Report of the Insurance Department of the Comptroller-General's Office, 1903

THE LIBRARY OF THE UNIVERSITY OF GEORGIA

REPORT
Insurance Department
OF THE
COMPTROLLER-GENERAL'S OFFICE
FOR THE
YEAR ENDING DECEMBER 31, 1903.

THE GENERAL LIBi
THE UNIVERSITY I.
STATE UBm>

ATLANTA, (iA.:
THE FKANKUN PRINTING AND PUBLISHING COMPANY,
GEO. W. HARRISON (STATE PRINTER), GEN. MGR. 1UW.

THE GENERAL LIBRARY

THE UNIVERSITY Or GEOflSto

ATHENS, GEOKC;

JJ

MAY 26'45

EEPOET,

INSURANCE DEPARTMENT OE COMPTROLLER-GENERAL'S OFEICE.

His Excellency Jos. M. Terrell, Governor. SIR : In icompliance with law, I have the honor to submit the
annual report of this department for the year ending December 31, 1903, showing by tabulated statements the amount of risks written, premiums received, and losses paid. Also amount of fees and taxes received from October 1, 1902, to December 31,

1903.

Respectfully, WM. A. WRIGHT, Comptroller-General.

THE GENERAL LIBRARY
THE UNIVERS11 STATE uamm SIFT ]
. THE GENERAL LIBRARY THE UNIVERSITY OF GEORGIA
ATHENS, GEORGW

N

The following Fire, Life and other Insurance Companies, having complied with the law, are authorized to transact business in the State for the year 1903 and fourth quarter of 1902:

FIRE INSURANCE COMPANIES.

American Central Fire, 415 Locust Street, St. Louis, Mo.

Agricultural Fire, Watertown, New York.

.Etna Fire, Hartford, Conn.

Atlanta and Birmingham.

Atlanta Home, Atlanta, Ga. British American, 18 Front Street, Toronto, Canada.

Citizens Fire, St. Louis, Mo.

Commercial Union, 58 Williams Street, New York.

Continental, 46 Cedar Street, New York.

Connecticut Fire, Hartford, Conn. Fire Association of Philadelphia, 31 Fifth Street, Philadelphia, Pa.

Fireman's Fund, San Francisco, Cal.

Georgia Home, Columbus, Ga.

German, Freeport, 111.

German-American, 115 Broadway, New York.

Germania Fire, 117 Broadway, New York.

Glens Falls Fire, 149 Glen Street, Glens Falls, New York.

Greenwich Fire, 161 Broadway, New York.

Hamburg-Bremen, U. S. B , 62 Cedar Street, New York.

Hanover Fire, 40 Nassau Street, New York.

Hartford Fire, 53 Trumbull Street, Hartford, Conn.

Home, 119 Broadway, New York.



Insurance Company of North America, 232 Walnut St., Philadelphia, Pa.

Liverpool and London and Glob3, U. S. B., 45 Williams Street, New York.

Liverpool and London and Globe, New York.

London Assurance, U. S. B., 88 Wall Street, New York.

London and Lancashire, U. S 15., 4(i Pine Street, New York.

Manchester Fire, 171 La Salle Street, Chicago.

Mercantile Mutual Fire, 10 Weybossett Street, Providence, R. I.

Milwaukee Mechanics, Milwaukee.

National Fire, Hartford, Conn.

Niagara, New York.

New Hampshire, Manchester, N. H.

Norwich Union, 67 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.

Palatine, U. S. B., 21 Nassau Street, New York.

Pennsylvania Fire, 510 Walnut Street, Philadelphia, Pa.

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.

681

-





COMPTROLLER-GENERAL'S REPORT.
Queen of America, 49 Cedar Street, New York. Rochester German, Rochester, N. Y. Royal, Liverpool, England, Louisville, Ky. Scottish Union and National, XI. 8. B., 222 Asylum Street, Hartford, Conn. Southern "Mutual, Athens, Ga. Springfield Fire and Marine, Springfield, Mass. St. Paul Fire and Marine, St. Paul, Minn. Sun Insurance Office, 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, New York.
LIFE INSURANCE COMPANIES.
jEtna Life, Hartford, Conn. Connecticut Mutual Life, Hartford, Conn. Equitable Life, 120 Broadway, New York. Fidelity Mutual Life, Philadelphia, Pa. Franklin Life, Springfield, 111. Federal Life, Chicago, 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. Missouri State Life, St. Louis. Mutual Benefit Life, 752 Broad Street, Newark, N. J. Mutual Life of New York, 32 Nassau Street, New York. Mutual Reserve Fund, 305 Broadway, New York. Mutual Life of Illinois, Chicago, 111. National Life, 1430 F Street, Washington, D. C. National Life, Montpelier, Vt. New England Mutual Life, Boston. New York Life, 346 and 348 Broadway, New York. Northwestern Mutual Life, corner Broadway and Milwaukee Streets, Mil-
waukee, Wis. Pacific Mutual Life, San Francisco, Cal. Prudential Life, Newark, N. J. Penn Mutual Life, 921 Chestnut Street, Philadelphia, Pa. Phcenix|Mutual Life, Hartford, Conn. Provident Savings Life, 55 Liberty Street, New York. Reliance Life, Pennsylvania. Royal Union Mutual, Des^Moines, Iowa. Security.Trust, Philadelphia, Pa.

COMPTROLLER-GENERAL'S REPORT.

vn

Security Mutual Life, Binghamton, New York. South Atlantic Life, Richmond, Va. Sun Life, Montreal, Canada. State Life, Indianapolis, Indiana. State Mutual Life, Worchester, Mass. Traveler's Life, 56 Prospect Street, Hartford, Conn. Union Central Life, 243 West Fourth Street, Cincinnati, 0. Washington Life, 21 Courtland Street, New York.
ASSESSMENT LIFE AND ACCIDENT INSURANCE COMPANIES.
Athens Mutual Fire, Athens, Ga. American Insurance Company, Atlanta, Ga, American Assurance Association, Atlanta, Ga. Continental Aid Association, Atlanta, Ga. Cotton Mill Mutual Fire, Augusta, Ga. Empire Mutual Annuity and Life, Atlanta, Ga. Farmers Co-operative Fire Association, Jackson, Ga. Georgia Industrial Company, Atlanta, Ga. Great Southern Home Industrial Association, Birmingham, Ala.
Georgia Co-operative Fire, Augusta, Ga. Home Friendly Society, Baltimore, Md. Industrial Life Association of Georgia, Elbsrton, Ga. Industrial Aid Association, Atlanta, Ga. Loyal Protective Association, Boston, Mass. Laborers' Life and Industrial Association, Buena Vista, Ga. Merchant Mutual Fire Association, Monroe, Ga. Mutual Aid Association, Augusta, Ga. Mutual Life, Athens, Ga. Mutual Fire Indemnity Association, Augusta, Ga. Southern Mutual Life Association, Atlanta, Ga. State Mutual Life and Annuity, Rome, Ga.
OTHER THAN LIFE OR FIRE.
JEtna Indemnity, Hartford, Conn. .Etna Accident, 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. Casualty Company of America, New York. City Trust, Safe and Deposit, Philadelphia, Pa. Employers' Liability Insurance Association, 81 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. ' Guarantee of N. A., 157 St. James Street, Montreal Canada. Hartford Steam B >iler, 218 Main Street, Hartford, Conn. Lloyd's Plate Glass, 68 Williams Street, New York. London Guarantee and Accident, 139 La Salle Street, Chicago, 111.
Maryland Casualty Company, Baltimore, Md. Metropolitan Plate Glass Company, 160 Liberty Street, New York.

COMPTROLLER-GENERAL'S REPORT.
National Surety Company, New York, N. Y. New York Plate Glass, New York. North American Accident, 217 La Salle Street, Chicago. Ocean Accident, 346 Broadway, New York. Pennsylvania Casualty, Scranton, Pa. Pacific Surety, 326 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. Title Guaranty Company, Pa. The Great Eastern Casualty Company, 290 Broadway, New York. United States Casualty Company, 38 Nassau Street, New York. Union Casualty and Suiety, Seventh and Chestnut Streets, St. Louis, Mo. United States Fidelity and Guaranty, Baltimore, Md. United States Health and Accident, Saginaw, Mich.
FRATERNAL ORDERS.
American Benevolent Association, St. Louis, Mo. American Guild, Richmond, Va. Benevolent Aid and Relief Association, Richmond, Va. Bonded Benefit Company, Atlanta. Bankers' Union of the World, Omaha, Neb. Catholic Knights of America, St. Louis, Mo. Eminent Household of Columbian Woodmen, Atlanta, Ga. Foresters, Toronto, Canada. Fraternal Union, Denver, Col. Fraternal Bankers of America, St. Louis, Mo. Fraternal Censor, Dayton, O. Fraternities Accident Order, Philadelphia, Pa. Gardners, Omaha, Neb. Heptasophs, Baltimore, Md. Heralds of Liberty, Huntsville, Ala. Home Provident Association, Atlanta, Ga. Knights of Modern Maccabees, Port Huron, Mich. Loyal Additional Benefit Association, Jersey City, N. J. Ladies of the Maccabees, Port Huron, Michigan. Masons' Annuity, Atlanta, Ga. Modern Puritans, Norfolk, Va. National Benevolent Union, Atlanta, Ga. National Fraternal Union, Murray, Ky. National Laborers' Protective Union, Atlanta, GaOrder of Columbia, Atlanta, Ga. Pilgrims' Benevolent Aid Association, Augusta, Ga. Prudent Patricians of Pompeii, Washington City. Royal Arcanum, Boston, Mass. Royal Fraternal Union, St. Louis, Mo. Senate National Union, Toledo, Ohio. United Benevolent Society, Atlanta, Ga. Union Mutual Relief, Atlanta, Ga. United States Protective Society, St. Louis, Mo.

LIST OF
INSURANCE AGENTS
WHO HAVE PAID THE
OCCUPATION TAX FOR 1903,

Acworth, Cobb County.

Abbeville, Wileox County. Monroe, J. B.

Adairsville, Bartow County. Bishop, O. B.

Ashburn, Worth County.

Jenkins, W. J.

Roberts, 0. E.

Ambrose, Coffee County.

Jarrell, A. B.

Austell, Cobb County.

Argo, J. T., Arthur & Everett,
;iey, D. W.,

Amerieus, Sumter County.

Oobb, J. A., Council, 0. M.,

Jones, W. M. & Co., Eooney & Davenport,

Forrest, J. L.,

Walker, S.

Albany, Dougherty County.

Barnes, J. A., Jr.,

Malone, E. A.,

Carter, Woollolk& Tucker, Mitchell, W. M.,

Davis, J. S. & Co.,

Sterne, E.,

Kutner, N. H.,

Tichnor, F. 0. & Co.,

Warren, E. H., Western & Wilder, WestbrookC., Welch, L. E.

Appling, Columbia County.

Arlington, Calhoun County.

Jay, L. E. & Co.

Athens, Clarke County.

Abbott, S. K., Anderson, T. B.,
Brodnas, F. E., Darwin, J. A , Drake, J. N., Guinn, J. G., Jennings, W. L ,

Johnson, L. M., Janhower, M., Kittle & Jackson,
Lipscombe, F. A-, Mell, J. C, Millege & Baxter, Morton, J. W,

Newton & Bryan, Perry, W. O., Poss, C. E., Shackelford & Shackelford,
Weil, E. B., Wilkins, J. J.

Augusta, Richmond County.

Allen. J. V. H. &Co., Alexander & Johnson,
Anderson, N. C,
Barrett, H. G., Burke, J. A.,

Burke, J. E., Burton, D. H., Butt, F. M. & Co., Campbell & Harrison, Carpenter, George C,

Carter, A. B., Castello, E. J., Clement, John B.,
Clement, W. J., Copps, W. W.,

COMPTROLLER-GENERAL'S REPORT.

Augusta, Richmond County--Continued.

Crook, R., Cropps, E. W., dimming, A. L.,
Daniel, D. H., Davis, C. N., Deiger & Doughty, Dean, W. D., Dobson, 0. L., Dougherty, R. P., Farming, J. N., Graham, F. T., Griffin, J., Hall, R. C., Heard, I. T., Hooper, J. D., Hughes, J. L.,

Jackson & Yerdery, Pickett R. 0.,

Keenan, H.,

Reynolds, J. S. & N. M.

Keenan, W. E.,

Savage, W. D.,

I^ockhart, M.,

Sharpe, R. V.,

Long, G. W.,

Sherman, W. H.,

Lanier, H. P.,

Seigles, G. G.,

Marshall, T. J.,

Story, S. C,

McDonald, J. F.,

Strownan, J. N.,

Mulherin & Armstrong, Thornton, J. R ,

Mullarky, A. P. H., Timberlake & Co.,

Morris, R. L.,

Timmerman, J. L.,

North, H. M.,

Walker, J. W.,

Parker, N. F.,

Wall, A. L.,

Parker, J. 0.,

Walsh, J.,

Phinizy & Co.,

Williams, M. G. & Co..

Atlanta, Fulton County.

Akers & Skinner, Allen, W. A., Anderson, J. A., Angier, C, Abbott, S. K., Atkinson, J. D., Barnett, S., Beck, A. & Co., Beckley, W. R., Brown, Miss Elizabeth, Bell, R. E., Bardwell, R. N. R., Brisendine, N. B., Brownlee, E. D., Bryan, A., Bradley, E. L., Blount, M. H., Burbank, S. M., Black, C. H., Buchanan, J. E., Cates, J. W., Chick, W. P., Coleman, F. W., Copeland, W. W., Cowles, John S., Cox, S.A., Clower, R. P., Crimm, C. H., Davis, J. C, Deaver, E. M., Dickey, J. L., Jr., Dobbs, E. J., Dobbins, W. C, Dowell, F. P., Erdman, C. M., Erdman, W. D., Field, J., Gay, A. 0. M., Goetner, H. J., Green, J. M., Guinn, R. J , Hardman, L. A., Harrison, A. J.,

Hillyer, S. L.,
Hill, L. J., Hull, Alexander, Henderson, R. T., Hansen, G. J., Hollingsworth, J. F., Herndon, M. S., Hammett, Alex., Hudson, G. G., Haas & Mclntyre, Haas, A. & Son, Hunt, J. J., Hurst, D. L., Hutchins, W. G., Jackson, M. M., Johnson, J. M., Johnson, B. T., Johnson, J. M., Jordan, R. L., Kirby, E. C, Kirtly, Miss Carrie, Kirkpatrick, Krouse, H. E., Lester, E. C, Manry, W. F. & J. M.
Manning, C. C, Manry, W. F., Mathews. C. S., Meador, W. L., Merry, E. C,
McAfee, H. H., McClerkin, Geo. P., McElroy, W. M., McLaughlin, J. P.,
Miller, J. W. S., Nelms, S. J., Northen, C. S., Overby, B. H., Palmer, J. F., Preston, W. H.,
Phillips, G. H., Peters, Thomas, Peters, A. J.,

Pearce, E. M., Patterson & Reynolds,. Price, R., Pressly, H. B., Quillian, W. G., Rawl, T., Ridley, J. F., Reynolds, Jno. C, Riley, J. L. & Co., Rowland, John T. & Co. Rowland, J. T. & Co., Russell, J. S., Savage, J., Sawyer, D. L., Shulhaefer, A. E., Shunem, E. C, Sims, R. L., Stoney, C. L. & Co., Shrieve, T. C, Story, C. M., Straus. Mrs. N., Taylor, W. H., Thornton, T. K., Thompson, H., Thrower, T. E., Tumlin, J. C, Tupper, S. Y., Turner, J. L., Threlkeld.T. Y., Taylor, W. A., Tool, W. H., Tool, J. E., Touslaw, A. R., Thorn. C. C, Veal, T. E., Wallace, T. B., AVells, E. B , Wilhelm, J C, Wynn, J. 0., Wilhinson, S. J.,. White, M., Wolfe, N. F.,

COMPTROLLER-GENERAL'S REPORT.

Adel, Berrien County.

Wells, W. D.

Bainbridgc, Decatur County.

Campbell, B. M., Graves, R. A. & Co.,

Perry, E. J.,

Tonge, W. G. B.

Barnesville, Pike County.

Arnold, W. E. Dominick, G. D., Humphries, C. H.,

Murphey, E. S. & Son, Murphey, O. A., Murphy, O.,

Perkel & Jordan, Rose, E. W.,

Bartoio, Jefferson County.

Outlaw & Humphrey.

Baxley, Appling County.

Hunter, J. A.

Bowman, Elbert County. Bowersville, Hart County.

Whatley, W. J.
Brantley & Pomeroy.
Boyd, J. O., Culpepper, W. C,

Bowden, Carroll County. Blackshear, Pierce County.

Blakely, Early County.

James, D. W.,

Powell, W. H,

Blueridge, Fannin County.

Sudderth, D. G.
Brooks & Brooks, Jones & Horn,
Blue, S., Crawford, C. S.,
Holland, T. M., M?.ngham, J. J.,
Calder, A. M., Conyers, C. B., Cook, W. B., Gale, H. W,, Herb, G. C,

Buford, Owinnelt County.

Boston, Thomas County.

Sanders, W. D.,

White, R. L.,

Buena Vista, Marion County.

Reese, B. T.,

Singleton, W. C.

Bremen, Haralson County.

Mozley, J. B.,

Rambo, S. S.

Brunswick, Glyhn County.

Isaac, Mac, Jackson, R. G., Marlin, L. C, Montgomery, J, A.,
Purcell, J. C,

Rodriguez, C. 0.r Smith, George, Symons, W. F.,
Wright, J. S.

Bryan, Houston County.

McCrary, George J.,

Butle-r, Taylor County. Taylor, R. S.

Calhoun, Gordon County.

Starr & Erwin.

Camilla, Mitchell County.

Bush, R.D. & M. E.

COMPTROLLER-GENERAL'S REPORT.

Graham, Jno. C.
Johnston, W. A.,
Boyd, B. W.,
Adamson, J. R., Almon, F. L., Bass, E. M.,

Cave Spring, Floyd County.

Canton, Cherokee County.

Pe*ry, B. F.

Carncsvillc, Franklin County.

Fricks, A. L.,

Lee, J. T.

Carrollton, Carroll County,

Broadnax. E. B., Brown & Roop, Connell, F. L.,

Grow, S. E., Hodnett, W. C, Rambo, S. S.

Comer, Madison County.

Carlton, Madison County.

Hunt & Stevens. Davis & Strickland,
Barber & Knight, Fielder & Mundy,

Cartersville, Bartozv County.

Norris, J. T.

Chaunccy, Dodge County.

Cedartozvn, Polk County.

Harris, W. J. & Co., McAver, J. A,

Morris, J. M.

Clinton. Jones County.

Green, M. 0.

Chipley, Harris County.

Murrah, T. T.

Cairo, Thomas County.

Crawford, W. T.,

Davis, W.,

Wright, K. P.

Conyers, Rockdale County.

Almand, W. V.,

O'Kelly, T. D.,

Clarksville, Habcrsham County.

McMillen, R.

Columbus, Muscogee County.

Blackman, A. O., Blackman & Morgan, Burtz, E. D., Chappell.L. H., Colzey, E. F., Dixon, R. B.. Dowdell, L. F., Ginn, W. C, Hampton, W. T., Harris, Howard & Co.,
Hill, J. B.,

Hiott, R. W., Jubr, L. D , Latham, S. T.,
Lott, W. L., Mathews, H. W., IVIalone, W. A., McKenzie, W. W., Medley, C. R.,
Montfort, T. B. Poindexter. A. A., Powell, 8. W.,

Ranton, W. R., Rowell, A., Smaw, W. H., Smith, J. O., Smith, ,T. T., Stone, J. T., Stone, J. G., Wade, E. W., Young & "Woolfolk, Zuber, C. C.

Colquitt, Miller County.

Mathews, R. C. Pitts, F. M.

Concord, Pike County. Cornelia, Habcrsham County.

a

COMPTROLLER-GENERAL'S REPORT.

Cobb Bros., Howell, E. W.,

Cordcle, Dooly County.

McClendon, B.,

Palmer, B. H.

Cochran, Pulaski County.

Hayes, A. N., Beazley, J. A.,

Covington, Newton County. Huson, H. T.
Crazvfordville, Taliaferro County. Ficklen, B. & Son. Cullodcn, Monroe County.

Winn, E. S.
Baldwin, W. E., Bridges, J. R., Berry, X. J.,

Cuthbert, Randolph County.

Jenkins, I. T., Lanier, 0. A., McDonald, G.,

Newton, H. O, Standford & HowelL

Cumming, Forsyth County.

Patterson, J. B. Neal, John A., Prud'en, W. H. & Co.,

Dalton, Whitfield County.

Shumate, R. T.,

Thomas, J. D.

Smith, M. D. & H. L.,

Dallas, Paulding County.

Bacon, E. L.

Doerun, Colquitt County. Danville, Twiggs County.

Davisboro, Washington County.

Potter, M. S. Oopeland, E. S.,
Brooks, T. J. & Co.
Cannon, L. E., Gregory, I. W.,

Dahlonega, Lumpkin County. Crawford, H. B.

Darien, Mclntosh County.

Kennan, S.,

Space, J. A.

Dazvson, Terrell County.

Horsley, J. A., Hoyl, L. C & J. B.,

Marlin & Jones, Parks & Bell.

Decatur, DcKalb County.

Lathrop, E. S.
Baker & Griffin, Candler, M. A.,

Douglas, Coffee County.

Hall, W. E., Macky & Tanner,

Shelton, J. S. Tanner, M.

Douglasville, Douglas County.

Roberts & Hutchison. Dublin, Laurens County.

Adams, J. S.,

Burk & Rainey,

Blackshear & Williams, Burney, J. A.

Blackshear, E. J.,

Finn, J. M.,

Lord, S. J., Peacock, John A., Roberson, F. H.

COMPTROLLER-GENERAL'S REPORT.

Crawford, W. L., Herman, S. & H., Hemperley, A. R., Adams & Co.,

Donaldsonville, Decatur County. Thurman, J. W.

Eastman, Dodge County. Park, Harper & Co., Roberts & Herman.

East Point, Fulton County. Thompson, R. F., paid Jan. 2,

Willis, J. A.

Eatonton, Putnam County.

Davidson, W. T.,

Little, W. C,

Ellaville, Schlcy County.

Hays, Z. C, Heard, L. M.,
Holden, B. S.,

Elberton, FJbcrt County. Heard Bros. & Black, Smith, A. F.
Bllijay, Gilmer County. Hyatt, O. Fayetteville, Fayette County.

Forsyth, Monroe County.

Bowden, J. W.,

Rutherford & Hill. Fitzgerald, Irwin County.

Harris, J. H.,

McDonald & Seanor, Rountree & Googe,

Proctor, R. L.

Fairburn, Campbell County.

Fort Gaincs, Clay County.

Best, R. W.,

McClendon, King & Castello.

McClendon, King & Castello.

Fort Valley, Houston County.

Brown, Mrs. W. Emma, Everett, J., Culpepper, Q. B.,

Skellie, A. D.,

Fountain, A. W.
Bickers, S. P., Carlisle, B. A., Clopton, G.,

Frasicr, Pulaski County.

Gainesville, Hall County.

Dunlap & Dunlap, Kimbrough, E. E.,

Palmer, B. T., Pillow & Thompson.

Edge, G. K.

Geneva, Talbot County.

Georgetoim, Quitman County.

COMPTROLLER-GENERAL'S REPORT.

Gordon ,Wilkinson County.

Banks, N. 0., Brown, J. P., Pinks ton, W. L.,

Gordon, Wilkinson County.

Sewell & Colley,

Sewell, R. I.

Greensboro, Greene County. King, C. M.
Greenville, Meriwether County. Perkle & Jordan. Gay, Meriwether County.

Gay, H. W.

Graymont, Emanuel County.

Holden, W. R.
Bailey, D. J., Comer, W. M., Cornwall, W., Drake, R. H.,

GrMn, Spalding County.

Ferguson, Jno. F., Head, W. B., Morrison, J. T.,
Nichols, J. P.,

Smith, J. H., Torrence, B. W., White, W. A.

Hamilton, Harris County.

Williams, J. E. C,

Harlem, Columbia County.

Blanohard, L. E.
'Carson, J. M.'
Blackman, J. B., Brown, L. 0,,

Harmony Grove, Jackson County.

Little, T. C. Hartwell, Hart County.

Brown, O. C,

Hodges, J. H.

Hampton, Henry County.

Helena, Telfair County.

Glisson, S. E.,
Brantley, E., Peters, T., Jr.

Hagan, Tattnall County.

Williams & Glisson.

Hawkinsville, Pulaski County.

Parsons, B.F.,

Ragan, T. B.

Hillsboro, Jasper County.

Middlebrooks, F. G.

COMPTROLLER-GENERAL'S REPORT.

Mobley & Word.

Hogansville, Troup County. Invinville, Irwin County.

Hay & Price, Dempsey, T. J.. Mobley, H. T., Smith, H. E.,

Isabella, Worth County.

Stewart, J. B.,

Walsh, T.

Jackson, Butts County.

Etheridge, F. S.,

Mallett & Nutt..

Jefferson, Jackson County.

Thornton, J. D.,

Toole, J. E.

Jczvels, Hancock County.

Glenn, P. E.
Littlefleld, 0. F.,
Blalock, J. O.,
Allison, T. T.,
Brand, L. M., Rosser, J,, E.
Barker, E. 0., DeLamar, S. W., Gaffney & Young, Green, R. H.

Jeffersonv'dlc, Tzviggs County.

Jcsup, Wayne County. Price, P. S.

Joncsboro, Clayton County. Hutcherson, Jno. B.

Lavonia, Franklin County.

Pool, R. T.,

Ray, C. P.

Lawrenccvillc, Givinnctt County.

Hutchins, N. L.,

Winn, L. R.

LaFayette, Walker County.

LaGrange, Troup County.

Herring, W. T., Longley, F. M., Reid, E. 1!.,

Seay, B. H., Stanfleld, R. C, Wisdom, W. W.

Lexington, Oglethorpe County.

Lithonia, DeKalb County.

Phillips & Phillips.

Louisville, Jefferson County.

Lula, Hall County.

COMPTROLLER-GENERAL'S REPORT.

9"

Burtz, N. R.,

Lump kin, Stewart County.

Kendall, J. M.,

Mardre, W. L.

Lyons, Tattnall County.

Lutherville, Meriwether County.

Griffin, T. W. Ball, A. V.

Leary, Calhoun County. Macon, Bibb County.

Adams, E. C, Adams, 0. M.,

Harris, M., Harris, H. C,

Adams & Son,

Haies, J. P.,

Baldwin, Jno.

Hansiord, L. M.,

Boone & Shipps

Hipp, 0. V.,

Cabanis?,Walker&ColemanHipp, T. A

Coates, F. B.,

Holland. E. H.,

Camming, A. L.,

Home, H.,

Davis, B. L.,

Home, E. A.,

Davis, J. E.,

Jackson, J. G.,

Dixon, 0. E., Earrar & Newman,

Jessup, J- L-, Jennings, F. B.,

Furlow, H. H.,

Jones, F. B.,

Goldsmith, M. E.,

Jones, T. R.,

Griffith, W. D.,

Kaylar, J.,

Leonard, J. S., Murphey, T. E.,
Murphey, J- C,
Norris, W. M., Parham. E. J.,
Price, W. F., Peeples, O. W., Solomon, W. W.,
Sorrell, W. J., Turpin, Geo. B. & Sonsr West, F. B.,
Winship, N. R., Williams, J- N., Wilkinson, W. A.,
Yeomans, C. L.

Maysville, Jackson County.

Atkins, T.E.,

Yeargin, W. M. Madison, Morgan County.

Foster & Butler, Godfrey, J. E., Lee, Robt.

Ramsey, M. F., Thomson, W. C,

Wallice, W. P., Willif ord & Middlebrooks.

Marietta, Cobb County.

Coryell, H. G., Clarke, A. J.,

Smith. J. W., Manget & Green,

Trammell, L. N., Weaver, W. D.

Marshallville, Macon County.

Baldwin, W. P.,

Rice, W. H. Macey's, Oglethorpe County.

Brightwell, G. R.

McDonough, Henry County.

Calthey, G. N. Varner, J. H.

Low, M. C,

Low, M. C,

McRae, Telfair County.

Cook & Pharr,

McRae, M. L.

10

COMPTROLLER-GENERAL'S REPORT.

Milledgeville, Baldzvin County.

Andrews, C. H. & Son, Carrin^on. Misses CB&CSMorris, Chas. S.,

Bell, M. S.,

Conn, 0. W.,

McCraw, M. A.

Carreker, C. T.,

Hall, L. C ,

Herrington, J. N.,

Millen, Screven County. Parker, J. O.

Galloway, T. J.,

Monroe, Walton County.

Lewis, G. A.,

Walker, C.

Peterson, W. A.,

Mount Vernon, Montgomery County. Pharr, L.

Monticello, Jasper County.

Hill, Harvey & Kelly, Wellington, C. E.

Montezuma, Macon County.

Hicks & Gallaher, Heath, L. E.,

Hill, Y.,

Lewis, Jno. F. & Son,

McKenzie, J. W. & Son, Turner, C.

Clark, T. H., Clark, Z. H, Clower, E.
Hall,H. J., Peeples, J. E.
DeWar, H.
Brown & Bro.
Fisher, H. C. & Co., Harrison, P

Moultrie, Colquitt County.

Oochran, A. E. Cowart, J.,

Jack, P. C, Parker, T. H.

Nashville, Berricn County. Peeples, R. A. & Son, Powell, J. W. E.

Nelson, Pickcns County.

Newton, Baker County.

Nextmartj Coweta County.

Herring, J. R. Kinard, W. C.

Moore, R. C,

Ocilla, Irwin County.

Martin, C. H.,

Smith, W. N.

Drake, W. N.,

Pelham. Mitchell County. Hollingsworth, J. B., Twitty, W. C.

Cater, L. F., Boswell, A. J.

Perry, Houston County.

Driscoll, W. W.,

McDonald, J. E.

Pcnficld, Greene County.

COMPTROLLER-GENERAL'S REPORT.

11

Baum, M., Brantley, M. A.
Thomas, W. L. Odell, W. H.
Bond, Wilder &0o.,

Quitman, Brooks County.

Grover & Co.,

Young, H. L.

Plains, Sumter County.

Ringgold, Catoosa County.

Royston, Franklin County. Lee, J. F.

Bush, J. A. Chappell.L. P., Boseman, J. J. & Co.

Roswell, Cobb County.
Richland, Stewart County. Dixon, R. T. and R. J., Layfleld, J. C. Reidsville, Tattnall County.
Rockmart, Polk County.

Carries & Dent.

Roberta, Crawford County. Rochcllc, Wilcox County.

Rossvillc, Walker County.

Ferger, J. F. & Bro.,
Cothran & Co., Carpenter, C. E., Graves, R. W. & Co. Gray, Y. S. B., Goetchius, C. B., Jones, R. L.,
Arline, T. J., Andrews, I. V., Bennett, C. M., Jr., Brown, J. O. T., Bone, W. H., irooks, J.F., Brown, W. F., Coney & Morris, Curran, P. C, Daniel & Carswell, Dearing, W. D., Danforth, H. 0., Dickinson & Cutter, Dukes, J. S., Elliott, A. B., Farie, A. L., Footman, G. D., Haas, I. G., Hatch & Harden, .Haines, B. D.,

Faxon, R. S.,

Glover & Grady.

Rome, Floyd County.

King, C. W. &Co., Montgomery, B . F., Owens, Jno. W.,
Robinson, J. A., Shaw, B. D.,

Stevenson, A. W., Polk, L. E., Wallace, J. L.,
Wheatley, W G., Yancey, H. & Son.

Savannah, Chatham County.

Haines, Geo. S.,

Parker, S. L.,

Harrison, W. G. & R. C.Phillips, D.,

Hill, W. C,

Purse, F. L.,,

Holmes, J. P.,

Reaves, W. A.,

Herman, E. M.,

Rogers, S. H.,

Hinton, W. R.,

Rowland & Rowland

Hull. R. M., Hunt, W. G., Hilliard, Jno.,

Schley, J-, Schulhaefer, A. E., Seiler, O.,

Hilliard, I. H ,

Shellman, A. L.

Hopkins, W. T.,

Sheppard, F, B.,

Jones, J. M., Kolshorn, F.,
Lee, R. E., Little, W. R., Leggett, A. M.,
Morgan, J. H., Moses, C. F., O'Conner, E. H ,

Stark, C. M., Sturtevant, W. B., Train & Merkel, Walker, Alex, Warrish, R. J. Wilson, W. L. & Co.,
Wagner, C, Warren, J.

12

COMPTROLLER-GENERAL'S REPORT.

Sandersville, Washington County.

Averett & Holmes, Bashinsky &English,
Bashinsky & Marsh,

Holt & Harris,

Snell, C. W.,

Howard, G. H.

Snell, M.,

Lovett, B. B., Jr. & Bro.,Worthen & Irwin.

Senoia, Cowcta County.

Sharon, Taliaferro County.

McNeeley, W. A.

St. Mary's, Caindcn County.

854 Local Agents

$ 8,540 00

44 State Agents

2,200 00

Agents for last two quarters of 1902 and 1903 who do not appear

on this list

960 00

Total



11,700 00

Slicllinan, Randolph County.

Price, R. Mobley, M. L. Hall, H. J.

Smithville, Lee County.
Social Circle, Walton County. Newton, J. L. Sparks, Bcrrien County.
Springfield, Murray County.

Burnett & Shivers, Burnett, W. H.,

Sparta, Hancock County.

Burwell, W. A., Jarman, T. H.,
Wilson, R. C.

Walker, J D Wilson, J w'

Lanier, W. S. Brannon, J. E., Brannon & Moore, Bitting, N. K., Grubbs, C.

Statham, Jackson County.

Statesboro, Bulloch County.

Groover, S. C,

Lee, J. B.

Summerville, Chattooga County.

Hill, J. H.,

Rich, T. \V.

Sumncr, Worth County.

COMPTROLLER-GENERAL'S REPORT.

13

Stillman, Emanucl County.

Cowart & Smith. Hart, J. E.,

Swainsboro, Emanucl County.

Sylvania, Screven County.

Overstreet, S. J.,

Thompson, J. W.

Polhill, J. G.
DeSaigle, M.
Greely, G. M. & Co.,
Brown, A. D.,
Barrow, D. C, Bennett, A., Culpepper, J. T., Fiake, W. G..
Chatfield,R. E., Davis, A. A.,
Boyd, J. S., Callaway, G. L.,

Sylvester, Worth County.

Telfairville, Burke County.

Tallapoosa, Haralson County. Greely, G. M. & Co. Talbotton, Talbot County. Persons & McGehee, Smith, L. W.

Thomasville, Thomas County.

Hansell & Merrell, Jones, J. M., Killian, J. M.,
Mallette, E. M.,

Mallette, M. R., McLean, KT..
Smith, E. H.

Thomaston, Upson County.

Lifsey, C. S., Lester, O. T.

Ma thews, T. M.,

Thomson, McDuffie County.
Curtis & Morris, Hunt, C. V.,

McLean, A. L.

Temple, Carroll County.

Franklin, H. M. j,awshe, P. F. Jackaway, W. N. Carson & Banks, Moses, L. F.

Tcnnillc, Washington County.

Toccoa, Habcrsham County. Simpson, D. J.
Trenton, Bade County.

Tifton. Berrien County.

Price, I. H.,

Williams, G. S.

Turin, Coweta County.

14

COMPTROLLER-GENERAL'S REPORT.

Sibley, I. H.

Union Point, Greene County.

dishing & Williams, Kingsberry, S. T., Kingsberry, E. P.,

Valdosta, Lowndes County.

Lamar, Blitch & Co., Lang, W., Peeples, R. A. & Sons,
Wooten, W. R.

Richardson, B. S.r Smith, H. D.,
Willis, W. C,

Bush, Geo. L., Cobb Bros.,

Vienna, Dooly County.

Dawley, T. H., Henderson, D. L.,

Ketchum, R. P., Rushin, M. E.

Schumpert, J. E. Braswell, G. P.

Vidalia, Montgomery County. Villa Rica, Carroll County.

Battle, J. H. Dial, J. T. Barksdale, R. 0.,
Redding, C. F., Roberson, J. N. Cohen, L., Fulcher, W. M.
Arnold, L. L., Henderson, F., Jackson, A. O., Stevens, S. R.
Simons, J. O.
Camp & Rogers,

Warrenton, Warren County.

Woodstock, Cherokee County.

Wasliington, Wilkcs County.

Dyson, J. R., Smith, R. M.

Ficklen B. & Sonr

Waycross, Ware County.

Knight, A. M.,

McDowell, J. T.

Wadlcy, Jefferson County.

Waynesboro. Burke County.

Jordan, J. H. Jones, W. E.,

Palmer, F., Palmer, F. S.

West Point. Ttoup County.

Lanier, P.. Mooty, J. P.. Maddox, J. H.,

Robinson, A. L., Zenner, R.

Weston, Webster County.

Willacoochee, Coffee County.

Winder, Jackson County.

House, L. A. & Co.

Quarterman & Bondurant-

COMPTROLLER-GENERAL'S REPORT.

15-

Baker, B. T. Arline & Mayson,

Woodbury, Meriwether County.

Wrightsville, Johnson County.

Cook, W. \V.,

Mays, G. W.

Gwin.C. R. ^

Zcbulon, Pike County.

STATE AGENTS.

Anslev,Lipscomb& Jerome .Foreman, R. L. & Co.,

A mail, C. S.,

Golden, E. Z. T.,

Bagley, H. C. & Co.

Grady, W. E.,

Bland, M. H.,

Gregory, J. M.,

Boynton, S. H.,

Hay, G.,

Baker, W. B.,

Haas & Daniel,

Brown, T. B. & Son,

Haas & Co.,

Byck, M. L.,

Harty & Apple,

Cameron, J. S. & Co., Hawkins, W. E.,

Clarke, J. O,

Jackson, N. F.,

Cofield, C,

Kirkpatrick, John C,

Dodd, F.,

Lee, H.,

Dunlap, E.,

Le Craw, C. V.,

Durant, E--only local Lockridge, J. D.,

$40 refunded.

Moody, John T.,

McLendon, L., McGehee, C. C, Jr., Nutting, J. R. & Co., Northcutt & Coggings,.
Picket, John L\, Porter, B. H., Riley, J. L. & Co,, Rhodes, P. R., Rooney, E. M., Schatz, S.W., Stanton, V. L-, Terrell, W. A., Woodruff, F. L. White, W. W., Wilder,Ridleyct-Thompson.

16

COMPTROLLER-GENERAL'S REPORT.

-ETNA INSURANCE COMPANY, HARTFORD, CONN.

WILLIAM B. CLARK, President.

WILLIAM H. KING, Secretary.

Home Office, Hartford, Conn.

OLIVER H. KING, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

1. Amount of capital paid up in cash $4,000,000 00

Amount of ledger assets (as per balance)

December 31 of previous year

$10,856,146 69

Extended at

$10,856,146 69

As shown by the books at home office at close of business December 31,1902.

1. Gross premiums

Firp. Muine and Inland. $6,779,612 73 $ 433,100 91

2. Deduct reinsurance, rebate,

abatement and return pre-

miums

1,770,203 22

94,814 41

3. Total premiums(other than per-

petuals)

5,009,409 51 338,286 50$

4. Deposit premiums written on perpetual risks (gross)....

5. Interest on mortgage loans

$

636 00

6. Interest on collateral loans

47 50

7. Interest on bonds and dividends on stocks. . 510,734 57

9. Gross rents from company's property

4,346 00

5,347,696 01 7,909 25

10. Total interest and rents 11. Profit on sale or maturity of ledger assets 12. From all other sources, viz.: Profit and loss items
13. Total income

515,764 07 47,483 10
1,093 26
$ 5,919,950 69

III.--OISBTRSEMEXTS.

As shown by the books at home office at close of business December 31, 1902.

Fire. 1. Gross amount paid for losses (in-

Marine and Inland.

cluding $494,393.03 occurring

in previous years)

$2,962,149 35 $ 266,898 96

2. Deduct amount received for sal-

vage, $25,681.51, and for rein-

surance in other companies,

$492,749.74

449,651 23 68,780 02

3. Net amount paid for losses.. 2,512,498 12 198,118 94$ 4. Deposit premiums returned 5. Paid stockholders for interest or dividends (amount de-
clared during the year, including taxes, $668,000.00).. . 8. Commissions or brokerage 9. Salaries, fees and all other charges of officers, $44,333.33 ;
clerks, $68,278.40; agents and other employees, $208,-
45336

2,; 10,617 06 3,130 61
668,000 00 880.5S3 04
321,065 09

COMPTROLLER-GENERAL'S REPORT.

17

11, Repairs and expenses (other than taxes) on real estate, $523.52 ; advertising, printing andstationery, $37,724.33;

legal expenses, $15,594.08; furniture and fixtures,

$219.93; miscellaneous, $319,901.82

12. Taxes on real estate, $1,582.47; on premiums, $95,995.34")

13

All other taxes, licenses $14,511.81; municipal

and insurance department fees, licenses, $6,784.62; tax on fran-

\

chise, $397.25

j

14. Loss on sale or maturity of ledger assets

15. All other disbursements, viz.: Agents'uncollectable bal-

ances and sundry profit and loss items

373,963 68 119,271 49 11,817 61
5,398 22

16. Total disbursements

$ 5,093,846

Balance

$11,682,250 58

IV.--LEDGER ASSETS.

1. Book value of real estate, unincumbered.. .$ 188,241 74

2. Mortgage loans on real estate, first liens

12,600 00

4. Book value of bonds, excluding interest,

$6,995,910.14; and stocks, $3,170,304.16. .. . 10,166,214 30

5. Cash in company's office, $1,499.78; depos-

ited in bank, $1,285,174.14

1,286,673 92

6. Agents' debit balances, representing busi-

ness written subsequent to October 1,1902 478,959 81

7. Agents' debit balancesjrepresenting business

written prior to October 1, 1902

16,072 59

Total

12,148,762 36

Deduct ledger liabilities, viz.: Agents' et al.

credit balances

466,511 78

11. Total net ledger assets

$ 11,682,250 58

NOX-LEDGER ASSETS.

12 Interest accrued on mortgages

$

15. Interest accrued on other assets

196 00 375 00

17. Total 19. Market value of bonds and stocks over book value
20. Other non-ledger assets, viz.: Gross premiums in course of collection December 31 (subsequent to October 1) . .

571 00 2,711,166 17
629.S47 56

21. Gross assets

$ 15,023,835 31

DEDUCT^ASSETS NOT ADMITTED.

4. Agents' balances, representingbusiness writ-

ten prior to October 1, 1902

$

7. Depreciation from book value of ledger assets to bring same to market value, viz.:

Real estate

16,072 59 58,241 74

8. Total.

74,314 33

9. Total admitted assets

$ 14,949,520 98

18

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

Gross losses adjusted and unpaid

$

Gross claims for losses in process of adjust-

ment or in suspense, including all re-

ported and supposed losses

Gross claims for losses resisted

89,918 54
500,765 79 31,926 50

Total Deduct reinsurance, due or accrued.

622,610 83 75,475 41

Net amount of unpaid losses and claims

$

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, $3,248,787.93; un-

earned premiums (fifty per cent.)

1,624,393 97

Gross premiums (less reinsurance) received

and receivable upon all unexpired Are risks

running more than one year from date of

policy, $4,267,285.62; unearned premiums

(pro rata)

2,317,827 39

Gross premiums (less reinsurance) (cash and

bills) received and receivable upon all un-

expired inland navigation risks, $208,-

882.67; unearned premiums(fifty percent,) 104,441 34

547,135 42

12. Total unearned premiums as computed above 13. Amount reclaimable by the insured on perpetual fire in-
surance policies, being 95 per cent, of the premium or deposit received 20. Commissions, brokerage and other charges due or to become due to agents and brokers 21. Return premiums and reinsurance premiums

4,046,662 70
81,180 48 157,461 89 94,477 13

24. Total amount of all liabilities except capital

$ 4,926,917 62

25. Capital actually paid up in cash

$ 4,000,000 00

26. Surplus over all liabilities

6,022,603 36

27. Surplus as regards policy-holders

10,022,603 36

28. Total liabilities

$ 14,949,520 98

Business in the State of Georgia during the Year.

Fire Risks. Tornado Risks. Aggregate.

Gross risks written

$ 9,8S6,88U 00$ 1,097,800 00$ 10,9S4,686 00

Gross premiums received

159,411 55

10,901 64 170,313 19

Losses paid

82,393 30

261 08

82,654 38

Losses incurred

94,871 56

261 08

95,132 64

Amount at risk

7,654.740 00 1,203,660 00 8;858,400 00

COMPTROLLER-GENERAL'S REPORT.

19

AGRICULTURAL FIRE INSURANCE COMPANY, WATERTOWN, N.Y.

A. H. SAWYER, President.

W. H. STEVENS, Secretary.

Principal Office, 23 Washington Street.

C. C. HATCHER, Attorney for Service in Georgia.

i.--CAPITAL.
1. Whole amount of capital stock 2. A mount paid up in cash

$ 500,000 00 $ 500,000 00 500,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less the

amount of incumbrances thereon)

$ 344,505 00

2. Loans on bond and mortgage (duly recorded and being first

^^ ^

liens on the fee simple)

584,71o 0,

3. Interest due on all said bond and mortgage loans, $1,299.58;

interest accrued thereon, $8,878.13 ; total

10,177 71

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 701,253

5. Value of buildings mortgaged (insured for

$482,625 as collateral)

499,029

6. Total value of said mortgaged premises (car-

ried inside)

$1,200,282

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

11. Total amount loaned on stocks, bonds and all other se-

curities (except mortgages)

'""

12. Cash in company's principal office

* 13,834 21

13. Cash belonging to the company deposited in

bank: National Union Bank, $90,009.71; Jef-

ferson County National Bank, $40,554.17;

Watertown National Bank, $34,702.86 ; Na-

tional Banking and Loan Co., $14,466.02;

t. ot. al,

_1_7_9,_7_32 78

Total cash items 15. Interest due and accrued on stocks and bonds not in-
eluded in "market value" uncollected

16. Interest due and accrued on collateral loans and uncol-

lected and bank balances



17. Cash in hands of agents and in course of transmission. .

Reinsurance on losses already paid

Commission on unpaid reinsurance

Total assets of the company, actual cash market value$

88o,189 _5 ^
'
193,566 97
>da/ uo ^ ^
,..'' 7, 208.025 14
^^ _& 2--.--1 2,566,266 78

III.--LIABILITIES.

1. Losses due and unpaid

** 41 '904 79

2. Gross losses in process of adjustment or in sus-

pense, including all reported and supposed ^ ^ ^

losses

20

COMPTROLLER-GENERAL'S REPORT.

3. Losses resisted, including interest, costs and

other expenses thereon

12,821 32

4. Total gross amount ot claims for losses 5. Deduct reinsurance thereon

124,019 32 6,341 89

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, $902,751; unearned premiums (fifty

per cent.)

451,375 50

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than than one year

from date of policy, $1,551,303 ; unearned pre-

miums (pro rata)

822,077 91

11. Total unearned premiums as computed above (carried out) 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Commissions, brokerage and other charges due and to become due to agents and brokers Reinsurance premiums

117,677 43
1,273,453 41 47,185 0910,873 17

20. Total amount of all liabilities except capital stock, scrip

and net surplus

$ 1,449,189 10

2V. Joint stock capital actually paid up in cash

500,000 00

23. Surplus beyond capital and all other liabilities

617,077 68

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,566,266 78

IV.--INCOME 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'year's statement

$ 209,810 36

3. Net collected

209,810 36

4. Gross premiums on risks written and renewed

during the year



1,781,534 75

5. Total

1,991,345 11

6. Deduct premiums and bills in course of col-

lection at this date

208,025 14

7. Entire premiums collected during the year.. 1,783,319 97 8. Deduct reinsurance and return premiums ... 572,466 44

9. Net cash actually received for premiums (carried out) $ 1,210,853153

10. Received for interest on bonds and mortgages

37,471 82

11. Received for interest and dividends on stocks and bonds,

collateral loans and from all other sources

54,674 01

COMPTROLLER-GENERAL'S REPORT.

21

12. Income received from all other sources, omitting increase if any, in value of securities, viz.: Rents

4,592 58

15. A ggregate amount of income actually received during the

year in cash....

$ 1,307,591 94

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $98,934.70 losses occurring in pre-

vious years)

* 803,534 88

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous years), $5,712.12, and all amounts

actually received for reinsurances in other

companies, $178,565.76; total deductions.. 184,277 88

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees 8. Paid for State, national and local taxes in this and other

States 9. All other payments and expenditures,.viz.: General and

agency expenses, stationery, printing, postage, ex-

change, board taxes and maps

619,257 00 50,000 00
257,266 39 88,027 71 47,353 36
98,086 73

Aggregate amount of actual expenditures during

theyearincash

* 1,159,99119

Business in the State of Georgia during the Year
Fire, marine and inland risks written Premiums received (gross) Losses paid Losses incurred

.Fire Risks.
$ 1,622,200 27,269 10,676 12,194

AMERICAN CENTRAL FIRE INSURANCE COMPANY OF

ST. LOUIS, MO.

GEO. T. CRAM, President.

JOHN H. ADAMS, Secretary.

Principal Office, N. E. Corner Broadway and Locust. C. H. DILLINOHAM, Columbus, Ga., Attorney for Service in Georgia.

I.--CAPITAL.
1 Whole amount of capital stock 2. Amount paid up in cash

11,000,000 00 $1,000,000 00 1,000,000 00

II. -- ASSETS.

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

* 61,166 68

22

COMPTROLLER-GENERAL'S REPORT.

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$

5. Value of buildings mortgaged (insured for

$18,100 as collateral)

81,800 00 20,900 00

6. Total value of said mortgaged premises

(carried inside)

115,700 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

11. Total amount loaned on stocks, bonds and all other secu-

rities (except mortgages)

12. Cash in company's principal office

.$ 15,992 73

13. Cash-belonging to the company deposited in

bank: National Bank of Commerce, St.

Louis, $104,141.27 ; Third N. Bank, St. Louis,

$158.28; National Bank of Commerce in

New York, $9,101.22; First National Bank,

Las Vegas, N. M., $10,000.00; total

123,400 87

2,866,050 00 310.000 00-

Total cash items 17. Cash in hands of agents and in course of transmission...

139,993 60' 196,063 36

Total assets of the company, actual cash market

value

$ 3,572,673 62.

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

-other expenses thereon

42,644 51
78,775 85 21,148 15

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

142,568 51 15,458 38

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 $1,003,341.78; unearned premiums (fifty per cent.) 8. Gross premiums, without any deduction, received and receivable upon all unexpired Are risks running more than one year from date of policy, $1,018,952,97 ; unearned premiums (pro rata)

501,670 89 577,325 29

11. Total unearned premiums as computed above (carried out) 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Commissions due agent

127,110 13-
1,078,996 1829,409 50

COMPTROLLER-GENERAL'S REPORT.

2$

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

1,235,515 81 1,000,000 00 1,337,157 81

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 3,572,673 62

IV_--INCOME 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 year's statement

S 156,952 17

Netcollected

156,952 17

4. Gross premiums on risks written and renewed

during the year

1,956,107 36

Total

JJIS^YB

Deduct premiums and bills in course of col-

lection at this date

196,063 36

i. Entire premiums collected during the year. . 1,916,996 17 8. Deduct reinsurance and return premiums. . 438,261 48
9. Net cash actually received for premiums (carried out). . 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

1,478,734 69 3,005 82
123,773 91

15. Aggregate amount of income the year in cash

actually received

during $

1,605,514 42

V,--EXPENDITURES DURING THE YEAR. On Fire Risk-.
Gross amount actually paid for losses (including $107,067.65 losses occurring in pre-

vious years)

S 787,761 43

Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous years), $3,460.77, and all amounts

actually received for reinsurances in other

companies, $101,522.69; total deductions.. 104.9S3 46

Net amount paid during the year for losses Cash dividends actually paid stockholders (amount of
stockholder's dividends declared during the year)....
Paid for commissions or brokerage Paid for salaries, fees and other charges of officers, clerks,
agents, and all other emplDyees Paid for State, national and local taxes in this and other
States Ul other payments and expenditures, viz.: Rents, $5,000 ;
advertising, S804.17; postage, express, exchange and telegraphic, $14,232 08; miscellaneous, $133,789.24

682,777 97 100,000 00 2S3,13S 39
93,828 25 30,144 04
153,825 49

Aggregate of actual expenditures during the year in cash $ 1,343,511 14

24

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the
Fire, marine and inland risks written Premiums received (gross; Losses paid Losses incurred

Year. $

Fire Risks. 1,075,694 00
1S,938 71 1,786 11 2,937 54

ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA, GA.

ROBT. J. LOWRY, President.

JOEL HURT, Secretary.

Principal Office, Equitable Building.

JOEL HURT, Atlanta, Ga., Attorney for Service in Georgia.

I.--CAPITAL.

Whole amount of capital stock Amount paid up in cash

$ 200,000 00 $ 200,000 00 200,000 00

II.--ASSETS.

Market value of real estate owned by the company (less

the amount of incumbrances thereon)

Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

3. Interest due on all said bond and mortgage loans, $ ;

interest accrued thereon, $2.33 ; total

,4. Value of lands mortgaged, exclusive of build-

ings and perisbable improvements

$ 1,000 00

5. Value of buildings mortgaged (insured for

$1,500.00 as collateral)

2,000 00

66,248 00 350 05 2 33

6. Total value of said mortgaged premises (car-

ried inside)

3,000 00

9. Total par and market value of stocks and bonds owned

absolutely by the company carried out at market value.

12. Cash in company's principal office

$

126 08

13. Cash belonging to the company deposited in

bank: Lowry National

2,382 41

219,754 10

Total cash items 15. Interest due and accrued on stocks not included in ''mar-
ket value" uncollected, bonds, etc 17. Cash in hands of agents and in course of transmission
All other assets, both real and personal, viz.: rents due and accrued
Office furniture

Total assets of the company, actual cash market

value

$

2,508 49
422 65 14,077 77
333 33 3,500 00
307,196 78

III.--LIABILITIES.

2. Gross losses in process of adjustment or in sus-

pense, including all reported and supposed

losses

$

15,006 00

COMPTROLLER-GENERAL'S REPORT.

25

Losses resisted, including interest, costs and other expenses thereon

7,450 00

Total gross amount of claims for losses Deduct reinsurance thereon

22,456 00 4,004 34

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, $39,361.51; unearned premiums

(fifty per cent.)

8. Gro3s premiums, without any deduction received and receivable upon all unexpired Are

risks running more than one year from date

of policy, $53,927.66; unearned premiums

(pro rata)

v...

19,680 75 23,870 54

11. Total unearned premiums as computed above (carried out)

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

*

18,451 66
43.551 29 62,202 95 200,000 00 45,193 83 307,196 78

IV.--INCOME DURING THE YEAE. On Fire Risks.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 19.706 89

3. Net collected

19'706 89

4 Gross premiums on risks written and renewed

' during the year

_ 71,364 02

5. Total C. Deduct premiums and bills in course of collec-
tion at this date

91'07091 14'077 7?

7. Entire premiums collected during the year... 76,993 14

8. Deduct reinsurance and return premiums

18,903 44

9. Net cash actually received for premiums (carried out)

10 Received for interest on bonds and mortgages

""""

11. Received for interest and dividends on stocks and bonds, collateral loans, and from all other sources

12. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Rents

58,089 70 970 73
8,853 63
4,770 16

15. Aggregate amount of income actually received during the $
year in cash

72,684 22

26

COMPTROLLER-GENERAL'S REPORT.

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (includ-

ing $15,287.71 losses occurring in previous

years)

$ 32,736 25

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $

and all amounts act-

ually received for reinsurances in other

companies, $5,392.56; total deductions

5,392 56

3. Net amount paid during theyearfor losses

$

(!. 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.: R. E. expense,

$280.75; profit and loss, $4,869.31; postage, $249.54; ex-

press, $47.42 ; stationery, $157.45; telegrams, $42.04; ex-

changes, $43.40; advertising, $193.40; adjustment exp.,

$956.38; general exp., $2,362.16; rents, $1,416.00

27,343 698,267 57 5,460 70 3,529 81
10,617 85-

Aggregate amount of actual expenditures during the

year in cash

.$

55,219 62

Business in the State of Georgia during the Year.

Fire, marine and inland risks written Premiums received (gross) Losses paid Losses incurred

Fire Risks.
$ 2,102,977 00 37,802 58 13,405 43
17,695 98

ATLANTA-BIRMINGHAM FIRE INSURANCE COMPANY OF BIRMINGHAM, ALA.

J. T. DARGAN, President.

L. C. FLETCHER, Secretary.

Principal Office, Empire Building.

CIIAS. E. CURRIER, Attorney for Service in Georgia.

i.--CAPITAL.

1. Whole amount of capital stock (authorized)...$ 500,000 00

2. Amount paid up in cash

75,610 50

II.--ASSETS.

2. Loaris 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, $1,463.30; total

4.. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 17,550 00

17,580 00 1,463 30

COMPTROLLER-GENERAL'S REPORT.

27"

5. Value of buildings mortgaged (insured for

$ as collateral)

32,900 00

6. Total value of said mortgaged premises (carried

inside)

,

50,450 00 .

9. Total par and market value of stocks and bonds owned ab-

solutely by the company, carried out at market value. .

11. Total amount loaned on stocks and bonds and all other

securities (except mortgages)

12. Cash in company's principal office

22 19

13. Cash belonging to the company deposited in

bank

73,850 75

Total cash items 16. Interest due and accrued on collateral loans and uncollected
17. Cash in hands of agents and in course of transmission .... Unsecured loans, $112.00 ; interest, accrued thereon, if 12.55

Total assets of the company, actual cash market value! Deduct assets not admitted (unsecured loans and interest
thereon)

Total assets

$

42,370 00' 12,830 00
73,872 94 66 31
1,997 50 124J55-
150,304 60
124 55
150>180 **

III.--LIABILITIES.

7. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from date

of policy, $6,848.26; 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, $16,183.38 ; unearned premi-

3<r2i 13

ums (pro rata)

$,01'-* 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": Balance due Southern Mutual Fire Insurance Co.

11,437 103,220 67

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

",657 77 <>QW v 59,911 '8

24

A6gufg*prea&gnadt,e

amount of net. surpl,us_

all

liabilities,

including

capital

paid p $

15O'.1S0 Oo

IV.--INCOME DUBING THE YEAR.

On Fire Risks.

4. Gross premiums on risks written and renewed

during the year 8. Deduct reinsurance and return premiums

* 12^f " 178 lJ

28

COMPTROLLER-GENERAL'S REPORT.

9. Net cash actually received for premiums (carried out) $

Surplus account, $75,610.50 ; Southern Mutual Fire Insu-

rance Co. assets, $20,593.57

,

13. Received for calls on capital

15. Aggregate amount of income actually received during the

year in cash

$

V.--EXPENDITURES DURING THE YEAR.

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

,

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.:.

Premiums on bonds, $2,370.00; plus accrued interest,

$528.90

Paid Southern Mutual Fire Insurance Co

Aggregate amount of actual expenditures during the

year in cash

$

12,169 75 96,209 07 75,610 50
183,989 32
8,379 89 5,237 09
117 25 2,572 59 2,898 90 18,391 16
37,596 88

BRITISH AMERICA ASSURANCE COMPANY OF TORONTO, CANADA.

HON. GEO. A. Cox, President.

P. II. SIMS, Secretary.

Principal Office, 18 and 20 Front Street, East.

GEORGE J. DEXTER, Attorney for Service in Georgia.

II.--ASSETS.

2. Loans on bond and mortgage (duly recorded and being first

liens on the fee simple)

,

$

9. Total par and market value of stocks and bonds owned ab-

solutely by the company, carried out at market value...

13. Cash belonging to the company deposited in bank : Cana-

dian Bank of Commerce, N. Y

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

10,000 00 997,967 44 10S,009 28
12,491 54 281,397 46

Total assets of the company, actual cash market value. .$ 1,409,865 72

III---LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

19,350 32
73,936 71 7,514 89

4. Total gross amount of claims for losses 6. Net amount of unpaid losses

100,831 92

100,831 92

COMPTROLLER-GENERAL'S REPORT.

29-

7. Gross premiums without any deduction, received and receivable upon all unexpired

fire risks running one year or less from date

of policy $838,822.53; unearned premiums

(fifty per cent.)

419,411 26

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $591,229.26; unearned pre-

miums (pro rata)

313,508 82

9. Gross premiums, without any deduction (in-

cluding both cash and bills), received and

receivable upon all unexpired inland naviga-

tion and marine risks

89,449 43

11. Total unearned premiums as computed above (carriedout)

19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested,

viz.: Commissions, brokerage, etc

_

822,369 51 68,260 48

20. Total amount of all liabilities except capital stock, scrip

and net surplus



23. Surplus beyond capital and all other liabilities

991,461 91 _ 418,403 81

24. Aggregate amount of all liabilities, including capital paid up

and net surplus

1,409,865 72

IV.--INCOME DURING THE YEAR.

On Marine and On Fire Risks, inland Risk*.

1. Gross premiums and bills in course

of collection at close of last pre-

vious year, as shown by that

year's statement

$ 218,748 53 $ 36,103 7o

Net'collected



"218,748 68 36,103 75

Gross premiums on risks written

and renewed during the year. 1,507,014 77 301,107 53

Total

1,725,763 30 337,211 28

Deduct premiums and bills in course of collection at this date 245,352 94 36,044 52

7 Entire premiums collected during

' the year

1,430,410 36 301,166 6

8. Deduct reinsurance and return

premiums

csBa,oot -n



9. Net cash actually received for pre-

orloom

miums (carried out)

1,096,825 89 255,499 00

11. Received for interests and dividends on stocks and bonds, collateral loans, and from all other sources

1,352,324 S!) 30,570 24

15. Aggregate amount of income actually received during the 1,382,895 13 year in cash

30

COMPTROLLER-GENERAL'S REPORT.

V.--EXPENDITURES DURING THE YEAR.

On Marine and

On Fire Risks. Inland Risks.

1. Gross amount actually paid for

losses (including $80,036.28

losses occurring in previous

years)

$ 737,660 90$ 242,010 04

.2. Deduct all amounts actually re-

ceived for salvages (whether on

losses of the last or of pre-

vious year), $12,780.38, and all

amounts actually received for

reinsurances in other compa-

nies, $108,056.82; total deduc-

tions

78,574 57 42,262 63

3. Net amount paid during the year

forlosses

659,086 33 199,747 41$

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

858,833 74 244,976 51
66,128 49
40,467 59105,402 58

Aggregate amount of actual expenditures during the

year in cash

$ 1,315,808 91

Business in the Stale of Georgia during the Year.

Fire Risks.

Fire, marine and inland risks written

$ 1,422,818 00

Premiums received (gross)

25,177 53

Losses paid

11,910 95

Losses incurred

13,230 95

CITIZENS FIRE INSURANCE COMPANY OF ST. LOUIS, MISSOURI.

SOL. E. WAGGONER, President.

JOHN H. CARR, Secretary.

Principal Office, Century Building, St. Louis, Mo.

J. A. PERDUE, Atlanta, Ga., Attorney for Service in Georgia.

I.--CAPITA I..

1. Whole amount of capital stock 2. Amount paid up in cash

$ 200,000 00 200,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less the

amount of incumbrances thereon)

$ 4,877 00

2. Loans on bond and mortgage (duly recorded and being first

liens on the fee simple)

216,865 00

3. Interest accrued on all said bond and mortgage loans

3,282 00

COMPTROLLER-GENERAL'S REPORT.

31

4. Value of lands mortgaged, exclusive of buildings

and perishable improvements

$ 320,000 00

5. Value of buildings mortgaged (insured for

$183,850.00 as collateral)

217,500 00

6. Total value of said mortgaged premises (car-

ried inside)

537,500 00

9. Total par and market value of stocks and bonds owned absolutely by the company, carried out at market value

] 2'. Cash in company's principal office 13. Cash belonging to company deposited in bank:
MerchantsLacledeNational, $58,733.49; Third

49 93

National, $40,000; Wells-Fargo, San Fran-

cisco, $3,704.59 ; Lowry National, Atlanta, Ga,,

$310.29 ; total

102.748 37

Total cash items 15. Interest due and accrued on bonds not included in "mar-
ket value" uncollected. 17. Cash in hands of agents and in course of transmission.. .'.

181,375 00
102,793 30 1,790 00
99,813 24

Total assets of the company, actual cash market value. .$ 610,800 54

III.--LIABILITIES.

Losses adjusted and unpaid

.$ 15,003 68

Gross losses in process of adjustment or in sus-

pense, including all reported and supposed

losses

10M9691

Losses resisted, including interest, costs and

other expenses thereon

6,021 il

Total gross amount of claims for losses Deduct reinsurance thereon

125,922 36 93,857 53

Net amount of unpaid losses

$ 32,064 83

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired fire

risks running one year or less from date of

policy, $321,316; unearned premiums (fifty

percent.)

160,658 00

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired fire

risks running more than one year from date

of policy, $162,975; unearned premiums (pro

rata)

104,514 27

11. Total unearned premiums as computed above (carried out) 265,172 27

20. Total amount of all liabilities except scrip, capital stock and net surplus
21. Joint stock capital actually paid up in cash 23, Surplus beyond capital and all other liabilities

297,237 10 200,000 00 113,563 44

24,

Aggregate amount of up and net surplus

all liabilities, including

capital paid $

610,800 54

32

COMPTROLLER-GENERAL'S REPORT.

IV.--INCOME DURING THE YEAR.

On Marineand 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 year's

statement

$ 139,128 05

2. Deduct amount of same not col-

lected

19 08

3. Net collected

139,108 97

4. Gross premiums on risks written

and renewed during the year.... 1,951.807 43 $

601 69

5. Total

2,090,916 40

6. Deduct premiums and bills in course

of collection at this date

129,300 82

601 69 58 0"

7. Entire premiums collected during

the year, cash

1,961,615 58

8. Deduct reinsurance and return pre-

miums

1.536,335 31

543 65 421 17

9. Net cash actually received for pre-

miums (carried out)

425,2,80 27

122 48$ 425,402 75

10. Received for interest on bonds and mortgages

10,146 05

11. Received for interest and dividends on stocks and bonds,

collateral loans and from all other sources.

1,388 10

12. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: From stockholders. . . 50,000 00

15. Aggregate amount of income actually received during the

year in cash

$ 486,936 90

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks. 1. Gross amount actually paid for losses (including

$43,405.96 losses occurring in previous years).if 798,931 97

2. Deduct all amounts actually received for sal-

vages (whether on losses of last or of previous

year), $3,458.41, and all amounts actually re-

ceived for reinsurances in other companies,

$584,377.36; total deductions

587,835 77

3. Net amount paid during the year for losses 6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers, clerks,
agents and all other employees 8. Paid for State, national and local taxes in this and other
States 9. All other payments and expenditures, viz.: Printing and
stationery, $2,341.84; rents, $1,776.25; furniture and fixtures, $713.32; legal expense, $512.49; real estate taxes, $35.97; miscellaneous, $24,803.43; total

211,096 20 79,911 34 30,251 38 12,024 14
30,183 30

COMPTROLLER-GENERAL'S REPORT.

33

Aggregate amount of actual expenditures during the year

in cash

$ 362,668 36

Business in the State of Georgia during the Year. Fire Risks.

Fire, marine and inland risks written

$1,362,021 00

Premiums received (gross)

23,474 49

Losses paid Losses incurred

8,492 12 . 8,535 12

COMMERCIAL UNION ASSURANCE COMPANY, LTD., LONDON, ENGLAND.

A. H. WEAY, Manager. Principal Office, Cor. Pine and Williams Streets, New York.
J. HAAS, Atlanta, Ga., Attorney for Service in Georgia.

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

4 Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 115,000 00

5 Value of buildings mortgaged (insured for

$195,800 as collateral)

217,000 00

888,148 69 212,000 00
3,184 16

6 Total value of said mortgaged premises (car-

ried inside)

332,000 00

9 Total par and market value of stocks and bonds owned ab-

solutely by the company, carried out at market value.

12 Cash in company's principal office

$ 8,232 63

L3, Cash belonging to the company deposited in bank: Morton Trust Co., N. Y., $1,359.50;

National Bank of Commerce, New York,

$99,905.93; American Exchange National

Bank, N. Y., $10,024.13; Anglo-California,

San Francisco, Cal., $48,289.97; First Na-

tional, Denver, Colo., $250.49; total

159,830 02

2,140,981 25

Total cash items Interest due and accrued on stocks not included in
" market value " uncollected Cash in hands of agents and in course of transmission. .

168,062 65
1,915 25 620,381 14

Bills receivable, not matured, taken for fire, marine and
inland risks All other assets, both real and personal, viz.: Rents due
and accrued, $5,702.17 ; due from other companies for reinsurance on losses already paid : Palatine, $22.95

8>61s 01 5,725 12

Total assets of the company, actual cash market value. .$ 4,049,016 27
i! in

34

COMPTROLLER-GENERAL'S REPORT.

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$ 310,22-2 00

3- Losses resisted, including interest, costs and

other expenses thereon

37,200 00

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

347.422 00 20,825 00

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 $2,292,971.39; unearned pre-

miums (fifty percent.)

1,146,485 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, $2,120,902.04; unearned pre-

miums (pro rata)

1,118,496 05

9. Gross premiums, without any deduction (in-

cluding both cash and bills), received and

receivable upon all unexpired inland navi-

gation and marine risks, $66,824.45; un-

.

earned premiums

33,412 22

326,597 00

11. Total unearned premiums as computed above(carried out) 12. Net premiums reserve and all other liabilities, except
capital under the life insurance or any other special department, perpetual 19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Returned premiums, $9,561.40 ; reinsurances, $44,237.12; commissions, $81,133.90

2,298.393 97 103,41(5 12 134,932 42

20. Total amount of all liabilities, except capital stock, scrip,

and net surplus

2,863,339 51

23. Surplus beyond capital and all other liabilities

1,186,676 76

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 4 049,016 27

IV.--INCOME DURING THE YEAR.

, On Fire Risks. OInnlaMnadriRneiskasn.d 1. Gross premiums and bills in

course of collection at close of

last previous year, as shown by

that year's statement

$ 582,421 52$ 6,774 72

3. Net collected

582,421 52 6,774 72

4. Gross premiums on risks written

and renewed during the year . 4,034,476 39 128,465 20

COMPTROLLER-GENERAL'S REPORT.

35

5. Total

$4,616,897 91 $ 135,239 92

<5. Deduct premiums and bills in

course f collection at this date 627,859 13 6,592 68

7. Entire premiums collected dur-

ing the year

3,989,038 78

8. Deduct reinsurance and return

premiums

1,178,954 14

128,647 2-1 14,053 99

9. Net cash actually received for

premiums (carried out)

2,810,084 64 114,593 27 $ 2,924,677 91

10. Received for interest on bonds and mortgages

10,408 13

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

71,379 46

12. Income received from all other sources, omitting in-

_ crease, if any, in value of securities, viz.: Rents,

$18,512.85; deposit premiums received on perpetual risks, $1,764.72; total

20,277 57

15. Aggregate amount of income actually received during

the year in cash

$ 3,026,743 07

V.--EXPENDITURES nURING THE YEAR.

On Marine and
On Fire Risks. Inland Risks. 1. Gross amount actually paid for

losses (including $351,713.14,

losses occurring in previous

years)

$1,753,906 11 $ 102,323 62

2. Deduct all amounts actually re-

ceived for salvages (whether

on losses of the last or of pre-

vious year), $13,305.47, and all

amounts actually received for

reinsurances in other compa-

nies, $123,177.10; total deduc-

tions

119,296 05 17,186 52

3. Net amount paid during the year

for losses

1,634,610 06 85,137 10$ 1,719,747 16

6. Paid for commissions or brokerage

548,850 47

7. Paid for salaries, fees and other charges of officers,

clerks, agents, and all other employees

138,178 49

8. Paid for State, national and local taxes in this and other

States

71,824 58

i). All other payments and expenditures, viz.: Rent,

$20,492.95; miscellaneous, $126,351.62

146,844 57

Total 10. American branches of foreign companies will please re-
port amount sent to home offices during the year

2,625,445 27 288,047 12

Aggregate amount of actual expenditures during

the year in cash

$ 2,913,492 39

THE GENERAL LIBRARY

THE GENERAL LIBRARY

HE UNIVERSITY OF GEORGIA

THE UNIVERSITY OF GEORGIA STATE LIBRARY GIFT 1938

ATHENS, GEORGIA

*

36

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the Year. Fire Risks.

Fire, marine and inland risks written

$ 6,350,704 00

Premiums received (gross)

105,783 49

Losses paid

66,283 32

Losses incurred

70,448 32

CONTINENTAL FIRE INSURANCE COMPANY, OF NEW YORK.

HBNEY EVANS, President.

E. L*. BALLARD, } Secretaries-

Principal Office, 46 Cedar Street, New York.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$1,000,000 00 $1,000,000 00 1,000,000 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, $499.30; total

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 50,550 00

5. Value of buildings mortgaged (insured for

$55,200 as collateral)

57.450 00

1,105,000 00 44,S10 00 499 30

6. Total value of said mortgaged premises

(carried inside)

$ 108,000 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value 10,009,520 00

12. Cash in company's principal office

$ 3,154 87

13 Cash belonging to the company deposited in

bank : First National Bank, $547,462 24;

Central Trust Company, $203,442.31; Equi-

table Trust Company, $25,000.00; Mechan-

ics National Bank, $99.70; Brooklyn Trust

Company, $45,649.90; Franklin Trust Com-

pany, $44,025.40; First National Bank,

Brooklyn, $8,419.75; National Bankof Com-

merce, $1,658.81; U. S. Mortgage & Trust

Co., $1,804.47; Crocker-Wool worth Nation-

al Bank, $2,500.00; First National Bank,

Chicago, $39,127.49 ; total

919,190 07

Total cash items 1"). Interest due and accrued on stocks not included in "mar-
ket value" uncollected 17. Cash in hands of agents and in course of transmission. .

922,344 94
70,145 07 726,811 69

COMPTROLLER-GENERAL'S REPORT.

37

18. Bills receivable, not matured, taken for Are, marine and

inland risks

$

All other assets, both real and personal, viz.:. Rents, due

and accrued

77,180 15 1 >530 00

Total assets of the company, actual cash market

value

'

$ 12,957,841 15

III.--LIABILITIES.

2. Gross losses in process of adjustment or in suspense, including all reported and sup-

posed losses

$ 383,500 73

3. Losses resisted, including interest, costs and

other expenses thereon

57,884 00

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

441,384 73 19,584 95

6. Net amount of unpaid losses

$ 421,799 78

7. Gross premiums, without any deduction, received and receivable upon all unexpired Are risks running one year or less from date of policy, 13,387,343.96; unearned premiums (fifty per cent.)
8. Gross premiums, without any deduction, received and receivable upon all unexpired fire risks running more than one year from date of policy, $6,728,312.31; unearned premiums (pro rata)

1,693,671 98 3,626,398 70

II. Total unearned premiums as computed above (carried out)
16. Cash dividend to stockholders remaining unpaid 17. Due and accrued for salaries, rent, advertising and for
agency and other miscellaneous expenses

5,320,070 68 75 00
162,713 39

19. All other demands against the company, absolute and contingent, due and to become due, admitted and con-

tested, viz.: Contingencies

300,000 00

20. Total amount of liabilities, except capital stock, scrip, and net surplus
21. Joint stock capital actually paid up in cash 22. Scrip outstanding 23. Surplus beyond capital and all other liabilities

6,204,658 85 1,000,000 00
^34,220 32 5,718,961 98

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 12,957,841 15

IV.--INCOME DURING THE YEAR.

On Fire Risks.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 734,136 11

2. Deduct amount of same not collected

9,361 41

3. Netcollected

724,774 70

4. Gross premiums on risks written and renewed

during the year

6,448,202 93

38

COMPTROLLER-GENERAL'S REPORT.

5. Total

$7,172,977 63

6. Deduct premiums and bills in course of col-

lection at this date

803,991 84

7. Entire premiums collected during the year. 6,368,985 79 8. Deduct reinsurance and return premiums.. . 965,924 25

^9. Net cash actually received for premiums (carried out).. $ 11. Received for interests and dividends on stocks and bonds
and from all other sources 12. Income received from all other sources, omitting in-
crease, if any, in value of securities, viz.: Rents

5,403,061 54 425,549 41 21,627 02

15. Aggregate amount of income actually received during

the year in cash

$ 5,850,237 97

V.--EXPENDITURES DURING THE YEAR.

On Fire Kisks.

1. Gross amount actually paid for losses (includ-

ing $394,823.71 losses occurring in previous

years)

$2,875,562 82

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $13,382.99, and all

amounts actually received for reinsurances

in other companies, $175,856.03 ; total de-

ductions

189,239 02

3. Net amount paid during the year for losses

!

4. Cash dividends actually paid stockholder's (amount of

stockholder's dividends declared during the year)

5. Scrip or certificate of profits redeemed in cash, and in-

terest paid to scripholders

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other emp'oyees

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Advertising,

printing and stationery, $49,436.09; furniture and fix-

tures, $2,285.47; legal expenses, $1,340.79; miscella-

neous, $217,401.64 ; total

2,6S6,323 80 250,000 00 204 02
1,146,070 33 358,396 11 131,120 68
270,463 99

Aggregate amount of actual expenditures during

the year in cash

$ 4,842,578 93

Business in the State of Georgia daring the Year
Fire, marine and inland risks written. Premiums received (gross) Losses paid Losses incurred

Fire Risks. 4,999,107 00
96,214 36 31,309 59 35,117 27

COMPTROLLER-GENERAL'S REPORT.

39

CONNECTICUT FIRE INSURANCE COMPANY, HARTFORD, CONN.

J. D. BROWNE, President.

C. R. BUBT, Secretary.

Home Office, 51 Prospect St., Hartford, Conn.

J. L. RILEY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1, Amountof capital paid up in cash $1,000,000 00

Amount of ledger assets (as per balance), De-

cember 31, 1901 ...-.

$ 1,077,891 75

Extended at

$ 4,077,891 75

II.--INCOME.

As shown by the books at home office at close of business December 31,1902.

1. Gross premiums

$ 3,242,820 33

2. Deduct reinsurance, rebate, abatement and

return premiums

549,616 05

3. Total premiums (other than perpetuals) 5. Interest on mortgage loans 7. Interest on bonds and dividends on stocks 8. Interest from all other sources 9. Gross rents from company's property

$ 2,693,204 28 $ 62,066 26
99,928 56 3,078 99 5,874 50

10. Total interest and rents 11. Profit on sale or maturity of ledger assets

170,948 31 8,946 91

13. Total income

$ 2,873,099 50

III.--DISBURSEMENTS.

As shown by the books at home office at close of business December 31,1902.

Fire,

1. (jross amount paid for losses (including $234,-

847.73 occurring in previous years)

$ 1,534,730 01

2. Deduct amount received for salvage, $8,147.62; and for reinsurance in other companies,

$114,951.74

123,099 36

3. Net amount paid for losses

$ 1,411,630 65

5. Paid stockholders for interest or dividends (amount de-

clared during the year, $100,000.00)

100,000 00

8. Commissions or brokerage .. 9. Salaries, fees, and all other charges of officers, clerks,
agents and other employees
10. Rents, including $ for company's own occupancy 11. Repairs and expenses (other than taxes) on real estate. .
12. Taxes on real estate 13. All other taxes, licenses and insurance department fees.. 15. All other disbursements: Advertising, printing and sta-
tionery, $48,824.18; legal expenses, $3,815 58; furniture

552,020 / 4
174 435 43 10,607 54 2,077 80 4>294 95 85,615 83

and fixtures, $2,230.85; miscellaneous expenses, $105,29i.79 16. Depreciation of real estate (charged to profit and loss)..

160,162 40 4,714 26

17. Total disbursements

* 2,505,559 60

40

COMPTROLLER-GENERAL'S REPORT.

IV.--LEDGER ASSETS.

1. Book value of real estate, unincumbered

$ 146,950 00

2. Mortgage loans on real estate, first liens

1,345,950 00

4. Book value of bonds, excluding interest, $2,199,050.36; and

stocks, $358,303.72

2,557,354 08

5. Cash in company's office, $265.04; cash deposited in banks,

viz.: National Exchange Bank, Hartford, $227,209.88;

Continental National Bank, Chicago, $44,535.00; Anglo-

California Bank, San Francisco, $10,156.00

282,165 92

6. Agents'balances representing business written subsequent

to October 1, 1902

97.3S2 03

7. Agents' balances representing business written prior to

October 1, 1902

4,332 43

9. Bills receivable, taken for fire risks

11,297 19

11. Total ledger assets

$ 4,445,431 65

V.--LIABILITIES.

1. Gross losses adjusted and unpaid, not yet due.$ 56,561 36

2. Gross claims for losses in process of adjustment, or in suspense, including all reported

and supposed losses

166,595 54

3. Gross claims for losses resisted

29,380 48

4. Total 5. Deduct reinsurance due or accrued

252,537 38 21,566 91

6. Total amount of unpaid losses and claims

$

7. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire risks,

running one year or less from date of pol-

icy, including interest premiums on per-

petual fire risks, $1,717,022.01; unearned

. premiums (fifty per cent.)

858,511 00

8. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire risks,

running more than one year from date of

policy, $2,680,394.59; unearned premiums

(pro rata)

1,442,674 61

230,970 47

12. Total unearned premiums as computed above

2,301,185 61

24. Total amount of all liabilities except capital

2,532,15(i 08

25. Capital actually paid up in cash

$ 1,000,000 00

26. Surplus over all liabilities

1,202,635 75

27. Surplus as regards policy-holders

2,202,635 75

28. Total

$ 4,734,791 83

Business in Georgia during 1902.

Risks written

,

Premiums received

Losses paid

Losses incurred

Fire. $ 1,058,700 00
16,939 33 5,172 27 11,148 27

COMPTROLLER-GENERAL'S REPORT.

41

FIRE ASSOCIATION OF PHILADELPHIA, PA.

E. C. IRVIN, President.

M. G. GARRIGUES, Secretary.

Principal Office, 407 and 409 Walnut Street.

W. E. CHAPIN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$500,000 00 500,000 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,

$9,737.44 ; interest accrued thereon, $16,520.37 ; total. .

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$1,483,502 00

5. Value of buildings mortgaged (insured

for $1,270,450.00 as collateral)

2,033,199 00

443,457 50 1,358,506 99
26,257 81

6. Total value of said mortgaged premises (car-

ried inside)

3,516,701 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value 11 Total amount loaned on stocks and bonds and all other
securities (except mortgages) 12. Cash in company's principal office 13. Cash belonging to the company deposited in bank: Fidel-
ity Trust Co., $96,925.00; Merchants National Bank, $75,849.13; Girard National Bank, $49,827.70 ; total 15. Interest due and accrued on stocks not included in
" market 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, $3,014.90; due from other companies for reinsurance on losses already paid, $15,589.46

3,109,625 25 216,825 00 13,427 55
221,941 83 30,253 05 617 53 724,645 52
18,604 36

6,164,163 39

Amount which should be deducted from above assets, companies own stock and Miami Valley Insurance Co.

stock

_1

13,340 00

Total assets of the company, actual cash market

value

$ 6,150,823 39

III.--LIABILITIES.

1. Losses due and unpaid

* 172,157 24

42

COMPTROLLER-GENERAL'S REPORT.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$ 124,457 31

3. Losses resisted, including interest, costs and

other expenses thereon

44,836 83

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

341,751 38 28,540 51

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, $2,470,926.26; unearned pre-

miums (fifty per cent)

$1,235,463 13

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $2,606,163.16 ; unearned pre-

miums (pro rata)

1,365,447 96

313,210 87

11. Total unearned premiums as computed above (carried out) 12. Net premiums reserve and all other liabilities, except
capital under the life insurance or any other special department 19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commissions, etc., due and to become due to agents on premiums paid in course of collection....

2,600,911 09 1,S69,765 98
192,005 68

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.

4,975,893 62 500,000 00 674,929 77

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 6,150,823 39

IV--INCOME 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 year's statement

$ 888,240 92

3. Net collected

888,240 92

4. Gross premiums on risks written and re-

newed during the year

4,706,061 60

5. Total

5,594,302 52

6. Deduct premiums and bills in course of col-

lection at this date

724,645 52

7. Entire premiums collected during the year . 4,809,657 00 8. Deduct reinsurance and return premiums. .. 1,427,301 31

9. Net cash actually received for premiums (carried out) . $ 3,442,353 69

COMPTROLLER-GENERAL'S REPORT.

43

10. Received for interest on bonds and mortgages

I

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, $31,208:28; profit on sale of assets, $47,126.99; miscella-

neous, $9,413.97; total

Deposit premiums not included above



76,753 93 141,756 02
87,749 24 63,757 25

15. Aggregate amount of income actually received during

the year in cash

$ 3,812,370 13

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (inclu-

ding $333,500.12, losses occurring in previ-

ous years)

$2,404,352 87

2. Deduct all amounts actually received for

salvages, (whether on losses of the last or

of previous year), $12,512.40, and all

amounts actually received for reinsurances

in other companies, $286,020.30; total de-

ductions

298,532 76

3. Net amount paid during the year for losses

$ 2,105,820 11

4. Cash dividends actually paid stockholder's (amount of stockholder's dividends declared during the year)....

200,000 00

5. Scrip or certificates of profits redeemed in cash, $ ;

and interest paid

" 2,433 51

6. Paid for commissions or brokerage

674,020 72

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

325,384 94

8. Paid for State, national and local taxes in this and other

States

_

9. All other payments and expenditures, viz.: Repairs to

real estate Advertising, printing and stationery, $23,694.83; miscella-

neous, $30,180.92; total Deposit premiums returned on perpetual Are risks

92,702 18
7,610 36
53,875 75 102,092 47

Aggregate amount of actual expenditures during

the year in cash

$ 3,563,940 04

Business in the State of Georgia during the Year

Fire, marine and inland risks written

Premiums received (gross)

Losses paid

'

Losses incurred

4,234,146 00 78,229 71 30,930 04 29,866 69

44

COMPTROLLER-GENERAL'S REPORT.

FIREMAN'S FUND FIRE INSURANCE COMPANY OF SAN FRANCISCO, CALIFORNIA.

WM. J. DUTTON, President.

Louis WEIXMAXN, Secretary.

Principal Office, San Francisco, Cal.

E. S. WILSON, Macon, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 1,000,000 00 $ 1,000,000 0O $ 1,000,000 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, $416.60;

interest accrued thereon, $628.58; total..

s

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 516,500 00

5. Value of buildings mortgaged (insured for

$100,550.00 as collateral)

218,500 00

525,500 00245,167 31
1,045 18

6. Total value of said mortgaged premises (car-

ried inside)

735,000 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried outat market value

11. Total amount loaned on stocks, bonds and all other secu-

. ritie's (except mortgages)

Total cash items

16. Interest due and accrued on collateral loans and uncol-

lected and on bank deposits

17. Cash in hands of agents and in course of transmission...

18. Bills receivable, not matured, taken on fire, marine and

inland risks

All other assets, both real and personal, viz.: Rents due

and accrued

3,067,97'J 50
281,500 00 335 545 47
1,852 22 657,381 90
65)541 6g
20.974 37

Total assets of the company, actual cash market

value

$ 5,202,587 (10

III.--LIABILITIES.

1. Losses due and unpaid $ ; not due

$ 34,709 71

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

236,396 63

3. Losses resisted, including interest, costs and

other expenses thereon

21,175 00

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

292,281 34 99,790 11

6. Net amount of unpaid losses

$

192,491 23

COMPTROLLER-GENERAL'S REPORT.

45

7. Gross premiums without any deduction, received and receivable upon all unexpired

fire risks running one year or less from

date of policy, $1,838,414.64; unearned pre-

miums (fifty per cent)

$ 919,207 32

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,839,110.57 ; unearned pre-

miums (pro rata)

1,029,378 04

Gross premiums, without any deduction (in-

cluding both cash and bills), received and

receivable upon all unexpired time hull

risks,.$200,509.27; unearned premiums (fifty

percent.)

100,284 63

10. Gross premiums, without any deduction, received and receivable on all unexpired ma-

rine risks

32>284 19

11. Total unearned premiums as computed above (carried out) $ 2,081,154 18 19. All other demands against the company, ab-
solute and contingent, due and to become

due, admitted and contested

$ 72,493 95

Special deposits Other liabilities

36,7U 83 18'981 59

128,220 37

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

2,401,865 78
1,000,000 00 1,800,721 82

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

* 5,202,587 60

1V.--INCOME DURING THE YEAR.
On Marine and On Fire Risks. Inland Risks. Gross premiums and bills in course of collection at close of last previous year.as shown by that year's statement.. ,.$497,203 25$ 151,296 50

Net collected

497>20: 25

Gross premiums on risks writ-

ten and renewed during the

year

3,764,215 13

151,296 50 1,049,745 48

Total

..4,261,418 38

Deduct premiums and bills in

course of collection at this

date

_547!S82_33

Entire premiums collected dur-

ingthe year

3,714,036 05

1,201,041 1)8 175,541 22
1,025,500 76

46

COMPTROLLER-GENERAL'S REPORT.

8. Deduct reinsurance and return

premiums

$1,103,93" 27 $ 583,439 20

9. Net cash actually received for

premiums (carried out) 2,610,098 78 442,061 66 $ 3,052,160 44

10. Received for interest on bonds and mortgages

19,251 97

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

149,723 34

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents

29,686 21

15. Aggregate amount of income during the year in cash $ 3,250,821 96

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for

losses (including $289,195.11

losses occuring in previous

years)

$1,602,921 72

2. Deduct all amounts actually

received for salvages (wheth-

er on losses of the last or of

previous year), $49,948.08 and

all amounts actually received

for reinsurances in other

companies, $613,554.54; total

deductions

310,651 03

Marine and Inland Risks.
$ 650,424 63
352,551 59

3. Net amount paid during the

year for losses

1,292,270 69 297,873 04

$ 1,590,143 73

4. Cash dividends actually paid stockholder's (amount of

stockholders' dividends declared during the year)

120,000 00

6. Paid for commissions and brokerage

481,281 55

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

69,383 49

9. All other payments and expenditures

203,430 49

Aggregate amount of actual expenditures during

the year in cash

$ 2,722,378 58

Business in the State of Georgia during the Year.

Marine and Fire Risks. Inland Risks. Aggregate.

Fire, marine and inland risks written $5,646,278 00 $1,938,803 00$7,585,081 00

Premiums received (gross)

107,446 21 10,110 20 117,556 41

Losses paid

78,429 58 5,980 23 84,409 81

Losses incurred

85,047 88 9,313 83 94,36171

"

COMPTROLLER-GENERAL'S REPORT.

47

GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS, GA.

RHODES BROWNE, President.

WM. C. COAET, Secretary.

Principal Office, 1148-50 Broad Street.

W. P. PATTILLO, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 300,000 00 $ 300,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less the

amount of incumbrances thereon)

$ 178,608 34

2. Loans on bond and mortgage (duly recorded and being first

liens on the fee simple)

.'

69,166 41

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 85,800 00

5. Value of buildings mortgaged (insured for

$70,725 as collateral)

90,500 00

6. Total value of said mortgaged premises (car-

ried inside)

176,300 00

7. Amount of other loans

9. Total par and market value of stocks and bonds owned absolutely by the company, carried out at market value

11. Total amount loaned on stocks, bonds and all other se-

curities (except mortgages)

13. Cash belonging to the company deposited in bank: Na-

tional Bank of Columbus, Ga., $46,220.76; Mercantile

National Bank, New York, $1,079.80; total

14. Amount of premium notes upon which policies have been

issued 17. Cash in hands of agents and in course of transmission...

All other assets, both real and personal, viz.: Due from

other companies for reinsurance on losses already paid :

National, $19.74; Piedmont, $67.22; Colonial, $470.17..

Cothran property, life insurance account and other ledger

assets

71,268 13 549,540 19
71,268 13
47,300 56 715 57
65,156 86
557 13 3-366 89

Total assets of the company, actual cash market value -- $ 985,680 08

III.--LIABILITIES.

2. Gross losses in process of adjustment or in suspense, including all reported and supposed losses
3. Losses resisted, including interest, costs and other expenses thereon
4. Total-gross amount of claims for losses 5. Deduct reinsurance thereon
6. Net amount of unpaid losses

31,682 53
5,389 98 37,072 61
7,819 6 *

29,253 45

48

COMPTROLLER-GENERAL'S REPORT.

7. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired fire

risks running one year or less from date of

policy, $235,469.77; unearned premiums

(fifty per cent.)

$ 117,734 88

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than than one year

from date of policy, $246,069.09; unearned

premiums (pro rata)

129,927 72

11. Total unearned premiums as computed above (carried out) i 15. Dividends declared and remaining unpaid or uncalled for 18. Amount of borrowed money
19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Due reinsurance companies premiums.
Deposits due and uncalled for, old savings bank department

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

|

247,662 60 257 00
45,000 00
333 22
4,007 85
325 514 12 300,000 00 359,165 96
985,680 08

IV.--INCOME DURING THE YEAR.

,1. G,, ross premi.ums and,,b.il,l,s.in course of collec- 0n Fire Risks.

tion at close of last previous year, as shown

by that year's statement

$ 56,767 81

3. Deduct amount of same not collected

715 57

3. Net collected

56 052 24

4. Gross premiums on risks written and renewed

during the year

485,086 25

5- Total

541,138 49

6. Deduct premiums and bills in course of col-

lection at this date

56,052 24

7. Entire premiums collected during the year.. 485,086 25 8. Deduct reinsurance and return premiums .. . 171,458 64

9. Net cash actually received for premiums (carried out) $ 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

Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Rents

...

15. Aggregate amount of income actually received during the

year in cash

$

313,627 61 11,261 05 22,780 60 8,686 55
356,305 81

COMPTROLLER-GENERAL'S REPORT.

49

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks. 1. Gross amount actually paid for losses (in-

cluding $21,723.57 losses occurring in pre-

vious years)

$ 203,149 42

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $

, and all amounts

actually received for reinsurances in other

companies, $

; total deductions

47,837 87

3. Net amount paid during the year for losses

$

-4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year) 6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

8. Paid for State, national and local taxes in this and other

States 9. All other payments and expenditures, viz.: Advertising,

stationery, and legal expenses

Aggregate amount of actual expenditures during

the year in cash

$

155,311 55 30,000 00 48,645 68 62,048 25 12,632 06 6,752 10
315,389 64

Business in the State of Georgia during the Year.
Fire, marine and inland risks written Premiums received (gross) Losses paid Losses incurred

Fire Risks. 4,387,342 00
59,833 92 47,218 57 45,500 92

GERMAN FIRE INSURANCE COMPANY OF FREEPORT, ILL.

C. O. COLLMAN, President.

WM. TREMBOR, Secretary.

Principal Office, 9-11-13 N. Galena Avenue.

C. M. JEROME, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 500,000 00 $ 200,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$ 97,163 25

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

2,054,309 96

3. Interest due on all said bond and mortgage loans, $4,-

796.65; interest accrued thereon, $51,150.23; total

55,946 88

4 in

50

COMPTROLLER-GENERAL'S REPORT.

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

4,177,200 00

5. Value of buildings mortgaged (insured for

$568,215.00 as collateral)

1,920,550 00

6. Total value of said mortgaged premises

(carried inside)

6,097,750 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

$ 1,393,424 01

11. Total amount loaned on stocks, bonds and all other secu-

rities (except mortgages)

7,700 00

12. Cash in company's principal office

$ 6,254 36

13. Cash belonging to the company deposited in

bank: German Bank, Freeport, 111., $203,-

616.74; State Bank, Freeport, 111., $65,-

570.16; First National, Freeport, 111., $74,-

079.17

343,266 07

Total cash items 15. Interest due and accrued on stocks and bonds not in-
cluded in ''market value" uncollected 16. Interest due and accrued on collateral loans and uncol-
lected 17. Oash in hands of agents and in course of transmission... 18. Bills receivable, not matured, taken for Are, marine and
inland risks

349,520 43
17,778 16
151 96403,195 59
50,170 10'

Total assets of the company, actual cash market

value

$ 4,429,360 34

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

82,457 63
64,778 67 16,300 00

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

163,536 30 11,867 87

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 $1,561,289.78; unearned

premiums (fifty per cent.)

$ 780,644 89

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $3,463,138.28 ; unearned pre-

miums (pro rata)

1,892,975 21

151,668 43

BHHmMI

COMPTROLLER-GENERAL'S REPORT.

51

11. Total unearned premiums as computed above (carried out)$ 2,673,620 10

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions and brokerage, 185,315.10;

reserve retained for Munich Reinsurance Company,

$64,846.58; total

150.161 68

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

2,975,450 21

21. Joint stock capital actually paid up in cash

200,000 00

23. Surplus beyond capital and all other liabilities

1,253,910 13

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 4,429,360 34

IV.--INCOME 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 year's statement

* 444,083 99

2. Deduct amount of same not collected

4,897 87

3. Net collected

'

439,186 12

4. Gross premiums on risks written and renewed

during the year

3,539,336 71

5. Total

3,978,522 83

6. Deduct premiums and bills in course of col-.

lection at this date

485,461 58

7. Entire premiums collected during the year.. 3,493,061 25 8. Deduct reinsurance and return premiums.. . 835,904 59

9. Net cash actually received for premiums (carried out). .$ 2,657,156 66

10. Received for interest on bonds and mortgages

92,555 69

11. Received for interest and dividends on stocks and bonds,

collateral loans, and from all other sources

59,621 39

12. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Rents, $2,413.12;

worthless notes, $960.48; profit on sale of ledger assets

during the year over book value, $898.64 ; total

4,272 24

15. Aggregate amount of income actually received during

the year in cash

$ 2,813,605 98

V.--EXPENDITURES DURING THE YEAR.

On Fire Kisk^.
1. Gross amount actually paid for losses (including $169,557.17 losses occurring in pre-

vious years)

$1,530,339 99

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous years), $4,142.98, and all amounts

actually received for reinsurances in other

companies, $158,827.85; total deductions.. 162,970 83

52

COMPTROLLER-GENERAL'S REPORT.

3. Net amount paid during the year for losses

.$ 1,367,369 16

4. Cash dividends actually paid stockholders (amount of

stockholder's dividends declared during the year)

40,000 00

6. Paid for commissions or brokerage

671,500 89

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees, including field and

adjusting expenses



156,355 88

8. Paid for State, national and local taxes in this and other

States

62,341 13

9. All other payments and expenditures, viz.: Printing and

stationery, freight, postage, repairs, miscellaneous

112,043 96

Premiums paid on bonds, depreciation on home office

building, and Freeport general electric bonds, $27,-

706.25; stock of Western Underwriters Association,

inc., brought down to par value, $128,700; total

156,406 25

Aggregate amount of actual expenditures during

the year in cash

$ 2,566,017 27

Business in the State of Georgia during the
Fire, marine and inland risks written Premiums received (gross; Losses paid Losses incurred

Year. $

Fire Risks. 1,827,914 00
21 133 41 3t*558 13 15 061 76

GERMAN-AMERICAN FIRE INSURANCE COMPANY OF NEW YORK, N. Y.

WILLIAM Y. KBEMER, President.

CHARLES G. SMITH, Secretary.

Principal Office, 58 Liberty Street.

W. L. REYNOLDS, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.
1. Whole amount of capital stock

$1,000,000 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 accrued on all said bond and mortgage loans

4. Value of lands mortgaged, exclusive of buildings

and perishable improvements

$ 8,000 00

5. Value of buildings mortgaged

14,000 00

15,000 00
13 000 00 173 00

6. Total value of said mortgaged premises (car-

ried inside)

2,000 00

9. Total par and market value of stocks and bonds owned abso-

lutely by the company, carried out at market value

8,667,826 00

COMPTROLLER-GENERAL'S REPORT.

53

12. Cash in company's principal office

$ 20,580 20

13. Cash belonging to company deposited in bank:

National Bank of Commerce of New York,

$252,946.10; German American Bank of New

York, $22,599.64; National City Bank of New

York, $9,310.38; Merchants Trust Co. of New

York, $10,204.53; New York Security & Trust

Co. of New York, $321,841.10; Corn Exchange

National Bank of Chicago, $32,595.43; Anglo-

California Bank Limited of San Francisco,

$3,782.57 ; Germania Trust Co. of San Fran-

cisco, $1,617.15 ; American National Bank of

San Francisco, $8,136.18; Union Trust Co.,

San Francisco, $1,398.12 ; total

'... 664,431 20

Total cash items

$ 685,011 40

15. Interest due and accrued on stocks not included in "mar-

ket value" uncollected

31,015 40

16. Interest due and accrued on bank balances

7,657 58

17. Cash in hands of agents and in course of transmission

899,493 38

Total assets of the company, actual cash market value .$10,319,176 76

III.--LIABILITIES.

1. Losses due and unpaid

$ 69,363 00

2. Gross losses in process of adjustment or in sus-

pense, including all reported and supposed

losses

431,90300

3. Losses resisted, including interest, costs and

other expenses thereon

94,230 00

Total gross amount of claims for losses 5. Deduct reinsurance thereon.

595,496 00 52,253 32

6. Net amount of unpaid losses

$ 513,242 68

7. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired fire

risks running one year or less from date of

policy, $3,131,353.46; unearned premiums

(fifty per cent.)...

1,565,676 73

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired fire

risks running more than one year from date

of policy, $3,941,759.18; unearned premiums

(prorata)

2,149,549 01

11. Total unearned premiums as computed above (carried out) 3,715,225 74

17. Due and accrued for salaries, rent, advertising, and for

agency and other miscellaneous expenses

4,098 34

19. All other demands against the company, absolute and con-

tingent, due and to become due, admitted and contested,

viz.: Commissions, $197,097.86; return premiums and re-

surance premiums, $193,631.26 ; total

390,729 12

54

COMPTROLLER-GENERAL'S REPORT.

20. Total amount of all liabilities except scrip, capital stock

and net surplus

$4,623,295 88

21. Joint stock capital actually paid up in cash

1,000,000 00

23. Surplus beyond capital and all other liabilities

4,695,880 88

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$10,319,176 76

IV.--INCOME DURING THE YEAR.

0 Gross

premiums

, and

, , bills

in

course

of

On collection

Fire

Risks.

at close of last previous year, as shown by

that year's statement

$ 751,794 57

Net collected

751,794 57

Gross premiums on risks written and renewed

during the year

7,046,328 15

Total

7,798,122 72

Deduct premiums and bills in course of collec-

tion at this date

911 720 26

Entire premiums collected during the year Deduct reinsurance and return premiums

6.8S6.402 46 2,538,563 26

9. Net cash actually received for premiums (carried out) $4,347,839 20

10. Received for interest on bonds and mortgages

520 00

11. Received for interest and dividends on stocks and bonds,

collateral loans and from all other sources

346,090 37

12. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Rents

4,386 75

15. Aggregate amount of income actually received during the

year in cash

$4,698,836 32

V.--EXPENDITURES DURING TIIE YEAR.

1. Gross amount actually paid for losses (including

$464,815.17 losses occurring in previous years).$2,727,487 48 2. Deduct all amounts actually received for sal-

vages (whether on losses of last or of previous

year), $9,199.63, and all amounts actually re-

ceived for reinsurances in other companies,

$639,108.96; total deductions

648,308 59

3. Net amount paid during the year for losses

$2,079,178 89

4. Cash dividends actually paid stockholders (amount of stock-

holders' dividends declared during the year)

300,000 00

6. Paid for commissions or brokerage

775 412 OQ

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

213 111 74

8. Paid for State, national and local taxes in this and other

States

109,704 93

COMPTROLLER-GENERAL'S REPORT.

55

t9. All other payments and expenditures, viz.: Advertising,

stationery, printing, traveling expenses, furniture and

fixtures, rent, etc

$ 374,086 55

Aggregate amount of actual expenditures during the

year in cash

$3,851,494 31

Business in the State of Georgia during the Year. Fire Risks.

Fire, marine and inland risks written
Premiums received (gross) .-,
LLoosssseess pinacidurr.e-dI

^tl'm 89
,,' " , 37,210 65 . 30,383 65

'GERMANIA FIRE INSURANCE COMPANY OF NEW YORK, N. Y.

_ ., , HUGO SCHUMANN, President.

OHAS. RUYKHAVEK, GUSTAV KEHB,

) )

Secretaries.

Principal Office, 62-64 Williams Street. S. C. WILLIAMS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock :2. Amount paid up in cash

--$1,000,000 00 .$1,000,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less the

amount of incumbrances thereon)

* w>'.<w ?'

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 and inter-

' ^ ^

est accrued thereon

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 220,500 00

.5. Value of buildings mortgaged (insured for $341,-

500.00 as collateral)

379'500 00

6. Total value of said mortgaged premises (carried

insi dj e)

.... 600,00,0 ,00

9. Total par and market value of stocks and bonds owned ab-

solutely by the company, carried out at market value... 4,016,203 00

12. Cash in company's principal office



13 Cash belonging to the company deposited in bank: National

Park Bank, New York, $28,389.58; German American

Bank, New York, $128,864.95; Colonial Trust Co. Bank,

New York, $10,178.35; Trust Co. of America, New York,

$10,309.50; Washington Trust Co., New York, $10,333.56;

First National Bank, Chicago, $53,240.88; total

24i,316 8-

17. Cash in hands of agents and in course of transmission

3.0,648

56

COMPTROLLER-GENERAL'S REPORT.

All other assets, both real and personal, viz.: Rents due

and accrued, $2,484.13; cash in hands of department man-

agers, $25,574.67

$ 28 05g 80

Total assets of the company, actual cash market value .$5,643,477 70

III.--LIABILITIES.

Lossesdue and unpaid

$

Gross losses in process of adjustment or in sus-

pense, including all reported and supposed

losses

Losses resisted, including interest, costs and

other expenses thereon

65)938 68
79,559 29 15 590 00

Total gross amount of claims for losses Deduct reinsurance thereon

161,087 97 37 434 33

Net amount of unpaid losses

* ^3 653 14

Gross premiums without any deduction, re-

ceived and receivable upon all unexpired fire

risks running one year or less from date of

policy, $1,007,551.99; unearned premiums

(fifty per cent.)

$ 533,776 00

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired fire

risks running more than one year from date

of policy, $2,614,776.60; unearned premiums

(pro rata)

1,403324 83

11. Total unearned premiums as computed above (carried out) 1,927,600 83 19. All other demands against the company, absolute and con-

tingent, due and to become due, admitted and contested,

viz.: Unpaid commissions

49 34Q Q3

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

' 9,100,594 0O 1,000,000 00 2,'542,'883 70

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$5,643,477 70-

IV.--INCOME DURING THE YEAR.

On Fire Risks.

Entire premiums collected during the year .. $2,411,292 91

Deduct reinsurance and return premiums

586,925 42

Net cash actually received for premiums (carried out). .. .$1,824,367 49

10. Received for interest on bonds and mortgages

18159 54

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

162 895 15

12. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Profit and loss account

items

15,57972

15. Aggregate amount of income actually received during the~

year in cash

$2,021,001 90

COMPTROLLER-GENERAL'S REPORT.

