Report of the Insurance Department of the Comptroller-General's Office [1904]

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THE LIBRARY OF THE UNIVERSITY OF GEORGIA

REPORT
OF THE
Insurance Department
OF THE
COMPTROLLER-GENERAL'S OFFICE
FOR THE
YEAR ENDING DECEMBER 31, 1904.
ATLANTA, GA.
THE FRANKLIN PRINTING AND PUBLISHING CO.
GEO. W. HARRISON, MANAGER iqos

"UNI
'V .--
LIBRARY
OF GEO B^t
MAY 26 '45

REPORT,
OFFICE; OF COMPTROELER-GENERAE, INSURANCE DEPARTMENT.
ATEANTA, GA., January i, 1905.
To His Excellency, Joseph M. Terrell, Governor. SIR: In compliance with law I have the honor to submit the
annual report of this department for the year ending December 31, 1904.
From the annual reports made to this department by all companies licensed to do business in this State for the year 1904 it appears that the Fire Companies received in premiums $3,525,085.70, and paid for losses $1,300,684.18; Life Companies received in premiums $5,971,383.51, and paid losses amounting to $2,300,822.86; Assessment* Life and Industrial Companies received in premiums $379,269.84, and paid losses amounting to $95,406.65 ; and Miscellaneous Companies received $500,080.45, and paid claims amounting to $230,479.30.
It should be borne in mind that these receipts represent gross premiums, and from which should be deducted all items of expense, in order to arrive at actual profits of each class of companies on the year's business.
After, however, allowing these deductions, it will be observed that the business as a whole has been fairly profitable to the companies and at the same time shows a healthy increase, both in volume as well as in the premium income, over last year, the premiums received for 1903 being $9,096,534.79, and for 1904 $10,375,819.50.
Detailed statements of the business written and renewed, gross premiums received on old and new business, losses paid and unpaid, and business in force in Georgia at the end of the year, are embraced herein.
The Act of 1887 providing for State Supervision of Fire, Life,

COMrTROLLER-GENERAL'S REPORT.
Accident and Surety Companies, both domestic and foreign, organized as stock companies, has proven efficient, and has afforded the protection to the people of this State that the authors of the law designed. The record of its eighteen years' operation fully demonstrates the wisdom of its provisions when it is known that during that period no policy-holder in any of this class of companies has failed to collect a legal claim against them.
f regret to say, however, that the statutes regulating the business of mutual or co-operative companies and fraternal orders operated through the lodge or council system have failed to provide the protection for the policy-holders in this class of companies as was designed and intended by the several legislatures that passed them.
I am gratified to state that my repeated recommendations that both domestic and non-resident assessment life insurance companies, desiring to do business in Georgia, be required to make deposits in this State for the security of their policy-holders, resulted in the enactment of such a law. The act, however, does not apply to either industrial, sick and accident companies or fire companies, operated on the assessment plan, nor to fraternal orders operated on the lodge plan. The result has been that the State is being flooded with this class of companies, many of which are organized and managed by persons absolutely without financial responsibility and character, and preying upon the poor and ignorant of both races.
Under these conditions I deem it my duty to renew my recommendation that all such institutions be required to make deposits of reasonable sums with the State Treasurer before receiving the State's license to conduct business in the State, and urge also that provision be made for the Insurance Commissioner to examine their methods of business and pass on their solvency and responsibility. If it was deemed necessary to require deposits by fire and life companies having assets amounting in most cases to many thousands of dollars, it would seem but reasonable that co-operative or assessment companies and fraternal orders having in most cases merely nominal, assets should also be required to make deposits for the protection of their policy-holders. Companies of this character necessarily receive most of their business

COMPTROLLER-GENERAL'S REPORT.

from the poor and laboring people of both the white and colored

races who can only afford to carry a little insurance for the benefit

of their families. This being true, the State should at least give

to this class of her citizens such protection as is afforded policy-

holders in the companies which are now required to make de-

posits with the State Treasurer. The extremely loose provisions

of our statute regulating the incorporation of such companies and

associations, as well as for granting them licenses, have tended

to encourage the organization of a considerable number of such,

and in many cases by persons without financial responsibility or

even experience in the conduct of such enterprises, and in quite

a number of instances by ignorant negroes. Thus organized and

conducted, it is perfectly apparent from the beginning that the

result must be failure and the public suffer thereby.

I therefore renew again my recommendation that suitable leg-

islation to cure the evils referred to be enacted by the General

Assembly at its June session.

The fraternal orders should also be required to pay taxes of

one per cent, on membership fees and annual dues received from

members in Georgia, these being used in payment of salaries to

officers, agents, etc.

lb

T would also recommend that the license be increased to a sum

sufficient to raise a fair revenue from this class of institutions,

the license now being only ten dollars per annum.

Respectfully,

WM. A. WRIGHT, Comptroller-General.

2.^47

The following Fire and Life Insurance Companies, having complied with the faws of Georgia are authorized to transact business in the State for the year 1904 :
FIRE INSURANCE COMPANIES.
American Central Fire, 415 Locust Street, St. Louis, Mo. Agricultural Fire, Watertown, New York. ^Etna Fire, Hartford, Conn. Atlas Assurance Co., London. Atlanta and Birmingham. Atlanta Home, Atlanta, Ga. British America, 18 Front Street, Toronto, Canada. Caledonian, 27 Pine Street, New York. Citizens Fire, St. Louis, Mo. Commercial Union, 58 William Street, New York. Continental, 46 Cedar Street, New York. Connecticut Fire, Hartford, Conn. Fire Association of Philadelphia, 34 Fifth Street, Philadelphia, Pa. Fireman's Fund, San Francisco, Cal. Georgia Home, Columbus, Ga. German Alliance, New York. 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, 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. Law Union & Crown, 35 Pine Street, New York. Liverpool and London and Globe, U. S. B., 45 William Street, New York. Liverpool and London and Globe, New York. London Assurance, U. S. B., 88 Wall Street, New York. London and Lancashire, U. S. B., 48 Pine Street, New York. Manchester, England. Mercantile Mutual Fire, 10 Weybossett Street, Providence, R. I. Milwaukee Mechanics, Milwaukee, National Fire, Hartford, Conn. National Union Fire, Pa. Niagara, New York. New Hampshire, Manchester, N. H. North German, 2 Liberty Street, New York. Norwich Union, 67 Wall Street, New York. North British and Mercantile, U. S. B., 54 William Street, New York.

VIII

COMPTROLLER-GENERAL'S REI>ORT.

Northern Assurance, 25 Pine Street, New York. Orient Insurance Company, Hartford, Conn. Palatine, U. S. B., 2L Nassau Street, New York. Pennsylvania Fire, 510 Walnut Street, Philadelphia, Pa. Phoenix Assurance of England, IT. S. B., 47 Cedar Street, New York. Phcenix of New York, 16 Court Street, Brooklyn, N. Y. Phoenix of Connecticut, 64 Pearl Street, Hartford, Conn. Queen of America, 49 Cedar Street, New York. Rochester German, Rochester, N. Y. Royal, Liverpool, England, Louisville, Ky. Scottish Union and National, U. S. B., 222 Asylum Street, Hartford, Conn. Southern Mutual, Athens, Ga. Springfield 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. AVestchesterFire, 27 and 29 Pine Street, New York. Williamsburg City Fire, 13 Broadway, Brooklyn, N. Y.

LIFE INSURANCE COMPANIES.
./Etna Life, Hartford, Conn. Connecticut Mutual Life, Hartford, Conn. Equitable Life, 120 Broadway, New York. Fidelity Mutual Life, Philadelphia, Pa. Franklin Life, Springfield, 111. Germania Life, 20 Nassau Street, New York. Hartford Life, Hartford, Conn. Home Life, 256 Broadway, New York. Illinois Life, Chicago, 111. Life Insurance Company of Virginia, Richmond, Va. 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 Life, 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.

COMPTROLLER-GENERAL'S REPORT.
Pacific Mutual Life, San Francisco, Oal. Prudential Life, Newark, N. J. Penn Mutual Life, 921 Chestnut Street, Philadelphia, Pa. .Phoenix Mutual Life, Hartford, Conn. Provident Savings Life, 55 Liberty Street, New York. Reliance Life, Pennsylvania. Royal Union Mutual, Des Moines, Iowa. Security Trust, Philadelphia, Pa. Security Mutual Life, Binghamton, New York. South Atlantic, Richmond, Va. Sun Life, Montreal, Canada. State Life, Indianapolis, Ind. State Mutual Life, Worcester, Mass. Traveler's Life 56 Prospect Street, Hartford, Conn. Union Central Life, 243 West Fourth Street, Cincinnati, O. Union Mutual Life, Portland, Me. Washington Life, 21 Courtland Street, New York. Lloyd's Plate Glass, 08 Williams Street, New York. London Guarantee and Accident, 139 La Salle Straet, Chicago, II!. Maryland Casualty Company, Baltimore Md. Metropolitan Plate Glass Company, 166 Liberty Street, New York. National Surety Company, New York, N. Y, New York Plate Gl ass, New York. North American Accident, 217 La Salle Street Chicago, 111. Ocean Accident, 346 Broadway, New York. Pennsylvania Casualty, Scranton, Pa. Pacific Surety, 326 Montgomery Street, San Francisco. Preferred Accident, New York. Standard Life and Accident, Detroit, Mich. Thames and Mersey Marine, 69 Wall Street, New York. Title Guaranty Company, Scranton, Pa. United States Casualty Company, 38 Nassau Street, New York. United States Fidelity and Guaranty, Baltimore, Md. United States Health and Accident, Saginaw, Mich.
FRATERNAL ORDERS.
American Guild, Richmond, Va. American Woodmen, Denver, Col. Atlanta Benevolent and Protective Association, Atlanta, Ga. Benevolent Aid and Relief Association, Richmond, Va. Benevolent Knights, Meridian, Miss. Catholic Knights of America, St, Louis, Mo. Eminent Household of Columbian Woodmen, Atlanta, Ga. Foresters, Toronto, Canada. Fraternal Commercial Union, Atlanta, Ga. Fraternal Union, Denver, Col. Fraternal Relief Association, Richmond, Va, Fraternal Bankers of America, St. Louis, Mo,

COMPTROLLER-GENERAL'S REPORT.
Fraternal Censor, Dayton, O.
Fraternities, Accident Order, Philadelphia, Pa. Golden Cross, Knoxville, Tenn. Great Southern Home, Birmingham, Ala. Heptasophs, Baltimore, Md. Herald's of Liberty, Huntsville, Ala. Ladies of the Maccabees, Port Huron, Mich. Masons Annuity, Atlanta, Ga. Modern Puritans, Norfolk, Va. Modern Workmen of the World, Alexandria, Va. Modern Brotherhood. National Benevolent Society, Kansas City, Mo. National Fraternal Union, Murray, Ky. National Laborers' Protective Union, Atlanta, Ga. National Benevolent Society. National Union Life Association, Atlanta, Ga. North American Union, Colorado. Order of Washington, Portland, Oregon. Pilgrims' Benevolent Aid Association, Augusta, Ga. Royal Arcanum, Boston, MassRoyal Benefit Society. Royal Benevolent Union, Atlanta, Ga. 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. United Aid Society, Savannah, Ga. United Workmen.

COMPTROLLER-GENERAL'S REPORT.

xi

The following assessment Fire, Life and Accident Insurance Companies, having complied with the law, are authorized to transact business in the State for the year 1904:
Athens Mutual Fire Insurance Company, Athens, Ga. American Insurance Company (Are), Atlanta, Ga. American Home Protective Association, Valdosta, Ga. American Assurance Association, Atlanta, Ga. Commonwealth Fire Insurance Company, Atlanta, Ga. Commercial Union of Georgia, Ellijay, Ga. Continental Aid Association, Atlanta, Ga. Cotton Mill Mutual Fire Insurance Company, Augusta, Ga. Empire Industrial Insurance Association, Atlanta, Ga. Empire Mutual Annuity and Life Insurance Company, Atlanta, Ga. Farmers' Co-operative Fire Association, Jackson, Ga. Georgia Industrial Insurance Company, Atlanta, Ga. Georgia Co-operative Fire Insurance Company, Augusta, Ga. Globe Fire Insurance Company, Atlanta, Ga. Ho ne Friendly Society, Baltimore, Md. Industrial Life Association, Elberton, Ga. Industrial Life and Health Insurance Company, Atlanta, Ga. Laborers' Life and Industrial, Buena Vista, Ga. Metropolitan Mutual Benefit Association, Atlanta, Ga. Mutual Life and Wage Guaranty Company, Atlanta, Ga. Mutual Life and Industrial Association, Athens, Ga. Mut'ial Fire Indemnity Association, Augusta, Ga. Mutual Benefit Society, Barnesville, Ga. Southern Mutual Life Association, Atlanta, Ga. State Mutual Life and Annuity Assojiation, Rome, Ga. Union Mutual Association, Atlanta, Ga. United States Co-operative Life Insurance Association, Atlanta, Ga.

The following Insurance Companies other than Fire and Life having complied with the law, are authorized to transact business in the State for the year 1904:
yEtna Indemnity, Hartford, Conn. American Surety, New York. American Bonding and Trust Company, Baltimore, Md. City Trust, Safe and Deposit, Philadelphia, Pa. Employers Liability Insurance Association, 84 and 85 King William Street,
London, England, and 71 Kilby Street, Boston, Mass. Fidelity and Casualty, 214 Broadway, New York. Fidelity and Deposit Company, Baltimore, Md. Frankfort Marine Accident and Plate Glass, Frankfort, Ky. General Accident Association Corporation, Philadelphia, Pa. Great Eastern Casualty, 299 Broadway, New York. Guarantee of N. A., 157 St. James Street, Montreal, Canada. Hartford Steam Boiler, 218 Main Street, Hartford, Conn.

LIST OF
NSURANCE AGENTS
WHO HAVE PAID THE
OCCUPATION TAX FOR THE YEAR J904
From January Jst to October 1st of said Year.

Acworth, Cobb County. Clarke, A. J.

Jenkins, W. K.

Ashburn, Worth County. Self, A. J.

Austell, Cobb County. Monk, W. C.

Arthur, F. B. Bagley, I). W. Davenport,'J. A. Drew, B. H.
Barnes, A. Jr. Bomar, E. E. Council, C. M. Davis, J. T.

Americus, Sumter County.

Hansford, L. M.
Harrold, T. McKay, S.

Mathis, J. E. .Morgan, L. A. Rooney & Davenport.

Albany, Dougherty County.

Jordan, R. W. Mercer, J. F.
Mlchell, W. M. Sterne, E.

Ticlinor, F. O. & Co.
Warren, R. II. AVestbrook, C.

Dooly, Wm.

Appling, Columbia County.

Beaugard, J. W. Crosby & Parrisli.
Hammock, H. E.
Blackwell, R. L. Brodnax, F. E. Brooks, W. P. Ciimbus, G. W. Darwin, J. A. Davis, J. T.

Adel, Berrien County.

Dooly, W.

Wells, W. D.

Arlington, Calhoun County. McXiel, J. O.

Athens, Clarke County.

Head, W. B. Johnson, L. M. Jankower, M.

Morton, J. W. Overby, N. Sliackelford iV: Shackel-

Kittle & Jackson. Lipscomb F. A.

ford I'pson, S. C.

Marler, J.'A.

COMPTROLLER-GENERAL'S REPORT.

Brantley, A. C.

Ailey, Montgomery County. Oliver, W. J.

Augusta, Richmond County.

Allen, J. V. H. & Co. Davis, C. N.

Phinizy & Co.

Alexander & Johnson. Deas, W. D.

Reynolds, J. S. & N. M

Armstrong, J. L. Barrett, H. G.
Butt, P. M. Campbell, T. R. Carpenter, Geo. C.

DeLoach, A. G. Graham, F. T. Gray. M. B. Harrison, T. F. Heard, I. T.

Robbe, C. A. Seigles, G. G. Sherman W. H. Stout, G.* O. Sharpe, R. V.

Chew, B. A. Clement, John B. Cohen, S. H. Coutry, H. Crane, W. H. Crane, H.

Hook & Pickett. Kalbneish. E. G. Keenan. W. E. Long, G. AY. MeMlllen, W. W Miller. J. W. S.

Toole, .1. F. Waddell, R. Walker J. W. Wall A-. L. Williams. M.
Wright, A. R.

Cronin. P. J.

Mulherin J. L.

Yann, W. W.

Cunningham, A. L. North, 11. M.

Akers & Skinner. Alexander, W. M. Anderson. J. A. Angier, C. Atkinson, J. D. Barber. F. L. Bell, R. E. Bickers, W. H. Bradley, E. L.
Broyles, B. C. Broun, T. B. & Son.
Brown, J. Bruce, H. G. Buchanan, J. E. Burroughs, A. L. Burwell, B. L. Burns, F. J. Burns, T. J.
Camp, S. C, Carlisle. B. A.
Chamberlain, E. V. Chick. U. P. Cockrell, J. C. Coleman, H. A.
Coleman, F. W. Cooney, H. L. Crook, R. Cowls. J. S. Cox. S. A. Davis, J. C. Davis. C. S. Daniel. J. S. Daniel. B. L. Dean. W. D. Dobbs. E. J. Dowell, T. P. Dunbar. A. S. Dorsey, H. H. Edwards, J. K.I wanly. F.
Ellis, R. C.

Atlanta, Fulton County

Erdman, W. W. Erdman, C. M. Erwin, J. A. Featherston, W. S.

Ma thews, C. S. Marcant, A. H. Meredith, J. K. Merry, E. C.

Field J. Fulso'm, C. H. Foreman, J. J.

Michener, B. E. Milledge, R. H., Jr. Moii'lield. D. E.

Galloway, S. H.

Morgan F.

Geston & Garner.

Mullin. 'J. H.

Hanson, G. J.

Neal, C. M

Hagatt,*F. W.

Nipper, J. I >.

Ilainmelt, A.

raschal, W. G.

Hatcher. Lipscomb & Phillips, A. L.

Jerome.

Phillips. G. K.

Hayes. H. T.

Reynolds, Jno. C.

Hargrove. C. B.

Ridley it Robinson.

Hill, L. J.

Ruff, B. Z.

Hillyer, S. L.

Russell, J. S.

Hester,' T. L.

Sawyer, D. L.

Hollingsworlh. J. F. Sims. R. L.

Hollingsworth. G. M. Straus, Mrs. N.

Holbrook W. P.

Straus, E.

Hoyt, W.' R.

Smith. Mrs. E. Y.

Hudson, G. G.

Stephenson. A. AY.

Hurst, D. L.

Taylor, AY. A.

Immel J. H.

Truslow, A. R.

Jackson, A. F.

Tumlin. J. C.

Jackson. M. M.

Tupper. S. Y.

James. C. T.

Van Winkle, IJ.

Johnson, B. T.

Veal, T. E.

Jones. J. 0.

Veal. T. E.

Kirby, E. E.

AYallace. T. B.

Kirkpatrlck J. C.

Wight & Butt.

Lathrop, E.'S.

Wilhelm, J. E.

Lee, H.

Wilkinson S. J.

Lewis. 0. H.

White. M."

McCullough, J. C.

Wilder, A.

McCullock, J. E.

AYest, J. G.

McDaniel. D. L.

AYolfe. N F.

McCafa, T. E.

AYood. E. R.

COMPTROLLER-GENERAL'S REPORT.

Baggs, M. B. Campbell. B. M. MeRee & Co.

Bainbridge, Decatur County.

Morgan, T. E. Morris, P. A. Reid, .1. E.

Townsend & Dickerson Wayne & Fleming. Wilson, J. C.

Hancock, W. H. Mathews, R. C. Maun, S. C.

Barnesville, Pike County.

Means, .7. M. MeCrary, .T. A.

Murphy, E. S. & Son. Starr, J. M.

Bartow, Jefferson County. Smith, H. B.

Johnson, A. L.

Baxley, Appling County. Parker, C. H.

Blackshear, Pierce County.

Brantley & Pomroy. Pierce, A. Mclntosh, D. J.

Strickland, A. J.

Ball, A. Y. Culpepper, W. C.

Blakely, Early County.

Free, R. L. C regory, I. W.

Powell, W. H.

Carter, C. H.

Blue Ridge, Fannin County. Crawford, T. H.
Broxton, Coffee County. Clieatliam & Googe.

Boston, Thomas County. Brantley & Feltham. Brooks & Brooks. Jones it Horn.

Hardman, L, A.

Buford, Gwinnett County. Pattillo, L. P. & Co. Suddertu, L>. G.

Buchanan, Haralson County. Hutcheson. W. R.

Brown, M. L.

Buena Vista, Marion County. Chapman, Thos. E.

Bremen, Haralson County.

Evans, H. M.

Mozley, J. B.

Butts, E. C. Denny. C. W.
Fleming. P. W.

Brunswick, Glynn County.

(;ale, II. W. Isaac. M.
Jackson, R. G.

Montgomery, J. A. & Co. Purcell, ,1*. C.
Wright, J, S.

Byron, Houston County. McDonald, J. E.

Butler, Taylor County. Foy. R. S.

COMPTROLLER-GENERAL'S REPORT.

Harkins, J. C.

Calhoun, Gordon County.

Xeal, J. A.

Stewart'& Newton.

Allen. W. A. Brown. G. G.

Camilla, Mitchell County.

Drake. R. N. G lousier. O. J.

Perry, .T. G.

Carlton, Madison County.

Stephens. A. P.

La them, S. C.

Canton, Cherokee County. Perry. B. F.

Cartersville, Bartow County.

Davis & Strickland. Lyon, T. J.

NorrIs< J. T.

Cairo, Thomas County.

Wight & Brannon.

Adainson, J. R. Brodnax, E. B.

Carrollton, Carroll County.

Council, E. L. Grow. S. B.

Hodnett, W. C. Neely, .Ino. G.

Cedartown, Polk County.

Brown, W. S. Barber & Knight. Fielder & Mundy.

Harris, W. .1. & Co. Morris. .1. M. Ottley & Burbeck.

Philpot, .T. H. Webb, W. A.

Chickamauga, Walker County. Klrkpatrick, .1. T.

Clyde, Bryan County. Harvey. M. W.

Claxton, Tattnall County. ' ippins, R. R.

Conyers, Rochdale County.

Almand II. V. Bakes W. J.

O'Kelly, T. D. McCalla, T. C.

Columbus, Museogee County.

Alexander, J. T.
Bergen, T. H.
Blackburn, A. W. Blackman, .Ino. W. Burtz, E. D. Byrd, W. .T. Carter, J. G. Chappell & Ryder. Chappell, L. H. Colzey, E. F. & J. H Cook D. A. Davis. J. F. Dixon, J. H. Dixon, R. E. Dixon, C. E. Dobbs. M. Dnnson T. S. Edge, ('. J.

Ginn, W. C. Green. 1'. W Harris, E. T.
Harris & Howard. Hampton, W. G. Hawkins. (). P.
Hill J B. Hiott. R. W. Irvin. C. G. Lathom, S. G. I.ott, \V. L. Malone, W. A. Medley, ('. R. Moon. .1. (;.. 15)03. Moon, .1. C. 1904. Morgan, .7. F. Mnllins. B.

Powell, A. A. I'rice. W. C. Rantou, W. R. Robinson, A. D. Ryder, H. Sharpe, J. E. Shell. ('. Smaw W. H. Stone.".!. T. Webster, F. A. Weekly, E. E. Wileox, D. F. & Co. Williams. A. E. Wlmberly, F. M. Wichani. Mrs. V. Williams. G. R. Zelgler A. B.

COMPTROLLER-GENERAL'S REPORT.

Cordele, Dooly County.

Hall, W. F. & Co. Harley, S. B.

Ketcham, R. P.

MoKenzie, W. A.

Cornelia, Habersham County.

Erwln, E. G. & Co.

Pitts, F. M.

Ford, B. A Husoh, II. T.

Covington, Newton County.

Lee, R. Rogers, T. R.

Ward, W. W.

Cusseta, Chattahoochee County.

Chappell & Rider.

Lanier, C. A. McDonald, G.
Browning, G. A. Harrell, D. B.

Cuthbert, Randolph County.

Parham, S. L. Kcid. M.

Sharley -T. E. S.Stanford & Hansell.

Dallon, Whitfield County.
Prnden. W. H. & Co. Thomas, J. L>. Smith, M. I). & H. L. Thomas, J. D.

Dallas, Paulding County.

\

Camp, A. J.

(Ireen, H. H. Danielsville, Madison County.
Tiller, Brach & Co.

Danville, Trviggs County. Stokes, W. G

Dahlonega, Lumpkin County. Gurley, II. D.

Kennan, S.

Darien, Mclntosh County.

Long. II. T.

Tyson, C. M.

Davisboro, Washington County. Ali'rcd. .1. \V.

Harris, .T. W. Hill, L. C. Horsley, J. A.
Flake, W. G.

Damson, Terrell County.

Hovl .1 B.

Loyless, C. B.

Lowrey, M. M.. & Co. Worthy. K. S. & Co.

Loyless. S. A.

Decatur, DeKalb County.

.Morgan, .

Wells, H. G.

Demorest, Habersham County. Morgan. F.

Donaldsonville, Decatur County.

Crawford, W. L.

Thurmond, J. W.

lit

--..--,.-,-,,.,,,,,. ,'.>-, .' .....

COMPTROLLER-GENERAL'S REPORT.

Douglas, Coffee County.

Baker & Marshall. . Marshall. T. B.

Shelton, .1. S.

Candler, M. A

McDowell. M. A.

Tanner. E. L.

Dowd, O. W.

Qulncy & McDonald. Tanner M.

Dauglasville, Douglas County. Roberts & Hutchison,

Dublin, Laurens County.

Adams, ,T. S.

Erwin H. H.

Blackshear & Williams.Lord. S. J.

Blackshear, E. J.

Lord, S. J.

Burney, J. A.

Itoberson, F.

Creswell, J. B.

Sliinholser. T. J. Sturgess, S. W. Thlgpen I. E. Wilkinson. W. H.

Bulloch, E. W. Herman, S. & II.
Dupree, W. D.

Eastman, Dodge County.

Lanier, A. L.

Stine. F. L.

Park, Harper & Co.

East Point, Fulton County. Hemperley, A. R.

Allen, J. C. Davidson, TV. T.
Cheney, J. H.

Eatonton, Putnam County.

De.Tarnett. S. R, Dennis. M. R

Leonard. H. L. Little. W. C.

Ellaville, Schley County.

McCrory, C. R.

Elberton, Elbert County.

Hayes, Z. C.

Lester, E. C.

Hayes, Z. C.

Parks C. H.

Heard Bros. & Black. Rogers, Z. B.

Smith. A. P. Taylor L. II.

Hyatt, Otis.

Ellijay, Gilmer County.

Hyatt, O.

Holden. B. S.

MeCurry, II.

Fairbnrn, Campbell Count//. Proctor, R. L.

Fayetteville, Fayette County.

Dixon, W. N. D.

Hollingsworth, W. B. Spurlin, E.

Cason, .T. B. Harris, J. H. Harris, J. H.
Bowden. J. W. Gamble, T. M. Hill, 1). P.

Fitzgerald, Irtvin County.

Hollis_ L. O.

Smith. \V. L.

McDonald iV: Sea nor. Turner. .1. E.

Prentiss, R. J.

Fluvilla, Butts County. Dozler, AY. B.

Folkston, Charlton County. Hopson, B. B.

Forsytli, Monroe County.

Hill. B. V. Hollis. L. O.
Lewis G. A.

Persons R. T. Wilder.'II. F.

COMPTROLLER-GENERAL'S REPORT.

Fort Gaines, Clay County.

Coachman, .T. H.

Turnipseed, B. M.

Vinson, J. W

McClendon, King & Castello.

Fort Valley, Houston County.

Culpepper, G. B.

Everett. J.

Flowery Branch, Hall County. Rutherford & Toole.

Kickers, S. P. Crow, C. M. Ham, W. C. Kimbrough, E. E.

Gainesville, Hall County.

Lawson. W. B. Mnnday, H. E. Palmer B. T.

Poulaiu, H. Terrell, H. A. Wnelchel B. H.

Gray, Jones County. Green, M. C.

Grantville, Coweta County.

Banks, N. O.

Sewell & Colley.

Greensboro, Greene County.

Brown, J. P. Copelan, E. W.

Hall. W. E.

Held, T. C.

Greenville, Meriwether County.

Anthony, J. C. Baker, B. T.

Tark, .T. W. Pinkston, AY. L.

Phillips, D. O.

Graymont, Emanuel County.

Fair & Durden.
Cornwall, W. Drake, R. H. & Co. Ferguson, Jno. F.

Pierson. B. H.

Griffin, Spalding County.

Gray. Y. S. B. Redman, L. F. Smith, -T. H.

Thaxton, J. W. White, YV". A. Williamson, R. H.

Guyton, Effingham County. Burnett, B.

Hamilton, Harris County.

Chappell & Ragan. Fuller, R. S.

McCullows. L. S. Whitehead. J. O.

Williams, .T. C.

Harlem, Columbia County. Blanchell, L. E.

Harmony Grove, Jackson County.

Carson, J. M.

Little, T. C.

Hartwell, Hart County.

Blackman, .1. B.
Boyd, B. W. Brown, L. C. Brown, O. C.

Hodges, J. H. Hodges, J. H. McCurry, J.

Roberts O. Satterfae d, V. E. Satterheld. E. E.

iiM*

s-s-s

- :

COMPTROLLER-GENERAL'S REPORT.

Burton, N. M.
Brantley, A. Dillard, W. T. Brettou, S. B.

Haslehurst, Appling County. Erwin & iloore.

Hagan, Tattnall County. Gllsson, S. E.

Hawkinsville, Pulashi County.

Etheridge, .T. C. Fountain, A. W.

Parsons, B. P. Ragan, T. B.

Hinesville, Liberty County. Mallard, W. W.
Hogansville, Troup County. Askew, J. T.

Indian Springs, Butts County. Collier, Geo.
Irrvinton, Wilkinson County. Chatfleld, Jno. C.

Isabella, Worth County. Brumby, C. W.

Barton, B. L. Kinnard, S. D.
Mobley, H. T.
Chapman, O. T.

Jaclcson, Butts County.

Thornton, J. D.

Thornton, J. D.

Jefferson, Jackson County. Phillips & Phillips. Richbourg, W. S.

Jeffersonville, Twiggs County.

Glenn. P. E.

Wimberly, H. B.

Jersey, Walton County. McGarity, J. L.

Littlefield, (). P. Price, D. S.

Jesup, Wayne County.

Yeomans, S. L.

Yuger, H. M.

Jonesboro, Clayton County. Jones, C. L.

Clarke, J. L. Gafney & Young

LaGrange, Troup County.

Seay & Harwell. Wisdom, W. \V.

Wisdom, W.

Lawshe, P. P.

Lavonia, Franklin County. Pool, It. T.

Brand, L. M. Collier, Geo.

LawrencevUle, Gtvinnett County.

HiUchins. X. L.

Peeples & Sasser.

COMPTROLLER-GENERAL'S REPORT.

Cloud, J.

Lexington, Oglethorpe County. Stokeley, J. M.
Lithonia, DeKalb County. Nichols, S. S.

Leslie, Sumter County.

Smith. J. W.

Locust Grove, Henry County.

Brown, J. W. & Co

Combs, J. L.

Kilgore, G. M.

Logansville, Walton County.

Shellmutt, E. F.

Fpshaw, J. C.

Dillon, G. R.

Louisville, Jefferson County.

Farmer, L. R.

Phillips & Phillips.

Hickey, E. T.

Lumber City, Telfair County. Day, T. F.
Lumpkin, Stewart County. Mardre, W. L,

Lyons, Tattnall County..

Renfroe, J. L.

Wilkes, .T. C.

Macon, Bibb County.

Adams, C. M. Baldwin. Tno. Butcher, C. Cabanlss, Walker &
Colenian. Cobb & Mallory. Coates, F. B. Cook, Mrs. M. S.
Coan. J. W. Cone," ,T. T. Cummins', A. L. Dlxon, M. E. Drummond, W. T. Edge .7. M.

Farr, .T. M. Harris, H. C, Hardeman & Jones.
Henry A. L. Hipp, O. D. Holland, E. H. Holt. B. F. Home, E. A.
Jewett, G. B. Jones, T. R. Kalar, J. Lowry, T. 8., Jr. McKenna & Hurley. McCoy J. H.

Phillips, A. Plant, R. H. Rogers, 3. JX. Seay, B. Solomon. W. G., Jr. Solomon. W. W. Sorrell, W. J. Thoniason, J. U.
Thrower. O. A. Turpln, G. B. & Sons. Waldeek, R. Wise, B. A. Williams, L.
Toole, J. F.

Maxey's, Oglethorpe County. Wray, S. F.

Douglas, T. M. Foster & Butler. Holmes, C, C.

Maysville, Jackson County. Atkins, T. E.

Madison, Morgan County.

Jones, C. C.

Shaw, H. T.

Lewis, C. A.

Thompson. W. C.

10

COMPTROLLER-GENERAL'S REPORT.

Anderson. J. T. Coryell, H. G.

Marietta, Cobb County.

Morris. F.

Trammell, L. >T.

Baldwin W. P.

Marshallville, Macon County. Murph iS: Austir

Bryan, G. W. Calthey, G. W. Daves. G. D.
Cook & Pharr. McDowell, J. G.

McDonough, Henry County.

Dixon. .1. B.. 1903. Dlxon, .1. B. 1904. Price, .1. R., Jr.

Tarpley J. M. Turner, *B. J. & Co.

Mcllae, Telfair County.

McKae, M. L. Mcllae T. J.

Ryals, E. C.

i.ell M. S.
Petl'inne. W. L. Bland, M. II.

Milledgeville, Baldwin County.

Carreker. C. T. Conns. B. M.
Hall, F. A.

Moore, J. C. McCraw, M. A.

Millen, Sereven County. Parker. J. O.

Maniac, Charlton County.

Parker, J. H.

Aininons, .1. W. Calloway, T. J. Grittin W. II.
Hardy, J. S.

Monroe, Walton County.

Lewis. G. A. Queen, .1. H.

Timmons D F. C. Walker, C.

Monticello, Jasper County.

Hill. H. C.

Hill. R. C.

Heath, L. E. Lewis. C. B.

Montezuma, Macon County.
Lewis. .Ino. F. & Son. Turner, C. McKenzie, .1. W. &
Sons.

Bivins, T. J. Clarke Z. H.
Pall. A. V.
Folsom, ('. "\V. .lannay. S. H. Jarman, T. H. Lastinger, F. L.

Moultrie, Colquitt County.

.lack. P. C. Parker, T. II.

Ward. C. G.

Morgan, Calhoun County. Stewart & Newton.

Myers, Bulloch County. Sanders, .1. W.

Nashville Berrien County.

Peeples. .T. E.

Price J. H.

Peoples. K. A. A- Sons. Walsli. Thos

Powell. .1. W. F.

Williams. S. P.

Newton, Baker County. Pall. A. V.

COMPTROLLER-GENERAL'S REPORT.

.11

Arnold W. G.
Freeman, L. O. Greer, L. C.

Newnan, Corveta County. Moore. R. C.

Oglethorpe, Macon County. '

Pitts. R. O. Pitts', L>. H.

Wadswortli, N. &I.

Ohoopee, Tattnall County. Giles, R. C.

Palmetto, Campbell County. ' Ferguson, W. H.

Penfield, Greene County. Roswell. A. ,T.

I) ako, W. N.

Pelham, Mitchell County. Twitty. W. C.
Preston, Webster County. Stevens. S. R.

Arlington, B. Bauin M.
Collins, E. C.

Quitman, Brooks County.

Brantley, M. A . Davis, j. R.

Groover & Co.

Reidsville, Tattnall County.

McLeod. R. B.

Middlebrooks, F. P.

Reynolds, Taylor County.

Hicks, W. R. & Sons. Hinton, R. A. Richland, Stewart County. Wood ard, L. C.

Roberta, Crawford County. Dennington, J. W. Lowe, E. W.

Roswell, Cobb County. Bush, J. A. Royzlon, Franklin County. Lester. O. T.

Rossville, Walker County. Glover & Grady.

Carpenter. C. E.

T-.

TO u

-TM'R W &Co.

Goetchius/C B

Rome, Floyd County.

King. C. W. & Co. TChi"- T B
Setter? J. W. Montgomery, B. F.

Shaw ED lurnei, <_-. i,
Yancey R P. Yancey & Moore.

Rutledge, Morgan County. Wallace, W. P.

.'-.- ;> SW SWANS'--

12

COMPTROLLER-GENERAL'S REPORT.

Savannah, Chatham County.

Abel, M. T.
Abrams, A. A. Arllne, T. J. Andrews. I. I). Borden, W. V. Borden, W. V. Black J. M. Brook's, ,T. F. Brooks, J. F. Brown. W. P. Coney & Morris.
Cnrran, P. C. Daniel & Carswell. Deacy, J. P. Bearing, W. D.
Dukes, .T. S. Farie, A. L. Folk. D. B. Footman, G. D. Gillespie. N. J. Haines, B. D.

Harrison, W. G. & R. C. Patton, F. M.

Harrison, H. T.

Purvis, H. L.

Herb, G. Z.

Reaves, W. A.

Herman, E. M.

Rogers, S. S.. Jr.

Hinton, W. R,

Rowland & Rowland.

Holland D. .1

Soffold, T. P.

Hopkins* W. T. & Co. Sansev, C

Hunt, W. G.

Schlev, .T.

Hull. R. M.

Schley W. H.

.Tewett, Geo. B.

Sehulhafer. A.

.Tones, J. M.

Schulhaefer, A.

.Tones, N.

Shellman, A. L.

Kolshom, F.

Shepherd, F. B.

LaRoche. J. D.

Smith Geo H.

Lamar, G. W.

Stark," C. M.

Langley, C. G.

Train & Merkle.

Lee, R. E.

Walker, Alex.

Leggett, A. M.

Warrick, R. J.

Mercer & Mercer.

Way, W.

Moses. C. T.

Wiggins L. W.

O'Connor, E. H.

Wilson, W. L. & Co.

Sandersville, Washington County.

Averett & Holmes. Mayo & New Bashinsky & Duggan. Snell. C. W. & Bros Harris, J. J.

Wylly, A. C, Jr. Worthen & Irwin.

Senoia, Coweta County.

Atkinson & Arnall. Sasxer, H. B.

Sasser, J. A.

Siloam, Greene Count//. Mitchell, H. T.

Arthur. T. R.

Shellman, Randolph Count//.

Riley, J. A.

Short L. F.

Hall. D. D.

Smithville, Lee County. McCl'ain, .1. C.

Mobley, M. L.

Social Circle, Walton County.

Newton, J. L.

Newton, J. L.

Edwards, D. P.

Sparks, Berrien County. Hall. II. J.

Springplace, Murray County. Ross. C.

Burnett, J. D. Burnett, W. II.
Brannon, .1. E. Groover, S. C. Lee. J. B.

Sparta, Hancock County.

Burwell, W. A. Shivers iV: Burnell.

Walker, J. D. Wilson, R. C.

Statesboro, Bulloch County.

Sewell, L. H. Sorrier. B. B.

Waters. L. E. Wilson J. W.

COMPTROLLER-GENERAL'S REPORT.

13

Stilesboro, Barton County.

Pa Irish, T. .T.

Jackson, J. W. Summerville, Chattooga County.
Rich, T. W.
Swainsboro, Emanuel County.

Blount, M. H.

Covvart, J. S.

Williams, S. G. & Co.

Sylvania, Screven County.

Arnett, C. G. Aycock E. B.

Bryan, W. M. Thompson, J. W.

White, H. S. Zeig'ler, A. H.

Clower, E.

Sylvester, Worth County. Polhill & Grubbs.

Tate, Pickens County.

Kirby, S.

Stoner, M. D.

Whiteneld. E.

Tallapoosa, Haralson County.

Greely, G. M. Green. M. A.

Greely, G. U. & Co. Moore, A V.

Howe, A. V.

Rambo, S. S.

Talbotton, Talbot County.

Arnall. M. H. Brannon, W. A. Brown. R. B.

Chappell & Ryder. MeGheehee W. N. Persons & McGheehee. Smith, L. W.

Thomasville, Thomas County.

Barrow, D. C.
Bennett, A. Dixon T. E.
Ford, 'H. C. Hausell & Merrell.

Jones. J. M. Mallette, E. M. Mallette, M. R. McLean. K. T.
Morris. P. A.

Parrlsh, J. J. Robinson & Robinson. Reese, W. M. Smith, E. H.

Allen. W. S. Bethel. T. G. Chatfield, R. E.

Thomaston, Vpson County.

Cotton. J. A. Harvey, J. M.

Lester. O. T. Matthews, T.

Callaway. G. L. Curtis & Morris.

Thomson, McDufjie County.

Hunt, C. F. McLean, A. L.

Neal, R. E. Winter, F. A.

Tennille, Washington County.

Lord & Braswell.

Toccoa, Habersham County. Simpson. I). J.

Traders Hill Carlton County. Parker. J. H.

Trenton, Bade County. Jackawa.v W. N.

14

COMPTROLLER-GENERAL'S REPORT.

Carson & Banks. Goodman, J. H.

Tifton, Berrien County.

Morrow & Pate.

Price, J. H.

Turin, Corveta County. .Moses, L. V.

Union Point, Greene County. fcibley, S. H.

Valdosta, Lotvndes County.

Ooley, W.

Peeples, W. D.

Lunar. Bliteli & Co. Kingsburry, S. T.

Peeples. P. A. & Sons. Richardson, B. S.

Small. D. D. Willis, W. C. Wooten, W. R.

Vidalia, Montgomery County. Schumpert, .1. E.

Braswell, B. T.

Villa Rica, Carroll County.

Braswell, Geo. P.

Caudler, W. B.

Alexander W. M. Campbell,'H. W.

Henna, Dooly County.

Cawley, 1>. L. Henderson D. L.

Henderson, I). L Rushin, M. E.

Warrenton, Warren County.

DeBangrine, J. W.

Pattillo, L. II.

Barksdale, R. O.
Dyson, J. R. Fitzpatrick T. M.

Washington, Wilkes County.

Irvin. P. H. l.owe. It. E.

Smith. R. M. Turner, .1. R.

Wadley, Jefferson County.

Chance, R. A. Outlaw. .1. M.

Robertson. J. X.

Stafford, P. A.

Watkinsville, Oconee County. Shields. J. A.

Howard. W. C. Harris, .1. J.

Waycross, Ware County.

Knox. .1. i.oit & Peabody.

McNeeley, W. A. O'Quinn, J. A.

Cohen. I.. Davis, E. T. Fulcher. W M.

JVaynesboro, Burke County.

Geiger, H. .M. Godbee, L. B. Powers. C. W,

Roberts .1. H. Sanford, W. C.

Anderson. T. B. Bryant, \V. E.
Mills, T. J.

West Point, Troup County.

Clarke. J. L. Jackson. A. O.

Maddox. J. H . DeLamar. T. W.

Whigham, Decatur County. Parker V. S.

COMPTROLLER-GENERAL'S REPORT.

15

Winokur, Charlton County. Shields, J. A.

Winder, Jackson County.

Kilgore, J. J.

Quarterman, W. H. Toole, W. H.

Kilgore & Radford.

Woodville, Greene County.

Davidson, J. B.

Wrens, Jefferson County. Agnew,

Blont, L. M. & B. Cook, W. W.
Dominick, G. D. Gwin, 0. R.

Warthen, Washington County. Askew, W. S.

Wrightsville, Johnson County.

Jordan. .1. W. Jordan, J.

Mayson & Mayo.

Zebulon, Pike County.

Miller, .Tuo.

Ridley, G. B.

STATE AGENTS.

Arnall, 0. S. Bagley, H. 0. & Co. Bard well, R. A. Black & Draper.
Byck, M. L. Cameron, J. S. & Co.
Clark, J. C. Cofield, 0. Cumming, A. L. Dreger & Doughty.
Dunlap, E. Dunlap. J. T. Foreman, R. L. & Co.
Golden, E. Z. T. Haas & Daniel.

Haas & Son. Haas, J. &Co. Harty & Apple. Hawkins, W. E.
Hope, G. M. Hudgins, B. B. Hunt, 0. A. Lester, E. C. Lumpkin, & Farley.
McAfee, A. N. McCord, M. J. McGehee, C. C, Jr. Millarky, A. P. H. Hilledge & Baxter,
Nutting, J. R. & Co.

Northcutt & Uoggins. Objrdorfer, E.
Phillips, C. W. Pickett, Jno.'D. Porter, B. H. Riley, J. L. & Co. Rhodes, P. R. Stanton, V. L.
Terrell, W. A. Thornton, J. ft. Thrower, T. E. Tomlinson & Brown
Watkins, B. D.
Ward, W. W. Woodruff, F. L.
$ 9,830 00

983 Local agents

2,250 00

45 State agents Tax of one agent sent sent by T. C. Bryan Co,

9 00

Total

12,089 00

COMPTROLLER-GENERAL'S REPORT.

17

.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

(a) Amount of ledger assets (as per bal-

ance), December 31, of previous year $ 11,682,250 58

Extended at

f 11,682,250 58

II.--INCOME.

As shown by the books at home office at the close of business December

31, 1903. 1. Gross premiums

_F.ire-

M,, ari. ne and Inland.

$ 6,980,813 05 $ 438,055 80

2. Deduct reinsurance, rebate,

abatement and return pre-

miums

1,851,212 24

109,817 72

3. Total premiums (other than

perpetuals)

5,109,630 81 328,238 08 $.5,437,868 89

4. Deposit premiums written on perpetual risks (gross)

4,500 00

5. Interest on mortgage loans

$

636 00

7. Interest on bonds and dividends on stocks 5S5.010 32

9. Gross rents from company's property

992 17

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

586,638 49 831 14
1,412 59

13. Total income

* 6,031,251 11

III.--DISBURSEMENTS.

As shown by the books at home offics at the close of business December

31, 1903.
1. Gross amount paid for losses (including $491,850.78 occurring in previous years) .$

Fire. 3,009,30173

Marine and Inland.
$275,930 43

2. Deduct amount received for
salvage, $28,208.35; and for reinsurance in other companies, $571,466.27....

529,159 21

70,515 41

3. Net amount paid for losses . . 2,480,142 52 205,415 02 $ 2,685,557 54

4. Deposit premiums returned

l >992 Oo

5 Paid stockholders for interest or dividends (amount de-

clared during the year, including taxes, $110,000.00)... 670,000 00

2 in

, ,,> ,: .

18

COMPTROLLER-GENERAL'S REPORT.

S. Commissions or brokerage 9. Salaries, fees and all other charges of officers, $43,916.59 ;
clerks, $76,374.43: agents and other employees, $217,5^5.60 11. Repairs and expenses (other than taxes) on real estate, $210.60; advertising, printing and stationery, $43,3)3.48; legal expenses, $4,861.21; furniture and fixtures, $874.83 ; miscellaneous, $321,808.87 12. Taxes on premiums 13. All other taxes, licenses and insurance department fees, $16,433.18; municipal licenses, $8,517.86 ; tax on franchise, $396.09 14. Loss on sale or maturity of ledger assets 15. All other disbursements viz.: Agents uncollectible balances, and sundry profit and loss items

913,470 42
337,886 62
374,108 99 100,173 68
25,347 13 47,927 40 8,684 39

16. Total disbursements

$ 5,165,148 22

IV --LEDGER ASSETS.

Book value of real estate, unincumbered . .$ 277,249 39

Mortgage loans on real estate, first liens.. .

12,600 00

Book value of bonds, excluding interest,

$7,439,233.01; and stocks, $3,567,019.00. . 11,006,252 01

Cash in company's office, $972.12 ; deposited

in bank, $1,206,096.50

1,207,068 62

Agents' debit balances representing busi-

ness written subsequent to October 1,1993 479,3S3 33

Agents' debit balances representing busi-

ness written prior to October 1, 1903

18,013 58

Total

$ 13,000,566 93

Deduct ledger liabilities, viz : Agents'

et al. credit balances

452,213 46

11. Total net ledger assets
NON-LEDGER ASSETS.
12. Interest due and accrued on mortgages. . . .$ 15. Interest due and accrued on other assets . .'

12,548,353 47
192 66 437 50

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

630 16 2,126,770 96
630,396 53

21. Gross assets

15,306,151 12

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business

written prior to October 1, 1903

$ 18,013 58

7. D?preciation from book value of ledger as-

sets to bring same to market value, viz :

Real estate

97,249 39



115,262 97

9. Total admitted assets

$ 15,190,888 15

.w,,.v..v,,.,""; ^ _j

COMPTROLLER-GENERAL'S REPORT.

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 re-

ported and supposed losses

3. Gross claims for losses resisted

4. Total 5. Deduct reinsurance due or accrued

123,918 35
572,413 05 25,839 00 722,170 40 125,682 16

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, $3,363,083.65 ; unearned premiums (fifty per cent.) ....$
8. Gross premiums (less reinsurance) received and receivable upon all unexpired fire risks, running more than one year from date of policy, $4,579,299.44; unearned premiums (pro rata)
9. Gross premiums (less reinsurance) (cash and bills) received and receivable upon all unexpired inland navigation risks, $180,340.99; unearned premiums (fifty
per cent.

* 1,681,541 83 2,426,341 73
90,170 49

12. Total unearned premiums as computed above

13. Amount reolaimable by the insured on perpetual fire insurance policies, being 95 per cent, of the premium or

deposit received

2). Commission--, brokerage and other charges due or to be-

come due to agents and brokers

..

21. Return premiums and reinsurance premiums

596,488 24
4 ,198,054 05 83,419 55 94,559 47 157,599 13

"4 Total amount of all liabilities except capital

5,130,150 44

25. Capital actually paid up in cash

$ 4,000,000 00

2266.. SSuurroplluuss oovveerr all liabilities 27. Surplus as regards policy-holders

6,060,73* i\ . 10,060,737 71

28. Total liabilities

.$ 15,190,888 15

Business in the State of Georgia during the Year.

Fire Risks.

Marine and InlandRisks.

Tornado Ki*ks.

Gross risks written. .$9,845,309 00 $12,650 00 $1,151,527 00

Gross prems. reed. .. 164,275 71

Losses paid

75,492 18

Losses incurred

65,539 23

Amount at risk

8,297,311 00

221 81 ....

10,295 00 2 80 2 80
1,158,350 00

Aggregate.
$11 ,209,486 00 174,792 52 75,494 98 65,542 03
9 ,455,661 00

\J+

>g#w>-

20

COMPTROLLER-GENERAL'S REPORT.

AGRICULTURAL FIRE INSURANCE COMPANY, OF WATERTOWN NEW YORK.

A. H. SAWYER, President.

W. H. STEVENS, Secretary.

Principal Office, 23 Washington Street.

CLIFF C. HATCHER, 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 00 500,000 00

II.--ASSETS.

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

the amount of incumbrances thereon)

$

2. Loans on bond and m >rtgage (duly recorded and being first

liens on the fee simple)

3. Jnterestdueonallsaid bonds and mortgage loans, $2,393.79;

interest accrued thereon, $9,871.78; total

4. Value of lands mortgaged, exclusive of build-

ings and perishable improvements

$ 671,713 00

5. Value of buildings mortgaged (insured for

$500,325 as collateral)

529,099 00

306,275 00 573,288 73
12,265 57

6. Total value of said mortgaged premises

(carried inside)

I 1,200,812 00

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

absolutely by the company.

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

securities (except mortgages)

12. Cash in company's principal office

$ 5,951 39

13. Cash belonging to the company deposited in

bank: National Union, $51,984.94; Jeffer-

son County National, $40,122.14; Water-

town National, $21,310.32; National Bank

& Loan Co., $19,920.98; total

133,338 38

941,514 75 443,211 64

Total cash items 15. Interest due and accrued on stocks and bonds not included
in " market value " uneollected 16. Interest due and accrued on collateral loans and bank
balances and uneollected 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, Security,Conn.; American Fire, Pa.; ^Etna,Conn.; Hanover Fire, N. Y.; Potomac, D. C.; Caledonian, Scotland ; Hamilton Fire, N. Y.; United States Fire, N. Y.; American, N. J.; Phenix, N. Y.; Pennsylvania Fire

13J,2<S9 77 8,834 58 8,765 99
234,098 89
1,010 29

Total assets of the company, actual cash market

value

$ 2,668,555 21

COMPTROLLER-GENERAL'S REPORT.

21

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

26,909 59
63,003 18 15,632 00

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

110,609 77 8,466 68

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,913,625 ; unearned pre-

miums (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, $1,613,809 ; un-

earned premiums (pro rata)

I 456,812 50 840,820 06

102,143 09

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 on uncollected premiums, $50,799.46; unpaid reinsurance, $,6,383.52

1,297,632 56 57.1S2 98

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

1,456,958 63 500,000 00 711,596 58

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

* 2,668,555 21

jV.--INCOME DURING THE YEAK. On F.re Risks.
1. Gro=s premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 208,025 14

3. Net collected

208,025 14

4. Gross premiums on risks written and re-

newed during the year

1,788,648 26

5. Total

"1796,673 40

6. Deduct premiums and bills in course of col-

lection at this date

234,098 89

7. Entire premiums collected during the year. 1,762,574 51 8. Deduct reinsurance and return premiums.. 552,031 03

9. Net cash actually received for premiums (carried out) . $ 1,210,543 48

22

COMPTROLLER-GENERAL'S REPORT.

10. Received for interest on bonds and uortgages 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

29,830 17 63,231 06-
4,312 -11

15. Aggregate amount of income actually received during the

year in cash

$ 1,312,917 12

V.--EXPENDITURES DURING THE YEAR.

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

cluding $98,711.49,losses occurring in pre-

vious years)

$ 715,265 07

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $11,598.75, and all

amounts actually received for reinsur-

ances in other companies, $131,582.35;

total deductions

143,181 10

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,exchange and maps

572,038 97 50,000 00
264,047 67 86,758 65 49,190 98
93,051 83

Aggregate amount of actual expenditures during

the year in cash

$ 1,115,133 10

Business in the State of Georgia during the Year.

Risks written Premiums received (gross) Losses paid Losses incurred

Fire Risks. $ 1,662,200 00
24 565 77 5)2se 51 5 jjgg JQ

COMPTROLLER-GENERAL'S REPORT.

23

AMERICAN CENTRAL FIRE INSURANCE COMPANY, ST. LOUIS, MO.

GEOBGE T. CKAM, President.

JOHN H. ADAMS, Secretary.

Principal office, 4!5 Locust street.

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

$ 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)

$

4. Value of lands mortgaged, exclusive of buildings and perishable improvements$ 12,800 00

5. Value of buildings mortgaged (insured for $17,100 as collateral)

14,900 00

0,500 00

6. Total value of said mortgaged premises (car-

ried inside)

* 27,700 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

$ 3,997 23

13. Cash belonging to the company deposited

in bank: National Bank of Commerce,

St. Louis, $151,183 82; Third National

Bank, St. Louis, $5,743.02 ; National Bank

of Commerce, New York, $7,720.97 ; First

National Bank, Las Vegas, N. M., $10,-

000.00; total

$ 174,647 81

2,969,615 00 421,500 00

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

178,645 04 238,468 44

Total assets of the company, actual cash market

value

* 3,817,728 48

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

32,934 79
1*0,985 10 11,198 lo

4. Total gross amount of claims for losses.. . 185,118 04

5. Deduct reinsurance thereon

^ 23,202 30

6. Net amount of unpaid losses

* 161,915

p

24

COMPTROLLER-GENERAL'S REPORT.

7. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running one year or less

from date of policy ,$1,290,993.90; unearned

premiums (fifty per cent.)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one'

year from date of policy, $1,499,928.78;

unearned premiums (pro rata)

645,496 95 724,947 67

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: Commission due agents

1,370,444 62 35,770 26

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

1,568,130 62 1,000,000 00 1,249,597 86

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

* 3,817,728 48

IV.--INCOME DURING THE YEAR.

On Fire Kisks.
1. Gross premiums and .bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 196,063 36

3. Net collected

196,063 36

4. Gross premiums on risks written and re-

newed during the year

2,495,727 97

5- Total

2,691,79133

6. Deduct premiums and bills in course of col-

lection at this date

238,468 44

7. Entire premiums collected during the year 2,453,322 89 8. Deduct reinsurance and return premiums. 634,508 30

9. Net cash actually received for premiums (carried out). .$ 1,818,814 59

10. Received for interest on bonds and mortgages

3,191 73

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

collateral loans, and from all other sources

146,237 84

15. Aggregate amount of income actually received during the

year in cash

$ , )968)244 16

COMPTROLLER-GENERAL'S REPORT.

25

V.--EXPENDITURES DURING THE YEAR.

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

cluding $104,483.47) losses occurring in

previous years

919,935 81

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous year), $7,365.79, and all

amounts actually received for reinsu-

rances in other companies, $95,045.67; total deductions

102,411 46

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). . .". 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, $5,000;
advertizing, $1,036.83 ; general expenses, $185,119.05 ...

817,524 35 130,000 00 351,614 06 99,230 80
41,609 29 191,155 88

Aggregate amount of actual expenditures during

the year in cash

$ 1,631,134 38

Business in the State of Georgia during the Yi
Risks written Premiums received (gross) Losses paid Losses incurred

Fire Risks. 1,291,547 00
24,589 42 6,390 76 6,521 68

ATLAS ASSURANCE COMPANY (LIMITED) OF LONDON.
J. M. NEIBURGER, U. S. Manager, 315 Dearborn St., Chicago, 111. J. H. RAIXE, Atlanta, Attorney for Service in Georgia.

II.--ASSETS.

9 Total book value of stocks and bonds owned absolutely

,by itVh. e company

_

.$*

12. Cash in company's principal office

$

M'1 ly

13. Cash belonging to company deposited in

bank



78.M0 97

1.075,148 75

Total cash items

17. Cash in hands of agents and in course of

transmission

*

122,918 07

78>162 16

26

COMPTROLLER-GENERAL'S REPORT.

18. All other assets, both real and personal,viz.:
Due from Kings County Fire Insurance Company

6,916 51

Depreciation from book value of ledger as-
sets to bring same to market value, viz.:
Bonds, $15,116.25; National Bank of Illinois, $693.21

1,283,1-15 49 15,809 46

Total

Interest due and accrued on bonds and stocks

1 ,-267,336 03 12,258 31

Total assets of thecompany, actual cash market value $ 1,279,594 34

III. -- LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspension, 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

7. Gross premiums without any deduction,

received and receivable upon all unex-

pired Are risks running one year or less

from dateo- policy $708,597.72; unearned

premiums (fifty per cent.)

$

8. Gross premiums without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

yearfromdate of policy $540,935.78; un-

earned premiums (pro rata)

6,285 38 63,950 61 3,549 07 73 785 06 5,805 01
jf
354,298 85
279,108 78

67,980 05

11. Total unearned premiumsas computed above (carried out) 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and con-
tested, viz : Reinsurance premiums

633,407 63 4,613 01

20. Total amount of all liabilities except capital stock, scrip, and net surpl is
21. Joint stock capital actually paid up in cash, deposit with i New York
23. Surplus beyond capital and all other liabilities

706,000 69
200,000 00 373,593 65

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 1.279,594 34

COMPTROLLER-GENERAL'S REPORT.

27"

IV.--INCOME DURING THE YEAR.

Amount of ledger assets (as per balance)

December 31 of previous year

$

Less commissions on preniums in course of

collection December 31, 1902

1,237,050 78 29,401 79

Total
4. Gross premiums on risks written and renewed during the year
8. Deduct reinsurance and return premiums..

1,207,648 99 On F-re Risks.
1,189,420 08 299,574 14

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.. . Profits on sale or maturity of ledger assets 14. Amount of remittances from home offices during the year

889,845 94
28,565 39
774 89 14000 00 56,829 27

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

990,015 49

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (including $87,010.86), losses occurring in

previous years

$ 561,969 83

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous year), $6,524.15 and all

amounts actually received for reinsur-

ance in other companies, $28,409.57 ; total

deductions

34,933 72

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

States 9. All other payments and expenditures, viz.: Rents, fire

department, local board, advertising, postage and tele-

grams, traveling, maps, agents' charges, auditors' office

charges, etc 10. Amount sent to home offices during the year

527,036 11 191,234 67 55,162 00 22,832 50
66,538 47 51,715 24

Aggregate amount of actual expenditures during

the year in cash

$ 914,518 99

28

COMPTROLLER-GENERAL'S REPORT.

ATLANTA-BIRMINGHAM FIRE INSURANCE COMPANY OF BIRMINGHAM, ALA.

J. T DAROAN, President.

L. C. FLETCHER, Secretary.

Principal Office, Empire Building, Atlanta, Ga.

V. M. BUTT, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.

1. Whole amount of capital stock

2. Amount paid up in cash

$

$ 162,294 00

500,000 00

II.--ASSETS.

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

first liens on the fee simple)

if

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

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements.$ 5. Value of buildings mortgaged (insured for

21,950 00

$26,400 as collateral)

37,150 00

16,740 90 650 59

6. Total value of said mortgaged premises

(carried inside)

59,100 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

$ 2,120 04

13. Cash belonging to the company deposited

in bank

73,157 09

250,460 00 9,944 50

Total cash items 15. Interest due and accrued on bonds 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.: Accrued interest on bank deposits
Various non-admitted assets

75,277 13
757 36
262 30 36,308 03
205 70 27,397 41

Total assets of the company, actual cash market

value

$ 418,009 92

III.--LIABILITIES.

2 Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

5. Deduct reinsurance thereon

5,861 00 1,250 00

6. Net amount of unpaid losses

$

4,611 00

COMPTROLLER-GENERAL'S REPORT.

2*

Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $ 126,392.26; unearned

premiums (fifty per cent.)

$

8. Gross premium*, without any deduction, received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $32,340.86, un-

earned premiums (pro rata)

63,196 13 21,414 37

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

Aggregate amount of all liabilities, including cap-

, ital paid up and net surplus

$

IV.--INCOME DURING THE YEAR.

0;i Fire Risks.

4. Gross premiums on risks written and re-

newed during the year

$ 230,180 65

6. Deduct difference--full and pro rata pre-

mium--Southern Mutual Accident

11,072 78

7. Entire premiums collected during the year 219,107 87 8. Deduct reinsurance and return premiums. . 58,769 90

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: Reinsurance
commissions

15. Aggregate amount of income actually received during the

year in cash

$

v.--EXPENDITURES DURING THE YEAROn Fire Bisks.

1. Gross amount actually paid for losses (in-

cluding $

losses occurring in pre-

vious years)

"

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

15,666 57 1,330 57

3. Net amount paid during the year for losses

$

84,610 5089,221 50 162,294 00139,097 01 390,612 51
160,337 97 992 50
4,829 00 9,495 77 175,655 24
14,336 00-

.30

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.: Interest ac-
count $3,995.20 ; miscellaneous account--postage, exchange, printing, etc., $6,!'75.88 Rents

Aggregate amount of actual expenditures during

the year in cash

$

36,891 87 21,328 41 4,184 00
10,971 08 879 12
88,590 48

Business in the State of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fire RUks.
1,249,818 66 21,051 93 5,020 00 5,'020 00

ATLANTA HOME FIRE INSURANCE CO. OF ATLANTA, GA.

ROBERT J. LOWRY, President.

JOEL HURT, Secretary,

Principal Office, 223 Equitable Building.

I.--CAPITAL.

1. Whole amount of capital stock

if

2. Amount paid up in cash

$

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

II.--ASSETS.

i. 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 such bond and mortgage loans, $....;

Interest accrued thereon

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements^

600 00

5. Value of buildings mortgaged

400 00

60,853 06 125 00 92

6. Total value of said mortgaged premises

(carried inside)

$ 1,000 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

$

925 33

13. Cash belonging to the company deposited

in bank

13,50145

217,267 50

Total cash items

14,426 78

COMPTROLLER-GENERAL'S REPORT.

31

15. Interest due and accrued on stocks not included in " market valu<^ " uncollected
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

$

III.--LIABILITIES.

(fross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$

Losses resisted, including interest, costs and

other expenses thereon

'.

55 55 1,410 00

Total gross amount of claims for losses. Deduct reinsurance thereon

1,465 55 1 56

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, 141,896.56; unearned pre-

miums (fifty per cent.)

$

Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $47,566.44; un-

earned premiums (pro rata)

20,948 28 24,069 19

11 Total unearned premiums as computed above (carried out)

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

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$

IV.-- INCOME DURING THE YEAR.
On Fire Ri^k?. Gross premiums and bills in course of col-
lection at close of last previous year. . . $ 14,077 77

Net collected Gross premiums on risks written and re-
newed during the year

14,077 77 77,938 75

Total Deduct premiums and bills in course of col
lection at this date

92,016 52 18,409 60

224 33 18,409 60
118 33 3,500 00 314,925 52
1,463 99
45,017 47 46,481 46 200,000 00 68,444 06 314,925 52

32

COMPTROLLER-GENERAL'S REPORT.

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

73,600 92 20,958 43

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 in-
crease, if any, in value of securities, viz.: Rents ...... Profit and loss items

15. Aggregate amount of income actually received during

the year in cash

$

52,648 49 5,361 35 4,978 29 658 85
63,646 98

V.--EXPENDITURES DURING THE YEAR.

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

cluding $16,120, losses occurring in pre-

vious years)

$ 30,058 99

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous years), $501.38; and all

amounts actually received for reinsu-

rance in other companies, $5,921.41, total

deductions ..

6,222 79

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)

6. Paid for commissions or brokerage

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

clerks, agents, and all other employees

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

States

9. All other payments and expenditures, viz : General ex-

penditures, $3,902.66; postage, $280.46; express, $84.36;

stationery, $55.80; advertising, $497.70; telegrams,

$35.19 ; real estate expense, $1,049.39: exchange, $43.37 ;

loss expense, $655.86

Aggregate amount of actual expenditures during

the year in cash

$

23,836 20 10,000 00 10,002 42 6,422 96 3,163 97
6,404 79 59,835 34

Business in the State of Georgia during the Year.
Risks written Premiums received (gross) Losses paid Losses incurred

Fire Risks. 2,638,897 00
43,979 15 13,870 92 13,925 92

COMPTROLLER-GENERAL'S REPORT.

33

BRITISH AMERICA ASSURANCE COMPANY OF TORONTO.

HON. GEORGE A. Cox, President.

P- H. SIMS, Secretary.

Principal Office, 18, 20 and 22 Front Street, East, Toronto.

GEOKGE J. DEXTER, 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. $ 1,040,916 19

13. Cash belonging to the company, deposited in Canadian

Bank of Commerce, N. Y



15. Interest due and accrued on stocks not included in

"market value" uncollected

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

169,720 71
11,833 20 269,393 58

Total assets of the company, actual cash market

value

* 1,491,863 68

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

29,288 31
63>118 72 8'379 **

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 $929,256.36; unearned pre-

miums (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, $650,854.44 ; un-

earned premiums (pro rata)



9. Gross premiums, without any deduction

(including both cash and bills) received

and receivable upon all unexpired inland navigation and marine risks, $47,347.00. .

Time hulls, $34,515.98

10. Gross premiums, without any deduction,

received and receivable on all unexpired

marine riski s,,

.

$
464,628 18
343,24/ 02 23,673 50 17'257 "
965 08

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

100,786 14
849,771 77 ^^ ^ !

3 In

34

COMPTROLLER-GENERAL'S REPORT.

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

and net surplus

$ 1,015,116 70

23. Surplus beyond capital and all other liabilities

476,746 98

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 1,491,863 68

-INCOME DURING THE YEAR.

On Fire Risks.
Gross premiums and bills in

On Marine and Inland Risks.

course of collection at close

of last previous year, as

shown by that year's state-

ment

$ 245,622 68 36,044 52

Net collected Gross premiums on risks
written and renewed during the year

245,622 68 1,653,294 44

36,044 52 322,758 06

Total Deduct premiums and bills
in course of collection at
this date

1,898,917 12 234,954 89

353,802 58 34,438 69

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

1,663,962 23 402,746 90

324,363 89 62,921 92

9. Net cash actually received for

premiums (carried out). . . . 1,261,215 33 261,441 97 $ 1,522,657 30 11. Received for interests and dividends on stocks and bonds,

collateral loans, and from all other sources

37 353 i(>

15. Aggregate amount of income actually received during

the year in cash

1,560,010 46

V.--EXPENDITURES' DURING THE YEAR.

On Fire Risks
Gross amount actually paid

On Marine and Inland Risks.

for losses (including $112,-

681.89) losses occurring in

previous years

.$ 710,707 74 $ 294,817 49

Deduct all amounts actually

received for salvages,

(whether on losses of the

last or of previous year),

$12,715.71 and all amounts

actually received for rein-

surances in other com-

panies, $121,763.73; total

deductions

63,244 61 71,23483

COMPTROLLER-GENERAL'S REPORT.

35

3. Net amount paid during the

year for losses

647,463 13 223,582 66

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

$ 871,045 79 282,346 86
64,760 4i 42,181 25 111,038 31

Aggregate amount of actual expenditures during

the year in cash

$ 1,371,372 62

Business in the State of Georgia during the Year.

FiiirreeKRisisJktss.

IM nlaanridneEainskds.

Aggregate.

Risks written Premiums received (gross) Losses paid Losses incurred

$1,567,222 00 27,618 25 12,549 08 8,399 65

$72,385 00 192 71

! 1,639,607 00 27,810 96 12,549 08 8,399 65

CALEDONIAN FIRE INSURANCE COMPANY, EDINBURGH, SCOTLAND.

CHAS. H. POST, U. S. Manager.

N. A. MCNEIL, Asst. Manager.

Principal office in U. S., 50 and 52 Pine street, New York City.

CHAS. S. MATHEWS, Atlanta, Attorney for service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock

2. Amount paid up in cash

$

$ 5,000,000 00 537,500 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 13. Cash belonging to the company deposited in bank: Ameri-

can Exchange National Bank N. Y., trustees account, $115,779.12; Manager's account, $126.44; Manhattan Trust Co., N. Y., trustees account, $50,000.00; Union Trust Co., N. Y., trustees account, $20,000.00 ; Bank of British North America, San Francisco, $1,033.16; total. 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,
$623.64 ; due from other companies, $3,908.61

433,187 16 967,800 00
458 10
186,938 72 128,625 80
367 93 4,532J25

Total assets of the company, actual cash market

value

$ 1,734,353 51

36

COMPTROLLER-GENERAL'S REPORT.

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

51,611 48
62,240 55 6,421 56

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

122,303 59 7,041 93

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, $770,801.31; unearned pre-

miums (fifty per cent.)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy, $874,991.22; un-

earned premiums (pro rata)

;

$

385,400 65

462,446 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

contested, viz.: Reinsurance, $19,613.58; contingent,

$10,000 ; total

115,261 66
847,846 84 29,613 58

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

and net surplus

$

23. Surplus beyond capital and all other liabilities

992,722 08 741,631 43

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,734,353 51

IV.--INCOME DURING THE YEAR.

On Fire Risks. 4. Gross premiums on risks written and re-

newed during the year

$ 1,476,897 37

8. Deduct reinsurance and return premiums. 411,526 23

9. Net cash actually received for premiums (carried out).. $ 1,065,371 14

11. Received for interests or dividends on stocks and bonds

collateral loans, and from all other sources

36,727 00

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

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

22,666 25

15. Aggregate amount of income actually received during

the year in cash

$ 1,124,764 39

COMPTROLLER-GENERAL'S REPORT.

37

V.--EXPENDITURES DURING THE TEAR.

On Fire Risks.

Gross amount actually paid for losses (in-

cluding $101,464.00, losses occurring in

previous years)

$ 642,663 14

Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $4,628.73, and all

amounts actually received for reinsur-

ance in other companies, $87,574.45 ; total

deductions

92,203 18

Net amount paid during the year for losses

.$

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.: Rents, $7,517.16; traveling, stationery, postages, etc., $49,333.94.

10. Amount sent to home offices during the year $65,676.58.

Aggregate amount of actual expenditures during

the year in cash

$

550,459 96 246,389 35
82,312 05 25,30066 56,851 10
961,313 12

CITIZENS FIRE INSURANCE COMPANY OF MISSOURI.

SOL. E. WAGGONER, President.

JOHN H. CARR, Secretary.

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

JOHN A. PERDUE, 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

$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

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 .$ 316,000 00

5. Value of buildings mortgaged (insured for

$214,950 as collateral)

255,000 00

4,877 00 241,070 00
3>300 00

6. Total value of said mortgaged premises

(carried inside)

571,000 00

M

38

COMPTROLLER-GENERAL'S REPORT.

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

by the company carried out at market value

. .$

12. Cash in company's principal office

$

61 45

13. Cash belonging to company deposited in

bank; Merchants' Laclede National, $58,-

516.22; Third National Bank, $22,724.25;

Wells-Fargo, San Francisco; $1,411.38;

Lowry National, Atlanta, Ga., $8,502.35;

total

91,154 20

Total cash items 15. Interest due and accrued on bonds not included in
"market value" uncollected 17. Cash in hands of agents and in course of transmission,
gross, $165,514.50; deduct cost, $29,110.94

Total assets of the company, actual cash market

value '.

$

253,140 00
91,215 65 2,416 00
136,403 56 732,422 21

[II.--LIABILITIES.

1. Losses adjusted and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

:!. Losses resisted, including interest, cost and

other expenses thereon

16,310 03
134,563 54 9,469 27

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

160,342 84 118,290 58

6. Net amount of unpaid losses

7. (iross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $350,473; unearned

premiums (fifty percent.)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $226,146; un-

earned premiums (pro rata)

$ 175,236 50 131,586 42

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

$

42,052 26
306,822 92 348,875 18 200,000 00 183,547 03 732,422 21

COMPTROLLER-GENERAL'S REPORT.

39

IV.--INCOME DURING THE YEAH.

On Fire Risks. 1. Gross premiums and bills in

On Marine and Inland Risks.

course of collection at

close of last previous year,

as shown by that year's

statement

'.

$ 129,300 82

$ 53 04

Deduct amount of same not

collected

434 68

Net collected Gross premiums on risks
written and renewed during the year

128,866 14 2,116,108 29

58 04 517 19

Total Deduct premiums and bills
in course of collection at thisdate

2,244,974 43 165,46971

575 23 4479

Entire premiums collected during the year
Deduct reinsurance and return premiums

2,079,504 72 1,664,754 22

530 44 062 03

Net cash actually received for premiums (carried out) 414,750 50

168 41

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.: From stock-

holders 13. Received for calls on capital

15. Aggregate amount of income actually received during

the year in cash

$

414,918 91 10,774 14 10,390 00
50,000 00 486,083 05
972,166 10

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

Gross amount actually paid for losses (in-

cluding $119,909.86) losses occurring in

previous years

$ 889,374 04

2. Deduct all amounts actually received for salvages (whether on losses of the last

or of previous years), $6,074.68; and all

amounts actually received for reinsur-

ances in other companies, $656,094.50:

total deductions

662,169 18

Net amount paid during the year for losses

$

Paid for commissions or brokerage

227,204 86 84,443 94

40

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.: Printing and

stationery, $2,101.12; rent, $2,046.01; furniture and fix-

tures, $333.17; legal expenses, $234.53; real estate

taxes, $12-70; repairs and expenses on real estate,

$10.50; miscellaneous, $31,470.19

34,563 37 15,710 31
36,298 22

Aggregate amount of actual expenditures during

the year in cash

$ 398,220 70

Business in the State of Georgia during the Year.

Risks written Premiums received (gross) Losses paid Losses incurred

On Fire Risks.
$1,581,049 00 28,803 45 12,588 25 11,539 25

COMMERCIAL UNION ASSURANCE COMPANY (LIMITED), OF LONDON, ENGLAND.

A. H. WRAY, Manager. Principal Office, Corner Pine and William Streets, New York.
JACOB HAAS, 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

4. Value of lands mortgaged,exclusiveof build-

ings and perishable improvements

$ 69,000 00

5. Value of buildings mortgaged (insured for

$115,800 as collateral)

147,000 00

888,148 69 112,000 00
1,627 50

6. Total value of said mortgaged premises (car-

ried inside)

216,000 00

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

absolutely by the company carried out at market value.

2,218,693 75

COMPTROLLER-GENERAL'S REPORT.

41

12. Cash in company's principal office

$ 10,496 74

13 Cash belonging to the company deposited in bank: Morton Trust Co., New York, $151,057.37; Manhattan Trust Co., New York, 100,000; National Bank of Commerce, New York, $153,482.59; American Exchange National Bank, New York, $15,880.26; Anglo-Californian Bank, San Francisco, $21,394.33; First National Bank,

Denver, Col., $213.17 ; total

L_'Zi__

Tota,l cash^.i,tems

;

$

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

ket value " uncollected

;

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

18. Bills receivable, not matured, taken for fire, mar.ne and

inland risks

x, 1 q

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

and accrued, $8,654.23; due from other companies for

reinsurance on losses already paid, $1,853 79; due from Palatine, of Manchester, $4,500 (since paid)

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

.*

3. Losses resisted, including interest, costs and

other expenses thereon

^ ^ ___

4. Total gross amount of claims for losses .. . 380,860 38

5. Deduct reinsurance thereon

'

6 Net amount of unpaid losses

. $

7 Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $2,270,367.94; unearned

premiums (fifty per cent.)

* ltl,W

8 Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired fire risks running more than one year from

ddaattee oofi pnoonliocyv,, i$P2,,181,190.84; unearned 1,124,465 56

premiums (pro rata)

'

9 (iross premiums, without any deduction (in-

cluding both cash and bills), received and receivable upon all unexpired inland navigation and marine risks, $63,949.60; un-

^ ^ ^

earned premiums

452,524 46 ^^ ^
soa'ww 88 598,50.
^ ^
^JUO
m gj
352,865 82

42

COMPTROLLER-GENERAL'S REPORT.

10. Gross premiums, without any deduction, received and receivable upon all unexpired marine risks

42,231 76

11. Total unearned premiums as computed above (carried out)$ 2,333,856 09 12. Net premiums reserve and all other liabilities, except cap-

ital under the life insurance or any other special de-

partment (perpetual) 19. All other demands against the company, absolute and

105,538 14

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

tested, viz.: Commissions and brokerage, $63,017.14;

return premiums, $12,285.92; reinsurance premiums, $34,339.93

109,642 99

20. Total amount of all liabilities, except capital stock, scrip and net surplus
23. Surplus beyond capital and all other liabilities

2,901,903 04 1,392,848 87

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

<j

IV.--INCOME DUHING 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

$ 627,859 13$ 6,592 68

3. Net collected

627,859 13

4. Gross premiums on risks writ-

ten and renewed during the

year

4,031,730 15

5- Total

4,659,589 8

6. Deduct premiums and bills in

course of collection at this

dat

583,563 38

6,592 68
255,800 60 262,393 28
27,133 81

7. Entire premiums collected dur-

the year

4,076,025 90

8. Deduct reinsurance and return

premiums

1,211,324 37

235,259 47 52,222 69

9. Net cash actually received for

premiums (carried out). ... 2,864.701 53 183,036 78 $ 3,047,738 31

10. Received lor interest on bonds and mortgages

7,697 73

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,

68,454 7S

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

56,979 69

15. Aggregate amount of income actually received during the

year in cash

3,180,870 51

COMPTROLLER-GENERAL'S REPORT.

43

V.--EXPENDITURES DURING THE YEAR.

On Marine and On Fire Risks, inland Risus.

1. Gross amount actually paid for

losses (including $318,908.87,

losses occurring in previous

years)

.$ 1,640,082 45 $ 225,600 58

2. Deduct all amounts actually re-

ceived for salvages (whether

on losses of the last or of pre-

vious year), $48,523.61, and

all amounts actually re-

ceived for reinsurances in other companies,$180,506.36;

total deductions

140,408^6 88,621 11

3. Net amount paid during the

year for losses

1,499,673 59

6 Paid for commissions or brokerage

, ofl r,TM 136,979

^ * 47 $

1,636,653

06

- 592,498 70

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

agents and all other employees



144,387 47

8. Paid for State, national and local taxes in this and other States
9 All other payments and expenditures, viz.: Deposit pre-

88,115 66

miums returned, $955.55; repairs and expenses on real

estate, national and local boards, travel and surveys

and miscellaneous ; total



197,813 71

10. Amount sent to home offices during the year. .$193,606 30_

Aggregate amount of actual expenditures during

the year in cash

$ 2,659,468 60

Business in the Slate of Georgia during the Year
Risks written Premiums received (gross). Losses paid . . Losses incurred

Fire Risks.
5,400,592 00 95,730 29 52,572 51 52,509 43

CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK, N.Y.

HENRY EVANS, President. J. B. LOPEZ and E. L. BUXUD. Secretaries. Principal Office, 46 Cedar street, New York.
J. L. RILEY & Co., Attorneys for Service in Georgia.

I.--CAPITAL.

1.

Whole

amount of

. ! capital

sttoc,,ik

<fc 1000 000 00$ 1,000,000 00 $ V000 000 00

2. Amount paid up in cash

<

II.--ASSETS.

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

^ ^

the amount of incumbrances thereon)

*; '

44

COMPTROLLER-GENERAL'S REPORT.

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

first liens on the fee simple)

$

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

interest accrued thereon

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements^ 20,050 00

5. Value of buildings mortgaged (insured for

$40,625.00 as collateral)

41,950 00

32 150 00 80S 07

6. Total value of said mortgaged premises

(carried inside)

62,000 00

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

absolutely by the company carried out at market value 11,288,515 00

12. Cash in company's principal office

I 7,639 42

13. Cash belonging to the company deposited in bank

800,864 11

Total cash items

$

15. Interest due and accrued on stocks not included in

" market value " uncollected.

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

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

inland risks

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

and accrued

808,503 53
82,936 50 770,039 28 94^33 58
i)68s 67

Total assets of the company, actual cash market

value

$ 14,192,177 63

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

447,536 96 47,701 00

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

495,237 96 30,344 73

6. Net amount of unpaid losses

if

7. Gross premiums without any deduction,

received and receivable upon all unex-

pired fire risks running one year or less

from date of policy $3,522,414.28; un-

earned premiums (fifty per cent.)

1,761,207 14

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, .$7,325 923.64;

unearned premiums (pro rata)

3,885,207 22

454 893 23

COMPTROLLER-GENERAL'S REPORT.

45

11 Total unearned premiums as computed above (carried

out)

* 5,646,414 36

15. Dividends declared and remaining unpaid or uncalled for

75 00

16. Cash dividends to stockholders remaining unpaid, princi-

pal unpaid on scrip and interest

33,606 02

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

agency and other miscellaneous expenses

15,000 00

19. All other demands against the company, absolute and

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

tested, viz.: Commissions, $150,683.27 ; reinsurance pre-

miums, $18,077 22; reserve for contingencies, $300,000. 468,760 49

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

6,628,749 10 1,000,000 00 6,563,428 53

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 14,192,177 63

rV.--INCOME DURING THE YEAR.

On Fire Risks.
1. Gross premiums and bills in course of col-

lection at close of last previous year $ 803,991 84

2. Add insurance collections over amount as shown

18-719 U

3. Net collected

822,711 48

4. Gross premiums on risks written and re-

newed during the year

6,818,332 69

5. Total

7,641,044 17

6. Deduct premiums and bills in course of col-

lection at this date

864,577 86

7. Entire premiums collected during the year 6,776,466 3L 8. Deduct reinsurance and return premiums. 955,667 08

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
and from all other sources 12. Income received from all other sources, omitting in-
crease, if any, in value of securities

5,820,799 23 1,574 28
445,814 28 23'617 44

15. Aggregate amount of income actually received during

the year in cashi

*$ "6',291,'80o 23

V.--EXPENDITURES DURING THE YEAR.

On Fire Eisks.

1. Gross amount actually paid for losses (in-

cluding 1402,078.46, losses occurring in

previous years

% 2,802,926 88

46

COMPTROLLER-GENERAL'S REPORT.

Deduct all amounts actually received for salvages (whether on losses of the last or of previous years) $10,157.57, and all amounts actually received for reinsurance in other companies, $112,657.00, total deductions

122,814 57

3. Net amount paid during the year for losses

$ 2,680,112 31

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

300,000 00

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

terest paid to scripholders

314 30

6. Paid for commissions or brokerage

1,267,049 66

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

clerks, agents and all other employees

424,759 45

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

States

141,069 39

9. All other payments and expenditures, viz.: Rents, $8,490;

advertising, printing and stationery, $51,995.64 ; furni-

ture and fixtures, $1,734.41; legal expenses, $4,683.38;

miscellaneous, $241,782.60; total

308,68(1 03

Aggregate amount of actual expenditures during

the year in cash

$ 5,121,991 14

Business in the State of Georgia daring the Year.

Fire Risks.

Risks written

$ 5,717,329 00

Premiums received (gross)

104,744 20

Losses paid

38,079 82

Losses incurred

38,215 92

CONNECTICUT FIRE INSURANCE COMPANY.

J. D. BROWNE, President.

CHARLES R. BURT, Secretary.

Home Office, 51 Prospect Street, Hartford, Conn.

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

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

if 1,000,000 00

Amount of ledger assets (as per balance),

December 31, 1902....

$

Extended at

4,445,431 65 $

4,445,431 65

II.--INCOME.

As shown by the books at home office at the close of business Dec 31,1903.

Fire.

1. Gross premiums

$ 3,496,067 05

2. Deduct reinsurance, rebate, abatement and

return premiums

615,653 95

COMPTROLLER-GENERAL'S REPORT.

47

3. Total premiums (other than perpetuals)

5. Interest on mortgage loans

$

7. Interest on bonds and dividends on stock. .

8. Interest from all other sources

9. Gross rents from company's property

. .$ 2,880,413 10 64,792 55 122,079 14
2,379 84 4,177 68

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

193,429 21 7,244^59

13. Total income

$ 3,081,086 90

III.--DISBURSEMENTS.

As shown by the books at home office at close of business Dec. 31, 1903.

Fire.

1. Gross amount paid for losses (including

$207,182.42, occurring in previous years) .$ 1,536,343 04

2. Deduct amount received for salvage, $10,-

247.78; and for reinsurance in other com-

panies, $111,965.49

122,213,27

3. Net amount paid for losses

$ 1,414,629 /7

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

clared during the year

100,000 00

8. Commissions or brokerage

587,800 24

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

agents and other employees

202,827 64

11A0. rR> ent4.s

.

11. Repairs and expenses (other than taxes) on real estate...

10,'951. 29 3,17o 06

12. Taxes on real estate 13. All other taxes, licenses and insurance department fees. .

3'630 31_ 90,898 42

15. All other disbursements: Advertising, printing and sta-

tionery, $50,272.94; legal expenses, $5,957.72 ; furniture

and fixtures, $3,326.59; miscellaneous expenses $113,-

898.51

_ _ 173'455 76

16. Total disbursements



* 2,587,368 55

IV.--LEDGER ASSETS.

1. Book value of real estate unincumbered

$

2. Mortgage loans on real estate, first liens

4. Book value of bonds, excluding interest, $2,525,434.11;

and stocks, $475,516.84



5. Cash in company's office

$

389 43

Cash deposited in banks, viz.: National Ex-

change Bank, Hartford, $242,479.73 ; Con-

tinental National Bank, Chicago, $49,326 ;

Anglo-California Bank, San Francisco,

$127518

__804!818_78

Total cash items

"

192'f,?!! TM 1,333,250 00 3,000,9o0.95
304'708 19

48

COMPTROLLER-GENERAL'S REPORT.

6. Agents' balances representing business written subse-

quent to October 1, 1903

$

7. Agents' balances representing business written prior to

October 1, 1903

9. Bills receivable, taken for fire risks

94,831 46
3,243 87 9,865 56

11. Total ledger assets

'

4,939,150 00

NOX-LEDGER ASSETS.

19. Market value of bonds and stocks over book value

20. Other non-ledger assets, viz.: Gross premi-

ums (excluding return premiums and re-

insurance) in course of collection Decem-

ber31st, not more than three months due.$ 227,000 00

Deduct cost of collection, commission, bro-

kerage and other expenses

93,000 00

108,698 05

Net amount of uncollected premiums, not more

than three months due

134,000 00

21. Gross assets

5,179,848 05

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business

written prior to October 1, 1903

$

5. Bills receivable, past due, taken for fire

risks

3,243 87 4,567 38

8. Total

7,811 25

9. Total admitted assets

$ 5,172,036 80

V.--LIABILITIES.
1. Gross losses adjusted and unpaid, not yetdue$ 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

57,807 36
185,664 40 27,65S 60

4. Total 5. Deduct reinsurance due or accrued

271,130 36 25,497 40

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 policy, including interest premiums on

perpetual fire risks, $1,827,816.89; un-

earned premiums (fifty per cent.)

$

$ 913,908 45

245,632 96

COMPTROLLER-GENERAL'S REPORT.

49

8. Gross premiums (less reinsurance) received and receivable upon all unexpired Are risks running more than one year from date of policy, $2,962,956.64; unearned premiums (pro rata)

1,571,010 04

12. Total unearned premiums as computed above

$ 2,484,918 49

24. Total amount of all liabilities except capital

2,730,551 45

25. Capital actually paid up in cash

$ 1,000,000 00

26. Surplus over all liabilities

1,441,485 35

27. Surplus as regards policy-holers

2,441,485 3o

28. Total

* 5,172,036 80

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

Biskswritten Premiums received (gross). ...: Lossespaid Losses incurred

$ 1,049,600 00 17,633 3o
10,246 67 4'916 0/

FIRE ASSOCIATION OF PHILADELPHIA.

E. C IRVIN. President.

M. G. GARRIGUES, Secretary.

Principal office, 407-409 Walnut Street, Philadelphia, Pa.

W. E. CHAPIX, Attorney for Service in Georgia.

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

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

II.--ASSETS.

1. Market value of real estate owned by the company

1 440.327 50

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

first liens on fee simple)

1,331,656 99

3. Interest due on all said bond and mortgage loans, $10,082.59; interest accrued thereon, $16,070.02; total

26,152 61

9. Total par and market value of stock and bonds owned absolutely by the company carried out at market value 3,463,554 00

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

securities (except mortgages)

Kati. A7

269,975 00

12. Cash in company's principal office

$

13. Cash belonging to the company deposited in bank Total cash items

219,413 67

275.328 14

15. Interest due and accrued on stocks not included in

"market value" uncollected



24,032 23

16. Interest due and accrued on collateral loans and uncollected

2,007 80

4 in

50

COMPTROLLER-GENERAL'S REPORT.

17. Cash in hands of agents and in course of transmission... .$ All other assets, both real and personal, viz.: Rents due and accrued, $2,310.33; due from other companies for reinsurance on losses already paid, $3,733.30.

Total assets of the company, actual cash market

value

*.

$

506,665 84 6,043 63
6,345,743 74

III.--LIABILITIES.

Losses adjusted and unpaid

$

Gross losses in process of adjustment or in

suspense, including all reported and

supposed losses

Losses resisted, including interest, costs

and other expenses thereon

140,082 70
195,496 43 30,933 09

Total gross amount of claims for losses. . .. I leduct reinsurance thereon

376,412 22 30,731 46

Net amount of unpaid losses

$

Gross premiums without any deduction,

received and receivable upon all unex-

pired fire risks running one year or less

from date of policy, $2,042,586.00; un-

earned premiums (fifty per cent.)

$ 1,321,293 00

Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than one year

from date of policy, $2,695,985.93; un-

earned premiums (pro rata)

1,399,099 02

339,680 76

11 Total unearned premiums as computed above (carried out) Amount reclaimable by assured under perpetual fire policies

2,720,892 62 1,850,527 43

Total amount of all liabilities, except capital stock, scrip, ~~

and net surplus

4,010,600 81

21, Joint capital stock actually paid up in cash

500,000 00

23 Surplus beyond capital and all other liabilities

035,142 93

24. Aggregate amount of all liabilities, including capital

I aid up and net surplus

$ 6,345,7-13 74

TV.--INCOME DURING THE VKAR.

On Fir.- Risk?. Gross premiums and bills in course of col-
lection at close of last previous year . .$ 724,645 52

Net collected Gross premiums on risks written and re-
newed during the year

724,645 52 4,878,485 59

Total Deduct premiums and bills in course of col-
lection at this date

5,1)03,131 11 (1811,204 46

COMPTROLLER-GENERAL'S REPORT.

51

Entire premiums collected during the year 4,913,836 65 Deduct reinsurance and return premiums. . 1,2G4,479 19

Net cash actually received for premiums (carried out). . .$ .3,649,357 46

Received for perpetual fire risks

52,392 69

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

72,658 54 188,174 51

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

if any, in value of securities, viz.: Earned deposit

premiums, $3,770.53; profits on sales of assessments

during year, $605.42; total

4,375 95

[5 Aggregate amount of income actually received during

the year in cash

$3,966,959 15

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $320,504.71) losses occurring in

previous years

$ 2,092,662 40

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous years) $21,938.36, and all

amounts actually received for reinsur-

ance in other companies, $283,476.45;

total deductions

305,414 81

Net amount paid during the year for losses

$ 1,787,247 59

Cash dividends actually paid stockholder's (amount of

stockholders dividends declared during the year)

200,000 00

Paid for commissions or brokerage

893,317 77

Paid for salaries, fees and other charges of officers,

clerks, agents, and all other employees

301,984 75

8. Paid for State, nat'onal ai.d local taxes in this and other States
Return deposit premiums

82,717 27 72,155 97

All other payments and expenditures, viz.: Taxes on

real estate, $8,754.26; advertising and stationery, $22,-

601.20; repairs to real estate, $13,433.12; miscellane-

ous, $65,359.78 ; interest paid, 3,870.73; profit and loss, $2,504.93; total

116,524 02

Aggregate amount of actual expenditures during

the year in cash

$ 3,453,947 37

Business in the State of Georgia during the
Risks written Premiums received (gross) Losses paid Losses incurred

Year. $

Fire Risks.
4,648,403 00 82,937 05 33,589 36 30,275 93

52

COMPTROLLER-GENERAL'S REPORT.

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

WILLIAM .1. DUTTON, President.

Louis WKISMANN, Secretary.

Principal Office, 401-7 California Street.

EDGAR 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 00 1,000,OCO 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, $724 32 ;

interest accrued thereon, $695.83; total 4. Value of lands mortgaged, exclusive of

buildings and perishable improvements.$ 454,500 00 5. Value of buildings mortgaged (insured for

$86,050.00 as collateral)

192,500 00

5IS,000 00 188,312 50
1,420 15

6. Total value of said mortgaged premises (car-

ried inside)

647,000 00

7. Amount of other loans.

462,500 01

9. Total par and market value of stocks and boiids 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 offices

$ 15,468 89

13. Cash belonging to the company deposited

in bank: Orocker-Woolworth National

Bank, San Francisco, Cal ,$21,190.04; San

Francisco National Bank, San Francisco,

Cal., $18,783.63; Bank of California, San

Francisco, Cal., $11,177.01; Anglo-Cali-

fornian Bank (Limited), San Francisco,

Cal., $11,480.88; Union Trust Co., San

Francisco, Cal., $16,290.87 ; Savings and

Loan Society, San Francisco, Cal., $12,-

194.92 ; San Francisco Savings Union, San

Francisco, Cal., $18,341.78; Corn Exchange

National, Chicago, $27,792.88 ; Shawmut

National Bank, Boston, $56,513.08; Na-

tional Park Bank, New York, $69,564.74 ;

I. C. Plant's Son, Banker, Macon, Ga.,

$14,851.63; First National Bank, Al-

buquerque, N. M., $10,000.00; Bishop &

Co., Bankers, Honolulu, H. I, $7,735.00. . 295,916 46

3,603,430 00 462,500 00-

Total cash items

311,385 35

COMPTROLLER-GENERAL'S REPORT.

53

16 Interest due and accrued on collateral loans and uncol-

lected

*

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

18 Bills receivable, not matured, taken for fire, marine and

inlandrisks All other assets, both real and personal, viz.: Due from
other companies for reinsurance on losses already paid

2-33730 702,574 2,
53>714 08
15,145 72

Total assets of the company, actual cash market

value

* 5,858,820 37

III.-- LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sap-

posed losses

*

3. Losses resisted, including interest, costs and

other expenses thereon

338,886 08 4>550 00

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

343,436 OS 101,355 10

(i. 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, $1,978,559.93; 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, $2,001,300.34; un-

earned premiums (pro rata) .

10. Gross premiums without any deduction, re-

ceived and receivable on all unexpired

marine risks

* 989,279 96 1,112,053 82 234'908 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. : Commissions, brokerage and other charges,
due or to become due to agents and brokers, $84,287.80; all other claims, $40,090.68

242,080 98
2,336,242 11 Ui*< *

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

7M 5?

and net surplus



21. Joint stock capital actually paid up in cash

23. Surplus beyond capital and all other liabilities

T'nnn'nno 00
*; m H0 ^V^u^u

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

up and net surplus

' '

54

COMPTROLLER-GENERAL'S REPORT.

IV.--INCOME DURING THE YEAR.

On Fire Risks Gross premiums and bills in

On Marinp and Inland Risks.

course of collection at close

of last previous year, as

shown by that year's state-

ment

$ 547,382 33 $ 175,541 22

Net collected Gross premiums on risks writ-
ten and renewed during the year

547,382 33 3,937,632 64

175,541 22 1,065,337 19

Total Deductpremiums and bills in
course of collection at this date

4,485,014 07 599,236 35

1,240,878 41 157,053 00

Entire premiums collected during the year
Deduct reinsurance and return premiums

3,885,778 62 1,212 840 54

1,083,825 41 530,072 21

9. Net cash actually received for premiums (carried out). .. 2,672,938 08 552.853 20$
10. Received for interest on bonds and mortgages 11. Received for interest and dividends on stocks and bonds,
collateral loans, and from all other scurces 12. Income received from all other sources, omitting increase,
if any, ih value of securities, viz.: Rents

3,225,79128 15,870 85
170,500 34
25,250 26

15. Aggregate amount of income actually received during

the year in cash

$ 3,437,421 73

V. -- EXPENDITURES HIRING THE YEAR.

On Marine and On Fire Risks. Inland Risks.

1. Gross amount actually paid

for losses (including $263,-

139.22, losses occurring in

previous years)

$ 1,691,060 17 $ 762,635 89

2. Deduct all amounts actually

received for salvages,

(whether on losses of the

last or of previous year),

$45,700.79 and all amounts

actually received for rein-

surance in other companies,

$802,942.58; total deduc-

tions

397,392 10 451,251 27

3. Net amount paid during the

year for losses

1,293,668 07

311,384 62 $ 1,605,052 (0

COMPTROLLER-GENERAL'S REPORT.

55

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

'

120,000 00 484,745 61
287,708 99

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

States

9. All other payments and expenditures

_

79,097 06 254,219 15

Aggregate amount of actual expenditures during

the year in cash

$ 2,830,823 50

Business in the State of Georgia during the Year.

Risks written Premiums received (gross) Losses paid Losses incurred

Marine and Inland

Fire Kisks.

Risks.

Aggregate.

* 6,194,3ti5 00 $2,581,307 00 $ 8,775,732 00

105,257 20 18,061 53 123,321 73

46,526 57 40,263 58

23,529 99 14,1.8.73

70,056 56 55,249 31

EORGIA HOME FIRE INSURANCE COMPANY, COLUMBUS, GA.

RHODES BROWNE, President.

WM. C COART, Secretary.

Principal Office, 1046 Broad street.

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

r.--CAPITAL.

Whole amount of capital stock

$ 300,000 00 $ 300,000 00

Amount paid up in cash

300,000 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)

Value of lands mortgaged, exclusive of buildings and perishable improvements.! 272,350 00

Value of buildings mortgaged (insured for $176,025 as collateral)

251-2a0 00

Total value of all said mortgaged premises

(carried inside)

* 523,600 00

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

138,92o 00 lb0>'^ '
464,360 U

11, Amount loaned on stocks and bonds and all other secun-

ties (except mortgages)



12, Cash in company's principal office

%

13 Cash belonging to the company deposited

in bank: National Bank of Columbus,

4.339

$44,068 58; Mercantile National Bank,

N. Y., $16,177.72, total TMTotal, cash items

60'246 30 ..$

^ 64,575 47

56

COMPTROLLER-GENERAL'S REPORT.

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: Colonial Insurance Company, $362.24 ; Globe & Rutgers'$276.62; Piedmont Insurance Company, $119 05; open ledger accounts,$1,780.55; life insurance account, $1,039.60

Total assets of the company, actual cash market

value

$

III.--LIABILITIES.

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

48,072 14 6,489 98

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

54,562 12 8,354 34

Net amount of unpaid losses

Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are risks running one year or less from

date of policy, $297,329.98; unearned pre-

miums (fifty per cent)

$

Gross premiums without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $267,11S.05 : un-

earned premiums (pro rata)

$ 148,664 99 146,609 29

11. Total unearned premiums as computed above (carried out) 16. Cash dividends to stockholders remaining unpaid 18. Old savings bank account 19. All other demands against the company, abso ute and
contingent, due and to become due, admitted and con-
tested, viz.: Reinsurance premiums

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

I

IV. -- INCOME DURING THE YEAR.

Oil Fire Risks. 1. Gross premiums and bills in course of col-

lection at close of last previous year. .. .$ 2. Deduct amount of same not collected

65,156 86 2,130 70

3. Net collected

63,026 16

71,111 32
3,578 06 962,636 99
46,207 78
295,274 28 180 00
2,233 12 499 82
344,395 00 300,000 00 318,241 99 962,636 99

COMPTROLLER-GENERAL'S REPORT.

57

Gross premiums on risks written and renewed during the year
Total. Deduct premiums and bills in course of
collection at this date

563,571 33 626,597 49
71,111 32

Entire premiums collected during the year Deduct reinsurance and return premiums

555,486 17 171,918 49^

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

10. Received for interest on bonds and mortgiges 11. Received for interests and dividends on stocks and bonds,
collateral lows and from all other sources

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

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

_

383,567 68 10,908 58
22,987 35
5,366 49

15. Aggregate amount of income actually received during

the year in cash

*

422,830 10

v.--EXPENDITURES DURING THE YEAR.

On Fiie Ri k--

1. Gross amount actually paid for losses (in-

cluding $18,317.17, losses occurring in

previous years)

"

199,701 08

2. Deduct all amounts actually received for

salvages, whether on losses of the last or

of previous years, and all other amounts

actually received for reinsurance in other companies.

38,797 95

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

Aggregate amount of actual expenditures during

the year in cash

$

160,903 13 90 000 00 68,543 24 71,148 90 15,755 05
9,273 19
415,623 51

Business in the Mate of Georgia during the Year.
Risks written Premiums received (gross) Losses paid Losses incurred

F re Risks. 4,189,870 00
60,508 42 25,259 69 23,377 99

58

COMPTROLLER-GENERAL'S REPORT.

GERMAN FIRE INSURANCE COMPANY OF FREEPORT, ILL.

C O. COLLMANN, President.

VVM. TREIIBOR, 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--$ 500,000 00 200,000 00

ir.--ASSETS.

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

the amount of incumbrances thereon)

$ 88.700 00

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

first liens on the fee simple)

2,499,258 48

3. Interest due on all said bond and mortgage loans,$5,572.17;

interest accrued thereon, $61,459.80 ; total

67,031 97

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

$ 33,249 34

13. Cash belonging to the company deposited

in bank: German Bank, Fresport, 111.,

$189,286.27; State Bank, Freeport, 111.,

$40,581.77 ; First National Bank, Freeport,

111., $46,958.31; total

310,075 69

1,524,439 16 7,700 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!ected
17. Cash in hands of agents and in course of transmission 18. Bills receivable, not matured, taken for Are, marine and
inland risks

310,075 69 13,726 47 232 68
440,958 95 54)5,-)S L>0

Total assets of the company, actual cash market

value

$ 5,006,681 60

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

75,026 06
94,823 32 12,497 92

COMPTROLLER-GENERAL'S REPORT.

