THE LIBRARY OF THE UNIVERSITY OF GEORGIAssMssss f REPORT Insurance Department COMPTROLLERGENERALS OFFICE Year Ending December 31 1905 Atlanta Ga Geo W Harrison State Printer The Franklin Printing and Publishing Company 1906Shbws MAY 2645 SSSSSSSREPORT Atlanta Ga December 31 1905 To His Excellency J M Terrell Governor Sir In compliance with law I have the honor to submit the annual report of this department for the year 1905 Wm A Wright ComptrollerGeneral and Insurance Commissioner COMPTROLLERGENERALS REPORT V The following Fire and Life Insurance Companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1905 FIRE INSURANCE COMPANIES American Central Fire 415 Locust St St Louis Mo American Fire Insurance Co Newark N J Agricultural Fire Watertown New York Etna Fire Hartford Conn Atlas Assurance Co London Atlanta and Birmingham Atlanta Home Atlanta Ga Boston Insurance Co 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 Eagle Fire New York Fire Association of Philadelphia 34 Fifth Street Philadelphia Pa Firemans Fund San Francisco Cal Georgia Home Columbus Ga German Alliance New York German Freeport 111 GermanAmerican 115 Broadway New York Germania Fire 117 Broadway New York Glens Falls Fire 149 Glen Street Glens Falls New York HamburgBremen U S B 62 Cedar Street New York Hanover Fire 40 Nassau Street New York Hartford Fire 53 Trumbull Street Hartford Conn Home 119 Broadway New York 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 B45 William Street New York Liverpool and London and Globe New York London Assurance U S B 8 Wall Street New York London and Lancashire U S B 46 Pine Street New York Lumber Mutual Fire Boston Mass 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 Mercantila U S B 54 William Street New York Northern Assurance 25 Pine Street New York North River Insurance Co 84 William Street New York S9 4 VI COMPTROLLERGENERALS REPORT Orient Insurance Company Hartford Conn Palatine U S B 2L Nassau Street New York Pennsylvania Fire 510 Walnut Street Philadelphia Pa Phcenix Assurance of England U S Li 47 Cedar Street New York Phoenix of New York 16 Court Street Brooklyn N Y Phoenix of Connecticut 64 Pearl Street Hartford Conn Queen of America 49 Cedar Street New York Rochester German Kochester 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 LaSalle Street Chicago 111 Union Assurance Society London U S B 35 Pine Street New York Western Assurance 22 Wellington Street Toronto Canada Westchesler Fire 27 and 29 Pine Street New York Williamsburg City Fire 13 Broadway Brooklyn N Y LIFE INSURANCE COMPANIES iEtna Life Hartford Conn Citizens Life Louisville Ky Columbian National Boston Columbia Life Cincinnati Ohio 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 Interstate Life Indianapolis Ind 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 Chicago Life of 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 YorkCOMPTROLLERGENERALS REPORT VII Northwestern Mutual Life corner Broadway and Milwaukee Streets Mil waukee Wis Pacific Mutual Life San Francisco Cal Prudential Life Newark N J Penn Mutual Life 921 Chestnut Street Philadelphia Pa Phcenix Mutual Life Hartford Conn Pittsburgh Trust and Life Pittsburg Pa Provident Savings Life 55 Liberty Street New York Reliance Life Pennsylvania Reserve Loan Life Indianapolis Ind Royal Union Mutual Des Moines Iowa Security Trust Philadelphia Pa Security Mutual Life Binghamton N Y State Mutual Life and Annuity Rome Ga Sun Life Montreal Canada State Life Indianapolis ind State Mutual Life Worcester Mass Travelers Life 56 Prospect Street Hartford Conn Union Central Life 243 West Fourth Street Cincinnati Ohio Union Mutual Life Portland Me Volunteer State Life Chattanooga Tenn Washington Life 21 Courtland Street New York 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 1905 Angelus Mutual Moultrie Ga Athens Mutual Fire Insurance Company Athens Ga American Insurance Company fire Atlanta Ga American Assurance Association Atlanta Ga Atlanta Mutual Insurance Association Atlanta Ga Bankers Health and Life Macon Ga Benevolent Life and Health Augusta Ga Commonwealth Fire Insurance Company Atlanta 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 Mutual Fire Insurance Company Fort Gaines Ga Farmers Fire Insurance Company Madison Ga Farmers Cooperative Fire Association Jackson Ga Georgia Home Benevolent Athens Ga Georgia Industrial Insurance Company Atlanta Ga Great Southern Home Industrial Association Birmingham Ala Georgia Cooperative Fire Insurance Company Augusta Ga Globe Fire Insurance Company Atlanta Ga German Mutual Fire Insurance Company Savannah Ga Guaranty Aid and Relief Society Savannah Ga VIII COMPTROLLERGENERALS REPORT Home Friendly Society Baltimore Md Industrial Life Association Elberton Ga Industrial Life and Health Insurance Company Atlanta Ga Loyal Protective Association Boston Mass Metropolitan Mutual Benefit Association Atlanta Ga Mutual Aid Association Augusta Ga Mutual Benefit Life Valdosta Ga Mutual Life and Wage Guaranty Company Atlanta Ga Mutual Life and Industrial Association Athens Ga Mutual Fire Indemnity Association Augusta Ga Mutual Fire Cordele Ga Pilgrims Health and Life Augusta Ga Royal Mutual Atlanta Ga Southern Health and Accident Griffin Ga Southern Live Stock Valdosta Ga Southern Mutual Life Association Atlanta Ga State Mutual life and Annuity Association Rome Ga Sunlight Fire Atlanta Ga Sunset Life Royston Ga Union Benefit Savannah Ga Union Mutual Association Atlanta Ga United States CoOperative 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 1905 yEtna Indemnity Hartford Conn American Surety New York American Bonding and Trust Company Baltimore Md Empire State Surety Company New York Employers Liability Insurance Association 84 and 8 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 290 Broadway New York Guarantee of N A 157 St James Street Montreal Canada Hartford Steam Boiler 218 Main Street Hartford Conn Lloyds Plate Glass 68 William Street New York London Guarantee and Accident 139 LaSalle Street Chicago 111 Maryland Casualty Company Baltimore Md Metropolitan Plate Glass Company 166 Liberty Street New York National Surety Company New York N Y New7 York Plate Glass New York North American Accident 217 LaSalle Street Chicago Ocean Accident 346 Broadway New York Pennsylvania Casualty Scran ton PaCOMPTROLLERGENERALS REPORT IX 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 Acme Mutual Benefit Savannah Ga American Benevolent Association St Louis Mo American Fraternity Alexandria Va American Guild Richmond Va American Woodmen Denver Col Atlanta Benevolent Mutual Association Atlanta Ga Atlanta Benevolent and Protective Association Atlanta Ga Benevolent Knights Meridian Miss Catholic Knights of America St Louis Mo Eminent Household of Columbian Woodmen Atlanta Ga Foresters Toronto Canada Fraternal Union Denver Col Fralernal Relief Association Richmond Va Fraternal Bankers of America St Louis Mo Fraternal Censor Dayton Ohio Heptasophs Baltimore Md Home Life and Health Insurance Association Atlanta Ga Knights of Honor St Louis Mo Ladies of the Maccabees Port Huron Mich Masons Annuity Atlanta Ga Masonic Mutual Relief Association Washington D C Modern Puritans Norfolk Va Modern Workmen of the World Alexandria Va National Benevolent Society Kansas City Mo National Fraternal Union Murray Ky National Laborers Protective Union Atlanta Ga National Union Life Association Atlanta Ga National Union Toledo Ohio Pilgrims Benevolent Aid Association Augusta Ga Royal Arcanum Boston Mass Royal Benevolent Union Atlanta Ga Royal Fraternal Union St Louis Mo Royal Benefit Society Washington D C United Benevolent Society Atlanta Ga United States Protective Society St Louis Mo United Americans Atlanta Ga LIST OF NSURANCE AGENTS WHO HAVE PAID THE OCCUPATION TAX FOR THE YEAR 1905 From January 1st to October 1st of said Year A T Baker J T Dial Abbeville Wilcox County G 0 McWhirter Adairsville Bartow County Bishop McOollum Adel Berrien County W D Wells Alley Montgomery County A 0 Brantley Albany Dougherty County J S Davis Co J F Messer B A Barnes Jr W E Gamaway LEWelch C A Hunt V E Bush F 0 Tichnor Co W H Gilbert R H Warren Allapaha Berrien County Paulk Tiller Amerieus Sumter County W C Chase D W Bagley Co L M Hansford J C Roney J E Mathis F B Arthur Roney Davenport John T Argo Co J A Davenport J A Ansley Co Pickett Ansley Arlington Calhoun County J 0 McNeil J G McMillan Athens Clarke County L M Johnson S C Upson W M Norris J R Crane Co J J Wilkins R T DuBose A H Milstedd Kytle Jackson Irving Reilly I W Brown F A Lipscomb John A Darwin Chas I Mell Ilinton Gantt ILII IBRARY OGEOB VCOMPTROLLERGENERALS REPORT Thomas Walsh F W Griffin J C Cockrell J EWilheltn O H Kicklighter T C Shreve Miss Carrie Kirtley E C Merry J A Stewart S Y Tupper B L Daniel B B Hudgins G J Hanson Ross Hunter R J Guinn J C Tumlin E M Durant B E Bell E F Malone E P Chamberlain E R Wood J A Le Surer Allen Wilder J M Johnson J G Wood W G Higley F L Barber B T Palmour H H Cabaniss N T Anderson R W Rood Arthur ArringtOB F C Calkins J S Counselman 1 L RileyCo J E Beston J M Gray A II Marchant F Phinizy W II Crane Jos L Mulherin J L Armstrong W H Crane T F Harrison A L Cunningham Cohen Co AsKburn Worth County Atlanta Fulton County D J Ligon L J Hill Mrs E V Smith W H Lemmond N F Anderson W G Paschall II A Coleman Thomas E Veal C W Brumby R L Cooney G Garner B T Johnson S L Hillyer Alex Saunders R P Poindester H A Hostetter N F Jackson B L Bur well E J Clark James G West George Poindexter J C Shafer A E Shulhafer K A F Leinweber Akers Skinner Mathews Hill H G Wells C G Brown C A Rauchenburg J K Felker G L Wilcox J S Cowles J W Hauser Milton Reed E 0 Lounsberry Samuel Barnett A J Self John T Moody E C Lester F W Coleman F J Cohen L H Everhart W H Zachry C S Davis D C Morefield Robert Cook J Fuld W P Mosteller E G Roberts T R Campbell Menzo White S M Stith W E Arnold J S Russell J T Farra 0 M Ilollingsworth J H Immel W C Dreger W S Featherstone T B Wallace L Z Gordon W E Muirhead D C Camp S E Smith V J McBride Edgar Dunlap J F Pickard Geo N Barker AV A Taylor Patterson Reynolds C H Harrison N P Cox E S McOandless Augusta Richmond County F T Graham P J Cronin M B Gray Hook Pickett T H Sherman 11 0 Lorick E G Kolbfliesch Harry Canty P M Mulherin Miss E T Bellinger I T Heard A P H Mullarky Marie U Plumb W D Savage Mrs Clara R Mathewson Alexander Johnson SteinerCOMPTROLLERGENERALS REPORT J A Yarbrough E J Oostello O N Davis A L Boyle John E Reed F S Jones E T McLean 0 H Humphrey F B Jones A J Strickland J H Coachman R L Howell J H Davis J R Willis J M Jones Brooks Brooks B M Comfort J B Mosley H G Barrett Burke Co Benj A Chew F MButt Co C R Dance A M Boatwright W R Dawson P W Fleming R G Jackson Bainbridge Decatur County John E Reed T E Morgan John E Reed B M Campbell P L Mathis Bamesville Pike County E S Murphey Son J A McCrary E L Cook Barlow Jefferson County H E Smith Bishop Oconee County H C Poulain Blaekshear Pierce County Brantley Pomeroy Blakely Early County J W Vinson W Z T Bridges Blue Ridge Fannin County B C Wages J H Carter H P Mulkey Boston Thomas County J R Garson Jones Horn Brantley Feltham David Comfort Bowman Elbert County O T Lester Bremen Haralson County J J Mangham Bronwood Terrell County J F Eden Jr Broxton Coffee County H C Campbell Brunswick Glynn County C W Deming E C Butts Jas S Wright H W GaleCOMPTROLLERGENERALS REPORT B T Reese Walter Davis T B Beck O E Cox S C Latham S E Grow John T Norris Barber Knight W S Brown Buchanan Haralson County H S McOollum Buena Vista Marion Coimty George R Lowe W C Singleton Byron Houston County J E McDonald Wight Brannon Asa Brantley John B Thompson Cairo Thomas County Calhoun Gordon County A E Ramsaur Camak Warren County C J Reed Camilla Mitchell County O E Cox R L Haggard Canton Cherokee County B F Perry Carlton Madison Comity Smith Stevens Carrollton Carroll Cjunty R W Adamson J R Adamson Cartcrsville Bartozv County R C Bachelor Cedartozvn Polk County R A Adams W J Harris C M Davis Clayton Rabun County T A Duckett Clyde Bryan County Beasley Partin Claxton Tattnall County R R Teppens Cochran Pulaski County Irwin Willis Asa Branty M D Wilson COMPTROLLERGENERALS REPORT Columbus Muscogee County B H Harris Co J E Sharpe Geo R Williams J S Chambers G C Clark Crawford Garrett E T Harris W L Lott J G Carter W H Smaw C E Dixon D F Wilcox Co J M Carson M V Almand Gailey Bros R P Ketcham W C McKenzie J D Cobb S B Harwell A B Sims Robert Lee J M Stokely I R Bridges Gurry Parham G A Browning W H Pruden J W Blackman H H Hunter W W McKenzie E G Weekley J F Davis D B Jones J B Hill H W Key J G Moon L S Dimon C W Williams W L Lott R A Purser W G Hampton J H McCoy J W Dimon Young Woolfolk W A Malone E F Colzery R W Hiott C M Duck C R Medley Comer Madison County D B Kendrick Commerce Jackson County Paul T Harber Conyers Rochdale County W G Flake L F McCalla Cordele Dooly County D L Cawley B S Dunlap H W Campbell W W Crume F W Hagan W F Hall W H Gregory Cobb Bros Cornelia Habersham County Miss Eva G Erwin Covington Newton County Thompson Farmer J G Lester Crawford Oylethorpe County O N Epps Craivfordsville Taliaferro County J A Beazley Cuthbert Randolph County S L Parham E T Harris Stanford Hansell Dalton Whitfield County G C Carnes H A Callman Son J D Thomas Damascus Early County G E Jones iv mmmmmmtmmmmmmtmmmmm RMS COMPTROLLERGENERALS REPORT J A Horsley D 0 Pickett R L Saville E S Lathrop R J Horn J W Thurmond E L Tanner Tanner Tanner B H Drew John R Hester F H Ruberson B R Calhoun Leroy Pharr J OAllen B J Holt Z 0 Hayes W E Snoden H M Curry Damson Terrell County A L Short Co S A Loyless D C Pickett S A Brim Decatur DeKalb County 1 V Gregory Demorest Ilabersham County Frank Morgan Donaldsonville Decatur County Wm J Crawford R Chason Jr Douglas Coffee County Swindle Price T B Marshall Douglasville Douglas County M H Arnold Dublin Laurens County S J Lord H H Erwin E J Blackshear A W Garrett Eastman Dodge County George D Bennett J H Milner H Herrman East Point Fulton County A R Hemperly Eatonton Putnam County M B Dennis J D Watterson H L Leonard Edison Calhoun County L M Killingsworth Elberton Elbert County C II Parks Heard Bros Black II J Brewer Ellijay Gilmer County B S Holden lairbum Campbell County C E Baker C W Hudson Fayetteville Fayette County W N D DixonCOMPTROLLERGENERALS REPORT J H Harris Lon Dickey B 0 Masher Co George F Moore T McC Gamble H F Wilder McLendon King Castillo 3 A Everett Fitzgerald Irwin County E K Farmer W L Smith S G Henry M F Christian T L Nicholson Ricker Wise Flovilla Butts County Saml P Smith Forsyth Monroe County J M Fletcher D P Hill Fort Gaines Clay County R W West M M Shaw E E Kimbrough WE McKinney 1904 W B Lawson Wm B King Co Wm E Hall W M Jordan W L Pinkston R H Drake J P Nichols Y S B Gray O D Hipp W H Beck Fort Valley Houston County A D Skellie A J Owens Gainesville Hall County HATerrell W C Ham W E McKinney Co C W Crow 1905 Pillow Thompson B A Carlisle 8 P Bickers Chas E Thomas Mrs J II Hunt Gibson Glascock County Thomas E Walden Grantville Coweta County N 0 Banks Gray Jones County M 0 Green Graymont Emanuel County B H Pierson Greensboro Greene County F C Reid Greenville Merirvether County J C Anthony E M Clark D C Phillips Griffin Spalding County B W Torrance J H Smith L Anderson H B Nichols W M Thomas R H Williamson A S Durden J I BydCOMPTROLLERGENERALS REPORT William Dooly L 0 Brown A S Skelton J H Hodges John T Harvard O T Chapman D P Edwards J H 0 Quinn Haddock Jones County T R Turner Hamilton Harris County J G Whitehead Harlem Columbia County L E Blanehard A D Tobin Hartwell Hart County P F Lawshe B W Boyd J B Blackman Orin Roberts Hawkinsville Pulaski County R D Brown W T Dillard Hazlehurst Appling County N M Burton Hogansville Troup County J F Askew Irwinton Wilkinson County J G Tyler Jackson Butts County J D Thornton Je17erson Jackson County H P Mobley Jeffersonville Twiggs County Dan Hughes Jr H B Wimberly Jersey Walton County J L McGarity Jcsup Wayne County D S Price W T Spell Jonesboro Clayton County Eva Hambrick Kesler Early County W C Culpepper Kite Johnson County Claxton Claxton COMPTROLLERGENERALS REPORT W W Wisdom E B Freeman C E Miller L A Hardman L M Brand A V Ball S J Powell D H Pitts B 8 Florence J W Brown Co E T Peek J C Upshaw Geo R Di Ion E Z F Golden R R McLeod G VV Cathy LaGrange Troup County E R Bradfleld Jr H D Glanton Lavonia Franklin County A B Vickery R T Pool Lawrenceville Gwinnett County J A Smith D M Byrd J A Bagwell J M Jacobs Leary Calhoun County C L Brooks Leesburq Lee County D D Hall Lexington Oglethorpe County R C Chambers George T Brooks Lineolnton Lincoln County T C Perryman C J Perryman Locust Grove Henry County J L Combs J W Moore Logansville Walton County G M Kilgore Louisville Jefferson County W G 8 Rowe C V Clarke F G Middlebrooks WECain Luh Hall County R A Ramsey Lumpkin Stewart County W L Mardre Lyons Tattnall County J C Wilkes McDonough Henry County J B Dixon McRae Telfair County E C Ryals Max L McRae J G McDowell ML Vernon Montgomery County W Mishoe Macon Bibb County Cabaniss Coleman H G Lamar B 0 Hoge Hatcher J 9 Kerton J F Hodges Cabaniss Coleman F E Broadnax John F Hatcher K E Findlay E P Colter J T McRae W J Oliver J B Mills10 COMPTROLLERGENERALS REPORT T E Murphy B H Seay H C Harris C E Jones E B Coates J 0 Murphy H G Lamar J S Rudd W 0 Thompson Shaw Baldwin E L Withers AM Haslem 0 M Adams W J Sorrell W G Solomon John F Cone James G West Jas R Johnson is A Wise Co J M Elge H M MacPherson Jr W W Solomon F R Jones L B Herrington J Baldwin Shipp Boone Madison Morgan County C C Jones T M Douglas W B Utsey Mansfield Newton County J W Henderson Marietta Cobb County J H Groves Marshallville Macon County W P Baldwin C A Sperry Meiys Thomas County G L Dunn Meldrim Effingham Coxinty H M Geiger Metier Bulloch County L H Sewell C T Coraker E N Reynolds F A Hall C H Andrews Son W W Perkins W H Griffin T J Galloway H C Hill T M Underwood R L Murray Z H Clarke C G Ward S BKennedy Midville Burke County C W Pawers Milledgcvilh Baldwin County W L Bechune M H Bland OttoM Conn M S Bell J P Garbut L C Hall M A McCraw Misses C B C S Carrington Millcn Screven County W R Turner Parker DeLoach Monroe Walton Couniy John H Queen George A Lewis R WHaynil Cliff Walker Monicello Jasper County E E Wellington Montczuma Macon County Claude Turner John F Lewis Sons C H McKenzie C B Lewis Moultric Colquitt County M A Covington F J Bivins T H Parker F J BivinsCOMPTROLLERGENERALS REPORT 11 A F Shealey R W Milner J R Herring Mrs VV Y Atkinson J J Walker L O Freeman J M Brannon S W Walker Co J B Hollingsworth B C Holtzclaw R J Clower H L Young Nashville Berrwn County J W Powell R A Peeples Sons Newnan Coweta County F M Bryant R 0 Moore W O Arnold G E Wester B H Kirby Newborn Newton County H H Wilburn Nolan Morgan County C A Lewis Norcross Gwinnett County C A McDaniel Norwood Warren County Norman Meal Ocilla Irwin County Henderson Real Estate Co Ogleihorpe Macon County B A Trusselle Pavo Thomas County Redfearn Dixon Pelham Mitchell County D 0 Barrow W C Twitty 1 C VanWay W N Drake Perry Houston County C F Cooper J D Martin Jr Pineview Wikox County Dan R Bruce Preston Webster County F A Bush Quitman Biooks County J R Davis M A Brantley Reynolds Taylor County W R Hicks Sr Sons Richland Stewart County F A Bush Ringgold Catoosa County J C OsborneVIHHHBIHHHHHIiHHI i mtmmtmtaammmmtmmm SSiis 12 COMPTROLLERGENERALS REPORT J W Dennington M F Govan Ben C Yancey Yancey Moses W A Ward B L Bond Wallace Peacock Wooten Irwin Holt Harris J G Christian Roberta Crawford County J L Dent Rockmart Polk County R R Beasley Rockville Putnam County S R DeJarnette Rossvillc Walktr Catnty John W Head Rome Floyd County C B Goetchius Charles W King Frank W Griffin R I Shaw H B Parks Jr Benj F Montgomery Adolph Moses Royston Franklin County J F Lee Rutledge Morgan County P P Stovall Sandersvilw Washington County Mayo New J S Adams G S Grizzard R J Warrick E H OConnor J F Brooks A Walker J P Malcolm W M Coney Co C P Rosignol George W Lamar W D Bearing Jesse M Grace R M Parkinson E O Atkinson W E Lindsey S B Robison E P Wood Sasser Terrell County E J Dunn Savannah Chatham County Averett Holmes R M Hull W T Hopkins J T Brooks N J Gillespie M T Abel T B Shepard W LWilson Co T J Arline T P Saffold A H Abrahams George 8 Haines W J Wiley Senoia Coweta County H B Sasser W A Davis W T Hopkins Julian Schley C E Girardeau Co W A Reaves Fred Kolshorn F B Colding Sarah G Oalvitte D B Falk L W Wiggins H F Harrison Shulhafer Williams W L Wilson Co Sasser McCrary Shady Dale Jasper County N Liverett A C MobleyCOMPTROLLERGENERALS REPORT 13 M L Mobley W H Burnett Shivers Burnett E S Eylee E Brannen B B Sorrier J W Sanders M H Blount S G Williams Co C G Arnett C H North Lee Dees McGeehee Persons L W Smith J T Allen W T Hammond Adolph Bennett J W Grantham Shellman Randolph County F C Sears Smithville Lee County H J Wilkerson Social Circle Walton County J L Newton Sparks Berrien County T H Jarman Sparta Hancock County J M Middlebrooks J D Walker Spring Place Murray County Charles Ross Statham Jackson County H M Rylee Statesboro Bulloch County James B Lee J W Wilson L E Waters J E Brannen Summerville Chattooga County N K Bitting Srvainsboro Emanuel County George H Coleman J W Kimball D C Harris Sylvania Screven County A S Anderson W M Bryan Sylvester Worth County Pinson Holmes 1901 Pinson Holmes Talbotton Talbot County G R Edge A D Brown Temple Carroll County E L McConneil Thomaston Upson County T M Mathews E Chatfield Thomasville Thomas County C M E H Smith Hansell Merrell E M Mallette John T Parker14 COMPTROLLERGENERALS REPORT R E Neal Curtis Morris Briggs Carson J H Tharpe J N Townsend Thompson McDuffie County J S Boyd A S Clyatt C F Hunt Tifton Bcrrien County J E Peeples D L Townsend Morrow Pate Tifton Loan Ins Co H M Chamberlain R A Peeples Sons WD Peeples G L Bush Cook Clayton I L Henderson J N Roberson L H Patillo R E Lowe J R Turner J W Stephenson A S Rowland James H Miller Joseph Knox W C Harvard Toccoa Habcrsham County C L Mize Toomsboro Wilkinson County Charles B Smith Turin Coiveta County L T Moses Valdosta Lowndeg County A M Williams F W Edwards V A Lassie W E Dawson W C Willis W A Godwin Vienna Doohj County M E Rushin G L Bush Cook Clayton W M Alexander A E Jordan Wadley Jefferson County M B Smith Villa Rica Carroll County George P Braswell Warrenton Warren County L R Massengale Washington Wilkcs County R Mott Smith J L Clary J T Neeson Warthen Washington County W S Askew Watkinsville Oeonee County A S Rowland Warwick Worth County J Monroe Rouse JJaycross Ware County Lott Peaboly Deen Burnett E H Porter E B Wingfleld R 0 Barksdale T J BarksdaleCOMPTROLLERGENERALS REPORT 15 W M Fulcher C A Robbe J F MoElmurray E O Barker Phillip Lanier V S Parker Gregory Graham L S Radford L M B B Blount RL Dent W M Jordan H L Green Waynesboro Burke County C W Shevvmake N B F Close L Cohen J A Blount West Point Troup County A O Jackson T W DeLamar Whigham Decatur County T J Mills J R Williams Whitesburg Carroll County J A Kelly Winder Jackson County G H Kilgore J J Kilgore Woodbury Meriwether County B T Baker Wrens Jefferson County J S Aiken Wrightsvitte Johnson County J M Mason J W Jordan Yatesville TJpson County E F Tudor Zebulon Pike County G B Ridley 0 R Gwyn John Miller STATE AGENTS Clarence Angier Bagley Willett P H Baker R N R Bardwell Cunningham Bejrds ley Co Brown Simpson Max L Byck H H Cabaniss J 8 Cameron CraigCofleld George Collier J M Crane F M Dancy Co John F Delaney Fair Dodd Robert L Foreman Haas Daniel A Haas Hon Harty Apple W E Hawkins George M Hope T B Lumpkin H N McAfee Milledge Baxter C C McGeehee Jr M J McCord A C Newell Bros Northcutt Coggins J R Nutting Co E Oberdorfer Pearce Bros Thomas Peters Charles W Phillips John D Pickett B H Porter F L Purse Peleg Rhodes Wm S Richardson V A Pinker V L Stanton B G Suddeth W A Terrell John R Thornton F Wade Vaughn B D AVatkins WWoods White F L Woodruff Wm vvvvifeigak MM 16 COMPTROLLERGENERALS REPORT yETNA INSURANCE COMPANY HARTFORD CONN William B Clark President William H King Secretary Home Office Hartford Conn James S Middleton Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 4000000 00 Amount of ledger assets as per balance December 31 of previous year 12548353 47 Extended at 12548353 47 IIINCOME As shown by the books at home office at close of business December 311904 Marine and Fire Inland 1 Gross premiums 7401300 48 454041 99 2 Deduct reinsurance rebate abatement and return premiums 1942915 29 127069 93 3 Total premiums other than perpetuate 5458385 19 327572 06 5785957 25 4 Deposit premiums written on perpetual risks gross 4956 42 5 Interest on mortgage loans 636 00 7 Interest on bonds and dividends on stocks 582672 96 10 Total interest and rents 11 Profit on sale or maturity of ledger assets 12 From all other sources viz Profit and loss items 5S3308 96 1480 56 282 41 13 Total income 0375985 60 IIIDISBURSEMENTS As shown by the books at home office at close of business December 311904 Fire Maine and Inland 1 Gross amount paid for losses including 538 43385 occurring in pre vious years 416S356 74 2727S9 81 2 Deduct amount received for salvage 4164262 and for reinsurance in other companies S2S 53440 809907 67 60269 35 3 Net amount paid for losses 3358449 07 212520 46 3570969 53 4 Deposit premiums returned 3213 67 5 Paid stockholders for interest or dividends amount de clared during the year including taxes 672000 00COMPTROLLERGENERALS REPORT 17 8 Commissions or brokerage 975997 81 9 Salaries fees ana all other charges of officers 49041 44 clerks 8045195 agents and other employees 22486265 354356 04 11 Repairs and expenses other than taxes on real estate 1674 advertising printing and stationery 43004 48 legal expenses 729085 furniture and fixtures 84578 miscellaneous 31557711 366885 68 13 All other taxes licenses and insurance department fees 1815178 municipal licenses 829728 tax on fran chise 57097 tax on premiums 10877234 135792 37 14 Loss on sale or maturity of ledger assets 95948 24 15 All other disbursements viz Agents uncollectible bal anees and sundry profit and loss items 18378 70 16 Total disbursements 6193542 04 IVLEDGEB ASSETS 1 Book value of real estate unihcumberedf 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 762073651 and stocks 357254202 5 Cash in companys office 200210 de posited in bank 99666420 6 Agents balances representing business written subsequent to October 1 1904 7 Agents balances representing business written prior to October 1 1904 424751 09 12600 00 11193279 13 998666 30 81324 86 20175 65 11 Total net ledger assetg 12730797 03 XONLEUGER ASSETS 12 Interest due and accrued on mortgages 15 Interest due and accrued on other assets 192 66 563 16 17 Total 18 Market value of real estate over book value 19 Market value of bonds and stocks over book value 20 Other nonledger assets viz Gross premiums in course of transmission December 31 subsequent to October 1 21 Gross assets 755 82 248 91 2399S04 73 702624 14 15834230 63 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 20175 65 9 Total admitted assets 2 in 15814054 98HHHnBBHHi MM 18 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 68048 90 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 556606 38 3 Gross claims for losses resisted 29378 50 4 Total 654033 78 5 Deduct reinsurance due or accrued 89491 15 6 Net amount of unpaid losses and claims 564542 63 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual fire risks 350494810 unearned premiums fif ty per cent 1752474 05 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 485672916 unearned premiums pro rata 2565807 60 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 20785717 unearned premiums fifty per cent 103928 59 12 Total unearned premiums as computed above carried out 4422210 24 13 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received 84725 80 20 Commissions brokerage and other charges due or to be come due to agents and brokers 71805 69 21 Return premiums 10539361 reinsurance premiums 11852592 223919 53 24 Total amount of all liabilities except capital 5367203 89 25 Capital actually paid up in cash 4000000 00 26 Surplus over all liabilities 6446851 09 27 Surplus as regards policyholders 10446851 09 28 Total liabilities 15814054 98COMPTROLLERGENERALS REPORT 19 Business in the State of Georgia during the year Mirine and Fire Inland Tornado Aggregate Gross risks written 12206823 00 445302 00 957527 00 13609652 00 Gross premiums re ceived 205413 44 3722 03 8859 33 217994 80 Losses paid 83015 95 3 65 83019 60 Losses incurred 84108 70 3 65 84112 35 Amount at risk 9957813 00 18500 00 1337410 00 11313723 00 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN NEW YORK W H Stevens President J G Adams Secretary Principal Office 23 Washington St Watertown N Y Cliff C Hatcher Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 500000 00 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 309945 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 532734 43 3 Interest due on all said bond and mortgage loans 2346 90 interest accrued thereon 793752 total 10284 42 4 Value of lands mortgaged exclusive of buildings and perishable improvements 629413 00 5 Value of buildings mortgaged insured 44147500 as collateral 483399 00 6 Total value of said mortgaged premises carried inside 1112812 00 9 Total par and market value of stocks and bonds owned absolutely by the company 1029372 25 11 Total amount loaned on stocks and bonds and all other securities except mortgages 398570 35 12 Cash in companys principal office 7142 37 13 Cash belonging to the company deposited in bank National Union Bank Water town N Y 4793494 Jefferson Coun ty National Bank Watertown N Y 3346694 Watertown National Bank Watertown N Y 4170849 National Bank Loan Co Watertown N Y 4683843 Mercantile Trust Co New York City 2273054 total 192679 34 Total cash items 199821 7120 COMPTROLLERGENERALS REPORT 14 Interest due and accrued on land contracts and bank balances 15 Interest due and accrued on stocks and bonds not Includ ed in market value uncollected 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Boston British American Erie Fire Kings County National Union Fire of Pennsylvania Penn sylvania Fire and Security of Connecticut 4225 63 9897 08 5954 93 244183 46 657 73 Total assets of the company 2745646 99 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest cost and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 32904 68 73846 27 18613 Hi 125363 95 9818 93 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 90477100 unearned premiums fifty per cent f 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 173095900 unearned premiums pro ratal 115545 02 452385 50 907025 s2 11 Total unearned premiums as computed above carried out 135941132 19 All other demands against the company absolute and contingent due and to become due admitted and eon tested viz Commissions on uncollected premiums 5372076 unpaid reinsurance 404651 57767 27 20 Total amount of all liabilities except capital stock scrip and net surplus 1532723 61 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 712923 38 24 Aggregate amount of all liabilities including capital paid up and net surplus 2745646 99 COMPTROLLERGENERALS REPORT 21 1 6 7 IVINCOME DURING THE YEAB Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 234098 89 Net collected 234098 89 Gross premiums on risks written and re newed during the year 1896040 37 Total 2130139 26 Deduct premiums and bills in course of lection at this date 244183 46 10 11 12 Entire premiums collected during the year 1885955 80 Deduct reinsurance and return premiums 606342 66 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting in crease if any in value of securities viz Rents 15 Aggregate amount of income actually received during the year in cash vexpenditubes during the year Fire Risks 1 Gross amount actually paid for losses in eluding 9195835 losses occurring in previous years 1186597 83 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 577406 and all amounts actually received for reinsur ances in other companies 35782807 total deductions 1279613 14 35616 48 75006 95 1444 38 1391680 95 363602 13 S 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 1 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz General and agency expenses stationery printing postage ex change and maps Aggregate amount of actual expenditures during the year in cash 822995 70 50000 00 277035 27 89434 20 51735 63 94323 87 1385524 67s dSBliiSfc 22 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 1864100 00 Premiums received gross 27143 95 Losses paid 12640 39 Losses incurred 11685 99 AMERICAN CENTRAL FIRE INSURANCE COMPANY OF ST LOUIS MO Geo T Cbam President Jno H Adams Secretary Principal Office 415 Locust St C H Diixingham Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 3 Interest due and accrued on bond and mortgage loans 9500 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 12800 00 5 Value of buildings mortgaged insured for 1710000 ascollateral 14900 00 6 Total value of said mortgaged premises carried inside 27700 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3198590 95 11 Total par and market value of stocks bonds and all oth er securities except mortgages 260000 00 12 Cash in companys principal office 19379 91 13 Cash belonging to the company deposited in bank National Bank of Com St Louis 8305074 Third National Bank St Louis 2719853 National Bank of Com New York 87526 First National Bank Las Vegas N M 10 00000 total 121124 53 Total cash items 140504 44 17 Cash in hands of agents and in course of transmission 278144 34 Total assets of the company actual cash market value 3886739 73 IIILIABILITIES 1 Losses due and unpaid 54511 28 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 116236 53 COMPTROLLERGENERALS REPORT 23 9248 15 179996 96 26765 55 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 fire risks running one year or less from date of policy 134329681 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 150844348 unearned premiums pro rata 153230 41 671648 40 830862 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 due agents 1502511 04 41721 65 1697463 10 1000000 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 ll89Z7b m 24 Aggregate amount of all liabilities including capital paid up and net surplus 3886739 IS IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collected at close of last previous year as shown by that years statement 238468 44 3 Net collected 238468 44 4 Gross premiums on risks written and re newed during the year 2792111 01 3030579 45 5 Total 6 Deduct premiums and bills in course of collection at this date 278144 7 Entire premiums collected during the 2752435 11 8 Deduct reinsurance and return premiums 862394 40 9 Net cash actually received for premiums carried out 1890040 71MM i 24 COMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages 495 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 154722 02 15 Aggregate amount of income actually received during the year in cash 2045257 73 VEXPENDITURES DURING THE YEAB Fire Kisks 1 Gross amount actually paid for losses including 408520 losses occurring in previous years 1371633 86 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 599309 and all amounts actually received for reinsur ances in other companies 16583134 total deductions 171824 43 3 Net amount paid during the year for losses 1199809 43 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 385098 01 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 102263 96 8 Paid for State national and local taxes in this and other States 42803 38 9 All other payments and expenditures viz Rent 5000 advertising 108380 general expense 19261003 total 198693 83 Aggregate amount of actual expenditures during the year in cash 2048668 61 Business in the State of Georgia during the year Fire risks written 1410708 00 Premiums received gross 25952 50 Losses paid 17744 42 Losses incurred 18742 62 AMERICAN INSURANCE COMPANY OF NEW JERSEY C E Dobemus President Jas H Wobden Secretary Home Office 70 Park Place Newark N J Richard S Busbee Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 600000 00 Amount of ledger assets as per balance December 31 of previous year 5006462 71 Extended at 5006462 71 COMPTROLLERGENERALS REPORT 25 IIINCOME 1 Gross premiums 2571767 21 2 Deduct reinsurance rebate abatement and return premiums 542910 56 3 Total premiums other than perpetuals 2028856 65 5 Interest on mortgage loans 75838 18 7 Interest on bonds and dividends on stocks 94803 08 8 Interest from all other sources 1506 39 9 Gross rents from companys property 12690 50 10 Total interest and rents 184838 15 13 Total income 2213694 80 IIIDISBUBSEMENTS Fire Risks 1 Gross amount paid for losses including 15342122 occurring in previous years 1254542 68 2 Deduct amount received for salvage 1745822 and for reinsurance in oth er companies 11763704 135095 26 3 Net amount paid for losses 1119447 42 5 Paid stockholders for interest or dividends amount de clared during the year 9600000 9592996 paid pol icyholders for dividends 16000 96089 96 8 Commissions or brokerage 463267 38 9 Salaries fees and all other charges of officers clerks agents and other employees 115317 37 11 Repairs and expenses other than taxes on real estate 3565 95 12 Taxes on real estate 6089 02 13 All other taxes licenses and insurance department fees 58629 39 14 Loss on sale or maturity of ledger assets 3785 23 15 All other disbursements Advertising printing station ery postage express traveling legal and miscellane ous expenses 133535 04 16 Total disbursements 1999726 76 IVLEDGER ASSETS 1 Book value of real estate unincumbered 505000 00 2 Mortgage loans on real estate first liens 1491213 19 4 Book value of bonds excluding interest 218005322 and stocks 47303789 2653091 11 5 Cash in companys office 182411 de posited in bank 12869441 130518 52 6 Agents balances representing business written subsequent to October 1 1904 197572 06 7 Agents balances representing business written prior to October 1 1904 3070 34 f J j26 COMPTROLLERGENERALS REPORT 9 Bills receivable taken for fire risks 241123 58 10 Other ledger assets viz Due from Mu nich Reinsurance Company for losses paid and uncollected 841 95 11 Total ledger assets 5220430 75 NONLEDGEB ASSETS 12 Interest due 925081 and accrued 17 07163 on mortgages 26322 44 13 Interest due and accrued on bonds and stocks 34894 40 16 Rents due 124 84 17 Total 6134168 21 Gross assets 5281772 4a DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 1070 34 5 Bills receivable past due taken for fire risks 27235 64 7 Depreciation from book value of ledger assets to bring same to market value viz Stocks and bonds carried below book and market values 20861 11 8 Total 49167 09 9 Total admitted assets 5232605 34 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 4757 69 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 196568 31 3 Gross claims for losses resisted 9806 17 4 Total 211132 17 5 Deduct reinsurance due or accrued 25574 17 6 Net amount of unpaid losses and claims 185558 00 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual fire risks 93065295 unearned premiums fifty percent 465326 47COMPTROLLERGENERALS REPORT 27 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 335769739 unearned premiums pro rata 1906814 37 12 Total unearned premiums as computed above 2372140 84 18 Cash dividends remaining unpaid to stockholders 471 09 to policyholders 22900 700 09 20 Commissions brokerage and other charges due or to be come due to agents and brokers 37305 5 24 Total amount of all liabilities except capital 2595703 98 25 Capital actually paid up in cash 600000 00 26 Surplus over all liabilities 2036901 36 27 Surplus as regards policyholders 2636901 36 28 Total liabilities 5232605 34 ATLAS ASSURANCE COMPANY LIMITED OF LONDON Fbank Lock U S Manager 49 Wall St New York C S Hatcher Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 11000000 00 11000000 00 2 Amount paid up in cash 1320000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1372167 50 12 Cash in companys principal office 1585 7o 13 Cash belonging to the company deposited in bank Merchants National Bank of New York N Y 1094423 Manhat tan Trust Co of New York N Y 135 00000 Northern Trust Co of Chicago 111 407615 National Bank of Illi nois Chicago 111 277285 Canadian Bank of Commerce San Francisco Cal 3 84919 Mercantile Trust Co of San Francisco Cal 264303 total 159285 45 mo 160871 20 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Gross premiums in course of collection not more than three months due v r 28 COMPTROLLERGENERALS REPORT All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Manhattan Assurance Co 2461115 Kings County Fire Insurance Co 25000 sundry debtors 86704 Deduct assets not admitted 25728 19 693 21 25034 Total assets of the company actual cash market value 187917144 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest 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 date of policy 95333364 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 73794624 unearned premiums pro rata 12777 73 105447 50 3149 07 121374 30 9479 36 111894 94 476666 82 421642 26 11 Total unearned premiums as computed above carried out 19 All other demands agpinst the company absolute and contingent due and to become due admitted and con tested viz Commissions 7715987 reinsurance 442928 total 898309 08 81589 15 20 Total amount of all liabilities except capital stock scrip and net surplus 1091793 17 23 Surplus beyond capital and all other liabilities 787378 27 24 Aggregate amount of all liabilities including capital paid up and net surplus 1879171 441 7 8 9 11 14 15 1 3 6 7 8 9 10 COMPTROLLERGENERALS REPORT 29 IVINCOME DURING THE YEAR On Fire Kisks Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 149959 41 Net collected 149959 41 Gross premiums on risks written and re newed during the year 1768493 31 Total 1918452 72 Deduct premiums and bills in course of collection at this date 309782 91 Entire premiums collected during the year 1608669 81 Deduct reinsurance and return premiums 390263 7o Net cash actually received for premiums carried out 1218406 06 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 46123 22 Amount of remittances from home office during the year 555779 29 Aggregate amount of income actually received during year in cash 1820308 57 VEXPENDITURES DURING THE YEAR On Fire Kisks Gross amounts actually paid for losses including 6271111 losses occurring in previous years 737893 76 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 288707 and all amounts actually received for reinsur ances in other companies 702473 total deductions 72911 80 Net amount paid during the year for losses 004981 96 Paid for commissions or brokerage 228328 1 Paid for salaries fees and other charges of officers clerks agents and all other employees 81041 16 Paid for State national and local taxes in this and other 32023 32 States All other payments and expenditures viz Rents 7 504 58 advertising 497735 miscellaneous 74 46051 total JJJJJ J Amount sent to home office during the year 309UJ a Aggregate amount of actual expenditures during the u 1402477 47 year in cash VHHUIIBHHHB i 3Q COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 876629 00 15397 27 234 82 631 73 ATLANTABIRMINGHAM FIRE INSURANCE COMPANY OF BIRMINGHAM ALA J T Dargan President Robt N Hughs Secretary Principal Office Empire Building Atlanta Ga F M Butt Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cashf 222500 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 13484 10 3 Interest accrued on all said bond and mortgage loans 342 79 9 Total par and market value of stocks and bonds owned absolutely by the company 426310 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 15000 00 12 Cash in companys principal officef 3193 40 13 Cash belonging to the company deposited in bank 61132 40 Total cash items 64325 80 15 Interest due and accrued on stocks not included in mar ket value uncollected 1165 00 16 Interest due and accrued on collateral loans and uncol lected 164 79 17 Cash in hands of agents and in course of transmission 65673 62 All other assets both real and personal as per schedule attached viz Accrued interest on bank certificates of deposit 296 96 Total assets of the company actual cash market value 586763 06 IIILIABILITIES 1 Losses due and unpaid 1370 64 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 13489 75 iCOMPTROLLERGENERALS REPORT 31 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance ihereon 600 00 15460 39 2552 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 31404053 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 10540335 unearned premiums pro rata 157020 26 78439 58 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 IVINCOME DURING THE YEAR 9 Net cash actually received for premiums on fire risks carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Kisks 1 Gross amount actually paid for losses including 397011 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 81258 and all amounts actually received for reinsur ances in other companies 5013359 total deductions 205339 13 50946 17 12908 39 235459 84 248368 23 222500 00 115894 83 586763 06 414023 69 1474 27 14610 91 430108 87 3 Net amount paid during the year for losses 15439 fl6 j 32 COMPTROLLERGENERALS REPORT 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 17995 89 6 Paid for commissions or brokerage 89010 01 7 Paid for salaries fees and other charges of officers cleiks agents ana all other employees 61729 91 8 Paid for State national and local taxes in this and other States 14602 93 9 All other payments and expenditures viz Rents 2 70613 miscellaneous accounts 1740199 total 21108 12 Aggregate amount of actual expenditures during the year in cash 357739 82 Business in the State of Georgia during the year Fire risks written 1876732 70 Premiums received gross 33257 34 Losses paid 13753 25 Losses incurred 14772 35 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Robert J Lowry President Joel Hurt Secretary Principal Office 223 Equitable Building J Carroll Payne Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 70000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 210485 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 10000 00 12 Cash in companys principal office 52 11 13 Cash belonging to the company deposited in bank 14655 26 Total cash items 14707 37 15 Interest due and accrued on stocks not included in mar ket value uncollected 812 50 17 Cash in hands of agents and in course of transmission 15836 30 All other assets both real and personal viz Office fur niture 3500 00 Total assets of the company actual cash market value 325341 17 COMPTROLLERGENERALS REPORT 33 IIILIABILITIES 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 2330 00 2610 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 5128178 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 4689610 unearned premiums pro rata 25640 89 25653 02 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 Reinsuring companies 5 Total 6 Deduct premiums and bills in course of collection at this date 111227 77 15836 30 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 95391 47 26312 47 4940 00 51293 91 227 62 56461 53 200000 00 68879 64 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 325341 17 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 18409 60 4 Gross premiums on risks written and re newed during the year 92818 17 9 Net cash actually received for premiums carried out 69079 00 SinHHHHHHHHHHHHHHN JT7TO 34 COMPTROLLERGENERALS REPORT 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources L2 Income received from all other sources omitting in crease if any in value of securities viz Rents L5 Aggregate amount of income actually received during the year in cash VEXPENDITURES DTJBING THE YEAR 1 Gross amount actually paid for losses including 54255 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 36920 and all amounts actually received for reinsur ances in other companies 293686 total deductions 23748 53 3306 12 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers 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 Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 7038 06 4325 95 S0443 01 20442 41 12000 00 11590 59 10202 32 3899 49 9788 17 67922 98 243S573 00 41924 52 16498 50 18999 51 BOSTON INSURANCE COMPANY OF BOSTON MASS Ransom B Fuller President Tnos H Lord Secretary Principal Office 137 Milk St W L Wilsox Savannah Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 18066 91 COMPTROLLERGENERALS REPORT 35 1104450 00 10402 86 2042235 29 55750 00 17157 96 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 7 81862 interest accrued thereon 258424 total 5 Value of buildings mortgaged insured for 90680000 as collateral 2339600 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other se curities except mortgages 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank Com mercial National Bank Boston Mass 24981213 First National Bank Boston Mass 10008016 Na tional Bank of North America New York N Y 54 39574 National Mechanics Bank Baltimore Md 1 00914 Baring Brothers Co London England 13 61671 John D Tyson Co Liverpool England 2 25340 total 421167 28 15 Interest due and accrued on stocks not included in mar ket value uncollected 4247 50 16 Interest due and accrued on collateral loans and uncol lected 507 64 17 Cash in hands of agents and in course of transmission 205545 65 18 Bills receivable not matured taken for fire marine and inland risks 71947 32 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 522310 unpaid return premiums on reinsur ance 100229 Atlantic Mutual scrip 123000 de posits with fire boards 20000 7655 39 Total assets of the company actual cash market value 3959133 80 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in sSspense 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 21498 53 225246 13 1450 00 248194 66 19189 67 e Net amount of unpaid losses 229004 99BHHHHHHHHHHHHi MB mmtmm 36 COMPTROLLERGENERALS 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 44919803 unearned premiums fifty per cent 224599 01 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 56005666 unearned premiums pro rata 313959 38 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 1128500 at 100 per cent 11285 60 10 Gross premiums without any deduction received and receivable on all unex pired marine and inland risks 451 94235 yearly risks 60 per cent 271165 41 11 Total unearned premiums as computed above carried out 821009 40 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Contingent salvage account 595500 commissions brokerage and other charges etc esti mated 2876906 reinsurance premiums 408326 total 38807 32 20 Total amount of all liabilities except capital stock scrip and net surplus 1088821 71 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1870312 09 24 Aggregate amount of all liabilities including capital paid up and net surplus 3959133 80 IVINCOME DURING THE YEAR Fire Riflis 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 113676 59 Marine anri luland Risks 180118 01 3 Net collected 4 Gross premiums on risks written and renewed during the year 113676 59 180118 01 979369 56 1103500 86 5 Total 1093046 15 1283618 87 COMPTROLLERGENERALS REPORT 37 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 119310 94 175688 71 973735 21 1107930 16 342669 77 194195 69 631065 44 913734 47 9 Net cash actually received for premiums carried out 10 Received for interests on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources Incomes received from all other sources omitting in crease if any in value of securities viz Gain sale Globe National Bank stock 255000 National Suf folk Bank stock f 163258 refund bank tax 518278 readjusting contingent salvage 595500 unpaid re turn premiums on reinsurance 35805 total 1544799 91 48765 25 90976 70 12 15678 41 15 Aggregate amount of income actually received during the year in cash 1700220 27 VEXPENDITURES DUBING THE YEAK 1 Gross amount paid for losses including 230 87905 occurring in pre vious years 2 Deduct amount received for salvages whether on losses of the last or of previous year 82873 72 and all amounts re ceived for reinsurance in other companies 20154598 total deduc tions Fire Risks Marine and Inland Risks 670897 98 602249 89 86998 85 197420 85 3 Net amount paid during the year for losses 583889 13 404829 04 i Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 1 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 3788236 taxes on real estate 27380 repairs on real estate 80059 rents 1652149 loss Lincoln National Bank stock 133000 increase bills receiv 988728 17 120000 00 263165 77 141371 89 J 2SS g I COMPTROLLERGENERALS REPORT able matured and unpaid 173577 advertising printing stationery 1070223 furniture and fixtures 1117861 legal exps 83027 boards of patrol 12 81732 maps 223468 miscellaneous 2928099 doubtful accounts charged off 472045 unpaid re insurance premiums 242719 unpaid reinsurance on losses 1087531 total 143611 04 Aggregate amount of actual expenditures during the year in cash 1656876 87 BRITISH AMERICA ASSURANCE COMPANY TORONTO CANADA J J Kenny VicePresident P H Sims Secretary Principal Office 18 and 20 Front St East Geo J Dexteb Atlanta Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company 1209024 02 13 Cash belonging to the company deposited in bank Cana dian Bank of Commerce New York City 82822 91 15 Interest due and accrued on stocks not included in mar ket value uncollected 10308 70 17 Cash in hand of agents and in course of transmission 168924 31 Total assets of the company actual cash market value 1471079 94 IIILIABILITIES 1 Losses unpaid 18616 72 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 68113 81 3 Losses resisted including interest costs and other expenses thereon 7997 23 6 Net amount of unpaid losses 94727 76 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 100739564 unearned premiums fifty per cent 503697 82 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one one year from date of policy 716864 54 unearned premiums pro rata 38709 33 9 Gross premiums without any deductionCOMPTROLLERGENERALS REPORT 39 including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 7958634 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 39793 17 3176 01 11 Total unearned premiums as computed above carried out 933762 33 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due agents 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 42469 19 1070959 28 400120 66 1471079 94 IVINCOME DURING THE YEAR Marine and Fire Risks Imand Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 235956 88 34438 6rf 3 Net collected 5 235956 88 34438 69 4 Gross premiums on risks written and renewed during the year 1690907 73 262279 65 5 Total 1926864 61 296718 34 6 Deduct premiums and bills in course of collection at this date 152104 86 16819 45 7 Entire premiums collected during the year 1774759 75 8 Deduct reinsurance and return premiums 404508 37 279898 89 36650 03 9 Net cash actually received for premiums carried out 1370251 38 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 14 Amount of remittances from home office during the year 15 Aggregate amount of income actually received during the year in cash 243248 86 1613500 24 38948 35 24604 79 1677053 38hBHhihhhhhhhhiiii 40 COMPTROLLERGENERALS REPORT VEXPENDITUBES DUBING THE YEAB Gross amount actually paid for losses includ ing 10482571 losses oc curring in previous years Deduct all amounts actu ally received for sal vages whether on loss es of the last or of pre vious years 3111095 and all amounts actual ly received for reinsur ances in other compa nies 10647624 total deductions Fire Risks 995277 22 Marine and IiiKnd Risks 2052S9 34 103169 13 34418 06 3 Net amount paid during the year for losses 892108 09 17087128 6 Paid for commissions or brokerage 7 Paid for salaries fees and other Ciiarges of officers clerks agents and other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Printing stationery advertising supervision postage tele graph express and exchange 1062979 37 305403 78 66315 65 47136 80 114069 72 Aggregate amount of actual expenditures during the year in cash 1595905 32 Business in the State of Georgia during the year Risks written Premiums received gross Losses paid Losses incurred Fire 1661262 00 Marine and Inland 254642 00 Aggregate 1915904 00 28734 31 570 09 29304 40 12625 24 2644 66 15269 90 14450 88 2644 66 17095 54 CALEDONIAN FIRE INSURANCE COMPANY OF SCOTLAND Chas H Post U S Manager N A McNeil Asst Manager Principal United States Office 50 and 52 Pine St New York City C S Mathews Attorney for Service in Georgia icapital 1 Whole amount of capital stock 5000000 00 2 Amount paid up in cash 537500 00COMPTROLLERGENERALS REPORT 41 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 434555 66 9 Total par and market value of stocks and bonds owned absolutely by the company 1024250 00 12 Cash in companys principal office 2908 08 13 Cash belonging to the company deposited in bank American Exchange national Bank New York City trustees account 6000000 managers account 60 00000 home office account 2007666 Bank of British North America San Francisco 460669 Knauth Nachod Kulme bankers New York City 2 52000 total 147203 35 Total cash items 150111 43 15 Interest due and accrued on stocks not included in mar ket value uncollected 2f 10795 82 17 Cash in hands of agents and in course of transmission 187612 93 18 Bills receivable not matured taken for fire marine and inland risks 366 u All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 105703 due from other companies etc 5 36351 6420 U Total assets of the company actual cash market value 1814112 49 IIILIABILITIES 1 Losses due and unpaid 51787 33 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 69944 01 3 Losses resisted including interest costs other expenses thereon M05 97 4 Total gross amount of claims for losses 127737 31 5 Deduct reinsurance thereon 14288 82 6 Net amount of unpaid losses 113448 49 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 90834637 unearned premiums fifty per cent 454173 17 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than oneJbHHHHHHHbHHH 42 COMPTROLLERGENERALS REPORT year from date of policy 98279037 unearned premiums pro rata 541387 97 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 Reinsurance 2879904 contingent 10 00000 995561 14 38799 04 20 Total amount of all liabilities except capital stock scrip and net surplus 1147808 67 23 Surplus beyond capital and all other liabilities 666303 82 24 Aggregate amount of all liabilities including capital paid up and net surplus 1314112 49 IVINCOME DURING THE YEAR Fire Riks 4 Gross premiums on risks written and newed during the year 1782206 52 8 Deduct reinsurance and return premi ums 482266 05 9 Net cash actually received for premiums carried out 11 Received for interests and divuends on stocks and bonds collateral loans and from other sources 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1299940 47 45811 15 22978 81 15 Aggregate amount of income actually received during the year in cash 136873043 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 11896347 losses occurring in previous years 923593 09 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 735231 and all amounts actually received for reinsur ance in other companies 10088416 total deductions 108236 47 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 815356 62 296442 92 81405 32 31216 36 Itm1 PI COMPTROLLERGENERALS REPORT 9 All other payments and expenditures viz Rents 7594 93 all other expenses 5747149 total 43 65066 42 10 Amount sent to home office during the year 20727 00 Aggregate amount of actual expenditures during the year in cash 1289487 64 Business in the State of Georgia during the year Fire risks written 732695 00 Premiums received gross 11625 17 Losses paid 4020 15 Losses incurred 4108 15 CITIZENS FIRE INSURANCE COMPANY OF MISSOURI Sol E Waggoner President John H Caer Secretary Principal Office Century Building St Louis Mo John A Perdue Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on mortgage duly recorded and being first liens on the fee simple 3 Interest accrued on all said mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvement 345000 00 5 Value of buildings mortgaged insured for 21845000 as collateral 237500 00 6 Total value of said mortgaged premises carried inside 582500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 115 20 13 Cash belonging to the company deposited in bank Merchants Laclede National Bank St Louis 8025667 Bankers Trust Company New York 2207699 Lowry National Bank Atlanta 5917 77 WellsFargo Bank San Francisco 507500 11332643 200000 00 4877 00 244700 00 3357 00 263030 00 Total cash items 113441 63mm M 44 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on bonds not included in mar ket value uncollected 2620 00 17 Cash in hands of agents and in course of transmission 93991 96 Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 37169 24 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 107517 44 3 Losses resisted including interest costs and other expenses thereon 5719 27 4 Total gross amount of claims for losses 150405 95 5 Deduct reinsurance thereon 110842 83 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 35774100 unearned premiums fifty per cent 178870 50 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 27716400 unearned premiums pro rata 153196 18 11 Total unearned premiums as computed above carried out 24 Aggregate amount of all liabilities including capital paid up and net surplus 726017 59 IVINCOME DURING THE YEAE Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 165469 71 2 Deduct amount of same not collected 31S 58 3 Net collected 165151 13 Marine and Inland Kisks 44 79 39563 12 332066 68 20 Total amount of all liabilities except capital stock and net surplus 371629 80 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 154387 79 726017 59 44 79COMPTROLLERGENERALS REPORT 45 4 Gross premiums on risks written and renewed dur ing the year 2124177 68 458 5 Total 2289328 81 503 51 6 Deduct premiums and bills in course of collection at this date 122759 28 25 04 7 Entire premiums collected during the year 2166569 53 478 47 8 Deduct reinsurance and return premiums 1652576 11 21 11 9 Net cash actually received for premiums 513993 42 10 Received for interest on mortgages 11 Received for interest on bonds 157 36 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING 1 Gross amount actually paid for losses including 15152039 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 256057 and for all amounts actually received for rein surances in other companies 932531 64 total deductions THE YEAR fire Risks 1270884 54 935092 21 Aggregate amount of actual expenditures during the year in cash 514150 78 13493 53 11530 00 539174 31 3 Net amount paid during the year for losses 335792 33 6 Paid for commissions or brokerage 85575 95 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 37826 16 8 Paid for State national and local taxes in this and other States 16708 99 9 All other payments and expenditures viz Rents 2 18029 taxes real estate 1270 traveling 999221 salvage corps 186004 sundry expenses 2336966 total 37414 90 513318 Business in the State of Georgia during the year Fire risks written 2477135 0 Premiums received gross Losses paid Losses incurred 43475 24 15477 59 17129 54BHHHHHHHHHi 46 COMPTROLLERGENERALS REPORT COMMERCIAL UNION ASSURANCE COMPANY LIMITED OP LONDON ENGLAND A H Wray Manager Principal Office in United States Corner Pine and William Sts New York Jacob Haas Atlanta Attorney for Service in Georgia IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 888148 69 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 115000 00 3 Interest accrued on all said bond and mortgage loans 1652 50 4 Value of lands mortgaged exclusive of buildings and perishable improvements 72000 00 5 Value of buildings mortgaged insured for 12880000 as collateral 150000 00 6 Total value of said mortgaged premises carried inside 222000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2937600 00 12 Cash in companys principal office 11393 75 13 Cash belonging to the company deposited in bank Morton Trust Co New York 40882184 National Bank of Com merce New York 15726996 Ameri can Exchange National Bank New York 177047 AngloCalifornian Bank San Francisco 8618498 First National Bank Denver 1902936 National Union Bank Boston 1559 35 total 674635 96 Total cash items 686029 71 17 Cash in hands of agents and in course of transmission 575277 48 18 Bills receivable not matured taken for fire marine and inland risks 7671 06 All other assets both real and personal viz Rents due and accrued 1077422 due from other companies for reinsurance on losses already paid 827212 19046 34 Total assets of the company actual cash market vale 5230425 78 IIILIABILITIES 1 Losses due and unpaid 62604 51 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 347254 50COMPTROLLERGENERALS REPORT 47 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 31100 00 440959 01 40730 34 6 Net amount of unpaid lossesI 400228 67 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 269945168 unearned premiums fifty per cent 1349725 84 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 345961680 unearned premiums pro rata 1723520 72 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 30411 10 36031 39 11 Total unearned premiums as computed above carried out 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 1845067 reinsur ance premiums 3568025 total 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 3139689 05 107191 95 54130 92 3701240 59 1529185 19 5230425 78 INCOME DURING THE YEAR Fire Risks Marine and Inland Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 3 Net collected 5S3563 3S 27133 81 583563 38 27133 81BMBMBIM L 48 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and renewed during the year 6011800 87 225942 21 5 Total 6 Deduct premiums and bills in course of collection at this date 6595364 25 253076 02 654920 67 22516 67 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 1515522 59 5940443 58 230559 35 48357 30 9 Net cash actually received for premiums carried out 424920 99 442 ds an 182202 05 4607123 04 10 Received for interest on bonds Tlnd mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Received from all other sources omitting increase if any in value of securities viz Rents 6325936 profit on sale or maturity of ledger assets 48625 total 13 Deposit premiums received on perpetual risks 14 Amount of remittances from home office during the year 335497 99 4964 20 49585 63 63745 61 1284 69 15 Aggregate amount of income actually received during the year in cash 4726703 17 VEXPENDITURES DURING THE YEAR 1 Gross amount paid for losses including 360 44654 losses occurring in previous years 2 Deduct all amounts actu ally received for sal vages whether on losses of the last or of previ ous year 2878446 and all amounts actu ally received for rein surances in other com panies 27007028 to tal deductions Fire Risks 2583719 86 Marine and Inland Risks 123761 05 258358 04 40496 70 3 Net amount paid during the year for losses 2325361 82 6 Paid for commissions or brokerage 83264 35 2408626 17 1264705 52 i m COMPTROLLERGENERALS REPORT 49 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 159559 12 8 Paid for State national and local taxes in this and other States 94677 97 9 All other payments and expenditures viz Rents re pairs and expenses on real estate national and local boards travel and surveys printing and stationery postage telegrams express and exchange advertising and subscription and sundries 206803 60 Aggregate amount of actual expenditures during the year in cash 4134372 38 Business in the State of Georgia during the year Fire risks written 6258080 00 Premiums received gross 105923 44 Losses paid 53923 94 Losses incurred 54709 05 CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK Henry Evans President J E Lopez and E L Ballard Secretaries Principal Office 46 Cedar Street J L Riley Co Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stockI 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1113000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 28900 00 3 Interest accrued on all said bond and mortgage loans 726 15 4 Value of lands mortgaged exclusive of buildings and perishable improvements 22800 00 5 Value of buildings mortgaged insured for 3562500 as collateral 37700 00 6 Total value of said mortgaged premises carried inside 60500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11674865 00 12 Cash in companys principal office 12540 05 13 Cash belonging to the company deposited in bank First National Bank of New York 47145033 Central Trust Co of New York 10703576 Brooklyn i in 50 COMPTROLLERGENERALS REPORT Trust Co on 1st of Brooklyn 57084 72 Franklin Trust Co of Brooklyn 5676559 First National Bank of Brooklyn on 1st 1554132 Crocker Woolworth National Bank of San Fran cisco 250000 First National Bank of Chicago 4152490 total 751902 62 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 18 Bills receivable not matured taken for fire risks All other assets both real and personal viz Rents due and accrued 764442 67 93769 50 856575 05 10165 08 709 S7 Total assets of the company actual cash market 14543153 32 value T IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 447265 66 51284 00 498549 66 88004 61 410545 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 348789520 unearned premiums fifty per cent 1743947 60 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 778193772 unearned premiums pro rata 4159865 73 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reserve for contingencies 20 Total amount of all liabilities except capital stock scrip and net surplus 6786491 79 21 Joint stock capital actually paid up in cash 1000000 00 5903813 33 172133 41 300000 00COMPTROLLERGENERALS REPORT 51 23 Surplus beyond capital and all other liabilities 6756661 53 24 Aggregate amount of all liabilities including capital paid up and net surplus 14543153 32 TO BE ANSWERED BY COMPANIES DOING AN INSTALLMENT BUSINESS Amount of unearned premiums repre sented by installment notesbeing the whole amount of such notes 1777463 00 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected Fl e Risks 864577 86 11837 84 852740 02 3 Net collected 4 Gross premiums on risks written and re newed during the year 6978680 72 5 Total 7831420 74 6 Deduct premiums and bills in course of collection at this date 866740 13 7 Entire premiums collected during the year 6964680 61 8 Deduct reinsurance and return premiums 1057873 44 9 Net cash actually received for premiums carried out 5906807 17 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 15 Aggregate amount of income actually received during 1676 83 514228 49 24729 59 the year in cash 6447442 08 EXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 41769980 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 866666 and all amounts actually received for reinsur ance in other companies 17695292 total deductions 3863988 28 185619 58 3 Net amount paid during the year for losses 3678368 70 v 52 COMPTROLLERGENERALS REPORT 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 360 00000 360075 oa 5 Scrip or certificates of profits redeemed in cash and in terest paid to scripholders 23 32 6 Paid for commissions or brokerage 1293495 24 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 450604 20 8 Paid for State national and local taxes in this and other States 146233 45 9 All other payments and expenditures viz Rents 12 70080 advertising printing and stationery 60156 34 furniture and fixtures 880118 legal expenses 904492 miscellaneous 24953241 total 340235 65 Aggregate amount of actual expenditures during the year in cash 6269035 5ft Business in the State of Georgia during the year Fire risks written 6074973 00 Premiums received gross 107332 47 Losses paid 42373 54 Losses incurred 41524 06 CONNECTICUT FIRE INSURANCE COMPANY OF HARTFORD CONN J D Browne President Charles R Burt Secretary Home Office 51 Prospect Street Hartford Conn J L Riley Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 1000000 00 Amount of ledger assets as per balance December 31 1903 4939150 00 Extended at 4939150 00 IIINCOME As shown by the books at home office at close of business December 311904 Fire Risks 1 Gross premiums 3673183 20 2 Deduct reinsurance rebate abatement and return premiums 653479 71 3 Total premiums other than perpetuals 3019703 49 5 Interest on mortgage loans 61472 91 7 Interest on bonds and dividends on stocks 127904 54 8 Interest from all other sources 3149 22 9 Gross rents from companys property 5090 06 10 Total interests and rents 197616 73 13 Total income 3217320 22COMPTROLLERGENERALS REPORT 53 IIIDISBURSEMENTS As shown by the books at home office at close of business December 311904 1 Gross amount paid for losses including 20793857 occurring in previous years 1961989 62 2 Deduct amount received for salvage 9 77648 and for reinsurance in other companies 11807891 127855 39 3 5 Net amount paid for losses 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 Advertising printing and sta tionery 5471705 legal expenses 530032 furni ture and fixtures 733257 miscellaneous expenses 12045179 1834134 23 120000 00 617796 11 215689 29 10795 04 3289 83 3517 48 95765 37 6072 23 187801 73 16 Total disbursements 3094861 31 IVLEDGER ASSETS 1 Book value of real estate unincumbered 204000 00 2 Mortgage loans on real estate first liens 1199600 00 4 Book value of bonds excluding interest 275914179 and stocks 45936549 3218507 28 5 Cash in companys office 1360 99 Cash deposited in banks viz National Exchange Bank Hartford 23115288 Mercantile Trust Company Boston 2688901 Continental National Bank Chicago 3515361 AngloCalifornia Bank San Francisco 1080829 304003 79 305364 78 6 Agents balances representing business written subse quent to October 1 1904 116372 16 7 Agents balances representing business written prior to October 1 1904 1994 02 9 Bills receivable taken for fire risks 15770 67 11 Total ledger assets I 5061608 91 NONLEDGER ASSETS 19 Market value of bonds and stocks over book value 135758 72 20 Other nonledger assets viz Gross pre miums excluding return premiums 54 COMPTROLLERGENERALS REPORT and reinsurance in course of collec tion December 31 not more than three months due 250000 00 Deduct cost of collection commission brokerage and other expenses 100000 00 Net amount of uncollected premiums not more than three months due 150000 00 21 Gross assets 5347367 63 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 1994 02 5 Bills receivable past due taken for Are risks 5236 67 8 Total 7230 69 Total admitted assets 5340136 94 VLIABILITIES Gross losses adjusted and unpaid not yet due Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses Gross claims for losses resisted 64609 94 212814 77 19403 01 4 Total 5 Deduct reinsurance due or accrued 296827 72 30380 07 6 Total amount of unpaid losses and claims 266447 65 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual fire risks 186545190 unearned premiums fif ty per cent 932725 95 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 322638946 unearned premiums pro rata 1726042 IS 12 Total unearned premiums as computed above 2658768 13 24 Total amount of all liabilities except capital 2925215 78 25 Capital actually paid up in cash 1000000 00 26 Surplus over all liabilities 1414921 16 27 Surplus as regards policyholders 2414921 16 28 Total 5340136 94 COMPTROLLERGENERALS REPORT 55 Business in the State of Georgia during theyear Fiie ut 1123000 00 Riskswritten 18193 01 Premiums received luoyi lo Losses paid 79 Losses incurred THE EAGLE FIRE COMPANY OF NEW YORK Theo H Pbice President Wm G Whildex Secretary Principal Office 82 Beaver St James L Riley Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 75000 ou 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 30000 00 3 Interest due and accrued on all said bond and mortgage loans 4 Value of lands and buildings mortgaged carried inside 4tuuuu 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market valueI VTffl10246 12 Cash in companys principal office iu to 13 Cash belonging to the company deposited in bank The Oriental Bank 77211 83 New York Trust Company 100 00000 total 177211 83 177314 29 Total cash items Total assets of the company actual cash market value IIILIABILITIES 15 Dividends declared and remaining unpaid or nnnllel for 19 All other demands against the company absolute and contingent due and to become due admitted and con tested 20 Total amount of all liabilities except capital stock and net surplus 56 COMPTROLLERGENERALS REPORT 21 Joint capital stock 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 400000 00 177908 05 581814 29 IVINCOME DURING THE YEAE 10 Received for interests on bonds and mortgages 10300 12 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 1610 08 12 Income received from all other sources omitting in crease if any in value of securities viz Recovery from Fidelity and Deposit Company of Maryland in compromise of suit 300 00 13 Received for increase capital 200000 00 15 Aggregate amount of income actually received during the year in cash 212210 20 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 36659 losses occurring in previous years 366 59 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 600 00 3 Net amount paid during the year for losses 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 9 All other payments and expenditures viz Rent 350 taxes and expenses on real estate 75113 loss on sale of securities 150000 miscellaneous 257914 total Aggregate amount of actual expenditures during the year in cash 233 41 1428 95 5180 27 6375 81 FIRE ASSOCIATION OF PHILADELPHIA PENNSYLVANIA E C Irvin President M G Garrigues Secretary Principal Office 407 and 409 Walnut Street W E Chapin Atlanta Attorney for Service in Georgia Icapital stock 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 442900 00 COMPTROLLERGENERALS REPORT 57 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1254156 99 3 Interest due on all bond and mortgage loans 677644 interest accrued thereon 1512627 total 21902 71 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1277892 00 5 Value of buildings mortgaged insured for 120906500 as collateral 1884749 00 6 Total value of said mortgaged premises carried inside 3162641 00 9 Total par and market value of stocks and bonds owned absolutely by the company 3849061 75 11 Total amount loaned on stocks and bonds and all other securities except mortgages 72000 00 12 Cash in companys principal office 11252 00 13 Cash belonging to the company deposited in bank 334523 58 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 194461 due from other companies for reinsurance on losses already paid 721505 345775 58 31309 64 239 50 523666 12 9159 66 Total assets of the company actual cash market value 6550172 35 IIILIABILITIES 1 Losses due and unpaid 140008 35 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 187099 24 3 Losses resisted including interest costs and other expenses thereon 32375 78 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 359483 37 52839 68 6 Net amount of unpaid losses 306643 69 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 280895400 unearned premiums fifty per cent 1404477 00 8 Gross premiums without any deduction jgg COMPTROLLERGENERALS REPORT received and receivable upon all unex pired fire risks running more than one year from date of policy 284479500 unearned premiums pro rata 1525519 37 11 Total unearned premiums as computed above carried out 2929996 37 12 Amount reclaimable by the insured on perpetual poli cies being 90 and 95 per cent of the premiums of deposit received 1783333 46 20 Total amount of all liabilities except capital stock and netsurplus 5019973 52 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 1030198 87 24 Aggregate amount of all liabilities including capital paid up and net surplus 6550172 39 IVINCOME DUEIXG THE YEAR Fire Ris s 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 506665 84 506665 84 3 Net collected 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 5230017 80 5 Total 5736683 64 6 Deduct premiums and bills in course of collection at this date 523666 12 7 Entire premiums collected during the year 5213017 52 8 Deduct reinsurance and return premi ums 1382005 27 9 Net cash actually received for premiums carried out 3831012 25 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 29 49890 miscellaneous 1697196 total 13 Received for deposit premiums 7259 60 160059 61 46470 86 52968 53 15 Aggregate amount of income actually received during the year in cash 4167770 85 I vCOMPTROLLERGENERALS REPORT 59 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 31037705 losses occurring in previous years 2548115 55 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1228289 and all amounts actually received for reinsur ances in other companies 22101034 total deductions 233293 23 3 Net amount paid during the year for losses 2314822 32 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 200000 00 6 Paid for commissions or brokerage 969336 90 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 204950 91 8 Paid for State national and local taxes in this and other 92949 49 States 9 All other payments and expenditures maoa Aggregate amount of actual expenditures during the x 4084530 91 year in cash T Business in the State of Georgia during the year 5164522 00 Fire risks written 84 374 28 Premium received gross 38319 03 Losses paid U912 25 Losses incurred FIREMANS FUND INSURANCE CO OF SAN FRANCISCO CAL William J Duttox President Louis Weinmann Secretary Principal Office 401 California Street Edgar S Wilson Macon Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon ouzou 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 717 50 interest accrued thereon 63163 total 1349 id 1 W COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of buildings and perishable improvements 484000 00 5 Value of buildings mortgaged insured for 7185000 as collateral 191500 00 6 Total value of said mbrtgaged premises carried inside 675500 00 7 Amount of other loans 428250 00 9 Total par and market value of stocks and bonds owned absolutely by the company 4098877 50 11 Total amount loaned on stocks and bonds and all other securities except mortgages 428250 00 12 Cash in companys principal offices 16775 39 13 Cash belonging to the company deposited in bank Crocker Woolworth National Bank S F 4444847 S F National Bank S F 2492147 Bank of Cali fornia S F 3181892 AngloCalifor nia Bank Ltd S F 2783518 Union Trust Company S F 5109094 Savings and Loan Society S F 12 59446 S F Savings Union S F 1898933 Corn Exchange National Chicago 2984113 Shawmut National Bank Boston 5185554 National Park Bank New York 10449867 I C Plants Son Banker Macon Ga in liquidation 3518128 at 50 per cent 1759064 Exchange Bank Macon Ga 1130259 First National Bank Albu querque N M 1000000 Bishop Co Bankers Honolulu H I 3035 00 total 439822 34 Total cash items 456597 73 16 Interest due and accrued on collateral loans uncollected 1986 54 17 Cash in hands of agents and in course of transmission 756194 02 18 Bills receivable not matured taken for fire marine and inland risks 50031 31 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 17003 59 Total assets of the company actual cash market value 6526439 82 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 393112 76 MMMMMCOMPTROLLERGENERALS REPORT Ql 3 Losses resisted including interest costs and other expenses thereon 6266 67 4 Total gross amount of claims for losses 399379 43 5 Deduct reinsurance thereon 106624 16 6 Net amount of unpaid losses 292755 27 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 242006929 unearned premiums 50 per cent 1210034 65 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 256454551 unearned premiums pro rata 1445222 78 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 220457 91 11 Total unearned premiums as computed above carried out 2875715 34 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissons brokerage and other charges due or to become due to agents and brokers 121877 63 marine bills payable 218000 total 124057 63 20 Total amount of all liabilities except capital stock and net surplus 3292528 24 21 Joint capital stock actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 2233911 58 24 Aggregate amount of all liabilities including capital paid up and net surplus 6526439 82 IVINCOME DURING THE TEAR Marine and Fire Risk Inland Kisks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 599236 35 157053 00 3 Net collected 599236 35 t 157503 0U 4 Gross premiums on risks written and renewed during the year 5362420 89 970817 31 5 Total 5961657 24 1127870 31SSK 62 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of collection at this date 634672 02 171553 31 7 Entire premiums collect ed during the year 5326985 22 956317 00 8 Deduct reinsurance and return premiums 1586436 05 481414 32 9 Net cash actually received for premiums carried out 3740549 17 474902 68 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 in crease if any in value of securities viz Rents 19 85702 total 15 Aggregate amount of income actually received during the year in cash 4442421 29 VEXPENDITURES DURING THE YEAR On Marine mid 421541 85 11837 68 183424 91 31706 85 1 Gross amount actually paid for losses includ ing 26926361 losses occurring in previous years 2 Deduct all amounts actu ally received for sal vages whether on losses of the last or of previ ous year 4012442 and all amounts actual ly received for reinsur ances in other compa nies 64150702 total deductions On Fire Risks InUau Risk 2377059 14 567795 07 371600 66 310030 78 3 Net amount paid during the year for losses 2u05458 48 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 257764 29 2263222 77 120000 00 753387 76 300416 06 82652 07 292869 62 Aggregate amount of actual expenditures during the year in cash 3812548 28 HMMCOMPTROLLERGENERALS REPORT 63 Business in the State of Georgia during the year Fire risks written 6337893 00 Premiums received gross 121337 93 Losses paid 57444 42 Losses incurred 51311 22 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Rhodes Browne President Wm C Coart Secretary Principal Office 1046 Broad Street W P Pattillo Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 300000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 272550 00 5 Value of buildings mortgaged insured for 18802500 as collateral 265000 00 6 Total value of said mortgaged premises carried inside 537550 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 companys principal offices 11279 09 13 Cash belonging to the company deposited in bank Home Savings Bank 18508 73 National Bank of Columbus 92 14925 Mercantile National Bank Ne York 2243779 total 133095 77 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 Penn Insurance Company 100101 Colonial In surance Company 28656 open ledger accounts 320172 total Total assets of the company actual cash market value 300000 00 132425 00 164608 44 493627 00 31075 00 144374 86 72770 34 4489 29 1043369 9364 COMPTROLLERGENERALS REPORT IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 33468 38 3 Losses resisted including interest costs and other expenses thereon 4500 00 4 Total gross amount of claims for losses 37968 38 5 Deduct reinsurance thereon 3373 66 6 Net amount of unpaid losses 34594 72 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 31535676 un earned premiums fifty per cent 157678 38 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 31089164 unearned premiums pro rata 174075 58 11 Total unearned premiums as computed above carried out 331753 96 15 Dividends declared and remaining unpaid or uncalled for 180 00 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 823 67 18 Amount of money borrowed 135000 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Old savings bank account 1278 21 20 Total amount of all liabilities except capital stock and net surplus 503630 56 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 239739 37 24 Aggregate amount of all liabilities including capital paid up and net surplus 1043369 93 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected Tllll 32 1192 95 3 Net collected 69918 37 COMPTROLLERGENERALS REPORT 65 4 Gross premiums on risks written and re newed during the year 634326 99 5 Total 704245 86 6 Deduct premiums and bills in course of collection at this date 72770 34 7 Entire premiums collected during the year 631475 02 8 Deduct reinsurance and return premiums 208016 05 9 Net cash actually received for premiums carried out 423458 97 10 Received for interest on bonds and mortgages 10636 17 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 21229 22 12 Income received from all other sources omitting in crease if any in value of securities 6431 34 15 Aggregate amount of income actually received during the year in cash 461755 70 VEXPENDITUBES DURING THE YEAB Fire Risks 1 Gross amount actually paid for losses including 4076164 losses occurring previous years 504523 03 2 Deduct all amounts actually received for reinsurance in other companies 104906 68 3 Net amount paid during the year for losses 399616 35 6 Paid for commissions or brokerage 79775 87 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 72651 65 8 Paid for State national and local taxes in this and other States 17354 35 9 All other payments and expenditures 8426 75 Aggregate amount of actual expenditures during the year in cash 577824 97 Business in the State of Georgia during the year Fire risks written 4072108 00 Premiums received gross 64015 32 Losses paid 31508 55 Losses incurred 32507 59 5 inaziiSSfc COMPTROLLERGENERALS REPORT GERMAN ALLIANCE FIRE INSURANCE CO OF NEW YORK N Y William N RjtfaiER President Charles G Smith Secretary Principal Office corner Liberty and Nassau Streets Chables Edgab Mills Commissioner for Georgia New York ICAPITAL 1 Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1227682 00 13 Cash belonging to the company deposited in bank Citi zens Central National 31112 73 15 Interest due and accrued on stocks not included in mar ket value uncollected 3496 50 17 Cash in hands of agents and in course of transmission 116677 52 Total assets of the company actual cash market value 1378968 75 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 82625 06 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 34601841 unearned premiums fifty per cent 173009 20 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 27542863 unearned premiums pro rata 150774 60 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 to agents on premiums in course of collection 82625 06 323783 80 34703 70 20 Total of all liabilities except capital stock and net sur plus 441112 56 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 537856 19 24 Aggregate amount of all liabilities including capital paid up and net surplus 1378968 75 r MMMCOMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 105615 30 3 Net collected 105615 30 4 Gross premiums on risks written and re newed during the year 576984 52 5 Total 682599 82 6 Deduct premiums and bills in course of collection at this date 116677 52 7 Entire premiums collected during the year 565922 30 8 Deduct reinsurance and return premiums 118341 23 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash f VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 6522270 losses occurring in previous years 303366 83 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1199 88 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividend 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 Loss on sale of ledger assets Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 67 447581 07 49127 60 496708 67 302166 95 40000 00 104799 94 4470 05 27950 03 837 58 480224 55 435999 00 6536 28 1444 58 1444 58COMPTROLLERGENERALS REPORT GERMAN FIRE INSURANCE COMPANY OF FREEPORT ILL C 0 Collmank President Wi Trembor Secretary Principal Office 9 11 and 13 N Galena Avenue Cliff C Hatcher Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 76700 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 2977666 20 3 Interest due on all said bond and mortgage loans 8422 10 interest accrued thereon 7420030 total 82622 40 4 Value of lands mortgaged exclusive of buildings and perishable improvements 6443100 00 5 Value of buildings mortgaged insured for 237095000 as collateral 933840 00 6 Total value of said mortgaged premises carried inside 7376940 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1667372 66 11 Total amount loaned on stocks and bonds and all other securities except mortgages 7700 00 12 Cash in companys principal offices 12468 62 13 Cash belonging to the company deposited in bank 413216 47 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks 425685 09 12584 88 232 70 548244 52 71917 28 Total assets of the company actual cash market value 5870725 73 Deduct from above assets Stock of Western Und Assn incorporated Chicago company doing some sort of business 19540000 amount premiums unpaid on policies issued more than three months 719360 202593 96 Total admitted assets 5668131 77 MHCOMPTROLLERGENERALS REPORT 69 IIILIABILITIES 1 Losses adjusted and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 87138 13 121400 74 13703 37 222242 24 9968 59 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 193750241 unearned premiums fifty per cent 968751 20 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 441616852 unearned premiums pro rata 2436336 49 212273 65 11 Total unearned premiums as computed above carried out 3405087 69 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 122003 80 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 1728766 63 24 Aggregate amount of all liabilities including capital paid up and net surplus 5668131 77 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 520681 85 2 Deduct amount of same not collected 1525 78 3 Net collected 519156 07 4 Gross premiums on risks written and re newed during the year 4210734 94 5 Total 4729891 01 6 Deduct premiums and bills in course of collection at this date 620161 80 70 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year 4109729 21 8 Deduct reinsurance and return premiums 796336 16 9 Net cash actually received for premiums carried out 3313393 05 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 2 45443 worthless notes 54400 total 123659 57 66063 49 2998 43 15 Aggregate amount of income actually received during the year in cash 3506114 54 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 17676353 losses occurring in previous years 14S0905 39 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 434309 and all amounts actually received for reinsur ances in other companies 3062248 total deductions 34965 57 3 Net amount paid during the year for losses 1445939 82 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 40000 00 6 Paid for commissions or brokerage 866873 68 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 136761 44 8 Paid for State national and local taxes in this and other States 79808 05 9 All other payments and expenditures viz Advertising printing and stationery 4328536 legal 239226 repairs and expenses on real estate 81832 furniture and fixtures and maps 685349 miscellaneous 79 94244 loss on sale or maturity of ledger assets 115 45 freight 856177 postage 1302801 premiums paid on bonds 253750 field and adj expenses 48 03404 total 205568 64 Aggregate amount of actual expenditures during the year in cash 2774951 63 Business in the State of Georgia during the year Fire risks written 2528431 00 Premiums received gross 31367 83 Losses paid 17684 88 Losses incurred 19990 69COMPTROLLERGENERALS REPORT 71 GERMAN AMERICAN FIRE INSURANCE COMPANY OP NEW YORK William N Kremer President Charles G Smith Secretary Principal Office Liberty and Nassau Sts W L Reynolds Atlanta Attorney for Service in Georgia icapital 1 Whole amount of capital stock 1500000 00 2 Amount paid up in cash 1500000 00 IIassets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 15000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 15000 00 3 Interest due and accrued on all said bond and mortgage loans 15000 4 Value of lands mortgaged exclusive of buildings and perishable improvements 10000 00 5 Value of buildings mortgaged insured for 1500000 as collateral 22000 00 6 Total value of said mortgaged premises carried inside 32000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value H62544100 12 Cash in companys principal office 15928 15 13 Cash belonging to the company deposited in bank National Bank of Commerce of New York 20621778 German American Bank of New York 15867 57 National City Bank of New York 38520 Dominion Bank Toronto Can ada 192500 New York Security and Trust Co of New York 6989282 Ti tle Guarantee and Trust Co of New York 3978589 Bank of Metropolis of New York 303014 Peoples Trust Co of Brooklyn 383210 Corn Ex change National Bank of Chicago 18 77257 AngloCalifornia Bank Limit ed of San Francico 185582 Cen tral Trust Co of San Francisco 8969 40 American National Bank of San Francisco 1586251 total 386396 80 402324 95 Total cash items1JWJ i M mmm 72 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in mar ket value uncollected 49172 50 16 Interest due and accrued on collateral loans and uncol lected 2043 76 17 Cash in hands of agents and in course of transmission 1029137 91 Total assets of the company actual cash market value 13138270 12 IIILIABILITIES 1 Losses adjusted and to become due 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 