57

V.--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (includ-

ing $98,176.35 losses occurring in previous

years)

$1,141,470 34

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of pre-

vious year), $2,458.58; and all amounts actu-

ally received for reinsurance in other compa-

nies, $180,510.00; total deductions

182,968 58

3. Net amount paid during the year for losses

$ 958,501 7ft

4. Cash dividends actually paid stockholders (amount of stock-

holders' dividends declared during the year)

160,000 00

6. Paid for commissions or brokerage

376,072 45

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

145,968 94

8. Paid for State, national and local taxes in this and other

States

46>383 13

9. All other payments and expenditures, viz.: Advertising,

agency and office expenses, board expenses, fire patrol,

postage, printing, stationery, surveys, legal and travel-

ing expenses

95,120 41

Aggregate amount of actual expenditures during the

year in cash

$1,782,046 60

Business in the State of Georgia during the Year. Fire Eiska.

Fire, marine and inland risks written

$2,079,153 00-

Premiums received (gross) Losses paid

29,252 29 7>739 72

Losses incurred

10,215 44

THE GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS, N. Y.

J. L. CUNNINGHAM, President.

R. A. LITTLE, Secretary.

Principal Office, Cor. Glen and Bay.

O. F. Simpson, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 200,000 00' $ 200,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$ 104,405 43

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

1,079,591 33

3. Interest due on all said bond and mortgage loans, $1,748.04 ; interest accrued thereon, $889.75 ; total

2,637 79>

58

COMPTROLLER-GENERAL'S REPORT.

Total par and market value of stocks and bonds owned

absolutely by the company carried out at market value $ 2,084,160 00

11. Total amount loaned on stocks, bonds, and all other secu-

rities (except mortgages)

4,000 00

12. Cash in company's principal office

$ 1,421 43

13. Cash belonging to the company deposited in

bank

414,966 09

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

416,387 52
7,312 06 146,824 74
150 00

Total Contingent depreciation on mortgage loans

3,845,468 87 20,000 00

Total assets of the compauy, actual cash market

value

$ 3,825,468 87

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

-3. Losses resisted, including interest, costs and

other expenses thereon

15,983 52
39,761 00 16,677 00

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

72,42152 12,438 15

6. Net amount of unpaid losses

$

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are risks runniugoneyearorlessfrom date

of policy, 590,763.18: unearned premiums

(fifty per cent.)

$ 295,381 59

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

dateof policy, $1,627,035.04; unearned pre-

miums (pro rata)

876,679 96

59,983 37

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 contested, viz.: Commissions and brokerage and other charges due and to become due to agents and brokers,
on premiums paid and in course of collection

1,172,061 55 18,000 00
22,530 21

COMPTROLLER-GENERAL'S REPORT.

59

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

$ 1,272,575 13

21. Joint stock capital actually paid up in cash

200,000 00

23. Surplus beyond capital and all other liabilities

2,352,893 74

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 3,825,468 87

IV.--INCOME DURING THE YEAR.

Gross premiums on risks written anda re- On Fire Risks.

newed during the year

$1,525,027 55

Deduct reinsurance and return premiums... 367,329 59

9. Net cash actually received for premiums (carried out;. J 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
Premiums on risks written prior to October 1, 1901

1,157,697 96 59,574 83
112,394 79
4,709 87 ' 1,650 35

.15.

Aggregate amount the year in cash

of

income acually received

during $

1,336,027 80

V.--EXPENDITURES DURING THE YEAR.

Fire Risks

Gross amount actually paid for losses (inclu-

ding $52,654.88 losses occurring in previous

yearg)

$ 582,395 58

Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $1,086.50, and all amounts

actually received for reinsurances in other companies, $82,847.03; total deductions. .. 83,933 53

Net amount paid during the year for losses

$

Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

Paid for commissions or brokerage Paid for salaries, fees and other chargesof officers, clerks

agents, and all other employees Paid for State, national and local taxes in this and other

States

_

All other payments and expenditures, viz.: Stationery,

traveling, advertising, etc

_

498,462 05 60,000 00 244,794 16 68,795 51 56,201 35 74,913 00

Aggregate amount of actual expenditures during

. the year in cash

$ 1,003,166 07

Business in the State of Georgia during the Year

Fire Risks.

Fire, marine and inland risks written Premiums received (gross)
Losses paid Losses incurred

52,668,495 00 36,508 73 6,169 46 6,375 85

60

COMPTROLLER-GENERAL'S REPORT.

GREENWICH FIRE INSURANCE COMPANY OF NEW YORK CITY, N. Y.

MASON A. STONE, President. $fTM* ADS/' \ Assistant Secretaries.
Principal Office, 6 Pine Street. HENKY S. JACKSON, Attorney for Service in Georgia.

i.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 200,000 00 $200,000 00

It.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value..' 12. Cash in company's principal office

$ 1,621,535 0 $ 21,064 12

13. Cash belonging to the company deposited

in bank : National Broadway Bank, New

York, $47,613.68; Merchants Exchange

National Bank, New York City, $58,211.30 ;

total

105,854 98

Total cash items
15. Interest due and accrued on stocks not included in "market value" uncollected
17. Cash in hands of agents and in course of transmission.. 18. Bills receivable, not matured, taken for fire, marine and
inland risks All other assets, both real and personal, viz.: Due from
other companies for reinsurance on losses already paid. Commissions on unpaid return premiums, $7,963.42; on
unpaid reinsurance, $7,045.92

jog 9]9 10, 2,400 00
397,198 98 8 681 19
9,143 21 15,009 34

Total assets of the company, actual cash market
value

Less item 17 more than three months due $ 6,304 04

Less bills payable

:

33 25

2,180,886 82 6,340 29

III.--LIABILITIES.

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

$
234,321 02 30,592 00

2,174,546 53

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

264,913 02 40,176 05

6. Net amount of unpaid losses

$ 224 736 97

COMPTROLLER-GENERAL'S REPORT.

61

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are risks running one year or less from date

of policy, $1,175,872.65 ; unearned premi-

ums (fifty per cent.)

8 587,936 32

S. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,466,598.69; unearned

premiums (pro rata)

777,161 17

9. Gross premiums, without any deduction (in-

cluding both cash and bills), received and

receivable upon all unexpired inland nav-

igation and marine risks, $103,099.94

51,549 97

11. Total unearned premiums as computed above (carried

out)

$ 1,416,647 46

17. Due and accrued for salaries, rent, advertising and for

agency and other miscellaneous expenses

5,000 00

19. All other demands against the company, absolute and contingent, due and to become due, admitted and con-

tested, viz.: Unpaid commissions on uncollected
premiums Unpaid return premiums, $46,253.32; reinsurance
premiums, $30,188.86

66,000 00 76,442 18

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

1,788,826 61 200,000 00 185,719 92

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,174,546 53

IV.--INCOME DURING THE YEAR.

On Fire Risks. On Marine and

Inland Risks.

1. Gross premiums and bills in

course of collection at close of

last previous year, as shown by

that year's statement

$ 302,156 86 $ 8,838 65

3. Net collected

302,156 86

4. Gross premiums on risks writ-

ten and renewed during the

year

2,305,133 15

8,838 65 202,022 21

5. Total 6. Deduct premiums and bills iu
course of collection at this
date

2^290~0r 370,156 87

210,860 86 27,042 11

7. Entire premiums collected during the year
8. Deduct reinsurance and return premiums

2,237,133 14 183,818 75 JX3J^_JS+20J7_

62

COMPTROLLER-GENERAL'S REPORT.

t

9. Net cash actually received for

premiums (carried out)

1,673,344 92 165,697 98 $ 1,839,042 90

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

51 095 23

12. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Rente, $2,625.00 ;'

profit on sale of assets, $222,500.00; total

' 225,125 00

Commissions on reinsurance, $74,808.38; commissions

on return premiums, $46,743.57 ; total

121,55195

15. Aggregate amount of income actually received during '

the year in cash

$ 2,236,815 08

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks. On Marine and Inland Risks.
1. Gross amount actually paid for

losses (including $228,650.32

losses occurring in previous

years)

$1,127,361 48 $141,561 54

2. Deduct all amounts actually re-

ceived for salvages (whether

on losses of the last or of pre-

vious year), $28,436.54; and

all amounts actually received

for reinsurances in other

companies, $164,943.65; total

deductions

168,406 92 24,973 27

3. Net amount paid during the

'

year for losses

$ 958,954 56 $116,588 27 $ 1,075,542 83

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year).... 20,000 00

6. Paid for commissions or brokerage

448 147 "9

7. Paid for salaries, fees and other charges of officers,

clerks, agents, and all other employees

.' 145 "60 66

8. Paid for State, national and local taxes in this and other

~

States, $34,407.02; and insurance department fees,

$9,354.88; and licenses, $3,887.92; total

.' 47 649 82

9. All other payments and expenditures, viz.: Interest on

loans, $856.56; local boards, $23,401.40; maps, $1,858 10-

telegrams, $3,092.67 ; express, $2,220.98 ; traveling ex-

penses, $23,706 57 ; postage, $13,535.06; stationery and

supplies, $22,054.08; rents, $15,527.46; miscellaneous

expenses, $75,791.22; total

184 420 68

Aggregate amount of actual expenditures during

the year in cash

\t 1,921,021 28

Business in the State of Georgia during the Year.

Fire, marine and inland risks written

Premiums received (gross)

Losses paid

'"

Losses incurred

'.

$ o 37*7 373*00

"' 45^57 58 ^

'

^ ^

COMPTROLLER-GENERAL'S REPORT.

63-

THE HAMBURG-BREMEN FIRE INSURANCE COMPANY OF HAMBURG, GERMANY.

A. HAMMACHER, President.

S. V. DORKIEN, Managing Director.

Principal Office, No. 4 Heuberg, Hamburg, Germany.

W. F. PATTILLO, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash 3. Amounts in notes of the stockholders

$ 1,750,000 00 $ 525,000 00 1,225,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned absolutely by the company carried out at market value $ 1,489,075 00-

11. Total amount loaned on stocks and bonds and all other securities (except mortgages^
13 Cash belonging to the company deposited in bank: Bank of America, New York City
17. Cash in hands of agents and in course of transmission..

40>000 00
55,309 11 149,001 79

Total assets of the company, actual cash market

value

* 1,733,385 90

III .--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posedlosses 3. Losses resisted, including interest, costs and

other expenses thereon

8>175 00
91.490 00 12,150 00

4. Total gross amount of claims for losse 5. Deduct reinsurance thereon....:

s. 111,815 00 2'150 00

6. Net amount of unpaid losses

$

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexplred

fire risks running one year or less from

date of policy, 1,202,257.01; unearned pre-

miums (fifty per cent.)

$ 601,128 51

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,126,309.87; unearned pre-

miums (pro rata)

606,627 59

11. Total unearned premiums as computed above (carried

out)

i



i"\\ A

19 All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested viz.: Commissions and brokerage

109,66a 00
^^ ^ '
4-,'"id

4

COMPTROLLER-GENERAL'S REPORT.

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

$ 1,359,634 54

23. Surplus beyond capital and all other liabilities

373,751 36

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,733,385 90

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in course of collec-

tion at close of last previous year, as shown Oa Fire Riaks.

by that year's statement

129,756 48

3. Net collected

129 756 48

4. Gross premiums on risks written aud renewed

during the year

1,934,499 76

5- Total

2,064,256 24

6. Deduct premiums and bills in course of col-

lection at this date

149 001 79

7. Entire premiums collected during the year.. 1,915,254 45 8. Deduct reinsurance and return premiums .. 363,366 04

9. Net cash actually received for premiums (carried out).... $ 1,551,888 41

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

.' 52 148 72

15. Aggregate amount of income actually received during""

the year in cash

$ lmfi37 13

V.--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (includ-

ing $70,326.39 losses occurring in previous On Fire RiS'[s

, 2.

D-njed;euacrtfSa),,ll

: amounts actually

received

for

* sal-

930,774 75

'

vages (whether on losses of the last or of

previous year), $4,221.33, and all amounts

actually received for reinsurances in other

companies, $36,822.02 ; total deductions.... 41,043 35

3. Net amount paid during the year for losses

.$

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

..'

'

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Rent, advertising, board and patrol expenses, postage, printing,

stationery, sundries, traveling expenses, etc

.'

889 731 40 298' 213 03 122 819 15 36421 29
96,501 04

Aggregate amount of actual expenditures during"-

theyearincash

, 1,443,685 91

litli

COMPTROLLER-GENERAL'S REPORT.

65

Business in the State of Georgia during the Year.

Fire Risks.

Tire, marine and inland risks written

$1,197,818 00

Premiums received (gross;

23,607 83

Losses paid

11,099 81

Losses incurred

9,379 81

HANOVER FIRE INSURANCE COMPANY OP NEW YORK, N. Y.

CHAS. A. SHAW, President.

JOB. MOCOHD, Secretary.

Principal Office, 34 Pine Street, New York City.

F. A. MCCARROLL, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amountof capital stock 2. Amount paid up in cash

-...% 1,000,000 00 $ 1,000,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbranees 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

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements. . .$ 2,500 00

-5 Value of buildings mortgaged (insured for

$3,500.00 as collateral)

5,000 00

450,000 00 3,500 00 14 58

6. Total value of said mortgaged premises (car-

ried inside)

7,500 00

&. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

11. Total amount loaned on stocks, bonds and all other

securities (except mortgages)

12. Cash in company's principal office

$ 19,731 01

13. Cash belonging to the company deposited in

bank : Bank of America, $70,859 18; Ger-

man American Bank, $21,983.88; Central

Trust Co., $216,521.21; Guarantee Trust

and Safe Deposit Co. of Philadelphia,

$200,00; total

309,564 27

2,537,812 62 500 00

Total cash items , 35. Interest due and accrued on stocks not included in
" market value " uncollected 17. Cash in hands of agents and in course of transmission,
$441,251.04 ; less over three months, $7,186.90

329,295 28 16,981 00
434,064 14

Sin

66

COMPTROLLER-GENERAL'S REPORT.

All other assets, both real and personal, viz. : Rents due

and accrued, $1,605.84; due from other companies for

reinsurance on losses already paid, $21,393.89

$

22,999 73

Total assets of the company, actual cash market

value

$ 3,795,167 35

III.--LIABILITIES.

1. Losses adjusted and not due

$ 103,135 32

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

187,795 96

3. Losses resisted, including interest, costs and

other expenses thereon

44,388 30

4. Total gross amountof claims for losses 6. Deduct reinsurance thereon

335,319 58 57,030 62

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, $1,737,788.82; unearned pre-

miums (fifty per cent.)

$ 868,894 41

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than one year

from date of policy, $1,606,213-88; unearned

premiums (pro rata)

868,194 97

Excess of original premiums over premiums

received for reinsuring nine other compa-

nies, $3,644.24 ; pro rata

1,056 86

278,288 96

11. Total unearned premiums ascomputed above (carried out)$ 1,738,146 24

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions due agents

90,140 17

Return premiums, $3,374.92; reinsurance, $38,564.51 ... 41^939 43

20. Total amount of all liabilities, except capital stock, scrip,

and net surplus

2,148,514 80

21. Joint stock capital actually paid up in cash 23. Surplus beyond capital and all other liabilities

] ,000,000 00 646,652 55

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 3,795,167 35

IV.--INCOME DURING THE YEAR.

On Fire Ritks. 1. Gross premiums and bills in course of collec-

tion at close of last previous year, as shown

by thatyear's statement

$ 394,235 24

2. Deduct amount of same not collected

10,779 78

COMPTROLLER-GENERAL'S REPORT.

67

3. Net collected

$ 383,455 46

4. Gross premiums on risks written and renewed

during the year

3,243,035 67

5. Total

5,626,491 13

6. Deduct premiums and bills in course of col-

lection at this date

441,251 04

7. Entire premiums collected during the year. 3,185,240 09 8. Deduct reinsurance and return premiums. .. 943,206 59

9. Net cash actually received for premiums (carried out). .$ 2,242,033 50

10. Received for interest on bonds and mortgages

175 00*

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

86,225 89

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents,

$27,522.58; other interest, 56,035.46 ; profit sale securi-

ties, $76,827.43; total

110,385 47

15. Aggregate amount of income actually received during

the year in cash

$ 2,438,819 86

V.-- EXPENDITURES DURING THE YEAR.

On Fire Risks.
1. Gross amount actually paid for losses (in-

cluding $247,667.81 losses occurring in pre-

vious years)

$1,396,072 92

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $8,177.78; and all

amounts actually received for reinsurances

in other companies, $278,2^9.64 ; total de-

ductions

286,407 42

3. Net amount paid during the year for losses

$ 1,109,665 50

4. Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year)

80,000 00

6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers, clerks,
agents, and all other employees 8. Paid for State, national and local taxes in this and other

439,528 27 153,244 02

States 9. All other payments and expenditures, viz : Rents,
$15,854.00; advertising, printing and stationery, $17,561.02 ; legal, $501.89 ; office furniture, etc., $563.84; other expenditures, $135,375.60; total

60,609 43 169,856 35

Aggregate amount of actual expenditures during

the year in cash

$ 2,012,903 57

Business in the State of Georgia during the Year.

Fire Risks

Fire, marine and inland risks written

$ 1,561,525 00

Premiums received (gross)
Losses paid Losses incurred



32,898 75

19-68(4 TM

17,819 90

COMPTROLLER-GENERAL'S REPORT.

HARTFORD FIRE INSURANCE COMPANY OF HARTFORD, CONN.

GEORGE L. CHASE, President.

P. C. ROYCE, Secretary.

Home Office, 53 Trumbull St, Hartford, Conn.

THOS. EGLESTON, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Amount of capital paid up in

cash

$1,250,000 00

Amount of ledger assets (as per balance)

December 31, of previous year

$10,260,241 82

Extended at

$10,260,241 82

II.--INCOME.

On Fire Risks.

1. Gross premiums

$12,010,856 93

2. Deduct reinsurance, rebate, abatement

and return premiums

2,389,387 89

8. Total premiums (other than perpetuals)

5. Interest on mortgage loans

$

6. Interest on collateral loans

7. Interest on bonds and dividends on stocks.

8. Interest from all other sources

9. Gross rents from company's property . . .

$9,621,469 04 39,456 76
240 00 324,414 93
3,136 57 16,958 47

10. Total interest and rents 11. Profit on sale or maturity of ledger assets 12. From all other sources (agency balances)

384,206 73 22,158 24
425 20

Total income

$10,028,259 21

III.--DISBURSEMENTS.

On Fire Risks.

1. Gross amount paid for losses (including $1,-

037,075.65 occurring in previous years). .$5,857,867 07

2. Deduct amount received for reinsurance, in

other companies

391,182 46

3. Net amount paid for losses

$

5. Paid stockholders for interest or dividends (amount

declared during the year)

8. Commissions or brokerage

9. Salaries, fees, and all other charges of officers, clerks,

agents and other employees.

12. Taxes on real estate

13. All other taxes, licenses and insurance department fees..

14. Loss on sale or maturity of ledger assets

15. All other disbursements (agency balances marked off) . .

Paid reinsuring companies under treaty

General expense

5,466,684 61
400,000 00 1,692,993 75
719,185 38 8,150 50
264,228 69 62,323 75 3,404 85 22,517 87 612,152 58

10. Total disbursements

$9,251,642 04

COMPTROLLER-GENERAL'S REPORT.

69

IV.--LEDGER ASSETS.

1. Book value of real estate

$ 902,940 77

2. Mortgage loans on real estate

781,869 00

3. Loans secured by pledge of bonds, stocks or

other collaterals

4,800 00

4. Book value of bonds, excluding interest,

$6,341,544.65, and stocks, $1,242,757.33. . . . 7,584,301 98

5. Cash in company's office, $37,586.66; depos-

ited in bank, $778,361.56

815,948 22

6. Agents' balances representing business writ-

ten subsequent to October 1, 1902

922,823 87

10. Other ledger assets, viz.: printing plant . . . 24,175 45

11. Total ledger assets

$11,036,858 99

NON-LEDGER ASSETS.

12. Interest due, $2,779.85, and accrued, $7,679.54,

on mortgages

$

14. Interest due, $

, and accrued, $48.01, on

collateral loans

16. Rents due, $

, and accrued $1,710.94, on

company's property or lease

10,459 39 48 01
1,710 94

17. Total 18. Market value of real estate over book value 19. Market value of bonds and stocks over book value . . . 20. Other non-ledger assets, viz.: Gross uncollected pre-
miums, December 31st, not more than three months due, not debited to authorized agents Reinsurance due on losses paid

12,218 34 47,559 23 1,269,610 19
1,066,919 00 10,597 49

21. Gross assets

13,443,763 24

DEDUCT ASSETS NOT ADMITTED.

7. Depreciation from book value of ledger assets to bring same to market value, viz.: Printing plant

202 87

9. Total admitted assets

$ 13,443,560 37

V.--LIABILITIES.

1. Gross losses adjusted and unpaid

$ 207,763 21

2. Gross claims for losses in process of adjust-

ment, or iu suspense, including all re-

ported and supposed losses

506,493 16

3. Gross claims for losses resisted

113,549 03

6. Net amount of unpaid losses and claims

$ 827,805 40

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 prem-

iums on perpetual fire risks, $7,183,969.08;

unearned premiums (fifty per cent.) . . $3,591,984 54

70

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums (less reinsurance) re-

ceived and receivable upon all unexpired

fire ;risks, running more than one year

from date of policy, $8,193,824.37; un-

earned premiums (pro rata)

4,169,362 19

11. Excess of original premiums over amount re-

ceived for reinsurance, $102,988.43; un-

earned premiums (pro rata)

51,494 21

12. Total unearned premiums as computed above

$ 7,812,840 94

20. Commissions, brokerage and other charges due or to be-

come due to agents and brokers

136,032 30

21. Return premiums

235,728 00

24. Total amount of all liabilities except capital

9,012,406 64

25. Capital actually paid up in cash

$1,250,000 00

26. Surplus over all liabilities

3,181,153 73

27. Surplus as regards policy-holders

4,431,153 73

28. Total liabilities

$13,443,560 37

Business in the State of Georgia during the Year.

Risks written

Fire Risks.
$ 9,761,369 00

Premiums received

195,719 55

Losses paid

102,174 19

Losses incurred

96,836 34

THE HOME FIRE INSURANCE COMPANY OF NEW YORK, N. Y.

JOHN H. WASHBUEN, President.

A y

^

CHENEY

} Secretaries-

Principal Office, 119 Broadway.

JOHN W. PEARCE, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$3,000,000 00 $3,000,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrauces 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, $165.75;

interest accrued thereon, $2,152.25; total

4. Value of lands mortgaged, exclusive of buildings and

perishable improvements

$ 156,750 00

5. Value of buildings mortgaged (insured for

$112,950 as collateral)

126,400 00

1,593,892 06 112,750 00 2,318 00

COMPTROLLER-GENERAL'S REPORT.

71

6. Total value of said mortgaged premises (car-

ried inside)

$ 283,150 00

9. Total par and market value of stocks and bonds owned absolutely by the company, carried out at market value $13,434,230 00

13. Cash belonging so the company deposited in bank . . . 972,574 33 15. Interest due and accrued on stocks not included in ' 'mar-

ket value" uncollected

6,997 79

17. Cash in hands of agents and in course of transmission . 985,872 94

Total assets of the company, actual cash market value $17,108,635 12

III.--LIABILITIES.

Losses due and unpaid

$ 110,740 38

Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

1,123,686 96

Losses resisted, including interest, costs and

other expenses thereon

75,132 50

Total gross amount of claims for losses. . . 1,303,559 84

Deduct reinsurance thereon

552,445 36

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, $4,616,013.00 ; unearned pre-

miums (fifty per cent.)

$2,308,007 00

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $6,397,100.00; unearned pre-

miums (pro rata)

3,435,902 00

Gross premiums, without any deduction (in-

cluding both cash and bills), received and

receivable upon all unexpired inland navi-

gation and marine risks, $296,859.00 . . . 148,430 00

10. Gross premiums, without any deduction, received and receivable on all unexpired

marine risks

94,534 00

757,112 48

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

5-986-873 75,000 00
853'608 95

20. Total amount of all liabilities, except capital stock, scrip andnetsurplus
21. Joint stock capital actually paid up iu cash 23. Surplus beyond capital and all other liabilities

7,672,596 43 3-*JTM"TM 6,436,033 W

72

COMPTROLLER-GENERAL'S REPORT.

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 17,108,635 12:

Amount of unearned premiums represented by installment notes, being the whole

amount of such notes

$1,056,719 30

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in On Fire Risks. Oa Marine and

course of collection at close of

inland Risks.

last previous year, as shown by

that year's statement .... $647,196 10 $138,772 85

Net collected

647,196 10 138,772 85

Gross premiums on risks written

and renewed during the year . 10,628,215 27 556,997 26

Total

11,275,411 37

Deduct premiums and bills in

course of collection at this date 851,720 61

Entire premiums collected during

the year

10,423,690 76

Deduct reinsurance and return

premiums

3,591,576 52

695,770 11 142,655 32 553,114 79 290,359 91

9. Net cash actually received for

premiums (carried out) . . . 6,832,114 24 262,754 88 $ 7,094,869 12' 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,

466,097 67

if any, in value of securities, viz.: Rents

167,274 63-

15. Aggregate amount of income actually received during

the year in cash

$ 7,728 241 42:

V.--EXPENDITURES DURING THE YEAR.

Gross amount actually paid for Ou Fire Risks. On Marine and

losses (including $1,102,690.46,

Inland Risks,

losses occurring in previous

vears)

$4,779,340 15 $367,074 86

Deduct all amounts actually re-

ceived for salvages (whether

on losses of the last or of pre-

vious year), $33,122.71, and all

amounts actually received for

reinsurances in other compa-

nies, $1,625,668 59; total deduc-

tions

1,465,575 04 193,216 26

Net amount paid during the year

for losses

3,313,765 11 173,858 60 $ 3,487,623 71

Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year) . . 420,000 00'

Paid for commissions or brokerage

, . 1 184 506 44

COMPTROLLER-GENERAL'S REPORT.

73

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

$

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Rents, $58,-

192.33; repairs, 533,585.03 ; tax on real estate, $20,975 65;

bond premiums charged to profit and loss to bring book

value to par, $109,058.09; agency balance, $887.42; ex-

penses on real estate heretofore to profit and loss,619.65;

reduction in book value real estate, $40,000.00; miscel-

laneous, $439,334.09; total

434,493 34 158,580 11
702,652 26

Aggregate amount of actual expenditures during

the year in cash

$ 6,387,855 86

VI.--MISCELLANEOUS.

Risks and premiums.

Fire Risks. Prems. Thereon. Marine and

Prems.

Inland Risks. Theie^n.

1. In force on the 31st

day of December,

1901

$1,172,837,268 $11,031,807 00 $19,138,816 $518,958 00

2. Written or renewed

during 1

1,046,614,153 10,628,215 27 65,283,683 556,997 26

3. Total

2,219,451,421

4. Deduct those ex-

pired and marked

off as terminated

in 1

925,503,952

21,660,022 27 8,588,522 27

84,422,499 1,075,955 26-

_

,,,,,, ,,,,

65,409,045 557,932 26

5. In force at end of the year 1902. . . 1,293,947,469
6. Deduct the amount reinsured in other companies .... 217,877,329

13,071,500 00 2,058,387 00

19,013,454 5,096,584

518,023 00 126,630 00-

7. Net amount in force 1,076,070,140 11,013,113 00 13,916,870 391,393 0a
t

Business in the State of Georgia during the Year.
Fire Risks.

Fire, marine and inland risks written

$14,816,178 00

Premiums received (gross)

187,555 24

Losses paid Losses incurred

97,342 58

74

COMPTROLLER-GENERAL'S REPORT.

INSURANCE COMPANY OF NORTH AMERICA OF PHILADELPHIA, PA.

<*AB P.ATT, President.

$ffi*J%B*g } Secretaries.

E. S. GAY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in cash, $3,000,000

Amount of ledger assets (as per balance) De-

cember 31, of previous year

$9,359,011 84

Extended at

$ 9,359,011 84

ii. -INCOME.

Fire.

1. Gross premiums

$6,293,041 37

2. Deduct reinsurance, rebate,

abatement 'and return pre-

miums

1,421,974 51

Marine and Inland.
$2,185,365 21
316,745 43

3. Total premiums (other than

perpetuals)

4,871,066 86 1,838,619 78 $ 6,709,686 64

4. Deposit premiums written on perpetual risks (gross)

23,267 63

5. Interest on mortgage loans

$ 70,948 42

6. Interest on collateral loans

9,527 07

7. Interest on bonds and dividends on stocks . 230,273 51

8. Interest from all other sources

17,849 25

9. Gross rents from company's property, in-

cluding $11,00000 for company's own

occupancy

42,644 44

10. Total interest and rents 11. Profit on sale or maturity of ledger assets . . 12. From all other sources, viz.: Perpetual permits, transfer
fees and earned deposits Dividends from bad debts previously charged off, etc . . Premiums outstanding January 1,1902

371,242 69 3,245 79
1,846 89 4,428 53 302,000 00

13. Total income

$ 7,415,718 17

III.--DISBURSEMENTS.

Fire.

Marine and

Inland.

1. Gross amount paid for losses . $3,144,063 54 $1,365,852 20

2. Deduct amount received for sal-

vage, $193,959.89; and for

reinsurance in other compa-

nies, '$469,682.89

315,645 99 347,996 79

3. Net amount paid for losses 2,828,417 55 1,017,855 41 $ 3,846,272 96

4. Deposit premiums returned

.......

22,713 23

COMPTROLLER-GENERAL'S REPORT.

75

h. Paid stockholders for interest or dividends (amount de-

clared during the year, $360,000.00)

$

8. Commissions or brokerage

9. Salaries, fees and all other charges of officers, clerks,

agents and other employees

10. Rents, including $11,000.00 for company's own occupancy.

11. Repairs and expenses (other than taxes) on real estate .

12. Taxes on real estate

13. All other taxes, licenses and insurance department fees.

14. Loss on sale or maturity of ledger assets

15. All other disbursements, viz.: Advertising, printing

and stationery

Legal expenses

Miscellaneous

Reduction in book value of sundry investments ....

Bad debts charged off

359,940 00 1,312,634 64
394,212 24 32,391 22 15,344 60 10,943 78 148,435 22
4,092 19
39,636 15 9,078 33 197,583 52 53,514 42 1.291 88

16. Total disbursements

$ 6,448,084 38

IV.--LEDGER ASSETS.

1. Book value of real estate, unincumbered

$

2. Mortgage loans on real estate, first liens, $1,127,617.29 ;

other than first, $3,380.00

S. Loans secured by pledge of bonds, stocks or other col-

laterals 4. Book value of bonds, excluding interest, $5,105,989 32 ;

stocks, $317,450.00 5. Cash in company's office, $ 0 307.69 ; deposited in bank :

Philadelphia National Bank, Philadelphia, $316,842.27; Girard National Band, Philadelphia, $200,000 00; Bank of North America, Philadelphia, $17,635.75; Fidelity

Trust Company, Philadelphia, $218,000.00; Drexel &

Co., Philadelphia, $10,000.00; First National Bank,

Erie, Pa., $20,979.43 ; Merchants National Bmk, NewYork City, $21,361.83 ; Bank of Montreal, Montreal, Canada, $31,790.02; Bank of Montreal, St. John, N. B.,

$13,533.31; Bank of Montreal, Halifax, N. S., $17,876.17;

Brown, Shipley & Co., London, England, $150,712,48 ;

London and Westminster Bank, London, England,

$62,727.62; Bank of Liverpool, Liverpool, England,

$34,458.43; Wiener Bank-Verein, Vienna, Austria, $20,367.16; Banque de Credit Commerciale, Antwerp,

Belgium, $10,820.78; total

6. Agents' balances representing business written sub-

sequent to October 1, 1903 7 Agents' balances representing business written prior to

' October 1,1902

8. Bills receivable, not matured, taken for marine and in-

land risks



725,500 00 1,130,997 29
825>9U0 00 5,423,439 32
1,157,412 94 986,582 44 33'900 U 38'059 10

76

COMPTROLLER-GENERAL'S REPORT.

10. Other ledger assets, viz.: Book accounts due company Reinsurance claims on losses paid (marine)

4,263 86 590 57

11. Total ledger assets

10,326,645 63

NON-LEDGER ASSETS.

12. Interest due, $2,734.03, and accrued, $4,893.27, on mort-

gages

$

19. Market value of bonds and stocks over book value . . .

7,627 30 368,310 68

21. Gross assets

10,702,583 61

DEDUCT ASSETS NOT ADMITTED.

1. Company's stock owned, $

; loans on

$4,500.00

$

4. Agents' balances, representing business writ-

ten prior to October 1, 1902

4,500 00 33,900 11

8. Total

,

38,400 11

9. Total admitted assets

$10,664,183 50-

V.--LIABILITIES.

Gross losses adj usted and unpaid, due and to become due.$
Gross claims for losses in process of adjustment, or in suspense, including all reported and supposed losses
Gross claims for losses resisted.

Fire.

Marine and Inland.

118,669 27

225,161 70 $ 433,100 00 49,718 03

4. Total

$ 393,549 00 $ 433,100 00

5. Deduct reinsurance due or ac-

crued, $19,549.00; salvage

claims, $69,100.00

19,549 00 69,100 00

6. Net amount of unpaid losses

and claims

.$ 374,000 00 $ 364,000 00 $

7. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire

risks, running one year or less from date

of policy, $3,277,977.35 ; unearned prerni-

miums (fifty per cent.)

$ 1,638,988 68

8. Gross premiums received and receivable

upon all unexpired fire risks, running

more than one year from date of policy,

$3,99S,499.29; unearned premiums (pro

rata)

2,098,433 23

738,000 00

COMPTROLLER-GENERAL'S REPORT.

77

<). Gross premiums (cash and bills) received

and receivable upon all unexpired in-

land navigation risks, $

; unearn-

ed premiums (100 per cent.)

10. Gross premiums (cash and bills) received

and receivable upon all unexpired ma-

rine risks, $

; unearned premiums

(100 per cent.)

j $

362,119 00

12. Total unearned premiums as computed above

$ 4,099,540 91

13. Amount reclaimable by the insured on perpetual fire in-

surance policies, being 90 and 95 per cent, of the pre-

mium or deposit received
18. Cash dividends remaining unpaid to stockholders .... 19. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,
due or accrued

769,411 19 60 00
46,546 88

20. Commissions, brokerage and other charges due or to be-

come due to agents and brokers

21. Return premiums, $

; reinsurance premiums . .

40,000 00 20,435 58

24. Total amount of all liabilities except capital

25. Capital actually paid up in cash ..,...$ 3,000,000 00

26. Surplus over all liabilities

1,950,188 94

27. Surplus as regards policy-holders

5,713,994 50 4,950,188 94

28. Total liabilities

* 10,664,183 50

Business in the State of Georgia during the Year.

On Marine and On Fire Risks. Inland Risks.

Aggregate.

Risks written

$ 7,894,928 00 $16,176,743 00 $ 24,071,671 00

Premiums received ....... 164,560 49 62,246 29

226,806 78

Losses paid Losses incurred ........

69,815 27 81,910 44

11,963 97 13,000 00

81,779 24 94,910 44

LIVERPOOL & LONDON & GLOBE INSURANCE COMPANY OF LIVERPOOL, ENGLAND.
B. H. ABRAMS, Atlanta, Attorney for Service in Georgia.

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$ 1,865,833 00

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

2,861,750 00

3. Interest due on all said bond and mortgage loans, $867.50;

interest accrued thereon, $32,764.64; total

33,632 14

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements .... $ 26,949 50

5. Value of buildings mortgaged

27,136 53

78

COMPTROLLER-GENERAL'S REPORT.

9. Total par aud market value of stocks and bonds owned

absolutely by the company, carried out at market value $ 3,632,838 75-

12. Cash in company's principal office

6,737 45

13. Total cash belonging to the company deposited in bank 1,480,804 54

16. Interest due and accrued on collateral loans and uncol-

leeted

188 90

17. Premiums in course of collection

1,336,636 86

All other assets, both real and personal, viz.: Rents due

and accrued, $10,000; P.P. premiums due, $2,744.40;

miscellaneous, $865.27

13,609 67

Less agent's credit balances

11,232,031 31 27,317 04

Total assets of the company, actual cash market

value

$ 11,204,714 27"

III.--LIABILITIES.

1. Losses due and unpaid

$ 4,022 79

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

731,686 34

3. Losses resisted, including interest, costs and

other expenses thereon

49,690 00

4. Total gross amount of claims for losses . .. . 785,399 13

5. Deduct reinsurance thereon

161,261 58

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, $4,798,333.28 ; unearned pre-

miums (fifty per cent.)

$2,399,166 64

8. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than one year

from date of policy, $4,578,503.21; unearned

premiums (pro rata)

2,540,698 40

624,137 55

11. Total unearned premiums as computed above (carried out) 12. Net premiums reserve aud all other liabilities, except
capital under the life insurance or any other special department 13. Unused balances of bills and notes taken in advance or premiums on open marine and inland policies or otherwise, returnable on settlement. 19. All other demands against the company, absolute and contingent, due and to become due, admitted aud contested, viz.: Due on commissions, $207,605.87; due on returned premiums, $60,000; due on reinsurance,

4,939,865 04 68i8i9 77 285,588 57

$186,494.55; contingent liabilities, $20,000; total. . . . 474,100 42

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

$ 6,392,511 35

COMPTROLLER-GENERAL'S REPORT.

79

IV.--INCOME 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 year's statement

$1,165,580 67

Deduct amount of same not collected .... 2,465 26

Net collected

1,163,115 41

Gross premiums on risks written and re-

newed during the year

9,489,673 14

Total

10,652,788 55

Deduct premiums and bills in course of col-

lection at this date

1,356,676 98

Entire premiums collected during the year . 9,296,111 57 Deduct reinsurance and return premiums . 3,006,383 82

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 . . .

14. Amount of remittances from home office

during the year

$ 24,560 79

6,289,727 75 135,039 00
121,245 70
97,144 80

15. Aggregate amount of income actually received during

the year in cash

$ 6,643,157 25

V.--EXPENDITURES DURING THE YEAR.



On Fire Risks.

Gross amount actually paid for losses (in-

cluding $609,344.80 losses occurring in pre-

vious years

14,217,042 62

Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $28,377.97, and all amounts

actually received for reinsurances in

other companies, $829,719.01; total de-

ductions

858,096 98

3. Net amount paid during the year for losses

$3,358,945 64

6. Paid for commissions or brokerage

1,066,107 42

7. Paid for salaries, fees and other charges of officers,

clerks, agents and all other employees

364,180 50

8. Paid for State, national and local taxes in this and other

States

'62,178 38

9. All other payments and expenditures

388,198 78

10. Amount sent to home offices during the year $ 524,720 84

Aggregate amount of actual expenditures during

the year in cash

$ 5,339,610 72

80

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the Year.

On Fire Risks.

Fire, marine and inland risks written

$10,816,559 00

Premiums received (gross)

158,182 11

Losses paid

65,178 66

Losses incurred

69,883 50

THE LIVERPOOL & LONDON & GLOBE INSURANCE COMPANY OF NEW YORK, N. Y.

HENRY W. EATON, President.

GEORGE W. HOYT, Secretary.

Principal Office, 45 Williams St., New York City.

JACOB HAAS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 200,000 00 $ 200,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

$

13. Cash belonging to the company deposited in bank, viz.:

Hanover Bank, New York City, $2,470.01; United

States Trust Company, $105,000.00; total

17. Premiums in hands of agents and in course of trans-

mission

Total assets of the company, actual cash market

value

$

282,743 75
107,470 01 71j699 75 461,913 51

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

30,190 00

4. Total gross amount of claims for losses . . . 30,190 00

5. Deduct reinsurance thereon

13,602 00

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, $143,018.59; 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, $82,996.53; unearned pre-

miums (pro rata)

$ 71,509 30 51,516 90

16 588 00

COMPTROLLER-GENERAL'S REPORT.

81

11. Total unearned premiums as computed above(carried out)$ 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Due for commissions, $5,355.90; due for returned premiums, $1,500.00; due for reinsurance, $3,500.00 ; due for contingent liability, 14,000.00 ; total

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

21. Joint stock capital actually paid up in cash



23. Surplus beyond capital stock and all other liabilities . .

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$

123,026 20
14,335 90 153,950 10 200,000 00 107,963 41 461,913 51

IV.--INCOME DURING THE YEAR.

On Fire Risk3,

1. Gross premiums and bills in course of collec-

tion at close of last previous year, as shown

by that year's statement

$ 67,701 83

3. Net collected

67,701 83

4. Gross premiums on risks written and re-

newed during the year

307,178 21

5. Total

374,880 04

6. Deduct premiums and bills in course of col-

lection at this date

71,744 57

7. Entire premiums collected during the year . 303,135 47 8. Deduct reinsurance and return premiums . 135,629 99

9. Net cash actually received for premiums (carried out) . ^ 11. Received for interest and dividends on stocks and bonds,
collateral loans and from all other sources

15. Aggregate amount of income actually received during

the year in cash

$

V.--EXPENDITURES DURING THE YEAR.

OQ Fire Risks

1. Gross amount actually paid for losses (in-

cluding $10,137.60 losses occurring in pre-

vious years)

$ 102,693 03

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $372.06, and all amounts

actually received for reinsurances in other

companies, $26,830.93; total deductions . . 27,202 99

3. Net amount paid during the year for losses

I

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees . . ,

6 in

167,505 48 11,785 37 179,290 85
75,490 04 30,412 69
3,737 50

82

COMPTROLLER-GENERAL'S REPORT.

8. Paid for State, national and local taxes in this and other

States

$

9. All other payments and expenditures

3,699 02 5,651 23

Aggregate amount of actual expenditures during

the year in cash

$ 118,990 48

Business in the State of Georgia during the Year.

On Fire Risks.

Fire, marine and inland risks written

$ 796,394 00

Premiums received (gross)

21,847 71

Losses paid

7,985 43

Losses incurred

9,755 43

THE LAW UNION AND CROWN FIRE INSURANCE COMPANY OF LONDON, ENGLAND.

HALL AND HENSHAW, United States Managers. Principal office, 35 Pine Street, New York.
C. L. STONE, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.

1. Whole amount of capital stock, statutory

deposit, New York Dept

$ 200,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value $ 608,396 25.

13. Cash belonging to the company deposited in bank:

Union Trust Company, N. Y., $16,734.39; Anglo-Cali-

fornian, San Francisco, $7,183.48; total

23,917 87

15. Interest due and accrued on stocks not included in

"market value" uncollected

3,345 86

17. Cash in hands of agents and in course of transmission,

uncollected premiums

61,596 59

Total assets of the company, actual cash market

value

$

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

4. Total gross amount of claims for losses . . . 5. Deduct reinsurance thereon

6. Net amount of unpaid losses

8,635 02
12,852 82 5,637 50
27,125 34 903 56 $

697,256 57 26,221 78-

COMPTROLLER-GENERAL'S REPORT.

83

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $266,421.97; unearned pre-

miums (fifty percent.)

$ 133,210 99

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $140,401.20; unearned pre-

miums (pro rata)

73,698 54

11. Total unearned premiums as computed above(carriedout)$
19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commission, $11,870.02; return premium, $942.64 ; reinsurance, $4,467.22

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

206,909 53
17,279 88 250,411 19 446,845 38 697,256 57

IV.--INCOME DURING THE YEAR.

Fire Risks.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 44,744 58

3. Net collected

44,744 58

4. Gross premiums on risks written and renewed

during the year

465,274 48

5. Total

510,019 06

6. Deduct premiums and bills in course of col-

lection at this date

62,397 63

7. Entire premiums collected during the year . 447,621 43 8. Deduct reinsurance and return premiums . 142,947 35

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 ..'...

14. Amount of remittances from home office

during the year

$ 70,000 00

304,674 08 20,123 03

15, Aggregate amount of income actually received during

the year in cash

$

V.--EXPENDITURES DURING THE YEAR.

Fire Risks.
1. Gross amount actually paid for losses (includ-

ing $63,702.59 losses occurring in previous

years)

$ 250,429 56

324,797 11
"

84

COMPTROLLER-GENERAL'S REPORT.

2. Deduct all amounts actually received for salvages (whether on losses of the last or of previous year), $3,221.95, and all amounts actually received for reinsurances in other companies, $45,953.44; total deductions. . $

49,175 39

3. Net amount paid during the year for losses

$

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

8. Paid for State, national and local taxes in this and other

States 9. All other payments and expenditures, viz.: Rent, print-

ing and stationery, advertising, boards, postage, tele-

grams, office expenses, expressage, etc

10. Amount sent to home offices during the year $114,554 58

Aggregate amount of actual expenditures during

the year in cash

$

201,254 17 102,696 49
8,218 15 6,789 57
9,957 54
328,915 92

LONDON ASSURANCE CORPORATION OF LONDON, ENGLAND.

HENRY GOSCHEN, Governor.

CHARLES L. CASE, U. S. Manager.

Principal Office, 44 Pine Street, New York.

W. F. MAURY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock Amount paid up in cash

896,550 00 448,275 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned absolutelyby the company, carried out at market value 2,021,238 75

12. Cash in company's principal office

$ 5,906 78

13. Cash belonging to the company deposited in

bank.

382,956 11

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.

388,862 89
5,914 55 283,360 54

Total assets of the company, actual cash market

Value

$ 2,699,376 73

IH.--LIABILITIES.

1. Losses due and unpaid

$ 11,525 00

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

157,948 00

3. Losses resisted, including interest, costs and

other expenses thereon

13,825 00

COMPTROLLER-GENERAL'S REPORT.

85

Total gross amount of claims for losses Deduct reinsurance thereon

183,298 00 29,390 00

Net amount of unpaid losses

$

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $997,646.85; unearned pre-

miums (fifty per cent.)

$ 498,823 42

Gross premiums, without any deduction, received and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,157,482.23; unearned pre-

miums (pro rata)

648,061 72

Gross premiums, without any deduction (in-

cluding both cash and bills), received and receivable upon all unexpired inland navigation and marine risks, $17,630.48 at 50 per cent., and $62,205.16 at 100 per cent .

71,020 40

153,908 00

11. Total unearned premiums as computed above (carried out)
12. Perpetual risks at 5 per cent 18. Commissions 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and eontested, viz.: Reinsurance, $38,296.56; return premiums,
$4.94

1,217,905 54 152 00
16,673 00
38,301 50

20. Total amount of all liabilities, except capital stock, scrip, and net surplus
23. Surplus beyond capital and all other liabilities

1,426,940 04 1,272,436 69

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,699,376 73

IV.--INCOME DURING THE YEAR.

On Fire Risks.

Gross premiums and bills in

course of collection at close

of last previous year, as

shown by that year's state-

ment

$ 198,030 98 $

On Marine and Inland Risks.
100,097 92

Net collected

198,030 98

Gross premiums on risks writ -

ten and renewed during the

ar

1,941,341 15

100,097 92 729,289 00

Total

2,139,372 13

Deduct premiums and bills in

course of collection at this

date

255,451 47

829,386 92 64,590 18

86

COMPTROLLER-GENERAL'S REPORT.

7. Entire premiums collected dur-

ing the year

$1,883,920 6(5

8. Deduct insurance and return

premiums

464,142 99

$764,796 74 345,599 98

9. Net cash actually received for premiums (carried out) . . 1,419,777 67 419,196 6 $ 1,838,974 43

11. Received for interests and dividends on stocks and bonds, collateral loans, and from all other sources

78,002 21

14. Amount of remittances from home office

duringtheyear

$ 205,232 41

15. Aggregate amount of income actually received during

the year in cash

$ 1,916,976 64

V.--EXPENDITURES DURING THE YEAR.

Ou Fire Risks. On Marine and Inland Risks.
1. Gross amount actually paid for

losses (including $123,856.71

losses occurring in previous

years)

$ 697,749 51 $ 365,773 02

2. Deduct all amounts actually re-

ceived for salvages (whether

on losses of the last or of pre-

vious year), $27,292.90; and

all amounts actually received

for reinsurances in other companies, $242,062.63; total

' deductions

69,560 94 199,794 59

3. Net amount paid during the

year for losses

628,188 57 165,978 43$

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.: Rents, ad-

vertising, printing, stationery, etc

10. Amount sent to home offices during the year $388,739.37

794,167 00 411,262 21
100,423 97
47,374 20 90,964 53

Aggregate amount of actual expenditures during

the year in cash

$ 1,444,191 91

Business in the State of Georgia during the Year.

On Marine and

On Fire Risks. Inland Risks. Aggregate.

Fire, marine and inland risks written. . $649,699 00 $344,873 00 $994,572 00

Premiums received (gross) ....... 11,630 05 666 60 12,296 65

Losses paid

3,883 19 433 47 4,316 66

Losses incurred

3,983 19 433 47 4,416 66

.

COMPTROLLER-GENERAL'S REPORT.

87

LONDON & LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL, ENGLAND.

ARCHIBALD G. MCILWAINE, JR., Manager. Principal Office in United States, 57 and 59 Williams St., New York, N. Y.
F. "W. COLE, Atlanta, Attorney for Service in Georgia.

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$ 300,000 00

9. Total par and market value of stocks and bonds owned

absolutely by the company.carried out at market value 1,684,054 67

12. Cash in company's principal office

26,833 28

13. Cash belonging to the company deposited in

bank

$ 241,396 06

Cash in hands of United States trustees .

75,000 00

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,
$364,200.52, less commission, $75,681.42 18. Bills receivable, not matured, taken for fire, marine and
inland risks All other assets, both real and personal, viz.: Rents due
and accrued, $1,755.35; due from other companies for reinsurance on losses already paid, $6,324.10; balance due from other companies, $11,118.65; total

316,396 06 22,905 82 288,519 10 3>884 51
19'198 10

Total assets of the company, actual cash market

value

* 2-661>791 54

Premiums over three months due, not in-

cluded above

$ 7>314 67

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

26,590 00
95,152 00 30,097 22

4. Total gross amount of claims for losses . . . 151,839 22

.5. Deduct reinsurance thereon

28,773 90

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, $1,369,614.19; unearned pre-

miums (fifty per cent.)

$ 684,807 09

123,065 32

88

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year

from date of policy, $1,781,888.35; un-

earned premiums (pro rata)

$ 941,725 15

11. Total unearned premiums as computed above(carried out)$ 1,626,532 24

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz. : Return premiums, $1,485.36; reinsurance,

$41,133.34, less commissions, $8,748.38 ; total

33,870 32

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

1,783,467 88

23. Surplus beyond capital and all other liabilities

878,323 66

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

. . $ 2,661,791 54

IV.--INCOME 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 year's statement

$ 317,104 91

3. Net collected

317,104 91

4. Gross premiums on risks written and re-

newed during the year

2,712,264 03

5. Total

3,029,368 94

6. Deduct premiums and bills in course of col-

lection at this date

375,399 70

7. Entire premiums collected during the year . 2,653,969 24 8. Deduct reinsurance and return premiums. . 795,471 92

9. Net cash actually received for premiums (carried out) . $ 1,858,497 32

11. Received for interest and dividends on stocks and bonds

collateral loans and from all other sources

71,774 89

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents . . .

3,0Q1 40

15. Aggregate amount of income actually received during

the year in cash

$ 1,933,273 61

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $145,391.96 losses occurring in pre-

vious years) .

$1,091,373 84

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $8,121.76, and all amounts

actually received for reinsurances in other

companies, $207,859.64; total deductions . 215,981 40

COMPTROLLER-GENERAL'S REPORT.

89

3. Net amount paid during the year for losses

$

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Postage, tel-

egrams, express and exchange, $16,773.95; advertising,

printing and stationery, $17,115.57; rents, $22,617.05;

boards, maps and surveys, $32,068.67; miscellaneous,

$42,328.65; total



875,392 44 357,025 23 153,960 78 52,351 13
130,903 89

Aggregate amount of actual expenditures during

the year in cash

$ 1,569,633 47

Business in the State of Georgia during the Year.

On Fire Risks.

Fire, marine and inland risks written

$ 2,430,683 00

Premiums received (gross)



38,906 02

Losses paid

11,248 38

Losses incurred

8,626 40

MANCHESTER FIRE ASSURANCE COMPANY OF MANCHESTER, ENGLAND.

GEORGE S. A. YOUNG, U. S. Manager. Principal Office, 49 Wall Street, New York City. C. C. HATCHES, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 10,000,000 00 $1,000,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$

9. Total par and market value of stocks and bonds owned absolutely by the company, carried out at market value.

12. Cash in company's principal office

$ 2,158 34

13. Cash belonging to the company deposited in

bank : Manhattan Trust Co., New York,

$184,303.08; Bank of America, New York,

$3,246.92; First National Bank, Chicago,

$2,430 85; Bank of British North America,

San Francisco, $853.67; total

218,834 52

4,500 00 1,326,660 00

Total cash items

$

15. Interest due and accrued on bonds not included in "mar-

ket value" uncollected 18. Bills receivable, not matured, taken for fire, marine and

inland risks

220,992 86
8>324 17
^

90

COMPTROLLER-GENERAL'S REPORT.

Gross premiums (as written in the policies) in course of collection, on policies written within three months . $
Amount of premiums unpaid on policies, which have been issued more than three months

278,859 02 4,877 47

Total assets of the company, actual cash market

value

$ 1,839,534 45

III. --LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses 3. Losses resisted, including interest, costs and
other expenses thereon

34,254 19
74,724 01 37,345 39

4. Total gross amount of claims for losses . . . 146,323 59

5. Deduct reinsurance thereon

22,595 25

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, $1,090,871.85 ; unearned pre-

miums (fifty per cent.)

$ 545,435 92

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $968,287.24; unearned pre-

miums (pro rata)

500,863 05

123,728 34

11. Total unearned premiums as computed above (carried

out)

.

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions, brokerage, and other

charges due and to become due to agents and brokers

on premiums paid and in courseof collection, $50,227.58;

reinsurance, $26,907.60

1,046,298 97 77,135 18

20. Total amount of all liabilities, except capital stock, scrip,

and net surplus

1,247,162 49

23. Surplus beyond capital and all other liabilities

592,371 96

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,839,534 45

IV.--INCOME DURING THE YEAR,

On Fire Risks.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 261,853 81

2. Deduct amount of same not collected . . . .

919 64

3. Net collected

260,934 17

s

COMPTROLLER-GENERAL'S REPORT.

91

4. Gross premiums on risks written and re-

newed during the year

. $ 2,009,044 80

5. Total

2,269,978 97

6. Deduct premiums and bills in course of col-

lection at this date

283,736 49

7. Entire premiums collected during the year. 1,986,242 48

8. Deduct reinsurance, $185,078.64 ; and return

premiums, $432,018.96

617,097 60

9. Net cash actually received for premiums (carried out) .$ 1,369,144 88

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

43,458 18

15. Aggregate amount of income actually received during

the year in cash

$ 1,412,603 06

V.--EXPENDITURES DURING THE YEAH.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $173,022.81 losses occurring in pre-

vious years)

$ 933,072 84

2. Deduct all amounts actually received for sal-

vages, (whether on losses of the last or of

previous year), $6,142.91; and all amounts

actually received for reinsurances in other

companies, $122,538.36; total deductions . . 128,681 27

3. Net amount paid during the year for losses

$

-6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

8 Paid for State, national and local taxes in this and other

' States 9. All other payments and expenditures, viz.: Rents,
$13,315.22 ; stationery, $8,821.61; postage, $12,793.71; advertising, $1,410.92; local boards, $21,689.66; travel-
ing, $28,318.96; maps, $4,589.10; sundries, $12,450,27;

total 10. Amount sent to home offices during the year, $146,482 24

804,391 57 278,670 81 112,357 73 42'478 74
103>389 45

Aggregate amount of actual expenditures during

the year in cash

$ 1,341,288 30

Business in the State of Georgia during the
Fire, marine and inland risks written Premiums received (gross) Losses paid Losses incurred

Year.
On Fire Risks.
$ l,927,82o 00 33-|>7j 0
61

92

COMPTROLLER-GENERAL'S REPORT.

MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE, RHODE ISLAND.

HENRY T. GRANT, President.

ALFRED N. EDDY, Secretary-

Principal Office, 10 Weybosser St., Providence, R. I.

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company,carried out at market value $

11. Total amount loaned on stocks and bonds and all other

securities (except mortgages)

12. Cash in company's principal office

$ 111 10

13. Cash belonging to the company deposited in

bank (Industrial Trust Co.)

17,683 82

. Total cash items 15. Interest due and accrued on stocks not included in "mar-
ket value" uncollected 16. Interest due and accrued and uncollected 17. Cash in course of transmission, premiums not over three
months due

Total assets of the company, actual cash market value
Contingent premiums

157,145 00 3,500 00
17,794 92 1,937 83 23 60 3,671 58
184,072 93900,933 7

Gross assets

$ 1,085,006 63-

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

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, $180,186.74; unearned pre-

miums (fifty per cent.)

$

3,479 24 $
90,093 37

3,479 24

11. Total unearned premiums as computed above(carried out) 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Taxes

90,093 37 3,603 72

20. Total amount of all liabilities, except capital stock, scrip,

and net surplus

. .

21. Contingent premiums

23. Surplus beyond capital and all other liabilities

97,176 33 900,933 70 86,896 60-

24. Aggregate amount of all liabilities

$ 1,085,006 6S

COMPTROLLER-GENERAL'S REPORT.

93

IV.--INCOME 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 year's statement

$ 8,460 41

3. Net collected

8.460 41

4. Gross premiums on risks written and re-

newed during the year

196,924 56

5. Total

205>384 97

6. Deduct premiums and bills in course of col-

lection at this date

3,671 58

7. Entire premiums collected during the year . 201,713 39

S. Deduct reinsurance and return premiums

14,035 72

<). 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

tLyearincash

$

187,677 67 6,351 08
W8 75

V.--EXPENDITURES DURING THE YEAR. On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $27,328.53 losses occurring in pre-

vious years)

$ 56,372 67

3. Net amount paid during the year for losses

S

4. Cash dividends actually paid policy-holders

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, VJZ.: Rents, travel,
inspection and office expenses

Aggregate amount of actual expenditures during

the yearincash

*

56,372 67 111,558 12 14>863 06
3'939 95 9'672 22
196,406 02

Business in the State of Georgia during the Year.
On Fire Risks.

Fire, marine and inland risks written Premiums received (gross)

$ 1,261,617 00



9>2'

Lossespaid . Losses incurred

369 83

94

COMPTROLLER-GENERAL'S REPORT.

THE MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE, WIS.

WILLIAM L. JONES, President.

OSCAR GBIEBLING, Secretary.

Principal Office, 442 and 444 City Hall Square.

O. F. SIMPSON, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 200,000 00 $200,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbranees thereon)

$ 04,000 00

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

1,217,830 80

3. Interest due on all said bond and mortgage loans, $6,-

703.15; interest accrued thereon, $17,538.82; total . . .

24,241 97

4. Value of lands mortgaged, exclusive of buildings and

perishable improvements

$2,261,137 00

5. Value of buildings mortgaged (insured for

$820,250 as collateral)

1,219 650 00

6. Total value of said mortgaged premises (car-

ried inside)

3,480,787 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

12. Cash in company's principal office

$ 3,780 34

13. Cash belonging to tbe company deposited in

bank

56,642 63

1,171,553 75

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 .

60,422 97
5,941 66 207,868 00

Total assets of the company, actual cash market

value

$ 2,751,859 15

m.--LIABILITIES.

2. Gross losses in process of adjustment or in suspense, including all reported and supposed

losses

$ 121,009 74

3. Losses resisted, including interest, costs and

other expenses thereon

15,600 00

4. Total gross amount of claims for losses. . . 186,609 71

5. Deduct reinsurance thereon

38,515 16

6. Net amount of unpaid losses

$

98,094 58

COMPTROLLER-GENERAL'S REPORT.

95

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from date

of policy, $811,790.85; unearned premiums

(fifty per cent.)

$ 405,895 43

Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,228,924.27; unearned pre-

miums (pro rata)

681,110 28

11. Total unearned premiums as computed above (carried

out)

$ 1,087,005 71

19. All other demands against the company, absolute and

and contingent, due and to become due, admitted and

contested, viz.: Reserve retained for reinsurance com-

pany

64,453 81

Commissions, brokerage and other charges due, or to

become due, to agents or brokers

34,644 66

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

1,284,198 76 200,000 00
1,267,660 39

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,761,859 15

IV.--INCOME 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 year's statement

I 208,223 79

Netcollected

208,223 79

Gross premiums on risks written and renewed

during the year

1,699,610 25

Total

1,907,834 04

Deduct premiums and bills in course of col-

lection at this date

207,868 00

Entire premiums collected during the year . 1,699,966 04 Deduct reinsurance and return premiums . . 458,319 80

9, Netcash actually received for premiums (carried out) . . $ 1,241,646 24

10 Received for interest on bonds and mortgages

49,923 60

11, Received for interest and dividends on stocks and bonds,

collateral loans, and from all other sources

48,887 38

12 Income received from all other sources, omitting increase, if any, in value of securities, viz.: Rents, $4,433.35;

conscience fund, $4.00; reserve retained for reinsurance company, $4,983.99; total

9'421 34

15 Aggregate amount of income actually received during

the year in cash

$ 1,349,878 56

96

COMPTROLLER-GENERAL'S REPORT.

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (includ-

ing $100,102.12, losses occurring in previous

years)

$ 725,108 23

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $1,713.65, and all amounts

actually received for reinsurances in other

companies, 1121,580.31; total deductions . 123,293 96

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year) . .

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Repairs and

expenses on real estate, $3,054.73; rents, $5,551.25; ad-

vertising, printing and stationery, $9,578.69 ; legal ex-

penses, $2,822.36 ; furniture and fixtures, $547.89; mis-

cellaneous, $52,373.26; depreciation on bonds, $76,756.50;

on real estate, $8,500.00 ; on mortgages, $2,362.74; loss

in agent's accounts, $9,236.80; total

601,814 27 80,000 00 300,820 40 79,718 47 46,219 59
120,284 22

Aggregate amount of actual expenditures during

the year in cash

$ 1,228,856 95

NATIONAL FIRE INSURANCE COMPANY OF HARTFORD, CONN.

JAMES NICHOLS, President.

B. R. STILLMAN, Secretary.

J. B. KIMBELL, Columbus, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in cash $1,000,000 00

Amount of ledger assets (as per balance),

December 31, 1901

$4,967,231 02

Extended at

$ 4)967,231 02

II.--INCOME.

As shown by the books at home office at close of business Dec. 31,1902.

1. Gross premiums

Fire. $5,865,471 86

2. Deduct reinsurance, rebate, abatement and

return premiums

1,589,206 82

3. Total premiums (other than perpetuals) .

$ 4,276,265 04

COMPTROLLER-GENERAL'S REPORT.

97

5. Interest on mortgage loans

$ 36,136 37

7. Interest on bonds and dividends on stocks . 164,945 05

8. Interest from all other sources

4,277 67

9. Gross rents from company's property .... 18,121 65

10. Total interest and rents 11. Profit on sale or maturity of ledger assets

$ 223,480 74 50,187 45

13. Total income

$ 4,549,933 23

III .--DISBURSEMENTS.

As shown by the books at home office at close of business Dec. 31, 1902.

Fire.
1. Gross amount paid for losses (including $306,-

738.93 occurring in previous years) .... $2,758,229 44

2. Deduct amount received for salvage, $11,-

506.06 ; and for reinsurance in other com-

panies, $603,076.33

614,582 39

3. Net amount paid for losses

$ 2,143,647 05

5. Paid stockholders for interest or dividends (amount de-

clared during the year)

120,000 00

8. Commissions or brokerage

797,247 68

9. Salaries, fees, and all other charges of officers, clerks,

agents, and other employees

247,008 21

11. Repairs and expenses (other than taxes) on real estate .

5,551 77

12. Taxes on real estate 13. All other taxes, licenses, and insurance department fees.

6,815 26 131,01167

15. All other disbursements: Profit and loss, agents' bal-

ances, 1561.64; advertising, field work, and incidental

expenses, $234,025.30; office furniture, books and

stationery, $33,849.24; traveling, adjustments and

miscellaneous, $70,253.24

338,689 42

16. Total disbursements

$ 3,789,971 06

IV.--LEDGER ASSETS.

1. Book value of real estate

$

2. Mortgage loans on real estate, first liens

4. Book value of bonds, excluding interest, $3,063,904.01;

and stocks, $915,464.37

5. Cash in company's office, $918.40; deposited in banks,

viz.: Charter Oak National Bank, $304,001.54; Hart-

ford NationalBank, $1,097.27; State Bank, $27,793.15;

Continental National Bank, $62,635.91; National Bank

of Illinois, $5,132.76 ; Union Trust Company, $12,782.00;

New Orleans National Bank, $7,043.06 ; State National

Bank, $10,233.80; total

6. Agents' balances representing business written subse-

quent to October 1, 1902

7. Agents' balances representing business written prior to

October 1, 1902

415,976 35 580,465 00 3,979,368 38
431,637 89 319,197 37
548 20

11. Total ledger assets
7 in

5,727,193 19

98

COMPTROLLER-GENERAL'S REPORT.

NON-LEDGER ASSETS.
19. Market value of bonds and stocks over book value ... $ 20. Other non-ledger assets, viz. : Gross uncollected pre-
miums not yet debited to agents, $425,000.00; return premiums and reinsurance, $110,000.00; deduct commissions and all other costs for collection, $91,979.33.

298,013 62 223,020 67

21. Gross assets

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business

written prior to October 1, 1902

$ 548 20

7. Depreciation from book value of ledger as-

sets to bring same to market value, viz.:

Real estate

42,285 57

6,248,227 48

8. Total

42,833 77

9. Total admitted assets

$ 6,205,393 71

V.--LIABILITIES.

1. Gross losses adjusted and unpaid, not due.$ 2. Gross claims for losses in process of adjust-
ment, or in suspense, including all reported and supposed losses . . ^_. .... 3. Gross claims for losses resisted

71,262 35
276,271 53 25,896 45

6. Net amount of unpaid losses and claims

$

7. Gross premiums (less reinsurance) received

and receivable upon all unexpired Are

risks, running one year or less from date

of policy, including interest premiums on

perpetual fire risks, $2,800,670.97; unearned

premiums (fifty per cent.)

$1,400,335 48

8. Gross premiums (less reinsurance) received and receivable upon all unexpired fire risks, running more than one year from

date of policy, $3,134,156.54; unearned

premiums (pro rata)

1,723,290 18

11. Excess of original premiums over amount

received for reinsurance, $215,069.96 ; un-

earned premiums (pro rata)

107,534 98

12. Total unearned premiums as computed above

23. All other liabilities viz.: Reserve fund for contingencies.

373,430 33
3,231,160 64 50,000 00

24. Total amount of all liabilities except capital

25. Capital actually paid up in cash 26. Surplus over all liabilities

$1,000,000 00 1,550,802 74

27. Surplus as regards policy-holders

3,654,590 97 2,550,802 74

28. Total liabilities

Business in Georgia during 1902.

Risks written

'

Premiums received

Losses paid

Losses incurred

% 6,205,393 71
$ 3,108,938 00 35,752 79 20,174 09 22,356 76

COMPTROLLER-GENERAL'S REPORT.

99

NIAGARA FIRE INSURANCE COMPANY OF NEW YORK, N. Y.

.HAROLD HEBRICK, President.

GEORGE W. DEWEY, Secretary.

Principal Office, 44-46 Cedar Street, New York City.

EDWIN P. ANSLEY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 500,000 00 $ 500,000 00

II.--ASSETS.

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

$

8. Interest due and accrued on all said bond and mortgage

loans

5. "Value of buildings mortgaged (insured for

$242,500.00 as collateral)

$ 547,000 00

344,000 00 5,089 21

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

12. Cash in company's principal office

$ 971 87

13. Cash belonging to the company deposited in

bank: Bank of Manhattan Company New

York, $43,515.17; Continental Trust Com-

pany, New York, $125,000.00

168,515 17

2,754,550 00

Total cash items 15. Interest due and accrued on stocks not included in "mar-
ket value " uncollected 16. Interest due and accrued on other assets 17. Cash in hands of agents and in course of transmission. .

169,487 04
2,229 98 2,910 41 419,468 87

Total assets of the company, actual cash market

value

$ 3,697,735 51

III.--LIABILITIES.

1. Losses due and unpaid

$ 78,261 68

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

118,404 40

-3. Losses resisted, including interest, costs and

other expenses thereon

39,354 52

4. Total gross amount of claims for losses . . . 236,020 60

5. Deduct reinsurance thereon

36,636 45

e. 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, $1,688,125.97; unearned pre-

miums (fifty per cent.)

$ 844,062 99

199,384 15

100

COMPTROLLER-GENERAL'S REPORT.

Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

lire risks running more than one year

from date of policy, $1,725,620.76; un-

earned premiums (pro rata)

$ 936,658 10

11. Total unearned premiums as computed above(carriedout)$ 1,780,721 09

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested

110,562 15

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

2,090,667 39 500,000 00
1,107,068 12

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 3,697,735 51

IV.--INCOME DURING THE YEAE.

On Fire Risks.

Gross premiums and bills in course of collec-

tion at close of last previous year, as shown

by that year's statement

$ 327,125 16

3. Net collected

327,125 16

4. Gross premiums on risks written and re-

newed during the year

3,227,583 35

5. Total

3,554,708 51

6. Deduct premiums and bills in course of col-

lection at this date

419,468 87

7. Entire premiums collected during the year . 3,135,239 64 8. Deduct reinsurance and return premiums . . 792,210 70

9. Net cash actually received for premiums (carried out). . $ 2,343,028 94

10. Received for interest on bonds and mortgages

13,041 85

11. Received for interests and dividends on stocks and bonds,

collateral loans and from all other sources

88,671 48

12. Income received from all other sources, omitting in-

crease, if any, in value of securities

3,595 78

15. Aggregate amount of income actually received during

the year in cash

$ 2,448,338 05

V. --EXPENDITURES DURING THE YEAR. On Fire Risks.
Gross amount actually paid for losses . . . $1,372,944 16 Deduct all amounts actually received for sal-
vages (whether on losses of the last or of previous years), $4,053.42, and all amounts actually received for reinsurances in other companies, if 190,457.47 ; total deductions . 195,110 89

Net amount paid during the year for losses

$1,177,833 27

COMPTROLLER-GENERAL'S REPORT.

101

4. Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year) . . $
6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers, clerks,
agents and all other employees 8. Paid for State, national and local taxes in this and other
States 9. All other payments and expenditures, viz.: Traveling,
stationery, postage, etc

70,000 00 947,600 63 169,233 21
57,742 65 152,761 04

Aggregate amount of actual expenditures during

the year in cash



$ 2,125,170 80

Business in the State of Georgia during the Year.
On Fire Risks.

Risks written Premiums received (gross)
Losses paid Losses incurred

$ 10,550 70
19,666 15 4>809 8 4>578 85

THE NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER, N. H.

U. C. CROSBY, President.

F. W. SARGEANT, Secretary.

Principal Office, 876 Elm Street.

O. F. SIMPSON, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 1,000,000 00 $1,000,000 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)

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements .....$ 455,675 00

5. Value of buildings mortgaged (insured for

$452,512.50 as collateral)

737,950 00

172,937 58 467,533 33

6. Total value of said mortgaged premises (car-

ried inside)

1,193,625 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

11. Total amount loaned on stocks, bonds and all other se-

securities (except mortgages)

"

12. Cash in company's principal office

$ 599 30

13. Cash belonging to the company deposited in

bank

251,241 57

2,540,420 00 120,000 00

Total cash items

251,840 87

102

COMPTROLLER-GENERAL'S REPORT.

17. Cash in hands of agents and incourse of transmission . $ 223,377 47

All other assets, both real and personal

3,460 42'

Total assets of the company, actual cash market

value

$ 3,779,569 67

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$ 175,027 23

3. Losses resisted, including interest, costs and

other expenses thereon

6,395 00

4. Total gross amount of claims for losses . . . 181,422 23

5. Deduct reinsurance thereon

29,389 53

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, $1,171,975.68; unearned pre-

miums (fifty per cent.)

$ 585,987 84

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, 11,499,685.20; unearned pre-

miums (pro rata)

781,533 13

152,032 70'

11. Total unearned premiums as computed above (carried out)
19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commissions, returned premiums and reinsurance

1,357,520 97 105,205 90

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

1,624,759 57 1,000,000 00 i 154 810 JQ,

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 3,779,569 67

IV.--INCOME 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 year's statement

$ 173,304 71

3. Net collected

. 173 304 71

4. Gross premiums on risks written and renewed

during the year

2,015,492 45

5- Total

2,188,797 16

COMPTROLLER-GENERAL'S REPORT.

103

6. Deduct premiums and bills in course of col-

lection at this date

$ 223,377 42

7. Eutire premiums collected during the year . 1,965,419 74 8. Deduct reinsurance and return premiums . . 333,419 90

9. Net cash actually received for premiums (carried out) .$ 1,631,999 84

10. Received for interest on bonds and mortgages

25,905 44

11. Received for interest and dividends on stocks and bonds,

collateral loans, aud from all other sources

107,855 91

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents . . .

18,391 45

13. Received for loss and gain account

4,570 25

15. Aggregate amount of income actually received during

the year in cash

$ 1,788,722 89

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.
1. Gross amount actually paid for losses . . . $1,063,540 92 2. Deduct all amounts actually received for sal-
vages (whether on losses of the last or of previous year), $5,696.28, and all amounts actually received for reinsurances in other companies, $167,311.01; total deductions 173,007 29

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year) . .

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

8. Paid for State, national and local taxes in this and other

States 9. All other payments and expenditures, viz.: Miscella-

neous expenses

-

890,533 63 100,000 00 394,749 63 72,010 55 49,844 47 102,65- 60

Aggregate amount of actual expenditures during

the year in cash

$ 1,609,790 88

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

$1,333,495 11

Premiums received (gross)
Losses paid Losses incurred

30,003 64 I9.TM0 10
23,370 10

104

COMPTROLLER-GENERAL'S REPORT.

NORWICH UNION FIRE INSURANCE SOCIETY OF NORWICH, ENGLAND.
J. MONTGOMERY HARE, U. S. Manager. Principal U. S. Office, 56 and 08 Pine Street, New York, N. Y. GUY CARPENTER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in cash $660,000 00

Amount of ledger assets (as per balance),

December 31st, of previous year

$1,834,161 36

Extended at

$ 1,834,161 36

II.--INCOME.

Fire.

1. Gross premiums

$2,562,276 06

2. Deduct reinsurance, rebate, abatement and

return premiums

.'

670,626 96

3. Total premiums (other than perpetuals)

$ 1,891,649 10

5. Interest on mortgage loans

$ 1,665 00

7. Interest on bonds and dividends on stocks.. 60,226 57

10. Total interest and rents 11. Profit on sale or maturity of ledger assets 12. Premiums in course of collection, December 31st, 1901..

61,891 57 4,912 50 267,667 58

13. Total income

$ 2,226,120 75

III.--DISBURSEMENTS.

Fire.

1. Gross amount paid for losses (including

$134,505.39, occurring in previous years). $1,023,118 00

2. Deduct amount received for salvage, $6,476.34;

and for reinsurance in other companies,

$115,913.48

122,389 82

3. Net amount paid for losses

$

8. Commissions or brokerage

9. Salaries, fees and all other charges of officers, clerks,

agents and other employees

10. Rents, including $ for company's own occupancy

13. All other taxes, licenses and insurance department fees.

15. All other disbursements, viz.: Advertising and station-

ery, $15,740.64; legal expenses, $103.99; furniture and

fixtures, $2,956.81; miscellaneous, $54,827.28

Cash remitted to home office

Cost of collection, commission and brokerage on pre-

miums in course of collection, December 31st, 1901...

900,728 18 317,698 83
188,149 57 18,737 72 42,434 44
73,628 72 161,468 88
54,699 17

16. Total disbursements

$ 1,757,545 51

COMPTROLLER-GENERAL'S REPORT.

105

IV.--LEDGER ASSETS.

2. Mortgage loans on real estate, first liens

$

4. Book value of bonds, excluding interest, $1,100,150.50;

and stocks, *546,740.08

5. Cash in company's office, $5,341.99; deposited in banks,

$322,232.03

6. Agents' balances representing business written subse-

quent to October 1, 1902

7. Agents' balances representing business written prior to

October 1, 1902

40,000 00 1,646,890 58
327,574 02 260,525 33
27746 67

11. Total ledger assets

2,302,736 60

NON-LEDGER ASSETS.

12. Interest due, $135.00. and accrued, $150.00, on

mortgages

$

13. Interest due and accrued, on bonds and

stocks

285 00 17,349 31

17. Total 19. Market value of bonds and stocks over book value 20. Other non-ledger assets, viz.: Commission on unpaid
return premium and reinsurance premiums Reinsurance due but uncollected on losses paid, viz.:
Farmers' Fire Insurance Co., of Pennsylvania, S43.05 ; Phenix Fire Insurance Co., of New York, $7.71

21. Gross assets

17,634 31 116,369 42
2,430 46
50 76
2-439'221 55

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business written prior to October 1, 1902

27,746 67

Total admitted assets

$ 2,411,474 88

V.--LIABILITIES.

1. Gross losses adjusted and unpaid, due $ 2. Gross losses for claims in process of adjust-
ment, or in suspense, including all reported and supposed losses 3. Gross claims for losses resisted

93,178 90
66,194 71 23,100 00

4. Total 5. Deduct reinsurance due or accrued

182,473 61 23,009 25

. Net amount of unpaid losses and claims

$

7. Gross premiums (less reinsurance) received

and receivable upon all unexpired Are

risks, running one year or less from date

of policy, including interest premiums on perpetual fire risks, $1,421,044.69; unearned

premiums (fifty per cent.)

$ 710,522 35

159,464 36

106

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire

risks, running more than one year from

date of policy, $1,370,805.79; unearned pre-

miums (pro rataj

$ 731,654 95

12. Total unearned premiums as computed above

$ 1,442,177 30

19. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued

20,912 59

20. Commissions, brokerage and other charges due or to be-

come due to agents and brokers

50,742 69

21. Return premiums, $6,750.56; reinsurance premiums,

$5,662.92

12,413 48

24. Total amount of all liabilities except capital

1,685,710 42

26. Surplus over all liabilities

$ 725,764 46

27. Surplus as regards policy-holders

725,764 46

28. Total liabilities

$ 2,41i,474 88

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

$ 2,994,879 00

Premiums received

40,840 36

Losses paid

19,645 37

Losses incurred

33,580 41

UNITED STATES BRANCH OF THE NORTH BRITISH AND MERCANTILE FIRE INSURANCE COMPANY OF LONDON AND EDINBURGH.

E. G. RICHARDS, U. S. Manager.

J. F. HASTINGS, Ass't Manager.

Principal Office, 76 William Street, New York, N. Y.

JACOB HAAS, Atlanta, Attorney for Service in Georgia.

I. CAPITAL.

1. Whole amount of capital stock authorized, $15,000,000.00;

subscribed . . '.

$13,750,000 00

2. Amount paid up in cash

$3,437,500 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value $ 4,780,605 00

12. Cash in company's principal office

32,375 47

13. Cash belonging to the company deposited in bank: J. P.

Morgan & Co., of New York, $270,063.90; Merchants

National Bank, New York, $20,000.00

290,063 90

15. Interest due and accrued on stocks not included in "mar-

ket value" uncollected

52 962 50

COMPTROLLER-GENERAL'S REPORT.

107

16. Milwaukee Underwriters Association, $181.00; Philadel-

phia Underwriters Association, $100.00; Underwriters

Salvage Company, $1,000.00

$

17. Cash in hands of agents and in course of transmission. .

Reinsurance on losses already paid

1,281 00 597,408 14
3,600 10

Total assets of the company, actual cash market

value

$ 5,758,296 11

III.--LIABILITIES.

1. Losses due and unpaid

$ 47,542 35

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

319,146 53

3. Losses resisted, including interest, costs and

other expenses thereon

65,724 99

4. Total gross amount of claims for losses . . . 432,413 87

5. Deduct reinsurance thereon

34,026 44

6. Net amount of unpaid losses

I

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $2,898,028.65; reinsurance

thereon (fifty per cent.)

$1,449,014 32

,8. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $2,693,991.95; reinsurance

thereon (pro rata)

1,491,126 03

398,387 43

11. Total reinsurance as computed above(carried out) . . . .
Amount reclaimable by the insured on perpetual Are in' suranee policies, being 90 per cent, of the premiums or
deposits received 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: State, city, county or other taxes and assessments

2,940,140 35 10,905 08 136,619 93

20. Total amount of all liabilities, except capital stock, scrip,

and net surplus

3,486,052 79

23. Surplus beyond capital and all other liabilities

2,272,243 32

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 5,758,290 11

IV.--INCOME 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 year's statement

$ 527,286 54

3. Net collected

'

527,286 54

108

COMPTROLLER-GENERAL'S REPORT.

4. Gross premiums on risks written and re-

newed during the year

$5,174,448 93

5. Total

5,701,735 47

6. Deduct premiums and bills in course of col-

lection at this date

618,714 24

7. Entire premiums collected during the year . 5,083,021 23

8. Deduct reinsurance, $352,525.79, and return

premiums

1,134,049 43

9. Net cash actually received for premiums (carried out) . $ 3,948,971 80

11. Received for interests and dividends on stocks and bonds,

collateral loans and from all other sources

163,430 69

15. Aggregate amount of income actually received during

the year in cash

$ 4,112 402 49

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $361,839.63 losses occurring in pre-

vious years)

$2,187,967 75

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous years), $14,548.94, and all amounts

actually received for reinsurance in other

companies, $228,764 36; total deductions . 243,313 30

3. Net amount paid during the year for losses

$ 1,944,654 45

6. Paid for commissions or brokerage

825,302 02

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

201,143 50

8. Paid for State, national and local taxes in this and other

States

84,043 98

9. All other payments and expenditures, viz.: Local boards,

traveling, stationery, advertising, postage, furniture,

maps and office supplies, rent, incidentals

195,907 19

Amount of deposit premium returned during

the year on perpetual fire risks (carried

inside)

$

870 QQ

Aggregate amount of actual expenditures during

the year in cash

' $ 3,251,051 14

Business in the Utate of Georgia during the Year.

Risks written Premiums received (gross) Losses paid Losses incurred

On Fire Risks.
$ 5,016,447 00
57,464 J9 22 505 47
23 191 13

COMPTROLLER-GENERAL'S REPORT.

109

UNITED STATES BRANCH NORTHERN ASSURANCE COMPANY OF LONDON, ENGLAND.

H. E. WILSON, General Manager. Principal Offices in the United States, 38 Pine Street, New York, and 642
Monadnock Block, Chicago.
F. C. CALKINS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in cash.. $1,500,000

Amount of net ledger assets (as per balance),

December 31st of previous year

12,371,808 41

Extended at

$ 2,371,808 41

II.--INCOME.

On Fire Risks.

1. Gross premiums

$2,968,551 14

2. Deduct reinsurance, rebate, abatement and

return premiums

823,582 57

3. Total premiums (other than perpetuals) 7. Interest on bonds and dividends on stocks. .$ 8. Interest from all other sources 9. Gross rents from company's property, in-
cluding $7,000.00 for company's own occupancy

$ 2,144,96S 57 77,962 19
821 10
7,000 00

10. Total interest and rents 11. Profit on sale or maturity of ledger assets 12. From all other sources : Amount collected of previous
year's premiums Commissions collected on return premiums and reinsur-
ance premiums Received from head office during the year. Received for premiums on business placed with other
companies

85,783 29 28,338 75
363,9-1 -4
*,ow o 480,217 90
5<9 27

13. Total income

3,246,158 35

14. Total footings .-.,

* 5,617,966 76

III.--DISBURSEMENTS.

Fire.

1. Grogs amount paid for losses (including $91,-

730.11 occurring in previous years)

$1,083,844 01

2.. Deduct amount received for salvages, $8,357-

.88; and for reinsurance in other companies,

$179,647.12

188.005 00

3. Net amount paid for losses

$

8. Commission or brokerage



9. Salaries, fees, and all other charges of officers, clerks,

agents and other employees

895.839 01 458,308 10
113,355 2o

110

COMPTROLLER-GENERAL'S REPOR .

10. Rents, including $7,000.00 for company's own occupancy.$ 11. Repairs and expenses (other than taxes) on real estate.. 13. All other taxes, licenses and insurance department fees.. 15. All other disbursements, viz.: Advertising, printing and
stationery Legal expenses Miscellaneous Remitted to head office during the year Unpaid return premiums and reinsurance premiums, De-
cember 31, 1901, since paid

15,248 34 885 85
53,186 27
16,029 24 1 40
138,797 89 515,656 72
20,102 43

16. Total disbursements 17. Balance

2,227,410 50 $ 3,390,556 26

IV.--LEDGER ASSETS.

1. Book value of real estate, unincumbered

$

4. Book value of bonds, excluding interest, $2,308,825.66; and

stocks, 294,265.90

5. Cash in company's office, $1,795.24; deposited in banks,

$144,326.41

6. Agents' balances, representing business written sub-

sequent to October 1, 1902

7. Agents' balances representing business written prior to

October 1, 1902

10. Other ledger assets, viz.: Due from other companies for

reinsurance on losses already paid

Balance due from special agents

Suspense items and amounts due for placed business

115,000 00
2,603,091 56
146,121 65
495,881 43
21,438 14
4,027 29 165 43
4,830 76

11. Total ledger assets

3,390,556 26

NON-LEDGER ASSETS.
13. Interest due, $4,600.00, and accrued, $7,206.38 18. Market value of real estate over book value 19. Market value (not including interest) of bonds and stocks
over book value 20. Other non-ledger assets, viz.: Bills receivable
Due from other companies for reinsurance on losses already paid
21. Gross assets

11,806 38 25,000 00
24,513 44 2,038 93
1?816 44 3,455,731 45

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business writ-

ten prior to October 1, 1902

$ 21,438 14

Suspense items and amounts due for placed

business

4,830 76

Bills receivable

2,038 93

Due from other companies for reinsurance on

losses already paid

4,027 29

Balance due from special agents

165 43

8- Total

32,500 55

9. Total admitted assets

$ 3,423,230 90

COMPTROLLER-GENERAL'S REPORT.

Ill

V.--LIABILITIES.

1. Gross losses adjusted and unpaid, not yet due. $ 29,914 04

2. Gross claims for losses in process of adjust-

ment, or in suspense, including all reported

and supposed losses

135,667 08

3. Gross claims for losses resisted

56,225 73

4. Total 5. Deduct reinsurance due or accrued

221,806 85 6,676 91

6. Net amount of unpaid losses and claims

$

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, $1,806,161.20; unearned

premiums (fifty per cent)

$ 903,080 60

8. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire

risks running more than one year from

date of policy, $1,295,065.39; unearned pre-

miums (pro rata)

722,583 46

215,129 94

12. Total unearned premiums as computed above 19. Salaries, rent, expenses, taxes, bills, accounts, fees, etc.
due or accrued 20. Commissions, brokerage and other charges due or to be-
come due to agents and brokers 21. Return premiums, $75,555.37; and reinsurance premiums,
$9,114.52 23. All other liabilities, viz.: Miscellaneous

1,625,664 06 4,455 62 68,348 53 84,66989 348 7

24. Total amount of all liabilities, except capital 26. Surplus over all liabilities

1,998,616 11 1,424,614 79

28. Total liabilities

$ 3,423,230 90

Business in the State of Georgia during the Year.

Fire Risks.

Risks written Gross premiums received
Losses paid Losses incurred

* 4,590,136 00
52,811 98 29>529 57 22,844 16

112

COMPTROLLER-GENERAL'S REPORT.

THE ORIENT FIRE INSURANCE COMPANY OF HARTFORD, CONN.

ARCHIBALD G. MCILWAINE, JR., President. JAMES WYPER, Secretary Principal Office, 5 Haynes Street, Hartford, Conn.
R. A. HANCOCK, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2, Amount paid up in cash

$ 500,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$

5. Value of buildings mortgaged (insured for

$41,000 as collateral)

42,250 00

74 652 31

7. Amount of other loans

11. Total par and market value of stocks and bonds and

amount loaned thereon

12. Cash in company's principal office

$ 1,234,76

13. Cash belonging to the company deposited in

bank

219,218 63

42,250 00 1.537,022 07

Total

15. Interest due and accrued on stocks not included in

" market value " uncollected

17. Cash in hands of agents and in course of transmission.

18. Bills receivable, not matured, taken for fire, marine and

inland risks

All other assets, both real and personal, viz.: Rents due

and accrued, $

; due from other companies for

reinsurance on losses already paid

Special deposit New Mexico

220,453 39 25,222 47 161,677 13 229 50
984 05 10,000 00

Gross amount of assets Less balances due other companies

2,072,490 92 1,395 15

Aggregate amount of all the assets of the company $ 2,071,095 77

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

28,021 00
74,152 29 24,195 50

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

126,368 79 15.423 83

6. Net amount of unpaid losses

$

110,944 96

COMPTROLLER-GENERAL'S REPORT.

113

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $760,867.02; unearned pre-

miums (fifty per cent.)

$ 380,433 51

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than one year

from date of policy, $800,313.22; unearned

premiums (pro rata)

429,255 15

11. Total unearned premiums as computed above (carried

out)

:

$

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Return premiums, $5,944.59 ; reinsurance,

$1,610.68; total, $7,555.27 ; less commissions, $1,188.34..

809,688 66 6,366 93

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

927,000 55 500,000 00 644,095 22

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,071,085 77

IV---INCOME DURING THE YHAR.

On Fire Risks.

1. Gross premiums and bills in course of collec-

tion at close of last previous year, as shown

by tbatyear's statement

$ 160,918 62

Net collected

160,918 62

Gross premiums onrisks written and renewed

during the year

>

1,521,149 64

Total

1,682,068 26

Deduct premiums and bills in course of col-

lection at this date

202,48167

Entire premiums collected during the year. 1,479,586 59 8. Deduct reinsurance and return premiums... 481,987 65

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

997,593 94 6,0)0 02
55,897 82
1,292 35

15. Aggregate amount of income actually received during

the year in cash.

$ 1,060,879 13

8 in

114

COMPTROLLER-GENERAL'S REPORT.

V.--EXPENDITURES DURING THE YEAR.

Marine and Fire Risks. Inland.
1. Gross amount actually paid for

losses (including$121,435.17 losses

occurring in previous years) $ 756,385 15 $5,657 71

2. Deduct all amounts actually re-

ceived for salvages (whether on

losses of the last or of previous

year), $5,530.97; and all amounts

actually received for reinsurances in other companies, $140,-

539.49; total deductions

145.751 04 319 42

3. Net amount paid during the year

for losses

610,634 11 5,338 29$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures

615,972 40
200,000 00 222,770 26
63,080 47
13,301 30 75,505 74

Aggregate amount of actual expenditures during

the year in cash

$ 1,190,630 17

Business in the State of Georgia during the Year.

Fire Risks

Risks written

1,757,832 00

Premiums received (gross)

22,022 79

Losses paid

12,720 25

Losses incurred

10,981 04

THE PALATINE FIRE INSURANCE COMPANY, LIMITED, OF LONDON, ENGLAND.

A. H. WRAY, Manager. Principal Office in United States, Pine and William Sts., New York, N. Y.
JOHN C. WHITNER, Atlanta, Attorney for Service in Georgia.

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company carried out at market value $ 1,294,087 50

13. Cash belonging to the company deposited in bank: Mor-

ton Trust Co., N. Y., $125,540.13; American Exchange

National, N. Y. $100,526.87; Crocker-Woolworth Na-

tioral, San Francisco, $17,209.00

243,276 00

15. Interest due and accrued on stocks not included in "mar-

ket value" uncollected

291 67

COMPTROLLER-GENERAL'S REPORT.

115

17. GUsh in hands of agents and in course of transmission. .$ Reinsurance on losses already paid Commercial Union Assurance Co

252,201 07 294 03

Total assets of the company, actual cash market

value

$ 1,790,150 27

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and supposed losses 3. Losses resisted, including interest, costs and

other expenses thereon

37,725 00
63,322 00 14,567 00

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

115,614 00 9,344 00

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, $993,227.84; unearned pre-

miums (fifty per cent.)

$ 496,613 92

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $559,624.50; unearned pre-

miums (pro rata)

356,100 79

106,270 00

11. Total unearned premiums as computed above (carried out)
17. Due and accrued for salaries, rent, advertising and for agency and other miscellaneous expenses
19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commissions, brokerage, etc
Return premiums, $8,215.02; reinsurance, $32,594.91

852,714 71 2,256 31
31,870 73 40,809 93

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

1,033,921 68

23. Surplus beyond capital and all other liabilities

756,228 59

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 1,790,150 27

IV.--INCOME 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 year's statement

$ 213,591 27

3. Net collected

213,591 27

116

COMPTROLLER-GENERAL'S REPORT.

4. Gross premiums on risks written and re-

newed during the year

$1,835,168 95

5. Total

2,048,760 22

6. Deduct premiums and bills in course of col-

lection at this date

254,426 11

7. Entire premiums collected during the year.. 1,794,884 11 8. Deduct reinsurance and return premiums . . 558,645 56

9. Net cash actually received for premiums (carried out). .$ 1,235,688 55

11. Received for interests and dividends on stocks and bonds,

collateral loans and from all other sources

27,685 27

15. Aggregate amount of income actually received during

the year in cash

$ 1,263,373 82

V.--EXPBNDITUBES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $93,751.70 losses occurring in pre-

vious years)

$ 607,861 44

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $4,546.21, and all amounts

actually received for reinsurances in

other companies, $64,428.74; total de-

ductions

68,974 95

3. Net amount paid during the year for losses

$

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers,

clerks, agents and all other employees

8. Paid for State, national and local taxes iu this and other

States

9. All other payments and expenditures, viz.: National and

local boards, postage, travel, rents, $7,437.70; printing

and miscellaneous, $52,920.47

10. Amount sent to home offices during the year $ 129,202 27

Aggregate amount of actual expenditures d.iring

the year in cash

$

538, S86 49 254,495 60 67,918 67
34,926 99
60,358 17
956,585 92

Business in the State of Georgia during the Year.

Risks written Premiums received (gross) Losses paid Losses incurred

F re Risks.
$2,689,579 00 50,118 77 23,688 38 24,842 38

COMPTROLLER-GENERAL'S REPORT.

13 7

PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA, PA.

R. DALE BENSON, President.

W. GARDNER CROWELL, Secretary.

Principal Office, 510 Walnut Street.

W. E. CHAPIN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 400,000 00 $400,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$ 219,500 00

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

:

3. Interest due on all said bond and mortgage loans, $175.00;

interest accrued thereon, $6,103.25 ; total

727,916 66 6,278 25

5. Value of buildings mortgaged (insured for

$601,500.00 as collateral)

$1,616,410 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market
value 11. Total amount loaned on stocks, bonds, and all other secu-
rities (except mortgages) 12. Cash in company's principal office 13. Cash belonging to the company deposited in bank:
Western and Philadelphia 16. Interest due and accrued on collateral loans and un-
collected 17 Cash in hands of agents and in course of transmission..

3,820,319 00
472,200 00 1,474 76
130,670 08
3,538 89 433,122 53

5,815,020 17

Less.

17,436 26

Total assets of the company, actual cash market

value

.$ 5,797,583 91

III.--LIABILITIES.

Losses due and unpaid

$ 14,609 03

Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

160,181 99

Losses resisted, including interest, costs and

other expenses thereon

11,670 00

Total gross amount of claims for losses

186,461 02

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, $1,968,343.54; unearned

premiums (fifty per cent.)

$ 984,171 77

186,461 02

118

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums without any deduction, re-

ceived and receivable upon all uuexpired

fire risks running more than one year from

date of policy, $2,156,112 93 ; unearned pre-

miums (pro rata)

$1,163,537 09

11. Total unearned premiums as computed above (carried

out)

$ 2,147,708 86

12. Net premiums reserve and all other liabilites, except

capital under the life insurance or any other special

department perpetuals

866,315 94

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

3,200,485 82 400,000 00
2,197,098 09

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 5,797,583 91

IV.--INCOME DURING THE YEAR.

5. Total premiums on risk written and renewed

during the year

$3,488,649 94

8. Deduct reinsurance and return premiums . . 995,983 75

9. Net cash actually received for premiums (carried out) .. .$ 10. Received for interest ou bonds and mortgages 11. Received for interests and dividends on stocks and bonds,
collateral loans, and from all other sources 12. Iucome received from all other sources, omitting increase,
if any, in value of securities, viz.: Rents, $6,925.75; transfer, $709.43; total

2,492,666 19 33,309 95 194,069 13
7,635 18

15. Aggregate amount of income actually received during

the year in cash

$ 2,727,680 45

V.--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (includ-

ing $

losses occurring in previous on Fire Ris'.s.

years)

$1,542,530 75

2. Deduct all amounts actually received for sal-

vages (whether ou losses of the last or of

previous year), $

, and all amounts

actually received for reinsurances iu other

companies, $

; total deductions

153,001 93

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)....

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

1,389,528 82
100,000 00 543,486 11
134,500 00

COMPTROLLER-GENERAL'S REPORT.

119

8. Paid for State, national and local taxes in this and other

States

$

9. All other payments and expenditures

65,437 34 87,077 38

Aggregate amount of actual expenditures during

the year in cash

$ 2,320,029 65

Business in the State of Georgia during the Year. Fire Risks.

Risks written

$2,081,378 00

Premiums received (gross)

39,789 51

Losses paid

17,779 95

Losses incurred

-- 18,241 72

XT. S. BRANCH OF THE PrKENIX ASSURANCE COMPANY, LIMITED, OF LONDON, ENGLAND.

A. D. IRVING, Manager.

E. B. CLARK, Assistant Manager.

Principal Office, 47 Cedar Street, New York.

Edgar Dunlap, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock. 1

2. Amount paid up in cash.

INot applicable in United States

3. Amount in notes of the stockholders. | Branch Statement.

These notes are secured as follows: j

II.--ASSETS.

9. Total par and market value of stocks and bonds owned absolutely by the company carried out at market value $ 2,469,341 25

12. Cash in company's principal office

$ 265 21

13. Cash belonging to the company deposited in

bank, viz.: American Exchange National,

New York, N. Y., $11,918.22; American

National, Chicago, 111., $841.77; and in

bonds of U. S. Trustees in New York Life

Insurance and Trust Co., $260,036.18; and

American Exchange National, $3,845.74 ;

total

276,641 91

Total cash items

15. Interest due and accrued on bonds not included in "mar-

ket value" uncollected

17. Cash in hands of agents and in course of transmission..

Reinsurance on losses already paid.



276,907 12
29,042 50 284,841 84
3^351^27

Total assets of the company, actual cash market

value

* 3,063,483 98

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$ 585,283 00

120

COMPTROLLER-GENERAL'S REPORT.

3. Losses resisted, including interest, costs and

other expenses thereon

$ 24,892 00

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

610,175 00 300,621 00

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, $1,885,927.27; unearned premiums

(fifty per cent.)

$ 942,963 63

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,586,419.73; unearned pre-

miums (pro rata), including $695.76 excess

for reinsurance

832,840 46

309,554 00

11. Total unearned premiums as computed above (carried out)
17. Due and accrued for salaries, rent, advertising and for agency and other miscellaneous expenses
19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commissions, brokerage, and other charges due and to become due to agents and brokers.
Return premiums, $23,461.68; reinsurance premiums, $208,152.35; total

1,775,804 09 2,173 72
78,072 59 231,614 03

20. Total amount of all liabilities, except capital stock, scrip ~

and net surplus

2,397,218 43

23. Surplus beyond capital and all other liabilities

666,265 55

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 3,063,483 98

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in course of collec-

tion at close of last previous year, as shown on Fire Risks.

by that year's statement

$ 187,723 45

2. Deduct amount of same not collected

2,316 68

3. Net collected

185,406 77

4. Gross premiums on risks written and renewed

during the year

4,349,033 26

5. Total

4,534,440 03

6. Deduct premiums and bills in course of col-

lection at this date

284,841 84

7. Entire premiums collected during the year.. 4,249,598 19 8. Deduct reinsurance and return premiums... 1,846,096 11

9. Net cash actually received for premiums (carried out). .$ 2,403,502 08

COMPTROLLER-GENERAL'S REPORT.

121

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

-- $ 81,893 22

14. Amount of remittances from home office during

the year

324>375 00

15 Aggregate amount of income actually received during

theyearin cash

$ 2,809,770 30

V.--EXPENDITURES DURING THE YEAR.

Fire Risks.

1. Gross amount actually paid for losses (inclu-

ding $716,936.51 losses occurring in previous

years)

$2,737,717 35

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $11,829.55, and all amounts

actually received for reinsurances in other

companies, $949,323.94; total deductions. 961,153 49

3. Net amount paid during the year for losses

$ 1,776,563 86

6. Paid for commissions or brokerage



491,607 38

7. Paid for salaries, fees and other ^harges of officers, clerks

agents, and all other employees

158,041 24

8. Paid for State, national and local taxes in this and other Sc,<t.at*es
Miscellaneous expenses, viz.: Rents, advertising, print-
ing, maps, surveys, etc 10. Amount sent to home offices during the year

75,' 488 02 ^I'ZIZ 8rf'uw vo

Aggregate amount of actual expenditures during

fheyearincash

$ 2,716,803 72

Business in the State of Georgia during the Year. ^ ^^

R,,.is.ks wri.t..ten

Premiums received (gross) .,

:

LLoosssseess pinaciudrr.e-d

$ p

2,'660,'540,,

00
27

,,Z ,,,, ,,, 3o,474 12

38,'870 31

THE PHENIX FIRE INSURANCE COMPANY OF BROOKLYN, N. Y.

GEO. P. SHELDON, President.

WM. A. WRIGHT, Secretary.

Principal Office, 16 Court Street, Brooklyn.

H. C STOCKDELL, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1 Whole amount of capital stock 2. Amount paid up in cash

* 1,000,000 00 $1,000,000 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)

&b,uuu w b4'buu uu

122

COMPTROLLER-GENERAL'S REPORT.

3. Interest due on all said bond and mortgage loans, $ ;

interest accrued thereon, $1,046 64/ total

$

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements . $ 40,500 00

5. Value of buildings mortgaged (insured for

$77,000.00 as collateral)

87,000 00

1,046 64

6. Total value of said mortgaged premises

(carried inside)

127,500 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value 5,373,519 00

11. Total amount loaned on stocks, bonds and all other

securities (except mortgages)

107,500 00

Total cash items

536,508 38

15. Interest due and accrued on stocks not included in "mar-

ket value " uncollected

4,318 33

17. Premiums in course of collection viz.: Agency balances,

$615,076.62 ; unpaid office premiums, $54,980.01; total . 670,056 63

All other assets, both real and personal, viz.: Rents due

and accrued

4,374 95

Total assets of the company, actual cash market --

value

$ 7,329,923 93

III--LIABILITIES.

2. Gross losses in process of adjustment or-in

suspense, including all reported and sup-

posed losses

$ 295,218 55

3. Losses resisted, including interest, costs and

other expenses thereon

34,373 50

4. Total gross amount of claims for losses . . . 329,592 05

6. Net amount of unpaid losses

$

7. Gross premiums without any deduction, re-

ceived and receivable upon all uuexpired lire risks, running one year or less from

date of policy, $3,019,912.80 ; unearned pre-

miums (fifty per cent.)

$1,509,956 40

8. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired fire risks running more than one year

from date of policy, $5,162,988.19; unearned

premiums (pro rata)

2,717,261 46

329,592 05

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 contested, viz.: Commissions on unpaid office premiums, $8,247.00; return premiums, $1,711.37; and reinsurance, $2,350.77; total

4,227,217 86 2 650 00
12,309 14

COMPTROLLER-GENERAL'S REPORT.

123

20. Total amount of all liabilities, except capital stock, scrip

and net surpl, us



$ 4,571,/69 05

21. Joint stock capital actually paid up in cash

,000, u uu

23. Surplus beyond capital and all other liabilities

l,7o8,i&4

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

* 7,329,9^ 9d

Amount of unearned premiums represented

bv installment notes--being the whole

amount of such notes.

$ 122,394 80

IV.--INCOME DURING THE YEAR. On Fire Risks.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 786,283 20

Less gross agency balances of 1901

740,817 92

3. Net collected

" 45-465 28

4. Gross premiums on risks written and re-

newed during the year

6,985,851 54

5. Total

7>031'316 82

6. Deduct premiums and bills in course of col-

lection at this date

54-9g0 01

7. Entire premiums collected during the year . 6,976,336 81 8. Deduct reinsurance and return premiums . 1,359,7)4 52

9. Net cash actually'received for premiums (carried out) . $5,616,622 29

10. Received for interest on bonds and mortgages

d.dzd bo

11. Received for interests and dividends on stocks and bonds, collateral loans, and from all other sources

162,688 bi

12. Income received from all other sources, omitting increase, if any, in value of securities, viz.: Rents, $37,285.68; net profit on sale or maturity of securities $120,042.14;
total

157'327 ^

15. Aggregate amount of income actually received during

the year in cash

* *' '

V.--EXPENDITURES DURING THE YEAR. On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $239,376.52 losses occurring.in pre-

vious yLeoar,s^)

$w^3',542,375 69

2. Deduct all amounts actually received for

salvages (whether on'losses of the last or of

previous year), $16,049.34; and all amounts

actually received for reinsurances in other companies, $287,617.82; total deductions 303,667 16

3. Net amount paid during the year for losses

$3,238,708

124

COMPTROLLER-GENERAL'S REPORT.

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year) . . $ 100,000 00

6. Paid for commissions or brokerage

1 151562 45

7. Paid for salaries, fees and other charges of officers,

clerks, agents, and all other employees

.' 366 286 45

8. Paid for State, national and local taxes in this and other

Q9. AA1lfl toat*heeSr payments and expenditures, viz. : Rents, $40,- 116,967 30

482.84; repairs and expenses on real estate, $14,241,93;

furniture and fixtures, $16,179.43; postage, express',

telegrams, exchange, etc., $45,879.24 ; printing, station-

ery and advertising, $56,210.87; traveling expenses,

$75,957.16; legal expenses, $2,760.93; miscellaneous,

$208'le0-30

459,872 70

Aggregate amount of actual expenditures during

the year in cash

. $ 5,433,397 43

Business in the State of Georgia during the Year.

xR,.isk, s wri..t.ten

$

Fire
6219

Risks.^

Premiums received (gross) Lossespaid.

" ' "

147 063 37

^

2

Losses incurred

56,490 02

PHCENIX INSURANCE COMPANY OF HARTFORD, CONN.

D. W. C. SKILTON, President.

EDWARD MILLIGAN, Secretary.

C. C. HATCHER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL, STOCK.

1. Amount of capital paid up in

casn

$2,000,000 00

Amount of ledger assets (as per balance)

December 31, 1901

$

Extended at

4,391,403 91
$

4,391,403 91

II.--INCOME.

As shown by the books at home office at close of business December 31, 1902.

1. Gross premiums

On Fire Risks.
$ 4,082,629 55

2. Deduct reinsurance, rebate, abatement

and return premiums

668,240 49

3. Total premiums (other than perpetuals) . . ~T7~. . . . $

5. Interest on mortgage loans

$ 4 800 05

6. Interest on collateral loans

607 40

7. Interest on bonds and dividends on stocks. 266,750 12

9. Gross rents from company's property . . . 19,211 51

3,414,389 06

10. Total interest and rents

TTTVTTT

11. Profit on sale or maturity of ledger assets

291 369 08 9612 09

13. Total income

$ 3,715,370 23

COMPTROLLER-GENERAL'S REPORT.

125

III.--DISBURSEMENTS.

As shown by the books at home office at close of business December 31,1902.
On Fire Risks.

1. Gross amount paid for losses (including $385,502.44 occurring in previous years) . . . $1,923,618 76

2. Deduct amount received for salvage, $10,118.73; and for reinsurance in other com-

panies, $86,603.91 ..'.

