THE LIBRARY OF THE UNIVERSITY OF GEORGIAtawwmplpjMBJBBBREPORT a Insurance Department COMPTROLLERGENERALS OFFICE YEAR ENDING DECEMBER 31 1906 ATLANTA GA THE FRANKLINTURNER COMPANY PRINTERS PUBLISHERS BINDERS I907MAY 26 45REPORT Insurance Department Atlanta Ga January i 1907 To His Excellency J M Terrell Governor SirIn compliance with law I have the honor to submit the annual report of this department for the year 1905 The insurance department like the xother departments of this office has grown year by year until the revenue received from this source amounts to something over one hundred and twenty five thousand dollars From the annual tax returns made by all classes of insurance companies licensed to do business in the State for the year 1906 it appears that the Fire Companies received in premiums 428130595 and paid for losses 165954325 Life Companies received in premiums 733784896 and paid losses amounting to 266529569 Assessment Life and Industrial Com panies received in premiums 68414972 and Paid for losses 252 02546 and Miscellaneous Companies received 66666549 and paid claims amounting to 25365789 It should be borne in mind that these receipts represent gross premiums from which should be deducted all items of expense in order to arrive at actual profits of each class of companies on the years business After allowing these deductions however it will be observed that the business as a whole has been fairly profitable to the com panies and at the same time shows a healthy increase in the volume as well as in the premium income over last years figures the pre miums for 1905 being 1115060711 and for 1906 12969970 12 States revenue from same 12969970 For detailed statements of the business written and renewed gross premiums received on old and new business losses paid and unpaid and business in force in Georgia at the end of the year I bei to refer you to the official report of the insurance department The Act of 1887 providing for State supervision of fire lite accident and surety companies both domestic and foreign organ ized as stock companies has proven efficient and has afforded the Qfqeo COMPTROLLERGENERALS REPORT protection to the people of this State that the authors of the law designed I think the record of its eighteen years operation fully demonstrates the wisdom of most of its provisions The recent failure however of several fire insurance companies doing business in Georgia as the result of the San Francisco fire has emphasized the fact that a deposit of ten thousand dollars is insufficient to fully protect insurers of this State I therefore recommend that it be restored to 25000 the amount formerly required I regret to say however that the statutes regulating the busi ness of mutual or cooperative fire companies and fraternal orders operated through the lodge or council system have failed to pro vide the protection for the policyholders as was designed and in tended by the several Legislatures hat passed them I am gratified to state that my repeated recommendations that both domestic and nonresident assessment life and industrial in surance companies desiring to do business in Georgia be required to make deposits in this State for the security of their policyhold ers resulted in the enactment of such laws The Acts however do not apply to fire companies or live stock companies operated on the assessment plan nor to fraternal orders operated on the lodge plan The result has been that the State is being flooded with this class of companies many of which are organized and managed by persons absolutely without financial responsibility and character and prey upon the poor and ignorant of both races Under these conditions I deem it my duty to renew my recom mendation that all such institutions be required to make deposits of reasonable sums with the State Treasurer before receiving the States license to conduct business in the State and urge also that provision be made for the Insurance Commissioner to examine their methods of business and pass on their solvency and respon sibility If it was deemed necessary to require deposits by fire and life companies having assets amounting in many cases to millions of dollars it would seem but reasonable that cooperative or assess ment companies and fraternal orders having in most cases merely nominal assets should also be required to make deposits for the protection of their policyholders Companies of this character necessarily receive most of their business from the poor and labor ing people of both the white and colored races who can only afford to carry a little insurance for the benefit of their families This being true the State should at least give to this class of her citizens such protection as is afforded policyholders in the companies whichCOMPTROLLERGENERALS REPORT 7 are now required to make deposits with the State Treasurer The extremely loose provisions of our statute regulating the incorpora tion of such companies and associations as well as for granting them licenses have tended to encourage the organization of a con siderable number of such and in many cases by persons without financial responsibility or even experience in the conduct of such enterprises and in quite a number of instances by ignorant negroes Thus organized and conducted it is perfectly apparent from the beginning that the result must be failure and the public suffer thereby I therefore renew again my recommendation that suitable leg islation to cure the evils referred to be enacted by the General As sembly at its June session I would also recommend that the license be increased to a sum sufficient to raise a fair revenue from this class of institutions the license now being only ten dollars per annum Respectfully Wm A Wright ComptrollerGeneral and Insurance Commissioner 3t4qThe following Fire Insurance Companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1906 Alliance Fire Insurance Co Philadelphia Pa American Central Fire 415 Locust Street St Louis Mo American Fire Insurance Co Newark N J Agricultural Fire Watertown New York iEtna Fire Hartford Conn Atlas Assurance Co London 49 Wall Street New York 1905 Atlanta and Birmingham Birmingham Ala Atlanta Home Atlanta Ga Boston Insurance Co Boston Mass British America 18 Front Street Toronto Canada Caledonian 27 Pine Street New York London Eng Citizens Fire St Louis Mo Commercial Union 58 William Street New York London Eng Continental 46 Cedar Street New York Connecticut Fire Hartford Conn Dixie Fire Greensboro N C Eagle Fire Insurance Co of New York Fidelity Fire New York N Y Fire Association of Philadelphia 34 Fifth Street Philadelphia Pa Firemans Insurance Co Newark N J Firemans Fund San Francisco Cal Firemans Fund Insurance Corporation 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 N Y Globe and Rutgers 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 YorkCOMPTROLLERGENERALS REPORT 9 Insurance Company of North America 232 Walnut St Phil adelphia Pa Jefferson Fire Insurance Co Philadelphia Pa Liverpool and London and Globe U S B 45 William Street New York Liverpool Eng Liverpool and London and Globe New York London Assurance U S B 88 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 Michigan Commercial Lansing Mich Milwaukee Mechanics Milwaukee National Fire Hartford Conn National Union Fire Pittsburgh Pa Niagara New York New Hampshire Manchester N H North German 2 Liberty Street New York Norwich Union 67 Wall Street New York North British and Mercantile U S B 54 William Street New York Northern Assurance 25 Pine Street New York North River Insurance Co 84 William Street New York Orient Insurance Company Hartford Conn Palatine U S B 21 Nassau Street New York Pennsylvania Fire 510 Walnut Street Philadelphia Pa Phoenix Assurance of England U S B 47 Cedar Street New York XT r Phoenix of New York 16 Court Street Brooklyn N Y Phoenix of Connecticut 64 Pearl Street Hartford Conn Prudential Fire Bluefield W Va Queen of America 49 Cedar Street New York Royal Exchange London Eng Rochester German Rochester N Y Royal Liverpool England Louisville Ky Security Fire Insurance Company New Haven Conn Scottish Union and National U S B 222 Asylum Street Halt ford 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 10 COMPTROLLERGENERALS REPORT Sun New Orleans La Traders Fire 160 LaSalle Street Chicago 111 Union Assurance Society London U S B 35 Pine Street New York United Firemans Insurance Co Philadelphia Pa Virginia State Fire Richmond Va Western Assurance 22 Wellington Street Toronto Canada Westchester Fire 27 and 29 Pine Street New York Williamsburg City Fire 13 Broadway Brooklyn N Y The following Life Insurance Companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1906 Atlanta Industrial Life Atlanta Etna Life Hartford Conn Chicago Life Insurance Co Chicago 111 Citizens Life Insurance Co Louisville Ky Columbian National Boston Mass Connecticut Mutual Life Hartford Conn Equitable Life 120 Broadway New York Fidelity Mutual Life Philadelphia Pa Franklin Life Springfield 111 Germania Life 20 Nassau Street New York Hartford Life Hartford Conn Home Life 256 Broadway New York Illinois Life Chicago 111 Life Insurance Company of Virginia Richmond Va Manhattan Life of New York Maryland Life 10 South Street Baltimore Md Massachusetts Mutual Life 413 Main Street Springfield Meridian Life and Trust Co Indianapolis Ind 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 National Life Chicago 111 National Life Montpelier VtCOMPTROLLERGENERALS REPORT 11 New England Mutual Life Boston New York Life 346 and 348 Broadway New York Northwestern Mutual Life corner Broadway and Milwaukee Streets Milwaukee Wis Pacific Mutual Life San Francisco Cal Prudential Life Newark N J Penn Mutual Life 921 Chestnut Street Philadelphia Pa Phoenix Mutual Life Hartford Conn Philadelphia Life Philadelphia Pa Pittsburgh Trust and Life Pittsburg Pa Provident Savings Life 55 Liberty Street New York Reliance Life Pittsburg Pa Reserve Loan Life Indianapolis Ihd Security Life and Annuity Greensboro N C Security Trust Life Philadelphia Pa Security Life and Annuity Chicago 111 Security Mutual Life Binghampton N Y Southern Life Fayetteville N C State Mutual Life and Annuity Association Rome Ga Southern States Life Montgomery Ala Sun Life Assurance Co Montreal Canada State Life Indianapolis Ind State Mutual Life Assurance Co Worcester Mass Travelers Life 56 Prospect Street Hartford Conn United American Life Wilmington Del Union Central Life 243 West Fourth Street Cincinnati Ohio Union Mutual Life Portland Me Volunteer State Life Chattanooga Tenn Washington Life 21 Courtlandt Street New York The following Assessment Fire Life and Accident Insurance Companies having complied with the laws of Georgia are author ized to transact business in the State for the year 1906 American Mutual Life Rutledge Ga Angelus Mutual Insurance Co Moultrie Ga Athens Cooperative Live Stock Athens Ga Athens Mutual Fire Insurance Company Athens Ga American Insurance Company fire Atlanta Gam mm 12 COMPTROLLERGENERALS REPORT American Live Stock Insurance Co Macon Ga American Live Stock Eastman Ga American Assurance Association life Atlanta Ga Atlanta Mutual Live Stock Insurance Co Atlanta Ga Atlanta Mutual Insurance Co Atlanta Ga Bankers Health and Life Macon Ga Bell Mutual Live Stock Savannah Ga Commonwealth Fire Insurance Company Atlanta Ga Citizens Live Stock Adel Ga Continental Aid Association Atlanta Ga Cooperative Live Stock Swainsboro Ga Cotton Mill Mutual Fire Insurance Company Augusta Ga Empire Mutual Annuity and Life Insurance Company Atlanta Ga Empire State Live Stock Assurance Co Pitts Ga Farmers Mutual Fire Insurance Company Fort Gaines Ga Farmers Cooperative and Protective Live Stock Swainsboro Ga Farmers Mutual Fire Insurance Company Jackson Ga Farmers Mutual Fire Insurance Company Madison Ga Gate City Fire Insurance Company Atlanta Ga Georgia Cooperative Fire Savannah Ga Georgia Mutual Fire Insurance Company Atlanta Ga Georgia Alabama and Florida Live Stock Blakely Ga Georgia Live Stock Scott Ga Georgia Live Stock Insurance Company Tifton Ga Ginners Mutual Insurance Company Athens Ga Great Southern Home Industrial Association Birmingham Ala Guaranty Aid and Relief Society Savannah Ga Home Friendly Society Baltimore Md Industrial Life and Health Insurance Company Atlanta Metropolitan Mutual Benefit Association Atlanta Ga Mutual Life and Industrial Association Athens Ga Mutual Fire Insurance Company Cordele Ga Mutual Fire Indemnity Association Augusta Ga Mutual Benefit Industrial Life Savannah Ga Mutual Live Stock Insurance Company Athens Ga Mutual Benefit Life Association Valdosta Ga National Health and Accident Association Albany Ga National Live Stock Insurance Company Fitzgerald Ga Pilgrims Health and Life Association Augusta Ga GaCOMPTROLLERGENERALS REPORT 13 Planters Live Stock Insurance Co Thomasville Ga South Georgia Farmers Insurance Company Thomasville Ga Southern Cooperative Live Stock Athens Ga Southern Mutual Live Stock Insurance Company Elberton Ga Sterling Mutual Life of Georgia Madison Ga Sunlight Fire Insurance Company Southern Mutual Life Association Atlanta Ga Southern Life and Health Atlanta Ga Union Mutual Association Atlanta Ga Union Benefit Association Savannah Ga United Live Stock Bainbridge Ga The following Miscellaneous Companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1906 yEtna Indemnity Hartford Conn American Casualty Reading Pa American Surety New York American Bonding and Trust Company Baltimore Md Continental Casualty Company Hammond Ind Empire State Surety Company New York Employers Indemnity Co Philadelphia Pa Employers Liability Insurance Association 84 and 85 King Wil liam Street London England and 7i Kilby Street Boston Mass Federal Union Surety Indianapolis Ind Fidelity and Casualty 214 Broadway New York Fidelity and Deposit Company Baltimore Md Frankfort Marine Accident and Plate Glass United States Branch New York 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 Surety Company 166 Liberty Street New York Metropolitan Plate Glass Co 166 Liberty Street New York II I I I 14 COMPTROLLERGENERALS REPORT National Surety Company New York N Y New York Plate Glass New York North American Accident 217 LaSalle Street Chicago Ocean Accident and Guarantee 346 Broadway New York Pennsylvania Casualty Scranton Pa Preferred Accident New York Standard Life and Accident Detroit Mich Thames and Mersey Marine 69 Wall Street New York Title Guaranty and Trust 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 United Surety Baltimore Md The following Fraternal Orders having complied with the laws of Georgia are authorized to transact business in the State for the year 1906 Abraham Lincoln Fraternal Society Louisville Ga American Benevolent Association St Louis Mo American Fraternity Alexandria Va American Guild Richmond Va American Mutual Life Protective Association Elberton Ga American Woodmen Denver Col Benevolent Knights of America Meridian Miss Citizens Mutual Benefit Society Atlanta Ga Catholic Knights of America St Louis Mo Chicago Fraternal League Chicago 111 Eminent Household of Columbian Woodmen Atlanta Ga Farmers Mutual Life Protective Association Atlanta Ga Foresters Toronto Canada Fraternal Union Denver Col Fraternal Life Association Atlanta Ga Fraternal Relief Association Richmond Va Fraternal Bankers of America St Louis Mo Fraternal Censor Dayton Ohio Fraternal Life Benefit Association Elberton Ga Fraternities Accident Order Philadelphia Pa Fraternal Mystic Circle Philadelphia PaCOMPTROLLERGENERALS REPORT 15 Georgia and South Carolina Association Augusta Ga Heptasophs Baltimore Md Heralds of Liberty Huntsville Ala Home Fraternity Association Statesboro Ga Knights of Honor St Louis Mo Knights of Agriculture Washington D C Knights of Columbus New Haven Conn Knights of Modern MaccabeesPort Huron Mich 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 Modern Protective Association Sayre Pa Mutual Life Fraternal Association Athens Ga National Benevolent Society Kansas City Mo National Union Life Association Atlanta Ga North American Union Chicago 111 Old Dominion Protective Association Alexandria Va Peoples Mutual Benefit Association Summerville Ga Royal Arcanum Boston Mass Royal Benefit Society Washington D C Royal Fraternal Union St Louis Mo Senate National Union Toledo Ohio Southern Mutual Benefit Benevolent Association Augusta Ga United Benevolent Society Atlanta Ga United Commercial Travelers Columbus Ohio United States Protective Society St Louis Mo United Woodmen Benefit Association Holly Springs Miss 16 COMPTROLLERGENERALS REPORT iETNA INSURANCE COMPANY HARTFORD CC William B Clark President William H Kra Home Office Hartford Conn James S Middleton Atlanta Attorney for Service in ICAPITAL stock 1 Amount of capital stock paid up in cash 4000000 00 2 Amount of ledger assets as per balance December 31 of previous year 12730797 03 NN re Secretary Georgia 12730797 03 ss December 6086947 12 4046 65 579808 00 44943 12 46238 33 IIINCOME As shown by the books at home office at close of busine 31 1905 Marine and Fire Inland 5 Gross premiums1 7804535 52 530229 15 6 Deduct reinsurance rebate abatement and return premiums 2088776 33 159041 22 7 Total premiums other than perpetuals 5715759 19 371187 93 8 Deposit premiums written on perpetual risks gross 9 Interest on mortgage loans 636 00 11 Interest on bonds and dividends on stocks 579172 00 14 Total interest and rents 15 Profit on sale or maturity of ledger assets 16 From all other sources viz Profit and loss items 17 Total income 6761983 22 2948692 17 3522 98 IIIDISBURSEMENTS Marine and Fire Inland 1 Gross amount paid for losses including 53817545 occurring in pre2 Deduct amount received for salvage 13717795 and for reinsurance in other companies 72085365 686420 19 7161141 3 Net amount paid for losses 2733621 42 215070 75 i 4 Deposit premiums returned COMPTROLLERGENERALS REPORT 17 5 Paid stockholders for interest or dividends amount de clared during the year including stockholders tax 8 Commissions or brokerage 9 Salaries fees and all other charges Officers 14791662 clerks 8768689 agents and other employees 241 34387 Repairs and expenses other than taxes on real estate 31134 advertising printing and stationery 51 79666 legal expenses 379157 furniture and fix tures 15665 miscellaneous 39948537 Taxes on real estate 13 All other taxes licenses and insurance department fees 1960953 municipal licenses 826116 tax on fran chise 37110 tax on premiums 12638238 14 Loss on sale or maturity of ledger assets 15 All other disbursements viz Agents uncollectable bal ances and sundry profit and loss items 11 12 670000 00 1039229 15 376947 38 455541 59 5095 92 154624 17 65160 16 53273 91 16 Total disbursements 5772087 43 IVLEDGER ASSETS 1 Book value of real estate unincumbered 576746 00 2 Mortgage loans on real estate first liens 12600 00 4 Book value of bonds excluding interest 1836373564 and stocks 352566315 11889398 79 5 Cash in companys office 112158 deposited in bank 111886295 1119984 53 6 Agents balances representing business written subse quent to October 1 1905 104673 98 7 Agents balances representing business written prior to October 1 1905 17289 52 11 Total net ledger assets 13720692 82 NONLEDGER ASSETS 12 Interest accrued on mortgages 15 Interest accrued on other assets 196 00 1625 00 17 Total 1821 00 19 Market value of bonds and stocks over book value 2400400 07 20 Other nonledger assets viz Gross premiums in course of transmission December 31 741418 50 21 Gross assets 16864332 39 DEDUCT ASSETS NOT ADMITTED 25 Agents balances representing business written prior to October 1 1905 2 in 17289 5218 COMPTROLLERGENERALS REPORT 28 Depreciation from book value of ledger assets to bring same to market value viz Real estate 31746 00 29 Total 49035 52 30 Total admitted assets 16815296 87 VLIABILITIES 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 3 Gross claims for losses resisted 144203 51 399355 50 14504 32 4 Total 5 Deduct reinsurance due or accrued 558003 33 113283 68 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired Are risks running one year or less from date of policy including interest premiums on perpetual fire risks 3 80317995 unearned premiums fifty per cent 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more that one year from date of policy 531370408 unearned premiums pro ratal 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 26535778 unearned premiums fifty per cent 1901589 98 2897441 46 132678 89 444779 65 12 Total unearned premiums as computed above 4931715 33 13 Amount reclaimable by the insured on perpetual fire insurance policies being ninetyfive per cent of the premium or deposit received 85179 09 Commissions brokerage and other charges due or to be come due to agents and brokers 747S9 41 Return premiums 112920136 reinsurance premiums 11361810 242822 46 20 21 24 Total amount of all liabilities except capital 5779285 94 25 Capital actually paid up in cash 4000000 00 26 Surplus over all liabilities 7036010 93 27 Surplus as regards policyholders 28 Total liabilities 11036010 93 16815296 87 COMPTROLLERGENERALS REPORT 19 Business in the State of Georgia during the year Fire Marine and Inland Gross risks written14453255 00 Gross premiums re ceived 226388 79 Losses paid 86454 05 Losses incurred 75743 28 Amount at risk 11510688 00 Tornado Aggregate 345357 00 980560 00 15779172 00 2069 15 1600 00 8903 97 312 90 312 90 1240968 00 237361 9i 86766 95 76056 18 12667656 00 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN NEW YORK W H Stevens President J L Adams Secretary Principal Office 23 Washington St Watertown N Y Cliff C Hatches Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 503000 00 2 Amount paid up in cash 500000 00 nASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 299398 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 55425S 78 3 Interest due on all said bond and mortgage loans 2 89569 interest accrued thereon 879926 total 11694 95 4 Value of lands mortgaged exclusive of buildings and perishable improvements 74i363 00 5 Value of buildings mortgaged insured for 61254000 as collateral 455249 00 6 Total value of said mortgaged premises carried inside 1201612 00 9 Total par and mark t value of stocks and bonds owned absolutely by the company carried out at market value 1205362 00 11 Total amount loaned on stocks and bonds and all other securities except mortgages 473340 00 12 Cash in companys principal office 6044 85 13 Cash belonging to company deposited in bank Jefferson County National National Bank Loan Co National Union and Watertown National of Watertown N Y Mercantile Trust Co of New York City National Herkimer County Bank of Little Falls N Y 174600 60 Total cash items 180645 4520 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks and bonds not in cluded in market value uncollected 12675 08 16 Interest due and accrued on collateral loans and mis cellaneous assets 13 345 25 17 Cash in hands of agents and in course of transmission 268775 18 Total assets of the company actual cash market value 3019494 69 IIILIABILITIES 1 Losses due and unpaid 57026 86 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 75846 04 3 Losses resisted including interest cost and other expenses thereon 12625 50 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 145498 40 6172 46 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running oneyearor less froti date of policy 93162700 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 fro 11 date of policy 185385200 unearned premiums pro rata 465813 50 988276 00 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commissions brokerage and other charges due and to become due to agents 5913054 reinsurance 968716 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 139325 94 1454089 50 3817 70 1662233 14 500000 00 857261 55 3019494 69 COMPTROLLERGENERALS REPORT 21 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 244183 46 3 Net collected 244183 46 4 Gross premiums on risks written and re newed during the year 1953481 50 5 Total 2197664 96 6 Deduct premiums and bills in course of collection at this date 268775 18 7 Entire premiums collected during the year 1928889 78 8 Deduct reinsurance and return premiums 608652 38 9 Net cash actually received for premiums carried out 1320237 40 10 Received for interest on bonds and mortgages 29705 66 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 72687 57 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 4909lo 15 Aggregate amount of income actually received during the year in cash 1427539 78 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 10688629 losses occuring in previous years 766765 4S 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 362893 and all amounts actually received for rein surance in other companies 15909552 total deductions162724 45 3 Net amount paid during the year for losses 604041 03 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 8737 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 9olb9 4 8 Paid for State national and local taxes in this and other n 52144 67 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 22 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 2 o4 100 00 Premiums received gross 26 145 85 Losses paid Losses incurred nm 2g ALLIANCE INSURANCE COMPANY OF PHILADELPHIA Chakles Platt President Henky W Farnum Secretary Edwabd S Gay Atlanta Attorney for Service in Georgia Home Office No 232 Walnut Street Philadelphia Pa ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 Amount of ledger assets as per balance December 31 of previous year 993236 09 Extended at 993230 09 1 Gross premiums 2 Deduct reinsurance re bate abatement and re turn premiums 11INCOME Fire 432353 26 7S619 08 Marine and Inland 87004 34 2758 51 3 Total premiums other than perpetuals 353734 18 S4245 83 4 Deposit premiums written on perpetual risks gross 7 Interest on bonds and dividends on stocks 42095 17 8 Interest from all other sources 573 39 10 Total interests and rents 12 From all other sources viz Perpetual permits trans fer fees and earned deposits 13 Total income HIDISBURSEMENT Fire 1 Gross amount paid for losses 70065 25 2 Deduct amount received for salvage 250524 and for reinsurance in other companies 252074 2520 74 Marine and Inland 32811 54 2505 24 437980 01 4995 00 42668 49 10 50 I 485654 00 3 Net amount paid for losses 67534 51 30306 30 97840 81COMPTROLLERGENERALS REPORT 23 4 Deposit premiums returned 8 Commissions or brokerage 9 Salaries fees and all other charges of officers clerks agents and other employees lO Rents 13 All other taxes licenses and insurance department fees 15 All other disbursements viz Advertising printing and stationery 793678 legal expenses 107520 mis cellaneous 1203550 16 Total disbursements IVLEDGER ASSETS 4 Book value of bonds excluding interest f 1108219 75 5 Cash in companys office 3089 deposited in bank 8966283 6 Agents balances representing business written subsequent to October 1 1905 7 Agents balances representing business written prior to October 1 1905 8 Bills receivable not matured taken for marine and inland risks 89693 72 42884 54 112 50 1035 00 250 00 89993 94 21962 38 2163 01 3681 96 21047 48 236944 58 11 Total ledger assets NONLEDGER ASSETS 19 Market value of bonds and stocks over book value 1211945 51 21 Gross assets DEDUCT ASSETS MOT ADMITTED 4 Agents balances representing business written piior to October 1 1905 210 25 1242155 76 112 50 9 Total admitted assets 1242043 26 VLIABILITIES 1 Gross losses adjusted and unpaid not ye due 2541 30 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 55904 l 4 Total 5 Deduct reinsurance due or accrued 58445 55 12795 25 6 Net amount of unpaid losses and claims 45650 30 i wr 24 7 Gross COMPTROLLERGENERALS REPORT premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy including interest premiums on perpetual Are risks 25092637 unearned premium fifty per cent 8 Gross premiums received and receivable upon all unexpired Are risks running more than one year from date of policy 74982 04 unearned premiums pro rata 9 Gross premium cash and bills received and receivable upon all unexpired land navigation and marine risks earned premiums 100 per cent m un 125463 18 63890 10 42021 26 12 13 Total unearned premiums as computed above Amount reclaimable oy the insured on perpetualfire insurance policies being 90 percent of the premium or deposit received 24 Total amount of all liabilities except capital 25 Capital actually paid up in cash 26 Surplus overall liabilities 27 Surplus as regards policyholders 28 Total liabilities 500000 00 460747 92 231374 54 4270 50 281295 34 960747 92 1242043 26 AMERICAN CENTRAL INSURANCE COMPANY OF ST LOUIS MO Gbo T Cram President T w A t Jno H Adams Secretary Principal Office 816 Olive Street C H Dillingham Columbus Attorney for Service in Georgia I CAPITAL 1 Whole amount of capital stock 1000000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first hens on the fee simple rnn AA 4 Value of lands mortgaged exclusiveof buildings and perishable improvements 10 000 00 5 Value of buildings mortgaged insured for 1290000 as collateral 12i70o 0 9 Total par and market value of stocks anoTboed absolutely by the company carried out at market value 3507636 30COMPTROLLERGENERALS REPORT 25 11 Total amount loaned on stocks bonds and all other securities except mortgages 170000 00 12 Cash in companys principal office 11925 15 13 Cash belonging to the company deposited in bank 221890 43 Total cash items 233815 58 17 Cash in hands of agents and in course of transmission 321008 47 Total assets of the company actual cash market value 4239960 35 IIILIABILITIES 1 Losses due and unpaid 60886 91 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 124151 91 3 Losses resisted including interest costs and other expenses thereon 14328 59 4 Total gross amount of claims for losses 193o7 41 5 Deduct reinsurance thereon 52447 73 6 Net amount of unpaid losses 146919 68 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 137003062 un earned premiums fifty per cent 685015 31 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 169780431 unearned premiums pro rata 928356 03 11 Total unearned premiums as computed above carried out 161337134 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due agents on premiums in course of collection 48151 27 20 Total amount of all liabilities except capital stock andnetsurplus n nnn nn 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1431olS ob 24 Aggregate amount of all liabilities including capital paid up and net surplus 4239960 35 26 COMPTROLLERGENERALS REPORT 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 2 Net collected 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance on return premiums 278144 34 278144 34 2936 148 54 321492 88 321008 47 2893284 41 914120 33 9 10 11 15 Net cash actually received for premiums carried out 1979164 08 Received for interest on bonds and mortgages 412 00 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 173232 19 Aggregate amount of income actually received during the year in cash 2152808 27 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amounts actually paid for losses in cluding 12868773 losses occurring in previous years 1210916 60 2 Deduct all amounts actually received for salvages whether on loss s of the last or of previous year 1716362 and all amounts actually received for reinsur ance in other companies 21364997 total deductions 220813 59 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100 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 Rent 7 88892 postage exchange express and telegraph 1448333 advertising 313057 general expenses 2040944 total 990103 01 120000 00 393101 99 102271 83 48049 97 249597 23 Aggregate amount of actual expenditures during the yearincah 1903124 03COMPTROLLERGENERALS REFORT 27 Business in the State of Georgia during the year Fire risks written 2629384 00 Premiums received aross 45209 99 Losses paid 21422 67 Losses incurred 25964 66 AMERICAN INSURANCE COMPANY OF NEW JERSEY E O Dorbmus President Jas H Wokdbn Secretary HomeOffice 70 Park Place Newark N J Olin L Patillo 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 5220430 75 Extended at 5220430 75 IIINCOME Fire and Tor 1 Gross premiums 2947174 62 2 Deduct reinsurance rebate abatement and return premiums 658206 26 3 Total premiums other than perpetuals 5 Interest on mortgage loans 79703 87 7 Interest on bonds and dividends on stocks 10i703 88 8 Interest from all other sources 4614 69 9 Gross rents from companys property 12432 22 2288968 36 10 Total interest and rents 11 Profit on sale or maturity of ledger assets 13 Total income 203454 60 196485 28 2688908 30 IIIDISBCRSEMBNTS 1 Gross amount paid for losses including 17094876 occurring in previous years 2 Deduct amount received for salvage 2783262 and for reinsurance in other companies 10246553 Fire ami Tor 1083285 94 130298 15 Net amount paid for losses Paid stockholders for interest or dividends amount declared during the year 10200000 9589502 paid policyholders lamount declared during the year 15000 14500 Commissions or brokerage 952987 79 96040 02 472773 8828 COMPTROLLERGENERALS REPORT 9 Salaries fees and all other charges of officers clerks agents and other employees 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 station ery postage express traveling legal and miscella neous expenses 16 Total disbursements 122835 19 2890 24 5551 01 67887 69 3245 13 174168 40 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2 Mortgage loans on real estate 4 Book value of bonds excluding interest 266364270 and stocks 50269164 5 Cash in companys office 116204 deposited in bank 22126746 6 Agents balances representing business written subse quent to October 1 last 7 Agents balances representing business written prior to October 1 last 9 Bills receivable taken for fire risks 11 Total ledger assets 1898379 35 533900 00 1524175 75 3166334 34 222429 50 298426 14 5478 90 260215 07 601095970 NONLEDGER ASSETS 12 Interest due 622609 and accrued 1650410 on mort gages 13 Interest due and accrued on stocks and bonds 16 Rents due 22730 19 41194 90 128 00 21 Gross assets 6075012 79 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 last 5 Bills receivable past due taken for fire risks 7 Depreciation from book value of ledger assts to bring same to market value viz Stocks and bonds carried below book and market values 5478 90 48871 95 15304 34 8 Total 9 Total admitted assets 69655 19 6005357 60 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 3239 21COMPTROLLERGENERALS REPORT 29 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 166437 13 3 Gross claims for losses resisted 6756 17 4 Total 176432 51 5 Deduct reinsurance due or accrued 28843 78 6 Net amount of unpaid losses and claims 147588 73 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired Are risks running one year or less from date of policy including interest premiums on perpetual fire risks 1076 88221 unearned premiums fifty per cent 538441 10 8 Gross premiums lass reinsurance re ceived and receivable upon all unex pired Are risk running more than one year from date of policy 380834916 unearned premiums pro rata 2152854 43 12 Total unearned premiums as computed above 2691295 53 18 Cash dividends remaining unpaid to stockholders 3057607 to policyholders 17600 30752 07 20 Commissions brokerage and other charges due or to be come due to agents and brokers 10526186 24 Total amount of all liabilities except capital 2974898 19 25 Capital actually paid up in cash 600000 00 26 Surplus over all liabilities 2430459 41 27 Surplus as regards policyholders 3030459 41 28 Total liabilities 6005357 60 Business in the State of Georgia during the year Risks written fire 1184369 00 Premiums received 14431 26 Losses paid 328 80 Losses incurred 5624 82 ATLAS ASSURANCE COMPANY LIMITED LONDON Frank Lock U 3 Manager 19 Wall Street New York Ciipp C Hatcher Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 11000000 00 2 Amount paid up in cash 1320000 0030 COMPTROLLERGENERALS REPORT IIASSETS 1 Market value of real estate owned by the company less the amount of incumbranees thereon 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2 Cash in companys principal office 5933 39 3 Cash belonging to the company deposit ed in bank Merchants National Bank New York 8487479 Manhattan Trust Co New York 1745070 National Bank of Illinois Chicago f 252528 First National Bk Chicago 2797526 Canadian Bank of Commerce San Francisco 2133258 Mercantile Trust Co San Francisco 672824 total 160886 85 15 17 Total cash items Interest due and accrued on stocks not included in market value uncollected Gross premiums in course of collection on policies not more than three months due All other assets both real and personal viz Due from Manchester Assurance Co 1323114 due from sundry debt ors I6S42 13299 56 Less unadmitted assets 631 37 Total assets of the company actual cash market 35000 00 1524295 00 166S20 24 1976 63 238576 27 12668 19 value 1997146 33 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 fire risks running one year or less from date of policy 8 106060102 un earned premiums fifty per cent 11510 91 63851 39 4875 00 80237 30 6357 59 73879 71 530300 51COMPTROLLERGENERALS REPORT 31 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 91270439 unearned premiums pro rata 515434 55 11 19 20 23 24 Total unearned premiums as computed above carried out All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission 4771525 reinsurance 1471519 Total amount of all liabilities except capital stock and net surplus Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IV INCOME DURING THE TEAK On Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 309782 91 Net collected 309782 91 Gross premiums on risks written and re newed during the year 1937429 80 Total 2247212 72 Deduct premiums and bills in course of collection at this date 244150 95 Entire premiums collected during the year 2003055 76 Deduct reinsurance and return pre 507460 74 1045735 06 62430 44 1182045 21 815101 12 1997146 33 miums 9 11 15 Net cash actually received for premiums carried out Received for interest and dividends on stocks and bonds collateral loans and from all other sources Aggregate amount of income actually received during the year in cash V EXPENDITURES DURING THE YEAR On Fire K sks Gross amount actually paid for losses in cluding 10324143 losses occurring in previous years 705077 32 1495595 02 50455 95 1546050 9732 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 701887 and all amounts actually received for reinsur ance in other companies 3747680 total deductions 44 495 47 3 Net amount paid during the year for losses 66118185 6 Paid for commissions or brokerage 330693 76 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 116231 27 8 Paid for State national and local taxes in this and other States 48883 31 9 All other payments and expenditures viz Rents 11 32438 local boards 1925784 advertising 940573 postage 1311232 traveling 3148344 sundry ex penses 2963830 total 114222 01 10 Amount sent to home offices during the year 7285563 Aggregate amount of actual expenditures during the year in cash 271 212 20 Business in the State of Georgia during the year Fire risks written qh joq qq Premiums received gross 29 488 01 0SsesPaid 1L16093 Losses incurred 1174102 ATLANTABIRMINGHAM FIRE INSURANCE COMPANY OF BIRMINGHAM ALA J T Dargax President r0bt N Hughs Secretary Principal Office Empire Building Atlanta Ga J T Dargan Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 250 000 00 2 Amount paid up in cash 250000 00 TIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 4 850 00 3 Interest due on all said bond and mortgage loans 7500 interest accrued thereon 12531 total 200 31 4 Value of lands mortgaged exclusive of buildings and perishable improvements 8750 00 5 Value of buildings mortgaged insured for 590000 as collateral 70 0COMPTROLLERGENERALS REPORT 33 6 Total value of said mortgaged premises carried inside 18500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 489920 00 11 Total amount loaned on stock bonds and all other securities except mortgages 1000 00 12 Cash in companys principal office 6981 80 13 Cash belonging to the company deposited in bank 46817 20 Total cash items 53799 00 15 Interest due and accrued on stocks not included in market value uncollected 1627 93 16 Interest due and accrued on collateral loans and un collected 334 79 17 Cash in hands of agents and in course of transmission 100517 48 All other assets both real and personal viz Furniture and fixtures and maps 13901 49 Total assets of the company actual cash market value 665951 00 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 15342 16 3 Losses resisted including interest costs and other expenses thereon 1956 00 4 Total gross amount of claims for losses 17298 16 5 Deduct reinsurance thereon 6032 12 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 368953 98 unearned premiums fifty percent 184476 99 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 19724654 unearned premiums pro rata 124862 73 11 Total unearned premiums as computed above carried out 11266 04 309339 72 3 in34 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except capital stock scrip and net surplus 320605 76 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 95345 24 24 Aggregate amount of all liabilities including capital paid up and net surplus 665951 00 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed d uring the year 8 Deduct reinsurance and return premiums 787773 97 287318 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 13 Received for increase capital 2750000 received for increased surplus 2750000 total 15 Aggregate amount of income actually received during the year in cash 500455 56 744 19 20020 63 55000 00 576220 38 EXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 206L568 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 830403 and all amounts actually received for rein surance in other companies 8135402 total deductions Fire Risks 352820 00 89658 05 3 Net amount paid during the year for losses 263161 95 4 Cash dividends actually paid stockholders amount of stockholders div dends declared during the year 26567 10 6 Paid for commissions or brokerage 129253 55 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 64354 09 8 Paid for state national and local taxes in this and other states 22402 51 9 All other payments and expenditures viz Rents 2 85300 loss on assets 3040 miscellaneous accounts 1669062 19574 02 Aggregate amount of actual expenditures during the year in cash 525313 22COMPTROLLERGENERALS REPORT 35 Business in the State of Georgia during the year Fire risks written 3126522 00 Premiums received gross 54884 68 Losses paid 21521 06 Losses incurred 21077 96 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Robt J Lotvry President Joel Hurt Secretary Principal Office 223 Equitable ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 II ASSETS 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 168460 00 11 Total amount loaned on stocks and bonds and all other securities except mortgages 18000 00 12 Cash in compani s principal officeif 43 51 13 Cash belonging to the company deposited inbankLowry National Bank 53 55173 Trust Co of Georgia 766855 61220 28 Total cash items 61263 79 17 Cash in hands of agents and in course of transmission 23320 59 All other assets both real and personal viz Office fur niture 3500 00 reinsurance premiums 6 63 3506 63 Total assets of the company actual cash market value 34455101 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3085 00 3 Losses resisted including interest costs and other expenses thereon 1600 00 4 Total gross amount of claims for losses 4685 00 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 3304091 un earned premiums fifty per cent 66081 83s6 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy unearned premiums pro rata 28309 76 11 Totalunearned premiums as computed abovecarried out 20 21 23 24 Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplusI IVINCOME DURING THE YEAH On Marine and Inland Risks Gross premiums and bills in course of collection at close of last previous year as shown by that years statement Netcollected Gross premiums on risks written and re newed during the year Total Deduct premiums and bills in course of collection at this date 15836 30 15836 30 115392 48 131228 78 23320 59 9 10 11 12 15 Entire premiums collected during the year 107908 19 Deduct reinsurance and return premiums 27526 19 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 Incomereceived from allother sourcesomitting increase if any in value of securities viz Rents 482453 Increase of market value of stocks Aggregate amount of income actually received during the year in cash VEXENDITURES DURING THE YEAR Gross amount actually paid for losses in cluding 334000 losses occurring in previous years Deduct all amounts actually received for salvages whether on losses of the last or of previous year On Fire Rises 39391 30 3543 71 61350 67 66035 67 200000 0f 78515 34 344551 01 S0382 00 6192 50 3178 65 5366 16 3210 00 98329 31COMPTROLLERGENERALS REPORT 37 3 Net amount paid during the year for losses 35847 59 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 12000 00 6 Paid for commissions or brokerage 14624 65 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 1 001 00 8 Paid for State national and local taxes in this and other States 418970 9 All other payments and expenditures8128 32 Aggregate amount of actual expenditures during the year in cash 85791 26 Business in the State of Georgia during the year Fire risks written 2995144 00 Premiums received gross 54230 69 Losses paid gross 24282 69 Losses incurred BOSTON FIRE INSURANCE COMPANY OF BOSTON MASS Ransom B Fuller President Thos H Lord Secretary Principal Office 137 Milk St W L Wilson Savannah Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock L000 00 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 I5000 00 2 Loans on bond and mortage duly recorded and being first liens on the fee simplo 1132910 w 3 Interest due on all said bond and mortgage loans 8 34427 interest accrued thereon 214440 total 0488 6 4 Value of lands mortgaged exclusive of j buildings and perishable improve ments f 5 Value of buildings mortgaged insured for 99330000 as collateral 6 Total value of said mortgage premises carried inside 2442800 00 7 Amountof other loans 71000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market m g7 value38 COMPTROLLERGENERALS REPORT 11 Total amount loaned on stock bonds and all other se curities except mortgages 71 000 00 12 Cash in companys principal office 1213 48 13 Cash belonging to the company deposited in bank 598855 34 Total cash items 600068 82 15 Interest due and accrued on stocks not included in market value uncollected 4 ggg 33 16 Interest due and accrued on collateral loans and un collected 212 50 17 Premiums in course of collection not over three months Pasfc due 266694 89 18 Bills receivable taken for marine and inland risks 62714 89 All other assets both rea and personal viz Due from other companies for reinsurance on losses already paid 234856 American Mutual Insurance Co scrip 81 05000 deposit with fire boards 20000 359s 56 Total assets of the company actual cash market value 4430294 63 IIILIABILITIES 1 Losses due and unpaid 13964 50 2 Gross losses in process of ad j ustment or in suspense including all reported and supposed losses 255658 76 3 Losses resisted including interest costs and other expenses thereon 3050 00 4 Total gross amount of claims for losses 272673 26 5 Deduct reinsurance thereon 35158 20 6 Net amount of unpaid losses 237515 06 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 49929591 un earned premiums 50 per cent 249647 95 Excess of original premiums over amount received for reinsurance 322715 un earned premiumspro rata 1859 95 8 Gross premiums without any deduction received and receivable upon all un expired Are risks running more than one year from date of policy 64312423 unearned premiums pro rata 356877 74 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired in land navigation and marine risks 15 35991 unearned premiums 100 per cent 15359 91COMPTROLLERGENERALS REPORT 39 10 Gross premiums without anyldeduction received and receivable on all unex pired marine risks 66261191 un earned premiums 60 per cent 397567 15 11 Total unearned premiums as computed above carried 1021312 70 out 4418 15 18 Reinsurance premiums 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 or to become due to agents and brokers esti mated 3308371 contingent salvage account 297750 360611 Total amount of all liabilities except capital stock scrip net surplus 21 Joint stock capital act ally paid up in cash 000000 uu 23 Surplus beyond capital and all other liabilitiesf1 ox 24 Aggregate amount of all liabilities including capital paidupandnet surplus 4430294 6d IVINCOME DURING THE YEAR Marine and Fire Risks Inland Risks I Gross premiums andbills in course of collection at close of lastprevious year as shown by that years statement 119310 94 175688 71 3 Net collectedI 119310 91 175688 71 4 Gross premiums on risks written and reneweddur QR7Qo I 087 745 63 l3486o7 93 ing the year 1wlu 5 Total 1207056 57 1524346 64 6 Deduct premiums and bills in course of collection at this date 130303 42 29390 26 7 Entire premiums collected 3g duringtheyear iuioioo o 8 Deduct reinsurance aud return premiums bl0D iu 9 Net cash actually received iutPrerai0mCred 00567 0817747 UJMJJI 10 Received for interest on bonds and mortgages II Received for interests and dividends on stocks and bonds collateral loans and from all other sources 40 COMPTROLLERGENERALS REPORT 12 Income received from all other sources omitting in crease any in value of securities viz Rente 1 55260 dividend National Suffolk Bank 5200 real estatei Orient Heights 315 59 refund bond tax 5 93785 total 7888 01 15 Aggregate amount of income actually received during the year in cash 1932174 10 VEXPENDITURES DCBING THE YEAR Marine and 1 ii Fire Risks Inland Risks 1 Oross amount actually paid for losses including 22361555 losses occur ring in previous year 375684 07 84662191 2 Deduct all amounts ac tually received for sal vages whether on losses of the last or of previous year 8756063 and all amounts actually re ceived for reinsurance in other companies 251 10748 total deductions 71914 35 266753 76 3 Net amount paid during the year for losses 303769 72 579868 13 883637 87 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 310040 39 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 145997 88 8 Paid for State national and local taxes in this and other Q f e8 42885 27 v All other payments and expenditures 85934 53 Aggregate amount of actual expenditures during the year in cash i58M95 94 Butiness in the State of Georgia during the year Marine and inland risks written j 237 44 00 Premiums received gross 1964 84 COMPTROLLERGENERALS REPORT 41 BRITISH AMERICA ASSURANCE COMPANY TORONTO CANADA Hon Geo A Cox President P H Sims Secretary Principal Office 18 and 20 Front St East Toronto Canada Geo J Dexter Atlanta Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonds ownd absolutely by the company carried out at market value 1211674 24 13 Cash belonging to the company deposited in Canadian Bank of Commerce N Y 118370 67 15 Interest due and accrued on stocks not included in market value uncollected 12638 94 17 Cash in hands of agents and in course of transmission 258994 36 Total assets of the company actual cash market value 1601678 21 IIILIABILITIES 1 Losses due and unpaid 20960 91 2 Gross losses in process of adj ustment or in suspense including all reported and supposed losses 57663 56 3 Losses resisted including interest costs and other expenses thereon 3884 22 6 Net amount of unpaid losses 82508 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 99923440 unearned premiums fifty per cent 499017 20 S Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 77101784 unearned premiums pro rata 409464 92 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired Inland navigation and marine risks 9146016 45730 08 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 3701 50 11 Total unearned premium as computed above carried out i 958513 7042 19 20 23 24 COMPTROLLERGENERALS REPORT All other demands against the Company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage etc 58729 11 Total amount of all liabilities except capital stock and net surplus 1099751 50 Surplus beyond capitaland all other liabilities 501926 71 Aggregate amount of all liabilities including capital paid up and net surplus 1601678 21 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement IVINCOME DURING THE YEAH Fire Risks Marine and Inland Risks 152863 47 16819 45 Net collected 152863 47 16819 45 Gross premiums on risks written and renewed dur ing the year 1631255 02 246987 02 Total 1784118 49 26306 47 Deduct premiums and bills in course of collection at this date 236457 21 22537 15 Entire premiums collected during the year 1547061 28 241269 32 Deduct reinsurance and re turn premiums 378656 89 40513 87 9 11 15 Net cash actually received for premiums carriedout 116900139 200755 45 1369759 84 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 35764 10 Aggregate amount of income actually received during the year in cash 1405523 94 VEXPENDITURES DURING THE YEAR Fire Risks Marine and Inland Risks Gross amount actually paid for losses including 97 84273 losses occurring in previous years 724554 64 259974 92COMPTROLLERGENERALS REPORT 43 2 Deduct all amounts actu ally received for salvages whether on losses of the last or of previous years 2692442and all amounts actually received for rein surance in other compa nies 108678 70 total deductions 89892 35 45710 77 3 Net amount paid during the year for losses 634662 29 21426115 848926 44 6 Paid for commissions or brokerage 247570 18 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 72138 87 8 Paid for State national and local taxes in this and other States 63108 97 9 All other payments and expenditures 103964 64 Aggregate amount of actual expenditures during the year in cash 1335709 10 Business in the State of Georgia during the year Risks written Premiums received gross Losses paid Losses incurred Fire Risks 1655397 00 29812 74 11150 18 8784 90 Marine and Inland Risks 100259 00 242 70 2504 49 2504 49 Aggregate 1755656 00 30055 44 13654 67 11289 39 CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH SCOTLAND Chas H Post U S Manager R C Christopher Asst Manager Principal office in U S 50 and 52 Pine St New York N Y C S Mathkws Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stockifc 5000000 00 2 Amount paid up in cash 537500 00 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 carried out at market 434489 53 value 1086987 5044 COMPTROLLERGENERALS REPORT 12 Cash in companys principal office 1015 81 13 Cash belonging to the company deposited in bank 175822 46 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 123304 02 13866 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 94844592 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all un expired Are risks running more than one year from date of policy 1104 83425 unearned premiums pro rata 474222 96 614923 63 176838 27 11134 14 189432 62 439 06 11214 90 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for Are marine and inland risks All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 673582 due from other companies 447908 Total assets of the company actual cash market value 1910536 02 IIILIABILITIES 1 Losses due and unpaid 52494 95 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 57594 91 3 Losses resisted including interest costs and other expenses thereon 13214 16 109437 96 1089146 59 37326 27 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz reinsurance premiums 2732627 contingent 1000000 20 Total amount of all liabilities except capital stock scrip and net surplus 1235910 82 23 Surplus beyond capital and all other liabilities 674625 20 24 Aggregate amount of all liabilities