128679 00 633788 00 66193 00 828660 00 191592 75 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 379642167 unearned premiums fifty per cent 1898210 84 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 512293469 unearned premiums pro rata 2815651 20 637067 25 11 Total unearned premiums as computed above carried out 4713862 04 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 12337 95 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commisions brokerage and other charges due and to become due to agents and brokers on pre miums paid and in course of collection 18390475 return premiums 309688 reinsurance 24609387 total 433095 50 20 Total amount of all liabilities except capital and net surplus 5796362 74 21 Joint stock capital actually paid up in cash 1500000 00 23 Surplus beyond capital and all other liabilities 5841907 38 24 Aggregate amount of all liabilities including capital paid up and net surplus 13138270 12COMPTROLLERGENERALS REPORT 73 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 3 Net collected 4 Gross premiums on risks written and re newed during the year Fire Risk 927007 43 254 16 926753 27 3376717 21 5 Total 9303470 48 6 Deduct premiums and bills in course of collection at this date 1038240 88 7 Entire premiums collected during the year 8265229 60 8 Deduct reinsurance and return premiums 3050526 93 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 20000 uncollected accounts charged to profit and loss in 1903 and previous years collected in 1904 828 78 total 14 Profit on sale of stocks and bonds during 1904 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 53674160 losses occurring in previous years 4128322 93 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1677251 and all amounts actually received for reinsur ances in other companies 104003330 total deductions L056805 81 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 5214702 67 610 99 467159 56 2028 78 52139 45 5736641 45 3071517 12 375000 00 969707 82 222079 61 137471 2674 COMPTROLLERGENERALS REPORT 9 All other payments and expenditures viz Repairs on real estate 19286 advertising printing and station ery 5804106 furniture and fixtures 622730 mis cellaneous expenses 38632776 rents for companys own occupancy 3573510 total 486524 08 Aggregate amount of actual expenditures during the year in cash 5262299 89 Business in the State of Georgia during the year Fire risks written 5316805 00 Premiums received gross 86434 28 Losses paid 55963 42 Losses incurred 57617 42 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y Chas Ruykhaver Hugo Schumann President Gustav Kehr Secretanes Principal Office 624 William St New York icapital 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 650000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 326500 00 3 Interest due and accrued on all said bond and mortgage loans 7736 25 4 Value of lands mortgaged exclusive of buildings and perishable improvements 219000 00 5 Value of buildings mortgaged insured for 30750000 as collateral 345000 00 6 Total value of said mortgaged premises carried inside 564000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4696973 00 12 Cash in companys principal office 10391 66 13 Cash belonging to the company deposited in bank National Park Bank New York 7106369 GermanAmerican Bank New York 14364476 First National Bank of Illinois Chicago 61 50797 total 276216 42 Total cash items 286608 08COMPTROLLERGENERALS REPORT 75 17 Cash in hands of agents and in course of transmission 360589 73 All other assets both real and personal viz Rents due and accrued 190414 cash in hands of department managers 2550998 total 27414 12 6355821 18 Less premiums over three months due 3121 45 Total assets of the company actual cash market value 6352699 73 IIILIABILITIES 1 Losses due and unpaid 99231 65 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 109638 63 3 Losses resisted including interest costs and other expenses thereon 24150 62 4 Total gross amount of claims for losses 233020 90 5 Deduct reinsurance thereon 50053 35 6 Net amount of unpaid losses 182967 55 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 140440327 unearned premiums fifty per cent 702201 63 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 334068444 unearned premiums pro rata 1822017 54 11 Total unearned premiums as computed above carried out 2524219 17 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Unpaid commissions 6287 51 20 Total amount of all liabilities except capital stock and net surplus 2713474 23 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 2639225 50 24 Aggregate amount of all liabilities including capital paid up and net surplus 6352699 73His 7g COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 310447 66 3 Net collected 310447 66 4 Gross premiums on risks written and re newed during the year 3248342 34 5 Total 3558790 00 6 Deduct premiums and bills in course of collection at this date 360589 73 7 Entire premiums collected during the year 3198200 27 8 Deduct reinsurance and return premiums 783923 06 9 Net cash actually received for premiums carried out 2414277 21 10 Received for interest on bonds and mortgages 17062 11 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 199533 69 12 Income received from all other sources omitting in crease if any in value of securities viz Profit and loss account items 10635 81 15 Aggregate amount of income actually received during the year in cash 2641508 82 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 14496973 losses occurring in previous years 1523398 14 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 790038 and all amounts actually received for reinsur ances in other companies 21388328 total deductions 221783 66 3 Net amount paid during the year for losses 1301614 48 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 200000 00 6 Paid for commissions or brokerage 502213 71 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 172530 97 8 Paid for State national and local taxes in this and other States 63966 55 9 All other payments and expenditures viz Advertising agency and office expenses board expenses fire patrol postage printing and stationery surveys legal and traveling expenses rents 129154 92 Aggregate amount of actual expenditures during the year in cash 2369480 63 COMPTROLLERGENERALS REPORT 77 Business in the State of Georgia during the year 3382820 00 Fire risks written Premiums received gross ZZ r 8892 45 Lossespaid Q Losses incurred GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y J L Cunningham President R A Little Secretary Principal Office Corner Bay and Glen Streets ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cashI 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first Hens on the fee simple 3 Interest due on all said bond and mortgage loans 1334 96 interest accrued thereon 68864 total 9 Total par and market value of stocks and bonds owned absolutely by the company 2472255 00 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 12 Cash in companys principal offices Glens Falls and Chicago 13 Cash belonging to the company deposited 50750 23 775507 37 2023 60 3700 00 in bank 728579 96 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 18 Bills receivable not matured taken for real estate sold Less contingent depreciation on mortgage loans Total assets of the company actual cash market 731095 40 8127 25 151837 40 800 00 4196096 25 20000 00 value HILIABILITIES 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 4176096 25 84488 53 10455 0078 COMPTROLLERGENERALS REPORT 4 Total gross amount of claims for losses 94943 53 5 Deduct reinsurance thereon 17413 93 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 70397938 unearned premiums fifty per cent 351989 69 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 194400663 unearned premiums pro rata 1034453 77 77529 60 11 Total unearned premiums as computed above carried out 1386443 46 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 3500 00 20 Total amount of all liabilities except capital stock and net surplus 1467473 06 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 2508623 19 24 Aggregate amount of all liabilities including capital paid up and net surplus 4176096 25 IVINCOME DURING THE YEAB Fire Risks 4 Gross premiums on risks written and re newed during the year 1825041 93 8 Deduct reinsurance and return premiums 455685 5S 9 Net cash actually received for premiums carried out 1369356 35 10 Received for interest on bonds and mortgages 45236 56 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 145742 80 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 3 48263 from profit and loss 4565161 total 49134 24 15 Aggregate amount of income actually received during the year in cash 1609469 95 VEXPENDITUBES DUBING THE YEAB 1ire Risks 1 Gross amount actually paid for losses including 4940500 losses occurring in previous years 974297 97COMPTROLLERGENERALS REPORT 79 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 160090 and all amounts actually received for reinsur ances in other companies 16424720 total deductions 165848 10 3 Net amount paid during the year for losses 808449 87 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 307201 95 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 88850 01 8 Paid for State national and local taxes in this and other States 61318 15 9 All other payments and expenditures viz Stationery traveling advertising etc 101461 31 Aggregate amount of actual expenditures during the year in cash 1487281 29 Business in the State of Georgia during the year Fire risks written 3820224 00 Premiums received gross 44048 95 j 28948 53 Losses paid Losses incurred 30327 73 HAMBURGBREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY I Witt President S V Dorkien Managing Director Principal Office in the United States 19 Liberty St New York City W F Pattillo Atlanta Attorney for Service in Georgia tCAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 3 Amount in notes of the stockholders 1750000 00 525000 00 1225000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1737258 75 13 Cash belonging to the company deposited in bank Bank of America New York City 8404591 Metropolitan 8q COMPTROLLERGENERALS REPORT Trust Company of the City of New York 5500000 total cash items 139045 91 17 Cash in hands of agents and in course of transmission 132633 95 Total assets of the company actual cash market value 2008938 61 inLIABILITIES Losses due and unpaid 6810 00 Gross losses in process of adjustment or in suspense including all reported and supposed losses 91860 00 Losses resisted including interest costs and other expenses thereon 123175 00 6 Net amount of unpaid losses 221845 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 134987847 unearned premiums fifty per cent 674939 24 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 133863673 unearned premiums pro rata 708398 32 11 Total unearned premiums as computed above carried out 1383337 56 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due agents 203 62 20 Total amount of all liabilities except net surplus 1605386 18 23 Surplus beyond capital and all other liabilities 403552 43 24 Aggregate amount of all liabilities including capital paid up and net surplus 2008938 61 IVINCOME DURING THE YEAB Fire Risks 4 Gross premiums on risks written and re newed during the year 2203423 03 8 Deduct reinsurance and return premiums 396655 28 9 Net cash actually received for premiums carried out 1806767 75 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 60915 36 SCOMPTROLLERGENERALS REPORT 81 12 Income received from all other sources omitting in crease if any in value of securities viz Discounts 14 Amount of remittances from home office during the year 105045 00 2932 82 15 Aggregate amount of income actually received during the year in cash 1870615 93 VEXPENDITUBES DUBING THE YEAB Fire Elsks 1 Gross amount actually paid for losses including 6797654 losses occurring in previous years 1091158 89 2 Deduct all amounts actually received for salvages whether on losses of the last or of the previous year 438516 all amounts actually received for reinsur ance in other companies 5749003 to tal deductions 61875 19 3 Net amount paid during the year for losses 1029283 70 6 Paid for commissions or brokerage 378701 51 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 142879 48 8 Paid for State national and local taxes in this and other States 45246 95 9 All other payments and expenditures viz Rent board and patrol expenses printing advertising stationery postage traveling expenses etc 110812 86 10 Amount sent to home offices during the year 128160 01 Aggregate amount of actual expenditures during the year in cash 1706924 50 Business in the State of Georgia during the year Fire risks written 1548234 00 Premiums received gross 27370 51 Losses paid 9823 03 Losses incurred 9698 03 6 inHHIHHHHi 82 COMPTROLLERGENERALS REPORT HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y Charles A Shaw President Joseph McCoed Secretary Principal Office 34 Pine Street New York City F A McCakboll Atlanta Attorney for Service in Georgia icapital 1 Whole amount of capital stock 2 Amount paid up in cash 1000000 00 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 2500 00 5 Value of buildings mortgaged insured for 350000 as collateral 5000 00 6 Total value of said mortgaged premises carried inside 7500 00 9 Total par and market value of stocks and bonds owned absolutely by the company 12 Cash in companys principal office 7199 97 13 Cash belonging to the company deposited in bank Bank of America 3508801 German American Bank 2013273 Central Trust Company 4792167 Guarantee Trust and Safe Deposit Company of Philadelphia Pa 20000 total 103342 41 I Total cash items 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 Reinsur ance on losses already paid 835695 24 3500 00 14 58 2749330 50 110542 38 20533 66 345584 15 14601 01 Total assets of the company actual cash market value 4079801 52 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 2S1760 S6COMPTROLLERGENERALS REPORT 83 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 fire risks running more than one year from date of policy 182036285 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 212503634 unearned premiums pro rata Gross premiums on 188824 excess of original premiums over amount re ceived for reinsurance 27374 73 309135 59 38156 18 10 910181 42 1134180 74 762 69 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Contingent liability or fund 270979 41 2045124 85 23928 30 45000 00 20 Total amount of all liabilities except capital stock and net surplus 2385032 56 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 694768 96 24 Aggregate amount of all liabilities including capital paid up and net surplus 4079801 52 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 401422 80 3 Net collected 401422 80 4 Gross premiums on risks written and re newed during the year 3945372 68 5 Total 4346795 48 6 Deduct premiums and bills in course of collection at this date 423920 00Hi 84 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year 3922875 48 8 Deduct reinsurance and return premiums 1259803 92 9 Net cash actually received for premiums carried out 2663071 56 10 Received for interest on bonds and mortgages 175 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 110267 34 12 Income received from all other sources omitting in crase if any in value of securities viz Rents 20 66076 profit on sale of ledger assets over book value 5895951 total 79620 27 15 Aggregate amount of income actually received during the year in cash 2853134 17 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 29851121 losses occur ring in previous years 2126833 34 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 441334 and all amounts actually received for reinsur ance in other companies 32794800 total deductions 332361 62 3 Net amount paid during the year for losses 1794471 72 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 90000 00 6 Paid for commissions or brokerage 518790 09 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 224130 52 8 Paid for State national and local taxes in this and other States 79408 92 9 All other payments and expenditures viz Rentals and repairs of real estate 2329610 fire department 12 74773 stationery and supplies 2427669 legal ex penses 446402 agents balances to P L 3497 98 miscellaneous 18241734 total 250699 86 Aggregate amount of actual expenditures during the year in cash 2957501 11 Business in the State of Georgia during the year Fire risks written 3505206 30 Premiums received gross 45839 72 Losses paid 19622 80 Losses incurred 22188 45 COMPTROLLERGENERALS REPORT 85 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN George L Chase President P C Royce Secretary Principal Office 53 Trumbull Street Thos Egleston Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 1250000 00 2 Amount paid up in cash 1250000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 946500 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 696794 00 3 Interest due on all mortgage loans 354750 interest accrued thereon 653780 total 10085 30 9 Total par and market value of stocks and bonds owned absolutely by the company 10780796 05 11 Total amount loaned on stocks bonds and all other se curities except mortgages 4800 00 12 Cash in companys principal office 30848 66 13 Cash belonging to the company deposited in bank 636709 67 Total cash items 667558 33 16 Interest due and accrued on collateral loans and uncol lected 47 72 17 Cash in hands of agents and in course of transmission 1233732 10 All other assets both real and personal viz Rents due and accrued 148885 due from other companies for reinsurance on losses already paid 2640440 gross uncollected premiums not more than three months due not deducted to authorized agents 1236 65000 printing plant 2762659 total 1292169 84 Total assets of the company actual cash market value 15632483 34 IIILIABILITIES 1 Losses not yet due 294118 08 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 580260 84 3 Losses resisted including interest costs and other expenses thereon 74389 12 6 Net amount of unpaid losses 948768 04 86 COMPTROLLERGENERALS 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 864005328 unearned premiums fifty per cent 4320026 64 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 882906806 unearned premiums pro rata 4675658 86 9 Excess of original premiums over amount received for reinsurance 4365267 15205 09 11 Total unearned premiums as computed above carried out 9010890 59 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage etc 18500284 return premiums 21157320 total 396576 04 20 Total amount of all liabilities except capital stock and net surplus 10356234 67 21 Joint stock capital actually paid up in cash 1250000 00 23 Surplus beyond capital and all other liabilities 4026248 67 24 Aggregate amount of all liabilities including capital paid up and net surplus 15632483 34 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 14549405 06 8 Deduct reinsurance and return premiums 2672421 41 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 22 38176 profit and loss 2236520 received from re insuring companies under treaty 772856 total 11876983 65 32224 29 438788 43 52475 52 15 Aggregate amount of income actually received during the year in cash 12400471 89COMPTROLLERGENERALS REPORT 87 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 88466199 losses occur ing in previous years 7622303 79 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years and all amounts actually received for reinsurance in other companies 369374 66 3 Net amount paid during the year for losses 7252929 13 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 507325 00 6 Paid for commissions or brokerage 2121301 50 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 penses 79020101 profit and loss 737488 total 742491 87 263573 37 797575 89 Aggregate amount of actual expenditures during the year in cash 11685196 76 Business in the State of Georgia during the year Fire risks written 15834232 00 Premiums received gross 245453 07 Losses paid 112334 66 Losses incurred 118160 60 THE HOME INSURANCE COMPANY OP NEW YORK N Y A M Burtis Eldridge G Snow President w H Chbney t C W Phillips Atlanta Attorney for Service in Georgia Secretaries iCAPITAL 1 Whole amount of capital stock 3000000 00 2 Amount paid up in cash 3000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1593892 06 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 81700 00 3 Interest due on all said bond and mortgage loans 2700 interest accrued thereon 168150 total 1708 50IMHIHMIMI lS iS85SSoiSS COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of buildings and perishable improvements 101300 00 5 Value of buildings mortgaged insured for 8136600 as collateral 89200 00 6 Total value of said mortgaged premises carried inside 190500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 15600260 00 13 Cash belonging to the company deposited in bank 1042689 43 17 Cash in hands of agents and in course of transmission 1096802 41 18 Bills receivable not matured taken for fire marine and inland risks 277 13 Total assets of the company actual cash market value 19417329 53 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 1611401 13 3 Losses resisted including interest costs and other expenses thereon 61526 85 4 Total gross amount of claims for losses 1672927 98 5 Deduct reinsurance thereon 696756 49 6 Net amount of unpaid losses 976171 49 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 569283100 unearned premiums fifty per cent 2846416 00 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 793926900 unearned premiums pro rata 4164485 00 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 27711800 138559 00 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 61106 00 11 Total unearned premiums as computed above carried out 7210566 00COMPTROLLERGENERALS REPORT 89 17 Reserve for taxes 75000 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions and brokerage 8421766 reinsurance premiums 69505315 total 779270 81 20 Total amount of all liabilities except capital stock and net surplus 9041008 30 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liabilities 7376321 23 24 Aggregate amount of all liabilities including capital paid up and net surplus 19417329 53 TO BE ANSWERED BY COMPANIES DOING AN INSTALLMENT BUSINESS 1 Amount of unearned premiums repre sented by installment notesbeing the the whole amount of such notes 1298759 25 IVINCOME DUBING THE YEAR Marine and Fire Risks Inland Risks Is Gross premiums and bills in course of collection at close of last previous year 294329 30 144174 05 3 Net collected 294329 30 144174 05 4 Gross premiums on risks written and renewed during the year 12365280 45 538322 72 5 Total 12659609 75 682496 77 6 Deduct premiums and bills in course of collection at this date 290631 46 164256 45 7 Entire premiums collected during the year 12368978 29 518240 32 8 Deduct reinsurance and return premiums 4140897 11 271604 41 9 Net cash actually received for premiums carried out 8228081 18 246635 91 8474717 09 10 Received for interest on bonds and mortgages 5138 64 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 571932 87 90 COMPTROLLERGENERALS REPORT 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 173 37525 profit on sale or maturity of assets 9019560 profit and loss 402306 total 267593 91 15 Aggregate amount of income actually received during the year in cash 9319382 51 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses includ ing 137708784 losses occurring in previous years 2 Deduct all amounts actu ally received for sal vages whether on losses of the last or of previ ous year 5665894 and all amounts actual ly received for reinsur ance in other compa nies 274682929 total deductions Fire Risks 7715288 18 Marine and Inland Risks 404703 29 2573301 31 230186 92 3 Net amount paid during the year for losses 5141986 87 174516 37 5316503 24 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 420000 00 6 Paid for commissions or brokerage 1504387 24 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 483404 84 8 Paid for State national anl local taxes in this and other States 226702 03 9 All other payments and expenditures 731459 35 Aggregate amount of actual expenditures during the year in cash 8682456 70 Business in the State of Georgia during the year Fire risks written 14197471 00 Premiums received gross 184606 72 Losses paid 110183 79 Losses incurred 99428 18COMPTROLLERGENERALS REPORT 91 INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA PA Charles Platt President Gbeviixe E Fryer Secretary Principal Office 232 Walnut Street Philadelphia Pa Edward S Gay Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paidup in cash I 3000000 00 Amount of ledger assets as per balance December 31 of previous year 11055197 13 Extended at 11055197 13 IIINCOME Fire Risks 1 Gross premiums 6753403 16 2 Deduct reinsurance re bate abatement and re turn premiums 1396573 08 Marine and Inland Risks 2229147 54 409731 86 9 10 11 12 Total premiums other than perpetuals 5356830 08 1819415 68 Deposit premiums written on perpetual risks gross 7176245 76 19388 22 Interest on mortgage loans Interest on collateral loans Interest on bonds and dividends on stocks Interest from all other sources Gross rents from companys property in cluding 1000000 for companys own ocupancy 45662 17681 309076 15624 72 11 20 68 32103 66 Total interest and rents Profit on sale or maturity of ledger assets From all other sources Perpetual permits transfer fees and earned deposits f286655 dividends from bad debts previously charged off etc 23701 420148 37 32718 33 3103 56 13 Total income 7651604 24 IIIDISBURSEMENTS Marine and Fire Risks Inland Risks 1 Gross amount paid for l0SSes 3665578 18 1332107 19 2 Deduct amount received for salvage 15717365 and for reinsurance in other companies 507 04904 380653 17 283569 52 3 Net amount paid for losses 3284925 01 1048537 67 4333462 68SME I 92 COMPTROLLERGENERALS REPORT 10 11 12 13 14 15 Deposit premiums returned Paid stockholders for interest or dividends amount de clared during the year 36000000 Commissions or brokerage Salaries fees and all other charges of officers clerks agents and other employees Rents including 1000000 for companys own occu pancy Repairs and expenses other than taxes on real estate Taxes on real estate All other taxes licenses and insurance department fees Loss on sale or maturity of ledger assets All other disbursements advertising printing and sta tionery 4687257 legal expenses 804080 miscel laneous 22686635 reduction in book value of sun dry investments 336826 bad debts charged off 66298 33983 14 359937 00 1437517 35 446918 93 30463 91 9271 87 7855 05 155042 33 18575 48 2S5810 96 16 1 2 3 4 5 6 7 8 10 11 12 19 20 21 25 Total disbursements 7118838 70 IVLEDGER ASSETS Book value of real estate unincumbered 544783 10 Mortgage loans on real estate first liens 78837604 other than first 290000 791276 04 Loans secured by pledge of bonds stocks or other col lateral 87600 00 Book value of bonds excluding interest 726148932 and stocks 45770000 7719189 32 Cash in companys office 150756 deposited in bank 123605814 1237565 70 Agents balances representing business written subse quent to October 1 1904 1121400 52 Agents balances representing business written prior to October 1 1904 26428 07 Bills receivable not matured taken for marine and in land risks 34722 82 Other ledger assets viz Book accounts due company 24997 10 Total ledger accounts 11587962 67 NONLEDGER ASSETS Interest due 127543 and accrued 473632 on mort gages 601175 Market value of bonds and stocks over book value 396197 28 Other nonledger assets viz Reinsurance claims on losses paid marine 16989 96 Gross assets 12007161 66 DEDUCT ASSETS NOT ADMITTED Agents balances representing business written prior to October 1 1904 26428 07 30 Total admitted assets 11980733 59 COMPTROLLERGENERALS REPORT 93 VLIABILITIES 1 Gross losses adjusted and unpaid due and to be come due 2 Gross claims for losses in process of adjustment or in suspense including all reported and sup posed losses 3 Gross claims for losses re sisted 4 Total 5 Deduct reinsurance due or accrued 3290000 and salvage claims 64900 Fire Risks 133106 81 321118 33 38674 86 Marine and Inland Risks 460100 00 492900 00 460100 00 32900 00 64900 00 6 Net amount of unpaid losses and claims 460000 00 7 Gross premiums less reinsurance re ceived and recivable upon all unex pired fire risks running one year or less from date of policy 363891552 unearned premiums 50 per cent 1819457 76 8 Gross premiums received or receivable upon all unexpired fire risks running more than one year from date of policy 461355329 unearned premiums pro rata 2412732 50 9 Gross premiums cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks unearned premiums 100 per cent 369959 00 395200 00 855200 00 12 Total unearned premiums as computed above 4602149 26 13 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the pre mium or deposit received 757357 13 18 Cash aividends remaining unpaid to stockholders 106 20 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 109 32 20 Commissions brokerage and other charges due or to be come due to agents and brokers 50000 00 21 Reinsurance premiums 13073 38 24 Total amount of all liabilities except capital 6277995 29 94 25 26 27 28 COMPTROLLERGENERALS REPORT Cash capital actually paid up in cash 3000000 00 Surplus over all liabilities 2702738 30 Total liabilities 11980733 59 Business in the State of Georgia during the year FiieRiks Risks written 6228719 00 Premiums received 128242 48 Losses paid 75316 70 Losses incurred 84159 46 Marine and Inland Risks Aggregate 22298756 00 78526975 00 99802 22 228044 70 18549 56 93866 26 18949 56 103109 02 LAW UNION AND CROWN INSURANCE COMPANY OF LONDON ENG Hall Hesshaiv United States Managers Principal Office in United States 35 Pine Street New York W D Deane Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock statutory deposits IIASSETS 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 Union Trust Company New York 2242083 First national Bank San Francisco 1073659 total 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission agents balances Total assets of the company actual cash market value 200000 00 776107 50 33157 42 8807 40 71386 51 889458 83 IIILIABILITIES 1 Losses due and unpaid 9432 56 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 38914 73 3 Losses resisted including interest costs and other expenses thereon 8481 25COMPTROLLERGENERALS REPORT 95 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 56828 54 448500 6 Net amount of unpaid losses 52343 54 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 33596362 unearned premiums fifty per cent 167981 81 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 17623297 unearned premiums pro rata 101044 21 11 Total unearned premiums as computed above carried out 269026 02 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 29000 reinsurance 1011648 total 10406 48 20 Total amount of liabilities except net surplus 331766 04 23 Surplus beyond capital and all other liabilities 557682 79 24 Aggregate amount of all liabilities including net surplus 889458 83 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 631640 15 8 Deduct reinsurance and return premiums 219255 00 9 Net cash actually received for premiums carried out 4123S5 15 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 27502 99 12 Income received from all other sources omitting in crease if any in value of securities viz Profit on sale railroad stock 7887 00 14 Amount of remittances from home office during the year 107675 00 15 Aggregate amount of income actually received during the year in cash 555450 14 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 2135000 losses occurring in previous years 366169 32 96 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salvages wiether on losses of the last or of previous year 53134 and all amounts actually received for reinsur ances in other companies 3753587 total deductions 38067 21 3 Net amount paid during the year for losses 328102 11 6 Paid for commissions or brokerage 102475 69 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 13940 01 8 Paid for State national and local taxes in this and other States 10668 81 9 All other payments and expenditures viz Rent 1249 92 advertising printing and stationery traveling boards postage maps expressage office expenses 17 28004 total 18529 96 10 Amount sent to home offices during the year 58950 54 Aggregate amount of actual expenditures during the year in cash 532667 12 Business in the State of Georgia during the year Fire risks written 408658 00 Premiums received gross 3097 40 Losses paid 54 51 Losses incurred 60 77 LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF LIVERPOOL ENGLAND Henry W Eaton Resident Manager New Nork Principal Office in the United States 45 William Street New York City Ben H Abrams Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of statutory de posit 200000 00 Amount of ledger assets as per balance December 31 of previous year 11918625 59 Extended at 11918625 59 IIINCOME a Fire Risks 1 Gross premiums written or renewed dur ing the year 11066339 58 2 Deduct reinsurance rebate abatement and return premiums 4092171 28 3 Total premiums other than perpetuals 6974168 30COMPTROLLERGENERALS REPORT 97 4 Deposit premiums written on perpetual risks gross 9154 11 5 Interest on mortgage loans 100739 78 7 Interest on bonds and dividends on stocks 140250 00 8 Interest from all other sources 14136 18 9 Gross rents from companys property in cluding 3864000 for companys own ocupancy 97974 27 10 Total interests and rents 413100 23 12 Prom all other sources Life income 139136 received from home office 41790145 419292 81 13 Total income 7815715 45 IIIDISBURSEMENTS Fire Risks 1 Gross amount paid for losses including 85305594 occurring in previous years 6761450 50 2 Deduct amount received for salvage 51 36353 and for reinsurance in other companies 178182870 1833192 23 3 Net amount paid for losses 4928258 27 4 Deposit premiums returned 15838 74 8 Commissions or brokerage 1332859 66 9 Salaries fees and all other charges of officers clerks agents and other employees 390980 67 10 Rents including 3864000 for companys own occupancy 58710 20 12 Taxes on real estate 31637 17 13 All other taxes licenses and insurance department fees 193393 76 14 Loss on sale or maturity of ledger assets 1384327 life expenditure 6013 remitted to home office 485288 50 total 499191 90 15 All other disbursements Advertising 3783576 print ing and stationery 3201762 legal expenses 3976 47 office furniture 344549 fire departments 3 86284 boards of underwriters 8941154 surveys 6793641 traveling 5948021 postage express and telegrams 3512777 office expenses 4696073 total 380054 84 16 Total disbursements 7830925 21 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 344737988 and stocks 61515294 5 Cash in companys offices 402770 de posited in bank Hanover National Bank New York 12296916 New 1849576 31 3318450 00 4062532 82 v 93 COMPTROLLERGENERALS REPORT York Life Insurance Trust Co New York 43000000 United States Trust Co New York 43000000 Union Trust Co New York 10000000 Far mers Loan and Trust Co New York 10000000 First National Bank Chi cago 10647931 London San Fran cisco Bank San Francisco 3854889 Commercial National Bank New Or leans 7889 Germahia National Bank New Orleans 177349 American Ex change National Bank New York 1 18550 Equitable Trust Co New York 70148 total 1331736 72 6 Agents balances representing business written subsequent to October 1 1904 1315120 00 7 Agents balances representing business written prior to October 1 1904 21972 28 11 Total ledger assets 11903415 83 NONLEDGER ASSETS 12 Interest accrued on mortgages 38185 87 15 Interest accrued on other assets 188 90 16 Rents due 14080 and accrued 10000 on companys property or lease 10140 80 17 Total 48515 57 18 Market value of real estate over bock value 7673 38 19 Market value of bonds and stocks over book value 169758 43 20 Other nonledger assets viz Perpetual policy premiums 7 50 21 Gross assets 12129370 71 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 21972 28 9 Total admitted assets 12107398 43 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 623 10 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 1014450 IS 3 Gross claims for losses resisted 87790 00 4 Total 1102863 2S 5 Deduct reinsurance due or accrued 486670 06COMPTROLLERGENERALS REPORT 99 6 Net amount of unpaid losses and claims 616193 22 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual Are risks 528555876 unearned premiums fif ty per cent 2642779 38 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 577257705 unearned premiums pro rata 3124895 88 12 Total unearned premiums as computed above 5767675 26 13 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received 269754 66 14 Net premium reserve and all other liabilities except cap ital under the life insurance or any other special de partment 59720 76 21 Return premiums 7022455 reinsurance premiums 23493802 305162 57 23 All other liabilities viz Reserve for liabilities contin gent but not apparent 20000 00 24 Total amount of all liabilities except capital 7038506 47 27 Surplus as regards policyholders 5068891 96 28 Total liabilities 12107398 43 Business in the State of Georgia during the year Fire Risks written 15549062 00 Premiums received 229965 26 Losses paid 105487 97 Losses incurred 97610 40 LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF NEW YORK N Y Henry W Eaton President George W Hoyt Secretary Home Office 45 William Street New York City B H Abrams Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 Amount of ledger assets as per balance December 31 of previous year 530261 02 Extended at 530261 02 100 COMPTROLLERGENERALS REPORT IIINCOME Fire Risks 1 Gross premiums written or renewed dur ing the year 415832 57 2 Deduct reinsurance rebate abatement and return premiums 211997 90 3 Total premiums other than perpetuals 7 Interest on bonds and dividends on stocks 15400 00 8 Interest from all other sources 941 88 10 Total interest 13 Total income IIIDISBUKSEMEXTS Fire Risks 1 Gross amount paid for losses including 2219206 occurring in previous years 137348 G3 2 Deduct amount received for salvage f64040 and for reinsurance in other companies 3371781 34358 21 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 13 All other taxes licenses and insurance department fees 15 All other disbursements Advertising 49861 printing and stationery 60621 board of underwriters 1411 12 fire departments 88278 surveys 88155 of fice expenses etc 8907 postage expenses and tele grams 93894 traveling 10425 legal expenses 91 12 total 203834 67 16341 SS 220176 5 102990 42 10000 00 37235 02 407S 7 5 7353 97 5503 16 Total disbursements 167761 SI IVLEDGER ASSETS Book value of bonds excluding interest 34645473 and stocks 13468750 481142 23 Cash deposited in bank Hanover Na tional Bank New York 1705466 United States Trust Co 2500000 42054 66 Agents balances representing business written subsequent to October 1 1904 59337 09 Agents balances representing business written prior to October 1 1904 net 141 78 21 Gross assets 582675 76COMPTROLLERGENERALS REPORT 101 4 DEDUCT ASSETS XOT ADMITTED Agents balances representing business written prior to October 1 1904 net 141 78 Depreciation from book value of ledger assets to bring same to market value 10548 48 8 Total 10690 26 9 Total admitted assets 571985 50 VLIABILITIES 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 23100 00 5 Deduct reinsurance due or accrued 6429 00 6 Net amount of unpaid losses and claims 10071 00 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual Are risks 16294770 unearned premiums fifty percent 81473 85 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 11867931 unearned premiums pro rata 64274 04 12 Total unearned premiums as computed above 145747 89 21 Return premiums 250000 reinsurance premiums 5 00000 750000 23 All other liabilities viz Reserve for contingent com mission 400000 taxes salaries and all other liabil ities 1000000 14000 00 24 Total amount of all liabilities except capital 183918 89 25 Capital actually paid up in cash 200000 00 26 Surplus over all liabilities 188066 61 27 Surplus as regards policyholders 388066 61 28 Total liabilities 571985 50 Business in the State of Georgia during the year Fire 1229227 00 Risks written 20 314 58 Premiums received Lossespaid Losses incurred 102 COMPTROLLERGENERALS REPORT LONDON ASSURANCE CORPORATION OP LONDON ENGLAND Chables L Case United States Manager Principal Office 44 Pine Street New York N Y W F Manby Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital deposit 610000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2331960 63 12 Cash in companys principal office 1624 79 13 Cash belonging to the company deposited in bank 223429 89 Total cash items 225054 68 15 Interest due and accrued on bonds not included in mar ket value uncollected 5 733 34 16 Gross premiums in course of collection not more than three months due 327968 07 All other assets both real and personal 267 07 Gross premiums in course of collection more than three months due 12867 73 Total assets of the company actual cash market value 2891033 79 IIILIABILITIES 1 Losses unpaid not yet due 26846 78 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 180595 82 3 Losses resisted including interest costs and other expenses thereon 11402 00 4 Total gross amount of claims for losses 218844 60 5 Deduct reinsurance thereon 31859 16 6 Net amount of unpaid losses 186985 44 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 107335964 unearned premiums fifty per cent 536679 82COMPTROLLERGENERALS REPORT 103 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 135915446 unearned premiums pro rata 728189 10 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation risks 17762 44 unearned premiums 50 per cent 8881 22 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 100 per cent 32293 68 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 Commission 5577984 return premi ums 3470 reinsurance premiums 3190158 1306043 82 923 34 87716 12 20 Total amount of all liabilities except net surplus 1588668 72 23 Surplus beyond capital and all other liabilities 1302365 07 24 Aggregate amount of all liabilities including capital paid up and net surplus 2891033 79 IVINCOME DURING THE YEAE Marine and Fire Riks Inland Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 25022144 80570 05 3 Net collected 250221 44 80570 05 4 Gross premiums on risks written and renewed during the year 2071346 20 881181 80 5 Total 2321567 64 96175185 6 Deduct premiums and bills in course of collection at this date 256880 22 83955 58F HSagS a 104 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year 2064687 42 877796 27 8 Deduct reinsurance and re turn premiums 503941 20 543548 79 9 Net cash actually received for premiums carried out 156746 22 334247 48 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 14 Remittances from home office during the year 152428 91 15 Aggregate amount of income actually received during the year in cash 1 Gross amount actually paid for losses includ ing 12790200 losses occurring in previous years 2 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 5661854 and all amounts actually re ceived for reinsurance in other companies 235098S4 total deduc tions VEXPENDITURES DURING THE TEAK Fire Risks Marine and Inland Risks 974340 74 323524 98 96172 59 195544 79 year 402604 73 Aggregate amount of actual expenditures during the year in cash 1894993 70 96972 42 1991966 12 3 Net amount paid during the year for losses 878168 15 127980 19 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 15 14807 advertising 310942 printing and station ery 860822 postage telegrams and express 13 62290 traveling 2209255 maps 506120 miscel laneous 3029232 total 10 Amount sent to home office during the 1006148 34 376951 92 122634 43 49279 30 98434 6S 1653448 66COMPTROLLERGENERALS REPORT 105 Business in the State of Georgia during the year Fire Risks Risks written 970832 00 Premiums received gross 16774 21 Losses paid 5267 96 Losses incurred 8066 96 Marine and Inland Risk 591638 00 1423 68 Aggregate 1562470 00 18197 89 5267 96 8066 96 LONDON LANCASHIRE FIRE INSURANCE CO OF LIVERPOOL ENGLAND Archibald G McIlwaine Jr Manager United States Principal Office 5759 William Street New York City IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 9 Total par and market value of stocks and bonds owned absolutely by the company 12 Cash in companys principal offices 30307 22 13 Cash belonging to the company deposited in bank 187235 14 15 17 18 Cash in hands of United States trustee Interest due and accrued on stocks not included in mar ket value uncollected Cash in hands of agents and in course of transmission 45144480 less commissions 9057953 Bills receivable not matured taken for fire marine and inland risks All other assets bothreal and personal viz Rents due and accrued 155674 due from other companies for reinsurance on losses already paid 538461 Balance due from other companies 3066331 less 1641 not admitted Premiums over three months due 8700 24 300000 00 2030100 08 217542 36 102500 00 29056 25 360865 27 2138 60 6941 35 30646 90 Total assets of the company actual cash market value 3079850 81 IIILIABILITIES 1 Losses due and unpaid 15910 68 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 155880 03 106 COMPTROLLERGENERALS REPORT Losses resisted including interest costs and other expenses thereon 19722 22 4 Total gross amount of claims for losses 191512 93 5 Deduct reinsurance thereon 39809 78 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 146138104 unearned premiums 50 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 202075032 unearned premiums pro rata 151703 15 730690 47 1094012 97 11 Total unearned premiums as computed above carried out 1824703 44 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Unpaid return premiums 232529 un paid reinsurance 5454971 total 5687500 less com misions 943110 47443 90 20 Total amount of all liabilities except net surplus 2023850 49 23 Surplus beyond capital and all other liabilities 1056000 32 24 Aggregate amount of all liabilities including capital paid up and net surplus 3079850 SI IVINCOME DUBIKG THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 375139 27 3 Net collected 375139 27 4 Gross premiums on risks written and re newed during the year 3130705 89 5 Total 3505845 16 6 Deduct premiums and bills in course of collection at this date 462283 64 7 Entire premiums collected during the year Cash 304123471 notes 2326 81 3043561 52 8 Deduct reinsurance and return premiums 956978 43COMPTROLLERGENERALS REPORT 107 9 Net cash actually received for premiums carried out 2086583 09 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 84723 00 12 Income received from all other sources omitting in crease if any in value of securities 1989 64 15 Aggregate amount of income actually received during the year in cash 2173295 73 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 11480007 losses occur ring in previous years 1533654 20 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 2781925 and all amounts actually received for rein surances in other companies 253195 65 total deductions 281014 90 3 Net amount paid during the year for losses 1252639 30 6 Paid for commissions or brokerage 399525 64 7 Paid for salaries fees and other charges of officers agents and all other employees 141875 51 8 Paid for State national and local taxes in this and other States 59312 09 9 All other payments and expenditures viz Rents 22 57554 advertising printing and stationery 18086 64 furniture and fixtures 173251 postage tele grams and exchange 1561041 boards maps and surveys 3948914 miscellaneous 2995873 127452 97 10 Amount sent to home office during the ypoti P ooZO OO Aggregate amount of actual expenditures during the year in cash 1980805 51 Business in the State of Georgia during the year Fire risks written 3370123 00 Premiums received gross 44211 T 26169 87 Losses paid Losses incurred 26658 87HSK1Bm55S553 m MM 108 COMPTROLLERGENERALS REPORT LUMBER MUTUAL FIRE INSURANCE CO OP BOSTON MASS William C Johnson President Harry E Stone Secretary Principal Office 53 State Street Boston Mass F Wade Vaughax Atlanta Attorney for Service in Georgia iiassets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 9 Total par and market value of bonds owned absolutely by the company 12 Cash in companys principal office 192 04 13 Cash belonging to the company deposited in banks 100907 38 Total 17 Balance representing business written subsequent to October 1 1904 All other assets both real and personal viz Personal notes 10000 accounts receivable 500000 1400 00 72500 00 101099 42 13957 19 15000 00 Total assets of the company actual cash market value 203956 61 IIILIABILITIES 1 Losses unpaid adjusted but not due 1907 95 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 6750 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and re ceivable upon all unexpired Are risks running one year or less from date of policy 15350420 unearned pre miums fifty per cent 19 All other demands against the company absolute and contingent due and to become due admitted1 and con tested viz Due for inspection 8657 95 76752 10 2018 86 20 Total amount of all liabilities except net surplus 87428 91 23 Surplus beyond capital and all other liabilities 116527 70 24 Aggregate amount of all liabilities including capital paid up and net surplus 203956 61COMPTROLLERGENERALS REPORT 109 IVINCOME DURING THE YEAB Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 7 Entire premiums collected during the year Deduct reinsurance and return premiums 2063193 rebate 34322 8322 40 60 93 3 Net collected 826147 4 Gross premiums on risks written and re newed during the year 177486 99 5 Total 185748 46 6 Deduct premiums and bills in course of collection at this date 13957 19 171791 27 20974 15 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 12 Income received from all other sources omitting in crease if any in value of securities viz Old ac counts 4758 office furniture 800 discount on losses 40909 total 150817 12 5773 98 464 67 15 Aggregate amount of income actually received during the year in cash 157055 77 VEXPENDITURES DURING THE YEAR Fire Kieks 1 Gross amount actually paid for losses including 90263 losses occurring in previous years 38468 28 3 Net amount paid during the year for losses 4 Cash dividends actually paid policyholders amount of stockholders dividends declared during the year 6 Paid for inspections 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 on bonds purchased 61613 adjusting 44322 express postage and telegraph 42604 office expenses 454 38468 28 35020 00 4094 05 9870 00 2035 51Hi i X 110 COMPTROLLERGENERALS REPORT 20 printing and advertising 162398 surveys and maps 248013 rent 120000 loss on bonds pur chased to make par value 103750 total 8281 20 Aggregate amount of actual expenditures during the year in cash 97769 04 Business in the State of Georgia during the year Fire risks written 51783 34 Premiums received gross 3349 40 MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE RHODE ISLAND Henby T Gkant President Alfred W Eddy Secretary Principal Office 10 Weybosset Street W A Weight Atlanta Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 168725 00 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 4 600 00 13 Cash belonging to the company deposited in bank In dustrial Trust Company 32 969 20 15 Interest due and accrued on stocks not included in mar ket value uncollected 541 or 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission 5119 31 All other assets both real and personal viz Endorsed callloan 1000 00 Total assets of the company actual cash market VaIUe 214970 48 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed lossesj 473 24 3 Losses resisted including interest costs and other expenses thereon 78 74 6 Net amount of unpaid losses c Q ool 9Sa COMPTROLLERGENERAKS REPORT m 7 Gross premiums without any deduction received and re ceivable upon all unexpired fire risks running one year or less from date of policy 19905706 unearned pre miums fifty per cent 99528 53 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes 398114 20 Total amount of all liabilities except net surplus 104081 65 23 Surplus beyond capital and all other liabilities 109988 83 24 Aggregate amount of all liabilities including net surplus 214070 48 IVINCOME DURING THE TEAK Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 7562 46 3 Net collected 7562 46 4 Gross premiums on risks written and re newed during the year 212122 04 5 Total 219684 50 6 Deduct premiums and bills in course of collection at this date 5119 31 7 Entire premiums collected during the year 214565 19 8 Deduct reinsurance and return premiums 11986 47 9 Net cash actually received for premiums carried out 202578 72 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 7797 41 15 Aggregate amount of income actually received during the year in cash 210376 13 VEXPENDITURES DURING THE YEAB 1 Gross amount actually paid for losses on fire risks in cluding 1043965 losses occurring in previous years 31836 56 4 Cash dividends actually paid 148011 30 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 13470 00 8 Paid for State national and local taxes in this and other States and insurance department fees 4135 82 9 All other payments and expenditures viz Rents 1 10000 inspection and travel 395441 office and in cidental 381637 total 7770 78 Aggregate amount of actual expenditures during the year in cash 206567 76KeHBBBBBBBBBaaaBHBBHHSiBS 112 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 1330689 00 Premiums received gross 10045 75 Losses paid 446 55 Losses incurred 698 99 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE WIS William L Jones President Oscab Grieblikg Secretary Principal Office 442444 City Hall Square Ossian F Simpson Atlanta Attorney for Service in Georgia icapital 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 117000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1166191 53 3 Interest due on all said bond and mortgage loans 8637 79 interest accrued thereon 1771675 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1704037 00 5 Value of buildings mortgaged insured for 82675000 as collateral 1298750 00 26354 54 6 Total value of said mortgaged premises carried inside 3002787 00 9 Total par and market value of stocks and bonds owned absolutely by the company 12S2913 25 12 Cash in companys principal office 10550 51 13 Cash belonging to the company deposited in bank First National Bank 113755 69 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 Deposit Milwaukee board of fire underwriters 124306 20 6589 15 269059 49 100 00 Total assets of the company actual cash market value 2992532 16COMPTROLLERGENERALS REPORT H3 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 109258 87 3 Losses resisted including interest costs and other expenses thereon 13236 88 4 Total gross amount of claims for losses 122495 75 5 Deduct reinsurance thereon 28940 92 m 6 Net amount of unpaid lossesf 93554 83 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 87642238 unearned premiums fifty per cent 438211 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 160023300 unearned premiums pro rata 881772 36 11 Total unearned premiums as computed above carried out 1319983 55 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reserve retained for reinsurance com pany 8190097 commissions on premiums in course of collection 6726487 total 149165 84 20 Total amount of all liabilities except capital stock and net surplus 1562704 22 21 Joint capital stock actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 1229827 94 24 Aggregate amount of all liabilities including capital paid up and net surplus 2992532 16 IVINCOME DURING THE YEAK Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 248403 03 3 Net collected 248403 03 S in BNNHHHHHHHHHHHHHi 114 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 1954518 92 5 Total 2202921 95 6 Deduct premiums and bills in course of collection at this date 269059 49 7 Entire premiums collected during the year 1933862 46 8 Deduct reinsurance and return premiums 509250 74 9 Net cash actually received for premiums carried out 1424611 72 10 Received for interest on bonds and mortgage 102568 51 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 1879 60 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 3 99600 agents balances heretofore charged off 174 75 reserve retained for reinsurance company 15 53423 total 19704 98 15 Aggregate amount of income actually received during the year in cash 1548764 81 Increase in value of securities 13068 95 VEXPENDITURES DURING THE YEAR Fire Kislw 1 Gross amount actually paid for losses including 8700280 losses occurring in previous years 1091358 03 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 258814 and all amounts actually received for reinsur ances in other companies 18734906 total deductions 189937 20 3 Net amount paid during the year for losses 901420 83 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 90000 00 6 Paid for commissions or brokerage 358991 56 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 91482 10 8 Paid for State national and local taxes in this and other States 48333 21 9 All other payments and expenditures viz Rents 6 38500 repairs on real estate 71426 taxes on real estate 176773 adjusting and traveling 2068031 printing stationery and advertising 1193405 legal 250487 miscellaneous 4577254 total 89758 76 Aggregate amount of actual expenditures during the year in cash 1579986 46COMPTROLLERGENERALS REPORT 115 Business in the State of Georgia during the year Fire risks written 1127805 00 Premiums received gross 13658 48 Losses paid 5591 15 Losses incurred 5591 15 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN James Nichols President B R Stillman Secretary Principal Office 95 Pearl Street J B Kimbell Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 357604 28 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 630550 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 684350 00 5 Value of buildings mortgaged insured for 67750000 as collateral 1161100 00 6 Total value of said mortgaged premises carried inside 1845450 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried outat market value 4805496 00 12 Cash in companys principal office 2221 72 13 Cash belonging to the company deposited in bank Charter Oak National Bank 15790207 State Bank 2448181 total 182383 88 Total cash items 184605 60 17 Cash in hands of agents and in course of transmission 505731 90 Total assets of the company actual cash market value 6483987 78 mmmmmmt 116 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 69843 22 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 278745 91 3 Losses resisted including interest costs and other expenses thereon 32505 64 6 Net amount of unpaid losses 381094 77 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 314125735 unearned premiums fifty per cent 1570628 68 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 354078012 unearned premiums pro rata 1811036 83 11 Total unearned premiums as computed above carried out 3381665 51 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Special reserve fund for contingencies 50000 00 20 Total amount of all liabilities except capital stock and net surplus 3812760 28 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1671227 50 24 Aggregate amount of all liabilities including capital paid up and net surplus 6483987 78 IVINCOME DURING THE YEAR Fir Ri sks 7 Entire premiums collected during the year 6432380 75 8 Deduct reinsurance and return premiums 2008721 00 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 15 Aggregate amount of income actually received during 4423659 75 33459 43 201098 96 18425 62 the year in cash 4676643 76COMPTROLLERGENERALS REPORT 117 VEXPENDITURES DUBING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 32413223 losses occurring in previous years 3639374 09 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1243532 and all amounts actually received for reinsur ances in other companies 72892468 total deductions 741360 00 3 Net amount paid during the year for losses 2898014 09 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 832514 21 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 314523 37 8 Paid for State national and local taxes in this and other States 155116 04 9 All other payments and expenditures viz Advertising field work incidental expenses 16026069 office fur niture books traveling adjustments miscellaneous 17124221 profit and loss agents balances 136042 ledger assets 10831788 repairs on real estate 5 98391 total 447165 11 Aggregate amount of actual expenditures during the year in cash 4767332 82 Business in the State of Georgia during the year Fire risks written 4020737 00 Premiums received gross 41520 51 Losses paid 17107 71 Losses incurred 13131 94 NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG PA JA3 H Willock President E E Cole Secretary Principal Office 401 Wood Street Cliff C Hatcher Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 750000 00 118 COMPTROLLERGENERALS REPORT IIASSETS 1 Market value of real estate owned by the company less the amount of Incumbrances thereon 1172 41 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 297272 00 3 Interest accrued on all said bond and mortgage loans 4418 75 4 Value of lands mortgaged exclusive of buildings and perishable improvements 289305 00 5 Value of buildings mortgaged insured for 26825000 as collateral 336410 00 6 Total value of said mortgaged premises carried inside 625715 00 9 Total par and market value of stocks and bonds owned absolutely by the company 1255290 00 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 50000 00 12 Cash in companys principal office 10524 66 13 Cash belonging to the company deposited in bank Mellons National Bank Pittsburg Pa 2223606 Second Na tional Bank Pittsburg Pa 2506658 total 47302 64 Total cash items 57827 30 15 Interest due and accrued on stocks not included in mar ket value uncollected 1250 00 17 Cash in hands of agents and in course of transmission 154318 42 18 Bills receivable not matured taken for fire marine and inland risks 235 20 Total assets of the company actual cash market value 1821784 08 IIILIABILITIES 1 Losses unpaid and not due 12388 20 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 85349 72 3 Losses resisted including interest costs and other expenses thereon 4587 56 4 Total gross amount of claims for losses 102325 48 5 Deduct reinsurance thereon 20688 67 6 Net amount of unpaid losses 81636 81COMPTROLLERGENERALS REPORT 119 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 66396139 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 56360140 unearned premiums pro rata 331980 70 352568 15 11 Total unearned premiums as computed above carried out 20 Total amount of all liabilities except capital stock and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 684548 85 766185 66 750000 00 305598 42 24 Aggregate amount of all liabilities including capital paid up and net surplus 1821784 08 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 635 73 3 Net collected 635 73 4 Gross premiums on risks written and re newed during the year 1341011 32 5 Total 1341647 05 6 Deduct premiums and bills in course of collection at this date 248 92 1341398 13 389150 10 7 Entire premiums collected during the yearT 8 Deduct reinsurance and return premiums 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 2789 bad accounts etc collected 65638 profit on sale of ledger assets 545875 total 952248 03 14653 87 58439 66 6143 02 15 Aggregate amount of income actually received during the year in cash 1031484 58 wppilHRH m imb SasSsSBBiH 120 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAB 1 Gross amount actually paid for losses including 4369180 losses occurring in previous years 543109 03 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 137901 and all amounts actually received for reinsur ance in other companies 5180426 to tal deductions 53 3 27 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Home office general expenses 2681545 furniture and fixtures 122460 insurance maps printing plant etc 19 93500 adjusting and loss expense 724030 total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 489925 76 216815 83 67784 81 38132 66 55215 35 867874 41 467985 00 6144 70 750 00 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER NEW HAMPSHIRE U C Crosby President F w sabgeant Secretary Principal Office 876 Elm Street O F Simpson Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 197 200 00COMPTROLLERGENERALS REPORT 121 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 9 Totalpar and market value of stocks and bonds owned absolutely by the company 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 12 Cash in companys principal office 777 90 13 Cash belonging to the company deposited in bank Amoskeag National Bank of Manchester N H 20187293 Man chester National Bank of Manchester N H 500000 Merchants National Bank of Manchester N H 500000 total 211872 93 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 net All other assets both real and personal viz Due from other companies for reinsurance on losses already paid United Firemen 4750 London Lancashire 2765 Camden Fire Insurance Company 49 Me chanics Traders 2239 Munich Reinsurance Com pany 556571 Granite State 1537 Philadelphia Underwriters 446 German American 1248 Fire mens of Baltimore 137882 British American 70 406300 00 5668 00 2865011 00 25000 00 212650 83 10302 09 472 22 182063 63 7075 57 Total assets of the company actual cash market value 3911743 34 IIILIABILITIES 1 Losses unpaid adjusted 114341 95 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 111844 80 3 Losses resisted including interest costs and other expenses thereon 18414 00 4 Total gross amount of claims for losses 244600 75 5 Deduct reinsurance thereon 45068 33 6 Net amount of unpaid losses 199532 42 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or 122 COMPTROLLERGENERALS REPORT less from date of policy 122860655 unearned premiums fifty per cent 614303 28 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 165083407 unearned premiums pro rata 863767 73 11 Total unearned premiums as computed above carried out 1478071 01 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 2268818 reinsur ance 1176624 total 34454 42 20 Total amount of all liabilities except capital stock and net surplus 1712057 86 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1199685 49 24 Aggregate amount of all liabilities including capital paid up and net surplus 3911743 34 IVINCOME DURING THE YEAB Fire Riks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 245168 05 245168 05 3 Net collected 4 Gross premiums on risks written and re newed during the year 2133102 74 5 Total 2378270 79 6 Deduct premiums and bills in course of collection at this date 255614 04 7 Entire premiums collected during the year 2122656 75 8 Deduct reinsurance and return premiums 350621 34 9 Net cash actually received for premiums carried out 1772035 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 in crease if any in value of securities viz Rents 22 08362 loss and gain account 477742 20741 32 129497 26 26861 04 15 Aggregate amount of income actually received during the year in cash 1949135 03a COMPTROLLERGENERALS REPORT 123 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 23906668 losses occurring in previous years 1502514 04 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 477997 and all amounts actually received for reinsur ances in other companies 20841416 total deductions 213194 13 3 Net amount paid during the year for losses 1289319 91 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 433788 37 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 78395 16 8 Paid for State national and local taxes in this and other States 4665030 9 All other payments and expenditures viz Tax on real estate 311355 miscellaneous 12227998 loss and gain account 763993 total 133033 iG Aggregate amount of actual expenditures during the i 2081187 20 year in cashv Business in the State of Georgia during the year 2063624 00 Fire risks written 27 998 39 Premiums received gross nA0 0c 174o oo Losses paid 18 248 36 Losses incurred THE NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Harold Herrick President Geo W Dewey Secretary Principal Office 4648 Cedar Street New York Cliff C Hatcher Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cashI 500000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 464000 00t ffffafff8BHin 124 COMPTROLLERGENERALS REPORT 3 Interest due on all said bond and mortgage loans 5 329 21 4 Value of lands mortgaged exlusive of building and perishable improvements 335500 00 5 Value of buildings mortgaged insured for 31250000 as collateral 372000 00 6 Total value of said mortgaged premises carried inside 707500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market Value 2992470 00 12 Cash in companys principal office 422 85 13 Cash belonging to the company deposited in bank Bank of Manhattan Co 7817366 New York Security and Trust 16500000 Knickerbocker Trust Company 50000 Metropolitan Trust Company 20000000 493173 66 15 Interest due and accrued on stocks not included in mar ket value uncollected 15 140 08 16 Interest due and accrued on other assets 2439 18 17 Cash in hands of agents and in course of transmission 438269 65 Total assets of the company actual cash market value 4411244 63 IIILIABILITIES 1 Losses due and unpaid 37 705 58 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 170 493 29 3 Losses resisted including interest costs and other expenses thereon 35100 00 4 Total gross amount of claims for losses 243298 87 5 Deduct reinsurance thereon 21004 51 6 Net amount of unpaid losses 222 294 36 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 189832694 unearned premiums fifty per cent 949163 47 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 209854438 unearned premiums pro rata1141285 39 11 Total unearned premiums as computed above carried Ut 2090448 86COMPTROLLERGENERALS REPORT 125 19 20 21 23 24 All other demands against the company absolute and contingent due and to become due admitted and con tested 91519 70 Total amount of all liabilities except capital stock and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus 2404262 92 500000 00 1506981 71 f 4411244 63 IVINCOME DURING THE TEAR Fire Risks Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 460340 57 Net collected 460340 57 Gross premiums on risks written and re newed during the year 3511268 58 Total 3971609 15 Deduct premiums and bills in course of collection at this date 461018 48 Entire premiums collected during the year 3510590 67 Deduct reinsurance and return premiums 858356 92 9 10 11 12 15 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting in crease if any in value of securities viz Rents profit and loss 2652233 75 15435 41 113556 45 596535 53 Aggregate amount of income actually received during the year in cash 3377761 14 2 VEXPENDITURES DURING THE TEAR Fire Risks Gross amount actually paid for losses including 14533779 losses occur ring in previous years 1722805 91 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 565749 and all ki 126 COMPTROLLERGENERALS REPORT amounts actually received for reinsur ances in other companies 24452427 250181 76 3 Net amount paid during the year tor losses 1472624 15 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100020 00 6 Paid for commissions or brokerage 540662 99 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 216541 77 8 Paid for State national and local taxes in this and other States 79437 77 9 All other payments and expenditures 183249 49 Aggregate amount of actual expenditures during the year in cash 2592536 17 Business in the State of Georgia during the year Fire risks written 1151568 00 Premiums received gross 19054 78 Losses paid 12235 41 Losses incurred 13 939 g2 U S BRANCH OF THE NORTH BRITISH AND MERCANTILE FIRE INSURANCE COMPANY OF LONDON AND EDINBURGH E G Richards U S Manager J F Hastings Assistant Manager Principal Office 76 William Street New York Jacob Haas Atlanta Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company 5387746 60 12 Cash in companys principal office 3518 40 13 Cash belonging to the company deposited in bank J P Morgan Co New York City 45678073 Merchants Na tional Bank New York City 20 00000 total 476780 73 Total cash items 450 299 13 15 Interest due and accrued on stocks not included in mar ket value uncollected 62 339 57 17 Cash in hands of agents and in course of transmission 699805 61I COMPTROLLERGENERALS REPORT 127 All other assets both real and personal viz Reinsur ance on losses paid 224048 Milwaukee Underwrit ers Building Assn 18180 Philadelphia Underwrit ers Asn 10000 Underwriters Salvage Co 1000 cash in hands of trustees of the company 76615 4287 63 Total assets of the company actual cash market value 6634478 54 IIILIABILITIES 1 Losses due and unpaid 88906 61 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 279353 27 3 Losses resisted including interest costs and other expenses thereon 30761 58 4 Total gross amount of claims for losses 399021 46 5 Deduct reinsurance thereon 34010 35 6 Net amount of unpaid losses 365011 11 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 286956464 unearned premiums fifty per cent 1434782 32 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 324669848 unearned premiums pro rata 1714041 52 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine iisks perpetual 20048 43 11 Total unearned premiums as computed above carried 3168872 27 out 19 All other demands against the company absolute and contingent due and to become due admitted and con 152837 18 tested 20 Total amount of all liabilities except net surplus 32 It 23 Surplus beyond capital and all other liabilities 2947757 98 24 Aggregate amount of all liabilities including capital paid up and net surplusI 6634478 54 128 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAB Fire Fisks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 574667 39 3 Net collected 574667 39 4 Gross premiums on risks written and re newed during the year 5386796 61 5 Total 5961464 00 6 Deduct premiums and bills in course of collection at this date 709181 02 7 Entire premiums collected during the year 5252282 98 8 Deduct reinsurance and return premiums 1265139 31 9 Net cash actually received for premiums carried out 3987143 67 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 209673 10 14 Remitted from home office during the year 413104 85 15 Aggregate amount of income actually received during the year in cash 4196816 77 VEXPENDITURES DURING THE YEAR rt Fire Risks 1 Gross amount actually paid for losses including 36099623 losses occur ring in previous years 3166190 83 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3143688 and all amounts actually received for rein surances in other companies 264287 45 total deductions 295 724 33 3 Net amount paid during the year for losses 2870466 50 6 Paid for commissions or brokerage gn 768 72 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 244686 99 8 Paid for State national and local taxes in this and other Statesv 102857 22 9 All other payments and expenditures viz Rent adver tising Underwriters Assn postage telegrams sup plies and incidentals 211 241 07 Aggregate amount of actual expenditures during the yearlncash 4241020 50I COMPTROLLERGENERALS REPORT 129 Business in the State of Georgia during the year Fire risks written 3474938 00 Premiums received gross 46000 78 Losses paid 15540 50 Losses incurred 16237 99 NORTH GERMAN FIRE INSURANCE CO OF NEW YORK N Y Adolph Loeb President Louis L Loeb Secretary Principal Office 2 Liberty Street J T Dargax Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest accrued on all said bond and mortgage loans 9 Total par and market value of stocks and bonds owned absolutely by the company 12 Cash in companys principal office 1817 50 13 Cash belonging to the company deposited in bank Bank of New York New York City 710218 Forman Bros Banking Co Chicago 111 1118325 total 18285 43 Total cash items 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Certifi cate of deposit payable on demand 3000000 plus 60000 interest Total assets of the company actual cash market value 200000 00 50000 00 3106 36 298332 50 20102 93 100526 29 30600 00 502668 08 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 38511 52 5 Deduct reinsurance thereon 2473 03 6 Net amount of unpaid losses 9 in 36038 49 MB 130 COMPTROLLERGENERALS 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 41780758 unearned premiums fifty per cent 208903 79 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 587741 unearned premiums pro rata 2617 95 11 Total unearned premiums as computed above carried out 20 Total amount of all liabilities except capital stock 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 211521 74 247560 23 200000 00 55107 85 502668 OS IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 669663 45 8 Deduct reinsurance and return premiums 320990 81 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 12 Income received from all other sources omitting in crease if any in value of securities viz Investment for surplus account 15 Aggregate amount of income actually received during the year in cash 348672 64 12897 31 60000 00 421569 95 VEXPENDITURES DURING THE TEAS Fiie Risks 1 Gross amount actually paid for losses including 2622848 losses occurring in previous years 215748 00 2 Deduct all amounts actually received for salvages whether on losses of the last of previous year 112615 and all amounts actually received for reinsur ances in other companies 2275257 total deductions 23878 72 3 Net amount paid during the year for losses 191869 28COMPTROLLERGENERALS REPORT 131 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 12000 00 6 Paid for commissions or brokerage 116286 14 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 2433 35 8 Paid for State national and local taxes in this and other States 7369 20 9 All other payments and expenditures viz Printing and stationery 152480 advertising and subscriptions 33200 postage telegraph and express 4925 maps 10904 furniture and fixtures 12096 traveling ex penses 32514 board expenses 520840 sundries 166730 rent 150000 total 10836 89 Aggregate amount of actual expenditures during the year in cash 340794 86 Business in the State of Georgia during the year Risks written 651565 00 Premiums received 10630 76 Losses paid 1591 20 Losses incurred 4787 69 U S BRANCH OP THE NORWICH UNION FIRE INSURANCE SOCI ETY OP ENGLAND J Montgomery Hare United States Manager Principal Office 56 and 58 Pine Street New York N Y ICAPITAL STOCK 1 Amount of capital paid up in cash 660000 00 Amount of ledger assets as per bal ance December 31st of previous year 2554808 95 Extended at f 2554808 95 IIINCOME Fire Risks 1 Gross premiums 2780430 39 2 Deduct reinsurance rebate abatement and return premiums 654385 44 3 Total premiums other than perpetuals 2126044 95 Ob hB 132 COMPTROLLERGENERALS REPORT 5 Interest on mortgage loans 7 Interest on bonds and dividends stocks 1800 00 79105 13 10 Total interest and rents 11 Profit on sale or maturity of ledger assets 12 From all other sources Received from home office 80905 13 432 50 578590 00 13 Total income 2785972 58 IIIDISBURSEMENTS 1 Gross amount paid for losses including 16088724 occurring in previous years 2 Deduct amount received for salvage 4 37635 and for reinsurance in other companies 20568375 Fire Rsks 1872205 29 210060 10 3 Net amount paid for losses 1662145 19 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 Advertising and stationery 19 90992 maps furniture and fixtures 1876275 mis cellaneous 8614490 cash remitted to home office 24500052 435531 49 165525 47 18279 17 51436 71 369818 09 16 Total disbursements 2702736 12 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 40000 00 4 Book value of bonds excluding interest 141122800 and stocks 59699608 2008224 08 5 Cash in companys office 294086 de posited in banks 34454120 347482 06 6 Agents balances representing business written subsequent to October 1 1904 234278 46 7 Agents balances representing business written prior to October 1 1904 8060 81 11 Total ledger assets 2638045 41 NONLEDGER ASSETS 12 Interest due and accrued on mortgages 150 00 13 Interest due and accrued on bonds and stocks 23607 63 11 Total 23757 63COMPTROLLERGENERALS REPORT 133 19 Market value not including interest in item 13 of bonds and stocks over book value 98570 67 20 Other nonledger assets viz reinsurance due but uncol lected on losses paid viz Nassau N Y 523 Em pire City N Y 7174 76 97 21 Gross assets 2760450 6S DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 8060 81 9 Total admitted assets 2752389 87 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 92117 67 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 89069 92 3 Gross claims for losses resisted 19232 74 4 Total 200420 33 5 Deduct reinsurance due or accrued 22176 64 6 Net amount of unpaid losses and claims 178243 69 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual fire risks 152463384 unearned premiums fifty per cent 762316 92 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 163936396 unearned premiums pro rata 887207 35 12 Total unearned premiums as computed above 1649524 27 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 25236 39 20 Commissions brokerage and other charges due or to be come due to agents or brokers 4416 65 24 Total amount of all liabilities except capital 1857421 00 26 Surplus over all liabilities 894968 87 27 Surplus as regards policyholders 894968 87 28 Total liabilities 2752389 87 134 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire Risks written 3437324 00 Premiums received 42456 56 Losses paid 27951 46 Losses incurred 26484 23 UNITED STATES BRANCH OF THE NORTHERN ASSURANCE COM PANY H E Wilson General Manager Principal Offices in the United States 38 Pine Street New York 642 Monadnock Block Chicago ICAPITAL STOCK 1 Amount of capital paid up in cash 1500000 00 2 Statutory deposit 200000 00 Amount of ledger assets as per bal ance December 31 of previous year 3440540 63 Extended at 3440540 63 IIINCOME Fire 1 Gross premiums 3684289 16 2 Deduct reinsurance rebate abatement and return premiums 1204325 11 3 Total premiums other than perpetuals 2479964 05 7 Interest on bonds and dividends on stocks 98747 50 8 Interest from all other sources 1928 76 9 Gross rents from companys property including 700000 for companys own occupancy 7000 00 107676 26 10 Total interest and rents 12 From all other sources Received from head office dur ing the year 1135960 09 13 Total income 3723600 40 IIIDISBURSEMENTS Fire 1 Gross amount paid for losses including 24718479 occurring in previous years 2610255 76COMPTROLLERGENERALS REPORT 135 2 Deduct amount received for salvage 9 60611 and for reinsurance in other companies 72331557 732921 68 3 Net amount paid for losses 1S77334 08 8 Commissions or brokerage 400829 27 9 Salaries fees and all other charges of officers clerks agents and other employees 151130 46 10 Rents including 700000 for companys own occupancy 16210 00 11 Repairs and expenses other than taxes on real estate 2387 39 12 Taxes on real estate 2G22 47 13 All other taxes licenses and insurance department fees 71285 06 15 All other disbursements Advertising printing and sta tionery 2293865 legal expenses 51687 miscella neous 17404812 remitted to head office during the year 40091597 598419 61 16 Total disbursements 3120218 34 IVLEDGER ASSETS 1 Book value of real estate unincumbered 115000 00 4 Book value of bonds excluding interest 282427566 and stocks 29426590 3118541 56 5 Cash in companys offices 718955 de posited in banks National Bank of Commerce New York 13134065 Union Trust Company New York 3 89478 Merchants Loan and Trust Company Chicago 4596800 Northern Trust Company Chicago 30925 American Exchange National Bank St Louis 136523 Canadian Bank of Commerce San Francisco 109280 191160 26 6 Agents balances representing business written subsequent to October 1 1904 570816 53 7 Agents balances representing business written prior to October 1 1904 31606 26 9 Bills receivable taken for fire risks 16798 08 11 Total ledger assets 4043922 69 NONLEDGEB ASSETS 13 Interest due 143750 and accrued 624777 on bonds 7boo 6 i and stocks nMM 18 Market value of real estate over book value ouuu 20 Other nonledger assets viz Due from other companies for reinsurance on losses already paid ZzW 4103886 54 21 Gross assets A I M iStt wsmm 136 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 31606 26 5 Bills receivable past due taken for fire risks 16798 08 7 Depreciation from book value of ledger assets to bring same to market value 32366 56 8 Total 80770 90 9 Total admitted assets 4023115 64 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 19276 68 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 186757 51 3 Gross claims for losses resisted 44466 44 4 Ttal 250500 63 5 Deduct reinsurance due or accrued 6530 03 6 Net amount of unpaid losses and claims 243970 60 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual fire risks 209694121 unearned premiums fif ty per cent 1048470 60 8 Gross peremiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 181315572 unearned premiums pro rata 1017995 67 12 Total unearned premiums as computed above 2066466 27 19 Salaries rents expenses taxes bills accounts fees etc due or accrued gg0 gg 20 Commissions brokerage and other charges due or to be come due to agents and brokers 73 432 96 21 Return premiums 10794722 reinsurance premiums 1868030 126627 52 23 All other liabilities viz Miscellaneous 2388 03 24 Total amount of all liabilities except statutory deposit and capital 2513385 38COMPTROLLERGENERALS REPORT 25 Statutory deposit 200000 00 27 Surplus over all liabilities 1309730 26 28 Surplus as regards policyholders 137 1509730 26 29 Total liabilities 4023115 64 Business in the State of Georgia during the year Fire Risks written 4487991 00 Gross premiums received excluding only 1291745 of can cellation and 256922 premiums on risks reinsured 48082 67 Losses paid 21382 05 Losses incurred 22584 48 NORTH RIVER FIRE INSURANCE COMPANY OF NEW YORK N Y William E Hutchins President Frederick H Crum Secretary Principal Office 84 William Street New York N Y Jacob Haas Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 350000 00 2 Amount paid up in cash 350000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 294339 36 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 106900 00 3 Interest due on all said bond and mortgage loans 455 interest accrued thereon 173271 total 2187 71 4 Value or lands mortgaged exclusive of buildings and perishable improvements 172900 00 5 Value of buildings mortgaged insured for 10047500 as collateral 109600 00 6 Total value of said mortgaged premises carried inside 282500 00 7 Amount of other loans 7000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 663087 25 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 7000 00138 COMPTROLLERGENERALS REPORT 13 Cash belonging to the company deposited in bank Wash ington Trust Co 5732317 United States Mortgage Trust Company 20000 Title Guarantee and Trust Company 25000 Kings County Trust Company 20 000 Merchants Exchange National Bank 7049002 total 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 202654 due from other companies for reinsurance on losses already paid 284304 com missions on return premiums and reinsurance unpaid 647898 192813 19 3352 35 41 98 200817 55 11348 56 Total assets of the company actual cash market value 1481887 95 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 78776 03 3 Losses resisted including interest costs and other expenses thereon 4252 60 4 Total gross amount of claims for losses 83028 63 5 Deduct reinsurance thereon 6751 76 6 Net amount of unpaid losses 76276 87 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 74762926 unearned premiums fifty per cent 373814 63 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 38780652 unearned premiums pro rata 236267 64 11 Total unearned premiums as computed above carried out 610082 27 15 Dividends declared and remaining unpaid or uncalled for 5191 00COMPTROLLERGENERALS REPORT 139 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 1308733 reinsur ance premiums 1422462 commissions brokerage etc 2390681 total 20 Total amount of all liabilities except capital stock 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 51218 76 742768 90 350000 00 389119 05 1481887 95 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 170399 18 2 Deduct amount of same not collected 9387 48 3 Net collected 161011 70 4 Gross premiums on risks written and re newd during the year 1484231 38 5 Total 1645243 08 6 Deduct premiums and bills in course of collection at this date 238734 64 7 Entire premiums collected during the year 1406508 44 8 Deduct reinsurance and return premiums 441146 75 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 15 21609 15 Aggregate amount of income actually received during the year in cash 965361 69 5440 89 26653 84 183776 38 1181232 80 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 6038951 losses occurring in previous years 615551 64 140 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 418868 and all amounts actually received for reinsur ances in other companies 7726830 total deductions 81456 98 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 28 00000 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 7 50000 repairs and expenses on real estate 584598 stationery 778670 fire patrol 399865 advertis ing 33095 legal services 55500 furniture 1 24530 general expenses 2552237 total Aggregate amount of actual expenditures during the year in cash 534094 66 26776 00 256955 97 85549 87 18291 10 52784 95 974452 55 ORIENT FIRE INSURANCE COMPANY OP HARTFORD CONN Abchibald G McIlwaine Jb President James Wypeb Secretary Principal Office 5 Haynes Street Hartford Conn R A Haxcock Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2000 000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 59 393 57 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1746190 59 12 Cash in companys principal office 2310 44 13 Cash belonging to the company deposited in bank American National Bank Hartford Conn 5142160 UnitedCOMPTROLLERGENERALS REPORT 141 States Mortgage Trust Co New York 10830289 National Bank of the Re public Chicago 111 1467681 Union Trust Co San Francisco Cal 7538 96 total 181940 26 Total cash items 15 Interest due and accrued on stocks and bonds not in cluded in market value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 15495 special deposit Connecticut Trust and Safe Deposit Co Hartford Conn 7500000 184250 70 27580 59 169134 25 283 07 75154 95 Total assets of the company actual cash market value 2272487 72 IIILIABILITIES 1 Losses due and unpaid 25175 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 70060 07 3 Losses resisted including interest costs and other expenses thereon 28205 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 123440 07 7622 12 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 83506406 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 99839892 unearned premiums pro rata 115817 95 417532 03 541222 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 958754 31 1407 54 HHHHHHWHi vmmmmm 142 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums and reinsurance 3556 39 20 Total amount of all liabilities except capital stock and net surplus 1079536 19 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 692951 53 24 Aggregate amount of all liabilities including capital paid up and net surplus 2272487 72 INCOME DURING THE YEAR File Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 196251 14 196251 14 3 Net collected 4 Gross premiums on risks written and re newed during the year 1585927 5 Total 1782178 82 6 Deduct premiums and bills in course of collection at this date 217411 70 7 Entire premiums collected during the year 1564767 12 8 Deduct reinsurance and return premiums 468557 00 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 496 capital and surplus of Norwalk Fire Insurance Com pany of Norwalk Conn consolidated with Orient In surance Company June 29 1904 5198861 total 1096210 12 1450 08 66754 07 52484 61 15 Aggregate amount of income actually received during the year in cash 1216898 88 1 Gross amount actually paid for losses includ ing 12587502 losses oc curring in previous years VEXPENDITURES DURING THE YEAR Fire Risks Mnrine and Iiiiainl Risks 845565 41 1978 72COMPTROLLERGENERALS REPORT 143 2 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 196452 and all amounts actually re ceived for reinsurance in other companies 115 25175 total deductions 116542 73 673 54 3 Net amount paid during the year for losses 729022 68 1305 18 730327 86 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 244604 39 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 63964 58 8 Paid for State national and local taxes in this and other States 14239 34 9 All other payments and expenditures viz Advertising printing and stationery municipal licenses and mis cellaneous expenses 105877 88 Aggregate amount of actual expenditures during the year in cash 1209014 05 Business in the State of Georgia during the year Fire risks written 1862610 00 Premiums received gross 21386 85 Losses paid 13334 18 Losses incurred 13419 1 PALATINE INSURANCE COMPANY LIMITED OF LONDON ENG A H Wray Manager Principal Office Corner Pine and William Streets New York J C Whitneb Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market 14282o7 oU value Hi KWMW IH 144 COMPTROLLERGENERALS REPORT 12 Cash in companys principal office 3375 80 13 Cash belonging to the company deposited in bank Morton Trust Co New York 27533561 American Exchange Na tional Bank New York 7484400 First National Bank Denver 303520 CrockerWoolworth National Bank San Francisco 2683961 total 380054 42 Total cash items 33 qq 09 17 Cash in hands of agents and in course of transmission 271212 73 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Commercial Union of London 1 066 45 Total assets of the company actual cash market value 2083946 90 IIILIABILITIES 1 Losses due and unpaid 30415 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses iqq g29 33 3 Losses resisted including interest costs and other expenses thereon 14100 00 4 Total gross amount of claims for losses 145344 33 5 Deduct reinsurance thereon 23431 33 6 Net amount of unpaid losses 121 913 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 110951418 unearned premiums fifty per cent 554757 09 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 86509224 unearned premiums pro rata 492373 15 11 Total unearned premiums as computed above carried out 1047130 24 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 3 044 63 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions return premiums and rein surances 49577 75COMPTROLLERGENERALS REPORT 145 20 Total amount of all liabilities except net surplus 1221665 62 23 Surplus beyond capital and all other liabilities 862281 28 24 Aggregate amount of all liabilities including net surplus 2083946 90 IVINCOME DURING THE YEAE Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 249609 13 3 Net collected 249609 13 4 Gross premiums on risks written and re newed during the year 2085737 88 5 Total 2335347 01 6 Deduct premiums and bills in course of collection at this date 273782 33 7 Entire premiums collected during the year 2061564 68 8 Deduct reinsurance and return premiums 672600 50 9 Net cash actually received for premiums carried out 1388964 18 10 Received for interest on bonds and mortgages 47310 14 12 Income received from all other sources omitting in crease if any in value of securities 423 75 14 Amount of remittance from home office during the year 48425 06 15 Aggregate amount of income actually received during year in cash 1436698 07 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 14805800 losses occurring in previous years 1136469 70 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 504634 and all amounts actually received for reinsur ances in other companies 25130522 total deductions 256351 56 3 Net amount paid during the year for losses 880118 14 6 Paid for commissions or brokerage 295618 23 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 75058 77 10 in mmmmmmmmmm 146 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 41954 03 9 All other payments and expenditures viz Rents travel printing etc 77905 08 Aggregate amount of actual expenditures during the year in cash 1370654 25 Business in the State of Georgia during the year Fire risks written 3093368 00 Premiums received gross 49822 98 Losses paid 21984 59 Losses incurred 23383 59 PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA PENNSYLVANIA R Dale Bensox President W Gardner Crowell Secretary Principal Office 510 Walnut Street W E Chapln Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 194000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 629950 00 3 Interest due on all said bond and mortgage loans 165 interest accrued thereon 426589 total 4430 89 5 Value of buildings mortgaged insured for 42930000 as collateral 1198435 00 9 