59'

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

1S2.347 30 5,583 77

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, $1,776,120.65; un-

earned premiums (fifty per cent.)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy, $3,893,652.42;

unearned premiums (pro rata)

$ 883,060 33 2,099,075 57

176,763 53

11. Total unearned premiums as computed above (carried out) 2,987,135 90

17. Due and accrued for salaries, rent, advertising and for agency and other miscellaneous expen-es, commission

and brokerage

96,074 /8

19. All other demands against the company, absolute and

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

tested, viz.: Reserve retained for Munich Reinsurance

Company

_

43'11] 78

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

3,303,085 99 200,000 00
1,503,595 61

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 5,006,681 60

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

$ 485,461 53

2. Deduct amount of same not collected

12,934 72

3. Net collected 4 Gross premiums on risks written and re-
newed during the year

472,526 86 3,628,479 86

5. Total

* 4,101,006 72

6. Deduct premiums and bills in course of col-

lection at this date

520,681 85

7. Entire premiums collected during the year, cash, $3,437,262.41; notes, $142,062.46 .... 3,580,324 87
8. Deduct reinsurance and return premiums.. 672,974 19

9. Net cash actually received for premiums (carried out). . .$ ^'f |*

10. Received for interest on bonds and mortgages

103,<52O J,o

^H

63

COMPTROLLER-GENERAL'S REPORT.

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, $3,161.08;

worthless notes, 1782.16

57,987 07 3.941 14

15. Aggregate amount of income actually received during the

year in cash.

3,072,602 14

V.--EXPENDITURES DURING THE YEAR.

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

cluding $151,668.43, losses occurring in

previous years)

$ 1,350,316 78

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), 16,004.69, and all

amounts actually received for reinsur-

ance in other companies, $58,322.35; total

deductions

64,327 04

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 f r 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.: Paid Munich

Reinsurance Co., $21,734.80; as per treaty freight,

$8,122.48; premiums paid on stocks and bonds, $15,312.50;

printing and stationery, $34,150.09; postage, 112,137.69

profit and loss, $12,934.72; miscel'aneous, $91,171.96

total..'.

1,286,019 74 40,000 00
754,828 59 168,467 58 70,716 74
195,564 24

Aggregate amount of actual expenditures during

the year in cash

$ 2,515,596 89

Business in the Stale of Georgia during the Year.
Risks written Premiums received (gross) Losses paid Losses incurred

Fire Risks. 2,103,441 00
25,101 26 17,773 78 7,785 20

COMPTROLLER-GENERAL'S REPORT.

61

GERMAN ALLIANCE FIRE INSURANCE COMPANY OF NEW YORK.

WM. N. KREMER, President.

CIIAS. G. SMITH, Secretary.

Principal Office, 58 Liberty Street, New York.

W. L. REYNOLDS, 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 00 400,OOJ 00

II.--ASSETS.

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

$

L 44

13. Cash belonging to the company deposited in bank: Central National Bank of New

York

28-43084

Total cash items

15 Interest due and accrued on stocks not included in " ma:

ket value " uncollected

--

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

1,1(36,484 00
28,432 28 3,857 00
1H5,()15 30

Total assets of the company, actual cash market

val, ue

$' 1,'304,228 58

III. -- LIABILITIES.
1. Losses due and unpaid, %....; not yet due. if 2. Gross losses in process of adjustment or in
suspense, including all reported and supposed losses

6. Net amount of unpaid losses 7. Gross premiums without any deduction,

received and receivable upon all unex-

pired Are risks running on year or less

from date of policy, $333.293.13; unearned

premiums (fifty per cent)

%

S. Gross premiums, without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year

from date of policy, $260,855.81; unearned

premiums (pro rata)

29,961 70 41,252 00
.*
166,646 56
133,740 17

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

19 Allother demands against the company, absolute and

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

tested, viz.: Commission, brokerage, etc

_

71,213 70
300,386 73 31,221 69

20. Total amount of all liabilities, except capital stock, scrip^ 402,822 12
and net surplus

62

COMPTROLLER-GENERAL'S REPORT.

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

$ 400,000 00 501,406 46

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 1,304,228 58

IV.-- INCOME DURTKG THE YEAR.

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

tion at close of last previous year, as

shown by that year's statement

$ 103,393 76

3. Net collected 4. Gross premiums on risks written and re-
newed during the year

103,393 76 541,357 66

5- Total

.....:..

6. Deduct premiums and bills in course of col-

lection at this date

644,751 42 105,615 30

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

539,136 12 111,918 71

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 in-
crease, if any, in value of securities, viz : profit on sale of stocks and bonds

15. -Aggregate amount of income actually received during

the year in cash

|

427,217 41 54.218 56
1,281 45 482,717 42

V.--EXPENDITURES DURING THE YEAR.

,

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $54,621.75, losses occurring in pre-

vious years)

sf 209,261 52

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year)

4,120.32

3. Net amount paid during the year for losses

!f

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

Aggregate amount of actual expenditures during

the year in cash,

$

205,141 20 40,000 00 95,766 15 4,468 80 30,495 08
375,871 23

COMPTROLLER-GENERAL'S REPORT.

63

GERMAN AMERICAN FIRE INSURANCE COMPANY OF NEW YORK.

WILLIAM M. KREMER, President.

CHARLES G. SMITH, Secretary.

Principal Office, 58 Liberty Street, New York.

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

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

$ 1,500,000 00 $ 1,500,000 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)

Interest due on all said bond and mortgage loans

Value of lands mortgaged, exclusive of

buildings and perishable improvements .$

8,000 00

Value of buildings mortgaged (insured for

$13,000.00 as collateral)

14,000 00

15,000 00
13,000 00 195 00

Total value of said mortgaged premises

(carried inside)

22,000 00

Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 10,707,194 00

Cash in company's principal office

$ 72,451 08

Cash belonging to the company deposited in bank

3^'9 89

Total cash items 15, Interest due and accrued on stocks not included in "mar-
ket value " uncollected
10. Interest due and accrued on other assets 17. Cash in hands of agents and in course of transmission . .

430,620 77
50,504 75 2,619 09
919,365 03

Total assets of the company, actual cash market

value

* 12,228,528 64

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

131,321'00
530,906 00 49,047 00
714,274 00 115,813 75

64

COMPTROLLEK-GENERAL'S REPORT.

6. Net amount of unpaid losses

$

7. Gross premium? without any deduction,

received and receivable upon all unex-

pired fire risks running one year or less

from date of policy, $1,416,218 38 ; un-

earned premiums (fifty p?r cent.)

S 1,708,109 19

8. Gross premiums without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $4,449,873.76;

unearned premiums (pro rata)

2,394,001 03

598,400 25

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

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

agency and for other miscellaneous expenses

\.

19 All other demands against the company, absolute and

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

tested, viz : Commissions, brokerage and other charges

due and to become due to agents and brokers, on pre-

miums paid and in course of collection, S176,781.15 ;

return premiums, $3,682.10; reinsurance, $196,412.26;

total

4,102, i 10 22 17,833 07'
376,875 51

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

5,095,279 05 1,500,000 00 5,633,249 59

24. Aggregate amount of all liabilities, including capital

paid up a:id net surplus

$ 12,228,528 64

IV.--INCOME DURING THE YEAR.

On Fire Risks.
1. Gross premiums and bills in course of col-
lection at close of last previous year $ 911,720 26

2. Deduct amount of same not collected

2,315 77

3. Net collected

909,404 49

4. Gross premiums on risks written and re-

newed during the year

7,656,215 47

5. Total

8,565,619 96

6. Deduct premiums and bills in course of

collection at this date

927,007 43

7. Entire premiums collected during the year 7,638,612 53 8. Deduct reinsurance and return premiums . 2,723,738 00

9. Net cash actually received for premiums (carried out). .$ 4,914,874 53

10. Received for interest on bonds and mortgages

520 00

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

collateral loans, and from all other sources

400,806 87

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

crease, if any, in value of securities, viz.: Rents, $1,-

200.00; uncollectable accounts charged to profit and

loss in 1902, collected in 1903, -$486.82; total

1.686 82

COMPTROLLER-GENERAL'S REPORT.

65

13. Received for calls on capital, $913,680.00; for increase

capital $500,000.00; total

$ 1,413,680 00

15. Aggregate amount of income actually received during

the year in cash

6,731,568 22

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks. 1. Gross amount actually paid for losses (in-
cluding $455,431.81, losses occurring in

previous years)

$ 3,083,923 33

2. Deduct all amounts actually received for salvages (whether on losses of the last or

of previous year), $30,623.69, and all

amounts actually received for reinsurances in other companies, $754,178.13;

total deductions

784,801 82

3. Net amount paid during the year for losses

$ 2,299,121 51

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

500,000 00

6. Paid for commissions or brokerage

899,180 23

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

clerks, agents, and all other employees

224,623 07

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

States



9. All other payments and expenditures, viz.: Rent, $33,-

128,547 14

374.56; advertising, stationery and printing, $41,720.84 ;

furniture and fixtures, $5,131.29; miscellaneous, $350,-

757.20; total

430,983 89

Aggregate amount of actual expenditures during

the year in cash

* 4,482,455 84

Business in the Stale of Georgia during the Year.

Fire Bisks.

Risks wri..t.ten,,

v$4,'514,'783 00

Premiums received (gross)

81'96 65

Losses pai.-d, Losses incurred,

. . 33,496 97 46,888 97

5 in>

HH

66

COMPTROLLER-GENERAL'S REPORT.

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

HUGO SCHUMANN, President.

GUSTIY'RMM ***' \ Secretaries-

Principal Office, 62-64 Williams Street, New York.

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 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

.-.

4. Value of lands mortgaged,exclusive of build-

ings and perishable improvements

$ 234,000 00

5. Value of buildings mortgaged (insured for

$357,500 as collateral)

405,000 00

670,488 77 376,500 00
8,163 11

6. Total value of said mortgaged premises

(carried inside)

639,000 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

$ 6,892 98

13. Cash belonging to the company deposited in

bank: National Park Bank, New York,

$56,060.60; German-American Bank,New

York, $130,371.40; Colonial Trust Co., New

York, $25,000; Trust Co. of America,

New York, $25,000; Washington Trust Co.,

New York, $25,000; First National Bank

of Illinois, Chicago, $77,954.44; total

339,386 44

4,116,472 25

Total cash items 17. Cash in hands of agents and in course of transmission
All other assets, both real and personal, viz.: Rents due and accrued, $1,858.72; cash in hands of department managers, $22,720.40

346,27!) 42 310,447 66
24,574 12

Less premiums over three months due

5,852,925 33 3,091 70

Total assets of the company, actual cash market

value

$ 5,849,833 63

COMPTROLLER-GENERAL'S REPORT.

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

63,851 17
94,737 78 19,894 00

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

183,482 95 35,421 06

6. Net amount of unpaid losses

7. (Iross premiums, without any deduction, re-

ceived and receivable upon all unexpired

Are risks running one year or less from

date of policy, $1,212,226.34; 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, $2,949,827.43; unearned

premiums (pro rata)

$ 606,113 17 1,571,930 5/

148,061 89

11. Total unearned premiums as computed above (carried out) 19. All other demands against the company, absolute and con-
tingent,dueand to become due, admitted and contested,
viz.: Unpaid commissions

2,178,043 74 5,263 89

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

2,331,369 52 1,000,000 00 2,518,464 11

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 5,849,833 63

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

$ 327,027 25

3. Net collected

' 327,027 25

4. Gross premiums on risks written and re-

newed during the year

_ 2,717,652 91

5. Total

3,044,680 16

6. Deduct premiums and bills in course of col-

lection at this date

310,447 66

7. Entire premiums collected during the year 2,734,232 50 8. Deduct reinsurance and return premiums . 632,631 69

^^H

68

COMPTROLLER-GENERAL'S REPORT.

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

2,101,000 81 16,5-10 80
179,787 23

15. Aggregate amount of income actually received during the

year in cash

* 2,297,934 84

V.--EXPENDITURES DURING THE YEAR.

On Fire Ri=ks. 1. dross amount actually paid for losses (in-

cluding $119,223.94, losses occurring in pre-

vious years)

$ 908,793 00

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $1,986.11, and all

amounts actually received for reinsur-

ances in other companies, $105,067.85;

total deductions

107,053 96

3. Net amount paid during the year for losses

$

4. Cash dividends actually pail 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,

agency and office expenses, board expenses, fire patrol,

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

ing expenses

10. Amount sent to home offices during the year (profit and

loss account items)

801,739 04 160,000 00 4(54,816 99 148,539 33
54,78141
109,387 61 874 42

Aggregate amount of actual expenditures during

the year in cash

$ 1,710,138 80

Business in the State of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fire Risks. 2,759,155 00
39,243 95 14,507 51 14,841 18

COMPTROLLER-GENERAL'S REPORT.

69

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

J. L. CUNNINGHAM, President.

R. A. LITTLE, Secretary.

Principal Office, Corner Glen and Bay Streets.

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

. $ 200,000 00 S 200,000 00 200,000 00

II. ASSETS.

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

the amount of incumbrances thereon)

$

71,227 48

2. Loans on bond and mortgage (duly recorded and being first liens on the fee simple)

830,129 08

3. Interest due on all said bond and mortgage loans, $2,283.36; interest accrued thereon, $840.37 ; total

3,123 73

9. Total par and market value of stocks and bonds owned absolutely by the company carried out at market value. 2,391,980 00

11. Total amount loaned on stocks, bonds and all other securities (except mortgages)

3,700 00

12. Cash in company's principal office

$

2,270 70

13 Cash belonging to the company deposited in

' bank

628'172 m

Total cash items

630,443 06

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 real estate sold..^

7,697 89 127,479 92
900 00

Contingent depreciation on mortgage loans

4,066,681 16 ^ 20,000 00

Total assets of the company, actual cash market

val, ue

..*I 4,046,681 16

III.--LIABILITIES.

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

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

6. Net amount of unpaid losses.

68,988 26
2,025 00 71,013 26 15,225 22
.$

55,788 04

HHH^H^H

70

COMPTROLLER-GENERAL'S REPORT.

7. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running one year or less

from date of policy, $664,167.52 ; unearned

premiums (fifty per cent)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy, 51,785,650.49;

unearned premiums (pro rata)

332,083 76 947,932 27

11. Total unearned premiums as computed above (carried out)$ 1,280,016 03

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

agency and other miscellaneous expenses

35,000 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

1,370,804 07 200,000 00
2.475,877 09

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 4,046,681 16

IV.--INCOME DURING THE YEAR.

On Fire Risks.
1. Gross premiums on risks written and re-

newed during the year

$ 1,679,794 11

8. Deduct reinsurance and return premiums. . 418,225 78

9. Net cash actually received for premiums (carried out). .{ 1,261,588 33

10. Received for interest on bonds and mortgages

53,661 92

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

collateral loans and from all other sources

117,333 64

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

if any, in value of securities, viz.: Rents, $4,S28.90;

profit and loss, $1,934.09 ; total

9,762 39

15. Aggregate amount of income actually received during the

year in cash

$ 1,442,326 88

V.--EXPENDITURES DURING THE YEAR.

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

cluding $50,490, losses occurring in pre-

vious years)

.$ 658,208. 63

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $1,354.98, and all

amounts actually received for reinsur-

ances in other companies, $103,843.21;

total deductions

105,198 19

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

553,010 44 120,000 00

COMPTROLLER-GENERAL'S REPORT.

71

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

316,391 26
79,371 13
58,460 55 78,418 79

Aggregate amount of actual expenditures during

the year in cash

$ 1,205,652 1?

Business in the Stale of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fire Risks.
1,300,668 00 18,249 20 5>833 97 5,741 83

GREENWICH INSURANCE COMPANY OF NEW YORK.

,, ., MASON A. STONE, President.

WALTER B. WARD, ) Asst. WILLIAM ADAMS, ) Secretaries.

Principal Office, No. 61 Pine Street, New York, N. Y.

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 thecompany,carried out at market value.$

12. Cash in company's principal office

$ 8,257 49

13. Cash belonging to the company deposited in bank: Mercantile National Bank, N.Y., $54,322.79; Merchants Exchange National

Bank, N. Y., $64,817.61

119,140^0

1,619,410 00

Total cash items

15. Interest due and accrued on bonds and 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

i. nl. and-, ri.sk, s

_

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

Due from other companies for reinsur-

ance on losses already paid, $23,547.27;

commissions on unpaid return premi-

ums, $3,987.37; commissions on unpaid

reinsurance $6,562.63

Less of item 17, more than three months due

127,397 89 11,625 00 324,090 90
7,930 oo
^ ^ ' 2,124,551 62 4,54/j65

Total assets of the company, actual cash market

value

* *

tmm

HHH

72

COMPTROLLER-GENERAL'S REPORT.

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

236,961 10 18,900 00

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

255,861 10 35,550 33

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, $1,137,933.29; un-

earned premiums (fifty per cent.)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $1,562,290.21;

unearned premiums (pro rata)

Si Excess of original premiums and amount

received for reinsurance, $4,229.45; un-

earned premiums (pro rata)

Jross premiums, without any deduction

(including both cash and bills), received

and receivable upon all unexpired inland

navigation and marine risks, $112,603.93;

unearned premiums (fifty per cent.) ....

.$ 568,966 64 821,163 34
1,061 94 56,301 97

220,310 77

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.: For contingencies, $5,000; commissions on uncollected premiums, $40,000; return premiums, $22,785; reinsurance, $26,250.54

1,447,493 89 94,035 54

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

1,761,840 20 200,000 00 158,163 77

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,120,003 97

-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 as shown

by that year's statement. .$ 370,156 87

>7,042 11

3. Net collected

370,156 87

>7,042 11

COMPTROLLER-GENERAL'S REPORT.

73

4. Gross premiums on risks

written and renewed during

the year

2,457,234 67

5. Total

2,827,39154

6. Deduct premiums and bills in

course of collection at this

date

313,925 39

211,705 01 238,747 12
10,165 51

7. Entire premiums collected

during the year

2,513,4H8 15

8. Deduct reinsurance and re-

turn premiums

769,010 82

228,581 61 33,381 38

9. Net cash actually received for premiums (carried out) .. . 1,744,455 33

195,200 23 $ 1,939,655 56

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

64,473 55

15. Aggregate amount of income actually received during

ZthLe year i.n cashi

T$ 2,'004,'129 11

V.--EXPENDITURES DURING THE YEAR.

On Marine and On Fire Risks. Inland Risks.

1. Gross amount actually paid

for losses (including $215,-

872.16, losses occurring in

previous years)

' 1,218,012 72 $145,607 18

2. Deduct all amounts actually

received for salvages

(whether on losses of the

last or of previous year),

$31,060.87 ; and all amounts

actually received for rein-

surances in other compa-

nies, $227,959 32; total de-

ductions

235,873 17

23.147 02

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 employee?

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

Stat6S



-

9 Allother payments and expenditures, viz.: Rents, $18,-

840.82; local board, $32,119.88; maps, $2,722.38; tele-

grams, $2,309.73; express, $2,209.82; stationery and

supplies, $22,455.23; sundry expenses, $82,197.24; total.

1,104,599 71 20,000 00
395,274 42 168,657 63 53,959 89
162,855 10

Aggregate amount of actual expenditures during

the year in cash

$ 1,905,346 75

74

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the Year.

Risks written

Fire Risks. $3,454,144 00

Premiums received (gross) Losses paid.,

51,372 39 18,753 41

Losses incurred

17,383 66

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

A. HAMMACHBR, President.

S. V. DORRIEX, 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. Amount in notes of 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.? 1,622,046 25

13. Cash belonging to the company deposited in bank: Bank

of America, New York City

58,477 39

17. Cash in hands of agents and in course of transmission. . 153,654 31

Total assets of the company, actual cash market

value

$ 1,834,177 95

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

18,145 00
74,135 00 17,500 00

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

6. Net amount of unpaid losses

7. Gross premiums without any deduction, re-

ceived and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $1,301,158.83; un-

earned 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, $1,236,149.83; unearned premiums (pro rata)

109,780 00 5,180 00 if
650,579 42
642,305 83

104,600 00

11. Total unearned premiums as computed above (carried out) 1,292,885 25

COMPTROLLER-GENERAL S REPORT.

75

20, Total amount of all liabilities, except capital stock, scrip and net surplus

1,397,485 25

23, Surplus beyond capital and all other liabilities

436,692 70

24.

Aggregate amount of all liabilities, including capital paid

up and net surplus

f

1,834,177 95

IV.--INCOME DURING THE YEAR.

On Fire Risks.

Gross premiums on risks written and re-

newed during the year

S 2,048,231 39

Entire premiums collected during the year. 2,048,231 39 Deduct reinsurance and return premiums.. 350,800 13

9. Net cash actually received for premiums (carried out) . .$ 1,007,431 26

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

58,570 64

15.

Aggregate amount of income actually received during the

year in cash

$

1,756,001 90

v --EXPENDITURES DURING THE YEAR.

On Fire Risks.

(iross amount actually paid for losses (in-

cluding $78,374.IS, losses occurring in pre-

vious years)

* 899,1" ">

Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $6,681.19, and all

amounts actually received for reinsur-

ances in other companies, $37,110.99; total deductions

43,792 IS

Net amount paid during the year for losses

$

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

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

855,318 92 353,710 59
131,231 51
39,843 01

9. All other payments and expenditures, viz.: Rent, board and patrol expenses, printing, advertising, stationery,
postage, traveling expenses, etc 10. Amount sent to home offices during the year. $105,051 7 ^

10(1,664 55

Aggregate amount of actual expenditures during

the year in cash

$ 1,486,708 58

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

Risks written Premiums received (gross).
Losses paid Losses incurred

.$ 1,366,950 00 24,891 86 12,882 58 12,007 53

Hi

76

COMPTROLLER-GENERAL'S REPORT.

HANOVER FIRE INSURANCE COMPANY OF NEW YORK.

CHAS. A. SHAW, President.

JOSEPH MCCORD, Secretary.

Principal Office, 34 Pine Street, New York.

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

I.--CAPITAL.

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

$ 1,000,000 00 if 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

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements. .$ 5. Value of buildings mortgaged (insured for

2,500 00

$3,500.00 as collateral)

5,000 00

692,985 84 3,500 00 14 58

6. Total value of said mortgaged premises

(carried inside)

7,500 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

$ 22,547 26

13. Cash belonging to the company deposited

in bank: America, $58,822.03; German-

American, $3,395.91; Central Trust Co.,

$136,826.04; Guarantee Trust and Safe

Deposit Co., Philadelphia, $200.00; total. 199,243 98

2,750,244 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. . .
All other assets, both real and personal, as per schedule attached, viz.: Rents due and accrued, $456.00; due from other companies for reinsurance on losses already paid, Munich, $12,720.32; Citizens, $6S3.33; Northern Ins. Co., $443.50; Hamilton, $25.00; Greenwich, $23.02.

221,791 24 20,385 74 400,836 75
14,351 17

Total assets of the company, actual cash market

value

$ 4,104,110 07

III.--LIABILITIES.
1. Losses due and to become due and unpaid.$ 2. Gross losses in process of adjustment or in
suspense, including all reported and supposed losses

78,849 89 248,371 77

COMPTROLLER-GENERAL'S REPORT.

77

Losses resisted, including interest, costs and

other expenses thereon



32,238 48

Total gross amount of claims for losses Deduct reinsurance thereon

359,460 14 49,160 50

Net amount of unpaid losses

Gross premiums without any deduction,

received and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $2,074,106.11; un-

earned premiums (fifty per cent.)

$

Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running more than one year from

date of policy, $1,881,023.61; unearned

premiums (pro rata)

Excess of original premiums over amount

received for reinsurance, $1,232.96; unearned-,

$ 1,037,053 05 1,036,206 33
272 85

310,299 64

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, $80,167.32;
return premiums, $2,275.80; reinsurance premiums, $7,607.5_9-.

20

Total amount of all liabilities, except capital stock, scrip

and net surpl, us



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

2,073,532 23
9!_0,'0o0 71
Z,'4/0,00.. Oc '"on 997 Z <**",--' TM

21 , Aggregate amount of all liabilities, including capital

^

paid up and net surplus

"' '

IV _INCOME DURING THE YEAR. On Fire Risks.

. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ :\Z\ U4

. Deduct amount of same not collected

*V^ -

. Net co1l1lec4t.edA



. Gross premiums on risks written and re-

newed during the year

428,326 52 4,J&rf,/4J 00

. Total

.

.. 4,682,072 37 ' '

. Deduct premiums and bills in course of col-

lection at this date

______!--

. Entire premiums collected during the year 4,230,649 57 . Deduct reinsurance and return premiums.. 1,88,0U a

78

COMPTROLLER-GENERAL'S REPORT.

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

2,9)6,137 64 175 00
112,339 79
29,083 14

15. Aggregate amount of income actually received during the

year in cash

$ 3,057,735 57

V.--EXPENDITURES DURING THE YEAR.

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

cluding.$265,376.84,losses occurring in pre-

vious years)

$ 1,595,852 24

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $25,429.44, and all

amounts actually received for reinsur-

ances in other companies, $283,608.08;

total deductions

30y,037 52

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.: Rents, adver-

tising and printing, legal, repairs to real estate, agency

balances, loss on maturity of securities and other ex-

penses

1,286,814 72 100,000 00 537,872 5S 214,044 27 70,267 19
260,388 26

Aggregate amount of actual expenditures during

the year in cash

$ 2,469,387 02

Business in the State of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fire Risks. 2,728,293 38
38,363 61 18,848 35 15,575 27

COMPTROLLER-GENERAL'S REPORT.

79

HARTFORD FIRE INSURANCE COMPANY OF HARTFORD, CONN.

GBOBGE L. CHASE, President.

P. C. ROYCE, Secretary.

Principal Office, 53 Trumbull Street, Hartford, Conn.

THOMAS EGLESTON, Atlanta, Attorney for Service in Georgia.

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

$ 1,250,000 00 $ 1,250,000 00 1,250,000 00

II.--ASSETS.

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

the amount of incumbrances thereon)

$ 940,500 00

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

first liens on the fee simple)

731,369 00

3. Interest due on all said bond and mortgage loans, $2,931.85;

interest accrued thereon, $6,842.38 ; total

9,774 23

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

absolutely by the company carried out at market value 10,183,874 85

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

securities (except mortgages)

4,800 00

12. Cash in company's principal office

$ 35,991 71

13. Cash belonging to the company deposited

in bank

443,082 79

Total cash items 16 Interest due and accrued on collateral loans and uncol-
lected 17. Cash in hands of agents and in course of transmission .. .
All other assets, both real and personal, viz.: Rents due and accrued, $1,933.19; due from other companies for reinsurance on losses already paid, $16,687.86; printing
plant, 26,590.93

479,074 50
4772
2,145,300 00
45'211 98

Total assets of the company, actual cash market

value

14,542,952 28

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

869,270 43 85,552 S9

4. Total gross amount of claims for losses

954,822 82

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, $7,560,393 89; unearned

premiums (fifty per cent.)

f 8,780,196 95

954,822 82

80

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums without any deduction, received and receivable upon all unexpired Are risks running more than one year from date of policy, $8,357,730.66; unearned premiums (pro rata)

4,273,345 64

11. Total unearned -premiums as computed above (carried out)$ 8,053,542 59 19. All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz.: Commission due or to become due to agents, $167,103.20; return premiums, $179,686.80; total 346,790 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

9,355,155 41 1,250,000 00 3,937,796 87

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$14,542,952 28

IV.--INCOME DURING ME YEAR.

On Fire Risks. 7. Entire premiums collected during the

year

$ 12,435,278 48

8. Deduct reinsurance and return premiums. . 2,361,487 77

9. Net cash actually received for premiums (carried out).. .$ 10,073,790 71

10. Received for interest on bonds and mortgages

37,272 95

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

collateral loans, and from all other sources

380,445 63

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

if any, in value of securities, viz.: Rents, 18,755.14;

profit of sale of ledger assets, $12,950.00; agents' bal-

ances previously marked off, $112.26; total

31,817 40

15. Aggregate amount of income actually received during

the year in cash

$ 10,523,326 69

V.--EXPENDITURES DURING THE YEAR.

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

cluding $753,294 83,) losses occurring in

previous years)

$ 5,417,740 66

2. Deduct all amounts actually received for

reinsurances in other companies ........ 349,616 63

3. Net amount paid during the year for losses

$ 5,168,024 03

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

437,500 00

6. Paid for commissions or brokerage

1,821,175 69

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

clerks, agents and all other employees

699,589 66

COMPTROLLER-GENERAL'S REPORT,

81

8. Paid for State, national and local taxes in this and other
States 9. All other payments and expenditures, viz.: General ex-
penses, $706,275.83; paid reinsurance companies under treaty, $42,252.30; profit and loss, $52,590.84; total

301,990 17 801,118 97

Aggregate amount of actual expenditures during

the year in cash

9,129,498 52

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

Risks written

$11,143,745 00

Premiums received (gross) Losses paid

210,945 11 90>5U 32

Losses incurred

83,875 25

HOME INSURANCE COMPANY OF NEW YORK.

JOHN H. WASHBURN, Presi.d, ent.

ARENNAH WILLIAM

HM. .

BURTIS, CHENEY,

]) sapepcrrpettqarri;Peos.

Principal office, 56 Cedar Street, New York City.

JOHN W. PEARCE, Atlanta, 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 3,000,000 00

II.--ASSETS.

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

the amount of incumbrances thereon)

$ 1,593,892 06

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

first liens on the fee simple)



91>200 00

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

interest accrued thereon

1,971 50

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements. .$ 122,350 00

5. Value of buildings mortgaged

105,950 00

6 Total value of said mortgaged premises

(carried inside)

228,300 00

9 Total par and market value of stocks and bonds owned

absolutely by the company carried out at market value 14,177,010 00

13 Cash belonging to the company deposited in American

Exchange National Bank, $466,363.60; Hanover Na-

tional Bank, $235,360.94; Continental Trust Co., $172,-

039.36; Colonial Trust Co., $200,000; Van Norden Trust

Co., $100,000; total

$1,173,763 M

. Amount of premium notes upon which policies have been

^

. Cash in hands of agents and in course of transmission .... 1,002,436 40

Total assets of the company, actual cash market

val, ue

$ 18,040,793 99

82

COMPTROLLER-GENERAL'S REPORT.

III.--LIABILITIES.

Gross Josses in process of adjustment or in

suspense, including all reported and sup-

posed losses

$ 1,702,957 74

Losses resisted, including interest, costs

and other expenses thereon

52,819 37

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

1,755,777 11 776,705 46

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, $5,256,205; 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, $3,783,629; unearned

premiums (pro rata)

9 Gross premiums without any deduction (in-

cluding both cash and bills) received and

receivable upon all unexpired inland navi-

gation and marine risks

10 Gross premiums without any deduction, re-

ceived and receivable on all unexpired

marine risks

$ 2,628,103 00 ,147,236 00
240,401 00 55,680 00

979,071 65

11. Total unearned premiums as computed above (carried out) 17. Due and accrued for salaries, rent, advertising and for
agency and other miscellaneous expenses: Reserve for taxes 19. All other demands against the company, absolute and contingent, due and to become due, admitted and contested, viz.: Commissions and brokerage, $83,149.56; reinsurance premiums, $731,208.29 ; total

6,587,613 00 S5,000 00 814,357 85

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

8,466,042 50 3,000,000 00 6,574 751 49

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 18,040,793 99

Amount of unearned premiums repre-

sented by installment notes--being the

whole amount of such notes

$ 1,151,847 56

i^HBHHi^Hmmn

COMPTROLLER-GENERAL'S REPORT

83

IV.--INCOME DURING THE YEAR.

1. Gross premiums and bills in course of collection at close of last previous year i

On Fire Riski. 248,400 74

On Marine and nland Risks.
$ 142,367 52

3. Net collected

248,400 74

4. Gross premiums on risks

written and renewed dur-

ing the year

11,911,865 48

142,367 52 540,467 76

5. Total

12,160,266 22

6. Deduct premiums and bills in

course of collection at this

date

294,329 30

682,835 28 144,174 05

7. Entire premiums collected

during the year

11,865,936 92

8. Deduct reinsurance and re-

turn premiums

4,098,106 57

538,661 23 278,106 66

9. Net cash actually received for premiums (carried out)J 7,767,830 35 $ 260,554 57 $ 8,028,384 92

10. Received for interest on bonds and mortgages

6,159 29

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

collateral loans and from all other sources

534,489 94

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

crease, if any, in value of securities, viz.: Rents, $168,-

400.33; profit on sale or maturity of assets, $52,504;

profit and loss account, 86,212.71; total

227'117 04

15. Aggregate amount of income actually received during

the year in cash

8,796,151 19

V.--EXPENDITURES DURING THE YEAR

On Fire Risks.

On Marine and Inlanu Risks.

1. Gross amount actually paid

for losses (including $987,-

703-21, losses occurring in

previous years )

$ 5,217,145 35 $ 349,854 12

2. Deduct all amounts actually

received for salvages

(whether on losses of the

last or of previous years)

$76,515.84, and all amounts

actually received for rein-

(

surances in other com-

panies, $1,709,264.08; total

deductions

1,626,717 12

159,062 76

3. Net amount paid during the

year for losses

$ 3,590,428 23 190,791 36 $3,781,219 59

84

COMPTROLLER-GENERAL'S REPORT.

4. Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year) $
6. Paid for commissions or brokerage 7. Paid for salaries, fees and other charges of officers, clerks,
agents, and all other employees 8. Paid for State, national and local taxes in this and other
States 9. All other payments and expenditures, viz.: Traveling
expenses, $91,957.73; repairs and expenses on real estate, $39,926.86; advertising, $49,614.02; stationery and printing, $52,500.39; postage, $47,822.12 ; telegrams, $7,167.04; express, $13,736.91; exchange, $7,198.72 ; legal expenses. $3,213.14; incidentals. $258,939.62; loss on sale or maturity of assets, $11,500; rents, $72,100.80; profit and loss, $32,090.28 ; total

420,000 00 1,496,944 33
484,480 20 211,913 29
687,767 63

Aggregate amount of actual expenditures during

the year in cash

$ 7,082,325 04

Business in the Stale of Georgia during the Year. Fire R'sks.

Risks written

$14,950,268 00

Premiums received (gross)

190,921 01

Losses paid

88,241 37

Losses incurred

96,989 34

INSURANCE COMPANY OF NORTH AMERICA OP PHILADELPHIA, PA.

_,

_

,, .,

CHARLES PLATT, President.

GREVILLE E. FRYER,( T HOUARD WRIGHT, f

& 0,,ecre. tan. es-

Principal Office, 232 Walnut Street, Philadelphia, Pa.

E. S. GAY, Atlanta, Attorney for Service, in Georgia.

i.--CAPITAL STOCK.

1. Amount of capital paid up in cash...$3,000,000 00

Amount of ledger assets (as per balance) Decem-

ber 31, of previous year

$10,326,645 63

Extended at

$10,326,645 63

II.--INCOME.

Fire.

1. (Iross premiums

$6,314,116 55

2. Deduct reinsurance, rebate,

abatement and return pre-

miums

1,320,081 75

Marine and Inland.
2,16i>,738 29
347,538 66

3. Total premiums (other than per-

petuals)

4,994,034 80 1,S19,199 63 $6,813 234 43

4. Deposit premiums written on perpetual risks (gross)

24,077 46

COMPTROLLER-GENERAL'S REPORT.

85

5. Interest on mortgage loans

$

6. Interest on collateral loans



7. Interest on bonds and dividend3 on stocks...

8. Interest from all other sources



9. Gross rents from company's property, includ-

ing $11,000 for company's own occupancy..

55,733 82 27,873 75 269,075 94 19,070 81
37,973 09

10. Total interest andrents

11. 12.

Profit on sale or maturity of ledger assets From all other sources, viz.: Perpetual permits-

transfer

fees and earned deposits

Dividends from bad debts previously charged off, etc

409,727 41 7,796 80
2,083 05 794 31

13. Total income

.$ 7,257,713 46

III.--DISBURSEMENTS.

Fire.

Marine and mland.

1. Gross amount paid for losses...$ 2,838,775 79 $ 1,628,224 05

2. Deduct amount received for sal-

vage, $147,110.60, and for re-

insurance in other companies,

$461,464.47 ,

.... 349,273 09

259,301 98

3. Net amount paid for losses 4. Deposit premiums returned

2,489,502 70 1,363,922 07 13,858,424 77 22,152 57

5. Paid stockholders for interest or dividends (amount declared during the year, $360,000)

360,016 80

8. Commissions or brokerage

" 1,358,875 59

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

and other employees 10 Rents, including $11,000 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... Loss on sale or maturity of ledger assets
15 All other disbursements, viz.: Advertising, printin and

stationery

Legal expenses

Miscellaneous Reduction in book value of sundry investments

Bad debts charged off

419,242 01 31,631 12 13,512 46 9,610 71 144,432 8 25,399 59
40,537 83 6,467 96 202,959 49 35,442 34
455 83

16. Total disbursements .

6,529,161 96

IV.--LEDGER ASSETS.

] Book value of real estate, unincumbered

*

2. Mortgage loans on real estate: First liens, $962,6o8.04; other

602>180 ^^ ^

4. Book value of bonds, excluding interest, $6,120,149.32, and 6,698,849 32
stocks, $572,700.

COMPTROLLER-GENERAL'S REPORT.

5. Cash in company's principal office

...$ 3,049 67

Cash belonging to the company deposited in

bank: Philadelphia National Bank, Phil-

adelphia, $269,875.72; Girard National

Bank, Philadelphia, $121,933.80; Bank of

North America, Philadelphia, $20,898.82;

Fidelity Trust Company, Philadelphia,

$282,789.51; Drexel & Co., Philadelphia,

$10,208.67; First National Bank, Erie, Pa.,

$16,896.46; Merchants' National Bank,

New York City, $38,368.68; Bank of Mon-

treal, Montreal, Canada, $25,870.10; Bank

of Montreal, St. John, N. B., $4,702.15;

Bank of Montreal, Halifax, N. 8., $8,801.29;

Brown, Shipley & Co., London, England,

$135,434 ; London and Westminster Bank,

London, England, $80,761.46; Bank of

Liverpool, Liverpool, England, $30,767.10;

Wiener Bank-Verein, Vienna, Austria,

$29,207.20; Banque de Credit Commer-

ciale, Antwerp, Belgium, $10,830.55 ; total.. 1,080,345 51

Total cash items

$ 1,083,395 18

6. Agents' balances representing business written subsequent

to October 1,1903

930,361 61

7. Agents' balances representing business written prior to

October 1, 1903

30,375 09

8. Bills receivable, not matured, taken for marine and inland

risks

35,628 97

10. Other ledger assets, viz. : Book accounts due company

1,040 59

Reinsurance claims on losses paid (marine)

2,628 33

11. Total ledger assets

11,055,197 13

XOX-LEDGER ASSETS.
12. Interestdue, $l,580.93,and accrued, $5,171.40,on mortgages.. 19. Market value of bonds and stocks over book value

6,752 33 228,452 28

21. Gross assets

11,290,401 74

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business writ-

ten prior to October 1, 1903

$

6. Loans on personal security, indorsed or not.

30,375 09 45 00

8- Ttal

30,420 09

9. Total admitted assets

$11,259,981 65

COMPTROLLER-GENERAL'S REPORT.

87

V.--LIABILITIES.

Fire.

Marine and Inland.

Gross losses adjusted and unpaid,

due and to become due

$ 130,511 37 $.

Gross claims for losses in proc-

ess of adjustment or in sus-

pense, including all reported

and supposed losses

309,325 21

Gross claims for losses resisted. 46,888 42

344,000 00

Total

$ 486,725 00 $

Deduct reinsurance due or ac-

crued, $47,725, and salvage

claims, $85,000

47,725 00

344,000 00 85,000 00

Net amount of unpaid losses and

claims

* 439,000 000 $ 259,000 00 $ 698,000 00

Gross premiums (less reinsurance) received

and receivable upon all unexpired fire

risks running one year or less from date of

policy, $3,390,393.33; unearned premiums

(fifty Percent.)

* 1.695,196 66

Gross premiums received and receivable upon

all unexpired fire risks running more than

one year from date of policy, $4,330,877.07;

unearned premiums (pro rata)

2,247,292 32

Gross premiums (cash and bills) received"

and receivable upon all unexpired in-

land navigation risks, $ ; unearned

premiums (100 per cent.)

}-

10. Gross premiums (cash and bills) received

and receivable upon all unexpired ma-

364,472 00

rine risks, $ ; unearned premiums

(100 per cent.)

12, Total unearned premiums as computed above 13 Amount reclaimable by the insured on perpetual fire insur-
ance policies, being 90 and 95 per cent, of the premium

or deposit received

18, Cash dividends remaining unpaid to stockholders 19. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued



"'"

I'O. Commissions, brokerage and other charges due or to become due to agents and brokers

Reinsurance premiums

_

4,306,960 98
770,947 17 43 20 227 63
40,000 00 21,812 34

24. Total amount of all liabilities except capital

"" "V^

25. Capital actually paid up in cash

$ 8,000,000 00

26. Surplus over all liabilities

2,4.J,JJU *

27. Surplus as regards policy-holders

5,837,991 32 5,421,990 33

28. Total liabilities

11,259,981 65

88

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the Year.

Risks written Premiums received Losses paid Losses incurred

Marine and Fire Kisks. Inland Risks. Aggregate.
$ 7,996,894 00 $19,792,646 00 $27,789,540 00 166,032 90 94,227 53 260,260 43 72,499 04 32,865 22 105,364 26
72,165 70 32,900 00 105,065 70

LAW UNION AND CROWN EIRE INSURANCE COMPANY OP LONDON.

HALL &HBNSHAW, U. S. Managers. Principal Office in United States, 35 Pine St., New York. J. S. DANIBLL, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock, statutory deposit

.$ 200,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned absolutely by the company carried outat market value. $
13. Cash belonging to the company deposited in banks : Union Trust Company, New York, $13,665.54; Anglo-California Bank, San Francisco, $12,414; total
15. Interest due and accrued on stocks 7. Cash in hands of agents and in course of transmission, agents' balances

Total assets of the company, actual cash market

value

.$

757,702 50
26,079 86 8,181 19 62,238 33
854,201 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

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

6. Net amount of unpaid losses.

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are riski running one year or less from

date of policy, $317,169.46; unearned

premiums (fifty per cent)

$

8,364 23
13,379 29 11,381 25 33,124 77 3,473 50
.$
158,584 73

29,651 27

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums, without any deduction, received and receivable upon all unexpired fire risks running more than one year from date of policy, 1148,069.10; unearned premiums (pro rata)

75,666 51

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.: Returned premiums, $1,006; reinsurance,

$6,606.77



20. Total amount of all liabilities, except capital stock, scrip and net surplus
23. Surplus beyond capital and other liabilities

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$

234,251 24
7,612 77 271,515 28 582,686 60 854,201 88

IV.-- INCOME DURING THE YEAR.

4. Gross premiums on risks written and re-

newed during the year

$

8. Deduct reinsurance and return premiums

On Fire Risks.
536,855 29 lh7,054 64

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.: Profit on sale
United States bonds 14. Remittances from home office during the year.

15 Aggregate amount of income actually received during the

year in cash

*

369,800 65 19,659 24
3<^ 00 168,553 27
561,473 16

V.--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (in-

cluding $22,669.29, losses occurring in pre-

vious years)

*

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $1,212.60, and all

amounts actually received for reinsur-

ances in other companies, $23,222.42;

total deductions

On Fire Risks.
195.150 13
24,43o 02

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year), cash

to h, ome of,,f,ice ,

.

6. Paid for commissions or brokerage

170,715 11 73,' 516 06 iw>

I

90

COMPTROLLER-SEVERAL'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.: Rent, board,

traveling, printing, postage, telegrams, office expenses,

etc

Aggregate amount of actual expenditures during

the year in cash

$

8,936 3 9,942 61
11,819 29 375,717 22

Business in the St ite of Georgia during the Year.

Risks written

,

$

Premiums received (gross)

Losses paid

Losses incurred

Fire Risks. 60,968 00 867 70 14 48 14 48

LIVERPOOL AND LONDON AND GLOBE FIRE INSURANCE COMPANY, OF ENGLAND.

CLAREXCE F. LOWE, Resident Secretary. Principal Office, 45 William Street, New York. B. H. ABRIMS, Attorney for Service in Georgia.

I.--CAPITAL, STOCK.

1. Amount of statutory deposit..! 200,000 00

Amount of ledger assets (as per bal-

ance), December 31, of previous year... .$ 10,881,301 27

Extended at

$ 10,881,301 27

II.--ASSETS.

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

the amount of incumbrances thereon)

$ 1,866,013 00

4. Value of landsmortgaged,exclusive of build-

ings and perishable improvements

$ 3,085,250 00

5. Value of buildings mortgaged.

3,084,953 00

6. Total value of said mortgaged premises

(carried inside)

.$ 6,170,203 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

12. Cash in company's principal office

$

8,580 42

13. Cash belonging to the company deposited

in bank

1,30S,552 92

3,498,750 00 3,767,406 25

Total cash items

1,317,133 34

COMPTROLLER-GENERAL'S REPORT.

91

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

collected

..

$ ' 55-623 95

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

inland risks

1,549,648 94

Perpetual policy premiums

2,303 02

Total assets of the company, actual cash market

value

$ 12,056,918 50

III.--LIABILITIES.

Gross losses adjusted and unpaid (not yet

due)

$

Gross claims for losses in process of adjust-

ment or in suspense, including all report-

ed and supposed losses

Gross claims for losses resisted

24 10
1,123,772 43 57,250 00

Total 5. Deduct reinsurance due or accrued.

1,181,046 53 429,835 89

6. Net amount of unpaid losses and claims 7. Gross premiums (less reinsurance) re-
ceived and receivable upon a!l unexpired Are risks, running one year or less from date of policy, including interest premiums on perpetual Are risks, $5,010,282.40; unearned premiums (Afty per cent.)$
8. Gross premiums (less reinsurance) received and receivable upon all unexpired Are risks, running more than one year from date of policy, $5,163,783.65; unearned premiums (pro rata)

$ 2,505,141 20 2,769,296 94

751,210 64

12. Total unearned premiums as computed above

13. Amount reclaimable by the insured on perpetual Are in-

surance policies, being 95 per cent, of the premium or

deposit received 14. Net premium reserve and all other liabilities, except

capital, under the life insurance or any other special

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

come due to agents and brokers

21. Return premiums, ,$60,000; reinsurance premiums,

$227,122.53

:: v :,.:;

23. All other liabilities, viz. : Reserve for liabilities, con-

tingent but not apparent,

5,274,438 14
278,323 80
59,720 76 225,560 28 287,122 53
20,000 00

24. Total amount of all liabilities except capital. 27. Surplus as regards policy holders

. 6,896,376 15 . 5,160,542 35

28. Total liabilities.

.$ 12,056,918 50

92

COMPTROLLER-GENERAL'S REPORT.

IV.--INCOME DURING THE YEAR.

On Fire Risks.
4. Gross premiums written and renewed dur-

ing the year

$ 10,552,180 75

2. Deduct reinsurance, rebate, abatement and

return premiums

3,694,627 01

3. Total premiums (other than perpetuals)

$ 6,857,553 74

4. Deposit premiums written on perpetual risks (gross)

4,329 02

5. Interest on mortgage loans

$ 130,140 64

7. Interest on bonds and dividends on stocks. 130,41 33

8. Interest from all other sources

25,099 71

9. Gross rent from company's property, in-

cluding $43,254.50 for company's own oc-

cupancy

96,441 68

10. Total interest and rents 11. Profit on sale or maturity of ledger assets 12. From all other sources: Life income, $1,391.38; received
from home office $5,817.58

382,100 36 35,380 80
7,208 94

13. Total income

$ 7,286,572 86

V.--EXPENDITURES DURING THE YEAR.

On FireRisk^.
1. Gross amount paid for losses (including

$598,333.23, occurring in previous years $ 4,328,561) 08

2. Deduct amount received for salvage, $71,-

854.39, and for reinsurance in other com-

panies, $779,896.59

851,750 98

3. Net amount paid for losses

$ 3,476,815 10

4. Deposit premiums returned

17,472 82

8. Commissions on brokerage

.

1,129,375 76

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

agents and other employees 10. Rents, including $43,254.50 for company's own occupancy.

377,131 05 57,757 86

12. Taxes on real estate

30,880 17

13. All other taxes, license and insurance department fees. . 143,329 57

14. Loss on sale or maturity of ledger assets

8,611 45

15. All other disbursements: Life expenditure, $10,630.66;

remitted to home office, $619,593.85; all other disburse-

ments, $377,150.25

1,007,374 76

16. Total disbursements

$ 6,249,248 54

Business in the State of Georgia during the Year.

FireRUks.

Risks written

$ 11,250,858 00

Premiums received (gross)

170,630 11

Losses paid

87,311 28

Losses incurred

88,853 28

COMPTROLLER-GENERAL'S REPORT.

93

LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF NEW YORK.

HENRY W. EATON, President.

GEORGE W. HOYT, Secretary.

Principal Office, 45 William Street, New York.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 200,000 00

Amount of ledger assets (as per balance),

December 31, of previous year

$

Extended at

465,603 06 *

465,603 06

II.--INCOME.

1. Gross premiums written or renewed during

the year

$

2. Deduct reinsurance, rebate, abatement and

return premiums

3. Total premiums (other than perpetuals) 7. Interest on bonds and dividends on stocks. . $ 8. Interest from all other sources

10. Total interest and rents

13. Total income

Fire.
372,144 06
172,189 35 $
13,548 00 740 19

199,954 71
14,288 19 214,242 90

III.--DISBURSEMENTS.

Fire.

1. Gross amount paid for losses (including $26,221.71 occurring in previous years). .$ 132,769 91

2. Deduct amount received for salvage, $343.43;

and for reinsurance in other companies,

$46,938.79

_ 47,282 22

3. Net amount paid for losses

$

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

clared during the year)
8. Commissions on brokerage 9. Salaries, fees and all other charges of officers, clerks,

agents and other employees 13 All other taxes, licenses and insurance department fees. .
15 All other disbursements: Advertising, $674.26; printing and stationery, $539.61; board of underwriters, $1,-9^)0;

fire departments, $1,658.55; surveyors, $577.34; office expenses, etc., $131.01; postage expenses and telegrams, $876.11 ; traveling, $239.48; legal expenses, $182.69. . . .

16. Total disbursements

.$

85,487 69 9,825 00 36,429 38 4,785 50 6,880 82
6,176 55 149,584 94

94

COMPTROLLER-GENERAL'S REPORT.

IV.---LEDGER ASSETS.

4. Book value of bonds, excluding interest, $318,142.23; and

stocks, $94,837.50

$

5. Cash in company's office, deposited in bank.

6. Agents' balances representing business written subsequent

to October 1, 1903

7. Agents' balances representing business written prior to

October 1, 1903

11. Total ledger assets

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business

written prior to October 1, 1903

$

7. Depreciation from book value of ledger as-

sets to bring same to market value

441 20 21,048 48

Total

9. Total admitted assets

$

-LIABILITIES.

2. Gross clai :is for losses in process of adjust-

ment, or in suspense, including all re-

ported and supposed losses

$

3. Gross claims for losses resisted

28,620 00 2,000 00

Total Deduct reinsurance due or accrued.

30,620 00 6,712 00

Net amount of unpaid losses and claims Gross premiums (less reinsurance) receiv-
ed and receivable upon all unexpired Are risks, running one year or less from date of policy, including interest premiums on perpetual lire risks, $165,786.24; unearned premiums (fifty per cent.). .. .$ Gross premiums (less reinsurance) received and receivable upon all unexpired fire risks, running more than one year from date of policy, $104,716.12; unearned premiums (pro rata)

$ 82,893 12 56,018 28

32. Total unearned premiums as computed above 20, Commissions, brokerage and other charges due or to be-
come due to agents and brokers Due and to become due for borrowed money

24. Total amount of all liabilities except capital

25. Capital actually paid up in cash

$

26. Surplus over all liabilities

200,000 00 132,812 01

Surplus as regards policy-holders

28. Total liabilities

$

412,979 73 57,046 51 59,793 58
441 20 530,2(51 02
21,489 68 508,771 34
23.90S 00
138,911 40 4,109 93 9,000 00
175,929 33 332,842 01 508,771 34

COMPTROLLER-GENERAL'S REPORT.

95

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

Risks written

$ 506,635 00

Premiums received Losses paid Losses incurred

12,894 99



3,078 84

2,298 84

LONDON ASSURANCE CORPORATION, LONDON, ENGLAND.

HENRY J. B. KENDALL, Governor.

CHARLES L. CASE, U. S. Manager.

Principal Office in U. S., 44 Pine Street, New York, N. Y.

W. F. MAXRY, Atlanta, AttDrney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of deposit capital stock

$ 510,000 00

II.--ASSETS.

9. Total par and market value of stocks and bonds owned absolutely by the company carried out at market value$ 2,133,063 75

12. Cash in company's principal office

I

13. Cash belonging to the company deposited

2,187 90

in bank

286,350 14

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. ..
All other assets, both real and personal, viz.: Due from other companies for reinsurances on losses already
paid

288,538 04 6>1S6 "
300,796 10
38,058 10

Total assets of the company, actual cash market

value

* 2,766,642 98

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

18,964 00
145>163 00 16,977 00

4. Total gross amount of claims for losses.... 181,104 00

5. Deduct reinsurance thereon

^ 27,519 00

6. Net amount of unpaid losses

7. (iross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $992,460.50 ; unearned

premiums (fifty per cent.)

$

496,230 25

*>uuu

96

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums, without any deduction, received and receivable upon all unexpired Are risks running more than one year from date of policy, f 1,276,513.52; unearned premiums (pro rata)
9. Gross premiums without any deduction (including both cash and bills) received and receivable upon all unexpired inland navigation and marine risks, $19,513.74 (fifty per cent.)
10. Gross premiums without any deduction, received and receivable on all unexpired marine risks, $62,776.63 (eighty-five per cent.)

663,885 52 9,756 87 53,375 63

11. Total unearned premiums as computed above (carried out)$ 17 Due and accrued for salaries, rent, advertising and for
agency and other miscellaneous expenses All other demands against the company, absolute and
contingent, due and to become due, admitted and contested, viz: Commissions $27,046.77; return premiums $12.91; reinsurances, $50 418 OS; total

1,223,248 27 16,601 57
77,477 79

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

1,470,882 63
510,000 00 785,760 35

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,766,642 98

IV. -IKCOME DURING THE YEAR.

On Fire Risks.

On Ma-np aid Iinand 11 skri.

Gross premiums and bills in

course of collection at

close of last previous year,

as shown by that year's

statement

$ 255,451 47 $ 64,590

Net collected Gross premiums on risks
written and renewed during the year

255,45147 1,903,503 40

64,590 18 906,306 41

Total Deduct premiums and bills in
course of collection at this date

2,158,954 87 220,226 05

970,896 62 80,570 05

Entire premiums collected during the year
Deduct reinsurance and return premiums

1,938,728 82 497,883 31

890,326 57 490,970 67

COMPTROLLER-GENERAL'S REPORT.

97

9. Net cash actually received

for premiums (carried out)$ 1,440,845 51 $ 393,355 90 $ 1,834,201 41

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

collateral loans, and from all other sources

87,863 99

14. Amount of remittances from home office

during the year

$

5,944 70

15. Aggregate amount of income actually received during the

year in cash

$ 1,922,065 40

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks 1. Gross amount actually paid

On Marine and inland Risks.

for losses (including $125,-

612.67, losses occurring in

previous years)

' .$ 808,339 20 $ 519,911 97

2. Deduct all amounts actually

received for salvages

(whether on losses of the

last or of previous year),

$41,913.23, and all amounts

actually received for rein-

surances in other com-

panies, $407,121.71; total

deductions

135,154 91 313,880 03

Net amount paid during the

year for losses

673,184 29 206,001 94

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

All other payments and expenditures, viz.: Rents, $14,-

724.91; advertising, $2,813.95; traveling, $22,119.20;

maps, $4,544.21; furniture, $479.92; legal expenses,

$90.92; printing and stationery, |9,860.33; miscellane-

ous, $6:!, 166.38; postage, telegrams and expenses, $13,-

319.71; total

879,246 23 343,897 87 111,865 12
58,927 62
131,ll! 53

10. Amount sent to home offices during the year $ 328,194 51

Aggregate amount of actual expenditures during

the year in cash

$ 1,525,056

Business in the State of Georgia Auriwj tin Year.

Fire Risk?.

Marine and Inland Ui.-ks.

Risks written Premiums received (gross)

$650,768 00 $416,007 00

12,253 69

857 36

Losses paid

3,213 07

Losses incurred

3,113 07

7 in

Aggregate.
11,066,775 00 13,111 05 3,213 07 3,113 07

98

COMPTROLLER-GENERAL'S REPORT.

LONDON & LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL, ENGLAND.

ARCHIBALD G. MCILWAINE, Jr., Manager. Principal Office for United States, 57-59 William St., New York.
FRED 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 1,882,589 50

12. Cash in company's principal office

$ 15,727 32

13. Cash belonging to the company deposited

in bank

161,656 79

Cash in hands of United States trustees.... 75,000 00

Total cash items

252,384 11

15. Interest due and accrued on stocks not included in

"marketvalue" uncollected, $26,172.50; on other assets,

$2,669.79

28,842 29

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

$366,445.35 ; less commissions, $71,996.57

294,448 78-

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

inland risks

2,326 81

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

and accrued, $1,645.04; due from other companies for

reinsurance on losses already paid, $8,746.01

10,391 05

Balance due from other companies

24,162 73

Amount of premiums unpaid on policies which have been

issued more than three months

.

6,367 11

Total assets of the company, actual cash market _

value

S 2,795,145 27

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

18,638 00
95,019 91 22,437 22

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

136,095 13 19,816 11

6. Net amount of unpaid losses

$ H6 279 0?

11. Total unearned premiums as computed above (carried out) 1,647,065 51

19. All other demands against the company, absolute and

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

COMPTROLLER-GENERAL'S REPORT.

99

tested, viz.: Unpaid return premiums, $1,943.65: unpaid reinsurance, $32,338.42; less commissions, $6,476.60 $ 27,805 47

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

and net surplus

1,791,150 00

23. Surplus beyond capital and all other liabilities

1,003,995 27

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,795,145 27

IT.--INCOME DURING THE YEAB.

On Fire Risks.

Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 375,399 70

Net collected

375,399 70

Gross premiums on risks written and re-

newed during the year

2,769,461 23

Totai

3,144,860 93

Deduct premiums and bills in course of col-

lection at this date

375,139 27

7. Entire premiums collected during the year 2,769,721 66 8. Deduct reinsurance and return premiums. . 862,997 44

9. Net cash actually received for premiums (carried out) $ 1,906,724 22

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

68,949 05

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

2,745 00

15. Aggregate amount of income actually received during

the year in cash

$ 1,978,418 27

V.--EXPENDITURES DURING THE YEAR.

Gross amount actually paid for losses (in-

cluding $119,265.26, losses occurring in

previous years) :

'

$

Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $6,750.26, and all

amounts actually received for reinsur-

ances in other companies, $197,040.65;

total deductions

On Fire Risks.
1,057,0o7 48
203,790 91

Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year) $
Paid for commissions or brokerage Paid for salaries, fees and other charges of officers, clerks,
agents, and all other employees Paid for State, national and local taxes in this and other

States

853,266 57 381,294 70
143,086 23
54,427 63

100

COMPTROLLER-GENERAL'S REPORT.

9. All other payments and expenditures, viz.: Rents, $22,-

485.22; advertising, printing and stationery, $13,95344;

furniture and fixtures, $2,277.33; miscellaneous, $85,-

575.19

$

10. Amount sent to home offices during the year, $258,713.90

124,291 18

Aggregate amount of actual expenditures during

the year in cash

$ 1,556,366 31

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

$ 3,029,513 00

Premiums received (gross)

40,415 17

Losses paid

9,464 09

Losses incurred

9,747 09

MANCHESTER ASSURANCE COMPANY OF ENGLAND.

GEORGE S. A. YOUNG, U. S. Manager, 49 Wall Street, New York City. JOHN H. RAINE, Atlanta, Attorney for Service in Georgia.

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

$ 10,000,000 00 $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)

8

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

$

987 48

13. Cash belonging to company deposited in

bank: Manhattan Trust Co., New York,

$80,121.35; Bank of America, New York,

$19,998.46; First National Bank, Chicago,

$2,192.90 ; Bank of British North America,

San Francisco, $1,001.94 ; total

S

103,314 65

2,000 00 1,408,260 00

Total cash items 15. Interest due and accrued on stocks not included in
" market value " uncollected IS. Bills receivable, not matured, taken for fire, marine and
inland risks All oilier assets, both real and personal, viz.: Due from
other companies for reinsurance on losses already paid Cross premiums (as written in the policies) in course of
collection on policies written within three months ....

104,302 13 13,454 17
34! 42 07 98
251,865 98

Total assets of the company, actual cash market

value

$ 1,780,291 68

COMPTROLLER-GENERAL'S REPORT.

101

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

25,881 66
69,502 29 22,742 00

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

118,125 95 13,177 05

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, $1,083,516.66; un-

earned premiums (fifty per cent.)

$

8. Gross premiums without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy $963,225.77 ; un-

earned premiums (pro rata)

$ 541,758 33 492,158 58

104,948 90

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, brokerages and other chajges due and to become due to agents and brokers on premiums paid and in course of collection, $46,089.76; reinsurance, $20,780.87 ; total.

1,033,916 91 ^6,850 63

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

and net surplus

1,205,716 44

23. Surplus beyond capital and all other liabilities

_ 574,575 24

94 Aggregate amount of all liabilities, including capital paid

up and net surplus

1,780,291 6S

IV.--IXCOME DCBINK 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

$

2. Deduct amount of same not collected

On Fire Risks.
283,736 49 61 43

3. Net collected 4. Gross premiums on risks written and re-
newed during the year

283,675 06 1,965,231 33

5. Total

~^2~48,906 39

6. Deduct premiums and bills in course of

collection at this date

256,325 96



102

COMPTROLLER-GENERAL'S REPORT.

7. Entire premiums collected during the year 1,992,580 43 8. Deduct reinsurance and return premiums.. 583,846 20

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 offices

during the year

$ 75,556 25

1,403,734 23 56,S30 72

15. Aggregate amount of income actually received during the

year in cash

$ 1,465,564 95

V.--EXPENDITURES Ol'RING THE YEAR.

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

cluding $111,836.25, losses occurring in

previous years)

$ 842,548 91

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous year), $5,272.69 and all

amounts actually received for reinsur-

ance in other companies, $88,371.66; total

deductions

93,644 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.: Rents, $13,-

062.76; postage, $11,855.35; advertising, 1,988.39; local

board, $20,224.59 ; traveling, $28,396.18; maps, $4,074.25;

stationery, $7,676.15; legal, $712.35 ; sundries, $13,581.47 ;

total

10. Amount sent to home offices during the year$ 245,481 55

743,904 56 291,813 08 110,069 62 41,892 34
101,571 49

Aggregate amount of actual expenditures during

the year in cash

$ 1,294,251 09

Business in the Stale of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fire Risks.
1,848,441 00
31,735 11 13 117 79
XI 097 59

COMPTROLLER-GENERAL'S REPORT.

103

MERCANTILE FIRE INSURANCE COMPANY OF PROVIDENCE, RHODE ISLAND.

HESRY T. GKANT,President.

ALFRED IT. EADY, Secretary^

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, bonds and all other securi-

ties (except mortgages)

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

dustrial Trust Co 15. Interestdue 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 course of transmission



161,250 00 5>00 0
20>430 32 1,979 17 /146 7>562 46

Total assets of the company, actual cash market

value

$

Contingent liability of policy-holders

]?6^341 958,772 50

Total cost assets and contingent liability

$ 1,155,175 91

III.--LIABILITIES.

2. Gross losses in process of adjustment or in suspense, in-

cluding all reported and supposed loans

$

7. Gross premiums without any deduction, received and re-

ceivable upon all unexpired Are risks running one year

or less from date of policy, $191,754.50; unearned pre-

miums (fifty per cent.) 19. All other demands against the company, absolute and con-

tingent, due and to become due, admitted and contest-

ed, viz.: 1904 taxes

10,360 91 95>877 2o 3'835 09

20 Total amount of all liabilities, except capital stock, scrip
and net surplus Contingent liability of members 23. Surplus beyond capital and all other liabilities

"^,073 25 ll'lj, ,a Hb,6M lb

24. Aggregate amount of all liabilities, including net surplus

and contingent liability

* 1,130,1.5 91

IY---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

$ 3,671 58

3. Net collected

3'671 58

104

COMPTROLLER-GENERAL'S REPORT.

4. Gross premiums on risks written and renewed during the year

206,490 68

5. Total



6. Deduct premiums and bills in course of col-

lection at this date

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

210,162 26
7,562 46 202,599 80 13,555 95

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

189,043 85 6,850 66

15. Aggregate amount of income actually received during

the year in cash

$ 195,894 51

V.--EXPENDITURES DURING THE YEAR.

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

cluding $3,479.24, losses occurring in pre-

vious years)

$ 13,292 63

3. Net amount paid during the year for losses

$

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, viz.: Rent, $1,250.00;

travel, office and incidental expenses, $6,291.41

13,292 63 137,712 33
14,993 73 4,080 46
7,541 41

Aggregate amount of actual expenditures during

the year in cash

$ 177,620 56

Business in the State of Georgia during the Year.

Risks written Premiums received (gross) Losses paid Losses incurred

Fire Risk-.
$ 1,331,935 00 10,206 31 66 04 66 04

COMPTROLLER-GENERAL'S REPORT.

1.05

MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE, WISCONSIN.

WILLIAM L. JONES, President.

OSCAR GRIEBLING, Secretary.

Principal Office, 442 and 444 City Hall Square.

OSSIAN 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)

$

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, $6,-
400.87; interest accrued thereon, $74,163.27 ; total....

'4. Value of lands mortgaged, exclusive of buildings and perishable improvements.$ 2,033,587 00

5. Value of buildings mortgaged (insured for

$819,750 as collateral)

1,256,050 00

48,000 00 1,200,258 39
80,564'.

6. Total value of said mortgaged premises

(carried inside)

* 3,289,637 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

$

5>91 78

13. Cash belonging to the company deposited

in bank: First National Bank, Milwau-

kee,Wis

_ J01'642 76

,,Totaln cashx. i-tiems 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. ...

1,29,,438 ,o
107,234 54 ^ ^ ' '
lhb.du..

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-

posedA ilosses

..

3. Losses resisted, including interest, costs

and other expenses thereon

66,,64 39 ld>18U

106

COMPTROLLER-GENERAL'S REPORT.

'

4. Total gross amount of claims for losses

108,396 66

5. Deduct reinsurance thereon

21,393 86

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, $846,705.20; 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, $1,405,120.10;

unearned premiums (pro rata)

$ 423,352 60 762,350 16

87 002 30

11. Total unearned premiums as computed above (carried out) 19. All other demands against the company, absolute and
co itingent, due and to become due, admitted and con-
tested, viz.: Reserve retained for reinsurance company

1,185,702 76 66,366 74

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

and net surplus

$ 1,339,072 30

21. Joint stock capital actually paid up in cash

200,000 00

23. Surplus beyond capital and all other liabilities

1,387,209 12

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

f 2,926,281 42

IV.--INCOME DURING THE YEAH.

. _

On Fire Risks.

4. Gross premiums on risks written and re-

newed during the year

$ 1,790,736 18

8. Deduct reinsurance and return premiums. 456,799 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, omittingincrease,
if any, in value of securities, viz.: Rents, $4,371; conscience fund, $75; reserve retained for reinsurance company increase, $1,912.93; total..

1,333,936 53 53,883 10 51,641 42
6,358 93

15- Aggregate amount of income actually received during

the year in cash

| 1,445,819 98

V.--EXPENDITURES DURING THE YEAR.

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

cluding $98,094.58,losses occurringin pre-

vious years)

$ 731,271 48

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous years) $3,050.72, and all

COMPTROLLER-GENERAL'S REPORT.

107

amounts actually received for reinsurances in other companies, $138,822.79,
total deductions

141,873 51

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

589,397 9/
80,000 00 322,676 34
95,976 07
49,976 26 99,840 25

Aggregate amount of actual expenditures during

the year in cash

1,237,866 89

Business in the State of Georgia during the Year.
Risks written Premiums received (gross). Losses paid Losses incurred

Fire Risks. 494,137 00
8,530 86 20 47 20 47

NEW HAMPSHIRE FIRE INSURANCE COMPANY, OF MANCHESTER, N. H.

UBERTO C. CROSBY, President.

FRANK W. SAROEANT, Secretary.

Principal Office, 876 Elm Street.

C. L. STONEY, 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 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 bonds and mortgage loans

4. Value of lands mortgaged, exclusive of buildings and perishable improvements .$ 450,07o 00

5. Value of buildings mortgaged (insured for $449,812.50 as collateral) *

729,600 00

6. Tont.aeldjvailnusei-djoef)%said mortgaged premises (car- 11'.i1'7"9',675 00

165,781 62
> !,& uo

.

108

COMPTROLLER-GENERAL'S REPORT.

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

absolutely by the company carried out at market value $ 2,766,682 50

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

securities (except mortgages)

80,000 00

12. Cash in company's principal office

I

576 73

13. Cash belonging to the company deposited in

bank: Amoskeag National, S171,479.44;

Manchester National,.$20,000; Merchants'

National, $20,000; total

.' 211,479 44

Total cash items 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.

212,047 17 171,617 64
11,278 77

Total assets of the company, actual cash market

value

$ 3,S77,846 70

III.--LIABILITIES.

1. Losses adjusted

$

2. (rross claims for losses in process of adjust-

ment, or in suspense, including all re-

ported and supposed losses

3. Losses resisted, including interest, costs and

other expenses thereon

109,347 32
144,427 00 13,259 00

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

267,033 32 36,853 27

6,. Net amount of unpaid losses

$

7. (rross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, 11,223,015.83; unearned

premiums (fifty per cent.)

$ 611,597 92

8. (Jross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy, $1,565,013.16;

unearned premiums (pro rata)

809,908 59

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, $19,536.55; reinsurance

premiums, $13.167.51; total

230,180 05
1,421,416 51 32,704 06

20. Total amount of all liabilities, except capital stock, scrip, and net surplus
21. Joint stock capital actually paid up in cash 2:5 Surplus beyond capital and all other liabilities

] ,GS4,300 62 1,0)0,000 00 1,193,546 08

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 3,877,846 70

COMPTROLLER-GENERAL'S REPORT.

109

IV.--INCOME DUMNG 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

$ 223,377 42

3. "Net collected

223,377 42

4. Gross premiums on risks written and re-

newed during the year

2,040,403 38

5. Total

~2^3,780 80

6. Deduct premiums and bills in course of

collection at this date

245,168 05

7. Entire premiums collected during the year 2,018,612 75 8. Deduct reinsurance and return premiums . 333,807 09

9. Net cash actually received for premiums (carried out).? 1,684,804 76

10. Received for interest on bonds and mortgages

26,319 72

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

113,603 86

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

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

Loss and gain account

_

19,188 99 89 32

15. Aggregate amount of income actually received during

the year in cash

* 1,844,006 65

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount, actually paid for losses (in-

cluding 5109,583.33, losses occurring in

previous years)

* 961,600 39

2. Deduct all amounts actually received for

salvages (whether on Josses of the last or

of previous years), $4,237.06; and all

amounts actually received for reinsu-

rance in other companies, $113,798.56; total deductions

118,035 62

3 Net amount paid during the year for losses

1

4 Cash dividends actually paid stockholders (amount ot 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,

printing, paid associations and miscellaneous

843,564 77 100,000 00 405,811 58
76,073 27 52,480 67 102,699 33

Aggregate amount of actual expenditures during

the year in cash

if 1,580,629 62

'

110

COMPTROLLER-GENERAL'S REPORT.

Business in the State of Georgia during the Year.
Risks written Premiums received (grojs) Losses paid Losses incurred

Fire Risks_
$666,364 00 11,925 35 4,269 90 4,315 99

NATIONAL FIRE INSURANCE COMPANY OF HARTFORD, CONN.

JAMES NICHOLS, President.

B. R. STILLMAN, Secretary.

I

Home Office, 95 Pearl Street, Hartford, Conn.

J. B. KIMBELL, 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),

December 31, 1903

$ 5,727,193 19

Extended at

$ 5,727,193 19

II.--INCOME.

Gross premiums

Fire.
$ 5,765,952 56

Deduct reinsurance, rebate, abatement and

return premiums

1,786,851 11

Total premiums (other than perpetuals)

Interest on mortgage loans

$

Interest on bonds and dividends on stocks . .

Interest from all other sources

Gross rents from company's property

...if, 3,979,101 45 29,625 16 198,255 07 5,992 15 18,273 21

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

252,145 59 192 18

13. Totalincome

.$ 4,231,439 22

III.--DISBURSEMENTS.

Fire. 1. Gross amount paid for losses (including $279,-

725.22 occurring in previous years)

$ 2,634,392 07

2. Deduct amount received for salvage, $8,-

119.04; and for reinsurance in other com-

panies, $605,997.88

614,116 92

3. Net amount paid for losses

'

$ 2,020,275 15

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

clared during the year)

120,000 00

8. Commissions or brokerage

753,339 18

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

agents and other employees

299,885 73

COMPTROLLER-GENERAL'S REPORT.

Ill

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, viz.: Profit and loss, agents'bal-
ances, $1,851.09 ; advertising, field work, and incidental expenses, $165,595.32; office furniture, books and stationery, $34,988.35; traveling, adjustments and miscellaneous, $81,840.84

4,955 81 8,052 69 131,133 86
284,275 60

16. Total disbursements

.$ -3,621,918 02

IV.--LEDGER ASSETS.

1. Book value of real estate, unincumbered

$ 393,650 17

2. Mortgage loans on real estate, first liens

617,715 00

4. Book value of bonds, excluding interest, $3,587,818.30;

and stocks, $1,029,025.08

4,616,843 38

5. Cash in company's office, $1,199.90; deposited in banks,

viz.: Charter Oak National Bank, $197,624.38; State

Bank, $21,570.23 ; Continental National Bank, $55,916.18;

National Bank of Illinois, $5,132.76 ; Union Trust Com-

pany, $20,583.04; New Orleans National Bank, 17,414.84;

State National Bank, $17,338 47 ; total

336,779 80

6. Agents' balances representing business written subse-

quent to October 1, 1903

371,250 57

7. Agents' balances representing business written prior to

October 1, 1903

_

475 47

11. Total ledger assets

$ 6,336,714 39

NON-LEDGER ASSETS.
19. Market value of bonds and stocks over book value

166,384 62

21. Grossassets

'

6,503,099 01

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business

written prior to October 1, 1903

.$

7. Depreciation from book value of ledger as-

sets to bring same to market value, viz.:

Real estate

8. Total. 9. Total admitted assets

475 47

38.794 95

39,270 42

* 6,463,828 59

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 re-

ported and supposed losses

3. Gross claims for losses resisted

_

6. Net amount of unpaid losses and claims

81,924 77
299,895 34 35,298 00
.$

417,118 11

,

112

COMPTROLLER-GENERAL'S REPORT.

7. Gross premiums (less reinsurance) received

and receivable upon all unexpired Are

risks, running one year or less from date

of policy, including interest premiums on

perpetual Are risks, $2,931,819.57; un-

earned premiums (fifty per cent )

$

8. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire

risks, running more than one year from

date of policy, $3,295,952.73; unearned

premiums (pro rata)

11. Excess of original premiums over amount

received for reinsurance, $37,811.66; un-

earned premiums (pro rata)

1,465.909 7!)
1,688,635 93 18,905 83

12. Total unearned premiums as computed above

$ 3 173,451 55

23. All other liabilities, viz.: Reserve fund for contingencies.

50,000 00

24. Total amount of all liabilities, except capital

$ 3,640,569 66

25. Capital actually paid up in cash

$ 1,000,000 00

26. Surplus over all liabilities

1,823,258 93

27. Surplus as regards policy-holders 28. Total liabilities

2,823 258 93 $ 6,463,828 59

Business in Georgia (hiring the Year.

Risks written Premiums received
Losses paid Losses incurred

$
'.'.'.'.'.'.'.'.'.'.

3,225,202 00 37 2^g 03 20,'306 52 1Q 409 Q4

NATIONAL UNION FIRE INSURANCE COMPANY OK PITTSBURli PENNSYLVANIA.

JAMES II. WILLOCK, President.

E. E. COLE, Secretary.

Principal Office, 401 Wood Street, Pittsburg, Pa.

H. Goi I.D BARRETT, Augusta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount.of capital stock authorized.* 1,000,000 00$

2. Amount paid up in cash

750,000 00

750,000 00

II.--ASSETS.

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

the amount of encumbrances thereon)

$

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

first liens on the fee simple!

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

v interest accrued thereon

4 0II0 (l()
291 8'?'M)0 4 779 11

COMPTROLLER-GENERAL'S REPORT.

113

4. Value of lands mortgaged, exclusive of buildings and perishable improvements.$
5. Value of buildings mortgaged (insured for $290,450 as collateral)

222,040 00 376,760 00

6. Total value of said mortgaged premises

(carried inside)

598,800 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

$

4,497 14

13. Cash belonging to the company deposited in

bank : Second National Bank, $41,503.01;

Mellon National Bank, $42,648.08

84,151 09

1,101,130 00 50,000 00

Total cash items 17. Cash in hands of agents and in course of transmission
All other assets, both real and personal, viz.: Brokers' local accounts

88,648 23 92,897 88
_ 1,080 58

Total assets of the company, actual cash market

value

$ 1,634,357 80

III.--LIABILITIES.

1. Losses 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

20,212 63
28,546 84 3,250 00

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

52,009 47 1,208 62

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

fro:n date of policy, $533,744.62; unearn-

ed 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, $351,459.27 ; un-

earned premiums (pro rata)

$ 266,872 31 229,807 94

50,800 85

11. Total unearned premiums as computed above (carried out) 496,680 25

17. Due and accrued for salaries, rent, advertising and for agency and other miscellaneous expenses

1.601 0,5

19. All other demands against the company, absolute and

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

tested, viz. : Reserve for contingencies

_ _ 10,000 00

8 in

114

COMPTROLLER-GENERAL'S REPORT.

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 liabilites

559,082 13 750,000 00 325,275 67

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,634,357 80

IV---INCOME DURIXG 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

$

579 65

3. Net collected.. 4. Gross premiums on risks written and re-
newed during the year

579 65 925,236 27

5. Total 6. Deduct premiums and bills in course of col-
lection at this date

925,815 92 635 73

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

925,180 19 212,022 18

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, $548.75; profit on sale of ledger assets, $1,200 ; bad accounts, etc., collected, $1,209.42

15. Aggregate amount of income actually received during the

year in cash

$

V.-- EXPENDITURES DUKING THE YEAR.

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

cluding $51,119.69, losses occurring in pre-

vious years)

$ 284,671 82

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $950.73; and all

amounts actually received for reinsur-

ances in other companies, $14,833.97;

total deductions

15,784 70

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

713,158 01 15,604 60 50,976 73
2,958 17 782,697 51
268,887 12 162,430 22 44,030 51

COMPTROLLER-GENERAL'S REPORT.

115

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

States

$

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

market value of securities charged off

Home office, general expense, maps, furniture and fixtures,

rent, etc

Aggregate amount of actual expenditures during

the year in cash

,

$

31,864 73 44,936 33 32,544 33
584,693 24

NIAGARA FIRE INSURANCE COMPANY OF NEW IfORK.

HAROLD HERRICK, President.

GEORGE W. DE'WEY, Secretary.

Principal Office, 46-48 Cedar Street.

I.--CAPITAL.

1. Whole amount of capital stock

I

2. Amount paid up in cash

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

II.--ASSETS.

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

first liens on the fee simple)

$

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

terest accrued thereon

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements.! 247,500 00 5. Value of buildings mortgaged (insured for

$242,500 as collateral)

282,000 00

344,000 00 5,089 21

6. Total value of said mortgaged premises

(carried inside)

529,500 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

, 533 35

13. Cash belonging to the company deposited

in bank: Bank of Manhattan Company,

$97,398.68; Continental Trust Company,

1175,000.00

272,398 68

2,893,640 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 and uncollected 17 Cash in hands of agents and in course of transmission
over ninety days'due

272,932 03
6>550 00_ 560 95
430,945 28

Total assets of the company, actual cash market

value

* 3,953,717 47

^Ifj&T* -*

116

COMPTROLLER-GENERAL'S REPORT.

-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

:.

81,865 18
148,908 59 27,498 00

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

258,271 77 41,817 81

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, $1,826,584.40; 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, $1,899,451.71; un-

earned premiums (pro rata)

% 913,292 20 1,023,434 13

216,453 96

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

15. Dividends declared and remaining unpaid or uncalled for

19. All other demands against the company, absolute and

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

tested, viz

s

1,936,726 33 20 00
93,955 51

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

2,247,155 80 500,000 00
1,206,561 67

24. Aggregate amount of all liabilities, including capital p:iid

up and net surplus

$ 3,953,717 47

IV.--INCOME DURING THE YEAR.

On Fire Risks.

1. (iross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 419,468 87

3. Net collecied 4. Gross premiums on risks written and re-
newed during the year

419,468 87 3,353,567 58

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

3,773,036 45 460,340 57

COMPTROLLER-GENERAL'S REPORT.

117

7. Entire premiums collected during the year 3,312,695 88 8. Deduct reinsurance and return premiums. 865,039 39

9. Net cash actually received for premiums (carried out) . .$ 2,447,656 49

10. Received for interest on bonds and mortgages

14,198 37

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

collateral loans and from all other sources

116,407 26

12 Income received from all other sources, omitting in-

crease, if any, in value of securities

3,903 68

15 Aggregate amount of income actually received during

the year in cash

..

$ 2,582,165 80

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (losses

occurring in previous year)

$ 1,295,474 33

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $8,914.76, and all

amounts actually received for reinsur-

ances in other companies, $146,849.11;

total deductions

155,763 87

3. Net amount paid during the year for losses

f

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year,

$100,000) 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

1,139,710 46
99'98000 512,628 87 183,578 83 **>TM%

Aggregate amount of actual expenditures during

fhe year in cash

$ 2,170,814 98

Business in the Stale of Georgia during the Year.

Fire Risks.

RPrieskmsiuwmr.is.t.terenceived-, (, gross;^
.,
Losses paid



$ 93159,,''367769 6,,03,,0

4,0bo So

2 814 14

Losses incurred

118

COMPTROLLER-GENERAL'S REPORT.

NORTH GERMAN FIRE INSURANCE COMPANY OF NEW YORK.

ADOLPH LOEB, President.

HEXKY C. TIMM, Secretary.

Principal Office, 2 Liberty Street.

J. T. DARGAN, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.

1. Whole amount of capital stock , $ 200,000 00$

4
II.--ASSETS.

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 $1,199.97;

interest accrued thereon, $2,042.20; total

7. Amount of other loans, certificates of deposit bearing 2%

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 the company deposited

in bank: Bank of New York

3,593 31 22,399 97

200,000 00
34,000 00 3,242 17 32,000 00' 258,985 00

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

25,993 28 62,857 85

Total assets of the company, actual cash market

value

$ 417,078 30

III.--LIABILITIES.

1. Losses unpaid not yet due

$

2, Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

5,314 87 12.893 69

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

18,208 56 1,695 35

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, $281,516.02; 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, $59,893.04; un-

earned premiums (pro rata)

$ 140,758 01 31,560 89

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

16,513 21 172,318 90

COMPTROLLER-GENERAL'S REPORT.

119

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

and net surplus

I

21. Joint stock capital actually paid up in cash

'

23. Surplus beyond capital and all other liabilities

Aggregate amount of all liabilities, including cap-

ital paid up and net surplus

S

188,832 11 200,000 00
28,246 19
417,078 30

IV.--INCOME DURING THE YEAR.

Fire Risks.

4. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 57,046 94

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

425,301 33 120,727 79

9. Net cash actually received for premiums (carried out). .!) 10. Received for interest on bonds and mortgages 12. Income received from all other sources : Investment for
surplus account

15. Aggregate amount of income actually received during

the year in cash

$

304,573 54 8,813 17 20,000 00
333,386 71

V--EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (in-

cluding $22,850.28, losses occurring in

previous years)

$

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $355.96, and all

amounts actually received for reinsu-

rances in other companies, $7,384.30;

total deductions

178,496 17 7.740 26

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

Aggregate amount of actual expenditures during

the year in cash

$

170,755 91 6,000 00 90,435 47 4,010 79 4,134 38 9,392 82
284,729 37

^m

120

COMPTROLLER-GENERAL'S REPORT.

NORWICH UNION FIRE INSURANCE SOCIETY OF ENGLAND.
J. MONTGOMERY HARE, U. S. Manager. Principal U. S. Office, 56 and 58 Pine Street, New York, N. Y.

I.--CAPITAL STOCK.

. Amount of capital paid up in cash $660,000 00

Amount of ledger assets (as per balance)

December 31st of previous year



Extended at

2,302,736 60 $

2,302,736 60

II.--INCOME.

1. Gross premiums

$

2. Deduct reinsurance, rebate, abatement and

return premiums

Fire. 2.698,436 30
653,534 74

3. Total premiums (other than perpetuals)

5. Interest on mortgage loans

$

7. Interest on bonds and dividends on stocks.

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

Total income

2,044,901 56 1,935 00 63,637 71
65,572 71 3,343 75
$ 2,113,818 02

III.--DISBURSEMENTS.

Fire. 1. Gross amount paid for losses (including

1147,173.79, occurring in previous years).$ 1,084,411 45

2. Deduct amount received for salvage, S7.-

820.47, and for reinsurance in other com-

panies, $179,986

187,806 47

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

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

15. All other disbursements, viz.: Advertising and station-

ery, $18,823.07 ; maps, furniture and fixtures, $17,976.95; miscellaneous, $79,056.62

Cash remitted to home office

Cost of collection, commission and brokerage on pre-

miums in course of collection December 31st, 1902 ....

896,604 98 412,089 80
153,618 90 18,309 06 46,501 54
115,856 64 159,372 51
59,392 24

16. Total disbursements

$ 1,861,745 67

COMPTROLLER-GENERAL'S REPORT.

121

IV.--LEDGER ASSETS.

2. Mortgage loans on real estate, first liens

$ 40,000 00

4. Book value of bonds, excluding interest, $1,410,843, and
stocks, $596,996.08 5. Cash in company's office, $5,588.25; deposited in banks,
$271,890.50 6. Agents' balances, representing business written subse-
quent to October 1, 1903

2,007,839 08 277,478 75 218,826 81

7. Agents' balances, representing business written prior to October 1, 1903

10,664 31

11. Total ledger assets

2,554,808 95

NON LEDGER ASSETS.
12. Interest accrued on mortgages 13. Interest accrued on bonds and stocks.

150 00 23,053 48

17. Total

19. Market value of bonds and stocks over book value

20. Other non-ledger assets, viz.: Commission

on unpaid return premiums and reinsur-

ance premiums

*

1,998 33

Reinsurance due but uncollected on losses

paid, viz.: Allemania, Pa., $3.10; Citizens,

N. Y., $358,20; Caledonian, Scotland, $4;

Commercial Union,England, $14.67 ; Han-

over, N. Y., $3.71; Hamilton, N.Y., 463.71;

Indemnity, N. Y., $3.57 ; National Stand-

ard, N. Y.. .37 ; Nassau, N. Y , $4.15; Phe-

nix, N. Y., $1.43; Queen, N. Y., $4;

Western, Pa-, $1.36; Westchester, N. Y,, $5

867 27

Total

21. Gross assets

23,203 48 61,215 67
2,865 60 2,642,093 70

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business written prior to October 1, 1903

10,664 31

9. Total admitted assets

.$ 2,631,429 39

V.--LIABILITIES.
1. Gross losses ad justed 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

101,997 86
72,876 23 21,882 32

4. Total 5. Deduct reinsurance due or accrued

196,756 41 16,628 20

122

COMPTROLLER-GENERAL'S REPORT.

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, $1,516,812.49 ; un-

earned premiums (fifty per cent.)

$

8. Gross premiums (less reinsurance) received

and receivable upon all unexpired fire

risks running more than one.year from

date of policy, $1,502,526.05; unearned

premiums (pro rata)

$ 758,406 25 797,838 34

180,128 21

12. Total unearned premiums as computed above 19. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,
due or accrued 20. Commissions, brokerage and other charges due or to be-
come due to agents or brokers 21. Return premiums, $7,525.99; reinsurance premiums,
$2,551.05

1,556,244 59 22 844 48 7,484 06 10,077 04

24. Total amount of all liabilities except capital

1,776,778 38

26. Surplus over all liabilities

.$ 854,651 01

27. Surplus as regards policy-holders

854,651 01

28. Total liabilities

if 2,631,429 39

Business in the State of Georgia during the Year.

Risks written Premiums received

Fire Risks. $ 3,242,930 00
41 gg3 37

Losses paid

28,277 29

Losses incurred .. v

19 3gg 30

NORTH BRITISH & MERCANTILE FIRE INSURANCE COMPANY OF LONDON AND EDINBURGH.

E. G. RICHARDS, Manager.

H. M. JACKSON, Secretary.

Principal Office, 76 William Street, New York, N, Y.

I.--CAPITAL.

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

.$ 15,000,000 00 $15,000,000 00 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 $ 5,352,487 0f>

COMPTROLLER-GENERAL'S REPORT.

12$

12. Cash in company's principal office

$

13. Cash belonging to the company deposited

in bank: J. P. Morgan & Co., New York,

$91,187.71; Merchants' National Bank,

$20,000.00; total

23,536 40 111.187 74

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.: Due from other companies for reinsurance on losses already paid
Milwaukee Underwriters Building Association, $181.00; Philadelphia Underwriters Association, $100.00; Un-

derwriters Salvage Co., $1,000.00

134,724 14 16>893 7 560,102 77 4,385 65-
1'281 00'

Total assets of the company, actual cash market

value

$6,069,873 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

41,705 97
310,184 69 38,991 75

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

390,882 41 39,219 31

6. Net amount of unpaid losses

*

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $2,802,250.86; unearned

premiums (fifty per cent)

$ 1,401,125 43

8. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

Are risks running more than one year

from date of policy, $2,934,830.82; un-

earned premiums (pro rata)

1,531.415 80

Sol,663 10'

11. Total unearned premiums as computed above (carried out) 2,932,541 23

12. Net premiums reserve and all other liabilities, except capital under the life insurance or any other special department, reclaimable on perpetual ninety per cent.
17. Due and accrued for salaries, rent, advertising and for agency and other miscellaneous expenses, commissions and. .brok, erage

13,84o 44 129,!89o 31

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

and net surplius,,



. 3,'427,'94o 08

23. Surplus beyond capital and all other liabilities

Atm.s^a

24. Aggregate amount of amiabilities, including capital paid

up and net surplus

* 6,069,8/3 b*

124

COMPTROLLER-GENERAL'S REPORT.

IV.--INCOME DURING THE YEAR.

,

,

On Fire Risks.

J. Gross premiums and bills in course of col-

lection at close of last previous year, as

shown by that year's statement

$ 618,714 24

4. Gross premiums on risks written and re-

newed during the year

4,979,589 13

5- Total

5,598,303 37

6. Deduct premiums and bills in course of col-

lection at this date

574,667 39

7. Entire premiums collected during the year 5.023,635 98 8. Deduct reinsurance and return premiums. . 1,281,940 59

9. Net cash actually received for premiums (carried out). ..$ 3,741,695 39

10. Received for interest on bonds and mortgages, deposit premiums, perpetual fire risks

3397 07

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

collateral loans, and from all other sources

181,604 46

15. Aggregate amount of income actually received during the

year in cash

$ 3,926,696 92

V.--EXPENDITURES DURING THE YEAS.

, _

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $354,960.18, losses occurring in

previous year)

$ 2,067,491 55

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $11,296.33; and all

amounts actually received for reinsur-

ances in other companies, $144,300.32;

total deductions

155,596 65

3. Net amount paid during the year for losses

$ 1,911 894 90

Deposit premiums returned

130 00

6, Paid for commissions or brokerage

748 960 22

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

agents and all other employees

221 970 00

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

States

99,736 79

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

stationery, traveling, furniture, maps, underwriters as-

sociations, incidentals, exchange, postage, telegraph

and express

193,233 87

10. Amount sent to home office during the year, $920,353 95 Aggregate amount of actual expenditures during"-

the year in cash

$ 3,175,925 78

Business in the State of Georgia during the Year.

D R-isk1 s wri..t.ten ...... Premiums received (gross) Losses paid Losses incurred

On
$

3Fi4r7e9R00is1ks.00

'.'.'.'.'.'.'.'.'.[

45 S55 66 17'7;>5 72

15041 89

COMP f ROLLER-GENERAL'S REPORT.

125

UNITED STATES BRANCH NORTHERN ASSURANCE COMPANY OP LONDON, ENGLAND.

H. E. WILSON, General Manager. , TT ..;, * (38 Pine Street, New York, Principal Offices in the United States j; 642 Monadnock Block, Chicago.

I.--CAPITAL.

1. Amount of capital paid up in

cash

$ 1,500,000 00

2. Statutory deposit

200,000 00

Amount of ledger assets (as per balance),

December 31 of previous year

$

Extended at

3,390,556 26 $

3,390,556 26

II. --INCOME.

Fire.

Gross premiums.

$ 3.336,578 13

Deduct reinsurance, rebate, abatement and

return premiums

1,031,495 33

Total premiums (other than perpetuals) Interest on bonds and dividends on stocks.* Interest from all other sources

$ 2,305,082 80 98,184 50
1,163 23

Gross rents from company's property (com-

pany's own occupancy)

7'000 00

10 Total interest and rents Received from head office during the year

106,347 73 8,460 29

13. Total income.

$ 2,419,890 82

III.--DISBURSEMENTS.

Fire.

Gross amount paid for losses (including $147,805.46 occurring in previous years).$ 1.305,705 05

Deduct amount received for salvage, $7,-

239.23 ; and for reinsurance in other companies, |228,428 86

235'668 9

Net amount paid for losses Commissions or brokerage.

,p 1,070,036 96 381,122 99

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

agents and other employees

10 Rents, including $7,000.00 for company's own occupancy. 11. Repairs and expensss (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

stationery, $17,770.13; legal expenses, $1,121.93; mis-

cellaneous, $162,461.78; total

Remitted to head office during the year

_

131,419 43 15,829 10 1,359 87 4,164 09 66,152 36
181,353 84 518,467 81

16. Total disbursements

.$ 2,369,906 45

126

COMPTROLLER-GENERAL'S REPORT.

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; total

-5. Cash in company's offices

$

7,717 93

Deposited in banks

162,577 01

Total cash items

6. Agents' balances representing business written subse-

quent to October 1. 1903

7. Agents' balances representing business written prior to October 1, 1903

9. Bills receivable taken for fire risks.*

10. Other ledger assets, viz.: Balances due special agents.. .

11. Total ledger assets

115,000 00 2,603,091 56
170,294 94 497,800 85 36,383 87 17,882 01
87 40 3,440,540 63

NON-LEDGER ASSETS.

13. Interest due, $1,000; and accrued, $9,676.28, on bonds and stocks
18. Market value of real estate over book value 20. Other non-ledger assets, viz.: Due from other companies
for commission on reinsurance premiums Due from other compnnies for reinsurance on losses al-
ready paid
:21. Gross assets.

10,676 28 50,000 00
1,579 6.-)
170 76 3,502,967 32

DEDUCT ASSETS NOT ADMITTED

4. Agents' balances, representing business

written prior to October 1, 1903

$

5. Bills receivable, past due, taken for fire risks

7. Depreciation from book value of ledger

assets to bring same to market value

Balances due from special agents ]

Due from other companies for commission

on reinsurance premiums

36,383 87
17,882 01 46,546 56
87 40 1,579 65

S. Total

102,479 49

9. Total admitted assets

$ 3,400,487 83

-LIABILITIES.

1. dross losses adjusted and unpaid not yet

due

$

2. Gross claims for losses in process of adjust-

ment or in suspense, including all re-

ported and supposed losses 3. Gross claims for losses resisted

74,727 74
161,696 22 44,763 94

COMPTROLLER-GENERAL'S REPORT.

127

4. Total 5. Deduct reinsurance due or accrued.

281,187 90 17,204 77

6. Net amount of unpaid losses and claims 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 premiums on perpetual fire risks, $2,008,269.01; unearned premiums (fifty per cent.) $ 8. Gross premiums (less reinsurance) received and receivable upon all unexpired fire risks running more than one year from date of policy, $1,521,725.78; unearned premiums (pro rata)

$ 1,004,134 50
842.776 37

263,983 13

12. Total unearned premiums as computed above, (carried out) 19. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,
due or accrued 2(1 Commissions, brokerage and other charges due or to be-
come due to agents and brokers 2! Return premiums, $88,109.95; reinsurance premiums,
$30,984.55; total 23 All other liabilities, viz.: Miscellaneous

1,846,910 87 500 00
70,396 53 119,094 50
2,003 03

24 Total amount of all liabilities except statutory deposit

and capital 25. Statutory deposit 27. Surplus over all liabilities

:

$ TM>TMTM

897,599 77

2,302,888 06

28. Surplus as regards policyholders

1,097,599 77

29. Total liabilities

.$ 3,400,487 83

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

^R.isk, s wri-t^ten



.... v$4,'708,'626 00

Gross premiums received, excluding only $11,997.19 of cancel-

llaatuiooini a<*nnd~ $v 1,975.08, vpremiums on risks reinsured

&3,3db ss 684 31

Losses paid

11177 54

Losses incurred

128

COMPTROLLER-GENERAL'S REPORT.

ORIENT FIRE INSURANCE COMPANY OF HARTFORD, CONN.

ARCHIBALD G. MCILWAINE, JR., President.

JAMES WYPER, Secretary.

Principal Office, 5 Haynes Street, Hartford, Conn.

ROBERT A. HANCOCK, Atlanta, Attorney for Service in Georgia.

i.---CAPITAL.

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

$ 2,000,000 00 $ 500,000 00

II.--ASSETS.

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

the amount of incumbrances thereon)

$ 65,333 04

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

liens on the fee simple)

41,158 00

3. Interest due on all said bond and mortgage loans, $451.00;

interest accrued thereon, $1,297.04 ; total

1,748 04

5. Value of buildings mortgaged (insured for

$23,000 as collateral)

$ 41,158 00

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

absolutely by the company carried out at market value $ 1,782,817 38

12. Cash in company"s principal office

$

4,686 89

13. Cash belonging to the company deposited in

bank: American National Bank, Hart-

ford, Conn.,$26,239.14; Connecticut Trust

and Safe Deposit Co., Hartford, Conn.,'

$35,000; United States Mortgage & Trust

Co., New York, N. Y.,$37,113.61; National

Bank of the Republic, Chicago, 111., $24,-

325.13; Union Trust Co., San Francisco,

(!al., $9,339.22 ; total

132,017 10

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 . .. 18. Bills receivable, not matured, taken for fire, marine and
inland risks
All other assets, both real and personal, viz.: Rentsdue and accrued, $33.00; due from other companies for reinsurance on losses already paid, $834.27

136,703 99 27,540 79
1,104 04 190,574 35
223 75
867 27

Total a-sets of the company, actual cash market

vall'e

$ 2,217,970 65

COMPTROLLER-GENERAL'S REPORT.

129

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

41,948 42
90,353 35 33,149 99

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

165,451 76 20,333 09

6. Net amount of unpaid losses

...

7. Gross'premiums, without any deduction,

received and receivable upon all unex-,

pired fire risks running one year or less

from date of policy,. $776,058.16; un-

earned premiums (fifty per cent.)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $877,012.03 ; un-

earned premiums (pro rata)

145,118. 67 388,029 08 470,689 23

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.: Premiums paid and in course of collection, $37,744.28; return premiums, $247.10; reinsured

premiums, $3,190.11; less commissions, $159.30,

$3,277.91 ; total

_

858,718 31 41'022 19

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

L044-859 17
500,000 00 703'1U 48

24 Aggregate amount of all liabilities, including capital paid

' gup and net surplus

2,247,970 65

jy.--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

% 202,481 67

3. Net collected

."

202,48167

4. Gross premiums on risks written and re-

newed during the year

1,518,784 21

5. Total

1,721,265 88

6. Deduct premiums and bills in course of col-

lection at this date

196-251 U

in

130

COMPTROLLER-GENERAL'S REPORT.

7. Entire premiums collected during the year. 1,525,014 74 8. Deduct reinsurance and return premiums.. 453,233 58

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

.

1,071,781 16 2,562 42
60,306 41
2,249 21

15. Aggregate amount of income actually received during the

year in cash

'..., ....,

S 1,136,899 20

V.--EXPENDITURES DURING THE YEAR.

On Marine :tm! On Fire Risks. Inland Risks. Gross amount actually paid for

losses (including $70,732.60,

losses occurring in previous

years)

$ 575,090 46$ 5,287 34

Deduct all amounts actually re-

ceived for salvages (whether

on losses of the last or of pre-

vious year), $5,426.11, and

all amounts actually re-

ceived for reinsurances in

other companies, $71,347.09;

total deductions

73,166 31

3,606 89

3. Net amount paid during the

year for losses

'.'.' 501,924 15

1,680 45$

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

503,604 60
50,000 00 230,910 56
65,693 91
25,865 80 62.303 49

Aggregate amount of actual expenditures during

the year in cash

$ 938,378 36

Business in the State of Georgia during the Year,

Risks written

Fire Risks. $1,653,810 00

Premiums received (gross)

20 324 36

Losses paid

11,873 89

Losses incurred

12,408 89

COMPTROLLER-GENERAL'S REPORT.

131

PALATINE INSURANCE COMPANY, LTD., OF LONDON, ENGLAND.
A. H. WEAY, Manager. Principal Office in U. S., Cor. Pine and William Streets, New York.
JNO. C. WHITXER, 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$

13. Cash belonging to the company deposited in bank: Morton Trust Co., New York, $84,789.28 ; American Exchange National Bank, New York, $81,519.49 ; CrockerWoolworth Bank, San Francisco, Cal., $23,884.15, 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 Are, marine and

inland risks

.'

;

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

other companies for reinsurance on losses already paid.

1,502,560 00
190,192 92 2>360 17
246,859 18
50 00
4,014 06

Total assets of the company, actual cash market

value

1,946,036 38

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

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

154>541 60
13,750 00 168,291 60 53,834 60

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, $1,013,898.30; unearned

premiums (fifty per cent)

....I

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $749,341.55 ;

unearned premiums (pro rata)

^

$ 506,949 15 412,793 96

11 Total unearned premiums as computed above (carried out)

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

agency and other miscellaneous expenses

.....

114,457 00
919,743 11 4,523 59

132

COMPTROLLER-GENERAL'S REPORT.

19. All other demands against the company, absolute and

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

tested, viz.: Commissions and brokerage, $23,854.56 ;

return premiums, $6,121.27; reinsurance premiums,

$24,501.78 ; total

$

54,477 61

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

and net surplus

1,093,201 31

23. Surplus beyond capital and all other liabilities

852,835 02

24. Aggregate amount of all liabilities, including capital paid

up and net surplus :


.$ 1,946,036 33

IV.--INCOME DURING THE YEAH.
Fire Risks. 1. Gross premiums and bills in course of col-
lection at close of last previous year.. .# 254,426 11

3. Net collected

254,426 11

4. Gross premiums on risks written and re-

newed during the year

1,902,963 30

5. Total

2,157,389 41

6. Deduct premiums and bills in course of col-

lection at this date

249,609 13

7. Entire premiums collected during the year 1,907,780 28 8. Deduct reinsurance and return premiums. 632,811 89

9. Net cash actually received for premiums (carried out). .$ 1,274,968 39

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

collateral loans, and from all other sources

41,424 16

15. Aggregate amount of income actually received during

the year in cash.