including capital paid up and net surplus 1910536 02 COMPTROLLERGENERALS REPORT 45 IVINCOME DURING THE YEAB 4 Gross premiums on risks written and re newed during the year 1934238 48 8 Deduct reinsurance and return premiums 555567 02 9 Net cash actually received for premiums carriedout 137867146 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 40000 93 12 Income from all other sources omitting increase if any in value of sureties viz Rents 20373 52 15 Aggregate amount of income actually received during the year in cash 1439045 91 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses including 11850636 losses occurring in previous years 897lo8 9o 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 608170 and all amounts actually received for reinsur ance in other companies 24297063 total deductions 249052 33 3 Net amount paid during the year for losses tfATn 94 6 Paid for commissions or brokerage 325410 M 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 101099 U 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures 10 Amount sent to home offices during the year 16144205 Aggregate amount of actual expenditures during the i18255 Di year in cash Business in the State of Georgia during the year 848325 00 Fire risks written gQ g Premiums received gross 678 78 Losses paid 2 131 07 Losses incurred 36667 41 71269 28 46 COMPTROLLERGENERALS REPORT CITIZENS EIRE INSURANCE COMPANY OF MISSOURI Sol E Waggoner President j h Cakr Secretary Principal Office Century Building St Louis Mo 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 400 00 2 Loans on mortgage duly recorded and being first liens on the fee simple 093 215 00 3 Interest due on all mortgage loans and interest ac crued thereon 3 qq 4 Value of lands mortgaged exclusive of buildings and perishable improvements 455500 00 5 Value of buildings mortgaged insured for 25955000 as collateral 299500 00 6 Total value of said mortgaged premises carried inside 755000 00 Total par and market value of stocks and bonds owned absolutely by the company carried out at marketvalue 310900 00 12 Cash in companys principal office 259 10 13 Cash belonging to the company deposited in bank Merchants Laclede National Bank St Louis 5938335 Bankers Trust Co M Y 1522768 WellsFar go Bank San Francisco 129767 Lowry National Bank Atlanta 10 6986 total 85978 56 Total cash items eR 0q7 oP 15 Interest due and accrued on bonds not included in mar ket value uncollected Km it n u 1 j o4oo 00 17 Cash in hands of agents and in course of transmission gross premiums in course of collection 148 966 28 Total assets of the company actual cash market Value 846701 94 IIILIABILITIES 1 Losses due and unpaid 354 12 2 Gross losses in process of adjustment or in suspense including all reported and suDiiosed losses j2l 088 G5COMPTROLLERGENERALS REPORT 47 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 10044 27 143487 04 111372 44 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 36094400 un earned premiums fifty per cent 180472 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 314843 00 unearned premiums pro rata 174360 45 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions on premiums in course of collection 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Marine and On Fire Risks Inland Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 122759 28 2 Deduct amount of same not collected 1219 23 3 Net collected 121540 05 4 Gross premiumson risks writ ten and renewed during the year2183695 99 5 Total 2305236 04 6 Deduct premiums and bills in course of collection at this date 148966 28 32114 60 354832 45 27573 13 414520 18 200000 00 232181 76 846701 94 25 04 25 04 296 28 321 32I 48 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year2156269 76 8 Deduct reinsurance and re turn premiums1702429 64 321 32 207 39 9 Net cash actually received for premiums carried out 453840 12 113 93 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 Received from stockholders for credit account surplus 15 Aggregate amount of income actually received during the year in cash 503187 79 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 12238278 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 365654 and all amounts actually received for reinsur ance in other companies 70697954 963816 40 total deductions 710636 OS 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 states1 9 All other payments and expenditures viz Rents 2 26706 printing and stationery 212410 legal 14574 furniture and fixtures 42396 sundries 36101 49 total 10 Loss in sale of ledger assets 453954 05 12407 52 11826 22 25000 00 253ISO 32 88563 62 38269 35 16308 66 41062 35 3063 21 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 440147 51 2428090 00 45706 28 14610 07 27251 86COMPTROLLERGENERALS REPORT 49 COMMERCIAL UNION ASSURANCE COMPANY LIMITED OF LONDON ENGLAND A H Wkay Manager Principal Office in United States Corner Pine and Williams 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 888000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 47000 00 3 Interest due on all said bond and mortgage loans and interest accrued thereon 236 25 4 Value of lands mortgaged exclusive of buildings and perishable improvements 29000 00 5 Value of buildings mortgaged insured for 5080000 as collateral 57000 00 6 Total value of said mortgaged premises carried inside 86000 00 Total par and market value of stocks and bonds owned absolutely by the company carried out at marketvalue 3157976 25 12 Cash in companys principal office 14217 72 13 Cash belonging to company deposited in bank Morton Trust Co New York 7212077 National Bank of Commerce New York 13449837 American Ex change National Bank New York 2947376 AngloCalifornian Bank San Francisco 4724834 First Nation al Bank Denver 14785 National Union Bank Boston 2421775 80770684 Total cash items 321924 06 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission 5o9288 94 18 Bills receivable not matured taken for Are marine and inland risks All other assets both real and personal viz i a 10014 16 Rents due and accrued Total assets of the company actual cash market value 450 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses unpaid not yet due 66137 49 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 271516 00 3 JiOsses resisted including interest costs and other expenses thereon 34590 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 372243 49 24857 49 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 246549531 unearned premiums fifty per cent 1232747 66 8 Gross premiums witnout any deduction received and receivable upon all un expired fire risks running more than one year froai date of policy 3305 37392 unearned premiums prorata 1603944 27 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 19723 83 Gross premiums without any deduction received and receivable on all unex pired marine risks 34777 64 347386 00 10 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 1496439 reinsurance premiums 5859441 2891193 40 106656 68 73558 80 20 Total amount of all liabilities except capital stock scrip and net surplus 3418794 88 23 Surplus beyond capital and all other liabilities 1569320 45 24 Aggregate amount of all liabilities including capital paid up and net surplus 4988115 33COMPTROLLERGENERALS REPORT 51 IVINCOME DURING THE YEAR Maiine Fire Risks and Inland Bisks 1 Gross premiums and bills in in course of collection at close of last previous year as shown by that years statement 654920 67 22516 67 3 Net collected 654920 67 22516 67 4 Gross premiums on risks written and renewed dur ing the year 4567926 01 234354 63 5 Total5222846 68 25687 30 6 Deduct premiums and bills in course of collection at this date 626843 38 23132 24 7 Entire premiums collected during the year4596003 30 233739 06 8 Deduct reinsurance and re turn premiums1449829 14 40722 50 9 Net cash actually received for premiums carried out 3146174 16 193016 56 3339190 72 10 Received for interest on bonds and mortgages 4649 29 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 135467 98 12 Income received from all other sources omitting in crease if any in value of siecurities viz Rents 63 65381 profit on sale or maturity of ledger assets 2 589 33 total 66243 14 15 Aggregate amount of income actually received during the year in cash 3545551 13 VEXPENDITURES DURING THE YEAR Marine Fire Risks and Inland Risks 1 Gross amount actually paid for losses including 362 52355 losses occurring in previous years1864163 26 319204 11 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2702453 and all amounts actually received for rein surance in other companies 203 52520 total de ductions 183828 55 46721 1852 COMPTROLLERGENERALS REPORT 3 Net amount paid during the year for losses1680334 71 272482 93 4 Deposit premiums returned 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 re pairs and expenses on real estate national and local boards printing and stationery postage telegrams exchange express advertising and subscriptions and sundries 10 Amount sent to home offices during the year 636847 73 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 1952817 64 2038 43 677718 14 165212 10 105945 06 192795 50 Fire risks written Premiums received gross Losses paid Losses incurred 3096526 87 6404094 00 101338 72 56613 72 47788 90 CONNECTICUT FIRE INSURANCE COMPANY HARTFORD J D Browne President Charles R Burt Secretary Home Office 51 Prospect Street Hartford Connecticut 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 Decem ber 31 1904 5061608 91 Extended at 5061608 91 IIINCOMB As shown by the books at the home office at close of business December 31 1905 Fire Risks 1 Gross premiums 3872857 94 2 Deduct reinsurance rebate abatement and return premiums 753048 22 3 Total premiums other than perpetuals 3119809 72COMPTROLLERGENERALS REPORT 53 5 Interest on mortgage loans 53940 9J 7 Interest on bonds and dividends on stocks 143410 87 Interest from all other sources 3996 17 8 9 Gross rents from companys property 4790 46 Total interest and rents J JJ Profit on sale of maturity of ledger assets 10 11 3337547 44 13 Total income IIIDISBURSEMENTS As shown by the books at the home office at the close of business December 31 1905 Fire Risks 1 Gross amount paid for losses including 23433291 occurring in previous years 1681192 28 2 Deduct amount received for salvage 7 637 41 and for reinsurance in other companies f 14329729 150934 70 3 Net amount paid for losses SSI 00 5 Paid stockholders for interest or dividends JU 8 Commissions or brokerage 9 Salaries fees and all other charges of officers clerks agents and other employees nl25 48 10 RentsVll qsmu sn 11 Repairs and expenses other than taxes on real estate A8U4 50 12 Taxes on real estateT IV ikitk s 13 All other taxes licenses and insurance department fees 110746 f 15 All other disbursements Advertising printing and sta tionery 5537449 legal expenses 560251 furniture and fixtures 446390 miscellaneous expenses 128 31408 2839687 78 16 Total disbursements 193754 98 IVLEDGEK ASSETS 182850 00 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens lwwt w 4 Book value of bonds excluding interest 34947o029 stocks 41534744 3910097 5 Cash in Companys office 49760 deposited in banks viz National Exchange Bank Hartford 1710156 Mercantile Trust Company Boston 3328999 Conti nental National Bank Chicago 5304767 Anglo California Bank San Francisco 2110273 279009 66 6 Agents balances representing business written subse quent to October 1 1905 7 Agents balances representing business written prior to October 1 1905 2e450 03 9 Bills receivable taken for fire risks 5559468 57 11 Total ledger assets54 COMPTROLLERGENERALS REPORT NONLEDGER ASSETS 19 Market value of bonds and stocks over book value 131517 27 20 Other nonledger assets viz Gross pre miums in course of collection Decem ber 31 not more than three months due 245000 00 Deduct cost of collection commission brokerage and other expenses 105000 00 Net amount of uncollected premiums not more than three months due 140 000 00 21 Gross assets 5830985 84 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1905 6089 93 5 Bills receivable past due taken for fire risks 11276 55 8 Total 17366 48 9 Total admitted assets 5 13 gig 30 VLIABLITIES 1 Gross losses adjusted and unpaid 61882 77 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 174172 79 3 Gross claims for losses resisted 28971 18 4 Total 265026 74 5 Deduct reinsurance due or accrued 32895 71 6 Total amount of unpaid losses and claims 232 131 03 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 interest premiums on perpetual Are risks 1 86454345 unearned premiums fifty per cent 932271 73 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired firs risks running more than one year from date of policy 355840862 unearned premiums pro rata 1920043 43 12 Total unearned premiums as computed above 2852315 16COMPTROLLERGENERALS REPORT 55 21 Returned premiums 36000 00 reinsurance premiums 3400000 No 20 assets shows net cash due after de ducting these accrued expenses 24 Total amount of all liabilities except capitalI 3084446 19 25 Capital actually paid up in cash 1000000 00 26 Surplus over all liabilities 1729173 17 27 Surplus as regards policyholders 2729173 17 28 Total 5813619 36 Business in the State of Georgia during the year r fi 1142500 00 Bisks written Are 20 108 99 Premiums received T 79b 4d Losses paid 10 182 83 Losses incurred CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK Henry Evans President J E Lopez and E I Ballakd Secretaries Principal Office 46 Cedar Street New York N Y J L Riley Co Atlanta Attorneys for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1 2 Amount paid up in cash 1000000 00 IIASSETS 16350 00 434 85 1 Market value of real estate owned by the company less the amount of incumbrances thereon iiou 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest accrued on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 13800 W 5 Yalue of buildings mortgaged insured for 2292500 as collateral 5 UU UU 6 Total value of said mortgaged premises js 39500 00 carried inside 9 Total par and market value of stocks and bonds owned absolutely by the companycarried out at market 0Q value i a11 ka 12 Cash in companys principal office mmmmmmmammm 56 COMPTROLLERGENERALS REPORT 13 Oash belonging to the company deposited in bank First National Bank New York 50590889 Central Trust Com pany New York 24781005 Brook lyn Trust Company Brooklyn N Y 8259751 Franklin Trust Company Brooklyn N Y 8251962 First Na tional Bank Brooklyn E D N Y 1729372 U S Mortgage Trust Co New York 2579128 Mechanics National Bank New York 9811909 CrockerWoolworth National Bank Ban Francisco Cal 250000 First National Bank Chicago 111 4189180 total 1104431 96 Total cash items 1118043 52 15 Interest due and accrued on stocks not included in mar ket value uncollected 93075 00 17 Cash in hands of agents and in course of transmission 897055 11 18 Bills receivable not matured taken for lire marine and inland risks 9 ggg gg All other assets both real and personal viz Rents due and accrued 208 69 Total assets of the company actual cash market value 16384501 83 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 294192 62 3 Losses resisted including interest costs and other expenses thereon 51079 00 4 Total gross amount of claims for losses 345271 62 5 Deduct reinsurance thereon 17062 45 6 Net amount of unpaid losses 328 209 17 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 355236495 un earned premiums fifty per cent 1776182 47 8 Gross premiums without any deduction received and receivable upon ail unex pired Are risks running more than one year from date of policy 824601404 unearned premiums pro rata 4381555 76 11 Total unearned premiums as computed above carried out 6157738 23COMPTROLLERGENERALS REPORT 57 474329 30 19 All other demands against the company absolute and contingent due and to become admitted and con tested viz Reinsurance 1975258 commissions brokerage due and to become due to agents and brokers 15457672 reserve for contingencies 300 00000 total 20 Total amount of all liabilities except capital stock scrip and net surplus 6960276 70 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities8424225 13 24 Aggregate amount of all liabilities including capital paid up and net surplus 16384501 83 Amount of unearned premiums repre sented by installment notesbeing the whole amount of such notes 1835115 60 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 866740 13 2 Deduct amount of same not collected 18371 2o 3 Net collected 848368 88 4 Gross premiums on risks written and re newed during the year 7035782 54 5 Total 7884151 42 6 Deduct premiums and bills in course of collection at this date 906924 77 7 Entire premiums collected during the year 6977226 65 5934613 72 1544 82 542917 71 30627 47 8 Deduct reinsurance and return premiums 1042612 93 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 15 Aggregate amount of income actually received during The year in cash 6509703 72 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 37832675 losses occurring in previous years 2892036 84 58 COMPTROLLERGENERALS REPORT Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1289761 and all amounts actually received for reinsur ance in other companies 21569509 total deductions 228592 70 3 Net amount paid during the year for losses 2683444 14 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 360000 00 5 Scrip or certificates of profits redeemed in cash and in terest paid to scripholders 324 80 6 Paid for commissions or brokerage 1294683 50 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 409161 45 8 Paid for State national and local taxes in this and other States 151115 05 9 All other payments and expenditures viz Rents 13 33083 miscellaneous 31762739 total 33095ft 22 Aggregate amount of actual expenditures during the year in cash 5209687 16 Business in the State of Georgia during the year Fire risks written 9009931 00 Premiums received gross 140206 62 Losses paid 40415 6 Losses incurred 39546 60 DIXIE FIRE INSURANCE COMPANY OF GREENSBORO N C James B Blades President James F Cobb Secretary Principal Office 125 South Elm Street Otis A Murphy Atlanta Attorney for Service in Georgia 1capital 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 ilassets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 121165 00COMPTROLLERGENERALS REPORT 59 13 Cash belonging to the company deposited in bank City National Bank Greensboro N C 25205500 Battery Park Bank Asheville N C 9004660 First National Bank Wilson N C 10869170 Charlotte Trust Co Charlotte N C 8090420 First National Bank Eliza beth City N C 8558750 Citizens Bank Elizabeth City N C 705000 Bank of Lexington Lexington N C 300000 Citizens Bank Windsor N C 1 50000 total cash items 628835 00 Total assets of the company actual cash market value 750000 00 IIILIABILITIES 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 250000 00 24 Aggregate amount of all liabilities including capital paid up and net surplus 750000 00 THE EAGLE FIRE INSURANCE COMPANY OF NEW YORK Theo H Pbice President Wm G Whilden Secretary Principal Office 82 Beaver Street J L Riley Atlanta Attorney for Service in Georgia 1capital 1 Whole amount of capital stock 300000 00 2 Amount paid up in cash 300000 00 nASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 869060 00 12 Cash in companys principal office 7399 62 13 Cash belonging to the company deposited in bank Oriental 6405996 New York Trust 395375 total 68013 71 Total cash items 75413 33 15 Interest due and accrued on stocks not included in mar ket value uncollected All other assets both real and personal as per schedule viz Due from other companies for reinsurance on losses already paid Eastern N J 439 Calumet 111 184 Rossia St Petersburg 500 n 2360 COMPTROLLERGENERALS REPORT Gross premiums in course of collection not more than three months due Gross premiums in course of collection over three months due 57 97 114687 61 Total assets of the company actual cash market value 1060151 60 IIILIABILITIES 1 Losses due and unpaid 23590 74 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 24413 33 3 Losses resisted including interest costs and other expenses thereon 957 98 4 Total gross amount of claims for losses 48962 05 5 Deduct reinsurance thereon 7210 20 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 36401799 unearned premiums fifty per cent 182009 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 13360429 unearned premiums pro rata 109990 97 41751 85 11 Total unearned premiums as computed above 291999 97 15 Dividends declared and remaining unpaid or uncalled for 2826 24 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 4000 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reserve for taxes and contingencies 25 00000 commissions 28671 90 53671 90 Total 394249 96 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 365901 64 24 Aggregate amount of all liabilities including capital paid up and net surplus 1060151 60 IVINCOME DURING THE YEAH 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 669096 27 COMPTROLLERGENERALS REPORT 61 6 Deduct premiums and bills in course of collection at this date 114745 58 7 Entire premiums collected during the year 8 Deduct reinsurance and return premi 554350 69 159705 04 9 Net cash actually received for premiums 394645 65 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 21213 69 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1508 34 from sale of real estate 16520000 and securities 15584 85 173499 96 679162 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAE 1 Gross amount actually paid for losses 68943 73 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 300986 and all amounts actually received for reinsur ance in other companies 1257499 total deductions 3 Net amount paid during the year for losses 53358 i Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 0 JU 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other Stat6S 9 All otherpayments and expenditures viz Real estate expenses 122208 rents 251336 sundry 4795753 loss on sale of securities 202437 total 9174 94 53717 34 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 740696 00 Fire risks written 9661 28 Premiums received gross 13 20 Losses paid 1501 50 Losses incurred 62 COMPTROLLERGENERALS REPORT FIDELITY FIRE INSURANCE COMPANY OF NEW YORK Henbt Evans President J E Lopez E L Ballabd Secretaries Principal Office 46 Cedar Street CAPITAL AND SURPLUS Capital stock 1000000 00 Surplus 1000000 00 Special reserve for unearned premium fund 500000 00 Total paid up in cash 2500000 00 ASSETS Ledger assets 2500000 00 Total admitted assets 2500000 00 LIABILITIES Special reserve for unearned premium fund 500000 00 Capital actually paid up in cash 1000000 00 Surplus over all liabilities 1000000 00 Surplus as regards policy holders 2000000 00 Total liabilities 2500000 00 Total amount of the companys stock owned by the directors at par value 207800 00 FIRE ASSOCIATION OF PHILADELPHIA PENNSYLVANIA E C Irvin President m G Garbigues Secretary Principal Office 407 and 409 Walnut Street W E Chapin Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 500 000 00 2 Amount paid up in cash 500000 00 ilassets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 419 iqo 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1452 128 99 3 Interest due on all said bond and mortgage loans 6872 91 interest accrued thereon 1826998 total 25142 89COMPTROLLERGENERALS REPORT 63 4 Value of lands mortgaged exclusive of building and perishable improvements 1503842 00 5 Value of buildings mortgaged insured for 1449365 as collateral 2242399 00 6 Total value of said mortgaged premises carried inside 3746241 00 9 Total par and market value of stocks and bonds owned by the company carried out at market value 4122178 87 11 Total par and market value and amount loaned thereon 159800 00 12 Cash in companys principal office 36416 87 13 Cash belonging to the company deposited in bank 222609 37 Total cash items 259026 24 15 Interest due and accrued on stocks not included in mar ket value uncollected 38179 06 16 Interest due and accrued on collateral loans and uncol lected 408 43 17 Cash in hands of agents and in course of transmission 534833 93 All other assets both real and personalviz Rents due and accrued 200082 due from other companies for reinsurance on losses already paid 286253 4863 35 Total assets of the company actual cash market value 7015661 76 IIILIABILITIES 1 Losses adjusted and unpaid 96536 92 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 176530 75 3 Losses resisted including interest costs and other expenses thereon 39774 66 4 Total gross amount of claims for losses 312842 33 5 Deduct reinsurance thereon 34156 94 6 Net amount of unpaid losses 278685 39 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 273073422 un earned premiums fifty per cent 1365367 11 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 297066077 unearned premiums pro rata 1560741 18 11 Total unearned premiums as computed above carried 2926108 29 out 64 COMPTROLLERGENERALS REPORT 12 Net premiums reserve on perpetual deposits 1758265 14 20 Total amount of all liabilities except capital stock scrip and net surplus 4963058 82 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 1552602 94 24 Aggregate amount of all liabilities including capital paid up and net surplus 7015661 76 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 523666 12 3 Net collected 523666 12 4 Gross premiums on risks written and re newed during the year 5055883 33 5 Total 5579549 45 6 Deduct premiums and bills in course of collection at this date 534833 93 7 Entire premiums collected during the year 5044715 52 8 Deduct reinsurance and return premi ums 1293477 32 9 Net cash actually received for premiums carried out 3751238 20 10 Received for interest on bonds and mortgages 59091 17 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 186899 42 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 29 53140 profit and loss 156847 earned deposits 4 33902 miscellaneous 409421 total 39533 10 14 Perpetual premiums 46758 55 15 Aggregate amount of income actually received during the year in cash 4083520 44 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 26611115 losses occurring in previous years 2220315 69 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1493122 and all amounts actually received for reinsur ance in other companies 29080407 total deductions 305735 29COMPTROLLERGENERALS REPORT 65 3 Net amount paid during the year for losses 1914580 40 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 200000 00 6 Paid for commissions or brokerage 955817 31 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 241683 77 8 Paid for State national and local taxes in this and other States 96210 06 9 All other payments and expenditures viz Repairs to real estate 1035980 printing and stationery 18392 miscellaneous 12981231 profit and loss 330411 total 161868 22 10 Return deposit premiums 73023 70 Aggregate amount of actual expenditures during the year in cash 3643183 46 Business in the State of Georgia during the year Fire risks written 5431001 00 Premiums received gross 77910 67 Losses paid 38400 83 Losses incurred 34607 60 FIREMENS INSURANCE COMPANY OF NEWARK NEW JERSEY Daniel H Dunham President A H Hassingeb Secretary Principal Office 784 and 786 Broad Street James L Riley Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 UASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 111217 62 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1577305 00 3 Interest due on all said bond and mortgage loans 1705 interest accrued thereon 1997444 total 21679 44 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1883935 00 12 Cash in companys principal office 726 54 13 Cash belonging to the company deposited in bank National Newark Banking Co 60908 91 Total cash items 61635 45 S in 66 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in mar ket value uncollected 11568 75 17 Cash in hands of agents and in course of transmission 123379 87 All other assets both real and personal viz Rents due and accrued 3333 due from other companies for re insurance on losses already paid Camden Fire Ins Assn 10810 St Paul F M 89385 Concordia 42051 Munich 235647 German of P 8204 3894 30 Total assets of the company actual cash market value 3794615 43 IIILIABILITIES 1 Losses due and unpaid 29891 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 42440 95 3 Losses resisted including interest costs and other expenses thereon 12243 23 4 Total gross amount of claims for losses 84575 18 5 Deduct reinsurance thereon 8876 53 6 Net amount of unpaid losses 75698 65 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 674077 un earned premiums fifty per cent 337038 50 8 Gross premiums without any deduction received or receivable upon all unex pired fire risks running more than one year from date of policy 104753691 unearned premiums pro rata 587120 35 11 Total unearned premiums as computed above carried out 924158 85 20 Total amount of all liabilities except capital stock scrip and net surplus 999857 50 21 Joint stock capital actually paid up in cash 1000000 00 22 Scrip outstanding 2381 22 23 Surplus beyond capital and all other liabilities 1792376 71 24 Aggregate amount of all liabilities including capital paid 11 and net surplus 3794615 43 IVINCOME DUBING THE TEAE 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 184096 73 3 Net collected 184096 73COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 1273180 39 5 Total 1457277 12 6 Deduct premiums and bills in course of collection at this date 205577 42 67 7 Entire premiums collected during the year 1251699 70 8 Deduct reinsurance and return premiums 256275 22 9 Net cash actually received for premiums carried out 995424 48 10 Received for interest on bonds and mortgages 78476 25 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 81643 75 12 Income received from all other sources omitting increase if any in value of securities viz Rents 11236 72 15 Aggregate amount of income actually received during the year in cash 1166781 20 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 9213233 losses occurring in previous years 490797 65 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 32305 and all amounts actually received for reinsur ance in other companies 4192712 to tal deductions 42250 17 3 Net amount paid during the year for losses 448547 48 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 246272 79 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 43275 53 8 Paid for State national and local taxes in this and other States 37320 09 9 All other payments and expenditures viz Agency ex penses and adjustment expenses 5544900 real estate expenses and repairs 110591 loss on sale of real estate 142427 total 2530 18 10 Amount sent to home office during the year 57979 18 Aggregate amount of actual expenditures during the year in cash 953395 0768 COMPTROLLERGENERALS REPORT FIREMANS FUND INSURANCE COMPANY OF SAN FRANCISCO CAL Wm J Dutton President Louis Weinmann Secretary Principal Office San Francisco California Edgar S Wilson Macon 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 amout of incumbrances thereon 478150 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 187850 00 3 Interest due on all said bond and mortgage loans 170 70 interest accrued thereon 55960 total 730 30 4 Value of lands mortgaged exclusive of buildings and perishable improvements 446000 00 5 Value of buildings mortgaged insured for 6235000 as collateral 176500 00 6 Total value of said mortgaged premises carried inside 602500 00 7 Amount of other loans 507250 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4766714 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 507250 00 12 Cash in companys principal offices San Francisco 423445 Boston 884178 Macon Ga 71695 13793 18 13 Cash belonging to the company deposited in banks CrockerWoolworth National Bank S F Cal 2198795 San Fran cisco National Bank S F Cal 21625 23 Bank of California S F Cal 28 74102 AngloCalifornian Bank Lim ited S F Cal 2411494 Union Trust Co S F Cal 2123769 Sav ings and Loan Society S F Cal 13 02309 San Francisco Savings Union S F Cal 1966942 Corn Exchange National Chicago 4206081 Shawmut National Bank Boston 6471617 Na tional Park Bank New York 7012930 I C Plants Son Banker Macon Ga 732944 Exchange Bank Macon Ga 1055618 First National Bank Albu querque N M 1000000 Bishop Co Bankers Honolulu H I 723500 total 362426 24 Total cash items 376219 42COMPTROLLERGENERALS REPORT 69 16 Interest due and accrued on collateral loans and uncol lected 925 57 17 Cash in hands of agents and in course of transmission 795716 13 18 Bills receivable not matured taken for fire marine and 42832 35 inland risks All other assets both real and personal viz Advances on marine disasters 131996 in hands of London cor respondents for convenient settlement of marine losses payable in England 7484446 76164 42 Total assets of the company actual cash market value 7232552 19 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 542192 95 3 Losses resisted including interest costs and other expenses thereon 9500 00 4 Total gross amount of claims for losses 551692 95 5 Deduct reinsurance thereon 219291 27 6 Net amount of unpaid losses 332401 68 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 227829204 un earned premiums fifty per cent 1139146 02 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 280959743 unearned premiums pro rata 1483295 68 10 Gross premiums without any deduction received and receivable on all unexpired marine risks 359288 41 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due or to become due to agents and brokers 15027590 special reserve for contingencies 5000000 9 Total amount of all liabilities except capital stock and 2981730 11 200275 90 20 Total amount or an nauiuuea bcv gg net surplus Innnnnn no 21 Joint stock capital actually paid up in cash 1 000000 uu 23 Surplus beyond capital and all other liabilities 2b90us 24 Aggregate amount of all liabilities including capital paid up and net surplus 70 COMPTROLLERGENERALS REPORT 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 3 Net collected 4 Gross premiums on risks written and renewed INCOME DURING THE TEAR Fire Marine Inland 634672 02 171553 31 634672 02 171553 31 during the year 4601115 43 1590261 5S Total Deduct premiums and bills in course of collection at this date 5235787 45 1761814 89 666535 28 172013 20 1589801 69 871554 00 3889156 89 13260 75 222312 86 22731 27 7 Entire premiums collected during the year 4669252 17 8 Deduct reinsurance and return premiums 1398342 97 9 Net cash actually received for premiums carried out 3170909 20 718247 69 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 21 72002 profit on sale or maturity of ledger assets 1 01125 total 15 Aggregate amount of income actually received during the year in cash 4147461 77 VEXPENDITURES DURING THE YEAR 1 o Fire Marine Inland 1 Gross amount actually paid for losses includ ing 36209079 losses occurring in previous years 1933539 52 2 Deduct all amounts actu ally received for sal vages whether on losses of the last or of previ ous year 5678550 and all amounts actually re ceived for reinsurance in other companies 791 14460 total deductions 3 Net amount paid during the year for losses 1622158 47 491706 75 2113865 22 1028255 80 311381 05 536549 05 COMPTROLLERGENERALS REPORT 71 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year cue 20 6 Paid for commissions or brokerage 588948 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 319964 94 8 Paid for State national and local taxes in this and other 92ZZ1 oo StcLtOS 9 All other payments and expenditures viz Rents 8 400 00 advertising printing and stationery 48462 23 profit and loss 236459 legal expenses 3313 08 miscellaneous 21823945 total 280779 Si Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 6605652 00 Fire risks written 126 259 65 Premiums received gross 60038 34 Losses paid 57069 75 Losses incurred FIREMENS FUND INSURANCE CORPORATION OF CALIFORNIA William J Dutton President Thomas M GabdieK Secretary Principal Office 401 California Street San Francisco Cal Edgar S Wilson MaconAttorney for Service in Georgia ICAPITAL ofMlr 1000000 00 1 Whole amount of capital stock 2 Amount paid up in cash uuuu IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon iuuuu u 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 4 Value of lands mortgaged exclusive of buildings and perishable improvements 406000 00 5 Value of buildings mortgaged insured for 3435000 as collateral 735UU 6 Total value of said mortgaged premises carried inside 20250 00 7 Amount of other loans 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1499880 0072 COMPTROLLERGENERALS REPORT 11 Total amount loaned on stocks and bonds and all other securities except mortgages 13 Cash belonging to the company deposited in bank Crock erWoolworth National Bank San Francisco Cal 204250 00 250000 00 Total assets of the company actual cash market value 2731730 00 IIILIABILITIES 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less and more than one year from date of policy unearned premiums pro rata 2273930 93 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired in land navigation and marine risks 207 799 07 11 Total unearned premiums as computed above carried out 21 Joint stock capital actually paid up in cash 2481730 00 250000 00 24 Aggregate amount of all liabilities including capital paid up and net surplus 2731730 00 IVINCOME DUBING THE YEAK 9 Net cash actually received Fire Marine Inland for premiums carried out 2273930 93 207799 07 13 Capital 15 Aggregate amount of income actually received during the year in cash 2481730 00 250000 00 2731730 00 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Rhodes Bhowse President Wm c Coart Secretary Principal Office 1046 Broad Street W S Pattillo Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock mm 0Q z Amount paid up in cash 300000 00COMPTROLLERGENERALS REPORT 73 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 132000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 162262 58 4 Value of lands mortgaged exclusive of buildings and perishable improvements 279800 00 5 Value of buildings mortgaged insured for 19541500 as collateral 271400 00 6 Total value of said mortgaged premises carried inside 551200 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 522029 50 11 Total amount loaned on stocks and bonds and all other securities except mortgages 36800 00 12 Cash in companys principal office 1060 46 13 Cash belonging to the company deposited in bank Home Savings Bank Colum bus Ga 4508684 National Bank Co lumbus Ga 38383177 Mercantile Na tional Bank Columbus Ga 902925 total 92499 86 Total cash items 93560 32 17 Cash in hands of agents and in course of transmission 82805 95 All other assets both real and personal viz Equitable Fire Insurance Co Charleston S C 116896 open ledger accounts 397663 5145 59 Total assets of the company actual cash market value 1034603 94 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 36450 59 3 Losses resisted including interest costs and other expenses thereon 4200 00 4 Total gross amount of claims for losses 40650 59 5 Deduct reinsurance thereon 6890 42 6 Net amount of unpaid losses 33760 17 7 Gross premiums without any deductions received and receivable upon all unex pired fire risks running one year or less from date of policy 34881469 un earned premiums fifty per cent 174407 3474 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 35327922 unearned premiums pro rata 195359 84 11 Total unearned premiums as computed above carried out 15 Dividends declared and remaining unpaid or uncalled for 18 Amount of borrowed money 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Old savings bank account 4 per cent i 71 outside reinsurance 36482 total 369767 18 180 00 55000 00 1353 53 20 Total amount of all liabilities except capital stock and net surplus 460060 88 21 Joint stock capital actuallypaid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 274543 06 24 Aggregate amount of all liabilities including capital paid up and net surplus 1034603 94 IVINCOME DUBING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 72770 34 3 Net collected 72770 34 4 Gross premiums on risks written and re newed during the year 684680 58 5 Total 757450 92 6 Deduct premiums and bills in course of collection at this date 82805 95 7 Entire premiums collected during the year 674644 97 8 Deduct reinsurance and return premiums 208589 56 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 15 Aggregate amount of income actually received during the year in cash 466055 41 11184 10 21376 48 6115 76 504731 75 COMPTROLLERGENERALS REPORT 75 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 2831512 losses occurring in previous years 312823 58 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 86898 41 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 Legal ex penses 195795 advertising and stationery 930069 two stores improv account 11080 total 225925 17 18000 00 93269 69 75458 59 19970 01 11369 44 Aggregate amount of actual expenditures during the year in cash 443992 90 Business in the State of Georgia during the year Fire risks writtenI 4675850 00 Premiums received gross 78188 96 35487 10 Losses paid Losses incurred GERMAN ALLIANCE FIRE INSURANCE CO OF NEW YORK N Y William N Kremer President Charles G Smith Secretary Principal Office corner Liberty and Nassau Streets W L Reynolds Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 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 loans76 COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of buildings and perishable improvements 21500 00 5 Value of buildings mortgaged insured for 3400000 as collateral 33500 00 6 Total value of said mortgaged premises carried inside 55000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1267168 00 13 Cash belonging to the company deposited in bank Citi zens Central National Bank 56765 09 Total cash items 56765 09 15 Interest due and accrued on stocks not included in mar ket value uncollected 3530 00 17 Cash in hands of agents and in course of transmission 123593 56 Total assets of the company actual cash market value 1485286 15 IIILIABILITIES 1 Losses due and unpaidnot yet due 30220 89 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 38795 00 6 Net amount of unpaid losses 69015 89 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 36841786 un earned premiums fifty per cent 184208 93 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 30134405 unearned premiums pro rata 166181 20 11 Total unearned premiums as computed above carried out 350390 13 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 36748 59 20 Total amount of all liabilities except capital stock scrip and net surplus 456154 61 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 629131 54 24 Aggregate amount of all liabilities including capital paid up and net surplus 1485286 15COMPTROLLERGENERALS REPORT 77 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 116677 52 3 Net collected 116677 52 4 Gross premiums on risks written and re newed during the year 610848 83 5 Total 727526 35 6 Deduct premiums and bills in course of collection at this date 123593 56 7 Entire premiums collected during the year 603932 79 8 Deduct reinsurance and return premi 117751 41 26168 33 ums 9 Net cash actually received for premiums carried out 486181 38 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 52756 89 12 Income received from all other sources omitting in crease if any in value of securities viz Profit on sale of ledger accounts 15 Aggregate amount of income actually received during the B6 5 ooV 565106 60 year m cash VEXPENDITUBES DURING THE YEAB 1 Gross amount actually paid for losses in cluding 7439506 losses occurring in previous years 270968 50 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year I896 12 3 Net amount paid during the year for losses 269072 38 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 40000 00 6 Paid for commissions or brokerage YiiZ 1 Paid for salaries fees and other charges of officers clerks agents and all other employees 48U 8 Paid for State national and local taxes in this and other States 10741 75 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 1275181 00 Fire risks written 21807 80 Premiums received gross 9291 93 Losses paid 12861 93 Losses incurred 78 COMPTROLLERGENERALS REPORT GERMAN AMERICAN INSURANCE CO OF NEW YORK CITY N Y William N Kbemee President Charles G Smith Secretary Principal Office 58 Liberty Street New York City 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 211 000 00 3 Interest accrued on all said bond and mortgage loans 2291 25 4 Value of lands mortgaged exclusive of buildings and perishable improvements 117000 00 5 Value of buildings mortgaged insured for 24500000 as collateral 255000 00 6 Total value of said mortgaged premises carried inside 372000 00 9 Total par and market value of stocks and bonds owned by the company carried out at market value 12332477 00 12 Cash in companys principal office 9620 44 13 Cash belonging to the company deposited in bank National Bank of Commerce of New York 10861640 German Amer ican Bank of New York 1742362 National City Bank of New York 9 20561 Dominion Bank Toronto Can ada 1452425 New York Trust Co of New York 16140847 Title Guarantee and Trust Co of New York 9942151 Bank of Metropolis of New York 764 01 Peoples Trust Co of Brooklyn 5151 Corn Exchange National Bank of Chicago 6551690 Scandinavian American Savings Bank of San Fran cisco 1983100 American National Bank of San Francisco 332188 total 500085 16 Total cash items 509 705 60 15 Interest due and accrued on stocks not included in mar ket value uncollected 45 304 59 16 Interest due and accrued on other assets 2893 56 17 Cash in hands of agents and in course of transmission 933848 68 Total assets of the company actual cash market value 14052520 59 COMPTROLLERGENERALS REPORT 79 IIILIABILITIES 1 Losses not yet due 132673 61 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 489248 69 3 Losses resisted including interest costs and other expenses thereon 68935 00 4 Total gross amount of claims for losses 690857 30 5 Deduct reinsurance thereon 164193 42 6 Net amount of unpaid losses 526663 88 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 405282208 un earned premiums fifty per cent 2026411 04 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 588492845 unearned premiums pro rata 3239473 19 5265884 23 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses liMi di 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 680052 reinsurance premiums 26820487 total 275005 39 20 Total amount of all liabilities except capital stock scrip and net surplus Annnnn no 21 Joint stock capital actually paid up in cash 1500000 00 23 Surplus beyond capital and all other liabilities 6442674 24 Aggregate amount of all liabilities including capital paid up and net surplusv IVINCOME DURING THE TEAS 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 1038240 88 1038240 88 3 Net collected 4 Gross premiums on risks written and re newed during the year 9072148 10110389 07 5 Total80 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of collection at this date 1109358 38 7 Entire premiums collected during the year 9001030 69 8 Deduct reinsurance and return premi ums 3396378 23 9 Net cash actually received for premiums carried out 5 604 652 46 10 Received for interest on bonds and mortgages 939 02 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 513 792 10 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1200 profits on sale or maturity of ledger assets during the year over book valuesf 15799814 total 159198 14 15 Aggregate amount of income actually received during the yearlnCaSh 627958172 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 63425475 losses occurring in previous years 3842306 16 2 Deduct all amounts actually received for salvage whether on losses of the last or of previous year 1008410 and all amounts actually received for reinsur ance in other companies 115898338 total deductions j 16g g67 48 3 Net amount paid during the year for losses 2 673 238 68 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 450 000 00 6 Paid for commissions or brokerage t 0x5045 go 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 236 199 70 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures vizRents 35488 28 repairs and expenses on real estate 147 89 mis cellaneous 26114994 advertising printing and sta tionery 6430385 inspection and traveling expenses 18027619 total Aggregate amount of actual expenditures during the year in cash 5082258 35COMPTROLLERGENERALS REPORT 1 Business in the State of Georgia during the year Fire risks written 6134101 00 Premiums received gross 97600 49 Losses paid 57j886 01 Losses incurred 64 722 42 GERMAN FIRE INSURANCE COMPANY OF FREEPORT ILLINOIS C O Collman President F M Gund Secretary Principal Office 9 11 and 13 North Galena Ave ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 nASSETS 1 Market value of real estate owned by the company less amount of incumbrances thereon 75500 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3584058 21 3 Interest due on all said bond and mortgage loans 5622 75 interest accrued thereon 8926368 total 94886 43 4 Value of lands mortgaged exclusive of buildings and perishable improvements 7916425 00 5 Value of buildings mortgaged insured for 101431500 as collateral 2726225 00 f Total value of said mortgaged premises carried inside 10642650 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1616302 91 11 Total amount loaned on stocks bonds and all other se curities except mortgages 7200 00 12 Cash in companys principal office 55036 79 13 Cash belonging to the company deposited in bank German Bank of Freeport 111 21997743 State Bank of Freeport 111 6147017 First National Bank of Freeport 111 5352938 Second Na tional Bank of Freeport 111 1300000 Trust Company of America of New York 1706036 total 365037 34 Total cash items 420074 13 t in82 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in mar ket value uncollected 13262 47 16 Interest due and accrued on collateral loans and uncol lected 137 10 17 Cash in hands of agents and in course of transmission 669297 80 Total assets of the company actual cash market value 6480719 05 DEDUCT ASSETS NOT ADMITTED Agents balances representing business writ ten prior to October 1 1905 7813 80 Stock of German National Ins Co carrying on same kind of insurance business 195400 00 Total unadmitted assets 203213 80 Total admitted assets 6277505 25 IIILIABILITIES 1 Losses due and unpaid 67706 85 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 108545 34 3 Losses resisted including interest costs and other expenses thereon 40919 29 4 Total gross amount of claims for losses 217171 48 5 Deduct reinsurance thereon 7901 35 6 Net amount of unpaid losses 209270 13 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 199984047 un earned premiums fifty per cent 999920 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 500771323 unearned premiums pro rata 2787482 46 11 Total unearned premiums as computed above carried out 3787402 70 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due and to become due to agents and brokers on pre miums paid and in course of collection 128767 18COMPTROLLERGENERALS REPORT 83 20 Total amount of all liabilities except capital stock scrip and net surplus 4125 440 01 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 1952065 24 24 Aggregate amount of all liabilities including capital paid up and net surplus 6277505 25 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 620161 80 2 Deduct amount of same not collected 3310 78 3 Net collected 616851 02 4 Gross premiums on risks written and re newed during the year 4521278 43 5 Total 5138129 45 6 Deduct premiums and bills in course of collection at this date 669297 80 7 Entire premiums collected during the year 4468831 65 8 Deduct reinsurance and return premi ums 904243 34 9 Net cash actually received for premiums carried out 3564588 31 10 Received for interest on bonds and mortgages 154837 52 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 75176 69 12 Income received from all other sources omitting in crease if any in value of securities viz Renas 1550 01 worthless notes 66148 profit on sale and maturi ty of ledger assets 2973436 total 31945 85 15 Aggregate amount of income actually received during the year in cash 3826548 37 VEXPENDITURES DURING THE TEAR 1 Gross amount actually paid for losses in cluding 17854436 losses occurring in previous years 1853090 11 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 441575 and all amounts actually received for reinsur ance in other companies 6385355 total deductions 68269 3084 COMPTROLLERGENERALS REPORT 3 Net amount paid during the year for losses 1784820 81 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 40000 00 6 Paid for commissions or brokerage 947357 43 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 160033 99 8 Paid for State national and local taxes in this and other States 89168 17 9 All other payments and expenditures viz Premiums paid on bonds 7690 printing and stationery 35 51883 freight 656924 furniture fixtures and maps 632458 postage 1499482 miscellaneous 107239 11 total 178336 58 Aggregate amount of actual expenditures during the year in cash 3199716 98 Business in the State of Georgia during the year Fire risks written 2033281 00 Premiums received gross 29482 19 Losses paid 22029 22 Losses incurred 20404 43 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y Hugo Schumann President Chas Ruykhaveb and Gustav Kehr Secretaries Principal Office 62 William Street S C Williams Atlanta Attorney for Service in Georgia 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 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest accrued on all bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 187000 00 5 Value of buildings mortgaged insured for 26900000 as collateral 310500 00 6 Total value of said mortgaged premises carried inside 497500 00 671982 75 290500 00 6917 50COMPTROLLERGENERALS REPORT 85 9 Total par and market value of stocks and bonds owned by the company carried out at market value 5031580 75 12 Cash in companys prinicpal office 11037 68 13 Cash belonging to the company deposited in bank National Park Bank New York 4643216 GermanAmerican Bank New York 19909416 Colonial Trust Company of New York 2500000 Trust Company of America New York 2500000 Central Trust Company of New York 5000000 First National Bank of Illinois Chicago 6962692 total 415153 24 Total cash items 426190 92 17 Cash in hands of agents and in course of transmission 387143 22 All other assets both real and personal viz Rents due and accrued 96666 due from other companies for re insurance on losses already paid cash in hands of de partment managers 2385061 total 24817 27 Total assets of the company actual cash market value 6839132 41 Less premiums over three months due 3346 63 6835785 78 IIILIABILITIES 1 Losses due and unpaid 87250 87 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 86725 66 3 Losses resisted including interest costs and other expenses thereon 11885 00 4 Total gross amount of claims for losses 185861 53 5 Deduct reinsurance thereon 30297 29 6 Net amount of unpaid losses 155564 24 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 150160964 un earned premiums fifty per cent 750804 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 373413599 unearned premiums pro rata 2033535 66 11 Total unearned premiums as computed above carried 2784340 48 out86 19 20 21 23 24 COMPTROLLERGENERALS REPORT All other demands against the company absolute and con tingent due and to become due admitted and contest ed viz Unpaid commissions Total amount of all liabilities except capital stock scrip and net surplus 6220 14 2946124 86 Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities 1000000 00 2889660 92 