Total par and market value of stocks and bonds owned absolutely by the company 4646440 00 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 335100 00 12 Cash in companys principal office 1058 76 13 Cash belonging to the company deposited in bank Western National 126323 41 Philadelphia National 4384991 total 170173 32 Total cash items 171232 08 COMPTROLLERGENERALS REPORT 147 15 Interest due and accrued on stocks not included in mar ket value uncollected 1668 62 17 Cash in hands of agents and in course of transmission 446166 92 Total assets of the company actual cash market value 6428988 51 IIILIABILITIES 1 Losses due and unpaid 15607 83 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 190416 73 3 Losses resisted including interest costs and other expenses thereon 16519 17 4 Total gross amount of claims for losses 222543 73 5 Deduct reinsurance thereon 22169 32 6 Net amount of unpaid losses 200374 41 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 195799168 unearned premiums fifty per cent 978995 84 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 266748104 unearned premiums pro rata 1385104 85 11 Total unearned premiums as computed above carried out 2364100 69 Amount reclaimable under perpetuals 879249 99 20 Total amount of all liabilities except capital stock and net surplus 3443725 09 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 2585263 42 24 Aggregate amount of all liabilities including capital paid up and net surplus 6428988 51 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 3748566 07 8 Deduct reinsurance and return premiums 931396 35 9 Net cash actually received for premiums carried out 2817169 72mHHLi v in iiamhmmm m I BM 148 COMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 32719 51 201803 25 10162 75 15 Aggregate amount of income actually received during the year in cash 3061855 23 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses 1998894 94 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 171639 33 3 Net amount paid during the year for losses 1827255 61 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 566677 25 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 175000 00 8 Paid for State national and local taxes in this and other States 72999 99 9 All other payments and expenditures 181828 93 Aggregate amount of actual expenditures during the year in cash 2923761 78 Business in the State of Georgia during the year Fire risks written 3387980 00 Premiums received gross 54131 53 Losses paid 20193 78 Losses incurred 20851 44 PHCENIX ASSURANCE COMPANY LTD OF LONDON ENGLAND A D Irving Manager A D Irving Jr Secretary Principal Office 47 Cedar Street New York 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank American Exchange National Bank 5673900 New York Life In 218 58COMPTROLLERGENERALS REPORT 149 surance Company and Trust Company 33332441 American Exchange Na tional Bank 355791 Corn Exchange Bank 174747 total 395368 79 Total cash items 395587 37 15 Interest due and accrued on stocks not included in mar ket value uncollected 32865 42 17 Cash in hands of agents and in course of transmission 186461 70 All other assets both real and personal viz Reinsur ance due on losses paid 4S89 23 Total assets of the company actual cash market value 3232791 22 IIILIABILITIES 1 Losses not yet due 57446 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 216800 00 3 Losses resisted including interest costs and other expenses thereon 22859 00 4 Total gross amount of claims for losses 297105 00 5 Deduct reinsurance thereon 77446 00 6 Net amount of unpaid losses 219659 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 194705994 unearned premiums fifty per cent 973529 97 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 169344470 unearned premiums pro rata 897139 90 Excess of original premiums over amount received for reinsurance 460 12 11 Total unearned premiums as computed above carried t 1871129 99 out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 5322 30 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 2813494 reinsurance premiums 3953619 total 67671 13Or HHHBHNNHHHMHlMHHI 150 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except net surplus 23 Surplus beyond capital and all other liabilities 2163782 42 1069008 80 24 Aggregate amount of all liabilities including capital paid up and net surplus 3232791 22 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 139266 94 3 Net collected 139266 94 4 Gross premiums on risks written and re newed during the year 3763090 05 5 Total 3902356 99 6 Deduct premiums and bills in course of collection at this date 238492 32 7 Entire premiums collected during the year 3663864 67 8 Deduct reinsurance and return premiums 1157589 69 9 Net cash actually received for premiums carried out 2506274 98 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 90394 67 14 Amount of remittances from home office during the year 468608 75 15 Aggregate amount of income actually received during the year in cash 3065278 40 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 48775700 losses occurring in previous years 266522151 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2258498 and all amounts actually received for reinsur ances in other companies 65117378 total deductions 673758 76 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 1991462 75 432944 61 229436 92 80736 95COMPTROLLERGENERALS REPORT 151 9 All other payments and expenditures viz Rents adver tising postage sundries 138414 96 Aggregate amount of actual expenditures during the year in cash 2872996 19 Business in the State of Georgia during the year Fire risks written 1681092 00 Premiums received gross 22511 68 Losses paid 9718 31 Losses incurred 10714 31 PHENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y Geo P Sheldon President Ciias F Kostee Secretary Principal Office 16 Court Street iCAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 576000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 48100 00 3 Interest accrued on all said bond and mortgage loans 771 64 4 Value of lands mortgaged exclusive of buildings and perishable improvements 34500 00 5 Value of buildings mortgaged 70500 00 6 Total value of said mortgaged premises carried inside 105000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 5783731 00 11 Total amount loaned on bonds stocks and all other secu rities except mortgages 72700 00 12 Cash in companys principal office 941 86 13 Cash belonging to the company deposited in bank National Park Bank New York 36075407 Chatham National Bank New York 18098758 Liberty National Bank New York 14365725 National City Bank Brooklyn 2500 Peoples Trust Company 2502514 total 712924 04 Total cash items 713865 90Mttwar1 i i s 5 i i 152 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in mar ket value uncollected 12616 65 17 Cash in hands of agents and in course of transmission 795804 50 All other assets both real and personal viz Rents due and accrued 3541 27 Total assets of the company actual cash market value 8007130 96 IIILIABILITIES 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 352062 38 35799 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 320273906 unearned premiums fifty per cent 1601369 53 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 619978636 unearned premiums pro rata 3314617 62 387861 38 11 Total unearned premiums as computed above carried out 4915987 15 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 4250 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 235061 reinsurance 596549 total S316 10 20 Total amount of all liabilities except capital stock and net surplus 5316414 63 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1690716 33 24 Aggregate amount of all liabilities including capital paid up and net surplus 8007130 96 INCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 63277 59COMPTROLLERGENERALS REPORT 153 3 Net collected 63277 59 4 Gross premiums on risks written and re newed during the year 7171068 62 7 Entire premiums collected during the year 7234346 21 8 Deduct reinsurance and return premiums 1358618 82 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 Income received from all other sources omitting in crease if any in value of securities viz Rents 44 95300 profit on sale or maturity of ledger assets 53 98150 total 12 5875727 39 2593 89 170255 62 98834 50 15 Aggregate amount of income actually received during the year in cash 6147511 40 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 35119582 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1188483 and all amounts actually received for reinsur ances in other companies 21738553 total deductions Fire Kisks 3625502 55 229270 36 3 Net amount paid during the year for losses 3396232 19 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 1202310 32 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 413871 22 8 Paid for State national and local taxes in this and other States 124942 78 9 All other payments and expenditures viz Rents 53 86521 taxes and repairs on real estate 2300835 miscellaneous 40322839 total 480101 95 Loss on sale or maturity of ledger assets 81385 00 Aggregate amount of actual expenditures during the year in cash 5798843 46HMMHH m iHi 154 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 8138954 00 Premiums received gross 173798 79 Losses paid 85019 82 Losses incurred 96677 87 PH03NIX INSURANCE COMPANY HARTFORD CONN D W C Skiltox President Edwakd Milligan Secretary Principal Office 64 Pearl Street Hartford Conn C C Hatches Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 2000000 00 Amount of ledger assets as per balance December 31 1903 5326258 34 Extended at 5326258 34 nINCOME As shown by the books at home office at close of business December 311904 Fire Risks 1 Gross premiums 4764079 86 2 Deduct reinsurance rebate abatement and return premiums 814380 95 3 Total premiums other than perpetuals 3949698 91 5 Interest on mortgage loans 5575 81 6 Interest on collateral loans 3479 28 7 Interest on bonds and dividends on stocks 220696 99 9 Gross rents from companys property 14064 18 10 Total interest and rents 243816 26 11 Profit on sale or maturity of ledger assets 12415 16 13 Total income 4205930 33 IIIDISIiUBSEMENTS As shown by the books at home office at close of business December 311904 Fir Risks 1 Gross amount paid for losses including 34903960 occurring in previous years 2335173 17 2 Deduct amount received for salvage 11 30743 and for reinsurance in other companies 15330419 164611 62 3 Net amount paid for losses 2170561 55COMPTROLLERGENERALS REPORT 155 5 Paid stockholders for interest or dividends amount de clared during the year including taxes 282000 00 8 Commissions or brokerage 800605 36 9 Salaries fees and all other charges of officers clerks agents and other employees 217272 64 10 Rents 12259 40 11 Repairs and expenses other than taxes on real estate 7013 97 12 Taxes on real estate 3951 07 13 All other taxes licenses and insurance department fees 83960 44 15 All other disbursements Advertising printing and sta tionery 2290658 legal expense 584358 miscella neous expense 30873169 337481 85 16 Total disbursements 3915106 28 IVLEDGER ASSETS 1 Book value of real estate unincumbered 336381 79 2 Mortgage loans on real estate first liens 98519 16 3 Loans secured by pledge of bonds stocks or other collaterals 24000 00 4 Book value of bonds excluding interest 203366002 and stocks 245630350 4489963 52 5 Cash in companys office 1362450 de posited in bank Hartford National Bank Hartford 16933752 Metropol itan Trust Company New York 144 71197 327673 99 6 Agents balances representing business written subsequent to October 1 1904 338918 45 7 Agents balances representing business written prior to October 1 1904 1625 48 11 Total ledger assets 5617082 39 NONLEDGEB ASSETS 12 Interest due 16500 and accrued 2 36023 on mortgages 2525 23 13 Interest accrued on bonds and stocks 43314 79 14 Interest accrued on collateral loans 600 00 15 Interest accrued on other assets 1700 00 16 Rents accrued on companys property or lease 1116 79 17 Total 49256 81 19 Market value not including interest in item 13 of bonds and stocks over book value 1242216 98 20 Other nonledger assets viz Gross premiums in course of collection which have not been carried to ledger ac count 45423316 reinsurance due from other compa nies on losses paid 17088 454404 04 21 Gross assets 7362960 22Ml Slti 156 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 1625 48 7 Depreciation from book value of ledger assets to bring same to market value 19446 15 8 Total 21071 63 9 Total admitted assets 7341888 59 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 61402 00 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 331773 61 3 Gross claims for losses resisted 24714 00 4 Total 417889 61 5 Deduct reinsurance due or accrued 29091 31 6 Net amount of unpaid losses and claims 388798 30 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including in terest premiums on perpetual Are risks 270665481 unearned premiums fifty per cent 1353327 41 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 313695221 unearned premiums pro rata 1683521 62 12 Total unearned premiums as computed above 3036849 03 20 Commissions brokerage and other charges due and to be come due to agents and brokers 78991 64 21 Return premiums 4051801 reinsurance premiums 1614029 56658 30 24 Total amount of all liabilities except capital 3561297 27 25 Capital actually paid up in cash 2000000 00 26 Surplus over all liabilities 1780591 32 27 Surplus as regards policyholders 3780591 32 28 Total liabilities 7341888 59COMPTROLLERGENERALS REPORT 157 Business in the State of Georgia during the year Fire Risks written 5171190 00 Premiums received 65256 80 Losses paid 29250 85 Losses incurred 27397 73 QUEEN INSURANCE COMPAIN i OF AMERICA NEW YORK N Y Edward F Beddall President Nevett S Baetow Secretary Principal Office 43 Cedar Street New York City S Y Tupper Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 71000 00 3 Interest on all said bond and mortgage loans 1368 28 6 Total value of mortgaged premises in sured for 7350000 as collateral car ried inside 108500 00 9 Total par and market value of stocks and bonds owned absolutely by the companyI 5432360 05 12 Cash in companys principal office 5217 06 13 Cash belonging to the company deposited inbank 208623 13 Total cash items 213840 19 15 Interest due and accrued on stocks not included in mar ket value uncollected 6785384 on bank balances 31262 68166 46 17 Agents balances not over three months due 584514 62 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 145 57 Agents balances over three months due 1884 90 Total assets of the company actual cash market 6371395 17 value IIILIABILITIES 1 Losses adjusted and unpaid not yet due 98109 90 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 158784 14nmnViiiiiMi i aaaa 158 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest costs and other expenses thereon 33425 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 290319 04 19095 60 6 Net amount of unpaid losses 271223 44 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 245249843 un earned premiums 50 per cent 1226249 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 251629449 unearned premiums pro rata 1347578 80 11 Total unearned premiums as computed above carried out 2573827 99 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 66458 09 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions 9003888 return premi ums 9180725 reinsurance premiums 2823756 total 210083 69 20 Total amount of all liabilities except capital stock and net surplus 3121593 21 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 2249sOl 96 24 Aggregate amount of all liabilities including capital paid up and net surplus 6 371 395 17 IVINCOME DUBIXG THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 535294 19 3 Net collected 535294 19 4 Gross premiums on risks written and re newed during the year 4376081 51 5 Total 4911375 70 6 Deduct premiums and bills in course of collection at this date 586399 52Wffl COMPTROLLERGENERALS REPORT 159 7 Entire premiums collected during the year 4324976 18 8 Deduct reinsurance and return premiums 1012107 77 9 Net cash actually received for premiums carried out 312868 41 10 Received for interest on bonds and mortgages 2890 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 207236 26 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1 54959 profit on sale or maturity of ledger assets dur the year over book values 5915709 total 60706 68 13 Received for calls for increase capital 500000 00 15 Aggregate amount of income actually received during the year in cash 4083701 35 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 23351576 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2128340 and all amounts actually received for reinsur ance in other companies 17450245 total deductions Fire Risks 2553621 66 195785 85 3 Net amount paid during the year for losses 2357835 SI 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 600000 00 6 Paid for commissions or brokerage 603439 87 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 233382 25 8 Paid for State national and local taxes in this and other States 76722 57 9 All other payments and expenditures viz Rents 27 42159 r advertising postage and stationery 4075766 legal expenses 149612 furniture and fixtures 1 78249 miscellaneous 12623323 total 197664 09 10 Amount written off ledger assets to profit and loss ac count bonds 14572 49 Aggregate amount of actual expenditures during the year in cash 4083617 08 160 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 5179717 00 Premiums received gross 105261 24 Losses paid 58150 34 Losses incurred 66909 34 ROCHESTER GERMAN FIRE INSURANCE COMPANY OF ROCHESTER NEW YORK Hon Frederick Cook President H F Atwood Secretary Principal Office corner Irving Place and Main St West Louis Fox Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash IIASSETS 200000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 1 09550 interest accrued thereon 573359 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 333230 00 5 Value of buildings mortgaged insured for 34440000 as collateral 409350 00 6 Total value of said mortgaged premises carried inside 742580 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 1338 60 13 Cash belonging to the company deposited in bank GermanAmerican Bank Ro chester N Y 18524120 Bank of British North America San Francisco Cal 1198535 total 197226 55 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 200000 00 376547 26 341003 35 6829 09 444790 00 198565 15 4774 99 143240 04 Total assets of the company actual cash market vale 1515749 88COMPTROLLERGENERALS REPORT 161 IIILI ABILITIE S 1 Losses due and unpaid 24235 22 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 63358 71 3 Losses resisted including interest costs and other expenses thereon 11410 88 4 Total gross amount of claims for losses 99004 81 5 Deduct reinsurance thereon 19271 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 80130566 un earned premiums 50 per cent 400652 83 8 Gross premiums without any deduction received or receivable upon all unex pired fire risks running more than one year from date of policy 80639084 unearned premiums pro rata 441537 57 79733 46 11 Total unearned premiums as computed above carried out 842190 40 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due agents 2243 26 20 Total amount of all liabilities except capital stock and net surplus 924167 12 21 Joint stock actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 391582 76 24 Aggregate amount of all liabilities including capital paid up and net surplus 1515749 88 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 122615 89 3 Net collected 122615 89 4 Gross premiums on risks written and re newed during the year 1654267 65 5 Total 1776883 54 6 Deduct premiums and bills in course of collection at this date 143240 04 11 in MNM i 162 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year 1633643 50 8 Deduct reinsurance and return premiums 546810 14 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 in crease if any in value of securities viz Rents 9 91682 profit and loss account local agency depart ment 2000000 profit on sale ledger assets 18 11239 total 1086833 36 18992 13 31223 59 48029 21 15 Aggregate amount of income actually received during the year in cash 1185073 29 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 373707 and all amounts actually received for reinsur ances in other companies 32435231 total deductions Fire Risks 1175307 45 328089 38 3 Net amount paid during the year for losses 847218 07 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20000 00 6 Paid for commissions or brokerage 287746 82 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 35074 33 8 Paid for State national and local taxes in this and other States 29046 80 9 All other payments and expenditures 7375557 print ing and stationery 868288 loss on sale of ledger assets 229776 total 84736 21 Aggregate amount of actual expenditures during the year in cash 1303822 23 Business in the State of Georgia during the year Fire risks written 2529917 00 Premiums received gross 32877 02 Losses paid 21299 18 Losses incurred 21915 78COMPTROLLERGENERALS REPORT 163 U S BRANCH OP THE ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Principal Office 50 Wall Street New York City Miltox Dargan Atlanta Attorney for Service in Georgia IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2576900 63 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 320000 00 3 Interest accrued on all said bond and mortgage loans 2311 25 6 Total value of mortgaged premises in sured for 24950000 as collateral carried inside 506500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4206632 18 12 Cash in companys principal office 966 51 13 Cash belonging to the company deposited in bank 415263 98 Cash in branch offices 6151 68 Total cash items 422382 17 15 Interest due and accrued on bonds not included in mar ket value uncollected 46905 15 17 Cash in hands of agents and in course of transmission 936293 64 18 Bills receivable not matured taken for fire marine and inland risks 2185 34 All other assets both real and personal viz Rents due and accrued 1182261 due from other companies for reinsurance on losses already paid 4852939 amount receivable under perpetual policies 9937 other as sets 2000 60471 37 Total assets of the company actual cash market value 8574081 73 IIILI ABILI1IE S 1 Losses due and unpaid 50652 17 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 425165 18 3 Losses resisted including interest costs and other expenses thereon 56258 00 4 Total gross amount of claims for losses 532075 35 5 Deduct reinsurance thereon 131896 33 6 Net amount of unpaid losses 400179 02IHHPBHHH 164 COMPTROLLERGENERALS 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 350396692 unearned premiums fifty per cent 1751983 46 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 523421725 unearned premiums pro rata 2781461 52 9 Excess of original premiums over amount received for reinsurance 559926 un earned premiums pro rata 893 69 11 Total unearned premiums as computed above carried out 4534338 67 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 100583 35 12a Amount reclaimable by the insured on perpetual fire in surance policies being 8595 per cent of the premiums or deposit received 144994 85 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 64712 44 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due to agents and brokers on premiums paid and in course of collection 11272879 return premiums 4696081 reinsurance 7314457 total 232834 17 20 Total amount of all liabilities except net surplus 5477642 48 23 Surplus beyond capital and all other liabilities 3096439 25 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 900607 42 2 Deduct amount of same not collected 992 85 8574081 73 3 Net collected 899614 57 4 Gross premiums on risks written and re newed during the year 7693343 43 5 Total 8592958 00 6 Deduct premiums and Dills m course of collection at this date 954575 02COMPTROLLERGENERALS REPORT 165 7 Entire premiums collected during the year 7638382 98 8 Deduct reinsurance and return premiums 2410324 34 9 Net cash actually received for premiums carried out 5228058 64 10 Received for interest on bonds and mortgages 11195 50 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 186049 10 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 77427 88 12a Deposit premiums less five per cent received from perpetual fire risks car ried inside 7064 44 14 Amount of remittances from home office during the year 1089293 25 15 Aggregate amount of income actually received during the year in cash 5502729 12 VEXPENDITUBES DURING THE YEAE Fire Eisks 1 Gross amount actually paid for losses in cluding 47450029 losses occurring in previous years 4106029 84 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3063725 and all amounts actually received for reinsur ances in other companies 70619243 total deductions 736829 68 3 Net amount paid during the year for losses 3369200 16 6 Paid for commissions or brokerage 917791 80 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 395633 02 8 Paid for State national and local taxes in this and other States 162093 71 9 All other payments and expenditures viz Rents print ing stationery traveling legal and all other expenses 348136 95 9a Amount of deposit premiums returned during the year on perpetual fire risks carried inside 60096 81 10 Amount sent to home office during the year 1486179 18 Aggregate amount of actual expenditures during the year in cash 5192855 64BB 166 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 15437632 72 Premiums received gross 87464 71 Losses paid 41340 47 Losses incurred 39558 47 SCOTTISH UNION AND NATIONAL FIRE INSURANCE COMPANY EDINBURGH SCOTLAND James H Bkewster U S Manager Principal Office 36 Pearl Street Hartford Conn Edgar Dunlap Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 30000000 00 2 Amount paid up in cask 1500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 189830 65 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 776148 42 3 Interest due on all said bond and mortgage loans 8 90015 interest accrued thereon 267643 total 11576 58 4 Value of lands mortgaged exclusive of buildings and perishable improvements 674785 00 5 Value of buildings mortgaged insured for 834500 as collateral 1099750 00 6 Total value of said mortgaged premises carried inside 1774535 00 9 Total par and market value of stocks and bonds owned absolutely by the company 3348860 25 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 2000 00 12 Cash in companys principal office 500 00 13 Cash belonging to the company deposited in bank National Exchange Bank Hartford Conn 17241229 Imperial Bank of Canada Toronto Ont 32 92797 First National Bank Albu querque N M 500000 San Miguel National Bank Las Vegas N M 5 00000 Union Building and Loan CoCOMPTROLLERGENERALS REPORT 167 Cleveland Ohio 1000000 Lake Shore Banking and Savings Co Cleveland Ohio 500000 First National Bank San Francisco Cal 370500 total 234045 26 Total cash items 234545 26 15 Interest due and accrued on stocks not included in mar ket value uncollected 11991 91 16 Interest due and accrued on collateral loans and uncol lected 5000 17 Cash in hands of agents and in course of transmission 442343 43 All other assets both real and personal viz Interest due and accrued on securities not included above 431 23 Total assets of the company actual cash market value 5017777 73 IIILIABILITIES 1 Losses adjusted not yet due 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 82819 67 192259 94 20704 92 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 295784 53 93657 48 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 153695825 unearned premiums fifty per cent Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 176102473 unearned premiums pro rata 768479 13 906896 93 11 Total unearned premiums as computed above carried 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 4707472 reinsurance 6838084 commissions and other charges due or to become due agents 6298276 total 202127 05 1675376 06 178438 32 20 Total amount of all liabilities except net surplus 2055941 43BPHHHHHHHriHHBHHkHH 168 COMPTROLLERGENERALS REPORT 21 Deposit capital 200000 00 23 Surplus beyond capital and all other liabilities 2961836 30 24 Aggregate amount of all liabilities including net sur plus 5017777 73 IVINCOME DURING THE YEAB Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 279631 17 3 Net collected 279631 17 4 Gross premiums on risks written and re newed during the year 3369240 73 5 Total 3648871 90 6 Deduct premiums and bills in course of collection at this date 274315 17 7 Entire premiums collected during the year 3374556 73 8 Deduct reinsurance and return premiums 1414554 73 9 Net cash actually received for premiums carried out 1960002 00 10 Received for interest on bonds and mortgages 40558 46 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 123346 81 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 21777 84 15 Aggregate amount of income actually received during the year in cash 2145685 11 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 26441444 losses occurring in previous years 2158101 06 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3683044 and all amounts actually received for reinsur ances in other companies 83259130 total deductions 869421 74 3 Net amount paid during the year for losses 1288679 32 6 Paid for commissions or brokerage 405831 31 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 97836 91COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 10 81213 expenses on real estate 1619554 miscella neous expenses 10874739 total 10 Amount sent to home offices during the year Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written 2 Premiums received gross Losses paid Losses incurred 169 58820 80 135755 06 1124 02 988047 42 093192 00 30865 62 7391 46 9544 60 SOUTHERN MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Billots Phinizy President A E Gbiffith Secretary Principal Office 102 and 104 College Avenue This is a mutual company having no capital stock Its assets at present market value amount to 1047517 67 IIASSETS 1 Market value of real estate owned hy the company less the amount of incumbrances thereon 20000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 980240 00 13 Cash belonging to the company deposited in bank Geor 22058 86 gia National 15 Interest due and accrued on stocks not included in mar ket value uncollected 18H 00 17 Cash in hands of agents and in course of transmission 6508 81 Total assets of the company actual cash market 1047517 67 valuev IIILIABILITIES 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses I077 b9 7 Gross premiums without any deduction received and re ceivable upon all unexpired fire risks running one year or less from date of policy 30115968 unearned pre miums fifty per cent 150579P P immtsmmm mm 170 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except capital stock scrip and net surplus 151657 53 22 Scrip outstanding 118494 58 23 Surplus beyond capital and all other liabilities 777305 56 24 Aggregate amount of all liabilities including capital paid up and net surplus 1047517 67 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 304320 09 8 Deduct reinsurance and return premiums 3160 41 9 Net cash actually received for premiums carried out 301159 68 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 41220 00 12 Income received from all other sources omitting in crease if any in value of securities viz Profit and loss 215 00 15 Aggregate amount of income actually received during the year in cash 342594 68 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses on fire risks in cluding 880516 losses occurring in previous years 89418 76 5 Scrip or certificates of profits redeemed in cash and in terest paid to scripholders 173606 52 6 Paid for commissions or brokerage 45172 77 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 15755 00 8 Paid for State national and local taxes in this and other States 9J08 12 9 All other payments and expenditures viz Expense ac count 2985 36 Aggregate amount of actual expenditures during the year in cash 336646 53 Business in the State of Georgia during the year Fire risks written 29448379 00 Premiums received gross 301159 68 Losses paid 89418 76 Losses incurred 81691 29COMPTROLLERGENERALS REPORT 171 SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS A W Damon President W J Mackay Secretary Principal Office 292 Main Street C L Stoney Co Atlanta Attorneys for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2000000 00 2 Amount paid up in cash 2000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 421000 00 2 Loans on bond and mortgage duly recorded and being first liens onthe fee simple 548424 00 3 Interest accrued on all said bond and mortgage loans 13868 10 4 Value of lands mortgaged exclusive of buildings and perishable improvements 380900 00 5Value of buildings mortgaged insured for 70137500 as collateral 655600 00 6 Total value of said mortgaged premises carried inside 1036500 00 9 Total par and market value of stocks and bonds owned absolutely by the company 4370875 00 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 16100 00 12 Cash in companys principal office 2420 89 13 Cash belonging to the company deposited in bank John Hancock National Springfield 2908919 Agawam Na tional 1543252 Third National 22230805 Third National special department 20124109 total 468070 85 471 491 74 Total cash items 15 Interest due and accrued on stocks and bonds not includ ed in market value uncollected 31967 10 16 Interest due and accrued on collateral loans and uncol lGctcd 17 Cash in hands of agents and in course of transmission 716664 85 All other assets both real and personal viz Rents due 537 84 and accrued Total assets of the company actual cash market 6590231 13 value 172 COMPTROLLERGENERALS REPORT IIILI ABILITIE S 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 262588 03 24997 07 4 Total gross amount of claims for losses 287585 10 5 Deduct reinsurance thereon 46274 16 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 251163965 unearned premiums fifty per cent 1255819 82 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 259937358 unearned premiums pro rata 1374781 22 241310 94 11 Total unearned premiums as computed above carried out 2630601 04 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission on premiums in course of lection 143332 97 20 Total amount of all liabilities except capital stock and net surplus 3015244 95 21 Joint stock capital actually paid up in cash 2000000 00 23 Surplus beyond capital and all other liabilities 1574986 18 24 Aggregate amount of all liabilities including capital paid up and net surplus 6590231 13 IVINCOME DURING THE YEAR Fire Rsks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 635242 22 3 Net collected 635242 22 4 Gross premiums on risks written and re newed during the year 4737951 30 5 Total 5373193 52 6 Deduct premiums and bills in course of collection at this date 716664 85COMPTROLLERGENERALS REPORT m Entire premiums collected during the year 4656528 67 Deduct reinsurance and return premiums 1237346 07 9 Net cash actually received for premiums carried out 3419182 60 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 27772 66 183591 11 4668 43 15 Aggregate amount of income actually received during lL year In cash 3635214 80 VEXPENDITURES DURING THE TEAR Fire Risks 1 Gross amount actually paid for losses in cluding 27942356 losses occurring in previous years 2706899 95 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 924281 and all amounts actually received for reinsur ances in other companies 50906680 total deductions 518309 61 Net amount paid during the year for losses 2188590 34 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 200000 00 647994 10 States All other payments and expenditures viz incidental legal traveling and all other ex 158657 92 123504 80 Office and agency penses 322760 52 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 3641507 68 Fire risks written Premiums received gross Losses paid Losses incurred 2254603 00 44052 16 14135 41 14756 98 174 COMPTROLLERGENERALS REPORT ST PAUL FIRE AND MARINE INSURANCE COMPANY OP ST PAUL MINN C H Bigelow President A W Perry Secretary Principal Office S W Corner Jackson and Third Streets J L Riley Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 371476 65 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 610402 13 4 Value of lands mortgaged exclusive of buildings and perishable improvements 434110 00 5 Value of buildings mortgaged insured for 67930000 as collateral 884490 00 6 Total value of said mortgaged premises carried inside 1318600 00 9 Total par and market value of stocks and bonds owned absolutely by the company 2456997 30 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 19330 94 12 Cash in companys principal office 860 18 13 Cash belonging to the company deposited in bank Merchants National Bank St Paul 11235475 National German American Bank St Paul 4897387 U S Mortgage Trust Co New York 7729312 Robarts Lubbach Co London Eng 3386401 total 272485 75 Total cash items 273345 93 17 Cash in hands of agents and in course of transmission 261463 93 18 Bills receivable not matured taken for fire marine and inland risks X4 222 73 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 4657 60 Total assets of the company actual cash market value 4011897 21COMPTROLLERGENERALS REPORT 175 IIILIABILITIES 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 234854 13 18330 00 4 Total gross amount of claims for losses 253184 13 5 Deduct reinsurances thereon 19629 21 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 139861850 un earned premiums 50 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 2549896 63 unearned premiums pro rata 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 13291832 669309 25 1418070 69 66459 16 11 Total unearned premiums as computed above carried 233554 92 out 2183839 10 20 Total amount of all liabilities except capital stock and net surplus 2417394 02 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 1093201 87 24 Aggregate amount of all liabilities including capital paid up and net surplus 4010595 89 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 279055 54 17136 95 3 Net collected 279055 54 17136 95r 176 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and renewed during the year 3537365 30 699934 89 5 Total 3816420 84 71707184 6 Deduct premiums and bills in course of collection at this date 266121 53 14222 73 7 Entire premiums collected during the year 3550299 31 702849 11 8 Deduct reinsurance and re turn premiums 721223 43 274847 56 9 Net cash actually received for premiums carried out 2829075 88 428001 55 3257077 45 10 Received for interest on bonds and mortgages 25544 67 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 114124 11 12 Income received from all other sources Rents 17005 56 15 Aggregate amount of income actually received during the year in cash 3413751 77 VEXPENDITURES DURING THE YEAR 2 1 Gross amount actually paid for losses includ ing 32085877 losses oc curring in previous years Deduct all amounts actu ally received for sal vages whether on losses of the last or of previous year 2865629 and all amounts actually re ceived for reinsurance in other companies 427 38087 total deductions 1873433 36 587295 65 140947 29 315089 87 3 Net amount paid during the year for losses 1732486 07 272205 78 2004691 85 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 734560 80 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 103766 84COMPTROLLERGENERALS REPORT 177 8 Paid for State national and local taxes in this and other States 76887 68 9 All other payments and expenditures viz General oper ating expenses 160953 03 Aggregate amount of actual expenditures during the year in cash 3130860 20 Business in the State of Georgia during the year Risks written 3481078 00 117034100 3651419 00 Premiums received gross 49896 94 4902 44 54799 38 Leases paid 12414 60 2912 49 15327 09 Losses incurred 12219 43 2912 49 15131 92 UNITED STATES BRANCH SUN INSURANCE OFFICE OF LONDON ENGLAND J J Guile Manager Principal Office 54 Pine St New York City A B Andrews Atlanta Attorney for Service in Georgia IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 261000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 50000 00 3 Interest accrued on all said bond and mortgage loans 375 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 40000 00 5 Value of buildings mortgaged insured for 4000000 as collateral 47500 00 6 Total value of said mortgaged premises carried inside 87500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2279307 75 12 Cash in companys principal office 394 39 13 Cash belonging to the company deposited in bank Merchants National Bank 12242863 Bank of New York 112 07544 National Bank of Commerce 395118 Mercantile Trust Company 182877 Commercial National Bank Chicago 2556833 total 265852 35 Total cash items 266246 74 12 in mmmmgmmm mmm m stE T L Pri2awft Z 178 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks and bonds not in cluded in market value uncollected 26898 91 17 Cash in hands of agents and in course of transmission 310303 99 All other assets both real and personal viz Rents due and accrued 1316 67 Total assets of the company actual cash market value 3195449 06 IIILIABILITIES 1 Losses due and unpaid 43151 61 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 141105 00 3 Losses resisted including interest costs and other expenses thereon 20177 43 4 Total gross amount of claims for losses 204434 04 5 Deduct reinsurance thereon 11955 99 6 Net amount of unpaid losses 192478 05 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 161491036 un earned premiums 50 per cent 807455 18 8 Gross premiums without any deduction received and receivable upon all unex pired Hre risks running more than one year from date of policy 206337691 unearned premiums pro rata 1099146 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 con tested viz Reinsurance 20 Total amount of all liability except net surplus 23 Surplus beyond capital and all other liabilities 1906602 03 5379 6405 13 2110865 09 1084583 97 24 Aggregate amount of all liabilities including capital paid up and net surplus 3195449 06 IVINCOME DURING THE YEAR 7 Entire premiums collected during the year 3030292 77 8 Deduct reinsurance and return premiums 700475 89 9 Net cash actually received for premiums carried out 2329816COMPTROLLERGENERALS REPORT 179 10 Received for interest on bonds and mortgages 2468 53 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 79440 77 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 11 51125 interest on bank deposits 471535 profit on sale of bonds 767446 total 23901 06 14 Remittances from home office during the year 536854 86 15 Aggregate amount of income actually received during the year in cash 2972482 10 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 20378928 losses occurring in previous years 1816365 33 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 1108296 and all amounts actually received for reinsurance in other companies 98 51913 total deductions 109602 09 3 Net amount paid during the year for losses 1706763 24 6 Paid for commissions or brokerage 535722 51 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 114694 57 8 Paid for State national and local taxes in this and other States 54556 69 9 All other payments and expenditures viz Rents 21 33600 general and agency expenses 9536333 post age 1138320 advertising 846875 stationery and printing 1135541 maps 662459 total 15453128 10 Amount sent to home office during the year 181410 49 Aggregate amount of actual expenditures during the year in cash 2747678 78 Business in the State of Georgia during the year Fire risks written 1528615 00 Premiums received gross 29856 76 Losses paid 8370 21 Losses incurred 9314 38180 COMPTROLLERGENERALS REPORT SUN FIRE INSURANCE COMPANY OF NEW ORLEANS LA Chables Janvieb President Febgus G Lee Secretary Principal Office 308 Camp Street Jno C Whitneb Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 35000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1002770 00 12 Cash in companys principal office 269 26 13 Cash belonging to the company deposited in bank 24858 62 Total cash items 25127 88 All other assets both real and personal viz Premiums in course of collection 48029 06 Total assets of the company actual cash market value 1110926 94 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 28479 00 3 Losses resisted including interest costs and other expenses thereon 8816 00 4 Total gross amount of claims for losses 37295 00 5 Deduct reinsurance thereon 6607 00 6 Net amount of unpaid losses 30688 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 26819019 un earned premiums 0 per cent 134095 09COMPTROLLERGENERALS REPORT 181 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 19430499 unearned premiums pro rata 107691 05 11 Total unearned premiums as computed above carried out 16 Cash dividends to stockholders remaining unpaid 18 Amount of borrowed money 19 All other demands against the company absolute and contingent due and to become due admitted and con contested viz Due for reinsurance 241786 14 26190 00 18500 00 6605 36 20 Total amount of all liabilities except capital stock and net surplus 323769 50 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 287157 44 24 Aggregate amount of all liabilities including capital paid up and net surplus 1110926 94 IVINCOME DURING THE YEAE Marine and Fire Risks Inland Risks 4 Gross premiums on risks written and renewed during the year 564122 98 34003 75 7 Entire premiums collected during the year 564122 98 34003 75 8 Deduct reinsurance and re turn premiums 218242 24 13998 47 9 Net cash actually received for premiums carried out 345880 74 20005 28 365886 02 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 39674 05 12 Income received from all other sources omitting in crease if any in value of securities viz Profit and loss account 54852 bills payable 9000000 total 90548 52 15 Aggregate amount of income actually received during the year in cash 496108 59jmammmmmmBmm 182 COMPTROLLERGENERALS REPORT EXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses includ ing 2864752 losses oc curring in previous years 2 Deduct all amounts actu ally received for sal vages whether on losses of the last or of previous year 153222 and all amounts actually re ceived for reinsurances in other companies 76 61849 total deductions Fire Risks 265842 53 Marine and Inland Risks 16592 65 66745 61 11405 10 4 5 6 3 Net amount paid during the year for losses 199096 92 5187 55 204284 47 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50 00000 49830 00 Bills payable 10850000 interest on bills payable 4 53712 profit and loss account 81134 113848 46 Paid for commissions or brokerage 59403 94 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 23489 92 8 Paid for State national and local taxes in this and other States 9853 55 9 All other payments and expenditures viz Rent 2500 taxes on real estate 101500 taxes on assets 2 19725 various expenses 3769019 total 43402 44 Aggregate amount of actual expenditures during the year in cash 504112 78 Business in the State of Georgia during the year Fire risks written 1707081 00 Premiums received gross 50039 56 Losses paid 30718 02 Losses incurred 32078 02pjwjy COMPTROLLERGENERALS REPORT 183 TRADERS FIRE INSURANCE COMPANY OF CHICAGO ILL Thies J Lefens President S A Rothebmel Secretary Principal Office 160 LaSalle Street Jno T Rowland Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 25399 84 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 249966 07 3 Interest accrued on all said bond and mortgage loans 5902 85 4 Value of lands mortgaged exclusive of buildings and perishable improvements 668967 50 5 Value of buildings mortgaged insured for 9165000 as collateral 212557 50 6 Total value of said mortgaged premises carried inside 881525 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2173070 90 12 Cash in companys principal office 2936 46 13 Cash belonging to the company deposited in bank Corn Exchange National Bank 171257 83 Total cash items 4194 29 15 Interest due and accrued on stocks not included in mar ket value uncollected 4232 47 17 Cash in hands of agents and in course of transmission 210059 60 All other assets both real and personal viz Due to this company on local agency account 27127 25 Total assets of the company actual cash market value 2869953 87 IIILIABILITIES 1 Losses due and unpaid 23051 47 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 137116 22liiiilTliiiiiiiiiiiiiiiiiiiiiiiiiii 184 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest costs and other expenses thereon 4200 00 4 Total gross amount of claims for losses 164367 69 5 Deduct reinsurance thereon 32426 46 6 Net amount of unpaid losses 131941 23 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 107501066 un earned premiums 50 per cent 537505 33 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 115774464 unearned premiums pro rata 637214 58 11 Total unearned premiums as computed above carried out 1174719 91 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission 371802 due from this company on local agency account 1510989 total 18827 91 20 Total amount of all liabilities except capital stock and net surplus 1325489 05 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 1044464 82 24 Aggregate amount of all liabilities including capital paid up and net surplus 2869953 87 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 178587 97 3 Net collected 178587 97 4 Gross premiums on risks written and re newed during the year 2215626 52 5 Total 2394214 49 6 Deduct premiums and bills in course of collection at this date 212944 70 7 Entire premiums collected during the year 2181269 79 8 Deduct reinsurance and return premiums 694012 53COMPTROLLERGENERALS REPORT 185 9 Net cash actually received for premiums carried out 1487257 26 10 Received for interest on bonds and mortgages 10743 80 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 94672 25 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 2330 00 15 Aggregate amount of income actually received during the year in cash 1595003 31 VEXPENDITURES DURING THE TEAR 1 Gross amount actually paid for losses including 12303270 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1077048 and all amounts actually received for reinsur ances in other companies 14638049 total deductions Fire Risks 1109970 33 157150 97 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 post age printing supplies and miscellaneous expenses 6535642 items charged to profit and loss 76992 total 952819 36 50000 00 361382 45 92565 40 40682 64 66126 34 Aggregate amount of actual expenditures during the year in cash W686W 19 Fire risks Premiums received Losses paid Losses incurred Business in the State of Georgia during the year written 1806499 00 gross 30439 75 15503 90 17641 71 v yWu 186 COMPTROLLERGENERALS REPORT UNION ASSURANCE SOCIETY OF LONDON ENGLAND Hall Hinshaw United States Managers Principal Office 35 Pine St New York City C L Stoney Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock statutory deposit 305000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 200000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1303450 00 12 Cash in companys principal office 269 36 13 Cash belonging to the company deposited in bank National City Bank New York 6212901 Title Guarantee and Trust Company New York 200000 Canadian Bank of Commerce San Francisco 2011450 total 84243 51 Total cash items 84 52 7 15 Interest due and accrued on stocks not included in mar ket value uncollected 13 445 94 17 Agents balances for uncollected premiums 179940 32 All other assets both real and personal viz Victoria Fire Insurance Co of New York 159664 Law Union and Crown England 495 New York Fire In surance Company New York 375 total 1605 34 Total assets of the company actual cash market value 1782954 47 IIILIABILITIES 1 Losses due and unpaid 30575 71 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 118149 82 3 Losses resisted including interest costs and other expenses thereon 23842 50 4 Total gross amount of claims for losses 172568 03 5 Deduct reinsurance thereon 38333 49 6 Net amount of unpaid losses 134234 54 COMPTROLLERGENERALS REPORT 187 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 91473134 unearned premiums fifty per cent 457365 68 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 55050440 unearned premiums pro rata 306960 38 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 77500 reinsurance 1039007 total TM326 06 11165 07 20 Total amount of all liabilities except net surplus 23 Surplus beyond capital and all other liabilities 909725 67 873228 80 24 Aggregate amount of all liabilities including capital paid up and net surplus 1782954 47 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 1776182 38 8 Deduct reinsurance and return premiums 633246 97 9 Net cash actually received for premiums carried out 1142935 41 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 16 37584 profit on sale bonds 59918 total 14 Amount of remittances from home office during the year 45043 62 16975 02 532200 00 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE TEAR Fiie Bisks 1 Gross amount actually paid for losses in cluding 8825000 losses occurring in previous years 1137452 25 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 314042 and all amounts actually received for reinsur ances in other companies 17684852 total deductions 179988 94iiMH mx mmmm 188 COMPTROLLERGENERALS REPORT 3 Net amount paid during the year for losses 957463 31 4 Real estate taxes and expenses 7375 84 5 Rent 5000 04 6 Paid for commissions or brokerage 285165 80 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 39423 61 8 Paid for State national and local taxes in this and other States 27563 20 9 All other payments and expenditures viz Traveling advertising printing and stationery maps boards pos tage exchange expressage telegrams office expenses 45083 36 10 Amount sent to home office during the year 295863 90 Aggregate amount of actual expenditures during the year in cash 1662939 06 Business in the State of Georgia during the year Fire risks written 910764 00 Premiums received gross 8814 19 Losses paid 7172 00 Losses incurred 4620 74 WESTERN ASSURANCE COMPANY OF TORONTO CANADA Geo A Cox President C C Foster Secretary Principal Office 22 Wellington Street East IIASSETS 2 Loans on bond and mortgage duly recorded and being ing 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 13 Cash in companys principal office 145 33 Cash belonging to the company deposited in bank Canadian Bank of Commerce New York 6762102 Corn Exchange National Bank Chicago 30459 total 67925 61 15000 00 1873843 09 Total cash items 68070 94 17 Cash in hands of agents and in course of transmission 447999 64 18 Bills receivable not matured taken for fire marine and inland risks 20974 05 Total assets of the company actual cash market value 2425887 7aCOMPTROLLERGENERALS REPORT 189 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 15005 77 88587 11 6732 47 6 Net amount of unpaid losses 110325 35 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 169477185 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 110672946 unearned premiums pro rata 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 18294063 fifty per cent 10 Gross premiums without any deduction received and receivable upon all unex pired marine risks 847385 93 583348 70 91470 31 5166 92 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingest due and to become due admitted and con tested viz Commissions 1527371 86 65391 26 20 Total amount of all liabilities except net surplus 1703088 47 23 Surplus beyond capital and all other liabilities 722799 25 24 Aggregate amount of all liabilities including capital paid up and net surplus 2425887 72 IVINCOME DURING THE YEAB 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement Fire Risks Marine and Inland Risks 428400 67 94868 95 w 190 COMPTROLLERGENERALS REPORT 3 Net collected 428400 67 94868 95 4 Gross premiums on risks written and renewed during the year 2981233 74 532892 59 5 Total 3409634 41 627761 54 6 Deduct premiums and bills in course of collection at this date 383920 28 85053 41 7 Entire premiums collected during the year 3025714 13 542708 13 8 Deduct reinsurance and re turn premiums 804430 37 70554 48 9 Net cash actually received for premiums carried out 2221283 76 472153 65 2693437 41 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 65726 50 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 9409 19 14 Amount of remittances from home office during the year 100044 50 15 Aggregate amount of income actually received during the year in cash 2768573 10 VEXPENDITUBES DURING THE YEAR Fire Risks Gross amount actually paid for losses includ ing 13593223 losses oc curring in previous years 1747594 27 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year and all amounts actually received for re insurances in other com nanies 121602 13 Marine and Inland Risks 378670 32 42129 41 3 Net amount paid during the year for losses 1625992 14 336540 91 1962533 05 6 Paid for commissions or brokerage 532484 18 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 92565 97COMPTROLLERGENERALS REPORT 191 8 Paid for State national and local taxes in this and other States 71241 25 9 All other payments and expenditures 191435 28 Aggregate amount of actual expenditures during the year in cash2850259 73 Business in the State of Georgia during the year Marine and Fire Inland Aggregate Risks written3097960 00 666624 00 3764584 00 Premiums received gross 35320 61 3207 42 38528 03 Losses paid 15072 90 15072 90 Losses incurred 17182 88 17182 88 WESTCHESTER FIRE INSURANCE COMPANY OP NEW YORK N Y George R Crawford President Morell O Brown Secretary Principal Office 100 William Street J L Riley Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash IIASSETS 300000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 1521 90 interest accrued thereon 168510 total Value of lands mortgaged exclusive of buildings and perishable improvements 312750 00 Value of buildings mortgaged insured for 31660000 as collateral 346450 00 4 5 300000 00 56976 17 323200 00 3207 00 6 Total value of said mortgaged premises carried inside 659200 00 9 Total par and market value of stocks and bonds owned absolutely by the company 2851650 00 12 Cash in companys principal office 2435 29 13 Cash belonging to the company deposited in bank Chatham National Bank New York 7664636 Union Trust Co New York 2088060 total 97326 96 Total cash items 99962 25Hbh HWip 192 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in mar ket value uncollected 21375 00 17 Cash in hands of agents and in course of transmission 280101 02 Total assets of the company actual cash market value 3636471 44 IIILIABILITIES 1 Losses due and unpaid 1037040 not yet due 3278673 43157 13 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 127657 41 3 Losses resisted including interest costs and other expenses thereon 4800 00 4 Total gross amount of claims for losses 175614 54 5 Deduct reinsurance thereon 22265 14 6 Net amount of unpaid losses 153349 40 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 140759628 unearned premiums fifty per cent 703798 14 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 205325316 unearned premiums pro rata 1042235 63 11 Total unearned premiums as computed above carried out 1746033 77 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 20940 reinsurance premiums 1526050 office furniture 1470000 sal aries and commissions 1403424 total 44204 14 20 Total amount of all liabilities except capital stock and net surplus 1943587 31 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 1392884 13 24 Aggregate amount of all liabilities including capital paid up and net surplus 3636471 44COMPTROLLERGENERALS REPORT 193 IVINCOME DURING THE YEAB Fire Risks 7 Entire premiums written during the year 2711390 58 8 Deduct reinsurance and return premiums 683350 06 9 Net cash actually received for premiums carried out 2028040 52 10 Received for interest on bonds and mortgages 19527 91 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 98280 73 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1 93272 and other interest 270192 total 4634 64 13 Profit on sale of securities and real estate 60726 84 15 Aggregate amount of income actually received during the year in cash 2211210 64 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 15679520 losses occurring in previous years 1527538 96 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 515150 and all amounts actually received for reinsur ances in other companies 22630147 total deductions 231452 97 3 Net amount paid during the year for losses 129608599 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 60000 00 6 Paid for commissions or brokerage 412389 40 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 129596 54 8 Paid for State national and local taxes in this and other States 55078 31 9 All other payments and expenditures viz Postage tele grams expressage advertising printing and station ery fire patrols maps general agency traveling and incidentals 238453 33 10 Agents balances charged to profit and loss 19600 05 Aggregate amount of actual expenditures during the year in cash 2211203 62 Business in the State of Georgia during the year Fire risks written 2208515 00 Premiums received gross 38768 39 Losses paid 29069 07 Losses incurred 23747 76 13 inmmmmMKmmmm S M is a 194 COMPTROLLERGENERALS REPORT WILLIAMSBURG CITY FIRE INSURANCE COMPANY OF BROOKLYN NEW YORK Marshall S Dkiggs President Fbedeeick H Way Secretary Principal Office 13 Broadway Brooklyn N Y Wm R Hoyt Atlanta Attorney for Service in Georgia icapital 1 Whole amount of capital stock 2 Amount paid up in cash 250000 00 250000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 672929 76 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 237100 00 3 Interest due on all said bond and mortgage loans 461 25 interest accrued thereon 96145 total 1422 70 4 Value of lands mortgaged exclusive of buildings and perishable improvements 203250 00 5 Value of buildings mortgaged insured for 19950000 as collateral 196500 00 6 Total value of said mortgaged premises carried inside 399750 00 9 Total par and market value of stocks and bonds owned absolutely by the company 1315045 00 11 Total amount loaned on stocks bonds and all other secu rities except mortgages 35250 00 12 Cash in companys principal office 2347 95 13 Cash belonging to the company deposited in bank First National Bank of Brooklyn 2423537 Mechanics Na tional Bank of Brooklyn 9217926 Chatham National Bank New York 297591 Broadway Trust Co New York 4000000 Williamsburgh Trust Co 115033 total 160540 87 Total cash items 162888 82 15 Interest due and accrued on stocks not included in mar ket value uncollected 5135 00 16 Interest due and accrued on collateral loans and uncol lected 291S 87COMPTROLLERGENERALS REPORT 195 17 Cash in hands of agents and in course of transmission 179688 94 All other assets both real and personal viz Rents due and accrued 6857 28 Total assets of the company actual cash market value 2619236 37 IIILIABILITIES 1 Losses due and unpaid 18527 91 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 78015 71 3 Losses resisted including interest costs and other expenses thereon 9650 00 4 Total gross amount of claims for losses 106193 62 5 Deduct reinsurance thereon 14723 70 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 75137040 unearned premiums 50 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 1105460977 unearned premiums pro rata 91469 92 375685 20 560979 29 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes 670873 due for commissions 3278711 due for reinsurance 497276 total 936664 49 44468 60 20 Total amount of all liabilities except capital stock and net surplus 1072603 01 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 1296633 36 24 Aggregate amount of all liabilities including capital paid up and net surplus 2619236 37 IVINCOME DUBING THE YEAB Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 168452 23 2 Deduct amount of same not collected 13476 17MHHHi iiitj II I HBBM 19g COMPTROLLERGENERALS REPORT 3 Net collected 154976 06 4 Gross premiums on risks written and re newed during the year 1445950 05 5 Total 1600926 11 6 Deduct premiums and bills in course of collection at this date 180384 12 7 Entire premiums collected during the year 1420541 99 8 Deduct reinsurance and return premiums 284185 78 9 Net cash actually received for premiums carried out 1136356 21 10 received for interest on bonds and mortgages 12199 17 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 46663 72 12 Income received from all other sources 38278 44 15 Aggregate amount of income actually received during the year in cash 1233497 54 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 7986147 losses occurring in previous years 774456 05 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 132518 and all amounts actually received for reinsur ances in other companies 7804011 total deductions 79365 29 3 Net amount paid during the year for losses 695090 76 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 75000 00 6 Paid for commissions or brokerage 272618 34 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 92854 91 8 Paid for State national and local taxes in this and other States 30701 81 9 All other payments and expenditures 72275 26 Aggregate amount of actual expenditures during the year in cash 1238541 08 Business in the State of Georgia during the year Fire risks written 1661622 00 Premiums received gross 23888 00 Losses paid 8604 20 Losses incurred 7953 23COMPTROLLERGENERALS REPORT 197 ATLANTA INDUSTRIAL LIFE INSURANCE COMPANY J N McEachern President I M Sheffield Secretary Principal Office Atlanta Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Increase capital during 1905 20000 00 Extended at l2000 00 IVASSETS AS PEE LEDGER ACCOUNT 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 115495 83 7 Cash in companys office 4504 17 13 Total net or ledger assets 120000 00 JETNA 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 Icapital stock 1 Amount of capital stock paid up in cash 2000000 00 Amount of ledger assets as per bal ance December 311903 64711836 13 Extended at64711836 13 IIINCOME As shown by the books at home office at close of business Dec 31 1904 1 First years premiums on original policies without deduction for commissions or other expenses 1198925 31 2 Surrender values applied to pay first years premiums 5065 42 3 Total first years premiums on original policies 1203990 73 4 Dividends applied to purchase paidup additions and annuities 11076 72198 COMPTROLLERGENERALS REPORT 5 Surrender values applied to purchase paidup insurance and annuities 280699 49 7 Consideration for supplementary con tracts involving life contingencies 10000 00 8 Total new premiums life business 1505766 94 9 Renewal premiums in addition to items 10 and 11 without deduction for com missions or other expenses less 7 96665 for reinsurance on renewals 7463580 10 10 Dividends applied to pay renewal premi ums 500520 36 11 Surrender values applied to pay renewal premiums 570 44 13 Total renewal premiums life business 7964670 90 14 Total premium income life business 9470437 84 15 Consideration for supplementary contracts not involv ing life contingencies 25771 52 18 Interest on mortgage loans 1607528 18 19 Interest on collateral loans 61029 17 20 Interest on bonds and dividends on stocks 1040448 60 21 Interest on premium notes policy loans or liens 240123 14 22 Interest on other debts due the company and on deposits in banks 68406 01 23 Discount on claims paid in advance 1611 32 24 Rent from companys property including 2300000 for companys own occupancy 41950 27 25 Total interest and rents 3061096 69 26 Profit on sale or maturity of ledger assets 1520 32 Profit and loss 16 98 Premium income accident health and liability business 3372713 41 28 Total income 15931556 76 IIIDISBUBSEMENTS As shown by the books at home office at close of business Dec 31 1904 1 For death claims less 111832 reinsur ance 2890372 30 2 For matured endowments 1528085 00 3 Net amount paid for losses and matured endowments 4418457 30 4 For annuities involving life contingencies 1276 79 6 Surrender values paid in cash 258587 42COMPTROLLERGENERALS REPORT 199 7 Surrender values applied to pay new pre miums 506542 to pay renewal pre miums 57044 5635 86 8 Surrender values applied to purchase paidup insurance and annuities 280699 49 9 Dividends paid to policyholders in cash 212426 84 10 Dividends applied to pay renewal premi ums 500520 36 11 Dividends applied to purchase paidup ad ditions and annuities 11076 72 12 Total paid policyholders 5688680 78 13 Paid for claims on supplementary contracts not involv ing life contingencies 7937 52 14 Paid stockholders for interest or dividends 200000 00 15 Commissions and bonuses to agents less commissions on reinsurance first years premiums 65899662 re newal premiums 43848164 1097478 26 17 Salaries and allowances for agencies including man agers agents and clerks 50038 24 18 Agency supervision traveling and all other agency ex penses 20021 33 19 Medical examiners fees 9034400 inspection of risks 1933279 109676 79 20 Salaries and all other compensation of officers and home office employees 207971 30 21 Rent including 2300000 for companys own occupancy 54811 88 22 Advertising 1773945 printing and stationery 28059 91 postage 4125574 87055 10 Legal expenses 18873 44 Furniture fixtures and safes 15352 65 Insurance taxes licenses and department fees 346458 39 Taxes on real estate 8479 65 27 Repairs and expenses other than taxes on real estate 32241 17 29 All other disbursements Exchange 196198 supplies 4617651 express 677078 telegraph 400085 in cidentals 142731 60337 43 23 24 25 26 Total disbursementslife business Total disbursementsaccident health and liability busi ness 8005413 93 2753442 03 30 Total disbursements 10758855 96 IVLEDGER ASSETS 1 Book value of real estate 633164 74 2 Mortgage loans on real estate 32686317 72 3 Loans secured by pledge of bonds stocks or other collat teral 1051394 62i wa s i m 200 COMPTROLLERGENERALS REPORT 4 Loans made to policyholders on this companys policies assigned as collateral 3553880 50 5 Premium notes on policies in force of which 649202 is k for first years premiums 337623 58 6 Book value bonds excluding interest 1951175009 stocks 497863681 24490386 90 7 Deposited in trust companies and banks on interest 3538958 62 8 Cash in companys office 5510728 deposited in banks not on interest 348255740 3537664 68 9 Bills receivable 3207116 agents balances 2307441 55145 57 10 Total ledger assets 69884536 93 NONLEDGER ASSETS 11 Interest due 7022246 and accrued 35342418 on mortgages 423646 64 12 Interest due 941000 and accrued 134 09005 on bonds and stocks 143500 05 13 Interest due 187327 and accrued 2 19077 on collateral loans 4064 04 14 Interest due on premium notes policy notes policy loans or liens 245181 36 15 Interest due and accrued on other assets 203 06 16 Rents due 8333 and accrued 205417 on companys property or lease 2137 50 17 Total interest and rents due and accrued 818732 65 19 Market value not including interest in item 12 of bonds and stocks over book value 2374539 62 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 10122 19 439117 21 22 Gross deferred premiums on policies in force De cember 31 1904 45229 10 348172 35 23 Totals 24 Deduct loading 20 per cent 55351 29 787289 56 11070 26 157457 91 25 Net amount of uncollected and deferred premiums 44281 03 629831 65 674112 68 27 Gross assets 73751921 88 DEDUCT ASSETS NOT ADMITTED 30 Agents debit balances 23074 41 32 Bills receivable 32071 16COMPTROLLERGENERALS REPORT 201 33 Premium notes or loans on policies and net premiums in item 25 in excess of the net value of their policies 597 50 35 Total 55743 07 36 Total admitted assets 73696178 81 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the com pany with four per cent interest on old business and on three and onehalf per cent basis on business issued since January 1 1901 61834435 00 Same for annuities including those in reduction of premiums instalment contracts with life contingency 24348 00 Total 61858783 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 40969 00 Net reserve 61817814 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 82752 00 3 Liability on policies cancelled and not included in item 1 upon which a surrender value may be demanded 8366 00 5 Claims for death losses in process of ad justment or adjusted and not due 74099 00 6 Claims for death losses which have been reported and no proofs received 62645 00 7 Claims for matured endowments due and unpaid 58151 00 8 Claims for death losses and other policy claims resisted by the company 27500 00 10 Total policy claims 222395 00 12 Premiums paid in advance including surrender value so applied 39403 72 13 Commissions due to agents on premium notes when paid 1323 13 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 10000 00 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 85333 93i 3l 202 COMPTROLLERGENERALS REPORT 20 Dividends apportioned payable to policyholders during 1905 346740 91 21 Dividends apportioned payable to policyholders subse quent to 1905 1906 13210522 1907 10445141 1908 7150402 1909 5787441 1910 61647 366551 53 Other liabilities Special reserve in addition to reserve above given 2194786 00 Total liabilitieslife business 65175466 22 Total liabilitiesaccident health and liability busi ness 1965071 94 23 Capital stock 2000000 00 24 Unassigned funds surplus 4555640 65 25 Total liabilities 73696178 81 Business in Georgia during 190 No Amount Policies on the lives of citizens of said State in force December 31 1903 2161 4305100 00 Policies on the lives of citizens of said State issued increased and revived during the year 496 802701 00 Total 2657 5107801 00 Deduct ceased to be in force and decreased during the year 209 409565 00 Policies in force December 31 1904 2448 4698236 00 Losses and claims unpaid December 31 1903 3 2210 00 Losses and claims incurred during the year 29 71202 00 Total 32 73412 00 Losses and claims settled during the year in cash 7237747 by compromise 753i 30 72388 00 Losses and claims unpaid December 31 1904 2 1027 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 152030 77 CITIZENS LIFE INSURANCE COMPANY OF LOUISVILLE KY Chables B Norton President C B Nordeman Secretary Principal Office Union National Bank Bldg Louisville Ky H H Cabaniss Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Extended at 100000 00a COMPTROLLERGENERALS REPORT 203 152411 71 IIINCOME DURING YEAB 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 24957 44 7 Total premium income 24957 44 8 Cash received for interest on mortgage lpans 67 26 19 Prom all other sources viz Surplus from stockholders 2500000 cash received with applications policies not yet issued 238701 27387 01 Total income 52411 71 Total IIIDISBURSEMENTS DURING YEAR 1904 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 13947 91 18 Agency supervision traveling and all other agents expenses 706 57 19 Cash paid for medical examiners fees 84000 inspection of risks 3400 874 00 20 Cash paid for salaries and all other com pensation of officers and other home office employees 1030 90 23 Cash paid for insurance department fees and agents licenses 45 80 24 Cash paid for rent including 10417 com panys occupancy less 2000 received under sublease 84 17 26 Cash paid for furniture fixtures and safes for home and agency offices 1250 44 27 Cash paid for advertising 5000 print ing 29488 postage 9494 439 82 29 Cash paid for the following items viz Organization expenses reported Novem ber 16 1904 3618 07 General expenses traveling telegrams printing acturial and insurance depart ment fees 1245 20 30 Total disbursements 23242 88 IVASSETS AS PER LEDGER ACCOUNT 2 Loans on mortgage first liens on real estate 15750 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 30725 00ummmmmamammaaasaaBmmmmmnmmmmm H lk 204 COMPTROLLERGENERALS REPORT 5 Premium notes loans or liens on policies in force of which 75280 was received during the year 752 80 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 66505 63 7 Cash in companys office 1028 30 8 Cash deposited in banks 12783 67 9 Bills receivable 1000 00 10 Agents ledger balances advanced during the year 623 43 M Total net or ledger assets 12916S 83 OTHER ASSETS 14 Interest due and accrued on mortgages 53 89 15 Interest due and accrued on bonds and stocks 86 66 16 Interest due and accrued on collateral loans 525 06 Total carried out 665 61 21 Market value of bonds and stocks over cost 381 c7 23 Gross premiums due and unreported on New Business policies in force December 31 1904 4807 33 24 Gross deferred premiums on policies in force December 31 1904 685 00 Totals 5492 33 25 Deducting loading 1088 55 26 Net amount of uncollected and deferred premiums 4403 78 28 Total assets as per books of the company 134620 09 ITEMS NOT ADMITTED 5 Agents balances 623 43 7 Bills receivable 1000 00 8 Book value of ledger assets over market value 381 87 Total 2005 30 9 Total assets less items not admitted 132614 79 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with four per cent interest 9255 00 COMPTROLLERGENERALS REPORT 205 Deduct net value of risks of this com pany reinsured in other solvent com panies 977 00 Net reinsurance reserve 8278 00 16 Amount of any other liability of the company viz Pre miums paid in advance 238701 commissions due agents on premium notes when paid 40411 2791 12 Capital stock 100000 00 17 Liabilities on policyholders account 111069 12 18 Gross surplus on policyholders account 21545 67 19 Total liabilities 132614 79 THE COLUMBIAN NATIONAL INSURANCE CO OF BOSTON MASS Percy Parker President Frank J Wills Secretary Principal Office 180 Federal St Boston Mass ICAPITAL STOCK Amount of capital paid up in cash 200000 00 Amount of net or ledger assets Decem ber 31 of previous year 475747 57 Extended at jjINCOME DURING THE YEAR 475747 57 1 Cash received for premiums on new poli cies without any deductions for com missions or other expenses Cash received for renewal premiums without deduction for commissions or other expenses VA 594827 00 177868 53 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 772695 53 1202 18 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock Cash received for interest on collateral loans 10 Cash received for interest on premium notes loans or liens 771493 35 3090 25 10630 78 785 75 25 00HRM i 206 COMPTROLLERGENERALS REPORT 11 Cash received for interest on other debts due the com pany general deposits 5982 94 12 Cash received as discount on claims paid in advance 3386 05 19 From ah other sources viz American Agency Company payment on account of contract 38640 36 Total income 934007 48 IIIDISBURSEMENTS 1 Cash paid for death claims including re visionary additions 80347 00 7 Total net amount actually paid for losses and matured endowments 80347 00 10 Cash dividends paid policyholders 21 50 13 Surrender values paid in cash 32 32 Total paid policyholders 80400 82 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 155716 45 18 Cash paid for salaries and allowances to managers and agents 68529 32 19 Cash paid for medical examiners fees 1116021 inspection of risks 20 42450 31584 71 20 Cash paid for salaries and all other com pensation of officers and other home office employees 56627 95 21 Cash paid for taxes 6195 10 23 Cash paid for insurance department fees and agents licenses 2900 34 24 Cash paid for rent 18445 56 25 Cash paid for agency supervision travel ing and all other agency expenses 1920 00 26 Cash paid for furniture fixtures and safes for home and agency offices 8477 28 27 Cash paid for advertising 356050 print ing and stationery 1658400 postage 209243 12236 93 28 Cash paid for legal expenses 517 36 29 Cash paid for the following items viz Supplies 248494 telephone and tele graph 202081 light 25563 gen eral expense 1133037 interest on bonds 195014 freight and express 38221 total IS424 10 Total 381575 10 30 Total disbursements 461975 92COMPTROLLERGENERALS REPORT 207 IVASSETS AS PEE LEDGER ACCOUNT 11 12 13 14 15 16 17 18 Loans on mortgage on real estate other than first liens Loans secured by pledge of bonds stocks or other marketable collaterals Premium notes loans or liens on policies in force Cost value of bonds and stocks owned excluding accrued interest at time of purchase Cash deposited in banks 87500 00 72399 34 500 00 482247 88 305131 91 Total net or ledger assets 947779 13 Deduct depreciation from cost of assets to bring same to market value 7014 13 Total net or ledger assets less depreciation OTHER ASSETS Interest accrued on mortgages 845 33 Interest accrued on bonds and stocks 3811 70 Interest accrued on collateral loans 1142 86 Interest accrued on premium notes loans or liens 14 79 Interest accrued on other assets 492 57 23 24 25 26 Total carried out Gross premiums due and New Business unreported on policies in force December 31 1904 100099 25 Gross deferred premiums on policies in force De cember 31 1904 31751 79 Renewals 15432 76 18708 49 Totals Deducting loading 131851 04 30984 99 34141 25 8023 19 Net amount of uncollected and deferred premiums 100866 05 940765 00 6307 25 26118 06 126984 11 28 Total assets as per the books of the company 1074056 36 ITEMS NOT ADMITTED Net premiums in item 26 in excess of the net value of their policies 4970 18 9 Total assets less items not admitted 1069086 18208 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the American Ex table of mortality with Zy2 per cent interest by actuary of Massachusetts department Deduct net value of risks of this company reinsured in other solvent companies 619123 00 167 00 Net reinsurance reserve 618956 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 1283 00 6 Claims for death losses and other policy claims resisted by the company 1428 80 Total policy claims 2711 80 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 44 23 11 Reinsurance premiums due since paid 139 50 13 Amount due on account of salaries rents and office ex penses 3974 92 16 Amount of any other liability of the company viz Pre miums paid in advance and allowance for short term 4333 93 17 Liability on policyholders account 630160 38 18 Gross surplus on policyholders account 438925 80 19 Total liabilities 1069086 18 COLUMBIA LIFE INSURANCE COMPANY CINCINNATI OHIO Felix G Cboss President Herman Bbockman Secretary Principal Office Rawson Building Cincinnati Ohio William S Richardson Atlanta Attorney for Service in Georgia ICAIITAL STOCK 1 Amount of capital stock paid up in cash 105000 00 Amount of net or ledger assets December 31 of preyious year 119178 86 Increase of capital during 1904 5000 00 Extended at 124178 86COMPTROLLERGENERALS REPORT 209 IIINCOME DUBING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis missions or other expenses 10841 35 1 Cash received for renewal premiums without deductions for commissions or other expenses If523 20 3 From dividends applied to pay running premiums see item 11 disbursements 635 05 414 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 979 00 Total 28978 60 Deduct amount of premiums paid to other companies for reinsurance on policies in this compumy new business 15933 renewals f5275 212 08 7 Total premium income 28766 52 9 Cash received for interest on bonds owned and divi dends on stock 4006 68 10 Cash received for interest on premium notes loans or liens 78 61 15 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks 70960 29 19 From all other sources viz Premium on stock 1250 premiums in settlement with Interstate Life Insurance Company 18003 donation 40500 agents ad vances paid from 1903 26539 premium notes paid from 1903 252 42447 42 Total income 14G259 52 IIIDTSBUBSEMENTS DURING YEAE 1904 1 Cash paid for death claims including re visionary additions 6068 00 5 Cash paid for sums falling due during the year on installment policies 250 00 7 Total net amount actually paid for losses and matured endowments 6318 00 11 Cash dividends applied to pay running premiums see item 3 income 635 05 13 Surrender values paid in cash 403 00 15 Surrender values applied to purchase paidup insurance and annuities see item 4 income 979 00 Total paid policyholders 8335 05 l inmmuuamms jmm 210 COMPTROLLERGENERALS REPORT 19 20 17 Cash paid for commissions and bonuses to agents less commission on reinurance new policies 672722 renewals 136599 18 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 89800 inspec tion of risks 1900 Cash paid for salaries and all other compensation of of ficers and other home office employees 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent 26 Cash for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 24030 printing 215112 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage 10298 agency supervision etc 152614 interest and dis count 53240 reinsurance of Interstate Life Insur ance Co 4056687 expenses of suboffices 45410 expense account 242375 interest charged off on bond purchase 92618 profit and loss 3802 Total miscellaneous expenses 72980 15 8093 21 3324 72 917 00 8506 69 16 G2 2063 13 927 44 2391 42 169 48 46570 44 30 Total disbursements 81315 20 IVASSETS AS PER LEDGER ACCOUNTS 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1042 26 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 101332 45 7 Cash in companys office 1562 50 8 Cash deposited in banks 52739 15 9 Bills receivable 1671 28 10 Agents ledger balances of which 468527 was advanced during the year 5519 63 Reserve fund received from Interstate Life Insurance Co 2524941 Columbia Savings Bank 650 25255 91 11 Total net or ledger assets 189123 18 OTHER ASSETS 15 Interest accrued on bonds and stocks 633 33 17 Interest accrued on premium notes loans or liens 23 40 Total carried out 656 73 21 Market value of bonds over par value computed on the basis of 3 per cent used in the companys valuations 3987 05COMPTROLLERGENERALS REPORT New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1904 18957 49 7017 64 24 Gross deferred premiums on policies in force De cember 31 1904 2428 40 3846 07 Totals 21385 89 10863 71 25 Deducting loading 60 per cent on new and 22 per cent on renewals 12831 53 2390 01 26 Net amount of uncollected and deferred premiums 8554 36 8473 70 27 Furniture fixtures and safes 28 Total assets as per the books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and safes 1783 16 5 Agents balances 5519 63 6 Loans on personal security endorsed or not 6 50 7 Bills receivable 1671 28 Total 9 Total assets less items not admitted VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with four per cent interest in part the rest on American table at ZY2 per cent 89659 00 Deduct net value of risks of this company reinsured in other solvent companies 1012 00 Net reinsurance reserve 8 Present value of unpaid amounts on matured installment policies face 500000 10 Amount of unpaid dividends of surplus or other descrip tion of profits due policyholders 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Pre miums paid in advance 211 17028 06 1783 16 212578 18 8980 57 203597 61 88647 00 3634 00 381 41 654 76 50 00mmwEBBmm HHH 212 COMPTROLLERGENERALS REPORT 17 Liabilities on policyholders account 18 Gross surplus on policyholders account including capital stock 19 Total liabilities 93367 17 110230 44 203597 61 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD CONN Jacob L Greene President Herbert H White Secretary Principal Office 36 Pearl Street Hartford Conn ICAPITAL STOCK Amount of ledger assets as per balance December 31 of previous year 1903 63211528 89 Extended at 63211528 89 IIINCOME As shown by the books at home office at close of business Dec 31 1904 1 First years premiums on original policies without deduction for commissions or other expenses 370104 27 2 Surrender values applied to pay first years premiums 1947 92 3 Total first years premiums on original policies 372052 19 5 Surrender values applied to purchase paidup insurance and annuities 108422 58 6 Consideration for original annuities in volving life contingencies 61992 29 8 Total new premiums 542467 06 9 Renewal premiums in addition to items 10 and 11 without deduction for com missions or other expenses 3976322 82 10 Dividends applied to pay renewal premi ums 885265 58 11 Surrender values applied to pay renewal premiums 7321 98 13 Total renewal premiums 4868910 38 14 Total premium income 5411377 44 17 Premium notes loans or liens restored by revival of poli cies 33 0ft COMPTROLLERGENERALS REPORT 213 18 Interest on mortgage loans 1228927 13 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 23 Discount on claims paid in advance 24 Rent from companys property including J500000 for companys own occupancy 9848 00 1125830 82 45112 54 13086 78 1536 20 534241 48 25 Total interest and rents 2958582 95 28 Total income 369993 39 IIIDISBUBSEMENTS As shown by the books at home office at close of business Dec 31 1904 1 For death claims 5153977 40 2 For matured endowments 263385 00 9 10 12 15 17 18 19 20 21 22 23 25 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Surrender values applied to pay new premiums see in come No 2 194792 to pay renewal premiums see income No 11 732198 Surrender values applied to purchase paidup insurance and annuities see income No 5 Dividends paid to policyholders in cash Dividends applied to pay renewal premiums see income No 10 Total paid policyholders 7234627 82 Commissions and bonuses to agents less commission on reinsurance first years premiums 9222670 re newal premiums 27680704 on annuities original 58626 Salaries and allowances for agencies including man agers agents and clerks Agency supervision traveling and all other agency ex penses Medical examiners fees Salaries and all other compensation of officers and home office employees Rent including 35000 for companys own occupancy 64512 received under sublease Advertising 3233052 printing and stationery 27363 49 postage 1638619 Legal expenses Insurance taxes licenses and department fees 5417362 40 13437 92 360 00 534347 59 9269 90 108422 58 266161 85 885265 58 369620 00 34475 25 13494 89 22002 33 172379 95 41800 38 76080 20 6751 65 200007 63HHHHHI m J 214 COMPTROLLERGENERALS REPORT 26 Taxes on real estate 187271 84 27 Repairs and expenses other than taxes on real estate 246619 14 28 Loss on sale or maturity of ledger assets 37409 10 29 All other disbursements Express 231529 telegraph SI 979 42 traveling 451692 miscellaneous 8794 87 total 17606 50 30 Total disbursements 8660146 68 TVLEDGER ASSETS 1 Home office property l6236 00 Book value of real estate unincumbered 8678593 03 2 Mortgage loans on real estate first liens 24752965 08 3 Loans secured by pledge of bonds stocks or other col lateral 30000 00 4 Loans made to policyholders on this companys policies assigned as collateral 17S800 00 5 Premium notes on policies in force 512020 08 6 Book value bonds excluding interest 2485603976 stocks 82907625 25685116 01 7 Deposited in trust companies and banks on interest J P Morgan Co New York 54780632 First National Bank Hid 13959740 State Bank Hid 13521722 Phcenix National Bank Hid 12509200 947712 94 8 Cash deposited in banks not on interest Conn Trust S D Co Hid 19393640 City Bank Hfd 25 11216 21948 56 9 Bills receivable 22556 agents balances 65834 883 90 10 Total ledger assets 62921375 60 ITONLEDGER ASSETS 11 Interest due 3186042 and accrued 47542689 on mortgages 507287 31 12 Interest due 1750000 and accrued 25084801 on bonds and stocks 268348 01 13 Interest accrued on collateral loans 437 50 14 Interest due 12085091 and accrued 1577328 on premium notes policy loans or liens 136624 19 16 Rents due 656869 and accrued 7 74323 on companys property or lease 14311 92 17 Total interest and rents due and accrued 927008 93 19 Market value not including interest in item 12 of bonds and stocks over book value 1009301 9921 22 23 24 25 27 30 32 35 36 COMPTROLLERGENERALS REPORT New Business Renewals Gross premiums due and unreported on policies in force December 31 1904 24312 57 67157 92 Gross deferred premiums on policies in force De cember 31 1904 29868 99 338709 16 215 Totals 54181 56 405867 08 Deduct loading 20 per cent 10836 31 81173 42 Net amount of uncollected and deferred premiums 43345 25 324693 66 368038 91 Gross assets I 65225725 43 DEDUCT ASSETS NOT ADMITTED Agents debit balances 658 34 Bills receivable 225 56 Total 883 90 Total admitted assetsI 65224841 53 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the com pany on the combined experience and American tables of mortality with 4 and 3 per cent interest 58064672 00 Same for annuities including those in reduction of premiums 164533 00 Net reserve Liability on policies canceled and not included in item 1 upon which a surrender value may be demanded 58229205 00 4 Claims for death losses due and unpaid 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 37435 39 75046 00 153766 00 5969 00 154337 00 10 Total policy claims 272216 39 12 Premiums paid in advance including surrender values so applied 31448 46 HHHHHHHHHHHHi 216 COMPTROLLERGENERALS REPORT 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 1362247 75 22 Other liabilities Real estate contingent depreciation ac count 346690 29 24 Unassigned funds surplus 4828696 64 25 Total liabilities 65224841 53 Business in Georgia during 1904 No Amount Policies on the lives of citizens of said State in force December 31 1903 479 1331390 00 Policies on the lives of citizens of said State issued increased and revived during the year 38 96584 00 Total517 1427974 00 Deduct ceased to be in force and decreased during the year 28 71767 00 Policies in force December 31 1904 489 1356207 00 Losses and claims unpaid December 31 1903 1 168 00 Losses and claims incurred during the year 11 37320 00 Total 12 37488 00 Losses and claims settled during the year in cash 11 36168 00 Losses and claims unpaid December 31 1904 1 1320 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 37235 19 EQUITABLE LIFE ASSURANCE SOCIETY OP THE UNITED STATES OP NEW YORK N Y James W Alexander President William Alexander Secretary Principal Office 120 Broadway New York R L Foreman Atlanta Attorney for Service in Georgia icapital stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year358275299 46 Extended at 358275299 46COMPTROLLERGENERALS REPORT 217 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 8493221 28 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 49818409 07 2 Consideration for supplementary con tracts involving life contingencies 123705 00 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 809960 92 4 Prom surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 1901889 00 5 Consideration for annuities other than matured installment policies 1496651 47 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 on collateral loans 13 Cash received for rents for use of companys property including 335031 for companys own occupancy 18 Consideration for supplementary contracts not involving life contingencies li From all other sources viz Profit on sale or maturity of ledger assets 62643836 74 3352127 75 8091383 12 1163757 33 1318346 76 86746 38 1864757 77 191664 00 364076 10 Total income 79076695 95 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 18049539 35 3 Cash paid for matured endowments and additions thereto 3003525 08 7 Total net amount actually paid for losses and matured endowments 21053064 43 8 Cash paid to annuitants 980349 94 10 Cash dividends paid policyholders 5191941 59 12 Cash dividends applied to purchase paidup additions and annuities see item 3 income 809960 92 m 218 COMPTROLLERGENERALS REPORT 13 Surrender values paid in cash 6451841 42 15 Surrender values applied to purchase paidup insurance and annuities see item 4 income 1901889 00 Total paid policyholders 36389047 30 16 Cash paid stockholders for interest or dividends 7000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 3312027 45 renewals 404139446 on annuities 4694977 7400371 68 18 Cash paid for salaries and allowances to managers and agents and clerks 638448 20 19 Cash paid for medical examiners fees 66735162 in spection of risks 22117231 888523 93 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 1177501 12 Paid for claims on supplementary contracts not involv ing life contingencies 226346 47 Cash paid for taxes on real estate 365295 98 Cash paid for insurance department fees and agents li censes and municipal licenses including taxes 707865 19 24 Cash paid for rent companys occupancy 335031 00 25 Cash for computing commissions 950081 03 26 Cash paid for furniture fixtures and safes for home and agency offices 24034 96 27 Cash paid for advertising 32584714 printing and sta tionery 27506020 postage 17173816 772645 50 28 Cash paid for real estate expenses other than taxes 54966700 for legal expenses 20401925 753686 25 29 Cash paid for the following items viz Agency super vision traveling and all other agency expenses 439 76221 clerical expenses express freight telegraph cable telephone and general expenses 39301063 real estate sinking fund 50000000 1332772 87 30 Total disbursements 51968651 45 21 22 23 IV ASSETS AS PEIi LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumbrances 36 2 Loans on mortgage first liens on real estate 81 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 10 4 Loans made in cash to policyholders on this companys policies assigned as collateral 23 6 Book value of bonds and stocks owned excluding ac crued interest at time of purchase 208 7 Cash in companys office 8 Cash deposited in banks and trust companies on interest 22 10 Agents ledger balances 1 895647 44 623709 11 805000 00 544439 69 348241 00 15760 93 635905 89 514639 90 13 Total net or ledger assets385383343 96COMPTROLLERGENERALS REPORT 219 OTHER ASSETS 14 Interest due 2090079 and accrued 32324384 on mortgages3 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 18 Interest accrued on other assets 19 Rents due 5215174 and accrued 98 44914 on companys property or lease 344144 63 2670510 00 3090 53 134672 74 150600 88 Total carried out 3303018 78 21 Market value of bonds and stocks over book value 17321133 00 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 1669777 00 4972168 00 24 Gross deferred premiums on policies in force De cember 31 1904 336755 00 2953206 00 Totals 2008532 00 7925374 00 25 Deducting loading 20 per cent on new and 20 per cent on renewals 401306 00 1585075 00 26 Net amount of uncollected and deferred premiums 1605226 00 6340299 00 7945525 00 28 Total assets as per the books of the company413953020 74 ITEMS NOT ADMITTED 5 Agents balances 1514639 90 9 Total assets less items not admitted412438380 84 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest and the American Exp table with 3 and 3 per cent interest312055603 00 iy2 Same for revisionary additions and an nuities with those in reduction of pre miums we report entire liability 15682755 00 Net reinsurance reserve 2 Present value of amounts not yet due on supplementary contracts 327738358 00 1371935 00HH 220 COMPTROLLERGENERALS RBPORT 3 Claims for death losses due and unpaid 21125 00 4 Claims for matured endowments due and unpaid 386213 33 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 148253 00 6 Claims for death losses and other policy claims resisted by the company 15500 00 7 Amounts due and unpaid on annuity claims 52179 56 9 Claims for death losses but no proofs re ceived 1910635 00 Total policy claims 2533905 89 11 Due and unpaid on supplementary contracts not involv ing life contingencies 1719 90 12 Premiums paid in advance including surrender values so applied 412627 00 13 Dividends or other profits due policyholders with those contingent on payment of outstanding and deferred premiums 540900 26 16 Amount of any other liability of the company viz In terest paid in advance 559305 48 17 Liabilities on policyholders account333158751 53 18 Gross surplus and capital stock 10000000 on policy holders account 79279629 31 19 Total liabilities412438380 84 Business in Georgia during 190 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 6164 14422906 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 2603 4524308 00 Total 8767 1S947214 00 Deduct number and amount which have ceased to be in force during the year 1372 2567152 00 Total number and amount of policies in force in Georgia December 31 1904 7395 16380062 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 3 3290 00 Amount of losses and claims on policies in Georgia incurred during the year 97 2S6573 00 Total 100 289863 00COMPTROLLERGENERALS REPORT 221 Amount of losses and claims on policies in Georgia paid during the year 90 269768 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 528548 93 FIDELITY MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PENNSYLVANIA L G Fouse President W S Campbell Secretary Principal Office 112116 N Broad Street Philadelphia Pa N F Jackson Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 5647070 52 Extended at 5647070 52 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 640448 71 1 Cash received for renewal premiums without deductions for commissions or other expenses 2432386 94 2 Premium notes loans or liens taken in part payment for premiums on new policies 54903 75 214 Premium notes loans or liens taken in part payment for renewal premiums 342021 88 3 From dividends applied to pay running premiums see item 11 disbursements 30863 66 4 From surrender values applied to pay running premiums see item 14 dis bursements 206 52 5 Consideration for annuities other than matured installment policies 4612 25 Total 3507303 71 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 103u 58 renewals 229200 3328 5S 7 Total premium income 3503975 lu222 COMPTROLLERGENERALS 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 com pany 13 Cash received for rents for use of companys property including 32500 for companys own occupancy 14 Cash received for profits on sales of bonds or stocks 19 From all other sources viz Fees for alterations of poli cies 10150 policies exchange 152460 17275 75 124606 38 60038 46 47514 04 79291 04 11357 47 152561 50 Total income 3996619 77 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 1105637 87 5 Cash paid for sums falling due during the year on installment policies 15754 42 10 11 13 14 17 18 19 20 21 22 23 24 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Cash dividends paid policy holders Cash dividends applied to pay running premiums see item 3 income Surrender values paid in cash Surrender values applied to pay running premiums see item 4 income Total paid policyholders 1254142 60 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 47049158 renewals 9384971 annuities 16297 agency super vision traveling and all other expenses 6245119 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 5295431 in spection of risks 2024883 Cash paid for salaries aad all other compensation of offi cers and other home office employees Cash paid for taxes on premiums Cash paid for taxes on reserves 67735 on investments 1954072 Cash paid for insurance department fees and agents li censes 986447 municipal licenses 23229 Cash paid for rent including 32500 companys occu pancy less 98751 received under sublease 1121392 29 1028 46 16164 66 30863 66 82627 01 2066 52 626955 45 118282 69 73203 14 165064 64 49173 42 20218 07 10096 76 53844 50COMPTROLLERGENERALS REPORT 223 25 Cash paid for commuting commissions 1778 06 26 Cash paid for furniture fixtures and safes for home and agency offices 10130 55 27 Cash paid for advertising 2666203 printing 33101 49 postage 2037051 80134 03 28 Cash paid for real estate expenses other than taxes 24 35174 for legal expenses 947279 33824 53 29 Cash paid for the following items viz Expressage and telegrams 579796 banks and collectors for collect ing premiums 809045 miscellaneous expenses 25 46417 39352 58 Total miscellaneous expenses 1282058 42 30 Total disbursements 2536201 02 IVASSETS AS PEB LEDGER ACCOUNT 1 Cost value of real estate exclusive of all incumbrances 1334315 70 2 Loans on mortgage first liens on real estate 499699 38 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 126260 51 4 Loans made in cash to policyholders on this companys policy assigned as collateral 843532 76 5 Premium notes loans or liens on policies in force of which 5490375 was received during the year 396925 63 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 3266115 31 7 Cash in companys office 7571 63 8 Cash deposited in banks 304056 02 9 Bills receivable 2605 37 10 Agents ledger balances of which 2825181 was ad vanced during the year 326406 96 13 Total net or ledger assets 7107489 27 OTHER ASSETS 14 Interest due 128750 and accrued 0 00752 on mortgages 7295 02 15 Interest due 750 and accrued 33881 24 on bonds and stocks 34631 24 16 Interest accrued on collateral loans 777 69 19 Rents due on companys property or lease 1354 24 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 44058 19 39834 30 111622 34tiwaaBrftega MMBBOBMNHT 224 COMPTROLLERGENERALS REPORT New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1904 23597 96 125350 23 24 Gross deferred premiums on policies in force De cember 31 1904 42080 01 357542 45 Totals 65677 97 482892 68 25 Deducting loading 13135 59 96578 54 26 Net amount of uncollected and deferred premiums 52542 38 386314 14 438856 52 28 Total assets as per the books of the company 7741860 62 ITEMS NOT ADMITTED 5 Agents balances 326406 96 7 Bills receivable 2605 37 Total 329012 33 9 Total assets less items not admitted 7412848 29 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest and American table with 3y2 per cent 6132984 00 Deduct net value of risks of this company reinsured in other solvent companies 1835 00 Net reinsurance reserve 6131149 00 Special surplus reserve 16600 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 4459 71 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 56267 50 6 Claims for death losses and other policy claims resisted by the company 14000 00 8 Present value of unpaid amounts on ma tured installment policies face 175 73348 136729 92 Total policy claims 211457 13 COMPTROLLERGENERALS REPORT 225 10 Amount of all unpaid dividends of surplus or other di scription of profits due policyholders 2120 76 11 Commission due to agents on premium notes when paid 36735 00 12 Amount due of national State or other taxes and sala ries rents and office expenses 14642 23 16 Amount of any other liability of the company viz Pre miums paid in advance 7164 37 Surrender values claimable on policies canceled not included in No 1 9325 83 17 Liabilities on policyholders account 6429194 32 18 Gross surplus on policyholders account 983653 97 19 Total liabilities 7412848 29 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 983653 97 Business in Georgia during 1904 No Amtunt Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1234 2505756 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 272 477169 00 Total 1506 2982925 00 Deduct number and amount which have ceased to be in force during the year 223 452039 00 Total number and amount of policies in force in Georgia December 31 1904 1283 2530886 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 1000 0 Amount of losses and claims on policies in Georgia incurred during the year 17 37350 00 Total 18 38350 00 Amount of losses and claims on policies in Georgia paid during the year 17 37350 00 Amount of premiums collected or secured in Georgia during the year in cash 6624293 and notes or credits 400281 without any deduction for losses dividends commissions or other expenses 70245 74 15 in226 COMPTROLLERGENERALS REPORT FRANKLIN LIFE INSURANCE COMPANY SPRINGFIELD ILL Edgar S Scott President Henry Abels Secretary Principal Office Springfield 111 William T Ledbetter Rome Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 Extended at v IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 26o779 19 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 64910135 2 Premium notes loans or liens taken in part payment for renewal premiums 121481 71 3 From dividends applied to pay running premiums see item 11 disbursements 3641 39 4Vj From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 3732 67 Total i043376 31 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1130 70 renewals 126552 2396 22 7 Total premium income tllTr Z 8 Cash received for interest on mortgage loans 16bU zu 9 Cash received for interest on bonds owned and dividends 19510 02 on stock 10 Cash received for interest on premium notes loans or 49366 40 liens 11 Cash received for interest on other debts due the com 12142 72 pany 13 Cash received for rents for use of companys property including companys own occupancy 2390 50 17 Premium notes loans or liens restored by revival of pol 2831 76 lcies 19 From all other sources viz Trust fund 315 99 Total income 1141513 68 COMPTROLLERGENERALS REPORT 227 IIIDISBUKSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 294969 39 2 Premium notes loans or liens used in payment of the same 3032 34 Total 298001 73 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 3000 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 see item 3 income 13 Surrender values paid 15 Surrender values applied to purchase paidup insurance and annuities see item 4 income Total paid policyholders 343515 64 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 19551622 renewals 7156970 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1782100 inspec tion of risks 736390 20 Cash paid for salaries and all other compensation 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 agents li censes and municipal licenses 24 Cash paid for rent including companys occupancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 91650 printing 940536 postage 379394 28 Cash paid for real estate expenses other than taxes 75255 for legal expenses 179968 29 Cash paid for the following items viz Collection 1 64595 investment expenses 85959 miscellaneous 289621 Total miscellaneous expenses 418596 27 30 Total disbursements 295001 73 26496 71 3641 39 14643 14 3732 67 267085 92 28112 44 25184 90 50869 74 10808 67 4518 87 5284 70 3420 00 1241 25 14115 80 2552 23 5401 75 762111 91I Hi 228 COMPTROLLERGENERALS REPORT IVASSETS AS PEE LEDGER ACCOUNT 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Loans on this companys policies 5 Premium notes on policies in force 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances 16738 41 451550 00 44000 00 1075883 81 9511 27 533528 77 3631 48 38567 58 12617 33 13 Total net or ledger assets 2186028 65 OTHER ASSETS 14 Interest due and accrued on mortgages 13142 21 15 Interest due and accrued on bonds and stocks 3827 40 16 Interest due and accrued on collateral loans 445 00 17 Interest due and accrued on premium notes loans or liens 22850 98 19 Rents due and accrued on companys property or lease 171 50 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and unreported on Renewals policies in force December 31 33701 19 24 Gross deferred premiums on policies in force December 31 81606 59 Totals 25 Deducting loading actual per cent 115307 78 20033 78 26 Net amount of uncollected and deferred premiums 40437 09 246 06 95274 00 28 Total assets as per books of the company 2321985 80 ITEMS NOT ADMITTED 5 Agents balances 12617 33 7 Loans liens and net premiums excess of reserve 21863 75 Total 34481 08 9 Total assets less items not admitted 2287504 72COMPTROLLERGENERALS REPORT 229 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuariess table of mortality with 4 per cent interest 1921353 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 1118 00 Net reinsurance reserve 1920235 00 3 Claims for death losses due and unpaid 8638 52 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 4536 75 6 Claims for death losses and other policy claims resisted by the company 4067 72 Total policy claims 17242 99 13 Amount due on account of salaries rents and office ex penses and loading on premium notes 8409 61 16 Amount of any other liability of the company viz Pre miums paid in advance 5434 83 Trust fund returnable at death 1658043 funds held for special class of policies 11107078 funds for all other contingencies 20853108 336182 29 19 Total liabilities 2287504 72 Business in Georgia during 190f No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1291 1907254 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 1013 1459037 00 Total 2304 336629100 Deduct number and amount which have ceased to be in force during the year 409 665208 00 Total number and amount of policies in force in Georgia December 31 1895 2701083 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 3000 00 Amount of losses and claims on policies in Georgia incurred during the year 8 9711 88 Total 10 12711 88 i I WIHR WHBHI 5 230 COMPTROLLERGENERALS REPORT 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 deduc tion for losses dividends commissions or other expenses 11711 84060 35 THE GERMANIA LIFE INSURANCE COMPANY OF NEW YORK N Y Cobnelius Doremus President Cabl Heye Secretary Principal Office 20 Nassau Street New York City Alexander C King Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets Decem ber 31 of previous year 31256313 87 Q 31256813 87 Extended at T nincome during year 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses including 25223 policy fees iy2 Cash received for renewal premiums without deductions for commissions or other expenses 3535232 72 3 From dividends applied to pay running premiums see item 11 disbursements 3y2 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 4y2 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 5 Consideration for annuities other than matured installment policies 638260 07 132714 05 32453 03 107179 40 37955 38 Total 4483794 65 6 Deduct amount of premiums paid to other companies for reinsurance on policies In this company for renewals 5554 50 7 Total premium income 4478240 158 9 10 11 13 1 3 5 7 8 10 11 12 13 15 16 17 18 COMPTROLLERGENERALS REPORT 231 732105 07 421601 46 109979 85 19215 50 240040 40 Cash received for interest on bonds owned and divi Cash received for interest on premium notes loans or Cash received for interest on other debts due the com Cash received for rents for use of companys property including 3014000 for companys own occupancy 6001182 43 2359268 41 36934 94 83992 50 132714 05 32453 03 275971 02 107179 40 24000 00 590189 16 IIIDISBURSEMENTS DURING YEAR 1904 Cash paid for death claims including re Cash paid for matured endowments and Cash paid for sums falling due during Total net amount actually paid for losses and matured Cash dividends applied to pay running premiums see Cash dividends applied to purchase paidup additions Surrender values applied to purchase paidup insurance Cash paid stockholders for interest and dividends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 40971463 i Cash paid for salaries and allowances to managers and 19 agents 12691075 agency supervision and expenses 12064411 Cash paid for medical examiners fees 5070345 in spection of risks 410058 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on new premiums and renewals 22 Cash paid for taxes on reserves 41432 on real estate 3866579y 23 Cash paid for insurance department fees and agents li censes 383791 municipal and State licenses 4 80847 247554 86 54804 03 114182 43 51228 Si 39080 11 8646 38jHHBBBHM 11 mmmi 232 COMPTROLLERGENERALS REPORT 24 Cash paid for rent companys 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 2297446 printing 16087 99 postage 1649774 28 Cash paid for real estate expenses other than taxes 94 36063 for legal expenses 371563 29 Cash paid for the following items viz Loss on sale of ledger assets 1520792 exchange expressage and other expenses 3777654 Total miscellaneous expenses 1371299 47 30140 00 166 07 4686 68 55560 19 98076 26 52984 46 30 Total disbursements 4399812 82 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 3111069 37 2 Loans on mortgage first liens on real estate 16909978 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2041013 71 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 9983923 39 7 Cash in companys office 15283 75 8 Cash deposited in banks 796415 26 13 Total net or ledger assets 32857683 48 OTHER ASSETS 14 Interest due 564240 and accrued 27250696 on mortgages 15 Interest accrued on bonds and stocks 17 Interest accrued on premium notes loans or liens 19 Rents due 120250 and accrued 643583 on companys property or lease 21 Market value of bonds and stocks over cost 23 Gross premiums due and unreported on policies in force December 31 1904 24 Gross deferred premiums on policies in force De cember 31 1904 278149 36 78245 43 1460 49 7638 33 227718 53 New Business 17457 07 43012 99 Renewals 431398 23 351856 57 Totals 25 Deducting loading 2250 per cent on new and 2250 per cent on re newals 60470 06 783254 13605 76 176232 33COMPTROLLERGENERALS REPORT 233 26 Net amount of uncollected and deferred premiums 46864 30 607022 47 653886 77 28 Total assets as per the books of the company 34104782 39 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest and the American Exp table with 3 and 3 per cent in terest respectively 29082749 00 Deduct net value of risks of this company reinsured in other solvent companies 47700 00 Net reinsurance reserve 29035049 00 3 Claims for death losses due and unpaid 1725 95 4 Claims for matured endowments due and unpaid 12415 49 5 Claims for death losses in process of ad justment or adjusted and not due 111802 19 6 Claims for death losses and other policy claims resisted by the company 1404 60 7 Amounts due and unpaid on annuity claims 2270 3S 8 Present value of unpaid amounts on ma tured installment policies 24277 47 Total policy claims 153896 08 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 52084 35 16 Amount of any other liability of the company viz Pre miums paid in advance 1119327 liability on poli cies canceled upon which a surrender value may be demanded 777958 extra reserve for absolute war and world policies etc 10006308 119035 93 17 Liabilities on policyholders account 29360065 36 18 Gross surplus on policyholders account 4744717 03 19 Total liabilities 34104782 39 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 1555884 61 21 Estimated surplus accrued on all other policies 3188832 42 Hi m B I 234 COMPTROLLERGENERALS REPORT Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 481 631952 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 212 291500 00 Total693 923452 00 Deduct number and amount which have ceased to be in force during the year 169 217550 00 Total number and amount of policies in force in Georgia December 31 1904 524 705902 00 Amount of losses and claims on policies in Georgia incurred during the year 2 3500 00 Amount of losses and claims on policies in Georgia paid during the year 2 3500 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 26998 12 HARTFORD LIFE INSURANCE COMPANY OF HARTFORD CONN George E Keeney President Charles H Bacall Secretary Principal Office 252 Asylum Street Hartford Conn J Clements Shafer Atlanta Attorney for Service in Georgia icapital stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of capital sub scribed but unpaid 500000 00 Amount of net or ledger assets December 31 of previous year 3009936 53 Extended at 3009936 53 iiincome during year 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 205181 88 1 Cash received for renewal premiums without deductions for commissions or other expenses 2135586 17COMPTROLLERGENERALS REPORT 235 2 Premium notes loans or liens taken in part payment for premiums on new policies 2V2 Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums see item 11 disbursements 1831 92 2864 39 50645 56 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1770 33 renewals 478644 2396109 92 6556 77 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 13 Cash received for rents for use of company s property including 3500 for companys own occupancy 19 From all other sources viz Accident premiums safety fund deposits etc Total income DISBURSEMENTS DURING YEAR 1904 2389553 15 16377 10 24591 28 6046 61 52474 55 13200 85 27609 47 2529853 01 1 Cash paid for death claims including re visionary additions 1730764 33 2 Premium notes loans or liens used in payment of the same 265 60 7 Total net amount actually paid for losses and matured endowments 9 Premium notes loans or liens used in purchase of sur rendered policies 129269 voided by lapse 206881 11 Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid in cash Total paid policyholders 1797679 99 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 18099170 renewals 6002147 18 Cash paid for salaries and allowances to managers and agents 1731029 93 3361 50 50645 56 12643 00 40000 00 241013 19 28978 699HHHHMHNMM1 U 236 COMPTROLLERGENERALS REPORT 19 Cash paid for medical examiners fees 2205922 in spection of risks 1060573 32664 95 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 88854 80 21 Cash paid for taxes on new premiums renewals and in surance department fees 30454 37 22 Cash paid for taxes on investments 4010 40 24 Cash paid for rent including 3500 companys occupancy 5275 87 25 Cash paid for commuting commissions 8267 69 26 Cash paid for furniture fixtures and safes for home and agency offices and office expenses 11362 89 27 Cash paid for advertising 730719 printing 720324 postage 826091 22771 34 28 Cash paid for real estate expenses other than taxes 51130 for legal expenses 633445 6S45 75 29 Cash paid for the following items viz Loss on sale of investment 218920 advance payments applied 8 33661 10525 81 30 Total disbursements 2328705 74 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 230906 00 2 Loans on mortgage first liens on real estate 368600 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 10213 15 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 54612 91 5 Premium notes loans or liens on policies in force of which 183192 was re ceived during the year 70667 06 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 666312 50 7 Cash in companys office 20355 16 8 Cash deposited in banks 585469 43 10 Safety funds in Security Company of Hartford Conn 1203947 59 11 Total net or ledger assets 3211083 80 12 Deduct depreciation from cost of assets to bring same to market value 66898 25 13 Total net or ledger assets less depreciation 3144185 55COMPTROLLERGENERALS REPORT 237 OTHER ASSETS 14 Interest due and accrued on mortgages 15 Interest due and accrued on bonds and stocks 16 Interest due and accrued on collateral loans 18 Interest due and accrued on other assets 19 Rents due and accrued on companys property or lease 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 34890 55 100984 75 24 Gross deferred premiums on policies in force De cember 31 1904 10340 04 79240 86 Totals 45230 59 180225 61 25 Deducting loading 20 per cent on new and 20 per cent on renewals 9046 12 36045 12 26 Net amount of uncollected and deferred premiums 36184 47 144180 49 27 Net premiums safety fund in course of collection 5226 08 6089 60 99 86 2061 25 804 95 5674 00 3614 50 180364 96 214250 00 28 Total assets as per the books of the company 3562370 75 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest and American 3Vi per cent 846673 12 Deduct net value of risks of this company reinsured in other solvent companies 4639 00 Net reinsurance reserve 842034 12 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 244921 00 6 Claims for death losses and other policy claims resisted by the company 13000 00 Total policy claims 257921 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders accumulations 28765 71 11 Cost of collection in excess of loading 22615 30 12 Balance of taxes to credit of members 3685 IS238 COMPTROLLERGENERALS REPORT 13 Amount due on account of salaries rents and office ex penses 15 Net safety funds 16 Amount of any other liability of the company viz Pre miums paid in advance 1001170 special reserve and surplus on safety fund policies 32431626 17 Liabilities on policyholders account lll l 18 Gross surplus oh policyholders account a 3562370 75 3000 00 1138044 34 334327 96 19 Total liabilities 20 Estimated surplus accrued on tontine or other policies the profitsupon which are especially reserved for that class of policies 21 Estimated surplus accrued on all other policies Given in liabilities above 10 26388 94 2376 77 28765 71 Business in Georgia during 190t No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citi zens of Georgia issued during the year 406 625884 00 Total Deduct number and amount which have ceased to 1919 3587688 00 be in force during the year 424 780179 00 Total number and amount of policies in force in Georgia December 31 1904495 2807509 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 2000 00 Amount of losses and claims on policies in Georgia incurred during the year 27 51000 00 Total 29 53000 00 Amount of losses and claims on policies in Georgia paid during the year 24 42500 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 95187 00COMPTROLLERGENERALS REPORT 239 HOME LIFE INSURANCE COMPANY OF NEW YORK N Y Geo E Ide President Ellis W Gladwin Secretary Home Office 256 Broadway New York N Y Wm A Weight Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 125000 00 Amount of ledger assets as per balance December 31 of previous year 14762091 14 Extended at 14762091 14 IIINCOME 1 First years premiums on original poli cies without deduction for commis sions or other expenses less 855008 for first years reinsurance 466584 91 2 Surrender values applied to pay first years premiums 3791 48 3 Total first years premiums on original policies 470376 39 4 Dividends applied to purchase paidup additions and annuities 200792 26 6 Consideration for original annuities in volving life contingencies 21258 27 7 Consideration for supplementary con tracts involving life contingencies 11431 77 8 Total new premiums 703858 69 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 1530462 for reinsurance on renewals 2238169 86 10 Dividends applied to pay renewal premi ums 4230142 11 Surrender values applied to pay renewal premiums 12 Renewal premiums for deferred annuities 31556 56 7 08 13 Total renewal premiums 2312034 92 14 Total premium income 3015893 61 15 Consideration for supplementary contracts not involving life contingencies 22139 00 240 COMPTROLLERGENERALS REPORT 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 companys property including 24000 for companys own occupancy 204955 81 1205 08 274314 17 96498 85 6715 37 100014 27 25 Total interests and rents 683703 55 26 Profit on sale or maturity of ledger assets 944 30 28 Total income 3722680 46 IIIDISBURSEMENTS 1 For death claims less 115000 reinsur ance 824725 additions 271098 827435 98 2 For matured endowments 24555050 additions 5079849 296348 99 3 Net amount paid for losses and matured endowments 1123784 97 4 For annuities involving life contingencies 35086 32 6 Surrender values paid in cash 190344 96 7 Surrender values applied to pay new premiums see in come No 2 379148 to pay renewal premiums see income No 11 708 3798 56 9 Dividends paid to policyholders in cash 5853 97 10 Dividends applied to pay renewal premiums see income No 10 42301 42 11 Dividends applied to purchase paidup additions and an nuities see income No 4 200792 26 12 Total paid policyholders 1601965 46 13 Paid for claims on supplementary contracts not involv ing life contingencies 3360 65 14 Paid stockholders for interest or dividends 15000 00 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 25142327 re newal premiums 16144286 on annuities original 15054 413016 67 17 Salaries and allowances for agencies including man agers agents and clerks 144364 97 18 Agency supervision traveling and all other agency ex penses 3535 82 19 Medical examiners fees 3808774 inspection of risks 356809 41655 83 20 Salaries and all other compensation of officers and home office employees 112641 00 21 Rent companys own occupancy 24000 00 22 Advertising 1869770 printing and stationery 13 94111 postage 449685 37135 66COMPTROLLERGENERALS REPORT 241 23 Legal expenses 4743 75 24 Furniture fixtures and safes 1898 84 25 Insurance taxes licenses and department fees 46035 89 26 Taxes on real estate 12852 65 27 Repairs and expenses other than taxes on real estate 35340 50 29 All other disbursements Directors fees 4500 miscel laneous office expenses 1536950 19869 50 30 Total disbursements 2517417 19 IVLEDGER ASSETS 1 Book value of real estate unincumbered 1660606 28 2 Mortgage loans on real estate first liens 4735239 19 3 Loans secured by pledge of bonds stocks or other collat eral 12750 00 4 Loans made to policyholders on this companys policies assigned as collateral 1008268 50 5 Premium notes on policies in force of which 38755 is for first years premiums 543243 28 6 Book value of bonds excluding interest 584740302 stocks 177649316 7623896 18 7 Deposited in trust companies and banks on interest 299656 36 8 Cash in companys office 139236 deposited in banks not on interest 3125096 32643 32 9 Agents balances 51051 30 10 Total ledger assets 15967354 41 NONLEDGER ASSETS 11 Interest due 10000 and accrued 17 79879 on mortgages 17898 79 12 Interest due and accrued on bonds and stocks 101405 27 13 Interest due and accrued on collateral loans 303 75 15 Interest due and accrued on other assets 500 00 16 Rents due and accrued on companys property or lease 2528 57 17 Total interest and rents due and accrued 122636 38 18 Market value of real estate over book value 70447 48 19 Market value not including interest in item 12 of bonds and stocks over book value 228211 31 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 6702 89 143541 11 22 Gross deferred premiums on policies in force De cember 31 1904 30501 57 155042 91 16 in 242 COMPTROLLERGENERALS REPORT 23 Totals 37204 46 298584 02 24 Deduct loading 20 per cent 7440 89 59716 80 25 Net amount of uncollected and deferred premiums 29763 57 238867 22 268630 79 27 Gross assets 16657280 37 DEDUCT ASSETS NOT ADMITTED 30 Agents debit balances 51051 30 36 Total admitted assets I 16606229 07 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the in surance department of State of New York on the combined Exp and Ameri can tables of mortality with 3 3 and 4 per cent interest 13428653 00 Same for revisionary additions 1303178 00 Same for annuities including those in reduction of premiums 410507 00 Total 15142338 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 790 00 49088 00 Net reserve 15073548 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 6 Claims for death losses which have been reported and no proofs received 73394 46 8 Claims for death losses and other policy claims resisted by the company 2500 00 10 Total policy claims 75894 46 12 Premiums paid in advance including surrender values so applied 39730 96 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 5652 09 22 Other liabilities Fund voluntarily set aside to meet pos sible fluctuations in price of securities etc 228211 31 23 Capital stock 125000 00 24 Reserve to provide for all other contingencies 1009104 25 25 Total liabilities 16606229 07COMPTROLLERGENERALS REPORT 24S Business in the State of Georgia during 1904 Policies on the lives of citizens of said State in force December 31 of previous year 329 1197290 00 Policies on the lives of citizens of said State issued during the year 93 215840 18 Total422 1413130 18 Deduct ceased to be in force during the year 59 370054 18 Policies in force December 31 363 1043076 00 Losses and claims unpaid December 31 of previous year 1 1000 00 Losses and claims incurred during year n 71717 18 Losses and claims settled during the year in cash 12 72717 18 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 45 05g 39 ILLINOIS LIFE INSURANCE COMPANY CHICAGO ILL James W Stevens President Oswald J Arnold Secretary Home Office 134 Monroe Street Chicago 111 J C Tumlin Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 100000 00 Amount of ledger assets as per balance December 31 of previous year 4764042 06 Extended at 4764042 06 IIINCOME 1 First years premiums on original policies without deduction for commissions or other expenses less 71821 for first years reinsurance 283268 94 4 Dividends applied to purchase paidup additions and annuities 3661 42 5 Surrender values applied to purchase paidup insurance and annuities 39964 42 8 Total new premiums 326894 7SpHMHi ivsi i 244 COMPTROLLERGENERALS REPORT 9 Renewal premiums in addition to item 10 without deduction for commissions or other expenses less 341747 for re insurance on renewals I 10 Dividends applied to pay renewal premi ums 946854 22 27040 95 13 Total renewal premiums 973895 17 14 Total premium income 18 Interest on mortgage loans Interest on deferred premiums 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 23 Discount on claims paid in advance 24 Rent from companys property including 420000 for companys own occupancy 1300789 95 69858 25 16313 94 11996 57 65368 90 61821 81 6628 36 54 04 30595 96 25 Total interest and rents 26 Profit on sale or maturity of ledger assets 28 Total income 262637 8J 40920 88 1604348 66 IIIDISBURSEMENTS 1 For death claims 44449558 additions 250397 2 For matured endowments 2850000 ad ditions 152638 Total disability claims 446999 55 30026 38 1000 00 6 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes and policy lien voided by lapse 10 51420 purchased rev adds 51765 interest gold bonds 23009 Surrender values paid in cash 8 Surrender values applied to purchase paidup insurance and annuities see income No 5 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums see income No 10 Dividends applied to purchase paidup additions and an nuities see income No 4 Total paid policyholders 829831 56 Paid stockholders for interest or dividends 11 12 14 478025 93 1800 00 11261 94 260757 28 39964 42 7319 62 27040 95 3661 42 7000 00COMPTROLLERGENERALS REPORT 245 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 13059071 re newal premiums 18423638 314827 09 17 Salaries and allowances for agencies including man agers agents and clerks 12932 50 18 Agency supervision traveling and all other agency ex penses 5273 62 19 Medical examiners fees 1454044 inspection of risks 968716 insurance claims 652388 3075148 20 Salaries and all other compensation of officers and home office employees 86135 79 21 Rent 14508 10 22 Advertising 1703366 printing and stationery 8755 39 postage 592245 31711 50 23 Legal expenses 11462 52 24 Furniture fixtures and safes incidental expenses 17369 07 25 Insurance taxes licenses and department fees 22784 88 26 Taxes on real estate 3972 78 27 Repairs and expenses other than taxes on real estate 26081 71 28 Loss on sale or maturity of ledger assets 7375 98 29 All other disbursements Profit and loss 62483 collec tion of premiums 179079 registration of policies 231250 4728 12 30 Total disbursements 14674670 IVLEDGER ASSETS 1 Book value of real estate unincumbered 779685 22 2 Mortgage loans on real estate all first liens 1087624 50 3 Loans secured by pledge of bonds stocks or other collat eral 52200 00 4 Loans made to policyholders on this companys policies assigned as collateral 1189747 27 5 Premium notes on policies in force 8542 68 6 Book value of bonds excluding interest 63667375 stocks 75431450 1390988 25 7 Deposited in trust companies and banks on interest C D 10224000 Dep 12903686 231276 86 8 Cash in companys office 2460592 deposited in banks not on interest 608555 30691 47 Bills receivable 199097 agents balances 8203347 furniture and fixtures 2348157 suspense account 1928176 com rev corns 4410000 170887 77 9 10 Total ledger assets 4941644 02 NOXLEDGEB ASSETS 11 Interest due 945065 and accrued 18 03104 on mortgages 27481 69 12 Interest due and accrued on bonds and stocks 1858 67MOBW wmmmmmSSmmmm 246 COMPTROLLERGENERALS REPORT 13 Interest due 27679 and accrued 451 44 on collateral loans 728 23 14 Interest due and accrued on premium notes policy loans or liens 13315 27 15 Interest due and accrued on other assets 153 95 16 Rents due and accrued on companys property or lease 786 76 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 or claims on poli cies of this company reinsured 21 Gross premiums due and Hew Business Renewals unreported on policies in force December 31 1904 24955 49 83456 59 22 Gross deferred premiums on policies in force De cember 31 1904 14125 92 124332 01 23 Totals 39081 41 207788 60 24 Deduct loading 25 per cent 9770 35 51947 15 25 Net amount of uncollected and deferred premiums 44324 57 206812 02 153838 75 3700 00 29311 06 155841 45 185152 51 27 Gross assets 5535471 87 DEDUCT ASSETS NOT ADMITTED 29 Supplies stationery printed matter fur niture fixtures and safes 23481 57 30 Commuted commissions 4410000 agents debit balances 11317496 157274 96 31 Cash advanced to or in the hands of offi cers or agents suspense account 19281 76 32 Loans on bills receivable 1990 97 33 Premium notes or loans on policies and net premiums in item 25 in excess of the net value of their policies 94418 60 34 Book value of ledger assets over market value 7741 56 35 Total 304189 42 36 Total admitted assets 5231282 45COMPTROLLERGENERALS REPORT 247 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the in surance department of Illinois on the actuaries table of mortality with 4 per cent interest 4824566 00 1 Same for reversionary additions 49357 00 Same for annuities including those in reduction of premiums 29396 58 Total 4903319 58 Deduct net value of risks of this com pany reinsured in other solvent compa nies 2233 00 Net reserve 4901086 58 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies 7235 43 5 Claims for death losses in process of ad justment or adjusted and not due 21270 00 6 Claims for death losses which have been reported and no proofs received 4021 00 8 Claims for death losses and other policy claims resisted by the company 17299 00 10 Total policy claims 42590 00 12 Premiums paid in advance including surrender values so applied 4860 92 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 7864 43 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 38724 21 20 Dividends apportioned payable to policyholders during 1905 6892 06 22 Other liabilities Bonds in litigation 4600 00 23 Capital stock 100000 00 24 Unassigned funds surplus 117428 82 25 Total liabilities 5231282 45248 COMPTROLLERGENERALS REPORT Business in Georgia during 1904 Policies on the lives of citizens of said State in force December 31 of previous year Policies on the lives of citizens of said State 1Ssued during the year No Amount 932 1156992 14 400452 29 320 Total Deduct ceased to be in force during the year 1252 1557444 43 208 267173 00 Policies in force December 31 Losses and claims unpaid December 31 of previous year Losses 1044 1290271 43 and claims incurred during the year Total 10500 0 6500 00 Losses and claims settled during the year in cash 9 30000 by compromise 670000 Losses and claims unpaid December 31 Premiums collected or secured in cash and notes 01 credits Shout any deduction for losses dividends commissions or other expenses 17000 00 16000 00 1000 00 37208 96 INTERSTATE LIFE ASSURANCE COMPANY INDIANAPOLIS IND f B Davenport Secretary Chas A Stjdlow President Principal Office Fitzgerald Building Indianapolis Ind F M Daxcy Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of guaranty fund paid up in cash 320000 00 Amount of net or ledger assets Decent ber 31 of previous years Increase of guaranty fund during 1904 804430 85 70000 00 Extended at 874430 85 nINCOME DURING THE YEAS 1904 1 Cash received for premiums on new policies without de ductions for commissions or other expenses Cash received for renewal premiums without deduc tions for commissions or other expenses 7 Total premium income 151638 S9 525956 95 677595 84COMPTROLLERGENERALS 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 Total income 13 16 inDISBURSEMENTS DURING YEAR 1904 Cash paid for death claims including revisionary addi tions Premium notes loans or liens used in purchase of sur rendered policies voided by lapse Surrender values paid in cash Total paid policyholders 238027 M Cash paid contbs to guaranty fund for interest or div idends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 12109493 renewals 5616 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 compensation of offi cers and other home office employees 21 Cash paid for taxes on new premiums 24 Cash paid for rent Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 675150 printing 261336 postage 84565 Cash paid for legal expenses Cash paid for the following items change telegraph telephone etc 26 27 28 29 viz Express ex 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on moregage first liens on real estate 4 Loans made in cash to policyholders on this company s policies assigned as collateral or secured by terms of of which 3370969 was received during tne policy year 7 Cash in companys office 8 Cash deposited in banks 249 4744 10 31 21 24186 97 706558 12 40966 52 18789 38 178271 92 11855 40 21151 09 9153 11 3369 85 53548 08 6682 55 6054 75 3132 61 10210 51 1972 55 2622 30 467780 62 213933 00 13 Total net or ledgenassets 831780 84 2456 36 65038 15 1113208 35 250 COMPTROLLERGENERALS REPORT OTHEB ASSETS 14 Interest due 20500 and accrued 3031 13 on mortgages 3236 13 17 Interest due and accrued on premium notes loans or liens 15687 83 Total carried out 23 Gross premiums due and New Busmen Renewals unreported on policies in force December 31 1904 78044 83 17360 69 24 Gross deferred premiums on policies in force De cember 31 1904 7002 67 10225 82 Totals 85047 50 27586 51 25 Deducting loading 25 per cent on new 21259 50 205 00 18923 96 26 Net amount of uncollected and deferred premiums 63788 00 27381 51 91169 51 27 Office furniture and fixtures supplies insurance and law library 9216 36 28 Total assets as per the books of the company 1232518 18 ITEMS NOT ADMITTED 2 Furniture fixtures and safes etc 9216 36 8 Premium notes and loans on policies in excess of net value of these policies 6541 72 Total 15758 08 9 Total assets less items not admitted 1216 760 10 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed accord ing to the actuaries table of mortality with 4 per cent interest on business prior to 1904 and on Amer Exp table at 3 per cent on 1904 business 95894 00 11 Amount of unpaid dividends to contracts to guaranty fund accrued interest on scrip dividend contracts 663 10 16 Amount of any other liability of the company viz Pre miums paid in advance 924 5g 18 Gross surplus on policyholders account 256224 42 19 Total liabilities l2ie760 10COMPTROLLERGENERALS REPORT 251 LIFE INSURANCE COMPANY OP VIRGINIA RICHMOND VA J G Walker President W L T Rogerson Secretary Principal Office 909915 E Broad St Richmond Va L Z Rosseb and Morris Brandon Atlanta Attys for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 150000 00 Amount of net ledger assets December 31 of previous year 1465391 34 Extended at 1465391 34 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies and renewal premiums without deductions for commissions or other expenses 1676675 17 3 From dividends applied to pay running premiums see item 11 disbursements 340 02 4 From surrender values applied to pay running premiums 4039 17 Total 1681054 36 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 643 47 7 Total premium incomeT 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 com pany including item No 10 13 Cash received for rents for use of companys property in cluding 255625 for companys own occupancy 19 From all other sources viz Profit and loss Total income UIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re 1680410 89 53647 97 8874 33 6976 15 5366 04 8983 33 1764258 71 visionary additions 3 Cash paid for matured endowments and additions thereto 5 Cash paid for weekly indemnity claims 512105 03 100 00 1130 05 7 Total net amount actually paid for losses and matured endowments 513335 08252 COMPTROLLERGENERALS REPORT 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 12 Cash dividends annuities 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 551226 88 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on new premiums 22 Cash paid for taxes on franchises 253734 on State licenses 283500 personal property 9842 23 Cash paid for insurance department fees and agents li censes 34575 municipal licenses 474928 24 Cash paid for rent including 255625 for companys oc cupancy 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 1563310 printing 13248 32 postage 245992 28 Cash paid for real estate expenses other than taxes 99592 for legal expenses 1233684 29 Cash paid for the following items viz Traveling ex penses 432369 general expenses 2283662 loss on sale of real estate 292521 profit and loss 764723 Total miscellaneous expenses 851469 87 30 Total disbursements 1402696 75 IVASSETS AS PER LEDGES ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 74447 96 2 Loans on mortgage first liens on real estate 1174632 19 3 Loans secured by pledge of bonds stocks or other marketable collaterals 96331 57 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 24810 19 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 297509 94 14694 55 340 02 207 50 18610 56 4039 17 27000 00 354862 75 195113 91 39655 39 100554 88 22501 97 5470 76 5095 03 14956 04 1048 61 2803 68 31341 34 13332 76 L 37732 75 COMPTROLLERGENERALS REPORT 253 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 2775 24 156830 97 1087 24 Total 1828425 30 Less agents cash bonds 140000 un paid stockholders dividends 7200 1472 00 13 Total net or ledger assets 1826953 30 OTHER ASSETS 14 Interest due 174468 and accrued 9 46561 on mortgages 15 Interest due and accrued on bonds and stocks 16 Interest due 12000 and accrued 1458 89 on collateral loans 17 Interest due 10822 and accrued 4368 on premium notes loans or liens 18 Interest due and accrued on other assets 19 Rents due and accrued on companys property or lease Totals 25 Deducting cost of collec tion 40 7 and 15 per cent 19000 32 7600 13 26 Net amount of uncollected and deferred premiums 11400 19 1210 29 7057 92 1578 89 151 90 16 90 675 35 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and NewBusine Renewals unreported on policies in force December 31 1904 3910 37 16926 90 24 Gross deferred premiums on policies in force De cember 31 1904 15089 95 37106 07 54032 97 6467 01 47565 96 20691 25 18537 04 21364 17 58966 15 28 Total assets as per the books of the companyI 1946511 91 ITEMS NOT ADMITTED v 381 99 7 Bills receivable 9 Total assets less items not admitted 1946129 92 254 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries and American experience table of mortality with 4 and 3 per cent interest Deduct net value of risks of this company reinsured in other solvent companies 1504453 00 245 00 Net reinsurance reserve 3 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 1504 208 00 7886 10 16751 84 2000 00 Total policy claims 16 Amount of any other liability of the company viz Pre miums paid in advance 16 Surrender values claimable on policies cancelled whose reserves are not included in item No 1 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 26637 94 31285 53 1877 50 1564008 97 382120 95 19 Total liabilities 1946129 92 Business in Georgia during 190 No Amount Number and amount of policies on the lives of citi zens of Georgia issued during the year 2477 257363 00 Deduct number and amount which have ceased to be in force during the year 606 52745 00 Total number and amount of policies in force in Georgia December 31 1904 1871 Amount of losses and claims on policies incurred during the year 5 Amount of losses and claims on policies paid during 1904 4 Amount of losses reported and unpaid December 31 1904 1 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 204618 00 371 55 295 30 76 25 2139 79COMPTROLLERGENERALS REPORT 255 MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Henry B Stokes President J H Griffin Secretary Principal Office 6470 Broadway New York John J Coggins Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year 16809448 38 Extended at 16809448 38 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 501865 92 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 2019331 79 3 From dividends applied to pay running premiums see item 11 disbursements 35358 18 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 5351 62 4 From surrender values applied to pay running premiums see item 14 dis bursements 2372 64 4 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 22403 18 5 Consideration for annuities other than matured installment policies 2507 23 Total 2589190 56 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 9598 20 renewals 2053060 30128 80 7 Total premium income 2559061 76 8 Cash received for interest on mortgage loans 284591 11 9 Cash received for interest on bonds owned and divi dends on stock 180389 18 10 Cash received for interest on premium notes loans or liens 83531 24 IHHI j 1 i mm 256 COMPTROLLERGENERALS REPORT 11 Cash received for interest on other debts due the com pany 13 Cash received for rents for use of companys property 14 Cash received for profits on sales of bonds or stocks 16 From surrender values on reinsurances 17 Premium notes loans or liens restored by revival of poli cies 79953 30 284693 07 75829 73 4727 00 5140 13 Total income 3557916 52 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 1159828 75 3 Cash paid for matured endowments and additions thereto 197049 00 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 26 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Premium notes loans or liens voided by lapse Cash dividends paid policyholders Cash dividends applied to pay running premiums see item 3 income Cash dividends applied to purchase paidup additions and annuities see item 3 income Surrender values paid in cash Surrender values applied to pay running premiums see item 4 income Surrender values applied to purchase paidup insurance and annuities see item 4y2 income Total paid policyholders 1844558 73 Cash paid stockholders for interest or dividends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 27388319 renewals 11840922 annuities 12536 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 4118184 in spection of risks 898536 Cash paid for salaries and all other compensation of of ficers and other home office employees Cash paid for taxes on new premiums and renewals Cash paid for taxes on reserves 200369 on franchise 15365 Cash paid for insurance department fees and agents li censes 409627 municipal licenses 461398 Cash paid for rent Cash paid for furniture fixtures and safes for home and agency offices 1356877 75 10315 36 19329 55 84216 56 35358 IS 5351 62 308333 89 2372 64 22403 IS 16000 00 392417 77 151550 19 50167 20 100471 97 32656 36 2157 34 8710 25 75446 90 1579 20COMPTROLLERGENERALS REPORT 257 2f Cash paid for advertising 1096459 printing and sta tionery 1258346 postage 1054459 34092 64 28 Cash paid for real estate expenses other than taxes 90 90494 for legal expenses 2107760 111982 54 29 Cash paid for the following items viz Taxes on real estate 5269550 sundry office expenses 2352269 76218 19 Total miscellaneous expenses 1053450 63 30 Total disbursements 2898009 36 IVASSETS AS PEB LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all lncumbrances 5283441 65 2 Loans on mortgage first liens on real estate 6129810 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 515074 16 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1189745 34 5 Premium notes loans or liens on policies in force of which 821305 is for first years premiums 326819 68 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 3510145 24 7 Cash in companys office 10273 35 8 Cash deposited in banks 394739 11 10 Commuted commissions 8591389 agents balances 2339312 109307 01 IS Total net or ledger assets 17469355 54 OTHEH ASSETS 14 Interest due 3750 and accrued 10983080 on mort gages 109868 30 15 Interest accrued on bonds and stocks 6757 29 16 Interest accrued on collateral loans 3358 59 17 Interest due and accrued on premium notes loans or liens 20034 26 18 Interest accrued on other assets 4131 29 19 Rents due 1491816 and accrued 242667 on compa nys property or lease 17344 83 20 Market value of real estate over cost 591483 35 21 Market value of bonds and stocks over cost 144899 76 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 170334 89 145600 34 24 Gross deferred premiums on policies in force De cember 31 1904 8845 00 79526 00 Totals 179179 89 225126 34 17 inI SB yvr ifSi 260 coMPTROLLERGENBRALS REPORT IIINCOME 1 rirBt years premiums on original policies without deducting for commissions or other expenses less 351322 for first years reinsurance 4 Dividends applied to purchase paidup additions and annuities 6 consideration for original annuities in g volving life contingencies 38110 it s Total new premiums 9 Renewal premiums in addition to items 9 To and 11 without deduction for com missions or other expenses less 13 009 44 for reinsurance on renewals 23019 10 Dividends applied to pay renewal premi ums U Surrender values applied to pay renewal premiums 239424 44 13 Total renewal premiums 277534 6T 14 Total premium income g 167 12 18 Interest on mortgage loans g 19 interest on collateral loans 20 Interest on bonds and dividends on stocK 21 interest on premium notes gJjM 9j003 81 or liens and cash loans on policies 22 interest on other debts due the company 24 Rents from companys property 109963 46 25 Total interests and rents x 792 23 393667 69 28 Total income mDISBURSEMENTS 1 F0r death claims 0 J mI 167918 24 ance 16567100 additions 224724 2 For matured endowments 1250000 ad ditions 500 3 Net amount paid for losses and matured endowments 180423 2 4 For annuities involving life contingencies n 5 Premium notes voided by lapse 13610 09 6 Surrender values paid in cash 173 43 Return premiums COMPTROLLERGENERALS REPORT 261 12 14 15 17 7 Surrender values applied to pay renewal premiums see income No 11 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums see income No 10 small amount of dividends paid in cash upon paidup policies included 11 Dividends applied to purchase paidup additions and an nuities see income No 4 Total paid policyholders 210237 78 Paid stockholders for interest or dividends Commissions and bonuses to agents less commission on reinsurance first years premiums 1755545 re newal premiums 1120074 on annuities original 32217 Salaries and allowances for agencies including man agers agents and clerks 18 Agency supervision traveling and other agency expenses 19 Medical examiners fees 20 Salaries and all other compensation of officers and home office employees 1 21 Rent including 1000 for companys own occupancy 22 Advertising 154829 printing and stationery 2538 06 postage 83046 Legal expenses Insurance taxes licenses and department fees Taxes on real estate Repairs and expenses other than taxes on real estate 28 Loss on sale or maturity of ledger assets 29 All other disbursements Library bureau 138264 temporary expense 90438 sundry expenses 256580 23 25 26 27 43 55 425 65 9181 17 1062 65 6000 00 29078 36 4881 79 1938 30 2879 00 21070 50 1081 00 4916 81 963 00 3833 94 2341 18 604 18 18051 75 4852 82 30 Total disbursements 312730 41 IVLEDGER ASSETS 1 Book value of real estate unincumbered 119908 60 Book value of real estate old building balance of Are in surance of which amount 3500 paid in January 1905 4500 00 2 Mortgage loans on real estate first liens 128967 50 3 Loans secured by pledge of bonds stocks or other collat eral 10500 00 4 Loans made to policyholders on this companys policies assigned as collateral 149954 00 5 Premium notes on ordinary policies in force 9509 57 Premium loans on policies issued under the name of loan policies 8066 39 6 Book value of bonds excluding interest 166362919 stocks 12160213 1785231 32 7 Deposited in trust companies on interest 50000 00 8 Cash in companys office 100500 deposited in banks not on interest 3346686 34471 86fli II I H BB 264 COMPTROLLERGENERALS REPORT MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRING FIELD MASS W H Sargeant Secretary John A Hall President Principal Office Springfield Mass W J Harty Savannah Attorney for Service in Georgia ICAPITAL STOCK Extended at LINCOME DURING YEAR 1904 31802946 84 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses iy 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 see item 11 disbursements 3 From dividends applied to purchase paidup additions see item 12 dis bursements 854138 50 47694SS 52 174514 80 743161 71 73734 76 Total 6615038 29 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 13183 51 renewals 10741378 120597 29 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 policy loans premium notes loans or liens 11 Cash received for interest on other debts due the com pany 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property in cluding 800000 for companys own occupancy 16 From dividends and surrender values on reinsurances 6494441 00 659602 06 571272 12 253330 93 2866 34 356 48 14641 16 28969 31COMPTROLLERGENERALS REPORT 265 17 Premium notes loans or liens restored by revival of 19 FromCan other sources viz SST 93531 78 mentary contracts not involving life contingencies 8124920 09 Total income nIDISBURSEMENTS DURING YEAR 1904 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 4 Premium notes loans or liens used In payment of same 2225207 86 Total 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured of which 3500 is for matured endowments Muuu 7 Total net amount actually paid for losses and matured endowments v 9 Premium notes loans or liens used in purchase of sur rendered policies and voided by lapse 914 Premium notes loans or liens used in payment of dm dends to policyholders 17558 g2 1 n Tash dividends paid policyholders 2 Cas dividends applied to pay running premiums see 12 CaTdMoTripplied to purchase paidup additions see item 3V2 income 490773 12 S Ki 947 15DnSin190VandW cumulate interest subject to the order of the policy h0Toial paid poUcyhoiders I 268 00 16 Cash paid for claims on supplementary contracts not In volvins life contingencies IT Cash afd for commissions to agent lesso on reinsurance new policies 41037586 renewals 18 Cash pSforsaiaries andallowances and traveling ex penses to managers and agents 19 Cash paid for medical examiners fees 16127000 spection of risks 439558 i m WSC 268 COMPTROLLERGENERALS REPORT Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 2512 5318185 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 603 1124142 00 Total 3115 6442327 00 Deduct number and amount which have ceased to be in force during the year 198 366427 00 Total number and amount of policies in force in Georgia December 31 1904 2917 6075900 00 Amount of losses and claims on policies in Georgia incurred during the year 32 114000 00 Amount of losses and claims on policies in Georgia paid during the year 31 113000 00 Amount of premiums collected or secured in Georgia during the year in cash 20745544 notes or credits 293796 without any deduction for losses dividends commissions or other expenses 210393 40 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK John R Heoeman President James S Roberts Secretary Principal Office 1 Madison Ave New York City ICAPITAL STOCK 1 Amount of capital stock paid up in cash 2000000 00 Amount of net or ledger assets Decem ber 31 of previous year 103648680 47 Extended at103648680 47 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 6973546 81 1 dash received for renewal premiums without deductions for commissions or other expenses 42895929 77 2Vi Premium notes loans or liens taken in part payment for renewal premiums 83141 92COMPTROLLERGENERALS REPORT 269 3 From dividends applied to pay running premiums see item 11 disbursements 729298 30 5 Consideration for annuities other than matured installment policies lbboia 50848436 16 Total 6 Deduct amount of premiums paid to other companies for reinsurance on pol icies in this company new business 2 42350 renewals 3708869 3951 IT 50808923 97 8 SSrforest morte ioans 1695395 SS 9 Cash received for interest on bonds owned and dividends 10 CaTh Svedfor interest on premium notes loansor 11 CaTreceived for Interest onother debts due the com 13 CashTeceivedfor rents for useof companys property in eluding 36635400 for companys own occupancy 8241 8 14 Cash received for profits on sales of bonds or stocks 22782 71 Ssioeration for supplementary contracts not involving life contingencies 19 From all other sources viz Agents cash deposits in lieu of bonds 55985756 91 Total income mDISBUBSEMENTS DUBING YEAB 1904 1 Cash paid for death claims including re visionary additions 2 Premium notes loans or liens used m 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 Ai 7 Total net amount actually paid for losses and matured endowments 74773 25 s Pash paid to annuitants Pr mium notes loans or liens used in purchase of sur rendered policies 1314929 voided by lapse 26 9y2 piemiumnotesloansor liens used Inpayment of divi dends to policyholders 123 566 IS 1 ft rash dividends paid policyholders U Casn dividends applied to pay running premiums see item 3 incomebAHHOTHHPI Hhwmhnnhhmm SiSSS 272 COMPTROLLERGENERALS REPORT actuaries table of mortality with 4 per cent interest and American experience 3 per cent 111213164 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 82994 00 Net reinsurance reserve 111130170 00 3 Claims for death losses reported no proof received 134434 83 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 115852 85 6 Claims for death losses and other policy claims resisted by the company 42795 20 8 Present value of unpaid amounts on ma tured installment policies 40864 00 9 Liability on policies cancelled in item 1 upon which a surrender value may be demanded 21253 00 Total policy claims 355199 8 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 74324 41 13 Amount due on account of salaries rents and office ex 184571 07 penses 16 Amount of any other liability of the company viz Pre miums paid in advance 13790482 agents cash de posits in lieu of bonds 19663607 334540 89 Special reserve 1180289 00 17 Liabilities on policyholders account113259095 25 18 Gross surplus on policyholders account 14835219 99 19 Total liabilities 128094315 24 Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous 2549 2779145 00 year t Number and amount of policies on the lives of citi zens of Georgia issued during the year 1435 1391224 00 Total 3984 4170369 00 Deduct number and amount which have ceased to be in force during the year 931 914922 00 Total number and amount of policies in force in Georgia December 31 1904 3053 3255447 00 fcCOMPTROLLERGENERALS REPORT 273 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 5 4600 00 Amount of losses and claims on policies in Georgia incurred during the year 31 118194 61 Total 36 122794 61 Amount of losses and claims on policies in Georgia paid during the year 36 122794 61 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 401770 74 MICHIGAN MUTUAL LIFE INSURANCE COMPANY DETROIT MICH O R Looker President A F Moobe Secretary Principal Office 150 Jefferson Avenue Detroit Mich Frank L Woodruff Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 250000 00 2 Amount of capital sub scribed but unpaid 250000 00 Amount of net or ledger assets December 31 of previous year 8072318 69 Extended at 8072318 69 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 217537 80 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 1158596 88 2 Premium notes loans or liens taken in part payment for premiums on new pol icies 863 70 2V2 Premium notes loans or liens taken in part payment for renewal premiums 119842 30 3 From dividends applied to pay running premiums see item 11 disbursements 17040 63 3y2 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 10540 63 18 in HHMBHB 2S3 274 COMPTROLLERGENERALS REPORT 4 From surrender values applied to pay run ning premiums see item 14 disburse ments 3506 58 Total 1527928 57 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 2080 79 renewals 1209697 14177 76 7 Total premium income 1513 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property 16 From dividends and surrender values on reinsurances 750 81 925 11 1500 00 46342 06 4 1 17 077 26 269 08 341 24 266 51 Total income 1931472 07 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 472789 10 3 Cash paid for matured endowments and additions thereto 237260 59 TotalI 710049 69 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 2000 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 policyholders 11 Cash dividends applied to pay running premiums see item 3 income 12 Cash dividends applied to purchase paidup additions and annuities see item 3 income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income Surrender values applied to pay notes on defaulted poli cies 708 2 3 049 69 251 89 397 16 17040 63 10540 63 113112 78 3506 58 27593 85 COMPTROLLERGENERALS REPORT 275 Surrender values applied to pay interest on notes of de faulted policies 235 66 Total paid policyholders 885728 87 Paid for claims on supplementary contracts not involv ing life contingencies 1166 66 16 Cash paid stockholders for interest or dividends 25000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 16026640 renewals 9463844 254904 84 18 Cash paid for salaries and allowances to managers and agents 30737 71 19 Cash paid for medical examiners fees 1892611 in spection of risks 724488 26170 99 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 56158 62 Cash paid for taxes on new premiums 449623 on re newals 1906468 23560 91 Cash paid for taxes on real estate 588007 losses on sales of real estate 898278 14862 85 23 Cash paid for insurance department fees and agents li censes 195579 municipal licenses 333226 5288 05 24 Cash paid for rent 14530 61 25 Agency supervision traveling and all agency expenses 20657 65 26 Cash paid for furniture fixtures and safes for home and agency offices 790 27 27 Cash paid for advertising 398878 printing 1781541 postage 588796 27692 15 28 Cash paid for real estate expenses other than taxes 14 29651 for legal expenses 1006943 24365 94 29 Cash paid for the following items Depositors 13647 general expense recording fees office supplies sub scriptions etc 1282567 12962 14 Total miscellaneous expenses 538849 39 21 22 30 Total disbursements 1424578 26 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate Loans secured by pledge of bonds stocks or other mar ketable collaterals Loans made in cash to policyholders on this companys policies assigned as collateral Premium nctes loans or liens on policies in force of which 21573 was received during the year Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances 4 5 6 354946 96 7073688 81 5500 00 818220 17 68334 59 25000 00 19368 71 203419 46 10733 80 13 Net or ledger assets 8579212 50HHHHi 276 COMPTROLLERGENERALS REPORT OTHEB ASSETS 14 Interest due 2023779 and accrued 9714371 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 530249 and accrued 6 38144 on premium notes loans or liens 18 Interest accrued on other assets 19 Rents accrued on companys property or lease 117381 50 250 00 197 05 11683 93 12 08 2033 00 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and New Business unreported on policies in force December 31 1904 32930 89 24 Gross deferred premiums on policies in force De cember 31 1904 20234 37 Kenewals 25674 13 107432 40 Totals 53165 26 133106 53 25 Deducting loading 20 per cent on new and 20 per cent on renewals 10633 05 26621 31 131557 56 24353 68 3750 00 26 Net amount of uncollected and deferred premiums 42532 21 106485 22 149017 43 28 Total assets as per the books of the company 8887891 17 ITEMS NOT ADMITTED 5 Agents balances unsecured 319 42 9 Total assets less items not admitted 8887571 75 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 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 8527668 68 33270 00 Net reinsurance reserve 8494398 68 COMPTROLLERGENERALS REPORT 277 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6333 80 8 Present value of unpaid amounts on ma tured installment policies face 14 83334 11597 05 Total policy claims 17930 85 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 542 83 13 Amount due on account of salaries rents and office ex penses 610 17 16 Amount of any other liability of the company viz Pre miums paid in advance 864735 deposit account 199363 10640 98 17 Liabilities on policyholders account 8524123 51 18 Gross surplus on policyholders account 363448 24 19 Total liabilities 8887571 75 Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 883 986635 44 Number and amount of policies on the lives of citi zens of Georgia issued during the year 756 713124 30 Total 1639 1699759 74 Deduct number and amount which have ceased to be in force during the year 758 644685 18 Total number and amount of policies in force in Georgia December 31 1904 881 1055074 56 Amount of losses and claims on policies in Georgia incurred during the year 8 4385 00 Amount of losses and claims on policies in Georgia paid during the year 8 4385 00 Amount of premiums collected or secured in Georgia during the year in cash 3067065 notes or credits 134568 without any deduction for losses dividends commissions or other expenses 32016 33 iii jjgrasja 278 COMPTROLLERGENERALS REPORT MISSOURI STATE LIFE INSURANCE COMPANY ST LOUIS MO Edmund P Melson President C A Goodale Secretary Principal Office 410424 Chemical Building St Louis Mo N B Browne Atlanta Attorney for Service in Georgia ICAPITAL STOCK stock Amount of capital paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year Extended at 499129 30 499129 30 IIINCOME DUBING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 156267 78 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 152734 95 2 Premium notes loans or liens taken in part payment for premiums on new policies and renewal premiums 119929 23 4 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 58 00 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 32652 renewals 28099 428989 96 607 51 7 Total premium income 8 Cash received for interest on mortgage loans 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 17 Premium notes loans or liens restored by revival of pol icies 19 From all other sources viz Sale of Handy Guides 2350 two releases mortgage loans No 23 and No 53 200 cancellation charges on not delivered policies 900 428382 45 10943 68 11663 35 2407 59 2321 35 34 50 Total income 455752 92 COMPTROLLERGENERALS REPORT 279 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 55272 88 2 Premium notes loans or liens used in payment of the same 2418 97 7 Total net amount actually paid for losses and matured endowments 9 Premium notes loans or liens used in purchase of sur rendered policies 262343 voided by lapse 3239853 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities see item 4 income Total paid policyholders 93591 02 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 10428569 renewals 1465345 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 952400 inspec tion of risks 269730 Cash paid for salaries and all other compensation of offi cers and other home office employees Cash paid for taxes on new premiums and renewals Cash paid for taxes on franchise 12642 on invest ments 46272 St Louis city tax 23 Cash paid for insurance department fees and agents li censes 318784 municipal licenses 30825 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 79332 printing 390754 postage 147316 28 Cash paid for legal expenses 29 Cash paid for the following items viz Collection of premiums 73115 interest on bills payable 5708 accrued interest on bonds purchased 6222 inciden tal office expenses including telegrams telephones express charges etc 96039 Total miscellaneous expenses 183287 49 20 21 22 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force 57691 85 35021 96 819 21 58 00 8000 00 118939 14 10082 12 12221 30 14899 88 1704 72 589 14 3496 09 4237 49 89G 78 6174 02 235 97 1810 84 276878 51 217450 00 216 14 385738 77280 COMPTROLLERGENERALS REPORT 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances Total carried out 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 29926 66 17975 77 24 Gross deferred premiums on policies in force De cember 31 1904 24268 05 Totals 29926 66 42243 82 25 Deducting loading 15 per cent on new and 15 per cent on renewals 4489 00 6336 57 26 Net amount of uncollected and deferred premiums 25437 66 27 Furniture fixtures and safes 35907 25 10100 00 5347 04 13353 99 150 00 45647 77 13 Total net or ledger assets 678003 71 OTHER ASSETS 14 Interest due 101700 and accrued 4 19816 on mortgages 5215 16 15 Interest accrued on bonds and stocks 200 00 17 Interest accrued on premium notes loans or liens 10041 50 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents debit balances 7 Bills receivable 8 Premium notes or loans on policies and net premiums in item 26 in excess of the net value of their policies 3000 00 47820 19 150 00 44273 13 Total 15456 66 61344 91 3000 00 28 Total assets as per the books of the company 757805 28 95243 32 9 Total assets less items not admitted 662561 96COMPTROLLERGENERALS REPORT 281 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest Deduct net value of risks of this company reinsured in other solvent companies 470185 00 757 00 Net reinsurance reserve 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due Amount due on account of salaries rents and office ex 13 16 penses Amount of any other liability of the company viz Pre miums paid in advance 23800 commissions due to agents on premium notes when paid 1872916 cost of collection on uncollected and deferred premiums in excess of the loading thereon 1616641 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 469428 00 3500 00 2447 75 35133 57 510509 32 152052 64 19 Total liabilities Business in Georgia during 1904 No Number and amount of policies on the lives of citizens of Georgia issued during the year 235 Deduct number and amount which have ceased to be in force during the year 29 Total number and amount of policies in force in Georgia December 31 1904 206 Additions Amount of premiums collected or secured in Georgia during the year in cash 597393 and notes or credits 970 without any deduction for losses dividends commissions or other expenses 662561 96 Amount 365822 00 68500 00 297322 00 14 25 5983 63 282 COMPTROLLERGENERALS REPORT MUTUAL BENEFIT LIFE INSURANCE COMPANY NEWARK N J Frederick Frelinghuysen President Edward L Dobbins Secretary Principal Office 752 Broad Street Newark N J Clarence V Angier Atlanta Attorney for Service in Georgia ICAPITAL stock Amount of net or ledger assets December 31 of previous year 83901850 44 Extended at 83901850 44 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 1728975 95 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 9375067 67 2 Premium notes loans or liens taken in part payment for premiums on new policies 23707 47 2 Premium notes loans or liens taken in part payment for renewal premiums 737759 24 3 From dividends applied to pay running premiums see item 11 disbursements 1218407 34 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 379190 49 4 From surrender values applied to pay running premiums see item 14 disbursements 13015 17 5 Consideration for annuities other than matured install ment policies 226707 41 8 Cash received for interest on mortgage loans 2167519 91 9 Cash received for interest on bonds owned and divi dends on stock 951632 22 10 Cash received for interest on premium notes loans or liens and collateral loans 825681 92 11 Cash received for interest on other debts due the com pany 10623 47 12 Cash received as discount on claims paid in advance 673 91 13 Cash received for rents for use of companys property 174106 72 14 Cash received for real estate 14697 65 17 Premium notes loans or liens restored by revival of pol icies 44 22 Total income 17847810 76 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 4792983 27 2 Premium notes loans or liens used in pay ment of the same 238360 14COMPTROLLERGENERALS REPORT 283 3 Cash paid for matured endowments and additions thereto 1229566 86 4 Premium notes loans or liens used in the payment of same 63736 09 5 Cash paid for sums falling due during the year on installment policies 50506 47 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 21075157 voided by lapse 10 18074 9 Premium notes loans or liens used in payment of divi dends to policyholders 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 12 Cash dividends applied to purchase paidup additions and annuities see item 3 income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income Total paid policyholders 9834825 49 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 74021119 renewals 66844184 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on premiums 22 Cash paid for taxes on reserves 1992672 on invest ments 19428169 on real estate 5280003 23 Cash paid for insurance department fees and agents li censes 1561551 municipal licenses 3311863 26 Cash paid for investment expenses 4132867 miscella neous office 5761440 27 Cash paid for advertising 5386609 printing 20234 86 postage 3454828 Cash paid for real estate expenses other than taxes 56 53300 for legal expenses 4585212 Cash paid for the following items viz Premiums on bonds purchased Total miscellaneous expenses 2723983 03 17 18 19 20 28 29 6375152 83 120694 45 220932 31 5990 62 317186 10 1218407 34 379190 49 1204256 18 13015 17 1408653 03 90324 56 150584 26 310530 29 138170 89 267008 44 48734 14 98943 07 108649 23 102385 12 69261 31 30 Total disbursements 12648069 83284 COMPTROLLERGENERALS REPORT IVASSETS AS PER LEDGER ACCOUNTS 1 Real estate exclusive of all incumbrances 3109690 97 2 Loans on mortgage first liens on real estate 46302397 97 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 1957450 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral or secured by terms of policy 8621307 65 5 Premium notes loans or liens on policies in force of which 2268386 was received during the year 4873593 77 6 Book value of bonds and stocks owned excluding ac crued interest at time of purchase 22994401 33 7 Cash in companys office 7634 45 8 Cash deposited in banks 1164695 46 10 Agents ledger balances 70419 77 13 Total net or ledger assets 89101591 37 OTHER ASSETS 14 Interest due 4675546 and accrued 105865485 on mortgages 1105410 31 15 Interest accrued on bonds and stocks 199633 21 17 Interest accrued on premium notes loans or liens 315967 11 Total carried out 1621010 63 21 Market value of bonds and stocks over book 1397044 87 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 179539 20 382730 49 24 Gross deferred premiums on policies in force De cember 31 1904 138882 77 784092 84 Totals 25 Deducting loading 42 per cent on new and 20 per cent on renewals to reduce renewals to net 318421 97 1166823 33 133737 23 233364 67 26 Net amount of uncollected and deferred premiums 184684 74 933458 66 1118143 40 28 Total assets as per the books of the company 93237790 27 ITEMS NOT ADMITTED 5 Agents balances 70419 77 9 Total assets less items not admitted 93167370 50 COMPTROLLERGENERALS REPORT 285 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to the actuaries and American tables of mortalitywith 4 and 3 per cent interest 84530194 00 4 Claims for matured endowments due and unpaid 52545 00 5 Claims for death losses in process of ad justment or adjusted and not due 131042 33 6 Claims for death losses and other policy claims resisted by the company 11000 00 8 Present value of unpaid amounts on ma tured installment policies face 357 25884 274609 55 Claims for death losses no proofs re ceived estimated 300000 00 Total policy claims 769196 88 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 294220 04 13 Amount due on account of salaries rents and office ex penses estimated 25000 00 16 Amount of any other liability of the company viz Pre miums paid in advance 5696106 deferred endow ment claims 12044083 deferred death claims 122 21449 299616 38 17 Liabilities on policyholders account 85918227 30 18 Gross surplus on policyholders account 7249143 20 19 Total liabilities 93167370 50 21 Estimated surplus accrued on all other policies 7249143 20 Business in Georgia luring 190If No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 3450 7570945 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 740 1353339 00 Tota 4190 8924284 00 Deduct number and amount which have ceased to be in force during the year 332 660676 00 Total number and amount of policies in force in Georgia December 31 1904 3858 8263608 00 2gg COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 5 14000 00 Amount of losses and claims on policies in Georgia incurred during the year 36 117701 00 Total 41 13L70100 Amount of losses and claims on policies in Georgia paid during the year 39 125034 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 293328 93 MUTUAL RESERVE LIFE INSURANCE COMPANY NEW YORK N Y P A Bubnham President Chas W Camp Secretary Principal Office 305307309 Broadway New York City Cliffobd L Anderson Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets Decem ber 31 of previous year 4653530 93 Extended at 4653530 93 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 376302 94 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 3568603 78 2 Premium notes loans or liens taken in part payment for premiums on new policies 153619 77 2 Premium notes loans or liens taken in part payment for renewal premiums 286737 63 3 From dividends applied to pay running premiums see item 11 disbursements 79369 51 4 From surrender values applied to pay running premiums see item 14 disbursements 600 97 4 From surrender values applied to purchase paidup in surance and annuities see item 15 disbursements 13823 44 5 Consideration for annuities other than matured install ment policies 1650 00 7 Total premium income 4480708 04 8 Cash received for interest on mortgage loans 18600 68 9 Cash received for interest on bonds owned and dividends on stock 18048 93COMPTROLLERGENERALS REPORT 287 10 Cash received for interest on premium notes loans or liens 196800 04 11 Cash received for interest on other debts due the com pany 13402 19 13 Cash received for rents for use of companys property in cluding 5040000 for companys own occupancy 154650 08 14 Cash received for profits on sales of bonds or stocks 92 67 17 Premium notes loans or liens restored by revival of policies 11242 13 19 From all other sources viz Pees for alterations in pol icies 163 84 Total income IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 2612848 10 2 Premium notes loans or liens used in payment of the same 95822 96 7 Total amount actually paid for losses and matured en dowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 3700432 voided by lapse 220396 9 Premium notes loans or liens used in payment of divi dends to policyholders 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income 15 Surrender values applied to purchase paidup insurance and annuities see item 4 income Total paid policyholders 3128878 49 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 30417669 renewals 9276293 annuities 12375 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 2724243 inspec tion of risks 254301 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 renewals 22 Cash paid for taxes on reserves 53587 on franchise 617746 23 Cash paid for insurance department fees and agents li censes 572477 municipal licenses 214066 4893708 60 2708671 06 75 00 257400 32 4788 95 2424 06 79369 51 61725 18 600 97 13823 44 397063 37 125556 32 29785 44 310412 18 30023 20 6713 33 7865 43 288 COMPTROLLERGENERALS REPORT 24 Cash paid for rent including 5040000 companys occu pancy 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 2366564 printing 2181457 Cash paid for taxes on real estate Cash paid for real estate expenses other than taxes 10730407 for legal expenses 8719682 Cash paid for the following items viz Agency expenses 6769224 postage 2236970 investment expense 150000 acturial expense 3225943 general office expense 9713895 miscellaneous expense 13732932 27 28 29 76614 92 15000 00 2938 17 45480 21 25092 06 194500 89 358289 64 Total miscellaneous expenses 30 Total disbursements 1625335 16 4754213 65 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force of which 8835305 was received during the year 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances On deposit with collecting banks and bonded collectors 680310 96 452750 00 1869548 19 232758 29 559521 59 376 60 733552 70 75879 18 188328 37 13 Total net or ledger assets 4793025 88 OTHER ASSETS 14 Interest due and accrued on mortgages 15 Interest due 202568 and accrued 230780 on bonds and stocks 17 Interest due 978400 and accrued 5588200 on premi um notes loans or liens Interest due 119250 and accrued 65165 on other assets Rents due and accrued on companys property or lease Market value of real estate over cost 18 19 20 24 3389 03 4333 48 65666 00 1844 15 3558 22 34687 04 25 Gross deferred premiums New Business Renewals on policies in force De cember 31 1904 79110 00 944508 00 Deducting loading 50 per cent on new and 10 per cent on renewals 39555 00 94451 00COMPTROLLERGENERALS REPORT 289 26 Net amount of uncollected and deferred premiums 39555 00 850057 00 889612 00 Net premiums in transit reserve charged in liabilities 181083 63 28 Total assets as per the books of the company 5977199 43 ITEMS NOT ADMITTED 3 Premium notes on loans on policies and net premiums in excess of the net value of their policies 137056 67 5 Agents balances 75879 18 8 Supplies printed matter and stationery depreciation in bonds 4346 29 Total 217282 14 9 Total assets less items not admitted 5759917 29 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries and American tables of mor tality with 4 and 3per cent interest 4397988 00 Net reinsurance reserve 4397988 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 595283 40 6 Claims for death losses and other policy claims resisted by the company 60523 14 Claims for death losses reported no proofs received 140897 77 Total policy claims 796704 31 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 20342 10 13 Amount due on account of salaries rents and office ex penses 184913 25 16 Amount of any other liability of the company viz Pre miums paid in advance 758 05 17 Liabilities on policyholders account 5400705 71 18 Gross surplus on policyholders account 359211 58 19 Total liabilities 5759917 29 21 Estimated surplus accrued on all other policies 376668 28 19 InHPpHHi NMiiiHHHI 290 COMPTROLLERGENERALS REPORT Business in Georgia during 190Jf No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous 1632 year Number and amount of policies on the lives of citi zens of Georgia issued during the year 693 Total 2325 Deduct number and amount which have ceased to be in force during the year 549 Total number and amount of policies in force in Georgia December 31 1904 1776 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 5 Amount of losses and claims on policies in Georgia incurred during the year 2 Total 32 Amount of losses and claims on policies in Georgia paid during the year 25 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses Cash 12558900 notes or credits 1039800 total Amount 3054748 00 1645520 00 I 4700268 00 904950 00 3795318 00 8000 00 48827 61 56827 61 41745 65 135987 00 MUTUAL LIFE INSURANCE COMPANY CHICAGO ILL LaVekne Notes President E C Brainard Secretary Principal Office 135 Adams Street Chicago 111 W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 150000 00 Amount of net or ledger assets Decem ber 31 of previous year 275392 30 Decrease of capital during 1904 net 5500 00 Extended at 269S92 30 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 87792 96 COMPTROLLERGENERALS REPORT 291 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 46762 75 2 Premium notes loans or liens taken in part payment for renewal premiums 2591 68 Total Deduct amount of premiums paid to other companies for reinsurance on pol icies in this company new business 1 36620 renewals 21854 137147 39 1584 74 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 18 Money borrowed Total income IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including revisionary addi tions 9 Premium notes loans or liens voided by lapse 10 Cash dividends paid policyholders Total paid policyholders 13056 20 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7262558 renewals 79818 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 433843 inspec tion of risks 117415 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on new premiums 22 Cash paid for taxes on personal property Cash paid for insurance department fees and agents li censes 166079 municipal licenses 5000 Cash paid for rent Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 194568 printing 631862 postage 110669 Cash paid for legal expenses 29 Cash paid for the following items viz Agency travel ing expenses 209894 paid for interest 49932 bills payable paid 500000 surety account 19050 tele phone and telegraph 42585 library 4900 express 18 19 20 23 24 26 27 28 135562 65 8562 50 190 39 15000 00 159315 54 11000 00 2039 70 16 50 73423 76 3fi31 60 5512 58 18758 24 848 67 32 22 1710 79 3264 04 1035 08 9370 99 4001 15pHaHBMHWMHHMl 292 COMPTROLLERGENERALS REPORT and freight 25188 miscellaneous expenses 949221 medical directors fees 126850 collection expenses 14329 subscription account 5240 suspense ac count 12500 incorporation expenses 500000 30 Total disbursements 24596 89 159242 51 IVASSETS AS PER LEDGER ACCOUNTS 4 Loans paid in cash to policyholders on this companys policies assigned as collatedal 7103 80 5 Premium notes loans or liens on policies in force re ceived during the year 1130 05 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 237612 60 7 Cash in companys office 3388 83 8 Cash deposited in banks 3072 43 9 Bills receivable 9000 00 10 Agents ledger balances 8657 62 13 Total net or ledger assets 269965 33 OTHEK ASSETS 15 Interest due and accrued on bonds and stocks 2173 81 17 Interest due and accrued on premium notes loans or liens 128 52 18 Interest due and accrued on bills receiva ble 163 85 Total carried out 23 Gross premiums due and unreported on policies in force December 31 1904 24 Gross deferred premiums on policies in force De cember 31 1904 New Business 12049 57 1161 21 26 Net amount of uncollected and deferred premiums 11229 17 27 Furniture fixtures and safes Supplies stationery etc 28 Total assets as per the books of the company Renewals 5205 87 2458 02 Totals 13210 78 7663 89 25 Deducting loading 15 per cent on new and 15 per cent on renewafe 1981 61 1149 58 6514 31 2466 18 17743 48 3000 00 2000 00 295174 99 wpppBiBBiB COMPTROLLERGENERALS REPORT 293 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 3000 00 3 Book value of assets above market value 13027 60 4 Premium notes net premiums etc over reserve 11500 00 5 Agents balances unsecured 2696 76 7 Bills receivable unsecured 2000 00 8 Supplies printed matter and stationery 2000 00 Total 9 Total assets less items not admitted 34224 36 260950 63 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest 57908 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 1838 00 Net reinsurance reserve 56070 00 5 Claims for death losses and matured endowments in pro cess of adjustment or adjusted and not due 1000 00 13 Amount due on account of salaries rents and office ex penses 2366 08 14 Amount due by the company for borrowed money 15000 00 16 Amount of any other liability of the company viz Pre miums paid in advance 40000 commissions due agents on premium notes when paid 7936 479 36 18 Gross surplus on policyholders account 186035 19 19 Total liabilities Business in Georgia during 190 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 146 Number and amount of policies on the lives of citi zens of Georgia issued during the year 109 Total 255 Deduct number and amount which have ceased to be in force during the year 67 260950 63 263250 00 187300 00 450550 00 130400 00 Total number and amount of policies in force in Georgia December 31 1904 188 320150 00Hi iliiiilii 294 COMPTROLLERGENERALS REPORT Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses Cash 964911 notes or credits 26083 total 9909 94 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK William J Eastox cprptaries Richard A McCdrdy President Gbanville m White beoleuul Home Office 32 Nassau Street New York City Icapital stock Amount of ledger assets as per halance December 31 of previous year378673062 0 Extended at v IIINCOME 1 First years premiums on original poli cies without deduction for commissions or other expenses less 8071484 for first years reinsurance 9132959 08 2 Surrender values applied to pay first yelars premiums 41310 12 3 Total first years premiums on original policies 9174269 20 4 Dividends applied to purchase paidup ad ditions and annuities 1618726 71 G Consideration for original annuities in volving life contingencies 2943331 89 7 Consideration for supplementary con tracts involving life contingencies 940323 80 8 Total new premiums 14676651 60 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 3887794 for reinsurance on renewals 47694S85 71 10 Dividends applied to pay renewal pre miums 36136 24 11 Surrender values applied to pay renewal premiums 489735 11 12 Renewal premiums for deferred annuities 34688 44 13 Total renewal premiums 48255445 50 14 Total premium income 62932097 10COMPTROLLERGENERALS REPORT 295 15 Consideration for supplementary contracts not involving life contingencies 501093 19 18 Interest on mortgage loans 4166322 91 19 Interest on collateral loans 298849 08 20 Interest on bonds and dividends on stocks 9705707 66 21 Interest on policy loans or liens 1124759 42 22 Interest on other debts due the company 652204 74 24 Rent from companys property including 275000 for companys own occupancy 1621950 47 25 Total interest and rents 17569794 28 28 Total income 81202984 57 IIIDISBURSEMENTS 1 For death claims less 25150550 rein surance 1989759101 additions 1 20263579 21100226 80 2 For matured endowments 422759932 additions 34440321 4572002 3 Net amount paid for losses and matured endowments 25672229 33 4 For annuities involving life contingencies 2389114 07 0917 fi7Q Q 6 Surrender values paid in cash 1IB 7 Surrender values applied to pay new premiums see in come No 2 4131012 to pay renewal premiums see income No 11 48973511 531045 23 9 Dividends paid to policyholders in cash loitfM s 10 Dividends applied to pay renewal premiums see income 36136 24 No 10 11 Dividends applied to purchase paidup additions and an nuities see income No 4 161872b 71 12 Total paid policyholders 34484274 83 13 Paid for claims on supplementary contracts not involv ing life contingencies 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 655886778 