118640 702 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of previous years 2415358 and all amnts actually received for reinsur ance in other companies 152 91962 total deductions 163166 10 13907 10 3 Net amount paid during the year for losses 921562 99 104733 60 1026296 59 4 Cash dividends actually paid stockholders 20000 00 6 Paid for commissions or brokerage 365751 95 7 Paid for salaries fees and all other charges of officers clerks agents and all other employes 150585 23 8 Paid for State and local taxes in this and other States 36180 76 9 All other payments and expenditures viz Insurance de partment fees 1050785 rent 12000 advertising print ing and stationery 1650323 furniture and fixtures 13427 repairs to real estate 41282 miscellaneous 153 34457 total 192902 74 Aggregate amount of actual expenditures during the year in cash 1791717 27 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks 2285534 00 Premiums received gross 36772 73 Losses paid 27449 64 Losses incurred 28536 49 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 2694474 00 Premiums 41393 31 Losses 35571 02 Tax 413 93 HAMBURGBREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY H Muhncmeyer President S V Dorriex Managing Director Principal office No 4 Neuburg Hamburg Germany W F Pattillo Atlanta Attorney for Service in Georgia icapital 1 Whole amount of capital stock 1750000 00 525000 00 2 Amount paid up in cash 525000 00 IIassets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1352025 00 11 Total par and market value and amount loaned thereon 30000 00COMPTROLLERGENERALS REPORT 63 13 Cash belonging to the company deposited in bank Bank of America New York N Y 83214 90 Total cash items 17 Cash in hands of agents and in course of transmission 83214 90 129756 48 Total assets of the company actual cash market value 1594996 38 IIILIABILITIES 1 Losses due and unpaid 14665 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 72170 00 3 Losses resisted including interest costs and other expenses thereon 20100 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 106935 00 5550 00 e Net amount of unpaid losses 101385 00 101385 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 105515980 unearned premiums fifty per cent 527579 90 8 Gross premiums without any deduction re received and receivable u pon all unexpired fire risks running more than one year from date of policy 104133631 unearned premiums pro rata 576076 90 11 Total unearned premiums as computed above carried out 1103656 80 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 35271 18 Total 1240312 98 23 Surplus beyond capital and all other liabilities 354683 40 24 Aggregate amount of all liabilities including capital paid up and net surplus 1594996 38 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 128894 94 3 Net collected 128894 94 4 Gross premiums on risks written and renewed during the year 1769302 48 5 Total 1898197 4264 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 129756 48 7 Entire premiums collected during the year 1768440 94 8 Deduct reinsurance and return premiums 333577 42 9 Net cash actually received for premiums carried out 1434863 52 1434863 52 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 51813 91 15 Aggregate amount of income actually received during the year in cash 1486677 43 VEXPENDITURES DURING THE YEAR On Fire Kisks 1 Gross amount actually paid for losses in cluding 4012054 losses occurring in previous years 955317 06 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous years 835321 and all amounts actually received for reinsurances in other companies 4763872 Total deductions 5599193 3 Net amount paid during the year for losses 899325 13 6 Paid for commissions or brokerage 270435 66 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 121238 90 8 Paid for State national and local taxes in this and other States 39551 45 9 All other payments and expenditures viz Rents local board and fire patrol assessments stationery advertising printing postage telegrams expressage traveling ex penses etc 88396 12 10 Amount sent to home office during the year 60054 86 Aggregate amount of actual expenditures during the year in cash 1418947 26 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 1723455 00 Premiums received gross 32448 40 Losses paid 32401 38 Losses incurred 33966 38 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1503948 00 Premiums 27506 33 Losses 21177 58 Tax 275 06COMPTROLLERGENERALS REPORT 65 HANOVER FIRE INSURANCE COMPANY OF NEW YORK Charles A Shaw President Joseph McCoed Secretary Principal office 34 Pine Street F A McCarroll Atlanta Attorney for Service in Georgia 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 3500 00 3 Interest due on all said bond and mortgage loans in terest accrued thereon 14 58 4 Value of lands mortgaged exclusive of build ings and perishable improvements 2500 00 5 Value of buildings mortgaged insured for 3 50000 as collateral 5000 00 6 Total value of said mortgaged premises car ried inside 7500 00 9 Total par and market value of bonds and stocks owned ab solutely by the company carried out at market value 2356299 24 12 Cash in companys principal office 80307 54 13 Cash belonging to the company deposited in bank Bank of America 1065710 German American 444796 Central Trust Co 35 44325 Guarantee Trust and Safe Deposit Co Philadelphia 20000 total 50748 31 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 All other assets both real and personal viz Rents due and accrued 129999 due from other companies for rein surance on losses already paid 3339160 total 131055 85 15587 50 317066 15 34694 59 Total assets of the company actual cash market value 3308217 91 IIILIABILITIES 1 Losses due and unpaid 111260 56 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 154857 23 5 in8 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest costs and other expenses thereon 69767 64 4 Total gross amount of claims for losses 335885 43 5 Deduct reinsurance thereon 10353197 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 133498584 unearned premiums fifty percent 667492 92 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 144002404 unearned pre miums prorata 769781 84 232353 46 8 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 reinsurance 71 viz Return premiums 199562 70053 total 1437274 76 73696 15 20 Total amount of all liabilities except capital stock scrip and net surplus 1743324 37 21 Joint stock capital actually paid up in cash 1000000 00 23 Suiplus beyond capital and all other liabilities 564893 54 24 Aggregate amount of all liabilities including capital paid up and net surplus 3308217 91 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in cou rse of collection at close of last previous year as shown by that years statement 298991 47 2 Deduct amount of same not collected 4904 89 3 Netcollected 294086 58 4 Gross premiums on risks written and renewed during the year 2747205 77 5 Total 3041292 35 6 Deduct premiums and bills in course of collec tion ac this date 394235 24 7 Entire premiums collected during the year2647057 11 8 Deduct reinsurance and return premiums 849046 21 9 Net cash actually received for premiums car ried out 1798010 90 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 1798010 90 175 00 86807 83COMPTROLLERGENERALS REPORT 67 12 Income received from all other sources omitting increase if any in value of securities 10231 83 Profit and loss 48984 92 15 Aggregate amount of income actually received during the year in cash 1944210 48 VEXPENDITURES DURING THE YEAR On Fire Kisks 1 Gross amount actually paid for losses includ ing 22627178 losses occurring in previous years 1420374 46 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1124994 and all amounts actually received for reinsurances in other companies 22227209 tolal deductions 233522 03 4 Net amount paid during the year for losses 1186852 43 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 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 15 93700 printing and stationery 1824374 other ex penditures 10656651 total 1186852 43 80000 00 358691 19 132280 10 56870 41 140747 25 Aggregate amount of actual expenditures during the yearincash 1955441 38 Business in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Lossespaid Losses incurred FiTe Kisks 1967675 00 35632 38 15411 53 22145 43 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 2824629 00 Premiums 39193 27 Losses 13612 12 Tax 391 93 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN George L Chase President P C Royce Secretary 53 Trumbull street Hartford Thos Egleston Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1250000 00 2 Amount paid up in cash 1250000 0068 COMPTROLLERGENERALS REPORT 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 377495 interest accrued thereon 753390 4 Value of lands mortgaged exclusive of buildings and perishable improvements 5 Value of buildings mortgaged insured for n7 nn 600700 as collateralj 01Z350 00 6 Total value of said mortgaged prem ses carried insideJ 9 Total par and market value of bonds owned by the com pany carried out at market value 11 Total par and market value of bonds stocks and all other securities except mortgages and amount loaned thereon 12 Cash in companys principal office 47160 57 13 Cash belonging to the company deposited in bank Hartford National 15849227 Amer ican National 10712322 Connecticut Trust and Safe Deposit Co 21702542 J P Mor gan Co New York 1759385 Imperial Toronto Ont 41489 Illinois Trust Savings Bank Chicago 7137832 Crocker Wool worth National San Francisco 1168456 AngloCalifornian 932119 American Ex change National N Y 1889180 U S Mortgage Trust Co N Y 25000 total 877999 63 Total cash items 16 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 148342 due from other companies for reinsurance on losses already paid 1644329 Printing plant 942500 00 793200 00 11305 85 8132555 91 4800 00 725160 20 47 72 1631580 06 17926 71 24738 3 Total assets of the company actual cash market value This form less as per New York law 12283814 81 24738 36 12259076 45 IIILIABILITIES 1 Losses unpaid not yet due 309182 26 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 723618 06COMPTROLLERGENERALS REPORT 69 11 19 20 SI 23 24 Losses resisted including interest costs and other expenses thereon 63591 01 Total gross amount of claims for losses 1096391 33 Net amount of unpaid losses 1096391 33 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 579513472 unearned premiums fifty per cent2897567 36 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 774363640 unearned pre miums prorata3900937 32 Total unearned premiums as computed above carried out 6798504 68 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions 113325 00 Total amount of all liabilities except capital stock scrip and net surplus 8008221 01 Joint capital stock actually paid up in cash 1250000 00 Surplus beyond capital and all other liabilities 3000855 44 Aggregate amount of all liabilities including capital paid up and net surplus 12259076 45 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 1378541 52 2 Add difference 1900 and 1901 253038 54 3 Net collected 1631580 06 4 Gross premiums on risks written and re newed during the year11614027 12 5 Total 13245607 18 6 Deduct premiums and bills in course of col lection at this date 1161580 06 7 Entire premiums collected during the year 11614027 12 8 Deduct reinsurance and return premiums 1960244 09 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 Conscience money 10200 agency balance previously marked off 7772 total 15 Aggregate amount of income actually received during the 9653783 03 39807 36 320025 82 17399 92 179 72 year in cash 10031195 8570 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAK On Fire Risks 1 Gross amount actually paid for losses in cluding 58124146 losses occurring in pre vious years5634638 25 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 compa nies 39181534 total deductions 391815 34 3 Net amount paid during the year for losses 5242822 91 4 Gash dividends actually paid stockholders amount of stockholders dividends declared during the year 400000 00 6 Paid for commissions or brokerage 1707772 30 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 567851 S3 8 Paid for State national and local taxes in this and other States 198288 82 9 All other payments and expenditures viz Miscellaneous 1096635 53 10 Aggregate amount of actual expenditures during the year in cash 921337130 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 9133206 00 Premiums received gross 164417 31 Losses paid 106709 98 Losses incurred 124602 39 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks10778873 00 Premiums 184934 01 Losses 73409 62 Tax 1849 34 HOME INSURANCE COMPANY OF NEW YORK N Y John H Washburn President Areunah M Burtis William H Cheney Secretaries Principal office 119 Broadway New York N Y J W Pearce Atlanta Attorney for Service in Georgia I CAPITAL 1 Whole amount of capital stock 3000000 00 2 Amount paid up in cash 3000000 00 iiasbets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1633892 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 128750 00COMPTROLLERGENERALS REPORT 71 3 Interest due on all said bond and mortgage loans 30500 interest accrued thereon 228200 total 2587 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 168950 00 5 Value of buildings morgaged insured for 12530000 as collateral 144900 00 6 Total value of said mortgaged premises carried inside 313850 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11924960 00 13 Cash belonging to company deposited in bank American Exchange National Bank 34081468 National Bank of N America 16093079 Hanover National Bank 12917721 Continental Trust Company 11259433 total 743517 01 Total cash items 743517 01 15 Interest due and accrued on stocks not included in market value uncollected 51076 04 17 Cash in hands of agents and in course of transmission 770905 37 18 Bills receivable not matured taken for Are marine and inland risks 182 25 Total assets of the company actual cash market value 15255869 73 IIILIABILITIES 1 Losses due and unpaid 179537 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1170449 05 3 Losses resisted including interest costs and other expenses thereon 68187 65 4 Total gross amount of claims for losses 1418173 70 5 Deduct reinsurance thereon 646533 02 6 Net amount of unpaid losses 771640 68 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 361672300 un earned premiums fifty per cent 1808362 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 5779984 unearned premiums pro rata 3016762 00 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 26293200 unearned premiums 5 per cent 131466 0072 COMPTROLLERGENERALS REPORT 10 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 104087 00 11 Total unearned premiums as computed above carried out 5060677 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission or premiums in course of collection 6167678 reinsurance 45553239 517209 17 Total 6349526 85 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liabilities 5906342 88 24 Aggregate amount of all liabilities including capital paid up and net surplus 15255869 73 1 Amount of unearned premiums represented by installment notesbeing the whole amount of such notes 995394 57 IVINCOME DURING THE YEAR On Marine and On Fire Risks Inland Kisks 1 Gross premiums and bills in course of collection at close last previous year as shown by that years statement 520227 07 95248 04 3 Net collected 520227 07 95248 04 4 Gross premiums on risks writ ten and renewed during the year 8524049 00 561216 69 5 Total 9044276 07 656464 73 6 Deduct premiums and bills in course of collection at this date 647196 10 138772 85 7 Entire premiums collected during the year 8397079 97 517691 88 8 Deduct reinsurance and re turn premiums 2845922 46 286823 23 9 Net cash actually received for premiums carried out 5551157 51 230868 65 5782026 16 10 Received for interest on bonds and mortgages 8954 91 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 427050 80 12 Income received from all other sources omitting increase if any in values of securities 197 187 20 Profit and loss 57 168 09 15 Aggregate amount of income actually received during the year in cash 6472387 16COMPTROLLERGENERALS REPORT 73 VEXPENDITURES DURING THE YEAR On Marl Tie and On Fire Risks Inland Kisks 1 Gross amount actually paid for losses including 640 275 39 losses occurring in previous years 4378098 80 280819 81 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3012046 and all amounts actually received for rein surances in other com panies 155012546 total deductions 1405520 16 174725 76 3 Net amount paid during the year for losses 2972578 04 106094 05 3078672 69 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the yearj 390000 00 6 Paid for commissions or brokerage 1037663 19 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 409784 80 8 Paid for State national and local taxes in this and other States 163630 85 9 All other payments and expenditures viz Rents 56 98296 advertising printing stationery postage trav eling express incidentals etc 42233384 total 479316 80 Profit and loss account 89213 89 Aggregate amount of actual expenditures during the year in cash 5668282 32 Business in the Slate of Georgia During the Fear Fire Risks Fire marine and inland risks written 10532979 00 Premiums received gross 129511 85 Losses paid 89566 79 Losses incurred 100850 01 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 10779016 00 Premiums 138214 27 Losses 92967 11 Tax 1382 1474 COMPTROLLERGENERALS REPORT IMPERIAL INSURANCE COMPANY LIMITED OF LONDON ENGLAND Henry White Cannon William Augustus Read i Trustees Richard Litton Edwards Principal office in U S 3133 Pine St New York City Jacob Haas Attorney for Service in Georgia icapital stock 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 476634 70 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1099232 50 12 Cash in companys principal office 1039 30 13 Cash belonging to company deposited in bank International Trust Co Boston Mass 1361655 Canadian Bank of Com merce San Francisco Cal864804 Na tional Bank of Illinois Chicago 111 7 90091 J P Morgan Co New York City N Y 240074 Union Trust Co New York City N Y 325824 Chase National Bank New York City N Y 2547451 total 61299 02 Total cash items g2 333 32 15 Interest due and accrued on stocks not included in market value uncollected 7 g66 66 17 Cash in hands of agents and in course of transmission gross 18903239 less commission due on premiums in course of collection 4102144 148010 95 All other assets both real and personal viz Rents due and accrued 154249 due from other companies for reinsurance on losses already paid 1 542 49 Total assets of the company actual cash market value 1795625 62 IIILIABILITIES 1 Losses due and unpaid 44 754 35 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 63jll4 20COMPTROLLERGENERALS REPORT 75 17705 00 3 Losses resisted including interest costs and other expenses thereont 4 Total gross amount of claims lor losses 125573 56 5 Deduct reinsuranee thereon 6398 24 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 84365216 unearned pre miums fifty per cent 421826 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 89473343 unearned premiums pro rata 469729 01 11 Total unearned premiums as computed above carried out 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Statutory deposits with the New York Insurance Depart ment 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 226565 50 3 Net collected 226565 50 4 Gross premiums on risks written and re newed during the year 1580303 67 5 Total 1806869 17 6 Deduct premiums and bills in course of col lection at this date 200949 87 7 Entire premiums collected daring the year 1605919 30 8 Deduct reinsurance and return premiums 425153 59 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 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 14 Amount of remittances from home office during the year 119175 32 891555 09 1010730 41 286000 00 498895 21 1795625 62 1180765 71 39211 83 26609 07 153273 86 15 Aggregate amount of income actually received during the year in cash 1399860 4776 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR i f On Fire Risks 1 dross amount actually paid for losses in cluding 10363721 losses occurring in pre vious years 934193 74 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 949396 and all amounts actually received for reinsurances in other companies 7361794 total deductions 83111 90 3 Net amount paid during the year for losses 851 081 84 6 Paid for commissions or brokerage 231 245 13 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 92 322 31 8 Paid for State national and local taxes in this and other States 43022 86 9 All other payments and expenditures viz Bents 7 33143 real estate expenses 2616913 advertising printing and stationery 1055174 legal expenses 110100 furniture and fixtures 708439 Board Assessments 2015479 postage telegrams and ex press 1267873 special agents traveling expenses 1849776 miscellaneous 953833 total 113107 30 10 Amount sent to home office during the year 91104 50 Aggregate amount of actual expenditures during the year in cash 1421883 94 Business in the State of Georgia During the Year Fire Risks tire marine and inland risks written 1284740 00 Premiums received gross 22 302 0 0ssespaid 15514 52 Losses incurred 18 09c c9 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 1Sk8 1295244 00 TPremmmS 1481829 laX 14818 INSUBANCE COMPANY OF NORTH AMEBICA Charles Platt President Greville E Fryer Secretary Principal office 232 Walnut Street Philadelphia Pa E S Gay Atlanta Attorney for Service in Georgia icapital 1 Whole amount of capital stock3000000 00 3000000 00 2 Amount paid up in cash 3000000 00COMPTROLLERGENERALS REPORT 77 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 858462 90 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1447623 80 3 Interest due on all said bond and mortgage loans 524736 interest accrued thereon 529569 total 10543 05 4 Value of lands mortgaged exclusive of build ings and perishable improvements1690331 00 5 Value of buildings mortgaged insured for 139788800 as collateral 1862899 00 6 Total value of said mortgaged premises carried inside3553230 00 7 Amount of other loans 4718100 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 5328985 00 11 Total par and market value of bonds stocks and all other securities except mortgages hypothecated as collateral security for cash actually loaned by the company and the amount loaned thereon 77500 00 13 Cash belonging to the company deposited in bank Phila delphia National Bank 64085794 Drexel Co Phila delphia 10000000 Merchants National Bank New York 9606971 Bank of North America Philadelphia 666075 First National Bank Erie Pa 306299 Bank of Montreal Montreal Canada 3233861 Bank of Mon treal St John N B 885783 Bank of Montreal Hal ifax N S 1153455 London and Westminster Bank London 6228349 Brown Shipley Co London 162 04818 Bank of Liverpool Liverpool 2388746 total 1147601 51 17 Cash in hands of agents and in course of collection and transmission 1133835 26 18 Bills receivable not matured taken for fire marine and in land risks 40128 74 All other assets both real and personal viz Bents due and accrued due from other companies for reinsur ance on losses already paid 14909 92 Book accounts due company 19888 32 Total assets of the company actual cash market value 10079478 50 IIILIABILITIES 1 Losses due and unpaid 183686 99 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 604856 70 3 Losses resisted including interest costs and other expenses thereon 37256 31 4 Total gross amount of claims for losses 825800 0078 COMPTROLLERGENERALS REPORT 5 Deduct reinsurance thereon 1900000 and salvage claims 9030000 109300 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy 1316646589 un earned premiums fifty per cent 1583232 94 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 374405376 unearned pre miums pro rata 1966309 70 9 Gross premiums without any deduction in eluding both cash and bills received and receivable upon all unexpired inland nav I igation and marine risks 312251 25 10 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 11 Total unearned premiums as computed above carried out 12 Net premiums reserve and all other liabilities except cap ital under the life insurance or any other special depart ment perpetual department 19 All other demands against the company absolute and con tingent due and to become due admited and contested viz Commissions and brokerages to become due to agents 3600000 book accounts due company 22 98861 total 716500 00 20 3861793 89 769243 60 58988 61 Total amount of all liabilities except capital stock scrip and net surplus 5406526 10 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liablilities 1672952 40 24 Aggregate amount of all liabilities including capital paid up and net surplus10079478 50 IVINCOME DURING THE YEAK On Marine and On Fire Risks Inland Risks 1 Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement 677707 84 306907 16 3 Net collected 677707 84 306907 16 4 Gross premiums on risks written and renewed during the year 5907685 38 2152564 31 5 Total 6585393 22 2459471 47COMPTROLLERGENERALS REPORT 79 6 Deduct premiums and bills in course of collection at this date 875813 30 298150 70 7 Entire premiums collected during the year 5709579 92 2161320 77 8 Deduct reinsurance and return premiums 1220832 96 414724 42 9 Net cash actually received for pre miums carried out 4488746 96 1746596 35 6235343 31 10 Received for interest on bonds and mortgages 88995 12 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 230840 76 12 Income received from all other sources omitting increase if any in value of securities viz Rents 3825220 per petual deposits 2119660 perpetual department fees 166000 total 61108 80 15 Aggregate amount of income actually received during the year in cash 6616287 99 V EXPENDITURES DURING THE YEAR On Marino and On Fire Risks Inland Risks 1 Gross amount actually paid for losses including losses occurring in previous years 3061524 56 1351709 42 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of previous year 13669605 and all amts actually received for reinsur ances in other companies 480 96074 total deductions 247205 31 370451 48 3 Net amount paid during the year for losses2814319 25 981257 94 3795577 19 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 360000 00 6 Paid for commissions or brokerage 1265586 42 7 Paid for salaries fees and other charges of officers clerks agents and oil other employes 398292 81 8 Paid for State national and local taxes in this and other States 162468 04 9 All other payments and expenditures viz Perpetual de posits returned 1657728 rents 2070108 insurance department fees 1789770 municipal licenses 904111 advertising printing and stationery 4248134 legal expenses 751394 repairs and expenses on real estate 1863508 miscellaneous 20963006 total 342477 59 Aggregate amount of actual expenditures during the year in cash 6324402 0580 COMPTROLLERGENERALS REPORT Business in the State of Georgia During the Year Marine andln Fire Risks laud Risks Aggregate Fire marine and inland risks writ ten 7300134 00 10769590 00 18069724 00 Premiums received gross 123915 27 55752 40 179667 67 Losses paid 74719 88 19700 89 94420 77 Losses incurred 72865 84 20000 00 92865 84 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks18385183 00 Premiums 163382 09 Losses 64380 77 Tax 1633 82 LIVERPOOL AND LONDON AND GLOBE FIRE INSURANCE COM PANY OF LIVERPOOL ENGLAND J G Pepper Secretary Principal Office 45 William St New York Brown Hoyt Boston Attorneys for Service in Georgia iiassets 1 Market value of real estate owned by the company less the amount of imcumbrances thereon 1865833 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3009050 00 3 Interest due on all said bond and mortgage loans 80000 interest accrued thereon 345977 total 35659 77 4 Value of lands mortgaged exclusive of buildings and perishable improvements 2865950 00 5 Value of buildings mortgaged insured for 279530000 as collateral 2829653 00 2 13 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Cash in companys principal office 2725 10 Cash belonging to the company deposited in bank 927278 25 3323345 88 Total cash items 930003 35 17 Cash in hands of agents and in course of transmission 1141385 12 All other assets both real and personal viz Rents due and accrued 1000000 other amounts 111390 11113 90 Total assets of the company actual cash market value 10316391 02 IIILIABILITIES 1 Losses d ue and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 6978 39 720000 80COMPTROLLERGENERALS REPORT 81 3 Losses resisted including interest costs and other expenses thereon 72025 00 4 Total gross amount of claims for losses 799034 19 5 Deduct reinsurance thereon 216090 15 6 Net amount of unpaid losses 582914 04 7 Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running one year or less from date of policy 407375792 un earned premiums fifty per cent 2036878 96 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 402350179 unearned premiums pro rata 2266907 26 11 Total unearned premiums as computed above carried out 4303786 22 12 P P liability 315914 19 13 Life liability 81303 88 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due for commissions 178875 52 All other liabilities 253480 66 Total 5716274 51 IVINCOME DURING THE YEAR On Fire Eiska 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 1046168 70 2 Deduct amount of same not collected 2887 69 3 Net collected 1043281 01 4 Gross premiums on risks written and re newed during the year 8199861 84 5 Total 9243142 85 6 Deduct premiums and bills in course of col lection at this date 1162692 98 7 Entire premiums collected during the year 8080449 87 8 Deduct reinsurance and return premiums 2578033 36 9 Net cash actually received for premiums carried out 5502416 51 10 Received for interest on bonds and mortgages 131456 72 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 90546 92 12 Income received from all other sources omitting increase if any in value of securities viz Rents 96447 53 6 in82 COMPTROLLERGENERALS REPORT 14 Amount of remittances from home office during the year 258726 46 15 Aggregate amount of income actually received during the year in cash 5820867 68 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 46990138 losses occurring in previous years 4377085 15 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 4341228 and all amounts actually received for reinsur ances in other companies 56412420 total deductions 607536 48 3 Net amount paid during the year for losses 3769548 67 6 Paid for commissions or brokerage 024924 72 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 344880 35 8 Paid for State national and local taxes in this and other States 15324581 9 All other payments and expenditures 359324 16 10 Amount sent to home office during the year 147350 57 Aggregate amount of actual expenditures during the year in cash 5551923 71 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 9513319 00 Premiums received gross 125389 80 Losses paid 91 383 36 Losses incurred 90790 23 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 7032853 00 Premiums 126037 05 Losses 6770698 Tax 1260 37 LIVERPOOL LONDON GLOBE FIRE INSURANCE COMPANY OF NEW YORK N Y Henry W Eaton President George W Hoyt Secretary Principal office 45 William St New York ICAPITAL 1 Whole amount of capital stock 200000 00 200000 00 2 Amount paid up in cash 200000 00COMPTROLLERGENERALS REPORT 83 IIASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 263693 75 13 Cash belonging to the company deposited in bank Hanover Bank N Y 649464 U S Trust Co 6000000 total 66494 64 Total cash items 66494 64 17 Cash in hands of agents and in course of transmission 65561 24 Total assets of the company actual cash market value 395749 63 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 11770 00 4 Total gross amount of claims for losses 11770 00 5 Deduct reinsurance thereon 1880 00 6 Net amount of unpaid losses 9890 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 10434700 unearned pre miums fifty per cent 52173 54 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 5949054 unearned premiums pro rata 37919 02 11 Total unearned premiums as computed above carried out 90092 56 19 All other demands against the company absolute and con tingent due and to become due admitted and contest ed viz 492906 900000 total 13929 06 20 Total amount of all liabilities except capital stock scrip and net surplus 113911 62 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 81838 01 24 Aggregate amount of all liabilities including capital paid up and net surplus 395749 63 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 46389 41 3 Net collected 46389 41 4 Gross premiums on risks written and re newed during the year 240336 91 5 Total 286726 32 84 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 67701 83 7 Entire premiums collected during the year 219024 49 8 Deduct reinsurance and return premiums 104942 74 9 Net cash actually received for premiums carried out 114081 75 114081 75 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 17036 54 15 Aggregate amount of income actually received during the year in cash 131118 29 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 1792809 losses occurring in pre vious years 103723 85 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 13920 and all amounts actually received for reinsurances in other companies 3401081 total deduc tions 34150 01 3 Net amount paid during the year for losses 69573 84 69573 84 6 Paid for commissions or brokerage 23006 63 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 3839 90 8 Paid for State national and local taxes in this and other States 403436 9 All other payments and expenditures 3748 76 Aggregate amount of actual expenditures during the year in cash 104203 49 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 697647 00 Premiums received gross 10650 48 Losses paid 3214 91 Losses incurred 3224 91 BUSINESS IN GEORGIA POR YEAR ENDING APRIL 30 1902 Risks 392480 00 Premiums 6691 86 Losses 9261 44 Tax 6691COMPTROLLERGENERALS REPORT 85 LONDON ASSURANCE CORPORATION OF LONDON ENGLAND Henby J B Kendall Governor Charles L Case U S Manager Principal office 44 Pine Street New York City icapital 1 Whole amount of capital stock deposit capital 200000 00 IIASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1965363 74 12 Cash in companys principal office 12451 67 13 Cash belonging to the company deposited in bank Canadian Bank of Commerce 5 52986 Bank of New York N B A 147 08697 Brown Bros Co Boston 2000000 Merchants Bank Chicago 370035 Me chanics National Bank 2500 Atlantic Trust Co 245550 total 178797 68 178797 68 15 Interest due and accrued on stocks not included in mar ket value uncollected 5212 49 16 Gross premiums in due course of collection 298128 90 18 Bills receivable not matured taken for fire marine and inland risks 10 27 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 7298 63 Total assets of the company actual cash market value 2467263 38 IIILIABILITIES 1 Losses due and unpaid 19974 38 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 132085 58 3 Losses resisted including interest costs and other expenses thereon 13625 00 4 Total gross amount of claims for losses 165684 96 5 Deduct reinsurance thereon 21326 00 6 Net amount of unpaid losses 144358 9 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 73305558 unearned premiums fifty percent 366527 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 99350892 unearned premi ums pro rata 545753 63 COMPTROLLERGENERALS REPORT 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navigation and marine risks 1870406 fifty per cent 9352 03 10 Gross premiums without any deduction re ceived and receivable on all unexpired ma rine risks 31726 24 11 12 19 Total unearned premiums as computed above carried out Amount reclaimable on perpetual fire insurance policies being 95 per cent of premiums received 17 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 viz Commissions and other charges in course of collec tion 4357409 return premiums 14978 reinsur ance 2917064 Total Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IV INCOME DURING THE TEAR On Marine and On Fire Risks Inland Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 135570 76 23 24 953359 69 152 00 10000 00 72894 51 1180765 16 1286498 22 2467263 38 65829 24 3 Net collected 135570 76 65829 24 4 Gross premiums on risks writ ten and renewed during the year1388925 72 773210 74 5 Total 1524496 48 839039 98 8 Deduct premiums and bills in course of collection at this date 198030 98 100097 92 Entire premiums collected dur ing the year 1326465 50 738942 06 Deduct reinsurance and return premiums 273439 58 374237 49 11 15 Net cash actually received for premiums carried out 1053025 92 364704 57 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 1417730 49 74571 23COMPTROLLERGENERALS REPORT 87 EXPENDITURES DURING THE YEAR On Fire Risks Gross amount actually paid for losses including 14711900 losses occurring in previous years 665370 89 Deduct all amounts actually re ceived for salvages whether on losses of the last or of previous year 1967436 and all amounts actually received for reinsurances in other compa nies 26350775 total deduc tions 91867 41 On Marine and Inland Risks 390515 07 191314 70 3 Net amount paid during the year for losses 573503 48 199200 37 772703 85 6 Paid for commissions or brokerage 296257 57 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 83948 96 8 Paid for State national and local taxes in this and other States 41542 59 9 All other payments and expenditures 80249 49 10 Amount sent to Home Office during the year28674956 Aggregate amount of all expenditures during the year in cash 1274702 46 Business in the State of Georgia During the Year Marine and Fire Risks Inland Risks Aggregate Fire marine and inland risks written 594757 00 781923 00 1376680 00 Premiums received gross 10108 43 3605 50 13713 93 Losses paid 7534 57 7534 57 Losses incurred 7492 57 7492 57 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Bisks 1023806 00 Premiums 11605 66 Losses 4695 14 Tax 116 05 LONDON LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Archibald G McIlwaine Jr Manager Principal office in the U S 57 and 59 William St New York Fred W Cole Atlanta Ga Attorney for Service in Georgia IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 300000 0088 COMPTROLLERGENERALS REPORT 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 17676 23 13 Cash belonging to the company deposited in bank Corn Exchange National Bank of Chicago 1380363 First National Bank of Los Angeles 237825 Los An geles National Bank of Los Angeles 1 00000 Mercantile Trust Co of New York 227072 Mercantile Trust Co of San Francisco 257675 Merchants Na tional Bank of New York 4532867 Ne vada National Bank of San Francisco 1201674 Security Savings Bank of Los Angeles 150000 cash in hands of Uni ted States Trustees 50000 total 130874 00 Total cash items 148550 99 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 225863 due from other companies for reinsurance on losses already paid 1042789 bal ances due from other companies 239740 total Total Balances due from other companies Total assets of the company actual cash market value 1809943 41 148550 99 22360 84 310303 75 4346 92 15083 92 2610589 83 662 24 2609927 59 IIILIABILITIES 1 Losses due and unpaid 24731 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 142310 23 3 Losses resisted including interest costs and other expenses thereon 19472 22 4 Total gross amount of claims for losses 186513 45 5 Deduct reinsurance thereon 30872 15 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 122262953 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 611314 77 155641 30COMPTROLLERGENERALS REPORT 89 from date of policy 170975331 un earned premiums pro rata 890732 94 11 Total unearned premiums as computed above carried out 1502047 71 19 All other demands against the company absolute and con tingent due and to become due admitted and contest ed viz Unpaid commissions 5591142 unpaid return premiums 190871 unpaid reinsurance 2778918 total 85609 31 20 Total amount of all liabilities except capital stock scrip and net surplus 1743298 32 21 Joint stock capital actually paid up in cash 494917 35 23 Surplus beyond capital and all other liabilities 866629 27 24 Aggregate amount of all liabilities including capital paid up and net surplus 2609927 59 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year 324969 50 2 Deduct amount of same not collected 893 41 3 Net collected 324076 09 4 Gross premiums on risks written and re newed during the year 2612551 04 5 Total 2936627 13 6 Deduct premiums and bills in course of col lection at this date 317104 91 7 Entire premiums collected during the year 2619522 22 8 Deduct reinsurance 37561091 and return premiums 51684265 892453 56 9 Net cash actually received for premiums carried out 1727068 66 1727068 66 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 77807 48 12 Income received from all other sources omitting increase if any in value of securities viz Rents 360395 3603 95 15 Aggregate amount of income actually received dur ing the year in cash 1808480 09 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 14115045 losses occurring in previous years1362436 58 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1780277 and all amounts actually received for reinsurances in other companies 27092241 total deductions 288725 18 3 Net amount paid during the year for losses1073711 40 10737114090 COMPTROLLERGENERALS REPORT 6 Paid for commissions or brokerage 329760 21 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 150865 28 8 Paid for State national and local taxes in this and other States 45653 42 9 All other payments and expenditures viz Rents 22 12290 advertising printing and stationery 1624065 furniture and fixtures 37222 all other 10012255 total 138858 3 10 Amount sent to home offices during the year 11004451 Aggregate amount of actual expenditures during the year in cash 1738848 63 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 2852327 00 Premiums received gross 34353 26 Losses paid 15944 94 Losses incurred 18933 56 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks2458708 00 Premiums 35458 05 Losses 18463 29 Tax 354 58 MANCHESTER ASSURANCE COMPANY OF MANCHESTER ENG George S A Young U S Manager Principal office 49 Wall Street New York City Cliff C Hatcher Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 10000000 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 4282 77 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1547320 00 12 Cash in companys principal office 721 47 13 Cash belonging to the company deposited in bank Bank of America New York 35 38599 Merchants National Bank Chi cago 1271063 Bank of British North America San Francisco 717572 total 55272 34 Total cash items 55993 81COMPTROLLERGENERALS REPORT 91 15 18 Interest due and accrued on stocks not in cluded in market value uncollected 5554 17 Bills receivable not matured taken for fire marine and inland risks 448 10 Reinsurance on losses already paid 285 29 Due from special agents 205 08 Gross premiums in course of collection not more than 3 months due 255103 45 Total assets of the company actual cash market value 1869192 67 Amount of premiums unpaid on policies which have been issued more than 3 months 675036 IIILIABILITIES Losses due and unpaid 79584 51 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 reinsuance thereon 106274 25 24048 03 209906 79 22882 69 543200 70 187024 1 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 108640143 unearned premiums fity 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 98298599 unearned premiums pro rata 515179 97 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 brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 4642230 return pre miums 17402 reinsurance 2250135 total 20 Total amount of all liabilities except capital stock scrip and net surplus 1314502 44 23 Surplus beyond capital and all other liabilities 554690 23 24 Aggregate amount of all liabilities including capital paid up and net surplus 1869192 67 1058380 67 69097 67 92 COMPTROLLERGENERALS REPORT 9 11 14 15 10 IVINCOME DURING THE YEAH On Fire Risks Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 271230 89 Deduct amount of same not collected 1178 81 Net collected 270052 08 Gross premiums on risks written and re newed during the year 2108292 83 Total 2378344 91 Deduct premiums and bills in course of col lection at this date 261853 81 Entire premiums collected during the year 2116491 10 Deduct reinsurance and return premiums 703774 27 Net cash actually received for premiums carried out 1412716 83 Received for interest and dividends on stocks and bonds collatteral loans and from all other sources 57204 17 Amount of remittances from home office during the year299460 00 Aggregate amount of income actually received during the year in cash 469921 00 VEXPENDITURES DURING THE YEAR On Fire RUki Gross amount actually paid for losses in cluding 17791173 losses occurring in previous years 1323395 13 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1653354 and all amounts actually received for reinsurances in other companies 20192701 total deductions 218460 55 Net amount paid during the year for losses 1104934 58 Paid for commissions or brokerage 287630 45 Paid for salaries fees and other charges of officers clerks agents and all other employes 92274 63 Paid State national and local taxes in this and in other States 51578 75 All other payments and expenditures viz Rents 10 55605 stationery 831282 postage 1315122 adver tising 191138 local boards 2053556 traveling 21 07638 maps 377397 legal expenses 135462 sundries 1227012 total 92942 12 Amount sent to home offices during the year 107063 20 Aggregate amount of actual expenditures during the year in cash 1629360 53COMPTROLLERGENERALS REPORT 93 Business in the State of Georgia During the Year On Fire Risks Fire marine and inland risks written 1866036 00 Premiums received gross 30116 96 Losses paid 23041 96 Losses incurred 27249 46 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1828845 00 Premiums 30763 72 Losses 13652 16 Tax 307 63 MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE R I Henry T Grant Jr President Alfred U Eddy Secretary Principal Office 10 Weybosset St Providence R I W A Wright Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 148876 00 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned there on 5500 00 12 Cash in companys principal office 21 11 13 Cash belonging to company deposited in bank 18496 58 Total cash items 18517 69 15 Interest due and accrued on stocks not included in mar ket value uncollected 1636 97 17 Premiums not over three months due 8460 41 All other assets both real and personal Due from other companies for money advanced for joint expense 503 88 Total assets of the company actual cash market value 183494 95 Contingent premiums 942535 75 Total cash assets and contingent premiums 1126030 70 IIILIABILITIES 1 Losses due and unpaid 20200 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 2800 00 6 Net amount of unpaid losses 23000 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 118850715 unearned premiums fifty per cent 94253 57 11 Total unearned premiums as computed above carried out 94253 5794 COMPTROLLERGENERALS REPORT 19 20 21 23 24 3770 14 121023 71 942535 75 62471 24 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes Total amount of all liabilities except capital stock scrip and net surplus Contingent premiums Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus 1126030 70 IVINCOME 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 8513 36 Net collected 8513 36 Gross premiums on risks written and renewed during the year 205890 78 Total 214404 14 Deduct premiums and bills in course of collec tion at this date 8460 41 205943 73 15549 25 11 15 Entire premiums collected during the year Deduct reinsurance and return premiums Net cash actually received for premiums carried out 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 On Fire Risks 1 Gross amount actually paid for losses includ ing 154493 losses occurring in previous years 56265 28 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 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 Rents 1350 office travel inspector incidental 1210313 Aggregate amount of actual expenditures during the year in cash 190394 48 6427 23 196821 71 56265 28 130119 56 14409 98 4032 32 13453 13 218280 27COMPTROLLERGENERALS REPORT 95 Business in the State of Georgia During the Year Fire Bisks Fire marine and inland risks written 859730 00 Premiums received gross 6188 70 Losses paid 258 29 Losses incurred 258 29 BUSINESS IN GEORGIA FOB YEAH ENDING APRIL 30 1902 Risks 1000100 00 Premiums 8790 24 Losses 576 74 Tax 87 90 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN James Nichols President B R Stillman Secretary Principal office 95 Pearl Street J B Kimbell Attorney for Service in Georgia 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 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 4 Value of lands mortgaged exclusive of build ings and perishable improvements 866850 00 5 Value of buildings mortgaged insured for 64835000 as collateral 995500 00 6 Total value of said mortgaged premises car ried inside 1862350 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 office 667 73 13 Cash belonging to the company deposited in bank viz Charter Oak National bank 22021141 Hartford National Bank 1 06939 State Bank 2500000 Continen tal National Bank 5479152 National Bank of Illinois 550249 Union Trust Company 961971 New Orleans Na tional bank 337948 total 319574 00 Total cash items 17 Cash in hands of agents and in course of transmission 399053 32 647715 0 3627469 00 320241 73 429957 95 Total assets of the company actual cash market value 5424437 0096 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 101074 87 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 237996 08 23606 60 362677 55 11 II 20 21 23 24 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 227245631 unearned premiums fifty per cent 1136228 15 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 254883250 unearned pre miums pro rata 1419258 00 Total unearned premiums as computed above carriedout All other demands against the company absolute and con tingent due and to become due admitted and contested viz Contingent reserve fund 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 On Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 275000 00 Net collected 275000 00 Gross premiums on risks written and re newed during the year 4794779 88 362677 55 2555486 15 25000 00 2943163 70 1000000 00 1481273 30 5424437 00 10 11 Total 5069779 88 Deduct premiums and bills in course of col lection at this date 365000 00 Entire premiums collected during the year 4704779 88 Deduct reinsurance and return premiums 1240854 97 Net cash actually received for premiums carried out 3463924 91 Received for interest on bonds and mortgages 39628 00 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 153302 10COMPTROLLERGENERALS REPORT 97 12 Income receivd from all other sources omitting increase if any in value of securities 4158 60 Profit and loss 10565 53 15 Aggregate amount of income actually received during the year in cash 3671579 14 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 20986405 losses occurring in previous years 2159108 69 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 2321847 and all amounts actually received for reinsurances in other companies 38400978 total deductions 407228 25 3 Net amount paid during the year for losses 1751880 44 1751880 44 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 651599 21 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 207625 59 8 Paid for State national and local taxes in this and other States 110967 74 9 All other payments and expenditures viz Miscellaneous 360594 06 Profit and loss 10427 13 Aggregate amount of actual expenditures during the year in cash 32130941 Business in the State of Georgia During the Year Fire Risk Fire marine and inland iisks written 2620031 00 Premiums received gross 28558 38 Losses paid 8983 97 Losses incurred 12702 31 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 3878403 00 Premiums 43911 00 Losses 10984 25 Tax 439 11 7 in98 COMPTROLLERGENERALS REPORT NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHES TER NEW HAMPSHIRE W C Crosby President F W Sargeant Secretary Principal office 876 Elm Street O D Simpson Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock1000000 00 1 000000 00 2 Amount paid up in cash1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 168981 62 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 487016 66 3 Interest due on all said bond and mortgage loans 5107 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 484860 00 5 Value of buildings mortgaged insured for 480050 as collateral 777250 00 6 Total value of said mortgaged premises carried inside1262110 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2374195 00 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 105000 00 12 Cash in companys principal office 629 56 13 Cash belonging to the company deposited in bank Amoskeag National Bank Man chester 17288803 Manchester National Bank Manchester 1250000 Merchants Natl Bank Manchester 1250000 total 197888 03 15 Total cash items Iuterest due and accrued on bonds and 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 value 198517 59 58S7 46 173304 71 3518010 04 IIILIABILITIES 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 169991 82 3 Losses resisted including interest costs and other expenses thereon 20096 00 4 Total gross amount of claims for losses 190087 82 6 Net amount of unpaid losses 190087 82MMMHBHH COMPTROLLERGENERALS REPORT 99 7 Gros3 premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 101443808 unearned pre miums fifty per cent 507219 04 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 141610061 unearned pre miums pro rata 734101 87 11 Total unearned premiums as computed above carried out 1241320 91 19 All other demands against the company absolute and contingent due and to become due admitted and con tested 68768 44 20 Total amount of all liabilities except capital stock scrip and net surplus 1500177 17 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1017832 87 24 Aggregate amount of all liabilities including capital paid up and net surplus 3518010 04 IVINCOME DURING THE YEAR On Fire Risk 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 191575 46 3 Net collected 191575 46 4 Gross premiums on risks written and renewed during the year1845100 85 5 Total2036676 31 6 Deduct premiums and bills in course of col lection at this date 173304 71 7 Entire premiums collected during the year 1863371 60 8 Deduct reinsurance and return premiums 415124 63 9 Net cash actually received for premiums carried out 1448246 97 10 Received for interest on bonds and mortgages 29321 74 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 101787 41 12 Income received from all other sources omitting increase if any in value of securities 18645 83 15 Aggregate amount of income actually received during the year in cash 1598001 95 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing losses occurring in previous years 1109110 40 100 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1166772 and all amounts actually received for reinsurances in other companies 17661192 total deductions 188279 64 3 Net amount paid during the year for losses 920830 76 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 361074 71 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 68741 84 8 Paid for State national and local taxes in this and other States 54457 61 9 All other payments and expenditures viz Loss and gain account 768953 total 92657 85 Aggregate amount of actual expenditures during the year in cash 1597762 77 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Eisks 2286728 00 Premiums 27986 34 Losses u492 38 Tax 279 86 NIAGARA FIRE INSURANCE COMPANY OP NEW YORK N Y Harold Herriok President Geo W Dewey Secretary Principal Office 46 and 48 Cedar St N Y City Edwin F Ansley Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 500000 00S 500000 0O 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 328926 49 3 Interest accrued on all said bond and mortgage loans 6347 26 5 Value of buildings mortgaged insured for 129500 as collateral2321000 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2364850 0 12 Cash in companys principal office 636 96 13 Cash belonging to the company deposited in bank Bank of Manhattan Co N Y 91464 44 The Continental Trust Co N Y L20000 00 Total cash items 212101 40 15 Interest due and accrued on stocks not included in mar ket value 4324 17 Cash in hands of agents and in course of transmission 327125 16 Total assets of the company actual cash market value 3243675 30COMPTROLLERGENERALS REPORT 101 11 19 20 21 23 24 IIILIABILITIES Losses due and unpaid 81860 78 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 139767 61 Losses resisted including interest costs and other expenses thereon 32703 41 Total gross amount of claims for losses 254331 80 Deduct reinsurance thereon 48850 14 Net amount of unpaid losses 205481 66 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 131622840 unearned premiums fifty per cent 658114 20 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 157025563 unearned pre miums pro rata 834638 31 Total unearned premiums as computed above carried out 1492752 51 All other demands against the company absolute and contingent due and to become due admitted and con tested 2171 67 Comn 372398 reinsurance premiums 1697823 80702 21 Total amount of all liabilities except capital stock scrip and net surplus 178110 05 Joint stock capital actually paid up in cash 500000 00 Surplus beyond capital and all other liabilities 962567 25 Aggregate amount of all liabilities including capital paid up and net surplus 3243675 30 IVINCOME 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 270139 43 Net collected 270139 43 Gross premiums on risks written and renewed during the year 2525860 12 Total 2795999 55 Deduct premiums and bills in course of col lection at this date 327125 16 Entire premiums collected during the year 2468874 39 Deduct reinsurance and return premiums 621341 45 Net cash actually received for premiums carried out 1847532 94 102 COMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages 12255 76 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 90602 95 15 Aggregate amount of income actually received during the year in cash 1950391 65 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses includ ing losses occurring in previous years 1141971 65 2 Deduct all amounts actually received for salv ages whether on losses of the last or of pre vious year 1105249 and all amounts actually received for reinsurances in other companies 28125907total deductions 292311 56 3 Net amount paid during the year for losses 1149660 09 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 367748 38 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 157846 21 8 Paid for State national and local taxes in this and other States 53168 44 9 All other payments and expenditures viz Traveling stationery postage internal revenue miscellaneous 142164 79 Aggregate amount of actual expenditures during the year in cash 1920587 91 Business in the Slate of Georgia During the Year Fire Risks Fire marine and inland risks written 910802 00 Premiums received gross 14669 44 Losses paid 3544 4G Losses incurred 5S95 39 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1021167 00 Premiums 17575 22 Losses 498 Sft Tax 175 75 NORWICH UNION FIRE INSURANCE SOCIETY OF ENGLAND J Montgomery Hare Resident Manager Principal office of the U S Branch 56 and 58 Pine Street New York N Y Guy Carpenter Atlanta Ga Attorney for Service in Georgia ICAPITAL stock 1 Amount of capital stock authorized and subscribed for 5600000 00 2 Amount paid up in cash 66000 00COMPTROLLERGENERALS REPORT 103 Amount of net ledger assets December 31 of previous year 2027645 00 Extended at 2027645 00 IIINCOME DURING THE YEAR Gross premiums and bills unpaid at close of previous year as shown by that years statement 253883 20 3 Net collected 253883 20 4 Gross premiums written and renewed dur ing the year 2401299 54 5 Total 2655182 74 6 Deduct gross premiums and bills in course of collection at this date 267667 58 7 Entire premiums collected during the year 2387515 16 8 Deduct reinsurance rebate abatement and return premiums 607781 37 9 Received for premiums other than perpetuals 1779733 79 12 Interest on real estate mortgage loans 1800 00 13 Interest and dividends on stocks and bonds and from all other sources 65788 12 Total rents and interest 67588 12 14 Profit on sale or maturity of ledger assets during the year over book values 8402 08 Cash received from Home officei 150889 32 Total income during the year 2006613 31 Total footings 4034258 31 IIIDISBURSEMENTS DURING THE YEAR Fire 1 Gross amount paid for losses including occurring in previous years 1553404 77 2 Deduct amounts received for salvages on losses of the last or of previous years 1050429 and from reinsurance in other companies 12495313 135457 42 3 Net amount paid during the year for losses 1417947 35 7 Commissions or brokerage to agents less received on re insurances 341967 15 9 Rents including for companys use of own building 18120 30 10 Salaries fees and all other charges officers 3925687 clerks 4666241 other employes 6141690 147336 18 11 Taxes on premiums 2333367 on real estate other taxes 635415 29687 82 12 Insurance department fees and agents licenses 10 69013 municipal licenses 512159 tax on franchise 134658 17158 30104 COMPTROLLERGENERALS REPORT 13 Advertising printing and stationery 1584978 legal ex penses 34753 repairs and expenses on real estate furniture and fixtures 213859 miscellaneous 9307288 111408 78 Cash remitted to Home office 116471 07 Total expenditures during the year 2200096 95 Balance 1834161 36 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 40000 00 4 Book value of bonds excluding interest 109911800 and stocks 54674008 1645858 08 5 Cash in companys office 343923 depos ited in bank Bank of New York N B A 12909619 Bank of America 1094978 Bank of British North America 481808 148303 28 Total 1834161 36 Total net ledger assets 1834161 86 NONLEDGER ASSETS 8 Interest due andjaccrued on mortgages 150 00 9 Interest due and accrued on stocks and bonds 17898 96 Total carried out 18048 96 14 Market value not including interest in item 9 of bonds and stocks over book value 127 749 42 15 Gross premiums in course of collection De cember 31 not more than three months due 232817 63 16 Deduct cost of collection commission and brokerage 43555 20 17 Net amount of uncollected premiums not more than three months due jgg 262 43 Due from other companies for reinsurance on losses alrea dy Paid 1828 51 Total admitted assets 2 171048 68 VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid not yet due 88312 25 2 Losses in process of adjustment or in sus pense including all reported and sup posed losses 51857 87 3 Losses resisted not outlawed including interest costs and other expenses thereon 25222 50 4 Total amount of claims for losses 165392 62 5 Deduct reinsurance due or accrued 15927 85 6 Net amount of unpaid losses 149 464 77COMPTROLLERGENERALS REPORT 105 7 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 fire risks 132234084 unearned premiums fifty per cent 661170 42 8 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 127741752 un earned premiums pro rata Total unearned premiums as computed above 13453 18 Salaries rent expenses taxes bills accounts fees etc due or accrued 17005 69 20 Return premiums 500998 and reinsurance premiums 264018 684168 02 U 7650 16 22 25 Total amount of all liabilities 1519459 06 Divisible surplus 651589 62 Total 2171048 68 Business in the State of Georgia During the Year Fire Riks Gross risks written 2904036 00 Gross premiums received 39132 99 Losses paid 35870 98 Losses incurred 33549 71 Amount at risk 4807843 00 Risks Premiums Losses Tax BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 3392261 00 45584 34 25803 72 455 84 U 8 BRANCH NORTH BRITISH MERCANTILE FIRE INSUR ANCE CO OF LONDON AND EDEN BURG GREAT BRITAIN E G Richards U S Manager J F Hastings Asst Manager Principal Office 76 William Street New York City Jacob Haas Attorney for Service in Georgia nassets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4533604 00 12 Cash in companys principal offices 19301 72 13 Cash belonging to the company deposited in bank viz J P Morgan Co New 106 COMPTROLLERGENERALS REPORT York 25096656 Merchantss National Bank 2000000 total 270966 56 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 collec tion on policies written within three months 18 Bills receivable not matured taken for fire marine and inland risks Reinsurance on losses alreany paid Milwaukee Underwriters Building Association 1S100 Philadelphia Underwriters Association 10000 cash in hands of trustees of the company 26932 total Total assets of the company actual cash market value IIILIABILITIES 290268 28 53851 00 512105 58 840 23 12638 22 550 32 5403S60 63 1 Losses due and unpaid 168471 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 239498 91 3 Losses resisted including interest costs and other expenses thereon 28391 03 4 Total gross amount of claims for losses 436360 94 5 Deduct reinsurance thereon 55114 21 6 Net amount of unpaid losses 3S 1246 73 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 209233539 un earned premiums fifty per cent 1046167 69 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 233834448 un earned premiums pro rata 1242143 32 11 Total unearned premiums as computed above carried out 2288311 01 12 Net premiums reserve and all other liabilities except capi tal under the life insurance or any other special depart ment 10398 51 17 Balances to credit of special agents etc 7346 64 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 dueCOMPTROLLERGENERALS REPORT 107 and to become due on premiums paid and in course of collection 110343 62 20 Total amount of all liabilities except capital stock scrip and net surplus 2797646 51 23 Surplus beyond capital and all other liabilities 2606214 12 24 Aggregate amount of all liabilities including capital paid up and net surplus 5403860 63 IVINCOME DURING THE YEAR On Fire Risks Net collected 457630 25 Gross premiums on risks written and re newed during the year 3937290 93 Total 439492118 Deduct premiums and bills in course of col lection at this date 527286 54 Entire premiums collected during the year 3S67634 64 Deduct reinsurance and return premiums 1039453 85 11 15 Net cash actually received for premiume carried out 2828180 79 Received for interests and dividends on stocks and bonds on collateral loans and from all other sources 145695 28 Aggregate amount of income actually received during the year in cash 2973876 07 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 29561212 losses occurring in pre vious years 2149182 91 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1543272 and all amounts actually received for reinsurances in other companies 24067687 total deduc tions 256109 59 3 Net amount paid during the year for losses 1893073 32 6 Paid for commissions or brokerage 549995 99 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 174796 61 8 Paid for State national and local taxes in this and other States 90323 79 9 All other payments and expenditures 182236 22 Aggregate amount of actual expenditures during the year in cash2890425 93108 COMPTROLLERGENERALS REPORT Business in the Stale of Georgia Daring the Year On Fire Risks Fire Marine and inland risks written 4086114 00 Premiums received gross 47494 11 Losses paid 249f2 30 Losses incurred 24875 89 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1902 Risks 6925580 00 Premiums 57962 95 Losses 19792 44 Tax 579 62 TJN1TED STATES BRANCH NORTHERN ASSURANCE COMPANY OP LONDON H E Wilson General Manager Edward King of New York Cornelius D Wood of New York Trustees in United States Principal offices in the United States No 38 Pine St New York Geo W Babb Manager No 642 Monadnock Block Chicago G H Lkrmit Man ager No 221 Sansome St San Francisco Geo F Grant Manager Fredk C Calkins Atlanta Attorney for Service in Georgia ICAPITAL stock 1 Amount of capital stock authorized and subscribed for 15000000 00 2 Amount of capital paid up in cash 1500000 00 Amount of net ledger assets December 31st of previous year 2374256 48 IIINCOME DURING YEAR As shown by the books at home office at close of business December 31 On Fire Bisks 1 Gross premiums and bills unpaid at close of last year as shown by that years state ment 265951 14 2 Deduct amount of same not collected 2268 94 3 Net collected 263682 20 4 Gross premiums written and renewed dur ing the year 2172375 94 8 Total 2436058 14 6 Deduct gross premiums and bills in course of collection at this date 361652 30 7 Entire premiums collected during the year 2074405 84 8 Deduct reinsurance rebate abatement and return premiums 514487 55 fl Received for premiums other than perpet uals 1529918 29 1529918 29COMPTROLLERGENERALS REPORT 109 11 Rents from companys property including 700000 for companys use of own build ings 13 Interest and dividends on stocks and bonds 7942500 from all other sources 73968 Total rents and interests K Received from head office during the year 7000 00 80164 68 87164 68 19792 34 Total income during the year 1636875 31 Total footings 4011131 79 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business December 31 On Fire Risks 1 Gross amount paid for losses including 12066298 occurring in previous years 1120871 91 2 Deduct amounts received for salvages on losses of the last or of previous years 8 33394 and from reinsurance in other companies 20365318 211987J12 3 Net amount paid during the year for losses 908884 79 294664 85 14966 56 95560 47 37072 57 16554 95 908884 79 7 Commissions or brokerage to agents less received on re insurances 8 Rents including 700000 for companys use of own build ings less 30000 from subleases 9 Salaries fees and all other charges officers clerks and other employes 10 Taxes on premiums 3489092 on real estate 218165 11 Insurance department fees and agents licenses 866486 municipal licenses 483881 tax on franchise 305128 12 Advertising printing and stationery 1496030 legal ex penses 6400 repairs and expenses on real estate 3865 furniture and fixtures 16524 miscellaneous 12011690 total 14 Remitted to head office during the year Total expenditures during the year 1639323 38 Balance 2371808 41 Invested in the following IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of busi ness December 31 135345 0 181274 10 1 Book value of real estate unincumbered 4 Book value of bonds excluding interest 5 Cash in companys offices Deposited in banks Merchants Loan and Trust Co Chicago 2666319 Northern Trust Co Chicago 8155 American Ex change Bank StLouis 72613 National 115000 00 162868 75 348 21110 COMPTROLLERGENERALS REPORT Bank of Commerce New York 8973659 Canadian Bank of Commerce San Fran cisco 552986 Union Trust Co New York 101870 123756 02 6 Bills receivable 782657 agents debit balances 48797 total 8314 54 Total 2410287 52 Deduct Ledger Liabilities 7 Agents credit balances 117580 all other 3730331 total 38479 11 Total net ledger assets 2371808 41 NONLEDGER ASSETS 9 Interest accrued on bonds and stocks 5882 79 13 Market value of real estate over book value 15000 00 14 Market value not including interest in item 9 of bonds and stocks over book value 110271 25 15 Gross premiums in course of collection De cember 31 not more than three months due 359058 05 16 Deduct cost of collection commission and brokerage 54622 33 17 Net amount of uncollected premiums not more than three months due 304435 72 18 Gross premiums in course of collection De cember 31 more than three months due carried in 4863 19 Gross assets 2807398 17 Deduct Assets not Admitted 3 Agents debit balances unsecured487 97 Total admitted assets 2806910 20 VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid not yet due 18531 46 2 Losses in process of adjustment or in sus pense including all reported and sup posed losses 1210S 47 3 Losses resisted not outlawed including interest costs and other expenses thereon 45261 75 4 Total amount of claims for losses 184821 OS 5 Deduct reinsurace due or accrued 9896 47 3 Net amount of unpaid losses 174925 21 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 Are risks 131741774 un earned premiums fifty per cent 658708 S7 COMPTROLLERGENERALS REPORT 111 8 Gross premiums less reinsurance received and receivable upon all unexpired Are risks running more than one year from date of policy 111266230 unearned 11 premiums pro rata 609342 13 1268051 00 18 Salaries rent expenses taxes bills accounts fees etc due or accrued 500 00 19 Commissions brokerage and other charges due to agents and brokers on premiums paid 32 20 20 Return premiums 1816547 and reinsurance premiums 193696 20102 43 21 22 All other liabilities viz Miscellaneous 337 75 20972 38 1463948 59 25 1342961 61 Total Business in the State of Georgia During the Year 2806910 20 On Fire Risks 3390179 00 37099 47 26959 04 31181 54 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Eisks 3807583 00 52725 48 23719 16 Ta 527 25 D CONN 3RIENT FIRE INSURANCE COMPANY OF HANRTFOR Archibald G McIlwaine Jr President James Wypek Secretary Principal Office 5 Haynes St Hartford Conn R E Hancock Atlanta Attorney for Service in Georgia Icapital 1 Whole amount of capital stock 500000 00 2 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 78925 21 2 Loans on bond and mortgage duly recorded and being 120900 00 Interest due on all said bond and mortgage loans 136675 3744 16 4 Value of lands mortgaged exclusive of buildings and perishable improvements 393225 00 112 COMPTROLLERGENERALS REPORT 5 Value of buildings mortgaged insured for 3495000 as collateral 393225 00 12 13 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1704397 12 Cash in companys principal office 2938 98 Cash in banks December 31 1901 Mer chants National Bank New York N Y 6535635 American National Bank Hart ford Ct 2956605 National Bank of the Republic Chicago Ills 249596 Union Trust Company San Francisco Cal 243441 total 99852 77 Total cash items 14 Special deposit New Mexico 15 Interest due and accrued on stocks not included in market value uncollected 16 Due from other companies for collected reinsurance 17 Cash in hands of agejits and in course of transmission 18 Bills receivable not matured taken for fire marine and in land risks All other assets both real and personal viz Rents due and accrued due from other companies for reinsurance on losses already paid 102791 75 5000 00 22627 97 714 61 159901 38 44 00 1677 24 Total assets of the company actual cash market value 2200723 44 IIILIABILITIES 1 Losses due and unpaid 31160 15 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 101685 72 3 Losses resisted including interest costs and other expenses thereon 27490 50 4 Total gross amount of claims for losses 160336 37 5 Deduct reinsurance thereon 21885 09 6 Net amount of unpaid losses 138451 28 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 78736504 unearned premiums fifty per cent 393682 52 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 82610942 unearned premiums pro rata 423453 77 11 Total unearned premiums as computed above carried out 817136 29COMPTROLLERGENERALS REPORT 3 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 3640239 return premiums 22561 reinsurance 6 38845 less commission 514495 total 41547 34 Total 997134 91 20 Total amount of all liabilities except capital stock scrip and net surplus 500000 00 23 Surplus beyond capital and all other liabilities 703588 53 24 Aggregate amount of all liabilities including capital paid up and net surplus 2200723 44 IVINCOME DURING THE YEAR 0n Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 207634 14 2 Deduct amount of same not collected 821 97 3 Net collected 206812 17 4 Gross premiums on risks written and re newed during the year 1518844 01 Total 1725656 18 6 Deduct premiums and bills in course of col lection at this date 160918 62 7 Entire premiums collected during the year 1564737 56 8 Deduct reinsurance and return premiums 503905 56 9 Net cash actually received for premiums carried out 1060832 00 1060832 00 10 Received for interest on mortgages 9 753 33 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 70651 58 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 70651 58 12 Income received from all other sources omitting increase if any in value of securities 3216 76 To readjust ledger assets 177 93 15 Aggregate amount of income actually received during the the year in cash 1144631 65 VEXPENDITURES DURING THE YEAR On Marine and On Fire Risks Inland Risks 1 Gross amount actually paid for losses including 16737754 losses occurring in previous years 961696 72 1005114 8 in114 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 4S0068 and all amounts actually received for rein surances in other com panies 515376662 total deductions 153192 515374 79 3 Net amount paid during the year for losses 808504 21 5276 35 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 Rents 6 61380 advertising and printing 1182826 expenses on real estate 368163 miscellaneous 5193609 total Aggregate amount of actual expenditures during the year in cash 1234108 94 Business in the Stale of Georgia During the Year Fire Risks Fire marine and inland risks written 2172853 00 Premiums received gross 3i l Losses paid 17378 29 Losses incurred 13593 92 BUSINESS IK GEORGIAFOR YEAR ENDING APRIL 30 1902 Risks 1519970 00 Premiums 21526 14 Losses 16477 s Tax 21526 PALATINE INSURANCE COMPANY LIMITED OF LONDON ENGLAND 813780 56 233882 09 79644 00 32712 51 74089 78 A H Wkay Manager Principal office in U S Cor Pine William Sts New York City J C Whitner Atlanta Ga Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by thecompany carried out at market value 1212757 50 12 Cash in companys principal office 9 90 13 Cash belonging to the company deposited in bank American Exchange Natl Bank N Y 5387817 Morton Trust Co N YCOMPTROLLERGENERALS REPORT 115 4303623 Crocher Wool worth Natl Bank San Francisco 1102943 First Natl Bank Denver 11223 total 113056 06 Total cash items 113065 96 15 Interest clue and accrued on stocks not included in mar ket value uncollected 1286 25 17 Cash in hands of agents and in course of transmission 209470 68 Due from Palatine Ins Jo Ltd of Manchester 40523 73 Due from Commercial Union Assurance Co of London 25 74 40549 47 Total assets of the company actual cash market value 1577129 86 IIILIABILITIES 1 Losses due and unpaid 32945 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 73106 00 3 Losses resisted including interest costs and other expenses thereon 5250 00 4 Total gross amount of claims for losses 11130100 5 Deduct reinsurance thereon 6860 00 6 Xet amount of unpaid losses 104441 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 892249339 unearned premiums fifty percent 461246 70 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 25950254 unearned premi ums pro rataj 216892 05 IL Total unearned premiums as computed above car ried out 678133 75 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other cbarges due and to become due to agents and brokers on pre miums paid and in course of collection 2889749 re turn premiums 1282530 reinsurance 1018985 total 51912 64 20 Total amount of all liabilities except capital stock scrip and net surplus 834492 39 23 Surplus beyond capital and all other liabilities 742637 47 24 Aggregate amount of all liabilities including capital paid up and net surplus 1577129 86116 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR On BMre Risks 4 Gross premiums on risks written and re newed during the year 1660771 30 5 Total1666771 30 6 Deduct premiums and bills in course of col lection at this date 213591 27 7 Entire premiums collected during the year1153180 03 8 Deduct reinsurance and return premiums 442626 56 9 Net cash actually recieved for premiums car ried out1010553 47 1010553 47 11 Received for interests and dividends on stocks and bonds collateral loans and all other sources 29550 00 12 Income received from all other sources omitting increase if any in value of securities 2504 46 14 Amount of remittances from home office dur ing the year 70350 00 15 Aggregate amount of income actually received during the year in cash 1042607 93 VEXPENDITURES DURING THE YEAR Oil Fire Risks 1 Gross amount actually paid for losses in cluding losses occurring in previous years 260449 99 2 Deduct all amounts actually rereived for sal vages whether on losses of the last or of pre vious year 331052 and all amounts actu ally received for reinsurances in other com panies 2676441 total deductions 30074 93 3 Net amount paid during the year for losses 230375 06 230375 00 6 Paid for commissions or brokerage 221288 62 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 54700 75 8 Paid for State national and local taxes in this and other States 26030 IS 9 All other payments and expenditures viz Rents 5 76327 miscellaneous 5969466 total 6545793 10 Amount sent to home office during the year 51342 Hi Aggregate amount of actual expenditures during the year in cash 597852 54 Busineat in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 3068654 00 Premiums received gross 37553 54 Losses paid 3243 on Losses incurred 6528 00COMPTROLLERGENERALS REPORT 117 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 2317713 00 Premiums 38983 88 bosses 10182 13 Tax 389 83 THE PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA R Pale Benson President W Gardner Growell Secretary Principal office 508 and 510 Walnut Street W E CnAPiN Atlanta Attorney for Service in Georgia ICAPITAL I Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereonI 209500 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 738633 33 S Interest due on all said bond and mortgage loans 645 00 interest accrued thereon 627301 total 6918 01 5 Value of buildings mortgaged insured for 504000 as collateral I fi9r qrn nn 6 Total value of said mortgaged premises JDI0U uu carried insidej 9 Total par and market value of stocks and bonds owned absolutely by the company oarried out at market value 3908826 00 31 Total par and market value of stocks bonds and all other securities except mortgaged and amount loaned thereon 107700 00 12 Cash in companys principal office 212 45 13 Cash belonging to the company deposited in bank Western National 9812176 Phila delphia National 31804 84 total 129926 60 Total cash items 130139 05 36 Interest due and accrued on collateral