. 96,722 64

Net amount paid for losses

$ 1,826,896 12

Paid stockholders for interest or dividends (amount

declared during the year) Commissions or brokerage

240,000 00 660,446 75

Salaries, fees, and all other charges of officers, clerks,

agents and other employees.

188,00208

10. Rents 11. Repairs and expenses (other than taxes) on real estate .

12. Taxes on real estate

...'.

13. All other taxes, licenses and insurance department fees . 14. Loss on sale or maturity of ledger assets.

15. All other disbursements: Advertising, printing and sta-

tionery, $17,837.05; legal expense, $5,196.48; miscel-

laneous expense, $269,515.42

11,556 35 5,481 16 5,152 04 110,873 10 22,205 55
292,548 95

Total disbursements

$ 3,363,162 10

IV.--LEDGER ASSETS.

Book value of real estate unincumbered

$ 393,659 53

Mortgage loans on real estate

88,036 75

Loans secured by pledge of bonds, stocks or other collat-
erals Book value of bonds, excluding interest, $1,641,290.02,

34.00 00

and stocks, $1,929,286.50. .

3,570,576 52

Cash in company's office, $8,548.63 ; deposited in bank:

Hartford National Bank, Hartford, $230,931.34 ; Hart-

ford Trust Co., $25 000.00; Atlantic Trust Company,

New York, $77,092.86; Wells, Fargo & Co.'s Bank,

San Francisco, California, $1,854 74; total ....". 343,430 57

Agents' balances representing business written subse-

quent to October 1, 1902

308,804 13

Agents' balances representing business written prior to October 1, 1902

r>'104 54

11 , Total ledger assets

NON-LEDGER ASSETS.

4,743,612 04

12 .. Interest due, $108.50, and accrued, $1,978,44,

on mortgages

$

13 . I nterest due, $

, and accrued, $32,717.33,

on bonds and stocks

11 . Interest due, I

, and accrued, $509.00, on

collateral loans

2.086 94 82,717 83
509 00

126

COMPTROLLER-GENERAL'S REPORT.

15. Interest due, $

, and accrued, $2,112.50,

on other assets

$

16. Rents due, $3,270.50, and accrued $1,207.96,

on company's property or lease

2,112 50 4,478 46

41,904 23

17. Total 18. Market value of real estate over book value 19. Market value of bonds and stocks over book value ... 20. Other non-ledger assets, viz.: Gross premiums in course
of collection which have not been carried to ledger account Reinsurance due from other companies on losses paid .

4,785,516 27 22,036 79
1,268,663 73
423,809 00 2,690 89

21. Gross assets . .

6,502,716 68

DEDUCT ASSETS NOT ADMITTED.
4. Agents' balances, representing business written prior to October 1, 1902

5,104 54

9. Total admitted assets. .

$ 6,497,612 14

v.--LIABILITIES.

1. Gross losses adjusted and unpaid

$ 57,828 00

2. Gross claims for losses in process of adjust-

ment, or iu suspense, including all re-

ported and supposed losses

326,019 48

3. Gross claims for losses resisted

27,001 67

4- Total

410,849 15

5. Deduct reinsurance due or accrued .... 14,419 55

6. Net amount of unpaid losses and claims

$ 396,429 60

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 pre-

miums on perpetual fire risks, $2,432,023.55;

unearned premiums (fifty per cent.) . . . $1,216,011 78

8. Gross premiums (less reinsurance) re-

ceived and receivable upon all unexpired

fire risks, running more than one year

from date of policy, $2,683,307.31; un-

earned premiums (pro rata)

1,419,202 53

12. Total unearned premiums as computed above 20. Commissions, brokerage and other charges due or to be-
come due to agents and brokers 21. Return premiums, $40,518.00; reinsurance premiums,
$14,111.00; total

2,635 214 31 73 416 00
54i629 QQ

24. Total amount of all liabilities except capital

3,159,688 91

25. Capital actually paid up in cash

$2,000,000 00

26. Surplus over all liabilities

1,337,923 23

27. Surplus as regards policy-holders

3 337 923 23

28. Total liabilities

$ 6,497,612 14

COMPTROLLER-GENERAL'S REPORT.

127

Business in Georgia during 1902.
Risks written Premiums received Losses paid Losses incurred

Fire Risks.
$ 4.83>504 00 67,209 30 35>548 41 40,141 11

QUEEN INSURANCE COMPANY OF AMERICA, OF NEW YORK, N. Y.

EDWABD F. BEDDALL, President.

NEVETT 8. BARTOW, Secretary.

GEORGE W. BURCHELL, Vice-President.

Principal Office, 43 Cedar Street, New York City.

S. Y. TUPPER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 500,000 00 % 500,000 00

II.--ASSETS.

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 .... $ 150,000 00

5. Value of buildings mortgaged (insured for

$15,000.00 as collateral)

15,000 00

60,000 00

6. Total value of said mortgaged premises (car-

ried inside)

* lti5>000 00

9. Total par and market value of stocks and bonds owned ab-

solutely by the company, carried out at market value . $ 4,909,172 03

12. Cash in company's principal office

$ 5,792 47

13. Cash belonging to the company deposited in

bank: Farmers'Loan & Trust Co., New

York, $50,000.00 ; Commerce Exchange

Bank, $64,709.60; Royal Trust Co., Chicago,

111 , $11,772.33; Atlanta National Bank,

Atlanta, Ga., S7,086.69 ; First National of

San Francisco, 8,866.77; Royal Bank of

Canada, Montreal, $2,022.77; Dominion

Bank, Montreal, $13,135.51; Bank of Brit-

ish North America, Halifax, $2,985.05: total 160,578 72

Total cash items 15. Interest due and accrued on stocks not included in "mar-
ket value" uncollected 16 Interest due and accrued on bank balances
17. Cash in hands of agents and in course of transmission not more than three month due

16t!-371 19
63^ 4; '"4 0/
o25,8S/ 61

128

COMPTROLLER-GENERAL'S REPORT.

18. Bills receivable, not matured

$

10 50

Reinsurance on losses already paid

86 76

Total assets of the company, actual cash market

value

$ 5,725,775 84

III.--LIABILITIES.

1. Losses due and unpaid

$ 215,564 10

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

129,390 32

3. Losses resisted, including interest, costs and

other expenses thereon

62,886 00

4. Total gross amount of claims for losses . . . 437,840 42

5. Deduct reinsurance thereon

187,620 10

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, $2,103,524.24; unearned pre-

miums (fifty percent.)

$1,051,762 12

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $2,039,017.83 ; unearned pre-

miums (pro rata)

1,130,176 44

250,220 32

11. Total unearned premiums as computed above (carried out) 2,181,938 58

17. Due and accrued for salaries, rent, advertising and for

agency and other miscellaneous expenses

9 264 62

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz. : Taxes, $41,816.65; commissions, $106,-

181 30; return premiums, $78,739.69; reinsurances,

$21,654.00 ; premiums paid in advance, $407.22 ; total . 248,798 86

20. Total amount of all liabilities except capital stock, scrip-

and net surplus

2 690 22 36

21. Joint stock capital actually paid up in cash

500,000 00

23. Surplus beyond capital and all other liabilities . .... 2,535*55348

24. Aggregate amount of all liabilities, including capita*-~

paid up and net surplus

$ 5,725,775 84

IV.--INCOME DURING THE YEAR. I1. Gn ross premiums and,,b.il,l,s.in course of collec- 0l1 Fire Risks.

tion at close of last previous year, as shown

by that year's statement

$ 409 243 72

2. Add amount collected 1902 deducted in pre-

vious year statements

50 77

3. Net collected

429 294 49

4. Gross premiums on risks written and renewed

during the year

3,787,560 77

5- Total

1^216,855 ~26

COMPTROLLER-GENERAL'S REPORT.

129

6. Deduct premiums and bills in course of col-

lection at this date

$ 529,100 48

7. Entire premiums collected during the year . 3,687,754 78 8. Deduct reinsurance and return premiums . 815,479 06

2,872,275 72

Less 1902 premiums collected in 1901, $1,-

806.31; less 1903 premiums collected in 1902,

$407.22

1,399 09

9. Net cash actually received for premiums (carried out) . .$ 2,870,876 63

11. Received for interests and dividends on stocks and bonds,

collateral loans and from all other sources

161,028 80

12. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Rents, $6,228.91;

profit on sale or maturity of ledger assets during the

year, book values, $190,288.21

196,517 12

15. Aggregate amount of income actually received during

the year in cash

$ 3,228,422 55

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.
1. Gross amount actually paid for losses (including $186,342.93, losses occurring in pre-

vious years)

$1,664,679 83

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $13,280.00, and all

amounts actually received for reinsur-

ances in other companies, $121,84793; total

deductions

135,127 93

3. Net amount paid during the year for losses

$ 1,529,551 90

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year) . . 100,000 00

6. Paid for commissions or brokerage

51 jj g89 68

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

202,447 14

8. Paid for State, national and local taxes in this and other

States

60,582 09

9. All other payments and expenditures, viz.: General ex-

penses, $148,709.79; rents, $25,587.08

174,296 87

Amount written off ledger assets to profit and loss ac-

count, bonds

93,269 90

Aggregate amount of actual expenditures during

the year in cash

$ 2,679,037 58

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

% 7,743,461 00

Premiums received (gross)

86,693 07

Losses paid

36,268 03

Losses incurred
9 in

36,832 03

130

COMPTROLLER-GENERAL'S REPORT.

THE ROCHESTER GERMAN FIRE INSURANCE COMPANY OF ROCHESTER, N. Y.

HON. FREDERICK COOK, President.

H. F. ATWOOD, Secretary.

Principal Office, Corner West Main and Irving Place. Louis FOX, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 200,000 00 $ 200,000 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

Jirst liens on the fee simple)

3. Interest due on all said bond and mortgage loans, $917.68;

interest accrued thereon, $5,860.55; total

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements .... $ 355,560 00

5. Value of buildings mortgaged (insured for

$364,360.00 as collateral)

430,750 00

211,498 03 370,577 71
6,778 23

6. Total value of said mortgaged premises (car-

ried inside)

786,310 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

12. Cash in company's principal office

$ 1,057 65

13. Cash belonging to the company deposited in

bank, viz.: German American Bank . . 167,110 11

547,150 00

Total cash items
15. Interest due and accrued on stocks not included in "market value" uncollected

168,167 76 4 204 IS

17. Cash in hands of agents and in course of transmission . 153,617 72

Total assets of the company, actual cash market

value

$ 1,461,993 63

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

17,155 21
73,177 77 15,152 48

4. Total gross amount of claims for losses. . . 105,485 46

5. Deduct reinsurance thereon

25,327 88

6. Net amount of unpaid losses

$

80 157 58

COMPTROLLER-GENERAL'S REPORT.

131

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are risks running one year or less from

date of policy, $642,321.72 ; unearned pre-

miums (fifty per cent.)

$ 321,160 86

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $578,883.43; unearned pre-

miums (pro rata)

330,742 46

11. Total unearned premiums as computed above (carried

out)

$ 651,903 32

19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commissions, etc., due agents

38,842 18

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

770,903 08 200,000 00 491,090 55

24. Aggregate amount of liabilities, including capital paid

up and net surplus

$ 1,461,993 63

IV.--INCOME DURING THE YEAR.

Fire Risks.

1. Gross premiums and bills in course of collec-

tion at close of last previous year, as shown

by that year's statement

$ 117,481 09

3. Net collected

117,481 09

4. Gross premiums on risks written and re-

newed during the year

1,307,782 20

5. Total

1,425,263 29

6. Deduct premiums and bills in course of col-

lection at this date

153,617 72

7. Entire premiums collected during the year. 1,271,645 57 8. Deduct reinsurance and return premiums . 421,301 62

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, $10,093.98; commission profit from local office, $7,000.00; profit on sale or maturity of ledger assets, $2,572.56; total . . .

15. Aggregate amount of income actually received during

the year in cash . . *

$

850,343 95 17,654 31 26,592 27
19,666 54 914,257 07

132

COMPTROLLER-GENERAL'S REPORT.

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.
1. Gross amount actually paid for losses (includ-

ing $86,901.41 losses occurring in previous

years)

$ 566,023 61

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $1,904.79; and all amounts

actually received for reinsurances in other

companies, $139,267.51; total deductions . 141,172 30

3. Net amount paid during the year for losses

*

i. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year). . .

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers,

clerks, agents and all other employees

8. Paid for State, national and local taxes in this and other

States



9. All other payments and expenditures, viz.: Expenses,

$54,294.29; printing and stationery, 15,699.49; loss on

sale or maturity ot ledger assets, 11,485.07; total . . .

424,851 31 20,000 00 223,011 23 32,141 98 22,113 91
61,478 85

Aggregate amount of actual expenditures during

the year in cash

$ 783,597 28

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

$ 1,349,775 00

Premiums received (gross)

26,995 52

Losses paid

7,636 45

Losses incurred

9,596 96

IT. S. BRANCH OF THE ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL, ENGLAND.

Chief Office in the United States, 50 Wall St., 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 incumbrances thereon)

$ 1,421,012 62

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

884,000 00

3. Interest due on all said bond and mortgage loans, $ ;

interest accrued thereon

5,304 58

5. Value of buildings mortgaged (insured for

$289,000 as collateral)

$1,308,000 00

9. Total par and market value of stocks arid bonds owned

absolutely by the company, carried out at market value 3,600,104 08

COMPTROLLER-GENERAL'S REPORT.

133

12. Cash in company's principal office

$ 1,922 52

Cash in branch offices

2,147 55

13. Cash belonging to the company deposited in

bank

725.321 42

Total cash items

* 729,391 49

15. Interest. due and accrued on stocks not included in

" market value " uncollected

.'

41,678 31

17. Cash in hands of agents and in course of transmission. . 1,034,049 01

All other assets, both real and personal, viz.: Rents due

and accrued, $4,687.62; due from other companies for reinsurance on losses already paid : Palatine Insurance

Co., of Stockholm, Sweden, $26,658.04; American Cen-

tral Insurance Co., of St. Louis, Mo., $5,010.09 ; amount

receivable under perpetual policies, $919.26; other as-

sets, $20.00; total

37,295 01

Total assets of the company, actual cash market

value

* 7,752,835 10

III.--LIABILITIES.

1. Losses due and unpaid

$ 47,899 81

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

680,814 60

3. Losses resisted, including interest, costs and

other expenses thereon

101,760 78

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

830,475 19 414,750 61

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 $3,354,839.77 ; unearned pre-

miums (fifty per cent.)

$1,677,419 88

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $4,599,204.87 ; unearned pre-

miums (pro rata)

2,445,298 62

9. Gross premiums, without any deduction (in-

cluding both cash and bills), received and

receivable upon all unexpired inland navi-

gation and marine risks, $

; ex-

cess of original premiums over amounts re-

ceived for reinsurance, $101,110.12; un-

earned premiums

35,415 81

415,724 58

11. Total unearned premiums as computed above(carried out) 12. Net premiums reserve and all other liabilities, except
capital under the life insurance or any other special de-
partment

4,158,134 31 ^.583 33

131

COMPTROLLER-GENERAL'S REPORT.

17. Due and accrued for salaries, rent, advertising and for

agency and other miscellaneous expenses

$

18. Amount of borrowed money, $

; amount re-

deemable by the insured on perpetual Are insurance

policies being 85-05 per cent, of the premium on deposit

received

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions due and to become due,

$138,181.27; return premiums, $102,039.98 ; reinsurance

premiums, $143,842.00; total

49,300 06 ,
198,531 67
384,063 25

oO. Total amount of all liabilities, except capital stock, scrip, and net surplus
23. Surplus beyond capital and all other liabilities

5,306,338 10 2,446,497 00

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 7,752,835 10

IV.--INCOME 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 year's statement

$ 861,672 59

2. Deduct amount of same not collected

1,148 27

3. Net collected

860,524 32

4. Gross premiums on risks written and renewed

duringthe year

7,653,286 63

5. Total

8,513,810 95

6. Deduct premiums and bills in course ef col-

lection at this date

1,052,821 07

7. Entire premiums collected during the year. . 7,460,989 88 8. Deduct reinsurance and return premiums.... 2,715,741 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

4,745.248 79 21,375 00
145,664 54

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents,

14. Amount of remittances from home office dur-

ing the year

$ 748,851 02

60,634 49

15. Aggregate amount of income actually received during

the year in cash

$ 4,972,922 82

-EXPENDITURES DURING THE YEAR.

On Fire Risks.

Gross amount actually paid for losses (in-

cluding $669,226.02, losses occurring in pre-

vious years)

$3,605,994 80

COMPTROLLER-GENERAL'S REPORT.

135

2. Deduct all amounts actually received for salvages (whether on losses of the last or of previous year), $27,926.15, and all amounts actually received for reinsurances in other companies, $1,022,042.06; total deductions.$1,049,968 21

3. Net amount paid during the year for losses

$

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other .charges of officers,

clerks, agents, and all other employees

8. Paid for State, national and local taxes in this and other

States 9. All other payments and expenditures, viz.: Rents, print-

ing, stationery, traveling, legd, and all other expenses

10. Amount sent to home offices during the year $1,383,334 33

2,556,026 59 830,703 18
383,663 81
127,880 14 317,354 88

Aggregate amount of actual expenditures during

the year in cash

$ 4,215,628 60

Business in the Slate of Georgia during the Year.
Fire Risks.

Risks written

$ 5,976,585 39

Premiums received (gross)

75,577 92

Losses paid

29,629 65

Losses incurred

24,104 65

SCOTTISH UNION NATIONAL INSURANCE COMPANY OF EDINBURGH, SCOTLAND.

JAS. H. BRBWSTER, Manager. Principal Office, 36 Pearl Street, Hartford, Conn. EDGAR DUNLAP, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock 2. Amount paid up in cash

$ 30,000,000 00 $1,500,000 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, $9,-

176.58 ; interest accrued thereon, $4,384.89 ; total

4. Value of lands mortgaged, exclusive of buildings and perishable improvements. .$ 864,510 00

5. Value of buildings mortgaged (insured for

$1,051,000.00 as collateral)

1,367,850 00

270,589 53 984,821 41
13,561 47

6. Total value of said mortgaged premises (car-

ried inside)

2,232,360 00

136

COMPTROLLER-GENERAL'S REPORT.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

$ 2,361,089 73

11. Total amount loaned on stocks and bonds and all other

securities (except mortgages)

2,600 00

12. Cash in company's principal office

$ 500 00

13. Cash belonging to the company deposited in

bank

402,656 85

Total cash items

15. Interest due and accrued on stocks not included in "mar-

ket value " uncollected

16. Interest due and accrued on collateral loans and uncol-

lected

;

17. Cash in hands of agents and in course of transmission..

403,156 85
26,895 49
596 23 521,323 02

Total assets of the company, actual cash market

value

| 4,584,633 73

III.--LIABILITIES.

1. Losses unpaid, adjusted and not due $ 62,374 18 2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

315,141 36

3. Losses resisted, including interest, costs and

other expenses thereon

32,445 34

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

409,960 88 162,301 45

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, $1,511,525.62; unearned premi-

ums (fifty per cent.)

$ 755,762 81

8. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,832,316.80; unearned

premiums (pro rata)

948,542 27

247,659 43

11. Total unearned premiums as computed above (carried out)
19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commissions, brokerage and other charges.
Return premiums, $59,854.05; reinsurance, $111,649.08;
total
20. Total amount of all liabilities, except capital stock, scrip, and net surplus
23. Surplus beyond capital and all other liabilities

1,704,305 08
76,608 10 248,111 23 2,200 075 74 2,'384,'557 99

24. Aggregate amount of all liabilities, including capital ~

paid up and net surplus

$ 4,584,633 7 3

COMPTROLLER-GENERAL'S REPORT.

137

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in course of collec- On Fire Risks.

tion at close of last previous year, as shown

by that year's statement

$ 330,384 06

3. Netcollected

330,384 06

4. Gross premiums on risks written and re-

newed during the year

3,789,569 47

5. Total

4,119,953 53

6. Deduct premiums and bills in course of col-

lection at this date

321,580 78 *

7. Entire premiums collected during the year.. 3,798,372 75

8. Deduct reinsurance and return premiums.. 1,862,760 31

9. Net cash actually received for premiums (carried out). .$ 1,935,612 44

10. Received for interest on bonds and mortgages

46,657 94

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

85,522 65

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents

23,158 63

15. Aggregate amount of income actually received during

the year in cash

$ 2,090,951 66

V.--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (inclu- Fire Risks.

ding$392,027.86 losses occurring in previous

years)

$2,097,067 18

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $6,297.18; and all amounts

actually received for reinsurances in other

companies, $910,921.82; total deductions. . 917,219 00

3. Net amount paid during the year for losses

$ 1,179,848 18

6. Paid for commissions or brokerage

401,906 64

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

100,28* 35

8. Paid for State, national and local taxes in this and other

States



9. All other payments and expenditures, viz.: Rents, $8,-

84,076 54

898.15; repairs and expenses on real estate, $16,48167 ;

general and agency expense, $120,988.23 ; loss on sale

assets, $8,022.85: total



154,390 90

10 Amount sent to home offices during the year.S 3,478 97_

Aggregate amount of actual expenditures during

the yearin cash

$ 1,920,509 61

138

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the Year.

Risks written

Fire Kisks
$2,440,222 00

Premiums received (gross)

29 315 73

Losses paid

'' " ' 9,102 83

Losses incurred

24 4y0 66

SOUTHERN MUTUAL FIRE INSURANCE COMPANY, OF ATHENS, GEORGIA.

W. W. THOMAS, President.

A. E. GRIFFITH, Secretary.

Principal Office, 102 and 104 College Avenue.

I.--CAPITAL.

This is a mutual company, having no capital stock. Its

assets, at present market value, amount to

$ 1,038,228 48

II.--ASSETS.
1. Market value of real estate owned by the company (less the amount of incumbrances thereon)
9. Total par and market value of stocks and bonds owned absolutely by the company, carried out at market value
13. Cash belonging to the company deposited in Bank of the University
17. Cash in hands of agents and in course of transmission....

20,000 00
991,370 00
21>645 94
5,212 54

Total assets of the company, actual cash market

value

$ 1,038,228 48

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

9,073 70

6. Net amount of unpaid losses

$

7. Gross premiums, without any deduction, received and re-

ceivable upon all unexpired fire risks running one year

or less from date of policy, $283,791.59; unearned

premiums (fifty per cent.)

9,073 70 141,895 79

20. Total amount of liabilities, except capital stock, scrip, and net surplus
22. Scrip outstanding

150,969 49 114 802 08

23. Surplus beyond capital and all other liabilities

772,456 91

24. Aggregate amount of all liabilities, including capital ~~

paid up and net surplus

if 1,038,22S 48

IV.--INCOME DIRING THE YEAR.

On Fire Risks.
7. Entire premiums collected during the year. .$ 287,595 99

8. Deduct return premiums

3,804 40

9. Net cash actually received for premiums (carried out).. $ 283,791 59

COMPTROLLER-GENERAL'S REPORT.

139

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

$

32,932 50 316,724 09

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

^. Gross amount actually paid for losses (includ-

ing $1,942.66, losses occurring in previous

years)

$ 62,091 56

3. Net amount paid during the year for losses

$

5. Scrip or certificate 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 employees

8. Paid for State, national and local taxes in this and other

States 9. All other payments and expenditures, viz.: Expense ac-

count, $1,991.99; profit and loss, $478.18; total

Aggregate amount of actual expenditures during

the year in cash

I

62,091 56 176,499 50 42,56(
14,575 00
9.80706 2'470 17
308,010 60

Business in the State of Georgia during the Year. Fire Risks.

Risks written Premiums received (gross)
Losses paid Losses incurred

* 27,218,672 00
283,791 59 62-091 56 69.222 60

SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD, MASS.

A. W. DAMON, President.

W. J. MACKAY, Secretary.

Principal Office, 292 Main Street.

C. L. STONEY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 2,000,000 00 $2,000,000 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

227,500 00 553,650 00
13,545 91

140

COMPTROLLER-GENERAL'S REPORT.

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements . .$ 382,000 00

5. Value of buildings mortgaged (insured for

$672,475.00 as collateral)

659,200 00

6. Total value of said mortgaged premises (car-

ried inside)

,

1,041,200 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

^ value. . .

$ 4,351,150 00

11. Total amount loaned on stocks, bonds and all other

securities (except mortgages)

21,375 00

12. Cash in company's principal office

$ 4,171 01

13. Cash belonging to the company deposited in

bank: John Hancock National, Spring-

field, $34,182.53; Agawam National, $30,-

389.08 ; Third National, $252,271.44 ; total. 316,843 05

Total cash items 15. Interest due and accrued on stocks not included in "mar-
ket value " uncollected 16. Interest due and accrued on collateral loans and uncol-
lected
17. Cash in hands of agents and in course of transmission . All other assets, both real and personal, viz.: Rents due and accrued

321,014 06
30,217 00
534 37 634,893 91
511 59

Total assets of the company, actual cash market

value

,

$ 6,154,391 84

III.--LIABILITIES.

1. Losses due and unpaid

$ 45,165 38

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

319,698 75

3. Losses resisted, including interest, costs and

other expenses thereon

34,708 32

4. Total gross amount of claims for losses . . . 399,572 45

5. Deduct reinsurance thereon

110,883 44

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, $2,185,663.40; unearned pre-

miums (fifty per cent.)

1,092,831 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, $2,074,552.63; unearned

premiums (pro rata)

1,133,821 85

288,689 01

11. Total unearned premiums as computed above (carried

out)

2,226,653 55

COMPTROLLER-GENERAL'S REPORT,

HI

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions due on premiums in hands

of agents

$

126,978 78

20. Total amount of all liabilities, except capital stock, scrip,

and net surplus



21. Joint stock capital actually paid up iu cash

23. Surplus beyond capital and all other liabilities ....

2,642,321 34 2,000,000 00 1,512,070 50

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 6,154,391 84

IV.--INCOME DURING THE YEAR.

On Fire Risks.

I. Gross premiums and bills in course of collec-

tion at close of last previous year, as shown

by that year's statement

$ 543,336 02

3. Net collected

543,336 02

4. Gross premiums on risks written and renewed

during the year

4,147,138 83

5. Total

4,690,474 85

6. Deduct premiums and bills in course of col- -

lection at this date

634,893 91

7. Entire premiums collected during the year. 4,055,580 94 8. Deduct reinsurance and return premiums . . 1,145,020 29

9. Net cash actually received for premiums (carried out) . $ 2,910,560 65

10. Received for iuterest on bonds and mortgages

27,308 66

II. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

158,358 80

12. Income received from all other sources, omitting increase, if any, in value of securities, viz.: Rents

6,467 57

15 Asrereo-ate amount of income actually received during

' the year in cash



* 3,102,695 68

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (inclu-

ding $386,274.82 losses occurring in previous

years)

$2,024,791 58

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $4,864.32; and all amounts

actually received for reinsurances in other

companies, $314,816.48 ; total deductions . 319,680 80

3. Net amount paid during the year for losses

$ 1,705,110 78

4. Cash dividends actually paid stockholders (amount of

stockholder's dividends declared during the year) . . 200,000 00

6. Paid for commissions or brokerage

570,247 73

142

COMPTROLLER-GENERAL'S REPORT.

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

$

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Office and

agency, incidental, legal, traveling, and all other ex-

penses

133,891 72 106,796 37
275,181 16

Aggregate amount of actual expenditures during

the year in cash

$ 2,991,227 76

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

$1,320,841 00

Premiums received (gross)

,

25,452 49

Losses paid

16,549 69

Losses incurred

16,658 77

THE ST. PAUL FIRE AND MARINE INSURANCE COMPANY OF ST. PAUL, MINN.

C. H. BIGBLOW, President.

A. W. PERKY, Secretary.

J. L. RILEY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL, STOCK.

1. Amount of capital paid up in cash $500,000 00

Amount of ledger assets (as per balance),

December 31, of previous year

i $3,003,314 01

Extended at

$ 3,003,314 01

II.--INCOME.

I\re.

Marine and Inland.

1. Gross premiums

$2,675,696 49 $ 615,241 97

2. Deduct reinsurance, rebate,

abatement, and return pre-

miums

445,431 64 229,950 96

3. Total premiums (other than

perpetuals)

2,230,264 85

5. Interest on mortgage loans

6. Interest on collateral loaus

7. Interest on bonds and dividends on stocks.

8. Interest from all other sources

9. Gross rents from company's property, in-

cluding $5,520.00 for company's own

occupancy

I

385,291 01 $ 2,615,555 86 25,450 71 3,426 78 70,026 86 9,638 67
43,717 59

10. Total interest and rents 11. Profit on sale or maturity of ledger assets . .

152,260 61 40,035 39

13. Total income

$ 2,807,851 86

COMPTROLLER-GENERAL'S REPORT.

143

III.-- DISBUBSEMENTS.

Fire.
Gross amount paid for losses

Marine and Inland.

(including $238,029.30 occur-

ring in previous years) . . . $1,327,276 55 $ 496,183 96

2. Deduct amounts received for

salvage, $18,508.46; and for

reinsurance in other compa-

nies, $331,002.36

117,930 03 231,580 79

Net amount paid for losses . . 1,209,346 52 264,603 17 $ 1,473,949 69

Paid stockholders for interest or dividends (amount de-

clared during the year)

50,000 00

Commissions or brokerage

620,698 27

Salaries, fees and all other charges of officers, clerks,

agents and other employees

97,140 47

10. Rents, including $5,520.00 for company's own occupancy..

5,520 00

11. Repairs and expenses (other than taxes) on real estate .

17,603 16

12, Taxes on real estate

7,375 87

13. All other taxes, licenses and insurance department fees.

55,687 71

11. Loss on sale or maturity of ledger assets

21,508 04

15. All other disbursements, viz.: General operating ex-

penses, $127,937.25 ; postage, 19,331.17; internal revenue,

$213.39; total

137,481 81

16. Total disbursements

$ 2,486,965 02

IV.--LEDGEB ASSETS.

1. Book value of real estate, unincumbered

$

2. Mortgage loans on real estate, first liens

3. Loans secured by pledge of bonds, stocks or other col-

laterals

4. Book value of bonds, excluding interest, $1,483,482.60;

and stocks, $393,909.15

5. Cash in company's office, $10,401.49 ; deposited in bank :

$190,011.49

6. Agents' balances representing business written sub-

sequent to October 1, 1902

7. Agents' balances representing business written prior to

October 1, 1902

8. Bills receivable, not matured, taken for marine and in-

land risks

10. Other ledger assets, viz.: Due from reinsuring com-

panies

538,174 66 403,922,11 50,580 94 1,877,391 75 206,412 98 217,256 78
1,299 21 15,958 15 13,204 27

11. Total ledger assets

- 3,324,20u 85

DEDUCT ASSETS KOT ADMITTED.
4. Agents' balances, representing business written prior to October 1, 1902

1,299 21

Total admitted assets

$ 3,322,901 61

144

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

1. Gross losses adjusted and unpaid, not yet due $ 62,268 97

2. Gross claims for losses in process of adjust-

ment or In suspense, including all re-

ported and supposed losses

167,810 26

Gross claims for losses resisted

17,712 07

Total Deduct reinsurance due or accrued

247,791 30 21,077 25

Net amount of unpaid losses and claims

$ 226,714 05

Gross premiums (less reinsurance), re-

ceived and receivable upon all unexpired

fire risks running one. year or less from



date of policy, including interest premiums

on perpetual fire risks, $1,185,410.85; un-

earned premiums (fifty per cent.) .... $ 592,705 42

Gross premiums (less reinsurance), received

and receivable upon all unexpired fire

risks, running more than one year from

date of policy, $1,819,792.34; unearned pre-

miums (pro rata)

1,020,303 15

Gross premiums (less reinsurance) (cash and

bills) received and receivable upon all un-

expired inland navigation risks, $174,753.16;

unearned premiums (fifty per cent.) . . . 87,376 58

12. Total unearned premiums as computed above

24. Total amount of all liabilities, except capital . . ...

25. Capital actually paid up in cash

$ 500,000 00

26. Surplus over all liabilities

897,101 65

1,700,385 15 1,927,099 20

27. Surplus as regards policy-holders

1,397,101 65

28. Total liabilities

$ S.^l^OO 85

Business in the State of Georgia during the Year.

Risks written
Premiums received Losses paid
Losses incurred

Fire Risks

Marine and In-' land Risks. Aggregate.

$2,846,072 00 $ 18,414 00 $ 2,864,486 00

42,336 96

.

i8;902 22

20 250 68

101 14

42 438 10
18,902 22 20,250 68

COMPTROLLER-GENERAL'S REPORT.

145

THE U. S. BRANCH SUN INSURANCE OFFICE OF LONDON, ENG.

J. J. GUILE, U. S. Manager. Principal Office in United States, 54 Pine St., New York, N. Y.
A. B. ANDREWS, Atlanta, Attorney for Service in Georgia.

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, $1,850.83; total

4. Value of lands mortgaged, exclusive of buildings and

perishable improvements.

$ 148,000 00

5. Value of buildings mortgaged (insured for

$127,000.00 as collateral)

140,000 00

250,000 00 188,000 00
1,850 83

6. Total value of said mortgaged premises (car-

ried inside)

288,000 00

9. Total par and market value of stocks and bonds owned absolutely by the company, carried out at market value

12. Cash in company's principal office

13. Cash belonging to tbe company deposited in bank . . .

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. All other assets, both real and personal, viz.: Rents due

and accrued

1,819,983 75 301 23
268,867 70
20,953 12 350,865 57
1,316 67

Total assets of the company, actual cash market

value

$ 2,902,198 87

III.-- LIABILITIES.

1. Losses due and unpaid

$ 57,151,66

2. Gross losses in process of adjustment or in sus pense, including all reported and supposed

losses

109,266 22

3. Losses resisted, including interest, costs and

other expenses thereon

24,796 33

4. Total gross amount of claims for losses. . . 191,214 21

5. Deduct reinsurance thereon

12,074 63

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, $1,400,532.35; unearned premiums

(fifty per cent.)

%

10 in

$ 700,266 17

179,139 58

146

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums, without any deduction, re-

ceived and receivable upon all uuexpired

fire risks running more than one year from

date of policy, $1,842,809.34; unearned pre-

miums (pro rata)

$ 977,299 47

11. Total unearned premiums as computed above (carried

out)

$ 1,677,565 64

17. Due and accrued for salaries, rent, advertising and for

agency and other miscellaneous expenses



1,783 94

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and

contested, viz.: Taxes and assessment, 13,305.02 ; com-

missions, etc., due to agents and brokers, $77,963.47 ;

reinsurance, $4,730.00; total

85,998 49

20. Total amount of all liabilities, except capital stock, scrip

and net surplus

1,944,487 65

23. Surplus beyond capital and all other liabilities

957,711 22

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,902,198 87

IV.--INCOME DURING THE YEAR.

On Fire Risks.

4. Gross premiums on risks written and renewed

during the year

$2,638,005 60

7. Entire premiums collected during the year . 2,638,005 60 8. Deduct reinsurance and return premiums . . 641,575 39

9. Net cash actually received for premiums (carried out) . . $ 1,996,430 21

10. Received for interest on bonds and mortgages

9,080 00

11. Received for interest and dividends on stocks and bonds,

collateral loans, and from all other sources

61,564 59

] 2. Income received from all other sources, omitting increase,

if any, in value of securities, viz.: Rents, $9,538.81;

bank balances, $2,905.55; total

12,444 36

15. Aggregate amount of income actually received during

the year in cash

$ 2,079,519 16

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (includ-

ing $167,256.59, losses occurring in previous

years)

$1,068,973 87

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $3,327.03, and all amounts

actually received for reinsurances in other

companies, $73,656.80 ; total deductions . 76,983 83

3. Net amount paid during the year for losses 6. Paid for commissions or brokerage

$ 991,990 04 441 039 81

COMPTROLLER-GENERAL'S REPORT.

147

7. Paid for salaries, fees and other charges of officers, clerks, agents, and all other employees
8. Paid for State, national and local taxes in this and other States
9. All other payments and expenditures, viz.: General and agency expense, postage, advertising, stationery and printing, and maps

105,846 99 64,350 66
113,502 27

Aggregate amount of actual expenditures during

the year in cash

$ 1,716,729 77

Business in the State of Georgia during the Year.

On Fire Risks.

Risks written

$ 2,412,744 00

Premiums received (gross)

31,072 02

Losses paid . . *

9,509 91

Losses incurred . .

9,357 89

THE SUN FIRE INSURANCE COMPANY OF NEW ORLEANS, LA.

CHARLES JANVIER, President.

FERGUS G. LEE, Secretary.

Principal Office, 308 Camp Street.

JOHN C WHITNER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 500,000 00 $ 500,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

12. Cash in company's principal office

% 283 74

13. Cash belonging to the company deposited in

bank.

24,246 89

Total cash items 17. Cash in hands of agents and in course of transmission,
premiums in course of collection

35,000 00 951,195 00
24,530 63 40,712 40

Total assets of the company, actual cash market

value

$ 1,051,438 03

III.--LIABILITIES.

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

37,787 t)0 8,224 00

4. Total gross amount of claims for losses . . . 5. Deduct reinsurance thereon
6. Net amount of unpaid losses

46,01100 9,683 00
$

36,328 00

148

COMPTROLLER-GENERAL'S REPORT.

7. Gross premiums, without auy deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $262,082.61; unearned pre-

miums (fifty per cent.)

$ 131,041 30

8. Gross premiums, without any deduction, received and receivable upon all unexpired fire risks running more than one year from date of policy, $155,423.49; unearned premiums (prorata)

84,247 21

11. Total unearned premiums as computed above (carried

out)

$

15. Dividends declared and remaining unpaid or uncalled for.

18. Amount of borrowed money 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Unpaid reinsurance

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

215,288 51 27,092 50 40,000 00
10,754 76
329,463 77 500,000 00 221,974 26

24. Aggregate amountof all liabilities, including capital paid

up and net surplus

$ 1,051,438 03

IV.--INCOME DURING THE YEAR.

On Fire Risks. On Marine and Inland Risks.

1. Gross premiums and bills in

course of collection at close of last previous year, as

shown by that year's state-

ment

5 41,236 13 $

45 96

3. Net collected
4. Gross premiums on risks writ ten and renewed during the year

41,236 13 514,510 17

45 96 30,109 83

5. Total

555,740 30

6. Deduct premiums and bills in

course of collection at this

date

35,825 23

30,155 79 4,887 17

7. Entire premiums collected dur-

ing the year. Cash, $545,-

189.69; notes $

....

8. Deduct reinsurance and return premiums

510,921 07 192,098 23

25,268 62 9,089 29

9. Net cash actually received for premiums (carried out) . . 327,822 84

16.179 33 $ 344,002 17

COMPTROLLER-GENERAL'S REPORT.

149

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, $2,500.00;

bills payable, $60,000.00 ; total

15. Aggregate amount of income actually received during

the year in cash

$

35,372 70 62,500 00 441,874 87

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks. On Marine and Inland Risks.

1. Gross amount actually paid for

losses (including $40,426.93

losses occurring in previous

years)

$ 209,830 46 $ 6,735 01

2. Deduct all amounts actually received for salvages (whether

on losses of the last or of pre-

vious year), $4,252.29; and

all amounts actually received

for reinsurances in other

companies, $22,670.78; total

deductions

. . ' 33,872 17 3,064 01

3. Net amount paid during the

year for losses

175,958 29

3,671 00 $

4. Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year) . .

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees

8. Paid for State, national and local taxes in this and other

States 9. All other payments and expenditures, viz.: Bills pay-

able, $80,000.00; interest on bills payable, $5,756.38;

profit and loss, $347.59; various, $35,485.75 ; total . . .

Aggregate amount of actual expenditures during

the year in cash

?

179,629 29 49,462 50 54,911 01 23,759 92 10>576 93
121,589 72
439,929 37

Business in the State of. Georgia during the Year.

On Fire Risks.

Risks written Premiums received (gross)
Losses paid Losses incurred

* 2,832,160 00 54,010 64 22>0^3 53_ 26,4ol 1(

150

COMPTROLLER-GENERAL'S REPORT.

TRADERS FIRE INSURANCE COMPANY OF CHICAGO, ILL.

THIES J. LBFENS, President.

S. A. ROTHERMEL, Secretary.

Principal Office, 160 Lasalle Street.

JOHN T. ROWLAND, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ $500,000 00 $500,000 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)

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 252,125 00

5. Value of buildings mortgaged (insured

for 188,100.00 as collateral)

165,3C0 00

31,993 84 102,000 00

6. Total value of said mortgaged premises (car-

ried inside)

417,425 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

11. Total amount loaned on stocks and bonds and all other

securities (except mortgages)

12. Cash in company's principal office

1,592 10

13. Cash belonging to the company deposited in

bank : Corn Exchange National Bank

205,395 13

2,137,004 40 13,400 00

Total cash items 15. Interest due and accrued on stocks not included in
" market value " uncollected 16. Interest due and accrued on collateral loans and uncol-
lected 17. Cash in hands of agents and in course of transmission. .
Due from other companies, etc., for losses paid and premiums advanced

206,987 23
5,744 42
201 00 174,976 98
15,848 52

Total assets of the company, actual cash market

value

$ 2,690,661 18

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and supposed losses

3. Losses resisted, including interest, costs and

other expenses thereon

44,477 42
85,817 21 7,641 15

COMPTROLLER-GENERAL'S REPORT.

151

4. Total gross amount of claims for losses 5. Deduct reinsurance thereon

$ 137,935 78 24,779 90

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, $966,332.69; unearned pre-

miums (fifty per cent)

$ 483,166 34

S. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than one year from

date of policy, $847,062.02; unearned pre-

miums (pro rata)

477,641 48

113,155 88

11. Total unearned premiums as computed above (carried out) 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Commissions, $24,710.98; all other items, $17,049.63... .*
Total cash items 21. Joint stock capital actually paid up in cash 23. Surplus beyond capital and all other liabilities

960,807-82
41'760 61 1,115,724 31
500,000 00 1,074,936 87

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,690,661 18

IV.--INCOME 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 year's statement

$ 179,463 02

3. Net collected

179,463 02

4. Gross premiums on risks written and re-

newed during the year

1,954,611 35

5. Total

2,134,074 37

6. Deduct premiums and bills in course of col-

lection at this date

178,179 90

7. Entire premiums collected during the year . 1,955,894 47 8. Deduct reinsurance and return premiums. .. 663,995 26

9. Net cash actually received for premiums (carried out) . .$ 10. Received for interest on bonds and mortgages 11. Received for interests and dividends on stocks and bonds,
collateral loans, and from all other sources 12. Income received from all other sources, omitting in-
crease, if any, in value of securities, viz.: Rents .

1,291,899 21 7,103 26
94,299 24
3,008 18

15. Aggregate amount of income actually received during

the year in cash

$ 1,396,309 89

152

COMPTROLLER-GENERAL'S REPORT.

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

Gross amount actually paid for losses (inclu-

ding $140,705.71, losses occurring in previ-

ous years)

$ 820,237 49

Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $5,838.05, and all

amounts actually received for reinsurances

in other companies, $111,916.49 ; total de-

ductions

117,754 54

3. Net amount paid during the year for losses i

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

.

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Rent, post-

age, printing supplies and miscellaneous expenses

Items charged to profit and loss

702,482 95-
50,000 00 282,939 29
91,159 83
47,046 61
49,520 76 4,211 55

Aggregate amount of actual expenditures during

the year in cash

$ 1,227,360 99

Business in the State of Georgia during the Year.

Fire Risks,

Risks written

$ 1,841,714 00

Premiums received (gross)

32,142 70

Losses paid

26,778 97

Losses incurred

21,898 24

UNION ASSURANCE SOCIETY OF LONDON, ENGLAND.

HALL & HENSHAW, U. S. Managers. Principal Office in United States, 35 Pine Street, New York City.
C. L. STONEY, Atlanta, Attorney for Service in Georgia.

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

% 200,000 00

9. Total par and market value of stocks and bonds owned

absolutely by the company.carried out at market value. 1,104,465 00

12. Cash in company's principal office

$ 274 01

13. Cash belonging to the company deposited in bank, viz.: National City Bank, New

York, 142,507.00 ; Canadian Bank of Com-

merce, San Francisco, $19,717.04; total . . 62,224 04

Total cash items

62,498 05

COMPTROLLER-GENERAL'S REPORT.

153

15. Interest due and accrued on stocks not included in "mar-

ket value" uncollected

$

16. Interest due and accrued on other assets

17. Cash in hands of agents and in course of transmission .

9,326 84 34 13
178,300 23

Total assets of the company, actual cash market

value

1,554,624 25

III. --LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

35,806 00
69,674 84 27,955 02

4. Total gross amount of claims for losses . . . 133,435 86

5. Deduct reinsurance thereon

11,128 58

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, $823,746.33 ; unearned pre-

miums (fifty per cent.)

$ 411,873 16

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $445,921.10 ; unearned pre-

miums (pro rata)

240,454 89

122,307 28

11 Total unearned premiums as computed above (carried

out)

:

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions and brokerage, on un-

collected premiums, $30,312.78; return premiums,

$967.12; reinsurance, $6,183.71; total

652>328 05 37'463 61

20 Total amount of all liabilities, except capital stock, scrip, " and net surplus
21. Deposit capital 23. Surplus beyond capital and all other liabilities

812,098 94
M Jf 54J.5-Q 6i

24 Asreregate amount of all liabilities, including capital

' paid up and net surplus

* 1-5^624 25

IV. --INCOME DURING THE YEAE. On Fire Risks.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 136,162 57

3. Net collected

TM'TM2 57

154

COMPTROLLER-GENERAL'S REPORT.

4. Gross premiums on risks written and re-

newed during the year

$ 1,424,674 40

5- Total

1,560,836 97

6. Deduct premiums and bills in course of col-

lection at this date

180,203 08

7. Entire premiums collected during the year. 1,380,633 89 8. Deduct reinsurance and return premiums . 409,371 12

9. Net cash actually received for premiums (carried out).$ 911,262 77

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

26,748 34

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents,. .

13,195 08

14. Amount of remittances from home office during the

year

$ 90,000 00

15. Aggregate amount of income actually received during

the year in cash

$ 1,041,206 19

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks. 1. Gross amount actually paid for losses (in-

cluding $159,706.66 losses occurring in pre-

vious years)

$ 635,603 35

2. Deduct all amounts actually received for sal-

vages (whether on losses of the last or of

previous year), $7,601.62 ; and all amounts

actually received for reinsurances in other

companies,$129,011.36; total deductions . . 136,612 98

3. Net amount paid during the year for losses

$

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks, agents, and all other employees

8. Paid for State, national and local taxes in this and other
States

9. All other payments and expenditures, viz.: Rents,

$4,500.02; advertising, printing and stationery, $2,-

998.14; legal expenses, $298.37; repairs, etc., on real

estate, $2,591.94; miscellaneous, $37,981.09; total. . .

10. Amount sent to home offices during the year

498,990 37 225 708 74 48 404 59 25,260 88
48,369 56 203 290 88

Aggregate amount of actual expenditures during

the year in cash

$ 1,050,025 02

Business in the State of Georgia during the
Risks written Premiums received (gross) Losses paid Losses incurred

Year.
On Fire Risks. $ 727<i87 00
7 762 77 3'B07 00 4 009 49

COMPTROLLER-GENERAL'S REPORT.

155

THE WESTERN ASSURANCE COMPANY, OF TORONTO, CANADA.

HON. GEO. A. Cox, President.

C. C. FOSTER, Secretary.

Principal office, 22 Wellington Street, East Toronto.

GEO. J. DEXTEB, Atlanta, Attorney for Service in Georgia.

II.--ASSETS.

2. Loans on bond and mortgage (duly recorded and being

first liens on the fee simple)

$ 20,000 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value 1,658,268 50

12. Cash in company's principal office

$ 198 56

13. Cash belonging to the company deposited

in bank : Canadian Bank of Commerce,

New York, $173,847.02; Corn Exchange

National Bank, Chicago, $297.99 . . . - 174,145 01

Total cash items 17. Cash in hands of agents and in course of transmission.
18. Bills receivable, not matured, taken for Are, marine and inland risks . .

174,343 57 490,299 05
29,790 76

Total assets of the company, actual cash market

value

$ 2,372,701 88

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

3. Losses resisted, including interest, costs and

other expenses thereon

28,611 06
85,339 49 6,136 13

4. Total gross amount of claims for losses . . . 12,086 68

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

dateof policy, $1,584,381.86; unearned pre-

miums (fifty per cent.)

$ 792,190 93

5. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $955,235.24; unearned pre-

miums (pro rata)

518,302 12

9. Gross premiums, without any deduction (in-

cluding both cash and bills), received and

receivable upon all unexpired inland nav-

igation and time hull risks, $173,672.07;

(fifty per cent)

86,836 03

120,086 68

156

COMPTROLLER-GENERAL'S REPORT.

10. Gross premiums, without any deduction, re-

ceived and receivable on all uuexpired

marine risks, 100 per cent

$

4,603 22

11. Total unearned premiums as computed above(carriedout)$ 1,401,932 30-

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions

58,317 05

20. Total amount of all liabilities except capital stock, scrip and net surplus
21. Joint stock capital actually paid up in cash, deposit capital
23. Surplus beyond capital and all other liabilities

1,580,336 03
200,000 00 592,365 85

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,372,701 88

IV.--INCOME DURING THE YEAR.

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 year's state-

ment

......$ 256,302 60 $ 105,855 84

3. Net collected

256,302 60

4. Gross premiums on risks writ-

ten and renewed during the

year

2,736,354 73

105,855 84 521,695 56

5. Total

2,992,657 33

6. Deduct ^premiums and bills in

course of collection at this

date

438,907 48

627,551 40 81,182 33

7. Entire premiums collected dur-

ing the year

2,553,749 85

8. Deduct reinsurance and return

premiums

734,692 95

546,369 07 82.852 93

* 9. Net cash actually received for

premiums (carried out) . . . 1,819,056 90 463,516 14 $ 2,282,573 04

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

68,485 66

15, Aggregate amount of income actually received during

the year in cash

% 2,851,058 70

V.--EXPENDITURES DURING THE YEA.R.

On Marine and On Fire Risks. Inland Risks.
1. Gross amount actually paid for

losses (including $148,267.48

losses occurring in previous

years)

$1,337,763 44 % 350,964 22

COMPTROLLER-GENERAL'S REPORT.

157

2. Deduct all amounts actually re-

ceived for salvages (whether

on losses of the last or of

previous year), $

, and

all amounts actually received

for reinsurances in other

companies, $

; total de-

ductions

64,727 89

22,131 67

3. Net amount paid during the

year for losses

1,273,035 55

6. Paid for commissions or brokerage

328,832 55 $ 1,601,868 10 499,160 34

7. Paid for salaries, fees and other charges of officers, clerks, agents, and all other employees

87,120 00

8. Paid for State, national and local taxes in this and other
States 9. All other payments and expenditures

63,677 84 140,544 33

Aggregate amount of actual expenditures during

the year in cash . .

$ 2,392,370 61

Business in the State of Georgia during the Year.

Marine and In-

Fire Risk.

land Risks.

Aggregate,

Risks written.

$1,497,190 00$ 78,695 00$ 1,575,885 00

Premiums received (gross) .... 29,303 53

846 91

30,150 44

Losses paid Losses incurred

. ^ 20,189 32

^76 54 1,476 54

21,014 01 21,665 86

WESTOHESTER FIRE INSURANCE COMPANY OF NEW YORK.

GEORGE R. CRAWFORD, President. MORELL O. BROWN, Secretary. Home Office, 66 Wall Street, New York, N. Y.
J. L. RlLEY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in cash $,300,000 00

Amount of ledger assets (as per balance),

A December 31, 1901

416 18

Extended at

* 2,693,416 is

II.--INCOME. .

As shown by the books at home office at close of business Dec. 31,1902.
Fire.

1. Gross premiums

$2,635,063 11

2. Deduct reinsurance, rebate, abatement and

return premiums

620,834 60

3. Total premiums (other than perpetuals)

$ 2,014,228 51

5. Interest on mortgage loans

$ ^,494 M

158

COMPTROLLER-GENERAL'S REPORT.

7. Interest on bonds and dividends on stocks . $ 9. Gross rents from company's property, in-
cluding $ for company's own occupancy

58,759 83 2,044 25

10. Total interest and rents 11. Profit on sale or maturity of ledger assets
Amount collected of previous years'premiums
13. Total income

$ 89 298 71 43,207 60 203,80179'
* 2,350,536 61

III.--DISBURSEMENTS.

As shown by the books at home office at close of business Dec. 31, 1902.

1. Gross amount paid for losses (including

$165,066.80 occurring in previous years) . $1,358,760 10

2. Deduct amount received for salvage, $1,071.90;

and for reinsurance in other companies,

$207,347.14

208,419 04

3. Net amount paid for losses

$ 1,150,341 06

5. Paid stockholders for interest or dividends (amount de-

clared during the year)

4S,000 CO

8. Commissions or brokerage

480 801 89

9. Salaries, fees and all other charges of officers, clerks,

agents and other employees

125,783 77

10. Rents, including $3,291.43 for company's own occupancy.

3,291 45

11. Repairs and expenses (other than taxes) on real estate .

762 13

12. Taxes on real estate

7,061 29

13. All other taxes, licenses and insurance department fees.

44,340 13

15. All other disbursements, viz.: Postage, $14,051 86 ; tele-

graph and express, $3,617.63; advertising, $2,318.65;

printing and stationery, $22,464.40; Are patrols, $7,-

659.67 ; maps, $6,598.43 ; general agency, traveling, and

all other expenses, $86,003.42; total

142,714 06

17. Total disbursements. .'

$ 2,003,095 76

IV.--LEDGER ASSETS.

1. Book value of real estate uuiucumbered 2. Mortgage loans on real estate, first liens

$ 265,S02 40 439,747 50

4. Book value of bonds, excluding interest, $469,966.37 ; and

stocks, $1,376,650.00

1,846,616 37

5. Cash in company's office, $6,001.20; deposited in banks,

viz.: Chatham National Bank, New York, $85,607.22;

Union Trust Company, New York, $93,659.66; total . 185,268 08 6. Agents' balances representing business written subse-

quent to October 1, 1902

280 002 38

7. Agents' halauces representing business written prior to

October 1, 1902

23,420 30

11. Total ledger assets

3,040,857 03

NON-LEDGER ASSETS.

12. Interest due, $4,514.00; and accrued, 12,-

566.70 on mortgages

$

7,080 70

COMPTROLLER-GENERAL'S REPORT.

159

13. Interest due, $

and accrued $10,200.00

on bonds and stocks

$ 10,200 00

17. Total

I

19. Market value of bonds and stocks over book value ....

17,280 70 266,333 63

21. Gross assets . . .'

3,324,471 36

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business writ-

ten prior to October 1, 1902

$

7. Depreciation from book value of ledger assets

to bring same to market value, viz.: Real

23,420 30

estate

452 40

8. Total

23,872 70

9. Total admitted assets



$ 3,300,598 66

V.--LIABILITIES.
1. Gross losses adjusted and unpaid, not yet due.$ 2. Gross claims for losses in process of adjust-
ment or in suspense, including all reported and supposed losses 3. Gross claims for losses resisted

47,332 20
111,511 74 11,500 00

4. Total 5. Deduct reinsurance due or accrued

170,343 94 25,877 2L

6. Net amount of unpaid losses and claims

$

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, $1,257,103.74; un-

earned premiums (fifty per cent.) . . . . if 628,551 87

8. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire

risks running more than one year from

date of policy, 1,831,121.32; unearned

premiums (pro rata)

997,117 54

144,466 73

12. Total unearned premiums as computed above 19. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,
due or accrued 21. Return premiums, $350.23; reinsurance premiums $3,755.99

1,625,669 41
11,136 97 4,106 22

24. Total amount of all liabilities except capital

25. Capital actually paid up in cash 26. Surplus over all liabilities

$ 300,000 00 1,215,219 33

27. Surplus as regards policy-holders

1,785,379 33 1,515,219 33

28. Total liabilities Business in Georgia during 1902.
Risks written Premiums received Losses paid Losses incurred

$ 3,300,598 66
On Fire Risks.
$ 2,202,022 00 34,078 42 7,243 08 10,527 11

160

COMPTROLLER-GENERAL'S REPORT.

WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOKLYN, N. Y.

MARSHALL S. DRIGGS, President.

FREDERICK H. WAY, Secretary.

Principal Office, 15 Broadway.

WM. R. HOYT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 250,000 00 $ 250,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbranees 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, $2,182.50;

interest accrued thereon, $1,115.20; total

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 209,750 00

5. Value of buildings mortgaged (insured for

$222,500.00 as collateral)

217,500 00

669,657 77 253,600 00
3,297 70

6. Total value of said mortgaged premises (car-

ried inside)

427,250 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

11. Total amount loaned on stocks, bonds and all other secur-

ities (except mortgages).

12. Cash in company's principal office

$ 4,273 32

13. Cash belonging to company deposited in bank. 100,293 57

1,179,840 00 26 700 00

Total cash items 15. Interest due and accrued on stocks not included in "mar-
ket value" uncollected 16. Interest due and accrued on collateral loans and uncol-
lected
17. Cash in hands of agents and in course of transmission... All other assets, both real and personal, viz.: Rents due and accrued

104,566 89 4 534 58
Ill 25 142,388 46
5 940 g4

Total assets of the company, actual cash market

value

$ 2,390,737 49

III.--LIABILITIES.

1. Losses due and unpaid

$ 17,806 40

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

56,489 79

COMPTROLLER-GENERAL'S REPORT.

161

3. Losses resisted, including interest, costs and

other expenses thereon

$ 7,290 00

Total gross amount of claims for losses Deduct reinsurance thereon

81,586 19 8,783 91

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, $602,477.20; unearned pre-

miums (fifty per cent)

$ 301,238 60

8. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $894,502.30; unearned pre-

miums (pro rata)

474,910 55

72,802 28

11. Total unearned premiums as computed above (carried out)

16. Cash dividends to stockholders remaining unpaid

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested

_

776,149 15 198 00
30,451 41

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

879,600 84 250,000 00 1,261,136 65

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,390,737 49

IV.--INCOME DURING THE YEAR.

On Fire Risks.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 129,183 32

2. Deduct amount of same not collected

10,334 67

3. Net collected

118,848 65

4. Gross premiums on risks written and renewed

during the year

1,161,219 61

5. Total

^aVieS 26

6 Deduct premiums and bills in course of col-

lection at this date

143,292 21

7. Entire premiums collected during the year.. 1,136,776 05

8. Deduct reinsurance and return premiums.. . 209,607 76

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
11 in

927,168 29 11,604 73
54,290 20

162

COMPTROLLER-GENERAL'S REPORT.

1?. Income received from all other sources, omitting increase, if any, in value of securities, viz.: Rents, $31,330.24; deduct taxes and expenses, $24,888.18; total. . .$

15. Aggregate amount of income actually received during

the year in cash

$

6,442 06 999,505 28

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (including$75,458.19 losses occurring in pre-

vious years)

$ 519,457 81

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $4,001.28, and all amounts

actually received for reinsurances in other

companies, $47,550.70; total deductions

51,551 98

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year, $60,-

000.00) 6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers,

clerks, agents, and all other employees

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures

Aggregate amount of actual expenditures during

the year in cash

$

467,905 83
59,802 00 240,035 21 80,076 37
10,863 30 54,069 38
912,752 09.

Business in the State of Georgia during the Year.
On Fire Risks.

Risks written

$1,421,985 00

Premiums received (gross) Losses paid

21,959 18 9,502 25

Losses incurred

9,089 57

COMPTROLLER-GENERAL'S REPORT.

163

^ETNA LIFE INSURANCE COMPANY OF HARTFORD, CONN.

M. G. BULKELEY, President.

J. L. ENGLISH, Secretary.

Home Office, 650 Main Street, Hartford, Conn.

OLIVER H. KING, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 1,750,000 00

Amount of ledger assets (as per balance)

December 31 of previous year (1901) . . $ 56,160,854 22

Extended at

$ 56,160,854 22

II.--INCOME.

As shown by the books at home office at close of business, Dec 31, 1902.

1. First year's premiums on original policies

without deductions for commissions or

other expenses, less $316.25 for first year's

reinsurance

$ 1,144,782 30

2. Surrender values applied to pay first year's

premiums

2,808 49

3. Total first year's premiums on original policies
4. Dividends applied to purchase paid-up additions and annuities
5. Surrender values applied to purchase paidup insurance and annuities
7. Consideration for supplementary contracts involving life contingencies

1,147,530 79 5,438 71
277,529 24 9,788 13

8. Total new premiums, life business

$ 1,440,346 87

9. Renewal premiums, without deduction for

commissions or other expenses, less $6,-

030.44 for reinsurance on renewals ... $ 6,457,241 39

10. Dividends applied to pay renewal pre-

miums

506,878 48

13. Total renewal premiums

6,964,119 67

14. Total premium income, life business

8,404,466 74

164

COMPTROLLER-GENERAL'S REPORT.

15. Consideration for supplementary contracts not involving

life contingencies

$

17. Premium notes, loans or liens restored by revival of

policies .

18. Interest on mortgage loans

$ 1,194,972 18

19. Interest on collateral loans

36,292 10

20. Interest on bonds and dividends on stocks 913,135 46

21. Interest on premium notes, policy loans or

liens

161,429 30

22. Interest on other debts due the company,

and on deposits in banks

69,219 07

23. Discount on claims paid in advance . . .

2,576 15

24. Rent from company's property, including

f 16,000.00 for company's own occupancy 37,172 80

62,949 00 223 90

25. Total interest and rents. 26. Profit on sale or maturity of ledger assets 27. From other sources: Revenue stamps redeemed
Premium income, accident, health and liability business

2 414,797 06 177,527 51 214 59
1,756,621 29

28. Total income

$12,816,800 09

III. --DISBURSEMENTS.

As shown by the books at home office at close of business Dec. 31, 1902.

1. For death claims (less $540.00 reinsurance) $ 2,738,976 37

2. For matured endowments

1,788,794 00

3. Net amount paid for losses and matured

endowments

$ 4,527,770 37

6. Surrender values paid in cash

155,428 99

7. Surrender values applied to pay new pre-

miums

2,808 49

8. Surrender values applied to purchase paid-

up insurance and annuities

277,529 24

9. Dividends paid to policy-holders in cash . 202,126 07

10. Dividends applied to pay renewal pre-

miums ..."

506.S78 48

11. Dividends applied to purchase paid-up ad-

ditions and annuities .

5,438 71

12. Total paid policy-holders

$ 5,677,980 35

14. Paid stockholders for interest or dividends

175,000 00

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums, $613,034.38; re-

newal premiums, $391,932.68; total

1,004,967 06

COMPTROLLER-GENERAL'S REPORT.

165

17. Salaries and allowances for agencies, including mana-

gers, agents and clerks

$

18. Agency supervision, traveling and all other agency ex-

penses

19. Medical examiner's fees, $73,049.50; inspection of risks,

19,736.97

20. Salaries and all other compensation of officers and home

office employees

21. Rent, including $16,000.00 for company's own occupancy

22. Advertising, $11,880.44; printing and stationery, $24,-

586.31; postage, $36,510.46

23. Legal expenses

24. Furniture, fixtures and safes

25. Insurance, taxes, licenses and department fees

26. Taxes on real estate 27. Repairs and expenses (other than taxes) on real estate.

29. All other disbursements: Exchange, $1,897.09 ; supplies,

$48,441.09; express, $5,876.23; telegraph, $2,793.36; in-

cidentals, $2,354.64

_.

Total disbursements--accident, health and liability

business



28,876 53
20,165 36
82,786 47
180,554 34 39,760 40
72,977 21 10,656 55 10,996 36 275,024 14 8.718 74 31,175 09
61,362 41
!,5-7 68S 54

30. Total disbursements

$ 9,208,689 55

IV.--LEDGER ASSETS.

1. Book value of real estate unincumbered

$ 669,543 12

2. Mortgage loans on real estate, first liens

27,303,046 82

3. Loans secured by pledge of bonds, stocks or other col-

lateral

1,009,024 17

4. Loans made to policy-holders on this company's policies

assigned as collateral

2,379,915 00

5. Premium notes on policies in force, of which $7,694.26 is

for first year's premiums

396,153 38

(i Book value bonds (including interest) $18,355,404.53;

stocks, $4,336,897.04

22,692,301 57

7. Deposited in trust companies and banks on interest. . . 3,003,5/0 99

8. Cash in company's office, $428,369.08; deposited in banks

(not on interest), $1,865,170.95

2,293,540 03

9. Bills receivable

25'384 22

Total

59,772,479 80

Deduct ledger liabilities: Agents' balances, $1,263.52; all

other, $2,251.02

3'514 54

10. Total ledger assets

59,768,964 76

166

COMPTROLLER-GENERAL'S REPORT.

NON-LEDGER ASSETS.

11. Interest due, $37,190.89, and accrued, $386,-

598.37 on mortgages

$

12. Interest due, $18,837.52, and accrued, $128,-

675.84, on bonds and stocks

13. Interest due, $9,317.94, and accrued, $1,-

975.C0, on collateral loans

14. Interest due and accrued on premium

notes, policy loans or liens

15. Interest due and accrued on other assets .

16. Rents due, $75.00, and accrued, $2,270.33,

on company's property or lease

422,789 26 147,513 36
11,292 94 244,046 34
220 76 2,345 33

17. Total interest and rents due and accrued

$ 829,807 99

19. Market value of bonds and stocks over book value . . . 2,232,063 17

New Business.

21. Gross premiums due and un-

reported on policies in force

December 31, 1902 . . . . $ 9,348 60

22. Gross deferred premiums on

policies in force December

31, 1902

48,392 63

Renewals.
$ 395,700 04 315,178 14

23. Totals 24. Deduct loading 20 per cent .

57,741 23 $ 710,878 18 11,548 25 142,175 63

25. Net amount of uncollected and deferred premiums. .

46,192 98 $ 568,702 55

614,895 53

27. Gross assets

63,445,731 45

DEDUCT ASSETS NOT ADMITTED.

30. Commuted commissions, $ ; agents'

debit balances, $18,373.28

$

32. Loans on personal security, endorsed or

not, $ ; bills receivable, $25,384.22. .

33. Premium notes or loans on policies and

net premiums in excess of the net value

of their policies

33. Total

36. Total admitted assets

18,373 28 25,384 22
759 88 44,517 38
$63,401,214 07

I \>V : V.. .

COMPTROLLER-GENERAL'S REPORT,

167

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, as computed by the com-

pany, on the actuaries' table of mor-

tality, with four per cent, interest on old

business and on three and one-half per

cent, basis on business issued in 1901 and

1902

$53,879,691 13

Deduct net value of risks of this company

reinsured in other solvent companies . .

54,552 00

Net reserve.

$53,825,139 13

Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed

.by t,,he company

...

Liability on policies canceled, upon which a surrender

62,'833 00

value may be demanded

17,i8l 00

Claims for death losses in process of adjustment or adj usted and not due. . . . $ 121,185 00

Claims for death losses which have been reported and no proofs received. .

32,17100

Claims for matured endowments due and

unpaid

57,635 00

Claims for death losses and other policy claims resisted by the company

22,820 00

10. Total policy claims

II. Due and unpaid on supplementary contracts not involv-

ing life contingencies

12

Premiums paid in advance, including surrender value so appl.i.ed,

13 Commissions due to agents on premium notes when paid

15 Salaries, rents, office expenses, taxes, bills, accounts,

bonuses, commissions, medical and legal fees, due or

accrued. 19. Dividends or other profits due policy-holders, including
those contingent on payment of outstanding and de-

ferred premiums
20 Dividends apportioned, payable to [policy-holders during 1903
21. Dividends apportioned, payable to policy-holders subsequent to 1903 : 1904, $183,183.48; 1905, $133,581.46; 1906,

$76,911.36; 1907, $48,247.41; 1908, $2,372.64; 1909, $1,303.89;

1910, $304.03

22

Other liabilities : ab. ove gi. ve,,n

Special reserve in addition to reserve

233,811 00

21,' 042

84
9

2,4Ld ^

10'000 00
89'983 20 -J9U0 ,7t0w0 i1i4

445,904 27 2,'113,'933 00,

Total liabilities, life business

57,113,675 80

Total liabilities, accident, health and liability business . 789,001 88

23, Capitalstock, 24 Unassigned funds (surplus)

1,750,000 00 3, < 48,536 39

25 Total liabilities

$63,401,214 07

168

COMPTROLLER-GENERAL'S REPORT.

Business in Georgia during 1902.

No.
Policies on the lives of citizens of said State in

force December 31, of previous year

2,285

Policies on the lives of citizens of said State issued

during the year

415

Total

2,700

Deduct ceased to be in force during the year. . . . 479

Policies in force December 31, 1902

2,221

Amount.
$4,448,653 00
675,982 00 $ 5,124,635 00
767,355 00 $4,357,280 00

No.

Amount.

Losses and claims unpaid December 31 of previous

year

5 $ 5,373 00

Losses and claims incurred during the year .... 36

88,744 00

Total

41 $ 94,117 00

Losses and claims settled during the year, in cash,

$92,117.00; by compromise, $1,000.00

41 $

Premiums collected or secured in cash and notes or credits,

without any deduction for losses, dividends, commis-

sions or other expenses

$

93,117 00 139,344 64

THE CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD, CONN.

JACOB L. GREENE, President.

HERBERT H. WHITE, Secretary.

Home Office, 36 Pearl Street, Hartford, Conn. M. L. BYCK, Savannah, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of ledger assets December 31 of pre-

vious year

$ 62,649,582 92

Extended at

$ 62,649,582 92

II.--INCOME.

As shown by the books at home office at close of business December 31,1902.

1. First year's premiums on original policies

without deduction for commissions or

other expenses

$

2. Surrender values applied to pay first year's

premiums

3. Total first year's premiums on original

policies

$

5. Surrender values applied to purchase paid-

up insurance and annuities

6. Consideration for original annuities involv-

ing life contingencies

8. Total new premiums

399,933 05 3,302 51
403,235 56 74,193 42 53,318 55
$

530,747 53

COMPTROLLER-GENERAL'S REPORT.

169

9. Renewal premiums without deduction for

commissions or other expenses

$ 3,641,344 41

10. Dividends applied to pay renewal premiums 1,085,875 27

11. Surrender values applied to pay renewal

premiums

13,/14 21

13. Total renewal premiums

$ 4,740,933 89

14. Total premium income

17. Premium notes, loans or liens restored by revival of pol-

icies 18. Interest on mortgage loans

$ 1,242,106 11

19. Interest on collateral loans

115 00

20. Interest on bonds and dividends on stocks. 1,132,173 29

21. Interest on premium notes, policy loans or

liens 22. Interest on other debts due the company.

40,60821 10,148 49

23. Discount on claims paid in advance

2,257 80

24. Rent from company's property

462,484 18

5,271,681 42 . 8600

25. Total interest and rents 28. Total income

2,889,893 08 $ 8,161,660 50

III.--DISBURSEMENTS.
As shown by the books at home office at close of business December 31,1902.

1. For death claims 2. For matured endowments

$ 4,049,466 00 322,144 00

3. Net amount paid for losses and matured en-

dowments

4,371,61000

4. For annuities involving life contingencies. .

5,718 44

5. Premium notes voided by lapse 6. Surrender values paid in cash 7. Surrender values applied to pay new pre-
miums, $3,302.51; to pay renewal premiums, $13,714.21; total

39o 00 409,030 57
17,016 72

8. Surrender values applied to purchase paidup insurance and annuities
9. Dividends paid to policy-holders in cash. . . 10. Dividends applied to pay renewal premiums

74,193 42 228,974 84 1,085,875 27

12. Total paid policy-holders

* 6,192,814 26

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums, $102,752.80; renew-

al premiums, $305,595.65; on annuities (original), $819.47 409,167 92

17. Salaries and allowances for agencies, including man-

agers, agents and clerks

1/,041 63

18. Agency supervision, traveling and all other agency ex-

penses 19. Medical examiners' fees

- . 0403711

20. Salaries and all other compensation of officers and home

office employees

166,617 55

170

COMPTROLLER-GENERAL'S REPORT.

211 Rent for company's own occupancy, less $427.14 received under sublease
22. Advertising, $34,136.05; printing and stationery, $27,930.74; postage $17,596.29
23, Legal expenses 24, Furniture, fixtures and safes 25. Insurance, taxes, licenses and department fees 26. Taxes on real estate 27. Repairs and expenses (other than taxes) on real estate... 28 Loss on sale or maturity of ledger assets 29 All other disbursements: Express, $2,666.93; telegraph,
$1,337.57 ; miscellaneous $13,736.85

8,008 82
79,663 08 14,454 71 3,756 27 217,283 57 177,239 32 224,423 20 57,257 98
17,741 35

30. Total disbursements

$ 7,628,452 10

IV.--LEDGER ASSETS.

1. Book value of real estate unincumbered

$ 11,932,S36 80

2. Mortgage loans on real estate, first liens

24,256,739 50

3. Loans secured by pledge of bonds, stocks, or other collat-

erals

2,300 00

5. Premium notes on policies in force

641,884 78

6. Book value of bonds (excluding interest), 824,937,291.94;

stocks, $803,454.00

25,740,745 94

7. Deposited in trust companies and banks on interest: J.

P.Morgan &Co., New York, $215,292.74; First National

Bank, Hartford, $27,395.33; State Bank, Hartford,

$74,245.25; Phoenix National Bank, Hartford, $194,117.20 511,050 52

8. Cash deposited in banks (not on interest): Conn. T. & S.

D. Co., $79,752.71; City, $7,449.48

87,202 19

9. Bills receivable, $2,404.04; agents'balances, $7,627.55

10,031 59

10. Total ledger assets

63,182,791 32

NON-LEDGER ASSETS.

11. Interest due, $37,235.15, and accrued, $467,-

353.79, on mortgages

$

12. Interest due, $18,300.00, and accrued, $238,-

953.35, on bonds and stocks

13. Interest due and accrued on collateral loans

14. Interest due, $112,211.89, and accrued, $20,-

935-42, on premium notes, policy loans or

liens

.-

16. Rents due, $3,578.81, and accrued, $7,979 57,

on company's property or lease

504,588 94 257,253 35
28 75
133,147 31 11,558 38

17. Total interest and rents due and accrued 19. Market value of bonus and stocks over book value

New Business. Renewals.

21. Gross premiums due and unre-

ported on policies in force De-

cember 31, 1902

$ 16,508 45 $ 57,180 78

906.576 73 1,202,2">2 86

COMPTROLLER-GENERAL'S REPORT.

171

22. Gross deferred premiums on policies in force December31,1902 $ 33,636 66 $ 833,943 86

23. Totals 24. Deduct loading 20 per cent
25. Net amount of uncollected and deferred premiums
27. Gross assets

50,145 11 391,124 64 10,029 02 78,224 93
40,116 09 312,899 71 $ 353,015 80

DEDUCT ASSETS NOT ADMITTED.

30. Agents'debit balances. 32. Bills receivable

7,627 55 2,404 04

35. Total

10,031 59

36. Total admitted assets

* 65,634,605 12

V.--LIABILITIES.

1. Net present value of all the outstanding pol-

icies in force on the 31st day of Decem-

ber, 1902, as computed by the company,

on the actuaries' and American tables of

mortality, with 4 and 3 per cent, interest $57,481,426 00

Same for annuities (including those in re-

duction of premiums)

94,965 00

Net reserve

$57,576,391 00

3 Liability on policies canceled upon which a surrender

value may be demanded

155,640 00

4. Claims for death losses due and unpaid $ 44,990 50

5. Claims for death losses in process of adjust-

ment or adjusted and not due

129,356 00

6. Claims for death losses which have been re-

ported and no proofs received

88,842 00

7. Claims for matured endowments due and

unpaid 8. Claims for death losses and other policy
claims resisted by the company

9,394 30 6,000 00

10. Total policy claims

12 Premiums paid in advance, including surrender values so

applied

;

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums

24. Unassigned funds (surplus), including contingent real es-

tate depreciation, mem. account, $420,540.57

278,5S2 80 20,741 81
1,223,257 OS fi.3"f).99a 4:i

25. Total liabilities

$65,634,005 12

172

COMPTROLLER-GENERAL'S REPORT.

Business in Georgia during 1902.
No.
Policies on the lives of citizens of said State in force De-

cember 31, of previous year

458

Policies on the lives of citizens of said State issued dur-

ing the year

13

Total

471

Deduct ceased to be in force during the year

7

Policies in force December 31, 1902

464

Amount.
$1,354,000
56,503 1,410,500
16,600 1,393,900

No.

Losses and claims incurred during the year

Losses and claims settled during the year in cash

Premiums collected or secured in cash and notes or cred-

its, without any deduction for losses, dividends, com-

missions, or other expenses

$

Amount.
$2,000 $2,000
35,670 53

THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES, NEW YORK, N. Y.

JAMES W. ALEXANDER, President. WILLIAM ALEXANDER, Secretary. Principal Office, 120 Broadway, New York City.
R. L. FOREMAN, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 100,000 00

2. Amount of net or ledger assets December

31 of previous year

$307,291,048 88

Extended at

$307,291,048 88

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$ 7,930,949 87

1J. Cash received for renewal premiums,

without deductions for commissions

or other expenses.

41,965,285 01

3J. From dividends applied to purchase paid-

up additions and annuities

785,729 45

4. Consideration for supplementary contracts

involving life contingencies

73,605 00

4J. From surrender values applied to purchase

paid-up insurance and annuities - . . 1,687,108 00

5. Consideration for annuities, other than

matured installment policies

1,489,746 11

7. Total premium income

$ 53,932,423 44

COMPTROLLER-GENERAL'S REPORT.

173

8. Cash received for interest on mortgage loans .... $ 2,822,554 89

9. Cash received for interest on bonds owned, and divi-

dends on stock

7,137,716 83

10. Cash received for interest on premium notes, loans, or

liens (policy loans)

696,265 27

11 Cash received for interest on other debts due the com-

pany

996,918 14

13. Cash received for rents for use of company's property,

including $293,192.00 for company's own occupancy . 1,911,675 07

18. Consideration for supplementary contracts not involv-

ing life contingencies

225,633 32

19. From all other sources, viz.: Interest on collateral loans. 550,196 18

20. Profit on sale or maturity of ledger assets

1,192,754 57

Total income

$ 69,466,137 71

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 15,281,^61 73

3. Cash paid for matured endowments, and

additions thereto

2,225,930 84

7; Total net amount actually paid for losses

and matured endowments

$ 17,507,892 57

8. Cash paid to annuitants

768,095 09

10. Cash dividends paid policy-holders . . . 3,6y2,194 70

12. Cash dividends applied to purchase paid-

up additions and annuities

785,729 45

13. Surrender values paid in cash

4,750,230 98

15. Surrender values applied to purchase

paid-up insurance and annuities . . 1,687,108 00

Total paid policy-holders

$29,191,250 7!)

16 Cash paid stockholders for interest or div-

idends

$ 7,000 00

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, 53,131,823.96; renewals, $3,-

134,253.79 ; on annuities, $46,933.54; total. 6,313,011 29

18 Cash paid for salaries and allowances to

manager and agents

477,903 05

19 Cash paid for medical examiners' fees,

$468,837.12; inspection of risks, $101,-

455.49

570,292 61

"?0 Cash paid for salaries and all other com-

pensation of officers and other home

office employees

987,999 51

22. Cash paid for taxes on real estate .... 373,357 38

23 Cash paid for insurance department fees and agents' licenses, and municipal

licenses

543,753 20

174

COMPTROLLER-GENERAL'S REPORT.

24. Cash paid forrent, company's occupancy.! 293,192 00

25. Cash paid for commuting commissions . 1,076,003 95

26. Cash paid for furniture, fixtures and safes

for home and agency offices

23,924 52

27. Cash paid for advertising, $257,082.63;

printing and stationery, if 197,282.72;

postage, $129,836.35, total

5S4.201 70

23. Cash paid for real estate expenses, other

than taxes, $565,873.59; for legal expen-

ses, $122,542.16

6S8,415 75

29. Cash paid for the following items, viz.:

clerical expense, express, telegraph, ca-

ble, freight, telephone, and general

expenses

347,072 64

Agency supervision, traveling, and all

other agency expenses .

411,343 55

Paid for claims on supplementary con-

tracts not involving life contingencies .

15,173 51

Loss on sale or maturity of ledger assets. 459,125 46

Total miscellaneous expenses,

$ 13,171,770 12

30. Reduction book value purchased at a premium. . . 344,206 00

Total disbursements

$ 42,707 226 91

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Book value of real estate, exclusive of all incumbrances .$ 37,193,568 75

2. Loans on mortgages (first liens) on real estate . . . 70,006^274 15

3. Loans secured by pledge of bonds, stocks, or other

marketable collaterals

17 621 000 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

14,108 674 51

6. Book value of bonds and stocks owned, excluding ac-

crued interest at time ofipurchase

168,289.74S 00

7. Cash in company's office . . .

9 g2i 54

8. Cash deposited in bank, in trust companies at interest. 25,842^619 66

10. Agents' ledger balances

,

978,,:i52 97

11. Total net or ledger assets

" . . . . 334,049,959 68

OTHER ASSETS.

14. Interest due, $35,028.26; and accrued,

$288,690.02, on mortgages

$ 323,718 28

15. Interest due, $ ; and accrued on stocks

and bonds

2,275,407 00

16. Interest due, $

; and accrued on col-

lateral loans

86i708 00

18. Interest due on bank balances

135,720 64

COMPTROLLER-GENERAL'S REPORT.

J75

19. Rents due, $54,559.17 ; and accrued, $105,953.61, on company's property or lease . $ 160,512 78

Less paid in advance

2,982,066 70 339,158 66

Total carried out

$ 2,642,908 04

Market value of bonds and stocks over book value . . . 15,797,955 00

23. Gross premiums due and Ne<r Business. Renewals.

unreported on policies in

force December 31, 1902 . $ 1,612,926 00 $ 4,047,064 00

24. Gross deferred premiums on

policies in force December

31, 1902

363,008 00 2,607,896 00

Totals

1,975,934 00

25. Deducting loading, 20 per

cent, on "new," and 20

percent, on "renewals.". 395,187 00

26. Net amount of uncollected and deferred premiums . 1,580,747 00
Extended

Total assets, as per books of the company

6,654,960 00
1,330,992 00
5,323,968 00 6,904,715 00
359,395,537 72

ITEMS NOT ADMITTED.
Agents' balances

978,252 97

Total admitted assets

$358,417,284 75

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to

the actuaries' table of mortality, with

four per cent, interest, and the Ameri-

can experience table of mortality with

three and three and a half per cent.

interest

$279,450,753 00

Net reinsurance reserve

$279,450,753 00

Claims for death losses due and unpaid . $ 108,823 00

Claims for matured endowments due and

unpaid

269,253 53

Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due

360,987 00

Claims for death losses and other policy

claims resisted by the company. . . , Amountsdue and unpaid on annuity claims

37,300 00 65,165 98

Claims for death losses reported and no

proofs received

1,745,084 00

Total policy claims

2,586,613 51

11. Due and unpaid on supplementary contracts not involving life contingencies

565-6

176

COMPTROLLER-GENERAL'S REPORT.

12. Premiums paid in advance including surrender values

so applied

$

13. Dividends or other profits due policy-holders and those

contingent and outstanding and deferred premiums

16J- Present value of amounts not yet due on supplementary

contracts not involving life contingencies

387,794 00 600,721 18 1,250,594 00

17. Liabilities on policy-holders' account

284,268,040 95

18. Gross surplus, and capital stock, $100,000.00, on policy-

holders' account

74,149,243 80

19. Total liabilities .'

$358,417,284 75

Businest in Georgia during 1902.
No.
Number and amount of policies on the lives of

citizens in Georgia in force December 31 of

previous year

4521

Number and amount of policies on the lives of cit-

izens of Georgia issued during the year . . . 1937

Amount.
$12,135,105 00 3,307,427 00

Total

6458 $15,442,532 00

Deduct number and amount which have ceased to

be in force during the year

1000 2,108,284 00

Total number and amount of policies in force in Georgia, December 31, 1902 . . 5458 $13,334,248 00

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year ....

No.

Amount.

1 $ 2,000 00

Amount of losses and claims on policies in Georgia

incurred during the year

55

170,645 00

Total

56 $ 172,645 00

Amount of losses and claims on policies in Georgia

paid during the year

55

$171,395 00

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, cash. $

424,589 91

FEDERAL LIFE INSURANCE COMPANY, CHICAGO, ILL.

ISAAC MILLER HAMILTON, President.

J. C. DENISON, Secretary.

Principal Office, 204 Dearborn Street, Chicago.

E. A. Fox, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid up

in cash

$ 150,000 00

Amount of net or ledger assets December 31

of previous year

$ 141,051 02

Extended at

$

141,051 02

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new policies,

without deductions for commissions or oth-

er expenses

I

1J. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

2. Premium notes, loans or liens taken in part

payment for premiums on new policies . .

2. Premium notes, loans or liens taken iu part

payment for renewal premiums ......

48,680 99
38,368 98 2,231 42 2,314 53

Total 8. Deduct amount of premiums paid to other
companies for reinsurance on policies in this company, new business, $554.49; renewals, $720.38

91,601 92 1,274 87

7. Total premium income

f

8. Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned, and dividends

on stock

10. Cash received for interest on premium notes, loans or

liens. . .

11. Cash received for interest on other debts due the com-

pany

14. Cash received for profits on sales of bonds or stocks . .

19. From all other sources, viz.: Premiums paid in advance,

$112.48; from general agencies, $1,212.05

Total income

: $

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including revis-

ionary additions

$

Endowments

8.400 00 3,740 00

7. Total net amount actually paid for losses and matured endowments
9. Premium notes, loans or liens used in purchase of surrendered policies, $346.88; voided by lapse, $3,094.73

4,660 00 3,441 61

Total paid policyholders 17. Cash paid for commissions and bonuses to
agents (less commission on reinsurance), new policies, $30,938.27; renewals, $3,552.16 18. Cash paid for salaries and allowances to managers and agents, including traveling and other expenses
12 in

. $ 34,490 43 14,311 15

177
90,327 05 3,787 42
875 12 240 03 517 34 73 00 1,324 53 97,144 4!i
8,101 61

178

COMPTROLLER-GENERAL'S REPORT.

19. Cash paid for medical examiners' fees, $3,-

683.65; inspection of risks, $121.15

$'

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 and

renewals

23. Cash paid for insurance department fees and

agents' licenses

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $1,184.72; print-

ing, $3,050.81; postage, $1,707.70

28. Cash paid for legal expenses

29. Cash paid for the following items, viz.: loss

on sale of securities, $73.00; library, $217.50;

miscellaneous expense, $659.92; light,

$91.23; incidental expense, $175.30; ex-

change and collecting premiums, 125.23;

expense on investments, $19.00; telegrams

and 'phone, $236.00

3,804 80
17,046 67 725 88 633 75
2,599 96 395 02
5,943 23 25 00
1,497 18

Total miscellaneous expenses

30. Total disbursements

$

IV.--ASSETS AS PER LEDGER ACCOUNTS.

2. Loans on mortgage (first liens) on real estate

$

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

*4"S Loans made in cash to policyholders on this company's

policies assigned as collateral
5. Premiu'r!11 notes, loans or liens on policies in force, of which &11435.24 was received during the year ....

6. Cost value of" bonds and stocks owned, excluding accrued

interest at th'ne of purchase

7. Cash in company's office

.......

8. Cash deposited in"..banks $2,800.00, on interest; $5,607.58

not on interest

10. Agents' ledger balances advanced during the year ... Due from other solvent companies

11. Total net or ledger assets

OTHER ASSETS.

14. Interest due $ , and accrued on mortgages. $ 17. Interest due $ , anc 1 accrued on premium
notes, loans or liens 18. Interest due $ ,and accrued on other assets
Total carried out 21. Market value of bond s and stocks over cost

1,480 40
267 92 14 88
.

81,473 07 89,5 74 68
75,200 00 18,558 63 3,251 68 3,731 94 22,000 00 15,396 84
8,407 58 1,955 39
118 77 148,620 83
1,763 28 1,213 50

COMPTROLLER-GENERAL'S REPORT.

179

New Business. Renewals.

23. Gross premiums due and unre-

ported on policies in force De-

cember 31, 1902

$ 42,996 38

24. Gross deferred premiums on pol-

icies in force December 31,1902 3,153 39 $ 3,925 CO

Totals 25. Deduct loading 60 per cent on
"new" and 20 per cent, on "renewals"

46,149 77 27,689 86

3,925 60 785 12

20. Net amount of uncollected and deferred premiums
27. Furniture, fixtures and safes

18,459 91

3,140 48 $ 21,600 39

....

3,500 00

28. Total assets, as per the books of the company . . . .

176,697 92

ITEMS NOT ADMITTED.

2. Furniture, fixtures and safes

$

4. Cash advanced to, or in hands of, officers or

agents

8. Supplies, printed matter and stationery . . .

1,200 00
1,955 39 2,300 00

Total

9. Total admitted assets

V.--LIABILITIES.

Net present value of all the outstanding pol-

icies in force on the 31st day of Decem-

ber, 1902, computed according to the actu-

aries' table of mortality, with 4 per cent,

interest

$

Deduct net value of risks of this company re-

insured in other solvent companies

$
64,059 00 1,616 00

Net reinsurance reserve

2. Premium notes or loans on policies and other

obligations in excess of the net value of

their policies

$

8. Present value of unpaid amounts on matured

installment policies (face $8,100.00)....

$
6,264 47 5,622 67

Total policy claims 16. Amount of any other liability of the company, viz.:
Premiums paid in advance, $112.48; commissions due when notes are paid, $638.80 Bonuses, $655.00; medical examinations, $479.00; due Federal Agency Co. of Wisconsin, $1,212.05

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

19. Total liabilities

$

5,455 39 171,242 53
62,443 00
11,887 14 751 28
2,346 05 77,427 47 93,815 06 171,242 53

180

COMPTROLLER-GENERAL'S REPORT.

VI.--PREMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on hand De-

cember 31 of previous year

$

2. Premium notes, loans or liens received dur-

ing the year on new policies, $6,089.63; on

old policies, $5,024.43

5,422 78 11,114 06

Total

Amount of notes, loans or liens voided by

lapse

$

Amount of notes, loans or liens redeemed by

maker in cash

* 3,094 73 6,458 49

Total reduction of premium note account

Balance, note assets at end of the year

$

16,536 84
9,553 22 6,983 62

FIDELITY MUTUAL LIFE INSURANCE COMPANY, PHILADELPHIA, PA.

L. G. FOUSE, President.

W. S. CAMPBELL, Secretary.

Principal Office, 112-116 North Broad Street, Philadelphia, Pa.

N. F. JACKSON, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of ledger assets December 31 of pre-

vious year

$ 3,740,456 73

Extended at

$ 3,740,456 7:!

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$ 471,677 02

]J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

2,049,465 54

2. Premium notes, loans, or liens taken in

part payment for premiums on new

policies

0,582 66

2\. Premium notes, loans, or liens taken in

part payment for renewal premiums . 120,471 50

3. From dividends applied to pay running

premiums

16,011 66

o. Consideration for annuities, other than

matured installment policies

10,769 63

Total

2,718,978 01

COMPTROLLER-GENERAL'S REPORT.

181

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, 5247.75;

renewals, $2,442.31; total

g

2,690 06

7. Total premium income

... $ 2'71^2SJ ^

8. Cash received for interest on mortgage loans . . .

12.1 HJ

9.

Cash received for interest on bonds owned, and divi-

dj endjs on s*toc,,kv

....

60,'113 41

10.

Cash received for interest on premium notes, loans, or

,l.iens

....

32,619 84

11. Cash received for interest on other debts due the com-
pany 13. Cash received for rents for use of company's property,
including $32,500.00 for company's own occupancy . .

28,90U oZ
83,143 2L

14. Cash received for profits on sales of bonds or stocks, $1 ,726.69 ; real estate, $3,185.23; total

4>911 92

19.

From all other sources, viz.: Pl.l.C.leS

Fees for alterations of ...

Ledger liabilities of previous year



115 50 _W241_6L9

Total income

* 2,938,765 84

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 1,135,526 51

6. Cash paid for sums falling due during the

year on installment policies

7,020 59

Total

L142-547 10

6. Deduct amount received from other com-

panies for losses or claims on policies of

this company reinsured

10,000 00

7. Total net amount actually paid for losses

and matured endowments

8. Cash paid to annuitants

11. Cash dividends applied to pay running

premiums

12. Cash dividends applied to purchase paid-

up additions and annuities . .

14. Surrender values applied to pay running

premiums



1,132,547 10 771 87
15,5/) 16,011 66
50,257 86

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $311,223.15 ; renewals, $75,-

935.48 ; annuities, $138.4?

S

18. Cash paid for salaries and allowances to

managers and agents

$ 1,215,167 65
387,297 05 97,931 /3

182

COMPTROLLER-GENERAL'S REPORT.

Agency supervision, traveling and all

other expenses

$

19. Cash paid for medical examiners' fees,

$41,269.25; inspection of risks, $16,746.78

Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on premiums, $38,-

267.01; franchise, $56.12

22. Cash paid for taxes on reserves, $481.31;

on investments, $15,810.48

23. Cash paid for insurance department fees

and agents' licenses, $8,208.99; munici-

pal licenses, $1,006.00

24. Cash paid for rent, including $32,500.00

for company's 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, $25,137.09;

printing, $29,212.17; postage, $17,334.09.

28. Cash paid for real estate expenses, other

than taxes, $23,748.33; for legal expenses,

$11,242.81

29. Cash paid for the following items, viz. :

Expressage and telegrams, $4,389.13;

janitor, $662.96; banks and collectors for

collecting premiums, $7,599.20 ; library,

$1,143.39; miscellaneous expenses, $22,-

012.75; total

Total miscellaneous expenses

41,901 83 58,016 03
151,281 52 38,323 13 16,291 79
9,214 99 50,021 75 2,659 47 5,941 46 71,683 35
34,991 14
35,807 43 1,001,362 67

30. Total disbursements

$ 2,216,530 32

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances..$ 1,348,427 34

2. Loans on mortgage (first liens) on real estate

235,679 45

3. Loans secured by pledge of bonds, stocks or other mar-

ketable collaterals

135,813 59

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

359,834 80

5. Premium notes, loans, or liens on policies in force, of

which $50,582.66 was received during the year . . . 171,054 16

Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

1,706,821 86

Cash in company's office.

1,406 92

Cash deposited in banks

201,282 66

9. Bills receivable

15,547 81

10. Agents' ledger balances, of which $47,476.80, was ad-

vanced during the year

2S6,823 66

Total net or ledger assets

4,462,692 25

ilium

COMPTROLLER-GENERAL'S REPORT.

183

OTHER ASSETS.

14. Interest due, $1,959.00; and accrued, $3,-

948.60 on mortgages

$

15. Interest due, $750.00; and accrued, $19,-

768.35 on bonds and stocks

16. Interest due, $

; and accrued on col-

lateral loans

19. Rents due . . .

5,907 60
20,518 35
432 83 548 20

Total carried out

20. Market value of real estate over cost. . . . 21. Market value of bonds and stocks over cost

23. Gross premiums due and un- New Business. Renewals.

reported on policies in force

December 31, 1902 .... $ 26,254 96 $ 74,101 73

24. Gross deferred premiums on

policies in force December

31, 1902

78,999 18 278,496 24

27,406 98 4S,122 66 68,416 29

Totals

105,254 14 352,597 97

25. Deducting loading, 20 per cent. 21,050 83 70,519 59

26. Net amount of uncollected and deferred premiums . .
Extended

84,203 31

282,078 38

366,281 69

28. Total assets, as per books of the company

4,972,919 87

Agents' balances Bills receivable

ITEMS NOT ADMITTED.
$ 286,823 66 15,547 81

Total

302,371 47

9. Total admitted assets

, $ 4,670,548 40

V.--LIABILITIES.

1. Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, computed according to the

actuaries' table of mortality, with four

per cent. interest, and American table

with four per cent, interest

$ 3,802,831 00

Deduct net value of risks of this com-

pany reinsured in other solvent companies

2,172 00

Net reinsurance reserve

2. Premium notes or loans on policies and

other obligations in excess of the net

value of their policies

$

">. Claims for death losses and matured en-

dowments in process of adjustment,

proofs not complete

$ 3,800,659 00 7,272 31 27,500 00

184

COMPTROLLER-GENERAL'S REPORT.

6. Claims for death losses and other policy claims resisted by the company .... $
6J. Claims for death losses which have been reported and no proofs received ....
8. Present value of unpaid amounts on matured instalment policies (face, $98,256.38)

11,000 00 50,348 05
71,957 23

Total policy claims

$

10. Amount of all unpaid dividends of surplus, or other de-

scription of profits due policy-holders

13. Amount due on account of salaries, rents and office

expenses ... .

16. Amount of any other liability of the company, viz.:

Premiums paid in advance

Commission due to agents on premium notes when paid

174,077 59
11,488 04 23,162 40
2,084 63 29,394 33

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

, 4,040,865 99 629,682 41

19. Total liabilities

21. Estimated surplus accrued on all other

policies

.$

$ 4,670,548 40 629,682 41

VI.--PEEMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on hand

December 31 of previous year

$

2. Premium notes, loans or liens received

during the year on new policies, $196,-

438.81; on old policies, f349,961.29 . .

Total Amount of notes, loans or liens voided by
lapse Amount of notes, loans or liens redeemed
by maker in cash

133,251 65
546,400 10 $ 679,651 75
37,017 57 471,580 02 508,597 59

Balance, note assets at end of the year

$ 171,054 16

Business in Georgia during 1902.

No. Number and amount of policies on the lives of citi-

Amount.

zens of Georgia in force December 31 of pre-

vious year

1096 $ 2,383,654 50

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year .... 274

492,828 00

Total

1370

Deduct number and amount which have ceased to

be in force during the year

221

2,876,482 50 494,067 00

Total number and amount of policies in force in Georgia, December 31, 1902 . . 1149 % 2,382,415 50

COMPTROLLER-GENERAL'S REPORT.

185

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year - ...
Amount of losses and claims on policies in Georgia incurred during the year

No.
2 $ 22

Total

24 $

Amount of losses and claims on policies in Georgia

paid during the year

... 21 $

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, cash S61.608.84; notes or credits, $3,694.86; total ... $

6,000 00 37,620 43,620 75 39,120 75
65,303 50

FRANKLIN LIFE INSURANCE COMPANY, SPRINGFIELD, ILL.

EDGAE. S. SCOTT, President.

HENRY ABELS, Secretary.

D. C. BARROW, Thomasville, Attorney for Service in Georgia.

I.--CAPITAL.

1. Amount of net or ledger assets, December

31, of previous year

$ 1,298,762 38

Extended at

$ 1,298,762 38

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$

1J. Cash received for renewal premiums,without deductions for commissions or other

expenses 2. Premium notes, loans or liens taken in

part payment for premiums on new

policies 2J. Premium notes, loans or liens taken in
part payment for renewal premiums .

3. From dividends applied to pay running

premiums

292,363 01
453,421 95 45'85i 10 96,966 603,656 ^

Total

S

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $4,808.94;

renewals, 16,128.88

892>263 "' 1Q'i)H7 82

7. Total premium income

f

8. Cash received for interest on mortgage loans . . . .

9. Cash received for interest on bonds owned, and divi-

dends on stocks

m'fj' ''' 9,258 08
5'li01 97

186

COMPTROLLER-GENERAL'S REPORT.

10. Received for interest on premium notes, loans or liens . $ 11. Cash received for interest on other debts due the com-
pany 13. Cash received for rent for use of company's property . . 17. Premium notes, loans or liens restored by revival of
policies 19. From all other sources, viz.: Security and trust funds,
$1,375.63 ; reserve premium receipts, $5,2S8.06

Total income

$

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 219,573 55

2. Premium notes, loans or liens used in

payment of the same

1,579 02

7. Total net amount actually paid for losses and matured

endowments

$

9. Premium notes, loans or liens used in purchase of sur

rendered policies, voided by lapse 11. Cash dividends applied to pay running premiums . . . 13. Surrender values paid

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $227,038.57; renewals, $66,-

21044

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$13,836.92; inspection of risks, $6,211.83 .

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on premiums 22. Cash paid for taxes on reserves, $ ; on

investments, $3,209.97

23. Cash paid for insurance department fees

and agents' licenses, $4,747.48; munici-

pal licenses, $50.00

24. Cash paid for rent

2rt. Cash paid for furniture, fixtures and safes

for home and agency offices 27. Cash paid for advertising, $329.00; print-

ing, $6,682.98

28. Cash paid for real estate expenses, other

than taxes, $626.03; for legal expenses,

$3,877.79

......

29. Cash paid for the following items, viz.:

Postage, $3,240.74; loss on sale of real

estate, $257.51; collection, $1,290.02; mis-

cellaneous, $4,212.19

Total miscellaneous expenses 30. Total disbursements

293,249 01 28,504 44 20,048 75
38,893 13 6,046 37 3,209 97
4,797 48 2,185 00
560 30 7,011 98
4,503 82
9,000 46
$

45,861 71 8,491 39 1,903 00 3,647 85 6,663 69
962,753 64
221,152 57 39,S20 51 3,656 11 49,444 15 314,073 34
418,010 71 732,084 05

COMPTROLLER-GENERAL'S REPORT.

187

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all iucumbrances. $ 2. Loans on mortgage (first liens) on real estate. 4. Loans made to policy-holders on this company's policies 5. Premium notes, loans or liens on policies in force, of
which $142,822.70 was received during the year ....
6. Cost value of bonds and stocks owned, excluding accrued interest at time of purchase
Cash in company's office
8. Cash deposited in banks 10. Agents' ledger balances

16,738 41 195,700 00 773,216 96
195,238 16
247,380 17 12,000 00 83,999 43 5'158 84

11. Total net or ledger assets

1,529,431 97

12. Deduct depreciation from cost of assets, to bring same

to market value

525 00

13. Total net or ledger assets, less depreciation

1,528,906 97

OTHER ASSETS.

14. Interest due, $ , and accrued, $3,893.09,

on mortgages

$

15. Interest due, $ , and accrued, $1,659.80, on bonds and stocks

17. Interest due, $ , and accrued, $21,889.60, on premium notes, loans or liens ....

18. Interest due, $ , and accrued, $256.39, on other assets

19. Rents due, $ , and accrued, $346.50, on

company's property or lease

Total carried out

3,893 09 1,659 80 21,889 60
256 39 346 50

28,045 38

New Business. Renewals.

23. Gross premiums due and unreported on policies in

force December 31, 1902. . $ 27,100 95 $ 34,133 10

24. Gross deferred premiums on policies in force December

31, 1902

84,736 14

Totals 25. Deducting loading, actual .

27,100 95 118,869 24 19,622 73 32,830 26

26. Net amount of uncollected and deferred premiums . .

7,478 22 86,038 98

Furniture, fixtures and safes ... .

28. Total assets, as per the books of the company

93,517 20 2,000 00 1,662,469 55

ITEMS NOT ADMITTED.

Furniture, fixtures and safes Agents' balances

$ 2,000 00 5,158 84

188

COMPTROLLER-GENERAL'S REPORT.

Bills receivable, loading on premium

notes

$

Total

2,595 26 $

9,731 10

Total admitted assets



$ 1,642,735 45

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest

$ 1,241,603 00

Deduct net value of risks of this company

reinsured in other solvent companies . .

5,111 00

Net reinsurance reserve

Premium notes or loans on policies and

other obligations in excess of the net

value of their policies

$

Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due

Claims for death losses and other policy

claims resisted by the company ....

$ 1,236,492 00 91,948 60 15,444 39 13,000 00

Total policy claims

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, $5,170.05; trust funds re-

turnable at death, $15,563.11: funds held for special

class of policies, $111,585.98; funds held for all other

contingencies, $149,315.35

120,392 99 4,215 97
281,634 49

19. Total liabilities

S 1,642,735 45

VI.--PREMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on haud

December 31 of previous year

$ 139,262 77

Premium notes, loans or liens received

during the year on new policies,$45,856.10;

on old policies, $96,966.60

142,822 70

Restored by revival of policies

3,647 85

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 voided by

lapse

'

Amount of notes, loans or liens redeemed

by maker in cash

$ 285,733 8
1,579 02 39.820 51 49,095 63

Total reduction of premium note account ....

90,495 16

Balance, note assets at end of the year

$ 195,23S 16

-.

;

COMPTROLLER-GENERAL'S REPORT.

189

Business in Georgia during 1902.

No.

Amount.

Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

vious year

950 $ 1,314,164 00

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year .... 865 1,253,350 00

Total

1,815

Deduct number and amount which have ceased to

be in force during the year

527

2,597,514 00 770,040 00

Total number and amount of policies in force in Georgia December 31, 1902 -. . 1,288

No.

Amount of losses and claims on policies in Georgia

incurred during the year

6

$1,827,474 00
Amount.
9,596 43

Amount of losses and claims on policies in Georgia

paid during the year

5

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 . .

6,575 73 66,562 54

GERMANIA LIFE INSURANCE CO., NEW YORK.

CORNELIUS DOREMUS, President.

CARL HEYE, Secretary

Principal Office, 20 Nassau Street, New York.

A. C KIXG, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 200,000 00

Amount of net or ledger assets December 31

of previous year

$27,754,447 45

Extended at

I 27,751,447 45

II.--INCOME DUBING YEAR 1902.

1. Cash received for premiums on new policies,

without deductions for commissions or

other expenses

$ 527,866 54

1$. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

3,046,02- 72

3 From dividends applied to pay running pre-

miums

125,958 16

3J. From dividends applied to purchase paid-up

additions and annuities

29,739 52

4j. From surrender values applied to purchase

paid-up insurance and annuities

114,668 15

190

COMPTROLLER-GENERAL'S REPORT.

5. Consideration for annuities, other than ma-

tured installment policies

$ 30,078 14

Total

13,874,333 23

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $ ; renew-

als

5,699 50

7. Total premium income 8. Cash received for interest on mortgage loans

$ 3,868,633 73 683,787 55

9. Cash received for interest on bonds owned, and dividends

on stocks

357,567 75

10. Cash received for interest on premium notes, loans or

liens

92,436 86

11. Cash received for interest on other debts due the com-

pany.

9,930 48

13. Cash received for rents for use of company's property,

including $27,760.00 for company's own occupancy

223,237 11

14. Cash received for profits on sales of bonds or stocks,

$ , real estate

318,072 24

19. From all other sources, viz.: Policy fees, $2,003.98; con-

sideration for supplementary contracts involving life

contingencies, $69.65; not including life contingen-

cies, $4,045.25

6,118 88

Total income

$5,559,784 60

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re vis-

ionary additions

$1,119,742 78

3. Cash paid for matured endowments, and ad-

ditions thereto

756,302 24

7. Total net amount actually paid for losses and matured

endowments

..$ 1,876,045 02

8. Cash paid to annuitants, including $275.00

on matured installment policies

30,260 25

10. Cash dividends paid policy-holders on paid-

up policies

34,026 08

11. Cash dividends of 1902 applied to pay run-

ning premiums due in 1902

125,958 16

12. Cash dividends applied to purchase paid-up

additions and annuities

29,739 52

13. Surrender values paid in cash

213,159 15

15. Surrender values applied to purchase paid-

up insurance and annuities

114,668 15

Total paid policy-holders

$ 2,423,856 33

16. Cash paid stockholders for interest and divi-

dends

$ 24,000 00

-:,--^V^->^<.>\;-^.;v ,.