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAE Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 360589 73 6835785 78 Net collected 360589 73 Gross premiums on risks written and re newed during the year 3399943 52 Total 3760533 25 Deduct premiums and bills in course of collection at this date 387143 22 Entire premiums collected during the year 3373390 03 Deduct reinsurance and return premi ums 804862 46 9 10 11 15 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interest and dividends on stocks and bonds collateral loans and from all other sources 2568527 57 15172 58 205858 72 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 18994857 losses occurring in previous years 1391915 04 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 747441 and all amounts actually received for reinsur ance in other companies 19378948 total deductions 201263 89 2789558 87COMPTROLLERGENERALS REPORT 87 3 Net amount paid during the year for losses 1190651 15 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 200000 00 6 Paid for commissions or brokerage 551507 42 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 182388 42 8 Paid for State national and local taxes in this and other States 74168 99 9 All other payments and expenditures viz Advertising agency and office expenses board exp fire patrol print ing and stationery surveys legal and traveling ex penses and rents and profit and loss items 133917 49 Aggregate amount of actual expenditures during the year in cash 2332633 i Business in the State of Georgia during the year Fire risks written 3697258 00 Premiums received gross 55888 39 Losses paid 12783 72 Losses incurred 10680 68 GLENS PALLS FIRE INSURANCE CO OF GLENS FALLS NEW YORK J L Cunningham President R A Little Secretary Principal Office Glens Falls N Y 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 50155 23 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 807803 37 3 Interest due on all said bond and mortgage loans 4214 25 interest accrued thereon 76750 total 4981 75 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2764620 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 3700 00 12 Cash in companys principal offices Glens Falls and Chicago L556 22 13 Cash belonging to the company deposited in bank First National Bank Glens Falls 26438713 National Bank Glens Falls 18559579 First National Bank Chicago 2586063 other banks and trust companies 24662226 total 722465 81 77 724022 03 Total cash itemsCOMPTROLLERGENERALS REPORT 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 Are marine and inland risks All other assets both real and personal as per schedule attached viz Rents due 8994 73 169999 42 504 85 300 00 Less contingent depreciation on mortgage loans 4535081 38 20000 00 Total assets of the company actual cash market value 4515081 38 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 73459 46 3 Losses resisted including interest costs and other expenses thereon 8125 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 81584 46 23870 47 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 73255661 un earned premiums fifty per cent 366278 31 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 208827652 unearned premiums pro rata 1112725 40 57713 99 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 con tingent due and to become due admitted and contested viz Reserved for dividend 1479003 71 35000 00 120000 00 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 1691717 70 200000 00 2623363 68 24 Aggregate amount of all liabilities including capital paid up and net surplusj 4515081 38COMPTROLLERGENERALS REPORT 89 IVINCOME DURING THE YEAB 4 Gross premiums on risks written and re newed during the year 1907154 18 8 Deduct reinsurance and return premiums 473375 06 9 Net cash actually received for premiums carried out 1433779 12 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 191217 49 12 Income received from all other sources omitting increase if any in value of securities viz Rents 2334 08 15 Aggregate amount of income actually received during the year in cash 1627330 69 VEXPENDITURES DURING THE YEAR Fire Gross amount actually paid for losses in cluding 6848900 losses occurring in previous years 745967 46 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 39245 and all amounts actually received for reinsur ance in other companies 12073558 to tal deductions 121128 03 3 Net amount paid during the year for losses 624839 43 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 70000 00 6 Paid for commissions or brokerage 321963 60 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 105209 69 8 Paid for State national and local taxes in this and other States 6650339 9 All other payments and expenditures viz Stationery traveling advertising etc 98006 22 Aggregate amount of actual expenditures during the year in cash 1286522 33 Business in the State of Georgia during the year Fire risks written MW 00 Premiums received gross 00 Q i 11Zoo oo Losses paid 12 172 32 Losses incurred 90 COMPTROLLERGENERALS REPORT GLOBE RUTGERS FIRE INSURANCE COMPANY OP NEW YORK E C Jameson President Ltman Candee Secretary Principal Office 76 and 78 William Street J 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 72945 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 45700 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2947215 58 12 Cash in companys principal office 1698 83 13 Cash belonging to the company deposited in bank Guardian Trust 8601781 Union Exchange 7256656 Chatham National 2640448 Chemical Nation al 10534875 total 290337 60 Total cash items 292 036 43 15 Interest due and accrued on stocks not included in mar ket value uncollectedbond and mortgage 90831 stocks and bonds 2109049 21 998 80 17 Cash in hands of agents and in course of transmission 957651 26 All other assets both real and personal as per schedule attached viz Due account reinsurance loss account Rossia 10557 58 Total assets of the company actual cash market value 4348104 65 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 1240000 64 3 Losses resisted including interest costs and other expenses thereon 16000 00 4 Total gross amount of claims for losses 1256000 64 5 Deduct reinsurance thereon 236043 00 6 Net amount of unpaid losses 1019 957 64COMPTROLLERGENERALS REPORT 91 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 293536816 un earned premiums fifty per cent 1467684 08 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 46617752 unearned premiums pro rata 311881 46 11 Total unearned premiums as computed above carried out 1779565 54 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses Commis sions brokerage etc 126647 69 18 Amount of borrowed money 15000 00 20 Total amount of all liabilities except capital stock and net surplus 2941170 87 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 1006933 78 24 Aggregate amount of all liabilities including capital paid up and net surplus 4348104 65 IVINCOME DTJBING THE YEAR Fire 1 Gross premiums and bills in course of col lection at close of last previous year 787562 73 3 Net collected 787562 73 4 Gross premiums on risks written and re newed during the year 3509903 37 5 Total 4297466 10 6 Deduct premiums and bills in course of collection at this date 957651 26 7 Entire premiums collected during the year 3339814 84 8 Deduct reinsurance and return premiums 770765 19 9 Net cash actually received for premiums carried out 2569049 65 10 Received for interest on bonds and mortgages 2807 72 ll Received for interests and dividends on stocks and bonds collateral loans and from all other sources 93910 02 12 Income received from all other sources omitting increase if any in value of securities viz Rents 529500 profit on sale or maturity of ledger assets 523125 10526 25 15 Aggregate amount of income actually received during the year in cash 2676293 6492 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding losses occurring in previ ous years 1379377 63 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1717908 and all amounts actually received for reinsur ance in other companies 13586476 total deductions 153043 84 2 3 Net amount paid during the year for losses 1226333 79 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Legal ex pense 511183 miscellaneous expenses 4989368 paid account borrowed money 6300000 total 64000 00 476487 98 69393 45 20086 43 118005 51 Aggregate amount of actual expenditures during the year in cash 1974307 16 HAMBURGBREMEN FIRE INSURANCE COMPANY OP HAMBURG GERMANY P A Poppenhusen President pro tern S V Dorrien Managing Director Principal Office in the United States 19 Liberty Street New York W F Pattillo Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1750000 00 2 Amount paid up in cash 525000 00 3 Amount in notes of the stockholders 1225000 00 HASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1773323 33 13 Cash belonging to the company deposited in bank Bank of America New York City 107869 12 17 Cash in hands of agents and in course of transmission 169328 49 Total assets of the company actual cash market value 2050520 94COMPTROLLERGENERALS REPORT 93 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 11460 00 90675 00 18775 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 120910 00 11110 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 133035992 un earned premiums fifty per cent 8 Gross premiums without any deductions received and receivable upon all unex pired fire risks running more than one year from date of policy 144405851 unearned premiums pro rata 665179 96 768690 91 11 19 Total unearned premiums as computed above carried out All other demands against the company absolute and con tingent due and to become due admitted and contested viz Due agents 109800 00 1433870 87 2581 97 20 Total amount of all liabilities except net surplus lll in 23 Surplus beyond capital and all other liabilities 504Zb8 XU 24 Aggregate amount of all liabilities including net surplus IVINCOME DURING THE YEAK 7 Entire premiums collected during the year 2191118 78 8 Deduct reinsurance and return premiums 2050520 94 389719 42 1801399 36 66815 2214 48 9 Net cash actually received for premiums carried out ll Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Discounts 14 Amount of remittances from home office during the year 15 Aggregate amount of income actually received during tto year in cash94 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE TEAR 1 Gross amount actually paid for losses in Fre eluding 15527044 losses occurring in previous years 1107817 11 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 438566 and all amounts actually received for reinsur ance in other companies 3466043 to tal deductions 39 046 09 3 Net amount paid during the year for losses 1068771 02 6 Paid for commissions or brokerage 369 149 64 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 159 403 3 8 Paid for State national and local taxes in this and other states 4S331 33 9 All other payments and expenditures viz Rent board and patrol expenses printing advertising stationery postage traveling expenses etc 123878 70 10 Amount sent to home office during the year 147051 93 Aggregate amount of actual expenditures during the year in cash 1769534 52 Business in the State of Georgia during the year Fire risks written 1572060 00 Premiums received gross 27078 82 Losses paid 8069 40 Losses incurred 10284 40 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y Charles A Shaw President Joseph McCobd Secretary Principal Office 34 Pine Street New York F A McCarroll Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 918739 16 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3500 00 3 Interest accrued on all said bond and mortgage loans 14 58COMPTROLLERGENERALS REPORT 95 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 ab solutely by the company carried out at market value 2919397 25 12 Cash in companys principal office 6879 74 13 Cash belonging to the company deposited in bank Bank of America 2987550 GermanAmerican Bank 1633347 Cen tral Trust Company 7665700 Guaran tee Trust Safe Deposit Company Phil adelphia 20000 total 123065 97 Total cash items 129945 71 15 Interest due and accrued on stocks not included in mar ket value uncollected oak ana At 17 Cash in hands of agents and in course of transmission 345908 41 All other assets both real and personal as per schedule attached viz Rents due and accrued 39085 due from other companies for reinsurance on losses already paid Munich Reinsurance Company Munich 15982 32 Globe Rutgers New York 246899 North Riv er New York 88289 Citizens New York 66392 Hartford Connecticut 45600 North German New York 60 36 AtlantaBirmingham Alabama 5294 National Union Pennsylvania 4412 German Illinois 4412 Security Connecticut 537 Fire Association Pennsylvania 250 total Total assets of the company actual cash market value 4350604 15 IIILIABILITIES 1 Losses due and unpaid 126363 28 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 dslti 4 Total gross amount of claims for losses 299019 05 5 Deduct reinsurance thereon 249516 33 6 Net amount of unpaid losses 7 Gross premiums without any deductions received and receivable upon all unex pired fire risks running one year or less from date of lW earned premiums fifty per centj96 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 227797266 unearned premiums pro rata 1177366 22 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions and brokerage 2137005 return premiums 106375 reinsurance 992312 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 IVINCOME DURING THE YEAR 7 Entire premiums collected during the year 3713023 79 8 Deduct reinsurance and return premiums 1067874 58 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1547600 profit and loss from sale of securities 9841700 total 15 Aggregate amount of income actually received during the year in cash EXPENDITURES DURING THE YEAR Fire 1 Gross amount actually paid for losses in cluding 25661471 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3370452 and all amounts actually received for reinsur ance in other companies 28656151 to tal deductions 1759952 24 320266 03 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 2082592 45 32356 92 2364465 70 1000000 00 986138 45 4350604 15 2645149 21 175 00 114936 09 113893 00 2874153 30 1439686 21 80000 00COMPTROLLERGENERALS REPORT 97 6 Paid for commissions or brokerage 535762 06 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 203650 81 8 Paid for State national and local taxes in this and other States 70013 83 9 All other payments and expenditures viz Maps sur veys advertising printing and stationery office ex penses postage telegrams express fire patrols etc 23613630 agentsbalances to profit and loss 6057 236196 87 Aggregate amount of actual expenditures during the year in cash 2565309 78 Business in the State of Georgia during the year Fire risks written 3727249 85 Premiums received 44377 32 Losses paid 24511 12 Losses incurred 28665 90 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN Geo L Chase President P C Rotce Secretary Principal Office 125 Trumbull Street Hartford Conn Thos Egleston Atlanta Attorney for Service in Georgia lCAPITAL 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 1018500 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 658500 00 3 Interest accrued on all said bond and mortgage loans 8317 14 6 Total value of said mortgaged premises carried inside 1637250 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12896443 07 11 Total amount loaned on stocks bonds and all other se curities except mortgages 1000 00 12 Cash in companys principal office 37924 32 7 in98 COMPTROLLERGENERALS REPORT 13 Cash belonging to the company deposited in bank Hartford National Bank 12924306 Connecticut Trust and Safe Deposit Company 43504395 J P Morgan Co New York 822193 Imperial Bank Toronto Ont 3643787 Northern Trust Company Chicago 4647293 American National Bank Hartford 21781 AngloCalifornian Bank San Francisco 1565152 American Exchange National Bank New York 38587 Union Trust Company San Francisco 2154110 Bankers Trust Com pany New York 389188 total 697107 92 735032 24 16 Interest due and accrued on collateral loans and uncol 17 9 72 Cash in hands of agents and in course of transmission 2731794 97 All other assets both real and personal as per schedule attached viz Rents due and accrued 136404 due from other companies for reinsurance on losses already paid 1096569 12329 73 Total assets of the company actual cash ma rket value 18061926 87 IIILIABILITIES 1 Losses due and unpaid 384911 84 2 Gross losses in process of adjustment or in suspense including all reported and 630729 43 3 Losses resisted including interest costs 6 81417 23 1097058 50 7 Gross premiums without any deduction received and receivable upon all unexpired Are risks running one year or less from date of policy 959560689 un earned premiums fifty per cent 4797803 44 8 Gross premiums without any deduction received and receivable upon all unexpired fire risks running more than one year from date of policy 968073584 11 unearned premiums pro rata 5299598 02 Total unearned premiums as computed above carried 10097401 46 COMPTROLLERGENERALS REPORT 99 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commission brokerage etc due or to become due 20753230 return premiums 25923813 466770 43 20 Total amount of all liabilities except capital stock and net surplus 11661230 39 21 Joint stock capital actually paid up in cash 1250000 00 23 Surplus beyond capital and all other liabilities 5150696 48 24 Aggregate amount of all liabilities including capital paid up and net surplus 18061926 87 IVINCOME DURING THE YEAR 7 Entire premiums collected during the year 16024042 25 8 Deduct reinsurance and return premiums 3087928 85 9 Net cash actually received for premiums carried out 12936113 40 10 Received for interest on mortgages 30903 23 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 461891 56 12 Income received from all other sources omitting increase if any in value of securities viz Rents 43040 82 15 Aggregate amount of income actually received during the year in cash 13471949 01 VEXPENDITURES DURING THE YEAR Fire 1 Gross amount actually paid for losses in cluding 89144696 losses occurring in previous years 6607373 77 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsurance in oth er companies 398822 06 3 Net amount paid during the year for losses 6208551 71 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 573203 56 6 Paid for commissions or brokerage 2370320 42 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 781583 41 S Paid for State national and local taxes in this and other States 2968o i All other payments and expenditures 1002368 88 Aggregate amount of actual expenditures during the year in cash11232923 48100 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 18676016 0O Premiums received gross 263303 71 Losses paid 118956 63 Losses incurred 111666 73 THE HOME INSURANCE COMPANY OF NEW YORK Elbridge G Snow President Areunah M Burtis Secretary Principal Office 56 Cedar Street New York 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 1543892 06 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 109500 00 4 Value of lands mortgaged exclusive of buildings and perishable improvementsif 124800 00 5 Value of buildings mortgaged insured for 116800 as collateral 121200 00 6 Total value of said mortgaged premises carried inside 246000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 17411705 00 13 Cash belonging to the Company deposited in bank American Exchange National Bank 52789544 Han over National Bank 21159976 The New York Trust Co 14079185 Colonial Trust Co 10000000 United States Mortgage Trust Co 10000000 Standard Trust Co 10000000 total 11802S7 05 17 Cash in hands of agents and in course of transmission 993337 04 18 Bills receivable not matured taken for fire marine and inland risks 331 73 Total assets of the company actual cash market value 21239052 8S IIILIABILITIES 1 Losses due and unpaid 206979 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 1012956 36COMPTROLLERGENERALS REPORT 101 3 Losses resisted including interest costs and other expenses thereon 84452 97 4 Total gross amount of claims for losses 1304388 33 5 Deduct reinsurance thereon 521341 25 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 577717900 un earned premiums fifty per cent 2888590 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 858786200 unearned premiums pro rata 4515985 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 259367 unearned premiums fifty per cent 129684 00 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 63742 00 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for Agency and other miscellaneous expenses reserve for taxes etc 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commissions and brokerage 69 15280 reinsurance premiums 76835066 total 783047 08 7598001 00 300000 00 837503 46 20 Total amount of all liabilities except capital stock and net surplus 9518551 54 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liabilities 8720501 34 24 Aggregate amount of all liabilities including capital paid up and net surplus 21239052 88 Amount of unearned premiums repre sented by installment notesbeing the whole amount of such notes 1404087 05102 COMPTROLLERGENERALS REPORT IVISCOME DURING THE YEAR Marine and Fire Risks Inland Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 290908 59 164256 45 3 Net collected 290908 59 164256 45 4 Gross premiums on risks written and renewed dur ing the year 12727720 23 516648 94 5 Total 13018628 82 680905 39 6 Deduct premiums and bills in course of collection at thisdate 213628 15 139279 05 7 Entire premiums collected during the year 12805000 67 541626 34 8 Deduct reinsurance and re turn premiums 4311895 99 249202 53 9 Net cash actually received for premiums carried out 8493104 68 292423 81 8785528 49 10 Received for interest on bonds and mortgages 4739 83 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 625041 08 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 19472095 profit and loss account 2897628 223697 23 15 Aggregate amount of income actually received during the year in cash 9639006 63 VEXPENDITURES DURING THE YEAR Marine and Fire Risks Inland Risks 1 Gross amount actually paid for losses including 122034585 losses oc curring in previous years 5964219 93 336607 07 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 7382045 and all amounts actually received for re insurance in other com panies 198675710 to tal deductions 1864131 35 196446 20 V et amount paid during the ar for losses 4100088 58 140160 87 4240249 45COMPTROLLERGENERALS REPORT 103 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 600000 00 6 Paid for commissions or brokerage 1604290 34 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 515435 75 8 Paid for State national and local taxes in this and other States 241900 96 9 All other payments and expenditures 671093 85 Aggregate amount of actual expenditures during the year in cash 7872970 35 Business in the State of Georgia during the year Risks written Are 20058499 00 Premiums received gross 201610 81 Losses paid 84389 15 Losses incurred 92255 30 JEFKERSON FIRE INSURANCE COMPANY OF PHILADELPHIA Sydney E Hutchinson President Charles B Jennings Secretary Principal Office 325 Walnut Street Philadelphia J C Dakgon 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 bond and mortgage duly recorded and being first liens on the fee simple par on market value of mortgages over cost 23500 3 Interest due on all said bond and mortgage loans 74670 and interest accrued thereon 177956 4 Value of lands mortgaged exclusive of buildings and perishable improve ments r 5 Value of buildings mortgaged insured for 12460000 as collateral 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 office 2042 91 13 Cash belonging to company deposited in bank 11W98 200000 00 109504 40 136831 00 2526 26 Total cash items 166052 50 18200 00 112094 89104 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in market value uncollected 1777 90 16 Interest due and accrued on collateral loans and uncol lected 128 75 17 Cash in hands of agents and in course of transmission 14758 28 18 All other assets both real and personal viz rents due and accrued 75032 interest on money deposited in bank 37732 1127 64 Amount reclaimable on temporary and perpetual poli cies on real estate of company 1042 30 Total assets of the company actual cash market value 564043 92 IIILIABILITIES 1 Losses adjusted and unpaid 1843 59 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses about 2965 00 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 16013188 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 4826803 unearned premiums pro rata 30065 94 25841 39 11 12 Total unearned premiums as computed above carried out Amount reclaimable by the insured on perpetual fire insurance policies being five and ten per cent of the premium or deposit received 1371650 five percent 6011947 ten percent 18 Commissions brokerage and other charges due or to become due to agents and brokers 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz tax on capital stock 90000 tax on pre miums 12675 fire insurance patrol 8723 20 Total amount of all liabilities except capital stoik 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 4808 59 55907 33 67138 21 5594 00 1113 98 134562 11 200000 00 229481 81 564043 92COMPTROLLERGENERALS REPORT 105 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 13997 81 3 Net collected 13997 81 4 Gross premiums on risks written and re newed during the year 90843 84 5 Total 104841 65 6 Deduct premiums and bills in course of collection at this date 14758 28 7 Entire premiums collected during the year 90083 37 8 Deduct reinsurance and return premiums 15172 42 74910 95 Increase in uncollected premiums over last year760 47 9 Net cash actually received for premiums carried out 75671 42 10 Received for interest on bonds and mortgages 9065 85 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 6791 77 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 7 92250 transfers etc 14021 discount on perpetual policies cancelled 239 99 profit on sale or maturity of ledger assets 3000 8332 70 13 Received for increased capital 100000 00 14 Deposit premiums written on perpetual risks gross 2202 9 15 Aggregate amount of income actually received during the year in cash 102063 83 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for logses in cluding 700000 losses occurring in previous years 35942 20 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2349 and all amounts actually received for reinsur ance in other companies total deduc 23 49 tions 3 Net amount paid during the year for losses 3o818 71 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 12000 00 5 Deposit premiums returned reinsurance 37500 3194 02 6 Paid for commissions or brokerage including agency 25015 04 commissions 106 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 6276 99 8 Paid for State national and local taxes in this and other States 3072 32 9 All other payments and expenditures viz repairs and expenses on real estate 82330 miscellaneous ex penses 283752 loss on sale or maturity of ledger assets 8031 3741 13 Aggregate amount of actual expenditures during the year in cash 89218 21 LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF NEW YORK N Y Henry W Eaton President George VV Hoyt Secretary Home Office 45 William Street New York City CAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 Amount of ledger assets as per balance December 31 of previous year 582675 76 Extended at 582675 76 IIINCOME Fire Risks 336732 85 1 Gross premiums written or renewed dur ing the year 2 Deduct reinsurance rebate abatement and return premiums 190689 50 3 Total premiums other than perpetuals 7 Interest on bonds and dividends on stocks 19814 95 8 Interest from all other sources 935 18 10 Total interest 13 Total income 146043 35 20750 13 166793 48 IIIDISBURSEMENTS 1 Gross amount paid for losses including 1615852 occurring in previous years 2 Deduct amount received for salvage 192276 and for reinsurance in other companies 8616382 Fire Risks 177950 37 88086 58 3 Net amount paid for losses 89863 79 5 Paid stockholders for interest or dividends amount de clared during the year 10000 00 8 Commissions or brokerage 18261 68COMPTROLLERGENERALS REPORT 107 4797 50 8205 10 9 Salaries fees and all other charges of officers clerks agents and other em ployees 13 All other taxes licenses and insurance department fees 15 All other disbursements Advertising 78699 printing and stationery 114487 Board of Underwriters 1 28298 Are departments 61383 sur veys 157746 office expenses etc 10862 postage expenses and tele grams 107907 traveling 12120 legal expenses 36274 16 Total disbursements 138205 83 IVLEDGER ASSETS 4 Book value of bonds excluding interest 34645473 and stocks 154722221 5 Cash deposited in bank Hanover National Bank N Y 952374 United States Trust Co 4000000 6 Agents balances representing business written sub sequent to October 1 1905 7077 76 Total ledger assets NONLEDGER ASSETS 13 Interest due and accrued on bonds and stocks 21 Gross assets 501176 95 49523 74 60562 72 611263 41 5075 00 DEDUCT ASSETS NOT ADMITTED 7 Depreciation from book value of ledger assets to bring same to market value 616338 41 18651 95 9 Total admitted assets VLIABILITIES 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 597686 46 28380 00 6000 00 34380 00 14029 00 6 Net amount of unpaid losses and claims 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 I premiums on perpetual fire risks 15246593 unearned premiums fifty percent1 20351 00 76232 97108 COMPTROLLERGENERALS REPORT 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 12500317 unearned premiums pro rata 65401 37 12 Total unearned premiums as computed above 141634 34 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 7500 00 Commissions brokerage and other charges due or to be come due to agents and brokers 4000 00 Return premiums 589878 reinsurance premiums 1091661 16815 39 20 21 24 Total amount of all liabilities except capital 190300 73 25 Capital actually paid up in cash 200000 00 26 Surplus over all liabilities 207385 73 27 Surplus as regards policy holders 23 Total liabilities 407385 73 597686 46 Business in the State of Georgia during the year Risks written fire3 Premiums received Losses paid Losses incurred 1021219 00 18806 47 15898 77 15062 77 LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF LIVERPOOL ENGLAND Henry W Eton Resident Manager New York Principal Office in the United States 45 William Street New York City ICAPITAL STOCK 1 Amount of statutory de deposit 200000 00 Amount of ledger assets as per balance December 31 of previous year 11903415 83 Extended at 11903415 83 IIINCOME Fire Risks L Gross premiums written or renewed dur ing the year 10955269 33 2 Deduct reinsurance rebatb abatement and return premiums 4152112 81 3 Total premiums other than perpetuals 6803156 52 4 Deposit premiums written on perpetual risks gross 1700 11COMPTROLLERGENERALS REPORT 109 5 Interest on rhortgage loans 144541 78 7 Interest on bonds and dividends on stocks 158050 00 8 Interest from all other sources 18615 24 9 Gross rents from companys prop rty in cluding 3971250 for companys own occupancy 85694 92 10 Total interest and rents 406901 94 11 Profit on sale of maturity of ledger assets 53617 92 12 From all other sources Lifeincome 108302 received from home office 7287826 73961 28 13 Total income 7339337 77 Total footings 1924275360 mDISBURSEMENTS Fire Risks Gross amount paid for losses including 797034 03 occurring in previous years 5129189 43 Deduct amount received forsalvage162 34158 and for reinsurance in other companies 144770435 1610045 93 3 Net amount paid for losses 3519143 50 4 Deposit premiums returned 29536 41 8 Commissions or brokerage 1117097 36 9 Salaries fees and all other charges of officers clerks agents and other employees 408691 51 10 Rents including 3971250 for companys own occupancy 58883 35 12 Taxes on real estate 32632 52 13 All other taxes licenses and insurance department fees 195757 36 14 Loss on sale or maturity of ledger assets 1704402 Life expenditure 2203536 Remitted to home office 133995791 total 1379037 29 15 All other disbursements Advertising 3691065 print ing and stationery 3966440 legal expenses 2 83387 office furniture 348970 fire departments 547305 boards of underwriters 7958999 surveys 7506927 traveling 6102243 postage express and telegrams 3701033 office expenses 5323948 mis cellaneous 243950 total 396742 67 Total disbursements 7137021 97 IVLEDGER ASSETS 1 Book value of real estate unincumbered 1854023 90 2 Mortgage loans on real estate first liens 3082450 00 4 Book value of bonds excluding interest 367370483 and stocks 94487794 4613582 77 5 Cash in companys office 195458 de posited in bank Hanover National Bank of New York 18488198 New York Life Insurance Trust Co New110 COMPTROLLERGENERALS REPORT York 37000000 United States Trust Co New York 37000000 Union Trust Co New York 10000000 Farmers Loan and Trust Co New York 100 00000 First National Bank Chicago 5804368 Bank of California San Francisco 3519232 Hibernia Bank and Trust Co New Orleans 62214 Commercial National Bank New Orleans 5477 Whitney Central National Bank New Orleans 167072 American Exchange National Bank New York 1137765 Kquitable Trust Co New York 958790 total Agents balances representing business written subsequent to October 1 1905 Agents balances representing business written prior to October 1 1905 1243385 74 1276714 26 30574 96 11 Total ledger assets 12105731 6b NONLEDGER ASSETS 12 Interest due 187502 and accrued 37 81113 on mortgages 39686 15 13 Interest accrued on bonds and stocks 45483 75 15 Interest accrued on other assets 188 90 16 Rents accrued on companys property or lease 10000 00 17 Total 95358 80 18 Market value of real estate over book value 7673 38 19 Market value of bonds and stocks over book value 56543 48 20 Other nonledger assets viz Perpetual policy premiums 215 93 21 Gross assets 12265523 22 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1905 30574 96 9 Total admitted assets 12234948 26 VLIABILITIES 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 745718 33 3 Gross claims for losses resisted 88612 27 4 Total 5 Deduct reinsurance due or accrued 834330 60 281520 50 6 Net amount of unpaid losses and claims 552810 10COMPTROLLERGENERALS REPORT Ill 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 risks523378688 unearned premiums fifty per cent 2616893 44 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 612102277 unearned premiums pro rata 3269090 15 12 Total unearned premiums as computed above 5885983 59 13 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received 14 Net premium reserve and all other liabilities except capital under the life insurance or any other special department 20 Commissions brokerage and other charges due or to be come due to agents and brokers 20000 00 21 Return premiums 6765590 reinsurance premiums 15649351 total 224149 41 243508 18 46217 21 24 Total amount of all liabilities except capital 6972668 49 27 Surplus as regards policyholders 5262279 77 28 Total liabilities 12234948 26 Business in th Stnte of Georgia during the year 1905 Risks written fire 12591184 00 Premiums received 242539 66 Losses paid 97437 69 Losses incurred 100899 85 LONDON ASSURANCE CORPORATION OF LONDON ENGLAND Charles L Case United States Manager Principal Office 56 Wall Street New York N Y W F Manry 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 2324484 00112 COMPTROLLERGENERALS REPORT 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank 2415 79 246166 04 Total cash items 248581 83 15 Interest due and accrued on bonds not included in mar ket value uncollected 28025 f 17 Cash in hands of agents and in course of transmission 338538 66 18 All other assetsboth real and personal 1242 88 Total assets of the company actual cash market value 2940872 79 IIILIABILITIES 1 Losses due and unpaid 28100 not yet due 1403700 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 14318 00 217540 54 18396 00 250254 54 44323 54 17 1 531234 09 752276 29 16962 24 41670 47 205931 00 6 Net amount of jinpaid 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 106246818 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 141109128 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 3392449 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 11 Total unearned premiums as computed above carried out 134214309 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and contingent due and to become due admitted and con tested viz reinsurance premiums 12500 00 37972 76COMPTROLLERGENERALS REPORT 113 20 21 23 24 Total amount of all liabilities except capital stock and net surplus Deposit 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 1598546 85 610000 00 732325 94 2940872 79 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement Net collected Gross premiums on risks written and renewed during the year IVIKCOMB DURING THE YEAR Fire Risks Marine and Inland Risks 256880 22 83955 58 256880 22 83955 58 136409 85 845413 35 819541 20 481773 65 10 11 12 14 15 Total 2393290 07 929368 93 Deduct premiums and bills in course of collection at this date 304697 65 109827 73 Entire premiums collected during the year 2088592 42 Deduct reinsurance and re turn premiums 556770 20 Net cash actually received for premiums carried outI 1531822 22 337767 55 Received for interest on bonds 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 securities Remittances from home office during the year 207 68 Aggregate amount of income actually received during the year in cash 1869589 77 90272 29 2770 65 4125 00 1966757 71 VEXPENDITURES DURING THE YEAR Fire Risks Marine and Inland Risks Gross amount actually paid for losses includ ing 17481600 losses oc curring in previous years 783626 07 491633 94114 COMPTROLLERGENERALS REPORT Deduct all amounts ac tually received for sal vages whether on losses of the last or of the previous year 44 31433 and all amounts actually received for re insurance in other com panies 33255131 total deductions 96121 77 280743 87 3 Net amount paid during the year for losses 687504 30 210890 07 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 5 Purchase of securities 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 Stale national and local taxes in this and other States 9 All other payments and expenditures viz Rents 21 04148 advertising 373823 maps 594801 printing and stationery 952705 postage and telegrans 13922 08 travelling 2481046 furniture 112359 miscel laneous 3291168 total 10 Amount sent to home office during the year 306741 94 Aggregate amount of actual expenditures during the year in cash 898394 37 50000 00 390899 37 125317 26 59062 72 113022 58 1636696 30 Business in the State of Georgia during the year Fire risks written Premiums receivedgross Losses paid Losses incurred Fire Risks 951258 00 17938 53 10137 32 7381 32 Marine and Inland Risks 639653 00 1318 24 264 61 264 61 Aggregate 1590911 00 19256 77 10401 93 7645 9 ICOMPTROLLERGENERALS REPORT 115 LONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Archibald G McIlwaine Jr Manager Principal Office in the United States 57 and 59 William St New York City Fred W Colb Atlanta Attorneyfor Service in Georgia 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 carried out at market value 12 Cash in companys principal office 28412 15 13 Cash belonging to the company deposited in bank 441089 73 Cash in hands of United States trustee 120500 00 300000 00 2 006771 32 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected Interest due and accrued on other assets 17 Cash in hands of agents and in course of transmission 41827606 less commissions 8177873 18 Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Rents due and accrued 1702 due from other companies for reinsurance on losses already paid 1281546 Balances due from other companies 590001 88 28436 25 1902 54 336497 33 1565 11 14517 46 1620 35 Total assets of the company actual cash market value 3281312 24 Premiums over three months due not in cluded in above 6848 31 1 2 IIILIABILITIES Losses due and unpaid Losses not yet due Gross losses in process of adjustment or in suspense including all reported and supposed losses Losses resisted including interest costs and other expenses thereon 24444 00 19732 62 153823 70 16153 55 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 214153 87 66453 89 6 Net amount of unpaid losses 147699 9116 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 140849214 un earned premiums fifty per cent 704246 05 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 215757085 unearned premiums pro rata 1156282 35 11 Total unearned premiums as computed above car ried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Unpaid return premiums 183886 un paid reinsurance 7753805 total 7937691 less com missions 14178 60 1860528 40 65198 31 20 Total amount of all liabilities except capital stock and net surplus 2073426 6 I 23 Surplus beyond capital and all other liabilities 12 7885 55 24 Aggregate amount of all liabilities including capital paid up and net surplus 3281312 24 IVINCOME DURING THE YEAR On Fire Eikks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 462283 64 3 Net collected 46228364 4 Gross premiums on risks written and re newed during the year 3135827 S9 5 Total 3598111 63 6 Deduct premiums and bills in course of collection at this date 426689 48 7 Entire premiums collected during the year cash 316928355 notes 213860 3171422 15 8 Deduct reinsurance and return premiums 1046649 88 9 Net cash actually received for premiums carried out 2124772 27 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 89664 05 12 Income received from all other sources omitting in crease if any in the value of securities viz Rents 1803 96 15 Aggregate amount of income actually received during the year in cash 22162402COMPTROLLERGENERALS REPORT 117 8 1291888 00 VEXPENDITURES DURING THE YEAR Fire Risks Gross amount actually paid for losses in cluding 15951005 losses occurring in previous years Deduct all amounts actually received for salvages wheoher on losses of the last or of previous year 2494029 and all amounts actually received for reinsur ance in other companies 33310486 total deductions 358045 15 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other states 9 All other payments and expenditures viz Printing ad vertising and stationery 1873553 rents 2130460 furniture and fixtures 451311 postage telegrams and exchange 1557616 boards maps and surveys 4442193 miscellaneous 3256059 total 10 Amount sent to home office during the year in cash 305003 40 Aggregate amount of actual expenditures during the year Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 933842 8 391746 31 158934 32 66199 19 137116 92 1687839 59 4118859 00 51871 97 11129 57 11270 57 LUMBER MUTUAL INSURANCE 00 OF BOSTON MASS W 0 Johnson President Harry E Stone Secretary Principal Office 53 State Street Boston Mass Wm AWright Insurance Commissioner Attorney for Service in Georgia IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1200 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements including water privilege 1000 00 5 Value of buildings mortgaged insured for 120000 as collateral 3400 00 6 Total value of said mortgaged premises carried inside 4400 00118 COMPTROLLERGENERALS REPORT 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 138500 00 11 Total par and market value and amount loaned thereon 5000 00 12 Cash in companys principal office 178 08 13 Cash belonging to the company deposited in bank 86391 36 Total cash items 86569 44 17 Cash in hands of agents and in course of transmission Premiums written direct subsequent to October 1 599024 due from agents for premiums subsequent to October 1 1070092 total 16691 16 All other assets both real and personal Dividends ad vanced on pols exp after Jan 1 1906 4047 74 252008 34 Bonds deposited with Treasurer of Georgia 10000 00 Total assets of the company actual cash market value 242008 34 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 2200 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unexpired Are risks running one year or less from date of policy 19460461 unearned premiums fifty per cent 18 Return premiums not due 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz For inspection 64098 for contingent commission estimated 280000 total 20 Total amount of all liabilities except capital stock and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 242008 34 IVINCOME DURING THE YEAK Fire Risis 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 13957 19 2200 00 97302 31 320 95 3440 98 103264 24 138744 10 3 Net collected 13957 19COMPTROLLERGENERALS REPORT 119 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected during the year 8 Deduct rebate 36078 and return pre miums 2739379 227367 43 241324 62 16691 16 224633 46 27754 57 9 Net cash actually received for premiums carried out 10 Received for interest on mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Discount on losses 59973 old accounts 23774 office furni ture 7200 total l5 Aggregate amount of income actually received during the year in cash 196878 89 81 00 7727 15 309 74 205596 51 VEXPENDITURES DURING THE YEAR fire Kisks 1 Gross amount actually paid for losses in cluding 798502 losses occurring in previous years 71181 59 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year Premiums on bonds purchased 276150 interest on bonds purchased 40238 total 6 Paid for traveling and inspection 797589 unpaid Dec 31 04 66886 864475 unpaid Dec 81 95 64098 since paid 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 Adjusting 65681 exp post and Tele 17990 office expenses 59638 print and adv 249222 rent 122013 total Aggregate amount of actual expenditures during the year in cash Businesi in the State of Georgia during the year Fire risks writtenr Premiums received gross Losses paid Losses incurred 71181 59 58590 11 8163 88 8003 77 15018 77 3222 93 5145 44 164326 49 139333 33 4121 79 1682 45 3182 45120 COMPTROLLERGENERALS REPORT MERCANTILE MUTUAL FIRE INSURANCE CO OF PROVIDENCE RHODE ISLAND Henry T Grant President Alfred W Eddy Secretary Principal Office 10 AVybosset St Providence R I W A Wright Atlanta Attorney for Service in Georgia IIASSETS 9 Total par and market value of stocks and bonfls owned absolutely by the company carried out at market value9 201000 00 11 Total amount loaned on stocks and bonds and all other securities except mortgages 4300 00 13 Cash belonging to the company deposited in the Ameri can National Bank 20967 68 15 Interest due and accrued on stocks not included in the market value uncollected 1825 60 16 Interest due and accrued on collateral loans and uncol lected 127 09 7 Cash in hands of agents and in course of transmission 740L 48 All other assets both real and personal viz Endorsed demand note 10 0 00 Total assets of the company actual cash market value 23962185 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 1679 22 7 Gross premiums without any deduction received and receivable upon all unexpired fire risks running one year or less from date of policy 21711493 un earned premiums fifty per cent 108557 46 19 All other demands against the company absolute and contingent due and to become duo admitted and con tested viz Taxes for 1906 4342 29 20 Total amount of all liabilities except capital stock and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOMB 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 5119 31 114579 97 125041 88 239621 85 3 Net collected 5119 31COMPTROLLERGENERALS REPORT 121 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 229449 23 234568 54 701 48 227167 06 12283 00 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting in crease if any in value of securities 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DUBING THE YEAS 1 Gross amount actually paid for losses including 47324 losses occurring in previous years 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rent 2100 interest on loan 9878 travel 376250 office inci dentals 266989 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 214884 06 8613 62 900 00 Risks written fire Premiums received gross Losses paid Losses incurred 224397 68 9608 58 170234 79 14870 02 3979 55 8631 26 207324 20 1414857 00 10424 74 510 34 510 34122 COMPTROLLERGENERALS REPORT MICHIGAN COMMERCIAL INSURANCE COMPANY OF LANSING Frank A Hooker President A D Baker Secretary Principal Office 118 West Ottawa Street Rhodes Browne Columbus Attorney for Service in Georgia CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 IIASSETS 200000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 8 Interest accrued on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 121450 00 5 Value of buildings mortgaged insured for 16265000 as collateral 25880 00 6 Total value of said mortgaged premises carried inside 380250 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 1100 00 13 Cash belonging to company deposited in bank 76695 57 Total cash items 15 Interest due and accrued on stocks and bonds not included in market value uucollected 16 Interest due and accrued on certificate of deposit and unsollected Agents balances on business written subsequent to October 1 1905 Agents balances on business written prior to October 11905 146800 00 1294 12 184583 10 77795 57 3230 79 453 32 41556 88 72 25 DEDUCT ASSETS NOT ADMITTED Total assets of the company actual cash market value 455750 03 Agents balances representing business written prior to October 1 1905 72 25 Total admitted assets 455677 78 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 24933 62 5 Deduct reinsurance thereon 6781 73 6 Net amount of unpaid losses 18151 89COMPTROLLERGENERALS REPORT 123 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 19003754 un earned premiums fifty per cent 95018 77 Gross premiumswithout any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 6006123 unearned premiums pro rata 50942 30 9 10 12 15 year 8 Deduct reinsurance and return premiums 489273 51 221229 75 Net cash actually received for premiums carried out Received for interest oh bond and mortgages Income received from all other sources omitting in crease if any in value of securities viz Premiums on bonds sold Aggregate amount of income actually received during the year in cash VEXPENDITURES Fire Risks Gross amount actually paid for losses 98548 07 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 53965 and all amounts actually received for reinsur ance in other companies 3055732 total deductions 31096 97 Net amount paid during the year for losses Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employees 164112 96 200000 00 91564 82 11 Total unearned premiums as computed above carried out 145961 07 20 Total amount of all liabilities except capital stock and net surplus 21 Joint stock capital actually paid up in cash 3 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 455677 78 IV INCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 530902 61 6 Deduct premiums and bills in course of collection at this date 41629 13 7 Entire premiums collected during the 268013 76 6595 79 8 962 00 286468 23 67451 10 67566 02 9627 44124 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 3654 37 9 All other payments and expenditures viz Advertising adjusting expenses agency expenses legal expenses postage traveling expenses printing and lithograph ing stationery signs and supplies express and freight telegraph and telephone miscellaneous ex penses premiums on bonds purchased total 38373 73 Aggregate amount of actual expenditures during the year in cash 186672 66 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE WIS William L Jones President Oscar Griebling Secretary Principal office 442444 City Hall Square Chas S Mathews 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 114000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1232717 87 3 Interest due on all said bond and mortgage loans 1 74447 interest accrued thereon 2414328 total 25887 75 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1486952 00 5 Value of buildings mortgaged 1503850 00 6 Total value of said mortgaged premises carried inside 2990802 00 9 Total par and market value of stocks and bonds owned absolutely by the Company carried out at market value 1493610 83 11 Total loaned on stocks bonds and all securities except mortgages 35000 00 12 Cash in companys principal office 18309 29 18 Cash belonging to the Company deposited in bank viz First National Bank of Milwaukee 113402 56 Total cash items 131711 85COMPTROLLERGENERALS REPORT 125 17 Cash in hands of agents and in course of transmission Deposit Milwaukee board of Are underwriters 217514 24 100 00 Total assets of the company actual cash market value 3250542 54 IIILIABILITIES 1 Losses due and unpaid 41599 73 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 73973 99 3 Losses resisted including interest costs and other expenses thereon 12062 24 4 Total gross amount of claims for losses 5 Deduet reinsurance thereon 127635 96 31438 32 6 Net amount of unpaid losses 96197 64 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 87878617 un earned premiums fifty per cent 439393 08 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 183695522 unearned premiums pro rata 1008579 40 11 Total unearned premiums as computed above carried out 144797248 Reserve retained for reinsurance company 96541 79 20 Total amount of all liabilities except capital stock and net surplus 1640711 91 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 1409830 63 24 Aggregate amount of all liabilities including capital paid up and net surplus 3250542 54 IVINCOME DURING THE YEAR Fire 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 269059 49 3 Net collected 269059 49 4 Gross premiums on risks written and re newed during the year 2072403 85 5 Total 2341463 34126 COMPTROLLERGENERALS REPORT Deduct premiums and bills in course of collection at this date 271892 80 Entire premiums collected during the year 2069570 54 Deduct reinsurance and return premiums 553193 54 9 Net cash actually received for premiums carried out 1516377 00 10 Received for interest on bonds and mortgages 52998 41 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 51449 70 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 399600 agents balances heretofore charged off 17475 reserve retained for reinsurance company 1553423 total 19704 98 15 Aggregate amount of income actually received during the year in cash 1640530 06 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 9355483 losses occurring in previous years 732274 52 2 Deduct all amounts actually received for salvages whether on losses of the last or previous years 514954 and all amounts actually received for reinsur ance in other companies 13434915 total deductions 139498 69 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 Traveling printing stationery rents legal expenses furniture depreciation in securities loss on agents bal ances 592775 83 80000 00 372578 58 99447 93 58823 70 121360 30 Aggregate amount of actual expentures during the year in cash Business in the State of Georgia during the year Risks written fire Premiums received gross Losses paid Loises incurred 1324986 34 880804 00 15289 32 2232 05 4515 92COMPTROLLERGENERALS REPORT 127 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN James Nichols President B R Stillman Secretary Principal Office 95 Pearl Street Hartford Conn 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 333571 84 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 655350 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 701470 00 5 Value of buildings mortgaged insured for 70605000 as collateral 1166050 00 6 Total value of said mortgaged premises carried inside 1867520 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 5428774 00 12 Cash in companys principal office 721 09 13 Cash belonging to the company deposited in bank Charter Oak National Bank 32538127 State Bank 2529160 350672 