loans and uncol lected 797 61 17 Cash in hands of agents and in course of transmission 338149 54 Total assets of the company actual cash market value 5440663 54 IIILIABILITIES 1 Loses due and unpaid 18100 69 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 202841 83118 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest cost and other expenses thereon 8391 02 229333 51 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 unexpired fire risks running one year or less from date of policy 177420718 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 187102850 un earned premiums pro rata 1029770 li 229333 54 8S7103 59 11 Total unearned premiums as computed above carried out 1916S73 77 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Amount reclaimable by the insured on per petual fire insurance policies Se2904 74 20 Total amount of all liabilities except capital stock scrip and net surplus 3009112 05 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 2031551 49 24 Aggregate amount of all liabilities including capital paid up and net surplus 5440063 54 IVINCOME DURING THE YEAR On Fire Ksks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 285093 78 3 Net collected 285093 78 4 Gross premiums on risks written and re newed during the year 3010797 41 5 Total 3295891 19 i Deduct premiums and bills in course of col lection at this date 338149 54 7 Entire premiums collected during the year 2957741 65 8 Deduct reinsurance and return premiums 800828 23 Total 2156913 42 9 Net cash actually received for premiums carried out 2156913 42 10 Received for interests on bonds and mortgages 40374 03 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 177389 03COMPTROLLERGENERALS REPORT 119 12 Income received from all other sources omitting increase if any in value of securities 4485 94 15 Aggregate amount of income actually received during the year in cash 2379102 42 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding losses occurring in previous years 1020823 01 2 Deri uct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actu ally received for reinsurances in other companies 17179920 total deductions 171799 20 3 Net amount paid during the year for losses 1449023 81 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 503016 93 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 94916 00 8 Paid for State national and local taxes in this and other States 71693 24 9 All other payments and expenditures viz advertising printing stationery miscellaneous 109555 50 Aggregate amount of actual expenditures during the year in cash 2328205 48 Business in the State of Georgia Daring the Year Fire Risks Fire marine and inland risks written 26738 32 Premiums received gross 45572 12 Losses paid 29190 48 Losses incurred 21824 20 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 2518759 00 Premiums 32940 08 Losses 20 007 35 Tax 32940 PHOENIX FIRE INSURANCE COMPANY OF HARTFORD CONN D W C Skilton President Eow Milligan Secretary Principal Office 64 Pearl St Hartford Cliff C Hatcher Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2000000 00 2 Amount paid up in cash 2000000 00120 COMPTROLLERGENERALS REPORT 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 20950 interest accrued thereon 221460 total 4 Value of lands mortgaged exclusive of building and perishable improvements 141240 00 5 Value of buildings mortgaged insured for 51400 as collateral 72950 00 6 Total value of said mortgaged premises carried inside 214190 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total market and par value of stocks bonds and all other securities except mortgages and amount loaned thereon 12 Cash in companys principal office 5023 98 13 Cash belonging to the company deposited in bank Hartford National Bank Hart ford 19510339 Hartford Trust Co 2500000 Atlantic Trust Company New York 10428054 Wells Fargo Cos Bank San Francisco California 250358 total 326887 51 Total cash items 460195 82 89074 93 2424 10 4468190 00 29000 00 331911 40 35196 00 270 00 530530 99 6651 12 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 All other assets both real and personal viz Rents due and accrued 449996 due from other companies for reinsurance on losses already paid 30116 accrued interest on bank deposits 1850 total Total assets of the company actual cash market value 5953444 45 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 6 Net amount of unpaid losses 454 ygg 57 752S3 60 369765 05 29231 00 474279 68 19491 08COMPTROLLERGENERALS REPORT 121 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 2136719 60 Unearned premiums fifty per cent 1068359 80 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 246603717 unearned premiums pro rata 1314045 52 Total unearned premiums as computed above carried out 2382405 32 Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 2837193 89 2000000 00 1116250 56 3217818 11 4848 71 250i 83 24 Aggregate amount of all liabilities including capital paid up and net surplus 5953444 45 IVINCOME DURING THE YEAR On Fire Risks 7 Entire premiums collected during the year 3771844 79 8 Deduct reinsurance and return premiums 554026 68 9 Net cash actually received for premiums carried out 3217818 11 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 in crease if any in value of securities 15 Aggregate amount of income actually received during the year in cash 3482911 04 VEXPENDITURES DURING THE YEAR On Fire Riks 1 Gross amount actually paid for losses in cluding 21567404 losses occurring in previous yearsif 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1633911 and all amounts actually received for reinsur ances in other companies 10148919 to tal deductions 10175 99 1824572 99 117828 30 3 Net amount paid during the year for losses 1706744 69 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 1706744 69 280000 00 637337 49 186339 47122 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 82266 09 9 All other payments and expenditures viz General ex penses 296269 93 Aggregate amount of actual expenitures during the year in cash 3188957 67 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 4580969 00 Premiums received gross 69322 33 Losses paid 40257 24 Losses incurred 41351 92 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 5334894 00 Premiums 72065 96 Losses 39623 24 Tax 720 65 UNITED STATES BRANCH PHXENIX ASSURANCE COMPANY LIMITED OF LONDON ENGLAND A D Irvino Manager A D Irving Jr Secretary Principal office 37 and 39 Liberty St New York Edgar Dunlap Atlanta Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2251932 50 12 Cash in companys principal office 75 52 13 Cash belonging to the company deposited in bank American Exchange National Bank New York 2053502 American National Bank Chicago 109446 total 21629 48 21705 00 Cash in hands of United States Trustees 451992 24 17 Cash in hands of agents and in course of transmission 184909 35 All other assets both real and personal Due from other companies for reinsurance on losses already paid 12675 54 Total assets of the company actual cash market value 2923214 63 IIILIABILITIES 1 Losses due and unpaid 110769 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 730066 90COMPTROLLERGENERALS REPORT 123 Losses resisted including interest costs and other expenses thereon 16233 00 11 19 20 23 24 Total gross amount of claims for losses 857068 90 Deduct reinsurance thereon 427094 00 Net amount of unpaid losses 429974 90 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 201281493 unearned premiums fifty per cent1006407 46 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 160360037 unearned pre miums pro rata 829217 02 Total unearned premiums as computed above 1835624 48 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 2615542 return premiums 1229409 rein surance 18211626 total 220565 77 Total amount of all liabilities except capital stock scrip and net surplus 2486165 15 Surplus beyond capital and all other liabilities 437049 48 Aggregate amount of all liabilities includingcapital paid up and net surplus 2923214 63 IVINCOME 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 241602 41 Deduct amount of same not collected 2847 25 Net collected 238755 16 Gross premiums on risks written and renewed during the year4188960 06 5 Total4427715 22 6 Deduct premiums and bills in course of col lection at this date 187723 45 7 Entire premiums collected during the year 4239 991 77 8 Deduct reinsurance and return premiums 1338743 96 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 2901247 81 76123 TO 15 Aggregate amount of income actually received during the year in cash 2977371 51124 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 454025 losses occurring in previous years2537914 74 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1131702 and all amounts actually received for reinsurances in other companies 69030810 total deductions 701625 12 3 Net amount paid during the year for losses 1836289 62 1836289 62 6 Paid for commissions or brokerage 509507 77 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 142221 86 8 Paid for State national and local taxes in this and other States 74730 29 9 All other payments and expenditures viz Bents 17 25668 miscellaneous expense printing stationery advertising traveling maps telegrams postage express etc23632664 total 253583 32 10 Amount sent to the home office during the year 74276 51 Aggregate amount of actual expenditures during the year in cash 2810332 86 Business in the Slate of Georgia During the Year Fire Risks Fire Marine and Inland risks written 3655827 00 Premiums received gross 45623 00 Losses paid 14569 60 Losses incurred 2693200 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 4989811 44 Premiums 45457 27 Losses 25191 08 Tax 454 57 PHENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y George P Sheldon President William A Wright Secretary Principal office No 16 Court Street Brooklyn N Y H C Stockdell Atlanta Gi Attorney for Service in Georgia 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 incumbrauces thereon 568000 00COlirTROLLERGENERALS REPORT 125 Loans od bond and mortgage duly recorded and being first liens on tbe fee simple Interest due on all said bond and mortgage loans interest accrued thereon 114664 totalS Value of lands mortgaged exclusive of buildings and perishable improvements 43500 00 Value of buildings mortgaged insured for 84000 as collateral 94000 00 Total value of said mortgaged premises carried inside 70600 00 1146 64 137500 00 9 Total par market value of stocks and bonds owned ab solutely by the company carried out at market value 4987809 00 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned there on 77500 00 Total cash items 613154 54 15 Interest due and accrued on stocks not included in mar ket value uncollccted 5266 66 17 Cash in hands of agents and in course of transmission 786283 20 All other assets both real and personal viz rents due and accrued 2653 26 Total assets of the company actual cash market value 7112413 30 in LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 319994 37 3 Losses resisted including interest costs and other expenses thereon 26190 00 4 Total gross amount of claims for losses 346184 37 I Net amount of unpaid losses 34618137 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 295484017 un earned premiums fifty per cent 1477420 09 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 138098367 unearned premiums pro rata 2293040 10 11 Total unearned premiums as computed above carried out 3770460 19 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 24S5 17 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz commissions brokerage and other charges126 COMPTROLLER GENERALS REPORT due and to become due to agents and brokers on pre miums paid and in course of collection 12911681 re turn premiums 8322761 reinsurance 218951 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 21 Aggregate amount of all liabilities including capital paid up and net surplus 1 Amount of unearned premiums represented by in stallment notesbeing the whole amount of such notes 12081278 IVINCOME DURIXQ 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 616076 80 2H534 02 4333 663 75 1000000 00 1778749 55 7112113 30 9 10 11 12 15 616076 80 Net collected Gross premiums on risks written and re newed during the year 5679627 70 Total 6295704 50 Deduct premiums aud bills in course of col lection at this date 786283 20 Entire premiums collected during the year 5509421 30 Deduct reinsurance and return premiums 974711 67 Net cash actually received for premiums carried out 4534709 63 Received for interest ou bonds and mortgages 3664 59 Received for interests and dividends on stocks aud bonds collateral loans aud from all other sources 137835 01 Income received from all other sources omitting increase if any in value of securities 1743163 Aggregate amount of income actually received during the year in cash 4693613 86 VEXPENDITURES DTTBING THE YEAR On Kre Risks Gross amount actually paid for losses in cluding 18823644 losses occurriug in previous years 2623131 66 Deduct all amounts actually received for salvages whether ou losses of the last or of previous year 901899 and all amounts actually received for reinsur ances in other companies 23206688 total deductions 241085 87 3 Net amount paid during the year for losses I Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 2387048 79 100000 00COMPTROLLERGENERALS REPORT 127 6 Paid for commissions or brokerage 931801 41 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 347106 79 8 Paid for State national and local taxes in this and other States W7037 41 9 All other payments and expenditures viz postage tele grams express stationery printing advertising legal and all other expenses 383471 08 Aggregate amount of actual expenditures during the year in cash 4257065 4S Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 5713583 00 Premiums received gross 101127 11 Losses paid 35596 47 Losses incurred 45115 52 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks f 7654355 00 Premiums 114970 08 Losses 49100 51 Tax U 70 QUEEN FIRE INSURANCE COMPANY OF AMERICA Edward F Beddall President George W Burchell VicePresident Nevett S Bartow Secretary S Y Tupper Atlanta Ga Attorney for Service in Georgia 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 encumbrances thereon 710164 73 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3677506 53 12 Cash in companys principal office 2616 28 13 Cash belonging to the company deposii ed in bank Corn Exchang Bank New York 3559167 Farmers Loan Trust Com pany New York 12500000 Royal Trust Company Chicago Ills 1050572 At lanta National Bank Atlanta Ga 3 86393 First National Bank San Fran cisco Cal 343798 Dominion Bank Montreal Can 1151641 Royal Bank 1635 55 Bank of British North America Halifax N S 171751 total 193298 77 Total cash items 195915 05128 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in market valm uncollected 43379 24 16 Interest due and accrued on bank balances uncollected 749 83 17 Cash in hands of agents and in course of transmission 425118 10 All other assets both real and personal viz Rents due and accrued 384377 due from other companies for reinsurance on losses already paid35S650 due from Royal insurance Company Montreal Department ad justment joint accounts 258244 total 10012 71 Total assets of the company actual cash market value 5062846 lit III LIABILITIES 1 Losses due and unpaid 91103 18 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 100441 82 3 Losses resisted inculding interest costs and other expenses thereon 54629 00 4 Total gross amount of claims forlosses 246174 00 5 Deduct reinsurance thereon 17454 57 6 Net amount of unpaid losses 228719 43 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 177156288 unearned premiums fifty per cent 885781 43 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 179796111 unearned premiums pro rata 969957 30 1 Total unearned premiums as computed above carried out 1855738 73 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 9341 13 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz State taxes etc 2540393 commissions broker age etc 10809119 returned premiums 1834444 reinsurance 761877 premiums paid in advance 180631 total 161264 64 20 Total amount of all liabilities except capital stock scrip and net surplus 2255068 93 21 Joint stock capital actually paid up in cash 500000 0 23 Surplus beyond capital and all other liabili ties 2 307782 26 24 Aggregate amount of all liabilities including capital paid up and net surplus if 5062846 19COMPTROLLERGENERALS REPORT 129 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 statementi 2 Deduct amount of same not collected 3 Net collected 4 Gross premiums on risks written and renew 356505 09 14 45 29824 07 356490 64 ed during the year 3198658 49 5 Total 3555149 13 6 Deduct premiums and bills in course of col lection at this date 429243 72 7 Entire premiums collected during the year 3125905 41 8 Deduct reinsurance and return premiums 728532 24 9 Net cash actually received for premiums carried out 2397373 17 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 134184 51 12 Income received from all other sources omitting increase if any in value of securities viz Rents 2863729 premiums paid in advance 180631 less 1901 pre miums collected in 1900 61953 total 15 Aggregate amount of income actually received during the year in cash 2561381 75 VEXPENDITURES DURING THE YEAR i On Fire Kisks 1 Gross amount actually paid for losses in cluding 17007765 losses occurring in previous years j634966 65 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2148105 and all amounts actually recived for reinsur ances in other companies 19115736 to tal deductions 212 638 41 3 Net amount paid during the year for losses 77TT 1422328 24 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 418404 46 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 189 207 08 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 20 05067 advertising printing and stationery 2822044 furniture and fixtures 177039 legal expenses 1 08060 miscellaneous 5602709 total Aggregate amount of actual expenditures during the 5802 71 137749 19 year in cash 9 o 2327411 63130 COMPTROLLERGENERALS REPORT Business in the State of Georgia During the Year Fire Risk Fire marine and inland risks written 7880169 00 Premiums received gross to Losses aid 22133 44 Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 v 10801833 00 18kS 8396471 femiUmS 2974027 i8Sea 83964 Tax ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER N Y Hon Frederick Cook President H F Atwood Secretary Principal Office Cor West Main and Irving D M Bain Atlanta Attorney for Service in Georgia 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 21638 19 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 386479 77 3 Interest due on all said bond and mortgage loans 91225 interest accrued thereon 565405 total 1 Value of lands mortgaged exclusive of build ings and perishable improvements 424640 00 5 Value of buildings mortgaged insured for 38375000 as collateral i Total value of said mortgaged premises car ried inside 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 185 13 Cash belonging to the company deposited in bank GermanAmerican Bank of Roches ter N Y 11850963 5000000 of this amount is on special deposit at 4 percent total 118509 63 6566 30 527550 00 952190 00 441375 00 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 7 Cash in hands of agents and in course of transmission 119867 86 5575 ii 117481 09 Total assets of the campany actual cash market value 1289983COMPTROLLERGENERALS report 131 IIILIABILITIES i Losses due and unpaid 4368 94 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 35232 47 3 Losses resisted including interest costs and other expenses thereon 9961 20 4 JVal gross amount of claims for losses 49562 67 6 Net amount of unpaid losses 49 532 67 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 44174261 unearned pre miums fifty per cent 220871 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 47558986 unearned premiums pro rata 261592 44 11 Total unearned premiums as computed above carried out 482463 75 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions etc due agents 36361 S3 Total 568388 25 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 521595 10 24 Aggregate amount of all liabilities including capital paid up and net surplus 1289983 35 IVINCOME DURING THE YEAR r 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 87403 80 3 Net collected 87403 80 4 Gross premiums on risks written and re newed during the year 885794 39 5 Total 973198 19 6 Deduct premiums and bills in course of col lection at this date 117 481 09 7 Entire premiums collected during the year 855717 10 8 Deduct reinsurance and return premiums 256169 28 9 Net cash actually received for premiums carried out 599547 82 599547 82 J0 Received for interest on bonds and mortgages 19 324 91l32 COMPTROLLERGENERALS REPORT 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 20018 32 12 Income received from all other sources omitting increase if any in value of securities 9lOi 1 010 22 Discount accountju 15 Aggregate amount of income actually received during the o 649305 60 year in cashp V EXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 2143277 losses occurring in previous nn years 360 2 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 140150 and all amounts actually received for re insurances in other companies 716687 Total deduc tions73070 23 3 Net amount paid during the year for losses 323536 97 328538 9 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 20000 00 6 Paid for commissions or brokerage 1592413 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 30999 2 8 Paid for State national and local taxes in this and other States m 9 All other payments and expenditures viz Expense ac count 3779228 suspense account 3700 profit and loss account 14s 35 printing and stationery 388106 total m 6 Aereate amount of actual expenitures during the year in cash 59665296 Burineti in the stale of Georgia During Year Fire Kisks Fire marine and inland risks written 64 048 00 Premiums received gross or Lossespaid Losses incurred BUSINESS IN IWKCIA FOR YEAR ENDING APRIL 30 1602 Risks 1698453 00 23581 9 Premiums T 29196 46 Losses 235 8 TaxCOMPTROLLERGENERALS REPORT 133 12 13 U S BRANCH OF THE ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Chief Office in the U 8 No 50 Wall Street New York City C W Phillips Atlanta Attorney for Service in Georgia II ASSETS 1 Market value of real estate owned by the company less the amount of iucumbrances thereon 2143090 05 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 184000 3 Interest due on all said bond and mortgage loans interest accrued thereon 163792 total 637 92 5 Value of buildings mortgaged insured for 1189000 as collateral ona non nn 6 Total value of said mortgaged premises dU8uuu uu carried insideJ 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3644402 91 Cash in companys principal office 1075 93 Cash belonging to the company deposited in bank and trust companies and in hands of branches GermanAmerican Bank New York City 218650 Mer chants National Bank New York City 30510042 New York Life Insurance and Trust Company New York City 22821084 Gallatin National Bank New York City 192843 New England National Bank Boston Mass 14073 GirardNationalBauk Philadelphia Pa 798984 Royal Trust Company Chi cago 111 752006 American National Bank Louisville Ky 84807 Bank of British North America San Francisco CaL 1014252 cash in Branch Offices 82795 total 564901 30 Total cash items 565977 29 15 Interest due and accrued on stocks not included in mar ket value uncollected 87958 31 17 Cash in hands of agents and in course of transmission 816752 01 All other assets both real and personal viz Rents due and accrued 1164200 due from other companies for reinsurance on losses already paid Skandia Insur ance Co 5900 American Central Insurance Com pany of St Louis Mo 501009 amount receivable under perpetual policies 73210 all other items 2000 17463 19 Total assets of the company actual cash market value 7440281 68134 COMPTROLLERGENERALS REPORT III LIABILITIES 1 Losses due and unpaid 23557 85 2 Gross losses iu process of adjustment or in suspense including all reported and sup posed losses 868005 74 3 Losses resisted including interest costs and other expenses thereon 88300 58 4 Total gross amount of claims for losses 979864 17 5 Deduct reinsurance thereon 411734 05 6 Net amount of unpaid losses 538130 12 7 Gross premiums without any deduction re ceived and receivable upon all unex pired Are risks running one year or less from date of policy 2863039 SO Unearned premiums fifty per cent 1431519 90 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 423024018 unearnud premiums pro rate 2192410 55 11 Total unearned premiums as computed above carried out 3623930 45 11a Amount reclaimable by the insured on perpetual fire insurance policies being 85 to 95 per cent of the pre mium or deposit received 221542 40 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 119352 80 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 16126 58 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 assess ments 163354 commissions brokerage aud other charges due and to become due to agents and brokers on premiums paid and in course of collection 109 96330 return premiums 1311508 reiusurauce pre miums 26025502 total 399676 9J 20 Total amount of all liabilities except capital stock scrip aud net surplus 4918759 29 23 Surplus beyond all other liabilities 2521522 39 4 Aggregate amount of all liabilities including capital paid up aud net surplus 7440281 68COMPTROLLERGENERALS REPORT 35 IV INCOME DURING THE YEAR On Fire Risks 1 Gross primiums and bills in course of col lection at close of last previous year as shown by that years statement if 729313 62 2 Deduct amount of same not collected 1404 23 3 Net collected 727909 39 4 Gross premiums on risks written and re newed during the year 6737661 94 5 Total 7465571 33 0 Deduct premiums and bills in course of collection at this date 860268 36 7 Entire premiums collected during the year 6605302 97 8 Deduct reinsurance and return premiums 2542865 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 in crease if any in value of securities viz rents 73 990 88 deposit premiums received on perpetual Are risks 593790 total 14 Amount of remittances from home office during the year 1669173 10 4062437 92 7898 59 141232 97 73990 88 15 Aggregate amount of income actually received during the year in cash 4285560 36 V EXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 53878667 losses occurring in previous years 3645156 17 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3068583 and all amounts actually received for reinsur ances in other companies 94844580 total deductions 979131 63 3 Net amount paid during the year for losses 2666024 54 2661024 54 6 Paid for commissions or brokerage 615959 70 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 373111 79 8 Paid for State national and local taxes in this and other States 136553 02 9 All other payments and expenditures viz rents print ing stationery traveling legal and all other expenses136 COMPTROLLERGENERALS REPORT amount of deposit premiums returned during 1901 on perpetual fire risks inside 1181182 total 268915 06 10 Amount sent to home offices during the year 1798376 71 Aggregate amount of actual expenditures during the year in cash 4060564 11 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written11005425 8 Premiums received gross 77819 34 Losses paid 43755 94 Losses incurred 46540 94 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 8184563 20 Premiums 78726 88 Losses 32070 38 Tax 787 26 SCOTTISH UNION AND NATIONAL FIRE INSURANCE COMPANY OF EDINBURGH GREAT BRITAIN James H Brewster Manager Principal office 197 Asylum Street Hartford Conn Edgar Dunlap Atlanta Ga Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 30000000 00 2 Amourut paid up in cash 1500000 00 9 11 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon 248462 18 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1134115 30 Interest due on all said bond and mortgage loans 6 72757 interest accrued thereon 563979 total 12367 36 Value of lands mortgaged exclusive of buildings and perihable improvements 1011610 00 Value of buildings mortgaged insured for 117470000 as collateral 1547450 00 Total value of said mortgaged premises carried inside 2599060 00 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 219280 60 Total par and market value of bonds stocks and all other securities except mortgages and amount loaned thereon 2600 00COMPTROLLERGENERALS REPORT 137 12 Cash in companys principal otfioe 875 33 13 Cash belonging to the company deposited in bank National Exchange Bank Hart ford Conn 14964732 Imperial Bank of Canada Toronto Ont922669 First National Bank Albuquerque N M 500000 San Miguel National Bank La Vegas N M 5000 00 Cleveland Trust Co Cleveland O 500000 Union Building and Loan Co Cleveland O 1000000 Lake Shore Savings and Bank ing Co Cleveland O 500000 First National Bank San Francisco Cal 12 10109 total 260975 10 Total cash items 261850 43 15 Interest due and accrued on stocks not included in mar ket value uncollected 24553 64 16 Interest due and accrued on collateral loans and uncol lected 596 23 17 Cash in hands of agents and in course of transmission 527588 58 Total assets of the company actual cash market value 4404937 32 IIILIABILITIES 1 Losses due and unpaid 132815 15 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 267275 00 3 Losses resisted including interest costs and other expenses thereon 21581 45 4 Total gross amount of claims for losses 421671 60 5 Deduct reinsurance thereon 153749 25 6 Net amount of unpaid losses 267922 35 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 142131773 unearned premiums fifty per cent 710658 86 8 Gross premiums withoutanydeduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 191974948 un earned premiums pro rata 1006925 49 11 Total unearned premiums as computed above car ried out 1717584 35 19 Ail other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerages and other138 COMPTROLLERGENERALS REPORT charges 4585637 return premiums 4310189 re insurance 10385721 192815 47 Total S 2178322 17 23 Surplus beyond capital and all other liabilities 2226615 15 24 Aggregate amount of all liabilities including capital paid up and net surplus 4404937 32 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 275380 00 3 Net collected 275380 00 4 Gross premiums on risks written and re newed during the year 4059033 60 5 Total 4334413 60 6 Deduct premiums and bills in course of col lection at this date 330384 60 7 Entire premiums collected during the year 4004029 0J 8 Deduct reinsurance and return premiums 1936564 3S 9 Net cash actually received for premiums carried out 2067464 62 10 Received for interest on bonds and mortgages 48964 40 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 84071 21 12 Income received from all other sources omitting increase if any in value of securities 1833 08 14 Amount of remittances from Home office during the year 25880 48 15 Aggregate amount of income actually received during the year in cash 2202333 31 VEXPENDITURES DURING THE YEAR on Fire Risk 1 Gross amount actually paid for losses in cluding 19093644 losses occurring in previous years 2262126 29 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1613202 and all amounts actually received for reinsur ances in other companies 86508488 total deductions 881216 90 3 Net amount paid during the year for losses 1380909 39 6 Paid for commissions or brokerage 440764 59 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 95320 78COMPTROLLERGENERALS REPORT 139 8 Paid for State national and local taxes in this and other States 90189 57 9 All other payments and expenditures viz Rents 4 128 00 general and agency expenses 11058664 total 114714 64 10 Amount sent to Home offices during the year 4228 42 Aggregate amount of actual expenditures during the year in cash 2121898 97 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 2389390 00 Premiums received gross 33221 35 Losses paid 30398 9 i Losses incurred 30513 75 BUSINESS IS GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 2711835 00 Premiums 31397 5L Losses 13232 03 Tax 31397 SOUTHERN MUTUAL FIRE INSURANCE COMPANY OFATHENS GA W W Thomas President A E Griffetii Secretary Principal office 102104 College Avenue Officers Attorneys for Service is Georgia i capital This is a mutual company having no capital stock Its assets at present market value amount to 1029202 16 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 20000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 999160 00 13 Cash belonging to the company deposited in Bank of the University 6765 11 17 Cash in hands of agents and in course of transmission 3277 05 Total assets cf the company actual cash market value 1029202 16 III LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1942 66 3 Losses resisted including interest costs and other expenses thereon 1568 42 6 Net amount of unpaid losses 3511 08 3511 08140 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction re ceived and receivableupon all unexpired Are risks running one year or less from date of policy 27439437 unearned pre miums fifty per cent 22 Scrip outstanding 23 Surplus beyond capital and all other liabilities 24 137197 IS 137197 18 124626 79 763867 11 Aggregate amount of all liabilities including capital paid up and net surplus 1029202 16 IVINCOMK DURING TItE YEAR 7 Entire premiums collected during the year 277860 12 8 Deduct return premiums 3465 7t5 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 DURING THE YEAR On Eire Risks 1 Gross amount actually paid for losses in cluding 203726 losses occurring in pre vious years 67983 29 274394 37 49512 50 323906 87 3 Net amount paid during the year for losses 5 Scrip or certificates of profits redeemed in cash 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 S ate national and local taxes in this and other States 9 All other payments and expenditures viz Profit and loss including back tax litigation settled Expense account 67983 29 167965 56 41157 86 13975 00 9476 58 19399 36 2470 86 Aggregate amount of actual expenditures during the year in cash 322428 51 Business in the State of Georgia During the Year Fire Risks lire risks written 26176173 00 Premiums received cross 274394 37 Losses paid 67983 29 Losses incurred 67888 69 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 26487300 00 Premiums 277842 s7 Losses 7921 57 Tax 2778 42COMPTROLLERGENERALS REPORT 141 SPRINGFIELD F M INSURANCE COMPANY OF SPRINGFIELD MASS A W Damon President W J Mackay Secretary E W Alfbiend Atlanta Ga Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2000000 00 2 Amount paid up in cash 2000000 00 NoteTransferred from surplus to capital account 1901 500000 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon5 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 3750 interest accrued thereon 1358573 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 383100 00 5 Value of buildings mortgaged insured for 669400 as collateral 653400 00 Total value of said mortgaged premises carried inside1036500 00 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Total par and market value of stocks and bonds and all other securities except mortgages and amount loaned thereon Cash in companys principal office 8610 34 Cash belonging to the company deposited in bank John Hancock Nat Springfield 28 22376 AgawamNat 2994742 Third Nat 9932239 Third Nat special deposit 252 20549 total jmfiW Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 1 Interest due and accrued on collateral loans a 11 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 135584 due from other companies for reinsnrance on losses already paid 1276457 Peter Cooper 26378 Nassau 24131 Munich 1225648 Total assets of the company actual cash market value 9 11 12 13 222325 00 554450 00 13623 23 4084040 00 21375 00 418309 40 26799 00 509 37 543336 02 14120 41 5898887 43142 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid So822 31 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 298173 50 3 Losses resisted including interest costs and other expenses thereon 34756 01 4 Total gross amount of claims for losses 418751 82 5 Deduct reinsurance thereon 79311 32 6 Net amount of unpaid losses 339440 50 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 200860254 unearned premiums fifty per cent 1004301 27 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 205616740 unearned premiums pro rata 1159283 18 11 Total unearned premiums as computed above carried out 2163584 45 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 108667 20 20 Total amount of all liabilities except capital stock scrip and net surplus 2611692 15 21 Joint stock capital actually paid up in cash 2000000 00 23 Surplus beyond capital and all other liabilities 1287195 28 24 Aggregate amount of all liabilities including capital paid up and net surplus 5898887 43 IVINCOME DURING THE YEAH On Fire Bisks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 391502 59 2 Deduct amountof same not collected 2835 26 3 Net collected 388667 33 4 Gross premiums on risks written and renewed during the year 3923493 87 5 Total4312161 20 6 Deduct premiums and bills in course of col lection at this date 543336 02 7 Entire premiums collected during the year 3768825 18 8 Deduct reinsurance and return premiums 846747 15 9 Net cash actually received for premiums 2922078 03COMPTROLLERGENERALS REPORT 143 10 Received for interest on bonds and mortgages 30562 32 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 158898 79 12 Income received from all other sources omitting increase if any in value of securities viz Rents4408 71 15 Aggregate amount of income actually received during the year in cashv 3115947 85 VEXPENDITURES DURING THE YEAH On Fire Risks 1 Gross amount actually paid for losses includ ing 19555664 losses occurring in previous years1726500 58 2 Deduct all amounts actually received for salv ages whether on losses of the last or pre vious year and all amounts actually received for reinsurances in other compa nies 2363202 total deductions 236320 21 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 121964 57 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Office and agency incidental legal traveling and all other ex penses j 1490180 37 150000 00 561822 08 97215 85 313558 20 Aggregate amount of actual expenditures during the year in cash 273474107 Business in the Stale of Georgia During the Year On Fire Risks Fire marine and inland risks written I611 471 Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1953627 00 r 29394 74 Premiums T 9623 76 Losses Tax 29394 23028 7S 11595 98 11218 72144 COMPTROLLERGENERALS REPORT ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUL MINNESOTA C H Bigelow President A W Perry Secretary Principal office Cor Third and Jackson Sts St Paul Minn J L Riley Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock1000000 00 1000000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrauces thereon 575882 82 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 402 150 00 3 Interest due on all said bondand mortgage loans 98974 4 Value of lands mortgaged exclusive of build ings and perishable improvements if 307475 00 5 Value of buildings mortgaged insured for 41327500 as collateral G28850 00 6 Total value of said mortgaged premises carried inside 936325 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1474132 70 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 59202 63 12 Cash in companys principal office 17423 72 13 Cash belonging to the company deposited in bank First Natl St Paul 1127097 St PaulNatl St Paul 4627596 Merchants Natl St Paul 16380272 total 221349 65 Total cash items 238 773 37 17 Cash in hpnds of agents and in course of transmission 235726 40 18 Bills receivable not matured taken for fire marie and inland risks 17446 09 Total assets of the company actual cash market value 3003314 11 IIILIABILITIES 1 Ixsses due and unpaid 59893 56 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1Q8 161 22 3 Losses resisted including interest costs and other expenses thereon 13535 00 4 Total gross amount of claims for losses 24158 78 5 Deduct reinsurance thereon 24164 10 6 Net amount of unpaid losses 217 425 68COMPTROLLERGENERALS REPORT 145 11 1 20 21 23 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 94451606 unearned premiums fifty per cent 472258 03 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 154430801 unearned pre miums pro rata 852857 46 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 17524033 87620 17 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 Commissions due agents 1412735 66 3760S 96 Total amount of all liabilities except capital stock scrip and net surplus 1667770 30 Joint stock capital actually paid up in cash 500000 00 Surplus beyond capital and all other liabilities 835543 71 24 Aggregate amountof all liabilities including capital paid up and net surplus 3003314 01 IVINCOME DURING THE YEAR 3 Net collected 4 Gross premiums on risks writ ten and renewed during the On Fire Risks 269518 08 On Marine aad Inland Risks 16932 4 year 2318566 18 64382 50 Total2588084 26 660755 84 6 Deduct premiums and bills in course of collection at this date 273335 36 17446 09 7 Eutire premiums collected dur ing the year2314748 90 643309 75 8 Deduct reinsurance and return premiums 367493 78 237893 64 9 Net cash actually received for premiums carried out 1947255 12 405416 11 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 10 in 2352671 23 15486 23 76360 34140 COMPTROLLERGENERALS REPORT 12 Income received from all other sources omitting increase if any in value of securities 25789 18 15 Aggregate amount of income actually received during the year in cash 2470300 08 On Marine and Inland Risks VEXPENDITURES DURING YEAR On Tire Risks 1 Gross amount actually paid for losses including 17461837 losses occurring in previous years 1078417 99 312811 93 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 1245744 and all amounts actually received for reinsurances in other com panies 17386312 total de ductions 90202 82 96117 74 3 Net amount paid during the year for losses 988215 17 216694 19 1204909 36 4 Cash dividends actually paid stockholders amount of stockholders divividends declared during the year ii 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 Rents 5400 postage 956586 internal revenue 688199 expense 13206130 total 50000 00 493630 97 92247 42 57981 27 153909 15 Aggregate amount of actual expenditures during the year in cash 2052678 17 Business in the State of Georgia During the Year Fire R isks Fire marine and inland risks written 2717037 00 Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 RisksI Premiums Losses Tax 26387 70 27923 34 35067 08 17043 34 350 67COMPTROLLERGENERALS REPORT 147 U S BRANCH STJN INSURANCE OFFICE OF LONDON ENGLAND J J Guile Manager Principal Office 54 Pine St New York City A B Andrews Atlanta Ga Attorney for Service in Georgia 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 Cduly recorded and being first liens on the fee simple 188000 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 185083 total 1850 83 4 Value of lands mortgaged exclusive of buildings and perishable improvements 148000 00 5 Value of buildings mortgaged insured for 12700000 as collateral 140000 00 6 Total value of said mortgaged premises carried inside 288000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1698447 50 12 Cash in companys principal office 1711 31 13 Cash belonging to the company deposited in bank Bank of New York 10887061 Merchants National Bank 10368926 Western National Bank 762851 Mer cantile Trust Co 182877 Commercial National Bank Chicago III 2433770 total 46354 85 Total cash items 248066 16 15 Interest due and accrued on stocks not included in mar ket value uncollected 16744 68 17 Cash in hands of agents and in course of transmission 312030 90 All other assets both real aud personal viz rents due and accrued 1316 67 Total assets of the company actual cash market value 2716456 74 IIILIABILITIES 1 Losses due and unpaid 76780 75 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 111782 00 3 Losses resisted including interest costs and other expenses thereon 29155 30 4 Total gross amount of claims for losses 217718 05 5 Deduct reinsurance thereon 24026 12 6 Net amount of unpaid losses 193691 93148 COMPTROLLERGENERALS REPORT 11 17 19 20 23 24 7 8 9 10 11 12 15 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 122174092 unearned premiums fifty per cent 610870 46 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 172276898 unearned premiums pro rata 907882104 Total unearned premiums as computed above carried out 151875250 Due nd accrued for salaries rent advertising and for agency and other miscellaneous expenses 1851 79 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 288675 commissions brokerageetc 58 50230 reinsurance 862856 total P017 61 Total amount of all liabilities except capital stock scrip and net surplus 1784313 83 Surplus beyond capital and all other liabilities 932142 91 Aggregate amount of all liabilities including capital paid up and net surplus 2716456 74 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 292385 89 Net collected 292385 89 Gross premiums on risks written and re newed during the year 2391071 26 Total 2683457 15 Deduct premiums and bills in course of col lection at this date 314068 09 Entire premiums collected during the year 2369389 06 Deduct reinsurance and return premiums 554294 20 Net cash actually received for premiums carried out 1815094 Mi Received for interest on bonds and mortgages 9080 00 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 66130 15 Income received from all other sources omitting increase if any in value of securities 9897 54 ggregate amount of income actually received during the year in cash 1900202 55COMrTROLLERGENERALS REPORT 149 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 17980716 losses occurring in previous years 1109064 38 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 734274 and all amounts actually received for reinsur ances in other companies 6993124 to tal deductions 77273 98 3 Net amount paid during the year for losses 1031790 40 6 Paid for commissions or brokerage 420668 72 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 97757 25 8 Paid for State national and local taxes in this and other States 50888 38 9 All other payments and expenditures viz Rents 21 01104 general and agency expenses 7008645 adver tising stationery and printing 1449806 postage 10 27785 maps 372733 total 119600 73 10 Amount sent to home offices during the year 12515000 Aggregate amount of actual expenditures during the year in cash 1720705 48 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 2078073 00 Premiums received gross 25023 36 Losses paid 11683 05 Losses incurred 11900 33 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Kisks 2520648 65 Premiums 29700 00 Losses 7243 11 Tax 297 00 SUN FIRE INSURANCE COMPANY OF NEW ORLEANS LA Charies Janvier President Fergus G Lee Secretary Principal Office 308 Camp Street John C Whitnkr Atlanta Ga Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00150 COMPTROLLERGENERALS REPORT 1 Market value of real estate owned by the company leBS the amount of incumbrances thereon 35000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 941028 00 12 Cash in companys principal office 700 90 13 Cash belonging to the company deposited in bank viz Canal Bank of New Orleans La 1145342 New Orleans National bank of New Orleans La 395069 National City Bank of New York City 378670 Whitney National Bank of New Orleans La 60000 Provident Savings Bank of New Orleans La 109342 Hibernia Na tional Bank of New Orleans La 40000 Citizens Bank of Louisiana New Orleans La 40000 Louisiana National Bank of New Orleans La 20000 total 21884 23 Total cash items 22585 13 Premiums in course of collection not more than three months due 89833 10 Total assets of the company actual cash market value 1038446 3 IIILIABILITIES Losses due and to become due 9482 00 Gross losses in process of adjustment or in suspense including all reported and sup pose losses 33219 00 Losses resisted including interest costs and other expenses thereon 6546 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 49247 00 7805 00 6 Net amount of unpaid losses 41442 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or esi from date of policy 23956908 unearned pre miums fifty per cent 119784 54 s iross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 13778660 unearned premiums pro rata 77866 64 11 Total unearned premiums as computed above carried out 197651 IS 16 Cash dividends to stockholders remaining unpaid 26655 00HMBM COMPTROLLERGENERALS REPORT 151 18 Amount of borrowed money 19 Unpaid reinsurance Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 60000 00 11109 70 336757 88 500000 Oo 201688 35 24 Aggregate amount of all liabilities including capital paid up and net surplus 1038446 23 IVINCOME DURING THE YEAH 3 Net collected 4 Gross premiums on risks writ ten and renewed during the year 5 Total 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected du ring the year 8 Deduct reinsurance and re turn premiums On Fire Risks 50118 55 493370 15 On Marine and Inland Risks 5944 24 26969 50 543488 70 32913 74 41236 13 45 96 502252 57 224442 95 32867 78 7723 70 9 Net cash actually received for premiums carried out 277809 62 25144 08 11 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 Rents 260000 other sources 23976 profit and loss account 1402731 bills payable 6000000 total 15 Aggregate amount of income actually received during the year in cash 302953 70 28844 90 76867 07 408665 67 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 5156113 losses occurring in previous years 2 Deduct all amounts actually re received for salvages whether on losses of the last or of previous year 450911 and all amounts actually received for rein surances in other compa On Fire Risks On Marine and Inland Risks P55164 62 12351 35152 COMPTROLLERGENERALS REPORT nies 6714971 total de ductions 67165 24 4493 58 3 Net amount paid during the year for losses 287999 38 7857 77 295857 15 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50 000 00 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officer 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 250000 repairs to real estate 538874 miscellaneous 1734023 proit and loss 2053026 total 24627 50 34146 44 24462 67 14480 18 45759 23 Aggregate amount of actual expenditures during the year in cash 439333 17 Business in the State of Georgia During the Year On Fire Eisks Risks written gross 2110381 00 Premiums received gross 36876 82 Losses paid 16617 12 Losses incurred 17319 36 Amount at risk 2321410 00 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Risks Premiums Losses Tax 2113724 00 37341 01 10215 00 373 41 TRADERS FIRE INSURANCE COMPANY OF CHICAGO ILL Tiiiks J Lkfens President S A Rothermel Secretary Principal Office 160 LaSalle Street John T Rowland Atlanta Attorney for Service in Georgia 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 51061 17 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 128200 00 3 Interest due on all said bond and mortgage loans 71500 interest accrued thereon 305540 total 3770 40COMPTROLLERGENERALS REPORT 153 4 Value of lands mortgaged exclusive of build ings and perishable improvements 287933 50 5 Value of buildings mortgaged insured for 10888300 as collateral 189383 00 6 11 12 13 15 16 17 Total value of said mortgaged premises car ried inside 478316 50 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon Cash in companys principal officeI 931 01 Cash belonging to company deposited in bank Corn Exchange National Bank 170564 35 1958781 90 13400 00 Total cash items 171495 36 Interest due and accrued on stocks not included in market value uncollected 6875 34 Interest due and accrued on collateral loans and uncollected 1341 70 Cash in hands of agents and in course of transmission 176223 13 All other assets both real and personal viz Rents due and accrued 5850 due from other companies etc for losses paid and premiums advanced 2119319 21281 69 Total assets of the company actual cash market value 2532430 69 IIILIABILITIES 1 Losses due and unpaid 2 Cross 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 63746 79 93014 67 5830 36 162591 82 23754 64 451461 04 6 Net amount of unpaid losses 7 Cross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 90292208 unearned pre miums fifty per cent 8 Cross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 79209179 unearned premiums pro rata 446566 28 11 Total unearned premiums as computed above carriedout 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 1819155 all other items 915627 138837 18 89S027 32 27347 82 Total 1064212 32154 COMPTROLLERGENERALS REPORT 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 500000 00 968218 37 2532430 69 IVINCOME DURING THE YEAR 5 6 7 8 9 10 11 12 15 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement Deduct amount of same not collected Fire 151417 30 527 32 153889 98 Net collected Gross premiums on risks written and renewed during the year 1697157 83 Total 1851047 81 Deduct premiums and bills in course of col lection at this date 178912 17 Entire premiums collected during the year 1672135 64 Deduct reinsurance and return premiums 452283 43 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 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 10851362 losses occurring in previous years 909802 49 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 669049 and all amounts actually received for reinsurances in other companies 9690072 total deductions 103591 21 1219852 21 8149 54 82265 09 2153 47 1312420 31 Net amount paid duing the year for losses Cash dividends actually paid stockholders amount of stock holders 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 806211 28 50000 00 283755 71 78768 13 41000 77COMPTROLLERGENERALS REPORT 155 9 All other payments and expenditures viz Rent postage printing supplies and miscellaneous expenses 69989 40 Aggregate amount of actual expenditures during the year in cash 1326725 29 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 1429897 00 Premiums received gross 24391 86 Losses paid 16400 56 Losses incurred 24274 00 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Risks 1593793 00 Premiums 26984 26 Losses 252r4 23 Tax 269 84 UNION ASSURANCE SOCIETY OF LONDON ENGLAND Hall Henshaw U S Managers Principal office 35 Pine St New York City E W Alfriend Atlanta Attorney for Service in Georgia IIASSKTS 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 1125638 00 12 Cash in companys principal office 6279 24 13 Cash belonging to the company deposited in bank Union Trust Co New York 3982944 Canadian Bank of Commerce San Francisco 874010 total 48569 54 15 Interest due and accrued on stocks not included in market value uncollected 9938 14 17 Cash in hands of agents and in course of transmission 135735 36 Total assets of the company actual cash market value 1526160 28 IIILIABILITIES 1 Losses due and unpaidS 88224 80 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 128440 29 3 Losses resisted including interest costs and other expenses thereon 8414 86 4 Total gross amount of claims for losses 225079 95 5 Deduct reinsurance thereon 39381 09 6 Net amount of unpaid losses 185698 86156 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 89729917 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 40478064 unearned premiums pro rata 448 649 59 232686 88 11 Total unearned premiums as computed above carried out 681336 47 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 78331 reinsurance 145131 Commissions etc due agents 2534357 total 27578 19 20 23 24 Total amount of all liabilities except capital stock scrip and net surplus 894613 52 Surplus beyond capital and all other liabilities 631546 76 Aggregate amount of all liabilities including capital paid up and net surplus 1526160 28 IVINCOME DURING THE YEAR On Fire Risks 11 12 14 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 183676 58 Net collected 183676 58 Gross premiums on risks written and re newed during the year 1466865 15 Total 1650541 73 Deduct premiums and bills in course of col lection at this date 136162 57 Entire premiums collected during the year 1514379 16 Deduct reinsurance and return premiums 456592 52 Net cash actually received for premiums carried out 1057786 641057786 64 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 37380 40 Income received from all other sources omitting increase if any in value of securities 9012 52 Amount of remittances from home office dur ing the year 130000 00 15 Aggregate amount of income actually received dur ing the year in cash 1104179 56COMPTROLLERGENERALS RETORT 157 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 17041391 losses occuring in pre vious years 786598 97 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 931114 and all amounts actually received for reinsur ances in other companies 11133409 total deductions 120645 23 3 Net amount paid during the year for losses 665953 74 665953 74 6 Paid for commissions or brokerage 257303 70 7 Paid for salaries fees and other charges of officers 1004731 clerks 2499029 agents 2463232 and all other employes 126000 60929 92 S Paid for State national and local taxes in this and other States 35358 12 9 All other payments and expenditure viz Rents 1500 advertising printing and stationery 500088 miscel laneous 5270767 total 59208 55 10 Amount sent to home offices duringthe year 212558 41 Aggregate amount of actual expenditures during the year in cash 1078754 03 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 1466550 00 Premiums received gross 18182 70 Losses paid 41251 24 Losses incurred 42633 75 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1349567 00 Premiums 9697 13 Losses 9434 40 Tax 96 97 WESTERN FIRE ASSURANCE COMPANY OF TORONTO CANADA Hon Geo A Cox President J J Kenny VicePresident C C Foster Secretary Principal Office 22 Wellington St East Toronto Geo J Dexter Atlanta Attorney for Service in Georgia IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 20000 00 9 Total par market value of stocks and bonds owned ab solutely by the company carried out at market value 1722478 89158 COMPTROLLERGENERALS REPORT 12 Cash in companys principal office 262 34 13 Cash belonging to the company deposited in bank Canadian Bank of Commerce Alex Laird and Wm Gray Agents New York 17538980 Corn Exchange Na tional Bank Chicago 566438 total 176054 18 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 176316 52 316253 92 45904 52 10 11 19 20 23 24 Total assets of the company actual cash market value 2280953 85 IIILIABILITIES Losses due and unpaid 42301 91 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 190832 73 Losses resisted including interest costs and other expenses thereon 9000 00 Total gross amount of claims for losses 152134 64 Net amount of unpaid losses 152134 64 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 160454141 un earned premiums fifty per cent Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 88661713 un earned premiums pro rata Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired in land navigation and marine risks 154 69746 Gross premiums without any deduction received and receivable on all uuexpired marine risks 802270 70 459827 59 77348 73 784965 Total unearned premiums as computed above carried out 1347296 67 All other demands against the company absolute and contingent due and to become due admitted and con tested 46030 76 Total amount of all liabilies except capital stock scrip and net surplus 1545462 07 Surplus beyond capital and all other liabilities 735491 78 Aggregate amount of all liabilities including capital paid up and net surplus 2280953 85COMPTROLLERGENERALS REPORT 159 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 344668 28 3 Net collected 344668 28 4 Gross premiums on risks written and renewed dur ing the year 2595535 77 5 Total 2940004 05 6 Deduct premiums and bills in course of collection at this date 256302 60 7 Entire premiums collected during the year 2683901 45 8 Deduct reinsurance rebate abatement and return pre miums 666882 30 On Marine and Inland Risks 81881 33 81881 33 549653 54 631534 87 105855 84 525679 03 76877 53 it Net cash actually received for premiums carried out 2017019 15 448801 50 2465820 65 10 Received for interest on bonds and mortgages 1300 00 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 70985 81 16 Aggregate amount of income actually received during the year in cash 2538106 46 EXPENDITURES DURING THE YEAR On Fire Risks On Marine and Inland Risks 1 Gross amount actually paid for losses including 172 06470 losses occurring in previous years 1355286 04 348284 56 2 Deduct all amounts actually received for salvage whether on losses of the last or previous years 73941 81 23353 62 3 Net amount paid during the year for losses1281344 23 324930 94 1606275 17 6 Paid for commission or brokerage 471689 43 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 92390 00160 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 60962 92 9 All other payments and expenditures 147468 03 Aggregate amount of actual expenditure during the year in cash 2378 785 55 Bitsiness in the State of Georgia During the Year Marine and In Fire Risks land Risks Aggregate Fire marine and inland risks written 1784070 00 387155 00 2171225 00 Premiums received gross 31710 58 1300 18 33010 76 Losees paid 27382 00 27382 00 Losses incurred 26271 71 26271 71 BUSINESS IN GEORGIA FOR YEAR ENDING APRID 30 1902 Risks 2828699 00 Premiums 32490 73 Losses 8828 15 Tax 24 oo WESTCHESTER FIRE INSURANCE COMPANY NEW YORK NY Georg R Crawford Pres Moreil O Brows Secy Home office 66 Wall Street New York N Y J L Riley Atlanta Ga Attorney for Service in Georgia icapital stock 1 Amount of capital stock authorized 300000 00 Subscribed for300000 00 2 Amount of capital paid up in cash 300000 00 Amount of net ledger assets December 31st of previous year 2343902 34 Extended at 2343902 34 irincome during year As shown by the books at home office at close of business Dec 31 1 Gross premiums and bills unpaid at close of previous year as shown by that years state Fire ment 275470 74 2 Deduct amount of same not collected 2780 00 8 Net collected 272690 74 4 Gross premiums written and renewed during the year 2385913 14 r Total 2658603 88 6 Deduct gross premiums and bills in course of collection at this date 231336 66 7 Entire premiums collected during the year 2427267 22 8 Deduct reinsurance rebate abatement and return premiums 536320 14 9 Received for premiums other than perpetuals 1890947 OSCOMPTROLLERGENERALS REPORT 161 11 Rents from company property including for companys use of own buildings 1754 81 12 Interest on real estate mortgage loans on other collateral loans 31527 51 13 Interest and dividends on stocks and bonds f from all other sources 6580745 Tolal rents and interest 14 Profit on sale or maturity of ledger assets during the year over book values 99089 77 269592 67 Total income during the year 2259629 52 Total footings 4603531 86 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business Dec 31 1 Gross amount paid for losses including 119 Fire 76280 occuring in previous years 1256704 80 2 Deduct amounts received for salvages on losses of the last or of previous years 3 18131 and from reinsurance in other com panies 14991907 153100 38 3 Net amount paid during the year for losses 1103604 42 5 Paid stockholders for interest or dividends amount de clared during the year 4800000 48000 00 7 Commissions or brokerage to agents less received on re insurances 422825 56 9 Rents 3241 75 10 Salaries fees and all other charges officers 4100000 clerks 3171307 other employes 4550054 11 Taxes on premiums 3261504 on real estate 367109 12 Insurance department fees and agents licenses 619466 municipal licenses 228063 tax on franchise 204925 13 Advertising printing and stationery 3060524 repairs and expenses on real estate 56483 miscellaneous 13624960 i Total expenditures during the year 1910115 68 Balancel 2693416 18 118213 61 36286 13 10524 54 167419 67 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business December 31 1 Book value real estate 260520 63 2 Mortgage loans on real estate 519497 50 4 Book value of bonds excluding interest 50008637 and stocks 108434375 1584430 12 11 in162 COMPTROLLERGENERALS REPORT 5 Cash deposited in bank Chatham National Bank New York 8496289 Union Trust Co New York 24100504 total 328967 93 Total2693416 18 Total net ledger assets 2693416 18 NONLEDGER ASSETS 8 Interest due 686237 and accrued 340436 on mortgages 10266 73 Total carried out 14 Market value of bonds and stocks over book value 15 Gross premiums in course of collection De cember 31 not more than three months due 231336 66 16 Deduct cost of collection commission and brokerage 53860 29 17 Net amount of uncollected premiums not more than three months due 18 Gross premiums in course of collection December 31 more than three months due carried in 1462090 10266 73 272289 88 177476 37 Gross assets 3153449 16 DEDUCT ASSETS NOT ADMITTED 5 Depreciation from book values of above net ledger assets to bring same to market value Real estate 270 63 Total 270 63 Total admitted assets 3153178 53 VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid not yet due 44004 86 2 Losses in process of adjustment or in sus pense including all reported and supposed losses 164496 64 3 Losses resisted not outlawed including in terest costs and other expenses thereon 13750 00 4 Total amount of claims for losses 222251 50 5 Deduct reinsurance due or accrued 43334 51 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 Are risks 120308678 unearned premiums fifty percent 601543 39 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of 178917 19COMPTROLLERGENERALS REPORT 163 policy 163360570 unearned premiums pro rata 885905 70 11 Total unearned premiums as computed above 1487449 09 22 Total amount of all liabilities 1666366 28 23 Joint stock capital actually paid up in cash 300000 00 25 Divisible surplus 1186812 25 1486812 25 Total 3153178 53 Business in the State of Georgia During the Year Fire Risks Gross risks written 2486081 00 Gross premiums received 31367 82 Losses paid 31506 70 Losses incurred 30500 00 Amount at risk 3107601 00 BUSINESS IN GEORGIA FOK YEAR ENDING APRIL 30 1902 Risks 3440546 00 Premiums 40725 29 Losses 15962 15 Tax 407 25 WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOK LYN N Y Maeshall S Dhiggs President Frederick F Way Secretary Geo M Brown Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 250000 00 f 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 incumbrance thereon 638000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 253450 00 3 Interest due on all said bond and mortgage loans 1 53000 interest accrued thereon 113110 total 2661 10 4 Value of lands mortgaged exclusive of build ings and perishable improvements 211250 00 5 Value of buildings mortgaged insured for 22330000 as collateral 220000 00 Total value of said mortgaged premises car ried inside 431250 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1151350 00 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 25000 00 12 Cash in companys principal office 1197 09164 COMPTROLLERGENERALS REPORT 13 Cash belonging to the company deposited in bank First Nat Bank 1928165 Williams burgh Trust Co 453901 Chatham Na tional Bank 278202 Mechanics National Bank 117985 total 17787 53 Total cash items 18984 62 15 Interest due and accrued on stocks not included in mar ket value uncollected 7109 50 16 Interest due and accrued on collateral loans and uncol lected 104 16 17 Cash in hands of agents and in course of transmission 128386 56 All other assets both real and personal Rents due and accrued 644618 due from other companies for rein surance on losses already paid Lafayette 77515 Cit izens N Y 168216 Ins Co of N A 1500 Dela ware 2600 Nassau 688 Glens Falls 757 Hamil ton 1271 Phenix 250 total897465 Total assets of the company actual cash market value 2234020 59 IIILIABILITIES 1 Losses due and unpaid 19448 79 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 50524 27 3 Losses resisted including interest costs and other expenses thereon 12054 57 4 Total gross amount of claims for losses 82027 63 5 Deduct reinsurance thereon 8516 73 6 Net amount of unpaid losses 73510 90 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 49438689 unearned premiums fifty per cent 247193 44 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 84649550 unearned pre miums pro rata 443593 55 11 Total unearned premiums as computed above carried out 690786 99 19 All other demands against the company absolute and contingent due and to become due admitted and con tested31789 63 20 Total amount of all liabilities except capital stock scrip and net surplus 796087 52 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 1187933 07 24 Aggregate amount of all liabilities including capital paid up and net surplus 2234020 59COMPTROLLERGENERALS REPORT 165 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 102853 20 2 Deduct amount of same not collected 8228 25 3 Net collected 94624 95 4 Gross premiums on risks written and renewed during the year 990020 99 5 Total 1084645 94 6 Deduct premiums and bills in course of col lection at this date 129183 32 7 Entire premiums collected during the year 955462 62 8 Deduct reinsurance and return premiums 167412 23 9 Net cash actually received for premiums carried out 788050 39 10 Received for interest on bonds and mortgages 9808 64 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 48390 65 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 7167 49 15 Aggregate amount of income actually received during the year in cash 853417 17 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 4955370 losses occurring in previous years 408693 93 2 Deduct all amounts actually received for salv ages whether on losses of the last or of pre vious year 179803 and all amounts actu ally received for reinsurances in other com panies 2426447 total deductions 26062 50 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 60 00000 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 382631 43 61996 00 204276 20 76800 54 7592 66 50076 24 783373 07106 COMPTROLLERGENERALS REPORT Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 1496067 90 Premiums received gross 20143 09 Losses paid 4399 99 Losses incurred 5187 66 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 1678857 00 Premiums 22927 78 Losses 4372 77 Tax 229 27 ETNA LIFE INSURANCE COMPANY HARTFORD CONN M G Bulkeley President J L English Secretary Home Office 650 Main Street Hartford Conn Jno M Green Atlanta Attorney for Service in Georgia ICAPITAL 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 pre vious year 52862693 13 Extended at 52862693 13 IIINCOME DURING THE YEAR As Shmon by the Books at Horn office at Close of Business December 31 1901 1 First years premiums less interest included in deferred premiums 1103719 42 2 Renewal premiums less inter est included in deferred pre miums and 896690 for renewal re insurance 5874934 68 3 Single premiums without de ductions for commissions or other expenses 50391 03 4 Dividends applied by policy holders to pay running pre miums 639656 29 5 Dividends applied by policy holders to purchase paidup additions and annuities 1147 51 6 Surrender values applied to pay running premiums first years premiums 540488 renewals 306 86 5711 74COMPTROLLERGENERALS REPORT 167 Surrender values applied to purchase paidup insurance and annuities 214234 93 9 Total premium income life business 7889795 60 10 Rents from companys prop erty including 1600000 for companys use of own build ings 37023 46 11 Interest on loans on mort gages of real estate 1369332 36 12 Interest on collateral loans including premium notes loans or liens 189106 55 13 Interest on bonds and divi dends on stocks less 31 79975 premium paid on se curities entered at par 801573 37 Interest on other debts due the company and on depos its in banks 87027 89 Discount on claims paid in advance 2033 93 14 15 16 Total rents and interest 2486097 56 17 Profit on sales of real estate 112808 28 on sale or maturity of securities 19097250 203780 78 Premium income accident business 10579673 94 1329977 66 Total income during the year 11909651 60 Sum of both amounts 64772344 73 IIIDISURSEMENTS DURING THE YEAR As Shown by the Booki at Home office at Close of Business December 31 1901 1 For death claims 2633085 10 2 Matured endowments 1567002 04 3 Installment death claims 6959 09 5 Total 4207016 23 Total net amount actually paid for losses and matured endowments 8 Dividends paid policyholders less 23496 received for dividends on reinsurances 9 Dividends applied by policyholders to pay running premiums 10 Dividends applied by policyholders to pur chase paidup additions and annuities 11 Surrender values paid less 9600 received on surrendered reinsurances 4207046 23 251336 74 639656 29 1147 51 151592 31I68i COMPTROLLERGENERALS REPORT 12 Surrender values applied to pay running premiums 5711 74 13 Surrender values applied to purchase paid up insurance and annuities 214234 93 Total paid policyholders 547072575 14 Paid stockholders for interest or dividends 175000 00 15 Commissions and bonuses to agents less commission received on reinsurances on new policies 60683663 single premium policies 358894 on renewel policies 34894660 959372 17 17 Salaries and allowances for agencies in cluding managers agents and clerks 35539 01 18 Salaries and all other compensation officers 5984866 Home office employees 135 71046 195559 12 19 Medical examiners fees 7406500 inspec tion of risks 994217 84007 17 20 Taxes on new premiums 1547115 re newal premiums 5436347 franchise 11321077 reserves 732132 municipal licenses 524406 internal revenue 9 40850 205019 27 21 Taxes on real estate 7933 59 22 Insurance department fees and agents licenses 8145 68 23 Repairs and expenses other than taxes on real estate 31783 36 24 Rent including 1600000 for companys use of own buildings 36059 49 25 Advertising 1550805 printing and sta tionery 2197901 postage 3598609 73473 15 26 Legal expenses 1376273 furniture etc 447167 18234 40 28 All other disbursements viz Supplies 5489938 express 611627 telegraph 231399 travel 923138 exchange 2 38332 incidentals 258214 77526 48 Total miscellaneous expenses 7752648 Total disbursements life business r 7378378 62 Total disbursements accident business 1233111 89 Total disbursements 8611490 51 Balance56160854 22 IVLEDGER ASSETS At per Ledger Accounts Shown by the Books at Home office at Close of Business December 31 1901 1 Book value real estate unincumbered 594228 55 2 Mortgage loans on real estate first liens 23828752 84H COMPTROLLERGENERALS REPORT 169 3 Loans secured by pledge of bonds stocks or other collateral 890442 72 4 Loans made to policyholders on this com panys policies assigned as collateral 2103685 00 5 Premium notes or liens on policies in force of which 553008 is for first years prem iums 417911 39 6 Book value bonds excluding interest 16 67291544 stocks 387632298 20549238 42 7 Cash in companys office 13663418 de posited in bank 758565794 Etna Natl Bank 409661748 First Natl Bank of New York 484417 United Statas Bank 176713009 Natl City Bank NewYork 6567926 Ontario Bank at Toronto On tario 808483 Bank of Toronto at Mon treal Quebec 902045 Rockville Natl Bank 324603 Farmers and Mechanics Natl Bank 6241292 American Nation al Bank 26146575 National Exchange Bank 10328866 Charter Oak National Bank 15296695 Conn Trust and Safe Deposit Co 7886262 City Natal Bank 1225322 Conn River Banking Co 35 47251 First National Bank of Hartford 35913850 State Bank Hartford 76 52500 Security Company 4030453 Hartford National Bank 24572095 Hart ford Trust Company 202624027585 65794 7722292 12 8 Bills receivable 3778281 agents debit balances 3913883 76921 64 Total56183472 68 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 1994112 bor rowed money all other 267734 22618 46 Total net ledger assets as per balance above 56160854 22 NONLEDGER ASSETS 10 Interest due 3818761 and accrued 309 65716 on mortgages 347844 77 11 Interest due 2208312 and accrued 120 13833 on bonds and stocks 142221 45 12 Interest due 571794 and accrued 180000 on collateral loans 7517 94 13 Interest due 24041158 on premium notes loans or liens less 5102075 esti mated amount collected in 1901 in advance 189390 83 14 Interest due on other assets 601 38170 COMPTROLLERGENERALS REPORT 15 Rentsdue 20792 and accrued 227866 on companys property or lease 2486 58 690062 95 17 Market value not including interest in item 11 of bonds and stocks over book value 2124982 72 New Business Renewals 18 Gross premiums not more than than three months due after period of grace unre ported on outstanding poli cies in force December 31 111412 59 352155 41 19 Gross deferred premiums on outstanding policies in force Dec 31 43618 17 305316 38 20 Totals 155030 76 657471 79 21 Deduct cost of collection 55 per cent on new and 54 per cent on renewals 85266 92 36160 95 22 Net amount of uncollected and deferred premiums 69763 84 621310 84 691074 68 Gross assets 59666974 57 DEDUCT ASSETS NOT ADMITTED 3 Commuted commissions and agents debit balances unsecured 27787 27 4 Loans on personal security and bills receiv able unsecured 27184 22 5 Premium notes loans or liens and premi ums in item 22 in excess of reserve policies 642 18 6 Commissions payable to agents on premium notes when paid 1669 73 Total nonadmitted assets 57283 40 Total admitted assets 59609691 17 VNONLEDGER LIABILITIES As Shown by the Books at Home Office at Close of Business December 31 1901 1 Net present value of all the outstanding policies in force on Dec 31 as computed by the company according to the actua ries table of mortality with four per cent interest on old business and on three and onehalf basis on business issued in 1901 50612805 00 Total 50612805 00 Deduct net value of risks of this company reinsured in other solvent companies 48826 00 Net reserve 50563979 00 2 Present value four per cent of amounts not yet due on matured instalment policies face 8452222 70971 00COMPTROLLERGENERALS REPORT 171 3 Matured endowments due and unpaid 58112 00 5 Death losses in process of adjustment or adjusted and not due 98320 00 6 Death losses which have been reported and no proofs received 42569 00 7 Death losses and other policy claims resist ed by the company not yet outlawed 23679 00 Gross policy claims 222680 00 Net policy claims 222680 00 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 793610 16 11 Salaries rent expenses taxes bills accounts bonuses commissions medical and legal fees etc due or ac crued 10000 00 12 Premiums paid in advance 18023 65 13 Surrender values claimable on policies canceled whose reserves are not included in item 1 7767 00 14 Any other liability viz Special reserve in addition to the reserve above given 2016345 00 Total liabilities life business 53708375 81 Total liabilities accident business 578234 11 Liabilities on policyholders account 54286609 92 Surplus 3573081 25 Capital stock paid up 1750000 00 5323081 25 Total 59609691 17 Business in Georgia During the Year No Amount Number and amount of policies on the lives of citi zens of said tate in force December 31 of previous year 1737 3827266 00 Number and amount of policies on the lives of citi zens of said State issued during the year 1007 1566647 00 Total 2744 5393913 00 Deduct number and amount which have ceased to be in force during the yar 436 932416 00 Total number and amount of policies in force in said State Dec 31 last 2308 4461497 00 Amount of losses and claims on policies in said State unpaid Dec 31 of previous year 4 6528 00 Amount of losses and claims on policies in said State incurred during the year 24 55054 00 Total 28 61582 00 Amount of losses and claims on policies in said State settled during the year in cash 52 79140 by compromise 1603 26 23 54394 66 What amount of premiums was collected or secured in said State during172 COMPTROLLERGENERALS REPORT the year in cash and notes or credits without any deduction for losses r dividends commissions or other expenses AnswerCash 13772440 j notes or credits total 13772440 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 5471412 00 Premiums 148888 31 Losses 60641 09 Tax 1488 88 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY HARTFORD CONN Jacob L Greene President Daniel H Wells Actuary John M Taylor VicePresident Herbert H White Secretary Principal Office 783 Main Street Hartford Conn Max L Byck Savannah Ga Attorney for Service in Georgia ICAPITAL STOCK Amount of net ledger assets December 31 of previous year 62340022 29 Extended at 62340022 29 IIINCOME DURING YEAR 1901 As Shown by the Books at the Home Office at the Close of Business December 31 1901 1 First years premiums less in terest included in deferred premiums 403656 67 2 Renewal premiums less in terest included in deferred premiums 3529287 03 3 Dividends applied by policy holders to pay running pre miums see item 9 Dis bursements 1078310 67 5 Surrender values applied to pay running premiums 1st year premiums 208190 renewals 1101515 see item 12 Disbursements 13097 05 6 Surrender values applied to purchase paidup insurance and annuities see item 13 Disbursements 68919 04 7 Consideration for annuities other than matured in stallment policies 15783 09 8 Total premium income 5109053 55COMPTROLLERGENERALS REPORT 173 9 Rents from companys prop erty 457621 10 10 Interest on loans on mort gages of real estate 1405795 80 11 Interest on collateral loans including premium notes loans or liens 46558 27 12 Interest on bonds and divi dends on stocks 1055523 05 13 Interest on other debts due the company and on de posits in banks 17409 54 14 Discount on claims paid in advance 1908 82 15 Total rents and interest 2984816 58 16 Profit on sales of real estate 189411 55 Less loss on sales of real estate 100807 80 88603 75 Total income during the year 8182473 Sum of both amounts 70522496 17 IIIDISBURSEMENTS DURING YEAR 1901 As Shown by the Books at the Home Office at Close of Business December 31 1901 1 For death claims 4213765 06 2 Matured endowments 424505 00 Total 4638270 06 5 Total net amount actually paid for losses and matured endowments Paid to annuitants Premium notes paid by lapse Dividends paid policyholders Dividends applied by policyholders to pay running premiums see item 3 Income 11 Surrender values paid 12 Surrender values applied to pay running premiums see item 5 income Surrender values applied to purchase paid up insurance and annuities see item 6 Income Total paid policyholders 648170862 Commissions and bonuses to agents less commissions received on reinsurances on