OOMPTROLLER-GENEKAL'S REPORT.

191

17. Cash paid for commissions and boauses to

agents (less commission on reinsurance)

new policies, $327,104.09; renewals, $149,-

558.78

476,663 47

18. Cash paid for salaries and allowances to

managers and agents

192,405 14

19. Cash paid for medical examiners' fees, $41,-

189.35; inspection of risks, $525.32

41,714 67

20. Cash paid for salaries and all other compen-

sation of officers and other home office em-

ployees-

103,434 65

Cash paid for taxes on new premiums and

on renewals

34,957 21

22. Cash paid for taxes on real estate
23. Cash paid for insurance department fees and agents' licenses, $2,685.66; municipal

35,736 98

licenses, $2,908.11

5,593 77

24. Cash paid for rent, company's occupancy... 25. Cash paid for computing commissions 26. Cash paid for furniture, fixtures and safes
for home and agency offices

27,760 00 180 70
6,039 46

27. Cash paid for advertising, $20,874.11; print-

ing, $17,160.62

38,034 73

28. Cash paid for real estate expenses, other than taxes, $86,223.19; for legal expenses,

$5,729.60

91.952 79

29. Cash paid for the following items, viz.: Stationery, $871.20; postage, $13,618.27; ex-

pressage, exchange and other expenses,

$31,074.53 ; losses on sales of bonds, $11,205. 56,769 00

Total miscellaneous expenses

1,135,242 57

30. Total disbursements 31. Deduct cash in transit included in ledger assets, Dec.
31, 1901, first year, $1,474.55, renewal, $156,890.60; reductions of real estate valuations voluntarily made by the company, 130,602.90

3,559,098 90 288,968 05

$ 3,270,130 85

IV.--ABSETS AS PER LEDGER ACCOUNTS.

Book value of real estate, exclusive of all incumbrances$ 2,830,346 87

Loans on mortgage (first liens) on real estate

.... 14,540,604 50

Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,634,297 85

Book value of bonds and stocks owned, excluding accrued interest at time of purchase
7. Cash in company's office 8. Cash deposited in banks

9,772,004 38 2>80- 3
686,109 17

11. Total net or ledger assets

29,466,165 10

192

COMPTROLLER-GENERAL'S REPORT.

OTHER ASSETS.

14. Interest due, $10,161.84, and accrued, $252,-

882.98 on mortgages

$ 263,044 82

15. interest due and accrued on bonds and

stocks

75,771 38

17. Interestdue and accrued on premium notes,

loans, or liens

,

153 74

19. Rents due, $1,206.66 ; and accrued, $6,208.33 ;

on company's property or lease

7,215 00

Total carried out

$

21. Market value of bonds and stocks over book value New Business. Renewals.

23. Gross premiums due and unre-

ported on policies in force De-

cember 31, 1902

$ 14,776 50$ 386,347 34

24. Gross deferred premiums on pol-

icies in force December 31, 1902 3S,061 97 318,507 69

346,184 94 296,018 39

Totals 25. Deducting loading 22.50 per cent,
on "new," and 22.50 per cent, on "renewals"
26. Net amount of uncollected and deferred premiums Extended

52,838 47 704,855 03 11,888 65 158,592 38 40,9 82 546,262 65

587,212 47

28. Total assets as per the books of the company

$ 30,695,580 90

V.--LIABILITIES.

1. Net present value of all the outstanding pol-

icies in force on the 31st day of December,

1902, computed according to the Actuaries'

table of mortality, with four per cent, in-

terest, and the American experience table

of mortality with three and a half and three

per cent, interest

$26,134,117 00

Deduct net value of risks of this company

reinsured in other solvent, companies

38,029 00

Net reinsurance reserve..

$ 26,096,088 00

3. Claims for death losses due and unpaid

2,055 13

4. Claims for matured endowments due and

unpaid

8,365 22

5. Claims for death losses and matured endow-

ments in process of adjustment or adjust-

ed and not due

114,258 52

6. Claims for death losses and other policy

claims resisted by the company

1,500 00

7. Amounts due and unpaid on annuity claims 2,059 33

8. Present value of unpaid amounts on ma-

tured installment policies (face $5,225)

3,879 02

Total policy claims

132,117 22

^^^^

COMPTROLLER-GENERAL'S REPORT.

193

10. Amount of all unpaid dividends of surplus or other de-

scription of profits due policy-holders

$

16. Amount of any other liability of the company, viz.: Pre-

miums paid in advance, $8,874.93; liability on policies

cancelled upon which a surrender value may be de-

manded, $6,222.54; extra reserve for absolute dividend

accumulation, war and world policies,$90,803.04

41,599 73 105,900 51

17. Liabilities on policy-holders'account

..,.,

18. Gross surplus on policy-holders'account

26,375,705 46 4,319,875 44

19. Total liabilities

$30,695,580 90

20. Estimated surplus accrued on tontine or

other policies, the profits upon which are

especially reserved for that class of policies$l,114,540 97

21. Estimated surplus accrued on all other pol- '

icies

3,205,334 47

Business in Georgia during 1902.
No.

Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year,

revised

168

Number and amount of policies on the lives of citizens

of Georgia issued during the year

184

Amount.
$227,813 00 260,100 00

Total

352

Deduct number and amount which have ceased to be in

force during the year

32

487,913 00 40,150 00

Total number and amount of policies in force

in Georgia December 31, 1902

320 $ 447,763 00

No. Amount.

Amount of losses and claims on policies in Georgia in-

curred during the year

1 % 1,000 00

Amount of losses and claims on policies in Georgia paid

during the year

1 %

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,cash.$

1,000 00 13,681 64

ll in

194

COMPTROLLER-GENERAL'S REPORT.

HOME LIFE INSURANCE COMPANY OF NEW YORK, N. Y.

GEO. E. IDE, President.

ELLIS W. GLADWIN, Secretary.

Principal Office, 256 Broadway, New York City.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

$ 125,000 00

Amount of net or ledger assets December

31 of previous year

$12,722,598 68

Extended at

$12,722,598 68

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 430,813 65

U. Cash received for renewal premiums,

without deductions for commissions or

other expenses

1,798,010 95

Premium notes, loans or liens taken in

part payment for premiums on new pol-

icies

37 37

2i. Premium notes, loans or liens taken in

part payment for renewal premiums . .

83,458 21

3. From dividends applied to pay running

premiums

27,S57 00

8J. From dividends applied to purchase paid-

up additions and annuities

159,161 74

4J. From surrender values applied to pur-

chase paid-up insurance and annuities .

461 00

5. Consideration for annuities, other than

matured installment policies

61,888 79

Total

$ 2,561,688 71

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company: New business, $4,062.18 ;

renewals, $13,000.65

17,062 83

7. Total premium income

I I 2,544,625 88

8. Cash received for interest on mortgage loans

186,630 69

9. Cash received for interest on bonds owned, and divi-

dends on stock

258,434 89

10. Cash received for interest on premium notes, loans or

liens

84,009 39

11. Cash received for interest on other debts due the com-

pany

1,178 16

13. Cash received for rents for use of company's property,

including $24,000.00 for company's own occupancy . .

99,406 52

14. Cash received for profits on sales of bonds and stocks .

43,081 78

Total income

$ 3,217,307 31

COMPTROLLER-GENERA.L'S REPORT.

195

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

5

2. Premium notes, loans or liens used in

payment of the same

3. Cash paid for matured endowments, and

additions thereto

4. Premium notes, loans or liens used in the

payment of same

698,302 82 19,833 09 222,462 95 4,180 84

7. Total net amount actually paid for losses and matured

endowments

$

8. Cash paid to annuitants

9. Premium notes, loans or liens used in purchase of sur-

rendered policies

9J. Premium notes, loans or liens used in payment of divi-

dends to policy-holders

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running premiums . - .

12. Cash dividends applied to purchase paid-up additions

and annuities

13. Surrender values paid in cash

15. Surrender values applied to purchase paid-up insurance

and annuities

944,779 70 30,720 98
16,879 31
19,793 71 4,922 49 27,857 00
159,161 74 135,357 53
461 00

Total paid policy-holders

16. Cash paid stockholders for interest or

dividends

$

17. Cash paid for commissions and bonuses

to agents (less commission on reinsur-

ance): New policies, $218,743.62; renewals,

$130,731.59

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$35,017.35; inspection of risks, $2,247.89.

20. Cash paid for salaries and all other com-

pensation of officers and other home

ollice employees

21. Cash paid for taxes on new premiums

and renewals

22. Cash paid for taxes on reserves, $ ; on

investments, $16,107.36

23. Cash paid for insurance department fees

and agents' licenses, 15,579.71; munici-

pal licenses, $2,383.01

24. Cash paid for rent, including $24,000.00

for company's own occupancy

25. Cash paid for commuting commissions .

27. Cash paid for advertising, $19,089.89;

printing and stationery, $17,185.12 . . .

$ 1,339,933 46 15,000 00
349,475 21 129,826 58 37,265 24
110,471 33 28,879 50 16,107 36
7,962 72 24,000 00 22,620 00 36,275 01

196

COMPTROLLER-GENERAL'S REPORT.

28. Cash paid for real estate expenses, other

than taxes, $34,835.45; for legal expenses,

$12,490.11

$

29. Cash paid for the following items, viz.:

Directors' fees, $3,610.00; discounts on

premiums paid in advance, $973.32; profit

and loss, $460.73; miscellaneous office ex-

penses, $7,136.40; traveling expenses, $2,-

488.05; exchange,$848.60; postage,$3,092.00

Total miscellaneous expenses

30. Total disbursements

47,325 56
18,609 10 $ 843,817 61 $ 2,183,751 07

IV.--ASSETS AS PEK LEDGER ACCOUNTS.

Cost value of real estate, exclusive of all incumbrances. $ 1,671,719 59

Loans on mortgage (first liens) on real estate

4,223,725 00

Loans secured by pledge of bonds, stocks or other mar-

ketable collaterals

25,950 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

742,707 30

5. Premium notes, loans or liens on policies in force, of

which 183,495.58 was received during the year .... 504,333 70

6. Cost value of bonds and stocks owned,excluding accrued

interest at time of purchase

6,124,505 39

Cash in company's office

1,988 37

Cash deposited in banks

430,029 59

10. Agents' ledger balances, of which $1,516.25 was ad-

vanced during the year

31,255 98

11. Total net or ledger assets

13,756.214 92

OTHER ASSETS.
14. Interest due and accrued on mortgages . $ 15. Interest due and accrued on bonds and
stocks 16. Interest due and accrued on collateral
loans 18. Interest due and accrued on other assets . 19. Rents due and accrued on company's prop-
erty or lease
Total carried out 20. Market value of real estate over cost 21. Market value of bonds and stocks over cost

15,797 20
46,552 25 463 75 500 00
3,867 76

New Business. 23. Gross premiums due and

Renewals.

unreported on policies in

force December 31, 1902 . . $ 78,151 29 $ 123,333 92

67,180 96 95,516 68 259,429 02

COMPTROLLER-GENERAL'S REPORT.

197

24. Gross deferred premiums on

policies in force December

31, 1902

$ 28,531 28 $ 130,908 77

Totals

$ 106,082 57

25. Deduct loading, 21 per cent.,

on "new," and 21 per cent.

on "renewals"

22,403 34

254,242 69 53,390 96

26. Net amount of uncollected and deferred premiums . . $ 84,279 23 $ 200,851 73

Extended at

285,130 96

28. Total assets, as per the books of the company

14,463,472 54

ITEMS NOT ADMITTED.
5. Agents'balances 9. Total admitted assets

31,255 98 $14,432,216 56

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries table of mortality, with four

per cent. interest,and the American table,

with three and three and one half per

cent, interest

$12,921,146 00

Deduct net value of risks of this company

reinsured in other solvent companies . .

53,898 00

Net reinsurance reserve

4. Claims for matured endowments due and

unpaid

$

6. Claims for death losses and other policy

claims resisted by the company ....

8. Present value of unpaid amounts on

matured installment policies (face, $26,-

000.00)

9J. Death losses reported, and no proofs re-

ceived

$12,867,248 00 2,044 60 9,000 00
20,422 00 65,183 80

Total policy claims 10. Amount of all unpaid dividends of surplus, or other
description of profits due policy-holders
16. Amount of any other liability of the company, viz.: Premiums paid in advance
To meet fluctuation in prices of securities and other
contingencies

96,650 40 6,113 51 38,796 85 100,000 00

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders'account

13,108,808 76 1,323,407 80

19. Total liabilities

$14,432,216 56

]98

COMPTROLLER-GENERAL'S REPORT.

VI.--PREMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on hand December 31 of

previous year

$

2. Premium notes, loans or liens received during the year

on new policies, $37.37; on old policies, 183,458.21 . .

501,344 63 83,495 58

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 policy-holders .

Amount of notes, loans or liens redeemed

by maker in cash

24,063 93 16,87931 19,793 71 19,769 56

584,840 21

Total deduction of note account

80,506 51

Balance, note assets at end of the year

$ 504,333 70

Business in Georgia during 1902.

No.

Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

vious year

288

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year . . . . 169

Total

457

Deduct number and amount which have ceased to

be in force during the year

. 98

Total number and amount of policies in force in Georgia December 31, 1902 ... 359

Amount.
$ 763,686 00 691,877 00
1,455,563 00 303,338 00
$ 1,152,225 00

No.

Amount of losses and claims on policies in Georgia

unpaid December 31 of previous year .... 1

Amount of losses and claims on policies in Georgia

incurred during the year

3

Amount.
$ 2,000 00 3,200 00

Total

4 $ 5,200 00

Amount of losses and claims on policies in Georgia

paid during the year

3 $

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: Cash,

$36,076.24: notes or credits, $1,056.04; total

$

4,200 00 37,132 28

COMPTROLLER-GENERAL'S REPORT.

199

HARTFORD LIFE INSURANCE COMPANY, HARTFORD, CONN.

GEORGE E. KEENEY, President.

CHARLES H. BACALL, Secretary.

Principal Office, 252 Asylum Street.

T. B. BROWN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.
1. Amount of capital stock paid up in cash . $ Extended at

500,000 00 % 2,687,383 81

II.--INCOME DURING THE YEAR.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses, less $350.18 for

reinsurance

$ 325,388 45

1 i. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses, less $660.18 for reinsurance . 2,032,999 57

2. Premium notes, loans, or liens taken in

part payment for premiums on new

policies.

19,514 00

2J. Premium notes, loans, or liens taken in

part payment for renewal premiums .

3,267 92

3. From dividends applied to pay running

premiums

61,132 02

7. Total premium income

$ 2,442,301 96

8. Cash received for interest on mortgage loans

12,276 18

9. Cash received for interest on bonds owned, and divi-

dends on stock

20,130 73

10. Cash received for interest on premium notes, loans, or

liens

3,202 68

11. Cash received for interest on other debts due the com-

pany

57,280 27

12. Cash received paid in advance

10,578 97

13. Cash received for rents for use of company's property,

including $5,000.00 for company's own occupancy . .

14,830 92

14. Cash received for profits on sales of bonds or stocks,

real estate, and all other

908 17

16. Death loss (1901) over payment returned

50 00

17. Safety fund deposit

12,728 04

18. Taxes collected

17,121 09

19. Agent's surety deposits



1,200 00

Total income

* 2,592,619 01

III.--DISBURSEMENTS DURING THE YEAR.

1. Cash paid for death claims, including re-

visionary additions

$ 1,727,006 40

7. Total net amount actually paid for losses

and matured endowments

1,727,000 40

200

COMPTROLLER-GENERAL'S REPORT.

9. Premium notes, loans, or liens used in pur-

chase of surrender policies, $

;

voided by lapse

$

11. Cash dividends applied to pay running

premiums

13. Surrender values paid in cash

Total paid policy-holders

16. Cash paid stockholders for interest or div-

idends

$

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $229,123.37; renewals, $86,-

427.80; total

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$30,375.95 ; inspection of risks, $6,294.63

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums,

$1,548.48; on renewals, $23,536.54 . . .

22. Cash paid for taxes on reserves, $1,500.00;

enfranchises, $1,671.71

23. Cash paid for insurance department fees

and agents'licenses, $5,061.85; munici-

pal licenses, $660.96

24. Cash paid for rent, including $5,000.00 for

company's occupancy

25. Repairs and expenses (other than taxes)

on real estate

26. Cash paid for furniture, fixtures and safes

for bome and agency offices

27. Cash paid for advertising, $9,373.50 ; print-

ing and stationery, $8,669.22; postage,

$9,529.97

28. Cash paid for real estate expenses, other

than taxes, $9,307.92 ; for legal expenses,

$6,071.57

29. Cash paid for the following items, viz.:

Taxes on real estate

Advance payments applied

Agency supervision, traveling and all

other agency expenses

Total miscellaneous expenses

30. Total disbursements

6,673 48 61,132 02
6,710 65 $ 1,801,522 55
40,000 00
315,551 17 10,037 62 36,670 58
91,425 90 25,085 02 3,171 71
5,722 81 12,066 22
974 67 11,476 60
27,572 69
15,379 49 3,693 04 10,729 23 8,822 71
618,979 46 $ 2,420,502 01

COMPTROLLER-GENERAL'S REPORT.

201

IV.--ASSETS AS PER LEDGER ACCOUNTS.

Cost value of real estate, exclusive of all incumbranees.$

Loans on mortgage (first liens) on real estate

Loans secured by pledge of bonds, stocks, or otber mar-

ketable collaterals



Loans made in cash to policy-holders on this company's

policies assigned as collateral

Premium notes, loans, or liens on policies in force . . .

Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

Cash in company's office

Cash deposited in banks, not at interest

Bills receivable

Deposited in trust companies and banks on interest . .

Safety fund in security company, Hartford

Total net or ledger assets

235,621 08 276,275 00
11,800 00
13,635 19 57,664 56
477,014 24 16,783 74 11,848 83 1,000 00 546,965 94
1,210,892 23 2,859,500 81

OTHER ASSETS.

14. Interest due $-- and accrued on mort-

gages . . . .

15. Interest due $-- and accrued on bonds

and stocks . 16. Interest due$- and accrued on collat-

eral loans .

17. Interest due $- - and accrued on pre-

mium notes, loans, or liens

18. Interest due S

and accrued on other

assets

19. Rents due $

and accrued on com-

pany's property or lease . .

4,040 73 5,457 78
140 45 102 68 756 17 819 24

Total carried out

20. Market value of real estate over cost

21. Market value of bonds and stocks over cost 23. Grosspremiumsdueandun- Nswbusmssg.

reported on policies in force

December 31, 1902 .

$ 62,706 24 $

24. Gross deferred premiums on

policies in force December

31, 1902

38,958 55

Totals 25. Deduct loading 60 per cent,
on "new," and 6 per cent. on "renewals,"

101,664 79 60,998 87

$ Renewals. 47,033 22
67,120 55 114,153 77
6,849 22

11,317 05 7,713 92 5,418 76

26. Net amount of uncollected

and deferred premiums . . 40,665 92 107,304 55

Extended at

$

Premiums in course of collection, safety fund department

147,970 47 198,250 00

28. Total assets, as per books of the company

$ 3,230,17101

202

COMPTROLLER-GENERAL'S REPORT.

ITEMS NOT ADMITTED.
6. Premium notes, or loans and net premiums in excess of reserve on policies .... $
7. Bills receivable 8. Depreciation in safety fund
Total
9. Total admitted assets

106 OO 1,000 00 34,330 08
$ 35,436 98
$ 3,194,734 03

V.--LIABILITIES.

1. Net present value of all outstanding pol-

icies in force on the 31st day of Decem-

ber, 1902, computed according to tbe

actuaries' table of mortality, with four

per cent, interest

$

Deduct net value of risks of this com-

pany reinsured in other solvent com-

panies

Net reinsurance reserve ....

5. Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due

$

6. Claims for death losses and other policy

claims resisted by the company ....

7. Claims which have been reported and no

proofs received

501,712 00
1,192 00 $
117,819 00 6,500 00 96,500 00

500,520 0O

Total policy claims 10. Amount of all unpaid dividends of surplus, or other de-
scription of profits due policy-holders 11. Amount of unpaid dividends to stockholders 12. Special reserve and surplus safety fund policies .... 13. Amount due on account of salaries, rents and office
expenses
14. Agents'surety deposits 16. Amount of any other liability of the company, viz.:
Premiums paid in advance Net safety fund 17. Capital stock paid up 18. Gross surplus on policy-holders' account

220,819 00"
9,208 IS 1,298 86 352,640 92
3,000 00 1,200 00
2,116 03 1,176,561 25
500,000 00 427.369 79

19. Total liabilities

$ 3,194,734 03

VI.--PREMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on hand

December 31 of previous year

$

2. Premium notes, loans or liens received

during the year on new policies, $19,-

514.00; on old policies, $3,267.92 . . . .

41,795 92 22,781 92

Total

$ 64,577 84

COMPTROLLER-GENERAL'S REPORT.

203

Amount of notes, loans or liens voided by

lapse

*

Amount of notes, loans or liens redeemed

by maker in cash

Balance, note assets at end of the year

6,673 48
239 80 $ 6,913 28 $ 57,664 56

Business in Georgia during 1902.

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 citiizens of Georgia issued during the year ....

No
1539 $ 280

Amount,
3,126,450 00 440,871 00

Total

1819

Deduct number and amount which have ceased

to be in force during the year

405

3,567,321 00 785,741 00

Total number and amount of policies in force in Georgia December 31,1902. . . 1414

2,781,580 00

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year . ...
Amount of losses and claims on policies in Georgia incurred during the year

No.
2 $

Total

24

Amount of losses and claims on policies in Georgia

aid during the year.

23

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 . . $

Amount.
6,500 00 51,000 00 57,500 00 47,500 00
85,437 94

HOME LIFE INSURANCE COMPANY, NEW YORK, N. Y.

GEO. E. IDE, President.

ELLIS W. GLAD WIN, Secretary.

Principal Office, 256 Broadway, New York City.^

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

% 125,000 00

Amount of net or ledger assets December

31 of previous year

$12,722,598 68

Extended at

12,722,598 68

204

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 430,813 65

1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

1,798,010 95

2. Premium notes, loans or liens taken in

part payment for premiums on new

policies

37 37

2J. Premium notes, loans or liens taken in

part payment for renewal premiums . .

83,458 21

3. From dividends applied to pay running

premiums

....

27,857 00

3J. From dividends applied to purchase paid-

up additions and annuities

159,161 74

4J. From surrender values applied to pur-

chase paid-up insurance and annuities .

461 00

5. Consideration for annuities, other than

matured installment policies

61,888 79

Total Deduct amount of premiums paid to other
companies for reinsurance on policies in this company, new business, $4,062.18; renewals, $13,000.65

2,561,688 71 17,062 83

Total premium income

$ 2,544,625 88

8. Cash received for interest on mortgage loans

186,630 69

9. Cash received for interest on bonds owned, and divi-

dends on stock

258,434 89

10. Cash received for interest on premium notes, loans or

liens 11. Cash received for interest on other debts due the com-

84,009 39

pany

1,178 16

13. Cash received for rents for use of company's property,

including $24,000.00 for company's own occupancy . . 14 Cash received for profits on sales of bonds or stocks . .

99,406 52 43,081 78

Total income

$ 3,217,367 31

III.--DISBURSEMENTS DURING YEAR 1902.

Cash paid for death claims, including re-

visionary additions

$ 698,302 82

2. Premium notes, loans or liens used in pay-

ment of the same Cash paid for matured endowments, and

19,833 09

additions thereto

222,462 95

4. Premium notes, loans or liens used in the

payment of same

4,180 84

7. Total net amount actually paid for losses and matured

endowments

$

944,779 70

COMPTROLLER-GENERAL'S REPORT.

205

8. Cash paid to annuitants

$

9. Premium notes, loans or liens used in purchase of sur-

rendered policies

9J. Premium notes, loans or liens used in payment of divi-

dends to policy-holders

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running premiums . . .

12. Cash dividends applied to purchase paid-up additions

and annuities

13. .Surrender values paid iu cash

15. .Surrender values applied to purchase paid-up insurance

and annuities

30,720 98-
16,879 31
19,793 71 4,922 49 27,857 00
169,161 74 135,357 53
461 00-

Total paid policy-holders

16. Cash paid stockholders for interest or divi-

dends

$

17. Cash paid for commissions and bonuses to

si gents (less commission on reinsurance):

New policies, 5218,743.62; renewals, $130,7.51.59

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

if35.017.35; inspection of risks, $2,247.89 .

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums

and renewals

22. Cash paid for taxes on reserves, $ ; on investments

23. Cash paid for insurance department

fees and agents' licenses, $5,579.71; mu-

nicipal licenses, $2,383.01 >

24. Cash paid for rent, company's own occupancy

25. Cash paid for commuting commissions. .

27. Cash paid for advertising, $19,0S9.89;

printing and stationery, $17,185.12 . . .

28. Cash paid for real estate expenses, other

than taxes, $34,835.45; for legal ex-

penses, $12,490.11

29. Cash paid for the following items, viz.:

Directors' fees, $3,610.00; discouut on pre-

miums paid in advance, $973.82; profit

and loss, $460.73; miscellaneous office

expenses, $7,136.40; traveling expenses,

$2,488.05; exchange, $848.60; postage,

$3,092.00

15,000 00
349,475 21 129,826 58 37,265 24 110,471 33
28,879 50 16,107 36 7,962 72 24,000 00 22,620 00 36,275 01 47,325 56
18,609 10

1,339,933 46-

Total miscellaneous expenses

843,817 61

30. Total disbursements

$ 2,183,751 07

206

COMPTROLLER-GENERAL'S REPORT..

IV.--ASSETS AS PER LEDGER ACCOUNTS.

Cost value of real estate, exclusive of all incumbrances. $ 1,671,719 59

Loans on mortgage (first liens) on real estate ... . 4,223,725 00

Loans secured by pledge of bonds, stocks or other mar-

ketable collateral

25,950 00

Loans made in cash to policy-holders on this company's

policies, assigned as collateral

742,707 30

Premium notes, loans or liens on policies in force, of

which $83,495.58 was received during the year .... 504,333 70

Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

6,124,505 39

7. Cash in company's office

1,988 37

8. Cash deposited in banks

430,029 59

10. Agents' ledger balances, of which $1,516.25 was advanced

during the year

31,255 98

11. Total net or ledger assets

$13,756,214 92

OTHER ASSETS.

14. Interest due and accrued on mortgages . $ 15. Interest due and accrued on bonds and
stocks
16. Interest due and accrued on collateral loans
18. Interest due and accrued on other assets . 19. Interest due and accrued on company's
property or lease

15,797 20
46,552 25
463 75 500 00
3,867 76

Total carried out 20. Market value of real estate over cost 21. Market value of bonds and stocks over cost

$ 67,180 96 95,516 68 259,429 02

New Business.

23. Gross premiums due and

unreported on policies in

force December 31, 1902. . $ 78,15129

24. Gross deferred premiums

on policies in force Decem-

ber 31, 1902

28,531 28

Renewals.
$ 123,333 92 130,908 77

Totals

S 106,682 57

25. Deducting loading, 21 per

cent, on "new," and 21 per

cent, on "renewals" . . . 22,403 34

$ 254,242 69 53,390 96

26. Net amount of uncollected and deferred premiums. . 5 81,279 23 $ 200,85173
Extended

285,130 96

28. Total assets, as per the books of the company

14,463,472 54

5. Agents' balances

ITEMS NOT ADMITTED.

31,255 98

9. Total admitted assets

$14,432,216 56

COMPTROLLER-GENERAL'S REPORT.

207

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest, and the American

table, with three and three and one-half

per cent, interest

$12,921,146 00

Deduct net value of risks of this company

reinsured in other solvent companies . .

53,898 00

Net reinsurance reserve Claims for matured endowments due and
unpaid Claims for death losses and other policy
claims resisted by the company .... 8. Present value of unpaid amounts on ma-
tured installment policies (face, $26,000.00) Death losses reported and no proofs received

$12,867,248 00 2,044 60 9,000 00
20,422 00 65,183 80

Total policy claims 10. Amount of all unpaid dividends of surplus, or other
description of profits due policy-holders
16. Amount of any other liability of the company, viz.: Premiums paid in advance, $38,796.85; to meet fluctua-
tions in price of securities and other contingencies,

96,650 40 6,113 51

$100,000.00

138,796 85

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

13 ,108,808 76 1 ,323,407 80

19. Total liabilities

$14,482,216 56

NT. -- I'KKMIUM .NOTE ACCOUNT.

Premium notes, loans or liens on hand December 31 of

previous year

$

Premium notes, loans or liens received during the year

on new policies, $37.37; on old policies, $83,458.21. . .

501,344 63 83,495 58

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 policy-holders.

Amount of notes, loans or liens redeemed

by maker in cash

24,063 93 16,879 31 19,793 71 19,769 56

584,840 21

Total reduction of premium note account ....

80,50(1 51

Balance, note assets at end of the year

$ 504,333 70

208
l

COMPTROLLER-GENERAL'S REPORT Business in Georgia during 1902.

No.

Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

vious year

288

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year . . . 169

Amount
763,686 00 691,877 00

Total

457

Deduct number and amount which have ceased to

be in force during the year

98

1,455,563 00 303,338 00

Total number and amount of policies in force in Georgia December 31, 1902 . . 359

1,152,225 00

No.

Amount of losses and claims on policies in Georgia

unpaid December 31 of previous year ....

1

Amount of losses and claims on policies in Georgia

incurred during the year

3

Amount.
$ 2,000 00
3,200 00

Total

4

5,200 00

Amount of losses and claims on policies in Georgia

paid during the year

3

4,200 00

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: Cash, $36,076.24; notes or credits, $1,056.04 ; total . . $

37,132 28

ILLINOIS LIFE INSURANCE COMPANY OF CHICAGO.

JAMES W. STEVENS, President.

OSWALD J. ARNOLD, Secretary.

Home Office, 134 Monroe Street, Chicago, 111.

WALTER MORROW, Tallapoosa, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

% 100,000 00

Amount of ledger assets (as per balance), De-

cember 31, of previous year

$ 749,645 40

Extended at

$

749,645 40

II.--INCOME.

1. First year's premiums on original policies without deduction for commissions or other expenses, less $3,111.64 for first year's re-

insurance

$ 219,824 34

3. Total first year's premiums on original poli-

cies

219,824 34

lily.-1-1 '.-. - - :*.

COMPTROLLER-GENERAL'S REPORT.

209

Surrender values applied to purchase paid-up

insurance and annuities

$

Consideration for original annuities involving

life contingencies

16,473 40 18,500 00

Total new premiums

$ 254,797 74

Renewal premiums without deduction for

commissions or other expenses, less $2,334.87

for reinsurance on renewals

$ 669,666 50

10, Dividends applied to pay renewal premiums. 10,722 03

11. Surrender values applied to pay renewal pre-

miums

4 07

13 Total renewal premiums

680,392 60"

14. Total premium income

16, Ledger assets, other than premiums, received from other

companies for assuming'their risks

18 Interest on mortgage loans

$ 26,942 00

19. Interest on collateral loans and deferred pre-

miums

10,767 03

20, Interest on bonds and dividends on stocks.. . 24,926 56

21. Interest on premium notes, policy loans or

liens

31,029 53

22. Interest on other debts due the compiny.... 2,r>23 16

23. Discount on claims paid in advance

653 33

24, Rent from company's property, including

$1,225.00 for company's own occupancy,... 7,841 55

935,190 34 2,846,850 08

Total interest and rents 26. Profit on sale or maturity of ledger assets 27. From other sources: Profit and loss

104,183 16 3,426 16 118 12

28. Total income

$ 3,889,767 86

III.--DISBURSEMENTS.

For death claims, $183,187.88 ; additions, $4,-

141.18..

$ 187,329 00

For matured endowments, $17,867.00; addi-

tions, $869 00

18,736 00

Net amount paid for losses and matured endowments
For annuities involving life contingencies Premium notes and liens voided by lapse.... Surrender values paid in cash Surrender values applied to pay renewal pre-
miums Surrender values applied to purchase paid-up
insurance and annuities Dividends paid to policy-holders in cash 10. Dividends applied to pay renewal premiums. 11. Total disability claims

206,065 06 300 00
57,064 11 76,445 81
4 07
16,473 40 902 79
10,723 03 1,100 00

12. Total paid policy-holders 14 In

$ 369,677 27

210

COMPTROLLER-GENERAL'S REPORT.

14. Paid stockholders for interest on dividends

$

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums $150,846.03; re-

newal premiums, $22,279 60 ; total

17. Salaries and allowances for agencies, including managers,

agents and clerks

18. Agency supervision, traveling and all other agency ex-

penses

19. Medical examiners' fees, $8,535 4s; inspection risks,

$8,519.38

,

20. Salaries and all other compensation of officers and home

office employees

'

21. Rent, including $1,225 00 for company's own occupancy. .

22. Advertising, $12,751.37 ; printing and stationery, $5,535.72;

postage, 14,701.61

23. Legal expenses



25. Insurance taxes, licenses and department fees

26. Taxes on real estate

27. Repairs and expenses (other than taxes) on real estate . .

28. Loss on sale or maturity of ledger assets

29. All other disbursements : Company's building expense ..

Inc. expense, $11,515.00; col. of assets, $1,112.31; reg. of

policies, $1,831.50

Profit and loss. $1,736.76; rev. stamps, $37.20; inv. claims,

$592.27

SO. Total disbursements

$

*
7,000 00
173,125 63
5,450 70
4,815 78
17,054 86
60,589 85 6,716 49
22,988 70 4,405 58 7,225 22 2,097 13 1,653 25 250 00 3,621 36
14,458 81
2,366 23 703,496 86

IV.--LEDGER ASSETS.

1. Value of real estate unincumbered

$

2. Mortgage loans on real estate, first liens

3. Loans secured by pledge of bonds, stocks or other col-

lateral

4. Loans made to policy-holders on this company's policies

assigned as collateral

5. Premium notes on policies in force

6. Book value of bonds (excluding interest), $812,858.75;

stocks, $372,648.00

7. Deposited in trust companies and banks on interest,

certificates of deposit

8. Cash in company's office, $5,325.17; deposited in banks

(not on interest): Corn Exchange, $26,603.53; First

National, $6,811.28; Bank of Kentucky, $11,932.22

9. Furniture and fixtures, $8,538.10; agents' balances,

$53,968.00

Commuted commissions, $43,600; suspense account, $7,-

668.66

375,068 01 936,641 64
77,882 10 1,059,808 63
33,562 22 1,185,506 75
103,000 00
50,672 20 62,506 19 51,268 66

10. Total ledger assets

3,935,916 40

COMPTROLLER-GENERAL'S REPORT.

211

NON-LEDGER ASSETS.

11. Interest due, $10,337.76; and accrued, $15,-

491.22 on mortgages

$

12. Interest due and accrued on bonds and stocks

13. Interest due, $6,980.02; and accrued, $868.79

on collateral loans

14. Interest due, $515.68 ; and accrued, $13,856.22 on premium notes, policy loans or liens

16. Rents due, $434.00; and accrued, $1,231.82 on

company's property or leas3

31,828 98 4,994 98
7,848 81 14,371 90
1,665 82

17.

Total interest and rents due and accrued.

$

18. Market value of real estate over book value

20. Due from other companies for losses or claims on policies

of this company reinsured, Franklin Life Insurance Co.

New Business. Renewals.

21. Gross premiums due and unre-

ported on policies in force De-

cember 31, 1902

$ 61,480 20 $ 107,590 34

22. Gross deferred premiums on policies in force December 31, 1902- 14,895 56

71,446 06

23.

Totals

24. Deduct loading 25 per cent

76,375 76 179,036 40 19,093 94 44,759 10

60,710 40 67,979 00
2,500 00

25. Net amount of uncollected and de-

ferred premiums

57,281 82 134,277 30

191,559 12

27. Gross assets

4,258,665 01

DEDUCT ASSETS NOT ADMITTED.

29. Furniture, fixtures and safes

$

30. Commuted commissions, $43,600.00; agents'

debit balances, $9,940.27

31. Cash advanced to or in the hands of officers

or agents, suspense account

33. Premium notes or loans on policies and net

premiums

8,538 10 53,540 27
7,668 66 52,260 28

35. Total

122,007 31

.36. Total admitted assets

$ 4,136,657 70

V.--LIABILITIES.

1. Net present value of all the outstanding poli-

cies in force on the 31st day of December,

1902, as computed by the Insurance De-

partment of Illinois on the actuaries' table

of mortality with 4 per cent, interest

$3,851,942 00

Same for reversionary additions

51,300 00

Total

$3,903,242 00

Deduct net value of risks of this company re-

insured in other solvent companies

3,578 00

Net reserve

$ 3,899,664 00

212

COMPTROLLER-GENERAL'S REPORT.

5. Claims for death lasses in process of adjust-

ment or adjusted and not due

$

8. Claims for death losses and other policy

claims resisted by the company

38,84153 7,000 00

10. Total policy claims

$

12. Premiums paid in advance, including surrender values so

applied

15. Salaries, rents, office expenses, taxes, bills, accounts,

bonuses, commissions, medical and legal fees, due or

accrued

20. Dividends apportioned, payable to policy-holders during

1903

23. Capital stock 24. Unassigned funds (surplus)

45,841 53 579 62
18,097 97 3,467 00* 100,0(10 00 69,007 58-

25. Total liabilities

$ 4,136,637 70

Business in Georgia during 1902. No.
Policies on the lives of citizens of said State in

force December 31 of previous year

228 $

Amouct 323,500 00

Mutual Life Insurance Company, of Kentucky,

assumed

775 1,012,517 00

Policies on the lives of citizens of said State issued

during the year

198

268,210 98

Total Deduct ceased to be in force during the year

1201

1,604,227 98-

153

234,500 00

Policies in force December 31 Losses and claims incurred during the year

1048 1,369,727 98-

No.

Amount.

6 * 11,218 90

Losses and claims settled during the year, in cash... .

4

6,000 00

Losses and claims unpaid December 31

2 $

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends, commis-

sions or other expenses

%

5,218 90 22,951 02

MANHATTAN LIFE INSURANCE COMPANY, NEW YORK, N. Y.

HENRY B. STOKES, President.

J. H. GTFFIN, Secretary.

Principal Office, 64-70 Broadway, New York, N. Y.

J. J. COGGINS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 100,000 00

Amount of net or ledger assets December

31 of previous year

% 15,873,346 01

Extended at

$15,873,346 01

COMPTROLLER-GENERAL'S REPORT.

213

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$

1. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

3. From dividends applied to pay running

premiums

3. From dividends applied to purchase paid-

up additions and annuities

4. From surrender values applied to pay

running premiums

4J. From surrender values applied to pur-

chase paid-up insurance and annuities.

5. Consideration for annuities, other than

matured installment policies

427,656 32
1,735,795 28 41,640 44 2,704 49 11,891 10 51,923 64 3,551 59

Total

$ 2,275,162 86

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, 8,823.67 ;

renewals, $12,072.84; total

$ 20,896 51

7. Total premium income

$ 2,254,266 35

8. Cash received for interest on mortgage loans

275,976 49

9. Cash received for interest on bonds owned, and divi-

dends on stock

163,149 85

10. Cash received for interest on premium notes, loans or liens
il. Cash received for interest on other debts due the com-

70,704 78

pany

13. Cash received for rents for use of company's property,

including!

for company's own occupancy

14. Cash received for profits on sale of bonds or stocks

16. From dividends and surrender values on reinsurances. .

6,556 74
246,171 18 57,240 86
106 40

17. Premium notes, loans, or liens restored by revival of

policies 18. Interest on collateral loans 19. From all other sources, viz.: Interest charged to office
building account

1,977 00 29,977 84
20,391 89

Total income

$ 3,126,519 38

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 1,157,995 88

3. Cash paid for matured endowments, and

additions thereto

287,254 35

7. Total net amount actually paid for losses

and matured endowments

1,445,250 23

214

COMPTROLLER-GENERAL'S REPORT.

8. Cash paid to annuitants

$

9. Premium notes, loans, or liens used in

purchase of surrender policies, $

;

voided by lapse

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running

premiums

12. Cash dividends applied to purchase paid-

up additions and annuities

13. Surrender values paid in cash

14. Surrender values applied to pay running

premiums

15. Surrender values applied to purchase

paid-up insurance and annuities

Total paid policy-holders

16. Cash paid stockholders for interest or

dividends

17. Cash paid for commissions and bonuses to

agents (less commission on reinsur-

ance), new policies, $247,435.11; renew-

als, $96,084.95; annuities, $177.57; total.

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$33,654.00; inspection of risks, $6,778 43

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees 21. Cash paid fortaxes on new premiums, and

on renewals, $25,802.84; on franchise,

$123.50



22. Cash paid for taxes on reserves, $2,037.79 ;

real estate, $50,894.40

23. Cash paid for insurance department fees

and agents' licenses, $3,243.8t>; munici-

pal licenses, $2,107.11

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $10,32">.79;

printing and stationery, $13,580.98 ; pos-

tage, $8,193.89

28. Cash paid for real estate expenses, other

than taxes, $72,729.11; for legal expenses,

$19,648.51

29. Cash paid for the following items, viz.:

Sundry office expenses

Total miscellaneous expenses

30. Total disbursements

9,524 52
12,940 31 7,039 63 41,640 44 2,704 49 159,782 69 11,891 10 51,923 64
$ 1,742,697 05^6,000 00
344,297 63 140,223 30 40,432 A3
97,445 68
25,925 34 52,932 19
5,352 97 74,154 92
879 23
32,106 66
92,377 62 23,572 12
945,700 09 $ 2,688,397 14

COMPTROLLER-GENERAL'S REPORT.

215

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances.$ 4,476,696 84

2. Loans on mortgage (first lieus) on real estate

6,146,210 00

3. Loans secured by pledge of bonds, stocks, or other marketable collaterals

834,024 04

4. Loans made in cash to policy-holders on this company's policies assigned as collateral

882,343 69

Premium notes, loans, or liens ou policies in force, of

which S

was received during the year

349,858 04

Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

3,339,286 96

Cash in company's office

13,658 59

Cash deposited in banks

132,946 64

10. Agents' ledger ba'ances Commuted commissions

26,589 03 109,854 42

13. Total net or ledger assets

16,311,468 25

OTHER ASSETS.

14. Interest due, $672 50; and accrued, $112,-

115.46 ou mortgages

$

15. Interestdue, $

; and accrued, $1,826 04

ou bonds and stocks

16. Interestdue, S

; and accrued 16,481.73

on collateral loans

17. Interest due and accrued on premium notes, loans, or lieus

18. Interest due, ?

; and accrued, $829.73

on other assets

19. Rents due, $4,102.08; and accrued, $5,583 32 on company's property or lease.

112,787 96 1,826 04 6,481 73 18,502 43 829 73 9,685 40

Total carried out

20. Market value of real estate over cost 21. Market value of bonds and stocks over cost

New Husine-s. 23. Gross premiums due and un-
reported on policies in force

Renewal-;.

December :;i, 1902

$ 112,81198$ 123,3(5*; (i8

24. Gross deferred premiums on policies in force December

31^ 1902

7,00100 85,873 00

150,113 29 478,586 31 201,361 79

Totals 25. Deducting loading, 58 percent,
on "new," and b% percent. ou "renewals"
26. Net amount of uncollected and deferred premiums....
Extended at

119,812 98 69,491 54 50,32144

209,239 68 11,508 18 197,73150

248,052 '.it

28. Total assets, as per books of the company

17,892,582 58

216

COMPTROLLER-GENERAL'S REPORT.

ITEMS NOT ADMITTED.

3. Commuted commissions

$

i>. Agents' balances not secured by bonds,

$12,589.03 less sum paid off, $800.00

109,854 42 11,789 03

Total

$ 121,643 45

Total admitted assets

$ 17,270,939 13

V.--LIABILITIES.

1. Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest, and American three

and a half and three per cent, interest.! 15,303,169 00

Deduct net value of risks of this company

reinsured in other solvent companies..

31,390 00

Net reinsurance reserve

$ 15,271,779 00

3. Death losses reported, no proof received,

less reserve

39,534 00

4. Claims for matured endowments due and

unpaid

1,342 00

Claims for death losses and matured en-

dowments in process of adjustment, or

adjusted and not due

20,312 00

6. Claims for death losses and other policy

claims resisted by the company

20,000 00

7. Amounts due and unpaid on annuity

claims

235 46

Total policy claims 10. Amount of all unpaid dividends ot surplus, or other de-
scription of profits due policy-holders 11. Commissions due to agents on premium notes when
paid 16. Amount of any otber liability of the company, viz.:
Premiums paid in advance, $24,237.33; liability on lapsed policies, $6,717.00 Fund to meet any possible depreciation in assets

81,423 46 15,778 09 8,313 02
30,954 33 100,000 00

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account
Capital stock

15,508,247 90 1,662,691 23
100,000 00

19. Total liabilities

117,270,939 13

Business in Georgia during 1902.

No.
Number and amount of policies on the lives of citi-

Amount.

zens of Georgia in force December 31 of pre-

vious year

1102 $ 2,345,212 00

COMPTROLLER-GENERAL'S REPORT.

217

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year

148 $ 311,879 00

Total

1250

Deduct number and amount which have ceased

to be in force during the year

119

2,657,09100 261,732 00

Total number and amount of policies in

force in Georgia, December 31, 1902

1131 $ 2,395,359 00

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year
Amount of losses and claims on policies in Georgia incurred during the year

No.
1 $ 18

Amount.
1,000 00 49,789 00

Total

19 $ 50,789 00

Amount of losses and claims on policies in Georgia

paid during the year

19 $

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 $

50,789 00 71,162 96

MARYLAND LIFE INSURANCE COMPANY, BALTIMORE, MD.

Win. H. BLACKFORD, President.

JOHN W. HANSON, Secretary.

Principal Office, 8 and 10 South St., Baltimore, Md.

GEO. A. MERCER, Savannah, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

$ 100,000 00

.2. Amount of capital sub-

scribed, but unpaid

100,000 00

Amount of net or ledger assets December

31 of previous year

$ 2,032,414 71

Less accounts discharged, debit balance

against agents

167 30

Extended at

$ 2,032,247 41

II.--INCOME DURING YEAR 1902.

.1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$

JJ. Cash received for renewal premiums,

without deductions for commissions or

other expenses

2. Premium notes, loans or liens taken in

part payment for renewal premiums..

3. From dividends applied to pay running

premiums

36,256 02
223,540 01 412 00
9,861 32

218

COMPTROLLER-GENERAL'S REPORT.

3J. From dividends applied to purchase paid-

up additions and annuities

$

4. From surrender values applied to pay

running premiums

5. Consideration for annuities, other than

matured installment policies

1,218 21 94 22
19,600 69

Total 6. Deduct amount of premiums paid to
other companies for reinsurance on policies in this company: New business, $2,559.03"; renewals, $11,798.44

290,482 47 14,357 47

7. Total premium income

$

8. Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned, and divi-

dends on stock

10. Cash received for interest on premium notes, loans or

liens

11. Cash received for interest on other debts due the com-

pany, and on collateral loans

13. Cash received for rents for use of company's property. .

14. Cash received for profits on sales of bonds or stocks

18. Redemption of revenue stamps

19. From all other sources, viz.: Surrender values of poli-

cies of reinsurance surrendered

276,125 Oft 10,121 32
67.740 75
'-269 81
2,571 79 8,682 60 2,715 97
82 94
1,300 72

Total income

$ 376,610 90

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$

2. Premium notes, loans or liens used in pay-

ment of the same

3. Cash paid for matured endowments and

additions thereto

118,801 00 1,963 84 12,859 00

7. Total net amount actually paid for losses and matured

endowments

I

8. Cash paid to annuitants

9. Premium notes, loans or liens used in purchase of sur-

rendered policies, $573.25 ; voided by lap-se, $613.78

9. Premium notes, loans or liens used in payment of divi-

dends to policy-holders

10. Cash dividends paid policy-holders on tontiue policies

entitled to participation in 1902, and dividends cred-

ited in previous years

11. Cash dividends applied to pay running premiums(small

amount of dividends paid in cash upon paid-up poli-

cies included)

12. Cash dividends applied to purchase paid-up additions

and annuities

133,623 84 2,573 97 1,187 03 335 39
1,104 90
9,361 32 1,218 21

COMPTROLLER-GENERAL'S REPORT.

219'

13. Surrender values paid in cash 14. Surrender values applied to pay running premiums

17,147 29 94 22:

Total paid policy-holders 16. Cash paid stockholders for interest or

dividends

'

17. Cash paid for commissions and bonuses

to agents (less commission on reinsur-

ance): New policies, 120,203.52; renewals,

110,658.81 18. Cash paid for salaries and allowances to

managers and agents 19. Cash paid for medical examiners' fees 20. Cash paid for salaries and all other com-
pensation of officers and other home

office employees 21. Cash paid for taxes on new premiums,
$350.79 ; on renewals, $1,504.41

22. Cash paid for taxes on reserves, $ ; on investments, $5.00; on real estate, $2,-

247,06; water, $20.66 23. Cash paid for insurance department fees
and agents' licenses, $513.14; municipal

licenses, $1.297.92

24. Cash paid for rent 27. Cash paid for advertising, $1,560.13; print-

ing and stationery, $1,871.41 28. Cash paid for real estate expenses, other
than taxes, $ ; for legal expenses....

29. Cash paid for the following items, viz.: Postage, $1,076.02; building expenses,

$1,891.05 Fire insurance premiums, $170.18; library
bureau, S772.40; sundry expenses, $1,-

846.01 Loss on sale of real estate

6,000 00

166,646 17

30,862 33 6,765 50 2,930 50
21,917 58 1,855 20
2,272 72
1,811 06 204 50
3,431 54 975 00
2,967 07
2,794 59 5,517 90

Total miscellaneous expenses

$ 90,305 49-

30. Total disbursements

$ 256,951 66

IV.--ASSETS 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 mar-
ketable collateral

188,103 15 158,240 00
87,600 00

4. Loans made in cash to policy-holders on this company's policies assigned as collateral

121,742 00

5. Premium notes, loans or liens on policies in force, of which about $2,150.00 was received during the year . .

19,805 05-

Cost value of bonds and stock owned, excluding accrued

interest at time of purchase

1,516,829 78-

220

COMPTROLLER-GENERAL'S REPORT.

7. Cash in company's office

$

8. Cash deposited in banks and trust companies.

10. Agents' ledger balances

Open accounts and judgments, $13,658.73; suspended

accounts, $124.70; coupon account, $100.00; furniture,

$657.77

Dividends and interest due in January, $2,603.70; in-

terest in default, $45.00

3,046 45 37,333 28 3,309 33
14,541 20
2,648 70

11. Total

2,153,198 94

12. Deduct ledger liabilities, agents' credit balance, $1,184.49;

other, $107.80

1,292 29

13. Total net or ledger assets, less depreciation

2,151,906 65

OTHER ASSETS.

14. Interest due and accrued on mortgages,.. $ 15. Interest due and accrued on bonds and
stocks 16. Interest due and accrued on collateral
loans 18. Interest due and accrued on other assets.. 19. Rents due and accrued on company's
property or lease

2,439 79 7,284 61
454 75 f,564 45
391 66

Total, carried out 21. Market value of bonds and stocks over cost 23. Gross premiums due and unreported on
policies in force December 31, 1902 $ 24. Gross deferred premiums on policies in
force December 31, 1902
Total 25. Deducting loading, 20 per cent, on "new,"
and 20 per cent, on " renewals "

22,919 57 20,216 23 43,135 80 8,627 06

26. Net amount of uncollected and deferred premiums...

28. Total assets, as per the books of the company

12,135 26 103,395 63
34,508 74 2,301,946 28

ITEMS NOT ADMITTED.

2. Judgments open accounts, $13,658 73; fur-

niture, fixtures and safes, $657.77

$

5. Agents' balances

7. Suspended accounts and overdue coupons.

8. Depreciation in real estate

Total.... Less ledger liabilities deducted above

3. Total admitted assets

14,316 50 3,309 33
224 70 853 15

18,703 68 1,292 29

17,41139

$ 2,284,534 89

COMPTROLLER-GENERAL'S REPORT.

221

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest, valuation made by in-

surance department of Maryland

$ 1,952,112 00

Deduct net value of risks of this company

reinsured in other solvent companies..

44,437 00

Net reinsurance reserve

Claims for matured endowments due and

unpaid (unclaimed)

$

Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due, less reinsurance..

6. Claims for death losses and other policy

claims awaiting proof

$ 1,907,6(5 00 669 66
10,570 16 11,667 90

Total policy claims 10. Amount of all unpaid dividends of surplus, or other
description of profits due policy-holders 15. Amount due to officers or others for advances on ac-
count of expenses of organization
16. Amount of any other liability of the company, viz.: Premiums paid in advance, $137.34; other indebted-
ness

22,907 72 V08 86
137 34
1J'^2Ug-21 "9

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

1,936,721 21 347,813 68

19, Total liabilities

* 2,284,534 89

VI.--PREMIUM NOTE ACCOUNT.

Premium notes, loans or liens on hand December 31 of

previous year

$

2. Premium notes, loans or liens received during the year

on new policies, %

; on old policies

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 policy-holders.

"
1,963 84 573 25 335 39

Total reduction of premium note

Balance, note assets at end of the year

$

' 1 '692 77 466 32
12,15909
28'2 48 9,286 61

:222

COMPTROLLER-GENERAL'S REPORT.

Business in Georgia during 1902.

No.

Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

vious year (estimated)

288

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year

84

Amount.
$ 521,238 00 113,275 00

Total

372

Deduct number and amount which have ceased to

be in force during the year

43

634,513 00 66,375 00

Total number and amount of policies in

force in Georgia December 31, 1902,

(estimated)

329

$ 568,138 00

No.

.Amount of losses and claims on policies in Georgia

incurred during the year

2

Amount.
$ 3,000 00

Amount of losses and claims on policies in Georgia

paid during the year

2

3,000 00

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 %

15,426 72

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, SPRINGFIELD, MASS.

JOHN A. HALL, President.

H. M. PHILLIPS, Secretary.

Principal Office, 413 Main Street, Springfield, Mass.

W. J. HAETT, JR., Savannah, Attorney for Service in Georgia.

Extended at

I.--CAPITAL STOCK.

126,280,054 15

II--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 788,732 52

1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

4,079,003 56

2J. Premium notes, loans or liens taken in

part payment for renewal premiums. ... 154,331 35

3. From dividends applied to pay running

premiums..

634,041 01

3J. From dividends applied to purchase paid-

up additions

71,580 77

Total

$ 5,727,689 21

isiii

COMPTROLLER-GENERAL'S REPORT.

223

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company: New business, $19,241.00;

renewals, $114,000.76

$

133,301 76

7. Total premium income 8. Cash received for interest on mortgage loans

I 5,594,387 45 555,354 98

9. Cash received for interest on bonds owned, and divi-

dends on stock

459,537 03

10. Cash received for interest on premium notes, loans or

liens, including loans on company's policies

202,849 80

11. Cash received for interest on other debts due the com-

pany

788 93

12. Cash received as discount on claims paid in advance...

632 91

13. Cash received for rents for use of company's property,

including 58,000.00 for company's own occupancy

16,269 68

16. From dividends on reinsurances

16,347 87

17. Premium notes, loans or liens restored by revival of

policies

3,525 49

19. From all other sources, viz.: Profit and loss

40,102 29

. Total income..

$ 6,889,796 43

III.--DISBURSEMENTS DURING YEAR 1902.

Cash paid for death claims, including re-

visionary additions

$ 1,573,327 75

Premium notes, loans or liens used in

payment of the same

24,125 04

Cash paid for matured endowments, and

additions thereto

274,357 18 .

Premium notes, loans or liens used in the

payment of the same

1,007 82

5. Cash paid for sums falling due during the

year on installment policies

18,611 92

Total

$ 1,891,429 71

6. Deduct amount received from other com-

panies for losses or claims on policies of

this company reinsured

47,500 00

7. Total net amount actually paid for losses and matured

endowmen ts

$ 1,843,929 71

9. Premium notes, loans or liens used in purchase of sur-

rendered policies, and voided by lapse

27,546 21

9J. Premium notes, loans or liens used in payment of divi-

dends to policy-holders

59,336 13

10. Cash dividends paid policy-holders

20,180 28

11. Cash dividends applied to pay running premiums

634,041 01

12. Cash dividends applied to purchase paid-up additions.. 71,580 77

13. Surrender values paid in cash

290,529 43

15. Surrender values applied to pay interest

769 83

Total paid policy-holders

2,947,913 37

224

COMPTROLLER-GENERAL'S REPORT.

17. Cash paid for commissions to agents (less commission on reinsurance): New policies, $360,329.24: renewals, $299,337.19. . $
18. Cash paid for salaries and allowances and traveling expenses to managers and agents
19. Cash paid for medical examiners' fees. . .. 20. Cash paid for salaries and all other com-
pensation of officers and other home office employees 21. Cash paid for taxes on new premiums and renewals Cash paid for taxes on reserves, $23,244.26; on investments, $4,640.98 23. Cash paid for insurance department fees and agents' licenses, $13,138.44; municipal licenses, $2,032.45 24. Cash paid for rent, including $8,000.00 for company's occupancy, less $258.33 received under sub-lease 26. Cash paid for furniture, fixtures and safes for home and agency offices 27. Cash paid for advertising, $11,215.90; printing and stationery, $31,125.39 ; postage, $17,471.57 28. Cash paid for real estate expenses, other than taxes, $6,397.61; for legal expenses, $2,372.04 29. Cash paid for all other items Premiums on securities purchased
Total miscellaneous expenses
30. Total disbursements

659,666 43
87,219 71 53,183 50
139,373 93 60,039 40 27,885 24
15,170 89
33,778 81 5,887 16
59,812 86
8,769 65 26,081 86 44,140 08
1,221,009 52 $ 4,168,922 89

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incurnbrances. $ 341,484 07

2. Loans on mortgage (first liens) on real estate

13,325,352 69

4. Loans made in cash to policy-holders on this company's

policies assigued as collateral

2,826,530 00

5. Premium notes, loans or liens on policies in force, less

$4,534.54 given for reinsurance

736,541 70

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

11,166,085 53

7. Cash in company's office

2,149 61

8. Cash deposited in banks

602,784 09

13. Total net or ledger assets

$29,000,927 69

OTHER ASSETS.

14. Interest due, $7,146.86, and accrued, $216,-

936.64, on mortgages

$

224,083 50

COMPTROLLER-GENERAL'S REPORT.

225

15. Interest due, $2,760.00, and accrued, $160,-

018.72, on bonds and stocks

$

17. Interest due and accrued on premium

notes, loans or liens, including loans on

company's policies

162,778 72 68,054 54

Total carried out

!

21. Market value of bonds and stocks over cost.

New Business.
23. Gross premiums due and unreported on policies in force December 31, 1902.. . f 92,765 46

Renewals. $ 212,535 78

24. Gross deferred premiums on policies in force December 31, 1902

75,812 84

546,851 30

454,916 76 761,928 47

Totals

$ 168,578 30

25. Deduct loading, 20 per cent,

on "new," and 20 per cent,

on "renewals"

33,715 66

$ 759,387 08 151,877 42

26. Net amount of uncollected and deferred premiums.... $ 134,862 64 $ 607,509 66

Extended

742,372 30

28. Total assets, as per the books of the company

$30,960,145 22

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest, and the American

table, with three and one-half per cent,

interest, on issues of 1901 and 1902

$28,174,029 00

Deduct net value of risks of this company

reinsured in other solvent companies,

less premiums deferred and in course of

collection, $30,406.00

387,531 00

Net reinsurance reserve

$27,786,498 00

Balance of installment policy death claims not yet due 182,538 93

5. Claims for death losses and matured endowments in process of adjustment $ 85,076 00

Claims for death losses and other policy

claims resisted by the company

13,000 00

Total policy claims. 10. Amount of all unpaid dividends of surplus, or other
description of profits due and to become due to policy-
holders 13. Amount due on account of salaries, rents and office ex-
penses
5 in

98,076 00
254,141 88 14,441 50

226

COMPTROLLER-GENERAL'S REPORT.

16. Amount of any other liability of the company 17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account
19. Total liabilities
VI.--PREMIUM NOTE ACCOUNT.

$ 18,423 66 2S,354,119 97 2,606,025 25
$30,960,145 22

T.. Premium notes, loans or liens on hand

December 31 of previous year

$

2. Premium notes, loans or liens received

during the year

Restored by revival of policies

720,741 79
154,331 35 3,525 49

Total

T77T

Deductions during the year as follows :

Amount of notes, loans or liens used in

payment of losses and claims

$ 25,132 86

Amount of notes, loans or liens used in

purchase of surrendered policies, and

voided by lapse

27,540 21

Amount of notes, loans or liens used in

payment of dividends to policy-holders.

59,336 13

Amount of notes, loans or liens redeemed

by maker in cash

25,507 19

Total reduction of premium note account.

878,598 63 137,522 39

Balance, note assets at end of the year

741,076 24

Business in Oeorgia during 1903.

No.
Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

vious year

1,754

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year

478

Amount.
$ 4,048,843 00 902,641 00

Total.

2,232

Deduct number and amount which have ceased to

be in force during the year

192

$ 4,951,484 00 378,651 00

Total number and amount of policies in force in Georgia December 31, 1902 2,040

4,572,833 00

No.

Amount of losses and claims on policies in Georgia

unpaid December 31 of previous year

6

Amount of losses and claims on policies in Georgia

incurred during the year

13

Amount.
$ 2,665 60 49,534 40

Total

19

Amount of losses and claims on policies in Georgia

paid during the year

19

52,200 00 52,200 00

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 : Cash, $150,938.79; notes or credits, $2,431.20; total $

153,369 99

COMPTROLLER-GENERAL'S REPORT.

227

METROPOLITAN LIFE INSURANCE COMPANY, NEW YORK, N. Y.

JOHN R. HEGEMAN, President.

JAMES S. ROBERTS, Secretary.

Principal Office, 1 Madison Avenue, New York City.

A. W. SMITH, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 2,000,000 00

Amount of net or ledger assets December

31 of previous year

$ 70,701,595 79

Extended at

$ 70,701,595 79

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$ 6,039,435 54

1. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

33,531,741 56

5. Consideration for annuities, other than

matured installment policies

117,250 19

Total

39,688,427 29

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this-company

34,702 26

7. Total premium income

$ 39,653,725 03

8. Cash received for interest on mortgage loans

1,128,079 18

9. Cash received for interest on bonds owned, and dividends

on stock

1,640,728 96

10. Cash received for interest on premium notes, loans, or liens

65,08S 94

11. Cash received for interest on other debts due the company.

36,320 56

13. Cash received for rents for use of company's property, including $189,297.00 for company's own occupancy. .

548,866 57

14. Cash received for profits on sales of bonds or stocks... . 193,671 29

18. Agents' deposiis in lieu of bonds

44,846 08

19. From all other sources, viz.: Consideration for meeting

installment claims.

24,957 00

Total income

$ 43,336,283 61

III.--DISBURSEMENTS DURING THE YEAR 1902.

1, Cash paid for death claims, including re-

visionary additions

$ 11,345,966 52

3. Cash paid for matured endowments, and

additions thereto

33,492 41

Total

11,379.45S 93

228

COMPTROLLER-GENERAL'S REPORT.

6. Deduct amount received from other com-

panies for losses or claims on policies of

this company reinsured of which $

is for matured endowments

$

25,000 00

7. Total net amount actually paid for losses

and matured endowments

11,354,458 93

8. Cash paid to annuitants

42,874 49

10. Cash dividends paid policy-holders

555,360 50

13. Surrender values paid in cash

409,470 11

Total paid policy-holders

$ 12,362,164 03

16. Cash paid stockholders for interest or div-

idends

$ 140,000 00

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $1,620,389.60; renewals,

$4,495,541.82; annuities, $5,525.31

6,121,456 73

18. Cash paid for salaries and allowances to

managers and agents

3,045,731 12

19. Cash paid for medical examiners' fees,

$446,545.24; inspection of risks, $339,-

355.94

785,901 18

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees, 1,819 in number

1,659,003 38

21. Cash paid for taxes on new premiums and

on renewals, $496,241.95; franchise,

$1,250.00

497,491 95

22. Cash paid for taxes on real estate

122,722 17

23. Cash paid for insurance department fees

and agents' licenses, and municipal li-

censes

59,776 10

24. Cash paid for rent, including $189,297.00

for company's occupancy

430,831 55

25. Cash paid for commuting commissions... 1,729,764 84

26. Cash paid for furniture, $43,931.55; fixtures

and safes for home and agency offices,

general home office expenses, $69,083.57. 113,015 12

27. Cash paid for advertising, $16,319.10;

printing, $403,299.80; postage, $113,763.18 533,382 08

28. Cash paid for real estate expenses, other

than taxes, $196,868.63; for legal ex-

penses, $62,416.33

259,284 96

29. Cash paid for the following items, viz.:

Agents' surety bonds, $16,163.27; di-

rectors and committees, $3,786.00; fire

insurance, $44.33

20,193 60

Metropolitan savings fund, $61,053.71;

branch office expenses, $376,404.40; trav-

eling expenses, $177,027.43

614,485 54

COMPTROLLER-GENERAL'S REPORT.

229

Paid on contracts not involving life con-

tingencies

$

Total miscellaneous expenses i

1,904 51 $ 16,134,944 83

30. Total disbursements

$ 28,497,108 86

IV.--ASSETS AS PEK LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances.l 11,251,482 49

2. Loans on mortgages (first liens) on real estate

25,669,560 40

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

872,657 32

5. Premium notes, loans, or liens on policies in force, of

which $

was received during the year

654,845 62

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

42,559,057 17

7. Cash in company's office

81,691 58

8. Cash deposited in banks

4,436,841 82

10. Agents' ledger balances

14,634 14

13. Total net or ledger assets

85,540,770,54

OTHER ASSETS.

14. Interest due, $113,125.78; and accrued,

$323,783.63 on mortgages

$

15. Interest due, 135,558.18; and accrued, $3,107.50 on bonds and stocks

17. Interest due, $2,696.10; and accrued, $432.10 on premium notes, loans or liens

18. Interest due, $1,588.54; and accrued,

$

on other assets

19. Rentsdue, $7,171.16 ; and accrued, $2,566.37 on company's property or lease

436,909 41 38,665 68 3,128 20 1,588 54 9,737 53

Total carried out

21. Market value of bonds and stocks over cost 23. Gross premiums due and un- New Business. Renewals.

reported on policies in force

December 31, 1902

$ 294,210 56 $ 516,908 25

24. Gross deferred premiums on policies in force December 31,1902

779,364 11 1,430,725 88

490,029 36 616,014 02

Totals

1,073,574 67 1,947,634 13

25. Deducting loading, 20 per cent, on "new," and 20 per cent,

on "renewals,"

214,714 93 389,526 83

26. Net amount of uncollected and

deferred premiums

858,859 74 1,558,107 30

Industrial premiums unpaid,

$622,383.43 less 40 per cent.. 373,430 06

Extended at

1,232,289 80 1,558,107 30 2,790,397 10

28. Total assets, as per books of the company

89,437,211 02

4*&P*>r-

230

COMPTROLLER-GENERAL'S REPORT.

ITEMS NOT ADMITTED.

5. Agents' balances

$

7. Premium notes or loans and net premiums

in excess of reserve on policies

Total

9. Total admitted assets

14,634 14
241,667 89 .$ 256,302 03 $ 89,180,908 99

V.--LIABILITIES.

1. Net present value of the outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest, and American Expe-

rience three and a half per cent

$ 76,853,606 00

Deduct net value of risks of this company

reinsured in other solvent companies..

52,575 00

Net reinsurance reserve

$ 76,801,031 00

3. Claims for death losses due and unpaid,

and in process of adjustment, or ad-

justed and not due

$118,700 74

5. Claims for death losses reported no proofs

received

114,474 50

6. Claims for death losses and other policy

claims resisted by the company

52,212 20

8. Present value of unpaid amounts on ma-

tured installment policies

24,513 00

Total policy claims 10. Amount of all unpaid dividends of surplus or other de-
scription of profits due policy-holders 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, $199,576.56; agents'deposits, $87,486.91 Special reserve

309,900 44 35,885 54 164,277 08
287,063 47 1,219,627 00

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

78,817,784 53 10,363,124 46

19. Total liabilities

$ 89,180,908 99

VI.--PREMIUM 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

653,167 67 71,095 57

Total

$

724,262 24

Ml

COMPTROLLER-GENERAL'S REPORT.

23*

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 surrender policies

Amount of notes, loans or liens voided by

lapse

Amount of notes, loans or liens used in

payment of dividends to policy-holders.

Amount of notes, loans or liens redeemed

by maker in cash



16,367 57 21,560 04 26,065 12
14 79 5,409 10

Total reduction of premium note account

$

69,416 62?

Balance, note assets at end of the year

$ 654,845 62.

Business in Georgia during 1902.

Number and amount of policies on the lives of citi- N-

Amount.

' zens of Georgia in force December 31 of pre-

vious year

2030 $ 2,204,450 00

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year

1242

1,103,112 0O

Total

3272

Deduct number and amount which have ceased

to be in force during the year

1076

3,307,562 00 850,904 Oft

Total number and amount of policies in force in Georgia, December 31, 1902... . 2196

2,456,658 00

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year
Amount of losses and claims on policies in Georgia incurred during the year

No. 1 $
17

Amount. 500 00
12,505 00

Total

18

Amount of losses and claims on policies in Georgia

paid during the year

17

Premiums collected or secured in Georgia during the year in cash and notes or credits, without any deduc-

tion for losses, dividends, commissions or other ex-

penses

*

13,005 00 12,505 00-
293,039 08

232

COMPTROLLER-GENERAL'S REPORT.

MICHIGAN MUTUAL LIFE INSURANCE COMPANY, DETROIT, MICHIGAN.

O. R. LOOKEK, President.

A. F. MOORE, Secretary.

Principal Office, 150 Jefferson Ave., Detroit, Mich.

GEO. P. MCCLAKKIN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

$ 250,000 00

Amount of net or ledger assets December

31 of previous year

$ 6,992,951 11

Extended at . ."

$ 6,992,951 11

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for. commis-

sions or other expenses

$

1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

2. Premium notes, loans or liens taken in

part payment for premiums on new poli-

cies

2\. Premium notes, loans or liens taken in

part payment for renewal premiums . .

3. From dividends applied to pay running

premiums

3 j. From dividends applied to purchase paid-

up additions and annuities

4. From surrender values applied to pay

running premiums

273,898 99
996,456 26
707 66 133,307 83
17,718 60 11,044 15 5,151 31

Total

$ 1,438,284 80

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company : New business, $2,018.90;

renewals, $11,224.75

13,243 65

7. Total premium income

$ 1,425,041 15

8. Cash received for interest on mortgage loans ....

292,356 05

9. Cash received for interest on bonds owned, and divi-

dends on stock

5,500 00

10. Cash received for interest on premium notes, loans or

liens

45,034 50

11. Cash received for interest on other debts due the com-

pany

4,669 77

12. Cash received as discount on claims paid in advance. .

171 95

13. Cash received for rents for use of company's property .

21,955 02

COMPTROLLER-GENERAL'S REPORT.

233

14. Cash received for profits on sales of bonds or stocks, $ ; real estate, $3,801.21 ; all other, $44.00
16. From dividends and surrender values on reinsurance .

3,845 21 237 00

Total income

* 1,798,810 65

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including

revisionary additions

$

3. Cash paid for matured endowments, and

additions thereto

5. Cash paid for sums falling due during the

year on installment policies

460,348 29 103,159 01
2,264 25

Total .

$

6. Deduct amount received from other com--

panies for losses or claims on policies of

this company reinsured

565,771 55 28,000 00

7. Total net amount actually paid for losses and matured

endowments

$

9. Premium notes, loans or liens used in purchase of surrendered policies, -t ; voided by lapse

10. Cash dividends paid policy-holders 11. Cash dividends applied to pay running premiums . . . 12. Cash dividends applied to purchase paid-up additions
and annuities 13. Surrender values paid in c^sh . . . 14. 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

537,7/1 DO
5,722 02 5,149 36 17,718 60
11,044 15 146,129 49
5,151 31
22'121 80
191 21

Total paid policy-holders

16. Cash paid stockholders for interest or

dividends

$

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance):

New policies, $193,923.06; renewals, $73,-

116.75

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees . .

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums,

$4,69828 ; on renewals, $16,572.22 . . . .

22. Cash paid for taxes on real estate ....

23. Cash paid for insurance department fees

and agents' licenses, $1,458.00; municipal

licenses, $1,772.51

$ 25,000 00
267,039 81 49,479 37 27,417 96
52,164 24 21,270 50 7,330 99
3,230 51

750,999 49

234

COMPTROLLER-GENERAL'S REPORT.

24. Cash paid for rent

$

Paid for claims on supplementary con-

tracts not involving life contingencies .

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $9,076.72; print-

ing, $18,382.87; postage, $6,764.57 ....

28. Cash paid for real estate expenses, other

than taxes, $5,767.68 ; for legal expenses,

$10,260.13

'

29. Cash paid for the following items, viz.:

Losses on sales of real estate, $4,680.31;

all other, $742.31

General expense: Recording fees, office

supplies, subscriptions, etc

Total miscellaneous expenses

30. Total disbursements

15,626 14 1,166 67 2,2S5 44 34,224 16
16,027 81
5,422 62 13,245 69
i$ 540,931 91 $ 1,291,931 40

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. 2. Loans on mortgage (first liens) on real estate 4. Loans made in cash to policy-holders on this company's
policies assigned as collateral 5. Premium notes, loans or liens on policies in force . . . 6. Cost value of bonds and stocks owned, excluding ac-
crued interest at time of purchase 7. Cash in company's office 8. Cash deposited in banks 10. Agents' ledger balances

385,550 76 6,066,669 35
658,822 74 73,251 10
158,391 00 24,950 82 120,780 01 11,414 58

11. Total net or ledger assets

$ 7,499,830 36

OTHER ASSETS.

14. Interest due, $28,203.47, and accrued, $84,-

. 495.10, on mortgages

$

15. Interest due, .$ , and accrued on bonds

and stocks

17. Interest due, $4,191.71, and accrued, $5,-

460.42, on premium notes, loans or liens. 18. Interest due, $ , and accrued on other
assets

19. Rents due, I , and accrued on company's property or lease

Total carried out 20. Market value of real estate over cost 21. Market value of bonds and stocks over cost

112,698 57 916 66
9,652 13 370 46
2,800 00 $

126,437 82 16,664 09 6,359 00

COMPTROLLER-GENERAL'S REPORT.

235

New Business. 23. Gross premiums due and

Renewals.

unreported on policies in

force December 31, 1902. . $ 2,879 68 $ 27,553 22

24. Gross deferred premiums on

policies in force December

31, 1902

48,576 04

81,931 07

Totals

$

25. Deducting loading, 18J per

cent, on "new," and 18J

per cent, on " renewals " .

51,455 72 9,519 3L

$ 109,484 29 20,254 59

26. Net amount of uncollected and deferred premiums. . $ 41,936 41 $ 89,229 70

Extended

$

131,166 11

28. Total assets, as per the books of the company

$ 7,780,457 38

ITEMS NOT ADMITTED.
5. Agents' balances, not secured by bond

$ 2,742 52

9. Total admitted assets

I 7,777,714 86

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest

$ 7,457,432 92

Deduct net value of risks of this company

reinsured in other solvent companies . .

31,200 00

Net reinsurance reserve

$ 7,426,232 92

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 reported and no proofs received .

Present value of unpaid amounts on

matured installment policies (face, $17,-

166.66)

500 00 9,500 00
12.957 61

Total policy claims
10. Amount of all unpaid dividends of surplus, or other description of profits due policy-holders
13. Amount due on account of salaries, rents and office expenses
16. Amount of any other liability of the company, viz.: Premiums paid in advance

22,957 61 861 60 575 30
8,614 26

Deposit account

1,636 47

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account
19. Total liabilities

$ 7,460,878 16 316,836 70
$ 7,777,714 86

236

COMPTROLLER-GENERAL'S REPORT.

VI.--PBEMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on hand

December 31 of previous year

$

2. Premium notes, loans or liens received

during the year on new policies, $707.66;

on old policies, $133,307.83

89,877 61 134,015 49

Total

Deductions during the year as follows:

Amount of notes, loans or liens voided by

lapse

$

Amount of notes, loans or liens voided by

default

Amount of notes, loans or liens redeemed

by maker in cash

$
5,722 02 8,834 01 136,085 97

Total reduction of premium note account ....

Balance, note assets at end of the year

$

223,893 10
150,642 00 73,251 10

Business in Georgia during 1902.

No.

Number and amount of policies on the lives, of citi-

zens of Georgia in force December 31 of pre-

vious year

194

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year . . . 777

Amount.
$ 529,821 85 620,763 63

Total

971

Deduct number and amount which have ceased to

be in force during the year

205

$ 1,150,585 48 225,177 74

Total number and amount of policies in force in Georgia December 31, 1902 . . 766

925,407 74

N \

Amount of losses and claims on policies in Georgia

incurred during the year

5

Amount.
% 11,052 00

Amount of losses and claims on policies in Georgia paid during the year

5 $ 11,052 00

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: Cash, $21,541.41; notes or credits, $1,667.72; total ... $

23,209 13

COMPTROLLER-GENERAL'S REPORT.

237

MISSOURI STATE LIFE INSURANCE COMPANY, ST. LOUIS, MO.

EDMUND P. MELSON, President.

C. A. GOODALL, Secretary.

Principal Office, Chemical Building, St. Louis, Mo.

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 100,000 00

Amount of net or ledger assets December

31 of previous year

$

Extended at

146,614 20 $

146,614 20

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, -without deductions for commis-

sions or other expenses

$

1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

2J. Premium notes, loans, or liens taken in

part payment for renewal premiums

and for premiums on new policies . . .

47,549 05 81,505 83 82,856 40

Total 6. Deduct amount of premiums paid to other
companies for reinsurance on policies in this company, new business, 13.44; renewals, $168.39

211,911 28 171 83

7. Total premium income

$

8. Cash received for interest on mortgage loans

10. Cash received for interest on premium notes, loans, or

liens 11. Cash received for interest on other debts due the com-
pany (deposits in banks) 19. From all other sources, viz.: State " Handy Guides,"
$5.65; commission on loan purchased, $69.60

Total income

$

211,739 45 3,267 21
58 72
636 84
75 25 215,777 47

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$

2. Premium notes, loans, or liens used in pay-

ment of the same

7, Total net amount actually paid for losses and matured endowments

52,168 00 173 21
52,341 21

238

COMPTROLLER-GENERAL'S REPORT.

9. Premium notes, loans, or liens used in

purchase of surrender policies, $

;

voided by lapse

3,186 19

Total paid policy-holders

16. Cash paid stockholders for interest or div-

idends

I

17. Cash paid for commissions and bonuses

to agents (less commission on reinsur-

ance), new policies, $31,318.07; renewals,

$4,029.71

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees.

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

22. Cash paid for taxes on reserves

23. Cash paid for insurance department fees

and agents' licenses, $1,351.39 ; munici-

pal licenses, $210.00

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes

for home and agency offices . ..*...

Cash paid for advertising, $248.26; print-

ing, $1,568.57 ; postage, $886.60 ....

28. Cash paid for real estate expenses, other

than taxes $

; for legal expenses .

29. Cash paid for the following items', viz. :

Collection of premiums

Agency supervision, $736.77; incidental

office expenses, including telephone, tel-

egrams, etc., 1692.66

$ 1,200 00
35,347 78 4,700 77 1,797 00
8,385 99 120 90
1.561 39 1,159 75
189 30 2,703 43
654 20 947 94
1,429 43

Total miscellaneous expenses

30. Total disbursements

IV.--ASSETS AS PER LEDGER ACCOUNTS.

2. Loans on mortgage (first liens) on real estate .... . $ 5. Premium notes, loans, or liens on policies in force . . 7. Cash in company's office 8. Cash deposited in banks 10. Agents' ledger balances

11. Total net or ledger assets.

OTHER ASSETS.

14. Interest due, $903.50; and accrued, $3,-

1 H2.66 on mortgages

$

17. Interest due, $ ; and accrued, $1,882.02 on premium notes, loans, or liens . . .

$
4,096 16 1,882 02

Total carried out

$

55,527 40
60,197 88 115,725 28 142,054 50 81,189 05
1,173 23 9,033 60 13,216 01 246,666 39
5,978 18

COMPTROLLER-GENERAL'S REPORT.

239

23. Gross premiums due and unreported on policies in force December 31, 1902. . $
24. Gross deferred premiums on policies in force December 31, 1902
Total 25. Deduct loading, 15 per cent, on "renewals"
26. Net amount of uncollected and deferred premiums
27. Furniture, fixtures, and safes Supplies, printed matter, etc
Total assets, as per books of the company

Renewas. 3,380 00
16,847 12 20.227 12 3,034 07
$ 17,193 05 1,300 00 300 00
271,437 62

ITEMS NOT ADMITTED.

Furniture, fixtures and safes

5

Agents' balances

Premium notes or loans on policies and

net premiums in item 26 in excess of the

net value of their policies

Supplies, printed matter and stationery .

Total

Total admitted assets

1,300 00 13,216 01
6,061 66 300 00
$

20,877 67 250,559 95

V.--LIABILITIES.

Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest

S

Deduct net value of risks of this company

reinsured in other solvent companies .

Net reinsurance reserve

5. Claims for death losses and matured en-

dowments in process of adj ustment or

adjusted and not due

113,707 00 220 00 $
3,000 00

Total policy claims
13. Amount due on account of salaries, rents and office expenses
16. Amount of any other liability of the company, viz.: Premiums paid in advance
Commissions due to agents on premium notes when
paid 17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

19. Total liabilities

$

113,487 00
3,000 00 940 00 695 60
2,159 13 120,281 73 130,278 22 250,559 95

240

COMPTROLLER-GENERAL'S REPORT.

VI.--PBEMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on hand December 31 of previous year .....$
2. Premium notes, loans or liens received during the year on new policies, $5,810.00 ; on old policies, 179,892.52

2,197 03 85,702 52

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 voided

by lapse . . . '

>
173 21 3,186 19

Amount of notes, loans or liens redeemed by maker in cash

3,351 10

Balance, note assets at end of the year .... $

87,899 55
6,710 50 81,189 05

THE MUTUAL BENEFIT LIFE INSURANCE COMPANY, NEWARK, N. J.

FREDERICK FRELINGHUYSEN, President. EDWARD L. DOBBINS, Secy. Principal Office, 752 Broad Street.

C. V. ANGIER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$74,788,136 77

Extended at

* 74,788,136 77

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$ 1,498,617 53

1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

8,026,701 71

2. Premium notes, loans, or liens taken in

part payment for premiums on new

policies

34,544 74

2$. Premium notes, loans, or liens taken in

part payment for renewal premiums . 634,437 99

3. From dividends applied to pay running

premiums.

1,132,032 30

3J. From dividends applied to purchase

paid-up additions and annuities .... 358,030 89

4. From surrender values applied to pay run-

ning premiums

11,600 00

iti

COMPTROLLER-GENERAL'S REPORT.

241

5. Consideration for annuities, other than

matured installment policies

$ 236,977 23

Total premium income

$ 11,932,942 39

Cash received for interest on mortgage loans

1,789,662 79

Cash received for interest on bonds owned, and divi-

dends on stock

790,500 29

10. Cash received for interest on premium notes, loans, or

liens, and collateral loans

884,993 99

11. Cash received for interest on other debts due the com-

pany

2,964 52

12. Cash received as discount on claims paid in advance .

1,207 77

13. Cash received for rents for use of company's property. 189,572 50

14. Cash received for profits on sales of bonds or stocks,

$

; on real estate

13>174 29

17. Premium notes, loans, or liens restored by revival of

policies

7,151 CO

Total income

15,612,169 84

III.--DISBURSEMENTS DURING YEAR 1902.

Cash paid for death claims, including re-

visionary additions

$ 4,205,181 76

Premium notes, loans, or liens used in

payment of the same

152,009 89

Cash paid for matured endowments, and

additions thereto

1,002,899 15

4. Premium notes, loans, or liens used in the

payment of same

45,764 88

Cash paid for sums falling due during the

year on installment policies

15,309 91

Total net amount actually paid for losses and matured endowments
Cash paid to annuitants
Premium notes, loans, or liens used in
purchase of surrender policies, $223,-
355.17 ; voided by lapse, $12,372.39 . . .
9^ Premium notes, loans, or liens used in payment of dividends to policy-holders
10. Cash dividends paid policy-holders . . . 11. Cash dividends applied to pay running
premiums
12. Cash dividends applied to purchase paidup additions and annuities
13. Surrender values paid in cash H. Surrender values applied to pay running
premiums

5,421,165 59 93,263 91
235,727 56
5,757 17 305,407 67
1,132,032 30 358,030 89
1,113,050 30
11,600 00

Total paid policy-holders

$ 8,676,035 39

16 In

242

COMPTROLLER-GENERAL'S REPORT.

17. Cash paid for commissions and bonuses to agents (less commission on reinsur-

ance), new policies, $636,118.78; newals, $552,056.66

$ 1,188,175 44

18. Cash paid for salaries and allowances to managers and agents
19. Cash paid for medical examiners' fees . . 20. Cash paid for salaries and all other com-
pensation of officers and other home

55,312 19 125,965 07

office employees
21. Cash paid for taxes on premiums .... 22. Cash paid for taxes on reserves, $18,447.79;
on investments, $194,078.34; on real es-

275,097 99 117,227 62

tate, $49,999.77

262,525 90

23. Cash paid for insurance department fees

and agents' licenses, $9,814.40 ; munici-

pal licenses, $25,753.12

35,567 52

Cash paid for investment expenses $107,-

696.08 ; miscellaneous office expenses,

$58,783.12

166,479 20'

Cash paid for advertising, $28,046.35;

printing, $11,882.95; postage, $29,511.21.

69,440 51

28. Cash paid for real estate expenses, other

than taxes, $60,306.00; for legal ex-

penses, $48,320.26

108,626 20

29. Cash paid for the following items, viz.: Premium on bonds purchased

94,649 29

Total miscellaneous expenses

$ 2,404,417 70

80. Total disbursements

$11,175,102 38

IV.--ASSETS AS PER LEDGER ACCOUNTS.

Real estate, exclusive of all incumbrances Loans on mortgage (first liens) on real estate

$ 3,055,693 27 42,072,192 44

Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

3,174,450 00

Loans made in cash to policy-holders on this company's

policies assigned as collateral, or secured by terms of

policy Premium notes, loans, or liens on policies in force, of
which $33,393.15 was received during the year ....

6,987,009 75 4,711,527 79

Par value of bonds owned, excluding accrued interest

at time of purchase ...

18,361,364 87

Cash in company's office

5,198 19

8. Cash deposited in banks 10. Agents' ledger balances

834,535 31 23,232 61

11. Total net or ledger assets

$ 79,225,204 23

COMPTROLLER-GENERAL'S REPORT,

243

OTHER ASSETS.

14. Interest due, $49, L73.49; and accrued, $857,-

480.33 on mortgages

$

15. Interest due, $ , and accrued, on

bonds and stocks

16. Interest due, $

, and accrued on col-

lateral loans

17. Interest due, $

, and accrued on pre-

mium notes, policy loans, or liens . . .

906,653 82 159,968 32
255 29 272,692 13

Total carried out

$ 1,339,569 56

21. Market value of bonds and stocks over par. . . . . . 1,335,750 00

23. Gross premiums due and un- Sew Business. Renewals.

reported on policies in force

December 31, 1902

$ 120,549 16 $ 303,440 39

24. Gross deferred premiums on

policies in force December

31, 1902

110,531 03 692,640 93

Totals

231,080 19

25. Deduct loading, 41 per cent.

on "new," and 20 per cent,

on "renewals," to reduce re-

newals to net

94,742 88

996,081 32 199,216 26

26. Net amount of uncollected and deferred premiums . . 136,337 31 Extended at

796,865 06

933,202 37

28. Total assets, as per books of the company

$ 82,833,726 16

ITEMS NOT ADMITTED.
5. Agents' balances 9. Total admitted assets . . .

$ 23,232 61 $ 82,810,493 55

V.--LIABILITIES.

1. Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest

$ 74,461,293 00

Net reinsurance reserve

74,461,293 00

4. Claims for matured endowments due and

unpaid

41,483 41

5. Claims for death losses in process of ad-

justment or adjusted and not due . . . 152,560 97

6. Claims for death losses and other policy

claims resisted by the company ....

41,500 00

8. Present value of unpaid amounts on ma-

tured installment policies (face $218,-

749.30)

;

167,124 94

244

COMPTROLLER-GENERAL'S REPORT.

Claims for death losses which have been reported and no proofs received. . . .$ 250,000 00

Total policy claims

$

10. Amount of all unpaid dividends of surplus, or other de-

scription of profits due policy-holders

13. Amount due on account of salaries, rents and office

expenses (estimated)

16. Amount of any other liability of the company, viz.:

Premiums paid in advance, $56,058.55; deferred en-

dowment claims, $68,253.21

Special reserve on policies issued since 1899 on three

percent, basis, $612,379.00; deferred death claims,

$24,126.95



652,669 32 279,180 40
25,000 00
124,311 76
636,505 95

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

76,178,960 43 6,631,533 12

19. Total liabilities

$ 82,810,493 55

21. Estimated surplus accrued on all other

policies

$ 6,631,533 12

VI.--PREMIUM NOTE ACCOUNT.

1. Premium notes, loans, or liens on hand

December 31 of previous year

$ 4,693,063 02

2. Premium notes, loans or liens received

during the year on new policies, $34,-

544,74; on old policies, $641,589.29 . . . 676,134 03

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 surrender policies

Amount of notes, loans, or liens voided

by lapse

Amount of notes, loans, or liens used in

payment of dividends to policy-holders

Amount of notes, loans, or liens redeemed

by maker in cash

$ 5,369,197 05
197,774 77 223,355 17
12,372 39 5,757 17 218,409 76

Total reduction of premium note account

657,669 26

Balance, note assets at end of the year

$ 4,711,527 79

Business in Georgia during 1902.

No. Number and amount of policies on the lives of citi-

Amount.

zens of Georgia in force December 31 of pre-

vious year

2934 $ 6,649,328 00

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year. ... 711 1,214,09500

Total .

3645 7,863,423 (.0

COMPTROLLER-GENERAL'S REPORT.

245

Deduct number and amount which have ceased

to be in force during the year

339 $ 646,994 00

Total number and amount of policies in

force in Georgia, December 31,1902 . . . 3306 7,216,429 00

No.
Amount of losses and claims on policies in Georgia

Amount.

unpaid December 31 of previous year .... 3 $ 9,167 00

Amount of losses and claims on policies in Georgia

incurred during the year

38

113,537 00

Total

41

122.704 00

Amount of losses and claims on policies in Georgia

paid during the year . . .

38

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. . $

112,371 00 249,276 19

THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK. N. Y".

RICHARD A. MCCUKDY, President.

WILLIAM J. EASTON, Secretary.

Home Office, 32 Nassau Street, New York City.

R. F. SHEDDEN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of ledger assets December 31 of

previous year

$320,992,250 67

Extended at

$320,992,250 67

II.--INCOME.

1. First year's premiums on original policies,

without deduction for commissions or

other expenses, less $32,883.23 for first

year's reinsurance

$ 8,934,546 20

2. Surrender values applied to pay first year's

premiums

30,684 52

3. Total first year's premiums on original

policies . .

I 8,965,230 72

4. Dividends applied to purchase paid-up

additions and annuities

1,976,939 56

6. Consideration for original annuities involv-

ing life contingencies

4,246^15 63

7. Consideration for supplementary contracts

involving life contingencies

696,951 04

8. Total new premiums

$15,885,836 95

246

COMPTROLLER-GENERAL'S REPORT.

9. Renewal premiums, without deduction for

commissions or other expenses, less $33-

780.10 for reinsurance on renewals ... $ 40,349,658 27

10. Dividends applied to pay renewal pre-

miums

23,488 28

11. Surrender values applied to pay renewal

" premiums

585,280 53

12. Renewal premiums for deferred annuities. 29,798 12

13. Total renewal premiums

40,988,225 20

14. Total premium income

$56,874,062 15

15. Consideration for supplementary contracts not involving

life contingencies

332,626 16

18. Interest on mortgage loans

$ 3,774,395 93

19. Interest on collateral loans

550,460 16

20. Interest on bonds and dividends on stocks. 7,960,849 97

21. Interest on policy loans or liens

696,450 88

22. Interest on other debts due the company . 441,571 37

24. Rent from company's property, including

1225,000.00 for company's own occu-

pancy

1,382,943 26

25. Total interest and rents 26. Profit on sale or maturity of ledger assets 27. From other sources, premiums in suspense

14,806,671 57 1,277,938 48
13,724 38

28. Total income

$73,305,022 74

III.--MSBURSEMENTS.

1. For death claims (less $733,100.00 rein-

surance), $16,519,766.49; additions, $1,-

009,689.02

$17,529,455 51

2. For matured endowments, $3,628,633 08;

additions, $434,751.25

4,063,384 33

3. Net amount paid for losses and matured endowments . $21,592,839 84

4. For annuities involving life contingencies

1,805,506 68

6. Surrender values paid in cash

2,570,256 13

7. Surrender values applied to pay new premiums, $30,-

684.52; to pay renewal premiums, $585,280.53 .... 615,965 05

9. Dividends paid to policy-holders in cash

486,362 48

10. Dividends applied to pay renewal premiums

23,488 28

11. Dividends applied to purchase paid-up additions and

annuities

1,976,939,56

12. Total paid policy-holders

$29,071,358 02

13. Paid for claims on supplementary con-

tracts not involving life contingencies . $ 38,299 09

15. Commissions and bonuses to agents (less

commission on reinsurance), first year's

premiums, $6,184,844.10; renewal pre-

miums, $2,200,502.96; on annuities

(original), $204,775.51; (renewal), $428.35 8,590,550 92

COMPTROLLER-GENERAL'S REPORT.

247

17. Salaries and allowances for agencies, including managers, agents and clerks . . $
18. Agency supervision, traveling and all other agency expenses
19. Medical examiners' fees, $529,191.04; inspection of risks, $204,178.14
20. Salaries and all other compensation of officers and home office employees . . .
21. Rent, including $225,000.00 for company's own occupancy
22. Advertising, $199,434.95; printing and stationery, $632,136.04; postage, $162,694.34.
23. Legal expenses 24. Furniture, fixtures and safes 25. Insurance taxes, licenses and department
fees
26. Taxes on real estate 27. Repairs and expenses (other than taxes)
on real estate 29. All other disbursements: Exchanges and
brokerage, $39,752.14; committee fees and surety bonds, $34,925.00; freight, express, duties, restaurant, newspapers and clippings, $109,458.24; miscellaneous items, $7,868.33; total
Total miscellaneous expenses
30. Total disbursements

938,814 76 237,103 83 733,369 18 891,048 26 419,627 03 994,265 33 254,492 13 112,134 50 697,529 97 358,436 23 621,274 62
192,003 71 $ 15,078,949 56 $ 44,150,307 58

IV.--LEDGER ASSETS.

1. Book value of real estate

$32,833,323 45

2. Mortgage loans on real estate (first liens)

81,566,584 60

3 Loans secured by pledge of bonds, stocks or other col-

lateral .-

10,278,000 00

4. Loans made to policy-holders on this company's policies

assigned as collateral

14,620,874 79

6. Book value bonds (excluding interest), $152,342,964.18;

stocks, $42,433,431.53

194,776,395 69

7. Deposited in trust companies and banks on interest. . . 15,405,955 64

8 Cash in company's office, $17,880.14; deposited in banks

(not on interest), $254,090.00

271,970 14

9. Agents' balances

393,861 52

10. Total ledger assets

$350,146,965 83

NON-LEDGER ASSETS.

11. Interest due, $28,938.15 and accrued,

$877,872.08 on mortgages

$ 906,810 23

12. Interest due, $ , and accrued, $1,727,008,-

30 on bonds and stocks

1,727,008 30

248

COMPTROLLER-GENERAL'S REPORT.

13. Interest due, $7,134.66 and accrued, $8,-

872.22 on collateral loans

$

14. Interest due, $ , not yet earned, on pol-

icy loans or liens (offset to be deducted)

15. Interest due, $ , and accrued, $45,175.03

on other assets

16. Rents due, $26,193.84, and accrued, $116,-

010.08 on company's property or lease .

16,006 88 [296,427 31]
45,175 03 142,203 92

17. Total interest and rents due and accrued

$ 2,540,777 05

19. Market value (not including interest in item 12) of bonds

and stocks over book value

25,363,910 33

New Business. 21. Gross premiums due and un-

Renewals.

reported on policies in

force December 31, 1902. . $ 68,962 65 $3,281,688 30

22. Gross deferred premiums on

policies in force December

31, 1902

239,073 68 2,379,629 72

23. Totals

$ 308,036 33 $5,661,318 02

24. Deduct loading, 20 percent. 61,607 27 1,132,263 60

25. Net amount of uncollected and deferred premiums . . $ 246,429 06 $4,529,054 42

Extended

4,775,483 4S

27. Gross assets

$382,827,136 69

DEDUCT ASSETS NOT ADMITTED.
30. Agents' debit balances

$ 394,455 39

36. Total admitted assets

$382,432,681 80

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, as computed by the insur-

ance department of New York, on the

actuaries' table of mortality, with four

per cent, interest, for policies issued

before January 1, ls98,and on the Amer-

ican table, with three and one-half per

cent, interest, for policies issued on and

after that date

$275,381,689 00

Same for reversionary additions

13,783,008 00

Same for annuities (including those in re-

duction of premiums)

22,153,733 00

Total

$311,318,430 00

Deduct net value of risks of this company

reinsured in other solvent companies . .

15,183 00

Net reserve

$311,303,247 00

COMPTROLLER-GENERAL'S REPORT.

249

2. Present value of amounts not yet due on supplementary-

contracts not involving life contingencies

5. Claims for death losses in process of adjust-

ment or adj usted and not due

$ 1,160,460 53

6. Claims for death losses which have been

reported and no proofs received ....

27,142 00

7. Claims for matured endowments due and

unpaid

295,281 49

8. Claims for death losses and other policy

' claims resisted by the company ....

54,272 00

9. Due and unpaid on annuity claims, involv-

ing life contingencies

151,030 18

852,342 22

10. Total policy claims

$ 1,688,186 20

12. Premiums paid in advance, including surrender values

so applied

309,055 27

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums

140,627 50

22. Other liabilities: Reserve for contingent guarantee fund 65,119,223 11

Total Surplus to be apportioned in 1903

$379,412,681 30 3,020,000 00

25. Total liabilities

$382,432,681 30

Business in Georgia during 19C2. No.

Policies on the lives of citizens of said State in

force December 31 of previous year ..... 8,267

Policies on the lives of citizens of said State issued

during the year

1,927

Total

10,194

Deduct number and amount which have ceased to

be in force during the year

966

Policies in force December 31, 1902

9,228

Amount. $19,708,28200
3,673,385 00 $23,381,667 00
1,705,867 00 $21,675,800 00

Losses and claims unpaid December 31 of previous year
Losses and claims incurred during the year ....

No.
3 99

Amount.
$ 7,000 00 293,482 00

Total

102 $ 300,482 00

Losses and claims settled during the year .... 102

300,482 00

Premiums collected or secured in cash and notes or credits

without any deductiou for losses, dividends, commis-

sions or other expenses

$ 786,195 66

Amount of business written during the year

7,272,182 00

250

COMPTROLLER-GENERAL'S REPORT.

MUTUAL LIFE INSURANCE COMPANY OP ILLINOIS.

GEORGE W. KIGGS, President.

GUSTAV \V. WEIPPIERT, Secretary.

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$

Amount of surplus paid up

in cash

2. Amount of capital subscrib-

ed, but unpaid (balance

due on stock notes for

same)

150,000 00 105,692 53
44,307 47

Extended at

300,000 00'

II.--INCOME DURING YEAR 1902.

9. Cash received for interest on bonds owned, and divi-

dends on stock

'

Total income

905 08 905 08

III.--DISBURSEMENTS DURING THE YEAR.

20. Cash paid for salaries and all other compensation of

officers and other home office employees

$

23. Cash paid for insurance department fees and agents'

licenses

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes for home and

agency offices

27. Cash paid for advertising, S302.84; printing, $1,241.14

29. Cash paid for the following items, viz.: Postage. .

Miscellaneous expenses

30. Total disbursements

$

4,628 89
526 00 899 97
1,992 60 4,543 98
395 80 135 41 13,122 65

IV.--ASSETS AS PER LEDGER ACCOUNTS.

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

$

7. Cash in company's office

8 Cash deposited in banks

9. Bills receivable

13. Total net or ledger assets

$

237,612 60 1,783 10 4,079 26 44,307 47
287,782 4a

COMPTROLLER-GENERAL'S REPORT.

251

MUTUAL RESERVE LIFE INSURANCE COMPANY, NEW YORK, N. Y.

FREDERICK A. BURNHAM, President.

CHARLES W. CAMP, Secretary.

Principal Office, 309 Broadway, New York City.

IRVIN ALEXANDER, Augusta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year, as determined by

examination of New York insurance

department

$ 4,634,610 50

Extended at

$ 4,634,610 50

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

- cies, without deductions for commis-

sions or other expenses

$ 344,207 50

1J. Cash received for renewal premiums,

without deductions for commissions

or other expenses

3,576,903 02

2. Premium notes, loans, or liens taken in

part payment for premiums on new pol-

icies

23,359 54

2J. Premium notes, loans or liens taken in

part payment for renewal premiums . . 577,435 83

3. From dividends applied to pay running

premiums

50,261 63

4. From surrender values applied to pay

running premiums

126 93



4J. From surrender values applied to purchase

paid-up insurance and annuities . . .

7,514 37

7. Total premium income

$ 4,579,808 82

8. Cash received for interest on mortgage loans ....

18,235 71

9. Cash received for interest on bonds owned, and divi-

dends on stock

....

15,073 72

10 Cash received for interest on premium notes, loans, or

liens

2.84 90

11 Cash received for interest on other debts due the com-

pany.

19-361 0&

13. Cash received for rents for use of company's property,

including $50,400.00 for company's own occupancy . . 148,644 36

17. Premium notes, loans or liens restored by revival of

policies

3>212 2

19 From all other sources, viz.: Fees for alteration in poli-

cies, etc

44187

Total income

$ 5,025,862 99

252

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 2,759,041 50

2. Premium notes, loans or liens used in

payment of the same

119,027 38

7. Total net amount actually paid for losses and matured

endowments

$ 2,878,068 88

9. Premium notes, loans or liens used in purchase of sur-

rendered policies voided by lapse

373,140 70

10. Cash dividends paid policy-holders

180 68

11. Cash dividends applied to pay running premiums . .

50,261 63

13. Surrender values paid in cash

61,969 37

14. Surrender values applied to pay running premiums . .

126 93

15. Surrender values applied to purchase paid-up insurance

and annuities

7,514 37

Total paid policy-holders 17. Cash paid for commissions and bonuses to
agents (less commission on reinsurance), new policies, 1204,765.77; renewals, $96,226.11. 18. Cash paid for salaries and allowances to managers and agents. 19. Cash paid for medical examiners' fees, $29,366.92; inspection of risks, $4,328.03. 20. Cash paid for salaries and all other compensation of officers and other home office employees 22. Cash paid for taxes on real estate .... 23. Cash paid for insurance department fees and agents' licenses 24. Cash paid for rent, including $50,400.00 for company's 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, $34,536.80; printing, $30,035.26 28. Cash paid for real estate expenses, other than taxes, $105,313.29; for legal expenses, $43,327.51 29. Cash paid for the following items, viz.: Traveling and agency expenses, $69,784.02; postage; $26,388.20; investment expenses, $1,200.00; actuarial expenses, $30,684.24; general office expenses, $111,636.43; miscellaneous expenses, $215,582.72
Total miscellaneous expenses

$ 3,371,262 56
300,991 88 150,674 39 33,694 95
285,727 44 27,009 47 64,512 63 72,286 68 74,500 00
5,389 11 64,572 06
148,640 80
455,275 61 1,683 275 02

30. Total disbursements

$ 5,054,537 58

COMPTROLLER-GENERAL'S REPORT.

253

IV.--ASSETS AS PER. LEDGER ACCOUNTS.

Cost value of real estate, exclusive of all in cumb ranees.$ 682,448 04

Loans on mortgages (first liens) on real estate . . . 461,750 00

Premium notes, loans or liens on policies in force, of

which $604,791.83 was received during the year . . . 2,107,199 73

Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

508,247 53

Cash in company's office

967 11

Cash deposited in banks

711,936 50

On deposit in collecting banks and with bonded col-

lectors

133,387 00

11. Total net or ledger assets

4,605,935 91

OTHEK ASSETS.

14. Interest due, $- -; and accrued, $3,-

344.83 on mortgages

$

15. Interest due, $1,728.62, and accrued, $2,-

348.21 on bonds and stocks

17. Interest due, $

, and accrued on pre-

mium notes, loans or liens

19. Rents due on company's property or lease.

3,344 83
4,076 83
90,835 00 5,060 65

Total carried out

$

20. Market value of real estate over cost

21. Market value of bonds and stocks over cost

New Business. Renewa's.

24. Gross deferred premiums on

policies in force December

31, 1902 .

$ 141,657 00 | 967,045 00

103,317 31 59,382 38
3,189 10

Totals 25. Deducting loading, excess
over reserve, and 10 per cent
26. Net amount of uncollected and deferred premiums. .

141,657 00 67,443 00 74,214 00

967,045 00 208,665 00 758,380 00

Extended Net premiums in transit reserve charged in liabilities .

832,594 00' 137,260 00

28. Total assets, as per books of the company

$ 5,741,678 70

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according- to

the actuaries' and American table of

mortality, with four and three and a

half per cent, interest

$ 4,050,329 00

Net reinsurance reserve

$ 4,050,329 00

254

COMPTROLLER-GENERAL'S REPORT.

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 ....

Claims for death losses on policies reported

and no proofs received

705,567 35 50,868 17 331,712 05

Total policy claims

$ 1,088,147 57

9J Liabilities on policies cancelled and not included in

item upon which a surrender value may be demanded

2,740 00

10. Amount of all unpaid dividends of surplus, or other

description of profits due policy-holders

26,771 35

13. Amount due on account salaries, rents and office ex-

penses, including taxes .

51,702 86

16. Amount of any other liability of the company, viz.:

Premiums paid in advance

1,073 07

Dividends apportioned, payable to policy-holders dur-

ing 1903

5,894 43

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

5,226,658 28 515,020 42

19. Total liabilities

21. Estimated surplus accrued on all other

policies

*

$ 5,741,678 70 515,020 42

Business in Georgia during 1902.

No.
Number and amount of policies on the lives of

citizens in Georgia in force December 31 of

previous year

1393

Number and amount of policies on the lives of cit-

izens of Georgia issued during the year . . . 522

Amount.
$ 2,646,103 00 766,816 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, 1902 . .

1915 $ 3,412,949 00

499

823,920 00

1416 $ 2,589,029 00

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year. ...
Amount of losses and claims on policies iu Georgia incurred during the year

No.

Amount.

9 $ 26,80000

28

72,594 04

Total

37 $ 99,394 04

Amount of losses and claims on policies in Georgia paid during the year

28 $ 80,978 46

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: Cash, $62,922.00; notes or credits, $17.56; total. . . . $

62,939 56

COMPTROLLER-GENERAL'S REPORT.

255

THE NATIONAL LIFE INSURANCE CO., MONTPELIER, VT.

JOSEPH A. DEBOER, President.