87 Total cash items 351393 96 17 Cash in hands of agents and in course of transmission 535869 16 Total assets of the company actual cash market value 7304958 96 IIILIABILITIES 1 Losses not due and unpaid 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 3 Losses resisted including interest costs and other ex penses thereon 4 Total gross amount of claims for 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 313890304 un earned premiums fifty per cent 1569451 52 84569 15 251226 68 21822 87 357618 70128 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 365797869 unearned premiums pro rata 1913583 26 11 Total unearned premiums as computed above carried out 3483034 78 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Special reserve for contingencies 150000 00 20 Total amount of all liabilities except capital stock and net surplus I 3990653 48 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 2314305 48 24 Aggregate amount of all liabilities including capital paid up and net surplus 7304958 96 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 6526518 36 8 Deduct reinsurance and return premiums 2130298 39 9 Net cash actually received for premiums carried out 4396219 97 10 Received for interest on bonds and mortgages 31441 05 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 213046 53 12 Income received from all other sources omitting increase if any in value of securities viz Rents 16605 41 15 Aggregate amount of income actually received during the year in cash 4657312 96 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 28088103 losses occurring in previous years 2690889 96 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1141405 and all amounts actually received for reinsur ance in other companies 63885497 to tal deductions 650269 02 3 Net amount paid during the year for losses 2040620 94 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00COMPTROLLERGENERALS REPORT 129 6 Paid for commissions or brokerage 830217 21 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 327321 53 8 Paid for State national and local taxes in this and other States 160672 20 9 All other payments and expenditures viz Repairs and expenses on real estate 766458 agents balances charged to profit and loss 398097 advertising field work and incidental expenses 14412067 office furni ture books and stationery 3634618 traveling ad justments and miscellaneous 12848420 loss on sale or maturity of assets 6494715 total 385543 75 Aggregate amount of actual expenditures during the year in cash 3864375 63 Business in the State of Georgia during the year Fire risks written 3939927 00 Premiums received gross 41570 39 Losses paid 8153 16 Losses incurred 8948 49 NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG PA Jas H Willock President E E Cole Secretary Principal Office 401 Wood Street F C Robinson Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 750000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 399622 00 3 Interest due on all said bond and mortgage loans 7500 interest accrued thereon 678484 total 6859 84 4 Value of lands mortgaged exclusive of buildings and perishable improvements 656180 00 5 Value of buildings mortgaged insured for 33505000 as collateral 389960 00 6 Total value of said mortgaged premises carried inside I 1046140 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1250450 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 50000 00 i130 COMPTROLLERGENERALS REPORT 12 Cash in companys principal office 10783 65 13 Cash belonging to the company deposited in bank Mellon National Bank Pitts burg Pa 7663396 Second National Bank Pittsburg Pa 7351009 Com monwealth Trust Company Pittsburg Pa 1000000 Wilkinsburgh R E Trust Company Pittsburg Pa 10000 Colonial Trust Company Chicago 111 1136398 total 181508 03 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 192291 68 1630 00 207367 94 Total assets of the company actual cash market value 2108221 46 3 IIILIABILITIES Losses unpaid not due Gross losses in process of adjustment or in suspense including all reported and supposed losses Losses resisted including interest costs and other expenses thereon 11321 68 85306 63 11914 52 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 108542 83 24612 82 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 80006710 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 84339803 unearned premiums pro rata 83930 01 400033 55 513858 75 11 Total unearned premiums as computed above carried out 913892 30 20 Total amount of all liabilities except capital stock and net surplus 31 21 Joint stock capital actually paid up in cash 750000 00 Surplus beyond capital and all other liabilities 360399 15 2 24 Aggregate amount of all liabilities including capital paid up and net surplus 2108221 46COMPTROLLERGENERALS REPORT 131 IVINCOME DURING THE TEAE Fire Risks 1 Gross premiums and bill in course of col lection at close of last previous year as shown by that years statement 248 92 3 Net collected 248 92 4 Gross premiums on risks written and re newed during the year 1759022 15 5 Total 1759271 07 6 Deduct premiums and bills in course of collection at this date 1003 03 7 Entire premiums collected during the year 1758268 04 8 Deduct reinsurance and return premiums 584261 28 9 Net cash actually received for premiums carried out 1174006 76 10 Received for interest on bonds and mortgages 19587 39 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 60666 02 13 Bad accounts collected etc 764 31 15 Aggregate amount of income actually received during the year in cash 1255024 48 VEXPENDITURES DURING THE YEAR Fire Risks Gross amount actually paid for losses in cluding 7803557 losses occurring in previous years 610514 76 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 537392 and all amounts actually received for reinsur ance in other companies 11479366 to tal deductions 120167 58 3 Net amount paid during the year for losses 490347 18 6 Paid for commissions or brokerage 262578 14 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 100477 70 8 Paid for State national and local taxes in this and other States 55822 51 9 All other payments and expenditures viz Rent print ing and stationery home office general expenses furni ture and fixtures advertising insurance maps etc 69500 16 Aggregate amount of actual expenditures during the year in cash 978725 69132 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 1584150 00 Premiums received gross 21311 71 Losses paid 2295 26 Losses incurred 2300 26 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER NEW HAMPSHIRE Frank W Sargeant President Lewis W Crockett Secretary 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 159752 91 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 344400 00 3 Interest accrued on all said bond and mortgage loans 4589 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 301250 00 5 Value of buildings mortgaged insured for 35560400 as collateral 529850 00 6 Total yalue of said mortgaged premises carried inside 831100 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3053035 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 75000 00 12 Cash in companys principal office 731 75 13 Cash belonging to the company deposited in bank 204539 89 Total cash items 205271 64 15 Interest due and accrued on stocks not included in mar ket value uncollected 10934 19 16 Interest due and accrued on collateral loans and uncol lected and mortgage loans 5291 95 17 Cash in hands of agents and in course of transmission 193487 74 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 546724 cash in hands of treasurer N Y N H H R R for new stock purchased certificate not delivered 1650000 21967 24 Total assets of the company actual cash market value 4069140 67COMPTROLLERGENERALS REPORT 133 IIILI ABILITIE S 1 Losses unpaid not yet due 117473 59 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 105054 00 3 Losses resisted including interest costs and other expenses thereon 15643 00 4 Total gross amount of claims for losses 238170 59 5 Deduct reinsurance thereon 39862 17 6 Net amount of unpaid losses 198308 42 7 Gross premiums without any deductions received and receivable upon all unex pired fire risks running one year or less from date of policy 118287026 un earned premiums fifty per cent 591435 13 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 172214899 unearned premiums pro rata 910263 22 11 Total unearned premiums as computed above carried out 1501698 35 17 Due and accrued for agency and other miscellaneous ex penses return premiums and reinsurance premiums 46866 84 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Contingent reserve fund 5000000 sinking fund for office building 2000000 70000 00 20 Total amount of all liabilities except capital stock and net surplus 1816873 61 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1252267 06 24 Aggregate amount of all liabilities including capital paid up and net surplus 4069140 67 IVINCOME DURING THE YEAR Fire Risk 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 255614 04 3 Net collected 255614 04 4 Gross premiums on risks written and re newed during the year 2087832 33 5 Total 2343446 37134 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of collection at this date 270171 95 7 Entire premiums collected during the year 2073274 42 8 Deduct reinsurance and return premiums 348087 20 9 Net cash actually received for premiums carried out 1725187 22 10 Received for interest on bonds and mortgages 17349 29 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 112358 22 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1647975 loss and gain account 290244 19382 19 15 Aggregate amount of income actually received during the the year in cash 1874276 92 VEXPENDITURES DURING THE YEAB Fire isk 1 Gross amount actually paid for losses in cluding 2422360 losses occurring in previous years 1049146 26 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 554598 and all amounts actually received for reinsur ance in other companies 17012789 to tal deductions 175673 87 3 Net amount paid during the year for losses 873472 39 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 421948 48 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 76301 99 8 Paid for State national and local taxes in this and other States 48022 19 9 All other payments and expenditures 11599477 loss and gain account 1950883 135503 60 Aggregate amount of actual expenditures during the year in cash 1655248 65 Business in the State of Georgia during the year Fire risks written 2176295 00 Premiums received gross 38704 98 Losses paid 35924 07 Losses incurred 40439 07COMPTROLLERGENERALS REPORT 135 NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Harold Herrick President Georoe W Dewet 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 cask 500000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 240000 00 3 Interest due and accrued on all said bond and mortgage loans 4108 33 4 Value of lands mortgaged exclusive of buildings and perishable improvements 181000 00 5 Value of buildings mortgaged insured for 16550000 as collateral 193000 00 6 Total value of said mortgaged premises carried inside 374000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 4027250 00 12 Cash in companys principal office 403 42 13 Cash belonging to the company deposited in bank Bank of Manhattan Co 68720 83 Total cash items 69124 25 15 Interest due and accrued on stocks not included in mar ket value uncollected 19769 94 17 Cash in hands of agents and in course of transmission 470752 18 Total assets of the company actual cash market value 4831004 70 IIILIABILITIES 1 Losses due and unpaid 15854 79 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 205266 44 3 Losses resisted including interest costs and other expenses thereon 30093 60 4 Total gross amount of claims for losses 251214 83 5 Deduct reinsurance thereon 39592 70 6 Net amount of unpaid losses 211622 13136 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 192514191 un earned premiums fifty per cent 962570 95 S Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 230498175 unearned premiums pro rata 1247577 84 11 Total unearned premiums as computed above carried out 16 Cash dividends to stockholders remaining unpaid 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 20 Total amount of all liabilities except capital stock and net surplus 2520549 51 21 Joint stock capital actually paid up in cash 500000 05 23 Surplus beyond capital and all other liabilities 1810455 19 2210148 79 60 00 98718 59 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR Fir Risk 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 461018 48 4831004 70 3 Net collected 461018 48 4 Gross premiums on risks written and re newed during the year 3582555 07 5 Total 4043573 55 6 Deduct premiums and bills in course of collection at this date 510234 85 7 Entire premiums collected during the year 3533338 70 8 Deduct reinsurance and return premiums 872575 97 9 Net cash actually received for premiums carried out 2660762 73 10 Received for interest on bonds and mortgages 20361 54 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 137334 72 12 Income received from all other sources omitting increase if any in value of securities viz Profit and loss on se curities 2577495 discounts 380568 total 29580 63 15 Aggregate amount of income actually received during the year in cash 2848039 62COMPTROLLERGENERALS REPORT 137 VEXPENDITURES DURING THE YEAR Fire Risk 1 Gross amount actually paid for losses in cluding 19212442 losses occurring in previous years 1435354 55 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 678998 and all amounts actually received for reinsur ance in other companies 13123273 to tal deductions 138022 71 3 Net amount paid during the year for losses 1297331 84 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100 00000 99940 00 6 Paid for commissions or brokerage 538909 30 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 225205 87 8 Paid for State national and local taxes in this and other States 102607 31 9 All other payments and expenditures 176101 31 Aggregate amount of actual expenditures during the year in cash 2440095 63 Business in the State of Georgia during the year Fire risks written 1433643 00 Premiums received gross 21252 62 Losses paid 16206 08 Losses incurred 16557 21 INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA PA Charles Platt President Greville 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 paid up in cash 3000000 00 Amount of ledger assets as per balance December 31 of previous year 11587962 67 Extended at11587962 67138 COMPTROLLERGENERALS REPORT IIINCOME Fire Marine and Inland 1 Gross premiums 6745052 84 2248886 85 2 Deduct reinsurance rebate abatement and return premiums 1443484 69 383874 04 Total premiums other than perpetualsf 5301568 15 1865012 81 Deposit premiums written on perpetual risks gross 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 occupancy 37187 24 2866 86 364033 53 23596 87 30492 89 10 Total interest and rents 11 Profit on sale or maturity of ledger assets 12 From all other sources Perpetual permits transfer fees and earned deposits 185359 dividends from bad debts previously charged off etc 103185 7166580 19669 96 50 458177 39 34795 00 2885 44 13 Total income 7682108 29 iil 1 Gross amount paid for losses 2 Deduct amount received for salvage 34754157 and for reinsurance in other companies 466 27704 DISBURSEMENTS Fire Marine and Inland 2959017 20 1682108 01 345739 31 468079 30 3 Net amount paid for losses 2613277 89 1214028 71 3827306 60 4 Deposit premiums returned 16999 91 5 Paid stockholders for interest or dividends amount de clared during the year 36000000 360076 20 8 Commissions or brokerage 1480806 74 9 Salaries fees and all other charges of officers clerks agents and other employees 447939 35 10 Rents including 1000000 for companys own occupancy 30588 50 11 Repairs and expenses other than taxes on real estate 8700 42 12 Taxes on real estate 6476 58 13 All other taxes licenses and insurance department fees 167753 77 14 Loss on sale or maturity of ledger assets 5681 64COMPTROLLERGENERALS REPORT 139 15 All other disbursements Advertising printing and sta tionery 14905744 legal expenses 821222 miscella neous 22898356 reduction in book value of sundry investments 4906943 bad debts charged off 5584 55 total 340907 20 16 Total disbursements IVLEDGEB ASSETS 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 62708839 other than first 40000 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds excluding interest 845894685 and stocks 44370000 5 Cash in companys office 348614 deposited in bank 118691728 6 Agents balances representing business written subse quent to October 1 1905 7 Agents balances representing business written prior to October 1 1905 8 Bills receivable not matured taken for marine and in land risks 10 Other ledger assets viz Book accounts due company 11 Total ledger assets NONLEDGER ASSETS 12 Interest due 103970 and accrued 429025 on mort gages 19 Market value of bonds and stocks over book value 20 Other nonledger assets viz Reinsurance claims on losses paid marine 21 Gross assets DEDUCT ASSETS NOT ADMITTED 22 Companys loans on stock I000 00 25 Agents balances representing business written prior to October 1 1905 20613 77 27 Loans on personal security endorsed or 310 00 not 29 Total 30 Total admitted assets 6693236 91 466100 00 627488 39 244000 00 8902646 85 1190403 42 1095895 44 20613 77 29175 59 510 59 12576834 05 5329 95 424901 08 8786 66 13015851 74 21923 77 12993927 97 140 COMPTROLLERGENERALS REPORT 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 supposed losses 3 Gross claims for losses re sisted 4 Total 5 Deduct reinsurance due or accrued 5351500 and salvage claims 4760000 6 Fire Marine and Inland 118769 40 291490 60 460500 00 37255 00 447515 00 460500 00 53515 00 47600 00 Net amount of unpaid losses and claims 394000 00 412900 00 806900 00 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running one year or less from date of policy 351169284 un earned premiums fifty per cent 1755846 42 Gross premiums received and receivable upon all unexpired fire risks running more than one year from date of policy 501852811 unearned premiums pro rata 2622827 57 Gross premiums cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks unearned premiums 100 per cent 374650 85 12 Total unearned premiums as computed above 4753324 84 13 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the premi um or deposit received 759655 38 18 Cash dividends remaining unpaid to stockholders 30 00 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 320 11 20 Commissions brokerage and other charges due or to be come due to agents and brokers 55000 00 21 Reinsurance premiums 13890 84 24 Total amount of all liabilities except capital 25 Capital actually paid up in cash 3000000 00 26 Surplus over all liabilities 3604806 80 6389121 17COMPTROLLERGENERALS REPORT 27 Surplus as regards policyholders 141 66048 28 Total liabilities 12993927 97 Business in the State of Georgia during the year Risks written Premiums received Losses paid Losses incurred Fire 5892742 00 Marine and Inland 28574607 00 Aggregate 34467349 00 120869 17 113383 46 234252 63 59672 31 49370 79 109043 10 57713 74 48870 79 106584 53 U S BRANCH OF THE NORTH BRITISH AND MERCANTILE FIRE IN SURANCE COMPANY OF LONDON AND EDINBURGH E G Richabds U S Manager J F Hastings Assistant Manager Principal United States Office 76 William Street New York Jacob Haas Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock authorized 15000000 00 2 Amount paid up in cash home office 3437500 00 ilASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 1068 54 13 Cash belonging to the company deposited in bank J P Morgan Co New York 17751473 Merchants Natl Bank New York 2000000 cash in hands of trustees 176115 total 199275 88 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 59813 Milwaukee Und Bldg Assn 18100 Philadelphia Und Assn 10000 Underwriters Sal vage Co 100000 total Total assets of the company actual cash market value 5690624 00 200344 42 62272 89 722785 33 1879 13 6677905 77142 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 172054 91 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 217477 08 3 Losses resisted including interest costs and other expenses thereon 40988 73 4 Total gross amount of claims for losses 430520 72 5 Deduct reinsurance thereon 93907 66 6 Net amount of unpaid losses 336613 06 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 280159487 un earned premiums fifty per cent 1400797 44 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 339607404 unearned premiums pro rata 1818118 20 95 per cent reclaimable on perpetual risks in force received and receivable on all unexpired marine risks 22383 06 11 Total unearned premiums as computed above carried out 3241298 70 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested 160462 78 20 Total amount of all liabilities except capital stock and net surplus 3738374 54 23 Surplus beyond capital and all other liabilities 2939531 23 24 Aggregate amount of all liabilities including capital paid up and net surplus 6677905 77 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 709181 02 3 Net collected 709181 02 4 Gross premiums on risks written and re newed during the year 5249402 06t COMPTROLLERGENERALS REPORT 5 Total 5958583 08 6 Deduct premiums and bills in course of collection at this date 731766 57 7 Entire premiums collected during the year 5226816 51 8 Deduct reinsurance and return premiums 1366588 46 9 Net cash actually received for premiums carried out 3 10 Received for interest on bonds and mortgages deposit premiums received on perpetual risks 259950 less returns 14200 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 4 VEXPENDITURES DURING THE YEAR Fire Risk 1 Gross amount actually paid for losses in cluding 30514420 losses occurring in previous years 2239603 17 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1850468 and all amounts actually received for reinsur ance in other companies 33161008 total deductions 350114 76 3 Net amount paid during the year for losses 1 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 advt stationery exchange postage telegraph express fur niture maps Underwriters Association and incident als 10 Amount sent to home office during the 825907 60 yearv Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 23 Fire risks written Premiums received gross Losses paid Losses incurred 14s 860228 05 2457 50 209857 95 072543 50 889488 41 761173 45 281338 00 110699 39 185904 88 228604 13 074091 00 67026 75 23349 22 20593 52 144 COMPTROLLERGENERALS REPORT NORTH GERMAN FIRE INSURANCE COMPANY OP NEW YORK N Y Adolph Loeb President Louis L Loeb Secretary Principal Office 2 Liberty Street J T Dabgan Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 968 41 13 Cash belonging to the company deposited in bank 42046 59 15 17 Total cash items Interest due and accrued on bonds and mortgages Cash in hands of agents and in course of transmission All other assets both real and personal viz Certificate of deposit payable on demand 48500 00 359588 75 43015 00 394S 72 116682 48 30000 00 Total assets of the company actual cash market value 601734 95 IIILIABILITIES 1 Losses unpaidnot yet due 1417 61 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 34903 84 3 Losses resisted including interest cost and other expenses thereon liability de nied 1494 02 4 Total gross amount of claims for losses 37815 47 5 Deduct reinsurance thereon 6494 95 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 55192943 un earned premiums fifty per cent 275964 71 31320 52COMPTROLLERGENERALS REPORT 145 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 982797 un earned premiums pro rata 6243 91 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 and 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 Fire Kisk 4 Gross premiums on risks written and re newed during the year 878099 83 8 Deduct reinsurance and return premiums 423737 15 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds and from all other sources 15 Aggregate amount of income actually received during the year in cash 282208 62 313529 14 200000 00 200000 00 88205 81 601734 95 454362 68 12397 34 466760 02 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 6122327 losses occurring in previous years 381687 09 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 139515 and all amounts actually received for reinsur ance in other companies 14073104 total deductions 142126 17 3 Net amount paid during the year for losses 239560 92 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 12000 00 6 Paid for commissions or brokerage 89897 72 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 4279 39 8 Paid for State national and local taxes in this and other States 11475 50 10 in146 COMPTROLLERGENERALS REPORT 9 All other payments and expenditures viz Printing and stationery 89517 rent 139453 adv and subs 1 05150 pos tel and exp 31175 maps 98700 travel exp 103352 bd and fire patrol 623466 total 12578 23 Aggregate amount of actual expenditures during the year in cash 36979176 Business in the State of Georgia during the year Fire Ri s Losses paid 7523 73 Losses incurred 5927 49 NORTH RIVER FIRE INSURANCE COMPANY OF NEW YORK N Y William E Hutchins President Frederick H Chum Secretary Principal Office 9397 William Street Jacob Haas Atlanta Attorney for Service in Georgia 1CAriTAI 1 Whole amount of capital stock 350000 00 2 Amount paid up in cash 350000 00 IIASSETS 1 Market value of rear estate owned by the company less the amount of incumbrances thereon 473930 63 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 154900 00 3 Interest due on all said bond and mortgage loans 37500 interest accrued thereon 191645 total 2291 45 4 Value of lands mortgaged exclusive of buildings and perishable improvements 224400 00 5 Value of buildings mortgaged insured for 12747500 as collateral 127475 00 6 Total value of said mortgaged premises carried inside 351875 00 7 Amount of other loans 9000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 638781 25 11 Total amount loaned on stocks and bonds and all other securities except mortgages 9000 00 13 Cash belonging to the company deposited in bank Wash ington Trust Co 720129 United States Mortgage Trust Co 2000000 Title Guarantee Trust Co 25 00000 Kings County Trust Co 2000000 Merchants Exchange National Bank 11496971 total 187171 00COMPTROLLERGENERALS REPORT 147 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 as per schedule attached viz Rents due and accrued 305066 due from other companies for reinsurance on losses already paid 197218 total 2382 90 120 00 385236 55 5022 84 Total assets of the company actual cash market value 1858836 62 IIILIABILITIES 1 Losses due and unpaid 16496 49 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 79720 89 3 Losses resisted including interest costs and other expenses thereon 8975 00 4 Total gross amount of claims for losses 105192 38 5 Deduct reinsurance thereon 23618 25 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 97180870 un earned premiums fifty per cent 474051 88 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 57730535 unearned premiums pro rata 346478 77 11 Total unearned premiums as computed above carried out 15 Dividends declared and remaining unpaid or uncalled for 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions on unpaid premiums 9026934 return premiums 1285264 reinsurance 4023306 81574 13 820530 65 447825 143355 04 20 Total amount of all liabilities except capital stock and net surplus 1049938 07 21 Joint stock capital actually paid up in cash 350000 00 23 Surplus beyond capital and all other liabilities 458898 55 24 Aggregate amount of all liabilities including capital paid up and net surplus 1858836 62 148 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR Fire 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 238734 64 2 Deduct amount of same not collected 11438 50 3 Net collected 227296 14 4 Gross premiums on risks written and re newed during the year 2005095 51 5 Total 223239165 6 Deduct premiums and bills in course of collection at this date 385236 55 7 Entire premiums collected during the year 1847155 10 8 Deduct reinsurance and return premiums 592514 83 9 Net cash actually received for premiums carried out 1254640 27 10 Received for interest on bonds and mortgages 5173 51 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 24418 78 12 Income received from all other sources omitting increase if any in value of securities viz Rents 3768277 total 49519 78 15 Aggregate amount of income actually received during the year in cash 1333752 34 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 6356401 losses occurring in previous years 649419 58 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 860782 and all amounts actually received for reinsur ance in other companies 11786861 to tal deductions 126476 43 3 Net amount paid during the year for losses 522943 15 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 31 50000 32212 75 6 Paid for commissions or brokerage 384530 27 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 104930 89 8 Paid for State national and local taxes in this and other States 30254 70 9 All other payments and expenditures 73854 78 Aggregate amount of actual expenditures during the year in cash 1148726 54COMPTROLLERGENERALS REPORT 149 Business in the State of Georgia during the year Fire risks written 1195207 00 Premiums received gross 24218 19 Losses paid 3647 52 Losses incurred 11222 60 UNITED STATES BRANCH OF THE NORTHERN ASSURANCE COMPANY H E Wilson General Manager Principal Offices in the United States 38 Pine Street New York 642 Monadnock Block Chicago ICAPITAL STOCK Amount of capital paid up in cash 1500000 00 Statutory deposit 200000 00 Amount of ledger assets as per balance December 31 of previous year 4043922 69 Extended at 4043922 69 IIINCOME Fire Risks 1 Gross premiums 3713102 29 2 Deduct reinsurance rebate abatement and return premiums 1275655 61 Total premiums other than perpetuals 2437446 68 Interest on bonds and dividends on stocks 116252 50 Interest from all other sources 1473 27 Gross rents from companys property in cluding 700000 for companys own oc cupancy 7000 00 10 Total interest and rents 12 From all other sources Received from head office during the year 124725 77 1067 72 13 Total income 2563240 17 IIIDISBTJBSEMENTS 1 Gross amount paid for losses including 18605439 occurring in previous years 2 Deduct amount received for salvage 15 98383 and for reinsurance in other companies 27528565 Fire Risks 1457249 99 291269 48 Net amount paid for losses 1165980 51150 COMPTROLLERGENERALS REPORT 8 Commissions or brokerage 539755 10 9 Salaries fees and all other charges of officers clerks agents and other employees 153493 88 10 Rents including 700000 for companys own occupancy 16603 36 11 Repairs and expenses other than taxes on real estate 429 83 12 Taxes on real estate 2497 55 13 All other taxes licenses and insurance department fees 76631 22 15 All other disbursements Advertising printing and sta tionery 2430181 legal expenses 68900 miscella neous 18390044 208891 25 Remitted to head office during the year 578495 95 16 Total disbursements 2742778 65 IVLEDGEK 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 14371 deposited in banks 17015328 170296 99 6 Agents balances representing business written subse quent to October 1 1905 391117 37 7 Agents balances representing business written prior to October 1 1905 38725 79 9 Bills receivable taken for fire risks 30702 50 11 Total ledger assets 3864384 21 NONLEDGEB ASSETS 13 Interest due 100000 and accrued 767472 on bonds and stocks S67 72 18 Market value of real estate over book value 50000 00 21 Gross assets 3923058 93 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 1 1905 38725 79 5 Bills receivable past due taken for fire risks 30702 50 7 Depreciation from book value of ledger assets to bring same to market value 38659 06 8 Total 108087 35 9 Total admitted assets 3814971 58COMPTROLLERGENERALS REPORT 151 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 3 Gross claims for losses resisted 24584 74 146439 85 40110 73 4 Total 211135 32 5 Deduct reinsurance due or accrued 3176 64 6 Net amount of unpaid losses and claims 207958 68 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 inter est premiums on perpetual fire risks 2 09625387 unearned premiums fifty per cent 1048126 93 8 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 207287821 un earned premiums pro rata 1146695 43 12 Total unearned premiums as computed above 2194822 36 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 5 21 Return premiums 2984805 reinsurance premiums 6 65195 36500 00 24 Total amount of all liabilities except statutory deposit andcapital 2442212 49 25 Statutory deposit 200000 00 27 Surplus over all liabilities 1172759 09 28 Surplus as regards policyholders 1372759 09 29 Total liabilities 3814971 58 Business in the State of Georgia during the year Risks written fireI 4621056 00 Gross premiums received excluding only 902184 of cancel lation and 189318 premiums on risks reinsured 45663 12 29921 66 Lossespaid Losses incurred 152 COMPTROLLERGENERALS REPORT UNITED STATES BRANCH OF THE NORWICH UNION FIRE INSUR ANCE SOCIETY OF ENGLAND J Montgomery Habe Manager for the United States 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 balance December 31 of previous year 2638045 41 Extended at 2638045 41 IIINCOME 1 Gross premiums 2736230 96 2 Deduct reinsurance rebate abatement and return premiums 632283 04 3 Total premiums other than perpetuals 2103947 92 5 Interest on mortgage loans 1800 00 7 Interest on bonds and dividends on stocks 81473 55 10 Total interest and rents 11 Profit on sale or maturity of ledger assets appreciation in value of stocks and bonds sold 83273 55 5050 25 13 Total income 2192271 72 IIIDISBURSEMENTS Fire Risk 1 Gross amount paid for losses including 16477845 occurring in previous years 1278099 31 2 Deduct amount received for salvage 13 19917 and for reinsurance in other companies 13383398 147033 15 3 Net amount paid for losses 1131066 16 8 Commissions or brokerage 427549 89 9 Salaries fees and all other charges of officers clerks agents and other employees 153800 91 10 Rents 17511 48 13 All other taxes licenses and insurance department fees 62528 11 15 All other disbursements Advertising and stationery 2085109 maps furniture and fixtures 2378854 miscellaneous 6905493 cash remitted to home office 27435614 388050 70 16 Total disbursements 2180507 25COMPTROLLERGENERALS REPORT 153 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 40000 00 4 Book value of bonds excluding interest 141135550 and stocks 59554633 2006901 83 5 Cash in companys office 211166 deposited in banks 34534218 347453 84 6 Agents balances representing business written subse quent to October 1 1905 246773 33 7 Agents balances representing business written prior to October 1 1905 7160 60 10 Other ledger assets viz Cash in hands of special agents 1520 28 11 Total ledger assets NONLEDGEB ASSETS 12 Interest due and accrued on mortgages 150 00 13 Interest due and accrued on bonds and stocks 22000 14 2649809 17 19 20 Total 22150 14 Market value not including interest in item 13 of bonds and stocks over book value 93080 17 Other nonledger assets viz Reinsurance due but uncol lected on losses paid viz Assurance Company of America N Y 1645 Empire City N Y 32705 Indemnity N Y 17673 Northern Assurance Eng land 826 New York Fire N Y 23265 Nassau N Y 095 Phenix N Y 23266 Prussian National Germany 1542 Peter Cooper N Y 095 United States N Y 233 North River N Y 52909 1542 54 21 Gross assets 2766582 73 DEDUCT ASSETS NOT ADMITTED 25 Agents balances representing business written prior to October 1 1905 7160 60 30 Total admitted assets 2759422 13 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 43453 35 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 74024 65 3 Gross claims for losses resisted 15085 40 4 Total 132563 40 5 Deduct reinsurance due or accrued 17346 33 6 Net amount of unpaid losses and claims 115217 07154 COMPTROLLERGENERALS REPORT 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 interest premiums on perpetual fire risks 1 52817484 unearned premiums fifty per cent 764087 43 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 178576939 unearned premiums pro rata 956584 42 12 Total unearned premiums as computed above 1720671 85 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 23253 62 20 Commissions brokerage and other charges due or to be come due to agents and brokers 8481 95 24 Total amount of all liabilities except capital 1867624 49 26 Surplus over all liabilities 891797 64 28 Total liabilities 2759422 13 Business in the State of Georgia during the year Risks written fire 4655516 00 Premiums received 52797 10 Losses paid 14497 13 Losses incurred 14151 05 ORIENT FIRE INSURANCE COMPANY OF HARTFORD Archibald G McIlwainr Jr President James Wypek Secretary Principal Office 2022 Trinity Street Hartford Conn Robert A Hancock Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 500 000 00 2 Amount paid up in cash 500000 00 IIassetb 1 Market value of real estate owned by the company less the amount of iacumbrances thereon 134807 65 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1703106 85COMPTROLLERGENERALS REPORT 155 12 13 15 Cash in companys principal office 5460 82 Cash belonging to company deposited in bank 366956 13 Total cash items Interest due and accrued on bonds not included in market value uncollected 16 Interest due and accrued on other assets 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for Are marine and inland risks All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 125929 due from other companies 8729 Total assets of the company actual cash market value 372416 95 2653 10 333 33 176351 47 39 13 1346 58 2415014 96 IIILIABTLITIES 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 21723 HO 76955 00 12285 00 U09ti3 00 24310 59 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all un expired Are risks running one year or less fromdate of policy 109942713 unearned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 79074914 unearned premiums pro rata 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneons expenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 72791 reinsurance 769045 less commissions due 196415 600777 52 395374 57 8665 41 996152 09 3798 09 6454 20156 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except capital stock and net surplus 1093058 79 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 821958 17 1321958 17 24 Aggregate amount of all liabilities including capital paid up and net surplus 2415014 96 IVINCOME DURINO THE YEAH Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 217411 70 3 Net collected 217411 70 4 Gross premiums on risks written and re newed during the year 1614722 18 5 Total 1832133 88 fi Deduct premiums and bills in course of collection at this date 233388 38 Entire premiums collected during the year 1598745 50 Deduct reinsurance and return premiums 491001 29 11 15 Net cash actually received for premiums carried out Received for interests and dividends on stocks and bonds collateral loans and from all other sources Aggregate amount of income actually received during the year in cash 1107744 21 71292 87 1179037 08 EXPENDITURES DURING THE YEAH 1 Gross amount actually paid for losses includ ing 9689394 losses oc curring in previous years 2 Deduct all amounts actu actually received for salvages whether on losses of the last or of previous year J8 46673 and all amounts actually received for re insurance in other com panies 1 1058596 total deductions 3 Net amount paid during the year for losses Fire Risks 653696 58 118920 53 Marine and Inland Risks 277 60 132 16 534776 05 145 44 534921 49 COMPTROLLERGENERALS REPORT 157 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 245037 26 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 59617 64 8 Paid for State national and local taxes in this and other States 16 937 62 9 All other payments and expenditures viz Agents licenses 782795 municipal licenses 440898 taxes on franchises 5544 miscellaneous 5725612 rents 437200 total 73920 49 Aggregate amount of actual expenditures during the year in cash 1030434 50 Business in the State of Georgia during the year Fire risks written 2172507 00 Premiums received gross 26289 94 Losses paid 9381 39 Losses incurred 8206 39 PALATINE INSURANCE COMPANY LIMITED OF LONDON ENGLAND A H Whay Manager Principal office in United States corner Pine and William Streets New York City John A Whitner Atlanta Attorney for Service in Georgia nASSETS 9 Total par and market value of stocks and bonds owned absolutelyby the company carried out at market value 1877250 00 12 Cash in companys principal officeI 4449 52 13 Cash belonging to the company deposited in bank viz Morton Trust Company N Y 10147542 American Exchange National Bank N Y 6177664 Crocker Woolworth National Bank San Fran cisco 3689599 200148 05 Total cash items 204597 57 15 Interest due and accrued on bonds not included in mar ket value uncollected 1940 84 17 Cash in hands of agents and in course of transmission 260812 65 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Commercial Union of London 107533 Com mercial Union of New York 253340 3608 73 Total assets of the company actual cash market value I 2348209 79158 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses unpaid 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 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 14529 00 105079 00 24558 00 144166 00 88600 00 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 1078266 64 un earned premiums fifty per cent Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 100092156 unearned premiums pro rata 105566 00 539133 32 562105 39 11 Total unearned premiums as computed above car ried 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 Commissions 3263652 return premi ums 701149 reinsurance 3539717 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAK Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 273782 33 3 Net collected 273782 33 4 Gross premiums on risks written and re newed during the year 2076693 37 1101238 71 2905 47 75045 18 1063454 43 2348209 79 5 Total 2350475 70 6 Deduct premiums and bills in course of collection at this date y67821 16COMPTROLLERGENERALS REPORT 159 7 Entire premiums collected during the year 2082654 54 8 Deduct reinsurance and return premiums 661326 29 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 EXPENDITURES DURING THE YEAR Gross amount actually paid for losses 1 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies Fire Risks 828954 80 164381 15 10 Net amount paid during the year for losses Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents an all other employees Paid tor State national and local taxes in this and other States All other payments and expenditures viz Rents travel postage printing and stationery etc total Amount sent to home offices during the year 52939 27 Aggregate amount of actual expenditures during the year in cash 1421328 25 56650 85 1477979 10 Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 664573 65 308213 44 79212 64 4830 03 80283 56 1176113 32 2895031 00 J78i2 08 13949 41 14449 41 PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILVDEL PHIA PENNSYLVANIA R Dale Benson President W Gardner Crowell Secretary Principal office 510 Walnut Street ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 400000 00 160 COMPTROLLEKGENERALS report IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 142500 00 2 Loans on bond and mortgage duly recorded and being 611900 00 3 Interest due on all said bond and mortgage loans 18750 interest accrued thereon 433360 total 4521 10 5 Value of buildings mortgaged insured 9 Total par and market value of stocks and bonds owned absolutely by the company and carried out at market 5091050 00 11 Total amount loaned on stocks bonds and all other 12 securities except mortgages 561200 00 Cash in companys principal office 1256 43 13 Cash belonging to the company deposited in bank Western National 89968 34 Philadelphia National 45198 90 total 135167 24 16 Interest due and accrued on collateral loans and uncol 17 4 515 80 Uash in hands of agents and in course of transmission 441929 12 Total assets of the company actual cash market 7024039 69 IIILIABILITIES 1 Losses due and unpaid 12608 53 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 194454 10 3 Losses resisted including interest costs and other expenses thereon 11608 73 4 Total gross amount of claims for losses 218671 36 5 Deduct reinsurance thereon 18396 00 6 Net amount of unpaid losses 200275 36 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 1202942011 un earned premiums fifty per cent 1014710 05 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 288579470 unearned premiums pro rata 1520295 59 11 Total unearned premiums as computed above carried out 2535005 64COMPTROLLERGENERALS REPORT 161 111 20 21 23 24 All other demands against the company absolute and con tingent due and to become due admitted and contest ed viz Amount reclaimable by the insured on per petual fire insurance policies being 95 per cent of the premium of deposit received 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 IVINCOME DURING THE YBAE On Fire Risks Gross premiums and bills in course of collection at close of last previous year as shown by that years statement Net collected Gross premiums on risks written and re newed during the year Total Deduct premiums anu bills in course of collection at this date gross 446166 92 446166 92 3805633 11 4251800 03 441929 12 7 Entire premiums collected during the year 3809870 91 8 Deduct reinsurance and return premiums 848181 77 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 542699 Total 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses 1560752 51 2 Deduct all amounts actually received for salvages whether on losses of the iast or of previous year 115286 52 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year JJ n 884207 08 3619488 08 400000 00 3004551 61 7024039 69 2961689 14 28337 95 211184 43 7982 06 247504 44 3209193 58 1445465 99 120000 CO162 COMPTROLLERGENERALS REPORT 6 Paid for commissions or brokerage 593446 71 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 180000 00 8 Paid for state national and local taxes in this and other states 81832 25 9 All other payments and expenditures 188664 89 Aggregate amount of actual expenditures during the year in cash 2609409 84 Business in the Stale of Georgia during the year Fire risks written 3074219 00 Premiums received gross 57073 13 Losses paid 22888 19 Losses incurred 25474 53 PHENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y Geo P Sheldon President Chas F Kostee Secretary Principal Office 16 Court Street Brooklyn N Y 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 568000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 46600 00 3 Interest due on all said bond and mortgage loans 20000 interest accrued thereon fSOOOO 1000 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 27750 00 5 Value of buildings mortgaged insured for 5700000 as collateral 63500 00 6 Total value of said mortgaged premises carried inside 91250 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 6607798 00 12 Cash in companys principal office 1033 33 13 Cash belonging to the company deposited in bank National Park Bank New York 28523349 Chatham National Bank New York 20537523 Liberty National Bank New York 12437547 COMPTROLLERGENERALS REPORT 163 National City Bank Brooklyn N Y 250000 Peoples Trust Company Brooklyn N Y 2523491 total 642719 10 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission All other Assets both real and personal viz Rents due and accrued Total assets of the Company actual cash market value 643752 43 9524 39 917666 64 3362 43 8859128 89 LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 11 17 19 20 21 23 24 394750 16 28465 00 423215 16 24447 23 767 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 360317922 unearned premiums fifty per cent 1801589 56 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 1669763256 unearned premiums pro rata3547154 73 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 241831 reinsurance 435685 total Total amount of all liabilities except capital stock and joripitaiaciypaidin 15000 00 Suplus beyond capital and all other liabilities2100509 Aggregate amount of all liabilities including capital paidupand net surplus 5348744 29 4332 00 6775 16164 COMPTROLLERGENERALS REPORT TO BE ANSWERED BY COMPANIES DOING AN INSTALLMENT BUSINESS Amount of unearned premiums repre sented by installment notesbeing the whole amount of such notes 151404 29 IVINCOME DURING THE YEAS Fire Risks 7 Entire premiums collected during the year 7362055 87 8 Deduct reinsurance and return premiums 1361231 19 12 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 olher sources Income received from all other sources omitting in crease if any in value of securities viz Rents 40 85671 profit on sale or maturity ledger assets 53 97275 sale real estate 21518 total 5998424 2260 i8 35 218407 92 95044 64 15 Aggregate amount of income actually received during the year in cash 6314137 59 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 34405496 losses occurring in previous years 1 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1993917 and all amounts actually received for reinsur ance in other companies 21253598 total deductions Fire Risks 3186713 69 S 9 232475 15 3 Net amount paid during the year for losses 2954238 54 4 Cash dividends actually paid stockholkers 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 Paid for State national and local taxes in this and other States All other payments and expenditures viz Furniture and fixtures 271412 postage express telegrams exchange etc 56188804 printing stationery and advertising 7547725 traveling expenses 12054722 legal expenses 751897 miscellaneous 20531360 total 150000 00 1177683 33 441S19 76 217772 51 Aggregate amount of actual expenditures during the year in cash 473459 20 5414973 34COMPTROLLERGENERALS REPORT 165 Business in the State of Georgia during the year Fire risks written 8266111 00 Premiums received gross 191730 75 Losses paid 75386 98 Losses incurred 86498 38 PHCENIX FIRE ASSURANCE COMPANY LIMITED OF LONDON ENGLAND A D Irvtxg Manager A D Irving Jr Secretary Principal Office in United States 47 Cedar Street New York Edgar Dunlap Atlanta Attorney for Service in Georgia 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2837127 47 12 Cash in companys principal office 750 39 13 Cash belonging to the company deposited in bank The New York Life Insur ance and Trust Co 140272 Ameri can Exchange National Bank N Y 32002052 Corn Exchange National Bank Chicago 111 26431 total 321687 55 Total cash items 322437 94 15 Interest due and accrued on stocks not included in market value uncollected 37185 40 17 Cash in hands of agents and in course of transmission 254110 47 All other assets both real and personal 4150 89 Total assets of the company actual cash market value 3455012 17 IIILIABILITIES 1 Losses due and unpaid 33588 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 148368 00 3 Losses resisted including interest costs and other expenses thereon 16096 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy un earned premiums fifty per cent 198025 00 49664 00 929389 26 148361 00166 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 9 Excess of original premiums over amount received for reinsurance 939605 04 491 20 11 Total unearned premiums as computed above carried out 1869485 50 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 2676 45 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance premiums 44539 61 20 Total amount of all liabilities except capital stock and net surplus 2065062 56 23 Surplus beyond capital and all other liabilities 1389949 61 24 Aggregate amount of all liabilities including capital paid up and net surplus 3455012 17 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 158326 76 3 Net collected 158326 76 4 Gross premiums on risks written and re newed during the year 3666772 88 5 Total 3825099 64 6 Deduct premiums and bills in course of collection at this date 254 110 47 7 Entire premiums collected during the year 3570989 17 8 Deduct reinsurance and return premiums 1220780 40 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 Total 14 Amount of remittances from home office during the year 15 Aggregate amount of income actually received during the year in cash 2350208 77 95195 92 2445404 69 156981 62 2602386 31COMPTROLLERGENERALS REPORT 167 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 26850564 losses occurring in previous years 1738166 09 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1574415 and all amounts actually received for reinsur ance in other companies 34149754 total deductions 357241 69 3 Net amount paid during the year for losses 1380924 40 6 Paid for commissions or brokerage 459151 69 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 180475 81 8 Paid for state national and local taxes in this and other states 79046 10 9 All other payments and expenditures viz Rent 24 56774 postage telegrams and express 12009815 advertising printing and stationery 1840814 sun dries 8710736 total 2249779 39 10 Amount sent to home office during the year167689 39 Aggregate amount of actual expenditures during the year in cash 2417468 78 Business in the State of Georgia during the year Fire risks written 2709511 00 Premiums received gross 29916 96 Lossespaid 20446 86 Losses incurred 18348 86 PHOZNIX INSURANCE COMPANY OF HARTFORD CONN D W C Skilton President Edward Milligan Secretary Principal Office No 783 Main Street Hartford Connecticut C C Hatcher 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 311904 5617082 39 Extended at 5617082 39168 COMPTROLLERGENERALS REPORT IIINCOME As shown by the books at homeoffice at close of business DecemberSl 1905 Fire Risks 1 Gross premiums 4955341 87 2 Deduct reinsurance rebate abatement and return premiums 897293 40 3 Total premiums other than perpetuals 4058048 47 5 Interest on mortgage loans 5995 42 6 Interest on collateral loans 837 50 7 Interest on bonds and dividends on stocks 249589 41 9 Gross rents from companys property 11952 04 10 Total interest and rents 268374 97 11 Profit on sale or maturity of ledger assets 14733 62 13 Total income 4341157 06 IIIDISBURSEMENTS As shown by the booksat home office atclose of business December 311905 Fire Risks 1 Gross amount paid for losses Including 34082891 occurring in previous years 2021534 22 2 Deduct amount received for salvage 19 91050 and for reinsurance in other com panies 15825183 178198 33 3 Net amount paid for losses 1843335 89 5 Paid stockholders for interest or dividends amount de clared during the year including taxes 283000 00 s Commissions or brokerage 811829 06 9 Salaries fees and all other charges of officers clerks agents and other employees 2326S7 98 10 Rents for home and branch offices 18603 16 11 Repairs and expenses other than taxes on real estate 5970 43 12 Taxes on real estate 4020 55 13 All other taxes licenses and insurance department fees 94SDL 01 14 Loss on sale or maturity of ledger assets 24924 24 15 All other disbursements Advertising printing and stationery 3540974 legil expense 339491 miscel laneous expense 33107534 369939 99 10 Total disbursement 3689209 31 IVLEDGER ASSETS 1 Book value of real estate unincumbered 148944 04 2 Mortgage loans on real estate 89486 Oti 3 Loans secured by pledge of bonds stocks or other collaterals 90C0 00 4 Book value of bonds excluding interest 268407002 and stocks 249747117 5181541 19COMPTROLLERGENERALS REPORT 169 5 Cash in companys office 1422048 de posited in bank Hartford National Bank Hartford 16180296 Hartford Trust Co Hartford S2o00000 Metro politan Trust Company New York 27380019 The Bank of Liverpool