new policies 10388290 on renewal policies 29859806 on annuities22285 Salaries and allowances for agencies in cluding managers agents and clerks 6 7 8 9 IP 15 17 4638270 06 4224 87 426 00 206685 57 1078310 67 471775 36 13097 05 68919 04 402703 81 18500 00174 COMPTROLLERGENERALS REPORT 18 Salaries and all other compensation of ficers 6675000 home office employees 9426334 19 Medical examiners fees 20 Taxes on new premiums 334026 renewal premiums 3006236 franchise 154 15740 reserves 1180458 municipal licenses 210490 internal revenue 483853 21 Taxes on real estate 22 Insurance department fees and agents licenses 23 Repairs and expenses other than taxes on real estate 24 Rent for companys use of own buildings less 13333 received under sublease 25 Advertising 4073792 printing and sta tionery 2256386 postage 1801538 26 Legal expenses 28 All other disbursements viz Express 281395 telegraph 141940 traveling 2114436 miscellaneous 1336760 Total miscellaneous expenses 139120463 161013 34 23972 84 206308 03 175353 48 4191 11 251727 49 8373 68 81317 16 18998 38 38745 31 Total disbursements 7872913 25 Balance 62649582 92 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1901 1 Book value of real estate unincumbered 11919575 31 2 Mortgage loans on real estate first liens 23551115 84 3 Loans secured by pledge of bonds stocks or other collaterals 2300 00 5 Premium notes on policies in force 697032 91 6 Book value of bonds excluding interest 2455715361 stocks 80345400 25360607 61 7 Cash deposited in bank 1105970 23 J P Morgan Co New York 30894974 First National Hartford S900107 Con necticut Trust and Safe Deposit Com pany Hartford 21594073 State Hart ford 12769194 Phoenix National Hartford 30276952 City Hartford 6161723 8 Bills receivable 391877 agents debit balances 906225 12981 02 Total 62649582 92 Total net ledger assets as per balance above 62649582 92COMPTROLLERGENERALS REPORT 175 NONLEDGER ASSETS 10 Interest due 5505104 and accrued 457 21952 on mortgages 512270 56 11 Interest due 1090000 and accrued 247 00085 on bonds and stocks 257900 85 12 Interest due and accrued on collateral loans 28 75 13 Interest due 10758088 and accrued 22 93158 on premium notes loans or liens 130512 46 15 Rents due 517165 and accrued 546163 on companys property or lease 10633 28 911345 90 17 Market value of bonds and stocks over book value 1374761 17 New Business Renewals 18 Gross unreported premiums due on policies 24567 61 57147 77 19 Gross deferred premiums on policies out standing in force Decem ber 31 39994 37 321378 05 20 Totals 64561 98 378525 82 21 Deduct cost of collection 256 per con new 65 per c on renewals 16527 87 24604 18 22 Net amount of un collected and deferred premiums 48034 11 353921 64 401955 75 Balance of loading 47485 51 354470 24 Gross assets 65290160 23 DEDUCT ASSETS NOT ADMITTED 3 Agents debit balances not secured by bonds 9062 25 4 Bills receivable unsecured 3918 77 Total nonadmitted assets 12981 02 Total admitted assets 65277179 21 VNONLEDGER LIABILITIES As Shown by the Books at Home Office at Close of Business December 31 1901 1 Net present value of all outstanding poli cies in force on December 31 as com puted by the Connecticut Insurance De176 COMPTROLLERGENERALS REPORT partment according to the actuaries table of mortality and four per cent in terest 54235020 00 Same for annuities including those in re duction of premiums 42637 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 and additional special reserves for term policies and annuities 2470434 00 Total 56748091 00 Net reserve 56748091 00 3 Matured endowments due and unpaid 4 Death losses due and unpaid 5 Death losses in process of adjustment or adjusted and not due 6 Death losses which have been reported and no proofs received 7 Death losses and other policy claims re sisted by the company not yet outlawed Gross policy claims Net policy claims 6000 00 39195 50 97115 00 49665 00 29500 00 221475 50 221475 50 12 13 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 1101498 21 Premiums paid in advance 829911 surrender values applicable in payment of premiums 1568980 23988 91 Surrender values claimable on policies cancelled whose reserves are not included in item 1 171085 00 Amount Liabilities on policyholders account 58266138 62 Gross divisible surplus including contingent real es tate depreciation mem account 54808256 7011040 59 Total 65277179 21 Busineat in Georgia During the Year Number and amount of policies on the lives of citizens of said State in force December 31 of previous year 449 1323000 Number and amount of policies on the lives of citizens of said State issued during the year 17 39000 Total 466 1362000 Deduct number and amount which have ceased to be in force during the year 8 8000 Total number and amount of policies in force in said State December 31 last 458 1354000 Amount of losses and claims on policies in said State incurred during the year 5000 Amount of losses and claims on policies in said State settled during the year in cash 5000COMPTROLLERGBNERxlLS REPORT 177 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 commis sions or other expenses Ans Cash 3484347 total 34843 47 BUSINESS IN GEORGIA FOR TEAR ENDING APRIL 30 1902 Insurance in force1139000 00 Premiums 39065 28 Losses 5000 00 Tax 390 65 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES NEW YORK N Y James W Alexander President Joel G Van Cise Actuary James H Hyde VieePresident William Alexander Secretary Principal office 120 Broadway New York R L Foreman Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year282107601 95 Extended at282107601 95 IIINCOME DURING YEAR 1901 1 tCash received for premiums on new policies without deductions for commissions or other expenses 6786068 51 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 37916939 92 3J From dividends applied to purchase paidup additions and annuities 760631 36 4 From surrender values ap plied to purchase paidup insurance and annuities 1547633 00 5 Consideration for annuities other than matured install ment policies 1351629 88 Total 48363002 67 5 Mortuary bond deposits 319000 00 7 Total premium income 48712002 67 8 Cash received for interest on mortgage loans 2275558 47 12 in178 COMPTROLLERGENERALS REPORT 9 Cash received for interest on bonds owned and dividends on stock 6813019 91 11 Cash received for interest on other debts due the company 1975440 53 13 Cash received for rents for use of com panys property 2030352 ii 15 Ledger assets other than premiums re ceived from other companies for assum ing or reinsuring their risks 1693664 20 19 From all other sources viz profit and loss 874567 69 Total income 64374605 94 Total1346482207 89 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary ad ditions15504036 10 3 Cash paid for matured en dowments and additions thereto 1947831 34 5 Cash paid for sums falling due during the year on in stallment policies 60615 11 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9J Redemption of installment bonds 10 Cash dividends paid policyholders 12 Cash dividends applied to purchase paid up additions and annuities 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 2771462142 16 Cash paid stockholders for interest on div idends 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 266373991 re newals 286406609 on annuities 40 90684 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees and inspection of risks 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 17512482 55 686250 12 10260 00 2981788 21 760731 36 4215476 18 1547633 00 7000 00 5568712 84 30S878 00 476158 05 859111 90COMPTROLLERGENERALS REPORT 179 21 Cash paid for taxes on premiums 263 46715 stamps and customs 3321812 cash paid for taxes on reserves 15 22855 total 311913 85 23 Cash paid for insurance department fees and agents licenses 2017050 muni cipal and State licenses 6726028 total 87430 78 24 Cash paid for rent 448252 46 25 Cash paid for commuting commissions 833612 11 26 Cash paid for taxes on real estate 370953 27 27 Cash paid for advertising 31834277 printing stationery 18172939 postage and exchange 11315500 total 613227 16 28 Traveling expenses 16838072 Guaran tee Co bonds 126581 for legal ex penses 15345799 total 323104 52 29 Cash paid for real estate expenses 589423 14 29 Cash paid for the following items viz Clerical expenses agency expenses ex press telegraph cable freight tele phone furniture and general expenses 360602 51 29J Reduction book value bonds purchased at premium 318157 00 Total miscellaneous expenses 1115838059 30 Total disbursements 39191159 01 31 Balance307291048 88 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate exclusive of all in cumbrances 38293092 11 2 Loans on mortgage first liens on real es tate 60755929 94 3 Loans secured by pledge of bonds stocks or other marketable collaterals 17735800 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 10539551 83 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase159094955 00 7 Cash in companys office 9164 07 8 Cash deposited in banks at interest 6 52256653 and Trust companies at in terest 1377357790 total 20305308 50 10 Agentsledger balances 566411 50 11 Total net or ledger assets as per bal ance above307291048 88 13 Total net or ledger assets less depreciation307291018 88 180 COMPTROLLERGENERALS REPORT OTHER ASSETS 14 Interest due 5827957 and accrued 236 82228 on mortgages 295101 85 15 Interest due and accrued 2251 71500 on bonds and stocks 2251715 00 16 Interest due and accrued 10851691 on collateral loans 108516 01 17 Interest due and accrued on premium notes loans or liens 2655333 76 18 Less interest paid in advance 146862 89 2508470 87 19 Rents due 2383917 and accrued 15771042 on com panys property or lease total 181549 59 21 Market value of bonds and stocks over book 14685879 00 New Business Renewals 23 Gross premiums due and un reported less premiums paid in advance on pol icies in foice December 31 1901 146208100 3434869 00 24 Gross deferred premiums on policies in force December 311901 328599 00 2519342 00 Totals 1790680 00 595421100 25 Deducting loading 60 per cent on new and 5 per cent on renewals 1074408 00 297711 00 26 Net amount of uncollected and deferred premiums 716272 00 5656500 00 Extended 6 372772 00 28 Total assets as per the books of the company331039720 34 ITEMS NOT ADMITTED 5 Agents balances 566411 50 9 Total assets less items not admitted 330473308 84 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1901256007493 00 Net reinsurance reserve256007493 00 3 Claims fot death losses due and unpaid 242668 00 4 Claims for matured endowments due and unpaid 263677 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and notdue 14250 00COMPTROLLERGENERALS REPORT 181 6 Claims for death losses and other policy claims resisted by the company 96800 00 7 Amounts due and unpaid on annuity claims 62272 77 8 Present value of unpaid amounts on ma tured installment policies face 927 80200 756617 00 9 Claims for death losses which have been reported no proofs received 1651831 00 Total policy claims 3088115 77 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 360015 51 16 Amount of any other liability of the company viz Pre miums paid in advance under debenture bonds 455054 00 17 18 19 Liabilities on policyholders account259910678 28 Gross surplus on policyholders account 70562630 56 Total liabilities330473308 84 Business in Georgia During 1901 No 3785 10880167 2700321 13580488 1445383 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 1275 Total 5060 Deduct number and amount which have ceased to be in force during the year 539 Total number and amount of policies in force in Georgia December 31 1901 4521 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 4 Amount of losses and claims on policies in Georgia incurred during the year 55 Total 59 195552 Amount of losses and claims on policies in Georgia paid during the year 58 193552 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 35481155 otal 37481155 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 nsurance in force13104475 00 Premiums 385782 59 Losses 155667 01 Tax 3857 82 12135105 17000 178552182 COMPTROLLERGENERALS REPORT FIDELITY MUTUAL LIFE INSURANCE COMPANY OF PHILADEL PHIA PA L G Fouse President W S Campbell Secretary Principal Office 112116 N Broad St Philadelphia Pa N F Jackson Atlanta Attorney for Service in Georgia I CAPITAL STOCK Amount of net or ledger assets December 31 of previous year 3073563 48 Extended at 3073563 48 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 491629 51 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 1812838 43 2 Premium notes loans or liens taken in part payment for premiums on new policies 42038 99 2J Premium notes loans or liens taken in part payment for renewal premiums 91212 66 8 From dividends applied to pay running premiums 19588 06 4 From surrender values applied to pay running premiums 545 71 5 Consideration for annuities other than matured install ment policies 1178 95 Total 2459032 31 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 146615 renewals 47774 1943 89 7 Total premium income 2457088 42 8 Cash received for interest on mortgage loans 14365 40 9 Cash received for interest on bonds owned and dividends on stock 41543 46 10 Cash received for interest on premium notes loans or liens 21253 20 11 Cash received for interest on other debts due the company 28195 23COMPTROLLERGENERALS REPORT 183 13 Cash received for rents for use of companys property including 3150000 for com panys own occupancy 79115 87 Cash received for profits on sales of bonds or stocks 1039352 real estate 524737 15640 89 From all other sources viz Fees for altera tions of policies 68 00 14 19 17 18 19 Total income Total IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims in cluding revisionary addi tions 5 Cash paid for sums falling due during the year on install ment policies 2657270 47 5730833 95 919694 21 5685 34 Total 925379 55 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Cash divinends paid policyholders Cash dividends applied to pay running premiums Surrender values paid in cash Surrender values applied to pay running premiums Total paid policyholders 1023488 60 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 31829599 renewals 80 14707 on annuities 14841 Cash paid for salaries and allowances to man agers and agents Exchange paid to banks and collectors for collecting premiums Cash paid for medical examiners fees 38 37250 inspection of risks 2425126 20 Cash paid for salaries and all other compen sation of officers and other home office em ployees 21 Cash paid for taxes on new premiums 7 33479 on renewals 2749742 franchise 5263 22 Cash paid for taxes on reserves 41775 on investments 1512954 23 Cash paid for insurance department fees and agents licenses 750943 municipal licenses 18935 925379 55 200 00 20416 16 19588 06 57359 12 545 71 398591 47 98704 25 6081 75 62623 76 137708 14 34884 84 15547 29 7698 78184 COMPTROLLERGENERALS REPORT 24 25 26 27 28 29 30 31 Cash paid for rent including 83150000 com panys occupancy 48734 64 Cash paid for commuting commissions 11890 57 Internal revenue tax 654700 losses on sales of real estate 182010 8367 10 Cash paid for furniture fixtures and safes for home and agency offices 3888 59 Cash paid for advertising 1985988 print ing 2448510 postage 316666 48 61011 46 Cash paid for real estate expenses other than taxes 1985036 for legal expenses 4 63003 24480 39 Cash paid for the following items viz Ex pressage and telegrams 345082 janitor fuel etc 68554 library 67602 sundry expenses 542406 traveling expenses 3643915 46675 59 Total miscellaneous expenses96688862 Total disbursements 1990377 22 6 8 9 10 11 Balance 3740456 73 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all in cumbrances 1328956 74 Loans on mortgage first liens on real estate 229884 05 Loans secured by pledge of bonds stocks or other marketable collaterals 16004 29 Loans made in cash to policyholders on this companys policies assigned as collateral 279604 85 Premium notes loans or liens on policies in force of which 4203899 was received during the year 133251 65 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 1321748 83 Cash in companys office 186 90 Cash deposited in banks 112900 19 Bills receivable 15418 75 Agents ledger balances of which 5235270 was advanced during the year 288367 52 Due from Minnesota Loan and Trust Co trustee 1600s B6 Total net or ledger assets as per balance above 37422S2 68 Deduct all credit balances 1825 90 13 Total net or ledger assets less depreciation 3740456 73COMPTROLLERGENERALS REPORT 185 14 15 16 19 20 21 23 24 25 26 OTHER ASSETS Interest due 72800 and accrued 368694 on mortgages 4414 94 Interest due 25000 and accrued 1769770 on bonds and stocks 17947 70 Interest accrued on collateral loans 202 35 Rents due on compmys property or lease S29 00 Total carried out Market value of real estate over cost Market value of bonds and stocks over cost Gross premiums due and un reported on policies in force December 31 1901 Gross deferred premiums on policies in force December 31 1901 5804 17 70093 19 23393 99 100218 46 41967 21 Totals Deducting loading 50 percent on new and 7j per cent on renewals Net amount of uncolected and deferred premiumsS Extended 41739 00 258718 00 47543 17 328811 19 23771 59 24660 84 23771 58 304150 35 327921 93 28 Total assets as per the books of the company 4233958 32 ITEMS NOT ADMITTED Agents balances Bills receivable Total Total assets less items not admitted 288367 52 15418 75 303786 27 3930172 05 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of Decem ber 1901 computed according to the Ac tuaries Table of Mortality with four per cent interest and the American table at 3i 3 Deduct net value of risks of this company re insured in other solvent companies 031324 00 3399 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 due and unpaid Claims for death losses and matured endow ments in process of adjustment 3027925 00 20119 29 5000 00 109590 00186 COMPTROLLERGENERALS REPORT 6 Claims for death losses and other policy claims resisted hy the company 18000 00 8 Present value of unpaid amounts on matured installment policies face 85776 97 62294 00 Total policy claims 215003 29 10 Amount of all unpaid dividends of surplus or other descrip tion of profits due policyholders 21726 44 13 Amount due on account of salaries rents and office ex penses 27363 45 16 Amount of any other liability of the company viz Pre miums paid in advance 1645 17 Commission payable to agents on premium notes when paid 25303 1 3 17 Liability on policyholders account 3318966 48 18 Gross surplus on policyholders account 611205 57 19 Total liabilities 3930172 05 21 Estimated surplus accrued on all other policies 61120557 VIPREMIUM NOTE ACCOUNT 1 Premium note loans or liens on hand Dec cember 31 of previous year 2 Premium notes loans or liens received during the year on new policies 15441358 on old policies 32550158 Total Amount of notes loans or liens voided by lapse Amount of notes loans or liens redeemed by maker in cash 93839 31 479915 16 573754 47 46752 32 393750 50 440502 82 Balance note assets at end of the year 133251 65 Business in Georgia During the said Year 1901 No Amount Number and amount of policies on the lives of citizens of said State in force December 31st of previous year 1055 2337654 50 Number and amount of policies on the lives of citizeos of said State issued during the year 277 529500 00 Total 1332 2867154 50 Deduct number and amount which has ceased to be in force during the year 186 382300 00 Total number and amount of policies outstanding Decem ber 31st 1901 1146 2484854 50 Deduct number and amount of unsettled policies De cember 31st 1901 50 101200 00 Total number and amount of policies paid for and in force in said State December 31st last 1096 2383654 50 Company having adopted the method of reporting paid business only this item is inserted to determine the number and amount of policies paid for and in force JDecember 81st lastCOMPTROLLERGENERALS REPORT 187 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 5 19000 00 Amount of losses and claims on policies in Georgia in curred during the year 27 50496 40 Total 32 69496 40 Amount of losses and claims on policies in Georgia paid during the year 33 63496 40 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends com missions or other expenses Cash 6034052 notes or credits 457731 total 6491783 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 2291012 00 Premiums 64873 41 Losses 57246 40 Tax 648 73 FRANKLIN LIFE INSURANCE COMPANY OF SPRINGFIELD ILLINOIS Alfred Orendorff President Henry Abels Secretary Principal office Fifth and Monroe Streets Springfield Illinois D C Barrow Thomasville Ga Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous yearI 1096225 77 Extended at 1096225 77 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 271312 00 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 428606 03 3 From dividends applied to running premiums 453171 Total 704449 74 6 Deduct amount of premiums to other companies for re insurance on policies in this company new busi ness 491045 renewals 375665 8667 10 7 Total premium income 695782 64188 COMPTROLLERGENERALS REFORM 8 Cash received for interest on mortgage loans 8551 28 9 Cash received for interest on bonds owned and dividends on stock 2375 00 10 Cash received for interest on premium notes loans or liens 40929 15 11 Cash received for interest on other debts due the company 2053 92 13 Cash received for rents for use of companys property 1745 00 19 From all other sources viz Security fund 9500 trust fund 485485 policy lien note 9402642 98976 27 Total income 850413 26 Total 1946639 03 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary ad ditions 216436 87 2 Premium notes loans or liens used in payment of the same 13028 79 Total 229465 66 Endowments 12250 00 7 Total net amount actually paid for losses and matured endowments 217215 66 9 Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 8430280 84302 80 11 Cash dividends applied to pay running pre miums 4531 71 13 Surrender values paid in cash 3814 93 Total paid policy holders 309865 10 17 Cash paid for commissions and bonuses to agents less commissions on reinsur ance new policies 16551599 renewals 1351928 209035 27 18 Cash paid for salaries and allowances to managers and agents 19904 74 19 Cash paid for medical examiners fees 2043522 inspection of risks 855874 28993 64 20 Cash paid for salaries and all other com pensation of officers and other home office employees 38592 43 21 Cash paid for taxes on new premiums and renewals 4554 97 22 Cash paid for taxes on reserves on investments 293537 2935 37COMPTROLLERGENERALS REPORT 189 23 24 26 28 29 30 31 1 2 7 8 10 11 12 13 14 15 17 20 Cash paid for insurance department fees and agents license 490110 municipal licenses 5000 4951 10 Cash paid for rent 2039 17 Cash paid for furniture fixtures and safes for home and agency offices 113 65 Cash paid for advertising 47535 print ing 1282366 13299 01 Cash paid for real estate expenses other than taxes 962 17 for legal expenses 240909 3371 26 Cash paid for the following items viz Postage 304874 colection 160691 internal revenue 322455 maturity of securities 1100 miscellaneous ex penses 232942 10220 62 Total miscellaneous expenses 338011 55 Total disbursementst 647876 65 Balance 1298762 38 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all incumbrances 21995 92 Loans on mortgage first liens on real es tate 186900 00 Premium notes loans or liens on poli cies in force 926187 56 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 108445 00 Cash in companys office 2174 41 Cash deposited in banks 50517 25 Agents ledger balances 2542 24 Total net or ledger assets as per balance above 1298762 38 Deduct depreciation from cost of assets to bring same to market value 525 00 Total net or ledger assets less depreciation 1298237 38 OTHER ASSETS Interest due and accrued on mortgages Interest due 12000 and accrued 34834 on bonds and stocks Interest due and accrued on premium notes loans or liens Total carried out Market value of real estate over cost 3963 05 468 34 20659 72 25091 11 9261 59190 COMPTROLLERGENERALS REPORT 23 24 25 26 27 28 1 2 5 6 Gross premiums due and un reported on policies in force December 31189 Gross deferred premiums on policies in force December 31 189 Totals Deducting loading per cent on new and per cent on renewals New Business Renewals 51998 63 30831 70 32230 20 51998 63 63061 90 31818 58 9228 34 Net amount of uncollected and deferred premiums 201S0 05 53833 56 Extended at 74013 61 Furniture fixtures and safes 1000 00 Total assets as per the books of the company 1407603 69 ITEMS NOT ADMITTED Companys stock owned 1000 00 Furniture fixtures and safes 100000 Agents balances 2542 24 Commissions payable on premium notes 3122 32 Premium notes liens etc in excess of reserve 144772 66 Total 151437 22 1 Total assets less items not admitted 1256166 47 VLIABILITIES Net present value of all outstanding poli cies in force on the 31st day of December 1901 computed according to the actua ries table of mortality with four per cent interest 999413 00 Deduct net value of risks of this company reinsured in other solvent companies 4452 00 Net reinsurance reserve 994961 00 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 Total policy claims 12952 04 22798 02 13 16 17 18 19 Amount due on account of salaries rents and office expenses Amount of any other liability of the company viz prem iums paid in advance Liabilities on policyholders account Gross surplus on policyholders account Total liabilities 35750 06 5301 70 2152 57 1038165 33 218001 14 1256166 47COMPTROLLERGENERALS REPORT 191 Business in Georgia During 1901 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 13 Number and amount of policies on the lives of citi zens of Georgia issued during the year 1015 Amount 24022 45 1432538 72 1344163 82 2009 32 Total 1028 1456561 17 Deduct number and amount which have ceased to be in force during the year 78 112397 35 Total number and amount of policies in force in Georgia December 31 1901 950 Amount of losses and claims on policies in Georgia incurred during the year 2 Total 2 2009 32 Amount of losses and claims on policies in Georgia paid during the year 2 2009 32 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 AnswerGash notes or credits total 3774018 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Insurance in force 1725250 Premiums Losses Tax 52926 19 2009 32 529 26 GERMANIA LIFE INSURANCE COMPANY NEW YORK N Y Cornelius Doremus President Hubert Cillis Secretary Principal office 20 Nassau Street New York City Alexander CKing Atlanta Ga Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous year26451844 75 Extended at26451844 75 IIincome during year 1901 1 Cash received for premiums on new policies without deductions for commissions or other ex penses 417965 90 1J Cash received for renewal pre miums without deductions for commissions or other expenses 2987372 31192 COMPTROLLERGENERALS REPORT 3J From dividends applied to pur chase paid up additions and an nuities 50476 94 4J From surrender values applied to purchase paidup insurance and annuities 126173 56 5 Consideration for annuities other than matured installment pol icies 18874 05 Total3600862 82 6 Deduct amount of premiums paid to other companies for re insurance on policies in this company new business 37490 renewals 532580 5700 70 7 Total premium income3595162 12 8 Cash received for interest on mortgage loans 715019 66 9 Cash received for interest on bonds owned and dividends on stock 322683 22 10 Cash received for interest on premium notes loans or liens 86076 06 11 Cash received for interest on other debts due the company 9345 77 13 Casli received for rents for use of companys property including 27760 for companys own occupancy 190934 90 14 Cash received for profits on sales of bonds or stocks 10322 50 19 From all other sources viz Policy fees 1835 09 Total income 4931379 32 Total 31383224 07 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims in cluding revisionary additions 1314367 79 3 Cash paid for matured endow ments and additions thereto 766384 31 Total2080752 10 7 Total net amount actually paid for losses and matured endowments2080752 10 8 Cash paid to annuitants 28383 15 10 Cash dividends paid policyholders on paid up policies 25719 82 11 Cash dividends of 1901 applied to pay run ning premiums due in 1901 131938 75 12 Cash dividends applied to purchase paidup additions and annuities 50476 91 13 Surrender values paid in cash 196875 66 COMPTROLLERGENERALS REPORT 193 15 Surrender values applied to purchase paidup insurance and annuities 126173 56 Total paid policyholders 264031998 16 Cash paid stockholders for interest and divi dends 24000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 25886491 renewals 130 14302 on annuities 49155 389499 48 18 Cash paid for salaries and allowances to man agers and agents 184569 10 19 Oash paid for medical examiners fees and inspection of risks 32460 10 20 Oash paid for salaries and all other compen sation of officers and other home office em employees 105253 04 21 Cash paid for taxes on new premiums and on renewals 1925192 internal revenue 2 36241 21614 33 22 Cash paid on real estate 33889 76 23 Cash paid for insurance department fees and agents licenses 791412 municipal and State licenses 273804 10652 16 24 Cash paid for rent including 27760 compa nys occupancy 27760 00 25 Cash paid for commuting commissions 202 54 26 Cash paid for furniture fixtures and safes for home and agency offices 2637 44 27 Cash paid for advertising 1984014 print ing and stationery 1440359 postage 2 18484 36428 57 28 Cash paid for real estate expense other than taxes 6827960 for legal expenses 1655901 74838 61 29 Cash paid for the following items viz Ex pressage exchange and other expenses 43236 35 Losses on sales of real estate 1415 16 Total miscellaneous expenses 98845664 30 Total disbursements 3628776 62 31 Balance 27754447 45 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 3235644 62 2 Loans on mortage first liens on real estate 14223511 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1475611 35 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of purchase 8258123 35 13 in 194 COMPTROLLERGENERALS REPORT 7 Cash in companys office 810688 in tran sit 1583515 since received 166472 03 8 Cash deposited in banks 395085 10 11 Total net or ledger assets as per balance above27754447 45 12 Deduct depreciation from cost of assets to bring same to market value 9146 23 13 Total net or ledger assets less depreciation 27745301 22 OTHER ASSETS 14 Interest due 456250 and accrued 243 51482 on mortgages248077 32 15 Interest accrued on bonds and stocks 66298 12 17 Interest accrued on premium notes loans or liens 25 07 19 Rents due 43667 and accrued 558333 on companys property or lease 6020 00 Total carried out 320411 51 21 Market value of bonds and stocks over cost 219719 50 New 23 Gross premiums due and unreport Business Renewals ed on policies in force Dec 31 01 8257 42 203215 21 24 Gross deferred premiums on poli cies in force Dec 31 1901 30034 53 310623 46 Totals38291 95 513838 67 25 Deducting loading 55 per cent on new and 5 per cent on renew als 21060 57 25691 93 26 Net amount of uncollected and de ferred premiums17231 38 488146 74 505378 12 28 Total assets as per books of the company 28790810 35 VLIABILITIES Net present value of all the outstanding pol cies in force on the 31st day of December 1901 computed according to The Actuaries Table of Mortality with 4 per cent interest24705638 00 Deduct net value of risks of this company reinsured in other solvent companies 33769 00 Net reinsurance reserve 24671869 00 3 Claims for death losses due and unpaid 3390 86 4 Claims for matured endowments due and unpaid 15572 00 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 110346 13COMPTROLLERGENERALS REPORT 195 6 Claims for death losses and other policy claims resisted by the company 8255 44 7 Amounts due and unpaid on annuity claims 1862 37 Total policy claims 139426 80 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 40859 35 16 Amount of any other liability of the company viz Pre miums paid in advance 1050708 reserve for surrender values claimable 803627 extra reserve for absolute dividend tontine war and world policies S670097 105244 32 17 18 19 Liabilities on policyholders account 24957399 47 Gross surplus on policyholders aacount 3833410 88 Total liabilities 28790810 35 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of poli cies 914432 49 21 Estimated surplus accrued on all other policies 2718978 39 Business in Georgia During 1901 Number and amount of policies on the lives of citizens No Amount of Georgia in force December 31 of previous year 129 190415 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 50 5661100 Total 179 247026 00 Deduct number and amount which have ceased to be in force during the year 11 18500 00 Total number and amount of policies in force in Georgia December 31 1901 168 228526 00 Amount of losses and claims on policies in Georgia in curred during the year JSo Amount 7000 00 Total 2 7000 00 Amount of losses and claims on policies in Georgia paid during the year 2 7000 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 715870 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 307363 00 Premiums 9966 39 Losses 7000 00 Tax 99 66196 COMPTROLLERGENERALS REPORT HARTFORD LIFE INSURANCE COMPANY HARTFORD CONN George E Keeney President Charles H Bacall Secretary Principal Office 252 Asylum St Hartford Conn R H Milledge Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cashS 500000 00 2 Amount of capital subscribed but unpaid 500000 00 Amount of net or ledger assets December 31 of previous year2754051 95 Extendedat 2754051 9o INCOME DURING YEAR 1 Cast received for premiums on new policies without deductions for commissions or other expenses 278810 03 1 JCash received for renewal premiums without deductions for commissions or other expenses 1991737 19 3 From dividends applied to pay run ning premiums 68186 74 7 Total premium income233S733 96 8 Cash received for interest on mortgige loans 13243 34 9 Cash received for interest on bonds owned and dividends on stock 19391 18 30 Cash received for interest on premium notes loans or liens 2634 7 11 Cash received for interest on other debts due the company ofa 19 Cash received as discount on claims paid in ad 2512 40 vance i 13 Cash received for rents for use of companys prop erty including 1500 for companys own occu pancy 1018125 14 Cash received for profits on sales of bonds or stocks real estate 167995 all other 3071474 3239469 19 From all other sources viz Advance payments 9253 9 Safety fund deposits 17433 64 Total income50L7017 Total 5258753 22 IIIDISBURSEMENTS DURING YEAR 7 Total net amount actually paid for losses and matured endowments1763614 47 8 Advance payments applied 8199 34COMPTROLLERGENERALS REPORT 197 9 Premium notes loans or liens used in purchase of surrendered policies 20609 17 11 Cash dividends applied to pay running premiums 68186 74 13 Surrender values paid in cash 120047 00 Total paid policyholders 198065672 16 Cash paid stockholders for interest or dividends 40000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 16635634 renewals 4601563 industrial 7442078 286792 75 18 Cash paid for salaries and allowances to mana gers and agents 14515 51 19 Cash paid for medical examiners fees 3035038 inspection of risks 742151 37771 89 20 Cash paid for salaries and all other compensation of officers and other home office employees 90719 67 21 Cash paid for taxes on new premiums 60463 on renewals 2214025 22744 88 22 Cash paid for taxes on reserves 74994 fran chise 26517 1015 11 23 Cash paid for insurance department fees and agents licenses 462968 revenue 387684 8506 52 24 Cash paid for rent including 1500 companys occupancy 1049i 41 2d Cash paid for furniture fixtures and safes for home and agency offices 11532 66 27 Cash paid for advertising 699683 printing 1100715 postage 952296 27526 94 28 Cash paid for real estate expenses other than taxes 1030078 for legal expenses 1436165 24662 43 29 Cash paid for the following items viz Travel 10336 18 Tax on real estate 344878 repair 64796 4096 74 Total miscellaneous expenses 59071269 30 Total disbursements2571369 41 31 Balance2687383 81 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all encum brances 244345 49 2 Loans on mortgage first liens on real estate 285400 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 7800 00 4 Loans made in cash to policy holders on this companys policies assigned as collateral 10636 00 5 Premium notes loans or liens on policies in force of which 379592 was received during the year 41795 92 SA large amount of paidup Insurance which was issued by the company from 1867 to 1880 was retired during the year 1901 by the payment ot the full legal reserve as a cash surrender which accounts for the excess of disbursements over income198 COMPTROLLERGENERALS REPORT 8 9 11 12 13 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 417017 92 Cash in companys office 13816 63 Cash deposited in banks 465934 00 Bills receivable 1000 00 Safety funds in Security Co Hartford1201236 00 Total net or ledger assets as per balance above 2687383 81 Deduct depreciation from cost of assets to bring same to market value 34330 98 14 15 16 17 18 19 Total net or ledger assets lees depreciation2653052 83 OTHER ASSETS Interest accrued on mortgages 4153 33 Interest accrued on bonds and stocks 6195 42 Interest accrued on collateral loans 78 00 Interest accrued on premium notes loans or liens 200 00 Interest accrued on other assets 1063 83 Rents due and accrued on companys property or lease 633 11 20 21 23 24 25 26 28 7 9 1 Total carred out 12323 69 Market value of real estate over cost Market value of bonds and stocks over cost New Business Renewals Gross premiums due and unreported on policies in force December 31 1901 43854 26 31723 13 Gross deferred premiums on policies in force December 311901 40398 52 46336 16 Totals 84252 78 78059 29 Deducting loading 60 per cent on new and 6 per cent on renewals 5055166 4683 55 9519 51 7231 08 Net amount of uncollected and de ferred premiums 33701 12 73375 74 Extended 107076 86 Premiums in course of collection safety fund deposit 358300 00 Total assets as per the books of the company3147503 97 ITEMS NOT ADMITTED Bills receivable i qoo 00 Total assets less items not admitted3146503 97 VLIABILITIES Net present value of all outstanding policies in force on the 31st day of December 1901 computed according to the Actuaries Table of Mortality with four per cent interest324073 00 Deduct net value of risks of this company rein sured in other solvent companies 2 714 00 Net reinsurance reserve 321 395 00COMPTROLLERGENERALS REPORT 199 2 Premiums notes or loans on policies and other obligations in excess of the net value of their policies 175 00 5 Claims for death losses in process of adjustment or adjusted and not dueSafety fund department 328750 00 Stock department 29246 00 6 Claims for death losses and other policy claims re sisted by the companySafety fund 8000 00 Stock 6500 00 Total policy claims 372496 00 10 Amount of all unpaid dividends of surplus or other descrip tion of profits due policyholders 1701 40 11 Reserve on safety fund policies 262257 00 12 Mortuary and other funds in addition to reserve 116313 59 13 Amount due on account of office expenses 2875 00 16 Amount of any other liability of the company viz Pre miums paid in advance 2266 29 Net safety funds in Security Company1166905 02 17 Liabilities on policyholders account2246348 30 18 Gross surplus on policyholders account 900155 67 19 Total liabilities3146503 97 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand December 31 of previous year 50173 93 2 Premium notes received during the year on poli cies 15437 91 Total 65611 84 Deductions during the year as follows Amount of notes loans or liens voided by lapse 23815 92 Total reduction of premium note account 23815 92 Balance note assets at end of the year 41795 92 Business in Georgia During 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1436 3165600 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 389 586825 00 Total 1825 3752425 00 Deduct number and amount which have ceased to be in force during the year 286 625975 00 Total number and amount of policies in force in Georgia December 31 1901 1539 3126450 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 6 15000 00 Amount of losses and claims on policies in Georgia in curred during the year 20 53250 00 Total 26 68250 00200 COMPTROLLERGENERALS REPORT Amount of losses and claims on polices in Georgia paid during the year 24 61750 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 divi dends commissions or other expenses Answer Cash 6367039 notes or credts none BUSINESS IN GEOKGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 3082521 0O Premiums 93981 88 Losses 47250 0O Tax 939 81 HOME LIFE INSURANCE COMPANY NEW YORK N Y George E Ide President Ellis W Gladivir Secretary William A Marshall Actuary Principal Office 256 Broadway New York City W A Wright Atlanta Ga Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 125000 00 Amount of net or ledger assets December 31 of previous year 11690299 32 Extended at 11690299 32 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 365376 46 lJCash received for renewal pre miums without deductions for commissions or other expenses 1637998 17 2 Premium notes loans or liens taken in part payment for premiums on new policies 1333 17 2JPremium notes loans or liens taken in part payment for renewal premiums 83445 21 3 From dividends applied to pay running premiums 28368 03 3 JFrom dividends applied to pur chase paidup additions and annuities 139866 53 4From surrender values applied to purchase paidup insur ance and annuities 12842 12COMPTROLLERGENERALS REPORT 201 5 Consideration for annuities other than matured install ment policies 59196 35 Total 2328426 04 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 5336 41 renewals 11 52799 16864 40 7 Total premium income 2311561 64 8 Cash received for interest on mortgage loans 168376 00 9 Cash received for interest on bonds owned and dividends on stock 238273 98 10 Cash received for interest on premium notes loans or liens 32256 18 11 Cash received for interest on other debts due the company 48824 97 13 Cash received for rents for use of companys property including 2400000 for com panys own occupancy 94813 01 14 Cash received for profits on sales of bonds or stocks 156066 75 Total income 3050172 53 Total 14740471 85 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary addi tions 721055 31 2 Premium notes loans or liens used in payment of the same 19909 74 3 Cash paid for matured endow ments and additions thereto 173827 12 4 Premium notes loans or liens used in payment of same 6435 85 Total net amount actually paid for losses and matured endowments 8 CaBh paid to annuitants 9 Premiums notes loans or liens used in pur chase of surrendered policies 9Prerniums notes loans or liens used in pay ment of dividends to policyholders 10 Dividends paid policyholders 11 Cash dividends applied to pay running per miums 921228 02 28569 39 20002 32 21610 33 4324 35 28368 03202 COMPTROLLERGENERALS REPORT 12 Cash dividends applied to purchase paidup additions and annuities 139866 53 13 Surrender values paid in cash 106799 18 15 Surrender values applied to purchase paidup insurance and annuities 12842 12 Total paid policyholders 128361027 16 Cash paid stockholders for interest or divi dends 15000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 18424796 renewals 128 34205 on annuities 198051 314570 52 18 Cash paid for salaries and allowances to managers and agents 105278 66 19 Cash paid for medical examiners fees 28 71420 inspection of risks 191259 30626 79 20 Cash paid for salaries and all other compen sation of officers and other home office employees 105033 23 21 Cash paid for taxes on new premiums and on renewals 20933 73 22 Cash paid for taxes on reserves 105212 on investments 500 1057 12 23 Cash paid for insurance department fees and agents licenses 812091 municipal and State licenses 212010 10241 01 24 Cash paid for rent including 2400000 com panys occupancy 24000 00 25 Cash paid for commuting commissions 3886 00 26 Cash paid for taxes on real estate 16244 80 27 Cash paid for advertising 1317126 print ing 1117677 postage 261000 26958 03 28 Cash paid for real estate expenses other than taxes 3139527 for legal expenses 3 90999 35305 26 29 Cash paid for the following items viz Profit and loss insurance 10000 agents bal ances 640567 traveling expenses 1 60132 internal revenue 357465 office expenses 662021 exchange 178058 directors fees 290500 sundry expenses 214032 25127 75 Total miscellaneous expenses 73426290 30 Total disbursements 2017873 17 31 Balance 12722598 68 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 1699282 72COMPTROLLERGENERALS REPORT 203 2 Loans on mortgage first liens on real estate 3962900 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 25500 00 4 Loans made in cash to podcyholders on this companys policies assigned as collateral 639302 35 5 Premium notes loans or liens on policies in force of which 133317 was received during the year 501344 63 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 5621403 67 7 Cash in companys office 106 71 8 Cash deposited in banks 243018 87 10 Agents ledger balances 29739 73 11 Total net or ledger assets as per balance above 12722598 68 13 Total net or ledger assets less depreciation 12722598 OTHER ASSETS 14 Interest due and accrued on mortgages 19135 63 15 Interest due and accrued on bonds and stocks 47505 60 16 Interest due and accrued on collateral loans 357 98 18 Interest due and accrued on other assets 400 00 19 Rents due and accrued on companys prop erty or lease 4621 49 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business 23 Gross premiums due and un reported on policies in force December 31 1901 24 Gross deferred premiums on policies in force December 31 1901 Totals 25 Deducting loading 50 24100 per cent on new and 7 33100 per cent on re newals Eenewals 77864 37 110958 50 29200 14 116440 22 107064 51 227398 72 53789 21 16668 33 26 Net amount of uncoilected and deferred premiums Extended 53275 30 210730 39 72020 70 95516 68 246460 73 264005 69 28 Total assets as per the books of the company 13400602 48204 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 5 Agents balances 29739 73 9 Total assets less items not admitted 13370862 75 VLIABILITIES 1 Net present value of all the outstanding poli cies in force on the 31st day of December 1901 computed according to the Actuaries Table of Mortality with four per cent interest 11877653 00 Deduct net value of risks of this company re insured in other solvent companies 43800 00 Net reinsurance reserve 11833853 00 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 49708 00 6 Claims for death losses and other policy claims resisted by the company 33000 00 8 Present value of unpaid amounts on matured installment policies face 1825000 14 90700 included in Item 1 of Liabilities Total policy claims 82708 00 10 Amount of all unpaid dividends of surplus or other descrip tion of profits due policyholders 6331 79 11 Amount of unpaid dividends to stockholders nil surren der value of policies canceled whose reserves are not in Item I claimable 999 00 16 Amount of any other liability of the company viz Pre miums paid in advance 35839 39 To meet possible fluctuations in price of securities and other contingencies 100000 00 17 Liabilities on policyholders account12060731 18 18 Gross surplus on policyholders account 1310131 57 19 Total liabilities 13370862 75 21 Estimated surplus accrued on all other policies 131013157 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 507636 43 2 Premium notes loans or liens received during the year on new policies 133317 on old policies 8344521 84778 38 Total 592414 81 Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 26345 59COMPTROLLERGENERALS REPORT 205 Amount of notes loans or liens used in pur chase of surrendered policies 20002 32 Amount of notes loans or liens used in pay ment of dividends to policyholders 21610 33 Amount of note loans or liens redeemed by maker in cash 23 111 94 Total reduction of premium note account 91070 1 Balance note assets at end of the year 501344 63 Business in Georgia During Year 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 233 509149 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 119 412037 00 Total 352 921186 00 Deduct number and amount which have ceased to be in force during the year 64 157500 00 Total number and amount of policies in force in Georgia December 31 1901 288 763686 00 Amount of losses and claims on policies in Geor gia unpaid December 31 of previous year 2 5000 00 Amount of losses and claims on policies in Geor gia incurred during the year 5 11000 00 Total 7 16000 00 Amount of losses and claims on policies in Geor gia paid during the year 6 14000 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 Ans Cash 3233157 notes or credits 120768 total 3353925 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Insurance in force 1014625 00 Premiums 32007 31 Losses 11000 00 Tax 320 07 ILLINOIS LIFE INSURANCE COMPANY CHICAGO ILL James W Stevens President Oswald J Arnold Secretary Home office 134 Monroe street Walter Morrow Tallapoosa Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock authorized 810000000 subscribed for 100OCO 00206 COMPTROLLERGENERALS REPORT 2 Amount of capital paid up in cash 100000 00 Amount of net ledger assets December 31 of previous year 283512 26 Extended at 283512 26 IIINCOME DURING THE YEAR As shoum by the books at home office at close of business December 81 1901 1 First years premiums except items 3 and 5 less interest included in deferred premiums 25057866 and 784664 for first years reinsur ance242732 02 2 Renewal premiums except items 3 and 5 less interest included in de ferred premiums 17424036 and 89515 for renewal insurance 173345 21 4 Dividends applied by policyholders to pay running premiums 1st year premiums 74 86 6 Surrender values applied to pay run ning premiums 1st year premiums 42 65 9 Total premium income 416194 74 11 Interest on loans on mortgages or real estate 4005 78 12 Interest on collateral loans includ ing premium notes loans or liens 13748 28 13 Interest on bonds and dividends on stocks 4575 92 14 Interest on other debts due the com pany and on deposit in banks 864 94 15 Interest on deferred premiums 6853 39 Total rents and interest 30048 31 16 Profit on sale or maturity of securities 625 00 17 Ledger assets other than premiums received from other companies for assuming their risks W M L A 135403 24 18 From other sources viz Policy lien notes 295427 43 Profit and loss J J Wilkinson 200 00 Total income during the year 877898 72 Sum of both amounts1161410 98 IIIDISBURSEMENT DURING THE YEAR As shown by the books at home office at the close of business December 81 1901 1 For death claims110475 00 Total net amount actually paid for losses and matured endowments 110475 00COMPTROLLERGENERALS REPORT 207 9 Dividends applied by policyholders to pay run ning premiums 74 86 11 Received on surrendered reinsurance 3572 40 12 Surrender values applied to pay running pre miums 42 65 14 Paid stockholders for interest or dividends amount declared during the year 7000 7000 00 15 Commissions and bonuses to agents less com missions received in reinsurances new pol icies 14802830 renewal policies 2015481 168183 11 16 Commuting renewal commissions 11250 00 17 Salaries and allowances for agents including managers agents and clerks 18990 94 18 Salaries and ail other compensation officers 2440718 home office employees 1701928 41426 46 19 Medical examiners fees 724734 inspection of risks 417704 Inv claims 53909 11963 47 20 Taxes on new premiums 45009 renewal pre miums 83588 municipal licenses 2292 1308 89 22 Insurance department fees and agents licenses 118159 registration 594 1775 59 23 Repairs and expenses other than taxes on real estate investment expense 120 65 24 Rent including 599824 for companys use of own buildings 5998 24 25 Advertising 668155 printing and stationery 355035 postage 253850 12770 40 26 Legal expenses 6347 44 28 All other items viz Profit and loss J S War ren 214 64 Traveling expense 232856 expense 5 31907 collection of premiums 159718 9244 81 Revenue stamps 1006 03 Total miscellaneous expenses 23760067 Total disbursements 411765 58 Balance 749645 40 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business on December 31 2 Mortgage loans on real estate first liens 102950 00 4 Loans made to policyholders on this companys policies assigned as collateral 417775 11 5 Commuted commissions 35000 00 6 Book value of bonds excluding interest 119 250 and stocks 100 119350 00 7 Cash in companys office 215998 deposited in banks 2255144Corn Exchange National Bank Chicago 24711 42208 COMPTROLLERGENERALS REPORT Cert of deposit First National Bank Spring field 111 4 000 00 Furniture and fixtures 8318 46 8 Agents debit balances 44876 62 Total 756981 61 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 7336 21 Total net ledger assets as per balance above 749645 40 NONLEDGER ASSETS 10 Interest due 720 and accrued 136652 on mortgagesI 11 Interest accrued on bonds and stocks 13 Interest accrued on premium notes loans or liens 1759 25 4491 59 18 Gross premiums not more than three months due after a period of grace New unreported on policies outstanding Business December 31 1901139018 77 20410 32 19 Gross deferred premiums on policies outstanding December 31 1901 32196 76 35724 27 20 Totals71215 53 56134 59 21 Deduct cost of collection 60 per cent on new 5 per cent on renewals 42729 32 2806 73 22 Net amount of all uncollected and de ferred premiums28486 21 53327 86 81814 07 Gross assets 835951 06 DEDUCT ASSETS NOT ADMITTED 2 Supplies printed matter stationery furniture fixtures safes etc 8318 46 3 Commuted commissions 35000 agents debit balances not secured by bonds S893834 43938 34 5 Premium notes or loans and net premiums in item 22 in excess of reserve on policies 48107 46 Total 100364 26 2086 52 645 82 1759 tenewa 25ls Total admitted assets 735586 80 VNONLEDGER LIABILITIES As shown by the boohs at the home office at close of business December 31 1901 1 Net present value of all the outstanding poli cies in force on the 31st day of December 1901 as computed by the company according to The Actuaries Table of Mortality with four per cent interest 587546 00 Total 587546 00COMPTROLLERGENERALS REPORT 209 Deduct net value of risks of this company re insured in other solvent companies 5444 00 Net reserve 582102 00 5 Death losses in process of adjustment or ad justed and not due 7500 00 7 Death losses and other policy claims resisted by the company not yet outlawed 4000 00 Gross policy claims J 1500 00 Net policy claims 11500 00 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or accrued 14869 42 12 Premiums paid in advance 464 50 Liability on policyholders account 608935 92 Gross divisible surplus 26650 88 Capital stock paid up 100000 00 126650 88 Total735586 80 Business in Georgia During the said Year Number and amount of policies on the lives of the citizens No Amount of said State in force December 31 of previous year 131 187500 00 Western Mutual Life Association assumed 2 12500 00 Number and amount of policies on the lives of citizens of said State issued during the year 166 226500 00 Total 299 426500 00 Deduct number and amount which have ceased to be in force during the year 71 103000 00 Total number and amount of policies in force in said State December 31 last 228 323500 00 Amount of losses and claims on policies in said State in curred during the year 1 2000 00 Total 1 2000 00 Amount of losses and claims on policies in said State set tled during the year in cash 1 2000 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 div idends commission or other expenses AnsCash 895307 BUSINESS IN GEORGIA TOR YEAR ENDING APRIL 30 1902 Insurance in force 324000 00 Premiums 9528 65 Losses 2000 00 Tax 95 28 14 in212 COMPTROLLERGENERALS REPORT new policies 19216247 renewals 90 43958 on annuities 112918 283731 23 18 Cash paid for salaries and allowances to managers and agents 106884 01 19 Cash paid for medical examiners fees 39 39304 inspection of risks 249335 41886 39 20 Cash paid for salaries and all other com pensation of officers and other home office employees 107064 67 21 Cash paid for taxes on new premiums and on renewals 1843770 U S stamp tax 300443 21442 13 22 Cash paid for taxes on reserves 187399 on investments 50524 85 52398 84 23 Cash paid for insurance department fees and agents licenses 656572 municipal licenses 307357 9639 29 24 Cash paid for rent 74519 16 27 Cash paid for advertising 1462726 print ing 1509776 postage 721775 36942 77 28 Cash paid for real estate expenses other than taxes 7181758 for legal expenses 2522392 furniture 75600 97797 50 29 Cash paid for the following items viz Sundry agency and office expenses 24534 01 Total miscellaneous expenses 87684020 30 Total disbursements 2506251 65 31 Balance 15873346 01 IV ASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 4205674 62 2 Loans on mortgage first liens on real estate 5715765 72 3 Loans secured by pledge of bonds stocks or other marketable collaterals 967346 54 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 790638 81 5 Premium notes loans or liens on policies in force of which 1009676 was received during the year 384511 97 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 3464623 92 7 Cash in companys office 3412 36 8 Cash deposited in banks 186886 84COMPTROLLERGENERALS REPORT 209 Deduct net value of risks of this company re insured in other solvent companies 5444 00 Net reserve 582102 00 5 Death losses in process of adjustment or ad justed and not due 7 500 00 7 Death losses and other policy claims resisted by the company not yet outlawed 4000 00 Gross policy claims 11500 00 Net policy claims 11500 00 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or accrued 14869 42 12 Premiums paid in advance 4g4 50 Liability on policyholders account 608935 92 Gross divisible surplus 26 650 88 Capital stock paid up 100000 00 126650 88 Total735586 80 Business in Georgia During the said Year Number and amount of policies on the lives of the citizens No Amount of said State in force December 31 of previous year 131 187500 00 Western Mutual Life Association assumed 2 12500 00 Number and amount of policies on the lives of citizens of said State issued during the year 166 226500 00 Total 299 426500 00 Deduct number and amount which have ceased to be in force during the year 71 103000 00 Total number and amount of policies in force in said State December 31 last 228 323500 00 Amount of losses and claims on policies in said State in curred during the year 1 2000 00 Total 1 2000 00 Amount of losses and claims on policies in said State set tled during the year in cash 1 2000 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 div idends commission or other expenses AnsCash 895307 BUSINESS 1H GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 324000 00 Premiums 9528 65 Losses 2000 00 Tax 95 28 14 in212 COMPTROLLERGENERALS REPORT new policies 19216247 renewals 90 43958 on annuities 112918 28373123 18 Oash paid for salaries and allowances to managers and agents 100884 01 19 Oash paid for medical examiners fees 39 39304 inspection of risks 249335 41886 39 20 Oash paid for salaries and all other com pensation of officers and other home office employees 107064 S7 21 Cash paid for taxes on new premiums and on renewals 1843770 U S stamp tax 300443 21442 13 22 Cash paid for taxes on reserves 187399 on investments 50524 85 52398 84 23 Cash paid for insurance department fees and agents licenses 656572 municipal licenses 307357 9639 20 24 Cash paid for rent 74519 16 27 Cash paid for advertising 1462726 print ing 1509776 postage 721775 36942 77 28 Cash paid for real estate expenses other than taxes 718175S for legal expenses 2522392 furniture 75600 97797 50 29 Cash paid for the following items viz Sundry agency and office expenses 24534 01 Total miscellaneous expenses 87684020 30 Total disbursements 2506251 65 31 Balance 15873346 01 IV ASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 4205674 62 2 Loans on mortgage first liens on real estate 5715765 72 3 Loans secured by pledge of bonds stocks or other marketable collaterals 967346 54 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 790638 81 5 Premium notes loans or liens on policies in force of which 1009676 was received during the year 384511 97 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 3464623 92 7 Cash in companys office 3412 36 8 Cash deposited in banks 186886 84COMPTROLLERGENERALS REPORT 213 10 Agents debit balances 29166 39 com muted commissions 12531884 154485 23 11 13 Total net or ledger assets as per bal ance above15873346 01 Total net or ledger assets less depre ciation 15873346 01 OTHER ASSETS 14 Interest due 594051 and accrued 100 03606 on mortgages 105976 57 15 Interest due and accrued on bonds and stocks 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 221565 and accrued 584166 on companys property or lease 1351 94 7835 51 17907 49 1625 92 8057 31 Total carried out5 142754 74 20 Market value of real estate over cost 465 207 49 21 Market value of bonds and stocks over cost 222 884 83 New Business Renewals 23 Gross premiums due and un reported on policies in force December 31 1901 103644 08 117006 56 24 Gross deferred premiums on policies in force December 311901 9413 00 84858 00 Totals 113057 08 201864 56 25 Deducting loading 55 per cent on new and 5J per cent on renewals 6218139 11102 55 26 Net amount of uncollected and deferred premiums 50875 69 190762 01 Extended 241637 70 28 Total assets as per the books of the company16945830 77 ITEMS NOT ADMITTED 3 Commuted commissions 125318 84 5 Agents balances not secured by bonds 15166 39 Total 140485 23 9 Total assets less items not admitted 16805345 54216 COMPTROLLERGENERALS REPORT Lease accounts discharged debit balance against agents etc 567 68 Extended at 1975024 71 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 32147 20 lJCash received for renewal premiums without deduc tions for commissions or other expenses 209130 75 2 Premium notes loans or liens taken in part pay ment for renewal premi ums 436 00 3 From dividends applied to pay running premiums 11047 22 3J From dividends applied to purchase paidup additions and annuities 1450 10 4 From surrender values ap plied to pay running pre miums 419 63 5 Considerations for annui ties other thaa matured installment policies 9039 78 Total 263670 68 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 347873 renewals 878362 12262 35 7 Total premium incomeS 251408 33 8 Cash received for interest on mortgage loans 12473 17 9 Cash received for interest on bonds owned and dividends on stock 64664 17 10 Cash received for interest on collateral loans including premium notes loans or liens 7696 38 11 Cash received for interest on other debts due the company 445 42 13 Cash received for rents for use of compa nys property including for compa nys own occupancy 9078 25COMPTROLLERGENERALS REPORT 213 10 Agents debit balances 29166 39 com muted commissions 12531884 154485 23 11 13 Total net or ledger assets as per bal ance above15873346 01 Total net or ledger assets less depre ciation 15873346 01 OTHER ASSETS 14 Interest due 594051 and accrued 100 03606 on mortgages 105976 57 15 Interest due and accrued on bonds and stocks 1351 94 16 Interest due and accrued on collateral loans 7835 51 17 Interest due and accrued on premium notes loans or liens 17907 49 18 Interest due and accrued on other assets 1625 92 19 Rents due 221565 and accrued 584166 on companys property or lease 8057 31 Total carried out 142754 74 20 Market value of real estate over cost 465207 49 21 Market value of bonds and stocks over cost 222884 83 New Business Renewals 23 Gross premiums due and un reported on policies in force December 31 1901 103644 08 117006 56 24 Gross deferred premiums on policies in force December 311901 9413 00 84858 00 Totals 113057 08 201864 56 25 Deducting loading 55 per cent on new and 5J per cent on renewals 6218139 11102 55 26 Net amount of uncollected and deferred premiums 50875 69 190762 01 Extended 241637 70 28 Total assets as per the books of the companv16945830 77 ITEMS NOT ADMITTED 3 Commuted commissions 125318 84 5 Agents balances not secured by bonds 15166 39 Total 140485 23 9 Total assets less items not admitted 16805345 54210 COMPTROLLERGENERALS REPORT Lease accounts discharged debit balance against agents etc 567 68 Extended at 1975024 71 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 32147 20 lJCash received for renewal premiums without deduc tions for commissions or other expenses 209130 75 2 Premium notes loans or liens taken in part pay ment for renewal premi ums 436 00 3 From dividends applied to pay running premiums 11047 22 3J From dividends applied to purchase paidup additions and annuities 1450 10 4 From surrender values ap plied to pay running pre miums 419 63 5 Considerations for annui ties other than matured installment policies 9039 78 Total 263670 68 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 347873 renewals 878362 12262 35 7 Total premium income 251408 33 8 Cash received for interest on mortgage loans 12473 17 9 Cash received for interest on bonds owned and dividends on stock 64664 17 10 Cash received for interest on collateral loans including premium notes loans or hens 7696 38 11 Cash received for interest on other debts due the company 445 42 13 Cash received for rents for use of compa nys property including if for compa nys own occupancy 9078 25COMPTROLLERGENERALS REPORT 217 14 Cash received for profits on sales of bonds or stocks 108816 real estate all other 1088 16 19 From all other sources viz surrrender value of policies of reinsurance surren dered 2533 70 Total income 349387 58 Total 2324412 29 IIIDISBURSEMENTS DUBING YEAR 1901 1 Cash paid for death claims including revisionary addi tions 155202 51 2 Premium notes loans or liens used in payment of the same 131 00 3 Cash paid for matured en dowments and additions thereto 18348 90 5 Cash paid for death claims occurring in 1891 with in terest thereon 739 89 Total 174422 30 Deduct amount received from other companies for losses or claims on policies of this company rein sured of which is for matured endowments 2000 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 pur chase of surrendered policies 48568 voided by lapse 597 charged off 9J Premium notes loans or liens used in pay ment of dividends to policyholders 10 Cash dividends paid policyholders on ton tine policies entitled to participation in 1901 and dividends credited in previous years 11 Cash dividends applied to pay running premiums small amount of dividends paid in cash upon paidup policies in cluded Cash dividends applied to purchase paid up additions and annuities Returned premiums 12 172422 30 1201 23 1082 68 377 37 1843 06 11047 22 1450 10 19 75220 COMPTROLLERGENERALS REPORl ITEMS NOT ADMITTED 2 Open accounts and judgments 1365S73 furniture fixtures and safes 65777 5 Agents balances 7 Suspended accounts and overdue coupons 8 Depreciation in real estate 422105 Total Less ledger liabilities deducted above Total 14316 50 3107 64 474 08 4221 05 22119 27 1674 56 20444 71 9 Total assets less items not admitted 217086J 09 VLIABILITIES 1 Net present value of all the outstanding policies in foree on the 31st day of De cember 1901 computed according to the Actuaries Table of Mortality with four per cent interest valuation made by in surance department of Maryland 1847014 00 Deduct net value of risks of this company reinsured in other solvent companies 39876 00 Net reinsurance reserve 1807138 00 3 Claims for death losses due and unpaid 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 awaiting proofs Total policy claims 3702 56 3705 15 6229 34 19218 00 10 Amount of all unpaid dividends of surplus or other de scriptions of profits due policyholders 16 Amount of any other liability of the company viz Premiums paid in advance 25756 Other indebtedness 17 18 19 20 21 Liabilities on policyholders account Gross surplus on policyholders account Total liabilities Estimated surplus accrued on tontine or other policies the profits upou which are especially reserved for that class of policies 107427 22 Estimated surplus accrued on all other policies 216703 90 32S55 05 4803 80 257 56 1674 56 1846728 97 324131 12 2170860 09COMPTROLLERGENERALS REPORT 217 14 Cash received for profits on sales of bonds or stocks 108816 real estate all other 1088 16 19 From all other sources viz surrrender value of policies of reinsurance surren dered 2533 70 Total income 349387 58 Total 2324412 29 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary addi tions 155202 51 2 Premium notes loans or liens used in payment of the same 131 00 3 Cash paid for matured en dowments and additions thereto 18348 90 5 Cash paid for death claims occurring in 1891 with in terest thereon 739 89 Total 174422 30 Deduct amount received from other companies for losses or claims on policies of this company rein sured of which is for matured endowments 2000 00 7 Total net amount actually paid for losses and matured endowments S Cash paid to annuitants 9 Premium notes loans or liens used in pur chase of surrendered policies 48568 voided by lapse 597 charged off 9JPremium notes loans or liens used in pay ment of dividends to policyholders HO Cash dividends paid policyholders on ton tine policies entitled to participation in 1901 and dividends credited in previous years ill Cash dividends applied to pay running premiums small amount of dividends paid in cash upon paidup policies in cluded 32 Cash dividends applied to purchase paid up additions and annuities Keturned premiums 172422 30 1201 23 1082 68 377 37 1843 06 11047 22 1450 10 19 75220 COMPTROLLERGENERALS REPORJ ITEMS NOT ADMITTED 2 Open accounts and judgments 1365873 furniture fixtures and safes 65777 5 Agents balances 7 Suspended accounts and overdue coupons 8 Depreciation in real estate 422105 Total Less ledger liabilities deducted above Total 14316 50 3107 64 474 08 4221 05 22119 27 1674 56 20444 71 9 Total assets less items not admitted 2170860 09 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to the Actuaries Table of Mortality with four per cent interest valuation made by in surance department of Maryland 1847014 00 Deduct net value of risks of this company reinsured in other solvent companies 39876 00 Net reinsurance reserve 1807138 00 3 Claims for death losses due and unpaid 3702 56 4 Claims for matured endowments due and unpaid 3705 15 5 Claims for death losses and matured en dowments in process of adj ustmeut or ad justed and not due 6229 34 6 Claims for death losses and other policy claims awaiting proofs 19218 00 Total policy claims 10 Amountof all unpaid dividends of surplus or other de scriptions of profits due policyholders 16 Amount of any other liability of the company viz Premiums paid in advance 25756 Other indebtedness 32855 05 4803 80 257 56 1674 56 17 18 Liabilities on policyholders account 1846728 97 Gross surplus on policyholders account 324131 12 19 Total liabilitiesif 2170800 09 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 107427 22 21 Estimated surplus accrued on all other policies 216703 90COMPTROLLERGENERALS REPORT 221 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 12359 33 2 Premium notes loans or liens received dur ing the year on old policies 506 53 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 charged off Amount of notes loans or liens used in payment of dividends to policyholders Amount of notes loans or liens redeemed by maker in cash 131 00 485 68 23 04 377 37 156 00 Total reduction of premium note account Balance note assets at end of the year Business in Georgia During 1901 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year estimated Number and amount of policies on the lives of citi zens of Georgia issued during the year No 292 49 341 53 12865 86 1173 09 11692 77 Amount 528715 00 71803 00 600518 00 79280 00 521238 00 14283 00 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 1901 estimated 288 Amount of losses and claims on policies in Georgia incurred during the year 10 Total 10 14283 00 Amount of losses and claims on policies in Georgia paid during the year 10 14283 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 1570427 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 415000 00 Premiums 16275 74 Losses 10000 00 Tax 162 75224 COMPTROLLERGENERALS REPORT 13 Surrender values paid in cash 363839 1 14 Surrender values applied to pay running premiums in cluding interest 908 03 15 Surrender values applied to purchase paidup insur ance 3448 25 4356 28 Total paid policyholders 316369798 17 Cash paid for commissions to agents less commission on reinsurance new policies 35712571 renewals 269 62028 626715 9 18 Cash paid for salaries and traveling expenses and al lowances to managers and agents 75529 33 19 Cash paid for medical exam iners fees 48467 50 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 139973 72 21 Cash paid for taxes on new premiums and on renewals 44130 72 22 Cash paid for taxes on re serves 31846 97 23 Cash paid for insurance de partment fees and agents licenses 1135011 munic ipal licenses 261613 13966 24 24 Cash paid for rent including 6000 companys occu pancy less 13 received un der sublease 30485 56 25 Cash paid for taxes on real estate 3901 51 26 Cash paid for furniture fix tures and safes for home and agency offices 2811 56 27 Cash paid for advertising 1652176 printing and stationery 3941621 post age and war revenue tax 2512897 81066 94 28 Cash paid for real estate ex penses other than taxes 1386509 for legal ex penses 279935 16664 44COMPTROLLERGENERALS REPORT 221 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 12359 33 2 Premium notes loans or liens received dur ing the year on old policies 506 53 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 charged off Amount of notes loans or liens used in payment of dividends to policyholders Amount of notes loans or liens redeemed by maker in cash 131 00 485 68 23 04 377 37 156 00 Total reduction of premium note account Balance note assets at end of the year Business in Georgia During 1901 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year estimated 292 Number and amount of policies on the lives of citi zens of Georgia issued during the year 49 12865 86 1173 09 11692 77 Amount 528715 00 71803 00 Total 341 600518 00 Deduct number and amount which have ceased to be in force during the year 53 79280 00 Total number and amount of policies in force in Georgia December 31 1901 estimated 288 521238 00 Amount of losses and claims on policies in Georgia incurred during the year 10 14283 00 Total 10 14283 00 Amount of losses and claims on policies in Georgia paid during the year 10 14283 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 1570427 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 415000 00 Premiums 16275 74 Losses 10000 00 Tax 162 75 224 COMPTROLLERGENERALS REPORT 908 03 3448 25 13 Surrender values paid iu cash 14 Surrender values applied to pay running premiums in cluding interest 15 Surrender values applied to purchase paidup insur ance Total paid policyholders 316369798 17 Cash paid for commissions to agents less commission on reinsurauce new policies 35712571 renewals 269 62028 18 Cash paid for salaries and traveling expenses and al lowances to managers and agents 19 Cash paid for medical exam iners fees 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on hew premiums andou renewals 22 Cash paid for taxes on re serves 23 Cash paid for insurance de partment fees and agents licenses 1135011 munic ipal licenses 261613 24 Cash paid for rent including 6000 companys occu pancy less 13 received un der sublease 25 Cash paid for taxes on real estate 26 Cash paid for furniture fix tures and safes for home and agency offices 27 Cash paid for advertising 1652176 printing and stationery 3941621 post age and war revenue tax 2512897 28 Cash paid for real estate ex penses other than taxes 1386609 for legal ex penses 279935 363839 19 4356 28 626745 99 75529 33 48467 50 139973 72 44130 72 31846 97 13966 24 30485 56 3901 51 2811 56 81066 94 16664 44COMPTROLLERGENERALS REPORT 225 29 Cash paid for the following items viz Premiums on securities pur chased 26589 87 47846 18 30 31 Total miscellaneous expenses 119002653 Total disbursements 4 353 724 51 Balance 26280054 15 IV ASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 388635 07 2 Loans on mortgage first liens on real estate 12041266 28 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 2497536 00 5 Premium notes loans or liens on poli cies in force less 557866 given for re insurance 715163 13 0 Cost value of bondsand stocks owned excluding accrued interest at time of purchase 10323333 27 7 Cash in companys office 2673 77 8 Cash deposited in banks 311446 63 13 Total net or ledger assets less depreciation 26280054 15 OTHER ASSETS 14 Interest due 58665 and accrued 19188265 on mortgages 192469 30 15 Interest due 5070 and accrued 14694330 on bonds and stocks 152013 30 16 Interest due 16837 and accrued 3899240 on policy loans 39160 77 17 Interest due and accrued 2145489 on premium notes loans or liens 21454 89 19 Rents due and accrued 486 on com panys property or lease 486 00 Total carried out 21 Market value of bonds and stocks over cost 405584 26 902 105 73 23 Gross premiums due and un reported on policies in force December 311901 24 Gross deferred premiums on policies in force December 311901 New Business Renewals 86455 85 202991 41 83331 21 506921 83 15 in Totals 160787 06 709913 24226 COMPTROLLERGENERALS REPORT 25 Deducting loading 20 per cent on new and 20 per cent on renewals 33957 41 141932 65 26 Net amount of uncollected and deferred premiums 135829 65 S 567930 59 Extended 703750 24 28 Total assets as per the books of the company 28291564 38 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of Decem ber 1901 computed according to the Actuaries Table of Mortality with four per cent interest including reversionary additions 43237406 25735590 00 American three and a half per cent on issues of 1901 366265 00 Less premiums deferred and in course of collection 30107 00 Deduct net value of risks of this company re insured in other solvent companies 336158 00 Net reinsurance reserve 25399432 00 5 Claims for death losses and matured endow ments in process of adjustment 87712 66 6 Claims for death losses and other policy claims resisted by the company 3000 00 8 Present value of amounts not yet due on matured and installment policies face 18686160 1S0S61 60 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due and to become due policy holders 16 Amount of any other liability of the company viz premiums paid in advance 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 277574 26 211740 42 16677 17 25905423 85 2386140 53 19 Total liabilities 28291564 38 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 2 Premium notes loans or liens received during the year on new policies on old policies 14487943 Premium notes loans or liens restored by revival of policies Total 731647 55 144879 43 6031 02 882558 00 COMPTROLLERGENERALS REPORT 227 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 28179 36 Amount of notes loans or liens used in purchase of surrendered policies and voided by lapse 44425 18 Amount of notes loans or liens used in payment of dividends to policyholders 62205 12 Amount of notes loans or liens redeemed by maker in cash 27 006 55 Total reduction of premium note account 161816 21 Balance note assets at end of the yearT 720741 79 Business in Georgia During 1901 Number and amount of policies on the lives of cit N Anl0UIlt zens of Georgia in force December 31 of previous XT uyear 1541 3630330 00 J umber and amount of policies on the lives of citizens of Georgia issued during the year 415 788115 00 Total 1956 4418445 00 Deduct number and amount which have ceased to be in force during the year 202 369602 00 Total number and amount of policies in force in Geor gia December 31 1901 I754 4048843 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 3 8 000 00 Amount of losses and claims on policies in Georgia in curred during the year 26 43478 60 Total 2j 51478 60 Amount of losses aud claims on policies in Georgia paid during the year 23 48813 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 AnswerCash 14105517 notes or credits 258708 total 14361225 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 4381390 00 Premiums 149588 34 0SSeS 28500 00 aX 1495 88228 COMPTROLLERGENERALS REPORT METROPOLITAN LIFE INSURANCE COMPANY NEW YORK N Y John R Hegeman President James M Craig Actuary Haley Fiske VicePresident James S Roberts Secretary Principal office 1 Madison Ave New York City A W Smith Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 2000000 00 Amount of net or ledger assets Decem ber 31 of previous year 59060777 01 Extended atf 59060777 01 IIincome during year 1901 1 Cash received for premiums on new policies without deductions for commissions or other expenses 5153214 47 Cash received for renewal premiums without deduc tion for commissions or other expenses 29320434 27 Single premiums without deductions 3874 45 Consideration for annuities other than matured install ment policies 282880 13 If 5 8 9 10 11 13 Total34760403 32 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness renewals 55 21764 55217 64 Total premium income 34705185 68 Cash received for interest on mortgage loans 1001989 00 Cash received forintereston bonds owned and dividends on stock 1333625 96 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 com panys property including 18126300 for companys own occupancy 42011 38 22202 97 011540 03COMPTROLLERGENERALS REPORT 229 14 15 19 10 13 16 17 13 19 20 21 23 243031 14 54000 00 3571 43 Cash received for profits on sales of bonds or stocks real estate 370556 all other 23932558 total Ledger assets other than premiums re ceived from other companies for assum ing or reinsuring their risks From all other sources viz Deposits of agents in lieu of bonds Total income77 3801716359 Total 97077940 60 IIIDISBURSEMENTS DURING YEAR 1901 Cash paid for death claims including revisionary addi tions 10702856 07 Cash paid for matured en dowments and additions thereto 9637 00 Cash paid for sums falling due during the year on in stallment policies 1890 00 Total 10714383 67 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Cash dividends paid policyholders Surrender values paid in cash Total paid policyholders 1170890909 Cash paid stockholders for interest or div idends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 148374996 renewals 4 02553535 total Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 32169749 inspection of risks 