OSMAN D. CLARK, Secretary.

Principal Office, 116 State St., Montpelier, Vt.

JOHN T. MOODY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$ 21,091,705 82

Extended at

$ 21,091,705 82

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 669,967 43

1|. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

3,393,414 73

2J. Premium notes, loans or liens taken in

part payment for renewal premiums . . 261,900 13

3. From dividends applied to pay running

premiums

88,681 82

SI. From dividends applied to purchase paid-

up additions and annuities

5,734 30

5. Consideration for annuities, other than

matured installment policies

506,323 68

7. Total premium income

$ 4,926,022 09

8. Cash received for interest on mortgage loans

403,063 14

9. Cash received for interest on bonds owned, and divi-

dends on stock

326,676 33

10. Cash received for interest on premium notes, loans or

liens

177,660 33

11. Cash received for interest on other debts due tbe com-

pany

23,082 42

12. Cash received as discount on claims paid in advance. .

614 10

13. Cash received for rents for use of company's property,

including $2,000.00 for company's own occupancy. . . 137,738 50

14. Cash received for profits on sales of bonds, $ ; real

estate

2,327 22

Total income

. $ 5,997,184 13

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 1,007,155 08

2. Premium notes, loans or liens used in pay-

ment of the same

16,322 74

3. Cash paid for matured endowments, and

additions thereto

197,125 40

256

COMPTROLLER-GENERAL'S REPORT.

5. Cash paid for sums falling due during the

year on installment policies

$

6,693 20

7 Total net amount actually paid for losses and matured

endowments

$ 1,227,296 42

8. Cash paid to annuitants

54,263 99

9. Premium notes, loans or liens used in purchase of sur-

rendered policies

59,170 59

9J. Premium notes, loans or liens used in payment of divi-

dends to policy-holders

732 39

10. Cash dividends paid policy-holders

34,277 87

11. Cash dividends applied to pay running premiums . . .

88,681 82

11. Cash dividends applied to purchase paid-up additions

and annuities

......

5,i34 30

13. Surrender values paid in cash

_ 421,949 88

Total paid policy-holders
17. Cash paid for commissions and bonuses to agents (less commission on reinsurance), new policies, $390,930.68; renewals, $253,880.73; annuities, $25,145.07 .... $
18. Cash paid for salaries and allowances to managers and agents
19. Cash paid for medical examiners' fees, $51,426.85; inspection of risk, $3,152.63 .
20. Cash paid for salaries and all other compensation of officers and other home office employees
21. Cash paid for taxes on new premiums, $13,992.18; on renewals. $53,902.77 . . .
22. Cash paid for taxes on reserves 23. Cash paid for insurance department fees
and agents' licenses, $3,467.79; municipal licenses, $2,904.30. 24. Cash paid for rent, including $4,000 company's 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, $24,399.02; printing, stationery, $9,699.09; postage, $12,284.62
28. Cash paid for real estate expenses other than taxes, $66,197.14; for legal expenses,
$481.21 29. Cash paid for the following items, viz:
Taxes on real estate, $33,965.24; agency supervision and travel, $4,652.19; investment expenses, $1,956.67; premium on bonds, $35,562.87
Total miscellaneous expenses

1,892,107 26
069,956 48 93,226 04 54,579 48
99,868 29 67,894 95
8,613 42
6,372 09 19,599 96 25,895 67 13,322 26
46,382 73
66,678 35
'6.'36 9' 1,248,526 69

30. Total disbursements

3,140,633 95

COMPTROLLER-GENERAL'S REPORT.

257

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. $ 1,727,341 19

2. Loans on mortgage (first liens) on real estate

9,854,032 32

3. Loans s-ecured by pledge of bonds, stocks or other mar-

ketable collaterals

24,700 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

2,455,336 80

5. Premium notes, loans or liens on policies in force . . .

882,996 51

6. Cost value of bonds and stocks and warrants owned,

excluding accrued interest at time of purchase. . . . 8,411,864 76

7. Cash in company's office

5,409 04

8. Cash deposited in banks

587,136 16

11. Total net or ledger assets Deduct agents' credit balances
13. Total net or ledger assets, less depreciation

23,918,816 78 560 78
23,948,256 00

OTHER ASSETS.

14. Interest claimed as an asset, due, $4,401.34;

and accrued, $180,139.15 on mortgages . $

15. Interest due, $8,514.30; and accrued, $133,-

784.44 on bonds and stocks and warrants

16. Interest due, $

; and accrued on col-

lateral loans

17. Interest due, $6,635.91 ; and accrued, $96,-

347.12 on premium notes, loans or liens.

Dividends accrued

18. Interest due, $

; and accrued $900.00

on other assets

19. Rents due, I , and accrued

184,540 49
142,298 74
1,203 17
102,983 03 530 00
900 00 9,768 94

Total carried out 21. Market value of bonds and stocks over cost

23. Gross premiums due and un- New Business. Renewals.

reported on policies in force

December 31, 1902

$ 118,382 70 $ 210,162 62

24. Gross deferred premiums on

policies in force December

31,1902

67,472 14 333,808 48

442,224 37 331,227 00

Totals 25. Deducting loading, 57 per cent,
on new, and 7 per cent, on renewals

185,854 84 105,937 26

543,971 10 38,077 98

26. Net amount of uncollected

and deferred premiums . . Extended

79,917 58 505,893 12

Annuity consideration in process of collection (net)

585,810 70 29,462 24

28. Total assets, as per books of the company 17 in

25,336,980 31

258

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

]. Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest

$ 22,207,561 62

Net reinsurance reserve

$ 22,207,561 62

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

L000 00 11,099 00

6. Claims for death losses and other policy claims resisted by the company. . . .

25,000 00

7 Amount due and unpaid on annuity
' claims 8. Present value of unpaid amounts on ma-
tured installment colicies (face, $83,-

I-TM 43

189.59)

~

_MI221_97

Total policy claims 10. Amount of all unpaid dividends of surplus, or other de-
scription of profits due policy-holders Surrender values claimable on policies cancelled ....

98,431 40
7,618 48 13,542 57

1" Amount of national, State or other taxes due

\

13. Amount due and accrued on account of salaries, rents \ 100,266 60

and office expenses 16. Amount of any other liability of the company, viz.:
Premiums paid in advance Extra life rate endowment reserve.

3.2^ 75 319,577 24

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

22,750,266 66 2,586,713 6o

19. Total liabilities

25,336,980 31

20. Estimated surplus accrued on Tontine or

other policies, the profits upon which are

especially reserved for that class of poli-

cies

* MS1.472 77

21 Estimated surplus accrued on all other

policies.

L105-240 88

Jlusiness in Georgia during 1902.

Number and amount of policies on the lives of citizens of Georgia in force December 31 of pre-
vious year Number and amount of policies on the lives of citi-
zens of Georgia issued during the year . . .

No.
I28 * 293

Total

421 '

Amount.
29"'00000 561,740 43 858,740 48

COMPTROLLER-GENERAL'S REPORT.

259

Deduct number and amount which have ceased to be iu force during the year

No. 126 $

Total number and amount of policies in force in Georgia, December 31, 1902 . . 295
Amount of premiums collected or secured in Georgia during the year in cash and notes or credits, without any deductions for losses, dividends, commissions or other expenses, cash

Amount. 256,740 43 602,000 00
14,430 02

NATIONAL LIFE INSURANCE COMPANY OF THE UNITED STATES OF AMERICA, WASHINGTON, D. C.

Louis G. PHELPS, President.

R. E. SACKETT, Secretary.

Principal Branch Office, 159 La Salle Street, Chicago, Illinois.

W. H. HARRISON, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 1,000,000 00

Amount of ledger assets December 31 of

previous year

$

Extended at

2,540,306 00 $

2,540,306 00

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deduction for commissions

or other expenses

$

1J. Cash received for renewal premiums, with-

out deductions for commissions or

other expenses

2. Premium notes, loans, or liens taken in part payment for premiums on new policies
2$. Premium notes, loans, or liens taken in part payment for renewal premiums..
3. From dividends applied to pay running premiums
4. From surrender values applied to pay running premiums, single premium
4J. From surrender values applied to purchase paid-up insurance and annuities

275,346 33
273,781 16
531 75 27,915 32
175 90 370 00 12,112 41

Total 6. Deduct amount of premiums paid to other
companies for reinsurance on policies in this company, new business, $353.20; renewals, $1,812.48

590,232 87 2,165 6S

7. Total premium income

.$

588,067 19

260

COMPTROLLER-GENERAL'S REPORT.

8. Cash received for interest on mortgage loans

$

9. Cash received for interest on bonds owned, and divi-

dends on stock

10. Cash received for interest on premium notes, loans, or

liens

11. Cash received for interest on other debts due the com-

pany

12. Cash received as discount on claims paid in advance....

13. Cash received for rents for use of company's property,

including $6,000.00 for company's own occupancy....

19. From all other sources, viz.: Profit and loss, loans to

policy-holders, $470.86; bonds, $101,406.25 ; surpius pre-

miums, $52.67 ; cash, $192,366.47; mortgage loans, $37,-

584.68 ; real estate, $48,557.02 ; total

16,643 91 26,981 21 8,157 97 2,792 27 1,570 00 S9,416 52
380,437 95

Total income

$ 1,114,067 02

HI.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$

5. Cash paid for sums falling due during the

year on installment policies

169,555 17 9,420 00

7. Total net amount actually paid for losses

and matured endowments

10. Amount returned to policy-holders

11. Cash dividends applied to pay running

premiums

13. Surrender values paid in cash

14. Surrender values applied to pay running

premiums

. .

15. Surrender values applied to purchase paid-

up insurance and annuities

178,975 17 1,210 07
175 90 31 797 21
370 00
12,112 41

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (lesscommission on reinsurance),

new policies, $243,309.85; renewals,

$20,609.20

$

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$18,146.32; inspection of risks, $5,318.73.

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums,

$809.72 ; on renewals, $2,128.54

22. Cash paid for taxes on reserves, $

;

on personal, $68.53; real estate, $119.48

$
263,919 05 9,557 12
23,465 05
46,111 79 2,938 26
188 01

224,640 76

COMPTROLLER-GENERAL'S REPORT.

261

23. Cash paid for insurance department fees

and agents' licenses, $12,521.12; munici-

pal licenses, $126.00

$

24. Cash paid for rent, including $6,000.00 for

company's 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, $5,008.55; print-

ing supplies and stationery, $7,968.56;

postage, $2,410.10

28. Cash paid for real estate expenses, other

than taxes, $41,641.40 ; for legal expen-

ses, $9,238.99,

29. Cash paid for the following items, viz.: Ac-

tuarial services, $3,981.61; exchange and

collection, $121.11; foreclosure expenses,

$104.60; miscellaneons expenses, $3,-

668.35 ; policy fees, $34.00; P. and L. to

correct entries, $308 83; agents' bal-

ances, $43,770.20; premium notes, $25.83;

bills receivable, special, $4,545.34; col-

lateral loans, $8,808.30; interest, $5,-

020.00; miscellaneous notes, $38,940.73 ;

bills receivable,$14400; ledger balances,

$92,116.62; stocks, $10,515.91; law library,

$1,215.75 ; miscellaneous notes, $2,079.99 ;

suspense premiums, $221.31; total

Total miscellaneous expenses

30. Total disbursements

12,647 12 6,885 00 8,331 33 2,241 47 15,387 21
50,880 39
215,622 51

658,174 31 882,815 07

IV.--ASSETS AS PEE LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all encumbrances.$ 1,169,351 36

2. Loans on mortgage (first liens) on real estate

276,759 25

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

30,700 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

49,845 72

5. Premium notes, loans, or liens on policies in force

11,637 72

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase 7. Cash in company's office

924,183 75 38,806 61

8 Cash deposited in banks

253,334 87

9. Bills receivable ($428.53 since paid)

3,911 60

10. Agents' ledger balances, advanced during the year

(since paid)

..

Ledger balances, secured

594 32 12,432 75

11. Total net or ledger assets

2,771,557 95

262

COMPTROLLER-GENERAL'S REPORT.

OTHER ASSETS.

14. Interest due, $312.00; and accrued, $2,-

494.40 on mortgages

$

15. Interest due, $500.00; and accrued,11,074.16

on bonds and stocks

16. Interest due, $

; and accrued on col-

lateral loans

19. Rents due, $3,342.89; and accrued 111,504.55

on company's property or lease

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 31,1902

$ 49,934 02 $

24. Gross deferred premiums on policies in force December 31,1902

15,89107

Totals 25. Deducting loading, 87 per cent,
on "new," and 68 per cent,
on "renewals"

65,825 09 57,267 82

26. Net amount of uncollected and deferred premiums
Extended at

8,557 27

28. Total assets, as per books of the company

2,806 40 1,574 16
21 00 14,847 44
$
Renewals.
43,742 26
28,156 52 71,898 78
4,889 11 67,009 67

19,249 00 13,414 26 6.303 75
75,566 94 2,886,091 90

ITEMS NOT ADMITTED.
7. Bills receivable 9. Total admitted assets



$

3,483 07

$ 2,882,608 83

V.--LIABILITIES.

1. Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, computed by the Illinois

insurance department according to the

actuaries' table of mortality, with four

per cent, interest

$ 1,709,141 00

Deduct net value of risks of this company

reinsured in other solvent companies..

27,395 00

Net reinsurance reserve

$ 1,681,746 00

2. Premium notes or loans on policies and

other obligations in excess of the net

value of their policies

$ 18,705 18

3. Claims for death losses due and unpaid. .

100 00

COMPTROLLER-GENERAL'S REPORT.

263

4. Claims for matured endowments due and

unpaid

$

5. Claims for death losses and matured endowments in process of adjustment or

adjusted and not due

Claims for death losses and other policy

claims resisted by the company and in

process of settlement

8. Present value of unpaid amounts on matured installment policies (face $34,700.00)

267 00 54,689 00 12,302 64 25,920 00

Total policy claims

$

13. Amount due on account of salaries, rents and office ex-

penses 16. Amount of any other liability of the company, viz.:
Commissions due agents on premium notes when paid,

$791.74; estimate cost of completion of improvements

on real estate holdings, $22,535.00; all other liabilties,

$8,000.00 ; total

111,983 82 4,112 84
31,326 74

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

1,829,169 40 1,053,43!) 43

Total liabilities

$ 2,882,608 83

Business in Georgia during 1902.

Number and amount of policies on the lives of citizens of Georgia in force December 31 of pre-
vious year Number and amount of policies on the lives of citi-
zens of Georgia issued during the year

544 $ 964,837 00 943 2,091,486 01

Total

1487

Deduct number and amount which have ceased to be

in force during the year

286

3,056,323 01 454,197 15

Total number and amount of policies in

force in Georgia, December 31, 1902

1201

2,602,125 86

No.

Amount.

Amount of losses and claims on policies in Georgia incurred during the year

11 $

17,055 00

Amount of losses and claims on policies in Georgia

paid during the year

7

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, cash,

$55,015.34; notes or credits, $468.46; total

13,000 00 55,483

264

COMPTROLLER-GENERAL'S REPORT.

NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY, BOSTON, MASS.

BENJAMIN F. STEVENS, President.

S. F. TRULL, Secretary.

Principal Office, 87 Milk Street, Boston, Mass.

W. E. GRADY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$ 30,115,280 32

Extended at

$ 30,115,280 32

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ (308,293 18

]. Cash received for renewal premiums,

without deductions for commissions or

other expenses

3,449,613 77

2J. Premium notes, loans or liens taken in

part payment for renewal premiums . .

20.948 31

3. From distributions applied to pay running

premiums

431,414 99

3. From distributions applied to purchase

paid-up additions

36,428 25

4J. From surrender values applied to pur-

chase paid-up insurance

16,079 84

7. Total premium income

$ 4,562,764 34

8. Cash received for interest on mortgage loans

398,924 68

9. Cash received for interest on bonds owned, and divi-

dends on stock

606,861 13

10. Cash received for interest on premium notes, loans or

liens. . .

119,456 23

11. Cash received for interest on other debts due the com-

pany : Collateral loans

94,807 55

12. Cash received as discount on claims paid in advance,

and interest on bank balances

8,987 49

13. Cash received for rents for use of company's property,

including $28,000.00 for company's own occupancy . . 175,971 07

17. Premium notes, loans or liens restored by revival of

policies

1,249 80

19. From all other sources, viz.: Balance of profit and loss

account

9,858 25

Total income

$ 6,028,880 54

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including revis-

ionary additions

$1,827,727 77

COMPTROLLER-GENERAL'S REPORT.

265

2. Premium notes, loans or liens used in pay-

ment of the same

49,389 74

3. Cash paid for matured and discounted en-

dowments and additions thereto

304,683 12

4. Premium notes, loans or liens used in the

payment of same

15,358 88

5. Cash paid for sums falling due during the

year on installment policies

3,710 00

7. Total net amount actually paid for losses and matured

and discounted endowments

$ 2,200,869 51

9. Premium notes, loans or liens used in purchase of sur-

rendered policies, $85,880.84; voided by lapse, $6,340.07 9J. Premium notes, loans or liens used in payment of divi-

92,220 91

dends to policy-holders

1,146 05

10. Cash distributions paid policy-holders

58,551 10

11. Cash distributions applied to pay running premiums. . 431,414 99

12. Cash distributions applied to purchase paid-up additions 36,428 25

13. - Surrender values paid in cash

340,847 46

15. Surrender values applied to purchase paid-up insurance 16,079 84

Total paid policy-holders.

$ 3,177,558 11

17. Cash paid for commissions and bonuses to

agents: New policies, $307,270.90; re-

newals, $209,946.88

517,217 78

18. Cash paid for salaries and allowances to

managers and agents

47,695 47 ,

19. Cash paid lor medical examiners' fees, $38,-

648.18; inspection of risks, $1,265.65. . . . 39,913 83

20. Cash paid for salaries and all other compen-

sation of officers and other home office em-

ployees

166,161 82

21. Cash paid for taxes on premiums

43,564 93

22. Cash paid for taxes on reserves, $26,595.24 ;

on real estate, $32,741.28

59,336 52

23. Cash paid for insurance department fees and

agents' licenses, $'9,470 83; municipal

licenses, $1,992.10

11,462 93

24. Cash paid for rent, including $28,000.00 for

company's own occupancy

53,455 09

25. Cash paid for commuting commissions . . 5,526 57

26. Cash paid for furniture, fixtures and safes

for home and agency offices, $9,408.35;

travel, $6,524.78

15,933 13

27. Cash paid for advertising, $32,533.73; print-

ing and stationery, $30,193.80; postage, $4-,

803.96

67,531 49

28. Cash paid for real estate expenses, other

than taxes, $67,150.49; for legal .expenses,

$2,365.14

69,515 63

266

COMPTROLLER-GENERAL'S REPORT.

29, Cash paid for the following items, viz.:

Telegraph and telephone service, light,

express, exchange and all other general

items and incidentals at home office and

agencies

$

Suspense account

Total miscellaneous expenses

30. Total disbursements

13,521 21 10,000 00
$ 1,120,830 40
$ 4,298,394 51

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances . $ 2,378,653 99

2. Loans on mortgage (first liens) on real estate

9,597,666 67

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

1,729,195 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,704,120 08

5. Premium notes, loans or liens on policies in force. . . . 228,030 17

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

15,725,886 00

8. Cash deposited in banks

_ 482,214 44

11. Total net or ledger assets

$31,845,766 35-

OTHER ASSETS.

14. Interest, due, $598.75, and accrued, $78,037.60

on mortgages

$

15. Interest due, $ , and accrued on bonds

and stocks

16. Interest due, $ , and accrued on collateral

loans



17. Interest due, $1,695.00, and accrued, $28,527.30 on premium notes, loans or liens . .

18. Interest due $ ,and accrued on other assets 19. Rents due, $3,225.25, and accrued, $10,277.07
on company's property or lease

78,636 35 41,283 22 15,437 95
30,222 30 427 53
13,502 32

Total carried out 2], Marker, value of bonds and stocks over cost

179,509 6T 1,813,064 00-

New Business. Renewals.

23. Gross premiums due and unre-

ported on policies in force De-

cember 31, 1902

$ 44,232 18 $175,521 72

24. Gross deferred premiums on pol-

icies in force December 31,1902 67,747 00 454,845 43

Totals

$111,979 18 $630,367 15

25. Deduct loading 20 per cent, on

"new" and 20 per cent, on "re-

newals"

22,395 84 126,073 43

HP

COMPTROLLER-GENERAL'S REPORT.

267

26. Net amount of uncollected and

deferred premiums

$ 89,583 34 $ 504,293 72

Extended ... . , ,

593,877 06

28. Total assets, as per the books of the company

$ 34,432,217 08

V.--LIABILITIES.

1. Net present value of all the outstanding pol-

icies in force on the 31st day of Decem-

ber, 1902, computed according to the actu-

aries' table of mortality, with 4 per cent,

interest

$30,467,958 89

Net reinsurance reserve 3. Claims for death losses due and unpaid . . . 4. Claims for matured endowments due and
unpaid 5. Claims for death losses and matured endow-
- ments in process of adjustment or adjusted and not due
(5. Claims for death losses and other policy claims resisted by the company
7. Losses reported and no proofs received . . . 8. Present value of unpaid amounts on matured
installment policies

$ 30,467,958 89 45,527 00 28,328 00
56,511 00 16,500 00 59,803 00 42,591 27

Total policy claims

$

10. Amount-of all unpaid distributions of surplus, or other

description of profits due policy-holders

249,260 27 188,362 58

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

30,905,581 74 3,526,635 34

19. Total liabilities

$34,432,217 08

VI.--PREMIUM NOTE ACCOUNT.

Premium notes, loans or liens on hand De-

cember 31 of previous year

$ 240,977 84

Premium notes, loans or liens restored by

revival of policies

1,249 80

Premium notes, loans or liens received dur-

ing! the year on new policies, $

; on

old policies

20,948 31

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 ".

$
15,817 75 2,585 61 2,650 07

263,175 95

268

COMPTROLLER-GENERAL'S REPORT.

Amount of notes, loans or liens used In payment of distributions to policy-holders . .
Amount of notes, loans or liens redeemed by

1,146 05

35,145 78 ... $ 228,030 17

Business in Georgia during 1902.

No.
Number and amount of policies on the lives of citi-

Amount.

zens of Georgia in force December 31 of pre181 $ 408,203 00

-

Number and amount of policies ou the lives of citi-

zens of Georgia issued during the year .... 139

307,449 00

320 Deduct number and amount which have ceased to
22

715 652 00 59,345 00

Total number and amount of policies in force in Georgia December 31,1902 . . . 298 $ 656,307 00

No.

Amount of losses and claims on policies in Georgia

unpaid December 31 of previous year . .

1

Amount of losses and claims on policies in Georgia

incurred during the year

1

Amount. 296 00
3,716 00

Total

2 $ 4,012 00

Amount of losses and claims on policies in Georgia

paid during the year

2

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:

Cash, $23,783.98; notes or credits, $273.70; total. . . . $

4,012 00 24,057 6S

NEW YORK LIFE INSURANCE COMPANY, NEW YORK, N. Y.

JOHN A. MCCALL, President.

CHAS. C. WHITNEY, Secretary.

LIVINGSTON MIMS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK .

Amount of ledger assets (as per balance),

December, 31, of previous year

$270,729,766 76

Extended at

$276,729,766 76

COMPTROLLER-GENERAL'S REPORT.

269

II.--INCOME.

First year's premiums on original policies

without deduction for commissions or

other expenses, less $53,487.76 for first

year's reinsurance

$ 13,287,121 38

Total first year's premiums on original policies
Dividends applied to purchase paid-up additions and annuities
Consideration for original annuities involving life contingencies
Consideration for supplementary contracts involving life contingencies

13,287,121. 38 463,081 69
1,712,428 67 125,389 89

Total new premiums

15,588,021 63

Renewal premiums without deduction for

commissions or other expenses, less $180,-

383.53 for reinsurance on renewals

48,905,636 29

10. Dividends applied to pay renewal premiums 495,536 28

11. Surrender values applied to pay renewal

premiums

21,304 31

12. Renewal premiums for deferred annuities.

39,446 03

13. Total renewal premiums

$ 49,461,922 91

14. Total premium income

$ 65,049,944 54

15. Consideration for supplementary contracts not involving

life contingencies

459,894 25

17. Premium note-i, loans or liens restored by revival of

policies

3,936 67

18. Interest on mortgage loans

$ 1,405,806 27

19. Interest on collateral loans

153,404 63

20. Interest on bonds

8,441,147 48

21. Interest on premium notes, policy loans or

liens

1,243,009 18

22. Interest on other debts due the company. . 628,806 31

23. Discount on claims paid in advance

14,688 00

24. Rent from company's property, including

$193,448.56 for company's own occupancy 1,058.590 65

25. Total interest and rents 26. Profit on sale or maturity of ledger assets

$ 12,945,452 52 649,173 36

28. Total income

$ 79,108,401 34

III.--DISBURSEMENTS.

1. For death claims (less $ 14,000.00 reinsurance)

$15,201,122.91; additions, $731,384.39 $ 15,932,507 30

2. For matured endowments fless $5,000.00

reinsurance), $3,937,962.27; additions,

$107,139.92

4,045,102 19

3. Net amount paid for losses and matured endowments... .$ 19,977,609 49

270

COMPTROLLER-GENERAL'S REPORT.

4. For annuities involving life contingencies

5. Premium notes, voided by lapse

6. Surrender values paid in cash

7. Surrender values applied to pay new premiums $

;

to pay renewal premiums

9. Dividends paid to policy-holders in cash

10. Dividends applied to pay renewal premiums

11. Dividends applied to purchase paid-up additions and an-

nuities

1,626,605 44 10,369 82
4,682,155 81
21,304 31 3,281,896 93
495,536 2S
463,081 69

12. Total paid policy-holders

$ 30,558,559 77

13. Paid for claims on supplementary contracts

not involving life contingencies

37,278 45

15. Commissions and bonuses to agents (less

commission on reinsurance), first year's

premiums, 16,710,251.45; renewal pre-

miums, $1,613,464.52; on annuities (orig-

inal), $40,715.75 ; (renewal), $86.97

8,364,518 69

16. Commuting renewal commissions

5,268 64

17. Salaries and allowances for agencies, in-

cluding managers, agents and clerks. ... 2,297,945 54

18. Agency supervision, traveling and all other

agency expenses

870,876 23

19. Medical examiner's fees,$G77,296.18; inspec-

tion of risks, $147,042.77

824,338 95

20. Salaries and all other compensation of

officers and home office employees

836,735 63

21. Rent, including $103,448.56 for company's

own occupancy, less $

received

under sub lease

550,935 28

22. Advertising, $135,339.01; printing and sta-

tionery, $343,597.66; postage, $254,100 94. 733,037 61

23. Legal expenses

172,632 37

24. Furniture, fixtures and safes

218,332 01

25. Insurance taxes, licenses and department

fees

712,02113

26. Taxes on real estate

220,091 90

27. Repairs and expenses (other than faxes.) on

real estate

263,967 25

28. Loss on sale or maturity of ledger assets.. .

73.2S4 94

29. All other disbursements ( give items and

amounts), telegrams, cables, telephones,

$33,637.51; brokerage and exchange, $19,-

444.37; committee fees and surety bonds,

$34,065.25; freight and express, restaurant,

rejection bureau cards, bills, books, pa-

pers and newspaper clippings, $61,909.78 ;

auditcompany's charges, $23,410.82 ; mis-

cellaneous items, $23,299,40; total

185,767 08

30. Total disbursements

$ 46,925,591 47

COMPTROLLER-GENERAL'S REPORT.

271

IV.--LEDGER ASSETS.

Book value of real estate, unincumbered .1I 12,880,000 00

Mortgage loans on real estate, first lien

26,125,318 09

Loans secured by pledge of bonds

4,104,000 00

Loans made to policy-holders on this com-

pany's policies assigned as collateral

22,093,673 94

Premium notes on policies in force

2,664,475 59

Book value of bonds (excluding interest) . 218,423,051 18

Deposited in trust companies and banks on

interest

21,074,150 60

Cash in company's office, $29,632.32; de-

posited in bank (not on interest) $1,518,-

274.91

1,547,907 23

10. Total ledger assets

$308,912,576 63

NON-LEDGKR ASSETS.

11. Interest due, $41,440.25, and accrued, $145,-

436.22 on mortgages

I

12. Interest due, $ , and accrued on bonds. .

13. Interest due, $ , and accrued on col-

lateral loans

14. Interest due, $ , and accrued, on pre-

mium notes, policy loans or liens

15. Interest due, $ , and accrued, on other

186,876 47 1,469,258 91
2,680 29
155,228 00

assets 16. Rents due, $9,057.79, and accrued, $16,156.98
on company's property or lease

31,517 00 25,214 77

17. Total interest and rents due and accrued 19. Market value of bonds overbook value

$ 1,870,775 44 6,616,244 28

New Business. 21. Gross premiums due and un-

Renewals.

reported on policies in force

, December 31, 1902

$2,960,358 00

22. Gross deferred premiums on

policies in force December

81, 1902

$ 633,488 00 3,427,191 00

23. Totals

$ 633,488 00 $6,387,549 00

24. Deduct loading 22> percent. 142,534 80 1,437,198 52

25. Net amount of uncollected and deferred premiums... $

490,9,53 20 $4,950,350 48 $ 5,441,303 68

27. Gross assets 36. Total admitted assets

.$322,840,900 03 $322,840,900 03

272

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

Net present value of all the outstanding

policies paid for, in force on the 31st day

of December, 1902, as computed by the

Insurance Department of the State of

New York on the Actuaries, and Ameri-

can tables of mortality, with three and

four per cent, interest, as follows: Poli-

cies known as the Company's three per

cent, policies, and all policies issued since

December 31, 1900, being valued as per

the American experience table of mor-

tality with three per cent, interest, and

all other policies being valued as per the

combined experience table of mortality

with four per cent, interest

$250,008,234 00

Same for reversionary additions

3,332,529 00

Same for annuities (including those in re-

duction of premium)

15,248,311 CO

Total

$268,589,074 00

Deduct net value of risks of this company

reinsured in other solvent companies.. . . 244,654 00

Net reserve

$268,344,420 00

Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed

by this company

785,744 06

Liability on policies cancelled and not included in item 1,

upon which a surrender value may be demanded

60,003 85

Claims for death losses in process of adjust-

ment or adjusted and not due

$ 158,377 91

Claims for death losses which have been re-

ported and no proofs received

1,80S,150 94

Claims for matured endowments due and

unpaid

349,700 38

Claims for death losses and other policy

claims resisted by the company

78,740 00

Due and unpaid on annuity claims, involv-

ing life contingencies

114,507 74

10. Total policy claims

$

12, Premiums paid in advance, including surrender values so

applied

13, Commissions due to agents on premium notes when paid

1!). Dividends or other profits due to policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums.

2,509,476 97 890,692 19 30,766 31
185,677 79

I *

COMPTROLLER-GENERAL'S REPORT.

273

22. Other liabilities (give items and amounts):

Additional reserve on policies which the

company values on a higher basis than

that used by the New York State Insur-

ance Department, as above stated

$ 5,397,325 00

Reserve to provide dividends payable to

policy-holders in 1903, and thereafter, as

the periods mature:

To holders of 20-year period policies and

longer

23,877,325 86

To holders of 15-year policies

8,270,742 00

To holders of 10-year policies

588,663 00

To holders of 5-year policies.

587,401 00

To holders of annual dividend policies.. . 800,947 00

Reserves to provide for all other contin-

gencies

10,511,715 00

Total additional reserves

$ 50,034,118 86

25. Total liabilities

$322,840,900 03

Business in Georgia during 1902.
Policies on the lives of citizens of said State in force December 31 of previous year
Policies on the lives of citizens of said State issued during the year

No. 9,291 1,825

Amount. $ 19,626,111 00
3,001,220 00

Total Deduct ceased to be in force during the year

11,116 $ 22,627,331 00 990 1,980,500 00

Policies in force, December 31, 1902

10,126 $ 20,646,831 00

Losses and claims unpaid December 31 of previous year
Losses and claims incurred during the year

No.
15 $ 134

Amount.
54,632 04 232,558 54

Total

149 $ 287,190 58

Losses and claims settled during the year, in cash.. 138

275,008 74

Losses and claims unpaid December 81, 1902

11 f

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends, commis-

sions or other expenses

$

12,181 84 729,701 91

18 in

274

COMPTROLLER-GENERAL'S REPORT.

THE NORTHWESTERN MUTUAL LIFE INSURANCE CO. MILWAUKEE, WISCONSIN.

H. L. PALMER, President.

J. W. SKINNER, Secretary.

W. W. WHITE, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of ledger assets (as per balance),

December 31 of previous year

$146,731,231 82

Extended at

$140,731,231 82

II.--INCOME.

1. First year's premiums on original policies without deduction for commission or other expenses
2. Surrender values applied to pay first year's premiums

3,063,931 41 271 84

3. Total first year's premiums on original

policies

$ 3,064,203 25

4. Dividends applied to purchase paid-up

addition and annuities

694,157 11

6., Consideration for original annuities in-

volving life contingencies

119,889 15

8. Total new premiums

$ 3,878,249 51

9. Renewal premiums without deduction for

commissions or other expenses

18,677,779 88

10 Dividends applied to pay renewal pre-

miums

2,020,431 35

12. Renewal premiums for deferred annuities

2,366 45

13. Total renewal premiums

$20,700,577 68

14. Total premium income

$ 24,578,827 19

15. Consideration for supplementary contracts not involv-

ing life contingencies

511,027 23

17. Premium notes, loans or liens restored by revival of

policies 18. Interest on mortgage loans

$ 3,397,998 45

2,694 78

20. Interest on bonds and dividends. .... 2,450,517 03

21. Interest on premium notes, policy loans

or liens 22. Interest on other debts due the company.

491,038 89 210,406 12

23. Discount on claims paid in advance . . .

9,521 27

24. Rent from company's property, including

$37,300.00 for company's own occupancy 447,832 03

25. Total interest and rents

$ 7,007,313 79

26. Profit on sale or maturity of ledger assets

25,698 39

27. From other sources (give items and amount): On ac-

count of deficiency on loan, $2,500 ; internal revenue

stamps redeemed, $1,201.94; adjustment of real estate

values, $23,041.34

26,743 28

28. Total income

$32,152,304 66

11111111

COMPTROLLER-GENERAL'S REPORT.

275

III.--DISBURSEMENTS.

1. For death claims, $5,525,619.44 ; additions,

' $113,897.58

$ 5,639,517 02

2. For matured endowments, $1,765,816.14;

additions, $69,799.52

1,835,615 66

3. Net amount paid for losses and matured endowments . $ 7,475,132 68

4. For annuities involving life contingencies

36,412 72

5. Premium notes, voided by lapse

7,582 57

6. Surrender values paid in cash

1,854,122 33

7. Surrender values applied to pay new premiums ....

271 84

9. Dividends paid to policy-holders in cash

1,465,679 67

10. Dividends applied to pay renewal premiums

2,020,431 35

11. Dividends applied to purchase paid-up additions and

annuities

694,157 11

12. Total paid policy-holders 13. Paid for claims on supplementary con-
tracts not involving life contingencies. 15. -Commissions, first year's premiums, $1,-
283,240.98; renewal premiums, $1,577,062.52; on annuities, original, $589.57; renewal, $123.19 16. Commuting renewal commissions .... 18. Traveling and all other agency expenses . 19. Medical examiners' fees, $151,994.60; inspection of risk, $19,354.76 20. Salaries and all other compensation of officers and home office employees . . . 21. Rent, including $37,300.00 for company's own occupancy 22. Advertising, $5,563.44; printing and stationery, $41,108.57; postage, $71,380.49 . 23. Legal expenses 24. Furniture, fixtures and safes 25. Insurance taxes, licenses and department fees 26. Taxes on real estate 27. Repairs and expenses (other than taxes) on real estate 29. All other disbursements: Loan expenses, $118,297.50; traveling expenses, $406.38; taxation, expenses, $1,460.12; loss expenses, $387.23; expenses of trustees and executive committee, $25,963.00; exchange, $7,148.64; freight and express, $9,685.57

$ 13,553,790 27 54,403 75
2,861,016 26 9,576 82 10,84164
171,349 36 456,296 20 37,300 00 118,052 50
20,837 12 2,581 02 548,931 58 85,422 86 230,950 13
163,348 44

30. Total disbursements

$ 18,324,697 95

276

[COMPTROLLER-GENERAL'S REPORT.

IV.--LEDGER ASSETS.

1. Book value of real estate unincumbered, $ 4,261,545 88

2. Mortgage loans on real estate, first liens . 76,543,348 60

4. Loans made to policy-holders on this com-

pany's policies assigned as collateral . . 10,746,187 00

5. Premium notes on policies in force. . . . 292,223 25

6. Book value of bonds (excluding interest). 65,834,434 20

7. Deposited in trust companies and banks

on interest

2,732,763 45

8. Cash in company's office

200,757 44

9. Agents' balances.

46,382 33

Total

$160,657,642 15

Deduct agents' credit balances, $91,750.35 ;

all other, $7,053.27 . -

98,803 62

10. Total ledger assets

$160,558,838 53

NON-LEDGER ASSETS.

11. Interest due, $50,621.64, and accrued, $912,-

846.53 on mortgages

$ 963,468 17

12. Interest due, $31,100.00, and accrued, $990,-

245.38 on bonds

1,021,345 38

14. Interest due, $65,076.14, and accrued, $240,-

882.38 on premium notes, policy loans

or liens

305,958 52

16. Rents due, $824.65, and accrued, $34,412.80

on company's property or lease ....

35,237 45

17. Total interest and rents due and accrued

S 2,326,009 52

19. Market value (not including interest in item 12) of

bonds over book value

95,995 13

New business. Renewals.
21. Gross premiums due and un-

reported on policies in force

December 31, 1902

$ 13,628 00 $ 802,032 00

22. Gross deferred premiums on

policies in force December

31, 1902

155,744 00 1,371,516 00

-23. Totals

$ 169,372 00 $ 2,173,548 00

24. Deduct loading 41 j5,,',, per cent,

on "new," 715u'o on "renew-

als"

70,407 94 164,537 58

25. Net amount of uncollected and deferred premiums .... $ 98,964 06 $ 2,009,010 42

Extended at

$ 2,107,974 48

27. Gross assets

$165,088,817 66

DEDUCT ASSETS NOT ADMITTED.

30. Agents' debit balances

$ 46,382 33

35. Total

$

46,382 33

36. Total admitted assets

$165,042,435 33

COMPTROLLER-GENERAL'S REPORT.

277

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, as computed by the com-

pany, on the actuaries' and American

tables of mortality, with four and three

per cent, interest respectively

$129,129,756 00

Same for reversionary additions

3,101,918 00

Same for annuities (including those in re-

duction of premiums)

442,290 00

Total

$132 673,994 00

Net reserve

$132,673,994 00

2. Present value of amounts not yet due on supplemen-

tary contracts not involving life contingencies, com-

puted by the company

500,793 00

4.. Claims for death losses due and unpaid . $ 63,697 12

5. Claims for death losses in process of ad-

justment or adjusted and not due . . . 215,093 01

6. Claims for death losses which have been

reported and no proofs received .... 209,419 82

7 Claims for matured endowments due and

unpaid.

70,695 29

8. Claims for death losses and other policy

claims resisted by the company ....

43,042 86

9. Due and unpaid on annuity claims, in-

volving life contingencies

766 48

10. Total policy claims

$ 602,714 58

11. Due and unpaid on supplementary contracts not involv-

ing life contingencies

830 00

12. Premiums paid in advance, including surrender values

so applied ...

,

25,847 12

15. Bills, accounts, commissions, medical fees, due or ac-

crued . .

67,904 66

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums

268,127 16

20. Dividends apportioned, payable to policy-holders dur-

ing 1903

1,659,645 55

Tontine surplus payable to policy-holders subsequent to

1903 as the periods of participation mature

23,764,948 45

24. Unassigned funds (surplus)

5,477,630 81

25. Total liabilities

$165,042,435 33

Business in Georgia during 1902.

No. Amount. 9. Policies on the lives of citizens of said State in

force December 31 of previous year

5,485 $11,682,224 00

278

COMPTROLLER-GENERAL'S REPORT.

10. Policies on the lives of citizens of said State reported during the year

949 $ 1,823,200 00

11. Total 12. Deduct ceased to be in force during the year, in-
cluding removals from the State

6,434 $13,505,424 00 424 847,180 00

13. Policies in force December 31 14. Losses and claims unpaid December 31 of pre-
vious year 15. Losses and claims incurred during the year in-
creased in adjustment

6,010 312,658,244 00 5 $ 9,248 00 62 139,777 00

16. Total 17. Losses and claims settled during the year ...

67 149,025 00 64 143,395 00

18. Losses and claims unpaid December 31 ... .

3 $ 5,630 00

19. Premiums collected or secured in cash and notes or

credits (not including premiums paid by non-residents)

without any deduction for losses, dividends, commis-

sions or other expenses

$ 430,570 39

THE PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA, SAN FRANCISCO, CAL.

GEO. A. MOORE, President.

S. M. MARKS, Secretary

Principal Office, 508 Montgomery Street, San Francisco, Cal.

A. C. HARMON, Savannah, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

i. Amount of capital stock

paid up in cash

$ 500,000 00

Amount of net or ledger assets, December

31, of previous year

$ 4,459,710 85

Extended at

$ 4,459,710 85

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$

1J. Cash received for renewal premiums,with-

out deductions for commissions or other

expenses

2J. Premium notes, loans or liens taken in

part payment for renewal premiums . .

3. From dividends applied to pay running

premiums

...

3J. From dividends applied to purchase paidup additions and annuities

439,164 38
843,176 85 50,376 02 47,044 62 84,538 60

COMPTROLLER-GENERAL'S REPORT.

279

4. From surrender values applied to pay

running premiums

$

4. From surrender values applied to pur-

chase paid-up insurance and annuities .

5. Consideration for annuities, other than

matured installment policies

6,801 89 10,574 72 11,500 00

Total

1,493,177 08

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $4,688.11;

renewals, $15,253.12

19,941 23

7. Total premium income

5If 1,473,235 85

8. Cash received for interest on mortgage loans

63,065 92

9. Cash received for interest on bonds owned, and divi-

dends on stocks

98,660 81

10. Cash received for interest on policy premium notes,

. loans or liens

15,462 73

11. Cash received for interest on other debts due the com-

pany 12. Cash received as discount on claims paid in advance .

35,747 15 128 45

13. Cash received for rent for use of company's property, in-

cluding $13,000.00 for company's own occupancy . . .

21,599 35

14. Cash received for profits on sales of bonds or stocks,

$10,203.19; real estate, $3,387.46; all other, $15,459.61

29,050 06

19. From all other sources, viz.: Premium income, accident

department

540,409 61

Total income

$ 2,277,359 93

III.--DISBURSEMENTS DURING YEAR 1902.

Cash paid for death claims, including re-

visionary additions

$

2. Premium notes, loans or liens used in

payment of the same

3. Cash paid for matured endowments, and

additions thereto

371,536 90 68 20
45,894 00

Total Deduct amount received from other com-
panies for losses or claims on policies of this company reinsured

417,499 10 27,000 00

Total net amouut actually paid for losses and matured

endowments

$

Cash paid to annuitants

Premium notes, loans or liens used in purchase of sur-

rendered policies, $5,135.20 ; voided by lapse, $ , . .

Premium notes, loans or liens used in payment of divi-

dends to policy-holders

10. Cash dividends paid policy-holders 11. Cash dividends applied to pay running premiums . . .

390,499 10 6,423 33
5,135 20
963 86 2,152 42 47,044 62

280

COMPTROLLER-GENERAL'S REPORT.

12. Cash dividends applied to purchase paid-up additions

and annuities

$

13. Surrender values paid in cash

14. Surrender values applied to pay running premiums . .

15. Surrender values applied to purchase paid-up insurance

and annuities

84,538 60 66,868 70 6,801 89
10,574 72

Total paid policy-holders

16. Cash paid stockholders for interest or

dividends

$

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $309,123.95; renewals, $68,-

162.92

18. Cash paid for salaries and allowances to

managers and agents

19, Cash paid for medical examiners' fees .

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums,

$4,392.39; on renewals, $7,263.60 .....

22. Cash paid for taxes on revenue, S72.45; on

real estate, $6,655.66

23. Cash paid for insurance department fees

and agents' licenses, $4,089.87 ; munici-

pal licenses, $191.25



24. Cash paid for rent, including $9,400.00 for

company's own occupancy

25. Cash paid for commuting commissions,

franchise tax

27. Cash paid for advertising, $4,393.35; print-

ing, $18,854.20

23. Cash paid for real estate expenses, other

than taxes, $5,945.14; for legal expenses,

$7,186.62

29. Cash paid for the following items, viz.:

Postage, $4,719.10; general expense, $13,-

949.91

Losses on sales of ledger assets

Total disbursements of accident department

Total miscellaneous expenses

. 26,775 00
377,286 87 24,842 21 31,974 52
62,668 00 11,65599 6,728 11
4,281 12 13,102 73
271 78 23,247 61
13,131 76
18,669 01 13,167 90 505,305 84

621,002 44 1,133,108 45

30. Total disbursements

$ 1,754,110 89

IV.--ASSETS AS PER LEDGER ACCOUNTS.

Cost value of real estate, exclusive of all incumbrances. $ 399,397 92

Loans on mortgage (first liens) on real estate

1,180,115 65

Loans secured by pledge of bonds, stocks or other mar-

ketable collateral

175,900 00

COMPTROLLER-GENERAL'S REPORT.

281

4. Loans made to policy-holders on this company's policies

assigned as collateral

$ 192,764 16

5. Premium notes, loans or liens on policies in force . . .

34,125 77

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

2,797,105 60

7. Oash in company's office

1,525 70

8. Oash deposited in banks

187,106 82

9. Bills receivable

150 30

10. Agents' ledger balances

9,244 40

Furniture and fixtures

28,681 75

Total

5,006,118 07

Deduct reserve on reinsurances held for account of

other companies

2J,158 18

13. Total net or ledger assets

4,982,959 89

OTHER ASSETS.

14. Interest due, $5,826.70, and accrued, $8,-

272.02 on mortgages

$

15. Interest due, $ , and accrued, on bonds

and stocks

16. Interest due, $3,885.89, and accrued, $2,-

816.8U, on collateral loans

17. Interest due, $761.70, and accrued, $2,653.38

on premium notes, loans or liens ....

18. Interest due, $ , and accrued on other

assets

14,098 72 41,540 17 6,702 69 3,415 08 10,855 29

Total carried out 21. Market value of bonds and stocks over cost

76,611 95 170,266 40

New Business Renewals.

23. Gross premiums due and

unreported on policies in

force December 31, 1902. . $ 102,043 49 $ 103,035 48

21. Gross deferred premiums on

policies in force December

31, 1902

43,984 80 83,295 40

Totals 25. Deducting loading, 20 per
cent, on "new," and 20 per cent, on " renewals " .

146,028 29 29,205 66

191,330 88 3S,266 17

26. Net amount of uncollected and deferred premiums . . 116,822 63

153,064 71

Extended

$ 269,887 34

Printed supplies, $6,000.00 ; non-ledger assets of acci-

dent department, $133,080.20

139,080 20

28. Total assets, as per the books of the company

5,638,805 78

282

COMPTROLLER-GENERAL'S REPORT.

ITEMS NOT ADMITTED.

2. Furniture, fixtures and safes

$

5. Agents' balances

7. Bills receivable

$

Supplies, printed matter and stationery .

28,681 75 9,244 40 150 30 6,000 00

Total . . . . 1). Total admitted assets

$ 44,076 45



$ 5,594,729 33

V.--LIABILITIES.

Net present value of all the outstanding policies in force on the 31st day of December, 1902, computed according to the combined experience table of mortality, with four per cent, interest on business prior to January 1, 1901, and on the American experience table of mortality, with three and one-half per cent, interest on business since January 1, 1901 . Deduct net value of risks of this company reinsured in other solvent companies . .

4,500,387 64 32,451 49

Net reinsurance reserve Claims for death losses reported and no
proofs received 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 Claims for death losses and other policy claims resisted by the company .... Present value of unpaid amounts on matured installment policies (face, $12,900.00)

$ 4,467,936 15 43,604 77 2,585 00
15,395 28 2,000 00
11,200 00

Total policy claims

74,785 05

Total liabilities of accident department

231,493 62

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

4,774,214 82 820,514 51

19. Total liabilities

$ 5,594,729 33

VI.--PREMIUM NOTE ACCOUNT.

Premium notes, loans or liens on hand

December 31 of previous year

$

Premium notes, loans or liens received

during the year

Total

36,394 02
50,376 02 $

86,770 04

COMPTROLLER-GENERAL'S REPORT.

283

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 policy-holders.

Amount of notes, loans or liens redeemed

by maker in cash

68 20 5,135 20
963 86 46,477 01

Total reduction of premium note account ....

Balance, note assets at end of the year

$

52,644 27 34,125 77

Business in Georgia during 1902.

No.
Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

- vious year

138 %$

Number and amount of policies on the lives of citi-

izens of Georgia issued during the year .... 195

Amount,
299,500 00 272,250 00

Total

333

Deduct number and amount which have ceased

to be in force during the year

53

571,750 00 106,500 00

Total number and amount of policies in force in Georgia December 31,1902. . .. 280

465,250 00

No.

Amount of losses and claims on policies in Georgia

incurred during the year

1

Amount.
1,014 00

Amount of losses and claims on policies in Georgia

paid during the year.

1 $

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:

Cash

$

1,014 00 15,617 56

PENN MUTUAL LIFE INSURANCE COMPANY, PHILADELPHIA, PA.

HAHRY F. WEST, President.

HENRY C. BROWN, Sec'y and Treasurer.

H. C. BAGLEY, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

Amount of ledger assets (as per

balance), December 31 of

previous year

$46,380,860 74

Decrease of capital during the year, being

deduction to bring assets to market value$

Extended at

67,126 18 $46,313,734 5S

284

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME.

As shown by the books at home office at close of business Dec. 31,1902.

1. First year's premiums on original policies

without deduction for commissions or

other expenses, less $26,783.35 for first

year's reinsurance

$ 1,988,255 84

2. Surrender values applied to pay first year's premiums

873 94

Total first year's premiums on original policies
Dividends applied to purchase paid-up additions and annuities
Surrender values applied to purchase paid-up insurance and annuities
5. Consideration for original annuities involving life contingencies
Consideration for supplementary contracts involving life contingencies

1,989,129 78 87,849 00 90,094 00 495,715 19 3,388 75

Total new premiums

.$ 2,666,176 72

Renewal premiums without deduction for

commissions or other expenses, less $5,-

228.22 for reinsurance on renewals

$ 7,413,512 54

10. Dividends applied to pay renewal premiums 590,275 34

11. Surrender values applied to pay renewal

premiums

38,581 69

12. Renewal premiums for deferred annuities

702 18

13. Total renewal premiums

8,043,071 75

14. Total premium income

$ 10,709,248 47

15. Consideration for supplementary contracts not involving

life contingencies

215,412 00

17. Premium notes, loans, or liens restored by revival of

policies

3,952 60

18. Interest on mortgage loans

$ 968,498 99

19. Interest on collateral loans

394,251 27

20. Interest on bonds and dividends on stocks 776,660 89

21. Interest on premium notes, policy loans or

liens

91,157 63

22. Interest on other debts due the company

19,874 92

24. Rent from company's property

194,384 95

25. Total interest and rents 26. Profit on sale or maturity of ledger assets 27. From other sources, suspended bank dividends, $121.79 ;
bonuses on mortgages, etc., $5,990.94

2,444,828 05 61,013 45
6,112 73

28. Total income

$ 13,440,567 90

COMPTROLLER-GENERAL'S REPORT.

285

III.--DISBURSEMENTS.

As shown by the books at home office at close of business Dec. 31, 1902.

1. For death claims $2,456,656.40; additions,

$16,510.00

$ 2,473,166 40

2. For matured endowments, $855,343.00 ; ad-

ditions, $15,806.00

871,149 00

3. Net amount paid for losses and matured endowments
4. For annuities involving life contingencies 5. Premium notes, voided by lapse 6. Surrender values paid in cash 7. Surrender values applied to pay new pre-
miums, $873.94; to pay renewal premiums, $38,581.69 8. Surrender values applied to purchase paid up insurance and annuities 9. Dividends paid to policy-holders in cash .. 10. Dividends applied to pay renewal premiums 11. Dividends applied to purchase paid-up additions and annuities

3,344,315 40 129,926 72 25,26161 532,680 11
39,455 63
90,094 00 21,445 72
590,275 34
87,849 00

Total paid policy-holders

$ 4,861,303 53

13. Paid forclaims on supplementary contracts

not involving life contingencies

77,718 37

15. Commissions and bonuses to agents (less

commission on reinsurance), first year's

premiums, $1,054,539.02; renewal pre-

miums, $194,059.23; on annuities (origi-

nal), $22,759.98 ; (renewal), $29.50

1,571,387 73

16. Commuted renewal commissions

788 17

17. Salaries and allowances for agencies, in-")

eluding managers, agents and clerks, I 18. Agency supervision, traveling, and all j 9'i'*b'* _8

other agency expenses

j

19. Medical examiners' fees, $116,579 72; in-

spection of risks, $15,792.24

132,371 96

20. Salaries and all other compensation of

officers and home office employees

224,091 67

21. Rent received under sub lease

44,863 34

22. Advertising, $40,203.23; printing and sta-

tionery, 43,649.91, postage, 29,919.88

113,773 02

23. Legal expenses

9,263 80

24. Furniture, fixtures and safes

,

6,674 17

25. Insurance taxes, licenses and department

fees

281,480 35

26. Taxes on real estate

41,884 58

27. Repairs and expenses (other than taxes)

on real estate

122,551 02

286

COMPTROLLER-GENERAL'S REPORT.

29. All other disbursements, home office expenses
30. Total disbursements

57,682 43 $ 7,643,298 42

IV.--LEDGER ASSETS.

1. Book value of real estate, unineumbered 2. Mortgage loans on real estate, first liens

$ 2,907,902 11 20,488,000 29

3. Loans secured by pledge of bonds, stocks, or other col-

lateral

3,752,272 73

4. Loans made to policy-holders on this company's policies

assigned as collateral

4,236,182 00

5. Premium notes on policies in force, of which $7,168.48 is

for first year's premiums

1,154,072 60

6. Book value of bonds (excluding interest), $18,613,189.72;

stocks, $309,619.00

18,922,80S 72

7. Deposited in trust companies and banks on interest, ac-

tive daily depositories, Fidelity, $40,000.00; R. E.Title,

$60,000.00: Philadelphia, $78,800.00; Penn, $50,000.00;

City Trust, $6,000.00; Hanover, $20,000.00; Title Guar-

antee, $100,000.00 ; Drexel & Co., $100,000 00

454,800 00

8. Cash in company's office, $5,306.02 ; deposited in banks

(not on interest), Western National, $60,000.00

65,306 02

<). Bills receivable, $185,133.83; agents'balances, $1,845.67.. 186,979 50

Furniture

7,376 06

Temporary obligations for premiums, mainly secured

by reserves on policies

97,497 75

Less agents' credit balances

52,273,197 78 162,193 74

10. Total ledger assets

.$52,111,004 04

KON-LEDGER ASSETS.

11. Interest due, $5,007.72; and accrued, $316,-

344.18 on mortgages

$ 321,351 90

12. Interest due and accrued on bonds and

stocks

116,853 00

13. fnterestdueandaccruedoncollateralloans

9,326 51

15. Interest due and accrued on other assets 16. Rents due, $5,931.72; and accrued, $6,-
789.38 on company's property or lease... _

10,000 00 12,721 10

17. Total interest and rents due and accrued

%

19. Market value of bonds and stocks over book value

New Business. Renewals.

21. Gross premiums due and un-

reported on policies in force

December 31, 1902

$ 362,020 18$ 732,838 63

470,252 51 580,761 53

COMPTROLLER-GENERAL'S REPORT.

287

22. Gross deferred premiums on

policies in force December

31, 1902

$ 126,538 42 $ 679,775 95

Totals

488,558 60 1,412,614 58

24. Deduct loading 20 per cent.... 97,711 72 282,522 92

25. Net amount of uncollected and

deferred premiums

390,846 88 1,130,091 66

Extended at

$ 1,520,938 54

Gross assets

DEDUCT ASSETS NOT ADMITTED.

$ 54,682,956 62
i

29. Furniture, fixtures and safes

$

30. Agents'debit balances

31. Cash advanced to or in the hands of offi-

cers or agents, (all to agents)

32. Bills receivable

;....

7,376 06 1,845 67
185,133 83 97,497 75

35. Total

291,853 31

30. Total admitted assets

$54,391,103 31

V.--LIABILITIES.

Net present value of all outstanding poli-

cies in force on the 31st day of December,

1302, as computed by the Pennsylvania insurance department on the actuaries'

table of mortality, with three and a half

and four per cent, interest

$43,846,279 00

Same for reversionary additions

753,163 00

Same for annuities (including those in re-

duction of premiums)

1,433,627 00

Total

46,033,069 00

Deduct net value of risks of this company

reinsured in other solvent companies.. 68,528 00

Net reserve Present value of amounts not yet due on
supplementary contracts not involving life contingencies, computed by the company's actuary Trust deposits 5. Claims for death losses in process of adjustment or adjusted and not due 6. Claims for death losses which have been reported and no proofs received

..$ 45,964,541 00
766,559 00 13,821 00 329,004 00

10. Total policy claims

$

12. Premiums paid in advance, including surrender values

so applied

13. Commissions due to agents on premium notes when paid

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums

329,004,00 41,945 71 10,195 75
96,953 72

288

COMPTROLLER-GENERAL'S REPORT.

20 Dividends apportioned, payable to policy-holders during

1903

i

$ 27,844 00

21. Dividends apportioned, payable to policy-holders subse-

quent to 1903, accumulated surplus fund, $1,831,701.98;

five-year option, $547,499.64; life rate endowment,

$511,907.00; four per cent, bond, $208,193.52; six per

cent, bond, $78,254.95; guarantee dividend, $68,-

440.00; total

* 3'245'99' 09

22. Other liabilities, special three and three and a half per

cent, reserve 24 Unassigned funds (surplus)

_^' 3,02/,14O Q4

25. Total liabilities

$54,391,103 31

PREMIUM NOTE ACCOUNT.

1. Premium notes, loans or liens on hand De-

cember 31 of previons year

$ 1,100,842 57

2 Received during the year on new policies, $7,168.48; on old policies, $232,064.59
3 Restored by revival of policies

239,233 07 3,952 60

Total

.TZ7ZZ^7.$ 1,344.028 24

Deductions during the year as follows : 4. Used in payment of losses and claims $ 5. Used in purchase of surrendered policies.
6. Voided by lapse 7 Used in payment of dividends to policy-

38,318 10 35,700 41 25>261 61

' holders 8. Redeemed by maker in cash

.JJ}
2D,624 81

9. Total reduction of premium note account

189,955 64

10. Balance of note assets at end of year

$ 1,154,072 60

Business in Georgia during 1902. ^

Amount.

Policies on the lives of citizens of said State in force

December31,of previous year

6023 $12,403,81-00

Policies on the lives of citizens of said State issued

during the year

3708

6,,63,511 QQ

Tota]
Deduct ceased to be in force during the year

9731 19,167,323 00 1746 3,534,631 00

Policies in force December 31, 1902

7985 15,632,092 00

No.

Amount.

Losses and claims unpaid December 31, of previous

9 $ 41,99o 00

Losses and claims incurred during the year

49

89,172 87

Total
Losses and claims settled during the year

58

131,167 87

55

128,102 87

Losses and claims unpaid December 31, 1902

3

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends, commis-

sions or other expenses

$

3,065 00 482,614 53

COMPTROLLER-GENE RAL'S REPORT.

289

PHCENIX MUTUAL LIFE INSURANCE COMPANY, HARTFORD, CONN.

JONATHAN B. BUNCB, President.

WILLIAM A. MOORE, Secretary.

CHAS. S. ARNALL, Atlanta, Attorney for Service in Georgia.

I. --CAPITAL STOCK.

Amount of ledger assets December 31 of

previous year (1901)

$ 13,822,864 74

Extended at

$ 13,822,864 74

II.-- INCOME. As shown by the books at home office at close of business, Dec. 31, 1902.

1. First year's premiums on original policies

without deduction for commissions or

other expense?, less $9,163.23 for first

year's reinsurance

$

2. Surrender values applied to pay first year's

premiums

380,377 83 1,217 02

3. Total first year's premiums on original

policies

$

4. Dividends applied to purchase paid-up ad-

ditions and annuities

5. Surrender values applied to purchase paid-

up insurance and annuities

6. Consideration for original annuities in-

volving life contingencies

381,594 85 55,432 00 87,864 00 15,825 20

8. Total new premiums 9. Renewal premiums (in addition to items
10,11 and 12) without deduction for commissions or other expenses, less $20,212.89 for reinsurance on renewals 10. Dividends applied to pay renewal premiums '. 11. Surrender values applied to pay renewal premiums

$
2,032,900 53 188,336 09 1,909 36

540,716 05

13. Total renewal premiums

$ 2,223,145 98

14. Total premium income

$ 2,763,862 03

15. Consideration for supplementary contracts not involving

life contingencies: 1902, $8,190.00; previous years,

$34,981.67

43,171 67

18. Interest on mortgage loans

$ 432,054 21

20. Interest on bonds and dividends on stocks. 181,614 83

21. Interest on premium notes, policy loans or

liens

58,7i2 97

22. Interest on other debts due the company .

8,750 48

19 in

290

COMPTROLLER-GENERAL'S REPORT.

23. Discount on claims paid in advance ... $ 24. Rents from company's property, including
18,000.00 for company's own occupancy.

75 78 41,768 48

25. Total interest and rents

$

26. Profit on sale or maturity of ledger assets

,

27 From other sources: Guarantee of mortgage loans . .

Tf/ll m <*b,4ZJ "
874 84

28. Total income

* 3,567,307 30

III. --DISBURSEMENTS.
As shown by the books at home office at close of business Dec. 31, 1902.

1 For death claims (less $5,448.C0 reinsurance), $834,185.63; additions, $6,675.00 . $
2. For matured endowments (including $1,289.00 for pure endowments granted with extended term insurance), $132,974.00; additions, $8,859.00

S40,860 63 141'833 00

3. Net amount paid for losses and matured endowments. . $ 4. For annuities involving life contingencies.
5. Premium notes, voided by lapse 6. Surrender values paid in cash 7. Surrender values applied to pay new premiums, $1,217.02;
to pay renewal premiums, $1,909 36
8 Surrender values applied to purchase paid-up insurance and, annuimtieMs
9. Dividends paid to policy-holders in cash
10. Dividends applied to pay renewal premiums 11. Dividends applied to purchase paid-up additions and
annui.t.i.es

982,693 63 7,559 61
^tm m 19-.692 bu
3,126 38
87,>864 00 '*
188,336 09
55,;432 00

12. Total paid policy-holders 13. Paid for claims on supplementary con-
tracts not involving life contingencies . 15. Commissions and bonuses to agents (less
commission on reinsurance), first year's premiums, $193,631.27; renewal premiums, $141,268.14; on annuities (original), $381.56 16. Commuted renewal commissions
17. Salaries and allowances for agencies, including managers, agents and clerks . .
18 Agency supervision, traveling and all other agency expenses
19. Medical examiners' fees, $34,759.10; inspection of risks, $4,607.83
20. Salaries and all other compensation of officers and home office employees . . .
21. Rent, including $8,000.00 for company's own occupancy

* 1,524,757 08 6,473 67
335.280 97 6,192 11 43,211 94 iu,io* -- 39,366 93 84,384 21 28,423 3S

COMPTROLLER-GENERAL'S REPORT.

291

22. Advertising, $16,345.97; printing and sta-

tionery, $22,015.10; postage, $12,114.76. .$

23. Legal expenses

24. Furniture, fixtures and safes

25. Insurance, taxes, licenses and department

fees

v

26. Taxes on real estate

27. Repairs and expenses (other than taxes) on

real estate

28. Loss on sale or maturity of ledger assets

(including sums charged off from cost of

real estate)

29. All other disbursements: Exchange, $166.16;

miscellaneous expenses, $14,127.96. . . .

Agents'ledger balances charged off. . . .

30. Total disbursements

50,475 83 2,021 09 3,134 00
73,254 58 14,176 68
12,545 70
26,998 33
14,294 12 6,797 23
$ 2,287,922 07

IV.--LEDGER ASSETS.

1. Book value of real estate

$ 777,882 01

2. Mortgage loans on real estate

8,977,510 17

4. Loans made to policy-holders on this company's policies

assigned as collateral

706,877 00

5. Premium notes on policies in force

250,988 55

6. Book value bonds (excluding interest), $3,636,022.73;

stocks, $343,795.00

..

3,979,817 73

7. Deposited in trust companies and banks on interest:

American National Bank of Hartford, $350,655.20;

Fidelity Company of Hartford, $10,000.00; Atlantic

Trust Company of New York, $48,002.50

408,657 70

8. Cash in company's office

516 81

10. Total ledger assets

$15,102,249 97

NON-LEDGEB ASSETS.

11. Interest due, $11,701.58, and accrued, $166,-

095.00 on mortgages

$

14. Interest due, $3,762.67, and accrued, $ ,

on premium notes, policy loans or liens.

177,796 58 3,762 67

17. Total interest and rents due and accrued . . 19. Market value of bonds and stocks over book value

New Business.

21. Gross premiums due and un

reported on policies in force

December 31, 1902. .... $ 54,658 37

22. Gross deferred premiums on

policies in force December

31, 1902

28,016 98

Renewals.
$ 86,967 43 154,582 01

5.3. Totals

$ 82,675 35 $ 241,549 44

181,559 25 164,290 87

292

COMPTROLLER-GENERAL'S REPORT.

24. Deducting loading, 20 per
cent, on "renewals," and 30 per cent, on " new " . .

24,802 60

48,309 88

25. Net amount of uncollected and deferred premiums. . $ 57,872 75 $ 193,239 56

Extended

251'113 31

27. Gross assets

$15,699,212 40

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, as computed by the com-

pany on the actuaries' table of mortality,

with four per cent, interest

$ 14,335,340 00

Same for reversionary additions .... 373,254 00

Same for annuities (including those in

reduction of premiums)

_ 89,339 00

Total

$ 14,797,933 00

Deduct net value of risks of this com-

pany reinsured in other solvent com-

panfes

66,970 00

Net reserve

.* 14-730-963 00

2. Present value of amounts not yet due on supplementary

contracts, not involving li/e contingencies, computed

by the company, with three and one-half per cent, int. erest

37,905 00

5. Claims for death losses in process of ad-

justment or adjusted and not due . .

16,500 00

6. Claims for death losses which have been reported and no proofs received ....

23,082 00

10. Total policy claims 12 Premiums paid in advance, including surrender values
so appl,i.edK 20 Dividends apportioned, payable to policy-holders dur-
ing 1ln9f0l,3 22. Other liabilities: Special policy reserve
24. Unassigned funds (surplus)

39-582 00
15,467 00
10,'414 00 159,732 00 705,149 40

25. Total liabilities

$15,699,212 40

Business in Georgia during 1902.

No.

Policies on the lives of citizens of said State in force

December 31 of previous year

S08

Policies on the lives of citizens of said State issued

duringtheyear

__*

Total

1,056

Deduct ceased to be in force during the year . . 219

Amount.
$1,652,228 00
367-739 $ 2,019,967 00
305,016 ou

Policies in force December 31, 1902

837

1,714,95100

COMPTROLLER-GENERAL'S REPORT.

293

No.
Losses and claims unpaid December 31 of previous
year
Losses and claims incurred during the year ....

Amount.
2,000 00 8,050 00

Total

10,050 00

Losses and claims settled during the year in cash . Losses and claims unpaid December 31, 1902 . . .

7,050 00 3,000 00

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 $

56,148 03

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., Atlanta, Attorneys for Service in Georgia.

I.--CAPITAL STOCK.

I. Amountof capital stock paid

upincash

$ 100,000 00

Amount of net or ledger assets December

31 of previous year

$ 4,406,068 95

Extended at

$ 4,406,068 95

II.-- IXCOME DURING THE YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

S 681,641 62

1J. Cash received for renewal premiums, with-

out deductions for commissions orother

expenses

2,747,218 11

2. Premium notes, loans, or liens taken in

part payment for premiums on new

policies 2. Premium notes, loans, or liens taken in

4,856 90

part payment for renewal premiums ... 79,802 84

3. From dividends applied to pay running

premiums

112,609 13

4J. From surrender values applied to purchase

paid-up insurance and annuities

26,237 92

Total

$ 3,652,390 32

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $780.06 ; re-

newals, $6,865.31

7,645 37

7. Total premium income

$ 3,644,750 95

294

COMPTROLLER-GENERAL'S REPORT.

Cash received for interest on mortgage loans

$

Cash received for interest on bonds owned, and dividends

on stock 10. Cash received for interest on premium notes, loans, or
liens 11. Cash received for interest on other debts due the company 13. Cash received for rents for use of company's property. . 14. Cash received for profits on sales of bonds or stocks,
$13,329.19 ; real estate, $103,364.36
17. Premium notes, loans, or liens restored by revival of

policies 19. From all other sources, viz.: Sale and maturity of led-
ger assets, $32,839.73; deposits by tenants as surety for

rent, $562.99

_

30,125 9630,431 37 86,169 64 14,986 77 153,277 02 116,693 55
576 09
33,403 72

Total income

* 4,110,415 07

III.--DISBURSEMENTS DURING THE YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 1,-69, 65

2. Premium notes, loans, or liens used in payment of the same

1,003 95

3. Cash paid for matured endowments, and additions thereto

1,071 26

5. Cash paid for sums falling due during the year on installment policies

1,250 00

Total

$ 1,273,212 86

Deduct amount received from other com-

panies for losses or claims on policies of

this company reinsured of which $

is for matured endowments

7,500 00

Total net amount actually paid for losses and matured

endowments

?

8. Cash paid to annuitants

9. Premium notes, loans, or liens used in purchase of

surrendered policies, $21,854.95; voided by lapse,

$11,387.77
10. Cash dividends paid policy-holders 11. Cash dividends applied to pay running premiums 14. Surrender values paid in cash 15. Surrender values applied to purchase paid-up insurance
and annuities

1,265,712 8(J 10,307 40
33,242 72 16,594 82 112,609 13 147,408 90
26,237 92

Total paid policy-holders

16. Cash paid stockholders for interest or

dividends

$

17. Cash paid for commissions and bonuses to agents (less commission on reinsurance),

new policies, $364,480.73; renewals, $152,-

275 1-

$ 1,612,113 75 6,974 80
516,755 90

COMPTROLLER-GENERAL'S REPORT.

295

18. Cash paid for salaries and allowances to

managers and agents

$

19. Cash paid for medical examiners' fees,

$55,065.39; inspection of risks, $14,527.64.

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums,

$9,535.40; on renewals, $39,262.91

22. Cash paid for taxes on investments, real

estate

23. Cash paid for insurance department fees

and agents' licenses, $4,635.76 ; municipal

licenses, $6,525.40

24. Cash paid for rent, less $731.63 received

under sub-lease

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $25,506.13 ; print-

ing, $22,524.21

28. Cash paid for real estate expenses, other

than taxes, $83,911.74; for legal expenses,

$37,844.61

29. Cash paid for the following items, viz.:

Traveling expenses for all officers, agents,

inspectors, postage, exchange, and all

other miscellaneous expenses

135,008 13 69,593 03
235,150 35 48,798 31 27,551 44
31,161 16 57,818 77 11,056 97 48,030 34
121,756 35
66,383 06

Total miscellaneous expenses

$ 1,356,038 61

30. Total disbursements

$ 2,968,152 36

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Book value of real estate, exclusive of all incumbrances$ 1,566,773 87

2. Loans on mortgage (first liens) on real estate

524,600 00

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

5,000 00

Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,853,648 65

Premium notes, loans, or liens on policies in force, of

which $2,739.56 was received during the year

181,579 31

Book value of bonds and stocks owned, excluding accrued

interest at time of purchase

660,298 51

7. Cash in company's office

31,115 98

8. Cash deposited in banks

469,016 29

i). Bills receivable

1,194 11

10. Agents' ledger balances

215,104 94

Loans at interest to agents within the value of their

contracts and secured by surety bonds

40,000 00

11. Total net or ledger assets

$ 5,548,331 66

296

COMPTROLLER-GENERAL'S REPORT.

OTHER ASSETS.

14. Interest due, $575.40; and accrued, $4,-

986.41 on mortgages

$

15. Interest due, $480.00 and accrued, $9,452.50 on bonds and stocks

16. Interest due, $

; and accrued, on col-

lateral loans

17. Interest due, $3,773.55; and accrued, $40,143.40 on premium notes, loans, or liens.

19. Rents due, $

; and accrued, on com-

pany's property or lease.

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, 1902

$ 178,345 00 $

24. Gross deferred premiums on policies in force December
31, 1902

38,982 00

5,561 81 9,932 50
47 92 43,916 95
5,497 04 .$
Renewals.
181,697 00
220,110 00

Totals

$ 217,327 00 $ 401,807 00

25. Deduct loading 224 per cent, on "new," and 22} percent,
on "renewals,"

48,898 00

90,407 00

64,956 22
146,226 13 48,595 13

26. Net amount of uncollected and deferred premiums... $ 168,429 00 $ 311,400 00

Extended 28. Total assets, as per the books of the company

*_ 479,829 00 $ 6,287,938 14

ITEMS NOT ADMITTED.

5. Agents' balances Bills receivable

? 215,104 94 1i194 n

Total Total assets, less items not admitted

$ 216,299 05 $ 6,071,639 09

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31stday of Decem-

ber, 1902, computed according to the

actuaries' table of mortality with 4 per

cent, interest, and American tables with

3X per cent interest

$

Deduct net value of risks of this company

reinsured in other solvent companies

5,117,910 00 6.652 00

Net reinsurance reserve

$ 5,111,258 00

COMPTROLLER-GENERAL'S REPORT.

297

2. Premium notes or loans on policies and

other obligations in excess of the net

value of their policies

$

-5. Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due 6. Claims for death losses and other policy

claims resisted by the company 8. Present value of unpaid amounts on ma-

tured installment policies (face, $11,-

250.00)

59,101 00 123,500 00
43,049 00 7,471 00

Total policy claims

$

10. Amount of all unpaid dividends of surplus, or other de-

scription of profits due policy-holders

Surrender values not yet demanded, trust funds and ac-

crued interest

233,121 00 212 11
18,771 42

17. Liabilities on policy-holders' account 18.' Gross surplus on policy-holders' account

$ 5,363,362 53 708,276 56

19. Total liabilities

$ 6,071,639 09

Business in Georgia during 190%. No.

Number and amount of policies on the lives of

citizens of Georgia in force December 31 of

previous year

1,709

Number and amount of policies on the lives of

citizens of Georgia issued during the year 291

Amount.
$ 3,975,519 00 589,313 00

Total Deduct number and amount which have ceased to
be in force during the year

2,000 $ 4,564,832 00

391

813,089 00

Total number and amount of policies in force in Georgia December 31, 1902.... 1,609 $ 3,751,743 00

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year
Amount of losses and claims on policies in Georgia incurred during the year

No.

Amount.

2 $ 14,000 00

23

57,420 00

Total

~~25~

Amount of losses and claims on policies in Georgia

paid during the year

23

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: Cash,

$106,587.13; notes or credits, $9,305.44 ; total

$

71,42000 59,420 00
115,892 57

298

COMPTROLLER-GENERAL'S REPORT.

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, NEWARK, N. J.

JOHN F DRYDEN, President.

EDWARD GRAY, Secretary.

JAS. O. WYNN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up

in cash

$ 2,000,000 00

Amount of ledger assets (as per balance,)

December 31 of previous year

$ 45,801,569 90

Extended at

145,801,569 90-

II.--INCOME.

1. First year's premiums on original policies

without deduction for commissions or

other expenses, less $43,970.23 for first

year's reinsurance

$ 6,444,713 87

2. Surrender values applied to pay first year's

premiums

2,190 52

3. Total first year's premiums on original

policies

6,446,904 39

4. Dividends applied to purchase paid-up

additions and annuities

22,251 33

5. Surrender values applied to purchase

paid-upinsurance and annuities . . . 566,849 81

6. Consideration for original annuities in-

volving life contingencies

107,209 07

7. Consideration for supplementary con-

tracts involving life contingencies . . .

560 00

>

8. Total new premiums

$ 7,143,774 60'

9. Renewal premiums without deduction for

commissions or other expenses, less

158,557.77 for reinsurance on renewals . $ 23,960,135 SO

10. Dividends applied to pay renewal pre-

miums

| ...... .

31,908 08

11. Surrender values applied to pay renewal

premiums

1,199 64

12. Renewal premiums for deferred annuities

1,699 35

13. Total renewal premiums

23,994,942 87'

14. Total premium income

$ 31,138,717 47

15. Consideration for supplementary contracts not involv-

ing life contingencies

.

88,275 00-

17. Premium notes, loans or liens restored by revival of pol-

icies

.

11,336 43.

18. Interest on mortgage loans

$ 533,974 22

19. Interest on collateral loans

79,875 81

COMPTROLLER-GENERAL'S REPORT.

299-

20. Interest on bonds and dividends on stocks 21. Interest on premium notes, policy loans
or liens 22. Interest on other debts due the company
and on bank balances 24. Rent from company's property, including
$298,492.00 for company's own occupancy
25. Total interest and rents 26. Profit on sale or maturity of ledger assets 27. From other sources, conscience fund

919,628 05
55,777 15
59,009 59
644,148 82 $ 2,292,413 64 121,569 34 8 00

28. Total income

$ 33,652,319 88

III.--DISBURSEMENTS.

1. For death claims, $8,034,900.28; additions,

$61,812.89

$ 8,096,719 17

2. For matured endowments, $26,002.00; ad-

ditions $84.00

26,086 00

3. Net amount paid for losses and matured

endowments

$ 8,122,805 17

4. For annuities involving life contingencies 29,827 64

5. Premium notes, voided by lapse, $936.62 ; policy loans, voided by lapse, $30,704.89
6. Surrender values paid iu cash 7. Surrender values applied to pay new pre-
miums, $2,190 52; to pay renewal premiums, $1,199.64 8. Surrender values applied to purchase paid-up insurance and annuities . . . 9. Dividends paid policy-holders in cash . . 10. Dividends applied to pay renewal premiums 11. Dividends applied to purchase paid-up additions and annuities

31,641 51 121,041 31
3,390 16 566,849 81 561,744 41 31,908 08
22,251 33

12. Total paid policy-holders

. . .$ 9,491,459 42

14. Paid stockholders for interest or dividends$ 200,000 00

15. Commissions and bonuses to agents (less

commission on reinsurance): first year's

premiums, $3,180,933.46; renewal pre-

miums, $3,038,141.74; on annuities (orig-

inal), $4,924.51; (renewal), $84.97 . . . 6,224,084 68

16. Commuting renewal commissions ....

14,430 67

17. Salaries and allowances for agencies, in-

cluding managers, agents and clerks . 2,684,757 64

18. Agency supervision, traveling, and all

other agency expenses

191,231 64

19. Medical examiners' fees, $498,549.10; in-

spection of risks, $6,621.11

505,170 21

20. Salaries and all other compensation of

officers and home office employees. . 1,125,953 95

300

COMPTROLLER-GENERAL'S REPORT.

21. Kent, including $298,492.00 for company's own occupancy, less $548.03 received under sub lease
22. Advertising, $152,051.40 ; printing and stationery, 1311,551.26; postage, express and exchange, $93,462.76
23. Legal expenses 24. Furniture, fixtures and safes 25. Insurance taxes, licenses and department
fees 26. Taxes on real estate 27. Repairs and expenses (other than taxes),
on real estate 28. Loss on sale or maturity of ledger assets 29. All other disbursements: Law library.
Appraising lees Sundry general expenses

544,348 51
557,065 42 24,097 96 256,241 62
482,543 73 157,216 02
255,338 92 44,858 49
402 85 212 75 101,979 72

30. Total disbursements

$22,861,394 20

IV.--LEDGER ASSETS.

1. Book value of real estate, unincumbered, $11,563,366.34 ;

iucumbered, $300,222.17 2. Mortgage loans on real estate (first liens)

$ 11,863,588 51 10,996,953 27

3. Loans secured by pledge of bonds, stocks or other col-

lateral

4,736,750 00

4. Loans made to policy-holders on this company's poli-

cies, assigned as collateral

887,222 20

5. Premium notes on policies in force, of which $

is for first year's premiums

*

6. Book value of bonds (excluding interest), $20,156,977.46 ;

179,694 63

stocks, $2,855,240.00

23,012,217 46

7. Deposited in trust companies and banks on interest . . 2,982,418 95

8. Cash in company's office, $189,459.34; deposited in

banks (not on interest), $1,744,191.22

1,933.650 56

10. Total ledger assets

$ 56,592,495 58

NON-LEDGER ASSETS.

11. Interest due, $27,874.89; and accrued, $172,-

266.62 on mortgages

$

12. Interest due and accrued on bonds and stocks
13. Interest due and accrued on collateral loans
14. Interest due and accrued on' premium notes, policy loans or liens
16. Rents due, $20,800.62; and accrued, $11,768.54, on company's property or lease..

200,14151 134,759 29 14,647 95
2,403 43 32,569 16

17, Total interest and rents due and accrued

$ 384,521 34

19. Market value of bonds and stocks over book value . . . 1,455,526 99

COMPTROLLER-GENERAL'S REPORT.

301

New Business.

Renewals.

21. Gross premiums due

and unreported on

policies in force De- ( Ind. $ 2,211 19 $ 67,460 88

cember 31, 1902 . . { Ord.

58,183 62

412,448 71

22. Gross deferred pre-

miums on policies in

force December 81,

1902

Ord. 457,833 15 1,293,984 41

23. Totals

Industrial. Ordinary.

2,211 19 516,016 77

67,460 88 706,433 12

24. Deduct loading., j ^'^X

1,105 59 103.203 35

33,730 44 341,286 62

25. Net amount of uncol-

lected and deferred ( Ind.$ 1,105 60

premiums.

( Ord. 412,813 42

33,730 44 1,365,146 50

26. All other assets, furniture, fixtures and safes

Stationery and printed matter

- Law library

$1,812,795 96
248,906 53 25,727 69
6,135 92

Oross assets

$ 60,526,110 01

DEDUCT ASSETS NOT ADMITTED.

29. Supplies, stationery, printed matter, $25,727.69; furniture, fixtures and safes, $248,906.53 ; law library, $6,135.92 . $
35. Total
36. Total admitted assets

280,770 14

280,770 14

$ 60,245,339 87

V.--LIABILITIES.

Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902, as computed by the company

according to the actuaries' table of

mortality, with four per cent, interest

on policies issued prior to January 1,

1901, and the American experience table

of mortality with three per cent, inter-

est on policies issued subsequent to

December 31, 1900

$ 46,255,954 00

Same for reversionary additions

66,890 00

Same for annuities (including those in

reduction of premiums) according to

the actuaries' table of mortality, with

four per cent, interest on annuities is-

sued prior to January 1,1901, and the

American experience table of mortality

with three and one-half per cent, in-

terest on annuities issued subsequent to

December 31, 1900

407,187 00

302

COMPTRQLLER-GENERAL'S REPORT.

Special reserve

3,213;389 00

Total

49,943,420 00

Deduct net value of risks of this company

reinsured in other solvent companies..

142,790 00

Net reserve 2. Present value of amounts not yet due on
supplementary contracts not involving life contingencies, computed by the assumption of interest rates as follows : On policies issued prior to 1901, four per cent.; on income policies, three and onehalf per cent.; on all other policies, three per cent Claims for death losses in process of adjustment or adjusted and not due . . . (>. Claims for death losses which have been reported and no proofs received .... 8. Claims for death losses and other policy claims resisted by the company ....

$49,800,630 00
88,688 41 71,572 72 163,710 52 20,601 04

Total policy claims

,

Premiums paid in advance, including surrender values

so applied

15. Salaries, rents, office expenses, taxes, bills, accounts,

bonuses, commissions, medical and legal fees, due or

accrued

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums

20. Dividends apportioned, payable to policy-holders dur-

ing 1903

22. Other liabilities, unearned interest on policy loans . .

23. Capital stock

24. Unassigned funds (surplus)

255,884 28 180,811 90
116,400 73
39,368 11 215,072 98 27,078 13 2,000,000 00 7,521,405 33

25, Total liabilities

$ 60,245,339 87

THE RELIANCE LIFE INSURANCE COMPANY, PITTSBURGH, PA.

JAMES H. REED, President.

LEE C. ROBENS, Secretary.

Principal Office Farmers' Bank Building, Pittsburgh, Pa.

WM. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$1,000,000 00

Extended at

$ 1,000,000 00

COMPTROLLER-GENERAL'S REPORT.

303

II.--INCOME DURING YEAR.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses, less $98.67 for first

year's reinsurance

$

3,136 64

7. Total premium income

$

19. From all other sources, viz.: Premium on

capital stock

$ 1,000,000 00

3,136 64

Total income.

$ 1,003,136 64

III.--DISBURSEMENTS DURING YEAR.

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance)

new polices

$ 1,016 84

18. Cash paid for salaries and allowances to managers and agents
19. Cash paid for medical examiners' fees,

325 00

$833.32 ; inspection of risks, $416.66 . .

1,249 98

20. Cash paid for salaries and all other compensation of officers and other home

office employees

11,780 12

22. Cash paid for agency supervision, travel-

ing and all other agency expenses . . .

289 55

24. Cash paid for rent 25. Cash paid for commuting commissions .

37 50 6,109 84

26. Cash paid for furniture, fixtures and safes for home and agency offices

1,975 41

27. Cash paid for advertising, $2,267.75; print-

ing, $1,135.31; postage, $400.00

3,803 06

29. Cash paid for the following items, viz.: Accrued interest on bonds

776 33

Ins. books, journals, etc., $104.19; gen-

eral expenses, $1,456.18

1,560 37

30. Total disbursements

$ 28,924 00

IV.--ASSETS AS PER LEDGER ACCOUNTS.

6. Book value of bonds and stocks owned, excluding accrued interest at time of purchase.
8. Cash deposited in banks : Farmers' Deposit National Bank
9. Bills receivable

104,343 20
1,869,419 44 450 00

13. Total net or ledger assets

$ 1,974,212 61

OTHER ASSETS.

15. Interest due, $ ; and accrued on bonds

and stocks

$

907 83

Total carried out

$

907 83

304

COMPTROLLER-GENERAL'S REPORT.

New Busine.-s. 23. Gross premiums due and unreported on

policies in force June 30, 1903

$ 1,035 63

24. Gross deferred premiums on policies in

force June 30, 1903

205 76

Total

$

25. Deducting loading on "new" and "renew-

als"

26. Net amount of uncollected and deferred

premiums

$

Extended

1,241 29
341 35
899 94 $

899 94

28. Total assets, as per the books of the company

$ 1,976,020 41

ITEMS NOT ADMITTED.

7. Bills receivable

$

Total

9. Total assets, less items not admitted

450 00

$

450 00-

$ 1,975,570 41

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 30th day of June,

1903, computed according to the Amer.

Exp. table of mortality, with three per

cent, interest

$

Deduct net value of risks of this company

reinsured in other solvent companies. .

3,578 00 79 00

Net reinsurance reserve

$

12. "Cost of collection," oil uncollected and deferred pre-

miums

3,499 00 280 30

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders'account

$ 3,779 30 1,971,791 11

19. Total liabilities

$ 1,975,570 41

ROYAL UNION MUTUAL LIFE INSURANCE COMPANY OF IOWA.

FRANK D. JACKSON, President.

SIDNEY A. FOSTER, Secretary.

Principal Office, Sixth and Locust Streets, Des Moines, Iowa.

JAS. G. WEST, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$

Extended at

692,327 97 $

692,327 97

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$

88,008 55

COMPTROLLER-GENERAL'S REPORT.

305

H. Cash received for renewal premiums,

without deductions for commissions or

other expenses

$

:2. Premium notes, loans, or liens taken in

part payment for premiums on new pol-

icies.'. .'

,

2J. Premium notes, loans or liens taken in part payment for renewal premiums

.3. From dividends applied to pay running

premiums

-3J From dividends applied to purchase paid-

up additions and annuities

From surrender values applied to pur-

chase paid-up insurance and annuities.

222,645 02
15,026 97 46,415 87 3,422 78
73 71 1,532 00

Total

$

Daduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $2,325.00;

renewals, $5,594.39 ; total

$

377,124 90 7,919 39

Total premium income

$

Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned, and dividends on stock

10. Cash received for interest on premium notes, loans or

liens
12. Cash received as discount on claims paid in advance, $ ; interest on deferred premiums

15. Ledger assets, other than premiums, received from other companies for assuming or reinsuring their risks

17. Premium notes, loans, or liens restored by revival of

policies

19. From all other sources, viz.: Internal revenue taxes (sold

stamps)



_

Total income

%

III.--DISBURSEMENTS DURING YEAR 1902.

Cash paid for death claims, including re-

visionary additions

$

Premium notes, loans, or liens used in the

payment of same

Cash paid for sums falling due during the

year on installment policies

7. Total net amount actually paid for losses

and matured endowments

9. Premium notes, loans, or liens used in .

purchase of surrender policies, $

;

voided by lapse

10. Cash dividends paid policy-holders

20 in

64,486 84 420 07 500 00
65,406 91
24,052 11 1,860 56

369,205 51 30,041 84 33 24
^,67494 2,171 78
605 70 2'50979
58 10
413,300 90

306

COMPTROLLER-GENERAL'S REPORT

11. Cash dividends applied to pay running

premiums

$

12. Cash dividends applied to purchase paid-

up additions and annuities

13. Surrender values paid in cash

15. Surrender values applied to purchase

paid-up insurance and annuities

Total paid policy-holders 16. Cash paid guarantee fund holders for
interest or dividends 17. Cash paid for commissions and bonuses to
agents (less commission on reinsurance), new policies, 79,751.21; renewals, $17,110.99; total

18. Cash paid for salaries and allowances to managers and agents
19. Cash paid for medical examiners' fees, $3,446.75 ; inspection of risks, $898.01.. .
20. Cash paid for salaries and all other compensation of officers and other home

office employees 21. Cash paid for taxes on new premiums,
$1,366.24; on renewals, $4,070.62; personal tax, $546.95 23. Cash paid for insurance department fees and agents' licenses 24. Cash paid for rent 25. Cash paid for commuting commissions... 26. Cash paid for furniture, fixtures and safes for home and agency offices

27. Cash paid for advertising, $1,223.01;

printing, $1,942.33

28. Cash paid for real estate expenses, other

than taxes, $

; for legal expenses. .

29. Cash paid for the foil wing items, viz.: Post-

age, $990.72; union life contract, $2,600 00;

attorney service, $199.55; collection ex-

penses, $485.72; express, $122.42; loan

expenses, $2,365.37 ; managerial expense,

$1,481.36; medical directors' fees, $1,-

736.00; office expenses, $546.25 ; subscrip-

tion to journals, $90.50; telegrapbing,

$75.76; telephones, $70.05; totel

Total miscellaneous expenses 30. Total disbursements

3,422 78 73 71
18,660 13 1,532 00 $ 115,008 20> 7,000 00
96,862 20 12,280 01 4,344 76
24,598 68
5,983 81 1,047 96 1,945 50 3,525 00
106 50 3,165 34
555 03

10,763 70 $

10,763 70* 287,18b 69

COMPTROLLER-GENERAL'S REPORT.

307

IV.--ASSETS AS PER LEDGER ACCOUNTS.

Loans on mortgage (first liens) on real estate

!

Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

Loans made in cash to policy-holders on this company's

policies assigned as collateral

Premium notes, loans, or liens on policies in force, of

which $27,119.79 was received during the year

Cash in company's office

Cash deposited in banks

9. Bills receivable 10. Agents' ledger balances

13. Total net or ledger assets

!

OTHER ASSETS.

14. Interest due, $727.36, and accrued, $10,-

244.89 on mortgages

$

16. Interest due and accrued on collateral loans

17. Interest due and accrued on premium notes

18. Interest due, $661.60, and accrued $3,-

404.06 on policy loans.

10,972 25 61 63
8,282 60
4,065 66

Total carried out.

New Business.

23. Gross premiums due andun-

reported on policies in force

December 31, 1902

$ 18,338 19$

Gross deferred premiums on

policies in force December

31,1902

1,229 37

Renewals. 8,683 85
15,497 41

Totals Deducting loading, 60 per cent,
on "new," and 7 per cent, on "renewals"

19,567 56 11,740 53

24,18126 1,6 '2 68

26. Net amount of uncollected and deferred premiums

7,827 03

22,488 58

Extended at

$

Furniture, fixtures, and safes, $3,645.16; commuted

commissions, $5,621.55

Total assets, as per the books of the company

ITEMS NOT ADMITTED.

Furniture, fixtures and safes.. Commuted commissions Agents' balances (unsecured).
Total
Total admitted assets.

3,645 16 5,621 55 3,516 96
.$

542,386 00 2,772 51
140,204 04 108,952 15
1,926 14 2,415 33 1,438 91 18,347 10 818,442 18
23,382 14
30,315 61 9,266 71
881,406 64
12,783 67 868,622 97

308

COMPTROLLER-GENERAL'S REPORT.

V . --LIABILITIES .

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest

$

Deduct net value of risks of this company

reinsured in other solvent companies. .

Net reinsurance reserve

2. Premium notes or loans on policies and

other obligations in excess of the net

value of their policies

$

3. Claims reported and no proofs received. .

5. Claims for death losses and matured en-

dowments in process of adj ustment or

adjusted and not due

7. Amounts due ajid unpaid on annuity

claims

8. Present value of unpaid amounts on ma-

tured installment policies (face $20,000.)

741,001 00 2,158 00 $
14,801 42 4,63100
10,000 00 500 00
14,596 00

Total policy claims 10. Amount of all unpaid dividends of surplus, or other
description of profits due policy-holders 13. Amount due on account of salaries, rents and office
expenses 16. Amount of any other liability of the company, viz.:
Premiums paid in advance Commissions payable to agents on premium notes when
paid

17. Liabilities on"policy-holders' account IS. Gross surplus on policy-holders' account. ...

19. Total liabilities

738,843 00
44,558 42 1,273 22 1,056 89
606 36 520 46 786,858 35 81,764 62 868,622 97

Business in Georgia during 1902.
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, 1902

No.
307 $ 88 % 395 100 295 $

Amount.
498,561 00 145,704 00 644,265 00 146,000 00 498,265 00

COMPTROLLER-GENERAL'S REPORT.

309

,

, '

.

Amount ot losses and claims on policies in Georgia

unpaid December 31 of previous year

Amount of losses and claims on policies in Georgia

incurred during the year

No.
1 $ 7

Ttal

8 $

Amount of losses and claims on policies in Georgia

paid during the year

* 7 $

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, cash,

$14,459.46 ; notes or credits, $1,255.59 ; total

$

*No proofs received as yet for tlie remaining loss of $1,010,

Amount.
1,000 00 9,000 00 10,000 00 8,000 00
15,715 05

SECURITY TRUST AND LIFE INSURANCE COMPANY, PHILADELPHIA, PA.

ROBERT E. PATTISON, President.

O. A. CBAINE, Secretary.

Principal Office, Broadway and 26th Street, New York City.

A. HAAS & SON, Atlanta, Attorney for Serviee in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

$ 500,000 00

Amount of capital in treasury

$ 18,500 00

Amount of net or ledger assets December

31 of previous year

. . . $ 1,587,116 68

Extended at

$1,587,116 68

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$

1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

131,765 76 663,147 64

7. Total premium income

$

8. Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned, and divi-

dends on stock, including deposit at Syracuse, N. Y. .

10. Cash received for interest on premium notes, loans or

lienf 11. Cash received for interest on other debts due the com-

pany, and on deposits in banks

13. Cash received for rents for use of company's property,

including $18,000.00 for company's own occupancy . .

794 913 40 6,177 18 6,746 25
1,326 77 8,026 05 200,028 67

310

COMPTROLLER-GENERAL'S REPORT.

19. From all other sources, viz.: Consideration for supplementary contracts not involving life contingencies . . $

7,dpu w

mTot. al. i. ncome

$T 1',024,568 32

in--DISBURSEMENTS DURING YEAR 1902.

Cash paid for sums falling due during the

year on installment policies, health and

death benefit claims

$

398,073 47

Total net amount actually paid for losses and matured

endowments

. . . ip

13. Surrender values paid in cash, $ rendered reinsurances

; received on sur. .

oyb,u/o 41
24,!635 9o

Total paid policy-holders

**8i 44.-99'''7w 09 42

16. Paid for claims on supplementary contracts not involving life contingencies .

2,435 00

17. Cash paid for commissions and bonuses to agents (less commission on reinsur-

ance): New policies, $90,916.43; renewals,

$38,409.92; bonuses, $267.50

130.785 11

18. Cash paid for salaries and allowances to managers and agents

3,390 51

19. Cash paid for medical examiners' fees, $10,149.00; inspection of risks, $5,321.50.

15,470 50

20. Cash paid for salaries and all other compensation of officers and other home

office employees

50,048 81

21. Cash paid for taxes on new premiums and renewals, on franchise, on reserves,

municipal licenses

15,108 15

22. Cash paid for taxes on real estate ....
23. Cash paid for insurance department fees and agents'licenses

35,478 45 4,4.4 30

24. Cash paid for rent, including $18,000.00 company's occupancy

20,205 12

25. Cash paid for commuting commissions . 26, Cash paid for furniture, fixtures and safes
for home and agency offices, $356.75;

3,046 50

expressage, $314.75; legal expenses, $10,293.44

10,964 94

Cash paid for advertising, $5,375.85;

printing, $6,774.41; postage, $1,755.49 . .

13,905 75

28. Cash paid for real estate expenses, other than taxes and betterments

44,343 86

29. Cash paid for the following items, viz.:

Expense

9.248 02

Profit and loss disbursements

8,445 48

Premiums returned, $1,072.19; interest,

$75,225.00

_ TM>TM 19

30 Total disbursements

* 866,357 17

-'"-aMM

COMPTROLLER-GENERAL'S REPORT.

311

IV.--ASSETS AS PER LEDGER ACCOUNTS.

Cost value of real estate, exclusive of all incumbrances. $ 1,147,500 00

Loans on mortgage (first liens) on real estate

119,300 00

Loans secured by pledge of bonds, stocks or other mar-

ketable collaterals

250 00

Loans made in cash to policy-holders on this company's

policies assigned as collateral

53,944 40

Premium notes, loans or liens on policies in force,

certificate of adv., $41,061.76; premium notes, $15,-

420.99

56,482 75

Cost value of bonds and stocks owned,excluding accrued

interest at time of purchase

222,775 00

Cash in company's office, $626.18; deposited in bank,

State Bank of Syracuse, N. Y., $5,071.92; Corn Ex-

change Bank of Philadelphia, $66,838.07; Second

National Bank of New York, $35.71; City Trust and

S. D. Co., $250 00; F. C. Grable contract, 82,123.14; sus-

pense account, $120.50; Chestnut Street National Bank,

$3,160.47

5,404 11

10. Agents' ledger balances, $45,422.29; bills receivable,

$2,927.40

48,349 69

Company's stock owned

18,500 00

11. Total net or ledger assets

$ 1,745,327 83

OTHER ASSETS.

14. Interest due, $1,200.00, and accrued, $1,-

875.23, on mortgages

$

15. Interest due, $1,750.00, and accrued, $50.72

on bonds and stocks

16. Interest due and accrued on collateral

loans

17. Interest due, $ , and accrued on pre-

miumnotes, loansorliens$431.48; certifi-

cates of advance $4,800

18. Interest due and accrued on other assets

(paid since December 31, 1902)

19. Rents due, $1,087.42, and accrued, $

on company's property or lease ....

3,075 23 1,800 72
6 15
5,231 48 5,274 65 1,087 42

Total carried out

20. Market value of real estate over cost

21. Market value of bonds and stocks over cost

New Business. Renewals. 28. Gross premiums due and

ur. reported on policies in

force December 31, 1902 .. $

$ 12,154 36

24. Gross deferred premiums on policies in force December 31, 1902

12,751 17

80,147 01

16,475 65 247,500 00
7,686 00

Totals

$ 12,751 17

92,301 37

312

COMPTROLLER-GENERAL'S REPORT.

25. Deduct loading, 15 per cent,

on "new," and 15 per cent,

on "renewals" . .

$

1,912 68 $ 13,845 20

26. Net amount of uncollected apd deferred premiums . . $ 1.0,838 49 $ 78,456 17

Extended at

3 89,294 66

28. Total assets, as per the books of the company

$ 2,106,284 14

ITEMS NOT ADMITTED.

1. Company's stock owned

$

7. Bills receivable . . . .

10. Suspense account, $120.5*0; F. C. Grable

contract, $2,123.14

Total Total assets, less items not admitted

18,500 00 2,927 40
2,243 64 23,671 04
$ 2,082.613 10>

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with three

per cent, interest Reserve on health policies

$ 1,388,799 00 112 50

Net reinsurance reserve
5. Claims for death losses and matured endowments in process of adjustment or adj usted and not due
6J. Death losses which have been reported and no proofs received
Claims for death losses and other policy claims resisted by the company ....

$ 1,388,911 50-
51,096 79 7,799 64 17,000 00

Present value of unpaid amounts on matured installment policies Total policy claims
13. Amount due on account of salaries, rents and office expenses, taxes, bills, bonuses, commissions, medical and legal fees, etc., due or accrued Commissions due to agents on premium notes, when paid, $925.25; accrued interest, $14,291.67; special fund to meet contingent liabilities, $72,219.71

25,230 00 75,896 43
785 47
87,436 63

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account 19. Total liabilities

1,578,260 03 504,353 07
$ 2,082,613 10-

COMPTROLLER-GENERAL'S REPORT,

313

Business in Georgia during 1903.

No.

Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

vious year

22o

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year .... 90

Total

315

Deduct number and amount which have ceased to

be in force during the year

69

Total number and amount of policies in force in Georgia December 31, 1902 ... 246

398,087 00 119,561 00 517,648 00 112,674 00
I 404,974 00

No.

Amount of losses and claims on policies in Georgia

incurred daring the year

4

Total

4_

Amount of losses and claims on policies in Georgia

paid during the year

4

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: Cash

Amount.
8,484 00' 8,484 00 8,484 00'
17,593 96-

SECURITY MUTUAL LIFE INSURANCE COMPANY, NEW YORK, N. Y.

CHAS. M. TURNER, President.

CHAS. A. LADUE, Registrar.

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of ledger assets (as per balance),

December 31 of previous year

.$ 1,165,405 24

Extended at

$ 1-165,405 2*

II.--INCOME.

1. First year's premiums on original policies

without deduction for commissions or

other expenses

$

3 Total first year's premiums on original

policies

'

$

8. Total new premiums

$

9. Renewal premiums without deduction for

commissions or other expenses

285,364 62
285,364 62 285,364 62 725,092 13

314

COMPTROLLER-GENERAL'S REPORT.

.10. Dividends applied to pay renewal premiums $ 1,89196

13. Total renewal premiums

$ 726,984 09

14. Total premium income

$

15. Consideration for supplementary contracts not involving

life contingencies

18. Interest on mortgage loans

$ 14,983 22

19. Interest on collateral loans

1,157 69

20. Interest on bonds and dividends on stocks.

14,702 59

21. Interest on premium notes, policy loans or

liens

3,950 66

22. Interest on other debts due the company. .

2,r>54 89

23. Discount on claims paid in advance

85 99

24. Rent from company's property

866 36

1,012,348 71 24,770 78

25. Total interest and rents

,

27. From other sources: Registration fees, $2,663.00; ex-

change, $1,613.05

28. Total income

$

37,801 40
4,276 05 1,079,196 94

III.--DISBURSEMENTS.

1. For death claims, $352,608.03; additions,

$S60.87

$

3. Net amount paid for losses and matured endowments
5. Premium notes voided by lapse 6. Surrender values paid in cash 10. Dividends applied to pay renewal premiums

12. Total paid policy-holders

,

13. Paid for claims on suplementary contracts

not involving life contingencies

$

15. Commissions and bonuses to agents (less

commission on reinsurance), first year's

premiums, 1212,589.01: renewal pre-

miums, $69,588.56

17. Salaries and allowances for agencies, in-

cluding managers, agents and clerks. ...

18. Agency supervision, traveling, and all other

agency expenses

19. Medical examiners' fees, $30,864.50; inspec-

tion of risks, $7,525.85

20. Salaries and all other compensation of offi-

cers and home office employees

21. Rent

22. Advertising, $5,483.29; printing and station-

ery, $7,842.30; postage, $4,773.07

2.!. Legal expenses

24. Furniture, fixtures and safes

353.46S 90 $
$ 2,533 32
282,177 57 23,595 02 12,351 86 38,390 35 41,254 50 13,300 10 18.09S 66
1,455 27 6,638 00

353,468 90 3,571 17
11,000 20 1,891 96
369,932 23

MHMW

COMPTROLLER-GENERAL'S REPORT.

315

25. Insurance taxes, licenses and department

fees

$

26. Taxes on real estate

27. Repairs and expenses (other than taxes) on

real estate

29. All other disbursements: General office

expenses, $13,368.81; collection fees, $20,-

840.40; exchange, $1,271.58 ; investigation

claims, $4,541.08; accrued interest paid,

$550 60; agents' balance accounts charged

off, $38,860.70

.30. Total disbursements

17,386 11 280 74 577 20
79,433 17 $ 907,404 10

IV.--LEDGER ASSETS.

1. Book value of real estate unincumbered

$

2. Mortgage loans on real estate, first liens 3. Loans secured by pledge of bonds, stocks or other col-

lateral

4. Loans made to policy-holders on this company's policies

assigned as collateral 5. Premium notes on policies in force, first year's premiums 6. Book value of bonds (excluding interest)

7. Deposited in trust companies and banks on interest

8. Cash in company's office, $3,899.14; deposited in banks (not on interest), $3,500.00 ; cash in company's office for

deposit, $1,000.00

9. Agent's balances

48,706 45 349,100 00
23,749 30
132,702 73 9,263 67
482,606 00 142,259 03
8,399 14 140,411 76

10. Total ledger assets

$ 1,337,198 08

NOX-LEDGER ASSETS.

11. Interest due, $330.00 and accrued, $5,829.56

on mortgages

$

12 Interest due, $ , and accrued, on bonds

and stocks

13. Interest due, $ , and accrued, on collat-

eral loans

14. Interest due, $ , and accrued, on pre-

mium notes, policy loans or liens

6,159 56 3,536 25
189 54 4,488 49

17. Total interest and rents due and accrued

:

18. Market value of real estate over book value

New Business. 21. Gross premiums due and un

reported on policies in force

December 31, 1902. ... $ 3,593 00 $

22. Gross deferred premiums on

policies in force December 31, 1902

16,375 00

Renewals. 57,403 00 26,801 00

23. Totals

19,968 00 $ 84,204 00

14,373 84 3,093 55

316

COMPTROLLER-GENERAL'S REPORT.

24. Deduct loading 75 and 12> percent
25. Net amount of uncollected and deferred premiums. . .$
Extended.
27. Gross assets

14,970 00 4,992 00 $

10,525 50
73,678 50 $ 78,670 50' $ 1,433,335 97

DEDUCT ASSETS NOT ADMITTED.