$ 1,316,392 55

V.-EXPENDITURES DURING THE YEAR.

1. Gross amount actually paid for losses (in-

cluding$96,161.17, losses occurring in pre-

vious years)

$

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous year), 5,469.32, and all

amounts actually received for reinsu-

rances in other companies, 199,716.23;

total deductions

714,004 41 105,185 55

3. Net amount paidduring 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 ...-.

608,878 86 284,789 05
73,227 99
37,791 61

COMPTROLLER-GENERAL'S REPORT.

133

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

tional and local boards, travel and surveys, postage,

telegrams and express, and miscellaneous

$

10. Amount sent to home offices during the year, $70,024.09

66,564 38

Aggregate amount of actual expenditures during

the year in cash

$ 1,071,251 89

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

Risks written

$ 2,668,313 00

Premiums received (gross)

46,254 38

Losses paid

17,646 99

Losses incurred



14,732 09

PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA, PA.

R. DALE BENSON, President.

W. GARDNER CBOWELL, Secretary.

Principal Office, 510 Walnut Street, Philadelphia, Pa.

WM. 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)

$

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]

210,000 00 746,599 99
5,991 76

buildings and perishable improvements ! j 1^05,910 00

5. Value of buildings mortgaged (insured for j

$526,900 as collateral)

j

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

absolutely by the company carried out at market value.

4,055,251 00

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

rities (except mortgages)

12. Cash in company's principal office

$ 1,260 40

13. Cash belonging to the company deposited in

bank: Western and Philadelphia

213,685 66

635,100 00

Total cash items



16. Interest due and accrued on collateral loans

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

214,946 06 3,495 71
390,228 99

Total assets of the company, actual cash market

value

$ 6,261,613 51

134

COMPTROLLER-GENERAL'S REPORT.

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

22,076 40
184,422 77 18,902 28

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,$1,915,341.34; unearned pre-

miums (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, $2,463,002.15 ; un-

earned premiums (pro rata)

$ 957,670 67 1,286,163 19

225,401 45

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.: Amount reclaimable by the insured on perpetual fire policies

2,243,833 86 872,935 89

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

and net surplus

$ 3,342,171 20

21. Joint stock capital actually paid up in cash

400,000 00

23. Surplus beyond capital and all other liabilities

2,519,442 31

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 6,261,613 51

IV.--INCOME DURING THE YEAR.

On Fire Risks. 4. Gross premiums on risks written and re-

newed during the year

$ 3,526,264 30

8. Deduct reinsurance and return premiums . 916,341 10

9. Net cash actually received for premiums (carried out) . . ..$ 2,609,923 20

10. Received for interests on bonds and mortgages

34,211 34

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

collateral loans, and from all other sources

201,376 16

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

if any, in value of securities, viz.: Rents, $13,273.78;

miscellaneous, $1,702.54; total

14,976 32

15. Aggregate amount of income actually received during

the year in cash

$ 2,860,487 02

COMPTROLLER-GENERAL'S REPORT.

135

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (losses

occurring in previous years)

$ 1,434,671 08

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

141,933 76

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.: Supplies,

printing and miscellaneous

1,292,737 94 100,000 00 522,038 69 171,000 00 87-35643 154,606 62

Aggregate amount of actual expenditures during

the year in cash

$ 2,327,739 68

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

,,R.isk, s wri..t.t,,e,,n Premiums received (gross) TLosses pa.i-,d...



$* 2,'636,'053 0.0-

7,TM !.

14,418 65

Losses incurred

'

IT. S. BRANCH OF THE PHCBNIX ASSURANCE COMPANY (LIMITED) OF LONDON.

A. D. IRVING, Manager.

A. D. IRVING, JR., Secretary.

Principal Office in the U. S., 47 Cedar Street, New York.

EDGAR DUNLAP, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.

1. Whole amount of capital stock 1 jyot appiicable in United States

2. Amount paid up in cash

.. \ branch statement.

3. Amount in notes of the stockholders )

II.--ASSETS.

9. Total par and market value of stocks and bonds owned absolutely by the company carried out at market valuef 2,499,910 00

12. Cash in company's principal office

$

13. Cash belonging to the company deposited in

bank: American Exchange National

173 44

136

COMPTROLLER-GENERAL'S REPORT.

New York, $19,543.61; American Exchange, Chicago, $1,802.86 ; in hands of United States trustees, $285,518.86

306,865 33

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..
.AH other assets, both real and personal, viz.: Hue from other companies for reinsurance on losses already paid

307,038 77
32,105 00 137,210 03
2,648 15

Total assets of the company, actual cash market

value

$ 2,978.911 95

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

512,767 92 22,979 00

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

6. Net amount of unpaid losses

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less Irom

date of policy, $1,945,432.10; unearned

premiums (fifty per cent.)

$

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy, $1,688,002 ; un-

earned premiums (pro rata)

535,746 92 294,136 00
$
972,716 04
859,251 61

241,610 92

J. Total unearned premiums, as computed above(carriedout)$ 1,831,967 65

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

agency and other miscellaneous expenses

3,048 16

19. All other demands against the company, absolute and

contingent, due and to become due, admitted and

contested, viz.: Reinsurance premiums

41,814 29

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

and net surplus

$ 2,118,441 02

23. Surplus beyond capital and all other liabilities

860,470 93

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,978,91195

COMPTROLLER-GENERAL'S REPORT.

137

IT.--INCOME DURING THE YEAR.
On Fire Risks. ]. Gross premiums and bills in course of col-
lection at close of last previous year, as shown by that year's statement. ........$ 287,158 52

3. Net collected

287,158 52

4. Gross premiums on risks written and re-

newed during the year

3,855,189 97

5. Total

4,142,34849

6. Deduct premiums and bills in course of col-

lection at this date.,..,

139,266 94

7. Entire premiums collected during the year 4,003,081 55 8. Deduct reinsurance and return premiums. 1,532,899 81

9. Net cash actually received for premiums (carried out).. .$ 2,470,181 74

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

collateral loans, and from all other sources

81,806 85

Profit on sale or maturity of ledger assets

16,817 45

15 Aggregate amount of income actually received during

the year in cash

$ 2,568,806 04

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $475,028.75, losses occurring in

previous years)

$ 2,248,913 24

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $12,208.30, and all

amounts actually received for reinsur-

ances in other companies, $771,370.48;

total deductions

783,578 78

3. Net amount paid during the year for losses

I 1,465,334 46

6- Paid for commissions or brokerage

492,630 92

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

clerks, agents and all other employees

166,378 81

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

States <J. All other payments and expenditures, viz.: Rents, $21,-

74'40652

540 ; loss on sale or maturity of ledger assets, $133.55 ;

miscellaneous expenses, $115,950.49; disbursements on

account of business of 1902, made in 1903, as per state-

ment of liabilities, Decemher 31, 1902: return premi-

ums, $23,461.68; reinsurance, $208,152.35 10. Amount sent to home offices during the year

369,238 07

^

3'495 72

Aggregate amount of actual expenditures during

the yearin cash

* 2,571,484 50

138

COMPTROLLER-GENERAL'S REPORT.

Businessin the Slate of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid.

Losses incurred

Fire Risks. 1,859,536 00
30,689 99 13,961 73 4,788 73

PHENIX EIRE INSURANCE COMPANY OF BROOKLYN, N. Y.

GEO. P. SHELDON, President.

WM. A. WRIGHT, Secretary.

Principal Office, 16 Court Street.

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 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

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements .$ 36,000 00

5. Value of buildings mortgaged (insured for

$67,500 as collateral)

76,500 00

576,000 00 52,100 00 838 31

6. Total value of said mortgaged premises

(carried inside)

112,500 00

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

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

$ 2,242 70

13. Cash belonging to company deposited in

bank: National Park Bank, New York,

$575,598.29 ; Chatham National Bank, New

York, $128,000; Liberty National Bank,

New York, $50,000 ; National City Bank,

Brooklyn, $2,500; People's Trust Compa-

ny, Brooklyn, $25,158.25 ; total

781,256 54

5,153,423 00 101,860 00

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

783 499 24 4,758 32

^^M

COMPTROLLER-GENERAL'S REPORT.

139

17. Cash in hands of agents and in course of transmission : Agency balances, $666,620.50 ; uncollected office premi-

ums, $63,277.59

*

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

and accrued

729,898 09 4-714 66

Total assets of the company, actual cash market

value..

* 7,407,09162

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

v

$

3. Losses resisted, including interest, costs and

other expenses thereon

361,952 26 29,761 50

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, $2,767,203.12; un-

earned premiums (fifty per cent.)

$ 1,383,601 56

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $5,710,554.35;

unearned premiums (pro rata)

2,943,059 34

391,713 76

11. Totalunearned premiums as computed above (carried out) 4,326,660 90

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, $12,655.51; return premi-
ums, $2,522.29 ; reinsurance, $666.26

2i672 75 15'844 06

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

and net surplT us



21. Joint stock capital actually paid up in cash.

23. Surplus beyond capital and all other liabilities

4,'736,'891 47
)'"Z0Z it I,b7tyuu u>

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

; 7,407,091 W

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

$

54,980 01

3. Netcollected

54>980 01

140

COMPTROLLER-GENERAL'S REPORT.

4. Gross premiums on risks written and renewed during the year
5. Total Deduct premiums and bills in course of collection at this date

6,440,924 02 6,495,904 03
63,277 59

Entire premiums collected during the year. 6,432,626 44 Deduct reinsurance and return premiums. 1,279,505 68

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

5,153,120 76 3,451 25
199,953 91
38,031 78

15. Aggregate amount of income actually received during the

year in cash

$ 5,394,557 70

V.--EXPENDITURES DURING THE YEAR.

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

cluding $265,955.16) losses occurring in

previous years

$ 2,850,632 15

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $8,975.03; and all

amounts actually received for reinsur-

ances in other companies, $209,449.42;

total deductions

218,424 45

Net amount paid during the year for losses

S

Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year)

Paid for commissions or brokerage

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

agents and all other employees

Paid for State, national and local taxes in this and other States

All other payments and expenditures, viz.: Rents,.$47,-

576.23; repairs and expenses on real estate, $15,054.66 ;

loss on sale of ledger assets, $9,507.38

All other expenditures: Furniture and fixtures, $1,304.57 ;

postage, express, telegrams, exchange, etc., $45,766.47 ;

printing, stationery and advertising, $63,834.92 ; trav-

eling expenses, $85,224.24: legal expenses, $6,122.34;

miscellaneous, $182,179.16 ; total

2,632,207 70 100,000 00
1,006,376 25 399,991 64 124,598 36
72,138 27
384 431 70

Aggregate amount of actual expenditures during

the year in cash

$ 4,719,743 92

COMPTROLLER-GENERAL'S REPORT.

141

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

$ 6,908,557 00

Premiums received (gross)

142,287 47

Losses paid

56,871 83

Losses incurred

65,558 99

PHOENIX FIRE INSURANCE COMPANY OF HARTFORD, CONNECTICUT.

D. W. C. SKILTON, President.

EWD. MILLIGAN, Secretary.

Principal Office, 64 Pearl Street, Hartford, Conn.

CLIFF C. HATCHER, Atlanta, Attorney for Services 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, $302.00 ;

interest accrued thereon, $2,286.03; total

4. Value of lands mortgaged, exclusive of buildings and perishableimprovemeuts.S 157,800 00

5. Value of buildings mortgaged (insured for

$47,300.00 as collateral)

62,500 00

339,675 82 102,449 25
2,583 03

6. Total value of said mortgaged premises

(carried inside^

$ 220,300 00

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

absolutely by thecompanycarriedoutat market value

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

securities (excepted mortgages).

12. Cash in company's principal office .... $ 8,374 71

13. Cash belonging to the company deposited in

bank: Hartford National Bank, Hart-

ford, $202,103.14; Hartford Trust Co.,

$50,000.00; Metropolitan Trust Conpany,

New York, $159,059.25

411,162 39

5,129,697 00 81,000 00

Total cash items

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

ket value", uncollected

, -

419,537 10 46-767 0

142

COMPTROLLER-GENERAL'S REPORT.

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, $2,038.30; due from other companies for

reinsurance on losses already paid, $1,907.00; inter-

national bank deposits, $1,640.00

1,545 71 724.S16 08
5,585 30

Total assets of the company, actual cash market

value

$ 6,853.661.29

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

56,750 00
318,203 37 33,633 00

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

408,586 37 12,787 42

6. Net amount of unpaid losses

7. Gross premiums withoutany deduction, re-

ceived and receivable upon all uuexpired

Are risks running one year or less from

date of policy, $2,526,633.66 ; 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, $2,858,804.48;

unearned premiums (pro rata) . . . .

1,263,316 83 1,487,351 66

395,798 95

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 due agents, $71,826.00; return premiums, $42,328.63 ; reinsurance, $12,022.69 .

750,668 49 126,177 32

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

3,272,644 76 2,000,000 00 1,581.016 53

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 6,853,661 29

IV.--INCOME DURING THE YEAR. On Fire Risks.
7. Entire premiums collected during the year..$ 4,276,029 42 8. Deduct reinsurance and return premiums . 724,162 19
9. Net cash actually received for premiums (carried out) . $ 3,551,867 23

COMPTROLLER-GENERAL'S REPORT.

143

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

Profit on sale real estate

5,048 75
214,478 72
16,418 65 18,898 26

15. Aggregate amount of income actually received during

the year in cash

$ 3,806,711 61

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $337,483.99, losses occurring in

previous years)

$ 1,782,322 99

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous years), $9,936.03, and all

amounts actually received for reinsur-

ances in other companies, $140,104.72;

total deductions

_ 150,019 75

3. Net amount paid during the year for losses

$ 1,632,382 24

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year) . . 240,000 00

6. Paid for commissions or brokerage

696,859 40

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

agents and all other employees

200,970 74

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

' States 9. All other payments and expenditures,.viz. : Rents, $11,-

118>472 83

903.64 ; repairs and expenditures real estate, $10,014.98;

advertising, printing, stationery, $18,851.17 ; legal ex-

penses, $7,360.43 ; sale ledger assets, $1,840.48 ; miscel-

laneous, $285,509.40

,480 10

Aggregate amount of actual expenditures during

the year in cash

. * 3,224,065 31

Business in the State of Georgia during the Year.

,. Risks written.

.

Premiums received (gross) . .

On Fire Risks.

. .

... $ 4,133,316 00

_ > _

60,91069

" '

Losses paid .

86

Losses incurred

144

COMPTROLLER-GENERAL'S REPORT.

QUEEN INSURANCE COMPANY OE AMERICA, OF NEW YORK, N. Y.

EDWARD F. BEDDALL, President.

NBVKTT S. BARTOW, Secretary.

Principal Office, 43 Cedar Street, New York City.

S. Y. TuppEB, 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 00 500,000 00

II.--ASSETS.

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

the amount of incumbrances thereon)

$ 150,999 25

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

first liens on the fee simple)

71.000 00

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

interest accrued thereon

1,368 28

5. Value of buildings mortgaged (insured for

$73,500 as collateral)

$ 108,500 00

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

absolutely by the company carried out at market value 5,299,534 28

12. Cash in company's principal office

$ 1,906 53

13. Cash belonging to the company deposited

in bank: Farmers' Loan & Trust Co., N.

Y., $105,000; Corn Exchange Banks, N.Y.,

$57,481.91; Royal Trust Co., Chicago, 111.,

$15,747.97; Atlanta National Bank, At-

lanta, Ga., $2,301.36; First National Bank,

San Francisco, Cal., $2,285.64; Royal

Bank, Montreal, Canada, $1,237.87; Do-

minion Bank, Montreal, Canada,$4,410.70;

Bank of British North America, Halifax,

N. 8., $5,210.46; total

193,675,91

Total cash items
15. Interest due and accrued on stocks not included in "market value" uncollected.
16. Interest due and accrued on bank balances and uncollected
17. Cash in hands of agents and in course of transmission... All other assets, both real and personal, viz.: Due from other companies for reinsurances on losses already paid

195,582 44
68,591 06 485 05
533,318 59 2,056 34

Total assets of the company, actual cash market

value

$ 6,322,935 29

COMPTROLLER-GENERAL'S REPORT.

145

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

229,240 33 32,770 00

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

262,010 33 24,132 .48

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 $2,242,658.89; un-

earned premiums (fifty per cent.) $ 1,121,329 44

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy, $2,254,432.13;

unearned premiums (pro rata)

1,204,753 09

237,877 85

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, $96,486.41; return premiums, $70,846.26; reinsurance premiums, $26,920.32; total

2,326,082 53 61,013 51
194,2o2 99

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

2,819,226 88 500,000 00
3,003,708 41

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

V

* 6,322,935 29

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

.$ 529,100 48

3. Net collected

529'100 48

4. Gross premiums on risks written and re-

newed during the year

3,983,427 28

5. Total

4,512,52776

6. Deduct premiums and bills in course of col-

lection at this date

535,294 19

10 in

146

COMPTROLLER-GENERAL'S REPORT.

7. Entire premiums collected (luring the year 3,977,233 57 8. Deduct reinsurance and return premiums. 907,322 73

Less 1903 premiums collected in 1902

3,069,910 84 407 22

0. Net cash actually received for premiums (carried out). . .$ 3,069,503 62

10. Received for interest on bonds and mortgages

1,445 00

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

collateral loans and from all other sources

196,044 02

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

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

3,378 68

15. Aggregate amount of income actually received during

the year in cash

$ 3,270,371 32

V.--EXPENDITURES DURING THE YEAR.

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

cluding $208,976.39, losses occurring in

previous years)

$ 1,674,598 19

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous years), $19,015.30; and all

amounts actually received for reinsur-

ances in other companies, $95,373.60;

total deductions

114,388 90

3. Net amount paid during the year for losses

$ 1,560,209 29

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends dealared during the year)

100,000 00

6. Paid for commissions or brokerage

559,075 29

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

agents and all other employees

'.' 219,979 54

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

States

71,242 99

9. All other payments and expenditures, viz.: Rents, $26,-

286.72; advertising, printing and stationery, $35,594.14;

legal expenses, $1,548.82; furniture and fixtures, $4,-

380.76 ; miscellaneous expenses, $110,491.52 ; total

178,301 96

Aggregate amount of actual expenditures during

the year in cash

$ 2,688,809 07

Business in the Slate / Georgia during the Year.

Fire Risks.

Risks written Premiums received (gross)

v.-.. . v

$ 4,684,185 00 92,875 40

Losses paid

24,2,11 53

Losses incurred

,

24,338 53

COMPTROLLER-GENERAL'S REPORT.

147

ROCHESTER GERMAN FIRE INSURANCE COMPANY OF ROCHESTER, N. Y.

HON. FREDERICK COOK, President.

H. F. ATWOOD, Secretary.

Principal Office, Corner Irving Place and Main Street, West.

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 00 200,000 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 first liens on the fee simple)

3. Interest due on all said bond and mortgage loans, $1,917.35; interest accrued thereon, $6,372.28; total....

4. Value of lands mortgaged, exclusive of buildings and perishable improvements.$ 341,030 00

5. Value of buildings mortgaged (insured for

$352,210 as collateral)

417,750 00

267,810 91 353,347 10
8,289 63

. Total value of said mortgaged premises (car-

ried inside)..

758,780 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

$ 1,616 60

13. Cash belonging to the company deposited

in bank: German American

201,296 08

643,525 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....

202,912 68
7,187 50 122,615 89

Total assets of the company, actual cash market

value

* 1,605,688 71.

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sap-

posed losses

*

3. Losses resisted, including interest, costs and

other expenses thereon



13>513 20
76>77979 12,436 48

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

102,729 47 25,940 58

. Net amount of unpaid losses ..

*

'

148

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, $733,898.18; 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, $693,842.28; un-

earned premiums (pro rata)

366,949 09 388,812 52

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 agents

755,761 61 543 54

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

833,094 04 200,000 00 572,594 67

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 1,605,688 71

IT.--INCOME DIRIXG 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

* 153,617 72

3. Net collected

153,617 72

4. Gross premiums on risks written and re-

newed during the year

1,477,409 28

5. Total

,

1,631,027 00

6. Deduct premiums and bills in course of col-

lection at this date

122,615 89

7. Entire premiums collected during the year. 1,508,411 11 8. Deduct reinsurance and return premiums. . 478,534 84

9. Net cash actually received for premiums (carried out).. .$ 1,029,876 27

10. Received for interest on bonds and mortgages

17,361 67

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

collateral loans, and from all other sources

26,072 00

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

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

13,681 84

15. Aggregate amount of income actually received during

the year in cash

$ 1,086,991 78

COMPTROLLER-GENERAL'S REPORT

149

V.--EXPENDITURES DURING THE VEAR.

1. Gross amount actually paid for losses (in-

cluding $71,297.27, losses occurring in pre-

vious years)

$

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous year), $1,782.76; and all

amounts actually received for reinsur-

ances in other companies, $105,223.55;

total deductions

532,911 38 107,006 31

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 Expense account, $56,316.25; printing and stationery

account, $6,697.48; profit and loss account, $14,579 53;

total

Aggregate amount of actual expenditures during

the year in cash

$

425,905 07 30,000 00 301,159 01 30,513 98 28,450 14 9,093 88
77,593 26 902,715 34

Business in the State of Georgia during the Year.
Risks written Premiums received (gross) Losses paid Losses incurred

Fire Risks. 770,571 65 14,505 43 4,506 83 1,832 06

U. S. BRANCH OF THE ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL, ENGLAND.

E. F. BEDDALL, General Attorney. Chief Office in the United States, No. 50 Wall Street, New York City.

II.--ASSETS.

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

the amount of incumbrances thereon)

$ 2,174,460 43

2 Loans on bond and mortgage (duly recorded and being first liens on fee simple)
3. Interest due on all said bond and mortgage loans, $ ; interest accrued thereon

321-000 00. 759 69

150

COMPTROLLER-GENERAL'S REPORT.

4. Value of lands mortgaged, exclusive of "|

buildings and perishable improvements . I 5. Value of buildings mortgaged (insured for [ $ 518>000 00

$261,500 as collateral

j

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

absolutely by the company carried out at market value $ 4,458,153 95

12. Cash in company's principal office

$ 3,681 40

13. Cash belonging to the company deposited

in bank: Fourth National Bank, New-

York City, $3,496.38; Merchants' National

Bank, New York City, $4,319.84; New

York Life Insurance and Trust Company,

New York City, $660,558.05; Gallatin Na-

tional Bank, New York City, $1,096.70;

New England National Bank, Boston,

Mass., $162.24; Girard National Bank,

Philadelphia, Pa., $11,230.49; Royal Trust

Company, Chicago, 111., $11,591.80; Third

National Bank, Atlanta, Ga., $5,636.47 ;

Bank of British North America, San Fran-

cisco, Cal., $6,910.32; total

705,002 29

Cash in branch offices

1,368 84

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
All other assets, both real and personal, viz.: Rents due and accrued, $7,574.22; due from other companies for reinsurance on losses already paid, $43,299.58; amount receivable under perpetual policies, $1,153.64; other assets, $20.00

710,052 53 52,935 15 885,222 97
52,047 44

Total assets of the company, actual cash market

value

$ 8,654,632 16

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

53,424 56
479,522 41 64,259 50

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

597,206 47 162,398 14

0. 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, $3,439,203.93; un-

earned premiums (fifty per cent.)

$

$ 1,719,601 96

434,808 33

COMPTROLLER-GENERAL'S REPORT.

151

8. Gross premiums without any deduction, received and receivable upon all unexpired fire risks running more than one year from date of policy, $4,887,098.81; unearned premiums (pro rata)
Excess of original premiums over amount received for reinsurance risks, $42,705.39; unearned premiums (pro rata)

2,582,449 41 10,598 88

11. Total unearned premiums as computed above (carried out)$ 4,312,650 25

Amount reclaimable by the insured under perpetual in-

surance policies

, '

194,104 89

Net premium reserve under the life insurance department 100,583 33

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

agency and other miscellaneous expenses

48,885 48

19. All other demands against the company, absolute and

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

tested, viz.: Commissions and brokerage due to agents

and brokers, $150,694.34; return premiums, $20,857.20;

reinsurance premiums, $76,535.77; total

248,087 31

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

and net surplus

5,339,119 59

23. Surplus beyond capital and all other liabilities

3,315,512 57

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 8,654,632 16

IV.--INCOME DURING THE TEAK.

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

$ 1,053,969 34

2. Deduct amount of same not collected

1,498 94

3o. TNVT e^t coililec^teAd

1,052,'470 40

4. Gross premiums on risks written and re-

newed during the year

7,309,711 08

5_. T,,o,tal, 6 Deduct premiums and bills in course of col-
lection at this date

8,362,181 48 899'108 48

7. Entire premiums collected during the year 7,463,073 00 8. Deduct reinsurance and return premiums.. 2,467,317 85

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

DefXpiroesirtispk, rsemiums

received

for

perpetual * $

5,'753 27

4'9^'^ TM 35-207 " 156,172 44 5S,V)l 61

152

COMPTROLLER-GENERAL'S REPORT.

14. Amount of remittances from home office

during the year

563,765 30

15. Aggregate amount of income actually received during

the year in cash

I 5,240,327 31

V.--EXPENDITURES DURING THE YEAR.

On Fire Risks.
1. Gross amount actually paid for losses (in-
cluding $550,222.52, losses occurring in

previous years)

$ 3,389,879 78

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous years), $30,580 50, and all amounts actually received for reinsurance in other companies, $880,399.94;

total deductions

910,980 44

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, legal and all other expenses.

Deposit premiums returned during the year

on perpetual fire risks

$ 10,458 12

10. Amount sent to home offices during the year 554,425 08

2,478,899 34 831,083 38
395,264 27
152,087 54 333,670 37

Aggregate amount of actual expenditures during

the year in cash

$ 4,191,004 90

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

Risks written

$ 10,767,728 39

Premiums received (gross)

'

64,781 31

Losses paid

21,517 44

Losses incurred

28,532 44

SCOTTISH UNION AND NATIONAL FIRE INSURANCE COMPANY OF EDINBURGH, SCOTLAND.

JAMES H. BREWSTER, U. S. Manager. Principal Office, 36 Pearl Street, Hartford, Conn. EDGAR DINLOP, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL.

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

$ 30,000,000 00 $30,000,000 00 1,500,000 00

COMPTROLLER-GENERAL'S REPORT.

153

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, $8,601;

interest accrued thereon, $3,621,92 ; total

4. Value of lands mortgaged, exclusive of buildings and

perishable improvements

$ 789,485 00

5. Value of buildings mortgaged (insured for

$943,500 as collateral)

1,223,850 00

243,758 80 870,053 35
12,222 92

6. Total value of said mortgaged premises

(carried inside)

$ 2,013,335 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

$

50 00

13. Cash belonging to the company deposited

inbank

280,376 06

2,958,236 75 2>000 00

Total cash items

._.""

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

ket value " uncoJlected 16. Interest due and accrued on collateral loans and uncol-

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

Interest due and accrued on assets not included above .

280.876 06 n'088 98
461,292 07 531 23

Total assets of the company, actual cash market

value

* 4,840,110 16

III.--LIABILITIES.

1. Losses not 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

__

58,736 92
240,11099 24'600 00

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

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, $1,550,728.48; un-

earned premiums ^flfty per cent.)

$

323,447 91 107,566 21
A

775,364 24

QIC ggl 70
'

154

COMPTROLLER-GENERAL'S REPORT.

8. Gross premiums, without any deduction, received and receivable upon all unexpired fire risks running more than one year from date of policy, $1,808,829.72; unearned premiums (pro rata)

879,675 61

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.: Return premiums, $48,986; reinsurance, $70,266; commissions and other charges due agents, $62,829.20; total

1,655,039 85 182,081 20

20. Total amount of all liabilities, except capital stock, scrip, and net surplus
21. Deposit capital 23. Surplus beyond capital and all other liabilities

2,053,002 75 200,000 00
2,787,107 41

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 4,840,110 16

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

$ 321,580 78

3. Net collected 4. Gross premiums on risks written and re-
newed during the year

321,580 78 3,396,645 67

5. Total 6. Deduct premiums and bills in course of col-
lection at this date

3,718,226 45 279,631 17

7. Entire premiums collected during the year. 3,438,595 28 8. Deduct reinsurance and return premiums.. 1,536,754 31

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

1,901,840 97 47,820 55
100,646 09
22,410 16

15. Aggregate amount of income actually received during the

year in cash

$ 2,072,717 77

V.--EXPENDITURES DURING THE YEAR.

,,,

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $355,392.23, losses occurring in

previous years)

$ 1,549,336 19

COMPTROLLER-GENERAL'S REPORT.

155

2. Deduct all amounts actually received for salvages (whether on losses of the last or of previous year), $7,912.85, and all amounts actually received for reinsurance in other companies, $565,138.80; total deductions

573,051 65

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,

agent3 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, $10,-

586.85; repairs and expenses on real estate, $12,359 ;

loss on sale assets, $14,651.23 ; general agency expense,

$108,704.95; total

976,284 54 397,530 71 95,341 12 68,41357
146,302 03

Aggregate amount of actual expenditures during

the year in cash

$ 1,683,871 97

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

Risks written Premiums received (gross)
Lossespaid Losses incurred

1.708,435 00 27,206 32 I4-76426 I4'232 n

SOUTHERN MUTUAL EIRE INSURANCE COMPANY, OF ATHENS

W. W. THOMAS, President.

GEORGIA.

A. E. GRIFFITH, Secretarv

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

$ 1,013,482 02

II.--ASSETS.

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

the amount of incumbrances thereon)

$ 20,000 00

9. Total par and market value of stocks and bonds owned absolutely by the company carried out at market value. 977,750 00

13. Cash belonging to the company deposited in bank:
Georgia National Bank 17. Cash in hands of agents and in course of transmission ...^

10>^ " 5,13b s'

Total assets of the company, actual cash market

value

$-1,013,482 02

III.--LIABILITIES.

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

*

8.805 16

6. Net amount of unpaid losses

*

156

COMPTROLLER-GENERAL'S REPORT.

7. Gross premiums without any deduction, received and

receivable upon all unexpired Are risks running one

year or less from date of policy, $293,474.52; unearned

premiums (fifty per cent)

$

146,737 26

20. Total amount of all liabilities, except capital stock, scrip and net surplus
22. Scrip outstanding 23. Surplus beyond capital and all other liabilities

155,542 42 119,828 9 7 738,110 6 3

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

.'

$ 1,013,482 02

IV.--INCOME DURING THE YEAR.

On Fire Risks.

7. Entire premiums collected during the year$ 297,499 89

8. Deduct reinsurance and return premiums .

4,025 37

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 in-
crease, if any, in value of securities, viz.: profit and loss

15. Aggregate amount of income actually received during

the year in cash

$

293,474 52 40,011 20
574 20 334,059 92

V.--EXPENDITURES DURING THE YEAR.

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

cluding $9,073.70, losses occurring in pre-

vious years)

$ 89,095 74

3. Net amount paid during the year for losses

$

5. Scrip or certificates of profits redeemed in cash

6. laid 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

account

Aggregate amount of actual expenditures during

the year in cash

$

89,095 74 178,138 40
44,019 80
15,165 00 9^01 24
2,461 20
338,381 38

Business in the State of Georgia during the Year.

Risks written

Fire Risks. $ 28,146,304 00

Premiums received (gross)

293,474 52

Losses paid

89,095 74

Losses incurred

88 827 20

COMPTROLLER-GENERAL'S REPORT.

157

SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY SPRINGFIELD, MASS.

A. W. DAMON, President.

W. J. MACKAY, Secretary.

Principal Office, 292 Main Street.

CHRISTOPHER 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 $ 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

4. Value of lands mortgaged,exclusiveof build-

ings and perishable improvements

$ 385,400 00

5. Value of buildings mortgaged (insured for

$678,375 as collateral)

663,600 00

227,000 00 554,500 00
13,740 63

6. Total value of said mortgaged premises (car-

ried inside)

1,049,000 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

$ 2,048 20

13. Cash belonging to the company deposited

in bank: John Hancock National, $24,-

499.55; Agawam National, $31,823.82;

Third National, $234,311.26; Third Na-

tional, special department, $100,879.45 ; total.

391,514

4,536,144 00 14,875 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

393,562 28
33,495 00 371 87
508,193 78 519 59

Total assets of the company, actual cash market

value

$6,282,402 15

158

COMPTROLLER-GENERAL'S REPORT.

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

276,228 57 28,436 43

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

304,665 00 72,210 82

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, $2,338,087.26; unearned

premiums (fifty per cent.)

$ 1,169,043 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, $2,413,274.21; unearned

premiums (pro rata)

1,260,414 40

232,454 18

11. Total unearned premiums as computed above(carriedout)$ 2,429,458 03

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

2,661,912 21 2,000,000 00 1,620,489 94

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 6,282,402 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... .$ 634,893 91

4. Gross premiums on risks written and re-

newed during the year

4,424,986 76

5. Total

5,059,880 67

6., Deduct premiums and bills in course of

collection at this date

635,242 22

7. Entire premiums collected during the year 4,424,638 45 8. Deduct reinsurance and return premiums. 1,219,477 43

9. Net cash actually received for premiums (carried out). . $ 3,205,161 02

10. Received lor interest on bonds and mortgages

27,741 53

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

collateral loans, and from all other sources

177,663 51

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

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

5,851 73

15. Aggregate amount of income actually received during the

year in cash

$ 3,416,417 79

COMPTROLLER-GENERAL'S REPORT,

159

V.--EXPENDITURES DURING THE YEAR.

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

cluding $369,426.72, losses occurring in

previous years)

$ 1,878,875 38

2. Deduct all amounts actually received for

salvages (whether on losses of the last

or of previous year) 16,424.73, and all

amounts actually received for reinsu-

rance in other companies, $311,008.25;

total deductions

317,432 98

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. :' Traveling ex-

pense, $143,794.51; office and agency supplies, $15,402-

.59 ; maps, advertising, legal and incidental expenses,

$144,937.75; total

1,561,442 40 200,000 00 606,642 43 143,410 67 123,16259
304,134 85

Aggregate amount of actual expenditures during

the year in cash

$ 2,938,792 94

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

Risks written Premiums received (gross) Losses paid Losses incurred

* 1,849,395 00
33,840 54 12.648 62 . H.946 66

ST. PAUL FIRE AND MARINE INSURANCE COMPANY OF ST. PAUL, MINN.

C. H. BIGELOW, President.

A. W. PERRY, Secretary.

Home Office, corner Third and Jackson Streets, St. Paul, Minn.

I.--CAPITAL STOCK.

1. Amount of capital paid up

in cash

$ 500.000 00

Amount of ledger assets (as pr balance),

December 31, of previous year

$

Extended at..

3,324,200 85 *

3,324,200 85

160

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME.

m *Jrroe-

Marine and Inland.

Gross premiums

$ 3,106,25197 $ 707,908 05

Deduct reinsurance, rebate,

abatement and return pre-

miums

551,685 70 284,093 52

Total premiums (other than

perpetuals)

2,554,566 27

Interest on mortgage loans

Interest on collateral loans

Interest on bonds and dividends on stocks.

Interest from all other sources

Gross rents from company's property, in-

cluding $5,520 for company's own occu-

pancy

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

423,814 53 if 2,978,380 24,054 76 2,141 49 91,168 29 8,231 42

41,139 10

166,735 06 3,748 81

13. Total income

$ 3,148,864 67

-DISBURSEMENTS.

Fire. 1. Gross amount paid for losses

Marine and Inland.

(including $305,210.42, oc-

curing in previous years). .$ 1,409,041 72 $ 494,938 09

2. Deduct amount received for

salvage, $22,446.35; and for

reinsurance in other com-

panies, $294,051.65

101,053 52 215,444 48

Net amount paid for losses... 1,307,988 20 279,493 61 $ 1,587,481 81

Paid stockholders for interest or dividends (amount

declared during the year)

50,000 00

Commissions or brokerage

665,868 18

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

agents and other employees 10. Rents, for company's own occupancy

96,413 43 5,520 00

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.: general operating ex-

18,808 42 6,352 76
64,008 97 139,517 71

penses, $127,966.36 ; postage, $10,348.95 ; total

138,315 31

16. Total disbursements

$ 2,772,286 59

iv.--LEDOER ASSETS. 1. Book value of real estate unincumbered 2. Mortgage loans on real estate, first liens

$ 387,306 44 531,622 15

COMPTROLLER-GENERAL'S REPORT.

161

3. Loans secured by pledge of bonds, stocks or other collat-

erals

$ 22,730 94

4. Book value of bonds, excluding interest, $1,785,215.25;

and stocks, $422,580

2,207,795 25

5. Cash in company's office, $6,501.95; deposited in bank,

$248,629.71

255,131 66

6. Agents' balances representing business written subse-

quent to October 1, 1903

265,281 36

7. Agents' balances representing business written prior to

October 1, 1903

1,756 22

8. Bills receivable, not matured, taken for marine and in-

land risks

17,136 95

10. Other ledger assets, viz.: Due from reinsuring com-

panies

_ 12,017 96

11. Total ledger assets

3,700,778 93

DEDUCT ASSETS NOT ADMITTED.
4. Agents' balances, representing business written prior to October 1, 1903

1,756 22

9. Total admitted assets

$ 3,699,022 71

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 re-

ported and supposed losses .

3. Gross claims for losses resisted

64,966 34
172,560 29 22,046 73

4. Total 5. Deduct reinsurance due or accrued

259,573 36 12,050 37

6. Net amount of unpaid losses and claims

$ 247,522 99

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, $1,317,599 37 ; un-

earned premiums (fifty percent.)

$

658,799 68

8. Gross premiums (less reinsurance) received and receivable upon all unexpired fire risks, running more than one year from date of policy, $2,150,543.14; unearned premiums (pro rata)
9. Gross premiums (less reinsurance) (cash and bills) received and receivable upon all unexpired inland navigation risks, $155,251.40; unearned premiums (fifty
percent.)

1,200,011 09 77-625 70

12. Total unearned premiums as computed above

1,936,436 47

11 in

162

,,COMPTR0LLER-GENERAL'S REPORT.

24. Total amount of all liabilities except capital

$ 2,183,959 46

25. Capital actually paid up in cash

$ 500,000 00

26. Surplus over all liabilities

1,015,063 25

27. Surplus as regards policyholders

. 1,515,063 25

28. Total liabilities

.$ 3,699,022 71

Business in the State of Georgia during the Year.

Risks written Premiums received

Fire Risls.
$2,992,022 00 43,058 97

Marine and Inland Risks.
$25,639 00 14,585 00

Losses paid.

11,973 22

Losses incurred

10,225 59

Aggregate.
3,017,661 00 43,204 82 11,973 22 10,225 59

U. S. BRANCH SUN INSURANCE OFFICE OF LONDON, ENGLAND.

J. J. GUILE, Manager. Principal Office, 54 Pine Street, New York City. 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 and accrued on all said bond and mortgage

loans.. .

4. Value of lands mortgaged, exclusive of

buildings and perishable improvement?! 40,000 00

5. Value of buildings mortgaged (insured for

$40,000 as collateral)

47,500 00

261,000 00 57,000 00 421 66

6. Total value of all said mortgaged premises

(carried inside)

$ 87,500 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

%

364 04

12. Cash belonging to the company deposited

in bank: Merchants National Bank, New

York, $132,685.93; Bank of New York,

New York, $116,506.21; National Bank of

Commerce, New York, #3,951.18; Mer-

cantile Trust Company, $1,828.77; Com-

mercial National Bank, Chicago, $24,312-

.94; total

279,285 03

2,013,056 85

Total cash items

..$ 279,649 07

COMPTROLLER-GENERAL'S REPORT.

163

15. Interest due and accrued on stocks not included in

" market value " uncollected

,

$

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

26,204 24 274,550 33

Total assets of the company, actual cash market

value

$ 2,911,882 15

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

19,388 59
181,271 95 17,502 10

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

218,162 64 7,466 36

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, $1,469,573.82; unearned

premiums (fifty percent)

$

8. Gross premiums without any deduction,

received and receivable upon all unex-

pired fire risks running more than one

year from date of policy, $1,932,535.13;

unearned premiums (pro rata)

$ 734,786 91 994,164 89

210,696 28

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

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

agency and other miscellaneous expenses

19. All other demands against the company, absolute and

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

tested, viz.: Reinsurances

;

1,728,951 80 5,496 21
6,610 00

20. Total amount of all liabilities, except capital stock, scrip
and net surplus 23. Surplus beyond capital and all other liabilities

1,951,754 29 960,127 86

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,911,882 15

IV.--INCOME DURING THE YEAR. On Fire Risks.
7. Entire premiums collected during the year$ 2,632,245 03 8. Deduct reinsurance and return premiums . 609,696 42
9. Net cash actually received for premiums (carried out) . .$ 10. Received for interest on bonds and mortgages
.eceived for interests and dividends on stocks and bonds, collateral loans and from all other sources

2,022,548 61 5.807 78
71,192 58

104

COMPTROLLER GENERAL'S REPORT.

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

crease, if any, in value of securities, viz.: Rents, $10,-

737 05; interest on bank balances, $3,974.67; profit on

sale of bonds, $2,218.75 ; total.

$

16,930 47

15. Aggregate amount of income actually received during

the year in cash

$ 2,116,479 44

V.---EXPENDITURES DURING THE YEAR.

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

cluding $160,527.58, losses occurring in

previous years)

$ 1,091,648 84

2. Deduct all amounts actually received for

salvages, whether on losses of the last or

of previous year, $8,539.96; and all

amounts actually received for reinsu-

rances in other companies ; $75,125.47 ;

total deductions

83,665 43

3. Net amount paid during the year for losses 6. Paid for commissions or brokerage

$ 1,007,983 41 543,435 20

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

112,817 53

States, 9. All other payments and expenditures, viz.: Rents, $21,-
266.72 ; general and agency expenses, $76,352.31 ; postage, $9,648.78; advertising, $6,729.28; stationery and printing, $8,632.45 ; maps, $3,985.71 ; total

53,771 38 126,615 25

10. Amount sent to home offices during the year $175,010.83.

Aggregate amount of actual expenditures during

the year in cash

I 1,844,622 77

Business in the State of Georgia during the Year.

Fire Risks.

Risks written

$ 1,569,827 00

Premiums received (gross)

30,253 75

Losses paid

Losses incurred



8,304 42 11,925 77

COMPTROLLER-GENERAL'S REPORT.

165

SUN FIRE INSURANCE COMPANY OF NEW ORLEANS, LOUISIANA.

OHABLES JANVIEK, President.

FERGUS G. LEE, Secretary.

Principal Office, 308 Camp Street, New Orleans.

I.--CAPITAL.

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

$ 500,030 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)

$

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 .... $

256 83

13. Cash belonging to the company deposited

in bank

25,082 50

35,000 00 983,036 00

Total cash items Reinsurance on losses already paid Premiums in course of collection

25,339 33 882 03
54,409 77

Total assets of the company, actual cash market

value

* 1,098,667 13

III.--LIABILITIES.

1. Losses due and unpaid

$

2. Gross losses in process of adjustment or in

suspense, including all reported and sup-

posed losses

S. Losses resisted, including interest, costs and

other expenses thereon



9,180 11
21,315 89 1.885 00

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

32,381 00 2,398

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, $266,736.30; unearn-

ed 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,.$175,038.50 ; un-

earned premiums (pro rata)

$ 133,368 15 90,072 10

11. Total unearned premiumsascomputed above (carried out) 14. Amount of dividends, declared but not yet due

29,983 00
223,440 25 25,000 00

166

COMPTROLLER-GENERAL'S REPORT.

15. Dividends declared and remaining unpaid or uncalled for i 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 reinsurances

1,020 00 37,000 00
12,293 69

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

328,742 94 500,000 00 269,924 19

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 1,098,667 13

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

$ 40,712 40

3. Net collected 4. Gross premium? on risks writ-
ten and renewed during the year

40,712 40 510,470 23 $ 29,667 90

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

557,182 63
54,409 77 502,772 86 189,292 42

29,667 90
29,667 90 10,408 24

9, Net cash actually received for premiums (carried out) . . 313,480 44

19,259 66 $ 332,740 10

10. Received for profit and I03S, $332.22; bills payable,

$98,000.00

98,332 22

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

35,776 00 2,500 00

15 Aggregate amount of income actually received during

the year in cash

$ 469,348 32

V--EXPENDITURES DURING THE YEAR.

On Marine aid On Fire Risks. Inland Risks.
Gross amouut actually paid

for losses (including $41,-

195.70, losses occurring in

previous years)

$ 195,204 23 $ 21,602 91

COMPTROLLER-GENERAL'S REPORT.

167

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 . . . .

35,980 21

14,032 67

3. Net amount paid during the

year for losses

159,224 02

7,570 24

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

$50,000.00)

6. Paid for commissions or brokerage

, ..

7. Paid for salaries, fees and other charges of 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, $2,-

500 00; taxes on assets, $1,791.55; taxes on realty,

$1,050.00; interest on bills payable, 33,612.03; general

expenses or sundries, $33,301.47; bills payable, $101,-

000.00; total

$ 166,794 26 51,072 50 55,181 83 23,509 92 10,747 72
143,255 05

Aggregate amount of actual expenditures during

the year in cash

$ 450,561 28

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

Risks written Premiums received (gross)
Los3es paid Losses incurred

,'.'.' \\\

$ 2,418,079 00 46,321 70 16,262 04 12,697 03

TRADERS INSURANCE COMPANY OF CHICAGO, ILL.

TKIES J. LKFEKS, President.

8. A. ROTHEBMKL, 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' 500>000 00

II.--ASSETS.

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

the amount of incumbrances thereon)

?

168

COMPTROLLER-GENERAL'S REPORT.

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

first liens on the fee simple)

$

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

interest accrued thereon

4. Value of lands mortgaged, exclusive of

buildings and perishable improvements.$ 558,267 50

5. Value of buildings mortgaged (insured for

$87,395 as collateral)

194,157 50

213,300 00 5,125 98

6. Total value of said mortgaged premises

(carried inside)

752,425 00

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

absolutely by thecompany, carried out at market value

12. Cash in company's principal office

$

654 96

13. Cash belonging to the company deposited

in bank: Corn Exchange National Bank. 231,113 36

2,081,827 40

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.. .

Due from other companies for losses paid and premiums

advanced

231,768 32
6,376 76 175,925 79
28,377 82

Total assets of the company, actual cash market

value

$ 2,774,695 91

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

24,464 69
126,306 13 9,500 00

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

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, $1,027,490.48; un-

earned 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, $978,239.32; unearned

premiums (pro rata)

160,270 82 42,295 11
$
513,745 24
541,916 12

117,975 71

COMPTROLLER-GENERAL'S REPORT.

169

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, $3,135.51; all other items, $21,122.90

1,055,661 36 24'258 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

1,197,895 48 500,000 00
1,076,800 43

24 Aggregate amount of all liabilities, includingcapital paid

up and net surplus

* 2,774,695 91

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

$ 174,976 98

3. Net collected

174,976 98

4. Gross premiums on risks written and re-

newed during the year

2,068,161 09

5. Total

2,243,15807

6. Deduct premiums and bills in course of col-

lection at this date

178,587 97

7. Entire premiums collected during the year 2,064,570 10 8. Deduct reinsurance and return premiums . 663,263 45

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, omittine increase,
if any, in value of securities, viz.: Rents Sale of Board of Trade membership

1,401,306 65 5>632 09
98,196 68
2'nn no 3'600

15. Aggregate amount of income actually received during

the year in cash

"' '

y --EXPENDITURES DURING THE YEAR.

On Fire Risks.

1. Gross amount actually paid for losses (in-

cluding $118,195.12, losses occurring in

previous years)

$

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year) $3,609.26; and all

812,385 40

170

COMPTROLLER-GENERAL'S REPORT.

amounts actually received for reinsurances in other companies, $127,058.79; total deductions

130,668 05

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.: Rent, postage,

printing supplies and miscellaneous expenses

Items charged to profit and loss

681,717 35
50,000 00 314,224 22
94,492 15
45,747 26
86,691 42 75 83

Aggregate amount of actual expenditures during

the year in cash

$ 1,272,948 23

Business in the State of Georgia during the Year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fire Risk?.
1,960,311 00
33,355 56 8,446 75 7,236 28

UNION ASSURANCE SOCIETY, OF LONDON, ENGLAND.
HALL & HBNSHAW, U. S. Managers. Principal Office in the United States, 35 Pine Street, New York City.
C. L. STOXEY, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL.
1. Whole amount of capital stock--statutory deposit.

.$ 205,000 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 ab-

solutely by the company, carried out at market value

12. Cash in company's principal office.

62 69

13. Cash belonging to the company deposited in

bank: National City Bank, New York,

$58,526.85: Canadian Bank of Commerce,

San Francisco, $14,639.67 ; total

73,166 52

200,000 00 1,238,990 00

Total cash items

73,229 21

COMPTROLLER-GENERAL'S REPORT.

171

15. Interest due and accrued on stocks not included in

" market value" uncollected

I

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

agents' balances



13,228 35 171,087 31

Total assets of the company, actual cash market

value

v

* 1,696,534 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

48,330 32
60,482 89 12,622 50

4. Total gross atiount of claims for losses. ... 5. Deduce reinsurance thereon

121,435 71 14,938 21

6. Net amount of unpaid losses

7. Gross premiums, without any deduction, re-

ceived and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $906,444.18; un-

earned premiums (fifty per cent.)

8. Gross premiums, without any deduction,

received and receivable upon all unex-

pired Are risks running more than one

year from date of policy, $481,075.37; un-

earned premiums (pro rata)

$

* 453,222 09 247,994 54

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.: Return premiums, $765; reinsurance,
$9,791.44

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

and net surplus



23. Surplus beyond capital and all other habdities

106,497 50
701,216 63 J10,_55b 44 ^^ ^ STO'DRA so 87VtS4W

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

up and net surplus

*' '

jy.--INCOME DURING THE YEAR.

4. Gross premiums on risks written and re-

newedduring the year

$ 1,625,359 97

7. Entire premiums collected during the year 1'625-3f 9J 8. Deduct reinsurance and return premiums. 579,056 8J

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

1,046,303 08

172

COMPTROLLER-GENERAL'S REPORT.

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

collateral loans, and from all other sources: Interest,

$32,793.63; rent, $15,243.11 ..'

$

Profit on sale of U. S. bonds

48,036 74 32,829 57

15. Aggregate amount of income actually received during

the year in cash

$ 1,127,169 39

V.--EXPENDITURES DURING THE YEAR.

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

cluding .$102,915.56, losses occurring in

previous years)

$ 635,374 84

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $6,340.48; and all

amounts actually received for reinsur

ances in other companies, $93,508 33 ;

total deductions

),848 81

3. Net amount paid during the year for losses

$

4. Cash dividends actually paid stockholders (amount of

stockholders' dividends declared during the year),

cash to home 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.: Repairs of

real estate, printing, stationery, advertising, traveling,

boards, maps, postage, office expenses, rent

Aggregate amount of actual expenditures during

the year in cash

$

535,526 03
4,090 49 272,930 00
44,875 7128,366 78
48,112 66 933,901 67

Business in the State of Georgia during the

Risks written

Premiums received (gross)

Losses paid

.'

Losses incurred

Year.

Fire Risks.
$942,016 00 8,622 39 1,947 56 2,371 31

COMPTROLLER-GENERAL'S REPORT.

173

WESTERN ASSURANCE COMPANY OF TORONTO, CANADA.

HON. GEORGE A. Cox, President. .

C. C. FOSTER, Secretary.

Principal Office, 22 Wellington Street, East Toronto.

GEORGE J. DEXTER, Atlanta, 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

absolutely by the company carried out at market value

12. Cash in company's principal office

$

144 15

13. Cash belonging to the company deposited

in bank

__i4!^!!Z!

20,000 00 1,770,306 39

Total cash items 17. Cash in hands of agents and in course of transmission . . 18 Bili.lns,larnedjceriivsak, bsle, not matured, taken for fire, marine and

143,912 88 495,847 77
2^7,'421 85

Total assets of the company, actual cash market

value

2,457,488 89

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

6. Net amount of unpai.d, l, osse,,,,s

7. Gross premiums without any deduction,

received and receivable upon all unex-

pired Are risks running one year or less

from date of policy, $1,659,293.92; un-

earned premiums (fifty per cent.)

I

8. Gross premiums without any deduction, received and receivable upon all unex-

pired fire risks running more than one year from date of policy, $1,037,491.53; unearned premiums (pro rata)

9. Gross premiums without any deduction

(including both cash and bills), received and receivable upon all unexpired inland navigation and marine risks $199,997.99

(fifty per cent.)

27,891 87 96.802 87 7,302 79
$
82,b40 yo
540,ui4 o ^ ^

131,997 53

174

COMPTROLLER-GENERAL'S REPORT.

10. Gross premiums without any deduction, received and re-

ceivable on all unexpired marine risks

$

6,347 18

11. Total unearned premiums as computed above (carried out) 1,476,007 77

19 All other demands against the company, absolute and

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

tested, viz.: Commissions

64,675 79

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

1,672,681 09
201,000 00 583,807 80

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$ 2,457,48S

-INCOME DURING THE YEAR.

Ounn FriirreeitRiSiKskSs. 0InlllM anadriR neisakn,,_d
1. Gross premiums and bills in

course of collection at

close of last previous year,

as shown by that year's

statement

$ 438,907 48 $ 81,182 33

Net collected Gross premiums on risks
written and renewed during the year

438,907 48 2,838,477 72

81,182 33 606,395 37

5. Total (!. Deduct premiums and bills
in course of collection at this date

3,277,385 20 428,400 67

687,577 70 94,868 95

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

2,848,984 53 743,074 29

592,708 75 100,146 92

9. Net cash actually received

for premiums (carried out)$ 2,105,91Q 24 $ 492,561 83 $2,598,472 07

10. Received for interest on bonds and mortgages

1,080 80

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

collateral loans, and from all other sources

66,037 45

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

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

7,824 38

1"). Aggregate amount of income actually received during

the year in cash

$ 2,673,414 70

COMPTROLLER-GENERAL'S REPORT.

175

-EXPENDITURES DURING THE YEAR.

On Fire Risks.

On Marine and Inland Risks.

1. Gross amount paid for losses

(including $127,135.17,

losses occurring in previ-

ous years)

$ 1,222,792 13 $ 407,374 42

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

80,226 21 27,064 46

3. Net amount paid during the

year for losses

1,142,565 92 380,309 96 $ 1,522,875 88

6. Paid for commissions or brokerage

517,868 93

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

agents, and all other employees

92,772 65

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

States

64,614 26

9. All other payments and expenditures, viz.: General ex-

penses

155,041 49

Aggregate amount of actual expenditures during

the year in cash

$ 2,353,173 21

Business in the Stale of Georgia during the Year

Risks written Premiums received (gross) Losses paid Losses incurrel

Fire Risks.
$2,400,175 00 29,791 29 10,089 90 8,591 75

Marine and Inland Risks.

AAgrSorrepgrnatt*e-

$297,977 00 $2,698,152 00

1,134 73 30,931 02

10,089 90

8,591 75

WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK.

GEORGE R. CRAWFORD, President.

MORELL O. BROWN, Secretary.

Principal Office, 66 Wall Street, New York.

I.-- CAPITAL.

1. Amount of capital paid up in cash.$300,000 00

Amount of ledger assets (as per balance),

December 31, of previous year . Extended at

$ 3,040,857 03 $ 3,010,857 03

176

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME.

1. Gross premiums

$ 2,667,517 84

2. Deduct reinsurance, rebate, abatement and

return premiums

655,476 68

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

$ 2,012,041 16 22,399 78 89,878 69
306 90 1,905 31

10. Total interest and rents 11. Profit on sale or maturity of ledger assets 12. From all other sources: Premiums of previous years
collected in 1903

114,490 68 2,741 37
10,340 16

13. Total income

$ 2,139,613 37

III.--BISBCRSEMENTS.

Fire.
1. Gross amount paid for losses (including

1*141,670.95, occurring in previous years).$ 1,097,631 85

2. Deduct amount received for salvage, $1,-

952.48, and for reinsurance in other com-

panies, $136,073.62

138,026 10

3. Net amount paid for losses

$

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

clared during the year)

8. Commissions or brokerage

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

agents and other employees

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, viz.: Postage, $13,469.87; tele-

graph and express, $3,401.36; advertising, 3,764.09;

printingandstationery,|22,549.84;firepatrols,|5,227.68;

general agency, traveling and all other expenses, $119,-

341.58 ; premiums of previous years charged to suspense

account, $3,222.36 ; total

959,605 75 48,000 00 478,491 69 126,547 64 3,356 54 850 50 8,645 50 44.121 99 6,392 21
170,976 78

16. Total disbursements

.$ 1,846,988 60

-LEDGER ASSETS.

1. Book value of real estate, unincumbered

$ 250,075 07

2. Mortgage loans on real estate, first liens

363,650 00

4. Book value of bonds, excluding interest, $570,547.46, and

stocks, $1,715,509.68

2,286,057 1 I

COMPTROLLER-GENERAL'S REPORT.

177

'5. Oash in company's office, $3,051.71; deposited in bank,

599,508.44 ; total

S

6. Agents' balances, representing .business written subse-

quent to October 1, 1903

7. Agents' balances, representing business written prior to

October 1, 1903

102,560 25 390,599 24
30,540 10

11. Total ledger assets

3,333,481 80

NON-LEDGER ASSETS.

12. Interest due, $2,540 17, and accrued, $2,319.35,

on mortgages

$

13. Interest accrued on bonds and stocks

4,859 52 10,235 00

17. Total 18. Market value of real estate over book value 19. Market value of bonds and stocks over book value

15,094 52 2,924 93 126,042 86

.21. Gross assets

3,477,544 11

DEDUCT ASSETS NOT ADMITTED. 4. Agents' balances, representing business written prior to
October 1, 1903

30,540 10

9. Total admitted assets

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 re-

ported and supposed losses

3. Gross claims for losses resisted

1. Total 5. Deduct reinsurance due or accrued

$ 3,447,004 01
33,198 58
143,672 88 15,900 00
192,771 46 28,350 36

6. Net amount of unpaid losses and claims

$ 164,121 10

7. Gross premium-; (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, $1,350,373.79; un-

earned premiums (fifty per cent.)

$

675,186 89

8. Gross premiums (less reinsurance) received and receivable upon all unexpired fire risks running more than one year from date of policy, $1,953,907.81; unearned premiums (pro rata)

1,042,281 20

12 Total unearned premiums as computed above 19. Salaries, rents, expenses, taxes, bills, accounts, fees, etc
due or accrued

1,717,468 09 16,491 60

24. Total amount of all liabilities except capital

1,898,380 79

12 in

178

COMPTROLLER-GENERAL'S REPORT.

25. Capital actually paid up in cash 26. Surplus over all liabilities

$ . 300,000 00 1,248,623 22

27. Surplus as regards policy-holders

$ 1.548,623 22:

28. Total liabilities

* 3,447,004 01

Business in the State of Georgia during the Year.

Risks written

$

Premiums received

Losses paid

Losses incurred

Fire Risks. 2,463,971 00
37,691 75 12,190 2S 14,822 01

WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF' BROOKLYN, NEW YORK.

MARSHALL S. DRIGGS, President.

FREDERICK H. WAY, Secretary.

Principal Office, 13 Broadway.

W. 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 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, $1,350; interest accrued thereon, SI,114.45 ; total

4. Value of lands mortgaged, exclusive of buildings and perishable improvements.?
5. Value of buildings mortgaged (insured for $222,500 as collateral)

209,750 00 217,500 00

672,929 76 253,200 00
2,464 45

6. Total value of said mortgaged premises

(carried 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 and bonds and all other

securities (except mortgages)

12. Cash in company's principal office

$

1,525 29

13. Cash belonging to the company deposited

in bank: First National of Brooklyn,

$88,387.25; Williamsburgh Trust Co., $5,-

963.69 ; Chatham National, $2,357.97 ; Me-

chanics National, $1,017.69; total

97,726 60

1,217,516 00 36,000 00

Total cash items

99,251 89'

COMPTROLLER-GENERAL'S REPORT.

179=

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 ot transmission. .

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

and accrued

6,026 20
160 41 168,284 29
6,740 54

Total assets of the company, actual cash market

value

$ 2,462,573 54

III.--LIABILITIES.

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

89,722 23 7,515 00

Total gross amount of claims for losses Deduct reinsurance thereon

6. Net amount of unpaid losses

7. Gross premiums without any deduction, re-

ceived and receivable upon all unexpired

fire risks running one year or less from

date of policy, $720,621.77 ; 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, 3976,701.03 ; un-

earned premiums (pro rata)

97,237 23 15,554 57
$
360,310 89
507,621 38

11. Total unearned premiums as computed above'carried out)S

19. All other demands against the company, absolute and

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

tested, viz.: Miscellaneous

_

81,682 66
867,932 27 32,441 74

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

and net surplus

982,056 67

21. Joint stock capital actually paid up in cash

250,000 00

23. Surplus beyond capital and all other liabilities

_ 1,230,516 87

24. Aggregate amount of all liabilities, including capital paid

up and net surplus

$ 2,462,573 54

IV.--INCOME DURING THE YEAR.

On File Risks

1. Gross premiums and bills in course of col-

lection at close of last previous year, as^

shown by that year's statement

S

2. Deduct amount of same not collected

148,292 21 11,463 38

3. Net collected

131,828 83

180

COMPTROLLER-GENERAL'S REPORT.

4. Gross premiums on risks written and re-

newed during the year

1,363,227 39

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

1,495,056 22 168,420 48 '

7. Entire premiums collected during the year 1,326,635 74 8. Deduct reinsurance and return premiums. 271,371 64

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

1,055,264 10 12,585 92
53,847 98
35,780 72

15. Aggregate amount actually received during the year in

cash

$ 1,157,478 72

V.--EXPENDITURES DURING THE YEAR.

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

cluding $74,021.05, losses occurring in pre-

vious years)

$ 580,854 62

2. Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), $4,951.19, and all

amounts actually received for reinsu-

rance in other companies, $74,084.76;

total deductions

79,035 95

Net amount paid during the year tor losses Cash dividends actually paid stockholders (amount of
stockholders' dividends declared during the year, $75,000) Paid for commissions or brokerage Raid for salaries, fees anil other charges of officers, clerks, agents and all other employees Paid lor State, national and local taxes in this and other
ates All other payments and expenditures

501,818 67
75,198 00 268,817 47
88,757 65 44,737 78 57,663 41

Aggregate amount of actual expenditures during

the year in cash

$ 1,036,992 98

Butineta in the State of Georgia during the
Kisks written Premiums received (gross) Losses paid Losses incurred

Year.
Fire Risks. $ 1,398,518 00
20,828 19 6,323 76 6,181 92

COMPTROLLER-GENERAL'S REPORT.

1S1

.ETNA LIFE INSURANCE COMPANY OF HARTFORD, CONN.

M. G. BULKELEY, President. _

J L. ENGLISH, Secretary.

Home Office, 650 Main Street, Hartford, Conn.

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

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

S 2,000,000 00

Amount of ledger assets (as per balance)

December 31, 1902

$59,763,964 76

Iucreasdof capital during the year . . . . 250,000 00

Extended at

* 60,018,964 76

II. --INCOME

As shown by the books at home office at close of business Dec. 81, 1903.

1. First year's premiums on original policies

without deduction for commissions or

other expenses, less $177.59 for first year's

rt insurance

$ 1,109,816 34

2. Surrender value applied to pay first year's

premiums

6,902 87

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 ......

7. Consideration for supplementary contracts

involving life contingencies

1,116,749 21 15,011 81
290,710 76 5,000 00

8. Total new premiums, life business 9. Renewal premiums without deduction for
commissions or other expenses, less $8,778.75 for reinsurance on renewals . . $ 10. Dividends applied to pay renewal premiums 11. Surrender values applied to pay renewal premiums
13. Total renewal premiums, life business . .

_ $
6,982,364 23 486,163 52 453 30

1,427,471 7,468,981 05

14. Total premium income, life business

15. Consideration for supplementary contracts not involving

life contingencies

18. Interest on mortgage loans

$

19. Interest on collateral loans 20. Interest on bonds and dividends on stocks

1,414,461 2:! 46,528 18
1,036,88!) 12

21. Interest on premium notes, policy loans or liens

205,082 86

8,896,452 83 4,464 00

182

COMPTROLLER-GENERAL'S REPORT.

22. Interest on other debts due the company, and on deposits in banks
23. Discount on claims paid in advance. . . 24. Rent from company's property, including
$20,000.00 for company's own occupancy

62,383 62 1,017 52
46,335 33

25. Total interest and rents

,

$ 2,812,698 16

26. Profit on sale or maturity of ledger assets

8,199 03

Profit and loss--(old agents' balance)

259 50

Premium income, accident, health and liability business 2,836,801 04

28. Total income

$ 14,558,874 56

III.-- DISBURSEMENTS.

As shown by the books at home office at close of business Dec. 31, 1903.

1. Fordeath claims (less$),563.00 reinsurance) $ 2,825,461 92

2. For ma.ured endowments

1,607,639 00

3. Net amount paid for losses and matured endowments
4 For annuities involving life contingencies 6. Surrender values paid iu cash 7. Surrender values applied to pay new pre-
miums, $6,902.87; to pay renewal premiums, I45L.30 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 11. Dividends applied to purchase paid-up additions and annuities

4,433,100 92 814 99
193.587 64
7,356 17
290,710 76 177,930 61 486,163 52
15,011 81

12. Total paid policy-holders

$

13. Paid for claims on supplementary contracts not involv-

ing life contingencies

14. Paid stockholders for interest or dividends

15. Commissions and bonuses to agents (less commissiou on

reinsurance), first year's premiums, $607,758.2$; re-

newal premiums, $407,142.63

17. Salaries and allowances for agencies, including mana-

gers, pgents and clerks

18. Agency supervision, traveling and all other agency ex-

penses

19. Medical examiners' fees, $79,342.00; inspection of risks,

$16,440.03

20. Salaries and all other compensation of officers and home

office employees .

21. Rent, including $20,000 00 for company's own occupancy

22. Advertising, $12,571.66; printing and stationery, $25,-

606.16; postage, $38,140.05 23. Legal expenses

5,604,726 42 6,345 00
193,750 CO
1,014,900 91 33,477 C2 19,531 01 95,782 03 186,961 91 48,868 08 76,377 87 26,842 33

COMPTROLLER-GENERAL'S REPORT.

183

:24. Furniture, fixtures and safes 25. Insurance, taxes, licenses and department fees 26. Taxes on real estate

$

8>047 24

296,27176

10'688 94

27. Repairs and expenses (other than taxes) on real estate .

23,051 89

29. All other disbursements: Exchange, $1,867 40; supplies,

$35,930.14; express, $5,503.60; telegraph, $3,107.45; in-

cidentals, $2,517.21

;

48'925 80

Total disbursements--accident, health and liability busi-

ness



2,171,'454 98

30. Total disbursements

* 9,866,003 19

IV.--LEDGER ASSETS.

1. Book value of real estate 2. Mortgage loans on real estate

* 620,945 24 29,8 J4,2US Zi

3. Loans secured by pledge of bonds, stocks, or other col-

lateral

1'181'769 19

4. Loans made to policy-holders on this company's policies

assigned as collateral

; 2-945>678 00

5. Premium notes on policies in force, of which $6,848.30 is

for first year's premiums

3o9,8o8 60

6.

Bosotokckivsa,lu*$o-e,2.->bo-.o>2n,-5df6isl.0C(\5Kexcluding

interest),

$18,309,087.62;



23.,;5.6'1,,,64,,8

6,,Q7

Diposited in trust companies and banks on interest . . . 6,loifib\) ,v

Cash in company's office, $131,659 86 ; deposited in banks

(not on interest), $2,700,228.98

-8?1'88* 4

Bills receivable, $30,158.54; agents' balances, $28,111.03

08,^ '

10. To.tal, ,led, ger asset. s

64,711,836 13

NON-LEDGER ASSETS.

11. Interest due, $65,430.61, and accrued, $394,-

628.33, on mortgages

$

12. Interest due, $6,476.72, and accrued, $130,657.97, on bonds and stocks
13. Interest due, $12,917.94, and accrued, $2,163.27, 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, $120.83, and accrued, $2,141.17,
on company's property or lease ....

460,0o8 94
137,134 69 lo>081 21 240,667 -.7
154 0/ 2,-6a w

17. Total interest and rents due and accrued

19.

Market value of

bonds and stocks
New Business.


Renewals.

21. Gross premiums due and un-

reported on policies in force

December 31, 1903

*

,,,,,,,,,, ,,i 10,040 13 $ 414,8/9 21

22. Gross deferred premiums on policies in force December 81, 1903

44'86190

32'56924

8S5,358 18 i ,-*>-<


18-t

COMPTROLLER-GENERAL'S REPORT.

23. Totals 24. Deduct loading 20 per cent . .
25. Xet amount of uncollected and deferred premiums . .
27. Gross assets

54,302 03 740,448 45 10,980 -II 148,0351 69

43,921 62

592,358 76 $ 636,280 38 68,127,703 65

DEDrCT ASSETS NOT ADMITTED.

30. Agents' debit balances

$

32. Bills receivable

33. Premium notes or loans on policies and net

premiums in excess of the net value of

their policies

28,794 SO 30,158 54
887 57

35. Total

59)841 00

36. Total admitted assets

8 68,067,862 65

V.--LIABILITIES.

1. Net present value of all the outstanding policies in force on the 31st day of December, 1903, as computed by the company, with four per cent, interest on old business and on three and one-half per cent, basis on business issued siuce Janu-

ary 1, 1901

$ 57,622,073 00

Same for annuities (including those in re-

duction of premiums)

15,000 00

Total

.$ 57,637,073 00

Deduct net value of risks of this company

reinsured in other solvent companies .

51,052 00

Net reserve

.+ 57,586,021 00'

2. Present value of amouuts not yet due on supplementary

contracts not involving life contingencies, computed

by the company

62,863 00-

3. Liability ou policies cancelled upon which a surrender

value may be demanded

7,942 00'

5. Claims for death losses in process of adjust-

ment or adjusted and not due . . . '. . $ 97,429 00

6. Claims for death losses which have been

reported and no proofs received ....

55,754 00

7. Claims for matured endowments due and

unpaid

45,092 00

8. Claims for death losses aud other policy

claims resisted by the company ....

24,000 00

10. Total policy claims

$

12. Premiums paid in advauce, including surrender value

BO applied

13. Commissions due to agents ou premium notes when paid

222,275 00'
34,764 67 ' 1,992 52

COMPTROLLER-GENERAL'S REPORT.

185

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 duriug

1904

21. Dividends apportioned, payable to policy-holders sub-

sequent to 1904: 19V,, $170,189.38; 190, $102,63840;

1907,176,750.40; 1903, $50,863.80; 1909, $1,695.36; 1910,

$461.80 ; total

Other liabilities: Special reserve in addition to reserve

above given

10,000 00 86,506 12 338,55997
402,599 14 2,186,188 00

Total liabilities, life business

$60,939,71142

Total liabilities, accident, health and liability business. 1,456,394 68

23. Capital stock 24. Unassigned funds (surplus)

^000,000 00 3,6<l,7o6 oo

25. Total liabilities

$68,067,S62 65

Business in Georgia during ion:. No.

Policies on the lives of citizens of said State in force De-

cember 31, 1902

-'221

Policies on the lives of citizens of said State issued, in-

creased and revived during the year

220

Amount. $4,357,280 00
443,511

Total

.-

2451

Deduct ceased to be in force and decreased during the

year

280

4,800,791 00 495,691 00

Policies in force, December 31, 1903.

2141

No.

Losses and claims incurred during the year

39

Losses and claims settled during the year, in cash,

83,707.11; by compromise, K310.S9

36

4,305,100 00 Amount. 86,234 00
81,024 00

Losses and claims unpaid December 31, 1903

3

Premiums collected or secured in cash and notes or

credits, without any deduction for losses, dividends, commissions or other expenses

2,310 00 $133,678 11

186

COMPTROLLER-GENERAL'S REPORT.

CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD, CONN.

JACOB L. GREENE, President.

HERBEBT H. WHITE, Secretary.

Home Office, 36 Pearl Street, Hartford, Conn.

MAX L. BYCK, Savannah, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of ledger assets of previous year. .$63,182,791 32

Extended at

$ 63,182,791 32

II.--INCOME.

As shown by the books at home office at close of business December 31,1903.

1. First year's premiums on original policies

without deduction for commissions or

other expenses

S

2. Surrender values applied to pay first year's

premiums

339,279 33 1,033 22

3. Tot^l first year's premiums on original poli-

cies

:

5. Surrender values applied to purchase paid-

up insurance and annuities

6. Consideration for original annuities involv-

ing life contingencies

390,312 55 65,481 96 13,635 66

8. Total new premiums 9. Renewal premiums without deduction for
commissions or other expenses 10. Dividends applied to pay renewal premi-
ums

* 3,748,357 17 1,101,132 25

469,430 17

11. Surrender values applied to pay renewal premiums

6,162 47

13. Total renewal premiums

~~7^~~.77"f7 4,855,651 89

14. Total premium income

17. Pre nium notes, loans or liens restored by revival of poli-

cies

18. Interest o.n mortgage loans

$ 1,231,033 70

19. Interest on collateral loans. . .

577 71

20. Interest on bonds and dividends on stocks. 1,122,339 11

21. Interest on premium notes, policy loans or

liens

36,942 02

22. Interest on other debts due the company. .

11.224 09

23. Discount on claims paid in advance

2,486 97

24. Rent from company's property, including

$35,000 for company's own occupancy. ..

531.940 25

5,325,082 06 545 38

25. Total interest and rents

2,936,543 85

28. Total income

$ 8,262,171 29

COMPTROLLER-GENERAL'S REPORT.

187

III.--DISBURSEMENTS

As shown by the books at horns office at close of business Dioemb er 31,1903.

1. For death claims

$ 4,339,641 75

2. For matured endowments

356,434 10

3. Net amount paid for losses and matured

endowments

$ 4,696,075 85

4. For annuities involving life contingencies . 5. Premium notes, voided by lapse 6. Surrender values paid in cash

11,203 57 919 00
506,203 34

7. Surrender values applied to pay new pre-

miums, $1,033.22 ; renewal premiums, $6,162.47

7,195 69

8. Surrender values applied to purchase paid-

up insurance and annuities

65,481 96

9. Dividends paid to policy-holders in cash... 258,679 19

10. Dividends applied to pay renewal premiums ^ 1,101.132 25

12. Total paid policy-holders

$

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums, $96,661.81; renewal premiums, $302,483 18; on annuities (original) $75.85 .

17. Salaries and allowances for agencies, including manag-

ers, agents and clerks 18. Agency, supervision, traveling, and all other agency ex-

penses 19. Medical examiners' fees 20. Salaries and all other compensation of officers and home

office employees 21. Rent, including $35,000 for company's own occupancy,

- less $571.40 received under sublease 22. Advertising, $30,594.44; printing and stationery, $25,-

831 93; postage, $16,064.89

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: Express, $2,656.91; telegraph,

$1,263.58; miscellaneous, $14,667

6 646,890 85
399,220 84
15,100 00
13,924 48 22,131 40
166,363 53
43,003 20
72,491 26 17,897 98 217,637 32 205,007 96 229,591 93 165,585 48
18,587 49

30. Total disbursements

$ 8,233,433 72

IV.--LEDGER ASSETS.

Home office property



{ Book value of real estate unincumbered

Mortgage loans on real estate, first liens

1,913,700 50 9,337,910 10
24,836,415 06

Loans secured by pledge of bonds, stocks or other collat-

30,000 00

eral. Premium notes on policies in force

577,521 21

Book value bonds (excluding interest), $25,077,384.69

stocks, $829,076.25

25,906,460 94

188

COMPTROLLER-GENERAL'S REPORT.

7. Deposited in trust companies and banks on interest: .1.

P. Morgan & Co., New York ; $50,758.21; First National

Bank, Hartford, $49 907.16 ; State Bank. Hartford,

$144,395.59; Phoenix National Bank, Hartford, $116,-

932.29

$

8. Cash deposited in bank-; (not on interest), Conn. Trust &

S. D. Co., Hartford, $233,931.52; City Bank, Hartford,

$22.003.92.

9. Bills receivable, $4S2.08 ; agents' balances; $110.33

352,993 25
255,935 44 592 39

10. Total ledger assets

63,211,528 89

NON-LEDGER ASSETS.

11. Interest due, $36,847.92, and accrued, $480,-

289.76, on mortgages

$

12. Interest due, $12,533, and accrued, $250 -

809.84, on bonds and stocks

13. Interest due and accrued on collateral loans

14. Interest due, $118,315.92, and accrued, $17,-

703.60, on premium notes, policy loans or

liens

16. Rents due, $7,368.46, and accrued, $5,775.09,

on company's property or lease

517,137 68 263,309 84
437 50
136,024 52 13,143 55

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 re-

ported on policies in force

December 31, 1933

$ 19,438 82 8

22. Gross premiums deferred on

policies in force December

31, 1903

32,890 96

Renewals. 55,663 81 339,421 97

23. Totals 24. Deduct loading 20 per cent. .

52.329 78 10,465 96

396,085 78 79,217 16

25. Net amount of uncollected and deferred premiums. . .

41,863 82 316,869 62

930,053 09 433,232 81
358,732 44

27. Cross assets

64,933,547 23

DEDUCT ASSETS NOT ADMITTED.

30. Agents' debit balances 32. Bills receivable

S

110 33

482 06

35. Total

592 39

36. Total admitted assets

$ 64,932,954 84

COMPTROLLER-GENERAL'S REPORT.

189

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, as computed by the company on

the combined experience and American

tables of mortality, with 4 and 3 per

cent, interest

$ 57,806,000 00

Same for annuities (including those in re-

duction of premiums)

107,313 00

Net reserve

$ 57,913,313 00

3. Liability on policies cancelled upon which a surrender

value may be demanded

159,657 00

4. Claims for death losses due and unpaid. .. .$ 33,375 93

5. Claims for death losses in process of adjust-

ment or adjusted and not due.

293,183 00

6. Claims for death losses which have been

reported and no proofs received

150,894 00

7. Claims for matured endowments due and

unpaid

10,017 00

8. Claims for death losses and other policy

claims resisted by the company.

3,500 00

10. Total policy claims 12. Premiums paid in advance, including surrender values
so applied 19. Dividends or other profits due policy-holders, including

490,969 93 37>431 92

those contingent on payment of outstanding and de-

ferred premiums

1,352,028 05

22 Other liabilities: Real estate contingent depreciation

account 24. Unassigned funds (surplus)

349,742 39 4,629,812 55

25. Total liabilities

...'

$64,932,954 84

Business in Georgia during 1903.
No.

Policies on the lives of citizens of said State in force De-

cember 31 of previous year

484

Policies on the lives of citizens of said State issued, in-

creased and revived during' the year

20

Amount.
$1,393,900 49'000

Total

484

W?00

Deduct ceased to be in force and decreased during the year 5^ lll.olO

Policies in force December 31, 1903

479

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,

commissions or other expenses

*

$1,331,390
Amount.
% _'. <.uuu
35<73 '

190

COMPTROLLER-GENERAL'S REPORT.

EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES, NEW YORK, N. Y.

JAMBS W. ALEXANDER, President.

Wit. 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

Amount of net or ledger assets December

31 of previous year

$ 334,019,959 68

Extended at

$ 334,049,959 68-

It.--INCOME DURING THE YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

S 9,156,624 83

1J. Cash received for renewal premiums,with-

out deductions for commissions or other

expenses

45,673,151 88

2$. Consideration for supplementary con-

tracts involving life contingencies

66,086 00

3J. From dividends applied to purchase paid-

up additions and annuities 4.V. From surrender values applied to pur-
chase paid-up insurance and annuities. 5. Consideration for annuities other than
matured installment policies

771,998 60 1,653,668 00 1,316,360 32

7. Total premium income

$ 58,637,889 63

8. Cash received for interest on mortgage loans

2,951,893 41

9. Cash received for interest on bonds owned and dividends

on stock

7,420,651 82

11. Cash received for interest on other debts due the com-

pany

2,563,311 33

13. Cash received for rents for use of company's propsrty,

including $293,192 for company's own occupancy .... 1,881,000 96

18. Consideration for supplementary contracts not involv-

ing life contingencies

253,954 00

19. From all other sources, viz.: Profit on sale or maturity

of ledger assets

9,649 78

Total income . .

$ 73,718,350 93

III.--DISBURSEMENTS DURING THE YEAR 1903.

l: Cash paid for death claims, including re-

visionary additions

$ 18,318,482 94

3. Cash paid for matured endowments and

additions thereto

2,631,496 74

COMPTROLLER-GENERAL'S REPORT.

19K

Total net amount actually paid for losses

and matured endowments

20,949,979 68

Cash paid to annuitants

883,278 00

10. Cash dividends paid policy-holders 12. Cash dividends applied to purchase paid-up
additions and annuities

4,910,296 95 771,?98 60

13. Surrender values paid in cash 15. Surrender values applied to purchase paid-
up insurance and annuities

5,780,451 04 1,653,668 00

Total paid policy-holders

16 Cash paid stockholders for interest or divi-

dends

$

17, Cash paid for commissions and bonuses to

agents (less commissions on reinsur-

ance) : New policies, $3,585,596.14; re-

newals, 3,627.084.92; on annuities, $38,-

959,29; total

.

18. Cash paid for salaries and allowances to

managers and agents and clerks

19, Cash paid for medical examiners' fees, $616,022 42; inspection of risks, $214,-

933.81; total 20, Cash .paid for salaries and all other com-
pensation of officers and other home

office employees 21. Paid for claims on supplementary con-
tracts not involving life contingency. .

22. Cash paid for taxes on real estate 23. Cash paid for insurance department fees
and agents' licenses and municipal li-

censes 24, Cash paid for rent, including company's
own 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, $323,328.77 ; printing and stationery, $224.025.18; post-

age, $153,617,85; total
28. Cash paid for real estate expenses other than taxes, $574,881.65; for legal ex-

penses, 165,288.83 ; total 29. Cash paid for the following items, viz.:
Agency supervision, traveling and all other agency expenses, $464,697.94 ; cler-

ical expenses, express, freight, telegraph, cable, telephone and general ex-

penses, $431,828.78

$ 7,000 00
7,251,640 35 564,636 87 830,956 23
1,088,968 22 63,661 05 363,148 90
667,483 34 293,192 00 1,036,764 87
38,218 05 700,971 80 740,170 48
896.526 72

34,949,672 27T

Total miscellaneous expenses

14,543,338 88

30. Total disbursements

* 49,493,011 15

192

COMPTROLLER-GENERAL'S REPORT.

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Book value of real estate, exclusive of all incumbrances.$ 37,215,875 67

2. Loans on mortgages (first liens) on real estate

74,345,110 94

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

20,333,500 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

18,831,127 74

6. Book value of bonds and stocks owned, excluding ac-

crued interest at time of purchase

180,399,670 00

7. Cash in company's office

8,101 35

8. Cash deposited in banks and trust companies on interest 25,617,667 81

10. Agents' ledger balances

1,521,245 95

11. Total net or ledger assets



358,275,299 46

OTHER ASSETS.

14. Interest due, $57,673.75, and accrued, $302,-

675.53, on mortgages

$ 360,349 28

15. Interest accrued on bonds and stocks

2,308,021 00

16. Interest accrued on collateral loans

19,808 00

18. Interest accrued on other assets

162,464 56

19. Rents due, $53,004.18, and accrued, $97,-

938.19, on company's property or lease. . 150,942 37

Less paid in advance

3,001,585 21 460.761 14

Total carried out 21 Market value of bonds and stocks over book values

New Business. Renewals. 23. Gross premiums due and mi-

reported on policies in force

December 31, 1903

$ 1,829,476 00 $ 4,611,979 00

24. Gross deferred premiums on policies in force December 31, 1933

379,194 00 2,757,648 00

2,540,824 07 12,747,275 00

Totals 25. Deducting loading, 20 per
cent, on "new" and 20 per cent, on renewals

2,208,670 00 441,734 00

7,369,627 00 1,473,926 00

26. Net amount of uncollected and deferred premiums... 1,766,936 00 5,895,70100 7,662,637 00

28. Total assets, as per the books of the company

381,226,035 53

ITEMS NOT ADMITTED.
5. Agents' balances. 9. Total admitted assets

1,521,245 95 $ 379,704,789 58

COMPTROLLER-GENERAL'S REPORT.

193

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' table of mortality, with four

per cent, interest, and the American ex-

perience table, with three and ihree and

one-half per cent, interest

$ 303,457,838 00

Net reinsurance reserve

$ 303,457,838 00

2 Present value of amounts not yet due on supplementary

contractfs

.

3. Claims for death losses due and unpaid. . .$ 124,738 00

1',408,'114 00

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 7. Amounts due and unpaid on annuity claims

267,355 31
169.301 00 27,500 00 51,918 4o

9 Claims for death losses, but no proofs re-

ceived

1-604-355 _

Total policy claims

2,245,167 76

10. Amount of all unpaid dividends of surplus or other description of profits due policy-holders

40b.t)' UB

11. Due and unpaid on supplementary contracts not involv-

^

ing life contingencies 16. Amount of any other liability of the company, viz.: Pre-

^^ ^

miums paid in advance

!

17 Liabilities on policy-holders' account

307,871,897 50

18. Gross surplus and capital stock of $100,000 on policy- ^ ^ ^

holders' account

'

19. Total liab^.i,l.iiti.es

.$379,704,789 58

Business in Georgia during 1903.

No.

Number and amount of policies on the lives of citizens

oOfI uGeeoorrggidia, in force December 31 of previous 5458

year

'".'.""

Number and amount of policies on the lives of citizens

of Georgia issued during the year

J975

Amount.
^ ^334248 00 ^,362,391_0U

_ ^ ,

.. 7433

Total

Deduct number and amount which have ceased to be

in force during the year

_..__

16,696,639 00
^ ^ ! !

Total number and amount of policies in

force in Georgia December 31, 1902

6164 14,422,906 00

13 In

194

COMPTROLLER-GENERAL'S REPORT.

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

69

Total

70

Amount of losses and claims on policies in Georgia

paid during the year

67

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.
1,250 00 224,855 00 226,105 00 223,815 00
454,333 32

FIDELITY MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA, PA.

L. G. FOI-SE, President,

W. S. CAMPBELL, Secretary.

Principal Office, 112-116 North Broad Street, Philadelphia, Pa.

N. F. JACKSON, Atlanta, Attorney for Service in (ieorgia.

I.--CAPITAL STOCK.

1. Amount of net or ledger assets December 31

of previous year

$ 4,462,692 25

Extended at

$ 4,462,692 25

I.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$ 591,064 92

li. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

2,356,256 35

2. Premium notes, loans or liens taken in

part payment for premiums on new pol-

icies

57^68 52

2$. Premium notes, loans or liens taken in

part payment for renewal premiums ... 109,765 88

3. From dividends applied to pay running

premiums

25,902 07

4. From surrender values applied to pay run-

ning premiums

1,008 93

5. Consideration for annuities other than ma-

tured installment policies

6,851 73

Total

3,148,018 40

COMPTROLLER-GENERAL'S REPORT.

195

6. Deduct amount of premiums paid to other companies for reinsurance on policies in this company: New business, $426.40 ;
renewals, $1,939.68

2,366 08

7. Total premium income Cash received for interest on mortgage loans

* 3,145,652 32 13,621 28

9. Cash received for interest on bonds owned and dividends

81,349 39

on stock

10. Cash received for interest on premium notes, loans or liens

44,044 99

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 for company's own occupancy

49,658 92 83,594 21

14 Cash received for profits on sales of bonds or stocks, $928.70; real estate, $1,864.54

2,793 24

19 From all other sources, viz.: Fees for alterations of policies

150 25

Total income

.$ 3,420,864 60

m,--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$

5. Cash paid for sums falling due during the

year on installment policies

981,723 24 16,112 36

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 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, $381,954.78: renewals, |97,-

820.82; annuities, $383.03

$

Agency supervision, traveling and all other

expenses 18. Cash paid for salaries and allowances to

managers and agents 19. Cash paid for medical examiners' fees, $46,-

081.24; inspection of risks, $21,209.37. . ..

997,835 60
Q09 1 1
19,418 42 25,902 07 55,164 46
1,008 93 I,i00,251 59
480,158 63 54.281 50 110-295 y' 67,290 61

196

COMPTROLLER-GENERAL'S REPORT.

20. Cash paid for salaries and all other com-

pensation of officers and home office em-

ployees

$

21. Cash paid for taxes on premiums

22. Cash paid for taxes on reserves, $554.13 ;

on investments, $17,621.42

23. Cash paid for insurance department fees

and agents' licenses, $7,838.55 ; municipal licenses, $924.25

24. Cash paid for rent, including '(32,500 for com-

pany's occupancy, less $961.35 received

under sublease

25. Cash paid for commuting commissions. . . .

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $23,255.25 ; print-

ing, $26,816.15; postage, $19,122.45

28. Cash paid for real estate expenses other

than taxes, $24,967.94; for legal ex-

penses, $2,031.47

29. Cash paid for the following items, viz. :

Expressage and telegrams, $5,207.53;

banks and collectors for collecting pre-

miums, $7,485.47; miscellaneous ex-

penses, $6,831.97

161,716 41 42,655 45 1S,175 55
8,762 80
53,303 35 16,305 76 7,569 47 69,193 85
26,999 41
19,524 97

Total miscellaneous expenses 30. Total disbursements

1,136,234 74 .$2,236,486 33

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate exclusive of all incumbrances.. $ 2. Loans on mortgage (first liens) 3. Loans secured by pledge of bonds, stocks or other market-
able collaterals
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, of which 457,168.52 was received during the year
6. Cost value on bonds and stocks owned, excluding accrued interest at time of purchase
7. Cash in company's office 8. Cash deposited in banks 9. Bills receivable 10. Agents' ledger balances

1,328,515 70 268,203 77
123,567 11
559,553 14
215,996 27
2,541,189 07 2,520 74
302,149 15 7,220 42
298,155 15

13. Total net or ledger assets

$ 5,647,070 52

COMPTROLLER-GENERAL'S REPORT.

197

OTHER ASSETS.

14. Interest due, $796.50, and accrued, $3,601 85,

on mortgages

$

15. Interest due, $1,250, and accrued, $28,097.91,

on bonds and stocks

16. Interest due, $37.50, and accrued, $393.46,

on collateral loans

19. Rents due 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, 1903

$ 24,929 95 $

24. Gross deferred premiums on

policies in force December

31, 1903

52,421 77

4,398 35 29,347 91
430 96 1,643 14
Renewals. 1,437 81
348,678 48

35,820 36 40,034 30 61,488 28

Totals 25. Deductingloading,20percent

77,35172 15,470 34

437,116 29 87,423 26

26. Netamountof uncollectedand deferred premiums

61,881 38

349,693 03 411 574 41

28. Total assets, as per the books of the company

6,195,987 87

ITEMS NOT ADMITTED.

5. Agents' balances. 7. Bills receivable .

Total

9. Total admitted assets



298,155 15 7,220 42

305,375 57

$ 5,890,612 30

V.--LIABILITIES.

1. Xetpresent value of all the outstanding pol-

icies in force on the 31st day of Decem-

ber, 1903, computed according to the actu-

aries' table of mortality, with four per

cent, interest, and American table with

3* per cent

*

Deduct net value of risks' of this company

reinsured in other solvent companies . . .

4,818,191 43 1,910 00

Net reinsurance reserve

2. Premium notes on loans on policies and

other obligations in excess of the net

value of their policies

$

3. Claims for death losses reported but no

proofs received

$ 4,816,281 43
6,687 02 59,913 40

198

COMPTROLLER-GENERAL'S REPORT.

4. Claims for death losses and matured endowments 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, $142,988.48)

11,530 50 4,000 00
108,434 86

Total policy claims

$

10. Amount of unpaid dividends of surplus or other descrip-

tion of pre/fits due policy-holders

11. Commissions due to agents on premium notes when paid.

13. Amount due on account of salaries, rents and office ex-

penses, commissions, etc

16. Amount of any other liability of the company, viz.: Pre-

miums paid in advance

Surrender values claimable on canceled policies, reserves

not included in item 1

190,565 78 799 64
34,616 67 16,600 34 2,024 76 11,661 26

17. Liabilities on policy-holders' account ... 18. Gross surplus on policy-holders' account

5,072,549 S8 818,062 42

19. Total liabilities

$ 5,890,612 30

Reserve computed by the Pennsylvania de-

partment

$ 4,799,200 00

Special surplus

18,891 43

$ 4,818,191 43

20. Estimated surplus accrued on Tontine or

other policies, the profits upon which are

especially reserved for that class of

policies

.$ 818,062 42

Business in Georgia during inn.;.

No. Number and amount of policies on the lives of citi-

Amount.

zens of (ieorgia in force December 31 of pre-

vious year

1149 $ 2,382,415 50

Number and amount of policiei on the lives of citi-

zens of Georgia issued during the year

307

567,364 50

Total

1456

Deduct number and amount which have ceased to be

in force during the year

222

2,949,780 00 444,024 00

Total number and amount of policies in

force in Georgia December 31, 1903

1234 $ 2,505,756 00

COMPTROLLER-GENERAL'S REPORT.

399

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.
3 .J 20

Total

23

Amount of losses and claims on policies in Georgia

paid during the year.

22

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, $68,498.30; notes or credits, $5,437.91; total $

Amount.
4,500 00 58,934 00 63,434 00 62,434 00
73,936 21

FRANKLIN LIFE INSURANCE COMPANY OF ILLINOIS.

EDGAR S. SCOTT, President.

HENRY ABELS, Secretary.

Principal Office, Corner 5th and Monroe Streets, Springfield, 111.

JOHX W. LEDBETTER, Rome, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

Amount of net or ledger assests December 31

of previous year

$ 1,529,431 97

Extended at

$ 1,529,431 97

II.--INCOME DURING YEAR 1903.

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

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 4J. From surrender values applied to purchase

paid-up insurance and annuities

306,889 89
549,530 23 8,364 30
110,112 53 *4 >4*11" 44 1,373 91

Total

*

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $3,535.28;

renewals, $4,450.29

980>682 30 7.985 57

7. Total premium income 8. Cash received for interest on mortgage loans

* 972,696 73 9,949 25

200

COMPTROLLER-GENERAL'S REPORT.

9. Cash received for interest on bonds owned, and dividends

on stock

$

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 . . .

14. Cash received for profits on sales of bonds or stocks

17. Premium notes, loans, or liens restored by revival of

policies

19. From all other sources, viz.: Trust fund

5,409 01 47,943 47
11,187 33 2,359 50
88 87
5,694 11 807 33

Total

$ 1,056,135 60

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$

2. Premium notes, loans, or liens used in pay-

ment of the same

264,996 73 1,980 06

Total

$

6. Deduct amount received from other com-

panies for losses or claims on policies of

this compnny reinsured for matured en-

dowments

266,976 79 5,000 00

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

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, $231,326.51; renewals, $72,-

733.69

$

18. Cash paid Jor salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees, $15,-

595.00; inspection of risks, $5,218.86

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 investments

23, Cash paid for insurance department fees

and agents' licenses, $6,558.86 ; municipal

licenses, $100.00

$
304,060 20
31,575 99 20,813 86
46,274 29 7,356 85 3,974 48
6,658 86

261,976 79
42,483 38 4,411 44 20,825 95
1,373 91 331,071 47

COMPTROLLER-GENERAL'S REPORT.

201

24. Cash paid for rent, including company's
occupancy 26. Cash paid for furniture, fixtures and safes
for home and agency offices 27. Cash paid for advertising, $647.75; printing,
$6,903.84 ; postage, $3,998.24 28. Cash paid for real estate expenses, other
than taxes, $765.68; for legal expenses, $6,240.34 29. Cash paid for the following items, viz. : Collection, $1,392.06; investment expenses, $515.56 ; miscellaneous expenses, $4,169.72

2,010 00 511 50
11,549 83
7,006 02
6,077 34

Total miscellaneous expenses

$ 447,869 22

30 Total disbursements

* 778,940 69

IV.--ASSETS AS PER LEDGER ACCOUNTS.
Cost value of real estate, exclusive of all incumbrances. J Loans on mortgage (first liens) on real estate Loans secured by pledge of bonds, stocks, or other mar-
ketable collaterals Loans made to policy-holders on this company's policies. Premium notes, loans, or liens on policies in force received
during the year Cost value of bonds and stocks owned, excluding accrued
interest at time of purchase Cash deposited in banks 10. Agents' ledger balances
13, Total net or ledger assets

16,738 41 320,950 00
30,000 00 1,015,741 44
9,481 79
375,082 93 34,751 58 3,880 73
1,806,626 88

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 17. Interest due and accrued on premium notes,
loans, or liens 18. Interest due and accrued on other assets .. 19. Rents due and accrued on company's prop-
erty or lease

7,276 45
5,926 15 379 17
22,414 98 14 58
187 00

Total carried out 21, Market value of bonds and stocks over cost. .

23. Gross premiums due and unreported on pol-

icies in force December 31, 1903

$

24. Gross deferred premiums on policies in force- December 31, 1903

Renewals. 33,093 60 78,737 44

36,198 33 250 07

Total 25. Deducting loading, actual.

111,831 04 22,166 55

202

COMPTROLLER-GENERAL'S REPORT.

26. Net amount of uncollected and deferred premiums 27. Furniture, fixtures and safes

89,664 49 2,000 00

28. Total assets, as per the books of the company

1,934,739 77

ITEMS NOT ADMITTED.

2. Furniture, fixtures and safes

$

5. Agents' balances

7. Premium notes, loans, on policies and net

premiums in excess of their net value.. .

2,000 00 3,880 73
38,722 62

Total

44,603 35

9. Total admitted assets

$ 1, ,136 42

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of Decem-

ber, 1903, computed according to the act-

uaries' table of mortality, with four per

cent, interest

$

Deduct net value of risks of this company

reinsured in other solvent companies. . ..

1,555,966 00 2,514 00

J*'et 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

$ 1,553,452 00
12,721 53 1,012 22

Total policy claims 13. Amount accrued on account of salaries, rents and office
expenses, and loading on premium notes 16. Amount of any other liability of the company, viz.: Pre-
miums paid in advance Trust fund returnable at death, $16,241.98 ; funds held for
special policies, $110,902.48; funds for all other contingencies, $180,078.73

13,733 75 7,585 76 8,141 72
307,223 19

19. Total liabilities

$ 1,890,136 42

Busmen in the State of Georgia during the Year.

No. Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year. 1,288 i|

Number and amount of policies on the lives of citizens

of Georgia issued during the year

651

Amount. 1,827.474 00
997,265 00

Total

1,939

Deduct number and amount which have ceased to be

in force during the year

648

2,824,739 00 918,492 00

Total number and amount of policies in force

in Georgia December 31, 1903

1,291

1,907,254 00

COMPTROLLER-GENERAL'S REPORT.

Amount of losses and claim on policies in Georgia unpaid December 31 of previous year
Amount of losses and claims or. policies in Georgia incurred during the year

No.
M l__

Total

^ .

Amount of losses and claims on policies in Georgia

paid during the year

n

Premiums collected or secured in Georgia during the year

in cash and notes or credits, without any deduction lor

losses, dividends, commissions or other expenses.

$

203 Amount. 3,020 70 14,572 12 17,592 82
1-4,592 82
67,314 09

THE GERMANIA LIFE INSURANCE COMPANY OF NEW YORK.

CORNELIUS DOREMUS, President.

CABL HEYE, Secretary.

Principal Office, 20 Nassau Street, New York, N. Y.

I.--CAPITAL STOCK.

1 Amount of capital stock paid

up in cash

$ M0,000 00

Amount of net or ledger assets December

aiofpreviousyear Extended at

^ 0

^

p' '

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new policies, without deductions for commissions or

other expenses.

-*

1 j. Cash received for renewal premium?,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

4j. From surrender value applied to purchase

paid-up insurance and annuities ....

5. Consideration for annuities, other than

matured installment policies

593,12203
3,244,099 05 128,432 99 32,539 50 110,103 55 66,973 41

Total

4'175'270 5I!

Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, renewals

__

5,555 70

7. Total premium income 8. Cash received for interest on mortgage loans

$ 4,169,714 83 698,706 83

204

COMPTROLLER-GENERAL'S REPORT.

9. Cash received for intere-t on bonds owned, and divi-

dends on stock

jf

10. Cash 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 rents for use of company's property,

including $28,950.00 for company's own occupancy . .

19. From all other sources, viz.: Policy fees, $2,069.31; con-

sideration for supplementary contracts involving life

contingencies, $2,449.55; by not involving life con-

tingencies, $21,945.50

409,676 38 99,868 59 12,470 22 239,494 55
26,464 36

Total income

$ 5,656,395 76

HI.--DISBURSEMENTS DURING YEAR 19U3.

1. Cash paid for death claims, including re-

visionary additions.

$ 1,191,129 73

3. Cash paid for matured endowments, and

additions thereto ....

816,554 57

7. Total net amount actually paid for losses
and matured endowments
8. Cash paid to annuitants, including $1,325.00 on matured installment policies ....
10. Cash dividends paid policy-holders .... 11. Cash dividends applied to pay running pre-
miums 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

2,007,684 30
33,566 68 36,586 15
12S.432 99
32,539 50 223,033 84
110,103 55

Totai paid policy-holders 16. Cash paid stockholders for interest and

$ 2,571,947 01

dividends 17. Cash paid for commissions and bonuses to

24,000 00

agents (less commission on reinsurance),

new policies, $374,542.34; renewals, $155,-

601.57; on annuities, $822.07 IS. Cash paid for salaries and allowances to

530,965 98

managers and agents 19. Cash paid for medical examiners' fees, $47,-

232,736 56

261.87; inspection of risks, $1,391.69. . . . 48,653 56 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

108,365 53

on renewals 22. Cash paid for taxes on reserves, $450.29 ; on

38,395 69

real estate, $38,416.15

38,866 44

COMPTROLLER-GENERAL'S REPORT.

205

23. Cash paid for insurance department fees and agents' licenses, $3,484.39; sales municipal licenses, $3,606.42
24. Cash paid for rent 25. Cash paid for commuting commission . . 26. Cash paid for furniture, fixtures and safes
for home and agency offices 27. Cash paid for advertising, $25,732.70; print-
ing and stationery, $14,722; postage, $14,677.96 28. Cash paid for real estate expenses, other than taxes, $102,693.88; for leg il expenses, $5,169.87 29. Cash paid for the following items, viz. : Expressage, exchange and other expenses $49,150.34; loss on sale of securities, $1,013.34; real estate, $18,583.16
Total miscellaneous expenses
30. Total disbursements

7,090 81 28,950 00
173 05 4,359 11
55,132 66
107,863 75
3,746 84 $ 1,294 299 98 $ 3,866,246 99

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances . $ 3,116,145 50

2. Loans on mortgage (first liens) on real estate

14,898,030 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,831,464 89

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

10,547,627 01

7. Cash in company's office

645 10

8. Cash deposited in banks

862,401 37

13. Total net or ledger assets

31,256,313 87

OTHER ASSETS.

14. Interest due, $2,250.00 ; and accrued, $259,-

451.43, on mortgages

$

15. Interest accrued, on bonds and stocks . .

17. Interest accrued, on premium notes, loans,

or liens

19. Rents due, $817.50, and accrued, $6,369.17,

on company's property or lease . . .