329 45666 total Cash paid for salaries and all other com pensation of officers and other home of fice employees 1696 in number Cash paid for taxes on new premiums and on renewals 27718031 on fran chise 20500 Cash paid for taxes on reserves 10 64530 on real estate 12443812 in 5 ternal revenue 5942660 Cash paid for insurance department fees and agentslicenses 3682122 municipal licenses 822295 10714383 67 23808 49 557210 42 413506 51 140000 00 5449330 31 2705865 86 651154 15 1449974 13 516939 50230 COMPTROLLERGENERALS REPORT I 24 Cash paid for rent including 18126300 companys occupancy 381085 00 25 Cash paid for commuting commissions 1974849 59 26 Cash paid for furniture fixtures and safes for home and agency offices 3756769 Are insurance 236329 39930 98 27 Cash paid for advertising 2712475 print ing and stationery 40389364 post age etc 9438756 525405 95 28 Cash paid for real estate expenses other than taxes 18422402 for legal ex penses 5438605 238610 07 29 Cash paid for the following items viz Agentssurety bonds 1526811 Metro politan Savings Fund 5606257 71330 68 Branch office expenses 25898649 direc tors and committees 306000 traveling and transfer expenses 15145494 413501 43 General home office expense account 109457 98 Total miscellaneous exps 1466743572 30 Total disbursements 26376344 81 31 Balance 70701595 79 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 10175762 61 2 Loans on mortgage first liens on real es tate 22070375 01 4 Loans made in cash to policyholders on this companys policies assigned as collateral 523926 33 5 Premium notes loans or liens on policies in force 653167 67 6 Book value of bonds and stocks owned ex cluding accrued interest at time of pur chase 35037531 37 7 Cash in companys office 54366 69 8 Cash deposited in banks Trust Company of America N Y 15197907 Hamilton Trust Co Brooklyn N Y 55884858 National Exchange Bank N Y 20000 First National Bank Bay City Mich 1000 00 City Trust Co N Y 7702532 Metropolitan Trust Co NY 10585104 National Shoe Leather Bank N Y 97205835 Vermilye Co bankers N Y 25299453 Crocker Woolworth Nat Bank California 3290063 total 2172657 52 10 Agents ledger balances 13808 59 11 Total net or ledger assets as per balance above 70701595 79 13 Total net or ledger assets less depreciation 70701595 79COMPTROLLERGENERALS REPORT 231 14 15 17 18 19 21 23 24 25 26 OTHER ASSETS Interest due 9595956 and accrued 255 86247 on mortgages 351822 03 Interest due 2001618 and accrued 94 27761 on bonds and stocks 114293 79 Interest due 174651 and accrued 49782 on premium notes loans or liens 2244 33 Interest due 8280 and accrued 136922 on other assets 1452 02 Rents due 715965 and accrued 187716 on companys property or lease 9036 81 Total carried out 478848 98 Market value of bonds and stocks over cost 1275199 18 New Business Renewals Gross premiums due and unre ported on policies in force De cember 31 1901 343332 98 266539 06 Gross deferred premiums on policies in force December 311901 797778 26 1082159 93 Totals1141111 24 1348698 99 Deducting loading 45 per cent on new and 1 per cent on renewals 513500 06 101152 42 Net amount of uncollected and deferred premiums 627611 18 1247546 57 Industrial 57359324 8118 82759 454765 65 Extended 2329923 40 Total assets as per the books of the company 74785567 35 ITEMS NOT ADMITTED Agents balances 13808 59 Total 13808 59 Total assets less items not admitted 74771758 76 VLIABILITIES Net present value of all the outstanding pol icies in force on the 31st day of December 1901 computed according to the Actua ries Table of Mortality with 4 per cent interest issue of 1901 Annuity Table 3 per cent 62660814 00 Deduct net value of risks of this company reinsured in other solvent companies 79829 00 Net reinsurance reserve I2Present value of amounts not yet due on matured install ment policies 62580985 00 32085 00232 COMPTROLLERGENERALS REPORT J 7 7J 10 11 12 13 16 17 18 19 113911 30 33806 25 299 27 97814 73 3 Claims for death losses due and unpaid 4 Claims for matured endowments 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 Amounts due and unpaid on annuity claims Death losses reported no proofs received Total policy claims Amount of all unpaid dividends of surplus or other de scription of profits due policyholders Premiums paid in advance Agents cash deposits in lieu of bond Amount due on account of salaries rents and office ex penses Amount of any other liability of the company viz Liens in excess of reserve Special reserve Liabilities on policyholders account Gross surplus on policyholders account Total liabilities 245831 55 20626 66 208807 47 43422 95 201727 40 274315 30 1225427 00 64833228 33 9938530 43 74771758 76 VIPREMIUM NOTE ACCOUNT Premium notes loans or liens on hand De cember 31 of previous year Premium notes loans or liens received dur ing the year 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 policyholders Amount of notes loans or liens redeemed by maker in cash Total reduction of premium note account 670169 75 71498 53 741668 28 14205 44 65152 46 653 53 8489 18 88500 61 Balance note assets at end of the year Business in Georgia During 1901 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year1641 Number and amount of policies on the lives of citizens of Georgia issued during the year1390 Total 653167 67 Amount 1680677 00 1239336 00 2931 2920013 00COMPTROLLERGENERALS REPORT 233 Daduct number and amount which have ceased to be in force during the year 901 715563 00 Total number and amount of policies in force in Georgia December 31 19012030 2204450 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1000 00 Amount of losses and claims on policies in Georgia in curred during the year 12 lli77 00 Total 13 12977 00 Amount of losses and claims on policies in Georgia paid during the year 12 12477 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 divi dends commissions or other expenses V AnswerTotal 25177942 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 8875282 00 Premiums 256850 35 Lsses 64201 75 Tax 2568 50 MICHIGAN MUTUAL LIFE INSURANCE COMPANY OF DETROIT MICHIGAN O R Looker President G W Sanders Actuary C A Kent VicePresident A P Moore Secretary Principal Office 150 Jefferson Avenue Detroit Mich H H Cobb Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 250000 00 Amount of net or ledger assets December 31 of previous year 6569873 64 Extended at 6569873 64 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 253573 92 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 880527 87 2 Premium notes loans or liens taken in part payment for premiums on new policies 2591 70234 COMPTROLLERGENERALS REPORT 2 Premium notes loans or liens taken in part payment for renewal premiums 3 Prom dividends applied to pay running premiums 3J From dividends applied to purchase paidup additions and annuities 4 From surrender values applied to pay running premiums 142OSS 78 18279 54 11828 78 8540 46 Total 1317431 05 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 95593 renewals 13 36032 14316 25 7 Total premium income 1303114 80 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received forintereston 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 13 Cash received for rents for use of companys property 14 Cash received for profits on sales of bonds or stocks real estate 112840 all other 5000 16 From dividends and surrender values on re insurances 19 From all other sources viz Deposit from policy holders 13647 annuitants 7 31053 7477 00 286909 35 5500 00 44997 24 3859 67 359 15 21817 76 1178 40 307 17 Total income 1675520 54 Total 8245394 18 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary addi tions 502262 57 3 Cash paid for matured endow ments and additions there to 76532 18COMPTROLLERGENERALS REPORT 235 5 Cash paid for sums falling due during the year on install ment polices 7709 00 10 11 12 13 14 Total 586503 75 6 Deduct amount received from other companies for losses or claims on policies of this company 6000 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 pur chase of surrendered policies voided by lapse Cash dividends paid policy holders 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 pay notes on defaulted policies Surrender values applied to pay interest on notes of defaulted policies Total paid policyholders 760976 56 16 Cash paid stockholders for interest or divi dends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 17892846 renewals 62 31770 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 compen sation of officers and other home office employees 21 Cash paid for taxes on new premiums 3 31885 on renewals 1553014 22 Cash paid on real estate 23 Cash paid for insurance department fees and agents licenses 115360 municipal licenses 320842 24 Cash paid for rent 25 Losses on mortgage account 26 Cash paid for furniture fixtures and safes for home and agency offices 580503 75 500 09 5050 33 5878 81 18279 54 11828 78 103903 61 8540 46 25921 03 570 25 25000 00 241246 16 46286 60 20842 19 49514 95 18848 99 7713 34 4362 02 13792 79 1628 60 2146 04236 COMPTROLLERGENERALS REPORT 27 Cash paid for advertising 479771 print ing 1437208 postage 621586 28 Cash paid for real estate expenses other than taxes 662952 for legal expenses 925329 revenue 248544 29 Cash paid for the following items viz Losses on real estate 218300 agents balances 77357 General expense recording fees office supplies subscriptions etc Total miscellaneous expenses 49146651 30 Total disbursements 25385 65 1S368 25 2956 57 13374 36 1252443 07 81 Balance 6992951 II Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 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 col lateral 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 10 Agents ledger balances 11 Total net or ledger assets as per balance above 6992951 11 13 Total net or ledger assets less depre ciation 6992 95i 11 OTHER ASSETS 14 Interest due 2523042 and accrued 7S 81031 on mortgages 15 Interest due and accrued on bonds and stocks 16 Interest due and accrued on collateral loans 17 Interest due 420578 and accrued 6065 76 on premium notes loans or liens is Interest due and accrued on other assets 19 Rents due and accrued on companys prop erty or lease Total carried out 118440 78 407676 86 5507311 20 25000 00 623810 20 89877 61 158391 00 26750 84 149706 20 4427 20 I 104040 73 916 66 425 34 10271 54 349 71 2436 80 COMPTROLLERGENERALS REPORT 237 20 21 23 24 Market value of real estate over cost Market value of bonds and stocks over cost 19053 78 9609 00 Gross premiums due and un reported on policies in force December 31 1901 Gross deferred premiums on policies in force December 31 1901 New Business Renewals 38285 89 28328 48 62602 81 54888 25 100888 70 26 Totals Deducting loading 434 per cent on new and 069 per cent on renewals Net amount of uncollected and deferred premiums 57092 81 77464 78 Extended 134557 59 43795 89 83216 73 5751 95 28 Total assets as per the books of the company 7274612 26 9 Total assets less items not admitted 7274612 26 V LIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to the actuaries table of mortality with four per cent interest 6958679 90 Deduct net value of risks of this company reinsured in other solvent companies 30733 00 Net reinsurance reserve 6927946 90 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 1915 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 8885 48 8 Present value of unpaid amounts on ma tured installment policies face 1833333 13598 94 Total policy claims 24399 42 10 Amount of all unpaid idividends of surplus or other de scription of profits due policyholders 515 88 13 Amount due on account of salaries rents and office ex penses 3351 93 16 Amount of any other liability of the company 8936 32 Deposit account 1636 47 17 Liabilities on policyholders account 6966786 92 18 Gross surplus on policyholders account 307825 34 19 Total liabilities 7274612 26238 COMPTROLLERGENERALS REPORT VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 94420 14 2 Premium notes loans or liens received dur ing the year on new policies 259170 on old policies 14208878 144630 48 Total 239100 62 Deductions during the year as follows Amountof notes loans or liens used in pur chase of surrendered policies 25921 03 Amount of notes loans or liens voided by lapse 5050 33 Amount of notes loans or liens redeemed by maker in cash 11851 65 Total reduction of premium note account 149223 01 Balance note assets at end of the year 89877 61 Business in Georgia During 1901 No Amount JN umber and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 190 539423 38 Number and amount of policies on the lives of citizens of Georgia issued during the year 49 130353 11 Total 239 669776 49 Deduct number and amount which have ceased to be in force during the year 45 139954 64 Total number and amount of policies in force in Georgia December 31 1901 194 52982185 Amount of losses and claims on policies in Georgia in curred during the year 3 5500 00 Total 3 5500 00 Amount of losses and claims on policies in Georgia paid during the year 3 5500 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 1511615 notes or credits 356988 Total 1S68603 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 625 509 00 Premiums 187S9 35 Losse3 4787 00 Tax 187 89COMPTROLLERGENERALS REPORT 239 MUTUAL BENEFIT LIFE INSURANCE COMPANY NEWARK N J Fbedeeick Frelinghuysex President Edward L Dobbins Secretary Principal office 752 Broad Street Newark N J C V Angier Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets Decem ber of previous year 70956062 82 Extended at 70956062 82 IIINCOME DURING THE YEAR 1901 1 Cash received for premiums on new policieswithoutde ductions for commissions or other expenses 1299176 26 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 7428566 42 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 36819 77 2 Premium notes loans or liens taken in part payment for renewal premiums 603580 73 3 From dividends applied to pay running premiums 1103954 92 3J From dividends applied to purchase paidup additions and annuities 350710 56 4 From surrender values ap plied to pay running pre miums 16686 72 5 Consideration for annuities other than matured install ment policies 167489 51 Total 11006984 89 7 Total premium income 11006984 89 8 Cash received for interest on mortgage loans 1817434 82 9 Cash received for interest on bonds owned and dividends on stock 715922 40 10 Cash received for interest on premium notes loans or liens 900772 88 11 Cash received for interest on other debts due the company 2154 82240 COMPTROLLERGENERALS REPORT 12 Cash received as discount on claims paid in advance 953 70 13 Cash received for rents for use of com panys property 191386 28 14 Cash received for profits on sales of real estate 17614 13 17 Premium notes loans or liens restored by revival of policies 6479 06 Total income 14659702 98 2 5 7 8 9J 10 11 12 13 14 17 Total 85615763 80 IIIDISBURSEMENTS DURING YEAR 1901 Cash paid for death claims including revisionary addi tions 4029607 01 Premium notes loans or liens used in payment of the same 148700 64 Cash paid for matured en dowments and additions thereto 979543 23 Premium notes loans or liens used in the payment of same 51738 95 Cash paid for sums falling due during the year on in stallment policies 46396 16 Total 5255985 99 Total net amount actually paid for losses and matured endowments 5255985 99 Cash paid to annuitants 81233 23 Premium notes loans or liens used in pur chase of surrendered policies 17257304 voided by lapse 1467109 187244 13 Premium notes loans or liens used in pay ment of dividends to policyholders 5552 85 Cash dividends paid policyholders 282412 11 Cash dividends applied to pay running pre miums 1103954 92 Cash dividends applied to purchase paidup additions and annuities 350710 56 Surrender values paid in cash 1060534 89 Surrender values applied to pay running premiums 16686 72 Total paid policyholders 834431540 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 57468425 renewals 520 93097 1095615 22COMPTROLLERGENERALS REPORT 241 18 19 20 21 23 26 27 28 29 30 31 1 2 3 4 7 8 lo 11 13 Cash paid for salaries and allowances to managers and agents 34459 29 Cash paid for medical examiners fees 122093 23 Cash paid for salaries and all other com pensation of officers and other home of fice employees 275681 89 Cash paid for taxes on premiums 107 25017 Internal Revenue 1554837 122798 54 Cash paid for taxes on reserves 1788250 on investments 17823025 on real es tate 4919095 245303 70 Cash paid for insurance department fees and agents licenses 994683 municipal licenses 3532333 45270 16 Cash paid for investment expense 55 18973 miscellaneous office expenses 5370981 108899 54 Cash paid for advertising 2339397 print ing 963867 postage 2750636 60539 00 Cash paid for real estate expenses other than taxes 6110779 for legal expenses 51859614 79703 93 Cash paid for the following items viz Charged off from real estate 17614 13 Premiums on bonds purchased 275335 00 Total miscellaneous expenses 219036450 Total disbursements 10827629 03 Balance 74788136 77 IVASSETS AS PER LEDGER ACCOUNTS Real estate exclusive of all incumbrances 2933387 01 Loans on mortgage first liens on real estate 36013326 73 Loans secured by pledge of bonds stocks or other marketable collaterals 6769450 00 Loans made in cash to policyholders on this companys policies assigned as col latteral or secured by terms of policy 6519104 37 Premium notes loans or liens on policies in force of which 3554495 was received during the year 1693063 02 Par value of bonds and stocks owned ex cluding accrued interest at time of pur chase 16891167 56 Cash in companys office 2 888 93 Cash deposited in banks 9423S5 81 Agents ledger balances 23363 34 Total net or ledger assets as per bal ance above 74788136 77 Total net or ledger assets less depreciation 74788136 77 Ji in242 COMPTROLLERGENERALS REPORT 14 15 16 17 IS 23 24 25 26 28 OTHER ASSETS Interest due 4843447 and accrued 724 15867 on mortgages 772593 14 Interest accrued on bonds and stocks 142865 79 Interest accrued on collateral loans 212 24 Interest accrued on premium notes loans or liens 117326 57 Interest accrued on other assets cash loans on policies 143939 98 Total carried out 1176937 72 Market value of bonds and stocks over par 1571521 97 New Business Renewals Gross premiums due and unre ported on policies in force December 31 1901 116430 31 274003 03 Annuities 7904 50 Gross deferred premiums on policies in force December 311901 102486 49 653073 63 Totals 226821 30 927076 66 Deducting cost of collection 43 percent on new and 20 per cent on renewals 5 per cent on annuities to reduce renewals to net 94529 44 185415 32 Net amount of uncollected and deferred premiums 132291 86 741661 34 873953 20 Total assets as per the books of the company 78410549 66 ITEMS NOT ADMITTED 5 Agents balances 23363 34 Total 9 23363 31 Total assets less items not admitted 78387186 32 4 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of Decem ber 1901 computed according to the act uarys table of mortality with four per cent interest 70589337 00 Net reinsurance reserve 70589337 00 Claims for matured endowments due and unpaid 29441 00 Claims for death losses in process of ad justment or adjusted and not due 193549 07 Claims for death losses and other policy claims resisted by the company 23000 00COMPTROLLERGENERALS REPORT 243 8 Present value of unpaid amounts on ma tured installment policies face 174 33566 128512 75 Claims for death losses which have been reported and no proofs received 225000 00 Total policy claims 599 502 82 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 304602 59 13 Amount due on account of salaries rents and ofiice ex penses estimated 25 000 00 16 Amount of any other liability of the company viz Pre miums paid in advance 4692467 deferred endow ment claims 5689849 103 823 16 Special reserve on policies issued since 1899 on 3 percent basis 29926800 deferred death claims 1167250 310940 50 17 Liabilities on policyholders account 71933206 07 18 Gross surplus on policyholders account 6453980 25 19 Total liabilities 78387186 32 21 Estimated surplus accrued on all other Plicies 6453980 25 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 4642834 69 2 Premium notes loans or liens received dur ing the year on new policies 3681977 on old policies 61653885 653358 62 Total 5296193 31 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 200439 5 Amount of notes loans or liens used in purchase of surrendered policies 172573 04 Amount of notes loans or liens voided by laPse 14671 09 Amount of notes loans or liens used in payment of dividends to policy Mders 5552 85 Amount of notes loans or liens re deemed by maker in cash 209 893 72 Total reduction of premium note account 603130 29 Balance note assets at end of the year 4693 063 02 Business in Georgia During 1901 Number and amount of policies on the lives of citi zens of Georgia in force December 31 ofprevious year 2651 6204597244 COMPTROLLERGENERALS REPORT Number and amount of policies on the lives of citi zens of Georgia issued during the year 578 1013988 Total 3229 7218585 Deduct number and amount which have ceased to be in force during the year 295 569257 Total number and amount of policies in force in Georgia December 31 1901 2934 6649328 Amount of losses and claims on policies in Georgia incurred during the year 23 56054 Total 23 56054 Amount of losses and claims on policies in Georgia paid during the year 20 46887 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 Ans 23583064 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 6470754 00 Premiums 237284 46 Losses 79961 S8 Tax 2372 84 MUTUAL LIFE INSURANCE COMPANY OF KENTUCKY LOUIS VILLE KV Geo W Morris President David Meriwether Secretary Principal Office Fifth and Market Streets Louisville Ky T R Jones Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Extended at 2887532 53 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 111612 58 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 895340 90 Prom dividends applied to pay running premiums 24396 80 i Prom surrender values ap plied to iiay running pre miums 31 36COMPTROLLERGENERALS REPORT 245 4 From surrender values ap plied to purchase paidup insurance and annuities 21610 00 70488 32 40515 90 26913 75 3902 23 33 66 Total 553021 19 7 Total premium income 55302119 8 Cash received for iuterest 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 13 Cash received for rents for use of com panys property including 2850 for companys own occupancy 22699 40 Total income 717574 45 Total 3605106 98 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary ad ditions 268214 86 3 Cash paid for matured en dowments and additions thereto 40376 00 Total 308590 86 7 Total net amount actually paid for losses and matured endowments 9 Premium notes loans or liens used in pur chase of surrendered policies 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paid up additions and annuities lS Surrender values paid in cash 14 Surrender values applied to pay running premiums 15 Surrender values applied to purchase paid up insurance aud annuities 16 Cash paid stockholders for iuterest or div idends 17 Cash paid for commissions and bonuses to agents lesscommission on reinsurance new policies 7410673 renewals 20 78393 308590 86 7558 00 4132 36 24396 30 4738 12 63317 26 31 36 21610 00 6000 00 94890 66246 COMPTROLLERGENERALS REPORT 18 Cash paid for salaries and allowances to managers and agents 12550 32 19 Cash paid for medical examiners fees 12383 inspection of risks 1252 13635 00 20 Cash paid for salaries and all other compen sation of officers and other home office employees 26130 15 21 Cash paid for taxes on new premiums 99424 on renewals 322098 4215 22 22 Cash paid for taxes on real estate 379245 on franchise 336628 7168 73 23 Cash paid for insurance department fees and agents licenses i474l8 munici pal licenses 151055 4984 73 24 Cash paid for rent including 2850 com panys occupancy 5436 22 25 Cash paid for expense medical department 838609 8386 09 26 Cash paid for losses on sales of real estate 950959 on sale or maturity of securi ties 107128 10580 87 27 Cash paid for advertising 11422 20 print ing 726564 postage 261671 21304 55 28 Cash paid for real estate expenses other than taxes 1233115 for legal expenses 625450 clerk Jeff Co 2910 18614 75 29 Cash paid for the following items viz ex change 12599 committees 725 agents traveling expenses 436683 ex pense on investments 2555 incidental 4135 81 internal revenue stamps 1 13961 purchased renewal commission 11351 reinsurauce 47864 interest paid on endowment bonds 3381 11144 75 Total miscellaneous expenses 17326 39 30 Total disbursements 696732 6 31 Balance 2908374 29 IVASSETS AS PEB LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrauces 527 96 2 Loans on mortgage first liens on real es tate 1016931 92 3 Loans secured by pledge of bonds stocks or other marketable collaterals 92125 02 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 884C63 50COMPTROLLERGENERALS REPORT 247 5 Premium notes loans or liens on poli cies in force of which 35579 was re ceived during the year 6 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 Iioans on renewals 10 Agents ledger balances Furniture and fixtures 421816 station ery and supplies 1200 1 Total ledger assets as per balance above 2908375 75 Agents credit balances 1 46 41737 25 972796 73 4848 41 69442 73 6400 00 11374 07 5418 16 13 14 15 16 17 18 19 20 21 Total net or ledger assets less depreciation 290S374 29 OTHER ASSETS Interest due 2170473 and accrued 16 66494 on mortgages 38369 67 Interest due and accrued 696633 on bonds and stocks 6966 33 Interest due 1124387 and accrued 12403 on collateral loans 12367 90 Interest due 54429 and accrued 799660 on premium notes loans on policies or liens 8540 89 Interest due and accrued 16784 ou other assets 167 84 Rents due and accrued on companys property or lease 1652 49 Total carried out 68065 12 Market value of real estate over cost 477s0 18 Market value of bonds and stocks over cost 24810 52 New Business Renewals 24 31722 23 9635 96 5656 91 21657 45 26 Gross premiums due and un reported on policies in force December 31 1901 Gross deferred premiums on policies in force December 31 1901 Totals Deducting loading 50 per cent on new and 3 per cent on renewals Net amount of uucollected and deferred premiums 18689 57 30354 61 Extended 37379 14 31293 41 18689 57 938 80 49044 is 28 Total assets as per the books of the company 3098074 29248 COMPTROLLERGENERALS REPORT Items Not Admitted 2 Judgments furniture fixtures and safes 5418 16 3 Commissions payable to agents on pre mium notes when paid 177 90 5 Agents balances 8557 98 6 Loans on personal security endorsed or not 5000 00 Total 19154 04 9 Total assets less items not admitted 3078920 25 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed ac cording to The Actuaries Table of Mortality with four per cent interest 2991408 00 Same for reversionary addi tions 49784 00 3041192 00 Deduct net values of risks of this company reinsured in other solvent companies 812 00 Net reinsurance reserve 3040880 00 3 Claims for death losses due and unpaid 9648 14 Total policy claims 9648 14 16 Amount of any other liability of the company viz in terest on gold investment bonds and all other liabil ities 2000 00 1 Liabilities on policyholders account 3052528 14 18 Gross surplus on policyholders account 26392 11 19 Total liabilities 3078920 25 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 5000 00 21 Estimated surplus accrued on all other pol icies 21392 11 VI PREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 52829 47 2 Premium notes loans or liens received dur ing the year on new policies 186626 on old policies 6110839 65974 65 Total 118804 12COMPTROLLERGENERALS REPORT 249 Deductions during the year as follows Amount of notes loans or liens used in pur chase of surrendered policies 7558 00 Amount of notes loans or liens redeemed by maker in cash 69508 87 77066 87 Balance note assets at end of the year 41737 26 Business in Georgia during 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 784 1080374 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 311 433716 00 Total 1095 1514090 00 Deduct number and amount which have ceased to be in force during the year 179 252604 00 Total number and amount of policies in force in Geor gia December 31 1901 916 1261486 00 Amount of losses and claims on policies in Geoogia in curred during the year 8 14690 00 Total 8 14690 00 Amount of losses and claims on policies in Georgia paid during the year 8 14690 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 AnswerCash 3280987 notes or credits 28771 total 3309758 BUSINESS IN GEORGIA FOR YEAR ENDiNG APRIL 30 1902 Insurance in force 1110091 00 Premiums 43106 91 Losses 17940 00 Tax 431 06 MUTUAL LIFE INSURANCE COMPANY OF NEW YORK N Y Richard A McCurdy President William J Easton Secretary Principal Office 32 Nassau Street New York City R F Shedden Atlanta Ga Attorney for Service iu Georgia ICAPITAL STOCK 1 No capital stocka purely mutual company Amount of net ledger assets December 31st 1900 297820551 66 IIINCOME DURING YEAR 1901 As silvan by the books at the home office at close of business December SI it 1 From premiums on new pol icies less interest included in defeired premiums 12250 COMPTROLLERGENERALS REPORT 25955 and 755890 for first years reinsurance and excluding revivals after first year 7821583 74 3 Single premiums without de ductions for commissions or other expenses 7a2731 77 5 From dividends applied to purchase new paidup ad ditions 1671836 14 7 From surrender values ap plied to purchase new paid up insurance 384912 21 Total new premiums 10661063 88 2 From renewal premiums less interest included in defer red premiums 13173908 and 6175645 for renewal reinsurance 36921214 43 4 From surrender values ap plied by policyholders to pay renewal premiums 614502 33 Total renewal premiums 37535716 76 8 Consideration for annuities 3250007 II 9 10 11 Total premium income 5144 Rents from companys prop erty including 175000 lor companys own occupancy 1110638 09 From interest on mortgage loans 3589697 30 12 From interest on collateral loans including 544056 55 on policy loans 954112 83 13 From interest on bonds and dividends on stocks 7574668 43 14 From interest on other debts due the company and on deposits in banks From interest on deferred premiums 787 73 15 300366 55 143998 63 Total rents and interest Profit on sale of securities less offsets Mortuary bond deposits Total Total 13673482 46 422560 32 81475 00 income 65624305 51 363444857 17COMPTROLLERGENERALS REPORT 251 IIIDISBURSEMENTS DURING YEAR 1901 As shown by the books at the home office at close of business December 31st 1 Paid for death claims 16 21236143 additions 1 1316617017344023 13 2 For matured endowments 3 93244927 additions 46809049 4400539 76 5 Total amount actually paid lor losses and matured endowments21744562 89 6 Paid to annuitants including 21 59994 in terest on mortuary bonds 1545514 51 8 Dividends paid policyholders 627338 68 10 Dividends applied to purchase new paidup additions 1671836 14 11 Surrender values paid in cash 2091003 14 12 Surrender values applied by policyholders to pay renewal premiums 614502 33 13 Surrender values applied to purchase new paidup insurance on lapses of 1900 384912 21 Total paid policyholders 2867966990 15 Cash paid for commissions and bonuses 10 agents less commissions on reinsur ances new policies 593201998 single premium policies 2755609 renewal policies 209183956 on annuities 14521378 8196629 41 17 Cash paid for agency expenses and travel ing 1209106 00 18 Cah paid for salaries of officers and home office employees who receive no other compensation 77153S 71 19 Cash paid for medical examiners fees and salaries 48334255 inspection of risks 15665499 539997 54 20 Cash paid for insurance department fees taxes on premiums and reserves and agents licenses 530431 22 21 Cash paid for taxes on real estate 303 58667 United States stamp taxes 57 69105 361277 72 22 Cash paid for examinations by State insur ance departments B90 55 23 Cash paid for repairs and expenses other than taxes on real estate 47210 56 24 Cash paid for rent 175000 00 23 Cash paid for advertising 21588277 print ing and stationery 51975030 postage and telegraph 15217457 887807 04252 COMPTROLLERGENERALS REPORT 20 Cash paid for legal expenses 28 Cash paid for exchange 676277 express freight and duty 293866 sundry ex penses 24868207 Total miscellaneous expenses 1377293660 243516 78 284831 47 Total disbursements 42452606 50 Balance320992250 67 IVLEDGER ASSETS As per ledger aceounts shoivn by the books at the home office at close of business December 31st 1 Book value of real estate 27542442 44 2 Mortgage loans on real estate 81564209 88 3 Loans secured by pledge of bonds stocks or other collateral 10638000 00 4 Loans made policyholders on this compa nys policies assigned as collateral 6 Book value of bonds owned excluding in terest 13836049206 stocks 34570 68519 7 Cash in companys office 2655528 de posited in banks 1672033918 8 Agents debit balances Total321081002 99 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 1502628 all other 7372604 88752 32 11319067 23 172931177 25 16746894 46 339211 73 Total net ledger assets as per balance above 320992250 67 NONLEDGER ASSETS 10 Interest due 4151025 and accrued 918 33516 on mortgages 959845 41 11 Interest accrued on bonds 1578977 99 12 Interest due on collateral loans 1985 85 14 Interest accrued on other assets 26897 61 15 Rents due 2579961 and accrued 106 32658 on companys property 132126 19 Total 2717673 05 17 Market value as per quotations December 31st 1901 not including interestj of bonds and stocks over book value 25132803 99 18 Gross premiums due and unre ported on policies on which atleast onepremium had been New paid in force December 31st Business Renewals 1901 50852 48 2921146 93 39 Gross deferred premiums on policies on which at least oneCOMPTROLLERGENERALS REPORT 253 premium had been paid in force December 31st 1901 203309 54 2244010 66 20 Totals254162 02 5165157 59 21 Deduct loading 20 per cent 50832 40 1033031 52 22 Net amount of uncollected and deferred premiums203329 62 4132126 07 4335455 69 Gross assets December 31 19011353178183 40 DEDUCT ASSETS NOT ADMITTED 8 Agents debit balances 339211 73 Total admitted assets 352838971 67 VXONLEDGEK LIABILITIES As shown by the books at the home office at close of business December 31st J Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to the Actuaries Table of Mortality with four per cent interest American 33 per cent on issues on 1898 1899 1900 and 1901 254314469 00 Same for revisionary additions 13938052 00 Same for annuities including those in reduction of premiums 18561848 00 Total286814369 00 Deduct net value of risks of this compa ny reinsured in other solvent compa nies 17609 00 Net reserve 286796760 00 3 Claims for matured endowments due and unpaid papers not completed 384906 44 5 Claims for death losses in process of ad justment or adjusted and not due 1099217 70 6 Death losses which have been reported and no proofs received 261432 00 7 Claims for death losses and other policy claims resisted 52609 00 8 Amounts due and unclaimed on annui ties 137739 35 Total policy claims 1915904 49 9 Unpaid dividends due policyholders including those contingent on payment of outstanding premiums 109035 41 11 Amount due and accrued on account of salaries rents office expenses or other expense items 42459 91 12 Amount of premiums paid in advance 249588 7254 COMPTROLLERGENERALS REPORT 13 Amount of any other liability of the company viz For mortuary bonds 53869006 for contingent guaran tee fund 6070658283 61245 272 89 Liabilities on policyholders account 350358971 67 Divisible surplus 2480000 00 Total liabilities 352838971 67 Business in Georgia During 1901 Number and amount of paid for policies in force De No Amount cember 311900 7282 17432615 00 Number and amount of policies paid for during the year 1919 4026850 00 Total 9201 21459465 00 Deduct number and amount which have ceased to be in force during the year 934 1751183 00 Total number and amount of paid for policies in force in Georgia December 31 1901 8267 19708282 00 Number and amount of losses and claims unpaid De cember 31 1900 3 8989 00 Number and amount of losses and claims incurred dur ing the year 96 301905 00 Total 99 310894 00 Number and amount of losses and claims on policies paid during the year 96 303523 00 Amount of business written in Georgia during the year 1901 6197500 00 What amount of premium was collected or secured during the year in cash and notes or credits without any deduction for losses dividends commis sions or other expenses AnswerCash 72033817 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 20889750 00 Premiums 740521 64 Losses 355544 93 Tax 7405 21 MUTUAL RESERVE FUND LIFE INSURANCE COMPANY NEW YORK N Y Frederick A Burnham President Charles W Camp Secretary Principal office 309 Broadway New York Irvin Alexander Augusta Ga Attorney for Service in Georgia icapital stock Amount of net or ledger assets admitted December 31 of previous year 11514932 81 Extended at 11514932 81 EstimatedV 8 9 10 11 13 19 11 13 17 18 COMPTROLLERGENERALS REPORT 255 IIINCOME DURING YEAR 1901 Cash received for premiums on new policies without deductions for commis sions or other expenses 336811 00 Cash received for renewal premiums without deduc tions for commissions or other expenses 6808169 37 From dividends applied to pay running premiums 95462 56 Total 7240442 93 Total premium income 7240442 93 Cash received for interest on mortgage loans 25118 79 Cash received for interest on bonds owned and dividends on stock 14425 31 Cash received for interest on premium notes loans or liens 135525 36 Cash received for interest on other debts due the company 7648 47 Cash received for rents for use of com panys property including 50400 for com panys own occupancy 143470 75 From all other sources viz Fees for al terations in policies etc252 99 Total income 7566884 CO Total 19081817 41 IIIDISBURSEMENTS DURING YEAR 1901 Cash paid for death claims 4789292 64 Cash paid for disability ben efits 6705 14 Total 4795997 78 Total net amount actually paid for losses and matured endowments 4795997 78 Cash paid to annuitants 9832 31 Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 225507470 2255074 70 Cash dividends applied to pay running pre miums 95462 56 Surrender values paid in cash 39881 97 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 19208974 renewals 8297805 275067 79 Cash paid for salaries and allowances to managers and agents 158035 40256 39 20 21 23 24 25 26 27 28 2 30 31 COMPTROLLERGENERALS RETORT Cash paid for medical examiners fees 1636883 inspection of risks 725147 23620 30 Cash paid for salaries and all other com pensation of officers and other home office employees 307821 93 Cash paid for taxes on new premiums on renewals 2117175 21171 75 Cash paid for taxes on reserves 45162 on investments 8803575 on franchise 3500 88522 37 Cash paid for insurance department fees and agents licenses 2499910 munic ipal licenses 95110 25950 20 Cash paid for rent including 50400 com panys occupancy 75303 48 Cash paid for commuting commissions 211666 67 Cash paid for furniture fixtures and safes for home and agency offices 2944 42 Cash paid for advertising 2893393 print ing 33302 80 62236 73 Cash paid for real estate expenses other than taxes 10490199 forlegalexpenses 4029095 14519294 Cash paid for the following items viz Postage 3248189 traveling 2824598 actuarial expenses 2744124 investment expenses 120000 general office ex penses 12933797 internal revenue tax 301084 expenses investigating and ad justing 480583009 of death and other benefit claims 15512403 376841 95 Total miscellaneous expenses 177437592 Total disbursements 8970625 25 Balance10111192 16 Invested in the following IVASSETS AS PER LKDGBB ACCOUNTS Cost value of real estate exclusive of all incumbrances 679910 96 Loans on mortgage first liens on real es tate 534150 00 Premium notes loans or liens on policies in force of which 181834840 was re ceived during the year 7412869 60 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 4355 61 Cash in companys office 908 8710 11 12 13 14 15 COMPTROLLERGENERALS REPORT 257 Cash deposited in banks Central Natl Bank New York 1493909 National Provincial Bank London Eng 6970836 Western Natl Bank New York 500000 Credit Lyonnais Paris France 121701 Parrs Bank Ltd Consolidated Branch London Eng 47617 Central Trust Co New York 98155 National Broadway Bank New York 1500000 Continental Natl Bank St Louis Mo 1150000 City Trust Co New York 15246117 The Molsons Bank Montreal Que 760047 Ontario Bank of Toronto Ont 789090 Chatham Natl Bank New York 246 04990 Lazard Freres Co Paris France 26688 Atlas Loan Co Toronto Ont 226922 Canadian Bank of Com merce Winnipeg Man 1968 Mer chants Natl Bank Baltimore Md 16 47273 East River Natl Bank New York 362906 National Shoe and Leather Bank New York 1000000 Merchants Exchange Natl Bank New York 40 52128 National Shawmut Bank Boston Mass 1156990 National Park Bank New York 2255582 Morgan Harjes Co Paris France 41246 Comptoir Na tional dEscompte Paris France 15 85915 Stockholm Enskilda Bank Stock holm 3104310 Privatbanken i Kjob enhavn Copenhagen Denmark 569187 Banca dltalia Rome 3607611 Credit Foncier Paris France 2033935 Credit Lyonnais Brussels Belgium 2537774 Credit Lyonnais Madrid Spain 37541 32 Toronto General Trusts Corporation Toronto Ont 1000000 City Natl Bank Knoxville Tenn 13806 total 812608 35 Agents ledger balances 90339 21 On deposit in collecting banks and with bonded collectors 48678 40 Total10114499 00 Deduct agents credit balances3306 84 Total net or ledger assets less depreciation 10111192 16 OTHER ASSETS Interest due 114731 and accrued 4 61615 on mortgages 5703 AC Interest due 86822 and accrued 236395 on bonds and stocks 3232 17 17 in258 COMPTROLLERGENERALS REPORT 16 17 18 19 20 23 24 25 26 28 Interest due and accrued on collateral loans Interest due and accrued 11188970 on premium notes loans or liens Interest due 127350 and accrued on other assets Bents due 472707 and accrued on com panys property or lease Total carried out Market value of real estate over cost 111889 70 1273 50 4727 07 126SS5 90 27749 54 Gross premiums due and unreported on policies in force December 31 1901I Gross deferred premiums on policies in force December 31 1901 Renewals 235263 67 936579 31 3 4 5 6 7 10 Totals 1171842 98 Deducting loading per cent on new and 5 per cent on renewals 58592 15 Net amount of uncollected and deferred premiums 1113250 83 Extended U13250 83 Total assets as per the books of the company 11379078 43 ITEMS NOT ADMITTED Agents balances 90339 21 Depreciation in bonds and stocks 1776 05 Premium notes or loans and net premiums in item 26 in excess of reserves on policies 156358 41 Total 248473 67 Total assets less items not admitted11130604 6 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to the Actuaries Table of Mortality with four per cent interest 9068463 66 Net reinsurance reserve 9068468 66 Claims for death losses due and unpaid 28060 74 Claims for death losses no proof received 412775 00 Claims for death losses in process of ad justment or adjusted and not due 630828 51 Claims for death losses and other policy claims resisted by the company 11827 95 A mounts due and unpaid on annuity claims 1200 00 Total policy claims Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 1197082 20 38925 54 1901 business on American experience per centCOMPTROLLERGENERALS REPORT 259 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Premiums paid in advance Reserved for amount of death losses occurring prior to December 31 1901 unreported on that date 17 18 19 71292 62 19511 25 50000 00 Liabilities on policyholders account 10445280 27 Gross surplus on policyholders account 685324 49 Total liabilities 11130604 76 VIPREMIUM NOTE ACCOUNT Premium notes loans or liens on hand De cember 31 of previous year I 8666253 36 Premium notes loans or liens received during the year on new policies 27 89930 on old policies 179044904 1818348 34 Total5 10484601 70 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 812590 48 Amount of notes loans or liens used in purchase of surrendered policies 4541 64 Amount of notes loans or liens voided by lapse 2255074 70 Amount of notes loans or liens used in payment of dividends to policyholders 25 28 Total reduction of premium note account 3072232 10 Balance note assets at end of the year 7412369 60 Business in Georgia During 1901 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 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 1901 Amount of losses and claims on policies in Georgia un paid December 31 of previous year Amount of losses and claims on policies in Georgia in curred during the year Total Amount of losses and claims on policies in Georgia paid during the year No Amount 1630 3295400 00 439 572629 00 2069 3868029 00 676 1221926 00 1393 2646103 00 10 25900 00 26 55000 00 36 80900 00 27 54100 00260 COMPTROLLERGENERALS REPORi What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any dedection for losses div idends commissions or other expenses Answer Cash 0387218 notes or credits 501005 total 6948223 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1901 Insurance in force 2023724 00 Premiums 72924 13 Losses 65900 00 Tax 729 24 NATIONAL LIFE INSURANCE COMPANY OF WASHINGTON P C O D Wetheeell President A T Parish VicePresident R E Sackett Secretary Principal Office 1430 F St N W Washington D C W H Harrison Atlanta Attorney for Service in Georgia ICAPITA STOCK 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets December 31 of pre ous year 2857788 11 Extended at 2357736 11 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 170486 40 lJCash received for renewal premiums without deduc tions for commissions or other expenses 244736 60 2 Premium notes loans or liens taken in part payment for premiums on new policies 1832 52 24 Premium notes loansor liens taken in part payment for renewal premiums 20205 81 3 From dividends applied to pay running premiums 294 21 4J From surrender values ap plied to purchase paidup insurance and annuities 130S3 57 Total 45123 14 6 Deduct amount of premiums paid to other companies forCOMPTROLLERGENERALS REPORT 261 reinsurance on policies in this company new busi ness 70521 renewals 5 11801 5823 22 7 Total premium income 445415 92 8 Cash received for interest on mortgage loans 36190 85 9 Cash received for interest on bonds owned and dividends on stock 28058 94 10 Cash received for interest on premium notes loans or liens and collateral loans 10318 97 11 Cash received for interest on other debts due the company 4769 12 13 Cash received for rents for use of compa nys property including for compa nys own occupancy 14484 39 16 From dividends and surrender values on reinsurances interest on deferred pre miums 330111 19 From all other sources viz Policy fees 47250 commuted commissions 2 50000 foreclosure expenses 3090 mis cellaneous notes 200000 175003 40 Increase in value of real estate 17000000 Total income 717542 70 Total 3075278 81 IIIDISBURSEMENTS DURING THE YEAR 1901 1 Cash paid for death claims including revisionary ad ditions 189726 92 3 Cash paid for matured en dowments and additions thereto 1500 00 5 Cash paid for sums falling due during the year on in stallment policies 2100 00 Total 193326 92 6 Deduct amount received from other companies for losses or claims on pol icies of this company re insured of which is for matured endowments 20000 00 7 Total net amount actually paid for losses and matured endowments 173326 92 9 Premium notes loans or liens used in pur chase of surrendered policies void ed by lapse 969369 9693 69262 COMPTROLLERGENERALS REPORT 11 Cash dividends applied to pay running premiums 294 21 13 Surrender values paid in cash 25550 32 15 Surrender values applied to purchase paid up insurance and annuities 13683 57 Total paid policyholders 22254871 17 Cash paid for commissions and bonuses to agents less commission on reiusurance newpolicies 14526874 renewals 16 46757 161736 31 18 Cash paid for salaries and allowances to managers and agents 12788 06 19 Cash paid for medical examiners fees 9 56688 inspection of risks 276963 12336 51 20 Cash paid for salaries and all other com pensation of officers and other home office employees 39790 33 21 Cash paid for taxes on new premiums 139053 on renewals 201100 3401 53 22 Cash paid for taxes on franchise 675000 personal taxes 12257 6872 57 23 Cash paid for insurance department fees and agents licenses 172899 municipal licenses 29259 2021 5S 24 Cash paid for rent including compa nys occupancy less received under sublease 2911 64 26 Cash paid for furniture fixtures and safes for home and agency offices 503 54 27 Cash paid for advertising 452067 print ing and supplies 478989 postage 1 78349 11094 05 28 Cash paid for real estate expenses other than taxes 1680510 for legal expenses 1001434 26819 44 29 Cash paid for the following items viz Real estate taxes 1408525 actuarial services 335000 ex and coll 11929 foreclosure expenses 24616 17800 70 Internal revenue 221391 miscellaneous expenses 249638 bills receivable 3 96648 suspended premiums 12453 agents balances 19156 interest 5 02000 tax certificate 3498 14347 84 Total miscellaneous expenses 31242410 30 Total disbursements 534972 81 81 Balance 2540306 00COMPTROLLERGENERALS REPORT 203 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 944261 93 2 Loans on mortgage rirst liens on real estate except 200000 second mortgage 486429 69 3 Loans secured by pledge of bonds stocks or other marketable collaterals 165161 76 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 57824 67 5 Premium notes loans or liens on poli cies in force of which was received during the year 8708 51 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 700467 50 7 Cash in companys office 22106 08 8 Cash deposited in banks 38076 98 9 Bills receivable 20030 84 10 Agents ledger balances of which was advanced during the year 46510 07 Ledger balance 341668 commuted com missions 732591 law library 112125 42616 84 Tax sale certificates 8111 13 11 Total net or ledger assets as per balance above 2540306 00 13 Total net or ledger assets less depreciation 2540306 00 OTHER ASSETS 14 Interest due 11122 58 and accrued 3 66715 on mortgages 14789 73 15 Interest due and accrued 20667 on bonds and stocks 206 67 16 Interest due 381023 and accrued 4 57729 on collateral loans 8387 52 17 Interest due 56cts and accrued 36833 on premium notes loans or liens 368 89 18 Interest due 401102 and accrued 7689 on other assets 4087 91 19 Rents due and accrued 400 on compa nys property or lease 4 00 Total carried out 27844 72 20 Market value of real estate over cost 36944 83 21 Market value of bonds and stocks over cost 9061 88 New Business Renewals 23 Gross premiums due and un reported on policies in force December 31 1901 37872 66 12716 25264 COMPTROLLERGENERALS REPORT 24 25 26 27 28 3 5 i 8 Gross deferred premiums on policies in force December 31 1901 5907 93 21436 08 21890 29 21890 30 1707 62 32444 71 Totals 43780 59 34152 33 Deducting loading 50 per cent on new and 5 per cent on renewals Net amount of uncollected and deferred premiums Extended Furniture fixtures and safes 794792 commuted com missions see item 10 above judgments Total assets as per books of the company ITEMS NOT ADMITTED Commuted commissions Agents balances Bills receivable Supplies printed matter and stationery furniture fixtures and safes Total 54335 01 7947 92 2676440 36 7325 91 46661 75 20030 84 7947 92 81966 42 Total assets less items not admitted 2594473 94 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to the Actuaries Table of Mortality with four per cent interest 1526785 00 Deduct net value of risks of this company reinsured in other solvent companies 27581 00 Net reinsurance reserve 1499204 00 Claims for matured endowments due and unpaid holders whereabouts unknown matured 1889 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due Present value of unpaid amounts on ma tured installment policies face 29 05000 100 00 30000 60 22043 00 17 18 19 Total policy claims Surrender values claimable on policies cancelled whose reserves are not included in item 1 Liabilities on policyholders account7 Gross surplus on policyholders account Total liabilities 52143 60 20563 67 1571911 27 1022562 67 2594473 94COMPTROLLERGENERALS REPORT 265 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 16779 52 2 Premium notes loans or liens received dur ing the year on new policies 183252 on old policies 2020584 22038 36 Total 38817 88 Deductions during the year as follows Bills receivable specialpremium notes in course of collection 3078 18 Bills receivable specialused in pur chase of surrendered policies 26 74 Bills receivable specialvoided by lapse 9178 11 Bills receivable specialredeemed by maker in cash 17826 34 Total reduction of premium note account Balance note assets at end of year Business in Georgia During 1901 30109 37 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previ ous year 381 Number and amount of policies on the lives of citi zens of Georgia issued during the year 338 8708 51 Amount 607138 46 652403 06 Total 719 1259541 52 Deduct number and amount which have ceased to be in force during the year 175 294704 52 964837 00 7000 00 2000 00 Total number and amount of policies in force in Georgia December 31 1901 544 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 2 Amount of losses and claims on policies in Georgia in curred during the year 2 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 year in cash and notes or credits without any deduction for losses divi dends commissions or other expenses Answer Cash 2241750 notes or credits 51397 total 2293145 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 1621363 72 Premiums 34442 37 Losses 7000 00 Tax 344 42266 COMPTROLLERGENERALS REPORT NATIONAL LIFE INSURANCE COMPANY OF MONTPELIER VERMONT James C Houghton President Osman D Clark Secretary Principal Office 116 State Street Montpelier Vt John T Moody Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net ledger assets December 31 of previous year 18587034 S9 Extended at 18587034 89 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 646955 68 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 3121308 89 2 Premium notes loans or liens taken in part pay ment for renewal premi ums 276418 16 3 From dividends applied to pay running premiums 82998 78 3 From dividends applied to purchase paidup additions and annuities 6214 83 5 Consideration for annuities other than matured install ment policies 210066 36 Total 4343962 70 7 Total premium income 4343962 70 8 Cash received for interest on mortgage loans 322373 35 9 Cash received for interest on bonds owned and dividends on stock 302 414 92 10 Cash received for interest on premium notes loans or liens no 516 85 11 Cash received for interest on other debts due the company 22153 22 12 Cash received as discount on claims paid in advance 1000 31 13 Cash received for rents for use of com panys property including 4000 for com panys own occupancy 145485 24COMPTROLLERGENERALS REPORT 267 19 From all other sources viz profit on bonds sold and notes collected 463 09 Total income 5308369 68 Total 23895404 57 IIIDISBURSEMENTS DURING YEAR 190L 1 Cash paid for death claims including revislonary ad ditions 877817 56 2 Premium notes loans or liens used in payment of the same 17502 94 3 Cash paid for matured en dowments and additions thereto 108852 00 5 Cash paid for sums falling due during the year on in stallment policies 8993 21 Total 1013165 71 7 Total net amount actually paid for losses and matured endowments 1013165 71 8 Cash paid to annuitants 34749 05 9 Premium notes loans or liens used in pur chase of surrendered policies 49025 58 9J Premium notes loans or liens used in pay ment of dividends to policyholders 8 80 10 Cash dividends paid policyholders 48774 01 11 Cash dividends applied to pay running pre miums 82998 78 12 Cash dividends applied to purchase paid up additions and annuities 6214 83 13 Surrender values paid in cash 418309 94 Total paid policyholders 165324670 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 38967032 renewals 239 34662 annuities 967128 638688 22 18 Cash paid for salaries and allowances to managers and agents 76053 00 19 Cash paid for medical examiners fees 48 378 inspection of risks 542123 53799 23 20 Cash paid for salaries and all other com pensation of officers and other home office employees 78913 99 21 Cash paid for taxes on new premiums 10 71926 on renewals 4809910 58818 36 22 Cash paid for taxes on reserves 700792 on investments 18093 real estate 35 65048 42839 33268 COMPTROLLERGENERALS REPORT 23 Cash paid for insurance department fees and agents licenses 353714 municipal licenses 177662 5313 76 24 Cash paid for rent including 4000 com panys occupancy 16869 36 25 Cash paid for commuting commissions 12105 01 26 Cash paid for furniture fixtures and safes for home and agency offices 15571 59 27 Cash paid for advertising 2160204 print ing and stationery 1077805 postage 1277156 45151 65 28 Cash paid for real estate expenses other than taxes 7211548 for legal ex penses 574940 77864 88 29 Cash paid for the following items viz losses on sales real estate 1284130 loss on accounts 457845 17419 75 Internal revenue 552124 traveling ex pense 552268 11043 92 Total miscellaneous expenses 1150452 05 30 Total disbursements 2803698 75 31 Balance 21091705 82 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1998497 47 2 Loans on mortgage first liens on real es tate 7591922 67 3 Loans secured by pledge of bonds stocks or other marketable collaterals 20775 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 2206057 97 5 Premium notes loans or liens on policies in force of which 27641816 was received during the year 786876 42 6 Cost value of bonds and stocks owned and warrants excluding accrued interest at time of purchase 7694963 39 7 Cash in companys office 9195 00 8 Cash deposited in banks 775390 62 10 Agents ledger balances fully secured by bond 2027 28 11 Total net ledger assets as per balance above 21091705 82 13 Total net or ledger assets less depreciation 21091705 82 OTHER ASSETS 14 Interest due 935156 and accrued 134 54891 on mortgages 143900 47COMPTROLLERGENERALS REPORT 269 15 16 17 18 19 21 23 24 25 26 28 Interest due 1106928 and accrued 126 93790on bonds and stocks and warrants 138207 18 Interest due and accrued 130686 on collateral loans 1306 86 Interest due 506224 and accrued 87 85051 on premium notes loans or liens 92912 75 Interest due and accrued 900 on other assets 900 00 Bents due f and accrued 1375621 on companys property or lease 13756 21 Total carried out Market value of bonds and stocks over cost New Business Renewals Gross premiums due and un reported on policies in force December 31 1901 102153 14 175103 37 Gross deferred premiums on policies in force December 31 1901 Totals Deducting loading 57 per cent on new and 7 per cent on renewals 91452 12 33825 67 Net amount of uncollected 58289 18 308120 44 100442 32 483223 81 68990 20 449398 14 and deferred premiums Extended Annuity considerations in process of collections net 390783 47 3327 75 518388 34 50610 74 Total assets as per the books of the company 22384263 37 VLIABILITIES Net present value of all outstanding policies in force on the 31st day of December 1901 computed according to the Actua ries Table of Mortality with four per cent interest 19588667 14 Deduct net value of risks of this company reinsured in other solvent companies policies dated January 11901 and subse quently American Experience Tables three per cent Net reinsurance reserveS 19588661 14 Claims for matured endowments due and unpaid 100000 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 43327 1 Claims for death losses and other policy claims resisted by the company 23000 00270 COMPTROLLERGENERALS REPORT 7 Amounts due and unpaid on annuity claims 983 23 8 Present value of unpaid amounts on ma tured installment policies face 66 52419 57251 90 Total policy claims 125562 32 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 3440 85 12 Amount of national State or other taxes due 13 Amount due and accrued on account of salaries rents 85353 78 and office expenses 16 Amount of any other liability of the company viz Pre miums paid in advance 1143661 surrender values unpaid on policies cancelled 1334976 extra liferate endowment reserve 32624054 339590 30 17 Liabilities on policyholders account 20154051 00 18 Gross surplus on policyholders account 2230212 37 19 Total liabilities 223S4263 37 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 1282737 54 21 Estimated surplus accrued on all other policies 947474 83 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 685345 74 2 Premium notes loans or liens received dur ing the year on old policies 276418 16 Total 961763 90 Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 17502 94 Amount of notes loans or liens used in pur chase of surrendered policies 49025 58 Amount of notes loans or liens used in pay ment of dividends to policyholders 8 80 Amount of notes loans or liens redeemed by maker in cash 108350 16 Total reduction of premium note account 174887 48 Balance note assets at end of the year 786876 42 Business in Georgia During 1901 No Amount Number and amount of policies on the lives of citizens of Georgia issued during the year 149 327000 00 Total 149 327000 00 Deduct number and amount which have ceased to be in force during the year 21 30000 00 Total number and amount of policies in force in Geor gia December 31 1901 12S 297000 00COMPTROLLERGENERALS REPORT 271 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 AnswerCash 798376 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 412000 00 Premiums 1033 8 Tax 103 3 NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY BOSTON MASS Benjamin F Stevens President 8 F Trull Secretary Principal office 87 Milk Street Boston Mass W E Grady Atlanta Attorney for Service in Georgia Icapital stock Amount of net or ledger assets December 31 of previous year 28528424 47 Extended at 28528424 47 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 499927 16 LI Cash received for renewal premiums without deduc tions for commissions or other expenses 3259034 20 1 Premium notes loans or liens taken in part payment for renewal premiums 23794 76 3 From distributions applied to pay running premiums 404096 77 Z From distributions applied to purchase paidup additions 27638 85 4J From surrender values ap plied to purchase paidup insurance 17193 34 Total 4231685 08 7 Total premium income 4231685 08 8 Cash received for interest on mortgage loans 357597 67 9 Cash received for interest on bonds owned and dividends on stock 626709 51 10 Cash received for interest on premium notes loans or liens and policy loans 112436 36 11 Cash received for interest on other debts due the company collateral loans 77041 20272 COMPTROLLERGENERALS REPORT 12 13 17 18 19 Cash received as discount on claims paid in advance and interest on bank balances Cash received for rents for use of companys property including 2800000 for compa nys own occupancy Premium notes loans or liens restored by revival of policies Suspense account From all other sources viz Profit and loss 13015 27 175902 47 1244 05 10000 00 24080 27 Total income 5629741 88 Total 34158166 85 IIIDISBURSEMENTS DURING YEAR 1901 Cash paid for death claims in cluding revisionary addi tions 1779838 01 Premium notes loans or liens used inpayment of the same 14411 22 Cash paid for matured and discounted endowments and additions thereto 321374 62 Premium notes loans or liens used in the payment of same 140 3S 6 9 9J 10 11 12 13 15 Hi 17 18 19 Total 2115814 23 Total net amount actually paid for losses ami matured and discounted endowments S Premium notes loans or liens used in pur chase of surrendered policies 271144 voided by lapse 816636 policy loans SI50300 Premium notes loans or liens used in pay ment of dividends to policyholders Cash distributions paid policyholders Cash distributions applied to pay running premiums Cash distributions applied to purchase paid up additions Surrender values paid in cash 4090i0 9 1 Surrender values applied to purchase paid up insurance I S Internal Revenue Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 25089989 renewals 186 99725 Cash paid for salaries and allowances to man agers and agents Cash paid for medical examiners fees 29 15S50 inspection of risks 8166 29240 16 115814 23 12380 80 150 50 52655 10 404091 77 2763S 85 17193 34 5830 28 487897 II 12COMPTROLLERGENERALS REPORT 273 20 Cash paid for salaries and all other compen sation of officers and other home office em ployees 152702 44 21 Cash paid for taxes on premiums 36462 08 22 Cash paid for taxes on reserves 30074 38 23 Cash paid for insurance department fees and agents licenses 1162043 municipal li censes l79y08 13419 51 24 Cash paid for rent including 2800000 com panys occupancy 55953 12 25 Cash paid for commuting commissions 2 99520 taxes on real estate 3369727 36692 47 26 Cash paid for furniture fixtures and safes for home and agency offices 6319 95 27 Cash paid for advertising 3067619 print ing and stationery 3149975 postage 389392 66069 86 28 Cash paid for real estate expenses other than taxes 6813727 for legal expenses 3 32914 71466 41 29 Cash paid for the following items viz Travel telegraph and telephone service light express exchange and all other gen eral items and incidentals at home office and agencies 22685 58 Total miscellaneous expenses 100254050 30 Total disbursements 4042886 03 31 Balance 30115280 32 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all en cumbrances 2374894 70 2 Loans on mortgage first liens on real estate 8645600 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 2571840 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1455692 60 5 Premium notes loans or liens on policies in force 240977 84 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 14203147 24 8 Cash deposited in banks 623127 94 11 Total net or ledger assets as per balance above 30115280 32 13 Total net or ledger assets less depreciation 30115280 32 38 in274 COMPTROLLERGENERALS REPORT OTHER ASSETS 14 Interest due 897312 and accrued 76 17940 on mortgages5 15 Interest due and accrued 4380946 on bonds and stocks 16 Interest due and accrued 2621890 on collateral loans 17 Interest due 110726 and accrued 26 81180 on premium notes loans or liens 18 Interest due and accrued 30787 on other assets 19 Rents due 403750 and accrued 1142791 on companys property or lease Total carried out 198873 22 21 Market value of bonds and stocks over cost 1862059 76 8515252 43809 46 26218 90 27919 06 307 87 15465 41 New Business Renewals 23 Gross premiums due and unre ported on policies in force De cember 31 1901 36126 90 142586 45 24 Gross deferred premiums on pol icies in force December 31 1901 70793 70 432267 89 Totals 106920 60 574854 34 25 Deducting loading 20 per cent on new and 20 per cent on renewals 21384 12 114970 87 26 Net amount of uncollected and deferred prt miums 85536 48 459883 47 Extended 545419 95 28 Total assets as per the books of the company 32721633 25 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1901 computed according to the Actuaries and American Experience Table of Mor tality with 4 and Bi per cent interest 28911883 60 Net reinsurance reserve 28911883 60 3 Claims for death losses due and unpaid 79908 86 4 Claims for matured endowments due and unpaid 1718100 5 Claims for death losss and matured en dowments in process of adjustment 48749 00 6 Claims for death losses and other policy claims resisted by the company 13500 00 Total policy claims 159338 86COMPTROLLERGENERALS REPORT 275 10 Amount of all unpaid distributions of surplus or other de scription of profits due policyholders 169919 58 13 SuspeDse account 10000 00 17 Liabilities on policyholders account 29251142 04 18 Gross surplus on policyholders account 3470491 21 19 Total liabilities 32721633 25 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 256377 81 2 Premium notes loans or liens received dur ing the year on policies 2379476 re vived 124405 25038 81 Total 281416 62 Amount of notes loans or liens used in pay ment of losses and claims 14551 60 Amount of notes loans or liens used in pur chase of surrendered policies 2711 44 Amount of notes loans or liens voided by lapse 8166 36 Amount of notes loans or liens used in pay ment of dividends to policyholders 1505 50 Amount of notes loans or liens redeemed by maker in cash 13503 88 40438 78 Balance note assets at end of the year 240977 84 Business in Georgia during 1901 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 123 324027 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 77 133 268 00 Total 200 457295 00 Deduct number and amount which have ceased to be in force during the year 19 49092 00 Total number and amount of policies in force in Georgia December 31 1901 181 408203 00 Amount of losses and claims on policies in Georgia incurred during the year 2 3296 00 Total 2 3296 00 Amount of losses and claims on policies in Georgia paid during the year 1 3000 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 1292480276 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in forceS 510993 00 Premiums 14178 63 Tax 141 78 NEW YORK LIFE INSURANCE COMPANY OF NEW YORK N Y John A McCall President Charles C Whitney Secretary Principal Office 346 Broadway New York City Livingston Mims Attorney for Service in Georgia i Amount of invested assets December 31 1900246910099 37 IIINCOME 1901 1 Cash received for premiums on new policies except an nuities without deduction for commissions or other expenses11453967 10 2 Cash received for annuities granted in 1901 1976805 39 3 Cash dividends of 1901 applied by policyholders to pur chase paidup insurance 428485 05 4 Total new premiums 13859257 54 5 Received for renewal premi ums without deduction for commissions or other ex penses 42251025 63 6 Cash dividends of 1901 applied by policyholders to pay running premiums 449114 20 7 Surrender values applied by policyholders to pay run ning premiums 10152 69 8 Total renewal premiums 42710292 52 9 Total gross premiumsf 56569550 06 10 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new7 busi ness 3289217 renewals 12403858 156930 75 11 Total premium income less reinsurances 56412619 31 12 Interest and dividends on bonds etc owned 7546098 52COMPTROLLERGENERALS REPORT 277 13 Interest on mortgage loans 1409316 47 14 Rents from companys prop erties valued at 15978 20000 are in gross 1000 60770 the taxes thereon S21557308 repairs and all other charges 25602636 leaving net receipts 529008 26 15 Interest on loans to policy holders 87008385 on pre mium notes and other premium obligations 140 59349 1010677 34 16 Interest on bank aud trust company deposits etc 511252 01 17 Interest on collateral loans 114746 07 18 Profit and loss account Net profit received from securi ties sold during the year 3075371 99 19 Total interest rents etc 14196470 66 20 Deposits on account trust and registered bond policies 193460 90 Total income 70802550 87 Total IIIDISBURSEMENTS 1901 1 Death claims and dividend additions thereto 14864367 50 2 Matured endowments and ad ditions thereto 3963446 73 317712650 24 Total 18827814 23 Denuct amount received from other companies for claims on policies of this company re insured 47080 86 4 Net amount paid for death claims and endowments 18780733 37 5 Cash paid annuitants 1562920 64 6 Dividends paid policyholders used to buy new insurance 42848505 to pay run ning premiums 44911420 3442921 18 7 Surrender values Cash 140713816 ap plied to pay running premiums 1015269 applied to purchase paidup insurance none 1417290 85 8 Reserve values paid on matured defferred dividend policies only the profits on such are included in dividends item 6 2382146 70278 COMPTROLLERGENERALS REPORT 9 Installments paid on trust policies and on registered bond policies 23376 53 Total paid policyholders 2760938927 10 Payments to agents First years commis sions 596545327 renewal commissions 1378718271 total 7344171 54 11 Salaries and allowances for foreign and domestic agencies including those to managers agents and clerks 1995302 69 12 Home office salary account officers and clerks 787060 47 13 Medical examiners fees and salaries 627 84021 inspection of risks 11913697 746977 18 14 Taxes licenses and insurance department fees 522857 88 15 Rent of home office and of branch offices throughout the world 479455 99 16 Advertising account 10701750 printing stationery and bookbinding 30809924 postage cablegrams telegrams tele phone express cartage freight etc 21226154 627378 28 17 All other items Legal notarial and con sular fees traveling expenses of agents inspectors and all other officials and all other miscellaneous expenses 870290 18 Total miscellaneous expenses 1337349421 Total disbursements 40982883 48 Balance invested as stated276729766 76 ivASSETS 1 Book value of bonds owned market value 18749703774 December311901 Com pany does not invest in stocks180051906 52 2 Loans secured by first mortgage number 571 on real estate 29694476 77 3 Real estate 57 pieces unincumbered in cluding twelve office buildings 15978200 00 4 Cash account Banks and trust companies deposits 20382479 17 5 Loans on companys policies assigned as collateral Legal reserve to secure same 2700000000 17771835 89 6 Loans secured by pledge of bonds market value 1405435000 10486000 00 7 Premium notes on policies in force Legal reserve to secure same 410000000 2364868 41 Total invested assets276729766 76COMPTROLLERGENERALS REPORT 279 8 Market value of bonds owned over book value as stated in schedule 744513122 9 Interest due and accrued on bonds owned 1262504 64 10 Interest due and accrued on bonds and mortgage loans 396485 20 11 Rents due and accrued on companys property 28334 44 12 Interest accrued on collateral loans and bank deposits 45179 60 Total 1732503 88 Deduct interest paid in ad vance on policy loans 67065 00 Net accrued interest and rents 1665438 88 Total miscellaneous items 9110570 10 New Business Renewals 2565143 00 13 Gross premiums uncollected Dec 31 1901 14 Gross deferred premiums Dec 31 1901 612069 00 2951600 00 Total 612069 00 5516743 00 15 Deduct loading 122413 80 1103348 60 16 Net amount of uncollected and deferred premiums 489655 20 4413394 40 Total unpaid and deferred premiums net 4903049 60 Total admitted assets per certificate of insurance de partment290743386 46 VLIABILITIES 1 Net present value of all the outstanding policies and additions thereto in force December 31 1901 determined by the New York State Insurance Department as follows Policies known as the com panys 3 per cent policies and all policies issued since December 31 1900 being valued as per the American Experience Table of Mortality with 3 per cent inter est and all other policies being valued as per the Combined Experience Table of Mortality with 4 per cent interest237951778 00 2 Deduct net value of risks reinsured 237874 00 Total net reserve per certificate of insurance department 237713904 00 3 Claims for death losses reportedfull proofs not received 1495570 91280 COMPTROLLERGENERALS REPORT 4 Claims for death losses in process of pay ment proofs completed 456080 38 5 Claims for matured endowments papers not completed 139937 26 6 Claims for death losses resisted by the company 114422 00 7 Amount due for annuities claims not pre sented 123014 07 Total policy claims 2329024 62 8 dividends due policyholders payable on anniversaries of policies 165395 92 9 Premiums paid in advance 554462 44 10 Amount of policy trust funds held by the company 718481 32 Total miscellaneous items 1438339 68 Additional reserve on policies which the company values on a higher basis than that used by the New York State Insurance Department as above stated 5153396 00 Reserve to provide dividends payable to policyholders during 1902 and in subse quent years per policy contracts payable to policyholders in 1902 4350704 29 Payable to policyholders subsequent to 1902 as the periods mature To holders of 20year period policies and longer 21444120 00 To holders of 15year period policies 7228027 00 To holders of 10year period policies 412399 00 To holders of 5year dividend policies 192818 00 11 12 Aggregate 33628668 29 13 Reserves to provide for all other contingencies 10480053 87 Total liabilities290743386 46 Business in Georgia During 1901 No Amount Number and amount of paidfor insurances and ad ditions on lives of citizens of said State in force December 31st of previous year 8534 18614071 00 Number and amount of new paidfor insurances on lives ef citizens of said State paid for during the year 1692 2708100 00 Total10226 8 21322171 00 Deduct number and amount which have ceased to be in force during the year 935 1696060 00 Total number and amount of paidfor insurances in force in said State December 31st 1901 9291 19626111 00COMPTROLLERGENERALS REPORT 281 Amount of losses and claims on polices in said State unpaid December 31st of previous year 7 28140 05 Amount of losses and claims on policies in said State incurred during the year 136 341749 59 Total 143 369889 64 Amount of losses and claims on policies in said State paid during the year 128 315257 60 What amount of premiums was collected or secured in said State with out any deduction for losses dividends commissions or other ex penses Answer68200168 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Insurance in force 19855020 00 Premiums 699419 42 Losses 275081 86 Tax 6994 19 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY MILWAUKEE WIS H L Palmer President J W Skinner Secretary C A Love land Actuary Home Office Corner Broad and Michigan Streets Milwaukee Wis W Woods White Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stockPurely Mutual Amount of net ledger assets December 31 of previous year134102380 43 Extended at134102380 43 IIINCOME DURING YEAR As shown by the books at home office at close of business Decemher 31 1 First years premiums except items 4 and 6 less interest included in deferred pre miums 22537 and nil for the first years reinsurance 2814061 10 2 Renewal premiums except items 4 and 6 less interest included in deferred pre miums 126221 and nil for renewal reinsurance 17358043 57 3 Single premiums except items 4 5 6 and 7 without de ductions for commissions or other expenses 40276 35 4 Dividends applied by policy holders to pay running pre282 COMPTROLLERGENERALS REPORT miums first year premium nil renewals 1667162 16 5 Dividends applied by policy holders to purchase paidup additions and annuities 580134 10 6 Surrender values applied to pay running premiums first year premiums 98549 re newals 12332 1108 81 8 Consideration for annuities otherthanmatured install ment policies 158281 99 9 Total premium income 2261906808 10 Rents from companys proper ty including 35800 for companys use of own build ings 434296 92 11 Interest on loans on mortgages of real estate 3370658 18 11JInterest on loans made to pol icyholders on this compa nys policies assigned as col lateral 495432 54 12 Interest on premium notes loans or liens 31030 80 13 Interest on bonds no stocks owned 2252223 77 14 Interest on other debts due the company and on deposits in banks 70549 56 15 Discount on claims paid in ad vance no claims discounted but maturing endowments 1170871 interest on de ferred premiums 148758 160466 71 Total rents and interest 6814658 48 16 Profit on sales of real estate 38057 46 Total income during the year 29471784 02 Sum of both amounts 163574164 45 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business December 31 1 Fordeath claims 514611426 additions 1659524S 5312066 74 2 Matured and discounted en dowments 156724571 ad ditions 59477 1626722 71COMPTROLLERGENERALS REPORT 283 3 Installment death claims 40 48572 additions 37680 5 40862 52 6 10 11 12 15 IS 19 20 21 22 23 24 25 26 28 Total net amount actually paid for losses and matured endowments Paid to annuitants Premium notes voided by lapse 345652 less 318369 restored by revival Dividends paid policyholders 1330207 10 Dividends applied by policy holders to pay running pre miums 1667162 16 Dividends applied by policy holders to purchase paidup additions and annuities 580134 10 6979651 97 18768 98 272 83 Surrender values paid 1767171 00 Surrender values applied to pay running premiums 1108 81 Total paid policyholders 1234447695 Commissions to agentsnew policies 1218 44576 renewal policies 146592417 single premium policies 225333 on an nuities 207065 Salaries and all other compensation officers 140000 home office employees 305 35610 Medical examiners fees 13598615 inspec tion of risks 2226481 Taxes on new premiums and renewal pre miums 20046295 on reserves 14 77589 municipal and State licenses 11 99749 tax on income paid to State of Wis consin 24318527 Taxes on real estate 94932 internal reve nue taxes 2445107 Insurance departmt fees and agents licenses Repairs and expenses other than taxes on real estate Rent including 35800 for companys use of own buildings Advertising 484634 printing and station ery 4019428 postage 7025589 Legal expenses 1939918 for furnitureetc 458102 All other items viz Loan expenses 112 78628 exchange 790840 freight and express 788724 expenses of trustees and executive committee 2987690 loss expenses 19280 traveling expenses 852905 adjustment of real estate values 3577503 36 1768279 81 2688693 91 445356 10 158250 96 47042160 119383 07 15944 91 207780 61 35800 00 115296 51 23980 20284 COMPTROLLERGENERALS REPORT 217547 81 3297324 taxation expenses 1574390 compromised policy loan 150 damages for personal injury 1500 Total miscellaneous expenses 44984556 Total disbursements 16842932 63 Balance146731231 82 Invested in the following IVLEDGER ASSETS As per ledger accounts shown by the nooks at home office at close of business December 31 1 Book value real estate unincumbered 4582855 12 2 Mortgage loans on real estate first liens 72608412 80 4 Loans made to policyholders on this compa nys policies assigned as collateral 8611112 00 5 Premium notes on policies in force 298439 87 6 Book value bonds excluding interest 57075554 95 7 Cash in companys office 145517 87 Deposited in bank National Exchange Milwaukee Wis 526174 85 First Nat 1965787 24 Wisconsin Nat 692493 31 Marine Nat 300000 00 8 AgeDts debit balances 3629973 27 2511 00 Total146807859 01 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 6338282 all other 1324437 76627 19 Total net ledger assets as per balance above146731231 82 NONLEDGER ASSETS 10 Interest due 5516708 and accrued 947 56606 on mortgages 1002733 14 11 Interestdue 23475 and accrued92167885 on bonds 13 Interest due 659 and accrued 862320 on premium notes loans or liens 14 Interest due 5973387 and accrued 135 19327 on other assets policy loans 15 Rents due 108869 and accrued 3394693 on companys property or lease 17 Market value not including interest in item 11 of bonds over book value 1127223 66 New Business Kenewals 18 Gross premiums