re newal premiums 185439329 on annuities origi nal 13214878 renewal 75540 854616a 2o 17 Salaries and allowances for agencies including man agers agents and clerks 18 Agency supervision traveling and all other agency ex penses 19 Medical examiners fees 67467568 inspection of risks 17118456 20 Salaries and all other compensation of officers and home office employees 7 21 Rent including 275000 for companys own occupancy 852032 47 22 Advertising 32979702 printing and stationery 601 10121 postage 20393553 llo48oo296 COMPTROLLERGENERALS REPORT 23 Legal expenses 24 Furniture fixtures and safes 25 Insurance taxes licenses and department fees 26 Taxes on real estate 27 Repairs and expenses other than taxes on real estate 29 All other disbursements Exchange and brokerage 57 86860 committee fees and surety bonds 3831875 freight express duties restaurant 11556015 miscel laneous items 400699 total 364254 95 152077 48 809964 02 328698 72 606583 32 215754 49 30 Total disbursements 51382731 44 IVLEDGER ASSETS Book value of real estate unincumbered 34701700 61 Mortgage loans on real estate first liens 102027893 42 Loans secured by pledge of bonds stock or other collat teral 11210000 00 Loans made to policyholders on this companys policies assigned as collateral 23277736 49 Book value of bonds excluding interest 166104667 91 stocks 5127608482 217380752 73 7 Deposited in trust companies and banks on interest 17717287 40 8 Cash in companys office 1874153 desposited in banks not on interest 23713066 255872 19 9 Agents balances 83620269 suspense 88587020 1722072 89 6 10 Total ledger assets 408293315 73 NONLEDGEB ASSETS 11 Interest due 1265650 and accrued 1 10516000 on mortgages 1117816 50 12 interest due and accrued on bonds and stocks 1878804 06 13 Interest due on collateral loans 22172 74 15 Interest due and accrued on other assets 75835 98 16 Rents due 2364435 and accrued 141 93293 on companys property or lease 165577 28 17 Total interest and rents due and accrued 3260206 56 19 Market value not including interest in item 12 of bonds and stocks over book value 25810689 51 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 80576 75 3930481 84 22 Gross deferred premiums on policies in force De cember 31 1904 260493 34 2615048 61 23 Totals 341070 09 6545530 45 COMPTROLLERGENERALS REPORT 297 24 Deduct cent loading 22 per 76740 77 1472744 35 25 Net amount of uncollected and deferred premiums 264329 32 5072786 10 5337115 42 27 Gross assets 442701327 22 DEDUCT ASSETS NOT ADMITTED 30 Agents debit balances 837085 86 34 Suspense 885870 20 35 Total 1722956 06 36 Total admitted assets 440978371 16 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the insur ance department of New York on the actuaries table of mortality with four per cent interest for policies issued before January 1 1898 and on the American table with three and onehalf per cent interest for policies issued on and after that date 321316451 00 Same for revisionary additions 13112495 00 Same for annuities including those in reduction of premiums 27949410 00 Total 362378356 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 33001 00 Net reserve 362345355 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 1290000 19 5 Claims for death losses in process of ad justment or adjusted and not due 1192028 34 6 Claims for death losses which have been reported and no proofs received 307841 00 7 Claims for matured endowments due and unpaid not yet presented 196511 92 8 Claims for death losses and other policy claims resisted by the company 181066 00 9 Due and unpaid on annuity claims involv ing life contingencies not yet presented 188094 94 10 Total policy claims 2065542 20298 COMPTROLLERGENERALS REPORT 11 Due and unpaid on supplementary contracts not involv ing life contingencies 1068 39 12 Premiums paid in advance including surrrender values so applied 695468 43 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 48730 57 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 174387 95 22 Other liabilities Reserve for contingent guarantee fund 7145781843 surplus to be apportioned in 1905 2 900000 total 74357818 43 25 Total liabilities 440978371 16 Business in Georgia during ISO No Amount Policies on the lives of citizens of said State in force December 31 of previous year10659 24276119 00 Policies on the lives of citizens of said State issued during the year and paid for 2441 4928639 00 Total 13100 29204758 00 Deduct ceased to be in force during the year 1252 2641112 00 Policies in force December 3111848 26563646 00 Losses and claims incurred during the year 170 625394 00 Losses and claims settled during the year in cash 170 625394 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 1021490 41 NATIONAL LIFE INSURANCE COMPANY CHICAGO ILL P M Stakses President R E Sackktt Secretary Principal Office 159 LaSalle Street Chicago 111 Mark J McCokd Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets December 31 of previous year 4041198 69 Certificates of deposit with Canadian gov ernment withdrawn during the year 110000 00 Extended at 3931198 69w COMPTROLLERGENERALS REPORT 299 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 452213 96 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 1216685 12 3 From dividends applied to pay running premiums see item 11 disbursements 68 11 Zy2 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 338 25 4 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 21272 01 5 Consideration for annuities other than matured installment policies 4000 00 Total 1694577 45 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 70259 renewals 344788 4150 47 1690426 98 7 Total premium income 8 Cash received for interest on mortgage loans 6S66 o 9 Cash received for interest on bonds owned and dividends 105533 55 on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com lUbo oo pany 919ft 7 12 Cash received as interest on collateral loans j 13 Cash received for rents 14 Cash received for profits on sales of bonds or stocks and vpni gstats 17 Premium notes loans or liens restored by revival of Plicies 704 83 18 Profit and loss 19 From all other sources viz Consideration for supple mentary contracts not involving life contingencies charged off agents balances paid during the year 44 653 50 charged off notes paid during the year 3378 81 charged off mortgage loans paid during the year 1000000 Total income 1968653 81300 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 34258G 83 3 Cash paid for matured endowments and additions thereto 3535 00 5 Cash paid for sums falling due during the year on installment policies 4050 00 Total 35017183 6 Deduct amount received from other com panies for losses or claims on policies o this company reinsured 5000 00 9 10 11 12 13 14 15 17 18 19 20 21 22 23 24 25 26 27 28 Total net amount actually paid for losses and matured endowments 345171 83 Cash paid to annuitants 1453 43 Premium notes loans or liens voided by lapse 5255 67 Cash dividends paid policyholders 1318 05 Cash dividends applied to pay running premiums see item 3 income 68 J1 Cash dividends applied to purchase paidup additions and annuities see item 3 income 338 25 Surrender values paid in cash 105323 55 Amounts returned to policyholders 10444 99 Surrender values applied to purchase paidup insurance and annuities see item 4 income 21272 01 Total paid policyholders 499650 89 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 35111841 renewals 3711735 38835 76 Cash paid for salaries and allowances to managers and agents S65S0 44 Cash paid for medical examiners fees 4133402 in spection of risks 917166 50505 68 Cash paid for salaries and all other compensation of offi cers and other home office employees 100744 94 Agency supervision traveling and all other agency ex penses 16650 80 Cash paid for taxes on real estate 6808 99 Cash paid for insurance taxes license and department fees 35170 83 Cash paid for rent 13590 00 Cash paid for commuting commissions 8651 08 Cash paid for furniture fixtures and safes for home and agency offices 8029 11 Cash paid for advertising 1395439 printing 19171 36 postage 572307 38848 82 Cash paid for legal expenses 23916 96 COMPTROLLERGENERALS REPORT 301 29 Cash paid for the following items viz Miscellaneous interest 244950 actuarial services 164694 collec tions and expenses 46344 investment expenses 602 14 taxes on personal property 66613 telegrams tel ephone and express 287981 home office lights 751 13 miscellaneous 284745 Total miscellaneous expenses 790039 95 12306 54 30 Total disbursements 1289690 84 IVASSETS AS TER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 381854 86 2 Loans on mortgage first liens on real estate 1602758 50 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 36400 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 142218 00 5 Premium notes loans or liens on policies in force 10844 92 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 2170446 86 7 Cash in companys office 109301 38 8 Cash deposited in banks 154500 50 9 Bills receivable 421 30 10 Ledger balances 1415 34 13 Total net or ledger assets 4610161 66 OTHER ASSETS 14 Interest due 10700 and accrued 24 57437 on mortgages 24681 37 15 Interest accrued on bonds and stocks 2319 99 16 Interest accrued on collateral loans 500 00 17 Interest accrued on premium notes loans or liens 361 33 19 Rents due on companys property or lease 1778 11 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 poli cies of this company reinsured 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 85382 27 70337 51 24 Gross deferred premiums on policies in force De cember 31 1904 74614 87 165313 69 29640 80 73214 26 308836 80 5000 00 Totals 159997 14 235651 20302 COMPTROLLERGENERALS REPORT 25 Deducting loading on new and renewals 135391 77 40246 Gl 26 Net amount of uncollected and deferred premiums 24605 37 195404 59 220009 96 28 Total assets as per the books of the company 5246863 48 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries and American tables of mortality with 4 and 3 per cent in terest 3905007 61 Deduct net value of risks of this company reinsured in other solvent companies 26414 00 Net reinsurance reserve 3878593 jl 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 51589 28 6 Claims for death losses and other policy claims resisted by the company 25220 00 7 Amounts due and unpaid on annuity claims 330 12 8 Present value of unpaid amounts on ma tured installment policies 31931 00 Total policy claims 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Pre miums paid in advance 5127379 49288 109070 40 3000 00 51706 67 17 Liabilities on policyholders account 4042430 68 18 Gross surplus on policyholders account 1204432 80 19 Total liabilities 5246863 48 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 140331 63 Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 837 1407565 36o MMMMM COMPTROLLERGENERALS REPORT 303 Number and amount of policies on the lives of citizens of Georgia issued during the year 153 206649 41 Total 990 1614214 77 Deduct number and amount which have ceased to be in force during the year 305 553175 42 Total number and amount of policies in force in Georgia December 31 1904 685 1061039 35 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 4 3844 00 Amount of losses and claims on policies in Georgia incurred during the year 11 19722 00 Total 15 23566 00 Amount of losses and claims on policies in Georgia paid during the year 12 20066 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 31685 50 NATIONAL LIFE INSURANCE COMPANY MONTPELIER VERMONT Joseph A DeBoer President Osman D Clark Secretary Principal Office 116 State Street Montpelier Vermont Geo M Hope Co Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous yearI 27039702 81 Extended at 27039702 81 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 776012 21 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 3807301 15 2Va Premium notes loans or liens taken in part payment for renewal premiums 346386 57 3 From dividends applied to pay running premiums see item 11 disbursements 157574 52 304 COMPTROLLERGENERALS REPORT 31 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 7781 10 4 From surrender values applied to pay running premiums see item 14 dis bursements 2127 59 5 Consideration for annuities other than matured installment policies 397225 52 7 Total premium income 5494408 66 8 Cash received for interest on mortgage loans 007299 28 9 Cash received for interest on bonds owned and divi dends on stock 420487 31 10 Cash received for interest on premium notes loans or liens 227889 85 11 Cash received for interest on other debts due the com pany 25844 75 12 Cash received as discount on claims paid in advance 879 52 13 Cash received for rents for use of companys property including 750000 for companys own occupancy 100687 67 Total income 6877497 04 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including revisionary addi tions 1072943 S3 2 Premium notes loans or liens used in payment of the same 19380 24 3 Cash paid for matured endowments and additions there to 461769 00 5 Cash paid for sums falling due during the year on in stallment policies 9400 77 7 Total net amount actually paid for losses and matured endowments 1563493 84 8 Cash paid to annuitants 126224 39 9 Premium notes loans or liens used in purchase of sur rendered policies 90315 08 Premium notes loans or liens used in payment of divi dends to policyholders 71 38 10 Cash dividends paid policyholders 33681 16 11 Cash dividends applied to pay running premiums see item 3 income 149793 42 12 Cash dividends applied to purchase paidup additions and annuities see item 3 income 7781 10 13 Surrender values paid in cash 439084 25 14 Surrender values applied to pay running premiums see item 4 income 2 127 59x S COMPTROLLERGENERALS REPORT 305 Total paid policyholders 2412572 21 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 43803925 renewals 29900947 annuities 1979979 756848 51 18 Cash paid for salaries and allowances to managers and agents 124287 62 19 Cash paid for medical examiners fees 6273525 in spection of risks 542983 68165 08 0 Cash paid for salaries and all other compensation of offi cers and other home office employees 125809 89 21 Cash paid for taxes on new premiums 1385421 on re newals 7744914 91303 35 22 Cash paid for taxes on reserves 1477107 on invest ments 25138 15022 45 23 Cash paid for insurance department fees and agents li censes 429637 municipal licenses 423910 8535 47 24 Cash paid for rent including 750000 companys occu pancy 24492 25 25 Cash paid for commuting commissions 25529 68 26 Cash paid for furniture fixtures and safes for home and agency offices 20354 27 27 Cash paid for advertising 3476508 printing and sta tionery 1752765 postage 1492908 67221 81 28 Cash paid for real estate expenses other than taxes 44 56453 for legal expenses 693624 51500 77 29 Cash paid for the following items viz Taxes on real estate 2199447 travel 751746 investment ex pense 304572 premiums on bonds 4780907 de preciation 7289108 153257 80 Total miscellaneous expenses 1532328 95 30 Total disbursements 3944901 16 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrancesJ 1215476 08 2 Loans on mortgages first liens on real estate 12153742 02 3 Loans secured by pledge of bonds stocks or other marketable collaterals 16500 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 3090557 21 5 Premium notes loans or liens on policies in force 1108070 21 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 11568174 28 20 in303 COMPTROLLERGENERALS REPORT 7 Cash in companys office 349 16 8 Cash deposited in banks 819649 25 11 Total net or ledger assets 29972518 21 12 Deduct agents credit balances net 219 52 13 Total net or ledger assets less deduction 29972298 69 OTHER ASSETS 14 Interest due 317475 and accrued 22003131 on mort gages claimed as an asset 223206 06 15 Interest accrued on bonds and stocks 163257 56 16 Interest accrued on collateral loans 845 67 17 Interest due 1101811 and accrued 11918807 on pre mium notes loans or liens 130206 18 18 Interest accrued on other assets 918 00 Dividends accrued on bank stocks 68 00 19 Rents accrued on companys property or lease 5577 04 21 Market value of bonds and stocks over cost 259706 72 23 Gross premiums due and New Business Renewal unreported on policies in force December 31 1903 125827 04 235379 36 24 Gross deferred premiums on policies in force De cember 31 1904 71939 16 367952 83 Totals 197766 20 603332 18 Deducting loading 57 per cent on new and 7 per cent on renewals 112726 34 42233 25 26 Net amount of uncollected and deferred premiums 85039 86 561098 93 646138 79 28 Total assets as per the books of the company 31402222 71 VLIABILITIES L Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to the actuaries table of mortality with 4 per cent in terest 27373496 86 4 Claims for matured endowments due and unpaid 1150 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 25192 69 6 Claims for death losses and other policy claims resisted by the company 2000 00COMPTROLLERGENERALS REPORT 307 7 Amounts due and unpaid on annuity claims 5029 81 8 Present value of unpaid amounts on ma tured installment policies face 81 96696 68610 89 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders Surrender values claimable on policies surrendered 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 1320264 extra life rate en dowment reserve 28270531 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 99981 9 14771 76 13598 55 141128 11 295907 95 27938886 72 3463335 99 19 Total liabilities 31402222 71 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 1958096 41 21 Estimated surplus accrued on all other policies 1505239 58 Business in Georgia during 190t No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 417 Number and amount of policies on the lives of citizens of Georgia issued during the year 431 Total848 Deduct number and amount which have ceased to be in force during the year I92 Total number and amount of policies in force in Georgia December 31 1904 656 Amount 855080 00 857099 02 1712179 02 416000 00 1296179 02 Amount of losses and claims on policies in Georgia incurred during the year 3 6000 00 Amount of premiums collected or secured in Georgia during the year in cash 3794497 notes or credits 7363 with out any deduction for losses dividends commissions or other expenses 38018 60 mm mia Hi 308 COMPTROLLERGENERALS REPORT NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY BOSTON MASSACHUSETTS Benjamin F Stevens President S F Trull Secretary Principal Office 87 Milk Street Boston Mass Thomas B Lumpkin Savannah Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 33547470 43 Extended at 33547470 43 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 706081 59 1 Cash received for renewal premiums without deductions for commissions or other expenses 4076299 21 2o Premium notes loans or liens taken in part payment for renewal premiums 3 From distributions applied to pay run ning premiums see item 11 disburse ments 3 From distributions applied to purchase paidup additions see item 12 dis bursements 414 From surrender values applied to pur chase paidup insurance see item 15 disbursements 10795 33 458654 76 58320 80 29075 52 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany collateral loans and bank interest 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property including 32163 for companys own occupancy 17 Premium notes loans or liens restored by revival of poli cies 5339227 21 418892 82 782499 00 162308 89 75583 59 1888 51 190535 94 1670 38 COMPTROLLERGENERALS REPORT 309 18 Consideration for supplementary contracts not involving life contingencies 67808 00 19 From all other sources viz Balance of profit and loss account 8426 81 Total income 7048841 15 IIIDISBURSEMENTS DUKING YEAB 1904 1 Cash paid for death claims including revisionary addi ditions 1993259 26 2 Premium notes loans or liens used in payment of the same 69927 54 3 Cash paid for matured endowments and additions there to 257947 75 4 Premium notes loans or liens used in the payment of same 28922 25 5 Gash paid for sums falling due during the year on in stallment policies 16144 00 7 Total net amount actually paid for losses and matured endowments 2360200 80 9 Premium notes loans or liens used in purchase of sur rendered policies 663618 voided by lapse 570447 policy loans 190637 14247 02 y2 Premium notes loans or liens used in payment of dis tributions to policyholders 722 75 10 Cash distributions paid policyholders 61724 72 11 Cash distributions applied to pay running premiums see item 3 income 458654 76 12 Cash distributions applied to purchase paidup additions see item 3 income 58320 80 13 Surrender values paid in cash 472154 39 15 Surrender values applied to purchase paidup insurance see item 4 income 29075 52 Total paid policyholders 3461100 76 17 Cash paid for commissions and bonuses to agents new policies 36408528 renewals 24907171 613156 99 18 Cash paid for salaries and allowances to managers and agents 74958 46 19 Cash paid for medical examiners fees 5665946 in spection of risks 302438 59683 84 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 181907 99 21 Cash paid for taxes on premiums 50697 81 22 Cash paid for taxes on reserves 3015302 on invest ments 3777525 67928 27 23 Cash paid for insurance department fees and agents li censes 739646 municipal licenses 413405 11530 51 24 Cash paid for rent including 32163 companys occu pancy 55589 2131o COMPTROLLERGENERALS REPORT 25 Cash paid for commuting commissions 2417 80 26 Cash paid for furniture fixtures and safes for home and agency offices 11637 71 27 Cash paid for advertising 2727009 printing 2904959 56319 68 28 Cash paid for real estate expenses other than taxes 80 74936 for legal expenses 148434 82233 70 29 Cash paid for the following items viz Telegraph and telephone service light express exchange and all other general items and incidentals at home office and agencies 32151 65 Total miscellaneous expenses 1300213 62 30 Total disbursements 4761314 38 V ASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2438314 00 2 Loans on mortgages first liens on real estate 1062825 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 1362040 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 2467797 62 5 Premium notes loans or liens on policies in force of which 1246571 was re ceived during the year 169691 43 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 18484381 00 8 Cash deposited in banks 449948 15 13 Total net or ledger assets 35834997 20 OTHER ASSETS 14 Interest due 49625 and accrued 8765150 on mort gages 88147 75 15 Interest accrued on bonds and stocks 54078 33 16 Interest accrued on collateral loans 7877 55 17 Interest due 242458 and accrued 3801151 on pre mium notes loans or liens 40436 09 18 Interest accrued on other assets 370 47 19 Rents due 1045 and accrued 13753 on companys property or lease 14798 00 21 Market value of bonds and stocks over cost 1606927 00 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 3855 19 213299 63HHHI COMPTROLLERGENERALS REPORT 811 24 Gross deferred premiums on policies in force De cember 31 1904 89567 00 510958 10 Totals 143422 19 724257 73 25 Deducting loading 22 per cent on new and 22 per cent on renewals 31552 88 159336 70 26 Net amount of uncollected and deferred premiums 111869 31 564921 03 676790 34 28 Total assets as per the books of the company 38324422 73 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to the actuaries table of mortality with 4 per cent interest and American Experience 3 per cent inter 33697929 75 est 3 Claims for death losses due and unpaid 43352 00 4 Claims for matured endowments due and unpaid I585600 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 105160 00 6 Claims for death losses and other policy claims resisted by the company 11500 00 7 Death losses reported and no proofs re ceived 8907700 8 Present value of unpaid amounts on ma tured installment policies 109437 94 Total policy claims 374382 94 10 Amount of all unpaid distributions of surplus or other description of profits due policyholders 263123 90 16 Amount of any other liability of the company viz Pre miums paid in advance 3859 sy 17 Liabilities on policyholders account KtllTol 18 Gross surplus on policyholders account 3b8blZb zt 19 Total liabilities38324422 73 Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 460 850813 ou g12 COMPTROLLERGENERALS REPORT Number and amount of policies on the lives of citizens of Georgia issued during the year 446 819763 00 Total906 1670576 00 Deduct number and amount which have ceased to be in force during the year 97 165673 00 Total number and amount of policies in force in Georgia December 31 1904 809 1504903 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 296 00 Amount oi losses and claims on policies in Georgia incurred during the year 6 26000 00 Amount of losses and claims on policies in Georgia paid during the year 7 26296 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divir dends commissions or other expenses 49147 15 NEW YORK LIFE INSURANCE COMPANY NEW YORK N Y John Chapman McCall John A McCall President gEYMouR M Ballard j Secretaries Home Office 346 Broadway New York City Livingston Mims Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of ledger assets as per balance December 31 of previous year344298648 59 Extended at 344298648 59 IIINCOME 1 First years premiums on original poli cies without deduction for commissions or other expenses less 3259649 for first years reinsurance 14048536 60 4 Dividends applied to purchase paidup additions and annuities 511740 43 6 Consideration for original annuities in volving life contingencies 1525782 28 7 Consideration for supplementary con tracts involving life contingencies 47763 95 8 Total new premiums 16133823 26 COMPTROLLERGENERALS REPORT 318 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commission or other expenses less 18331933 for reinsurance on renewals 63750386 33 10 Dividends applied to pay renewal pre miums 624103 61 11 Surrender values applied to pay renewal premiums 10900 46 12 Renewal premiums for deferred annuities 37363 94 13 Total renewal premiums 64422754 34 14 Total premium income 80556577 60 15 Consideration for supplementary contracts not involving life contingencies 538945 14 17 Premium notes loans or liens restored by revival of poli cies 5045 41 18 Interest on mortgage loans 1069231 72 19 Interest on collateral loans 228334 68 20 Interest on bonds 10634986 99 21 Interest on premium notes policy loans or liens 1938017 65 22 Interest on other debts due the company 460529 92 23 Discount on claims paid in advance 13192 95 24 Rent from companys property including 19979531 for companys own occu pancy 946722 63 25 Total interest and rents 15291016 54 26 Profit on sale or maturity of ledger assets 499687 63 28 Total income 96891272 32 IIIDISBURSEMENTS 1 For death claims less 67844960 rein surance 1889728788 additions 83695704 19734244 92 2 For matured endowments less 35000 reinsurance 495435981 additions 9726908 5051628 89 3 Net amount paid for losses and matured endowments 24785873 81 4 For annuities involving life contingencies 1723160 22 6 Surrender values paid in cash 7779157 68 7 Surrender values applied to pay renewal premiums see income No 11 10900 46 9 Dividends paid to policyholders in cash 4853646 96 10 Dividends applied to pay renewal premiums see income No 10 624103 61314 COMPTROLLERGENERALS REPORT 11 Dividends applied to purchase paidup additions and an nuities see income No 4 12 Total paid policyholdersI 40288583 12 13 Paid for claims on supplementary contracts not involv ing life contingencies 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 727685327 re newal premiums 205143252 on annuities origi nal 3536486 16 Commuting renewal commissions 17 Salaries and allowances for agencies including man agers agents and clerks 18 Agency supervision traveling and all ether agency ex penses 19 Medical examiners fees 78876106 inspection of risks 17815501 20 Salaries and all other compensation of officers and home office employees 21 Rent including 19979531 for companys own occupancy 22 Advertising 14440347 printing and stationery 420 39883 postage 28648238 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 Telegrams cables telephones 2761309 committee fees surety bonds brokerage appraisals and sundry items 12303512 freight and express restaurant bureau cards binding books pa pers and newspaper clippings 4494516 examination expenses of New York State Department 1228320 miscellaneous items 3521294 total 511740 43 95278 68 9363650 65 727282 50 2844724 46 1058590 97 966916 07 900475 90 725100 76 851284 68 172698 42 201357 07 906189 15 2132H 71 273305 32 243089 51 30 Total disbursements I 59831728 97 IVLEDGEB ASSETS 1 Book value of real estate unincumbered 13257500 00 2 Mortgage loans on real estate first liens 23595105 00 3 Loans secured by pledge of bonds 550000 00 4 Loans made to policyholders on this companys policies assigned as collateralj 35807475 61 5 Premium notes on policies in force 3331617 71 C Book value of bonds excluding interest company does not own stocks 287062384 31 7 Deposited in trust companies and banks on interest 15241793 49 8 Cash in companys office 23254503 deposited in banks not on interest 221977079 2452315 82 10 Total ledger assets 381358191 94 COMPTROLLERGENERALS REPORT 815 NONLEDGER ASSETS 11 Interest due 1653849 and accrued 14265781 on mortgages 159196 30 12 Interest accrued on bonds 2075586 03 13 Interest accrued on collateral loans 666 67 14 Interest accrued on premium notes pol icy loans or liens 156709 00 15 Interest accrued on other assets 44654 99 16 Rents due 1568469 and accrued 17 07308 on companys property or lease 32757 77 17 Total interest and rents due and accrued 2469570 76 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 3543647 00 Gross deferred premiums on policies in force De cember 31 1904 732690 00 4539789 00 22 23 Totals 24 Deduct loading 22 per cent 732690 00 8083436 00 164855 25 1818773 10 25 Net amount of uncollected and deferred premiums 567834 75 6204662 90 6832497 65 27 Gross assets 390660260 35 VLIABILITIES Net present value of all the outstanding policies paid for in force on the 31st day of December 1904 as computed by the insurance department of the State of New York on the actuaries and American tables of mortality with 3 and 4 per cent interest as follows Policies known as the companys 3 per cent policies and all policies issued since December 31 1900 being valued as per the American Experience table of mortality with 3 per cent interest and all other policies being valued as per the combined experience table of mortality with 4 per cent interest316560430 00 Same for reversionary additions 3024374 00 Same for annuities including those in reduction of premium 16828075 00 Total336412879 00316 COMPTROLLERGENERALS REPORT Deduct net value of risks of this com pany reinsured in other solvent com panies 190420 00 Net reserve 336222459 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 1518462 83 3 Liability on policies cancelled and not included in item 1 upon which a surrender value may be demanded 88865 01 5 Claims for death losses in process of ad justment or adjusted and not due 515073 61 6 Claims for death losses which have been reported and no proofs received 2203437 78 7 Claims for matured endowments due and unpaid not presented 349700 38 8 Claims for death losses and other policy claims resisted by the company 84106 00 9 Due and unpaid on annuity claims in volving life contingencies not pre sented 142138 91 10 Total policy claims 3294456 68 11 Due and unpaid on supplementary contracts not involv ing life contingencies 1081 76 12 Premiums paid in advance including surrender values so applied 87776449 interest paid in advance on policy loans 70840000 1586164 49 13 Commissions due to agents on premium notes when paid 41459 40 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 379671 65 22 Other liabilities Additional reserve on policies which the company voluntarily sets aside in excess of the States requirements 683002300 reserve to provide dividends payable to policyholders in 1905 and there after as the periods mature to holders of 20year pe riod policies and longer 2494278706 to holders of 15year period policies 573625946 to holders of 10 year period policies 34460056 to holders of 5year period policies 30383747 to holders of annual divi dend policies 86895300 reserves to provide for all other contingencies 846167898 total 47528139 53 25 Total liabilities 390660260 35COMPTROLLERGENERALS REPORT 37 Business in Georgia during 190j No Amount Policies on the lives of citizens of said State in force December 31 of previous year10877 21855559 00 Policies on the lives of citizens of said State issued during the year 1652 2906111 00 Total12529 24761670 00 Deduct ceased to be in force during the year 1205 2815725 00 Policies in force December 31 190411324 21945945 00 Losses and claims unpaid December 31 of previous year 18 29654 07 Losses and claims incurred during the year 178 865773 79 Total 196 895427 86 Losses and claims settled during the year in cash 186 872425 86 Losses and claims unpaid December 31 1904 10 23002 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 782802 58 THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY MIL WAUKEE WIS H L Palmeb President J W Skinner Secretary Home Office cor Broadway and Michigan Streets Milwaukee ICAPITAL STOCK Amount of ledger assets as per bal ance December 31 of previous year 173357567 04 Extended at 173357567 04 IIINCOME 1 First years premiums on original policies without deduction for commissions or other expenses 3133647 86 3 Total first years premiums on original policies 3133647 86 4 Dividends applied to purchase paidup ad ditions and annuities 779300 95gl8 COMPTROLLERGENERALS REPORT 6 Consideration for original annuities in volving life contingencies 41353 15 7 Consideration for supplementary contracts involving life contingencies 1063 69 8 Total new premiums 3955365 65 9 Renewal premiums in addition to items 10 and 12 without deduction for com missions or other expenses 21711898 66 19 Dividends applied to pay renewal pre miums 2371115 65 12 Renewal premiums for deferred annuities 2359 69 13 Total renewal premiums 24085374 00 14 Total premium income 28040739 65 15 Consideration for supplementary contracts not involving life contingencies 255599 00 17 Premium notes loans or liens restored by revival of pol icies 270288 18 Interest on mortgage loans 4070175 14 20 Interest on bonds 2817718 63 21 Interest on premium notes policy loans or liens 787749 4 22 Interest on other debts due the company 266392 47 23 Discount on claims paid in advance only endowments discounted iZZ2 47 24 Rent from companys property including 4104230 for companys own occupancy 387442 77 25 Total interest and rents 8333810 52 26 Profit on sale or maturity of ledger assets 20242 36 27 From other sources Old debts paid 10800 adjustment of real estate values 5794716 58055 16 28 Total income 36711149 57 IIIDISBURSEMENTS 1 For death claims 679325077 additions 19207526 6985326 03 2 For matured endowments 123474917 additions 54 32863 1289077 80 3 Net amount paid for losses and matured endowments 8274403 83 4 For annuities involving life contingencies 50896 88 5 Premium notes voided by lapse 9191 78 6 Surrender values paid in cash 3015268 39 9 Dividends paid to policyholders in cash 2190065 93 10 Dividends applied to pay renewal premiums see income No 10 2371115 65COMPTROLLERGENERALS REPORT 319 11 Dividends applied to purchase paidup additions and an nuities see income No 4 12 Total paid policyholders 16690243 41 13 Paid for claims on supplementary contracts not involv ing life contingencies 15 Commissions first years premiums 132598762 renew al premiums 176766995 on annuities original 5495 renewal 33366 18 Traveling and all other agency expenses 19 Medical examiners fees 16524311 inspection of risks 2224110 20 Salaries of officers and home office employees 21 Rent companys own occupancy 22 Advertising 678369 printing and stationery 48558 69 postage 8717033 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 15163798 traveling expenses 24585 taxation expenses 1718 13 loss expenses 140451 expense of trustees and executive committee 3220943 exchange 884563 freight and express 948911 expense of examina tions by insurance commissioners 552025 779300 95 3140 41 3094046 18 12246 33 187484 21 513277 72 41042 30 142512 71 24395 68 5991 43 620896 52 79757 56 182078 62 211070 89 30 Total disbursements 21903183 97 IVLEDCEB ASSETS 1 Book value of real estate unincumbered 3374607 53 2 Mortgage loans on real estate first liens 93386076 20 4 Loans made to policyholders on this companys policies assigned as collat eral 16555450 00 5 Premium notes on policies in force 313740 46 6 Book value of bonds excluding interest 70930530 58 7 Deposited in banks on interest 3314581 07 8 Cash in companys office 27145578 de posited in banks not on interest 2 00000 273455 78 9 Agents balances 17091 02 10 Total ledger assets188165532 64 NONLEDGER ASSETS 11 Interest due 5541183 and accrued 1 21894497 on mortgages 1274356 80 12 Interest due and accrued on bonds 1060056 00 320 COMPTROLLERGENERALS REPORT 14 Interest due 9874351 and accrued 450 56893 on premium notes policy loans or liens 149312 44 16 Rents due 36351 and accrued 25993 65 on companys property or lease 26357 16 17 Total interest and rents due and accrued 2910082 40 19 Market value not including interest in item 12 of bonds over book value 21 Gross premiums due and unreported on policies in force December 31 1904 22 Gross deferred premiums on policies in force De cember 31 1904 712819 35 New Business Renewals 27767 00 866388 16 214415 00 1463340 00 23 Totals 242182 00 2329728 16 24 Deduct loading 22 per cent 53280 04 512540 20 25 Net amount of uncollected and deferred premiums 188901 96 1817187 96 2006089 92 27 Gross assets193794524 31 DEDUCT ASSETS NOT ADMITTED 30 Agents debit balances 17091 02 36 Total admitted assets 193777433 29 VLIABILITIES 1 Net present value of all the oustanding policies in fores on the 31st day of December 1904 as computed by the company on the actuaries and American tables of mortality with 4 and 3 per cent interest respectively154166451 00 Same for revisionary additions 4141056 00 Same for annuities including those in reduction of pre miums 519127 00 Total reserve158826634 00 2 Present value of amounts not yet due on supplemer contracts not involving life contingencies computed by the company 788354 00 4 Claims for death losses due and unpaid 65795 36 5 Claims for death losses in process of ad justment or adjusted and not due 258432 64 6 Claims for death losses which have been reported and no proofs received 139339 16 7 Claims for matured endowments due and unpaid 68843 83COMPTROLLERGENERALS REPORT 821 8 Claims for death losses and other policy claims resisted by the company 49492 00 3 Due and unpaid on annuity claims in volving life contingencies 1773 98 10 Total policy claims 583676 97 11 Due and unpaid on supplementary contracts not involv ing life contingencies 221 m 12 Premiums paid in advance including surrender values so applied 3i91772 15 Bills accounts commissions medical fees due or ac crued 7523072 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 406937 12 20 Dividends apportioned payable to policyholders during 1905 292118103 Tontine surplus payable to policyholders subsequent to 1905 as the periods of participation mature 22859507 97 24 Unassigned funds surplus 7276778 76 25 Total liabilities193777433 29 Business in Georgia during HWi No Amount Policies on the lives of citizens of said State in force December 31 of previous year 6199 13037280 00 Policies on the lives of citizens of said State report 610 1292998 00 ed during the yea J 6809 14330278 00 Total Deduct ceased to be in force during the year includ ing removals from the State i02 o4olo Policies in force December 31 6507 13787103 00 Losses and claims unpaid December 31 of previous 3 8008 00 claims incurred during the year 53 170751 56 178759 CO s and claims settled during the year iw Losses and claims unpaid December 31 1 320 00 Premiums collected or secured in rash and notes or credits not including premiums paid by nonresidents without any deduction for losses dividends commissions or other expenses 21 inYv SVjfiiiiti Wf i WfiirW BVPQ 322 COMPTROLLERGENERALS REPORT PACIFIC MUTUAL LIFE INSURANCE COMPANY SAN FRANCISCO CALIFORNIA Geo A Moore President S M Marks Secretary Home Office 508 Montgomery St San Francisco Cal ICAPITAL STOCK 1 Amount of capital stock paid up in cash 500000 00 Amount of ledger assets as per balance December 31 of previous year 5716109 73 Extended at 5716109 93 SIINCOME First years premiums on original policies without deduction for commissions or other expenses less 135610 for first years reinsurance Surrender values applied to pay first years premiums 551018 78 428 37 3 Total first years premiums on original policies 4 Dividends applied to purchase paidup additions and annuities 100597 98 5 Surrender values applied to purchase paidup insurance and annuities 9235 04 6 Consideration for original annuities in volving life contingencies 16767 00 551447 15 8 Total new premiums 9 Renewal premiums in addition to items 10 and 11 without deduction for com missions or other expenses less 19 70079 for reinsurance or renewals 1386146 08 10 Dividends applied to pay renewal premi ums 43884 67 Surrender values applied to pay renewal premiums 8764 61 678047 17 13 Total renewal premiums 1438795 36 14 Total premium income 2116842 53 18 Interest on mortgage loans 65972 97 19 Interest on collateral loans 19298 48 20 Interest on bonds and dividends on stocks 161536 00 21 Interest on premium notes policy loans or liens 23479 00 COMPTROLLERGENERALS REPORT 323 22 Interest on other debts due the company 26886 42 24 Rent from companys property including 16800 for companys own ocupancy 21745 48 25 Total interest and rents 318918 35 26 Profit on sale or maturity of ledger assets 1008 75 27 From other sources 536546 90 28 Total income 297331 IIIDISBURSEMENTS 1 For death claims less 520500 rein surance 37371518 additions 9 19000 382905 18 2 For matured endowments 2890000 ad ditions 533100 34231 00 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 6 Surrender values paid in cash 7 Surrender values applied to pay new premiums see in come No 2 42837 to pay renewal premiums see income No 11 876461 8 Surrender values applied to purchase paidup insurance and annuities see income No 5 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums see income No 10 11 Dividends applied to purchase paidup additions and an nuities see income No 4 12 Total paid policyholders 659974 52 14 Paid stockholders for interest or dividends 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 40346377 re newal premiums 9941943 on annuities original 68200 17 Salaries and allowances for agencies including man agers agents and clerks 18 Agency supervision traveling and all other agency ex penses 19 Medical examiners fees 4798666 inspection of risks 258256 20 Salaries and all other compensation of officers and home office employees 21 Rent including 1320000 for companys own occupancy 22 Advertising 344918 printing and stationery 26456 12 postage 584914 23 Legal expenses 25 Insurance taxes licenses and department fees 417136 18 9070 77 59241 57 9192 98 9235 04 11615 33 43884 67 100597 98 35000 00 503565 20 49424 73 7619 32 50569 22 92995 37 15604 03 35754 44 7006 64 24787 89 M HHnHi 824 COMPTROLLERGENERALS REPORT t 5762 8G 20 Taxes on real estate 27 Repairs and expenses other than taxes on real estate 9411 US 29 All other disbursements Expressage exchange tele grams telephones and general expense 2123851 loss and gain including agents balances marked off 2339130 total disbursements of accident depart i 1 no 554234 S3 ment o09b0ot2 30 Total disbursements 2051710 13 IVLEUUEH ASSETS 1 Book value of real estate unincumbered 481976 53 2 Mortgage loans on real estate first liens 1312398 59 3 Loans secured by pledge of bonds stocks or other collat eral 500900 00 4 Loans made to policyholders on this companys poli cies asigned as collateral 35i 5 Premium notes on policies in force 52454 33 G Book value of bonds excluding interest 361904905 stocks 23679123 3855840 28 7 Deposited in trust companies and banks on interest 8 Cash in companys office 722881 deposited in banks not on interest 14783305 less reinsurance reserve held for account of other companies 4365013 111411 73 Agents balances 63 Furniture and fixtures 442 Total ledger assets 6637716 13 wl KDUEK ASSETS 11 Interest due 160080 and ccrued 13 37363 on mortgages 14974 43 12 Interest accrued on bonds and stocks 57620 96 st due i id accrued 1526 ollateral loans 2501 77 p297722 ind accrued 3613 47 aim totes policy loans or liens 6590 69 res accrued on oth 2887 50 le 225 00 17 Total interest and rents lue and accrued 500 35 li ilue not including interest in item 121 of bonds and stocks over booh value 052 72 21 Gross premiums due and New Bunpgs Renewals unn n policies in fore December 31 1904 109647 177656 COMPTROLLERGENERALS REPORT 325 22 Gross deferred premiums on policies in force De cember 31 1904 61867 02 117002 23 23 Totals 171514 17 294653 86 24 Deduct lpading 20 per cent 34302 83 58931 77 25 Net amount of uncollected and deferred premiums 137211 34 235727 09 26 All other assets Printed supplies 600000 separate nonledger assets of accident department 17603047 372938 41 182030 47 27 Gross assets 7413538 10 DEDUCT ASSETS NOT ADMITTED 29 Supplies stationery printed matter 6 00000 furniture fixtures and safes 2730442 33304 42 30 Agents debit balances 390 63 35 Total 36 Total admitted assets Business in Georgia tJiiring 1904 33695 05 7379843 05 No Policies on lives of citizens of said State in force December 31 of previous year 355 Policies on the lives of citizens of said State issued during the year 279 Amount 581613 00 406470 00 Total 634 988083 0 Deduct ceased to be in force during the year 109 134080 02 Policies in force December 31 525 Losses and claims unpaid December 31 of previous 854003 00 year 1 Losses and claims incurred during the year 2000 00 8080 00 Total Losses and claims settled during the year Losses and claims unpaid December 31 2 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 10080 00 6080 00 4000 00 29931 07326 COMPTROLLERGENERALS REPORT THE PRUDENTIAL INSURANCE CO OF AMERICA NEWARK N J John F Dryden President Edward Gray Secretary Home Office 761 to 769 Broad Street Newark N J ICAPITAL STOCK 1 Amount of capital paid up in cash 2000000 00 Amount of ledger assets as per bal ance December 31st of previous year 68968499 60 Extended at 68968499 60 IIINCOME 1 First years premiums on original policies without deduc tion for commissions or other expenses less 4882573 for first years reinsurance 7464573 22 2 Surrender values applied to pay first years premiums 854 73 3 Total first years premiums on original policies 7465427 95 4 Dividends applied to purchase paidup ad ditions and annuities 5 Surrender values applied to purchase paidup insurance and annuities 6 Consideration for original annuities in volving life contingencies 7 Consideration for supplementary con tracts involving life contingencies 29440 37 876406 30 100704 67 3778 10 0 11 Total new premiums Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 10566078 for reinsurance on renewals Dividends applied to pay renewal premi ums Surrender values applied to pay renewal 8475757 39 32605035 00 71227 04 premiums 12 Renewal premiums for deferred annuities 1754 95 1922 95 13 Total renewal premiums 32679939 94 14 Total premium income 41155697 33 15 Consideration for supplementary contracts not involving life contingencies98144 49 17 Premium notes loans or liens restored by revival policies 24312 72 COMPTROLLERGENERALS REPORT 327 18 Interest on mortgage loans 652156 25 19 Interest on collateral loans 287002 16 20 Interest on bonds and dividends on stocks 1444285 33 21 Interest on premium notes policy loans or liens 124852 15 22 Interest on other debts due the company and on bank balances 169418 36 24 Rent from companys property including 39950140 for companys own occu pancy 769897 52 25 Total interest and rents 3447611 77 26 Profit on sale or maturity of ledger assets 2792 03 27 From other sources Conscience fund 550 00 28 Total income 44729108 34 IIIDISBURSEMENTS 1 For death claims less 6200000 reinsurance 11104 79497 additions 15371068 11258505 65 2 For matured endowments 4911536 additions 5200 49167 36 3 Net amount paid for losses and matured endowments 11307673 01 4 For annuities involving life contingencies 47650 61 6 Surrender values paid in cash 375470 10 7 Surrender values applied to pay new premiums see in come No 2 85473 to pay renewal premiums see income No 11 175495 2609 68 8 Surrender values applied to purchase paidup insurance and annuities see income No 5 876406 30 9 Dividends paid to policyholders in cash 784921 66 10 Dividends applied to pay renewal premiums see income No 10 7122704 11 Dividends applied to purchase paidup additions and an nuities see income No 4 29440 37 12 Total paid policyholders 13495398 77 13 Paid for claims on supplementary contracts not involv ing life contingencies 13507 23 14 Paid stockholders for interest or dividends 200000 00 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 388996129 re newal premiums 391752313 on annuities original 486255 renewal 6420 7812411 17 16 Commuting renewal commissions 17263 81 17 Salaries and allowances for agencies including man agers agents and clerks 2857885 60 18 Agency supervision traveling and all other agency ex 302675 40 penses mmam rvvn g2g COMPTROLLERGENERALS REPORT 1 Medical examiners fees 59637980 inspection o risks 2045622 61683C 2 20 Salaries and all other compensation of officers and home office employees 1358854 SS 21 Rent including 39950140 for companys own occupen cy less 149256 received under sublease 676587 93 22 Advertising 21923286 printing and stationery 310 958 29 postage exchange and express 11014104 640332 19 97836 61 23 Legal expenses 070419 24 Furniture fixtures and safes 25 Insurance taxes licenses and department fees 6661 9 U 26 Taxes on real estate ItI II 27 Repairs and expenses other than taxes on real estate 26o86 09 28 Loss on sale or maturity of ledger assets 6349 06 29 All other disbursements Law libraries 53580 apprais ing fees 37475 sundry general expenses 242615 96 readjustment of real estate values 41422721 657753 72 30 Total disbursements 29893541 33 IV i I 1 1 8 ASSETS 1 Book value of real estate unincumbered 12494957 86 2 Mortgage loans on real estate first liens 15682358 73 3 Loans secured by pledge of bonds stocks or other col lateral 5665100 00 4 Loans made to policyholders on this companys policies assigned as collateral 1993878 53 5 Premium notes on policies in force 434071 u9 6 Book value of bonds excluding interest 3784233044 stocks 285524000 40697570 44 7 Deposited in trust companies and banks on interest 6154811 2o 8 Cash in companys office 12733494 deposited in banks not on interest 55053690 677871 84 9 Bills receivable 44G 37 10 Total ledger assets 83804066 61 NONLEDGER ASSETS 11 Interest due 31793so and accrued 28931646 on mortgages 321110 26 12 Interest acrued on bonds and stocks 282393 36 13 Interest accrued on collateral loans 17861 55 14 Interest accrued on premium notes policy loans or liens 1 s O 15 Interest due on other assets 1291 12 16 Rents due 483441 and acrcued 12 48011 on companys property or lease 17314 52 17 Total interest and rents due and accrued 641775 85COMPTROLLERGENERALS REPORT 329 19 Market value not including interest in item 12 of bonds and stocks over book value 1430997 43 29 Due from other companies for losses or claims on poli cies of this company reinsured 52G 37 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 industrial 2975 09 385730 81 Ordinary 64564 40 623760 86 22 Gross deferred premiums on policies in force De cember 31 1904 ordinary 489157 IS 1877119 82 23 Totals industrial 2975 09 385730 81 Ordinary 55372158 2500880 68 24 Deduct loading industrial 50 per cent 1487 54 192865 40 Ordinary 20 per cent 110744 31 500176 14 25 Net amount of uncollected and deferred premiums industrial 1487 55 192S65 41 Ordinary 442977 27 2000704 54 2638034 77 26 All other assets Furniture fixtures and safes 50000 stationery and printed matter 1000000 law libra ries 681514 88582216 17 27 Gross assets DEDUCT ASSETS NOT ADMITTED 29 Supplies stationery printed matter 10 00000 furniture fixtures and safes 5000000 law libraries 681514 66815 14 32 Bills receivable 3446 37 35 Total 36 Total admitted assets VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the com pany according to the actuaries table of mortality with 4 per cent interest on policies issued prior to January 1 1901 and the American experience table of 66815 14 70261 51 511954 66 i mm 380 COMPTROLLERGENERALS REPORT mortality with 3 per cent interest on policies isued subsequent to December 3t 1900 69638009 00 Same for reversionary additions 121406 00 Same for annuities including those in reduction of premiums according to the actuaries table of mortality with 4 per cent interest on annuities issued prior to January 1 1901 and the Amer ican experience table of mortality with 3 per cent interest on annuities issued subsequent to December 31 1900 560489 00 Special reserve 3711122 00 Total 74031026 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 286986 00 Net reserve 73744040 00 2 Present value of amounts net yet due on supplementary contracts not involving life contingencies computed 1 by the assumption of interest rates as follows On pol icies issued prior to 1901 4 per cent on income poli cies 3Vo per cent on all other policies 3 per cent 206306 97 3 Liability on policies cancelled and not included in item 1 upon which a surrender value may be demanded 173416 00 5 Claims for death losses in process of ad justment or adjusted and not due 180327 16 6 Claims for death losses which have been reported and no proofs received 189896 46 7 Claims for matured endowments due and unpaid 2590 00 8 Claims for death losses and other policy claims resisted by the company 60176 00 9 Due and unpaid on annuity claims in volving life contingencies 215 00 10 Total policy claims 433204 62 12 Premiums paid in advance including surrender values so applied 327792 64 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees dne or ac crued 155784 88 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 70879 77 20 Dividends apportioned payable to policyholders during 1905 16803 18COMPTROLLERGENERALS REPORT 381 22 Other liabilities Unearned interest on policy loans 62 84360 rents paid in advance 43438 63277 98 23 Capital stock 2000000 00 24 Unassigned funds surplus 11320448 62 25 Total liabilities I 88511954 66 Business in the State of Georgia during the year No Amount Policies on the lives of citizens of said State in force December 31st of previous year 3282 6642309 00 Policies on the lives of citizens of said State issued during the year 580 3007845 00 Total4862 9710154 00 Deduct ceased to be in force during the year 491 876362 00 Policies in force December 31st 4371 8833792 00 Losses and claims unpaid December 31st of pre 1 3000 00 vious year x Losses and claims incurred during the year 16 58333 84 Total 17 6133384 Losses and claims settled during the year in cash 15 59333 84 Losses and claims unpaid December 31st 2 2000 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 322287 45 PENN MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PA Harry F West President William H Kingsley SecretaryTreasurer Home Office 921 923 925 Chestnut Street Philadelphia Pa Henry C Bagley Atlanta Attorney for Service in Georgia ICAPITAL stock Amount of ledger assets as per balance December 31 of previous year 58731376 61 Decrease of capital during the year be ing bond premiums charged off and deductions from real estate valuations 90343 91 Extended at 58641032 70332 COMPTROLLERGENERALS REPORT IIINCO 1 First years premiums on original poli cies without deduction tor commissions or other expenses less 2109917 for first years reinsurance 2115401 69 2 Surrender values applied to pay first years premiums 4202 2o 3 Total first years premiums on original policies 2119663 94 4 Dividends applied to purchase paidup additions and annuities 102278 00 5 Surrender values applied to purchase paidup insurance and annuities 176050 00 C Consideration for original annuities in volving life contingencies 433654 04 7 Consideration for supplementary con tracts inyolving life contingencies 8545 73 8 Total new premiums 2860191 71 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 4015767 for reinsurance on renewals 9704932 43 10 Dividends applied to pay renewal premi ums 725731 52 11 Surrender values applied to pay renewal premiums 25239 03 12 Renewal premiums for deferred annuities 2489 53 13 Total renewal premiums 10458392 51 14 Total premium income 13318584 22 15 Consideration for supplementary contracts not Involving life contingencies 352262 9S 17 Premium notes loans or liens restored by revival of poli cies 8775 03 18 Interest on mortgage loans 1168603 45 19 Interest on collateral loans 178812 83 20 Interest on bonds and dividends on stock 1030504 60 21 Interest on premiums notes policy loans or liens 4009S2 32 22 Interest on other debts due the company 25913 68 24 Rent from companys property 200718 56 25 Total interest and rents 3005535 14 26 Profit on sale or maturity of ledger assets 71238 34COMPTROLLERGENERALS REPORT 333 27 From other sources Loan previously charged off 1 15921 bonuses on mortgages etc 1794636 19105 57 28 Total income 16775501 58 IIIDISBURSEMENTS 1 For death claims less 1883600 reinsur ance 314159175 additions 20 14100 3161732 75 2 For matured endowments 109372400 additions 2617500 1119899 00 9 10 11 12 13 14 17 18 20 21 22 23 24 25 20 27 29 Xet amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Surrender values applied to pay new premiums see in come Xo 2 426225 to pay renewal premiums see income No 11 2523903 Surrender values applied to purchase paidup insurance and annuities see income No 5 Dividends paid to policyholders in cash Dividends applied to pay renewal premiums see income No 10 Dividends applied to purchase paidup additions and an nuities see income No 4 Total paid policyholders 6342774 51 Paid for claims on supplementary contracts not involv ing life contingencies Commissions and bonuses to agents less commission on reinsurance first years premiums 110837135 renewal premiums 64206541 on annuities origi nal 2191895 i renewal 7386 Salaries and allowances for agencies including man agers agents and clerks Agency supervision traveling and all other agenc penses Medical examiners fees 13242949 inspection of risks 1834051 Salaries and all other compensation of officers and 1 office employees Rent Advertising 6252109 printing and stationery 35122 39 postage 3156703 Legal expenses Furniture fixtures and safes Insurance taxes licenses and department fees Taxes on real estate Repairs and expenses other than taxes on real estate All other disbursements Home office expenses 4281631 75 200133 86 41979 08 732931 90 29501 28 176050 00 52537 12 725731 52 278 00 100709 05 1772429 57 54552 90 32963 89 150776 00 596 92 48839 33 129210 51 12113 04 1174 32 360623 85 37912 40 133772 47 86818 10 30 Total disbursem ntg 9549876 86 334 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 1 Book value of real estate unincumbered 3042105 24 2 Mortgage loans on real estate first liens 24528104 02 3 Loans secured by pledge of bonds stocks or other col lateral 2984719 50 4 Loans made to policyholders on this companys policies assigned as collateral 5994192 00 5 Premium notes on policies in force of which 639100 is for first years premiums 1231666 12 6 Book value of bonds excluding interest 2631420550 stocks 48761037 26801815 87 7 Deposited in trust companies and banks on interest 876040 33 8 Cash in companys office 562808 deposited in banks not on interest 4415302 49781 10 9 Bills receivable 25904735 agents balances 205758 furniture 875998 bills receivable for premiums 8836833 358233 24 10 Total ledger assets 65866657 42 NONLEDGER ASSETS 11 Interest due 735376 and accrued 409 57223 on mortgages 416925 99 12 Interest accrued on bonds and stocks 170499 77 13 Interest accrued on collateral loans 12751 92 15 Interest accrued on other assets 4000 00 16 Rents due 107090 and accrued 12 27292 on companys property or lease 13343 82 17 Total interest and rents due and accrued 617521 50 19 Market value not including interest in item 12 of bonds and stocks over book value 639486 63 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 460428 64 776832 78 22 Gross deferred premiums on policies In force De cember 31 1904 146608 01 844810 51 23 Totals 607036 65 1621643 29 24 Deduct loading 20 per cent 121407 33 324328 66 25 Net amount of uncollected and deferred premiums 485629 32 26 All other assets Net unreported annuities 1297314 63 1782943 95 14769 01 27 Gross assets S 6S92137S 51COMPTROLLERGENERALS REPORT 335 DEDUCT ASSETS NOT ADMITTED 29 Furniture fixtures and safes 8759 98 30 Agents debit balances 2057 58 31 Cash advanced to or in the hands of offi cers or agents all to agents 259047 35 32 Bills receivable 88308 33 35 Total 358233 24 36 Total admitted assets 68563145 27 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the Penn sylvania Insurance Department on the actuaries table of mortality with 4 per cent interest and the 3 and 3Va per cent Anterican tables 54266640 00 Same for reversionary additions 914630 00 Same for annuities including those in reductions of premiums 1907304 00 Total 57088574 00 Deduct net value of risks of this company reinsured in other solvent companies 80106 00 Net reserve 2 Present value of the amounts not yet due on supplement ary contracts not involving life contingencies com puted by the companys actuary Trust deposits 5 Claims for death losses in process of adjustment or ad justed and not due Premiums paid in advance including surrender values so applied Commissions due to agents on premium notes when paid 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 20 Dividends apportioned payable to policyholders during 1905 Dividends apportioned payable to policyholders subse quent to 1905 Accumulated surplus fund 2641179 49 fiveyear option 61287024 liferate endowment 52140678 four per cent bond 29146631 six per cent bond 9130800 12 13 21 57008468 00 1301316 00 14947 00 341095 36 56400 51 6152 18 14000 00 155699 98 162363 04 4158230 82 g36 COMPTROLLERGENERALS REPORT 22 Other liabilities Special 3a per cent reserve 1062679 00 24 Unassigned funds surplus 4281793 3S 25 Total liabilities 6S5C3145 27 Business in the State of Georgia during 1904 Amount Policies on the lives oi citizens of said State in force December 31 of previous year 9526 S 18749623 00 Policies on the lives of citizens of said State issued during the yearJfiU 332474 00 Total13540 26102097 00 Deduct ceased to be in force during the year 2163 4319921 00 Policies f force December 3111377 21782176 0 Losses and claims unpaid December 31 of previous 7 9591 00 year L sses and claims incurred during the year 4 266123 62 Total M 27571n Losses and claims settled during the year 82 2i49 10 Losses and claims unpaid December 31 9 1621S 52 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 697102 G4 L LIFE INSURANCE COMPANY HARTF INN 1E President Silas H Cobnweix Secretary Home Office 4a Pearl Street Hartford Conn bles S Northed Atlanta Attorney for Service in i STOCK Amount of ledger ssets as per bala December 31 1904 1636931 5 19 Extended at 16369 I IIINCOME As shown by the books BBce al close of business Dec 31 1904 J First years premiums on original policies without deduction for commissions or other expenses less 297534 for first rs reinsurance 437204 04COMPTROLLERGENERALS REPORT 337 2 Surrender values applied to pay first years premiums 2106 95 t Total first years premiums on original policies 439310 99 t Dividends applied to purchase paidup additions and annuities C2222 00 Surrender values applied to purchase paidup insurance and annuities 85914 00 li Consideration for original annuities in volving life contingencies 9965 56 7 Consideration for supplementary con tracts involving life contingencies 446 00 Total new premiums Renewal premiums in addition to items 10 and 11 without deduction for com missions or other expenses less 24309 70 for reinsurance on renewals 2383656 72 Dividends applied to pay renewal premi ums 216343 52 11 Surrender values applied to pay renewal premiums 7167 54 10 597858 55 13 Total renewal premiums 2607167 78 14 Total premium income 3205026 33 15 Consideration for supplementary contracts not involving life contingencies 5675 00 17 Premium notes loans or liens restored by revival of poli cies 56 00 18 Interest on mortgage loans 534864 82 20 Interest on bonds and dividends on stocks 198671 07 21 Interest on premium notes policy loans or liens 72582 09 Interest on other debts due the company 8537 01 Discount on claims paid in advance 218 45 Rent from companys property including 8000 for companys own occupancy 37700 75 22 23 24 25 Total interest and rents 2G Profit on sale or maturity of ledger assets 27 From other sources Guarantee of mortgage loans 28 Total income in 852574 7S 20133 i3 605 71 4084071 21 338 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the books at home office at close ot business Dec 31 1904 1 For death claims less 791290 reinsur ance 107333019 additions 12337 1085607 19 2 For matured endowments 123312 ad ditions 522050 128532 50 9 10 11 12 13 15 10 17 18 19 20 21 22 23 24 25 20 27 28 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Surrender values applied to pay new premiums see in come No 2 210695 to pay renewal premiums see income No 11 710754 Surrender values applied to purchase paidup insurance and annuities see income No 5 Dividends paid to policyholders in cash Dividends applied to pay renewal premiums see income No 10 Dividends applied to purchase paidup additions and an nuities see income No 4 Total paid policy holders 1801115 13 Paid for claims on supplementary contracts not involv ing life contingencies Commissions and bonuses to agents less commission on reinsurance first years premiums 23233123 re newal premiums 10391276 on annuities original 49828 Commuted renewal commissions Salaries and allowances for agencies including man agers agents and clerks Agency supervision traveling and all other agency ex penses Medical examiners fees 4200600 inspection of risks 421914 Salaries and all other compensation of officers and home office employees Rent including 8000 for companys own occupancy Advertising 923602 printing and stationery 20300 13 postage 1298731 Legal expenses Furniture fixtures and safes Insurance taxes licenses and department fees Taxes on real estate Repairs and expenses other than taxes on real estate Loss on sale or maturity of ledger assets including sums charged off from cost of real estate 1214199 69 9974 04 4035 50 193007 IS 9274 49 85914 00 4883 11 210343 52 02222 00 5310 77 390742 27 2750 00 55400 05 22995 33 40225 14 90020 13 30350 34 42523 40 3490 83 2795 90 80310 01 8473 37 10708 00 22912 12 COMPTROLLERGENERALS REPORT 339 29 All other disbursements Exchange 8369 miscellane ous expenses 1471706 agents ledger balances charged off 291141 17712 76 30 Total disbursements 2652454 33 IVLEDGER ASSETS 1 Book value of real estate unincumbered 674441 19 2 Mortgage loans on real estate first liens 10983855 28 4 Loans made to policyholders on this companys policies assigned as collateral 1071589 00 5 Premium notes on policies in force 210573 45 0 Book value of bonds excluding interest 406941326 stocks 34108100 4410494 26 7 Deposited in trust companies and banks on interest American National Bank Hartford 36428873 Met ropolitan Trust Co New York 7553308 Fidelity Company Hartford 10000 449821 81 8 Cash in companys office 157 10 10 Total ledger assets 17800932 09 NONLEDGEB ASSETS 11 Interest due 922622 and accrued 206 33200 on mortgages 215588 22 14 Interest due on premium notes policy loans or liens 3567 87 17 Total interest and rents due and accrued 19 Market value of bonds and stocks over book value 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 72477 74 113292 14 22 Gross deferred premiums on policies in force De cember 31 1904 33033 53 171020 21 23 Totals 10551127 284312 35 24 Deducting loading 20 per cent 21102 25 56862 47 25 Net amount of uncollected and deferred premiums 84409 02 227449 88 219156 09 192253 34 111858 90 27 Gross assets 18524200 42340 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the com pany on the actuaries table of mortal ity with 4 per cent interest 17001522 00 Same for revisionary additions 402876 00 Same for annuities including those in reduction of premiums 92248 00 Total 17556646 00 Deduct net value of risks of this company reinsured in other solvent companies 100358 00 Net reserve 17456288 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company with 3 per cent interest 26839 00 5 Claims for death losses in process of ad justment or adjusted and not due 11323 00 6 Claims for death losses which have been reported and no proofs received 20148 00 10 Total policy claims 31471 00 12 Premiums paid in advance including surrender values so applied 23084 00 20 Dividends apportioned payable to policyholders during 1905 8914 00 22 Other liabilities Special policy reserve 175000 00 24 Unassigned funds surplus 802604 42 25 Total liabilities 18524200 42 Business in Georgia luring 190If No Amoui t Policies on the lives of citizens of said State in force December 31 1904 929 1850612 00 Policies on the lives of citizens of said State issued increased and revived during the year 206 332077 00 Total1135 2182689 00 Deduct ceased to be in force and decreased during the year177 337686 00 Policies in force December 31 1904 958 1845003 00 Losses and claims incurred during the year 8 29580 00 Losses and claims settled during the year in cash 8 29580 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 61124 21COMPTROLLERGENERALS REPORT 341 PITTSBURG LIFE AND TRUST COMPANY PITTSBURG PA W Harvard Nimick President James H Mahan Secretary Principal Office Pittsburg Pa Jonx M Slaton Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 315000 00 Amount of net or ledger assets December 31 of previous year 616967 57 Increase of capital during the year 10700 00 Extended at 627667 57 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 80314 88 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 199724 04 Total 280038 92 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 2983 87 7 Total premium incomeI 227055 05 8 Cash received for interest on mortgage loans 13112 32 9 Cash received for interest on bonds owned and divi dends on stock 5096 26 10 Cash received for interest on premium notes loans or liens 2840 03 11 Cash received for interest on other debts due the com pany 11577 35 18 Reinsurance reserve 427 49 19 From all other sources viz Contribution to surplus fund 17795 00 Total income 327903 50 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including revisionary addi tions 9 Premium notes loans or liens voided by lapse 66506 00 8213 01 342 COMPTROLLERGENERALS REPORT 13 Surrender values paid in cash Total paid policyholders 85055 83 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 3808080 renewals 1161931 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 offi cers and other home office employees 23 Cash paid for insurance department fees and agents li censes and municipal licenses 24 Cash paid for rent 25 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 35S499 printing 732530 postage 280933 28 Cash paid for legal expenses 29 Cash paid for the following items viz Telephones and telegrams 45900 supplies 121728 profit and loss 1487268 Total miscellaneous expenses 14114100 10336 82 50300 11 11633 49 8175 73 27190 41 4403 47 6539 17 870 51 13779 62 1699 47 10549 02 30 Total disbursements 220190 IVASSETS AS PER LEDGES ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 7104 62 2 Loans on mortgages first liens on real estate 221150 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 209168 50 4 Loans made in cash to policyholders on this companys policies assigned as collateral 16762 69 5 Premium notes loans or liens on policies in force 27982 71 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 160152 90 7 Cash in companys office 4298 20 8 Cash deposited in banks 61692 97 10 Agents ledger balances 21001 65 Total net or ledger assets 729374 24 OTHER ASSETS 14 Interest due 93700 and accrued 2 8324S on mortgages 3769 48 15 Interest accrued on bonds and stocks 1543 36 16 Interest due on collateral loans 268 07 COMPTROLLERGENERALS REPORT 343 17 Interest accrued on premium notes loans or liens 8837 76 18 Interest due on other assets 63 57 Total carried out 22 Due from other companies for losses or claims on poli cies of this company reinsured 23 Gross premiums due and few Business Renewals unreported on policies in force December 31 1904 10253 98 24 Gross deferred premiums on policies in force De cember 31 1904 3505 37 10243 60 16536 02 Totals 13759 35 26779 62 25 Deducting loading 20 per cent on new and 20 per cent on renewals 2751 88 5355 92 26 Net amount of uncollected and deferred premiums 11007 47 21423 70 27 Furniture fixtures and safes 727500 printed matter and supplies 700000 net 70 per cent subordi nary premiums due and unreported and deferred on policies in force 1149657 28 Total assets as per the books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and safes 7275 00 5 Agents balances 21061 65 7 Due from other companies for claims on policies reinsured 14617 78 8 Supplies printed matter and stationery 7000 00 Total VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries and American tables of mortality with 3 3 and 4 per cent interest Deduct net value of risks of this company reinsured in other solvent companies 418930 00 743 00 14482 24 14617 78 32431 11 25771 57 816677 00 49954 43 9 Total assets less items not admitted 766722 57 Net reinsurance reserve 418187 00 344 COMPTROLLERGENERALS REPORT 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6500 00 G Claims for death losses and other polio claims resisted by the company 2100 00 Total policy claims 8600 00 16 Amount of any other liability of the company viz Pre miums paid in advance 467146 all other liabilities 17451 4845 97 17 Liabilities on policyholders account 431632 97 18 Gross surplus on policyholders account 335089 60 19 Total liabilities 766722 57 PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY NEW YORK N Y Edward W Scott President William E Stevens Secretary Principal Office 346 Broadway New York City James R Nutting Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year 6399745 44 Extended at 6399745 44 IT INCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deduction for commissions or other expenses 640064 43 12 Cash received for renewal premiums without deductions for commissions or other expenses 2739293 54 2 Premium notes loans or liens taken in part payment for premiums on new policies 15067 07 21L Premium notes loans cr liens taken in part payment for renewal premiums 64753 45 3 From dividends applied to pay running premiums see item 11 disbursements 127881 l COMPTROLLERGENERALS REPORT 3 15 4 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 12893 55 5 Consideration for annuities other than matured installment policies 06812 00 Total 3666765 55 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1118 03 renewals 634965 7467 68 7 Total premium income 3659297 87 8 Cash received for interest on mortgage loans 27608 05 9 Cash received for interest on bonds owned and divi dends on stock 25446 57 10 Cash received for interest on premium notes loans or liens 123946 33 11 Cash received for interest on other debts due the com pany 7557 68 13 Cash received for rents for use of companys property 261262 09 14 Cash received for profits on sales or maturity of ledger assets 238145 35 16 From dividends and surrender values on reinsurances Ill 09 17 Premium notes loans or liens restored by revival of poli cies 728 29 19 From all other sources viz Deposits by tenants as se curity for rent 75000 consideration for supplement ary contracts not involving life contingencies 26 97930 27729 30 Total income 4371832 02 IIIDISBUKSEMENTS DUBING YEAR 1904 1 Cash paid for death claims including re visionary additions 1492562 66 2 Premium notes loans or liens used in payment of the same 3751 72 3 Cash paid for matured endowments and additions thereto 1000 00 5 Cash paid for sums falling due during the year on installment policies 81536 00 Total 1578850 38 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 42143 00 7 Total net amount actually paid for losses and matured endowments 1530707 38ya 346 COMPTROLLERGENERALS REPORT 8 Cash paid to annuitants 15782 40 9 Premium notes loans or liens used in purchase of sur rendered policies 664681 voided by lapse 1375748 20404 29 10 Cash dividends paid policyholders 45997 84 11 Cash dividends applied to pay running premiums see item 3 income 127881 51 13 Surrender values paid in cash 220562 81 15 Surrender values applied to purchase paidup insurance and annuities see item 4 income 12893 55 Total paid policyholders 1986876 59 16 Cash paid stockholders for interest or dividends 6972 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 33894197 renewals 17620000 on annuities 256005 517702 02 18 Cash paid for salaries and allowances to managers and agents 101989 57 19 Cash paid for medical examiners fees 0948437 inspec tion of risks 1675604 86240 41 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 275841 58 21 Cash paid for taxes on new premiums 995200 on re newals 4375159 53703 59 22 Cash paid for taxes on reserves 584 58 23 Cash paid for insurance department fees and agents li censes 494376 municipal licenses 657171 11515 47 24 Cash paid for rent less 106675 received under sublease 69239 83 26 Cash paid for furniture fixtures and safes for home and agency offices 7353 82 27 Cash paid for advertising 2334681 printing 270S1 29 postage 2555065 75978 75 28 Cash paid for real estate expenses other than taxes 15871496 for legal expenses 3833200 197040 93 29 Cash paid for the following items viz Taxes on real estate 4119660 expense 2592285 agency supervis ion traveling and all other agency expenses 125510 05 deposits as security for rent returned to tenants 925 exchange 519282 198747 32 Total miscellaneous expenses 1602918 90 30 Total disbursements 35s 148 68 IVASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumbrances 2514793 26 2 Loans on mortgage first liens on real estate 700295 22 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 9200 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 22S9450 96COMPTROLLERGENERALS REPORT 347 5 Premium notes loans or liens on policies in force of which 8050881 was received during the year C Book value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances Loans to agents at interest within the value of their contracts and secured by surety bonds 261440 16 796999 92 33593 73 454663 48 980 88 77005 77 50000 00 11 Total net or ledger assets 7188429 38 OTHER ASSETS 14 Interest due 452750 and accrued 6 26696 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 433401 and accrued 51 47103 on premium notes loans or liens 18 Interest due and accrued on other assets 19 Rents due and accrued on companys property or lease Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and New Business unreported on policies in force December 31 1904 168298 00 Gross deferred premiums on policies in force De cember 31 1904 24 43188 00 Totals 211486 00 25 Deduct loading 20 per cent on new and 20 per cent on renewals 42297 00 10794 46 10765 39 85 15 55805 04 4250 00 6561 02 Renewals 220414 00 242314 00 462728 00 92545 00 26 Net amount of uncollected and deferred premiums 169189 00 370183 00 Due from Comptroller of the State of New York for ex cess taxes 88261 06 189706 74 18400 23 539372 00 13235 50 28 Total assets as per books of the company 8037404 91348 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 5 Agents balances 77005 77 7 Bills receivable 980 88 Total 77986 C5 9 Total assets less items not admitted 795941S 2G VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to combined and American tables of mor tality with 4 per cent and 3 per cent interest 6960473 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 8512 00 Net reinsurance reserve 6951961 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 33220 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 100900 00 G Claims for death losses and other policy claims resisted by the company 49000 00 8 Present value of unpaid amounts on ma tured installment policies 30417 00 9 Amount of trust funds held by the com pany and accrued interest 26795 82 Total policy claims 240332 82 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 15357 33 17 Liabilities on policyholders account 7207651 15 18 Unasigned funds to provide for all other contingencies 751767 11 19 Total liabilities 7959418 26 Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previ ous year 1817 370010 00 mil COMPTROLLERGENERALS REPORT 349 Number and amount of policies on the lives of citi zens of Georgia issued during the year 739 673037 00 Total 2556 4373202 00 Deduct number and amount which have ceased to be in force during the year 672 743422 00 Total number and amount of policies in force in Georgia December 31 1904 1884 3629780 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 12000 00 Amount of losses and claims on policies in Georgia incurred during the year 25 73000 00 Total 27 85000 00 Amount of losses and claims on policies in Georgia paid during the year 24 77000 QO Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses Cash 12737938 notes orcredits 720956 total 134588 64 RELIANCE LIFE INSURANCE COMPANY PITTSBURG PA James H Reed President L C Robens Secretary Principal Office cor Fifth Avenue and Wood St Pittsburg Pa ICAPITAL STOCK 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets Decem ber 31 of previous year 2053734 97 Extended at 2053734 97 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 137022 94 iy2 Cash received for renewal premiums without deductions for commission or other expenses 33416 2 350 COMPTROLLERGENERALS REPORT 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 334 41 Total 170773 87 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1418 80 renewals 221051 3029 31 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 19 From all other sources viz Premiums in trust 107144 5G 1430 81 30817 75 2292 70 24455 83 440 77 Total income 232594 45 111DISBURSEMENTS DURING TEAR 1904 1 Cash paid for death claims including revisionary addi tions 0000 00 Total paid policyholders G334 41 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7575041 renewals 182010 77570 51 IS Casn paid fcr salaries and allowances to managers and agents 29130 74 19 Cash paid for medical examiners fees 1344992 inspec tion of risks 330097 10810 89 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 44497 28 23 Cash paid for insurance department fees and agents li censes 3007 04 24 Cash paid for rent 10190 45 20 Cash paid for furniture fixtures and safes for home and agency offices 843 96 27 Cash paid for advertising 5938834 printing 12743 38 postage 115600 73287 72 28 Cash paid for legal expenses 1793 79 29 Cash paid for the following items viz Agency supervis ion traveling etc 442388 insurance books 12648 valuation fees 13700 fire insurance premiums 07 58 express 29540 general expenses 588717 tele phone and telegrams 110218 12039 75 Total miscellaneous expenses 30 Total disbursements 275244 23 281578 54 IS COMPTROLLERGENERALS REPORT 351 IVASSETS AS PER LEDGEJJ ACCOUNTS 2 Loans on mortgages first liens on real estate 188246 75 4 Loans made in cash to policyholders on this companys policies assigned as collateral 30000 00 6 Cost value of bonds and stocks owned excluding interest at time of purchase 1171131 G3 7 Cash in companys office 1330 21 8 Cash deposited in banks 538103 56 9 Accounts receivable 1868 90 10 Agents ledger balances 74069 83 11 Total net or ledger assets as per balance above 2004750 OTHER ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks Total carried out 23 Gross premiums due and New Business unreported on policies in force December 31 1904 7788 55 24 Gross deferred premiums on policies in force De cember 31 1904 3786 72 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 8681 45 2141 35 18108 41 R n vals 5337 08 4036 20 Totals 11575 27 9373 26 25 Deduct loading 25 per cent on new and renewals 2893 82 2343 31 7029 95 20249 76 15711 40 8381 03 28 Total assets as per the books of the company 2049093 07 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 7 Accounts receivable 8381 03 74069 83 1868 90 Total 84319 76 9 Total assets less items not admitted 1964773 31352 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all outstanding poli cies in force on the 31st day of Decem ber 1904 computed according to the American experience table of mortality with 3 per cent interest 221109 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies L175 00 Net reinsurance reserve 219994 00 1G Amount of any other liability of the company viz Pre miums paid in advance 44077 claim for death loss reported and proofs not yet received 100000 cost of collection on uncollected deferred premiums 125350 2700 27 17 Liabilities on policyholders account 222094 27 18 Gross surplus on policyholders account 1742079 04 19 Total liabilities 1964773 31 21 Estimated surplus accrued on all other policies 1742079 04 Business in Georgia during 1904 No Am unt Number and amount of policies on the lives of citi zens of Georgia issued during the year 194 290500 00 Deduct number and amount which have ceased to be in force during the year 9 13000 00 Total number and amount of policies in force in Georgia December 31 1904 1S5 283500 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or ether expenses 10310 91 THE RESERVE LOAN LIFE INSURANCE COINDIANAPOLFS IND Chalmers Brown President Wu K Bellis Secretary Principal Office 25 to 48 Ingalls Block Indianapolis Ind ICAPITAL stock Amount of net or ledger assets Decem ber 31 of previous year 242982 10 Extended at 242982 1COMPTROLLERGENERALS REPORT 353 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 155409 15 iy2 Cash received for renewal premiums without deduc tions for commissions or other expenses 6G7976 98 7 Total premium income 823386 13 8 Cash received for interest on mortgage loans 3596 79 9 Cash received for interest on honds owned 12 00 10 Cash received for interest on premium notes loans or liens 24904 22 19 From all other sources viz Divisible surplus 146000 understatement of age 6717 1527 17 Total income 853426 31 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including revisionary addi tions 8 Premiums returned 9 Premium notes loans or liens voided by lapse 10 Cash dividends paid policyholders 13 Surrender values paid in cash Total paid policyholders 137952 12 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 13131809 renewals 326486 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 compensation of offi cers and other home office employees 21 Cash paid for taxes 23 Cash paid for insurance department fees and agents li censes 24 Cash paid for rent including 254580 companys occu pancy less 18000 received under sublease 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 163517 printing 166123 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage 2665 37 traveling expenses 761286 general expenses 147551 collections and exchange 19790 suspense account 51 Total miscellaneous expenses 190337 26 40500 00 650 36 4082 03 6326 07 86393 66 134582 95 10609 75 5424 75 18540 45 173 68 329 03 2365 SO 531 40 3296 40 2530 90 11952 15 30 Total disbursements 23 in 328289 38PHWVSWPHi 354 COMPTROLLERGENERALS REPORT IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 5 Premium notes loans or liens on policies in force of which 1075605 was re ceived during the year 6 Cost value of bonds and stocks owned ex eluding accrued interest at time of pur chase 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents balances 111390 00 554495 00 47540 76 433 00 4174 90 45888 66 90 00 4106 71 11 Total net or ledger assets as per balance above 768119 03 12 Deduct depreciation from cost of assets to bring same to market value 16 00 13 Total net or ledger assets less depreciation 768103 03 OTHER ASSETS 14 Interest due and accrued on mortgages 935 58 15 Interest due and accrued on bonds and stocks 2 00 17 Interest due 201445 and accrued 1 45434 on premium notes loans or liens 3468 79 18 Interest due and accrued on other assets 513 52 Total carried out 23 Gross premiums due and Nev Business unreported on policies in force December 31 1904 12154 79 24 Gross deferred premiums on policies in force De cember 31 1904 Totals 85 Deducting loading 60 per cent on new and 20 per cent on renewals 12154 79 7292 87 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 4861 92 Renewals 6133 89 6984 45 13118 34 2623 67 10494 67 4919 89 15356 59 3000 00 28 Total assets as per the books of the company 791379 51 COMPTROLLERGENERALS REPORT 355 ITEMS NOT ADMITTED 2 Furniture fixtures and sates 5 Agents balances 7 Bills receivable 3000 00 4106 71 90 00 Total 2 G 7196 71 3 Total assets less items not admitted 784182 80 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to the actuaries table of mortality with 4 per cent in terest Premium notes or loans on policies and other obligations in excess of the net value of their policies 4750 36 Claims for death losses and other policy claims resisted by the company 5000 00 719500 00 Total policy claims 9750 36 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 682 32 16 Amount of any other liability of the company viz Com mission due agents on premium notes when paid 688 30 17 Liability on policyholders account 730620 98 18 Gross surplus on policyholders account 53561 82 19 Total liabilities 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 21 Estimated surplus accrued on all other policies 784182 80 1470 00 52091 82 ROYAL UNION MUTUAL LIFE INSURANCE CO DES MOINES IA Frank D Jackson President Sidney A Foster Secretary Principal Office Sixth and Locust Street Des Moines la James G West Atlanta Attorney for Service in Georgia icapital stock Amount of net or ledger assets Decem ber 31 of previous year 1011529 08 Extended at I 1011529 08wmmmKumm HMM H KwaojsioiN 856 COMPTROLLERGENERALS REPORT IIINCOME DTJBING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses li Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2 Premium notes loans or liens taken in part payment of renewal premiums 3 From dividends applied to pay running premiums see item 11 disbursements 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 4Mi From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 129524 80 287780 42 1G980 61 86095 35 4783 86 180 26 694 90 Total 6 Deduct amount of premiums paid to other panies for reinsurance on policies in this company new business 137975 renewals 513224 526040 20 6511 99 7 Total premium income 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 519528 2t 43177 06 26 17 22159 58 2071 50 2586 54 Total income 389449 06 IIIDISBURSEMENTS DIKING YEAB 1904 1 Cash paid for death claims including revisionary addi tions 91398 90 2 Premium notes loans or liens used in payment of the same 984 77 5 Cash paid for sums falling due during the year on in stallment policies 2300 00 7 Total net amount actually paid for losses and mutual en dowments 94683 67COMPTROLLERGENERALS REPORT 857 10 11 12 13 15 16 17 18 19 20 21 22 23 24 26 27 28 29 Premium notes loans or liens used in purchase of sur rendered policies 649363 voided by lapse 2876312 Cash dividends paid policyholders Cash dividends applied to pay running premiums see item 3 income Cash dividends applied to purchase paidup additions and annuities see item 3y2 income Surrender values paid in cash Surrender values applied to purchase paidup insurance and annuities see item 4 income Total paid policyholders 150012 42 Cash paid for interest or dividends to guaranteed fund holders Cash paid for commission and bonuses to agents less commission on reinsurance new policies 11419175 renewals 2357415 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 900950 inspec tion of risks 138679 Cash paid for salaries and all other compensation of offi cers and other home office employees Cash paid for taxes on new premiums 215898 on re newals 606530 Cash paid for taxes on personal property Cash paid for insurance department fees and agents li censes 218425 municipal licenses 19107 Cash paid for rent companys occupancy Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 151075 printing 432464 Cash paid for legal expenses Cash paid for the following items viz Acturial service 39861 collection expense 59184 express 20356 loan expense 200857 office expense 141350 sub scriptions to insurance journals 12550 telegraphing 15422 telephone 16235 Union Life reinsurance contract 535000 postage 167757 35256 75 3234 75 4783 SS 180 26 11178 23 694 90 7000 00 137766 40 19863 42 10396 29 27341 6G 8224 28 716 13 2375 32 2424 50 1092 66 5835 39 5952 95 12135 72 Total miscellaneous expenses 30 Total disbursements 12135 72 391137 14 IVASSETS AS PEB LEDGER ACCOUNTS Loans on mortgage first liens on real estate Loans secured by pledge of bonds stocks or other mar ketable collaterals Loans made in cash to policyholders on this companys policies assigned as collateral 805133 00 375 00 169505 19 858 COMPTROLLERGENERALS REPORT 5 Premium notes loans or liens on policies in force of which 7920593 was received during the year 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances of which 941282 was ad vanced during the year Loan tax liens secured by mortgages 11 Total net or ledger assets 219761 65 1565 37 437 3a 127 16 12593 0T 343 25 1209841 00 OTHER ASSETS 14 Interest due 107596 and accrued 16 33603 on mortgages 17411 99 L6 Interest due 6750 and accrued 600 on collateral loans 73 50 17 Interest accrued on premium notes loans or liens 6399 17 18 Interest due 138211 and accrued 3 52987 on other assets 4911 98 Total carried out 23 Gross premiums due and n6W Business Renewals unreported on policies in force December 31 1904 29526 60 14063 30 24 Gross deferred premiums on policies in force De cember 31 1904 888 01 16292 03 Totals 30414 61 30355 93 25 Deduct loading 20 per cent on new and 20 per cent on renewals 6082 92 6071 19 26 Net amount of uncollected and deferred premiums 24331 69 24284 74 27 furniture fixtures and safes 546707 commuted com missions 562155 28796 645 4S616 43 11088 62 28 Total assets as per the books of the company 1298342 69 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 3 Commuted commissions 5 Agents balances not secured 5467 07 5621 55 2109 42 Total 13198 04 9 Total assets less items not admitted 1285144 65 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to the actuaries table of mortality with Deduct net value of risks of this company reinsured in other solvent companies 1965 00 359 1104177 00 11 45 2064 89 830 00 1986 60 2 Premium notes or loans on policies and other obligations in excess of the net 5 Claims for death losses and matured endowments in process of adjustment or 6 Claims for death losses and other policy claims resisted by the company 5000 00 7 Amounts due and unpaid on annuity 8 Present value of unpaid amounts on matured installment policies face 33000 00 19581 10 Amount of all unpaid dividends of surplus or other de 13 Amount due on account of salaries rents and office ex 16 Amount of any other liability of the company viz Pre 1162099 94 123044 71 1285144 85 Amount 425265 00 2210 00 Business in Georgia during 1904 Number and amount of policies on the lives of citizens of Georgia in force December A of previous year 256 Number anrl amount of policies on the lives of citizens 427475 00 68000 00 lact number and amount which have ceased to be Total number and amount of policies in force in 475 00 330 COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Georgia incurred during the year 4 7000 00 Amount of losses and claims on policies in Georgia paid during the year 4 7000 00 Amount of premiums collected or secured in Georgia during the year in cash 1097478 notes or credits 158763 without any deduction for losses dividends commissions or other expenses 12502 41 SECURITY TRUST AND LIFE INSURANCE COMPANY PHILADELPHIA PA Thomas Bkadley President I C Garyerick Secretary Principal Office Security Trust and Life Building New York City Aaron Haas Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 500000 00 Amount of net or ledger assets December 31 of previous year 1980781 52 Extended at 19807S1 52 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 237960 17 1 Cash received for renewal premiums without deductions for commissions or other expenses 596199 80 2 Premium notes loans or liens taken in part payment for renewal premiums 104299 37 3 From dividends applied to pay running premiums see item 11 disbursements 74 12 4i From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 24894 00 5 Consideration for annuities other than matured installment policies 1898 22 Total 965325 68 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 2007 60 7 Total premium income 963318 08 p