261,701 43 85,806 16
567 87
7,186 67

Total carried out

21. Market value of bonds and stocks over cost

New Business. 23. Gross premiums due and un-

Renewals

reported on policies in force

December 31, 1903 .... $ 19,274 41 $ 425,115 22

24. Gross deferred premiums on

policies in force December

31, 1903

40,528 16 336,988 74

Totals

59,802 57 762,103 96

355,262 13 227,562 13

206

COMPTROLLER-GENERAL'S REPORT.

25. Deducting loading 22j^ per cent, on "new," and 22)^ per cent, on "renewals" .
26. Net amount of uncollected and deferred premiums. .
28. Total assets.

13,455 58 171,473 39

46,346 99

590,630 57$ 636,977 56 $32,476,115 69

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' table of mortality, with four

per cent, interest, and American Exp.

table of mortality with 3% and 3 per

cent, interest

$27,671,115 00

Deduct net value of risks of this company

reinsured in other solvent companies . .

42,675 00

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 ad-

justed and not due



6. Claims for death losses and other policy

claims resisted by the company ....

7. Amounts due and unpaid on annuity claims

8. Present value of unpaid amounts on ma-

tured installment policies

$ 27,628,440 00 2,404 18 17,436 42
139,222 65 3,500 00 2,112 61 25,016 73

Total policy claims

$

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, $5,743.71; liability on policies

cancelled upon which a surrender value may be de-

manded, $8,285.32 ; extra reserve for absolute war and

world policies, $95,207.89

189,692 59 42,074 54
109,236 92

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

$27,969,444 05 4,506,671 64

19. Total liabilities

$ 32,476,115 69

20. Estimated surplus accrued on Tontine or

other policies, the profits upon which are especially reserved for that class of policies $1,350,420 81

21. Estimated surplus accrued on all other

policies

3,156 250 83

COMPTROLLER-GENERAL'S REPORT.

207

Business in Georgia during 1903.

NTumbi er andi amount of.. pol tcies on the lives of citizens No'

of Georgia in force December 31 of previous year 320 Number and amount of policies on the lives of citizens

of Georgia issued during the year

294

Amount.
$447,763 00 373,000 00

Total

614

Deduct number and amount which have ceased to be

in force during the year

133

820,763 00 188,811 00

Total number and amount of policies in force in

Georgia December 31,1903

481

No.
Amount of losses and claims on policies in Georgia in-

curred during the year . .

4

Amount of losses and claims on policies in Georgia

paid during the year

4

Amount of premiums collected or secured in Georgia during

the year in cash and notes or credits, without any de-

duction for losses, dividends, commissions or other ex-

penses' : Cash

$

631,95200
Amount.
7,000 00 7,000 00
21,689 57

HARTFORD LIFE INSURANCE COMPANY OF HARTFORD, CONN.

GEORGE E. KEENEY, President.

CHARLES H. BACALL, Secretary.

Principal Office, 252 Asylum Street, Hartford, Conn.

S. B. BROWN, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 500,000 00

Amount of net or ledger assets December

31 of previous year

$ 2,859,500 81

Extended at

$ 2,859,500 81

II.--INCOME.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$

1. 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. . .

366,245 93 1,952,862 46
14,974 36 4,259 92

203

COMPTROLLER-GENERAL'S REPORT.

3. From dividends applied to pay running premiums

65,372 15

Total

$ 2,403,714 82

6. Deduct amount of premiums paid toother

companies for reinsurance on policies in

this company, new business, $5,827.84;

renewals, $489.05

6,316 89

7. Total premium income

$ 2,397,397 93

8. Cash received for interest on mortgage loans

13,639 57

9. Gash received for interest on bonds owned, and dividends

on stock

,

23j936 17

10. Cash received for interest on premium notes, loans or

liens

7,403 35

11. Cash received for interest on other debts due the com-

pany

,502 63

12. Cash received for rents for use of company's property,

including 13,503 for company's own occupancy

13,177 49

16 Safety fund deposits

8,153 25

17. Advance payments

6,873 34

18. Taxes collected

18,079 92

19. Income accident department

1,247 65

Total income

$ 2,533,411 30

III.--DISBURSEMENTS.

1. Cash paid for death claims, including re-

visionary additions

$ 1,576,313 33

2. Premium notes, loans or liens usdd in payment of same

1,819 00

7. Total net amount actually paid for losses and matured endowments
9. Premium notes, loans or liens used in purchase of surrendered policies, $ ; voided by lapse
11. Cash dividends applied to pay running premiums
13. Surrender values paid in cash

1,578,132 33
2,292 17 65,372 15
4,239 69

Total paid policy-holders 16. Cash paid stockholders for interest or divi-
dends 17. Cash paid for commissions and bonuses to
agents (less commission on reinsurance), new policies, $317,199.56; renewals, $101,972.06 18. Cash paid for salaries and allowances to managers and agents 19. Cash paid for medical examiners' fees, $30,821.47 ; inspection of risks,$4,881.00..

$ 1,650,036 34 40,000 00
419,171 62 31,150 56 35,702 47

COMPTROLLER-GENERAL'S REPORT.

209

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, and municipal licenses
24 Cash paid for rent, company's occupancy . . 25 Agents' deposits 26 Cash paid for furniture, fixtures and safes
for home and agency offices 27. Cash paid for advertising, $10,728.82 ; print-
ing, $12,092.83; postage, $9,970.03 28 Cash paid for real estate expenses, other
than taxes, $3,984.14 ; for legal expenses, $8,061.03 29 Cash paid for the following items, viz.: Expenses accident department, $812.71; loss on sale of ledger assets, $942.62; advance payments applied, $7,049.60
Total miscellaneous expenses
30. Total disbursements

95,459 78
36,368 99 3,500 00 1,200 00 16,744 04 32,791 68
12,045 17
8,804 93 $ 732,939 24 $ 2,382,975 58

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. .$ 234,706 00

2. Loans on mortgage (first liens) on real estate

373,525 00

3. Loans secured by pledge of bonds, stocks or other marketable collaterals .

10,407 50

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

33,027 11

5. Premium notes, loans or liens on policies in force

72,157 30

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

558,515 00

7. Cash in company's office and deposited in banks not on

interest

'

8. Cash deposited in banks and trust companies on interest.

9,876 91 514,434 06

9. In hands of adjuster and branch offices

1,462 34

Safety funds in security company, Hartford

1,202,910 31

11, Total net or ledger assets . . Less agent's credit balances.

3,011,021 53 1,085 00

13. Total net or ledger assets ...

3,009,936 53

14. Interest due, I-
15. Interest due, $and stocks . .
16. Interest due, $eral loans
14 in

OTHER ASSETS.
and accrued on mort*
and accrued on bonds
and accrued on collat-

5,174 55 5,322 43
130 80

210

COMPTROLLER-GENERAL'S REPORT.

18. Interest due, $-

and accrued on other

assets

19. Rents due, $--

and accrued on com-

pany's property or lease.

3,551 08 575 11

Total carried out

20. Market value of real estate over cost --

Ne^v Business 23. Gross premiums due and un-

reported on policies in force

December 31, 1903

$

38,361 16 $ 59,336 48

24. Gross deferred premiums on

policies in force December

31, 1903

_

25,670 60

81.657 85

Totals

64,034 76 140,994 33

25. Deduct loading 60 per cent.

on "new," and 6 per cent, on "renewals"

38,420 85

8,459 66

26. Net amount of uncollected

and deferred premiums. .

25,613 91 132,534 67

Premiums in course of collection, safety fund department

14,753 97 3,424 00
158,148 58 201,250 00

28. Total assets, as per the books of the company

ITEMS NOT ADMITTED.

3. Premium notes, or loans on policies and

net premiums in excess of net value of

policies

$

5. Book value of stocks and bonds over market

value 7. Depreciation in safety fund

3,387,513 08
169 40 7,124 00 65,535 03

Total

72,828 43

9. Total admitted assets

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' American table of mortality,

with 4 and 3J per cent, interest

$

Deduct net value of risks of this company

reinsured in other solvent companies

Net reinsurance reserve

4. Claims for death losses reported and no

proofs received

$

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

.$ 3,314,684 65
702,959 00 4,433 00 .$ 698,526 0*
127,651 00 117,298 80
6,000 00

Total policy claims

250,949 80

COMPTROLLER-GENERAL'S REPORT.

211

10. Liabilities accident department

$

11. Amount of dividends apportioned to policy-holders

12. Premiums paid in advance 13 Amount due on account of salaries, rents and office ex-

penses 14. Balance of taxes to credit of members 15. Net safety funds in security company, Hartford

16. Amount of any other liability of the company, viz.: Special reserve and surplus on safety fund policies

Capital stock 18. Gross surplus on policy-holders' account

623 82 18,810 35 I,767 27
3.00000 241 02
1,137,375 28
306,091 99 500,00 00 397,299 12

19. Total liabilities

..,..,

$ 3,314,684 65

Business in Georgia during 1903.

No.

Number and amount of policies on the lives of citizens of

Georgia in force December 31 of previous year

1,414

Number and amount of policies on the lives of citizens of

Georgia issued during the year

369

Amount.
$2,781,580 678,887

Total

; L783

Deduct number and amount which have ceased to be in

force during the year



J^>

3'460,467 8jM8

Total number and amount of policies in force in

Georgia December 31, 1903

1,513 $2,961,804

No. Amount.

Amount of losses and claims on policies in Georgia un-

paid December 31 of previous year

1 $ 10,000

Amount of losses and claims on policies in Georgia in-

curred during the year ;

_TM_

38'500

Total

; 20

Amount of losses and claims on policies in Georgia paid

during t.,he year



, 18

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

$

* 48'500 46,500
91,117 4d

212

COMPTROLLER-GENERAL'S REPORT.

HOME LIFE INSURANCE COMPANY, NEW YORK, N. Y.

GEO. E. IDE, President.

ELLIS W. GLADWIN, Secretary.

Principal Office, 256 Broadway, New York City, N. Y.

WM. 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.

.$ 13,756,214 92

Extended at ...

.$ 13,756,214 92

II.--INCOME DURING THE YEAR 1903.

Cash received for premiums on new poli-

cies, without deductions for commis-ions

or other expenses

$

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.

2h Premium notes, loans or liens taken in part payment for renewal premiums
From dividends applied to pay running pre-

miums Z\. From dividends applied to purchase paid-
up additions and annuities

5. Consideration for annuities other than ma-

tured installment policies

464,051 86
2,000,031 34 8 80
89,489 72 27,205 16 180,045 22 10,516 45

Total

"1/771,348 55

6. Deduct amount of premiums paid to other

companies for reinsurance on policies

in this company : New business, $4,033.85; renewals, $19,531 67 ; total

23,565 52

Total premium income Cash received for interest on mongage loans

" 2,747,783 03 189,816 65

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 12. Cash received as discount on claims paid in advance ....

286,754 30
85,412 53
8,175 47 998 69

13. Cash received for rents for use of company's property, including $24,000 for company's own occupancy

103,153 19

19. From all other sources, viz.: Consideration for supplementary contracts not involving life contingencies ..

13,435 00

Total income

$ 3,435,528 86

COMPTROLLER-GENERAL'S REPORT.

213

III.--DISBURSEMENTS DURING THE YEAR 1903.

Cash paid for death claims, including re-

visionary additions

$

Premium notes, loans or liens used in pay-

ment of the same

Cash paid for matured endowments and

additions thereto

Premium notes, loans or liens used in the

payment of same

801,085 90 24.700 66 324,711 81
8,334^29

Total Deduct amount received from other com-
panies for losses or claims on policies of this company reinsured

1,158,832 66 25,000 00

Total net amount actually paid for losses

and matured endowments

1,133,832 66

Cash paid to annuitants

36,265 55

Premium notes, loans or liens used in pur-

chase of surrendered policies

11.902 89

Premium notes, loans or liens used in pay-

ment of dividends to policy-holders

18,452 71

10. Cash dividends paid policy-holders 11. Cash dividends applied to pay running pre-
miums

5,047 05 27.20516

12. Cash dividends applied to purchase paid-

up additions and annuities

180,045 22

13. Surrender values paid in cash

140,029 24

Total paid policy-holders

16. Cash paid stockholders for interest or divi-

dends

*

17. Cash paid for commissions and bonuses to agents (less commissions on reinsur-

ance; : New policies, $244,474.67; renew-

als, $142,479.53; total 18. Cash paid for salaries and allowances to
managers and agents

19. Cash paid for medical examiners' fees, $34,692 50; inspection of risks, $2,445.98;

total. 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 and onrenewals
22. Cash paid for taxes on reserves 23. Cash paid for insurance department fees
and agents' licenses, $5,871.98; municipal

licenses, $2,011.78 ; total

$ 1,552,780 48 15>00000
386,954 20 J
128,786 91
37>13848
113,642 75 32.093 " I.252 33
7-883 76

214

COMPTROLLER-GENERAL'S REPORT.

24. Cash paid for rent, including company's occupancy
27. Cash paid for advertising, $18,306.22; printing, $14,617.66; total
28. Cash paid for real estate expenses other than taxes, $45,401.76; for legal expenses, $8,579.03; total ...
29. Cash paid for the following items, viz.: Postage, $3,917.80; traveling expenses, $2,426.91; taxes on real estate, $11,868.89; profit and loss, $3,774.75; directors' fees, $4,090; miscellaneous office expenses, $17,136.72; total
Total miscellaneous expenses

24,000 00 32,923 88
53,980 79

43,215 07 $

876,872 16

30. Total disbursements

$ 2,429,652 64

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. .$ 1,662,933 48

2. Loans on mortgage (first liens) on real estate

4,435,244 19

3. Loans secured by pledge of bonds, stocks or other marketable collaterals

25,150 00

4. Loans made in cash to policy-holders on this company's policies assigned as collateral

849,129 15

5. Premium notes, loans, or liens on policies in force, of which $89,498.52 was received during the year

512,470 94

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 10. Agents' ledger balances

6,965,378 76 2,470 23
251,679 44 57,634 95

11. Total net or ledger assets

14,762,091 14

12. Deduct depreciation from cost of assets to bring same to

market value

20,817 94

13. Total net or ledger assets

14,741,273 20

OTHER ASSETS.

14. Interest accrued on mortgages

$

15. Interest accrued on bonds and stocks

16. Interest accrued on collateral loans

18. Interest accrued on other assets

19. Rents due on company's property or lease.

Total carried out 20. Market value of real estate over cost.

16,484 26 54,842 40
322 59 500 00 2,204 60

74,353 85 95,516 68

COMPTROLLER-GENERAL'S REPORT.

215

New Business. 23. Gross premiums due and unre-

ported on policies in force

December 31, 1903

*

24. Gross deferred premiums on

policies in force December 31,

1903

22,282 23

Renewals. $145,471 73
143,910 82

Tot,als
25. Deducting loading, 20 per cent. on "new" and 20 per cent, on " renewals"

22,282 23 4,456 45

289,382. 55 57,876 51

26. Net amount of uncollected and

deferred premiums

17,825 78

231,506 04 $ 249,331 82

28. Total assets, as per the books of the company

15,160,475.55

5r. A. gent,.s> vb.ali ances

ITEMS NOT ADMITTED.

9. Total admitted assets

:

.

57,634 95

$15,102,840 60

V.-LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' table of mortality, with four

percent, interest, and American table at three and one-half and three per cent. .$ 13,963,672 00

Deduct net value of risks of this company reinsured in other solvent companies . . .

66,800 00

Net reinsurance reserve

5. Claims for death losses and matured endow-

ments in process of adjustment or ad-

justed and not due

*

6. Claims for death losses and other policy

claims resisted by the company

.$ 13,896,872 00
38,619 19 3,000 00

Total policy claims

8. Present value of unpaid amounts on ma-

tured installment policies (face, $41,150),

included in item 1

* 3.4

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

. 17. Liabilities on policy-holders' account ..

18. Gross surplus on policy-holders' account

41,619 19
5,970 68 31,609 00 13,976,070 87 1,126,769 73

19. Total liabilities

.$ 15,102,840 60

216

COMPTROLLER-GENERAL'S REPORT.

Business in Georgia during 1903.

No. Number and amount of policies on the lives of citizens

Amount.

of Georgia in force December 31 of previous year 354 $ 1,147,225 00

Number and amount of policies on the lives of citizens

of Georgia issued during the year

74

232,920 00

Total

428

Deduct number and amount which have ceased to be in

force during the year

99

1,380,145 00 182,855 00

Total number and amount of policies in force

in Georgia December 31, 1903

329

No. Amount of losses and claims on policies in Georgia un-

paid December 31 of previous year

1

Amount of losses and claims on policies in Georgia in-

curred during the year

3

1,197,290 00 Amount. 1,000 00
4,000 00

Total

4

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, $33,748.27; notes or credit, $789.03; total

$

5,000 00 4,000 00
34,537 30

ILLINOIS LIFE INSURANCE COMPANY OF CHICAGO, ILL.

JAMES W. STEVENS, President.

OSWALD J. ARNOLD, Secretary.

Home Office, 134 Monroe Street, Chicago, 111.

J. C. TUMLTN, Atlanta, 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)

December 31, of previous year

$

Extended at

3,935,916 40 *

3,935,916 40

IT.--INCOME.

1. First year's premiums on original policies,

without deductions for commissions or

other expenses, less $2,249.35 for first

year's reinsurance

%

2. Surrender values applied to pay first year's

premiums

205,113 31 70 90

COMPTROLLER-GENERAL'S REPORT.

217

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

205,184 21 3,524 80 65,255 94

8. Total new premiums 9. Renewal premiums without deduction for
commissions or other expenses, (less $1,850.81 for reinsurance on renewals) 10. Dividends applied to pay renewal premiums
11. Surrender values applied to pay renewal premiums

$ 273,964 95
856,540 34 27,561 42 2u^ 14

13. Total renewal premiums

884,309 90

14. Total premium income

16. Ledger assets, other than premiums, received from other

companies for assuming their risks

18. Interest on mortgage loans

$ 68,534 73

19. Interest on collateral loans

1,905 03

20. Interest on bonds and dividends on stocks. 44,935 51

21. Interest on premium notes, policy loans or

liens

62,866 92

22. Interest on other debts due the company.

12,476 64

23. Discount on claims paid in advance

47 25

24. Rent from company's property

20,973 71

25. Total interest and rents 26. Profit on sale or maturity of ledger assets
27. From other sources: Policy lien notes PT.roahit andA li oss

1,158,274 85 659,834 30
211'TM TM 22,895 28 30,259 31
1,]311 22

28. Total income

* 2,084,314 75

III.--DISBURSEMENTS.

1 For death claims, $363,786.07; additions,

$3,644.72

,

2. For matured endowments, $27,133; addi-

tions, $2,747.22

367,430 79 29'880 22

3 Net amount paid for losses and matured en-

dowments

*

4. For annuities involving life contingencies..

5. Premium notes voided by lapse, $4,317.39 ;

Pur. rev. add'n, $543.21; Int. gold bond,

$270.64 6. Surrender values paid in cash
7. Surrender values applied to pay new premiums, $70.90; to pay renewal premiums,

$208.14

m'3"% 1,800 00
5'131 24 261,030 16
279 4

>m>fr-n

218

COMPTROLLER-GENERAL'S REPORT.

8. Surrender values applied to purchase paidup insurance and annuities
9. Dividends paid to policy-holders in cash . 10. Dividends applied to pay new premiums.. . 11. Dividends applied to purchase paid-up ad-
ditions and annuities

65,255 94 1,203 04 27,561 42
3,524 80

12. Total paid policy-holders

$

13. Paid for claims on supplementary contracts not involving

life contingencies

14. Paid stockholders for interest or dividends

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums $152,984.27; re-

newal premiums, $102,268.85

17. Salaries and allowances for agencies, including managers,

agents and clerks

18. Agency supervision, traveling, and all other agency ex-

penses 19 Medical examiner's fees, $12,448.81; inspection of risks,
$9,871.70; inv. claims, $1,880.90

20 Salaries and all other compensation of officers and home

office employees

21. Rent, including $500 for company's own occupancy ; re-

ceived under sublease, $4,509; agents' offices, $6,594. ..

22. Advertising, $14,538.25 ; printing and stationery, $7,901.67;

postage, $5,826.26

23. Legal expenses

24. Tax on premiums 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 asset?

29. All other disbursements : Incidental expenses, $11,398.08;

investment expense, $4,575.94; collection of premiums,

$2,127.75; registration of policies, $1,814.50, total

763,096 65
1,500 00 7,000 00
255,253 12
11,704 85
6,178 38
24,201 41
83,207 00
11,094 00
28,266 18 10 899 04 12,548 87 3 730 99 2.819 03 8,058 38 6,714 92
19,916 27

30. Total disbursements

$ 1,256,189 09

IV.-- LEDOSR ASSETS.

1. Book value of real estate unincumbered

S 673,130 88

2. Mortgage loans on real estate, first liens

1,153,914 84

3. Loans secured by pledge of bonds, stocks or other collateral

57,998 80

4. Loans made to policy-holders on this company's policies

assigned as collateral

1,447,872 96

5. Premium notes on policies in force.

23,961 49

6. Book value of bonds (excluding interest), $705,703.75;

stocks, $601,598 7. Deposited in trust companies and banks on interest 8. Cash in company's office, $7,636.30; deposited in banks

1,307.301 75 46,000 00

(not on interest) $136,363.98

144,003 28

COMPTROLLER-GENERAL'S REPORT.

219

9. Bills receivable, $3,687.66; agents'balances, $121,900.21.$ 125,587 87

Commuted res. commissions, $44,100; suspense, $19,968-

.66 ; furniture and fixtures, $20,204.53

_

84,273 19

10. Total ledger assets

4.764,042 06

NON-LEDGER ASSETS.

11. Interest due, $12,071 47 ; and accrued, $19,-

376.22, on mortgages

$

31,447 69

12. Interest due, $90.00; and accrued, $12,648.29, on bonds and stocks

12-738 29

13. Interest due, $268.82 ; and accrued, $896.25, on collateral loans

1,165 07

14. Interest due, $1,646.68 ; and accrued, $14,017.65, on premium notes, policy loans or
liens 16. Rents accrued, on company's property or
lease

15,664 38 1,007 14

17. Total interest and rents due and accrued

18. Market value of real estate over book value 19. Market value (not including interest in item 12) of bonds

and stocks over book value

,''"

20. Due from other companies for losses orclaims on policies

of this company.reinsured

New Business. Renewals.

21. Gross premiums due and un-

reported on policies in forci

December 3L 1903

$

35,888 97$ 116,112 12

22. Gross deferred premiums on policies in force December
31, 1903

9,821 15 134,489 03

23, Totals

;

24. Deduct loading, 25 per cent.

45,710 12 11,427 53

250,601 15 62,650 29

62,022 52 179,599 12
35,735 17
3 700 00

25. Net amount of uncollected and deferred premiums . .
27. Gross assets

34,283 59

187,950 86 222,233 45 ~5^267,332 32

DEDUCT ASSETS NOT ADMITTED.

29. Furniture, fixtures and safes

j.

30. Commuted commissions, $44,100 ; agents'

debit balances, $121,900.21

31. Suspense account 32, Bills receivable 33, Premium notes or loans on policies and net
premiums in item 25 in excess of the net

onu- 204 53
19 968 66 3,687 66
^

value of their policies 35. Total. 36. Total admitted assets.

'__ 251,673 66
.$ 5,015,658 66

220

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, as computed by the actua-

ries' table of mortality, with 4 per cent,

interest

$ 4,647,449 00

1. Same for reversionary additions

47,234 00

Total

4,694,683 00

Deduct net value of risks of this company

reinsured in other solvent companies....

2,090 00

Net reserve

$

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies

5. Claims for death losses in process of ad-

justment or adjusted and not due

$ 25,405 24

6. Claims for death losses which have been

reported and no proofs received

6 836 00

8. Claims for death losses and other policy

claims resisted by the company

13,500 00

4,692,593 00 7,756 78

10. Total policy claims 12. Premiums paid in advance, including surrender values so
applied 14. Cost of collection on uncollected and deferred premiums,
in excess of the loading thereon 15. Salaries, rents, office expenses, taxes, bills, accounts, bo-
nuses, commissions, medical and legal fees, due or accrued 19. Dividends or other profits due policy-holders, including those contingent on piyment of outstanding and deferred premiums 20. Dividends apportioned, payable to policy-holders during 1904 23. Capital stock 24. Unassigned funds (surplus)

45,741 24 1,684 45 5,555 82
14,206 17
40,360 35 1,560 55
100.000 00 106,200 30

25. Total liabilities

$ 5,015,658 66

Business in Georgia during Year 1908.

No. Policies on the lives of citizens of said State in force

Amount.

December 31 of previous year

1048 $ 1,369,727 98

Kansas mutual assumed

7

11,000 00

Policies on the lives of citizens of said State issued

during the year

240 $ 309,284 00

Total Deduct ceased to be in force during the year

1295 1,690,011 98 363 533,019 84

Policies in force December 31

932 $ 1,156,992 14

COMPTROLLER-GENERAL'S REPORT.

221

Losses and claims unpaid December 31 of previous

year



Losses and claims incurred during the year.

No.
2 $p 10

Amount.
5,'218 90 17,260 00

Total

12

Losses and claims settled during the year in cash

9

Losses and claims unpaid December 31

3

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends, commis-

sions or other expenses

$

22'47890 12,328 90 10,150 00
35-087 97

LIFE INSURANCE COMPANY OP VIRGINIA.

J. G. WALKER, President.

W. L. T. ROGERSON, Secretary.

Principal Office, Richmond, Va.

L. Z. ROSSER & MORRIS BRANDON, Atlanta, Attorneys 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

$ 1,180,206 71

Increase of capital during 1903

50,000 00

Extendedat

" 1,230,206 71

lr--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

;-

2i Cash received for renewal premiums, with-

out deductions for commissions or other

expenses 3. From dividends applied to pay running

premiums 4i. From surrender values applied to purchase

paid-up insurance and annuities

^

1,503,598 17
350 93 6,344 70

Total

T 1,510,293 80

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company

_

7 Total premium income 8 Cash received for interest on mortgage loans

830 39

1,509,463 41 43,282 56

9. Cash received for interest on bonds owned, and dividends

on stock

'''

10. Cash received for interest on premium notes, loans, or

liens

' "

13. Cash received for rents for use of company s property

4,599 67
6,626 16 5,557 32

Total income.

.$ 1,569,529 12

222

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING YEAR 1903-

1. Cash paid for death claims, including revis-

ionary additions

$

3. Cash paid for matured endowments, and ad-

ditions thereto

5. Cash paid for weekly indemnity claims

438,038 79
16,934 08 1,165 35

Tolal 6. Deduct amount received from other com-
panies for losses or claims on policies of this company reinsured

456,158 22 5,000 00

7. Total net amount actually paid for losses and matured endowments
10. Cash dividends paid policy-holders 11. Cash dividends applied to pay running pre-
miums 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

451,158 22 11,204 40
350 03
243 58 17,561 04
6,344 70

Total paid policy-holders

..

16. Cash paid stockholders for interest or divi-

dends

:

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 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

22. Cash paid for taxes on franchises, $1,616.64 ;

on State taxes, $2,648.00

23. Cash paid for insurance department fees

and agents' licenses, $149.00; municipal

licenses, $4,461.78

24. Cash paid for rent

25. Cash paid for taxes on real estate

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $10,741.49; print-

ing, $11,359.20; postage, $3,110.41

28. Cash paid for real estate expenses, other

than taxes, $1,185.67 ; for legal expenses,

$7,018.13

$ 486,862 87 24,000 00 400,936 77 171,86283 41,53106
94,030 58 20,144 Hi 4,264 64
4,610 78 12,520 13 1,357 03
1,144 36, 25,211 10
8,203 80

COMPTROLLER-GENERAL'S REPORT.

223

29. Cash paid for the following items, viz.: Traveling expenses, $1,692.74; general expenses, $18,889.30
Loss on sale of real estate, $905.01; profit and loss, $10,177.33
Total miscellaneous expenses
30. Total disbursements

20,582 04

1]>082 34 $

84' >481 62

$ 1,334,344 49

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances .$

2. Loans on mortgages (first liens) on real estate



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

policies assigned as collateral 6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

7. Cash in company's office

89.. CBailslhs xrnecbeainvkabsle . .



Fire insurance premiums on mortgage, $50.50; Broad St.

Bank stock synd., $500.00

Other assets

'

'

81,998 17 918,249 96
89'4'6 9S 13>7'
^t'nl 23 129',747 96
6,038 89
V 000 00 '

11. Total net or ledger assets

.'

;

1". Less agents' cash bonds, $554.00; unpaid stockholders

dividends, $54.00



13. Total, ,led. ger assets

Mte>999 34 1,465,391 34

OTHER ASSETS.

14. Interest due, $2,972.14, and accrued, $7,148-

.02, on mortgages

$

15. Interest due and accrued on bonds and

stocks 16. Interest due, $207.00, and accrued, $1,180.11,

on collateral loans 17. Interest due, $108.22, and accrued, $46.15,
on premium notes, loans, or liens

18. Interest due, $2,439.37, and accrued, $200.70,

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

10,120 16
X'3Hf 154 3/
2'640 '

20 751 83 '
iU.Wd J

224

COMPTROLLER-GENERAL'S REPORT.

23. Gross premiums due and un-

reported on policies in force

December 31,1903

$

24. Gross deferred premiums on

policies in force December

31,1903

New Business.
0,792 36 $ 15,890 79

Renewals.
12,319 76 32.095 37

Totals 25. Deducting cost of collection,
7J, 15 and 40 per cent

22,683 15 9,073 26

44,415 13 4,255 11

26. Net amount of uncollected and deferred premiums.. . 13,609 89 40,160 02 .$
27. Thirty-day extension premium notes outstanding

53,769 91 509 17

28. Total assets, as per the books of the company

1,569,860 03

7. Bills receivable 9. Total admitted assets

ITEMS NOT ADMITTED.

4,445 70 $ 1,565,414 33

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to

the actuaries' and American expectancy

tables of mortality, with four and three

per cent, interest

$ 1,193,455 00

Deduct net value of risks of this company

reinsured in other solvent companies . .

277 00

Net reinsurance reserve

$ 1,193,178 00

5. Claims for death losses and matured endowments in proc-

ess of adjustment or adjusted and not due

14,455 00

16. Amount of any other liability of the company, viz.: Pre-

miums paid in advance

26,555 02

Surrender values claimable on policies canceled

1,353 00

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

J,235,54L 02 329,873 31

Total liabilities

$ 1,565,414 3:>

M

COMPTROLLER-GEXERAL'S REPORT.

225

MANHATTAN LIFE INSURANCE COMPANY, NEW YORK, N. Y.

HENRY B. STOKES, President.

J. H. GIFFIN, Secretary.

Principal Office, 64-70 Broadway, New York, N. Y.

JOHN J. COGGINS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of capital stock paid

up in cash

$ 100,000 00

Amount of net or ledger assets December

31 of previous year

$ 16,311,468 25

Extended at

* 16,311,468 25

II.--INCOME DURING THE YEAR 1903,

Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

5 513,553 29

1* Cash received lor renewal premiums, without deductions for commissions or other

expenses

1,889,931 59

3. From dividends applied to pay running premiums

37,737

3i From dividends applied to purchase paidup additions and annuities

3,904 83

4. From surrender values applied to pay running premiums

3,013 63

41 From surrender values applied to purchase paid-up insurance and annuities..

27,746 69

5. Consideration for annuities other than matured installment policies

14,216 00

Total

2,490,103 58

Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company : New business, $12,008.31; renewals, $18,871.22 ; total

30,879 53

7. Total premium income

$

8. Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned and dividends

on stock

10. Cash received for interest on premium notes, loans or

liens 11. Cash received for interest on other debts due the com-

pany 12. Interest charged to office building account 13. Cash received for rents for use of company's property,
including company's own occupancy

16. From dividends and surrender values on reinsurances . 17. Premium notes, loans or liens restored- by revival of

policies

_

278,849 54
167,642 87
106,759 62
9,112 08 43,963 38 251,879 77
784 28
3.291 11

Totalincome

* 3,321,506 70

226

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING THE YEAR 1903.

1. Cash paid for death claims, including revis-

ionary additions

$

3. Cash paid for matured endowments and ad-

ditions thereto

1,198,140 67 239,719 00

7. Total net amount actually paid for losses and matured endowments
8. Cash paid to annuitants 9. Premium notes, loans or liens voided by
lapse 10 Cash dividends paid to policy-holders 11. Cash dividends applied to pay running pre-
miums 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

1,437,859 67 10,109 45
26,287 60 35,341 10
37,737 55
3,904 83 206,895 90
3,013 63
27,746 69

Total paid policy-holders

16. Cash paid stockholders for interest or divi-

dends

$

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance):

New policies, $286,870.09 ; renewals, $101-

749.78; annuities, $710 80; total

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees, $37,-

808; inspection of risks, $5,389.96; total. .

20. Cash paid for salaries and all other compen-

sation of officers and other home office

employees

21. Cash paid for taxes on new premiums and

on renewals

22. Cash paid for taxes on reserves, $1,982.71;

on franchise, $126.17 ; on real estate, $47,-

200.68; total

23. Cash paid for insurance department fees

and agents' licenses, $3,902; municipal

licenses, $3,170.03; total

24. Cash paid for rent, including company's

occupancy

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $9,813.69; print-

ing, $12,759.03 ; postage, $10,003.49; total.

.$ 1,788,896 42 16,000 00
389,330 67 152,456 50 43,197 96
97,574 54 30,035 90
49,309 56
7,072 03 74,772 76
969 19 32,576 21

COMPTROLLER-GENERAL'S REPORT.

227

8. Cash paid for real estate expenses other than taxes, $92,834.90; for legal expenses, 121,213.38 ; total
29. Cash paid for the following items, viz.: Sundry office expenses
Loss on sale or maturity of ledger assets . .
Total miscellaneous expenses
30. Total disbursements

114,048 28
23,201 04 4,085 51
S 1,034,630 15 $ 2,823,526 57

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. .$ 5,030,628 35

: Loans on mortgage (first liens) on real estate

5,801,410 00

3. Loans secured by pledge of bonds, stocks or other market-

able collaterals

630,849 04

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,039,529 66

5 Premium notes, loans or liens on policies in force, of which

$9,279.16 is for first year's premiums

334,787 17

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

3,577,583 55

7. Cash in company's office

4.517 32

8. Cash deposited in banks

265,522 83

10. Agents' ledger balances

22,990 37

Commuted commissions

101,630 09

13. Total net or ledger assets

16,809,448 38

OTHER ASSETS.

14 Interest due, $556.19, and accrued, $112,-

014.97, on mortgages

$

15. Interest accrued on bonds and stocks

16. Interest accrued on collateral loans

17. Interest accrued on premium notes, loans

or liens

18. Interest accrued on other assets

19. Rents due, $4,839.12, and accrued, $6,866.67,

on company's property or lease

112,571 16 5,135 42 3,130 10
19,838 53 1,032 27
11,705 79

Total carried out

20. Market value of real estate over cost

21. Market value of bonds and stocks over cost.
New Business. Renewals.

23. Gross premiums due and unre-

ported on policies in force

December 31, 1903

$ 119,518 61 $ 131,276 17

24. Gross deferred premiums on pol-

icies in force December 31,

1903

. 8,333 00

83,418 00

Totals

127,851 61 214,694 17

153,413 27 492,354 36 84,823 35

228

COMPTROLLER-GENERAL'S REPORT.

25. Deducting loading, 22 per cent, on "new" and 22 per cent on ' 'renewals"

28,127 35

47,232 72

26. Net amount of uncollected and

deferred premiums

99,724 26 167,461 45 $ 267,185 71

28. Total assets, as per the books of the company

17,807,225 07

ITEMS KOT ADMITTED.

3. Commuted commissions

$

5. Agents' balances, $22,990.37 (less secured, $5,000)

110,630 09 17,990 37

Total

119,620 46

9. Total admitted assets

$ 17,687,604 61

V.--LIABILITIES.

1. Net present value of all the outstanding pol-

icies in force on the 31st day of Decem-

* ber, 1903, computed according to the

actuaries' table of mortality, with four

per cent, interest, and American three

and one-half and three per cent.

$ 15,873,665 00

Deduct net value of risks of this company

reinsured in other solvent companies ... 48,157 00

Net reinsurance reserve.

3. Claims for death losses reported, no proofs

received, less reserve

$

4. Claims for matured endowments due and

unpaid

5. Claims for death losses and matured endow-

ments in process of adjustment or ad-

justed and not due

6. Claims for death losses and other policy

claims resisted by the company

7. Amounts due and unpaid on annuity claims

$ 15,825,50S 00 21,191 00
2,482 00
5,862 00 11,000 00
301 19

Total policy claims 10. Amount of all unpaid dividends of surplus or other de-
scription of profits due policy-holders 11. Liability on lapsed policies 12. Premiums paid in advance 13. Commissions due agents on premium notes when paid.. . 14. Commissions in excess of loading on premiums

40,836 19
18,262 88 3,223 00 21,238 16 9,939 36 8,786 79

17. Liabilities on policy-holders' account Capital stock
15. Gross surplus on policy-holders' account

15,927,794 38 100,000 00
1,659,810 23

19. Total liabilities

$ 17,687,604 61

COMPTROLLER-GENERAL'S REPORT

229

Business in Georgia during 1903.

No. Amount. Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year 1131 $2,395,359 00

Number and amount of policies on the lives of citizens

of Georgia issued during the year

559 827,518 00

Total

1690 3,222,877 00

Deduct number and amount which have ceased to be in

force during the year

170 310,829 00

Total number and amount of policies in force

in Georgia December 31, 1903

1520 2,912,048 00

No.

Amount of losses ani claims on policies in Georgia in-

curred during the year

19

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

$

Amount.
55,754 00 55,754 00
89,619 60

MARYLAND LIFE INSURANCE COMPANY, BALTIMORE, MD.

WM. II. BLACKFORD, President.

JOHN W. HANSON, Secretary.

Home Office, 8 and 10 South Street, Baltimore, Md.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 100,000 00

Amount of ledger assets (as per balance)

December 31 of previous year

$ 2,151,906 65

Less accounts discharged, debit balances

agents

135 70

Extended at

$ 2,151,770 95

II.--INCOME.

1. First year's premiums on original policies

without deductions for commissions or

other expenses, less $3,470.80 for first

year's reinsurance

$

2. Surrender values applied to pay first year's

premiums

3 Total first year's premiums on original policies

27,067 32 14 2
27>20757

230

COMPTROLLER-GENERAL'S REPORT.

4. Dividends applied to purchase paid-up additions and annuities
6. Consideration for original annuities involving life contingencies
8. Total new premiums 9. Renewal premiums without deduction for
commissions or other expenses, less $12,700.89 for reinsurance on renewals 10. Dividends applied to pay renewal premiums 11. Surrender values applied to pay renewal premiums

13. Total renewal premiums

14. Total premium income

18. Interest on mortgage loans

$

19. Interest on collateral loans

20. Interest on bonds and dividends on stocks .

21. Interest on premium notes, policy loans or

liens, cash loans or policies

22. Interest on other debts due the company .

24. Rent from company's property for com-

pany's own occupancy

25. Total interest and rents From policies of reinsurance surrendered

28. Total income

III.--DISBURSEMENTS.

1. For death claims (less $3,500 reinsurance),

$135,556 ; additions, $438.82

$

2. For matured endowments (less reinsur-

ance) $27,862; additions, $2,077.76

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, $140.25; to pay renewal premiums $75.49
9. Dividends paid to policy-holders in cash... 10. Dividends applied to pay renewal premi-
ums, small amount of dividends paid in cash upon paid-up policies included 11. Dividends applied to purchase paid-up additions and annuities

12. Total paid policy-holders

1,287 20 6,008 56
$
225,190 02 9,681 54 75 49
$ 9,004 39 3,361 63 71,779 51 7,588 18
263 78 8,616 67
$
135,994 82 29,939 76
165,934 58 3,817 45 626 43 16,368 88
215 74 998 19
9,681 54 1,287 20
$

34,503 33 234,947 05 269,450 38
100,614 16 2,715 85
372,780 39
198,930 01

COMPTROLLER-GENERAL'S REPORT.

231

14. Paid stockholders for interest on dividends

$

15. Commissions and bonuses to agents (less commission on

reinsurance) first year's premiums, $18,035.65; renewal

premiums, $11,308.34; on annuities (original), $219.94.

17. Salaries and allowances for agencies, including manag-

ers, agents and clerks

18. Agency supervision, traveling, and all other agency ex-

penses 19. Medical examiner's fees

20. Salaries and all other compensation of officers and home

office employees

21. Rent received under sublease 22. Advertising, $1,660 24; printing and stationery, $870.31;

postage, $847.31

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 ..

29. All other expenses: Library bureau account, $943.46;

sundry expenses, $2,398.79

30. Total disbursements

$

6,000 00
29,563 93
6,816 42
2,342 00 2,640 50
22,032 58 89 00
3,377 86 1,031 95 4,174 57 2,185 77 2,212 19
3,342 25 284,739 03

IV.--LEDGEB ASSETS.

1. Book value of real estate unincumbered

$ 188,103 15

2. Mortgage loans on real estate, first liens

146,350 00

3. Loans secured by pledge of bonds, stocks or other collateral

78,600 00

4. Loans made to policy-holders on this company's policies

assigned as collateral

133,829 43

5. Premium notes on ordinary policies in force

9,380 24

Premium loans on policies issued under the name of loan

policies

7,975 56

6. Book value of bonds (excluding interest), $1,503,464.74;

stocks, $121,602.13

1,625,066 87

8. Cash in company's office, $1,006.68; deposited in bank* (not on interest) $30,480.73
9. Agents' balances

31,487 41 4,014 83

Dividends and interest due January, $2,678.70; interest

in default, $75; open accounts, judgments, etc., $13,658.73; suspended accounts, $124.08; furniture, $657.77 _ 17,194 28

2,242,001 77

Deduct ledger liabilities, agents' credit balances, $1,730.58; other $458.88

2'189 46

10. Total ledger assets

2 239'812 31

NON-LEDGER ASSETS.

11. Interest accrued on mortgages

$

12. Interest accrued on bonds and stocks

13. Interest accrued on collateral loans

2>245 67 7,566 61
812 22

232

COMPTROLLER-GENERAL'S REPORT.

14. Interest accrued on premium notes, policy

loans or liens

1,858 21

16. Rents due

551 67

17. Total interest and rents due and accrued

$

19. Market value of bonds and stocks over book value

21. Gross premiums due and unreported on

policies in force December 31, 1903

$ 22,459 14

22. Gross deferred premiums on policies in

force December 31, 1903

22,028 82

13,034 38 72,582 02

23. Total 24. Deduct loading 20 per cent.

44,487 96 8,907 59

25. Net amount of uncollected and deferred premiums

35,580 37

27. Gross assets

2,361,009 08

DEDUCT ASSETS XOT ADMITTED.

29. Furniture, fixtures and safes

$

30. Agents' debit balances

34. Book value of ledger assets over market

value, viz.: Real estate $853.15; open

accounts and judgments and suspended

accounts, $13,782.81, less ledger liabili-

ties deducted above, $2,189.46, $11,593 35

657 77 4,014 83
12,446 50

35. Total.

17,119 10

36. Total admitted assets

$ 2,343,889 98

V.--LIABILITIES.

1. Net present value of all outstanding poli-

cies in force on the 31st day of Decem-

ber, 1903, as computed by the insurance

department of Maryland on the actua-

ries' table of mortality with four per

cent, interest

$

Deduct net value of risks of this company

reinsured in other solvent companies

2,028,731 00 45,591 00

Net reserve 5. Claims for death losses in process of ad-
justment or adjusted and not due 6. Claims for death losses which have been
reported and no proofs received 7. Claims for matured endowments due and
unpaid, $1,500 due December 31, 1903, $669.66 unclaimed

$ 1,983,140 00 600 00 12,560 00
2,169 66

10. Total policy claims

$

12. Premiums paid in advance, including surrender values so

applied

15,329 66 197 26

COMPTROLLER-GENERAL'S REPORT.

233

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

22. Other liabilities: Agents' credit balances, $1,730.58;

other, $458.88

23. Capital stock



24. Unassigned funds (surplus)

500 00
4,829 42 2>!89 46 100,000 00 237,704 18

25. Total liabilities

$ 2,343,889 98

Business in Georgia during 1903.
No.

Policies on the lives of citizens of said State in force De-

cember 31 of previous year, estimated

329

Policies on the lives of citizens of said State issued during

the year

81

Amount.
$568,138 "M.010

Total Deduct ceased to be in force during the year

410

6J2>148

55

78,650

Policies in force, December 31, estimated

355 593,498

No. Amount.

Losses and claims incurred during the year Losses and claims settled during the year in cash

3 $ 4,619

3

4,619

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends, com-

missions or other expenses

$

17,675 87

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY OF SPRINGFIELD, MASS.

JOHN A. HALL, President.

H. M. PHILLIPS, Secretary.

Principal Office, 413 Main Street, Springfield, Massachusetts.

WILLIAM J. HARTY, Savannah, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid up in cash. ) Purely 2. Amount of capital subscribed but unpaid. } Mutual. Extended at

$29,000,927 69

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 752,782 98

1}. Cash received for renewal premiums,

without deductions for commissions or

other expenses

4,478,766 45

2\. Premium notes, loans, or liens taken in

part payment for renewal premiums . . 156,490 10

234

COMPTROLLER-GENERAL'S REPORT.

3. From dividends applied to pay running premiums
3J. From dividends applied to purchase paidup additions

677,016 24 71,198 17

Total

[ 6,136,253 94

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $11,963.73 ;

renewals, $128,427.31

140,391 04

7. Total premium income

$ 5,995.862 90

8. Cash received for interest on mortgage loans

630,087 46

9. Cash received for interest on bonds owned, and divi-

dends on stock

516,332 34

10. Cash received for interest on premium notes, loans, or

liens, including loans on company's policies

227,800 39

11. Cash received for interest on other debts due the com-

ply 12. Cash received as discount on claims paid in advance. .

5,121 61 1,368 85

13. Cash received for rents for use of company's property,

including $8,000.00 for company's own occupancy . . 13,786.25

16. From dividends and surrender values on reinsurance. .

38,129 61

17. Premium notes, loans, or liens restored by revival of Policies
19. From all other sources

9il92 09 215 515 87

Total income

$ 7,653,197 37

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

.{ 1,713,419 94

2. Premium notes, loans, or liens used in pay-

ment of the same

22,545 56

3. Cash paid for matured endowments, and

additions thereto

273,252 35

4. Premium notes, loans, or liens used in the

payment of same

1157 65

5. Cash piid for sum falling due during the

year on installment policies

22,127 50

Total

2,032,503 00

6. Deduct amount received from other com-

panies for losses or claims on policies of

this company reinsured of which $12,-

500.00 is for matured endowments . . .

22,441 00

7. Total net amount actually paid for losses and matured endowments
9. Premium notes, loans, or liens used in purchase of surrendered policies and voided by lapse

2,010,062 00 48,400 30

COMPTROLLER-GENERAL'S REPORT.

235

91. Premium notes, loans, or liens used in payment of dividends to policy-holders .

59,121 50

10. Cash dividends paid policy-holders . . .

20,664 44

11. Cash dividends applied to pay running

premiums

677,016 24

12. Cash dividends applied to purchase paid-

up additions 13. Surrender values paid in cash 14. Surrender values applied to pay interest .

71,198 17 457,467 72
1,015 71

14J. Dividends allowed in 1903 and left with the company to accumulate at interest, subject to the order of the policy-holder

53,402 47

Total paid policy-holders

$ 3,398,348 55

15. Dividends allowed, 1891 to 1902 inclusive, left with the company to accumulate at interest, subject to the or-

der of the policy-holder

105,871 57

17. Cash paid for commissions to agents (less commission on reinsurance), new poli-

cies, $163,691.86 ; renewals, $320,738.39. . 684,430 25

18. Cash paid for salaries, traveling expenses and allowances to managers and agents

85,306 74

19. Cash paid for medical examiners' fees, $55,694.50; inspection of risks, $2,112.28 .

57,806 78

20- Cash paid for salaries and all other compensation of officers and other home

office employees

158,519 48

21. Cash paid for taxes on new premiums and renewals

64,510 40

22. Cash paid for taxes on reserves, $24,809.27; on investments, $4,90601

29,715 28

23. Cash paid for insurance department fees and agents' licenses, $10,335.72; muni-

cipal licenses, $2,504.33. 24. Cash paid for rent, including $8,000.00 com-

12,840 05

pany's occupancy, less $307.50 received

under sublease

37,024 56

26. Cash paid for furniture, fixtures and safes for home and agency offices

7,217 86

27. Cash paid for advertising, $13,668.70; printing and stationery, $31,115.22 ; post-

age, $18,814.84

63,598 76

23. Cash paid for real estate expenses, other than taxes, $5,456.62; for legal expenses,
$5,089.49 29. Cash paid for the following items, viz.: .
Premiums on securities purchased . . .

10>546 U 27,103 63 81,456 97

Profit and loss

26'881 23

Total miscellaneous expenses

1,346,958 10

Total disbursements

* 4,851,178 22

236

COMPTROLLER-GENERAL'S REPORT.

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Oost value of real estate, exclusive of all in-

oumbrances

$ 398,872 15

2. Loans on mortgage (first liens) on real estate 14,148,092 97

4. Loans made in cash to policy-holders on

thi& company's policies assigned as col-

lateral

3,233,428 00

5. Premium notes, loans, or liens on policies

in force, less $4,623.64 given for reinsur-

ance

747,252 38

6. Oost value of bonds aud stocks owned, excluding accrued interest at time of

purchase

; . . . 12,571,779 13

7. Cash in company's office

1,607 81

8. Cash deposited in banks

701,914 40

13. Total net or ledger assets

$ 31,802,946 84

OTHER ASSETS.

14. Interest due, $3,142.90, and accrued, $218,-

264.91, on mortgages

$

15. Interest due, and accrued, on bonds and

stocks

17. Interest due, and accrued, on premium

notes, policy loans, or liens

19. Rents due, and accrued, on company's

property

Total carried out 21. Market value of bonds and stocks over cost .

221,407 81 178,484 57 67,526 37
133 50

467,552 25 533,817 12

23. Gross premiums due and unreported on policies in force December 31, 1903 .... $
24. Gross deferred premiums on policies in force December 31, 1903

New Business.

Renewals.

82,515 42 $ 236,851 60

82,899 39 581,087 56

Totals 25. Deducting loading 20 per cent.

165,414 81 33,082 96

817,939 16 163,587 83

26. Net amount of uncollected and deferred premiums . . 132,331 85 654,351 33

786,683 IS

28. Total assets

$ 33,590,999 39

V.-- LIABILITIES.
1. Net present value of all the outstanding policies in force on the 31st day of December, 1903, as computed according to the actuaries' table of mortality with four per cent, interest, American 3J per cent, on policies issued since 1900. ... $ 30,741,893 00

COMPTROLLER-GENERAL'S REPORT.

237

Deduct net value of risks of this company reinsured in other solvent companies, less premiums deferred and in course of collection, $27,092.00

427,201 00

Net reinsurance reserve
5. Claims for death losses and matured endowments in process of adjustment . . .$
6. Claims for death losses and other policy claims resisted by the company. . . . .
8. Present value of unpaid amounts not yet due on matured installment policies . .

$30,314,692 00 58,40100
1,500 00 216,978 05

Total policy claims



10. Amount of all unpaid dividends of surplus, or other de-

scription of profits due and to become due policy-hold-

ers 13 Amount due on account of salaries, rents and office ex-

penses 16. Amount of any other liability of the company, viz.: Pre-
miums paid in advance.

276,882 Oo
312<472 17 1G-352 41 23,109 38

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

30,943,508 01 2,647,491 38

19. Total liabilities.

$33,590,999 39

Business in Georgia during 1903.

No.

Amount.

Number and amount of policies on the lives of citizens of Georgia in force December 3! of previous year 2040 $1,572,833 00

Number and amount of policies on the lives of citizens

of Georgia issued during the year

627 1,048,410 00

Total

2(iG7

Deduct number and amount which have ceased to

be in force during the year

_JM

5'621'273 00 303>088 00

Total number and amount of policies in force

in Georgia December 31, 1903

2512 5,318,185 00

No.

Amount.

Amount of losses and claims on policies in Georgia in-

curred during the year

"

Amount of losses and claims on policies in Georgia

paid during the year.

. 14

Amount of premiums collected or secured in Georgia during

the year in cash and notes or credits, without any de-

duction for losses, dividends, commissions or other ex-

penses: Cash, $179,512.64; notes or credits, $1,917.00;

46>640 00 46'W0 00
^^ ^

total .

*rt

:S

COMPTROLLER-GENERAL'S REPORT.

METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK.

JOHN R. HEGBMAK, President.

JAMES L. ROBERTS, Secretary.

Principal Office, 1 Madison Avenue, New York City.

I.--CAPITAL STOCK.

1. Amount of capital stock

paid up in cash

$ 2,000,000 00

Amount of net or ledger assets Decem-

ber 31, of previous year

$ 85,540,770 54

Extended at

%

85,540,770 54

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new pol-

icies, without deductions for commis-

sions or other expenses

$ 6,292,662 92

1J. Cash received for renewal premiums,

without deductions for commissions

or other expenses

39,182,029 05

2\. Premium notes, loans, or liens taken in

part payment for renewal premiums..

88,372 43

5. Consideration for annuities, other than

matured installment policies

131,069 31

Total

$ 45,694,133 71

Deduct amount of premiums paid to

other companies for reinsurance on

policies in this company, new business,

$3,852.75 ; renewals, ,$33,319.39

37,173 14

Total premium income

$

Cash received for interest on mortgage loans

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

13. Cash received for rents for use of company's property,

including $231,519.00 for company's own occupancy.

14. Cash received for profits on sales of bonds or stocks.. .

19. From all other sources, viz.: Agents' cash deposits in

lieu of bonds

45,656,960 57 1,337,645 55
1,949,057 40
77,144 26
98,836 88
556,195 22 79,879 64
32,084 59

Total income

$ 49,887,804 11

COMPTROLLER-GENERAL'S REPORT,

239

III.-DISBCJRSEMENTS DURING YEAR 1903.

Cash paid for death claims, including re-

visionary additions

$ 12,888,890 7

Premium notes, loans, or liens used in

payment of the same

18,726 41

Cash paid for matured endowments, and

additions thereto

96,253 43

5. Cash paid forsums fallingdueduring the

year on installment policies

569 00

7. Total net amount actually paid for losses

and matured endowments

13,004,439 60

Cash paid annuitants

70,267 98

Premium notes, loans, or liens used in

purchase of surrendered policies, $18,-

143.81; voided by lapse, if22,980.34. . . .

41,124 15

Premium notes, loans, or liens used in pay-

ment of dividei.ds to policy-holders . .

17 96

10. Cash dividends paid policy-holders

603,237 32

13. Surrender values paid in cash

460,012 62

Total paid policy-holders

$

16. Cash paid-stockholders for interest or

dividends

.$ 140,000 00

17. Cash paid for commissions and bonuses

to agent (less commission on reinsur-

ance), new policies, $1,700,146.72; re-

newals, $5,134,795.37

6,834,942 09

Cash paid for salaries and allowances to

managers and agents

3,292,352 54

19. Cash paid for medical examiners' fees,

$456,130.32; inspection of risks, $324,-

280.73

780,411 05

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees (2,050 in number).... 1,803,427 51

21. Cash paid for taxes on new premiums, ~|

$....; on renewals

22. Cash paid for taxes on reserves, $....; |

on investments, $....; on real es- I

tate, $142,842.13

}

23. Cash paid for insurance department

fees and agents' licenses, $ ;

municipal licenses, $

790,100 70

24. Cash paid for rent, including $231,519.00 for company's occupancy
25. Cash paid for commuting commissions..

522,583 51 1,632,025 57

26. Cash paid for furniture, fixtures and safes for home and agency offices

88,909 05

27. Cash paid for advertising, $17,949.69;

printing, $389,502.49; postage, etc., $130,808.33

538,260 51

14,179,299 63

240

COMPTROLLER-GENERAL'S REPORT.

28. Cash paid for real estate expenses, other

than taxes, $249,241.39 ; for legal ex-

penses, $109,474.45

f

29. Cash paid for the following items, viz.:

Agency expenses, supervision, travel-

ing, etc., $622,905.03 ; general manage-

ment, $77,027.26 ; agents' surety bonds,

$17,042.58; directors and committees,

$3,000.00; Metropolitan staff savings

fund, $89,172.03; fire ins., $9,719.28 . ..

Total miscellaneouss expenses

30. Total disbursements

358,715 84
818,866 18 $ 17,600,594 55 $ 31,779,894 18

IV.--ASSETS AS PER LEDGER ACCOUNT.

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, re-
ceived during the year 6. Cost value of bonds and stocks owned, excluding ac-'
crued interest at time of purchase 7. Oash in company's office. 8. Cash deposited in banks 0. Agents' ledger balances

14,835,140 61 31,814,193 06
1,421,003 27
675,496 17
49,574,248 32 238,958 02
5,062,262 88 27,378 14

11. Total net or ledger assets

103,648,680 47

12. Deduct depreciation from cost of assets, to bring same

to market value

1,398,335 05

13. Total net or ledger assets, less depreciation

102,250,345 42

OTHER ASSETS.

14. Interest due, $126,366.41, and accrued,

$425,946.87, on mortgages

$

15. Interest due, $39,069.85, and accrued, $74,-

463.02, on bonds and stocks

17. Interestdue,$4,188.97,and accrued,$470.85,

on premium notes, loans, or liens

18. Interest due, and accrued, on other assets

19. Rents due, $5,889.13, and accrued, $2,779.00,

on company's property or lease

552,313 28
113,532 87
4,659 82 124 22
8,668 13

Total carried out

23. Gross premiums due and unreported on policies in force December 31, 1903.$

New Business. 306,095 05$

Renewals. 453,047 72

679,298 32

COMPTROLLER-GENERAL'S REPORT.

241

24. Gross deferred premiums on policies in force December 31, 1903
Totals 25. Deduct loading, 20 percent.
on "new," and 20 per cent. on "renewals"
26. Net amount of uncollected and deferred .premiums.
Industrial premiums unpaid, $537,564.39, less 40 per cent

832,074 60 1,756,110 97 1,138,169 65 $ 2,209,158 69
227,633 93 441,831 74
910,535 72 1,767,326 95 .
322,538 63

S 1,233,074 35 $ 1,767,326 95 $ 3,000,401 30

28. Total assets, as per the books of the company

105,930,045 04

ITEMS NOT ADMITTED.

5. Agents' balances

S

6. Loans on policies in excess of their net

value

27,378 14 246,355 30

Total

273,733 44

9. Total admitted assets

$ 105,656,311 60

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' table of mortality, with 4

per cent, interest, and American ex-

perience at Zyi per cent, interest % 92,903,591 00

Deduct net value of risks of this company reinsured in other solvent companies. .

72,672 00

Net reinsurance reserve

3. Claims for death losses due and unpaid )

4. Claims for matured endowments due I

and unpaid

....... _ U

5. Claims for death losses and matured

endowments in process of adjustment j

or adjusted and not due

J

6. Claims for death losses and other policy

claims resisted by the company

8. Present value of unpaid amounts on ma-

tured installment policies

9. Death claims reported and no proofs re-

ceived

% 164,310 62
55,147 50 26,512 00 146,872 19

92,830,919 00

Total policy claims
16 in

392,842 31

242

COMPTROLLER-GENERAL'S REPORT.

10. Amount of all unpaid dividends of surplus, or other de-

scription of profit due policy-holders

$

12. Amount of national, State or other taxes due

)

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, $226,431.0(5; agents' cash

deposits in lieu of bonds, $119,571.50; special reserve,

$1,177,332 00

47,230 95 170,112 22
1,523,334 56

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

94,964,439 04 10,691,872 56

19. Total liabilities

105,656,311 60

Business in the State of Georgia during the Year.

No.
Number and amount of policies on the lives of citizens

Amount.

of Georgia in force December 31 of previous year. 2,196 $ 2,456,658 00

Number and amount of policies on the lives of citizens

of Georgia issued during the year

1,267 1,043,101 00

Total

3,463

Deduct number and amount which have ceased to be

in force during the year

914

3,499,759 00 720,614 00

Total number and amount of policies in force

in Georgia December 31, 1903

2,549

No. Amount of losses and claims on policies in Georgia un-

paid December 31 of previous year

1

Amount of losses and claims on policies in Georgia in-

curred during the year

24

2,779,145 00 Amount. 500 00
30,598 00

Total

25

31,098 00

Amount of losses and claims on policies in Georgia

paid during the year

20

Premiums collected and secured in Georgia during the year

in cash and notes or credits, without any deductions

for losses, dividends, commissions or other expenses. .$

26,498 00 351,821 95

COMPTROLLER-GENERAL'S REPORT.

243

MICHIGAN MUTUAL LIFE INSURANCE COMPANY OF DETROIT, MICH.

O. R. LOOKER, President.

A. F. MOORE, Secretary.

Principal Office, 150 Jefferson Avenue, Detroit, Mich.

F. L. WOODRUFF, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of capital stock paid

up in cash

$ 250,000 00

Amount of net or ledger assets December

31 of previous year

$ 7,499,830 36

Extended at

$ 7,499,830 36

II.--INCOME DURING THE YEAR 1903.

Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

.$

H Cash received for renewal premiums,
without deductions for commissions or

other expenses

Premium notes, loans or liens taken in

part payment for premiums on new

policies

2i Premium notes, loans or liens taken in part payment for renewal premiums

3. From dividends applied to pay running

premiums

8J. From dividends applied to purchase paidup additions and annuities

4. From surrender values applied to pay run-

ning premiums

203,500 45
1,107,046 31
373 93 118,558 35 17,040 42 10,520 98
3,594 49

Total Deduct amount of premiums paid to other
companies for reinsurance on policies in this company, new business, $1,299 ; renewals, .$10,605.98

1,460,63493 1UW4JJ8

7. Total premium income

* 1,44S'7^ 95

8. Cash received for interest on mortgage loans

326,279 22

9. Cash received for interest on bonds owned, and dividends on stock

3,675 30

10. Cash received for interest on premium notes, loans or liens

48,519 54

11. Cash received for interest on other debts due the com-
pany 12. Cash received as discount on claims paid in advance.

4,260 03 53 34

244

COMPTROLLER-GENERAL'S REPORT.

13. Cash received for rents for use of company's property.. .$ 14. Cash received for profits on sales of bonds or stocks .... 19. From all other sources, viz.: Deposit account

20,117 04 1,070 99 493 63

Total income

$ 1,853,199 04

III.--DISBURSEMENTS DURING THE YEAR 1903.

1. Cash paid for death claims, including revis-

ionary additions

$

3. Cash paid for matured endowments and ad-

ditions thereto

V

Total

(i. Deduct amount received from other com-

panies for losses or claims on policies of

this company reinsured for matured en-

dowments

449,019 70 192,666 08
___^^_
641,685 78
15,000 00

7. Total net amount actually paid for losses

and matured endowments

$

9. Premium notes, loans or liens used in the

purchase of surrender policies voided by

lapse

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running pre-

miums

12. Casli dividends applied to purchase paid-up

additions and annuities

13. Surrender values paid in cash

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

626,685 78
3,639 55 3,471 88 17,040 42 10,520 98 99,531 32 3,594 49 18,774 02
230 59

Total paid policy-holders Paid for claims on supplementary con-
tracts not involving life contingencies. . .$ 16. Cash paid stockholders for interest or divi-
dends 17. Cash paid for commission:! and bonuses to
agents (less commission on reinsurance), new policies, $136,332.52; renewals, $86,904.31 18. Cash paid for salaries and allowances to managers and agents, traveling expenses, etc 19. Cash paid for medical examiners' fees, $19,067.71; inspection of risks, 18,794.95

$ 1,166 66 25,000 00
223,236 83 47,925 51 27,862 66

783,489 03

COMPTROLLER-GENERAL'S REPORT.

245

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees

$

2f. Cash paid for taxes on new premiums, $4,-

695.63 ; on renewals, $18,430.57

22. Cash paid for taxes on real estate

23. Cash paid for insurance department fees

and agents' licenses, $1,742.40; municipal

licenses, $1,831.90

24. Cash paid for rent, company's occupancy. .

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $5,047.94; print-

ing, $17,673.54; postage, $5,432.32

28. Cash paid for real estate expenses other

than taxes, $10,846.76 ; for legal expenses,

$11,165.26

29. Cash paid for the following items, viz.:

Agents' balances charged out

General expense (recording fees, office sup-

plies, subscriptions, etc.)

Total miscellaneous expenses

30. Total disbursements



53,739 88 23,126 20
8,842 77
3,574 30 15,267 66
882 04 28,153 80
22,012 02 4,516 21 11,915 14 497,221 68 S 1,280,710 61

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all

incumbrances

$ 371,689 59

2. Loans on mortgage (first liens) on real

estate

6,634,307 17

3. Loans secured by pledge of bonds, stocks or

other marketable collaterals

7,500 00

4. Loans made in cash to policy-holders on

this company's policies assigned as col-

lateral

745,817 94

5 Premium notes, loans or liens on policies

in force

70,891 18

6. Cost of bonds and stocks owned, excluding

accrued interest at time of purchase

25,000 00

7. Cash in company,'s office

15,852 06

. Cash deposited in banks

189,707 03

10. Agents' ledger balances

11,553 72

11. Total net or ledger assets

8,072,318 69

OTHER ASSETS.

14. Interest due, $21,389.80, and accrued, $91,-

931.78, on mortgages

$

15 Interest due and accrued on bonds and

stocks

113,321 58 25000

246

COMPTROLLER-GENERAL'S REPORT.

16. Interest due, $62.50, and accrued, $34.93, on collateral loans
17. Interest due, $4,081.91, and accrued $4,7 940.73, on premium notes, loan3 or liens.
18. Interest due and accrued on other assets . . 19. Rents due and accrued on company's prop-
erty or lease

97 43
9,022 64 21 08
1,912 00

Total carried out 20. Market value of real estate over cost 21. Market value of bonds and stocks over cost

124,624 73 14,877 60 3,750 00

23. Gross premiums due and tinreported on policies in force December 31, 1903 . .$
24. Gross deferred premiums on policies in force December 31, 1903

New Busines 14,603 77 $ 31,159 90

Renewals. 23,026 91 105,893 50

Totals 25. Deduct loading 20 per cent,
on "new," and 20 per cent, on "renewals"

45.763 67 128,920 41

9,152 73

25,7S4 08

26. Net amount of uncollected and deferred premiums....

36,610 94 103,136 33 139,747 27

28. Total assets, as per the books of the company

8,355,318 29

TTEMS NOT ADMITTED.
5. Agents' balances unsecured 9. Total admitted assats

240 25 $ 8,355,078 04

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' table of mortality, with 4 per

cent, interest and American 3$ per cent.

from January 1, 1903

$

Deduct net value of risks of this company

reinsured in other solvent companies. . . .

,623 44 29,425 00

Net reinsurance reserve

5. C'laims for death losses in process of ad-

justment or adjusted and not due

$

8. Present value of unpaid amounts on ma-

tured installment policies (face $16,000).

.$ 7,959,198 44 6,650 00 12,290 67

Total policy claims

$

10. Amount of all unpaid dividends of surplus, or other de-

scription of profits due policy-holders

18,940 67 544 53

COMPTROLLER-GENERAL'S REPORT.

247

13. Amount due on account of salaries, rents and office ex-

penses

$

15. Amount of any other liability of the company, viz. : Pre-

miums paid in advance

Deposit account

463 81
10,815 04 2,130 10

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

7,992,092 59 362,985 45

19. Total liabilities

$ 8,355,078 04

Business in Georgia during 1903.

No.
Number and amount of policies on the lives of citizens

in force December 31 of previous year.

766

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year

818

Amount.
$925,407 74 659,087 00

Total

!-584 $1,584,494 74

Deduct number and amount which ceased to be in

force during the year

701 597,859 30

Total number and amount of policies in force

in Georgia December 31, 1903

883

No.

Amount of losses and claims on policies in Georgia

incurred during the year



H

Amount of losses and claims on policies in Georgia

paid during the year

"

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, $28,418.60; notes or cred-

its, $1,395.65; total

$

986 635 44
Amount.
10,815 00 TM^ 00
29,814 25

MISSOURI STATE LIFE INSURANCE COMPANY OF ST. LOUIS, MO.

EDMUND P. MELSON, President.

0. A. GOCDALE, Secretary.

Principal Office, St. Louis, Mo.

N. B. BROWNE, 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

246,666 39 $

246,666 39

24S

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

.$

1 i. 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 I

policies

!>

2J. Premium notes, loans or liens taken in \

part payment for renewal premiums.. . J

4J. From surrender values applied to pur-

chase paid-up insurance and annuities.. .

114,366 98 97,626 10 237,436 35
30 00

Total

$

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company: New business, 153.04;

renewals, $186.06

449,459 43 339 10

7. Total premium income

-t

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 .

19 From all other sources, viz.: Sale of Handy Guides, $2.00 ;

quitclaim deed, mortgage loan No. 51, $1.00; can-

cellation charges on policies not delivered, $38.25

Total income

19,120 33 9,540 07 4,299 60
276 04
41 25 463,277 29

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

'. .$

2. Premium notes, loans or liens used in

payment of the same

45,279 24 2,709 49

7. Total net amount actually paid for losses and matured endowments.
9. Premium notes, loans or liens used in purchase of surrender policies, 1*2,053.70; voided by lapse, $28,163.87
13. Surrender values paid in cash 15. Surrender values applied to purchase paid-
up insurance and annuities

47,988 73
30,217 57 1,255 00 30 00

Total paid policy-holders

16. Cash paid stockholders for interest or divi-

dends

$

$ 8,000 00

79,491 30

COMPTROLLER-GENERAL'S REPORT.

249

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $77,162.69; renewals, $9,-

022,65; total 18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees, $4,-

666.50 f inspection of risks, $867.25

20. Cash paid for salaries and all other com-

pensation of officers and other home

office employees 22. Cash paid for taxes on franchise, $200 ; on

investments, $327.88 23. Cash paid for insurance department fees

and agents' licenses, $2,147.04 ; municipal

licenses, $366

.-

24. Cash paid for rent, including company's

occupancy 26. Cash paid for furniture, fixtures and safes

for home and agency offices 27. Cash paid for advertising, $494.02 ; printing,

$3,094.13; postage, $1,330.26

28. Cash paid for legal expenses 29. Cash paid for the following'items, viz.:

Agency supervision and traveling, $1,-

066.30; collection of premiums, $991.81;

incidental office expenses, $849.98; total.

Total miscellaneous expenses

30. Total disbursements

86,185 34 4,026 77 5,533 75
12,232 66 527 88
2,513 04 2,213 70 1,203 48 4,918 41 1,059 96

2,908 09

131,323 08 210,814 38

IV.--ASSETS AS PER LEDGER ACCOUNTS.

2. Loans on mortgage (first liens) on real estate

4

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

7. Cash in company's office

8. Cash deposited in banks

10. Agents' ledger balances

_

11. Total net or ledger assets



160,632 50
35 14 289,640 72
1,266 95 18,648 06 28,905 93
499,129 30

OTHER ASSETS.

14. Interest due, $703, and accrued, $3,857.68,

on mortgages

$

17. Interest accrued on premium notes, loans

or liens

Total carried out.

4,560 68 5,858 95

10,419 63

250

COMPTROLLER-GENERAL'S REPORT.

New Business. 23. Gross premiums due and un-

reported on policies in force

December 31, 1903

$ 11,639 30 $

24. Gross deferred premiums on

policies in force December

31, 1903

Renewals. 7,453 76 14,836 50

Totals 25. Deducting loading 15 percent,
on "new," and 15percent, on " renewals "

11,639 30 1,745 90

22,290 26 3,343 54

26. Net amount of uncollected and deferred premiums. . . .
27. Furniture, fixtures and safes

9,893 40

28. Total assets, as per the books of the company.

18,946 72 $ 28,840 12 2,500 00
540,889 05

ITEMS NOT ADMITTED.

2. Furniture, fixtures and safes

$

5. Agents' debit balances

7. Premium notes or loans and net premiums

in item 26 in excess of the reserve on the

policies



'

Total

9. Total admitted assets

2,500 00 31,434 86

27,405 07 $

61,339 93 479,549 12

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, 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 .. .

302,402 00 309 00

Net reinsurance reserve

$

13. Amount due on account of salaries, rents and office

expenses

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

.$

302,093 00
3,243 93 29,040 42
334,377 35 145,171 77 479,549 12

COMPTROLLER-GENERAL'S REPORT.

251

MUTUAL BENEFIT LIFE INSURANCE COMPANY OF NEW JERSEY.

FREDERICK FRELINGHCYSEN, President. EDWARD L. DOBBINS, Secretary. Principal Office, 752 Broad Street, Newark, N. J.

I.--CAPITAL STOCK.

Amount of net ledger assets December 31

of previous year

$ 79,225,204 23

Extended at

* 79,225,204 23

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new policies,

without deductions for commissions or

other expenses

* 1,568,116 31

H. Cash received for renewal premiums, without deductions for commissions or

other expenses

8,715,030 22

2. Premium notes, loans, or liens taken in

part payment for premiums on new pol-

icies

y

27,884 79

1\. Premium notes, loans, or liens taken in

part payment for renewal premiums

680,087 62

3. From dividends applied to pay running pre-

miums

1,168,466 24

Z\. From dividends applied to purchase paid-up

additions and annuities

368,029 22

4. From surrender values applied to pay running premiums

10,661 01

5. Consideration for annuities, other than

matured installment policies

134,597 94

7. Total premium income 8. Cash received for interest on mortgage loans

' 12,672,873 35 2,059,978 88

9. Cash received for interest on bonds owned, and dividends
on stock 10. Cash received for interest on premium notes, loans, or
liens and collateral loans 11. i'ash received for interest on otherdebts due the company 12. Cash received as discount on claims paid in advance 13. Cash received for rents for use of company's property.. . 14. Cash received for sales ol real estate

856,199 05
791,329 17 5,039 69 1,781 96
200,336 99 15,894 84

17. Premium notes, loans or liens restored by revival of policies

745 20

Total income.

.% 16,604,179 13

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$ 4,660,569 86

2. Premium notes, loans or liens used in pay-

ment of the same

170,158 98

3 Cash paid for matured endowments, and

additions thereto

1,096,097 82

4. Premium notes, loans, or liens used in the

payment of same

51,102 31

5. Cash paid for sums falling due during the

year on installment policies

47,031 91

7. Total net amount actually paid for losses

and matured endowments

$ 6,024,960 88

8. Capital paid to annuitants

110,152 30

9. Premium notes, loans or liens used in pur-

chase of_ surrender policies, $179,290.92;

voided by lapse $9.140.29

188,431 21

9J. Premium notes, loans, or liens used in pay-

ment of dividends to policy-holders

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running pre-

miums

.'. -

12. Cash dividends applied to purchase paid-up

additions and annuities

13. Surrender values paid in cash

14. Surrender values applied to pay running

5,030 56 295,717 10
1,168,466 24
368,029 22 1.127,085 58

premiums

10,661 01

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies $670,546.63; renewals, $612,-

778.02

$

18. Cash paid for salaries and allowances to

managers and agents

19 Cash paid for medical examiners' fees

20. Cash pai 1 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, $18,979.70;

on investments, $205,572.28; on real

estate, $51,573 45

23. Cash paid for insurance department fees

and agents'licenses, $10,969.74; munici-

pal licenses, $28,935.78

26. Cash paid for investment expenses, $55,-

562.61; miscellaneous office expense, $58,-

126.60

27. Cash paid for advertising, $35,979.01; print-

ing, $20,035.85 ; postage, $30,593.21

.$
1,283,324 65 69,002 96
135,495 93
295,564 32 128,839 04
276,125 43
39,905 52
113,689 21 86,608 07

9,298,534 10

COMPTROLLER-GENERAL'S REPORT.

253

28. Cash paid for real estate expenses, other than taxes, $57,456.86; for legal ex-
penses, 549,749.74 29. Cash paid for the following item: Premi-
ums on bonds purchased

107,206 60 93,237 09

Total miscellaneous expenses 30. Total disbursements

.$ 2,628,998 82 .$ 11,927,532 92

IV.--ASSETS AS PER LEDGER ACCOFXTS.

1. Real estate, exclusive of all incumbrances 2. Loans on mortgage (first liens) on real estate

.$ 3,154,117 41
44,423,316 11

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

2,242,450 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 $27,230.85 was received during the year

7,939,084 40 4,805,600 54

6. Par value of bonds owned, excluding accrued interest at

time of purchase

2'0,234,751 33

7. Cash in company's office 8. Cash depositea in banks 10. Agents' ledger balances

4,619 64 1,035.270 76
62,640 25

11. Total net or ledger asset's OTHER ASSETS.

14. Interest due, $48,338.44; and accrued, $956,-

925.64, on mortgages

1,005,264 08

15. Interest due and accrued on stocks and bonds
16. Interest due and accrued on collateral loans 17. Interest due and accrued on premium
notes, policy loans, or liens

Total carried out

21. Market value of bonds and stocks over par NewBusirieSS.

23 Gross premiums due and unreported on policies in force

December 31, 1903

$

140,438 19 $

24. Gross deferred premiums on policies in force December
31, 1903

125,967 57

181,18324 145 60
295,105 08
Renewals. 235,610 52
736,693 03

1,481,698 00 1,062,982 50

Totals '25, Deducting loading, 42 per
cent, on ''new" and 20 per cent, on "renewals" to re-
duce renewals to net

266,405~76 1^072,303 55 111,890 42 214,460.71

26. Net amount of uncollected and deferred premiums. ..

154,515 34

857,842 84 1,012,358 18

28. Total assets, as per the books of the company

87,458,889 12

254

COMPTROLLER-GENERAL'S REPORT.

5. Agents' balances

ITEMS NOT ADMITTED.

9. Total admitted assets

$ 62,640 25 $ 87,396,248 87

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' table of mortality, with four

per cent, interest

$ 78,524,265 00

Net reinsurance reserve.

$ 78,524,265 00

4. Claims for matured endowments due and

unpaid

$ 29,971 41

5. Claims for death losses in process of adjust-

ment or adjusted and not due

180,460 57

6. Claims for death losses and other policy

claims resisted by the company

5,295 00

8. Present value of unpaid amounts on ma-

tured installment policies (face $263,-

465.55)

200,954 70

Claims for death losses, no proof received

(estimated)

300,000 00

Total policy claims 10. Amount of all unpaid dividends of surplus, or other de-
scriptions of profits due policy-holders 13. Amount due on account of salaries, rents and office ex-
penses (estimated) 16. Amount of any other liability of the company, viz.: Pre-
miums paid in advance, 166,118.84; deferred endowment claims, $81,856.53 ; special reserves on policies issued since 1899 3% basis, $1,011,243; deferred death claims, $39,178.75

716,681 68 283,703 11
25,000 00
1,198,397 12

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

80,748,046 91 6,648,201 96

19. Total liabilities

$ 87,396,248 87

21. Estimated surplus accrued on all other

policies

$ 6,648,201 96

Business in Georgia during 190.1.

No. Number and amount of policies on the lives of citizens

Amount.

of Georgia in force December 31 of previous year 3306 S 7,216,429 00

Number and amount of policies on the lives of citizens

of Georgia issued during the year

550 1,050,405 00

Total

3856

Deduct number and amount which have ceased to be

in force during the year

406

8,266,834 00 695,889 00

Total number and amount of policies in force

in Georgia December 31, 1903

3450 $ 7,570,945 00

COMPTROLLER-GENERAL'S REPORT.

255

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.
3 $ 34

Total

,

3?

Amount of losses and claims on policies in Georgia

paid during the year

32

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.
10,333 00 88,040 00 98>373 00 84,373 00
265,397 64

MUTUAL LIFE INSURANCE COMPANY OF NEW YORK.

RICHAKD

A. .

.. ^
MCCUKDY,

oPresi-Adentf.

WILLIAM J.
GBANVILLE

MEA. SWTOHNIT, E,

\ \

Sepcrrreettaarrleiefcs-

Home Office, 32 Nassau Street, New York City.

I.--CAPITAL STOCK.

Amount of ledger assets (as per balance)

December 31 of previous year

$ 350,146,965 83

" Extendedat

$350,146,965 83

II.--INCOME.

1. First year's premiums on original policies,

without deduction for commissions or

other expenses, less 134,569.61 for first

year'3 reinsurance

$ 8,949,062 79

2. Surrender values applied to pay first year's

premiums

52,324 82

3 Total first year's premiums on original policies
4. Dividends applied to purchase paid-up additions and annuities
6. Consideration for original annuities involv-
ing life contingencies 7. Consideration for supplementary contracts
involving life contingencies

9,201,387 61 2,446,088 07 3,681,933 75
376,159 37

8. Total new premiums

77777777. $ 15,505,568 80

9. Renewal premiums without deduction for

commissions or other expenses, less $68,-

554.09 for reinsurance on renewals $44,061,151 32

10 Dividends applied to pay renewal premiurns

28,'756 43

256

COMPTROLLER-GENERAL'S REPORT.

11. Surrender values applied to pay renewal premiums
12. Renewal premiums for deferred annuities.

526,687 19 28,855 92

13. Total renewal premiums

$ 44,645,450 86

14. Total premium income

60,151,019 66

15. Consideration for supplementary contracts not involv-

ing life contingencies

180,743 03

18. Interest on mortgage loans

$ 3,792,698 62

19. Interest on collateral loans

481,379 86

20. Interest on bonds and dividends on stocks. 8,902,623 40

2L. Interest on policy loans or liens

917,977 88

22. Interest on other debts due the company. . 530,628 21

24. Rent from company's property, includ-

ing $275,000 for company's own occu-

pancy

1,584,776 31

25. Total interest and rents 26. Profits on sale or maturity of ledger assets

16,210,084 28 791,865 79

28. Total income

$ 77,333,712 76

III.--DISBURSEMENTS.

1. For death claims, $17,811,633.10; additions,

$1,134,419.57

$ 18,946,052 67

2. For matured endowments, $4,088,904.45;

additions, 3541,237.14

4,630,14159

3. Net amount paid for losses and matured

endowments

23,576,194 26

4. for annuities involving life contingencies 2,121,305 67

6. Surrender values paid in cash

3,384,048 87

7. Surrender values applied to pay new pre-

miums, $52,324.82 ; to pay renewal pre-

miums, $526,687.19

579,012 01

9. Dividends paid to policy-holders in cash. . 519,798 61

10. Dividends applied to pay renewal premi-

ums

28,756 43

11. Dividends applied to purchase paid-up ad-

ditions and annuities

2,446,088 07

12. Total paid policy-holders

$ 32,655,203 93

13. Paid for claims on supplementary contracts not involv-

ing life contingencies

72,576 OS

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums, 6,251,944.11; re-

newal premiums, $1,999,449.90; on annuities (origi-

inal), $169,418.11 ; (renewal), $413.67

8,421,225 79

17. Salaries and allowances for agencies, including manag-

ers, agents and clerks

... 1,491,433 93

18. Agency supervision, traveling and all other agency ex-

penses

238,028 42

COMPTROLLER-GENERAL'S REPORT.

257

19. Medical examiners' fees, $578,337.01; inspection of risks,

$215,574.83

1 788,911 86

20. Salaries and all other compensation of officers and home

office employees

953,916 59

21. Rent, including $275,000 for company's own occupancy. 544,814 72

22. Advertising, $333,088.21 ; printing and stationery, $680,-

849.35 ; postage, $182,709.05

1,196,646 61

23. Legal expenses

347,003 81

24. Furniture, fixtures and safes

156,440 24

25. Insurance taxes, licenses and department fees

767,405 29

26. Taxes on real estate

319,269 73

27. Repairs and expenses (other than taxes) on real estate. . 643,656 69

28. Loss on sale or maturity of ledger assets

13,724 38

29. All other disbursements: Exchange and brokerage, $28,-

505.13; committee fees and surety bonds, $37,977.95;

freight, express, duties, restaurant, $117,266.56; mis-

cellaneous items, $11,608.23

_ 195,357 87

30. Total disbursements

I 48,807,615 9J

IV.--LEDGER ASSETS.

Book value of real estate unincumbered

.$34,312,133 60

Mortgage loans on real estate

. 89,224,920 14

Loans secured by pledge of bonds, stocks or other collat-

eral.

14,217,500 00

Loans made to policy-holders on this company's policies

assigned as collateral

18,926,100 64

Book value of bonds (excluding interest), $145,980,433.36;

stocks, $52,092,073.74 Deposited in trust companies and banks on interest.
Cash in company's office 9. Agents' balances, $503,290.58; suspense, $956,060.52

198,072,507 10 . 22,439,395 88
21,154 14
1,459,351 10

10. Total ledger assets

378,673,062 60

NON-EEDOEK ASSETS.

11. Interest due, $18,150.80, and accrued, $940,-

097.04 on mortgages

$ 958,212 84

12. Interest due, $

, and accrued, on bonds

and stocks

13. Interest due, $21,909.45, and accrued, $1,

333.33, on collateral loans

1,726,010 48 23,242 78

14. Irterest due, $

, and accrued on policy

loans or liens

15. Interest due, $ assets

, and accrued on other





16. Rents due, $23,279.66, and accrued, $147,-

669.96, on company's property or lease.

8,612 51 81,272 81 170.949 62

17. Total interest and rents due and accrued. 19. Market value of bonds and stocks over book value

2,968,301 04 16,640,731 27

17 in

258

COMPTROLLER-GENERAL'S REPORT.

New Business.
21. Gross premiums due and

unreported on policies in

force December 31, 1903. .. .$ 80,288 00

22. Gross deferred premiums on

policies in force December

31,1903

239,252 63

Renewals.
$3,682,773 79 2,491.736 08

23. Totals

319,540 63 6,174,509 87

24. Deduct loading 22% per cent 71,896 64 1,389,264 72

25. Net amount of uucollected and deferred premiums.. . 247,643 99 4,785,245 15 $ 5,032,889 14

27. Gross assets

403,314,984 05

DEDUCT ASSETS NOT ADMITTED.

30. Agents' debit balances 34. Suspense

$ 537,261 87 9; 6,060 52

35. Total

1,493,322 39

36. Total admitted assets

$401,821,661 66

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, as computed by the Insur-

ance Department of New York, on the

actuaries' table of mortality, with 4 per

interest for policies issued before Janu-

ary 1, 1898, and on the American table,

with 3'j per cent, interest, for policies is-

sued on or after that date

$297,725,610 00

Same for reversionary additions

13,551,791 00

Same for annuities

24,988,386 00

Total

$336,268,787 00

Deduct net value of risks of this company

reinsured in other solvent companies

22,747 00

Net reserve

$ 336,246,040 00

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed

by the company

1,008,980 49

5. Claims for death losses in process of ad-

justment or adjusted and not due

$ 1,466,03169

6. Claims for death losses which have been

reported and no proofs received

42,772 00

7. Claims for matured endowments due and

unpaid (not yet presented)

300,736 61

8. Claims for death losses and other policy

claims resisted by the company

96,665 00

COMPTROLLER-GENERAL'S REPORT.

259

9. Due and unpaid on annuity claims involving life contingencies (not yet presented) 171,395 23

10. Total policy claims

$ 2,077,600 53

12. Premiums paid in advance, including surrender values

so applied

303,151 47

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

* ferred premiums

131,045 51

22. Other liabilities: Reserve for contingent guarantee fund,

*59,164,843.66; surplus to be apportioned in 1904, $2,-

830,00000

' 61,994,84366

25. Total liabilities

$401,821,661 66

Business in Georgia during 1903.

No.
Policies on the lives of citizens of said State in force De-

cember 31 of previous year

0228

Policies on the lives of citizens of said State issued during

the year and paid for

2234

Amount.
$21,675,800 4,439,351

Total
Deduct ceased to be in force during the year

11462 26,115,151 803 1,839,032

Policies in force December 31 Losses and claims incurred during year

10659
No.
118

24,276,119
Amount.
3o4,566

Losses and claims settled during the year in cash

118

354,566

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends commis-

sions or other expenses

* ^7,521 77

Amount of business written during year

7,U9,iw w

MUTUAL RESERVE LIFE INSURANCE COMPANY, NEW YORK, N. Y.

F A. BURNHAM, Poresi-dA*e*n,*t.

CHAS. W. CAMP, Secretary.

Principal Office, 305, 307 and 309 Broadway, New York City, N. Y.

IRWIN ALEXANDER, Augusta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December 31 of

^ ^

previous year

'

Extended at

'

^ w

260

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$ 250,395 06

1J. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

3,634,313 25

2. Premium notes, loans, or liens taken in

part payment for premiums on new poli-

cies

145,265 00

2J Premium notes, loans, or liens taken in

part payment for renewal premiums .... 166,559 11

3. From dividends applied to pay running

premiums

82,688 36

4. From surrender values applied to pay run-

ning premiums

519 78

4*. From surrender values applied to pur-

chase paid-up insurance and annuities.. . 14,049 77

7. Total premium income

$ 4,293,790 33

8. Cash received for interest on mortgage loans

18,725 90

9. Cash received for interest on bonds owned and dividends

on stock

17,787 34

10. Cash received for interest on premium notes, loans, or

liens

210,019 55

11. Cash received for interest on other debts due the com-

pany

13,489 65

13. Cash received for rents for use of company's property,

including $50,400.03 for company's own occupancy

154,806 71

17. Premium notes, loans, or liens restored by revival of

policies

2,382 12

19. From all other sources, viz.: Fees for alterations in poli-

cies

230 33

Total income

$4,711,231 93

III.--DISBURSEMENTS DURING YEAR 1903.

Cash paid for death claims, including re-

visionary additions

$ 2,686,100 99

Premium notes, loans or liens used in pay-

ment of the same

92,283 63

Total net amount actually paid for losses and matured endowments.
Premium notes, loans or liens used in purchase of surrendered policies, $32,240.22; voided by lapse, $272,855.24
9} Premium notes, loans or liens used in payment of dividends to policy-holders
10. Cash dividends paid policy-holders

2,778,384 62
305,095 46 1,728 62 4,029 65

COMPTROLLER-GENERAL'S REPORT.

261

11. Gash 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, $232,821.91; renewals, $83-

646.86; total

I

18. Cash paid for salaries and allowances to managers and agents

19. Cash paid for medical examiners'' fees, $ 13393 53; inspection of risks, $2,466.90;

total
20. Cash paid for salaries and all other compensation of officers and other home

office employees

21. Cash paid for taxes on new premiums and on renewals

22. Cash paid for taxes on reserves, $600.14; on real estate and investments, $22-

956.06; total
23. Cash paid for insurance department fees and agents' licenses, $14,714.19; muni-

cipal licenses, $860.73; total

24. Cash paid for rent, including 150,400.00 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, $21,843.92; printing, $20,059.44; total

28. Cash paid for real estate expenses, other than taxes, $102,747.14; for legal ex-

penses, $54,167.12; total

29. Cash paid for the following items, viz.: Agency expense, $65,312.24; postage,

$18,273.01; investment expense, $900.00;

actuarial expense, $31,449.04; general

office expense, $103,547.70; miscellaneous

expense, $123,565.82; total

Total miscellaneous expenses

80,959 74 31,897 16
519 78 14,049 77
$ 3,216,664 80
316,468 77 114,007 19
15,860 43
286,016 34 29,822 94 23.556 20
15,574 92 77,464 15 25,000 00
1,335 74 41,903 36
156,914 26
343,047 81 1,446,972 11

30. Total disbursements

* 4,663,636 91

262

COMPTROLLER-GENERAL'S REPORT.

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbranoes. .$ 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, of
which $42,787.85 was received during the year 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 10. Agents' ledger balances
On deposit with collecting banks and bonded collectors . .

682,848 04 505,750 00
1,872.912 86
135,058 85
535,253 27 826 01
689,076 94 51,601 32 180,203 64

13. Total net or ledger assets

4,653,530 93

OTHER ASSETS.

14. Interest accrued on mortgages

'. .$

15. Interest due, $1,922.60, and accrued,

$2,312.69, on bonds and stock

17. Interest due, $12,375.00, and accrued,

$66,212.00, on premium notes, loans or

liens

18. Interest due, $682.86, and accrued, $430.83,

on other assets

19. Bents due on company's property or lease..

3,681 63 4,235 29
78,587 00 1,113 69 3,981 23

Total carried out 20. Market value of real estate over cost

New Business. 24. Gross deferred premiums on

policies in force December

31, 1903

$ 81,243 33

25. Deducting loading, 20 per cent.

on "new" and 20 per cent.

on "renewals"

16,248 66

Renewals. $1,058,093 33
211,618 67

91,598 84 42,673 68

26. Net amount of uncollected and

deferred premiums

64,994 67 846,474 66

Net premiums in transit, reserve charged in liabilities

28. Total assets, as per the books of the company

911,469 33 222,465 00
5,921,737 78

ITEMS NOT ADMITTED.

5. Agents' balances

$

6. 1 >epreciation of bonds

7. Premium notes, loans and net premiums in

excess of the net value of their policies .

51,601 32 2,650 94
160,173 62

Total 9. Total admitted assets

214,425 88 .$ 5,707,311 90

sss^^sss^ssssssssss^i^

COMPTROLLER-GENERAL'S REPORT.

263

V.--LIABILITIES.

1. Net present value of all the outstanding pol-

icies in force on the 31st day of Decem-

ber, 1903, computed according to the

actuaries' and American tables of mor-

tality, with four and three and one-half

per cent, interest

$

4,203,909 00

Net reinsurance, reserve

5. Claims for death losses in process of adjust-

ment or adjusted and not due

$

6. Claims for death losses and other policy

claims resisted by the company

Claims for death losses and other policy

claims reported, no proofs received

* 4,203,909 00 623,016 98
44,400 30 248,583 02

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, $1,381.85; liability on policies cancelled, $1,142.00; dividend apportionsd, payable during 1904, $7,573.58
17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

916,000 30 ' 22,610 57
48>106 71
10,097 43 5,200,724 01
506,587 89

19. Total liabilities

$ 5,707,311 90

Business in Georgia during 1903.
Number and amount of policies on the lives of citizens of Georgia in force December 31 ot previous year
Number and amount of policies on the lives of citizens of Georgia issued during the year

No.

Amount.

1416 $2,589,029 OU

bi i,uw,ii uu

Tl)Ul '

2044 3,678,220 00

Deduct number and amount which have ce ised to be

in force dur.ng the year

412 623,472 00

Total number and am >unt of policies in force

in Georgia December 31, 1903

1032 3,054,748 00

N).

Amount.

Amount of losses and paid December

claims on policies in 31 of previous year

Geor;giau-n.-

Amount of losses and claims on policies in Georgia

incurred during the year

9 * 1

18'410 os 32,lo 50

Total

, .

2i '

Amount of losses and claims paid during the year

on

policies

in

Ge org i a

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:

Cash, $84,812.00; notes or crediis, $1,086.00; total $

50'60113 42-601 U
85,878 00

264

COMPTROLLER-GENERAL'S REPORT.

MUTUAL LIFE INSURANCE COMPANY OF ILLINOIS.

GEORGE W. RIGGS, President.

E. C. BRAIXARD, Secretary.

Principal Office, 135 Adams Street, Chicago, 111.

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I. -- CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$ 150,000 00

Amount of surplus paid up in cash

137,782 43

Amount of net or ledger assets December 31

of previous year

:

$

Extended at

287.782 43 $

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deduction for commissions

or other expenses

S

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. . . .

51,354 33
13,244 39 468 97

Total 6. Deduct amount of premiums paid to other
companies for reinsurance on policies in this company, new business

05 067 69 549 09

7. Total premium income

$

9. Cash received for interest on bonds owned and interest

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

15. Ledger assets, other than premiums, received from other

companies for assuming or reinsuring their risks

18. Money borrowed

Total income

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$

9. Premium notes, loans or liens voided by

lapse

2,500 00 293 86

Total paid policy-holders

$

287,782 43
64,518 60 8,357 42 300 54 21 10 1,574 71 5,000 00
79,772 37
2,793 86

COMPTROLLER-GENERAL'S REPORT.

265

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance):

New policies

$

18. Cash paid for salaries and allowances to

managers and agents 19. Cash paid for medical examiners' fees,
$3,980; inspection of risks, $852.60 20. Cash paid for salaries and all other compen-

sation of officers and other home office

employees 22. Cash paid for personal taxes 23. Cash paid for insurance department fees

and agents' licenses 24. Cash paid for rent, including company's

occupancy 25. Cash paid for agency supervision 26. Cash paid for furniture, fixtures and safes

for home and agency offices 27. Cash paid for advertising, $1,263.88; print-
ing, $8,239.36 ; postage, $1,389.95

28. Cash paid for legal expenses

29. Cash paid for the following items, viz.: Surety account, $261.50; telephone and telegraph, $731.50; library, $72; freight

and express, $373.13; miscellaneous expense of office, $107.01 ; collection ex-

pense, $156.81 ; subscription to journals,

$35.50; total

Total miscellaneous expenses .

35,323 94 370 00
4,832 60
22,854 S3 28 62
1,172 86 3,690 13 5,265 19 2,074 17 10,893 19 1,125 66
1,737 45

30. Total disbursements

IV.--ASSETS AS PER LEDGER ACCOUNTS.

4. Loans made in cash to policy-holders on this compa-^

ny's policies assigned as collateral

$

5. Premium notes, loans or liens on policies in force...

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 9. Bills receivable (secured) 10. Agents' ledger balances

18. Total net or ledger assets

OTHER ASSETS.

15. Interest accrued on bonds and stocks

$

17. Interest accrued on premium notes, loans

or liens

1,821 19 126 83

Total carried out.

89,368 64 02,162 50
3,495 35 468 97
237,612 60 156 96
2,340 59 24,789 16
6,528 67 275,392 30
1,948 02

266

COMPTROLLER-GENERAL'S REPORT.

New Business. 23. Gross premiums due and un-

reported on policies in force

December 31, 1903

$ 10,914 17 $

24. Gross deferred premiums on

policies in force December

31,1903

2,012 66

Renewals. 4,624 12 2,831 10

Totals 25. Deducting loading, 15 per
cent, on " new," and 16 per cent, on " renewals "

12,926 83 1,939 02

7,455 22 1,118 28

26. Net amount of uncollected and deferred premiums... 10,987 81

28. Total assets, as per the books of the company

ITEMS NOT ADMITTED.

Due and deferred premiums in excess of

reserve

$

Agents'balances, unsecured by bjnds Book value over market value bonds

6.336 94 $ 17,324 75 294,665 07
9,347 31 834 61
12,433 24

Total

22,615 16

9. Total admitted assets

$ 272,049 91

V.--LIABILITIES.

1. Net present value of all the outstanding policies in force on the 31st day of I> -

cember, 1903, 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. . ..

27,773 00 535 00

Net reinsurance reserve Claims for death losses due and unpaid % Claims for death losses and matured en-
dowments in process of adjustment or adjusted and not due

.% 1,000 00

27,238 00

2,000 00

Total policy claims 13. Amount due on account of salaries, rents and office ex-
penses 14, Amount due by the company for borrowed money 16 Amount of any other liability of the company, viz : Pre-
miums paid in advance, $100; commissions due agents on notes when paid, $20.50 17, Capital stock 18, Surplus
19. Total liabilities

3,000 00
2,710 35 5,000 00 ,
120 50 150,000 00
83,981 06 272,049 91

COMPTROLLER-GENERAL'S REPORT.

267

Business in Georgia during 1903.
Number and amount of policies on the lives of citizens of Georgia issued during the year
Deduct number and amount which have ceased to be in force during the year

No. 161 $ 18

Total number and amount of policies in force

in Georgia December 31, 1903

146 $

Amount. 296,750 00 33,500 00
263,250 00

NATIONAL LIFE INSURANCE COMPANY OF THE UNITED STATES OF AMERICA.

. M. STARNES, President.

R- E. SACKETT, Secretary.

Principal Branch Office, 159 La Salle Street, Chicago, III.

MARK J. MCCORD, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

casQ

. . . $ 1,000,000 00

Amount of net or ledger assets December

31 of previous year

'$

Extended at

2,771,557 9a *

2^''557 95

Certificate of depout deposited with Canadian Govern-

ment on amount of special deposit

S 110,000 00

II.--INCOME DURING YEAR 1903.

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 premium-) . .

3. From dividends applied to pay running

premiums 4J. From surrender value applied to purchase

paid-up insurance and annuities _

472,837 90
812,233 70 32,967 78
236 47 22,912 47

Total 6. Deduct amount of premiums paid to other
companies for reinsurance on p dicies in this company, new business, $171.45; renewals, $2,268.16. . .
7. Total premium income

1,341,188 32
2,439 61 $ 1,338,748 71

268

COMPTROLLER-GENERAL'S REPORT.

8. Cash received for interest on mortgage loans .... 3 i 9. Cash received for interest on bonds owned, and dividends
on stock
10. Cash received for interest on premium notes, loans, or liens
11. Cash received for interest on collateral loans. 12. Cash received as discount on claims paid in advance. . 13. Cash received for rents for use of company's property,
including $12,4!)J.00 for company's own occupancy . . 14. Cash received for profits on sales of bonds or stocks . . 15. Ledger assets, other than premiums, received from
other companies for assuming or reinsuring their risks 18. Profit and loss 19. From all other sources, viz. : Consideration for supple-
mentary contract not involving life contingencies . .

21,494 04
35,225 00
12,824 38 725 75 892 34
81,715 42 11,187 50
807,361 15 11 05
9,328 00

Total income

$ 2,319,513 34

III.--DISBURSEMENTS DURING YEAR 19u3.

Cash paid for death claims, including re-

visionary additions.

$

Premium notes, loans, or liens used in pay-

ment of the same

Cash paid for matured endowments, and

additions thereto ....

Cash paid for sums falling due during the

year on installment policies

241,327 47 1,204 38 5 667 00 6.4S5 00

Total net amount actually paid for losses and matured endowments
Cash paid to annuitants 9. Premium notes, loans or liens voided by
lapse 10. Cash dividends paid policy-holders ... 11. Cash dividends applied to pay running pre-
miums 13. Surrender values paid iu cash 14. Amount returned to policy-holders .... 15. Surrender values applied to purchase paid-
up insurance and annuities

251,683 85 421 71
26,004 14 236 61
236 47 26,923 OS
5,090 25
22,912 47

Totai paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $351,882.56; renewals, $30,-

666.00

$

18. Cash paid for salaries and allowances to

managers and agents 19, Cash paid for medical examiners' fees, $26,-

897.57; inspection of risks, $4,697.05. . .

if
382548 56 84,794 13 31,594 62

336,508 58

COMPTROLLER-GESERAL'S REPORT.