England 6391953 6 Agents balances representing business written subsequent to October 1 1905 7 Agents balances representing business written prior to October 1 1905 52874316 309614 62 1699 87 11 Total ledger assets 6269030 14 12 13 14 15 16 17 18 19 20 21 4 NONLEDGER ASSETS Interest due 27600 and accrued 2120 32 on mortgages 2396 32 Interest due and accrued on bonds and stocks 44989 00 Interest due and accrued on collateral loans 225 00 Interest due and accrued on other assets 2500 00 Rents due and accrued on companys property or lease Wfi 58 51016 90 Total Market value of real estate over book value Market value of bonds and stocks over book value Other nonledger assets viz Gross premiums in course of collection which have not been carried to ledger account 459S1291 Reinsurance due fromother com panies on losses paid 846304 Gross assets DEDUCT ASSETS NOT ADMITTED Agents balances representing business written prior to October 1 1905 6320047 04 4491 00 1349516 31 401275 95 9 Total admitted assets 8142330 30 1699 87 8140630 43 LIABILITIES Gross losses adjusted and unpaid not yet due 80502 74 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 265097 46 Gross claims for losses resisted 27117 00 Total Deduct reinsurance due or accrued 372717 20 26512 83 6 Net amount of unpaid losses and claims 346204 37170 COMPTROLLERGENERALS REPORT 7 Gross premiums less reinsurance re ceived and receivable upon all unex pected Are risks running one year or less from date of policy including in terest premiums on perpetual Are risks 278202851 unearned premiums fifty percent 1391014 26 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired Are risks running more than one year from date of policy 347286585 unearned premiums pro rata 1874952 48 12 Total unearned premiums as computed above 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Return premiums 4456547 reinsurance premiums 1824211 24 Total amount of all liabilities except capital 25 Capital actually paid up in cash 2000000 00 26 Surplus over all liabilities 2382270 52 27 Surplus as regards policy holders 28 Total liabilities 3265966 74 83381 22 62807 58 3758359 91 4382270 52 8140630 43 Business in the State of Georgia during the year Fire risks written Premiums received Losses p aid Losses incurred 5454566 00 68047 79 26947 37 29224 49 PRUDENTIAL FIRE INSURANCE COMPANY OF WEST VIRGINIA J T Dahqan President Robt N Hughs Secretary Principal Office Blue Field West Virginia Chief Office Empire Building Atlanta Ga known as Home Office Edwd S McCandless Atlanta Attorney for Service in Georgia iCAPITAL 1 Whole amount of capital stock 350000 00 2 Amount paid up in cash 100000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 2500 00 3 Interest accrued on all said bond and mortgage loans 32 50COMPTROLLERGENERALS REPORT 171 4 Value of lands mortgaged exclusive of buildings and perishableimprovements 5000 00 5 Value of buildings mortgaged insured for 400000 as collateral 7000 00 6 Total value of said mortgaged premises carried inside 12000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at marketvalue 426795 00 12 Oasli in companys principal office 21523 36 13 Cash belonging to the company deposited in bank First NationalBlue FieldWest Virginia 965774 Equitable Trust Co Augusta Ga 750000 total 17157 74 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for Are marine and inland risks All other assets both real and personal viz Accrued interest Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 211103 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 5603 00 4 Total gross amount of claims for losses 7714 03 5 Deduct reinsurance thereon 144555 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all un expired Are risks running one year or less from date of policy 36791756 unearned premiums fifty per cent 183958 78 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 30049152 unearned premiums pro rata140629 55 11 Total unearned premiums as computed above carried out 38681 10 1699 39 47148 87 2037 73 46 00 518940 59 6268 48 324588 33172 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except capital stock and net surplus 330856 81 21 Joint stock capital actual paid up in cash 100000 00 23 Surplus beyond capital and all other liabilities 88083 78 24 Aggregate amount of all liabilities including capital paid up and net surplus 518940 59 QUEEN INSURANCE COMPANY OF AMERICA NEW YORK Edward F Bkddell President Nevett S Bartow 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 if 71000 00 3 Interest due and accrued on all said bond and mortgage loans 1308 28 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 108500 00 5 Value of buildings mortgaged insured for 7350000 as collateralJ 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 6066854 79 12 Cash in the companys principal office 4412 14 13 Cash belonging to the company deposited in bank Farm ers Loan and Trust Co New York N Y 8000000 Corn Exchange Bank New York N Y 4989078 Royal Trust Co Chicago Ills 433677 Atlanta Na tional Bank Atlanta Ga 810421 First National Bank San Francisco Cal 28741 Dominion Bank Montreal Can 1194383 Bank of British North America Halifax N S 481298 159375 98 15 Interest due and accrued on stocks and bonds not includ ed in market value uncollected 75655 24 li Aaents balames representing business written subse quent to October 1 1905 462040 Sq All other assets both real and personal viz Due from olher companies for reinsurance on losses already paid 309 l4 Total assets of the company actual cash market value 6841016 55COMPTROLLERGENERALS REPORT 178 LIABILITIES 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 3 Losses resisted including interest costs and other ex penses thereon 235852 07 44799 79 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 280651 86 27063 63 6 Net amount of unpaid losses S 1230352 49 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 246070499 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 dte of policy 274976566 unearned premiums pro rata 1485600 36 11 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due and to become due 994308 return premiums 708788 reinsurance 3463337 total 253588 23 17 19 2715952 85 79125 38 51664 33 20 Total amount of all liabilities except capital stock and net surplus 3100330 79 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 2740685 76 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 4542538 55 8 Deduct reinsurance and return premiums 1103317 60 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages If Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 6000 profit on sale or maturity of ledger assets 1342517 total 3439220 95 2890 00 216832 76 13485 17 15 Aggregate amount of income actually received during the year in cash 3672428 88174 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 23789724 losses occurring in previous years 1904929 20 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1603175 and all amounts actually received for reinsu rance in other companies 15999039 total deductions 176022 14 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 28 38031 advertising postage and stationery 4034946 legal expenses 141496 furniture and fixtures 3 28140 miscellaneous expenses 13091373 amount written off ledger assets to profit and loss account bonds Aggregate amount of actual expenditures during the year in cash 1728907 06 100000 00 634027 41 246116 57 84453 20 250637 1 1 3044141 35 Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid gross Losses incurred gross 7142472 00 126526 87 33619 55 29774 55 ROCHESTER GERMAN FIRE INSURANCE COMPANY OF ROCHES TER NEW YORK Eugene Satterlee 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 200000 00 200000 00 200000 00 IIASSETS 1 Market value of real estate owned by the company less theamount of incumbrances thereon f 553314 60COMPTROLLERGENERALS REPORT 175 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 295 694 19 3 Interest due on all said bond and mortgage loans 1 15850 interest accrued thereon 572704 total 6885 54 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 536200 00 11 Total amount loaned on stocks and bonds and all other securities except mortgages 9 000 00 12 Cash in companys principal office 1397 81 13 Cash belonging to the company deposited in bank German American bank 12085118 Bank of Montreal Ottawa Can 99846 Bank of British North America San Francisco Cal 476086 total 126610 50 Net cash items 128008 1 15 Interest due and accrued on stocks not included in market value uncollected 4 947 07 17 Cash in hands of agents and in course of transmission 147583 09 Total assets of the company actual cash market value 1681632 0 IIILIABILITIES 1 Losses due and unpaid 9400 68 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 68006 15 3 Losses resisted including interest cost and other expenses thereon 18023 43 4 Total gross amount of claims for losses 95430 26 5 Deduct reinsurance t hereon 36 225 43 6 Net amount of unpaid lossesf 59204 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 81814300 un earned premiums fifty per cent 409071 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 89365878 unearned premiums pro rata 483871 99 11 Total unearned premiums as computed above carried out 892943176 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commissions due agents 20 Total amount of liabilities except capital stock and net surplus 21 Joint stock capital actually paid up in cash 1075 8S 953224 20 200000 00 23 Surplus beyond capital and all other liabilities 528408 60 24 Aggregate amount of all liabilities including capital paid up and net surplus 1681632 80 IVINCOME DURING THE YEAR Fire Risks 3 Net collected 143240 04 4 Gross premiums on risks written and re newed during the year 1714752 96 5 Total 6 Deduct premiums and bills in course of collection at this date 1857993 00 147583 09 7 Entire premiums collected during the year 1710409 91 8 Deduct reinsurance and return premiums 595708 02 9 Net cash actually received for premiums carried out 111I1 89 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 8 11502 profit and loss account 517 profit in sale or maturity of ledger assets 853284 total 15 Aggregate amount of income actually received during the year in cash 15745 80 21615 45 16653 03 1168716 17 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 7142987 losses occurring in previous years 728585 94 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 584281 and all amounts actually received for reinsu rance in other companies 19183400 total deductions 19767681COMPTROLLERGENERALS REPORT 177 3 Net amount paid during the year for losses 530909 13 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20000 00 6 Paid for commissions or brokerage 300380 03 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 38007 37 8 Paid for State national and local taxes in this and other States 37417 73 9 All other payments and expenditures viz Printing and stationery account 812506 expense account 8248101 90606 07 Aggregate amount of actual expenditures during theyear 1017320 33 Business in the State of Georgia during the year Fire risks written 933587 00 Premiums received gross 17091 44 Losses paid 15646 75 Losses incurred 8309 92 ROYAL EXCHANGE ASSURANCE OF LONDON ENGLAND W C Crosby General Manager Principal office 92 William St New York Edwakd E Paschall Atlanta Attorney for Service in Georgia 1CAPITA 1 Whole amount of capital stock deposit capital 200000 00 nASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1826906 25 12 Cash in companys principal office 2340 56 13 Cash belonging to the company deposited in bank viz Brown Bros N Y 43 09655 Baring Magoor Co and Ne vada Nat Bank S F 6883596 111932 51 Total cash items 114273 07 15 Interest due and accrued on stocks and bonds not in cluded in market value uncollected 15481 59 17 Cash in hands of agents and in course of transmission 197335 27 All other assets both real and personal viz Special deposit Philadelphia 10000 Aust Ph Ins Co 1 18870 Concordia Ins Co 4178 Spring Garden 4 52982 current expenses 5860 30 Total assets of the company actual cash market value 2159856 48 13 in178 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 3000 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 156934 00 3 Losses resisted including interest costs and other expenses thereon 12317 00 4 Total gross amount of claims for losses 172251 00 5 Deduct reinsurance thereon 81350 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 90390308 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 106304292 unearned premiums pro rata 9 Excess of original premiums over amount received for reinsurance 596584 un earned premiums pro rata 451951 54 557026 51 1444 34 11 Total unearned premiums as computed above car ried out 1010422 9 14 Amount of dividends declared but not yet due inter est due 1364 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 2746 37 18 Am unt of borrowed money reinsurance premiums 4428195 20 Total amount of all liabilities except capital stock and net surplus 1149716 13 23 Surplus beyond capital and all other liabilities 1010140 35 24 Aggregate amount of all liabilities including capital paid up and net surplus 2159856 4 8 IVINCOME DUBING THE YEAS Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 454108 03 3 Net collected 454108 03COMPTROLLERGENERALS REPORT 179 4 Gross premiums on risks written and re newed during the year 2357736 26 5 Total 2811844 29 6 Deduct premiums and bills in course of collection at this date 284847 85 7 Entire premiums collected during the year Cash 2526996 44 8 Deduct reinsurance and return pre miums 1148018 80 9 Net cash actually received for premiums carried out 1378977 64 10 Received for interest on bonds and mortgages 79710 75 14 Remittances from home office during the year 254454 32 15 Aggregate amount of income actually received during the year in cash 1713142 7 VEXPENDITURES DUEING THE YEAB 1 Gross amount actually paid for losses in cluding 18548848 losses occuring in previous years 1230913 72 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1383553 and all amounts actually received for rein surance in other companies 40349095 total deductions 417326 43 3 Net amount paid during the year for losses 813587 24 5 Rent 10200 00 6 Paid for commissions or brokerage 427948 55 7 Paid for salaries fees and other charges of officers clprks agents and all other employees 114690 00 8 Paid for State national and local taxes in this and other States 66951 77 9 All other payments and expenditures viz Advertising inspection traveling stationery printing postageetc 142354 63 10 Amount sent to home offices during the year 87643 96 Aggregate amount of actual expenditures during the year in cash 1663376 15180 COMPTROLLERGENERALS REPORT UNITED STATES BRANCH OP THE ROYAL FIRE INSURANCE COM PANY OP LIVERPOOL ENGLAND E P Beddall General United States Attorney Principal Office in United States 50 Wall Street New York City Milton Daegan Atlanta Attorney for Service in Georgia 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 accrued on all said bond and mortgage loans 5 Value of buildings mortgaged insured for 24950000 as collateral 506500 00 a Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal as per schedule attached viz Rents due and accrued 591021 due from other companies for reinsurance on losses already paid 2380417 2583564 88 320000 00 2320 83 4194799 88 957 76 429957 04 46925 15 953069 62 29714 38 Total assets of the company actual cash market value 8561309 54 IIILIABILITIES 1 Losses due and unpaid 31698 33 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 311910 36 3 Losses resisted including interest costs and other expenses thereon 51723 00 4 Total gross amount of claims for losses 395331 69 5 Deduct reinsurance thereon 82157 76 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 355756946 un earned premiums fifty per cent 1778784 73 313173 93COMPTROLLERGENERALS REPORT 181 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 555629569 unearned premiums pro rata 2949012 22 10 Excess of original premiums over amount received for reinsurance 61988 un earned premiums pro rata 72 50 11 Total unearned premiums as computed above carried out 4727869 45 12 Net premiums reserve and all other liabilities except cap ital under the life insurance or any other special de partment 100000 00 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 67638 94 18 Amount reclaimable by the insured on perpetual fire in surance policies being 8595 per cent of the premium of deposit received 129792 22 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and incourse of collection 11488853 return premiums 5022067 reinsurance 8222547 total 247334 67 20 Total amount of all liabilities except net surplus 5585809 21 23 Surplus beyond all other liabilities 2975500 33 24 Aggregate amount of all liabilities including net surplus 8561309 54 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 955567 87 2 Deduct amount of same not collected 1661 32 3 Net collected 953906 55 4 Gross premiums on risks written and re newed during the year 7722636 53 5 Total 8676543 08 6 Deduct premiums and bills in course of collection at this date 974439 63 7 Entire premiums collected during the year 7702103 45 8 Deduct reinsurance and return premiums 2440043 59 9 Net cash actually received for premiums carried out 5262059 86 182 COMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages 12870 67 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 172464 89 12 Income received from all other sources omitting increase if any in value of securities viz Rents 79263 64 14 Amount of remittances from home office during the year 1169031 37 Deposit premiums received on perpetual fire risks 415 57 15 Aggregate amount of income actually received during the year in cash 5526659 06 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 40163177 losses occurring in previous years 3273027 96 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3721545 and all amounts actually received for reinsur ances in other companies 66505246 total deductions 702267 91 3 Net amount paid during the year for losses 2570760 05 6 Paid for commissions or brokerage 902663 47 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 390480 11 8 Paid for State national and local taxes in this and other States 173553 56 9 All other payments and expenditures viz Rents print ing stationery traveling legal and all other expenses 360195 93 10 Amount sent to home offices during the year 2268765 36 Deposit premiums returned on perpetual risks 16675 98 Aggregate amount of actual expenditures during the year in cash 4397653 12 Business in the State of Georgia during the year Fire risks written 6214944 85 Premiums received gross 90371 79 Losses paid 49430 82 Losses incurred 44142 82COMPTROLLERGENERALS REPORT 183 SCOTTISH UNION AND NATIONAL FIRE INSURANCE COMPANY OP EDINBURGH SCOTLAND Jas H Bkewster United States Manager Principal Office 36 Pearl Street Hartford Conn Edgae Dunlap Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 30000000 00 2 Amount paid up in cash I 1500000 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 5740 30 interest accrued thereon 166203 4 Value of lands mortgaged exclusive of buildings and perishable improvements 458725 00 5 Value of buildings mortgaged insured for 59360000 as collateral 802350 00 139226 62 555339 15 7402 33 6 Total value of said mortgaged premises carried inside 1261075 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other se curities except mortgages 13 Cash belonging to the company deposited in bank 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 Interest due and accrued on other assets 3976356 87 2000 00 265048 41 50 00 433889 00 270 68 Total assets of the company actual cash market value 5379583 06 IIILIABILITIES 1 Losses adjusted unpaid 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 4 Total gross amount of claims for losses 223006 62 5 Deduct reinsurance thereon 53720 07 6 Net amount of unpaid losses 169286 55 64542 90 139256 87 19206 85184 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 154501243 un earned premiums fifty per cent 772506 21 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 180233700 unearned premiums pro rata 937481 94 11 Total unearned premiums as computed above carried out 1709988 15 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 4171349 reinsurance 5972571 commissions and other charges due or to be come due to agents or brokers 6081134 total 162250 54 20 Total amount of all liabilities except capital stock and net surplus 2041525 24 23 Surplus beyond capital and all other liabilities 3338057 82 24 Aggregate amount of all liabilities including capital paid up and net surplus 5379583 06 IVINCOME DURING THE TEAR F re Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 274315 17 3 Net collected 274315 17 4 Gross premiums on risks written and re newed during the year 3155542 38 5 Total 3429857 55 6 Deduct premiums and bills in course of collection at this date 264570 66 7 Entire premiums collected during the year 3165286 89 8 Deduct reinsurance and return premiums 1280846 35 9 Net cash actually received for premiums carried out 1884440 54 10 Received for interest on bonds and mortgages 33875 94 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 146641 62 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 15 98973 profit on sale ledger assets 304176 total 19031 49 15 Aggregate amount of income actually received during the year in cash 2083989 59COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAB 1 Gross amount actually paid for losses in cluding 29028726 losses occurring in previous years 1424476 05 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1620867 and all amounts actually received for reinsur ance in other companies 43620107 total deductions 452409 74 185 3 6 7 Net amount paid during the year for losses Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Miscellaneous underwriting expenses 11187723 expenses on real estate and other investments 3395611 total 10 Amount sent to home offices during the year 972066 31 404571 65 104046 03 58748 42 145833 84 1333 48 Aggregate amount of actual expenditures during the year in cash 1686599 23 Business in the State of Georgia during the year Fire risks written 3111859 00 Premiums received gross 35915 15 Losses paid 13676 58 Losses incurred 13182 89 SECURITY FIRE INSURANCE COMPANY OF NEW HAVEN CONN Chas S Leete President H C Fuller Secretary Principal Office 37 Center Street McCube Kelly Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stockI 2 Amount paid up in cash 500000 00 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 interest due on all said bond and mortgage loans 54000 00 132700 00 1389 87186 COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of buildings and perishable improvements 127640 00 5 Value of buildings mortgaged insured for 12045000 as collateral 161000 00 6 Total value of said mortgaged premises carried inside 288640 00 i Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1430894 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 5000 00 12 Cash in companys principal office 331 84 13 Cash belonging to the company deposited in bank Yale National Bank New Haven Conn 2466425 Mechanics Bank New Haven Conn 2463586 Am Exchange Natl Bank N Y 26 11575 total 75415 86 Total cash items 75747 70 15 Interest due and accrued on stocks not included in mar ket value uncollected 8272 65 16 Interest due and accrued on collateral loans and uncol lected 103 75 17 Cash in hands of agents and in course of transmission 143464 11 18 Bills receivable not matured taken for fire marine and inland risks 10183 77 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 4563 24 Total assets of the company actual cash market value 1866319 09 IIILIABILITIE S 1 Losses due and unpaid 7314 63 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 71650 10 3 Losses resisted including interest costs and other expenses thereon 2625 00 4 Total gross amount of claims for losses 81589 73 5 Deduct reinsurance thereon 11846 76 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 59619384 un earned premiums fifty per cent 298096 92 69742 9710 COMPTROLLERGENERALS REPORT Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 110670484 unearned premiums pro rata 605929 97 Gross premiums without any deduction received and receivable on all unex pired marine risks 12703 59 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance premiums 187 916730 48 1026 07 20 Total amount of all liabilities except capital stock and net surplus 987499 52 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 378819 57 24 Aggregate amount of all liabilities including capital paid up and net surplus 1866319 09 IVINCOME DURING THE YEAR Fire Marine and Inland 7 Entire premiums collected during the year 1357355 46 22755 19 8 Deduct reinsurance and return premiums 38060191 4300 53 9 Net cash actually received for premiums carried out 976753 55 18454 66 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 3839 20 profit on sale or maturity of ledger assets5890 995208 21 6137 07 55864 85 9729 20 15 Aggregate amount of income actually received during the year in cash 1066939 33 VEXPENDITURES DURING THE YEAR Fire Marine and Inland 1 Gross amount actually paid for losses including 8721619 losses occur ring in previous years 529995 86 22081 65188 COMPTROLLERGENERALS REPORT Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 377784 and all amounts actually received for rein surance in other compa nies 9199014 total de ductions 90155 62 5612 36 3 Net amount paid during the year for losses 439840 24 16469 29 456309 53 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 32000 00 6 Paid for commissions or brokerage 242760 32 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 136070 91 8 Paid for State national and local taxes in this and other States 24872 00 9 All other payments and expenditures viz Reps and exp on real estate 245772 loss on sale or maturity of ledger assets 2563 profit and loss 86851 rent 2 00000 total 5351 86 Aggregate amount of actual expenditures during the year in cash 857364 62 SOUTHERN MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Billups Phinizy President A E Griffith Secretary Principal Office 102 and 104 College Ave This is a mutual company having no capital stock Its assets at present market value amount to 1095291 24 nASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 20000 00 9 Total par andmarketvalue of stocks and bonds owned ab solutely by the company carried out at market value 1024300 00 13 Cash belonging to the company deposited in bank Geor gia National 277S4 76 Total cash items 27784 76COMPTROLLERGENERALS REPORT 189 15 Interest due and accrued on stocks not included in mar ket value uncollected 192S7 50 17 Cash in hands of agents and in course of transmission 3918 98 Total assets of the company actual cash market value 1095291 24 20 22 23 24 IIILIABILITIES Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses Gross premiums without any deduction received and re ceivable upon all unexpired fire risks running one year or less from date of policy 30693400 unearned pre miums fifty per cent Total amount of all liabilities except capital stock scrip and net surplus Scrip outstanding Surplus beyond capital and all other liabilities 5463 94 153467 00 158930 94 127214 38 809145 92 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAK Fire Risks Entire premiums collected during the 311101 44 1095291 24 year 8 Deduct return premiums 4167 44 9 Net cash actually received for premiums carried out 11 Received for dividends on stocks and bonds 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 the year in cash VEXPENDITURES DURING THE TEAR Net amount paid during the year for losses including 107769 losses occurring in previous years Scrip or certificates of profits redeemed in cash Paid for commissions 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 Stclt6S All other payments and expenditures viz Expense acct Aggregate amount of actual expenditures during the year in cash 306934 00 42160 00 150 03 349244 03 48507 72 187880 65 46038 95 15885 00 10039 61 2767 80 311119 73190 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 30508472 00 Premiums received gross 306934 00 Losses paid 48507 72 Losses incurred 52893 97 SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS A W Damon President W J Mackay Secretary Principal Office 195 State Street C L Stoney Co Atlanta Attorney 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 477000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 512270 00 3 Interest due on all said bond and mortgage loans S10 interest accrued thereon 1272272 total 13532 72 4 Value of lands mortgaged exclusive of buildings and perishable improvements 346400 00 5 Value of buildings mortgaged insured for 65337500 as collateral 576100 00 6 Total value of said mortgaged premises carried inside 922500 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 4948165 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 6050 00 12 Cash in companys principal office 2085 84 13 Cash belonging to the company deposited in bank John Hancock Natl Spring field 5834465 Third National Springfield 20715082 Third Nation al special deposit Springfield 232 68562 total 49818109 Total cash items 500266 91COMPTROLLERGENERALS REPORT 191 15 Interest due and accrued on stocks not included in mar ket value uncollected 33970 00 16 Interest due and accrued on collateral loans and uncol lected 171 28 17 Cash in hands of agents and in course of transmission 830656 18 All other assets both real and personal viz Rents due and accrued 580 84 Total assets of the company actual cash market value 7322662 95 IIILIABILITIES 1 Losses due and unpaid 54520 68 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 228336 57 3 Losses resisted including interest costs and other expenses thereon 18876 56 19 4 Total gross amount of claims for losses 301733 81 5 Deduct reinsurance thereon 76429 34 Net amount of unpaid losses Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 269432166 un earned premiums fifty per cent 1347160 83 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 287210485 unearned premiums pro rata 1560066 02 225304 47 11 Total unearned premiums as computed above carried out 2907226 85 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions on premiums paid and in course of collection 166131 23 20 Total amount of all liabilities except capital stock and net surplus 3298662 55 21 Joint stock capital actually paid up in cash 2000000 00 23 Surplus beyond capital and all other liabilities 2024000 40 24 Aggregate amount of all liabilities including capital paid up and net surplus 7322662 95192 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR F re Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 716664 85 3 Net collected 716664 85 4 Gross premiums on risks written and re newed during the year 5074920 25 5 Total 5791585 10 6 Deduct premiums and bills in course of collection at this date 830656 18 7 Entire premiums collected during the year 4960928 92 8 Deduct reinsurance and return premiums 1286784 17 9 Net cash actually received for premiums carried out 3674144 7 10 Received for interest on bonds and mortgages 27187 20 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 188263 61 12 Income received from all other sources omitting in crease if any in value of securities 14800 51 15 Aggregate amount of income actually received during the year in cash 3904396 07 VEXPENDITURES DURING THE TEAR Gross amount actually paid for losses in cluding 26728942 losses occurring in previous years 2107055 56 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 724681 and all amounts actually received for reinsur ance in other companies 37462581 total deductions 381872 62 3 Net amount paid during the year for losses 1725182 94 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 200000 00 6 Paid for commissions or brokerage 704607 86 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 168859 55 8 Paid for State national and local taxes in this and other States 133364 78 9 All other payments and expenditures viz Traveling office and agency supplies advertising and all other in cidental expenses 370087 55 Aggregate amount of actual expenditures during the year in cash 3302102 68COMPTROLLERGENERALS REPORT 193 Business in the State of Georgia during the year Fire risks written 4895208 00 Premiums received gross 42168 38 Losses paid 13643 48 Losses incurred 20147 14 ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUL MINN C H Bigelow President A W Perky Secretary Principal Office Corner Third and Jackson Sts 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 307872 60 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 630105 00 3 Interest due on all said bond and mortgage loans 120 not used in assets 4 Value of lands mortgaged exclusive of buildings and perishable improvements 447760 00 5 Value of buildings mortgaged insured for 67710000 as collateral 969390 00 6 Total value of said mortgaged premises carried inside 1417150 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 2967458 75 11 Total amount loaned on stocks bonds and all other se curities except mortgages 19330 94 12 Cash in companys principal office 802 18 13 Cash belonging to the company deposited in bank Mer chants National Bank St Paul 12736360 National German American Bank St Paul 6441330 United States Mortgage Trust Co New York 4272294 Kleinwort Sons Co London 1500000 Robarts Lubbock Co London 4196472 291464 56 17 Cash in hands of agents and in course of transmission 337585 53 13 in194 COMPTROLLERGENERALS REPORT 18 Bills receivable not matured taken for fire marine and inland risks 10088 43 All other assets both real and personal vizDue from other companies for reinsurance on losses already paid 2633 08 Total assets of the company actual cash market value 4567341 07 IIILIABILITIES 1 Losses due and unpaid 70625 95 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 215853 19 3 Losses resisted including interest costs and other expenses thereon 27915 56 4 Total gross amount of claims for losses 314394 70 5 Deduct reinsurance thereon 29785 99 6 Net amount of unpaid losses 28460S 71 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 155164924 un earned premiums fifty per cent 775824 62 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 290317776 unearned premiums pro rata 1595740 39 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 9815332 49076 66 11 Total unearned premiums as computed above carried out 2420641 67 20 Total amount of all liabilities except capital stock and net surplus 2705250 38 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 1362090 69 24 Aggregate amount of all liabilities including capital paid up and net surplus 4567341 07COMPTROLLERGENERALS REPORT 195 IVINCOME DURING THE YEAR Fire Risks Marine and Inland 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 267037 58 7 Entire premiums collected during the year 8 Deduct reinsurance and re turn premiums 3984626 82 782527 87 17136 95 3 Net collected 267037 58 17136 95 4 Gross premiums on risks written and renewed dur ing the year 4056717 04 633498 88 5 Total 4323754 62 650635 83 6 Deduct premiums and bills in course of collection at this date 339127 80 10088 43 640547 40 240141 82 9 Net cash actually received for premiums carried out 3202098 95 400405 58 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1653554 net gain in sale of securities and appreciation in values 121871 total 3602504 53 28354 62 137113 21 17754 25 15 Aggregate amount of income actually received during the year in cash 3785726 61 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 29469893 losses occur ring in previous years 2 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 2183681 and all amounts actually re Fire Risks 1805328 57 Marine and Inland 604142 12196 COMPTROLLERGENERALS REPORT ceived for reinsurance in other companies 407 68803 total deductions 159149 79 270375 05 3 Net amount paid during the year for losses 1646178 78 333767 07 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 1979945 85 50000 00 815433 66 108484 25 90200 26 184676 46 Aggregate amount of actual expenditures during the year in cash 3228740 48 Business in the State of Georgia during the year Fire Risks written 3628328 00 Premiums received gross 5347681 Losses paid 21504 12 Losses incurred 25926 05 Marine and Inland Aggregate 3005416 00 6633744 00 5648 54 59125 35 3618 41 25122 53 3618 41 29544 46 UNITED STATES BRANCH SUN INSURANCE OFFICE OF LONDON ENGLAND J J Guile Manager Principal Office 54 Pine Street New York City A B Andrews Atlanta Attorney for Service in Georgia 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 accrued on all said bond and mortgage loans 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 ab solutely by the company carried out at market value 2291981 as 241000 00 50000 00 375 00COMPTROLLERGENERALS REPORT 197 12 Cash in companys principal office 396 31 13 Cash belonging to the company deposited in bank Bank of New York New York 8569379 Merchants National Bank New York 9594589 National Bank of Commerce New York 395118 Mer cantile Trust Company New York 1 82877 Commercial National Bank Chi cago 2014660 total 207566 23 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal as per schedule attached viz Rents due and accrued 207962 54 26317 19 320215 72 1316 67 Total assets of the company actual cash market value 3139168 37 IIILIABILITIES 1 Losses due and unpaid 44604 77 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 141442 00 3 Losses resisted including interest costs and other expenses thereon 17995 98 4 Total gross amount of claims for losses 204042 75 5 Deduct reinsurance thereon 14553 23 6 Net amount of unpaid losses 189489 52 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 170887909 un earned premiums fifty per cent 854439 54 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 221127201 unearned premiums pro rata 1184522 61 11 Total unearned premiums as computed above carried out 2038962 15 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 5357 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance 6487 40 198 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except net surplus 2240296 07 23 Surplus beyond all other liabilities 898872 30 24 Aggregate amount of all liabilities including net surplus 3139168 37 IVINCOME DURING THE YEAR 7 Entire premiums collected during the year 3074954 24 8 Deduct reinsurance and return premiums 677976 97 9 Net cash actually received for premiums carried out 2396977 27 10 Received for interest on bonds and mortgages 2250 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 96126 88 12 Income received from all other sources omitting increase if any in value of securities viz Rents 12520 71 14 Amount of remittances from home office during the year 4750 00 15 Aggregate amount of income actually received during the year in cash 2507874 86 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 18013505 losses occurring in previous years 1257132 66 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1159974 and all amounts actually received for reinsur ance in other companies 11340706 to tal deductions 125006 80 3 Net amount paid during the year for losses 1132125 86 6 Paid for commissions or brokerage 553308 76 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 125249 78 8 Paid for State national and local taxes in this and other States 66406 71 9 All other payments and expenditures viz Rents 21 79732 general and agency expenses 9256622 post age 1197655 advertising 849900 stationery and printing 1199170 maps 541684 total 152247 63 10 Amount sent to home office during the year 508763 75 Aggregate amount of actual expenditures during the year in cash 2029338 74COMPTROLLERGENERALS REPORT 199 Business in the State of Georgia during the year Fire risks written 1853093 00 Premiums received gross t 37650 61 Losses paid 16836 14 Losses incurred 22680 50 SUN FIRE INSURANCE COMPANY OF NEW ORLEANS LA Charles Janvier President William P Maus Secretary Principal Office 308 Camp Street John A Whitner Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 35000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank CanalLouisiana Bank and Trust Company of New Orleans La 1091003 New Orleans National Bank of New Orleans La 167060 National City Bank of New York City 37123 Whitney National Bank of New Or leans La 10000 Hibernia Bank and Trust Company of New Orleans La 1000 Citizens Bank of Louisiana of New Orleans La 40000 total 83 06 13461 86 Total cash items All other asets both real and personal as per schedule attached viz Premiums in course of collection 54 34726 uncollected reinsurance on losses paid 9123 13544 92 54438 49 Total assets of the company actual cash market value 1175907 41200 COMPTROLLERGENERALS REPORT in LIABILITIES 1 Losses adjusted not yet due 8052 09 2 Gross losses in process of adjustment or In suspense including all reported and supposed losses 40316 71 3 Losses resisted including interest costs and other expenses thereon 3059 20 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 51428 00 13100 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 26185842 un earned premiums fifty per cent 130929 21 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 22229091 unearned premiums pro rata 122660 21 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 con tingent due and to become due admitted and contested viz Reserve for unpaid reinsurance 38328 00 253589 42 26530 00 16000 00 12745 50 20 Total amount of all liabilities except capital stock and net surplus 347192 92 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 Fire Risks Marine and Inand 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 48029 06 3 Net collected 48029 06 4 Gross premiums on risks written and renewed dur ing the year 556134 86 25809 42 5 Total 604163 92 25809 42 500000 00 328774 49 1175967 41COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of collection at this date 54347 26 7 Entire premiums collected during the year 549816 66 25809 42 8 Deduct reinsurance and re turn premiums 203414 65 11689 94 9 Net cash actually received for premiums carried out 346402 01 14119 48 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 250000 profit on sale of securities 101000 bills payable 16000000 profit and loss account 2214770 total 15 Aggregate amount of income actually received during the year in cash 201 360521 49 37777 50 185657 70 583956 69 EXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 28 98426 losses occurring in previous years 2 Deduct all amounts actu ally received for sal vages whether on losses of the last or of previous year 290152 and all amounts actually receiv ed for reinsurance in oth er companies 4694460 total deductions Fire Risks Marine and Inland 211312 08 21977 10 31547 21 18298 91 3 Net amount paid during the year for losses 179764 87 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50 00000 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 StntGS 9 All other payments and expenditures viz Bills payable 16250000 rents 250000 tax on real estate 1 3678 19 183443 06 49660 00 64166 08 24000 00 10342 09202 COMPTROLLERGENERALS REPORT 01500 tax on assets 199603 interest on bills paya ble 360535 repairs and insurance on real estate 80501 various 4131680 total 213738 19 Aggregate amount of actual expenditures during the year in cash 545349 42 Business in the State of Georgia during the year Fire risks written 2919763 00 Premiums received gross 54506 13 Losses paid 17216 91 Losses incurred 19216 91 TRADERS FIRE INSURANCE COMPANY OF CHICAGO ILL Thies J Lefens President S A Rothermel Secretary Principal Office 122 Monroe Street Otis A Murphy 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 316566 67 3 Interest due on all said bond and mortgage loans 12500 interest accrued thereon 641537 total 6540 37 4 Value of lands mortgaged exclusive of buildings and perishable improvements 882505 00 5 Value of buildings mortgaged insured for 8341000 as collateral 228720 00 G Total value of said mortgaged premises carried inside 1111225 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 2012045 30 12 Cash in companys principal office 1816 74 13 Cash belonging to the company deposited in bank Corn Exchange National Bank 621473 50 Total cash items 623290 24 15 Interest due and accrued on stocks not included in mar ket value uncollected 4071 67COMPTROLLERGENERALS REPORT 203 17 Cash in hands of agents and in course of transmission 241216 67 All other assets both real and personal as per schedule attached viz Rents due and accrued 14800 due to this company on local agency account 4495295 less due from this company on local agency account 16955 54 2799741 28145 41 Total assets of the company actual cash market value 3257276 17 IIILIABILITIES 1 Losses due and unpaid 24284 94 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 87198 08 3 Losses resisted including interest costs and other expenses thereon 2575 00 4 Total gross amount of claims for losses 114058 02 5 Deduct reinsurance thereon 23892 55 6 Net amount of unpaid losses 90165 47 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 109081838 un earned premiums fifty per cent 545409 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 132950290 unearned premiums pro rata 740827 18 11 Total unearned premiums as computed above carried out 1286236 37 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 4843 05 20 Total amount of all liabilities except capital stock and 1381244 89 net surplus 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and aH other liabilities 1376031 28 24 Aggregate amount of all liabilities including capital paid up and net surplus 3257276 17 IVINCOME DURING THE YEAB 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 212944 70 204 COMPTROLLERGENERALS REPORT 3 Net collected 212944 70 4 Gross premiums on risks written and re newed during the year 2309688 64 5 Total 2522633 34 6 Deduct premiums and bills in course of collection at this date 252195 18 7 Entire premiums collected during the year 2270438 16 8 Deduct reinsurance and return premiums 724193 98 9 Net cash actually received for premiums carried out 1546244 18 10 Received for interest on bonds and mortgages 13018 57 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 96455 13 12 Income received from all other sources omitting increase if any in value of securities viz Rents 282500 profit on sale of securities 8916870 other profit and loss items 52859 total 92522 29 15 Aggregate amount of income actually received during the year in cash 1748240 17 VEXPENDITURES DUEIXG THE YEAB Fire Risks 1 Gross amount actually paid for losses in cluding 13094889 losses occurring in previous years 923524 93 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 651788 and all amounts actually received for reinsur ance in other companies 14375369 to tal deductions 150271 57 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 Printing and supplies and postage advertising traveling and miscel laneous expenses 773253 36 50000 00 382906 25 96636 55 5846S 65 64494 88 Aggregate amount of actual expenditures during the year in cash 1425759 69COMPTROLLERGENERALS REPORT 205 Business in the State of Georgia during the year Fire risks written 1890947 00 Premiums received gross 34723 66 Losses paid 8140 88 Losses incurred 7065 31 UNION ASSURANCE SOCIETY OF LONDON ENGLAND Hall Henshaw United States Managers Principal Office in United States 35 Pine Street New York 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 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 48 98 13 Cash belonging to the company deposited in bank National City Bank New York 6131620 Title Guarantee and Trust Company 200000 Canadian Bank of Commerce San Francisco 30 55322 total 93869 42 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Gross premiums as written in the policies in course of collection not more than three months due All other assets both real and personal as per schedule attached viz Due from other companies for reinsur ance on losses already paid Victoria Fire Insurance Company New York 476854 Law Union and Crown 25072 American Mass 15268 Atlas 169 Equitable 284 St Paul F and M 181 New York Fire Insurance Company 090 225000 00 1272315 OO 93918 40 14253 96 165444 12 5179 18 Total assets of the company actual cash market value 1776110 66206 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 15532 06 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 94048 86 3 Losses resisted including interest costs and other expenses thereon 18580 00 4 Total gross amount of claims for losses 128160 92 5 Deduct reinsurance thereon 11894 32 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 80964394 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 61219081 unearned premiums pro rata 116266 60 404821 97 334531 22 11 Total unearned premiums as computed above carried out 739353 19 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums 43000 reinsurance 12669 91 total 13099 91 20 Total amount of all liabilities except net surplus 868719 70 23 Surplus beyond capital and all other liabilities 907390 96 24 Aggregate amount of all liabilities including net surplus 1776110 66 IVINCOME DURING THE YEAR 7 Entire premiums collected during the year 1645633 39 8 Deduct reinsurance and return premiums 605491 43 9 Net cash actually received for premiums carried out 1040141 96 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 44706 43 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1568899 profit on sale of bonds 1210500 total 27793 99 14 Amount of remittances from home office during the year 15000 00 15 Aggregate amount of income actually received during the year in cash 1127642 38COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 8041389 losses occurring in previous years 652492 00 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 804903 and all amounts actually received for reinsur ance in other companies 12869381 total deductions 136742 84 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year cash to home office 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Traveling ad vertising printing and stationery postage telegrams boards furniture maps expressage office exchange etc 207 515749 16 203796 80 26705817 49034 79 35043 76 64696 25 Aggregate amount of actual expenditures during the year in cash 1135378 93 Business in the State of Georgia during the year Fire risks written 1365713 00 Premiums received gross 10108 92 Losses paid 1260 91 Losses incurred 4601 18 UNITED FIREMENS INSURANCE COMPANY OF PHILADELPHIA PA Robert B Beath President Dennis J Sweeny Secretary Principal Office 419 Walnut Street W E Chapin Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 300000 00 2 Amount paid up in cash 300000 00208 COMPTROLLERGENERALS REPORT IiASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 172500 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 328452 00 3 Interest due on all said bond and mortgage loans 37999 interest accrued thereon 426466 total 4644 65 4 Value of lands mortgaged exclusive of buildings and perishable improvements 248300 00 5 Value of buildings mortgaged insured for 28242500 as collateral 400300 00 6 Total value of said mortgaged premises carried inside 648600 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1181952 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 63000 00 12 Cash in companys principal office 7193 33 13 Cash belonging to the company deposited in bank Quaker City National Bank 1956364 Central National Bank 17 80189 Real Estate Title Insurance Trust Company 2175941 total 59124 94 Total cash items7777777777777 66318 27 16 Interest due and accrued on collateral loans and uncol lected 672 99 17 Cash in hands of agents and in course of transmission 69051 34 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Benjamin Franklin Insurance Co Pittsburg Pa 159 30 Camden Fire Insurance Association Camden N J 77114 Capital Fire Insurance Co Concord N H 2845 Milwaukee Fire Insurance Co Milwaukee Wis 268 Colonial Assurance Co New York City 833 Concordia Fire Insurance Co Milwaukee Wis 210 perpetual deposit in course of collection 267426 de posit with Philadelphia Fire Underwriters Association 10000 3746 26 Total assets of the company actual cash market value 1890337 51 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 34896 69 3 Losses resisted including interest costs and other expenses thereon 1000 00 4 Total gross amount of claims for losses 35896 69 5 Deduct reinsurance thereon 2840 90 6 Net amount of unpaid losses 33055 79COMPTROLLERGENERALS REPORT 209 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 36870607 un earned premiums fifty per cent 184353 04 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 45566348 un earned premiums pro rata 253307 17 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 con tingent due and to become due admitted and contested viz Amount reclaimable on perpetual fire insurance policies being 90 and 95 per cent of deposit received 437660 21 12379 48 881545 36 20 Total amount of all liabilities except capital stock and net surplus 1364640 84 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 225696 67 24 Aggregate amount of all liabilities including capital paid up and net surplus 1890337 51 IVINCOME DUBING THE YEAB 4 Gross premiums on risks written and re newed during the year 664045 92 8 Deduct reinsurance and return premiums 135191 20 9 Net cash actually received for premiums carried out 528854 72 10 Received for interest on bonds and mortgages 20660 35 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 49165 51 12 Income received from all other sources omitting increase if any in value of securities viz Rents 575651 profit on sale of stocks and bonds 596875 from sale of real estate 155426 from premiums 229 total 1328181 Deposit premiums written on perpetual risks 41142 08 Total 653104 47 VEXPENDITUBES DUBING THE YEAB Gross amount actually paid for losses in cluding 2825051 losses occurring in previous years 256193 55 14 ii210 COMPTROLLERGENERALS REPORT Deduct all amounts actually received for salvages whether on losses of the last or of previous year 87569 and all amounts actually received for reinsur ance in other companies 2419975 to tal deductions 25075 44 Net amount paid during the year for losses 231118 1 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 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures viz Advertising and printing 569319 maps arid traveling 900643 legal 19495 real estate taxes and repairs 920082 loss on sale of stocks and bonds 50000 on premiums 86065 miscellaneous 1705814 total Perpetual deposit premiums returned 30000 00 130048 59 35637 47 13605 51 Total 42514 18 25500 00 508423 86 VIRGINIA STATE FIRE INSURANCE COMPANY OF RICHMOND VA Geo L Christian President Robt Lecky Jr Secretary Principal Office Fifth and Main Streets Otis A Murphy Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 200000 00 2 Whole amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 116587 68 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 41262 22 3 Interest due and accrued on all said bond and mortgage loans 723 40 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 407921 50 11 Total amount loaned on stocks bonds and all other se curities except mortgages 3890 44COMPTROLLERGENERALS REPORT 211 12 Cash in companys principal office 9923 45 13 Cash belonging to the company deposited in bank State Bank of Virginia 10249 66 Total cash items Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected Cash in hands of agents and in course of transmission Bills receivable not matured taken for fire risks All other assets both real and personal viz Brokerage premiums 461775 open accounts 408475 furni ture and fixtures 394150 15 17 18 20173 11 6972 60 24 00 107843 26 819 73 12644 00 Total assets of the company actual cash market value 718861 94 IIILI ABILITIE S 1 Losses due and unpaid 25756 54 