COMPTROLLERGENERALS REPORT 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 13 Cash received for rents for use of companys property in cluding 1800000 for companys own occupancy 14 Cash received for profits on sales of bonds or stocks 15000 real estate 10000 all other 8950 17 Premium notes loans or liens restored by revival of poli cies 19 From all other sources viz Supplementary contracts not involving life contingencies 735000 contingent reversion 16980 361 5833 37 12105 91 14956 09 162 50 210241 39 339 50 1285 53 7519 80 Total income L215762 17 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 5 Cash paid for sums falling due during the year on installment policies 368511 91 3435 00 13 15 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 8V Health and accident insurance claims paid 9 premium notes loans or liens voided by lapse 10 Premiums returned to policyholders 11 Cash dividends applied to pay running premiums see item 3 income Surrender values paid in cash Surrender values applied to purchase paidup insurance and annuities see item 4 income Total paid policyholders 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 18020646 renewals 4068913 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 1528000 in spection of risks 611493 Cash paid for salaries and all other compensation of offi cers and other home office employees Cash paid for insurance department fees and agents li censes 448824 50 18 19 20 23 371946 91 331 81 1991 88 7372 51 1318 02 74 12 40895 25 24894 00 220895 59 8672 87 21394 93 56441 74 21420 15 362 COMPTROLLERGENERALS REPORT 24 Cash paid for rent including 1800000 companys occu pancy 21738 03 26 Cash paid for furniture fixtures and safes for home and agency offices 1731 02 27 Cash paid for advertising 613836 printing 16115 58 postage 239158 24645 52 28 Cash paid for real estate expenses other than taxes 48 35092 for legal expenses 549578 53846 70 29 Cash paid for the following items viz Taxes on real estate 2847720 interest payments 6779167 tax on capital 100000 expense account 462665 ex pressage 121113 all other payments including profit and loss on protested checks agents balances etc 6385511 166961 76 Total miscellaneous expenses 597748 31 30 Total disbursements 1046572 81 IVASSETS AS PEB LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1307000 00 2 Loans on mortgage first liens on real estate 142100 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 6065 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 167189 69 5 Premium notes loans or liens on policies in force of which 10429937 was received during the year 68118 12 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 303140 83 7 Cash in companys office 5182 40 8 Cash deposited in banks 75756 76 9 Bills receivable 2161 03 10 Agents ledger balances of which 2370810 was ad vanced during the year 46653 48 Companys stocks owned 1850000 suspense account 12050 Grable contract 228307 contingent rever sion 570000 26603 57 13 Total net or ledger assets 2149970 88 OTHER ASSETS 14 Interest due 330000 and accrued 1 72457 on mortgages 5024 57 15 Interest accrued on bonds and stocks 3694 33 16 Interest accrued on collateral loans 164 60 17 Interest accrued on premium notes loans or liens 6231 00COMPTROLLERGENERALS REPORT 363 18 Interest accrued on other assets 19 Rents due and accrued on companys property or lease 125 59 9084 05 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and NewBusines unreported on policies in force December 31 1904 24 Gross deferred premiums on policies in force De cember 31 1904 15694 74 Renewals 25512 43 86623 04 24324 14 247500 00 6594 17 Totals 15694 74 112135 47 25 Deducting loading 15 per cent on new and 15 per cent on renewals 2354 21 16820 32 26 Net amount of uncollected and deferred premiums 13340 53 95315 15 108655 68 Cash in transmission 6004 13 28 Total assets as per the books of the company 2543049 00 ITEMS NOT ADMITTED 1 Companys stock owned 18500 00 7 Suspense account 120 50 8 Grable contract 2283 7 Total 20903 57 9 Total assets less items not admitted 2522145 43 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed accord ing to the American table of mortality with 3 per cent interest 1951783 00 5 Claims for death losses and matured en ments in process of adjustment or ad justed and not due 51951 06 6 Claims for death losses and other policy claims resisted by the company 14699 56 8 Present value of unpaid amounts on ma tured installment policies face 36 64500 27930 00 Total policy claims gg4 COMPTROLLERGENERALS REPORT 16 Amount of any other liability of the company viz Pre miums paid in advance 401826 commissions due agents on premium notes when paid 105000 inter est accrued 1135416 16422 42 17 Liabilities on policyholders account 2062786 04 18 Gross surplus on policyholders account 459359 39 19 Total liabilities 2522145 4 Business in Georgia during 190i No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 282 455639 00 Number and amount of policy on the lives of citizens of Georgia issued during the year 84 132333 00 Total 366 587972 00 Deduct number and amount which have ceased to be in force during the year 32 50000 00 Total number and amount of policies in force in Georgia December 31 1904 334 537972 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 2247 00 Amount of losses and claims on policies in Georgia incurred during the year 6 7710 00 Total 8 9957 00 Amount of losses and claims on policies in Georgia paid during the year 7 8007 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 20041 14 SECURITY MUTUAL LIFE INSURANCE COMPANY BIXGHAMTON NEW YORK has M TtJBNKE President C A LaDfe Registrar Principal Office Binghamton N Y W A Weight Atlanta Attorney for Service in Georgia iCAPITAL STOCK Amount of net or ledger assets December 31 of previous pear 2098676 41 Extended at 209S676 41 COMPTROLLERGENERALS REPORT 365 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new policies without de ductions for commissions or other expenses lVo Cash received for renewal premiums without deduc tions for commissions or other expenses 1068263 47 3 From dividends applied to pay running premiums see item 11 disbursements 4 From surrender values applied to pay running premiums see item 14 disbursements 5 Consideration for annuities other than matured install ment policies 372986 86 9022 96 11 98 2000 00 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property 17 Premium notes loans or liens restored by revival of poli cies 18 Supplementary contracts not involving life contingencies 19 From all other sources viz Registration 206400 ex change 1160514 premiums paid 88 policy exchange 73344533 in advance 206 Total income 1452285 27 16442 11 21068 86 48035 97 5343 42 241 21 2429 84 86 94 23569 50 747321 35 2316824 47 1 IIIDISBURSEMENTS DURING YEAR 1904 Cash paid for death claims including revisionary addi tions 8 Cash paid to annuitants 9 Premium notes loans or liens voided by lapse 1L Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income Total paid policyholders 486639 35 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 28884846 renewals 5727968 annuities 14000 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 5100900 in spection of risks 1101968 455210 40 218 00 2429 91 9022 96 19746 10 11 9S 346268 14 128203 34 62028 68iss jy 366 COMPTROLLERGENERALS REPORT 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 54453 73 Cash paid for taxes on real estate 1664 11 Cash paid for insurance department fees taxes and agents licenses 25374 42 Cash paid for rent companys occupancy 12678 98 Cash paid for agency supervision traveling and other agency expenses 15767 06 Cash paid for furniture fixtures and safes for home and agency offices 3495 18 27 Cash paid for advertising 825546 printing 883364 postage 753212 24621 22 Cash paid for real estate expenses other than taxes 65785 for legal expenses 223134 2889 19 Cash paid for the following items viz General office expenses 1318306 exchange 1229502 collections 2701728 investigation 402153 accrued interest paid 103693 premium on bonds 577200 agents accounts charged off 4576422 profit and loss 79 43 supplementary contracts not involving life con tingencies 258900 loss on sale or maturity of ledger assets 140625 113164 72 Total miscellaneous expenses 790608 77 22 23 24 25 26 2S 29 30 Total disbursements 1277248 12 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 374567 95 2 Loans on mortgage first liens on real estate 306956 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 25500 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1474800 41 5 Premium notes loans or liens on policies in force of which 208054 was received during the year 18709 49 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 574060 50 7 Cash in companys office 4327 24 8 Cash deposited in banks 222918 46 10 Agents ledger balances of which 10800173 was ad vanced during the year 136412 71 13 Total net or ledger assets 3138252 76 OTHER ASSETS 14 Interest due 65000 and accrued 5 48002 on mortgages 6130 02 15 Interest accrued on bonds and stocks 3400 83 16 Interest accrued on collateral loans 204 17 COMPTROLLERGENERALS REPORT 367 17 Interest accrued on premium notes loans or liens 40787 60 18 Interest accrued on other assets 190 00 Total carried out 23 Gross premiums due and New Business unreported on policies in force December 31 1904 4103 82 24 Gross deferred premiums on policies in force De cember 31 1904 32720 84 Renewals 82050 17 82010 69 Totals 36824 66 164060 86 25 Deducting loading 20 per cent on new and 20 per cent on renewals 7364 93 32812 17 26 Net amount of uncollected and deferred premiums 50712 62 29459 73 131248 69 160708 42 28 Total assets as per the books of the company 3349673 80 ITEMS NOT ADMITTED 5 Agents balances 6 Premium notes or loans on policies and net premiums in excess of net value of policies 7 Book value of ledger assets over market value 136412 71 117117 21 26803 45 Total 280333 37 9 Total assets less items not admitted 3069340 43 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to New York State Insurance Department on combined American experience table of mortality with 4 3 and 3 per cent interest 2423477 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not dueI 6 Claims for death losses and other policy claims resisted by the company 8 Present value of unpaid amounts on ma tured installment policies 29071 30 15000 00 65967 13 Total policy claims 110038 43iife a ggg COMPTROLLERGENERALS REPORT 13 Amount due on account of salaries rents and office ex penses 24019 4S 16 Amount of any other liability of the company viz Pre miums paid in advance 5983 95 17 Liabilities on policyholders account 2563518 87 18 Gross surplus on policyholders account 505821 56 19 Total liabilities 3069340 43 Business in Georgia during 1904 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1601 2791519 50 Number and amount of policies on the lives of citi zens of Georgia issued during the year 309 469099 98 Total 1910 3260619 48 Deduct number and amount which have ceased to be in force during the year 358 535312 98 Total number and amount of policies in force in Georgia December 31 1904 1552 2725306 50 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 5926 50 Amount of losses and claims on policies in Georgia incurred during the year 22 36709 98 Total 24 42636 48 Amount of losses and claims on policies in Georgia paid during the year 22 34187 48 Amount of premiums collected or secured in Georgia luring the year in cash without any deduction for losses divi dends commissions or other expenses 73763 49 STATE LIFE INSURANCE COMPANY INDIANAPOLIS INDIANA Andrew M Sweeney President Wilbur S Wynn Secretary Principal Office State Life Building Indianapolis Ind C V LeCraw Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 2049232 52 Extended at 2049232 52 COMPTROLLERGENERALS REPORT 369 1 2i 1431 IIINCOME DURING TEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 784163 05 Cash received for renewal premiums without deductions for commissions or other expenses Premium notes loans or liens taken in part payment for renewal premiums 3 Prom dividends applied to pay running premiums see item 11 disbursements 501 zy2 From dividends applied to purchase paidup additions and annuities see item 12 disbursements and exchanges 13786 69 4 Prom surrender values applied to pay run ning premiums see item 14 disburse ments 2394 43 414 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 8898 50 5 Consideration for annuities other than matured installment policies 130 00 1048133 08 598 80 040 48 Total 2051145 03 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 3594 61 renewals 64265 4237 26 7 Total premium income 2046907 77 8 Cash received for interest on mortgage loans 71144 52 9 Cash received for interest on bonds owned and divi dends on stock 1298 75 10 Cash received for interest on premium notes loans or liens 36080 58 11 Cash received for interest on other debts due the com pany 1830 79 13 Cash received for rents for use of companys property including 557400 for companys own occupancy 86747 97 Total income 2244032 78 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including revisionary addi tions 300902 69 9 Premium notes loans or liens voided by lapse 33178 18 10 Cash dividends paid policyholders 1412 94 11 Cash dividends applied to pay running premiums see item 3 income 50040 48 24 in fSiiJMassw 370 COMPTROLLERGENERALS REPORT 13 14 15 18 19 12 Cash dividends applied to purchase paidup additions and annuities see item 3l2 income Surrender values paid in cash Surrender values applied to pay running premiums see item 4 income Surrender values applied to purchase paidup insurance and annuities see item 4 income Total paid policyholders 496631 15 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 44167700 renewals 10264294 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 3000750 in spection of risks 916156 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on new premiums and renewals 22 Cash paid for taxes on investments 23 Cash paid for insurance department fees and agents li censes 713798 municipal licenses 187086 24 Cash paid for rent including 557400 companys occu pancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 546918 printing 18907 29 postage 657692 28 Cash paid for real estate expenses other than taxes 34 55852 for legal expenses 2103230 29 Cash paid for the following items viz Traveling ex penses 3689535 loss on sale of securities 2400 investment expense 8900 miscellaneous expenses 654060 discount on advance premiums 33946 13786 69 86017 24 2394 43 8898 50 544319 94 33092 15 39169 06 110646 06 24168 81 4124 00 9008 84 17151 67 7501 23 30953 39 55590 82 43888 44 30 Total disbursements 1416245 56 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 986498 44 2 Loans on mortgage first liens on real estate 1045258 83 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 614864 19 5 Premium notes loans or liens on policies in force of which all was received dur ing the year 41808 34 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of purchase 67007 50COMPTROLLERGENERALS REPORT 371 7 Cash in companys office 12949 74 8 Cash deposited in banks 56100 06 10 Agents balances of which 1538790 was advanced during the year 52532 64 11 Total net or ledger assets 2877019 74 12 Deduct depreciation from cost of assets to bring same to market value 856 25 13 Total net or ledger assets less depreciation 2876163 49 OTHER ASSETS 14 Interest due 93480 and accrued 17 01161 on mortgages 17946 41 19 Rents due 14900 and accrued 52034 on companys property or lease 669 34 Total carried out 20 Market value of real estate over cost 23 Gross premiums due and ew Business unreported on policies in force December 31 1904 223223 28 24 Gross deferred premiums on policies in force De cember 31 1904 7366 96 18615 75 113501 56 Renewals 87885 83 49256 69 Totals 230590 24 137142 52 25 Deducting loading actual on new and renewals 129129 53 28978 93 26 Net amount of uncollected and deferred premiums 101460 71 108163 59 209624 30 28 Total assets as per the books of the company 3217905 10 ITEMS NOT ADMITTED 52532 64 5 Agents balances 9 Total assets less items not admitted 3165372 46 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest and American expe rience 3 per cent 2542216 00 Deduct net value of risks of this company reinsured in other solvent companies 1705 00 Net reinsurance reserve 2540511 0V 372 COMPTROLLERGENERALS REPORT 2 Premium notes on policies and other ob ligations in excess of the net value of c oon 1CC 5289 15 their policies 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 10000 00 6 Claims for death losses and other policy claims resisted by the company 140 w 7 Death losses reported no proofs received 35500 00 647S9 15 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders A 13 Amount due on account of salaries rents and office ex i t ii iv penses 16 Amount of any other liability of the company viz Pre miums paid in advance 17 Liabilities on policyholders account 26207SG IS 18 Gross surplus on policyholders account deferred sur plus 41038674 54458 6S 19 Total liabilities 3165372 46 Business in Georgia during 190i No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citi zens of Georgia issued during the year 567 1040554 0 Total 1509 3074166 00 Deduct number and amount which have ceased to be in force during the yearJS21 621058 00 Total number and amount of policies in force in Georgia December 31 1904 1188 2453108 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 100 00 Amount of losses and claims on policies in Georgia incurred during the year 10 30000 00 Total 31000 00 Amount of losses and claims on policies in Georgia paid during the year 8 18000 00 Amount of premiums collected or secured in Georgia during the year in cash 7714013 notes or credits 158325 without any deduction for losses dividends commissions or other expenses 78723 38COMPTROLLERGENERALS REPORT STATE MUTUAL LIFE ASSURANCE COMPANY WORCESTER MASS A G Bullock President H M Witter Secretary Principal Office 340 Main Street Worcester Mass Wm A Wbight Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 21713027 11 Extended at 21713027 11 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli icies without deductions for commis sions or other expenses 489308 88 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 3145693 93 3 From dividends applied to pay running premiums see item 11 disbursements 373383 68 2y2 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 121480 92 5 Consideration for annuities other than matured installment policies 5953 75 Total 4135821 16 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 11352 71 renewals 4558867 56941 38 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 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property in cluding 2000000 for companys own occupancy 14 Cash received for profits on sales of bonds or stocks 16 From dividends and surrender values on reinsurances 19 From all other sources viz Consideration for supple mental contracts not involving life contingencies 4078879 78 152744 94 623235 74 119739 38 46301 20 85 23 127164 81 22693 88 567 25 11216 65 Total income 5182628 86874 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including revisionary addi tions 1009654 75 3 Cash paid for matured endowments and additions there t0 196905 54 5 Cash paid for sums falling due during the year on in stallment policies 11662 67 7 Total net amount actually paid for losses and matured endowments 9 Premium notes loans or liens voided by lapse 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 12 Cash dividends applied to purchase paidup additions and annuities seeitem 3 income 13 Surrender values paid in cash Total paid policyholders 2203995 09 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 25097809 renewals 20170725 annuities 22815 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 3215300 inspec tion of risks 262481 Cash paid for salaries and all other compensation of offi cers and other home office employees Cash paid for taxes on new premiums Cash paid for taxes on reserves 2976579 on invest ments 2214176 23 Cash paid for insurance department fees and agents li censes 563025 municipal licenses 73154 24 Cash paid for rent including 2000000 companys occu pancy 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 1300134 printing 18383 53 postage 666906 28 Cash paid for real estate expenses other than taxes 34 40584 for legal expenses 657697 29 Cash paid for the following items viz Agency supervis ion traveling etc 700998 sundries 2559905 pre mium on bonds 4957505 profit and loss 269582 Total miscellaneous expenses 964178 64 20 21 22 1218222 96 6735 00 16536 65 373383 68 121480 92 467635 88 452913 49 66529 68 34777 81 74195 09 33559 97 51907 55 6361 79 46101 64 30229 20 3685 78 38053 93 40982 81 84879 90 30 Total disbursements 3168173 73COMPTROLLERGENERALS REPORT 375 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1715540 00 2 Loans on mortgage first liens on real estate 3502968 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 611445 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1853812 00 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 15435168 00 7 Cash in companys office 2156 43 8 Cash deposited in banks 425642 81 Loans to corporations 180750 00 11 Total net or ledger assets 23727482 24 OTHER ASSETS 14 15 16 Interest due 491951 and accrued 39 57910 on mortgages Interest due and accrued on bonds and stocks Interest due 36672 and accrued 6 35170 on collateral loans 17 Interest due 194733 and accrued 32 97247 on premium notes loans or liens 18 Interest due and accrued on other assets 19 Rents due 61969 and accrued 7977 16 on companys property or lease 44498 61 198588 60 6718 42 34919 80 1668 58 8596 85 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and uew Business unreported on policies in force December 31 1904 60874 98 Gross deferred premiums on policies in force De cember 31 1904 56462 15 24 Renewals 228343 40 318176 16 Totals 117337 13 546519 56 25 Deducting loading 20 per cent on new and 20 per cent on renewals 23467 43 109303 91 26 Net amount of uncollected and deferred premiums 93869 70 437215 65 294990 86 904371 00 531085 35 28 Total assets as per the books of the company 25457929 45376 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest on policies issued prior to January 1 1901 and on the Ameri can table of mortality with 3M per cent interest on policies issued since January 1 1901 2268855100 Deduct net value of risks of this com pany reinsured in other solvent compa 132216 00 mes oQ 22556335 00 Net reinsurance reserve 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 64628 00 6 Claims for death losses and other policy claims resisted by the company 10500 00 8 Present value of unpaid amounts on ma tured installment policies face 87 68700 54816 00 Total policy claims 129944 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders viz Dividends of 1902 1903 1904 left with company with accumula 65633 00 tions 13 Amount due on account of salaries rents and office ex 4000 00 penses 16 Amount of any other liability of the company viz Pre miums paid in advance 5131100 dividends appor tioned but not yet due on fiveyear dividend policies 9832900 149640 00 17 Liabilities on policyholders account 22905552 00 18 Gross surplus on policyholders account 2552377 45 19 Total liabilities25457929 45 21 Estimated surplus accrued on all other policies all shown 2552377 45 Business in the State of Georgia during 1901 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 238 Amount 451018 00COMPTROLLERGENERALS REPORT Number and amount of policies on the lives of citi zens of Georgia issued during the year 163 401 Total Deduct number and amount which have ceased to be in force during the year 51 Total number and amount of policies in force in Georgia December 31 1904 350 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 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 377 278552 00 729570 00 95918 00 633652 00 17 08 17 08 21845 88 THE SUN LIFE INSURANCE COMPANY MONTREAL CANADA T B Macaulay Secretary R Macaulay President Principal Office 1766 Notre Dame Street Montreal Canada j S Cameron Atlanta Attorney for Service in Georgia ICAPITAL STOCK 105000 00 Amount of capital stock paid up in cash Amount of capital stock subscribed but unpaid 595000 00 Amount of net or ledger assets Decem ber 31 of previous year Extended at 14685863 28 14685863 28 nINCOME DUBING YEAB 1904 i Cash received for premiums on new poli cies without deductions for commis sions or other expenses New premiums thrift department 1 Cash received for renewal premiums without deductions for commissions or other expenses Renewal premiums thrift department 3 From dividends applied to pay running premiums see item 11 disbursements S From dividends applied to purchase paidup additions and annuities see item 12 disbursements 675476 22 19206 64 2696360 94 73612 47 31977 51 38073 27378 COMPTROLLERGENERALS REPORT 4 From surrender values applied to pay running premiums see 14 disburse ments 1519 23 5 Consideration for annuities other than matured installment policies 256943 06 Total 3793169 34 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company renewals 379 35 7 Total premium income 3792789 99 8 Cash received for mortgage loans bonds owned and div idends on stock premium notes loans or liens and on other debts due the company 729267 25 13 Cash received for rents for use of companys property in cluding 1000000 for companys own occupancy 17357 44 14 Cash received for profits on sales of bonds or stocks 22383 90 19 Prom all other sources vizPremiums from combined accident policies 137 gl Total income 4561936 19 inDISBURSEMENTS DURING YEAR 1904 1 Gash paid for death claims including revisionary addi tions 3 Cash paid for matured endowments and additions there to 5 Cash paid for sums falling due during the year on in stallment policies 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 12 Cash dividends applied to purchase paidup additions and annuities see item 3y2 income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income Total paid policyholders 1374025 92 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 44271687 renewals 14766016 18 Cash paid for salaries and allowances to managers and agents 751472 71 236136 77 3815 20 991424 68 80357 38 47187 43 31977 51 38073 27 183486 42 1519 23 4 15750 00 590377 03 168298 48COMPTROLLERGENERALS REPORT 379 19 Cash paid for medical examiners fees 5117459 inspec tion risks 200000 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for agency supervision traveling and all other agency expenses 22 Cash paid for directors and auditors fees 23 Cash paid for insurance department fees agents licenses and municipal licenses 24 Cash paid for rent including 1000000 companys occu pancy Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 1043843 printing 18730 04 sundries 989537 Cash paid for legal expenses 29 Cash paid for the following items viz Thrift depart ment expenses 3500605 accident department claims 2000 expenses 1720 Total miscellaneous expenses 1114758 51 26 27 28 30 Total disbursements 53174 59 84040 48 30654 60 14815 48 36982 82 32727 87 9244 06 39063 84 4586 01 35043 25 2488784 43 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1146643 91 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other marketable collaterals 543250 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral Loans made to policyholders under non forfeiture agreements 5 Premium notes loans or liens on policies in force 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 7 Cash in companys office 8 Cash deposited in banks Ground rents Cash deposited with Japanese government 1192054 83 1180 03 10532367 63 38617 09 424597 23 38640 00 74700 00 11 Total 12 Deduct ledger liabilities 13 Total net or ledger assets 16805784 86 46769 82 16759015 04m mm M 380 COMPTROLLERGENERALS REPORT OTHER ASSETS 14 Interest due 1811189 and accrued 50 00466 on mortgages 68116 55 15 Interest due 4677246 and accrued 97 96844 on bonds and stocks 144740 90 16 Interest accrued on collateral loans 4626 75 17 Interest due 44840 and accrued 3 36649 on premium notes loans or Hens 3814 89 19 Interest due 516062 and accrued 6 06013 on companys property or lease 11220 75 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 147301 77 228077 92 24 Gross deferred premiums on policies in force De cember 31 1904 41975 76 146320 68 Totals 189277 53 374398 60 25 Deducting loading 20 per cent on new and 20 per cent on renewals 37855 51 74879 72 26 Net amount of uncollected and deferred premiums 232519 84 362515 32 151422 02 299518 450940 90 28 Total assets as per the books of the company 17804991 10 VLIABILITIES 1 Net present value of all outstanding pol icies in force on the 31st day of De cember 1904 computed according to the American table of mortality with 4 per cent and 3 per cent interest 16231151 12 Deduct net value of risks of this comp pany reinsured in other solvent compa nies 2621 23 Net reinsurance reserve 16228529 89 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 143824 26 7 Amounts due and unpaid on annuity claims 4553 19 8 Present value of unpaid amounts on ma tured installment policies 55009 02 Total policy claims 203386 47COMPTROLLERGENERALS REPORT 381 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 4b 11 Amounts of unpaid dividends to stockholders due Janu ary 1st 1905 7875 16 Amount of any other liability of the company viz Pre miums paid in advance 5383463 unearnedpremi ums accident department 8256 53917 19 17 Liabilities on policyholders account Ifi J 18 Gross surplus on policyholders account 127944b w 17804991 10 19 Total liabilities 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 949099 21 21 Estimated surplus accrued on all other policies 22534688 Business in the State of Georgia during 1904 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citi zens of Georgia issued during the year 488 965571 00 Total 1083 2051034 00 Deduct number and amount which have ceased to be j 339 627766 00 in force during the year 6y Total number and amount of policies in force in Georgia December 31 1904 744 1423268 00 Amount of losses and claims on policies in Georgia incurred during the year 6 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 46282 77 V 382 COMPTROLLERGENERALS REPORT THE TRAVELERS LIFE INSURANCE COMPANY OF CONNECTICUT S C Dunham President John E Morris Secretary Home Office 56 Prospect Street Hartford Conn ICAPITAL STOCK Amount ot ledger assets as per bal ance December 31 of previous year 31065628 38 Voluntary reduction by company in book value of securities 171790 13 Extended at 30893838 25 IIINCOME 1 First years premiums on original poli cies without deduction for commissions or other expenses less 816540 for first years reinsurance 840358 81 2 Surrender values applied to pay first years premiums 1250 75 3 Total first years premiums on original policies 841609 56 6 Consideration for original annuities in volving life contingencies 19843 08 8 Total new premiums 861452 64 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 12332398 for reinsurance on renewals 3976764 22 10 Dividends applied to pay renewal premi ums 986 01 11 Surrender values applied to pay renewal premiums 94 63 12 Renewal premiums for deferred annuities 1214 34 13 Total renewal premiums 3979059 20 14 Total premium income 4840 511 84 15 Consideration for supplementary contracts not involving life contingencies 376005 00 18 Interest on mortgage loans 439765 38 19 Interest on collateral loans 50574 50 20 Interest on bonds and dividends on stocks 887017 63 COMPTROLLERGENERALS REPORT 383 21 Interest on premium notes policy loans or liens 22 Interest on other debts due the company 23 Discount on claims paid in advance 24 Rent from companys property including 1500000 for companys own occupancy 141431 51 45092 25 1835 93 62936 06 25 Total interest and rents 1628653 26 26 Profit on sale or maturity of ledger assets 31513 57 28 Total income 6876683 67 IIIDISBURSEMENTS 1 For death claims less 12900000 reinsurance 1789094 02 2 For matured endowments less 1108400 reinsurance 425081 76 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies Surrender values paid in cash Surrender values applied to pay new premiums see in come No 2 125075 to pay renewal premiums see income No 11 9463 10 Dividends applied to pay renewal premiums see income No 10 Total paid policyholders 2481702 98 Paid for claims on supplementary contracts not involv ing life contingencies Commissions and bonuses to agents less commission on reinsurance first years premiums 40596023 re newal premiums 19955214 on annuities original 84699 renewal 4872 Commuting renewal commissions Salaries and allowances for agencies including man agers agents and clerks Agency supervision traveling and all other agency ex penses 19 Medical examiners fees 20 Salaries and all other compensation of officers and home office employees 21 Rent including 1500000 for companys own occupancy 22 Advertising 1449472 printing and stationery 17937 46 postage 1299102 23 Legal expenses 24 Furniture fixtures and safes 236302 expense 11300 54 25 Insurance taxes licenses and department fees 26 Taxes on real estate 27 Repairs and expenses other than taxes on real estate 29 All other disbursements Profit and loss 6 7 12 13 15 16 17 18 2214175 78 20967 90 244227 yi 1345 38 9S6 Ox 1117j2 17 606408 08 21000 00 46084 42 30730 24 56055 01 89025 36 17199 18 45423 20 3578 17 13663 56 62475 17 18039 21 87093 14 116 52 30 Total disbursements 3690306 41 384 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 1 Book value of real estate unincumbered 697665 74 2 Mortgage loans on real estate first liens 8920132 05 3 Loans secured by pledge of bonds stocks or other collat eral 972812 16 4 Loans made to policyholders on this companys policies assigned as collateral 2802104 00 5 Premium notes on policies in force 16413 90 6 Book value of bonds excluding interest 1758266081 stocks 201568713 19598347 94 7 Deposited in trust companies and banks on interest 1060823 S2 8 Cash in companys office 5390 38 9 Agents balances 6525 52 10 Total ledger assets 34080215 51 XONLEDGER ASSETS 11 Interest accrued but not due on mort gages 127780 33 12 Interest accrued but riot due on bonds and stocks 134947 50 13 Interest accrued but not due on collateral loans 8849 56 17 Total interest and rents accrued but not due 19 Market value not including interest in item 12 of bonds and stocks over book value 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1904 22280 96 318146 19 22 Gross deferred premiums on policies in force De cember 31 1904 57261 72 446033 9S 23 Totals 79542 68 764180 17 24 Deduct loading 8 per cent 6363 41 61134 41 25 Net amount of uncollected and deferred premiums 73179 27 271577 39 431485 91 703045 76 776225 U3 27 Gross assets 35559503 S4 DEDUCT ASSETS OT ADMITTED 30 Agents debit balances 6525 52 36 Total admitted assets 35552978 32COMPTROLLERGENERALS REPORT 385 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the com pany on the American experience table of mortality with 3 per cent interest 32363934 00 Same for revisionary additions 1007 00 Same for annuities including those in reduction of premiums 193675 00 Total 32558616 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 754026 00 31804590 00 Net reserve v 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by 1896465 00 the company 5 Claims for death losses in process of ad justment or adjusted and not due 14945 40 6 Claims for death losses which have been reported and no proofs received 45433 74 7 Claims for matured endowments due and 2456 00 unpaid 8 Claims for death losses and other policy claims resisted by the company 2000 00 64835 14 10 Total policy claims 12 Premiums paid in advance including surrender values i 4DflOi Oil so applied 14 Cost of collection on uncollected and deferred premi ums in excess of the loading thereon 300 l 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac 15000 OU crued 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 33835627 58 1 717 350 74 24 Unassigned funds surplus 35552978 32 25 Total liabilities Business in the State of Georgia during 1901 No Amount Policies on the lives of citizens of said State in force December 31 of previous year W1S UD0 25 inWBBSSmSm SAfcAwaJitaato UT 386 COMPTROLLERGENERALS REPORT Policies on the lives of citizens of said State issued during the year 209 637091 00 Total 1528 f 5407556 00 Deduct ceased to be in force during the year 86 310707 00 Policies in force December 31 1442 5096849 00 Losses and claims unpaid December 31 of previous year 3 5700 00 Losses and claims incurred during the year 37 76926 86 Total 40 82626 86 Losses and claims settled during the year in cash 39 79626 86 Losses and claims unpaid December 31 1 3000 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expensesg 174735 80 THE UNION CENTRAL LIFE INSURANCE COMPANY CINCINNATI O John M Pattison President E P Marshall Secretary Principal Office Cincinnati O Isaac H Haas Atlanta Attorney for Service in Georgia ICAPITA STOCK 1 Amount of capital stock paid up in cashg 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 36957220 10 Extended at g 36957220 10 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expensesg 753984 22 I1 Cash received for renewal premiums without deductions for commissions or other expenses 3715746 58 2 Premium notes loans or liens taken in part payment for premiums on new pol lcies 581353 23 lj Premium notes loans or liens taken in part payment for renewal premiums 2183267 73COMPTROLLERGENERALS REPORT 387 3 From dividends applied to pay running premiums see item 11 disbursements 3y2 Prom dividends applied to purchase paidup additions and annuities see item 12 disbursements 4 From surrender values applied to pay running premiums see item 14 dis bursements 4y2 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 5 Consideration for annuities other than matured installment policies 234227 61 128351 24 19893 34 67375 89 1000 00 Total 7464854 63 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 6042284 renewals 15992237 220345 21 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 12 Cash received as discount oa claims paid in advance 13 Cash received for rents for use of companys property including 5000 for companys own occupancy 19 From all other sources viz Consideration for supple mentary contracts not involving life contingencies Total income mDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 1693817 82 2 Premiums notes loans or liens used in payment of the same 20455 91 3 Cash paid for matured endowments and additions thereto 5 Cash paid for sums falling due during the 7464854 63 1960672 97 400 00 339215 15 33732 47 538 36 27496 85 124980 00 9951890 43 year on installment policies 19366 16 Total 2259212 50 388 COMPTROLLERGENERALS REPORT 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 74500 00 9 91 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2G 27 28 29 Total net amount actually paid for losses and matured endowments 2184712 50 Cash paid to annuitants 21229 01 Premium notes loans or liens used in purchase of sur rendered policies 355796 voided by lapse 239 71774 243275 70 i Premium notes loans or liens used in payment of divi dends to policyholders 1425 65 Cash dividends paid policyholders 190360 60 Cash dividends applied to pay running premiums see item 3 income 234227 61 Cash dividends applied to purchase paidup additions and annuities see item 2 income 128351 24 Surrender values paid in cash 178950 26 Surrender values applied to pay running premiums see item 4 income 19893 34 Surrender values applied to purchase paidup insurance and annuities see item 4 income 67375 89 Total paid policyholders 326980180 Cash paid stockholders for interest or dividends 10000 00 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 60060284 renewals 38465359 98525G 43 Cash paid for salaries and allowances to managers and agents 4541S 44 Cash paid for medical examiners fees 67919 7ft Cash paid for salaries and all other compensation of offi cers and other home office employees 157357 08 Cash paid for taxes on new premiums and renewals 111100 29 Cash paid for taxes on reserves 245295 on invest ments 774640 10199 35 Cash paid for insurance department fees and agents li censes and municipal licenses 17448 39 Cash paid for rent including 5000 companys occu pancy 30884 11 Cash paid for furniture fixtures and safes for home and agency offices 4299 69 Cash paid for advertising 1408477 printing 30249 31 postage 863076 52964 84 Cash paid for real estate expenses other than taxes 13 08379 for legal expenses 827364 21357 43 Cash paid for the following items viz Agency expense 3341508 mortgage loan expense 22350297 gen eral expense 1632065 profit and loss 2111826 294356 96 Total miscellaneous expenses 1808562 71 30 Total disbursements 5078364 51 COMPTROLLERGENERALS REPORT 389 jVASSETS AS PEE LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances J 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force of which 32849774 was received during the year 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances 555173 14 35442335 23 3954169 02 157965 55 10000 00 137291 84 45409 02 111402 22 11 Total net or ledger assets41830746 02 14 OTHER ASSETS Interest due 7309659 and accrued 1 16824221 on mortgages 15 Interest accrued on bonds and stocks 17 Interest due 1170630 and accrued 18585679 on premium notes loans or liens 19 Rents due 62765 and accrued 1933 18 on companys property or lease 100 00 197563 09 2560 83 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and New Business unreported on policies in force December 31 1904 301567 45 366567 78 24 Gross deferred premiums on policies in force De cember 31 1904 12698 00 Renewals 93228 17 Totals 25 Deducting loading 20 per cent on new and 20 per cent on renewals 314265 45 459795 95 62853 09 91959 19 1441562 72 44328 23 575 00 26 Net amount of uncollected fiiq4qi2 and deferred premiums 251412 36 367836 7624912 28 Total assets as per the books of the company 43936461 09 5 Agents balances 7 Bills receivable ITEMS NOT ADMITTED debitI I22196 84 45409 02 i 390 COMPTROLLERGENERALS REPORT 8 Supplies printed matter stationery and arbitrary reduction of 10 per cent on book value of real estate 55517 31 Total 223123 17 9 Total assets less items not admitted 43713337 92 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 computed according to the actuaries table of mortality with 4 per cent interest and American table with 3 per cent interest 36427279 00 Deduct net value of risks of this company reinsured in other solvent companies 522324 00 Net reinsurance reserve 35904955 00 3 Claims for death losses due and unpaid 5000 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 76998 78 6 Claims for death losses and other policy claims resisted by the company 49290 00 8 Present value of unpaid amounts on ma tured installment policies face 446 15000 256796 00 Total policy claims 388084 78 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 21728 38 11 Amount of unpaid and deferred premiums on reinsured policies net 40700 00 16 Amount of any other liability of the company viz Pre miums paid in advance 8877641 commissions due agents on payment of outstanding notes 22001105 308787 46 17 Liabilities on policyholders account 36664255 62 18 Gross surplus on policyholders account 7049082 30 19 Total liabilities 43713337 92 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of Policies 5206503 00 2L Estimated surplus accrued on all other policies 2742579 30COMPTROLLERGENERALS REPORT Business in Georgia during 1904 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citi zens of Georgia issued during the year LZ m n 4404 Total Deduct number and amount which have ceased to be in force during the year Total number and amount of policies in force in Georgia December 311904 3720 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 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 391 Amount 5323377 00 2152520 00 7475897 00 1171697 00 6304200 00 105500 00 103000 OP 218616 21 UNION MUTUAL LIFE INSURANCE COMPANY PORTLAND MAINK FBED E Richabds President J Fbank Lang Secretary Home Office 396 Congress Street Portland Maine ICAPITAL STOCK Amount of ledger assets as per balance December 31 of previous year 9686592 M Extended at IIINCOME 1 First years premiums on original policies without deduction for commissions or other expenses 4 Dividends applied to purchase paidup ad ditions and annuities 5 Surrender values applied to purchase paidup insurance and annuities 6 Consideration for original annuities in volving life contingencies 401912 03 8 Total new premiums392 COMPTROLLERGENERALS REPORT 0 Renewal premiums in addition to items 10 and 11 without deduction for com missions or other expenses less 1086 08 for reinsurance on renewals 1713262 31 10 Dividends applied to pay renewal pre miumsI 33490 70 11 Surrender values applied to pay renewal premiums 5785 47 13 Total renewal premiums 14 Total premium income 15 Consideration for supplementary contracts not involving life contingencies 17 Premium notes loans or liens restored by revival of poli cies 18 Interest on mortgage loans 60910 71 19 Interest on collateral loans 39450 07 20 Interest on bonds and dividends on stocks 252701 88 21 Interest on premium notes policy loans or liens 4310 81 22 Interest on other debts due the company 4179 78 23 Discount on claims paid in advance 323 86 24 Rent from companys property including 10500 for companys own occupancy 60943 50 1752538 48 2154450 51 1770 00 1799 79 25 Total interest and rents 422820 61 28 Total income 2580840 91 IIIDISBURSEMENTS 1 For death claims 68296571 additions 758279 690548 50 2 For matured and discounted endowments 9583132 additions 867088 104502 20 3 Net amount paid for losses and matured and discounted endowments 795050 70 4 For annuities involving life contingencies 1847 08 5 Premium notes voided by lapse short time notes 16 01405 17813 84 6 Surrender values paid in cash 121557 12 7 Surrender values applied to pay renewal premiums see income No 11 5j85 47 8 Surrender values applied to purchase paidup insurance and annuities see income No 5 18996 78 8 Collateral loan on policy notes voided by lapse 17646 28 9 Dividends paid to policyholders in cash 33507 14 COMPTROLLERGENERALS REPORT 393 10 Dividends applied to pay renewal premiums see income No 10 33490 70 11 Dividends applied to purchase paidup additions and an nuities see income No 4 39897 62 12 Total paid policyholders 1085592 73 13 Paid for claims on supplementary contracts not involv ing lite contingencies 4243 31 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 21240408 re newal premiums 11227654 on annuities original 23970 324920 32 16 Commuting renewal commissions 2222 31 17 Salaries and allowances for agencies including man agers agents and clerks 94822 71 18 Agency supervision traveling and all other agency ex penses 16231 32 19 Medical examiners fees 35436 50 20 Salaries and all other compensation of officers and home office employees 88707 88 21 Rent including 10500 for companys own occupancy 29361 24 22 Advertising 752119 printing and stationery 18515 53 postage 646975 32506 47 23 Legal expenses 5885 93 24 Furniture fixtures and safes 2687 93 25 Insurance taxes licenses and department fees 43549 92 26 Taxes on real estate 12506 59 27 Repairs and expenses other than taxes on real estate 17563 83 29 All other disbursements Miscellaneous expenses 19 36751 traveling expenses officers and clerks 2399 63 profit and loss on real estate 25000 on stocks and bonds 3327662 on bills receivable 1455 oh miscellaneous 436489 85863 65 30 Total disbursements 1882102 64 IVLEDGER ASSETS 1 Book value of real estate unincumbered 1262302 57 2 Mortgage loans on real estate first liens 1231666 76 3 Loans secured by pledge of bonds stocks or other col lateral 688459 51 4 Loans made to policyholders on this companys policies assigned as collateral 204842 06 5 Premium notes on policies in force including 5990427 short time notes taken in settlement of premiums 137459 27 6 Book value of bonds excluding interest 415354148 stocks 262993076 6783472 24 7 Deposited in trust companies and banks on interest 15739 59 8 Cash in companys office 86747 deposited in banks not on interest 5437005 55237 52 394 COMPTROLLERGENERALS REPORT 9 Bills receivable net 541341 cash in transit Decem ber 31 1904 since received 73787 6151 28 10 Total ledger assets NONLEDGEB ASSETS 11 Interest due 10500 and accrued 17 42121 on mortgages 12 Interest accrued on bonds and stocks 13 Interest due 113250 and accrued 2 85485 on collateral loans 14 Interest due 291249 and accrued 1 98117 on premium notes policy loans or liens 15 Interest due 69387 and accrued 5 50028 on other assets 16 Rents accrued on companys property or lease 10385330 80 17526 21 51155 39 3987 35 4893 66 6194 15 2773 45 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 New Business Renewals unreported on policies in force December 31 1904 47705 27 131528 44 22 Gross deferred premiums on policies in force De cember 31 1904 28127 74 122514 24 Totals 75833 01 254042 68 24 Deducting loading 20 per cent 15166 60 50808 54 86530 21 373419 71 25 Net amount of uncollected and deferred premiums 60666 41 203234 14 263900 55 27 Gross assets 1110918127 DEDUCT ASSETS NOT ADMITTED 30 Agents debit balances net 5413 41 36 Total admitted assets11103767 86 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1904 as computed by the com pany on the actuaries table of mor tality with 4 per cent interest priorCOMPTROLLERGENERALS REPORT 395 to January 1 1901 877401800 sub sequent to January 1 1901 on the American table of mortality with 3 per cent interest 132016900 10094187 00 Same for revisionary additions 223259 00 Same for annuities including those in reduction of premiums 14240 00 Total 10331686 00 Deduct net value of risks of this company reinsured in other solvent companies 3525 00 Net reserve 10328161 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies 27797 00 5 Claims for death losses in process of ad justment or adjusted and not due 45295 29 6 Claims for death losses which have been reported and no proofs received 54888 41 7 Claims for matured endowments due and unpaid 6400 60 8 Claims for death losses and other policy claims resisted by the company 1000 00 10 Total policy claims 107584 30 12 Premiums paid in advance including surrender values so applied net 2520 82 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 6088 58 22 Other liabilities Unpaid bills 1000 contingent re serve 1900 premium obligation in excess of reserve 181400 1833 00 24 Unassigned funds surplus 635196 57 25 Total liabilities 11109181 27 Business in Georgia during 190Jt No Amount Policies on the lives of citizens of said State in force December 31 of previous year 8 16207 57 Policies on the lives of citizens of said State issued during the year 85 147610 11 Total 93 163817 68 Deduct ceased to be in force during the year 3 6500 00 Policies in force December 31 90 157317 68 Premiums collected or received in cash and notes or credits without deduction for losses dividends or other expenses 3359 06gSiS5g 396 COMPTROLLERGENERALS REPORT VOLUNTEER STATE LIFE INSURANCE COMPANY CHATTANOOGA TENNESSEE t A S Caldwell Secretary Z C Patten President A Principal Office Chattanooga Tenn ICAPITAL STOCK Amount ot capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous year Extended at 239307 64 239307 64 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses Cash received for renewal premiums without deductions for commissions or other expenses IV2 54603 93 8776 23 Total 63380 16 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1027 69 7 Total premium income T 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on notes loans or liens 11 Cash received for interest on other debts due the com pany Total income 1 62352 47 989 94 5205 00 2534 89 21 6S 71103 98 jnDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including revisionary addi tions 17 Cash paid for commissions and bonuses to agents 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 compensation of offi cers and other home office employees 5784 00 26049 43 9004 24 4124 00 27272 91COMPTROLLERGENERALS REPORT 397 23 Cash paid for insurance department fees and agents li censes and municipal licenses 24 Cash paid for rent companys occupancy 2G Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 217984 printing 323631 postage 45956 29 Cash paid for the following items viz Agency super vision traveling and other agency expenses 12844 32 repairs 1998 actuary 129786 telegrams 6201 telephone 30510 express 7700 miscella neous expenses 173942 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate3 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances 11 Total net or ledger assets OTHER ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 445 00 72 90 1147 34 Total carried out 24 Gross deferred premiums on policies in force December 31 1904 18777 47 25 Deducting loading 10 per cent 1877 74 26 Net amount of uncollected and deferred premiums 968 15 1242 04 1084 15 5875 71 16345 69 97750 32 44500 00 26635 30 109679 00 50 00 26507 87 5289 13 212661 30 1665 24 16899 73 28 Total assets as per the books of the company 231226 27 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to the actuaries table of mortality with 4 per cent in terest 8j295 89 17 Liabilities on policyholders account 200000 00 18 Gross surplus on policy holders account 22930 38 19 Total liabilities 231226 27398 COMPTROLLERGENERALS REPORT WASHINGTON LIFE INSURANCE COMPANY NEW YORK N Y John Tatlock President B F Ellsworth Acting Secretary Principal Office 141 Broadway New York Eugene R Ellis Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 500000 00 Amount of net or ledger assets December 31 of previous year16255532 06 Increase of capital during 1904 7500 shares of 5000 each at a premium of 75 per cent Amount in adjustment of real estate to conform with appraisal by New York Insurance Department November 30 1904 656250 00 136195 07 Extended at 17047977 13 nINCOME DURING YEAR 1904 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 397145 61 1 Cash received for renewal premiums without dedu tions for commissions or other expenses 3 From dividends surrendered to pay running premiums see item 11 disbursements 31 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 4V From surrender values applied to purchase paidup in surance and annuities see item 15 disbursements 5 Consideration for annuities other than matured install ment policies 2111346 24 56209 20 88921 00 74552 17 5242 03 7 Total premium income 2733416 01 8 Cash received for interest on mortgage loans 398387 13 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com 11793 50 97029 19 pany 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property in cluding 50000 for companys own occupancy 19 From all other sources viz Consideration for supple mentary contracts not involving life contingencies 11944 16 1694 04 374453 40 7400 00 Total income 3636117 43 COMPTROLLERGENERALS REPORT 399 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death claims including re visionary additions 1067784 09 3 Cash paid for matured endowments and additions thereto 837 220 44 11 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Cash dividends surrendered to pay running premiums see item 3 income 12 Cash dividends applied to purchase paidup additions and annuities see item 3y2 income 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities see item 4y2 income Total paid policyholders 2412960 00 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 20508463 renewals 14137641 on annuities 6000 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 3260922 in spection of risks 680370 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on premiums 3610865 franchise 23265 22 Cash paid for taxes on reserves 215138 on real estate 6274266 23 Cash paid for insurance department fees and agents li censes 527558 municipal licenses 432472 24 Cash paid for rent including 50000 companys occu pancy 26 Agency and office expenses 27 Cash paid for advertising 937999 printing 957480 postage and exchange 1447671 28 Cash paid for real estate expenses other than taxes 12245525 for legal and special actuarial expenses 1513695 Cash paid for the following items viz Claims not in volving life contingencies 14305 profit and loss 2212463 Total miscellaneous expenses 1151791 98 29 1955004 53 45624 74 56209 20 88921 00 192648 36 74552 17 8750 00 346521 04 178433 53 39412 92 156113 26 36341 30 64894 04 9600 30 75634 05 42980 16 33431 50 137592 20 22267 68 30 Total disbursements 3564931 98 400 COMPTROLLERGENERALS REPORT IVASSETS AS PER LEDGES ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 6 476 284 00 2 Loans on mortgage first liens on real estate 6732400 i Loans made in cash to policyholders 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 companys office 8 Cash deposited in banks 10 Agents ledger balances 6789 59 1760359 75 45617 98 13 Total net or ledger assets 17119162 58 OTHER ASSETS 14 Interest due 16500 and accrued 42 88897 on mortgages 15 Interest accrued on bonds and stocks 17 Interest due 899897 and accrued 14 12536 on premium notes loans or liens 19 Rents due 1678082 and accrued 15 14584 on companys property or lease Total carried out 23 Gross premiums due and New Business unreported on policies in force December 31 1904 24 Gross deferred premiums on policies in force De cember 31 1904 17516 11 4642 46 Totals 25 Deducting loading 20 per cent on new and 20 per cent on renewals 4431 72 26 Net amount of uncollected and deferred premiums5 17726 85 593S8 97 1387 83 23124 33 31926 66 Renewals 166107 13 202258 45 22158 57 368365 5S 73673 12 294692 46 115827 79 312419 31 28 Total assets as per the books of the company 17547409 8S ITEMS NOT ADMITTED 5 Agents balances 8 Depreciation in value of bonds owned 45617 98 15347 50 Total 60965 48 9 Total assets of the company less items not admitted 17486444 20COMPTROLLERGENERALS REPORT 401 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed according to the actuaries table or mortality with 4 per cent interest and American 3 and 3 per cent 16737235 00 3 Claims for death losses reported no proofs received 62165 10 4 Claims for matured endowments due and unpaid 33918 62 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 34282 10 Total policy claims 130365 82 15 Surrender values claimable on policies cancelled whose reserves not included in item 1 2792 00 16 Amount of any other liability of the company viz Pre miums paid in advance 599954 unearned interest on policy loans 1677533 bills or indebtedness ac crued 1796051 40735 38 17 Liabilities on policyholders account 16911128 20 18 Gross surplus on policyholders account 575310 00 19 Total liabilities 17486444 20 Business in Georgia during 190 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 553 909741 M Number and amount of policies on the lives of citi zens of Georgia issued during the year 118 313300 00 Total 671 1223041 00 Deduct number and amount which have ceased to be in force during the year 97 218194 00 Total number and amount of policies in force in Georgia December 31 1904 574 1004847 00 Amount of losses and claims on policies in Georgia incurred during the year 5 38768 00 Amount of losses and claims on policies in Georgia paid during the year 5 38768 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 34256 99 402 COMPTROLLERGENERALS REPORT AMERICAN ASSURANCE ASSOCIATION ATLANTA GA H C Bubmann President B P Burns Secretary Principal Office 710711712 Gould Building Atlanta Ga J B Stewakt Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of ledger assets December 31 of previous year 659 80 IIINCOME DURING YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees i fi Q7 7fi 3 Weekly assessments xui Total income 16798 76 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 4757 38 2 Annual payments and assessments re turned to members 31 85 Total paid to members 4789 23 3 Commissions and fees retained by or paid to agents 9211 94 4 Commissions and fees retained by or paid to officers and directors 762 90 6 Medical examiners fees whether paid di rect by members or otherwise 780 00 7 Salaries and other compensation of offi cers and other office employees 208 00 8 Rent 42000 taxes 35455 774 55 10 Blanks and printing 157 27 Total expenses 11957 66 Total disbursements 16746 SO IVINVESTED ASSETS 6 Cash in office 654 17 8 Agents ledger balances 57 50 Total net or ledger assets 711 67COMPTROLLERGENERALS REPORT VCONTINGENT ASSETS 19 Weekly payments or premiums due and unpaid on memberships in force 372 70 20 Weekly payments or premiums in process of collection not yet due 17320 40 21 Total due from members 17693 10 22 Deduct estimated cost of collection 20 per cent 3538 62 23 Net amount due from members Total assets VILIABILITIES 8 To officers or others for advances on account of expenses of organization Total liabilities Business in Georgia during 1904 No Policies or certificates in force December 31 1903 4168 Policies or certificates written during the year 1904 6955 Total 11123 Deduct number and amount which have ceased to be in force during 1904 6539 Total policies in force December 31 1904 4584 Losses and claims on policies or certificates incurred during the year 1904 L236 Losses and claims on policies or certificates paid during the year 1904 123 403 14154 48 14866 15 1488 73 1488 73 Amount 166930 00 243430 00 410360 00 241120 00 169240 00 4757 38 4757 38 AMERICAN INSURANCE COMPANY ATLANTA GA M T LaHatte President W W Foeeacre Secretary Principal Office Temple Court Atlanta Ga J A Branch Atlanta Attorney for Service in Georgia 1balance sheet Amount of net or ledger assets December 31 of previous year I 3590 SO mm 404 COMPTROLLERGENERALS REPORT IrINCOME DURING THE YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 2 Annual dues Total paid by members 7 Cash received from all other sources viz From guaran tors 49939 increase guarantee fund 257981 Total income IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 2 Annual payments and assessments re turned to members dividends 9G 30 57 96 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 8 Rent 12000 taxes 10900 9 Advanced to officers and agents to be re paid out of future salaries or commis sions 10 Advertising 450 blanks and printing 5035 2016 13 26 39 229 00 26 60 60 85 Total expenses Total disbursements IVINVESTED 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 9 All other ledger assets viz Balance guarantee fund 1747 65 569 05 2316 70 3079 20 5395 90 154 26 235S 91 2513 23 Total net or ledger assets VILIABILITIES 4 Losses resisted by the company number of claims 2 8 To officers or others for advances on account of expenses of organization Total liabilitiesS 1100 00 1000 00 473 47 4000 00 6473 47 320 00 270 00 690 00 COMPTROLLERGENERALS REPORT Business in Georgia during 190b 405 No Amount Policies or certificates in force December 31 1904 355 88810 00 Policies or certificates written during the year 1904 219 7156 00 Total policies in force December 31 1904 88810 00 THE ATLANTA MUTUAL INSURANCE ASSOCIATION OF GEORGIA A F Hbbndon President J H Crew Secretary Principal Office 202 Auburn Avenue Atlanta Ga Hon W A Wright Atlanta Attorney for Service in Georgia IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 5500 00 Total net or ledger assets 5500 00 VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost 500 00 Total assets 500 00 ATHENS MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA H H Carlton President A L Brooks Secretary Principal Office 24 Clayton Street iiassets 7 Amount of other loans stocks loans transferred to com pany as surplus fund 3800 00 12 Cash in companys principal office 309 76 13 Cash belonging to the company deposited in Athens Savings Bank 2982 21 Total cash items 3291 97 14 Amount of premium notes upon which policies have been issued 1735 50 17 Cash in hands of agents and in course of transmission 1100 80 Office furniture and fixtures 355 00 Total assets of the company actual cash market value 10283 27mmmmmmmmmmamii iuiiimmmmmm 406 COMPTROLLERGENERALS REPORT IIILIABILITIES 7 Gross premiums without any deduction received and re ceivable upon all unexpired fire risks runnning one year or less from date of policy 881928 unearned premiums 50 per cent 15 Dividends declared and remaining unpaid or uncalled for 20 Total amount of all liabilities except net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DITRINO THE YEAR 1 Gross premiums and bills in course of col Fire Eiks lection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 308 55 112 61 3 Net collected 4 Gross premiums on risks written and re newed during the year 195 94 9097 74 5 Total G Deduct premiums and bills in course of collection at this date 9293 68 1100 80 7 Entire premiums collected during the year 8 Deduct return premiums 8192 88 278 46 Deduct premium notes 1904 on hand 7914 42 1622 89 9 Net cash actually received for premiums carried out 12 Income received from all other sources omitting in crease if any in value of securities viz From premi um notes and premiums of 1903 collected 15 Aggregate amount of income actually received during the year in cash 4409 64 56 30 4465 94 5817 33 10283 27 6291 53 2014 02 8305 55 VBXPENMTUBES DUEING THE YEAR 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount ot stockholders dividends declared during the year 6 Paid for commissions or brokerage 1203 13 1047 40 1060 62COMPTROLLERGENERALS 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 office rent traveling expenses and all other incidental expenses Aggregate amount of actual expenditures during the year in cash 407 1002 18 137 28 752 40 5203 01 THE BANKERS HEALTH AND LIFE INSURANCE CO MACON OA P L Hay President P C Cabnks Secretary Principal Office 613 Poplar Street Macon Ga P C Carnes Macon Attorney for Service in Georgia IIINCOME DURING THE YEAR Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 274 70 2 Annual dues 1824 70 Total paid by members 293 40 7 Cash received from all other sources viz Amount put in by president and secretary for purpose of organiza tion 1200 00 Total income 3299 4ft IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 719 00 Total paid to members 719 00 5 Salaries and traveling expenses of man agers of agencies and general special and local agents 1584 25 8Rent G0 00 10 Advertising 4150 blanks and printing 16500 20 50 Total expenses l8o 75 Total disbursements 2569 7ivdSffc fasaKfrMifi iitfihft HEK3 40g COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 6 Cash in office All other deposits American National Bank 10 Total net or ledger assets VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 89 65 21 Total due from members 89 65 22 Deduct estimated cost of collection 20 00 23 Net amount due from members I 24 All other assets viz Office fixtures Total assets VILIABILITIES 8 To officers or others for advances on account of expenses of organization Business in Georgia during 1904 No Policies or certificates written during the year 1904 2288 Deduct number and amount which have ceased to be in force during 1904 817 Total policies in force December 31 1904 1471 Losses and claims on policies or certificates incurred during the year 1904 246 Losses and claims on policies or certificates paid during the year 1904 246 429 65 300 00 729 65 69 65 117 00 186 65 1200 00 Amount 50336 00 17974 00 32362 00 719 00 719 00 THE COTTON MILL MUTUAL FIRE INSURANCE COMPANY OF AU GUSTA GA Jas P Veedeey President P A Rhodes Secretary Buy an Cumming Augusta Attorney for Service in Georgia IIASSETS 11 Total amount loaned on stocks bonds and all other se curities except mortgages 13 Cash belonging to the company deposited in bank Na tional Exchange Bank of Augusta 326535 Augusta Savings Bank 205359 Merchants Bank of Augusta 100000 total cash items 8700 00 6318 94COMPTROLLERGENERALS REPORT 409 16 Interest due and accrued and uncollected n Cash in hands of agents and in course of transmission All other assets both real and personal viz Contin gent fund Total assets of the company actual cash market value 240 40 2396 24 105970 25 123625 83 IIILIABILITIES 1 Losses due and unpaid 7 Gross premiums without any deduction received and re ceivable upon all unexpired Are risks running one year or less from date of policy 2118530 unearned pre iums 50 per cent 20 Total amount of all liabilities except net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR 3 Net collected 4 Gross premiums on risks written and re newed during the year Fire Risks 1308 06 24670 60 3 35 10592 65 10596 00 113029 83 123625 83 5 Total 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected during the year 3 Deduct reinsurance and return premiums 25978 66 2396 24 22582 42 9450 83 9 Net cash actually received for premiums carried out 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting in crease if any in value of securities 15 Aggregate amount of income actually received during the year in cash vEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 5818 losses occurring in previous years 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 13131 59 434 39 915 26 14481 24 3589 45 4649 95 410 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during 190 Risks written Premiums received gross Losses paid Losses incurred 216 43 1130 43 958G 26 595473 00 4694 56 88 61 91 96 THE CONTINENTAL AID ASSOCIATION B M Cboss President LeRoy Smith Secretary Principal Office Grant Building Atlanta Ga B M Cross Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31 of previous year 699 89 IIINCOME DURING THE YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 528 80 2 Annual dues 8606 80 Total paid by members 9135 60 7 Cash received from all other sources viz Donations from officers 561 45 Total income 9697 05 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 2218 94 Total paid to members 2218 94 5 Salaries and traveling expenses of managers of agencies and general special and local agents 6430 74 8 Rent 24540 taxes 17827 423 6TCOMPTROLLERGENERALS REPORT 10 Blanks and printing 11 All other items viz Miscellaneous expenses 36013 loss and gain 330 Total disbursements IVINVESTED ASSETS 2 Loans on bond and mortgage first liens on real estate 6 Cash in office 8 Agents ledger balances 9 All other ledger assets viz Furniture and fixtures 10 Total net or ledger assets VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 20 Annual payments or premiums in process of collection not yet due 4771 70 234 25 21 Total due from members 22 Deduct estimated cost of collection 5005 95 1001 19 23 Net amount due from members Total assets VILIABILITIES G For salaries rents and office expenses Total liabilities 411 129 90 3G3 43 9566 68 500 00 108 83 72 51 158 07 839 41 4004 76 4844 17 9 65 9 65 Business in Georgia during 190f No Policies or certificates in force December 31 1903 1256 Policies or certificates written during the year 1904 4415 Ann unt 41350 00 125384 50 Total 5G71 Deduct number and amount which have ceased to be in force during 1904 3392 166734 50 94828 50 Total policies in force December 31 1904 2279 Losses and claims on policies or certificates in curred during the year 1904 Losses and claims on policies or certificates paid during the year 1904 71906 00 2218 94 2218 945k v 412 COMPTROLLERGENERALS REPORT THE COMMONWEALTH INSURANCE COMPANY ATLANTA GA A V Toole President Principal Office 319320 Temple Court Atlanta Ga W I Heywakd Atlanta Attorney for Service in Georgia IIINCOME DURING THE YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Premiums 7 Cash received from all other sources viz Advanced by officers of company Total income 1905 65 725 32 2630 97 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 4 Commissions and fees retained by or paid to officers and directors 7 Salaries and other compensation of officers and other office employees Rent 19200 taxes 724 10 Advertising 3980 blanks and printing 27450 11 All other items viz Stamps 31450 miscellaneous 46192 license 5000 100 00 762 26 428 75 199 24 311 30 826 42 Total disbursements 2030 97 VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 22 Deduct estimated cost of collection 1352 44 540 98 23 Net amount due from members 811 40 24 All other assets viz Due from members not yet as sessed contingent liabilities as per bylaws 10290 45 Total assets 17101 91 VILIABILITIES 9 Amount of all other liabilities viz Advanced by officers of company Total liabilities 725 32 725 32COMPTROLLERGENERALS REPORT 413 Business in the State of Georgia during 190 N Policies or certificates written during the year 1904 72 Losses and claims on policies or certificates in curred during the year 1904 1 Losses and claims on policies or certificates paid during the year 1904 1 Amount 45412 50 100 00 100 00 THE EMPIRE INDUSTRIAL INSURANCE ASSOCIATION ATLANTA GEORGIA H N Newsome President J S Flipper Secretary Principal Office 158 Auburn Avenue Atlanta Ga IIINCOME DURING THE YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 2 Annual dues 316 62 7 Cash received from all other sources viz Of president 865 80 Total income 1203 72 IIIDISBURSEMENTS DURING YEAR 1904 Total paid to members sick claims 46 56 3 Commissions and fees retained by or paid to agents 305 00 8 Rent 21 30 10 Advertising 403 00 11 Incidentals 427 86 Total disbursements 1203 72 Buslness in the State of Georgia during 1901f Policies or certificates written during the year 1904 814 Total policies in force December 31 1904 664414 COMPTROLLERGENERALS REPORT THE EMPIRE MUTUAL ANNUITY AND LIFE INSURANCE COMPANY ATLANTA GA G H Tanner President W W Reid Secretary Principal Office 510 to 514 Peters Building G H Tanner Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31 of previous year IIINCOME DURING THE YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 First year premiums 2 Renewals Total paid by members 5 Interest Total income IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 3150 00 2 Annual payments and assessments re turned to members dividends 1658 25 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 Rent 96000 taxes 40719 9 Advanced to officers and agents to be repaid out of future salaries or commissions 213693 less return 6978 10 Advertising 196705 blanks and printing 81452 11 All other items viz License and fees 44730 office expenses 147685 bills payable 158438 90133 24 23939 87 28907 59 52847 46 1160 42 54007 88 4808 25 9806 55 3183 15 1681 26 5849 87 1367 19 2067 15 2781 57 3508 53 Total disbursements 35053 52COMPTROLLERGENERALS REPORT 415 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 21937 50 6 Cash in office and banks 11825 19 7 Cash deposited in banks on reserve fund account Ad vance reserve fund 25000 00 Total 8 Agents ledger balances 9 All other ledger assets viz Notes and liens on policies in force 1491391 furniture and fixtures 118275 total 34228 25 1G096 66 Total 58762 69 50324 91 Total net or ledger assets 109087 60 VCONTINGENT ASSETS 12 Interest due 138414 and accrued 8236 19 Annual payments or premiums due and unpaid on memberships in force less than six months overdue 11984 90 20 Annual payments or premiums in process of collection not yet due deferred pre miums 4854 67 21 Total due from members 16839 57 22 Deduct estimated cost of collection 5 per cent 841 97 23 Net amount due from members Total assets 1466 50 15997 60 17464 10 VILIABILITIES 1 Present value of future payment on installment policy claims in force 6 per cent 8 To officers or others for advances on account of expenses of organization 367615 less amount returned B P 158438 9 Amount of all other liability viz Reserve on policies in force December 31 1904 2534335 reserve liability on account of State deposit 16500 00 12859 94 2091 77 41843 35 Total liabilities 56795 06 41g COMPTROLLERGENERALS REPORT Business in Georgia during ISO No Amount Policies or certificates in force December 31 1903 G32 1580300 00 Policies or certificates written during the year 1904 370 1163000 00 Total 1002 2743300 00 Deduct number and amount which have ceased to be in force during 1904 200 016200 00 Total policies in force December 31 1904 802 2127100 00 Losses and claims on policies or certificates incurred during the year 1904 2 1200 00 Losses and claims on policies or certificates paid during the year 1904 7 3000 00 FARMERS MUTUAL FIRE INSURANCE COMPANY OF FORT GAINES GEORGIA J W West President Eli B Manning Secretary Principal Office Fort Gaines Ga Lee M Jokdaw Atlanta Attorney for Service in Georgia IIINCOME DIKING THE TEAB 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 2333 85 3 Assessments 2874 70 Total income 5208 5a IIIDISBURSEMENTS DUBINQ TEAB 1904 1 Losses and claims 2874 i0 3 Commissions and fees retained by or paid to agents 2333 85 Total disbursements 5208 55 Business in Georgia during No Amount Policies or certificates of force December 31 1903 358 418246 00 Policies or certificates written during the year 1904 408 466770 00 Total 762 885016 00 Deduct number and amount which have ceased to be in force during 1904 22 269S0 00 Total policies or certificates in force December 31 liii4 740 859030 00 COMPTROLLERGENERALS REPORT 417 Losses and claims on policies or certificates incurred during the year 1904 IS 2044 70 Losses and claims on policies or certificates paid during the year 1904 18 2044 70 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF GEORGIA A W Walker President J T Goodman Secretary Principal Office Jackson Ga J F Carmichael Attorney for Service in Georgia IIASSETS 1 Policies 2337 total amount 1970130 00 The Farmers Cooperative Fire Insurance Company is strictly cooperative on the assessment plan on its members and carries a lien on all the property carried in the policies of its members for each members pro rata of all losses and expenses in its respective di vision 12 Cash in companys principal office 75 50 Total assets of the company 75 50 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 25 00 20 Total liabilities 25 00 IVINCOME DURING THE YEAH 4 Gross premiums on fire risks written and renewed dur ing the year 1894 74 6 Assessment for losses 4941 00 15 Aggregate amount of income actually received during the year in cash 6835 74 VEXPENDITURES DURING THE YEAR 6 Paid for fire losses year 1904 4941 00 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 1695 19 27 in42 g COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 0 00 9 All other payments and expenditures viz Rents adver tising and incidental 84 05 Aggregate amount of actual expenditures during the year in cash 67C0 24 Business in the State of Georgia during the year Fire Risks written 378948 00 Premiums received gross 1894 74 Losses paid 4941 00 Losses incurred 49CG 00 GEORGIA COOPERATIVE FIRE ASSOCIATION SAVANNAH GA W F Reid President Edward R Smith Secretary Principal Office Southern Bank Building Savannah Ga Robt M Hitch Savannah Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year S40 92 IIINCOME DURING THE YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 678 S3 3 Assessments B and C 18335 19 Total paid by members 19014 02 7 Cash received from all other sources viz 7605 class A and other items 61915 695 20 Total income 19709 22 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 4977 24 3 Commissions and fees retained by or paid to agents 6085 58 5 Salaries and traveling expenses of managers of agencies and general special and local agents 5173 63 7 Salaries and other compensation of officers and other of fice employees 1464 00It 11111 COMPTROLLERGENERALS REPORT 419 8 Rents and taxes 1043 50 9 Advanced to officers and agents to be repaid out of future salaries or commissions 14 20 10 Railroad fares 51749 blanks and printing 25275 770 24 11 All other items viz Various sundry bills 685 20 Total disbursements 20213 59 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incum brances 50 00 7 Cash deposited in banks on reserved fund account Chat ham Bank 19655 all other deposits notes 14000 336 55 8 Agents ledger balances 248 65 9 All other ledger assets viz Charter 12500 printing 30000 fixtures 60000 1025 00 Total net or ledger assets 1660 20 VCONTINGENT ASSETS 17 Mortuary assessments due and unpaid on memberships in force arrears class B 590 So 18 Mortuary assessments not yet due class C and B members 22554 20 20 Annual payments or premiums in process of collection not yet due 1428 07 21 Total due from members 24573 12 22 Deduct estimated cost of collection 3685 96 23 Net amount due from members 20887 16 Total assets 22547 36 VILIABILITIES 7 Borrowed money class A advanced 450 00 Total liabilities 450 00 Business in Georgia during 190 No Amount Total policies in force December 31 1904 3014 1019575 00 Losses and claims on policies or certificates unpaid December 31 1903 5 Not adjusted Losses and claims on policies or certificates incurred during the year 1904 82 4977 24 Total 87 4977 24 Losses or claims on policies or certificates paid dur ing the year 1904 82 4977 24 420 COMPTROLLERGENERALS REPORT GLOBE FIRE ASSOCIATION ATLANTA GA W J Pbateb President Fortune Lanier Secretary Principal Office 617 Austell Building Atlanta Ga IIINCOME DURING THE YEAR 1904 2 Annual dues weekly and monthly premiums 833 10 7 Cash received from all other sources viz Advanced by officers for organization 400 00 Total income 1233 10 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims two fire losses 115 00 3 Commissions and fees retained by or paid to agents 625 00 8 Rent 4000 taxes 7750 commuted commissions 833 125 83 10 Blanks and printing 29 00 11 All other items viz Paid for charter 15000 office fixtures 2250 office supplies 781 ISO 31 Total disbursements 1075 14 IVINVESTED ASSETS 6 Cash in office and Third National Bank 157 96 VCONTINGENT ASSETS 24 All other assets viz Weekly and monthly premiums in process of collection not due about 87500 yearly es timated cost of collections 40000 475 00 Total assets 632 96 VILIABILITIES 8 To officers or others for advances on account of expenses of organization 400 00 Total liabilities 400 00 Business in Georgia during WO X Amount Policies or certificates written during the year 1904 360 36000 00 Deduct number and amount which have ceased to be in force during 1904 185 18500 00 Total policies in force December 31 1904 175 17500 6ftCOMPTROLLERGENERALS REPORT 421 GREAT SOUTHERN HOME INDUSTRIAL ASSOCIATION OF ALABAMA W L Laudekdale President E D Coleman Secretary Principal Office State Capitol Atlanta Ga W A Weight Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 14057 20 IIIXC01IE DCRIXG YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 3 Assessments 3216 00 44159 20 75 40 Total income 47450 CO IIIDISBUBSEMEKTS DURING YEAR 1904 1 Losses and claims 2 Sick claims paid 5250 00 21750 CO 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 C Medical examiners fees paid by association 8 Rent 153000 taxes 14000 10 Advertising 17500 blanks and printing 282575 11 All other items viz Postage express and telegraph 17500 legal expenses 40000 official publication 5000 insurance department 31000 donation to school 357600 furniture 157575 27000 60 17650 10 1197 40 945 60 175 00 1670 00 3000 75 6092 75 Total disbursements 57732 20 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incum brances 7000 00 5 Cost value of bonds and stocks owned absolutely 1000 00 6 Cash in office 450 00492 COMPTROLLERGENERALS REPORT 7 Cash deposited in banks on reserved fund account Ala bama Penny Bank Furniture 8 Agents ledger balances 10 Total net or ledger assets VCONTINGENT ASSETS 21 Total due from members S007 80 22 Deduct estimated cost of collection 416 60 23 Net amount due from members Total assets 1000 00 3000 00 1807 80 14257 80 1200 00 15457 80 HOME FRIENDLY SOCIETY OF MARYLAND Geo A Chase President B L Tailey Secretary Principal Office 100 W Fayette Street Baltimore Md Geo L DeGant Austell Building Atlanta Attorney for Service in Georgia Ibalance sheet Amount of net or ledger assets December 31st of previous year 5411 03 IIINCOME DURING YEAB 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 01 80 3 Assessments 269379 75 4 For stationery 156 21 Total paid by members 270337 76 5 Interest 239 75 G Rents 674 00 7 Cash received from all other sources viz Advances to agents repaid 29256 agents cash bonds 50500 from insurance on building destroyed by fire 11575 12372 56 Total income 283624 07COMPTROLLERGENERALS REPORT 42 IIIDISBURSEMENTS DURING YEAR 1904 143610 17 1150 64 1 Losses and claims i Annual payments and assessments re turned to members and dividends paid 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 of fice employees 8 Rent 189075 taxes 276123 9 Advanced to officers and agents to be repaid out of future salaries or commissions 10 Advertising blanks and printing 11 All other items viz Postage 55513 interest 53807 expense account 400809 building expense 130427 attorneys fees 40400 furniture 94030 agents cash bond paid 29218 44760 81 54818 91 27575 60 2467 00 27481 89 4651 98 268 93 5222 46 8042 04 Total disbursements 275289 62 IVINVESTED ASSETS 1 Cost value of real estate in cash exclu sive of all incumbrances 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks Old Town National Bank 1750767 American Bonding and Trust Co 100000 on deposit at agencies 53203 10 Total net or ledger assetsI 11 Loss of building by fire of February 7 1904 29923 89 12195 00 4586 89 19039 70 65745 48 21263 89 Total net or ledger assets less loss by fire 44481 59 VCONTINGENT ASSETS 12 Interest due 20350 and accrued 17850 13 Balance due from fire insurance on building 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 382 00 0425 00 16750 00 112 50424 COMPTROLLERGENERALS REPORT 17 Mortuary assessments due and unpaid on memberships in force 5963 70 21 Total due from members 5963 70 22 Deduct estimated cost of collection 894 55 23 Net amount due from members 5069 15 Total assets 73220 24 VILIABILITIES 1 Losses due and unpaid number of claims 1 1000 00 Total liabilities l000 00 Business in Georgia during 190 No Amount Policies or certificates in force December 31 1903 3169 221830 00 Policies or certificates written during the year 1904 1768 123760 00 Total 4937 345590 00 Deduct number and amount which have ceased to be in force during 1904 1001 70070 00 Total policies in force December 31 1904 3936 275520 00 Losses and claims on policies or certificates incurred during the year 1904 2264 S605 59 Losses and claims on policies or certificates paid during the year 1904 2264 8605 59 INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA W L Skelton President John W Harris Secretary Principal Office Elberton Ga IMAIAM E SHEET Amount of net or ledger assets December 31st of previous year 541 00 II NCOME DURING YEAB 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 1SG0 25 2 Annual dues 354 85 3 Assessments 631 35 Total income 2846 45COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DUBING YEAR 1904 1 Losses and claimsv 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 7600 taxes 3121 10 Advertising 2000 blanks and printing 12000 11 All other items viz License 2000 examining papers 2000 Total disbursements IVINVESTED ASSETS 7 Cash deposited in Bank of Elberton mortuary fund Total net or ledger assets Business in Georgia during 1904 No Policies or certificates in force December 31 1903 832 Policies or certificates written during the year 1904 738 Total WTO Deduct number and amount which have ceased to be in force during 1904 230 Total policies in force December 31 1904 1340 Losses and claims on policies or certificates incurred during the year 1904 1 Losses and claims on policies or certificates paid during the year 1904 425 Col 00 319 50 1460 74 106 21 140 00 40 00 2717 45 670 00 670 00 Amount 416000 00 369000 00 785000 00 115000 00 670000 00 651 00 651 00 INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY OF GEORGIA 1 x M Eachebn President J M Sheffield Secretary Principal Office 503509 Austell Building Atlanta Ga McElreath McElreath Peters Building Atlanta Attorneys for Service in Georgia ibalance sheet Amount of net or ledger assets December 31st of previous J ooov year426 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 10183 35 2 Annual dues 311887 35 Total paid by members 5 Interest 322070 70 210 00 Total income 322280 7fr IIIDISBURSEMENTS DURING YEAR 1904 99905 25 1 Losses and claims Death claims 17 08945 sick claims 8287580 2 Annual payments and assessments re turned to members 2506 20 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 G Medical examiners fees whether paid direct by members or otherwise 7 Salaries and other compensation of officers and other of fice employees 8 Rent 467395 taxes 516310 10 Advertising 114625 blanks and printing 278354 11 All other items viz Exchange and postage 139695 furniture 64367 attorney 41920 fuel 27104 sundries 66447 Total disbursements i 102471 45 139213 40 51571 38 3213 55 310 10 3911 00 9837 05 3929 79 3395 33 317853 05 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely5 6 Cash in office 7 Cash deposited in banks Third National Atlanta 2 84244 Fourth National 32100 MaddoxRucker 39700 Carolina Trust Banking Co Raleigh N C 50000 9 All other ledger assets viz Georgia Loan Company 6000 00 3697 7S 4060 44 4000 00 Total net or ledger assets 17758 22 COMPTROLLERGENERALS REPORT 427 VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost 570 00 20 Annual payments or premiums in process of collection not yet due paid weekly 190781 50 22 Deduct estimated cost of collection 38156 30 23 Net amount due from members 152G2o 20 24 All other assets viz Furniture 580000 books and blanks 200000 7800 0Q Total assets 178753 42 VILIABILITIES 9 Amount of all liability viz Printing7o 00 Total liabilities 750 00 Business in Georgia during 1904 No Amount Policies or certificates in force December 31 1903 40644 2032200 00 Policies or certificates written during the year 1904 39505 948120 00 Total 80149 2980320 00 Deduct number and amount which have ceased to be in force during 19045U 102033G Total policies in force December 31 190437635 1859984 00 THE ROYAL PROTECTIVE ASSOCIATION OF MASSACHUSETTS S Augusts Allen President Francis R Parks Secretary Principal Office 100 Boylston St Boston Mass W A Wright Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31 of previous year LINCOME DURING YEAH 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 49108 20 57245 00 QMMHHHI p 428 COMPTROLLERGENERALS REPORT 2 Annual dues 3 Assessments death 62700 disability 15202100 Total paid by members 5 Interest 7 Cash received from all other sources viz Amount de posited with American Bonding Company 1903 charged to expense account since refunded 25000 policy fees 209800 Total income IIIDISBUBSEMENTS DURING YEAR 1904 1 Losses and claims Death claims 1500000 disability 14479025 2 Annual payments and assessments returned to members Disability 22011 expense 11139 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 other compensation of officers and other office employees 8 Rent 179100 taxes 68184 10 Advertising and printing 11 All other items viz Postal express and telegraph 4 G1042 legal expenses 274585 insurance depart ments 45725 badges 37105 miscellaneous 1469 55 collection expenses 1059320 total Total disbursements IV INVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely G Cash in office 7 Cash deposited in banks en reserve fund account First National Bank Boston 4518019 certificate of de posit with Massachusetts State Treasurer 23423 Total net or ledger assets VCONTINGENT ASSETS 12 Interest due and accrued 17 u 15 Market value of bonds and stocks over cost 331 15 77249 35 150648 00 291142 35 841 45 2948 00 294931 80 159796 25 331 50s 160127 75 66636 83 1574 39 34641 67 2472 S4 3605 91 20547 38 289606 77 8185 65 833 16 45414 42 54433 23 Total 508 65 I ia I assets 54941 88COMPTROLLERGENERALS REPORT VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 634 4 Losses resisted by the company number of claims 4 6 For salaries rents and office expenses 9 Amount of all other liability viz Advance assessments Total liabilities s 42 27058 59 560 00 7518 34 468 00 35604 93 METROPOLITAN MUTUAL BENEFIT ASSOCIATION P Sheridan Ball President L C Collins Secretary Principal Office No 47 E Hunter Street Atlanta Ga Wm A Wkigiit Atlanta Attorney for Service in Georgia 11income during year 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 895 00 2 Annual dues 5350 75 Total income 6245 75 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 3750 00 3 Commissions and fees retained by or paid to agents 550 00 4 Commisions and fees retained by or paid to officers and directors 350 00 5 Salaries and traveling expenses of managers of agencies and general special and local agents 500 00 8 Rent 150 00 10 Advertising 15000 blanks and printing 25000 400 00 11 All other items viz License charter etc 300 00 Total disbursements 6000 00 IVINVESTED ASSETS 6 Cash in office 200 00 9 All other ledger assets viz In branch offices 45 75 Total net or ledger assets 245 75 M1 OTMWRMHM jrMaKSS 430 COMPTROLLERGENERALS REPORT VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 2450 00 22 Deduct estimated cost of collection 012 50 23 Net amount due from members Total assets Business in Georgia during 190 No Policies or certificates written during the year 1904 5000 Deduct number and amount which have ceased to be in force during 1904 100 Total policies in force December 31 1904 4900 Losses and claims on policies or certificates in curred during the year 1904 200 Losses and claims on policies or certificates paid during the year 1904 200 1837 50 2083 25 Amount 125000 00 2500 00 122500 00 3750 00 3750 00 THE MUTUAL FIRE INSURANCE COMPANY OF CORDELE GA M J Moebis President J G Portis Secretary Principal Office Cordele Ga THE MUTUAL LIFE INDUSTRIAL ASSOCIATION OF GEORGIA Jas L Webb President John A Darwin Secretary Principal Office 15 College Avenue Athens Ga IBALANCE SHEET Amount of net or ledger assets December 31 of previous year 38725 la IEINCOME DIKING YEAB 1904 Gross amounts paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 57929 70 2 Annual dues 8078 85 3 Assessments 69053 29 Total income 135061 84COMPTROLLERGENERALS REPORT 431 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 60698 59 3 Commissions and fees retained by or paid to agents 31465 90 4 Commissions and fees retained by or paid to officers and directors 8354 70 5 Salaries and traveling expenses of managers of agencies and general special and local agents 582 85 7 Salaries and other compensation of officers and other office employees 2837 24 8 Rent 24000 taxes 35378 593 78 10 Advertising 141085 blanks and printing 178894 3178 99 11 All other items viz Postage 103048 express 101 46 exchange 7747 other expenses 995096 11260 37 Total disbursements 118872 42 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 25000 00 6 Cash in office and in Georgia National Bank 5302 61 7 Cash deposited in banks on reserve fund account 25212 00 Total net or ledger assets 55514 61 VCONTINGENT ASSETS 14 Market value of real estate over cost 6000 00 Total assets 61514 61 Business in Georgia luring 1904 Policies or certificates in force December 31 1903 12156 Policies or certificates written during the year 1904 13910 Total26066 Deduct number and amount which have ceased to be inforce during 1904 1809 Total policies or certificates in force December 311904 24257 5328650 00 Losses and claims on policies or certificates in curred during the year 1904 39041 59 Losses and claims on policies or certificates paid during the year 1904 39041 59pjHBWHIBHi H tfiftWfc 432 COMPTROLLERGENERALS REPORT THE MUTUAL LIFE AND WAGE GUARANTY ASSOCIATION Henry S Jackson President Jas F Alexander Secretary Principal Office 22 S Broad Street Atlanta Ga B H Hill Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR 1904 Gross amounts paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 683 00 2 Monthly dues 66S 43 Total paid by members 1351 43 7 Cash received from all other sources viz Advanced by officers 1450 00 Total income 2801 43 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 309 00 3 Commissions and fees retained by or paid to agents 5S3 26 5 Salaries and traveling expenses of managers of agencies and general special and local agents 126 2o 7 Salaries and other compensation of officers and other office employees 240 5 Rent 13000 taxes 3725 167 25 10 Advertising 21316 blanks and printing 30000 513 16 11 All other items viz Organization expenses 18970 of fice furniture and fixtures 25900 448 70 Total disbursements 2387 62 IVINVESTED ASSETS 6 Cash in office 413 81 9 All other ledger assets viz Office furniture and supplies 450 00 Total net or ledger assets 863 St VCONTINGENT ASSETS 20 Monthly payments or premiums in process of collection not yet due 1369 00 Total assets 2222 SICOMPTROLLERGENERALS REPORT VILIABILITIES 8 To officers or others for advances on account of expenses of organization 9 Amount of all other liability viz Surplus Total liabilities Business in Georgia during the year Total policies or certificates written during the year 1904 452 Deduct number and amount which have ceased to be in force during 1904 250 Total policies in force December 31 1904 202 Losses and claims on policies or certificates incurred during the year 1904 Losses and claims on policies or certificates paid during the year 1904 435 1450 00 772 81 2222 81 30900 00 30900 00 THE MUTUAL FIRE INDEMNITY ASSOCIATION OP AMERICA Geo S Murphey President A H Merry