not more than three months due after period of 945153 85 9282 20 194927 14 35035 62 2187131 95COMPTROLLERGENERALS REPORT 285 625076 00 164962 00 1331079 00 grace unreported on policies out standing December 31 19 Gross deferred premiums on poli cies outstanding December 31 20 Totals 164962 00 1956155 00 21 Deduct cost of collection 429 per cent on new 76 per cent on renewals 70768 69 148667 78 22 Net amount of uncollected and deferred premiums 94193 31 1807487 22 Gross assets151947267 96 1901680 53 DEDUCT ASSBTS NOT ADMITTED 2 Supplies printed matter stationery furni ture fixtures safes etc Not valued 3 Agents debit balances not secured by bonds 2511 00 Total 2511 00 Total admitted assets151944756 96 VNONLEDGER 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 cash paid for basis on the 31st day of December 1901 as com puted by the company according to the Actuaries Table of Mortality with four cent interest119060080 00 Same for annuities including those in re duction of premiums 380127 00 Net reserve119440207 00 2 Present value of amounts not yet due on matured install ment policies face 54420804 422015 00 3 Matured endowments due and unpaid 4 Death losses due and unpaid 5 Death losses in process of adjustment or ad justed and not due 6 Death losses which have been reported and no proofs received 7 Death losses and other policy claims resisted by the company not yet outlawed 8 Due and unpaid on annuity claims 71861 on installment policies 300 Gross policy claims Net policy claims 110070 00 53548 12 214341 23 146970 00 41009 83 1018 61 566957 79 566957 79 This report is made on the cash paid for basis therefore no credit taken for uncollected first premiums on new policies286 COMPTROLLERGENERALS REPORT 247765 18 75300 69 20183 45 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 11 Bills accounts commissions medical and legal fees etc due or accrued 12 Premiums paid in advance 14 Any other liability viz Surplus held to meet tontine and semitontine policy contracts 24927315 00 Excess of 3 per cent over 4 per cent reserve on policies issued since January 31 1899 825224 00 Special reserve for paidup insurance claimable etc 137558 00 Liabilities on policyholders account3146662526 11 Gross divisible surplus 5282230 85 Total151944756 96 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 285648 93 2 Premium notes loans or liens received dur ing the year on policies 107188 6S Total Deductions during the year as follows Amountof notes loans or liens used in pay ment of losses and claims 20726 66 Amount of notes loans or liens used in pur chase of surrendered policies 3141 14 Amount of notes loans or liens voided by lapse net 272 83 Amountof notes loans or liens used in pay ment of dividends to policyholders net 33791 52 Amount of notes loans or liens redeemed by maker in cash 37465 59 392837 61 Total reduction of premium note account Balance note assets at end of the year Business in Georgia During the said Year No Number and amount of policies on the lives of citizens of said State in force December 31 of previous year 4975 Number and amount of new policies on the lives of cit izens of said State reported during the year S85 Total Deduct number and amount which have ceased to be in force during the year including removals from the State Total number and amount of policies in force in said State December 31 last 54S Amountof jlosses and claims on policies in said State unpaid December 31 of previous year 3 95397 74 297439 87 Amount 10596833 00 1766250 00 5860 12363083 00 375 680859 00 11682224 00 8400 00COMPTROLLERGENERALS REPORT 287 Amount of losses and claims on policies in said State incurred during the year increased in adjustment 49 111836 00 Total 52 120236 00 Amount of losses and claims on policies in said State settled during the year 47 110983 00 What amount of premiums was collected or secured in said State during the year in cash and notes or credits not including premiums paid by non residents without any deductions for losses dividends commissions or other expenses Answer Cash 38716431 notes or credits 204615 total 138921046 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 11682224 00 Premiums 359482 72 Losses 135532 00 Tax 3594 82 PACIFIC MUTUAL LIFE INSURANCE COMPANY SAN FRANCISCO CALIFORNIA Geo A Moore President Wm O Gould Actuary Gko W Scott First VicePresident S M Marks Secretary Principal office 50S Montgomery Street San Francteco A 0 Harmon Savannah Ga Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paidup in cash 500030 00 Amount of net or ledger assets Decem ber 31 of previous year 3648284 20 Increase of capital during 1901 300000 00 Extended at 3948284 20 IIINCOME DURING YEAK 1901 1 Cash received for premiums on new polices without de ductions for commissions or other expenses 355724 55 l Cash received for renewal premiums without deduc tions for commissions or other expenses 645077 78 2 Premium notes loans or liens taken in part payment for renewal premiums 48656 37 3 From dividends applied to pay running premiums 44604 35288 COMPTROLLERGENERALS REPORT 3J From dividends applied to purchase paidup additions and annuities 62162 58 4 From surrender values ap plied to pay running pre miums 6105 63 4 From surrender values ap plied to purchase paidup insurance and annuities 43314 39 5 Consideration for annuities other than matured install ment policies 21698 60 Total 1681014 33 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 104328 renewals 1423641 19279 69 7 Total premium income 1661734 64 8 Cash received for interest on mortgage loans 42698 21 9 Cash received for interest on bends owned and dividends on stock 79576 32 10 Cash received for interest on premium notes loans or liens 2274 94 11 Cash received for interest on other debts due the company 14638 94 12 Cash received for interest due on deferred premiums 11152 54 13 Cash received for rents for use of companys property including 1380000 for com panys own occpancy 32030 95 14 Cash received for profits on sales of bonds orstocks 2994089 all other 31316414 343105 03 19 From all other sources viz Premium in come of accident department 523077 91 Total income 2710289 48 Total 6658573 68 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary addi tions 325403 12 2 Premium notes loans or liens used in payment of the same 162 68 3 Cash paid for matured en dowments and additions thereto 39790 25COMPTROLLERGENERALS REPORT 289 Cash paid for sums falling due during the year on in stallment policies 1600 00 Total 366959 05 7 Total net amount actually paid for losses and matured endowments 451272 25 8 Cash paid to annuitants 4036 27 9 Premium notes loans or liens used in pur chase of surrendered policies 1901 23 10 Cash dividends paid policyholders 2582 05 11 Cash dividends applied to pay running premiums 44604 35 12 Cash dividends applied to purchase paid up additions and annuities 62162 58 13 Surrender values paid in cash 35501 70 14 Surrender values applied to pay running premiums 6105 63 15 Surrender values applied to purchase paid up insurance and annuities 43314 39 Total paid policyholders 56716725 16 Cash paid stockholders for interest or dividends 14000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 24070946 renewals 54 97842 295687 88 18 Cash paid for salaries and allowances to managers and agents 14669 71 19 Cash paid for medical examiners fees 32150 11 20 Cash paid for salaries and all other com pensation of officers and other home office employees 43609 90 21 Cash paid for taxes on new premiums 307130 on renewals 496089 fran chise 16834 revenue 193698 10137 51 22 Cash paid for taxes on real estate invest ments 9383 57 23 Cash paid for insurance department fees and agents licenses 342040 municipal licenses 29972 3720 12 24 Cash paid for rent including 8400 00 companys occupancy 11601 79 25 General expense 19693 00 27 Cash paid for advertising i61109 print ing S97425 postage 436816 18983 50 28 Cash paid for real estate expenses other than taxes 1010512 for legal ex penses 599780 16102 92 19 in290 29 COMPTROLLERGENERALS REPORT Cash paid for the following items viz Losses sales real estate 20603681 sale or maturity of securities 631048 212347 32 Total disbursements of accident depart ment 505248 68 Total miscellaneous expenses 131575891 30 Total disbursements 2198862 83 31 Balance 4459710 85 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 498308 83 2 Loans on mortgage first liens on real estate 1001361 53 3 Loans secured by pledge of bonds stocks or other marketable collaterals 489900 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 187523 53 5 Premium notes loans or liens on policies in force 36394 02 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 2108409 99 7 Cash in companys office 1296 5S 8 Cash deposited in banks 107073 31 10 Agents ledger balances 3979 96 Furniture and fixtures 25463 10 Total net or ledger assets as per balance 11 13 above 4459710 85 Total net or ledger assets less depreciation 4459710 85 OTHER ASSETS 14 Interest due 504243 and accrued 7 71270 on mortgages 12755 13 15 Interest due and accrued on bonds and stocks 25525 00 16 Interest due and accrued on collateral loans 857 90 17 Interest due 69245 and accrued 237970 on premium notes loans or liens 3072 15 18 Interest due 396601 and accrued 5 12662 on other assets 9092 63 19 Rents due 90945 and accrued 117500 on companys property or lease 2084 45 Total carried out New Business Renewals 23 Gross premiums due and un reported on policies in force December 31 1901 10481S 06 63307 84 53387 26COMPTROLLERGENERALS REPORT 291 24 25 26 28 2 5 17 18 19 Gross deferred premiums on policies in force December 31 1901 27885 59 63525 16 Totals 132703 65 126833 00 Deducting loading 20 per cent on new and 20 per cent on renewals 26540 73 25366 60 Net amount of uncollected and deferred premiums 106162 92 101466 40 Extended 207629 32 Printed supplies 600000 revenue stamps 19105 non ledger assets of accident department 13736328 143554 33 Total assets as per the books of the company 5004789 65 Judgments safes Agents balances Total ITEMS NOT ADMITTED furniture fixtures and 31463 10 14520 19 45983 29 Total assets less items not admitted 4958806 36 VLIABILITIES Net present value of all the outanding policies in force on the 31st day of De cember 1901 computed according to the actuaries table of mortality with four per cent interest 3932821 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 35627 00 Net reinsurance reserve 3893704 12 Claims for death losses which have been reported no proof received 29392 00 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 2650 00 Claims for death losses and other policy claims resisted by the company 9002 40 Total policy claims Total liabilities of accident department Liabilities on policyholders account Gross surplus on policyholders account Total liabilities 41044 40 208838 00 4143586 52 815219 84 4958806 36 PREMIUM NOTE ACCOUNT Premium notes loans or liens on hand December 31 of previous year 36616 47292 COMPTROLLERGENERALS REPORT 2 Premium notes loans or liens received during the year on new policies on old policies 48656 37 162 68 1901 23 46814 91 48878 82 36394 02 Total 8572 M 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 redeemed by maker in cash Balance note assets at end of the year Business in Georqia During 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 69 141000 Number and amount of policies on the lives of citizens of Georgia issued during the year 89 199000 Total 15S 340000 Deduct number and amount which have ceased to be in force during the year 20 40500 Total number and amount of policies in force in Georgia December 81 1901 138 299500 What amount of premiums was collected or secured in Georgia dur ing the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 879074 total 879074 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 398750 00 Premiums 12435 89 Tax 12435 PENN MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PA Harry F West President Henry C Brown Sec and Treasurer Home Office Nos 921 923 and 925 Chestnut Street Philadelphia Pa H C Baolby Attorney for Service in Georgia ICAPITAL STOCK Amount of net ledger assets December 31 of previous year 41924598 08 Decrease of capital during 1901 being de duction to bring assets to market value 138446 29 Extended at 41786151 79COMPTROLLERGENERALS REPORT 293 IIINCOME DURING YEAR As Shown by the Books at Home Office at Close of Business December 31 1 First years premiums ex cept items 3 and 5 less interest included in de ferred premiums and for first years reinsur ance 1616173 65 2 Renewal premiums except items 3 and 5 less interest included in deferred pre miums and 522822 for renewal reinsurance 6501174 63 3 Single premiums except items 4 5 6 and 7 with out deductions for commis sions or other expenses 41777 47 4 Dividends applied by policy holders to pay running pre miums 1st year premiums renewals 544314 54 5 Dividends applied by policy holders to purchase paid up additions and annuities 80909 00 6 Surrender values applied to pay running premiums 1st year premiums 109794 renewals 4459314 45691 08 7 Surrender values applied to purchase paidup insur ance and annuities 142701 00 8 Consideration for annuities other than matured in stallment policies 710160 96 9 Total premium income 9682902 83 10 Rents from companys prop erty including for companys use of own buildings 205524 18 11 Interest on loans on mort gages of real estate 874595 66 12 Interest on collateral loans including premium notes loans or liens 452689 40 13 Interest on bonds and divi dends on stocks 660417 14 Interest on other debts due the company and on de posits in bauks 18558 24 Total rents and interest 2211784 80294 COMPTROLLERGENERALS REPORT 1G 18 As 1 7 9 10 11 12 13 15 17 18 Profit on sales of real estate 1639656 on sale or maturity of securities 11846208 134858 64 From other sources viz Suspended bank dividends 5467 bonuses on mortgages 311275 refund account Philadelphia Exposition Association etc 42023 3587 65 Total income during the year 12033133 42 Sum of both amounts 53819285 21 IIIDISBURSEMENTS DURING YEAR Hhown by the Books at Home Office at Close of Business December 31 For death claims 2478 40625 additions 2382124 2502227 49 Matured endowments 726 05000 additions 3063500 756685 00 Installment death claims 25926000 additions Ul 45376 259713 76 Total 3518626 25 Deduct amount received from other companies for claims on policies of this company reinsured 5 660 00 Total net amount actually paid for losses and matured endowments 3512966 25 Paid to annuitants 154393 75 Premium notes voided by lapse less 3 08574 restored by revival 30651 31 Dividends applied by policyholders to pay running premiums 544314 54 Dividends applied by policyholders to pur chase paidup additions and annuities 80909 00 Surrender values paid less received on surrendered reiusurauces 576557 78 Surrender values applied to pay running premiums 45691 08 Surrender values applied to purchase paid up insurance and annuities 142701 00 Total paid policyholders 508818471 Commissions and bonuses to agents less commissions received on reinsurances new policies 867826 79 renewal policies 42111446 single premium policies 2 19902 on annuities 2194584 13130S6 11 Salaries and allowances for agencies in cluding managers agents and clerks 90442 22 Salaries and all other compensation offi cers 5300000 home office employees 13884752 191847 52COMPTROLLERGENERALS REIORT 295 19 Medical examiners fees 9780228 inspec tion of risks 1073349 108535 77 20 Taxes on new premiums 2326165 re newal premiums 9132774 on fran chise 114589 39 On reserves 1113874 municipal li censes 794440 19083 14 21 Taxes on real estate 4211939 on other investments 10388509 146004 48 22 Insurance department fees and agents li censes 1288520 internal revenue tax 1776696 30652 16 23 Repairs and expenses other than taxes on real estate 114640 22 24 Bents including for companys use of own buildings less received un der sublease 43338 65 25 Advertising 3280165 printing and sta tionery 2594289 postage 2361317 82357 71 26 Legal expenses 791909 for furniture etc 1285577 20774 86 28 All other items viz Home office expenses 61404 08 Fire and other insurance 13483 45 Total miscellaneous expenses 235023976 Total disbursements 7438424 47 Balance 46380861 74 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 2482936 92 2 Mortgage loans on real estate first liens 18383151 24 3 Loans secured by pledge of bonds stocks or other collateral 4180340 12 4 Loans made to policyholders on this com panys policies assigned as collateral 3738327 00 5 Premium notes on policies in force of which 1275008 is for first years pre miums 1100842 57 6 Book value bonds excluding interest 15 49436416 stocks 30961900 15803983 16 7 Cash in companys office 525558 depos ited in banks 51275576 518011 34 Banks and amounts Fidelity 1000000 Real Estate 5875576 Western45010 Philadelphia 9000000 Penn 70000 City Trust 400000 Hanover 3500000296 COMPTROLLERGENERALS REPORT Title Guarantee 10000000 Drexel 10000000 Furniture 3178 78 8 Bills receivable 16301272 agentsdebit balances 442057 167433 29 Temporary obligations for premiums mainly secured by reserves on policies 105816 33 Total 46484020 75 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 103160 01 Total net ledger assets as per balance above 46380860 74 NONLEDGER ASSETS 10 Interest due 2225824 and accrued 283 98234 on mortgages 306240 58 11 Interest due and accrued 11100600 on bonds and stocks 111006 00 12 Interest due and accrued 1094302 on collateral loans 10913 02 14 Interest due and accrued 620066 on other assets 6200 66 15 Rents due 436923 and accrued 418801 on companys property or lease 8557 24 442947 50 591646 07 17 Market value of bonds and stocks over book value New Business Renewals 18 Gross premiums not more than three months due after period of grace un reported on outstanding policies in force Decem ber31 371466 93 486441 00 19 Gross deferred premiums on outstanding policies in force December 31 149520 77 20 Totals 21 Deduct cost of collection 52 410 per cent on new 5 87100 per cent on re newals 272997 55 63331 96 22 Net amount of uncollected and deferred premiums 247990 15 1015577 081263567 23 Gross assets 48679021 54 DEDUCT ASSETS NOT ADMITTED 2 Supplies printed matter stationery furni ture fixtures safes etc 3178 78 592468 04 520987 70 1078909 04COMPTROLLERGENERALS REPORT 297 3 Commuted commissions agents debit balances not secured by bonds 109425 1094 25 4 Loans on personal security endorsed or not S bills receivable unsecured 2645408 26454 08 6 Commissions payable to agents on premi um notes when paid 16319 26 Total 47046 37 Total admitted assets48631975 17 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 1901 as computed by the Penn sylvania Insurance Department accord ing to the Actuaries Table of Mortality with four per cent interest and the American Table of Mortality at 3 per cent39157598 00 Same for reversionary additions 696317 00 Same for annuities including those in re duction of premiums 1050369 00 Total 40904284 00 Deduct net value of risks of this company reinsured in other solvent companies 50133 00 Net reserve40854151 00 2 Present value of amounts not yet due on matured install ment policies face 73709500 570929 00 5 Death losses in process of adjustment or adjusted and not due 209080 54 Gross policy claims 209080 54 Net policy claims 209080 54 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 78965 02 12 Premiums paid in advance 29758 08 14 Any other liability viz Trust deposits 13289 00 15 Special 3l per cent reserve 746238 00 16 Surplus accumulated upon special forms of policies 2853653 75 Liabilities on policyholdersaccount45356064 39 Gross divisible surplus 3275910 78 Total48631975 1729S COMPTROLLERGENERALS REPORT Business in Georgia During the said Year No AmouDt Number and amount of policies on the lives of cit izens of said State in force December 31 of previous year 37S1 8503005 00 Number and amount of policies on the lives of cit izens of said State issued during the year 3343 601746S 00 Total 7124 14520473 00 Deduct number and amount which have ceased to be in force during the year 1101 2116661 00 Total number and amount of policies in force in said State December 31 1901 6023 12403812 00 Atnouut of losses and claims on policies in said State unpaid December 31 of previous year 5 22000 00 Amount of losses and claims on policies in said State incurred during the year 43 137974 00 Total 48 159974 00 Not due 9 41995 00 Amount of losses and claims on policies in said State settled during the year in cash by com promise 39 117979 00 What amount of premiums was collected or accrued in said State during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 33785816 notes or credits 1955255 total 35741071 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Insurance in force 14221709 00 Premiums 406049 74 Losses 127221 00 Tax 4060 49 PHOSNIX MUTUAL LIFE INSURANCE COMPANY HARTFORD CONN Jonathan B Bunce President Charles H Lawrence Secretary Principal office No 49 Pearl Street Hartford Conn Chas S Arnall Attorney for service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 12752819 56 Extended at 12752819 56 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 396705 62COMPTROLLERGENERALS REPORT 299 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 1900184 37 2 Premium notes loans or liens taken in part payment for premiums on new policies 2395 00 2 Premium notes loans or liens taken in part payment for renewal premiums 4576 00 3 From dividends applied to pay running premiums 181519 39 3 From dividends applied to purchase paidup additions and annuities 54529 76 4 From surrender values applied to pay running premiums 4012 06 A From surrender values ap plied to purchase paidup insurance and annuities 96838 00 5 Consideration for annuities other than matured install ment policies 27171 70 Total 2667931 90 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 684985 renewals 13 09366 19943 51 7 Total premium income 2647988 39 8 Cash received for interest on mortgage loans 395827 94 9 Cash received for interest on bonds owned and dividends on stock 179209 99 10 Cash received for interest on premium notes loans or liens 54813 68 11 Cash received for interest on other debts due the company 10015 00 12 Cash received as discount on claims paid in advance 618 12 13 Cash received for rents for use of companys property including 800000 for companys own occupancy 48911 92 14 Cash received for profits on sales of real estate 3160328 17 Premium notes loans or liens restored by revival of policies 12 00300 COMPTROLLERGENERALS REPORT 19 From all other sources viz Profit and loss account guarantee of mortgage loans 132874 old real estate account 200000 3328 74 Total income 3372329 06 Total 16125148 62 IIIDISBURSEMENTS DURING YEAR 1901 Cash paid for death claims in cluding revisionary addi tions Premium notes loans or liens used in payment of the same Cash paid for matured endow ments and additions thereto Premium notes loans or liens used in the payment of same Cash paid for sums falling due during the year on install ment policies 9i 10 11 12 13 14 15 17 889338 94 17439 01 127540 67 1371 33 5166 67 Total 1040856 62 Deduct amount received from other companies for losses or claims on policies of this company reinsured of which is for matured endowments 4633 00 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 227232 voided by lapse 595150 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 paidup insurance and annuities Total paid policyholders1563213 49 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 17603487 renewals 132 69841 036223 62 1387 47 8223 82 374 3937 44 02 181144 95 54529 168542 76 35 4012 06 96838 00 308732 78COMPTROLLERGENERALS REPORT 301 18 Cash paid for salaries and allowances to man agers and agents 19 Cash paid for medical examiners fees 2984500 inspection of risks 368292 20 Cash paid for salaries and all other compen sation of officers and other home office em ployees 21 Cash paid for taxes on new premiums I 508815 on renewals 1952406 22 Cash paid for taxes on reserves 125220 on franchise 3076550 revenue 2 71314J Cash paid for taxes on real estate 23 Cash paid for insurance department fees and agents licenses 432089 municipal li censes 335130 24 Cash paid for rent including 800000 com panys occupancy 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 1364683 print ing 2355550 postage 1011946 28 Cash paid fpr real estate expenses other than taxes 1561716 for legal expenses 263216 29 Cash paid for the following items viz Loss of sale of securities 1591914 exchange 25457 sundry expenses 1436611 Profit and loss account real estate charged off 3000000 agents ledger balances 1596339 foreclosure expenses 44003 52715 34 33527 92 81558 81 59343 05 13847 07 7672 19 28160 25 10025 00 973 63 47321 79 18249 32 30539 82 46403 42 30 Total disbursements 2302283 88 Balance13822864 74 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all en 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 polices in force 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 3875974 38 Cash in companys office 512 08 Cash deposited in banks 410755 03 912412 83 7722586 01 622622 00 278002 41 7 8 11 13 Total net or ledger assents as per bal ance above 13822864 74 Total net or ledger assets less depreciation 13822864 74302 COMPTROLLERGENERALS REPORT 14 17 21 23 24 OTHER ASSETS Interest due 1242919 and accrued 137975 on mortgages Interest due 374744 and accrued on premium notes loans or liens 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 31 1901 52035 35 Gross deferred premiums on policies in force Dec 31 1901 26852 89 150404 19 3747 44 Renewals 86666 23 146768 58 154151 63 190269 22 26 28 Totals 78888 24 233434 81 Deducting loading 20 per cent on new and 20 per cent on renewals 15777 65 46686 96 Net amount of uncollected and deferred premiums Extended 63110 59 186747 85 249858 44 16 17 18 19 Total assets as per the books of the company 14417144 03 VLIABILITIES Net present value of all the outstanding poli cies in force on the 31st day of Dec 1901 computed by the company the minimum being the Actuaries Table of Mortalty with four per cent interest 13598283 00 Deduct net value of risks of this company re insured in other solvent companies 51026 00 Net reinsurance reserve 13547257 00 Special policy reserve 154895 00 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 37760 00 Present value of unpaid amounts on matured installment policies 33882 00 Total policy claims 71642 00 Amount of any other liability of the company viz Premi ums paid in advance 10733 00 Liabilities on policyholders account Gross surplus on policyholders account Total liabilities 13784527 00 632617 03 14417144 03 VIPREMIUM NOTE ACCOUNT Premium notes loans or liens on hand Dec 31 of previous year 303416 57COMPTROLLERGENERALS REPORT 303 2 Premium notes loans or liens received dur ing the year on new policies 239500 on old policies 457600 6971 00 Restored by revival of policies 12 00 Total 310399 57 Amount of notes loans or liens used in pay ment of losses and claims 18810 34 Amount of notes loans or liens used in pur chase of surrendered policies 2272 32 Amount of notes loans or liens voided by lapse 5951 50 Amount of notes loans or liens used in pay ment of dividends to policyholders 374 44 Amount of notes loans or liens redeemed by makerin cash 498S 56 32397 16 Balance note assets at end of the year 278002 41 Business in Georgia During 1901 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 791 1674587 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 224 309409 00 Total HH5 1983990 00 Deduct number and amount which have ceased to be in force during the year 207 331768 00 Total number and amount of policies in force in Georgia Dec 31 1901808 1652228 00 Amount of losses and claims on policies in Georgia unpaid Dec 31 of previous year 1 5000 00 Amount of losses and claims on policies in Georgia incurred during the year 11 22677 00 Total 12 27677 00 Amount of losses and claims on policies in Geor gia paid during the year 11 25677 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 4996876 divi dends 481324 total 5478200 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 1547300 00 Premiums 55329 00 Losses 1628200 Tax 55329304 COMPTROLLERGENERALS REPORT PRUDENTIAL INSURANCE COMPANY OF AMERICA NEWARK N J John F Dbyden President Forrest F Drvden Secretary Homs Office 761 to 769 Broad Street Newark New Jersey Jas 0 Wynn Attorney for Service in Georgia ICAPITAL STOCK 1 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 31st of previous year 38596103 75 Extended at 38596103 75 IIINCOME DURING YEAR As shown by the books at home office at close of business December 31st 1 First years premiums except items 4 and 6 less interest included in deferred premi ums 7920626 and 17 35478 for first years rein surance 5948692 49 2 Renewal premiums except items 4 and 6 less interest included in deferred premi ums 12264951 and 45 94076 for renewal reinsur ance 20141724 22 3 Single premiums except items 45 6 7 without deductions for commissions or other expenses 55484 26 4 Dividends applied by policy holders to pay running pre miums renewals 13179 08 5 Dividends applied by policy holders to purchase paidup additions and annuities 14549 89 6 Surrender values applied to pay running premiums first year premiums 137058 re newals 148207 2802 65 7 Surrender values applied to purchase paidup insurance and annuities 456162 63COMPTROLLERGENERALS REPORT 305 8 Consideration for annuities other than matured install ment policies 49161 74 9 Total premium income j 10 Rents from companys prop erty including 14387431 for companys use of own buildings 414283 53 11 Interest on loans on mortgages of real estate 552286 10 12 Interest on collateral loans including premium notes loans or liens yo809 60 13 Interest on bonds and divi dends on stocks 772372 01 14 Interest on other debts due the company and on de posits in banks 24 2o2 97 15 Intereston deferred premiums 201855 77 26681756 91 16 Total rents and interest 2 044 859 9S 17 Profit on sales of real estate 229277 on sale or maturity of securities 10335190 19 From other sources viz Conscience fund 105644 67 140 20 Total income during the year 28 83 401 81 Sum of both amounts 67 49 0 W IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business December 31st 1 For death claims 733591472 additions 7221340 7408128 12 2 Matured endowments 15 62200 additions 44700 16069 00 3 Installment death claims 3300 00 Total 7427497 12 5 Total net amount actually paid for losses and matured endowments 7427497 2 6 Paid to annuitants 25 504 83 7 Premium notes voided by lapse less 989403 restored by revival 8 Dividends paid to policyholders 9 Dividends appliel by policyholders to pay running premiums 10 Dividends applied by policyholders to pur chase paidup additions and annuities 11 Surrender values paid less 80948 received on surrendered reinsurances 20 in 15323 29 507962 01 13179 08 14549 S9 79498 43306 COMPTROLLERGENERALS REPORT 12 Surrender values applied to pay running premiums 2802 65 13 Surrender values applied to purchase paidup insurance and annuities 456162 63 Total paid policyholders 854253993 14 Paid stockholders for interest or dividends amount declared during the year 200000 00 15 Commissions and honuses to agents less com misions received on reinsurances new policies 324755764 renewal policies 260409702 single premium policies 2760 61 on annuities 276812 5857183 39 16 Commuting renewal commissions 518 04 17 Salaiies and allowances tor agencies includ ing managers agents and clerks 2816837 69 18 Salaries and all other compensation includ ing fees to directors a d committees and expenses eighteen officers 30600000 home office employees 74269649 1048696 49 19 Mecical examiners fees 42593024 inspec tion of risks 1209004 438620 28 20 Taxes on premiums 27211079 on surplus 5914579 municipal licenses 3528327 internal revenue 6006120 426601 05 21 Taxes on real estate 99021 02 22 Insurance department fees and ngents licenses 17389 70 23 Repairs and expenses other than taxes on real estate 21384177 24 Rent including 14387431 for companys use of own buildings less 17300 received under sub lease 366413 46 25 Advertising 23622077 printing and sta tionery 21991970 postage and express 9148461 547625 08 26 Legal expenses 2930809 for furniture etc 9326064 122568 78 27 Losses on sales of real estate 392887 on sale or maturity of securities 132900 5257 87 28 All other items viz Law library 45315 appraising fees 11450 sundry general expenses 0695833 sundry district ex penses 2351347 possible depreciatian in value of real estate 83278171 923821 16 Total miscellaneous expenses1308439573 Total disbursements 21628935 66 Balance 45801569 90COMPTROLLERGENERALS REPORT 307 Invested in the following IVLEDGER ASSETS As per Ledger Accounts Shown by the Boohs at Home Office at Close of Business December 31 1901 1 Book value real estate unincumbered 9 59336044 incumbered 148232078 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other collateral 4 Loans made to policyholders on this com panys policies assigned as collateral 5 Premium notes on policies in force 6 Book value bonds excluding interest 18 00854961 stocks 5825000 00 18633549 61 7 Cash in companys office 22266048 de 10075681 22 11163737 93 915000 00 622648 81 105540 53 posited in banks 406275132 4285411 80 Total net ledger assets as per balance above 45 801 569 90 NOXLEDGER ASSETS 10 Interest due 12969429 and accrued 165 11 12 13 Interest accrued on bonds and stocks 130 593 46 Interest accrued on collateral loans 9 758 16 Interest accrued on premium notes loans or 15 R nts due 1360252 and accrued 1168609 on companys property or lease 25288 61 362020 30 17 Market value of bonds and stocks over book value 808 299 92 Industrial Dept Ordinary Dept New New Business Renewals Business Renewals 18 Gross premiums not more than 3 months due aft e r period of grace unreported on policies outstanding Dec 19 31st2599 04 80161 81 280760 98 318152 48 Gross deferred premiums on policies outstanding Dec 31st 491 sin 20 1 036 237 71 Totals 2599 04 80161 81 772080 18 1354390 19 308 COMPTROLLERGENERALS REPORT 21 Deduct cost of collecti on Ind Dept 100 on new 30 on re newals Ord Dept 60 on new 7i on renewals 2599 04 24018 54 403248 11 22 Net amount of un collected and deferred premiums 101579 27 56113 27 308832 07 1252810 92 1617756 26 23 Other itemsConsideration for annuities 580925 and single premiums 3726965 due and unreported less 5 for collection 2153 95 furniture fixtures and safes 7563375 stationery and printed matter 2218612 law library 641484 145159 66 Gross assets 48734806 04 DEDUCT ASSETS NOT ADMITTED 2 Supplies printed matter stationery furni ture fixtures safes law library 104234 71 Total 104234 71 Total admitted assets 48630571 33 VSOXLEDGER LIABILITIES As Shown by tlie Books at Home Office at Close of Business December 31 1901 1 Net present value of all the outstanding policies in force on the 31st day of Decem ber 1901 as computed by the company according to the Actuaries Table of Mor tality with four per cent interest on policies issued prior to January 1 1901 and the American Experience Table of Mortality with three per cent interest on policies issued subsequent to December 31 1900 37709419 00 Same for reversionary additions 46832 00 Same for annuities including those in reduc tion of premiums acccording to the Ac tuaries Table of Mortality with four per cent interest on annuities issued prior to January 1 1901 and the American Ex perience Table of Mortality with three andCOJIPTROLLERGEXERAES RErORT 309 onehalf per cent interest on annuities issued subsequent to December 31 1900 363492 00 Special reserve 3006819 00 Total 41126562 00 Deduet net value of risks of this company reinsured in other solvent companies 113796 00 Net reserve 41012766 00 2 Present value of amounts not yet due on matured install ment policies face 7198400 64332 19 5 Death losses in process of adjustment or ad justed and not due 6 Death losses which have been reported and no proof received 7 Death losses and other policy claims resisted by the company not yet outlawed 8 Due and unpaid on annuity claims 153721 76 78096 98 25360 44 596 88 Gross policy claims Net policy claims 257776 06 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or accrued 12 Premiums paid in advance 14 Any other liability viz Unearned interest on policy loans 257776 06 173331 30 121315 33 119406 79 17038 42 Liabilities on policyholders account 41765966 09 Gross divisible surplus 4864605 24 Capital stock paid up 2000000 00 6864605 24 Total 48630571 33 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or Hanson hand Decem 1 sr 31st of previous year 2 Premium notes loans or liens received dur ing the year on old policies 3 Restored by revival of policies 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 72436 61 58084 67 9894 03 1279 51 9420 45 12923 17 2121 37 140415 31310 COMPTROLLERGENERALS REPORT Amount of notes loans or liens redeemed by maker in cash 9130 28 Total reduction of premium note account 34874 78 Balance note assets at end of the year 105540 53 Business in the State of Georgia During said Year No Amount Number and amount of policies on the lives of citizens of said State in force December 31st of previous year 1429 2920634 00 Number and amount of policies on the lives of citizens of said State issued during the year 912 1818023 00 Total 2341 4738657 00 Deduct number and amount which have ceased to be in force during the year 351 690319 00 Total number and amount of policies in force in said State December 31st last 1990 4048338 00 Amount of losses and claims on policies in said State un paid December 31 of previous year 1 4000 00 Amount of losses and claims on policies in said State in curred during the year 14 18663 51 Total 15 22663 51 Amount of losses and claims on policies in said State set tled during the year in cash 13 14353 52 What amount of premiums was collected or secured in said State during the year in cash notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 12393804 notes or credits 196321 Total 12590125 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 4253844 00 Premiums 13217 99 Dosses 33134 99 Tax 1321 73 PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK Edward W Scott President William E Stevens Secretary Principal office 346 Broadway New York N Y J R Nutting Co Attorneys for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cashif 100000 00 Amount of net or ledger assets December 31 of previous year 3305078 64 Extended at 3305078 64COMPTROLLERGENERALS REPORT 311 IIINCOME DURING YKAR 1901 1 Gash received for premiums on new policies without de ductions for commissions or other expenses 549325 12 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 2606687 93 2 Premium notes loans or liens taken in part payment for premiums on new policies 4015 66 2A Premium notes loans or liens taken in part payment for renewal premiums 40792 40 3 From dividends applied to pay running premiums 123117 54 4 J From surrender values ap plied to purchase paidup insurance and annuities 24465 16 5 Consideration for annuities other than matured install ment policies 131500 00 Total 3479903 81 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 114215 renewals 796067 9102 82 7 Total premium income 3470800 99 8 Cash received for interest on mortgage loans 24420 44 9 Cash received for interest on bonds owned and dividends on stock 32826 57 10 Cash received for interest on premium notes loans or liens 59280 95 11 Cash received for interest on other debts due the company 20959 05 13 Cash received for rent3 for use of companys property including 122900 for com panys own occupancy 33952 20 14 Cash received for profits on sales of bonds or stocks real estate 145786 27 16 From dividends and surrender values on re insurances 55 17 17 Premium notes loans or liens restored by revival of policies 4694 85 Total income 3792776 i Total 7097855 13312 COJIPTROLLERGEXERALS REPORT IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary ad ditions 1157469 30 2 Premium notes loans or liens used in payment of the same 3 Cash paid for matured endow ments and additions there to 5 Cash paid for sums falling due during the year on install ment policies 7825 37 1942 00 1250 00 10 11 13 15 16 17 18 19 20 21 24 25 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 3978613 voided by lapse 2166646 Cash dividends paid policyholders Cash dividends applied to pay running pre miums Surrender values paid in cash Surrender values applied to purchase paid up insurance and annuities Total paid policyholders 150862510 Cash paid stockholders for interest or divi dends Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 27647661 renewals 13216616 annuities 400000 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 53 45165 inspection of risks 1918216 Cash paid for salaries and all other com pensation of officers and other home office employees Cash paid for taxes on new premiums 7 79177 on renewals 373570S Cash paid for taxes on reserves 76431 on investments 206997 Cash paid for insurance department fees and agentslicenses 1086147 munici pal licenses 84803 22 Cash paid for rent including 122900 com panys occupancy Cash paid for commuting commissions 11684S6 67 1707 04 61452 59 34583 37 123117 54 94812 73 24465 16 6977 60 412642 77 114717 23 72633 81 191109 22 45148 85 2834 28 15664 69 48279 11 72957 54COMPTROLLERGENERALS REPORT 313 20 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 2593859 print ing and stationery 1739608 postage and telegrams 1684229 28 Cash paid for real estate expenses other than taxes 1080251 for legal expenses 3656847 29 Cash paid for the following items viz Traveling expenses of all officers inspec tors auditors and agents internal rev enue stamps exchange and all other mis cellaneous expenses Total miscellaneous expenses 118310108 Total disbursements 4290 64 60176 96 47370 9S 88357 40 2091780 18 8 9 10 Balance 4406068 95 invested in the following IVASSETS AS PER LEDGER ACCOUNTS Book value of real estate exclusive of all incumbrances 22728 24 Loans on mortgage first liens on real es tate 536300 00 Loans secured by pledge of bonds stocks or other marketable collaterals 5000 00 Loans made in cash to policyholders on this companys policies assigned as collateral 1301015 83 Premium notes loans or liens on policies in force of which 4480806 was received during the year 169795 11 Book value of bonds and stocks owned ex cluding accrued interest at time of pur chase 800491 04 Cash in companys office 44034 44 Cash deposited in banks 367855 44 Hills receivable 1722 27 Agents ledger balances of which 7891170 was advanced during the year 211520 58 Loans at interest to agents within the value of their contracts and secured by surety bonds 45000 00 11 Total net or ledger assets as per balance above 4406068 95 13 Total net or ledger assets less depreciation 4406068 95 OTHER ASSETS 14 Interest due 31500 and accrued 605890 on mortgages 6373 90314 COMPTROLLERGENERALS REPORT 15 17 18 19 20 21 23 24 25 26 28 Interest due and accrued on bonds and stocks Interest due and accrued on collateral loans Interest due 4115 01 and accrued 31 96483 on premium notes loans or liens Interest due and accrued on other assets Rents due 54000 and accrued 380800 on companys property or lease Total carried out Market value of real estate over book Market value of bonds and stocks over book 11638 70 47 94 36079 84 5583 71 4348 00 Gross premiums due and un reported on policies in force December 31 1901 Gross deferred premiums on policies in force December 31 1901 Totals Deduct loading 50 per cent on new and 5 per cent on renewals New Business Benewals 64072 09 51471 71 72990 97 127960 00 230825 00 15465 00 238291 00 143425 00 469116 00 71713 00 23456 00 71712 00 445660 00 Net amount of uncollected and deferred premiums Extended Internal revenue stamps on hand and in course of re demption Total assets as per the books of the company 511087 84 517372 00 4898 07 ITEMS NOT ADMITTED Agents balances Bills receivable 211526 58 1722 27 Total 213248 85 9 Total assets less items not admitted 4903624 99 V LIABILITIES 1 Net present value of all outstanding poli cies in force on the 31st day of December 1901 computed according to the Actu aries Table of Mortality with four per cent interest 4165997 00 Deduct net value of risks of this company reinsured in other solvent companies 5684 00 Net reinsurance reserve 4160313 004160313 CO 5 Claims for death losses and matured endow ments in process of adjustment or ad justed and not due 112684 00COMPTROLLERGENERALS REPORT 315 6 Claims for death losses and other policy claims resisted by the company 52049 00 8 Present value of unpaid amounts on matured installment policies 8506 00 9 Amount of trust funds held by the company 1261 00 Total policy claims 16 Amount of any other liability of the company viz Pre miums paid in advance 372900 accrued interest Reserve on cancelled policies on which surrender value may be demanded 174500 00 14045 32 2929 25 17 18 19 Liabilities on policyholders acount 4351787 57 Gross surplus on policyholders account 551837 42 Total liabilities 4903624 99 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 213845 64 2 Premium notes loans or liens received dur ing the year on new policies 401566 on old policies 8477587 88791 53 Total Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 7825 37 Amount of notes loans or liens used in purchase of surrendered policies 39786 13 Amount of notes loans or liens voided by lapse 21666 46 Amount of notes loans or liens redeemed by maker in cash 63564 10 Total reducution of premium note account Balance note assets at end of the year 302637 17 132842 06 169795 11 Business in Georgia During 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1684 4339853 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 426 842352 00 Total 2110 5182205 00 Deduct number and amount which have ceased to be in force during the year 401 1206686 00 Total number and amount of policies in force in Georgia December 31 1901 1709 3975519 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 2 15000 00316 COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Georgia incurred during the year 17 48000 00 Total 19 63000 00 Amount of losses and claims on policies in Georgia paid during the year 17 49000 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 17875459 notes or credits 1261884 total 19137343 BUSINESS IN GEORGIA FOK YEAR ENDING APRIL 30 1902 Insurance in force 3864008 00 Premiums 149378 98 Losses 56036 45 Tax 1493 78 ROYAL UNION MUTUAL LIFE INSURANCE COMPANY DES MOINES IOWA Frank D Jackson President Sidney A Foster Secretary Principal Office 6th and Locust Sts Des Moines la James G West Atlanta Ga Attorney for Service in Georgia Amount of net or ledger assets Dec 31 of previous yar 523273 43 Extended at 523273 43 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commissions or other expenses 59610 52 1J Cash received lor renewal premiums without deductions for commis sions or other expenses 199826 79 2 Premium notes loans or liens taken in part payment for premiums on new policies 9517 is 2 Premium notes loans or Jiens taken in part payment for renewal pre miums 41366 40 3 From dividends applied to pay run ning premiums 3389 35 8j From dividends applied to purchase paidup additions and annuities 67 43 4j From surrender values applied to purchase paidup insurance and annuities 2518 62 Total 316326 29 6 Deduct amount of premiums paid to other companies for reinsuranceCOMPTROLLERGENERALS REPORT 317 on policies in this company new business 72558 renewals 4 70704 5432 62 7 Total premium income310893 67 8 Cash received for interest on mortgage loans 22851 11 9 Cash re eived for interest on bonds owned and dividends on stock 77 50 10 Cash received for interest on premium notes loans or liens 6781 27 11 Cash received for interest on other debts due the company 2210 22 12 Cash recieved for interest on deferred premi ums 2054 18 15 Ledger assets other than premiums received from other companies for assuming or rein suring their risks 70536 41 19 From all other sources viz Commuted com missions 3525 00 Total income Total IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary additions 71731 47 2 Premium notes loans or liens used in payment of the same 760 58 3 Cash paid for matured endowments and additions thereto 1000 00 5 Cash paid for sums falling due during the year on installment policies 2000 00 Total 75495 05 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured 993 74 7 Total net amount actually paid for losses and matured endowments 74501 31 9 Premium notes loans or liens voided by lapse 16386 92 10 Cash dividends paid policyholders 1498 34 11 Cash dividends applied to pay running premi ums 3389 3o 12 Cash dividends applied to purchase paidup ad ditions and annuities 67 43 13 Surrender values paid in cash 16305 89 15 Surrender values applied to purchase paidup insurance and annuities 2518 62 Total paid policyholders 11406786 16 Cash paid guarantee fund holders for interest or dividends 5810 50 418909 36 942182 79 318 COMPTROLLERGENERALS REPORT 17 18 19 20 21 23 24 26 28 29 30 31 I 8 9 10 11 13 Cash paid for commissions and bonuses to agents less commission on reinsurance new poli cies 15106203 renewals 15962 01 67024 04 Cash paid for salaries and allowances to man agers and agents 11081 19 Cash paid for medical examiners fees 227000 inspection of risks 70980 2979 80 Cash paid for salaries and all other compensa tion of officers and other home offioe employees 25468 84 Cash paid for taxes on new premiums 229164 on renewals 307248 5364 12 Cash paid for insurance department fees and agents licenses 1235 20 Cash paid for rent 1922 49 Cash paid for furniture fixtures and safes for home and agency offices 68 28 Cash paid for advertising 99411 printing 2 15946 3153 57 Cash paid for legal expenses 3597 54 Cash paid for the following items viz Postage 1026 79 telegraphing 8193 Med Dir fees 1626 actuarial service 280 manage rial exp 156939 bond exp 73427 office exp 63454 loan exp 59823 internal rev enue tax 8905 express 10181 sub to journals 10325 phones 11140 collection exp 52473 7481 39 Total disbursements Balance IVASSETS AS PER LEDGER ACCOUNTS loans on mortgage first liens on real estate 443567 other than first 1868445435 00 Loans secured by pledge of bonds stocks or other marketable collaterals 344 11 Loans made ill cash to policyholders on this companys policies assigned as collateral 138330 42 Premium notes loans or liens on policies in force 76380 34 Cost value of bonds and stocks owned exclud ing accrued interest at time of purchase 1000 00 Cash in companys office 2509 08 Cash deposited in banks 6917 33 Bills receivable o 220 22 Agents ledger balances 16212 25 Loan tax liens 76546 building liens 2 21376 2 979 22 Total net or ledger assets as per balances above 692327 97 Total net or ledger assets less depreciation 249854 82 92327 97 692327 97COMPTROLLERGENERALS REPORT 319 OTHER ASSETS 14 Interest due 85643 and accrued 812905 on mortgages 8985 48 15 Interest accrued on bonds and stocks 12 50 16 Interest accrued on collateral loans 6 12 17 Interest accrued on premium notes loans or liens 5101 41 18 Interest due 122949 and accrued 341090 on policy loans 4640 39 Total carried out New 23 Gross premiums due and unreported Business Renewals on polices in force Dec 31 1901 18386 34 15364 39 24 Gross deferred premiums on policies in force Dec 31 1901 1274 22 15313 02 Totals19660 56 30677 41 25 Deduct loading 60 per cent on new and 7 per cent on re newals 11796 33 2147 41 26 Net amount of uncollected and de ferred premiums 7864 23 28530 00 Extended 27 Furniture fixtures and safes 353866 commuted com missions 209655 28 Total assets as per the books of the company 18745 90 36394 23 5635 21 753103 31 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 3538 66 3 Commuted commissions 2096 55 5 Agents balances not secured 4760 90 Total Net reinsurance reserve 2 Premium notes or loans on policies and other obligations in excess of the net value of their policiesI 10076 93 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 14850 00 10396 11 9 Total assets less items not admitted 742707 20 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1991 computed according to the Actuaries Table of Mortality with four per cent interest034427 00 Deduct net value of risks of this company re insured in other solvent companies 2580 00 031847 00320 COMPTROLLERGENERALS REPORT 8 Present value of unpaid amounts on matured installment policies face 120000 10922 00 Total policy claims 35S 93 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 1373 92 13 Amount due on account of salaries rents and office ex penses 790 51 16 Amount of any other liability of the company viz Pre miums paid in advance 70424 commissions payable to agents on notes when paid 44858 1152 82 17 Liabilities on policyholders account 671013 IS 18 Gross surplus on policyholdersaccount 71694 02 19 Total liabilities 742707 20 VIPREMIUM NOTE ACCOUNT 1 Premium notes or liens on hand December 31 of previous year 53328 07 2 Tremium notes or liens received during the year on new policies 951718 on old policies 4164967 51166 85 Total 104194 92 Deductions during the year as follows Amount of notes or liens used in payment of losses and claims 201 56 Amount of notes or liens voided by lapse 13189 7 Amount of notes or liens redeemed by maker in cash 14 723 45 28114 58 Balance note assets at end of the year Business in Georgia During 1901 Number and amount of policies on the lives of citizens of No Georgia in force Dec 31 of previous year S78 Number and amount of policies on tlie lives of citizens of Georgia issued during the year 95 Totallf Deduct number and amount which have ceased to be in force during the year igg Total number and amount of policies in force in Georgia Dec 31 1901 307 76380 34 Amount 568000 00 113561 00 711561 00 213 000 00 498561 00 Amount of losses and claims on policies in Georgia unpaid Dec 31 of previous year o 8000 00 Amount of losses and claims on policies in Georgia in curred during the year 5 10500 00 Total 7 15500 00 Amount of losses and claims on policies in Georgia paid during the year 6 i7500 00 The remaining policy of 1000 was paid in fall Jan 30 1902COMPTROLLERGENERALS REPORT 321 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 AnsCash 1522389 notes or credits 171020 total 1693409 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 597 765 00 fremiums 15414 26 Lmes 5500 00 Tax 154 14 SECURITY TRUST AND LIFE INSURANCE COMPANY PHILADELPHIA PA Robert E Pattison President O A Craine Secretary David S Dickenson Actuary Principal Office Security Trust and Life Building Broadway and 26th St New York N Y Home Office 1011 Chestnut Street Philadelphia Pa A Haas Son Atlanta Attorneys for Service in Georgia LCAPITAL STOCK 1 Amount of capital stock paid up in cash 500000 00 2 Amount of capital subscribed 500000 00 Amount of net or ledger assets December 31 of previous year 1402526 51 Extended at 1402526 51 II INCOME DURING YEAR 1 Cash received for premiums on new policies without deductions forcommissions or other expenses 15194102 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 552163 77 American Union renewal premiums 71419 75 2J Premium notes loans or liens taken in part pay ment for renewal pre miums 8207 97 Total 783732 51 8 Cash received for interest on mortgage loans 5214 06 21 in322 COMPTROLLERGENERALS REPORT 9 Cash received for interest on bonds owned and dividends on stock including 400000 on deposit at Syracuse N Y 10tll 72 10 Cash received for interest on premium notes 1495 27 11 Cash received for interest on other debts due the company and on deposit in banks 5079 78 13 Cash received for rents for use of com panys property including 1800000 for companys own occupancy 163175 55 15 Ledger assets other than premiums re ceived from other companies for assum ing or reinsuring their risks American Union 206611 83 19 From all other sources viz Receipts 1816 75 Total income 1177537 47 Total 2580063 93 IIIDISBURSEMENTS DURING YEAR 10 13 14 15 17 358623 83 73688 07 52120 00 16140 72 Cash paid for death claims including revisionary addi tions American Union cont cost Premium notes loans or liens used in payment of the same American Union regular Cash paid for matured en dowments and additions thereto health and death benefit claims Total Advanced dividends Surrender values paid in cash Surrender values paid in cash American Union Premiums returned Premiums returned American Union Total paid policyholders 51405491 Losses on sale or maturity of securities 268500 American Union Cash paid for commissions and bonuses to agents less commissions on reinsurance new policies 9610902 combination 500572 12 146 82 10237 IS 2602 38 315 10 180 84 2685 00 In this amount is included amount of unpaid death losses of the American Union Life Insurance Company at date of reinsuring risks as shown in No 2 of Disbursements during year 7808807COMPTROLLERGENERALS REPORT 323 policies 169141 renewals 3510246 American Union policies 112281 134025 70 18 Cash paid for salaries and allowances to managers and agents 3246 46 19 Cash paid for medical examiners fees 1116822 inspection of risks 471930 15887 52 20 Cash paid for salaries and all other com pensation of officers and other home employees 37985 75 21 Cash paid for taxes on new premiums and on renewals 1102270 on franchise 50000 11522 70 22 Cash paid for tax on real estate 36169 46 23 Cash paid for insurance department fees and agents licenses 486162 mu nicipal licenses 78338 internal revenue tax 113872 G783 72 24 Cash paid for rent including 1800000 for companys occupancy 22340 05 25 Cash paid for computing commissions 3700 00 26 Cash paid for furniture 854 41 27 Cash paid for ad vertising 703170 print ing 719263 postage 177156 15995 89 28 Cash paid for real estate expenses other than taxes 4438367 for legal expenses 1213705 56520 72 Expressage 336 61 29 Cash paid for the following items viz Traveling expense account 234114 ex penses American Union 848853 health insurance expense 72550 profit and loss account disbursements 1138884 insurance payments 103558 94 expense account 433542 130838 37 Total miscellaneous expenses 47889236 30 Total disbursements 992 947 30 31 Balance 1587116 68 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1027500 00 2 Loans on mortgage first liens on real estate 125600 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 300 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 30526 30324 5 COMPTROLLERGENERALS REPORT 9 10 Premium notes loans or liens on policies in force Cost 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 balance F C Grable contract 251818 suspense account 12050 Chestnut Street Na tional Bank 1264169 Companys stock owned 50358 48 239335 00 611 08 32332 53 10277 80 30494 82 15280 67 18500 00 Total net or ledger assets as per balance above 1587116 68 11 13 Total net or ledger assets less depreciation 1587116 68 14 17 20 21 23 24 25 26 OTHER ASSETS Interest due rents and accrued on mort gages Interest due and accrued on premium notes loans or liens Total carried out Market value of real estate over cost 5160 66 4285 04 Market value of bonds and stocks over cost New Business 9445 70 5500 00 2601 00 Gross premiums due and un reported on policies in force December 31 1901 Gross deferred premiums on policies in force December 31 1901 Total Deducting loading 60 per cent on new and 6 per cent on renewals Renewals 28027 43 11891 74 18026 78 79343 88 46054 21 91235 62 27632 53 5474 14 Net amount of uncollected and deferred premiums 1842168 8576148 Extended 104183 16 28 Total assets as per the books of the company 1708846 54 ITEMS NOT ADMITTED 1 Companys stock owned 18500 00 Premium notes or loans and net premiums in excess of reserve on policies 99 60 6 Loans on personal security endorsed or not 300 00COMPTROLLERGENERALS REPORT 325 7 Bills receivable 10277 80 8 Supplies printed matter and stationery miscellaneous 2638 98 Total 31816 38 9 Total assets less items not admitted 1677030 16 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to the actuaries table of mortality with 3 per cent interest 1122879 00 Reserve or health policies 3324 72 Net re insurance reserve 1126203 72 5 Claims for death losses in process of ad justment or adjusted and not due 42635 34 6 Claims for death losses and other policy claims resisted by the company 25500 00 7 Death losses which have been reported and no proofs received 26700 00 8 Present value of unpaid amounts on matured installment policies face 38 700 00 23334 00 Total policy claims 118169 34 13 Amount due on account of salaries rents and office ex penses notes bills accounts bonuses commissions medical and legal fees etc 1888 08 16 Amount of any other liability of the company viz Premiums paid in advance 48900 489 00 Accrued interest 1543750 health claims unpaid 128851 16726 01 Liabilities on policyholders account 1263476 15 18 Gross surplus on policy holders account 413554 01 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 44445 01 2 Premium notes loans or liens received during the year on new policies on old policies 51992 70 Premium notes loans or liens restored by revival of policies 623 25 Total 97060 96 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 1168 90 Amount of notes loans or liens voided by lapse 6136 25326 COMPTROLLERGENERALS REPORT Amount of notes loans or liens re deemed by maker in cash 39397 33 46702 48 Balance note assets at end of the year 50358 48 Business in Georgia During 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 185 348450 Number and amount of policies on the lives of citizens of Georgia issued during the year 171 259312 Total 356 607762 Deduct number and amount which have ceased to be in force during the year 131 209675 Total number and amount of policies in force in Georgia December 31 1901 225 398087 Amount of losses and claims on policies in Georgia in curred during the year 2 3000 Total 2 3000 What amount of premiums was collected or secured in Geor gia during the year in cash and notes or credits without any deduction for losses dividends commis sions or other expenses Answer Cash 1901606 notes or credits 2100 total 1903706 BUSINESS IM GEORGIA FOB YEAK ENDING APRIL 30 1902 Insurance in force 411939 00 Premiums 18258 46 Losses 3000 00 Tax 182 58 SECURITY MUTUAL LIFE INSURANCE CO BINGHAMTON N Y W G Phelps President Charles M Turner Secretary Z Bennett Phelps Actuary W A Wright Attorney for Service in Georgia icapital stock Amount of net ledger assets December 31 of previous year 977558 60 Extended atS IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 236095 72 lJCash received for renewal pre miums without deductions 977558 60COJirTROLLERGENERALS REPORT 327 for commissions orotherex penses 646261 12 3 From dividends applied to pay running premiums 3705 3 Total 886062 67 7 Total premium income 886062 67 8 Cash received for interest on mortgage loans 14742 00 9 Cash received for interest on bonds owned and dividends on stock 11645 67 10 Cash received for interest on premium notes loans or liens 489 04 11 Cash received for interest on other debts due the company 2627 79 12 Cash received as discount on claims paid in advance 577 08 13 Cash received for rents for use of companys property including for com panys own occupancy 375 82 14 Cash received for profits on sales of bonds or stocks 659 37 19 From all other sources viz Registration 327300 internal revenue 140 03 ex change 102778 loans on policies 43660 total 4877 41 Total income 922056 85 Total 1899615 45 III DISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims in cluding revisionary addi tions 294946 96 5 Cash paid for sums falling due during the year on install ment policies 20515 06 Total 315462 02 7 Total net amount actually paid for losses and matured endowments 315462 02 8 Cash paid for returned premiums 1150 41 11 Cash dividends applied to pay running pre miums 3705 83 13 Surrender values paid in cash 1460 90 Total paid policyholders 32177916 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 16942848 renewals 68 98822 238416 70328 COMPTROLLERGENERALS REPORT 18 Cash paid for salaries and allowances to managers and agents 22191 93 19 Cash paid for medical examiners fees 25 00950 inspection of risks 203614 claims 1320085 30246 49 20 Cash paid for salaries and all other compen sation of officers 1841758 and other home office employees 1778294 36200 52 21 Cash paid for taxes on new premiums and on renewals 6113 79 22 Cash paid for taxes on reserves on investments real estate 190 16 23 Cash paid for insurance department fees and agentslicenses 387206 municipal and State licenses 134067 5212 73 24 Cash paid for rent including com panys occupancy less received under sublease 10842 92 25 Cash paid for internal revenue tax 3236 60 26 Cash paid for furniture fixtures and safes for home and agency offices 1938 88 27 Cash paid for advertising 438083 print ing 683644 postage 351908 14736 35 28 Cash paid for real estate expenses other than taxes 12110 for legal expenses 106886 1189 96 29 Cash paid for the following items viz Gen eral office expenses 1097370 exchange 74082 accrued interest paid 46816 collection 1892980 traveling 1080154 41914 02 Total miscellaneous expenses 41243105 30 Total disbursements 734 210 21 31 Balance 1165405 24 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 9966 45 2 Loans on mortgage first liens on real estate 303400 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 19758 72 4 Loans made in cash to policyholders on this companys policies assigned as collateral 118305 90 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur hase 404881 00 7 Cash in companys office 5447 71 8 Cash deposited in banks 159283 29COMPTROLLERGENERALS REPORT 329 9 10 11 13 14 15 16 17 21 23 24 25 26 28 Bills receivable Agents ledger balances 135 00 144227 17 Total net or ledger assets as per balance above 1165405 24 Total net or ledger assets less depreciation OTHER ASSETS Interest due 52900 and accrued 470817 on mortgages Interest due and accrued on bonds and stocks Interest due and cccruei on collateral loans Interest due and accrued on premium notes loans or liens 1165405 24 5237 17 3267 08 218 76 3517 72 Total carried out Market value of bonds and stocks over cost 12240 73 1312 50 New Business Gross premiums due and un reported on policies in force December 31 1901 Gross deferred premiums on policies in force December 31 1901 11470 23 Totals Deducting loadings 70 per cent on new and 5 per cent on renewals 8029 16 Renewals 105522 81 18072 83 11470 23 I 123595 64 6179 78 Net amount of uncollected and deferred premiums1 Extended 3441 07 117415 Total assets as per the books of the company ITEMS NOT ADMITTED 120856 93 1299815 40 Agents balances Bills receivable 144227 17 135 00 Total 144362 17 9 Total assets less items not admitted 1155453 23 VLIABILITIES 1 Net present value of all the outstanding poli cies in force on the 31st day of December 1901 computed according to the Actuaries Table of Mortality with 4 per cent interest and American Experience Table with 3 and 3J per cent 324195 00 Net reinsurance reserve 324195 00330 COMPTROLLERGENERALS REPORT 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 42276 14 3 Claims for death losses reported and no proofs received 20017 00 5 Claims for death losses in process of adjust ment or adjusted and not due 8000 00 6 Claims for death losses and other policy claims resisted by the company 6000 00 8 Present value of unpaid amounts on matured installment policies 34972236 44048 35 Total policy claims 120341 49 13 Amount due on account of salaries rents and office expenses 14473 82 17 Liabilities on policyholders account5 459010 31 18 Gross surplus on policyholders account 696442 92 19 Total liabilities 1155453 23 Business in Georgia Daring 1891 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1408 2726659 50 Number and amount of policies on the lives of citizens of Georgia issued during the year 369 539350 50 Total 1777 3266010 00 Deduct number and amount which have ceased to be in force during the year 376 686785 CO Total number and amount of policies in force in Georgia December 31 1901 1401 2579225 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1 6000 00 Amount of losses and claims on policies in Georgia in curred during the year 8 15163 50 Total 9 21163 50 Amount of losses and claims on policies in Georgia paid during the year 8 19163 50 What amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses AnswerCash 5968678 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 2537156 00 Premiums 62071 10 Losses 27 249 00 Tax 620 71COMPTROLLERGENERALS REPORT 331 SOUTH ATLANTIC LIFE INSURANCE COMPANY RICHMOND VA Beveeley B Munfoed President Louis T Dobie Secretary David Paeks Facklee Actuary Principal Office Richmond Va H N Randolph Atlanta Attorney for Service in Georgia Amount surplus paid up 49002 00 ICAPITAL STOCK 1 Amount of capital stock paid up in cash 196008 00 2 Amount of capital subscribed but unpaid 3992 00 Amount of net or ledger assets December 31 of previous year 217519 10 Collected account of capital during 1901 21103 00 Extended at 238622 10 IIINCOME DUEING YEAE 1901 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 29569 81 lJCash received for renewal premiums without deduc tions for commissions or other expenses 19618 63 2 Premium notes loans or liens taken in part payment for premiums on new policies 5334 18 Total 54522 62 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 5172881 renewals 33195 2060 76 7 Total premium income5 52461 86 8 Cash received for interest on mortgage loans 388 50 9 Cash received for interest on bonds owned and dividends on stock 4614 00 10 Cash received forinterest on premium notes loans or liens 5469 05 I332 COMPTROLLERGENERALS REPORT 14 Cash received for profits on sales of bonds or stocks 269188 real estate all other 2691 88 Total income Total IIIDISBURSEMENTS DURIiVG YEAR 1901 1 Cash paid for death claims including revisionary addi tions 6500 00 Total 6500 00 7 Total net amount actually paid for losses and matured endowments 6500 00 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 1497305 renew als 87338 15846 43 18 Cash paid for salaries and allowances to managers and agents 1500 00 19 Cash paid for medical examiners fees 3 48300 inspection of risks 3483 00 20 Cash paid for salaries and all other com pensation of officers and other home office employees 12338 86 21 Cash paid for taxes on new premiums 35699 on renewals 356 99 22 Cash paid for taxes on reserves on in vestments 253 18 23 Cash paid for insurance department fees and agents licenses 3694 municipal licenses 162154 1658 48 24 Cash paid for rent including 187502 companys occupancy less received under sublease 1875 02 26 Cash paid for furniture fixtures and safes for home and agency offices 207 75 27 Cash paid for advertising 245918 print ing 198052 4439 70 28 Cash paid for real estate expenses other than taxes for legal expenses 416 97 416 97 29 Cash paid for the following items viz Agency expense 104836 traveling ex pense 256671 postage 64778 ex pense 153816 internal revenue 36679 profit and loss 2060 6373 87 Total miscellaneous expense 637387 30 Total disbursements 31 Balance 65625 29 304247 39 55250 25 248997 14COMPTROLLERGENERALS REPORT 333 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Loans on mortgage first liens on real es tate 9 10 13 14 15 16 18 21 23 24 Loans secured by pledge of bonds stocks or other marketable collaterals Premium notes loans or liens on policies in force of which was received dur ing the year Cost value of bonds and stocks owned excluding accrued interest at time of purchase Cash in companys office Cash deposited in banks Bills receivable Agents ledger balances of which was advanced during the year 6377 50 73250 00 5334 18 98870 00 21590 45 30248 50 3682 93 9643 53 Total net or ledger assets less depreciation OTHER ASSETS Interest due and accrued 2375 on mortgages 23 75 Interest due and accrued 30283 on bonds and stocks 302 83 Interest due and accrued 13015 on col lateral loans 30 15 Interest due and accrued 32887 on other assets 328 87 Total carried out Market value of bonds and stocks over cost 26 27 Gross premiums due and un reported on policies in force December 311901 Gross deferred premiums on policies in force December 31 1901 Totals Deducting loading 50 per cent on new and 10 per cent on renewals Net amount of uncollected and deferred premiums Extended New Business Renewals 1290 29 2416 81 1528 22 2251 45 2818 51 4668 26 1409 25 466 82 1409 26 4201 44 Furniture fixtures and safes 188390 Printing and stationery book value 555607 300000 balance due account stock and surplus 499000 248997 14 685 60 7828 00 5610 70 1883 90 7990 00 28 Total assets as per the books of the company 272995 34334 COMPTROLLERGEXERAES REPORT ITEMS NOT ADMITTED 1 Companys stock owned loans on 2 Judgments furniture fixtures and safes 188390 5 Agents balances 7 Bills receivable 5 Supplies printed matter and stationery Total 4990 00 1883 90 9643 53 3682 98 3000 00 18 17 18 19 Liabilities on policyholders account Gross surplus on policyholders account Total liabilities VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 2019 52 2 Premium notes loans or liens received dur ing the year on new policies on old policies 8755 86 Total Deductions during the year as follows Amount of notes loans or liens voided by lapse 238 33 Amount of notes loans or liens redeemed by maker in cash 5202 37 Total reduction of premium note account Balance note assets at end of the year 23200 41 Total assets less items not admitted 249794 93 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to the Actuaries Table of Mortality with four per cent interest 23909 00 Deduct net value of risks of this company reinsured in other solvent companies 1236 00 Net reinsurance reserve 22673 00 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due no proofs received 1000 00 Total policy claims 1000 00 Amount due on account of salaries rents and office expenses S34 61 24507 61 2252S7 32 249794 93 10775 38 5441 20 BUSINESS I GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force Premiums Tax 5334 18 109000 00 2326 00 23 26COMPTROLLERGENERALS REPORT 335 SUN LIFE ASSURANCE COMPANY OF CANADA Robertson Macaulay President Thomas B Macaulay Secretary Aetuary T B Macaulay F I A Principal office 1766 Notre Dame Street Montreal Jno S Cameron Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 105000 00 2 Amount of capital subscribed but unpaid 595000 00 Amount of net or ledger assets December 31 of previous year 9896940 40 Extended at 9896940 40 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 477732 53 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 1855740 20 2 Premium notesloans or liens taken in part payment for renewal premiums 33 50 3 From dividends applied to pay running premiums 13061 19 3J From dividends applied to purchase paidup additions and annuities 40197 58 4 From surrender values ap plied to pay running pre miums 1149 08 5 Considerations for annuities other than matured install ment policies 102349 70 Premium income thrift de partment 88296 56 Total 257S56034 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company renewals 1373 11 7 Total premium income 2577187 23336 COMPTROLLERGENERALS REPORT 9 10 11 Cash received for interest on loans Cash received for interest on 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 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of compa nys property including for com panys own occupancy Cash received for profits on sales of bonds or stocks From all other sources viz Premiums from combined accident policies mortgage bonds J 455893 02 11 19 21349 98 41049 23 186 61 Total income 3 095 66G 07 Total 12992606 47 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary addi tions 3 Cash paid for matured endow ments and additions thereto 5 Cash paid for sums falling due during the year on in stallment policies Total 6 Deductamountreceived from other companies for losses or claims on policies of this company reinsured 638841 85 178906 61 2786 65 820535 11 15000 00 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running pre miums 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums Total paid policyholders 1065546 70 16 Cash paid stockholders for interest or divi dends 805535 11 44499 07 26072 81 13061 19 40197 58 135031 86 1149 08 15750 00COMPTROLLERGENERALS REPORT 337 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 26542463 renewals 97 07471 362499 34 18 Cash paid for salaries and allowances to managers and agents and clerks 87887 21 19 Cash paid for medical examiners fees 32 24065 inspection of risks 200000 34240 65 20 Cash paid for salaries and all other com pensation of officers and other home office employees 69242 33 23 Cash paid for insurance department fees and agents licenses and insurance taxes 1899599 municipal licenses 1741755 26413 54 24 Cash paid for rent including 1000000 companys occupancy 24433 38 25 Directors and auditors fees 13873 66 Subscriptions caretakers light water and heat 5356 80 26 Cash paid for furniture fixtures and safes for home and agency offices etc 5958 46 27 Cash paid for advertising 971511 print ing and stationery 2478166 revenue and policy stamps and sundry postages 526721 39763 98 28 Cash paid for real estate expenses other than taxes deducted from rents for legal expenses 4566 81 Agents and officers traveling expenses 24945 69 29 Cash paid for the following items viz Thrift department expenses 43638 28 Accident department claims 10285 ex penses 2332 126 17 Profit and loss 2261 25 Total miscellaneous expenses 76095755 30 Total disbursements 1826504 25 31 Balance 11166102 22 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1105060 38 2 Loans on mortgage first liens on real estate 3410320 85 3 Loans secured by pledge of bonds stocks or other marketable collateral 138094 55 Policy loans under nonforfeiture agree ments 21432395 22 in338 COMPTROLLERGENERALS REPORT 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 696638 93 5 Premium notes loans or liens on policies in force 1174 47 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 5310397 89 7 Cash in companys office 27461 95 8 Cash deposited in banks 208994 74 10 Agents ledger balances 1721 52 Ground rents 38640 00 Due from other companies for losses or claims on companys policies reinsured 15779 51 11 Total net or ledger assets as per bal ance above 11168608 73 12 Deduct ledger liabilities 5006 51 13 Total net or ledger assets less deductions 11163602 22 OTHER ASSETS 14 Interest due 54499 20 and accrued 76 52610 on mortgages 131025 30 15 Interest due 931801 and accrued 41 01509 on bonds and stocks 50333 10 16 Interest due and accrued on collateral loans 3259 56 17 Interest due and accrued on premium notes loans or liens 68 19 18 Interest due 23171 and accrued 269022 on policy loans 2921 93 19 Rents due 461225 and accrued 650229 on companys property or lease 11114 54 Total carried out 198 700 io 21 Market value of bonds and stocks over cost 45920 61 New Business Renewals 23 Gross premiums due and unre ported on policies in force Dec 311901 84025 69 17586194 24 Gross premiums on policies in force Dec 31 1901 28407 43 115682 S6 Totals 112433 12 291544 80 25 Deducting cost of collection 30 per cent on new and 3 per cent on renewals 38729 94 8746 35 26 Net amount of uncollected and deferred premiums 78703 18 282798 45 Extended 361501 63 28 Total assets as per the books of the company 11769747 08COMPTROLLERGENERALS REPORT 339 ITEMS NOT ADMITTED 5 Agents balances 1721 52 Total 1721 52 9 Total assets less items not admitted11768025 5e VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1901 computed according to The H M Table of Mortality with 34 and 4 per cent interest 10987082 43 Deduct net value of risks of this company reinsured in other solvent companies 1836 30 Net reinsurance reserve 10985846 13 3 Claims for death losses which have been re ported and no proofs received 75558 32 4 Claims for matured endowments due and unpaid 266 00 5 Claims for death losses and matured endow ments in process of adjustment or ad justed and not due 42053 07 6 Claims for death losses and other policy claims resisted by the company not in suit 4875 00 7 Amounts due and unpaid on annuity claims 2335 66 8 Present value of unpaid amounts on ma tured installment policies not yet due 40053 30 Total policy claims 16514135 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 15384 65 11 Amount of unpaid dividends to stockholders due Janua ry 1902 7875 00 16 Amount of any other liability of the company viz pre miums paid in advance 7lr6 61 Accident department Ill 96 17 Liabilities on policyholders account 11181525 70 Capital stock paid up 105000 00 18 Gross surplus on policyholders account 48149 86 19 Total liabilities 11768025 56 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 345933 57 21 Estimated surplus accrued on all other policies 135566 29340 COMPTROLLERGENERALS REPORT VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand with interest to December 31 of previous year 1092 35 2 Premium notes loans or liens with interest 4862 added during the year on new pol icies on old policies 3350 83 12 Balance note assets at end of the year Business in Georgia During 1901 No Number and amount of policies on the lives of cit izens of Georgia in force Dec 31 of previous year 298 Number and amount of policies on the lives of cit izens of Georgia issued during the year 298 Total 596 Deduct number and amount which have ceased to be in force during the year 197 Total number and amount of policies in force in Georgia December 31 1901 399 Amount of losses and claims on policies in Georgia incurred during the year Total Amount of losses and claims on policies in Georgia paid during the year 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 AnsCash 2266616 1175 47 Amount 529460 00 591827 00 1121287 00 411525 00 709762 00 5000 00 5000 00 2115 00 BUSINESS IN GEORGIA POR YEAR ENDING APRIL 30 1902 Insurance in force Premiums Losses Tax 593500 00 22937 53 5000 00 229 37 STATE LIFE INSURANCE COMPANY INDIANAPOLIS IND Andrew M Sweeney President Wilbur S Wthn Secretary Principal office Newton Claypool Building ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 572014 83 Extended at 572014 83 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deducCOMPTROLLERGENERALS REPORT 341 1J 3 4 4j 7 8 10 11 12 19 tions for commissions or other expenses 279284 49 Cash received for renewal pre miums without deductions for commissions or other expenses 551713 37 From dividends applied to pay running premiums 33615 16 From surrender values applied to pay running premiums 2848 03 From surrender values applied to purchase paidup insurance and annuities 880 00 Total premium income 868341 05 Cash received for interest on mortgage loans 27743 