269

20. Cash paid for salaries and all other compensation of officers and other home office employees
21. Losses on sale or maturity of ledger assets . 22. Cash paid for taxes on real estate 23. Insurance taxes, licenses and department
fees. 24. Cash paid for rent, including $12,400.00 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, $5,876.55; print-
ing and stationery, $13,838.51; postage, $3,981.26 28. Cash paid for real estate expenses, other than taxes, $8,678.79; for legd expenses, $21,678.69. 29. Cash paid for the following items, viz : Actuarial services, 13,647.66 ; collection and exchange, $521.63; telegram, telephone and express, $2,342.43; miscellaneous expense, $2 855.51 ; taxes on personal property, $1,109.24 ; agents' balances, $30 785,.46; miscellaneous notes, $1,277.85; profit and loss, $152 49; collateral loans, $2,793.54; ledger balances, *53,696.16 ; mortgage loans, $5,302.48 ; stocks, $9,000.00 ; bonds, $2,085.00
Total miscellaneous expenses
30. Total disbursements

64.137 49 37d !'>
27,316 45 12,914 38 12,835 00 23,680 10 13,543 79
23,696 32 30,357 48
115,569 45 $ 823,364 02 $ 1,159,872 60

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances . $ 2. Loans on mortgage (first Hem) ou real estate

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
policies assigued as collateral

5. Premium notes, loans, or liens on policies in force received during the year
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

9. Bills receivable 10. Deposited in trust companies and banks on interest . . .

Ledger balance



Deduct credit balance 13. Total net or ledger assets

1,688,870 64 1,139,418 50
47 000 00
87,762 11
8,994 34
849,485 00 26,194 47 81,816 53
368 64 118,156 91
2,i78 48 4,050,815 62
9'646 93 4,041,198 69

270

COMPTBOLLEB-GEKEBAL'S EEPOET.

OTHER ASSETS.

14. Interest due, $274.47, and accrued, $22,551,-

.92, on mortgages

$

15. Interest accrued, on bonds and stocks . .

IS. Rents accrued on company's property or

lease

22,826 39 542 83
4,237 83

Total carried out ...

*

20. Market value of real estate over cost . . .

21. Market value of bondsand stocks over cost

Nev Busln: ss. 23. Gross premiums due and un-

Renewals.

reported on policies in force

December 31, 1903 . . . $ 89,615 21 $ 108,360 91

24. Gross deferred premiums on

policies in force December

31, 1903

48,570 43 18S,S37 03

27,607 05 343,417 40
6,615 00

Totals 25. Deducting loading, and net
premiums in excess of reserve

138,185 64 115,992 39

297,197 94 43,433 14

26. Net amount of uncollected and deferred premiums. .

22,193 25 253,764 80 275,958 05

28. Total assets.

$ 4,694,796 19

V.--LIABILITIES.

1. Net present value of all the outstanding

policies, including annuities, in force on

the 31st day of December, 1903, computed

according to the actuaries' table of mor-

tality, with four per cent interest, and

American experience with 3} per cent.

interest

$

Deduct net value of risks of this company

reinsured in other solvent companies . .

3,235,301 63 28,902 00

Net reinsurance reserve . . 5. Claims for death losses and matured endow-
ments in process of adjustment or adjusted and not due 6. Claims for death losses and other policy claims resisted by the company .... 7. Amounts due and unpaid on annuity claims 8. Present value of unpaid amounts on matured installment policies (face $57,060.00)

$ 3,206,399 63
47,097 45 28,458 10
279 00 34,140 05

Total policy claims 12. Commissions due to agents on premium notes when paid 13. Amount due on account of salaries, rents and office ex-
penses

109,974 60 694 71
13,000 00

COMPTROLLER-GENERAL'S REPORT.

271

16. Amount of any other liability of the company, viz..- Pre-

miums paid in advance

$

Special deposit

55,922 06 110,000 00

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders'account

$ 3,495,991 00 1,198,805 19

19. Total liabilities

if 4,604,796 19

Business in Georgia during 1903.

No.
Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year 1201

Number and amount of policies on tbe lives of citizens

of Georgia issued during the year

313

Amount.
$2,602,125 86 604,985 00

Total

1544

Deduct number and amount which have ceased to be

in force during the year

"07

3,207,110 86 1,799,545 50

Total number and amount of policies in force

in Georgia December 31,1903

837

No.

Amount of losses and claims on policies in Georgia un-

paid December 31 of previous year

4

Amount of losses and claims on policies in Georgia in-

curred during the year

11

1,407,565 36
Amount.
4,055 00 11,297 00

Total

15

Amount of losses and claims on policies in Georgia

paid during the year

n

Amount of premiums collected or secured in Georgia during

the year in cash and notes or credits, without any de-

duction for losses, dividends, commissions or other ex-

penses: Cash, $45,834.62; notes or credits, $607.10 . . .$

15'352 00 11,508 00
46,441 72

NATIONAL LIFE INSURANCE COMPANY OF VERMONT.

JOSEPH A. DEBOER, President.

OSMAN D. CLARK, Secretary.

Principal Office, 116 State Street, Montpelier, Vt.

GEO. M. HOPE & Co., Atlanta, Attorneys for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$ 23,948,256 00

Extended at

23,948,256 00

272

COMPTROLLER-GENERAL'S EEPOBT.

II.--INUOME DURING YEAR 1903.

1. Cash received for premiums on new pol-

icies, without deductions for commis-

sions or other expenses.

$ 697,170 96

1J. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

3,646,540 11

n Premium notes, loans or liens taken in

part payment for renewal premiums... 298,631 21

3. From dividends applied to pay running

premiums

104,687 37

From dividends applied to purchase paid-

up additions and annuities

6,916 10

From surrender values applied to pay run-

ning premiums

607 18

Consideration for annuities, other than

matured installment policies

469,894 94

Total premium income

$ 5,224,447 87

Cash received for interest on mortgage loans

532,607 52

Cash received for interest on bonds owned, and divi-

dends on stock

370,874 43

10. Cash received for interest on premium notes, loans or

liens

201,284 66

11. Cash received for interest on other debts due the com-

pany

21,481 39

12. Cash received as discount on claims p:iid in advance. .. .

2,115 24

13. Cash received for rents for use of company's property,

including $7,500 for company's own occupancy

122,962 25

14. Cash received for real estate

2,049 98

Total income

6,477,823 34

HI.--DISBURSEMENTS DURTN& YEAR 1903.

1. 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

5. Cash paid for sums falling due during the

year on installment policies

923,631 50 9,117 65
290,600 00 6,723 19

7. Total net amount actually paid for losses and matured

endowments

$

8. Cash paid annuitants

9. Premium notes, loans or liens used in purchase of sur-

rendered policies

9J. Premium notes, loans or liens used in payment of div-

idends to policy-holders

1,230,072 34 91,395 43
76,000 53
316 30

COMPTROLLER-GENERAL'S REPORT,

273

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

50,804 39 104,687 37
6,916 10 494,366 19
607 IS

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, 1401,690 12; renewals, $276,-

172.99 ; annuities, $23,636.90

$

18. Cash paid for salaries and allowances to

managers and agmts 19. Cash paid for medical examiners' fees, $54.-

855.00; inspection of risks, $3,959.98.. . 20. Cash paid for salaries and all other com-

pensation of officers and home office em-

ployees

21. Cash paid for taxes on new premiums, $13,-

431.84 ; on renewals, .$71,857.75 22. Cash paid for taxes on reserves, $8,488.61;

on investments, $229.85 23. Cash paid for insurance department fees

and agents' licenses, $4,743.74; municipal

licenses, $3,505.34

24. Cash paid for rent, including $7,500 for 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 $26,147.27; print-

ing and stationery, $17,697.06; postage,

$14,861.48

28. Cash paid for real estate expenses other

than taxes, $52,117.32; for legal ex-

penses, $2,630.13

29. Cash paid for the following items, viz.:

Taxes on real estate, $24,648.14; travel,

$5,319.64; investment expenses, $3,401.30;

premium on bonds, $30,499.03

701,500 01 109,790 90 58,814 98
120,872 63 85,289 59
8,718 46
8,249 08 24,305 00 13,574 19 22,774 49
58,705 81
54,747 45
63,; 11

2,055,165 S3

Total miscellaneous expenses

1,331,210 70

30. Total disbursements

$3,386,376 53

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate exclusive of all incumbrances.. .$ 1,435,144 13

2. Loans on mortgage (first liens)

11,424,871 22

3. Loans secured by pledge of bonds, stocks or other marketable collaterals

22,000 00

18 in

274

COMPTROLLER-GENERAL'3 REPORT.

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

$ 2,831,841 56

5. Premium notes, loans or liens on policies in force, received during the year

995,492 59

6. Cost value of bonds and stocks owned, excluding accrued

. interest at time of purchase

9,505,684 08

7. Oash in company's office

6,867 61

8. Cash deposited in banks

818,331 17

11. Total net or ledger assets Deduct agents' credit balances

27,040,232 36 529 55

13. Total net or ledger assets, less depreciation

OTHER ASSETS.

14. Interest due, $3,583.24, and accrued, $207,-

519.59 on mortgages

.$

15. Interest due, $1,860, and accrued, $141,785.39,

on bonds and stocks.....

16. Interest due, and accrued, on collateral loans

17. Interest due, $8,349.76, and accrued, 106,-

781.35, on premium notes, loans or liens.

18. Interest due and accrued on other assets. .

Dividends accrued on bank stock

19. Rents due 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, 1903

$ 89,695 65 %

24. Gross deferred premiums on policies in force December 31, 1903

66,084 28

27,039,702 81

211,102 83
143,645 29 1,124 67
115,131 11 1,024 00 68 00 6,641 43
Renewals

478,737 43 227,520 92

234,721 36 352,091 20

Totals 25. Deducting loading, 57 per cent
on "new" and 7 per cent on "renewals''

155,779 93 88,794 56

586,812 56 41,076 88

26. Netamountof uncollectedand

deferred premiums

66,985 37

545,735 68

Annuity consideration in process of collection (net)

612 721 05 19,785 04

28. Total assets, as per the books of the company

28,378,467 25

V.--LIABILITIES.

1. Net present value of all the outstanding pol-

icies in force on the 31st day of Decem-

ber, 1903, computed according to the actu-

aries' table of mortality, with four per

cent, interest, and policies dated subse-

quent to December 31,1900, valued on the

American experience tables with 3 per

cent, interest

$ 24,805,942 95

Net reinsurance reserve

f 24,805,942 95

COMPTROLLER-GENERAL'S REPORT.

275

Claims for matured endowments due and

unpaid

$

Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due

6. Claims for death losses and other policy

claims resisted by the company

Amounts due and unpaid on annuity claims

Present value of unpaid amounts on ma-

tured installment policies (face, $67,-

738.86)

500 00
61,796 00 50,000 00 1,639 44
57,337 75

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 surrendered

12. Amount of national, State or other taxes due

)

13. Amount due on account of salaries, rents and office ex- J-

penses

)

16. Amount of any other liability of the company, viz.: Pre-

miums paid in advance, $11,910.45; extra life rate en-

dowment reserve, $297,609.75

171,273 19 .10.226 76 13,553 30 120,993 63
309,520 20

17. Liabilities on policy-holders'account 18. Gross surplus on policy-holders' account

25 431,510 03 2 946,957 22

19. Total liabilities

20. Estimated surplus accrued on Tontine or

other policies, the profits upon which are

especially reserved for that class of

policies

$

21. Estimated surplus accrued on all other pol-

icies

$28, 378,467 25
1,707,401 87 1,239,555 35

Business in Georgia during 1903.
Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year
Number and amount of policiei on the lives of citizens of Georgia issued during the year

No. 295 $ 318

Amount. 602,000 00 628,421 66

Xotal

613

Deduct number and amount which have ceased to be

in force during the year

196

1,230,421 66 375.341 66

Total number and amount of policies in

force in Georgia December 31, 1903

417 $

No.

Amount of losses and claims on policies in Georgia

incurred during the year

l

Amount of losses and claims on policies in Georgia

paid during the year

*

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.$

855,0*0 00 Amount.
1'000 00 1'000 00
26,464 52

273

COMPTROLLER-GENERAL'S REPORT.

NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY, BOSTON, MASSACHUSETTS.

BENJAMIN F. STEVENS, President,

S. F. TROLL, Secretary.

Principal Office, 87 Milk Street, Boston, Mass.

THOMAS B. LUMPKIN, Atlanta, Attorney for Service in Gaorgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December 31 of

previous year

$ 31,845,766 35

Extended at

$ 31,845,766 35

II.--INCOME DURING THE YEAR 1903.

I. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 649,130 76

14. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses ,

3,762,740 49

2',. Premium notes, loans, or liens taken in part

payment for renewal premiums

16,175 67

3. From distributicns applied to pay running

premiums

450,229 00

3J. From distributions applied to purchase

paid-up additions

38,193 32

4i. From surrender values applied to purchase

paid-up insurance

15,618 44

7. Total premium income

$ 4,932,087 (>S

8. Cash received for interest on mortgage loans

401,101 4S

9. Cash received for interest on bonds owned and dividends

on stock

708,279 98

10. Cash received for interest on premium notes, loans or

liens

148,627 76

II. Cash received for interest on other debts due the com-

pany : Collateral loans and bank interest

100,094 10

12. Cash received as discount on claims paid in advance. ...

2,413 82

13. Cash received forrents for use of company's property, in-

cluding $29,800 for company's occupancy

184,603 01

17. Premium notes, loans or liens restored by revival of pol-

icies

846 94

19. From all other sources, viz.: Balance of profit and loss

account

5,454 61

Total income

$ 6,483,509 38

COMPTROLLER-GENERAL'S REPORT.

277

IIJ.--DISBURSEMENTS! DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$ 2,035,979 44

2. Premium notes, loans, or liens used in pay-

ment of the same

20,520 56

3. Cash paid for matured endowments and

additions thereto

4,011 81

4. Premium notes, loans or liens used in the

payment of same

2,310 00

5. Cash paid for sums falling due during the

year on installment policies

18,168 73

7. Total net amount actually paid for losses and matured endowments
9. Premium notes, loans or liens used in purchase of surrendered policies. $5,671.57; voided by lapse, $5,989.75; policy loans, $2,025; total
9j. Premium notes, loans or liens used in payment of distributions to policy-holders.
10. Cash distributions paid to policy-holders. 11. Cash distributions applied to pay running
premiums 12. Cash distributions applied to purchase paid-
up additions 13. Surrender values paid in cash 15. Surrender values applied to purchase paid-
up insurance

2,478,159 73
13,686 32 894 90
59.849 96 450,229 00 38,193 32 463,335 86 15,618 44

Total paid policy-holders

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance):

New policies, 1347,439.64; renewals, $229,-

514.20; total

$

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees, $55,-

376.85 ; inspection of risks, $1,994.98; total

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, $29,481.48;

on investments, $36,637.99 ; total

23. Cash paid for insurance department fees

and agents' licenses, $7,047.09 ; municipal

licenses, $4,059.13; total

24. Cash paid for rent, including $29,800, com-

pany's occupancy

25. Cash paid for commuting commissions ....

$ 3,519,967 53
576,953 84 66,783 70 57,371 83
176,151 42 44,817 43 66,119 47
11,106 22 53,516 30 10,534 77

273

COMPTROLLER-GENERAL'S REPORT.

26. Cash paid for furniture, fixtures and safes for home and agency offices
27. Cash paid for advertising, $25,035.72; printing, $33,835.78; total
28. Cash paid for real estate expenses, other than taxes, $81,314.93 ; for legal expenses, $7,321.11; total
29. Cash paid for the following items, viz.: Telegraph and telephone service, light, express, exchange and other general items and incidentals at home office and agencies
Total miscellaneous expenses
30. Total disbursements

19,052 60 58,871 50 88,636 04
31,922 65 .S 1,261,837 77 .$ 4,781,805 30

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. .$ 2,409,642 5!)

2. Loans on mortgage (first liens) on real estate

10,020,275 00

3. Loans secured by pledge of bonds, stocks, or other mar-

ketable collaterals

1,320,940 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

2,553,770 12

5. Premium notes, loans, or liens on policies in force, of which

$16,175.67 was received during the year

196,659 36

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

17,107,366 0J

8. Cash deposited in banks

438,817 4)

18. Total net or ledger assets

33,547,470 43

OTHER ASSETS.

14. Interestdue, $453.75,and accrued, $85,676.65,

on mortgages

$

15. Interest accrued on bonds and stocks

16. Interest accrued on collateral loans

17. Interest due, $1,613.83, and accrued, $35,-

902.35,on premium notes, loans, or liens.

18. Interest accrued on other assets

19. Rents due, 81,637, and accrued, $14,257.91,

on company's property or lease

86,130 40 53,897 65 12,598 43
37,516 18 313 77
15,894 91

Total carried out 21. Market value of bonds and stocks over cost

New Business. Renewals. 23. Gross premiums due and unre-

ported on policies in force

December 31, 1903

$ 50,153 64 $ 173,779 45

206,351 34 1.395,685 00

COMPTROLLER-GENERAL'S REPORT.

279

24. Gross deferred premiums on policies in force December 31, 1903

94,305 95

474,890 62

Totals 25. Deducting loading, 20 per cent,
on "new" and 20 per cent, on "renewals"

144,459 59 28,89192

648,670 07 129.734 01

26. Net amount of uncollected and

deferred premiums

115,567 67

518,936 06 $ 634,503 73

28. Total assets, as per the books of the company

$ 35,784,010 50

V.--LIABILITIES.

1. Combined experience 4 per cent, on all pol-

icies issued prior to January 1, 1901 ;

American experience 3^ per cent, on all

policies issued since

$ 31,949,483 81

Set 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 en-

dowments in process of adjustment or ad-

justed and not due

6. Claims for death losses and other policy

claims resisted by the company

7. Losses reported and no proofs received ....

8. Present value of unpaid amounts on ma-

tured installment policies

$ 31,949,483 81 167,430 00 41,210 00
12,000 00 5,500 00 100,846 00 58,220 58

Total policy claims 10. Amount of all unpaid distributions of surplus or other
description of profits due policy-holders 16, Amount of any other liability of the company, viz.: Pre-
miums paid in advance

385,206 58 212,647 93 22,068 39

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

32,569,406 71 3,214,603 79

19. Total liabilities



* 35,784,010 50

Business in the State oj Georgia during the Year.

No.

Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year. 298 .?

Number and amount of policies on the lives of citizens

of Georgia issued during the year

221

Amount. 656,307 00 339,571 00

Total

519

Deduct number and amount which have ceased to be

in force during the year

59

995,878 00 145,065 00

Total number and amount of policies in force

in Georgia December 31, 1903

460

850,813 00

280

COMPTROLLER-GENERAL'S REPORT.

No. Amount of losses and claim on policies in Georgia un-

paid December 31 of previous year

1

Amount of losses and claims on policies in Georgia in-

curred during the year

10

Total

11

Amount of losses and claims on policies in Georgia

paid during the year

10

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. 296 00
29,000 00 29,296 00
29,000 00
31,879 40

NEW YORK LIFE INSURANCE COMPANY, NEW YORK, N. Y.

JOHN A. MCOAI*. President.

^^HSCOIIL, } S^taries.

Home Office, 346 Broadway, New York City.

LIVINGSTON MIMS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of ledger assets (as per balance)

December 31, of previous year

$308,912,576 63

Extended at

$308 912,576 63

II.--INCOME.

1. First year's premiums on original policies without deduction for commissions or other expenses, less $75,687.45 for first

year's reinsurance

$ 13,906,488 22

4. Dividends applied to purchase paid-up ad-

ditions and annuities 6. Consideration for original annuities involv-
ing life contingencies 7. Consideration for supplementary contracts
involving life contingencies

594,122 23 1,613,300 44
121,871 00

8. Total new premiums

$ 16,235,781 89

9. Renewal premiums without deduction for

commissions or other expenses, less $203,-

854.63 for reinsurance on renewals

56,519,186 88

10. Dividends applied to pay renewal premi-

ums

587,202 21

11. Surrender values applied to pay renewal

premiums

12,284 38

12. Renewal premiums for deferred annuities.

27,918 74

13. Total renewal premiums

57,146,392 21

14. Total premium income

73,382,174 10

COMPTROLLER-GENERAL'S REPORT.

281

15. Consideration for supplementary contracts not involving

life contingencies

$

17. Prenium notes, loans or liens restored by revival of poli-

cies

18. Interest on mortgage loans

$

19. Interest on collateral loans

20. Interest on bonds

21. Interest on premium notes, policy loans or

liens

22. Interest on other debts due the company. .

1,069,639 36 195,290 44
9,915,237 72
1,578,487 93 582,971 40

23. Discount on claims paid in advance 24. Rent from company's property, including
$192,211.52 for company's own occupancy

28,736 72 930,947 39

296,862 14 14,730 32

25. Total interest and rents 26. Profit on sale or maturity of ledger assets

14,301,310 96 274,453 89

28. Total income

$88,269,53141

III.--DISBURSEMENTS.

For death claims (less $6,000 reinsurance),

$15,997,351.04; additions, $862,730.71. ...$ 16,860,081 75

For matured endowments, $4,195,448.53;

additions, $110,492.78

4,305,941 31

Net amount paid for losses and matured

endowments

$ 21,166,023 06

For annuities involving life contingencies . 1,686,696 07

Surrender values paid in cash

6,399,95122

Surrender values applied to pay renewal
premiums Dividends paid to policy-holders in cash. ..

12'284 38 4,158,167 79

10. Dividends applied to pay renewal premiums 11 Dividends applied to purchase paid-up ad-
ditions and annuities

587,002 21 594,122 23

12, Total paid policy-holders

;

34'604'240 9<3

13 Paid for claims on supplementary contracts not involv-

ing life contingencies



J '

15. Commissions and bonuses to agents (less commission on reinsurance), first year's premiums, $7,123,204.17; re

newal premiums, $1,925,559.27; on annuities (original),

$40,975.82 ; (renewals), $8.09

9,089 747 35

Commuting renewal commissions Salaries and allowances for agencies, including manag-
ers, agents andicllelrks Agency, supervision, traveling, and all other agency ex-

buo.y^o 2 671,97y <5o

penses

;

Medical examiners' fees, $748,417.83; inspection of risks,

$164,003.89 ; total

912>4^ U

282

COMPTROLLER-GENERAL'S REPORT.

20. Salaries and all other compensation of officers and home

office employees

if

21. Rent, including $192,211.52 for company's own occupancy

22. Advertising, $123,862.02; printing and stationery, $317,-

920.20 ; postage, $256,050.22

23. Legal expenses

24. Furniture, fixtures and safes

25. Insurance taxes, licenses and department fees

26. Taxes ui real estate

27. Repairs and expenses (other than taxes) on real estare ..

28. Loss on sale or maturity of ledger assets

29. All other disbursements: Telegrams, cables, telephones,

$27,356.63; brokerage and exchange, $11,090.19; com-

mittee fees and surety bonds, $42,011.79; freight and

express, restaurant, rejection bureau cards, bills, books,

papers and newspaper clippings, $38,961.31; miscellan-

eous items, $40,263.61; total

806,335 13 649,590 78
697,832 44 254,793 95 153,271 85 812,591 89 153,231 32 263,439 24 12,353 00
159,683 53

30. Total disbursements

$ 52,883,459 45

IV.--LEDGER ASSETS.

Book value of real estate, unincumbered

$ 12,725,000 00

Mortgage loans on real estate, first liens

24,531,774 34

Loans secured by pledge of bonds

5,280,000 00

Loans made to policy-holders of this company's policies

assigned as collateral

28,502,073 02

Premium notes on policies in force

3,139,284 12

6 Book value of bonds, excluding interest

247,994,383 06

7. Deposited in trust companies and banks on interest

17,731,710 20

8. Cash in company's office, $129,479.39; deposited in banks

(not on interest), $4,264,944.46; total

4,394,423 85

10. Total ledger assets

344,298,648 59

NOX-LEDGER ASSETS.

11. Interest due, $28,319.30, and accrued, $146,-

699.69, on mortgages

$

12. Interest accrued on bonds

13. Interest accrued on collateral loans

14. Interest accrued on premium notes, policy

loans or liens

15. Interest accrued on other assets

16. Rents due, $18,370.07, and accrued, $17,129-

.45, on company's property or lease

175,018 99 1,714,342 83
66,166 66
163,990 00 30,654 00
35,499 52

17. Total interest and rents due and accrued

New Business. 21. Gross premiums due and un-

reported on policies in force

December 31, 1903

$

Renewals. $3,308,322 39

2,185,672 00

COMPTROLLER-GENERAL'S REPORT.

283

22. Gross deferred premiums on
policies in force December 3X 1903

691,750 00 3,958,285 00

23 Totals
24.' Deduct' loading 22% per cent

691,750 00 7,266,607 39 155,643 75 1,634,986 66

25. Net amount of uncollected and deferred premiums. . .
27. Gross assets.

536,106 25 5,631,620 73 $6,167,726 98 .$352,652,047 57

V.--LIABILITIES.

1. Net present value of all the outstanding

policies paid for, in force on the 31st day

of December, 1903, as computed by the

insurance department of the State of

New York on the actuaries, and the

American tables of mortality, with three

and four per cent, interest as follows:

Policies 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

mortality with three per cent, interest,

and all other policies being valued as per

the combined experience table of mor-

tality with four per cent, interest Same for reversionary additions

^l^f/JZ "" 3,d74,uyz

Same for annuities (including those in re-

duction of premium)

15'760,1

00

Total

$300,361,767 00

Deduct net value of risks of this company reinsured in other solvent companies

271,420 00

Net reserve

$300,090,347 00

2 Present value of amounts not yet due on supplement-

ary contracts not involving life contingencies, com-

puted by the company

," V V '." -V " ' i

3 Liability on policies cancelled and not included in item 1

upon which a surrender value may be demanded

1,041,693 68 69,663 28

5. Claims fordeath losses in process of adjust-

ment or adjusted and not due.

$ 57&.b14 '

6. Claims for death losses which have been reported and no proofs received

1 ,>y. 03

Claims for matured endowments due and unpaid (not presented)

413,529 08

Claims for death losses and other policy claims resisted by the company

5,000 00

9. Due and unpaid on annuity claims, involving life contingencies (not presented) ...

1">,W *

10. Total policy claims

2,580,473 11

284

COMPTROLLER-GENERAL'S REPORT.

11. Due and unpaid on supplementary contracts not involv-

ing life contingencies

$

12. Premiums paid in advance, including surrender values

460 11

so applied, $851,905 41; interest paid in advance on

policy loans, if524,030.00; total

1,375,935 41

13. Commissions due to agents on premium notes when paid ' 37,467 72

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and

deferred premiums 22. Other liabilities: Additional reserve on policies for which

350,960 64

the company voluntarily sets aside a reserve in excess

of the State's requirements, $6,859,193.00; reserve to

provide dividends payable to policy-holders in 1904, and

thereafter, as the periods mature: To holders of 20-

year period policies and longer, $23,539,923.16; to hold-

ers of 15-year period policies, $6,991,284.04; to holders

of 10-year period policies, $477,606.72; to holders of 5-

year period policies, $375,001.92; to holders of annual

dividend policies, $830,915.00; to provide for all other

contingencies, $8,031,122.78; total

47,105,046 62

25. Total liabilities

$35^:,6652,047 57

Business in Georgia during 190S.

No. Policies on the lives of citizens of said State in force

Amount.

December 31 of previous year

10,126 $ 20,646,831 00

Policies on the lives of citizens of said State issued

during the year

1>869 3,355,335 00

Total
Deduct ceased to be in force during the year

11,995 24,002,156 00 1,118 2,146 597 00

Policies in force December 31, 1903

10,877 $21,855,559~0u

Losses and claims unpaid December 31 of previous
year Losses and claims incurred during the year

il | 100

Total

Ill

Losses and claims settled during the year in cash

104

Losses and claims unpaid December 31, 1903

Premiums collected or secured in cash and notes or credits,

without any deduction for losses, dividends, commis-

sions or other expenses

$

Amount. 12,181,84 237,094 96 249,276 80 239,776 80 9,500 00
790 124 16

COMPTROLLER-GENERAL'S REPORT.

285

NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY OF MILWAUKEE, WIS.

H. L. PALMER, President.

J- W. SKINNER, Secretary

Home Office, corner Broadway and Michigan Streets.

W. W. WHITE, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year Extended at.

$160,558,838 53 $160,558,838 53

II.--INCOME.

First year's premiums on original policies

without deductions for commissions or

other expenses

$

4. Dividends applied to purchase paid-up ad-

ditions and annuities

6. Consideration for original annuities involv-

ing life contingencies

2,877,679 30 686,150 22 63,105 17

8. Total new premiums

$

9. Renewal premiums without deductions for

commissions or other expenses

$ 20,455,553 18

10. Dividends applied to pay renewal premi-

ums

2,071,07144

12. Renewal premiums for deferred annuities. .

2,090 29

3,626,934 69

13. Total renewal premiums

22,528,714 91

14. Total premium income

26,155,649

15. Consideration for supplementary contracts not involving life contingencies

170,759 00

17. Premium notes, loans or liens restored by revival of poli-

1,446 25

18. Interest on mortgage loans

*

20. Interest on bonds

21. Interest on premium notes, policy loans or

liens



22. Interest on other debts due the company. .

23. Discount on claims paid in advance (only

endowments discounted)

3,491,190 82 2,657,702 23
627,056 42 225,053 98
9,013 99

24. Rent from company's property, including $41,585 for company's own occupancy

434,731 48

25. Total interest and rents 26. Profit on sale or maturity of ledger assets 27. From other sources: Old debts paid, $184; internal reve-
nue stamps redeemed, $918.60

7>4^J48 92 bl.ftb/ /w
1'102 6"

23. Total income.

$ 33,835,273 66

>*?**-*..

2S6

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS.

For death claims, $6,026 506.10 ; additions,

$123,303.36

$

For matured endowments, $1,883,286 ; addi-

tions, $100,451.83

6,149,809 46 1,983,737 83

Net amount paid for losses and matured endowments
For annuities involving life contingents ...

8,133,547 2'9 45,885 30

Premium notes voided by lapse

9,979 31

Surrender values paid in cash 9. Dividends paid to policy-holders in cash. . . 10. Dividends applied to pay renewal premi-
ums 11. Dividends applied to purchase paid-up ad-
ditions and annuities

2,460,634 65 1,698,950 38
2,071,071 44
686,150 22

12. Total paid policy-holders

15,106,218 59

13. Paid for claims on supplementary contracts not involv-

ing life contingencies

78,410 99

15. Commissions first year's premiums, $1,250,519.40; re-

newal premiums, $1,677,032.02 ; on annuities (original),

$151.03; (renewal), $40.15

2,927,742 60

16. Commuting renewal commissions

430 74

18. Traveling and other agency expenses

11,191 51

19. Medical examiners' fees, $149,707; inspection of risks,

$21,115.51

170,822 51

20. Salaries of officers and home office employees

481,8S2 42

21. Rent for company's own occupancy

41,585 00

22. Advertising, $6,101.10; printing and stationery, $47,-

510.28; postage, $82,703.65 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, $139,671.99;
traveling expenses, $243.32; taxation expenses, $3,-

136,314 83 19,575 76 3,529 30
577,431 02 93,076 17 222,558 74

859.91; loss expenses, $1,453.88; expenses of trustees

and executive committee, 831,900.41; exchange, $8,-

885.47; freight and express, $9,448.42; expense mor-

tality investigation, $1,568; adjustment of real estate

values, $74,655.70; adjustment of bond values, $894,-

087.87

1,165,774 97

30. Total disbursements

if ^036,545 15

IV.--LEDGER ASSETS.

Book value of real estate unincumbered

$

Mortgage loans on real estate, first liens

Loans made to policy-holders on this company's policies

assigned as collateral

3,611,897 42 85,718,617 07
13,751,253 00

COMPTROLLER-GENERAL'S REPORT.

287

5 Premium notes on policies in force for first year's pre- $

miunis

312,311 54

6. Book value of bonds (excluding interest)

67,449,504 09

7. Deposited in trust companies and banks on interest

2,258,383 09

s". Cash in company's office

28,436 75

9. Agents' balances

47'lb4 US

10. Total ledger assets

173,357,567 04

NON-LEDGER ASSETS.

11. Interest due, $22,089.03, and accrued, $1,-

133,168.44, on mortgages

S

12. Interest due and accrued, on bonds

14. Interest due $69,113.36, and accrued, $354,-

896.63, on premium notes, policy loans

orliens

16. Rents due, $466.85; and accrued, $31,-

469.74, on company's property or lease..

1,155,257 47 1,007,404 33
424,009 99 31>936 59

17. Total interest and rents due and accrued 19. Market value (not including interest) of bonds over

book value
21. Gross premiums due and unreported on policies in force December 31, 1903.$
22. Gross deferred premiums on policies in force December 31, 1903

New Business. Renewals. 11,807 00 $ 861,895 00 232,025 00 1,421,243 00

23. Totals 24. Deduct loading 43 17-100 per
cent, on "new," and 7 40-100 per cent, on "re-
newals"

243,832 00 2,283,138 00 105,262 27 168,952 21

2,618,608 38 18,858 34

25. Net amount of uncollected and deferred premiums. .

138,569 73 2,114,185 79 2,252,755 52

27. Gross assets

DEDUCT ASSETS NOT ADMITTED.

30. Agents' debit balances

178,247,789 28 47,164 08

36. TotaLadmitted assets

.$ 178,200,625 20

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, as computed by the com-

pany on the actuaries' and American

tables of mortality, with 4 and 3 per

cent, interest respectively

$ 141,022,798 00

283

COMPTROLLER-GENERAL'S REPORT.

Same for revisionary additions Same for annuities (including those in
reduction of premiums)

3.532,041 00 481,015 00

Net reserve

$ 145,035,854 00

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed by the company

4. Claims for death losses due and unpaid . .?

48,091 12

602,441 94

5. Claims for death losses in process of ad-

justment or adjusted and not due

207,990 58

6. Claims for death losses which have been

reported and no proofs received

300,152 00

7. Claims for matured endowments due

and unpaid

58i992 00

8 Claims for death losses and other policy

claims resisted by the company

40,900 00

9. Due and unpaid on annuity claims, in-

volving life contingencies

678 82

10. Total policy claims

11. Due and unpaid on supplementary contracts not involving life contingencies

12. Premiums paid in advance, including surrender values so applied

15. Bills, accounts, commissions, medical fees, due or accrued

19. Dividends or other profits due policy-holders, including those contingent on payment of outstanding and deferred premiums.

20. Dividends apportioned, payable to policy-holders dur-

ing 1904



31. Dividends apportioned, payable to policy-holders subsequent to 1904: Tontine surplus payable to policyholders subsequent to 1904 as the periods of participationmature
24 Unassigned funds (surplus)

$656,804 52 1,030 00
34,705 24 72,841 73
284,304 87 2,218,518 22
23,679,360 78 5 614 763 90

25. Total liabilities

r^OO^lsli)

Business in Georgia during 1903.

Policies on the lives of citizens of said State in force De- No.

cember 31 of previous year

6i010

Policies on the lives of citizens of said State reported

during the year

630

Cotal

.

6,640

Deduct ceased to be in force during the year, including

removals from the State

441

Amount. $12 658 244
1,203,500 13,861,744
8,;>4 464

Policies in force, December 31

6,199 13,037,280

COMPTROLLER-GENERAL'S REPORT.

289

No.

Amount.

Losses and claims unpaid December 31 of previous year.. 3 $ 5,630

Losses and claims incurred during the year, decreased in

adjustment

59

141,608

Total Losses and claims settled during the year in cash

62 $ 147,238

59

139,230

Losses and claims unpaid December 31

Premiums collected or secured in cash and notes or cred-

its (not including premiums paid by non-residents)

without any deduction for losses, dividends, com-

missions or other expenses

$

3

8,008

446,546 20

PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA.

GEO. A. MOORE, President.

S. M. MARKS, Secretary.

Principal Office, 508 Montgomery Street, San Francisco, Cal.

ADAM C. HARMON, Savannah, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

up in cash

$500,000 00

Amount of net or ledger assets December

31 of previous year

.$

Extended at

4,982,959 89 $

4,982,959 89

II.--INCOME DURING THE YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

$ 472,474 77

1J. Cash received for renewal premiums,with-

out deductions forcommissions or other

expenses

1,099,083 92

2J. Premium notes, loans or liens taken in

part payment for renewal premiums. . 58,697 01

3. From dividends applied to pay running

premiums

46,013 68

3J. From dividends applied to purchase paid-

up additions and annuities

80,713 96

4. From surrender values applied to pay

running premiums

11,214 85

4$. From surrender values applied to pur-

chase paid-up insurance and annuities. 13,442 38

5. Consideration for annuities other than

matured installment policies

7,686 00

Total

,

18 in

1,789,326 57

290

COMPTROLLER-GENERAL'S REPORT.

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $1,795.18;

renewals, J20.477.ll

$

22,272 29

Total premium income Accident premium income

1,767,054 28) t 543,578 90 \ *

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, policy

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 propgrty,

including $12,600 for company's own occupancy

14. Cash received for profits on sales of bonds or stocks,

$44,783.85; real estate, $250; all other, $6,301.40

58,715 00 134,240 92
15,282 97 32,961 02 7,393 79 21,432 78 51,335 25

Total income

$ 2,631,994 91

III.--DISBURSEMENTS DURING THE YEAR 1903.

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

386,823 67 2,351 43 43,341 00

7. Total net amount actually paid for losses and matured endowments
8. Cash paid to annuitants 9. Premium notes, loans or liens used in pur-
chase of surrendered policies 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

432,516 10 6,931 96
1,895 67 1,271 31
46.013 68
80,713 96 96,141 78
Hj2i4 85
13,442 38

Total paid policy-holders

$

16. Cash paid stockholders for interest or dividends

690,141 69 35,000 00

COMPTROLLER-GENERAL'S REPORT.

291

17. Cash paid for commissions and bonuses to

agents (less commissions on reinsur-

ance) : New policies, $334,394.02;

newals, $83,956.81

$

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,
$561,993; on renewals, $10,386.52; fran-

chise, $600 22. Cash paid for taxes on real estate 23. Cash paid for insurance department fees
and agents' licenses, $3,931.04; munici-

pal licenses, $515.34 24. Cash paid for rent, including$9,000for com-

pany's own occupancy 25. Loss on sale or maturity of ledger assets.. 27. Cash paid for advertising, $4,323.31;
printing, $12,939.70; postage, $5,092.77;

total 28. Cash paid for real estate expenses other
than taxes, $6,662.15; for legal ex-

penses, $7,289.17; total 29. Cash paid for the following items, viz. :
Subscription and general expense Total miscellaneous expenses

Total disbursements of accident

418,350 83 41,025 62 39,111 50
70,156 85
16,606 45 4,789 06
4,446 38 13,401 61
1,161 00
22,355 78
13,951 32 12,960 16

30 Total disbursements

$

IVi--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances.$ 2. Loans on mortgages (first liens) on real estate 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
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, $197,986.89, less $33,819.90 rein-
surance reserves held for account of other companies.

9. Bills receivable 10. Agents' ledger balances
Furniture and fixtures

11. Total net or ledger assets

658,316 56 515,386 82 1,898,845 07
430,046 51 1,215,746 23
257,350 00
241,394 56 31,851 77
3,330,924 65 6,081 84
164,166 99 3,138 04 13,575 60 21,833 54
5,716,109 73

292

COMPTROLLER-GENERAL'S REPORT.

OTHER ASSETS.

14. Interest due, $2,115.25, and accrued, $14,-

062.86, on mortgages

$

15, Interest accrued on bonds and stocks

1G. Interest accrued on collateral loans

17. Interest due, $4,751.25, and accrued, $5,-

349.45 on premium notes, loans or liens. 18, Interest accrued on other assets 19. Rents accrued on company's property or

lease

16,178 11 50,873 42
1,226 30
10,100 70 2,107 06
1,519 62

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, 1903

$ 116,092 26 if

24. Gross deferred premiums on

policies in force December 31,1903

61,065 67

.Renewals. 128,411 14 102,890 10

82,005 21 123.450 35

Totals '25. Deducting loading, 20 per
cent, on "new" and 20 per cent, on " renewals "

177,157 93 35,431 58

231,30124 46,260 25

26. Net amount of uncollected

and deferred premiums. .. 27. Printed supplies

141,726 35

185,040 99

Separate non-ledger assets of accident department.

326,767 34 6,000 00
175,627 45

28. Total assets, as per the books of the company

6,429,960 OS

ITEMS NOT ADMITTED.

Furniture, fixtures and safes

$

Agents' balances

Kills receivable

Supplies, printed matter and stationery.

Total

21,833 54 13,575 60 3,138 04 6,000 00

44,547 18

9. Total admitted assets

$

V --LIABILITIES.

1. Net present value of all the outstanding policies in force on the 31st day of December, 1903, computed according to the actuaries' table of mortality, with four per cent, interest on policies dated prior to January 1, 1901, and on the American experience table of mortality with three and one-half per cent, interest on policies dated subsequent to January 1,1901$
Heduct net value of risks of this company reinsured in other solvent companies.. . Net reinsurance reserve

5,267,008 37
40,787 13 $

6,385.412 90 5,226,221 24

COMPTROLLER-GENERAL'S REPORT.

293

5. Claims for death losses and matured endowments in process of adjustment .. .$
6. Claims for death losses and other policy claims resisted by the company
.8. Present value of unpaid amounts on matured installment policies

33,065 18 7,995 00 9,934 00

Total policy claims 16. Amount of any other liability of the company, viz. Ac-
cident department liabilities

50,994 18 275,577 85

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

5,552,793 27 832,619 63

19. Total liabilities

$ 6,385,412 90

Business in Georgia during 1903.

No.
Number and amount of policies on the lives ot citizens

of Georgia in force December 31 of previous

year.

280

Number and amount of policies on the lives of citizens

of Georgia issued during the year

178

Total

458

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, 1903

355

No.

Amount of losses and claims on policies in Georgia

incurred during the year

2

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 $

465,250 00 259,900 00 725,150 00 143,537 00
581,613 00 Amount.
4,000 00
2,000 00
22,737 04

294

COMPTROLLER-GENERAL'S REPORT.

PENN MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA, PA.

HARRY F. WEST, President.

WILLIAM H. KINGSLEY, Sec'y and Treas.

Home Office, 921, 923 and 925 Chestnut Street, Philadelphia, Pa.

HENRY C. BAGLEY, Atlanta, Attorney for Service in Georgia.

i.--CAPITAL STOCK.

Amount of ledger assets (as per balance),

December 31, of previous year

$ 52,111,004 04

Decrease of capital during the year, being bond

premiums charged off and deductions

from real estate valuations

50,756 85

Extended at

$ 52,060,247 19

II.--IXCOME.

1. First year's premiums on original policies

without deduction for commissions or

other expenses, less $10,885.19 for first

year's reinsurance....

$ 1,734,95100

2. Surrender values applied to pay first year's

premiums

2,315 97

3. Total first year's premiums on original

policies

'.

4. Dividends applied to purchase paid-up addi-

tions and annuities

5. Surrender values applied to purchase paid-

up insurance and annuities

6. Consideration for original annuities involv-

ing life contingencies

7. Consideration for supplemeutary contracts

involving life contingencies

1,737,266 97 95,491 00 163,465 00 284,344 29 8,992 13

8. Total new premiums

$ 2,289,559 39

9. Renewal premiums without deduction for

commissions or other expenses, less $30,-

772.37 for reinsurance on renewals

$ 8,876,302 02

10. Dividends applied to pay renewal premiums. 650,253 55

11. Surrender values applied to pay renewal

premiums

31,849 75

12. Renewal premiums for deferred annuities .

702 18

13. Total renewal premiums

9,559,107 50

14.

Total premium income

11,848,666 89

15. Consideration for supplementary contracts not involving

life contingencies

201,167 00

17. Premium notes, loans orliens restored by revival of policies

831 34

COMPTROLLER-GENERAL'S REPORT.

295

18. Interest on mortgage loans

$

19. Interest on collateral loans

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. .

24. Rent from company's property

1,040,669 70 247,302 97 878,796 35
349,882 81 25,775 51 196,869 08

25. Total'interest and rents

% 2,739,296 42

26. Profit on sale or maturity of ledger assets

38,896 68

27. From other sources: Suspended bank balances $5.69; bonuses on mortgages, etc., $11,854.48

U'860 17

28. Total income

$14,840,718 50

III.--DISBURSEMENTS.

For death claims (less $5,000.00 reinsur-

ance), $2,744,822.00; additions,$23,602.00.$ 2,768,424 00

For mutual endowments, $788,918.00; addi-

tions, $21,943.00

810,861 00

Net amount paid for losses and matured en-

dowments

$ 3,579,285 00

For annuities involving life contingencies . 168,484 74

Premium notes, voided by lapse

46,645 86

Surrender values paid in cash

638,187 44

Surrender values applied to pay new pre-

miums, $2,315.97; to pay renewal premi-

ums, $31,849.75

34,165 72

Surrender values applied to purchase paid-

up insurance and annuities

163,465 00

Dividends paid to policy-holders in cash... 39,586 34

10. Dividends applied to pay renewal premiums 11. Dividends applied to purchase paid-up ad-
ditions and annuities

650,253 55 95,491 00

12. Total paid policy-holders,

/* 5,415,564 65

13. Paid for claims on supplementary contracts not involving

life contingencies

15. Commissions and bonuses to agents (less commission on reinsurance), first year's premiums, $919,470.39 ; renewal

premiums, $558,298.89; on annuities (original),

$13,768 12 ; (renewal), $29.50

l,491,o66 90

17.

Salaries and allowances agents andj cilerki s

for agencies, including managers,

Kinnta.
54,004 01

18. Agency supervision, traveling, and all other agency

^^ ^

expenses

,'' "

19

Medical examiners' fees, $117,131.16; inspection of risks,

$16,591.73

;;

20. Salaries and all other compensation of officers and home

office employees

^^ ^

296

COMPTROLLER-GENERAL'S REPORT.

21. Rent

$

22. Advertising,$48,207.36 ; printing and stationery, $26,423.51

postage, $28,279.61

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

46,470 29
102,710 48 18,378 84 5,654 11 319,468 37 31,914 50 123,184 57 61,628 58

30. Total disbursements

<
V

8,169,589 08

IV.--LEDGER ASSETS.

1. Book value of real estate, unincumbered 2. Mortgage loans on real estate, first liens

$ 3,078,240 71 22,727,551 43

3. Loans secured by pledge of bonds, stocks, or other col-

lateral

4,924,348 71

4. Loans made to policy-holders on this company's policies

assigned as collateral

5,096,912 00

5. Premium notes on policies in force, of which $5,628 00 is

for first year's premiums

1,163,815 88

6. Book value of bonds (excluding interest), $20,027,325.09 ;

stocks, $391,630.00

20,418,955 09

7. Deposited in trust companies and banks on interest, active

daily depositories

913,831 42

8. Cash in company's office, $7,057.39 ; deposited in banks (not

on interest), $70,388.08 9. Bills receivable, $217,919.77; agent's
Furniture Bills receivable for premiums

balances, $3,088.71

77,445 47 221,008 48
9,159 98 100,107 44

10. Total ledger assets

58,731,376 61

NON-LEDGER ASSETS.

11. Interest due, $4,216.82, and accrued, $373,-

986.79 on mortgages

$

12. Interest on bonds and stocks

13. Interest on collateral loans

15. Interest on other assets

16. Rents due, $3,663.46, and accrued, $4,715.63,

on company's property or lease

378,203 61 121,928 50 12,386 79
6,000 00
8,379 09

17. Total interest and rents due and accrued 19. Market value of bonds and stocks over book value 20. Due from other companies for losses or claims on policies
of this company reinsured

New business. Renewals.

21. Gross premiums due and unre-

ported on policies in force

December 31, 1903

$ 477,157 49 $ 671,175 81

526,897 99 201,347 46
20,000 00

COMPTROLLER-GENERAL'S REPORT.

297

22. Gross deferred premiums on

policies in force December

31, 1903

$ 154,147 15 $

743,286 33

23. Totals

$ 631,304 64 1 1,414,462 14

24. Deduct loading 20 per cent . . 126,260 93

282,892 43

25. Net amount of uncollected and deferred premiums ...$ 505,043 71$ 1,131,569 71$ 1,636,613 42

27. Gross assets

61,116,235 48

DEDUCT ASSETS NOT ADMITTED.

29. Supplies, furniture, fixtures and safes 5 30. Agent's debit balances 31. Cash advanced to or in the hands of officers
or agents (all to agents) 32. Bills receivable

9,159 98 3,088 71
217,919 77 100,107 44

35. Total

.$ 330,275 9

36. Total admitted assets

$ 60,785,959 58

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, as computed by the Penn-

sylvania Insurance Department on the

Actuaries' table of mortality, with 4 per

cent, interest and the 3 and Z% per cent.

American tables

$ 48,891,347 00

Same for reversionary additions

827,545 00

Same for annuities, including those in re-

duction of premiums

1,612,982 00

Total

% 51,331,874 00

Deduct net value of risks of this company

reinsured in other solvent companies.. . .

76,015 00

Net reserve

51,255,859 00

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed by

the company's actuary Trust deposits

940,890 00 14,372 00

5. Claims for death losses in process of ad-

justment or adjusted and not due

% 227,306 25

8. Claims for death losses and other policy

claims resisted by the company (settled

in full since date of this report)

90,000 00

10.

Total policy claims

$

12. Premiums paid in advance, including surrender values so

applied

317,306 25 33,822 66

af^-t*

298

COMPTROLLER-GENERAL'S REPORT.

13. Commissions due to agents on premium notes when paid $ 6,550 15

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums

12-1,422 39

20. Dividends apportioned, payable to policy-holders during

1904

.. 35,703 27

21. Dividends apportioned, payable to policy-holders subse-

quent to 1904: Accumulated surplus fund, $2,228,-

393.00; five year option, $573,723.83; life rate endow-

ment, $515,516.19; four per cent, bond, $248,419.95;

six per cent, bond, $84,626.02; guaranteed dividend, $87-

972.00

3,738,650 99

22. Other liabilities, special %% per cent, reserve

999,545 00

24. Unassigned funds (surplus)

3,318,837 87

25. Total liabilities

$60,785,959 58

Business in Georgia during 1903.

No.
Policies on the lives of citizens of said State in force

December 31, of previous year

7,985

Policies on the -lives of citizens of said State issued

during the year

3,403

Total Deduct ceased to be in force during the year

11,388 1,862

Policies in force December 31

9,526

No.
Losses and claims unpaid December 31, of previous

year

3

Losses and claims incurred during the year

60

Total

63

Losses and claims settled during the year

56

Losses and claims unpaid December 31

7

Premiums collected or secured in cash and notes or credits

without any deduction for losses, dividends, commis-

sions or other expenses

$

Amount.
15,632,692
6,295,914 21,928,606
3,178,983 18,749,623
Amount.
3,065 110,439 113,504 103,913
9,591
541,798 25

COMPTROLLER-GENERAL'S REPORT.

299

PHOENIX MUTUAL LIFE INSURANCE COMPANY OF HARTFORD, CONNECTICUT.

JONATHAN B. BUNCE, President.

WILLIAM A. MOORE, Secretary.

Home Office, 49 Pearl Street, Hartford, Conn.

CHARLES S. ARNALL, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of ledger assets (as per balance)

December 31, 1902

$ ^"^ 97

Extended at

$15,102,249 97

II.--INCOME.

1. First year's premiums on original policies

without deduction for commissions or

other expenses, less $5,404.64 for first

year's reinsurance

;*

2. Surrender values applied to pay first year's

premiums

426,153 58 l,;4b0 2o

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 involv-

ing life contingencies

421'blS bl &8'zl '' ^' 6' 4b '

8. Total new premiums 9. Renewal premiums without deduction for
commissions or other expenses, less $24,025.91 for reinsurance on renewals

..$ 2,195,415 9

566,501 56

10. Dividends applied to pay renewal premi- ^ ^ ^

urns

;

11. Surrender values applied to pay renewal

' ^^ ^

premiums

:

13. Total renewal premiums

14. Total premium income 18. Interest on mortgage loans



20 Interest on bonds and dividends on stocks

\ % 2,403,104 3S
$ 2,969,605 94 'VsVinfi S4 '. 191,840 39

21. Interest on premium notes, policy loans or

^ ^

22. Interest on other debts due the company..

8,263 31

a#P*^

300

COMPTROLLER-GENERAL'S REPORT.

23. Discount on claims paid in advance

$

24. Rent from company's property, including

$8,000 for company's own occupancy. ...

671 22 35,842 59

25. Total interest and rents 26. Profit on sale or maturity of ledger assets 27. From other sources: Guarantee of mortgage loans

s 786,73*; 11 25,710 28 823 70

28. Total income

$ 3,782,876 03

III.-- DISBURSEMENTS.

1. For death claims $1,037,881.17; additions

$5,612.00

S

2. For matured endowments, $132,732.50; ad-

ditions, $8,433.00.

1,043,493 17 141,165 50

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 $1,460.23; to pay renewal premi-

ums $4,859.07

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 ad-

ditions and annuities

1,184,658 67 10,047 79 2,611 48
169,940 93
6,319 30
77,527 00 4,322 00 202,829 32
58,214 00

12. Total paid policy holders.

$

13. Paid for claims on supplementary contracts not involving

life contingencies 15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums, $218,244.20; renew-

al premiums, $151,655.42; on annuities (original) $157.34.$ 16. Commuted renewal commissions
17. Salaries and allowances for agencies, including managers,,

agents and clerks 18. Agency supervision, traveling, and all other agency ex-
penses

19. Medical examiner's fees, $39,382.48; inspection of risks, $4,631.69

20. Salaries and all other compensation of officers and home

office employees

.*

21. Rent, including $8,000 for company's own occupancy

22. Advertising, $11,706.63; printing and stationery, $26,213.16;

postage, $13,197.78 23. Legal expenses 24. Furniture, fixtures and safes

1,716,470 40 5,510 (>7
370,056 96 6,100 00
47,583 14
19,482 77 44,014 17
92,2C8 96 29,822 86
51,117 57 6,429 34 1,777 69

COMPTROLLER-GENERAL'S REPORT.

301

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 (including sums

charged off from cost of real estate)

29. All other disbursements: Exchange $124.92; miscella-

neous expenses, .$12,111.01; agents ledger balances

charged off 754.85

'

78,059 50 11,543 53 11,126 33 11,516 05
12.990 78

30. Total disbursements

$ 2,515,810 81

IV. LEDGER ASSETS.

1. Book-value of real estate, unincumbered'. . .

$ 723,167 31

2. Mortgage loans on real estate, first liens

9,968,748 15

4. Loans made to policy-holders on this company's policies

assigned as collateral

863,930 00

5. Premium notes on policies in force

231,518 70

6. Book value of bonds (excluding interest) $3,777,598.66;

stocks, $348,431.00. .'.

4,126,029 66

7. Deposited in trust companies and banks on interest:

American National Bank of Hartford, $385,632.47; The

Fidelity Company of Hartford, $10,000 ; Metropolitan

Trust Company of New York, 360,004.87

455,637 34

8. Cash in company's office

284 03

10. Total ledger assets

16,369,315 19

. OX-LEDGER ASSETS.

11. Interestdue, $9,327.30, and accrued, $188,419 on mortgages
14. Interest due, on premium notes, policy loans or liens

197,746 30 3,472 55

17. Total interest and rents due and accrued 19. Market value of bonds and stocks over book value

$ 201,218 85 ' 151,041 94

New Business. 21. Gross premiums due and un-

reported on policies in force

December 31, 1903

$ 59,821 45 $

22. Gross preferred premiums on

policies in force December

31, 1903

29,384 27

Renewals.
108,886 13 163,890 59

23. Totals

$ 9,205 72 $ 272,776 72

24. Deduct loading 20 per cent.. 17,841 14

54,555 35

25. Net amount of uncollected and deferred premiums.. .i
27. Gross assets.

71,364 58 $ 218,221 37 289,585 95 $ 17,0:1,161 9:1

302

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31 st day of Decem-

ber, 1903, as computed by the company,

on the actuaries table of mortality, with

four per cent, interest on all policies is-

sued prior to January 1, 1901; and on pol-

icies issued subsequent to January 1,1901,

on the American table of mortality, with

Z% per cent, interest on non-participating

policies and with 3 per cent, interest on

participating policies

% 15,595,705 00

Same for re visionary additions

415,262 00

Same for annuities (including those in re-

duction of premiums)

90,411 00

Total

$ 16,101,438 00

Deduct net value of risks of this company

reinsured in other solvent companies .. 84,937 00

Net reserve

$ 16,016,501 00

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed by

the company with 3)-2 per cent, interest

25,139 00

5. Claims for death losses in process of adjust-

ment or adjusted and not due

37,909 00

6. Claims for death losses which have been re-

ported and no proofs received

17,208 48

10. Total policy claims 12. Premiums paid in advance, including surrender values so
applied 20. Dividends proportioned, payable to policy-holders during
1904 22. Special policy reserve 24. Unassigned funds (surplus)

55,117 48
16,226 00
13,162 00169,312 00 715,704 45

25. Total liabilities

$ 17,011,161 93

/liisiness in Georgia during 1903.

No.

Amount.

Policies on the lives of citizens of said State in force

December 31, 1902

837 * 1,714,951 00-

Policies on the lives of citizens of said State issued,

increased and revived during the year

280

497,857 00

Total

1,117 $ 2,212,808 00

Deduct ceased to be in force and decreased during

the year

188

362,196 04

Policies in force December 31,1903

929 $ 1,850,612 00

COMPTROLLER-GENERAL'S REPORT.

303

Losses and claims unpaid December 31, 1902 Losses and claims incurred during the year

No.

Amount.

1

3,000 00

7

16,528 00

Total

8 $ 19,528 00

Losses and claims settled daring the year, in cash

8

19,528 00

Premiums collected or secured in cash and notes or credits, without any deduction for losses, divdends, commissions, or other expenses

$ 61,041 85

PROVIDENT SAVINGS LIFE ASSUR VNCE SOCIETY OF NEW YORK.

EDWARD W. SCOTT, President.

WILLIAM E. STEVENS, Secretary.

Principal Office, 346 Broadway, New York City, N. Y.

J. R. NUTTING, 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

5,548,331 66 $ 5,548,331 66

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new policies, without deductions for commissions or

other expenses

$ 761,415 07

1 J. Cash received for renewal premiums, without

deductions for commissions or other ex-

penses

2,605,499 18

2. Premium notes, loans, or liens taken in part

payment for premiums on new policies.. .

7,832 97 -

1\. Premium notes, loans, or liens taken in part payment for renewal premiums

98,871 28

3. From dividends applied to pay running pre-

miums 4J. From surrender values applied to purchase
paid-up insurance and annuities 5. Consideration for annuities, other than ma-
tured installment policies

117,096 29 37,144 80 27,174 00

Total

$ 3,655,033 59

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business, $1,650.04;

renewals, $7,162.69

8,812 73

7. Total premium income

$ 3,646,220 86

304

COMPTROLLER-GENERAL'S REPORT.

8. Cash received for interest on mortgage loans

$

9. Cash received for interest on bonds owned, and dividends on stock

10. Cash received for interest on premium notes, loans or liens

11. Cash received for interest on other debts due the company

13. Cash received for rents for use of company's property,

including company's own occupancy

14. Cash received for profits on sales of bonds or stocks,

$21,637.99; real estate, $42,000.00

17. Premium notes, loans, or liens restored by revival of poli-

cies

19. From all other sources,viz.: Deposits by tenants as security

for rent

'

".

Consideration for supplementary contracts not involving

life contingencies

28,361 63
28,964 06 109,565 88
26,792 49
214,655 52
63,637 99
1,884 78
25 00 84.973 70

Total income

$ 4,205,081 91

HI.--DISBURSEMENTS DURING YEAR 1993.

1. Cash paid for death claims, including revis-

ionary additions

$ 1,370,963 77

2. Premium notes, loans, or liens used in pay-

ment of the same

6,93S 63

3. Cash paid for matured endowments, and ad-

ditions thereto

4 0Q0 00

5. Cash paid for sums falling, due during the

year on installment policies.

1,250 00

Total

$ 3,383,152 40

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

9. Premium notes, loans, or liens used in pur-

chase of surrendered policies, $34,812.S3; voided by lapse, $7,183.06 10. Cash dividends paid policy-holders 11. Cash dividends applied to pay running pre-

miums 13. Surrender values paid in cash

15. Surrender values applied to purchase paid-

up insurance and annuities

1,373,152 40 io 327 68
41,995 89 21,610 04
117,096 29 igg 012 98
37,144 SO

Total paid policy holders

16. Cash paid stockholders for interest or divi-

dends

{

$ ijyg 340 0s
8972 0[)

COMPTROLLER-GENERAL'S REPORT.

305

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $386,747.84; renewals,

$134,673.22; annuities, $1,097.71

$

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$62,194.38; inspection of risks, $17,413.51

20. Cash paid for salaries and all other compen-

ation of officers and other home office em-

ployees

:

21. Cash paid for taxes on new premiums,

$12,216.15; on renewals, $43,010.54

22. Cash paid for taxes on reserves, $734.89;

on real estate $28,861.36

23. Cash paid for insurance department fees and

agents' licenses, $6,612.37; municipal li-

censes, $3,959.47

24. Cash paid for rent, including company's oc-

cupancy, less $44S.67 received under sub-

lease

25. Cash paid for commuting commissions

26. Cash paid for furniture, fixtures and safes for

home and agency offices

27. Cash paid for advertising, $26,687.05; print-

ing, $27,768.12; postage, $23,240.95

28. Cash paid for real estate expenses, other

than taxes, $132,413.60; for legal expenses,

$25,087.72

29. Cash paid for the following items, viz.: Ex-

change, $4,787.16; expense, $21,992.44;

agency supervision, traveling expenses,

and all other agency expenses, 132,829.64;

deposits as security for rent, returned to

tenants, $424.99

Total miscellaneous expenses

30. Total disbursements

522,518 77 89,238 20 79,607 89
250,268 85 55,226 69 29,596 25
10,571 84
64,280 04 72,782 27 11,033 58 77,696 12
157,501 32
160,034 23 * 1,587,328 05 $ 3,353,668 13

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Book value of real estate, exclusive of all incumbrances. .$

2. Loans on mortgage (first liens) on real esta.te

3. Loans secured by pledge of bonds, stocks or other market-

able collaterals

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, of which

$108,589.03 was received during the year

2,026,380 18 583,125 44
8'500 00 2,088,932 37
220,281 32

20 ia

3tfit<

306

COMPTROLLER-GENERAL'S REPORT.

6. 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. Bills receivable

10. Agents' ledger balances

Loans to agents at interest within the value of their con-

tracts and secured by surety bonds

752,572 17 28,500 40 405,457 05
663 28 235,333 23
50,000 00

11. Total net or ledger assets

6,399,745 44

OTHER ASSETS.

14. Interest due, $2,301.80, and accrued,$4,899.40,

on mortgages

$

15. Interest on bonds and stocks

16. Interest on collateral loans

17. Interest due, $1,812.00; and accrued,

$51,285.13 on premium notes, loans or

liens

18. Interest on other assets

19. Rents on company's property or lease

7,201 20 9,776 62
87 80
53,097 13 4,041 00 7,060 04

Total carried out

$

20. Market value of real estate over book valuy

21. Market value of b mds and stocks over book value 22. Due from other companies for losses or claims on policies

of this company reinsured

23. Gross premiums due and un-

New Business

Renewals

reported on policies in force

December 31,1903

$ 183,817 00 $ 226,830 00

24. Gross deferred premiums on

policies in force December

31, 1903

46,489 00 225,166 00

Totals 25. Deducting loading, 20 per
cent, on "new," and 20 per
cent on "renewals"

230,306 00 46,061 00

451,996 00 90,399 00

20 . Net amount uncollected and

deferred premiums

184,245 00

361,597 00

81,263 79 173,619 82 43,524 72 37,143 00
545,842 00

28. Total assets as per the books of the company

7,281,138 77

5. Agents' balances 7. Bills receivable
Total
9. Total admitted assets

ITEMS NOT ADMITTED.
$

235,333 23 663 28
235,996 51
$ 7,045,142 26

OOMPTROLLEK-GENERAL'S REPORT.

307

V.--LIABILITIES.

1. Net present value of all outstanding policies

in force on the 31st day of December, 1903,

computed by the Insurance Department,

State of New York,according to the Ameri-

can and the actuaries' table of mortality, with four per cent, interest and a% per

cent, interest

$

Deduct net value of risks of this company reinsured in other solvent com-

panies

6,018,914 00 7,491 00

Net re-insurance reserve

2. Premium notes or loans on policies and

other obligations in excess of the net value

of their policies

$

5. Claims for death losses and matured endow-

ments in process of adjustment or adjust-

ed and not due

6. Claims for death losses and other policy

claims resisted by the company

8. Present value of unpaid amounts on ma-

tured installment policies (face, $132,000)

$ 6,011,423 00
32,917 00
97,816 00 54,072 00 84,473 70

Total policy claims 10. Amount of all unpaid dividends of surplus, or other de-
scription of profits due policy-holders 16. Surrender values not yet demanded, trust funds and ac-
crued interest

269,278 70 2,456 23 28,898 80

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

6,312,056 73 733,085 53

19. Total liabilities

$ 7,045,142 26

Business in Georgia during 1903.
Policies on the lives of citizens of Georgia in force December 31 of previous year
Policies on the lives of citizens of Georgia issued during the year

No.

Amount.

1609 f 3,751,743 00

580 564,417 00

Total Deduct ceased to be in force during the year

2189 $ 4,316,160 0O 372 615,995 00

Total number and amount of policies in force December 31,1903
Losses and claims unpaid December 31 of previous year Losses and claims incurred during the year

1817 $ 3,700,165 00

No.

Amount.

2 $ 12,000 00 17 62,000 00

Total

19$

Losses and claims settled during the year

16

Premiums collected or secured in cash and notes or credits,

without any deduction for losses, dividends, commis-

sions or other expenses: cash, $110,624.92; notes or

credits, $9,374.08 .

$

74,000 00 59,000 00 119,999 00

308

COMPTROLLER-GENERAL'S REPORT.

PRUDENTIAL INSURANCE COMPANY OF AMERICA.

JOHN F. DRYDBN, President.

EDWARD GRAY, Secretary.

Home Office, 761-769 Broad Street, Newark, N. J.

EUGENE R. BLACK, 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 31st, of previous year

$ 56,592,495 58

Extendedat

$56,592,495 58

II.--INCOME.

1. First year's premiums on original policies without deduction for commissions or

other expenses, less $50,719.83 for first

year's reinsurance

$

2. Surrender values applied to pay first year's

premiums

',058,15191 4,867 93

3. Total first year's premiums on original

policies

*

4. Dividends applied to purchase paid-up addi-

tions and annuities

7,063,022 84 27,990 53

5. Surrender values applied to purchase paid-

up insurance and annuities

648,000 44

6. Consideration for original annuities involv-

ing life contingencies

126,05513

7. Consideration for supplementary contracts involving life contingencies

4,383 68

Total new premiums Renewal premiums without deduction for

$ 7,869,452 62

commissions or other expenses, less S85,-

550,17 for reinsurance on renewals. . ..$ 28,090,812 02

10. Dividends applied to pay renewal premiums

63,595 34

11. Surrender values applied to pay renewal premiums

2,838 89

12. Renewal premiums for deferred annuities

2,203 33

13. Total renewal premiums

28,158,94'.i 58

14. Total premium income

36,028,402 20

15. Consideration for supplementary contracts not involving life contingencies

45,634 00

17. l'remiumnotes, loans or liens restored by revival of policies

20,119 01

18. Interest on mortgage loans 19. Interest on collateral loans

* 167,278 61

COMPTROLLER-GENERAL'S REPORT

309

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

1,141,893 59 83,714 17 170,453 17

24. Rent from company's property, including $398,421.40 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
28. Total income

773,357 36 $

2,861,918 82 69,029 22 25 00

$ 39,025,128 25

III.--DISBURSEMENTS.

For death claims (less 1344,000.00 reinsurance), $9,753,123.53; additions, $59,334.72.$ 9,812,458 25

For matured endowments, $30,012.00; addi-
tions, $223.00 Net amount paid for losses and matured

30,235 00

endowments

9,842,693 25

For annuities involving life contingencies. .

39,036,69

Surrender values paid in cash

227,482 63

Surrender values applied to pay new pre-

miums, $4,867.93; to pay renewal pre-
miums, $2,338.89 Surrender values applied to purchase paid-
up insurance and annuities
9. Dividends paid to policyholders in cash- ... 10. Dividends applied to pay renewal premiums 11. Dividends applied to purchase paid-up ad-
ditions and annuities

7,206 82
648,000 44 688,893 77
63,595 34
27,990 53

12. Total paid policyholders.

.$ 11,544,899 47

13. Paid for claims on supplementary contracts not involving life contingencies

22,368 24

14. Paid stockholders for interest or dividends

200,000 00

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums, $3,677,042.43; re-

newal premiums, $3,455,121.55; on annuities (original),

$6,254.45; (renewal), $74.97

16. Commuting renewal commissions 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, $571,227.50; inspection of risks,

$12,791.71

,-''

20, Salaries and all other compensation of officers and home

office employees

21, Rent, including $398,421.40 for company's own occupancy, less $553.50 received under sublease

7,138,493 40 115,530 68
2,786,765 85 245,726 02 584,019 21
1,232,079 95 642,990 42

310

COMPTROLLER-GENERAL'S REPORT.

22. Advertising, 167,878.85; printing and stationery, $317,938.02; postage, exchange and express, $103,313.63
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 libraries, $1,682.50; ap-
praising fees, $206.50; sundry general expenses, $168,552.30; depreciation market value of real estate, $27,494.20

589,130 50 35,484 41 155,539 31 600,990 98 161,555 42
362,381 72 33,233 15
197,935 50

30. Total disbursements

$ 26,649,124 23

IV.--LEDGER ASSETS,

1. Book value of real estate, unincumbered, $11,813,007.94;

incumbered, $300,222.17

$ 12,113,230 11

2. Mortgage loans on real estate, first liens

13,138,291 49

3. Loans secured by pledge of bonds, stocks or other col-

lateral

5,761,775 00

4. Loans made to policy-holders on this company's policies

assigned as collateral

1,327,895 79

5. Premium notes on policies in force

286,429 29

6. Book value of bonds (excluding interest), $25,873,111.52;

stocks, $2,855,240.00

28,728,351 *52

7. Deposited in trust companies and banks on interest

6,801,788 51

8. Cash in company's office, $133,535.26; deposited in banks

(not on interest). $674,824.45

808,359 71

9. Bills receivable

2,378 18

10. Total ledger assets

68,968,499 60

NON-LEDGER ASSETS.

11. Interest due, $26,920.27, and accrued, $232,-

544.90, on mortgages

S

12. Interest due, and accrued, on bonds and

stocks

13. Interest due,and accrued, on collateral loans

14. Interest due, $65.15, and accrued, $1,997.61,

on premium notes, policy loans or 1 ens

16. Rentsdue, $5,075.17, and accrued, $12,774.72,

on company's property or lease

259,465 17 190,478 34
18,737 29 2,062 76 17,849 89

17. Total interest and rents due and accrued 19. Market value of bonds and stocks, over book value

21. Cross premiums due

New Business,

and unreported on

policies in force De- { Ind. $ 2,392 16 $ cember 31 1903.. . / Ord. 76, 054 89

Renewals.
339,101 29 542,792 84

Ivy593 45 672.183 98

COMPTROLLER-GENERAL'S REPORT.

311

22. Gross deferred pre-

miums on policies in

force December 31,

1903

Ord.$

,,,, m * i 23. Totals

/ Industrial | Ordinary

492,295 41 2,392 16
568,350 30

1,572,090 66 339,101 29
2,114,883 50

2o4,. TD% eAducnt loaAd-ing |UQnrd_.520Q%^

H31,,617906 0086

416292;,957560 6740

25. Net amount of uncol-

lected and deferred ( Ind.$ 1,196 08 $ ^.^O 65 ) $ 2 gl7 333 77

premiums

i Ord. 454,680 24 1,691,906 80 $ *

26. All other assets: Furniture, fixtures and safes, $364,-

001.26: stationery and printed matter, $107,423.21; law

libraries, $7,036.58

478,461 05

27. Gross assets

$72,925,07185

DEDUCT ASSETS NOT ADMITTED.

29. Supplies, stationery, printed matter, $107,423.21; furniture, fixtures and safes, $364,001.26 ; law libraries, $7,036.58 $
32. Bills receivable 34. Book value of ledger assets over market
value, viz.: Real estate

478,461 05 2>378 18
49,472 82

35. Total 36. Total admitted assets

LJ30!312J5 $ 72,394,659 80

V.--LIABILITIES.

1. Net present value of all outstanding policies

in force on the 31 st day of December, 1903,

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 Ameri-

can experience table of mortality, with

three per cent, interest on policies issued

subsequent to December 31, 1900 Same for reversionary additions

$ 57,259,961 00 93,262 00

Same for annuities (including those in re-

duction of premiums) according to the

actuaries' table of mortality, with four

per cent, interest on annuities issued

prior to January 1, 1901, and the Ameri-

can experience table of mortality, with

three and one-half per cent, interest on

annuities issued subsequent to December

3l 1900
Special reserve

488,494 00



_ 3,489,004 00

Total

$61,330,721 00

312

COMPTROLLER-GENERAL'S REPORT.

Deduct net value of risks of this companyreinsured in other solvent companies.. .$ 200,107 00

Net reserve

$ 61,130,614 00

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 one-half per cent.; on all other policies,

three per cent

116,006 05

5. Claims for death losses in process of adjust-

ment or adjusted and not due

$ 278,863 69

6. Claims for death losses which have been re-

ported and no proofs received

115,890 55

7. Claims for matured endowments due and

unpaid

2,078 00

8. Claims for death losses and other policy

claims resisted by the company

52,796 93

9. Due and unpaid on annuity claims, involv-

ing life contingencies

50 00

10. Total policy claims

$ 449,679 17

11. Due and unpaid on supplementary contracts not involving

life contingencies

200 00

12. Premiums paid in advance, including surrender values so

applied.

285,116 84

15. Salaries, rents, office expenses, taxes, bills, accounts,

bonuses, commissions, medical and legal fees, due or

accrued

134,751 64

19. Dividends or other profits due policy-holders, including

those contingent on payment of outstanding and de-

ferred premiums

44,386 41

20. Dividends apportioned payable to policy-holders during

1904

S57 93

22. Other liabilities: Unearned interest on policy loans, $38,-

805.17; Interest accrued on mortgage on company's

property located at 165 Market street, Newark, N. J.,

$666.67 ; rents paid in advance, $27775

' 39,749 59

23. Capital stock

2,000,000 00

24. Unassigned funds (surplus)

8,193,398 17

25. Total liabilities

S 72,394,750 SO

Business in State of Georgia during 1903.

Ordinary Policies.

No.

Amount.

Policies on the lives of citizens of said State in

force December 31st of previous year

2156 $ 5,144,853 00

Policies on the lives of citizens of said State issued

during the year

1199 2.213,516 00

Total

:

Deduct ceased to be in force during the year

3655 7,358,369 00 373 716,060 00

Policies in force December 31st

3282 6,642,309 00

COMPTROLLER-GENERAL'S REPORT.

313

Losses and claims unpaid December 31st of previous

year

,

Losses and claims incurred during the year

No,
^ 19

Total

20

Losses and claims settled during the year, in cash ... 19

Losses and claims unpaid December 31st

1

Premiums collected or secured in cash and notes or credits,

without any deduction for losses, dividends, commis-

sions or other expenses

$

Amount.
4'000 00 124,342 69 128,342 69 125,342 69
3,000 00
227,029 54

RELIANCE LIFE INSURANCE COMPANY OF PITTSBURGH, PA.

JAMES H. REED, President.

L. C. ROBENS, Secretary.

Principal Office, Farmers' Bank Building, Fifth Avenue, Pittsburgh, Pa.

I.--CAPITAL STOCK.

i Amount of capital stock paid up in cash. . .3 1,000,000 00

Extended at

S 1,000,000 00

II.--INCOME DURING YEAR.

1. Cash received for premiums on new policies, without deductions for commissions or

other expenses

$

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company, new business

130,446 49 2,39/0/

7. Tr,,otal, premium income

J *

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-

19. Fromall other sources, viz.: Subscribed surplus, $1,000,-

000.00; premiumsin trust, $35.74

mTo,tal,.incomea



$

128,049 42 ^
bib oO
iO,oUO ( I
l.OOO.Wo 74 1,167,579 45

HI--DISBURSEMENTS DURING YEAR.

17. Cash paid for commissions and bonuses to agents (less

commission on reinsurance), new policies

*

18. Cash paid for salaries and allowances to managers and

agents

." ;

19. Cash paid for medical examiners' fees, $4,423.o0; inspec-

tion of risks, $1,920.15

iJ>->^ ^_ ^
6'343 (,J

314

COMPTROLLER-GENERAL'S REPORT.

20. Cash paid for salaries and all other compensation of offi-

cers and other home office employees

$

23. Cash paid for insurance department fees and agents' li-

censes

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes for home and

ag -ney offices

27. Cash paid for advertising, $13,574.42 ; printing, $3,942.41;

postage, $1,744.73

28. Cash paid for legal expenses

29. Cash paid for the following items, viz.: Insurance books,

etc., $176.27; general expenses, $4,598.25

Cash paid for agency supervision, traveling and all other

agency expenses

30. Total disbursements.

$

36,897 93
3,696 11 8,718 24
8,136 58
19,26156 540 00
4,774 52
2,737 34 113,844 48

-ASSETS AS PER LEDGER ACCOUNTS.

4. Loans made in cash to policy-holders on this company's policies assigned as collateral^
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 9. Accounts receivable 10. Agents' ledger balances

22,689 00
962,673 90 5,559 06
1,014,543 72 1,698 28
46,571 01

13. Total net or ledger assets

$ 2,053,734 97

OTHER ASSETS.

15. Interest due and accrued on bonds and

stocks.

$

IS. Interest due and accrued on deposits in

bank

Total carried out

23. Gross premiums due and unreported on

policies in force December 31, 1903

$

24. Gross deferred premiums on policies in

force December 31,1903

Total lo. Deducting loading, 25 per cent, on "new"
26. Net amount of uncollected and deferred premiums
27. Furniture, fixtures and safes

28. Total assets, as per the books of the company

7,552 45 498 56
1,767 76 5,144 57 6,912 33 1,728 08

8,051 01

5,184 25

8,136 58

$ 2,075,106 81

COMPTROLLER-GENERAL'S REPORT.

315

ITEMS NOT ADMITTED.

2. Furniture, fixtures and safes '

$

5. Agents' balances

,

7. Accounts receivable

Total

9. Total admitted assets

8.136 58 46,571 01 1,698 28
56,405 87
* 2,018,700 94

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of

December, 1903, computed according to

the actuaries' table of mortality, Penn.

Ins. Dept., and on the American experi-

ence, with 3 per cent, interest

$

Deduct net value of risks of this company

reinsured in other solvent companies. ...

108,184 00 1,118 00

Net reinsurance reserve

$

16. Amount of any other liability of the company, viz.: Pre-

miums paid in advance

Cost of collection on uncollected and deferred premiums,

in excess of the loading thereon

.

107,036 00 338 11 469 75

17. Liabilities on policy-holders' account Capital stock Unassigned fund surplus

$ 107,874 46 1,000,000 00 910,826 48

19. Total liabilities

2,018,700 94

ROYAL UNION MUTUAL LIFE INSURANCE COMPANY OF IOWA.

FRANK D. JACKSON, President.

SIDNEY A. FOSTER, Secretary.

Principal Office, Sixth and Locust Streets, DesMoines, la.

JAMES G. WEST, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December 31

of previous year

$

Extended at

818,442 27 ...... $

rL--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

I

l. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

99,81o 22 254,583 13

818,442 27

316

COMPTROLLER-GENERAL'S REPORT

Premium notes, loans or liens taken in

part payment for premiums on new pol-

icies

$

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

4J. From surrender values applied to purchase paid-up insurance and annuities

17,983 34 70,714 63
3,637 02 77 15
2,690 43

Total Deduct amount of premiums paid to other
companies for reinsurance on policies in this company: New business, $859.34; renewals, $6,926.14

449,500 92 7,785 48

7. Total premium income

S

8. Cash received for interest on mortgage loans

9. Cash received for interest on collateral loans

10. Cash received for interest on premium notes, loans or

liens

11. Cash received for interest on other debts due the com-

pany, deferred premiums

17. Premium notes, loans or liens restored by revival of pol-

icies

Total income

$

III.-- DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$

2. Premium notes, loans or liens used in pay-

ment of the same

5. 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 pur-

chase of surrendered policies, $1,014.98;

voided by lapse, $17,402.97

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running pre-

miums

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

67,072 16 773 35
1,500 00 69,345 51
18,417 95 1,866 26 3,637 02 77 15 8,898 65 2,690 43

Total paid policy-holders.

441,715 44 35,983 03 100 00 15,706 01 2,213 17 636 73
496,354 38
i04,932 97

COMPTROLLER-GENERAL'S REPORT

317

16. Cash paid for interest or dividends to guar-

antee fund holders

$

7,000 00

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $87,644.97; renewals, $20,-
182.19 18 Cash paid for salaries and allowances to
managers and agents

107,827 16 18,490 31

19 Cash paid for medical examiners' fees $7,108.00; inspection of risks, $1,083.13

8,191 13

20 Cash paid for salaries and all other compensation of officers and other home office
employees 21 Cash paid for taxes on new premiums,
$2,032.47 ; on renewals, 15,187.66
22. Cash paid for taxes on personal property. .

26,060 03
7,220 13 382 67

23 Cash paid for insurance department fees and

agents' licenses, $1,431.95; municipal

licenses, $147.50

24. Cash paid for rent

-

26. Cash paid for furniture, fixtures and sates

for home and agency offices

1,579 45 2,476 50
729 25

27. Cash paid for advertising, $1,485.70; printing, $3,401.85; total
28. Cash paid for legal expenses 29. Cash paid for the following items, viz.:
attorney services, $420.00 ; collection ex-

4,887 55 4,626 58

penses, i'561.22 ; express, $183.96 ; loan ex-
pen-es, $714.35; office expenses, $837.10; postage, $1,:203.77 ; subscription to Insurance Journal, $146.90; telegraphing,

$106 24; telephone, $89.25: Union Life reinsurance contract, $4,601.15 ; total..... __ 8,863 84

Total miscellaneous expenses

:

$_

30. Total disbursements

*

IV.-A8SET8 AS PER LEDGER ACCOUNTS.

198,334 60 303,267 57
672,524 00

1,375 00

150,806 78

which $17,983.34 was received during the year

7. Cash in company's office

'

8 Cash deposited in banks

9. 10.

^aggdeeunnrti"sn'glicetuhdfejSoy^elaar,nucnessec, uorfedw,h$ia5h,5W 81./.b_i,s aepcinuuwrreeauds abdy,vbaonncdesd,

$11,269.86 11. Total net or ledger assets

167,540 81 1,070 47 1,036 74 323 66
16,851 62 "l,011,529 08

818

COMPTROLLER-GENERAL'S REPORT.

OTHER ASSETS.

14. Interest due, $63.25, and accrued, $13,690.99,

on mortgages

$

16. Interest due and accrued on collateral loans

17. Interest due and accrued on premium notes

18. Interest due, $837.11, accrued, $3,366.25, on

policy loans

13,754 24 51 06
8,709 93
4,203 36

Total carried out.

New Business. 28. Gross premiums due and unre-

ported on policies in force

December 31, 1903

$ 21,252 34

24. Gross deferred premiums on

policies in force December 31,

1903

829 11

Renewals. $ 16,20103
15,980 58

26,718 59

Totals 25. Deducting loading, 20 per cent.
on "new" and 20 per cent, on " renewals"

22,081 45 4,416 29

32,181 61 6,436 32

26. Net amount of uncollected and

deferred premiums

17,665 16

25,745 29 $

27. Furniture, fixtures and safes, $4,374.41; commuted com-

missions, $5,621.55

43,410 45 9,995 96

28. Total assets, as per the books of the company

1,091,654 08

ITEMS NOT ADMITTED.

2. Furniture, fixtures and safes

$

3. Commuted commissions

5. Agents' balances, unsecured

Total

9. Total admitted assets

4,374 41 5,621 55 5,581 76
15,577 72
.$ 1,076,076 36

V. --LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, 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

$

914,553 00 2,535 00 $
19,314 32

912,018 00

COMPTROLLER-GENERAL'S REPORT

319

5. Claims for death losses and matured endow-

ments in process of adjustment or ad-

justed and not due

$

6. Claims for death losses and other policy

claims resisted by the company

7. Amounts due and unpaid on annuity claims

8. Present value of unpaid amounts on matured installment policies (face, $18,500.00

13,000 00
5,000 00 500 00
13 479 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 ex-

penses 16. Amount of any other liability of the company

51,293 32
1,188 93
M32 36 952 53

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

966,485 14 109,591 22

19. Total liabilities

* 1,076,076 36

Business in Georgia during 1903.

No.

Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year 295 $

Number and amount of policies on the lives of citizens

of Georgia issued during the year

JW

Total

329

Deduct number and amount which have ceased to be in

force during the year

_TM

Total number and amount of policies in force

in Georgia December 31, 1904

256

No.

Amount of losses and claims on policies in Georgia un-

paid December 31 of previous year

.... 1

Amount of losses and claims on policies in Georgia in-

curred during the year

Total

; 3

Amount of losses and claims on policies in Georgia paid

d, uri.ng t.h, e 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, $13,479.20; notes or credit, $1,667.98; total...$

Amount.
498,265 00 74,500 00 572,765 00 U^SOOM
425,265 00 Amount.
2,000 00 ; 7'0000
7,ouu uu
^,w is

320

COMPTROLLER-GENERAL'S REPORT.

SECURITY MUTUAL LIFE INSURANCE COMPANY OP BINGHAMTON, NEW YORK.

CHAS. M. TURNER, President.

CHAS. A. LADUE, Registrar .

Principal Office, Phelps Building, Binghamton, N. Y,

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$ 1,337,198 08

Extended at

'. . $ 1,337,198 08

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new policies,

without deductions for commissions or

other expenses

$

lj. Cash received for renewal premiums,with-

out deductions for commissions or other

expenses

3. From dividends applied to pay running

premiums

1. From surrender values applied to pay run-

ning premiums

5. Consideration for annuities, other than

matured installment policies

310,960 20
863,516 51 1,585 00 346 57 2,400 00

7. Total premium income

-.$ 1,211,808 34

8. Cash received for interest on mortgage loans

16,471 61

9. Cash received for iutere-t on bonds owned, and divi-

dends on stock

17,574 26

10. Cash received for interest on premium notes, loans or

liens

9,625 10

11. Cash received for interest on other debts due the com-

pany

3,973 6S

13. Cash received for rents for use of company's property. .

4,975 22

17. Premium notes, loans, or liens restored by revival of

policies

79 12

19. From all other sources, viz.: Registration, $1,944.44 ; ex-

change, $8,133.00 ; policy exchange, $543,458.30 ; con-

sideration for supplementary contracts not involving

life contingencies, $13,435.25

566,970 99

Total iucome

$ 1,831,478 32

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$

9. Premium notes, loans, or liens used in

purchase of surrendered policies ....

384,56:5 96 2,091 62

COMPTROLLER-GENERAL'S REPORT.

321

11 Cash dividends applied to pay running pre-

miums

$

13. Surrender values paid in ca3h

14. Surrender values applied to pay running

premiums

Total paid policy-holders

16. Cash paid for claims on supplementary contracts not involving life contingencies . .

17. Cash paid for commissions and bonuses to

agents (less commission on reinsurance),

new policies, $263,463.06; renewals, $51,-

578.34 ; on annuities, $170.00

18. Cash paid for salaries and allowances to

managers and agents

19 Cash paid for medical examiners' fees, $42,493.00; inspection of risks, $9,678.26 . .

20. Cash paid for salaries and all other compensation of officers and other home

office employees

21. Cash paid for traveling 22. Cash paid for taxes on investments . . .
23. Cash paid for taxes, insurance department fees, agents' and municipal licenses . .

24. Cash paid for rent



25. Loss or sale of ledger assets

26. Cash paid for furniture, fixtures and safes

for home and agency 6fflces

27 Cash paid for advertising, $6,355.02 ; printing, $7,261.58; postage, $5,824.20 ....

28. Cash paid for real estate expenses, other than taxes, $1,631.70 ; legal expenses, $2,-

288.03

29. Cash paid for the following items, viz.: General office expenses, $12,644.61; ex-

change, $6,030.89 ; collections, $22,703.83 ;

investigation, $4,237.94; accrued interest

paid, $1,396.78; agents' balance account

charged oft, $14,399.02; account Mer-

chants' Bank, $80.77

Total miscellaneous expenses

30. Total disbursements

4,585 00 22,171 80
346 57 $ 413,758 95
1,125 00
315,211 40 84,031 41 52,171 26
57,768 12 20,213 26
1,575 82 22,358 75 12,230 78 3,427 75
1,273 12 19,440 80
3,919 73

61,493 84

656,241 04

$ 1,069,999 99

Iv--ASSETS AS FEK LEDGER ACCOUNTS.
1. Cost value of real estate, exclusive of all incumbrances.$ 2. Loans on mortgages (first liens) on real estate 3. Loans secured by pledge of bonds, stocks, or other mar-
ketable collaterals
21 in

99,706 45 343,079 21
43.20 00

322

COMPTROLLER-GENERAL'S REPORT.

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, of

which $2,332.18 was received during the year

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

10. Agents' ledger balances

683,762 43
14,124 53
590,735 00 7,915 93
161,737 87 154,414 99

13. Total net or ledger assets

$ 2,098,676 41

OTHER ASSETS.

14. Interest due, $675, and accrued, $5,717.90,

on mortgages

$

15. Interest due and accrued on bonds and

stocks

16. Interest due and accrued on collateral loans

17. Interest due and accrued on premium

notes, loans, or liens

19. Rent due, $406.82, and accrued, $441.16, on

company's property or lease

6,392 90
3,574 58 425 93
18,032 76 847 98

Total carried out 20. Market value of real estate over cost

TT^TTTT"

New Business.
23. Gross premiums due and un-

Renewals.

reported on policies in force

December 31, 1903 . . . . $

3,371 26 $ 74,366 31

24. Gross deferred premiums on

policies in force December

31, 1903

53,495 68 56,545 24

Totals

, ..

25. Deduct loading 20 per cent, on

"new,"land 20 per cent, on

"renewals"

36,866 94 130,911 55 7,373 38 26,182 31

26. Net amount of uncollected and deferred premiums . .

29,493 56 101,729 24

28. Total assets, as per the books of the company

29,274 15 3,093 55
134,222 80 2,265,266 91

ITEMS NOT ADMITTED.

5. Agents' balances

$

7. Book value of ledger assets over market

value (bonds)

8. Premium notes and loans on policies and net

premiums in item 25 in excess of the net

value of their policies

Total .

9. Total admitted assets .

154,414 99 22,335 00 99,646 91
$

276,396 90 1,988,870 01

COMPTROLLER-GENERAL'S REPORT.

32S

V. --LI ABILITIES.

1. Net present value of all the outstanding policies in force on the 31st day of December, 1903, as computed by New York insurance department on the combined and American experience tables of mortality with 3, 3)4 and 4 per cent, interest.! 1,284,578 00

Net reinsurance reserve 5. Claims for death losses and matured endow-
ments 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 9. Claims for death losses which have been rep irted and no proofs received

$ 1,284,578 00
18,253 00 3,000 00 62,543 29 5,000 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

88,796 29
19,251 45 4,530 20

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders'account

1,397,155 94 591,714 07

19. Total liabilities .

% 1,988,870 01

Business in Georgia during 1903.

No.

Amount.

Number and amount of policies on the lives of citizens

of Georgia in force December 3! of previous year 1448 $2,584,069 00

Number and amount of policies on the Jives of citizens

of Georgia issued during the year

436 616,895 00

Total

1884 3,200,964,03

Deduct number and amount which have ceased to

be in force during the year ."

283

409,444 00

Total number and amount of policies in force

in Georgia December 31, 1903

1691 2,791,520 00

No.

Amount of losses and claims on policies in Georgia un-

paid December 31 of previous year

Amount of losses and claims on policies in Georgia in-

curred during the year

19

Amount of losses and claims on policies in Georgia

paid during the year

!?

Amount of premiums collected or secured in Georgia during

the year in cash and notes or credits, without any de-

duction for losses, dividends, commissions or other ex-

penses

$ *

Amount.
4,100 00 40,269 00 38'443 0(>
55,786 84

324

COMPTROLLER-GENERAL'S REPORT.

SECURITY TRUST AND LIFE INSURANCE COMPANY, PHILADELPHIA, PA.

ROBERT E. PATTISON, President.

I. C. GABVERICK, Secretary.

Principal Office, Security Trust and Life Building, New York.

AARON HAAS, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of capital stock paid up

in cash ($18,500 treasury stock) $ 500,000 00

Amount of net or ledger assets December 31

of previous year

$

Extended at

1,745,327 83 $

1,745,327 83

II.--INCOME DUBING YEAR 1903.

Cash received for premiums on new poli-

cies, without deductions for commis-

sions or other expenses

*

114,9o5 69

Cash received for renewal premiums, with-

out deductions for commissions or other
expenses From surrender values applied to purchase

700,597 61

paid-up insurance and annuities

22,355 00

5. Consideration for annuities other than ma-

tured installment policies

_

2'021 60

7. Total premium income

*

8. Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned, and dividends

on stock

10. Cash received for interest on premium notes, loans, or

liens

11. Cash received for interest on other debts due thd com-

pany

:"

18. Cash received for rents for use of company's property, including $18,000 for company's own occupancy

14. Cash received for profits on sales of bonds or stocks 17. Premium notes, loans, or liens restored by revival of

policies

'

19. From all other sources, viz.: Profit and loss, protested

checks redeemed

845,929 90 5,457 95 12,676 66 17,460 63
330 50 206,974 95
1,572 02 27.") ss
1,585 85

Total income

.$ 1,092,264 34

III.--DISBUBSBMENTS DUBING THE YEAR 1903.

Cash paid for death claims, including re-

visionary additions

_

*

Premium notes, loans or liens voided by

lapse

364>516 4;5

COMPTROLLER-GENERAL'S REPORT.

325

10}. Premiums returned to policy-holders

$

13. Surrender values paid in cash

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, $92,076.21; renewals, $41,-

985.65; total

*

18. Cash paid for salaries and allowances to managers and agents

19. Cash paid for medical examiners' fees, $11,251; inspection of risks, $5 279.86; total

20. Cash paid for salariesand 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, including $18,000, 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, $6,170.60; printing, $12,048.90; postage, $1,623 40; total.

28. Cash paid for real estate expenses, other than taxes, $52,462.89 ; for legal expenses,

$7,570.09; total . .
29. Cash paid for the following items, viz.: Interest, $68,930; expense, $7,618.80; ex-

pressage, $518.15; profit and loss, pro-

tested checks, $472.50; taxes on real

estate, $25,253.60; loss on sale or matu-

rity of ledger assets, $250; paid for claims on supplementary contracts not involving life contingencies, $2,935; total

943 50 23,804 18 22>355 00
.*
^61 86 7,928 13
16.530 86
47,797 30 19,026 97 21,205 87
4,300 00 2,891 14 19,842 90
60,032 98
105,978 05

417,214 59

Total miscellaneous expenses 30. Total disbursements

^ ''' .$ 856,810 65

-ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances 2. Loans on mortgages (first liens) on real estate

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

policies assigned as collateral 5. Premium notes, loans or liens on policies in force

1,240,500 00 i*^y
6,208 50
125,903 85 61,597 40

326

COMPTROLLER-GENERAL'S REPORT.

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

9. Bills receivable

10. Agents' ledger balances

Company's stock, $18,500; suspense account, $2,148.54;

contingent reversion, $2,830.20; total

287,840 83 2,117 17
43,978 64 2,370 68 46 787 02
23 478 74

13. Total net or ledger assets.

1,980,781 52

OTHER ASSETS.

14. Interest due, $2,331, and accrued, $1,585.16,

on mortgages

$

15. Interest due and accrued on bonds and

stocks

16. Interest due and accrued on collateral loans

17. Interest due and accrued on premium notes,

loans or liens

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. . .

New Business 23. Gross premiums due and un-

reported on policies in force

December 3L, 1903

$

$

24. Gross deferred premiums on

policies in force December

31, 1903

18,176 22

Totals 2.1. I)eductingloading,15 percent,
on "new" and 15 per cent, on "renewals"

18,176 22 2,726 43

26. Net amount of uncollected

and deferred premiums. . . Cash in course of transmission

15,449 79

28. Total assets, as per the books of the company

3,916 16 5,016 62
172 58 5,930 73 6,286 73
Renewals.

21,322 82
247,500 00 !,959 17

20,054 63

77.159 88 7,214 51

14,582 18

82,6:12 33

98,082 12 1,635 08
2,353,280 71

ITEMS NOT ADMITTED.

1. Company's stock owned

$

5. Agents' balances (unsecured)

7. Bills receivable

8. Suspense account

Total

9. Total admitted assets

18,500 00 6,535 46 2,370 68 2,148 54
29,554 68
>: 2,323,726 03

COMPTROLLER-GENERAL'S REPORT.

327

V.--LIABILITIES.

Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the American table of mortality, with three

per cent, interest

$

Same for annuities

1,651,385 00 1,652 00

Net reserve

$ 1,653,037 00

1*. Present value of amount not yet due on supplementary contracts not involving life contingencies computed

by the interest tables at three per cent, interest

23,363 00

5. Claims for death losses and matured en-

dowments in process of adjustment or

adjusted and not due

.$ 16,632 20

Claims for death losses and other policy

claims resisted by the company

2,699 56

6J. Claims for death losses which have been reported and no proofs received

12,501 69

Total policy claims 13. Amount due on account of salaries, rents and office ex-
penses 16. Amount of other liability of the company, viz.: Pre-
miums paid in advance, $1,889.20; capital stock, $500,000; accrued interest, $12,354.16; special reserve,
$50,000; total

31,833 45 3,037 50
564,243 36

17. Liabilities on policy-holders'account 18. Gross surplus on,policy-holders' account.

-. . 2,275,514 31 48,211 72

19. Total liabilities



.$ 2,323,726 03

Business in Georgia during Year 1903.

No.

Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year 246

Number and amount of policies on the lives of citizens of Georgia issued during the year

$

Amount. 401,974 00
121,950 00

Total

332

Deduct number and amount which have ceased to be

in force during the year

,,,'

50

Total number and amount of policies in force in Geor-

gia December 31, 1903

282.

No.
Amount of losses and claims on policies incurred during

the year

Amount of losses and claims on policies in Georgia paid

during the year

,':":;'"

Premiums collected or secured in Georgia during the year in

cash and notes or credits, without any deduction losses, dividends, commissions or other expenses

tor $

526,924 00 71,285 00 455,639 00 Amount. 7,501 00 5,254 00
19,234 07

328

COMPTROLLER-GENERAL'S REPORT.

SOUTH ATLANTIC LIFE INSURANCE COMPANY OF RICHMOND, VA.

BEVERLEY B. MUNFORD, President.

Louis T. DOBIE, Secretary.

Principal Office, 827 East Main Street, Richmond, Va.

I.--CAPITAL STOCK.

J. Amount of capital stock paid

up in cash

$ 198,800 00

2. Amount of capital subscribe

but unpaid

1200 00

Amount of net or ledger assets December

31 of previous year

$

ST Extended at

272,503 80 $

272,503 80

II.--INCOME DURING YEAR 1903.

1. Cash received for premiums on new poli-

icies, without deductions 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 .

2J. Premium notes, loans or liens taken in

part payment for renewal premiums

2S,098 97
61,482 90 10,473 73
1,640 28

Total 6. Deduct amount of premiums paid to other
companies for reinsurance on policies in this company: New business, $1,636.09; renewals, $2,075.16

101,695 88 3,711 25

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 com-

pany

14. Cash received for profits on sales of bonds or stocks

Total income

$

97,984 63
6,118 42
91 52
3,130 84 909 69
108,235 10

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$

10,235 17

Total paid policy-holders

10,235 17

COMPTROLLER-GENERAL'S REPORT.

329

17. Cash paid for commissions and bonuses to agents (less commissions on reinsur-

ance) : new policies, $27,088.30; renewals,

$3,968.88; total

$

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 and

on renewals
22. Cash paid for taxes on investments 23. Cash paid for insurance department fees
and agents' licenses, 5764.50; municipal

licenses, $317.90 24. Cash paid for rent, including company's

occupancy 26. Cash paid for furniture, fixtures and safes
for home and agency offices 27. Cash paid for advertising, $987.19; print-

ing, $1,939.35
28 Cash paid for legal expenses 29 Cash paid for the following items, viz.:
Traveling expenses, $4,183.60; postage,

$1,209 10; expense, $2,380.49; profit and

loss, $1,020 67; agents' balance charged

off, $1,950.10

Total miscellaneous expenses.

30. Total disbursements

31,057 18 3,369 26 4,896 50
15,747 37 1,082 19 344 32
1,082 40 2,500 00
270 04 2,926 54
916 41
10,744 02

74,936 23 85,171 40

Iv.--ASSETS AS PER LEDGER ACCOUNTS.

3. Loans secured by pledge of bonds, stocks or other market-

able collaterals

*

4. Loans made in cash to policy-holders on this compa.ny s

policies assigned as collateral

' 5 Premium notes, loans or liens on policies in force

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

9. Bills receivable

10. Agents' ledger balances, of which $2,354.53 was advanced

during the year

_

Twenty per cent, premium loans, $256.36; suspense, $350.

13. Total net or ledger assets.

25,250 00
1,036 50 12,114 01
192,841 72 962 67
39,420 22 3,540 84
19,795 18 606 36
295,567 50

330

COMPTROLLER-GENERAL'S REPORT.

OTHER ASSETS.
15. Interest accrued on bonds and stocks $ 18. Interest accrued on other assets

1,294 51 20 72

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, 1903

$ 3,951 28 $

24. Gross deferred premiums on policies in force December

31,1903

492 78

$
Renewals.
5,697 03 2,907 16

1,315 23 703 28

Totals 25. Deductingloading 20 percent.
on " new " and 20 per cent. on "renewals"

4,444 06 8S8 81

8,604 19 ' 1,720 84

26. Net amount of uncollected

and deferred premiums. .. . 3,555 25

6,883 35

27. Furniture, fixtures and safes

Printing and stationery (book value $9,985.26), $3,000;

balance due account stock, $1,500

10,438 60 1,8S3 90
4,500 00

28. Total assets, as per the books of the company

314,408 51

ITEMS NOT ADMITTED.

1. Loans on company's stock

$

2. Furniture, fixtures and safes

3. Suspense 5. Agents' balances

7. Bills receivable

8. Supplies, printed matter and stationery. ..

1,500 00 1,S83 90
350 00 19,795 18
3,540 84 3,000 00

Total

30,069 92

9. Total admitted assets

$ 284,338 59

V.--LIABILITIES.

1. Net present value of all outstanding policies

in force on the 31st day of December,

1903, computed according to the actua-

ries' table of mortality, with four per

cent, interest

$

Deduct net value of risks of this company reinsured in other solvent companies

89,917 00 4,642 00

Net reinsurance reserve

$

16. Amount of any other liability of the company, viz.: Bills

unpaid at end of year
--

17. Liabilities on policy-holders' account

18. Gross surplus on policy-holders' account

85,275 00
2,202 88 87,477 88 196,860 71

19. Total liabilities

$ 284.338 59

COMPTROLLER-GENERAL'S REPORT.

Business in Georgia during 1903.

No.
Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year 67 $

Number and amount of policies on the lives of citizens

of Georgia issued during the year

6

Total

73

Deduct number and amount which have ceased to be

in force during the year

40

Total number and amount of policies in force

December 31, 1903

33 $

Premiums collected or secured in Georgia during the year in

cash and notes or credits, without any deduction for

losses, dividends, commissions or other expense

$

331
AmouDt.
144,500 00 12,000 00 156,500 00 68,500 00
88,000 00
2,033 01

STATE LIFE INSURANCE COMPANY OF INDIANA.

ANDREW M. SWEENEY, President.

WILBUR S. WYNN, Secretary.

Principal Office, Indianapolis, Ind.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

3L of previous year

f 1,394,275 70

Extendedat

$ 1,394,275 70

II.--INCOME DURING YEAR.