Secretary Principal Office 618 Broad Street Augusta Ga Geo S Murphey Augusta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31 of previous year 10738 90 IIINCOME DURING YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 25 00 2 Annual dues 1754 90 Total paid by members 1779 90 5 Interest 244 18 Total income 2024 08 28 in4g COMPTROLLERGENERALS REPORT mDISBURSEMENTS DUBING YEAR 1904 2 Annual payments and assessments returned to members Total paid to members 3 Commissions and fees retained by or paid to agents 8 Taxes 11 All other items viz Set aside for sinking fund Total disbursements IVINVESTED ASSETS 7 Cash deposited in banks on reserved fund account Equitable Trust 007454 Planters Loan and Sav ings Bank 82517 bills receivable 347794 total All other deposits Set aside reserve fund in Equitable Trust Company Total net or ledger assets VILIABILITIES 9 Amount of all liability viz Advanced premiums paid for assessments Total liabilities Business in Georgia during 1904 Total policies or certificates in force December 31 1904 G0 1102 44 3 21 208 79 175 85 447 52 1937 81 10377 65 447 52 10825 17 568 52 568 52 119650 00 THE STATE MUTUAL LIFE AND AMNESTY ASSOCIATION P D Phillips President A C Wadsworth Secretary Principal Office 225 Broad Street Rome Ga Joel Bbahham Rome Attorney for Service in Georgia IBALANCE S11KET Amount of net or ledger assets December 31 of previous year 190517 25 IIINCOME DUBING YEAB 1904 Gross amount paid by members to the association or its agents without deduction for commissions or other expenses as follows 1 Membership fees first years premiums3 33418 0395841 28 6370 16 54200 00 COMPTROLLERGENERALS REPORT 435 2 Annual dues renewal premiums 62423 25 Total paid by members 3 5 Interest 7 Cash received from all other sources viz Advance re serve Total income 156411 44 IIIDISBURSEMENTS DURING YEAR 1904 1 Losses and claims 13750 00 Cash surrender values 124 07 2 Returned to members in reduction of premiums 6129 45 Total paid to members 20003 52 3 Commissions and fees retained by or paid to agents First years 1974570 renewal 961976 29365 46 5 Salaries and traveling expenses of managers of agencies and general special and local agents 12041 18 6 Medical examiners fees whether paid direct by mem bers or otherwise 1766 50 7 Salaries and other compensation of officers and other office employees 10337 81 8 Rent 88110 taxes 94647 1827 57 10 Advertising 156479 blanks and printing 118039 2745 18 11 All other items viz Municipal license 9720 office ex pense 94838 legal fees 141167 exchange and dis count 1871 insurance department fees etc 1077 74 stamps 43138 total 3985 08 Total disbursements 82072 30 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incum brances3 2 Loans on bond and mortgage first liens on real estate 4 Loans made in cash to members on this companys cer tificates assigned as collateral 5 Cost value of bonds and stocks owned absolutely Bonds 4506000 stocks 130000 6 Cash in office 7 Cash deposited in banks on reserve fund account Ex change National of Rome 382398 First National of Rome 20032 Citizens National of Rome 240444 Bank of Tifton 15700 total All other deposits In Bank of Tifton account of ad vance reserve S Agents ledger balances 1446 37 19990 75 8397 07 46360 00 151 26 22128 74 25000 00 42638 43436 COMPTROLLERGENERALS REFORT 264856 33 1390 21 2500 00 750 00 9 All other ledger assets viz Premium notes 3560556 furniture account 225149 bills receivable secured 6088670 total 63138 19 Total net or ledger assets VCONTINGENT ASSETS 12 Interest due and accrued 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force less than three months past due 11184 03 20 Annual payments or premiums in process of collection not yet due 15011 91 21 Total due from members 26195 94 22 Deduct estimated cost of collection 5 per cent 1309 79 23 Net amount due from menders 2488C 15 24 All other assets viz Real estate purchased in process of transfer 12250 00 Total assets 306632 75 VILIABILITIES National State or other taxes due Virginia 11746 North Carolina 7320 South Carolina 524 Ala bama 24126 Arkansas 683 Texas 5355 For salaries rents and office expenses Bills payable purchase of real estate Amount of all other liability viz Premiums paid in ad vance 11147 advance reserve on deposit 2500000 with State Treasurer 4506000 present value of fu ture claims discounted at 4 per cent 3016975 total Total i Surplus over all liabilities Total liabilities 497 54 479 71 12250 00 100341 22 113568 47 193064 28 306632 75 Busi7iess in Georgia during lJOJj Policies or certificates in force December 31 1903 771 Policies or certificates written during the year 1904 180 Total 1566000 00 336000 00 951 1902000 00COMPTROLLERGENERALS REPORT 437 Deduct number and amount which have ceased to be in force during 1904 418 0Q Total policies in force December 31 1904 533 1214500 00 Losses and claims on policies or certificates unpaid December 31 1903 x 3m 0Q Losses and claims on policies or certificates in curred during the year 1904 3 5 000 00 T T0tal 4 8000 00 Losses and claims on policies or certificates paid during the year 1904 on annuities 8 850 00 THE SOUTHERN HEALTH AND ACCIDENT ASSOCIATION OP GRIF FIN GA A G Mabtin President E L Haines Secretary Principal Office Griffin Ga IIINCOME DUBING YEAH 1904 7 Deposited with Merchants and Planters Bank Griffin Ga for all policyholders benefit 600 00 Total income 600 00 IVINVESTED ASSETS Deposited in Merchants and Planters Bank Griffin Ga 600 00 SOUTHERN MUTUAL LIFE INSURANCE ASSOCIATION Allen D Candlee President Thos C Candles Secretary Principal Office 305 and 306 Century Building Atlanta Ga Allen D Candles Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31 of previous year 1907 06a COMPTROLLERGENERALS REPORT IIINCOME DUBIXO YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 28 234 51 1 Membership fees 1G35 9 2 Annual dues 13259 50 3 Assessments 43129 97 Total income hiDisbuksemims DUBING veab 1904 10884 00 I Losses and claims Afi fi2 is 3 Commissions and fees retained by or paid to agents 166o2 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 G9G g7 8 Rent 42000 taxes 27097 9 Advanced to agents to be repaid out of future salaries or commissions fi Rn 10 Advertising 20707 blanks and printing 47593 83 00 II All other items 35081 47 Total disbursements IV INVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 40432 37 0 Cash in office and treasuryit 7 Cash deposited in mortuary fund account In hands of local treasurers of the branches of this association 8382 00 8 Agents ledger balances Total net or ledger assets VILIABILITIES 8 To officers or others for advances on acount of expenses of organization 1227 60 Total liabilities Business in Georgia during 1904 Ko Amount Policies or certificates in force December 31 1903 1851 Policies or certificates written during the year 1904 6531 Total 8382 2220055 00COMPTROLLERGENERALS REPORT 439 Deduct number and amount which have ceased to be in force during 1904 1138 300625 Off Total policies in force December 31 1904 7244 1919430 00 Losses and claims on policies or certificates incurred during the year 1904 38 8170 00 Losses and claims on policies or certificates paid during the year 1904 38 8170 00 SUNLIGHT INSURANCE COMPANY OP GEORGIA 5 J Sheffield President E Y Crockett Secretary Principal Office 239 Peoples Building Atlanta Ga Walter McElreath 518 Peters Building Atlanta Attorney for Service in Georgia 11income during year 1904 7 Cash received from all other sources viz Advanced for the purpose of organizing 577 56 Total income 577 50 indisbursements during year 1904 10 Advertising 1900 blanks and printing 11200 131 60 11 All other items viz To Secretary of State for charter 10000 attorneys fee 3500 office furniture 3000 165 00 Total disbursements 296 60 ivinvested assets 6 Cash in office 30 90 7 Cash deposited in banks on reserved fund account Fourth National Bank Atlanta Ga 250 00 Total net or ledger assets 280 90 Business in Georgia during HJOJ No Amount Policies or certificates in force April 12 1905 applied for151 30900 00440 COMPTROLLERGENERALS REPORT UNITED STATES COOPERATIVE INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA W N Lietch President C W Rawlixgs Secretary Principal Office Eastman Ga W M Clements Eastman Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets July 1 1904 nINCOME DUBING YEAH 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees from July 1 1904 to December 311904 1030 00 13 i o 20 3 Assessments two 2408 20 Total income mDISBURSEMENTS DURING YEAR 1904 1 28 00 1 Losses and claims two assessments iMO 3 Commissions and fees retained by or paid to agents from July 1 1904 to December 4 1904 o 00 10 Advertising 1 802 40 Total disbursements IVINVESTED ASSETS 6 Cash in Citizens Bank Eastman Ga 16CI1 49 Total net or ledger assets 1601 49 Business in Georgia during 190 No Amount Policies or certificates in force December 31 1903 702 Policies or certificates written during the year from July 1 1904 to December 31 1904 206 Total 908 Deduct number and amount which have ceased to be in force during 1904 i Total policies or certificates in force December 31 1904 904 Losses and claims on policies or certificates incurred during the year from July 1 to December 31 1904 2 1238 00COMPTROLLERGENERALS REPORT 441 UNITED STATES COOPERATIVE INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA W N Lietch President C W Rawlins Secretary Principal Office Eastman Ga W M Clements Eastman Attorney for Service in Georgia IIINCOME DUBING YEAB 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 2763 00 3 Assessments 352 40 Total paid by members 7 Cash received from all other sources Total income 5 IIIDISBURSEMENTS DUBING YEAB 1904 1 Losses paid 488 00 2 Annual payments and assessments re turned to members 520 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 10 Advertising 2500 blanks and printing 20278 11 All other items viz Telegrams and attorneys fees 3115 40 14 95 3130 35 493 20 1004 00 373 00 8 11 227 78 38 57 Total disbursements 2144 66 IVINVESTED ASSETS 6 Cash in Citizens Bank Eastman Ga 9 All other ledger assets Total net or ledger assets 780 29 205 40 985 69 VILIABILITIES 8 To officers or others for advances on account of expenses of organization 9 Amount of all other liability Total liabilities 114 95 212 95 327 90442 COMPTROLLERGENERALS REPORT 9 Business in Georgia during 190f No Total policies in force July 1 1904 702 Losses and claims on policies or certificates incurred during the year 1904 Losses and claims on policies or certificates paid during the year 1904 596 00 488 00 UNION MUTUAL ASSOCIATION OP GEORGIA T W Walker President Wm Driskell Secretary Principal Office 212 Auburn Avenue Atlanta Ga W A Weight Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR 1904 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 2514 20 2 Annual fees 38004 05 Total paid by members 7 Cash received from all other sources viz Revivals de ficiency and endorsements Total income IHIHSmRSIMKNTS DIKING YEAR 1904 1 Losses and claims 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 of fice employees 8 Rent 51175 taxes 34474 commuted commissions 10574 10 Advertising 19087 blanks and printing 91170 11 All other items viz Postage 21729 furniture and ex press 45245 sundry office expenses 97870 40518 25 1384 36 41902 61 f 13524 55 14071 86 1630 00 6788 87 1908 69 962 23 1108 57 1648 44 Total disbursements 41643 21 COMPTROLLERGENERALS REPORT 443 IVINVESTED ASSETS 6 Cash in office 29 93 7 Cash deposited in bank Neal Loan Banking Co 229 47 8 Agents ledger balances 1706 20 Total net or ledger assets 1965 60 VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 1706 20 20 Annual payments or premiums in process of collection not yet due 85012 20 21 Total due from members 86718 40 22 Deduct estimated cost of collection 17323 48 23 Net amount due from members 24 All other assets viz Cash in office and bank Total assets 69394 92 259 40 69654 32 VILIABILITIES 9 Amount of all liability viz Furniture 12545 print ing 11575 Total liabilities 241 20 241 20 Business in Georgia during 1904 Policies or certificates written during the year 1904 21163 Deduct number and amount which have ceased to be in force during 1904 7551 582033 35 188775 00 Total policies in force December 31 190413612 393258 35 Losses and claims on policies or certificates incurred during the year 1904 3155 Losses and claims on policies or certificates paid during the year 1904 3155 10685 95 10685 95444 COMPTROLLERGENERALS REPORT TNA LIFE INSURANCE COMPANY OF CONNECTICUT M G Bulkeley President Walter C Faxon Secretary Home Office G50 Main Street Hartford Conn ICAPITAL STOCK 1 Amount of capital stock authorized 500000000 subscribed for 2000000 00 2 Amount of capital paid up in cash 2000000 00 3 Amount of net ledger assets as per bal ance December 31 1904 64711836 13 Extended at 64711836 13 IIISCOME As shown by the books at the home office at close of business Dec 31 1904 Entire premiums collected during the year Accident 155377982 health 17609998 liability 182521427 3555694 07 Deduct reinsurance and return premiums and cancellations Accident 53481S6 health 1152517 liability 11797363 1829S0 66 19 Total net cash actually received for premiums 3372713 41 20 Interest on mortgage loans 21 Interest on collateral loans 22 Interest on bonds and dividends on stocks 23 Interest from all other sources 24 Gross rents from companys property in cluding 23000 for companys own oc cupancy Discount on claims paid in advance 1607528 18 61029 17 1040448 60 308529 15 41950 27 1611 32 25 Total interest and rents 3061096 69 26 Profit on sale or maturity of ledger assets 1520 32 31 From all other sources Profit and loss agents balances 16 98 34 Total 6435347 40 35 Premium income life business 9496209 36 36 Total income during the year 15931556 76 COMPTROLLERGENERALS REPORT 445 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Accident 72267086 health 7334442 liabil ity 50611434 1302129 62 2 Deduct salvage and reinsurance Acci dent 1900253 health 95642 lia bility 24805 20207 00 3 Net amount paid policyholders for losses 1281922 62 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 1860291 health 14911 liability 5839763 77149 65 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 51720170 health 5295608 lia bility 39802158 968179 36 22 Stockholders for interest or dividends amount declared during the year 50000 00 23 Salaries fees and all other compensation of officers and home office employees 85873 31 24 Salaries traveling and all other expenses of agents not paid by commissions 62441 62 25 Medical examiners fees and salaries 11026 62 26 Inspections other than medical 23298 76 27 Rents 26822 09 30 All other taxes licenses and insurance department fees 48160 45 31 Legal expenses not included in No 14 526 67 32 Advertising 11887 95 33 Printing and stationery 46788 84 34 Postage and express 30889 45 35 Furniture and fixtures 15013 97 37 Surrender value on accident policies 2066 94 41 Expense 1124007 profit and loss bills receivable 15366 11393 73 42 Disbursements accident health and liability business 2753442 03 43 Disbursements life business 8005413 93 45 Total disbursements 10758855 96 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1904 1 Book value of real estate unincumbered 633164 74 2 Mortgage loans on real estate first liens 3268637 72 3 Loans secured by pledge of bonds stocks or other col laterals 1051394 62Mi WSSmSa H 446 COMPTROLLERGENERALS REPORT 4 Book value of bonds excluding interest 1951175009 and stocks 497863681 24490386 90 5 Cash in companys office 5510728 deposited in bank 702151602 7076623 30 6 Bills receivable 32 J71 16 8 Agents balances 4 9 Loans made to policyholders on this companys policies assigned as collateral 3553880 50 10 Premium notes or liens on policies in force of which G 49202 is for first years premiums 337623 58 T DQto 69884536 93 11 Ledger assets NONLEDGER ASSETS 12 Interest due 7022246 and accrued 35342418 on mortgages 423646 64 13 Interest due 941000 and accrued 13409005 on bonds 143500 Oo 14 Interest due 187327 and accrued 219077 on collat eral loans 406404 15 Interest due 24518136 and accrued 20306 on other assets 245384 42 16 Rents due 8333 and accrued 205417 on companys property or lease 2137 50 18 Market value not including interest in item 13 of bonds and stocks over book value 2374539 62 19 Gross premiums in course of collection viz Net amount of uncollected and deferred premiums 674112 68 37 Gross assets 73751921 88 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 32071 16 45 Agents balances unsecured 23074 41 46 Premium notes loans or liens in excess of reserve on policies 597 50 55743 07 50 Admitted assets 73696178 81 VLIABILITIES 1 Losses and claims In process of adjustment Accident 60 54585 health 399104 liability 41 20000 105736 89 Reported proofs not received Accident 1000000 health 125000 11250 00 Resisted by company Accident 78140 77 health 240000 liability 1300 81840 77 Resisted for policyholders Liability 389900 00 16 Net unpaid claims 588727 66COMPTROLLERGENERALS REPORT 447 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 242559869 unearned premiums 50 per cent 1212799 35 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 6823786 unearned premiums pro rata 61544 93 27 Total unearned premiums and reserve 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 100000 00 1274344 28 2000 00 45 Total accident health and liability business 1965071 94 46 Life business 65175466 22 47 Total amount of all liabilities except capital 67140538 16 48 Capital actually paid up in cash 2000000 00 49 Surplus over all liabilities 4555640 65 50 Surplus as regards policyholders 6555640 65 51 Total liabilities 73696178 81 Business in the State of Georgia during the year Accident Htalih Liability Gross premiums on risks written or re newed during the year47720 34 5051 75 5441 13 Gross losses paid28172 12 1463 19 1615 72 Gross losses incurred 31478 46 2091 26 3615 72 iETNA INDEMNITY COMPANY OF CONNECTICUT Abthur P Heinze President Chas I Bbooks Secretary Home Office 36 Pearl Street Hartford Conn Fair Dodd Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of capital paid up in cash 374931 82 Amount of ledger assets as per bal ance December 31 of previous year 839308 38 Increase of paidup capital during the year 36763 65 Extended at 876072 0448 COMPTROLLERGENERALS REPORT IIINCOME As shown by the bocks at home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year Fidelity 527218 surety 29 75818 plate glass 1333053 burgla ry 2418303 72543 92 Gross premiums written and renewed during the year Fidelity 7477971 surety 26595053 plate glass 88 39804 burglary 17441235 C03540 G3 Total 670084 55 Deduct gross premiums now in course of collection Fidelity 1229506 surety 5567402 plate glass 1994288 bur glary 5165656 139568 52 Entire premiums collected during the year Fidelity 6775683 surety 240 03469 plate glass 8178569 burglary 14693882 536516 03 Deduct reinsurance return premiums and cancellation Fidelity 1451483 sure ty 2056962 plate glass 583128 burglary 2550675 66422 48 IS Total net cash actually received for premiums 470093 55 21 Interest on bonds and dividends on stock 23904 37 22 Interest from all other sources 6167 35 24 Total interest and rents 30071 72 25 Profit on sale or maturity of ledger assets 10 per cent premium on increased capital stock 3676 35 30 From all other sources Fees Central railroad company stock 645200 Lynn and Boston Street railway 5 per cent gold bonds 31250 Tennessee and New York Ca nal and Railroad 4V per cent bonds 35000 Central Railroad of New Jersey registered terminal bonds 1 13750 8252 00 36 Total income 512093 62 IIIDISBURSEMENTS As shown by the books at home office at close of business Dec 31 1904 1 Gross amount paid for losses Fidelity 2534119 surety 6100257 plate glass 3208875 burglarv 3978711 158219 62COMPTROLLERGENERALS REPORT 449 2 Deduct salvage and reinsurance Fidelity 275823 surety 757334 plate glass 228620 burglary 54473 13102 50 Total 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 750902 surety 3700323 plate glass 2644187 burglary 3386968 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 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 On sale of se curities viz American Telegraph Cable Company stock 100000 town of Huntington Conn gold fund ing bonds 11800 40 All other disbursements Executive office sundries 8 50757 executive office traveling 605025 executive office telegraph and telephone 54052 45 Total disbursements 145057 12 104883 80 67017 41 86107 48 19308 14 18819 28 50709 26 3042 51 21605 90 12781 85 3190 69 1118 0 15098 34 548799 78 IVLEDGER ASSETS As shown by the books at home office at close of business Dec 31 1904 4 Book value of bonds excluding interest 39918375 and stocks 212308755 611552 50 5 Cash deposited in banks 227380 25 7 Other ledger assets Agents balances 433 12 11 Total ledger assets 839365 87 NONLEDGEB ASSETS f 13 Interest due and accrued on bonds 2545 02 15 Interest due and accrued on other assets 1210 34 Total 3755 3G 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1903 Fidelity 953565 surety 3087007 plate glass 15348 80 burglary 4348870 99243 88 29 inHsSil i sim 450 COMPTROLLERGENERALS REPORT On policies or renewals issued prior to October 1 1903 Fidelity 275941 surety 2480335 plate glass 4594 08 burglary 816780 40324 Go Total 37 Gross assets 5 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1903 40324 64 44 Book value of stocks and bonds under market value Book value December 31 1904 61155250 less market value December 31 1904 60212831 9424 19 Total assets not admitted 51 Admitted assets 139568 52 982689 75 49748 S3 932940 92 VLIABILITIES 1 Losses and claims in process of adjustment Fidelity 7 05172 surety 2708046 plate glass 33383 bur glary 468777 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 52622042 unearned premiums 50 per cent 263110 21 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1735718 unearned premiums pro rata 13682 66 27 Total unearned premiums 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1903 viz Fidelity 238391 sure ty 771767 plate glass 383720 burglary 10872 19 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 37 Reinsurance 38 Other liabilities viz Contingent fund reserve 39153 78 276772 87 24810 97 1263 10 4503 40 100000 00 47 Total amount of all liabilities except capital 446504 12COMPTROLLERGENERALS REPORT 451 48 Capital actually paid up in cash 49 Surplus over all liabilities 374931 82 111504 98 50 Surplus as regards policyholders 486436 80 51 Total liabilities 932940 92 Business in Georgia during the year Fdelity Gross premiums received on risks written or renewed during the year 815 99 Gross losses paid Gross losses incurred Surety Plate Glass Burglary 6297 29 47S 60 273 03 168 47 4 00 168 47 4 00 AMERICAN SURETY COMPANY OF NEW YORK H D Lymax President H B Zevkly Secretary Home Office 100 Broadway New York City N Y ICAPITAL STOCK 1 Amount of capital paid up in cash I 2500000 00 2 Amount of ledger assets as per bal ance December 31 of prevous year 5397782 28 Extended at 5397782 28 IIINCOME As shown by the books at home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year Fidelity 5241093 surety 212453291 264804 22 Gross premiums written and renewed during the year Fidelity 80800998 surety 92149759 1730107 57 Total 199497179 Deduct gross premiums now in course of collection Fidelity 5874307 surety 19889512 257638 19 Entire premiums collected during the year Fidelity 80227784 surety 93505576 1737333 60 gmy 452 COMPTROLLERGENERALS REPORI Deduct reinsurance return premiums and cancellations Fidelity 9578148 surety 17046202 266243 50 18 Net cash actually received for premiums 1471090 10 19 Interest on mortgage loans 171 12 20 Interest on collateral loans 1835 26 21 Interest on bonds and dividends on stock 84347 98 22 Interest from all other sources 10419 01 23 Gross rents from company including 30 000 for companys own occupancy 246614 22 24 Total interest and rents 343387 59 25 Profit on sale or maturity of ledger assets Mexican 5 per cent external gold loan bonds redeemed 11640 State of Virginia 3 per cent bonds sold 317500 Tex as Pacific 5 per cent bonds sold 602500 Consoli dated Tobacco Co 4 per cent bonds sold 2899000 rights to five shares Consolidated Gas stock 7875 38385 15 32 From all other sources Premiums paid in advance De cember 31 1904 1330996 premiums paid in advance December 31 1903 1172735 15S2 61 36 Total income 1854445 45 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Fidelity 40000104 surety 41975042 81975146 2 Deduct salvage and reinsurance Fidelity 7299431 surety 15813769 231132 00 3 Net amount paid policyholders for losses 5SS619 46 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Fidelity 1126S 11 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 3258260 surety 6255519 95137 79 22 Stockholders for interest or dividends declared during the year 200000 00 23 Salaries fees and all other compensation of officers and home office employees 218752 39 24 Salaries traveling and all other expenses of agents not paid by commissions 308316 44 26 Inspection other than medical 4430 17 27 Rents including 3000000 for companys own occupancy 30183 33 28 Repairs and expenses other than taxes on real estate 77230 60 29 Taxes on real estate 62659 54COMPTROLLERGENERALS REPORT 453 30 All other taxes licenses and insurances 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 Exchange 40 All other disbursements Interest 253470 general mis cellaneous expenses 3153076 checks of other parties in process of collection December 31 1903cashed 85015 36410 17 5047 99 5977 66 30044 71 18313 96 8407 06 6200 00 34921 61 45 Total disbursements 1741920 99 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1904 1 Book value of real estate unincumbered 3000000 00 4 Book value of bonds excluding interest 119915878 and stocks 93234375 2131502 53 5 Cash in companys office 115006 deposited in banks 37765415 378804 21 11 Ledger assets 5510306 74 NONLEDGER ASSETS 13 Interest due and accrued on bonds 8459 62 16 Rents due 984021 and accrued 8641 68 on companys property or lease 18481 89 Total 2694151 18 Market value not including interest in item 13 of bonds and stocks over book value 15o732 72 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Fidelity 4296046 surety 8433731 127297 77 On policies or renewals issued prior to October 1 1904 Fidelity 1578261 surety 11455781 130340 42 33 Total 257638 19 37 Gross assets 5950619 16 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 130340 42 tii 5820278 74 51 Admitted assets 454 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Losses and claims In process of adjustment Fidelity 28 92566 surety 5390131 82826 97 Reported proofs not received Fidelity 10836492 surety 3066671 139031 63 Resisted by company Fidelity 20279 72 Resisted for principal 155665 29 6 Net unpaid claims 397803 61 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 138436478 unearned premiums 50 per cent 692182 39 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 196596 76 unearned premiums pro rata 100990 85 27 Total unearned premiums 793173 24 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Fidelity 145685 surety 490023 6357 OS 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 12500 00 38 Other liabilities viz Checks of other parties in process of collection 59816 agents credit balances being premiums paid in advance 1330996 13908 12 47 Total amount of all liabilities except capital 1223742 05 48 Capital actually paid up in cash 2500000 00 49 Surplus over all liabilities 2096536 69 50 Surplus as regards policyholders 4596536 69 51 Total liabilities 582027S 74 Business in the State of Georgia during 190i Fidelity Surety Gross premiums received on risks written or renewed during the year 8798 21 8415 33 Gross losses paid 2561 99 1108 19 Gross losses incurred 2958 16 12 34COMPTROLLERGENERALS REPORT 455 AMERICAN BONDING COMPANY OP BALTIMORE MD Geokge Cator President Edwin W Poe Secretary Home Office Courtland and Saratoga Street Baltimore Md Edwabd M Dtjrant Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 1903t 2029728 26 3 Decrease of paidup capital during the year 500000 00 Extended at 2029728 26 IIINCOME As shown by the books at the home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year liability fidelity and surety Gross premiums written and renewed dur ing the year Liability fidelity and surety 73152274 burglary 160730 Total Deduct gross premiums now in course of collection Liability fidelity and sure ty 10745680 burglary 151287 106138 36 733190 04 839328 40 108969 67 Entire premiums collected during the year Deduct reinsurance return premiums and cancellations Liability fidelity and surety 9518504 burglary 5361 730358 73 95238 65 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 companys property 1115 04 8617 32 52596 32 2531 41 696 62 635120 08 24 Total interest and rents 26 Stocks and bonds 30 From all other sources Increase for amount due for re insurance over December 31 1903 65556 71 1281 20 172 50 26 Total income 702130 49 456 COMPTROLLERGENERALS REPORT IIIDISBUBSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Fidelity and surety 318245 79 2 Deduct salvage and reinsurance Fidelity and surety 6371 52 3 Net amount paid policyholders for losses 311874 27 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity and surety 14934287 burglary 3781 149380 68 22 Stockholders for interest or dividends amount declared during the year 40000 00 23 Salaries fees and all other compensation of officers and home office employees 83608 61 24 Salaries traveling and all other expenses of agents not paid by commissions 40756 37 26 Inspections other than medical 6326 76 27 Rents 1831 78 28 Repairs and expenses other than taxes on real estate 2212 68 29 Taxes on real estate all other taxes licenses and insur ance department fees 35948 38 31 Legal expenses 18746 35 32 Advertising 14246 63 33 Printing and stationery 17474 Gl 34 Postage and express 11894 98 35 Furniture and fixtures 8902 95 36 Loss on sale or maturity of ledger assets Stocks and bonds 40333 81 40 All other disbursements Auditing expense 36250 de velopment expense 1106264 general expense 6 01554 interest 992149 exchange 7643 insur ance 8777 traveling expense 319949 telephone and telegraph 535914 36085 00 43 Liquidation of bills payable 100000 00 44 Reduction in collateral and special deposits 169428 89 45 Total disbursements 10S9052 75 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1904 1 Book value of real estate unincumbered 2080537 in cumbered 530500 26110 37 2 Mortgage loans on real estate first liens 38815 34 3 Loans secured by pledge of bonds stocks or other collat erals 16811 88COMPTROLLERGENERALS REPORT 457 4 Book value of bonds excluding interest 59703100 and stocks 72006218 1317093 18 5 Cash in companys office 404742 deposited in bank 21745700 221505 02 7 Other ledger assets Accounts receivable secured 22470 21 11 Ledger assets 1642806 00 NONLEDGER ASSETS 720 27 12 Interest due and accrued on mortgages 13 Interest due 136250 and accrued 3 58915 on bonds 4951 65 14 Interest due and accrued on collateral loans 333 67 Total 19 Gross premiums in course of collection viz On policies on renewals issued subsequent to October 1 1904 fi delity and surety 10745680 burglary 151287 6005 59 108969 67 37 Gross assets 1757781 26 VLIABILITIES 1 Losses and claims In process of adjustment Fidelity and surety 65325 71 Reported proofs not received Fidelity and surety 3914 31 Resisted by company Fidelity and surety 113622 44 16 Net unpaid claims 5 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 64418474 unearned premiums 50 per cent 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Fidelity and surety 2694482 burglary 27822 37 Reinsurance 38 Other liabilities viz Collateral deposits 11388795 special time deposit due January 1 1927 20000000 182862 46 322092 37 27223 04 1158 33 313887 95 47 Total amount of all liabilities except capital 847224 15 48 Capital actually paid up in cash 500000 00 49 Surplus over all liabilities 410557 11 50 Surplus as regards policyholders 910557 11 51 Total liabilities 1757781 26458 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Gross premiums on risks written or renewed during the year Fidelity and surety Gross losses paid Fidelity and surety Gross losses incurred Fidelity and surety 22029 82 26157 11 30520 08 THE EMPIRE STATE SURETY COMPANY OF NEW YORK John G Jenkins President William M Tomlins Jr Secretary Home Office 391393 Fulton Street New York City N Y ICAPITAL STOCK 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 478919 G8 Extended at 478919 GS IIINCOME As shown by the books at the home office at close of business Dec 31 1904 1 Gross premiums unpaid December 31 last year Fidelity 827010 surety 6100940 69285 56 2 Gross premiums written during the year Fidelity 2464821 surety 23491134 259559 55 3 Total 328845 11 4 Deduct gross premiums now in course of collection Fidelity 616084 surety 6407713 70237 97 5 Entire premiums collected during the year Fidelity 2676353 surety 23184361 258G07 u 6 Deduct reinsurance return premiums and cancellations Fidelity 309328 surety 3190718 35000 46 18 Total net cash actually received for premiums 22 Interest from all other sources 18900 00 23 Gross rents from companys property 677 10 223606 68 24 Total interest and rents 36 Total income 19577 10 243183 7iCOMPTROLLERGENERALS REPORT 459 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Fidelity 518570 surety 4233254 47518 24 2 Deduct salvage and reinsurance Fideli ty 30026 surety 1281491 13115 17 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Surety 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 351261 surety 4396003 22 Stockholders for interest or dividends amount declared during the year 2500000 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 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 Telephone and telegraph 1 47425 directors meetings 307000 miscellaneous 725426 34403 07 25 00 47472 64 32500 00 51662 37 6887 44 5962 98 3044 77 6275 31 1974 89 3073 20 1929 38 947 73 11798 51 45 Total disbursements 207957 29 IVLEDGEB ASSETS As shown by the books at the home office at close of business Dec 31 1904 4 Book value of bonds excluding interest 18192000 and stocks 21338750 395307 50 5 Cash in companys office 83778 deposit ed in bank 7904368 79881 46 6 Bills receivable 8096 57 7 Other ledger assets Special deposit with United Auditing and Adjusting Co to be invested by them at interest 5 00000 due from agents etc 497760 collected assets deposited as security and to be held subject to collateral agreement 16402524 174002 84 11 Ledger assets 657288 37460 COMPTROLLERGENERALS REPORT NONLEDGEB ASSETS 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Fidelity 489890 surety 3649072 On policies or renewals issued prior to October 1 1904 Fidelity 126194 surety 2758641 33 Total 37 Gross assets 41389 62 28848 35 70237 97 727526 34 DEDUCT ASSETS SOT ADMITTED 43 Gross premiums in course of collection or written prior to October 1 1904 51 Admitted assets 28848 35 69SG77 99 VLIABILITIES 17 Special reserve for unpaid losses viz Surety 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 24181532 unearned premiums 50 per cent Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Fidelity 32500 surety 467500 Other liabilities viz Collateral deposits securities and cash conveyed to company to be held subject to collat teral agreement 28 58 31346 52 120907 66 5000 00 168874 11 47 Total amount of all liabilities except capital 326128 29 48 Capital actually paid in cash 250000 00 49 Surplus over all liabilities 122549 70 50 Surplus as regards policyholders 372549 70 51 Total liabilities 69SG77 COMPTROLLERGENERALS REPORT 461 THE EMPLOYERS LIABILITY ASSURANCE CORPORATION Samuel Appletcw U S Manager and Attorney Home Office U S Branch No 71 Kilby Street Boston Mass ICAPITAL STOCK 2 Amount of ledger assets as per bal ance December 31 of previous year 1995567 8G Extended at 1995567 86 IIIK COME As shown by the books at the home office at close of business Dec 31 1904 1 Gross premiums unpaid December 31 last year Accident 5608892 health 658924 liability 35568564 fidel ity 546885 423832 65 2 Gross premiums written and renewed during the year Accident 29863331 health 5573743 liability 2080 64693 fidelity 7154376 2506561 43 3 Total 2930394 08 4 Deduct gross premiums now in course of collection Accident 6029509 health 592257 liability 35800303 fidelity 435986 428580 55 5 Entire premiums collected during the year Accident 29442714 health 5640410 liability 207832954 fidel ity 7265275 2501813 53 6 Deduct reinsurance return premiums and cancellations Accident 6132854 health 1172154 liability 266116 15 fidelity 1996048 359126 71 18 Total net cash actually received for premiums 2142686 82 21 Interest on bonds and dividends on stock 68946 25 22 Interest from all other sources 961 95 24 Total interests and rents 25 Profit on sale or maturity of ledger assets Sale of bonds 69908 20 1497 50 36 Total income 2214092 52 1 H 462 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Accident 14316945 health 2022058 liabili ty 68143284 fidelity 1045437 861277 24 2 Deduct salvage and reinsurance Acci dent 1171281 health 67S57 lia bility 17681 12568 19 13 Net amount paid policy holders for losses 848709 0 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 545136 health 13387 lia bility 17829322 fidelity 219195 18600 40 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 8075635 health 888987 lia bility 46972154 fidelity 947130 568839 06 22 Remitted to home office ox J 23 Salaries fees and other compensation of officers and home office employees 404o0 63 24 Salaries traveling and all other expenses of agents not paid by commissions jj 20 Inspections other than medical oS0 0 20959 4b 27 Rents 30 All other taxes licenses and insurance department fees 42383 91 31 Legal expenses not included in No 14 9309 86 32 Advertising JJJ 33 Printing and stationery 34 Postage and express X 35 Furniture and fixtures 110b lb 36 Loss on sale or maturity of ledger assets Sale of bonds 241 50 40 All other disbursements Bad debts 1902 G0 45 Total disbursements 1976171 98 IVLEDGER ASSETS 4 Book value of bonds excluding interests 2152977 30 5 Cash in companys office 180000 de posited in bank 44795 2247 95 6 Cash deposited with trustees with Kid der Peabody Co 80268 01 Total 2235493 26 10 Less agents credit balances 2004 86 11 Ledger assets 2233488 40COMPTROLLERGENERALS REPORT 463 NOXLEDGER ASSETS 13 Interest due and accrued on bonds 15370 03 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 54550 90 health 508443 liability 341 33058 fidelity 419625 405102 15 On policies or renewals issued prior to October 1 1904 Accident 574419 health 83814 liability 1667245 fidelity 16361 23418 39 33 Total 428580 55 37 Gross assets 2677438 98 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 23418 39 44 Book value of ledger assets over market value viz Bonds 16713 55 Total 40131 94 51 Admitted assets 2637307 04 VLIABILITIES 1 Losses and claims In process of adjustment Accident 42 32000 health 370000 liability 59 83000 fidelity 521500 111065 00 Resisted by company Accident 23840 liability 407500 27915 00 Resisted for policyholders Liability 397875 00 Total 536855 00 15 Deduct reinsurance 3030 00 16 Net unpaid claims 533823 00 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 169418642 unearned premiums 50 per cent 847093 21 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 141266 54 unearned premiums pro rata 73159 63 27 Total unearned premiums 920252 84I BPHHBwHHHl 464 COMPTROLLERGENERALS REPORT 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Accident 1779103 health 175337 liability 8957921 fidelity 99926 38 Other liabilities viz Special reserve 110122 87 250000 CO 47 Total amount of all liabilities except capital 1814200 71 48 Capital actually paid up in cash statu tory deposit 49 Surplus over all liabilities 250000 00 57310G 33 50 Surplus as regards policyholders 51 Total liabilities 823100 33 2C37307 0 Business in the State of Georgia during 1904 Accident Health Liability Fidelity Gross premiums on risks written or renewed during the year 7686 47 Gross losses paid 975 54 Gross losses incurred 745 54 f2854 40 44S3 26 322 52 1524 48 1186 50 1834 48 1881 50 FIDELITY AND CASUALTY COMPANY OF NEW YORK Geobge F Sewabd President Robert J Hillas Secretary Home Office 97103 Cedar Street New York N Y Eugene Obebdobfeb Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 5034316 G9 Extended at 5034310 69 IIINCOME As shown by the books at the home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year Accident 9118550 health 15732569 liability 26301275 fi delity 1483553 plate glass 28941 00 steam boiler 5149243 burgla ry 4077679 647569 75COMPTROLLERGENERALS REPORT 465 Gross premiums written and renewed during the year Accident 2288559 79 health 105432184 liability 2 19440588 fidelity 28758056 plate glass 33459743 steam boiler 462 53713 burglary 63379748 7255800 11 Total 7903369 86 Deduct gross premiums now in course of collection Accident 13266451 health 13682552 liability 259883 38 fidelity 1497817 plate glass 3116169 steam boiler 5281377 burglary 5608260 684409 64 Entire premiums collected during the year Accident 224708078 health 107482201 liability 219753525 fidelity 28743792 plate glass 332 37680 steam boiler 46121579 bur glary 61849167 7218960 22 Deduct reinsurance return premiums and cancellations Accident 812450 46 health 38659695 liability 420 63122 fidelity 4733508 plate glass 5410947 steam boiler 15332540 burglary 13368331 2008131 89 18 Total net cash actually received for premiums 5210828 33 20 Interest on collateral loans 2669 42 21 Interest on bonds and dividends on stock 177447 96 22 Interest from all other sources 4776 42 23 Gross rents from companys property 67798 94 24 Total interest and rents 252692 74 25 Profit on sale or maturity of ledger assets 300 shares Chicago and Alton Railway Company preferred stock 612 50 30 From all other sources Profit and loss 10341 15 36 Total income 544474 72 IIIDISBURSEMENTS As shown by the books at the home office at elose of business Dec 31 1904 1 Gross amount paid for losses Accident 56818233 health 25235451 liabil ity 90095881 fidelity 7974589 plate glass 9576615 steam boiler 9179445 burglary 14746124 2136263 38 80 in 466 COMPTROLLERGENERALS REPORT 2 Deduct salvage and reinsurance Acci dent 2472805 health 536 liabil ity 1294457 fidelity 1929299 plate glass 753249 steam boiler 2051181 burglary 358594 88601 21 3 Net amount pafd policyholders for losses 2047662 17 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 3712950 health 1605189 liability 17107442 fidelity 1491381 plate glass 890015 steam boiler 189280 burglary 1872091 268683 48 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 49424693 health 24165002 lia bility 38422650 fidelity 3997753 plate glass 8570284 steam boiler 6998788 burglary 97 71432 1413506 02 22 Stockholders for interest or dividends amount declared during the year 85000 00 23 Salaries fees and other compensation of officers and home office employees 365152 72 24 Salaries traveling and all other expenses of agents not paid by commissions 237451 45 25 Medical examiners fees and salaries 6316 88 26 Inspections other than medical 179058 59 27 Rents 7580903 including 4432913 for companys own occupancy less 1248696 included in item 14 and 19 63271 in item 24 43689 36 28 Repairs and expenses other than taxes on real estate 27064 05 29 Taxes on real estate 9744 30 30 All other taxes licenses and insurance department fees 89363 36 31 Legal expenses not included in No 14 9002 20 32 Advertising 20543 98 33 Printing and stationery 61456 03 34 Postage and express 23512 32 35 Furniture and fixtures 6964 68 40 All other disbursements Sundry expenses 9269421 profit and loss 303088 95725 19 45 Total disbursements 4989896 68 IVLEDGEB ASSETS As shown by the books at the home office at close of business Dec 31 1904 1 Book value of real estate unincumbered 621081 19 4 Book value of bonds excluding interest 235437459 and stocks 237949800 4733872 59COMPTROLLERGENERALS REPORT 467 5 Cash in companys office 1727149 de posited in bank 15082026 16809175 6 Bills receivable 882 46 5523927 99 9 Deduct ledger liabilities Balance of sun dry accounts 5033 26 11 Ledger assets 5518894 73 NONLEDGEK ASSETS 13 Interest accrued on bonds 6833 28 15 Interest accrued on other assets 2917 56 16 Rents accrued on companys property or lease 1080 34 18 Market value not including interest in item 13 of bonds and stock over book value 546482 41 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 121793 61 health 13050105 liability 19641359 fidelity 1062727 plate glass 2948643 steam boiler 51 26535 burglary 5213593 592223 23 On policies or renewals issued prior to October 1 1904 Accident 1087090 health 632447 liability 6346979 fidelity 435090 plate glass 1675 26 steam boiler 154842 burglary 394667 92186 41 33 Total 684409 64 37 Gross assets 6760617 96 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 882 46 43 Gross premiums in course of collection written prior to October 1 1904 92186 41 50 Total assets not admitted 93068 87 51 Admitted assets 6667549 09 VLIABILITIES 1 Losses and claims In process of adjustment Accident 99 17600 health 1494500 liability 10212750 fidelity 786724 plate glass 756042 steam boiler 16630 70 burglary 3099784 279304 70468 COMPTROLLERGENERALS REPORT Reported proofs not received Accident 4410000 fidelity 1250000 plate glass 34440 56944 40 Resisted by company Accident 71540 health 733040 fidelity 710500 steam boiler 95000 burglary 4028 90953 40 Resisted for policyholders Accident 3307500 liability 52553250 fidel ity 3456950 steam boiler 47500 593652 00 16 Net unpaid claims I0208o4 50 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 505900 health 45460 lia bility 6974000 fidelity 101106 steam boiler 95030 burglary 184347 79058 43 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 4701639 88 unearned premiums 50 per cent 2350819 94 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 726252 13 unearned premiums pro rata 382151 41 27 Total unearned premiums 2732971 35 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Accident 4195789 health 4580587 liability 4247117 fidelity 1 76944 plate glass 908136 steam boiler 1163723 burglary 1050809 163231 05 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 40165 59 38 Other liabilities viz General contingent fund 450 00000 special contingent fund 10000000 550000 00 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 500000 00 49 Surplus over all liabilities 1581268 17 50 Surplus as regards policyholders 4586280 92 20S1268 17 51 Total liabilities 6667549 09 Business in the State of Georgia during 1904 Gross premiums on Risks Written or Renewed dur Gross Losses inj the Year Paid Accident 28562 03 11527 40 Health 14673 13 5240 48 Liability 9652 92 6957 12 Gros9 Losses Incurred 11527 40 5240 48 6957 12COMPTROLLERGENERALS REPORT Fidelity 748 80 Plate glass 3361 11 585 40 Steam boiler 3169 71 633 83 Burglary 4027 13 50 00 Total 64194 83 24994 23 469 585 40 633 83 50 00 24994 23 FIDELITY AND DEPOSIT COMPANY OF MARYLAND Edwin Waefield President Haery Nicodemus Secretary Home Office N W Corner Charles and Lexington Streets Baltimore Md ICAPITAL STOCK 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 5691759 86 Extended at 5691759 86 IIINCOME As shown by the books at the home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year Fidelity and surety 124732 88 Gross premiums written and renewed during the year Fidelity and surety 1342132 99 Total 1466865 87 Deduct gross premiums now in course of collection Fidelity and surety 115394 33 Entire premiums collected during the year Fidelity and surety 1351471 54 Deduct reinsurance return premiums and cancellations Fidelity and surety 30643 96 18 Total net cash actually received for premiums 1320827 58 21 Interest on bonds and dividends on stocks 196437 04 23 Gross rents from companys property 49405 28 24 Total interest and rents 245842 32 30 From all other sources Commissions safe deposit de partment etc 154932 17 36 Total income L721602 07 470 COMPTROLLERGENERALS REPORT HIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for lossesFidelity and surety 2 Deduct salvage and reinsurance Fidelity and surety 663504 33 69907 96 3 Net amount paid policyholders for losses 593596 37 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Surety and fidelity 22624 22 18 Commission on brokerage less amount received on re turn premiums and reinsurance for the following classes Surety and fidelity 349547 08 22 Stockholders for interest or dividends amount declared during the year 280000 00 23 Salaries fees and all other compensation of officers and home office employees 116227 04 24 Salaries traveling and all other expenses of agents not paid by commissions 43933 01 26 Inspection other than medical 11719 97 27 Rents 8909 52 28 Repairs and expenses other than taxes on real estate 25369 61 29 Taxes on real estate 17009 73 30 All other taxes licenses and insurance department fees 72466 56 31 Legal expenses not included in No 14 63217 19 32 Advertising 4135 49 33 Printing and stationery 16263 98 34 Postage and express 10361 94 35 Furniture and fixtures 2883 03 41 Development incidentals etc 26073 17 45 Total disbursements 1664337 91 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1904 1 Book value of real estate unincumbered 735000 00 4 Book value of bonds excluding interest 459840000 and stocks 15110000 4749500 00 5 Cash deposited in bank 264524 02 11 Ledger assets 5749024 02 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 fidel ity and surety 115394 33 37 Gross assets 5864418 35COMPTROLLERGENERALS REPORT 471 VLIABILITIES 1 Losses and claims Adjusted Fidelity and surety 2658 71 In process of adjustment Fidelity and surety 41662 40 Reported proofs not received Fidelity and surety 59391 70 Resisted by company by principals on bonds and by indemnitors after deduct ing amount of collaterals and funds set aside to meet same Fidelity and sure ty 103862 13 16 Net unpaid claims 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy un earned premiums 50 per cent 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Fidelity and surety 207574 94 706626 18 26748 08 47 Total amount of all liabilities except capital 940949 20 48 Capital actually paid up in cash 2000000 00 49 Surplus over all liabilities 2923469 15 50 Surplus as regards policyholders 4923469 15 51 Total liabilities 5864418 35 Business in the State of Georgia during 190 Fidelity Surety Gross premiums on risks written or renewed during the year 16091 12 6237 92 Gross losses paid 938 42 7571 07 Gross losses incurred 2447 51 511 15I i I 472 COMPTROLLERGENERALS REPORT THE FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSUR ANCE COMPANY C H Franklin U S Manager United States Branch Office 100 William St New York City Fair Dodd Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 997464 Extended at 997464 03 IIINCOME As shown by the books at the home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year Accident 517778 liability 23498390 plate glass 2255 240184 23 Gross premiums written and renewed during the year Accident 3345639 liability 109975193 plate glass 329 1133211 61 Total 1373395 84 Deduct gross premiums now in course of collection Accident 452570 liabili ty 24610958 250635 28 Entire premiums collected during the year Accident 3410847 liability 1 08862625 surety 2584 1122760 56 Deduct reinsurance return premiums and cancellations Accident 411090 liability 16576884 169879 74 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 34605 39 22 Interest from all other sources 44 66 24 Total interest and rents 30 From all other sources Remittances from home office 952880 82 34650 05 71240 89 36 Total income 1058771 76COMPTROLLERGENERALS REPORT 473 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Accident 1396054 liability 60478164 plate glass 2391 I 018766 09 3 Net amount paid policyholders for losses 618766 09 18 Commission or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 841044 liability 23953931 plate glass 904 247958 79 22 Stockholders for interest or dividends 6000 00 23 Salaries fees and all other compensation of officers and home office employees 4062 50 24 Salaries traveling and all other expenses of agents not paid by commissions 113903 60 26 Inspections other than medical 11958 44 30 All other taxes licenses and insurance department fees 17739 22 31 Legal expenses not included in No 14 355 85 32 Advertising 3123 9 3 371 48 33 Printing and stationery Mil 34 Postage and express 1646 13 40 All other disbursements Telegrams 123318 miscella neous 324801 4481 19 45 Total disbursements 1033367 19 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1904 4 Book value of bonds excluding interest 1002545 08 5 Cash in companys office 85663 deposited in banks 1798118 8 Cash in hands of trustees 1022868 60 11 Ledger assets 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1904 Accident 4 12345 liability 24074283 244866 28 On policies or renewals issued prior to October 1 1904 Accident 40225 lia bility 536675 5769 00 m 250635 28 33 Total 1273503 88 37 Gross assets T474 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 5769 00 Book value of ledger assets over market value viz Depreciation from cost of bonds to bring same to market value 10570 08 44 Total 16339 08 51 Admitted assets 1257164 80 VLIABILITIES 1 Losses and claims In process of adjustment Accident 4 45000 liability 35899301 Reported proofs not received Marine 363443 01 4995 57 16 Net unpaid claims 368438 58 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 76181686 unearned premiums 50 per cent 380908 43 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1342521 unearned premiums pro rata 7867 61 27 Total unearned premiums 388776 04 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Accident 154629 liability 9027857 91824 86 38 Other liabilities viz 7500 00 47 Total amount of all liabilities except capital 856539 48 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 200625 32 50 Surplus as regards policyholders 400625 32 51 Total liabilities 1257164 80fill COMPTROLLERGENERALS REPORT 475 GENERAL ACCIDENT ASSURANCE CORPORATION LIMITED Muir Haughton United States Managers Home Office U S S W Cor Fourth and Walnut Sts Philadelphia Pa ICAPITAL STOCK 1 Amount of capital paid up in cash N Y Ins Dept 250000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 558078 97 558078 97 IIINCOME As shown by the books at the home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year Accident and health 12 53479 liability 2910862 burglary 857894 50222 35 Gross premiums written and renewed during the year Accident and health 38834712 liability 20860466 bur glary 7665293 673604 71 Total 723827 06 Deduct gross premiums now in course of collection Accident and health 28 55358 liability 3820749 burglary 1137582 78136 89 Entire premiums collected during the year Accident and health 37232833 liability 19950579 burglary 73 85605 645690 17 Deduct reinsurance return premiums and cancellations Accident and health 5428032 liability 4982066 bur glary 1557696 119677 94 18 Total net cash actually received for premiums 526012 23 19 Interest on mortgage loans L308 89 21 Interest on bonds and dividends on stock 13218 90 22 Interest from all other sources 233 78MMMMWMNMNi 476 COMPTROLLERGENERALS REPORT 23 Gross rents from companys property in cluding 500000 for companys own occupancy 6200 00 24 Total interest and rents 20961 57 25 Profit on sale or maturity of ledger assets Redemption Pennsylvania Co bonds 5 00 36 Total income 546978 80 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Accident and health 11198289 liability 72 87582 burglary 1332528 198183 99 2 Deduct salvage and reinsurance Acci dent and health 256601 burglary 146336 4029 37 3 Net amount paid policyholders for losses 194154 62 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 424997 burglary 30374 4553 71 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 9284819 liability 4504016 bur glary 2128875 159177 10 22 Stockholders for interest or dividends amount declared during the year 6497833 remittance home office 64978 33 23 Salaries fees and all other compensation of officers and home office employees 50170 14 25 Medical examiners fees and salaries 1901 43 26 Inspections other than medical 1926 99 27 Rents including 500000 for companys own occupancy 5904 92 28 Repairs and expenses other than taxes on real estate 1313 27 29 Taxes on real estate 1262 25 30 All other taxes licenses and insurance department fees 9708 33 31 Legal expenses not included in No 14 2223 65 32 Advertising 461 50 33 Printing and stationery 17459 17 34 Postage and express 9686 65 35 Furniture and fixtures 2811 03 36 Loss on sale or maturity of ledger assets 5000 W N T Pa R R Co sold 387 80 40 All other disbursements Bank loan repaid 1057453 telegrams 48783 telephone 67492 bonding 9840 auditors 151800 traveling expenses 727145 sub scriptions 52500 advertising buttons 131843 elec tric light 21953 sundry account 455026 27238 35 45 Total disbursements 555319 24COMPTROLLERGENERALS REPORT 477 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1904 1 Book value of real estate unincumbered 98745 87 2 Mortgage loans on real estate first liens 25000 00 4 Book value of bonds excluding interest 39262480 and stocks 1078125 403406 05 5 Deposited in bank Fourth Street National Bank 8 97591 Girard Trust Company 22024 9196 15 7 Other ledger assets Due on accounts with other com panies paid in full January 18 1905 13390 46 11 Ledger assets 549738 53 NONLEDGEK ASSETS 12 Interest due and accrued on mortgages 220 00 13 Interest due and accrued on bonds 3097 89 15 Interest due and accrued on other assets 125 66 Total 3443 55 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident and health 2347481 liability 3776947 bur glary 1126436 72508 64 On policies or renewals issued prior to October 1 1904 Accident and health 507877 liability 43802 burglary 11146 5628 25 33 Total 78136 89 37 Gross assets 631318 97 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection or written prior to October 1 1904 5628 25 44 Book value of ledger assets over market value viz Bonds less value 20877 93 stocks greater 139375 19484 18 Total 25112 43 51 Admitted assets 606206 54 VLIABILITIES 1 Losses and claims In process of adjustment Accident and health 1227741 burglary 109400 13371 41 478 COMPTROLLERGENERALS REPORT Resisted by company Accident and health 64000 burglary 2500 665 00 Resisted for policyholders Accident and health 59595 00 16 Net unpaid claims 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 24058662 unearned premiums 50 per cent 170293 32 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1920002 unearned premiums pro rata 15892 15 27 Total unearned premiums 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Accident 710708 liability 1120213 burglary 384997 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash N Y Ins Dept deposit 250000 00 49 Surplus over all liabilities 70230 48 50 Surplus as regards policyholders 51 Total liabilities 73631 41 186185 47 22159 18 4000 00 285976 06 320230 48 606206 54 GENERAL ACCIDENT INSURANCE COMPANY OF PENNSYLVANIA Wm A Muib President J Paul Haughton Secretary Principal Office S W Corner Fourth and Walnut Streets Philadelphia Pa Wm A Wbiciit Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year 197853 76 Extended at 197853 76COMPTROLLERGENERALS REPORT 479 IIINCOME DURING YEAR 1904 1 Cash received for premiums on new policies and for re newal premiums without deductions for commissions or other expenses 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 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 IIIDISBURSEMENTS DURING YEAR 1904 1 Cash paid for death accident 17 Cash paid for commissions and bonuses to agents less commission on reinsurance 19 Cash paid for medical examiners fees 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 22 Cash paid for taxes on reserves and investments 23 Cash paid for insurance department fees and agents li censes 24 Cash paid for rent 27 Cash paid for advertising 5100 printing 190085 28 Cash paid for legal expenses 29 Cash paid for the following items viz Adjustments 159125 postage and express 5401 traveling ex penses 130305 sundry expenses 2280 252240 13 160 00 6557 27 225 71 20 00 259203 11 108097 91 73913 62 1800 75 9900 00 3030 07 1482 23 1200 00 1951 85 747 91 2971 11 30 Total disbursements 205095 45 IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 8 Cash deposited in banks 13 Total net or ledger assets 4000 00 239803 75 8157 67 251961 42 OTHER ASSETS 14 Interest accrued on mortgages 44 44 15 Interest accrued on bonds and stocks 2916 63 18 Interest accrued on other assets 103 58 Total carried out 3064 65 23 Gross premiums in course of collection on new business 13252 08 28 Total assets as per the books of the company 268278 15480 COMPTROLLERGENERALS REPORT ITEMS SOT ADMITTED 4 Premiums in course of collection over three months 6 Book value of ledger assets over market value 1088 47 3843 75 Total 9 Total assets less items not admitted VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1904 computed accord ing to the actual unearned premiums thereon 5 Claims for losses in process of adjust ment or adjusted and not due 13161 75 6 Claims for losses and other policy claims resisted by the company 4150 00 Total policy claims 12 Amount of national State or other taxes due salaries rents and office expenses 17 Liabilities on policyholders account 18 Gross surplus on policy holders account Capital 100 00000 surplus 5518221 4932 22 263345 93 51802 14 17311 75 39049 83 108163 72 155182 21 19 Total liabilities 263345 93 GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OF NEW YORK Louis H Fibel President Thomas H Darlino Secretary Home Office 290294 Broadway New York N Y Richard E Bell Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 150000 00 2 Amount of ledger assets as per balance December 31 of previous year 244095 18 3 Increase of paidup capital during the year 25000 00 Extended at 269095 18COMPTROLLERGENERALS REPORT 481 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 1756105 health 2 74075 20301 80 Gross premiums written and renewed during the year Accident 221744 47 health 5060196 272346 43 Total 292648 23 Deduct gross premiums now in course of collection Accident 1447582 health 303830 17514 12 Entire premiums collected during the year Accident 22482970 health 5030441 275134 11 Deduct reinsurance return premiums and cancellations Accident 38632 09 health 1015620 48788 29 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 8190 16 22 Interest from all other sources 542 22 24 Total interest and rents Profit on sale or maturity of ledger assets 100 Union Pacific preferred stock 37500 4 Union Pacific con vertible bonds 59500 25 226345 82 8732 38 970 00 36 Total income 236048 20 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Net amount paid policyholders for losses Accident 84 10964 health 681651 18 Commissions or brokerage less amount received on re turn premiums and reinsurance 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 27 Rents 30 All other taxes licenses and insurance department fees 31 Legal expenses 31 in 90926 15 64447 13 6562 50 28775 17 735 00 1717 00 2812 50 4393 46 819 424g2 COMPTROLLERGENERALS REPORT 32 Advertising 604 54 33 Printing and stationery 7002 01 34 Postage and express 2375 0J 35 Furniture and fixtures 1028 63 40 All other disbursements Return premiums 288965 Journal sub 11725 traveling expense 299488 general expense 515137 n153 15 45 Total disbursements 223351 66 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 4 Book value of bonds excluding interest 15781167 and stocks 8751875 f 245330 42 5 Cash in companys office 761191 deposited in bank 2884939 36461 30 11 Ledger assets 281791 72 NONLEDGER ASSETS 13 Interest due and accrued on bonds 2357 66 15 Interest due and accrued on other assets 37 73 18 Market value not including interest in item 13 of bonds and stock over book value 5399 58 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1904 Accident 1444082 health 303830 17479 12 On policies or renewals issued prior to October 1 1904 Accident 35 00 33 Total 17514 12 37 Gross assets 307100 81 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 35 00 51 Admitted assets 307065 81 VLIABILITIES 1 Losses and claims In process of adjustment Accident 4000 00 Reported proofs not received Accident 417333 health 96640 5139 73 Resisted by company Accident 1900 00 16 Net unpaid claims 11039 73COMPTROLLERGENERALS REPORT 483 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 16872556 unearned premiums 50 per cent 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Accident 533337 health 166019 50 Surplus as regards policyholders 84362 78 6993 56 47 Total amount of all liabilities except capital 102396 07 48 Capital actually paid up in cash 150000 00 49 Surplus over all liabilities 54669 74 204669 74 51 Total liabilities 307065 81 Business in the State of Georgia during 190J Accident Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred 774 50 77 46 77 46 Health 234 93 GUARANTEE COMPANY OF NORTH AMERICA Edward Rawlings President Richaed B Scott Secretary Home Office 57 Beaver Hall Hill Montreal Canada James S Russell Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 304600 00 2 Amount of ledger assets as per balance December 31 of previous year 1216931 14 Extended at 121693114 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last Fidelity 8433 14 year Gross premiums written and renewed dur ing the year 257857 15 Total 266290 29 484 COMPTROLLERGENERALS REPORT Deduct gross premiums now in course of collection 6044 78 Entire premiums collected during the year 260245 51 Deduct reinsurance return premiums and cancellations 62436 06 18 Total net cash actually received for premiums 197809 45 19 Interest on mortgage loansI 21 Interest on bonds and dividends on stock 22 Interest from all other sources 23 Gross rents from companys property in cluding 2250 for companys own oc cupancy 61 89 46525 69 2510 52 3845 44 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Twin City stock 350 shares 52943 54 1113 22 36 Total income 251866 21 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses fidelity 68797 48 2 Deduct salvage and reinsurance 18637 57 18 22 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Fidelity Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 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 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 50159 91 1810 38 4276 24 24368 00 47046 95 22917 82 14196 99 7277 89 762 55 1004 44 6571 34 1153 00 1107 09 3249 97 6149 72 2942 12 45 Total disbursements 194964 41COMPTROLLERGENERALS REPORT 485 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 60350 00 4 Book value of bonds excluding interest 33898300 and stocks 70154442 1040527 42 5 Cash in companys offices 282545 deposited in bank 13507852 137903 97 7 Other ledger assets Office furniture and safes 3691 55 11 Ledger assets 1242472 94 NONLEDGER ASSETS 13 Interest due and accrued on bonds 6135 49 15 Interest due and accrued on other assets 1200 00 18 Market value not including interest in item 13 of bonds and stocks over book value 23065 25 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to Oct 1 1904 fidelity 6044 78 37 Gross assets 1278918 46 DEDUCT ASSETS NOT ADMITTED 40 Furniture and fixtures 3691 55 51 Admitted assets 1275226 91 VLIABILITIES 1 Losses and claims In process of adjustment fidelity Resisted by company fidelity 27898 00 15160 00 16 Net unpaid claims 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 21108994 unearned premiums 50 per cent 105544 97 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 18750 unearned premiums pro rata 26 187 50 Total unearned premiums Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Fidelity Salaries rents expenses taxes bills accounts fees etc due or accrued 38 Other liabilities viz Special reserve for contingencies 27 28 32 35478 00 105732 47 302 25 6738 33 20000 00 47 Total amount of all liabilities except capital 168251 05486 COMPTROLLERGENERALS REPORT Capital actually paid up in cash 304600 00 49 Surplus over all liabilities WUb bb 50 Surplus as regards policyholders 41 Total liabilities Business in Georgia during 1904 1106975 86 1275226 91 Gross premiums written or renewed during the year Qross losses paid Gross losses incurred Fidelity 6210 23 730 06 3589 99 SARTFORD STEAM BOILER INSPECTION AND INSURANCE COM PANY OF CONNECTICUT L B Brainerd President Home Office 650 Main Street Hartford Conn J B Pierce Secretary ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of net ledger assets as per bal ance December 31 1903 291253 49 Extended at v IIINCOME As shown by the books at the home office at close of business December 31 Steam Boiler Gross premiums unpaid December 31 last year 335550 71 Gross premiums written and renewed during the year 1378416 84 Total 1713967 55 Deduct gross premiums now in course of collection 264450 52 1449517 03 Entire premiums collected during the year Deduct reinsurance return premiums and cancellations 188460 86 18 Total net cash actually received for premiums 1261056 17 19 Interest on mortgage loans 38341 87 21 Interest on bonds and dividends on stock 94058 42COMPTROLLERGENERALS REPORT 487 22 Interest from all other sources 2962 34 23 Gross rents from companys property 543 86 24 Total interest and rents 135906 49 25 Profit on sale or maturity of ledger assets Real estate 935 00 29 Special inspections and expert mechanical service 9972 66 36 Total income 1407870 32 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Net amount paid policyholders for losses Steam boiler 53749 72 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Steam boiler 292800 83 22 Stockholders for interest or dividends amount declared during the year 60000 00 23 Salaries fees and all other compensation of officers and home office employees 50760 00 24 Salaries traveling and all other expenses of agents not paid by commissions 137250 43 26 Inspections other than medical 477829 31 27 Rents for companys own occupancy 5500 00 28 Repairs and expenses other than taxes on real estate 227 19 29 Taxes on real estate 330 42 30 All other taxes licenses and insurance department fees 42476 87 31 Legal expenses 542 45 32 Advertising 7013 38 33 Printing and stationery 16443 43 34 Postage and express 397 91 35 Furniture and fixtures i890 00 36 Loss on sale or maturity of ledger assets On sale or maturity of securities 798 25 45 Total disbursements 1148010 19 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 16390 00 2 Mortgage loans on real estate first liens 775270 00 4 Book value of bonds excluding interest 179894893 and stocks 26041573 2059364 66 5 Cash in companys office 2216207 deposited in bank 17792689 200088 96 11 Ledger assets 3051113 62488 COMPTROLLERGENERALS REPORT NONLEDGER ASSETS 12 Interest accrued on mortgages 18 Market value of bonds and stocks over book value 19 Gross premiums in course of collection viz On policies or renewals issued subsequent steam Boiler to October 1 1904 173296 65 On policies or renewals issued prior to October 1 1904 91153 87 18357 32 169777 34 33 Total 264450 52 37 Gross assets 3503698 80 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 91153 87 55833 25 51 Admitted assets 3412544 93 VLIABILITIES 1 Losses and claims In process of adjustment steam boiler 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 6942202 unearned premiums 50 per cent 34711 01 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 3484 10788 unearned premiums pro rata 1776954 95 27 Total unearned premiums 1811665 96 28 Commissions brokerages and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Steam boiler 34679 33 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 500000 00 49 Surplus over all liabilities 1010366 39 1902178 54 50 Surplus as regards policyholders 1510366 39 51 Total liabilities 3412544 93 52 Special deposits in excess of liabilities 4321 59 Business in Georgia during lQOi Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred Steam Boiler 16140 70 80 06 574 51COMPTROLLERGENERALS REPORT 489 LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK William T Woods President Chakles E W Chambers Secretary Home Office 63 William Street New York A L Waldo Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 659888 38 Extended at 6598 38 IIINCOME As shown by the books at the home office at close of business December 31 Plate Glass Gross premiums unpaid December 31 last year 3151 X1 Gross premiums written and renewed dur ing the year 457245 01 Total 530396 12 Deduct gross premiums now in course of collection 13 Entire premiums collected during the year 453853 99 Deduct reinsurance return premiums and cancellations 21980 53 18 Total net cash actually received for premiums 431873 46 21 Interest on bonds and dividends on stock 17194 35 23 Gross rents from companys property 14856 88 24 Total interest and rents 36 Total income 32051 23 463924 69 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 PlatP Glass 1 Gross amount paid for losses 147272 93 2 Deduct salvage and reinsurance 3 Net amount paid policyholders for losses 6040 12 141232 81490 COMPTROLLERGENERALS REPORT 18 Commissions or brokerage less amount received on re turn 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 Salaries traveling and all other expenses of agents not paid by commissions Rents Repairs and expenses other than taxes on real estate 24 27 28 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 Sundries 514435 profit and loss 16190 45 Total disbursements IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 245703 18 4 Book value of bonds excluding interest 20909612 and stocks 22447496 433571 08 5 Cash in companys office 1107697 deposited in bank 1070160 21778 57 147217 12 40000 00 52358 63 877 16 1150 88 5893 28 5247 53 13334 06 872 02 2399 32 2670 47 4018 03 122 68 5306 25 422700 24 11 Ledger assets 17 Market value of real estate over book value 18 Market value of bonds and stocks over book value 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 70047 23 On policies or renewals issued prior to October 1 1904 6494 90 701112 83 19236 82 18428 90 33 Total 34 Other nonledger assets viz Salvage glass on hand 994405 sundry accounts 22000 70542 13 10164 05 37 Gross assets 825484 73 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 6494 90COMPTROLLERGENERALS REPORT 491 44 Book value of ledger assets over market value viz Salvage glass on hand 9 94405 sundry accounts 22000 51 Admitted assets 10164 05 16658 95 3825 78 VLIABILITIES 1 Losses and claims In process of adjustment plate glass 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 374460 20 unearned premiums 50 per cent 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 104746 52 unearned premiums pro rata 187230 10 52917 66 27 Total 28 unearned premiums 32 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Plate glass Salaries rents expenses taxes bills accounts fees etc due or accrued including plate glass and glazing 3685 47 50 Surplus as regards policyholders 51 Total liabilities Business in Georgia during 1904 risks written or renewed during the 240147 76 17511 81 8223 30 47 Total amount of all liabilities except capital 269568 34 48 Capital actually paid up in cash 250000 00 49 Surplus over all liabilities 289257 44 539257 44 808825 78 Plate Glass Gross premiums on ris 1 935 Q2 year Gross losses paid Gross losses incurred 293 09 310 18 1 492 COMPTROLLERGENERALS REPORT LONDON GUARANTEE AND ACCIDENT COMPANY LIMITED OP GREAT BRITAIN 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 ICAPITAL STOCK 1 Amount of capital paid up in cash statutory de posit 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 1317493 81 Extended at 1317493 81 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 3637818 liability 17156564 207943 82 Gross premiums written and renewed during the year Accident 18490497 liability 118590501 1370809 98 Total 1578753 80 Deduct gross premiums now in course of collection Accident 3400466 lia bility 20813956 242144 22 Entire premiums collected during the year Accident 18727849 liability 114933109 1336609 58 Deduct reinsurance return premiums and cancellations Accident 39138 89 liability 14370662 182845 51 18 Net cash actually received for premiums 1153764 07 21 Interest on bonds and dividends on stock 41576 44 22 Interest from all other sources 1806 79 24 Total interest and rents 43383 23 36 Total income 1197147 30COMPTROLLERGENERALS REPORT 493 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Net amount paid policyholders for losses Accident 63 15573 liability 36730146 430457 19 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 126144 liability 13845129 139712 73 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 4162397 liability 26783331 309457 28 22 Stockholders for interest or dividends amount declared during the year remitted home office 44113 80 23 Salaries fees and other compensation of officers and home office employees 60865 04 24 Salaries traveling and all other expenses of agents not paid by commissions 19450 23 26 Inspections other than medical 8696 76 27 Rents 7533 44 30 All other taxes licenses and insurance department fees 18742 29 31 Legal expenses not included in No 14 1372 20 32 Advertising 3714 28 33 Printing and stationery 7885 58 34 Postage and express 3273 64 35 Furniture and fixtures 1659 04 36 Loss on sale or maturity of ledger assets New York Central and H R R 4 per cent debenture certificates 996 26 40 All other disbursements Traveling expenses 553355 exchange 26007 trustees and auditors fees 2200 sundries 1878795 26781 57 45 Total disbursements 1084711 33 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 4 Book value of bonds excluding interest 1270972 88 5 Cash in companys office 695690 deposited in bank 15200000 158956 90 11 Ledger assets 1429929 78 KONLEDGER ASSETS 13 Interest accrued on bonds 14465 34 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 27736 76 liability 20212157 229858 33494 COMPTROLLERGENERALS REPORT On policies or renewals issued prior to October 1 1904 Accident 626790 liability 601799 12285 89 33 Total 37 Gross assets 242144 22 DEDUCT ASSETS NOT ADMITTED 1686539 34 43 Gross premiums in course of collection written prior to October 11904 12285 89 44 Book value of ledger assets over market 27395 07 value 51 Admitted assets 39680 96 1646858 38 VLIABILITIES 1 Losses and claims In process of adjustment Accident Resisted by company Accident 15937 16 liability 640000 16816 99 22337 16 16 Net unpaid claims 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 86993569 unearned premiums 50 per cent 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 32925 13 unearned premiums pro rata 434967 84 21677 44 27 Total unearned premiums 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Accident 762760 liability 5558342 Salaries rents expenses taxes bills accounts fees etc due or accrued Reinsurance Other liabilities viz Reserve for State fees and taxes 2000000 contingent reserve liability department 15000000 32 37 38 39154 15 420925 00 456645 28 63211 02 2038 23 4810 03 170000 00 47 Total amount of all liabilities except capital 1156783 71COMPTROLLERGENERALS REPORT 495 48 Capital actually paid up in cash statu tory deposit 200000 00 49 Surplus over all liabilities 290074 67 50 Surplus as regards policyholders 490074 67 51 Total liabilities 1646858 38 Business in Georgia during 1901 Accident Liability Gross premiums on risks written or renewed during the year 1741 30 6728 15 Gross losses paid 1067 83 4713 57 Gross losses incurred 1067 83 4713 57 MARYLAND CASUALTY COMPANY OP MARYLAND John T Stone President James P Mitchell Secretary Home Office 625 St Paul Street Baltimore Md A Haas Son Atlanta Attorneys for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 2676046 06 Extended at 2676046 06 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 4864101 health 5 50856 liability 27205784 plate glass 2218932 steam boiler 23 12176 burglary 1547563 sprink ler 1165696 398651 08 Gross premiums written and renewed during the year Accident 626417 74 health 6388307 liability 1 59139262 plate glass 28326247 steam boiler 11134761 burglary 17636856 sprinkler 7808357 2930755 64 Tota 3329406 72496 COMPTROLLERGENERALS REPORT Deduct gross premiums now in course of collection Accident 8131325 health 905634 liability 25261726 plate glass 3463962 steam boiler 2246466 burglary 2810284 sprinkler 1228949 440483 46 Entire premiums collected during the year Accident 59374550 health 6033529 liability 161083320 plate glass 27081217 steam boiler 11200471 burglary 16374135 sprinkler 7745104 2888923 26 Deduct reinsurance return premiums and cancellations Accident 13608413 health 1681055 liability 345804 09 plate glass 6413715 steam boil er 2866289 burglary 4456506 sprinkler 1419423 650258 10 18 Total net cash actually received for premiums 2238665 16 21 Interest on bonds and dividends on stock 91301 82 22 Interest from all other sources 1235 27 24 Total interest and rents 92537 09 29 Inspections 56316 96 30 From all other sources Item charged to uncollected premiums afterwards collected 316 13 36 Total income 2387835 34 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Net amount paid policyholders for losses Accident 20632082 health 3434220 liability 48423112 plate glass 7976202 steam boiler 1244388 bur glary 2816678 sprinkler 1175210 857018 92 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 581809 health 105912 liability 23091477 plate glass 6182 steam boiler 168809 burglary 265958 sprinkler117020 24337167 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 13856311 health 1315350 lia bility 29473333 plate glass 5866400 steam boil er 3136723 burglary 3487491 sprinkler 14 80772 586163 80 22 Stockholders for interest or dividends amount declared during the year 93750 00COMPTROLLERGENERALS REPORT 497 23 Salaries fees and other compensation of officers and home office employees 118256 90 24 Salaries traveling and all other expenses of agents not paid hy commissions 114336 75 25 Medical examiners fees and salaries 1500 00 26 Inspections other than medical 51257 24 27 Rents 6751 50 30 All other taxes licenses and insurance department fees 44412 49 31 Legal expenses not included in No 14 4999 92 32 Advertising 12476 51 33 Printing and stationery 16867 12 34 Postage and express 4544 03 35 Furniture and fixtures 4022 35 36 Loss on sale or maturity of ledger assets Baltimore city stock 1916 969 50 40 All other disbursements General expenses 1016882 traveling expenses 428718 14456 00 45 Total disbursements 2175154 70 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 284457 14 4 Book value of bonds excluding interest 210090732 and stocks 24724675 2348154 07 5 Cash in companys office 1788157 deposited in bank 10952029 127401 86 6 Bills receivable 5375 77 7 Other ledger assets Agents balances 1303286 ground rent 10000000 plate glass in stock 10 30500 123337 86 11 Ledger assets 2888726 70 KONLEDGER ASSETS 13 Interest due and accrued on bonds 11954 62 18 Market value not including interest in item 13 of bonds and stock over book value 37295 84 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Acci dent 8131325 health 905634 liability 252617 26 plate glass 3463962 steam boiler 2246466 burglary 2810284 sprinkler 1228949 440483 46 37 Gross assets 32 in 3378460 62498 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 5375 77 44 Book value of ledger assets over market value viz Agents balances 13032 86 18408 63 61 Admitted assets 3360051 99 VLIABILITIES 1 Losses and claims In process of adjustment Accident 31 51777 health 492180 liability 5288000 plate glass 240037 steam boiler 46800 burglary 6 52582 sprinkler 657607 Resisted by company Accident 6980 burglary 61864 Resisted for policyholders Liability 105289 83 7598 64 335000 00 16 Net unpaid claims 17 Special reserve for unpaid losses viz Liability 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 962446 health 123044 liability 9697000 plate glass 60009 steam boiler 11700 burglary 178611 sprinkler 164401 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 162601225 unearned premiums 50 per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 204560 82 unearned premiums pro rata 26 813006 13 108103 23 447888 47 125000 00 111972 11 27 Total unearned premiums 921109 36 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Accident 2845964 health 271690 liability 6315431 plate glass 1108785 steam boiler 561617 burglary 7025 71 sprinkler 307237 121132 95 47 Total amount of all liabilities except capital 1727102 83 48 Capital actually paid up in cash 750000 00 49 Surplus over all liabilities 882949 10 50 Surplus as regards policyholders 1632949 10 51 Total liabilities 3360051 99COMPTROLLERGENERALS REPORT 499 Business in Georgia during 1904 Gross Premiums on Risks Written or Renewed dur Gross Losses Gross Losses iug the Year Paid Incurred Accident 32417 97 13154 37 13154 37 Health 753 35 1086 95 1086 95 Liability 22985 18 19478 35 19478 35 Plate glass 2048 35 350 04 350 04 Steam boiler 1462 23 32 38 32 38 Burglary 1431 50 106 00 106 00 Sprinkler 614 60 METROPOLITAN PLATE GLASS AND CASUALTY INSURANCE COM PANY OF NEW YORK Eugene H Winslow President S Wit Burton Secretary Home Office 47 Cedar Street New York City Henry M North Augusta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 508838 72 508838 72 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Plate glass 58364 05 Gross premiums written and renewed during the year Accident 1808625 health 129725 plate glass 454 47004 Total 18 Net cash actually received for premiums 473853 54 532217 59 Deduct gross premiums now in course of collection Accident 469613 health 48800 plate glass 6638374 71567 87 Entire premiums collected during the year Accident 1339012 health 80925 plate glass 44645035 Deduct reinsurance return premiums and cancellations Accident 161820 health 15000 plate glass 5945296 460649 72 61221 16 399428 56500 COMPTROLLERGENERALS REPORT 21 Interest on bonds and dividends on stock 18225 00 22 Interest from all other sources 587 87 24 Total interest and rents 18812 87 25 Profit on sale or maturity of ledger assets 12483 02 36 Total income I 430724 45 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Accident 92534 plate glass 14221711 143142 45 2 Deduct salvage and reinsurance Plate glass 15676 02 3 Net amount paid policyholders for losses 127466 43 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 399488 health 21975 plate glass 14381382 148028 45 22 Stockholders for interest or dividends amount declared during the year 20000 00 23 Salaries fees and other compensation of officers and home office employees 50973 57 24 Salaries traveling and all other expenses of agents not paid by commissions 7940 44 25 Medical examiners fees and salaries 25 50 27 Rents 6430 80 30 All other taxes licenses and insurance department fees 12139 63 31 Legal expenses not included in No 14 770 72 32 Advertising 3341 73 33 Printing and stationery 9288 48 34 Postage and express 3130 90 35 Furniture and fixtures 1711 42 40 All other disbursements Profit and loss 5594 sun dries 089384 6949 78 45 Total disbursements 398209 85 IVLEDGER ASSETS 4 Book value of bonds excluding interest 41530625 and stocks 8394120 499247 45 5 Cash in companys office 164492 depos ited in bank 4040095 42105 87 11 Ledger assets 541353 32COMPTROLLERGENERALS REPORT 501 NONLEDGER ASSETS 13 Interest due 300000 and accrued 114580 on bonds 4145 80 18 Market value not including interest in item 13 of bonds and stock over book value 31502 55 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 447068 health 48800 plate glass 6455414 69512 82 On policies or renewals issued prior to October 31 1904 Accident 22545 plate glass 182960 2055 05 33 Total 71567 87 34 Other nonledger assets vizPlate glass on hand 2637 62 accounts due for glass sold 102443 3662 05 37 Gross assets I 652231 59 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 2055 05 51 Admitted assets 650176 54 VLIABILITIES 1 Losses and claims In process of adjustment Plate glass 3696 24 Reported proofs not received Accident 49000 health 5000 plate glass 5 00000 5540 00 16 Net unpaid claims 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 41865831 unearned premiums 50 per cent 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 Accident 1490223 health 16267 plate glass 2151804 38 Other liabilities viz Contingent fund 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 201440 20 50 Surplus as regards policyholders 51 Total liabilities 9236 24 209329 16 23170 94 7000 00 248736 34 401440 20 650176 54502 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Accident Health Gross premiums and risks written or renewed during the year 116 25 14 00 Gross losses paid Gross losses incurred Plate Glass 2760 45 974 16 806 46 THE NATIONAL SURETY COMPANY NEW YORK WM B Joyce President Samuel H Shiver Secretary Home Office 346 Broadway New York N Y Chas H Black Atlanta Attorney for Service in Georgia ICAPITAL stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 1706725 09 Extended at 1706725 09 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Fidelity and surety 123000 21 Gross premiums written and renewed during the year Fidelity and surety 123658618 burglary 6907726 1305663 44 Total 1428663 64 Deduct gross premiums now in course of collection Fidelity and surety 163 07003 burglary 2464292 187712 95 Entire premiums collected during the year Fidelity and surety 119651635 burglary 4443434 1240950 69 Deduct reinsurance return premiums and cancellations Fidelity and surety 20532443 burglary 1025315 215577 58 18 Total net cash actually received for premiums 1025373 11 19 Interest on mortgage loans I33 51 20 Interest on collateral loans 566 67 COMPTROLLERGENERALS REPORT 503 21 Interest on bonds and dividends on stock 35865 00 22 Interest from all other sources 7746 52 23 Gross rents from companys property 5538 00 24 Total interest and rents 49849 70 30 From all other sources Trust funds 210632 miscel laneous income 4681 suspense accounts 311740 reinsurance reserve fund held 1060695 15877 48 36 Total income L091100 29 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Fidelity and surety 40523226 burglary 506 60 405738 86 2 Deduct salvage and reinsurance Fideli ty and surety 118317 10 3 Net amount paid policyholders 287421 76 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Surety and fidelity 55397 01 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Surety and fidelity 16116261 burglary 7 12136 168273 97 23 Salaries fees and other compensation of officers and home office employees x 24 Salaries traveling and all other expenses of agents not paid by commissions 25 Compensation of resident vicepresidents and consulting lljboU ol attorneys 1112832 26 Inspection other than medical 27 Rsnts 28 Repairs and expenses other than taxes on real estate 697 89 29 Taxes on real estate onKC Af 30 All other taxes licenses and insurance department fees 20562 45 32 Advertising 18978 17 33 Printing and stationery gg 34 Postage and express g293 35 Furniture and fixtures 36 Loss on sale or maturity of ledger assets On sale of Commonwealth Trust Company stock 61750 on one piece real estate 35000 40 All other disbursements Telephone and telegraph 2 916 00 H O traveling expenses 514439 miscellane ous expenses 3424706 42307 905936 08 45 Total disbursements 504 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value ot real estate unincumbered 152208 55 2 Mortgage loans on real estate first liens 4339 65 3 Loans secured by pledge of bonds stocks or other collat terals 30000 00 4 Book value of bonds excluding interest 1164364 50 5 Cash in companys office 996910 deposited in bank 47474385 484712 95 6 Bills receivable 4680 05 7 Other ledger assets Equipment 2700583 advanced on contracts second 2457777 51583 60 11 Ledger assets 1891889 30 NONLEDGER ASSETS 12 Interest due 22080 and accrued 7571 on mortgages 296 31 13 Interest due and accrued on bonds 6564 12 15 Interest due and accrued on other assets 74 62 Total 6935 05 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Fidelity and sure ty 12240528 burglary 2340006 145805 34 On policies or renewals issued prior to October 1 1904 Fidelity and surety 4066475 burglary 124286 41907 61 33 Total 187712 95 34 Other nonledger assets viz Reinsurance salvage due from other companies 1050500 bonded attorneys subscriptions 16300 10668 00 37 Gross assets 2097205 30 DEDUCT ASSETS NOT ADMITTED 40 Furniture and fixtures equipment 27005 83 43 Gross premiums in course of collection written prior to October 1 1904 41907 61 44 Book value of ledger assets over market value viz On real estate 1620855 on stocks and bonds cost value of bonds in excess of present market value 6128950 on advanced con tracts 25768 77755 73 Total 146669 17 51 Admitted assets 1950536 13COMPTROLLERGENERALS REPORT 505 VLIABILITIES 1 Losses and claims In process of adjustment Fidelity 29 75680 surety 1158434 burglary 75800 42099 14 Resisted by company Fidelity 57045 63 surety 6070700 117752 63 16 Net unpaid claims 159851 77 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1 14801505 unearned premiums 50 per cent 574007 52 28 Commission brokerage and other charges due and to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Surety and fidelity 19 75910 burglary 702002 26779 12 32 Accounts due or accrued 1664 10 37 Reinsurance 508119 company surety 118700 6208 19 38 Other liabilities viz Trust fund etc 12205606 con tingent reserve a voluntary safety fund created by the company 25000000 372053 06 47 Total amount of all liabilities except capital 1140623 76 48 Capital actually paid up in cash 500000 00 49 Surplus over all liabilities 309912 37 50 Surplus as regards policyholders 809912 37 51 Total liabilities 1950536 13 Business in the State of Georgia during 1904 Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred Fidel tv and ciurety 10346 11 3249 16 5238 98 Burglary 387 75506 COMPTROLLERGENERALS REPORT THE NEW YORK PLATE GLASS INSURANCE COMPANY Max Donzicer President Major A White Secretary Home Office 42 Cedar Street New York City N Y J C Clark Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 3 Increase of paidup capital during the year 518955 09 100000 00 Extended at 618955 09 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Plate glass 92330 26 Gross premiums written and renewed during the year Plate glass 536084 96 Total 628415 22 Deduct gross premiums now in course of collection Plate glass 90834 06 Entire premiums collected during the year Plate glass 537581 16 Deduct reinsurance return premiums and cancellations Plate glass 80884 57 18 Total net cash actually received for premiums 456696 59 19 Interest on mortgage loans 721 25 21 Interest on bonds and dividends on stock 19914 50 22 Interest from all other sources 870 13 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Stocks 21505 88 3009 32 36 Total income 481211 79COMPTROLLERGENERALS REPORT 507 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1904 1 Gross amount paid for losses Plate glass 157888 40 2 Deduct salvage and reinsurance Plate 2551 lo 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz 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 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 19675 suspense 26148 general expense 977893 45 Total disbursements 155337 17 164618 29 112000 00 39317 50 5071 84 6274 92 12051 08 561 00 125 98 3242 71 1462 79 358 20 9817 16 510658 64 As shown by the IVLEDGER ASSETS books at the home office at close of business Dec 31 1904 4 Book value of bonds excluding interest 15290012 and stocks 40948312 vi 5 Cash in companys office 162217 deposited in bank 2550283 11 Ledger assets 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 October 1 1904 Plate glassI On policies or renewals issued prior to October 1 1904 Plate glass 33 Total 37 Gross assets 562383 24 27125 00 589508 24 45787 76 90638 50 195 56 90834 06 726130 06M m I 508 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 51 Admitted assets 195 56 725934 50 VLIABILITIES 1 Losses and claims in process of adjustment Plate glass 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 44049204 unearned premiums 50 per cent 220246 02 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2700133 unearned premiums pro rata 13185 18 27 Total unearned premiums 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Plate glass 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 33 Dividends declared to stockholders not yet due 36 Return premiums 3390 20 233431 20 31707 77 1057 08 6000 00 3130 45 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 247217 80 50 Surplus as regards policyholders 51 Total liabilities 278716 70 447217 80 725934 50 Business in the State of Georgia during the year Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred Plate Glass 1312 29 244 50 244 50COMPTROLLERGENERALS REPORT 509 THE NORTH AMERICAN ACCIDENT INSURANCE COMPANY E C Waller President A E Forrest Secretary Home Office 217 LaSalle Street Chicago 111 Shepard Bryan Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 241579 47 Extended at I 241579 47 IIINCOME As shown by the books at the home office at close of business Dec 31 1904 Gross premiums unpaid December 31 last year Accident 56297 23 Gross premiums written and renewed during the year Accident 519245 96 Total 575543 19 Deduct gross