39 Cash received for interest on premium notes loans or liens 2578 53 Cash received for interest on other debts due the company 497 21 Cash received as interest on deferred pre miums 2031 50 From all other sources viz Internal revenue items repaid586 71 Total income Total IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims in cluding revisionary addition 200269 19 7 Total net amount actually paid for losses and matured endowments 2C0269 19 9JPremium notes loans or liens used in pay ment of dividends to policyholders 11 Cash dividends applied to pay running pre miums 13 Surrender values paid in cash 14 Surrender values applied to pay running pre miums 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 240236 80 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 17897513 renewals 46 74994 225725 07 18 Cash paid for salaries and allowances to man agers and agents 24116 8S 19 Cash paid for medical examiners fees 16528 00 20 Cash paid for salaries and all other compensa tion of officers and other home office em ployees 54981 35 901778 39 1473793 22 29 70 33615 16 2594 72 2848 03 880 00312 COMPTROLLERGENERALS REPORT 21 22 23 24 25 26 28 29 30 31 10 11 14 23 24 25 26 28 9367 82 2667 07 4533 02 5386 75 90 25 1702 91 Cash paid for taxes on new premiums 458750 on renewals 478032 Cash paid for taxes on investments Cash paid for insurance department fees and agents licenses 400435 municipal licenses 52867 Cash paid for rent Cash paid for investment expenses Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 399234 printing 804868 postage 217440 14215 42 Cash paid for legal expenses 6715 30 Cash paid for the following items viz Trav eling expenses 17617 73 Miscellaneous expenses 192973 agents cash applied on premiums 491942 6849 15 Total miscellaneous expenses 38557730 Total disbursements Balance Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Loans on mortgage first liens on real estate 660692 21 Loans secured by pledge of bonds stocks or other marketable collaterals Loans made in cash to policyholders on this companys policies assigned as collateral Cash in companys office Cash deposited in banks 119118 32 Agents ledger balances 13767 84 Total net or ledger assets as per balance above 843059 70 OTHER ASSETS Interest due 89470 and accrued 813931 on mortgages Renewals 630733 52 S43059 70 1000 00 39094 77 9386 56 9034 01 New Business Gross premiums due and unre ported on policies in force De cember 311901 153876 51 Gross deferred premiums on pol cies in force December 311901 7593 07 91011 13 27050 81 Totals 161469 58 118061 94 Deducting loading 06SSI 75 5903 10 Net amount of uncollected and deferred premiums 64587 83 112158 84 Extended176746 67 Total assets as per the books of the company 1028840 38COMPTROLLERGENERALS REPORT 343 ITEMS NOT ADMITTED 5 Agents balances 13767 84 Total assets less items not admitted 1015072 54 VLIABILI 1IES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1901 computed according to the Actuaries Table of Mortality with four per cent in terest on all policies dated prior to January 1 1901 and American 3 per cent on all others 670202 03 Net reinsurance reserve 670202 03 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 16000 00 6 Claims for death losses and other policy claims resisted by the company 5000 00 Total policy claims 21000 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 2613 74 13 Amount due on account of salaries rents and office ex penses 4494 97 16 Amount of any other liability of the company viz Pre miums paid in advance 1107 42 17 Liabilities on policyholders account 699418 16 18 Gross surplus on policyholders account 315654 38 19 Total liabilities 1015072 54 Business in Georgia during 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 163 683000 Number and amount of policies on the lives of citizens of Georgia issued during the year 306 506600 Total 46D 1189600 Deduct number and amount which have ceased to be in force during the year 80 181100 Total number and amount of policies in force in Geor gia December 31 1901 389 1008500 Amount of losses and claims on policies in Georgia incurred during the year 2 10000 Total 2 10000 Amount of losses and claims on policies in Georgia paid dur ing the year 2 10000 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deductions for losses dividends commissions or other expenses Answer Cash 2532139 notes or credits total 2532139344 COMPTROLLERGENERALS REPORT STATE MUTUAL LIFE ASSURANCE CO WORCESTER MASS A G Bullock President H M Witter Secretary Principal office 340 Main street Worcester ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 16447627 67 Extended at 16447627 67 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without dtduc tions for commissions or oth er expenses 427651 15 1JCash received for renewal pre miums without deductions for commissions or other ex penses 2397203 94 2JPremium notes loans or liens taken in part payment for re newal premiums 144039 00 3 From dividends applied to pay running premiums 310934 59 3JFrom dividends applied to pur chase paidup additions and annuities 107518 01 Total3387346 69 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 938746 renewals 1373370 23121 16 7 Total premium income 3364225 53 8 Cash received for interest on mortgage loans 331986 76 9 Cash received for interest on bonds owned and dividends on stock 454986 55 10 Cash received for interest on premium notes loans or liens 63 292 32 11 Cash received for interest on other debts due the company 37 26 71 12 Cash received as discount on claims paid in advance 943 89 13 Cash received for rents for use of companys property including 15000 for companys own occupancy 108471 87 14 Cash received for profits on sales of bonds or stocks 8918 3SCOMPTROLLERGENERALS REPORT 345 16 From dividends 191460 and surrender values 7400 on reinsurances 1988 60 19 From all other sources viz Annuity cer tain contracts 9525 00 Total income 4181965 61 Total 20629593 28 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims in cluding revisionary additions 787561 27 3 Cash paid for matured endow ments and additions thereto 234639 33 5 Cash paid for sums falling due during the year on install ment policies 674 00 10 11 12 13 17 18 19 20 21 22 23 24 25 Total net amount actually paid for losses and matured endowments Premium notes loans or liens used in pur chase of surrendered policies 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 including ad ditions surrendered Total paid policyholders 174583854 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 20681660 renewals 194 43939 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 24 232 50 inspection of risks 500000 Cash paid for salaries and all other compen sation of officers and other home office employees Cash paid for taxes on new premiums f4 68700 on renewals 1408400 Cash paid for taxes on reserves 12794053 on investments 2432548 Cash paid for insurance department fees and agentslicenses 702294 municipal licenses 95775 Cash paid for rent including 15000 com panys occupancy Cash paid for commuting commissions 1022874 60 3151 00 11520 58 310934 59 107518 01 289839 76 401255 99 49574 86 29232 50 06249 96 18771 00 52266 01 7980 69 38096 70 27500 00346 COMPTROLLERGENERALS REPORT 26 27 28 29 30 31 Cash paid for furniture fixtures and safes for home and agency offices 5877 00 Cash paid for advertising 4484 printing 1208278 16566 78 Cash paid for real estate expenses other than taxes 3297894 for legal expenses 337259 36351 53 Cash paid for the following items viz Rev enue stamps traveling expenses station ery postage and sundry expenses 43409 28 Total miscellaneous expns 579313230 Total disbursements 2538970 84 Balance 18090622 44 Deduct premium notes 144039 CO 17946583 44 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all incumbrances 1710000 00 Loans on mortgage first liens on real es tate 3003317 00 Loans secured by pledge of bonds stocks or other marketable collaterals 806434 00 Loans made in cash to policyholders on this companys policies assigned as collateral 1271627 65 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 10785033 00 7 Cash in companys office 2858 40 8 Cash deposited in banks 367313 39 11 Total net or ledger assets as per balance above 17940583 44 14 15 Iti 17 19 21 23 OTHER ASSETS Interest due 528875 and accrued 31 74016 on mortgages 37028 91 Interest accrued on bonds and stocks 150605 SI Interest accrued on collateral loans 8019 14 Interest due 56825 and accrued 1979199 on premium notes loans or liens 20360 24 Rents accrued on companys property or lease 11593 31 Total carried out Market value of bonds and stocks over cost 227607 44 972197 00 Gross premiums due and unre ported on policies in force De cember 311901 New Business Renewals 43322 39 1545S9 31COMPTROLLERGENERALS REPORT 347 24 Gross deferred premiums on poli cies in force December 31 1901 51986 18 259129 41 Totals 95308 57 413718 72 25 Deducting loading 49 45 per cent on new and 660 per cent on renewals 47130 09 27305 44 26 Net amount of uncollected and deferred premiums 48178 48 386413 28 Extended 434591 76 15 17 18 19 Total assets as per the books of the company VLIABILITIES Net present value of all the outstanding pol icies in force on the 31st day of Decem ber 1901 computed according to the Act uaries Table of Mortality with four per cent interest and Am 34 per cent 17486170 00 Deduct net valve of risks of this company reinsured in other solvent companies 54777 00 Net reinsurance reserve C aims for death losses reported and no proofs received 55223 21 Claims for death losses and other policy claims resisted by the company 3500 00 Present value of unpaid amounts on ma tured installment policies face 15892 10533 00 Total polic claims Amount of any other liability of the company viz Pre miums paid in advance Special reserve for deferred dividends Liabilities on policyholders account Gross surplus on policyholders account Total liabilities 19580979 64 17431393 00 09256 21 5405 28 26000 00 VIPREMIUM NOTE ACCOUNT 17532054 49 2048925 15 19580979 64 Premium notes loans or liens on hand De cember 31 of previous year 152191 37 Premium notes loans or liens received dur ing the year 236434 62 Total 388625 99 Deductions during the year as follows Amount of notes loans or liens voided by lapse 3151 00 Amount of notes loans or liens redeemed by maker in cash 241435 99 Total reduction of premium note account 244586 99 Balance note assets at end of the year 144039 00348 COMPTROLLERGENERALS REPORT Business in Georgia During 1901 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 7 If umber and amount of policies on the lives of citizens of Georgia issued during the year 18 Amount 19255 00 48000 00 Total 25 67255 00 Deduct number and amount which have ceased to be in force during the year 1 5000 00 Total number and amount of policies in force in Georgia December 31 1901 24 62255 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 90310 notes or credits 0300 total 96610 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 118000 00 Premiums 2262 97 Tax 22 62 THE TRAVELERS LIFE INSURANCE COMPANY OF HARTFORD CONN Sylvester C Dunham President John E Morris Secretary Principal office 56 Prospect Street Hartford Conn W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 23284681 39 Extended at 23284681 39 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 602008 51 Cash received for renewal premiums without deduc tions for commissions or other expenses 3093891 47 2 Single premiums 21542 08 4 From surrender values ap plied to pay running pre miums 457 SO 5 Consideration for annuities other than matured install ment policies 15145 59 Total 3733646 05COMPTROLLERGENERALS REPORT 349 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 2209579 renewals 10246629 124562 08 7 Total premium income 3609083 97 8 Cash received for interest on mortgage loans 337336 33 9 Cash received for interest on bonds owned and dividends on stock 544454 69 10 Cash received for interest on premium notes loans or liens 132733 69 11 Cash received for interest on other debts due the company 53336 14 12 Cash received as discount on claims paid in advance 2668 25 13 Cash received for rents for use of com panys property including 15000 for companys own occupancy 110441 02 14 Cash received for profits on sales of bonds or stocks 3130711 real estate 35 40347 69710 58 19 From all other sources viz profit and loss 1547 76 Total income 4861312 43 Total 28145993 82 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary ad ditions 1098601 14 3 Cash paid for matured en dowments and additions thereto 361192 13 5 Cash paid for sums falling due during the year on in stallment policies 274904 31 Total 1734697 58 6 Deduct amount received from other companies for losses or claims on policies of this company 42500 00 7 Total net amount actually paid for losses and matured endowments 1692197 58 8 Cash paid to annuitants 17759 57 13 Surrender values paid in cash 188231 01350 COMPTROLLERGENERALS REPORT 14 17 18 19 20 21 22 23 24 26 27 28 29 30 81 Surrendered values applied to pay run ning premiums 457 80 Total paid policyholders 189864590 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 27746945 re newals 16052676 annuities 60548 single premiums 113823 430739 92 Cash paid for salaries and allowances to managers and agents 46328 50 Cash paid for medical examiners fees and inspection of risks 38704 48 Cash paid for salaries and all other com pensation of officers and other home of fice employees 79854 78 Cash paid for taxes on new premiums 700381 onrenewels 2930392 U S revenue 8194 91 44502 64 Cash paid for taxes on reserves Si136 91 on real estate 2890538 33042 29 Cash paid for insurance department fees and agents licenses 2084 74 muni cipal licenses 323416 5318 90 Cash paid for rent including 15000 com panys occupancy 18065 40 Cash paid for furniture fixtures and safes for home and agency offices 826 13 Cash paid for advertising 4580599 printing 1432433 postage 6805 70 66936 02 Cash paid for real estate expenses other than taxes 12145126 for legnl ex penses 443670 128881 96 Cash paid for the following items viz Trav eling expense 28164 exchange 6 74766 express charges 54556 expense 883247 16407 33 Total miscellaneous expense 91861435 Total disbursements 2817260 31 Balance 25328733 51 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of in cumbances 1790575 45 2 Loans on mortgage first liens on real estate 6532038 62 3 Loans secured by pledge of bonds stocks or other marketable collaterals 757059 90 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 1740999 10COMPTROLLERGENERALS REPORT 351 6 7 8 10 II 13 14 15 16 21 23 21 25 26 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 13104120 96 Cash in companys office 3398 64 Cash deposited in banks 1393750 17 Agents ledger balances 6790 67 Total net or ledger assets as per balance above25328733 1 Total net or ledger assets less depreciation 25328733 51 OTHER ASSETS Interest accrued on mortgages Interest accrued on bonds and stocks Interest accrued on collateral loans Total carried out Market value of bonds and stocks over cost 103017 79 122894 85 12166 02 238678 66 878818 64 New Business 50375 21 Renewals f291433 66 63514 63 384835 78 Gross premiums due and un reported on policies in force December 31 1901 Gross deferred premiums on policies in force December 31 1901 Totals Deducting loading 45 per ct on new and 6 per cent on renewals Net amount of uncollected and deferred premiums 62639 41 635693 28 Extended 113889 84 378269 14 51250 43 40576 16 698332 69 28 Total assets as per the books of tbe company27144563 50 ITEMS NOT ADMITTED Agents balances Total 6790 57 6790 57 i Total assets less items not admitted 27137772 83 VLIABILITIES Reserve for annuities 143783 00 Reserve for indemnity contracts 5000 00 4 Net present value of all the outstanding pol cies in force on the 31st day of December 1901 computed according to the Actuaries Table of Mortality with 4 per cent interest with any increased reserve computed 24691304 00 By State authority24840087 00 Deduct net value of risks of this company reinsured in other solvent companies 565335 00 Net reinsurance reserve 24274752 00352 COMPTROLLERGENERALS REPORT 3 Claims for death losses reported and no proofs received 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 not yet outlawed 63754 00 4267 00 25136 60 15000 00 Total policy claims 108157 60 8 Present value of unpaid amounts on ma tured installment policies face 1690543 1263514 00 13 Amount due on account of salaries rents and office ex penses 2S000 00 16 Amount of any other liability of the company viz Pre miums paid in advance 24248 49 Reserve to protect security valuations 100000 00 17 Liabilities on policyholders account 25795672 09 18 Gross surplus on policyholders account 1342100 74 19 Total liabilities 27137772 83 Business in Georgia During 1901 Number and amount of policies on the lives of citizens No Amount of Georgia in force December 31 of previous year1121 4162994 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 240 764828 00 Total1361 4927822 00 Deduct number and amount which have ceased to be in force during the year 133 390395 00 Total number and amount of policies in force in Georgia December 31 1901 1228 4537427 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 3 27000 00 Amount of losses and claims on policies in Georgia in curred during the year 24 41723 75 Total 27 68723 75 Amount of losses and claims on policies in Georgia paid during the year 25 58723 75 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 14146580 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 4524871 00 Premiums 148407 77 Losses 46166 06 Tax 1484 07COMPTROLLERGENERALS REPORT 353 UNION CENTRAL LIFE INSURANCE COMPANY CINCINNATI OHIO John M Pattison President R S Rust VicePresident E P Marshall Secretary Principal office 353 West Fourth Street Cincinnati Ohio I H Haas Atlanta Ga Attorney for Service in Georgia icapital stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year 25301374 73 Extended at25301374 73 IIINCOME DURING YEAR 1901 1 Cash received for premiums on new policies without deductions for commissions or other expenses 999026 19 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 4193369 31 3 From dividends applied to pay running premiums 115004 83 3J From dividends applied to purchase paidup additions and annuities 50782 02 4 From surrender values ap plied to pay running pre miums 5918 44 4J From surrender values ap plied to purchase paidup insurance and annuities 120946 53 5 Consideration for annuities other than matured in stallment policies 20945 50 Total 5506592 82 23 in354 COMPTROLLERGENERALS REPORT 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 3186468 renewals 11311221 144976 80 7 Total premium income 5361615 93 8 Cash recieved for interest on mortgage loans 1320504 16 9 Cash received for interest on bonds owned and dividends on stock 3278 50 10 Cash received for interest on premium notes loans or liens 7445 97 11 Cash received for interest on other debts due the company 206305 07 13 Cash received for rents for use of com panys property including 500000 for companys own occupancy 25428 81 14 Cash received for profits on sales of bonds or stocks real estate 5630 56 all other 5630 56 Total income 6997609 00 Total 32298983 73 IIIDISBURSEMENTS DURING YEAR 1901 1 Cash paid for death claims including revisionary ad ditions 1167761 78 3 Cash paid for matured en dowments and additions thereto 392436 71 5 Cash paid for sums falling due during the year on in stallment policies 5110 49 Total 1565308 98 6 Deduct amount received from other companies for losses or claims on policies of this company reinsuredCOMPTROLLERGENERALS REPORT 355 of which is for ma tured endowments 80000 00 7 Total net amount actually paid for losses and matured endowments 1485308 98 8 Cash paid to annuitants 19410 83 9 Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 15755316 157553 16 10 Cash dividends paid policyholders 137182 29 11 Cash dividends applied to pay running premiums 115604 83 12 Cash dividends applied to purchase paid up additions and annuities 50782 02 13 Surrender values paid in cash 136719 05 14 Surrender values applied to pay running premiums 5 918 44 15 Surrender values applied to purchase paid up insurance and annuities 120946 53 Total paid policyholders 222942613 16 Cash paid stockholders for interest or dividends 10000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 50144093 renewals 268 24413 on annuities 108240 770767 46 18 Cash paid for salaries and allowances to managers and agents 45307 80 19 Cash paid for medical examiners fees 5660625 inspection of risks 56606 25 20 Cash paid for salaries and all other com pensation of officers and other home office employees 141285 60 21 Cash paid for taxes on new premiums and on renewals 7939276 79392 76 22 Cash paid for taxes on reserves 130656 on investments 128911 2 595 67 23 Cash paid for insurance department fees and agents licenses and municipal licenses 1478508 14785 08 24 Cash paid for rent including 500000 companys occupancy 30848 74356 25 26 28 29 30 81 6 8 10 11 COMPTROLLERGENERALS REPORT Cash paid for taxes on real estate 9333 92 Cash paid for furniture fixtures and safes for home and agency offices 2191 91 Cash paid for advertising 722681 print ing 2769155 postage 832208 43240 44 Cash paid for real estate expenses other than taxes 640811 for legal expenses 1421809 20626 20 Cash paid for the following items viz Accounts charged to profit and loss 2479 85 General expense 4063131 traveling ex pense 1248946 mortgage investment expense 17139494 224515 71 Total miscellous expenses 145397739 Total disbursements 3683403 52 Balance 28615580 21 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Book value of real estate exclusive of all incumbrances 292590 97 Loans on mortgage first liens on real estate 23276577 06 Loans made in cash to policyholders on this companys policies assigned as col lateral 2727703 26 Premium notes loans or liens on policies in force of which 22693709 was re ceived during the year 1135326 82 Book value of bonds and stocks owned excluding accruded interest at time of purchase 397575 11 Cash in companys office 388 13 Cash deposited in banks 612545 09 Bills receivable 22 Wl 43 Agents ledger balances 150471 74 Total net or ledger assets as per balance above 286155S0 21COMPTROLLERGENERALS REPORT 357 13 Total net or ledger assets less depre ciation 28615580 21 14 15 16 17 19 21 23 24 25 26 OTHER ASSETS Interest due 5603047 and accrued 709 58213 on mortgages 765612 60 Interest due and accrued f689250 on bonds and stocks 6892 50 Interest due 752201 and accrued 100 15446 on collateral loans 107676 47 Interest due and accrued 3155562 on premium notes loans or liens 31555 62 Rents due and accrued 278920 2789 20 Total carried out Market value of bonds and stocks over book as per schedule New Business 914526 39 15000 00 Renewals Gross premiums due and un reported on policies in force December 811901 353979 82 166223 89 Gross deferred premiums on policies in force December 311901 16658 32 86593 98 Totals 370638 14 252817 87 Deducting cost of collection 45 per cent on new and 6 per cent on renewals 166787 16 15169 07 Net amount of uncollected and deferred premiums 203850 98 237648 80 Extended 441499 78 Gross single premiums uncollected 991290 deduct cost of collection 5 per cent 49564 9417 26 28 3 5 Total assets as per the books of the company 29996023 64 ITEMS NOT ADMITTED Commissions payable to agents on pre mium notes when paid 154305 93 Agents balances debit 176521 59358 COMPTROLLERGENERALS REPORT 7 Bills receivable 22401 43 8 Depreciation in ledger assets to bring same to market value real estate 29259 10 Total 382488 05 9 Total assets less items not admitted 29613535 59 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31stday of Decem ber 1901 computed according to the actuaries table of mortality with four per cent interest 25399471 00 Deduct net value of risks of this company reinsured in other solvent companies 229249 00 Net reinsurance reserve 25170222 00 3 Death losses which have been reported and no proofs received net 59012 00 4 Claims for matured endowments due and unpaid 400 00 5 Claims for death losses in process of ad justment or adjusted and not due 12000 00 6 Claims for death losses and other policy claims resisted by the company 61000 00 8 Present value of unpaid amounts on ma tured installment policies face 113 90000 74925 00 Total policy claims 207337 00 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 7253 14 16 Amount of any other liability of the company viz pre miums paid in advance 83113 32 17 Liabilities on policyholders account 25467925 46 18 Gross surplus on policyholders account 4145610 13 19 Total liabilities 29613535 59 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand December 31 of previous year 1046693 98COMPTROLLERGENERALS REPORT 359 14593 23 157553 16 2490 79 2 Premium notes loans or liens received during the year on new policies 413 56383 on old policies 150929441 1922858 24 Total 2969552 22 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 policyholders Amount of notes loans or liens redeemed by maker in cash 1659588 22 Total reduction of premium note account 1 834225 40 Balance note assets at end of the year 1135326 82 Business in Georgia During 1901 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 1423 2883663 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 758 1216842 00 Total 2181 4100505 00 Deduct number and amount which have ceased to be in force during the year 269 453802 00 Total number and amount of policies in force in Georgia December 31 1901 1912 3646703 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 4 17000 00 Amount of losses and claims on policies in Georgia incurred during the year 17 25395 74 Total 21 42395 74 Amount of losses and claims on policies in Georgia paid during the year 18 27395 74 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses360 COMPTROLLERGENERALS REPORT dividends commissions or other expenses Answer Cash notes or credits total 10293829 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 3888258 00 Premiums 125103 24 Losses 25000 00 Tax 1251 03 UNITED STATES LIFE INSURANCE COMPANY OF NEW YORK NY George H Burpord President A Wheelwright Secretary Principal office 273 275 and 277 Broadway New York W E Hawkins Atlanta Ga Attorney for Service in Georgia icapital stock 1 Amount of capital stock author ized 440000 00 Subscribed for 440000 00 2 Amount of capital in cash 440000 00 Amount of net ledger assets Dec 31 of pre vious year 7827952 47 Extended at 7827952 47 IIINCOME DURING YEAR As shown by the books at home office at close of business December 81st 1 First years premiums less in terest included in deferred pre miums I and 10250 for first years reinsurance 219405 76 2 Renewal premiums less interest included in deferred premiums 252128 and 759636 for re newal reinsurance 1030914 36 4 Dividends applied by policyhold ers to pay running premiums 1st year premiums 222709 renewals 31251 2539 60COMPTROLLERGENERALS REPORT 361 5 Dividends applied by policyhold ers to purchase paidup addi tions and annuities 2848 00 5 Surrender values applied to pay running premiums 1st year premiums 19752 renewals SJ31087 508 39 7 Surrender values applied to pur chase paidup insurance and annuities 26K97 46 8 Consideration for annuities oth er than matured installment policies 37525 00 9 Total premium income1320438 57 10 Rents from companys property including none for companys use of own buildings 43438 17 11 Interest on loans on mortgages of real estate 248203 75 12 Interest on collateral loans in cluding premium notes loans or liens 35143 07 13 Interest on bonds and dividends on stock 76392 37 14 Interest on other debts due the company and on deposits in banks 2816 57 15 Interest on deferred premiums 2521 28 16 Total rents and interest 408515 21 17 Profit on sale or maturity of securities 1687 65 19 From other sources viz Profit and loss fire insurance return premium 120 00 Total income during the year 1730761 43 Sum of both amounts 9558713 90 IIIDIBBURSHMENTS DURING YEAR As shown by the books at home office at close of business December 31st 1 For death claims 61318076 ad ditions 704216620222 92362 COMPTROLLERGENERALS REPORT Matured endowments 12500100 additions 156091 126561 91 Installment death claims 12926 33 Total 759711 16 10 11 12 13 14 15 17 19 20 21 22 Total net amount actually paid for losses and matured endowments 759711 16 Paid to annuitants 19960 90 Premium notes voided by lapse less 50250 restored by revival 24698 06 Dividends paid policyholders less 28 re ceived for dividends on reinsurances 72036 90 Dividends applied by policyholders to pay running premiums 2539 60 Dividends applied by policyholders to pur chase paidup additions and annuities 2848 CO Surrender values paid less 77962 received on surrendered reinsurances 132368 45 Surrender values applied to pay running pre miums 508 39 Surrender values applied to purchase paidup insurance and annuities 26697 46 Total paid to policyholders 104136892 Paid stockholders for interest 30800 00 Commissions and bonuses to agents less commission received on reinsurances new policies 14576624 renewal policies 6993050 on annuities 175805 217454 79 Salaries and allowances for agencies includ ing managers agents and clerks 84677 86 Salaries and all other compensation officers 38275 home office employees 3106070 69335 70 Medical examinersfees 22210 99 Taxes on new premiums 237918 renewal premiums 858638 on reserves 145406 municipal licenses 67590 internal reve nue 172023 H815 75 Taxes on real estate 10196 19 Insurance department fees and agents li censes 6871 06COMPTROLLERGENERALS REPORT 36a 23 Repairs and expenses other than taxes on real estate 16888 33 24 Rent including none for companys use of own buildings 32604 14 25 Advertising 1911874 printing and station ery 516887 postage etc 792051 32208 12 26 Legal expenses 1317351 furniture etc 1093457 24108 08 28 All other items viz Directors fees 5040 traveling expenses 84390 5883 90 Total miscellaneous expenses 56805491 Total disbursements 1609423 83 Balance 7949290 07 IVLEDGER ASSETS 5ls per ledger accounts shown by the books at home office at close of business December 31st 1 Book value real estate unincumbered 642652 18 2 Mortgage loans on real estate4944130 00 3 Loans secured by pledge of bonds stocks or other collateral 8345 58 4 Loans made to policyholders on this compa nys policies assigned as collateral 415S31 38 5 Premium notes or liens on policies in force of which 14558 is for first years pre miums 148347 34 6 Book value bonds excluding interest 1534 13920 stocks 13236562 1666504 82 7 Cash in companys office 125702 deposited in bank N Y State Banking Co Syra cuse N Y 500 Importers Traders Natl Bank NY 10986466 11036466 111621 68 8 Bills receivable 3530 agents debit bal ances 832709 secured 11857 09 Total7949290 07 Total net leger assets as per balance above 7949290 07364 COMPTROLLERGENERALS REPORT NONLEDGER ASSETS 10 Interest due 350120 and accrued 46 13329 on mortgages 49634 49 11 Interest accrued on bonds and stocks 20702 55 12 Interest accrued on collateral loans 335 74 13 Interest due 497698 and accrued 16 22386 on premium notes loans or liens 21200 84 14 Interest accrued on other assets 291 68 92165 30 16 Market value of real estate over book value 22747 82 17 Market value not including interest of bonds and stocks over book value 216959 33 239707 15 New Business Renewals 18 Gross premiums not more than three months due after period of grace unreported on outstand ing policies in force Dec 3161926 85 124130 95 19 Gross deferred premiums on out standing policies in force Dec 31 52524 02 20 Totals61926 85 176654 97 21 Deduct cost of collection 50 per cent on new 6 per cent on renewals 30963 42 10221 44 22 Net amount of uncollected and de ferred premiums30963 43 166433 53 197396 96 Gross assets 8478559 48 VNONLEDGER LIABILITIES As shown by the books at home office at close of business December 31st 1901 1 Net present value of all the outstanding poli cies in force Dec 31st 1901 as computed by the company according to the Actua ries Table of Mortality with 4 per cent interest7480472 On Same for reversionary additions 105839 00 Same for annuities including those in reduction of premiums 191159 00 Tota7777470 00COMPTROLLERGENERALS REPORT 365 Deduct net value of risks of this company reinsured in other solvent companies 54677 00 Net reserve 7722793 00 2 Present value of amounts not yet due on matured install ment policies face 45000 29195 00 3 Matured endowments due and unpaid 1427 00 5 Death losses in process of adjustment or ad justed and not due 12953 33 6 Death losses which have been reported and no proof received 65845 00 7 Death losses and other policy claims resisted by the company not yet outlawed 3500 00 Gross policy claims 83725 33 Net police claims 83725 33 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 5313 00 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or ac crued 2198 66 12 Premiums paid in advance 3546 26 13 Surrender values claimable on policies cancelled whose reserves are not included in item 1 2144 00 14 Any other liability viz Cost of collection of part pre mium notes 10919 00 Liabilities on policyholders account 7859834 25 Gross divisible surplus178725 23 Capital stock paid up 440000 00 618725 23 Total 8478559 48 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand Dec 31 of previous year557762 53 2 Premium notes loans or liens received during the year on new policies 31769 on old poli cies 23562992 267398 92 Total 825663 95366 COMPTROLLERGENERALS REPORT Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 24263 63 Amount of notes loans or liens used in pur chase of surrendered policies 25020 69 Amount of notes loans or liens voided by lapse 2520056 part premium notes can celled 12252 37452 56 Amount of notes loans or liens used in pay ment of dividends to policyholders 1400 40 Amount of notes loans or liens redeemed by maker in cash 173347 95 Total reduction of premium note account 261485 23 Balance note assets at end of the year 564178 72 Business in Georgia During 1901 No Amount Number and amount of policies on tbe lives of citi zens of Georgia in force December 31 of previous year 401 1087720 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 188 340775 00 Total 589 1428495 00 Deduct number and amount which have ceased to be in force during the year 122 330440 00 Total number and amount of policies in force in Georgia December 31 1901 467 1098055 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year l 3000 00 Amount of losses and claims on policies in Georgia incurred during the year 8 27000 00 Total 9 30000 00 Amount of losses and claims on policies in Georgia paid during the year 9 30000 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 3139910 COMPTROLLERGENERALS REPORT 367 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Insurance in force 1032055 00 Premiums 30010 54 Losses 25500 00 Tax 300 10 WASHINGTON LIFE INSURANCE COMPANY NEW YORK N Y W A Brewer Jr President Graham H Brewer Secretary Principal office 141 Broadway New York Thos Peters Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 25000 00 Amount of net or ledger assets December 31 of previous year 15512101 41 Extended at 15512101 41 IIINCOME DURING YEAR 1901 1 Cash received for premiums 0n new policies without deduc tions for commissions or other expenses 424893 23 1J Cash received for renewal pre miums without deductions for commissions or other ex penses 1813077 36 3 From dividends applied to pay running premiums 6880138 h From dividends applied to pur chase paidup additions and annuities 114867 00 4J From surrender values applied to purchase paidup insur ance and annuities 82655 70 5 Consideration for annuities other than matured install ment policies 25094 13 Total 2529448 80368 7 8 9 11 12 13 14 COMPTROLLERGENERALS REPORT Total premium income 2529448 80 Cash received for interest on mortgage loans 387707 79 Cash received for interest on honds owned and dividends on stock 13361 18 Cash received for interest on other debts due the company 84350 38 Cash received as discount on claims paid in advance 5645 21 Cash received for rents for use of companys property including 5000000 for com panys own occupancy 315590 32 Cash received for profits on sales of bonds or stocks 220416 real estate 256686 4771 02 Total income 3340874 70 Total 18852976 11 IIIDISBURSEMENTS DURING YEAR 1901 Cash paid for death claims in cluding revisionary addi tions 1075202 07 Cash paid for matured endow ments and additions there to 694305 08 Total 1769507 15 Total net amount actually paid for losses and matured endowments 1769507 15 11 12 13 15 16 17 Cash paid to annuitants Return premiums 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 purchase paid up insurance and annuities Total paid policyholders 218960396 Cash paid stockholders for interest or divi dends Cash paid for commissions and bonuses to 32500 03 2018 01 68861 38 114867 00 118588 69 82655 70 8750 0018 19 20 21 22 23 24 25 26 27 28 29 30 31 COMPTROLLERGENERALS REPORT 369 agents less commission on reinsurance new policies 24113184 renewals 116 10771 357239 55 Cash paid for salaries and allowances to man agers and agents 135056 11 Cash paid for medical examiners fees 40 60496 inspection of risks 1835958 58964 54 Cash paid for salaries and all other compen sation of officers and other home office employees 117323 34 Cash paid for taxes on premiums 18599 79 Cash paid for taxes on reserves 265663 franchise 10954 int rev 347832 6244 49 Cash paid for insurance department fees and agents licenses 538756 municipal li cense 811111 13498 67 Cash paid for rent including 50000 00 com panys occupancy 73676 20 Cash paid for commuting commissions 26897 84 Keal estate tax 66869 11 Cash paid for advertising 1000197 print ing 1001234 exchange and postage 1040916 30423 47 Cash paid for real estate expenses other than taxes 116428 98 for legal expenses 2 10400 118532 98 Cash paid for the following items viz In terest 344207 office expenses 18 47142 21913 49 p L 24245 51 Total misceUaneons expenses107823509 Total disbursements 3267839 05 Balance 15585137 06 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Ccst value of real estate exclusive of all en cumbrances 5885270 46 Loans on mortgage first liens on real estate 7404400 00 24 in370 COMPTROLLERGENERALS REPORT 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 G 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 10 Agents ledger balances Office furniture 250000 00 1176477 08 543139 33 42048 65 256992 21 17923 31 8886 02 11 Total net or lefger assets as per balance above 15585137 06 13 Total net or ledger assets less depreciation OTHER ASSETS 14 Interest due 1973817 and accrued 56 76156 on mortgages 15 Interest due and accrued 239584 on bonds and stocks 16 Interest due 855210 and accrued 1697908 on collateral loans 19 Rents due 44534 and accrued 1140750 on companys property or lease 76499 73 2395 84 25531 18 11852 84 15585137 06 Total carried out 20 Market value of real estate over cost 116279 59 272388 47 23 Gross premiums due and un reported on policies in force December 31 1901 24 Gross deferred premiums on policies in force December 31 1901 Totals 25 Deducting cost of collection 568 percent on new and 62 per cent on renewals 26 Net amount of uncollected and deferred premiums New Busness Renewals 71555 40 41709 11 42622 31 181887 61 114177 71 223596 72 64852 94 13 863 00 4t324 77 209733 72COMPTROLLERGENERALS REPORT 37I Extended 259058 49 28 Total assets as per the books of the company 16232863 61 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 8886 02 5 Agents balances 17923 31 8 Supplies printed matter and stationery de preciation in value of bonds owned 5621 25 Total 32430 58 9 Total assets less items not admitted 16200433 03 VLIABILITIES 1 Net present value of all outstanding policies in force on the 31st day of December 1901 computed according to the Actuaries Ta ble of Mortality with four per cent interests 15503090 00 Net reinsurance reserve 15503090 00 4 Claims for matured endowments due and unpaid 4904 94 5 Claims for death losses in process of adjust ment 31037 00 6 Claims for death losses reported only 69444 60 Total policy claims 105386 54 16 Amount of any other liability of the company viz Pre miums paid in advance 8550 21 17 Liabilities on policyholders account 15617026 75 18 Gross surplus on policyholders account 583406 28 19 Total liabilities 16200433 03 Business in Georgia During 1901 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 594 939470 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 108 223500 00 Total 702 1162970 00 Deduct number and amount which have ceased to be in force during the year 160 268576 00372 COMPTROLLERGENERALS REPORT Total number and amount of policies in force in Georgia December 31 1901 542 894394 00 Amount of losses and claims on policies in Georgia in curred during the year 2 1833 00 Total 2 1833 00 Amount of losses and claims on policies in Georgia paid during the year 2 1833 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 3234778 notes or cred its total 32347 78 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Insurance in force 931022 00 Premiums 29660 75 Losses 6006 10 Tax 296 60 AMERICAN ASSURANCE ASSOCIATION ATLANTA GA E P Burns Secretary Principal office 607 Gould Building Atlanta Ga E P Burns Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR 1901 Gross amount paid by members to the Association or its agents without deductions for commissions or other ex penses as follows 1 Membership fees 275 27 3 Weekly Assessments 2304 40 Total paid by members 2579 67 7 Cash received from all other sources 1717 45 Total 4297 12 Total income 4297 12 IIIDISBURSEMENTS DURING YEAR 1901 I Losses and claims 520 28COMPTROLLERGENERALS REPORT 373 2 Annual payments and assessments returned to members 8 50 Total paid to members 528 78 3 Commissions and fees retained by or paid to agents 2234 55 6 Medical examiners fees whether paid direct by members or otherwise 480 00 7 Salaries and other compensation of office em ployees 124 00 8 Rent 8000 commuted commissions 3087 110 87 10 Blanks and printing 138 45 11 All other items viz Charter license etc 86 00 Advance cash returned 295 75 Total expenses footings of items 3 to 11 1346962 Total disbursements 3998 50 Balance 298 62 VCONTINGENT ASSETS 19 Annual payments or premiums due and un paid on memberships in force 174 60 20 Annual weekly payments or premiums in pro cess of collection not yet due 8199 36 21 Total due from members 8373 96 22 Deduct estimated cost of collection 1675 79 23 Net amount due from members 6678 17 Total 6976 79 VILIABILITIES 8 To officets or others for advances on account of expenses of organization 1488 73 Total 1488 73 VIIEXHIBIT OF CERTIFICATES OH POLICIES No Amount Policies or certificates written during the year 1901 3219 Total 3219 125538 00374 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during 1901 1467 Total policies or certificates in force December 31 1901 1752 Losses and claims on policies or certificates incur red duriug the year 1901 165 Total 165 Business in Georgia During 1901 No Policies or certificates written during the year 1901 3219 Total 3219 Deduct number and amount which have ceased to be in force during 1901 1467 Total policies in force December 31 1901 1752 Losses and claims on policies or certificates incurred during the year 1901 165 Total 165 Losses and claims on policies or certificates paid during the year 1901 165 60198 00 65340 00 520 28 520 28 Amount 125538 00 00198 00 65340 00 520 28 520 28 520 28 EMPIRE MUTUAL ANNUITY AND LIFE INSURANCE COMPANY OF ATLANTA GA G H Tanner President Wm W Reid Secretary Principal office 337 and 339 Equitable Building Atlanta Ga G H Tanner 337 Equitable Building Atlanta Ga Attorney for Service in Georgia IIINCOME DURING YEAR 1901 Gross amount paid by members to the Associa tion or its agents without deductions for commissions or other expenses as follows 1 First years premiums 31515 18 Total paid by members 31515 18 5 Interest 20 24COMPTROLLERGENERALS REPORT 375 7 Cash received from all other sources viz Other payments by members 35376 50 Total 35396 74 Total income 66911 92 IIIDISBURSEMENTS DURING YEAR 1901 1 Losses and claims 300 00 Total paid to members 300 00 3 Commissions and fees retained by or paid to agents 10416 06 5 Salaries and traveling expenses of managers of agencies and general special and local agents 2456 89 6 Medical examiners fees whether paid direct by members or otherwise 920 00 7 Salaries and other compensation of officers and other office employees 1816 84 8 Rent 63700 taxes 15771 794 71 9 Advanced to agents to be repaid out of future commissions 1301 69 10 Advertising 34953 blanks and printing 81999 1169 52 11 All other items viz Legal fees 13125 Revenue and postage stamps 38878 li censes and fees 33000 office expense 28673 1136 76 Total 20012 47 Total expenses footing of items 3 to 11 2001247 Total disbursements 20312 47 Balance 46599 45 Invested as follows IVINVESTED ASSETS 5 Cost value of bonds and stocks owned abso lutely 5437 50 6 Cash in office and banks 2499 51 Advance reserve fund 6reated by the deposit of securities for the purpose of guaranteeing any376 COMPTROLLERGENERALS REPORT installments of death claims accruing prior to July 2d 1902 25000 00 32937 01 8 Agents ledger balances 9633 57 9 All other ledger assets viz Premium notes on policies in force 3137 37 Office furniture 89150 13662 44 10 Total net or ledger assets 46599 45 VCONTINGENT ASSETS 12 Interest due 3847 and accrued 2359 62 06 Total assets 46661 51 VILIABILITIES 8 To officers or others for advances on account of expenses of organization 4939 00 9 Amount of all other liability viz Reserve on deposit for the protection of policyholders 30437 50 Total liabilities 35376 50 VIIEXHIBIT OF POLICIESNUMBER AND AMOUNT Total Business ot iaoi No Amount Policies written during the year 1901 336 930000 00 Total 336 930000 00 Deduct number and amount which have ceased to be in force during 1901 1 3000 00 Total policies in foree December 31 1901 335 927000 00 Losses and claims on policies incurred during the year 1901 1 300 annuity Total 1 300 annuity Losses and claims on policies paid during the year 1901 300 Business in Georgia During 1901 Policies written during the year 1901 336 930000 00 Total 336 930000 00COMPTROLLERGENERALS REPORT 377 Deduct number and amount which have ceased to be in force during 1901 1 3000 00 Total policies in force December 31 1901 335 927000 00 Losses and claims on policies incurred during the year 1901 1 300 annuity Total 1 300 annuity Losses and claims on policies paid during the year 1901 1 300 GEORGIA MUTUAL LIFE AND ANNUITY INSURANCE COMPANY J L Bass President Chas R Porter Secretary Principal Office Rome Ga Judge Joel Bkanham Attorney for Service in Georgia IIINCOME DURING YEAR 1901 Gross amount paid by members to the company or its agents without deductions for commissions or other expenses as follows Being for premiums on policies issued 19161 87 1 Membership fees 400 00 5 Interest 94 43 7 Cash received from all other sources viz From directors 5500 00 P Total 25156 30 IIIDISBURSEMENTS DURING YEAR 1901 1 Losses and claims 100 00 3 Commissions and fees retained by or paid to agentsif 9840 53 5 Salaries and traveling expenses of man agers of agencies and general special and local agents 646 41 6 Medical examiners fees whether paid di rect by members or otherwise 889 00 7 Salaries and other compensation of officers and other office employees 496 00 8 Rent 17500 taxes 9100 266 00 378 COMPTROLLERGENERALS REPORT 10 Advertising blanks and printing 465 97 12603 91 Total 12603 91 Total disbursements 12703 91 12452 39 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned ab7 Cash deposited in banks In First National Bank of Rome Ga 117 12 12452 39 All other depositscash in office 169 29 8 Agents ledger balances 5323 59 Office furniture 22715 live stock 23761 bills receivable 12029 884 95 9 All other ledger assets viz Open accounts 231 32 1116 27 Less accounts we owe 323 88 792 39 Total net or ledger assets less depreciation VCONTINGENT ASSETS Total assets 12452 39 VILIABILITIES 8 To officers or others for advances on account of expenses of organization 450 00 5450 00 6552 39 9 Amount of all other liability viz On reserve for protection of policyholders Total liabilities 12452 39 COMPTROLLERGENERALS REPORT 379 Business in Georgia During 1901 No Amount Policies or certificates iu force December 31 1901 237 478750 00 Total 260 Deduct number and amount which ceased to be in force during 1901 23 Total policies in force December 31 1901 237 Losses and claims on policies or certificates incurred during the year 1901 1 100 00 Losses and claims on policies or certificates paid dur ing the year 1901 1 100 00 GEORGIA SICK AND ACCIDENT BENEFIT ASSOCIATION J Covixgton President C A Camp Secretary Principal office 71416 Temple Court Cor Pryor and Alabama Sts Atlanta J Covington 716 Temple Court Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 1222 35 IIINCOME DUBING YEAR 1901 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 790 05 2 Weekly assessments 14982 05 Total paid by members 15772 10 Total income 15772 10 Total 16994 45 IIIDISBUBSEMENTS DURING YEAR 1901 1 Losses and claims 3692 05 2 Annual payments and assessments returned to members 26 50 Total paid to members 3718 55 3 Commissions and fees retained by or paid to agents 6988 40 4 Commissions and fees retained by or paid to officers and directors 100 00 5 Salaries and traveling expenses of managers of agencies and general special and local agents 459 30 7 Salaries and other compensation of officers and other office employees 2400 00 S Rent 36520 taxes 23699 602 19380 COMPTROLLERGENERALS REPORi 11 All other items viz Paid Empire Aid AssoOffice furniture 5580 attorneys fees 5000 357 20 900 00 10580 Total Total expenses footings of items 3 to 11 11912 89 15631 44 15631 44 1363 01 IVINVESTED ASSETS 4 Loans made in cash to members on this companys certificates assigned as collateral 6 Cash in office 515 35 337 3S 1363 01 Total 852 73 510 28 All other deposits MaddoxRucker Banking Co Total 8 Agents ledger balances 1363 01 316 30 Total 10 Total net or ledger assets1363 01 Total net or ledger assets less depreciation 1679 31 VCONTINGENT ASSETS 19 Weekly payments or premiums due and un20 Weekly payments or premiums in process of 467 70 24320 40 20405 48 22 Deduct estimated cost of collection 20 per 24788 10 4957 62 23 Net amount due from members 24 All other assets viz Office furniture 1350 stationery 22500 Total Total assets 19830 48 575 00 21768 49 VILIABILITIES 38 50 38 50 VIIEXHIBIT OP CERTIFICATES OR POLICIES Policies or certificates in force December 31 1900 No 2480 Amount 49600 00 COMPTROLLERGENERALS REPORT 381 Policies or certificates written during the year 1901 all in Georgia5084 101680 00 Total7564 151280 00 Deduct number and amount which have ceased to be in force during 19012864 57280 00 Total policies or certificates in force Decem ber 31 19014700 94000 00 Losses and claims on policies or certificates incurred during the year 19011518 3692 05 Total1518 3692 05 Losses and claims on policies or certificates paid dur ing the year 1901 1518 3692 05 Business in Georgia During 1901 No Amount Policies or certificates in force December 31 1901 2480 49600 00 Policies or certificates written during the year 1901 5084 101680 00 Total7564 151280 00 Deduct number and amount which have ceased to be in force during 19012864 57280 00 Total policies in force Dec 31 19014700 94000 00 Losses and claims on policies or certificates incurred during the year 1901 1518 3692 05 Total1518 3692 05 Losses and claims on policies or certificates paid dur ing the year 19011518 3692 05 GEORGIA COOPERATIVE FIRE ASSOCIATION N B Baxisy President Edward A Smith Secretary Principal office Cor Broad Mclntosh Sts Augusta Ga F L M McElmurray 811 Broad St Attorney for Service in Georgia IIINCOME DURING YEAR 1901 Gross amount paid by members to the Association or its agents without deductions for com missions or other expenses as follows 1 Membership fees Class A 825 00 3 Assessments Class B 820 15 Total paid by members 1645 15 7 Cash received from all other sources 6 51 Total income 1651 66 IIIDISBURSEMENTS DURING YEAR 1901 2 Annual payments and assessments returned to members 25 00382 COMPTROLLERGENERALS REPORT 7 Salaries and other compensation of officers and other office employees 1008 83 8 Rent 45 00 taxes 4760 92 60 10 Advertising 1500 blanks and printing 9655 115 55 11 All other items viz Charter office furniture and stationery 191 71 Total disbursements 1433 69 Balance 217 97 IVINVESTED ASSETS 7 Cash deposited in banks on reserve fund ac count Commercial Bank of Augusta 217 97 9 All other ledger assets viz Charter safe office furniture etc 254 00 Total net or ledger assets less depreciation 471 97 VCONTINGENT ASSETS 19 Annual payments or premiums due and un paid on memberships in force 188 00 20 Annual payments or premiums in process of collection not yet due 4063 80 21 Total due from members 4251 80 22 Deduct estimated cost of collection 626 52 23 Net amount due from members 3625 68 3625 68 Total assets 4097 65 Business in Georgia during 1901 No Amount Policies or certificates written during the year 1901 1175 122 15 Total 1175 122 15 Deduct number and amount which have ceased to be in force during 1901 424 44 00 Total policies in force December 311901 751 78 15 GEORGIA RELIEF ASSOCIATION Forest L Cosby President Wm J Tidd Secretary Principal Office 12091 Broad Street Columbus Ga IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING THE YEAR 1901 350 31 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as followsCOMPTROLLERGENERALS REPORT 1 Membership fees 121 75 2 Annual dues 1847 20 Total paid by members 1968 95 Total income 2319 26 Total 2319 26 IIIDISBURSEMENTS DURING THE YEAR 1901 1 Losses and claims 490 10 Total paid to members 490 10 3 Commissions and fees retained by or paid toagents 66115 7 Salaries and other compensation of officers and other office employees 594 32 8 Rent 5300 taxes 11500 10 Advertising J900 blanks and printing 1575 11 All other items viz Paid 4900 State license for agents and 3103 for feed of horse and fuel Total expenses footings of items 3 to 11 17338 173 38 Total disbursements 1918 95 1918 95 Balance 400 31 IVINVESTED ASSETS 6 Cash in office and in hands of President and Secretary and Treasurer 400 31 8 Agents ledger balances 00 12 9 All other ledger assets viz Personal prop erty 60 00 Total net or ledger assets less depreciation 1360 43 VCONTINGENT ASSETS 21 Total due from members 900 12 22 Deduct estimated cost of collection 180 02 23 Net amount due from members 720 10 24 All other assets viz Personal property 00 00 Total assets 780 10 780 10 VILIABILITIES 9 Amount of all other liability viz Total amount of in surance outstanding Fifty dollars greatest amount written by this company Total liabilities 15175 00384 COMPTROLLERGENERALS REPORT VIIEXHIBIT OF CERTIFICATES OR POLICIES No Amount Policies or certificates in force December 31 1901 607 15175 00 Policies or certificates written during year 1901 929 23225 00 Total 929 23225 00 Deduct number and amount which have ceased to be in force during 1901 3228050 00 Total policies or certificates in force Dec 31 1901 007 15175 00 Losses and claims on policies or certificates incurred during the year 1901 176490 10 Total 176 490 10 Losses and claims on policies or certificates paid during the year 1901 176 490 10 Business in Georgia During 1901 No Amount Policies or certificates in force December 311901 607 15175 00 Policies or certificates written during the year 1901 92923225 00 Total 929 23225 00 Deduct number and amount which have ceased to be in force during 1901 3228050 00 Total policies in force December 811901 607 15175 00 Losses and claims on policies or certificates incurred during the year 1901 176490 10 Total 176 490 10 Losses and claims on policies or certificates paid during the year 1901 176 490 10 No policy written by this company for more than 50 00 HOME FRIENDLY SOCIETY OF BALTIMORE George A Chase President B L Talley Secretary Principal Office 100 W Fayette Street Baltimore Md George L DeGant 8 Forsyth St Attorney for Service in Georgia ibalance sheet Amount of net ledger assets December 31st of previous year 5090 80 IIINCOME DURING YEAR 1901 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 1239 52 3 Assessments 256168 59 4 For medical examiners fees stationery and duplicates 290 72 Total paid by members 257098 83 COMPTROLLERGENERALS REPORT 385 5 Interest 157 50 6 Rents 4213 54 7 Cash received from all other sources viz Advances returned by agents 642 88 Total income 262712 75 Total 313643 55 IIIDISBURSEMENTS DURING YEAR 1901 1 Losses and claims 128907 06 2 Annual payments and assessments returned to members 606 50 Total paid to members 129513 56 3 Commissions and fees retained by or paid to agents 7182 37 5 Salaries and traveling expenses of managers of agencies and general special and local agents 23722 94 6 Medical examiners fees whether paid direct by members or otherwise 2638 00 7 Salaries and other compensation of officers and other office employees 25115 71 8 Rent 326730 taxes 237157 total 5638 87 9 Advance to officers and agents to be repaid out of future salaries or commissions 1182 54 10 Advertising blanks and printing 3941 28 11 All other items viz Bills payable 1 45000 building expenses 315545 in terest and discount 78965 postage 44120 attorney fees 14150 furniture 71666 war tax 98612 expense ac count 220791 total 9888 49 Total disbursements 273323 76 Balance 40319 79 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 29923 89 5 Cost value of bonds and stocks owned abso lutely 5327 50 6 Cash in office 1878 29 All other deposits Old Town Bank 74882 Commonwealth Bank 1626 total 1765 08 On deposit at agencies 1425 03 10 Total net or ledger assets 40319 79 Total net or ledger assets less depreciation 40 319 79 25 in386 COMPTROLLERGENERALS REPORT VCONTINGENT ASSETS 12 Interest due 13 Rents due 14 Market value of real eBtate over cost 15 Market value of bonds and stocks over cost 17 Mortuary assessments due and unpaid on memberships in force 157 50 180 00 14486 11 197 50 21 Total due from members 22 Deduct estimated cost of collection 5237 82 5237 82 799 12 23 Net amount due from members Total assets 4438 70 VILIABILITIES 1 Losses due and unpaid number of claims 2 2 Losses in process of adjustment or adjusted and not due number claims 1 7 Borrowtd money including interest due or accrued Total liabilities VIIEXHIBIT OP CERTIFICATES OR POLICIES No Policies or certificates in force December 31 1900 53776 Policies or certificates written during the year 1901 35362 59779 60 Total 89138 Deduct number and amount which have ceased to be in force during 1901 29484 2000 00 1000 00 3680 00 6680 00 Amount 3886020 00 2475340 00 6361360 00 2088480 00 Total policies or certificates in force December 31 1901 59654 Losses and claims on policies or certificates unpaid December 31 1900 4 Losses ami claims on policies or certificates incurred during the year 1901 19060 4272880 00 4000 00 127907 06 r Total 19064 Losses and claims on policies or certificates paid during the year 1901 19061 Business in Georgia During 1901 No Policies or certificates in force December 311900 2439 Policies or certificates written during year 1901 1236 131907 06 128907 06 Amount 170730 00 86520 00 Total 3675 Deduct number and amount which have ceased to be in force during 1901 957 257250 00 66990 00 Total policies in force December 31 1901 2718 Losses and claims on poicies or certificates incurred during the year 1901 1518 190260 00 7200 64 Total 1518 Losses and claims on policies or cersificates paid during the year 1901 1517 7200 64 6200 64COMPTROLLERGENERALS REPORT 387 INDUSTRIAL AID ASSOCIATION OF ATLANTA GA J N McEachern President I M Sheffield Secretary Principal office 503510 Austell Building Atlanta Ga McElreath McElreath 717 Temple Court Atlanta Ga Attorneys for Service in Georgia ibalance sheet Amount of net or ledger assets December 31st of previ ous year 12253 76 IIINCOME DUKING YEAR 1901 Gross amount paid by members to the Association or its agents without deductions for commissions or other ex penses as follows 1 Membership fees 17771 35 2 Annual dues 133312 40 Total paid by members 151083 75 Interest 440 00 Total income 151523 75 Total 163777 51 IIIDISBURSEMENTS DURING YEAR 1901 1 Losses and claims detailed schedule filed 15666 sick for 3601345 481 deaths for 758215 43595 60 2 Annual payments and assessments returned to members 195 85 Total paid to members 43791 45 3 Commissions and fees retained by or paid to agents 67735 29 4 Commissions and fees retained by or paid to officers and directors 30216 75 5 Salaries and traveling expenses of managers of agencies and general special and local agents 938 44 6 Medical examiners fees whether paid direct by members or otherwise 84 40 7 Salaries and other compensation of officers and other office employees 2196 00 8 Rent 280865 taxes 207248 4881 13 10 Advertising 5083 blanks and printing 110859 1159 42 11 All other items viz U S revenue 47772 postage and express 58219 furniture 27737 telephone 6968 attorneys 388 COMPTROLLERGENERALS REPORT 3650 office supplies and sundries 46104 total 1904 50 Total expenses footing of items 3 to 11 10911593 Total disbursements 152907 38 Balance lc870 13 Invested as follows IV INVESTED ASSETS 2 Loans on bond and mortgage first liens on real estate 5500 00 5 Cost value of bonds and stocks owned abso lutely 1000 00 6 Cash in office 1638 27 All other deposits Third Natl Atlanta 112700 Chatham Savannah 78865 Georgia R R Augusta 36421 Rome 45200 total 2731 86 8 Agents ledger balances 2187 45 Total 13057 58 10 Total net or ledger assets 10870 13 11 Deduct depreciations from cost of assets to bring same to market value 2187 45 Total net or ledger assets less depreciation 10870 13 V CONTINGENT ASSETS 12 Interest due and accrued 36 66 15 Market value of bonds and stocks over cost 90 00 19 Annual payments or premiums due and un paid on memberships in force 2187 45 20 Annual payments or premiums in process of collection not yet due 75477 00 21 Total due from members 77664 45 22 Deduct estimated cost of collection 20 per cent 15532 89 23 Net amount due from members 6213156 24 All other assets viz Office furniture 397800 books blanks and printing 140000 total 5378 00 Total assets 78506 35 VILIABILITIES 8 To officers or others for advances on account of expenses of organization 800 00 9 Amount of all other liability 187 00 Total liabilities 987 00COMPTROLLERGENERALS REPORT 389 VIIEXHIBIT OF CERTIFICATES OB POLICIES No Amount Policies or certificates in force December 31 1900 28090 561800 00 Policies or certificates written during the year 1901 32054 641080 00 Total 60144 1202880 00 Deduct number and amount which have ceased to be in force during 1901 22218 444360 00 Total policies or certificates in force Decem ber 311901 37926 758520 00 Losses and claims on policies or certificates incurred during the year 1901 481 7582 15 Total 481 7582 15 Losses and claims on policies or certificates paid dur ing the year 1901 481 7582 15 Business in Georgia During 1901 No Amount Policies or certificates in force December 31 1900 26912 538240 00 Policies or certificates written during the year 1901 24834 496680 00 Total 51746 1034920 00 Deduct number and amount which have ceased to be in force during 1901 17383 347660 00 Total policies in force December 31 1901 34363 687260 00 Losses and claims on policies or certificates incurred during the year 1901 435 6960 00 Total 435 6960 00 Losses and claims on policies or certificates paid dur ing the year 1901 435 6960 00 MUTUAL AID ASSOCIATION OF GEORGIA W P Hixson President Chas C Needham Secretary Principal office 211 and 212 Montgomery Building Augusta Ga Bbyson Crane Augusta Ga Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets Dec 3lst of previous year 1032 97 IIINCOME DURING YEAR 1901 Gross amount paid by members to the Association or its agent without deductions for commissions or other ex penses as follows 1 Membership fees 659 95 2 Annual dues 1678 65 Total paid by members2338 60 7 Cash received from all other sources 1286 54 Total income 3625 14 Total 4658 11390 COMPTROLLERGENERALS REPORT IllDISBURSEMENTS DURING YEAR 1901 1 Losses and claims 568 99 2 Annual payments and assessments returned to members 8 25 Total paid to members 577 24 3 Commissions and fees retained by or paid to agents I 2018 01 5 Salaries and traveling expenses of managers of agencies and general special and local agents 5 67 6 Medical examiners fees whether paid direct by members or otherwise 2 00 7 Salaries and other compensation of officers and other office employees 842 50 8 Rent 12775 taxes 7821 205 96 9 Advanced to officers and agents to be repaid out of future salaries or commissions 5 38 10 Advertising 1 blanks and printing 64 65 00 Total expenses footing of items 3 to 111314452 Total disbursements 3721 76 Balance 936 35 IVINVESTED ASSETS 6 Cash in office 46 35 9 All other ledger assets viz Balance in hands of directors 890 00 10 Total net or ledger assets 936 35 Total net or ledger assets less depreciation 936 35 VCOTINGENT ASSETS 19 Annual payments or premiums due and unpaid on membership in force 64 85 20 Annual payments or premiums in process of collection not yet due 4557 80 21 Total due from members4622 65 22 Deduct estimated cost of collection 924 53 23 Net amount due from members3698 12 3698 12 24 All other assets viz Furniture and fixtures 200 print ed matter 100 00 total 300 00 Total invested and contingent assets VILIABILITIES 2 Losses in process of adjustment or adjusted and not due Number of claims 3 6 For salaries rents and office expenses Total liabilities 10 00 4934 97 4 00 6 00COMPTROLLERGENERALS REPORT 391 VIIEXHIBIT OF CERTIFICATES OR POLICIES No Amount Policies or certificates in force Dec 31 1900 115 2448 00 Policies or certificates written during the year 1901 1613 39562 00 Total 1758 42010 00 Deduct number and amount which have ceased to be in force during 1901 1024 21841 0 Total policies or certificates in force Dec 31 1901 734 20169 00 Losses and claims on policies or certificates incurred during the year 1901 266 572 99 Total 266 Losses and claims on policies or certificates paid during the year 1901 263 572 99 568 99 Business in Georgia during 1901 Policies or certificates in force Dec 31 1901 115 2448 00 Policies or certificates written during the year 1901 1643 39562 00 Total 1758 42010 00 Deduct number and amount which have ceased to be in force during 1901 1024 21841 00 Total policies in force Dae 31 1901 734 20169 00 Losses and claims on policies or certificates incurred during the year 1901 266 572 99 Total 266 572 99 Losses and claims on policies or certificates paid during ing the year 1901 263 568 99 PROVIDENT LIFE AND ANNUITY COMPANY OF BALTIMORE MD Eldridge Packham Jr President EDwrN Gott Secretary Principal office 1506 Continental Trust Bldg Baltimore Md R T Hitch 6 Grant Building Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR 1901 Gross amount paid by members to the Association or its Agents without deductions for commissions or other expenses as follows 1 Membership fees 10255 54 7 Cash received from all other sources viz Stocks deposited with commissioner 11900 00 Cash received from directors 17387 15 Total income 39542 69 IIIDISBURSEMENTS DURING YEAR 1901 3 Commissions and fees retained by or paid to agents 6153 32392 COMPTROLLERGENERALS REPORT 6 Medical examiners fees whether paid direct by members or otherwise 312 00 7 Salaries and other compensation of officers and other office employees 4856 50 8 Rent 583 38 9 Advanced to officers and agents to be repaid out of future salaries or commissions 1058 77 10 Advertising and blanks and printing 600 00 11 All other items viz Furniture 45000 legal expense 10000 licenses 5700 607 00 Taxes for Georgia Virginia Washington D O 20000 interest 102164 1221 64 Total disbursements 15 392 61 Balance 24150 08 Invested as follows IVINVESTED ASSETS 5 Cost value of bonds and stocks owned abso lutely 11900 00 7 Cash deposited in banks on reserved fund ac count National Marine Bank Baltimore 431329 American Savings Bank Washing ton 174000 total 6053 29 8 Agents ledger balances 5492 21 9 All other ledger assets viz Premium notes 704 58 10 Total net or ledger assets 24150 08 VIIEXHIBIT OP CERTIFICATES OR POLICIES No Amount Policies or certificates written during the year 1901 104 308000 00 Deduct number and amount which have ceased to be in force during 1901 12 36000 00 Total policies or certificates in force December 31 1901 92 272000 00 Business in Georgia During 1901 Policies or certificates written during the year 1901 11 33000 00 Deduct number and amount which have ceased to be in force during 1901 4 12000 00 Total policies in force December 31 1901 7 21000 00 STATE MUTUAL LIFE AND ANNUITY ASSOCIATION Thompson Hiles President Elbekt T McGhee Secretary Principal Office 225 Broad St Borne Ga Dean Dean Broad St Rome Ga Attorneys for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year 93285 80 COMPTROLLERGENERALS REPORT 393 HINCOME DUBING YEAR 1901 Gross amount paid by members to the As sociation or its agents without deduc tions for commissions or other expenses as follows 1 First Premiums 34810 00 2 Renewal premiums 55974 82 Total paid by membersif 90784 82 5 Interest 1762 07 Total income 92546 89 Total 185832 69 IIIDISBURSEMENTS DUBING YEAR 1901 1 Losses and claims 6235 60 2 Returned to members in reduction of pre miums 795 25 Total paid to members 7030 85 3 Commissions and fees retained by or paid to agents 20486 31 5 Silaries and traveling expenses of man agers of agencies and general special and local agents 10967 24 6 Medical examiners fees whether paid di rect by members or otherwise 1481 12 7 Salaries and other compensation of officers and other office employees 8848 75 8 Rent 45500 taxes 72713 1182 13 10 Advertising 56775 blanks and print ing 91656 L484 31 11 All other items viz License and fees 42600 stamps l602f 8 2028 98 Office expense 18242 legal fees 138065 exchange and discount 2108 1584 15 In purchase of Georgia 4J per cent bonds 9000 00 Total expenses footings of items 3 to 11 57062 99 Total disbursements 64093 84 Balance1 121738 85 Invested as follows IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 146 37 5 Cost value of bonds and stocks owned ab solutely 20825 00 6 Cash in office and banks 36162 45394 COMPTROLLERGENERALS REPORT Cash deposited in banks on reserved fund account Exchange Bank Rome Qa on reserved fund account 25000 00 First National Bank Borne Ga on re serve fund account 16000 00 Agents ledger balances Debit balance 1271763 less credit balace 113868 11578 95 All other ledger assets viz Premium notes on policies in force 9144 29 Bills receivable secured 2347 70 Office furniture 534 09 Total net or ledger assets less depreciation 121738 85 VCONTINGENT ASSETS 12 Interest due 27350 and accrued 3987 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force less than three months past due 20 Annual payments or premiums in process of collection not yet due deferred pre miums 5900 49 12119 69 21 22 23 five Total due from members Deduct estimated cost of collection per cent Net amount due from members Total assets 18020 18 901 01 313 37 300 00 17119 17 139471 39 VILIABILITIES Losses resisted by the company number of claims 3 all suicides contingent liability National State or other taxes due Amount of all other liability viz Advanced reserve on deposit for the protection of policyholders Premiums paid in advance Surplus over all possible liability 9000 00 201 68 61825 00 85 25 68359 46 Total liabilities 139471 39 VIIEXHIBIT OF POLICIES No Policies in force December 31 19001253 Policies written and rvived during the year 1901 374 Total1627 4312500 00 JJeduct number and amount which have ceased to be Amount 3424500 00 888000 00 in force during 1901 475 1206000 00 Total policies in force December 31 1901 1152 3106500 00COMPTROLLERGENERALS REPORT 395 Losses and claims on policies unpaid December 31 1900 annuities 1 1785 60 Losses and claims on policies incurred during the year 1901 annuities 8 20000 00 Total annuities 9 f 21785 60 Losses and claims on policies paid during the year 1901 1 6235 60 Business in Georgia During 1901 No Amount Policies in force December 31 19001129 3088500 00 Policies written and revived during the year 1901 86 158000 00 Total 1215 3246500 00 Deduct number and amount which have ceased to be in force during 1901 417 1055000 00 Total policies in force December 311901 798 2191500 00 Losses and claims on policies unpaid December311900 1 1785 60 Losses and claims on policies incurred during the year 1901 6 16000 00 Total 7 17785 60 Losses and claims on policies paid during the year 1901 1 5435 60 ETNA INDEMNITY COMPANY OF HARTFORD CONN F T Maxwell President E S Pegham Secretary Principal Office 650 Main Street Hartford Conn Shepard Beyan Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock au thorized 100000000 sub scribed for 250000 00 2 Amount of capital paid in cash 250000 00 Amount of net ledger assets December 31st of previous year 309746 30 Extended at 309746 30 IIINCOME DURING YEAR As Shown by Books at Home Office December Slst Fidelity and Surety Plate Glass 1 Gross premiums unpaid De cember 31 last year paid 3600 56 8621 11396 COMPTROLLERGENEKALS REPORT 2 Gross premiums written and renewed during year 128969 22 52841 01 Totals 132569 78 61462 12 3 Deduct gross premiums now in course of collection 11593 53 9849 37 4 Entire premiums collected during the year 120976 25 51612 75 5 Deduct reinsurance abate ment rebate and return premiums 11570 56 239158 6 Net cash actually received for premiums carried out 109405 69 4922117 158620 86 10 Interest on bonds and dividends on stocks 10925 65 11 Interest upon other debts due the company and on deposits in banks 348 36 Total interest 11274 01 Total income during the year 169900 87 Sum 479647 17 IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December ost Fidelity and Surety Plate Glass 1 Gross amount paid for claims excepting weekly indemnity 18449 85 20506 81 Totals 18449 85 20506 81 3 Deduct reinsurancessalvages and recoveries on losses pre viously paid 4482 53 78 34 Net paid policyholders 13967 32 20428 47 34395 79 5 Commissions or brokerage toagents less re ceived on insurance 37336 62 6 Salaries traveling and all expenses of agents and agencies not on commissson account 33160 95 8 Salaries and all other compensation of offi cers 856530 and home office employees 8095 96 16661 26 9 Taxes on premiums 171177 taxes on property 2214 insurance department fees and agents licenses 2174 20 muni cipal licenses 21790 4126 01 10 Rent 4954 97 11 Legal expenses 2 988 54 12 Furniture and fixtures 103243 advertis ing 64212 printing and stationery 3 05313 4727 68COMPTROLLERGENERALS REPORT 397 14 All other items viz Home office sundries 188902 postage 129734 traveling 157643 internal revenue f52965 Total miscellaneous expenses Total disbursements 5 292 44 109248 47 143644 26 5 Balance 336002 91 IVLEDGER ASSETS per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31st Book value of bonds excluding interest 28573675 and stocks 2973500 315471 75 Cash in companys office deposited in banks U S bank Hartford 1569191 Merch ants National N Y 2500 Illinois Trust Co Chicago 500 S Cromwell Mana ger 500 B Hunt Manager 200 19391 91 All other items viz Nonresident stock holders tax account 1139 25 Total Total net ledger assets 336002 91 NONLEDGER ASSETS 11 Interestdue 225750 and accrued 1665 43 on bonds and stocksli 13 Interest due and accrued on other assets Total outstanding interest 3922 93 38 74 336002 91 15 17 Market value of bonds and stocks over book value 18 Gross premiums in course of collection to wit Not over three months due Fidelity and surety 10417 49 Plate Glass 8696 70 Unpaid commis sion thereon 1860 31 2605 45 19114 19 4465 76 Total net not over three months due Net Pre miums 8557 18 6091 25 14648 43 NONLEDGER LIABILITIES Fidelity and Surety Plate Glass In process of adjustment 10154 81 248 27 3961 67 12153 25 14648 43 Gross assets 366760 20 1 Total gross amount of claims 10403 08 3 Net amounts of unpaid claim account 10403 08 Aggregate of unpaid claims and expenses 10403 08 4 Gross premiums upon all unexpired risks running one year or less from date of policy398 COMPTROLLERGENERALS REPORT Fidelity and Surety premiums 11745943 unearned portion 50 per cent 58729 71 Plate Glass premiums 5095832 unearned portion 50 per cent 25479 16 6 Total unearned premiums as computed above car ried out 8 Salaries rent expenses taxes bills accounts fees etc due or accrued 11 All other liabilities viz Premiums paid advance Total amount of all liabilities 12 Jointstock capital actually paidup in cash 250000 00 13 Surplus beyond capital and other liabilities 20126 10 Total 366766 26 84208 87 662 05 1366 10 96640 10 270126 16 Business in the State of Georgia During the Year Risks Written Fidelity 300 00 Surety 43650 00 Plate Glass 432 70 Premiums re ceived 5 00 110 00 12 60 Amount at risk end of year 300 00 43650 00 432 70 Aggregates 44382 70 127 60 44382 70 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 384843 50 Premiums Tax 654 85 6 55 ETNA ACCIDENT INSURANCE COMPANY HARTFORD CONN M G Bulkeley President J L English Secretary Home Office 650 Main Street Hartford Conn Jno M Green Attorney for Service in Georgia ICAPITAL 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 December 31st of previous year 52862693 13 Extended at 52862693 13 IIIINCOME DURING YEAR As shown by the books at home office at close of business December 311901 Accident Health 1 Entire premiums collected during the year 1285250 73 79S74 23COMPTROLLERGENERALS REPORT 399 33662 24 2 Deduct reinsurance and re turn premiums 3 Net cash actually received for premiums carriedout 1251588 49 4 Rents from companys property including 1600000 for companys use of own build 1485 06 78389 17 1329977 66 ing 37023 46 1369332 36 5 Interest on loans on mortgages of real es tate i Interest on collateral loans including premium notes loans or liens 7 Interest on bonds and dividends on stocks 8 Interest upon other debts due the company and on deposits in bank Discount on claims paid in advance Total rents and interest Profit on sale of real estate 1280828 on sale or ma turity of securities 19097250 189106 55 801573 37 87027 89 2033 93 Premium income life business Total income during the year Sum of both amounts IIIDISBURSEMENTS DURING As shown by the books at the home office at close 1901 Accident 1 Gross amount paid for claims excepting specific and weekly indemnity 2 Gross amount paid for weekly or other specific indemnity 2486097 56 203780 78 4019856 00 7889795 60 11909651 60 64772344 73 YEAR of business December 31 Health 148499 91 397258 54 39106 71 Total 545758 45 Deduct reinsurance 2869 70 39106 71 Net paid policyholders car ried out 542888 75 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 occount 7 Medical examiners fees and salaries 8 Salaries and all other compensation of officers and home office employees 9 Taxes on premiums 1807749 tax on fran chise 19750 insurance department fees and agents licenses 207510 municipal licenses 119727 revenue 441930 39106 71 581995 46 43750 00 449020 15 17877 00 7622 81 36666 37 25966 66400 COMPTROLLERGENERALS REPORT 10 Rent for use of companys own building 12887 67 11 Legal and loss expenses 8653 90 12 Furniture and fixtures 398942 advertis ing 390359 printing and stationery 2053650 28429 61 14 All other disbursements Postage 11 85681 express 353677 expense 2 24607 profit and loss agents balances 260271 20242 36 Total miscellaneous expenses 651116 43 Total disbursements accident business 1233111 89 Total disbursements life business 7378378 62 Total disbursements 8611490 51 Balance 56160854 22 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business December 31 1901 1 Book value of real estate 594228 55 2 Mortgage loans on real estate 23828752 84 3 Loans secured by pledge of bonds stocks or other collaterals 890442 72 4 Book value of bonds excluding interest 1667291544 and stocks 387632298 20549238 42 5 Cash in companys office 13663418 de posited in banks 758565794 7722292 12 6 Bills receivable 3778281 agents debit balances 3913883 76921 64 7 All other items viz Loans made to policy holders on this companys policies as signed as collateral 2103685 00 Premium notes or liens on policies in force of which 553008 is for first years prem iums 417911 39 To1 56183472 68 DEDUCT LEDGER LIABILITIES 8 Agents credit balances 1994112 all other 267734 o2i6I8 46 Total net ledger assets 56160854 22 NONLEDGER ASSETS 9 Interest due 3818761 and accrued 309 65716 on mortgages 347844 77 10 Interest due 2208312 and accrued 120 13833 on bonds and stocks 42 221 45 11 Interest due 571794 and accrued 180000 on collateral loans 7 517 94COMPTROLLERGENERALS REPORT 401 12 Interest accrued on other assets 601 38 Interest due 24041158 on premium notes loans or liens less 5102075 estimated amount collected in 1901 in advance 189390 83 13 Rents due 20792 and accrued 227866 on companys property or lease 2486 58 14 Total outstanding interest and rents 690062 95 16 Market value of bonds and stocks over book value 2124982 72 17 Gross premiums in course of collection to wit Net amount of uncollected and deferred premiums 691074 68 Gross assets 59666974 57 DEDCCT ASSETS NOT ADMITTED 1 Commissions payable to agents on premium notes when paid 1669 73 2 Agents debit balances unsecured 27 78727 bills receivable unsecured 27 18422 54971 49 3 Premium notes loans or liens and premi ums in excess of reserve on policies 642 18 Total 57283 40 Total admitted assets 59609691 17 VNONLEDGEK LIABILITIES Resisted by Co In process Known or on its own ac of estimated count not adjustment proofs not filed outlawed Accident 23400 10 10000 00 80279 39 Health 1428 91 1 Total gross amount of claims 24829 01 10000 00 80279 39 3 Net amounts of un paid claim acet 24829 01 10000 00 80279 39 Aggregate of unpaid claims and expenses 115108 40 4 Gross premiums upon all unexpired risks run ning one year or less from date of policy Accident premiums 810 87948 unearned portion 50 per cent 405439 74 Health premiums 7209419 unearned portion 50 per cent 36047 09 441486 83 Deduct reserve on risks reinsured in other companies 2 833 12 Total one year or less 438653 71 26 in402 COMPTROLLERGENERALS REPORT 5 Gross premiums upon all unexpired risks running more than one year from date of policy Accident premi ums 683892 unearned premium by special tables 23472 00 Total more than one year 23472 00 Total unearned premiums and reserve as computed above carried out 8 Salaries rents expenses taxes bills accounts fees etc due or accrued Accident