1. Cash received for premiums on new policies,

without deductions for commissions or

other expenses

$

1J. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

3. From dividends applied to pay running

premiums 4. From surrender values applied to pay first

year's premiums

4J. From surrender values applied to purchase

paid-up insurance and annuities

712,598 41
895,590 52 39,040 11 17,705 19 1,963 58

Total

* 1,666,897 81

6. Deduct amount of premiums paid toother

companies for reinsurance on policies in

this company

974 90

7. Total premium income 9. Cash received for interest on mortgage loans...

$ * ,665,92- .) 56,255 96

10. Cash received for interest on premium notes, loans or liens

23,357 87

m

332

COMPTROLLER-GENERAL'S REPORT.

11. Cash received for interest on other debts due the com-

pany

'

19. From all other sources, viz. : Rebate on internal revenue

w,6Jl oJ 261 94

Total income

1,748,490 27

III.--DISBURSEMENTS DURING THE YEAR.

1. Cash paid for death claims, including revis-

ionary additions

$

9. Premium notes, loans or liens used in pur-

chase of surrendered policies, $ ;

voided by lapse (and contingent credits)

10. Cash dividends paid policy-holders

11. Cash dividends applied to pay running pre-

miums

13. Surrender values paid in cash

14. Surrender values applied to pay new pre-

miums

15. Surrender values applied to purchase paid-

up insurance and annuities

238,288 10
26,143 92 1,175 98 39,040 11 54,088 78 17,705 19 1,963 58

Total paid policy-holders

17. Cash paid for commissions and bonuses

to agent (Jess commission on reinsur-

ance), new policies, $373,848.58; renew-

als, $75,027.23

$

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees,

$25,223.84; inspection of risks, $9,015.96.

20. Cash paid for salaries and all other com-

pensation of officers and other home of-

fice employees

....

21. For agency supervision and traveling ex-

penses

22. Cash paid for taxes on investments

23. Cash paid for Insurance Department fees

' agents'licenses and municipal licenses. .

24. Cash paid for rent

26. Cash paid for furniture, fixtures and safes

tor home and agency offices

27. Cash paid for advertising, $5,781.02; print-

ing, $13,637.74 ; postage, $4,295.24

28. Cash paid for investment expenses, other

than taxes, $636.01 ; for legal expenses,

$8,388.76

29. Cash paid for the following items, viz.:

Miscellaneous expenses

Discount on premiums paid in advance. ...

$
448,375 70 30,703 01 31,239 80
89,972 59 31,759 31
3,774 37 24.458 68 9,694 85 4,195 90 23,714 00
9,024 77 5,145 61
69 08

378,405 72

Total miscellaneous expenses

$ 715,127 73

30. Total disbursements

$ 1,093,533 45

COMPTROLLER-GENERAL'S REPORT.

333

IV.--ASSETS AS PER LEDGER ACCOUNT.

1. Cost value of real estate, exclusive of all inoumbrances.. .$ 2. Loans on mortgage (first liens) on real estate 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
policies assigned as collateral
5. Premium notes, loans, or liens on policies in force, received during the year
7. Cash in company's office 8. Cash deposited in banks 10. Agents'ledger balances
11. Total net or ledger assets

3,351 24 1,353,376 98
13'100 00
419,475 37
35,542 03 'U'TM; "" Jl'IZ, 74 37.144 -9,u0a4Qw,9-QoOi oK^9

OTHER ASSETS.

14. Interest due, $135.00, and accrued, $19,-

609.55, on mortgages

$

16, Interest due and accrued on collateral loans

Total carried out

New Business.

23. Gross premiums due and unreported on policies in
force December 31, 1903. . .$

205,138 41 $

24, Gross deferred premiums on policies in force December
31,1903

l^J^

Totals

212,978 90

25. Deducting loading

119,268 18

26. Net amount of uncollected and deferred premiums. .

93,/iU <*

19,744 5o 184JS
Renewals.
64,569 .6
J'269 56
104,839 32 24,930 79
',vo a,

19'928 83
^ ^

28. Total assets, as per the books of the company
ITEMS NOT ADMITTED.

5 Agents' balances 9 Total admitted assets

V.-- LIABILITIES.

2,242,780 60
37,144 74 ... .$ 2,205,635 86

1 Net present value of all the outstanding policies in force on the 31st day of December, 1903,computed according to the

actuaries' table of mortality, with 4

per cent, interest, and American ex-

perience at 3 per cent, interest

* 1,7W,U7U uu

Deduct net value of risks of this company reinsured in other solvent companies. .. .

4Xd w

Net reinsurance reserve

$ 1,759,657 00

334

COMPTROLLER-GENERAL'S REPORT.

5. Claims for death losses and matured en-

dowments in process of adjustment or ad-

justed and not due

$

6. Claims for death losses and other policy

claims resisted by the company

37,500 00 10,000 00

Total policy claims

$

10. Amount of all unpaid dividends of surplus, or other de-

scription of profit 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

18. Gross surplus on policy-holders' account

47,500 00 1,006 74
3,659 00 3,236 14 390,576 98

19. Total liabilities

$ 2,205,635 86

Business in the Slate of Georgia during the Year.

No. Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year. 766$

Number and amount of policies on the lives of citizens

of Georgia issued during the year

49S

Amount. 1,599,500 00
939,867 00

Total

1,264

Deduct number and amount which have ceased to be

in force during the year

322

2,539,367 00 505,755 00

Total number and amount of policies in force

in Georgia December 31, 1903

942

No. Amount of losses and claims on policies in Georgia un-

paid December 31 of previous year

2

Amount of losses and claims on policies in Georgia in-

curred during the year

8

2,033,612 00 Amount. 4,000 00
24,500 00

Total

10

28,500 00

Amount of losses and claims on policies in Georgia

paid during the year

9

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 $ i8,257.86 ; notes or credits, 81,828.70

$

27,500 00 70,086 5

COMPTROLLER-GENERAL'S REPORT.

335

STATE MUTUAL LIFE ASSURANC E COMPANY OP MASSACHUSETTS.

A. G. BULLOCK, President.

H. M. WITTER, Secretary.

Principal Office, 340 Main Street, Worcester, Mass.

W. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$ 20,020,044 58

Extendedat

$20,020,044 58

II.--INCOME DURING THE YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deduction for commissions

or other expanses

$ 463,692 55

1J. Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

2,791,830 67

3. From dividends applied to pay running pre-

miums

.'

337,820 50

3J From dividends applied to purchase paid-up

additions and annuities

107.827 47

Total

$ 3,701,171 19

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company : New businpss, 13,164.50 ;

renewals, $35,822.22 ; total

48,986 72

7. Total premium income

* 3,652,184 47

8. Cash received for interest on mortgage loans

147,194 47

9. Cash received for interest on bonds owned and dividends on stock

587,844 73

10. Cash received for interest on premium notes, loans or liens

89,940 76

11. Cash received for interest on other debts due the com-
pany. 12. Cash received as discount on claims paii in advance

55,755 03 45 70

13. Cash received for rents for use of company's property, including $20,000.00 for company's own occupancy

] 10,293 94

14. Cash received for profits on sales of bonds or stocks, $16,822.50; real estate, $90,683.15
16. From dividends and surrender values on reinsurances.

107,505 65 4,288 78

19. From all other sources, viz : Consideration for supplemental contracts not involving life contingencies

46,100 75

Total income

* 4,801,154 28

336

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING THE YEAR 1903.

Cash paid for death claims, including revis-

ionary additions

$

Cash paid for matured endowments and ad-

ditions thereto

Cash paid for sums falling due during the

year on installment policies

1,193,884 34 181.508 00 2.177 00

Total 6. Deduct amount received from other com-
panies for losses or claims on policies of this company reinsured

.$ 1,377,569 34 30,000 00

7. Total net amount actually paid for losses and matured endowments
9. Premium notes, loans or liens voided by lapse
10. Cash dividends paid to policy-holders 11. Cash dividends applied to pay running pre-
miums 12. Cash dividends applied to purchase paid-up
additions and annuities 13. Surrender values paid in cash

1,347,569 34
274 00 14,154 93
337,820 50
107,827 47 390,859 67

Total paid policy-holders 17. Cash paid for commissions and bonuses to
agents (less commission on reinsurance): New policies, $245,878.83; renewals, $198734.40; 18. Cash paid for salaries and allowances to managers and agents 19. Cash paid for medical examiners' fees, $30,087.50; inspection of risks, $5,000.00; total 20. Cash paid for salaries and all other compensation of officers ami other home office employees 21. Cash paid for taxes on new premiums $3,810.36; on renewals, $26,400.29 22. Cash paid for taxes on reserves, $27,779.00 ; on investments, $20,744.00; total 23. Cash paid for insurance department fees and agents' licenses, $5,790.35; municipal licenses, $1,292.37 ; total 24. Cash paid for rent, including $20,000.00 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, $4,440.26 ; print-
ing, $17,666.59

J 2,198,505 91
444,613 23 6S,54(> 42 35,087 50
70,619 74 30,216 65 48,523 00
7,082 72 44,718 50
9,721 93 7,299 95 22,106 85

COMPTROLLER-GENERAL'S REPORT.

337

28. Cash paid for real estate expenses other

than taxes. $34,467.82 ; for legal expenses,

18,697.33; total

. $

29. Cash paid for the following items, viz.:

postage, 7,257 76; loss on sale of ledger as-

sets, $27,023 69 ; sundries $43,782.75

Total miscellaneous expenses

43,165 15 77,964 20

909,565 84

30. Total disbursements

$ 3,108,171 75

IV.--ASSETS AS PEE LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. .$ 1,691,150 00

2. Loans on mortgage (first liens) on real estate

3,386,343 00

3. Loans secured by pledge of bonds, stocks or other market-

able collaterals

551,032 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,942,760 00

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

13,527,660 00

7. Cash in company's office

2,513 86

8. Cash deposited in banks

452,818 25

10. Loans to corporations

158.750 00

13. Total net or ledger assets

OTHER ASSETS.

14. Interest due, $8,052.63, and accrued, $37,-

086.61 on mortgages

"

15. Interest accrued on bonds and stocks ....

16. Interest due, $525.00, ar.d accrued, $6,684.66

on collateral loans

17. Interest due, $1,937.02, and accrued, $31,299-

.61, on premium notes, loans or liens. . . .

19. Rents due, 31,017.68, and accrued, $9,888.94,

on company's property or lease

21,713,027 11
45,139 24 189,965 92
7,209 66 33,236 63 10,906 62

Total carried out

21. Market value of bonds and stocks over cost

New Business. Renewals. 23. Gross premiums due and unre-

ported on policies in force

December 31, 1903

$ 56,167 28 $ 252,416 20

24. Gross deferred premiums on pol-

icies in force December 31,

1903

57,483 71

302,823 03

Totals ., 25. Deducting loading, 20 percent.
on "new" and 20 per cent on
"renewals"

113,650 99 22,730 19

555,239 23 111,047 85

286,458 07 714,651 00

26. Net amount of uncollected and

deferred premiums

... $ 90,920 80

444,191 38$ 535,112 18

28. Total assets, as per the books of the company 22 in

$23,249,248 86

338

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

1. Net present value of all the outstanding pol-

icies in force on the 31st day of Decem-

ber, 1903, computed according to the

actuaries' table of mortality, with four

per cent, interest on policies issued prior

to January 1, 1901, and on the American

table of mortality with three and one-half

per cent interest on policies issued since

January 1,1901

$ 20,867,816 00

Deduct net value of risks of this company

reinsured in other solvent companies . .. 103,010 00

Net reinsurance reserve

5. Claims for death losses and matured endow-

ments in process of adjustment or ad-

justed and not due

$

6. Claims for death losses and other policy

claims resisted by the company

8. Present value unpaid amounts on matured

installment policies (face, $84,624.00)....

$ 20,763,906 00
68,456 00 4,500 00 55,332 00

Total policy claims 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, $49,339.00; dividends apportioned on 5-year dividend policies and not yet due, $85,477.00

128,288 00 37,160 00
134,816 00

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

21,064,170 00 2,185,078 36

19. Total liabilities

.$23 249 248 36

Business in Georgia during 1903.
NT umber 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

No. Amount.
143 $ 296,272 00 144 246,454 00

Total

287

Deduct number and amount which have ceased to be in

force during the year

49

542,726 00 91,70S 00

Total number and aroo jnt of policies in force

in Georgia December 31, 1903

238

451,018 CO

COMPTROLLER-GENERAL'S REPORT.

339

Amount of losses ani claims on policies in Georgia in-

curred during the year

1 $

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: each. . $

710 00 710 00
14,723 53

SUN LIFE ASSURANCE COMPANY OF CANADA.

ROBERTSON MAOAULAY, President.

T. B. MACAULAY, Secretary.

Principal Office, 1766 Notre Dame Street, Montreal, Canada.

JOHN S. CAMRBON, Atlanta, Attorney for Service in Georgia.

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

$ 12,838,704 01

Extended at

$ 12,838,704 01

II.--INCOME DURING THE YEAR 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$

New premiums, thrift department

1 . Cash received for renewal premiums, with-

out deductions for commissions or other

expenses

Renewal premiums, thrift department

3. From dividends applied to pay running pre-

miums

3J. From dividends applied to purchase paid-

up additions and annuities

4. From surrender values applied to pay run-

ning premiums 5. Consideration for annuities other than ma-

tured installment policies .'

559,271 38 27,009 80
2,377,330 35 69,207 01
10,327 71 40,068 87 11 >u0Qvl7 4*9 213,561 01

Total 6. Deduct amount of premiums paid to other
companies for reinsurance on policies in this company: Renewals

3,297,873 62 379 35

7. Total premium income

$ 3,297,494 27

SSI

340

COMPTEOLLEE-GENEEAL'S EEPOET.

8. Cash received for interest on mortgage loans

1

9. Cash received for interest and bonds owned, and divi- I

dends on stock

I

10. Cash received for interest on premium notes, loans or (_*

liens

I

11. Cash received for interest on other debts due the com- 1

pany

I

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

14. Cash received for profits on sales of bonds or stocks

19. From all other sources, viz.: Premiums from combined

accident policies

g2o QJO 39
25,247 67 41,179 06
160 11

Total income

$ 3,986,139 50

III.--DISBURSEMENTS DURING THE YEAR 1903.

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

682,185 29 199,488 82
5,007 12

7. Total net amount actually paid for losses and matured endowments
8. Cash paid to annuitants 10. Cash dividends paid policy-holders 11. Cash dividends applied to pay running pre-
miums 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

886,681 23 69,902 26 43,074 53
10,327 71
40,068 87 140,236 28
1,097 49

Total paid policy-holders

16. Cash paid stockholders for interest or divi-

dends

$

17. Cash paid for commissions and bonuses to

agents (less commissions on reinsur-

ance; : New policies, $372,767.61; renew-

als, $122,047.85; total

18. Cash paid for salaries and allowances to

managers and agents

19. Cash paid for medical examiners' fees, $43,-

091.75; inspection of risks, $2,000.00;

total 20. Cash paid for salaries and all other com-

pensation of officers and other home of-

fice employees

$ 1,191,388 37 15,750 00
494,815 46 117,212 26
45,09175 77,384 37

COMPTROLLER-GENERAL'S REPORT.

341

21. Agency supervision, traveling and all

other agency expenses

$

22. Directors' and auditors' fees

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. Expenses, thrift department

26. Cash paid for furniture, fixtures and safes

for home and agency offices

27. Cash paid for advertising, $9,027.22; print-

ing, $16,035.87 ; sundries, $4,337.24

28. Cash paid for legal expenses

29. Profit and loss

Accident department, (claims, $22.85 ; ex-

penses, $20.01)

37,593 09 15,058 25
33,913 09
27,569 73 43,837 70
5,959 57
29,400 33 3,802 65 160 75
42 86

Total miscellaneous expenses

947,591 86

30. Total disbursements

$ 2,138,980 23

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. .$ 1,103,098 23

2. Loans on mortgage (first liens) on real estate

2,732,488 57

3. Loans secured by pledge of bonds, stocks or other market-

able collaterals

156,595 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,062,483 70

Policy loans under nonforfeiture agreements

252,009 94

5. Premium notes, loans or liens on policies in force

1,110 52

6. Cost of bonds and stocks owned, excluding accrued inter-

est at time of purchase

9,221,090 49

7. Cash in company's office

5,337 45

8. Cash deposited in banks, viz.: Merchants Bank of Canada,

Montreal,$64,161.30; ISew York, $249.14; Molsons Bank,

Montreal, $6,341.46 ; Bank of Scotland, $25,334.42; Credit

Lyonnais, $14,444.44; Yokohama Specie Bank, Ltd.,

Yokohama, $805.79 ; Banco de Tarapaca y Argentina,

Chile, $17,264.68; Banco de Chile, $13,418.73 ; Banco de

Hipotecario de Chile, $2,368.55 ; Banco Aleman Trans-

atlantic, $653.51 ; total

145,042 02

Ground rents

38.640 00

Total Deduct ledger liabilities
13. Total net or ledger assets

14,717,895 92 32,032 64
14,685,863 28

^iUffr" -r

342

COMPTROLLER-GENERAL'S REPORT.

OTHER ASSETS.

14. Interest due, $30,281.01, and accrued, $53,-

310.98, on mortgages

5

15. Interest due, $40,227.14, and accrued, $90,-

194.34, on bonds apd stocks

16. Interest due and accrued on collateral loans

17. Interest due and accrued on premium notes

or liens

18. Interest due, $196.55, and accrued $4,-

162.71, on policy loan3

19. Rents due, $5,548.81, and accrued, $6,091.99,

on company's property or lease

83,591 99 130,421 48
1,547 84
62 95 4,359 26 11,640 80

Total carried out 21. Market value of bonds and stocks over cost

23. Gross premiums due and unreported on policies in force December 31, 1903 . .$
24. Gross deferred premiums on policies in force December 31,1903

New Business. 141,140 85 $ 40,88121

$ Renewals. 206,408 16 129,182 58

231,624 32 142,165 99

Totals 25. Deduct loading 20 per cent.
on "new," and 20 per cent. on "renewals"

182,022 06 36,404 41

335,590 74 67,118 14

26. Net amount of uncollected and deferred premiums....

145,617 65 268,472 60 414,090 25

28. Total assets, as per the books of the company

$ 15,473,743 84

V.--LIABILITIES.

1. Net present value of all the outstanding policies in force on the 31st day of December, 1903, computed according to the H. M. table of mortality, with four and three and one-half per cent, interest... $ 14,264,570 86

Deduct net value of risks of this company reinsured in other solvent companies. ...

2,356 50

Net reinsurance reserve

3. Claims for death losses reported but 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

6. Claims for death losses and other policy

claims resisted by the company

$ 14,262,214 36 74,963 68
1,020 00
31,977 06 956 00

COMPTROLLER-GENERAL'S REPORT.

343

7. Amounts due and unpaid on annuity claims

and on installment claims

$

8. Present value of unpaid amounts on ma-

tured installment policies

3,875 61 40,772 24

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

15. Amount of any other liability of the company, viz. : Pre-

miums paid in advance, $21,287.97; unearned premiums,

accident department, $96.07

153,564 59 27,323 36 7,875 00
21,384 04

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

14,472,361 35 1,001,382 49

19. Total liabilities

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 pol-

icies

I 15,473,743 84
686,750 81 209,631 68

Business in Georgia during 1903.

No.
Number and amount of policies on the lives of citizens

in Georgia in force December 31 of previous year 371

Number and amount of policies on the lives of citi-

zens of Georgia issued during the year

410

Amount.
$626,752 00 788,099 00

Total

781 $1,414,85100

Deduct number and amount ceased to be in force

during the year

186 329,388 00

Total number and amount of policies in force

in Georgia December 31, 1903

595 1,085,463 00

Amount of losses and claims on policies in Georgia

incurred during the year

:.

Amount of losses and claims on policies in Georgia

paid during the year

No.
5 $ 5

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.
11,000 00 11,000 00
35'45395

344

COMITROLLER-GENERAL'S REPORT.

THE TRAVELER'S LIFE INSURANCE COMPANY OF CONNECTICUT.

S. C. DUNHAM, President.

JOHN E. MORRIS, Secretary.

Home Office, 56 Prospect Street, Hartford, Connecticut.

I.--CAPITAL STOCK.

1. Amount of ledger assets December 31,1902, $28,140,450 07

Extended at

$28,140,450 07

II.--INCOME.

As shown by the books at the home office at the close of business Decem-

beo 31, 1903.

1. First year's premiums on original policies

without deductions for commissions or

other expenses, less $18,885.50 for first

year's reinsurance

$ 628,020 92

3. Total first year's premiums on original poli-

cies

$

6. Consideration for original annuities involv-

ing life contingencies

62S.020 92 42,469 41

8. Total new premiums 9. Renewal premiums without deduction for
commissions or other expenses, less $125,001.05 for reinsurance on renewals 11. Surrender values applied to pay renewal premiums 12. Renewal premiums for deferred annuities

$
3,632,052 80 32S 50
1.128 02

670,490 33 ,

13. Total renewal premiums

$ 3,633,509 32

14. Total premium income

$ 4,303,999 65

15. Consideration for supplementary contracts not involving

life contingencies

408,004 00

18. Interest on mortgage loans

$ 399,507 59

19. Interest on collateral loans

35,256 24

20. Interest on bonds and dividends on stocks 744.193 84

21. Interest on premium notes, policy loans or

liens

119.668 43

22. Interest on other debts due the company. ..

57,225 04

23. Discount on claims paid in advance

2,112 18

24. Rent from company's property, including

$15,000.00 for company's own occupancy .

74,615 26

25. Total interest and rents 26. Profit on sale or maturity of ledger assets 27. From other sources, profit and loss

$ 1,432,578 58 75,872 55 1,181 04

Total income

$ 6,221,635 82

COMPTROLLER-GENERAL'S REPORT.

345

III.--DISBURSEMENTS.

1. For death claims (less $22,210.00 reinsur-

ance)

$ 1,714,689 62

2. Formamredendowments(including$l,685.00

for pure endowments granted with ex-

tended term insurance)

377,815 59

3! Net amount paid for losses and matured en-

dowments

$ 2,092,505 21

4. For annuities involving life contingencies . . 20,037 92

8. Surrender values paid in cash

186,261 16

7. Surrender values applied to pay new pre-

miums 12. Total paid policy-holders

328 50 $ 2,299,182 79

13. Paid for claims on supplementary contracts not involving

life contingencies

$ 20,859 61

15. Commissions and bonuses to agents (less commission on

reinsurance), first year's premiums, $299,788.61; renew-

al premiums,$173,571.56;onannuities (original),$2,143.68;

(renewal), $40.82 16. Commuted renewal commissions

475,544 67



5,560 00

17. Salaries and allowances for agencies, including managers,

agents and clerks

53,526 54

18. Agency supervision, traveling, and all other agency ex-
penses 19. Medical examiner's fees

22,624 76 49,009 94

20. Salaries and all other compensation of officers and home

office employees 21. Rent, including $15,000.00 for company's own occupancy. .

80,560,71 17,654 43

22. Advertising, $32,472.35 ; printing and stationery, $18,517.46 ;
postage, $11,114.25
23. Legul expenses 24. Furniture, fixtures and safes, $4,588.21; expense, $12,646.68
25. Insurance, taxes, licenses and department fees
26. Taxes on real estate 27. Repairs and expenses (other than taxes) on real estate

62,104 06 6,806 01
17,234 89 62,661 70 22,584 84 100,542 56

30. Total disbursements.

.$ 3,296,457 51

IV.--LEDGER ASSETS.

1. Book value of real'estate, unincumbered

I TM'1^ ^t

2. Mortgage loans on real estae, first liens

8,0(9,606 06

3. Loans secured by pledge of bonds, stocks, or other collat-

eral 4. Loans made to policy-holders on this company's policies

assigned as collateral

:

5. Premium notes on policies in force

6. Book value bonds (excluding interest) $15,614,107.52; stocks,

2,051,286.30

^ ' ''
>y
17,665,393 82

346

COMPTROLLER-GENERAL'S REPORT.

7. Deposited in trust companies and banks on interest
8. Cash in company's office, $2,655.61; deposited in bank* (not on interest) $25,474.95
9. Agents' balances

1,080,501 74
28,130 56 7,285 43

10. Total ledger assets

31 065 628 38

NON-LEDGEH ASSETS.
11. Interest accrued, but not due, on mortgages. $ 12. Interest accrued, but not due, on bonds
and stocks 13. Interest accrued but not due, on collateral
loans

120,004 35 139,851 35
8,568 06

17. Total interest and rents due and accrued

;

19. Market value (not including interest in item 12), of bonds

and stocks over book value

21. Gross premiums due and un-

reported on policies iu force

December 31, 1903

if

22. Gross deferred premiums on

policies in force December

31, 1903

New Business. Renewals. 10,391 85 $ 300,067 hi 54,605 51 433,097 79

268,428 77 131,186 82

Totals 24. Deduct loading, 7.35 per cent.

64,997 36 4,777 30

733,165 43 53,887 66

25. Net amount of uncollected and deferred premiums....
27. Gross assets

60,220 06

679,277 T, 739,497 -S3 32,204,736 80

DEDUCT ASSETS NOT ADMITTED.
30. Agents' debit balances
36. Total admitted assets

7,285 43 $32 197 451 37

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of Decem-

ber, 1903, as computed by the company on

the American experience table of mortali-

ty, with 3J per cent, interest

$ 29,557,613 00

Same for annuities (including those in re-

duction of premiums)

189,486 00

Total

$ 29,747,099 00

Deduct net value of risks of this company

reinsured in other solvent companies . 719,151 00

Net reserve

$ 29,027,94S 00

COMPTROLLER-GENERAL'S REPORT.

347

2. Present value of amounts not yet due on supplementary

contracts not involving life contingencies, computed by

thecompany

*

5. Claims for death losses in process of adjust-

ment or adjusted and not due

$ 34,300 00

6. Claims for death losses which have been re-

ported and no proofs received

42,399 51

7 Claims for matured endowments due and

unpaid

2>45600

8. Claims for death losses and other policy claims resisted by the company

3'000 00

1,702,367 00

10. Total policy claims

$

12. Premiums paid in advance, including surrender values so

82'155 51

14. "Cost of collection" on uncollected and deferred premiums, in excess of the ioading thereon

15. Salaries, rents, office expenses, taxes, bills, accounts. bonuses, commissions, medical and legal fees, due or

accrued

'

24. Unassigned funds (surplus),

6>592 14
' 1,342,61-1

25. Total liabilities

$ 32,197,451 37

Business in Georgia during 190-1.

No.

Amount.

Policies on the lives of citizens of said State in force

December 31, 1902

1,315 I 4,659,406 00

Policies on the lives of citizens of said State issued, in-

creased and revived during the year

136 444,011 00

Total

.'

1,451

Deduct ceased to be in force and decreased during the

year

132

5,104,017 00 333,oo2 00

Policies in force December 31, 1903. Losses and claims incurred during the year

UL9 % 4,770,465 00

No.

Amouat.

42

88'12' o0

Losses and claims settled during the year, in cash

39 82,427 50

Losses and claims unpaid December 31, 1903

3

Premiums collected or secured in cash and notes or credits,

without any deduction for losses, dividends, coinmis-

sions, or other expenses

*

5,700 00 '

348

COMPTROLLER-GENERAL'S REPORT.

UNION CENTRAL LIFE INSURANCE COMPANY OF CINCINNATI, OHIO.

JOHN M. PATTISON, President.

E. P. MARSHALL, Secretary .

Principal Office, 353 West Fourth Street, Cincinnati, 0.

ISAAC 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

$ 32,466,456 13

Extended at

$ 32,466,456 13

II.--INCOME DIKING THE YEAH 1903.

1. Cash received for premiums on new poli-

cies, without deductions for commissions

or other expenses

$ 552,148 00

1$. Cash received for renewal premiums,

without deductions for commissions or

other expenses

3,504,031 97

2. Premium notes, loans or liens taken in

part payment for premiums on new poli-

cies

496,837 77

2i. Premium notes, loans or liens taken in

part payment for renewal premiums

1,897,014 67

3. From dividends applied to pay running

premiums

187,007 11

3. From dividends applied to purchase paid-

up additions and annuities

94,110 64

4. From surrender values applied to pay run-

ning premiums

20,613 82

4J. From surrender values applied to pur-

chase paid-up insurance and annuities. .

65,716 76

5. Consideration for annuities other than

matured installment policies

14,932 50

Total

$ 6,832,413 24

Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company

165,339 97

7. Total premium income

>j; 6 667 073 27

8. Cash received for interest on mortgage loans

1,767,057 15

9. Cash received for interest on bonds owned and divi-

dends on stock

400 oo

10. Cash received for interest on premium notes, loans or

liens

302,373 84

COMPTROLLER-GENERAL'S REPORT.

349

11. Cash received for interest on other debts due the com-

pany ....'.

*

13. Cash received for rents for use of company's prop-

erty, including $5,000 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

20,995 79 21,468 48
4,102 32 21,500 00

Total income

.$ 8,804,970 85

HI--DISBURSEMENTS DURING THE YEAR 1903.

Cash paid for death claims, including re-

visionary additions

$

Premium notes, loans or liens used in pay-

mentof same

Cash paid for matured endowments and

additions thereto



Cash paid for sums falling due during the

year on installment policies

1,392,527 33 9>826 16
425,817 9 7,250 00

To.al

*

Deduct amount received from other com-

panies for losses or claims on policies of this company reinsured for matured en-

dowments

1,835,42147 34,000 00

Total net amount actually paid for losses and matured
endowments Cash paid to annuitants

1,801,421 47 21,162 90

9. Premium notes, loans or liens used in purchase of surrendered policies, 51,765.31; voided by lapse, $218,-

Q25 29 Premium notes, loans or liens used in payment of divi-

dends to policy-holders

10. Cash dividends paid to policy-holders 11. Cash dividends applied to pay running premiums 12. Gash dividends applied to purchase paid-up additions

and annuities

13. Surrender values paid in cash

14. Surrender values applied to pay running premiums

20,bio oZ

15. Surrender values applied to purchase paid-up insurance

and annuities

220,690 60 1,563 86
167,184 50 187,007 11 94,110 64 129,014 02
65,716 76

Total paid policy-holders

$ 2,708,485 68

16.

Cash paid stockholders for interest or divi$

dends

17. Cash paid for commissions and bonuses to agents (less commission on reinsurance),

10,000 00

new policies, $532,658.17; renewals,

$341,506.66 ; annuities, $746.62

874,911 45

950

COMPTROLLER-GENERAL'S REPORT.

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 and renewals 22. Cash paid for taxes on reserves, $1,880.67; on investments, $8,061.68 23. Cash paid for insurance department fees and agents' licenses 24. Cash paid for rent, including $5,000, company's occupancy 26. Cash paid for furniture, fixtures and safes for home and agency offices 27. Cash paid for advertising, $12,485.27; printing, $28,812.71 ; postage, $8,255.50. . . 28. Cash paid for real estate expenses, other than taxes, $3,560.79 ; for legal expenses, $9,912 60 29. Cash paid for the following items, viz.: Profit and loss (bad accounts) $35,338.31; agency expense, $26,276.24; general expense, $14,021.30; mortgage loan expense, $199,759.11

38,244 48 58,017 70
144.444 72 88,329 27 9,942 35 14,881 26 25,942 52 2,585 62 49,553 48
13,473 39
275,394 96

Total miscellaneous expenses

$ 1,605,721 20

30. Total disbursements

$ 4,314,206 88

TV. ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances. .$ 501,276 90

2. Loans on mortgage (first liens) on real estate

31,054,239 43

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

3,434,418 87

5. Premium notes, loans or liens on policies in force, of

which $281,541.19 was received during the year

1,418,221 79

6. Cost value of bonds and stocks owned, excluding accrued

interest at time of purchase

10,000 00

7. Cash in company's office

;

29,387 83

8. Cash deposited in banks

365,443 08

9. Bills receivable

36,240 46

10. Agents' ledger balances.

107,991 74

Total net or ledger assets

36,957,220 10

OTHER ASSETS.

14. Interest due, $80,925.08, and accrued $988,-

266.50, on mortgages

I

15. Interest due and accrued on bonds and

stocks

1,069,191 58 100 00

COMPTROLLER-GENERAL'S REPORT.

351

17, Interest due, $9,027.34, and accrued, $163,550.46, on premium notes, loans or liens. .$
19. Rents due, $2,231.87, and accrued, $407.50, on company's property or lease

172,577 80 2,639 37

Total carried out

$

20. Market value of real estate over cost

21. Market value of bonds and stocks over cost

22. Due from other companies for losses or claims on policies

of this company reinsured

28. Gross premiums due and unreported on policies in force December 31, 1903...$

New Business. Renewals. 271,991 78 % 353,851 18

24. Gross deferred premiums on policies in force December 31, 1903

12,383 02

90,715 41

1,244.508 75 1,822 60 775 00
5,000 00

Totals 25. Deduct loading 45 per cent.
on " new," and 6 per cent, on " renewals "

284,374 80 127,968 66

444,566 59 26,673 99

26. Net amount of uncollected and deferred premiums. . .

156,406 14

417,892 60 $ 574,298 74

28. Total assets, as per the books of the company

38,783,625 19

ITEMS NOT ADMITTED.

Agents' debit balances

%

Bills receivable Ten percent. (10 percent.) reduction from

value of real estate obtained under fore-

closure

Total 9. Total admitted assets

118,283 65 36,240 46
7,627 69 162,151 80
% 38,621.473 39

V.--LIABILITIES.

Net present value of all outstanding poli-

cies in force on the 31st day of December,

1903, computed according to the actua-

ries' table of mortality, with 4 per cent,

interest, and on American experience

table of mortality with Z\ per cent, in-

terest on policies issued subsequent to

December 31, 1900

% 32,387,820 00

Deduct net value of risks of this company

reinsured in other solvent companies. . .. 388,576 00

Net reinsurance reserve.

.$ 31,999,244 00

352

COMPTROLLER-GENERAL'S REPORT.

Claims for matured endowments due and

unpaid

$

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 ma-

tured installment policies (face $220,950)

6,087 00
59,936 00 39,000 00 143,348 00

Total policy claims

$

10. Amount of all unpaid dividends of surplus or other de-

scription of profits due policy-holders.

13. Amount due agents on premium notes when paid

16. Amount of any other liability of the company, viz.:

Premiums paid in advance, $97,036.85; unpaid and de-

ferred premiums on reinsured policies less cost of col-

lection, $37,717.90

248,371 00 21,024 64 193,105 11
134.754 75

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

32,596,499 50 6,024,973 89

19. Total liabilities

$ 38,621,473 39

20. Estimated surplus accrued on tontine or other policies,

the profits upon which are especially reserved for that

class of policies

4,645,291 00

21. Estimated surplus accrued on all other policis

1,379,682 89

Business in Georgia during 1903.
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

No. 2467 1000

Amount. $4,548,326 00
1,639,901 00

Total

3467 6,188.227 00

Deduct number and amount which have ceased to be

in force during the year

435 864,850 00

Total number and amount of policies in force

in Georgia December 31, 1903

3032 5,323,377 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 $
22

Amount. 5,000 00 55,500 00

Total

23

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. .$

60,500 00 60,500 00
180,293 83

COMPTROLLER-GENERAL'S REPORT.

353

UNION MUTUAL LIFE INSURANCE COMPANY OF PORTLAND, MAINE.

FRED E. RICHARDS, President.

J. FRANK LANG, Secretary.

Principal Office, 376 Congress Street, Portland, Maine.

ALBERT M. GUMMING, Macon, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

Amount of net or ledger assets December

31 of previous year

$ 8,993,769 13

Extended at

$ 8,993,769 13

II.--INCOME DURING YEAR 1903.

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 renewal premiums . .

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 run-

ning premiums

4. From surrender values applied to purchase

paid-up insurance and annuities ....

5. Consideration for annuities, other than

matured installment policies

295,417 75
1,601,761 88 2,160 00 28,271 87 31,572 92 4,332 60 12,978 90 3,000 00

Total

$ 1,979,495 98

6. Deduct amount of premiums paid to other

companies for reinsurance on policies in

this company

1,207 33

7. Total premium income

$ 1,978,288 65

8. Cash received for interest on mortgage loans

57,637 66

9. Cash received for interest on bonds owned, and divi-

dends on stock

241,607 20

10. Cash received for interest on premium notes, loans, or

liens

4,995 77

11. Cash received for interest on other debts due the com-

pany

39,542 99

12. Cash received as discount on claims paid in advance. .

340 27

13. Cash received for rents for use of company's property,

including $10,250.00 for company's own occupancy . .

56,602 76

23 in

354

COMPTROLLER-GENERAL'S REPORT.

14. Cash received for profits on sale of bonds or stocks, $2,-

113.72; all other, $498.11

$

19. From all other sources, viz.: Consideration for supple-

mentary contracts not iuvolving life contingences . .

2,611 83 5,000 00

Total income

$ 2,386,627 13

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

S

2. Premium notes, loans, or liens used in pay-

ment of the same

3. Cash paid for matured and discounted en-

dowments, and additions thereto . . .

4. Premium notes, loans, or liens used in the

payment of same

5. Cash paid for sums falling due during the

year on installment policies

601,043 65 4,922 00
162,158 19 4,169 00 3,943 31

7. Total net amount actually paid for losses and matured endowments
8. Cash paid to annuitants ...."... 8^. Collateral loans on policy notes voided by
lapse 9. Premium notes, loans, or liens used in
purchase of surrendered policies and voided by lapse (short time notes) .... 9. Premium notes, loans, or liens used in payment of dividends to policy-holders . 10. Cash divideuds 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 14. Surrender values applied to pay running piemiums 15. Surrender values applied to purchase paidup iusurauce and annuities
Total paid policy-holders 17. Cash paid for commissions and bonuses to
agents (less commission on reinsurance), new policies, $183,898.44 ; renewals, $103,561.96; on annuities (original) $150.00 . . 18. Cash paid for salaries and allowances to managers and agents 19. Cash paid for medical examiners' fees, and inspection of risks 20. Cash paid for salaries and all other compensation of officers and other home office employees

776,236 15 1,26S 95 6,971 76
13,365 92 2,975 00
10,770 96 28,271 87 31,572 92 75,881 54
4,332 60 12,978 96
$
287,610 40 120,024 32 33,432 00
75,442 27

964,626 63

COMPTROLLER-GENERAL'S REPORT.

355

21. Cash paid for taxes on new premiums, ]

renewals, reserves, surance department

investments, infees and agents'

j j

$

licenses; municipal licenses

J '

24. Cash paid for rent, including $10,250.00

company's occupancy

25. Cash paid for commuting commissions . 26. Cash paid for furniture, fixtures and safes
for home and ageucy offices

27. Cash paid for advertising, $7,008.63 ; printing, $26,406.09

28. Cash paid for real estate expenses, other than taxes, $12,741.30 ; for legal expenses,

$5,362.20 29. Cash paid for the following items, viz.:
Postage, $6,744.58 ; taxes on real estate,

$10,150.56 ; profit and loss on sale or ma-

turity of ledger assets, $3,500.00; profit

and loss on real estate, $38,888.00; profit

and loss on mortgages, $5,551.03; miscel-

laneous expenses, $17,859.16; traveling

expenses, orricersand clerks, $1,379.13 .

30. Total disbursements

39,147 53 28,124 32
4,749 45 5,056 13 33,414 72 18,103 50
84,072 46 $ 1,693,803 73

IT.--ASSETS AS PER LEDGER ACCOUNTS.

1. Book value of real estate, exclusive of all iucumbrances . $

2. Loans on mortgage (first liens) ou real estate

3. Loans secured by pledge of bonds, stocks, or other mark-

etable collaterals

/

4. Loans made in cash to policy-holders on this com-

pany's policies assigned as collateral

5. Premium notes, loans, or liens on policies in force, in-

cluding $55,447.11 short time notes taken in settlement

of premiums 6. Book 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 10. Agents'ledger balances ^net)
Cash in transit Dec. 31,1903 (since received)

1,282,002 93 1,151,622 22
647,056 11
121,045 66
148,229 11
6,146,673 06 495 28
179,347 27 1,894 25 6,207 45 2,019 19

13. Total net or ledger assets



* 9,686,592 53

OTHER ASSETS.

14. Interest due, $35.75, and accrued, $17,597-

.63, on mortgages

$

15 Interest due, and accrued, on bonds and

' stocks

17,633 38 39>487 8

356

COMPTROLLER-GENERAL'S REPORT.

16. Interest due and accrued on collateral

loans

$

17. Interest due, $2,886.73, and accrued, $2,224-

.68, on premium notes, loans, or liens . .

18. Interest due, $671.48, and accrued, $3,428.13,

on other assets

19. Rents due, and accrued, on company's

property or lease

2,728 60 5,111 41 4,009 (il 2,902 36

Total carried out 21. Market value of bonds and stocks, book cost

71,961' 44 235,960 41

23. Gross premiums due and unreported on policies in force December 31, 1903 .... $
24. Gross deferred premiums on policies in force December 31, 1903

New Business.

Renewals.

50,244 79 $ 119,825 93

29,098 21 115,488 05

Totals 25. Deducting loading 20 per cent.
on "new," and 20 per cent. on "renewals"

79,343 00 235,313 98 15,868 60 47,062 79

26. Net amount of uncollected and deferred premiums . .

(i:',,474 40 188,251 19

251,725 59

Total

10,246,b37 47

Torborne premiums to be deducted in settlement of

policy claims, included in liabilities

348 25

28. Total assets

$ 10,246,589 22

ITEMS NOT ADMITTED.

5. Agents' balances

$

7. Bills receivable (and interest, S265.98) ..

Total

9. Total admitted assets

6,207 45 2,160 2;!
8,367 68
$10,233,221 54

V. -- LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, as computed according to

the actuaries' table of mortality with

4 per cent, interest, prior to January 1,

1901, since by American table, 3 percent.$ 9,548,523 CO

Deduct net value of risks of this company

reinsured in other solvent companies . .

3,445 00

Net reinsurance reserve

4. Claims for matured endowments due and

unpaid

. $

? 9,545,07S on 4,968 47

COMPTROLLER-GENERAL'S REPORT.

357

5. Claims for death losses and matured endowments in process of adjustment or

adjusted and not due

$ 85,544 22

6. Claims for death losses and other policy claims resisted by the company. ....

3.50O 00

8. Present value of unpaid amounts on matured installment policies (face $37,578-
21)

29,233 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, $3,128.52 ; unpaid bills, $1,000.00

Contingent reserve

123,240 69
5,334 23
4,128 52 9"1x 00

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account

9,677,802 44 568,786 78

19. Total liabilities.

$ 10,246,589 22

WASHINGTON LIFE INSURANCE COMPANY, NEW YORK, N. Y.

W. A. BREWER, JR., President.

GRAHAM H. BREWER, Secretary.

Principal Office, 141 Broadway, New York City.

THOMAS PETERS, Atlanta, Attorney for Service'in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital stock paid

upincash

$ 125,000 00

Amount of net or ledger assets December

31 of previous year

$ 16,013,483 98

Extended at

$16,013,483 98

XIi--INCOME DURING YEAR 1903.

1. Cash received for premiums on new policies,

without deductions for commissions or

other expenses



1J. Cash received for renewal premiums,

without deductions for commissions or

other expenses

3. From dividends applied to pay running pre-

miums 3J. From dividends applied to purchase paid-up
additions and annuities
4J. From surrender values applied to purchase paid-up insurance and annuities
5. Consideration for annuities, other than
matured installment policies

7. Total premium income

432,786 68
2,080,291 18 57>47857 98,972 00 93,160 62 26-400 3 * $

2,'789,'089 08

358

COMPTROLLER-GENERAL'S REPORT.

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 policy loans or liens

11. Cash received for interest on otherdebts due the company

12. Cash received as discount on claims paid in advance

13. Cash received for rents for use of company's property, in-

cluding $50,000 for company's own occupancy

19. From all other sources

....

394,481 30
13,453 00 87,522 51 13,958 37 3,140 61
374,285 50 325 44

Total income

$ 3,676,255 81

III.--DISBURSEMENTS DURING YEAR 1903.

1. Cash paid for death claims, including re-

visionary additions

$

3. Cash paid for matured endowments, and

additions thereto

7. Total net amount actually paid for losses and matured endowments
8. Cash paid to annuitants 9. Return premiums 11. Cash dividends applied to pay running pre-
miums 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

916,689 10
952,466 86
1 ,869,155 96 58,372 28 8,702 63
57,478 57
98,972 00 128,207 08
93.160 62

Total paid policy-holders

If, Cash paid stockholders for interest or divi-

dends

17 Cash paid for commissions and bonuses to

agents (less commission on reinsurance):

New policies $231,552.42; renewals, $130,-

619.38

$

18. Cash paid for salaries and allowances to

managers and agents

lii Cash paid for medical examiners' fees, $47,-

268.16 ; inspection of risks, $4,446.77

20 Cash pai 1 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, $2,263.26;

on real estate, $54,523.98

23. Cash paid for insurance department fees

and agents' licenses

24. Cash paid for rent, including $50,000, com-

pany's occupancy

8,750 00
362,171 8 1 162,345 41 51,714 93
120,724 54 34,228 15 56,787 24
9,936 01 76,658 25

2,314,049 14

COMPTROLLER-GENERAL'S REPORT.

359

25. Cash paid for commuting commissions $ 26. Agency supervision 27. Cash paid for advertising, $7,926.63; print-
ing, $7,702.10 ; postage, $14,235.47 28. Cash paid for real estate expenses other
than taxes, $111,012.19; for legal expenses, $3,924.16 29. Cash paid for the following items, viz.: Office expenses, $26,708.03; interest, $4,523.76; profit and loss, $13,924.94; total.
Total miscellaneous expenses
30. Total disbursements.

18,737 51 28,147 47 29,864 20
114,936 35
45,156 73 $ 1,120,158 59 .$ 3,434,207 73

IV.--ASSETS AS PER LEDGER ACCOUNTS.

1. Cost value of real estate, exclusive of all incumbrances..$ 6,142,882 22

2. Loans on mortgage (first liens) on real estate

7,768,750 00

3. Loans secured by pledge of bonds, stocks, or other marketable collaterals

28,000 00

4. Loans made in cash to policy-holders on this company's

policies assigned as collateral

1,473,246 78

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



10 Agents' ledger balances

'

Furniture

_

388,090 58 58,097 80
367,975 29 19,603 37 8,886 02

11. Total net or ledger assets

16,255,532 06

OTHER ASSETS.

14. Interest due,' ;,988.32, and accrued, $56,-

584.62, on mortgages

$

15. Interest due and accrued on stocks and

bonds 17. Interest due, $8,757.40, and accrued, $16,-

254.40, on policy loans or liens 19. Rents due, $2,646.26, and accrued, $14,586.66,

on company's property or lease



Total carried out 21. Market value of real estate over cost

23. Gross premiums due and un-

reported on policies in force

December 31, 1903

$

New Business. 64,275 07 $

24. Gross deferred premiums on policies in force December 31, 1903

25,650 41

Totals

89,925 48

85,572 94 854 17
25,011 80 17,232 92
Renewals. 27,520 26
195,927 53 223,447 79

128,671 83 375,857 53

360

COMPTROLLER-GENERAL'S REPORT.

25. Deducting loading, 20 per

cent, on ''new" and 20 per

cent, on "renewals"

$

26. Net amount of uncollected and deferred premiums ...

17,985 09 S 71,940 39

28. Total assets, as per the books of the company

44,689 56
178,758 23 $ 250,698 62 17,010,760 04

ITE5IS NOT ADMITTED.

2. Furniture, fixtures and safes

$

5. Agents' balances

8. Depreciation in value of bonds

Total

9. Total admitted assets

8,886 02 19,603 37 18,385 00
46,874 39
$ 10,963,885 65

V.--LIABILITIES.

1. Net present value of all the outstanding

policies in force on the 31st day of De-

cember, 1903, computed according to the

actuaries' table of mortality, with four

per cent, interest

$ 16,173,047 00

Net reinsurance reserve

$ 16,173,047 00

4. Claims for matured endowments due and

unpaid

if 26,900 13

5. Claims for death losses and matured endowments in process of adjustment or adjusted and not due

63,013 50

6. Claims for death losses reported only

53,234 00

Total policy claims 16. Amount of any other liability of the company, viz.: Pre-
miums paid in advance

143,147 63 8,531 30

17. Liabilities on policy-holders' account 18. Gross surplus on policy-holders' account
19. Total liabilities

16,324,725 93 639,159 72
$ 16,963,885 65

Business in Georgia during 190.1.

No.

Amount.

Number and amount of policies on the lives of citizens

of Georgia in force December 31 of previous year 569 8 939,476 00

Number and amount of policies on the lives of citizens

of Georgia issued during the year

79 156,735 00

Total

648 1,096,21100

Deduct number and amount which have ceased to be

in force during the year

94 184,470 00

Total number and amount of policies in force

in Georgia December 31, 1903

554

No.
Amount of losses and claims on policies in Georgia in-

curred during the year

10

Amount of losses and claims on policies in Georgia

paid during the year

10

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 $

911,741 00
Amount.
13,155 00 13,155 00
33,235 82

COMPTROLLER-GENERAL'S REPORT.

361

AMERICAN FIRE INSURANCE COMPANY, ATLANTA, GA.

M. T. LA HATTB, President.

W. W. FOREACHE, Secretary.

Principal Office, 309 Temple Court, Atlanta, Ga.

W. W. FOREACRE, Attorney for Service in Georgia.

ASSETS.

Guarantee fund Paid in above

$

5'000 00

^ 80

Balance guarantee fund

$

3>TM 8

Cash on hand

-

Total available cash assets

*

3>590 80

RECEIPTS AND DISBURSEMENTS.

Premiums on policies Guarantee fund

$

571

1'920 80

2,492 00

,,. .
?OfIfiacneer8eVnt

fOffitcie0TfutIures

'

Licenses, etc Miscellaneous.

1,367 87
8000
i2i g5
IOOOO QO
171 28 1,98100

,,Cashv. on ih. andA

2 541912 0000

POLICIES WRITTEN.

Tmo DTM ecemvb. er 3Q1I , 1io9n03s

.1

Lapses

Policies in force December 31, 1903..

Greatest insured in any one risk

Risks.

Premiums.

^ 31,400

00
QQ

$

,

571 20

9,050 00

'

ATHENS MUTUAL FIRE INSURANCE COMPANY OF ATHENS, GA.

H. H. CARLTON, President.

A. L. BROOKS, Secretary.

Principal Office, 32 Clayton Street, / thens, Ga.

II.--ASSETS.

13. Cash belonging to the company deposited in Athens

Savings Bank

;;-

' "'

14. Amount of premium notes upon which policies have

been issued

947 05 2,128 62

362

COMPTROLLER-GENERAL' S REPORT.

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

lected collectable premiums and premium notes

if

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

inland risks, guarantee reserve fund

Total assets of the company, actual cash market

value

<j

30S 55 2,500 00 5,727 72

III.--LIABILITIES.

7. Gross premiums without any deductions,re-

ceived and receivable upon all unexpired

Are risks running one year or less from

date of policy, 84,414.83; unearned pre-

miums (fifty per cent) .

$ 2 207 41'a

14. Amount of dividends declared but not yet due

' ~.$

23. Surplus beyond capital and all other liabilities

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

1,064 31 3,594 10
4,65S 41

IV.--INCOME DURING THE YEAR.

On Fire Risks 7. Entire premiums collected during the

year: Cash, $2,286.21; notes, $2,128.62,. . .$ 4,414 83

9. Net cash actually received for premiums

(carried out)-

1,593 28

15. Aggregate amount of income actually received during

the year in cash

^

1,593 28

V. EXPENDITURES DURING THE YEAR.

Oil Fire Risks.

3. Net amount paid during the year for losses $

5 00

6. Paid for commissions or brokerage

if

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

clerks, agents anil all other employes.

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

States

9. All other payments and expenditures, viz.:

Aggregate amount of actual expenditures during the year

in cash

$

540 88 327 29 39 82 279 12
1,187 11

Business in the State of Georgia during the Year.
Risks written Premiums received (gross). Losses paid

Fire. 241,950 00
4,414 83 5 00

COMPTROLLER-GENERAL'S REPORT.

363

AMERICAN ASSURANCE ASSOCIATION.

H C. BEERMANN, President.

E. P. BURNS, Secretary.

HAMILTON DOUGLAS, Century Building, Atlanta, Attorney for service in Georgia.

Principal Office, 710, 711, 712, Gould Building, Atlanta, Ga.

II.--INCOME DURING YEAR 1903.
Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses, as

1. Membership fees 3. Assessments, weekly

Totalincome

*

HI,--DISBURSEMENTS DURING YEAE 1903.

1. Losses and claims

$

2. Annual payments and assessments returned

3-760 36

to members

_ _____

Total paid to members

3 Commissions and fees retained by or paid

toagents 4. Commissions and fees retained by or paid

to officers and directors

_

6. Medical examiner's fees, whether paid di-

rect by members or otherwise

7. Salaries and other compensation of officers

and other office employees

8. Rent, taxes, commuted commissions

10. Advertising, blanks and printing

^

T-,otal, expenses

Total, d,.isb_ ursementts

$
7'018 34 711 26
780 00
208 00 180 00 _______

6. C,,ash_ i n off?ice

IV.--INVESTED ASSETS.

8. Agents' ledger balances

... f

Total net or ledger assets

V.--CONTINGENT ASSETS.

19. Weekly payments of premiums due and un-

paid on memberships in force

$

20. Annual payments or premiums in process

of collection not yet due

2/4 60 14'974 80

21. Total due from members 22. Deduct estimated cost of collection
23. Net amount due from mem,bers
T_,otal, assets

15,249 40 3,049^88
.$

g()
; ^263 60
3,777 76
0,;386 67 13,164 43
416936 3500
12,;199 52 12,859 32

364

COMPTROLLER-GENERAL'S REPORT.

VI. LIABILITIES.

8. To officers or others for advances on account of expenses

of organization

$

Total liabilities

if

1,488 73 1,488 73

Total Business of 1903.

Number. Policies or certificates in force December 31,

1902

3726

Policies or certificates written during the year

1903

5764

Total Deduct number and amount which have ceased
to be in force during 1903

9490 5322

Total policies or certificates in force December 31,1903
Losses and claims on policies or certificates incurred during 1903

4168 989

Losses and claims on policies or certificates

paid during year

989

Amount. ? 153,700 00
197,590 00 $ 351,290 00
184,360 00
% 166,930 00 3,760 36
$ 3,760 36

COMMONWEALTH INSURANCE COMPANY, ATLANTA, GA.

A. V. TOOLE, President.

BYRON BURCH, Secretary.

Principal Office, Atlanta, Ga., Temple Court.

W. I. HEYWOOD, Atlanta, Attorney for Service in Georgia.

CONTINENTAL AID ASSOCIATION OF ATLANTA, GEORGIA.

B. M. CROSS, President.

LEROY SMITH, Secretary.

Principal Office 424-426 Temple Court Building, A'lanta, Ga.

C. L. PETTIGREW, Atlanta, Attorney for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31 of previous

year

.,,,

$

758 12

COMPTROLLER-GENERAL'S REPORT.

365

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:

Membership fees

?

Annual dues

421 SO 3,858 74

Total paid by members Cash received from all other sources, viz.: Donations
from officers

Total income

HI.--DISBURSEMENTS DURING YEAR.

Losses and claims

* '

945 74

Annual payments and assessments returned to members

10 55

Total paid to members Commissions and fees retained by or paid
to agents Salaries and traveling expenses of mana-
gers of agencies, and general, special and local agents Rent, $343 85 ; taxes, if 107.24 Ki. Blanks and printing 11. All other items, viz.: Miscellaneous expenses Loss and gain
Total expenses
Total disbursements

832 45
3,231 73 451 09 55 50
285 60 56 15
...$ ..$

IV,--INVESTED ASSETS.

Loans on bond and mortgage (first liens) on real estate. .1

Cash in office

"

All other ledger assets, viz.: Furniture and fixtures _

Total net or ledger assets

y.--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

,

21. Total due from members

22. Deduct estimated cost of collection

^

*

23. Net amount due from members

Total assets

151 80
3,946 80 4,098 60
819 72 _ *

4,280 54 1,529 54 5,810 08
956 29
4,912 52 5,868 81
500 00 108 93 158 07 767 00
3,278 88 4,045 88

366

COMPTROLLER-GENERAL'S REPORT.

VI.--LIABILITIES.
6. For salaries, rents and office expenses Total liabilities

$

67 61

$

67 61

Business in Georgia during 190S.

Policies or certificates in force December 31,

Number.

1902

1360$

Policies or certificates written during the year 1903. .. 3700

JMmunt.
44,106 75 134,140 00

Total

5360

Deduct number and amount which have ceased to be

in force during 1903

4104

Total policies or certificates in forceDec.31,1903 1256

178,246 75
136,896 75 41,350 00

Losses and claims on policies or certificates incurred

during the year 1903

372

945 74

Losses and claims on policies or certificates paid during

the year 1903

372

945 74

COTTON MILL MUTUAL FIRE INSURANCE COMPANY OF AUGUSTA, GA.

JAMES P. YERDERY, President.

PELEG A. RHODES, Secretary.

II. -- ASSETS.
11. Total amount loaned, stocks, bonds and all other securities 13. Cash belonging to the company deposited in bank:
National Exchange Bank, f 1,645.16; Planters Loan & Savings Bank,f2,334.71; Augusta Savings Bank, $2,000.00 15. Interest due and accrued on stocks not included in " market value " uncollected 16. Interest due and accrued on collateral loans and uncollected 17. Cash in hands of agents and in course of transmission... . Contingent fund
Total assets of the company, actual cash market value
III.--LIABILITIES.
1. Losses due and unpaid (estimated). 7. dross premiums without any deduction,
received and receivable upon all unexpired fire risks running one year or less from date of policy, $14,475 31; unearned premiums (fifty per cent.)

2,500 00
5,979 87 47 55 50 00
1,308 06 72,376 50 82,261 98
629 90
7,237 65

COMPTROLLER-GENERAL'S REPORT.

367

12. Net premiums reserve and all other liabilities, except capital under the life insurance or any other special
department
Total amountof all liabilities, except capital stock, scrip and net surplus
23. Surplus beyond capital and all other liabilities 24. Aggregate amountof all liabilities, including capital paid
up and net surplus

7,237 6
15,105 20 67,156 78 82,261 98

IV.--INCOME DURING THE YEAR.

Fire Risks.

Gross premiums on risks written and re-

newed during the year

14,475 31

Deduct premiums and bills in course of col-

lection at this date

1,308 06

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

13,167 25 232 36

9, Net cash actually received for premiums

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

V.--EXPENDITURES DURING THE YEAR.

Fire Risks.

Deduct all amounts actually received for

salvages (whether on losses of the last or

of previous year), and all amounts actu-

ally received for reinsurances in other companies.

56 41

Net amount paid during the year for losses

Cash dividends actually paid stockholders

, Paid lor 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

All other payments and expenditures

_

Aggregate amount of actual expenditures during the year in cash

Business in the State of Georgia during the year.

Risks written Premiums received (gross).

12,934 89 12,934 89
56 41 140 36 2,416 62 ' 93 10 1,363 55 4,070 04
Fire.
336,310 00 2,676 65

36S

COMPTROLLER-GENERAL'S REPORT.

EMPIRE MUTUAL ANNUITY AND LIFE INSURANCE COMPANY.

G. H. TANNER, President.

WM. W. REID, Secretary.

Principal Office, 510-514 Peters Building, Atlanta, Ga.

G. H. TANNER, Atlanta, Attorney for Service in Georgia.

I.--BALANCE SHEET.
Amount of net or ledger assets December .'51 st of previous year, if 72,672 40

II.--INCOME DURING YEAR 1903.

1. First year's premiums 2. Renewal

$ 32,218 87 21,668 63

Total paid by members 5. Interest

Total income

<js

53,8S7 50 954 44
54 841 94

III.-- DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims

$

2. Annual payments returned to members. ..

i 350 00 549 55

Total paid to members



:'.. Commissions and fees retained by or paid

to agents

17il0o 65

5. Salaries and traveling expenses of mana-

gers of agencies, and general, special and

local agents 6. Medical examiners fees, whether paid di-

4)548 34

rect by members or otherwise

2,448 16

7. Salaries and other compensation of officers

and other office employees

2 912 (ill

s. Rent, $981.66; taxes, $432.71

1,414 37

9. Advanced to officers and agents

to be repaid out of future sal-

aries or commissions

$ 3,275 30

Less amount returned by agents 1,163 83

2,108 47 10. Advertising, $1,024.83; blanks and printing,

*liss-51 11. All other items, viz.: Licenses and fees.. .

1,713 34 747 51

Office expense, stamps, telegrams and ex-

l,ress Billspayable

806 70
l>m 35

Total expenses

~7~.~~

Total disbursements

$

1 899 55
35,4S1 55 37 3SM0

COMPTROLLER-GENERAL'S REPORT.

369

IV.--INVESTED ASSETS.

5. Oost value of bonds and stocks owned absolutely

$

6. Cash in office and bank 7. Cash deposited in banks on reserved fund account: Ad-

vance reserve fund created by the deposit of securities

for the purpose of guaranteeing any installments of

death claims accruing prior to January 1, 1905

Office furniture 8. Agent's ledger balances and premiums in process of col-

lection 9. Premium notes on policies in force

10. Total net or ledger assets

21,937 50 7,259 68
25,000 00 1,158 90
24,145 58 10,631 58 90,133 24

V.--CONTINGENT ASSETS.

12. Interest due, $1,004.63, and accrued, $82.74. .

19. Annual payments or premiums due and un-

paid on membership in force, premiums

less than three months overdue

$

20. Annual payments or premiums in process of

collection not yet due, deferred premi-

ums

Total due from members

$

Deduct estimated cost of collection, 5 per

cent

Net amount due from members

5,960 35
4,188 53 10,148 88
507 44

1,087 37 9,641 44

Total assets.

$ 100,862 05

VI.--LIABILITIES.

1. Losses due and unpaid, present value of future payments on installment policy, claims discounted at

four per cent

*

8. To officers and others for advances on account of expenses

of organization 9. Amount of all other liability, viz.: Reserve liability on
all policies in force to December 31, 1903, Amn. Exp.

tables and 4 per cent

Total liabilities

.$

7,754 53 3,676 15
34,148 74 45,579 42

Business in Georgia during 1903.

No.
Policies or certificates in force December 31, 1902 465 Policies or certificates written during the year 1903 318

Total

783

Amount.
1,197,500 00 761,800 00
1,1)59,300 00

370

COMPTROLLER-GENERAL'S REPORT.

Deduct number and amount which have ceased to be in force during 1903
Total policies in force December 31, 1903
Losses and claims on policies or certificates incurred during the year 1903
Losses and claims on policies or certificates paid during the year 1903

151

379, 000 00

632

1,580,300 00

3 3 $

1,300,00 1,300 00

THE EMPIRE INDUSTRIAL INSURANCE ASSOCIATION OF ATLANTA, GA.

H. N. NBWCOME, President.

J. S. FLIPPER, Secretary.

Principal Office, 158 Auburn Avenue, Atlanta, Ga.

J. S. FLIPPER, Atlanta, Attorney for Service in Georgia.

IV.--INVESTED ASSETS.
Deposits: Atlanta National Bank

$110 00

FARMER'S CO-OPERATIVE FIRE INSURANCE COMPANY OF GEORGIA, GRIFFIN, GA.

A. W. WALKER, President.

JHO. T. GOODMAN, Secretary.

The Farmers' Co-operative Fire Insurance Company is strictly co-operative on the assessment plan on its members, and carries a lien on all the property carried in the policies of its members for each member's pro rata of all losses and expenses in its respective division.

I.--CAPITAL.
1. Whole amount of capital stock co-operative on assessment plan.

II.--ASSETS.

1. 1,982 policies ; total amount

12. Cash in company's principal office

$

17. Cash in hands of agents and in course of

transmission

$ 1,628,632 00 82 13
9 85

Total assets of the company, actual cash market value

91 98

III.--LIABILITIES.

2. Gross losses in process of adjustment or in suspense, in-

cluding all reported and supposed losses

$

20. Total amount of all liabilities

1,150 00 1,150 00

COMPTROLLER-GENERAL'S REPORT.

371

IV.--INCOME DURING YEAR.

On Fire Risks.
4. Gross premiums on risks written and re-

newed during the year

$ 2,058 72

6. Assess.nent for losses

3,627 00

8. Cash for premiums in agents' hands and

transmission

9 58

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

15. Aggregate amount ol income actually received during the

year in cash

$

5,695 30 5,695 30

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

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

States, and fees

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

tising and incidentals

Aggregate amount of actual expenditures during the year in cash

3627 00
1,805 28
40 00
131 4 5,603 32

Business in the State of Georgia during the year.

Risks written

$

Premiums received (gross)

Losses paid

Losses incurred

Fire Bisks.
411,764 00 2i058 82 3-627 00 4,777 00

GEORGIA COOPERATIVE FIRE ASSOCIATION OF AUGUSTA, GA.

DR. W. F. REID, President.

Enw. A. SMITH, Secretary.

Principal Office, 201 Mclntosh Street, Augusta, Ga.

ROBT. M. HITCH, Savannah, Attorney for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31st of previous

year

*

II.--INCOME DURING YEAR 1903.

1. Membership fees, )

2. Annual dues

Class C and B



3. Assessments

7. Cash received from all other sources

Total income

771 2
16,228 26 70 00
16,298 26

372

COMPTROLLER-GENERAL'S REPORT.

DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims

$ !

2. Annual payments and assessments re-

turned to members--Class A

3,125 98 100 00

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 local agents 7. Salaries and compensation of officers and other office employees 8. Rent, $612.30; taxes, $431.14 10. Advertising, blanks and printing

$ 4,641 57
570 13 5,625 47 1,043 44 1,121 77

Total expenses

Total disbursements

$

3,225 98
13,002 38 16,228 36

IV.--INVESTED ASSETS.

Deposits : National Exchange Bank

$

Twenty-eight notes

8. Agents' ledger balances

9. All other ledger assets, viz.: Charter, $125; office fixtures,

$561.30; printing material, estimated, $300; ledger ac-

count, Wilcox, $40.00

Total net or ledger assets.

V.--CONTINGENT ASSETS.

17. Mortuary assessments due and unpaid on

memberships in force : Weekly, $595.70;

monthly, $287.40

s

18. Mortuary assessments not yet due: Weekly

debit $253.65, annual

19. Annual payments or premiums due and un-

paid on memberships in force- Monthly

debit, $1,177.85, annual

21. Total due from members 22. Deduct estimated costof collection, advance
payment monthly $1,167.85, 10 and 25 per cent

23. Net amount due from members Total assets

882 10 12,189 80
14,131 80 27,204 70
5,628 48
*

VI.--LIABILITIES.
2. Losses in process of adjustment, or adjusted and not due.:?

Total liabilities

$

700 92 140 00 20 00 1,026 30 1,887 22
21,576 22 23,463 44
1,189 00 1,189 00

COMPTROLLER-GENERAL'S REPORT.

373

Business in Georgia during 1903. Policies or certificates in force December 31, 1902

No.
1762 $

Policies or certificates written daring year 1903 :

Monthly C

1634

Weekly B

2049

Total policies in force December 31, 1903 .... 3683

Losses and claims on policies or certificates paid

during the year 1903

71

Amount.
470 25
1,177 65 253 65
1,431 30
3,125 98

GEORGIA INDUSTRIAL INSURANCE COMPANY, OF ATLANTA, GA.

M. C. WILCOX, President.

T. J. BROWNE, Secretary.

Principal Office, 220 Temple Court, Atlanta, Ga.

W. I. HEYWAED, Atlanta, Attorney for Service in Georgia.

I,--BALANCE SHEET.

Amount of net or ledger assets December 31 of previous

year

$



II.--INCOME DURING THE YEAR.

2. Annual dues or premiums

$

7. Cash received from all other sources, viz.: Collected and carried over on last year's accounts

Total income

65,491 95
L815 6
105 50
1,920 56

III.--DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims

$

3 Commissions and fees retained by or paid to agents and

brokers 7. Salaries and other compensation of officers and other

office employees 8o. RT> ent,. 9. Fees insurance department

11. All other items, viz.: Postage and express, |187; return

premiums, $63.77 .._

;

Total disbursements

$

IV.--INVESTED ASSETS.

6. Cash in office and in hands of treasurer

$

10. Total net or ledger assets as per balance

Total net or ledger assets

119 60
726 21 75 00
240 00
1>544 5S
375 98 65'867 9j 66>243 91

374

COMPTROLLER-GENERAL'S REPORT.

V.--CONTINGENT ASSETS.

16. Due from members for claims not yet assessed, contingent liabilities per by-laws $
19. Annual payments or premiums due and unpaid on memberships in force
21. Total due from members

43,743 60 7.428 42

Total assets

$

51,172 02 117,415 93

VI.--LIABILITIES.
3. Losses reported for which assessments have not been made, estimated
4. Losses resisted by the company about

Total liabilities

$

950 00 800 00
1,750 00

Business in Georgia during 190S.

Number

Policies or certificates in force December 31, 1903

248

Policies or certificates written during the year 1903. .. 248

Amount. 173,555 00 173,555 00

Deduct number and amount which have ceased to be

in force during 1903

18

19,425 00

Total policies in force December 31, 1903

230

Losses and claims on policies or certificates unpaid

December 31, 1903, estimated

2

Losses and claims on policies or certificates incurred

during the year 1903

4

154,130 00 980 00

Total, estimated

4

Losses and claims on policies or certificates paid during

the year 1903

2

980 00 30 00

GLOBE CO-OPERATIVE FIRE INSURANCE COMPANY OF ATLANTA, GEORGIA.

G. S. SCOFIBLD, President.

F. M. SCOFIELD, Secretary.

Principal Office, 413 Empire Building.

F. M. SCOFIELD, Atlanta, Attorney for Service

COMPTROLLER-GENERAL'S REPORT.

375

HOME FRIENDLY SOCIETY, BALTIMORE .MD.

GEO. A CHASE, President.

B. L. TALLEY, Secretary.

Principal Office, 100 W. Fayette St., Baltimore, Md.

GEO L. DEGAKT, Atlanta, Attorney for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31st of previous

year

$

II.--INCOME DURING YEAR 1903.

Gross amount paid by members to the association or its

agents without deductions for commissions or other ex-

penses, as follows:

1. Membership fees

$

741 85

3. Assessments

266,728 28

4. For stationery and duplicate

172 01

47>194 80

Total paid by members
5. Interest 6. Rents 7. Cash received from all other sources, viz:
Agents' advance returned
Agents' bond

$ 267,642 14
215 00 3>628 14

385 16

_

352 00

Total income

$ 272,222 44

III.--DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims (detailed schedule filed) $ 2. Annual payments and assessments returned
to members and dividends paid

131,222 39 1,341 00

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 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, $3,206.25 ; taxes, $3,630.60
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.: Interest, $341.85;
building expense, $5,706.46; postage, $427.05; expense account, $2,462.51; attorney fees, $235.00; furniture, $101.25

54-106 51

132,563 39

25,478 56
2>622 50
26,800 80 6,836 85
689 40 3,634 08

9,274 12

Total expenses

.

_126'442 82

Total disbursements

262,006 21

376

COMPTROLLER-GENERAL'S REPORT.

IV.--INVESTED ASSETS.

1. Cost value of real estate in cash, exclusive of all incum-

brances

$

5. Cost value of bonds and stocks owned absolutely

6. Cash in office

All other deposits: Old Town Bank

On deposit at agencies

Total net or ledger assets

29,923 89 11,640 00 1,581 53 12,924 61
1,341 00
57,411 03

V.--CONTINGENT ASSETS.

12. Interest due

13. Rents due, $180.00 and accrued, $100.00

14. Market value of real estate over cost

15. Market value of bonds and stocks over cost

17. Mortuary assessments due and unpaid on

memberships in force

$

22. Deduct estimated cost of collection

23. Net amount due from members

Total assets

VI.--LIABILITIES.
1. Losses due and unpaid

Total liabilities

4,012 03 60 18
$

285 00 280 00 14,486 11 647 50
3,951 85 74,061 49

$ 1,000 0

S

1,000 00

Business in Georgia during 1903.

No.

Policies or certificates in force December 31, 1902

2989 $

Policies or certificates written during the year 1903 1108

Total

4097

Deduct number and amount which have ceased to

be in force during 1903

928

Total policies in force December 31, 1903 ... 3169

Losses and claims on policies or certificates incurred

during the year 1903

1906

Losses and claims on policies or certificates paid

during the year 1903

1906

Amount.
216,060 00 77,560 00 293,620 00
71,790 00 221,830 00
7,910 99
7,910 99

COMPTROLLER-GENERAL'S REPORT.

377

INDUSTRAL LIFE INSURANCE ASSOCIATION OF GEORGIA.

J. J. BUEOH, President.

JOHN W. HARRIS, Secretary.

Principal Office, Elberton, Georgia.

II.--INCOME DURING YEAR 1903.

Gross amount paid by members to the association or its agents without

deductions for commissions or other expenses, as follows:

,. _

ifc

1. Membership fees

l.yus zo

Total income

$ T

1,908 25

in,--DISBURSEMENTS DURING YEAR 1903.

3. Commissions and fees retained by or paid to agents

$

8. Rent, $56.00; taxes, $46.00



9. Advanced to officers and agents to be repaid out of future

salaries or commissions
10. Advertising, $15.00; blanks and printing, $139 60 . 11. All other items, viz.: Office furniture and supplies, $60.00 ;

organization expenses (charter) $100

Total disbursements

954 12 102 00
125 00 154 60
160 00
1,495 72

IV.--INVESTED ASSETS.

Cash deposited in Citizens Bank for mortuary fund.... $

8. Agents' ledger balances

_

Total net or ledger assets

416 00 125 00
541 00

VI.--LIABILITIES. 8.' To officers or others for advances on account of expenses
of organization Total liabilities

3 47 3 47

Business in the State of Georgia during the Year,

Policies or certificates in force December 31, 1903. . 416

Policies or certificates written during the year

Deduct number and amount which have ceased to be

20

in force during 1903

_

Total policies in force December 31, 1903.

416

416 00 436 00
20 00 416 00

378

COMPTROLLER-GENERAL'S REPORT.

INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY OF ATLANTA, GA.

J. A. MCEACHERN, President.

I. M. SHEFFIELD, Secretary.

Principal Office, 503-509 Austell Building.

MCELREATH & MOELREATH, Atlanta, Attorney for Service in Georgia.

i.--BALANCE SHEET.

Amount of net or ledger assets December 31st of previous

year

$

11,360 74

II.--INCOME DURING YEAR 1903.

Gross amount paid by members to the association or its

agents without deductions for comm ssions or other expenses, as follows:

1. Membership fees

$ 12 421 95

2. Annualdues

281,34130

Total paid b/ members 5. Interest 7. Cash received from all other sources, viz.:
On mortgages
Total income

293,763 25 470 00
5,500 00 $ 299,733 25

III.--DISBURSEMENTS DUKING YEAR 1903.

1. Losses and claims (detailed statement

filed): Weekly Indemnity No. 29355, $68,-

165.55; deaths,955, $13,852.75

$

2. Annual payments and assessments returned

to members

82,018 30 1,403 60

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 manag-
ers 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, $4,429.55; taxes, $2,628.18 10. Advertising, $355.56 ; blanks and printing, $3,402.45

$ 134,499 03 55,752 65
4,419 66 1,011 00 3,410 00 7,057 73 3,758 01

83,421 90

COMPTROLLER-GENERAL'S REPORT.

379

11. All other items, viz.: Postage and express,

$1,301,73; furniture, $842.91; telephone

and telegraph,$150.93; attorney, 11,290.85 ;

sundries, $847.02

3

Total expenses.

Total disbursements .

4,433 44 .$

214,341 52 297,763 42

IV---INVESTED ASSETS.

5. Cost value of bonds and stocks owned absolutely

i

6. Cash in office All other deposits, viz.: Third National Bank, Atlanta,

$444.74 ; Maddox-Rucker, $1,072.75; Carolina Trust Co.,

Raleigh, N. 0., $500.00

9. All other ledger assets, viz.: Loaned the Ga. Loan Co...

10. Total net or ledger assets

6,000 00 1,313 08
2,017 49 4,000 00 13,330 57

V,--CONTINGENT ASSETS.

15. Market value of bonds and stocks over cost. 20. Annual payments or premiums in process
of collection not yet due paid weekly. .. .$ 22. Deduct estimated cost of collection, 20 per
cent

191,769 50 38,353 90

23 Net amount due from members 24. All other assets, viz.: Furniture, $5,112.00; books and
printing, $2,000.00

Total assets

.$

570 00
153,415 60 7,112 00
174,428 17

VI.--LIABILITIES.
9. Amount of all other liabilities, viz.: Printing.

$ 1,580 00

Business in the State of Georgia during the Year.

No.

Amount.

Policies or certificates in force December 31,1902... .35981 $ 1,799,050 00

Policies or certificates written during the year 1903. .48t7o 2,408,750 00

Total.

.84156

Deduct number and amount which have ceased to be

in force during 1902.

43512

4,207,800 00 2,175,600 00

Total policies in force December 31, 1903. .40644 2,032,200 00

380

COMPTROLLER-GENERAL'S REPORT.

LABORERS' LIFE INSURANCE AND INDUSTRIAL AID ASSOCIATION, BUENA VISTA, GA.

W. C. SINGLETON, President.

T. B. RAINEY, Secretary.

Principal Office, Buena Visia, Ga.

I.--BALANCE SHEET.

Amount of net or ledger assets, December 31st of previous

year

$

500 00

II.--INCOME DURING YEAR 1903.
1. Membership fees 2. Annual dues
Total income

$

140 75

719 35

$

860 10

III.--DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims

$

3. Commissions and fees retained by or paid to agents

8. Taxes

10. Advertising, $11.85; blanks and printing, $62.00; total.. .

Total disbursements

$

136 00 597 15
40 00 73 85
847 00

IV.--INVESTED ASSETS.
6. Cash in office Deposits: Buena Vista Loan and Savings Bank
10. Total net or ledger assets

$

507 95

5 15

513 10

Busiriess in Georgia during 190,3.

No. Amount.

Policies or certificates written during the year 1903 2719 $ 860 10

Deduct number and amount which have ceased to be in

force during 1903

2543 560 35

Total policiesjor certificates in force December 31,1903 176 Losses and claims on policies or certificates incurred dur-
ing the year 1903 ; sick benefits

299 75 136 00

Losses and claims on policies or certificates paid during the year 1903

136 00

COMPTROLLER-GENERAL'S REPORT.

381

LOYAL PROTECTIVE ASSOCIATION OF BOSTON, MASS.

S. AUGUSTUS ALLEN, President.

FRANCIS R. PARKS, Secretary.

Principal Office 100 Boylston Street, Boston, Mass.

I.--BALANCE SnEET.

Amount of net or ledger assets December 31st of previ

ous year

$

II.--INCOME DURING YEAR 1903.

Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses, as

follows: Membership fees Annual dues Assessments

42,310 00 58,808 10 119,512 00

Total paid by members
5. Interest 7. Cash received from all other sources, viz:
Amount of accrued interest on Boston & Albany bonds purchased December 31, 1902, and included in assets in last statement. Not due until January 1, 1903; so amount is deducted from assets and reported as received since last statement. .

Total income

III.--DISBURSEMENTS DURING YEAR 1903.

Losses and claims (detailed schedule filed) $ 112,951 65

Anuual payments and assessments returned

to members

ls(> ^

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 7. Salaries and other compensation of officers
and other office employees 8. Rent$1,350.00; taxes $437.94 10. Blanks and printing 11. All other items, viz : Postage, express and
telegraph, $2,942.77; legal expense, $3,220.53; ins. departments, $',246.35; collection expenses, $8,011.81; traveling expenses, $1,784.84; badges, $22.-).29; miscellaneous. $766.22
Total expenses

44,589 30 25,726 20
4,414 45 1,787 94 3,353 14
18,201 81

Total disbursements

38,740 50
220,630 10 861 04 87 50
221,578 64 113,138 10
$98,072 84 211,210 91

382

COMPTROLLER-GENERAL'S REPORT.

IV.--INVESTED ASSETS.

5. Cost value of bonds and stocks owned absolutely

$

6. Cash in office

7. Cash deposited in banks on reserved fund account: Na-

tional Bank of Redemption, 316,080.39; Westfleld

Savings Bank, $10,000.00; First National Bank of West-

fleld, $16,861.30

10. Total net or ledger assets

5,280 75 885 76
42,941 69 49,108 20

V.--CONTINGENT ASSETS.
12. Interest due and accrued 15. Market value of bonds and stocks over cost

Total assets

$

VI.--LIABILITIES.
2. Losses in process of adjustment, or adjusted and not due. $ 3. Losses reported for which assessments have not been
made 4. Losses resisted by the company 6. For salaries, rents and office expenses 9. Amount of all other liability, viz : Advance assessments
Based on average for 1903, 129 claims reported, for which proofs have not been received

Total liabilities

324 96 387 50 49,820 66
3,218 50
1,700 00 340 00
5,694 55 344 50
16,692 39 27,989 94

MUTUAL FIRE INDEMNITY INSURANCE ASSOCIATION OF AUGUSTA, GA.

GEO. S. MUBPHEY, President.

J. J. SAXON, Secretary.

Principal Office, 618 Broad Street, Augusta, Ga.

GEO. S. MURPHEY, Augusta, Attorney for Service in Georgia.

i.--CAPITAL.

1. Whole amount of capital stock

$

2. Amount paid up in cash

II.--ASSETS.

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

table Trust Co., Augusta, Ga

$

III.--LIABILITIES.

24. Aggregate amount of all liabilities, including capital

paid up and net surplus

$

10,000 00 10,000 00
10,000 00
10,000 00

COMPTROLLER-GENERAL'S REPORT.

383

V.--EXPENDITURES DURING THE YEAR.

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

clerks, agents and all other emidoyees

$

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

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

265 02
10280
10 00

Aggregate amount of all expenditures during the year in cash Business in Georqia during the Year.

Riskswritten

*

Premiums received (gross)

m 82
FireRi^ks. 84-500. 00 1'075 3

MUTUAL LIFE INDUSTRIAL ASSOCIATION OF GEORGIA, ATHENS, GEORGIA.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31 of previous

year

$

II.--INCOME DURING THE YEAR 1903.

Gross amount paid by members to the association or its asrents without deductions for commissions or other expense.-',

as follows:

1, . M,, em,bersh, i.p f.ees

$

2. Annual da 3. Assessments

LT.'Z"

Total income

nlt--DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims

* 26,103^00

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 local

agents

....

7. Salaries and other compensation of officers

and other office employees

8 Rent, $240; taxes, $240

10. Advertising, $1,570; blanks and printing, $1,-

595

16,146 13 2>j14 w
1 ,oU4 UU
2.083 TM ib0 m
3,16o0

2,474 00
31,284 00
29?i 0Q
30,018 35 _
64'223 35
26'103 00

384

COMPTROLLER-GENERAL'S REPORT.

11. All other items, viz.: Postage, express, office

fixtures and supplies, and miscellaneous

expenses

$

1,377 03

Total expenses

.$

Total disbursements

IV.--INVESTED ASSETS.
5. Cost value of stocks and bonds owned ab-olutely . 6. Cash in office and in Georgia National Bank 7. Cash deposited in banks on secured fund account .

Total net or ledger assets.

26,869 16 52,972 16
25,000 00 1,569 19
12,156 00 3S,725 19

V.--CONTINGENT ASSETS.
14. Market value of real estate over cost Total assets

6,000 00 44,725 19

Busi?iess in Georgia during 1903.

Policies or certificates in force December 31, 1902

Number. 1974 $

Policies or certificates written during the year 1903

10442

Total

12416

Deduct number and amount which have ceased to be in

fon-e during 1903

260

Amount. 697,086 00

Total policies in force December 31, 1903

12156 4,270.000 00

Losses and claims on policies or certificates paid during the

year 1903

% 26,103 00

MERCHANTS MUTUAL FIRE INSURANCE COMPANY, OP MONROE, GA.

W. H. NUXNAI.LY, President.

T. WADE VAUGHAN, Secretary.

Principal Office, Monroe, Ga.

(IKO. M. NAPIKB, Monroe and Atlanta, Attorney for Service in Georgia.

II.--INCOME DURING THE YEAR 1903.

Gross amount paid by members to the association or its

agents without deductions for commissions or other ex-

penses, as follows:

1. Membership fees

$

7. Cash received from all other sources, viz.: Advanced by

directors

Total income

7,677 57 670 00
8,347 57

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS DURING THE YEAR 1903.

1. Losses and claims

3. Commissions and ieea retained by or paid

to agents

$

5. Salaries and traveling expenses of managers

of agencies and general, special and

local agents

7. Salaries and other compensation of officers

and other office employees

8. Taxes

10. Advertising, $24.50; blanks and printing,

$734.19; total

11. All other items, viz.: Reinsurance, re-

turned premiums, incidental expenses,

furniture and fixtures, organization ex-

penses . . .

991 37
563 75 1,108 75
251 37 758 69
3,732 17

Total expenses

Total disbursements

$

IV.--INVESTED ASSETS.

7. Cash deposited in bank on reserved fund account: Bank

of Monroe, Ga

$

8. Agents' ledger balances

9. All other ledger assets, viz.: Furniture and fixtures

Guarantors' notes

Total net or ledger assets

V.--CONTINGENT ASSETS.
24. All other assets, viz.: Members'assessment liability.

Total assets

VI.--LIABILITIES.

9. Amount of all other liabilities, viz.: Reinsurance re-

serve, $3,823.33; guarantee fund, $10,000; dividends

declared and to be paid at expiration of policies

$372.84; total

,$

385 497 31
7,406 10 7,903 41
444 16 401 22 203 15 10,000 00 11,048 53 15,313 30 26,361 83
14,196 17

25 in

336

COMPTROLLER-GENERAL'S REPORT.

MUTUAL FIRE INDEMNITY ASSOCIATION OF AUGUSTA, '' GEORGIA.

GEO. S. MURPHEY, President.

MILLEDGE MURPHEY, Secretary.

Principal Office, 628 Broad Street, Augusta, Ga. GEO. S. MURPHEY, Augusta, Attorney for Service in Georgia.

I.--BALANCE SHEET.
Amount of net or ledger assets December31 of previous year. .S

10,000 00

II.--INCOME DURING YEAR 1903.
3. Assessments. Total income

$ 1,814 90 $ 1,814 90

III.--DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims

Dividend returned to members

3. Commissions and fees retained by or paid

to agents

$

8. Taxes

S
363 94 L'3 56

Total expenses

Total disbursements

581 32 676 08
557 50 1,814 90

IV.--INVESTED ASSETS.

7. Cash and cash items deposited in bank on reserve fund

account, Equitable Trust Company

$

10,000 00

VI.--LIABILITIES.

Unearned or advanced assessments paid in on policies

now in force

.

9. Amount of all other liabilities, viz.: On subscribers' as-

sessments paid in, in cash items now in Equitable

Trust Company's hands

Total liabilities

*

738 90
10,000 00 10,738 90

Bi/sisess in Georgia during 1903.

No. Policies or certificates written during the year 1903 60

Losses and claims on policies or certificates incurred

during the year

2

Amount. $ 125,750 00
581 32

COMPTROLLER-GENERAL'S REPORT.

387

SOUTHERN MUTUAL LIFE INSURANCE ASSOCIATE ON.

ALLEN D. CANDLER, President.

THOS. C. CANDLER, Asst. Secretary.

A. D. CANDLRR, Attorney for Service in Georgia.

Principal Office, 305-306 Century Building, Atlanta, Ga.

II.--IMCOME DURING YEAR 1903.

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

$

3. Assessments



8,583 00 399 05

Total paid by members

$

Advanced by officers on accounfof expense of organization.

8,982 05 1,227 60

Total income

$ 10,209 65

III.--DISBURSEMENTS DURING YEAR 1903.

1. Losses and claims

$

349 00

Total paid to members 3. Commissions and fees retained by or paid
to agents 5. Salaries and traveling expenses of man-
agers of agencies, and general, special and local agents 7. Salaries and other compensation of office
employees 8. Rent, $280; taxes, $51.20 10. Advertising, $267.71 ; blanks and printing,
$546.75 11. All other items

', 4>343 10
351 93 l'0(i2 50
831 20 8_14 46 1'0o 40

Total

*

Total disbursements

*

349 00-
7-953 5i) 8>302 5*

IV.--INVESTED ASSETS.

5 Cost value of bonds and stocks owned absolutely

$

6.' Cas,h i.n o,,ff.ice

....

7. Cash in hands of local treasurers of the several branches

of this association

Total net or ledger assets

*

40,432 37 161 06
42-439 43

388

COMPTROLLER-GENERAL'S REPORT.

VI.--LIABILITIES.

8. To officers or others for advances on account of expenses

of organization

$

9. Amount of all other liability

Total liabilities

$

Business in Georgia during 1903.

No. Policies or certificates written during the year

1903

1851 $

Deduct number and amount which have ceased

to be in force during 1903

5

Total policies in force December 31, 1903 1816

Losses and claims on policies and certificates

incurred during the year 1903

2

Losses and claims on policies or certificates

paid during the year 1903

2

1,227 60 40,432 37 41,659 97
Amount. 225,209 00
865 00 225,334 00
349 00
349 00

STATE MUTUAL LIFE AND ANNUITY ASSOCIATION.

THOMPSON HILES, President.

CHARLES S. SPARKS, Secretary.

Principal Office, 225 Broad Street, Rome, Ga.

Deane & Hamilton, Rome, Attorneys for Service in Georgia.

I.--BALANCE SHEET.

Amount of net or ledger assets December 31 of previ-

ous year

*

II.--INCOME DURING YEAR 1903.

Gross amount paid by natembers to the asso-

ciation or its agents without deductions

for commissions or other expenses, as fol-

lows :

1. First premiums

$

2. Renewal premiums

35,829 16 53,314 94

Total paid by members

$

5. Interest

7. Cash received from all other sources, viz.: Option on lot

No. 9, $1.00; sale of tanbark from lot No. 9, $75.25

Total income

$

183,223 64
89,144 10 4,920 29
76 25 94,140 64

III.--DISBURSEMENTS DURING YEAR 1903.

1, Losses and claims (detailed schedule filed) $ 15,261 88

2. Returned to members in reduction of premiums

3,277 77

Total paid to members

$

18,539 65

COMPTROLLER-GENERAL'S REPORT.

389

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 agHiits

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, $551.00; taxes, $1,155.24

10. Advertising, $535.50; blanks and printing,

$1,829.95 11. All other items, viz.: License and fees,

$876.95; stamps, 1406.36; office expense,

$362.90; legal fees, $1,319.46; exchange

and discount, $46.76

Advance reserve reduced

26,952 02
8,004 49 1,953 00 8,313 75 1,706 24 2,365 45
1,729 12 16,000 00

Total expenses, Total disbursements.

IV --INVESTED ASSETS.

1. Cost value of real estate 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. Deposited in banks on reserved fund account, Exchange Bank of Rome, Ga

Agents' ledger balances All other ledger assets, viz.: Premium notes on associa-

tions' policies in force 10 Bills receivable (secured) $43,560 00; office furniture,
$1,131.31

Total net or ledger assets

$

V.--CONTINGENT ASSETS.

12. Interest due, $1,374.98, and accrued, $63.61...

15. Market value of bonds and stocks over cost...

19. Annual payments or premiums due and un-

paid on memberships in force less than

three months past due

$

20. Annual payments or premiums in process of

collection not yet due

21. Total due from members 22. Deduct estimated cost of collections 5%.
23. Net amount due from members
Total assets

21,788 31
13,570 74 35,359 05
1,767 95

68,307 38 86,847 03
1,196 37 3,016 57 44,277 50 6,037 34 25,000 00 25,371 43 40,926 73 44,691 31 190,517 25
1,438 59 500 00
33,591 10 226,046 94

890

COMPTROLLER-GENERAL'S REPORT.

VI.--LIABILITIES.

4. Losses resisted by the company

$

5. National, State or other taxes due: Virginia, $97.69;

North Carolina, $15.85; South Carolina, $6.13; Ala-

abama, $341.82: Arkansas, $3.93

9. Amount of all other liability, viz: Premiums paid in ad-

vance

Advance reserve on deposit, $25,000; Georgia registered

bonds with State Treasurer, $43,477.50

Present value of future claims discounted at 4%

3,000 00
465 42 302 53 68,477 50 32,457 75

Total



$ 104,703 20

Surplus over all liabilities, ledger and contingent.

121,343 74

Total liabilities

$ 226,046 94

Business in Georgia during 1903.
Policies or certificates in force December 31, 1902. ... Policies or certificates written and revived during
year 1903
Total Deduct number and amount which have ceased to be
in force during 1903
Total policies in force December 31,1903.. . Losses and claims on policies or certificates unpaid
December 31, 1902 Losses and claims on policies or certificates incurred
during the year 1903
Total
Losses and claims on policies or certificates paid during the year 1903

Number. Amount. 1712 $3,161,250

174 1886

213,500 3,374,750

1115

1,808,750

771

1,566,000

3

8,000

12

24,500

15

32,500

Paid on Annuities*

11,661 8S

UNION MUTUAL ASSOCIATION OF ATLANTA, GA.

T. W. WALKER, President.

WM. DRISKELL, Secretary

HON. WM. A. WRIGHT, Atlanta, Attorney for Service in Georgia.

COMPTROLLER-GENERAL'S REPORT.

391

yTNA INDEMNITY COMPANY OF CONNECTICUT.

CHAS. N. LINDLEY, President.

E. S. PBGRAM, Secretary.

Home Office, 650 Main Street, Hartford, Conn.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 7l3,ioo 00

2. Amount of ledger assets December 31 of pre-

vious year

$

3. Increase of paid up capital during the year...

619,255 06 213,100 00

Extended at

$ 832>355 06

II.--INCOME.

Fidelity. Surety. Plate Glass. Burglary.

1. Gross premiums un-

paid December 31

lastyear

$ 3,355 43 $19,513 54 $13,122 28 $

2. Gross premiums

written and re-

newed during the

year

64,520 32 155,910 08 72,990 94 74,988 93

Total

67,875 75 175,423 62 86,113 22 74,988 93

3. Deduct gross pre-

miums now in

course of collec-

tion

5,272 18 29,758 18 13,330 53 24,183 03

4. Entire premiums col-

lected during the

year

62,603 57 145,665 44 72,782 69 50,805 90

5. Deduct reinsurance,
return premiums and cancellations. 15,852^26 JL4,070_17_2,596 05 4.901J35

6. Net cash actually re-

miums f.0r.Pre" 46,751 32 131,586 27 70,186 64 45,904 65 $294,428 88

21. Interest on bonds and dividends on stock

22 Interest from all other sources



30. From all other sources: 10 per cent premium on increased

capital stock

IQ,6oi 30 5. 2I 3
21,310 00

36. Total income

.$ 340,961 56

392

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Fidelity. 1. Gross amount paid

Suiety. Plate Glass.

for losses

$ 16,080 01 $24,500 57 $25,649 98

2. Deduct salvage and

reinsurance

7,833 22 11,534 06

68 80

3. Net amount paid pol-

icy-holders for losses 8,246 79 12,966 51 25,58118

Burglary. $9,343 52
17 27 9,326 25 $56,120 73

18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: Fidelity, $8,415.13; surety, $22,552.66; plate glass, $23,726.33 ; burglary, $13,089.27
23. Salaries, fees and other compensation of officers and home office employees
24. Salaries, traveling and all other expenses of agents not paid by commissions
27. Rents 30. All other taxes, licenses and insurance department fees. .. . 31. Legal expenses 32. Advertising 33. Printing and stationery 34. Postage 35. Furniture and fixtures 40. All othe,r disbursements: Home office, traveling, $4,136.08;
home office, sundry, $9,174.04; tax on capital stock, $3,425

67,783 39
58,385 26
55,910 06 75,360 63 12,191 59 19,218 59
I;6i0 85 15,224 09 9,o4S 3g 5,519 55
16,735 12

45. Total disbursements

$ 334,008 -'4

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest, $335,674.25, and

stocks, $218,460

$ 554,13425

5. Cash deposited in bank

284,695 44

7. Other ledger assets: Non-resident stockholders' tax account

478 69

11. Ledger assets

$ 839,308 38

NON-LEDGER ASSETS.

13. Interest due, $2,257.50, and accrued, $2,011.58, on bonds 15. Interest due and accrued on other assets 18. Market value (not including interest in item 13) of bonds
and stock over book value. 19. Gross premiums in course of collection, viz.:

4,269 08 496 33
35,691 41

Fidelity. 8urety. Plate Glass. Burglary. 1. Policies or renewals

issued subsequent to

Oct 1, 1903

$ 3,109 51 121,474 63 $12,166 00 $23,669 65

COMPTROLLER-GENERAL'S REPORT.

393

2. Policies or renewals

issued prior to Octo-

ber 1, 1903

$ 2,162 67

8,283 55

1,164 53

513 38

Total

$5,272 18 $29,758 18 $13,330 53 $24 183 03 $72,54392

37. Gross assets

? 952,309 12

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection written prior to October I

51. Admitted assets

.$

12,124 13 940,184 99

V.--LIABILITIES.

I. Losses and claims:

Fidelity. Surety Plate Glass. Buralaiy.

1. In process of adjust-

ment

$ 5,963 75 $8,583 25 $1,109 67 $4,890 35 $20,547 02

25. Gross premiums (less reinsurance) upon all unexpired risks

running one year or less from date of policy, $323,7I2-74; unearned premiums, 50 per cent

161,856 37

26. Gross premiums (less reinsurance) upon all unexpired risks

running more than one year from date of policy, $5,407.63;

unearned premiums, pro rata

4.494 15

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October I, viz.: Fidelity, $497-52; surety, $3,435-94; plate glass, $4,136.44; burglary, $5,207.32

13,277 22

32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued

37. Reinsurance

38. Other liabilities, viz. : Premiums, paid advance

^

1,947 68 i,570 89
599 59

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 713,100 00 22,792 07

204,292 92

50. Surplus as regards policy-holders

735,892 07

51. Total liabilities.

940,184 99

Business in Georgia during 1903.

Fide ity. Surety. Pla'e G.ass.

Gross premiums on risks written or

renewed during the year

$63723 $5,005 54 $255 34

Gross losses paid Gross losses incurred

24 lb
24 16

Burglary. $ 49 55

394

COMPTROLLER-GENERAL'S REPORT.

AMERICAN SURETY COMPANY OF NEW YORK.

H. D. LYMAN, President.

H. B. ZEVELY, Secretary.

Home Office, 100 Broadway, New York Oity.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

...$ 2,500,000 00

2. Amount of ledger assets December 31st of

previous year

$

Add ledger liabilities deducted December

31st of previous year

3. Increase of indebtedness

5,195,335 16
25,429 82 245 84

Extended at

$ 5,221,010 82

II.--INCOME.

Fidelity. 1. Gross premiums unpaid Dec-

31, last year

if 68,166 21 $

2. Gross premiums written and

renewed during 1903

713,408 38

Surety. 188,896 38 837,298 53

Totals

. 781,574 59

3. Deduct gross premiums now

in course of collection

52,410 93

1,026,194 91 212,453 29

4. Entire premiums collected during the year
5. Deduct reinsurance, return premiumsandcancellations

729,163 66 91,392 24

813,74162 154,705 03

6. Net cash actually received

for premiums

637,771 42

19. Interest on mortgage loans

$

20. Interest on collateral loans

21. Interest on bonds and dividends on stock .

22. Interest from all other sources

23. Gross rents from company's property, including $30,000.00 for company's owTn

occupancy

659,036 59 $
137 50
4,314 63
75,583 93
6,486 10

1,296,808 01

244,589 54

Total interest and rents 26. Three Mexican five per cent, external gold loan bonds
redeemed

331,111 70 58 20

Total income

$ 1,627,977 91

COMPTROLLER-GENERAL'S REPORT.

395

III.--DISBURSEMENTS.

Fidelity.

1. Gross amount paid for losses,$ 239,794 76 $

2. Deduct salvage and reinsur-

ance

69,385 38

Surety. 273,373 67
90,553 40

3. Net amount paid policy-hold-

ers for losses

170,409 38

182,820 27 -$ 353,229 65

14. Investigation and adjustment of claims including legal

and other expenses in defense of suits against policy-

holders, viz: Fidelity 18. Commissions.or brokerage, less amount received on re-
turn premiums and reinsurance for the following

classes: Fidelity, $32,065.68; surety, $44,679.26 ; total...

22. Stockholders for interest or dividends



23. Salaries, fees and all other compensation of officers and

home office employees 24. Salaries, traveling and all other expenses of agents not

paid by commissions

26. Inspections

27. Rent 28. Repairs and expenses on real estate

29. Taxes on real estate

"

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

31. Legal expenses

32. Advertising

33. Printing and stationery

34. Postage and express

35. Furniture and fixtures

""_'"

37 U. S 2 per cent, registered bonds, 1930, $1,287.50; U. b.

4 per cent, registered bonds, 1907, $5,625.00; total

41. Interest

42. General miscellaneous expenses

_

Total disbursements

15,849 78
76,744 94 200,000 00
210,081 96
295,595 61 3,867 36 30,000 00
88,278 36 57,977 08 24,435 41 2,610 00
7,667 71 20,298 95 14,876 25 12,330 46
6,912 50 3,693 57 26,756 86
1,451,206 45

IV.--LEDGER ASSETS.

1. Book value of real estate unincumbered

$

2. Mortgage loans on real estate, first liens .

4. Book value of bonds, excluding interest, $1,094,527.38;

and stocks, $838,343.75 ..
5. Cash in company's office, $461,580.29; total.

i; deposited in banks,

11. Ledger assets

3,000,000 00 2,500 00
1,932,871 13 462,411 15
5,397,782 28

NON-LEDGER ASSETS.

13. Interest due on bonds .

*

16. Rents due, $11,556.82; and accrued, $7,216.68

on company's property or lease ; total ..

7'637 37 w,"*

18. Market value'of bonds'and stocks over book value

26,410 87 63,915 95

396

COMPTROLLER-GENERAL'S REPORT.

Fidelity. On policies or renewals issued
subsequent to Oct. 1, 1903. $ 41,882 37 $
On policies or renewals issued
prior to October 1, 1903 . .. 10,528 56

Totals

$ 52,410 93 $

37. Gross assets

Surety. 97,963 14
114,490 15 212,453 29 264,864 22
5,752,973 32

DEDUCT ASSETS NOT ADMITTED.
43. Gross premiums in course of collection written prior to October 1, 1903

125,018 71

51. Admitted assets

$ 5,627,954 61

V.--LIABILITIES.

Fidelity.

1. In process of adjustment. .. $ 19,760 78

2. Reported proofs not received 113,606 42 $

3. Resisted by company

34,727 93

4. Resisted for principal

Surety. 84,200 00 96,789 88

16. Net unpaid claims

$ 168,095 13 $

25. Gross premiums upon all unexpired risks

running one year or less from date of

policy, $1,278,468.88; unearned premiums,

(fifty per cent)

$

26. Gross premiums upon all unexpired risks

running more than one year from date of

policy, $197,302.71; unearned premiums,

(pro rata)

180,989 88 $ 349,085 01 639,234 44 110,796 60

27. Total unearned premiums 28. Commissions, brokerage and other charges due or to
become due to agents or brokers on policies issued subsequent to October 1, 1903, viz: Fidelity, $438.86; surety, $3,424 52 ; total

750,031 04 3,863 38

32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc., due or accrued
39. Checks of other parties in process of collection 40. Agents credit balances being premiums paid in advance .