30. Agents' debit balances

$

33. Premium notes or loans on policies and net

premiums in item 25 in excess of the net

value of their policies

34. Book value of ledger assets over market

value

140,411 76
77,658 88 7,877 25

35. Total

$ 225,947 89'

36. Total admitted assets

$ 1,207,388 08-

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, as computed by the New

York Insurance Department on the Com-

bined and American tables of mortality,

with four, three and one-half and three

per cent, interest

$

534,596 00

Total

$ 534,596 00-

Net reserve

$

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed by

the company

6. Claims for death losses which have been

reported and no proofs received

29,500 00

8. Claims for death losses and other policy

claims resisted by the company

1,000 00

534,596 00 58,347 47

10. Total policy claims

$

15. Salaries, rents, office expenses, taxes, bills, accounts,

bonuses, commissions, medical and legal fees, due or

accrued

24. Unassigned funds (surplus)

30,500 00
15,089 65568,854 96

25. Total liabilities

$ 1,207,388 08.

COMPTROLLER-GENERAL'S REPORT.

317

Business in Georgia during 1902.

No.

Policies on the lives of citizens of said State in

force December 31 of previous year

1401

Policies on the lives of citizens of said State issued

during the year

331

Amount. 2,579,225 00
462,076 80

Total Deduct ceased to be in force during the year.

1732 $ 3,041,301 80

284

457 232 80

Policies in force December 31
Losses and claims unpaid December 31 of previous year
Losses and claims incurred during the year

1448 $ 2,584,069 00

No.

Amount.

1

2,000 00

17

40,290 80

Total Losses and claims settled during the year, in cash.

18 $ 18

42,290 80 38,190 80

Losses and claims unpaid December 31

4,100 00

Premiums co'lected or secured in cash and notes or credits

without any deduction for losses, dividends, commis-

sions, or other expenses

$

63,584 68

THE SOUTH ATLANTIC LIFE INSURANCE COMPANY, RICHMOND, VA.

B. B. MUNFORD, President.

Louis T. DOBIE, Secretary.

H. N. RANDOLPH, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 198,800 00

2. Amount of capital subscribed,

but unpaid

1,200 00

Amount of net or ledger assets December

31 of previous year

$

Collected account of capital during 1902..

Extended at

248,997 14 3,490 00
$

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$

1J, ("ash received for renewal premiums,

without deductions for commissions or

other expenses

32,260 18 41,185 97

252,487 14

318

COMPTROLLER-GEXERAL'S REPORT.

2. Premium notes, loans, or liens taken in

part payment for premiums on new

policies

$

2 Premium notes, loans, or liens taken in

part payment for renewal premiums. .

Total

$

6. Deduct amount of premiums paid to other companies for reinsurance on policies in tbis company, new business, 3816.13 ; renewals, $1,831.30

7. Total premium income

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

Total income

10,694 60 1,172 20 85,212 95
2,6-17 43 $
3,820 72 89 27
7,481 19

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visiouary additions

$

11,969 63

7, Total net amount actually paid for losses

and matured endowments

$

17. Cash paid for commissions and bonuses

to agents (less commission on reinsur-

ance), new policies, $19,071.58; renewals,

$2,778.41

18. Cash paid for salaries and allowances to

managers and agents

19. ('ash paid for medical examiners' fees.

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums,

22. Cash paid for taxes on investments . . .

23. Cash paid for insurauce department fees

and (agents' licenses, $412.90 ; munici-

pal licenses, $737.04 . .

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $1,383.23; print-

ing, $2,489.84

28. Cash paid for real estate expenses, other

than taxes $

; for legal expenses .

11,969 63
21,849 99 4,067 55 4,700 50
15,354 53 646 45 262 26
1.149 94 2,583 32
306 37 3,873 07
329 60

82,565 52 93,956 70

:

COMPTROLLER-GENERAL'S REPORT.

29. Cash paid for the following items, viz. :

Traveling expenses, $3,266.37: postage,

$1,423.69; expense, $2,083.63; internal

revenue tax, $30.25; profit and loss,

162.89

$

6,846 83

Total miscellaneous expenses

30.

Total disbursements

IV.--ASSETS AS PER LEDGER ACCOUNTS.

Loans on mortgage (first liens) on real

estate

$

Loans secured by pledge of bonds, stocks,

or other marketable collaterals

Premium notes, loans, or liens on policies

in force, of which $

was received

during the year

Cost value of bonds and stocks owned,

excluding accrued interest at time of

purchase

Cash in company's office

Cash deposited in banks

Bills receivable

10. Agents'ledger balances, of which $7,797.42

was advanced during the year

20 per cent, premium loans

11. Total net or ledger assets, as per balance

above

3,845 50 65,550 00
11,766 80
148,173 08 3,365 82
19,344 40 2,830 74
17,440 95 186 51
272,503 80

13. Total net or ledger assets.

OTHER ASSETS.

15. Interest due and accrued on bonds and

stocks

$

18. Interest due and accrued on other assets.

919 50 34 82

Total carried out

$

21. Market value of bonds and stocks over cost

23. Gross premiums due and

New Business. Renewals.

unreported on policies in

force December 31,1902. .$

2,547 48 $ 3,32195

24. Gross deferred premiums on

policies in force December 31, 1902

564 71

2,591 69

Totals

$

25. Deduct loading, 50 per cent.

on "new," and 10 per cent.

on "renewals"

26. Net amount of uncollected

and deferred premiums.... $

3,112 19 $
1,556 09 1,556 10

5,913 64
591 3 3 5.322 28

Extended.

319 6,846 8S 73,940 04
>72,503 80 954 32
7,949 92.
6,878 38-

320

COMPTROLLER-GENERAL'S REPORT.

27. Furniture, fixtures and safes Printing and statiouery (book value $3,045.91) 3,000 ; balance due account stock, $1,500

1,883 90 4,500 00

23. Total assets, as per the books of the company

$

ITEMS NOT ADMITTED.

1. Company's stock owned, $ ; loans on.

2. Furniture, fixtures and safes

5. Agents' balances

Bills receivable



Supplies, priuted matter and stationery..

1,500 00 1,883 90 17,440 95 2,830 74 3,000 00

294,670 32

Total

$ 26,655 59

Total assets, less items not admitted

$ 268,014 73

V.--LIABILITIES.

Net present value of all the outstanding

policies in force ou the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with four

per cent, interest, and the American

table, with three and one-half per cent.

interest after January 1, 1902

$

Deduct net value of risks of this company

reinsured in other solvent companies.

51,180 00 3,298 00

Net reinsurance reserve

$

16. Amount of any other liabilty of the company, viz: Pre-

miums paid in advance

17. Liabilities on policy-holders' account

I $

18. Gross surplus ou policy-holders' account

19.

Total liabilities

$

Business in Georgia During 1902.

No.

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year

90 f

Total.

90 $

Deduct number and amount which have ceased to

be in force during the year

23

Total number and amount of policies in

force in Georgia December 31, 1902

67 $

No.

Amount of losses and claims on policies in Georgia

incurred during the year

1

Total

Amount of losses and claims on policies in Georgia

paid during the year

1

47,882 00
1,946 97 49,828 97 218,185 76 268,014 73
Amount.
192,000 00 192,000 00 47,500 00
144,500 00
Amount.
5,000 00 5,000 00
5,000 00

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 :

Cash, $3,663.07; notes or credits, $516.86; total

$

4,179 93

COMPTROLLER-GENERAL'S REPORT.

321

SUN LIFE ASSURANCE COMPANY, MONTREAL, CANADA.

ROBERTSON MACATTLAY, President. THOMAS B. MACAULAY, Secretary Principal Office, 1766 Notre Dame Street, Montreal, Canada.

i.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 105,000 00

Amount of net or ledger assets December

31 of previous year

$ 11,166,102 22

Extended at

$11,166,102 22

II.--INCOME DURING YEAR 1902.

1 Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 457,751 24

14. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

2,079,475 00

2. Premium income combined accident pol-

icies

164 11

3. From dividends applied to pay running

premiums

10,792 91

3J. From dividends applied to purchase paid-

up additions and annuities

60,768 73

4. From surrender values applied to pay run-

ning premiums

840 41

4. Premium income thrift department

91,384 42

5. Consideration for annuities, other than

matured installment policies

232,912 65

Total

2,934,089 47

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company: New business, $

;

renewals

379 35

7. Total premium income

$ 2,933,710 12

Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned, and divi-

dends on stock

10. Cash received for interest on premium notes, loans or ,* --(j04r liens

11. Cash received for interest on other debts due the com-

pany

12. Cash received as discount on claims paid in advance.. J

13. Cash received for rents for use of company's property,

including $10,000 for company's own occupancy

29,078 70

14. Cash received for profits on sales of bonds or stocks

42,675 10

Total income

$ 3,561,509 34

322

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$

3. Cash paid for matured endowments and

additions thereto

5. Cash paid for sums falling due during the

year on installment policies

577,180 45 177,210 43
901 85

7. Total net amount actually paid for losses and matured

endowments

$

8. Cash paid to annuitants

9i Premium notes, loans or liens used in payment of divi-

dends to policy-holders

10. Cash dividends paid policy-holders

ii. Cash dividends applied to pay running premiums

12. Cash dividends applied to purchase paid-up additions

and annuities

13. Surrender values paid in cash

14. Surrender values applied to pay running premiums. ..

755,292 73 52,294 47
32 65 31,956 14 10,792 91
60,768 73 152,497 98
840 41

Total paid policy-holders

16. Cash paid stockholders for interest on

dividends

$

17. Cash paid for commissions and bonuses

to agents (less commission on reinsur-

ance), new policies, $303,475.20; renewals,

$128,639.58

18. Cash paid for salaries and allowances to managers and agents

19. Cash paid for medical examiners' fees, $34,968.09; inspection of risks, $2,000.00.

20. Cash paid for salaries and all other compensation of officers and other home

office employees

21. Cash paid for auditors' and directors' fees 22. Cash paid for thrift department expenses 23. Cash paid for insurance department fees,

and agents' licenses, insurance and mu-

nicipal licenses, etc

24 Cash paid for rent, including $10,000.00

for company's occupancy

25. Cash paid for agency supervision, traveling and all other agency expenses

26. Cash paid for furniture, fixtures and safes

for home and agency offices

Cash paid for advertising, $7,863.30;

printing, $16,414.74; sundries, $4,822.91

28. Cash paid for real estate expenses, other than taxes, deducted from rents for legal

expenses

$ 1,064,4'; 6 02 15,750 00
432,114 78 85,814 20 36,968 09
75.428 62 13,523 99 42,573 96
30,407 04 23,798 39 29,032 39
4,018 60 29,100 95
5,347 45

COMPTROLLER-GENERAL'S REPORT.

323

29. Cash paid for the following items, viz.: Profit and loss account
Accident department (claims, $135.00; expenses, $20.51)

397 56 155 51

Total miscellaneous expenses

s 824,431 53

30. Total disbursements

$ 1,888,907 55

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances.$ 1,197,150 41

2. Loans on mortgage (first liens) on real estate

2,965,117 37

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

170,095 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

861,966 42

4J. Policy loans under non-forfeiture agreements

220,476 82

5. Premium notes, loans, or liens on policies in force . .

1,225 24

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase 7. -Cash in company's office

7,134,083 25 24,520 19

8. Cash deposited in banks

229,856 37

10. Agents' ledger balances Ground rents

999 63 38,640 00

Total Deduct ledger liabilities..

12,844,130 70 5,426 69

11. Total net or ledger assets.

.$ 12,838,704 01

OTHER ASSETS.

14. Interest due, $35,201.77 ; and accrued, $63,-

198.14 on mortgages

$

15. Interest due, $17,244.08; and accrued, $68,'-

734 98 on bonds and stocks

16. Interest due $ , and accrued, on col-

lateral loans

17. Interest due $ , and accrued, on pre-

mium notes, loans, or liens

18. Interest due, $146:53; and accrued, $3,-

719.52 on policy loans

19. Rents due, $5,174.46; and accrued, $7,451.71

on company's property or lease

98,399 91 85,979 06
1,145 48 70 42
3,865 68 12,626 17

Total carried out

21. Market value of bonds and stocks over cost.

New Business. 23. Gross premiums due and un-
reported on policies in force

Renewals.

December 31, 1902

$ 78,798 67 $

24. Gross deferred premiums on

policies in force December

188,553 41

31,1902

25,356 47 118,477 62

202,086 72 106,106 15

Totals

104,155 14 307.031 03

324

COMPTROLLER-GENERAL'S REPORT.

25. Deduct loading, 20 per cent, on

"new" and 20 per cent, on

" renewals"

$ 20,831 02 $ 61,406 21

26. Net amount of uncollected

and deferred premiums

83,324 12

Extended at

245,624 82 $ 328,948 94

28. Total assets, as per books of the company

$ 13,475,845 82

ITEMS NOT ADMITTED.

5. Agents' balances

$

Total

.'

9. Total admitted assets

999 63
*< $ 13,474,846 19

V.--LIABILITIES.

Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1902. computed according to the

H. M. table of mortality, with three

and a half and four per cent, interest $ 12,470,893 59

Deduct net value of risks of this company

reinsured in other solvent companies .

2,094 86

Net reinsurance reserve

$ 12,468,798 73

3. Claims for death losses reported and not

proved

.$

84,578 71

4. Claims for matured endowments due and unpaid

2,799 70

5. Claims for death losses and matured endowments in process of adjustment or

adj usted and not due

96,853 10

Claims for death losses and other policy

claims resisted by the company

11,150 00

Amounts due and unpaid on annuity claims

4,878 26

8. Present value of unpaid amounts on matured installment policies

42,064 29

Total policy claims 10. Amount of all unpaid dividends of surplus, or other de-
scription of profits due policy-holders
11. Amount of unpaid dividends to stockholders 16. Amount of any other liability of the company, viz.:
Premiums paid in advance
Accident department 17. Liabilities on policy-holders' account
18. Gross surplus on policy-holders' account

242,324 06
27,472 60 7,875 00
16,097 16 98 47
12,762,666 02 712,180 17

19. Total liabilities

$ 13,474,846 19

COMPTROLLER-GENERAL'S REPORT.

325

20. Estimated surplus accrued on Tontine or

other policies, the profits upon which are

especially reserved for that class of pol-

icies

$

21. Estimated surplus accrued on all other

policies

$

436,198 23 170,981 17

Business in Georgia during 1902.
No.
Number and amount of policies on the lives of

Amount.

citizens of Georgia in force December 31 of

previous year

399 $ 709,762 00

Number and amount of policies on the lives of cit-

izens of Georgia issued during the year

205

319,490 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, 1902 . .
Amount of losses and claims on policies in Georgia incurred during the year

604 $1,029,252 00

233

402,500 00

371 $ 626,752 00

No.

Amount.

5 $ 6,000 00

Amount of losses and claims on policies in Georgia

paid during the year ($435.00 difference com-

promised)

5 i

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: Cash %

5,565 00 22,548 10

STATE LIFE INSURANCE COMPANY, INDIANAPOLIS, IND.

ANDREW M. SWEENEY, President.

WILBUR S. WYNN, Secretary.

C. V. LE CRAW, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$

Extended at

843,059 70 %

843,059 70

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for, commis-

sions or other expenses

$

1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

446,824 35 717,550 02

326

COMPTROLLER-GENERAL'S REPORT.

3. From dividends applied to pay running premiums
4. From surrender values applied to pay running premiums
4J. From surrender values applied to purchase paid-up insurance and annuities ....

29,939 66 9,935 20 3,579 40

Total

$ 1,207,828 63

7. Total premium income

$ 1,207,828 63

8. Cash received for interest on mortgage loans ....

40,82516

10. Cash received for interest on premium notes, loans or

liens

10,922 60

11. Cash received for interest on other debts due the com-

pany

264 52

19. From all other sources, viz.: On internal revenue ac-

count

842 62

Total income

$ 1,260,683 53

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including

revisionary additions

$ 153,905 96

7. Total net amount actually paid for losses and matured

endowments

$

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running premiums . . -

13. Surrender values paid in cash

14. Surrender values applied to pay running premiums . .

15. Surrender values applied to purchase paid-up insurance

and annuities

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance):

New policies, $230,968.51; renewals, $63,-

403.07

$

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$21,267.66; inspection of risks, $1,268.06 .

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

22. Cash paid for taxes on investments . . .

23. Cash paid for insurance department fees

and agents' licenses, $---; municipal

licenses and taxes

24. Cash paid for rent

$

25. Cash paid for commuting commissions,

$ ; investment expenses

$
294,371 58 33,524 63 22,535 72
67,856 25 3,200 93
17,618 15 7,333 00
54 01

153,905 96 552 14
29,939 66 5,790 95 9,935 20
3,579 40
203,703 31

COMPTROLLER-GENERAL'S REPORT.

327

26. Cash paid for furniture, fixtures and safes

for home and agency offices

$

27. Cash paid for advertising, $4,392.25; print-

ing, $10,844.56; postage, $3,092.84 ....

28. Cash paid for real estate expenses, other

than taxes, $ ; for legal expenses . .

29. Cash paid for the following items, viz.:

Traveling expenses, $26,449.26 ; miscel-

laneous expenses, $3,200.49

Discount on premiums paid in advance,

$17.58; internal revenue, $312.51 ....

Total miscellaneous expenses

30. Total disbursements

4,862 24 18,329 65 6,098 22

29,649 75

33009 $ *

505,764 22 709,467 53

IV.--ASSETS AS PER LEDGER ACCOUNTS

Loans on mortgage (first liens) on real estate . . .

Loans secured by pledge of bonds, stocks or other mar-

ketable collateral

.

Loans made in cash to policy-holders on this company's

policies assigned as collateral

Premium notes, loans or liens on policies in force . . .

Cash in company's office

8. Cash deposited in banks

10. Agents' ledger balances

Certificates of deposit

976,346 12
3,850 00
199,090 22 26,197 21
7,711 46 138,779 77 22,300 92
20,000 00

11. Total net or ledger assets

I 1,394,275 70

OTHER ASSETS.

14. Interest due, $126.00, and accrued, $13,-

359 30 on mortgages

$

16. Interest due, $ , and accrued on col-

lateral loans

18. Interest due, $ , and accrued on other

assets

13,485 30 39 55 555 31

Total carried out

$

New Business. Renewals.

23. Gross premiums due and

unreported on policies in

force December 31, 1902. . $ 139,53121 $ 61,939 11

24. Gross deferred premiums on

policies in force December

31, 1902

10,653 18

37,266 99

Totals

$ 150,184 39 $ 99,206 10

25. Deducting loading, actual

per cent, on "new," and

actual per cent, on " re-

. newals"

84,980 14

23,429 17

14,080 16

328

COMPTROLLER-GENERAL'S REPORT.

26. Net amount of uncollected and deferred premiums. . $ 65,204 25 $ 75,776 93

Extended

$ 140,981 18

28. Total assets, as per the books of the company

$ 1,549,337 04

ITEMS NOT ADMITTED.
5. Agents' balances 9. Total admitted assets

$ 22,300 92 $ 1,527,036 12

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

American exp. and actuaries' tables of

mortality, with three and four per cent,

interest

$ 1,143,517 54

Net reinsurance reserve

5. Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due

$

6. Claims for death losses and other policy

claims resisted by the company ....

$ 1,143,517 54
16,500 00 10,000 00

Total policy claims 10. Amount of all unpaid dividends of surplus, or other
description of profits due policy-holders 13. Amount due on account of salaries, rents and office
expenses 16. Amount of any other liability of the company, viz.:
Premiums paid in advance

26,500 00 846 48
2,620 62 2,765 07

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

$ 1,176,249 71 350,786 41

19. Total liabilities

$ 1,527,036 12

Business in Georgia during 1902.

No. Number and amount of policies on the lives of citi-r

zens of Georgia in force December 31 of pre-

vious year

389

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year . . . 593

Total

982

Deduct number and amount which have ceased to

be in force during the year

216

Total number and amount of policies in force in Georgia December 31, 1902 . . 766

Amount.
% 1,008,500 00 964,500 00
$ 1,973,000 00 373,500 00
1,599,500 00

COMPTROLLER-GENERAL'S REPORT.

329

NL>.
Amount of losses and claims on policies in Georgia

incurred during the year

7

Amount.
$ 12,000 00

Amount of losses and claims on policies in Georgia paid during the year

6 $ 11,000 00

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: Cash

42,097 23

STATE MUTUAL LIFE ASSURANCE COMPANY, WORCESTER, MASSACHUSETTS.

A. G. BULLOCK, President.

H. M. WITTER, Secretary.

W. A. WEIGHT, Atlanta, Attorney for Service in Georgia.

-CAPITAL STOCK.

Amount of net or ledger assets December 31

of previous year

$ 18,090,622 44

Extended at

$ 18,090,622 44

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new pol-

icies, without deductions for commis-

sions or other expenses

$ 490,763 36

Ii. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

2,697,485 88

3. From dividends applied to pay running

premiums

316,006 54

3$ From dividends applied to purchase paid-

up additions and annuities

92,154 04

Total

$ 3,596,409 82

<J. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company : new business,$17,009.41;

renewals, $21,162 67

38,172 08

7. Total premium income

$ 3,558,237 74

S. Cash received for interest on mortgage loans

135,333 31

9. Cash received for interest on bonds owned, and divi-

dends on stock

500,748 86

10. Cash received for interest on premium notes, loans or

liens

79,261 60

11. Cash received for interest on other debts due the com-

pany

41,319 62

330

COMPTROLLER-GENERAL'S REPORT.

13. Cash received for rents for use of company's property, including 520,000 for company's own occupancy ... $
14. Cash received for profits on sales of bonds or stocks . . .

103,277 11 40,725 46

Total income

4,458,906 70-

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re vis-

ionary additions

$

3. Cash paid for matured endowments, and

additions thereto

721,862 11 208,983 83

Total

930,845 91

7. Total net amount actually paid for losses and matured

endowments

9. Premium notes, loans or liens voided by lapse

10. Cash dividends paid policy-holders

11. Cash dividends applied to payiug running premiums . .

12. Cash dividends applied to purchase paid-up additions

and annuities

13. Surrender values paid in cash

930,845 94 2,321 00 11,835 07
316,006 54
92,154 04 362,533 19

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $233,394.55 ; renewals, $195,-

912.27

-

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees, $26,-

718; inspection of risks, $5,000

20. Cash paid for salaries and all other com-

pensation of officers and other home of-

fice employees

21. Cash paid for taxes on new premiums, $4,-

606.16; on renewals, $24,392.30

22. Cash paid for taxes on reserves, $25,407.55;

on investments, $18,687.20

23. Cash paid for insurance department fees

and agents' licenses, $7,080.08; municipal

licenses, $1,074.38

24. Cash paid for rent, including $20,000 com-

pany's 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, $3,146.26; print-

ing $17,964.12

28. Cash paid for real estate expenses, other

than taxes, $27,490.91; for legal expenses,

$2,398.50

1,715,695 78
429,306 82 56,806 44 31,718 00
69,496 68 28,998 46 44,094 75
8,154 46 42,154 85
5,500 00 2,407 83 21,110 38
29,88;) 41

COMPTROLLER-GENERAL'S REPORT.

331

29. Cash paid for the following items, viz.: loss on sale or maturity of ledger assets. Sundry, 135,980.28; postage, $5,974.42; annuities, $674
Total miscellaneous expenses ....

1,522 00 42,628 70

813,788 78

30. Total disbursements

2,529,484 56

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of allincumbrances . $ 1,314,650 00

2. Loans on mortgage (first liens) on real estate

3,337,401 00

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals 4. Loans made in cash to policy-holders on this company's

760,875 00

policies assigned as collateral

1,544,213 00

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase "7. Cash in company's office
8. Cash deposited in banks

12,615,355 00 2,168 83
395,881 75

Loans to corporations 13. Total net or ledger assets

49,500 00 $ 20,020,044 58

OTHER ASSETS.

14. Interest due, $6,749.42, and accrued, $36,-

229.01 on mortgages

$

15. Interest due $ , and accrued on bonds

and stocks

16. Interest due $ , and accrued on col-

lateral loans

17. Interest due, $2,841.43 and accrued, $16,-

721.88 on premium notes, loans or liens . 18. Interest due $ , and accrued on other
assets
19. Rents due, $477.18 and accrued, $10,695.06

on company's property or lease

Total carried out 21. Market value of bonds and stocks over cost
New Business. 23. Gross premiums due and un-

reported on policies in force

December 31, 1902 . . . $ 24. Gross deferred premiums on

59,242 10 $

policies in force December 31, 1902

50,456 53

42,978 43 171,937 68
8,562 59 19,563 31 2,049 70 11,172 24
Renewals.
183,277 11
280,614 03

256,263 95 943,3S0 00

Totals Deducting loading 20 per cent,
on "new," and 20 per cent, on "renewals"

26. Net amount of uncollected and deferred premiums .

Extended

'.

109,698 63 21,939 72 87,758 91

463,891 14 92,778 23 371,112 91

458,871 82

28. Total assets, as per the books of the company

$ 21,678,560 35

332

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to the

actuaries' table of mortality, with 4 per

cent, interest on policies issued prior to

January 1, 1901, and on the American

table with 3J per cent, interest on policies

issued since January 1, 1901

$ 19,205,385 00

Deduct net value of risks of this company

reinsured in other solvent companies .

76,962 00

Net reinsurance reserve 5. Claims for death losses and matured en-
dowments in process of adjustment or adjusted and not due 6. Claims for death losses and other policy claims resisted by the company .... 8. Present value of unpaid amounts on matured installment policies (face $15,218).

$19,128,423 00
32,102 00 4,500 00 10,220 00

Total policy claims 10. Amount of all unpaid dividends of surplus, or other de-
scription of profits due policy-holders, viz.: dividends of 1902 left with company to accumulate at interest . 16. Amount of any other liability of the company, viz.: premiums paid in advance Dividends on five-year distribution policies apportioned and not yet due

46,822 00
19,837 00 34,217 00 52,000 00

17. Liability on policy-holders'account 18. Gross surplus on policy-holders' account

19,281,299 00 2,397,261 35

19. Total liabilities

$21,678,560 35

Business in Georgia During 1902.

No.

Amount.

Number and amount of policies on the lives of citizens

of Georgia in force December 31, of previous year 24 $ 62,255 00

Number and amount of policies on the lives of citizens

of Georgia issued during the year

141 296,017 00

Total

165

Deduct number and amount which have ceased to be in

force during the year

22

358,272 00 62,000 00

Total number and amount of policies in force

in Georgia December 31, 1902

143 296.272 00

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: Cash, $7,527.45; notes or credits, $99;

total, $7,626.45.

COMPTROLLER-GENERAL'S REPORT.

333

THE TRAVELERS' LIFE INSURANCE COMPANY, HARTFORD, CONN.

SYLVESTER C. DUNHAM, President.

JOHN E. MORRIS, Secretary.

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL, STOCK.

Amount of net or ledger assets December

31 of previous year (1901)

$25,328,733 51

Extended at

$ 25,328,733 51

II.--INCOME.

As shown by the books at home office at close of business Dec. 31, 1902.

1. First year's premiums on original policies,

without deduction for commissions or

other expenses, less $13,951.72 for first

year's reinsurance

$

2. Surrender values applied to pay first year's

premiums

57(5,073 80 366 81

3. Total first year's premiums on original

policies

$

6. Consideration for original annuities involv-

ing life contingencies

576,440 61 22,316 88

8. Total new premiums

$

9. Renewal premiums, without deduction for

commissions or other expenses, less $116,-

687.20 for reinsurance on renewals . . . $ 3,342,81164

11. Surrender values applied to pay renewal

premiums

'. .

249 09

12. Renewal premiums for deferred annuities.

1,014 50

598,757 49

13. Total renewal premiums

3,344,075 23

14. Total premium income

$ 3,942,832 72

15. Consideration for supplementary contracts not involving

life contingencies

207,316 00

18. Interest on mortgage loans

$ 363,081 27

19. Interest on collateral loans

51,008 54

20. Interest on bonds and dividends on stocks. 655,441 17

21. Interest on premium notes, policy loans or

liens

105,574 88

22. Interest on other debts due the company .

55,641 43

23. Discount on claims paid in advance . . .

2,096 40

24. Rent from company's property, including

$15,000.00 for company's own occu-

pancy

101,161 67

25. Total interest and rents 26. Profit on sale or maturity of ledger assets

1,334,005 36 113,952 91

28. Total income

$ 5,598,106 99

331

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS.

As shown by the books at home office at close of business Dec. 31, 1902.

1. For death claims (less $14,500.00 rein-

surance)

$ 1,308,016 53

2. For matured endowments, (including $5,-

429 00 for pure endowments granted with

extended term insurance, less $3,450.00

reinsurance

359,700 06

3. Net amount paid for losses and matured endowments . $ 1,668,316 59

4. For annuities involving life contingencies

17,484 97

6. Surrender values paid in cash

185,860 36

7. Surrender values applied to pay new premiums, $366.81;

to pay renewal premiums, $249.09

615 90

12. Total paid policy-holders 15. Commissions and bonuses to agents (less
commission on reinsurance), first year's premiums, $270,070.38; renewal premiums, $179,312.21; on annuities (original), $592.74; (renewal), $38.75 . . 16. Commuted renewal commissions 17. Salaries and allowances for agencies, including managers, agents and clerks . . 18. Agency supervision, traveling and all other agency expenses 19. Medical examiners' fees 20. Salaries and all other compensation of officers and home office employees . . . 21. Rent, including $15,000.00 for company's own occupancy 22. Advertising, $23,870.20; printing and stationery, $10,411.83; postage, $8,199.51 . . 23. Legal expenses 24. Furniture, fixtures and safes, $6,711.13; expense, $12,800.45 25. Insurance taxes, licenses and department fees 26. Taxes on real estate 27. Repairs and expenses (other than taxes) on real estate 29. All other disbursements: Profit and loss .

$ 1,872,277 82
450,014 08 1,600 00
31,739 29 30,228 83 40,666 81 67,003 97 17,901 28 42,48154
7,605 97 19,511 58 55,489 15 29,403 10 120,005 33
461 68

30. Total disbursements

$ 2,786,390 43

IV.--LEDGER ASSETS.

1. Book value of real estate (uuincumbered)

$ 1,193,531 62

2. Mortgage loans on real estate (first liens)

7,415,963 86

3. Loans secured by pledge of bonds, stocks or other col-

lateral ..

630,043 83

COMPTROLLER-GENERAL'S REPORT.

335

4. Loans made to policy-holders on this company's policies

assigned as collateral

$ 1,989,475 00

6 Book value bonds (excluding interest), $13,836,656.99;

stocks, $1,939,688.82

15,776,345 81

7. Deposited in trust companies and banks on interest. . . 1,089,896 17

8 Cash in company's office, $2,011.43; deposited in banks

(not on interest), $35,282.04 9 Agents' balances

37,293 47 7,900 31

10. Total ledger assets

< 28,140,450 07

NON-LEDGER ASSETS.

11 Interest due, $ , and accrued on

mortgages

$ 114,440 90

12. Interest due, $ , and accrued on bonds

and stocks

130,300 59

13. Interest due, $ , and accrued on col-

lateral loans ...

1,952 65

17. Total interest and rents due and accrued . .

19. Market value (not including interest in item 12) of bonds

and stocks over book value

New Business.
21. Gross premiums due and un-

Renewals.

reported on policies in

force December 31, 1902. . $ 11,182 60 $ 282,717 85 22. Gross deferred premiums on

policies in force December

31, 1902

46,346 15

407,332 43

246,694 14 589,915 43

23. Totals

$ 57,528 75 $ 690,050 28

24. Deduct loading, 7.6 per cent.

4,372 18

52,443 82

25. Net amount of uncollected and deferred premiums. . $ 53,156 57

637,606 46

Extended Gross assets

690,763 03 $ 29,667,822 67

DEDUCT ASSETS NOT ADMITTED.

30. Agents' debit balances 36. Total admitted assets

$ 7,900 31 $~ 29,659,922 36

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, as computed by the com-

pany on the American experience table

of mortality, with three and one-half

per cent, interest

$ 27,023,281 00

Reserve for indemnity contracts Same for annuities (including those in re-

5,000 00

duction of premiums)

157 558 00

Total

$ 27,185,839 00

336

COMPTROLLER-GENERAL'S REPORT.

Deduct net value of risks of this company reinsured in other solvent companies . . $ 641,949 00

Net reserve

$ 26,543,860 00

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed

by the company

1,386,903 00

5. Claims for death losses in process of adjust-

ment or adjusted and not due

$ 14,685 00

6. Claims for death losses which have been

reported and no proofs received ....

77,616 01

7. Claims for matured endowments due and

unpaid

2,456 00

8. Claims for death losses and other policy

claims resisted by the company ....

12,000 00

10. Total policy claims

$

12. Premiums paid in advance, including surrender values

so applied

14. "Cost of collection" on uncollected and deferred [pre-

miums, in excess of the loading thereon

15. Salaries, rents, office expenses, taxes, bills, accounts,

bonuses, commissions, medical and legal fees, due or

accrued

-

22. Other liabilities: Reserve to protect security valuations

24. Unassigned funds (surplus)

106,757 01 34,730 11 11,625 53
25,000 00 100,000 00 1,451,016 71

25. Total liabilities

$ 29,659,922 36

Business in Georgia during 1902.

Policies on the lives of citizens of said State in force December 31 of previous year
Policies on the lives of citizens of said State issued during the year
Total Deduct ceased to be in force during the year. . . .
Policies in force December 31, 1902

No.
1,228
256 1,484
169 1,315

Amount.
$4,537,427 00
686,580 00 | 5,224,007 00
564,601 00 $ 4,659,406 00

Losses and claims unpaid December 31 of previous year
Losses and claims incurred during the year ....

2 $ 23

Total

25 $

Losses Jand claims settled during the year: In

cash, $32,189.00; by compromise, $5,000.00 . .

25

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends, commis-

sions or other expenses

$

10,000 00 27,189 00 37,189 00
37,189 00
148,926 37

COMPTROLLER-GENERAL'S REPORT.

337

UNION CENTRAL LIFE INSURANCE COMPANY, CINCINNATI OHIO.

JOHN M. PATTERSON, President.

E. P. MARSHALL, Secretary.

I. H. HAAS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

$ 100,000 00

Amount of net or ledger assets December

31 of previous year

$ 28,615,580 21

ExteDded at

$ 28,615,580 2!

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

- cies, without deductions for commis-

sions or other expenses

$ 629,488 35

1*. Cash received for renewal premiums,

without deductions for commissions

or other expenses

3,149,750 56

2. Premium notes, loans, or liens taken in

part payment for premiums on new pol-

icies.

470,817 80

^i. Premium notes, loans or liens taken in

part payment for renewal premiums . . 3. From dividends applied to pay running
premiums
Si. .brom dividends applied to purchase paid-

1,701,599 03
136830 2g

up additions and annuities 4. From surrender values applied to pay

65 999 04

running premiums

24 506 25

4J. From surrender values applied to purchase paid-up insurance and annuities. . .
5. Consideration for annuities, other than

54904 16

matured installment policies

4 443 88

Total . . . . 9

6,237,639 35

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $26,625.25 ;

renewals, $129,494.88

' 156 120 13

7. Total premium income

'

$ 6,081,519 22

8. Cash received for interest on mortgage loans .... 1 50* <>80 11

9. Cash received for interest on bonds owned, and dividends On stock

loaAQ on

10. Cash received for interest on premium notes, loans, or

UtrllS ..

9ft fifift 1 f\

12. Cash received as discount on claims paid in advance .'
22 in

' 62 85

338

COMPTROLLER-GENERAL'S REPORT.

13. Cash received for rents for use of company's property, including $5,000.00 for company's own occupancy . . $
14. Cash received for profits on sales of bonds or stocks, $ ; real estate
19. From all other sources, viz.: Consideration for supplementary contracts not involving life contingencies .

17,633 70 SG0 37
130,250 00

Total income

$ 8,034,935 71

HI.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 1,381,914 60

2. Premium notes, loans or liens used in

payment of the same

14,314 69

3. Cash paid for matured endowments, and

additions thereto

422,624 69

4. Premium notes, loans, or liens used in the

payment of same

5,799 88

5. Cash paid for sums falling due during the

year on installment policies

6,100 00

Total.

1,830,753 86

6. Deduct amount received from other com-

panies for losses or claims on policies of

this company reinsured

35,875 00

7. Total net amount actually paid for losses and matured

endowments

* 1,794,S78 86

8. Cash paid to annuitants

19,969 67

9. Premium notes, loans or liens used in purchase of sur-

rendered policies voided by lapse

165,171 86

9J. Premium notes, loans, or liens used in payment of divi-

dends to policy-holders

2.912 98

10. Cash dividends paid policy-holders

169,026 83

11. Cash dividends applied to pay running premiums . . 136,830 28

12. Cash dividends applied to purchase paid-up additions

and annuities

65,999 04

13. Surrender values paid in cash

153,827 44

14. Surrender values applied to pay running premiums . .

24,506 25

15. Surrender values applied to purchase paid-up^usurance

and annuities

54,204 16

Total paid policy-holders

Hi. Cash paid stockholders for interest and

dividends

$

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, 1552,612.12; renewals, $307,-

901.55

18. Cash paid for salaries and allowances to

managers and agents.

19. Cash paid for medical' examiners' fees

$ 2,587,327 37 10,000 00
860,513 67 37,852 31 60.483 95

COMPTROLLER-GENERAL'S REPORT.

339

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

$

21 Cash paid for taxes on rew premiums,

and on renewals

22. Cash paid for taxes on reserves, $1,687.40;

on investments, $6,205.92

'

23. Cash paid for insurance department fees

and agents' licenses

24. Cash paid for rent, including $5,000.00 for

company's occupancy

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $7,259.07;

printing, $29,424.85: postage, $13,049.27 .

28. Cash paid for real estate expenses, other

than taxes, $6,830.28; for legal ex-

' penses, $15,319.71

29. Cash paid for the following items, viz.:

P. and L. bad accounts, $14,496.15; trav-

eling expenses, $29,020.10

General expense agency items, $13,438.89 ;

mortgage loan expense, $234,203.80 . . .

Total miscellaneous expenses

30. Total disbursements

135,171 23 80 632 87 7,893 32 12 724 67 25,571 22 2,847 06 49,733 19
22 149 99
43,516 25 247,642 69
$ 1,596,732 42 $ 4 184.059 79

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrauces .$ 321,591 92

2. Loans on mortgages (first liens) on real estate. . . 27,360^063 09

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

2,993 242 82

5. Premium notes, loans or liens on policies in force, of

which $246,498.39 was received during the year . . . 1,281,894 77

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

10 000 00

7. Cash in company's office

10314 94

8. Cash deposited in banks

336 138 40

9. Bills receivable

29 501 7fi

10. Agents' ledger balances

123708 33

11. Total net or ledger assets

32 466 456 13

12. Deduct depreciation from cost of assets, to bring same

to market value

14 6g9 j,,

13. Total net or ledger assets, less depreciation

$ 32,451,790 94

OTHER ASSETS.

14. Interest due, $85,001.79; and accrued,

$845,364.44 on mortgages

$

930,366 23

340

COMPTROLLER-GENERAL'S REPORT.

15. Interest due $- -; and accrued on bonds

and stocks

$

16. Interest due, $7,919.89; and accrued, $110,-

311.50 on collateral loans

-

17. Interest due $

; and accrued on pre-

mium notes, loans or liens

19. Rents due $ ; and accrued on company's

property or lease

100 00 118,231 39
35,166 37 4,133 29

Total carried out 21. Market value of bonds and stocks over cost

$ 1,087,997 28 975 00

New Business. Renewa s.

23. Gross premiums due and

unreported on policies in

force December 31, 1902. .$ 296,798 25 $ 281,874 66

24. Gross deferred premiums on

policies in force December

31, 1902

10,702 36

96,799 38

Totals
25. Deducting cost of collection, 45 per cent, on "new," and 6 per cent on "renewals."

307,500 61 138,375 27

378,674 04 22,720 44

26. Net amount of uncollected and deferred premiums. . 169,125 34

355,953 60

Extended.

$

Net single premiums uncollected after deducting five per

cent, for cost of collection

525,078 94 6,029 13

28. Total assets, as per books of the company

$34,071,877 29

ITEMS NOT ADMITTED.

Agents' balances

$

Bills receivable

Commissions payable to agents on pre-

mium notes when paid

139,468 43 29,501 76
173,558 76

Total

342,528 95

Total admitted assets

$ 33,729,348 34

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1902, computed according to

the actuaries' table of mortality, with four per cent, interest, or American,

three and a half per cent, interest for

issues of 1902

$28,650,260 00

Deduct net value of risks of this company

reinsured in other solvent companies . 319,082 00

Net reinsurance reserve

$28,331,178 00

COMPTROLLER-GENERAL'S REPORT.

341

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 ....

8. Present value of unpaid amounts on ma-

tured installment policies (face, $198,-

150.00)

_

2,400 00 53,269 00 33,000 00 124,150 00

Total policy claims

$

10. Amount of all unpaid dividends of surplus, or other

description of profits due policy-holders

16. Amount of any other liability of the company, viz.: premiums paid in advance
Unpaid and deferred premiums on reinsured policies, less cost of collection

212,819 00 13,848 39 98 916 38 24 807 00

17. Liabilities on policy-holders' accouut 18. Gross surplus on policy-holders' account

28,681,568 77 5,047,779 57

19. Total liabilities

.$33,729,348 34

20. Estimated surplus accrued on policies, the

profits upon which are especially re-

served for that class of policies

$ 4,030,085 00

21. Estimated surplus accrued on all other

policies

$ 917,694 57

Business in Georgia during 1902.

NKTumbi er andi amount, of policies on the lives of citi- No.

Amount.

zens of Georgia in force December 31 of pre-

vious year

1912 $ 3,646,703 00

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year . ... 902 1,486,37600

Total

2814

Deduct number and amount which have ceased

5,133,079 (10

to be in force during the year

347 $ 584,753 00

Total number and amount of policies in

force in Georgia, December 31, 1902 . . . 2467 4,548,326 00

Amount of losses and claims on policies in Georgia unpaid December 31 of previous year ....
Amount of losses and claims on policies in Georgia incurred during the year

3 $ 18

Total

21

Amount of losses and claims on policies in Georgia

paid during the year ....';

20

Premiums collected or secured in Georgia during the year in cash and notes or credits, without any deduction for
losses, divideuds, commissions or other expenses . $

15,000 00 30,000 00 45,000 00 40,000 00
152,116 88

342

COMPTROLLER-GENERAL'S REPORT.

THE WASHINGTON LIFE INSURANCE CO., NEW YORK, N. Y.

W. A. BREWER, JR., President. GRAHAM H. BREWER, Secretary.

THOMAS PETERS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid up in cash.$ 125,000 00

Amount of net or ledger assets December

31 of previous year

$ 15,585,137 06

Extended at

$ 15,585,137 06

II.--INCOME DURING YEAR 1902.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 448,313 41

1J. Cash received for renewal premiums, without deductions for commissions or other expenses
3, From dividends applied to pay running premiums

1,942,956 00 61,390 02

3J. From dividends applied to purchase paidup additions and annuities

94,279 00

4 From surrender values applied to purchase paid-up insurance and annuities,
5. Consideration for annuities, other than matured installment policies

82,144 04 104,877 55

7. Total premium income

$ 2,733,960 02

8. Cash received for interest on mortgage loans

374,023 76

9. Cash received for interest on bonds owned, and divi-

dends on stock

17,150 78

10. Cash received for interest on policy and collateral

loans

79,605 90

11. Cash received for interest on other debts due the com-

pany

21,106 61

12. Cash received as discount on claims paid in advance. .

3,356 46

13. Cash received for rents for use of company's property,

including $50,000.00 for company's own occupancy . . 343,549 59

14. Cash received for profits on sales of bonds or stocks,

8,617 22

Total income

$ 3,581,370 34

III.--DISBURSEMENTS DURING YEAR 1902.

1. Cash paid for death claims, including re-

visionary additions

$ 875,577 48

3. Cash paid for matured endowments, and

additions thereto

805,380 92

7. Total net amount actually paid for losses and matured

endowments

8. Cash paid to annuitants

1,680,958 40 37,877 91

COMPTROLLER-GENERAL'S REPORT.

343

Return premiums

... $

11. Cash dividends applied to pay running premiums . . .

12. Cash dividends applied to purchase paid-up additions

and annuities

13. Surrender values paid in cash

15. Surrender values applied to purchase paid-up insurance

and annuities

4,589 85 61,390 02
94,279 00 85,468 88
82,144 04

Total paid policy-holders

16. Cash paid stockholders for interest or

dividends

$

17. Cash paid for commissions and bonuses

to agents (less commission on reinsur-

ance), new policies, $247,130.95; renewals,

$119,362.97

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$43,2i0.25; inspection of risks, $4,814.20 .

2). Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums . .

22. Cash paid for taxes on reserves

23. Cash paid for insurance department fees

and agents' licenses, $3,109.55; municipal

licenses, $5,879.63

24. Cash paid for rent, including $50,000 com-

pany's occupancy

25. Cash paid for commuting commissions. .

26. Tax on real estate

27. Cash paid for advertising, $8,742.20 ; print-

ing, $9,573.93; exchange and postage,

$13,622.37.

28. Cash paid for real estate expenses other

than taxes, $117,779.41; for legal ex-

penses, $2,251.

29. Cash paid for the following items, viz: Office expenses

Interest $2,365.92 ; P. & L. $20,437.48 .

$ 2,046,708 10 8,750 00
366,493 92 172,098 89 48,064 45
118,512 01 30,607 72 2,423 14
8,989 18 72,942 23 14,699 92 68,052 63
31,938 50
120,030 41 19,908 92 22,803 40

Total miscellaneous expenses

1,106,315 32

30. Total disbursements

$3,153,023 42

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. $ 6,113,130 25

2. Loans on mortgage (first liens) on real estate

7,853,900 00

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

105,000 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,280,775 00

344

COMPTROLLER-GENERAL'S REPORT.

Cost'value of stocks and bonds owned, excluding ac-

crued interest at time of purchase

$

7. Cash in company's office

8- Cash deposited in banks

10. Agents' ledger balances

Office furniture

388,090 58 46,984 95 185,837 42 30,879 76 8,886 02

Total net or ledger assets as per balance above . . $16,013,483 98

OTHER ASSETS.

14. Interest due, $19,059.53; and accrued, $59,-

486.48 on mortgages

15. Interest due, $

; and accrued, $854.17

on bonds and stock

16. Interest due, $9,628.06; and accrued, $lb,-

855.73 on collateral loans

19. Rents due, 1574.17; and accrued, $12,-

203.33 on company's property or lease. .

78,546 01 854 17
26,483 79 12,777 50

Total carried out 20. Market value of real estate over cost. . .

118,661 47 296,348 96

23. Gross premiums due and un- New Business. Renewals.

reported on policies in force

December 31, 1902

$ 1,562 49 $ 8,308 61

24. Gross deferred premiums on

policies in force December

31,1902

26,924 87 181,779 21

Totals

$

25. Deducting loading, 20 per cent,

on new, and 20 per cent, on

renewals

28,487 36 $ 190,087 82" 5,697 47 38,017 57

26. Net amount of uucollected and deferred premiums . . $ 22,789 89 $ 152,070 25 Extended

174,860 14

Total assets, as per the books of the company $16,603,354 55

ITEMS NOT ADMITTED.
Judgments, $ ; furniture, fixtures and safes, $8,886.02
Agents'balances Depreciation in value of bonds
Total
Total assets, less items not admitted

8,886 02 30,879 76 19,010 00
$ 58,775 78
$ 16,544,578 77

V.--INABILITIES.
Net present value of all the outstanding policies in force on the 31st day of December, 1902, computed according to the actuaries' table of mortality, with 4 per cent.

COMPTROLLER-GENERAL'S REPORT.

345

interest, and American three and one-half

percent

. . .$15,717,262 00

Net reinsurance reserve 4. Claims for matured endowments due and
unpaid
5. Claims for death losses and matured endowments in process of adjustment or adjusted and not due
<5. Claims for death losses reported, no proofs received

$15,717,262 00 21,503 58
27,467 50 33 930 10

Total policy claims 16. Amount of any other liability of the company, viz.:
Premiums paid in advance

82,901 18 8,316 27

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

$15,808,479 45 736,099 32

19.

Total liabilities

$16,544,578 77

Business in Georgia during 1903.

No. Number and amount of policies on the lives of citi-

zens of Georgia in force December 31 of pre-

vious year

542

Number and amount of policies on the lives of citi-

. zens of Georgia issued during the year .... 130

Total

672

Deduct number and amount which have ceased to

be in force during the year

103

Total number and amount of policies in force in Georgia December 31,1902 ... 569

Amount.
894,394 00 224,572 00 1,118,966 00 179,490 00
939,476 00

No.

Amount of losses and claims on policies in Georgia

incurred during the year

5

Total

5

Amount of losses and claims on policies in Georgia

paid during the year

5

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:

Cash, $32,747.20; notes or credits, $

; total. . . .$

Amount. 16,529 00 16,529 00 16,529 00
32,747 20

346

COMPTROLLER-GENERAL'S REPORT.

AMERICAN ASSURANCE ASSOCIATION, ATLANTA, GA.

H. C. BEERMAXN, President.

E. P. BURNS, Secretary.

HAMILTON DOUGLAS, Atlanta, Attorney for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December

31 of previous year

$

Extended

298 62 $

298 62

II.--INCOME DURING THE YEAR.

Gross amount paid by members to the association or its agents, without deductions for commissions or other expenses, as follows:

1. Membership fees

$

2. Annual dues, assessments, weekly in ad-

vance

370 40 10,823 28

Total paid by members

$ 11,193 68

Total income

11,492 30

III.--DISBURSEMENTS DURING THE YEAR.

1. Losses and claims

$

2. Annual payments and assessments returned

to members

3,346 68 13 90

Total paid to members 3. Commissions and fees retained by or paid
to agents 4. Commissions and fees retained by or paid
to officers and directors 5. Salaries and traveling expenses of mana-
gers of agencies, and general, special and local agents 6. Medical examiners' fees, whether paid direct by members or otherwise 7. Salaries and other compensation of officers and other office employees 8. Rents, $150.00; taxes, $60.00 10. Blanks and printing

$ 5,048 48
949 36
97 30 V50 00 208 00 210 00 263 91

Total expenses

Total disbursements

3,360 58
7,527 05 10,8S7 63

IV.--INVESTED ASSETS.
6. Cash in office 9. All other ledger assets
Total net or ledger assets

$

499 02

105 65

$

604 67

COMPTROLLER-GENERAL'S REPORT.

347

V.--CONTINGENT ASSETS.

19. Annual payments or premiums due and

unpaid on memberships in force

$

20. Annual payments or premiums in process

of collection not yet due (collected week-

ly in advance)

226 70 14)904 00

21. Total due from members

$

22. Deduct estimated cost of collection (20 per

cent.)

15,130 70 3i026 14

23. Net amount due from members

$

Total assets

$

VI.--LIABILITIES.

8. To officers or others for advances on account of expenses

of organization

;

Total liabilities

$

12,104 56 12 709 23
1 4gg 73 1,488 73

Business in Georgia during 1902.
No.
Policies or certificates in force Dec. 31, 1901 . . . . 1,752 Policies or certificates written during the year 1902. 6,947

Total

8,699

Deduct number and amount which have ceased to

be in force during 1902

4,973

Total policies in force Dec. 31, 1902

3,726

bTosses andj c1lai.ms on pol.i.c.ies or certificates in- No.

curred during the year 1902

924

Losses and claims on policies or certificates paid

during the year 1902

994

Amount.
$ 65,340 00 282,590 00
$ 347,930 00
194,230 00 $ 153,700 00
Amour.t.
3,346 68
$ 3,346 68

CONTINENTAL AID ASSOCIATION, ATLANTA, GEORGIA.

S. C. CROSS, President.

F. HOLT, Secretary.

Principal Office, Grant Building, Atlanta, Ga.

C. L. PETTIGREW, Atlanta, Attorney for Service in Georgia.

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the Asso-
ciation or its agents without deductions
for commissions or other expenses, as follows:

1. Membership fees 2. Annual dues

$

335 55

1,478 85

Total paid by members

$ 1,814 40

348

COMPTROLLER-GENERAL'S REPORT.

7. Cash received from all other sources, viz.:

Officers, contributions

$

Total income

2,656 65 $

III.--DISBURSEMENTS DURING THE YEAR 1902.

1. Losses and claims

$

285 62

Total paid to members

3. Commissions and fees retained by or paid

to agents

$

5. Salaries and traveling expenses of managers

of agencies, and general, special and lo-

cal agents

8. Rent

10. Blanks and printing

11. All other items, viz.: Insurance depart-

ment tax and license

Municipal license

$
2,373 93
511 43 138 50 329 20
43 00 31 25

Total

$ 3,712 93

Total disbursements

3,427 31 $

4,471 05 285 62
3,712 93

IV.--INVESTED ASSETS.

2. Loans on bond and mortgage (first liens)

on real estate

1

6.

8.

9. All other ledger assets, viz.: Furniture and

Total net or ledger assets

V.--CONTINGENT ASSETS.

12. Interest due, $30 00; and accrued. $

19. Annual payments or premiums due and un-

paid on memberships in force

if

20. Annual payments or premiums in process of

21. Total due from members

$

22. Deduct estimated cost of collection

23. Net amount due from members

Total assets
i

VI.--LIABILITIES.

5. 6.

Total liabilities

500 00 100 47
9 75 147 90
$
$
449 10 4,646 20 5,095 30 1,019 06
$ $
$ .
$

758 12 30 00
4,076 24 4,864 36
18 14 10 00 28 14

COMPTROLLER-GENERAL'S REPORT.

349

VII.--EXHIBIT OP CERTIFICATES OR POLICIES.

Total Business of 1902.
No.
Policies or certificates written during the year 1902 2553

Total

2553

Deduct number and amount which have ceased to

be in force during 1902

1193

Total policies or certificates in force December 31, 1902
Losses and claims on policies or certificates incurred during the year 1902

1360 $ 99 f

Total

99

Losses and claims on policies or certificates paid

during the year 1902

99

Business in Georgia During 1902.
No.
Policies or certificates written during the year 1902 2553 $

Total

Deduct number and amount which have ceased to

be in force during 1902

'.

2553 $ 1193

Total policies in force December 31, 1902 Losses and claims on policies or certificates incur-
red during the year 1902

1360 $ 99 $

Total

99 $

Losses and claims on policies or certificates paid

during the year 1902

99

Amount. 82,166 50 82,166 60 38,059 75
44,106 75 285 62 285 62
285 62
Amount. 82,166 50 82,166 50 38,059 75 44,106 75
285 62 285 62
285 62

COTTON MILL MUTUAL FIRE INSURANCE COMPANY OF AUGUSTA, GA.

JAMES P. VEEDERY, President.

PELEG A. RHODES, Secretary.

BRYAN GUMMING, Augusta, Attorney for Service in Georgia.

350

COMPTROLLER-GENERAL'S REPORT.

EMPIRE MUTUAL ANNUITY AND LIFE INSURANCE COMPANY, ATLANTA, GA.

G. H. TANNER, President.

WM. W. REID, Secretary.

Principal Office, 510, 511, 512, 513 and 514 Peters Bldg., Atlanta, Ga.

G. H. TANNER, Atlanta, Attorney for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December

31 of previous year

$

Extended

46,599 45 $

46,599 45

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the association or its agents, without deductions for commissions or other expenses, as follows:

1. First year's premiums 2 Renewal premiums

$ 20,929 65 10,800 55

Total paid by members 5. Interest
7. Cash received from !all other sources, viz.: ments by members

$ Other pay-

31,730 20 658 92
18,562 75

Total income

jp 50,951 S7

III.--DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims 2. Annual payments and assessments re-
turned to members

$ 155 00

Total paid to members

3. Commissions and fees retained by or paid

to agents

5. Salaries and traveling expenses of mana-

gers of agencies, and general, special and

local agents

6. Medical examiners' fees, whether paid

direct b,y members or otherwise

7. Salaries and other compensation of officers

and other office employees



8. Rent, $570.00 ; taxes, $281.39

9. Advanced to officers and agents to be re-

paid out of future salaries or commis-

sions, $2,048.14, less amount returned by

agents, $611.29

10. Advertising, $920.01; blanks and printing,

$535.62

11,808 75
L',07S 85 913 00
2,456 43 851 39
1,436 85 1,455 63

700 00 855 00

COMPTROLLER-GENERAL'S REPORT.

351

11. All other items, viz.: Licenses and fees,

$687.49; stamps, telegrams and express,

$247.61; office expenses, $437.92

$

Bills payable

Total miscellaneous expenses

(Total expenses, footing of items 3 to 11, $22,373 92) Total disbursements

1,373 02 1,650 00
$
$

IV.--INVESTED ASSETS.

5. Cost value of bonds and stocks:o\vned ab-

solutely

$

6. Cash in office and bank

7. Cash deposited in banks on reserved fund

account: Advance reserve fund, created

by the deposit of securities for the pur-

pose of guaranteeing any installments

of death claims accruing prior to Janu-

ary 1st, 1905

Total Office furniture 8. Agents' ledger balances 9. All other ledger assets, viz.:
notes on policies in force

Premium

Total

10. Total net or ledger assets

21,937 50 4,142 17
25,000 00 $
891 50 14,061 97 6,639 26
$

V.--CONTINGENT ASSETS.

12. Interest due, $301.59, and accrued, $25.52 19. Annual payments or premiums due and
unpaid on memberships in force (less than three months over-due) 20 Annual payments or premiums in process of collection not yet due (deferred premiums)

$ 5,253 09 3,144 44

21. Total due from members

$

22. Deduct estimated cost of collection (5 per

cent)

23. Net amount due from members

8,397 53 419 88

Total contingent assets

Total assets

$

VI.--LIABILITIES.

1. Present value of future payments on installment policy

claims (discounted at 4 per cent.)

$

8. To officers or others for advances on account of expenses

of organization

24,023 92 24,878 92
51,079 67
21,592 73 72,672 40
327 11
7,977 65 8,304 76 80,977 16 2,729 66 5,357 50

352

COMPTROLLER-GENERAL'S REPORT.

9. Amount of all other liabilities, viz.: Reserve liability

on all policies in force to December 31st, 1902; Ameri-

can experience and four per cent

$

Total liabilities

$

32,286 25 40,373 41

VII.--EXHIBIT OF CERTIFICATES OE POLICIES.

Total Business of 1902.

No.
Policies or certificates in force December 31, 1901... 335 Policies or certificates written during the year 1902. 294

Amount.
$ 927,000 00 712,500 00

Total

629

Deduct number and amount which have ceased to

be in force during 1902

119

% 1,639,500 00 323,500 00

Total policies or certificates in force De-

cember 31, 1902

510 $1,316,000 00

Losses and claims on policies or certificates incurred during the year 1902
Losses and claims on policies or certificates paid during the year 1902 (installments of $600.00 paid on claim incurred last half of 1901) (installments of $100 09 paid on claim incurred last half of 1902)
^Annuities.

1 $ 2 $

*200 00
*700 (JO

Business in Georgia during 1902.
No.
Policies or certificates in force December 31, 1901... 335 Policies or certificates written during the year 1902. 249

Total

584

Deduct number and amount which have ceased to

be in force during 1902

119

Total policies in force December 31, 1902. 465

No.

Losses and claims on policies or certificates in-

curred during the year 1902

1

Losses and claims on policies or certificates paid

during the year 1902 (installment of $600.00

paid on claim incurred last half 1901) (in-

stallment of $100.00 paid on claim incurred

last half of 1902)

2

"Annuities.

Amount.
$ 927,000 00 594,000 00
$ 1,521,000 00

323,500 00 $ 1,197,500 00
Amount.

$

*200 00

$

700 00

COMPTROLLER-GENERAL'S REPORT.

353

FARMERS CO-OPERATIVE FIRE INSURANCE COMPANY OF JACKSON, GA.

LEVI J. BALL, Vice-President.

JNO. T. GOODMAN, Secretary.

Principal office, Jackson, Georgia.

II.--ASSETS.

1,632 policies; total amount carried, $1,288,256.00.

12. Cash in company's office

$

129 73

Total cash items

$

17. Cash in hands of agents and in course of transmission .

Total assets of the company, actual cash market
value

III.--LIABILITIES.

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

6. Net amount of unpaid losses

$

IV.--INCOME DURING THE YEAR.

b. A. mount received, f,,rom assessment for 0n Fire Risks.

losses

$

3;i27 00

7. Entire premiums collected during the year, cash
8. Cash for premiums in agents' hands ...

1,515 59 29 06

9. Net cash actually received for premiums carried out . .$

V.--EXPENDITURES DURING THE YEAR.

6. Paid for losses

*

7. Paid for salaries, fees and other charges of officers,

clerks, agents, and all other employees

9. All other payments and expenditures, viz.: Advertis-

ing, rent, blanks, etc

Aggregate amount of actual expenditures during the

year in cash

$

VI.--MISCELLANEOUS. Fire Risks. '
1. In force on the 31st day of December, 1901$ 990,729 00
2. Written or renewed during 1902 ..... 322,177 00

3. Total
28 in

1,312,906 00

129 73 29 06 158 79
797 00 25 00 822~00
4,671 65 3 l'>7 00 1298 17
87 69
4M2 m

354

COMPTROLLER-GENERAL'S REPORT.

4. Deduct those expired and marked off as

terminated in 1902

$ 24,650 00

5. In force at end of year 1902

1,288,256 00

7. Net amount in force 8. Greatest amount insured in any one risk

$ 1,288,256 00 1,000 00

Business in the State of Georgia during the Year.

Fire Risks:

Risks written

$ 322,177 00

Premiums received (gross)

161,083 00

Losses paid

3,127 00

Losses incurred

3,919 00

GEORGIA INDUSTRIAL INSURANCE CO., ATLANTA, GA.

M. C. WILCOX, President.

T. J. BROWNE, Secretary.

Principal Office, 220 Temple Court, Atlanta.

W. I. HEYWARD, Atlanta, Attorney for Service in Georgia.

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the As-

sociation or its agents without deduc-

tions for commissions or other expenses,

as follows:

2. Annual dues or premiums, and cash col-

lected

$

7. Cash received from all other sources, carried

over and received from last year's ac-

counts

1,104 03 105 50

Total



.?

III.--DISBURSEMENTS DURING YEAR 1902.

I. Losses and claims

. .$

3. Commissions and fees retained by or paid

to agents

5. Salaries and traveling expenses of manag-

ers of agencies, and general, special and

local agents

8. Rent

10. Blanks and printing

11. All other items viz.: Postage, express and

return premiums

201 58 325 74
108 00 240 00 105 00 115 13

1,209 13

Total disbursements

1,095 45

IV.--INVESTED ASSETS.

6. Cash in office



0. All other ledger assets, viz.: Office supplies

$

103 68

150 00

COMPTROLLER-GENERAL'S REPORT.

355

V.--CONTINGENT ASSETS.

16. Due from members for claims not yet as-

sessed, contingent liability under by-

laws

$

19. Annual payments or premiums due and

unpaid on memberships in force, and

has been in force

21. Total due from members 22. Deduct estimated cost of collection ....

23. Net amount due from members

Total assets

61,027 80
5,270 47 66,298 27
500 00

65,798 27 65,891 95

VI .--LIABILITIES.

1. Losses due and unpaid (Number of claims, 1)

$

4. Losses resisted by the company. (Number of claims 1).

It is only supposed to be about $800. Have defense.

Total

'....$"

400 00 400 00

VII.--EXHIBIT OF CERTIFICATES OB POLICIES.
Total Business of 1902.
No.
Policies or certificates in force December [31 ... . 102 $

Total policies or certificates in force De-

cember 31

102

Losses and claims on policies or certificates unpaid December 31, 1902
Losses and claims on policies or certificates incurred during the year 1902, one, of $100. Paid.
Losses and claims on policies or certificates paid during the year 1902

Amount.
97,375 00 97,375 00
299 42
201 58

THE GEORGIA CO-OPE RATI VE EIRE ASSOCIATION.

N. B. BAXLEY, President.

EDW. A. SMITH, Secretary.

Principal Office, 201 Mclntosh, Augusta, Ga.

F. L. MCELMUKKAY, Augusta, Attorney for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31st of previous

year

$

217 97

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses, as follows :

1. Membership fees, Class A

$

975 00

356

COMPTROLLER-GENERAL'S REPORT.

3. Assessments, B and C

$ 6,240 65 $

Total

III.--DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims

$

7. Salaries and other compensation of officers

and other office employees

8. Rent, $270.00 ; taxes, $181.49.

10. Advertising, $100.00 ; blanks and printing,

$157.91. 11. All other items, viz. : Fixture-1, books, sta-

tionery, sundry bill, $389.76.

912 25 4,632 54
1,117 81

Total disbursements

IV.--INVESTED ASSETS.

6. Cash in office

$

All other deposits: Commercial Bank ...

9. All other ledger assets, viz.: Charter, fix-

tures, supplies

Total



30 07 740 95
400 00

V.--CONTINGENT ASSETS.
19. Annual payments or premiums due and unpaid on memberships in force .... $
20. Annual payments or premiums in process of collection not yet due

196 30 10,623 00

21. Total due from members 22. Deduct estimated cost of collection, 10 per
cent and 15 per cent

10,819 30 1,394 20

23. Net amount due from members

9,425 10

Total assets

VI. --LIABILITIES.

6. For salaries, rents and office expenses

Total



Business in Georgia during X902.
No.
Policies or certificates in force December 31, 1901 . . 751 Policies or certificates written during the year 1902. 3,008

Total

3,759

Deduct number and amount which have ceased to

be in force during 1902

1,997

Total policies in force December 31, 1902 . 1,762

Losses and claims on policies or certificates incurred

during the year 1902

30

Losses and claims on policies or certificates paid

during the year 1902

30

7,215 65 7>433 62
6,662 60
1.171 02:
9,425 1010,596 12
340 00 340 00
Amount.
$ 78 15 708 10 786 25 316 00 470 25 912 25 912 25

COMPTROLLER-GENERAL'S REPORT.

357

GREAT SOUTHERN HOME INDUSTRIAL ASSOCIATION OF BIRMINGHAM, ALABAMA.

W. L. LAUDERDALE, President.

E. D. COLEMAN, Secretary.

HAMILTON DOUGLAS, 416-17-18 Century Building, Atlanta, Attorney for Service in Georgia.
Principal Office, 1729> Third Avenue, Birmingham, Ala.

i.--BALANCE SHEET. Amount of net or ledger assets December 31st of previous year $ 1,503 75

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the association or its agents without

deductions for commissions or other expenses, as follows :

1. Membership fees

$ 1,473 60

. 2. Dues . .

34,264 00

Total paid by members

35,737 60

Total income

$ 35,737 60

Total

$ 37,241 35

III --DISBURSEMENTS DURING THE YEAR.

1. Losses and claims

$

8,794 92

Total paid to members

$

3. Commissions and fees retained by or paid to agents . .

7. Salaries and other compensation of officers and other

home office employees

10. Advertising, and blanks and printing

11. AH other items, viz.: Lawyers'fees

. . .

Total expenses, footings of items 3 to 11, $21,355.32

Total disbursements

$

8,794 92 12,281 53
6,127 43 2,896 36
50 00
30,150 24

,IV.--INVESTED ASSETS.

1. Cost value of real estate in cash, exclusive of all iucum-

brances

$

(i. Cash in office

7. Cash deposited in banks on reserved fund account.:

Alabama Penny Savings Bank

Furniture, safes and typewriters in several offices . . .

Total net or ledger assets .

$

4,477 51 273 60
1,200 00 1,140 00 7,091 11

V.--CONTINGENT ASSETS.

19. Dues due and unpaid on membership in

force

$

21. Total due from members

22. Deduct estimate cost of collection . . . .

23. Net amount due from members

Total assets

9,984 00 9,984 00 1,998 50
$

7,986 50 15,077 61

358

COMPTROLLER-GENERAL'S REPORT.

VII.--EXHIBIT OF CERTIFICATES OR POLICIES.

Total Business of 1902.
Policies or certificates written during the year 1902. Deduct number and amount which have ceased to
be in force during 1902

No.

Amount.

Sick Benefits, ete.

14736

9208

Total policies or certificates in force December 31, 1902
Losses and claims on policies or certificates incurred during the year 1902

5508 $

82,620 00 8,794 92

Total Losses and claims on policies or certificates paid
during the year 1902

8,794 92 S 8,794 92

HOME FRIENDLY SOCIETY, BALTIMORE, MD.

GEO. A. CHASE, President.

B. L. TALLEY, Secretary.

Principal Office, 100 W. Fayette Street, Baltimore, Md.

GEO. L. DEGANT, Atlanta, Attorney for Service In Georgia.

i.--BALANCE SHEET.

Amount of net or ledger assets December

31 of previous year

.....$

Extended

40,319 79 %

40,319 79

II.--INCOME DURING YEAR 1902.
Gross amount paid by members to the association or its agents, without deductions for commissions or other expenses, as follows:

1. Membership fees

$

3. Assessments

4. Stationery and duplicates

. .

Total paid by members

5. Interest

'

(i. Rents

7. Cash received from all other sources, viz.:

to agents repaid

Agents' cash bonds . . .

934 10 260,112 39
220 63 $
Advances

261,327 12 157 50
4,159 42
363 21 150 00*

Total income

$ 266,157 25.

in.--DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims

$

2. Annual payments and assessments re-

turned to members

140,168 78 326 94

Total paid to members

$ 140,495 72

COMPTROLLER-GENERAL'S REPORT.

3. Commissions and fees retained by or paid

to aSents

$

5. Salaries and traveling expenses of mana-

gers of agencies, and general, special and local agents 6. Medical examiners' fees, whether paid

direct by members or otherwise .... 7. Salaries and other compensation of officers

and other office employees 8. Rent, $3,230.00; taxes, $2,639.82

9. Advanced to officers and agents to be repaid out of future salaries or commissions

10. Advertising, blanks and printing .... 11. All other items, viz.: Postage, $438.35;

expense, $2,392.54 ; attorney fees, $352.00; furniture, $59.25

Agents' bonds, $25.00; building expense, $2,689.85; bills payable, $3,680.00; in-

terest, $582.08

Total disbursements

IV.--INVESTED ASSETS.
1. Cost value of real estate in cash, exclusive of all incumbrances
5. Cost value of bonds and stocks owned absolutely
6. Cash in office All other deposits: Old Town Bank, $7,774.25; Commonwealth, $16.26; Annapolis, Md., $27.50; Cumberland. Md., $161.90; Havre de Grace, Md., $34.02; Shenandoah, Pa., $201.65; Hazleton, Pa., $0.40 ; Wilkesbarre, Pa., $200 ; Charleston, 8. V., $64.65; total

Total net or ledger assets

52,479 47
24,172 83 2,389 45 20,246 21 5',869 82
1021 24 2,388 43
3 242 14
6,97 6 93 $.-
29,923 89 5j8S0 00 2 910 19
8,480 72 $

V.-CONTINGENT ASSETS.

12. interest due, $192.50, and accrued, $

13. Rents due, $180.00, and accrued, $

14. Market value ot real estate over cost

15. Market value of bonds and stocks over cost

17. Mortuary assessments due and unpaid on

memberships in force

$

$ 5,258 54

23. Net amount due from members

Total assets

$

VI.--LIABILITIES.

1. Losses due and unpaid. (Number of claims, 1)

$

Total liabilities

$

359
259,282 24
-1 r,194 80 192 50 180 00
14 ,486 11 170 00
5,258 54 67,481 95 1,000 00 1,000 00

360

COMPTROLLER-GENERAL'S REPORT.

VII.--EXHIBIT OF CERTIFICATES OK POLICIES.

Total Business of 1902.
No.
Policies or certificates in force December 31, 1901. . 59,654 Policies or certificates written during the year 1902. 28,185

Amount.
$ 4,272,880 00 1,972,950 00

Total

87,839 $ 6,245,830 00

Deduct number and amount which have ceased to

be in force during 1902

. . . 28,142 1,974,780 00

Total policies or certificates in force De-

cember 31, 1902

59,697

Losses and claims on policies or certificates unpaid

December 31, 1901

3

Losses and claims on policies or certificates incurred

during the year 1902

19,661

$ 4,271,050 00 $ 3,000 00
138.168 78

Total

19,664 $ 141,168 78

Losses and claims on policies or certificates paid

during the year 1902

19,663 $ 140,168 78

Business in Georgia during 1902.
No.
Policies or certificates in force December 31, 1901. . 2,718 Policies or certificates written during the year 1902. 1,424

Total

4,142

Deduct number and amount which have ceased to

be in force during 1902

1,153

Total policies in force December 31, 1902. Losses and claims on policies or certificates unpaid
December 31, 1901 Losses and claims on policies or certificates incurred
during the year 1902

2,989 1
1,549

Total

1,550

Losses and claims on policies or certificates paid

during the year 1902

1,550

Amount.
$ 190,260 00 99,680 00
$ 289,940 CO
73,880 00 $ 216,060 00
$ 1,000 00
7,267 00 * 8,267 00
$ 8,267 00

INDUSTRIAL AID ASSOCIATION OF ATLANTA, GA.

J. N. MCEACHERN, President.

I. M. SHEFFIELD, Secretary.

Principal Office, 503-509 Austell Building, Atlanta, Georgia.

MCELREATH & MCELREATH, Atlanta, Attorneys for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31 of previous

year

$

10,870 13

COMPTROLLER-GENERAL'S REPORT.

361

II.--INCOME DURING YEAH.

Gross amount paid by members to the As-

sociation or its agents without deductions

for commissions or other expenses, as fol-

lows :

1. Membership fees

$

2. Annual dues

9 298 25 200,805 60

Total paid by members 5. Interest
Total income

$ 210,103 85 470 QQ
$ 210,573 85

III---DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims : Deaths, 760--110,498.10;

weekly indemnity, $-13,029.10

$

2. Annual payments and assessments returned to members

53,527 20 586 35

Total paid to members

3. Commissions and fees retained by or paid

to agents

$

4. Commissions and fees retained by or paid

to officers and directors

5. Salaries and traveling expenses of managers

of agencies, and general, special and lo-

cal agents

6. Medical examiners' fees, whether paid di-

rect by members or otherwise

7. Salaries and other compensation of officers

and other office employees

8. Rents, 83,338.80; taxes, $2,857 18

10. Advertising, $271.54; blanks and printing,

$:',031.48

11. All other items, viz.: Postage and express,

$926 57 ; furniture, $278.55; telephone and

telegraph, $174.05; attorney's fee, $110.00 ;

sundries, $905.76; total

Total expenses

Total disbursements

$ 98,582 52 42,020 77

54,113 55

915 17
848 00 2,730 00 6,175 28 2,303 02

2,394 93 $ $

155,969 69 210,083 24

IV.--INVESTED ASSETS.

2. Loans on bond and mortgage (first liens)

on real estate

$

5, Cost value of bonds and stocks owned abso-

lutely

7. Cash deposited in banks on reserved fund

account

All other deposits : Third National Bank,

Atlanta, Ga

:

5,500 00 i;ooo 00
344 (34 1,37s 23

362

COMPTROLLER-GENERAL'S REPORT.

Maddox-Rucker Bank

$

8. Agents' ledger balances

9; All other ledger assets, viz.: Loan to Geor-

gia Loan Company, secured by mortgage

1,137 87 1,750 00
2,000 00

Total

$

11. Deduct depreciations from cost of assets to

bring same to market value

13,110 74 1,750 00

Total net or ledger assets, less depreciation.

.$

11,360 74

V.--CONTINGENT ASSETS.

12. Interest due, and accrued

15. Mirket value of bonds and stocks over cost.

19. Annual payments or premiums due and un-

paid on memberships in force

$

20. Annual payments or premiums in process

of collection not yet due

1,750 00 118,595 00

36 66 95 00

21. Total due from members

$

22. Dedu t estimated cost of collection

23. Net amonnt due from members 24. All other assets, viz.: Office furniture, $4,-
270.00; books and printing, 82,000.00; total

120,345 00 24,069 00 $
6.270 00

96,276 00

Total assets

$ 114,038 40

VI.--LIABILITIES.

8. To officers or others for advances on account of expenses

of organization

.

$

9. Amount of all other liability, viz.: Printing

Total liabilities



$

800 00 927 00
1,727 00

VII --EXHIBIT OP CERTIFICATES OR POLICIES.

Total Business of 19m.

No.

Amount.

Policies or certificates in force December 31, 1901. 37,926 $ 758,520 00

Policies or certificates written during the year 1902 74,5-17

1,490,940 00

Total

112,473 * 2,249,460 00

Deduct number and amount which have ceased to

be in force during 1902

57,807 1,156,140 00

Total policies or certificates in force December 31, 1902
Losses and claims on policies or certificates incurred during the year 1902

54,666 $1,093,320 00 760 if 15,200 00

Total

760

15,200 00

Losses and claims on policies or certificates paid

during the year 1902

760

15,200 00

COMPTROLLER-GENERAL'S REPORT.

363

Business in Georgia During 190-2-
No.
Policies or certificates in force December 31, 1901. . 34,363 $ Policies or certificates written during the year 1902 36,517

Amount.
687,260 00 735,340 00

Total

70,880 $ 1,417,600 00

Deduct number and amount which have ceased to

be in force during 1902

34 899

797,980 00

Total policies in force December 31,1902 35,981 $

Losses and claims on policies or certificates incur-

red during the year 1902

586 %

719,620 00 11,720 00

Total

586 $ 11,720 00

Losses and claims on policies or certificates paid during the year 1902

586 $

11,720 00

LABORERS' LIFE INSURANCE AND INDUSTRIAL AID ASSOCIATION, BUENA VISTA, GA.

Done no business in 1902.

W. C. SINGLETON, President.

T. B RAINEY, Secretary.

Principal Office, Buena Vista, Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31st of previous year

raised by assessment upon charter members

$

Deposited in Buena Vista Loan and Savings Bank

500 00 500 00

IV.--INVESTED ASSETS.
Total net or ledger assets

$ 500 0O

LOYAL PROTECTIVE ASSOCIATION OF BOSTON, MASS.

S. AUGUSTUS ALLEN, President.

FRANCIS R. PARKS, Secretary.

WM. A. WEIGHT, Atlanta, Attorney for Service in Georgia.

Principal office, Boston, Mass., 100 Boylston St., Rooms 1025-1028.

1.--BALANCE SHEET.

Amount of net or ledger assets December 31st of previous year.$ 28,628 74

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the association or its agents

without deductions for commissions or other expenses as follows :

1. Membership fees

if 42,010 00

2. Annual dues

40,435 00

3. Assessments

82 382 00

Total paid by members

$ 164,827 00

364

COMPTROLLER-GENERAL'S REPORT.

5. Interest Total income

$

601 35

$

Total

$

III.--DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims

$

2. Annual payments and assessments re-

turned to members

74,310 91 183 25

Total paid to members

74,494 16

3. Commissions and fees retained by or paid

to agents

41,087 45

4. Commissions and fees retained by or paid

to officers and directors

3,574 96

5. Salaries and traveling expenses of mana-

gers of agencies, and general, special and

local agents

16,142 85

7. Salaries and other compensation of offi-

cers and other office empkiyees ....

3,341 53

8. Rent, $1,350.00; taxes, $32.00

1,382 00

10. Advertising, blanks and printing ....

2,091 38

11. All other items, viz.: Postage, express

and telegraph, $2,471 83 ; legal expenses, .

$1,516.75; insurance department, $1,034.35;

collection expenses, $5,472.54; traveling

expenses, $1,387.40; badges,$450.43 ; mis-

cellaneous, $781.46 ; total

13,114 76

Total disbursements

$

165,428 35 194,057 09
155,229 09

IV.'--INVESTED ASSETS.

5. Cost value of bonds and stocks owned ab-

solutely, deposit State treasury

$

<>. Cash in office

7. Cash deposited in banks on reserved fund

acccount: National Bank Redemption,

Boston, $22,379.96; Westfield Massachu-

setts Savings Bunk, $10,353.00 ; total . .

Total



V.--CONTINGENT ASSETS.

12. Interest due, $

, and accrued

15. Market value of bouds and stocks over cost

Total



Total assets

5,262 50 832 54
32,732 96 $
$

38,828 00
293 56 2 25
295 81 39,123 81

COMPTROLLER-GENERAL'S REPORT.

365

VI.--LIABILITIES.

2. Losses in process of adjustment, or adj usted and not due

(number of claims, 36)

$

3. Losses reported for which assessments have not been

made. (Number of claims, 382)

'.

4. Losses resisted by the company. (Number of claims, 1)

6. For salaries, rents and office expenses

9. Amount of all other liability, viz.: Advance assessments

Total liabilities

,

1,666 00
16,483 00 200 00
3,821 30 217 50
22,390 80

VII--EXHIBIT OP CERTIFICATES OR POLICIES.

Total Business of 1902.
Policies or certificates in force December 31, 1901. . Policies or certificates written during the year 1902.

No.
9716$
8402

Total

17518

Deduct number and amount which have ceased to be

in force during 1902

3479

Total policies or certificates in force Decem-

ber 31, 1902

14039

Losses and claims on policies or certificates unpaid

December 31, 1902. (Includes four claims not

reported last year)

251

Losses and claims on policies or certificates incurred

during the year 1902

I869

Total

2120

Losses and claims on policies or certificates paid dur-

ing the year 1902

1701

Amount.
2,488,500 00 3,151,800 00 5,640,300 00 1,080,250 00
4,560,050 00
15,506 50 61,620 41 77,126 91 74,660 91

MERCHANTS' MUTUAL FIRE INSURANCE COMPANY OF MONROE, GA.

WM. H. NUXNALLY, President.

F. WADE VAUGHN, Secretary.

No business will be written before January 1, 1903.

11.--ASSETS.

Guarantee fund in negotiable notes and cash

$ 9,250 00

Deponents say that said company has not yet written any policies of Fire Insurance, and will not do so until January 1, 1903. That the guarantee fund and the premiums to be charged in advance on every policy to be issued by the company will enable said company to pay its losses to the full limit of its policies, so far as experience would go to show ; but that under its by-laws the company has the right to assess an additional premium on each policy-holder, which insures the payment of every policy held by members of this company, in the event of loss by fire of their property.

366

COMPTROLLER-GENERAL'S REPORT.

MUTUAL AID ASSOCIATION OF GEORGIA.

W. P. HIXSON, President.

C. C. NEEDHAM, Secretary

Principal Office, Broad Street, Augusta, Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31st of previous

year. .



$

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the As-

sociation or its agents without deduc-

tions for commissions or other expenses,

as follows:

1. Membership fees

$

2. Annual dues

206 38 5,154 49

Total paid by members Total income Total

5,360 87

III.--DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims. (Number claims, 421) . $ 2. Annual payments and assessments re-
turned to members

980 69 10 45

Total paid to members

3. Commissions and fees retained by or paid

to agents

5. Salaries and traveling expenses of manag-

ers of agencies, and general, special and

local agents . .

6. Medical examiners' fees, whether paid di-

rect by members or otherwise

7. Salaries and other compensation of officers

and other office employees

8. Rent, $72.00; taxes, $130.27

,.

10. Advertising, 50 cents; blanks and print-

ing, f 185.09

11, All other items, viz.: Postage, telegrams,

express, office supplies

Total

_

(Total expenses, 14,005.72.)

Total disbursements

991 14 "25 47
2,648 49 5 25
155 00 202 27 185 59
83 65 4,996 86

IV.--INVESTED ASSETS.
6. Cash in office 9. All other ledger assets, viz.: In hands of
directors

137 01 1,163 35

Total net or ledger assets, less depreciation

936 35 5,360 87 6,297 22
4,996 86 1|S00 36

COMPTROLLER-GENERAL'S REPORT.

367

V.--CONTINGENT ASSETS.
19. Annual payments or premiums due and unpaid on memberships in force .... $
20. Annual payments or premiums in process of collection not yet due

630 90 6 284 20

21. Total due from members 22. Deduct estimated cost of collection . . . .

6~915~10 1,383 12

23. Net amount due from members
21. Allother assets, viz.: Office furniture, $200.00; printed matter, $98.00

Total

VI.--LIABILITIES.
1. Losses due and unpaid. (Number of claims, 3) . . . .$ 4. Losses resisted by the company. (Number of claims, 1). 5. National, State, or other taxes due
Total liabilities

5 531 g8 298 00
'7,130 34
6 00 2 00 32 28 40~28

VII.--EXHIBIT OF CERTIFICATES OR POLICIES.

Total Business of 1902

n ii i

^.,,

No'

Policies or certificates in force December 31, 1901 . . 734

Policies or certificates written during the year 1902. 2,665

Total

3,399

Deduct number and amount which have ceased to

be in force during 1902

2,135

Total policies or certificates in force De-

cember 31, 1902

1,264

Losses and claims on policies or certificates unpaid

December 31, 1901

3

Losses and claims on policies or certificates incurred

during the year 1902

425

Total

428

Losses and claims on policies or certificates paid

during the year 1902

421

Amount. $20,169 00 58^089 00
78,258 00 43 374 00
34,884 00
4 00
988 69 992 69
980 69

Business in Georgia During 1902.

No.

Amount.

Same as above.

368

COMPTROLLER-GENERAL'S REPORT.

MUTUAL LIFE INSURANCE ASSOCIATION OF GEORGIA.

JAMES L. WEBB, President.

JOHN A. DARWIN, Secretary

E. K. LUMPKIN, Broad St., Athens, Attorney for Service in Georgia. Principal Office, 14 College Avenue, Athens, Ga.

II.--INCOME DURING YEAR 190:2.

Gross amounts paid by members to the

Association or its agents without de-

ductions for commissions or other

expenses, as follows:

1. Membership fees

!

2. Annual dues

3. Assessments

Total paid by members

$

Total

7,896 00 120 00 890 00
8,906 00

in. --DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims

$

Total paid to members 3. Commissions and fees retained by or paid

to agents 5. Salaries and traveling expenses of mana-
gers of agencies, and general, special and

local agents 7. Salaries and other compensation of offi-
cers and other office employees ....

8. Rent 10. Advertising, $260.00; blanks and printing,

$269.00 11. All other items, viz.: Office furniture

and fixtures



Freight, express, postage and exchange .

890 0 890 00 3,948 00
355 00
360 00 140 00 529 00 100 00 110 00

Total disbursements

S,006 00 6,432 00

IV.--INVESTED ASSETS.
6. Cash in office 7. Cash deposited in banks on reserved fund account
All other deposits, National Bank of Athens . . .
Total net or ledger assets
Business in Georgia during 1902.
No.
Policies on certificates written during the year 1902.. 1974
Total

200 00 1,974 00
300 00 2,474 00
Amount.
6,970 86

COMPTROLLER-GENERAL'S REPORT.

Total policiess in force December 31, 1902. 1974 Losses and claims on policies or certificates incurred
during the year 1902

Total

|

Losses and claims on policies or certificates paid

during the year 1902

369
890 00 890 00 7,860 S6

MUTUAL FIRE INDEMNITY ASSOCIATION OF AMERICA.

GEO. 2. MTJRPHEY, President.

J. J. SAXON, Secretary.

Principal,Office, 618 Broad Street, Augusta, Ga.

GEO. S. MTJRPHEY, Augusta, Attorney for Service in Georgia.

II.--INCOME DURING YEAR 1902.

Gross amount paid by members to the association or its agents, without deductions for commissions or other expenses, as follows :

2. Annual dues 3. Assessments

$ 10,000 00 1,075 03

Total paid by members

$ 11,075 03

Total income

$ 11,075 03

III.--DISBURSEMENTS DURING YEAR 1902.

3. Commissions and fees retained by or paid

to agents

,$

8. Rent, $ ; taxes

11. All other items

265 02 102 80 100 00

Total disbursements

$

407 go

IV.--INVESTED ASSETS.

7. Cash deposited in banks on reserved fund account:

Cash and demand notes, Equitable Trust Company,

Augusta, Ga,, at four per cent, interest

$

8. Agents' ledger balances : All transactions are cash.

9. All other ledger assets, viz.: All cash immediately de-

posited with Equitable Trust Company.

Total net or ledger assets

$

10,607 21 10,607 21

VI.--LIABILITIES.
Total liabilities : State tax for 1903 due in 1903.

VII.-- EXHIBIT OF CERTIFICATES OR POLICIES.

Total Business oj 1900. Policies or certificates in force December 31, 1902. .

No.

Amount.

37 $ 84,500 00

Total
24 in

37 $ 84,500 00

370

COMPTROLLER-GENERAL'S REPORT.

Business in Georgia during 1902.

No

Policies or certificates iu force December 31,1902.

37

Total

Amount. % 84,500 00
$ 84,500 00

SOUTHERN MUTUAL LIFE INSURANCE ASSOCIATION.

ALLEN D. CANDLBR, President.

JOHN N. HOLDER, Secretary.

Principal Office, 305 and 306 Century Building, Atlanta, Ga.

STATE MUTUAL LIFE AND ANNUITY ASSOCIATION.

THOMPSON HILES, President.

CHARLES S. SPARKS, Secretary.

Principal Office, 225 Broad Street, Rome, Ga.

DEAN & DEAN, Rome, Attorney for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December

31st of previous year

$

Extended

121,738 85 $

121,738 85

ii.--INCOME DURING YEAR 1902.

Gross amount paid by members to the association or its agents, without deductions for commissions or other expenses, as follows :

1. First premiums 2. Renewal premiums

if 58,996 28 51,935 26

Total paid by members . :

$

5. Interest

7. Cash received from all other sources, viz. : Assets other

than first premiums from other companies reinsured .

110,931 54 4(203 57
31,303 59

Total income

$ 146,438 70

III.--DISBURSEMENTS DURING YEAR 1902.

1. Losses and claims

$

2. Returned to members in reduction of pre-

miums

7,100 00 2,432 65

Total paid to members 3. Commissions and fees retained by or paid
to agents 5. Salaries and traveling expenses of mana-
gers of agencies, and general, special and local agents

,$ 46,633 18
8,706 79

9,532 65

COMPTROLLER-GENERAL'S REPORT.

%. Medical examiners' fees, whether paid direct by members or otherwise .... $
7. Salaries and other compensation of officers and other office employees
8. Rents, $570.00; taxes, $737.86 10. Advertising, $804.67; blanks and printing,
$1,220.04 11. All other items, viz.: License and fees, $1,477.65; stamps, $374.42
Office expense, $415.98; legal fees, $722.13; express and discounts, $14.88
Inspection of risks

4,025 75
9,706 96 1,307 86
2,024 71
1,852 07
1,162 99 10 95

Total miscellaneous expenses

$

Total disbursements

$

371
75,421 26 84,953 91

IV.--INVESTED ASSETS.

1. Cost value of real esfate in cash, exclusive of all incum-

brances

$

2. Loans on bond and mortgage (first liens) on real estate..

5. Cost value of bonds and stocks owned absolutely . . . .

6. Cash in office and bank

7. Cash deposited in banks on reserved fund account:

Exchange Bank, Rome, Ga

First National Bank, Rome, Ga

All other deposits: Floyd couuty warrants

8. Agents' ledger balances

9. All other ledger assets, viz.: Premium notes on associa-

tion's own policies in force

Office furniture,$1,034.99; bills receivable (secured), $30,-

000.23

Total net or ledger assets

$

1,196 37 2,150 00 38,752 50 4,689 56
25,000 00 16,000 00 2,000 00 21,476 26
40,923 73
31,035 22 183,223 64

V.--CONTINGENT ASSETS.

12. Interest due, $341.17, and accrued, $50.49

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

$
4,296 01 12,451 04

21. Total due from members

$

22. Deduct estimated cost of collection (five

percent.)

16,747 05 837 35

23. Net amount due from members

$

Total assets

$

391 66 475 00
15,909 70 200,000 00

372

COMPTROLLER-GENERAL'S REPORT.

VI.--LI A BILITIES.

2. Losses ill process of adjustment (number of claims, 1) . $ 4. Losses resisted by the company (number of claims two). 5. National, State or other taxes due : South Carolina,
$4.65 ; Virginia, $73.55; Alabama, $296.41; North Carolina, $29.37 9. Amount of all other liabilities, viz.: Advanced reserve on deposit and with State Treasurers for the protection of policy-holders Premiums paid in advance Present value of future payments on annuity claims discounted at four per cent Surplus over all liabilities (ledger and contingent) . . .

Total liabilities

$

2,000 00 6,000 Oft
403 98
79,152 50 1,302 65 20,924 00 90.216 87 200,000 00'

VII.--EXHIBIT OF CERTIFICATES OR POLICIES.

Total Business of 1902.

No.

Policies in force December 31, 1901

1,152

Policies written and revived during the year 1902 . 1,798

Amount. $3,106,500 00
2,972,250 00-

Total

2,950

Deduct number and amount which have ceased to

be in force during 1902

563

$ 6,078,750 00 1,372,000 00

Total policies in force December 31, 1902. 2,387

Losses and claims on policies unpaid Dec. 31, 1901|. 3

Losses and claims on policies incurred during the

year 1902

8

* 4,706,750 00 $ 9,000 00
15,000 00-

Total

11

Losses and claims on policies paid during the year

1902

*Paid as an annuity.

Business in Georgia during 1902.

Policies in force December 31, 190!

No.
. 798

Policies written and revived during the year 1902 . 1,296

$ 24,000 00 $ 7fioo 00-
Amount.
$ 2,191,5C0 00 1,914,250 00

Total

2 094

Deduct number and amount which have ceased to

be in force during 1992

382

$ 4,105,750 00 944,500 00

Total policies in force December 31, 1902. 1,712

Losses and claims on policies unpaid Dec. 31, 1901 . 3

Losses and claims on policies incurred during the

vear 1S)02

5

Total

8

Losses and claims on policies paid during the year

1902

*Pahl ;is an annuity.

% 3,161,250 00 $ 9,000 00
10,000 00 $ 19,000 00
$ *5,650 00

COMPTROLLER-GENERAL'S REPORT.

373

vETNA INDEMNITY COMPANY, HARTFORD, CONNECTICUT.

CHAS. N. LIXDLEY, President.

E. S. PEGRAM, Secretary.

SHEPARD BRYAN, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $1,000,000.00; sub-

scribed for

$

2. Amount of capital paid up in

cash

5,000,000 00 5,000,000 00

Amount of net ledger assets December 31

of previous year

$

Increase of capital during 1902

Extended at

336,002 91 250,000 00
$

586,002 91

II.--INCOME DURING YEAR.

As Shown by Books at Home Office, December 31st.

Fidelity and
Surety . 1. Gross premiums unpaid De-

Plate Gla-s.

cember 31, last year paid. .$ 11.593 53 $ 9,849 37

2. Gross premiums written and

renewed during year

180,691 83

58,072 98

Total 3. Deduct gross premiums now
in course of collection....

192,285 36 22,868 97

67,922 35 13,122 28

4. Entire premiums collected during the year
5. Deduct reinsurance, abatement, rebate and return premiums

169,416 39 20,292 21

54,800 07 2.194 73

6. Net cash actually received for premiums (carried out)... 149,124 18
10. Interest on bonds and dividends on stocks. 11. Interest upon other debts due the company
and on deposits in bank

52,605 3411,890 00
838 08

Total interest 14. Income from all other sources, viz.: Ten per cent, pre
miums on increased capital stock

Total income during the year

$

Sum

$

201,729 52
12,728 08 25,000 00 239,457 60 825,400 51

374

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING YEAR.

As Shoivn by Books at Home Office, December 31st.

Fidelity and

Surety.

Plate Glass.

Gross amount paid for claims

excepting weekly indem-

nity

$ 36,605 77 $ 18,305 88

Totals Deduct reinsurances, sal-
vages and recoveries on losses previously paid

36,605 77 7,446 54

18,305 88 267 41

Net paid policy-holders? 29,159 23 Commissions or brokerage to agents, less
received on reinsurance Salaries, travelingandall expenses of agents
and agencies not on commission account. Salaries and all other compensation of
officers, $7,891.67; and home office employees, $7,550.97 Taxes on premiums, $2,305.08; insurance department fees and agents' licenses, $3,748.21; municipal licenses, $578.19.... 10. Rent 11. Legal expenses 12. Furniture and fixtures, $2,085.80; advertising, $1,059.11; printing and stationery, $4,854.33 14. All other items, viz.: Home office sundries, $2,790.29; postage, $1,421.91; travel, $721.13; tax on capital stock, $2,187.50; internal revenue, $63.07
Total miscellaneous expenses

18,038 47--$ 47,197 70' 46,962 61 52,494 11
15,442 64
6,631 48 8,085 88 14,207 89
7,999 24
7,183 90 .$ 159,007 75-

Total disbursements

$ 206,205 45-

IV.--LEDGER ASSETS.

As per Ledger Accounts, Shoivn by the Books at Home Office at Closeof Business December 31st.

4. Book value of bonds (excluding interest),

$285,736 75; and stocks, $33,335.00

$

5. Cash deposited in banks, Hartford: U. S.

Bank, $14,498.97; Connecticut Trust Co.,

$3,151.18; Hnrtford Trust Co., $12,436.00;

Security Co., $12,300.00; New York:

7th National. $191,521.04; Merchant's

National, $3,584.58; Empire State Trust

Co., $40,362.85; McVickar Kealty Trust

Co., $1,000.00; Chicago: Federal Trust

Co.. $20,000.00; F. N. Hayden. Manager,

$500.00; Philadelphia: Geo. D. Weaver,

Manager, $100.00; San Francisco: W. A.

Powning Co., $250.00

319,071 75 299,704 62

COMPTROLLER-GENERAL'S REPORT.

375

7. All other items, viz.: Non-resident stock-

holders' tax account

$

Total

.$

9. Total net ledger assets.

478 60 619,255 06
.$

619,255 06

NON-LEDGER ASSETS.

11. Interest due, $2,257.50; and accrued, $1,-

737.13 on bonds and stocks

$

13. Interest due $ ; and accrued on other

assets

3,994 63 282 25

15. Total outstanding interest 17. Market value of bonds and stocks over book value.

4,276 88 7,054 07

Not over three Unpaid Com- Net pre- More than 3

months due. mission

miums. months due

tiereon.

(not carried in.)

Fidelity and

surety. .. $ 16,022 05 $ 3,204 41 $ 12,817 64 $ 6,846 92

Plate Glass. 11.767 76 3,530 32 8,237 44 1,354 52

$ 27,789 81 I 6,734 73 $ 21,055 08 $ 8,201 44

Total net not over three months due

1

Gross assets

$

21,055 08 651,641 09

V.--NON-LEDGER LIABILITIES.

Fidelity and surety. Plate Glass

In process of adjustment
! 7,322 15 906 09

Known or estimated, proofs not filed.
$ 10,000 00

1. Total gross amount of claims? 8,228 24 $ 10,000 00

3. Net amount of unpaid claim

account

$ 8,228 24 $

Aggregate of unpaid claims and expenses

4. Gross premiums upon all unexpired risks,

running one year or less from date of

policy:

Fidelity and' surety pre-

miums, $164,432.71; un-

earned portion (50 per cent)$ 82,216 35

Plate Glass premiums, &56,-

388.86; unearned portion

(50 per cent.)

28,194 43

10,000 00 .$

Total one year or less

$ 110,410 78

6. Total unearned premiums, as computed above (carried

out)

$

18,228 24 110,410 78

376

COMPTROLLER-GENERAL'S REPORT.

8. Salaries, rent, expenses, taxes, bills, accounts, fees, etc.,

due or accrued

$

11. All other liabilities, viz.: Premiums paid in advance

1,373 99 810 60

Total amount of all liabilities 12. Joint-stock capital actually paid up in cash .$ 13. Surplus beyond capital and other liabilities.

$ 130,823 61 500,000 00 20,817 48-- 520,817 48

Total

$ 651,641 09

Business in the State of Georgia During the Year.

Fidelity Surety Plate Glass
Aggregates

Risks Written.
$ 71,500 00 699,250 SO 964 25

Premiums re- Amount at risk

ceived.

end oi year.

$ 302 00 $ 7L,500 00

2,282 12 699,250 80

19 03

964 25

.$ 771,715 05 $ 2,603 15 $ 771,715 05

-ETNA ACCIDENT INSURANCE COMPANY, HARTFORD, CONN.

M. G. BULKELEY, President.

J. L. ENGLISH, Sec'y Life Dept.

WALTER G. FAXON, Sec'y Accident aud Liability Dept.

Home Office, 650 Main Street, Hartford, Conn.

W. E. HAWKINS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $2,000,000; sub-

scribed for

$ 1,750,000 00

2. Amount of capital paid up in

cash

1,750,000 00

Amount of net ledger assets December 31

of previous year

$56,160,854 22

Extended at

$ 56,160,854 22

II.--INCOME DURING YEAR.

As shown by the boohs at home office at close of business, December 31, 1902.

Accident.
1. Entire premiums col-

Liability.

Health.

lected during the

year

$1,466,872 57 $242,389 61 $104,672 11

2. Deduct reinsurance

aud return pre-

miums

48,119 88 5,81182 3,38130

3. Net cash actually re-

ceived for pre-

miums (carried

ut

1,418,752 69

236,577 79

101,290 81 $ 1,756,621 29

COMPTROLLER-GENERAL'S REPORT.

377

4. Rents from company's property, including

$16,000.00 for company's use of own

building

$ 37,172 80

5. Interest on loans on mortgages of real es-

tate

1,194,972 18

6. Interest on collateral loans, including pre-

mium notes, loans or liens

197,721 40

7. Interest on bonds and dividends on stocks 913,135 46

8. Interest upon other debts due the com-

pany and on deposits in bank

69,219 07

Discount on claims paid in advance

2,576 15

Total rents and interest 9 Profit on sale or maturity of securities
Revenue stamps redeemed

$ 2,414,797 06 177,527 51
214 59 177,742 1

Premium income, life business Total income during the year

4,349,160 45 8,467,639 64
12,816,800 09

Sum of both amounts

68,977,654 31

III.--DISBURSEMENTS DURING YEAR.

As shown by the books o.t home office at close of bminess, December 31, 1902.

Accident. Liability. Health.

1. Gross amount paid for

claims excepting

specific and week-

ly indemnity $ 182,474 40 $5,004 34

2. Gross amount paid

for weekly or other

specific indemnity 453,519 41

$51,550 02

Total

635,993 81 5,004 34 51,550 02

5. Deduct reinsurance. 2,328 76

100 0C

Net paid policy-holders (carried out). . 033,665 05 5,004 34
4. Stockholders for interest or dividends (amount declared during the year)
5. Commissions or brokerage to agents, less received on reinsurance
6. Salaries, traveling, and all expenses of agents and agencies, not on commission account
7. Medical examiners' fees and salaries 8. Salaries and gX\ other compensation of of-
ficers and home office employees 9. Taxes on premiums, $23,054.84; tax on
franchise, $197.50; insurance department fees and agents' licenses, $2,052.84; municipal licenses, $906.67; revenue, $93.69. 10. Rent

51,450 02 43,750 00 571,751 80
34,051 47 9,792 01 52,447 42
26,305 54 14,913 77

690,119 41

378

COMPTROLLER-GENERAL'S REPORT.

11. Legal and loss expenses

$ 12 182 84

12. Furniture and fixtures, $8,441.80; adver-

tising, $7,374.54; printing and station-

ery, $32,526.33

48)34o 67

14. All other disbursements (profit and loss ac- V

count must be itemized): Postage, $14,-

109.80; express, $3,908.52; expense, $5,-

994.67; profit and loss (agents' balances),

$18.62

24,031 61

Total miscellaneous expenses

,$

Total disbursements, accident, liability and health busi-

ness

Total disbursements, life business

837,569 13
1,527,688 54 7,681,001 01

Total disbursements

9,208,689 55

IV.--LEDGER ASSETS.
As per ledger accounts shown by the books al home office at close of business December 31, 1902.

1. Book value of real estate unincumbered.. .$ 669,543 12

2. Mortgage loans on real estate, first liens.. . 27,303,046 82

3. Loans secured by pledge of bonds, stocks,

or other collaterals

1,009,024 17

4. Book value of bonds (excluding interest),

$1S,355,404.53 ; and stocks, $4,336,897.04. 22,692,301 57

5. Cash in company's office, $428,369.08 ; de-

posited in banks. $4,868,741.94

5,297,111 02

6. Bills receivable, $25,384.22; agents' debit

balances, $28,546.40

53,930 62

Loans made to policy-holders on this com-

pany's policies assigned as collateral

2,379,915 00

Premium notes or liens on policies in force,

of which $7,694.26 is for first year's pre-

miums

396,153 38

Total

59,801,025 70

DEDUCT LEDGER LIABILITIES.

8. Agents' credit balances, $29,809.92; all other, $2,251.02

32,060 94

Total net ledger assets

$59,768,964 76-

NON-LEDGER ASSETS.
9. Interest due, $37,190.89 and accrued, $386,598.37 on mortgages
10. Interest due, $18,837.52 and accrued, $128,675.84 on bonds and stocks
11. Interest due, $9,317.94 and accrued, $1,975.00 on collateral loans
12. Interest accrued on other assets

423,789 *26
147,513 36
11,292 94 220 76

COMPTROLLER-GENERAL'S REPORT.

379

Interest due, $244,6-16.34 on premium notes,

loans or liens

$

13. Rents due $75.00 and accrued, $2,270.33 on

company's property or lease

244,646 34 2,345 33

14. Total outstanding interest and rents

$ 829,807 99-

16. Market value of bonds and stocks over book value

2,232,063 17

27. Gross premiums in course of collection, to wit: Net

amount of uucollected and deferred premiums

614,895 53-

Gross assets

63,445,731 45

DEDUCT ASSETS NOT ADMITTED.

1. Agents' debit balances, unsecured, $18,373.28; bills receivable, unsecured, $25,384.22,
2. Premium notes, loans or liens, and premiums in item 17 in excess of reserve on policies

43,757 50 759 88

Total Total admitted assets

44,517 33. 63,401,214 07

Accident Liability Health

V.--NON-LEDGER LIABILITIES.

Resisted by Co.

In process

Known or on its own ac-

of

estimated ;

count (not

adjustment. proof-i not fl ed. outlawed.)
$ 45.794 21 $10,000 00 $80,985 20

6,600 00

13,800 09

3,022 88

130 00

1. Total gross amount

of claims

55,417 0!)

10,000 00

94,915 20

3. Net amounts of un-

paid claim ac-

account

55,417 09 10,000 00

Aggregate of unpaid claims and expenses...

4. Gross premiums upon all unexpired risks,

running one year or less from date of

policy :

Accident premiums, $890,-

905.61; unearned portion

(50 percent.)

$ 445,452 80

Liability premiums, $225,-

554.11; unearned portion

(50 per cent.)

112,777 05

Health premiums, $96,517 87;

unearned portion (50 per

cent.)

48,258 94

Deduct reserve on risks issued in other

companies, $14,837.18

94,915 20
606,488 79 7,418 58

160,332 29

Total, one year or less

599,070 21

380

COMPTROLLER-GENERAL'S REPORT.

5. Gross premiums upon all unexpired risks,

running more than one year from

date of policy:

Accident premiums,$6,752.54;

unearned premium,by spe-

cial tables

$ 25,812 00

Employers' liability pre-

mium, $3,344.85; unearned

premium by special tables

2,787 38

Total more than one year.

28,599 38

Total unearned premiums and reserve, as computed

above (carried out)

$

8. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued, accident, liability and health busi-

ness

627,669 59 1,000 00

Total liabilities, accident, liability and health business. 789,001 88

Total liabilities, life business

57,113,675 80

Total liabilities

57,902,677 68

12. Joint-stock capital paid up in cash

1,750,000 00

13. Surplus beyond capital and other liabilities 3,748,536 39 5,498,536 39

Total

63,401,214 07

Business in the State of Georgia during the Year.