department 462125 71 1000 00 Total liabilities accident business 578234 11 Total liabilities life business 53708375 81 Total liabilities 54286609 92 12 Jointstock capital paid up in cashf 1750000 00 13 Surplus beyond capital and other liabilities 3573081 25 5323081 25 Total 59009691 17 Business in the State of Georgia During the Year Risks Premiums Losses Losses Amount at Risk Written Received Paid Incurred Endof Year Accident10321900 00 41893 73 14635 45 22840 11 6401000 00 Health 2897 98 1786 26 1846 97 Aggregate 10321900 00 44791 71 16421 71 24687 08 6401000 00 BUSINESS IN GERGIA POK YEAR ENDING APRIL 30 1902 Risks written during the year 10593100 00 Premiums 46731 74 Losses 23166 68 Tax 467 31 AMERICAN BONDING AND TRUST COMPANY BALTIMORE CITY James Bond President Samuel H Shriver Secretary Principal Office Equitable Building E M Durant Attorney for Service in Georgia Atlanta Ga 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 27131 91 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 111809 63 3 Interest due on all said bond and mortgage loans 1070549 interest accrued thereon 1246479 23170 28 6 Total value of said mortgaged prem ises carried inside 203850 00COMPTROLLERGENERALS REPORT 403 11 12 13 9 Total par and market value of stocks and bonds owned absoutely by the company carried out at market value 1105766 44 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 148020 61 Cash in companys principal office 8798 79 Cash belonging to the company deposited in bank Third National Bank Baltimore 5652205 Merchants National Bank Baltimore 310413 Citizens National Bank 310606 Howard National Bank Baltimore 153979 First National Bank Denver Col 487326 Atlas Na tional Bank Cincinnati O 12218 Ma ryland Trust Co Baltimore 20000 total 89267 47 Total cash items 15 Accounts receivable secured 16 Furniture and fixtures 17 Cash in hands of agents and in course of transmission premiums in course of collection 98066 26 112597 96 1 00 77127 32 Total assets of the company actual cash market value 1703691 41 IIILIABILITIES 6 Net amount of unpaid losses proofs not filed 60983 57 11 Total unearned premiums as computed above carried out 260657 82 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Agents credit balances 4913 75 Ledger liabilities 51836 12 Total 378391 26 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 325300 15 24 Aggregate amount of all liabilities including capital paid up and net surplus 1703691 41 IVINCOME DURING THE YEAR Fidelity and Surety 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 73826 41 4 Gross premiums on risks written and re newed during the year 570717 54 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 644543 95 94769 86 549774 09 63093 91 9 Net cash actually received for premiums carried out 486680 IS404 COMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages 5348 25 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 42920 55 12 Income received from all other sources omitting in crease if any in value of securities viz 642 58 Exchange 440 Trust income 243095 total 2435 35 13 Profit on investments 1590 65 15 Aggregate amount of income actually received during the year in cash 539617 56 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding losses occurring in previous years 213024 13 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years and all amounts actually received for reinsurances in other companies Total deductions 42993 39 3 Net amount paid during the year for losses 170030 74 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 80000 00 5 Inspections 33332 Interest 81548 rent 831588 legal expenses 1098500 20449 68 6 Paid for commissions or brokerage 10834249 losses on investments 951022 117852 71 7 Paid for salaries traveling and all expenses of agents not on commission account 3272711 home office em ployees 5348423 86211 34 8 Taxes on premiums 659549 taxes on property 14429 15 insurance department fees 1092936 municipal licenses 75304 32707 04 9 All other payments and expenditures viz Det and ar rest 1332700 postage 829690 auditing expenses 244325 traveling expenses 107798 insurance 3894 development expenses 147948 general ex penses 335077 I R stamps 204134 telegraph and telephone 445861 express 40484 advertising 1196087 furniture and fixtures 461556 printing and stationery 763626 47938 07 Aggregate amount of actual expenditures during the year in cash 555189 58 Business in the State of Georgia During the Year Fire marine and inland risks written 2582458 57 Premiums received gross 10 888 39 Losses paid 1 332 54 Losses incurred j 5go 54 COMPTROLLERGENERALS REPORT 405 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Risks written during the year 3185035 07 Premiums 12259 21 Losses 7597 78 Tax 122 59 AMERICAN CREDITINDEMNITY CO OF NEW YORK 5 M Phelan President E M Treat Secretary Principal office No 302 Broadway N Y Wm A Wright Atlanta Ga Attorney for Service in Georgia icapital 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIassets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 655218 75 12 Cash in companys principal office 2272 10 13 Cash belonging to the company deposited in bank Colonial Trust Co 3224530 Mer chantsLaclede National Bank 28000 American Exchange Bank 446781 Third National Bank 9470147 9916928 131694 58 Total cash items 133966 68 14 Amount of premium notes upon which policies have been issued 41825 00 15 Interest accrued on bonds not included in market val ue uncollected 2035 00 16 Accounts owned purchased on payment of losses 7616 84 17 Cash in hands of agents and in course of transmission 44680 00 18 Bills receivable 4489 30 All other assets both real and personal viz Agents debit balances 7648 54 Furniture and fixtures 15787 97 913268 08 DeductionsBills receivable 4489 30 agents balances 764854 furniture and fixtures 1578797 27925 81 Total assets of the company actual cash market value 885342 27 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 35009 00 3 Losses resisted including interest costs and other expenses thereon 3416 00 4 Total gross amount of claims for losses 38425 00 6 Net amount of unpaid losses 38425 00406 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction received and re ceivable upon all unexpired credit risks running one year or less from date of policy 942203 46 Unearned premiums fifty per cent 471101 73 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 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 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 43045 00 2 Deduct amount of same not collected 18985 00 3 Net collected 24060 00 4 Gross premiums on risks written and renewed during the year 955516 55 5 Total 979576 55 6 Deduct premiums and bills in course of col lection at this date 44680 00 7 Entire premiums collected during the year 934896 55 8 Deduct reinsurance and return premiums 3157 37 9 Net cash actually received for premiums carried out 11 Received for interests 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 Accounts owned purchased on payment of losses 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Credit Risks 1 Gross amount actually paid for losses inclu ding losses occurring in previous years 225574 50 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 otherTemployes 8 Paid for State national and local taxes in this and other States 471101 73 7667 50 517194 23 200000 00 168148 04 885342 27 931739 18 13281 91 3823 23 948844 32 225574 5 28000 00 276551 32 43737 15 12348 87COMPTROLLERGENERALS REPORT 407 9 All other payments and expenditures viz Rent 1854353 legal expense 793251 advertising 1560061 print ing and stationery 421530 the agencies 257891 expenses 486788 traveling expenses 843479 tele graph 124888 postage 2640 65 exchange and dis count 153933 profit and loss 120784 total 58810 26 Aggregate amount of actual expenditures during the year in cash 645022 10 Loss on sale of 25000 railroad bonds 197 83 Loss on premium notes parties failed and bonds cancelled 1010 01 Business in the State of Georgia During the Year Credit Risks Credit risks written 259500 00 Premiums received gross 13975 00 Losses paid 8756 12 Losses incurred 8756 12 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1902 Risks written during the year 287500 00 Premiums 15945 00 Losses 10412 85 Tax 159 45 AMERICAN SURETY COMPANY OF NEW YORK N Y H D Lyman President H B Zevely Secretary Home Office 100 Broadway N Y E R Black Atlanta Ga Attorney for Service in Georgia ICAPITAL STOCK 2 Amount of capital stock paid up in cash 2500000 00 2500000 00 Amount of net or ledger assets December 31st of previous year 5017262 84 Extended at 5017262 84 IIINCOME DURING YEAR As shown by the books at Home Office December 31st Fidelity Surety 1 Gross premiums unpaid Decem ber 31st last year paid 42983 11 169743 01 2 Gross premiums written and re newed during year 579331 35 603547 61 Total 622314 46 773290 62 3 Deduct gross premiums now in course of collection 29245 14 160011 13 4 Entire premiums collected during the year 593069 32 613279 49408 5 6 7 8 9 10 11 12 14 1 3 4 5 6 7 8 9 10 11 12 13 COMPTROLLERGENERALS REPORT Deduct reinsurance abatement rebate and return premiums 58122 52 133575 99 Net cash actually received for premiums carried out 534946 80 479703 50 1014650 30 Rents from companys property 19 684 91 Interest on loans on mortgages of real estate 236 00 Interest on collateral loans 32 204 38 Interest on bonds and dividends on stocks 60225 27 Interest on other debts due the company and on deposits in bank 2 988 51 Total interest 287 339 07 Profit on sale or maturity of ledger assets during the year over book values 73082 65 Income from all other sources viz Cash re covered from losses paid in previous years 71105 36 144188 01 Total income during the year 1446177 38 Sum 6463440 22 IIIDISBURSEMENTS DURING YEAR As shown by books at Home Office December 31st Fidelity Surety Ciross amount paid for claims ex cepting weekly indemnity 161026 46 738960 31 Deduct reinsurance salvages and recoveries on losses previously Paid 16895 61 374606 10 Net paid policyholders 144130 85 364354 21 508485 06 Stockholders for interest or dividends amount declared during the year 200000 200000 00 Cost of adjustment and legal expenses in set tlement of claims 13 080 73 Commissions or brokerage to agents less re ceived on reinsurance 50 207 69 Salaries traveling and all expenses of agents and agencies not on commission account 185320 12 Inspections 2 498 37 Salaries and all other compensation of officers 3346666 and home office employees 148 33630 181802 96 Taxes on premiums 1400229 taxes on real estate 4723362 insurance department fees 194646 agents licenses 1625 mu nicipal licenses 2638 internal revenue 485060 interest 411775 76413 72 ent 34638 46 Legal expenses 872825 real estate repairs and expenses other than taxes 7656890 85297 15 Furniture and fixture 526688 advertising 1388S3 printing and stationery 1613225 25787 96 COMPTROLLERGENERALS REPORT 409 14 Losses on ledger assets actually sold or ma tured under book value securities 15405 62 15 All other items viz Miscellaneous general expenses 40 894 92 Total miscellaneous expenses Total disbursements A gents credit balances allother 917347 70 1425832 76 Balance 5037607 46 IVLEDGER ASSETS As per ledger accounts shown by the books at Home Office December SI 1 Book value of real estate unincumbered 3054567 16 2 Mortgage loans on real estate first liens 2500 00 3 Loans secured by pledge of bonds stocks or other collaterals 60654 62 4 Book value of bonds excluding interest 91623785 and stocks 7027251618962 85 5 Cash in companys office 121618 deposited in banks 29632708 297543 26 7 All other items viz Dividends declared December 131901 by City National Bank of Buffalo New Yorksince paid 19525 77 Total7 5053752 96 DEDUCT LEDGER LIABILITIES borrowed money 16145 50 Total net ledger assets 5037607 46 NONLEDGER ASSETS 11 Interest due on bonds and stocks 4448 75 14 Rents due 1331572 and accrued 701666 on companys property or lease 20332 38 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 Not over three months due Fidelity 24665 89 Surety 58849 11 83515 00 Unpaid commissions thereon Fidelity 880 05 Surety 2219 31 3099 36 Net premiumFidelity 23785 84 Surety 56629 80 80415 64 More than three months due not carried in Fidelity 4579 25 Surety101162 02 Total net not over three months due 80415 64 24781 13 198798 65 Gross assets 5341602 88 Total admitted assets 5341602 88410 COMPTROLLERGENERALS REPORT 79411 72 12071 5091483 22 278262 6 VNONLEDGER LIABILITIES 1 Total gross amount of claims In process of adjustment Fidelity Surety Resisted by company on its own account and on account of its clients not outlawed Fidelity 41379 51 Surety 145399 88 186779 39 278262 61 3 Net amounts of unpaid claim account In process of adjustment 91483 22 Resisted by the company 186779 39 Aggregate of unpaid claims and expenses 4 Gross premiums upon all unexpired risks running one year or less from date of policy Fidelity premiums 50866642 unearned portion 50 percent 254333 21 Surety premiums 51969270 unearned portion 50 per cent 259846 35 Total one year or less 514179 56 5 Gross premiums upon all unexpired risks running more than one year from date of policy Surety premiums 14542031 unearned premium pro rata 77373 33 Total more than one year 77373 33 6 Total unearned premiums as computed above car ried out 591552 89 Total amount of all liabilities 869815 50 12 Jointstock capital actually paid up in cash 2500000 00 13 Surplus beyond capital and other liabilities 1971787 384471787 38 Total 5341602 88 Business in the State of Georgia during the Year Risks Written Premiums Received Losses Paid Fidelity 2219100 Surety 1713331 Amount at Losses Risk End of Incurred Year 5156 90 480 21 190 69 1172700 5526 89 1565 61 1565 61 1693796 Aggregate 3932431 10683 79 204582 1756 30 2806496 BUSINESS IN THE STATE OP GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year4244987 00 11439 29 1375 55 114 39 Premiums Losses TaxCOMPTROLLERGENERALS REPORT 411 BANKERS MUTUAL CASUALTY INSURANCE CO DES MOINES IOWA J G Rounds President F M Rudd Secretary Home office 509 Observatory Building Des Moines Iowa ICAPITAL STOCK Amount of net ledger assets December 31st of previous year 80615 71 Extended at 80615 71 Cash collected on premium notes included in above in excess of 6 below 2380184 IIINCOME DURING YEAR Burglary 1 Gross premiums unpaid Dec 31 last year paid 9372 83 2 Gross premiums written and renewed dur ing year94709 94 Total 104082 77 3 Deduct Gross premiums now in course of collection 13637 88 4 Entire premiums collected during the year 90444 89 5 Deduct reinsurance abatement rebate and return premiums 62902 83 6 Net cash actually received for premiums carried out 27542 06 14 Income from all other sources viz Guar anty fund 16765 50 Advanced by promoters 1500 00 18265 50 Total income during the year 45807 56 Sum 126423 27 IIIDISBURSEMENTS DURING YEAR As shown by Books at Home Office Dec 31 Burglary 1 Gross amount paid for claims on losses to policyholders 28448 39 2 Gross amount paid for benefit of policy holders in pursuit of criminals attacking insured bankers 6267 19 Total 34715 58 3 Deduct reinsurances salvages and recov eries on losses previously paid 24082 05 Net paid policyholders 10633 53 5 Directorsannual meeting 94757 execu tive committee meeting 14294 1090 51 6 Salaries traveling and all expenses of direc tors and others for companys business 904 97412 COMPTROLLERGENERALS REPORT 8 Salaries and all other compensation of offi cers 415000 home office employees 755132 11701 32 9 Taxes on premiums 16649 insurance de partment fees and agents licenses 46525 031 74 10 Rent 93100 postage 243190 3362 90 11 Legal expenses 34270 internal revenue 2110 553 70 12 Advertising 67170 printing and statione ry 193592 2607 62 14 All other items viz Interest 910 49 Sundry expense 933 50 Total miscellaneous expenses 22 686 75 Total disbursements 33 320 28 Balance1 93102 99 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Chse of Business December 31 2 Mortgage loans on real estate first liens 7400 00 5 Cash deposited in banks Peninsular Savings Bank Detroit Mich 9440 First National Bank McGregor Texas 14776 State Savings Bank Des Moines la 255000 Citizens Natl Bank Des Moines la 9515 Iowa Loan and Trust Co Des Moines la 778875 10976 06 6 Bills receivable 7472693 being premium notes 74726 93 Total 93102 99 Total net ledger assets 93 102 99 NONLEDGER ASSETS 16 Due from subscribers to guaranty fund 2175 00 18 Gross premiums in course of collection to wit Burglary not over three months due 13637 88 Total net not over three months due 13637 8S Gross assetsj 108915 87 VNONLEDGER LIABILITIES Burglary resisted by company on its own account not outlawed 2 730 85 1 Total gross amount of claims resisted by company on its own account not out lawed 2730 85 3 Net amount of unpaid claim account re sisted by the company 2 730 85 Aggregate of unpaid claims and expenses 2 730 85COMPTROLLERGENERALS REPORT 413 4 Gross premiums upon all unexpired risks running one year more or less from date of policy Burglary 111527 96 unearned portion 50 per cent 55763 98 Total one year more or less 55763 98 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 promotors Total amount of all liabilities 12 Guaranty fund actually paid up in cash 15188 75 13 Surplus beyond capital and other liabilities 13302 07 Total Business in the State of Georgia During the Year Burglary Risks written 3100000 premiums received 322 at risk end of year 116350000 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during year Premiums Tax 55763 98 1603 61 5939 11 14387 50 80425 05 28490 82 108915 87 00 amount 69500 00 1319 75 13 20 CITY TRUST SAFE DEPOSIT AND SURETY COMPANY OF PHILADELPHIA PA Chas M Swain President James F Lynd Secretary Home office 927 and 929 Chestnut St Philadelphia Pa Jas H Gilbert Atlanta Attorney for Service in Georgia icapital stock 1 Amount of capital stock author ized and subscribed for500000 00 2 Amount of capital paid up in cash 500000 00 Amount of net ledger assets December 31st of previous year3192134 97 Decrease in deposits during 1901 88317 89 Extended at 3103817 08 IIINCOME DURING YEAR As shown by books at home office December 31st Fidelity and Surety 1 Gross premiums unpaid December 31 last year paid 16014 18 2 Gross premiums written and renewed during year 250981 69 Total 266995 87414 COMPTROLLERGENERALS REPORT 3 Deduct gross premiums now in course of col lection 21168 53 4 Entire premiums collected during the year 245827 34 5 Deduct reinsurance abatement rebate and return premiums 25803 25 6 Net cash actually received for premiums carried out 219964 09 7 Rents from companys property 15274 19 8 Interest on loans on mortgages of real estate 3834 75 9 Interest on collateral loans 58467 43 10 Interest on bonds and dividends on stocks 19771 00 11 Interest upon other debts due the company and on deposits in bank 10767 04 Total interest 108114 41 14 Income from all other sources viz Safe de posit boxes 333075 commissions 2 11675 registry 113215 6579 65 Appreciation stocks and bonds 1692 50 8272 15 Total income during the year 336350 65 Sum 3440167 73 IIIDISBURSEMENTS DURING YEAR As shovm by books at home office December SI Fidelity and Surety 1 Gross amount paid for claims surety losses 84603 85 Total 84603 85 3 Deduct reinsurances salvages and recoveries on losses previously paid 28909 18 Net paid policyholders 55694 67 4 Stockholders for interest or di vidends amount declared during the year 3000000 29961 00 5 Commissions or brokerage to agents less re ceived on reinsurance 14808 87 6 Salaries traveling and all expenses of agents and agencies not on commission account 56481 73 7 Interest paid depositors 45567 79 8 Salaries and all other compensation of officers 1700000 and home office employees 46 19340 63193 40 9 Taxes on premiums 326290 taxes on prop erty 526656 insurance department fees and agents licenses 143100 municipal licenses 111733 tax on franchise 3 41934 war tax 130000 15797 13 11 Legal expenses 497250 real estate repairs and general expenses other than taxes 2056273 25535 23 55694 67COMPTROLLERGENERALS REPORT 415 12 Advertising 192770 printing and station ery 401480 5942 50 14 All other items viz Profit and loss Ill 85 Total miscellaneous expenses 257399 50 Total disbursements 313094 17 Balance 3127073 56 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at the close of business December 31 1 Book value of real estate unincumbered 53 98658 incumbered 48399734 less ground rent 460000 533383 92 2 Mortgage loans on real estate first liens 61700 00 3 Loans secured by pledge of bonds stocks or other collaterals 1428506 59 4 Book value of bonds excluding interest 337 34300 and stocks 10036400 437707 00 5 Cash in companys office 11747405 depos ited in banks Chestnut Street Natl Bank Philadelphia 50314 Girard Natl Bank Philadelphia 3039216 Mechanics Natl Bank Philadelphia 1558348 Merchants Natl Bank Philadelphia 1930151 Corn Exchange Natl Bank Philadelphia 34 19358 Third Natl Bank Philadelphia J43 80506 Bank of North America Philadel phia 516067 Union Natl Bank Philadel phia 2327649 Natl Bank of Northern Liberties Philadelphia 2957300 Seaboard Natl Bank New York City 618712 North American Trust Co New York City 634861 New York Produce Exchange Natl Bank New York City 1000000 Shawmut Natl Bank Boston Mass 3 82361 Massachusetts Natl Bank Boston Mass 519554 Metropolitan Natl Bank Chicago 111 189518 MerchantsLaclede Natl Bank St Louis Mo 1474034 Pa cific Natl Bank Tacoma Wash 178730 Union Natl Bank Philadelphia Gold cer tificate 1000000 Corn Exchange Natl Bank Philadelphia Gold certificate 25 00000 Merchants Natl Bank Philadel phia Gold certificate 1500000 Third Natl Bank Philadelphia Gold certificate 2500000 32676679 444240 84 Due from ledger accounts secured by mort real estate and cash 207775 74416 COMPTROLLERGENERALS REPORT 7 All other items viz Return premiums on 16500000 Fire insurance policies 6 16500 furniture and fixtures 756768 overdrafts 2679 13759 47 Total 8127073 56 Total net ledger assets 3127073 56 NONLEDGER ASSETS 10 Interest due and accrued 134300 on mortgages 1343 00 11 Interest due 105975 and accrued 529225 on bonds and stocks 6352 00 12 Interest due 610000 and accrued 909100 on collateral loans 15191 00 13 Interest due and accrued 60000 on other assets 600 00 Total outstanding interest 23486 00 16 Appraised value of real estate over book value 119966 08 16 Due from other companies for reinsurance on losses al ready paid 2 992 27 17J Due for renewals not over 3 months due less commis sions and reinsurance 3 726 61 Not over Unpaid More than three three Commissions months due months due thereou Net Premiums not carried in Fidelity and surety 12406 25 1340 77 11065 48 8762 28 12406 25 1340 77 11065 48 Total net not over three months due 11065 4S Gross assets 3288310 00 DEDUCT ASSETS NOT ADMITTED 2 Furniture fixtures and safes 7567 68 Total 7567 68 Total admitted assets 3 280 742 32 VNONLEDGER LIABILITIES Resisted by com In process of Known or Es pany on Its own adjustment tf mated proofs account not filed Not outlawed Fidelity and Surety 1606 90 15280 35 87916 89 1 Total gross amt of claims 1606 90 15280 35 87916 89 2 Deduct rein surance d lie and accrued o 795 60 3 Net amt of un paid claim ac count 1606 90 15280 35 85121 29 Aggregate of unpaid claims and expenses 102008 54 All of this amount resisted at Instance of parties on whose behalf bonds were givenCOMPTROLLERGENERALS REPORT 4 Gross premiums upon all unexpired risks running one year or less from date of policy Fidelity and surety premiums 23449431 unearned portion 50 per cent 117 247 15 5 Gross premiums upon all unexpired risks run ning more than one year from date of pol icy Fidelity and surety premiums 27 52459 unearned premiums pro rata 17010 69 6 Total unearned premiums as computed above car ried out 7 Cash dividends to stockholders remaining unpaid 8 Expenses taxes bills accounts fees etc due or accrued 9 Commissions brokerages and other charges due to agents and brokers on premiums paid For return premiums for reinsurance All other liabilities viz Due depositors 229531208 interest accrued thereon 1137700 Total amount of all liabilities 12 Joint stock capital actually paid up in cash 500000 00 13 Surplus beyond capital and other liabilities 235202 86 Total 417 10 11 134257 84 39 00 1000 00 1500 00 45 00 2306689 08 2545539 46 735202 86 3280742 32 Business in the State of Georgia during the Year Risks Written Fidelity 187950 00 Surety 280601 02 Premiums Received Losses Paid 858 97 128 12 738 07 432 50 Amount at Risk End of Year 182950 00 172216 19 Aggregate 468551 02 1597 04 304 38 355166 19 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Kisks written during the year Premiums Losses Tax 485679 95 1483 19 345 00 14 83 UNITED STATES BRANCH OF EMPLOYERS LIABILITY ASSUR ANCE CORPORATION LIMITED LONDON ENGLAND Lord Claud Hamilton Chairman S Stanley Brown Esq Secretary Samuel Appleton Walter Tracey Dana Managers and Attorneys United States Branch Principal office U S Branch 71 Kilby Street Boston Mass Clarence Angier Atlanta Attorney for Service in Georgia icapital stock 1 Amount of capital stock paid up in cash in England 750000 00 27 in418 COMPTROLLERGENERALS REPORT 2 Amountof capital subscribed but unpaid in England 3000000 00 Amount of net or ledger assets Decem ber 31 of previous year 1316532 66 Extended at 1316532 66 IIINCOME DURING THE YEAR 1901 Accident Health Employers Liability Fidelity 26840184 326622 1 Gross premiums unpaid Dec 31 last year3190286 204967 2 Gross premiums on risks writ ten and re newed during the year23120538 1383907 163612250 5846464 Total26310824 1588874 190452434 6173086 3 Deduct gross premiums in course of col lection at this date 3729394 414244 29241514 321442 4 Entire premiums collected dur ing the year 22581430 1174630 161210920 5851644 5 Deduct reinsur ance abate ment rebate and return premiums 4953471 278531 24391699 1202105 6 Net cash actual ly received for premiums carried out 17627959 896099 136819221 4649539 1599928 18 9 Interest and dividends on stocks and bonds 39079 03 Total interest 39079 03 17 Total income actually received during the year in cash 1639007 21 Aggregate last balance and income 2955539 87 IIIDISBURSEMENTS DURING THK YEAR Accident Health Employers Fidelity Liability 1 Gross amount paid for ma tured claims other than weekly in demnity1541657 53455138 3295887COMPTROLLERGENERALS REPORT 419 Gross amount paid for week ly or other pe riodical in demnity 5619092 36248 Total 7160749 3 Deduct salvages and reinsur ances 74492 362489 53455138 3295887 7650 1021113 Si JO 11 12 13 15 Hi Net paid policy holders 7086257 354839 52434025 3295887 To cost of adjustment and legal expenses in settlement of claims 143292 28 Remitted to head office 99 846 35 Commissions to agents 399798 30 Salaries traveling and all expenses of agents and agencies not on commission account For inspections Salaries and all other compensation of officers 1643521 Home office em ployees 2126255 Taxes on premiums 2797532 taxes on property insurance department fees 408607 agents licenses 120445 municipal licenses 95525 war revenue 556004 Rent received under sublease rates etc Legal expenses Furniture and fixtures Advertising 528701 general printing and stationery 1666660 All other expenses 13570 52 Total miscellaneous expenses Total disbursements 12121 82 20572 94 37697 76 39781 13 20634 18 4432 54 2021 52 21953 61 Balance IVASSETS AS PER LEDGER ACCOUNTS Cost value of bonds and stocks owned ab solutely Cash in companys office Cash deposited in banks Massachusetts National Bank All other items viz Cash deposited with trustees with Kidder Peabody Co Market value of bonds over cost Total 1403253 80 1800 00 887 70 71701 64 30463 70 631710 08 775002 36 672430 67 1447433 03 1508106 84 11 Total net or ledger assets as per balance 1508106 84 1508106 84420 COMPTROLLERGENERALS REPORT OTHER ASSETS 13 17 19 20 Interest due and accrued on bonds and stocks 10876 25 Total outstanding interest 10876 25 Market value of stocks and bonds over cost added above 3046370 Gross prmiums in course of collection not more than three months due to wit Premiums Unpaid commission thereon Net 21 Accident 36457 19 11351 37 25105 82 22 Health 4074 19 1300 29 2773 90 23 Employers liability 284872 59 66256 33 218616 26 24 Fidelity 3198 22 706 43 2491 79 328602 19 79614 42 29 Net amount of outstanding premiums 248987 77 30 1767970 86 31 Amount of premiums unpaid on policies which have been issued more than three months inside 8463 75 10 Total admitted assets 1767970 86 Accident Gross premiums unpaid Dec 811 last year Amount of same not collected Health Employers Liability Fidelity 3190286 204967 26840184 326622 2225 40156 Accident Health Employers liability Fidelity In process of adjustment 14240 00 890 00 53340 00 6115 00 LIABILITIES Resisted by Com pany on its own account 2460 00 1600 00 Resisted for employers 320310 00 3 Net amount of unpaid claim ac count 74585 00 4060 00 320310 00 Aggregate of unpaid claims 4 Gross premiums upon all unexpired risks running one one year or less from date of policy Premiums Unearned portion 50 per cent Accident 163624 36 81712 18 Health 11812 79 5656 40 398955 00COMPTROLLERGENERALS REPORT 421 Employers liability Fidelity 1195035 61 47568 33 597517 80 23784 17 Total one year or less 708779 55 5 Gross premiums upon all unexpired risks running more than one year from date of policy Premium Unearned premium pro raia Employers liability 51960 19 19490 51 Total for term policies 19490 51 6 Total unearned premiums as computed above carried out All other indebtedness unpaid commission on premiums collected 728261 06 3753 37 Total amount of all liabilities except capital stock 1130969 43 9 Joint stock capital actually paid up in cash statutory deposit 250000 00 10 Surplusbeyondcapitalandotherliabilities 387001 43 637001 43 11 Aggregate amount of all liabilities including statutory deposit and net s urplus 1767970 86 Business in the State of Georgia During the Year 1901 Risks written Premiums recd Losses paid Losses incurred Accident 639738 00 2843 28 202 35 302 35 Health 95063 00 422 50 Employers liability 774427 00 3441 SO 2019 31 1879 31 Fidelity 68780 00 305 69 3675 00 3225 00 Aggregate 1578008 00 7013 37 5896 66 5406 66 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Premiums Losses Tax 8380 18 5762 97 83 80 FIDELITY AND CASUALTY COMPANY OF NEW YORK N Y George F Seward President Robert J Hillos Secretary Principal Office 97103 Cedar Street New York City N Y E Oberdorper Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 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 incumbrances thereon 250000 00 567818 73422 COMPTROLLERGEXERALS REPORT 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 24521 43 13 Cash belonging to the company deposited in bank 183382 28 15 Total cash items Interest due and accrued on stocks not included in market value uncollected All other assets both real and personal as per schedule attached viz Rents due and accrued Due from all other companies for reinsurance on losses already paid agents balances secured Reserve reinsurance deposit cash in companys posses sion Net premiums in course of collection per schedule 3283989 Oo 207903 71 2731 91 672 06 6242 91 21034 50 351959 62 Total assets of the company actual cash market value 4442352 44 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 3 Losses resisted including interest costs and other ex penses thereon aiiUo ot 4 Total gross amount of claims for losses 5 Deduct reinsuaance thereon 6 Net amount of unpaid lossesJ Unearned premiums fifty per cent 1741405 10 8 Gross premiums without any deduction received and receivable upon all unex pired risks running more than one year from date of policy 243932 27 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 Contingent fund 1985337 37 59710 51 250000 00 Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 3112104 54 250000 00 1080157 90 24 Aggregate amount of all liabilities 4442352 44 IVINCOME DURING THE YEAR Accident Employers Burglary Fidelity Plate Steam Liability Surety Glass Boiler 1 G r o s s premiums unpaid Dec 31 last year PatS 1X80 38 208109 21 23439 81 12229 67 J 26789 26 g 49935 7 2 Gross prem i u m s written andCOMPTROLLERGENERALS REPORT 423 renewed du ring the year 169199108 1806980 05 411268 92 308723 39 275745 15 37253131 Total81885674 46 82015089 268434708 76 8 320953 06 8 302534 41 422467 31 3 Deduct Gross pre miums now in courseof collection 197072 10 211027 21 28134 21 11542 87 27102 92 51439 12 4 Entire pre miums coll ec ted during the year81683602 36 81804062 028406574 55 8 309410 19 5 275431 49 871028 19 5 D e d uct r ei n s u r ance aba te rn e n t re hate and re turn premi ums 497485 68 330075 82 67065 73 54432 56 37081 68 99851 73 6 Net cash actually re ceived or pre miums carriedout 1191116 68 81473986 20 8338908 82 8254977 63 8238349 81 8271176 46 9 Net cash actually received for premiuns carried out 3768515 60 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 116148 54 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 64 14958 and 355000 profit on sale or maturity of ledger assets during year over book value total 67699 58 15 Aggregate amount of income actually received during the year in cash 3952363 72 VEXPENDITURES DURING THE YEAR Accident Employers Burglary Fidelity Plate Steam Liability Surety Glass Boiler 1 G r o s s amount paid for claims ei c e p t i n g weekly in demnity 203102 03 8 8 2 G r o s s amount paid for weekly or other peri odical in demnity 826886 97 Total 8 529989 00 8 767609 32 8 120265 01 8 42637 43 8 100908 79 30642 46 3 D e d uct re1 n s ur ances sal vages and424 COMPTROLLERGENERALS REPORT r eeoveries o n losses p r eviously Paid 34000 42 1206 34 825 93 13389 23 16178 48 1745 54 Net paid policyhold ers 495928 68 766402 98 8 119439 08 29289 20 90730 311 28896 92 3 Net amount paid during the year for losses 1530637 07 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 56250 00 6 Paid for commissions or brokerage 984934 74 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 272794 68 8 Paid for State national and local taxes in this and other States 76377 19 9 All other payments and expenditures 753689 64 Aggregate amount of actual expenditures during the year in cashf 3674683 32 Business in the State of Georgia During the Year 1901 Aggregate Inland risks written 11902470 00 Premiums received gross 37089 54 Losses paid 14413 72 Losses incurred 14 113 72 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 12727537 00 Premiums 40497 75 LosseB 17469 98 Tax 404 98 FIDELITY AND DEPOSIT SURETY CO OF BALTIMORE MD Edwin Warpieid President Harry Nicodemus Secretary Principal Office Charles and Lexington Baltimore Md Aaron Haas Atlanta Attorney for service in Georgia iCAPITAL 1 Whole amount of capital stockj 2000000 00 IIASSETS 1 Market value of all 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 4621243 00 12 Cash in companys principal office 52582 74 13 Cash belonging to the company deposited in bank National Mechanics Baltimore 243570 79 Hanover National N Y 91490 53 Total cash items 37 644 06 17 Cash in hands of agents and in course of transmission 82906 99 Total assets of the company actual cash market value 5691794 05COMPTROLLERGENERALS REPORT 425 IIILIABILITIES 1 Losses due and unpaid 966 87 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses by principals on bonds 46178 43 3 Losses resisted including interest cost and other expenses thereon 134256 40 Losses proofs not filed 26843 14 4 Total gross amount of claims for losses 208244 84 6 Net amount of unpaid losses 208244 84 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fidelity surety risks running one year or less from the date of policy1409397 00 Unearned premiums fifty per cent 704698 55 20 Total amount of all liabilities except capital stock scrip and net surplus 912943 39 21 Joint stock capital actually paid up in cash 2000000 00 23 Surplus beyond capital and all other liabilities 2778850 66 24 Aggregate amount of all liabilities including capital paid up and net surplus 5691794 05 IVINCOME DURING THE YEAR Fidelity and Surety 3 Net collected 127013 89 4 Gross premiums on risks written and renewed during the year1211588 61 5 Total 1338602 50 6 Deduct premiums and bills in course of collec tion at this date 107544 73 7 Entire premiums collected during the year 1231057 77 8 Deduct reinsurance and return premiums 74998 96 9 Net cash actually received for premiums carried out 1206058 81 11 Received for interests and dividends on stocks and bonds 145363 43 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 38 03589 commissions safe deposit department etc 7932851 117364 40 13 Received for increase capital 500000 surplus paid on increase capital 700000 total1200000 15 Aggregate amount of income received during the year in cash 1468786 64 VEXPENDITURES DURING THE YEAR Fidelity and Surety 1 Gross amount actually paid for losses includ ing losses occurring in previous years 491461 65426 COMPTROLLERGENERALS REPORT Deduct all amounts actually received for sal vages whether on losses of the last or of previous years and all amounts actually received for reinsurances in other companies 41312 71 3 Net amount paid during the year for losses 450148 94 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 244963 25 6 Paid for commissions or brokerage 323523 60 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 92736 13 8 Paid for State national and local taxes in this and other States 52378 19 9 All other payments and expenditures viz Adjusting 5012945 rent 852492 legal expenses 1895911 real estate repairs 1154089 furniture 2 37081 ad vertising 451614 printing and stationery 1375933 postage 1066964 incidentals and development 56 29907 internal revenue 332182 total 893692 35 Aggregate amount of actual expenditures during the year in cash 1343841 29 Business in the State of Georgia Daring the Year Premiums received gross Losses paid Losses incurred 17439 36 6635 93 6635 93 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 2833935 00 Premiums 19210 65 Losses 5 556 65 Tax 192 10 GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OF NEW YORK Cornelius Van Cott President Louis H Fibel Secretary Home office 290294 Broadway New York City N Y Ike Winsiiip Macon Ga Attorney for Service inGeorgia icapital stock 1 Amount of capital stock au thorized 12500000 sub scribed for 125000 00 2 Amount of capital paid up in cash 125000 00 Amount of net ledger assets Dec 31st of previous year 198212 50 Extended at 198212 60COMPTROLLERGENERALS REPORT 427 IIINCOME DURING YEAR As SIioivi by Books at Home Office December 31 Accident 1 Gross premiums unpaid Dec 31 last year paid 14189 00 2 Gross premiums written and renewed dur ing year 211502 31 Total 225691 31 3 Deduct gross premiums now in course of collection 20115 16 4 Entire premiums collected during the year 205576 15 5 Deduct reinsurance abatement rebate and return premiums 49315 30 6 Net cash actually received for premiums carried out 10 Interest on bonds and dividends on stocks 6500 00 11 Interest upon deposits in bank 235 28 Total interest 12 Profit on sale or maturity of ledger assets during the year over book values 1056 25 14 Income from all other sources viz Li cense and fees 363 69 return premi ums 12603 advertising 300 station ery 16475 expense 1000 claim 2339 commissions 145264 2143 50 Total income during the year Sum IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December 31 Accident 1 Gross amount paid for claims excepting for weekly indemnity 6182 66 2 Gross amount paid for weekly or other pe riodical indemnity 38580 49 Total 44763 15 Net paid policyholders 4 Stockholders for interest or dividends 6250 00 5 Commissions or brokerage to agents less received on reinsurance 52682 04 6 Salaries travelingand all expenses of agents and agencies not on commission account 680 00 7 Inspections 744 50 8 Salaries and all other compensation of offi cers 1679900 home office employees 439648 21195 48 9 Taxes on premiums 177869 insurance department fees and agents licenses 156260 85 6735 28 3199 75 166 195 88 364408 38 41763 1542S COMPTROLLERGENERALS REPORT 76633 municipal licenses 45000 tax on franchise 36727 10 Rent 11 Legal expenses 12 Furniture and fixtures 5300 advertising 55050 printing and stationery 349069 14 All other items viz postage 137500 return premiums 143786 traveling ex pense 145768 revenue tax 57500 general expense 390680 Journal sub scription 12725 Total miscellaneous expenses Total disbursements 3362 29 1850 00 5584 40 4094 19 8879 59 105322 49 150085 64 Balance 214322 74 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 4 Book value of bonds excluding interest 13868169 and stocks 5117500 189856 69 5 Cash in companys office 730242 depos ited in bank National Park Bank 15 43073 Western National Bank 173290 total 1716363 24666 05 Total 214322 74 9 Total net ledger assets 214 322 74 1748 34 29 17 NONLEDGER ASSETS 11 Interest due and accrued on bonds and stocks 13 Interest due and accrued on bank balances 15 Total outstanding interest 17 Market value of bonds and stocks over book value 18 Gross premiums in course of collection to wit Accidentnot over three months due 1761056 unpaid commission thereon 567644 net premiums 11 93412 more than three months due not carried in 250460 total net not over three months due Gross assets 1777 51 8778 31 11934 12 Total admitted assets 236812 68 236812 68 vNONLEDGER LIABILITIES AccidentKnown or estimated proofs not filed 2173 11 Resisted by company on its own account not outlawed 4 gg Aggregate of unpaid claims and expenses 2595 96COMPTROLLERGENERALS REPORT 429 4 Gross premiums upon all unexpired risks running one year or less from date of policy Accident premiums 14284607 unearned portion 50 per cent 71423 33 6 Total unearned premiums as computed above carried out 71423 35 Total amount of all liabilities 74019 29 12 Joint stock capital actually paid up in cash 125000 00 13 Surplus beyond capital and other liabilities 37793 39 162793 39 Total 236812 68 GENERAL INTERROGATORIES 1 Losses incurred during the year 46159 11 2 Total amount of the companys stock owned by the di rectors at par value 58150 00 GUARANTEE INSURANCE COMPANY OF NORTH AMERICA MONTREAL CANADA Edward Rawlings President Robert Kekr Secretary James S Russell Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock subscribed 668600 00 2 Amount paid up in cash 304600 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 64350 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 862652 67 12 Cash in companys principal office and branches 243095 cash belonging to the company deposited in bank Bank of Montreal Montreal 32616 19 Quebec Bank Montreal 10000 00 Canadian Bank of Commerce Montreal 10000 00 Merchants Bank of Canada Mont real 10000 00 Dominion Bank Montreal 10000 00 Standard Bank of Canada Toronto 11554 44 Cuyler Morgan Co New York 20693 21 Chase National Bank New York 1198 00 Bank of Montreal Chicago 22443 44 Union Trust Co Pittsburg Pa 6929 07 National Bank of Kentucky Louisville Ky 1535 46 Bank of Buffalo Buffalo N Y 188 74 Philadelphia Trust Safe Deposit Insurance Co Philadelphia Pa 4015 92 Fourth Natl Bank Nashville Tenn 540 33 Third National Bank Atlanta Ga 4328 76 Continen430 COMPTROLLERGENERALS REPORT tal National Bank St Louis Mo 423 55 total cash items 15 Interest due and accrued on stocks not included in mark et value uncollected All other assets both real and personal 148898 06 8369 26 7590 86 Total assets of the company actual cash market value 1092860 So IIILIABILITIES 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 10739 34 65877 14 Total gross amount of claims for losses Deduct reinsurance theroon 76616 48 26688 57 6 Net amount of unpaid losses 4997 91 7 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running one year or less from date TTof poliy 20857068 Unearned premiums fifty per cent 104285 34 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising andfor agency and other miscellaneous exDenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Provision for contingencies Total 104285 34 6200 16 5000 00 21 Joint stock capital actually paid up in cash JSJS S 23 Surplus beyond capital and al other liabilities I 24 Aggregate amount of all liabilities including capital paid up and net surplus 1092860 85 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 3 Net collected 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 5 Ou Fidelity Risk 6781 10 Total 6781 10 216612 50 6 Deduct premiums and bills in courseof collection at this date 7 Entire premiums collected during the 223393 60 7990 38 year 215403 22COMPTROLLERGENERALS REPORT 431 8 Deduct reinsurance and return premiums 34999 39 9 Net cash actually received for premiums carried out 180403 83 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 Profit or sale of ledger assets over book value 5 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fidelity Kisks 180403 83 36755 68 2446 34 1727 24 1842 00 223175 09 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 previous year and all amounts actually received for reinsurances in other com panies 51198 44 11112 21 3 Net amount paid during the year for losses 40086 23 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 agerfts 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 7 01164 law charges 80997 advertising 138287 Printing and stationary 1297516 postages telegrams etc 795935 Inspection and revision expenses outside 10 40086 23 24368 00 4844 55 56612 37 6224 45 9604 85 10934 51 13029 71 Aggregate amount of actual expenditures during the year in cash in he State of Georgia During the Year 165304 30 Fidelity written Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year Premiums Losses Tax 2426550 00 7728 94 633 56 402 06 2506300 00 7599 24 636 34 75 99432 COMPTROLLERGENERALS REPORT HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY HARTFORD CONN J M Allen President J B Pierce Secretary Home Office 650 Main Street Hartford Jno A Perdue Atlanta Ga Attorney for Service I CAPTAL STOCK 1 Amount of capital stock authorized100000000 Subscribed for 50000000 2 Amount of capital stock paid up in cash 50000000 Amount of net ledger assets December 31 of previous year 2379717 85 Extended at 2379717 85 IIINCOME DURING YEAR As shown by the books at Home Office at close of business December 31 1901 Steam Boiler 1 Gross premiums unpaid De cember 31 last year paid 262813 27 2 Gross premiums written and renewed during year 1311166 85 Total 1573980 12 3 Deduct gross premiums now in course of collection 279387 92 4 Entire premiums collected during the year 1294592 20 5 Deduct reinsurance abate ment rebate and return premiums 153713 13 Net cash actually received for pre miums carried out 1140879 07 7 Rents from companys property 8 Interest on loans on mort gages of real estate 23309 26 10 Interest on bonds and divi dends on stocks 84675 01 11 Interest upon other debts due the company and on de posits in bank 3469 44 2896 30 Total rents and interest 12 Profit on sale of real estate 2115 on sale or maturity of securities 45 14 From all other sources viz Profit and loss credit being reduction of real estate re 111503 71 2160 00COMPTROLLERGENERALS REPORT 433 serve of previous year because of real estate sold 25000 00 Special mechanical services 3239 97 Total income during the year 1285679 05 Sum of both amounts 3665396 90 IIIDISBURSEMENTS DURING YEAR As shown by the books at Home Office at close of business December 31 1901 Steam Boiler 1 Gross amount paid for claims excepting weekly indem nity 111449 56 Net paid policyholders carried out 4 Stockholders for interest or dividends amount declared during the year 80 000 6 Commissions or brokerage to agents less received on reinsurance 7 Salaries traveling and all expenses of agents and agencies not on commission account 8 Inspections 9 Salaries and all other compensation of offi cers 32000 and home office employees 2088750 10 Taxes on premiums 1558371 taxes on real estate 55763 insurance department fees and agents licenses 327812 mu nicipal licenses 274897 internal reve nue 347709 11 Rent 12 Legal expenses 143480 real estate re pairs and expenses other than taxes 134466 13 Furniture and fixtures 526455 advertis ing 1955246 printing and stationery 1608858 14 Loss on sales of real estate 5681 losses on sales or maturity of securities 776098 15 All other disbursements Office expenses Total miscellaneous expenses 97766565 Total disbursements during the year i lyg 115 2 Balance 2496281 69 IVLEDGER ASSETS As per ledger accounts shown by the books at Home Office at close of business December 31 1901 1 Book value of real estate unincumbered 38750 00 2 Mortgage loans on real estate first liens 510345 00 28 in 111449 56 80000 00 292602 22 123322 13 423818 03 52887 50 25645 52 4833 33 2779 46 40905 59 7817 79 3054 08434 COMPTROLLERGENERALS REPORT 4 Book value of bonds excluding interest 157585587 and stocks 22103645 1796892 32 5 Cash in companys office 7663 deposited in banks Conn River Banking Co Hart ford Ct 5263743 Hartford Nat Bank Hartford Ct 2244272 United States Bank Hartford Ct 796363 Security Company Hartford Ct 2045485 Nat Shawmut Bank Boston Mass 1090222 Central Nat Bank Phila Pa 262217 Union Nat Bank Cleveland O 325180 Union Trust Co Bank Chicago 111 12 67909 National Bank of Commerce St Louis Mo 623371 New York National Exchange Bank New York NY 344375 142631 37 Total net ledger assets 2496281 69 NONLEDGER ASSETS 9 Interest accrued on mortgages 14742 34 Total oustanding interest and rents 14742 34 16 Market value of bonds and stocks over book value not in cluding interest in item 10 132222 68 17 Gross premiums in course of collection not debited to au thorized agents to wit Steam BoilerNot over three moths due 279387 92 Unpaid commissions thereon 41908 19 Net premiums 237479 73 Total net not over three months due 237479 73 Gross assets 2880726 44 Total admitted assets 2880726 44 NONLEDGER LIABILITIES 1 Total gross amount of claims Steam BoilerIn process of adjustments 45121 51 Aggregate of unpaid claims and expenses 45121 51 4 Gross premiums upon all unexpired risks running one year or less from date of pol icySteam Boiler premiums 9073855 unearned portion 50 per cent 45369 27 5 Gross premiums upon all unexpired risks running more than one year from date of policySteam Boiler premiums 3060 43280 unearned premiums pro rata 1600107 65 Total unearned premiums and reserve as computed above carried out 1645476 92 Total liabilities 1690598 43 13 Capital stock paid up in cash 500000 00 14 Surplus beyond capital and other liabilities 690128 01 1190128 01 Total 2880726 44COMPTROLLERGENERALS REPORT 435 Business in the State of Georgia during the Year Steam Boiler Risks written1761650 00 Premiums received 15784 93 Losses paid 1727 39 Losses incurred 145 10 Amount at risk end of year 3852511 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year1330700 00 Premiums 13100 46 Losses 1411 44 Tax 131 00 LLOYDS PLATEGLASS INSURANCE COMPANY NEW YORK William T Woods President Charles E W Chambers Secretary Principal Office 63 Williams Street New York City A L Waldo Atlanta Ga Attorney for Service iu Georgia icapital stock 1 Amount of capital stock paid up in cash 250000 00 Amount of net ledger assets December 31st of previous year Extended at 569891 56 IIINCOME DURING YEAR As shown by books at home office December 31st Plate Glass 569891 56 1 Gross premiums unpaid December 31 last year 2 Gross premiums on risks written and re newed during the year Total 3 Deduct gross premiums in course of collec tion at this date 4 Entire premiums collected during the year 5 Deduct rebate and return premiums 6 Net cash actually received for premiums carried out 9 Interest and dividends on stocks and bonds 11 Rents 62237 65 448519 53 510757 18 62297 69 448459 49 23330 37 425129 12 425129 12 10589 70 13326 17 Total interest 23915 87 15JTotal income actually received during the year in cash 449044 99 Aggregate last balance and income 1018936 55 436 COMPTROLLERGENERALS REPORT II DISBURSEMENTS DURING THE YEAR As shown by books at home office December 31st Plate Gloss Gross amount paid for matured claims other than weekly indemnity 214052 39 Total Deduct reinsurance and salvages including recoveries on account of losses previously paid Net paid policyholders 10 11 12 13 14 15 To stockholders for interest or dividends 10 per cent To commissions to agents To salaries traveling and all expenses of agents and agencies not on commission account To salaries and all other compensation of officers 1250000 and home office em ployees 3788159 To taxes on premiums 549768 taxes on property 482258 insurance dept fees and agents licenses 436973 municipal licenses 171260 To rent To legal expenses 40968 real estate ex penses 521886 To furniture and fixtures To advertising 182191 and general print ing and stationery 269399 To losses on ledger assets actually sold un der cost To all other items viz Postage and express 362554 sundries 438469 internal revenue tax 142930 profit and loss 3644 Total miscellaneous expenses Total disbursements 214052 39 16172 99 2500000 135276 25 2252 19 50381 59 16402 59 2302 96 5628 54 102 15 4515 90 16108 25 9475 97 197879 40 267446 39 465325 79 Balance 553610 76 IIIASSETS As per ledger account shoum by books at home office December 31st 1 Book value of real estate after deducting of incumbrances 4 Book value of bonds and stocks owned ab solutely 5 Cash in companys office 6 Cash deposited in banks Total 553610 245763 18 289295 94 5306 88 13244 76 553610 76 Total nst ledger assets per balance on page 1COMPTROLLERGENERALS REPORT 437 OTHER OR NONLEDGER ASSETS 18 Market value of real estate over book value 19236 82 19 Market value of bonds and stocks over book value not including interest in item 13 48078 46 20 Gross premiums in course of collection to wit Plate glass premiums 6099336 unpaid commissions there on 1524834 total net amount of outstanding pre miums 45745 02 29 Total gross outstanding premiums per item 3 of income 62297 69 11 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising agency and other expenses including plate glass and glazing Total amount of all liabilities except capital stock Joint stock capital actually paid up in cash 250000 00 3214 02 Total assets as per the books of the company 664661 06 IVNONLEDGER LIABILITIES Total gross amount of claims in process of adjustment 3214 02 Aggregate of unpaid claims and expenses Gross premiums upon all unexpired risks running one year or leas from date of pol icy Plate glass premium 36929993 unearned portion 50 per cent 184649 96 Gross premiums upon all unexpired risks running more than one year from date of policy Plate glass premiums9591777 unearned premium pro rata 47804 48 232464 39 12732 29 248400 70 416260 36 12 Surplus beyond capital and other liabilities 166260 36 13 Aggregate amount of all liabilities including paidup cap ital stock and net surplus 664661 06 VRISKS AND PREMIUMS Plate Glass Amount at Risk Premiums Thereon In force December 31 preceding year 18327590 00 463049 42 Written or renewed during the year 16177614 00 448519 53 911568 95 446321 25 Total 34505204 00 Deduct expirations and cancellations 17442180 00 Balance 17063024 00 465247 70 Net in force December 31 1901 17063024 00 465247 70 Business in the State of Georgia during the Year 1901 Plate glass Aggregrte Risks written 50338 38 50338 38 Premiums Received 11405 64 1405 64 Losses Paid 271 22 271 22 Losses Incurred 210 33 210 33438 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 52423 48 Premiums 1470 13 Losses 266 13 Tax 14 70 UNITED STATES BRANCH OF THE LONDON GUARANTEE AND ACCIDENT COMPANY OF LONDON ENG A W Masters General Manager Home Office 315 Dearborn St Chicago 111 E M Durant Atlanta Attorney for Service in Georgia ICAPITAL STOCK 2 Amount of capital paid up in cash 200000 00 Amount of net ledger assets December 31st of previous year 1022477 72 Extended at 1022477 72 IIINCOME DURING YEAR As Shown by Books at Home Office December Slst Employers Accident Liability 1 Gross premiums unpaid Dec 31st last year paid 21720 09 122536 60 2 Gross premiums written and renewed during year 183143 60 910963 26 Total 204863 69 1033499 86 3 Deduct gross premiums now in course of collection 18202 34 131517 32 4 Entire premiums collected during the year 186661 35 901982 54 5 Deduct reinsurance abate ment rebate and return premiums 24085 37 84809 19 6 Net cash actually received for premiums carried out 162575 98 817173 35 979749 33 10 Interest on bonds and dividends on stocks 35910 33 11 Interest upon other debts due the company and on deposits in bank 567 59 Total interest 36477 92 Total income during the year 1016227 25 Sum 2038704 97COMPTROLLERGENERALS REPORT 439 IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December Slst 1 Gross amount paid for claims except ing weekly in demnity 2 Gross amount paid for weekly o r other periodical indemnity Accident Employers Liability Fidelity and Surety 16583 37 425345 15 644 50 60189 83 Total 76773 20 425345 15 644 50 Net paid policy holders 76773 20 425345 15 644 50 4 Stockholders for interest or dividends amount declared during the year 5 Commissions or brokerage to agents less received on reinsurance 269571 18 6 Salaries traveling and all expenses of agents and agencies not on commission account 9976 30 7 Medical examiners fees and salaries in spections 7390 62 8 Salaries and all other compensation of offi cers 18000 and home office employees 2888011 46880 11 9 Taxes on premiums 1757271 taxes on property 3841 insurance department fees and agents licenses 268006 mu nicipal licenses 28882 revenue stamps 305612 23636 12 10 Rent 5158 36 11 Legal expenses 2700 80 12 Furniture and fixtures 40376 advertising 349382 printing and stationery 6 19842 10096 00 14 All other items viz Traveling 238426 postage 321134 exchange 20613 trustees and auditors 255000 sundry 1083335 19185 08 502762 85 46866 95 Total micellaneous expenses 394594 57 Total disbursements 944224 37 Balance 1094480 60440 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS As per Ledger Accounts Shoion by the Books at Home Office at Close of Business December 31 s 4 Book value of bonds 997953 63 5 Cash in Companys office 5122697 de posited in bank Merchants Loan Trust Co Bank Chicago 111 to credit of United States Trustees 9530000 96526 97 Total 1094480 60 DEDu6t LEDGER LIABILITIES 9 Total net ledger assets 1094480 60 NONLEDGER ASSETS 11 Interest accrued on bonds and stocks 10147 55 15 Total outstanding interest 10147 55 17 Market value of bonds and stocks over book value 22339 05 More than 3 Not over Unpaid Coin Net months due 3 months mission Preml Not car due thereon urns riedin Accident 16250 32 4468 83 11781 49 1952 02 Employers lia bility 128371 75 35302 23 93069 52 3145 57 144622 07 37771 06 104851 01 Total net not over three months due 104851 01 Gross assets 1231818 21 DEDUCT ASSETS NOT ADMITTED Total admitted assets 1231818 21 VNONLEDGER LIABILITIES Resisted by Estimated ex Co on its penses incident In process own account to settle of adjust not out ment ment lawed Accident11435 00 1100 00 Employersliability 68965 0 3000 00 217000 00 1 Total gross amount of claims 80400 00 4100 00 217000 00 3 Net amounts of unpaid claim account 80400 00 4100 00 217000 00 Aggregate of unpaid claims and expenses 4 Gross premiums upon all un expired risks running one year or less from date of policy Accident premiums 10693271 unearned por tion 50 per cent 53466 35 301500 00COMPTROLLERGENERALS REPORT 441 Employers liability premi ums 99476293 unearned portion 50 per cent 347381 46 Total one year or less 400847 81 5 Gross premiums upon all un expired risks run ning more than one year from date of policy Employers lia bility 1715929 unearned premium pro rata 9980 55 Total more than one year 9980 55 6 Total unearned premiums as computed above carried out 8 Salaries rent expenses taxes bills accounts fees etc due or accrued 10 For reinsurance 11 All other liabilities viz Reserve for State fees and taxes 2000000 contingent reserve 5000000 Total amount of all liabilities 12 Jointstock capital actually paid up in cash statutory deposit 200000 00 13 Surplus beyond capital and other liabilities 244988 76 410728 36 3934 80 666 29 70000 00 786829 45 444988 76 Total 1231818 21 GENERAL INTERROGATORIES 1 Losses incurred during the year 502762 85 Business in the State of Georgia During the Year Risks Premiums Losses Losses Amount at Risk Written Received Paid Incurred End of Year Accident 854500 00 2337 06 618 78 618 78 733500 00 Employers liability 450000 00 3384 28 763 54 763 54 430000 00 Aggregate 1304500 00 5721 28 1382 32 1382 32 1163500 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 1547000 00 Premiums 6647 21 Losses 1269 68 Tax 6647 MARYLAND CASUALTY COMPANY OF BALTIMORE MD John T Stone President Wm Edward Thomsen Secretary Principal Office Equitable Building A Haas Sons Atlanta Attorney for Service in Georgia 1 Amount of capital paid up in cash CAPITAL 750000 00 442 COMPTROLLERGENERALS REPORT Amount of net ledger assets December 31st IIINCOME DUKING THE YEAR Accident Employers Sprinkler Plate Steam Health Liability Leakage Glass Boiler 1 Gross premiums unpaid Dec 31last yearS 44278 95 269072 87 4181 45 t 15470 26 S 14211 40 f 448 75 2 G r o s s premiums on risks written and renewed du ring the year 249902 49 1511664 27 45071 87 126890 61 70208 24 21341 74 294181 44 1780737 14 49253 32 142360 77 t 84419 618 21790 49 3 Deduct gross pre mium s in course of collection at this date 4 E n t ire 40149 27 272813 53 6224 03 18663 64 17419 84 4732 62 premiums c o 11 e c ted during the year 254032 17 1507893 61 43029 29 S 123697 13 66999 80 17057 87 5 Deduct r ei n s u r ance abate in ent re bat e and return pre miums 6 Net cash 65767 58 268712 67 3210 89 20993 92 13198 10 2870 95 actually re ceived for premiums carried 183264 59 1239180 94 39818 40 102703 21 8 53801 70 14186 92 163793 76 8 Interest on collateral loans 13542 92 9 Interest and dividends on stocks and bonds 62609 08 10 Interest upon other debts due the company 1265 01 13 From inspection fees 41 081 26 14 Income 15 Total ir from all other sources 41 081 96 come actually received during the year in cash 1756454 OS Aggregate last balance and income 3780 418 56 HIDISBURSEMENTS DURING THE YEAR ccident Employers Sprinkler Plate Steam Health 1 Gross Liability Leakage Glass Boiler a mount COMPTROLLERGENERALS REPORT 443 paid for m a tured claims other than weekly in demnity 36600 00 33981132 20860 71 59782 52 8 49780 07 3300 15 2 Gross amount paid lor weekly or other peri odical in demnity 53367 21 45445 59 Total 89967 21 385256 911 20860 71 59787 52 4978 07 3300 15 3 Add ex pense of in vestigating and adjust ing claims 5425 69 200266 51 615 21 82 61 356 15 102 01 Net paid policyhold ers 95392 90 585523 42 21475 92 8 59870 13 8 5334 22 8 3402 15 770998 74 4 To stockholders for interest or dividends 10 per cent 75029 75 5 Commissions to agents 450922 18 6 Salaries traveling and all expenses of agents and agencies not on commission account 108951 98 7 Inspections 47540 35 8 Salaries and all other compensation of offi cers 1895509 and Home office em ployees 2765247 46607 56 9 Taxes on premiums 2487162 taxes on property 1339743 insurance dept fees and agents licences 160832 municipal licenses 197952 revenue tax 605674 total 5791363 10 Rents including for companys occupancy of its own buildings 4582 83 12 Furniture and fixtures 2061 61 13 Advertising 921841 and general printing and stationery 899778 18216 19 14 Losses on ledger assets actually sold under cost 26 40 15 All other items viz General expense 467773 postage 292424 agents bal ances uncollectable chgd off 34142 total 7943 39 Total miscellaneous expenses 819795 87 16 Total disbursements 1590794 61 Balance 2189623 95444 COMPTROLLERGENERALS REPORT IVASSETS 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Market value of bonds and stocks owned absolutely 5 Cash in companys office 6 Cash deposited in banks 7 Bills receivable unsecured 8 Agents debit balances unsecured 9 All other items viz Ground rent first lien under Maryland laws on improved business property cen trally located in Baltimore worth 235000 00 Furniture costs 11688 68 Aggregate amount of all assets of the company stated atT their actual value Less agents credit balances Total net ledger assets7 99730 00 1899078 38 9148 43 67181 94 3147 04 13835 79 100000 00 100 00 2192221 58 2597 63 2189623 95 NONLEDGER ASSETS Accrued items Market value of stocks and bonds over book value Gross premiums in course collection less commissions Gross assets Deduct assets not admittedFurniture 100 00 Agents debit balances and bills receivable 16982 83 Total admitted assets 8465 7 36637 86 258724 12 2493451 69 17082 83 2476368 86 VLIABILITIES Accident 7725 30 Employers lia bility 46222 22 Sprinkler leak age 979 48 Plate glass 3912 84 Sceam boiler 500 00 Health 516 07 In process of Known or re Resisted by Suits resisted adjustment ported company on lor employ proofs not its own ac ers filed count 9763 47 13392 50 160846 40 4840 00 1431 00 150 00 470 00 1 Total gross amount of claims 59855 91 16654 47 13392 50160846 40 Aggregate of unpaid claims and expenses 250 749 s 4 Gross premiums upon all un expired risks running one year or less from date of policy Accident premi ums 15433802 unearned portion 50 per cent 77169 01COMPTROLLERGENERALS REPORT 445 Employers liability premi ums 101059748 unearn ed portion 50 per cent 505298 75 Sprinklers leakage premi ums 42434 12 unearned portion 50 per cent 21217 06 Plate glass premiums 105 06761 unearned portion 50 per cent 52533 81 Steam boiler premiums 31 20215 unearned portion 50 per cent 15601 08 Health premiums 1751575 unearned portion 50 per cent 8757 88 Total one year or less 680577 59 5 Gross premiums upon all un expired risks running more than one year from date of policy Employers lia bility premium 4432870 unearned premium pro rata i6016 22 Plate glass premium 2 98573 unearned premium pro rata 1024 60 Steam boiler premium 80 23113 unearned premium pro rata 41542 25 Total for term policies 58583 07 6 Total unearned premiums as computed above carried out 8 Due and accrued for salaries rent advertising agency and other expenses safety reserve for liability depart ment 739160 66 50000 00 Total amount of all liabilities except capital 1039909 94 11 Capital actually paid up in cash 750000 00 12 Surplus beyond capital and all other liabili ties 686458 92 1436458 92 13 Aggregate amount of all liabilities including paidup capital and net surplus 2476368 86 Business in the State of Georgia During the Year Risks written At risk end of year 600 00 111630 52 8537 26 1096300 00 8537 20 Premiums Losses paid received Losses in curred Accident5 Employers lia bility 842000 00 15835 35 6243 55 828500 00 6243 55 Sprinkler leak age 40000 00 440 00 30 75 40000 00 30 75446 COMPTROLLERGENERALS REPORT Plate glass 24358 32 1554 94 1150 09 32262 78 1150 09 Steam boiler 316500 00 1190 40 156 34 451500 00 156 34 Health 328500 00 1036 74 89 57 250000 00 89 57 Aggregate 6637958 32 31687 95 16207 56 2698562 78 16207 56 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 1778812 00 Premiums 32404 63 Losses 17947 44 Tax 324 04 METROPOLITAN PLATE GLASS INSURANCE CO NEW YORK N Y Eugene H Winslow President S Wm Burton Secretary Principal office 47 Cedar Street N Y Henry M North Augusta Attorney for service in Georgia iCAPITAL 1 Whole amount of capital stock 100000 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 375999 00 12 Cash in companys principal office 1613 23 13 Cash belonging to the company deposited in bank Corn Exchange Bank New York 3181560 Kings Co Trust Co Brooklyn 4404398 Peoples Trust Co Brooklyn 4354615 Union Trust Co NY 135629 U S Trust Co 1000 total 12176202 Total cash items 123375 25 15 Interest due and accrued on stocks not included in market value uncollected 564 98 16 Net premiums in course of collection 32292 50 17 Plate glass on hand to replace losses 2411 33 18 Sundry accounts due for glass sold 368 65 Total assets of the company actual cash market value 535011 71 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 4540 76 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of Plicy 304304 81 Unearned premiums fifty per cent 152152 41 11 Total unearned premiums 152 152 41 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 2796 63 20 Total amount of all liabilities except capital stock scrips and net surplus 159489 g0COMPTROLLERGENERALS REPORT 447 21 Joint stock capital actually paid up in cash 100000 00 23 Surplus beyond capital and all other liabilities 275521 91 24 Aggregate amount of all liabilities including capital paid up and net surplus 535011 71 IVINCOME DURING THE YEAR Plate Glass 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 45974 86 3 Net collected 45974 86 4 Gross premiums on risks written and renewed during the year 343695 71 5 Total 389670 57 6 Deduct premiums and bills in course of col lection at this date 47806 18 7 Entire premiums collected during the year 341864 39 8 Deduct reinsurance and return premiums 44068 83 9 Net cash actually received for premiums 297795 56 10 Received for interest on bonds and mortgages 297795 56 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 13779 68 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1179 98 15 Aggregate amount of income actually received during the year in cash 312755 22 VEXPENDITURES DURING THE YEAR Plate Glass 1 Gross amount actually paid for losses in cluding 554396 losses occurring in pre vious years 128109 36 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 663111 and all amounts actually received for reinsurances in other companies 6631 11 3 Net amount paid during the year for losses 121478 25 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20000 00 6 Paid for commissions or brokerage 101330 01 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 37411 34 8 Paid for State national and local taxes in this and other states 9622 90 9 All other payments and expenditures viz Rent 864874 legal and real estate expenses 98060 profit and loss448 COMPTROLLERGENERALS REPORT 397 furniture and fixtures 195141 printing and stationery 264289 sundries 852725 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 23419 86 313262 36 Plate Glass 57146 76 1202 75 431 93 411 3 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year Premiums Losses Tax 58494 70 1476 81 568 13 14 76 NATIONAL SURETY COMPANY OF NEW YORK N Y Chas A Dean President Ballard McCall Secretary Principal Office 346 Broadway New York W T Crenshaw Atlanta Attorney for Service in Georgia 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 91775 801 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1192489 50 12 Cash in the companys principal office 3659 96 13 Cash belonging to the company deposited in bank National Park Bank New York 1433862 Fourth National Bank New York 497939 WellsFargo Cos Bank New York 66745 Bowling Green Trust Co New York 920808 Central National Bank New York 8353435 Central Real ty Bond and Trust Co New York 259669 Union National Bank Kansas City Mo 99986 Chicago National Bank Chicago HI 556211 Atlas National Bank Cincin nati O 94903 Merchants National Bank St Paul Minn 4493 85 Anglo California Bank Limited San Francisco Cal 1521171 Third National Bank St Louis Mo 39242 MerchantsLaclede National Bank St Louis Mo 45686 SeCOMPTROLLERGENERALS REPORT 449 curity Bank of Minnesota Minneapolis Minn 210227 Dime Saving and Banking Co Cleveland 0 248551 Century Na tional Bank Cleveland 0 207672 West ern Reserve Trust Co Cleveland O 1723730 State National Bank Cleveland O 500000 Prudential Trust Co Cleve land O 251396 Niagara Bank of Buf falo Buffalo N Y 25562 Detroit Na tional Bank Detroit Mich 136766 Quaker City National Bank Philadelphia Pa 32300 Franklin Trust Co Brooklyn New York 90060 Williamsburg Trust Co Brooklyn N Y 100728 Capital Nation al Bank Indianapolis Ind 126165 In ternational Trust Co Boston Mass 2 35678 National Bank of Redemption Boston Mass 171000 German National Bank Little Rook Ark 27702 Corn Ex change Natl BankChicago 111 245456 total 166720 25 Total cash items j70 33Q gj 15 Interest due and accrued on bonds not included in mar ket value uncollected 7 554 jg 17 Premiums in hands of agents and in course of trans mission 44098 30 18 Amounts advanced on contracts secured 12 744 02 Total assets of the company actual cash market value 1519041 19 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 24319 19 3 Losses resisted including interest costs and other expenses thereon 36502 69 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 61770561 unearned premiums fifty per cent 308852 80 11 Total unearned premiums as computed above carried out 16 Special reserve for contingent claims 29 in 60821 308852 80 21000 00450 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance 374 75 Trust funds etc 85497 25 476546 68 500000 00 542494 51 20 Total amount of iiabilities 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 1519041 19 IVINCOME DURING THE YEAR Fidelity and Surety 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 49996 02 2 Deduct amount of same not collected 1244 78 9 10 11 12 15 Net collected 48751 24 Gross premiums on risks written and renewed during the year 766845 89 Total 815597 13 Deduct premiums and bills in course of col lection at this date 48998 11 766599 02 116770 46 Entire premiums collected during the year Deduct reinsurance and return premiums Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks und bonds collateral loans and from all other sources Income received from all other sources omitting in crease if any in value of securities viz Trust funds 868104 rents from real estate 171009 1039113 less suspense ac Dr 1018611 total Aggregate amount of income actually received during the year in cash 149828 56 461 35 41890 92 205 02 692385 85 V EXPENDITURES DURING THE YEAR Fidelity and Surety 1 Gross amount actually paid for losses includ ing losses occurring in previous years 232844 07 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous years and all amounts actually received for reinsurance in other compa nies 57083 56 3 Net amount paid during the year for losses 4 Gash dividends actually paid stockholders amount stockholders dividends declared during the year of 175760 51 50000 00COMPTROLLERGENERALS REPORT 45l 6 Paid for commissions or brokerage 67 897 31 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 199 945 2 8 Paid for State national and local taxes in this and other States 18723 17 9 Allotherpaymentsandexpendituresviz Rent1239163 legal expenses 1867758 real estate repairs and ex penses other than taxes 151368 printing and sta tionery 2181832 losses on ledger assets sold or ma tured under book value 421 35 postage and express 1917779 telegraph and telephone 277815 Cosurety 433300 H O traveling expenses 1147565 inspec tion and loss expenses and sundries 4442814 137 015 29 Aggregate amount of actual expenditures during the year in cash 649342 i0 Business in the State of Georgia During the Year Fidelity and surety risks writtenp 2 057 242 00 Premiums received gross 6 59 Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ESTDING APRIL 30 1902 Risks written during the year I 2 110 040 00 fremiumS 73U66 JrSSeS 185867 NEW YORK PLATE GLASS INSURANCE COMPANY NEW YORK Max Danziger President Major A White Secretary Principal Office 24 Pine Street N Y Henry S Jackson Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock y 100 000 00 2 Amount paid up in cash 100 000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being second liens on the fee simple I 2 000 00 3 Interest accrued on bonds and mortgage loans 89 50 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 386 535 00 12 Cash in companys principal office 355 46 13 Cash belonging to the company deposited in bank Real Estate Trust Co 17 707 80 Mech Traders Bank 265 00 Total cash itemsT 9 17 Cash in hands of agents and in course of transmission 33466 88 Total assets of the company actual cash market value 44319T4452 COMPTROLLERGENERALS REPORT IIILIABILITIES 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 3234 84 6 Net amount of unpaid losses 11 Total unearned premiums as computed above carried out 14 Amount of dividends declared but not yet due 17 Due and accrued lor 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 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 Plate Glass Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 48995 46 3 Net collected 48995 46 4 Gross premiums on risks written and re newed during the year 332317 16 5 Total 381312 62 6 Deduct premiums and bills in course of col lection at this date 50112 35 7 Entire premiums collected during the year 331200 27 8 Deduct reinsurance and return premiums 60725 20 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks andb nds collateral loans and from all other sources 12 Sale of securities 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Plate Mass Risks 1 Gross amount actually paid for losses in cluding 325358 losses occurring in pre vious years 111039 42 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 684343 and all amounts 3231 84 138781 20 5000 00 517 33 1671 55 149204 92 100000 00 14414 22 443619 14 270475 07 11566 60 2175 00 284216 67COMPTROLLERGENERALS REPORT 453 actually received for reinsurances in other companies 6843 43 3 Net amount paid during the year for losses 101195 99 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 10 000 00 6 Paid for commissions or brokerage 86345 57 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 35008 56 5 Paid for State national and local taxes in this and other States 10100 52 9 All other payments and expenditures 15682 79 Aggregate amount of actual expenditures during the year in cash 261333 43 Business in the State of Georgia During the Year Plate Glass Risks Plate glass risks written 24927 11 Premiums received gross 798 10 Losses paid 610 95 Losses incurred 685 95 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 22188 00 Premiums 755 42 Losses 407 35 Tax 7 55 NORTH AMERICAN AC3IDENT INSURANCE CO CHICAGO ILL E E Crepin President A E Forrest Secretary Principal Office 217 LaSalle Street Chicago 111 Sheiard Bryan Atlanta Attorney for Service in Georgia icapital stock 1 Amount of capital stock pail up in cash 100000 00 Amount of net or ledger assets De cember 31 of previous year 16L245 59 Extended at 160245 59 iiincome during year 1901 1 Gross premiums unpaid December 31 last year 67793 50 1 Gross premiums written and re newed during the year 287434 13 Total 355227 63 2 Deduct gross premiums now in course of collection 7346d 38 3 Entire premiums collected during year 28176125454 COMPTROLLERGENERA LS REPORT 3J Deduct reinsurance abatement rebate and return premiums 79971 77 4 Net cash actually received for premiums carried out 201789 48 8 Cash received for interest on mort gage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on pre mium notes loans or liens 11 Cash received for interest on other debts due the company Total interest 8121 57 4468 42 298 95 2833 78 520 42 Total income 209911 05 Total 370156 14 IIIDISBURSEMENTS DURING THE YEAR 1901 1 Gross amount paid for claims except weekly indemnity 15888 33 2 Gross amount paid for weekly or other periodical indemnity 47309 75 3 Total 63 198 08 4 Deduct reinsurance salvages and recoveries on losses previously pai 958 91 17 IS 19 20 23 24 26 27 28 29 Net paid policyholders Cash paid for commissions and bonuses to agents less commission on reinsurance new policies renewals Salaries traveling and all other expenses of agents not on commission account Cash paid for medical examiners fees inspection of risks Cash paid for salaries and all other compensa tion of officers and other home office em ployees Cash paid for insurance department fees and agents licenses municipal licenses Cash paid for rent etc Cash paid for furniture fixtures and safes for home and agency offices Cash paid for adveitising printing Cash paid for real estate expenses other than taxes for legal expenses Cash paid for the following items viz Sun dry expenses 321427 postage 173675 62239 17 67064 38 3000 00 1156 00 33818 91 2178 25 2987 53 394 77 5399 43 324 5130 31 2 3 6 7 8 10 11 12 13 1415 16 20 23 25 26 1 2 it 4 5 6 7 15 16 19 COMPTROLLERGENERALS REPORT adjutingclaims 201775 internal revenue 268243 traveling expenses 223045 11911 65 455 190771 60 Total miscellaneous expenses 128535 43 179382 04 178980 65 746 70 2000 00 55099 79 IVASSETS AS PER LEDGER ACCOUNTS Loans on mortgage first liens on real estate 70050 00 Loans secured by pledge of bonds stocks or other marketable collaterals 9000 00 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 4S545 77 Cash deposited in banks 43623 57 Agents debit balances secured 6953 87 Total net or ledger assets as perbal 179382 04 401 39 Deduct depreciation from cost of assets to bring same to market value Total net or ledger assets less depreciatio OTHER ASSETS Interest due and accrued on bonds and stocks Interest due and accrued on collateral loans l 558 80 41 24 146 66 Total carried out Office furniture and fixtures Gross premiums in course of collection Jew Business 73466 38 18366 59 ITEMS NOT ADMITTED Judgments furniture fixtures and VLIABILITIES Claims known or estimated proofs not filed Gross premiums upon all unexpired risks running one year or less 1646292 safes 236827 14 2000 00 5117 89 80731 46 8000 00 234827 14 8884n 35 145977 79 234827 14 Salaries rent expenses taxes bills accounts Total amount of all liabilities Joint stock capital paid up in cash Surplus beyond capital and all other liabilities 100000 00 45977 79 Total liabilities 456 COMPTROLLERGENERALS REPORT f OCEAN ACCIDENT AND GUARANTEE CORPORATION LIMI1ED LONDON ENGLAND Oscar Ising General Manager Principal Office 346 Broadway New York II V Godbold Atlanta Attorney for Service in Georgia iCAPITAL I Whole amount of deposit capital stock 250000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1708389 75 12 Cash in companys principal office 11704 49 13 Cash belonging to the company deposited in bank 22280 82 Total cash items 33985 31 17 Cash in lunds of agents and in course of transmission 72467 37 Total assets of the company actual cash market value 1814842 43 IIILIABILITIES 7 Reserve for contingent claims and claims resisted for em Ployers 164013 03 Unearned premiums fifty per cent 404529 81 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running inoie than one year from date of policy 31528 94 II Total unearned premiums as computed above carried out 436058 75 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 4000 00 20 Total amount of liabilities except capital stock scrip and net surplus 604071 78 23 Surplus beyond capital and all other liabilities 1210770 65 24 Aggregate amount of all liabilities including capital paid up and net surplus 1814842 43 IVINCOME DURING THE YEAR On all Kinds 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 56475 52 4 Gross premiums