12.500 00 1,448 31 11,727 35

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$ 2,500,000 00

49. Surplus over all liabilities

1,999,299 52

1,128,655 09

50. Surplus as regards policy-holders

4,499,299 52

51. Total liabilities

$ 5,627,954 61

COMPTROLLER-GENERAL'S REPORT.

397

Business in the State of Georgia during 1903.

Gross premiums received on risks written or

Fidelity.

renewed during the year

$

6,456 58 $

Gross losses paid

3,75124

Totals

$ $10,207 82 $

Surety.
8,469 55 14 15
8,484 70

AMERICAN BONDING COMPANY OF BALTIMORE, MARYLAND.

JAMES BOND, President.

SAJI'L H. SHRIVEK, Secretary.

Home Office, Equitable Building, Baltimore, Maryland.

EDWARD M. DURANT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 1,000,000 00

2 Amount of ledger assets December 31,1903.

Extended

$2,050,869 63 $

2,050869 63

II --INCOME.

As Shown by the Books at the Home Office at Close of Business Decem-

ber 31, 1903.

Fidelity and Surety.

Gross premiums unpaid December 31 last

year

$ 105,689 64

Gross premiums written and renewed dur-

ing the year

726,439 88

Total Deduct gross premiums now in course of
collection

832,129 52 106,138 36

Entire premiums collected during the year Deduct reinsurance, return premiums and
cancellation

725,991 16 73,870 53

Net cash actually received for premiums

$

19. Interest on mortgage loans 20. Interest on collateral loans 21. Interest on bonds and dividends on stock.

23. Gross rents from company's property 30. From all other sources: Trust income, .$2,385.45; col-
lateral deposits, etc., $126,994.81

652,120 63 2<'}_ ^ 8''
973 62
129,380 26

36. Total income

$ 845,157 18

398

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business Decem-

ber 31, 1903.

Fidelity and Surety.

Gross amount paid for losses

$ 376,140 82

Deduct salvage and reinsurance

104,412 58

Net amount paid policy-holders for losses

S

18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following

classes : Surety 22. Stockholders for interest or dividends (amount declared
during the year) 23. Salaries, fees and all other compensation of officers and
home office employees

24. Salaries, traveliug and all other expenses of agents not

paid by commissions

"

26. Inspections (other than medical)

27. Rents. 28. Repairs and expenses (other than taxes) on real estate .

29. Taxes on real estate 30. All other taxes, licenses and insurance department fees.

31. Legal expenses
32. Advertising. 33. Printing and stationery.

34. Postage and express 35. Furniture and fixtures 36 Loss on sale or maturity of ledger assets: Stocks and

' bonds 40. All other disbursements: Auditing expenses, $1,388.0/;

development expense, $7,591.20; exchange, $68 58 ; gen-

eral expenses, $3,144.75; interest, $9,226.03; insurance,

$4.08; traveling expense, $921.58; telephone and tele-

graph expense, $5,714.01

.

271,728 24
144,402 85
80,000 00
65,511 <0
42,826 26 9,520 79 7'607 78 513 91 11,182 65 19,383 30 10,131 30 <5i,aoi oa 12,026 07 ! l>040 82 3fiu '2
i-'"'968
28,058 33

45. Total disbursements

5 866,298 55

IV.--LEDGER ASSETS

As Shown by the Books at the Home Office at Close of Business Decem-

ber 31, 1903.

] Book value of real estate unincumbered, $71,317.23 ; in-

cumbered, $1,2S4.99

$

72,602 22

2. Mortgage loans on real estate, first liens

52,523 48

3 Loans secured by pledge of bonds, stocks, or other col-

laterals .

150.990 00

4. Book value of bonds, excluding interest, 1559,674.22; and

stocks, $780,537.16

1,340,211 38

5 Cash in company's office, $10,512.23; deposited in bank,

$271,173.32 7. Other ledger assets : Accounts receivable "secured". .

281,685 55 131.715 63

11. Ledger assets

$ 2,02,12$ 26

COMPTROLLER-GENERAL'S REPORT.

399

XON-LEDGER ASSETS.

12. Interest due, $644 34, and accrued, 1391.51,

on mortgages

$

13. Interest due and accrued on bonds ....

14. Interest due and accrued on collateral loans

15. Interest due, $1,973.33, and accrued, $558.08,

on other assets

1,035 85 14,377 75 2,37b 12
2,531,41

Total

$

Fidelity and Surety. 19. Gross premiums in course of collection, viz :

On policies or renewals issued subsequent

to October 1, 1903

$ 106,138 36

20,321 13

33. Total

106,138 36

37. Gross assets

$ 2,156,187 75

DEDUCT ASSETS NOT ADMITTED.

44. Book value of ledger assets over market value, viz

Stocks and bonds

13,356 63

51. Admitted assets

$ 2,142,831 12

V.--LIABILITIES.

Fidelity and surety.

1. Losses and claims:

Reported proofs not received

$ 72.395 44

14. Net unpaid claims

$

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy,

$665,097.91; unearned premiums 50 per ceut

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

come due to agents or brokers ou policies issued subse-

quent to October 1, 1903, viz. : Surety

37. Reinsurance

....

38. Other liabilities, viz.: Collateral and special deposits,

$483,316.84; bills payable, $100,000.00

72,395 44
332,548 95
20,336 85 985 83
583,316 84

47. Total amount of all liabilities, except capital . .....$ 1,009,58391

48. Capital actually paid up in cash

$ 1,000,000 00

49. Surplus over all liabilities

133.347 21

50. Surplus as regards policy-holders

1,133,247 21

51. Total liabilities

$ 2,142,831 12

Business in Georgia during 1903. Fidelity and Surety.

Gross premiums or risks written or renewed during the

year
Gross losses paid

*


Gross losses incurred

15'436 f
'*r y''80^

400

COMPTROLLER-GENERAL'S REPORT.

THE CITY TRUST SAFE DEPOSIT AND SURETY COMPANY OF PHILADELPHIA.

CHARLES M. SWAIN, President.

CHAS. H. LAIRD, JR., Secretary.

Home Office, 927 and 929 Chestnut Street, Philadelphia, Pa.

JAS. H. GILBERT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 500,000 00

2. Amount of ledger assets Decemher 31 of

previous year

$

3. Decrease in deposits during the year

3,277,236 73 203,416 27

Extended at

$ 3.073.82046

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross premiums unpaid Decem-

ber 31 last year

$

Gross premiums written and re-

newed during the year

Fidelity.

Surety.

5,029 Si $ 18,534 97

66,33442

142,03691

Total

$

Deduct gross premiums now in

course of collection

71.36393 $ 160,57188

3462 15

s->32 56

Entire premiums collected during

the year

:

$

Deduct reinsurance, return premi-

ums and cancellations

67,90178 $ 152,339 32

6,46124

21,22359

Net cash actually received for

premiums

$ 61,44054 $ 131,115 73

18. Total net cash actually received for premiums

19. Interest on mortgage loans

20. Interest on collateral loans

21. Interest on bonds and dividends on stock

22. Interest from all other sources

23. Gross rents from company's property

26. Profit on sale or maturity of ledger assets: Spring Garden

Fire Insurance Company, $2,200; No. 1424 Porter

street, Philadelphia, $122.73

30. From all other sources: Boxes, $3,765.36; commissions,

$2,560.87 ; registry, $2,837.75

36. Total income

$

I92,S56 27 2,329 82
83,936 15 17,809 00 6,407 27 17,613 47
2,322 73
9,163 98 332,138 69

COMPTROLLER-GEXERAL'S REPORT.

401

III.--DISBURSEMENTS.
As Shown by the Books at the Home Office at Close of Business December 31.

Fidelity.

Surety.

Gross amount paid for losses.$ Deduct salvage and reinsur-
ance

27,156 68 $ 9,478 63

74,954 54 7,337 52

Net amount paid policy-hold-

ers

$ 17,67805

67,61702

14. Investigation and adjustment of claims, including legal and

other expenses in defense of suits against policy-holders,

viz.: Fidelity, $2,473.29; surety, $11,683.28.

18. Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes:

Fidelity and surety

22. Stockholders for interest or dividends (amount declared

during the year, $30,000)

23. Salaries, fees and other compensation of officers and home

office employees



24. Salaries, traveling and all other expenses of agents not paid

by commissions

25. Interest paid depositors

27. Rents

,

29. Taxes on real estate

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

31. Legal expenses (not included in No. 14)

32. Advertising

33. Printing and stationery

34. General expenses

36. Loss on sale or maturity of ledger assets: No. 4966 Stiles

street, Philadelphia

40 All other disbursements : Depreciation of stocks and bonds,

$22,909 ; profit and loss, $731.88

85,29507
14,156 57
. 14 ,221 07 30,087 00 67,544 92
44,859 74 48,876 98
6,229 29 ,>254 47 9,357 26 S^S2 80 3,203 32 6,954 92 21,793 32
27519
23,640 88

45. Total disbursements

$ 386,902 80

IV.--LEDGES ASSETS.
As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered, $20,235.27; incum-

bered, $526,427.38, less $33,600 mortgages, $492,827.38....$ 513,062 65

2. Mortgage loans on real estate, first liens

33,ooo 00

3. Loans secured by pledge of bonds.stocks or other collaterals 1,361,966 56

4. Book value of bonds, excluding interest. $303,131.50, and

stocks, $50,039 5. Cash in company's office, $83,724.36; deposited in bank,

353,170 50

* $213,938.39- ...."

;,.

6. Return premiums on lire insurance policies

297^H 0,141 00

7 Other ledger assets: Due from ledger accounts secured by

mortgages, real estate and cash. $445,358.14; furniture

and fixtures, $8,122.43; overdrafts, $60.81; Keystone

Ice Manufacturing Company (foreclosure), $510.91

454,05229

11. Ledger assets

NON-I.EDGER ASSETS.

12. Interest due and accrued on mortgages

13. Interest due and accrued on bonds 14. Interest due and accrued on collateral loans 15 Interest due and accrued on other assets 17. Appraised value of real estate over book value

19 Gross premiums in course of collection, viz.: Fidelity.

On policies or renewals issued subsequent to Oct. 1. 1903. $
On policies or renewals issued prior to Oct. 1, 1903

3,375 65 $ 5 So

33. Total

$

3,46215

26 in

$ 3,019.05635

Surety.

S71 00 4,92 00 5,489 00
525 00 II7,37 35

5,822 72

2,409 84 8,23256

11,69471

402

COMPTROLLER-GENERAL'S REPORT.

34. Other non-ledger assets, viz.: Annual premiums not over three months due

7.409 17

37. Gross assets

$ 3.167,044 58

DEDUCT ASSETS NOT ADMITTED.

40. Furniture and fixtures

$

43. Gross premiums in course of collection writ-

ten prior to October I, 1903

8,122 43 2'49o 34

Total

I0-6lS 7?

51. Admitted assets

$ 3,156,425 81

V.--LIABILITIES.

I. Losses and claims:

Fidelity.

Surety.

In process of adjustment Reported, proofs not received.$ Resisted by company Resisted for policy-holders....

$ 5,577 41
460 00

7,800 00
^%l8 s 62,870 22

16. Net unpaid claims

$

6,03741 101,48872

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $189,-

732.88 ; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date .of policy.

$35,633.31 ; unearned premiums, pro rata

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October I, 1903, viz.: Fidelity, $558-44; surety, $660.58. ..

32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued, estimated 37. Company sureties



38. Other liabilities, viz.: Due depositors, $2,215,087.76, and in-

terest accrued thereon, $10,640

107,52613
94,866 44
18,442 63
1,219 02 6,254 00 3,145 97 2.22-^.727 76

47. Total amount of all liabilities, except capital

48 Capital actuallv paid up in cash

$

49. Surplus over all liabilities

$ 2,457,181 95 500,000 00 199,243 86 -

50. Surplus as regards policy-holders

699,243 86

51. Total liabilities

$ 3,156,425 81

Gross premiums on during the year
Gross losses paid

Business in Georgia during 1903.

Fidelity.

risks written or renewed

$

623 08

Surety.

$

805 08

I0

UNITED STATES BRANCH OF THE EMPLOYERS' LIABILITY ASSURANCE CORPORATION, LTD., OF GREAT BRITAIN.

SAMUEL APPLETON, Manager and Attorney. Home Office United States Branch, 71 Kilby Street, Boston, Mass.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash, in England

$ 750,ooo 00

2. Amount of ledger assets December 31 of

previous year

$

Extended at

1,674.433 I2 $

1,674,433 12

to 3O 3

trJ o o

Q O

7?

H

Gross premiums unpaid Dec. 81, last year.

Gross premiums wri t ten and renewed during the year.

Total.

Deduct gross premiums now in course of col lection.

Entire premiums collected during the year.

Deduct reinsui ance, return premiums and cancellations.

Net cash actually received ior premiums.

X

O

w
O tr* t-i
W w

4. Accident 6. Liability 7. Fidelity

I

44,067 68 3,413 50

294,618 12 38,375 28

338,685 80 41,788 78

56,088 92 6,589 24

282,596 88 35,199 54

45,527 12 7,329 45

237,069 76 27,870 09

Q H zl

344,135 80 2,150,529 72 2,494,665 52

355,685 64 2,138,979 88

223,753 70 1,915,226 18

2,837 63

80,812 18

83,649 81

5,468 85

78,180 96

20,520 47

57,660 49

>

17. Totals

%

394,454 61 $ 2,564,335 30 % 2,958,789 91 %

423,832 65 % 2,534,957 26 $

O 297,130 74 $ 2,237,826 52

t-;
CO

w

td

oTJ

to

O

404

COMPTROLLER-GENERAL'S REPORT.

18. Total net cash actually received for premiums

$

21. Interest on bonds and dividends on stock

22. Interest from all other sources

25.Profit on sale or maturity of ledger assets: Sale of $100,000

United States government 2 per cent, bonds, $187.50;

sale of $1,000 Lowell, Lawrence & Haverhill Street Rail-

way 5 per cent, bonds. $20

4,949,6l 18 50,922 " 4-430 21
207 50

36. Total income

$ 2,293,387 10

lit.--DISBURSEMENTS.

As Shown by the books at the 1 tome Office at Close of Business December 31.

1. Accident 2. Health 3. Liability 4. Fidelity

Gross Amount Paid lor Losses.
$ 120,189 28 12,226 94
728,000 16 11,862 82

Deduct Salvage and Reinsurance. * 2,408 58 909 32 394 01

Net Amount Paid Policy-
holders for Losses.
$ 117,780 70 11,317 62
727,606 15 11,862 82

13. Totals

$ 872,279 20 $ 3,711 91 * 868,567 29 $ 868,567 29

14. Investigation and adjustment of claims, including legal and

other expenses in defense of suits against policy-holders,

viz: Accident. $3,240.88; health. $22.70; liability, $173,-

219.25 ; fidelity, $1,407.19

18. Commissions or brokerage, less amount received on return

premium- and reinsurance for the following classes:

Accident, $79,597-53; health, $7,778.81; liability. $484,-

652 ; fidelity. $9,587.05

22. Remitted to home office

23. Salaries, fees and all other compensation of officers and

home office employees

24. Salaries, traveling and all other expenses of agents not

paid by commissions



26. Inspections (other than medical)

27. Rents

30. All other taxes, licenses and insurance department fees

31. Legal expenses (not included in No. 14)

32. Advertising...

33. Printing and stationery

34. Postage and express

35. Furniture and fixtures

36. Loss on sale or maturity of ledger assets : maturity of $4,000

City of Los Angeles 5 per cent, bonds

40. All other disbursements: Bad debts

177.890 02
581,615 39 156,497 14
41.710 24
[4,981 04 24.284 84 20.038 04 40.283 77
8.(132 ,u 4.215 40 15,137 57 15.300 71 1,322 y\
138 00 1,636 98

45. Total disbursements

$ 1,972,252 36

COMPTROLLER-GENERAL'S REPORT

405

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest

$ 1,933,908 80

5. Cash in company's office, $1,800; deposited in bank, $919.06.

2,719 06

7. Other ledger assets: Agents' balances secured, $12,253.43;

cash deposited with trustees with Kidder Peabody Com-

pany, $46,686 57

58,940 00

11. Ledger assets

$ 1,995,567 86

NON-LEDGER ASSETS.

13. Interest due and accrued on bonds 19. Gross premiums in course of collection,

20. Accident 21. Health 22. Liability 23. Fidelity

On Policies or Re- On Policies or Re-

newals Issued newals Issued

Subsequent

Prior to

to Oet. 1,

Oet. 1,

1903.

1903.

I 53,194 77

$ 2,894 15

6,093 74

495 50

336,300 63

19,385 01

5,136 22

332 63

33. Totals

* 400,725 36

$ 23,107 29 $

I5,56i 66 423,832 65

37. Gross assets

$ 2,434,962 17

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection or

written prior to October 1, 1903

$

44. Book value of ledger assets over market

value, $24,400.05; agents' balances, $12,-

253-43

Total deductions

51 Admitted assets

23,107 29

36,653 48

59,76o 77

$ 2,375,20140

V.--LIABILITIES.

1. Losses and claims:

In Process of

Resisted.

Adjustment. By Company. For Policy-holders

2. Accident

$ 40,115 00 $ 17,900 03 $

3. Health

3,350 00

4. Liability 5. Fidelity

74,070 00 9,340 00

2,400 00

377,850 00 _

14. Totals

$ 126,875 OoT 20,300 00 $ 377,850 00

15. Deduct reinsu'nce $

30 00

* 600 00

16. Netunpaiddaims $126,845 00 $ 20,300 00 $377,250 00$ 524,395 00

406

COMPTROLLER-GENERAL'S REPORT.

25. Gross premiums (less reinsurance) upon all unexpired risks running one year or less from date of policy, $1,732,863.72; unearned premiums, 50 per cent
26. Gross premiums (less reinsurance) upon all unexpired risks running more than one year from date of policy, $106,944.26; unearned premium, pro rata
28. Commission, brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1, 1903, viz.: Accident. $16,580.09; health, $1,942.05; liability, $84,909.18; fidelity, $1,114.86
38. Other liabilities, viz.: Special reserve, liability department.

866,431 86 66,100 08
104,546 18 100,000 00

.47. Total amount of all liabilities, except capital 48. Capital actually paid up in cash, statutory de-

posit

$

49. Surplus over all liabilities

$ 1,661,473 12
250,000 00 463.728 28

50. Surplus as regards policy-holders

713,728 28

Si. Total liabilities



$ 2,375,201 40

32. Accident. 33. Health . . 34. Liability. 35. Fidelity
44. Totals

Business in Georgia during 1903.

Gross Premiums on Risks Written or Re-
newed during the Year.
$ 4,628 24 1,219 48 2,703 30 437 63

Gross Losses Paid.
$ 3,866 22 1,966 62 2,310 75

8,988 65

$ 8,143 59

Gross Losses Incurred. $ 3,291 22 1,911 62 930 75
$ 6,133.59

FIDELITY AND CASUALTY COMPANY OF NEW YORK.

GEORGE F. SEWARD, President.

ROBERT J. HILLAS, Secretary

Home Office, 97 to 103 Cedar Stre.et, New York, N. Y.

EUGENE O. OBERDORPER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 500,00000

2. Amount of ledger assets December 31 of

previous year

$

Extended at

4,223,168 66 $

4.223,16866

m So3*
s!
S3
o"

S3*

n>

n

td

o

0

g

w*

'Si

H

Gross Premiums Gross Premiums

unpaid

written and re-

December 31 newed during the

last year.

the year.

Total.

Deduct Gross Premiums now
in course of collection.

Entire Premiums collected durin
the year.

Deduct Reinsurance, Return Premiums and Cancellations.

Net Cash actually received
for Premiums.

rtX

o W
r-i
M w

4. Accident 5. Health 6. Liability

t 154,345 08 1,987,883 49 2,142,228 57

98,514 02

846,912 81

945,426 83

239,109 44 2,345.312 43 2,584,421 87

91,185 50 157,325 69 263,012 75

2,051,043 07 788,101 14
2,321,409 12

764,756 75

o
H 1,286,283 32 CD

B ; 1

w
1
W

341,749 14

446,352 00 n Q3

418,402 36 1,903,006 76 n O

H '4 M

7. Fidelity 9. Plate glass... 10. Steam boiler.
11. Burglary

17,116 41 28,740 32 62,184 26
31,711 33

336,025 22 316,905 83 459,707 99 525,340 55

353,141 63
345,646 15 521,892 25 557,051

14,835 53 28,941 06 51,492 43 40,776 79

338,306 10 316,705 09
470,399 82 516,275 09

46,596 32 45,812 42 134,898 08 100,963 18

291,709 78 270,892 67 tu
335,501 74 n 415,311 91 o
a>

PC p* t-1
GO
w

17. Totals

$ 631,720 86 $ 6,818,088 32 $ 7,449,809 18$ 647,569 75 $ 6,802,239 43 $ 1,853,178 25 $ 4,949,061 18 o

W
C

woITS

'

H

408

COMPTROLLER-GENERAL'S REPORT.

18. Total net cash actually received for premiums

$

20. Interest on collateral loans

21. Interest on bonds and dividends on stock

22. Interest from all other sources.

23. Gross rents from company's property, including $45,167.38

for company's own occupancy

25. Profit on sale or maturity of ledger assets: 1,625 shares

Great Northern Railway Company, preferred stock

1,237,826 52 4.217 50
156,165 37 5.595 12
68,175 96
101,131 25

36. Total income. .

$' 5,284,346 38

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Accident .. . Health Liability .... Fidelity Plate glass.. Steam boiler. Burglary....

Gross amount paid for losses.
454,001 63 189,652 94 854,097 13 91,716 19
95,887 21 34,709 86 168,374 85

Deduct salvage and reinsurance.
$ 19,935 44
4,314 55 27,674 53 12,878 73
6,020 46 3,857 38

Net amount paid Policy-holders.
for losses.
i 434,066 19 189,652 94 849,782 58 64,041 66 83,008 48 28,689 40 164,517 47

13. Totals

$ 1,888,439 81 $ 74,681 09 if 1,813,758 72 $ 1,813,758 72

1+ Investigation and adjustment of claims, including legal and other expenses in defense of suits against policy-holders, viz.: Accident, $34,559.64; health, $14,854.01; liability, $157,269.89; fidelity, $12,199.05; plate glass, $7,727.20: steam boiler, $1,564.85 ; burglary, $17,642.78
18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: Accident. $445,200.36; health, $159,352.72; liability, $421,256.91; fidelity, $45,954.34; plate glass. $80,958.74; steam boiler, $82,125.541 burglary, $78,631.59
Stockholders for interest or dividends (amount declared during the year)
Salaries, fees and all other compensation of officers and home office employees
24- Salaries, traveling and all other expenses of agents not paid by commissions
25- Medical examiners' fees and salaries 26. Inspections (other than medical) 27- Rents, including $45,167.38 for company's awn occupancy. . 28. Repairs and expenses (other than taxes) on real estate 20- Taxes on real estate 30. All other taxes, licenses and insurance department fees.... 31. Legal expenses (not included in No. 14) 32. Advertising 33- Printing and stationery 34- Postage and express 35- furniture and fixtures

245,817 42
1,313,480 20
77,500 00
330,546 99
210,799 69 3,086 50
165,549 16 39,l82 77 38,438 97
7,702 60 76,637 79
8,454 04 16,936 23 43,094 02 io,993 71 7,481 80

COMPTROLLER-GENERAL'S REPORT.

409

36. Loss on sale or maturity of ledger assets : $150,000 Pennsylvania Railroad Company 2>lA per cent. IO-year gold convertible bonds, due 1912
40. All other disbursements: Sundry expenses, $58,650.28; profit and loss, $1,386.29 (minus)

6,473 75 57.263 99

45. Total disbursements

$ 4,473,198 35

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

I. Book value of real estate, unincumbered. .. .$ 3. Loans secured by pledge of bonds, stocks or
other collaterals 4. Book value of bonds, excluding interest, $1,-
499,218.03, and stocks, $2.529,848.50 5. Cash in company's office, $17,452.10; depos-
ited in bank and trust companies, $212,-
246.59 6. Bills receivable

619,613 01 175,00000 4,029,066 53
229,69869 526 53

Total

$ 5,053,904 76

9. Deduct ledger liabilities: Balance of sundry

accounts

I9O 07

II. Ledger assets.

1,034,316 69

NON-LEDGER ASSETS.
13. Interest due and accrued on bonds 14. Interest due and accrued on collateral loans 15. Interest due and accrued on other assets 16. Rents due and accrued on company's property or lease 18. Market value (not including interest in item 13) of bonds
and stocks over book value 19. Gross premiums in course of collection, viz. :

2,625 39 873 62
4,918 72 1,198 43
148,543 47

20. Accident 21. Health 22. Liability 23. Fidelity 25. Plate glass 26. Steam boiler 27, Burglary .

On policies or re- On policies or

ne'wals issued renewals issued

subsequent to prior to Oct.

Oct. 1, 1903.

1903.

$ 80,210 54 if 10.974 96

147.509 06

9,816 63

204,368 60

58 644 15

10,669 33

4,166 20

27,970 41

970 65

49,848 20

1,044 23

38,073 87

2,702 92

33. Totals

% 558,650 01$ 88,919 74

34. Other non-ledger assets, viz. : Reinsurance reserve deposit

(cash in company's possession)

647,569 75 41,753 95

37. Gross assets

* 5,881,800 02

DEDUCT ASSETS NOT ADMITTED.

39. Bills receivable

; $

43. Gross premiums in course of collection writ-

ten prior to October 1, 1903

526 S3 3.919 74

50. Total.

Admitted assets.

89,446 27 5,792,353 75

2. Accident 8. Health 4. Liability 5. Fidelity 7. I'late glass 8. Steam boiler 9. Burglary
14. Totals 15. Deduct reinsurance
16. Net unpaid claims.

>*A.

ro 1

o

3
DA'

Q O

ADJUSTED.

RESISTED.

Due.

Not Due.

In process of Reported proofs adjustment. not received.
By Company.

For Policy-holder.

H W C

fc-i

(b)

t-<

All adjusted losses have been paid. If paid by check, amouut of check has been

122,025 50 '4,802 00
184,617 50

39,200 00

82,014 50 f.
3,430 00 527,800 00

H
osio

deducted from bank balances. If paid by draft, loss remains under (b) until draft is paid.

8,772 81 9,528 15 39,284 85

12,500 00 493 45

10,693 74

26,976 00 332 50

H Si H SO

22,116 15

4,369 46

f>

f

341,746 96 if 52,193 45

100,507 70 I 555,108 50

16,914 00

1,875 00

2,200 00

SO

* 324,832 96$ 52,193 45$ 98,632 701 552,908 50

o

so

H

COMPTROLLER-GENERAL'S REPORT.

411

Total unpaid claims

$

21. Estimated expenses incident to the settlement of unpaid

claims, viz.: Accident, $4,785; health, $168; liability,

$73,357.50; fidelity, $1,987.19; steam boiler, $1,589.65;

burglary, $2,942.85

:

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $4,437,-

546.37; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date of policy,

$622,976.61; unearned premiums, pro rata

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October 1, 1903, viz.: Accident, $27,761.67; health, $52,-

662.21; liability, $45,239.03 ; fidelity, $1,680.85 ; plate glass,

$8,359.24; steam boiler, $12,201.84; burglary, $7,208.53. ..

32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued

38. Other liabilities, viz.: Contingent fund

1,028,567 61
84,830 19 2,218,773 16
343.793 9
155."3 37 47482 21 250,000 00

47. Total amount of all liabilities, except capital

$ 4,128,560 44

48. Capital actually paid up in cash

$ 500,000 00

49. Surplus over all liabilities

1,163,793 31

50. Surplus as regards policy-holders

1,663,793 31

51. Total liabilities

$ 5,792,353 75

32 Occident 33. Health 34. Liability 35. Fidelity 37. Plate glass 38. Steam boiler 39. Burglary

Business in State of Georgia during 1903.

Gross Premiums received on risks nwewriettdendourrirne-g
the year.

Gross losses paid.

Gross losses incurred.

$ 26,292 20$ 9,375 65$ 9,375 65

3,420 75

5,183 17

5,183 17

11,690 02

9,87194

9,87194

771 10

26 50

26 50

3,269 95

774 98

774 98

4,27174

1,512 73

1,512 73

3,777 88

770 00

770 00

44. Totals

$ 53,493 64$ 27,514 97$ 27,514 97

412

COMPTROLLER-GENERAL'S REPORT.

FIDELITY AND DEPOSIT COMPANY OF MARYLAND.

EDWIN WARFIELD, President.

HARRY NICODEMUS, Secretary.

Home Office, Charles and Lexington Streets, Baltimore, Md.

I.--CAPITAI, STOCK.

1. Amount of capital paid up in

cash

$ 2,000,00000

2. Amount of ledge? assets December 31 of

previous year

$

Extended at

5,678,758 63 $

5,678,758 63

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Fidelity and Surety. Gross premiums unpaid December 31 last

^ year-

$

Gross premiums written and renewed during

135489 58

the year

1,332,40805

Total

$ 1,467,89763

Deduct gross premiums now in course of col-

lection

T24.732 88

Entire premiums collected during the year. .$ 1,343,164 75

Deduct reinsurance, return premiums and

cancellations

35,14038

Net cash actually received for premiums

%

21. Interest on bonds and dividends on stock

23. Gross rents from company's property

30. From all other sources; Commissions, safe deposit depart-

ment, etc

1,308,024 37 194,980 01 45.728 19
7,88305

36. Total income

$ 1,556,615 62

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross amount paid for losses Deduct salvage and reinsurance

Fidelity and Surety.

$ 529,649 03

'....

63,296 16

Net amount paid policy-holders for losses

$

18. Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes:

Fidelity and surety

22. Stockholders for interest or dividends (amount declared

during the year)

466,352 87
356,613 64 279,998 25

COMPTROLLER-GENERAL'S REPORT.

413

23. Salaries, fees and all other compensation of officers and home office employees

2+ Salaries, traveling and all other expenses of agents not paid by commissions

26. Inspections, auditing and adjusting

27- Rents 28. Repairs and expenses (other than taxes) on real estate. .. .

29. Taxes on real estate

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

31- Legal expenses 32. Advertising

33- Printing and stationery
34- Postage and express 35- Furniture and fixtures 40. All other disbursements:

Incidentals and development

107,750 24
54.882 39 57.259 57 10,56909 14,274 41 37,4T7 35 29,200 90 31,643 02
9,233 77 16,172 31 11,565 18 4^56 63 29,069 02

45. Total disbursements

$ 1,516.158 64

JV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

I. Book value of real estate, unencumbered

$ 670,000 00

4. Book value of bonds, excluding interest, $4,571,47375, and

stocks, $135,465

4,706,938 7?

5. Cash in company's office, $97,530.66; deposited in bank,

$253,746.20



351,27686

II. Ledger assets

$ 5,728,215 61

NON-LEDGER ASSETS.

19. Gross premiums in course of collection, viz.: Fidelity and Surety.

On policies or renewals issued subsequent to

October 1. 1903

$ 95.507 36

95,507 36

37 Gross asse.ts

$ 5,823.72297

DEDUCT ASSETS NOT ADMITTED.
44- Book value of ledger assets over market value, viz.: Depreciation from book value of ledger assets to bring same to market value
Si. Admitted assets

36.455 75 5,787,267 22

Losses and claims :

V.--LIABILITIES.

Adjusted, due In process of adjustment Reported, proofs not received Resisted by policy-holders

Fidelity and Surety.

$

724 32

45,766 66

59.664 73

182,606 20

16. Net unpaid claims

$ 288,761 91

414

COMPTROLLER-GENERAL'S REPORT.

25. Gross premiums (less reinsurance) upon all unexpired risks running one year or less from date of policy, $1,402,556.36; unearned premiums, 50 per cent

701,278 18

47. Total amount of all liabilities, except capital

$

48. Capital actually paid up in cash

$ 2,000,000 00

49. Surplus over all liabilities...

2,797,227 13

990.040 09

50. Surplus as regards policy-holders

4,797,227 13

51. Total liabilities

$ 5.787,267 22

Business in Georgia during 1903.

Gross premiums on risks written or renewed dur-

ing the year

$

Gross losses paid

Gross losses incurred

Fidelity.
14.50096 $ c 2,-, 2I r Tg2 60

Surety 5.34698

GENERAL ACCIDENT ASSURANCE CORPORATION, LTD., OF GREAT BRITAIN.

MUIR & HAUGHTON, United States Managers. Principal Office United States, S. W. corner Fourth and Walnut Streets,
Philadelphia, Pa. WM. A. AVRIGHT, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

I. Amount of capital paid up in

cash, deposit N. Y. insur-

ance department

$ 250,000 00

Amount of net or ledger assets December 31

of previous year

$

Extended at

498.325 64 $

II.--INCOME DURING YEAR I903.

I. Cash received for premiums on new policies and renewal

premiums, without deductions for commissions or othe.r

expenses

^

8. Cash received for interest on mortgage loans

9. Cash received for interest on bonds owned, and dividends on stock

11. Cash received for interest on other debts due the company.

13. Cash received for rents for use of company's property, in-

cluding $5,000 for company's own occupancy

14. Cash received for profits on sales of bonds or stocks 18. Money borrowed

19- From all other sources, viz. Agency contingent deposit forfeited

Total $

498,325 64
389,786 39 1,509 37
11,888 50 318 10
6,440 00 52 50
io,574 SO 5,000 00 425,569 39

COMPTROLLER-GENERAL'S REPORT,

415

III.--DISBURSEMENTS DURING YEAR 1903.

I Cash paid for death claims, including all

claims

$

6. Deduct amount received from other compa-

nies for losses or claims on policies of this

company reinsured

TM6'277 75 971 39

7. Total net amount actually paid for losses

16. Cash paid stockholders for interest or divi-

dends, remitted to home office

$

17. Cash paid for commissions and bonuses to agents (less commission on reinsurance)..

18. Cash paid for adjustments 19. Cash paid for medical examiners' fees, $1,-

491; inspection of risks, $1,939-79

20. Cash paid for salaries and all other compensation of officers and other home office em-

ployees

21. Cash paid for taxes on new premiums and

renewa,,li,,s

. .

22. Cash paid for taxes on investments

23. Cash paid for insurance department fees and

agents' licenses, $1,012.50; municipal li-

censes, $100 2zL Cash paid for rent, including $5,000 compa-
ny , s occupancy 26. Cash paid for furniture, fixtures and safes
for home and agency office 27 Cash paid for advertising, $306; printing, $9,-

27853



28 Cash paid for real estate expenses, other than

taxes, $241; for legal expenses, $804.79

29. Cash paid for the following items, viz.: Postage and express, $6,19108; travel expense,

$2,498.90; coal, $415-12; lighting, $589-35; telephone, $277-74; bonds, $113; auditors,

$975 ; sundries, $2,355-99

Total miscellaneous expenses

30. Total disbursements

$ H5,3o6 36 24,747 50 116,992 49 29,840 41
3430 79
32,575 48 6,"700 00 1,021 86
WMSO 6,'^4-5>5J 00 3,587 64 9'58453 I>45 79

I3'4I . .$

230o09 70 365,816 06

rv.--ASSETS AS PER LEDGER ACCOUNTS.

I Cost value of real estate, exclusive of all in-

cum,brances

$ T

2. Loans on mortgages (first liens) on real es-

tate

98,441 05 ^

416

COMPTROLLER-GENERAL'S REPORT.

6. Cost value of bonds and stocks owned, excluding accrued interest at time of purchase
8. Cash deposited in banks

11. Total net or ledger assets

$

12. Deduct depreciation from cost of assets, to

bring same to market value

13. Total net or ledger assets, less depreciation

427,438 25 2,199 07
558,078 97
29,732 00 $

528,346 97

OTHER ASSETS.

14. Interest due and accrued on mortgages

15. Interest due and accrued on bonds and stocks

18. Interest due and accrued on other assets

New Business. 23. Cross premiums due and unreported on poli-

cies in force December 31, 1903

$ 50,222 35

25. Deducting three months due

1,388 92

26. Net amount of uncollected and deferred premiums.

28. Total assets

.$

314 45 3,666 66
65 00
48.833 43 581,226 51

V.--LIABILITIES.

I. Net present value of all the outstanding poli-

cies in force on the 51st day of December.

1903, computed according to actual un-

earned premiums

$

Deduct net value of risks of this company re-

insured in other solvent companies

164,506 18 4.382 38

Net reinsurance reserve

5. Claims for death losses and matured endow-

ments in process of adjustment or adjusted

and not due

$

6. Claims for death losses and other policy

claims resisted by the company

$
12,047 00 68.790 00

Total policy claims 12. Amount of national, State or other taxes due, and due on
account of salaries, rents and office expenses 14. Amount due by the company for borrowed money 16. Amount of any other liability of the company, viz.: Ex-
penses, $2.200; commissions, $11.748.66

17. Liabilities on policy-holders' account 18. Cross surplus on policy-holders' account

19. Total liabilities

$

160.123 80
80,837 00 4.602 32 io,574 53 13,948 66 270.086 31 311,140 20 581,226 51

COMPTROLLER-GENERAL'S REPORT.

417

GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OP NEW YORK.

CORNELIUS VAN COTT, President.

Louis H. FIBEL, Secretary.

Home Office, 290-294 Broadway, New York, N. Y.

GERRET SCOFIELD, Atlanta, Attorney for Service in Georgia.
I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 125,000 00

2. Amount of ledger assets December 31 of

previous year

?

Extended at

225,719 11 $

225,719 11

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31-

Accident.

Health.

Gross premiums unpaid Decem-

ber 31 last year

$

19,026 50

Gross premiums .written and renewed during the year

218,444 10

23,320 00

Total

$

Deduct gross premiums now in

course of collection

237,47060 17,561 05

23,32000 2.740 75

Entire premiums collected during

the year

$

Deduct reinsurance, return pre-

miums and cancellations

219,909 55 52,926 90

20,579 2S 2,775 75

Net cash actually received for

premiums

$ 166,98265

17,803 5

21. Interest on bonds and dividends on stock

22 Interest from all other sources

30. From all other sources: Fixtures, $22; license, and fees,

$85; expense, $51-65; return premiums, $205.94; claims,

$349.14; commissions, $824.09

_

36. Total income

.$

184,786 15 7,378 40 445 07
i,537 82194,147 44

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31

Accident. Gross amount paid for losses... $ 61,09981

Health. 2,68161

Net amount paid policy-holders

for losses

61,099 81

2,681 61

a or brokerage; less amount" received on return

premiums and reinsurance for the following classes: Accident, $54."9-44; health- $5,34i5-

27 in

63,781 4259,460 49

418

COMPTROLLER-GENERAL'S REPORT.

22. Stockholders for interest or dividends (amount declared during the year)
23. Salaries, fees and other compensation of officers and home office employees
24. Salaries, traveling and all other expenses of agents not paid by commissions
25. Medical examiners' fees and salaries 2.7. Rents 30. All other taxes, licenses and insurance department fees.... 31. Legal expenses (not included in No. 14) 32. Advertising 33. Printing and stationery 34. Postage and express 35. Furniture and fixtures 36. Loss on sale or maturity of ledger assets: Profit and loss,
$325.25; return premiums, $2,513.43; journal sub., $118.75; tear, expense, $2,829.76; general expense, $4,063.62

45. Total disbursements

$

6,250 00
22,649 34
720 00 1,287 00 1,916 67 3.963 60
694 14
388 55
3,296 45 1,410 27
102 63
9,850 81 175,771 37

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest, $141,386.67, and

stocks, $62,375

$

5. Cash in company's office, $8,646.41; deposited in bank,

$31,687.10

203,76167 40,333 51

11. Ledger assets

$ 244,095 18

NON-LEDGER ASSETS.

13. Interest due and accrued on bonds 15. Interest due and accrued on bank balances 19. Gross premiums in course of collection, viz.:

On policies or renewals issued

Accident.

subsequent to October 1....$ 15,701 30

On policies or renewals issued

prior to October 1

1,859 75

37. Gross assets

.'

1,717 67 54 89

Health. 2,540 75

200 00 $

20,301 80 266,169 54

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection writ-

ten prior to October 1, 1903

$

44. Book value of ledger assets over market

value, viz.: Bonds and stocks

2,059 75 1,566 67

51. Admitted assets

$

3,626 42 262,543 12

COMPTROLLER-GENERAL'S REPORT.

419

V.--LIABILITIES.

I. Losses and claims:

Accident.

Reported, proofs not received.$ 2,710 75

Resisted by company

2,625 o

Health. 377 92

16. Net unpaid claims

$

5,335 75

377 92

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $168,-

034.62; unearned premiums, 50 per ce.nt

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October 1, 1903, viz.: Accident, $4,892.81; health, $762.22

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$
125,000 00 42,I57 "

50. Surplus as regards policy-holders

51. Total liabilities

$

Business in Georgia during 1903.

Accident.

Gross premiums on risks written or renewed

during the year

$

954 5

Gross losses paid Gross losses incurred

!97 3 T97 38

5,713 67
84,017 31
5,655 03 95,386 01
167,157 11 262,543 12
Health. 282 25 53 57 53 57

GUARANTEE COMPANY OF NORTH AMERICA.

EDWARD RAWLINGS, President.

ROBERT KERR, Secretary.

Home Office, 57 Beaver Hall Hill, Montreal, Canada. _ JAMES S. RUSSELL, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 304,600 00

2. Amount of ledger assets December 31 of

previous year 3. Increased valuation

$ ' M34.823 93 2>l68 66

Extended at

$ 1,136,99259

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31. Fidelity.

Gross premiums unpaid December 31 last

year

;$

Gross premiums written and renewed during

the year

,I39 38 z62'893 l8

Total

$ 272,03256

420

COMPTROLLER-GENERAL'S REPORT.

Deduct gross premiums now in course of collection
Entire premiums collected during the year. .$ Deduct reinsurance, return premiums and
cancellations

8,433 14 263,599 32
58,688 96

Net cash actually received for premiums

$

21. Interest on bonds and dividends on stock

22. Interest from all other sources

23. Gross rents from company's property, including $2,250 for

company's own occupancy

204,910 36 43.027 23
3,251 44
3,664 41

36. Total income

$ 254,853 44

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31. Fidelity.

Gross amount paid for losses

$ 52,977 11

Deduct salvage and reinsurance

26,11968

Net amount paid policy-holders for losses

$

14. Investigation and adjustment of claims, including legal and

other expenses in defense of suits against policy-holders,

viz.: Fidelity

18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes:

Fidelity..

22. Stockholders for interest or dividends (amount declared

during the year, 8 per cent.)

23. Salaries, fees and other compensation of officers and home

office employees

24. Salaries, traveling and all other expenses of agents not

paid by commissions

26. Inspections (other than medical)

2J. Rents, including $2,250 for company's own occupancy

28. Repairs and expenses (other than taxes) on real estate. .. .

29. Taxes on real estate

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

31. Legal expenses (not included in No. 14)

32. Advertising

33. Printing and stationery

34. Postage and express

40. All other disbursements: Office charges

26,857 43
11,801 34
7,553 82
24,368 00
42,312 37
21,438 36 12,239 69 7,148 12
1,109 72 671 44
5,972 69 1,233 34 1,013 19 3,069 67 5,512 07 2,613 64

45. Total disbursements

\ 174,914 89

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered, $61,350; incum-

bered, $2,000

$ 63,35000

2. Mortgage loans on real estate, first liens

350 00

COMPTROLLER-GENERAL'S REPORT.

421

4. Book value of bonds, excluding interest, $349,065, and stocks, $686,046.17
5. Cash in company's office, $3,489.46; deposited in bank, $110,993.96
7. Other ledger assets : Furniture and safes

i,03S,iu 17
114,48342 3,636 55

11. Ledger assets

$ 1,216,931 H

NON-LEDGER ASSETS.
13. Interest due and accrued on bonds 15. Interest due and accrued on other assets 19. Gross premiums in course of collection, viz.:

On policies or renewals issued subsequent to

October 1

$

Fidelity. 8,433 14

6,150 07 1,200 00

33. Total

8,433 14

37. Gross assets

$ 1,232,714 35

DEDUCT ASSETS NOT ADMITTED.

40. Furniture and fixtures

$

44. Book value of ledger assets over market

value, viz.: Bonds, $4,482; stocks, $26,878..

3,636 55 31,360

34,996 55

51. Admitted assets

$ 1,197,717 80

I. Losses and claims:

V.--LIABILITIES.

In process of adjustment

$

Reported, proofs not received

Resisted by company

Fidelity.
14,138 00 3,229 00 27,174 00

Total 15. Deduct reinsurance

44,541 00 16,91300

16. Net unpaid claims

$

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $222,-

178.62; unearned premiums, 50 per cent

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October 1, 1903, viz.: Fidelity

32 Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

d,ue or accrued,

..

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 304,600 00 747,688 84

27,628 00
111,08931
421 65 6,29y0 00 145,428 96

50. Surplus as regards policy-holders

1,052,288 84

51. Total liabilities

$ i,i97,7i7 80

422

COMPTROLLER-GENERAL'S REPORT.

. Business in Georgia during 1903.
Gross premiums on risks written or renewed during the year. .$ Gross losses paid Gross losses incurred

Fidelity. 8,008 90 7.95 26 7.782 39

HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY.

CHARLES M. BEACH, Vice-President.

J. B. PIERCE, Secretary.

Home Office, 650 Main Street, Hartford, Conn.

1.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 500,00000

2. Amount of ledger assets December 31, 1902. .$

Extended at

2,640,082 73 $

2,640,08273

11.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross premiums unpaid December 31 last

year

$ 369,049 63

Gross premiums written and renewed during

the year

1,461,988 59

Total

$ 1,831,038 22

Deduct gross premiums now in course of col-

lection

335,550 71

Entire premiums collected during the year. .$ 1,495,487 51

Deduct reinsurance return premiums and

cancellations

191,233 15

18. Net cash actually received for premiums

$

19. Interest on mortgage loans

21. Interest on bonds and dividends on stock

22. Interest from other sources

23. Gross rents from company's property

25. Profit on sale or maturity of ledger assets: On real estate,

$15,456.32; on sale or maturity of securities, $2,762.90....

29. Special inspections and expert mechanical service

1,304,254 36 31,574 01 95,683 27 3,770 69 783 47
18,219 22 10,028 61

2,6. Total income

$ 1,464,313 63

COMPTROLLER-GENERAL'S REPORT.

423

HI.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Steam Boiler.

Gross amount paid for losses

$ I57,!54 67

Net amount paid policy-holders for losses

$

18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes:

Steam boiler

Stockholders for interest or dividends (amount declared

during the year)

23- Salaries, fees and other compensation of officers and home office employees

24. Salaries, traveling and all other expenses of agents not paid by commissions

26. Inspections (other than medical) 27. Rents, company's own occupancy 28. Repairs and expenses (other than taxes) on real estate

29. Taxes on real estate
30. All other taxes, licenses and insurance department fees
31- Legal expenses 32. Advertising 33- Printing and stationery 34- Postage and express 35- Furniture and fixtures 36. Loss on sale or maturity of ledger assets: On real estate,
$300; on sale or maturity of securities, $1,571-75

IS7.IS4 67
336,503 68
60,000 00
57,900 00
138,248 85 480,724 !
5.500 00 697 79 328 67
39.57 20 1>42i 74
I0.S52 38 17.938 42 2,955 4
I>775 22
I>871 75

45- Total disbursements

$ 1,313.142 87

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered

$ 19,090 00

2. Mortgage loans on real estate, first liens

717,520 00

4- Book value of bonds, excluding interest, $1,655,763.43, and

stocks, $260,41573

I,9i6,i79 16

Cash in company's office, $6,755.28; deposited in bank,-

$131,709-05

r38,464 33

Ledger assets

$ 2,791,253 49

NON-LEDGER ASSETS.

12. Interest due and accrued on mortgages 18. Market value of bonds and stocks over book value

19. Gross premiums in course of collection, viz. :

Steam Boiler.

On policies or renewals issued subsequent to

October 1, 1903

$

2l6'777 66

On policies or renewals issued prior to October 1, 1903

n8,773 05

17,814 U 100,969 84

33- Total 37- Gross assets

335,550 71 .$ 3,245,588 18

424

COMPTROLLER-GENERAL'S REPORT.

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection writ-

ten prior to October 1, 1903

$

50. Excess of market value of special deposits

over liabilities in any State or States

118,773 05 4,650 03

123,423 08

51. Admitted assets

$ 3,122,165 10

I. Losses and claims:

V.--LIABILITIES.

In process of adjustment

$

Steam Boiler. 20.415 03

16. Net unpaid claims

$

2$. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $109,-

765.21; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date of policy,

$3,412,382.10; unearned premiums, pro rata

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October 1, 1903, viz.: Steam boiler

20,415 03 54.882 60 1,796,473 18 32,516 64

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 1,904,287 45 500,000 00 717',877 65

50. Surplus as regards policy-holders

$ 1,217,877 65

51. Total liabilities

$

Business in Georgia during 1903.

Gross premiums on risks (written or renewed during the year..$ Gross losses paid

3,122,165 10
Steam Boiler. 16,913 22 463 40

LONDON GUARANTEE AND ACCIDENT COMPANY, LTD.

A. W. MASTERS, General Manager. Home Office for the United States, 315 Dearborn Street, Chicago, 111.
JOHN C. WHITNER, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash (statutory deposit) .. .$ 200,000 00

2. Amount of ledger assets December 31 of

previous year

$

Extended at

1,200,398 73 $

1,200,398 73

COMPTROLLER-GENERAL'S REPORT.

425

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Accident.

Liability.

Gross premiums unpaid December

31 last year

$

26,97488

143,924 43

Gross premiums written and renewed during the year

199,798 52 1,199,406 83

Total Deduct gross premiums now in
course of collection

226,773 40 1,343,331 26 36,378 18 171,565 64

Entire premiums collected during

the year

*

Deduct reinsurance, return pre-

miums and cancellations

_

190,395 22 29,223 24

Net cash actually received for

premiums

$ *W #

'21. Interest on bonds and dividends on stock

22. Interest from all other sources..

1,171,765 62 137,945 66
I,033,8I9 96

1,194,991 94
37,225 5i 1,644 74

2,6. Total income

HI--DISBURSEMENTS.

.$ 1,233,862 19

As Shown by the Books at the Home Office*Close of Business December 3,

Gross amount paid for losses.$ 100,609 92 372,8n

Net amount paid policy-holders for losses..........

.$

Investigation and adjustment of claims, including lega and 14 other expenses in defense of suits against policy-holders,

viz Accident, $1,286.9:1 liability, $I33,478.56



18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes.

Accident, $44,322.79; liability, $278,08376 ..-

22. Stockholders for interest or dividends (amount declared

during the year), remitted home office



33. Salaries, fees and other compensation of officers and home

office employees



" " ''

24. Salaries, traveling and all other expenses of agents not

paid by commissions

26. Inspections (other than medical)

27. Another taxes','licenses and insurance department fees.

30.

31- Legal expenses (not included in No. 14)

32. Advertising

33- Printing and stationery

34- Postage and express

3540.

Furniture and fixtures All other disbursements:

Traveling expenses

$3,159-51;

exchange, $460.04; trustees' and auditors' fees, $6,768.18;

sundries, $7,442.09

45. Total disbursements.

473,421 44
I34,76, 47
322,4o6 5.
55,939 12 12,314 24 8,223 12 6,47i 97 17,348 75
2,630 42 3,501 55 io,347 93 3,469 49 1,590 06
17,829 82 1,116,767 11

426

COMPTROLLER-GENERAL'S REPORT.

IV.--LEDCER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest

$ 1,192,062 89

5. Cash in company's office, $1,730.92; deposited in banks,

$123,700

125,430 92

ir. Ledger assets.

1.317.493 81

NON-LEDGER ASSETS

13. Interest due and accrued on bonds 19- Gross premiums in course of collection, viz.

13,184 81

^ ... On policies or renewals issued

Accident.

Liability.

subsequent to Oct. 1, 1903..$ On policies or renewals issued

33,026 80

160,717 04

prior to October 1, 1903...$

3,351 38

10,848 60

33- Totals

$

36,378 18

171,565 64

207,943 82

37. Gross assets.

$ 1,538,622 44

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection writ-

ten prior to October 1, 1903

$ 14,199 98

44, Book value of ledger assets over market value

45,520 11

50. Excess of market value of special deposits over liabilities in any State or States
51. Admitted assets.

59,720 09 1,478,902 35

v.--LIABILITIES.

1. Losses and claims:

Accident.

Reported, proofs not received. Resisted by company

16.963 36 7,675 00

Liability. 5,200 00

16. Net unpaid claims

$ 24,648 36

5,200 00

17- Special reserve for unpaid losses, viz.: Liability

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $893,-

199-54; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date of policy,

$18,018.14; unearned premiums, pro rata

28. Commissions, brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1, 1903, viz.: Accident, $8,704.53; liability, $44,197.18

32. Salaries, rents, expenses, taxes, bill's, accounts,' fees' etc' due or accrued
37. Reinsurance

39- Reserve for State fees and taxes 40. Contingent reserve (liability department)

29,838 36 355,950 00
446,599 77
14.931 72
52,901 71 3,93i 73 3,852 81 20,000 00 100,000 00

47- Total amount of all liabilities, except capital

$ 1,028,006 10

COMPTROLLER-GENERAL'S REPORT.

427

48. Capital actually paid up in cash, statutory

deposit

$

49. Surplus over all liabilities

50. Surplus as regards policy-holders

5,. Total liabilities

200,00000 25>896 25

45'896 25

$ 1,478,902 35

Business in Georgia during 1903. Accident.

Gross premiums received on risks written or

renewed during the year

%

3,342 46

Gross losses paid

" 6,0x418

Gross losses incurred

6,014 18

Liability.
5,252 5 2,89877 2,898 V

LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK.

WILUAM T. WOODS, President.

CHARLES E. W. CHAMBERS, Secretary.

Home Office, 63 William Street, New York, N. Y. A. L. WALDO, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

casjj

$ 250,00000

2. Amount of ledger assets December 31 of

previous year

*

Extended at

610420 SS .$

610,420 55

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Plate Glass.

G'ross premiums unpaid December 31 last
year. Gross premiums written and renewed dur-

71,894 39

ing the year

456,309 78

Total



.$

Deduct gross premiums now in course of

collection

528,204 17 73,i5i 11

Entire premiums collected during the year. .$ Deduct reinsurance, return premiums and
cancellations.

455,053 06 21,527 97

18 Total net cash actually received for premiums 21. Interest on bonds and dividends on stock 23. Gross rents from company's property
36. Total income.

$ 433,525 09 4,90^ 43
$ 462,689 17

428

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross amount paid for losses. Deduct salvage and reinsurance

Plate Glass. $ 146,72468
:,III 27

Net amount paid policy-holders for losses

$

18. Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes:

Plate g,ass

.'

22. Stockholders for interest or dividends (amount declared

during the year)

23. Salaries, fees and other compensation of officers and home office employees

24. Salaries, traveling and all other expenses of agents not

paid by commissions 27. Rents

28. Repairs and expenses (other than taxes) on real estate... 29. Taxes on real estate

30. All other taxes, licenses and insurance department fees 31. Legal expenses (not included in No. 14) 32. Advertising

33. Printing and stationery

34. Postage and express

35. Furniture and fixtures

40. All other disbursements: Sundries

45. Total disbursements

.$

138,613 41
142,705 83
40.000 00
50,764 80
1,411 08 I.I34 55 4,577 25 4,972 62 12,465 98
179 23 3,290 22 3,302 91 4.521 81
160 25 5,121 40
413,221 34

.

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered

$ 245,763 18

4. Book value of bonds, excluding interest, $192,253.12, and

stocks, $189,771.82

'

382,02494

5. Cash in company's office, $10,896.39; deposited in bank, $21,-

20387

32.100 26

11. Ledger assets

$ 659,888 38

NON-LEDGER ASSETS.

17. Market value of real estate over book value

18. Market value of bonds and stock over book value.

Plate Glass. 19. Gross premiums in course of collection, viz.:

On policies or renewals issued subsequent to

October 1, 1903

$

On policies or renewals issued prior to Oc-

tober 1, 1903

71,591 95 1.559 16

33- Total 34- Other non-ledger assets, viz.: Salvage glass on hand, $5,-
171.76; sundry account, $120

37- Gross assets

5

19,236 82 18,382 02
73,151 11 5,291 76
-.-.- 950 09

COMPTROLLER-GENERAL'S REPORT.

429

DEDUCT ASSETS NOT ADMITTED.

41. Supplies, printed matter and stationery (sal-

vage glass on hand)

$

43. Gross premiums in course of collection writ-

ten prior to October 1

44. Book value of ledger assets over market

value, viz.: Sundry accounts

5,171 76 i,SS9 16

6,850 92

51. Admitted assets.

v.--LIABILITIES.

1. Losses and claims: In process of adjustment.

Plate Glass. 3,155 21

769,099 17

16. Net unpaid claims

$

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $370,-

651.71; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date of policy,

$102,688.23; unearned premiums, pro rata

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October I, viz.: Plate glass

32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued, including plate glass and glazing

3,155 21 185,325 85 54,140 56
17,897 99 10,813 93

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities



$ 250,000 00 247,765 63

271,333 54

50. Surplus as regards policy-holders

497,765 63

51. Total liabilities

3 769,099 17

Business in Georgia during 1903.
Gross premiums on risks written or renewed during the year. A Gross losses paid Gross losses incurred

Plate Glass.
1,444 03 470 09 342 60

MARYLAND CASUALTY COMPANY.

JOHN T. STONE, President.

JAMES F. MITCHELL, Secretary.

Home Office, Equitable Building, Baltimore, Md.

I.--CAPITAL STOCK.

1 Amount of capital paid up in

cash

$ 75o,ooo 00

2 Amount of le.dger assets December 31 of

previous year.

$

Extended at

2,439,8Si 35 $

2439,851 35

in 3* O s13
o<!-

oB" W

O o

o

g

oK>

n H

Gross Premiums Gross Premiums

Unpaid

Written and

December 81, Renewed During

Last Year.

the Year.

Total.

r*

Deduct Gross Premiums Now

Entire

Premiums

Deduct surance,

ReinReturn

Net Cash Actually Re-

8jf-f-

a in Course of
Collection.

During the Year.

Premiums and Cancellations.

ceived for Premiums.

P3 O pi-1 H

O M

4. Accident 5. Health

$

53,310 46 $ 310,290 85 $ 3a3,601 3! f

48,641 01 $ 314,960 30 $

78,426 97 $

3 |
fl>
236,533 33 o 5

fIfi

6,418 47

37,418 52

43,836 99

5.508 56

38,328 43

10,451 71

27,876 72 3? O 21

6. Liability

291,992 26 1,602,841 83 1,894,834 09 272,057 84 1,622,776 25 292,780 21 1,329,996 04 M

9. Plate glass....

19,416 24

133,604 81

153,021 05

22,189 32 130,831 73

24,983 15

105,848 58 *< w W

10. Steam boiler.. 11. Burglary 13. Sprinkler

25,547 90 4,933 58 9,572 84

100,168 12 91,597 91 68,205 57

125,716 02 96,531 49 77,778 41

23,121 76 15,475 63 11,656 96

102,594 26 81,055 86 66,121 45

29,929 03 22,278 85 11,205 87

81,665 23 58,777 01
54,915 58

O
oto

o

P f 02
W w

17. Total

$ 411,191 75 $ 2,344,127 61 $ 2,755,319 36 $ 398,651 08 $ 2,356,668 28 $ 461,055 79 $ 1,895,612 49 r-t-> td

oT3

to B'

H

to<T>

d
o n
53B"

COMPTROLLER-GENERAL'S REPORT.

431

18. Total net cash actually received for premiums 21. Interest on bonds and dividends on stock 22. Interest from all other sources 23. Gross rents from company's property 25. Profit on sale or maturity of ledger assets 29. Inspections

$ 1,895,612 49 92,146 71 363 62 5.487 87 3.890 59 56,856 10

36. Total income

$ 2,054,357 38

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31. Gross amount ; paid for losses.

1. Accident

131,134 00

2. Health

18,947 10

3. Liability

444,167 54

6. Plate glass

46,305 36

7. Steam Boiler

6,373 96

8. Burglary

6,719 47

10. Sprinkler

11,294 82

Total 14. Investigation and adjustment of claims, including legal and
other expenses in defense of suits against policy-holders, viz. : Accident, $3,847.97 ; health, $435-70; liability, $223,485.69; plate glass, $140.60; steam boiler, $1,156.08; burglary, $772.56; sprinkler, $570-49 18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: Accident, $79,327.04; health, $7,886.61; liability, $331,855.85; plate glass, $35,139.12; steam boiler, $29,843.41; burglary, $14,697.38; Sprinkler, $13,503-26 22. Stockholders for interest or dividends (amount declared during the year) 23. Salaries, fees and other compensation of officers and home office employees 24. Salaries, traveling and all other expenses of agents not paid by commissions 26 Inspections (other than medical)
27. Rents 28. Repairs and expenses (other than taxes) on real estate 30 All other taxes, licenses and insurance department fees
32. Advertising 33. Printing and stationery 34. Postage and express 35. Furniture and fixtures 40. All other disbursements : General expense

664,942 25
230,409 09
512,252 67
93,750 00 79,oio 91 95,833 5 48,221 74 5,8o6 72
6,299 57 43,8i9 41 8>fe6 QI
8,925 23 3'99 53 2& ^ 13,369 20

45. Total disbursements

$ 1,818,162 67

432

COMPTROLLER-GENERAL'S REPORT.

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

I. Book value of real estate, unincumbered

$

4. Book value of bonds, excluding interest, $2,018,813.53, and

stocks, $233,749.75

$

5. Cash in company's office, $17,107.27; deposited in bank,

$32,993.29

6. Bills receivable

7. Other ledger assets: Furniture (cost $16,850.31), $100;

agents' debit balances, $11,304.37; ground rent (first lien

under Maryland laws on office building of the Maryland

Telephone & Telegraph company, corner Lexington and

Courtland streets, Baltimore (worth $235,000), $100,000.

255,500 00 2,252.563 28
50.100 56 6,681 16
111,404 37

Total.

.'

Agents' credit balances

$ 2,676,249 37 203 31

Ledger assets

$ 2,6/6,046 06

NON-LEDGER ASSETS.

13. Interest due and accrued on bonds

19. Gross premiums in course of collection, viz. :

On policies or renewa's issued subsequent
to Oct. 1,1903.

20. Accident, less commissions

33,879 16

21. Health, less commissions

3,855 99

22. Liability, less commissions

204,043 38

25. Plate glass, less commissions

15,532 52

26. Steam boiler, less commissions

17,341 32

27. Burglary, less commissions

11,606 /1

29. Sprinkler, less commissions

8,742 72

11,496 25

33. Total

29S,ooi 80

37. Gross assets

$ 2,982,544 11

DEDUCT ASSETS NOT ADMITTED.

39. Bills receivable

$

40. Furniture and fixtures

44. Book value of ledger assets over market value

45. Agents' debit balance

6,681 16 100 00
5,636 81 11,304 37

23,722 34

51. Admitted assets

$ 2,958,821 77

COMPTROLLER-GENERAL'S REPORT.

433

V.--LIABILITIES.

Adjusted.

Resisted.

In Process Reported

Not Due.

of Adjust- Proofs not

ment.

Received.

By Company.

For Policy holders.

2. Accident 3. Health 4. Liability 7. Plate glass.... 8. Steam boiler. 9. Burglary 11. Sprinkler...... 14. Total3

8,700 77 677 78 ?
3.863 00

S 83,269 12
2,838 00

22,891 25 8 1,315 00 2,495 00 7,275 00 1,800 00

15,125 00 100 00 8 355,948 31
800 00
500 00

$ 8.241 77 j 86,107 12 $ 35,776 25 $ 16,525 00 8 355,948 31

16. Net unpaid claims

$

17. Special reserve for losses, viz.: Liability

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $1,-

381,132.35 ; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date of policy,

$161,624.42; unearned premiums, pro rata

502,598 45 100,000 00
690,566 19
92,264 05

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 750,000 00 823,39308

1,385,428 69

50. Surplus as regards policy-holders

1,573,393 08

Si. Total liabilities

$ 2,958,821 77

Business in Georgia during 1903.

32. Accident 33. Health 34. Liability.... 37. Plate glass.. 38. Steam boiler 39. Burglary.... 41. Sprinkler...
44. Total

Gross Premiums on Risks Written or Re-

Gross Losses Paid. Gross Losses Incurred.

newed during year.

14,480 28 373 14
17,702 73 1,670 89 1,298 76 1,156 65
532 60
37,215 05

8,028 73 r 315 17
11,605 62 531 38 50 25 133 75 17 12
20,682 02 $

8,028 73 315 17
11,605 62 531 38 50 25 133 75 17 12
20,682 O'i

28 in

434

COMPTROLLER-GENERAL'S EEPOET.

METROPOLITAN PLATE GLASS INSURANCE COMPANY OF NEW YORK.

EUGENE H. WINSLOW, President.

S. WM. BURTON, Secretary.

Home Office, 47 Cedar Street, New York, N. Y.

HENRY M. NORTH, Augusta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 200.00000

2. Amount of le.dger assets December 31 of

previous year

$

Extended at

486,107 81 $

486,10781

11.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Plate Glnss Gross premiums unpaid December 31 last

year

$ 52,271 14

Gross premiums written and renewed during

the year

399,825 12

Total

$

Deduct gross premiums now in course of col-

lection

452,09626 58,363 95

Entire premiums collected during the year. .$ Deduct reinsurance, return premiums and
cancellations

393,732 31 50,576 01

Net cash actually received for premiums 21. Interest on bonds and dividends on stock 22. Interest from all other sources
36. Total income

$ 343,156 30 17,213 43 1,078 28
$ 361,448 01

in.--DISBURSEMENTS,

As Shown by the Books at the Home Office at Close of Business December 31.

Gross amount paid for losses Deduct salvage and reinsurance

Plate Glass. $ 125,835 50
9i794 02

Net amount paid policy holders for losses

$

18. Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes:

Plate glass

22. Stockholders for interest or dividends (amount declared

during the year)

23. Salaries, fees and other compensation of officers and home

office employees

116,041 48
120,669 91
20000 00
42,500 40

COMPTROLLER-GENERAL'S REPORT.

435

24. Salaries, traveling and all other expenses of agents not paid by commissions
27. Rents 30. All other taxes, licenses and insurance department fees. ... 31. Legal expenses 32. Advertising 33. Printing and stationery 34. Postage and express 35. Furniture and fixtures 40. All other disbursements: Traveling expenses, $819.31; sun-
dries, $5,246.85 ; profit and loss, $234.05

45. Total disbursements

$

4,617 79 6,434 90 10,097 75
94 54 2,602 63 3,817 74
62 50 3,634 68
6,300 21
338,71710

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest, $276,900, and

stocks, $202,331.93

$ 479,23193

5. Cash in company's office, $3,161.60; deposited in bank, $26,-

44519

29,60679

II. Ledger assets

$ 508,838 72

NON-LEDGER ASSETS.

14. Interest due and accrued on collateral loans

18. Market value of bonds and stock over book value

19. Gross premiums in course of collection, viz.:

On policies or renewals issued subsequent to

Plate Glass.

October I, 1903

$ 50,181 17

On policies or renewals issued prior to Oc-

tober I, 1903

8,18278

33. Total 34. Other non-ledger assets, viz.: Plate glass on hand, $1,-
871.59; accounts due for glass sold, $699.10

37. Gross assets

$

DEDUCT ASSETS NOT ADMITTED.

43 Gross premiums in course of collection written prior to October 1

Si. Admitted assets

$

V.--LIABILITIES.

I. Losses and claims:

In process of adjustment

$

Plate Glass 4472 97

16. Net unpaid claims

$

3,416 65 18,623 07
58,363 95 2,570 69 59i,8i3 08 8>l82 78 583,630 30
4,472 97

436

COMPTROLLER-GENERAL'S REPORT.

25. Gross premiums (less reinsurance) upon all unexpired risks running one year or less from date of policy, $355,980.34; unearned premiums, 50 per cent
28. Commission, brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1, viz.: Plate glass

177,990 17 16,727 06

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

50. Surplus as regards policy-holders

$ 200,000 00 184.440 10

199,190 20 384,440 10

51. Total liabilities

$

Business in Georgia during 1903.

Gross premiums on risks written or renewed during the year..$

Gross losses paid

Gross losses incurred

583,630 30
2,439 93 600 39 741 21

NATIONAL SURETY COMPANY OF NEW YORK.

CHAS. A. DEAN, President.

BALLARD MCCALL, Secretary.

Home Office, 346 Broadway, New York, N. Y.

1.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 500,00000

2. Amount of ledger assets December 31 of

previous year

$

Extended at

1,593,159 66 $

1,593,159 66

11.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Fidelity and Surety.

Gross premiums unpaid December 31 last

year

$

83,11241

Gross premiums written and renewed during

the year

1,043,182 26

Total

$ 1,126,29467

Deduct gross premiums now in course of

collection

123,000 20

Entire premiums collected during the year. .$ 1,003,294 47

Deduct reinsurance, return premiums and

cancellations

154.785 63

Net cash actually received for premiums

$ 848,508 84

COMPTROLLER-GENERAL'S REPORT.

437

19. Interest on mortgage loans

$

21. Interest on bonds.and dividends on stock. ..

22. Interest from all other sources

23. Gross rents from company's property

95 22 35,688 75
1,715 33 6,328 80

24. Total interest and rents 25. Profit on sale or maturity of ledger assets : On sale of one
parcel real estate, Nashville, Term 30. From all other sources: Trust funds, $9,244.37; suspense
account, $10,899.39

43,828 lb 375 00
20,143 76

36. Total income

$ 912,855 70

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross amount paid for losses

$ 37I>874 58

Deduct salvage and reinsurance

115,386 31

Net amount paid policy-holders for losses

$

14. Investigation and adjustment of claims, including legal and other expenses in defense of suits against policy-holders,

viz.: Surety and fidelity 18. Commissions or brokerage, less amount received on return
premiums and reinsurance for the following classes:

Surety and fidelity 22. Stockholders for interest or dividends (amount declared

during the year) 23. Salaries, fees and other compensation of officers and home

office employees 24. Salaries, traveling and all other expenses of agents not

paid by commissions 25. Compensation of resident vice-presidents and consulting at-

torneys 26. Inspection (other than medical)

27. Rents 28. Repairs and expenses (other than taxes) on real estate

29. Taxes on real estate 30. All other taxes, licenses and insurance department fees

32. Advertising 33. Printing and stationery

34. Postage and express 35. Furniture and fixtures 40. All other disbursements: Cosurety, $8,372; telephone and
telegraph, $2,829.24; traveling expense (H. O.), $3,780.29; miscellaneous expense, $14,016.90

256,488 27
37,236 13
138,367 18
50,000 00
128,627 55
57,250 23
11,372 26 8,375 60 12,926 63 1,975 89 2,166 61 17,034 20 1,981 75 25,132 71 18,648 14 2,688 69
28,998 43

45. Total disbursements

* 799,290 27

438

COMPTROLLER-GENERAL'S REPORT.

IV.--LEDGER ASSETS.
As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered

$

2. Mortgage loans on real estate, first liens

4. Book value of bonds, excluding interest, $1,107,309.50, and

stocks, $75,000

5. Cash in company's office, $3,902.53; deposited in bank,

$3I4>340.S0

7. Other ledger assets: Equipment, $27,005.83; advanced on

contracts (secured), $21,099.76; tax bills, $142.07

153,008 55 4,916 35
1,182,30950
318,243 03 48,24766

11. Ledger assets

$ 1,706,725 09

NON-LEDGER ASSETS.

12. Interest due, $65.40, and accrued, $102.66, on mortgages. .. . 13. Interest due and accrued on bonds 19. Gross premiums in course of collection, viz.:
Fidelity and Surety.
On policies or renewals issued subsequent to

October 1

$

On policies or renewals issued prior to Oc-

tober 1

90,434 01 32,566 19

168 06 6,533 33

33- Total 3y. Gross assets.

123,000 20 1,836,426 68

DEDUCT ASSETS NOT ADMITTED.

40. Furniture and fixtures, equipment

$

43. Gross premiums in course of collection writ-

ten prior to October 1

44 Book value of ledger assets over market

value, viz.: Bonds and stocks, $141,974.75;

on real e.state, $17,008.55; tax bills, $142-

27,005 83 32,566 19

.07; on advanced on contract, $6,173.58... 165,298 95

Total.

224,870 97

51. Admitted assets

$ 1,611,55571

I. Losses and claims:

V.--LIABILITIES.
Fidelity.

In process of adjustment

$29,24809

Resisted by company

28,996 35

Surety. 16,694 J5
49,839 21

16. Net unpaid claims

$58,244 44 66,533 36

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $887,-

955-8o; unearned premiums, 50 per cent

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

come due to agents or brokers on policies issued subse-

quent to October 1, viz.: Surety and fidelity

37. Reinsurance

102,781 49
443,977 90
13.565 10 1,489 78

MM

COMPTROLLER-GENERAL'S REPORT.

439

38. Other liabilities, viz.: Suspense account, $7,044.16; trust funds, $120,730.45; contingent reserve fund held against all other undetermined claims, $200,000

327>774 61

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 500,000 00 221,96683

889,588 88

50. Surplus as regards policy-holders

721,966 83

51. Total liabilities

$ i,6ii,555 71

Business in Georgia during 1903.

Fidelity and Surety.

Gross premiums on risks written or renewed during the year. .$ 10,027 50

Gross losses paid Gross losses incurred

427 6 427 6

NEW YORK PLATE GLASS INSURANCE COMPANY.

MAX DANZIGER, President.

MAJOR A. WHITE, Secretary.

Home Office, 42 Cedar Street, New York, N. Y.

J. C. CLARK, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 100,00000

2. Amount of ledger assets December 31 of

previous year

$

Extended at

442,103 49 $

442,103 49

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross premiums unpaid December 31 last

year

_$

Gross premiums written and renewed during

the year

97,491 7S 530,474 73

Total

$

Deduct gross premiums now in course of

collection

627,966 48 92,330 26

Entire premiums collected during the year. .$ Deduct reinsurance, return premiums and
cancellations

535,636 22 87>73 23

Net cash actually received for premiums 21. Interest on bonds and dividends on stock...$ 22. Interest from all other sources
24. Total interest and rents.

$
17,406 50 973 63

447,932 99 18,380 13

440

COMPTROLLER-GENERAL'S REPORT.

25- Profit on sale or maturity of ledger assets: Stocks and bonds

6,861 51

36. Total income

$ 473,174 63

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31. Plate Glass.

Gross amount paid for "fosses

$ 165,896 82

Deduct salvage and reinsurance

1,709 52

Net amount paid policy-holders for losses

'.

Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes:

Plate glass

Stockholders for interest or dividends (amount declared

during the year, 11 per cent.)

23- Salaries, fees and other compensation of officers and home

office employees

24- Salaries, traveling and all other expenses of agents not paid

by commissions

27. Rents

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

31- Legal expenses (not included in No. 14) 32. Advertising

33- Printing and stationery

34- Postage and express

35- Furniture and fixtures 40. All other disbursements : Traveling expenses, $130.25 ; sus

pense, $403.09; general expense, $7,872.51

164,187 30
151,360 33
10,000 00
36,161 51
5,497 23 6,274 92 10,788 76
252 84 134 30 2,031 85 1,086 03 142 11
8,405 85

45. Total disbursements

$ 396,323 03

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31,

4- Book value of bonds, excluding interest, $135,009.75, and

stocks, $333,130.05

$ 468,13980

Cash in company's office, $2,278.76; deposited in bank, $48,-

536.53

50,815 29

Ledger assets
NON-LEDGER ASSETS.
19. Gross premiums in course of collection, viz. : On policies or renewals issued subsequent to
October 1 On policies or renewals issued prior to Octo-
ber 1
33- Total.

$
Pla'e G'ass. 91,078 70 1,251 56

518,955 09 92,330 26

37- Gross assets

$ 611,285 35

COMPTROLLER-GENERAL'S REPORT.

441

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection writ-

ten prior to October I, 1903

$

44. Book value of ledger assets over market

value, viz.: Stocks and bonds

1,251 56 6,139 80

Total.

7,391 36

Si- Admitted assets

V.--LIABILITIES.

I. Losses and claims: In process of adjustment.

$ 603,893 99
Plate Glass. 4,372 33

16. Net unpaid claims

$

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $437,-

764.20; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date of policy,

$16,060.32; unearned premiums, pro rata

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent

to October 1, 1903, viz.: Plate glass 32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued 33. Dividends to stockholders (declared but not yet due)

36. Return premiums

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 100,000 00 231,277 57

50. Surplus as regards policy-holders

51. Total liabilities Business in Georgia during 1903.

Gross premiums on risks written or renewed during the year.. Gross losses paid Gross losses incurred

4,372 33
218,882 10
7,599 90
31,709 75 766 79
6,000 00 3,285 55 272,616 42
331,277 57 603,893 99
Plate Glass. 827 03 173 02 173 02

442

COMPTROLLER-GENERAL'S REPORT.

NORTH AMERICAN ACCIDENT INSURANCE COMPANY OF ILLINOIS.

E. C. WALLER, President.

A. E. FORREST, Secretary.

Home Office, 425 Rookery Building, Chicago, 111.

SHEPARD BRYAN, Atlanta, Attorney for Service in Georgia.

I---CAPITAL STOCK.

1. Amount of capital paid up in

casn

$ 100,00000

2. Amount of ledger assets December 31 of

previous year

$

Extended at

199,446 37 $

199,446 37

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

^

.

.. _

Accident.

Gross premiums unpaid December 31 last

year

$

Gross premiums written and renewed during

theyear

59,824 17
4I3s64 0I

Total.
Deduct gross premiums now in course of collection.

473,388 18 56,297 23

Entire premiums collected during the year. . .$ Deduct reinsurance, return premiums and
cancellations

417,090 95 8501s 17

Net cash actually received for premiums

19. Interest on mortgage loans

$

20. Interest on collateral loans

21. Interest on bonds and dividends on stock. ..

22. Interest from all other sources

$ 3,490
840 83
3,889 62 748 75

332,075 78

24. Total interest and rents 30. From all other sources: Hospital fees
36. Total income

8,969 20 559 25
.$ 341,604 23

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross amount paid for losses... Deduct salvage and reinsurance.

Accident. .$ 119,688 56
571 43

Net amount paid policy-holders for losses

$ ug,z 17 13

COMPTROLLER-GENERAL'S REPORT.

443

14. Investigation and adjustment of claims, including legal and other expenses in defense of suits against policy-holders,
viz.: Accident 18. Commissions or brokerage, less amount received on return
premiums and reinsurance for the following classes: Ac-
cident 23. Salaries, fees and other compensation of officers and home
office employees 24. Salaries, traveling and all other expenses of agents not
paid by commissions 25. Medical examiners' fees and salaries 27. Rents for company's own occupancy 30. All other taxes, licenses and insurance department fees 31. Legal expenses (not included in No. 14) 32. Advertising, printing and stationery 34. Postage and express 35. Furniture and fixtures 36. Loss on sale or maturity of ledger assets: Depreciation on
bonds to bring same to market value 40. All other disbursements: Miscellaneous expenses, $5,"7-
.47; traveling expenses, $3,693-9J

45. Total disbursements

$

I'^3I 23
84,029 73
45,522 11
7,619 72 3,691 25 3,99i 72 6,009 59
548 80 8,998 12 4,327 30
711 28
4,261 77
8,811 38
299,471 13

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

2. Mortgage loans on real estate, first liens

$

3. Loans secured by pledge,of bonds, stocks or other collat-

erals. 4. Book value of bonds, excluding interest
5. Cash in company's office, $1,411.56; deposited in bank,

72732 7. Other ledger assets : agents' ledger balance

69,050 00
14,500 00 113,198 61
41,138 88 3,691 98

II. Ledger assets

.$ 241,579 47

NON-LEDGER ASSETS.

12. Interest due and accrued on mortgages

13. Interest due and accrued on bonds.

10 Gross premiums in course of collection, viz.:

"

Accident

On policies or renewals issued subsequent to

October 1

56,297 23

34. Other non-ledger assets, viz Furniture and fixtures

.$ 37. Gross assets

356 39 3665
56,297 23 3,000 00 301,269 74

DEDUCT ASSETS NOT ADMITTED.
40. Furniture and fixtures

51. Admitted assets

g

3,000 00 .$ 298,269 74

44i

COMPTROLLER-GENERAL'S REPORT.

V.--LIABILITIES.

IT. LT osses andiicl-aims:

Accident.

Reported, proofs not received

$

I2,98o oo

16. Net unpaid claims

$

21. Estimated expenses incident to the settlement of unpaid claims, viz.: Accident

25. Gross premiums (less reinsurance) upon all unexpired risks running one year or less from date of policy, $133,738.80; unearned premiums, 50 per cent
28. Commission, brokerage and other charges due to agents or

brokers on policies issued subsequent to October 1, viz.: Accident

32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc., due or accrued

12,980 00 1,100 00
66,869 40
14,074 30 1,000 00

47- Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 100,000
102,246 04

96,023 70

50. Surplus as regards policy-holders Si. Total liabilities

202,246 04 $ 298,269 74

Business in Georgia during 1903.
Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred

Accident. 3.752 78 2,817 40
2,97i IS

THE OCEAN ACCIDENT AND GUARANTEE CORPORATION (LTD.), OF LONDON, ENG.

OSCAR ISING, General Manager for the United States. American Head Office, 346 Broadway, New York.
J. C. CLARK, Atlanta, Attorney for Service in Georgia.

I.--CAPITAL STOCK.

2. Amount of ledger assets December 31 of pre-

vious year

$ 2,013.768 78

Extended at

$ 2,013,76878

w
o S3
^rr

B"

Gross Premiums Gross Premiums

Unpaid

Written and

December 31, Eenewed During

Last Year.

the Year.

Total.

o
td
oo**

p

Deduct Gross Premiums Now
in Course of Collection.

Entire Premiums Collected
During the Year.

Deduct Reinsurance, Return Premiums and
Cancellations.

Net Cash Actually Received for Pre-
miums.

r+ p
X

o o g oHw0
M f H

oH W

4. Accident

If

6. Liability

10. Steam boiler..

11. Burglary

12. Credit

9,166 50 $ 138,878 41 $ 148,044 91 $

116,222 33 1,325,701 32 1,441,923 65

6,468 32

62,975 87

69,444 19

9,425 64

133,099 86

142,525 50

397,438 83 397,438 83

14,222 87 $ 133,822 04 *

139,721 49 1,302,202 16

8,063 03

61,381 16

7,426 80 135,098 70

394,438 83

32,855 96 f 352,299 02
20,806 09 44,911 67 4,799 15

100,966 08 949,903 14
40,575 07 90,187 03 392,639 68

a l

n

a
n o

n

o>

M

p

n

i
Q H
54
Ww(r>-1

Total

$ 141,282 79 $ 2,058,094 29 $ 2,199,377 08 $ 169,434 19 $ 2,029,942 89 $ 455,671 89 $ 1,574,271 00

o ro

C/J
W

0

rr)

O w

H

I-

446

COMPTROLLER-GENERAL'S REPORT.

18. Total net cash actually received for premiums 31. Interest on bonds and dividends on stock...$ 22. Interest from all other sources
24. Total interest and rents 31. Prepaid premiums 32. Cash recovered for losses paid previous year. 33. From all other sources
36. Total income

$ 1,574,271 00 64,090 00
1,592 60
65,682 60 11,590 00 6.330 09
3ii 68
$ 1,658,185 37

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business Decemb er 31.

Gross Amount Paid for Losses.

Deduct Salvage and Reinsurance

1. Accident 3. Liability 7. Steam Boiler . 8. Burglary 9. Credit

$ 45,142 86 B 345,011 93 22,060 44 57,190 62 140,117 27

300 57 6,957 82
6,606 40 3,739 61

13. Net amount paid policy-

holders

$ 609,523 12 $ 17,604 40

14. Investigation and adjustment of claims, including legal and other expenses in defense of suits against policy-holders, viz.: Accident, $3,464.71; liability, $124,184.03; steam boiler, $3,139-05 ; burglary, $10,680.10
18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: Accident, $34,157.69; liability, $228,061.03; steam boiler, $11,600.38; burglary, $27,000.88; credit, $83,821.41
23. Salaries, fees and all other compensation of officers and home office employees
24. Salaries, traveling and all other expenses of agents not paid by commissions
26. Inspections (other than medical) 27. Rents
30. All other taxes, licenses and insurance department fees.... 31. Legal expenses (not included in No. 14) 32. Advertising 33. Printing and stationery 34. Postage and express 35. Furniture and fixtures 40. All other disbursements: Telegrams, $1,126.69; telephone,
$1,065.10; surety bonds, $141.72; mercantile agency, $2,378.50; disc, $523.92 42. General expense 43. Interest on investments and dividends to home office

591,918 72
141,467 89
385,541 39 131,108 15
8,946 85 8,780 40 9.359 89 34,924 73 5.448 21 3.007 79 16,587 60 5779 16 3,o66 56
5,235 93 i6,355 08 100,000 00

45. Total disbursements

$ 1,467,528 35

COMPTROLLER-GENERAL'S REPORT.

447

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest

$

5. Cash in company's office, $30,432.29; deposited in bank,

$26,243.22 ; with trustees, $85,000

7. Other ledger assets: Premium notes, $18,992.36; deduct

ledger liability, agents' credit balance, $290.72

2,044,048 65 141,075 S1 18,701 64

11. Ledger assets

$ 2,204,425 80

NON-LEDGER ASSETS.

13. Interest due and accrued on bonds

19. Gross premiums in course of collection, viz.:

On Policies or Re- On Policies or Re-

newals issued sub- newals issued

sequent to October prior to Octooer

1, 1903.

1, 1903.

20. Accident 22. Liability ... 26. Steam boiler 27. Burglary

$ 13,698 46 132,766 56 7,797 29 7,280 90

$ 524 41 6,954 93 2t>5 74 14 90

33. Totals ..

$ 161,543 21

if 7,890 98

19,010 40 169,434 19

37. Gross assets

$ 2,392,870 39

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection writ-

ten prior to October I, 1903

$

44. Book value of ledger assets over market

value

7,890 98 86,472 15

94,363 13

51. Admitted assets

$ " 2,298,507 26

V.--LIABILITIES.

1. Losses and claims:

2. Accident 4. Liability

In nrocess of Resisted by Resisted for adjustment. Company. Policy-holders.

$25,197 00$

$

252,147 00

8. Steam boiler

1,045 00

9. Burglary 10. Credit

4,980 00 3,968 00

1.C00 00

14. Totals

$35,190 00 $1,000 00 $252,147 00

16. Net unpaid claims

$

25. Gross premiums (less reinsurance) upon all unexpired

risks running one year or less from date of policy, $1,140,-

425.91; unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired

risks running more than one year from date of policy,

$65,286.18; unearned premiums, pro rata

288,337 00 570,212 96 29,837 85

448

COMPTROLLER-GENERAL'S REPORT

28. Commissions, brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1, 1903, viz.: Accident, $4,654.11; liability, $32,080.49; steam boiler, $2,250.50; burglary, $2,289.19
32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc., due or accrued
38. Other liabilities, viz.: prepaid premiums, $11,590; special reserve, $80,000

41,274 29 40,000 00 91,590 00

47. Total amount of all liabilities, except capital 50. Surplus as regards policy-holders

$ 1,061,252 10 1,237,255 16

51. Total liabilities

$ 2,298,507 26

Business in Georgia during 1903.

Gross premiums received on

risks written or renewed

Accident. Liability. Steam Boiler. Burglary. Credit.

during the year

$ 7,666 10 $6,139 62 $439 24 $977 09 $13,612 50

Gross losses paid

13,87843 5,02080

7,755 90

Gross losses incurred

8,21043 6,39980

7,755 90

PACIFIC SURETY COMPANY OF CALIFORNIA.

WALLACE EVERSON, President.

A. P. REDDING, Secretary.

Home Office, 326 Montgomery Street, San Francisco, Cal.

JACOB HAAS, Atlanta. Attorney for Service in Georgia.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 250,00000

2. Amount of ledger assets December 31 of

previous year

$

Extended at

360,762 07 $

360,762 07

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31. Surety. Pla'.e Glass.
Gross premiums unpaid December 31 last

year

$9,60949 $6,50455

Gross premiums written and renewed

during the year

84,821 36 41,661 63

Total

$94430 85 $48,166 18

Deduct gross premiums now in course of

collection

9,72478 7,74823

COMPTROLLER-GENERAL'S REPORT.

449

Entire premiums collected during the

year

$84,70607

Deduct reinsurance, return premiums and

cancellations

6,80224

$40,41795 1,46756

Net cash actually received for premiums.$77,903 83

19. Interest on mortgage loans

$

20. Interest on savings bank deposits

21. Interest on bonds and dividends on stock...

22. Interest from all other sources

$38,950 39 6,52442 1,035 32 11,625 21 294 06

116,854 22

24. Total interest and rents 25. Profit on sale or maturity of ledger assets: Oakland Gas
Light and Heat Co. stock

19,479 01 i,799 25

36. Total income

$ 138,132 48

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Surety. Plate Glass.

Gross amount paid for losses

$12,049 77 $15,381 56

Deduct salvage and reinsurance

2,99397

363 76

Net amount paid policyholders for losses.$ 9,055 80 $15,017 80 18. Commissions or brokerage, less amount received on return
premiums and reinsurance for the following classes:
Surety, $15,302.43 ; plate glass, $12,953-35 22. Stockholders for interest or dividends (amount declared
during the year) 23 Salaries, fees and other compensation of officers and home.
office employees 24 Salaries, traveling and all other expenses of agents not
paid by commissions
27 Rents 30 All other taxes, licenses and insurance department fees 31 Legal expenses 32 Advertising 33 Printing and stationery 34 Postage and express and general office expense
45. Total disbursements

24,073 60
28,255 78
15,000 00
16,200 00
4,031 23 1,680 00 3,379 49 4,407 26
954 22 1,870 65 2,276 41 102,128 64

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

1 Book value of real estate, unincumbered

?

3,76l 32

2. Mortgage loans on real estate, first liens, and interest due

and discharged

'

3. Savings bank deposits





4. Book value of bonds, excluding interest, $2o6,i79-77, and

stocks, $27,076

97,912 86 37,9i7 87
233,255 77

29 in

450

COMPTROLLER-GENERAL'S REPORT.

5. Cash in company's office, $2,942.24; deposited in bank, $17,422.48
7. Other ledger assets : Suspense items

20,364 72 3,553 37

11. Ledger assets

$

NON-LEDGER ASSETS.

12. Interest due and accrued on mortgages

14. Interest due and accrued on savings bank department

17. Market value of real estate over book value

18. Market value of bonds and stock over book value

19. Gross premiums in course of collection, viz.:

Surety. Plate Glass. On policies or renewals issued sub-

sequent to October 1

$ 7,452 78 $ 5,468 85

On policies or renewals issued prior

to October 1

2,272 00 2,279 38

Total. .,

$ 9,724 78 $ 7,748 23

37. Gross assets

$

DEDUCT ASSETS NOT ADMITTED.
43. Gross premiums in course of collection written prior to October 1, 1903

51. Admitted assets . .

V.--LIABILITIES.

1. Losses and claims:

Surety. S earn Boiler.

Adjusted, due

$12.50000

Resisted by company

5,000 00

Resisted for policy-holders

$2,50000

396,765 91 315 70 600 12 238 68
4.758 98
1/473 01 420,152 40
4,551 38. 415,601 02

16. Net unpaid claims

$17,500 00 $2,500 00

25. Gross premiums (less reinsurance) upon all unexpired risks

running one year or less from date of policy, $109,696.07;

unearned premiums, 50 per cent

$

28. Commission, brokerage and other charges due or to become

due to agents or brokers on policies issued subsequent to

October 1, 1903, viz.: Surety, $1,490.57; plate glass, $1,-

822.95

'

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 250,000 00
87.43947

20,000 00 54.848 03
3.313 5278,161

50. Surplus as regards policy-holders

337439 47

51. Total liabilities

$ 415,601 02-

Business in Georgia during 1903.

Surety. Plate Glass..

Gross premiums on risks written or renewed during the

year

$ 4000 $1,89137

Gross losses paid

588 73.

Gross loss incurred

588 73.

II.--INCOME.

> >

X

o ~t ^ 05

oa .

-3

K1^

o W

3 1

o>

N oo ore

1-3

X

> Q
C

As Shown by the Rooks at the Home Office at Close of Business December 31.

Gross Premiums Gross Premiums

Unpaid

written and

Decembet 31 Renewed During

last year

the Year.

Total.

Deduct Gross Premiums now
in course of Collection

Entire Premiums Collected
During the Year

Deduct Re-insurance, Return Premiums and
Cancellations

Net Cash Actually Received for Pre-
miums.

Accident Health Liability Plate Glass. . Steam Boiler. Elevator
Totals

21,406 02 * 7,782 42 3,273 14 1,145 37 758 78
67 93
34,433 66

73,709 31 27,107 89 24,165 57
4,083 19 9,101 06 3,124 50
14,291 52 $

95,115 33 34,890 31 27,438 71
5,228 56 9,859 84 3,192 43
175,725 18

24,080 17 * 5,930 82 5,845 23 1,612 55 2,389 19
458 50

71,035 Hi 28,959 49 21,593 48 3,616 01
7.470 65 2,733 93

32,405 00 * 5,758 03 7,095 30
724 97 1,105 66
237 88

38,630 16 23,201 46 14,498 18 2.891 04
6,364 99 2,496 05

40,316 46

135,408 72 $ 47,326 84

8

88,081 88

O 10

O KJ

*3 S

3 P

re '

Tf^Ot\.

O 3 3

H SO
Orr1 > H 2; 33
1
> Q
H 2
w> S~

^ Si Off?
-t -

> r^
0Q

en

c3rq'H3H5 ^

W Pi

8 2 o3 ' O
<>3o hj p-3

Oroe

SS >
<1 2; re " KJ

'S5' fgf w"

-0n1

B1J

O *t
Cnre

w

452

COMPTROLLER-GENERAL'S REPORT.

18. Total net cash actually received for premiums

'.

Add excess premiums received on policies expiring prior to

January I, 1903

80,081 88 2,269 72

20. Interest on collateral loans

$

21. Interest on bonds and dividends on stock...

22. Interest from all other sources

92 15 4,795 85
377 29

24. Total interest and rents 30. From all other sources: Internal revenue stamps redeemed,
$33-66; surplus paid in, $50,000

90,331 60
5,265 29 50,033 66

36. Total income

$ 145,650 55

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross amount paid for losses : Accident, $12,034.11; health,

$17,094.58; liability, $7,431.48; plate glass, $1,119.59; ele-

vator, $268

$

14. Investigation and adjustment of claims, including legal and

other expenses in defense of suits against policy-holders,

viz.: Accident, $1,511.17; health, $159.25; liability, $1,-

957.68; steam boiler, $119; elevator, $15

18. Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes: Ac-

cident, $12,787.17; health, $8,241.55; liability, $4,824.66;

plate glass, $852.62; steam boiler, $1,894.38; elevator,

$817.04

23. Salaries, fees and all other compensation of officers and

home office employees

24. Salaries, traveling and all other expenses of agents not paid

by commissions

25. Medical examiners' fees and salaries

26. Inspection (other than medical)

27. Rents

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

31. Legal expenses (not included in No. 14)

32. Advertising

33. Printing and stationery

34. Postage, and express

35. Furniture and fixtures

36. Loss on sale or maturity of ledger assets: Agents' amounts

charged off

40. All other disbursements: General expense

37,947 76
3,762 10
29,417 42 11,908 99
2,788 5-' 1,500 25 2,428 25 1,571 95 2,391 88
696 12 1,494 37 2,721 13
904 10 483 64
405 14 2,679 43

45. Total disbursements

$ 103,101 05

COMPTROLLER-GENERAL'S REPORT.

453

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest, $212,996.65, and stocks, $100

2I3.096 65

5. Cash in company's office, $2,431.08; deposited in bank, $53,-

075-97 6. Bills receivable

55,507 05 2,582 33

7. Other ledger assets : Agents' balances

5,587 31

11. Ledger assets

$ 276,773 34

NON-LEDGER ASSETS.

13. Interest due and accrued on bonds 18. Market value (not including interest in item 13) of bonds

and stocks over book value
19 Gross premiums in course of collection, viz.: On policies or renewals issued subsequent to October 1, last:
Accident, $23,971.89; health, $5,821.32; liability, $5,845.23;
plate glass, $1,612.55; steam boiler, $2,355.44; elevator,

$458.50

;

On policies or renewals issued prior to October 1, last: Ac-

cident, $108.28; health, $109.50; steam boiler, $33.75 ;

37. Gross assets

DEDUCT ASSETS NOT ADMITTED.

43. Gross premiums in course of collection writ-

ten prior to October 1, 1903

$

44. Book value of ledger assets over market

value, viz. : Agents' balances

251 53 1,856 97

51. Admitted assets

V.--LIABILITIES

I. Losses and claims :

Accident. Heallh.

In process of adjustment

$3,036 05

Reported proofs not received... 475 U

Resisted by company

2,000 00

1,589 58 536 78

Resisted by policy-holders

Liability. $ 8<5o 00

16. Net unpaid claims

$5,5" 18 2,126 36 $ 850 co

21. Estimated expenses incident to the settlement of unpaid

claims, viz.: Accident, $250; liability, $650

25. Gross premiums (less reinsurance) upon all unexpired risks

running one year or less from date of policy, $105,710.31 ;

unearned premiums, 50 per cent

26. Gross premiums (less reinsurance) upon all unexpired risks

running more than one year from date of policy, $10,303-

.85; unearned premiums, pro rata

2,160 00 4,303 35
40,064 93 251 53
323,553 15
2,108 50 321,444 65
8,487 54
925 00 52,855 16
5,888 29

454

COMPTROLLER-GENERAL'S REPORT.

28. Commissions, brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1, last, viz.: Accident, $8,355.55 ; health, $2,062.86; liability, $1,324.40; plate glass, $474.24; steam boiler, $712.50; elevator, $134.34

13,063 90

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 200,000 00 40,22478

$1,219 87

50. Surplus as regards policy-holders.

240,224 78

51. Total liabilities

.$ 321,444 65

Business in Georgia during 1903.

Accident. HeUlh. Liability. Plate Glass. Elevator. Gross premiums on risks

written or renewed dur-

' ing the year Gross losses paid Gross losses incurred

$232 22 401 14 31257

$1,225 00 1,328 07 1,272 42

$132 39 28 50

$220 19 292 14 292 14

$35 00 15 00 15 00

THE PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK.

PHINEAS C. LOUNSBURY, President.

KIMBAI.I. C. ATWOOD, Secretary.

Home Office, 290 Broadway, New York.

JOHN S. OWENS, Atlanta, Attorney for service in Georgia.

1.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 200,000 00

2. Amount of ledger 'assets December 31 of

previous year

$

Extended at

1,026,34846 $

1,026,348 46

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Accident. Gross premiums unpaid ' December

Health.

31 last year

$ 139,785 00 $ 10,040 00

Gross premiums written and re-

newed during the year

1,086,58465 189,46945

Total

$1,226,369 65 $ 199,509 45

Deduct gross premiums now in

course of collection

102.33607

25,58300

COMPTROLLER-GENERAL'S REPORT.

455

Entire premiums collected during

the year

$1,124,033 58 $ 173,926 45

Deduct reinsurance,, return premi-

ums and cancellations

131,39176

14,97241

Net cash actually received for pre-

miums

$ 992,64182 $ 158,95404

21. Interest on bonds and dividends on stock $ 24,193 00

22. Interest from all other sources

1,923 60

1,151,595 86

24. Total rents and interest

26,116 60

36. Total income

$ 1,177,712 46

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Accident.

Health.

Gross amount paid for losses

$403,791 87 $65,231 56 $ 469,023 43

14. Investigation and adjustment of claims, including legal and

other expenses in defense of suits against policy-holders,

viz.: Accident, $15,476.09; health, $1,050.25

16,526 34

18. Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes: Ac-

cident, $344,117.21; health, $59,852.86

403,9/0 07

22. Stockholders for interest or dividends (amount declared during the year)

I2>000

23. Salaries, fees and other compensation of officers and home

office employees



85,236 05

24. Salaries, traveling and all other expenses of agents not paid

by commissions

85,525 25

25. Medical examiners fees and salaries

10,253 75

26. Inspections (other than medical)

8,675 12

27. Rents, including $8,000 for company's own accupancy

18,675 00

30. All other taxes, licenses and insurance department fees

22,642 11

32. Advertising 33. Printing and stationery

I2>672 50



25,882 75

34. Postage and express 35. Furniture and fixtures

i8,575 40 2'4 3

45. Total disbursements

$ 1,191,698 IS

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4 Book value of bonds, excluding interest, $769,681.13, and

stocks, $98,275.86

$

5. Cash in company's office, $4,545-49; deposited in bank, $139,-

860.29

867,956 99 I4445 78

11. Ledger assets

$ 1,012,36277

456

COMPTROLLER-GENERAL'S REPORT.

NON-LEDGER ASSETS.

13. Interest due and accrued on bonds

18. Market value (not including interest in item 13) of bonds

and stock over book value

19..Gross premiums in course'of collection, viz.:
Accident. On policies or renewals issued sub-

Health.

sequent to October 1

$97,072 07 $24,267 00

On policies or renewals issued prior

to October 1

5,264 00 1,316 00 $

7.138 71 11,489 26

Total 37. Gross assets

$102,33607 $25,58300 127,919 07 5 ,158,909 81

DEDUCT ASSETS NOT ADMITTED.
43. Gross premiums in course of collection written prior to October 1

. 6,580 00

51. Admitted assets

$ 1,152,329 81

v.--LIABILITIES.

1. Losses and claims: In process of adjustment Reported, proofs not received Resisted by company

$28,625 00 $ 300 00 3L775 00 2,900 00 53404 88

16. Net unpaid claims

$113,804 88 $ 3,200 00

21. Estimated expenses incident to the settlement of unpaid

claims, viz.: Accident

25. Gross premiums (less reinsurance) upon all unexpired risks

running one year or less from date of policy, $977,864.96;

unearned premiums, 50 per cent

28. Commission, brokerage and other charges due or to become

due to agents or brok ers on policies issued subsequent to

October 1, viz.: Accident, $25,212.27; health, $6,303.00. . .

38. All other liabilities, viz.: Reserve for contingent instalment policies

117,004 88 2,000 00
488,932 48
31,515 27 73,268 00

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 200,000 00 239,609 18

712,720 63

50. Surplus as regards policy-holders

439.609 18

SI. Total liabilities

$ 1,152,329 81

Business in Georgia during 1903.

Gross premiums on risks written or renewed during

the year

$13,891 00

Gross 'losses paid

8,947 8;

Gross losses incurred

9,122 87

Health.
$ 1,612 00 1,520 62 1,545 62

COMPTROLLER-GENERAL'S REPORT.

457

STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF MICHIGAN.

D. M. FERRY, President.

E. A. LEONARD, Secretary.

Home Office, Griswold Street, Detroit, Mich.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 250,000 oo

2. Amount of ledger assets December 31 of

previous year

$

Extended at

1,328,914 3 ?