Risks Written. Accident...$12,550,800 00 Liability...
Health

Premiums Received. $53,152 80
1,044 50
3,456 42

Losses Paid. $33,520 71
3 00
3,253 21

Losses Amount at Risk. Incurred. EndofYear. $25,745 91 $7,326,350 00
3 00
3,192 50

Aggregate.$12,550,800 00 $57,653 78 $36,770 92 $28,94141 $7,326,350 00

AMERICAN BONDING COMPANY OF BALTIMORE, MD.

JAMBS BOND, President.

SAMUEL. H. SHRIVER, Sec'y and Treasurer.

Principal Office, Equitable Building, Baltimore, Md.

E. M. DURANT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 1,000,000 00 $ 1,000,000 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)

69 569 26 46,461 19

COMPTROLLER-GENERAL'S REPORT.

381

Interest due on all said bond and mortgage loans,

$720.95; interest accrued thereon, 1343.93; total. . . $

1,064 88

Amount of other loans

189,275 61

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value 1,446,626 00 18, Cash belonging to the company deposited in

bank

$ 109,608 88

Atlas National Bank of Cincinnati, Ohio,

$4,147.68; First National Bank, of Denver,

Col., $2,354.54; National Bank of .Com-

merce, N. Y., $10,842.88; Maryland Trust

Co., $20,000.00; total

146,953 98

Total cash items

.

15. Interest due and accrued on stocks not included in

"market value " uucollected

16. Interest due and accrued on collateral loans and uncolJected

17. Cash in hands of agents and in course of transmission. 18. Furniture and fixtures

Accounts received secured

Interest due and accrued on other assets

146,953 98
10,636 63
2,626 S6 85,528 35
1 00 155,363 18
1,523 33

Total assets of the company, actual cash market value
Deduct ledger liabilities, borrowed money, $100,000.00 ;
all other, $356,322.03

2,155,630 27 456,322 0

Gross assets

$ 1,699,308 24

III.-- LIABILITIES.

Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

: $ 70,885 70

11. Total unearned premiums as computed above (carried

out)

'

$

10. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Reinsurance

294,888 76 1 083 20

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 ....

366,857 66 1,000,000 00
332,450 58

24. Aggregate amount of all 'liabilities, including capital

paid up and net surplus

$ j,699,308 24

IV.-- INCOME DURING THE YEAR. Fidelity and

Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 94,769 86

382

COMPTROLLER-GENERAL'S REPORT.

Gross premiums on risks written and re-

newed during the year

$ 666,190 98

Total

760,960 84

Deduct premiums and bills in course of col-

lection at this date

105,689 64

7. Entire premiums collected during the year 655,271 20 8. Deduct reinsurance and return premiums . 76,083 57

9. Net cash actually received for premiums (carried out) . $

10. Received for interest on bonds and mortgages? 6,284 17

11. Received for interest and dividends on

stocks and bonds, collateral loans, and

from all other sources

66,631 40

12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz.: Rents . . .

13. Profits on investments

15. Aggregate amount of income actually received during

the year in cash

$

V--EXPENDITURES DURING THE YEAR.

Gross amount actually paid for losses . . $ Deduct 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,! ; total deductions . . . .

Surety.
179,891 55
25,487 98

Net amount paid during the year for losses. . . . $ Cash dividends actually paid stockholders (amount of
stockholders' dividends declared during the year) . . Salaries officers and home employees Paid for commissions or brokerage 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 9. All other payments and expenditures, viz.: Inspection,
$6,768.87; traveling expenses, 2,036.43; legal expenses, $13,823.28; rep. on real estate, $41.68; furniture and fixtures, $4,593.91; advertising, $19,802,58; printing and stationery, $13,561.10; rent, $8,457.50; loss and interest, $6,712.83; detective and arrest, $13.05 ; ins., $407; telephone and telegraph, $5,86061; postage, $9,553.34; auditing expense, $1,031.46; development expenses, $12,791.44; general expenses, $4,390.12; express, $1,043.40; exchange, $104.36; total

Aggregate amount of actual expenditures during the year in cash

579,187 63 72,915 57 560 58 6,019 16 658,682 94
154,403 57 80,000 00 8,188 07 120,698 71 46,605 56 32,173 81
110,590 03 602,659 75

COMPTROLLER-GENERAL'S REPORT.

383

Business in the State of Georgia during the Year.

Surety risks written Premiums received (gross) .

$ gjTM**T, ,,-- aK

^Lo08sSseeSs iPnacldurr ed"

12,934 89
14644 g9

THE AMERICAN CREDIT-INDEMNITY COMPANY OP NEW YORK.

S. M. PHELAN, President.

E. M. TKEAT, Secretary.

Princical Office, 302 Broadway, New York City.

WM. A. WEIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock ....

2. Amount paid up in cash

$ 800,000 00

800,000 00

II.--ASSETS.

Account stocks and bonds owned absolutely by the company/

Par Value.
444 U. S. three per cent,

Market Value.

coupon bonds, Act June

13, 1898 .

$ 380,000 00 $ 413,250 00

186 U. S. two per cent, cou-

pon bonds, Act March 14, 1900
3 U. S. two per cent. reg.

195,000 00

214,012 50

bonds, Act March 14, 1900. 25,000 00 25 Missouri R. R. five per

27,250 00

cent, bonds (5-20)

25,000 00

26,000 00

9. Total par and market value

of stocks and bonds owned

absolutely by the company 625,000 00 12. Cash in company's principal office . . . . | 13. Cash belonging to the company deposited

680,512 50 7,500 72

in bank: Third National Bank, $55,-

461.53; Colonial Trust Co., two percent,

on daily balances, $60,825.21; Mississippi

Valley Trust Co., two per cent, on daily

balances, $79,502.71; total

195,789 45

Total cash items

*

14. Amount of premium notes upon which policies have been issued

15. Interest due and accrued on stocks not included in

" market value," uncollected

203,290 17 88,039 66 3,449 14

384

COMPTROLLER-GENERAL'S REPORT.

16. Certificate of deposit in Mississippi Valley Trust Co.,

three per cent

750,000 00

17. Gross premiums in course of collection

96,888 00

18. Bills receivable

4,653 81

19. Accounts owned, purchased on payment of losses . . .

29,449 45

20. Furniture and fixtures

29,306 84

21. Agents' balances

15,778 12

*

--

1,220,855 19

1,901,367 69

Less, No, 18, $4,653.81 ; less No. 21, $15,778.12; less No.

20, $29,306.84; total



49,738 77

Total assets of the company, actual cash market

value

$ 1,851,628 92

III.--LIABILITIES.

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

50,246 00 3,416 00

4. Total gross amount of claims for losses . . $ 53,662 00

6. Net amount of unpaid losses

$

7. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running one year or less

from date of policy

.$ 1,388,9S1 52

Unearned premiums (fifty per cent.) . . . 694,490 76

53,662 00

11. Total unearned premiums as computed above(carried out) 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Agents' commissions on premiums in course of collection

694,490 76 8,443 88

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

756,596 64 800,000 00 295,032 28

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,851,628 92

IV.--INCOME DURING THE YEAR.

, ^,
1. Gross premiums and bills in course of col-

Credit.

lection at close of last previous year, as

shown by that year's statement .... if 44,680 00

2. Deduct amount of same not collected . . .

20,340 00

3. Net collected

24 340 00

COMPTROLLER-GENERAL'S REPORT.

385

4. Gross premiums on risks written and re-

newed during the year

$ 1,477,893 62

5- Total

$ 1,502,233 62

6. Deduct premiums and bills in course of

collection at this date

96,888 00

7. Entire premiums collected during the year 1,405,345 62

8. Deduct return premiums

8,978 13

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 Received from accounts owned, purchased on payment
of losses 13. Received for calls on capital, $ ; for in-
crease capital, $600,000.00; total .... $ 600,000 00
14. Premium paid in on increase capital stock 150,000 00

1,396,367 49 19 984 99 5,503 26
750,000 00

15. Aggregate amount of income actually received during

the year in cash

$ 2,171,855 74

V.--EXPENDITURES DURING THE YEAR.

Credit.
1. Gross amount actually paid for losses ... $ 635,258 24

3. Net amount paid during the year tor losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders'dividends declared during the year). . . 6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers

clerks, agents and all other employees

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz.: Legal, $6,-

516 36; rent, $16,019.70; postage, $5,514.92; telegraph,

$2,953.94; traveling expenses, $8,160.57; expense, $5,-

407.89; exchange, $2,064.79; printing and stationery,

$6,633.10; advertising, $22,626.72; agencies, $2,816.85; profit and loss, 8634.43

(535 255 24 86,000 00 378 438 10 g] 8I4 -Q 17,347 44
79 3^g Q_

Aggregate amount of actual expenditures during""

the year in cash

% 1)258i207 7-

Business in the State of Georgia during the Year.

C,,re,d.it,r.i,sks wri.t..ten Premiums received (gross) Losses Paid Losses incurred
25 in

Credit Risks.
$ 273goo QQ
16810 00

''.'.

15,906 io 15 90C 10

386

COMPTROLLER-GENERAL'S REPORT.

THE AMERICAN SURETY COMPANY OF NEW YORK, N. Y.

H. D. LYMAN, President.

H. B. ZEVELY, Secretary.

Home Office, 100 Broadway, New York City.

MABION M. JACKSON, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

2. Amount of capital paid up

in cash

$ 2,500,000 00

Extended

$ 2,500,000 00

Amount of net ledger assets December 31st

of previous year

$ 5,037,607 46

Extended at

$ 5,037,607 46

II.--INCOME DURING YEAR.

As shown by the books at home office, December 31st.

Fidelity.

1. Gross premiums

unpaid Dec. 31st,

last year paid. . $ 29,245 14

2. Gross premiums

written and re-

newed during

year

696,003 87

Surety.
$ 160,011 13 686,472 43

Total .... $725,249 01

3. Deduct gross pre-

miums now in

course of collec-

tion

68,166 21

$ 846,483 56 188,896 38

4. Entire premiums collected during the year .... $657,082 80 $ 657,587 18
5. Deduct reinsurance, abatement, rebate and return premiums . . . 75,143 08 145,920 21

6. Net cash actually

received for pre-

miums

$581,939 72 $ 511,666 97

Carried out

7. Rents from company's property, including

$30,000.00 for company's use of own

building

$

8. Interest on loans on mortgages of real

estate

$ 1,093,606 69
245,372 13 206 25

COMPTROLLER-GENERAL'S REPORT.

337

9. Interest on collateral loans

$

10. Interest on bonds and dividends on stocks.

11. Interest upon other debts due the company

and on deposit in bank

3 878 20 61,825 00
5 610 17

Total interest

$ 316)S91 75

Total income during the year
Sum

1,410 498 44 $ 6,448,105 90

HI---DISBURSEMENTS DURING YEAR.

As shown by books at home office December 31st.

,1. O-, ross amount pai.d, Fidelity. for claims, excepting weekly
indemnity . . . $193,844 88

Surety.
$ 303.800 19

Total.... $193,844 88 -3. Deduct reinsur-
ance, salvages and recoveries on losses pre-
viously paid . . 82,608 74

$ 303,800 19 149,506 58

Net paid policy-holders . . . $111,236 14 $154,293 61

cu ,uE^eUded

I

4. ^stockholders for interest or dividends (amount declared

during the year)

5. Cost of adjustment and legal expenses in

settlement of claims

* 14 537 9g

6. Commissions or brokerage to agents, less

received on reinsurance

5g 333 30

7. Salaries, traveling and all expenses of

agents and agencies not on commission

account

221 253 04

8. Medical examiners' fees and salaries,? ;

inspections

2 784 53

9. Salaries and all other compensation of

officers, $34,100.00; and home office em-

ployees, $161,822.64

195,922 64

.10. Tax on franchise, $ ; taxes on pre-

miums, $14,170.04; taxes on investments,

$19.00; insurance department fees, $1,-

795.08; agents'licenses, $1,462.17 ; muni-

cipal licenses, $1,382.67; legal expenses,

$2,067.70; internal revenue, $1,494.55;

agents'taxes, $1,031.24

' 23,422 51

11. Furniture and fixtures, $5,983.55; adver-

tising, $5,312.60; printing and stationery,

$18,364.46

29,660 61

265,529 75 200000 ^

388

COMPTROLLER-GENERAL'S REPORT.

12. Rent (including $30,000.00 for company's

use of own building)

$

13. All other items

Total management expenses

14. Taxes on real estate, $75,122.26; real estate,

repairs and expenses (other than taxes),

$84,071.28

15. Losses on .ledger assets actually sold or

matured, under book value: Real estate,

$7,350.00; securities, $86.09

'

16. Interest Total miscellaneous expenses Total disbursements

30,000 00 42>732 55
$

618,651 46

159,193 54

7,436 09 Ls'59 90

168,589 53 1,252,770 74

IV.--LEDGER 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) $ 3,013,217 16

2. Mortgage loans on real estate (first liens) .

2,500 00

3. Loans secured by pledge of bonds, stocks

or other collaterals

128,154 62

4. Book value of bonds (excluding interest,

$820,925.35, and stocks, $799,343.75) . . . 1,620,269 10

5. Cash in company's office, $1,514.27; de-

posited in banks, $455,109.83

456,624 10

Total

5,220,764 98

8. Deduct ledger liabilities: Agents' credit

balances, $11,997.07; borrowed money, $ ; allother, $13,432.75

?5,429 82

Total net ledger assets, as per balance

$ 5,195,335 IS-

NON-LEDGER ASSETS.

11. Interest due, $5,748 75, and accrued, $

on bonds and stocks

$

14. Rents due, $7,970.76, and accrued, $8,458.34

on company's property or lease ....

5,748 75 16,429 10

15. Total outstanding interest

$

17. Market value of bonds and stocks over book value, not

including interest in item 11

22,177 85169,428 53

Not over three Unpaid months due. Commissions
thereon.

Net Pre-

More than

miums. three months due.

(not carried in.)

Fidelity.$ 61,478 94 $2,935 50 $ 58,543 44 $ 6,687 27

Surety . 80,356 02 2,113 06 78,242 96 108,540 36

$141,834 96 $5,048 56 $136,786 40 Total net not over three months due

136,780 40

Total admitted assets

I 5,523,727 94

COMPTROLLER-GENERAL'S REPORT,

389

V.--NON-LEDGER LIABILITIES.

Fidelity Surety

In process of adjustment.

Known or estimated : Proofs not filed.

$ 111,074 00 $ 137,900 00

Resisted by Company on it 5
own account and on account
f its clients. (Not outlawed.)
$ 22,238 51 65,349 88

1. To tal gross amount of claims .... $ 111,074 00

137,900 00 $ 107,588 39

3. Net amount of unpaid claim account ... $ 111,074 00 $ 137,900 00 $ 107,588 39

Aggregate oV unpaid claims and expenses

$

4. Gross premiums upon all uu-

expired risks, running one

year or less from date of

policy:

Fidelity, premiums,$596,224.52;

unearned portion (50 per

cent.)

$ 298,112 26

Surety, premiums, $566,299.48;

unearned portion (50 per

cent.)

383,149 74

Total, one year or less

$

5. Gross premiums upon all un-

expired risks, running more

than one year from date of

policy:

Surety, premiums, $154,808.01;

unearned premium(pro rata) $ 86,389 27

581,262 00

356,562 39

Total more than one year

86,389 27

6. Total unearned premiums as computed above (carried out) 667,651 27

Total amount of amiabilities 12. Joint-stock capital actually paid up in

$ 1,024,213 66

cash

$ 2,500,000 00

13. Surplus beyond capital and other liabilities 1,999,514 28

Extended

4,499,514 28

Total

$ 5,523,727 94

VI.--RISKS AND PREMIUMS.

Fidelity.

Amount at Risk. Premiums Thereon.

In force December 31, pre-

ceding year

$117,128,418 00 $ 508,666 42

Written or renewed during

the year

166.845,499 00

696,003 87

Total

$283,973,917 00 $ 1,204,670 29

390

COMPTROLLER-GENERAL'S REPORT.

Deduct expirations and

cancellations

$149,464,844 00 $ 608,445 77

Balance

$134,509,073 00 $ 596,224 52

Net in force December 31,1902.. . .$134,509,073 00 $ 596,224 52

Surety.

Amount at Risk. Premiums Thereon.

In force December 31 pre-

ceding year

$203,483,887 00 $ 665,113 01

Written or renewed dur-

ing the year

223,149,106 00

686,472 43

Total

$426,632,993 00 * 1,351,585 44

Deduct expirations and

cancellations

216,320,928 00

630,477 95

Balance

$210,312,065 00 $ 721,107 49

Net in force December 31, 1902. . . , $210,312,065 00 $ 721,107 49

Total net amount of risks in force December 31,

1902 (all departments of the company), $344,821,-

138.00; premiums thereon

$ 1,317,332 01

GENERAL INTERROGATORIES.

1. Total amount of premiums received, from the organiza-

tion of the company to date

$ 13,013,874 63-

2. Losses paid from organization to date

6,181,087 15

3. Total amount of cash dividends declared since the com-

pany commenced business

2,300,000 00

4. Losses incurred during the year

343,829 53

5. Total amount of the company's stock owned by the

directors, at par value

950,950 00

9. Amounts deposited in various States and countries,

which, under the laws thereof, is held exclusively for

the protection of the policy-holders of such States and

countries

219,492 00'

10. Were the company's books closed on the 31st day of De-

cember for the purposes of this statement ? Yes.

11. Does any officer, director or corporation receive a com-

mission or royalty on the business done by this com-

pany? No.

Business in the State of Georgia during the year 1902.

Risks Written.
Fidelity. .$2,445,001 00 Surety . . 1,915,310 00

Premiums Received.
$ 5,759 57 6,281 69

Losses Paid
$ 1,002 33 122 95

Losses Amount at Risk.

Incurred.

End of Year.

$ 5,112 13 $1,523,051 00

122 95 1,612,885 00

Aggregate.$4,360,311 00 $12,041 26 $ 1,125 28 $ 5,235 08 $3,135,936 00-

COMPTROLLER-GENERAL'S REPORT.

391

BANKERS MUTUAL CASUALTY COMPANY, DE3 MOINES, IOWA.

J. G. ROUNDS, President..

A. E. SPALDING, Secretary.

Home Office, 4th and Locust, 509 Observatory Building.

I.--CAPITAL STOCK.

1. Amount of capital stock authorized, mutual; subscribed for, mutual.

2. Amount of capital paid up in cash, mutual.

Amount of net ledger assets, December 31st

of previous year

$ 93,102 99

Cash collected on premium notes included in

above in excess of No. 6 below.. . 24,108 99

Extended at

$ 93;102 99

II.--INCOME DURING YEAR.

As shown by books at home office, December 31st.

_

Burglary.

J. Gross premiums unpaid December 31, last

year paid

$ 13,637 88

2. Gross premiums written and renewed during

the year

69,603 88

Total 3. Deduct gross premiums now in course of col-
lection

83,241 76 9,956 36

4. Entire premiums collected during the year. 5. Deduct reinsurance, abatement, rebate and
return premiums

73,285 40 54,034 60

6. Net cash actually received for premiums (carried out). .$ 8. Interest on loans on mortgages of real estate $ 651 50

Total interest

14. Income from all other sources, viz. : Guar-

antee fund

$

Advanced by promoters

5,303 24 612 50

Total income during the year

19,250 80 65150
5,915 74 25,818 04

III.--DISBURSEMENTS DURING YEAR.

As shown by books at home office, December 31st.

Burglary. 1. Gross amount paid for losses direct to policy-

holders

$ 14,763 42

2. Gross amount paid for benefit of policy-

holders in pursuit of criminal attacking

insured bonds

5,696 43

Total

20,459 85

392

COMPTROLLER-GENERAL'S REPORT.

3. Deduct reinsurances, salvages and recoveries

on losses previously paid

$

Net paid policy-holders 4. Guaranty fund holders for interest or divi-
dends (amount declared during the year)..$ 5. Directors'annual meeting, $496.74; execu-
tive committee meeting, $95.59 6. Salaries, traveling and all expenses of di-
rectors and others for company's business. 8. Salaries and all other compensation of offi-
cers, $4,400.00; and home office employees, $7,643.86 9. Taxes on premiums, $421.99; insurance department fees and agents' licenses, $411.80. 10. Rent, $867.00; postage, $1,403.55 11. Legal expenses, $425.15; interest, $1,958.21. . 12. Advertising, $758.25; printing and stationery, $1,480.55 14. All other items, viz.: Sundry expenses

Total miscellaneous expenses Total disbursements

8,880 31 $
911 42
592 33
561 47
12,043 86
833 79 2,270 55 2,383 36
2,238 80 522 40 $

11,579 54
22.357 98 33,937 52

IV.--LEDGER ASSETS.

As per ledger accounts, shown by the books at home office at close of business December 31st.

I. Mortgage loans on real estate (first liens).. .$ 5. Cash deposited in banks: Peninsular Sav-
ings Bank, Detroit, Mich., $230.32; First .National Bank, McGregor, Texas, $147.76; First National Bank, Jackson, Miss., $212.75; State Savings Bank, Des Moines, la., $2,550.00; Citizens NationalBank, Des Moines, la., $174.45; Iowa Loan & Trust Co., Des Moines, la., $202.61; total
5. Bills receivable, $61,165.62, being premium notes

20,300 00
3,517 89 61,165 62

Total net ledger assets

$ 84,983 51

NON-LEDGER ASSETS.

16. Due from subscribers to guaranty fund 17. Due from United States Government, salvage recovered

Burglary

Not over three montindue. Net premiums
$ 9,956 36$ 9,956 36

Total net not over three months due

Gross assets

.$

5,075 00 405 00
9,956 36 100,419 87

COMPTROLLER-GENERAL'S REPORT.

393

Burglary

-NON-LEDGER LIABILITIES.
Resisted toy Com j>any on its own aceounr. (Not
ouuawed.)
9$ 2,730 85

1. Total gross amount of claims 3. Net amount of unpaid claim account

2,730 85 2,730 85

Aggregate of unpaid claims and expenses

$ 2,730 85

4. Gross premiums upon all unexpired risks, running one year more or

less from date of policy:

Burglary premiums, $94,294.88; unearned

portion (fifty per cent)

$ 47,147 44

Total one year more or less

47,147 44

Total unearned premiums, as computed above (carried

out)

I

.10. For return premiums, $

; for reinsurance

11. All other liabilities, viz.: Advanced by promoters

47,147 44 362 55
15,000 00

Total amount of all liabilities 12. Guaranty fund actually paid-up in cash.. .$ 13. Surplus beyond capital and other liabilities

20,533 75 14,645 28

65,240 84 35,179 03

Total

$ 100,419 87

Burglary.

Business in the State of Georgia during the Year.

Risks written.

Premiums Amount of risks. Rpceived. At end of year.

i 56,500 00 $ 850 00 $ 151,000 00

CASUALTY COMPANY OF AMERICA, NEW YORK, N. Y.

ANDREW FREEDMAN, President.

ARTHUR M. DAY, Secretary.

Principal Office, 5254 William Street, New York City.

G. A. HOWELL, JR., Atlanta, Attorney for Service in Georgia.

I.--CAPITAL, STOCK.

1. Amount of capital stock paid

up in cash

$ 500,000 00

Increase of capital during 1903 (on organi-

zation)

$

Extended at

500,000 00 $

500,000 00

II.--INCOME DURING YEAR 1902.

19. From all other sources, viz.: Cash surplus

paid in

250,000 00

Total income

250,000 00

394

COMPTROLLER-GENERAL'S REPORT.

IV.--ASSETS AS PER LEDGER ACCOUNTS.

6. Cost value of bonds, excluding accrued in-

terest at time of purchase

$

8. Cash deposited in banks: United States

Mortgage and Trust Co

258,125 00 488,398 95

It. Total net or ledger assets

' 746,523 95-

OTHER ASSETS.
15. Interest due, $ , and accrued, on bonds 28. Total assets, as per the books of the company

3,476 05 $ 750,000 00

ITEMS NOT ADMITTED.
9. Total assets, less items not admitted

750,000 00

17. Cash capital 18. Cash surplus .
19. Total liabilities

V.--LIABILITIES.

$ 500,000 00 250,000 00-
f 750,000 00

THE CITY TRUST, SAFE DEPOSIT AND SURETY COMPANY OF PHILADELPHIA, PA.

CHARLES M. SWAIN, President.

JAMES F. LYXD, Secretary.

Home Office, 927-929 Chestnut Street, Philadelphia, Pa.

J. H. GILBERT, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $500,000.00; sub-

scribed for

$ 500,000 00

2. Amount of capital paid-up

in cash

600,000 00

Amount of net ledger assets, December

31st of previous year

$ 3,127,073 56

Increase in deposits during 1902

123,191 95

Extended at

$ 3,250,265 51

II.--INCOME DURING YEAR.

As Shown by Books at Home Office, December 81st.

Fidelity and Surety.
1. Gross premiums unpaid December 31, last year paid. $ 21,168 53

COMPTROLLER-GENERAL'S REPORT.

395-

2. Gross premiums written and renewed during year $ 271,023 74

Total 3. Deduct gross premiums now
in course of collection ....

292,192 27 23,576 48

4. Entire premiums collected during the year
5. Deduct reinsurance, abatement, rebate and return premiums

268,615 79 45,431 03

6. Net cash actually received

forpremiums (carried out) 223,184 76

Rents from company's property

$

Interest on loans on mortgages of real

estate

9. Interest on collateral loans

10. Interest on bonds and dividends on stocks

11. Interest upon other debts due the com-

pany and on deposits in bank

Total interest

18. From revenue stamp redemption

$

14. Income from all other sources, viz.: Safe

deposit boxes, $3,810.10; commissions,

$2,109.40; registry, $845.75

Total income during the year

Sum

223,184 7617,268 76

2,921 88 95,022 86 19,182 32

7,297 01
$ 192 15

141,693 83

6,765 25

6,957 40

.$ 371,835 99

$ 3,622,101 50'

III.--DISBURSEMENTS DURING YEAR.

As Shown by Books at Home Office, December 31st.

1. Gross amount paid for fidelity and surety losses... .$

Fidelity and Surety.
95,684 48

Total

$

3. Deduct reinsurance, salvages

and recoveries on losses

previously paid

95,684 48 30,039 63

Net paid policy-holders $ 65,644 85

4. Stockholders for interest or dividends

(amount declared during the year, $30,-

000.00)

$

5. Commissions or brokerage to agents, less

received on reinsurance

6. Salaries, traveling and all expenses of

agents and agencies not on commission

account

$ 65,644 8529,952 00 15,207 48 56,376 42

396

COMPTROLLER-GENERAL'S REPORT.

7. Interest paid depositors

$

8. Salaries, and all other compensation of

officers, $17,000.00 ; and home office em-

ployees, $50,467.89

$. Taxes on premiums, $3,335.85; taxes on

property, $5,293.79; insurance depart-

ment fees and agents'" licenses, $2,833 44;

municipal licenses, $593.48; tax on fran-

chise, $3,413.24

11. Legal expenses, $8,275.29; real estate re-

pairs and general expenses (other than

taxes), $23,454.05

12. Advertising, $1,806.09; printing and sta-

tionery, $7,381.18

14. All other items, viz.: Profit and loss ....

Depreciation stocks and bonds

Total miscellaneous expenses

Total disbursements

46,740 77 67,467 89

15,469 80

31,729 34

9,187 27 588 95
6,500 00
'...$
$

279,219 92 344,864 77

IV.--LEDGER ASSETS.

^4s per Ledger Accounts, Shown by the Books at Home Office at Close of Business December Slst.

1. Book value of real estate unincumbered,

$23,986.58; incumbered, $483,995.98; less

ground rent, $4,600.00

$ 503,382 56

2. Mortgage loans on real estate, first liens . 37,300 00

3. Loans secured by pledge of bonds, stocks,

or other collaterals

1,633,198 74

4. Book value of bonds (excluding interest),

$335,280.50; and stocks, $71,099.00

406,379 50

-5. Cash in company's office, $105,805.85; de-

posited in banks, $290,478.71

396,284 56

6. Due from ledger accounts secured by mort-

gages, real estate and cash

2S6.191 33

7- All other items, viz.: Return premiums on

fire insurance policies, $6,341.60; furni-

ture and fixtures, $8,082.68; overdrafts,

$75.76

14,500 04

Total

$ 3,277,236 73

Totalnet ledger assets

$ 3,277,236 73

NON-LEDGER ASSETS.

10. Interest due, $ and accrued, $ on

mortgages

$

11. Interest due, $ and accrued, $ on

bonds and stocks

12. Interest due, $ and accrued, $ on

collateral loans

1,024 35 4,884 39 12,131 91

COMPTROLLER-GENERAL'S REPORT.

397

13. Interest due, $ and accrued, $ on

other assets

$

558 32

15. Total outstanding interest

$

16. Appraised value of real estate over book value

17. Market value of bonds and stocks over book value, not

including interest in item 11

17J Due for renewal premiums (not over three months due)

less commissions and reinsurance due thereon

18. Gross premiums in course of collection, to-wit:

18,598 97 119,967 44
348 50
4,773 08

Not over three
months due-
Fidelity and surety. .$ 14,546 13

Unpaid Commissons
thereon.
1,060 31

More than three

Net

months due

premiums, (not carried in)

13,485 82 9,030 35

Total net not over three months due

$* 13,485 82

Gross assets ,,

$ 3,434,410 54

DEDUCT ASSETS NOT ADMITTED.

2. Furniture, fixtures and safes

$ 8 082 68

Total

$ 8,082 68

Total admitted assets

$ 3,426,327 86

V.--NON-LEDGEK LIABILITIES.

In process of adjustment.
Fidelity and surety! 5,568 11

(Resisted at in-

stance of panics

Known or es- on whose behalf

tima.ed proofs bonds were is-

not filed.

sued $71,487.49.

8,198 55

72,226 59

1. Total gross

amount of

claims

S

5,568 11

8,198 55

72,226 59

3. Net amount of unpaid claim account $

5,568 11

8,198 55

Aggregate of unpaid claims and expenses

4. Gross premiums upon all unexpired risks running one year or less from date of

policy :

Fidelity and surety premiums,

1248,840.15; unearned por-

tion (50 per cent.)

$

124,420 07

72,226 59

Total one year or less

$ 124,420 07

85,993 25

.398

COMPTROLLER-GENERAL'S REPORT.

5. Gross premiums upon all un-

expired risks, running more

than one year from date of policy: Fidelity and surety premiums, $28,606.25; unearned pre-

miums, pro rata

14.508 49

Total more than one year.

14,508 49

6. Total unearned pemiums, as computed above(carriedout)$ 138,928 56

7. Cash dividends to stockholders remaining unpaid

87 00

8. Salaries, rent, expenses, taxes, bills, accounts, fees, etc.,

due or accrued, estimated

5 705 00

11. All other liabilities, viz.: Due depositors, $2,418,504.03 ;

and interest accrued thereon$13,120.00

2,431,624 08

Total amount of all liabilities 12. Joint-stock capital actually paid-up in cash$ 13. Surplus beyond capital and other liabilities

$ 2,662,337 84 500,000 00 263,990 02

Total

$ 3,426,327 86

Fidelity Surety

Business in the State of Georgia During the Year.

Risks written. $ 203,900 00
405,448 55

Premiums received. 794 94
1,498 77

Lossses paid. 275 00

Aggregate . . .$ 609,348 55

2,293 71

275 00

Losses Incurred.
125 00 125 00

UNITED STATES BRANCH OF THE EMPLOYERS' LIABILITY ASSURANCE CORPORATION, LTD., LONDON, ENGLAND.

LORD CLAUD HAMILTON, Chairman.

S. STANLEY BROWN, Esq., Sec.

United States Branch.

SAMUEL APPLETON, Manager and Attorney.

Principal Office U S. Branch, 71 Kilby St., Boston, Mass.

C. ANGIER, Atlanta, Attorney for Service in Georgia.

I. --CAPITAL STOCK.

1. Amount of capital stock

paid up in cash in England $ 750,000 00

2. Amount of capital subscrib-

ed, but unpaid, in Eng-

laud

3,000,000 00

Amount of net or ledger assets December

31 of previous year

. . . $ 1,477,643 14

Extended at

$1,477,643 14

COMPTROLLER-GENERAL'S REPORT.

399

II.--INCOME DURING YEAR 1902.

Accident. Health. Employers'

1. Gross pre-

Liability.

miums un-

paid Dec.31,

last year. . $37,293 94 $4,142 44 $292,415 14

2. Gross pre-

miums on

risks writ-

ten and re-

newed dur-

ing the year 286.001 33 21,508 64 2,026,142 87

Fidelity.
$3,214 42 68,089 28

Total .... 323,29o 27 25,651 08 2,318,558 01 3. Deduct gross
pre m i u m s in course of collection at this date . . 44,067 68 3,413 50 344,135 80

71,303 70 2,837 63

4. Entire premiums collected dur-
ing the year 279,227 59 22,237 58 1,974,422 21 5. Deduct rein-
s u r a n ce , abatemen t, rebate and return premiums. . . 61,978 53 4,444 42 310,908 91

68,466 07 16,961 06

6. Net cash actually received for premi urns
(carriedout) 217,249 06 17,793 16 1,663,513 30 9. Interest and dividends on stocks and
bonds

51,505 01 47,791 27

Total interest 17. Total income actually received during the year; in cash.

Aggregate last balance and income

1,950,060 53
47 79^ 27 1,997,851 80 3,475,494 94

III.--DISBURSEMENTS DURING YEAR 1902.

Accident. Health,
1. Gross amount paid for maturedclaims other than weekly indemnity . .$15,067 56$ ...

Employers' Liability.
$671,899 37

Fidelity.
$13,672 56

400

COMPTROLLER-GENERAL'S REPORT.

2. Gross amount paid for weekly or other periodical i n demnity . . $76,288 42 11,099 92

Total 3 Deduct salv
ages and reinsurances .

91,335 98 11,099 92 3,680 65 1,013 35

671,899 37 5,626 78

13,672 56

Net paid pol-

icy-holders. 87,675 33 _ 10,086 57 666,272 59 13,672 58 $ 777,707 05-

3J To cost of adjustment and legal expenses

in setttlement of claims

167,962 98 945,670 0$

4. Remitted to home office

183,406 09

5. Commission to agents

491,829 77

6 Salaries, traveling and all expenses of

agents and agencies not on commission

account

16,419 65

7. For inspections

21,777 64

8. Salaries and all other compensation of of-

ficers, $17,185.61; home office employees,

$21,349.37

38,534 98

9. Taxes on premiums, $30,946.46 ; insurance

department fees, $3,058.75; agents' li-

censes, $1,369.00; municipal licenses,

$877.50; miscellaneous, $1,074.33 . . . .

37,326 04

10. Rent

21,343 7S

11. Legal expenses

6,005 45

12. Furniture and fixtures

1,438 24

13. Advertising, $5,273.50; general printing

and stationery, $15,068.19

20,341 69

14. Losses on securities actually sold under

cost

...

34 50

15. All other expenses, postage, telegraph and

expressage, $15,7o2.71; bad debts, $1,-

171.23

16,933 94

Total miscellaneous expenses 16. Total disbursements

855,391 79" 1,801,061 82

IV.--ASSETS AS PER LEDGER ACCOUNTS.

4. Cost value of bonds and stocks owned absolutely
5. Cash in company's office 6. Cash deposited in banks: Massachusetts
National Bank Cash deposited with trustees, with Kidder,
Peabody & Co

1,470,106 80 1,800 00
789 29
201,737 03

11, Total net or ledger assets

1,674,433 12

COMPTROLLER-GENERAL'S REPORT.

401

OTHER ASSETS.

13. Interest due and accrued on bonds and

stocks

$

17. Total outstanding interest

19. Market value of bonds and stocks over cost

21. Accident, premiums, $42,254.06; unpaid

commission thereon, $13,901.33; net . .

22. Health, premiums, $3,093.47; unpaid com-

mission thereon, $1,019.53 ; net

23. Employers' liability, premium, $335,301.80 ;

unpaid commission thereon, $78,841.20;

net



24. Fidelity, premiums, $2,812.68; unpaid com-

mission thereon, $610.82; net

28. Credit, premiums, $383,462.01; unpaid com-

mission thereon, $94,372.88

29. Net amount of outstanding premiums

30. Total assets, as per the books of the company 31. Amount of premiums unpaid on policies
which have been issued more than three months (inside)

12,101 25 $
8,469 45
28,352 73
2,073 94

12,101 25

256,460 60 2,201 86

289 089 13 1,984 092 95

10,992 60

DEDUCT ASSETS NOT ADMITTED AND FOB DEPRECIATION.

Accident.
G_ ross premiums unpaid Dec.31, last year . ..$37,293 94

Health.
$4,142 44

Employers' Fidelity. Liability.
$292,415 14 $3,214 42

V.--LIABILITIES.

In pro eS'i of adjustment.

Accident

$34,515 00

Health

1,060 00

Employers'liabil-

ity

57,275 00

Fidelity

6,765 00

Resisted by Company on its own
account.
$57,000 00
585 00 ...

3. Net amounts of unpaid claim a c -
count . . .

99,615 00

6,285 00

Aggregate of unpaid claims Gross premiums upon all unexpired risks,

running one year or less from date of

policy:

Accident, premiums, $191,066.59; unearned

portion (50 per cent.)

.

Resisted for employeis.
358,410 00
358,410 00
95,533 30

464 310 00

402

COMPTROLLER-GENERAL'S REPORT.

Health, premiums, $17,105.87; unearned

portion (50 per cent.)

$

Employers' liability, premiums, $1,362,-

844.64; unearned portion (50 per cent.)..

Fidelity, premiums, $50,581.97; unearned

portion (50 percent.)

8,552 94 681,422 32
25,290 98

Total, one year or less 5. Gross premiums upon all unexpired risks,
running more than one year from date of policy: Employers'liability, premiums, $70,035 06; unearned premium pro rate

47,985 34

Total for term policies 6. Total unearned premiums as computed above (carried
out) All other indebtedness, unpaid commission on premiums
collected

810.799 54
47,985 34 858,784 88
9,339 91

Total amount of all liabilitie, except capital stock.

9. Joint stock capitul actually paid up in cash,

statutory deposit

200,000 00

10. Surplus beyond capital and other liabil-

ities



451,658 16

11. Aggregate amount of all liabilities, including statutory deposit and, net surplus

1,332,434 79
651,658 16 l,9S-t,092 95

Business in the State of Georgia during the Year 1902.

Risks Written.

Accident . . . $983,318 00

Health .... 224,928 00

Employers' li-

ability .

...

Fidelity .... 82,638 001

Premiums Received. 4,370 30
999 68
4,002 78 367 28

Losses Paid. 2,638 54 627 84
2,021 53

Losses Incurred. 3,523 54 682 84
2,376 53

Aggregate $1,290,884 00

3,740 04

5,287 91

6,582 91

THE FIDELITY AND CASUALTY COMPANY OF NEW YORK, N. Y.

GEORGE F. SEWARD, President.

ROBERT J. HII.I.AS, Sec'y and Treas.

Principal Office. 97-103 Cedar Street.

EUGENE OBERDORFER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Whole amount of capital stock

$

2. Amount paid up in cash

250,000 00 $

250,000 00

COMPTROLLER-GENERAL'S REPORT.

403

II.--ASSETS

1. Market value of real estate owned by the company (less

the amount of inoumbrances thereon)

$ 621,160 53

Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value 3,840,641 00

Total market Amount loaned

Total par value.
11. Total par and

value.

thereon

market value

and amount

loaned there-

on

$ 326,000 00 $ 355,492 50 $ 285,000 00 $ 285,000 00

12. Cash in company's principal office

17,196 57

13. Cash belonging to the company deposited

in bank

65,326 04

Total cash items 15. Interest due and accrued on stocks and bonds not in-
cluded in "market value" uncollected 16. Interest due and accrued on collateral loans and uncol-
lected 164 Interest due and accrued on other assets 17. Cash in hands of agents and in course of transmission,
(gross premiums in course of collection) 174 Reserve reinsurance deposit (cash in company's pos-
session)
All other assets, both real and personal, as per schedule
attached, viz.: Rents due and accrued All other items
Deduct ledger liabilities, agents credit balances, $9,524.05
All other, $12,351.63

82,522 61 2,514 17
227 78 245 56
419,573 76 33,574 58
1,087 46 4 008 85
21,875 68

Total assets of the company, actual cash market

value

$ 5,268,680 6

III.--LIABILITIES.

Losses known, proofs not filed

$

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

47,500 00
244,747 30 628,050 14

4. Total gross amount of claims for losses.... 5. Deduct reinsurance thereon 7. Gross premiums without any deduction,

received and receivable upon all unex-

pired risks running one year or less from

date of policy, $

; unearned premi-

ums (fifty per cent.)

920,297 44 5,602 96 $
2,057,843 30

914 694 48

404

COMPTROLLER-GENERAL'S REPORT.

Gross premiums, without any deduction,

received and receivable upon all unex-

pired risks running more than one year

from date of policy, $

; unearned

premiums, (pro rata)

$

306,708 34

11. Total unearned premiums as computed above (carried

out)

$ 2,364,551 64

Wi Contingent fund 17. Due and accrued for salaries, rent, advertising and for

250,000 00

agency and other miscellaneous expenses

35,563 94

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

3,564,810 06 250,000 00
1,453,870 56

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

5,268,680 62

IV.-- INCOME DURING THE YEAR.

1. Gross premiums and bills in course of col-

On Risks.

lection at close of last previous year, as

shown by that year's statement

$ 526,318 46

Gross premiums on risks written and re-

newed during the year

5,848,375 42

5. Total 6. Deduct premiums and bills in course of
collection at this date

6,374,693 88 631,720 86

7. Entire premiums collected during the year 5,742,973 02 8. Deduct reinsurance and return premiums. 1,253,437 09

9. Net cash actually received for premiums (carried out). .$ 4,489,535 9 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-

201,229 0

crease, if any, in value of securities, viz.: Rents,

$64,038.98, including $39,137.72 for company's use of

own buildings

64,038 98

15. Aggregate amount of income actually received during

the year in cash

$ 4,754,804 00

V.--EXPENDITURES DURING THE YEAR.

On Risks Gross amounts actually paid for losses (in-

cluding $

losses occurring in pre-

vious years)

$ 1,679,059 96

Deduct all amounts actually received for

salvages, (whether on losses of the last or

of previous year), $ ; and all amounts

actually received for reinsurance in other

companies, $ ; total deductions

84,732 99

Net amount paid during the year for losses

$ 1,594,326 97

COMPTROLLER-GENERAL'S REPORT.

405

3^. Expense of loss adjustments, and defense of suits against

policy-holders

$ 227,687 28

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

62,500 00

6. Paid for commissions or brokerage

'

1 178 194 60

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.: Inspection,

481 918 29 81,450 99

1148,149.38; rents, (including $39,137.72 for company's use of own building), $37,705,98; legal expenses, $1,-

. 583.45; real estate expenses and repairs, $35,113.92;

furniture and fixtures, $6,202.08; advertising, $11,572.45 ; printing, etc., $38,600.83; all other items, $62,410.75 155,483 48

Aggregate amount of actual expenditures during

the year in cash

$ 3,967,416 97

Business in the State of Georgia during the Year.

Inland Kisks.

Inland risks written

$13,150,925 00

Premiums received (gross)

43,S30 23

Losses paid

18,146 74

Losses incurred

18 146 74

FIDELITY AND DEPOSIT COMPANY OF MARYLAND, BALTIMORE, MD.

EDWIN WARFIELD, President.

HARRY NICODEMUS, Secretary.

Home Office, Charles and Lexington Streets, Baltimore, Md.

AARON HAAS, Atlanta, Attorney for Service in Georgia.

1.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized

$ 2,000,000 00

2. Amount of capital paid up in

cash

2,000,000 00

Amount of net ledger assets December

31 of previous year

$ 5,608,887 06

Extended at

$ 5,608,887 0

II.--INCOME DURING YEAR.

As shown by books at home office, December 31st. Fidelity and Surety.
1. Gross premiums unpaid De-
cember 31, last year paid. .$ 107,544 73 2. Gross premiums written and
renewed during the year.. 1,279,470 22

Total

$ 1,387,014 95

406

COMPTROLLER-GENERAL'S REPORT.

3. Deduct gross premiums now in course of collection $ 135,489 58

4. Entire premiums collected

during the year

1,251.525 37

5. Deduct reinsurance, abate-

ment, rebate and return

premiums

23,531 13

6. Net cash actually received for premiums carried out. .. S 1,227,994 24

7. Rents from company's property

$ 43,296 28

10. Interest on bonds and dividends on stocks. 175,845 90

Total interest 14. Income from all other sources, viz.: Commissions, Safe
Deposit Department, etc

219,142 18 95,635 78

Total income during the year

$ 1,542,772 15

Sum

$ 7,151,659 21

III.--DISBURSEMENTS DURING YEAR.

As shown by books' at home office, December 31.

Fidelity and Surety.
1. Gross amount paid for

claims, excepting weekly

indemnity

$ 522,853 02

Total 3. Deduct reinsurances, sal-
vages and recoveries on losses previously paid
Net paid policy-holders.

522,853 02
67,946 05 454,906 97

Extended 4. Stockholders for interest or dividends $ 5. Commissions or brokerage to agents, less
received on reinsurance 7. Medical examiners' fees and salaries, $ ;
inspections and adjusting 8. Salaries and all other compensation of
officers and home office employees 9. Taxes on premiums, $20,132.21; taxes on
property, $28,177.57; insurance department fees and agents' licenses, $6,955.60; municipal licenses, $2,631.50 10. Rent
11. Legal expenses, $21,787.42; real estate repairs and expenses (other than taxes), $15,726.39
12. Furniture and fixtures, $4,417.62; advertising, $14,497.45; printing and stationery, $16,691.80

$ 279,993 00 334,248 12 53,150 65 99,014 75
57,896 88 9,208 30
37,513 81
35,606 87

451,906 97

COMPTROLLER-GENERAL'S REPORT.

407

13. Losses on ledger assets actually sold or

matured, under book value

$

14. All other items, viz.: Postage, $10,117.94;

incidentals and development, 146,056.63,

Total miscellaneous expenses

46,186 66
56,174 57 $ 1,008,993 61

Total disbursements

$ 1,463,900 58

IV.--LEDGER ASSETS.
As per ledger accounts, shown by the books at home office at close of business, December 31st.

1. Book value of real estate (unincumbered)

$ 670,000 00

4. Book value of bonds and stocks

4,782,700 00

5. Cash in company's office

25,309 28

Deposited in banks: National Mechanics' Bank of Bal-

timore, $140,103 02 ; Hanover National Bank of New

York, 69,646.33

209,749 35

Total net ledger assets

5,687,758 63

NON-LEDGER ASSETS.

Fidelity surety

Not over three Unpaid commissions Net premiums,

months due.

thereon.

and

$ 135,489 58 $ 32,682 33 $ 102,807 25

Total net, not over three months due

$ 102,807 25

Gross assets

$ 5,790,565 88

V.--NON-LEDGER LIABILITIES.

Claims adjusted and not paid.
Fidelity

Innrocesof adjustment.

Known or Es- R' sisted by timated : principals, not
Proofs not filed, admitted by company.

and

surety $ 2,537 63 $ 28,474 82 $ 26,032 91 $ 139,989 08

Aggregate of unpaid claims and expenses

$

Fidelity and surety, $1,434,595.73; un-

earned portion (50 per cent.)

$ 717,297 87

197,034 44

6. Total unearned premiums.as computed above(carried out) 717,297 87

Total amount of all liabilities

$

12. Joint stock capital actually paid up in cash. $ 2,000,000 00

13. Surplus beyond capital and other liabilities 2.876,233 57

914,332 31

Carried out

4,876,233 57

Total

$ 5,790,565 88

Business in the State of Georgia during the Year.

Risks written.
Fidelity. .i'2,536,720 00 Surety.. . . 539,605 00

Premiums received.
$ 12,280 00 7,612 00

Losses paid.
$ 6,975 27 770 50

Losses Amount at risk, .incurred. End of Year.
$ 111 55 $2,372,140 00 770 50 1,304,140 00

Aggregate.13,076,325 00 19,892 00 $ 7,745 77 S 882 05 $3,676,280 00

408

COMPTROLLER-GENERAL'S REPORT.

THE GUARANTEE COMPANY OF NORTH AMERICA, MONTREAL, CANADA.

EDWARD RAWLINGS, President.

ROBERT KERR, Secretary.

Principal Office, 57 Beaver Hall, Montreal.

JAMES S. RUSSELL, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Whole amount of capital stock

$

2. Amount paid up in cash

668,600 00 $

304,600 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

$

2. Loans on bonds and mortgage (duly recorded and being

first liens on the fee simple) 6. Total value of said mortgaged premises

(carried inside)

.$ 2,700 00

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value 12. Cash in company's principal office .... $ 2,565 64

13. Cash belonging to the company deposited

in bank

144,025 48

64,350 00 710 00
921,887 67

Total cash items 15. Interest due and accrued on stocks not included in "mar-
ket value " uncollected Premiums outstanding $9,139.28 less commissions on
same, $456.96

146,591 12 8,251 73 8,682 32

Total assets of the company, actual cash market

value

$ 1,150,472 84

III.--LIABILITIES.

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 .......

8,759 32 27,275 14

4. Total gross amount of claims for losses - . 5. Deduct reinsurance thereon

36,034 46 12.387 57

6. Net amount of unpaid losses 7. Gross premiums without any deduction,
received and receivable upon all unexpired risks running one year or less from date of policy Unearned premiums (fifty per cent.) - . .

185,187 81 92,593 90

23,646 89

11. Total unearned premiums as computed above (carried out)

92,593 90

COMPTROLLER-GENERAL'S REPORT.

409

17. Due and accrued for salaries, rent, advertising and for

agency and other miscellaneous expenses

$

Provided for contingencies

6,306 67 25 000 00

20. Total amount of all liabilities, except capital stock,
scrip, and net surplus 21. Joint stock capital actually paid up in cash 23. Surplus beyond capital and all other liabilities

147,547 46 304,600 00 698,325 38

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,150,472 84

IV.--INCOME DURING YEAR.

On Fidelity

Bisks.
1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 7,990 38

4. Gross premiums on risks written and re-

newed during the year

229,583 59

5. Total 6. Deduct premiums and bills in course of
collection at this date 7. Entire premiums collected during the year 8. Deduct reinsurance and return premiums

237,573 97
9,139 28 228,434 69 49,186 63

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. . . Interest on bank deposits, etc . .

15. Aggregate amount of income actually received during

the year in cash

$

V.--EXPENDITURES DURING YEAR.

On Fidelity

1. Gross amounts actually paid for losses (in-

Risk-.

cluding $

losses occurring in pre-

vious years

.$ 55,249 36

2. Deduct all amounts actually received for

salvages, (whether on losses of the last

or of previous year), $

; and all

amounts actually received for re-

insurances in other companies, $

;

total deductions

19,174 02

H. Net amount paid during the year for losses

i

4. Cash dividends actually paid stockholders (amount of

stockholders'dividends declared during the year) 8 per

cent

179,248 06 217 74
39,085 93 1,991 30 3,298 81 223,841 81
38,075 34 24.368 00

410

COMPTROLLER-GENERAL'S REPORT.

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.: Inspection

expenses

Rents, $7,280.55 ; law charges, $1,024.98 ; printing and ad-

vertising, $4,467.70; total

Postage, telegrams and paid by cash

Aggregate amount of actual expenditures-during

the year in cash

$

5,032 08 62,465 50
6,219 83 14,119 93 12,773 23 8,223 53
169,277 44

Business in the State of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fidelity.
704,650 00 6,988 79 376 53 547 78

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, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $1,000,000.00; sub-

scribed for

$ 500,000 00

2. Amount of capital stock paid

up in cash

500,000 00

Amount of net ledger assets December

31 of previous year.

$ 2,496,2S1 69

Extended at

$ 2,496,281 60

II.--INCOME DURING YEAR.

At shown by the books at Home Office at close of business, December SI, 1903.

Steam Boiler.
1. Gross premiums unpaid December 31, last year paid . $ 279,387 92
2. Gross premiums written and
renewed during year . . . 1,506,923 58

Total

1,786,311 50

COMPTROLLER-GENERAL'S REPORT.

411

3. Deduct gross premiums now in course of collection . . $ 369,049 63

4. Entire premiums collected during the year
5. Deduct reinsurance, abatement, rebate and return premiums

1,417,261 87 193,250 50

6. Net cash actually received for premiums

carried out

$

7. Rents from company's property.

8. Interest on loans on mort- v

gages of real estate ....

25,463 57

10. Interest on bonds and divi-

dends on stocks ......

88,381.87

11. Interest upon other debts due

the company and on de-

posits in bank

3,251 21

1,224,011 37 1,115 01

Total rents and interest 12. Profit on sale of real estate, $4,450 00; on
sale or maturity of securities, $21,362.51. Special mechanical services

117,096 65
25,812 51 3,670 85

Total income during the year

$ 1,371,706 39

Sum of both amounts

3,867,988 08

III.--DISBURSEMENTS DURING YEAR.

As shown by the books at Home Office at close of business, December 31, 1902.

Steam Boiler.

1. Gross amount paid for claims

excepting weekly indem-

nity

$ 108,164 96

Total

108,164 96

3. Xet paid policy-holders (carried out) ... $

4. Stockholders for interest or dividends . . .

il. 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 of-

ficers, $32,600.00; and home office em-

ployees, $25,800.00

10. Taxes on premiums, $19,429.65; taxes on

real estate, $356.04; insurance depart-

ment fees and agents' licenses, $3,844.22;

municipal licenses, $17,189.98

11. Rent

108,164 96 60,000 00 317,918 81
140,330 46 453,538 90
58,400 00
40,819 89 5,312 50

412

COMPTROLLER-GENERAL'S REPORT.

12. Legal expenses, $711.40; real estate repairs and expenses (other than taxes), $751.19.$
13. Furniture and fixtures, $4,889.66 ; advertising, $14,604.89 ; printing and stationery, $16,554.20 . ,
14. Loss on sales of real estate, $550.00 ; losses on sales or maturity of securities, $3,461.87
15. All other disbursements (profit and loss account): Office expenses
Total miscellaneous expenses.
Total disbursements during the year

1,462 59
86,048 75
4,011.87 1,896 62
$ 1,059,740 39 1,227,905 35

IV.--LEDGER ASSETS.

As per ledger accounts shown by the books at home office at close of business December 31, 1902.

1. Book value of real estate, unincumbered . 2. Mortgage loans on real estate, first liens. . 4. Book value of bonds (excluding interest,
$1,640,910.18), and stocks, $220,516.35 . . 5. Cash in company's office, $11,493.35; de-
posited in banks, $144,492.85 Names of Banks: Conn. River Banking
Co., Hartford, Ct., $42,929.79 ; Hartford National Bank, Hartford, Ct., $10,302.93; United States Bank, Hartford, Ct., $26,578.46; Security Company, Hartford, Ct., $10,454.85; National Shawmut Bank, Boston, Mass., $17,635.50; Central National Bank, Philadelphia, Pa.. $5,504.98; Union National Bank, Cleveland, O., $3,872 06; Union Trust Company Bank, Chicago, 111., $12,324.71; National Bank of Commerce, St. Louis, Mo., $2,656.86 ; New York National Exchange Bank, New York, N. Y., $12,232.71
Total net ledger assets

24,450 00 598,220 00 1,861,426 53 155,986 20
144,492 85 $ 2,640,082 73

NON-LEDGER ASSETS.

9. Interest due, $ , and accrued, $15,337.91

on mortgages

$ 15,337 91

14. Total outstanding interest and rents

$

16. Market value of bonds and stocks over book value, not

including interest

15,337 91 140,478 47

COMPTROLLER-GENERAL'S REPORT.

413

17. Gross premiums in course of collection, not debited to authorized agents, to wit:

Not over

Unpaid Commis-

three months due. s ons thereon.

Steam Boiler . $369,049 63 155,357 44

Net Premiums.
$313,692 19

Total net not over three months due .......$ 313,692 19

Gross assets

3,109,591 30

V. --NON-LEDGER LIABILITIES.

Steam boiler, in process of adjustment . . $
1. Total gross amount of claims in process of adjustment

73,322 65 73,322 65

3. Net amounts of unpaid claim account in process of adjustment

73,322 65

Aggregate of unpaid claims and expenses 4. Gross premiums upon all un-
expired risks, running one year or less from date of policy:
Steam boiler premiums, $107,783.56; unearned portion (50 per cent.) ..... 53,891 78

$ 73,322 65

Total, one year or less 5. Gross premiums upon all un-
expired risks, running more than one year from date of policy: Steam boiler, premiums, $3,250,486 38 ; unearned premium, pro rata

1,741,119 13

53,891 78

Total, more than one year

1,741,119 13

Total unearned premiums and reserve, as com-

puted above (carried out)

$ 1,795,010 91

Total liabilities

,

13. Capital stock paid up in cash .......

14. Surplus beyond capital and other liabilities

Total

500,000 00 741,257 74

1,868,333 56
1,241,257 74 3,109,591 30

Business in the State of Georgia during the Year.

Steam Boiler:

Risks written . . Premiums received Losses paid .... Losses incurred . . Amount at risk end of year

$1,213,668 00 11,400 77 210 56
378 96 4,131,285 00

414

COMPTROLLER-GENERAL'S REPORT.

THE LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK, N. Y.

WILLIAM T. WOODS, President.

CHARLES E. W. CHAMBERS, Secretary.

Principal Office, 63 William Street, New York City, N. Y.

ALBIGEXCE L. WALDO, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.

1. Whole amount of capital stock. 2 Amount paid up in cash
Extended at

250,000 00 250,000 00

II.--ASSETS.

1. Market value of real estate owned by the company (less

the amount of incumbrances thereon)

9. Total par and market value of stocks and bonds owned

absolutely by the company carried out at market

value

12. Cash in company's principal office

S

4,396 00

13. Cash belonging to company deposited in

bank: New York National Exchange

Bank, $5,288.37; Corn Exchange Bank,

$9,470.81;

14,759 18

Total

19,155 18

Total cash items 17. Net premiums in course of collection.

Total assets of the company, actual cash market value

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

4. Total gross amount of claims for losses ...

6. Net amount of unpaid losses 7. Gross premiums without any deduction, re-
ceived and receivable upon all unexpired risks running one year or less from date of policy Unearned premiums (50 per cent.) 8. Gross premiums withoutany deduction,received and receivable upon all unexpired risks running more than one year from date of policy, $97,624.34; unearned premiums, (pro rata)

4,370 99 4,370 99 4,370 99
370,793 34 185,396 67
51,504 90

250,000 00 265,000 00 388,399 41
19,155 1 52,675 69 725,230 26
4,370 99

COMPTROLLER-GENERAL'S REPORT.

415

u . Total unearned premiums as computed

above (carried out)

$

17 . Due and accrued for salaries, rent, advertising and for

agency and other miscellaneous expenses including

plate glass and glazing, $10,245.77

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 of all liabilities, including capital paid up and net surplus

236,901 57
10,255 02
251,527 5S 250 000 00 223,702 70
725,230 28

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in course of col-

On risks.

lection at close of last previous year, as

shown by that year's statement

$ 62,297 69

Not collected Gross premiums on risks written and re-
newed during the year, as shown in risk and premium exhibit

Total

$

Deduct premiums and bills in course of col-

lection at this date

62,297 69
454,977 77 517,275 46
71,894 39

Entire premiums collected during the year: Cash, $ ; notes, $
Deduct reinsurance and return premiums .

445,381 07 21,748 92

9. Net cash actually received for premiums

(carried out)

$ 423,632 15

11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

12. Income received from all other sources, omittipg in-

crease, if any, in value of securities, viz.: Rents,

513,577.62

'.

423,632 15 12,236 17
23,556 45

15. Aggregate amount of income actually received during

the year in cash

$ 459,424 77

V.--EXPENDITURES DURING THE YEAR.

Gross amount actually paid for losses (in-

On risks.

cluding $ losses occurring in previous

years)

$ 161,538 73

Deduct all amounts actually received for

salvages, (whether on losses of the last

or of the previous year), $11,447.29; and

all amounts actually received for rein-

surances in other companies, $ ; total

deductions

11,447 29

3. Net amount paid during the year for losses? 150,091 44

150,091 44

416

COMPTROLLER-GENERAL'S REPORT.

4. Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year) -1
6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers, clerks,
agents, and ali other employees 8. Paid for State, national and local taxes in this and other
States 9. All other payments and expenditures, viz.: Rents,
$1,236.10; legal expenses, $140.75; real estate expenses, $5,474.72; furniture and fixtures, $519 25 ; advertising, $2,386 85; stationery and printing, $2,745.81; postage and express, $3,972.08; sundries, $5,397.84; profit and loss, $400.91

Aggregate amount of actual expenditures during

the year in cash

$

Business in the State of Georgia During the Year

Plate Glass risks written

$

Premiums received (gross)

Losses paid

...

Losses incurred

26,250 00 137,008 52
49,5?8 68 17,402 03
22,274 31 402,614 98
45,496 04 1,254 65 214 90 420 93

LONDON GUARANTEE AND ACCIDENT COMPANY, LIMITED, LONDON, ENGLAND.

A. "W. MASTERS, General Manager. Principal Office for United States: 315 Dearborn Street, Chicago.
JNO. C. WHITNEH, Atlanta, Attorney for Service in Georgia.

I --CAPITAL. 2. Amount paid up in cash--statutory deposit

$ 200,000 00

II.--ASSETS.

3. Interest due on all bond and mortgage loans, $ ; in-

terest accrued thereon

$ 10,290 48

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

1,017,810 16

12. Cash in company's principal office .... $ 1,350 84

13. Cash belonging to the company deposited

in bank : Merchants Loan and Trust Co.

Bank, Chicago, to credit of U. 8. trustees. 181,000 00

Total cash items Premiums in course of collection

182,350 84 119,976 30

Total assets of the company, actual cash market

value

$ 1,330,427 78

COMPTROLLER-GENERAL'S REPORT.

417

III.--LIABILITIES.

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

96,041 00 256,000 00

6. Net amount of unpaid losses

7. Gross premiums without any deduction,

received and receivable upon all unex-

pired fire risks running one year or less

from date of policy

$

Unearned premiums (fifty per cent.) . .

8. Gross premiums without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date^of policy $26,395.71; un-

earned premiums (pro rata)

f
906,396 06 453,148 03
14,163 76

352 041 00

11. Total unearned premiums as computed above, carried ut
17. Due and accrued for salaries, rent, advertising and for agency and other miscellaneous expenses
19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Reserve for State fees and taxes, $20,000; for reinsurance, $2,283.78; contingent, $65,000

467,311 79 3,714 37
87,283 78

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

910,350 94 200,000 00 220,076 84

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,330,427 78

IV.--INCOME DURING THE YEAR.

Accident.

"Employers'

9. Net cash actually received

Liability.

for premiums (carried out). $ 156,893 25 $959,111 62$ 1,116,004 87

10. Receive for interest on bonds and mortgages

38,171 87

Profit and loss

100 00

15. Aggregate amount of income actually received during

the year in cash

$ 1,154,276 74

V.--EXPENDITURES DURING THE YEAR.

Accident;
3. Net amount paid during the

Employers' Liability.

year for losses

$ 68,222 68 $ 498,294 02 $

27 in

566,516 70

418

COMPTROLLER-GENERAL'S REPORT.

4. Cash dividends actually paid stockholders (amount of

stockholders'dividends declared during the year); re-

mitted head office

$

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, $5,-

391.26; legal expenses, $3,895.19; furniture and fixtures,

$530.27; advertising, $3,591.58; printing and station-

ery, $7,661.68 ; loss on assets, $5,061.99 ; traveling, $2,-

846.36; postage and exchange, $3,739.03; Trus. and

Aud., $2,100.00; sundries, $9,039.09. .

10. American branches of foreign companies will please

report amount sent to home offices during the

year

$38,171.87

38,171 87 305,735 48
70,845 13 23,232 98
43,856 45

Aggregate amount of actual expenditures during the

year in cash

$ 1,048,358 61

Business in the State of Georgia during the Year.

Fire, marine and inland risks written, accident and em-

ployers' liability

$ 1,939,000 00

Premiums received (gross), accident and employers' liability.

8,766 48

Losses paid, accident and employers' liability

2,215 23

Losses incurred, accident and employers' liability

2,215 23

THE MARYLAND CASUALTY COMPANY OF BALTIMORE, MD.

JOHN T. STONE, President.

WM. EDWARD THOMSEN, Secretary.

Home Office, Equitable Building, Baltimore, Md.

AARON HAAS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $750,000.00; sub-

scribed for

$ 750,000 00

2. Amount of capital paid up in

cash

750,000 00

Amount of net ledger assets, December 31st

of previous year

$ 2,189,623 95

Extended at

$ 2,189,623 95

COMPTROLLER-GENERAL'S REPORT.

419

II.--INCOME DURING THE YEAR.

As shown by books at home office, December 31st.

Accident. Employers' Burglary. Health. Plate glass. Steam. Sprinkler.

Liability.

Boiler.

1. Gross

premiums

unpaid Deo.

31,last year

paid $ 40,149 27 $ 272,843 53

$ 4,732 62 $ 18,663 64 8 17,419 84 $ 6,224 C3

2. Gross

premiums

written

and r e-

newed du-

ring the

year

282,696 03 1.691,279 57 15,610 39 40,864 62 133,04157 95,030 49 64,196 75

Total.... 322,815 30 1,964,12310 15,610 39 45,597 24 151,705 21 112,450 33 70,420 78

3. Deduct gross preniumi no w in cour-e of collection 53,31046

291,96226

4,933 58

6,41847 19,416 24 25,54790

9,572 84

4. Entire premiums collected during the year 269,534 84 1,672,130 81 5. Deduct reinsurance, abatement,
rebate and return premiums 61,28123 254.75217

10,67681 4,81696

39,178 77 132,28897 5,89092 22,12626

86,90243 1797067

60,847 94 6,615 01

6. Net cash act u a 11y r e c e ived for premiums (carried out). 208,24661 1,417,37867

5,55985 33,28785 110,16271 68,93176 54,23293 $1,898,100 38

9. Interest on collateral loans

$

10. Interest on bonds and dividends on stocks

11. Interest upon other debts due the com-

pany and on deposits in bank

1,936 83 81,618 40
738 24

Total interest 13. From inspection fees

$ 84,293 47 56.539 04

Total income during the year

$ 2,038,932 89

Sum

4,228,556 84

420

;OOMPTEOLLER-GEJSTERAL'S REPORT.

III.--DISBURSEMENTS DURING THE YEAR.

As shown by books at home office December 31.

Accident.
1. Gross amount paid for claims, excepti ng weekly in-

Employers' Burglary. Health. Plate glass. Steam Sprinkler.

Liability.

Boiler.

demnity.. $ 27,000 00 $434,787 67 2. Gross a mount paid lor weekly or other periodical
indemnity 59,254 85 42,163 04

167 46

$ 49,553 89 S 14 929 69 510,047 57

* 15 459 37

Total 3. Add expense oi investiga ting and adj us ting
Claims
Net paid policy-
holders...

86,254 85 476,950 71
4.337 75 227,06186 90,592 60 704.015 57

167 46 15,459 37 49,553 89 14,929 69 10,047 57
2 31 466 25 13i 33 727 00 318 07 169 80 15,925 62 49,689 22 15,656 69 10 365 64 $886,415 14

4. Stockholders, for interest or dividends

(amount declared during the year $ )

5. Commissions or brokerage to agents, less

received on reinsurance

6. Salaries, traveling and all expenses of

agents and agencies not on commission

account

7. Medical examiners' fees and salaries, see

No. 3; inspections

8. Salaries and all other compensation of of-

ficers, $16,895.08; and home office em-

ployees, $48,070 55

9. Taxes on premiums, $27,843.60 ; taxes on

property, $8,043.43 ; insurance department

fees and agents' licenses, $8,713.81; mu-

nicipal licenses, $2,423.98

.

10- Eent



12. Furniture and fixtures, $2,162.75; adver-

tising, $10,235.54; printing and station-

ery, $10,136.10,

13. Losses on ledger assets actually sold or

matured, under bookvalue 14. All other items, viz.: General expenses,

$6,600.45 ; postage, $4,611.85

Total miscellaneous expenses

75,000 00 521,386 99
99,754 40 50,212 83
64,965 63
47,024 82 4,810 85
22,534 39 5,388 14 11.212 30

902 290 35

Total disbursements

$ 1,788,705 49

COMPTROLLER-GENERAL'S REPORT.

421

IV.--LEDGER ASSETS.

Book value of bonds (excluding interest,

$2,000,592.70;) and stocks, $239,749.75 . . $ 2,240,342 45

Cash in company's office

19,505 29

Deposited in banks: Third National, $26,-

508.53: International Trust Co., $42,-

039.93; Alex Brown & Sons (Bankers),

$61.63 ; total
Furniture (cost $13,851.43) 6. Bills receivable, $3,096.85; agents' debit

68,610 09 100 00

balances, $11,129.99 All other items, viz.: Ground rent (first

14,226 84

liens under Maryland laws) on improved

business property centrally located in

Baltimore, worth ($235,000.00)

100,000 00

Total

2,442,784 67

DEDUCT LEDGER LIABILITIES.

Agents' credit balances 9. Total net ledger assets

2,933,32 $ 2,439,851 35

NON-LEDGER ASSETS.

11. Interest due, $and stocks . .

and accrued on bonds $

11,262 84

15. Total outstanding interest 17. Market value of bonds and stocks over book value . . . 18. Gross premiums in course of collection, to wit:

11,262 84 52,506 72

Accident Employers' liability Burglary Health
Plate glass Steam boiler Sprinkler

Not over three Unpaid com- Net premiums.

months due.

missions

thereon,

53,310 46 $ 14,660 38 291,992 26 80,297 88
4,933 58 1,356 73

38,650 08 211,694 38
3,576 85

6,418 47 19,416 24 25,547 90 9,572 84

1,765 08 5,339 46 7,025 67 2,632 53

4,653 39 14,076 78 18,522 23 6,940 31

$ 411,191 75 $ 113,077 73 $ 298,114 02

Total net not over three months due .... Gross assets

S 298,114 02 <p 2,801,734 93

DEDUCT ASSETS NOT ADMITTED.

Furniture, fixtures and safes

$

Agents' debit balances, unsecured, $11,-

129.99; bills receivable, unsecured, $3,-

96-85

Total

Total admitted assets

100 00
14,226 84 14,326 84
.$ 2,787,408 09

422

COMPTROLLER-GENERAL'S REPORT.

V.--NON-LEDGER LIABILITIES.

la process of Known or esti- Resisted by Ee isted by

adjustment, mated; proofs company on tbe company

not filed. its ow.i ao- for the ac-

count. (Not sured.

outlawed.)

Accident .... $ 2,991 57 $ 13,305 82 $ 19,650 00 $

Employers' lia-

bility. . . . 71,496 94.

Health

667 18 3,391 00

294,640 15

Plate glass . . . Steam boiler . . Sprinkler ....

6,955 65

3,175 50 550 00 600 00

1. Total gross amount of claims 82,111 29 21,022 32 19,650 00 294,640 15

3. Net amounts of

unpaid claim

account . . . 82,111 29 21,022 32 19,650 00 294,610 15

Aggregate of unpaid claims and expenses

$ 417,423 76

4. Gross premiums upon all unexpired risks, running one year or less

from date of policy :

Premiums. Unearned portion (50 per cent.)

Accident

$ 176,984 86 $ 88,492 43

Employers' liability . 1,055,191 74 527,595 88

Burglary

9,396 49 4,698 24

Health

34,037 73 17,018 87

Plate glass

110,074 39 55,037 19

Steam boiler

33,535 65 16,767 83

Sprinkler

55,642 75 27,821 38

Total one year or less

$ 737,431 82

5. Gross premiums upon all unexpired risks, running more than one year

from date of policy :

Premiums. Unearned premi-

ums, pro rata.

Employers' liability

41,045 16 $ 27,935 67

Burglary

1,431 29 1,192 75

Plate glass

2,219 30

828 04

Steam boiler . . . .

98,498 78 54,814 64

Total more than one year

$

84,771 10

Total unearned premiums, as computed above (car-

ried out)

$ 822,202 92

11. All other liabilities, viz.: Safety reserve liability depart-

ment

75,000 00

Total amount of all liabilities

$ 1,314,626 68

12. Joint stock capital actually paid up in cash.S 750,000 00

13. Surplus beyond capital and other liabilities 722,78141 1,472,78141

Total

$ 2,787,408 09

COMPTROLLER-GENERAL'S REPORT.

423

Business in the Slate of Georgia during the Year.

flisk-s written. Premiums re- Losses paid. Losses in Amount at

ceiyed.

curred.

risk. End of

year.

Accident . . . $ ,180,550 00 $ 17,839 63 $ 7,891 38 $ 7,891 38 $2,470,100 00

Employers' lia-

bility . . 829,000 00 14,713 25 15,085 32 15,085 32 813,500 00

Burglary . . . 58,900 00

501 70

6 00

6 00 58,900 00

Health .... 275,000 00 1,057 17 430 07 430 07 278,750 00

Plate glass . . 38,134 00 2,409 43 674 89 674 89 41,187 00

Steam boiler . 420,000 00 1,194 10

537,500 00

Sprinkler . . . 48,000 00

504 88 155 42 155 42 43,000 00

Aggregate..$9,844,584 00 $ 38,220 17 $24,243 08 $24,243 08 $4,242,937 00

METROPOLITAN PLATE-GLASS INSURANCE COMPANY OP NEW YORK, N. Y.

EUGENE H. WINSLOW, President.

S. WJI. BENTON, Secretary.

Principal Office, 47 Cedar Street, New York City.

HENKY M. NORTH, Augusta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock 2. Amount paid up in cash

$ 200,000 00 200,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

$

12. Cash in company's principal office

$ 2,648 05

13. Cash belonging to the company deposited

in bank: Corn Exchange Bank, $26,-

536.18; King's Co. Trust Co , Brooklyn,

$11,290.33; Peoples' Trust Co., Brooklyn,

$1,590.40; U. S. Trust Co., Boston, $1,-

000.00; total

40,416 91

Total cash items 15. Interest due and accrued on stocks, not included in
" market value," uncollected. 17. Premiums in course of collection (net)
Plate glass on hand for losses Sundry accounts due for glass sold

Total assets of the company, actual cash market

value

$

500,294 50
43,064 96 1,940 00 31,895 66 2,107 15
339 13 579,641 40

424

COMPTROLLER-GENERAL'S REPORT.

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

5,537 53

6. Net amount of unpaid losses

7. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $332,319.68; unearned

premiums (fifty per cent)

$

$ 166,159 84

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 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

$

5,537 53
166,159 84 2,805 96
174,503 33 200,000 00 205,138 07 579,641 40

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$

3. Not collected

4. Gross premiums on risks written and re-

newed during the year

Plato Glass.
47,806 18 47,806 18 368,600 52

5. Total

$

6. Deduct premiums and bills in course of

collection at this date

416,406 70 52,271 14

7. Entire premiums collected during the year 361,135 56 8. Deduct reinsurance and return premiums. 40,647 56

9. Net cash actually received for premiums (carried out).. $ 11. Received for interests and dividends on stocks and bonds,
collateral loans and from all other sources 12. Income received from all other sources, omitting increase,
if any, in value of securities 13. Received for increase capital

15. Aggregate amount of income actually received during

the year in cash

$

323,488 00 16,843 89
355 00 100,000 00
440,086 89

COMPTROLLER-GENERAL'S REPORT.

425

V.--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses $ 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

Plate Glass.
103,994 83
3,719 22

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,-

agents and all other employees

8. Paid for State, national and local taxes in this and other

States

9. All other payments and expenditures, viz. : Agents' ex-

penses, $4,057.66; rent, $9,040.49; legal expenses,

$310.76; printing and postage, $3,412.11; profit and

loss, $448.66; sundries, $6,817.01; total

Aggregate amount of actual expenditures during the year in cash

100,275 61 120,000 00 110,469 56 37,887 00
9,789 32
24,0 86 69 402,508 18

Business in the State of Georgia during the Year.

Fire Risks.

Risks written (plate glass)

$ 100,276 25

Premiums received (gross)

2,255 75

Losses paid

526 17

Losses incurred

552 15

NATIONAL SURETY COMPANY OF NEW YORK, N. Y.

CHAS. A. DEAN, President.

BALLARD MCCALL, Secretary.

Principal Office, 346 Broadway, New York City.

W. T. CRENSHAW, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock

2. Amount paid up in cash

$

$ 500,000 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)

500,000 00
139,383 55 2,973 00

426

COMPTROLLER-GENERAL'S REPORT.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

$ 1,125,092 00

12. Cash in company's principal office

$ 3,952 60

13. Cash belonging to the company deposited

in bank

212,499 31

Total cash items

$

Net premiums in course of collection

15. Interest due and accrued on bonds and stocks, not in-

cluded in "market value," uncollected

Advanced on contracts (secured)

216,451 91 71,239 17
6,600 00 51,987 55

Total assets of the company, actual cash market

yalue

$ 1,613,72V 18

III.--LIABILITIES.

2. Gross losses in process of adjustment

$

3. Losses resisted by company on its own

account

25,360 07 62,632 87

4. Total gross amount of claims for losses $ 5. Deduct reinsurance thereon

87,992 94 9,548 10

6. Net amount of unpaid losses

7. Gross premiums without any deduction,

received and receivable upon all unex-

pired risks running one year or Jess from

date of policy, $749,346.32; unearned pre-

miums (fifty per cent.)

$

$ 374,673 16

78,444 84

11. Total unearned premiums as computed above(carried out) 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested viz.: Trust funds, $111,486.08; suspense account,
$531.88; for reinsurance, $3,018.32

374,673 16 115,036 28

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

568,154 28 500,000 00 1,045,572 90

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1^13 727 i&

IV.--INCOME DURING YEAR.

On Fidelity and
11. G/-,ross premi.ums and bills in course of col- Surety.

lection at close of last previous year, as

shown by that year's statement

$ 50,242 89

4. Gross premiums on risks written and re-

newed during the year

927 174 93

5- Total

~$ 977,417 82

COMPTROLLER-GENERAL'S REPORT.

427

6. Deduct premiums and b.lls in course of collection at this date

83,112 41

7. Entire premiums collected during the year. 8. Deduct reinsurance and return premiums.

894,305 41 133,436 82

9. Net cash actually received for premiums (carried out).. .$ 11. Received for interests and dividends on stocks and
bonds, collateral loans and from all other sources
12. Income received from all other sources, omitting increase, if any, in value of securities, viz.: Rents, $5,060.81;
trust funds, $20,645.04; suspense account (dr.), $7,671.38;
profit on sale or maturity of ledger assets during the
year, over book value, $150.00; total

15. Aggregate amount of income actually received during

the year in cash

$

760,868 59 40,576 83
18,184 47 819,629 89

-EXPENDITURES DURING YEAR.

Gross amount actually paid for losses (in-

cluding losses occurring in previous

years)

$

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

Fidelity and Suiety.
388,888 64
171,254 29

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

6. Paid for commissions or brokerage

7. Paid for salaries, fees and other charges of officers, clerks,

agents and all other employees

8. Paid for State, national and local taxes in th's and other

States.

9. All other payments and expenditures, viz.: Rent, $12,-

504.96; legal expenses, $19,129.99; real estate repairs

and expenses (other than taxes), $1,982.55; furniture

and fixtures, $3,380.44; advertising, $1,728.45; print-

ing and stationery, $24,17181; losses on ledger assets

actually sold or matured, under book value, $6,610.00;

inspection and loss expenses, $35,318.15; pcstage and

express, $21,765.55; telegraph and telephone, $3,152.86;

county surety, $5,793.30; traveling expenses, $9,473.95;

sundries, $11,849.88

Aggregate amount of actual expenditures during

the year in cash

$

217,634 35 50,000 00 118,969 53 181,726 21 17,291 13
156,861 89 742,483 11

428

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the Year.

,,.

.

, .

.t ire, marine and inland risks written

Fidelity and Surety Risks. $ 2 344 576 00

Premiums received (gross)

^ossespaid

Losses incurred

,

' g'003 2~
'''v..;'.;;;;:;:;;:;; ^^ S0599gs

NEW YORK PLATE GLASS INSURANCE COMPANY OF NEW YORK, N. Y.

MAX DANZIGER, President.

MAJOR A. WHITE, Secretary

Principal Office. 42 Cedar Street, New York.

J. C. CLARKE, Atlanta, Attorney for Service in Georgia.

1.--CAPITAL.

1. Whole amount of capital stock

$

2. Amount paid up in cash

100,000 00 100,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

10 ,, Vf?e 12. Cash in company's principal office . . . . 13. Cash belonging to the company deposited

$ 1,955 77

in bank: Real Estate Trust Co., $10,417.32; Central Realty Bond and Trust

Co., $15,793.95; Mechanics and Traders

Bank, $265.00; Philadelphia Trust, Safe

Deposit and Insurance Co., $3,719.41 ;

total

30,195 68

Total cash items

14. Amount of premium notes upon which policies have

been issued net not over three months due

451,550 00
32 ^ 45 62,030 00

Total assets of the company, actual cash market""
Value

III.--LIABILITIES.

2. Gross losses in process of adjustment or in suspense, in-

cluding all reported and supposed losses

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

plate glass risks running one year or less

from date of policy

$ 443 339 21

Unearned premiums (50 per cent.) .... 221^669 60

8. Gross premiums, without any deduction, received and

receivable upon all unexpired plate glass risks run-

ning more than one year from date of policy, $16,-

768.61; unearned premiums (pro rata)

.'.

545,731 45 6 946 82
221 669 61 8 342 94

COMPTROLLER-GENERAL'S REPORT.

429

14. Amount of dividends, declared but not yet due

$

17. Due and accrued for salaries, rent, advertising, and for

agency and other miscellaneous expenses, and return

premiums

Total

~

21. Joint stock capital actually paid up in cash

23. Surplus beyond capital and all other liabilities

24. Aggregate amountof all liabilities, including capital paid up and net surplus

5,000 00
3,972 23 245,931 60 100,000 00 199,799 85
545,731 45

IV.--INCOME DURING THE YEAR

On Plate Glass Risks
1 Gross premiums and bills in course of col-
lection at close of last previous year, as

shown by that year's statement

$ 50,112 35

3. Net collected 4. Gross premiums on risks written and re-
newed during the year, as shown in risk and premium exhibit

50,112 35 588,551 52

5. Total
6. Deduct premiums and bills in course of collection at this date

638,663 87 97 491 75

7. Entire premiums collected during the year 541,172 12 8. Deduct reinsurance and return premiums. 129,776 77

9. Net cash actually received for premiums (carried out)
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 ....:.
Total
15. Aggregate amount of income actually received during the year in cash

411,395 35 110 00
13,892 77 425,398 12
425,398 12

V--EXPENDITURES DURING THE YEAR.

On Piate Glass Risks.
1. Gross amount actually paid for losses (in-

cluding $3,234.84 losses occurring in pre-

vious years)

118,387 77

2. Deduct all amounts actually received for

salvages, total deductions

1,683 12

3. Net amount paid during the year for losses 4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year), 10 per cent

6. Paid for commissions or brokerage .

7. Paid for salaries, fees and other charges of officers, clerks,

agents, and all other employees ...

'

116,704 65
10,000 00 159,886 08
34,483 59

430

COMPTROLLER-GENERAL'S REPORT.

8. Paid for State, national and local taxes in this and other

States

$

9. All other payments and expenditures, viz.: Rent, $7,-

170.76; legal expenses, $119.49; furniture and fixtures,

$1,638.80; advertising, $78.53; stationery, $2,224.88;

and postage, suspense, traveling and general expense,

$10,733.86

9,266 49 21,966 32

Total

352,307 13

Business in the State of Georgia during the year.

P.ate Glass Risks.

Plate glass risks written

. . . . . $18,293 00

Premiums received (gross)

753 49

Losses paid

319 71

Losses incurred

244 71

NORTH AMERICAN ACCIDENT INSURANCE COMPANY OF CHICAGO, ILLINOIS.

E. E. CREPIN, President.

A. E. FORREST, Secretary.

Home Office, 425 Rookery Building, Chicago, Ills.

SHEPAHD BRYAN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $100,000.00. Sub-

scribed for

$

2. Amount of capital paid up

in cash

100,000 00 100,000 00

Amount of net ledger assets, December

31st, of previous year

$

Extended at

179,382 04 $

179,382 04

II.--INCOME DURING YEAR.

As shown by books at Home Office, December 31.

1. Gross premiums unpaid December 31st, last year, paid. $
2. Gross premiums written and renewed during year . . .

73,466 38 312,107 09

Total

$ 385,573 47

3. Deduct gross premiums now

in course of collection. . .

59,824 17

4. Entire premiums collected

during year.

%

5. Deduct re-insurance, abate-

ment, rebate and return

premiums

325,749 30 92,482 63

6. Net cash actually received for premiums, carried out. . $ 233,266 67

COMPTROLLER-GENERAL'S REPORT.

431

Interest on loans on mortgages of real

estate

i

Interest on collateral loans

10. Interest on bonds and dividends on stocks .

11. Interest on other debts due the company

and on deposit in bank

Total interest

3,818 94 391 66
2,728 76
439 37

Total income during the year.

$

Sum

$

III.--DISBURSEMENTS DURING YEAR.

As shown by books at Home Office, December 31.

Gross amount paid for

claims excepting weekly

indemnity

$

Give amount paid for week-

ly or other periodical in-

demnity

8,596 66 59,416 82

Total

$

Deduct re-insurances, salv-

ages and recoveries on

losses previously paid . . .

78,013 48 3,092 50

Net paid policy-holders

Commissions or brokerage to agents, less

received on reinsurance

Salaries, traveling and all expenses of

agents and agencies not on commission

account

Medical examiners' fees and salaries . .

Salaries and all other compensation of

officers, $18,162.46; and home office em-

ployees, $22,886.88

Taxes on premiums, $ ; taxes on

property, $

; insurance department

fees and agents' licenses

10. Eent (including $

for company's use

of own buildings) less $ from sub-

leases

11. Legal expenses,

12. Furniture and fixtures, $548.80; printing

and stationery, $5,623.14

13. Losses on ledger assets actually sold or matured, under book value
14. All other items, viz.: incidental expense, $5,611.27; postage, $2,456,10; adjusting claims, $1,421.25; traveling expenses, $3,-

525.10

Total miscellaneous expenses

$ 72,067 63
2,950 00 1,533 50
41,049 34
5,704 87
2,553 15 214 55
6,171 94 401 39
13,013 72

Total disbursements

$

7,378 73 240,645 4C 420,027 44
74,920 98
145,660 09 220,581 07

432

COMPTROLLER-GENERAL'S REPORT.

IV.--LEDGER ASSETS.

As per Ledger Accounts shown by the books at Home Office at Close of Business December 31st.

2. Mortgage loans on real estate, first liens . $ 3. Loans secured by pledge of bonds, stocks,
or other collaterals.... 4. Book value of bonds and stocks . ... 5. Cash in company's office, $1,654.38 ; de-
posited in bank, viz. : First National Bank, Chicago, ills., $1,082.28; Northern Trust Co., $17,021.82 : Central Bank, $4,925.85; American, $6,094.27; Alton National Bank, Alton, ills., $12.00; First National Bank, Eagle Pass, Texas, $53.62--total $29,189.84 6. Agents' debit balances, (secured) ....

74,550 00 8,000 00 82,43813
30,844 22 3,897 78

Total Deduct ledger liabilities: 8. Agents' credit balances
Total net ledger assets

$ 199,730 13 283 76

199,446 37

NON-LEDGER ASSETS.

10. Interest due and accrued on mortgages . . $ 11. Interest due and accrued on bonds and
stocks 12. Interest due and accrued on collateral
loans

417 16 65 85 146 80

Total outstanding interest 16. Furniture, fixtures and safes 18. Gross premiums in course of collection, to wit:
Not over three Unpaid Commismonths due. sion thereon. Net Premiums.
Accident . . $ 59,824 17 $ 14,956 04 % 44,868 13

Total net not over three months due

629 81 2,500 00
44,868 13

Gross assets

$ 247,444 31

DEDUCT ASSETS NOT ADMITTED.

2. Furniture, fixtures and safes

$

5. Depreciation from book values of above

ledger assets to bring same to market

value

2,500 00 526 78

Total

Total admitted assets

$

3,026 78 244,417 53

COMPTROLLER-GENERAL'S REPORT.

433

V,--NON-LEDGER LIABILITIES.

Accident

Known or Estimated exestimated; pensesincident proofs not filed, to settlement.
$ 6,118 18 $ 6,000 00

3. Net amounts of unpaid claim

account

$ 6,118 18 $ 6,000 00

Aggregate of unpaid claims and expenses

$

4. Gross premiums upon all unexpired risks,

running one year or less from date of

policy:

Accident premiums, $156,140.16 ; unearned

portion (50 per cent.)

$ 78,070 08

6,718 18

Total, one year or less

,

8. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued

Total amount of all liabilities . .

12. Joint-stock capitall actually paid up in

cash

$

13. Surplus beyond capital and other lia-

bilities

'

100,000 00 57,629 27

78,070 08
20,000 00 86,788 26

Total

$ 244,417 53

Accident.

Business in the State of Georgia during the Year.

Risks

Premiums Losses

Losses Amount at Risk.

Written.

Received.

Paid.

Incurred. Endot'Year.

$ 1,239,535 00 $ 2,729 86 $ 265 79 $ 390 79 $ 816,787 50

THE OCEAN ACCIDENT AND GUARANTEE CORPORATION, LIMITED, LONDON, ENGLAND.

OSCAR ISING, General Manager for the United States. American Head Office, 346 Broadway, New York City.
H. V. GODBOLD, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net ledger assets, December 31st

of previous year

$ 1,750,848 69

Extended at

$ i?75o,84S 69

II.--INCOME DURING YEAR.

As shown by books at home office, December 31st.

Accident.

1. Gross pre

mi urns un

paid Dec. 31

last year

paid....

8

28 in

6,769 94

Employers' Burglary. Liability.

Steam Boiler.

$ 73,276 72 { 12,096 55 $ 4,479 95 $

Credit.

434

COMPTROLLER-GENERAL'S REPORT.

2. Gross pre-

miums writ-

ten and re-

newed dur-

ing year

114,208 32

1,373,01 15

132.152 82

48,317 30

298,537 11

Total...8120,978 26 $1,446,344 87 8144,249 37 852,797 25

3. Deduct gross

premiums

now in

course of col-

lection

9,166 50 116,222 33 9,425 64 6 468 32

8298,537 11

4. Entire pre-

miums col-

lected during

the year 8111,81176

5. Deduct rein-

sur ance ,

abatem e n t,

rebate and

return pre-

miums

31,375 31

81,330,122 54 329,425 86

$134.923 73 43,380 71

$46,328 93 12,181 83

$298,537 11 2,871 68

6. Net cash actually r e ceived for premiums... .$ 81,436 45

$1,000 696

.,443 02 $34,147 10- $29>,665 43

Extended at 10. Interest on bonds and dividends ou stocks.! 11. Interest upon other debts due the company
and on deposits in bank

$ 1,503,388 63 31,512 03
1,197 49

Total interest

12. Profit on sale or maturity of ledger assets

during the year, over book values

"

13. Cash recovered for losses paid previous

years

14. Income from all other sources

14,627 50
5,240 24 156 91

32,709 52

Extended.

20,024 65

Total income during the year

$ 1,556,122 85

Bum

$ 3,306,971 54

III.--DISBURSEMENTS DURING YEAR.

As shown by books at home office, December 31st.

Accident. Employers' Burglary, Liability.
1 Gross amount paid f o r claim s excepti n g weekly indemnity. ..$ 5,400 00

Steam Boiler.

Credit.

COMPTROLLER-GENERAL'S REPORT.

435

2. Gross

amount

paid

for

weekly

o r

other

period-

ical in-

'demni-

ty

17,610 82

Totil..$23,010 82 3. D e-
duc t rein s u rancei, & a 1 v agesand
recoveries on losses pre viously Daid. .. 25 18

$353,614 04

127,11141 65 12

$10.905 14

$111,399 70 613 80

Net paid policyholders^^ 64 $353,604 04 $27,046 2D $10,905 14 $110,755 90--8525,297 01

3'. Loss adju-t m en t and expen s e s in settlement of
claims...

1,443 15

64,014 07

4,657 62

828 97

-- 70,943 81

Extended

$

4. Stockholders for interest or dividend (amount declared

during the year)

5. Commissions or brokerage to agents, less

received on reinsurance

$ 366,701 57

-6. Salaries, traveling and all expenses of

agents and agencies not on commission

accounr

15,727 65

7. -Inspections

5,912 96

8. Salaries and all other compensation of

officers and home office employees

124,024 01

9. Taxes on premiums

22,604 50

Insurance department fees and agents'

licenses, $6,499.38; municipal licenses,

1951.35

7,450 73

10. Rent

8,770 28

11. Legal expenses

3,972 22

12. Furniture and fixtures, $2,754.88; advertis-

ing, $2,826.37; printing and stationery,

$17,255.25

22,836 50

596,240 82 100,000 00

436

COMPTROLLER-GENERAL'S REPORT.

14. All other items, viz.: Postage and telegrams, $6,025.24; telephone, $618 07 ; discounts, $1,201.83; mercantile agency, $C,419.00; express, $1,596.20; general expenses, $7,101.16
Total miscellaneous expenses. '
Total disbursements

18.961 52 E96,961 94
$ 1,293,202 76

IV.--LEDGER ASSETS.

As per ledger accounts, shown by the books at the home office at close of business, December 31st.

4. Book value of bonds and stocks

$ 1,852,804 90

5. Cash in company's office, $6,316.75; deposited in banks,

Brown Bros. & Co., $38,491.26; Central National Bank,

$2,796.03--$41,287.29; trustees, $100,000.00

147,604 04

6 Bills' receivable, $7,442.50; agents' debit balances, $1,-

492.08

*

8,93458

7. All other items, viz.: Cash advanced to agents

4,425 26

Total net or ledger assets

$ 2,013,768 78

NON-LEDGER ASSETS.

11 Interest due and accrued on bonds and

stocks.. '

*

18,466 24

Total outstanding interest

$

18. Gross premiums in course of collection, to-wit. :

Not over thres Unpaid Commis- Net Premiums, months due. sions thereon

Accident

$ 9,166 50

Employers' lia-

bility

116,222 33

Burglary.'.

9,425 (it

Steam boiler... 6,468 32

$2,337 46
29,636 69 2,403 54 1,649 42

$ 6,829 04
86,585 64 7,022 10 4,818 90

18,466 24

$141,282 79 $36,027 11 $105,255 68

Total net not over three months due

'. -- 105,255 68

Gross assets

2,137,490 70

DEDUCT ASSETS NOT ADMITTED.

2. Cash advance to agents on account of

future compensations

I

4. Agents' debit balances (unsecured), $1,492.08; bills receivable (unsecured),

$7,442.50 5. Depreciation from book values of above
ledger assets to bring same to market value, December 31

Total

Total admitted assets

4,425 26

8,934 58

28,513 65

41,873 49

* 2,095 017 21

COMPTROLLER-GENERAL'S REPORT.

V.--NON-LEDGEK LIABILITIES.

In process of adjustment.

Resisted by Company on its own account. (Not outlawed.)

Accident

$

Employers'

liability

Burglary

Steam boiler.. .

Credit

14,351 00
22,360 00 2,470 00

1,000 00

Resisted for Assured.
$ 219,815 00 555 00

Net amount of unpaid claim account $ 39,181 00

$ 100,000 00

$ 220,370 00

Aggregate of unpaid claims and expenses

$

4. Gross premiums upon all unexpired risks,

running one year or less from date of

policy:

Accident, premiums, $77,440.82; unearned

portion (fifty per cent.)

$ 38,720 41

Employers' liability, premiums, $575,722.81;

unearned portion (fifty per cent.)

287,861 42

Burglary, premiums, $88,368.26 ; unearned

portion (fifty per cent.)

44,184 13

Steam boiler, premiums, $17,753.78; un-

earned portion (fifty per cent.)

8,876 89

Credit, premiums, $289,184.59; unearned

portion (fifty per cent.)

144,592 30

260,551 00

Total, one year or less

$

5. Gross premiums upon all unexpired risks,

running more than one year from date

of policy:

Employers' liability, premiums, $10,159.77;

unearned premiums (pro rata)

Burglary, premiums, $12,936.49; unearned

premiums (pro rata)

Steam boiler, premiums, $39,036.73; un-

earned premiums (pro rata)

524,235 15
6,283 61 5,106 25 24,478 51

Total, more than one year

35,868 37

6. Total unearned premiums, as computed above (carried

out)

$

8. Salaries, reuts. expenses, taxes, bills, accounts, fees, etc.,

due or accrued

560,103 52 46,230 14

Total amount of all liabilities 13. Surplus beyond capital aud other liabilities

$ 866,944 66 1,228,672 55

Total

$ 2,095,617 21

438

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia During the Year 1903.

Kisks Written.

Accident

$1,345,500 00

Employers'liability.. 1,507,483 27

Burglary

305,050 00

Steam boiler

25,000 00

Credit

150,000 00

Premiums Received.
$ 4,284 98 4,883 48 1,150 46 110 00 10,145 00

Losses Paid.
$ 998 03 5,700 51
1,692 83

Losres Incurred.
$ 998 035,700 51
1,692 83

Aggregate

$3,333,033 27 $ 20,573 92 $ 8,391 37 $ 8,391 37

PENNSYLVANIA CASUALTY COMPANY OF SCRANTON, PA.

W. W. WATSON, President,

F. H. KINGSBURY, Secretary.

Principal Office, 701 Connell Building, Scranton, Pa.

D. P. COLEMAN, Atlanta, Attorney for Service in Georgia,

i.--CAPITAL,.
1. Whole'amount of capital stock ....$ 2. Amount paid up in cash

100,000 00 100,000 00

II.--ASSETS.

7. Amount of other loans

$

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

12. Cash in company's principal office. . . .

3,351 11

13. Cash belonging to the company deposited

in bank: Traders National Bank of

Scranton, Pa., $1,589.18; Merchants and

Mechanics Bank of Scranton, Pa., $404.57

Third National Bank of Scranton, Pa.,

$2.60; County Savings Bank and Trust

Co., $115.74

11,112 09

Total cash items

15. Interest due and accrued on stocks not included in " mar-

ket value " uncollected, interest on bonds

17. Cash in hands of agents and in course of transmission .

Deposit with insurance department of

Pennsylvania for the protection of all

policy-holders

100,000 00

Secured notes

2,403 38

Net premiums in course of collection . . .

22,657 70

Total assets of the company, actual cash market value

1,250 00 16,650 00-
14,463 20 160 00
2,545 15
125,06108160,129 4a

III.--LIABILITIES.
2. Gross losses in process of adjustment or in suspense, including all reported and supposed losses

4 267 84

COMPTROLLER-GENERAL'S REPORT.

439

3. Losses resisted, including interest, costs

and other expenses thereon

$

4,600 00

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 casualty risks running one year or less from date of policy

8,867 84 $
92,286 02

Unearned premiums (50 per cent.) 8. Gross premiums, without any deduction,
received and receivable upon all unexpired casualty risks running more than one year from date of policy, $8,748.59 ; unearned premiums (pro rata)

46,143 01 4,861 21

11. Total unearned premiums as computed above (carried out)
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

8,867 84
51,004 22 59,872 06 100,000 00
257 37 160,129 43

IV.^INCOME DURING THE YEAR.

1. Gross premiums and bills in course of collection at close of last previous year, as shown by that year's statement ....
4. Gross premiums on risks written and renewed during the year, as shown in risk and premium exhibit

On Casualty Risks.
27,989 54
88,826 74

; 5. Total 6. Deduct premiums and bills in course of
collection at this date

116,816 28 34,433 57

7. Entire premiums collected during the year: Cash, all
8. Deduct reinsurance and return premiums.

82,382 71 997 21

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.: Revenue stamps and furniture sold

15. Aggregate amount of income actually received during the year in cash

81,385 50 730 00
2,791 54
37 66 84,944 70

440

COMPTROLLER-GENERAL'S REPORT.

V.--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (in-

cluding $--losses occurring in previous

year

$

On * a-ual',y Risks.
52,035 16

3. Net amount paid during the year for losses 6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers, clerks,
agents, and all other employees 8. Paid for State, national and local taxes in this and other
States
9. All other payments and expenditures, viz.: Legal expenses, printing and stationery, postage, advertising, rent, miscellaneous expenses

52,035 16 26,809 17 15,281,05 2,481 23
12,043 34

Total

108,652 95

Aggregate amount of actual expenditures during the year

iu cash

108,652 95

Business in State of Georgia during the year.

Casualty risks written

Casualty Risk^.
$ 341,550 00

Premiums received (gross)

935 56

Losses paid

1,806 63

Losses incurred

1,448 70

PACIFIC SURETY COMPANY, SAN FRANCISCO, CALIFORNIA.

WALLACE EVERSON, President.

A. P. REDDING, Secretary.

Principal Office, 326 Montgomery Street, San Francisco, Cal.

H. S. JACKSON, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of cipital stock

paid up in cash

$ 250,000 00

Amount of net ledger assets, December

31st of previous year

$

Extended at

333,669 66 $

333,669 66

11.--INCOME DURING YEAR 1902.

As Shown by Books at Home Office December 31st.

. .-,

.

1. (irosspremiums unpaid De-

cember 31, last year

$

2. Gross premiums on risks

written and renewed dur-

ing the year

Surety.

Plate Glass.

12,897 32 % 3,624 00

79,177 51

39,06137

Total

92,074 83

42.6S5 37

COMPTROLLER-GENERAL'S REPORT.

441

3. Deduct gross premiums in

course of collection at this

date

$

10,524 33

$ 6,617 99

Entire premiums collected during the year
Deduct reinsurance, abatement, rebate and return premiumsi

81,550 50 15,544 46

36,067 38 3,126 34

6. Net cash actually received for premiums (carried out) 66,006 04
Interest on loans on mortgages Interest on Savings Bank deposits Interest and dividends on stocks and
bonds 10. Interest upon other debts due the com-
pany....

32,94104$ 7,413 84 1,190 17

98,947 08

8,477 40

348 22

Total interest 12. Profit on ledger assets actuallysold during
the year, over cost 14. Income from all other sources, viz.: Casli
recovered from losses paid in previous years

893 75

17.429 63

1,766 57

2,660 32

15. Total income actually received during the year, in cash. 119,037 03

Aggregate last balance and income

$ 452,706 69

II.--DISBURSEMENTS DURING YEAR.

As Shown by Books at Home Office December 31st.

1. Gross amount paid for ma-

tured claims other than

weekly indemnity....

$

Surety. Plate Glass. 8,048 14 $ 13,789 64

Total 3. Deduct reinsurances and sal-
vages, including recoveries on account of losses previously paid

8,048 14 125 00

13,789 64 90 92

7,923 14

13,698 72

Net paid policy-holders To stockholders for interest or dividends
6 per cent o. Commissions to agents 6. Salaries, traveling and all expenses of
agents and agencies not on commission account Salaries and all other compensation of officers, $11,400.00; and home office employees, $4,250.00

15,000 00 21,786 77
3,890 06
15,650 00

21,621 86

442

COMPTROLLER-GENERAL'S REPORT.

9. Taxes on premiums, $885.69; taxes on mortgages, $2,303.96; insurance department fees and agents' licenses, $854.90 ; municipal licenses, $65.00 ; franchise tax, $25.00. f
10. Rent 11. Legal expenses 13. Advertising, $1,144.24; and general print-
ing and stationery, $1,884.59 14. Losses on ledger assets actually sold under
cost 15. All other items, viz.: General office ex-
pense
Total
16. Total disbursements

4,134 55 1,440 00 2,595 75 3,028 83
62 58 2,734 22
$

70,322 76 91,944 62

in.--ASSETS.

As per Ledger Accounts, Shown by Books at Home Office December 81st.

1. Book value of real estate

(

2. Loans on mortgages on real estate

3. Savings Bank deposits

4. Book value of bonds and stocks owned ab-

solutely

5. Cash in company's office

6. Cash deposited in banks

9. All other items

Total

if

3,761 32 98,288 66 29,345 05
211,720 00 989 17
13,008 31 3,850 00 360,962 51

DEDUCT LEDGER LIABILITIES.

10. Agents' credit balances, $ ; borrowed

money, $ ; all other

$

11. Total net ledger assets

200 44 $ 360 762 07

OTHER, OR NON-LEDGER ASSETS.

12. Interest due, *
gages 14. Interest due, $
Bank deposits

and accrued on mort-
$ and accrued on Savings

373 00 479 13

17. Total outstanding interest

$

18. Market value of real estate over book value

19. Market value of bonds and stocks over book value

20. Gross premiums in course of collection, to wit,

not over three month due : 25. Surety premiums, $7,492.43 ; unpaid com-

mission thereon, $1,248.74; net 26. Plate Glass premiums, $5,456.96; unpa.d

6,243 69

commission thereon, $1,818.99; net

3,637 98

852 13 238 68 9,243 50-

COMPTROLLER-GENERAL'S REPORT.

443.

28}. Over three months due: Surety, $3,031.90; Plate Glass, $1,161.03.
29. Total gross outstandingpremiums : Surety, $10,524.33; Plate Glass, $6,617.99.

Total net amount of outstanding premiums

$

Premiums in course of collection, Decem-

ber 31,1901

$

Paid (see item 1 of income)

Plate Glass.
3,837 33 $ 213 33
3,624 00

9,881 67 380,978 05
Surety.
14,629 66 1,732 34 12,897 32:

IV.--NON-LEDGER LIABILITIES.

In process of

adjustment.

Surety

| 2,500 00

Steam Boiler.

Resisted by company on
its own account.
$ 25,000,00

Resisted for employees.
$ 2,500 00

Total gross

amount 0 f

claims

$

2,500 00 $ 25,000 00 $ 2,500 00

3. Net amounts

of unpaid

claim ac-

count

$

2,500 00 $ 25,000 00 $ 2,500 00

Aggregate of unpaid claims and expeilses

$

4. Gross premiums upon all unexpired risks,

running one year or less from date of

policy :

Surety, premiums, $59,951.11; unearned por-

tion (50 per cent)

29,975 55

Plate Glass, premiums, $36,632.43; unearned

portion (50 per cent)

18,316 22

Total one year or less

$

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

$ 250,000 00

12. Surplus beyond capital and other liabilities 52,686 28

13. Aggregate amount of all liabilities, including paid up

capital stock and net surplus

$

30,000 00
48,291 77 48,291 77 78,291 77 302,686 28 380,978 05

444

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia During the Year 1902.

Risks

Written.

Surety

$ 24,000 00

Plate Glass. 56,794 00

Premiums Received.
$ 96 66 1,419 86

Aggregate. 80,794 00 1,516 52

Losses Paid.
332 16 332 16

Losses Incurred.
332 16 332 16

THE PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK, N. Y.

PHINEAS C. LOWNSBURY, President. KIMBALL C. AT WOOD, Secretary. JOHN S. OWENS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Whole amount of capital stock

f

2. Amount paid up in cash

200,000 00 $

200,000 00

II.--ASSETS.

D. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value $

12. Cash in company's principal office .... $ 4,855 91

13. Cash belonging to the company deposited

in bank: Merchants' Exchange Na-

tional Bank, New York City

123,058 96

826,142 50

Total cash items 15. Interest due and accrued on stocks not included in
"market value" uncollected 17. Cash in hands of agents and in course of transmission

127,914 87
6,026 25 104,877 50

Total assets of the company, actual cash market

value

$ 1,0154,961 12

in. --LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

3. Losses resisted, including interest, costs

and other expenses thereon

4. Total gross amount of claims for losses. .

6. Net amount of unpaid losses. 7. Gross premiums without any deduction,
received and receivable upon all unexpired fire risks running one year or less from date of policy, $879,807.14; unearned premiums (fifty per cent.)

44,337 50 28,975 00 73,312 50
$
439,903 57

73,312 50

OOMPTROLLER-GENEKAL'S REPORT.

445

Special premium reserve on installment

policies

$

67,066 31

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 ....

580,282 38 200,000 00 284,678 74

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,064,961 12

IV.--INCOME DURING YBAB.

As shown by the books at home office, December 31st.

Accident.
1. Gross premiums unpaid December 3l, last

year paid

$ 135,575 00

2. Gross premiums written and renewed

during the year

1,186,305 06

Total

1,321,880 06

3. Deduct gross premiums now in course of

collection

149,825 00

4. Entire premiums collected during the year 1,172,055 06

5. Deduct reinsurance, abatement, rebate,

and return premiums

4,677 66

6. Net cash actually received for premiums (carried out) . $ 1,167,377 40

10. Interest on bonds and dividends on stocks,$ Total interest Total income during the year

20,113 75 20,113 75
$ 1,187,491 15

V.--DISBURSEMENTS DURING YEAR.

As shown by the books at home office, December 31st.

Accident.
1. Gross amount paid for claims excepting

weekly indemnity

$ 120,811 55

2. <^ross amount paid for weekly or other

periodical indemnity

292,003 94

Total
3. Net paid policy-holders 5. Stockholders for interest or dividend
(amount declared during the year) ... $ ii. Commission or brokerage to agents, less
received on reinsurance 7. Salaries, traveling and all expenses of
agents and agencies not on commission account 8. Medical examiners' fees and salaries, $18,725.30; inspection, $3,670.85-

412,815 49 $
12,000 00 359,271 32
46,725 75 22,390 15

412,815 49

446

COMPTROLLER-GENERAL'S REPORT.

9. Salaries and all other compensation of of-

ficers, $24,000.00; and home office em-

ployees, $55,625.25

$

10. Taxes on premiums, $14,669.20; taxes on

property, $

; insurance department

fees and agents' licenses, $4,864.24; mu-

nicipal licenses, $2,299.51; tax on fran-

chise, $143 57

11. Rent (including $22,825.00 for company's

use of own building)

12. Legal expenses

13. Furniture and fixtures, $1,033.58; adver-

tising, $26,560.50; printing and stationery,

$27,945.62

All other items . .

Total miscellaneous expenses

15. Total disbursements

79,625 25
21,976 52 22,825 00
7,642 24
55,539 70 30,788 27
658,790 20 $ 1,071,605 69

Business in the State of Georgia during the Year.

Accident.

Risks written

$ 6,427,250 00

Premiums received (gross)

18,450 00

Losses paid

12,493 52

Losses incurred

15,092 39

STANDARD LIFE AND ACCIDENT INSURANCE COMPANY, OF DETROIT, MICHIGAN.

D. M. FERRY, President.

E. A. LEONARD, Secretary.

Principal Office, 119 Griswold Street.

A. L. WALDO, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$250,000 00 250,000 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, $1,-
712.45 ;'.interest accrued thereon, $5,874.72 ; total. . . . 5. Value of buildings mortgaged (insured for
$224,300.00 as collateral).

7. Amount of other loans

1,137,075 00

9. Total par and market value of sticks and bonds owned

absolutely by the company, carried out at market value

61,321 45 441,803 63
7,587 17
745,005 00

COMPTROLLER-GENERAL'S REPORT.

447

12. Cash in company's principal office .... $ 13. Cash belonging to the company deposited
in bank: People's Savings Bank, Detroit

199 14 103,561 98

Total cash items

$

14. Amount of taxes paid on mortgages

15. Interest due and accrued on stocks not included in "mar-

ket value" uncollected

16. Interest due and accrued on other assets

17. Net premiums in course of collection

103,761 12 77 43
7,187 59 187 50
182,371 25

Total assets of the company, actual cash market

value

1,549,302 14

III. --LIABILITIES.

1. Accident losses resisted by company on its own account
2. Accident losses in process of adjustment. . 3. Health losses in process of adjustment. . 4. Employers' liability losses, estimated
amount incident to settlement

28,700 00 48,350 00 3,800 00
249,724 02

6. Net amount of unpaid losses 7. Gross premiums without any deduction, re-
ceived and receivable upon all unexpired accident risks running one year or less from date of policy (Unearned premiums (50 per cent.) .... 8. Gross premiums, without any deduction, received and receivable upon all unexpired health risks, $73,69935 ; unearned premiums (50 per cent.) D. Gross premiums, without any deduction (including both cash and bills), received and receivable upon all unexpired employers' liability risks, $456,848.45; unearned, 50 per cent

654,166 39 327,083 20
36,849 60
228,424 22

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 contested, viz.: *Return premium, $9,904.65 ; reinsurance,
$2,579.97 Contingent fund

Total
(,*Being n% per cent, estimated cancellation on the outstanding premiums, less reserve.)

330,574 02
592,357 10 7,500 00 12,484 62 40l0O0 00
982,915 74

448

COMPTROLLER-GENERAL'S REPORT.

21. Joint stock capital actually paid up in cash 23. Surplus beyond capital and all other liabilities
24. Aggregate amount of all liabilities, including capital paid up and net surplus

250,000 00 316,386 40
1,549,302 14

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in course of collection at close of last previous
year, as shown by that year's statement . . $ 4. Gross premiums on risks written and r e newed during the year, as shown in risk and premium exhibit

Accident.
130,895 78 935,23128

Employers' Liability.

Health.

56,659 24 25,908 03

618,204 67 101,066 09

5. Total ..... 6. Deduct pre-
miums and bills in course of collection at this date . . .

1,066,127 06 170,908 23

674,863 91 54,812 52

126,974 12 25,S25 79

7. Entire premiums collected during the year
8. Deduct reinsurance and return premiums

895,218 83 193,957 31

620,051 39 72,268 34

101,148 33 24,345 37

9. Net cash actu-

ally received

for premiums (carried out) . 701,261 52 547,783 05

76,802 96

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 . . .... .

1,825,847 53 21,790 09
26,774 70

COMPTROLLER-GENERAL'S REPORT.

449

"12. Income received from all other sources, omitting in-

crease, if any, in value of securities, viz : Rents, $676.25;

interest, $1,923.38

$

Suspense account

2,599 63 774 92

35. Aggregate amount of income actually received during

the year in cash

1,377,786 87

V.--EXPENDITURES DURING YEAR.

Accident.

1. Gross amount actually paid for losses (including $ losses occurring in previous years) . . . .$
:2. Deduct all amounts actutually received for salvages, (whether o n losses of the last or of prev i o u s year,) $ , and all amounts actually received for reinsurances in other companies, $--; total deductions reinsur-
ance

348,958 21 4,774 61

Employers' Liability.
209,394 52
123 50

Health.
42,433 07
...

3. Net amount paid during the
year for losses.. 341,183 60 209,27102 42,433 07 4. Cash dividends actually paid stockholders (amount of
stockholders' dividends declared during the year). . . 5. Adjustment 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
29 in

595,887 69
25,000 00 12i684 50 356,444 97
114,029 36
37,493 66

450

COMPTROLLER-GENERAL'S REPORT.

All other payments and expenditures, viz : Inspections

$12,137.50; rent, .$8,407.78 ; real estate expense, $233.00-

real estate taxes, $687.32; furniture and fixtures,

$649.65; advertising, $6,003.72; printing and station-

ery, $8,947.42; postage, telegraph and express, 86,918.87;

revenue, 8133.08; traveling expenses of officers and

home office employees, $4,591.25; general expense, $4,-

879.86; total

S

53.589.45>

Aggregate amount of actual expenditures during

the year in cash

1,195,129 63

Business in the State of Georgia during the Hear.

Accident Risks. Health Risks. Asrsregate.

Accident and health risks written $ 2,153,850 00 $ 82,900 00 8 2,236,750 00

Premiums received (gross) . . .

18,429 54

1,383 30

19,812 84

Losses paid

9,974 94

1,016 02

10,990 96

Losses incurred

9,974 94

1,016 02

10,990 96-

THE THAMES & MERSEY MARINE INSURANCE COMPANY OF GREAT BRITAIN.

H. K. FOWLER, Manager. Principal Office, 69 Wall Street, New York. A. L. FARIE, Savannah, Attorney for Service in Georgia.

I.--CAPITAL.
Amount paid up in cash

$ 1,000,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market value

12. Cash in company's principal office .... $

55 46

13. Cash belonging to the company deposited in

bank: National City Bank

3,813 91

Total cash items

.

17. Cash in bauds of agents and in course of transmission :

Premiums not over three mouths due

All other assets, both real and personal, viz.: Due from

other companies for reinsurance on losses already paid,

China Mutual $533.25 ; Reliauce Marine, 843.90 ; Atlan-

tic Mutual, $2.97; total

Total assets of the company, actual cash market value

530,455 00
3,SH9 37 74,715 5-1
580 12 609,620 OS

COMPTROLLER-GENERAL'S REPORT.

451

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$ 159,207 00

5. Deduct reinsurance thereon

7. Gross premiums without any deduction,

received and receivable upon all unex-

pired marine risks running one year or

less from date of policy, $

; unearn-

ed premiums (fifty per cent.) $63,925.72

9. Gross premiums, without any deduction,

(including both cash and bills), received

and receivable upon all unexpired inland,

navigation and marine risks, $21,768.67 ;

one hundred per cent

10. Gross premiums, without any deduction,

received and receivable on all unexpired

marine risks

13,541 00 $ 145,663 00 31,962 86 21,768 67 85,6fl4 39

11. Total unearned premiums as computed above (carried

out)

'

$

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and con-

tested, viz.: Commissions due brokers, $3,451.77; pre-

miums due, etc., insurance companies, $4,860.82 . . .

53,731 53 3,312 59

20. Total amount of all liabilities, except capital stock, scrip, and net surplus
23. Surplus beyond capital and all other liabilities ....

207,707 12 401,912 91

24. Aggregate amount of all liabilities, including capital""

paid up and net surplus

$ 609,620 03

IV.--INCOME DURING THE YEAR.

Marine and

Inland Risks.
1. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement .... $ 59,876 26

2. Deduct amount of same not collected ...

90 99

3. Net collected 4. Gross premiums on risks written and re-
newed during the year

59,785 27 579,107 82

5- Total 0. Deduct premiums and bills in course of
collection at this date

G38.893 09 75,491 76

7. Entire premiums collected during the year 563,40133 8. Deduct reinsurance and return premiums 70,573 19

452

COMPTROLLER-GENERAL'S REPORT.

9. Net cash actually received for premiums (carried out) . $ 492,828 14

10. Received for interest on bonds and mortgages

8,563 72

15. Aggregate amount of income actually received during

the year in cash

$ 501,391 86

V--EXPENDITURES DURING THE YEAR.

Marine and Inland risks. 1. Gross amount actually paid for losses (in-

cluding $116,874.34 losses occurring in

previous years)

$ 357,812 66

2. Deduct all amounts actually received for

salvages, (whether on losses of the last

or of previous years), $22,459.22; and all

amounts actually received for reinsur-

ances in other companies, $60,737.83;

total deductions

83,197 05

3. Net amount paid during the year for losses

$

<>. 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.: Office rent,

stationery, postage, cablegrams, etc

274,615 61 41,567 76
29,690 94
11,120 20
11,863 00

Total 10. American branches of foreign companies will please
report amount sent to home offices during the year . .

368,857 51 132,873 29

Aggregate amount of actual expenditures during the year in cash

501,730 80

Business in the State of Georgia during the Year. Marin > and lniand risks.

^Marine and inland risks written

$ 1,083,398 00

Premiums received (gross) .

2,833 72

THE TITLE GUARANTY AND TRUST COMPANY, SCRANTON, PA.

L. A. WATERS, President.

D. B. ATHERTON, Secretary.

Temporary Quarters, No. 135 Washington Ave., Seranton, Pa.

A. W. SMITH, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $750,000.00. Sub-

scribed for

$

2. Amount of capital paid up iu

cash

750,000 00 750,000 00

COMPTROLLER-GENERAL'S REPORT.

453

Amount of net ledger assets, December

31st of previous year

$

Increase of capital during 1902

Extended at

498,640 68 462,000 00
$

960,640 68

II.--INCOME DURING YEAR.

As shown by books at home office, December 31st.

Fidelity anu Surety.
1. Gross premiums unpaid December

Title,

31, last year paid

.$ 394 50

2. Gross premiums written and renewed

during year

6,770 50 $ 380 93

Total

. . $ 7,165 00 $ 380 93

3. Deduct gross premiums now in course

of collection

1,209 00

4. Entire premiums collected during

the year

$ 5,956 00

5. Deduct reinsurance, abatement, re-

bate and return premiums .... 232 53

6. Net cash actually received for premiums (carried out] . $

8. Interest on loans on mortgages of real

estate

$ 4,763 59

9. Interest on collateral loans

18,595 37

10. Interest on bonds and dividends on stocks. 42,324 01

11. Interest upon other debts due the company

and on deposits in bank

3,666 14

6,104 40

Total interest 14. Income from all other sources, viz.: Com-
missions, sales of securities and trust premiums Increase of deposits, $906,844.95; surplus fund, $225,000.00

24,828 70 1,131,844 95

69,349 11

Extended

1,156,673 65

Total income during the year

$ 1,232,127 16

III.--DISBURSEMENTS DURING YEAR.

As shown by books at home office, December 31st.

8. Salaries and all other compensation of officers and home

office employees

$

9. Taxes on property, $293.05; tax on franchise, $2,543.84. . 10. Rent (including $1,125.00 for company's use of own
building)

12. Advertising, $2,256.40 ; printing and stationery, $828.38 . 14. All other items, viz.: General expense, several depart-
ments

Interest paid to depositors

Total disbursements

$

14,063 10 2,836 89
1,125 00 3,084 78
H;846 55 24,855 97 57,812 29

454

COMPTROLLER-GENERAL'S REPORT.

IV.--LEDGER ASSETS.

As per ledger accounts, shown by the books at home office at close of business, December 31st.

1. Book value of real estate (unincumbered)i

$

2. Mortgage loans on real estate (first liens)

3. Loans secured by pledge of bonds, stocks or other col-

laterals and endorsed paper

4. Book value of bonds (excluding interest, $839,500,001 and

stocks, $284,000.00

5. Cash in company's office, $29,827.77; deposited in banks,

County Saving Bank and Trust Co., Scranton, $83,-

138.55; North American Trust Co., New York City,

$4,707.82; Liberty National Bank, New York City,

$57,747.48; Franklin National Bank, Philadelphia,

Pa., $31,601.44; Commercial Trust Co., Philadelphia,

Pa., $9,733.66--1186,928.95

7. All other items, viz.: Judgments and claims, $2,443.82 ;

furniture and fixtures, $14,094.91

44,710 71 172,693 52 500,752 87 1,123,500 00
216,756 72 16,541 73

Total net ledger assets

$ 2,134,955 55

NON-LEDGER ASSETS.

10. Interest due, $1,333.78, and accrued, $1,-

419.74 on mortgages

$

11. Interest due, $ , and accrued on bonds

and stocks

2,753 52 9,822 93

15. Total outstanding interest

$

16. Market value of real estate over book value : Building

now in course of erection.

17. Market value of bonds and stocks over book value, not

including interest in item 11

18. Gross premiums in course of collection, to wit :

12,576 45 38,420 00

Not over three months aue.
Fidelity and surety . $ 464 00

Net Premiums. More than three months due.
(not carried in.}
$ 464 00 $ 745 00

Total net not over three months due

$

464 00

Gross assets

$ 2,186,416 00

DEDUCT ASSETS NOT ADMITTED.
2. Furniture, fixtures and safes

$ 14,094 91

Total admitted assets

$ 2,172,321 09

V.--NON-LEDGER LIABILITIES.
4. Gross premiums upon all unexpired risks, running one year or less from date of policy:
Fidelity and surety, premiums, $7,372.82; unearned portion (fifty per cent.) . . . .$

3,686 41

Total one year or less

$ 3,686 41

COMPTROLLER-GENERAL'S REPORT.

455

5. Gross premiums upon all unexpired risks

running more than one year from date

of policy:

Total more than one year

$

3,686 41

6. Total unearned premiums as computed above (carried out)$ 3,686 41

11. All other liabilities, viz.: Due depositors

1,112,698 76

Total amount of all liabilities

5 1,116,385 17

12. Joint stock capital actually paid up in cash. $ 750,000 00

13. Surplus beyond capital and other liabilities 305,935 92

Extended

1,055,935 92

Total

$ 2,172,321 09

-GREAT EASTERN CASUALTY AND INDEMNITY CO. OF NEW YORK, N. Y.

CORNELIUS VAN COTT, President.

Louis H. FIBEL, Secretary.

Home Office, No. 290-294 Broadway, New York City.

IKE WINSHIP, Macon, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $125,000.00; sub-

scribed for

$ 125,000 00

2. Amount of capital paid up in

cash

125,000 00

Amount of net ledger assets December 31

of previous year

$

Extended at

214,322 74 $ 214,322 74

II.--INCOME DURING YEAR.

As shown by the books at home office at close of business, December 31.

Accident.
1. Gross premiums unpaid December 31 last

year paid

% 20,U5 16

2. Gross premiums written and renewed during year

226,024 15

Total

$ 246,139 31

3. Deduct gross premiums now in course of collection

19,026 50

4. Entire premiums collected during year . . $ 227,112 81

5. Deduct re-insurance, abatement, rebate

and return premiums

53,535 85

6. Net cash actually received for premiums (carried out. . $ 173,576 96 10. Interest on bonds and dividends on stocks. $ 7,050 00

456

COMPTROLLER-GENERAL'S REPORT.

11. Interest upon other debts due the com-

pany, and on deposits in bank

$

336 65

Total rents and interest

$

15. Income from all other sources, viz.: Tax, $7.50; license

and fees, $407.8*; medical examiner, $2.00; return

premiums, $199.59; stationery, $6.50; expense, $85.00;

claim, $560.25; commissions, $1,678.17

7,386 652,946 84

Total income during the year

$ 183,910 45

Sum of both amounts

$ 338,233 19

III.--DISBURSEMENTS DURING YEAR.

As shown by the books at home office at close of business, December SI.

1. Gross amount paid for claims excepting

weekly indemnity

$

2. Gross amount paid for weekly or other

21,175 00

periodical indemnity

44,034 97

4. Net paid policy-holders 5. Stockholders for interest or dividends
(amount declared during the year) . . . S 6. Commissions or brokerage to agents, less
received on reinsurance 7. Salaries, traveling, and all other expenses
of agents and agencies, not on commission account 8. Inspections 9. Salaries and all other compensation of officers, $16,800.00; home office employees, $4,449.00 10. Taxes on premiums, $1,653.01 ; insurance department fees and agents' licenses, $781.50; municipal licenses, $475.00; tax on franchise, $683.40 11. Rent 12. Legal expenses, $ ; real estate repairs and expenses (other than taxes) .... 13. Furniture and fixtures, $147.30; advertising, $806.75; printing and stationery, $3,111.07 15. All other items viz.: Postage, $1,200.00; return premiums, $1,683.27; traveling expense, $1,995.70; general expense, $3,602.57; journal sub., $103.25

f 6,250 00 58,238 69
690 00 662 00
21,249 00
3,592 91 1,850 00 2,122 70
4,064 62
8,584 19

65,209 97"

16. Total miscellaneous expenses

107 304 11'

Total disbursements

$ 172,514 OS

COMPTROLLER-GENERAL'S REPORT.

457

IV.--LEDGER ASSETS.

As per ledger accounts shown by books at home office at close of business December 81.

4. Book value of bonds (excluding interest), $141,386.67, and stocks, $62,375.00 .... $
5. Cash in company's office, $6,446.13 ; deposited in banks--National Park Bank, $13,744.88; Western National Bank, $1,766.43--$15,511.31

203,761 67 21,957 44

10. Total net ledger assets

$ 225,719 11

NON-LEDGER ASSETS.

12. Interest due and accrued on bonds and

slocks

$

14. Interest due and accrued on other assets .

1,668 36 8 49

16. Total outstanding interest and rents

$

18. Market value of bonds and stocks over book value (not

including interest in item 12)

19. Gross premiums in course of collection, to-wit:

Not over three UnpudCommomhs due. missions
thtre n.
Accident.$18,226 50 $ 5,467 95

Net Premiums.
$ 12,758 55

More than ihree months due.
(not carried in.)
$ 800 00

Total net premiums not over three months due. .

Total admitted assets

$

1,676 85 9,232 08
12,758 55 249,386 59

V.--NON-LEDGER LIABILITIES.

Accident

Known or Estimated. Proofs not filed.
$ 7,568 48

Resisted by Company on its
own account. Not outlawed.)
$ 5,000 00

4. Aggregate of unpaid claims and expenses

$

5. Gross premiums upon all unex-

pired risks running one year

or less from date of policy :

Premiums.

Unearned portion.

(50 per cent)

Accident

$158,835 95 $79,417 97

7. Total unearned premiums,as computed above(car'ed out)

13. Total amount of amiabilities

14. Joint stock capital actually paid up in

cash

$

125,000 00

12,568 48
79,417 97 91,986 45-

458

COMPTROLLER-GENERAL'S REPORT.

15. Surplus beyond capital and other liabili-

ties

$ 32,400 14

Extended

7777777$

Total

$

157,400 14 249,386 59

Business in the State of Geo~gia duriny the Year.

Risks Written. Premiums Amount at Risk.

Received.

End of Vear.

Accident. . . . $ 568,500 00 $ 286 50 $ 311,500 00

UNITED STATES CASUALTY COMPANY OF NEW YORK, N. Y.

JAMES W. HINKLEY, President.

EDSON S. LOTT, Secretary.

Principal Office, 141 Broadway, New York City.

HON. JOSEPH M. TERRELL, Atlanta, Attorney for Service in Georgia.

I--CAPITAL.
1. Whole amount of capital stock 2. Amount paid up in cash

$ 300,000 00 $

300,000 00

ii.--ASSETS.

1. Market value of real estate owned by tbe 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

buildings and perishable improvements.! 15,000 00

5,000 00 5,000 00

6. Total value of said mortgaged premises

(carried inside)

$ 15,000 00

9 Total par and market value of stocks and bonds owned

absolutely by the company, carried out at market

value

$ 1,187,709 46

12. Cash in company's principal office. . . .$ 16,255 43

13. Cash belonging to the company deposited

in bank : The National Bank of North

America, $12,130.55; Colonial Trust Co.,

$86,475.24 ; Poughkeepsie Trust Co., $61,-

204 99; International Trust Co., $500.00 ;

Illinois Trust and Savings Bank, $2,395.-

44; Corn Exchange Bank, $200.00; the

Marine Bank, $2,254.42; Manufacturers'

and Traders' Bank, $200 00; First Na-

tional Bank, $622.48; total

$ 165,983 12

Total cash items

$ 182,238 55

COMPTROLLER-GENERAL'S REPORT.

459

15. Interest due and accrued on stocks not included in

"market value " uncolleeted

$

17. Cash in hands of agents and in course of transmission :

Premiums in course of collection, $120,504.98; less

commissions, $30,126.23

8,608 69 90,378 75

Total assets of the company, actual cash market

value

$ 1,478,935 45

III.--LIABILITIES.

Gross losses in process of adjustment or in suspense, including all reported and supposed losses, including $15,081*00 emergency reserve fund, voluntarily reserved $
Losses resisted, including interest, costs and other expenses thereon, resisted for assured

40,882 00 78,270 00

Total gross amount of claims for losses . . 119,152 00

Net amount of unpaid losses

Gross premiums without any deduction,

received and receivable upon all unex-

pired risks running one year or less from

date of policy, $771,353.17; unearned

premiums (fifty per cent.)

$

Gross premiums, without any deduction,

received and receivable upon all unex-

pired risks running more than one year

from date of policy, $80,457.65; unearned

premiums, (pro rata)

$ 119,152 00 385,676 59 53,064 33

11. Total unearned premiums as computed above (carried

out)

$

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and

contested, viz.: Due for reinsurance, 12,726.70; amount

voluntarily reserved for contingencies, on liability

claims, $64,815.83 ; all other indebtedness, $3,500.00 . .

20. Total amount of all liabilities, except capital stock, scrip, and net surplus. .
21. Joint stock capital actually paid up in cash 23. Surplus beyond capital and all other liabilities ....

438,740 92
71,042 53 628,935 45 300,000 00 550,000 00

.24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,478,935 45

460

COMPTROLLER-GENERAL'S REPORT.

IV.--INCOME DURING YEAR.

Personal accident Employers',lia-

and health.

bility, steam

boiler and auto-

1, Gross premiums and bills in

matic sprinkler.

course of collection at close

of last previous year, as

shown by that year's state-

ment

$ 27,477 97 $ 53,796 70

3. Net collected 4. Gross premiums on risks
written and renewed during the year

27,477 97 576,345 22

53,796 70 690,097 56

5. Total 6. Deduct premiums and bills
in course of collection at this date

603,823 19 54,447 15

743,894 26 66,185 83

7. Entire premiums collected during the year
8. Deduct reinsurance and return premiums

549,376 04 118,553 79

677,708 43 198,020 84

9. Net cash actually received for premiums (carried out).. 430,822 25 479,687 59$
11. Received for interest and dividends on stocks and bonds, collateral loans, and from all other sources . .

15. Aggregate amount of income actually received during

the year in cash i

%

910,509 84 40,282 95 950,792 79

V.--EXPENDITURES DURING THE YEAR.

Personal accident Employers' lia-

aud health.

hility, steam

boiler and auto-

.-,
Gross amount actually paid

matic sprinkler.

for losses

$ 153,552 76 if 198,538 66

Deduct all amounts actually

received for salvages,

(whether on losses of the

last or of previous year),

$ ; and all amounts actually received for reinsur-

ances ia other companies,

$5,737.21; total deductions. 1,576 86

4,160 35

Net amount paid during the

year for losses

151,975 90 194,378 31 $

Paid for commissions or brokerage

Paid for salaries, fees and other charges of officers,

clerks, agents, and all other employees

346,354 21 254 814 34
121,240 78

COMPTROLLER-GENERAL'S REPORT.

46I

Paid for State, national and local taxes in this and

other States .

$

9. All other payments and expenditures, viz.: Rent, $9,-

380.00 ; legal expenses, $100.68 ; furniture and fixtures,

$1,273.78 ; advertising, S308.40; printingand stationery,

$19,864.68; postage, $13,040.84; telegrams and telephone,

$1,242.98; internal revenue, $29.00; miscellaneous, $10,-

307.30; profit and loss (accounts uncollectable), $314 64

Aggregate amount of actual expenditures during

the year in cash

$

16,523 63
55,861 30 794,794 26

Business in the State of Georgia during the Year.

Risks written Premiums received Losses paid Losses incurred

(gross) .

Personal accident Employers' lia-

and health.

bility, stean

boiler and auto-

matic sprinkler.

$ 6,433,264 00 ( 1,353,200 00 $

.

8,718 19

12,038 47

11,975 71

7,826 84

13,500 42

4,722 89

Aggregate.
7,786,464 00 20,756 66 19,802 55 18,223 31

THE UNION CASUALTY AND SURETY COMPANY, ST. LOUIS, MISSOURI.

EDWARD CLUFE, President.

LEGRAND L. ATWOOD, Secretary

Home Office, Odd Fellows' Building, St. Louis, Mo.

E. V. CARTER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock au-

thorized, $230,000.00; sub-

scribed for

$ 250,000 00

2.. Amount of capital paid up

in cash

250,000 00

Amount of net ledger assets December

31st of previous year

$

Extended at

446,742 85 $

446,742 85

II.--INCOME DURING YEAR.

As shown by books at Home Office, December ,11.

1, Gross premiums

unpaid Decem-

ber31, lastyear

paid

$

Accident. 81,232 64 $

Health. 25,066 49 $

Plate Glass. 44,510 83

462

COMPTROLLER-GENERAL'S REPORT.

2. Gross premiums written and renewed during year . ..... .
Total .... 3. Deduct gross
premiums now in course of collection . . .

435,121 08 516,353 72
90,622 39

112,519 03 137,585 52
36,070 06

4. Entire premiums collected during the year
5. Deduct reinsurance, abatement, rebate and return premiums

425,731 33 122,958 10

101,515 46 41,350 43

6. Net cash actually received for premiums
(carried out) . 302,773 23 60,165 03 8. Interest on loans on mortgages of real estate 10. Interest on bonds and dividends on stocks.

Total interest Total income during the year
Sum

220,667 15 265,177 98
48,976 30
216,201 68

37,323 28

178,878 40 8,470 60

541,816 66 3,276 02
11,746 62 553,563 28 1,000,306 13

III.--DISBURSEMENTS DURING YEAR.

As shown by books at Home Office, December ,!1.

Accident.
1. Gross amount

Employers' Liability.

Health.

Plate. Glass.

paid for claims

excepting week-

ly indemnity . $26,300 00 $46,351 53 ... $73,436 14 2. Gross amount

paid for weekly

or other period-

ical indemnity.. 82,350 64 . . . 33,686 16 ...

Total .... 108,650 64 46,351 53 33.6S6 16 73,436 14

Net paid pol-

icy-holders, 108,650 64 46,85153 33,686 16 73,436 14 5. Commissions or brokerage to agents, less

received on reinsurance

l"is,479 80

262124 47

COMPTROLLER-GENERAL'S REPORT.

463

6. Salaries, traveling and all expenses of

agents and agencies not on commission

account

$

7. Industrial department expenses

8. Salaries and all other compensation of of-

ficers and home office employees ....

9. Taxes on premiums, $7,063.90; taxes on

property, $919.55 ; insurance department

fees and agents' licenses, 15,205 S3 : mu-

nicipal licenses, $957.92; revenue, $3.35.

10. Rent

11. Legal expenses

12. Furniture and fixtures, $1,309.61 ; advertis-

ing, 33,642.50; printing and stationery,

$12,175.76

14. All other items, viz.: Adjusting, $6,042.27 ;

postage, 12,617.73; traveling, $4,759.88;

general expenses, $7,148.35

Total miscellaneous expenses

Total disbursements

31,747 40 38,994 40
34,438 56

14,150 55 4,986 82 1,954 78

17,127 87

20,568 23 $

322,448 41 584,572 S8

IV.--LEDGER ASSETS.
As per ledger accounts, shown by the books at Home Office at close of business December .list.

2. Mortgage loans on real estate, first liens. . 4. Book value of bonds, excluding interest . . 5. Cash in company's office, $1,265.95; de-
posited in banks, $15,373.86 6. Bills receivable, $1,447.81; agents'debit bal-
ances, $51,770.63

45,350 00 320,525 00
16,639 81
53,218 44

Total

435,733 25

DEDUCT LEDGER LIABILITIES.

8. Borrowed money

20,000 00

Total net ledger assets

NON-LEDGER ASSETS*

10. Interest due and accrued on mortgages . . 11. Interest due and accrued on bonds and
stocks

1,913 56 591 25

15. Total outstanding interest

17. Market value of bonds and stocks over book value, not

including interest in item 11

18. Gross premiums in course of collection, to wit:

Not over three Unpaid com- Net Pre-

nionths due. missions miums.

thereon.

Accident

$ 90,622 39 $22,655 60 $67,966 79

415,733
2,504 81 6,825 00

464

COMPTROLLER-GENERAL'S REPORT.

Health Plate glass.

136,070 06 9,017 52 27,052 54 48,9/6 30 12,244 07 36,732 23

175,668 75 43,917 19 131,751 56

Total net not over three months due

$

Gross assets

131,751 56 556,814 62

DEDUCT ASSETS NOT ADMITTED.

3. Agents' debitbalances,unsecured,$27,000.00; bills receivable, unsecured, $1,447.81. . .

28,447 81

Total

Total admitted assets

V.--NON-LEDGER LIABILITIES.

In process of Resisted by com- Estimated ex-

adjustment. pany on its own penses incident

account.

to settlement.

(Not outlawed.)

Accident.. .... .$13,00000 $11,00000

. . .

Employers' liability.

-

$3,500 00

Health

3,400 00

Plate glass ...... 6,180 00

... -_j_^

...

1. Total gross amount of claims ..... 22,580 00

11.000 00

3,500 00

3. Net amounts of

unpaid claim ac-

count

22,580 00

11,000 00

3,500 00

Aggregate of unpaid claims and expenses. . . .

4. Gross premiums upon all uuexpired risks, running one

year or less from date of pol-

icy:

Accident, premiums, $122,955.16; unearned portion (50 per cent.) Health, premiums, $51,703.10; unearned portion (50 per cent.) Plate glass, premiums, $156,675.10; unearned portion (50

61,477 58 25,851 55

per cent.)

78,337 55

Total one year or less

165,666 68

6. 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

3,447 81 528,366 81
37,080 00
165,666 68 2,545 50
205,292 18

i

COMPTROLLER-GENERAL'S REPORT,

465

12. Joint stock capital actually paid up in cash.$ 13. Surplus beyond capital and other liabil-
ltles
Total . . .

250,000 00 73,074 63

$323,074 63 528,366 --81

Business in the Stateof Georgia during the year.

Risks written. Premiums re-Losses paid. Losses in- Amount at risk

.

ceived.

curred.. end of year.

Accident .... .$778,700 00 $2,487 53 $2,550 58 $2,550 58 $504,250 00

Health ... 336,440 00 1,724 92 430 69 430 69 336 440 00

Plate glass. . . . 4,845 00 116 06

4>m 00

Aggregate . 1,119,985 0J 4,328 51 2,981 27 2^81~27 845,535 00

UNITED STATES FIDELITY AND GUARANTY COMPANY BALTIMORE, MARYLAND,

JNO. R. BLAND, President.

GEO. R. CALLIS, Secretary.

Principal Office, 20 S. Calvert Street, Baltimore, Maryland.

PATTERSON & REYNOLDS, Atlanta, Attornies for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

'...$ 1,650,900 00

Amount of net ledger assets, December 31st

of previous year

$ 2,289,993 39

Increase of capital during 1902

150,900 00

Extended at

\

$ 2,440,893 39

H.--INCOME DURING YEAR.

As Shown by Books at Home Office, December 31st.

1. Gross premiums unpaid December, last year$
2. Gross premiums on risks written and renewed during the

Burglary. Fidelity and Surety.
29,161 97 $ 188,822 92

year

347,680 53 1,497,007 21

Total .$ 376,842 50

3. Deduct gross pre-

miums in course

of collection at

this :date

49,879 52

30 in

1,085,830 13 240,033 84

466

COMPTROLLER-GENERAL'S REPORT.

4. Entire premiums

collected dur-

ing the year..$ 326,962 98

5. Deduct reinsur-

a n c e, abate-

ment, rebate,

and return pre-

miums

69,468 84

1,445.796 29 187,377 51

6. Net cash actually

received for

premiums (car-

ried out) $ 257,494 14 1,258,418 78

7. Interest on loans on mortgages

$

8. Interest on collateral loans

9. Interest and dividends on stocks and bonds.

10. Interest upon other debts due the company.

11. Rents

Total interest 12. Profit on ledger assets actually sold during
the year, over cost 14. Income from all other sources, viz.: Depart-
ment guaranteed attorneys

$ 1,515,912 92 990 00 17,280 80 49,211 93 1,100 79 2,003 47
70,586 99
20,184 64
15,675 22 35,859 86

15. Total income actually received during the year in cash. .$ 1.622,359 77

Aggregate last balance and income

$ 4,063,253 16

III.--DISBURSEMENTS DURING THE YEAR.

At Shown by Books at Home Office, December 3lst.

1. Gros s amount

paid for ma-

tured claims

other than

weekly indem-

nity

$

Burglary. Firelity and Surety.
73,343 24 $ 525,971 26

Total $ 13. Deduct reinsur-
ances, and salvages including recoveries on account of losses previously paid..

73,343 24 2,451 90

525,971 26 70,576 86

$ 70,891 34 455,394 40 " " Net paid Ipolicy-holders
j4. To stockholders for interestor dividends. .$ 1.5. Commissions to agents

.$ 115,536 00 395,011 99

526,285 74

COMPTROLLER-GENERAL'S REPORT.

467

6. Salaries, traveling and all expenses of

agents and agencies not on commission

account

$ 120,067 42

7. Inspections

38,626 35

8. Salaries and all other compensation of offi-

cers, $47,345.46; and home office em-

ployees. $72,702.20

121,047 66

9. Taxes on premiums, $23,219.95; Insurance

>

department fees, and agents' licenses,

$12,184.28; municipal licenses, $1,012.50;

tax on franchise, $13,241.67

49,658 40

10. Rent, including $17,696.40 for company's

occupancy of its own building

17,696 40

11. Legal expenses

64,100 09

12. Furniture and fixtures

6,707 65

13. Advertising, $15,898.23; and general print-

ing and stationery, $22,885.63

45,491 51

15. All other items, to wit: Postage and tele-

grams, $35,140.61; expressage, $3,618.61;

traveling expenses home office, $10,488.36;

incidentals, $22,669.31

71,916 89

Total miscellaneous expenses 16. Total disbursements

$ 1,039,152 71 $ 1,565,438 45

IV.--ASSETS.

As per ledger accounts, shown by books at home office, December 31st.

1. Book value of real estate

$ 116,909 56

2. Loans on mortgage on real estate 3. Loans secured by pledge of bonds, stocks or
other marketable collaterals

54,100 00 144,935 00

4. Book value of bonds and stocks owned ab-

solutely, $1,724,477.56 and $319,484.00 re-

spectively

2,043,961 56

5. Cash in company's office, $26,407.30; de-

posited in banks, $150,955.48

177,362 78

8. Agents' debit balances advanced, etc., con-

tracts

182,472 86

9. All other items, viz.: Mortgages and other

collateral, etc., salvage Due for subscription department, guar.

10,000 CO

attys

35,533 10

Total

$ 2,765,274 86

DEDUCT LEDGER LIABILITIES.

10. Agents' credit balances, $ ; borrowed money, $80,000.00; all other, $187,460.15.$
11. Total net ledger assets

267,460 15 $ 2,497,814 71

408

COMPTROLLER-GENERAL'S REPORT.

OTHER, OR NON-LEDGER ASSETS.

12. Interest due, $ and accrued, $ mortgages
13. Interest due, $ and accrued, $ bonds and stocks
14. Interest due, $ and accrued, $ collateral loans

on

$

254 23

on

22,366 26

on

2,174 02

17. Total outstanding interest

$

19. Market value of bonds and stocks over book value, not

including interest in item 13

20. Gross premiums in course of collection, to-wit:

24,794 51 201,227 OS

23. Burglary ... $ 24. Fidelity and
surety....

Premiums. Commissons TJnpaid thereon.
49,879 52 $ 10,474 70 $

Net.
39,404 82

240,033 84 50,407 11 189,626 73

29. Total gross outstanding premiums ....

289,913 36

60,881 81 229,031 55

Total net amount of outstanding premiums ... $ 229,031 55-

30. Total assets as per books of the company

2,952,867 80

V.--NON-LEDGER LIABILITIES.

-Br, urg,lary Fidelity and surety

In process of Re-listed by com-

adjustment. pany on itsown

$

8,256 58 account.

39,532 49 $ 131,784 98

1. Total gross amount of claims 2. Deduct reinsurance due and
accrued

47,789 07 2,250 00

131,784 98

3. Net amounts of unpaid claim

account

45,539 07

Aggregate of unpaid claims and expenses 4. Gross premiums upon all un-

expired risks running one

year or less from date of

policy :

131,784 98 $

vB> urgli ary fidelity and surety

Premiums. Unearned portion, (SO per
I 253,014 71 $ -12ce 6i,l5t0>7 36 1,292,088 84 646,044 42

Total one year or less 5. Gross premiums upon all un-
expired risks, running more
than one year from date of policy:

$ 772,551 78

177,324 05

COMPTROLLER-GENERAL'S REPORT.

469

Burglary

premium. Uuearned premium, pro rata.
$ 41,155 77 $ 26,993 05

Total for term policies

$ 26,993 05

<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 $ 1,650,900 00

799,544 83 976,868 88

12. Surplus beyond capital and other liabilities 325,098 92 1,975,998 92

13. Aggregate amount of all liabilities, including paid up~~

capital stock and net surplus

$ 2,952,867 80

Business in the State of Georgia During the Year.

Risks written.

Burglary

$ 240,475 00 $

Fidelity and surety 6,593,740 48

Premiums reserved.
1,335 15 $ 21,998 42

Lossses pxid.
95 00 $ 6,909 16

Aggregate . . .$ 6,834,215 48 23,333 57

7,004 16

Losses incurred.
95 00 12,825 82
12,920 82

UNITED STATES HEALTH AND ACCIDENT INSURANCE COMPANY, SAGINAW, MICH.

J. B. PITCHER, President.

V. D. CLIFF, Secretary.

Principal Office, 128-130 N. Washington Ave., Saginaw, Mich.

W. W. HASKELL, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

200,000 00

Amount of net or ledger assets December

31 of previous year

$

Extended at

263,476 45 $

II.--INCOME DURING YEAR.

Cash received for new and renewal pre-

miums, without deductions for com-

missions or other expenses

.$

526,756 13

Total

$

Deduct amount of premiums paid to other

companies for reinsurance on policies

in this company

526,756 13 1,104 47

7. Total premium income 8. Cash received for interest on mortgage loans
Cash received for interest on bonds owned, and dividends on stock

263,476 45
525,651 66 520 00
1,841 15

470

COMPTROLLER-GENERAL'S REPORT.

11. Cash received for interest on other debts due the com-

pany

$

14. Cash received for profits on sales of ledger assets during

year over book values

19. From all other sources

757 29
5,007 62 1,492 45

Total income

$ 535,270 17

Total

$ 798,746 62

III.--DISBURSEMENTS DURING YEAR.

1. Cash paid for claims

$ 293,448 29

7. Total net amount actually paid for losses

16. Cash paid stockholders for interest or

dividends

$

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance)

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for inspection of risks

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

21. Cash paid for taxes on new premiums,

? ; on renewals

23. Cash paid for insurance department fees

and agents' licenses, I ; municipal

licenses

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $1,554.72; print-

ing, $5,018.70

28. Cash paid for real estate expenses, other

than taxes

29. Cash paid for the following items, viz.:

Postage, freight and express, 9,556.45 ;

traveling expenses, 12,729.26; office

supplies, $486.05 ; general expenses, $1,-

496.25

$ 293,448 29 32,000 00 42,810 30 65,874 38
393 75
29,647 85 6,194 50
1,709 50 5,076 55 1,870 78 6,573 42 1,587 65
14,268 01

Total miscellaneous expenses

208,006 69

30. Total disbursements

$ 501,454 98

IV.--ASSETS AS PER LEDGER ACCOUNTS.

2. Loans on mortgage (first liens) on real estate

$

6. Cost value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

7. Cash in company's office

8. Cash deposited in banks

13. Total net or ledger assets

$

10,388 56
210,000 00 2,621 71
74 281 37
297 291 64

COMPTROLLER-GENERAL'S REPORT.

471

OTHER ASSETS.

14. Interest due, $163.17, and accrued, $163.81

on mortgages

$

15. Interest due, $1,000.00, and accrued, $1,-

166.60 on bonds and stocks

326 98 2,166 60

Total, carried out 21. Market value of bonds and stocks, over cost

Extended

28. Total assets, as per the books of the company . . . $

2,493 58 1,500 00
10,011 57 311,296 79

V.--LIABILITIES.

3. Claims for losses due and unpaid .... $ 19,584 42

Total policy claims (unpaid)
13. Amount due on account of salaries, rents and office expenses

16. Amount of any other liability of the company, viz.: Premiums paid in advance
Amount of commissions due agents on premiums paid.

17. Total liabilities

18. Joint stock capital paid up

$

19. Surplus beyond capital and other liabil-

ities

200,000 00 67,208 04

Extended

Total

$

19,584 42 2,157 63 17,146 70 5,200 00 44,088 75
267,208 04 311,296 79

INSURANCE DEPARTMENT.

TABLE No. 1.

Fire Insurance Companies Authorized to Transact Business in this State for the Year 1903. Their General Condition is Shown to 1st of January, 1903.

NAME OF COMPANY.

STATE.

^Etna

Fii Connecticut....

Agricultural

" New York

American Central

" New York

Atlanta and Birmingham

" Alabama

Atlanta Ilome

" Georgia

British-America

" Canada

Citizens

" Missouri

Commercial Union

** England

Continental

" New York

Connecticut

" Connecticut....

Fire Association

" Pennsylvania .

Fireman's Fund

" California

Georgia Home

" Georgia

German

" Illinois

German American

" New York

German la

" Nev York

Glenns Falls

" New York

Greenwich

" New York

Ham burgh-Bremen

" New York

Hanover

" New York

Hartford

" Connecticut

Home

" New York

,

Insurance Co. of N. A.

'(4 Pennsylvania...

Liverpool & London & Globe... '* England

Liverpool & London & Glob'... " New York

Law Union and Crown

" England

London Assurance

" England

London and Lancashire

" England

Manchester

" England

Assets.
14,949,520 2,566,266 3,572.673
150,180 307,196 1,409,865 610,800 1,019,016 12,957,841 4,734,791 6,150,823 5,202,;87 985,030 4,429 360 10,319,176 5,643,477 3,825,468 2,174,546 1,733,385 3,795,167 13,443,660 17,108,635 10,664,183 11,204,714 461,913 097,256 2,099,376 2,661,791 1,839,634

Q

O

Surplus

g

Liabilities.

B?yond Capital and all Lia-

Income.

Expenditures

Profit.

Loss.

H

bilities.

o

t-l t-l

4,926,917 62 1,449,189 10 1,235,515 81
14,057 77 62,002 95
991,401 91 297,237 10 2,868,339 51
6,204,658 85 2,532,156 08 4,975,893 02 2,401,865 78
326,514 12 2,975,450 21
4,023.295 88 2,100,594 00 1,272,575 13 1,788,826 61 1,359,634 54 2,148,514 80 9,012,406 64
7,072,596 43 5,713 994 56
6,392,511 35 153,950 10 250,411 19
1,420,(40 04 1,783,467 88
1,247,162 4l

0,022,603 36 8 617,077 68
1,337,157 81 59,911 78 45,193 83
418,403 81 113,663 44 1,185,676 76 5,718,961 98 1,202,635 75 674,929 77 1,800,721 82 359,165 96 1,253,910 13 4.095,880 88 2,542,883 70 2,362,893 71 185,719 92 373,751 36 640,652 55 4,431,153 73 0,436,038 69 1,960,188 91
107,963 41 440 845 38 1 272,430 09 878.323 06 592,371 96

5,919 950 69 S 1,307,591 94 1,005,514 42
183,989 32 72,684 22 1,382.895 13 486,936 90
3,020,743 07 5,850,237 97 2,873,099 50
3,812,370 13 3,250.821 96
&56.305 81 2,813.605 98 4,698,830 32
2,021,001 90 1,330.027 80 2,230,815 08
1,004,037 13 2,438,819 86 10,028,259 21 7.72S.241 42
7,415,718 17 0,013,157 25
179,290 85 324,797 11 1,910,976 64 1,933,273 61
1,412,603 06l

4,425,846 80 $ 1,109,991 19 1,243,511 14
37,596 88 55,219 62 1,315,808 91 362,068 36 2,913,492 39 4,592,578 93 2,405,559 60 3,363,940 04 2,002,378 58 285,389 64
2,526,017 27 3,551,494 31 1,622,046 69
943.166 07 1,901,021 28 1,443,685 91 1,932,903 57 8,851,042 04
5,967,855 86 6,088,144 38 5,339,010 72
118,990 48 328,915 92
1,444,191 91 1,509,033 47
1,341,288 30

1,494,103 89 9. 197,000 75 802,003 28 140,392 44 17,404 60 67,086 22 124,268 54 113,250 6S
1,257,659 04 467,539 90 448,430 09 048,443 38 70,916 17 287,588 71
1,147,342 01 398,956 21 1-92,861 73 335,793 80 100,351 22 505,910 29
1,176,617 17 1,760,385 56 1,327,573 79 1,303,540 53
60,300 37
472.784 73 363,010 14 71,314 76

W i Q M 3 W
w >
t-l El O
w H
4,118 81

Mercantile Mutual

Milwaukee Mechanics

National

'...',,

Niagara

]ttttt

New Hamnshire "...."."....!

Norwich Union

North British and Mercantile.

Northern Assurauc;

Orient

Palatine

"""

Pennsylvania

......

Phoenix Assurance

Phoenix

Phoenix

".".".'.'.".'.""

Queen

...'..!..'"""

Rochester German

....

Royal

Scottish Union and Nitional...

Southern Mutual

Springfield Fire and Marine .,

St. Paul Fire and Marine

Sun Insurance Office

Sun

Traders

.'

t'nion Assurance Society

Western Assurance

Westchester

Williamshurgh City

Rhode Island

Wisconsin

Connecticut

New York

New Hampshire..

England

England

England

Connecticut

England

Pennsylvania

England

New York

Connecticut

New York

New York

England

Scotland

Georgia

Massachusetts

Minnesota

England

,

Louisiana

,

Illinois

England

Canada

New York

New York

1,085,006 83 2,751,859 15 6,205,393 71 3.697,735 51 3,779,569 6' 2,411,474 8i 5,758,296 11 3,423,231 90 2,071.095 77 1,790,150 27 5,797,583 91 3,063 488 98 7 329,923 93 6,497,612 14 5,725,775 84 1,461,993 63 7.752,835 10 4,581,633 73 1,038 228 48 6,154,391 84 3,322,901 64 2 902,198 87 1,051,438 03 2,690,661 18 1,551,624 26 2 372,701 88 3,300,598 66 2.390,737 49

900,933 70 1,284,198 76 3,654,590 97 2,090,667 39 1.624.759 57 1,685,710 42 3,486,052 79 1,998.616 11
927,000 55 1,033,921 68 3,200.485 82 2,397,218 43 4.571.760 05 3,159,688 91 2,690,222 36
770,903 08 5,306,338 10 2,200,075 74
150,969 49 2.612,321 34 1,927,099 20 1,944,487 65
329,463 77 1,115,724 31
812,098 94 1,580,336 03 1,785,379 33
879,600 84

8 250,285,031 48 8 134,354,468 40lj

86,896 60 1,267,660 39 1,550,802 74 1,107,068 12 1,154,810 10
725,761 46 2,272,243 32 1,421,614 79
644,093 22 756,228 59 2,197,098 09 666,265 55 1,758.154 88 1,337,923 23 2,535 553 48 491,090 55 2,446,497 00 2,384.5)7 99 772,456 91 1,512.070 50 897.101 65 957,711 22 221,974 26 1,074,936 87 542.525 31 592,365 85 1,215,219 33 1,261,136 65

194,028 75 1.349.878 56 4,549,933 23 2,448,338 05 1,788,722 89 2,226 120 75 4,112,402 49 3,246,158 35 1.060.879 13 1,263,373 82 2,727,680 45 2,809,770 30 5,939,962 38 3,715,370 23 3,228,422 55
914,257 07 4,972,922 82 2,090,951 66
316.724 09 3.102,695 68 2,807,851 86 2,079;519 16
441,874 87 1,396,309 89 1,041,206 19 2,351,058 70 2,350,536 61
999,505 28

84,817 90 1,148,856 95 3,669,971 06 2,055,170 80 l,f09,790 88 1,757,515 51 3,251,051 14 2,227,410 50
990,630 17 950,585 92 2,220,029 65 2,716,803 72 5,333,397 43 3,123,162 10 2,579,037 58 763,597 28 4,215,628 60 1,920,509 81 308,010 00 2,791,227 76 2,436,965 02 1,716,729 77 390,466 87 1,177,360 99 1,050,025 02 2,392.370 6l 1,955,095 76 852,950 09

81,477,841 53 8 150,386,068 26 8 125,779,819 55J8

109,180 85 201,021 61 879,962 17 393,167 25 278,932 01 468 575 24 861,351 85 1,018,747 85 70,248 96 306,787 90 507.650 80 92,966 58 606,564 95 592,208 13 649,384 97 150,659 79 757,294 22 170,442 05
8,713 49 311,467 92 870,886 362,789 39 51,408 00 218,948 90
395,440 85 146,555 20
25,461,488 27 $

r. o g H H
I
G H 8,818 83
4,311 91
54,249 55
W o H
3

TABLE No. 2.
Old Line Life Insurance Companies Authorized to Transact Business in this State.for the Year 1903. Their General Condition is Shown to 1st of January, 1903.

NAME OF COMPANY.

STATE

jEtna

Life Connecticut

Connecticut Mutual

" Connecticut

Equitable

" New York

Fidelity Mutual

" Pennsylvania

Franklin

" Illinois

Federal GdJ-manla

'' Illinois M New York

Hanford

" Connecticut

Home

" New York

Illinois

Illinois

Manhattan

New York

Maryland

Maryland

Massachusetts Mutual....

Massachusetts

Metropolitan

New York

Michigan Mutual

Michigan

Missouri State

Missouri

Mutual Benefit

New Jersey

Mutual

New York

Mutual Reserve

New York

Mutual

Illinois

National

District of Columbia.

National

Vermont

New England Mutual

Massachusetts

New York

New York

Northwestern Mutual

Wisconsin

Pacific Mutual

California

Prudential

New Jersey

Penn Mutual

Pennsylvania

Phcanix Mutual

Connecticut

Provident Savings

New York

Relianoe

Pennsylvania

Assets.

Liabilities on Policy-bolders'
Account.

Gross Surplus on
Policy-ho.lder.s Account.

Income.

Expenditures.

Profit.

O O Loss.

o W

6!,401,214 07 65,684,605 12 858,417,284 75 4,670,518 40 1,550,786 85

57,113,675 80 51,251,612 69 284,2. 8,040 95 4,040 865 99 1,550 7.-6 86

3,748,585 6,379,992 43 74^49,241 80
629,682 41

12 816,800 09 8,161,660 50
69.466 137 71 2,93^,765 84
962,753 64

7,303,8f4 94 7.399,477 26
39,008,032 21 2,216,530 32
732,084 05

5,512,925 15 8 ... 762,183 24
30,458,105 50 722,235 52 230 669 69

wrt--l1 o w

171,242 53

77,427 47

93.M5 06

97,144 49

89,574 68

7,569 81

M

30,695.580 00 28,3.5,705 46

4,319,875 41

5,559,784 60

3,501,072 SO

2 058,711 80

2|

8,194,734 03

2.267,864 24

427,369 79

2,592,619 01

2,380,502 01

212,117 00

W

14.432.216 56 4,136,657 70 17,270,939 13

13,108,808 76 3,967,650 12 15 508,247 90

1,323,407 80
69,007 58 1,662,691 23

8,217,367 31 8.889,767 86 3,126,519 38

2,163,828 58 695,594 07
2,665,357 51

1,053,538 73
3,194,173 " 461,161

W >

2,284,534 89

1,936,721 21

847,813 68

376,610 90

249,846 76

126,764 14

30,960,145 22 28,354.119 97

2,606,C25 25

6,889,796 43

4,148,742 61

2,741,053 82

89,180,908 99 7,777,714 86
250,559 95

78,817,784 53 7,460,878 16 120.281 73

10,363,124 46 316,886 70
130,278 22

43,336,283 61 1,798,810 65 215,777 47

27,801,748 36 1,261,782 44
114,525 28

15,534,535 25 537,028 61 101,252 19

sd M

82,810,493 55 76.178,960 43 S82,43>,681 30 379,412,681 30

6,631,533 12 3,020,000 00

15.612,169 81 73 305,022 74

10,869,694 71 43,663,915 10

4.742,475 13 29,611,077 64

O

5,741,678 70

5,226,658 28

515,020 42

5,025,802 99

5,054,356 90

28,193 91

287,782 43

905 08

905 08

2,882,608 83

1,829,169 40

1,053,439 43

1,114,067 02

882,815 07

231,251 95

25,336,980 31 31.432.217 08
322,840,9J0 03 165,042,435 33
5,594,729 33 50,245,339 87 54,391,103 31
15,699,212 40

22,750,266 66 30.905,581 74
272.806,781 17 159,564,804 52
4 774,214 82 50,723,931 54 51,363,963 27
14,994,063 00

2,586,713 65
3,526,635 34 [0,034,118 86
5,477,630 81 820,514 51
7,521,405 33 3,027,140 04
705,149 40

5,997,184 13
6,028 880 54 79,108,401 34 32,152,304 66 2,277,359 93 33,652,319 88
13,440,667 90 3.567,307 30

3,106,356 08 4,239,843 41 43,643,694 54 16,859,018 28 1,725,183 47 22,099,649 79
7.621,852 70 2,283,215,76

2,890,828 05 1,789.037 13
42,464,706 80
15,293,286 38 552,176 46
11,552,670 09
5,818,715 20 1,284,091 54

6,071.639 09 1,975,570 41

5,363,362 53 3,779 30

708,276 56 1 971,791 11

4,110,415 07 3,136 64

2,914,582 74 28,924 00

1,165,832 33

25,787 36

Royal Union Mutual..

Security Trust

Security Mutual

South Atlantic

Sun

State

State Mutual

Travelers

Union Central

Washington

,

Total..

Iowa
Pennsylvania .. New York Virginia Canada Indiana
Massachusetts.. Connecticut Ohio New York

868,622 97
2,082,613 10 1,310,313 86
268,0)4 73 13,474,846 19
1,527,036 12 21,678,560 35 29,659,922 36
33,729,348 34 16,544,578 77

786,858 35 1,578,260 03
638,533 12 49,828 97
12,762,666 02 1,176,249 71
19,281,299 00 28,208,905 65
28,681,568 77 15.808,479 45

81,761 62 504,353 07 671,780 74 218,185 76 712,180 17 350,786 41 2,397,261 35 1,451,016 71
5,047,779 57 736,099 32

413, 300 90 1,024, 568 32 1,079, 196 91
93 956 70 3.561 509 34 1,260: 683 53 4,458. ,906 70 5,598: ,106 69 8,034: ,935 71 3,581 ,370 34

278,326 13
866.357 17 907,404 10
73,940 04 1,841,201 41
708,915 39 2,517,649 49 2,786,390 43 4,005,032 96 3,144,273 42

134,974 77 158,211 15 171,792 84 19,016 66 1,720 307 93 651,768 14 1,941,257 21 2,811,716 56 4,029,902 75 437,096 92

H,980,958,902 71 $1,709,094,841 86 8 206,238,278 53 8 489,949,040 02 $ 283,895,376 97 8 193,117.194 72

51,281 27

Q
O

K

1H-8

W O

t-i

t-i
H

W

I*
o

TABLE No. 3.
Accident, Surety and Marine Insurance Companies Authorized to Transact Business in this State for the Year 1903 Their General Condition is Shown to 1st of January, 1903.

NAME OF COMPANY.
Pacific Surety United States Fidfility & Guaranty

STATE.

Assets.

Liabilites.

Surplus beyond capi-
tal and all liabilities.

Income. Expenditures.

Profit.

Loss.

o

o

S

651,641 09 8

130,823 61 $

520,817 48 $

239.457 60 *

206,205 45 $

5,523,727 94

1,024,213 66

1,999,514 28

1,410,498 44

1,052,770 74

* 33,252 IE
357,727 70

w

1,851,628 92

756.596 64

295,032 2X

2,171,855 74

1,172,207 75

999,647 99

o

1,699,308 24

366,857 66

332,450 58

658,682 94

522,659 75

136,023 19

63,401,214 07

789,001 88

3,748,536 39

4,349,160 45

1,483,938 54

2,965.221 91

r;

100,419 87

65,240 84

14,645 28

25,818 04

33,046 10

750,000 00

500,000 00

260,000 00

250,000 00

250,000 00

W

3,426,327 86

2,662,337 84

263,990 02

371,835 99

314,864 77

56,971 22

1,984,092 95

1,332,434 79

451,658 16

1,997 851 80

1 801,061 82

196,789 98

Q

5,268,680 62

3,564,810 06

1.453,870 56

4,754.804 00

3,904,916 97

849,887 03

R

5,790,565 88

914,332 31

2,876,233 57

1,542 772 15

1,183,907 58

358,864 57

1,150,472 84 8,109,591 30
725,230 28 1,330,427 78

147,547 46 1,868,333 56
251,527 58 910,350 94

698,325 38 741,257 74 223,702 70 220,076 84

223,841 84 1,371,706 39
459,424 77 1,154,276 74

144,909 44 1,167,905 35
376,364 98 1,048 358 61

78,932 40 203,801 00 83,059 79 105,918 13

a
P3
>

2,787,408 09

1,314,626 68

722,781 41

2,038,932 89

1,713,705 49

325,227 40

679,641 40

174,503 33

205,138 07

440,686 89

282,508 18

158,178 7i

1,613,727 18 545,731 45

568,154 28 245,931 60

1,045,572 90 199.799 85

819,629 89 425,398 12

692,483 11 342.307 13

1.27,146 78 83,090 99

W

244,417 53

86,788 26

57,629 27

240,645 40

220,581 07

20,064 33

2,095,617 21
160,129 43 380,978 05

866,944 66 59,872 06 78,291 77

1,228,672 55 257 37
52.686 28

1,556,122 85 84,944 70 119,037 03

1,293,202 76 108,652 95 76,944 62

262,920,09
23,708 25 42,092 41

O w

1,064,961 12

580 282 38

284,678 74

1,187.491 15

1,059,605 69

127,885 46

1,549.302 14

982,915 74

316,386 40

1,377,786 87

1,175,129 63

202,667 24

609,620 03

207,707 12

401,912 91

501,391 86

501,730 80

33S 91

249.380 59

91,986 45

32,400 14

183,910 45

166,264 08

17,646 37

2,172,321 09

1,116,885 17

305,935 92

1,232,127 16

57,812 29

1,174,314 87

7,908,898 02

4,021,708 72

2,886,694 30 12,155,787 49

4,525,872 90

7,1 29,914 59

1,478,935 45

628,935 45

560,000 00

950,792 79

794,794 26

155,998 53

528,366 81

205,292 18

73,074 68

553,563 28

584.572 88

31,009 60

2,952,867 80

976.868 88

326 098 92

1,622,359 77

1,449,9:12 45

172,457 32

311,296 79

44,088 76

67,208 04

535,270 17

469,454 98

5,815 19

t 123,996.435 82 t 27.2S5.687 31 1 22,845,838 86 i 47,007,8r'5 65 % 29,928,645 12 8 17,265,215 65 8 38,576 60

TABLE No. 4. CO
Showing Business Done by Fire Insurance Companies in Georgia for the Year Ending April 30, 1903.

NAME OF COMPANY.

LOCATION.

Amount Insured.

Premiums.

Losses Paid.

o

oDO

PH

Atlanta and Birmingham... "

German-American

"

Hanover

"

Insurance Co. of N. A

**

Liverp'l & London & Globe.. "

Liverp'l & London & Globe.. "

North British & Mercantile "

Orient

"

Hartford, Conn.. 8 11,099,496 00 g

Watertown, N.Y. 1,668,370 00

St. Louis, Mo

1,494,424 00

Atlanta,Ga

2,006,822 00

Birmingh'm, Ala

Toronto, Canada 1,724,204 00

St. Louis, Mo

1,679,842 00

5,189,249 00

New York, N. Y. 7,037,589 00

Hartford, Conn.. 1,125,400 00

Philadelphia,Pa. 3,744,594 00

SanFrancis'o.Cal 4,861,369 00

Columbus, Ga ... 3,837,373 00

Freeport, Ills,,,

1,401.836 00

New York,N.Y . 4,898,760 47

New York, N.Y.. 2,239,856 00

Glens Falls, N.Y. 2,334,337 10

New York, N.Y.. 3 194,385 00

Hamburg, Ger'y. 1,413,472 00

New York, N.Y.. 2,759,819 00

Hartford, Conn.. 10,756,825 00

New York, N.Y.. 14,732,031 00

Philadelphia.Pa. 23,051,917 00

8,141,783 00

New York, N.Y..

580,510 00 945,930 00

2,427,325 00

Chicago, Ills Providence, R.I,

1,840,642 00 1,065,050 00

Milwaukee, Wis. Hartford, Conn.

4,114,804 00

New York, N.Y... 1,042,125 00

Manchester,N.H.

27,156 45

3.232,820 00

5,626,589 00

4,811,185 00

Hartford, Conn.. 1,082.144 00

173,225 19 t 25 347 05 26,931 86 35,853 14
26,420 26 30,403 41 91,975 83 108,050 38 18,652 40 62,722 63 96.780 63 59,058 18 21,362 22 85.136 94 31,829 83 36,433 78 49,020 41 25,352 45 38,425 38 206,088 6 l 195,120 85 187,483 85 158,878 25 13 036 96 12,309 15 42,764 67 81,763 18 9,447 02
46,009 68 21,283 26 19 785 00 44,234 49 59,308 50 57,087 45 35,857 96

73,397 66 $ 6 545 92 5,631 21 18,004 39

99,827 53 8 18,701 13 21,300 65 17,848 75

19,344 89 10,985 11 45,380 77 28,422 89 9,586 49 25,255 60 49 261 60 33,050 87 15,821 49 27,269 14 10,400 30 6,140 80 17,206 46 6,016 57 16,893 88 116,165 12 85,550 61 58,623 74 68,849 48 11,543 61 4,403 83 10,886 32 12,187 29
24.! 21

7,075 37 19,418 30 46,595 06 79,627 49 9,065 91
37,467 08 47,519 03
26,007 31 5,540 73
57,867 80 21,429 53
30.292 98
31,813 95 19,335 88 21,531 50
89,923 48 109,564 24
128,860 11
100,028 77 1,493 35 7,905 32
31,878 35
19,575 89 9,204 81

33,559 22 4,130 10 11,512 52
29,173 85 19,768 54 28,279 97 8,628 95

12,450 46 17.153 16 8,272 48 15 060 64 39,540 01
28,807 48 17.229 01

0. QQ

a

a

3 60

o a

a
US
SJJS

M

a o

ho

H

H

120 $ 288 00 $ 16 00 8 16 00 8 1,732 25 $ 2,052 25

o o

82

76 80 16 00 16 00

258 47

862 27

40

96 00 16 00 16 00

269 32

897 32

61

146 40 16 00 16 00

858 53

536 ^3

48 34 42

115 20 81 60 100 80

16 00 16 00 16 00

16 00 16 00 16 00

264 20 804 08

147 20 877 80 486 83

otS-31

59

141 60 16 00 16 00

919 76 1,098 86

92

220 80 16 00 16 00 1,080 50 1,838 80 H

14

83 60 10 00 16 00

186 52

252 12 W

48 63

115 20 16 00 16 00 151 20 16 00 16 00

627 22

774 42

967 81 1,151 01

a i

91

218 40 16 00 16 00

590 58

840 98

40

96 00 16 00 16 00

213 62

841 62 S5

93

223 20 16 00 16 00

851 36 1,106 52 W

18 47 56%

48 20 112 80 136 00

16 00 16 00 16 00

16 00
16 00 16 00

818 80 364 83 490 20

393 50 509 13

W >

658 20

16

86 00 16 00 16 00

253 52

821 52

42

100 80 16 00 16 00

384 25

517 05

211

506 40 16 00 16 00 2,060 88 2,599 28

121 170

290 40 16 00 16 00 1,951 21 40i 00 16 00 16 00 1,874 84

2,273 61 2,314 84

M

157 7 12
28

376 80 16 80 28 80 67 20

16 00 16 00 16 00 16 00

16 00 16 00 16 00 16 00

1,588 78 130 36 123 09 427 65

1,997 58 179 16 183 89 5L6 85

O W H

30

72 00 16 00 16 00

317 63

421 63

10

24 00 16 00 16 00

94 47

150 47

5

12 00 16 00 16 00

44 00

57

136 >0 16 00 16 00

460 10

628 90

15

30 00 16 00 16 00

212 83

280 83

27

64 80 16 00 16 00

197 85

294 65

49

117 60 16 '0 16 00

442 34

591 94

46

110 40 16 00 16 00

593 09

514 56

38

91 20 16 00 16 00

570 87

694 07

26

02 40 16 00 16 00

258 58

352 98

Palatine Pennsylvania Phcenix Assurance Phoenix Phoenix Queen Rochester German Royal Scottish Union and Nat'l.... Southern Mutual Springfield Fire and Marine St. Paul Fire and Marine.... Sun Insurance Office Sun Tradeis Union Assurance Western Assurance Westchester Williamsburgh City
Total.

England Philadelphia, Pa England New York, N. Y. Hartford. Conn.. New York, N. Y. . Rochester, N. Y. England Scotland Athens. Ga Springfield, Mass St. Paul. Minn ... England New Orleans Chicago, III England Toronto, Canada New Y'ork, N. Y. Brooklyn, N. Y...

2,178.104 00 3,462,794 94 8,062,949 41 4,893,813 00 4.852,752 00 1,963.056 00 4,743.047 63 2,342,174 00 27.543,152 00 1,558,157 00 2,734,394 00 2,616,497 10 1,746 386 00 1,838,037 00 2,978,033 22 2,705,065 00 1,610,388 00

18,064 70 14,050 01 26,669 45 56,242 67 40,745 61 25,399 75 11,579 69 63 869 64 7,675 92 70,616 42 18,810 80 17,465 26 10,545 07 21,217 10 12,843 18 2 280 43 12,804 52 10,750 98
8,446 08

8 2.'5.048,844 32 8 3,195,425 59 8 1,431,832 91

45.895 70 27,784 38 12,596 55 76,45* 03 25.522 03 62,093 66 16.030 31 3.622 81 20,752 26 215,609 24 11,669 06 25,838 96 17 441 81 47,902 23 17.896 41 9.608 25 20,406 71 32.142 74 15,519 96

30

72 00 16 00 16 00

407 66

60

144 00 16 00 16 00

418 34

24

57 60 16 00 16 00

392 66

113

271 20 16 00 16 00 1,326 96

78

187 20 16 00 16 00

662 67

95

228 00 16 00 16 00

874 93

31

74 40 16 00 16 00

276 10

65

132 00 16 00 16 00

674 92

17

40 80 16 00 16

284 28

33

79 20 16 00 16 00 2,862 25

24

57 60 16 00 16 00

304 80

97

232 80 16 00 16 00

433 04

15

86 00 16 00 16 00

279 87

Q O

34

81 60 16 00 16 00

455 43

42

100 80 16 00 16 00

307 39

6

14 40 16 00 16 00

118 89

H

43

103 20 16 00 16 00

332 11

W

2iy3 51 20 16 00 16 00

428 94

O

7

16 80 16 00 16 00

239 66

f"

H 8 6,936 00 S 89S 00 $ 896 00 8 32,817 29$ 41,543 62

W

i
Q

H v,

W f>

W
O W
i-3

TABLE No. 5. o
Showing Business Done by Old Line Life Insurance Companies in this State for the Year Ending April 30, 1903.

J

NAME OF COMPANY.

STATE.

Amount of Insurance in Force.

Premiums.

Losses Paid

Premiums in Excess of
Losses.

Loss.

29S3*a

aao nS

M8 a >-

Tax.

Total.

Q

SM few: ho

O
g

.tfltna

Life Hartford, Conn

Connecticut Mutual... " Hartford, Conn

Equitable

" New York, N. Y

Fidelity Mutual

" Philadelphia, Pa

Franklin

" Springfield, 111

federal

'' Chicago, 111

Germania

" New York, N. Y

Hartford

" Hartford, Conn

Home

" New York, N. Y

Illinois

" Chicago, 111

Manhattan

" New York, N. Y

Maryland

" Baltimore, Md

Massachusetts Mutual " Springfield, Mass

Metropolitan

" New York, N. Y

Michigan Mutual

" Detroit, Mich

Missouri State

" St. Louis

Mutual Benefit

" Newark, N. J

Mutual

" New York, N.Y

Mutual Reserve

" New York, N. Y

Mutual

" Chicago, 111

National

" Washington D. C

National

" Montpelier, Veimon i

New England Mutual " Boston, Mass

New York

" New York, N. Y

Northwestern Mutual " Milwaukee, Wis

Pacific Mutual

" San Francisco, Cal...

Prudential

" Newark, N. J

Penn Mutual

" Philadelphia, Pa

Phcenix Mutual

" Hartford, Conn

Provident SaviDgs

" New York, N. Y

Reliance

" Pittsburgh, Pa

Royal Union Mutual.. " Des Moines, la

Security Trust

" Philadelphia, Pa. ...

Security Mutual

" Binghamton, N.Y

South Atlantic

" Richmond, Va

4,320,335 00 1,180,500 00 14,351,590 00 2,370,976 00 2,015,495 21
439,652 00 2.722,793 00 1,190,052 00 1,207.200 00 2,578,214 00
529,250 00 5,078,882 00 10,112,136 00 1,024,707 62
7,036,357 00 22,403,720 00 2,587,489 00
155,000 00 2,333,986 51
656,000 00 768,000 00
12,658,244 00 559 750 00
5,619,549 00 16,773,503 00
1.551,700 00 3,579,969 00
482,265 00 427,799 00 2 502,826 00 136,500 00

136,208 63 38,346 65 432.442 39 65,731 14 68 057 35
14,7^6 69 84,268 04 38,446 17 30,006 46 75,828 90 16,316 75 160,569 60 314,201 72 26 037 19
2.55,761 84 795.160 41
68,365 53 1,999 78
57,383 89 17,896 66 30,316 79 761,768 18 374,949 57 17,796 88 190.953 24 500,107 06 60,515 22 127.161 11
17,509 86 17,477 12 61 001 14 2,853 37

68,760 00 5,000 00
190,885 68 34,620 75
9,603 16
1,000 00 55,500 00
3,200 00 11,610 00 38,065 00 4 000 00 52,200 00 78,607 59

67,448 33,346 241,556 31,110 58,454
13,716 28,768 35,246 18,396 37,763 12,316 108,369 23o,594

d

15

36 00 8 16 00 16 00$ 1,362 09 1,480 09 H

1 1

2 40 16 00 16 00 383 47 417 87 2 40 16 00 16 00 4,824 42 4,858 82

o W

18 1 1

43 20 2 40 2 40

16 00 16 00 16 00

16 00 16 00 16 00

657 31 680 57

732 51 714 97 34 40

u

21

50 40 16 00 16 00

147 17

229 57

w

23

52 80 16 00 16 00 842 68 927 48

I

9

21 60 16 00 16 00 384 46 488 06

6

12 00 16 00 16 00 300 06 344 06 H

10

24 00 16 00 16 00 758 29 814 29 !zi

2 15

4 80 16 00 16 00 163 17 199 97 36 00 16 00 16 00 1,605 70 1,678 70

w W

152 361 80 16 00 16 00 3,142.02 8,538 82

15,765 00

10,272

3

7 20 16 00 16 00 260 37 299 57

87,748 33 168,013

1 31

2 40 16 00 16 00

84 40

74 40 16 00 16 00 2,557 62 2 663 00

o5

284.213 00 73,278 46
12,250 00

560,947
1,999 45,133 17,896

28 Id 8

67 20 96 00 19 20

16 00 16 00 32 00

16 00 16 CO 32 00

7,951 60 688 65 20 00

8.050 80 811 65 103 20

w
M

8 1

19 20 16 00 16 00 2 40 16 00 16 00

573 83 178 97

625 13 218 37

o

30,316

10

24 00 16 00 in 00 303 17 359 17

231,949 98 129,206 00

532,818 245,743

56 134 40 16 00 16 00 7,647 68 7,814 08 88 80 16 00 16 00 8,749 49 8,870 29

1,000 00 131 388 14

16,7u6 59,565

16 00 16 00 239 43 271 43 21 60 16 CO 16 00 1,909 53 1,963 13

92,692 00 4,033 00 39.020 00

407,415 56,482 88,141

213 60 14 40 19 20

16 00 16 00 16 00

16 '0 5,001 07 5,246 67 16 00 605 15 651 55 16 00 1,271 61 1,822 81

10,000 00

7,509 86

16 CO 16 00 2 40 16 00 16 00

175 09

82 00 209 49

11,534 00 31,216 00

5 943 12 29,785 14

7 20 16 00 16 00 55 20 16 00 16 00

174 77 610 01

213 97 697 21

5,000 00

2,146 I

2 40 16 00 16 00

28 53

62 93

Sun State State Mutual.... Travelers Union Central. Washington
Toial

IMontreal, Canada Indianapolis, Ind. Worcester, Mass....
Hrrtford, Conn Cincinnati, Ohio.. New York, N. Y

857,000 00
1,599,900 00 325,500 00
4,766,292 00
4,777,139 00 992,425 00

28,387 51 45,926 41
9.156 73 158,098 89 161,094 00
32,647 30

7000 00 17,600 00
38,780 00 80,500 00 11,821 00

21,837 61 28,426 41 9,156 119,318 89
180,594 00 21,826 80

8 142,672,751 31 * 5.298.816 17 8 1,758.747 09 8 8.540,528 74'87,05956 7:

7 20 21 60 14 40 129 60 52 80 21 60

16 00
16 00 16 00 16 00 16 00 16 00

16 00 16 00 16 00 16 00 16 00
16 00

283 38 469 26
91 56 1,580 99 1,610 94
326 47

322 58
612 86 187 96
1,742 59 1,695 74
880 07

$ 1,778 60 8 672 00 t 672 00 858 045 59 856.163 19

o
I'V
o w g w o I

M
W >
f o>wwn
s

|TABLE No. 6.
Showing Business Done by Assessment, Life, Fire and Accident Insurance Companies in this State for the Year Ending April 30, 1903.

NAME OF COMPANY.

STATE.

American Assurance Associat'n Atlanta, Ga..

American Insurance Co Athens Mutual Fire Co continental Aid Association --

Atlanta, Ga... Athens, Ga. . Atlanta, Ga..

Cotton Mill Mutual Fire Co Empire Mut. Annuity and Life Co

Augusta, Ga. Atlanta, Ga..

Farmers' Co-operative Fire Co ... Jackson, Ga..

Georgia Industrial Association... Atlanta, Ga..,

Great Southern Home Industrial Association
Georgia Co-operBtive Fire Co Home Friendly Society Industrial Life Association Industrial Life and Health Ins Co

Birmingham, Ala. Augusta, Ga Baltimore, Md... Elberton, Ga Atlanta. Ga

Laborers' Life end Industrial Aid Association
Loyal Protective Association

Buena Vista, Ga.. Boston, Mass

Merchants Mut. Fire Associ'n.... Monroe, Ga

Mutual Aid Association

Augusta, Ga

Mutual Life Insurance Co Mutual Fire Indemnity Associatn

Athens, Ga Augusta, Ga

Southern Mutual Life Associat'n. Atlanta, Ga

Btate Mutual Life and Annuity.. Rome, Ga

Totals

..

Amount of Insurance in Premiums
force.

Losses Paid.

Premiums in excess of
Losses.

J

* .
88, 75 00 33,322 50 1,444,206' 00

t ....

1,478 14 2,998 45

646 09

1,478 14 2,353 36

32,924 25 '"825'66 "'32,699'25

101 65

731 45

111 65

619 80

' 301,276 00 ' 12,816' 85 "5-459'36 "'7,'36i'49

856,420 00 i'75,377'80 ' 44,i89'95 "131,187 85

300 00

46 52

25 00

2152

"124,656 00
'7*955*60 109,900 00

"ves'f "-8"3i6'66
1,444 61

""2',76869 4,382 00 "'3,958'66
188 09 1,256 52

ibiV.Vso'oo "64,501 is "12,536'88 "5l',964'25

$ 5,903,650 15 $ 301,421 89 g 68.363 02 8 235,068 87

o

a a

US'
z

< a

49
ssoa

3 c
bed GJ3

S3 w

=3

X EH

a o B
*t

14 40 *36'66
"2'io

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

14 78 29 98
329 24

32 00 32 00

o w

46 78 76 38

tF-l

32 00

397 24 32 00 34 40

w a I

19 20 16 00 16 00

58 31

"bib

16 00 16 00

16 00 16 00

128 1

32 00 169 71

2 40 16 00 16 00

34 40

177 60 16 00 16 00 ' 1,763*77 1,963 37

>E-1

16 80 32 00 32 00

81 27

16 00 16 00

32 00

"7440 16 00 16 00 2 40 16 00 16 00

H 134 09 34 40

9 60 16 00 16 00 2 40 16 00 16 00

83 40 14 44

125 00 48 80

O

9 60 16 00 16 00 14 40 16 00 16 00

645 01

41 60 691 41

H

$ 391 20 8 852 00$ 352 00 8 3,034 20|$ 4,129 40

TABLE No. 7. Showing Business done by Accident, Marine Surety and Plate Glass ( mpanies in this State for the Year Ending
April 30, 1903.

NAME OF COMPANY.

STATE.

JEtna. Accident -Etna Indemnity Ameilcan Surety

........"!'"

Co " "

Hartford, Conn Hartford, Conn New York, N.Y

American Credit Indemnity ..'.'.'...' American Bonding

" "

New York, N. Y.... Baltimore, Md

Bankers' Mutual Casualty Casualty Co. of America .
City Trust, Sale and Deposit

" Des Moines, la

,,''"

New Y'ork, N. Y .... Philadelphia, Pa..

Employers'Liability Assn Fidelity and Casualty ..

" "

England New York, N. Y ....

Fidelity.and Deposit Guarantee Co. of N. A

" Baltimore, Md Montreal, Canada.

Hartford Steam Boiler

'"' Hartford, Conn

Lloyds Plate Glass

"..'.'.'. " New York, N. Y

London Guarantee and Accident'"! Maryland Casualty

"

London, England.. Baltimore, Md ..,

Metropolitan Plate Glass National Suiety .

" "

New York, N. Y.... New York, N. Y ..

New York Plate Glass.!".'.'.'.'.'.".'.;'..;!"; " New York, N. Y . .

North American Accident Ocean Accident

"

Chicago, 111 New York, N. Y

Pennsylvania Casualty Pacilic Surety Preferred Accident Standard Life and Accident

" " ""

Scran ton, Pa..
San Francisco, Cal. New York. N. Y Detroit, Mich

Thames and Mersey Marine Title Guaranty
The Great Eastern Casualty . Travelers' Accident

"
" <

England Scran ton, Pa New York, N. Y ... Hartford, Conn ...

United States Casualty

" New York, N. Y

Union Casualty and Surety

St. Louis, Mo

United States Fidelity & Guaranty

Baltimore, Md

United States Health* Accident.... Saginaw, Mich

Amount of Insurance Premiums in Force.

Losses Paid.

Premiums in excess
of Losses.

Loss.

v be 3 O 2!

666,266 00 4,188,677 00
344,500 00 2,279,076 43
39,000 00
""S'ireis'b'i
13,516,768 80 3,236,400 00 2,307,500 00 1,132,157 00
43,549 90 1,647,500 00 9,890,015 00
98,869 00 2,510,608 00
18,744 00 1,778,263 00 3,223,711 42
333,600 00 97,801 00 5,867,455 00 2.638,800 00 1,292,276 00
16.678,640 00 18,366,192 00 1,313,015 00 5,842,151 00

$
3,583 40 11,668 24 19,525 00 11,334 99
367 50

382"33 24,299 52

""l|533'l8 9,841 22
46,571 43 20.021 81 6,850 74 10,712 55 1,313 76 7,796 45 44,206 2,297 73 8,826 06
687 02 3,386 61 21,081 89 3,987 40 1,914 00 17,297 00 20,533 46 2,984 69
645"% 58,679 96 24,884 90 5,944 02 26,605 06

350 00 5,22T 39 15,059 67 12,176 39
706 93 485 49 384 72 7,641 12 26,035 35 474 87
375 71 575 97
19,286 84 1,906 67 517 12
10 286 07 11,692 18
854 52
""644
18,513 34 22,863 45
3 506 27 17,562 06

3.583 40 11,285 91
4,774 52 11,334 99
867 50
""iiiSTis
4,613 83 31,511 76
7,845 42 6,143 81 10,227 06
929 05 155 33 18,171 28 1,825 8,826 06 311 31 2,810 64 1,795 05 2,080 73 1,396 88 7.010 93 8,841 28 2,130 17
6"44 40,166 62
2,021 45 2,437 75 9,043 00

a
43 20 115 20
4 64 80
9 60 9 60 67 20 26 40 4 72 00 21 60
26 40 26 40 7 20 2 40 2 40 26 40 7 20 2 40 21 60 69 60 2 40 2 40 4
26 40 7 20
72 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 Id 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 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
ie oo
16 00

Tax.
579 69 35 83 116 68 195 25 113 35 3 68
15 33 98 41 465 71 200 21 69 23 107 12 13 14
442 07 22 97 88 26 6 87 33 87 210 82 39 87 19 14 172 9; 201 93 ' 33 24
6 46 586 80 248 85 59 44 266 05

Total.
Ill 03 263 88 232 05 210 15 35 68 32 00 56 93 140 01 564 91 258 61 106 03 211 12 66 74 32 00 500 47 81 31 127 46 41 27 68 27 269 22 79 07 53 54 70 79 303 53 67 64 34 40 43 26 586 80 307 25 98 64 370 05

O o a
H So O f r< H to
i
Q .M
H W
W H O W H

Total.

2 40 16 00 16 00

. 34 40

8 99,933,279 59 $ 395,082 45 8 201,170 4218 197,653 69

312 8 748 8ol$ 496 00 g 496 00 8 4,453 24 8 5,458 57

S

TABLE No. 8.
Comparative Table Showing Comparative Business of Insurance Companies in the State for the Years 1898, 1899, 1900, 1901,1902, 1903^

-gh

s

a

1898 Fire Companies doing brokers' business

1899|Fire
1899,Life 1899lCo-operative Companies
1899IAccident, Surety and Marine 1899 Fire Companies doing brokers' business

1900 Fire

1900 Life

1900 Co-operative

1900 Accident, Surety and Marine

1901 Fire Companies

1901 Old Line Life Companies 1901 Assesment Life Companies



1901 Accident, Plate Glass, Marine and Surety Co s.

1901 Fraternal Orders

1902 Fire

1902 Old Line Life 1902 Assessment Life

;

1902 Accident, Plate Glass, Marine and Surety Co s.

1902 Fraternal Orders



1902 Agent's tax receipted for as fees by mistake

1902 Overpayment of fees

1903 Fire
1903 Life 1903 Co-operative 1903 Accident, Surety and Marine

1903 Fraternal Orders

< -
165,917,945 42 2,170,800 57 103,549,449 47 3,184,674 79
10,663,310 00 273,130 07 65,608,411 90 237,758 19
179,561,495 07 2,419,054 02 92,223,613 31 3,989,954 41
7,847,605 00 276,811 01 76,015,608 11 260,701 94 231,234,339 40 2,799,184 25 132,654,379 80 4,096,642 95
4,659,699 50 231,899 72 106,758,014 37 329,627 19

1,227,318 89 1,087,294 41
127,798 96 150,059 11
1,575,983 77 1,488,443 73
100,074 48 122,829 96 1,543,133 20 1,524,301 42
51,478 98 150,316 41

8 2,685
457 150 197
2 2,694
580 152 195 2,816 739 127 200

234,719,433 69 3,002,653 49 1,379,395 44 2,515 140,409,404 72 4,799,931 23 1,843,778 09 744
4,848,391 00 275,400 53 54,375 95 99 101,564,929 45 382,844 05 203,605 77 244

225,048,844 32 3,241,995 28 1,431,332 91 2,890 142,672,751 34 5,298,816 17 1,758,747 09 739
5,903,650 15 303,421 89 68,363 02 163 99,933,279 56 395,082 45 201,170 42 312
473,558,525 37 9,239,315 79 3,459,613 44

179 20 281 90

8,356 20 21,715 62

2,216 80 31,850 31

776 00 2,731 26

1,336 80 2,377 54

68 80

26 48

8,514 40 24,190 38

2.512 00 36,385 58

780 80 2,768 10

1,396 80 2,607 06

8,839 20 27,991 69

2,989 60 40,966 36

848 80 2,334 58

1,312 00 3,296 25

220 00

7,860 80 30,007 81

3,065 60 48,057 48

653 60 2,754 00

1.513 60 3,828 40

300 00

30 00

80

8,728 00 32,817 29

3,117 60 53,045 59

1,095 20 3,034 20

1,740 80 4,453 24

430 00

15,111 60 93,350 32

3

O o

461 10

30,087 42 34,067 11

H W

3,507 26 3,714 34

Ot"1

w

32,704 78 w

38,897 58 3,548 90

owI

4,003 86

36,830 89 w

43,955 96 3,183 38 4,608 25

>r1

39,692 61 51,123 08

H

3,407 60 O

5,342 00

W H

41,543 29 56,163 19
4,129 40 5,458 57
107,294 45

INDEX.

A

.ETNA ACCIDENT INSURANCE COMPANY, HARTFORD, CONN.--

Statement of

376-380

.ETNA INDEMNITY COMPANY, HARTFORD, CONN.--

Statement of

373~376

.ETNA LIFE INSURANCE COMPANY OF HART-

FORD, CONN.--

Statement of

163-168

AGRICULTURAL FIRE INSURANCE COMPANY, WATERTOWN N, Y.--

Statement of

19- 21

AMERICAN ASSURANCE ASSOCIATION, ATLANTA, GA.--

Statement of

346-347

AMERICAN BONDING COMPANY OF BALTI-

MORE, MD.--

Statement of

380-383

AMERICAN CENTRAL FIRE INSURANCE COMPANY OF ST. LOUIS, MO.--

Statement of

21-24

AMERICAN CREDIT INDEMNITY COMPANY

OF NEW YORK--

Statement of

383-385

AMERICAN SURETY COMPANY OF NEW

YORK, N. Y.--

Statement of

386-390

ATLANTA-BIRMINGHAM . FIRE INSURANCE

COMPANY OF BIRMINGHAM, ALA.--

Statement of

26- 28

486

INDEX.

ATLANTA HOME FIRE INSURANCE COMPANY

OF ATLANTA, GA.--

Statement of

24- 26

B

BANKERS MUTUAL CASUALTY COMPANY,

DES MOINES, IOWA-- Statement of

39I_393'

BRITISH AMERICA ASSURANCE COMPANY

OF TORONTO, CANADA--

Statement of

28- 30

CASUALTY COMPANY OF AMERICA, NEW YORK, N. Y.--

Statement of

;

393"394

CITIZENS' FIRE INSURANCE COMPANY OF

ST. LOUIS, MO.--

Statement of

30- 33'

CITY TRUST, SAFE DEPOSIT AND SURETY

COMPANY OF PHILADELPHIA, PA.--

Statement of

394~398:

COMMERCIAL UNION ASSURANCE COMPANY,

LIMITED, LONDON, ENGLAND--

Statement of

33-36

CONNECTICUT FIRE INSURANCE COMPANY,

HARTFORD; CONN.--

Statement of

'.','

^n_ 40.

CONNECTICUT MUTUAL LIFE INSURANCE

COMPANY OF HARTFORD, CONN.--

Statement of

;

168-172

CONTINENTAL AID ASSOCIATION, ATLANTA GA.--

Statement of

347-349*

CONTINENTAL FIRE INSURANCE COMPANY^

OF NEW YORK--

. .

Statement of ............

36-38

INDEX.

487

COTTON MILL MUTUAL FIRE INSURANCE

COMPANY OF AUGUSTA, GA.--

Statement of

349

E

EMPIRE MUTUAL ANNUITY AND LIFE IN-

SURANCE COMPANY, ATLANTA, GA.--

Statement of

35~352

EQUITABLE LIFE ASSURANCE SOCIETY OF

THE UNITED STATES, NEW YORK,

N. Y--

Statement of

172-176

F

FARMERS' CO-OPERATIVE FIRE INSURANCE

COMPANY OF JACKSON, GA.--

Statement of

353"354

FEDERAL LIFE INSURANCE COMPANY, CHI-

CAGO, ILL.--

Statement of

176-180

FIDELITY AND CASUALTY COMPANY OF

NEW YORK, N. Y--

Statement of

402-405

FIDELITY AND DEPOSIT COMPANY OF MA-

RYLAND, BALTIMORE, MD.--

Statement of

405-407

FIDELITY MUTUAL LIFE INSURANCE COM-

PANY, PHILADELPHIA, PA,-- .

Statement of

180-185

FIRE ASSOCIATION OF PHILADELPHIA, PA.--

Statement of

41- *->

FIREMAN'S FUND FIRE INSURANCE COM-

PANY OF SAN FRANCISCO, CAL.--

Statement of

44. 45

FRANKLIN LIFE INSURANCE COMPANY,

SPRINGFIELD, ILL.--

Statement of

.

185-189

488

INDEX.

G

GEORGIA CO-OPERATIVE FIRE ASSOCIATION--

Statement of

355"356

GEORGIA HOME FIRE INSURANCE COMPANY

OF COLUMBUS, GA.--

Statement of

47- 40

GEORGIA INDUSTRIAL INSURANCE COMPANY, ATLANTA, GA.--

Statement of

354-355

GERMAN-AMERICAN FIRE INSURANCE COM-

PANY OF NEW YORK, N. Y.--

Statement of

52- 55

GERMAN FIRE INSURANCE COMPANY OF

FREEPORT, ILL.--

Statement of

40- c2

GERMANIA FIRE INSURANCE COMPANY,

NEW YORK, N. Y.--

Statement of

55- 57

GERMANIA LIFE INSURANCE COMPANY, NEW

YORK--

Statement of

189-193

GLENS FALLS FIRE INSURANCE COMPANY OF

GLENS FALLS, N. Y.--

Statement of

57- eg

GREAT EASTERN CASUALTY AND INDEMNI-

TY COMPANY OF NEW YORK, N. Y.--

Statement of

455-458

GREAT SOUTHERN HOME INDUSTRIAL AS-

SOCIATION OF BIRMINGHAM, ALA.--

Statement of

357-^8

GREENWICH FIRE INSURANCE COMPANY OF

NEW YORK, N. Y--

Statement of

6o_ 62

GUARANTEE COMPANY OF NORTH AMERI-

CA, MONTREAL, CANADA--

Statement of

408-410

INDEX.

489

II

HAMBURG-BREMEN FIRE INSURANCE COM-

PANY OF HAMBURG, GERMANY--

Statement of

63- 65

HANOVER FIRE INSURANCE COMPANY OF

NEW YORK, N. Y.--

Statement of

65- 67

HARTFORD FIRE INSURANCE COMPANY OF

HARTFORD, CONN --

Statement of

68- 70

HARTFORD LIFE INSURANCE COMPANY,

HARTFORD, CONN.--

Statement of

199-203

HARTFORD STEAM BOILER INSPECTION AND

INSURANCE COMPANY, HARTFORD,,

CONN.--

Statement of

410-413

HOME FIRE INSURANCE COMPANY OF NEW YORK, N. Y.--

Statement of

70- y^

HOME FRIENDLY SOCIETY, BALTIMORE, MD.-

Statement of

358-360

HOME LIFE INSURANCE COMPANY, NEW

YORK, N. Y.--

Statement of

203-208

I

ILLINOIS LIFE INSURANCE COMPANY OF

CHICAGO--

Statement of

208-212

INDUSTRIAL AID ASSOCIATION OF ATLANTA,

GA.--

Statement of

360-363

INSURANCE COMPANY OF NORTH AMERICA,

OF PHILADELPHIA, PA.-- Statement of

74- yy

490

INDEX.

INSURANCE--

Names and post-offices of Fire Insurance Companies

authorized to transact business, 1903

472-473

Names and post-offices of Life Insurance Companies

authorized to transact business, 1903

474-475

Names and post-offices of Accident, Marine, Surety

and Plate Glass Insurance Companies authorized

to transact business, 1903 ...

476

Fire Business

478-479

Old Line Life Business

480-481

Assessment Life and Accident Business

482

Accident, Marine, Surety and Plate Glass Business.. 483

Comparative business of Insurance Companies from

1898 to 1903

484

L

LABORERS' LIFE INSURANCE AND INDUS-

TRIAL AID ASSOCIATION, BUENA

VISTA, GA.--

Statement of

363

LAW UNION AND CROWN FIRE INSURANCE

COMPANY OF LONDON, ENGLAND--

Statement of

82- 84

LIVERPOOL AND LONDON AND GLOBE IN-

SURANCE COMPANY OF LIVERPOOL,

ENGLAND--

Statement of

77- 80

LIVERPOOL AND LONDON AND GLOBE IN-

SURANCE COMPANY OF NEW YORK,

N. Y.--

Statement of

80-82

LLOYDS PLATE GLASS INSURANCE COMPA-

NY OF NEW YORK, N. Y.--

Statement of

414-416

LONDON AND LANCASHIRE FIRE INSURANCE

COMPANY OF LIVERPOOL, ENGLAND--

Statement of

87- 89

LONDON ASSURANCE CORPORATION OF LON-

DON, ENGLAND--

Statement of

84- 86

INDEX.

491

LONDON GUARANTEE AND ACCIDENT COM-

PANY, LIMITED, LONDON, ENGLAND--

Statement of

416-418

LOYAL PROTECTIVE ASSOCIATION OF BOSTON, MASS.--

Statement of

363-365

M

MANCHESTER FIRE ASSURANCE COMPANY

OF MANCHESTER, ENGLAND--

Statement of

8g- 91

MANHATTAN LIFE INSURANCE COMPANY, NEW YORK, N. Y.--

Statement of

212-217

MARYLAND CASUALTY COMPANY OF BAL-

TIMORE, MD.--

Statement of

418-423;

MARYLAND LIFE INSURANCE COMPANY,

BALTIMORE, MD.-- Statement of

217-222

MASSACHUSETTS MUTUAL LIFE INSURANCE

COMPANY, SPRINGFIELD, MASS.--

Statement of

222-226

MERCANTILE MUTUAL . FIRE INSURANCE

COMPANY OF PROVIDENCE, R. I.-- Statement of

02- g?

MERCHANTS' MUTUAL FIRE INSURANCE

COMPANY OF MONROE, GA.--

Statement of

ogc

METROPOLITAN LIFE INSURANCE COMPANY, NEW YORK, N. Y--

Statement of

227-231

METROPOLITAN PLATE GLASS INSURANCE

^ COMPANY OF NEW YORK, N. Y--

Statement of

. ...... 423-425

MICHIGAN MUTUAL LIFE INSURANCE COM-

PANY, DETROIT, MICH.--

Statement of

. . 232-236

492

INDEX.

MILWAUKEE MECHANICS' FIRE INSURANCE

COMPANY OF MILWAUKEE, WIS --

Statement of

94- 96

MISSOURI STATE LIFE INSURANCE COM-

PANY, OF ST. LOUIS, Ma-

Statement of

237-240

MUTUAL AID ASSOCIATION OF GEORGIA--

Statement of

366-367

MUTUAL BENEFIT LIFE INSURANCE COM-

PANY, NEWARK, N. J.--

Statement of

240-245

MUTUAL FIRE INDEMNITY ASSOCIATION OF

AMERICA --

Statement of

369-370

MUTUAL LIFE INSURANCE ASSOCIATION OF

GEORGIA--

Statement of

368-369

MUTUAL LIFE INSURANCE COMPANY OF

ILLINOIS --

Statement of

250

MUTUAL LIFE INSURANCE COMPANY OF

NEW YORK, N. Y.--

Statement of

245-249

MUTUAL RESERVE LIFE INSURANCE COM-

PANY, NEW YORK, N. Y.--

Statement of

251-254

N

NATIONAL FIRE INSURANCE COMPANY OF

HARTFORD, CONN.--

Statement of

96- 98

NATIONAL LIFE' INSURANCE COMPANY,

MONTPELIER, VT.--

Statement of

255-259

NATIONAL LIFE INSURANCE COMPANY OF

THE UNITED STATES OF AMERICA,

WASHINGTON, D. C--

Statement of

259-263

SHHH

INDEX.

493

NATIONAL SURETY COMPANY OF NEW

YORK, N. Y.--

Statement of

425-428

NEW ENGLAND MUTUAL LIFE INSURANCE

COMPANY, BOSTON, MASS.--

Statement of

264-268

NEW HAMPSHIRE FIRE INSURANCE COM-

PANY OF MANCHESTER, N. H--

Statement of

101-103

NEW YORK LIFE INSURANCE COMPANY,

NEW YORK, N. Y--

Statement of

268-273

NEW YORK PLATE GLASS INSURANCE COM-

PANY OF NEW YORK, N. Y.--

Statement of

428-430

NIAGARA FIRE INSURANCE COMPANY OF NEW YORK, N. Y--

Statement of

,

99-101

NORTH AMERICAN ACCIDENT INSURANCE

COMPANY OF CHICAGO, ILL.--

Statement of

43-433

NORTHWESTERN MUTUAL LIFE INSURANCE

COMPANY, MILWAUKEE, WIS.--

Statement of

274-278

NORWICH UNION FIRE INSURANCE SOCIETY

OF NORWICH, ENGLAND.--

Statement of

104-106

O

OCEAN ACCIDENT AND GUARANTEE CORPO-

RATION, LIMITED, LONDON, ENG-

LAND--

Statement of

433-43

ORIENT FIRE INSURANCE COMPANY OF

HARTFORD, CONN.--

Statement of

112-114

-494



INDEX.

P

PACIFIC SURETY COMPANY, SAN FRANCISCO, CAL.--

Statement of

440-444

PACIFIC MUTUAL LIFE INSURANCE COM-

PANY OF CALIFORNIA, SAN FRANCISCO, CAL--

Statement of ....

278-283

PALATINE FIRE INSURANCE COMPANY,

LIMITED, OF LONDON, ENGLAND.--

Statement of

114-116

PENN MUTUAL LIFE INSURANCE COMPANY, PHILADELPHIA, PA.--

Statement of

283-288

PENNSYLVANIA CASUALTY COMPANY "oF

SCRANTON, PA--

Statement of

438-440

PENNSYLVANIA FIRE INSURANCE COM-

PANY OF PHILADELPHIA, PA.--

Statement of

117-110

PHENIX FIRE INSURANCE COMPANY OF BROOKLYN, N. Y.--

Statement of

;

121-124

PHOENIX INSURANCE COMPANY' OF* HART- " FORD, CONN.--

Statement of

124-127

PHOENIX MUTUAL LIFE INSURANCE"COM-

PANY, HARTFORD, CONN.--

Statement of

280-293

PREFERRED ACCIDENT INSURANCE COMPA-

NY OF NEW YORK, N. Y.--

Statement of

g

PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK--

Statement of

203-207

PRUDENTIAL INSURANCE COMPANY
AMERICA, NEWARK, N. J.-- -- Statement of . .

OF 298o-302

INDEX.

495

Q

QUEEN INSURANCE COMPANY OE AMERICA,

OE NEW YORK, N. Y.--

Statement of

127-120

R,

RELIANCE LIFE INSURANCE COMPANY, PITTSBURG, PA--

Statement of

302-304

ROCHESTER GERMAN FIRE INSURANCE COM-

PANY OF ROCHESTER, N. Y.--

Statement of

130-132

ROYAL UNION MUTUAL LIFE INSURANCE COMPANY OF IOWA--

Statement of

304-309

S

SCOTTISH UNION, NATIONAL INSURANCE

COMPANY OF EDINBURGH, SCOTLAND--

Statement of

I35_I38

SECURITY MUTUAL LIFE INSURANCE COM-

PANY, NEW YORK, N. Y.--

Statement of

3I3"3I7

SECURITY TRUST AND LIFE INSURANCE

COMPANY, PHILADELPHIA, PA.-- Statement of

39"3I3

SOUTH ATLANTIC LIFE INSURANCE COM-

PANY, RICHMOND, VA.--

Statement of

317-320

SOUTHERN MUTUAL FIRE INSURANCE COM-

PANY, OF ATHENS, GA.--

Statement of

138-139

SOUTHERN MUTUAL LIFE INSURANCE AS-

SOCIATION.--

Statement of

370

SPRINGFIELD FIRE AND MARINE INSURANCE

COMPANY, OF SPRINGFIELD, MASS.--

Statement of

139-142

496

INDEX,

STANDARD LIFE AND ACCIDENT INSUR-

ANCE COMPANY OF DETROIT, MICH.--

Statement of

446-450

STATE MUTUAL LIFE AND ANNUITY ASSO-

CIATION--

Statement of

370~372

STATE MUTUAL LIFE ASSURANCE COMPA-

NY, WORCESTER, MASS.-- Statement of

329~332

STATE LIFE INSURANCE COMPANY, INDIAN-

APOLIS, IND.--

Statement of

'

325~329

ST. PAUL FIRE AND MARINE INSURANCE

COMPANY, OF ST. PAUL, MINN.--

Statement of

142-144

SUN FIRE INSURANCE COMPANY OF NEW

ORLEANS, LA.--

Statement of

147-149

-SUN LIFE ASSURANCE COMPANY, MONTREAL, CANADA --

Statement of

321-325

THAMES & MERSEY MARINE INSURANCE

COMPANY OF GREAT BRITAIN--

Statement of

450-452

TITLE GUARANTEE AND TRUST COMPANY,

SCRANTON, PA.--

Statement of

452-455

TRADERS' FIRE INSURANCE COMPANY OF

CHICAGO, ILL.--

Statement of

150-152

TRAVELERS' LIFE INSURANCE COMPANY,

HARTFORD, CONN.--

Statement of

.333-3^6

1--U--y^^^^^^^^^^^^^^

INDEX.

497

U

UNION ASSURANCE SOCIETY OF LONDON,

ENGLAND--

Statement of

152-154

UNION CASUALTY AND SURETY COMPANY,

ST. LOUIS, MO.--

Statement of

461-465

UNION CENTRAL LIFE INSURANCE COMPA-

NY, CINCINNATI, OHIO-- Statement of

337_34i

UNITED BRANCH OF THE EMPLOYERS' LIA-

BILITY ASSURANCE CORPORATION,

LTD., LONDON, ENGLAND--

Statement of

398-402

UNITED STATES BRANCH NORTHERN AS-

SURANCE COMPANY OF LONDON, ENG-

LAND--

Statement of

109-111

UNITED STATES BRANCH OF THE NORTH

BRITISH AND MERCANTILE FIRE IN-

SURANCE COMPANY OF LONDON AND

EDINBURGH--

Statement of

106-108

U. S. BRANCH OF THE PHOENIX ASSURANCE

COMPANY, LIMITED, OF LONDON, ENG-

LAND--

Statement of

119-121

U. S. BRANCH OF THE ROYAL FIRE INSUR-

ANCE COMPANY OF LIVERPOOL, ENG-

LAND--

Statement of

132-135

U. S. BRANCH SUN INSURANCE OFFICE OF

LONDON, ENGLAND--

Statement of

145-147

UNITED STATES CASUALTY COMPANY OF

NEW YORK, N. Y.--

Statement of

458-461

INDEX.

UNITED STATES FIDELITY AND GUARANTY

COMPANY, BALTIMORE, MD.--

Statement of

465-469

UNITED STATES HEALTH AND ACCIDENT

INSURANCE COMPANY, SAGINAW,

MICH--

Statement of

469-471

W

WASHINGTON LIFE INSURANCE COMPANY,

NEW YORK, N. Y--

Statement of

342-345

WESTCHESTER FIRE INSURANCE COMPANY

OF NEW YORK--

Statement of

157-159

WESTERN ASSURANCE COMPANY OF TORON-

TO, CANADA-- Statement of

IS5"IS7

WILLIAMSBURGH CITY FIRE INSURANCE

COMPANY OF BROOKLYN, N. Y.--

Statement of. . ./

160-162

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