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 25252 72 4 Total gross amount of claims for losses 51009 26 5 Deduct reinsurance thereon 7276 59 6 Net amount of unpaid losses 7 Unearned premiums fifty per cent upon all unexpired fire risks running one year or less from date of policy 154174 99 8 Unearned premiums pro rata upon all unexpired fire risks running more than one year from date of policy 110291 97 11 Total unearned premiums as computed above carried out 15 Dividends declared and remaining unpaid or uncalled for 18 Amount of borrowed money 19 All other demands against thecompany absolute and con tingent due and to become due admitted and contested viz Commissions due and to become due agents bro kers or premiums in course of collection 1927232 re insurance 1096544 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 43732 67 264466 96 252 50 50000 00 30237 76 388689 89 200000 00 130172 05 718861 94212 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 108647 08 3 Net collected 108647 08 4 Gross premiums on risks written and re newed during the year 638646 32 5 TotalI 747293 40 6 Deduct premiums and bills in course of collection at this date 107843 26 7 Entire premiums collected during the year 639450 14 8 Deduct reinsurance and return premiums 189821 48 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages II Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 653863 bor rowed money 5000000 total 15 Aggregate amount of income actually received during the year in cash 449628 66 2376 72 14463 81 56538 63 523007 82 VEXPENDITURES DURING THE YEAR Fire Risks Gross amount actually paid for losses in cluding 17720515 losses occurring in previous years 369844 95 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 51301 and all amounts actually received for reinsur ances in other companies 1555188 to tal deductions 16064 89 3 Net amount paid during the year for losses 353820 06 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 11986 50 99540 16 25518 76 556 85 42283 33 533705 66COMPTROLLERGENERALS REPORT 213 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK N Y George R Crawford President Morell O Brown Secretary Principal Office 100 William Street New York Edgar Dunlap Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 300000 00 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 29676 25 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 241785 00 3 Interest due on all said bond and mortgage loans 1398 50 interest accrued thereon 123922 total 2639 72 4 Value of lands mortgaged exclusive of buildings and perishable improvements 249150 00 5 Value of buildings mortgaged insured for 23975000 as collateral 265950 00 6 Total value of said mortgaged premises carried inside 515100 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3286750 00 12 Cash in companys principal office 3247 66 13 Cash belonging to the company deposited in bank Chatham National New York 6049033 Union Trust Co New York 10293059 total 163420 92 Total cash items 166668 58 15 Interest due and accrued on stocks not included in mar ket value uncollected 20375 00 17 Cash in hands of agents and in course of transmission 305589 88 Total assets of the company actual cash market value 4053482 43 IIILIABILITIES 1 Losses due and unpaid 55153 37 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 126686 11 3 Losses resisted including interest costs and other expenses thereon 17770 00 4 Total gross amount of claims for losses 199609 48 5 Deduct reinsurance thereon18468 04 6 Net amount of unpaid losses 181141 44214 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 138879306 un earned premiums fifty per cent 694396 53 8 Gross premiums without any deduction received and receivable upon all unex pired fire risss running more than one year from date of policy 216049823 unearned premiums pro rata 1135056 09 11 Total unearned premiums as computed above carried out 1829452 62 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 25250 37 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance 10420 50 20 Total amount of all liabilities except capital stock and net surplus 2046264 93 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 1707217 50 24 Aggregate amount of all liabilities including capital paid up and net surplus 4053482 43 IVINCOME DUBING THE YEAB 7 Entire premiums written during the year 2735333 98 8 Deduct reinsurance and return premiums 642513 89 2092820 09 16503 89 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 74579 00 12 Income received from all other sources omitting increase if any in value of securities viz Rents 172585 in terest on deposits and profit on sale of securities 152 22431 total 153950 16 15 Aggregate amount of income actually received during the year in cash 2337S53 14 VEXlENDITUBES DUBINU THE YEAB Fire Risks 1 Gross amount actually paid for losses in cluding 16060586 losses occurring in previous years 1120112 35 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1444020 and all amounts actually received for reinsur ance in other companies 14723907 to tal deductions 161679 29 3 Net amount paid during the year for losses 958433 08COMPTROLLERGENERALS REPORT 215 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 60000 00 6 Paid for commissions or brokerage 441222 79 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 139763 00 8 Paid for State national and local taxes in this and other States 54602 98 9 All other payments and expenditures viz Postage tele graph and express maps advertising printing general agency and traveling 203540 64 Aggregate amount of actual expenditures during the year in cash 1857562 49 Business in the State of Georgia during the year Fire risks written 2041046 00 Premiums received gross 30351 78 Losses paid 15793 00 Losses incurred 15586 93 WESTERN ASSURANCE COMPANY OP TORONTO CANADA Gbo A Cox President C C Foster Secretary Principal Office 22 Wellington Street East Geo J Dextek Atlanta Attorney for Service in Georgia IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 15000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1753542 33 12 Cash in companys principal office 87 69 13 Cash belonging to the company deposited in bank Wm Gray and H B Walker agents Canadian Bank of Commerce New York 20606661 Corn Exchange National Bank Chicago 18778 total 206254 39 206342 08 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 453700 90 18 Bills receivable not matured taken for fire marine and inland risks Total assets of the company actual cash market value 2456786 38216 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 12777 09 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 99972 96 3 Losses resisted including interest costs and other expenses thereon 3364 68 6 Net amount of unpaid losses 116114 73 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 166208482 un earned premiums fifty per cent 831042 41 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 118272387 unearned premiums pro rata 623918 94 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 135095 38 fifty per cent 67547 69 10 Gross premiums without any deduction received and receivable on all unexpired marine risks one hundred per cent 9392 55 11 Total unearned premiums as computed above carried out 1531901 59 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 59178 38 20 Total amount of all liabilities except capital stock and net surplus 1707194 70 21 Deposit capital 201000 00 23 Surplus beyond capital and all other liabilities 548591 68 24 Aggregate amount of all liabilities including capital paid up and net surplus 2456786 38 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 383920 28 3 Net collected 383920 28 85053 41 85053 41COMPTROLLERGENERALS REPORT 217 4 Gross premiums on risks written and renewed dur ing the year 5 Total 6 Deduct premiums and bills in course of collection at this date i915 47 523369 48 3264835 75 411185 54 608422 89 61455 91 2853650 21 823417 47 546966 98 118342 23 7 Entire premiums collected during the year 8 Deduct reinsurance and re turn premiums 9 Net cash actually received for premiums carried out 2030232 74 428624 75 11 Received for interests on bonds and mortgages and divi dends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 2458857 49 67587 04 3863 21 1235704 80 432361 61 15 Aggregate amount of income actually received during the year in cash 2530307 74 VEXPENDITITBES DURING THE YEAB Fire Riskp Marine and Inland Gross amount actually paid for losses including 10291427 losses occur ring in previous years Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 839459 and all amounts actually received for rein surance in other compa nies 11620775 total de ductions Net amount paid during the year for losses 1140244 14 Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employees Paid for State national and local taxes in this and other States All other payments and expenditures Amount sent to home offices during the year 114558 04 Aggregate amount of actual expenditures during the year in cash 2389609 09 95460 66 29141 68 403219 93 9 10 1543464 07 506729 94 80470 75 96043 28 162901 05218 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire Marine and Inland Ag regate Risks written 3288476 00 467038 00 3755514 00 Premiums received gross 38912 31 2148 62 41060 93 Losses paid 15365 35 16 02 15381 37 Losses incurred 15467 59 16 02 15483 61 WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOKLYN NEW YORK Marshall S Driggs President Frederick H Wat 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 ii ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 607 50 interest accrued thereon 96145 total 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 Total value of carried inside 399750 0 6 said mortgaged premises inside 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other se curities except mortgages 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank 15 Interest due and accrued on stocks not included in mar ket value uncollected Interest due and accrued on collateral loans and uncol lected Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 16 17 672929 76 237100 00 1568 95 1413345 00 44250 00 5767 16 296134 92 17133 99 184 37 157483 77 5311 45 Total assets of the company actual cash market value 2851209 37COMPTROLLERGENERALS REPORT 219 IIILIABILITIES 1 Losses unpaid adjusted but not yet due 16802 10 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 73043 90 3 Losses resisted including interest costs and other expenses thereon 9435 47 4 Total gross amount of claims for losses 99281 47 5 Deduct reinsurance thereon 8947 78 6 Net amount of unpaid losses 90333 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 77114239 un earned premiums fifty per cent 385571 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 115655511 unearned premiums pro rata 619033 23 11 Total unearned premiums as computed above carried out 1004604 43 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 14178 22 20 Total amount of all liabilities except capital stock and net surplus 1109116 34 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 1492093 03 24 Aggregate amount of all liabilities including capital paid up and net surplus 2851209 37 IVINCOME DURING THE YEAR Fire Eisks 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 1483464 29 299963 11 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 5721288 profit on sale or maturity of ledger assets 12736100 15 Aggregate amount of income actually received during the year in cash 1183501 18 10587 75 58880 89 184573 88 1437543 70220 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 8205104 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 231969 and all amounts actually received for reinsur ance in other companies 7174652 to tal deductions Fire Risks 612166 62 74066 21 3 Net amount paid during the year for losses 538100 41 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 75000 00 6 Paid for commissions or brokerage 297461 90 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 100595 36 8 Paid for State national and local taxes in this and other States 32305 28 9 All other payments and expenditures 101618 95 Aggregate amount of actual expenditures during the year in cash 1145081 90 Business in the State of Georgia during the year Fire risks written 1799583 00 Premiums received gross 27618 29 Losses paid TG0 70 Losses incurred 8470 47COMPTROLLERGENERALS REPORT 221 ATLANTA INDUSTRIAL LIFE INSURANCE COMPANY J N McEachbrn President I M Sheffield Secretary Principal Office 503 to 509 Austell Building Atlanta Ga ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Increase of capital during 1906 20000 00 Extended at 120000 00 IVASSETS AS PER LEDGER ACCOUNTS 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 2ETNA LIFE INSURANCE COMPANY OF CONNECTICUT M G Bulkeley President J M Parker Jr Secretary Home Office 650 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 311904 69884536 93 Extended at 69884536 93 IIINCOME As shown by the books at the home office at close of business Dec 31 1905 1 Entire premiums collected during the year Accident 152240372 health 19743775 liability 230842334 4028264 81 2 Deduct reinsurance return premiums and cancellation Accident 6692447 health 1286848 liability 20039548280188 43 19 Total net cash actually received for premiums 3748076 38 20 Interest on mortgage loans 1 659214 23 21 Interest on collateral loans 40747 1 4 22 Interest on bonds and dividends on stocks 1109965 59 23 Interest from all other sources 341704 79222 COMPTROLLERGENERALS REPORT 24 Gross rents from companys property in cluding 2300000 for companys own occupancy 39067 19 Discount on claims paid in advance 1578 63 25 Total interest and rents 3192277 57 26 Profit on sale or maturity of ledger assets 39573 33 35 Premium income life business 9980543 23 36 Total income during the year 16960470 51 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1905 1 Gross amount paid for losses Accident 65449880 health 8609254 liabil ity 71887286 1459464 20 2 Deduct salvage and reinsurance Acci dent 1399999 health 136518 lia bility 996198 25327 15 3 Net amount paid policyholders for losses 1434137 05 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 1232841 health 31067 liability 7883281 87471 89 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 51126310 health 5999097 liability 50359117 1074845 24 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 114142 61 24 Salaries traveling and all other expenses of agents not paid by commissions 83041 06 25 Medical examiners fees and salaries 10697 24 26 Inspections other than medical 33761 21 27 Rents 30089 78 30 All other taxes licenses and insurance department fees 53658 20 31 Legal expenses not included in No 14 972 16 32 Advertising 10505 77 33 Printing and stationery 71482 05 34 Postage and express 34 0l 90 35 Furniture and fixtures 12441 90 37 Surrender value on accident policies 1174 00 40 Expense 17566 32 41 Profit and loss bills receivable etc 6064 51 42 Disbursements accident health and liability business 8126072 89 43 Disbursements life business 8777822 05 44 Total disbursements 11903894 94COMPTROLLERGENERALS REPORT 223 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1905 1 Book value of real estate unincumbered 636698 74 2 Mortgage loans on real estate first liens 34772470 23 3 Loans secured by pledge of bonds stocks or other collat eral 1067975 38 4 Book value of bonds excluding interest 2249062901 book value of stocks 428437224 26775001 25 5 Cash in companys office 22329598 deposited in bank 700496651 7234262 49 6 Bill receivable 44682 41 8 Agents balances 54402 24 9 Loans made to policyholders on this companys policies assigned as collateral 4050275 00 10 Premium notes or liens on policies in force of which 361123 is the first years premiums 305344 76 11 Ledger assets 74941112 50 NONLEDGER ASSETS 12 Interest due 8932644 and accrued 38715500 on mort gages 476481 44 146872 52 13 Interest due 458500 and accrued 14228752 on bonds 14 Interest due 557222 and accrued 212500 on collat eral loans 15 Interest due 24014202 and accrued 35799 on other assets 16 Rents accrued on companys property or lease 18 Market value not including interest in item 13 of bonds and stocks over book value 2802691 23 19 Gross premiums in course of collection viz Net amount of uncollected and deferred premiums 7697 22 240500 01 1850 00 729727 74 37 Gross assets 79346932 66 DEDUCT ASSETS NOT ADMITTED 44682 41 54402 24 343 69 99428 34 39 Bills receivable 45 Agents balances unsecured 46 Premium notes loans or liens in excess of reserve on policies 50 Admitted assets 79247501 32 VLIABILITIES 1 Losses and claims In process of adjustment Accident 47 07208 health 514187 Reported proofs not received Accident 1200000 health 200000 Resisted Accident 10813033 health 175000 52213 95 14000 00 109880 33224 COMPTROLLERGENERALS REPORT 15 Net unpaid claims except liability claims 176094 2S 16 Special reserve for unpaid liability losses 1222730 09 17 Total unpaid claims and expenses of settlement 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 274862724 unearned premiums 50 per cent 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 9606379 unearned premiums pro rata 1398824 37 1374313 62 83100 10 20 Total unearned premiums and reserve as shown by recapit ulation 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 38 Liabilitiesaccident health and liability business 2858238 09 39 Liabilitieslife business 69 313859 42 1457413 72 2000 00 40 Total amount of all liabilities except capital 72172097 51 41 Capital actually paid up in cash 2000000 00 42 Surplus over all liabilities 5075406 81 43 Surplus as regards policyholders 7075406 81 44 Total liabilities 79247504 32 Business in the State of Georgia during the year Accident Health Liability Gross premiums received on risks written or renewed during the year 43270 82 Gross losses paid 17612 31 Gross losses incurred 14096 97 5650 00 2174 55 3333 12 10520 65 2720 79 4595 79 Totals 5944147 22507 65 22025 88 CHICAGO LIFE INSURANCE COMPANY CHICAGO ILL La Vehne Noyes President E C Brainakd Secretary Principal Office 135 Adams Street Chicago 111 Hon W A Wkight Attorney for Service in Georgia icapital stock 1 Amount of capital Istock paid up in cash 150000 00 Amount of net or ledger assets December 31 of previous year 269965 33 Less borrowed money repaid 15000 00 Extended at 254965 33COMPTROLLERGENERALS REPORT 225 IIINCOME DURING YEAR 1905 1 Gash received for premiums on new poli cies without deductions for commissions or other expenses 85325 28 IJ Cash received for renewal premiums without deductions for commissions or other expenses 81678 33 4J From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 538 00 Total 167541 61 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 209878 renewals 147140 3570 18 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 Total income 1 9 10 13 15 17 18 19 20 21 22 23 24 26 27 IIIDISBURSEMENTS FOR THE YEAR 1905 Cash paid for death claims including revisionary additions Premium notes loans or liens voided by lapse Cash dividends paid policyholders Surrender values paid in cash Surrender values applied to purchase paid up insurance and annuities see item 4J income Total paid policyholders 20597 64 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 6561257 renewal premiums 801359 Cash paid for agency expense Cash paid for medical examiners fees 517078 inspec tion of risks 169606 Cash paid for salaries and all other compensation of offi cers and other home office employees Cash paid for taxes on new premiums 150374 on re newals 29296 Cash paid for personal property tax Cash paid for insurance department fees and agents licenses Cash paid for rent including companys occupancy Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 88669 printing 588724 postage 137042 15 In 163971 43 8587 50 1118 10 173677 03 15750 00 3824 41 48 00 437 23 538 00 7626 16 7586 40 6866 84 23237 15 1796 70 39 36 1195 85 3370 46 631 29 8144 35 226 COMPTROLLERGENERALS REPORT 28 Cash paid for legal expenses 2605 30 29 Cash paid for the following items viz Loss on sale of honds 450000 collections 1053 interest 39640 telephone and telegraph 46564 subscriptions 23386 electricity 18148 medical directors fees 1220000 traveiing expenses 2900 surety bonds 14650 petty office expense 42650 actuarial ins 2700 total 5899 40 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 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 all 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 advanced during the year 11 Total net or ledger assets 12 Deduct depreciation from cost of assets to bring same to market value 158314 41 21283 51 1206 42 222612 60 50 00 12494 50 12680 92 270327 95 11827 60 13 Total net or ledger assets less depreciation 258500 35 OTHER ASSETS 15 Interest due 95000 and accrued 1 31517 on bonds and stocks 17 Interest accrued on premium notes loans or liens 2265 17 495 52 Total carried out New Business Renewals 23 Gross premiums due and un reported on policies in force December 31 1905 13827 30 12459 46 24 Gross deferred premiums on policies in force December 313905 2255 41 2216 21 2760 63 Totals 16082 71 25 Deducting loading 15 per cent on new and 15 per cent on renewals 2 412 41 14705 67 2205 85 26 Net amount of uncollected and deferred premiums 13670 30 12499 82 27 Furniture fixtures and safes 2900 supplies and station ery 2000 total 28 Total assets as per the books of the company 26170 12 4900 00 292331 16COMPTROLLERGENERALS REPORT 227 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 290000 stationery 1200000 4900 00 6 Agents balances 12680 92 Total 17580 92 9 Total assets less items not admitted 274750 24 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of Decem ber 1905 computed according to the Actuaries table of mortality with four per cent interest 108841 00 Deduct net value of risks of this com pany reinsured in other solvent companies 2539 00 Net reinsurance reserve 106302 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 8750 30 5 Claims for death osses and matured en dowments in process of adjustment or adjusted and not due 7000 00 6 Claims for death losses and other policy claims resisted by the company 10000 00 Total policy claims 25750 30 16 Amount of any other liability of the company viz Pre miums paid in advance 1101019 miscellaneous 148292 2493 11 17 Liabilities on policyholders account 134545 41 18 Gross surplus on policyholders account 140204 83 19 Total liabilities 274750 24 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 188 320150 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 165 332750 00 Total 353 652900 00 Deduct number and amount which have ceased to be in force during the year 59 103400 00 Total number and amount of policies in force in Georgia December 31 1905 294 549500 00228 COMPTROLLEtGENERALS REPORT Amount of losses and claims on policies incurred during the year 1 2000 00 Total 1 2000 00 Amount of losses and claims on policies paid during the year 1 2000 00 Amount of premiums collected or secured in Georgia during the year in cash 1750337 notes or credit 55618 without any deduction for losses dividends commis sions or other expenses total 18059 55 CITIZENS LIFE INSURANCE COMPANY OF LOUISVILLE KY W H Gregory President L W Key Secretary Principal Office Union National Bank Building Louisville Ky H H Cabaniss Atlanta Attorney for Service in Georgia I CAPITAL STOCK Amount of capital stock paid up in cash 148240 00 Amount of net or ledger assets Decemher 31 of previous year Increase of capital during 1905 129168 83 48240 00 Extended at IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poll cies without deductions for commis sions or other expenses Cash received for renewal premiums without deductions for commissions or other expenses From dividends applied to pay running premiums see item 11 Disbursements n 3 252428 72 20232 35 700 35 273m 42 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company renewals 4878 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 177408 83 268482 65 1078 72 2362 51 7 63 1676 76 COMPTROLLERGENERALS REPORT 14 Cash received for profits on sales of bonds or stocks 19 From all other sources viz Surplus per sale of stock 3816300 cash with applications 673524 home office building 55000 00 Total income IIIDISBURSEMENTS FOB THE YEAR 1905 1 Cah paid for death claims including revisionary addi tions 10 Cash dividends paid policyholders 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance new policies 19 Cash paid for medical examiners fees 1283600 in spection risks 333377 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 licenses 59846 municipal licenses 123370 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 273941 printing 698775 postage 244404 28 Cash paid for legal expenses 29 Cash paid for the following items viz Agents expenses 3981870 interest 1991 general expenses 379214 office expenses 232393 collections 5222 paid on home office building 1900000 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other mar ketable collateral Premium notes Cost value of bonds and stocks owned excluding accrued interest at time of purchase Cash in companys office Cash deposited in banks Agents ledger balances B 10 13 Total net or ledger assets 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 229 150 62 99898 24 373657 13 9000 00 735 00 117633 62 16169 77 26258 13 1832 10 1782 19 4520 65 12171 20 750 00 65036 90 255854 91 55000 00 47117 00 25725 00 25300 73 36450 00 7418 18 93162 1 5037 9 295211 Of 499 95 67 09 259 13 Total carried out 826 17230 COMPTROLLERGENERALS REPORT 23 Gross premiums due and un New Business reported on policies in force December 311905 44858 14 24 Gross deferred premiums on policies in force December 31 1905 5043 83 Renewals 5754 04 1832 67 Totals 49901 97 25 Deducting loading 20 per cent on new and renewals 99s0 39 7586 67 1517 33 26 Net amount of uncollected and deferred premiums 3992158 27 Furniture fixtures and safes 6069 34 Total assets as per the books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 5771 09 5037 98 45990 92 5771 09 347799 23 Total 9 Total assetp less items not admitted VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed by the Ken tucky Insurance Department on the combined table of mortality with 4 per cent interestI Deduct net value of riBVs of this company reinsured in other solvent companies 10809 07 336990 16 69307 00 1950 00 Net reinsurance reserve 3 Claims for death losses due and unpaid 16 Amount of any other liability of the company Bills payable 17 Capital stock 18 Surplus unaseigned 67357 00 1000 0G 9122 25 36000 00 148240 00 75270 91 19 Total liabilities 336990 16 Business in Georgia During 1905 Number and amount of policies on the lives of No Amount citizens ol Georgia issued during the year 196 773000 00 Deduct number and amouut which have ceased to be in force during the year 29 122500 00 Total number and amount of policies in force in Georgia December 31 1905 167 650500 00COMPTROLLERGENERALS REPORT 231 947779 13 COLUMBIAN NATIONAL LIFE INSURANCE CO OF BOSTON MASS Percy Parker President William H Brown Secretary Principal Office 176180 Federal St Boston Alfred C Newell Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cashS 200000 00 Amount of net or ledger assets Decem ber 31 of previous year 947779 Extended at nINCOME DURING THE YEAR 1905 1 Cash received for premi ums on new policies without deductions for commissions or other expenses 1J Cash received for renewal premiums without de ductions for commis sions or other expenses 2 Industrial premiums 5 Consideration for annui ties other than matured installment policies 637777 89 487025 74 269160 48 10239 15 Total 1404203 26 6 Deduct amount of premi ums paid to other com panies for reinsurance on policies in this com pany new business 6132 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 11 Cash received for interest on other debts due the company 19 From all other sources viz Advance payments for premiums and miscella neous 1398070 79 5422 25 21256 75 12520 57 12642 22 Total income 1449912 58232 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS POE THE YEAR 1905 1 Cash paid for death claims 153969 79 7 Total net amount actually paid for losses 153969 79 9 Premium notes loans or liens voided by lapse 6609 88 10 Cash dividends paid policyholders 31i 23 13 Surrender values paid in cash includ ing surrendered policies 6287 81 Total paid policyholders 167182 71 16 Cash paid stockholders for interest on dividends 6 per cent per annum for 2 years from September 11 1902 to March 11 1905 30000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 5761206 renew als 3291539 on industrial 5530644 145833 89 18 Cash paid for salaries and allowances to managers and agents 92248 17 19 Cash paid for medical examiners fees 1064110 inspection of risks 17 16985 27800 95 20 Cash paid for salaries and all other com pensation of officers and other home office employees 60 827 76 21 Cash paid for taxes on new premiums 22 Cash paid for taxes on reserves 8544 Hi 24 Cash paid for rent received under sub tease 24316 81 26 Cash paid for furniture fixtures and safes for home and agency offices 14413 13 27 Cash paid for advertising 369717 print ing 979404 postage 284265 16333 86 28 Cash paid for real estate expenses other than taxes For legal expenses 5030 74 29 Cash paid for the following items viz telephone and telegraph 5240 33 Interest on bonds purchased 371960 premiums charged off bonds 134670 5066 30 Total miscellaneous expenses 454 33864 18i681 83 30 Total disbursements 62152135 8I Balance 1776170 36COMPTROLLERGENERALS REPORT 233 11 12 13 IVASSETS AS PER LEDGER ACCOUNTS Loans on mortgage first liens on real estate 178800 00 Loans secured by pledge of bonds stocks or other marketable collaterals 40000 00 Loans made in cash to policyholders on this companys policies assigned as collateral 6163 30 Premium notes loans or liens on policies in force of which 6033661 was re ceived during the year 60336 61 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 758657 18 Cash in companys office 179870 cur rency 8035709 checks received De cember 30 1905 too late for deposit 82155 79 Cash deposited in banks 650057 48 Total net or ledger assets as per balance 1776170 36 Deduct depreciation from cost of assets to bring same to market value 8314 68 Total net or ledger assets less depreciation 1767855 68 14 15 17 18 OTHER ASSETS Interest accrued on mortgages 1935 64 Interest accrued on bonds and stocks 8119 16 Interest accrued on premium notes pol icy loans or liens 70 89 Interest accrued on other assets 594 74 Total carried out 23 24 25 26 Gross premiums due and unreported on policies in force December 31 1905 Gross deferred premiums on policies in force De cember 31 1905 Totals Deducting loading 22 077A per cent on new and renewals New Business 124106 28 16590 96 140697 24 31808 44 Renewals 60238 83 43987 19 104226 02 23563 13 10720 43 28 Net amount of uncollected and deferred premiums 108888 80 80662 89 18955169 Total assets as per books of the company 1968127 80234 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all outstanding pol icies in force on the 31st day of Decem ber 19 computed according to American Experience Table of Mor tality with per cent interest 1354592 00 Net reinsurance reserve 1354592 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 15131 25 6 Claims for death losses and other policy claims resisted by the company 1650 00 Total policy claims 16781 25 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders lJ0 84 13 Amount due on account of salaries rents and office expenses 8335 78 16 Amount of any other liability of the company viz Pre miums paid in advance 126470J and miscellane ous 229385 14940W 17 Liabilities on policyholders accountI 1394790 77 18 Gross surplus on policyholders account including cap ital stock 20000000 573337 03 19 Total liabilities 1968127 80 Business in the State of Georgia during the year 1905 No Amount Number and amount of policies on the lives of citizens of Georgia issued during the year 59 237980 00 Total 39 237980 00 Deduct number and amount which have ceased to be in force during the year 4 25000 00 Total number and amount of policies in force in Geor gia December 31 1905 55 21298000 Amount of premiums collected or secured in Georgia during the year in cash 525256 in notes or credit 4000 total 529256COMPTROLLERGENERALS REPORT 235 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD CONN John M Taylor President Herbert H White Secretary Principal Office 36 Pearl Street Hartford Conn Max L Byck Savannah Attorney for Service in Georgia ICAPITAL STOCK Amount of ledger assets as per balance December 31 of previous year 1904 62921375 60 Extended at 62921375 60 II INCOME As shown by the books at home office at close of business Dec 31 1905 1 First years premiums on original policies without deduction for commissions or other expenses 445636 96 2 Surrender values applied to pay first years premiums 1658 71 3 Total first years premiums on original policies 447295 67 5 Surrender values applied to purchase paidup insurance and annuities 75399 74 6 Consideration for original annuities in volving life contingencies 24299 67 8 Total new premiums 546995 08 9 Renewal premiums without deduction for commissions or other expenses in addition to items 10 and 11 4062376 01 10 Dividends applied to pay renewal pre miums 868368 20 11 Surrender values applied to pay renewal premiums 4225 62 13 Total renewal premiums 4934969 83 14 Total premium income 5481964 91 18 Interest on mortgage loans 1228115 75 19 Interest on collateral loans 1050 00 20 Interest on bonds and dividends on stocks 1136122 62 1 Interest on premium notes policy loans or liens 74143 82 22 Interest on other debts due the company 24497 01 23 Discount on claims paid in advance 1432 32 24 Rent from companys property including 3500000 for companys own occupancy 512341 42 977 702 94 25 Total interest and rents oosok 9ft 26 Profit on sale or maturity of ledger assetsdd8J mil 8493566 05 28 Total income236 COMPTROLLERGENERALS REPORT DISBURSEMENTS 1 For death claims 4371857 52 2 For matured endowments 310680 00 3 Net amount paid for losses and matured endowments 4682537 52 4 For annuities involving life contingencies 17685 0 6 Surrender values paid in cash 488998 32 7 Surrender values applied to pay new premiums see in come No 2 165871 to pay renewal premiums see income No 11 422562 5884 33 8 Surrender values applied to purchase paidup insurance and annuities see income No 6 75399 74 9 Dividends paid to policyholders in cash 245890 55 10 Dividends applied to pay renewal premiums see income No 10 868368 20 12 Total paid policyholders 6384763 75 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 11394922 re newal premiums 29073452 on annuities original 33040 405014 14 17 Salaries and allowances for agencies including mana gers agents and clerks 45571 29 18 Agency supervision traveling and all other agency expenses 16169 37 19 Medical examiners fees 24451 36 20 Salaries and other compensation of officers and home office employees 166216 26 21 Rent including 350000 for companys own occupancy less 26500 received under sublease 41578 72 22 Advertising 3533244 printing and stationery 3019166 postage 184124S 83936 58 23 Legal expenses 15039 84 25 Insurance taxes licenses and department fees 171713 34 26 Taxes on real estate 170937 08 27 Repairs and expenses other than taxes on real estate 217300 43 29 All other disbursements Express 236831 tele graph 237118 traveling 758103 miscellaneous 1251384 24837 36 30 Total disbursements 7767579 52 IVLEDGER ASSETS 1 Home office property 1916236 00 Book value of real estate unincumbered 8422540 90 2 Mortgage loans on real estate first liens 23761690 48 3 Loans secured by pledge of bonds stock or other col lateral 30000 00 4 Loans made to policyholders on this companys policies assigned as collateral 861615 00 5 Premium notes on policies in force 461927 76COMPTROLLERGENERALS REPORT 237 6 Book value bonds excluding interest 2557112434 stocks 82907625 26400200 59 7 Deposited in trust companies and banks on interest J P Morgan Co New York 74211921 First National Bank Hfd 23787104 State Bank Hfd 24413032 Phoenix Nation tl Bank Hfd 20992939 1434049 99 8 Deposited in banks not on interest Oonn Trusr S D Co Hfd 27847722 City Bank Hfd 5493888 333416 10 9 Bills receivable 8000 agents balances 116265 1242 65 State of New York comptrollers certificates 24442 69 10 Total ledger assets 63647362 13 11 12 18 14 15 16 NONLEDGER ASSETS Interest due 3065634 and accrued 48731479 on mortgages 517971 13 Interest accrued on bonds and stocks 257540 51 Interest accrued on collateral loans 437 50 Interest due 9939866 and accrued 1411026 on premium notes policy loans or liens 113508 92 Interest accrued on other assets 661 99 Rents due 551194 and accrued 1675188 on companys property or lease 22263 82 17 19 21 23 24 25 Total interest and rents due and accrued Market value not including interest in item 12 of bonds and stocks over book value Gross premiums due and un New Business Renewal reported on policies in force December 31 1905 5793 96 82377 00 Gross deferred premiums on policies in force December 311905 41829 39 348645 78 Totals 47623 35 431022 78 Deduct loading 19 per cent 9048 44 81894 33 Net amount of uncollected and deferred premiums 38574 91 349128 45 912383 87 1092721 91 389703 36 27 Gross assets 66040171 27 DEDUCT ASSETS NOT ADMITTED 30 32 35 36 Agents debit balances Bills receivable 1162 65 80 00 Total 1242 65 Total admitted assets 66038928 62238 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany on the combined experience or actuaries table of mortality with 4 per cent interest 58658873 00 Same for annuities including those in re duction of premiums 182495 00 Net reserve 58841368 00 3 Liability on policies canceled and not included in item 1 upon which a surrender value may be demande 1 156911 00 4 Claims for death losses due and unpaid 24777 58 5 Claims for death losses in process of ad justment or adjusted and not due 208249 00 6 Claims for death losses which have been reported and no proofs received 94017 00 7 Claims for matured endowments due and unpaid 16818 00 8 Claims for death losses and other policy claims resisted by the company 5030 00 9 Due and unpaid on annuity claims involv ing life contingencies 58 68 10 Total policy claims 12 Premiums paid in advance including surrender values so applied 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 22 Real estate contingent depreciation account 24 Unassigned funds surplus 348920 26 37772 59 1440816 06 300000 00 4913140 71 25 Total liabilities 6603S928 62 Business in Georgia during 1905 Policies on the lives of citizens of said State in force No Amount December 31 1904 489 1356207 00 Policies on the lives of citfzens of said State issued increased and revived during the year 64 166602 00 Total 553 1522809 00 Deduct ceased to be in force and decreased during the year 31 106977 00 Policies in force December 31 1905 522 1415832 00 Losses and claims unpaid December 31 1904 Losses and claims incurred during the year 1 13 1320 00 47890 00 Total 14 49210 00COMPTROLLERGENERALS REPORT Losses and claims settled during the year in cash 4654402 by compromise 16598 13 239 46710 00 Losses and claims unpaid December 31 1905 IS Premiums collected or secured in cash and note or credits without any deductions for losses dividends commissions or other expensesS 2500 00 38113 12 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Paul Morton President William Alexander Secretary Principal Office 120 Broadway New York Henry H Steiner Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 385383343 Extended at IIINCOME DURING THE YEAR 1905 385383343 96 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 5319256 26 1 Cash received for renewal premiums without deductions for commissions or other expenses 52016919 98 2 From dividends applied to purchase paidup additions and annuities 1103065 40 4 From surrender values applied to pur chase paidup insurance and annuities 2057789 59 4 Consideration for supplementary con tracts involving life contingencies b01180 00 5 Consideration for annuities other than matured installment policies 1080937 88 7 Total premium income 61879149 11 1 Consideration for supplementary not involving life contingencies 181381 70 8 Cash received for interest on mortgage loans 3614735 15 9 Cash received for interest on bonds owned and divi dends on stock 9252288 95 i0 Cash received for interest on premium notes loans or 1 liens 144900066 11 Cash received for interest on other debts due the com pany collateral loans 31881 40 12 Interest on other debts due the company 607561 16240 COMPTROLLERGENERALS REPORT 13 Cash received for rents for use of companys property including 37852500 for companys own occupancy 1903758 20 16 Profit on sale of ledger assets 1760525 44 19 From all other sources viz Adjustment book value stock and bonds 8425038 00 Total income 89105319 77 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including revisionary additions 18651359 04 3 Cash paid for matured endowments and additions thereto 4083451 29 Total 22734810 33 6 Deduct amount received from other companies for losses or claims on poli cies of this company reinsured 5000 00 7 Net amount actually paid for losses and matured endow ments 22729810 33 8 Cash paid to annuities 1057785 84 10 Cash dividends paid policyholders 5605937 55 12 Cash dividends applied to purchase paidup additions and annuities see item 3 income 1103065 40 13 Surrender values paid in cash 8605185 7S 15 Surrender values applied to purchase paidup insurance and annuities see item 4 income 2057789 59 Total paid policyholders4115957449 16 Cash paid stockholders for interest on dividends 7000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurancenew policies 317358532 renewals 420588142 on annuities 2529672 7404763 46 18 Cash paid for salaries and allowances to managers and agents 754203 09 Oah paid for medical examiners fees 48127681 inspection of risks 12305008 604326 89 Gash paid for salaries and all other compensation of officers and other home office employees 1430238 05 Agency supervision and all other agency expenses 263216 76 Cash paid lor taxes on real estate 351760 44 21 Cash paid for insurance department fees agents and municipal licenses 38318 95 21 Cash paid for rent companys occupancy 399696 00 25 Cash paid for commuting commissions H4534 89 253 Losses on sales of real estate 245263 57 26 Cash paid for furniture fixtures and safes for home and agency offices 27075 42 27 Cash paid for advertising 24793349 printing and sta tionery 20870562 postage 12137603 including 9352218 for improvements 578015 14 19 20 21COMPTROLLERGENERALS REPORT 241 29 28 Gash paid for real estate expenses other than taxes 55972655 for legal expenses 13657059 696297 14 Cash paid for the following items viz Paid for claims on supplementary contracts not involving life contin gencies 147208 99 extraordinary expenses incurred through the several examinations of the society 45o 688 82 agents balances written off loss on policies by forgery loss through adjustment of assets and liabili ties not previously carried on books 352538 12 re duction book value of real estate reserve to provide for loss on agents and other balances etc 9360033 97 10313467 90 30 Total disbursements 64761752 19 IVASSETS AS PEB LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumbrances 28459270 00 2 Loans on mortgage first liens on real estate 86530982 50 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 215000 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 29340265 53 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase 243706855 00 7 Cash in companys office 27072 09 8 Cash deposited in banks and trust companies 14532322 06 10 Agents ledger balances after deducting reserve for doubtful accounts 7156888 72 Refund of taxes due from several States 250229 72 11 Total net or ledger assets 410218885 62 12 Deduct liabilities carried on books but included per contra 491974 08 13 Total net ledger assets 409726911 54 OTHER ASSETS 14 Interest due 2799945 and accrued 35473061 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 18 Interest due 9703612 and accrued 20000000 on other assets 19 Rents due 5125424 and accrued on companys prop erty or lease 102248 49 16 in 382730 06 2984915 00 2238 89 297036 12 153502 73242 COMPTROLLERGENERALS REPORT 23 Gross premiums due and unreported on policies in force December 31 1905 24 Gross deferred premiums on policies in force De cember 311905 Totals 25 Deducting loading 20 per cent New Business Renewals 741990 00 4812794 00 164353 00 2947492 00 906343 00 181269 00 7760286 00 1552057 00 26 Net amount of uncollected and deferred premiums Agents balances 725074 00 6208229 00 6933303 00 1145 50 Total assets as per books of the company 420973756 92 ITEMS NOT ADMITTED 5 Agents balances 7158034 22 8 Interest on agents balances 200000 00 Total 7358034 22 9 Total assets less items not admitted 413615722 70 V LIABILITIES I Net present value of all outstanding poli cies in force on the 31at day of Decem ber 1905 computed according to the actuaries table of mortality with four per cent interest and the American experience table of mortality with three and three and onehalf per cent interest 329676707 00 Same for reversionary additions and annuities 15964845 00 1451110 00 740 35 Net reinsurance reserve 345641552 00 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the society 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 3 Claims for death losses due and unpaid 2611 00 4 Claims for matured endowments due and unpaid 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 5 Claims for death losses which have been reported and no proofs received 7 Amounts due and unpaid on annuity claims 408090 32 200356 38 2224414 00 16368 00 Total policy claims 2905491 95COMPTROLLERGENERALS REPORT 243 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 566776 19 11 Premiums paid in advance including surrender values so applied 568836 00 13 Amount du on account of salaries rents and office ex penses etc in excess of the loading deducted from overdue premiums 296 584 99 16 Amount of any other liability of the company viz In terest paid in advance 78000000 rents paid in ad vance 8307678 deposit on policy proposals 22 39839 capital stock 10000000 985475 17 18 Gross surplus on policyholders account including re serve for distribution on deferred dividend policies at the end of their accumulation periods 61099156 05 19 Total liabilities 413615722 70 Amount 16380062 00 2759223 00 in the State of Georgia during the year No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 7395 Number and amount of policies on the lives of citi zens of Georgia issued during the year 1429 Total 8824 19139285 00 Deduct number and amount which have ceased to to be in force during the year 1591 3246028 00 Total number and amount of policies in force in Georgia December 31 1905 7233 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 10 Amount of losses and claims on policies in Georgia incurred during the year 110 Total 120 Amount of losses and claims on policies in Georgia paid during the year 116 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 15893257 00 20095 00 315845 00 335940 00 312990 00 530895 99244 COMPTROLLERGENERALS REPORT 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 7107489 27 Extended at 7107489 27 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 655566 44 Cash received for renewal premiums without deductions for commissions or other expenses 2916031 40 2 Premium notes loans or liens taken in part payment for premiums on new policies 68642 28 2 Premium notes loans or liens taken in part payment for renewal premiums 243422 81 3 From dividends applied to pay running premiums see item 11 disbursements 32S87 85 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 595 SO 4 From surrender values applied to pay run ning premiums see item 14 disburse ments 1187 65 5 Consideration for annuities other than ma tured installment policies 2642 12 Total 3920976 35 6 Deduct amount of premiums paid to other companies for reinsurance on policies iu this company new business 1227364 renewals f55400 2827 64 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stocks 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the comp my 13 Cash received for rents for use of companys property in cluding 3250000 for ompanys own occupancy 3318148 71 25331 37 156328 30 71593 95 55859 36 82754 73COMPTROLLERGENERALS REPORT 245 14 Cash received for profits on sales of bonds or stocks and real estate 21568 20 18 Policy fees 4440 85 19 From all other sources viz Policy exchange 1234396 08 Total income 5570421 55 IIIDISBURSEMENTS POE THE YEAE 1905 1 Cash paid for death claims including re versionary additions 1181240 83 5 Cash paid for sums falling due during the year on installment policies 17755 73 Total 1198996 56 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 15 000 00 8 10 11 12 13 14 17 18 19 20 21 22 23 24 25 26 27 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 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 Total paid policyholders 1376722 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 44064212 renewals 21123470 annuities 3000 Agency supervision traveling and all other expenses Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 4872129 inspec tion of risks 2144062 Cash paid for salaries and all other compensation of officers and other home office employees Cash paid for taxes on premiums Cash paid for taxes on real estate and investments Cash paid for insurance department fees and agents licenses 886454 municipal licenses 40678 Cash paid for rent including 3250000 companys occu pancy less 50000 received under sublease Cash paid for commuting commissions Loss on sale or maturity of ledger assets Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 2550533 printing 3839897 postage 2127748 1183996 56 1202 09 15015 68 32887 85 595 80 141836 54 1187 65 651906 82 69209 33 111864 50 70161 91 174555 88 54097 62 20850 84 9271 32 58093 19 31241 91 14943 54 8057 06 85181 78246 COMPTROLLERGENERALS REPORT 28 Cash paid for real estate expenses other than taxes 26 28493 for legal expenses 829838 34583 31 29 Cash paid for the following items viz Expressage and telegrams 608354 dining service midday meals 1204796 miscellaneous expenses 651357 24645 07 Total miscellaneous expenses 1418664 08 30 Total disbursements 2795386 25 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other market able collaterals 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 6864228 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 9 Bills receivable 10 Agents ledger balances 13 Total net or ledger assets OTHER ASSETS 14 Interest due 262500 and accrued 13 51688 on mortgages 16141 88 15 Interest due 100000 and accrued 149 77989 on bonds and stocks 50779 89 16 Interest accrued on collateral loans 1405 14 17 Interest accrued on premiums notes loans or liens 56747 99 19 Rents due on companys property or lease 798 60 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business 23 Gross premiums due and nnreported on policies in force December311905 24 Gross deferred premiums on policies in force De cember 31 1905 9230 94 40119 41 Renewals 162903 20 360112 07 1330070 74 844529 24 224575 00 2442918 19 312065 09 3933829 95 1135 06 258317 88 2247 87 532835 55 9882524 57 125873 50 39129 26 114881 40 49350 35 523015 27 Totals 25 Deducting loading 75 per cent on new and 19 per centon renewals 37012 76 99372 90 26 Net amount of uncollected and deferred premiums 12337 59 423642 37 28 Total assets as per the books of the company 1059S388 60 435979 9COMPTROLLERGENERALS REPORT 247 ITEMS NOT ADMITTED 5 Agents balances 532835 55 7 Bills receivable 2247 87 Total 535083 42 9 Total assets less items not admitted 10063305 27 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with four per cent interest and American table at Z per cent 861273100 Deduct net value of risks of this company reinsured in other solvent companies 2475 00 Net reinsurance reserve 8610256 00 Special surplus 25995 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 2319 48 5 Claims for death losses and matured en dowments in piocess of adjustment or adjusted and not due 127147 40 6 Claims for death losses and other policy claims resisted by the company 7500 00 8 Piesent value of unpaid amounts on ma tured installment policies face 202 04011 155441 34 Total policy claims 292408 22 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 22605 60 11 Commission due agents when premium notes are paid 33449 00 13 Amount due on account of salaries rents and office ex 19340 23 penses 16 Amount of any other liability of the company viz Pre miums paidin advance 6395 33 liability on policies cancelled and not included in item No 1 6119981215JH 17 Liabilities on policyholders account 9016560 36 18 Gross surplus on policyholders account 1046733 91 19 Total liabilitiee10635 27 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 248 COMPTROLLERGENERALS REPORT Number and amount of policies on the lives of citi zens of Georgia issued and paid for during the year 253 548395 00 Total 1536 30792S1 00 Deduct number and amount which have ceased to be in force during the year 190 327794 00 Total number and amount of policies in force in Georgia December 31 1905 1346 2751487 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 1000 00 Amount of losses and claims on policies in Georgia incurred during the year 16 41000 00 Total 17 42000 00 Amount of losses and claims on policies in Georgia paid during the year 16 39000 00 Amount of premiums collected or secured in Georgia during the year in cash 7045865 and notes or credits 1228162 without any deduction for losses dividends commissions or other expenses 82740 27 FRANKLIN LIFE INSURANCE COMPANY SPRINGFIELD ILL Edgar S Scott President Henry Abels Secretary Principal Office 5th and Monroe Streets Springfield 111 W T Ledisetter Rome Attorney for Service in Georgia ICAPITAL stock Amount of net or ledger assets December 31 of previous year 2186028 65 Extended at 2186028 65 IIINCOME DURING YEAR 1905 1 Received for premiums on new policies without deductions for commissions or other expenses 267456 68 1J Received for renewal premiums without deductions for commissions or other ex penses 761334 85 2 Premium notes loans or liens taken in part payment for renewal premiums 114027 68 3 From dividends applied to pay running premiums see item 11 disbursements 3833 25 4J From surrender values applied to purchase paid up insurance and annuities see item 15 disbursements 3165 06 Total 1149817 52COMPTROLLERGENERALS REPQRT 249 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New business 71903 renewals li9792 1916 95 7 Total premium income 1147900 57 8 Cash received for interest on mortgaae loans 24383 09 9 Cash received for interest on bonds owned and dividends on stock 11865 44 10 Received for interest on premium notes loans or liens 50428 49 11 Cash received for interest on other debts due the company 15091 79 13 Cash received for rents for use of companys property 9688 01 17 Premium notes loans or liens restored by revival of policies 863 20 19 From all other sources viz Trust fund 14 75 Total income 1260235 34 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including re versionary additions 244435 70 2 Premium notes loans or liens used in the pavment of the same 1690 04 7 Total net amount actually paid for losses and matured en dowments 11 Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid 15 Surrender values applied to purchase paid up insurance and annuities see item 4 iticome Total paid policyholders 293090 26 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 19242036 renewals 7335745 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 16160 inspection of risks 836862 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on new piemiums and renewals 22 Cash paid for taxes on