premiums now in course of collection Accident 52387 05 Entire premiums collected during the year Accident 523156 14 Deduct reinsurance return premiums and cancellations Accident 87949 87 18 Total net cash actually received for premiums 19 Interest on mortgage loans 2715 00 20 Interest on collateral loans 653 33 21 Interest on bonds and dividends on stock 5247 34 22 Interest from all other sources 985 46 24 Total interest and rents 435206 27 9601 13 36 Total income 444807 40 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Accident 1 Gross amount paid for losses 152154 40 2 Deduct salvage and reinsurance 512 19 3 Net amount paid policyholders for losses 151642 2151Q COMPTROLLERGENERALS REPORT 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 re turn premiums and reinsurance for the following lilbob O classes Accident 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 a 4oyi bo 27 Rents at 30 All other taxes licenses and insurance department fees 7955 za 32 Advertising printing and stationery 34 Postage and express 1 072 50 35 Furniture and fixtures 40 All other disbursements Traveling expenses 448648 incidental expenses 915199 hospital fees 42799 14066 46 383208 97 45 Total disbursements IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 2 Mortgage loans on real estate first liens 70050 00 3 Loans secured by pledge of bonds stocks or other col 1 Jit PIS Is 4 Book value of bonds excluding interest 159623 61 5 Cash in companys office 94298 deposited in bank 5765573 58598 71 7 Other ledger assets Agents ledger debtor balances se 1905 58 cured T to 303177 90 11 Ledger assets NONLEDGER ASSETS 1 90fi 9 12 Interest accrued on mortgages 1i 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 acci 52387 05 dent 34 Other nonledger assets viz Furniture and fixtures 3000 00 37 Gross assets 359771 34 DEDUCT ASSETS NOT ADMITTED 40 Furniture and fixtures 3000 00 51 Admitted assets 356771 34COMPTROLLERGENERALS REPORT 511 VLIABILITIES 1 Losses and claims In process of adjustment Resisted by company 18804 39 6000 00 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 13690975 unearned premiums 50 per cent 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Accident Business in Georgia during 190i Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred 24804 39 500 00 68454 87 15716 12 47 Total amount of all liabilities except capital 109475 38 48 Capital actually paid up in cash 100000 00 49 Surplus over all liabilities 147295 96 50 Surplus as regards policyholders 247295 96 51 Total liabilities 356771 34 Accident 3629 96 1871 72 1662 97 THE OCEAN ACCIDENT AND GUARANTEE CORPORATION LIMITED OF LONDON ENGLAND Oscar Ising General Manager for the United States American Head Office 350 Broadway New York City N Y J C Clabk Atlanta Attorney for Service in Georgia ICAPITAL stock 2 Amount of ledger assets as per balance December 31 of previous year 2192835 80 Extended at 2192835 80 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 1422287 liability 13972149 steam boiler 806303 burglary 742680 169434 19512 COMPTROLLERGENERALS REPORT Gross premiums written and renewed during the year Accident 17410006 health 940542 liability 1252525 17 steam boiler 8753296 burglary 12852933 credit 40495581 2057048 75 Total 2226482 94 Deduct gross premiums now in course of collection Accident 2119963 health 46469 liability 12364120 steam boiler 817091 burglary 1177098 165247 41 Entire premiums collected during the year Accident 16712330 health 894073 liability 126860546 steam boiler 8742508 burglary 12418515 credit 40495581 2061235 53 Deduct reinsurance return premiums and cancellations Accident 46679 health 158443 liability 31117827 steam boiler 3404310 burglary 4023227 credit 493941 438656 48 18 Total net cash actually received for premiums 1622579 05 21 Interest on bonds and dividends on stock 67127 20 22 Interest from all other sources 3023 72 24 Total interest 70150 92 25 Profit on sale or maturity of ledger assets 17037 50 36 Total income 1709767 47 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Accident 4921372 health 95890 liability 33523260 steam boiler 667089 burglary 314334 credit 23298032 628199 77 2 Deduct salvage and reinsurance Liabil ity 30150 burglary 38013 credit 1654084 17222 47 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defence of suits against policy holders viz Accident 858392 health 900 lia bility 13004541 steam boiler 227393 burglary 345434 610977 30 144366 60COMPTROLLERGENERALS REFORT 513 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 4052020 health 220bTs9 lia bility 22641251 steam boiler 1371766 burglary 2358515 credit 8334154 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 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 88346 telephone 102729 surety bonds 21538 mercantile agency 301750 discount 59403 general expense 4606 74 interest on investments and dividends to home office 10500000 389783 95 133058 23 22813 67 111 00 9475 19 9697 39 39263 8J 6541 19 2745 65 14384 30 5133 84 4827 33 115344 40 45 Total disbursements 1508523 85 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 4 Book value of bonds excluding interest 2238624 04 5 Cash in companys office 926684 deposited in bank 3732785 with trustees 10000000 146594 69 7 Other ledger assets Premium notes 833750 agents debit balance 52319 8860 69 11 Ledger assets 2394079 42 NONLEDGEK ASSETS 13 Interest due and accrued on bonds 25098 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 21187 08 health 38269 liability 119489 13 steam boiler 801281 burglary 1171008 160781 79 33 in514 COMPTROLLERGENERALS REPORT On policies or renewals issued prior to October 1 1904 Accident 1255 health 8200 liability 415207 steam boiler 15810 burglary 6090 446562 33 Total 165247 41 37 Gross assets 2584425 15 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 4465 62 44 Book value of ledger assets over market value 40971 29 46 Agents debit balance 523 19 45960 10 51 Admitted assets 2538465 05 VLIABILITIES 1 Losses and claims In process of adjustment Accident 12 28600 health 2500 steam boiler 733500 burglary 132500 credit 3800544 58976 44 Resisted for policyholders Liability 285182 00 16 Net unpaid claims 344158 44 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 118788236 unearned premiums 50 per cent 593941 20 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 83989 33 unearned premiums pro rata 47120 19 27 Total unearned premiums 641061 39 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Accident 706236 health 11480 liability 2867739 steam boiler 2 00320 burglary 327882 41136 57 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 40000 00 38 Other liabilities viz Special reserve 225000 00 47 Total amount of all liabilities except capital 1291356 40 50 Surplus as regards policyholders 1247108 65 51 Total liabilities 2538465 05COMPTROLLERGENERALS REPORT 515 Business in Georgia during 1901 Gros Premiums on Risk9 Written or Renewed dur ing the Year Accident 5976 30 Health 677 99 Liability 837555 Steam boiler 354 50 Burglary L072 23 Credit 1799375 Gross Losses Paid Gross Losses Incurred f 3401 53 3734 53 50 20 50 20 3863 20 4438 20 4203 25 6460 44 PENNSYLVANIA CASUALTY COMPANY OP PENNSYLVANIA t f H Kingsbtjky Secretary Thos E Jones President n Home Office Commonwealth Building Scranton Pa Carl H King Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 2 Amount of ledgerassets as per balance December 31 of previous year i Extended at irINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 2408017 health 5 93082 liability 630373 plate glass 161255 steam boiler 238919 40316 46 Gross premiums written and renewed during the year Accident 7151551 health 3236452 liability 6427994 plate glass 1098765 steam boiler 1012478 229588 86 Total Deduct gross premiums now in course of collection Accident 2314770 health 6 724 76 liability 952690 plate Ts 322803 steam boiler 156265 44190 04 Entire premiums collected during the year Accident 7244798 health 31570 58 liability 6105677 plate Sfs 937217 steam boiler 1095132 185398 82516 COMPTROLLERGENERALS REPORT Deduct reinsurance return premiums and cancellations Accident 2704311 health 922550 liability 1577658 plate glass 202921 steam boiler 1 61101 55685 41 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 9565 41 22 Interest from all other sources 643 11 24 Total interest 30 From all other sources Internal revenue stamps re deemed 939 40 shares Norfolk Southern Railway stock acquired in exchange of securities 10000 129713 41 10208 52 109 39 36 Total income 140031 32 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Accident 2478109 health 1365578 liability 702442 plate glass 192788 47389 17 2 Deduct salvage and reinsurance Acci dent 5507 health 2082 75 89 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 179333 health 26164 lia bility 222572 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 1540259 health 754195 lia bility 1322935 plate glass 226569 steam boiler 278947 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 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 47313 28 4280 69 41229 05 13445 11 11580 84 1492 48 3425 24 1646 22 3485 07 838 07 3150 56 5211 95 1346 88 221 73 COMPTROLLERGENERALS REPORT 517 36 Loss on sale or maturity of ledger assets Agents ac counts charged off 288 15 40 All other disbursements General expenses telegraph telephone and incidentals 4080 71 45 Total disbursements 143036 03 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 4 Book value of bonds excluding interest 20309665 and stocks 20000 203296 65 5 Cash in companys office 454244 deposited in bank 5482828 59370 72 6 Bills receivable 1630 13 7 Other ledger assets Agents accounts 9471 13 11 Ledger assets 273768 63 NONLEDGER ASSETS 13 Interest due 40000 and accrued 191833 on bonds 2318 33 15 Interest due 4000 and accrued 1576 on other assets 55 76 18 Market value not including interest in item 13 of bonds and stock over book value 9037 10 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 22922 33 health 655377 liability 9337 90 plate glass 315222 steam boil er 152560 43491 82 On policies or renewals issued prior to Oc tober 1 1904 Accident 22536 health 17100 liability 18900 plate glass 7581 steam boiler 3705 698 22 33 Total 44190 04 37 Gross assets 329369 86 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 698 22 44 Book value of ledger assets over market value viz Agents accounts of uncer tain value 3629 76 4327 98 51 Admitted assets 325041 88518 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Losses and claims In process of adjustment Accident 1 00516 health 42641 liability 80 48 plate glass 7596 1588 01 Reported proofs not received Accident estimated 84500 health estimated 61535 plate glass estimated 28780 estimated 1748 15 Resisted for policyholders Liability 1500 00 16 Total unpaid claims 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 20000 health 31500 lia bility 85000 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 14622629 unearned premiums 50 per cent 73113 15 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 11036 69 unearned premiums pro rata 5309 66 27 Total unearned premiums 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Accident 790840 health 244143 liability 267698 plate glass 98478 steam boiler 46416 32 Salaries rents expenses taxes bills accounts foes etc due or accrued 37 Reinsurance 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 25200 50 50 Surplus as regards policyholders 51 Total liabilities 4836 16 1365 00 7S422 81 14475 75 441 66 300 00 99841 38 225200 50 325041 88 Business in Georgia during 190t Gross Premiums on Risks Written or Renewed dur ing the Year Accident 1150 95 Health 932 50 Liability 541 00 Plate glass 515 69 Gross Losses Paid J 376 42 898 89 347 78 Gross Losses Incurred i 376 42 898 89 347 78COMPTROLLERGENERALS REPORT 519 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Geo A Moore President M Marks Secretary Home Office 508 Montgomery Street San Francisco Cal Adam C Harmon Savannah Attorney for Service in Georgia IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year 169307 19 Gross premiums written and renewed during the year 767309 46 Total 936616 65 Deduct gross premiums now in course of collection 169242 89 Entire premiums collected during the year 767373 76 Deduct reinsurance return premiums and cancellations 230826 86 18 Total net cash actually received for premiums 536546 90 36 Total income carried to life statement 536546 90 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses 200489 32 2 Deduct salvage and reinsurance a5Jit 3 Net amount paid policyholders for losses 196959 74 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 re turn premiums and reinsurance for the following classes Accident 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 g279 39 25 Medical examiners fees and salaries 26 Inspections other than medical 27 Rents including 360000 for companys own occupancy 6 4o 30 All other taxes licenses and insurance department fees 9486 62520 COMPTROLLERGENERALS REPORT fl Legal expenses not included in No 14 3445 50 2 Advertising 2523 46 3 Printing and stationery 7964 78 B4 Postage and express 2752 04 U6 Loss on sale or maturity of ledger assets Profit and loss including agents balances charged off 13697 22 10 All other disbursements General expense 215689 dividends to policyholders 91277 3069 66 15 Total disbursements carried to life statement 509605 02 NONLEDGER ASSETS 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 acci dent 64 Other nonledger assets viz Reinsurance due from oth er companies 169242 89 6787 58 il Gross assets carried to life statement 176030 47 VLIABILITIES 1 Losses and claims In process of adjustment 4000 00 Reported proofs not received 2000 00 Resisted by company 14000 00 16 Net unpaid claims 20000 00 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 44062079 unearned premiums 50 per cent 220310 40 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Accident 42310 72 47 Total amount of all liabilities carried to life statement 282621 12 Business in Georgia during IM Accident Gross premiums on risks written or renewed during the year 5246 13 Gross losses paid 2059 76 Gross losses incurred 2069 76COMPTROLLERGENERALS REPORT 521 THE PACIFIC SURETY COMPANY OP CALIFORNIA Wallace Evebson President A P Redding Secretary Home Office 326 Montgomery Street San Francisco California Haas MacIntyre Atlanta Attorneys for Service in Georgia ICAPITAL stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 396765 91 Extended at I 396765 91 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Surety 920853 plate glass 7 52833 Gross premiums written and renewed during the year Surety 7326958 plate glass 3290324 16736 86 106172 82 Total Deduct gross premiums now in course of collection surety 636756 plate glass 436772 122909 68 10735 28 Entire premiums collected during the year Surety 7611055 plate glass 3606385 112174 40 Deduct reinsurance return premiums and cancellations Surety 500711 plate glass 178917 6796 28 18 Total net cash actually received for premiums 19 Interest on mortgage loans 7492 n 21 Interest on bonds and dividends on stock 22 Interest from all other sources 1383 02 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Redlands Electric Light bonds 30 From all other sources Guarantee loss of previous years recovered 36 Total income 105378 12 19046 11 550 00 1123 92 126098 15522 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the hooks at the home office at close of business December 31 1 Gross amount paid for losses Surety 3675208 plate glass 1633047 53082 55 2 Deduct salvage and reinsurance Surety 229694 plate glass 14421 2441 15 3 Net amount paid policyholders for losses 50641 40 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Surety 1277295 plate glass 1170226 24475 21 22 Stockholders for interest or dividends amount declared during the year 15000 00 23 Salaries fees and other compensation of officers and home office employees 16932 50 24 Salaries traveling and all other expenses of agents not paid by commissions 3312 02 27Rents L680 00 30 All other taxes licenses and insurance departments fees 3700 90 31 Legal expenses not included in No 14 5720 08 32 Advertising 956 64 33 Printing and stationery 474 03 40 All other disbursements General office expenses 2890 42 45 Total disbursements 126783 20 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 8021 37 2 Mortgage loans on real estate first liens including inter est charged 102071 17 4 Book value of bonds excluding interest 19815977 and stocks 2885100 227010 77 5 Cash in companys office 27120 deposited in bank Commercial 1094925 11220 45 7 Other ledger assets Savings bank deposits 4080584 advanced on contract secured 200000 suspense items 495126 47757 10 11 Ledger assets 396080 86 NONLEDGER ASSETS 12 Interest due and accrued on mortgages 344 70 15 Interest due and accrued on other assets 644 91 Total 989 61 17 Market value of real estate over book value 478 63 18 Market value of bonds and stocks over book value 2026 73COMPTROLLERGENERALS REPORT 523 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Surety 479955 plate glass 402583 1 8825 On policies or renewals issued prior to October 1 1904 Surety 156801 UctoDer i 90 plate glass 34189 10735 28 33 Total 410311 11 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 408401 21 51 Admitted assets VLIABILITIES 1 Losses and claims 000 00 Adjusted due Surety Reported proofs not received Surety 1750 00 Resisted by company surety Resisted for policyholders steam boiler 2500 15750 00 siSToess reinsuVanceV upon ali unexpired rTsks running one year or less from date of policy 94 362 00 unearned premiums 50 per cent 28 Commission brokerage and other charges due or to be 28 I dueto agents or brokers on policies issued sub sequent to October 1 1904 viz Surety 95591 plate glass 134194 47 Total amount of all liabilities except capital J 65228 85 48 Capital actually paid up in cash 250000 49 Surplus over all liabilities 343172 36 50 Surplus as regards policyholders 408401 21 51 Total liabilities Business in the State of Georgia during 190 Plate Glass Gross premiums on risks written or renewed during the year 615 35 Gross losses paid 615 35 Gross losses incurredMBIHMHNM 2sSS 524 COMPTROLLERGENERALS REPORT THE PREFERRED ACCIDENT INSURANCE CO OF NEW YORK Phineas C Lounsbury President Kimball C Atwood Secretary Home Office 290 Broadway New York City John S Owens Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 1012362 77 Extended at 1012362 77 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 10233607 health 2558300 127919 07 Gross premiums written and renewed during the year Accident 1313462 34 health 21789519 1531357 53 Total 1659276 60 Deduct gross premiums now in course of collection Accident 11796790 health 2949196 147459 86 Entire premiums collected during the year Accident 129783051 health 21398623 1511816 74 Deduct reinsurance return premiums and cancellations Accident 13807146 health 3669179 174763 25 18 Total net cash actually received from premiums 1337053 49 21 Interest on bonds and dividends on stock 28146 36 22 Interest from all other sources 2198 84 24 Total interest and rents 30345 20 36 Total income 1367398 69COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the books at the home office at close of business Accident 45983347 14 18 Gross amount paid for losses health 7069563 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 1428525 health 112500 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 37926517 health 5625510 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 Inspection other than medical 27 Rents including 9500 for companys own occupancy 30 All other taxes licenses and insurance department fees 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 525 December 31 530529 10 15410 25 435520 27 12000 00 91325 75 92675 38 10800 00 11537 25 19475 00 24030 53 14337 25 28725 15 19572 35 1115 56 45 Total disbursements j 307 053 84 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 4 Book value of bonds excluding interest 77685863 and stocks 9970386 876562 49 5 Cash in companys office 417475 deposited in banks 19197038 19G145 13 11 Ledger assets NONLEDOER ASSETS 13 Interest due and accrued on bonds 18 Market value of bonds and stocks over book value 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 109280 22 health 2732005 On policies or renewals issued prior to October 1 1904 Accident 868768 health 217191 1072707 62 6419 00 15147 51 136600 27 10859 59 33 Total 147459 86 37 Gross assets 1241733 99526 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1904 51 Admitted assets VLIABILITIES 1 Losses and claims In process of adjustment Accident 19 17500 health 45000 Reported proofs not received Accident 1105000 health 200000 Resisted by company Accident 19625 00 13050 00 34562 14 16 Total 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 1 08200664 unearned premiums 50 per cent 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1904 viz Accident 3005206 health 683001 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 39 Reserve for contingent instalment policies 10859 59 1230874 40 1 67237 14 1500 00 541003 32 36882 07 19712 84 90195 00 47 Total amount of all liabilities except capital 756530 37 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 274344 03 50 Surplus as regards policyholders 474344 03 51 Total liabilities 1230874 40 Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred Accident 12508 50 2498 72 2598 72 Health 1117 50 1221 38 1221 38COMPTROLLERGENERALS REPORT 527 THE STANDARD LIFE AND ACCIDENT INSURANCE CO MICHIGAN D M Ferry President E A Leonard Secretary Home Office 115125 Griswold Street Detroit Mich A L Waldo Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 1567351 93 Extended at 1567351 93 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 17605512 health 3477492 liability 8164747 Gross premiums written and renewed during the year Accident 1055623 44 health 12150367 liability 703 74080 292477 51 867 91 Total 2173345 42 Deduct gross premiums now in course of collection Accident 14797508 health 3742792 liability 9082955 276232 55 Entire premiums collected during the year Accident 108370348 health 11885067 liability 69455872 1897112 87 Deduct reinsurance return premiums and cancellations Accident 24632924 health 3212092 liability 6710640 345556 56 18 Total net cash actually received for premiums 1551556 31 19 Interest on mortgage loans 28302 50 21 Interest on bonds and dividends on stock 37793 94 22 Interest from all other sources 2984 90 23 Gross rents from companys property 78 50 24 Total interest and rents 30 From all other sources Suspense account 69159 84 912 19 36 Total income 1621628 34 528 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Accident 37326765 health 3960695 liabili ty 22808419 640958 79 2 Deduct salvage and reinsurance Acci dent 8891 61 3 Net amount paid policyholders for losses 632067 18 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 762423 liability 4463851 52262 74 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 22818447 health 2363391 lia bility 17162571 423444 09 22 Stockholders for interest or dividends amount declared during the year 37500 00 23 Salaries fees and other compensation of officers and home office employees 69745 32 24 Salaries traveling and all other expenses of agents not paid by commissions 77504 12 26 Inspections other than medical 15324 37 27 Rents 8604 25 28 Repairs and expenses other than taxes on real estate 250 80 29 Taxes on real estate 1031 54 30 All other taxes licenses and insurance department fees 57973 81 32 Advertising 7270 13 33 Printing and stationery 11458 78 34 Postage and express 8267 41 35 Furniture and fixtures 711 74 40 All other disbursements General expenses 2024 02 45 Total disbursements 1405440 30 IVLEDGES ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 56270 00 2 Mortgage loans on real estate first liens 537667 91 4 Book value of bonds excluding interest 1051770 00 5 Cash in companys office 41792 deposited in banks 13741414 137832 06 11 Ledger assets 1783539 97COMPTROLLERGENERALS REPORT 529 NONLEDGEK ASSETS 12 Interest due 71750 and accrued 8 04321 on mortgages 8760 71 13 Interest due and accrued on bonds 11434 57 15 Interest due and accrued on other assets 234 35 Total 20429 63 18 Market value not Including interest in item 13 of bonds and stock over book value 22265 00 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Ac cident 14797508 health 3742792 liability 90 82955 276232 55 37 Gross assets 2102467 15 VLIABILITIES Losses and claims Adjusted due health 70000 In process of adjustment Accident 50000 health 140000 Reported proofs not received Accident 4000000 health 277500 Resisted by company Accident Accident 650000 13 7200 00 14900 00 42775 00 29450 00 16 Net unpaid claims 94325 00 17 Special reserve for unpaid losses viz Accident 15 00000 liability 41933751 43433 51 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1 29479546 unearned premiums 50 per cent 647397 73 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Accident 4069315 health 1029268 liability 2497812 75963 95 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 7500 00 36 Return premiums 12430 46 37 Reinsurance 4338 53 38 Other liabilities viz Reserve for contingencies 75000 00 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 250000 00 49 Surplus over all liabilities 501173 97 50 Surplus as regards policyholders 1351293 18 751173 97 51 Total liabilities 34 in 2102467 1553o COMPTROLLERGENERALS REPORT Business in Georgia during 1904 Accident Health Liability Gross premiums on risks written or re newed during the year17065 51 715 56 600 00 Gross losses paid 13034 10 761 06 Gross losses incurred 13034 10 761 06 UNITED STATES BRANCH OF THE THAMES AND MERSEY MARINE INSURANCE COMPANY LTD OF GREAT BRITAIN H K Fowler Manager U S Branch Head Office 821 Beaver Street New York City N Y A L Fame Savannah Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash deposit capital New York 300000 00 Amount of ledger assets as per balance December 31 of previous year 634946 65 Increase of paidup capital during the year bonds 25437 50 Extended at 660384 15 IIINCOME Marine and Inland 639503 43 1 Gross premiums 2 Deduct reinsurance rebate abatement and return premiums 104214 74 3 Total premiums other than perpetual 7 Interest on bonds and dividends on stocks 535288 69 18970 00 13 Total income 1214642 84 IIIDISBURSEMENTS Marine and luland 1 Gross amount paid for losses including 17971142 occurring in previous years 402935 68 2 Deduct amount received for salvage 9183903 and for reinsurance in other companies 4071378 132752 81 3 Net amount paid for losses 270182 87COMPTROLLERGENERALS REPORT 531 8 Commissions or brokerage 50854 83 9 Salaries fees and all other charges of officers clerks agents and other employees 30991 98 10 Rents companys own occupancy 6312 50 13 All other taxes licenses and insurance department fees 15458 48 15 All other disbursements Postage stationery cable grams etc 390175 remitted to home office 205 47078 209372 53 16 Total disbursements 583173 19 IVLEDGER ASSETS 4 Book value of bonds excluding interest 552255 50 5 Cash in companys office 6884 deposited in bank 6727 136 11 6 Agents balances representing business written subse quent to October 1 1904 78401 21 7 Agents balances representing business written prior to October 1 1904 676 83 11 Total ledger assets 631469 65 NONLEDGER ASSETS 13 Interest due 2350 and accrued 278333 on bonds and stocks 5133 33 21 Gross assets 636602 98 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1904 676 83 7 Depreciation from book value of ledger assets to bring same to market value viz 55225550 less 53763750 14618 00 8 Total 1529483 9 Total admitted assets 621308 15 VLIABILITIES 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 274955 00 5 Deduct reinsurance due or accrued 31275 00 6 Net amount of unpaid losses and claims 243680 00532 COMPTROLLERGENERALS REPORT 10 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired marine risks running one year or less from date of policy 640100 unearned premiums 50 per cent 32000 00 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 19 02400 unearned premiums 100 per cent 19024 00 12 Total unearned premiums as computed above 51024 00 20 Commissions brokerage and other charges due or to be come due to agents and brokers 235173 reinsurance premiums 1036716 12718 89 24 Total amount of all liabilities except capital 25 Capital actually paid up in cash deposit capital 300000 00 26 Surplus over all liabilities 13885 26 27 Surplus as regards policyholders 307422 89 313885 26 28 Total liabilities 621308 15 Business in the State of Georgia during the year Risks written Premiums received excluding only 1567 cancellation Losses paid Losses incurred Marine an i Inland 888111 00 2136 72 33 37 331 37 THE TITLE GUARANTY AND TRUST COMPANY OF SCRANTON PA L A Watkks President D B Atiierton Secretary Home Office 516 Spruce Street Scranton Pa Alexander W Smith Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 766900 00 2 Amount of ledger assets as per balance December 31 of previous year 2164540 42 3 Increase of paidup capital during the year 5000 00 Extended at 2169540 42COMPTROLLERGENERALS REPORT 533 III5TC0ME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Surety 22000 26 Gross premiums written and renewed during the year Surety 38936809 title 97221 390340 30 Total 412340 56 Deduct gross premiums now in course of collection Surety 7041380 title 21400 70627 80 Entire premiums collected during the year Surety 34095455 title 75821 341712 76 Deduct reinsurance return premiums and cancellations Surety 32501 14 18 Total net cash actually received for premiumsf 19 Interest on mortgage loans 3321 23 20 Interest on collateral loans 22392 30 21 Interest on bonds and dividends on stock 41233 79 22 Interest from all other sources 2676 44 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Commission on sale of stocks and bonds From all other sources Increase in surplus fund on 500000 increase in capital stock paid in 375000 trust commissions for acting as trustee under corpo ration mortgages 577774 exchange 33297 30 309211 62 74623 76 8055 57 9860 71 36 Total income 401751 66 IIIDISBURSEMEKTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Surety 42487 09 2 Deduct salvage and reinsurance Surety 14752 48 3 Net amount paid policyholders for losses 27734 61 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Surety 87322 61 22 Stockholders for interest or dividends 30476 00 23 Salaries fees and other compensation of officers and home office employees 20665 21 24 Salaries traveling and all other expenses of agents not paid by commissions 2780 57 29 Taxes on real estate 1041 19fq4 COMPTROLLERGENERALS REPORT 30 All other taxes licenses and Insurance department fees 7868 48 4517 oo 32 Advertising 13 502 05 33 Printing and stationery 34 Postage and express 40 All other disbursements General expenses Surety de partment 4127480 general expense all other depart m 84358 54 ments 4308374 289608 98 45 Total disbursements IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 I Book value of real estate unincumbered 9J8 2 Mortgage loans on real estate first liens 13961 9o 3 Loans secured by pledge of bonds stocks or other col 47319 30 laterals 4 Book value of bonds excluding interest 67640000 and stocks 30980000 986200 00 5 Cash in companys office 268111 deposited in bank 21585276 218533 87 7 Other ledger assets Furniture and fixtures 2033607 judgments and claims 1175544 32091 51 II Ledger assets 1515634 76 NONLEDGER ASSETS 12 Interest due and accrued on mortgages 3270 14 13 Interest due and accrued on bonds 14847 39 Total 1811753 18 Market value not including interest in item 13 of bonds and stock over book value 60825 00 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Surety 7041380 title 21400 70627 80 34 Other nonledger assets viz Bills receivable 4825 47 37 Gross assets L60030 56 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 4825 47 40 Furniture and fixtures 20336 07 Total 25161 54 51 Admitted assets 1644869 02COMPTROLLERGENERALS REPORT 535 VLIABILITIES 1 Losses and claims In process of adjustment Surety 3086 21 Reported proofs not received Surety 61132 26 Resisted by company Surety 734 10 16 Net unpaid claims 64952 57 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 34149358 unearned premiums 50 per cent 170746 79 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 219009 unearned premiums pro rata 2190 09 27 Total unearned premiums 172936 88 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Surety 21055 54 38 Other liabilities viz Due banks 12795815 certificate of deposits 16256306 290521 21 47 Total amount of all liabilities except capital 549466 20 48 Capital actually paid up in cash 766900 00 49 Surplus over all liabilities 328502 82 50 Surplus as regards policyholders 1095402 82 51 Total liabilities 1644869 02 Business in Georgia during 190 Surety Gross premiums on risks written or renewed during the year 2295 59 THE TRAVELERS INSURANCE COMPANY OF CONNECTICUT S C Durham President John E Morris Secretary Home Office 56 Prospect Street Hartford Conn ICAPITAL STOCK 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 7629914 59 3 Voluntary reduction by company in book value of securities 50500 00 7579414 59 Extended at v536 COMPTROLLERGENERALS REPORT As shown by the books at the home office at close of business December 31 Entire premiums collected during the year Accident 270713921 health 26782133 liability 304507977 6020040 31 Deduct reinsurance return premiums and cancellations Accident 10581044 health 1785781 liability 19154135 315209 60 18 Total net cash actually received for premiums 5704830 71 21 Interest on bonds and dividends on stock 356658 50 22 Interest from all other sources 9056 06 24 Total interest 365714 56 36 Total income 6070545 27 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Accident 111162896 health 12691560 lia bility 70093718 1939481 74 2 Deduct salvage and reinsurance Acci dent 586995 health 511387 10983 82 3 Net amount paid policyholders for losses 1928497 92 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 1833346 health 2000 lia bility 33409315 352446 61 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 83883524 health 5972646 lia bility 64895815 1547519 85 22 Stockholders for interest or dividends amount declared during the year 250000 00 23 Salaries fees and other compensation of officers and home office employees 230827 96 24 Salaries traveling and all other expenses of agents not paid by commissions 325391 96 25 Medical examiners fees and salaries 94681 60 26 Inspections other than medical 49892 51 27 Rents 66757 08 29 Taxes on capital stock 55848 66 30 All other taxes licenses and insurance department fees 96152 45 31 Legal expenses not included in No 14 14039 79 32 Advertising 45336 84 33 Printing and stationery 61028 24COMPTROLLERGENERALS REPORT 537 34 Postage and express 34521 10 35 Furniture and fixtures 2652013 expense 3185268 58372 81 36 Loss on sale or maturity of ledger assets 7040 00 40 All other disbursements Profit andloss 37980 print ing plant equipment 2216718 22546 98 45 Total disbursements 5240902 36 IVLEDGER ASSETS 4 Book value of bonds excluding interest 534056840 and stocks 250312801 7843696 41 5 Cash in companys office 270620 deposited in bank 53420633 536912 53 6 Bills receivable 11613 82 7 Other ledger assets Agents debit balances 16834 74 11 Ledger assets 8409057 50 NONLEDGER ASSETS 13 Interest accrued but not due on bonds 18 Market value not including interest in item 13 of bonds and stock over book value 57564 36 473126 94 37 Gross assets 8939748 80 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 11613 82 44 Book value of ledger assets over market value viz Agents debit balances 51 Admitted assets 16834 74 28448 56 8911300 24 VLIABILITIES 1 Losses and claims In process of adjustment Reported proofs not received Resisted by company 25 Accident 37000 00 49750 00 67300 00 16 Net unpaid claims 5f 11 17 Special reserve for unpaid losses viz Liability 101551b b 21 Estimated expenses incident to the settlement of unpaid claims viz Liability 302715 98 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 399471625 unearned premiums 50 per cent 1997358 13 538 COMPTROLLERGENERALS REPORT 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 196692 24 unearned premiums pro rata 620932 88 27 Total unearned premiums 2618291 01 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 85000 00 38 Other liabilities viz Additional reserve liability de partment 617803 93 47 Total amount of all liabilities except capital 4793377 18 48 Capital actually paid up in cash 1000000 00 49 Surplus over all liabilities 3117923 06 50 Surplus as regards policyholders 4117923 06 51 Total liabilities 8911300 24 Business in Georgia during 190t Accident Health Liability Gross premiums on risks written or renewed during the year47636 45 434129 31415 48 Gross losses paid 30916 95 3436 10 4440 65 Gross losses incurred 23416 95 3436 10 4440 65 UNITED STATES CASUALTY COMPANY OF NEW YORK Benjamin F Tracy President Edson S Lott Secretary Home Office 141 Broadway New York N Y Joseph M Terrell Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up In cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 1549348 36 Extended at 1549348 36 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 4260160 health 1611868 liability 5788793 steam boiler 567501 sprinkler 223572 124518 94 COMPTROLLERGENERALS REPORT 539 Gross premiums written and renewed during the year Accident 65311743 health 16995441 liability 569112 28 steam boiler 5683291 sprink ler 3524915 1484266 18 Total L608785 12 Deduct gross premiums now in course of collection Accident 4383354 health 1837028 liability 5003935 steam boiler 602773 sprinkler 219241 120463 31 Entire premiums collected during the year Accident 65188549 health 16770281 liability 57696086 steam boiler 5648019 sprinkler 3529246 1488321 81 Deduct reinsurance return premiums and cancellations Accident 15874754 health 6340207 liability 150169 21 steam boiler 1958920 sprink ler 1135944 403267 46 18 Total net cash actually received for premiums 1085054 35 19 Interest on mortgage loans 200 00 21 Interest on bonds and dividends on stock 54845 16 55045 16 24 Total interest 25 Profit on sale or maturity of ledger assets Profit on sale of United States Steel Corporation sinking fund 5 per cent bonds 236250 profit on sale of Baltimore Ohio Railroad 4 per cent bonds 78750 profitovl sale of Union Pacific Railroad 4 per cent bonds 1587o 3308 75 1143408 26 36 Total income IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Accident 17875871 health 4984416 liabil ity 17030522 steam boiler 3214 55 sprinkler 351614 405638 78 2 Deduct salvage and reinsurance Acci dent 187841 liability 658602 g m 65 steam boiler 25022 oqfi 024 13 3 Net amount paid policyholders for losses a540 COMPTROLLERGENERALS REPORT 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 502625 health 33920 lia bility 3093531 steam boiler 24423 sprinkler 18012 36725 11 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 15475847 health 2941464 lia bility 11220425 steam boiler 962114 sprinkler 575851 311757 01 23 Salaries fees and other compensation of officers and home office employees 102808 05 24 Salaries traveling and all other expenses of agents not paid by commissions 49095 11 26 Inspections other than medical 16649 15 27 Rents 12237 50 29 Taxes on real estate 1279 47 30 All other taxes licenses and insurance department fees 22260 82 31 Legal expenses not included in No 14 874 35 32 Advertising 1405 00 33 Printing and stationery 22099 97 34 Postage and express 9890 33 35 Furniture and fixtures 3152 36 40 All other disbursements Telegrams and telephone 1 60991 fees of directors 473500 miscellaneous 1171605 profit and loss premiums uncollectable 5090 18111 86 45 Total disbursements 1005270 22 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 5000 00 2 Mortgage loans on real estate first liens 5000 00 4 Book value of bonds excluding interest 151360501 and stocks 12648750 1640092 51 5 Cash in companys office 1176200 deposited in bank 2465227 36414 27 6 Bills receivable 979 62 11 Ledger assets 1687486 40 NONIEIGEH ASSETS 13 Interest accrued on bonds 13833 58 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Accident 43435 53 health 1821253 liability 49 92871 steam boiler 602773 sprink ler 219241 119796 91COMPTROLLERGENERALS REPORT 541 On policies or renewals issued prior to October 1 1904 Accident 39801 health 15775 liability 11064 666 40 33 Total 120463 31 37 Gross assets 1821783 29 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 979 62 43 Gross premiums in course of collection written prior to October 1 1904 666 40 44 Book value of ledger assets over market value 31488 76 33134 78 51 Admitted assets 1788648 51 VLIABILITIES 1 Losses and claims In process of adjustment Accident 28 08100 health 530100 liability 6 41200 sprinkler 9500 39889 00 Resisted by company Accident 17931 health 31100 steam boiler 70000 18942 00 Resisted for policyholders Liability 70065 00 16 Net unpaid claims 128896 00 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 142300 health 5800 lia bility 156000 steam boiler 10000 sprinkler 500 3146 00 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 90450950 unearned premiums 50 per cent 452254 75 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 83600 76 unearned premiums pro rata 58380 50 27 Total unearned premiums 510635 25 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Accident 1085889 health 455314 liability 1248218 steam boiler 150693 sprinkler 54810 29949 24 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 2000 00 37 Reinsurance 5269 52 38 Other liabilities viz Contingency fund 108752 50 47 Total amount of all liabilities except capital 788648 51542 COMPTROLLERGENERALS REPORT 48 Capital actually paid up in cash 49 Surplus over all liabilities 300000 00 700000 00 50 Surplus as regards policyholders 1000000 00 51 Total liabilities 1788648 51 Business in the State of Georgia during 190Jh Accident Health Liability Steam boiler Sprinkler Gross Premiums on Risks Written or Renewed dur ing the Year 15090 67 4308 38 20340 87 1301 03 130 00 Gross Losses Paid 7878 57 2402 25 9429 04 Gross Lisses Incurred f 7878 57 2402 25 9429 04 UNITED STATES FIDELITY AND GUARANTY COMPANY OF MARYLAND John R Bland President Geo R Callis Secretary Home Office temporary location 16 W Saratoga Street Baltimore Md W H Patterson Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 1700000 00 2 Amount of ledger assets as per balance December 31 of previous year 2662308 60 Extended at 2662308 60 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Fidelity and surety 32656949 burglary 8178795 408357 44 Gross premiums written and renewed during the year Fidelity and surety 196805579 burglary 51831049 2486366 28 Total 2894723 72 Deduct gross premiums now in course of collection Fidelity and surety 316 14890 burglary 6223715 378386 05COMPTROLLERGENERALS REPORT 543 Entire premiums collected luring the year Fidelity and surety 1978476 38 burglary 53786129 2516337 67 Deduct reinsurance return premiums and cancellations Fidelity and surety 22987105 burglary 15113612 381007 17 18 Total net cash actually received for premiums 2135330 50 19 Interest on mortgage loans 171 35 20 Interest on collateral loans 2284 31 21 Interest on bonds and dividends on stocks 93311 03 22 Interest from all other sources 4493 87 23 Gross rents from companys property in cluding 100000 for companys own oc cupancy 7445 96 24 Total interest and rents 107706 52 25 Profit on sale or maturity of ledger assets 100 shares Chicago Milwaukee and St Paul Railway preferred 45000 1000 shares Lawyers Surety Company stock 5000000 50450 00 30 From all other sources Department of guaranteed at torneys 24393 63 36 Total income 2317880 65 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Fidelity and surety 65689562 burglary 132 13411 789029 73 2 Deduct salvage and reinsurance Fidelity and surety 20495635 burglary 8 35441 213310 76 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders 18 Commission or brokerage less amount received on re turn premiums and reinsurance 22 Stockholders for interest or dividends amount declared during the year 7 per cent 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 including 1000 for companys own occupancy 575718 97 32946 13 579081 05 119000 00 167605 83 177103 05 16409 28 33684 12544 COMPTROLLERGENERALS REPORT 28 Repairs and expenses other than taxes on real estate 39984 06 29 Taxes on real estate 1438 24 30 All other taxes licenses and insurance department fees 59289 69 31 Legal expenses not included in No 14 27709 38 32 Advertising 31802 28 33 Printing and stationery 32763 66 34 Postage express and telegrams 48403 73 35 Furniture and fixtures 12714 50 40 All other disbursements Traveling expenses home office account 636339 incidentals development etc 25 77554 32138 93 45 Total disbursements 1987792 90 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 398548 52 2 Mortgage loans on real estate first liens 1460000 oth er than first 200000 16600 00 3 Loans secured by pledge of bonds stocks or other collat erals 33383 50 4 Book value of bonds excluding interest 193682281 and stocks 8048400 2017306 81 5 Cash in companys office 4731277 deposited in bank 33896636 386279 13 7 Other ledger assets Advanced account contracts se cured 9806910 due for subscriptions department guaranteed attorneys 4220929 140278 39 11 Ledger assets 2992396 35 NONLEDGER ASSETS 12 Interest due and accrued on mortgages 59 00 13 Interest due and accrued on bonds and stocks 24813 14 14 Interest due and accrued on collateral loans 391 44 15 Interest due and accrued on other assets 1252 92 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 Fidelity and surety 30357290 burglary 5811338 361686 2S On policies or renewals issued prior to October 1 1904 Fidelity and surety 1257600 burglary 412377 16699 77 33 Total 378386 05 37 Gross assets 3397298 90COMPTROLLERGENERALS REPORT 545 43 DEDUCT ASSETS NOT ADMITTED Gross premiums in course of collection written prior to October 1 1904 16699 77 44 Book value of ledger assets over market value viz Stocks and bonds 10844 76 27544 53 51 Admitted assets 3369754 37 VLIABILITIES 1 Losses and claims In process of adjustment Fidelity and surety 3791670 burglary 1345125 51367 95 Resisted by company Fidelity and sure ty 17165000 burglary 50000 172150 00 14 Total 223517 95 15 Deduct reinsurance 128 33 16 Net unpaid claims 21 Estimated expenses incident to the settlement of unpaid claims viz Fidelity and surety 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 206247096 unearned premiums 50 per cent 1031235 48 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 115369 38 unearned premiums pro rata 65408 88 223389 62 5000 00 26 27 Total unearned premiums 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 viz Fidelity and surety 6375031 burglary 1220381 37 Reinsurance 1096644 36 75954 12 1896 85 47 Total amount of all liabilities except capital 1402884 95 48 Capital actually paid up in cash 1700000 00 49 Surplus over all liabilities 266869 42 50 Surplus as regards policyholders 1966869 42 51 Total liabilities 3369754 37 Business in Georgia during 190J Fidelity and surety Burglary Gross premiums on risks written or re newed during the year 24306 03 1815 03 Gross losses paid 26491 57 1363 00 Gross losses incurred 28016 57 1386 00 35 i J 546 COMPTROLLERGENERALS REPORT UNITED STATES HEALTH AND ACCIDENT INSURANCE COMPANY OF MICHIGAN J B Pitcher President V D Cliff Secretary Home Office 128130 N Washington Avenue Saginaw Mich John R Thornton Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up In cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 354621 61 354 621 61 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year 12070 50 Gross premiums written and renewed during the year 730286 52 TotalI 742357 02 Deduct gross premiums now in course of collection 8525 08 Entire premiums collected during the year 733831 94 Deduct reinsurance return premiums and cancellations 3360 91 18 Total net cash actually received for premiums 730471 03 19 Interest on mortgage loans 1147 97 20 Interest on collateral loans 2 25 21 Interest on bonds and dividends on stock 8744 89 22 Interest from all other sources 1450 02 24 Total interest 30 From all other sources 11345 13 770 47 36 Total income 1097208 24COMPTROLLERGENERALS REPORT 547 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Accident and Health 1 Gross amount paid for losses 375150 86 2 Deduct salvage and reinsurance 4576 48 3 Net amount paid policyholders for losses 370574 38 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders L860 49 18 Commissions or brokerage less amount received on re turn premiums and reinsurance 155672 69 22 Stockholders for interest or dividends amount declared during the year 32000 00 23 Salaries fees and other compensation of officers and home office employees 39060 71 24 Salaries traveling and all other expenses of agents not paid by commissions 19048 04 25 Medical examiners fees and salaries 5222 10 27 Rents 12620 47 30 All other taxes licenses and insurance department fees 13836 78 31 Legal expenses not included in No 14 2169 30 32 Advertising 3582 04 33 Printing and stationery 8811 37 34 Postage and express 13972 96 35 Furniture and fixtures 2031 97 40 All other disbursements Office supplies 62772 agents balances 3249 general expense 161491 2275 12 45 Total disbursements 682738 42 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 35072 84 4 Book value of bonds excluding interest 30232870 and stocks 150000 303828 70 5 Cash in companys office 8598 deposit ed in bank 7675201 76837 99 Total 415739 53 Less ledger liabilities balance due for re insurance 1269 71 m 414469 82 11 Ledger assets NONLEDOEB ASSETS 12 Interest due 31836 and accrued 54078 on mortgages 859 14 13 Interest accrued on bonds 548 COMPTROLLERGENERALS REPORT 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1904 acci dent and health 8525 08 34 Other nonledger assets viz Reserve reinsurance de posit 1749 71 37 Gross assets 428651 20 VLIABILITIES 1 Losses and claims In process of adjustment Accident and health 1476 91 Reported proofs not received Accident and health 26460 00 Resisted by company Accident and health 3084 00 16 Net unpaid claims 31020 91 21 Estimated expenses incident to the settlement of unpaid claims 840 91 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 4428566 unearned premiums 50 per cent 22142 83 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1904 2210 04 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 12334 00 35 Other liabilities viz Commissions accrued 8000 00 47 Total amount of all liabilities except capital 76548 69 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 152102 51 50 Surplus as regards policyholders 352102 51 51 Total liabilities 428651 20 Business in Georgia during ISO Accident Gross premiums on riskswritten or renewed during the year 7784 02 Gross losses paid 3538 41 Gross losses incurred 3966 41TABLE No IINSURANCE DEPARTMENT TABLE No 1 Fire Insurance Companies Authorized to Transact Business in this State for the Year 1905 Condition is Shown to 1st of January 1905 en Their General NAME OF COMPANY American CentralFire American Agricultural Aetna Atlas Assuranee Atlanta and Birmingham Atlanta Home British America Boston Insurance Co Caledonian Citizens Commercial Union Continental Connecticut Eagle Fire Association Firemans Fund Georgia Home German Alliance German German American Germania Glens Falls HamburgBremen Hanover Hartford Home Insurance Co of N A Liverpool London Globe Liverpool London Globe Law Union and Crown STATE Assets Liabilities St Louis Mo Newark N J Watertown N J Hartford Conn London Eng Birmingham Ala Atlanta Ga Toronto Canada Boston Mass Edinburgh Scotland St Louis Mo London Eng New York N Y Hartford Conn New York N Y Philadelphia Pa San Francisco Cal Columbus Ga New York N Y Freeport 111 New York N Y New York N Y New York N Y Hamburg Germany New York N Y Hartford Conn New York N Y Philadelphia Pa England New York N Y England 3886739 73 5232605 34 2745646 99 15814054 98 1879171 44 586763 06 325341 17 1471079 94 3959133 80 1814112 49 726017 59 5230425 78 14543153 32 5340136 94 581814 29 6550172 35 6526439 82 1043369 93 1378968 75 5668131 77 13138270 12 6352699 73 4176096 25 2008938 61 4079801 52 15632483 34 19417329 53 11980733 59 12107398 43 571985 50 889458 83 Surplus Be yond Capital and all Liabilities 1697463 10 2595703 98 1532723 61 5367293 89 1091793 17 248368 23 56461 53 1070059 28 1088821 71 1147808 67 371629 80 3701240 59 6786491 79 2925215 78 3906 24 5019973 52 3292528 24 503630 56 441112 56 122003 5796362 74 2713474 23 1467473 06 1605386 18 2385032 56 10356234 67 9041008 30 6277995 29 7038506 47 183918 89 331776 04 Income Expenditures 1189276 63 2036901 36 712923 38 6446851 09 787378 27 115894 83 68879 64 400120 66 1870312 09 666303 82 154387 79 1529185 19 6756661 53 1414921 16 177908 05 1030198 87 2233911 58 239739 37 537856 19 1728766 63 5841907 38 2639225 50 2508623 19 403552 43 694768 96 4026248 67 7376321 23 2702738 30 5068891 188066 61 557682 79 2045257 72 2213694 80 1391680 95 6375985 60 1820308 57 430108 87 80443 01 1677053 38 1700220 27 1368730 43 539174 31 4726703 17 6447442 08 3217320 22 212210 20 4167770 85 4442421 29 461755 70 496708 67 3506114 54 5736641 45 2641508 82 1609469 95 1870615 93 2853134 17 12400471 89 9319382 51 7651604 24 7815715 45 220176 55 555450 14 1928668 61 1903636 80 1335524 67 5521542 04 1402477 47 339743 93 55922 98 1595905 32 1536876 87 1289487 64 513318 33 4134372 5908960 56 2974861 31 6375 81 3884530 91 3692548 28 577824 97 440224 55 2734951 63 4887299 89 2169480 63 1367281 29 1706924 50 2867501 11 11177871 76 8262456 70 6759838 70 7830925 21 157761 81 532667 12 116589 11 310058 00 56156 28 854443 56 417831 10 90364 94 24520 03 81148 06 163343 40 79252 79 25855 98 592330 79 538481 52 242458 91 205834 39 283239 94 749873 01 56584 12 871162 91 849341 56 472028 19 242188 66 163691 43 1222600 13 1056925 81 891765 54 62414 74 22783 02 Loss 116069 27 O O H w o t1 6 H Z H W CO W H O w 14366 94 15209 76London Assurance London and Lancashire Lumber Mutual Mercantile Mutual Milwaukee Mechanics National National Union N iagara New Hampshire North German Norwich Union North British and Mercantile Northern Assurance North River Orient Palatine Pennsylvania Phoenix Assurance Phoenix Phoenix Queen RochesterGerman Royal Scottish Union and National Southern Mutual Springfield St Paul Sun Insurance Office Sun Traders Union Assurance Society Western Assurance Westchester Williamsburgh City England England Boston Mass Providence R I Milwaukee Wis Hartford Conn Pittsburg Pa New York N Y Manchester N H New York N Y England England England New York N Y Hartford Conn England Philadelphia Pa England Brooklyn N Y Hartford Conn New York N Y Rochester N Y England Scotland Athens Ga Springfield Mass St Paul Minn England New Orleans La Chicago 111 England Canada New York N Y Brooklyn N Y Totals 2891033 79 3079850 81 203956 61 214070 48 2992532 16 6483987 78 1821784 4411244 63 3911743 34 502666 2752389 87 6634478 54 4023115 64 1481887 90 2272487 72 2083946 90 6428988 51 3232791 22 8007130 96 7341888 59 6371395 17 1515749 88 8574081 73 5017777 73 1047517 17 6590231 13 4011897 21 3195449 06 1110926 94 2869953 87 1782954 47 2425887 72 3636471 44 2619236 37 1588668 72 2023850 49 87428 91 104081 65 1562704 22 3812760 28 766185 66 2404262 92 1712057 85 247560 23 1857421 00 3686720 56 2513385 38 742768 90 1079536 19 1221665 62 3443725 09 4163782 42 5316414 63 3561297 27 3121593 21 924167 12 5477642 48 2055941 43 151657 53 3015244 95 2387391 00 2110865 09 323769 50 1325489 05 909725 67 1703088 47 1943587 31 1072603 01 1302365 07 1056000 32 116527 70 109988 83 1229827 94 1671227 50 305598 42 1506981 17 1199685 49 55107 85 894968 87 2947757 1309730 26 389119 05 692951 53 862281 28 2585263 42 1069008 80 1690716 33 1780591 32 2249801 96 391582 76 30439 25 2961836 30 777365 56 1574986 18 1124506 21 1084583 97 287157 44 1044464 82 873228 722799 25 1392884 13 1296633 36 1991966 12 2173295 73 162690 56 216376 13 1548764 81 4676643 76 1031484 58 3377761 14 1949135 03 421569 95 2785972 58 4196816 77 3723600 40 1181232 80 1216898 1436698 07 3061855 23 3065278 40 6147511 40 4205930 33 4083701 35 1185078 29 5502729 12 2145685 11 342594 68 3635214 3413751 77 2972482 10 496108 59 1595003 31 1737154 05 2768573 10 2211210 64 1233497 54 297203940 43 154780364 29 S 102750374 27 181889543 85 1653448 66 1980805 51 62749 04 58556 46 1489986 40 4647332 82 867874 41 2492516 17 1981187 20 328794 86 2702736 12 4241020 50 3120218 34 947676 55 1159014 05 490536 11 2823761 78 2872996 19 5698843 46 3633106 28 3483617 08 1283822 23 5192855 64 1988047 42 336646 43 3441507 68 3080860 20 2747678 78 454282 78 1513576 19 1662939 06 887726 2151203 62 1163541 08 162339229 53 338517 46 192490 22 99941 52 157819 67 58778 41 29310 94 163610 17 885244 97 92775 09 83246 46 603382 06 233556 25 57884 83 946161 96 238093 45 192282 21 448667 94 572824 05 600084 27 409873 48 157637 69 5948 25 193707 12 332891 57 224803 32 41825 81 81427 12 74215 99 1880846 42 60007 02 69956 43 20281180 27 320645 81 32052 17 44203 73 8743 94 O O s H to o r F H H Z m f w W H h3 O to TABLE No 2 Old Line Life Insurance Companies Authorized to Transact Business in this State for the Year 1905 Condition is Shown to 1st of January 1905 Their General in to NAME OF COMPANY STATE JEtnaLife Atlanta Industrial Citizens Columbian National t Columbia Connecticut Mutual Equitable Fidelity Mutual j Franklin Germania Hartford Home Illinois t Interstate Life Insurance Co of Virginia Manhattan Maryland Massachusetts Mutual Metropolitan M Michigan Mutual t Missouri State t Mutual Benefit Mutual tt Mutual Reserve Mutual National U S A National t New England Mutual New York Northwestern Mutual ft Pacific Mutual f Prudential Hartford Conn Atlanta Ga St Louis Mo Boston Mass Cincinnati O Hartford Conn New York N Y Philadelphia Pa Springfield 111 New York N Y Hartford Conn New York N Y Chicago 111 Indianapolis Ind Richmond Va New York N Y Baltimore Md Springfield Mass New York N Y Detroit Mich St Louis Mo Newark N J New York N Y New York N Y Chicago Ills Chicago Ills Montpelier Vt Boston Mass New York N Y Milwaukee Wis San Francisco Cal Newark N J ASSETS 736 120 132 1069 203 65224 412438 7412 2287 34104 3562 16606 5231 1216 1946 18578 2454 37071 128094 8887 662 93167 440978 5759 260 5246 31402 38324 390660 193777 7379 88511 178 81 000 00 614 79 086 18 597 61 841 53 380 84 848 29 504 72 782 39 370 75 229 07 282 45 760 10 129 92 285 06 054 11 207 57 315 24 571 75 561 96 370 50 371 16 917 29 950 63 863 48 222 71 422 73 260 35 433 29 843 05 954 66 Liabilities on Policyholders Account Gross Surplus on Policyhold ers Account INCOME EXPENDI TURES 65175466 22 111 630 93 60396 333158 6429 2287 29360 2630 15472 1013 960 1564 16718 2114 33770 113259 8524 510 85918 438078 5400 74 4042 27938 34638 390660 186400 6233 75191 069 12 160 38 367 17 144 89 751 53 194 32 504 72 065 36 393 56 124 72 853 63 535 68 008 97 610 98 414 674 54 095 25 123 51 509 32 227 30 371 16 705 71 915 44 430 68 886 72 296 48 260 35 654 53 092 20 500 04 4555640 65 21545 67 438925 80 5230 44 4828696 64 79179629 31 983653 97 9496209 36 4744717 03 931977 19 1134104 25 117428 82 2562244 21 382120 95 1759674 08 339639 18 3300623 03 14835219 99 363448 24 152052 64 7249143 20 2900000 00 359211 58 186035 19 1 204432 80 3463335 99 3686126 25 7376778 76 364129 73 11320448 62 52411 71 934007 48 146259 52 8369993 39 79076695 95 3996619 77 1141513 6001182 43 2529853 01 3722680 46 1604348 66 706558 12 1764258 71 3557916 52 393667 69 8124920 09 55985756 91 1931472 07 455752 92 17847810 76 81002984 57 4893708 60 159315 54 1968653 81 6877497 04 7048841 15 96891272 32 36711149 57 2973316 53 44729108 34 7955413 93 23242 88 461954 42 80680 15 8393984 83 46769909 86 2520036 36 762111 91 4291820 32 2288705 74 2496560 22 1412427 455825 22 1361002 20 2797792 306304 76 4995731 36170679 81 1396181 10 268878 51 12330883 73 50363387 52 4751789 59 159226 01 1288372 79 3911220 00 4699589 66 54978082 01 19713118 04 2005094 60 128908619 67 PROFIT 1540795 43 29168 472053 03 65579 37 32306786 09 1476583 41 379401 77 1709362 11 241147 27 1226120 24 191921 58 250732 90 403256 51 760123 72 87362 93 3129188 20 19815077 10 535290 97 186874 41 5516927 03 30639597 05 141919 01 89 53 680280 02 2966277 04 2349251 49 41913190 31 16998031 53 968221 931 15820488 67 LOSS 23991 44 o H W O r r w Q H 2 H w t1 OPenn Mutual Phcenix Mutual Pittsburgh Trust Provident Savings Reliance Reserve Loan Royal Union Mutual Security Trust Security Mutual State Mutual State State Mutual Sun Travelers Union Central Union Mutual Volunteer State Washington Philadelphia Pa Hartford Conn Pittsburg Pa New York N Y Pittsburg Pa Indianapolis Ind Des Moines la Philadelphia Pa Binghamton N Y Rome Ga Indianapolis Ind Worcester Mass Montreal Canada Hartford Conn Cincinnati O Portland Maine Chattanooga Tenn New York N Y Total 2386921333 71 68563145 27 18524200 42 766722 57 7959418 26 1964773 31 784182 80 1285144 65 2522145 43 3069340 43 3165372 46 25457929 45 17804991 10 35552978 32 43713337 92 11103767 86 231226 27 17486444 20 64281351 89 17721596 00 431632 97 7207651 15 222694 27 730620 98 1162099 94 2062786 04 2563518 87 4281793 38 802604 42 335089 60 751767 11 1742079 04 53561 82 123044 71 459359 39 505821 56 2620786 78 22905552 00 16525545 01 33835627 58 36664255 62 10473984 70 200000 00 16911128 20 2185258241 32 544585 68 2552377 45 1279446 09 1717350 74 7049082 32 635196 57 22930 38 575316 00 16775501 58 4084071 23 327903 50 4371832 62 232594 45 853426 31 589449 06 1215762 17 2316824 47 2244032 78 5182628 4561936 19 6876683 67 9951890 43 2580840 91 71103 98 3636117 43 9497239 74 2647571 22 226196 83 3530178 84 281578 54 321963 31 380902 39 1046572 81 1277248 12 7278261 84 1436500 01 101706 67 841653 78 531463 00 208546 67 169189 36 1039576 35 1414832 62 3151637 08 2425967 00 3690306 41 4878003 91 1848595 50 97750 32 3556181 98 182177620 65 556908339 49 348592354 23 829200 16 2030991 78 2135969 19 3186377 26 5073886 52 732245 41 79935 45 26646 34 208476602 93 99611 87 O o S H o r M W 6 H Z H r CO ts o Ox OSTABLE No 3 Accident Marine and Surety Insurance Companies Authorized to Transact Business in the State for the Year 1905 Their General Condition is Shown to 1st of January 1905 4 NAME OF COMPANY STATE ASSETS LIABILITIES Etna AccidentCo Hartford Conn jEtna Indemnity Hartford Conn American Surety New York N Y American Bonding Baltimore Md Empire State Surety New York N Y Employers Liability England Fidelity and Casualty New York N Y Fidelity and Deposit gl Baltimore Md Frankfort Marine Germany General Accident Scotland General Accident Philadelphia Pa Great Eastern Casualty New York N Y Guarantee Company of N A Montreal Canada Hartford Steam Boiler Hartford Conn Lloyds Plate Glass New York N Y London Guarantee and Accident England Maryland Casualty Baltimore Md Metropolitan Plate Glass New York N Y National Surety New York N Y New York Plate Glass New York N Y North American Accident M Chicago 111 Ocean Accident England Pennsylvania Casualty Scranton Pa PacificSurety San Francisco Cal Preferred Accident New York N Y Standard Life and Accident Detroit Mich Thames and Mersey Marine England Title Guarantee and Trust Scranton Pa Travelers Accident Hartford Conn U S Casualty New York N Y U S Fidelity and Guaranty Baltimore Md U S Health and Accident Saginaw Mich Total 73696178 81 932940 92 5820278 74 1757781 26 698677 99 2637307 04 6667549 09 5864418 35 1257164 80 606206 54 263345 93 307065 81 1275226 91 3412544 93 808825 78 1646858 38 3360051 99 650176 54 1950536 13 725934 50 356771 34 2538405 05 325041 88 408401 21 1230874 40 2102467 15 621308 15 1644869 02 8911300 24 1788648 51 3369754 37 428651 20 138062762 96 1965071 94 446504 12 1223742 05 847224 15 326128 29 1814200 71 4586280 92 940949 20 856539 48 285976 06 108163 72 1023 07 168251 05 1902178 54 269568 34 1156783 71 1727102 89 248736 34 1140623 76 278716 70 109475 38 1291356 40 99541 38 65228 85 756530 37 1351293 18 307472 89 549466 20 4793377 18 788648 51 1402884 95 76548 69 31986962 02 Surplus Be yond Capital and all Lia bilities INCOME 2000000 00 111504 98 2096636 69 410557 11 122549 70 573106 33 1581268 17 2923469 15 200000 00 70230 48 55182 21 54669 74 802375 86 1010366 39 289257 44 290074 67 882949 10 201440 20 309912 37 247217 80 147295 90 1247108 65 25200 50 93172 36 274344 03 501173 97 13885 26 328502 82 3117923 06 700000 00 266869 42 152102 51 21100346 93 3372713 41 512093 62 1854445 45 702130 49 243183 78 2214092 52 5474474 72 1721602 07 1058771 76 546978 80 259203 11 236048 20 251866 21 1407870 32 463924 69 1197147 30 2387835 34 430724 45 1091100 29 481211 79 444807 40 1709767 47 140031 32 126098 15 1367398 69 1621628 34 1214642 84 401751 66 6070545 27 1143408 26 2317880 65 1097208 24 43582686 61 EXPENDI TURES PROFIT 2703442 03 548799 78 1541920 99 1049052 75 175457 29 1795129 25 4904896 68 1384337 91 1027367 19 490340 91 205095 45 266789 16 170596 41 1088010 19 382700 24 1040595 53 2081404 70 378209 85 905936 08 398658 64 383208 97 1508523 85 143036 03 111783 20 1295053 84 1367940 30 583173 19 259132 98 4990902 36 1005270 22 1868792 90 650738 42 669271 38 312524 46 67724 49 418963 27 569578 04 337264 16 31404 57 56637 89 54107 66 81269 319860 13 81224 45 156551 77 306430 64 52514 60 185164 21 82553 15 61598 43 201243 62 14314 95 72244 85 253688 04 631469 65 142618 68 1079642 91 138138 04 449087 75 446469 82 36716300 59 LOSS a o g v H 36706 16 3 O 3461922 26 H P3 Q H Z H 30740 96 t H Tl O 2 3004 71 7275561 41 417374 09TABLE No 4 TABLE No 4 Showing Business done by Fire Insurance Companies in this State for the Year ending April 30 1905 NAME OF COMPANY STATE Amount of Insurance in Force Premiums Losses Paid Premiums in Excess of Losses H O It J X R p fe 11 11 O O o t1 a 6 H 2 tr1 3 TJ o M American CentralFire American Agricultural JEXna Atlaa Assurance Atlanta Birmingham Atlanta Home British America Boston Insurance Co Caledonian Citizens Commercial Union Continental Connecticut Eagle Fire Association Firemans Fund Georgia Home German Alliance German GermanAmerican Germania Glens Falls HamburgBremen Hanover Hartford Home Insurance Co of N A Law Union Crown Liverpool London Globe Liverpool London Globe London Assurance London Lancashire Lumber Mutual Mercantile Mutual St Louis Mo Newark N J Watertown N Y Hartford Conn London Eng Birmingham Ala Atlanta Ga Toronto Can Boston Mass Edinburgh Scot St Louis Mo London Eng New York N Y Hartford Conn New York N Y Philadelphia Pa San Francisco Cal Columbus Ga New York N Y Freeport 111 New York N Y New York N Y New York Germany New York N Y Hartford Conn New York N Y Philadelphia Pa London Eng Liverpool Eng New York N Y England Liverpool Boston Mass Providence R I 2295032 00 121130 00 1612857 00 14054151 00 1658186 00 2825165 00 2613172 00 1588318 00 761987 00 2524191 00 6054940 00 7121054 00 1117200 00 4655557 00 6172391 00 4660041 00 874299 00 1809240 74 5453231 00 3391161 00 4147747 00 1554893 00 3505226 71 13787849 00 23224827 00 291490 00 12922192 00 758331 00 1551310 00 2927199 00 31200 00 1185461 00 39095 36 1617 87 26554 09 228483 17 24751 30 50666 58 44271 98 29658 07 12839 50 46669 33 100211 34 121978 60 18991 75 78527 21 119360 77 68515 00 13502 87 30707 27 90924 04 47885 59 46336 60 27091 21 43840 29 242317 35 184137 58 204316 72 3381 73 235416 57 19077 75 19901 55 48150 00 1168 50 8830 50 16744 77 7024 72 76849 11 975 65 19475 16 22964 02 11833 57 3805 44 15703 84 49779 40 45647 34 4405 11 37108 81 42478 43 29615 00 1479 07 16546 62 52315 69 15098 11 27803 03 10869 37 21056 17 110976 32 95666 66 108309 87 1059 102773 78 2339 71 11565 60 26279 38 22350 59 1617 87 19529 37 151634 06 23775 65 31191 42 21307 96 17824 50 9034 06 30965 49 50431 94 76331 26 14586 64 618 81 41418 50 76882 34 38900 06 12023 80 14160 65 48608 35 32787 48 18533 57 16221 84 22784 12 131341 03 88470 92 96006 85 2321 77 132642 79 16738 04 8335 95 21870 62 1168 50 8211 69 21 171 9 100 84 47 1 21 66 63 101 1 14 116 93 108 40 38 141 50 59 15 47 221 131 150 185 5 18 60 1 1 108 00 19 20 50 40 410 40 21 60 240 00 201 60 112 80 2 40 50 40 158 40 151 20 242 40 2 40 33 60 278 40 223 20 259 20 96 00 91 20 338 40 120 00 141 60 36 00 112 531 20 314 40 360 00 444 00 12 00 43 20 144 00 2 40 2 40 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 I 390 95 16 18 265 54 2284 83 247 51 506 66 442 72 296 58 128 40 466 69 1002 11 1219 79 189 92 785 27 1193 63 685 15 135 03 307 07 909 24 478 86 463 36 270 91 238 40 2423 17 1841 38 2043 17 33 82 2354 16 190 77 199 02 481 56 11 68 88 31 530 95 67 38 347 94 2727 23 269 11 778 66 676 32 441 38 34 40 210 80 657 09 1185 31 1494 19 224 32 65 60 1095 67 1448 83 976 35 263 03 430 27 1247 64 596 46 604 538 91 383 20 2954 37 2187 78 2435 17 33 82 2830 16 234 77 274 22 657 56 46 08 122 71Milwaukee Mechanics Manchester National National Union Niagara New Hampshire North German Norwich Union North British Mercantile Northern Assurance North River Orient Palatine Pennsylvania Phoenix Assurance Phoenix Phcenix Queen Rochester German Royal Scottish Union National Southern Mutual Springfield St Paul Sun Insurance Office Sun Traders Union Assurance Society Western Assurance Westchester Williamsburgh City Total Milwaukee Wis England Hartford Conn Pittsburg Pa New York N Y Manchester N H New York N Y Norwich Eng London Eng London Eng New York N Y Hartford Conn London Eng Philadelphia Pa London 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 1260875 00 390785 00 4476481 00 1221151 00 2336250 00 146170 00 4054096 00 14571542 00 4519305 00 88950 00 1422188 00 2809985 39 3368352 00 3038420 00 10767187 83 5406211 38 5678941 00 2505790 00 13810311 06 1987190 00 29973200 00 3756835 00 3327039 00 2606042 34 2596947 00 2176940 00 1727021 00 3360421 25 2773398 00 1776277 00 274885240 75 5377 72 19728 75 14757 97 948 60 12339 83 7286 03 11 18 i 23684 69 22793 72 23174 61I 10298 20 14620 46 2012 36 24392 29 12168 74 28982 11 61787 88 17300 63 42367 40 10620 36 70111 41 14952 81 17241 78 7178 45 29856 73 19056 25 7388 63 16766 97 20646 91 6055 96 34847 45 9113 76 9078 40 23903 26 3104 47 28668 18 47556 71 24594 82 1802 82 11243 98 28317 50 31820 60 16661 01 184186 96 38829 25 49366 48 15159 47 45387 55 21678 40 232227 48 34845 90 35052 39 24209 52 19745 76 23058 64 3938 70 10391 40 25290 26 23211 07 15807 45 2560991 25 1278790 41 15807 45 3637 14 47 22 39 9 73 47 36 7 29 31 75 20 130 110 113 37 82 36 32 39 79 18 38 36 9 51 62 7 33 60 188 00 112 80 52 80 93 60 21 60 175 20 112 80 86 40 16 80 69 60 74 40 180 00 48 00 312 00 264 00 271 20 88 80 196 80 86 40 76 80 93 60 189 60 43 20 91 20 86 40 21 60 122 40 148 80 16 80 8730 40 16 00 11 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 0 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 156 75 39 21 496 05 100 62 214 18 311 31 15 523 53 703 50 477 69 18 04 258 64 484 30 562 12 288 30 1841 87 677 11 1111 54 324 60 877 55 322 99 3023 39 497 99 522 94 313 88 496 02 421 15 113 27 371 58 459 37 292 67 1008 00 39125 73 222 35 39 21 716 05 245 42 298 98 437 49 84 75 730 73 848 30 596 09 64 84 360 24 590 70 774 12 368 30 2185 87 973 11 1412 34 445 40 1106 35 441 39 3132 19 623 59 744 54 389 08 619 22 539 55 166 87 525 98 640 17 341 47 49872 13 o o g 0 SI O H to 6 H Z H JO w JO H O to H 3TABLE No 5 Showing Business Done by Old Line Life Insurance Companies for the Year ending April 30 1905 op NAME OF COMPANY STATE Amount of Insurance in Force EtnaLife Atlanta Industrial Citizens Columbian National Columbia Connecticut Mutual Equitable Fidelity Mutual Franklin Germania Hartford Home Illinois Interstate Life Ins Co of Va Manhattan Maryland Massachusetts Mutual Metropolitan Michigan Mutual Missouri State Mutual Benefit Mutual Mutual Reserve Mutual National U S A National New England MuMal New York Northwestern Mutual Pacific Mutual Prudential Penn Mutual Phcenix Mutual Pittsburgh Trust Hartford Conn Atlanta Ga St Louis Boston Mass Cincinnati Ohio Hartford Conn New York N Y Philadelphia Pa Springfield 111 New York N Y Hartford Conn New York N Y Chicago Indianapolis Ind Richmond Va New York N Y Baltimore Springfield Mass New York N Y Detroit Mich St Louis Mo Newark N J New York N Y New York N Y Chicago 111 Chicago 111 Montpelier Vt Boston Mass New York N Y Milwaukee Wis San Francisco Cal Newark N J Philadelphia Pa Hartford Conn Pittsburg Pa Losses Paid Premiums in Excess of Losses Loss C 4 3 bo a tS in CO IS m feO Tax Total 4799777 00 1206400 00 17097437 00 2438954 00 2784030 00 774402 00 915571 74 1073076 00 1276134 00 366 3 426 556 6269 12816 1110 335 8416 26482 3552 372 1072 1512 1827 22524 13787 937 9017 22004 2125 203 00 460 00 000 00 898 00 934 00 574 37 242 00 495 00 246 00 889 00 550 00 666 37 064 00 655 00 315 00 103 00 374 00 970 00 090 00 400 00 157824 75 39822 11 546791 95 69173 92 84385 70 30144 54 97044 59 39264 91 38708 14 6722 51 104463 59 17232 76 219806 57 409860 40 35634 56 8655 30 298281 58 930360 31 140011 00 10986 44 31559 29 42435 60 56413 43 805875 26 422163 95 32191 85 330739 07 703487 11 81065 17 100259 00 10000 00 270940 98 40350 00 10218 14 1000 00 8000 00 176177 00 17950 00 892 26 49830 00 3500 00 88407 00 203303 61 14885 00 87963 99 569921 61 43279 55 21891 00 7000 00 26000 00 750058 22 184746 00 8080 00 67515 97 284206 00 29580 00 57565 75 29822 11 275850 97 28823 92 74167 56 29144 54 89044 59 20758 14 5830 25 54633 59 13732 76 131399 57 206556 79 20749 56 8655 30 210317 59 360438 70 96731 45 10986 44 9668 29 35435 60 30413 43 55817 04 237417 95 24111 85 263223 10 419281 11 51485 17 136912 09 60 00 26 40 9 60 2 40 2 40 48 00 26 40 24 00 19 20 14 40 16 80 2 40 120 00 31 20 9 60 50 40 398 40 12 00 2 40 144 00 69 60 115 20 4 80 14 40 26 40 45 60 388 80 144 00 7 20 21 60 175 20 2 40 9 60 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 1578 25 398 22 5467 92 691 74 843 86 301 45 970 45 392 65 387 08 67 22 1044 64 172 33 2198 07 4098 60 356 34 86 55 2982 82 9303 60 1400 11 109 86 315 59 424 36 564 13 8058 75 4221 64 374 39 3307 39 7034 87 810 65 1670 25 432 5547 750 875 357 1021 439 435 219 1107 213 2280 4529 400 120 3158 9405 1547 146 361 482 641 8929 4397 413 3360 7242 845 41 O O H ft O H ft 6 H 2 H ft CD ft H d O ftProvident Savings New York N Y 3546180 00 397000 00 121489 02 12323 48 95500 00 25989 02 12323 48 6 1 6 1 2 25 5 10 10 2 88 21 7 8 3 14 40 2 40 14 40 2 40 4 80 60 00 12 00 24 00 24 00 4 80 211 20 50 40 16 80 19 20 7 20 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 1214 89 123 23 1261 29 157 73 46 40 Royal Union Mutual Des Moines Iowa Philadelphia Pa Binghamton N Y 347475 00 525752 00 2694370 00 1241500 00 2771553 00 687000 00 1875000 00 5125447 00 6598778 00 238317 68 12581 57 17011 13 62199 30 46693 68 89142 31 22432 41 48884 59 182864 13 226672 96 5930 44 7000 00 4950 00 29463 48 14525 00 20500 00 3000 00 8000 00 65739 10 93000 00 5581 57 12061 13 32735 82 32168 68 68642 31 19432 41 40884 59 117125 03 133672 96 5930 44 125 82 203 29 621 99 466 93 891 42 224 32 488 85 1828 64 2266 73 59 30 160 22 240 09 713 99 510 93 State Indianapolis Ind Worcester Mass Montreal Canada Hartford Conn 947 42 280 32 Sun Travelers 525 65 2071 84 2349 13 Portland Maine 108 10 51 20 New York N Y 1010142 00 35134 37 45320 00 10185 63 351 34 390 54 Total 197919425 16 6618772 04 3443227 43 3368796 19 136912 09 1047 2512 80 800 00 800 00 66605 96 70718 76 o o g H jo o r r1 H jo Q H z H JO TO JO H 0 o JO en SOTABLE No C Showing Business done by Assessment Life Fire and Accident Insurance Companies in this State for the Year ending April 30 1905 OS o NAME OF COMPANY STATE Amount of Insurance in Force Losses Paid Premiums in Excess of Losses 5 S5 iw So Total a o B H W o F t1 H to 6 H Z H a H o w H Angelus Mutual Athens Mutual Fire Atlanta Mutual Insurance Association Atlanta Industrial American Assuranee American Insurance Fire Bankers Health and Life Benevolent Life and Health Commonwealth Fire Commercial Union Fire Continental Aid Association Cotton States Insurance Co of Ga Cotton Mill Mutual Fire Empire Industrial Association Empire Mutual Annuity and Life Farmers Mutual Fire Farmers Fire Farmers Cooperative Fire Georgia Home Benevolent Society Georgia Cooperative Fire Georgia Live Stock Insurance Co Globe Fire German Mutual Fire Great Southern Home Guaranty Aid Relief Home Friendly Society Industrial Life Association Industrial Life and Health Loyal Protective Association Metropolitan Mutual Benefit Mutual Benefit Life Mutual Life and Industrial Association Mutual Fire Indemnity Association Mutual Fire pilgrims Health and Life Athens Ga Atlanta Ga Atlanta Ga Atlanta Ga Atlanta Ga Macon Ga Augusta Ga Atlanta Ga Ellijay Ga Atlanta Ga 497668 25 78750 00 217750 00 47282 00 14272 15 5691 40 4889 05 4241 80 681 35 1666 10 38707 00 582 75 85456 25 10945 40 100 00 291239 Augusta Ga Atlanta Ga Fort Gaines Ga Madison Ga Jackson Ga Athens Ga Augusta Ga Tifton Ga Atlanta Ga Savannah Ga Birmingham Ala Savannah Ga Baltimore Md Elberton Ga Atlanta Ga Boston Mass Atlanta Ga Valdosta Ga Athens Ga Augusta Ga Cordele Ga Augusta Ga 204 60 2411600 00 1057000 00 118402 00 1302 06 2021 90 48999 47 3000 00 692 01 33 23 847 43 3850 00 2509 00 18000 00 98670 00 7293 70 46101 25 326550 00 697000 00 1096248 00 1170 90 1533 34 372 20 1259 30 17104 1 1787 00 201647 150 75 216 30 681 25 9268 00 1344 00 72593 90 145831 00 7285 60 4375 00 118750 00 61064 34 1441 57 1441 57 10030 35 5010 05 il 1268 83 1174 47 45149 47 491 00 1020 15 1533 34 155 90 578 05 7836 15 443 00 129053 90 2910 60 4 80 24 00 26 40 12 00 9 60 16 80 4 80 2 40 2 40 24 00 4 80 45 60 45 60 2 40 2 40 4 80 7 20 9 60 14 40 4 80 60 00 7 20 26 40 14 40 9 60 2 40 2 40 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 92 94 142 72 56 91 48 89 5 53 13945 38 22 20 21 489 99 30 00 5 92 11 71 15 33 4 12 12 69 171 04 17 87 2016 48 72 86 610 64 14 41 36 80 148 94 58 00 32 00 186 72 98 51 97 69 36 80 39 93 2 40 195 45 32 00 70 22 57 01 567 59 107 60 40 32 32 00 34 40 32 00 32 00 48 51 47 33 43 32 54 29 217 44 54 67 2108 48 39 20 131 26 32 00 652 24 48 81 34 40 32 00 3 3 1 7 20 7 20 2 40 16 00 16 00 16 00 1G 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 39 8 39 20 34 40 32 00 2 1 13 4 80 2 40 31 20 36 80 34 40 1607129 00 28234 00 29190 00 956 00 282 35 224 32 345 55 State Mutual Life and Annuity Associatn 224 32 7 8 1 16 80 19 20 2 40 16 00 16 00 16 00 16 00 16 00 16 00 48 80 3946850 00 41818 78 1250 00 24242 18 17576 60 1250 00 418 18 12 50 469 38 U S Cooperative Life Association 46 90 12661243 05 267563 37 203285 85 240488 38 s 956 00 202 484 80 704 00 704 00 4955 58 6848 38 a o g T 3 o F H St 6 H Z H 02 H V o h3 OSTABLE No 7 Showing Business Done by Accident Marine Surety and Plate Glass Insurance Companies in this State for the Year Ending April 30 1905 in OS NAME OF COMPANY STATE Amount of Insurance in Force Premiums Losses Paid Premiums in excess of Losses Loss Is is S bo c 0 0 S bo la a a u btC SO E Tax Total 5 Hartford Conn Hartford Conn New York N Y 5786200 00 1825416 65 6807301 00 57339 69 9929 01 17096 81 24818 77 29237 91 618 47 43 77 4713 33 28101 78 9310 54 12700 04 20105 44 573 40 99 29 170 97 248 18 9 14 5 82 151 73 677 75 184 43 573 40 11 71 7 26 40 170 40 16 80 16 00 16 00 16 00 16 00 16 00 16 00 157 69 373 37 296 98 9 14 New York N Y London England New York N Y 115200 00 6381900 00 15948159 00 3211760 00 581 89 15173 81 67775 37 18442 51 581 89 11384 02 43943 27 12263 91 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 16 00 37 82 3789 79 23832 10 6178 60 7 33 6 1 12 1 1 2 43 8 2 16 15 11 1 3 17 13 1 5 12 1 11 16 80 79 20 14 40 2 40 28 80 2 40 2 40 4 80 103 20 19 20 4 80 38 40 36 00 26 40 2 40 7 20 40 80 31 20 2 40 12 00 100 80 2 40 26 40 200 53 Fidelity andCasualty g 788 95 230 83 New York N Y 1264 04 5759 06 14532 19 1834 59 10214 80 68682 01 6316 76 11714 89 1715 08 2467 58 40543 78 3041 90 302 62 916 89 575 54 435 14 5821 25 31200 27 1287 99 2998 50 497 55 556 64 22939 50 1682 20 1061 42 4842 17 13956 65 1399 45 5393 55 37482 74 5028 77 8716 39 1217 53 2910 94 17604 28 1359 70 12 64 57 59 145 32 18 35 102 15 686 82 63 16 117 15 17 15 24 68 405 43 20 42 47 04 Guarantee Company of N A t Montreal Canada Hartford Conn New York N Y London England 2320900 00 1564269 00 66815 00 582000 00 12038113 00 1484619 00 3146735 00 64015 00 530400 00 936000 00 94 49 280 52 69 55 138 95 757 22 New York N Y New York N Y New York N Y Chicago 111 Scranton Pa 131 16 175 55 51 55 North American Accident t 63 88 476 23 Pennsylvania Casualty 83 62 New York N Y 4033500 00 2420300 00 814037 00 543887 00 13544 00 20056 40 2010 82 2902 32 75018 53 39408 30 32318 15 12509 56 4092 00 10128 48 331 37 9452 00 9927 92 1679 45 2902 32 38354 13 22438 12 226 35 6319 41 135 44 200 56 20 11 29 02 750 19 394 08 323 18 125 10 179 44 333 36 Liverpool England Scranton Pa 54 51 87 42 36664 40 16970 18 32091 80 6190 15 750 19 New York N Y Baltimore Md Saginaw Mich 21395000 00 7588949 69 225500 00 10 45 1 24 6b 108 00 2 40 16 00 16 00 16 00 16 00 16 00 16 00 450 08 463 18 U S Health and Accident 159 50 99830976 34 577022 62 248449 44 328573 18 1 3971 952 80 480 00 480 00 5779 25 7692 05 a o g v H w o r b H 6 Z CO W H V O wTABLE No 8 Comparative Table Showing Comparative Business of Insurance Companies in the State for the Years 1898 1899 19001901 1902 1903 en r to O O g H o t1 M W Q H Z W g f1 H O H 1900 1900 1900 1900 1901 1901 1901 1901 1901 1901 1902 1902 1905 1902 1905 1902 190 1903 1903 1903 1903 1904 1904 1904 Fire Life Cooperative Accident Surety and Marine Fire Companies Old Line Life Companies Assessment Life Companies Accident Plate Gass Marine and Surety Cos Fraternal Orders Fire Old Line Life Assessment Life Accident Plate Glass Marine and Surety Cos Fraternal Orders Agents tax receipted for as fees by mistake Overpayment of fees Fire Life Cooperative Accident Surety and Marine Fraternal Orders Fire Life Cooperative 179561495 07 92223613 31 7847605 00 76015608 II 231234339 40 132654379 80 4659699 50 106758014 37 2419054 02 3989954 41 276811 01 260701 94 2799184 25 4096642 95 231899 72 329627 19 1575983 77 1488443 73 100074 48 122829 96 1543133 20 1524301 42 51478 98 150316 41 234719433 69 140409404 72 4848391 00 101564929 45 3002653 49 4 799931 23 275400 53 382844 05 1379395 44 1843778 09 54 375 95 203605 77 225048844 32 142672751 34 5903650 15 99933279 5 3241995 28 5298816 1 303411 89 395082 45 280530212 26 171133881 24 9158245 97 3535767 42 5980233 56 389008 97 1431332 91 1758747 09 68363 0 201170 42 1336233 95 2302996 62 99118 97 2694 50 152 195 2816 739 127 200 2515 744 99 244 2890 739 163 312 3306 957 154 8514 2512 780 1396 8839 2989 818 1312 220 7860 3005 653 1513 300 30 8728 3117 1095 1740 430 9919 3 610 1233 24190 38 36385 58 2768 10 2607 06 27991 69 40966 36 2334 58 3296 25 30007 81 48057 48 2754 00 3828 40 32817 29 53045 59 3034 20 4453 24 35357 67 59802 33 4016 12 32704 38897 3548 4003 36830 43955 3183 4608 39692 51123 3407 5342 41543 56163 4129 5458 45287 20 03443 13 5279 721904 1904 1905 1905 1905 1905 1905 Accident Surety and Marine Fraternal Orders Less overpayment Fire Life Oooperative Accident Surety and Marine Fraternal Orders 100855541 66 274885240 75 197919425 16 12661243 05 99830970 34 508S13 32 3855589 11 6618772 04 267503 37 577022 62 243934 79 2560991 25 3443227 43 203285 85 248449 44 350 36371 1047 202 397 1704 00 410 00 60 10740 40 4112 80 1892 80 1912 80 410 00 5088 13 0792 13 39125 73 66605 96 4955 58 5779 25 49872 13 70718 76 6848 38 7692 05 o o e W o g t1 H 6 z Ed Ed H TJ O Ed 3 Ot pppp INDEX A ETNA INDEMNITY COMPANY OF CONNECTI CUT Statement of44745 ETNA INSURANCE COMPANY HARTFORD CONN Statement of l6x9 yETNA LIFE INSURANCE COMPANY OF CON NECTICUT Statement of444447 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN NEW YORK Statement of 922 AMERICAN CENTRAL FIRE INSURANCE COM PANY OF ST LOUIS MO Statement of 2224 AMERICAN INSURANCE COMPANY OF NEW JERSEY Statement of 2427 AMERICAN ASSURANCE ASSOCIATION AT LANTA GA Statement of402403 AMERICAN BONDING COMPANY OF BALTI MORE MD Statement of 455458568 COMPTROLLERGENERALS REPORT AMERICAN INSURANCE COMPANY ATLANTA GEORGIA Statement of403405 AMERICAN SURETY COMPANY OF NEW YORK Statement of451454 ATHENS MUTUAL FIRE INSURANCE COM PANY OF ATHENS GA Statement of405407 ATLANTABIRMINGHAM FIRE INSURANCE COMPANY OF BIRMINGHAM ALA Statement of 3032 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Statement of 3234 ATLANTA INDUSTRIAL LIFE INSURANCE COMPANY Statement of197202 ATLANTA MUTUAL INSURANCE ASSOCIA TION OF GEORGIA Statement of 405 ATLAS ASSURANCE COMPANY LIMITED OF LONDON 2730 B BANKERS HEALTH AND LIFE INSURANCE COMPANY MACON GA Statement of407408 BOSTON INSURANCE COMPANY OF BOSTON MASS Statement of 3438COMPTROLLERGENERALS REPORT 569 BRITISH AMERICA ASSURANCE COMPANY TORONTO CANADA Statement of 340 C CALEDONIAN FIRE INSURANCE COMPANY OF SCOTLAND Statement of 443 CITIZENS FIRE INSURANCE COMPANY OF MISSOURI Statement of 4345 CITIZENS LIFE INSURANCE COMPANY OF LOUISVILLE KY Statement of202205 COLUMBIAN NATIONAL INSURANCE COM PANY OF BOSTON MASS Statement of COLUMBIA LIFE INSURANCE COMPANY CIN CINNATI OHIO t 208212 Statement of COMMERCIAL UNION ASSURANCE COMPANY LIMITED OF LONDON ENGLAND Statement of 4 49 COMMONWEALTH INSURANCE COMPANY ATLANTA GA Statement of CONNECTICUT FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of 5255570 COMPTROLLERGENERALS REPORT CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD CONN Statement of212216 CONTINENTAL AID ASSOCIATION ATLANTA GA Statement of410411 CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK Statement of 4952 COTTON MILL MUTUAL FIRE INSURANCE COMPANY OF AUGUSTA GA Statement of408410 E EAGLE FIRE COMPANY OF NEW YORK Statement of 555o EMPIRE INDUSTRIAL INSURANCE ASSOCIA TION ATLANTA GA Statement of 413 EMPIRE MUTUAL ANNUITY AND LIFE INSUR ANCE COMPANY ATLANTA GA Statement of414 416 EMPIRE STATE SURETY COMPANY OF NEW YORK Statement of458460 EMPLOYERS LIABILITY ASSURANCE CORPO RATION Statement of461464 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES OF NEW YORK N Y Statement of216221E Hmn Il V N COMPTROLLERGENERALS REPORT 571 F FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF GEORGIA Statement of417418 FARMERS MUTUAL FIRE INSURANCE COM PANY OF FORT GAINES GA Statement of416417 FIDELITY AND CASUALTY COMPANY OF NEW YORK Statement of 464469 FIDELITY AND DEPOSIT COMPANY OF MARY LAND Statement of69W FIDELITY MUTUAL LIFE INSURANCE COM PANY PHILADELPHIA PA Statement of221225 FIRE ASSOCIATION OF PHILADELPHIA PA Statement of 59 FIREMANS FUND INSURANCE COMPANY OF SAN FRANCISCO CAL Statement of 59 3 FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSURANCE COMPANY 472474 Statement of FRANKLIN LIFE INSURANCE COMPANY SPRINGFIELD ILL 226230 Statement of572 COMPTROLLERGENERALS REPORT G GENERAL ACCIDENT ASSURANCE CORPORA TION LIMITED Statement of475478 GENERAL ACCIDENT INSURANCE COMPANY OF PENNSYLVANIA Statement of478480 GEORGIA COOPERATIVE FIRE ASSOCIATION SAVANNAH GA Statement of418419 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Statement of 6365 GERMAN ALLIANCE FIRE INSURANCE COM PANY OF NEW YORK N Y Statement of 6667 GERMANAMERICAN FIRE INSURANCE COM PANY OF NEW YORK Statement of 7I74 GERMAN FIRE INSURANCE COMPANY OF FREEPORT ILL Statement of 6870 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 7477 GERMANIA LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of230234COMPTROLLERGENERALS REPORT 573 GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y Statement of 7779 GLOBE FIRE ASSOCIATION ATLANTA GA Statement of 42 GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OF NEW YORK Statement of480483 GREAT SOUTHERN HOME INDUSTRIAL ASSO CIATION OF ALABAMA Statement of421422 GUARANTEE COMPANY OF NORTH AMERICA Statement of483486 H HAMBURGBREMEN FIRE INSURANCE COM PANY OF HAMBURG GERMANY Statement of 7981 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 8284 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of 8s87 HARTFORD LIFE INSURANCE COMPANY OF HARTFORD CONN Statement of23423 HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY OF CONNECTI CUT 486488 Statement of574 COMPTROLLERGENERALS REPORT HOME FRIENDLY SOCIETY OF MARYLAND Statement of422424 HOME INSURANCE COMPANY OF NEW YORK N Y Statement of 8790 HOME LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of239243 I ILLINOIS LIFE INSURANCE COMPANY CHI CAGO ILL Statement of243248 INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY OF GEORGIA Statement of425427 INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA Statement of424425 INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA PA Statement of 9194 INTERSTATE LIFE ASSURANCE COMPANY INDIANAPOLIS IND Statement of248250 L RAW UNION AND CROWN INSURANCE COM PANY OF LONDON ENG Statement of 9496COMPTROLLERGENERALS REPORT 575 LIFE INSURANCE COMPANY OF VIRGINIA RICHMOND VA Statement of251254 LIVERPOOL AND LONDON AND GLOBE INSUR ANCE COMPANY OF LIVERPOOL ENG Statement of 9699 LIVERPOOL AND LONDON AND GLOBE INSUR ANCE COMPANY OF NEW YORK N Y Statement of 99101 LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK Statement of489491 LONDON ASSURANCE CORPORATION OF LON DON ENG Statement of102105 LONDON GUARANTEE AND ACCIDENT COM PANY LIMITED OF GREAT BRITAIN Statement of 492495 LONDON LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENG Statement of105107 LUMBER MUTUAL FIRE INSURANCE COM PANY OF BOSTON MASS r IOSI TO Statement ot M MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of2559SB 576 COMPTROLLERGENERALS REPORT MARYLAND CASUALTY COMPANY OF MARY LAND Statement of495499 MARYLAND LIFE INSURANCE COMPANY OF BALTIMORE MD Statement of259263 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS Statement of264268 MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE R I Statement of110112 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK Statement of268273 METROPOLITAN MUTUAL BENEFIT ASSOCIA TION Statement of429430 METROPOLITAN PLATE GLASS AND CAS UALTY INSURANCE COMPANY OF NEW YORK Statement of 499502 MICHIGAN MUTUAL LIFE INSURANCE COM PANY DETROIT MICH Statement of273277 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE AVIS Statement of 112115 COMPTROLLERGENERALS REPORT 577 MISSOURI STATE LIFE INSURANCE COM PANY ST LOUIS MO Statement of278281 MUTUAL BENEFIT LIFE INSURANCE COM PANY NEWARK N J Statement of282286 MUTUAL FIRE INSURANCE COMPANY OF CORDELE GA Statement of 430 MUTUAL LIFE INDUSTRIAL ASSOCIATION OF GEORGIA Statement of 430431 MUTUAL LIFE INSURANCE COMPANY CHI CAGO ILL Statement of290294 MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Statement of294298 MUTUAL LIFE AND WAGE GUARANTY ASSO CIATION Statement of432433 MUTUAL RESERVE LIFE INSURANCE COM PANY NEW YORK N Y Statement of286290 N NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN Statement ofH511578 COMPTROLLERGENERALS REPORT NATIONAL LIFE INSURANCE COMPANY CHI CAGO ILL Statement of298303 NATIONAL LIFE INSURANCE COMPANY MONTPELIER VERMONT Statement of303307 NATIONAL SURETY COMPANY NEW YORK Statement of5255 NATIONAL UNION FIRE INSURANCE COM PANY OF PITTSBURG PA Statement of 117120 NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY BOSTON MASS Statement of3o8312 NEW HAMPSHIRE FIRE INSURANCE COM PANY OF MANCHESTER N H Statement of 120123 NEW YORK LIFE INSURANCE COMPANY NEW YORK N Y Statement of3I237 NEW YORK PLATE GLASS INSURANCE COM PANY Statement of 506508 NORTH AMERICAN ACCIDENT INSURANCE COMPANY Statement of 509511 NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of123126 NORTH GERMAN FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of129131T8 mimi in ii COMPTROLLERGENERALS REPORT 579 NORTH RIVER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of13714 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY MILWAUKEE WIS Statement of S121 O OCEAN ACCIDENT AND GUARANTEE CORPO RATION LIMITED OF LONDON ENG Statement ofSII5I5 ORIENT FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of140143 P PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Statement of SS20 PACIFIC MUTUAL LIFE INSURANCE COM PANY SAN FRANCISCO CAL Statement of322325 PACIFIC SURETY COMPANY OF CALIFORNIA Statement of52I523 PALATINE INSURANCE COMPANY LIMITED OF LONDON ENG Statement ofJ43M PENN MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PA 3313 Statement of 580 COMPTROLLERGENERALS REPORT PENNSYLVANIA CASUALTY COMPANY OF PENNSYLVANIA Statement ofcjcei8 PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA PA Statement of146148 PHENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y Statement of11 11C4 PHCENIX ASSURANCE COMPANY LIMITED OF LONDON ENG Statement of1481 e 1 PHCENIX INSURANCE COMPANY HARTFORD CONN Statement of It IC PHCENIX MUTUAL LIFE INSURANCE COM PANY HARTFORD CONN Statement of 640 PITTSBURG LIFE AND TRUST COMPANY PITTSBURG PA Statement of341344 PREFERRED ACCIDENT INSURANCE COM PANY OF NEW YORK Statement of c2426 PROVIDENT SAVINGS LIFE ASSURANCE SO CIETY NEW YORK N Y Statementof344349 PRUDENTIAL INSURANCE COMPANY OF AMERICA NEWARK N J Statementof32633I COMPTROLLERGENERALS REPORT 581 Q QUEEN INSURANCE COMPANY OF AMERICA NEW YORK N Y Statement of157160 R RELIANCE LIFE INSURANCE COMPANY PITTSBURG PA Statement of349352 RESERVE LOAN LIFE INSURANCE COMPANY INDIANAPOLIS IND Statement of352355 ROCHESTER GERMAN FIRE INSURANCE COM PANY OF ROCHESTER N Y Statement of160162 ROYAL UNION MUTUAL LIFE INSURANCE COMPANY DESMOINES IOWA Statement of35536 ROYAL PROTECTIVE ASSOCIATION OF MAS SACHUSETTS Statement of427429 S SCOTTISH UNION AND NATIONAL FIRE IN SURANCE COMPANY OF EDINBURGH SCOTLAND Statement of166169 SECURITY MUTUAL LIFE INSURANCE COM PANY BINGHAMTON N Y Statement of364368582 COMPTROLLERGENERALS REPORT SECURITY TRUST AND LIFE INSURANCE COMPANY PHILADELPHIA PA Statement of360364 SOUTHERN HEALTH AND ACCIDENT ASSO CIATION OF GRIFFIN GA Statement of 437 SOUTHERN MUTUAL FIRE INSURANCE COM PANY OF ATHENS GA Statement of 169170 SOUTHERN MUTUAL LIFE INSURANCE ASSO CIATION Statement of437439 SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS Statement of171173 STANDARD LIFE AND ACCIDENT INSURANCE COMPANY MICHIGAN Statement of52753 STATE LIFE INSURANCE COMPANY INDIAN APOLIS IND Statement of368372 STATE MUTUAL LIFE ASSURANCE COMPANY s WORCESTER MASS Statement of373377 STATE MUTUAL LIFE AND AMNESTY ASSO CIATION Statement of434437 COMPTROLLERGENERALS REPORT 583 ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUL MINN Statement of 17477 SUN FIRE INSURANCE COMPANY OF NEW ORLEANS LA Statement of180182 SUN LIFE INSURANCE COMPANY MONTREAL CANADA Statement of37738i SUNLIGHT INSURANCE COMPANY OF GEOR GIA Statement of 439 T TABLE NO 1FIRE INSURANCE COMPANIES General Condition to January 1 1905 550551 TABLE NO 2OLDLINE LIFE INSURANCE COMPANIES General Condition to January 1 1905 552553 TABLE NO 3ACCIDENT MARINE AND SUR ETY INSURANCE COMPANIES General Condition to January 1 1905 554 TABLE NO 4FIRE INSURANCE COMPANIES Business for year ending April 30 1905556557 TABLE NO 5OLDLINE LIFE INSURANCE COMPANIES Business for year ending April 30 1905558559 TABLE NO 6ASSESSMENT LIFE FIRE AND ACCIDENT INSURANCE COMPANIES Business for year ending April 30 1905 560561584 COMPTROLLERGENERALS REPORT TABLE NO 7ACCIDENT MARINE SURETY AND PLATE GLASS INSURANCE COM PANIES Business for year ending April 30 1905 562 TABLE NO 8INSURANCE COMPANIES Comparative business for years 18981903 564565 THE MUTUAL FIRE INDEMNITY ASSOCIATION OF AMERICA Statement of433434 TITLE GUARANTY AND TRUST COMPANY OF SCRANTON PA Statement ofC32S3S TRADERS FIRE INSURANCE COMPANY OF CHICAGO ILL Statement of183185 TRAVELERS INSURANCE COMPANY OF CON NECTICUT Statement of535538 TRAVELERS LIFE INSURANCE COMPANY OF CONNECTICUT Statement of382386 U UNION ASSURANCE SOCIETY OF LONDON ENGLAND Statement of186188 UNION CENTRAL LIFE INSURANCE COMPANY CINCINNATI OHIO Statement of386391MSSiSffiSiWSViS SSMS5SS vjOMPTROLLERGENERALS REPORT 585 UNION MUTUAL ASSOCIATION OF GEORGIA Statement of442443 UNION MUTUAL LIFE INSURANCE COMPANY PORTLAND MAINE Statement of39395 UNITED STATES BRANCH OF THE NORTH BRITISH AND MERCANTILE FIRE IN SURANCE COMPANY OF LONDON AND EDINBURGH Statement of126129 UNITED STATES BRANCH OF THE NORTHERN ASSURANCE COMPANY Statement ofI34I37 UNITED STATES BRANCH OF THE NORWICH UNION FIRE INSURANCE SOCIETY OF ENGLAND Statement ofI3II34 UNITED STATES BRANCH OF THE ROYAL FIRE INSURANCE COMPANY OF LIVER POOL ENG Statement of163166 UNITED STATES BRANCH SUN INSURANCE OFFICE OF LONDON ENG Statement of77l79 UNITED STATES BRANCH OF THE THAMES AND MERSEY MARINE INSURANCE COM PANY LIMITED OF GREAT BRITAIN Statement of 53532 UNITED STATES CASUALTY COMPANY OF NEW YORK Statement of538542 MMHN 5g6 COMPTROLLERGENERALS REPORT UNITED STATES COOPERATIVE INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA Statement of 440 UNITED STATES COOPERATIVE INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA Statement of441442 UNITED STATES FIDELITY AND GUARANTY COMPANY OF MARYLAND Statement of542545 UNITED STATES HEALTH AND ACCIDENT IN SURANCE COMPANY OF MICHIGAN Statement of546548 V VOLUNTEER STATE LIFE INSURANCE COM PANY CHATTANOOGA TENN Statement of39397 W WASHINGTON LIFE INSURANCE COMPANY NEW YORK Statement of398401 WESTERN ASSURANCE COMPANY OF TO RONTO CANADA Statement of188191 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of191193 WILLIAMSBURG CITY FIRE INSURANCE COM PANY OF BROOKLYN N Y Statement of194196rr J UNIVERSITY OF GEORGIA UgjAfg 3 ElDfi D54S4 270