^WMIWWHWI i 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,2162 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 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 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 3,6431 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 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 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 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 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 $45,287 20 > f GC Ed H TJ O Ed 1-3 00 TABLE No. 5. Showing Business of Old Line Life Insurance Companies in this State for the Year 1904. -w NAME OF COMPANY. STATE. Amount of Insurance in Premiums. Force. Losses Paid. Premiums in Excess of Losses. Loss. Z 3 be 3 a 01 taosS abcSfi Tax. 3S rH | ^,02 lir1 TJ O w H TABLE No. 6. Showing Business done by Assessment, Life, Fire and Accident Insurance Companies in this State for the Year 1904. NAME OF COMPANY STATE. Atlanta, Ga Atlanta, Ga Augusta, Ga Fanners' Co-operative Fire Atlanta, Ga Atlanta, Ga Baltimore, Md Elberton, Ga Laborers' Life and Industrial Assoeiat'n Buena Vista, Ga Monroe, Ga Metropolitan Mutual Benefit Mutual Life and Wage Guaranty Mutual Fire Indemnity Association Augusta, Ga Southern Mutual Life Association Atlanta, Ga U. S. Co-operative and Industrial AFS'II Atlanta, for 1903 O Amount of Insurance in Premiums. Force. Losses Paid. Premiums in excess of Losses. Loss. 2 & a O a 3 Sa r* CD US Tax. Total. o o CO hj * 279,034 0C .$ 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 i !i I *'.'* -