investments 23 Cash paid for insurance department fees and agents li censes 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 108726 printing 1255366 postage 378995 246125 74 3833 25 17586 28 3165 06 265777 81 31310 21 24528 62 59662 99 10640 74 10583 55 5264 59 4005 00 28497 55 192 55 17430 87250 COMPTROLLERGENERALS REPORT 28 Cash paid for real estate expenses other than taxes 615190 for legal expenses 524394 29 Cash paid for the following items viz Premium and loss on investments 1605227 collection 169399 in vestment expenses 65375 miscellaneous 4123 46 Total miscellaneous expenses 49183 79 30 Total disbursements 11395 84 22523 47 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Loansvmade to policyholders on this companys policies 5 Premium notes in force during the year 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 8 Cash deposited in banks 10 Agents ledger balances 784904 05 120738 41 807650 00 45500 00 1161997 59 11676 90 476173 00 36167 44 1456 60 13 Total net or ledger assets 2631359 94 OTHER ASSETS 14 Interest accrued on mortgages 21104 23 15 Interest accrued on bonds and stocks 0720 79 16 Interest accrued on collateral loans 340 83 17 Interest accrued on premiums notes loans or liens 23515 38 18 Interest accrued on other assets 20 62 19 Rents accrued ou companys property or lease 242 64 Ttal carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and unreported on policies in force December 31 24 Gross deferred premiums on policies in force December 31 Renewals 444s 45 81625 98 51944 49 12848 14 Total 25 Deducting loading 126108 43 22496 95 26 Net amount of uncollected and deferred premiums 28 Total assets as per the books of the company 103611 48 2829764 05 ITEMS NOT ADMITTTD 5 Agentsbalances 1456 60 7 Loans liens and net premiums in excess of reserve 17130 14 Total 9 Total assets less items not admitted 18586 74 2811177 31COMPTROLLERGENERALS REPORT 251 VLIABILITIES 1 Net present value of all the outstanding policies in forceonthe31st day of Decem ber 1905 computed according to the actuaries table of mortality with four per cent interest Deduct net value of risks of this com pany reinsured in other solvent com panies 2349052 00 1035 00 Net reinsurance reserve Claims for death losses and matured en dowments in process of adjustment or adjusted and not due Claims for death losses and other policy claims resisted by the company 9 Amount of trust funds held by the com pany 1 2348017 00 6 15262 38 6812 22 16595 18 Total policy claims 14 Amount due by the company for borrowed money 16 Amount of any other liability of the company viz Pre miums paid in advance Fund held for special class of policies 11003967 funds for all other contingencies 19 Total liabilities 2811177 31 38669 78 7417 99 6714 04 410358 53 Business in Georgia during 1905 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre No vious year 11895 Number and amount of policies on the lives of citi zens of Georgia issued during the year 424 Total 2319 Deduct number and amount which have ceased to be in force during the year 661 Total number and amount of policies in force in Georgia December 31 1905 1658 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 Amount of losses and claims on policies in Georgia incurred during the year 8 2701083 00 591261 00 3292344 00 918582 00 I 2373762 00 1000 00 8749 45 Total 9 Amount of losses and claims on policies paid in Geor gia during the year 8 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividendscommissions or other expenses 9749 45 8710 87 76207 05252 COMPTROLLERGENERALS REPORT THE GERMANIA LIFE INSURANCE COMPANY OF NEW YORK N Y Coenklius Doremds President Carl Heye Secretary Principal Office 20 Nassau St New York N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of netor ledger assets Decem ber 31 of previous year 32857683 48 Extended at 32857683 48 IIINCOME DURING THE YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 641053 78 Cash received for renewal premiums without deductions for commissions or other expenses 3754095 77 3 From dividends applied to pay running premiums see item 11 disbursements 1375S7 34 From dividends applied to purchase paid up additions and annuities see item 12 disbursements 38317 90 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements Ill 647 48 5 Consideration for annuities other than matured installment policies 17442 82 li SJ 4J Total 4700145 09 6 Deduct amount of premiums paid to other companies for renewals 4460 30 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 company 13 Cash received for rents for use of companys property including 3514000 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 supplemen tary contracts involving life contingencies 77053 not involving life contingencies 8441300 policv fees 227863 4695684 79 808693 06 395303 16 120430 22 11441 85 235271 05 11643 75 4212 45 7462 16 Total income 6290142 49COMPTROLLERGENERALS REPORT 25c IIIDISBURSEMENTS FOB THE YEAR 1905 1 Cash paid for death claims including re versionary additions 1337452 08 3 Cash paid for matured endowments and additions thereto 1208437 91 5 Cash paid for sums falling due during the year on installment policies 1875 00 Total 2547764 99 Deduct amount received from other com panif s for losses or claims on policies of this company reinsured of which 15 00000 is for matured endowments 15000 00 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Total net amount actually paid for losses and matured en dowments 2532764 99 Cash paid to annuitants 36776 11 Cash dividends paid policyholders including 421245 re ceived on reinsurance 142469 77 Cash dividends applied to pay running premiums see item 3 income 137587 34 Cash dividends applied to purchase paidup additions and annuities see item 3J income 38317 90 Surrender values paid in cash 292874 85 Surrender values applied to purchase paidup insurance and annuities see item 4J income 111647 48 Total paid policyholders329243844 Cash paid stockholders for interest and dividends 24000 00 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 39534451 renewals 19391925 annuities 38576 589649 52 Cash paid for salaries and allowances to managers and agents 125192 98 Cash paid for medical examiners fees 5358260 in spection of risks 618230 59764 90 Cash paid for salaries and all other compensation of of ficers and other home office employees 127478 95 Cash paid for taxes on renewals 37390 83 Cash paid for taxes on reserves 42350 on real estate investments 3639991 36823 41 Cash paid for insurance department fees and agents licenses 394307 municipal licenses 591585 9858 92 Cash paid for rent including companys occupancy 35140 00 Cash paid for commuting commissions 151 09 Cash paid for furniture fixtures and safes for home and apncy offices 4615 37 Cash paid for advertising 2137044 printing 1284357 postage 1627265 50486 66 Cash paid for real estate expenses other than taxes 87 64234 for leal expenses 587224 93514 58254 COMPTROLLERGENERALS REPORT 29 Cash paid for the following items viz Losses on sales of real estate 11026824 agency supervision traveling and all other agency expenses 13768902 expressage exchange and other expenses 3678395 Total miscellaneous expenses1378808 42 184741 21 30 Total disbursements 4671246 86 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2974710 70 2 Loans on mortgage first liens on real estate 19429628 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2298387 89 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 9299836 28 7 Cash in companys office 2873 92 8 Cash deposited in banks 433227 87 10 Agents ledger balances 37914 45 13 Total net or ledger assets 34476579 11 OTHER ASSETS 14 Interest due 666628 and accrued 31645089 on mortgages 15 Interest due 194666 and accrued 7525421 on bonds and stocks 17 Interest accrued on premiums notes loans or liens 19 Rents due 92000 and accrued 617083 on companys property or lease 21 Market value of bonds and stocks over cost 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1905 18846 04 45849181 24 Gross deferred premiums on policies in force De cember 311905 38162 90 368671 72 323117 17 77200 87 1381 02 7090 83 178989 07 Totals 57008 94 827163 53 25 Deducting loading 2250 percent 12827 01 18611180 26 Net amount of uncollected and deferred premiums 4418193 64105173 685233 66 28 Total assets as per the books of the company 35749591 73 ITEMS NOT ADMITTED 5 Agents balances 37914 45 9 Total assets less items not admitted 35711677 28COMPTROLLERGENERALS REPORT 255 VLIABILITIES 1 Net present value of all outstandiug poli cies in force on the 31st day of Decem ber 1905 computed according to the actuaries table of mortality with 4 per cent interest and the American Ex table with 3J and 3 per cent interest respectively 30374707 00 Deduct net value of risks of this company reinsured in other solvent companies 36358 00 Net reinsurance reserve 30338349 00 3 Claims for death losses due and unpaid 2578 04 4 Claims for matured endowments due and unpaid 60464 00 5 Claims for death losses and matured en dowments in process of adjustment or adj usted and not due 192749 60 6 Claims for death losses aid other policy claims resisted by the company 7404 60 7 Amounts due and unpaid on annuity claims 1917 65 8 Present value of unpaid amounts on ma tured installment policies 27685 73 Total policy claims 292799 62 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyhoiders 69631 78 16 Amount of any other liability of the company viz Pre miums paid in advance 1105007 extra reserve for absolute war and woild policies etc 10540738 amount of reserve on policies cancelled upon which a surrender value may be demanded 624915 122706 60 17 Liabilities on policyhoiders account 30823487 00 18 Gross surplus on policy holders account 4888190 28 19 Total liabilities 35711677 28 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 1715990 30 21 Estimated surplus accrued on all other policies 3172199 98 Businen in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 524 705902 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 214 327000 00 Total 738 1032902 00256 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during the year 94 140583 Oft Tctal number and amount of policies in force in Georgia December 31 1905 644 892319 00 Amount of luseea and claims on policies in Georgia incurred during the year 4 8933 00 Amount of losses and claims on policies in Georgia paid during the year 4 8933 00 Amount of premiums collected or securtd in Georgia during the year in cash without any deduction for losses dividends commissions or other expenses 33957 35 HARTFORD LIFE INSURANCE COMPANY OF HARTFORD CONN Geo E Keeney President Chas H Bacall Secretary Principal Office Hartford Conn W Edward Arnold 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 3211083 80 Extended at 3211083 80 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commissions or other expensesf 121864 53 1J Cash received for renewal premiums without deductions for commissions or other expenses 1937018 53 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 102 79 2i Premium notes loans or liens taken in part payment for renewal premiums 3317 30 3 From dividends applied to pay running premiums see item 11 disbursements 52827 22 3J From dividends applied to purchase paid up additions and annuities see item 12 disbursements o3 42 Total 2115183 79 COMPTROLLERGENERALS REPORT 257 G Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 29623 re newals 30612 10 11 13 14 602 Total premium income Cash received for interest on mortgage loans Cash received for interest on bonds owned and dividends on stock Cash received for interest on premium notes loans or liens Cash received for interest on other debts due the company Cash received for rents for use of companys property in cluding 350000 for companys own occupancy Cash received for profits on sales of bonds or stocks 19 From all other sources viz Reinsurance premiums re turned on canceled policies 275003 dues from safety fund department 14543040 accident premiums 407 19 advance payments in safety fund department 9 17983 interest on collateral loans 17415 2114581 44 17292 31 70817 34 6809 75 7993 39 14207 46 1025 00 157941 60 Total income 2390668 29 IIIDISBUBSEMENTS FOR THE YEAH 1905 1 Cash paid for death claims including re visionary additions 1748549 97 2 Premium notes loans or liens used in payment of the same 27 54 7 Total net amount actually paid for losses and matured endowments 9 Premium notes loans or liens used in purchase of sur rendered policies 273827 voided by lapse 970342 11 Cash dividends applied to pay running premiums see item 3 income 12 Cash dividends applied to purchase paidup additions and annuities see item 3i income 13 Surrender values paid in cash Total paid policyholders1832835 67 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 6811636 renewals 4065996 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 983514 inspec tion of risks 789444 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 748577 51 12441 69 52827 22 53 42 18935 83 40000 00 108776 32 17243 16 17729 58 87144 02 258 COMPTROLLERGENERALS REPORT 21 Cash paid for taxes on new premiums renewals and in surance department fees 30187 51 22 Cash paid for taxes on investments 3899 IS 24 Cash paid for rent including 350000 companys oc cupancy 7047 43 26 Cash paid for furniture fixtures and safes for home and agency offices 5272 87 27 Cash paid for advertising 786977 printing 857182 postage 733048 23772 07 28 Cash paid for real estate expenses other than taxes 3 86730 for legal expenses 771225 11579 55 29 Cash paid for the following Items viz Agency super vision traveling and all other agency expences 12 98579 loss on sale of ledger assets 338550 tax on capital stock 253671 directors fees 31000 agents bond premium 35907 fire insurance 102722 acci dent commissions 6329 reinsurance accident premi ums 30147 safety fund credits 188132 advance payments applied 895534 31805 71 30 Total disbursements 2217293 07 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 219806 00 2 Loans on mortgage first liens on real estate 661000 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 82687 96 5 Premium notes loans or liens on policies in force of which 342009 was received during the year 61003 29 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 742186 25 7 Cash in companys office 10172 57 8 Cash deposited in banks 376914 SS 10 Agents ledger balances 27539 30 Safety funds in security company of Hart ford 1203148 77 11 Total net or ledger assets 33S4459 02 12 Deduct depreciation from cost of assets to bring same to market value 66761 66 13 Total net or ledger assets less depreciation 3317697 36COMPTROLLERGENERALS REPORT L59 OTHEB ASSETS 14 Interest due 17786 and accrued 1325033 on mort gages 15 Interest due and accrued on bonds and stocks 17 Interest due and accrued on premiums notes loans or liens 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 13428 19 22941 SS 404 70 1391 95 844 53 6994 00 2305 38 23 Gross premiums due and unreported on policies in force December 31 1905 24 Gross deferred premiums on policies in force De cember 31 1905 New Business 19851 77 8421 52 Renewals 46307 07 67673 84 25 Totals Deduct loading 70 per cent on new and 20 per cent on renewals 28273 29 113980 91 19791 30 22796 18 26 Net amount of uncollected and deferred premiums 848199 91184 73 Net premiums in safety fund department in course of collection 28 Total assets as per the books of the company ITEMS NOT ADMITTED 5 Agents balances 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 1905 computed according to the actuaries table of mortality with four per cent interest and American per cent Deduct net value of risks of this com pany reinsured in other solvent com panies 99666 72 146000 00 3611674 71 27539 30 3584135 41 974275 05 2510 00 Net reinsurance reserve 3 Claims for death losses due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 156034 00 6 Claims for death losses and other policy claims resisted by the company 971765 05 13521 67 28224 60 Total policy claims 197780 27260 COMPTROLLERGENERALS REPORT 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders and accumula tions 3S214 35 11 Cost of collection in excess of loading 2827 33 12 Balance of taxes to credit of members 7053 60 13 Amount due on account of salaries rents and office ex penses 3000 00 15 Net safety funds 1152975 30 16 Amount of any other liability of the company viz Pre miums paid in advance 1018145 special reserve and surplus on safety fund policies 221387 35 231568 SO 17 Liabilities on policyholders account 2605184 70 18 Gross surplus on policyholders account 978950 71 19 Total liabilities 3584135 41 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of poli cies 33963 44 1 Estimated surplus accrued on all other policies 2250 91 Given in liabilities item 10 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1495 28075 09 Number and amount of policies on the lives of citi zens of Georgia issued during the year 56 117164 00 Total 1551 2924673 00 Deduct number and amount which have ceased to be in force during the year 376 732751 00 Total number and amount of policies in force in Georgia December 31 1905 1175 2191922 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 5 10500 00 Amount of losses and claims on policies in Georgia incurred during the year 33 82000 00 Total 3S 92500 00 Amount of losses and claims on policiesin Georgia paid during the year 34 S2500 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 79760 91COMPTROLLERGENERALS REPORT 261 HOME LIFE INSURANCE COMPANY OF NEW YORK N Y Geo E Ide President Ellis W Gladwin Secretary W A Wright Atlanta Attorney for Service in Georgia Home Office 256 Broadway New York N Y ICAPITAL STOCK 1 Amount of capitl paid up in cash 125000 00 Amount of ledger assets as per balance December 31 of previous year 15967354 41 Extended at 15967354 41 IIINCOME DUEIXG YEAH 1905 First years premiums on original poli cies without deduction for commissions or other expenses less 514238 for first years reinsurance Dividends applied to purchase paidup additions and annuities Consideration for original annuities in volving life contingencies Consideration for supplementary con tracts involving life contingencies 457133 75 224736 12 31125 85 8108 30 8 Total new premiums 9 Renewal premiums in addition to items 10 and 12 without deduction for com missions or other expenses less 15 80369 for reinsurance on renewals 10 Dividends applied to pay renewal pre miums 12 Renewal premiums for deferred annui ties 721104 02 2418458 45 40471 94 31108 27 13 Total renewal premiums 2490038 66 5000 00 14 Total premium income 3211142 68 15 Consideration for supplementary contracts not involving life contingencies 18 Interest on mortgage loans 5 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 216171 80 521 62 347316 64 99764 73 19001 20262 COMPTROLLERGENERALS REPORT 23 Discount on claims paid in advance 601 43 24 Rent from companys property including 24000 for companys own occupancy 102602 39 25 Total interest and rents 785979 81 26 Profit on sale or maturity of ledger assets 38280 94 28 Total income 4040403 43 IIIDISBURSEMENTS FOB THE YEAB 1905 1 For death claims 78105291 additions 32200 781374 91 2 For matured endowments 34245500 additions 5267612 395131 12 3 4 6 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 25 26 27 29 30 Net amount paid for losses and matured endowments 1176506 03 For annuities involving life contingencies 35388 87 Surrender values paid in cash 243161 88 Dividends paid to policyholders in cash 5069 44 Dividends applied to pay renewal premiums see income No 10 4047194 Dividends applied to purchase paidup additions and annuities see income No 4 224736 12 Total paid policyholders 1725334 28 Paid for claims on supplementary contracts not involv ing life contingencies 5391 45 Paid stockholders for interest or dividends 15000 00 Commissions and bonuses to agents less commission on reinsurance first years premiums 23759971 renew al premiums 17308375 on annuities original 2 92223 renewal 219862 415804 31 Commuting renewal commissions 1870 09 Salaries and allowances for agencies including man agers agents and clerks 140545 76 Agency supervision traveling and all other agency ex penses 2189 66 Medical examiners fees 3832500 inspection of risks 335512 41680 12 Salaries and all other compensation of officers and home office employees 141262 52 Rent including 2400000 for companys own occupancy 24000 00 Advertising 1678004 printing and stationery 15727 70 postage 560250 38110 24 Legal expenses 3814 71 Insurance taxes licenses and department fees 47827 40 Taxes on real estate 12630 44 Repairs and expenses other than taxes on real estate 39168 75 All other disbursements Directors fees 528800 mis cellaneous office expenses 952252 14810 52 Total disbursements 2669440 25COMPTROLLERGENERALS REPORT 233 IVASSETS AS PEB LEDGER ACCOUNTS 1 Book value of real estate unincumbered 1656699 76 2 Mortgage loans on real estate first liens 5005089 19 3 Loans secured by pledge of bonds stocks or other collat eral 5950 00 4 Loans made to pollcyholders on this companys policies assigned as collateral 1164674 00 5 Premium notes on policies in force of which 193160 is for first years premiums 571580 13 6 Book value of bonds excluding interest 647316715 stocks 193450015 8407667 30 7 Deposited in trust companies and banks on interest 439734 72 8 Cash in companys office 163783 deposited in banks not on interest 2233414 23971 97 9 Agents balances 62950 52 10 Total ledger assets 17338317 59 NONLEDGER ASSETS 11 Interest due 2500 and accrued 20 66550 on mortgages 20690 50 12 Interest accrued on bonds and stocks 110522 12 13 Interest accrued on collateral loans 138 43 14 Interest accrued on premium notes pol icy loans or liens 1970 10 15 Interest accrued on other assets 1000 00 16 Rents accrued on companys property or lease 2950 85 17 Total interest and rents due and accrued 19 Market value not including interest in item 12 of bonds and stocks over book value New Business Renewals 21 Gross premiums due and unreported on policies in force December 31 1905 3885 17 162626 28 22 Gross deferred premiums on policies in force De cember 31 1905 19302 91 169940 25 23 Totals 23188 08 332566 53 24 Deduct loading 20 per cent 4637 62 66513 31 137272 00 189352 13 9R Net amount of uncollected and deferred premiums 18550 46 266053 22 284603 68 27 Gross assets 17949545 40264 COMPTROLLERGENERALS REPORT DEDUCT ASSETS XOT ADMITTED 30 Agents debit balances 62950 52 36 Total admitted assets 17886594 88 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the in surance department State of New York on the combined Exp and American tables of mortality with 3 Z2 and 4 per cent interest 14445865 00 Same for reversionary additions 1491908 00 Same for annuities including those in reduction of premiums 406239 00 Total 16344012 00 Deduct net value of risks of this company reinsured in other solvent companies 81195 00 Net reserve 16262817 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 46050 00 6 Claims for death losses which have been reported and no proofs received 49315 48 7 Claims for matured endowments due and unpaid 6647 46 8 Claims for death losses and other policy claims resisted by the company 3000 00 10 Total policy claims 58962 94 12 Premiums paid in advance including surrender values so applied 37449 25 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 5119 87 22 Other liabilities Unearned interest on cash loans made to policyholders 2919379 unearned interest on pre mium loans 1760156 fund voluntarily set aside to meet possible fluctuations in the price of securities etc 22500000 271795 35 23 Capital stock 125000 00 24 Unassigned funds surplus 1079400 47 25 Total liabilities 17886594 88COMPTROLLERGENERALS REPORT 265 Business in Georgia luring 1905 No Amount Policies on the lives of citizens of said State in force December 31 of previous year 363 1043076 00 Policies on the lives of citizens of said State issued during the year 250 532555 00 Total 613 1575631 00 Deduct ceased to be In force during the year 56 140764 00 Policies in force December 31 557 1434867 00 Losses and claims incurred during the year 4 6500 00 Losses and claims settled during the year in cash 3 6000 00 Losses and claims unpaid December 31 1 500 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 51667 75 LIFE INSURANCE COMPANY OP VIRGINIA J G Walkek President W L T Rogers Secretary Principal Office 909915 East Broad Street Richmond Va L Z Rossek and Mobeis Brandon Atlanta Attorneys for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 150000 00 Amount of net or ledger assets December 31 of previous year 1828425 30 Extended at 1828425 30 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 197190 66 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 1666813 60 3 From dividends applied to pay running premiums see item 11 disbursements 286 82 4J From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 5577 39 Total 1869868 47266 COMPTROLLERGENERALS REPORT 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 7649 renewals 66439 740 88 7 Total premium income 1869127 59 8 Cash received for interest on mortgage loans 60747 33 9 Cash received for interest on bonds owned and dividends on stock 19560 25 11 Cash received for interest on other debts due the com pany 10068 55 13 Cash received for rents for use of companys property in cluding 324600 for companys own occupancy 4997 42 14 Cash received for profits on sales of bonds or stocks 423 00 19 From all other sources viz Agents cash bonds 1235 73 Total income 1966159 87 IIIDISBURSEMENTS FOE THE YEAR 1905 1 Cash paid for death claims including re visionary additions 552501 43 3 Cash paid for matured endowments and additions thereto 5740 52 5 Cash paid for weekly indemnity claims 809 65 13 15 16 7 Total net amount actually paid for losses and matured endowments 559051 60 8 Cash paid to annuitants 10 50 10 Cash dividends paid policyholders 21011 59 11 Cash dividends applied to pay running premiums sc3 item 3 income 2S6 S2 Surrender values paid in cash 12527 30 Surrender values applied to purchase paidup insurance and annuities see item 4J income 5577 39 Total paid policyholders 598645 20 Cash paid stockholders for interest or dividends 27072 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 15699627 renewals 24129126 398287 53 IS Cash paid for salaries and allowances to managers and agents 210957 32 19 Cash paid for medical examiners fees 43740 97 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 121125 85 21 Cash paid for taxes on new premiums and renewals 25380 26 22 Cash paid for taxes on franchise 230457 State license 353327 personal property 11019 5948 03 23 Cash paid for insurance department fees and agents li censes 42501 municipal licenses 516863 5593 64COMPTROLLERGENERALS REPORT 267 24 Cash paid for rent including 324600 companys occu pancy 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 1518559 printing 15833 94 postage 290475 28 Cash paid for real estate expenses other than taxes 780 02 for legal expenses 1156410 29 Cash paid for the following items viz Traveling exp 447231 general exp 2580194 loss on sale of real estate 115072 profit and loss 35540 agents cash bonds 153573 17908 58 1122 66 5550 54 33924 28 12344 12 33316 10 Total miscellaneous expenses 942271 88 30 Total disbursements 1540917 08 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 1 3 Loans secured by pledge of bonds stocks or other market able collaterals 4 Loans made in cash to policyholders on this companys 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 9 Bills receivable 82264 333354 113095 35695 573562 7696 107647 350 99 03 6S 94 57 89 24 11 Total net or ledger assets 2253668 0 OTHER ASSETS 14 Interest due 214407 and accrued 9 90083 on mortgages 15 Interest due and accrued on bonds and stocks 16 Interest accrued on collateral loans 18 Interest due 12890 and accrued 10 10 on other assets 19 Rents due and accrued on companys property or lease 12044 90 9627 73 1749 96 139 00 239 85 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business 23 Gross premiums due and unreported on policies in force December 311905 3658 42 Renewals 25747 34 23801 44 20885 01 22374 95268 COMPTROLLERGENERALS REPORT 24 Gross deferred premiums on policies in force De cember 31 1905 17665 26 41036 11 Totals 21323 68 66783 45 25 Deducting loading 40 per cent on new and 7i 15 and 40 per cent on re newals 8529 47 9784 55 26 Net amount of uncollected and deferred premiums 12794 21 56998 90 69793 11 27i Premium notes not carried as ledger assets on com panys books 1255 45 28 Total assets as per the books of the company ITEMS NOT ADMITTED 7 Bills receivable 2391778 05 300 24 9 Total aets Irss items not admitted 5 2391477 81 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with four per cent interest and American Ex 3 per cent 1892980 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 345 00 Net reinsurance reserve 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not dueJ 6 Claims for death losses and other policy claims resisted by the company 1892635 00 20S02 06 1000 00 Total policy claims 13 Amount agents cash bonds 16 Amount of any other liability of the company viz Pre miums paid in advance 16J Surrender values claimable on cancelled policies whose reserves are not included in item No 1 21802 06 1100 00 37889 90 2694 00 17 Liabilities on policyholders account 1956120 96 18 Gross surplus on policyholders account 435356 85 19 Total liabilities 2391477 81COMPTROLLERGENERALS REPORT 269 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1871 204618 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year10322 1119105 00 Total 12193 1323723 00 Deductnumber and amount which have ceased to be in force during the year 5284 521383 00 Total number and amount of policies in force in Georgia December 31 1905 6909 802340 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 76 25 Amount of losses and claims on policies in Georgia incurred during the year 87 3919 43 Total 88 3995 68 Amount of losses and claims on policies in Georgia paid during the year 88 3995 68 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without deduction for losses dividends commissions or other expenses 23617 88 MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Henry B Stokes President M W Torrey Secretary Principal Office 646668 and 70 Broadway New York N Y John J Cocgins 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 Decem ber 31 of previous year 17469355 54 Extended at 17469355 54 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 580797 71 1J Cash received for renewal premiums without deductions for commissions or other expenses 2124371 09270 COMPTROLLERGENERALS REPORT 3 From dividends applied to pay running premiums see item 11 disbursements 35221 10 31 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 3543 07 4 From surrender values applied to pay running premiums see item 14 dis bursements 1032 41 4J From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 5739 10 5 Consideration for annuities other than matured installment policies 12018 19 10 11 12 13 14 16 17 18 19 Total 2762722 67 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1225764 renewals 2350852 35766 16 7 Total premium income 2726956 51 8 Cash received for interest on mortgage loans 330632 49 9 Cash received for interest on bonds owned and dividends on stock 160248 61 Cash received for interest on premium notes loans or liens 91545 07 Cash received for interest on other debts due the com pany 14541 39 Interest on collateral loans 19244 21 Cash received for rents for use of companys property in cluding 6000000 for companys own occupancy 293145 44 Cash received for profits on sales of bonds or stocks 47 36026 real estate 537394 52734 20 From dividends and surrender values on reinsurances 3049 50 Premium notes loans or liens restored by revival policies 6993 41 Consideration of supplementary contracts 1540 00 From all other sources viz From foreclosed loan 5 69357 fire ins refund 300 5696 57 Total income 3706327 40 IIIDISBURSEMENTS FOK IKE YEAR 1905 1 Cash paid for death claims including revisionary additions 1125490 58 3 Cash paid for matured endowments and additions thereto 156802 57 Total 1282293 15COMPTROLLERGENERALS REPORT 271 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 20000 00 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Total net amount actually paid for losses and matured endowments 1262293 15 Cash paid to annuitants 9941 14 Premiums voided by lapse 24168 12 Cash dividends paid policyholders 66901 77 Cash dividends applied to pay running premiums see item 3 income 35221 10 Cash dividends applied to purchase paidup additions and annuities see item Zy2 income 3543 07 Surrender values paid in cash 316019 45 Surrender values applied to pay running premiums see item 4 income 1032 41 Surrender values applied to purchase paidup insurance and annuities see item 4J income 5739 10 Total paid policyholders 1724859 31 Cash paid stockholders for interest on dividends 16000 00 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 29971674 renewals 12219374 on annuities 60091 422511 39 Cash paid for salaries and allowances to managers agents and clerks 168495 01 Cash paid for medical examiners fees 4327265 in spection of risks 1008533 53357 98 Cash paid for salaries and all other compensation of offi cers and other home office employees 104436 78 Cash paid for taxes on new premiums and on renewal premiums 33491 72 Cash paid for taxes on reserves 214319 on invest ments tax on mortgages 164687 personal property 10530 3895 36 Cash paid for insurance department fees and agents li censes 826301 municipal licenses 321295 11475 96 Cash paid for rent including 6000000 companys occu pancy 75242 73 Cash paid for claims on supplementary contracts 100 00 Cash paid for furniture fixtures and safes for home and agency offices 685 59 Cash paid for advertising 921954 printing and sta tionery 1229948 postage 1019660 31715 62 Paid for real estate expenses other than taxes 101054 30 for legal expenses 1814583 119200 13 Cash paid for the following items viz Taxes on real estate 5109721 loss on sale or maturity of ledger as sets 873741 sundry office expenses 2770509 su pernumerary salaries 792500 book value of real estate reduced 537394 sundry profit and loss items 67955 101518 20 Total disbursements 2866985 78272 COMPTROLLERGENERALS REPORT IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 5329252 20 2 Loans on mortgage first liens on real estate 7112510 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 685662 50 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1384260 04 5 Premium notes loans or liens on policies in force of which 592851 was received during the year 304116 So 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 32060S2 09 7 Cash in companys office 42412 39 8 Cash deposited in banks 148801 97 10 Agents ledger balances 21951 71 Commuted commissions 73647 41 13 Total net or ledger assets 18308697 16 OTHER ASSETS 14 Interest accrued on mortgages 104534 46 15 Interest accrued on bonds and stocks 44005 78 16 Interest accrued on collateral loans 3668 95 17 Interest due and accrued on premiums notes loans or liens 21486 19 18 Interest accrued on other assets 267S 79 19 Rents due 1907336 and accrued 913333 on compa nys property or lease 2S206 69 20 Market value of real estate over cost 2247 80 21 Market value of bonds and stocks over cost 63259 62 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 76074 14 19S233 79 24 Gross deferred premiums on policies in force De cember 31 1905 5871 00 78064 00 Totals 81945 14 276297 79 25 Deducting loading 25 per cent on new and 25 per cent on renewals 20486 28 69074 45 2G Net amount of uncollected and deferred premiums 61458 86 207223 34 268682 20 2S Total assets as per the books of the company IS847467 64COMPTROLLERGENERALS REPORT 273 ITEMS NOT ADMITTED Commuted commissions 73647 41 5 Agents balances 21951 71 Total 95599 12 9 Total assets less items not admitted 18751808 52 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with four per cent interest and American 3 and 314 per cent interest 17169832 00 Deduct net value of risks of this company reinsured in other solvent companies 65638 00 Net reinsurance reserve 3 Claims for death losses due and unpaid 4 Claims for matured endowments due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on annuity claims 9 Claims for death losses which have been reported and no proofs received less re serve 17104194 00 5634 68 1869 00 1815 00 46292 00 196 53 35334 00 10 11 12 15 16 17 18 Total policy claims Amount of all unpaid dividends of surplus or other de scription of profits due policyholders Commissions due to agents on premium notes when paid Present value of amounts not yet due on supplementary contracts not involving life contingencies computed at 3 per cent Liability in policies cancelled and not included in item 1 upon which a surrender value may be demanded Amount of any other liability of the company viz Pre miums paid in advance Capital stock 91141 21 17 9 601 00 943 24 454 00 316 00 Contingent reserve 16683 34 100000 00 fund 1407535 73 19 Total liabilities 18 in 18751868 52274 COMPTROLLERGENERALS REPORT Business in Georgia during 1905 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1862 3395633 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 456 711630 00 Total 2318 4107263 00 Deduct number and amount which have ceased to be in force during the year 379 671643 00 Total number and amount of policies in force in Georgia December 31 1905 1939 3435620 00 Amount of losses and claims on policies in Georgia incurred during the year IS 42474 00 Amount of losses and claims on policies in Georgia paid during the year 18 42474 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 106979 51 MARYLAND LIFE INSURANCE COMPANY OP BALTIMORE MD Wm H Blackforu President John W Hanson Secretary Home Office 8 and 10 South Street Baltimore Md ICAPITAL STOCK 1 Amount of capital paid up in cash 100000 00 Amount of ledger assets as per balance December 31 of previous year 2320749 59 Less accounts discharged debit balances against agents 297 79 Extended at 2320451 SO IIINCOME DURING YEAR 1905 1 First years premiums on original policies without deduction for commissions or ether expenses Jess 256298 for first years reinsurance 42769 82 4 Dividends applied to purchase paidup ad ditions and annuities 1092 55 6 Consideration for original annuities in volving life contingencies 4554 02 8 Total new premiums 48416 39COMPTROLLERGENERALS REPORT 275 9 Renewal premiums in addition to item 10 without deduction for commissions or other expenses less 1351018 for re insurance on renewals 239819 70 10 Dividends applied to pay renewal premi ums 9254 97 13 Total renewal premiums 249074 67 14 Total premium income 297491 06 18 Interest on mortgage loans 7240 20 19 Interest on collateral loans 253 34 20 Interest on bonds and dividends on stocks 82319 77 21 Interest on premium notes policy loans or liens 9502 1G 22 Interest on other debts due the company 359 95 24 Rent from companys property 5130 49 25 Total interest and rents 104805 91 26 Profit on sale or maturity of ledger assets 8793 27 27 From other sources Policies of reinsurance surrendered 2799 60 28 Total income 413889 84 IIIDISBURSEMENTS FOE THE YEAB 1905 1 For death claims less 750000 reinsur ance 14425190 additions 171510 145967 00 2 For matured endowments 2217500 ad ditions 8530 22260 30 3 Net amount paid for losses and matured endowments 168227 30 4 For annuities involving life contingencies 5049 04 5 Premium notes voided by lapse 493 78 6 Surrender values paid in cash 7596 57 9 Dividends paid to policyholders in cash 3223 32 10 Dividends applied to pay renewal premiums see income No 10 small amount of dividends paid in cash upon paidup policies included 9254 97 11 Dividends applied to purchase paidup additions and an nuities see income No 4 1092 55 12 Total paid policyholders 194937 53 14 Paid stockholders for interest or dividends 6000 00 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 2961618 renewal premiums 1179180 on annuities original 18216 41590 14 17 Salaries and allowances for agencies including man agers agents and clerks 4837 50 18 Agency supervision traveling and all other agency ex penses 1659 78 19 Medical examiners fees 3293 00 19 Medical examiners fees 3293 0027b COMPTROLLERGENERALS REPORT 20 Salaries and all other compensation of officers and home office employees 21 Rent including 82665 for companys own occupancy 22 Advertising 147381 printing and stationery 101034 postage 86198 23 Legal expenses 25 Insurance taxes licenses and department fees 26 Taxes on real estate 27 Repairs and expenses other than taxes on real estate 29 All other disbursements Library bureau 112834 sun dry expenses 265281 temporary expenses 4345 30 Total disbursements 22019 10 1106 65 3346 13 720 00 4996 04 1601 83 776 96 3824 60 290709 26 IVLEDGER ASSETS 1 Book value of real estate unincumbered 260680 05 2 Mortgage loans on real estate first liens 114207 50 3 Loans secured by pledge of bonds stocks or other collateral 20200 00 4 Loans made to policyholders on this com panys policies assigned as collateral 166715 00 5 Premium notes on ordinary policies in force 9085 02 Premium loans on policies issued under the name of loan policies 7824 10 6 Book value of bonds excluding interest 167544018 stocks 11207403 1787514 21 8 Cash in companys office 94824 depos ited in banks not on interest 54 47332 55421 56 9 Agents debit balances 460360 divi dends and interest due in January 2 56020 deposit for perpetual fire insur ance policies etc 21830 open ac counts judgments etc 1392730 sus pended accounts etc 12495 new fur niture account 203624 23470 59 2445118 03 Deduct agents etc credit balances 1485 65 10 Total ledger assets 2443632 38 noniiihip assets 11 Interest accrued on mortgages 1S92 47 12 Interest accrued on bonds and stocks 9021 12 13 Interest accrued on collateral loans 145 75 14 Interest due 63219 and accrued 207917 on premium notes policy loans or liens 2711 36COMPTROLLERGENERALS REPORT 16 Rents accrued on companys property or lease 19 Market value not including interest in item 12 of bonds and stocks over book value 21 Gross premiums due and unreported on policies in force December 31 1905 21127 97 22 Gross deferred premiums on policies in force December 31 1905 21865 09 277 380 03 86656 92 23 Totals 24 Deduct loading 34 42993 06 9888 40 25 Net amount of uncollected and deferred premiums 33104 66 27 Gross assets I 25544 69 DEDUCT ASSETS NOT ADMITTED 29 Furniture fixtures and safes 30 Agents debit balances Deposit for perpetual fire policy and fire insurance premiums to be returned Book value of ledger assets over market value viz Real estate 14210 open accounts judgments and suspended ac counts etc 1405225less ledger lia bilities deducted above 14856512 56660 2036 4603 24 60 218 30 12708 70 35 Total 1956684 36 Total admitted assets 2557977 85 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the Mary land insurance department on the actu aries table of mortality with 4 per cent interest Deduct net value of risks of this company reinsured in other solvent companies 2245593 00 48108 00 Net reserve 5 Claims for death losses in process of ad justment or adjusted and not due 6 Claims for deathlosses which have been reported and no proofs received 7 Claims for matured endowments due and unpaid 2197485 00 225 84 3560 00 869 66 10 Total policy claims 4655 50278 COMPTROLLERGENERALS REPORT 12 Premiums paid in advance including surrender values so applied 243 25 13 Commissions due to agents on premium notes when paid about 500 00 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued about 2500 00 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 5 259 jg 22 Other liabilities Agents etc credit balances 1485 65 23 Capital stock 100000 00 24 Unassigned funds surplus 245855 67 25 Total liabilities 2 557 977 5 Business in Georgia during 1905 Policies on the lives of citizens of said State in force December 31 of previous year estimated 358 598745 00 Policies on the lives of citizens of said State issued during the year 35 50150 00 Total 393 64SS95 00 Deduct ceased to be in force during the year 43 62650 00 Policies in force December 31 estimated 350 586245 00 Losses and claims incurred during the year 5 4925 00 Losses and claims settled during the year in cash 5 4925 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 16875 62 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS John A Hall President w H Sargeant Secretary Home Office 413 Main Street Springfield Mass W J Harty Savannah Attorney for Service in Georgia ICAPITAL STOCK Extended at 34878063 63 IIINCOME 1 First years premiums on original poli cies without deduction for commissions or other expenses less 1223580 for first years reinsurance 864920 55COMPTROLLERGENERALS REPORT 279 4 Dividends applied to purchase paidup ad ditions 75899 75 8 Total new premiums 940820 30 9 Renewal premiums in addition to item 10 without deduction for commissions or other expenses less 11978932 for reinsurance on renewals 5193737 12 10 Dividends applied to pay renewal premi ums 776918 80 13 Total renewal premiums 5970655 92 14 Total premium income 6911476 22 15 Consideration for supplementary contracts not involving life contingencies 104105 60 17 Premium notes loans or liens restored by revival of poli cies 423287 18 Interest on mortgage loans 673712 31 20 Interest on bonds and dividends on stocks 684945 52 21 Interest on premium notes policy loans or liens 274720 65 22 Interest on other debts due the company 11329 46 23 Discount on claims paid in advance 276 78 24 Rent from companys property including 800000 for companys own occupancy 17279 85 25 Total interest and rents1662264 57 28 Total income 868207926 IIIDISBURSEMENTS 1 For deathclaims less 10887500 rein surance 237258862 additions 21 78900 2394377 62 2 For matured endowments less 500000 reinsurance 33163500 additions 1634700 347982 00 3 Net amount paid for losses and matured endowments 2742359 62 5 Premium notes voided by lapse and used in purchase of surrendered policies JqLe 6 Surrender values paid in cash avvoo o 7 Surrender values applied to pay interest included in in tt 01 2155 60 come No 21 9 Dividends paid to policyholders in cash 13 ot 10 Dividends applied to pay renewal premiums see income TT n 776918 80 No 10 101 Dividends allowed in 1905 and left with the company to accumulate at interest subject to the order of the poli 80213 08 cyholder280 COMPTROLLERGENERALS REPORT 11 Dividends applied to purchase paidup additions see in come No 4 11J Dividends applied in payment of premium notes 12 Total paid policyholders 4264077 65 13 Paid for claims on supplementary contracts not involv ing life contingencies 15 Commissions to agents less commission on reinsurance first years premiums 41544641 renewal premiums 35932682 Salaries and allowances for agencies including mana gers agents and clerks Agency supervision traveling and all other agency ex penses Medical examiners fees 6592950 inspection of risks 546700 Salaries and all other compensation of officers and home office employees Rent including 800000 for companys own occupancy Advertising 1373562 printing and stationery 46082 39 postage 2244276 23 Legal expenses 24 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 Premiums on securities purchased Profit and loss including 35000 to reduce ledger value of real estate 75899 75 59545 68 17 18 19 20 21 22 25 26 27 29 49653 95 774773 23 81796 59 9703 47 71396 50 172197 97 48951 90 82260 77 2372 12 3903 41 120681 58 5023 06 2247 31 30821 41 41745 62 46048 47 30 Total disbursements 5807655 01 IVASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate unincumbered 559472 15 2 Mortgage loans on real estate first liens 15111922 44 4 Loans made to policyholders on this companys policies assigned as collateral 3948509 00 5 Premium notes on policies in force less 359607 given for reinsurance 764994 04 6 Book value of bonds excluding interest 1627478175 stocks 42296550 16697747 25 7 Deposited in trust companies and banks on interest 273034 61 8 Cash in companys office 230791 deposited in banks not on interest 39041293 392720 84 9 Bills receivable 4087 55 10 Total ledger assets 37752487 88 NONLEDGEB ASSETS 11 Interest due 36250 and accrued 21023167 on mort gages 210594 17COMPTROLLERGENERALS REPORT 281 12 Interest accrued on bonds and stocks 14 Interest due 106626 and accrued 7845158 on pre mium notes policy loans or liens 16 Rents accrued on companys property or lease 17 Total interest and rents due and accrued 19 Market value not including interest in item 12 of bonds and stocks over book value New I usines Renewals 21 Gross premiums due and unreported on policies in force December 31 1905 less unreported premiums on reinsurance 84320 97 303152 22 22 Gross deferred premiums on policies in force De cember 31 1905 less de ferred premiums on rein surance 80938 49 652838 21 23 Totals 24 Deduct loading 165259 46 33051 89 25 Net amount of uncollected and deferred premiums 132207 57 955990 43 191198 09 764792 34 237938 30 79517 84 637 50 528687 81 904777 75 896999 91 27 Gross assets 40082953 35 DEDUCT ASSETS XOT ADMITTED 32 Bills receivable 4087 55 36 Total admitted assets 40078865 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany on the actuaries table of mortal ity with four per cent interest Ameri can 31 per cent on policies issued since 190o 35765308 00 Same for reversionary additions 617837 00 Total 36383145 00 Deduct net value of risks of this com pany reinsured in other solvent compa res 542648 00 Net reserve 35840497 00 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by thecompany 219996 89282 COMPTROLLERGENERALS REPORT 5 Claims for death losses and matured en dowments in process of adjustment 8689 36 6 Claims for death losses which have been reported and no proofs received 133685 00 10 12 15 19 21 24 25 Total policy claims 142374 36 Premiums paid in advance 23741 57 Salaries rents office expenses taxes bills accounts com missions medical and legal fees due or accrued 18554 46 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 140938 03 Dividends apportioned payable to policyholders on de mand or at maturity of policy including 3086864 In terest 30821846 dividends apportioned payable to policyholders on payment of future premiums 22259 330477 46 Unassigned funds surplus 3362286 03 Total liabilities 40078865 80 Business in Georgia during 1905 t n No Amount Policies on the lives of citizens of said State in force December 31 of previous year 2917 6075900 00 Policies on the lives of citizens of said State issued during the year 514 1006661 00 Total 3431 7082561 00 Deduct ceased to be in force during the year 226 403503 00 Policies in force December 31 3205 6679058 00 Losses and claims unpaid December 31 of previous year 1 iooo 00 Losses and claims incurred during year 19 39093 00 Total 20 40093 00 Losses and claims settled during the year in cash 3640700 18 36407 00 Losses and claims unpaid December 31 2 3686 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 235734 88COMPTROLLERGENERALS REPORT 28 MERIDIAN LIFE AND TRUST COMPANY OF INDIANA Arthur Jordan President T J Owens Secretary Principal Office Indianapolis Ind E C Lester Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 358697 82 Extended at 358697 82 IIINCOME DURING YEAR 1905 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 3 From dividends applied to pay running premiums see item 11 disbursements 7 Total premium income 8 Cash received for interest on mortgage loans Cash received for interest on premium notes loans or liens Cash received for rents companys own occupancy 19 From all other sources viz Preparing papers on loans 15350 electrotypes 72 cents 154 22 113117 91 503111 41 3179 07 10 13 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 11 Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid in cash Total paid policyholders 111042 35 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7747550 renewals 32631 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 22 Cash paid for taxes 23 Cash paid for insurance department fees and agents li censes 624408 39 2786 71 8778 32 14 00 Total income 636141 64 20051 59 8179 07 82811 69 77801 81 16900 52 4760 50 13522 09 166 22 89 00284 COMPTROLLERGENERALS REPORT 24 Cash paid for rent companys own occupancy 918 86 27 Cash paid for advertising 47811 printing 171362 postage 73173 2923 46 28 Cash paid for legal expenses 532 99 29 Cash paid for the following items viz Exchg and dis 4460 office supplies 11642 lights 2829 telegrams 1609 red mtgs 2375 exp and dray 6536 tele phone 13815 repairs 95 cents newspapers 924 actuarial service 32425 sign painting 3040 ab stracts 700 detective service 2630 rent for type writer 100 collecting rent 200 inspecting loans 400 towel supply 200 membership fee ins exchg 500 total 844 80 Total miscellaneous expenses 30 Total disbursements 844 80 229502 60 IVASSETS AS PEE LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Premium notes for single premiums taken under insur ance law of 1852 4 Loans made in cash to policyholders on this companys policies assigned as collateral secured by terms of com panys loan agreement 5 Premium notes loans or liens on policies in force re ceived during the year 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances of which 229154 was advanced during the year Furniture and fixtures Mileage rebate 11 Total net or ledger assets OTHEE ASSETS 14 Interest accrued on mortgages 17 Interest accrued on premiums notes loans or liens 23 Gross premiums due and L New Business Renewals unreported on policies in force December 31 1905 10815 00 12228 23 24 Gross deferred premiums on policies in force De cember 31 1905 3792 59 600 OH 100120 00 93259 56 550063 92 2443 62 5941 60 1026 16 853 02 8969 39 1929 59 130 mi 765336 86 1850 61 13401 53 Totals 10815 00 16020 82COMPTROLLERGENERALS REPORT 25 Deducting loading 60 per cent on new and 20 per cent on renewals 6489 00 3204 16 26 Net amount of uncollected anddeferred premiums 4326 00 12816 66 28 Total assets as per the books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and safes 1929 59 3 Mileage rebate 130 00 5 Agents balances 8969 39 6 Loading on premium notes item 5 60 per cent 1466 17 7 Bills receivable 853 02 8 Single premium notes 93259 56 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 1905 computed according to the actuaries table of mortality with four per cent interest 5 Claims for death losses and matured endowments in pro cess of adjustment or adjusted and not due 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 18 Gross surplus on policyholders account 19 Total liabilities 28 17142 66 797731 66 106607 73 691123 93 655992 00 2000 00 380 85 800 73 31950 35 691123 93 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK John R Hegeman President James S Roberts Secretary Principal Office 1 Madison Ave New York N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 2000000 00 Amount of net or ledger assets December 31 of previous year 123200191 44 Extended at123200191 44286 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 9757336 96 1J Cash received for renewal premiums without deductions for commissions or other expenses less 3033752 for re insurance on renewals 43813917 84 3 Prom dividends applied to pay running premiums see item 11 disbursements 890371 67 3J From dividends applied to purchase paidup additions and annuities see item 12 disbursements 44768 13 4 From surrender values applied to pay first years premiums 26214 76 A From surrender values applied to pay renewal premiums 77206 66 5 Consideration for annuities other than matured installment policies 148721 6S 7 Total premium income 54758537 70 8 Cash received for interest on mortgage loans 1731365 84 9 Cash received for interest on bonds owned and dividends on stock 2903348 14 10 Cash received for interest on premium notes loans or liens 158178 36 11 Cash received for