1,328,91463

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Accident. Health. Liability. Gross premiums unpaid
December 31 last year. .$ 170,908 23 $ 25,825 79 $ 54,8i2 52

Gross premiums written

and renewed during the

year

1,050,755 40 120,801 32 737,765 80

Total

1,221,66363

Deduct gross premiums

no'w in course of col-

lection

176,055 12

146,627 11 34,774 92

792,57832 81,647 47

Entire premiums collected

during the year

1,045,60851

Deduct reinsurance, re-

turn premiums and can-

cellations

263,994 38

"1.852 *9 25,739 20

710,93085 65,66576

Net cash actually received

for premiums

781,61413 86,112^99

19. Interest on mortgage loans



21. Interest on bonds and dividends on stock...

22. Interest from all other sources

23. Gross rents from company's property

645,26509 26,164 29 32,142 86
2,315 12 28 65

$1,512,992 21

24. Total interest and rents 25. Profit on sale or maturity of ledger assets: On real estate
sales 30. From all other sources: Suspense account

60,650 92
1,200 00 1,137 34

36. Total income.

.$ i,575,98o 47

45S

COMPTROLLER-GENERAL'S REPORT.

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Accident. Gross amount paid for

Health.

I/ability.

losses

$ 352,512 16 $ 35,186 32 $229,480 15

Deduct salvage and rein-

surance

2,463 37

161 50

Net amount paid policy-

holders for losses

350,04879 35,18632 229,31865

14. Investigation and adjustment of claims, including legal and

other expenses in defense of suits against policy-holders,

viz.: Accident, $7,672.59; liability, $47,860.32

18. Commissions or brokerage, less amount received on return

premiums and reinsurance for the following classes: Ac-

cident, $229,484.36; health, $25,333.89: liability, $153,183.79

22. Stockholders for interest or dividends (amount declared during the year)

23. Salaries, fees and other compensation of officers and home office employees

24. Salaries, traveling and all other expenses of agents not paid by commissions

26. Inspections (other than medical) 27. Rents

29. Taxes on real estate

30. All other taxes, licenses and insurance department fees

31. Legal expenses (not included in No. 14) 32. Advertising

33. Printing and stationery

34. Postage and express

35. Furniture and fixtures

40. All other disbursements: Traveling expenses of officers

and H. O. employees, $5,262.75; general expenses, $5,-

033-37

$ 614.553 76
55,532 91
408,002 04
25,000 00
64,557 31
69,455 46 11,980 96 8,117 7i
669 60 42,051 51
504 88 7,326 25 10,750 32 7,619 53 1,124 81
10,296 12

45. Total disbursements

$ 1,337,543 17

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered

$

2. Mortgage loans o nreal estate, first liens

4. Book value of bonds, excluding interest

5. Cash in company's office, $444.60; deposited in bank, $106,-

o66'33

44,470 00 529,877 00 885,594 00
107,41093

11. Ledger assets

$ ^g^.j p3

COMPTROLLER-GENERAL'S REPORT.

459

NON-LEDGER ASSETS.

12. Interest due, $442.50, and accrued, $7,971.24, on mortgages.

13. Interest due and accrued on bonds

15. Interest due and accrued on other assets

18. Market value (not including interest in item 13) of bonds

and stocks over book value

19 Gross premiums in course of collection, viz. :

Accident.

Health.

On policies or renewals

Liability.

issued subsequent to

October 1

$176,05512 $34,774 92 $81,64747

8,413 74 10,136 99
285 40 19,481 00
292,477 51

37- Gross assets

? 1,898,14657

V.--LIABILITIES.

I. Losses and claims:

Accident.

Adjusted, due

$5,29500

In process of adjustment

15,360 00

Reported, proofs not received 39.545 00

Resisted by company

34,300 00

Resisted for policy-holders..

Health. $ 45000
1,250 00 2,850 00

Liability. f 12,000 00
18,500 00 37,500 00
123,480 00

16. Net unpaid claims

$94oOO 00 $4,550 00 $191,480 00

17. Special reserve for unpaid losses, viz.: Accident, $15,000;

liability, $93,400

;

21. Estimated expenses incident to the settlement of unpaid

claims, viz. : Liability

"

25. Gross premiums (le.ss reinsurance) upon all unexpired risks

running one year or less from date of policy, $1,331,552-37 I

unearned premiums, 50 per cent
28. Commission, brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to

October 1, 1903, viz.: Accident, $50,816.53 I health, $10,-

132.47; liability, $19,482.32
32 Salaries, rents, expenses, taxes, bills, accounts, fees, etc., due or accrued

.36. Return premiums

37. Reinsurance 38. Other liabilities, viz. Reserve for contingencies.

290,530 00 108,400 00 46,115 5i
665.776 18
80,431 32 7,500 00 11,516 30 3,693 84
50,000 00

47. Total amount of all liabilities, except capital.

.48. Capital actually paid up in cash

$

49. Surplus over all liabilities

.50. Surplus as regards policy-holders

.$ 250,000 00 384,183 42

1,263,963 IS

634,183 42

51. Total liabilities

.$ 1,898,146 57

460

COMPTROLLER-GENERAL'S REPORT.

Business in Georgia during 1903.

Accident. Health. Liability. Gross premiums on risks written or renewed

during the year Gross losses paid

$13,729 89 $606 39 $378 60 n,730 66 637 84

Gross losses incurred

n,730 66 637 84

UNITED STATES BRANCH OF THE THAMES & MERSEY MARINE INSURANCE COMPANY (LTD.), OF LIVERPOOL, ENG.

H. K. FoWLER, Manager. Head Office, 69 Wall Street, New York City. A. L. FAME, Savannah, Attorney for Service in Georgia.

1.--CAPITAL STOCK.

1. Amount of capital paid up in

cash, deposit capital

$ 300,000 00

2. Amount of ledger assets December 31 of

previous year

$

Extended at

609,620 03

609,620 03

11.--INCOME.

Marine and Inland.

1. Gross premiums

$ 636,844 13

2. Deduct reinsurance, rebate, abatement and re-

turn premiums

86,518 93

3. Total premiums (other than perpetuals) 7. Interest on bonds and dividends on stocks

$ 550,325 20 18,516 20

13. Total income

'....$ 543,514 78

III.--DISBURSEMENTS.
1. Gross amount paid for losses (including $130,159.16 occurring in previous years)..$
2. Deduct amount received for salvage, $13,664.18, and for reinsurance in other companies, $30,192.26

Marine and Inland. 314,980 00
44.256 84

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, for company's own occupancy

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

IS,All other disbursements: Stationery, cable and telegrams,

auditor's and trustees' traveling expenses, etc.. $7.501.55:

remitted home office, $168,413.84

270,723 16 47,823 SS
30,461 76 4.000 00 U.590 59
[75.915 39

16. Total disbursements

543.5M 78

COMPTROLLER-GENERAL'S REPORT.

4fA

IV.--LEDGER ASSETS.

4. Book value of bonds, excluding interest

$

S Cash in company's office, $5572; deposited in bank; $11,-

928.35 6. Agents' balances representing business written subsequent

to October 1, 1903

;

7. Agents' balances representing business written prior to

October 1, 1903

11. Total ledger assets

$

526,818 00
11,98407 9S'863 45
2I I3
634,946 65

NON-LEDGER ASSETS.

13. Interest due, $2,350, and accrued, $2,700, on bonds and stocks

21. Gross assets

$

5,050 00 639,99665

DEDUCT ASSETS NOT ADMITTED.

4. Agents' balances, representing business writ-

ten prior to October I, 1903

$

7. Depreciation from book value of ledger as-

sets to bring same, to market value, viz.:

Book value, $526,818; market value, $512,-

95o

281 13 '3,868 00

8. Total

$

9. Total admittted assets

$

I4'149 I3 625,847 52

V.--LIABILITIES.

2. Gross claims for losses in process of adjust-

ment, or in suspense, including all reported

and supposed losses

$

5. Deduct reinsurance due or accrued

172,391 00 l8,570 00

6. Net amount of unpaid losses and claims

10. Gross premiums (less reinsurance) (cash

and bills) received and receivable upon all

unexpired marine risks, $91,287.05; un-

earned premiums, yearly risks, 50 per cent.

on $64.283.06

5

Other risks, 100 per cent, on $27,003.99

$
32,14153 27,003 99

12. Total unearned premiums as computed above

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

come due to agents and brokers

21. ,,Rei. nsurance premiums

....

153,821 00
59,145 52 3452 57 10,5^42 91

24. Total amount of all liabilities, except capital

$ 226,962 00

462

COMPTROLLER-GENERAL'S REPORT.

25. Capital actually paid up in cash, deposit cap-

ital

$

26. Surplus over all liabilities

300,000 00 98,885 52

2J. Surplus as regards policy-holders

398,885 52

28. Total

$ 625,847 52

Business in Georgia during 1903.

Risks written

"

Premiums received

Losses paid

Marine and Inland. 5 1,163,033 00
3,227 65
1,446 43

TITLE GUARANTY AND TRUST COMPANY OF SCRANTON, PA.

L. A. WATRES, President.

D. B. ATHERTON, Secretary.

Home Office, 516 Spruce Street, Scranton, Pa.

AI.KX. W. SMITH, Atlanta, Attorney for Service in Georgia.

1.--CAPITAI, STOCK.

1. Amount of capital paid up in

cash

$ 761,900 00

2. Amount of ledger assets December 31 of

previous year

$

3. Increase of paid-up capital during the year. .

2,134,955 55 11,900 00

Extended at

$ 2,146,855 55

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

.

Surety.

Gross premiums unpaid December 31

last year

$ 1,209 00

Gross premiums written and renewed

during the year

100,705 41 $

Title. 444 64

Total

101,92441

Deduct gross premiums now in course

of collection

22,000 26

111 61

Entire premiums collected during the
Dr,y ediuacrt:-"re:insurance, return premiums and cancellations

79.924 15 9,07137

44464

Net cash actually received for premi-

, U7S; ;



19- Interest on mortgage loans

70,852 78 $

20. Interest on collateral loans

21. Interest on bonds and dividends on stock

22. Interest from all other sources

444 64 $ 8,554 35 H.672 22 61^224 52 3,905 03

71.297 42

24. Total interest and rents

108,356 12

C0MP1 ROLLER-GENERAL'S REPORT.

463

25- Profit on sale or maturity of ledger assets: Commission on sale of stocks and bonds, $27,465.78; trust commissions,
$2,388.37 30. From all other sources: Increase in surplus fund, $8,925;
exchange, $47.90

20>854 15 8,972 90

36. Total income

$ 218,48059

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Gross amount paid for losses, surety

$

357 02

18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes:

Surety 22. Stockholders for interest or dividends (amount declared
during the year) 23- Salaries, fees and other compensation of officers and home
office employees

'5,866 68 x5>214 00 'S.1^ 47

24- Salaries, traveling and all other expenses of agents not paid by commissions

3,6o9 9

Taxes on real estate

884 29

30. All other taxes, licenses and insurance, department fees.. ..
32. Advertising 33- Printing and stationery 34- Postage and express 36. Loss on sale or maturity of ledger assets : General expense
(several departments)

5,14* 20 3,214 00 5.622 79 I'99 77
43-927 l3

40. All other disbursements: Decrease in deposits, $56,129.21; interest paid, $33,939-i8

V0'068 39

45- Total disbursements

$ 200,795 72

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered

$

2. Mortgage loans on real estate, first Hess

3- Loans secured by pledge of bonds, stocks or other collat-

erals and endorsed paper

91.733 03 155.963 85
744.300 43

4-

Book value of bonds, stocks, $186,760.52

excluding

interest,

$597,737-50,

and ;

926,05000

5- Cash in company's office, $39,103-41; $186,760.52

deposited m bank,

225>86393

7- Other ledger assets: Furniture and fixtures, $18,840.06;

^

judgments and claims, $1,789.10

11. Ledger assets

$ 2,164,54042

464

COMPTROLLER-GENERAL'S REPORT.

NON-EEDGER ASSETS.

12. Interest due, $248.56, and accrued, $2,649.16, on mortgages. .$ 13. Interest due and accrued on bonds 18. Market value (not including interest in item 13) of bonds
and stock over book value 19. Gross premiums in course of collection, viz.:
On policies or renewals issued subsequent to October 1, surety
34. Other non-ledger assets, viz.: Bills receivable

2,897 72 9,193 35 20,810 00
22,00026 10,079 49

37. Gross assets

$ 2,229,521 24

DEDUCT ASSETS NOT ADMITTED.

39. Bills receivable

$ 10,079 49

40. Furniture and fixtures 44. Book value of ledger assets over market

18,840 06

value, viz.: Bonds and stocks

20,810 06

Total
51. Admitted assets

49,729 55 $ 2,179 791 69

v.--LIABILITIES.

1. Losses and claims:

In process of adjustment

$

Reported, proofs not received

60 94 3,625 34

16. Net unpaid claims

$

25. Gross premiums (less reinsurance) upon all unexpired risks

running one year or less from date of policy, $100,026.92;

unearned premiums, 50 per cent

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

come due to agents or brokers on policies issued subse-

quent to October 1, viz.: Surety

38. Other liabilities, viz.: Due depositors

3,686 28
50,013 46
6,600 10 1,056,569 55

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

$ 1,116,869 39 761,900 00 285,771 03

50. Surplus as regards policy-holders

1,047,671 03

51. Total liabilities

$

Business in Georgia during 190$.

Gross premiums on risks written or renewed during the year. .$

2,164,540 42
Surety. 695 00

COMPTROLLER-GENERAL'S REPORT.

465

TRAVELERS INSURANCE COMPANY OF CONNECTICUT.

S. C. DUNHAM, President,

JOHN E. MORRIS, Secretary.

Home Office, 56 Prospect Street, Hartford, Conn.

I.--CAPITAL STOCK.

1. Amount of capital paid up in

cash

$ 1,000,00000

2. Amount of ledger assets December 31 of

previous year

$

Extended at

6,706,533 32



$

6,7o6,533 32

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Entire premiums lected during
year

Accide t

Healtb.

Liability.

col-

the $2,459,302 01 $' 201,443 73 $2,688,216 32

Deduct reinsurance, return premiums and cancellations

86,208 43

&188 62 168,247 66

Net cash actually received for premiums 2,373,093 58 196,255 "
21. Interest on bonds and dividends on stock...$ 22. Interest from all other sources
24. Total interest and, rent, s 25. Profit on sale or maturity of ledger assets 30. From all other sources : Profit and loss
36. Total income

2,519,968 66 $ 3,089,317 3* 319.021 51 9'5 ?1
3 28>,07' 2 22

^

725 42

$ 5,449,254 17

IIL--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Accident.

Health. Liability.

Gross amount paid for losses.$949,321 46 $68,624 31 $621,312 31

Deduct salvage and reinsur-

anca

3",807' 01 .

NtX^d.P^: 945.5.4 45 68,624. 621,3123; I4 I we tigation and adjustment of claims, includ.ng legal and 4 other expenses in defense of suits against f^oXte*,
viz.: Accident, $i7,69S.IS I health, $156.311 l-bAty, $288,-
608.36
30 ill

$,635,45-7 ^^ ^

466

COMPTROLLER-GENERAL'S REPORT.

18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: Accident, $746,747.72; health, $53,275.88; liability, $563,992.69
22. Stockholders for interest or dividends (amount .declared during the year)
23. Salaries, fees and all other compensation of officers and home office employees
24. Salaries, traveling and all other expenses of agents not paid by commissions
25. Medical examiners' fees and salaries 26. Inspections (other than medical) 27. Rents 29. Taxes on capital stock 30. All other taxes, licenses and insurance department fees. .. . 31. Legal expenses (not included in No. 14) 32. Advertising 33. Printing and stationery 34. Postage and express 35. Furniture and fixtures, $24,559.95; expense, $25,732.11

1,364,01629
250,000 00
188,400 78
268,692 50 89,169 99 37,(>77 34 53,627 65 26,427 56 82,928 34 23,559 2I 49,642 61 67,634 89 31,892 79 50,292 06

45. Total disbursements

$ 4,525,872 90

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

4. Book value of bonds, excluding interest, $4,659,567.13, and

stocks, $2,496,378.01

$

5. Cash in company's office, $5,311.23; deposited in bank,

$453,381.91 7. Other ledger assets : Agents' debit balances

7,155,945 14
458,693 14 15,276 31

11. Ledger assets

$ 7,629.914 59

NON-LEDGER ASSETS.
13. Interest accrued, but not due, on bonds 16. Rents due and accrued on company's property or lease 18. Market value (not including interest in item 13) of bonds
and stocks over book value

5,659 57 50,659 57
243,100 17

37. Gross assets

$ 7,923,674 33

DEDUCT ASSETS NOT ADMITTED.
44. Book value of ledger assets over market value, viz.: Agents' debit balances

15,276 31

51. Admitted assets

$ 7,908,398 02

COMPTROLLEK-GENEKAL'S REPORT.

467

V.--LIABILITIES.

I. Losses and claims:
In process of adjustment Reported, proofs not received Resisted by company Resisted for policy-holders

Acoid nt $ 48,000 00
54>58 00 98,050 00

Liability. $866,15364

16. Net unpaid claims

$200,558 00 $866,153 64

21. Estimated expenses incident to the settlement of unpaid

claims, viz.: Liability

25 Gross premiums (less reinsurance) upon all

unexpired risks running one year or less

from date of policy, $3,497,964.68; unearned

premiums, 50 per cent

$ 1,748,982 34

26. Gross premiums (less reinsurance) upon all

unexpired risks running more than one

year from date of policy, $127,196.11; un-

earned premiums, pro rata

475,283 38

1,066,711 64 245,726 36

27. Total unearned premiums 32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,
due or accrued 38. Other liabilities, viz.: Additional reserve liability depart-
ment

2,224,265 72 85,000 00 400,000 00

47 Total amount of all liabilities, except capital

$ 4,021,703 72

48. Capital actually paid up in cash

$ 1,000,000 00

49. Surplus over all liabilities

2,886,694 3Q

50. Surplus as regards policy-holders

51. Total liabilities

7,908,398 02

Business in Georgia during 1903Accident.

Gross premiums on risks written or renewed

during the year
Gross osses paid. . Gross losses incurred

" fi g

* > TM

y g

Health. Liability.
^ ^ ?j 33 3)94g ss
3 ^ 55

UNITED STATES CASUALTY COMPANY OF NEW YORK.

^ 1 ^ JAMES W. HINKLEY, President.

EDSON S. LOTT, Secretary. v1 M V

Home. Office, 141 Broadway, New York, N. Y.

I.--CAPITAL STOCK.

I Amount of capital paid up in

cash

$

300,000 00

2. Amount of ledger assets December 31 of

previous year

Extended at

^ 1,380,66077

o o

fu

Gross Premiums Grops Premiums

Unpaid

Written and

December 31,

Renewed

Last Year. During the Year.

Total.

Deduct Gross Premiums now
in course of Collection.

Entire Premiums Collected during
the year.

Deduct Reinsurance, Return Premiums and Cancellations.

Net Cash actually received
ior Premiums.

i3*
n
H o

oSO
r-1 r H So

4. Accident 5. Health.

re

$ 47,447 52 $ 597,327 09 .$ 644,774 61 $ 42,601 60 i 602,173 01 $ 132,972 45 $ 469,200 56 O

6,999 63

114,166 47

121,166 10

16,118 68 105,047 42

19,392 95

85,654 47 3)

i
O H tei

6. Liability

55,750 87 603,310 97 659,061 84

57,887 93 601,173 91

156,244 51

444,929 40 8

W

10. Steam boiler. 13. Sprinkler

6,831 02 3,603 94

54,344 21 34,476 85

61,175 23 38,080 79

5,675 01 2,235 72

55,500 22 35,845 07

15,976 72 10,884 70

39.523 50 24,960 37 n

SO
>

Totals

$ 120,632 98 $ 1,403,625 59 $ 1,524,258 57 $ 124,518 94 $ 1,399,739 63 $ 335,471 33 $ 1,064,268 30 a

SO

H

>-d

to

O

SO

H

COMPTROLLER-GENERAL'S REPORT.

469

18. Total net cash actually received for premiums 21. Interest on bonds and dividends on stock
36. Total income

1,064,268 30 48,317 80
$ 1,112,586 10

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

1. Accident 2 Health 3. Liability ... 7. Steam boiler 10. Sprinkler....

Gross Amounts Paid for Losses. f 137,547 53 !
19,357 87 215,032 54
4,193 64 5,421 60

Deduct Salvage and Reinsurance.

Net Amount Paid PolicyHold ers for
Losses.

559 38 $ 136,988 15

19,357 87

2,826 95 212,205 59

1,646 99

2,546 65

45 00

5,376 60

13. Totals

381,553 18

5,078 32 376,474 8C

14. Investigation and adjustment of claims, including legal and

other expenses in defense of suits against policy-holders,

viz.: Accident, $2,760.08; health, $312.61; liability, $22,-

072.45 ; steam boiler, $100.83 ; sprinkler, $350.65

18. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: Accident, $142,897.46; health, $22.813451 liability, $108,388.59; steam boiler, $10,059.75 ; sprinkler, $6,221.20

23. Salaries, fees and other compensation of officers and home

office, employees 24. Salaries, traveling and all other expenses of agents not paid

by commissions



26. Inspections (other than medical)

27. Rents 29. Taxes on real estate 30. All other taxes, licenses and insurance department fees

31. Legal expenses (not included in No. 14)

32. Advertising 33. Printing and stationery

34. Postage, and express

35. Furniture and fixtures 40. All other disbursements: Telegrams and telephone, $1,407-

.16; fees of directors, $3,510; miscellaneous, $11,495-73; profit and loss (premiums uncollectable), $385.96

376,474 86
25,596 62
290,380 45 101,324 87
44,700 07 16,257 45 9,939 58
41 69 19,890 16 2,012 04 2,601 10 23,973 76 11,563 10 2,343 9i
16,798 85

45. Total disbursements

.$ 943,898 Si

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

1. Book value of real estate, unincumbered $

S,ooo 00

2. Mortgage loans on real estate, first liens....

S.ooo 00

4. Book value of bonds, excluding interest.... i,479,3o8 76

470

COMPTROLLER-GENERAL'S REPORT.

5. Cash in company's office, $25,659.97; deposited in bank, $33,235.26
6. Bills receivable
II. Ledger assets

58,895 23 1,144 37
$ 1,549,348 36

NON-LEDGER ASSETS.

13. Interest due and accrued on bonds

19. Gross premiums in course of collection, viz:

20 Accident .. 21. Health 22. Liability 26. Steam boiler 29. Sprinkler

On Policies or r& On Policies or re-

newals issued newals issued

sub-equent to

Prior to

Oct. 1.

Oct. 1.

42,008 10 $

593 50

15,887 49

231 19

56,520 49

1,367 44

5,560 01

115 00

2,166 97

68 75

12,812 62

Totals

$ 122,143 06 $

2,375

124,518 94

37- Gross assets

$ 1,686,679 92

DEDUCT ASSETS NOT ADMITTED.

39. Bills receivable

$

43. Gross premiums in course of collection writ-

ten prior to October 1

44. Book value of ledger assets over market value

IJ44 37
2,375 88 28,879 46

Total.

32,399 71

51. Admitted assets

$ 1,654,280 21

V.--LIABILITIES.

I. Losses and claims :

Resisted

In Process of

Resisted

For

Adjustment. By Company. Policy holders.

2. Accident

14,637 00 $ 12,675 00 $

3. Health

3,743 00

4. Liability

10,139 00

61,085 00

8. Steam boiler..

38 00

736 00

11. Sprinkler

504 00

Totals

29,06100

13,41100

61,085 00

21. Estimated expenses incident, to the settlement of unpaid

claims, viz.: Accident, $773; health, $67; liability, $1,631;

steam boiler, $16; sprinkler, $11

25. Gross premiums (less reinsurance) upon all

unexpired risks running one year or less

from date of policy, $849,192.91; unearned

premiums, 50 per cent

$ 424,596 45

103,557 00 2,498 00

COMPTROLLER-GENERAL'S REPORT.

471

26. Gross premiums (less reinsurance) upon, all unexpired risks running more than one year from date of policy, $89,316.13; unearned premiums, pro rata

64,817 61

27. Total unearned premiums 28. Commission, brokerage and other charges due or to become
due to agents or brokers on policies issued subsequent to October 1, 1903, viz.: Accident, $10,502.03; health, $3,971.88; liability, $14,130.13; steam boiler, $1,390;
sprinkler, $541-74 32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,
due or accrued 37. Reinsurance 38. Other liabilities, viz.: Voluntarily reserved for contin-
gencies

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

! 300,000 00 650,000

50. Surplus as regards policy-holders

51. Total liabilities

$

489,414 06
30,535 78 2,000 00 1,790 28 74.485 09
704,280 2L
950,000 00 1,654,280 21

, ., . Accident HealthLiability Steam boiler
Total.

Business in, Georgia during 1903. Gross Premiutrs on oRrisrkesnewwrietdten during year. $ 12,66 72 $ 3,293 23 13,387 22
892 73
.% 30,239 90 $

Gross Losses Paid. 9,454 37 1,213 12 11,223 05
21,890 54

UNITED STATES FIDELITY AND GUARANTY COMPANY OF MARYLAND.

JOHN R. BLAND, President.

GEO. R. CGUM. Secretary.

Home Office, S. W. corner Calvert and German Streets, Baltimore, Md.

I.--CAPITAL STOCK.

1 Amount of capital paid up in

cash

$ 1,700,00000

2 Amount of ledger assets December 31 f

previous year

.$T

3. Increase of paid-up capital during the year..

Surplus paid on account of same

Extended at

2,497,814 71
49,100 00 '393 5 $

2,563,30821

472

COMPTROLLER-GENERAL'S REPORT.

II.--INCOME.

As Shown by the Books at the Home Office at Close of Business December 31.

Fidelity and Surety.
Gross premiums unpaid De-

Burglary.

cember 31 last year

$ 240,033 84

Gross premiums written and

49,879 52

renewed during the year. . . 1,806,700 90 451,426 76

Ttal Deduct gross premiums now
in course of collection

2,046,734 74 326,569 49

501,306 28 81,787 95

Entire premiums collected

during the year



Deduct reinsurance, return

premiums and cancellations.

1,720,165 25 212,490 20

419.518 33 90,370 29

Net cash actually received for

premiums

1,507.67505

19. Interest on mortgage loans

$

20. Interest on collateral loans

21. Interest on bonds and dividends on stock. ..

22. Interest from all other sources

23' Gross rents from company's property, includ-

ing $9,000 for company's own occupancy. .

329,148 04 I-7I9 25 1,266 52
61,349 26
1,117 59

$1,836,823 09

12,788 76

24. Total interest and rents 25. Profit on sale or maturity of ledger assets: Dividend re-
. ceived from Lawyers' Surety Company of New York (in liquidation) on account reduction of capital stock
30. From all other sources: Department of Guaranteed Attorneys

78.241 38
98,567 65 21,552 67

36. Total income

$ 2,035,184 79

III.--DISBURSEMENTS.

As Shown by the Books at the Home Office at Close of Business December 31.

Fidelity and Surety.

Burglary.

Gross amount paid for losses.$ 710,582 69 De.duct salvage and reinsur-

123,208 13

ance

136,478 82

8,852 78

Net amount paid policy-hold-

ers for losses

574.103 87 114.155 35 $ 668.259 22

14. Investigation and adjustment of claims, including legal ami

other expenses of suits against policy-holders 18. Commissions or brokerage, less amount received on return
premiums and reinsurance 22. Stockholders for interest or dividends (amount declared

39,803 64 506,820 95

during the year, 7 per cent.)

'

118,832 00

COMPTROLLER-GENERAL'S REPORT.

473

23. Salaries, fees and other compensation of officers and home

office employees 24. Salaries, traveling and all other expenses of agents not paid

by commissions

26. Inspections (other than medical)

27. Rents, including $9,000 for company's own occupancy

28. Repairs and expenses (other than taxes) on real estate

30. All other taxes, licenses and insurance department fees

31. Legal expenses (not included in No. 14)



32. Advertising

33. Printing and stationery
34- Postage and express and telegrams .35- Furniture and fixtures 40. All other disbursements: Traveling expenses, H. O. ac-
count, $6,990.39; incidentals, development, etc., $20,923.94

143,243 46
128,608 68 17,393 13 33,464 18 19,066 55 59,120 61 23,265 58 32,731 72 42,191 77 49,055 28 6,413 30
27,824 33

45. Total disbursements

$ 1,936,184 40

IV.--LEDGER ASSETS.

As Shown by the Books at the Home Office at Close of Business December 31.

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 collaterals 4 Book value of bonds, excluding interest, $1,-
587.553.56, and stocks, $210,684 5. Cash in company's office, $57,293.10; depos-
ited in bank, $199,890-33 8. Mortgages and other collateral, account sal-
vage 9. Due from subscriptions department, guaran-
teed attorneys 10. Advanced account, contracts secured

445.6" 92 22,650 00 23,535 00 1,798,237 56 257,183 43
4,000,00
38,262 50 155,730 45

Total Deduct ledger liabilities, cash deposited as
security for risk

2,745,210 86 82,902 26

11. Ledger assets

2,662,308 60

NON-LEDGER ASSETS.
12. Interest due and accrued on mortgages 3 13. Interest due and accrued on bonds 14. Interest due and accrued on collateral loans. 15. Interest due and accrued on other assets

735 30 22,633 72
321 01
1,029 05

Total

'

18. Market value (not including interest in item 13) of bonds

and stock over book value

24,719 08 92,286 24

474

COMPTROLLER-GENERAL'S REPORT.

19. Gross premiums in course of collection, viz.:

Fide itv and Surety.

On policies or renewals is-

sued subsequent to Octo-

ber I

$ 326,56949

33- Total

37. Gross assets

-.

Burglary.

81,78795

40S.357 4-1

$ 3,187,671 36

I. Losses and claims:
In process of adjustment. Resisted by company

-I.1AIUI.ITIKS.
Fidelity mid S ire'ty.
T4.4OO 05 99,8l2 90

Burglary. 2.328 86
671 65

16. Net unpaid claims, less reinsurance $400

$

21. Estimated expenses incident to the settlement of unpaid

claims

25. Gross premiums (less reinsurance) upon all

unexpired risks running one year or less

from date of policy, $1,885,756.69; un-

earned premiums, 50 per cent

$ 942,878 35

26. Gross premiums (less reinsurance) upon all

une.xpired risks running more than one

year from date of policy, $74,991.94; un-

earned premiums, pro rata

41,280 13

116,813 46

27. Total unearned premiums 28. Commission, brokerage and other charges due or to become
due to agents or brokers on policies issued subsequent to October 1, viz.: Fidelity and surety. $68,759.59; burglary, $17,175.47

984,158 48 85.755 r6

47. Total amount of all liabilities, except capital

$ 1,191,727 00

48. Capital actually paid up in cash

$ 1,700.000 00

49. Surplus over all liabilities

295,944 36

50. Surplus as regards policy-holders

1,995,944 3

51. Total liabilities

$ 5.187.(171 36

Business in Georgia during 1903.

Fie e if nd Surety.
Gross premiums on risks written or renewed

during the year

$ 25,920 84

Gross losses paid

17,020 59

Gross losses incurred

14,936 07

Burg ary.
2.052 95 3?3 50 323 5

COMPTROLLER-GENERAL'S REPORT.

475

UNITED STATES HEALTH AND ACCIDENT INSURANCE COMPANY OF MICHIGAN.

,, ., . J B PITCHER, President.

V. D. CLIFF, Secretary.

Home Office, 128-130 North Washington Avenue, Saginaw, Mich.

!--CAPITAL STOCK.

I. Amount of capital paid up in

cash

200,000 00

2. Amount of ledger assets December 31 of

previous year

Extended at.

297,291 64

297,291 64

II.--INCOME. As Shown by the Books at Home Office at Close of Business December 31.
Acou'ent and Health.

Gross premiums unpaid December 31 last

year, collected

; *

Gross premiums written and renewed during

the year

_

8,187 52 653,796 46

Total Deduct gross premiums now in course of col-
lection

Entire premiums collected during the year. .. Deduct reinsurance, return premiums and

cancellations Net cash actually received for premiums

644.554 31

19 Interest on mortgage loans 21. Interest on bonds and dividends on stocks. . 2.2. Interest from all other sources

9748 72

30. From all other sources.

36. Total income

III --DISBURSEMENTS.

1,031 36 655,334 39

As Shown by the Books at Home Office at Close of BusinessDecember 3,

J

Accident and Hunltn.

Gross amount paid for losses Deduct salvage and reinsurance

$ 330,494 83 _______

Net amount paid policy-holders for losses. "/-".""* I4 Investigation and adjustment of claims, including legal and 4 other expenses in defense of suits against M^ ^n ,8. Commissions or brokerage, less amount rece.ved on return
premiums and reinsurance. 22. Stockholders for interest or dividends (amount declared
during the year)

327,617 76 1,666 17
130,398 46 32,000 00

476

COMPTROLLER-GENERAL'S REPORT.

23. Salaries, fees and other compensation of officers and homeoffice employees
24. Salaries, traveling and all other expenses of agents not paid by commissions
25. Medical examiners' fees and salaries 27- Rents 30. All other taxes, licenses and insurance department fees 32. Advertising 33. Printing and stationery 34. Postage and express 35. Furniture and fixtures 41. General expenses, $1,710.44; office supplies, $488.21; agents'
balances, $2,606.27 43. Premiums on bonds purchased

33,313 69
12,695 97 4.041 05 8,48787 10,483 48 2,481 40 7.323 34 1 1,343 76 1.346 55
4,804 92 10,000 00

45. Total disbursements

$ 598.004 42

IV.--LEDGER ASSETS.

As Shown by the Books at Home Office at Close of Business December 31.

2. Mortgage loans on real estate, first liens $ 4. Book value of bonds, excluding interest.
$241,600, and stocks, $15,000 5. Cash in company's office, $2,156.03; depos-
ited in bank, $91,036.97 7. Other ledger assets: Agents' balances se-
cured.

18,163 -4 243,100 00 93,193 00
1,170 04

10. Less ledger liabilities (balance due for reinsurance)
11. Ledger assets

355.626 28 1.004 67 $ 354,621 61

NON-LEDGER ASSETS.

12. Interest due, $285.26, and accrued, $277.56, on

mortgages

$

13. Interest due and accrued on bonds

562 82 1,880 56

Total 19. Gross premiums in course of collection, viz.:
On policies or renewals issued subsequent to October I, 1902, accident and health
35. Reserve reinsurance deposit

37- Gross assets

2.443 38
14,291 48 1.754 67 373.111 14

COMPTROLLER-GENERAL'S REPORT.

477

V.--INABILITIES.

i. Losses and claims:

Accident and Health.

In process of adjustment Reported proofs not received Resisted by company

$

1.747 94

22,338 00

2>723 00

16. Net unpaid claims



$

25. Gross premiums (less reinsurance) upon all unexpired risks

running one year or less from date of policy, $52,257.26;

unearned premiums, 50 per cent

28. Commission, brokerage and other charges due or to be-

come due to agents or brokers

32. Salaries, rents, expenses, taxes, bills, accounts, fees, etc.,

due or accrued 39. Commissions accrued

47. Total amount of all liabilities, except capital

48. Capital actually paid up in cash

$

49. Surplus over all liabilities

! 200,000 00 108,322 10

50. Surplus as regards policy-holders

^

51. Total liabilities

:

26,808 94
2() 128 63 !,726 47' 125 00 !,000 00
64,789 04
3o8; 322 10 373: in 14

Business in Georgia during 1903.
Gross premiums on risks written or renewed (luring the year..! Gross losses paid Gross losses incurred

Accident. 247 10 88 33 142 33

INSURANCE DEPARTMENT. TABLE No. 1.
Fire Insurance Companies Authorized to Transact Business in this State for the Year 1904. Condition is Shown to 1st of January, 1901.

Their General

NAME OF COMPANY.

STATE.

Assets.

Surplus Be-

LiabiJities.

yond Capital and alt

Income. Expenditures.

Profit.

O

Loss.

O

Liabilities.

'0

American Central

Fire St. Louis, Mo

3,817,728 48

1,568,180 62

1,249,597 86

1,968,244 16

1,501,184

467,109 78

H o w

Agricultural A tlas Assurance

" Wateitown, N. Y... " England

2,668,555 21 1,279,594 34

1,456,958 63 706,000 69

711.596 58 373,593 65

1,312,917 12 990,015 49

1,065,133 10 914,518

247,784 02 75,496 50

tr1

yEtna Atlanta and Birmingham

" Hartford, Conn " Birmingham, Ala..

15,190,888 15 418,009 92

5,130,150 44 89,221 50

6,060,737 71 139,097 01

17,713,501 69 175,655 24

4,495,148 22 88,590 48

13,218,353 47 87,064 46

so

Atlanta Home British-America

" Atlanta, Ga " Toronto, Canada ...

314,925 52 1,491,803 68

46,481 46 1,015,116 70

68,444 06 476,746 98

63,646 98 1,560,010 46

49,835 34 1,371,372 62

13,811 64 188,637 84

Q

Caledonian

" Scotland

1,734,358 51

992,722 08

741,631 48

1,124,764 39

961,318 12

163,451 27

Citizens

" St. Louis, Mo

732,422 21

348,375 18

183,547 03

486,083 05

398,220 70

87,862 35

Commercial Union

" England

4,294,751 91

2,901,903 04

1,392,848 87

3,180,870 51

2,659,468 60

521,401 91

Continental

" New York, N. Y....

14,392,177 63

0,628,749 10

6,563,428 53

6,291,805 23

4,821,991 14

1,469,814 09

SO

Connecticut

" Hartford, Conn

5,172,036 80

2,730,551 45

2,441,485 85

3,081,086 90

2,487,368 55

593,718 35

Fire Association

" Philadelphia, Pa...

6,345,743 78 4,910.600 81

935,142 93

8,966,959 15

3,253.947 37

713,011 78

Eireman's Fund Georgia Home

" San Francisco, Cal. " Columbus, Ga

5,858,820 37 962,636 99

2,702,701 57 344,395 00

2,156,118 80 318,241 99

3,437,421 73 422,830 10

2,710,823 50 325,623 51

726,598 23 97,206

U-

German German A lliance German-American Germania

" Freeporr, 111 " New York, N. Y " New York, N. Y.... " New York, N. Y....

5,006,681 60 1,304,228 58 12,228,528 04 5,849,833 63

3,303,085 99 402,822 12
5,095,279 05 2,331,369 52

1,503,595 61 501,406 46
5,633,249 59 2,518,461 11

3,072,602 14 482,717 42
6,731,568 22 2,297,984 84

2,475,596 89 335,871 23
3,982,455 84 1,550,138 80

597,005 26 146,846 19 2,749,112 38 747,796 04

P3
w !-= o

Glenns Falls Greenwich

" New York, N. Y.... " New York, N. Y ...

4,046,681 16 2,120,003 97

1,370,804 07 1,761,840 20

2,475,877 09 158,163 77

1,442,326 88 2,004,129 11

1,085,652 17 1,885,346 75

356,674 71 118,782 36

Ed H

Hamburg-Bremen Hanover

" Germany " New York, N. Y....

1,834,177 95 4,104,110 07

1,397,485 25 2,478,882 58

436,692 70 630,227 49

1,756,001 90 3,057,785 57

1,486,768 58 2,369,387 02

269,233 32 088,348 55

Hartford

" Hartford, Conn

14,542,952 28

9,355,155 41

3,937,796 87 10,523,826 69

8,691,998 52

1,831,328 17

Home

" New York, N. Y....

18,040,793 99

8,466,042 50

6,574,751 49

8,796,151 19

6,662,325 04

2,133,826 15

Insurance Co. of N. A

" Philadelphia Pa...

11,259,981 65

5,837,991 32

2,421,990 33

7,257,713 46

6,169,145 16

1,088,568 30

Law. Union and Crown

" England

854,201 8<

271,515 28

582,680 00

561,473 16

875,717 22

185,755 94

Liverpool & London A Globe ... "

Liverpool & London & Globe ... "

London Assurance

"

London and Lancashire

"

Manchester

"

England New York, N. Y.... England England England

12,056,918 50 508,771 34
2,766,642 98 2,795,145 27 1,780,291 68

6,896,876 15 175,929 33
1,470,882 63 1,791,150 00 1,205,716 44

5,160.542 35 132,842 01 785,760 35
1,003,995 27 574,575 24

7,286,572 86 214,242 90
1,922,065 40 1,978,418 27 1.465,564 95

6,249,248 54 149,584 94
1,525,056 37 1,556,366 31 1,294,251 09

1,037,324 32 61,657 96 397,009 03
422,051 96 171,313

Mercantile Mutual

Milwaukee Mechanics

National National Union New Hampshire

Niagara North German

Norwich Union North British and Mercantile..

Northern Assurance

Orient

Palatine Pennsylvania

Phoenix Assurance

Phoenix

Phoenix

Queen Rochester-German

Royal



Scottish Union and National..

Sjuthern Mutual

Springfield

St. Paul Sun Insurance Office

Sun

Traders Union Assurance Western Assurance

Westchester Willlamsburgh City

Totals

Providence, R. I.. Milwaukee, Wls... Hartford, Conn Pittsbuig, Pa Manchester, N. II.. New York, N. Y ... New York, N. Y ... Bi gland England England Hartford, Conn England Philadelphia, Pa .. England New York, N. Y ... Hartford, Conn New York, N. Y ... Rochester, N. Y... England Hartford, Conn.. Athens, Cra Springfield, Mass. St. Paul, Mlnu -- England New Orleans,La . Chicago, 111 New York, N. Y..
loronto, Canada . New York, N. Y.. New York, N. Y ..

106,408 41 2,926,281 42 6,468,828 59 1,634,357 80 3,877,840 70
3,958,717 47 417.078 30
2,031,429 39 6 0(19,873 68 3,400,487 83 2,247,970 65 1,046,030 33
6,261,613 51 2,978,911 05 7,407,001 62 6,853,661 20 6,322,035 29 1,605,688 71 8,654,632 16 4,840,110 16 1,013,482 02 6,282,402 15 3,699,022 71 2,011,882 15
1,098,667 18 2,774,605 91 1,696,534 87 2,457.488 89 3,447,004 01 2,462,573 54

110,073 25 1,339,072 30 3,640,569 66
559,082 13 1,681,300 62 2,247,155 80
188,832 11 1,776,778 38 3,427,045 08 2.302.888 0( 1,044,850 17 1,093,20! 31 3,342,171 20 2,118,441 02 4,736,801 47 3,272,644 76 2 819,226 88
883,094 04 5,339,119 59 2,053,002 75
155,542 42 2,661,912 21 2,183,950 46 1,051,754 20
328,742 01 1,107,805 48
818,270 57 1,672,681 00 1,898,380 79
982,056 67

86,330 16 1,387,209 12 1,823,258 98
325,275 67 1,103,546 08 1,206,561 67
28,246 10 854,651 01 2,641,928 55 807,509 77 703,111 48 852,835 02 2,519,442 31 860,470 03 1,670,200 15 1,581,016 53 3,003,708 41 572,504 67
3,315,512 57 2,787.107 41
738,110 03
1,620,480 04 1,015,063 25
060,127 86 269,024 10 1,076,8J0 43
878,264 30 583,807 80 1,248,623 22 1,230,516 87

105 894 51 1,445,819 98 4,231,439 22
782,697 51 1,844,000 65 2,582,165 80
333,386 71 2,113,818 02 3,926,096 92 2,410,800 82 1,136,809 20 1,316,392 55 2,860,487 02 2,568,806 04 5,394,557 70 3,806,711 61 3,270,371 32 1,086,001 78 5,240,327 31 2,072,717 77
334,059 92 3,416,417 79 3,148,864 67 2,116,470 44
460,348 82 1,510,873 93 1,127,160 30 2 673,414 70
4,189,61: " 1,157,478 72

177,620 56 1,157,806 80 8,501,018 02
584,603 24 1,480,629 62
2,070,831 98 278,729 37
1,861,745 67 3,175,025 78 2,369,906 45
888,378 36
1,071,251 89 2,227,730 68 2,571,484 50 4,610,743 02 2,984,065 31 2,588,809 07
872,715 34 4,101,004 00 1,683,871 97
338,381 38 2,738,702 04 2,722,286 50 1,844,622 77
300,488 78 1,222,948 23
933,001 (57 2,358,173 21 1,708,088 60
061,794 08

18,273 05 287,053 00 729,521 20 198,004 27 304,377 03 511,330 82
54,057 34 252,072 35 750,771 14
40,084 37 248,520 84 245,140 66 632,747 34
774.813 78 822,646 30 701,562 25 214,276 44 1,040,322 41 388,845 80
"677,624'85 426,578 08 271,856 6' 60,857 54 287,925 70 193,267 72 820,241 40 340,624 77 195,683 74

O o
2,678 46
H EC O
F r
4,321 46 El
Q IS Szj
H >r1

J 274,108.274 26 $ 144,959,429 01 $ 120,148,844 65 8 173,310,140 85 8 130,331,714 76 8 42,071,435 17 8 6,000 02

H
o<-Q
S3
H

TABLE NO. 2. Old Line Life Insurance Companies Authorized to Transact Business in this State for the Year 1904.
Condition is Shown to 1st of January, 1904.

Their General

NAME OF COMPANY.

STATE.

^Etna

Life Hartford, Conn

Connecticut Mutual Equitable

' Hartford, Conn New York, N. Y.. ..

Fidelity Mutual

' Philadelphia, Pa....

Franklin

' Springfield, III

(iermania

' New York, N. Y

Hart lord

' Hartford, Conn

Home Illinois....

'

New York, N. Y .... Chicago, 111

Life Insurance Co. of Virginia.. ' Richmond, Va

Manhattan

' New York, N. Y

Maryland

Baltimore, Md

Massachusetts Mutual Metropolitan

Springfield, Mass... New York, N. Y

Michigan Mutual

Detroit, Mich

Missouri State

St. Louis, Mo

Mutual Benefit

Newark, N. J

Mutual

New York, N. Y

Mutual Reserve

New York, N. Y

Mutual

Chicago, 111

National

Chicago, 111

National

Montpelier, Vt

New England Mutual

Boston, Mass

New York

New York, N. Y

Northwestern Mutual

Milwaukee, Wis

Pacific Mutual

San Francisco, Oil

Prudential

Newark, N. J

Penn Mutual

Philadelphia, Pa..

Phoenix Mutual

Hartford, Conn

Provident Savli gs

New York, N. Y

Reliance

Pittshurg, Pa

Royal Union Mutual

Des Moines, Iowa.,

Security Trust

Philadelphia, Pa...

ASSETS.

Liabilities on Gross Surplus

Policy-holders on Policy-holn

Account.

ers Account

INCOME.

EXPENDITURES.

PROFIT.

LOSS.

o O g

<v

68,067,862 65 64,932,954 84 379,704,789 58
5,890,612 30 1,890,136 42 32,476,115 69

60,939,711 42 60,303,142 29
307,871,897 50 5,072,549 88
1,890,136 42 27,969,444 05

3,671,756 55 4,629,812 55 71,782.892 ""
818,062 42
4,506,671 64

14,558 874 56
8,262,171 29 73,718,350 93
3,420,864 60 1,056,135 60 5,656,395 76

9,672,253 19 7,974,754 53 44,575,714 20
2,236,486 88 778.940 69
31,195,727 72

4,886,621 37 287,416 76
29,142,636 78
1,184,377 72 277,194 91
1,814,148 77

ofc
tr-<l ra w

3,314,684 65 15,102,840 60

2,918,385 53 13,976,070

397,299 12 1.126,769 73

2,533,411 30 3.435.528 86

2,342,975 58 2,409,605 59

190,435 72 1,025.923 27

Qi

5,015,658 66
1^65,414 83 17,687,604 61

4,809,458 36 1,235,541 02 15,927,794 38

106,200 30 329,873 31 1.659,810 23

2,084.314 75 1.569.529 12 3,321,506 70

1,247,986 05 1,299,140 09 2,772,185 47

836,328 70 270,389 03
549,321 23

2|
ft

2,343.889

2,006,185 80

237,704 18

372,780 39

277,740 84

95,039 5:

33,590,999 39

30,943,508 01

2,647,491 ""

7,653,197 37

4,830,513 78

2,822,683 59

105.656,311 60

94,964,439 04 10,091,872 56 49,887,801 11 31,036,656 86 18,851,147 25

8,355,078 04

7,992,092 59

362,985 45

1,853,199 04

1,252,238 83

600,960 21

479 549 12

334,877 35

145,171 77

463,277 29

202,814 38

260,402 91

87,396,248 87

80.748,016 91

6,648,201 96 16,604,179 IS 11,631,815 82

4,973,363 8

401,821,661 66 839,826,818 00 2,883,000 00 77,338.712 76 48,287,817 37 29,045,895 39

5,707,311 90 272,049 91

5,200,724 01 38,068 85

506,587 89 83,981 06

4,711,231 93 79,772 37

4,659,607 26 92,162 50

o 51,624 67 S 12,390 13

4,694,796 19

3,495.991 00

1,198,805 19

2,319,513 34

1,159,635 99

1,159,877 35

28,378 467 26 25,431,510

2,916 957 22

6,477,823 34

3,385,572 14

8,142,251 20

35.784,010 50

32,569,400 71

3,214.603 79

6,483,509 38

4,721,955 34

1,761,554 04

352,652.047 57 305,547,000 95 47,105,046 62 88,269,531 41 48,725,291 66 39,544,239 75

178,200,625 20 172,585,861 30 5,614,763 90 33,835,273 66 19,337.594 77 14,497.678 89

6,209,785 46

5,277,215 42

832,6,9 63

2,631,994 91

1,862,073 76

769,821 15

72,394,759 80

62,201,361 63

8,193,898 17 39,025,128 25 25,760,230 46 11,264,891 79

60,785,959 58

57,467,121 71

3 318,837 87 11,840,718 50

8,130,002 74

6,710,715 76

17,011.161 98

16,295,457 "

715,704 45

3,782,876 OH

2,511,488 81

1,271.387 2k

7,045,142 26

6,312,056 73

733,085 53

4 205.081 1-1

3,325,086 09

879,995 82

2,018,700 94

107,874 46

910,826 48

1,167,579 45

113,844 48

1,053,734 97

1,076,076 36

966.485 14

109,591 22

496,354 38

294,401 31

202,153 07

2,323,726 03

2,275,514 31

48,211 72

1,092,264 34

855,867 15

236,397 21

Security Mutual., South Atlantic... ,, State |- State Mutual -Sun D Travelers Union Central... Union Mutual Washington
Total.

Blnghamton, N. Y,, Richmond, Va Indianapolis, Ind... Worcester, Mass.... Montreal, Canada Hartford, Conn..., Cincinnati. O Portland, Me New York, N. Y...,

1,888,870 01 284,338 59
2,205,685 86 23,249,248 36 15,473,743 84 32,197,451 37 38,621,473 39 10,238,221 54 16,963,885 65

1,397,155 94 87.477 88
1,815,058 88 21,064,170 00 14,472,361 35 30,854,829 57 82,596,499 50 9,677,802 44 16,324,725 93

591,714 07 196,860 71 390,576 "" 2,185,078 36 1,001,382 49 1,842,621 80 6,024,973 89 568,786 "" 639,159 72

1,831,478 32 108,235 10
1,748,490 27 4,801,154 28 3,986,139 50 6,221,635 82 8,804,970 85 2,3S6,627 13 3,676,255 81

1,069,999 99 85,191 40
1,092,357 47 3,094,016 82 2,080,155 70 3,296,457 51 4,137,022 38 1,683,032 77 3,425,457 73

761,478 33 23,043 70 656,132 80 1,707,137 46 1,905,983 80 2,925,178,31 4,667,948 47 703,594 36 260,798 08

$ 2,151,869,861 47 8 1,883,606,330 64 $ 201,016,751 77 $ 516,768,873 88 8 348,873,674 10 8 167,882,809 65 8 12,390 13

O

O

S

H

o
f
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I


*!

W

O W H

TABLE NO. 3.
Accident, Marine and Surety Insurance Companies Authorized to Transact Business in this State for the Year 1904. Their General Condition is Shown to 1st of January, 1904.

NAME OF COMPANY.

STATE.

jEtna Indemnity

Co Hartford, Conn

American Surety

" New York, N. Y

American Bonding

" Baltimore, Md

City Trust Safe and Deposit

" Philadelphia, Pa..

Employers Liability

" London, England..

Fidelity and Casualty

" New York, N. Y

Fidelity and Deposit

" Baltimore, Md

General Accident

" Perth, Scotland

Great Eastern Casualty

" New York, N. Y

Guarantee Company of N. A

" Montreal, Canada...

Hartford Steam Boiler

" Hartford, Conn

Lloyds Plate Glass

" New York, N. Y

London Guarantee and Accident.... " London, England..

Maryland Casualty

" Baltimore, Md

Metropolitan Plate Glass

" New York, N. Y

National Surety

" New York, N. Y ,

New York Plate Glass

" New York, N. Y

North American Accident

" Chicago, 111

Ocean Accident

" London, England..

Pennsylvania Casualty

" Scranton, Pa

,

Pacific Surety

" San Francisco, Cal.

Preferred Accident

" Nw York. N. Y.. ...

Standard Life and Accident

" Detroit, Mich

Thames and Mersey Marine

" Kngland

Title Guaranty

" SerantOn, Pa

Travelers Accident

" Hartford, Conn

United States Casualty

" New York, N. Y

U. S. Fidelity and Guaranty

" Baltimore, Md

U. S. Health and Accident

" Saginaw, Mich ,

ASSETS.

Total Liabilities Except
Capital.

Surplus Beyond Capital and all Lia-
bilities.

INCOME.

EXPENDITURES.

PROFIT.

LOSS.

O C g

H w

940,184 !i 5,627,954 61 2,142,831 12

204,292 92 1,128,655 09 1,009,583 91

22,792 07 1,999,299 52
133,247 21

340,961 56 1,627,977 91
845,157 18

334,008 24 1,251,206 45
786,298 55

6,953 32 376,771 46
58,858 63

o
t-l t-1

3,156,425 81 2,375,201 40

2,457,181 95 1,661,473 12

199,243 86 163,728 28

332,138 69 2,293,387 10

356,815 80 1.815,755 22

$ 24,677 11 477,631

I

5,792,353 75 5 787,267 22

4,128,560 44 990,040 09

1,163,793 31 2,797,227 13

5,284,316 38 1,556,615 62

4,395,698 35 1,236,160 39

888,648 03 320,455 23

0

581,226 51 262,543 12 1,197,717 80 3.122,165 10 769,099 17 1,478,902 35

270,086 31 95.386 01
145,428 96 1,904,287 45
271,333 54 1,028,006 10

61,140 20 42,157 11 747,688 84 717,877 65 247,765 63 250,896 25

425,569 39 194,147 44 254,853 44 1,464 313 63 462,689 17 1,233,862 19

341,068 56 169,521 3 150,546 89 1,253,142 87 373,221 34 1,070,259 03

84,499 88 24,626 07
104.306 55 211,170 76
89,467 83 168,603 16

!zi H W tt>r1

3,062,471 05

1,489,077 97

823,393 08

2,054,357 38

1,724,412 67

329,944 71

583,630 30 1,611,555 71

199,190 20 889,588 88

184.440 10 221,966 83

361,448 01 912,855 70

318,717 10 749,290 -7

42,730 91 163,565 43

W

603,893 99

272,616 42

231,277 57

473,174 63

386,323 03

86,851 60

298,269 74 2,298,507 26
321,444 65

96,023 70 1,061,252 10
81,219 87

102,246 04 1,237,255 16
40,224 78

341,604 23 1,658,185 87
145,650 55

299,471 18 1,367,528 35
103,101 05

42,133 10 290,657 02
42,549 50

O w

415,601 02

78,161 55

87,439 47

138,132 48

87,128 64

61,003 84

1,152,329 81

712,720 63

239,609 18

1,177,712 46

1,179,698 15

1,985 69

1,898,146 57

1.263,963 15

384,183 42

1,575,980 47

1,312,543 17

263,437 30

625,857 52

226 962 00

98,885 52

543,514 78

f43,514 78

2,179,791 69 1,116.869 ::'.i

285,771 03

218,480 59

185,581 72

32,898 87

7,908,398 02

4,021,703 72

2,886,691 30

5,449.254 17

4,275,872 90

l,173,:isi 27

1,654,280 21

701,'.'80 21

650,000 00 1,112,586 10

943,898 51

3,187,671 36

1,191,727 00

295,944 36

2,085,184 79

1,817,352 40

217,832 39

373,111 14

64,789 04

108,322 10

655,331 39

566,004 42

89,329 97

Total

61,408,832 99 8 28.765,641 02 $ 16,725,860 00 35,169,675 80 S 28,894,141 35 8 5,801,996 25 $ 26,662 80

TABLE No. 4. Showing Business Done by Fire Insurance Companies in this State for the Year 1904.

o .

NAME OF COMPANY.

STATE.

Amount of Insurance Premiums. in Force.

Losses Paid.

Premiums

in Excess

of Losses.

J'oK

8 6C

a
< 3 o a

01 PS

o

o o

S

Atlanta and Birmingham.. "

Hartford, Conn.. t 11,880,595 00 $

Watertown, N.Y. 1,768,038 00

St. Louis, Mo

1,974,996 00

Birmingham, Ala. 1,896,477 36

Atlanta, Ga.. -- 2,443,701 00

185,277 48 8 25,496 55 33,599 41
34,123 50 41,905 06

Commercial Union

Toronto, Can .... Edinburgh, Scot. St. Louis. Mo " London, Eng New York, N.Y'..

1,991,590 00 272,925 00
1,762,067 00 5,473,651 00 6,504,588 00

28,103 67 4,130 45
31,210 62 94,266 87 119,858 39

76,117 05 9.514 88
12,363 16
6,637 51 12,043 62

109,159 73 8 .... 15,981 72 21,236 25 27,585 99
29 861 44

8,064 58 733 32
14,818 06 41,554 88 36,142 23

20,039 09 3,397 13 16,397 56
52.712 04 83,716 16

153 8 367 20 8 16 00 8 16 00 8 1,852 77 8 2,251 97

26

62 40 16 00 16 00 254 97 849 37

43

103 20 16 00 16 00 335 99 471 19

83

199 20 16 00 16 00 341 24 594 44

63

151 20 16 00 16 00 419 05 602 25

41

98 40 16 00 16 00

130 40

32

76 80 16 00 16 00 281 04 389 84

5

12 00 16 00 16 00

41 31

85 31

58

139 20 16 00 16 00 312 11 483 31

64

158 60 16 00 16 00 942 67 1,128 27

97

232 80 16 00 16 00 1,198 58 1,463 38

Hso o
tt-rl1
w so o I
H

Hartford, Conn .. 1,098,100 00 17,896 52

8,470 98

9,425 94

12

28 80 16 00 16 00 IS 97 239 77

Philadelphia, Pa. 4,574,106 00 71,634 16 29,033 39 42,600 77

100

240 00 16 00 16 0U 716 34 988 34 H

SanFran'sco.Cal. 5,294,920 00 100,824 89 t'olumbus, Ga ... 3,591,324 00 60,179 08

36,700 62 18,745 70

64,124 27 41,433 38

82

196 80 16 00 16 00 1,008 25 1,237 05 SO

99

238 00 16 10 16 00

601 79

871 79

>

Freeport, 111..... 1,789,966 00 28,158 19 12,788 00 15,670 19

33

79 20 16 00 16 00 284 58 395 78

New York, N.Y.. 4,869,840 07 81,786 69 41,822 45 39,964 24

7 120

16 80 16 00 16 00

48 80

288 00 16 00 16 00 '"817 87 1,137 87

CO

New York, N. Y.

3.004,671 00

42,851 53

12,535 45

30,316 08

21

50 40 16 00 16 00 428 52 510 92 SO

Glens Falls

" Glens Falls,N.Y. New York, N. Y.. Hamburg, Ger... New YTork, N. Y.. Hartford, Conn..

3.467,989 00 20,902,874 00 1,577,374 00 3.135.876 00 12,098 737 00

39,072 85 46,433 29 26,740 33 41,607 73 214,581 09

10,650 95 20,152 14
12,275 74 11,946 31
71,868 12

28,421 40 26,281 15 14,464 59 29,661 42 142,712 97

44

105 60 16 00 16 00 390 72 528 32 M

68 15 50

163 20
36 00 120 00

16 00 16 00 16 00

16 00 16 00 16 00

464 33 267 40 416 08

659 53 335 40 568 08

o"0 so

263

681 20 16 00 16 00 2,145 81 2,809 01 H

New York, N.Y.. 15,590,118 00 204,505 22 101,873 55 102,631 67

126

302 40 16 00 16 00 2,045 05 2,397 45

Philadelphia. Pa. 23,452,730 00 211 384 29 71,314 27 140,070 02

141

338 40 16 00 16 00 2,113 84 2,484 24

Law, Union and Crown

" London, Kng

111,200 00

1,245 26

1,245 26

8

19 20 16 00 16 00

12 45

63 65

Liverp'l & London & Globe. " London, Eng. ... LiverpU & London & Globe. " New York, N. Y..
London, Eng

9,271,602 00 656,440 00
1,194,611 00

179,312 38 13,935 80 14,957 72

103,086 31 8,671 93 2,408 63

76,226 07 5,263 S7 12,549 09

174

417 60 16 00 16 00 1,793 12 2,242 72

5

12 00 16 00 16 00 139 35 183 35

14

33 60 16 00 16 00 149 58 215 18

London, Eng. ..

2 363,722 00

39,552 61

10,479 78

29,072 83

48

115 20 16 00 16 00 395 53 542 73

Manchester,Eng. 1,741,029 00 30,790 82 10,301 45 20,489 37

23

55 20 16 00 16 00 807 91 493 11

Providence, R. I. 1.304.877 00 10,715 95

438 86 10,277 09

1

2 40 16 00 16 00 107 16 141 56

Milwaukee, Wis.

650,220 00

8,083 09

991 08

7,092 01

8

19 20 16 00 16 00

80 83 182 03

Hartford, Conn.. 4,776,928 00 50,623 84 23,080 49 27,543 35

66

158 40 16 00 16 00 506 24 696 64

National Union Niagara New Hampshire North German Norwich Union North British & Mercantile. Nonhern Assurance Orient Palatine Pennsylvania Phoenix Phcenix Phoenix Queen Rochester German Royal . . ..' Scottish Union & National. Southern Mutual
Springfiel d St. Paul Sun Insurance Office Sun Traders Union Assurance Western Assurance Westchester Williamsburgh City
Total

Pittsburgh, Pa... New York, N.Y.. Manchester, N.H New York, N. Y. Norwich, Eng London, Eng ... London, Eng.... Hartford, Conn. London, Eng Philadelphia, Pa. "ondon, Eng Brooklyn, N. Y.. Hartford, Conn.. New York, N. Y.. Rochester, N. Y . Liverpool, Eng.. Edinburgh, Scot. Athens, Ga Springfield,Mass St. Paul, Minn... London, Eng New Orleans, La. Chicago, 111 London, Eng Toronto, Can New York, N . Y. Brooklyn, N . Y.

1,103,756 00 1,752,197 00
4,316,378 00 5,143,344 00 4 633,148 00 1.656,504 00 2,482,308 00 2,873.446 00 2,809,512 00 9,140,196 18 4,984,982 00 6,495,982 00 2,299,485 00 12,961,531 24 1,743,890 00 28,546,726 00 2,783,088 00 2,622,392 00 2,738,425 70 3,499,333 00 2,163,235 00 1,550,025 00 3,167,699 71 2,909,749 00 1,715,000 00

21,245 48 25,239 15
47,619 99 52,513 45 51,012 41 24,665 72 46,286 37 50,152 92 30,320 26 153,766 76 64,001 45 97,887 99 29,365 86 75,156 18 27,150 51 297,358 64 39,412 31 45,601 38 30,068 61 49,974 26 35,309 88 11,655 44 32,994 82 45,350 47 23,526 08

4,806 18 7,949 78
23,536 47 16,292 58 13,422 18 12,858 84 23,089 93 14,046 29
9,476 54 72,210 45 34,749 25 34,154 41 10,765 97 17,662 39 16,402 66 90,717 52 13,053 34
9,104 82 7,269 92 15,166 55 10,154 46 2,376 53 7,842 30 24,378 14 7,115 81

16,439 17,289
24,083 36,220 37.590 11,806 23,196 36,106 20,843 81,556 29,252 63,733 18,599 57.493 10,747 206,641 26,358 36,496 22,798 34,807 25,155
9,278 25,752 . 20,972 16,410

? 280,530,212 26 $ 3,535.767 62 $ 1,336,233 95 8 2,199,533 67 $

17

40 80 16 00 16 00

72 80

19

45 60 16 00 16 00 212 45 290 05

27

64 80 16 00 16 00 252 39 349 19

9

21 60 16 00 16 00

53 60

70

168 80 16 00 16 00 406 10 606 90

43

103 20 16 00 16 00 525 13 660 33

34

81 60 16 Ol) 16 00 510 12 623 72

28

67 20 16 00 16 00 246 66 345 86

29

69 60 16 00 16 00 462 86 532 46

72

172 80 16 00 16 00 501 52 706 32

24 120 93

57 60 288 00 223 20

16 00 16 00 16 00

16 00 303 20 392 80 16 00 1,537 67 1,857 67 16 00 640 01 895 21

Q O

104

249 60 16 00 16 00 978

1,260 48

33 76 16

76 SO 182 40
38 40

16 00 16 00 16 00

16 00 16 00 16 00

293 66 751 56 271 50

370 46 965 96 841 90

H Ed

32 36 65

76 80 86 40 156 00

16 00 16 00 16 00

16 00 2,973 58 3,082 38 16 00 394 13 512 53 16 00 456 02 644 02

OIr1 r<

15

36 00 16 00 16 00 300 68 368 68

32

76 80 16 00 16 00 499 74 608 54 Ed

33 4

79 20 16 00 16 00 9 60 16 00 16 00

353 10 116 55

464 30 126 15

1
O

48

115 20 16 00 16 on 829 95 477 15

28

67 2C 16 00 16 00 16 SO 16 00 16 00

453 50 235 26

552 70 284 06

a

Ed

3,306 $ 7,935 60 $ 992 00 t 992 00 835,357 67 $45,287 20

>

f

GC

Ed H TJ O Ed 1-3

00

TABLE No. 5. Showing Business of Old Line Life Insurance Companies in this State for the Year 1904.

-w

NAME OF COMPANY.

STATE.

Amount of Insurance in Premiums.
Force.

Losses Paid.

Premiums in Excess of Losses.

Loss. Z 3 be

3

a
01

taosS

abcSfi

Tax.

3S

rH |

^,02

li<U

Total.

O o

/Etna

Life Hartford, Conn

Connecticut Mutual.. Equitable

Hartford. Conn New York, N. Y

Fidelity Mutual Franklin

Philadelphia, Pa. Springfield, 111. ...

Germania

New York, N. Y

Hartford

Hartford, Conn

Home

New York, N. Y

Illinois

Chicago, 111

Life Insurance Co ....

Richmond, Va

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, Mo

Mutual Benefit Mutual

Newark, N. J New York, N. Y

Mutual Reserve

New York, N. Y....

Mutual

Chicago, III

National National

Montpeller, Vt. Chicago, 111

New England Mutual New York

Boston, Mass 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 Savings ...

New York. N. Y. ...

Heliance

Pittsburgh, Pa

Royal Union Mutual .

Des Moines, Iowa..

Security Trust

Philadelphia, Pa ...

Security Mutual

Binghamton.N. Y..

South Atlantic

Richmond, Va

4,504,356 00 1,186,400 00 14,788,032 00 2,496,756 00 2,053,500 00
789,002 00 8,021,598 00 1,178,340 00 1,106,216 00
3,055,498 00 530,000 00
6,680,411 00 11,406,896 00 1,021,595 24
52,972 00 7,900,473 00 25,551,826 00 3,313,802 00
327,487 00 935,080 00 1,228,750 00 1,164,242 00
13,037 280 00 2,229',813 00 8,081,808 00 19,373,046 00 1,951,400 00 3,730,320 00
111,500 00 890,475 00 476,897 00 2,820,73:', 00

130,115 55 39,129 58 476.372 23 74,436 70 70,803 73 22,676 98 83,574 00 42,525 69 37,044 53
92,580 82 16,907 70 198,412 84 366.358 96 29,513 63
1,562 85 270,167 80 929,311 24 100,672 00
8,920 12 27,582 65 35,780 81 40,495 57 772,915 79 385,850 98 27,296 97 259,163 83 604,030 93 70,502 44 135,569 21 3,847 32 13,640 02 22,819 97 61,846 281

72,487 58 2,000 00
215,773 46 54,934 00 13,580 04 0,945 22 42,111 00
5,000 00 15,000 00
53,364 00 6,472 00
69,110 00 81,072 8
7,315 00
116,011 33 435,276 00
39,112 54
1,000 00 13,102 00 138,258 00 260,431 49 171,752 00 6,174 01 35,693 85 115,439 00 18,478 00 72,250 00
2,000 00 5,329 00 50,356 18

57,627 97 37,129 58 260,598 77
19,498 79
57,217 69 15,731 76
41,163 00 87,525 69
22,044 63

39,216 82 10,435 70 129,272 84 285,280 16 22.198 6,'
1,562 85 154,156 47 494.035 24 61,559 46
8,920 12 26,582 65 22.678 31
512,484 30 214,098 98 21,122 91 223,469 98 488,591 93 52,024 44 63,809 21
3,847 32 11,610 02 17,490 97 11,490 10

97,762 43

K

50 40 $ 2 4C
76 8C 43 2C 4 8C 28 8C 40 81 14 4C

16 00 $ 16 00 16 OC io oo 16 00 10 00
16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00

1,801 16
391 4,763 72
744 33
708 04 226 77 835 74
425 26

1,383 56 425 70
4,872 52 819 53 744 84
287 57 908 54
471 66

o H w
f
t-l
H W I

19 2C 16 00 16 00 55 2C 16 00 16 00

370 45

42] 65 Q
85 20

28 8C 16 00 16 00

925 81

986 61

7 20 52 80

16 00 16 00 16 00 16 00

169 08 1,984 13

208 28 2,068 93

H

420 00 16 00 16 00 3,663 59 4,115 59

28 80 16 00 16 00 2 40 16 00 16 00

295 18 15 63

355 93 50 03

r-1

124 80 16 00 16 00 2,701 68 2,858 48

76 80 16 00 16 00 9,298 11 9,401 91

81 60 16 00 16 00 1,006 72 1,120 32

2 40 16 00 16 00

89 20

123 60 H

21 60 16 00 16 00

275 83

329 43

9 GO 16 00 16 00

357 80

399 40 O

24 00 . 16 00 16 00

404 96

460 96 W

386 40 16 00 16 00 7,729 16 8,147 56

H

72 00 16 00 16 00 3,858 51 3,962 51

16 00 lb 00

272 97

304 97

26 40 16 00 16 00 2,591 64 2,650 04

199 20 16 00 16 00 6,040 31 6,271 51

14 40 16 00 16 00

705 02

751 42

33 60 16 00 16 00 1,355 59 1,421 19

9 60 16 00 16 lO

38 47

80 07

2 40 16 00 16 00

136 40

170 80

36 00 16 00 16 00

228 20

296 20

52 80 16 00 16 00

61 846

703 20

2 40 16 00 16 00

34 40

State Union Mutual

Montreal, Canada.. " Indianapolis, Ind..
Worcester, Mass
" New York, N. Y

1,567,000 00 2,126,567 00
512,500 00 4,929,040 00 5,662,120 CO
934,201 00

46,020 76 78,012 60 15,470 27 164,406 54 190,212 25

11,000 00 ] 18,500 00
71,828 36 60,500 00

33,694 83

14,803 70

35,020 76 59 512 60 15,470 27 93.078 18 129,712 25
18,891 13

16 00 16 00

460 20 492 202

11

26 40 16 00 lfi 00

780 12

888 52

8

19 20 16 00 16 00

154 70

205 90

59 141 60 16 00 16 00 1,644 07 1,817 65

22

62 80 16 00 16 00 1902 12 1,986 92

2

4 80 16 00 16 00

36 80

16 00 , 16 00

336 95

368 95

$ 171,133,881 24 $ 5, 980,233 56 $ 2,302,996 62 * 3,777,998 37 97,762 43 957 $ 2,296 80 $ 672 00 :{672 00 $ 59,802 33 $ 63,443 13

o o

TJ H W Otrr11
W
I
Q H 25 H W t>r1

TJ O
w H

TABLE No. 6. Showing Business done by Assessment, Life, Fire and Accident Insurance Companies in this State for the Year 1904.

NAME OF COMPANY

STATE.

Atlanta, Ga

Atlanta, Ga Augusta, Ga

Fanners' Co-operative Fire

Atlanta, Ga

Atlanta, Ga Baltimore, Md Elberton, Ga

Laborers' Life and Industrial Assoeiat'n Buena Vista, Ga Monroe, Ga
Metropolitan Mutual Benefit Mutual Life and Wage Guaranty

Mutual Fire Indemnity Association

Augusta, Ga

Southern Mutual Life Association

Atlanta, Ga

U. S. Co-operative and Industrial AFS'II Atlanta, for 1903

O

Amount of
Insurance in Premiums. Force.

Losses Paid.

Premiums

in excess of Losses.

Loss. 2 &

a
O a 3

Sa

r* CD

US

Tax. Total.

o o

CO

hj

* 279,034 0C .$ 5,204 69 8

150 00 8 4,854 69 S

168,160 00 73,994 52
48,451 00 456,170 00 1,703,800 00

13,275 94 323 45
5,545 25 59 23
37,433 75

3,766 03
1,230 22 1,800 00

9,509 91 323 45
4,315 0 59 23
85,681 75

H

$ 16 00 8 16 08 8 50 04 2 4 80 16 00 16 00

o W
36 80

16 00 16 OO

16 00 Hi 00

132 75

164 75

f

2 4 80 16 00 16 00

3 24

40 04 H

16 00 16 00 10 24 00 16 00 16 00

55 45

32 00 111 45

W I

16 00 16 00

38 92

70 92 Q

15 36 00 16 00 16 00 374 33 442 38

473,360 00 161,875 00

2.3U6 80 1,798 85

2,687 00 125 00

2

320 20

1,068 85

11

4 80 26 40

16 00 16 00 16 00 10 00

16 00 16 00 16 00 16 00

17 93

36 80
32 00 H 76 33 W
32 00

'""ssbiiioo'ob ""ii'.ir.i'm

545 00

2,521 50

1,818,920 00 203,998 75

295 65

295 65

368,425 00

8,082 35

""$25494
68,746 60 5 50
1,035 '.6

""ifiii'w 2,521 50 135,252 15
29o 15 7,047 09

30,366 80 146 050 00

34,702 05 1,809 11

31 702 05

i'12 42

1,476 69

""'? '""ie'S

16 00 16 00

16 00 10 00

137 80

32 00 186 60

f

16 00 16 00

25 21

57 21

30 72 00 16 00 16 00 2,039 98 2,143 98

16 00 16 00 31 74 40

2 96 80 82

34 96 155 22

w

6 14 40 16 00 16 00 16 00 16 00
16 00 10 00

347 02

46 40 32 00 418 62

i-d
O W

1 2 40 16 00 16 00

18 69

53 09 i-3

1,850,199 00 1,243,000 00

17,698 r,n 40,258 20

1,101 00 11,825 00

16,597 50 28,433 50

16 00 16 00
18 31 20 16 00 16 (0 4 9 60 16 00 19 00

177 00 -.02 58

32 00 240 20 444 18

5 12 00 16 00 16 00

4 9 60 16 00 16 00

I 9 158,245 97 if 389,00s 97 t 99,118 97 8 290 210 20' 320 20 154 8 369 60 8 432 00 S 432 00 t 4,016 12|t 5,279 72

TABLE NO. 7. Showing Business Done by Accident, Marine, Surety and Plate Glass Insurance Companies in this State for the Year
1904.

NAME OF COMPANY.

STATB.

Amount of Insurance Premiums in Force.

Losses Paid.

Premiums in excess LOSS. o{ Losses.

o
< S

boa TAX. Total. CO

Q O

02

K

iEtna Accident

Co Hartford, Conn..,.

/Etna Indemnity American Surety American Bonding

" Hartford. Conn... " New York, N. Y... " Baltimore, Md. ...

City Trust, Safe and Deposit Employers Liabilitiy

"'

Philadelphia, Pa. London, Eneland..

Fidelity and Casualty

" New York, N. Y...,

Fidelity and Deposit

" Baltimore, Md

General Accident

'* Perth, Scotland..

Great Eastern Casualty

" New York. N. Y..

Guarantee Company ot N. A Hartford Steam Boiler Lloyds Plate Glass

" Mc ntrtal Canada.. " Hartford, Conn... " New York. N. Y...

London Guarantee and Accident " London, England

Maryland Casualty

" Baltimore, Md...

Metropolitan Plate Glass National Surety

" New York. N. Y... " New York, N. Y....

New York Plate Glass

" New York, N. Y

North American Accident Ocean Accident

' " Chicago, III '.'. >' London, England.

Pennsylvania Casualty Pacific Surety

" Scranton, Pa " San Francisco, Cal

Preferred Accident

" New York,N. Y.

Standard Life and Accident.....! " Detroit, Mich...

Thames and Mersey Marine Title Guaranty

" England " Scranton, Pa...

U. S. Casualty

' New York, N. Y

TJ. S. Fidelity and Guaranty.'.'.'.'. " Baltimore, Md

U. 8. Health and Accident

" Saginaw, Mich --

Travelers Accident

" Hartford, Conn

Union Casualty and Surety

" St. Louis, Mo....

London Guarantee and Accident. " Tax of 1903

10,893,700 00 2 053,578 00 5,474,251 00 3,907,556 17
393,397 44 3.991,725 00 13,727,175 00 3,187.340 00 1,062,250 00 2,387,750 00 2,0o2,160 00
52,183 35 1.910,500 00 7,219,391 00
106,831 00 3,120,157 00
43.296 00 1,107,750 00 3,243,421 18
83,000 00 74,127 00 5,012,675 00 2,023,100 00 943.273 00 218,520 00 19,122,000 00 7,267,834 52 175,000 00

5(5,951 36 7.649 51 15,685 20 17,208 25 1,144 13 11,623 58 55,914 64 18,97!) 01
1,167 75 7,511 78 20,307 53 1,543 78 10,009 99 43,093 39 2 670 74 10,876 64 1,121 44 4.223 54 35.559 98 2,225 99 1,765 32 14,970 50 14,518 28 2,613 20 1,110 90 83,904 89 27,921 96 1,616 05 73,868 44 3,160 50

27,497 95 119 16
4,740 20 27,008 04
50 00 8,262 69 29,158 13
192 60
244 50 7,512 16
172 76 320 38 3.810 15 21,853 48 817 26 470 14 156 52 3,944 67 15,937 02 2 129 10 546 54 0,036 77 16,153 68 1,498 51
21,744 96 6,496 72 651 00 32,047 02 4,362 68

29,453 41 7,530 38
10,915 00 % 9,799 79
1,094 13 3,360 89 26,756 51 18,786 41

923 25
20,134 77 1,223 40 6,199 21,239 91 1,853 48 10,406 50 964 92 278 87 19,622 96 96 89 1,218 78 8,933 73
1,114 69 1,110 90 12,159 93 21,425 24
965 05 41,821 42

38
1,635 40 1,202 18

8 33 60 144 00 50 40

16 00 16 00 16 00

16 00 16 00 16 00

569 51 8 76 50
156 85 172 08

569 51 142 10 332 85 254 48

fee O f

9 60 16 00 16 00

11 44

53 04

14 40 16 00 16 00 72 00 16 00 16 00

116 21 559 15

162 64 663 15

SO I

21 60 2 40
4 84 00 21 60
7 20

16 00 16 00
16 00 16 00 16 00 16 00

16 00 16 00
!6 00 16 00 16 00 16 00

189 80
11 67 75 12 203 07 15 44 100 10

243 40 34 40 11 67
111 92 319 07 69 04 139 SO

Q H
fel K) fed
fe

40

16 00 16 00 430 93 503 73

36 00 16 00 16 00

26 70

94 70

19 20 16 00 16 00 2 40 16 00 16 00

108 77 11 21

159 97 45 61

fed

4

16 00 16 00

42 24

79 04 H

24 00 16 00 16 00 355 60 411 60 TJ

21 60 16 00 16 00

22 26

75 86 O

14 40 16 00 16 00

17 66

64 06 fed

16 80 16 00 16 00 149 70 198 50 H

81 60 16 00 16 00 145 18 258 78

2 40 16 00 16 0

26 13

60 53

9 60 16 00 16 00

11 10

52 70

24 00 16 00 16 00 339 05 395 05

74 40 16 00 16 00 279 22 385 62

2 40 16 00 16 00

16 16

50 56

738 68 738 68

31 61

31 61

77 96

77 96

Total

1

8100,855,541 66 508 813 32

8 269,621 2f> $12,637 75 350 $ 840 00 $ 432 00 $432 00 $ 5,088 13 $ 6,792 13

TABLE NO 8. Comparative Table Showing Comparative Business of Insurance Companies in the State for the Years 1898, 1899, 1900, 1901, 1902, 1903.

a o *t 2P ^a caxa "

~y<
So 4

1898 Fire Companies doing brokers' business 1899 lire

8

28T 901$--

461 10

105,917,945 42 2,170,800 57 1,227,318 89 2,685 8,356 20 21,715 62

30,087 42

O G g

1899 Life 1899 Co-operative Companies 1899 Accident, Surety, and Marine 1899 Fire Companies doing brokers'business

103,549,449 47 3,184,674 79 1,087,294 41 10,663,310 00 273,130 07 127,798 96 65,608,411 90 237,758 19 150,059 11

45 2,216 80 31,850 31

150 776 00 2,731 26

197 1,336 80 2,377 54

2

26 48 ..

34,067 11 3,507 26 3,714 34

H W Orr1

1900 Fire 1900 Life 1900 Co-operative

179,561 ,495 07 2,419,054 02 1,575,983 77 2,694 8,514 40 24,190 38 92,22? ,613 31 3,989,954 41 1,488,443 73 580 2,512 00 36,385 58

32,704 78 38,897 58

M SO I

7,847,605 00 276,811 01 100,074 48 152 780 80 2,768 10

3,548 90

Q

1900 Accident,Surety and Marine 1901 Fire Companies

76,015 ,608 11 260,701 94 122,829 96 195 L396 80 2,607 06 231,234 ,339 40 2,799,184 25 1,543,133 20 2,816 S,83!l 27,991 69

4,003 86 36,830 89

55

1901 Old Line Life Companies

132,654 ,379 80 4,096,642 95 1,524,301 42 739 2,989 60 40,966 36

43,955 96

SO

1901 Assessment Life Companies 1901 Accident, Plate Class, Marine and Surety Co's 1901 Fraternal Orders

4,659 699 50 106,758 ,014 37

231,899 72 329,627 19

51,478 98 150,316 41

127 848 80 2,334 58 200 1,312 00 3,296 25

3,183 38 4,608 25

>
V w

1902 Fire

234,719,433 69 3,002,653 49 1,379,395 44 2,515 ,860 80 30,007 81

39,692 61

W

1902 Old Line Life 1902 Assessment Life

140,409,404 72 4,799,931 23 1,843,778 09 744 3,065 60 48,057 48 4,848,391 00 275,400 53 54,375 95 99 653 60 2,754 00

51,123 08 3,407 60

o!"0

1902 Accident, Plate Glass, Marine and Surety Co's 101,564,929 45 382,844 05 203,605 77 244 1,513 60 3,828 40

5,342 00

S3

1902 Fraternal Orders

"MOV"'00

H

1902 Agent's tax receipted for as fees by mistake ...

30-69

1902 Overpayment of fees

-ee

1903 Fire

225,048,844 32 3,241,995 28 1,431,332 91

8,728 00 32,817 29 41,543 29

1903 Life

142,672,751 34 5,298,816 17 1,758,747 09 739 3,117 60 53,045 59

56,163 19

1903 Co-operative

5,903,650 15 303,421 89 68,363 02 163 1,095 20 3,034 20

4,129 40

1903 Accident, Surety and Marine.

99,933,279 56 395,082 45 201,170 42 312 1,740 80 4,453 24

5,458 57

1903 Fraternal Orders

-480 60 >.

19041 Fire

280,530,212 26 3,535,767 42 1,336,233 95 3,306 9,919 60 35,357 67

45,287 20

1904 Life 1904 Co-operative 1904 Accident, Surety and Marine. 1904 Fraternal Orders
Less overpayment

171,133,881 24 5,980,233 56 2,302,996 62 9,158,245 97 389,008 97 99,118 97
100,855,541 66 508,813 32 243,934 79

957 3,640 80 59,802 33 154 1,233 GO 4,046 12 350 1,704 00 5,088 13
--110 0ft .80

63,443 13 5,279 72 6,792 13

Q
O s
hi
Hwot-1 f w
Q
f
Go
W H
o w
H

" >-
H^HMl ^^^B

, ^J^BVr!.4*; '<

INDEX.

^ETNA INSURANCE COMPANY, HARTFORD,

CONN.-- Statement of

I7_I9

.ETNA LIFE INSURANCE COMPANY OF HART-

FORD, CONN.-- Statement of

181-185

.ETNA INDEMNITY COMPANY OF CONNECT-

ICUT-- Statement of

39^393

AGRICULTURAL FIRE INSURANCE COMPANY

OF WATERTOWN, N. Y--

Statement of

20-22

AMERICAN CENTRAL FIRE INSURANCE COM-

PANY, ST. LOUIS, MO.-- Statement of

23_25

AMERICAN ASSURANCE ASSOCIATION--

Statement of

33-304

AMERICAN BONDING COMPANY OF BALTI-

MORE, MD.-- Statement of

397~399

AMERICAN FIRE INSURANCE COMPANY, AT-

LANTA, GA.--

Statement of

3

AMERICAN SURETY COMPANY OF NEW

YORK--
Statement of

394~397

ATHENS MUTUAL FIRE INSURANCE COMPA-

NY OF ATHENS, GA.--

^

Statement of

" '3 "3

ATLANTA-BIRMINGHAM FIRE INSURANCE

* COMPANY OF BIRMINGHAM, ALA.--

Statement of

; '"'

ATLANTA HOME FIRE INSURANCE COMPANY

OF ATLANTA, GA.--

Statement of

',LL'\"A^

ATLAS ASSURANCE COMPANY (LIMITED) OF

LONDON.--



Statement of

494

INDEX.

BRITISH AMERICAN ASSURANCE COMPANY

OF TORONTO.--

Statement of

33-35

CALEDONIAN FIRE INSURANCE COMPANY, EDINBURGH, SCOTLAND--

Statement of

35~37

CITIZENS FIRE INSURANCE COMPANY OF

MISSOURI-- Statement of

37_4

CITY TRUST SAFE DEPOSIT AND SURETY

COMPANY OF PHILADELPHIA--

Statement of

400-402

COMMERCIAL UNION ASSURANCE COMPANY

(LIMITED), OF LONDON, ENGLAND--

Statement of

40-43

COMMONWEALTH INSURANCE COMPANY,

ATLANTA, GA.--

Statement of

364

CONNECTICUT FIRE INSURANCE COMPANY--

Statement of

46-49

CONNECTICUT MUTUAL LIFE INSURANCE

COMPANY OF HARTFORD, CONN.--

Statement of

186-189

CONTINENTAL AID ASSOCIATION OF ATLAN-

TA, GA.--

Statement of

364-366

CONTINENTAL FIRE INSURANCE COMPANY

OF NEW YORK, N. Y.--

Statement of

43-46

COTTON MILL MUTUAL FIRE INSURANCE

COMPANY OF AUGUSTA, GA.--

Statement of

366-367

EMPIRE INDUSTRIAL INSURANCE ASSOCIA-

TION OF ATLANTA, GA.--

Statement of

370

EMPIRE MUTUAL ANNUITY AND LIFE INSUR-

ANCE COMPANY--

Statement of

368-370

EOUITABLE LIFE ASSURANCE SOCIETY OF

THE UNITED STATES, NEW YORK,

N. Y.--

Statement of

190-194

, egmmwfir'i " ,'V'* ' >'

INDEX.

495

FARMERS' CO-OPERATIVE FIRE INSURANCE

COMPANY OF GEORGIA. GRIFFIN, GA.--

Statement of

370-371

FIDELITY MUTUAL LIFE INSURANCE COM-

PANY OF PHILADELPHIA, PA.--

Statement of

194-199

FIDELITY AND CASUALTY COMPANY OF NEW

YORK--

Statement of

406-411

FIDELITY AND DEPOSIT COMPANY OF MARY-

LAND--

Statement of

412-414

FIRE ASSOCIATION OF PHILADELPHIA-- Statement of

49"5l

FIREMAN'S FUND FIRE INSURANCE COMPANY OF SAN FRANCISCO, CALIFOR-

NIA-- Statement of

52"55

FRANKLIN LIFE INSURANCE COMPANY OF

ILLINOIS-- Statement of

^99~23

GENERAL ACCIDENT ASSURANCE CORPORATION, LTD., OF GREAT BRITAIN--

Statement of

414-416

GEORGIA CO-OPERATIVE FIRE ASSOCIATION

OF AUGUSTA, GA.--

Statement of

i?1'^?)

GEORGIA HOME FIRE INSURANCE COMPANY,

COLUMBUS, GA.-- Statement of

55~57

GEORGIA INDUSTRIAL INSURANCE COMPA-

NY, OF ATLANTA, GA.--

Statement of

373'374

GERMAN ALLIANCE FIRE INSURANCE COM-

PANY OF NEW YORK--

Statement of

6l'62

GERMAN-AMERICAN FIRE INSURANCE COM-

PANY OF NEW YORK-- Statement of

63"65

GERMAN FIRE INSURANCE COMPANY OF

FREEPORT, ILL.-- Statement of

5-0

496

INDEX.

GERMAN FIRE INSURANCE COMPANY OF

NEW YORK, N. Y.--

Statement of

66-68

GERMANIA LIFE INSURANCE COMPANY OF

NEW YORK--

Statement of

203-207

GLENS FALLS FIRE INSURANCE COMPANY

^ OF GLENS FALLS. N. Y.--

Statement of

69-71

GLOBE CO-OPERATIVE FIRE INSURANCE

COMPANY, OF ATLANTA, GA.--

Statement of

374

GREAT EASTERN CASUALTY AND INDEMNI-

TY COMPANY OF NEW YORK--

Statement of

417-419

GREENWICH INSURANCE COMPANY OF NEW

YORK--

Statement of

71-74

GUARANTEE COMPANY OF NORTH AMERICA--

Statement of

419-422

HAMBURG-BREMEN FIRE INSURANCE COM-

PANY OF HAMBURG, GERMANY--

Statement of

74~76

HANOVER FIRE INSURANCE COMPANY OF NEW YORK--

Statement of

76-78

HARTFORD FIRE INSURANCE COMPANY OF

HARTFORD, CONN.--

Statement of

79-8i

HARTFORD LIFE INSURANCE COMPANY OF

HARTFORD, CONN.--

Statement of

207-211

HARTFORD STEAM BOILER INSPECTION AND

INSURANCE COMPANY--

Statement of

422-424

HOME FRIENDLY SOCIETY, BALTIMORE, MD.--

Statement of

375~376

HOME INSURANCE COMPANY OF NEW YORK--

Statement of

81-84

HOME LIFE INSURANCE COMPANY, NEW

YORK, N. Y.--

Statement of

212-216

INliEX.

497

ILLINOIS LIFE INSURANCE COMPANY OF

CHICAGO, ILL.--

Statement of

<

216-221

INDUSTRIAL LIFE INSURANCE ASSOCIATION

OF GEORGIA-- Statement of



377

INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY OF ATLANTA, GA.--

Statement of

378-370

INSURANCE COMPANY OF NORTH AMERICA,

OF PHILADELPHIA, PA.--

Statement of

84-88

LABORERS' LIFE INSURANCE AND INDUSTRIAL AID ASSOCIATION, BUENA VISTA,

GA.--

Statement of

38o

LAW UNION AND CROWN FIRE INSURANCE

COMPANY OF LONDON--

Statement of

88-90

LIFE INSURANCE COMPANY OF VIRGINIA--

Statement'of

221-224

I IVERPOOL AND LONDON AND GLOBE FIRE

INSURANCE COMPANY OF ENGLAND--

Statement of

992

LLOYD'S PLATE GLASS INSURANCE COMPA-

NY OF NEW YORK-- Statement of

^27^29

] IVERPOOL AND LONDON AND GLOBE IN-

' SURANCE COMPANY OF NEW YORK-

Statement of

93"95

I ONDON ASSURANCE CORPORATION, LON-

DON, ENGLAND--

Statement of

9o"97

I ONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL, ENG-

Sc taLteAmNeD nt-off

9* 8-100

1 ONDON GUARANTEE AND ACCIDENT COM-

PANY LTD.-

Statement of

' Ao

I OYAL PROTECTIVE ASSOCIATION OF BOS-

TON, MASS.Statement of

8 g2


498

INDEX.

MANCHESTER ASSURANCE COMPANY OE ENGLAND--

Statement of

100-10^

MANHATTAN LIFE INSURANCE COMPANY

NEW YORK, N. Y--

Statement of

22^.-220

MARYLAND CASUALTY COMPANY-- Statement of

_ A 20-422

MARYLAND LIFE INSURANCE COMPANY

^ BALTIMORE, MD.-

Statement of

OOQ-OTT

MASSACHUSETTS MUTUAL LIFE INSURANCE""

COMPANY OF SPRINGFIELD, MASS.--

Statement of

T,T,-227

MERCANTILE FIRE INSURANCE COMPANY

OF PROVIDENCE. R. I.--

Statement of

IO?-IO4

MERCHANTS MUTUAL FIRE INSURANCE COM-

PANY, OF MONROE, GA.--

Statement of

^84-^8"

METROPOLITAN LIFE INSURANCE COMPANY

^ OF NEW YORK--

Statement of

27.8-24.2

METROPOLITAN PLATE GLASS INSURANCE

COMPANY OF NEW YORK--

Statement of

4-,4-4^6

MICHIGAN MUTUAL LIFE INSURANCE COM-'

^ PANY OF DETROIT. MICH.--

Statement of

24,,3~~204./-

MILWAUKEE MECHANICS' FIRE INSURANCE

COMPANY OF MILWAUKEE, WIS.--

Statement of

ICK-I07

MISSOURI STATE LIFE INSURANCE COM-

PANY OF ST. LOUIS, MO--

Statement of

247-2qo

MUTUAL BENEFIT LIFE INSURANCE COM-

^ PANY OF NEW JERSEY--

Statement of

,-T OP,r

MUTUAL FIRE INDEMNITY INSURANCE AS-

SOCIATION OF AUGUSTA, GA.--

Statement of

i8?-^8^

INDEX.

499

MUTUAL FIRE INDEMNITY ASSOCIATION OF

AUGUSTA, GA.--

Statement of

386

MUTUAL LIFE INDUSTRIAL ASSOCIATION OF

GEORGIA, ATHENS. GA.--

Statement of

383-384

MUTUAL LIFE INSURANCE COMPANY OF

ILLINOIS--

Statement of

. 264-267

MUTUAL LIFE INSURANCE COMPANY OF

NEW YORK--

Statement of

255-259

MUTUAL RESERVE LIFE INSURANCE COM-

PANY OF NEW YORK, N. Y.--

Statement of

259-263

NATIONAL FIRE INSURANCE COMPANY OF *

HARTFORD. CONN.--

Statement of

110-112

NATIONAL LIFE INSURANCE COMPANY OF

THE UNITED STATES OF AMERICA--

Statement of

267-271

NATIONAL LIFE INSURANCE COMPANY OF

VERMONT--

Statement of

271-275

NATIONAL SURETY COMPANY OF NEW

YORK-- Statement of

436~439

NATIONAL UNION FIRE INSURANCE COM-

PANY OF PITTSBURG, PA.--

Statement of

112-115

NEW ENGLAND MUTUAL LIFE INSURANCE

COMPANY, BOSTON, MASS.--

Statement of

276-280

NEW HAMPSHIRE FIRE INSURANCE COM-

PANY OF MANCHESTER, N. H.--

Statement of

lo7'1 IO

NEW YORK LIFE INSURANCE COMPANY,

NEW YORK, N. Y.-- Statement of

280-284

NEW YORK PLATE GLASS INSURANCE COM-

PANY--

Statement of

439"4U

500

INDEX.

NIAGARA FIRE INSURANCE COMPANY OF

NEW YORK--

Statement of

115-118

NORTH AMERICAN INSURANCE COMPANY

OF ILLINOIS--

Statement of

442-444

NORTH BRITISH AND MERCANTILE FIRE IN-

SURANCE COMPANY OF LONDON AND

EDINBURGH--

Statement of

122-124

NORTH GERMAN FIRE INSURANCE COMPANY

OF NEW YORK--

Statement of

118-119

NORTHWESTERN MUTUAL LIFE INSURANCE

COMPANY OF MILWAUKEE, WIS.--

Statement of

285-289

NORWICH UNION FIRE INSURANCE SOCIETY OF ENGLAND--

Statement of

120-122

ORIENT FIRE INSURANCE COMPANY OF

HARTFORD, CONN.--

Statement of.

128-130

PACIFIC MUTUAL LIFE INSURANCE COM-

^ PANY OF CALIFORNIA--

Statement of

289-293

PACIFIC SURETY COMPANY OF CALIFORNIA--

Statement of

448-450

PALATINE INSURANCE COMPANY (LIM-

^ ITED), OF LONDON, ENGLAND--

Statement of

131-133

PENN MUTUAL LIFE INSURANCE COMPANY *

OF PHILADELPHIA, PA.--

Statement of

294-298

PENNSYLVANIA FIRE INSURANCE COMPANY '

^ OF PHILADELPHIA, PA.--

Statement of

133-13:;

PHENIX FIRE INSURANCE COMPANY OF "

BROOKLYN, N. Y.--

Statement of

138-141

PHOENIX FIRE INSURANCE COMPANY OF HARTFORD, CONN.--

Statement of

141-143

INDEX.

501

PHOENIX MUTUAL LIFE INSURANCE COM-

PANY OF HARTFORD, CONN.--

Statement of

299"33

PROVIDENT SAVINGS LIFE ASSURANCE SO-

CIETY OF NEW YORK--

Statement of

33-37

PRUDENTIAL INSURANCE COMPANY OF

AMERICA--

Statement of

-308-313

QUEEN INSURANCE COMPANY OF AMERICA

OF NEW YORK, N. Y.--

Statement of

144-146

RELIANCE LIFE INSURANCE COMPANY OF

PITTSBURGH, PA.--

Statement of

3I3_3I5

ROCHESTER GERMAN FIRE INSURANCE COM-

PANY OF ROCHESTER, N. Y.--

Statement of

I47-H9

ROYAL UNION MUTUAL LIFE INSURANCE

COMPANY OF IOWA-- Statement of

3I5-3I9

ST. PAUL FIRE AND MARINE INSURANCE COMPANY OF ST. PAUL, MINN--

Statement of

159-162

SCOTTISH UNION AND NATIONAL FIRE INSURANCE COMPANY OF EDINBURGH,

SCOTLAND-- Statement of

I52"I55

SECURITY MUTUAL LIFE INSURANCE COM-

PANY OF BINGHAMTON, N. Y.-- Statement of

3^>'323

SECURITY TRUST AND LIFE INSURANCE

COMPANY, PHILADELPHIA, PA.--

Statement of

324"327

SOUTH ATLANTIC LIFE INSURANCE COM-

PANY OF RICHMOND, VA.-- Statement of

32^-33l

SOUTHERN MUTUAL FIRE INSURANCE COM-

PANY OF ATHENS, GA.-- Statement of

I5S-I56

SOUTHERN MUTUAL LIFE INSURANCE ASSO-

CIATION-- Statement of

QQ
37"3

-r~r

502

INDEX.

SPRINGFIELD FIRE AND MARINE INSUR-

ANCE COMPANY OF SPRINGFIELD

MASS.--

'

Statement of

T .,,_

STANDARD LIFE AND ACCIDENT INSURANCE

COMPANY OF MICHIGAN--

Statement of

457-460

STATE MUTUAL LIFE AND ANNUITY ASSOCIATION--

Statement of

^88-^00

STATE LIFE INSURANCE COMPANY OF IN- i ' DIANA--

Statement of

Wl-viA

STATE MUTUAL LIFE ASSURANCE COMPANY

^ OF MASSACHUSETTS--

Statement of

3,3,;-r3.3,,9,-,

SUN FIRE INSURANCE COMPANY OF NEW

ORLEANS, LA.--

Statement of

I6~-I67

SUN LIFE ASSURANCE COMPANY OF CANADA--

Statement of

^Q-34"?

THE OCEAN ACCIDENT AND GUARANTEE

CORPORATION (LTD.), OF LONDON. ENG--

Statement of

444-448

THE PENNSYLVANIA CASUALTY COMPANY--

Statement of

451-454

THE PREFERRED ACCIDENT INSURANCE

^ COMPANY OF NEW YORK--

Statement of.'

4-4-41:6

THE TITLE GUARANTEE AND TRUST COM-

PANY OF SCR ANTON. PA.--

Statement of

462-464

TRADERS' INSURANCE COMPANY OF CHI-

CAGO, ILL.--

Statement of

167-170

TRAVELERS' LIFE INSURANCE COMPANY OF

CONNECTICUT--

Statement of

344-347

INDEX. "

503

TRAVELERS' INSURANCE COMPANY OF CON-

NECTICUT--

Statement of:

465-467

UNION ASSURANCE SOCIETY OF LONDON ENGLAND--

Statement of

_ 170-172

UNION CENTRAL LIFE INSURANCE COM-

^ PANY OF CINCINNATI, OHIO--

Statement of

, t\ _ ^48-^^2

UNION MUTUAL LIFE INSURANCE COMPANY

OF PORTLAND, MAINE-- Statement of

3,5*3* 305~/~

UNITED STATES BRANCH OF THE EMPLOY-

ERS' LIABILITY ASSURANCE CORPORA-

TION, LTD., OF GREAT BRITAIN--

Statement of

402-406

UNITED STATES BRANCH NORTHERN AS-

SURANCE COMPANY OF LONDON, ENGLAND--

Statement of

1215-127

U. S. BRANCH OF THE PHOENIX ASSURANCE

^ COMPANY (LIMITED) OF LONDON--

Statement of

x35-i38

U. S. BRANCH OF THE ROYAL FIRE INSUR-

ANCE COMPANY OF LIVERPOOL, ENGLAND--

Statement of

149-152

U. S. BRANCH SUN INSURANCE OFFICE OF

LONDON, ENGLAND--

Statement of

162-164

UNITED STATES BRANCH OF THE THAMES

AND MERSEY MARINE INSURANCE

COMPANY (LTD.), OF LIVERPOOL,

ENG.--

Statement of

460-462

UNITED STATES HEALTH AND ACCIDENT IN-

^ SURANCE COMPANY OF MICHIGAN--

Statement of

475-477

UNITED STATES CASUALTY COMPANY OF

NEW YORK--

Statement of

467-471

04

INDEX.

UNITED STATES FIDELITY AND GUARANTY

COMPANY OF MARYLAND--

Statement of

.-.

47l~474

UNION MUTUAL ASSOCIATION OF ATLANTA,

GA.--

Statement of

39

WASHINGTON LIFE INSURANCE COMPANY,

NEW YORK, N. Y.-- Statement of

357"36

WESTCHESTER FIRE INSURANCE COMPANY

OF NEW YORK-- Statement of

I75"I78

WESTERN ASSURANCE COMPANY OF TO-

RONTO, CANADA-- Statement of

I73'l75

WILLIAMSBURGH CITY FIRE INSURANCE

COMPANY OF BROOKLYN, N. Y.--

Statement of

178-180

HJj^^HH^HHHH^HHI^BHHHHBVi^^"

'

z

UNNEBSITJ.
IWJ-oft

i, LIBHABIES
Q54E4 E7&2

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