on risks written and renewed during the year1293312 51 6 Total 1349788 03COMPTROLLERGENERATES REPORT 457 6 Deduct premiums and bilis in course of collec tion at this date 8 9 11 96623 16 1253164 87 191460 10 Net cash actually received for premiums carried out Received for interests and dividends on stocks and bonds collateral loans and from all other sources Entire premiums collected during the year Deduct reinsurance and return premiums 1061704 77 24494 60 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 5 Cash of adjustment and legal expenses in settlement of claims 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 696584 legal 471955 furniture 408293 advertising 256417 printing and stationery 1347568 Sub Mer Agency 267750 postage 351015 TJ S revenue 327718 pub sub 65 50 traveling 1188909 discount and ex change 59098 general expense 721739 insurance brokerage 39624 inspection 583412 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year 1086199 37 284704 14 15638 75 254001 01 79496 89 17650 07 67266 32 Fire marine and inland risks written Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks writtten during the year Premiums Losses Tax 718757 18 Aggregate 1058650 45 8799 54 1666 39 1666 89 1860816 29 11293 26 5118 79 112 93 PACIFIC SURETY COMPANY SAN FRANCISCO CAL President Wallace Everson TSecretary A P Redding Principal office 336 Montgomery St San Francisco California H S Jackson Atlanta Attorney for Service in Georgia capital stock 1 Amount of capital stock paid up in cash 250000 00458 COMPTROLLERGENERALS REPORi Amount of net or ledger assets December 31st of previous year 312556 64 Extended at 312556 64 IIINCOME DURING YEAR 1901 Steam Plate Glass Boiler Surety 1 Gross premiums un paid December 31st last year 2669 02 425 38 4456 26 2 Gross premiums on risks written and re newed during year 31762 07 4134 34 65924 27 Total 34431 09 4559 72 70380 53 3 Deduct gross pre miums in course of collection at this date 3837 33 14629 66 4 Entire premiums col lectedduring the year 30593 73 4559 72 55750 87 5 Deduct reinsurance abatement rebate and return premiums 1185 35 2590 40 3872 21 6 Net cash actually re ceived for premiums carried out 2940S 41 1969 32 51878 63 83256 36 7 Interest on loans on mortgages 11493 09 8 Interest on collateral loans 1817 72 9 Interest on dividends on stocks and bonds 4570 76 10 Interest upon other debts due the company 251 66 Total interest 18133 23 13 Gash recovered from losses paid in previous years 866 21 14 From inspection fees 209 05 1075 26 17 Total income actually received during the year in cash 102464 85 Aggregate last balance and income 415021 49 IIDISBURSEMENTS DURING THE YEAR Plate Glass SarttyV 1 Gross amount paid for ma tured claims other than week ly indemnity 8738 60 8567 33 Total 8738 60 8557 33 3 Deduct salvages and reinsur ances 00 366 00 Total 8713 60 8201 33 Net paid policyholders 16 914 93COMPTROLLERGENERALS REPORT 459 4 To stockholders for interest and dividends 6percent 15000 00 5 For commissions to agents 16963 40 6 For salaries traveling and all expenses of agents and agencies not on commission ac count 2482 94 7 For inspections 2318 90 8 For salaries and all other compensation of officers 10200 and home office employes 3660 13860 00 9 For taxes on premiums 26122 taxes on mortgages 3277718 insurance depart ment fees 62425 war revenue 1399 59 tax on franchise 2275 agents licenses 7920 4164 19 10 For rent 1440 00 11 For legal expenses 3552 13 13 For advertising 113807 and general print ing and stationery 161638 2754 45 15 All other expenses general office expense 1900 89 Total miscellaneous expenses 16 Total disbursements Balance 64436 90 81351 83 333669 66 IIIASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate unincumbered 3761 32 2 Loans on mortgages first liens on real es tate including interest due and charged 151968 21 Savings bank deposits 35247 43 4 Cost value of bonds and stocks owned abso lutely 135078 00 5 Cash in companys office 402 60 6 Cash deposited in banks 7469 64 Total 333927 20 10 Deduct ledger liabilities suspense items 257 51 11 Total net or ledger assets OTHER ASSETS 12 Interest accrued on mortgages 513 00 14 Interest accrued on Savings bank deposit 624 51 Total outstanding interest 18 Market value of real estate over cost 19 Market value of bonds and stocks over cost 20 Gross premiums in course of collection to wit Over three months due not carried in 6022 27 25 Plate Glass 31441 premiums 352292 unpaid com mission thereon 117430 net 2348 62 333669 66 1137 51 238 68 5026 SO460 COMPTROLLERGENERALS REPORT 27 Surety 570786 premiums 892180 un paid commission thereon 133827 net 29 Net amount of outstanding premiums 30 Total assets as per the books of the company 10 Total admitted assets 583 53 IVLIABILITIES Known or Registered In Process Reported by company Registered of Adjust Proofs not on Its own for Em inent Filed account ployers Plate Glass 500 00 Steam Boiler Surety 1 Total gross amount of claims 500 00 1750 00 5000 00 2500 00 750 00 5000 00 2500 00 9932 15 350004 80 350004 80 3 Net amounts of unpaid claim ac count 500 00 1750 00 5000 00 2500 00 Aggregate unpaid claims 9750 00 4 Gross premiums upon all unexpired risks running one year or less from date of policy Plate Glass premiums 3006576 unearned portion 50 per cent 15032 88 Surety premiums 5291407 unearned portion 50 per cent 26457 01 6 Total unearned premiums as computed above carried out Total amount of all liabilities except capital stock 11 Joint stock capital actually paid up in cash 12 Surplus beyond capital and other liabilities 13 Aggregate amount of all liabilities including paidup capital stock and net surplus 350004 80 41489 92 51239 92 250000 00 48764 88 Business in the State of Georgia During the Year 1901 Losses Losses In Pniii curred 19 51 19 51 Risks Written Plate Glass 25787 20 Surety 10000 00 Premiums Received 644 68 45 00 Aggregate 35787 20 689 68 19 51 19 51 BUSINESS IN OKORQIA TOR YEAR ENDING APRIL 30 1902 Premiums Losses Tax 1134 20 168 75 11 34COMPTROLLERGENERALS REPORT 461 PENNSYLVANIA CASUALTY COMPANY OF SCRANTON PA W W Watson President F H Kingsbury Secretary Principal Office 701 Cornell Building D P Coleman Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 100000 00 100000 00 2 Amount paid up in cash 100000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the comany carried outat market value 16150 00 10 Total par and market value of stocks bonds and a ll other securities except mortgages and the amount loaned thereon 1250 00 12 Cash in companys principal office 1920 1L 13 Cash belonging to the company deposited in bank Traders National Bank of Scranton 3557166 Third National Bank of Scranton 503 Merchants and Mechanics Bank of Scranton 37806 County Savings Bank and Trust Co 98998 total 36944 73 Total cash items 38864 84 15 Interest due and accrued on stocks not indued in mar ket value uncollected coupons on banks accrued but not due 160 00 16 Interest due and accrued on collateral loans and uncol lected 68 26 17 Cash in hands of agents and in course of transmission 1628 15 Deposit with Insurance Department of Pennsylvania for protection of all policy holders 100000 00 Secured notes 618 38 Net premiums in course of collection 19058 06 119676 44 Total assets of the company actual cash market value 177787 69 IIILIABILITIES 1 Losses due and unpaid 2995 83 2 Gross losses in process of adj ustment or in suspense including all reported and sup posed losses 7520 88 3 Losses resisted including interest costs and other expenses thereon 3050 00 4 Total gross amount of claims for losses 13566 71 6 Netamount of unpaid losses 13566 71462 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction received and receivable upon all unex pired casualty risks running one year or less from date of policy 7580113 un earned premiums fifty per cent 37900 56 8 Gross premiums without any deduction received and receivable upon all unex pired casualty risks running more than one year from date of policy 561034 unearned premiums pro rata 3658 15 11 Total unearned premiums as computed above carried out 4155871 Total 55125 42 21 Joint stock capital actually paid up in cash 100000 00 23 Surplus beyond capital and all other liabilities 22662 27 24 Aggregate amount of all liabilities including capital paid up and net surplus 177787 69 IVINCOME DUHING THE YEAR On Casualty 1 Gross premiums and bills in course of col lection at close of last previons year as shown by that years statement 14024 98 2 Deduct amount of same not collected 4220 00 3 Net collected 9804 98 4 Gross premiums on risks written and re newed during the year cancellations OUt 84004 70 Total 93809 68 6 Deduct premiums and bills in course of col lection at this date 27 989 54 7 Entire premiums collected during the year Cash all oon a 65820 14 8 Deduct reinsurance and return premiums 698 37 9 Net cash actually received for premiums carried out 65 121 77 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources q77 Sft Contribution by stockholders Total 36 JJ 15 Aggregate amount of income actually received duriniT the year in cash 4 100635 57COMPTROLLERGENERALS REPORT 463 VEXPENDITURES DURING THE YEAR On Casualty Risks 1 Gross amount actually paid for losses in cluding S losses occurring in previous years 32708 68 3 Net amount paid during the year for losses 32708 68 6 Paid for commissions or brokerage 17784 85 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 26078 10 8 Paid for State national and local taxes in this and other States 2391 46 Total 78963 09 Aggregate amount of actual expenditures during the year in cash 78963 09 Business in the State of Georgia During the Year Casualy Risks Casualty risks written 98500 00 Premiums received gross 532 43 Losses paid 400 00 Losses incurredestimated 550 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 164000 00 Premiums 532 13 Losses 746 07 Tax 5 32 PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK N Y IiriNEAS C Lounsbury President Kimball C Atwood Secretary Principal Office 290 Broadway Jno S Owens Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 200000 00 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 700737 50 12 Cash in companys principal office 9218 71 13 Cash belonging to the company deposited in Merchants Exchange Nat Bank New York City 150345 42 Total 159564 13 Total cash items 159564 1346 15 17 2 3 4 6 7 11 20 23 24 2 3 5 7 8 9 11 15 1 COMPTROLLERGENERALS Interest due and accrued on stocksnot incluc ket value uncollected Cash in hands of agents and in course of trs Total assets of the company actual cash ma IIILIABILITIES Gross losses in process of adjustment or in suspense including all reported and supposed losses REPORT led in marinsmission 3790 74 94902 50 irket value 48900 00 37750 00 958994 87 Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Net amount of unpaid losses 86650 00 86 650 00 Gross premiums without any deduction received and receivable upon all unexpired accident risks running one year or less from date of policy Unearned premiums fifty percent Special premium reserve on installment 825754 10 412877 05 68983 64 Total unearned premiums as computed above carried out 481860 69 Total 568510 69 200000 00 Total amount of all liabilities except capital stock serin and net surolus Surplus beyond capital and all other liabiliti Aggregage amount of all liabilities inch paid up and net surplus 190484 18 ding capital 958994 87 IVINCOME DURING THE Gross premiums unpaid Dec 31 last year Gross premiums written and renewed dur YEAR Accident 126500 00 1141854 18 Total 1268354 18 135575 00 1132779 18 5288 76 Deduct gross premiums now in course of collection Entire premiums collected during the year Deduct reinsurance abatement rebate and return premiums Net cash actually received for premiums Received for interests and dividends on stock collateral loans and from all other sources Aggregate amouut of income actually r ing the year in cash carried out sand bonds eceived dur 1127490 42 20388 15 1147878 57 COMPTROLLERGENERALS REPORT 465 VEXPENDITURES DURING THE YEAR Accident 1 Gross amount paid for claims excepting weekly indemnity 149696 91 2 Gross amount paid for weekly or other periodical indemnity 313608 96 Total 463305 87 Xet paid policyholders 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 ac count 7 Medical examiners fees and salaries 19 85075 inspection 8315750 8 Salaries and all other compensation of of ficers 2400000 and home office em ployees 5287550 9 Taxes on premiums 1067533 insurance dept fees and agentslicenses 709325 municipal licenses 127525 tax on fran chise 153750 10 Rent including 2067500 for companys use of own building 11 Legal expenses 12 Furniture and fixtures 192292 advertis ing 2365025 printing and stationery 2674025 14 All other items 463305 87 12000 00 354875 62 23008 25 76875 50 20581 33 20675 00 5471 34 52313 42 40864 20 649531 91 Total miscellaneous expenses Total disbursements 1112837 78 Balance 910463 00 Business in the State of Georgia During the Year Accident Fire Marine and Inland risks written 6461000 00 Premiums received gross 18540 00 Losses paid 8343 96 Losses incurred 16816 46 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks 10096200 00 Premiums 20809 00 Losses 11785 08 Tax 208 09 30 in466 COMPTROLLERGENERALS REPORT STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF DETROIT MICHIGAN D M Ferry President E A Leonard Secretary Principal Office 11 Griswold Street Detroit Mich A L Waldo Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 250000 00 250000 00 250000 00 ASSETS 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 8 Interest due on all said bond and mortgage loans 196270 interest accrued thereon 524763 total 5 Value of buildings mortgaged insured for J9250000 as collated 6 Total value of said mortgaged premises carried inside 995775 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 176 00 13 Cash belonging to company deposited in bank Peoples Savings Bank Detroit Mich 9920649 Philadelphia Security Company Philadelphia Pa 71773 total 99924 22 Total cash items 14 Amount of net premiums in course of collection 15 Interest due and accrued on stocks not included in market value uueollected 16 Interest due and accrued on other assets Taxes paid on mortgages 69970 S8 382287 00 7210 33 610305 00 100100 22 154761 71 6057 71 252 73 352 76 Total assets of the company actual cash market value 1331301 34 III LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 30960 00 3 Losses resisted By company 3000000 resisted for employers 20771899 total 237718 99 6 Net amount of unpaid losses 268678 99COMPTROLLERGENERALS REPORT Gross premiums without any deduction received and receivable upon all unex pired risks running one year or less from date of policy 1047630 79 unearned premiums fifty per cent 523815 39 467 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 Return premiums 720438 reinsurance 241325 contingent fund 2000000 total 523815 39 3536 31 29617 63 20 Total amount of all liabilities except capital stock scrip and net surplus 825648 32 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 255653 02 24 Aggregate amount of all liabilities including capital paid up and net surplus 1331301 34 IVINCOME DURING THE YEAB Accident Liability Health 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 167434 47 60055 09 21920 96 3 Net collected 167434 47 60055 09 21920 96 4 Gross premiums on risks written and renewed during the year 848443 33 513425 56 101336 97 5 Total1015877 80 573480 65 123257 93 6 Deduct premiums and bills in course of collection at this date 130895 78 56659 24 25908 03 7 Entire premiums col lected during the year 884982 02 516821 41 97349 90 8 Deduct reinsurance and return pre miums 180562 85 51572 21 22296 26 9 Net cash actually re ceived for pre miums carried out 704419 17 465249 17 75053 641244721 98468 COMPTROLEERGENERALS report 10 Received for interest on mortgages 17316 54 11 Received for interests and dividends on stocks and bonds 21787 08 12 Tncome received from all other sources omitting increase if any in value of securities viz Rents 2154 36 Total 41257 98 15 Aggregate amount of income actually received during the year in cash 1285979 96 VEXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 5 Salaries traveling and all other expenses of agents not on commission list 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees Paid for State national and local taxes in this and other States including licenses All other payments and expenditures viz Medical fees 254200 inspection 1243625 rent 839634 repairs on real estate 2032 legal expenses 440654 furniture etc 75937 advertising and printing 13 33549 postage telegraph and express 611648 reve nue 448937 adjusting 1187650 traveling ex penses of officers and home office employees 394325 general expenses 307769 profit and loss 200559 total 515677 96 8 it 28750 00 45607 60 341773 99 53993 32 36286 43 73205 19 Aggregate amount of actual expenditures during the year in cash 1095294 49 Business in the State of Georgia During the Year Accident Health Risks written 2606300 00 69850 00 Premiums received gross 21858 79 1164 10 Losses paid 11084 64 470 61 Losses incurred 11084 64 470 61 Aggregate 2676160 00 23022 89 11555 25 11555 25 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year Premiums Losses Tax 473150 00 20034 95 12040 92 200 34COMPTROLLERGENERALS REPORT 469 THAMES MERSY MARINE INSURANCE COMPANY LD OF LIVERPOOL ENG W K Fowler Manager N Y Bank Principal office 69 Wall street N Y A L Fain Savannah Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 10000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 9 Total par and market value of bonds and stocks owned absolutely by the company carried out at market value 540900 00 12 Cash in companys principal office 45 14 13 Cash belonging to the company deposited in National City Bank 4163 17 Total cash items 4208 31 17 Gross premiums in course of collection not over three months due 59565 84 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid London Assurance 21762 Firemans Fund 345 82 Reliance M Ins Co 33498 United States Lloyd 394 St Paul F M Ins Co 112 Atlantic M Ins Co 158 Indemnity M M Ins Co 169 906 75 Total assets of the company actual cash market valueS 605580 90 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 106820 00 3 Losses resisted including interest costs and other expenses thereon 30000 00 4 Total gross amount of claims for losses 136820 00 5 Deduct reinsurance thereon 9213 00 6 Net amount of unpaid losses 127607 00 10 Gross premiums without any deduction re ceived and receivable on all unexpired ma rine risks 66396 54 11 Total unearned premiums as computed above carried out 66396 54 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due brokers 459163 16 in surance premiums due 820086 12792 49 20 Total amount of all liabilities except capital stock scrip and net surplus 206796 03470 COMPTROLLERGENERALS REPORT 23 Surplus beyond capital and all other liabilities 398784 87 24 Aggregate amount of all liabilities including capital paid up and net surplus 605580 90 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 75275 46 2 Deduct amount of same not collected 120 00 3 Net collected 75155 26 4 Gross premiums on risks written and renewed during the year 591378 80 5 Total 666534 06 6 Deduct premiums and bills in course of coi tion at this date 59876 26 7 Entire premiums collected during the year 606657 80 8 Deduct reinsurance and return premiums 92070 83 9 Net cash actually received for premiums carried out 514586 97 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 10800 00 15 Aggregate amount of income actually received during the year in cash 525386 97 VEXPENDITURES DURING THE YEAR On Marine and Inland Risks 1 Gross amount actually paid for losses in cluding 8913981 losses occurring in pre vious years 275441 04 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous years 4345226 and all amounts actually received for reinsurances in other companies 7955985 total deductions 123012 11 3 Net amount paid during the year for losses 152423 93 152428 93 6 Paid for commissions or brokerage 42923 22 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 33106 93 8 Paid for State national and local taxes in this and other States 14430 30 9 All other payments and expenditures viz Rent sta tionery and printing postage surveys cablegrams etc total n605 46 10 American branches of foreign companies will please re port amount sent to home offices during the year 271878 66 Aggregate amount of actual expenditures during the year in cashif 254494 84COMPTROLLERGENERALS REPORT 471 Business in the State of Georgia During the Year Marine and inland risks written 1025487 00 Premiums received gross 3281 65 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 989310 00 Premiums 6i022 87 Losses Tax 3C 23 TRAVELERS INSURANCE COMPANY ACCIDENT DEPARTMENT HARTFORD CONNECTICUT Sylvester C Dunham President John E Morris Secretary Home office 56 Prospect Street Hartford Conn W A Wright Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock au thorized 1000000 00 sub scribed for 1000000 00 2 Amount of capital paid up in cash 1000000 00 Amount of net ledger assets December 31st of previous year 5387888 61 Extended at5 5387888 61 IIINCOME DURING YEAR As shown by the books at home office Dec 31si Employers Accident Liability Health 4 Entire premims collected dur ing the year 2275807 32 1551578 30 f 104479 92 5 Deduct reinsur ance abate ment rebate and return premiums 41305 88 90993 24 148109 6 Net cash actu ally received for premiums carried out 223450144 1460585 06 102998 83 3798085 33 10 Interest on bonds and dividends on stocks 236143 75 11 Interest upon other debts due the company and on deposits in banks 35869 37 Total interest 272013 12 794 63 14 Income from all other sources viz Profit and loss Total income during the year 4070893 08 Sum 9458781 69472 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR A shown by the booh at home office December Slst Employers Accident Liability Health 1 Gross amount paid for claims ex cepting weekly indemnity 390035 42 472668 79 2 Gross amount paid for weekly or other periodical indemnity 644217 24 51568 61 Total 1034252 66 472668 79 51568 61 3 Deduct reinsur ances salvages and recoveries on losses previ ously paid 11443 53 7613 18 67 57 Surrender values paid Net paid 1022809 13 465055 61 51501 04 2767 19 policy holders 1025576 32 Expense of claim adjustments Accident 1859532 em ployers liability 15930362 total 177898 94 4 Stockholders forinterest ordividendamount declared during the year 150000 00 5 Commission or brokerage to agents less re ceived on reinsurance 060273 73 6 Salaries raveling and all expenses of agents and agencies not on commission account 7 Medical examiners fees and salaries 61 26724 inspection 1492887 8 Salaries and all other compensation of offi cers 2400000 home office employees 10715572 9 Taxes on premiums 4820688 U S Reve nue 1383356 insurance department fees and agents licenses 1103768 municipal licenses 349224 tax on franchise 2 19000 10 Rent 11 Legal expenses 12 Furniture and fixtures 257781 advertis ing 2528061 printing and stationery 3331490 13 Losses on ledger assets actually sold or ma tured under book value 100S82 74 76195 61 131155 72 78820 36 27080 06 2690 97 61173 37 1542132 97 28896 67COMPTROLLERGENERALS REPORT 47 14 All other items viz Express charges 030fi61 expense SU78619 exchange 194783 postage 1368956 traveling expenses 96233 total Total miscellaneous expenses 34692 52 1929760 69 Total disbursements 3471893 66 Balance 5986888 03 IVLEDGER ASSETS As per ledger accounts shoion by the nooks at home office at close of business December 31 4 Book value of bonds excluding interest 3 22367851 and stocks 2 311775 37 5535453 88 5 Cash in companys office 5172195 depos ited in banks 44775982 449481 77 6 Agents debit balances 1952 38 Total 5986888 03 Total net ledger assets 5986888 03 NOXLEDGER ASSETS 11 Interest due on bonds and stocks 48355 69 Total outstanding interest 17 Market value of bonds and stocks over book value 48355 6 673505 14 4 VNONLEDGER LIABILITIES Accidents In process of adjustment 3700000 known or estimated proofs not filed 2392232 resisted by com pany on its own account not outlawed 64750 00 em ployers liability resisted for employers 78302014 aggregate and unpaid claims and expenses Gross premiums upon all un expired risks running one year orlsss from date of pol icy Accident premiums 145001073 unearned por tion 50 per cent 725005 37 Employers liability premi ums 102478439 un earned portion 50 percent 512392 20 Health premiums 8412933 unearned portion 50 per cent 909292 46 42064 67 Total one year or less 1279461 Gross premiums upon all un pired risks running more than one year from date of policy Accident premiums 4535767 unearned pre mium pro rata 415042 34 Employers liability premi miums 3346519 unearned premium pro rata 17713 32 24 Total more than one year 432755 00 Total unearned premiums as computed above car ried out 1712217 90 8 Salaries rent expenses taxes bills accounts fees etc due or accrued 85000 00 Includes 16118318 estimated expenses474 COMPTROLLERGENERALS REPORT 11 All other liabilities viz Additional reserve liability de partment 550000 00 Total amount of all liabilities 3056510 36 12 Joint stock capital actually paid up in cash 1000000 00 13 Surplus beyond capital and other liabilities 2650346 12 3650346 12 Total 6706856 48 VIRISKS AND PREMIUMS Amount at Riik Premiums Thereon Health basis 26 weeks in force December 31 preceding year 3617380 00 59724 74 Written or renewed during the year 6304350 00 104479 92 Total 9921730 00 164204 66 Deduct expirations and cancellations 479402 00 80075 33 Balance 5127709 00 84129 33 Business in the State of Georgia During the Year Amount at Risks Premiums Losses Losses Rik End Wriiten Received Paid Incurred of Year Accident 12617117 40094 78 29072 31 35772 31 6939414 Employers liability 955000 7408 65 948 62 948 62 792650 Health 90389 1470 91 903 90 903 90 74119 Aggregatef 13662506 48974 34 830924 83 37624 83 7806183 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 13954931 00 51039 94 25491 05 510 40 Premiums Losses Tax UNITED STATES CASUALTY COMPANY OF NEW YORK N Y James W Hinkley President Edson S Lott Secretary Principal office 141 Broadway New York ICAPITAL 1 Whole amount of capital stock 300000 00 300000 00 2 Amount paid up cash 300000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 5000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 5000 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 15000 00 0 Total value of said mortgaged premises carried inside 15000 00COMPTROLLERGENERALS REPORT 475 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1129564 46 12 Cash in companys principal office 1905S 10 13 Cash belonging to the company deposted in bank The Bank of the State of New York 1057942 Central Trust Co 1426 Col onial Trust Co 1008681 Morton Trust Co 28795 North American Trust Co New York 66909 Poughkeepsie Trust Co Poughkeepsie New York 3900000 Old Colony Trust Co Boston 59766 International Trust Co Boston 80000 Illinois Trust and Savings Bank Chicago 82361 Corn Exchange Bank Chicago S20000 The Marine Bank Baffalo 82629 Manufacturers and Traders Bank Buf falo 20000 Fallkill Natl Bank Pough keepsie 431 First Natl Bank Syracuse 81339 total 65456 61 Total cash items 84514 71 15 Interest due and accrued on stocks not included in mar ket value uncollected 7941 57 17 Cash in hands of agents and in course of transmion pre miums in course of collection 8020179 less commis sions 2005044 60151 35 Total assets of the company actual cash market value 1292172 09 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 26664 CO 3 Losses resisted including interest costs and other expenses thereon 71164 00 4 Total gross amount of claims for losses 97828 00 6 Net amount of unpaid losses 97828 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running one year or less from date of policy 68807085 unearned premiums fifty per cent 344035 43 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 6996672 un earned premiums pro rata 39342 18 11 Total unearned premiums as computed above carried out 383377 61 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due for reinsurance 213912 amount476 COMPTROLLERGENERALS REPORT 20 21 23 24 voluntarily reserved for contingencies on liability claims 84154462 all other indebtedness 228274 total 45966 48 Total amount of all liabilities except capital stock scrip and net surplus 527172 09 Joint stock capital actually paid up in cash 300000 00 Surplus beyond capital and all other liabilities 465000 00 Aggregate amount of all liabilities including capital paid up and net surplus 1292172 09 IVINCOME DURING THE YEAR Personal Accident Employers Lia Mlity Steam Boiler and Au o niatic Sprinkler 23753 08 54085 07 23755 OS 54085 07 9 11 12 15 Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment Net collected Gross premiums on risks writ ten and renewed during the year 539488 40 573S47 06 Total 50324148 627932 13 Deduct premiums and bills in course of collection at this date 27477 97 53796 70 Entire premiums collected during the year8 535763 51 574135 43 Deduct reinsurance and re turn premiums 133046 40 142730 58 Net cash actually received for premiums carried out 402717 11 3 431404 85 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 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURIXG THE YEAR Employers Lia bility Stenin Boil r and Anto matic Sprinkler Personal On Marine and Accident Iiland Risks Gross amount actually paid for losses including losses occurring in previous years Deduct all amounts actually received for salvages 130254 86 192801 57 834121 96 35733 58 ii212 69 876068 23COMPTROLLERGENERALS REPORT 477 whether on losses of the last or of previous year 1393922 and all amounts actually received for rein surances in other compa nies 163970 total deduc tions Net amount paid during the year for losses 958 30 14621 12 178180 45 129293 56 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 912250 legal expenses 317070 furniture and fixtures 1 69080 advertising 91175 printing and stationery 1625263 postage 846633 telegrams and telephones 171633 internal revenue 279071 miscellaneous 1005595 profit and loss accounts uncollectable 10888 total 307477 01 232847 76 127675 81 14414 86 54286 88 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Employers Lia bility Steam Boiler Automatic Personal Ac Sprinkler and eident Risks Risks Fire marine and inland risks written 7839800 00 1623300 00 Premiums recived gross 9745 97 10971 72 Losses paid 2778 57 7284 91 Losses incurred 2646 51 6096 85 736702 32 Aggregate 462800 00 20717 69 10063 48 8743 36 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 19204090 00 Premiums 171b 8 Losses 11402 15 Tax 21718 UNION CASUALTY AND SURETY COMPANY ST LOUIS MO Edward Clupf President LeGrand L Atwood Secretary Home Office Wainwright Building St Louis Mo E V Carter Atlanta Attorney for Service in Georgia icapital stock 1 Amount of capital stock au thorized 25000000 sub scribed for 250000 00478 COMPTROLLERGENERALS REPORT 2 Amount of capital paid up in cash 250000 00 Amount of net ledger assets December 31st of previous year 433360 91 Extended at 433360 91 IIINCOME DURING YEAR 1901 As shown by books at home office Decemher 81 Accident Employers Liability Plate Glass 1 Gross pre miums unpaid Dec 31 last year paid 45052 66 12104 37 6713 67 28577 25 2 Gross pre miums written and renewed during year 310610 05 9506 33 78465 17 190302 19 Total 355662 71 21610 70 85178 S4 218879 44 3 Deduct gross premiums now in course of collection 81232 64 25066 49 44510 83 4 Entire pre miums collect ed during the year 274430 07 21610 70 60112 35 174368 61 5 Deduct re insurance abatement re bate and re turn premiums 67324 43 14992 48 15393 38 30118 5S 6 Net cash actually receiv ed for premi ums carried out 207105 64 6618 22 44718 97 144250 03 402692 86 8 Interest on loans on mortgages of real estate 4878 91 10 Interest on bonds and dividends on stocks 8260 85 Total interest 12 Profit on sale or maturity of ledger assets during the year over book values 13139 76 3500 00 Total income during the year 419332 f 2 Sum 852693 53COMPTROLLERGENERALS REPORT 479 HIDISBURSEMENTS DURING YEAR As Shown by Books at Some Office December 31 Accident Emnoyers Health Plate Glass Liability 1 Gross amount paid for claims excepting weekly indemnity 10775 49 58731 39 56780 96 2 Gross amount paid for weekly or other periodi cal indemnity 59283 20 14023 74 Total 70058 69 58731 39 14023 74 56780 96 Net paid policyholders 70058 69 58731 39 14023 74 56780 96 199594 78 5 Commissions or brokerage to agents less received on reinsurance 106010 54 6 Salaries traveling and all expenses of agents and agencies not on commission account 19725 90 8 Salaries and all other compensation of offi cers 1020000 and home office em ployes 2287392 33073 92 9 Taxes on premiums 483215 taxes on property 110933 insurance dept fees and agents licenses 447777 municipal licenses 65945 revenue 178164 13160 34 10 Rent including companys use of own building less from sub leases 4075 93 11 Legal expenses 325758 12 Furniture and fixtures 148171 adver tising 347685 printing and stationery 596092 10919 48 14 All other items viz Adjusting 287121 postage 234161 traveling 385334 general expenses 706605 16132 21 Total miscellaneous expense 206355 90 Total disbursements 405950 68 Balance 446742 85 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business Dec 31 2 Mortgage loans on real estate first liens 86250 00 4 Book value of bonds excluding interest 27750000 and stocks 277500 00 5 Cash in companys office 645 82 Cash deposited in banks Hanover Na tional New York City 95333 German480 COMPTROLLERGENERALS REPORT American Bank St Louis Mo 375089 National Bank of Commerce St Louis Mo 525198 total 9956 20 6 Bills receivable 78069 agents debit bal ances 7161014 total 72390 83 9 Total 446742 85 NONLEDGER ASSETS 10 Inter due and accrued on mortgages 11 Interest due and accrued on bonds and stocks 15 Total outstanding interest 2260 03 91 23 17 Market value of bonds and stocks over book value IS Gross premiums in course of collection to wit Not over three Unpaid commis Net premiums months due sion thereon 2351 26 8750 00 Accident 81232 64 Health burglary 25066 49 Plate glass 44510 83 18683 53 62549 11 6042 91 19023 55 11153 25 31357 58 Total 150809 9S 37879 112930 24 112930 24 Gross assets 570774 35 DEDUCT ASSETS NOT ADMITTED 3 Agents debit balances unsecured 4500000 bills re ceivable unsecured 78069 total 45780 69 Total admitted assets 504 993 66 VNONLEDGER LIABILITIES In process of Resisted by com Estimated ex adjus ment pany on its own penses incident account to settlement Not outlawed Accident Employersliability Health blurglary Plate glass 3900 00 1770 00 4273 U0 7157 00 1 Total gross amount of claims 9943 00 7157 00 15000 00 15000 00 3 Net amounts of unpaid claim ac count 9943 00 7157 00 Aggregate of unpaid claims and expenses Gross premiums upon all un expired risks running one year or less from date of policy Accident premi ums 10261958 unearned portion 50 per cent 51309 79 Health burglary premiums 4655532 unearned por tion 50 per cent 23 277 66 15000 00 32100 00COMPTROLLERGENERALS REPORT 481 Plate glass premiums 137 44798 unearned portion 50 per cent 68723 99 Total one year or less 14331144 Total unearned premiums as computed above carried out 8 Salaries rent expenses taxes bills accounts fees 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 96977 22 Total 143311 44 2605 00 178016 44 346977 22 524993 66 199594 78 GENERAL INTERROGATORIES 1 Losses incurred during the year 2 Total amount of the companys stock owned by the direc tors at par value 248400 00 Business in Georgia During the year Accident 328750 00 Health 54470 00 Risks written Premiums re Losses paid ceived 650 90 140 72 238 33 76 93 Losses in curred Amount at risk end of year 140 72 134500 00 76 93 54470 00 Aggregate 383220 00 889 23 217 65 217 65 188 970 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1902 Risks written during the year 01390 Premiums Losses Tax 1339 07 291 00 13 40 UNITED STATES FIDELITY AND GUARANTY COMPANY John R Bland President Geo R Callis Secretary Home Office 20 S Calvert St Baltimore Md McCandless Patterson Atlanta Attorneys for Service in Geoigia ICAPITAL STOCK 1 Amount of capital stock authorized 1500000 00 2 Amount of capital stock paid up in cash 1500000 00 Amount of net ledger assets December 31 st of previous year 2011372 97 Extended at 2041372 97 IIINCOME DURING YEAR As Shown by Books at Home Office December 31st Burglary Fidelity and Surety 1 Gross premiums unpd Dec 31 last year paid 12316 17 203628 65482 COMPTROLLERGENERALS REPORT 2 Gross premiums written and re newed during year 165958 20 1280035 60 Total 178374 37 1483664 25 3 Deduct gross pre miums now in course of col lection 29161 97 188822 92 4 Entire premiums collected dur ing the year 5 Deduct reinsur ance abate ment rebate and return pre miums 149112 40 1294841 33 22781 26 195788 69 6 Net en sh actually received for premiumscar riedout 126331 14 1099052 64 1225383 78 7 Rents for companys property including for companys use of own building net 599 27 8 Interest on loans on mortgages of real estate 99 88 9 Interest on collateral loans 26939 21 10 Interest on bonds and dividends on stocks 29022 87 11 Interest upon other debts due the company and on deposits in bank 857 75 Total interest 57518 98 14 Income from all other sources viz Subcriptions to De partment Guaranteed Attorneys 17348 24 Total income during the year 1300251 00 Sum 3341623 97 IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December 31st Burglary 1 Gross amount paid for claims excepting weekly indem nity Total 3 Deduct reinsurances salv ages and recoveries o n losses previously paid Net paid policyholders Fidelity and Surety 37181 67 264676 21 37181 67 264676 21 602 94 63540 56 36578 73 201135 65 237714 38 COMPTROLLERGENERALS REPORT 433 4 Stockholders for interest or dividends amount declared during the year six per cent 90000 00 5 Commissions or brokerage to agents less received on reinsurance 306015 68 6 Salaries traveling and all expenses of agents and agencies not on commission account 113499 75 7 Medical examiners fees and salaries inspections 1234882 12348 82 8 Salaries and all other compensation of offi cers 2922901 and home office em ployees 6576401 94993 02 9 Taxes on premiums 1477166 taxes on property insurance department fees and agents licences 1378081 munici pal licenses 100827 tax enfranchise S1415507 43715 81 10 Rent including 1471850 for companys use of own building less from sub leases 14718 50 11 Legal expenses 2285469 real estate re pairs and expenses other than taxes 22854 69 12 Furniture and fixtures 488167 adver tising 2321398 printing and station ery 2182803 49923 68 13 Losses on ledger assets actually sold or ma tured under book value 8066 10 14 All other items viz Postage internal rev enue and telegrams 3083722 expense 435301 35190 23 Traveling expenses H O 4976 28 inci dentals development etc 1761314 22589 92 Total miscellaneous expenses 813 916 20 Total disbursements 1051630 58 Balance 2289993 39 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 13546647 incumbered 135466 47 2 Mortgage loans on real estate first lieus 600000 other than first liens 6000 00 3 Loans secured by pledge of bonds stocks or other collaterals 655 744 00484 COMPTROLLERGENERALS REPORT 4 Book value of bonds excluding interest 107900885 and stocks 4998400 1128992 85 5 Cash in companys office 1418631 de posited in banks 3S488656 399072 87 Banks and amounts National Exchange Bank 510947 Baltimore Trust and Guaranty Company 93146 First Na tional Bank 10123797 National BanK of Commerce 10652023 Western Na tional Bank 250000 Commercial and Farmers 150000 Mercantile Trust and Deposit Company 821 14 Drovers and Mechanics National Bank 400000 Cit izens National Bank150000 National Marine Bank 908416 Townsend Scott Son 5245569 First National Bank of Catonsville 100000 Trust Company of America New York 7536 Morton Trust Company New York 4215441 Empire State Bank New York 100000 Western National Bank New York 9 00000 Colonial Trust Company New York 764975 Nineteenth Ward Bank New York 51685 Tradesmans Na National Bank Philadelphia 200000 Land Title and Trust Company Phil adelphia 250000 Trust Company of North America Philadelphia 250000 City National Buffalo 2534007 Bank of Buffalo 549000 7 All other items viz Mortgages and other collateral taken account salvage due for subscriptions to Department Guaranteed Attorneys 28628 66 Total 2394434 75 DEDUCT LEDGER LIABILITIES Cash deposited for security of risks 101441 36 Total net ledger assets 2289993 39 NONLEDGER ASSETS 10 Interest due and accrued on mortgages 4 00 11 Interest due and accrued on bonds and stocks 16067 88 12 Interest due and accrued on collateral loans 7672 85 15 Total outstanding interest 23744 74 17 Market value of bonds and stocks over book value not including interest in item 11 21743 25COMPTROLLERGENERALS REPORT 485 18 Gross premiums in course of collection to wit Not over three Unpaid Commis Net Pre months due sions thereon miums Burglary 29161 97 6124 01 23037 96 Fidelity and surety 188822 92 39652 81 149170 11 217984 89 45776 82 172208 07 Total not over three months due 172208 0 Grosss assets 2507689 44 Total admitted assets 2507689 44 V NONLEDQEK LIABILITIES In process of Resisted by Coin adjustment panv on its acct not outlawed Fidelity and surety 21967 00 53105 43 21967 00 53105 43 1 Total gross amount of claims 3 Net amounts of unpaid claim account 21967 00 53105 43 Aggregate of unpaid claims and expenses 75072 43 4 Gross premiums upon all unexpired risks running one year or less from date of policy Burglary premiums 14298779 unearned portion fifty per cent 71493 90 Fidelity and surety premiums 117060139 unearned portion fifty per cent 585300 70 Total one year or less 656794 60 6 Total unearned premiums as computed above carried out 656794 60 Total amount of all liabilities 731897 03 12 Jointstock capital actually paid up in cash 1500000 00 13 Surplus beyond capital and other liabilities 275822 41 1775822 41 Total 2507689 44 Business in Georgia During the Year Premiums Risks Written received Losses paid Losses in curred Burglary 48700 00 410 63 235 25 235 25 Fidelity Surety 6584413 25 23132 57 39407 44 39407 44 64700 00 5240544 60 Aggregate 663311325 23543 20 39642 69 39642 69 5305244 60 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1901 Risks written during the year Premiums Losses Tax 6947466 46 22021 28 39584 30 220 21INSURANCE DEPARTMENT TABLE No 1 Fire Insurance Companies Authorized to Transact Business in this State for the Year 1902 Their General Condition is Shown to 1st of January 1902 NAME OF COMPANY STATE yTItnaEl Agricultural American Central Atlanta Home British America Citizens Commercial Union Connecticut Com inental Fi re Association Farmers Cooperative Firemans Fund Georgia Home German American German Cermania Glenns Falls Greenwich Ha mburgBremen Ha nover Hartford Home Imperial Insurance Co of N A Li v Lon and Globe Liverpool and London and Globe London Assurance London and Lancashire Manchester Connecticut New York Missouri Georgia Canada Missouri England Conneciicut New York Pennsylvania Georgia alifornia Georgia New York Illinois New York New York New York Germany New York Connecticut New York England Pennsylvania New York England England England England Assets Liabilities Surplus beyond capital and all lia bilities 14071 2440 3215 598 1363 539 3939 4318 11599 6315 4579 922 9419 4045 5429 3549 2 070 1594 3308 12259 15255 1795 10079 395 10316 2467 2609 1869 4410877 80 1314537 03 1000000 00 67203 12 921225 21 253588 86 2791 359 79 2310188 32 5 697683 6 5 26508i 36 847 00 2036458 21 248383 4 3926320 72 2670393 84 1945538 10 1118299 57 1734570 02 1240312 98 1743324 37 8008221 01 6349526 85 1010730 41 5406526 10 113911 62 5716274 51 1180765 16 1743298 32 1314502 44 5661070 57 595541 71 1252992 87 30817 35 442077 85453 1148292 76 1008 423 20 490138 12 550000 00 1542554 86 373 955 91 4493136 30 1175275 46 2484447 51 2231132 96 135656 39 354683 40 564893 54 3000855 44 5906342 88 498895 21 1672952 40 81838 01 1286498 22 866629 2 554690 23 Expenditures 5475135 47 1154307 89 1258776 73 95600 69 1303604 90 242393 72 2921973 75 2573011 S4 5320622 99 3516463 28 3245 23 2524952 59 280316 01 3799711 63 2346170 68 1837063 13 1159550 17 1818135 82 1486677 43 1944210 48 10031195 85 6472 387 16 1399860 47 6616287 99 131118 29 5820867 68 1492301 72 1808480 09 1469921 00 Profit 4273524 33 959293 76 1066380 66 105136 24 136119 67 223159 30 2789562 07 2281719 85 4423477 80 3369975 79 2536 67 2035336 60 254937 72 3124354 16 2044774 52 1391434 17 956764 67 1770717 27 1418947 26 1875441 38 8813371 89 5278282 32 1421883 91 5961402 05 104203 49 5551923 71 1274702 46 1738848 63 1629360 53 1201611 14 195014 13 192396 07 19234 42 131411 68 291 261 89 897145 19 146487 49 708 56 489615 99 25378 29 674 857 47 301 396 16 445628 96 202785 50 47418 55 67730 17 6769 10 2217824 46 1194074 84 65L885 91 26914 SO 268943 97 217599 26 69631 46 Loss 9535 55 2514 47 122023 47 a O O F W b a a w a a o w i3 159439 53Mercantile National New Hampshire Niagara North British and Mercantile Norwich Union Northern Orient Palatine Pennsylvania Phcenix Pboenix Phoenix Queen Koyal Rochester German Scottish Union and National Southern Mutual Springfield Fire and Marine St Paul Fire and Marine Sun Run Traders Union Assurance Western Assurance Westchester Williamsburg City Rhode Island Connecticut New Hampshire New York Great Britain England England Connecticut England Pennsylvania Connecticut England New York New York England New York Great Britain Georgia Massachusetts Minnesota England Louisiana Illinois England Canada New York New York Total 1125030 70 1J1lT tin 3518010 II 3243675 30 5403 860 63 2171048 68 2806910 20 22 1072 44 11771211 86 5110663 54 5953444 l 2112214 83 7112413 30 50628 Hi 19 7410 281 68 1289983 35 4404137 32 10211202 10 5898887 43 3003311 01 2716 156 74 1038446 23 2532430 69 1520160 28 2280953 85 3153178 53 2234020 59 8 232878256 73 121 023 71 2943163 70 5lili177 17 178110S 05 2797646 51 15111451 06 1463948 59 997134 HI 831492 39 3009 112 05 2837193 89 2486165 r 4333663 75 2255063 93 49187511 29 568388 25 2178322 1 140708 26 2 611692 15 1667770 30 1784313 83 336757 88 1061212 32 894613 52 1545462 07 1066366 28 796087 52 if 12062275 54 62471 24 1481273 30 1017832 87 962567 25 2606214 12 651589 62 1312 961 61 703588 53 742637 17 2031551 in 1116250 56 4370111 48 1778749 55 2307782 26 2521522 31 521595 10 2226615 15 763867 11 1287195 28 835543 71 932142 91 201688 35 908218 37 631346 76 735 491 78 1186812 25 1187933 07 9 74073117 05 196S21 71 3671579 11 1518001 95 19503111 65 2973876 07 2006613 31 1636875 31 1141631 65 1042607 93 2379162 42 3482911 64 2977371 51 4693643 86 2561381 75 4285560 30 049305 60 2202333 31 323906 87 3115947 85 2470306 98 1900202 55 408665 67 1312420 31 1104179 56 2538106 46 2259629 853417 17 132043196 79 88160 71 3093094 17 1497762 77 1870587 91 2890115 93 2200096 95 1639323 38 1231103 94 597852 54 2228205 48 2908957 67 2816332 8f 4157065 48 2227491 63 4060564 11 575552 96 212189S 97 322428 51 2584 741 07 2002678 17 1720705 4S 414705 67 1276725 29 1078754 03 2378785 55 1862115 68 721377 07 8 118016561 49 t 108 578 100 79 83 661 00 484 17 239 18 808 74 450 14 193183 04 2448 07 89477 29 Q O h H S3 O F f H 6040 00 J 6 V fel S3 15506527 04 584962 02 tr 02 S3 H O S3 H 444 150 573 161 536 333 224 73 80 1 531 467 179 755 39 956 94 953 97 038 65 578 38 890 12 1116 25 752 61 434 34 478 36 206 78 628 81 497 07 35 25 159 397 132 615 02 425 53 320 11 513 S4 040 10TABLE No 2 Old Line Life Insurance Companies Authorized to Transact Business in this State for the Year 1902 condition is shown to 1st of January 1902 Their general NAME OF COMPANY STATE JEtaa Connecticut Mut Equitable Fidelity Mutual Franklin Germania Hartford Home Illinois Manhattan Maryland Massachusetts Mut Metropolitan Michigan Mut Mutual Benefit Mutual Mutual Mutual Reserve Fund National National New England Mut New York Northwestern Mut Pacific Mutual Penn Mutual Phoenix Mutual Prudential Provident Savings Royal Union Mutual Security Trust Security Mutual South Atlantic Sun State State Mutual Travelers United States Union Central Washington Total Connecticut Connecticut New York Pennsylvania Illinois New York Connecticut New York Illinois New York Maryland Massachusetts New York Michigan New Jersey New York Kentucky New York District of Columbia Vermont Massachusetts New York Wisconsin California Pennsylvania Connecticut New Jersey New York Iowa Pennsylvania New York Virginia Canada Indiana Massachusetts Connecticut New York Ohio New York Assets Liabilities Surplus beyond capi tal and all liabilities 59 65 330 3 1 28 3 13 16 2 28 74 7 78 352 3 11 2 22 32 290 151 4 48 14 4S 4 1 11 1 19 27 s 29 16 609691 277179 473308 930172 256166 790810 146503 370862 735586 805345 170860 291564 771758 271612 37186 838971 078920 130604 594473 384263 721633 743386 914756 958806 631975 417144 630571 903624 742707 677030 155 453 249794 768025 015072 610979 137772 478559 613535 200433 53708 58266 259910 3318 1038 24957 2246 12060 15186 1846 25905 64 833 6966 71933 350358 3052 10445 1571 20154 29251 230 263 146662 4143 45356 13784 41765 4351 671 1263 459 24 11181 699 17532 25795 7859 25467 15617 375 81 138 62 678 28 966 48 165 33 399 47 348 30 731 18 935 92 924 01 728 97 43 85 228 33 786 92 206 07 971 67 528 14 280 27 911 27 051 00 142 04 332 59 526 11 586 52 064 39 1527 00 966 09 787 013 18 1476 15 1010 31 507 61 525 70 1418 16 054 49 672 09 834 25 925 46 026 75 41821020103 69 1660471376 34 155345895 23 3573081 25 7011010 59 70562630 56 611205 57 218001 14 3833410 88 900155 67 1310 131 57 26650 88 1568421 53 324131 12 2386140 53 9938530 43 307825 34 6 453981 25 2480000 00 26392 11 685524 49 1022562 67 2230212 37 347049 21 10480053 87 5282230 85 815219 84 3275910 78 632617 03 4864605 24 551837 42 71694 02 413554 01 696442 92 22287 32 481499 86 315654 38 2048925 15 1342100 74 178725 28 4145610 13 583406 28 Expenditures 10579673 94 8182473 88 64374605 94 2657270 47 850413 26 3931379 32 2504701 27 4050172 53 877898 72 2943 825 84 319387 58 6331787 76 38017163 59 1675520 54 14659702 98 65621305 51 717574 45 7566 884 60 717512 70 5308369 5629711 88 70802550 87 29471784 02 2710289 48 12083133 42 3372329 06 28832401 81 3792776 49 418909 3ii 1177537 47 922056 85 65625 29 30956 07 901778 39 4181965 61 4861312 43 1730761 43 6997609 00 3 340874 70 S 425839759 19 Profit 6952041 88 7666227 68 36202370 88 1969961 06 647876 65 3579056 80 2531369 41 1998548 82 404765 58 2474213 55 284154 52 43 6221 63 25679134 39 1221564 26 10545216 92 41825267 82 686600 33 8970625 25 534972 81 2754924 74 3990230 93 37539962 80 15512725 53 2182280 78 7438424 47 2308346 86 21426935 66 2650225 21 242516 00 992800 98 734210 21 55250 25 1784681 44 630733 52 2527450 26 2817260 31 1506586 93 3 536221 23 3259089 50 3627 516 28172 687 202 1352 632 06 246 20 235 06 309 41 536 61 322 52 1051 473 469 65 8005 12338 453 4114 23799 311 623 71 133 14 612 29 233 06 566 13 029 20 956 28 486 06 037 69 974 12 182 2553 1639 33262 13959 528 4594 1063 7405 1142 176 i8i 187 10 1310 270 1654 204i 224 3461 81 569 89 444 94 510 95 588 57 058 49 008 70 708 95 982 20 466 15 551 28 363 36 736 49 846 54 375 04 984 63 044 87 515 35 052 12 174 50 387 77 785 20 8 272391077 35 8 156196089 53 t 1430408 79 Loss a O 5 w c 26668 14 IT1 f1 H W O e h w 1403710 65 f1 W w H hj o w HTABLE No 3 Accident Marine Surety and Plate Glass Insurance Companies Authorized to Transact Business in bhis State for the Year 1902 Their general condition is shown to 1st of January 1902 NAME OF COMPANY STA E tna IndemnityCo Etna Accident American Banking and Trust American Credit Indemnity American Surety Bankers Mutual Casualty City Trust Safe and Deposit Kmployers Liability Fidelity and Casualty Fidelity and Deposit Great Eastern Casualty Guarantee Co of N A Hartford Steam Bniler Lloyds Plate Glass London Guarantee and Accident Maryland Casualty Metropolitan Plate Glass National Surety New York Plate Glass North American Accident Ocean Accident Pacific Surety Pennsylvania Casualty Preferred Accident Standard Life and Accident Thames and Mersey Marine Travelers Accident U S Casualty Union Casualty and Surety United States Fidelity Guaranty Total Connecticut Connecticut Maryland New York New York Iowa Pennsylvania England New York Maryland New York Canada Connecticut New York England Maryland New York New York New York Illinois England California Pennsylvania New York Michigan England Connecticut New York Missouri Maryland Assets Liabilities 306766 a 59609691 17 1 703691 41 885342 27 5311602 88 108915 87 3280742 32 1767970 86 4442352 44 5691794 05 711812 68 1092860 8i 2880726 41 661661 06 1231818 21 2476368 86 535011 71 1519041 19 443619 14 234827 14 1814842 43 350004 80 177787 958991 87 1331301 34 605 E80 90 6706856 48 1292172 09 524993 66 2507689 44 8 111281840 51 Surplus beyond capi ta and all liabilities Expend tures 21963764 SO 19717979 99 31877857 11 143 644 26 1189361 89 475189 58 617022 10 1225832 76 31320 28 283135 17 1447433 3 3618433 32 1098878 04 143835 64 140919 30 1089115 21 440325 897357 42 1515764 S6 293262 36 590342 10 251333 43 190771 60 718757 18 66351 83 78963 09 1100837 1066544 49 254491 84 3321893 66 736702 32 405950 08 961630 58 Pr fit 26256 61 2 830491 11 64427 98 331822 22 20344 62 12487 28 53217 48 191574 18 333 930 40 369908 10 22300 24 82235 79 196563 84 8719 20 118809 83 240689 17 19492 86 102043 75 32883 24 19136 45 367442 19 30113 02 21672 48 47040 79 219435 47 270892 13 758999 42 139365 91 13381 94 338620 42 24396525 49 7490431 62 L ss O o K TJ w o t1 F 6 H H w W H d o w 13Table no 4 Showing Business Done by Fire Insurance Companies for the Year Ending April 30 1902 ID NAME OF COMPANY STATE Amount In sured Premiums Losses Paid Profit Loss Amount 00 t0 Tax Total O O hH H K O H W 6 H W t xh W a d o Agricultural Fire American Central Ftna Atlanta Home British America Caledonian Citizens Commercial Union Continental Connecticut Farmers CoOperative Farmers Mutual Firemans Fund Fire Associat on Georgia Home German GermanAmerican Germania Glens Falls Greenwich HamburgBremen Hanover Hartford Home Imperial Insurance Company of N A Lion Liverpool London Globe Liverpool London Globe London Assurance London Lancashire Magdeburg Manchester New York Missouri Connecticut Georgia Canada cotiand Missouri England New York Connecticut Georgia Georgia California Pennsylvania Georgia Illinois New York New York New York New York Germany New York Connecticut New York England Pennsylvania England England New Yrork England England Germany England 1645820 00 868150 00 11143258 00 2152265 00 1672191 00 1081821 00 1724090 00 5702963 17 7182266 00 835C00 00 373575 00 4360660 00 8969368 00 3750400 Oil 1278131 00 4594011 23 1766 fits 00 2244556 00 2694474 On 1503948 00 2824629 00 10778873 0 10779016 00 1295244 00 18385183 00 105361 00 7032853 00 392 480 00 1023 806 00 2458708 00 210900 00 1828845 00 24796 68 5 5260 84 154517 85 36465 33 23455 12 10121 41 27411 83 93926 90 103087 02 11568 26 1867 87 77630 56 60664 63 5 1637 70 18495 61 67l9 07 24709 74 29671 14 41393 31 27506 33 39193 27 184934 01 138214 27 14818 29 163382 09 2350 81 126037 05 6691 86 11605 66 35458 05 2335 48 30763 72 I 11490 83 33 50 70407 17 15568 18 21050 07 3998 18 5679 25 52438 23 30256 45 5496 28 1145 00 23 823 35108 28498 26 1831 79 49582 45 22213 55 15365 90 35571 02 21177 58 13612 12 73409 62 92967 11 16407 27 64380 1257 54 67706 98 9261 44 4695 41 18463 29 5670 08 13652 16 13305 8 5227 34 84050 68 20897 15 2399 05 13123 23 21732 58 41498 57 728s0 57 6071 9S 782 V 53806 77 25556 08 31139 44 16660 82 18126 62 2496 19 14305 24 5822 29 6328 75 25581 15 111525 39 45247 16 99 001 32 1093 27 58330 07 6910 25 16994 76 17111 56 98 2569 58 iJssiio 60 00 50 40 252 00 146 40 93 60 2 40 100 80 177 60 182 40 26 40 189 20 98 40 189 60 72 00 200 40 24 00 98 40 184 80 38 40 69 60 489 60 278 40 21 60 360 00 288 00 19 20 36 00 26 40 76 SO 16 CO 16 00 16 00 16 00 16 00 16 00 16 00 16 00 6 00 10 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 l600 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 io 66 247 97 52 60 1515 18 364 65 234 55 161 21 274 12 93 27 1030 87 115 68 770 30 606 65 596 37 181 95 677 09 247 10 296 71 413 93 275 06 391 93 1819 34 1382 II 148 18 1633 82 23 51 1260 37 66 91 116 06 354 58 23 35 307 64 339 97 135 00 1729 18 513 05 360 15 163 61 406 92 1148 87 1245 27 174 08 32 00 32 00 917 50 737 05 817 97 288 95 915 49 303 10 427 11 630 73 315 46 493 53 2370 94 1692 54 201 78 2025 82 23 21 1580 37 118 11 184 06 412 98 28 85 416 44Mercantile Mutual National Niagara New Hani pshire Norwich union North British Mercantile Northern Orient Pacific Palatine Pennsylvania Piiotiix Assurance Pt oenix Phoenix Queen Rochester German Royal Scottish Union National Southern Mutual Springfield St Iaul Sun Insurance Office Sun Traders Union Assurance i estern Assurance Westchester Willtamshurgh City Total Rhode Island Connecticut New York N Hampshire England b ngtand England Connecticut New York England Pennsylvania England New York Connecticut New York New York England Great Britain ieorgia Massachuse ts Minnesota England Louisiana Illinois England Canada New YTork New York 1000 3878 1021 2286 3392 6925 3807 1519 59 2317 2518 4989 7654 5331 108 1 1698 8184 27 1 2647 1953 2495 2 529 211 1693 18 W 2828 3140 1678 100 00 413 Wl 167 00 728 00 261 00 583 en 583 i 171 10 900 00 713 00 7511 00 811 41 855 en 894 no 833 on 453 no 563 20 835 00 son on V27 Ofl 264 on 648 65 721 nil 703 00 567 00 699 00 so on 857 00 214 719433 00 Overpayment S100 8700 24 43011 00 17575 22 27986 31 45584 31 57002 95 52725 IS 21526 01 650 32 38983 88 329II 08 45 457 27 114970 08 72065 90 83964 71 23581 93 78720 88 31397 52 277842 87 29391 74 3507 i8 29700 00 37341 01 20984 26 9097 13 32490 73 40725 29 22927 7S 576 71 10984 15 4998 36 11492 38 25803 72 19792 11 23719 00 10177 80 1 10 10182 13 20 07 3 25191 08 49100 51 39023 21 29741 27 29195 46 32070 38 13232 03 70921 57 902 16 17043 34 7243 11 10215 00 25 274 23 9131 40 8828 15 15962 15 4372 77 3002653 49 f 1379395 44 8213 50 32920 85 12570 86 16493 96 19780 02 38170 51 20006 48 5048 81 619 22 28801 75 12932 73 20200 19 65869 57 32442 72 54224 44 46656 50 13105 49 200921 30 19770 98 18023 74 22456 99 27126 01 1710 03 202 73 23662 58 21703 14 18555 01 53 S 1637435 1 I 8 12800 09 2515 2 40 16 00 16 00 80 40 16 00 16 00 33 60 16 00 10 00 67 20 16 00 16 00 115 20 16 no 16 00 122 40 16 00 10 00 79 20 16 01 10 00 57 60 16 00 16 00 07 21 16 00 16 00 151 20 10 00 16 00 58 40 16 00 16 00 217 20 16 00 16 00 184 80 16 00 16 10 184 80 16 00 10 00 100 80 16 00 10 00 88 80 16 00 16 00 31 20 16 00 16 00 76 80 16 00 16 00 48 00 16 00 16 00 9 60 16 00 16 00 52 80 16 00 16 00 71 40 16 00 10 00 81 60 16 00 16 00 24 00 16 00 16 00 11 20 10 00 16 On 74 40 16 0C 16 00 16 80 16 00 16 00 S7 90 439 11 175 75 279 80 455 81 579 03 527 25 215 27 6 50 389 S3 329 40 454 57 1149 70 720 65 839 0 1 235 82 787 27 313 97 2778 43 293 95 350 07 297 00 378 41 269 84 96 97 324 91 407 30 229 28 122 30 557 51 241 35 379 00 603 04 731 03 638 15 804 87 6 50 439 08 312 60 511 97 1428 90 937 4 1056 44 368 62 90S 07 377 17 2887 43 373 95 392 27 381 SO 479 81 383 44 152 97 448 11 513 70 278 08 6036 801912 00 8912 Out 3007 81 S 39692 B1 O o 3 W o tl t1 H W 6 H CO a hj o wTABLE No 5 Showing Business Done by Old Line Life Insurance Companies for the Year Ending April 30 1902 Amount of Premiums V tut J a s NAME OF COMPANY STATE Insurance Premiums Losses Paid in excess of ttS MS in force Losses CO o 2 5 M 3 5 h fa h H yEtna Connecticut Mutual Equitable Fidelity Mutual Franklin Germania Hartford Home Illinois Manhattan Maryland Massachusetts Mutual Metropolitan Michigan Mutual Mutual Benefit Mutual Mutual Mutual Reserve Fund National National New England Mutual New York Northwestern Mutual Pacific Mutual Prudential Penn Mutual Phoenix Mutual Provident Savings Itoyal Union Mutual Security Trust Security Mutual South Atlantic Sun State State Mutual Travelers Union Central United States Washington Life Total Connecticut Connecticut New York Pennsylvania Illinois New York Connecticut New York Illinois New York Maryland Massachusetts New York Michigan New Jersey New York Kentucky New York Hist of Columbia Vermont Massachusetts NewYork Wisconsin California New Jersey Pennsylvania Connecticut New York Iowa Pennsylvania New York Virginia Canada Indiana Massachusetts Connecticut Ohio New York New York 5471412 00 1139000 JO 13104475 00 2291012 00 1725250 00 307363 00 3082521 00 1014625 00 324000 00 2295469 00 445000 00 4381390 00 8875282 00 025509 00 6470754 00 20889750 00 1110091 00 2023724 00 1621363 72 412500 00 5109 93 19 855020 00 11682224 00 398750 00 4253844 00 14221709 01 1547300 00 3864008 00 527765 00 411939 00 2537156 00 109000 00 593500 00 1191fi00 00 118000 00 4524871 00 3888258 00 1032055 00 931022 00 140409404 7i 148888 31 39065 28 385782 59 64873 41 52926 19 9 966 39 93981 88 3207 81 952 65 68650 42 16275 74 149588 34 256850 35 18789 35 237284 46 740521 64 43106 91 72924 13 34412 37 10334 84 14178 63 699419 42 359482 72 12435 89 132173 79 406049 74 55329 00 149378 9S 15414 26 18258 46 62071 10 2326 07 22937 53 29341 81 2262 97 148407 77 125103 21 30010 54 29660 75 4799931 23 60641 09 5000 00 155667 01 67246 40 2009 32 7000 00 47250 00 11000 00 2000 00 63408 00 10000 00 28500 00 64201 75 4787 00 79961 38 355544 93 17940 00 65900 00 7000 00 275081 86 135532 00 2311 75 33134 99 127221 00 16282 00 56036 45 5500 00 3000 00 27 249 00 5000 00 10000 00 46166 06 25000 00 25500 00 6006 10 8 1843778 l 88247 34065 230115 7627 50916 2966 46731 21207 7528 5142 6275 1210fc8 192648 14002 157323 384976 25166 7024 27442 10334 14178 424337 223950 10124 99038 278828 39047 93342 9914 15258 34822 2326 17937 19341 2262 102241 100103 4510 23654 2955853 14 79 20 2 40 43 20 21 60 19 20 38 40 45 60 9 60 4 80 7 20 4 36 00 453 60 7 20 76 80 81 60 19 20 48 00 28 80 21 60 16 80 158 40 69 60 4 80 21 60 132 00 12 0 21 60 2 40 4 SO 67 20 2 40 2 40 21 60 4 80 141 60 28 80 2 40 21 60 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 10 00 16 00 16 00 16 00 32 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 10 00 16 01 16 00 16 00 744 81785 60 610 00 8640 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 32 00 16 00 16 00 16 00 16 00 16 00 16 0 16 00 16 00 16 00 16 00 16 60 16 00 16 00 16 00 16 00 16 00 16 00 10 00 16 00 16 00 16 00 16 00 16 00 10 00 16 00 1488 88 390 65 385783 648 73 529 26 99 66 939 82 320 07 95 29 685 50 162 76 1495 88 2568 50 187 89 2372 81 7405 22 431 06 729 24 344 42 103 35 141 79 6994 19 3594 83 182 56 1321 74 4060 50 553 29 1493 79 154 15 182 58 620 71 23 26 229 38 293 41 22 63 1484 08 1251 03 300 10 290 61 o o 3 rJ a o a S3 6 a a S3 S3 a o S3 H 8057 48 851123 TABLE No t Showing Business Done by Assessment Life and Accident Insurance Companies for the Year Ending April 301902 NAME OF COMPANY State American Assurance Association Continental Aid Association Empire Mut Annuity and Life GeorgiaMut Life and Annuity Georgia Sick and Accident Georgia Cooperative Fire Georgia Reliet Association Home Friendly Society Industrial Aid Association Mutual Fire Indemnity Mutual Aid Indemity Provident Life and Annuity State Mutual Life and Annuity Georgia Georgia Georgia Georgia Georgia Georgia Georgia Maryland Georgia Georgia Georgia Maryland Georgia Amount of Insurance in force Premium Premiums in excess of Losses Losse 1815000 00 1112500 00 28139 45 816760 00 33843 93 12091 00 19184 75 90000 00 1923 55 15731 00 1573 00 152900 00 11598 75 604600 00 132698 15 46438 95 4848391 00 275400 53 8 51375 95 221024 58 450 00 300 00 3961 75 150 69 195 00 4699 51 38716 00 5900 00 27689 45 33543 93 15220 00 1772 86 1378 00 6899 24 98982 15 40538 95 a s 0 c Ifl c O 3 3 43 CO 3 5Z5 i h M i 7 20 2 40 24 00 14 40 24 00 9 60 9 60 122 40 2 40 7 20 14 40 16 00 16 00 IB 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 10 00 16 00 16 00 16 00 16 00 16 00 t 237 60 208 00 8 208 00 2754 00 3407 60 281 39 338 43 191 85 19 24 15 73 115 99 1326 98 39 20 34 40 337 39 384 83 247 85 51 24 57 33 157 59 1481 38 34 40 32 00 39 20 510 39 a o 3 H f0 O F F El W 6 H H F TJl hS O wTABLE No 7 Showing Business Done by Accident Marine Surety and Plate Glass Companies for the Year Ending April 30 1902 NAME OF COMPANY STATE Ftna Life and Accident JEtna Indemnity American Surety American Credit Indemnity American Bonding and Trust Bankers Mutual Casualty City Trust Safe and Deposit Employers Liability Fidelity and Casualty Fidelity and Deposit Guarantee of N A General Accident Hartford Steam Boiler Lloyds Plate Glass London Guarantee and Accident Maryland Casualty Metropolitan Plate Glass National Surety New York Plate Glass North American Accident Ocean Accident Pennsylvania Casualty Pacific Surety Preferred Accident Standard Life and Acedent Thames and Mersey Marine Travelers The Great Eastern Casualty United States Casualty Uniorj Casualty and Surety United States Fidelity and Guaranty Connecticut Connecticut New York New York Maryland Iowa Pennsylvania England New York Maryland Canada Scotland Connecticut New York England Maryland New York New York New York Illinois England Pennsylvania Ualifornia New York Michigan England Connecticut New York New York Missouri Maryland Amount of Insurance in force Premiums Losses Paid Premiums in excess of Losses Loss 4889350 00 384843 50 4244987 00 287500 00 3185035 07 69500 00 485079 95 12 727537 00 2833935 00 25U6300 00 1261250 00 1330700 00 52423 48 1547000 00 7776812 00 58494 70 2110040 00 22188 00 1869816 29 164000 00 Total S 101564929 4 10096200 00 2473150 00 689310 00 13954931 00 19204090 00 401390 00 6947466 46 46731 74 654 85 11439 29 15945 00 12259 21 1319 75 1483 19 8380 18 40497 75 19210 65 7599 24 1211 50 13100 46 1470 13 6647 21 32404 63 1476 81 7311 66 755 42 S 23166 1375 55 10412 85 7597 78 11293 26 532 13 1134 20 20809 00 20034 9 3022 87 51039 94 315 00 5762 97 17469 5556 05 455 20 1105 96 1411 44 260 13 1269 68 17947 44 568 13 1858 67 407 35 5118 79 746 07 168 75 11785 OS 12010 92 23565 06 634 85 10063 74 5532 15 4601 43 1319 1138 19 2617 31 23027 77 13654 00 7144 04 105 54 11789 02 1204 00 5377 53 14457 17 908 68 5452 99 318 07 25491 0 21718 28 11402 15 1339 67 291 00 22021 28 39584 30 6174 47 965 45 902i 92 7994 03 3022 87 25548 89 10316 13 1018 67 1750 02 8 382814 05 203605 778 214678 74 213 91 241 91513 6 J404 00JI64 00 3828 40 9 60 21 CO 7 20 21 60 Tax Total 9 60 9 60 79 20 24 00 4 80 79 20 20 40 43 20 24 00 2 40 2 40 31 20 2 40 2 40 33 60 76 80 2 40 32 00 10 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 Hi 00 16 00 10 00 16 00 16 00 16 00 10 00 16 00 10 00 16 00 16 00 16 00 16 00 16 00 32 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 10 00 2 40 4 80 2 40 60 00 10 00 16 00 16 00 16 00 16 00 16 00 16 00 10 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 10 00 16 00 16 00 16 00 16 00 467 32 6 55 114 39 159 45 122 59 13 20 14 88 83 80 404 98 192 10 75 91 12 12 131 00 II 70 66 4 324 4 14 76 73 Jl 7 55 112 93 5 32 11 34 2C8 09 200 35 30 23 510 40 217 18 13 40 220 21 407 32 80 15 170 39 198 60 176 19 45 20 56 43 125 40 516 18 248 10 112 79 12 12 242 2J 73 10 98 47 399 24 70 76 105 11 41 95 34 40 176 13 39 72 45 74 273 69 309 15 64 63 510 40 31 40 253 98 47 80 312 21 O O H 6 w W W H hj O wTABLE No 8 Comparative Table Showing Comparative Business of Insurance Companies in the State for the Years 94 95 9Q 97 98 99 1900 1901 and 1902 CO 1894 1894 1894 1894 1805 1895 1895 1895 1895 1896 1896 1896 1896 1896 1897 1897 1897 1897 1897 1898 1898 1898 1898 Fire Life Cooperative Life Accident and Marine Fire companies Life compan ies Cooperative Life companies Accident Indemity and Marine Fire companies doing brokers business Fire companies Life companies Cooperative companies Accident Surety and Marine Fire companies doing brokers business Fire companies Life companies Cooperative companies Accident Surety and Marine Fire companies doing brokers business Fire 3 6 i u CO 3 a o o 5 s 4 Sl Eft f o 0 DC c m 5 2ft o S Life Cooperative companies Accident Surety and Marine 153574902 59 69931265 00 21279410 00 20020358 00 142899785 1 72908398 00 19786690 00 26073861 y2 156178791 07 72976962 00 27183951 00 43546452 40 131474245 53 76102836 14 27957174 00 51859358 24 137297140 21 81873834 00 23180329 50 64604350 70 1961708 32 2375244 22 240154 65 122952 95 1978112 75 2450077 34 286131 43 140571 04 2114037 16 2381480 54 405042 42 182411 92 2083122 48 2489193 93 430815 99 194342 83 2186332 30 2736088 03 427680 43 222607 47 1043352 51 859411 89 99927 54 77338 91 1233457 44 730034 00 134907 95 53090 26 926742 49 797219 18 162428 82 91667 98 1112064 40 1008800 82 299818 64 84715 66 1274499 21 1090177 57 218432 96 92851 53 1491 349 96 89 1610 476 175 107 76 1756 400 202 143 59 2229 417 220 140 19 2479 394 216 195 5541 1701 1190 919 5348 206 1740 1024 406 6038 1856 1508 1079 461 7397 2029 1424 1264 237 7837 1914 1382 1268 19617 08 23752 44 2410 47 1229 52 19325 77 24500 77 2861 32 1331 16 57 80 21144 25 23822 57 4108 48 1822 11 194 95 20844 81 24891 4312 09 1998 37 149 42 21853 36 27360 75 4276 73 223a 33 25158 08 25454 04 3591 87 149 21 24674 39 26507 10 4601 31 2387 90 464 20 27178 87 25670 90 5617 28 2903 31 619 92 28262 41 26921 48 5736 09 3262 37 386 93 29670 96 28320 75 5659 13 3501 33 O O d H ft O r t1 H ft 6 H H ft t tj as W o w 1898 1899 1899 3 1899 1899 1899 1900 1900 1900 1900 1901 1901 1901 1901 1901 1902 1902 1902 1902 1902 1902 1902 Fire companies doing brokers business Fire Life Cooperative companies Accident Surety and Marine Fire companies doing brokers business Fire Life Cooperative Accident Surety and Marine Fire companies Old Line Life companies Assessment Life companies Accident Plate Glass Marine and Surety cos Fraternal Orders Fire Old Line Life Assessment Life Accident Plate Glass Marine and Surety cos Fraternal Orders Agents tax receipted for as fees by mistake Overpayment of Fees 165917945 42 103549449 47 10663310 00 65608411 90 179561495 07 92223613 31 7847605 00 76015608 11 231234339 40 132054379 80 4659699 50 106758014 37 234719433 69 140409404 72 4848391 00 101564929 45 2170800 57 3184674 79 273130 O 237758 19 2419054 02 3 989954 41 276811 01 260701 94 2799184 25 4096642 95 21899 72 329627 19 3002653 49 4799931 23 275400 5 382844 05 1227318 89 1087294 41 127798 96 150059 11 1575983 T 1488443 73 100074 48 122829 96 1543133 20 1524301 42 51478 98 150316 41 1379395 44 1843778 09 54375 95 203605 77 2685 457 150 197 2 2694 580 152 195 2816 739 127 200 2515 744 99 244 179 20 8356 20 2216 80 776 00 1336 80 68 80 8514 40 2512 00 780 80 1396 80 8839 20 2989 60 848 80 1312 00 220 00 7860 80 3065 60 653 60 1513 60 300 00 30 00 80 281 90 21715 62 31850 31 2731 26 2377 54 26 48 24190 38 36385 58 2768 10 2607 06 27991 69 40966 36 2334 58 3296 25 30007 81 48057 48 2754 00 3828 40 464 10 30087 42 34067 11 3507 26 3714 34 32704 78 38897 58 3548 90 4003 86 36830 89 43955 96 3183 38 4608 25 39692 61 51123 08 3407 60 5342 00 o K w o f1 H W Q H a w H o tdIINDEX A JETNA ACCIDENT INSURANCE COMPANY HARTFORD CONN Statement of for 1902 398402 iETNA INDEMNITY COMPANY OF HARTFORD CONN Statement of for 1902 39539S ETNA INSURANCE COMPANY HARTFORD CONN Statement of for 1902 1620 TNA LIFE INSURANCE COMPANY HART FORD CONN Statement of for 1902 166172 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN N J Statement of for 1902 912 AMERICAN BOND AND TRUST COMPANY BALTIMORE CITY Statement of for 1902 402405 AMERICAN CENTRAL INSURANCE COMPANY ST LOUIS MO Statement of for 1902 1215 AMERICAN ASSURANCE ASSOCIATION AT LANTA GA Statement of for 1902 372374500 COMPTROLLERGENERALS REPORT American credit indemnity company new york n y Statement of for 1902 405407 AMERICAN SURETY COMPANY NEW YORK N Y Statement of for 1902 407410 ATLANTA HOME EIRE INSURANCE COM PANY ATLANTA GA Statement of for 1902 202 2 B BANKERS MUTUAL CASUALTY DES MOINES IOWA Statement of for 1902 411413 BRITISH AMERICA ASSURANCE COMPANY OE TORONTO CANADA Statement of for 1902 23 2S C CITY TRUST SAFE DEPOSIT AND SURETY COMPANY OF PHILADELPHIA PA Statement of for 1902 413417 COMMERCIAL UNION ASSURANCE COMPANY OF LONDON ENG Statement of for 1902 2831 CONNECTICUT FIRE INSURANCE COMPANY II APT FORD CONN Statement of for 1902 3537 COMPTROLLERGENERALS REPORT 501 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OE HARTFORD CONN Statement of for 1902 172177 E EMPLOYERS LIABILITY ASSURANCE CORPO RATION LIMITED LONDON ENG LANDUNITED STATES BRANCH Statement of for 1902 417421 EMPIRE MUTUAL ANNUITY AND LIFE INSUR ANCE COMP A NY Statement of for 1902 374377 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES NEW YORK Statement of for 1902 177181 F FARMERS MUTUAL FIRE INSURANCE COM PANY OF FORT GAINES GEORGIA Statement of for 1902 2829 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF GEORGIA JACKSON GA Statement of for 1902 3733 FIDELITY AND CASUALTY COMPANY OF NEW YORK Statement of for 1902 421424 FIDELITY AND DEPOSIT SURETY COMPANY OF BALTIMORE MD Statement of for 1902 424426502 COMPTROLLERGENERALS REPORT FIDELITY MUTUAL LIFE INSURANCE COMPA NY PHILADELPHIA PA Statement of for 1902 182187 FIRE ASSOCIATION OF PHILADELPHIA PA Statement of for 1902 4346 FIREMANS FUND FIRE INSURANCE COM PANY OF SAN FRANCISCO CAL Statement of for 1902 4043 FRANKLIN LIFE INSURANCE COMPANY OF SPRINGFIELD ILL Statement of for 1902 187191 G GA COOPERATIVE FIRE ASSOCIATION Statement of for 1902 381382 GA MUTUAL LIFE AND ANNUITY INSURANCE COMPANY Statement of for 1902 377379 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Statement of for 1902 4648 GEORGIA RELIEF ASSOCIATION 3823S4 GEORGIA SICK AND ACCIDENT BENEFIT AS SOCIATION ATLANTA GA Statement of for 1902 379381 GERMANAMERICAN FIRE INSURANCE COM PANY OF NEW YORK N Y Statement of for 1902 4951COMPTROLLERGENERALS REPORT 503 GERMAN FIRE INSURANCE COMPANY OF FREEPORT ILL Statement of for 1902 5154 GERMANTA FIEE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 5457 GERMANTA LIFE INSURANCE COMPANY NEW YORK N Y Statement of for 1902 191195 GEEAT EASTEEN CASUALTY AND INDEMNITY COMPANY OF NEW YORK Statement of for 1902 426429 GLENS FALLS FIEE INSUEANCE COMPANY OF GLENS FALLS N Y Statement of for 1902 5759 GREENWICH INSUEANCE COMPANY OF NEW YOEK N Y Statement of for 1902 59 52 GUAEANTEE COMPANY OF NORTH AMERICA MONTREAL CANADA Statement of for 1902 429431 H HAMBURGBREMEN FIRE INSURANCE COM PANY OF HAMBURG GERMANY Statement of for 1902 62 64 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 6567504 COMPTROLLERGENERALS REPORT HARTFORD FIRE INSURANCE COMPANY HAETFOED CONN Statement of for 1902 6770 HAETFOED LIFE INSURANCE COMFANY HAETFOED CONN Statement of for 1902 196200 HAETFOED STEAM BOILEE INSPECTION AND INSURANCE COMPANY OF CONNECTI CUT Statement of for 1902 432435 HOME FIEE INSURANCE COMPANY OF NEW YOEE N Y Statement of for 1902 70 74 HOME FRIENDLY SOCIETY BALTIMORE MD Statement of for 1902 384386 HOME LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 200205 I ILLINOIS LIFE INSURANCE COMPANY CHI CAGO ILL Statement of for 1902 205209 IMPERIAL FIRE INSURANCE COMPANY LIM ITED OF LONDON ENGLAND Statement of for 1902 7476 INDUSTRIAL AID ASSOCIATION ATLANTA GA Statement of for 1902 387389COMPTROLLERGENERALS REPORT 505 INSURANCE COMPANY OF NORTH AMERICA OE PHILADELPHIA PA Statement of for 1902 7780 INSURANCE Names and postoffices of Fire Insurance Companies authorized to transact business 1902 486487 Names and postoffices of Life Insurance Companies authorized to transact business 1902 488 Names and postoffices of Accident Marine Surety and Plate Glass Insurance Companies authorized to transact business 1902 489 Fire Business 490491 Old Line Life Business 492 Assessment Life and Accident Business 493 Accident Marine Surety and Plate Blass Business 494 Comparative business of Insurance Companies from 1894 to 1902 496497 L LLOYDS PLATE GLASS INSURANCE COM PANY OF NEW YORK N Y Statement of for 1902 435435 LIVERPOOL AND LONDON AND GLOBE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Statement of for 1902 80 S2 LIVERPOOL AND LONDON AND GLOBE FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 8281 LONDON ASSURANCE CORPORATION OF LON DON ENGLAND Statement of for 1902 8587506 COMPTROLLERGENERALS REPORT LONDON AND LANCASHIRE EIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Statement of for 1902 8790 LONDON GUARANTEE AND ACCIDENT COM PANY LIMITED LONDON ENG Statement of for 1902 438441 M MANCHESTER ASSURANCE COMPANY OF MANCHESTER ENGLAND Statement of for 1902 9093 MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 210215 MARYLAND CASUALTY COMPANY BALTI MORE MD Statement of for 1902 441445 MARYLAND LIFE INSURANCE COMPANY BAL TIMORE MD Statement of for 1902 215221 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS Statement of for 1902 222227 MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE R I Statement of for 1902 9395 METROPOLITAN PLATE GLASS INSURANCE COMPANY OF X EW YORK N Y Statement of for 1901 446448dP COMPTROLLERGENERALS REPORT 507 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 228233 MICHIGAN MUTUAL LIFE INSURANCE COM PANY OF DETROIT MICH Statement of for 1902 233233 MUTUAL BENEFIT LIFE INSURANCE COM PANY NEWARK N J Statement of for 1902 239241 MUTUAL LIFE INSURANCE COMPANY OF LOUISVILLE KY Statement of for 1902 244249 MUTUAL LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 249251 MUTUAL RESERVE FUND LIFE INSURANCE COMPANY NEW YORK N Y Statement of for 1902 254260 MUTUAL AID ASSOCIATION OF GEORGIA Statement of for 1902 389391 N NATIONAL LIFE INSURANCE COMPANY OF VERMONT Statement of for 1902 266271 NATIONAL LIFE INSURANCE COMPANY WASHINGTON D C Statement of for 1902 260265508 COMPTROLLERGENERALS REPORT NATIONAL SUEETY COMPANY OF NEW YOKE N Y Statement of for 1902 44845i NEW ENGLAND MUTUAL LIFE INSUIMNCE COMPANY BOSTON MASS Statement of for 1902 271270 NEW YOKE LIFE INSURANCE COMPANY NEW YORK N Y Statement of for 1902 276281 NEW HAMPSHIRE FIRE INSURANCE COM PANY OF MANCHESTER N II Statement of for 1902 98100 NEW YORK PLATE GLASS INSURANCE COM PANY OF NEW YORK N Y Statement of for 1902 451453 NORTH AMERICAN ACCIDENT INSURANCE COMPANY CHICAGO ILL Statement of for 1902 453455 NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1902 100102 NORTH BRITISH AND MERCANTILE INSUR ANCE COMPANY OF LONDON AND EDINBURGH GREAT BRITAINU S BRANCH Statement of for 1902 10510S NORTHERN ASSURANCE COMPANY OF LON DON ENGLANDU S BRANCH Statement of for 1902 1Q8111COMPTROLLERGENERALS REPORT 509 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY MILWAUKEE WISCONSIN Statement of for 1902 281287 NORWICH EIRE INSURANCE SOCIETY OF ENGLAND Satement of for 1902 102105 O ORIENT FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of for 1902 111114 OCEAN ACCIDENT AND GUARANTEE COR PORATION LIMITED FIRE INSUR ANCE COMPANY OF LONDON ENG Statement of for 1902 456457 P PACIFIC MUTUAL LIFE INSURANCE COM PANY SAN FRANCISCO CAR Statement of for 1902 287292 PACIFIC SURETY COMPANY SAN FRANCISCO CAR Statement of for 1902 457460 PALATINE INSURANCE COMPANY OF LON DON ENGLAND Statement of for 1902 114117 PENN MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA PA Statement of for 1902 292293510 COMPTROLLERGENERALS REPORi PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA PA Statement of for 1902 llTlli PENNSYLVANIA CASUALTY COMPANY Statement of for 1902 461463 PHOENIX ASSURANCE OF LONDON ENG U S BRANCH Statement of for 1902 122121 PHOENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y Statement of for 1902 124127 PHOENIX FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of for 1902 119122 PHOENIX MUTUAL LIFE INSURANCE COM J4i PANY OF HARTFORD CONN Statement of for 1902 29830J PREFERRED ACCIDENT INSURANCE COM PANY NEW YORK N Y Statement of for 1902 46346 j PROVIDENT SAVINGS LIFE INSURANCE SO CIETY OF NEW YORK N Y Statement of for 1902 310316 PROVIDENT LIFE AND ANNUITY COMPANY Statement of for 1902 39139 PRUDENTIAL INSURANCE COMPANY OF AMERICA NEWARK N J Statement of for 1902 304310COMPTROLLERGENERALS REPORT 511 Q QUEEN FIKE INSURANCE COMPANY OF AMER ICA NEW YORK N Y Statement of for 1902 127130 R ROCHESTER GERMAN FIRE INSURANCE COM PANY OF ROCHESTER N Y Statement of for 1902 130132 ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL ENGU S BRANCH Statement of for 1902 133136 ROYAL UNION MUTUAL LIFE INSURANCE COMPANY DES MOINES IOWA Statement of for 1902 316321 S SCOTTISH UNION AND NATIONAL FIRE IN SURANCE COMPANY OF EDINBURGH SCOTLAND Statement of for 1902 136135 SECURITY MUTUAL LIFE INSURANCE COM PANY BINGHAMTON N Y Statement of for 1902 326330 SECURITY TRUST AND LIFE INSURANCE COMPANY OF PENNSYLVANIA Statement of for 1902 321326 SOUTH ATLANTIC LIFE INSURANCE COM PANY RICHMOND VA Statement of for 1902 331512 COMPTROLLERGENERALS REPORT SOUTHERN MUTUAL EIRE INSURANCE COM PANY OE ATHENS GA Statement of for 1902 139140 SPRINGFIELD FIRE AND MARINE INSUR ANCE COMPANY OF SPRINGFIELD MASS Statement of for 1902 141143 STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF DETROIT MICHIGAN Statement of for 1902 46646S STATE LIFE INSURANCE COMPANY INDIAN APOLIS IND Statement of for 1902 340343 STATE MUTUAL LIFE ASSURANCE COMPANY OF MASSACHUSETTS Statment of for 1902 344343 STATE MUTUAL LIFE AND ANNUITY ASSOCIA TION ROME GA Statement of for 1902 392395 ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUL MINN Statement of for 1902 144140 SUN INSURANCE OFFICE OF LONDON ENG U S BRANCH Statement of for 1902 147149 SUN FIRE INSURANCE COMPANY OF NEW OR LEANS LA Statement of for 1902 14915 COMPTROLLERGENERALS REPORT 513 SUN LIFE INSURANCE COMPANY OE CANADA MONTREAL CANADA Statement of for 1902 335340 T THAMES AND MEESEY MARINE EIEE INSUR ANCE COMPANY OF LIVERPOOL ENG Statement of for 1902 469471 TRADERS FIRE INSURANCE COMPANY OF CHICAGO ILL Statement of for 1902 152155 TRAVELERS LIFE INSURANCE COMPANY HARTFORD CONN Statement of for 1902 348352 TRAVELERS INSURANCE HARTFORD CONN Statement of for 1902 471474 U UNION ASSURANCE SOCIETY OF LONDON ENGLANDU S BRANCH Statement of for 1902 155157 UNION CENTRAL LIFE INSURANCE COM PANY CINCINNATI O Statement of for 1902 353360 UNION CASUALTY AND SURETY COMPANY ST LOUIS MO Statement of for 1902 477481 33 inI 514 COMPTROLLERGENERALS REPORT UNITED STATES FIDELITY AND GUARANTY COMPANY Statement of for 1902 481485 UNITED STATES CASUALTY COMPANY OF NEW YORK N Y Statement of for 1902 474477 UNITED STATES LIFE INSURANCE COMPANY OF N Y Statement of for 1902 360367 W WASHINGTON LIFE INSURANCE COMPANY OF NEW YORK N Y Statement ofr for 1902 367372 WESTERN FIRE ASSURANCE COMPANY OF TORONTO CANADA Statement of for 1902 157160 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK N Y Statementof for 1902 16016 WILLIAMSBURG CITY FIRE INSURANCE COM PANY OF BROOKLYN N Y Statement of for 1902 i63lTB64 IUNIVEHSITY OF QEORGjA LIBRARIES 3 ElQfl Q54EM 27tb J