interest on other debts due the com pany 122698 36 12 Interest on collateral loans 95812 70 13 Cash received for rents for use of companys property in cluding 41038775 for companys own occupancy 923175 72 14 Cash received for profits on sales of bonds or stocks SIS326 5S 18 Consideration for supplementary contracts not involving life contingencies 2450 00 19 From all other sources viz Agents cash deposits in lieu of bonds 17695 09 Total income 61531588 49 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including re versionary additions 15296600 37 3 Cash paid for matured endowments and additions thereto 98443 06 7 Total net amount actually paid for losses and matured endowments 15395043 43 8 Cash paid to annuitants 98451 63 9 Premium notes loans or liens voided by lapse 28649 19 10 Cash dividends paid policyholders 133777 COMPTROLLERGENERALS REPORT 287 see 11 Cash dividends applied to pay running premiums item 3 income 890371 67 12 Cash dividends applied to purchase paidup additions and annuities see item 3J income 44768 13 13 Surrender values paid in cash 693567 92 14 Surrender values applied to pay running premiums see item 4 income 103421 42 Total paid policyholders 17388050 74 16 Cash paid stockholders for interest on dividends 1100U0 00 Cash paid for claims on supplementary contracts not in volving life contingencies 13404 S5 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 235799190 renewals 556843406 on annuitiesoriginal 5744 97 total 7932170 93 Cash paid for salaries and allowances to managers and agents 3855451 63 Cash paid for medical examiners fees 52516421 in spection of risks 38966124 914825 45 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 2416 in num ber 2159206 86 21 General home office expense acct 29026001 directors and committees 554000 expressage 5023922 agen cy supervision traveling and all other agency expenses 62074323 966782 4G 22 Cash paid on investments 143142 56 23 Cash paid for insurance department fees and agents li censes 666509 68 24 Cash paid for rent including 41038775 companys occu pancy 741814 38 25 Cash paid for commuting commissions 1536296 90 26 Cash paid for furniture fixtures and safes for home and agency offices 60828 66 27 Cash paid for advertising 2426650 printing 503605 6S postage 8515150 613023 68 Cash paid for real estate expenses other than taxes 37933045 for legal expenses 8958466 468915 11 Cash paid for the following items viz Telegram and telephone 1769165 exchange and collections 22 13314 agents surety bonds 2076134 Metropolitan staff savings fund 4439113 charged off real estate to cover possible depreciation 50000000 total 604977 26 Total miscellaneous expenses 37705401 15 18 19 28 29 30 Total disbursements 3S205401 15 IVASSETS AS PEK LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 17495905 30 2 Loans on mortgage first liens on real estate 38062610 75288 COMtTRCLLERGENERALS REPORT 3 Loans secured by pledge of bonds stocks or other market able collaterals 3747285 50 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2982199 Si 5 Premium notes loans or liens on policies m force 721S54 69 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 79305067 72 7 Cash in companys office 365256 68 8 Cash deposited in banks 3813655 48 9 Agents debit balances 27442 So 13 Total net or ledger assets 146520378 78 OTHEB ASSETS 14 Interest due 213911 and accrued 56744384 on mort gages 15 Interest due 7178117 and accrued 51787939 on boiids and stocks 16 Interest due 1038780 and accrued 9500 on collateral loans 17 Interest due 2167367 and accrued 13092 on premi ums notes loans or liens 18 Interest due on other assets 19 Rents due 1018375 and accrued 424697 on com panys property or lease 21 Market value of bonds and stocks over cost New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 375843 2C 870186 15 24 Gross deferred premiums on policies in force De cember 31 1905 990503 73 2546S51 42 Totals 1366400 96 3417o37 57 25 Deducting loading 20 per cent 273281 39 683407 51 5695S2 95 619660 50 3 0482 SO 21804 59 470 53 14430 72 323809 46 26 Net amount of uncollected and deferred premiums 1093125 57 2733330 00 27 Annuities paid in advance 630500 refund of taxes al lowed 1317795 cash due by Metropolitan staff sav ings fund 1402453 total 1820755 63 33507 4S 28 Total assets as per the books of the company151946883 50 ITEMS XOT ADMITTED 5 Agents balances 7 Bills receivable 27442 85 255963 36 Total 283406 21 9 Total assets less items not admitted151663477 29COMPTROLLERGENERALS REPORT 289 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with four per cent interest and American with 31 per cent interest 131605993 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 104975 00 Net reinsurance reserve 3 Claims for death losses which have been reported and no proofs received f 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on annuity claims 131501018 00 114938 50 124922 60 47577 00 1110 19 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 1370408 11 Present value of amounts not yet due on supplementary contracts not involving life contingencies Liability on policies canceled and not included in item 1 upon which a surrender value may be demanded Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Pre miums and interest paid in advance 27734949 spe cial reserve 120427800 agents cash deposits in lieu of bonds 21433116 contingent dividend fund inter mediate branch 29976848 1995727 13 12 13 288548 29 92 50218 00 75093 75 200884 24 17 18 19 Liabilities on policyholders account135481898 33 Capital stock 2000000 00 Gross surplus on policyholders account 14181578 96 Total liabilities151663477 29 Business in Georgia during 190 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year No 053 Number and amount of policies on the lives of citi zens of Georgia issued during the year 1407 Total 4460 19 in Amount 3255447 00 1305304 00 4560751 00290 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during the year 1073 1035103 00 Total number and amount of policies in force in Georgia December 31 1905 3387 3525048 00 Amount of losses and claims on policies in Georgia incurred during the year 33 26032 00 Amount of losses and claims on policies in Georgia paid during the year 32 25532 00 Amount of premiums collected orsecured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 446646 26 MICHIGAN MUTUAL LIFE INSURANCE COMPANY DETROIT MICH O R Looker President A Moore Secretary Principal Office 150 Jefferson Avenue Detroit Mich F L Woodruff Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 250000 00 Amount of net or ledger assets December 31 of previous year 8579212 50 Extended at IIINCOME DUEING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 282171 82 11 Cash received for renewal premiums without deductions for commissions or other expenses 1183631 07 2 Premium notes loans or liens taken in part payment for premiums on new 444 05 policies 2J Premium notes loans or liens taken in part payment for renewal premiums 123579 96 3 From dividends applied to pay running premiums see item 11 disbursements 15223 43 31 From dividends applied to purchase paid up additions and annuities see item 12 disbursements 9374 73COMPTROLLERGENERALS REPORT 291 4 Prom surrender values applied to pay run ning premiums see item 14 disburse ments 2956 49 Total 1617381 55 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 322149 renewals 1330884 16530 33 7 Total premium income 1600851 22 8 Cash received for interest on mortgage loans 369582 35 9 Cash received for interest on bonds owned 1500 00 10 Cash received for interest on premium notes loans or liens 51499 44 Cash received for interest on other debts due the com pany 5433 06 Cash received as discount on claims paid in advance 350 58 Cash received for rents for use of companys property 18135 54 14 Cash received for profits on sales of real estate 1725 54 16 Prom dividends and surrender values on reinsurances 265 31 11 12 13 Total income 2049343 04 IIIDISBURSEMENTS FOB T IE YEAR 1905 1 Cash paid for death claims including re versionary additions 480793 88 3 Cash paid for matured endowments and additions thereto 246018 96 5 Cash paid for sums falling due during the year on installment policies 1166 67 Total 727979 51 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 20000 00 7 Total net amount actually paid for losses 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 707979 51 1348 34 9553 59 15223 43 9374 73 125707 36 2956 49 27521 17292 COMPTROLLERGENERALS REPORT Surrender values applied to pay interest on notes of de faulted policies 510 24 Total paid policyholders 900174 8G 10 Cash paid stockholders for interest on dividends 25000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 22513384 renewals 9447006 319003 90 18 Cash paid for salaries and allowances to managers and agents 50687 35 19 Cash paid for medical examiners fees 2208167 inspec tion of risks 571541 27797 08 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 57505 00 21 Cash paid for taxes on new premiums 466922 on re newals 2054815 25217 37 22 Cash paid for taxes on real estate 5366 91 23 Cash paid for insurance department fees and agents li censes 212415 municipal licenses 363591 5760 06 24 Cash paid for rent 15322 30 26 Cash paid for furniture fixtures and safes for home and agency offices 2454 34 27 Cash paid for advertising 358592 printing 1179556 postage 595558 21337 06 28 Cash paid for real estate expenses other than taxes 11 83588 for legal expenses 2536638 37202 26 29 Cash paid for the following items viz Loss on sales of real estate 1070060 general expense recording fees office supplies subscriptions etc 1260515 23305 75 Total miscellaneous expenses 616559 38 30 Total disbursements 1516734 24 IVASSETS AS PEE TKIMiEH ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 31400S 90 2 Loans on mortgage first liens on real estate 7605307 81 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 22500 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 901169 59 5 Premium notes loans or liens on policies in force 77537 10 6 Cost value of bonds owned excluding accrued interest at time of purchase 25000 00 7 Cash in companys office 39294 02 8 Cash deposited in banks 116178 68 10 Agents ledger balances 10825 20 13 Total net or ledger assets 9111821 30COMPTROLLERGENERALS REPORT 29s OTHEB ASSETS 1712680 and accrued 10459664 on 14 Interest due mortgages 15 Interest accrued on bonds 16 Interest accrued on collateral loans 17 Interest due 585674 and accrued urns notes loans or liens 18 Interest accrued on other assets 19 Rents accrued on companys property or lease 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business 23 Gross premiums due and unreported on policies in force December 31 1905 42614 00 24 Gross deferred premiums on policies in force De cember 31 1905 13751 43 19655 on premi Renewals 54742 27 106707 93 Totals 25 Deducting loading 56365 43 27572 55 161450 20 15990 57 26 Net amount of uncollected and deferred premiums 121723 50 250 00 244 04 13053 29 63 88 958 50 21690 18 3750 00 28792 145459 63 174252 51 28 Total assets as per the books of the company 9447807 20 ITEMS NOT ADMITTED 5 Agents balances not secured 537 62 9 Total assets less items not admitted4 9447269 58 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with 4 per cent interest and American 3 per cent from January 1 1903 9058909 65 Deduct net value of risks of this company reinsured in other solvent companies 38698 00 Net reinsurance reserve 9020211 65 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 5137 11 8 Present value of unpaid amounts on ma tured installment policies face 62 06667 45475 35 Total policy claims 50012 46294 COMPTROLLERGENERALS REPORT 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 615 14 16 Amount of any other liability of the company viz Pre miums paid in advance 890463 deposit account 1 99363 10898 26 17 Liabilities on policyholders account 9082337 51 18 Gross surplus on policyholders account 364932 07 19 Total liabilities 9447269 58 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 881 1055074 56 Number and amount of policies on the lives of citi zens of Georgia issued during the year 401 888829 18 Total 1282 1943903 74 Deduct number and amount which have ceased to be in force during the year 295 372238 70 Total number and amount of policies in force in Georgia December 31 1905 987 1571665 04 Amount of losses and claims on policies in Georgia incurred during the year 11 16000 00 Amount of losses and claims on policies in Georgia paid during the year 11 16000 00 Amount of premiums collected or secured in Georgia during the year in cash 4171360 and notes or credits 159224 without any deduction foT losses dividends commissions or other expenses 43305 84 MISSOURI STATE LIFE INSURANCE COMPANY ST LOUIS MO Edmund P Mexson President C A Goodale Secretary Principal Office St Louis Mo J W Preston 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 678003 71 Extended at 678003 71COMPTROLLERGENERALS REPORT 295 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 1J Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 2J Premium notes loans or liens taken in part payment for renewal premiums 4i From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 191182 18 208209 52 7858 7 2835 22 828 97 Total 410914 67 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 367955 renewals 78238 4461 93 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 17 Premium notes loans or liens restored by revival of poli cies 19 From all other sources Total income 406452 74 14147 80 600 00 19719 70 4141 91 397 66 73961 46 519421 27 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 9 Premium notes loans or liens used in purchase of sur rendered policies 104284 voided by lapse 1718532 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities see item 4J income Total paid policyholders 127213 94 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 12616893 renewals 1321494 09950 70 18228 16 48206 11 828 97 8000 00 39383 S7 296 COMPTROLLERGENERALS REPORT 18 Cash paid for salaries and allowances to managers and agents 10152 90 19 Cash paid for medical examiners fees 1183850 in spection of risks 338060 15219 10 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 22577 82 21 Cash paid for taxes on new premiums and renewals 1809 50 22 Cash paid for taxes on franchise 30000 on invest ments 62193 St Louis city tax 921 93 23 Cash paid for insurance department fees and agents li censes 381092 municipal licenses 40998 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 70772 printing 491047 postage 156310 28 Cash paid for legal expenses 29 Cash paid for the following items viz Collection of premiums 69645 incidental office expenses including telegrams telephones express charges etc 113674 1833 19 Total miscellaneous expenses 220936 50 4220 90 6104 73 2857 82 7181 29 673 45 30 Total disbursements 358150 44 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 6 Cost value of bonds and stocks owned excluding interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances 318680 35 388623 05 33347 18 10100 00 6639 26 20310 74 150 00 61423 96 13 Total net or ledger assets 839 274 54 OTHEB ASSETS 14 Interest due 74608 and accrued 774117 on mort gages 17 Interest accrued on premium notes loans or liens 18 Interest accrued on other assets 22 Due from other companies for losses or claims on poli cies of this company reinsured 00 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 47734 14 30525 21 8487 25 10462 19 55 73 5000 00COMPTROLLERGENERALS REPORT 297 24 Gross deferred premiums on policies in force De cember 31 1905 36092 2G Totals 47734 14 66617 47 25 Deducting loading 31027 19 9992 62 941111 51 26 Net amount of uncollected and deferred premiums 16706 95 56624 85 7333180 27 Furniture fixtures and safes 4500 00 28 Total assets as per the books of the company ITEMS KOT ADMITTED 2 Furniture fixtures and safes 4500 00 5 Agents balances 61423 96 7 Bills receivable 150 00 8 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies 71486 13 Total 137560 09 9 Total assets less items not admitted 803551 42 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with 4 per cent interest 615428 00 Deduct net value of risks of this company reinsured in other solvent companies 2604 00 Net reinsurance reserve 5 Claims for death losses and matured endowments in pro cess of adjustment or adjusted and not due 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Com missions due to agents on premium notes when paid 704958 cost of collection on uncollected and deferred premiums in excess of the loading thereon 161035 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 612824 00 15600 00 3310 61 8659 93 640394 54 163156 88 803551 42298 COMPTROLLERGENERALS REPORT Business in Georgia during 1005 No Amount Number and amount of policies on trie lives of citi zens of Georgia in force December 31 of previous year 200 297336 25 Number and amount of policies on the lives of citi zens of Georgia issued during the year 269 444161 15 Total 475 741497 40 Deduct number and amount which have ceased to be in force during the year 118 174438 90 Total number and amount of policies in force in Georgia December 31 1905 357 567058 50 Amount of premiums collected or secured in Georgia during the year in cash 978693 and notes or credits 61265 without any deduction for losses dividends commissions or other expenses 10399 58 MUTUAL BENEFIT LIFE INSURANCE COMPANY NEWARK N J Frederick Frelinghuysen President J Wm Johnson Secretary Principal Office No 752 Broad St Newark N J Clarence V Angier Atlanta Attorney for Service in Georgia CAPITAL STOCK Amount of net or ledger assets De cember 31 of previous year 89101591 37 Extended at 89101591 37 IIINCOME DURING YEAR 1905 1 Cash received for premi ums on new policies without deductions for commissions or other expenses 1920941 16 li Cash received for renewal premiums without de ductions for commis sions or otherfixpenses 10216436 03 2 Premium notes loans or liens taken in part pay ment for premiums on new policies 22379 20 2 Premium notes loans or liens taken in part pay ment for renewal pre miums 734072 39COMPTROLLERGENERALS REPORT 299 3 3i 4 5 From dividends applied to pay running premi ums 1285230 65 From dividends applied to purchase paidup ad ditions and annuities 391784 51 From surrender values applied to pay running premiums 9454 98 Consideration for annuni ties other than ma tured installment pol icies 253719 29 7 Total premium income 14834018 21 8 Cash received for interest un mortgage loans 2316890 22 9 Cash received for interest on bonds owned and dividends on stock 1033149 65 10 Cash received for interest on premium notes loans or liens and collateral loans 872936 97 11 Cash received for interest on other debts due the company 12267 43 12 Cash received as discount on claims paid in advance 1450 03 13 Cash received for rents for use of com panys property 160604 88 14 Cash received for profits on sales of real estate 10599 07 19 From all other sources viz Proceeds of sale of stock taken in adjustment of amount due on bonds in default 8348 96 Total income 19250265 42 IIIDISBURSEMENTS FOB THE YEAR 1905 1 Cash paid for death claims inc uding rever sionary additions 490174193 2 Premium notes loans or liens used in payment of the same 149015 41 3 Cash paid for matured en dowments and addi tions thereto 1337626 25 4 Premium notes loans or liens used in the pay ment of same 71695 23300 COMPTROLLERGENERALS REPORT 5 Cash paid for sums falling due during the year on installment policies 78825 30 7 Total net amount actually paid for losses and matured endowments 653S904 12 8 Cash paid to annuitants 140745 95 9 Premium notesloansor liens used in pur chase of surrendered policies 251 54883 voided bj lapse less 1065 re stored by revival 989727 261446 10 9J Premium notes loans or liens used in payment of dividends topolicyholders 6262 86 10 Cash dividends paid policyholders 315508 99 11 Cash dividends applied to pay running premiums 1285230 65 12 Cash dividends applied to purchase paid up additions and annuities 391784 51 13 Surrender values paid in cash 1350684 85 14 Surrender values applied to pay run ning premiums 9454 98 Total paid policyholders1030002301 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 81797372 re newals 70513983 1523113 55 18 Cash paid for salaries and allowances to managers and agents 85706 26 19 Cash paid for medical examinersfees 172807 32 20 Cash paid for salaries and all other com pensation of officers and other home office employees 321333 86 21 Cash paid for taxes on premiums 151 38756 on franchise 33726 32 185113 88 22 Cash paid for taxes on reserves 20 60486 on investments 21172718 on real estate 4921731 281549 35 23 Cash paid for insurance department fees and agents licenses 1269773 muni cipal licenses 5794 07 1849180 25 Cash paid for commuting commissions 2500 00 27 Cash paid for advertising 5676239 printing 1852092 postage 3750122 112784 53 28 Cash paid for real estate expenses other than taxes 5227552 for legal ex penses 14140 90 96416 42 29 Cash paid for the following items viz Investment expenses 8817444 ex penses of examination by N J Ins Dept 11240 96 99415 40COMPTROLLERGENERALS REPORT 301 30 Miscellaneous office expenses 627976 premiums on bonds purchased 102 01472 charged off from foreclosed real estate 6500000 Total miscellaneous expenses 2962 02813 Total disbursements 229810 18 13429065 86 IVASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumbrances 3079706 90 2 Loans on mortgage first liens on real estate 47103927 09 3 Loans secured by pledge of bonds stocks or other marketable collaterals 3104350 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral or secured by terms of policy 9163798 i8 5 Premium notes loans or liens on poli cies in force of which 2192777 was received during the year 4893648 66 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase 26414551 33 7 Cash in companys office 7301 22 8 Cash deposited in banks 1082965 07 10 Agents ledger balances 72542 48 14 15 16 21 23 24 11 Total net or ledger assets 94922790 93 OTHER ASSETS Interest due 4266899 and accrued 106171656 on mortgages Interest accrued on bonds and stocks Interest accrued on collateral loans 17 Interest accrued on premium notes pol icy loans or liens 1104385 55 228080 07 66 66 329232 22 Total carried out 1661764 50 Market value of bonds and stocks over book value 1383412 37 Gross premiums due and unreported on policies in force December 31 1905 Gross deferred premiums on policies in force De cember 31 1905 New Business Renewals 191722 68 437721 40 143528 99 830686 31 Totals 335251 67 1268407 71302 COMPTROLLERGENERALS REPORT 25 Deducting loading 42 per cent on new and 20 percent on renewals to reduce renewals to net 140805 69 253681 54 26 Net amount of uncol lected and deferred pre miums 194445 98 1014726 17 1209172 15 28 Total assets as per the books of the company 99127139 95 ITEMS NOT ADMITTED 5 Agents balances total 72542 48 9 Total assets less items not admitted 99054597 47 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the Actuaries and American table of mortality with four and three per cent interest 89723287 00 4 5 9 10 13 16 Net reinsurance reserve Claims for matured endowments due and unpaid Claims for death losses in process of ad justment or adjusted and not due Claims for death losses and other policy claims resisted by the company Present value of unpaidamounts on ma tured installment policies face 432 30250 Claims for death losses no proofs re ceived estimated 89723287 00 34826 00 225414 36 12000 00 329155 59 30000000 Total policy claims Amount of all unpaid dividends of surplus or other description of profits due policyholders Amount due on account of salaries rents and office ex penses estimated Amount of any other liability of the company viz Premiums paid in advance 76319 66 deferred en dowment claims 23654307 deferred death claims 18556886 901395 95 326217 23 25000 00 498431 69COMPTROLLERGENERALS REPORT 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 303 91474331 77 7580265 70 99054597 47 19 Total liabilities 21 Estimated surplus accrued on all other policies 7580265 70 Business in the State of Georgia during the year 1905 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 3858 Number and amount of policies on the lives of citi zens of Georgia issued during the year 718 Total4576 Deduct number and amount which have ceased to be in force during the yearJ66 Total number and amount of policies in force in Georgia December 31 19054210 8912307 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year Amount of losses and claims on policies in Georgia 8263608 00 1379368 00 9642976 00 730669 00 incurred during the year 33 Total Amount of claims loaned on policies in Georgia paid during the year Amount of premiums collected or secured in Georgia during the year without any deduction for Tosses dividends commissions or othsr expenses 35 33 66S7 00 78882 00 85549 00 72882 00 312495 95 THE MUTUAL LIFE INSURANCE COMPANY OF SEW YORK William J Easton aPrPtarifes Charles A Peabody President Qbanvillb M White wreMe8 Principal Office 32 Nassau Street New York City ICAPITAL STOCK Amount of ledger assets as per bal ance December 31 of previous year 408293315 73 Extended at IIINCOME 1 First years premiums on original poli cies without deduction for commis sions or other expenses less 5932857 for first years reinsurance iw iu304 COMPTROLLERGENERALS REPORT 2 Surrender values applied to pay first years premiums 34006 31 3 Total first years premiums on original policies 7353073 71 4 Dividends applied to purchase paidup additions and annuities 1192543 81 6 Consideration for original annuities in volving life contingencies 2769301 84 7 Consideration for supplementary con tracts involving life contingencies 695156 99 8 Total new premiums and annuity considerations 12010076 35 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 10879257 for reinsurance on renewals 50407771 69 10 Dividends applied to pay renewal premi ums 42890 08 11 Surrender values applied to pay renewal premiums 479731 48 12 Renewal premiums for deferred annui ties 37745 97 13 Total renewal premiums 50968 139 22 14 Total premium and annuity income 62978215 5 15 Consideration for supplementary contracts not involv ing life contingencies 308294 39 18 Interest on mortgage loans 4668686 44 19 Interest on collateral loans 373942 69 20 Interest on bonds and dividends on stocks 10673817 37 21 Interest on policy loans or liens 1358908 41 22 Interest on other debts due the com pany 554988 60 24 Rent from companys property including 275000 for companys own occupancy 1726027 01 25 Total interest and rents 19 355 379 52 26 Profit on sale or maturity of ledger assets 2345 536 33 Cash inadvertently charged as expense prior to 1905 2500000 overpayments ledger credits to indi viduals 5157607 total 76576 07 28 Total income 85064992 88 IIIDISBURSEMENTS 1 For death claims l ss 2000000 reinsur ance 1984642153 additions 109 64605 20926067 58 2 For matured endowments 430541155 additions 32334978 4628761 33COMPTROLLERGENERALS REPORT 305 3 Net amount paid for losses and matured endowments 25554828 91 4 For annuities involving life contingencies 2627882 97 6 Surrender values paid in cash 4 012 366 87 7 Surrender values applied to pay new premiums see in come No 2 3400631 to pay renewal premiums see income No 11 147973148 513737 79 9 Dividends paid to policyholders in cash 1522 570 10 10 Dividends applied to pay renewal premiums see income No 10 42890 08 11 Dividends applied to purchase paidup additions and annuities see income No 4 1 192 543 81 12 Total paid policyholders 35466820 53 13 Paid for claims on supplementary contracts not involv ing life contingencies 176 364 94 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 525687178 re newal premiums 160906291 on annuities original 11988606 renewal 90067 6988721 42 16 Commuting renewal commissions 78716 16 17 Salaries and allowances for agencies including mana gers agents and clerks 2009650 90 18 Agency supervision traveling and all other agency expenses 244130 32 19 Medical examiners fees 62674402 inspection of risks 16082236 787i566 38 20 Salaries and other compensation of officers and home office employees not medical including foreign de partment heretofore under No 17 1189417 16 21 Rent including 275000 for companys own occupancy 645945 20 22 Advertising 30920838 printing and stationery 503 50897 postage 21831393 103103128 23 Legal expenses 302248 00 24 Furniture fixtures and safes 96379 13 25 Insurance taxes licenses and department fees 779189 15 26 Taxes on real estate 334263 96 27 Repairs and expenses other than taxes on real estate 621553 55 28 Loss on sale or maturity of ledger assets 3524 32 29 All other disbursements Exchange and brokerage 52 00228 committee fees and surety bonds 3630758 freight express duties restaurant 11030755 inves tigation committees expenses 1220387 miscella neous items 824550 total 219066 78 Loss on policy settlements 378 09 Real estate valuation adjustments 5000000 00 30 Total disbursements 55972967 27 20 in 306 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 1 Book value of real estate unincumberedi 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 6 Book value of bonds excluding interest 18816792787 stocks 15181877418 7 Deposited in trust companies and banks on interest 8 Cash in companys office 2577010 deposited in banks not on interest 29875907 9 Agents balances 94011951 suspense 870619 10 Total ledger assets 31014858 51 109771163 16 18195000 00 28198278 84 239986702 05 8945983 9i 324529 17 948825 70 437385341 34 1984036 50 101312 52 46831 01 180834 95 Renewals NONLEDGER ASSETS 11 Interest due 1482609 and accrued 1 25413554 on mortgages 126896 12 Interest accrued on bonds and stocks 13 Interest accrued on collateral loans 15 Interest accrued on other assets 16 Rents due 1933647 and accrued 161 49848 on companys property or lease 17 Total interest and rents due and accrued 3581976 61 19 Market value not including interest in item 12 of bonds and stocks over book value 21 Gross premiums due and New Business unreported on policies in force December 31 1905 22 Gross deferred premiums on policies in force De cember 31 1905 23 Totals 24 Deduct loading 26 percent 25 Net amount of uncol lected and deferred premiums 27 Gross assets 75683 97 4520525 56 192514 72 2680881 59 26819S 69 69731 66 7201407 15 1872365 86 18467 03 5329041 29 5527508 32 471809991 60 DEDUCT ASSETS NOT ADMITTED 940119 51 8706 19 30 Agents debit balances 34 Suspense 35 Total 36 Total admitted assets 470861165 90 948825 70COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all outstanding poli cies in force on the 31st day of Decem ber 1905 as computed by the insurance department of New York on the actu aries 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 date344515794 00 Same for reversionary additions 12708852 00 Same for annuities including those in reduction of premiums 29852605 00 Total 387077251 00 Deduct net value of risks of this company reinsured in other solvent companies 33061 00 307 Net reserve 387044190 09 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 1466513 31 3 Liability on policies cancelled and not included in item 1 upon which a surrender value may be demanded 9091 57 5 Claims for death losses in process of ad justment or adjusted and not due 1720681 16 6 Claims for death losses which have been reported and no proofs received 403980 00 7 Claims for matured endowments due and unpaid not yet presented 107539 30 8 Claims for death losses and other policy claims resisted by the company 116659 00 9 Due and unpaid on annuity claims involv ing life contingencies not yet pre sented 187343 52 10 Total policy claims 2536202 98 11 Due and unpaid on supplementary contracts not involv ing life contingencies 2738 46 12 Premiums and interest paid in advance including sur render values so applied 1216337 43 15 Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued 152857 63 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 165627 72 Reserve for contingent guarantee fund 75417606 80 Surplus to be apportioned in 1906 2850C00 00 25 Total liabilities470861165 90 308 COMPTROLLERGENERALS REPORT Business in Georgia during 1905 No Amount Policies on the lives of citizens of said State in force December 31 of previous year 11848 26563546 00 Policies on the lives of citizens of said State issued during the year 3690128 OO Total 13527 30253674 00 Deduct ceased to be in force during the year 43327630 00 Policies in force December 31WJ 26926044 00 Losses and claims incurred during the year 150 438417 10 Losses and claims settled during the year in cash1353o38d5 bu Losses and claims unpaid December 31 15 7158150 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 928652 06 MUTUAL RESERVE LIFE INSURANCE COMPANY OF NEW YORK Fkkdebick A Burnham President Ohab W Camp Secretary Principal Office 305 307 309 Broadway New York N Y Clifford L Anderson Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year as determined by examination of New York Insurance Department 488378140 Extended at 48881 4 IIINCOME DUREKU THE YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 381521 23 1 Cash received for renewal premiums without deductions for commissions or otherexpenses 3203718 49 2 Premium notes loans or liens taken in nart payment for premiums on new F L 88483 S8 policies 2i Premium notes loans or liens taken in part payment for renewal premiums 747119 19 3 From dividends applied to pay running premiums see item 11 disbursements 85347 63 4 From surrender values applied to pay running premiums see item 14 dis bursements 27 0BCOMPTROLLERGENERALS REPORT 309 From surrender values applied to pay first years premiums 4J From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 5 Consideration for annuities other than matured installment policies 267 67 36056 90 9711 00 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 13 Cash received for rents for use of companys property including 5040000 for companys own occupancy 14 Cash received for profits on sales of bonds or stocks 17 Premium notes loans or liens restored by revival of policies 19 From all other sources viz Fees for alteration in poli cies 16991 refund of taxes New York City 31 17725 New York State 503691 Total income IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including re visionary additions 2385101 49 2 Premium notes loans or liens used in payment of the same 122570 52 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 30026673 voided by lapse 162 15409 9J 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 25 Surrender values applied to purchase paidup insurance and annuities see item 4J income Total paid policyholders 3388706 74 4552253 07 16069 43 18367 13 116547 59 17795 15 158443 57 4351 63 4920 06 36384 07 4925131 70 2507672 01 465 61 462420 82 1638 62 11022 87 S5347 63 283787 53 294 75 36056 90310 COMPTROLLERGENERALS REPORT 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 28473412 renewals 11070029 original annuities 49555 395929 96 18 Cash paid for salaries and allowances to managers and agents 134692 89 J9 Cash paid for medical examiners fees 2281403 in spection of risks 200270 24816 73 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 296080 50 21 Cash paid for taxes on new premiums and on renewals 49128 49 22 Cash paid for taxes on investments 23905 82 23 Cash paid for insurance department fees and agents li censes 561621 municipal licenses 158224 7193 45 Cash paid for taxes on franchise 1909 18 24 Cash paid for rent including 5040000 companys occu pancy less 90250 received under sublease 75845 44 26 Cash paid for furniture fixtures and safes for home and agency offices 118125 27 Cash paid for advertising 2023658 printing 1825604 38492 62 28 Cash paid for real estate expenses other than taxes 10420221 for legal expenses 8544805 189650 26 29 Cash paid for the following items viz Traveling and agency expense 6067331 postage 2014293 loss on sale of ledger assets 347300 expenses incurred in securing refund of taxes from New York City 132375 actuarial expense 2740500 investment expense 120000 general office expense 7517600 reduction cost value of leasehold 649770 expenses of investigation 11630606 total 312197 75 Total miscellaneous expenses 1551029 34 30 Total disbursements 4939736 08 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 673S13 26 2 Loans on mortgage first liens on real estate 361550 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2039100 2 5 Premium notes loans or liens on policies in force of which 8848388 was received during the year 365545 37 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 515530 03 7 Cash in companys office 566 76 8 Cash deposited in banks 694871 50 10 Agents ledger balances 95290 06 On deposit with collecting banks and bonded collectors 122909 92 11 Total net or ledger assets 4869177 02 12 Deduct depreciation from cost of assets to bring same to market value 10364 28 13 Total net or ledger assets less depreciation 4858812 74COMPTROLLERGENERALS REPORT 311 OTHER ASSETS 14 Interest accrued on mortgages 2964 83 15 Interest due 131170 and accrued 2 35053 on bonds and stocks 4162 23 17 Interest due 839400 and accrued 47 68300 on premiums notes loans or liens 56032 00 18 Interest due 18811 and accrued 1 17183 on other assets 1359 94 19 Rents due on companys property 2944 82 Total carried out 20 Market value of real estate over cost 23 Gross premiums due and un New Business reported on policies in force December 31 1905 25050 76 24 Gross deferred premiums on policies in force De cember 31 1905 62638 00 67463 82 2199 74 Renewals 190489 54 870215 56 Totals 87688 76 1060705 10 25 Deducting loading 50 per cent on new and 10 per cent on renewals 43844 38 106070 51 26 Net amount of uncollected and deferred premiums 43 844 38 954634 59 998478 97 28 Total assets as per the books of the company 5926955 27 ITEMS NOT ADMITTED 5 Agents balances 95290 06 9 Total assets less items not admitted 5831665 21 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with 4 per cent interest and American table per cent 444515300 Net reinsurance reserve 444515j 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 00 453995 75 482586 82 58007 53 312 COMPTROLLERGENERALS REPORT 7 Claimsfordeath losses reported no proofs received 118712 82 8 Present value of unpaid amounts on ma tured installment policies face 1 00000 654 00 Total policy claims 1113956 9 10 Amount of all unpaid dividends of surplus or other description of profits payable policyholders of which 356969 is contingent on payment of outstanding and deferred premiums 8266 08 13 Amount due on account of salaries rents and office ex penses 2058 13 Liability on policies cancelled on which a surrender value may be demanded 53193 45 16 Amount of any other liability of the company viz Pre miums paid in advance 3507 88 Judgments secured pending appeal claims other than death claims 133833 30 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 5759968 76 71696 45 19 Total liabilities 21 Estimated surplus accrued on all other policies 7169645 5831665 21 Business in Georgia during 1905 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1776 Number and amount of policies on the lives of citi zens of Georgia issued during the year 926 Total 2702 Deduct number and amount which have ceased to be in force during the year 635 Total number and amount of policies in force in Georgia December 31 1905 2067 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 7 Amount of losses and claims on policies in Geor gia incurred during the year 21 Amount 3795318 00 1237000 00 5032318 00 1415294 00 3617024 00 15081 96 39814 76 Total 28 54896 72 Amount of losses and claims on policies in Georgia paid during the year 21 40696 72 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 14195700 notes or credits 484400 total 146801 00COMPTROLLERGENERALS REPORT 313 NATIONAL LIFE INSURANCE COMPANY CHICAGO ILL A M Johnson President R D Lay Secretary JPrincipal Office 159 LaSalle Street Chicago 111 I CAPITAL STOCK 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets December 31 of previous year 4610161 66 Extended at 4610161 66 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 395218 00 1 Cash received for renewal premi urns without deductions for commissions or other expenses 1321215 41 3K From dividends applied to purchase paidup additions and annuities see item 12 disbursements 744 28 44 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 17644 80 5 Consideration for annuities other than matured installment policies 41 52 Total 1734864 01 6 Deduct amouDt of premiums paid to other companies for reinsurance on policies in this company new business 62595 renewals 1367063 4296 58 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 premium notes loans or liens 11 Cash received for interest on other debts due the com 10 pany 13 Cash received for rents for use of companys property 14 Cash received for profits on sales of bonds or stocks real estate etc 16 Consideration for supplementary contracts not involving life contingencies 17 Premium notes loans or liens restored by revival of policies 1730567 43 90423 64 110692 81 27717 52 10868 47 13579 97 7827 50 9192 00 972 43 314 COMPTROLLERGENERALS REPORT 19 From all other sources viz Charged off agentsbalances paid during year 239635 charged off notes paid during year 122915 profit and loss 10731 3732 81 Total income 2005571 58 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including re versionary additions 3 Cash paid for matured endowments and additions thereto Total 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured matured endowments 356435 76 50 00 356485 76 5000 00 7 Total net amount actually paid for losses and matured endowments IS Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 12019625 voided by lapse 268421 10 Cash dividends paid policyholders 12 Cash dividends applied to purchase paidup additions and annuities see item 3J income 14 Amounts returned to policyholders 15 Surrender values applied to purchase paidup insurance and annuities see item 4J income Total paid policyholders 498665 55 16 Paid for claims on supplementary contracts not involv ing life contingencies 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 27298677 renewals 4483283 on annuities original 2698 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 3361445 in spection of risk3 893023 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Taxes on real estate 22 Loss on sale or maturity of ledger assets 23 Cash paid for insurance department fees and agents licenses and municipal licenses 24 Cash paid for rent 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 2927780 printing 18610 75 postage 568456 351485 76 1773 14 122880 48 723 42 744 23 3413 69 17644 80 3720 00 317846 58 148550 96 42544 68 104993 32 5948 98 18681 25 V 8965 37 14390 81 2140 17 9804 07 53573 11COMPTROLLERGENERALS REPORT 315 28 Cash paid for legal expenses 17531 19 29 Cash paid for the following items viz Agency super vision traveling and other agency expenses 15749 96 Total miscellaneous expenses Taxes on personal prop erty 153255 investment expenses 140797 collec tion and exchange 7781 telegrams telephones and express 264673 light 98898 miscellaneous 1 57034 agents balances charged off 7409029 profit and loss 10960 increase in book value of real estate 475000 decrease in value of stocks 32500 87499 27 30 Total disbursements 1370605 27 10 IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all incumbrances 349810 25 Loans on mortgage first liens on real estate 1859578 50 Loans secured by pledge of bonds stocks or other mar ketable collaterals 28820 00 Loans made in cash to policyholders on this companys policies assigned as collateral 232339 38 Premium notes loans or liens on policies in force 20204 50 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 2467974 36 Cash in companys office 4i163 17 Cash deposited in banks 243535 84 Bills receivable 368 64 Agents ledger balances 1336 33 13 Total net or ledger assets 5245130 97 OTHER ASSETS 14 Interest due 95750 and accrued 28 35953 on mortgages 29317 03 15 Interest accrued on bonds and stocks 2347 50 16 Interest accrued on collateral loans 278 45 17 Interest accrued on premiums notes loans or liens 450 82 19 Rents accrued on companys property or lease 307437 Total carried out 33468 17 20 Market value of real estate over cost 72090 00 21 Market value of bonds and stocks over cost 533500 64 22 Due from other companies for losses or claims on poli cies of this company reinsured 5000 0 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 83347 03 6362189 316 COMPTROLLERGENERALS REPORT 19870 69 168324 20 24 Gross deferred premiums on policies in force De cember 311905 TotalsS 25 Deducting loading 26 Net amount of uncollected and deferred premiums 15735 54 187575 14 203310 68 28 Total assets as per the books of the company 6092500 46 103217 72 231846 09 87482 18 44270 95 VLIABILITIES 1 Net presentvalue of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries and American tables of mor tality with four and Z4 per cent in terest Deduct net value of risks of this com pany reinsured in other solvent com panies Net reinsurance reserve 4 Claims for death losses reported and no proofs receivedi 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on annuity claims 4694648 51 26883 00 4667765 51 24234 00 12046 00 12294 73 448 20 Total policy claims 11 Amount of unpaid commissions due agents on premium notes when paid 13 Amount due on account of salaries rants and office ex penses 14 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 16 Amount of any other liability of the company viz Pre miums paid in advance Dividends apportioned payable to policyholders subse quent to 1906 17 Liabilities on policyholders sccount 18 Gross surplus on policyholders account 49022 93 726 81 3000 00 38793 46 45658 68 183429 21 4988396 60 1104103 86 19 Total liabilities 6092500 46COMPTROLLERGENERALS REPORT 317 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 685 1C61039 35 Number and amount of policies on the lives of citi zens of Georgia issued during the year 288 387192 07 Total 973 144823142 Deduct number and amount which have ceased to be in force during the year 133 226760 34 Total number and amount of policies in force in Georgia December 31 1905 840 1221471 08 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 3 3512 25 Amount of losses and claims on policies in Georgia incurred during the year 9 i484t 00 TotalU 12 1835325 Amount of losses and claims on policies in Georgia paid during the year H 1734100 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses divi dends commissions or other expenses 38040 51 NATIONAL LIFE INSURANCE COMPANY MONTPELIER VERMONT Joseph A DeBoer President Osman D Clark Secretary Principal Office 116 State Street Montpelier Vermont ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 29972298 69 Extendedat 29972298 69 nINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 819071 88 li Cash received for renewal premiums without deductions for commissions or other expenses 4126405 43 21 Premium notes loans or liens taken in part payment for renewal premiums 358145 OS 3 From dividends applied to pay running premiums see item 11 disbursements 12393 27318 COMPTROLLERGENERALS REPORT 3J From dividends applied to purchase paid up additions and annuities see item 12 disburs3ments 4 From surrender values applied to pay running premiums see item 14 dis bursements 5 Consideration for annuities other than matured installment policies 6273 67 390 35 514092 48 7 Total premium income 8 Cash received for intereston 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 including 750000 for companys own occupancy 19 From all other sources viz Consideration for supple mentary contracts not involving life contingencies Total income 5948318 16 632293 15 491295 74 251481 94 28597 51 594 48 81936 47 7148 75 7441666 20 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including re versionary additions 2 Premium notes loans or liens used in payment of the same 3 Cash paid for matured endowments and additions thereto 5 Cash paid for sums falling due during the year on installment policies 1322023 57 10627 00 550907 71 5993 21 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 9J Premium notes loans or liens used in payment of divi dends to 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 1889551 49 168561 82 86441 74 109 89 62038 14 123939 27 6273 67 488941 44 390 35COMPTROLLERGENERALS REPORT 319 20 21 Total paid policyholders2826247 81 15J Paid for claims on supplementary contracts not involv ing life contingencies 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 45906708 renewals 32123439 annuities 2542875 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 6864700 in spection of risks 648726 Cash paid for salaries and all other compensation of officers and other home office employees Cash paid for taxes on new premiums 1499417 on renewals 8293411 22 Cash paid for taxes on reserves 2223632 on invest ments 14599 23 Cash paid for insurance department fees and agents licenses 491701 municipal licenses 432579 24 Cash paidjffor rent including 750000 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 4053413 printing and sta tionery 1527665 postage telegrams and express 1703425 Cash paid for real estate expenses other than taxes 3250451 for legal expenses 753760 Cash paid for the following items viz taxes on real estate 1895558 travel 789019 investment expense 402661 premiums on bonds 7054833 depreciation 3521620 Total miscellaneous expenses 159006946 28 29 30 Total disbursement 2379 14 805730 22 139351 20 75134 26 143152 46 97928 28 22382 31 9242 80 26429 16 1576 03 17239 55 72845 03 40042 11 136636 91 4416317 27 IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all incumbrances Loans on mortgage first liens on real estate Loans made in cash to policyholders on this company s policies assigned as collateral Premium notes loans or lines on policies in force Cost value of bonds and stocks owned excluding ac crued interest at time of purchase Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances 4 7 13 Total net or ledger assets 939517 10 13133031 05 3391838 43 1238601 14 13148745 52 1150 98 1143569 10 1194 30 32997647 62320 COMPTROLLERGENERALS REPORT OTHER ASSETS 14 Interest due 305273 and accrued 248 81045 on mortgages claimed as an asset 15 Interest accrued 19132024 on bonds and stock claimed as an asset 17 Interest due 1373644 and accrued 13017267 on premiums notes loans or liens 18 Interest accrued on other assets 19 Rents accrued on companys property or lease claimed as an asset Total carried out 21 Market value of bonds and stocks over cost New Business 23 Gross premiums due and un reported on policies in force December 31 1905 24 Gross deferred premiums on policies in force December 31 1905 251863 18 191320 24 143909 11 1737 00 4025 84 Renewals 113018 93 272375 97 73849 21 398558 69 186868 14 668934 66 Totals 25 Deducting loading 57 per cent on new and 7 per cent on renewals 26 Net amount of uncollected and deferred premiums 80353 30 622109 23 I Annuity considerations unreported net 106514 84 46825 43 592855 37 239495 48 702462g53 2090 00 28 Total assets as per the books of the company 34531551 00 ITEMS NOT ADMITTED 5 Agents balances 1194 30 9 Total assets less items not admitted 34535356 70 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1905 computed accord ing to the actuaries table of mortality with four per cent interest 30097158 56 4 Claims for matured endowments due and unpaid 2415 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 69683 27 7 Amounts due and unpaid on annuity claims 5540 34COMPTROLLERGENERALS REPORT 321 Present value of matured instal 7951726 unpaid amounts on ment policies face 1068 76 Total policy claims if 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders Surrender values claimable on policies surrendered 12 Amount of national State or other taxes due on account of salaries rents and office expenses 16 Amount of any other liability of the company viz Pre miums paid in advance 1131439 extra life rate en dowment reserve 26643247 17 Liabilities on policy holders account 3 694978 20 18 Gross surplus on policyholders account 3838378 50 145707 37 15695 60 6997 05 151672 76 277746 86 19 Total liabilities 34533356 70 20 21 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies Estimated surplus accrued on all other policies 2222600 87 1615777 63 Business in Georgia during 1905 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of pre vious year 656 Number and amount of policies on the lives of citi zens of Georgia issued during the year 692 Total 1348 Deduct number and amount which have ceased to be in force during the year 262 Total number and amount of policies in force in Georgia December 311905 1086 Amount of losses and claims on policies in Georgia incurred during the year 6 Total 6 Amount of losses and claims on policies inGeorgia paid during the year 6 Amount of premiums collected or secured in Georgia during the year in cash 6122868 and notes or credits 39310 without any deduction for losses dividends commissions or other expenses 21 in Amount 1296179 02 1507771 37 2803950 39 560473 76 2243476 63 11000 00 11000 00 11000 00 61621 78 322 COMPTROLLERGENERALS REPORT NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY BOSTON MASSACHUSETTS Benjamin F Stevens President D F Appel Secretary Principal Office 87 Milk Street Boston Mass Thomas B Lumpkin Atlanta Attorney for Service in Georgia ICAPITAL STOCK Extended at 35834997 20 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses lj Cash received for renewal premiums without deductions for commissions or other expenses 4399022 45 2 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 3J From distributions applied to purchase paidup additions see item 12 dis bursements 72498 30 4 From surrender values applied to pur chase paid up insurance see item 15 disbursements 25967 59 770054 23 9403 13 471373 48 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 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 S3341500 for companys own occupancy 4 Cash received for profits on sales of bonds or stocks 17 Premium notes loans or liens restored by revival of policies 18 Consideration for supplementary contracts not involving life contingencies 19 From all other sources viz Balance of profit and loss account 5749519 18 4a0969 09 853397 56 174390 82 61373 12 1816 77 199811 58 1604 00 2619 86 10909 0J 5360 58 Total income 7491771 56COMPTROLLERGENERALS REPORT 323 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including re versionary additionsf 2217974 50 2 Premium notes loans or liens used in payment of the same 6244117 3 Cash paid for matured endowments and additions thereto 361397 30 4 Premium notes loans or liens used in the payment of same 30426 70 5 Cash paid for sums falling due during the year on installment policies 7300 00 BJ Total net amount actually paid for losses and matured endowments 2679539 67 Premium notes loans or liens voided by lapse 261084 policy loans 348180 6092 64 Premium notes loans or liens used in payment of dis tributions to policyholders 410 20 10 Cash distributions paid policyholders 66502 73 11 Cash distributions applied to pay running premiums see item 3 income 471373 48 12 Cash distributions applied to purchase paidup additions see item 3 income 72498 30 13 Surrender values paid in cash 555135 93 15 Surrender values applied to purchase paidup insurance see item 4J income 25967 59 Total paid policyholders 3877550 54 17 Cash paid for commissions and bonuses to agents New policies 40398511 renewals 26571240 669697 51 18 Cash paid for salaries and allowances to managers and agents 05364 56 19 Cash paid for medical examiners fees 6201014 in spection of risks 339877 65408 91 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 181623 98 21 Cash paid for taxes on premiums 57405 80 22 Cash paid for taxes on reserves 3362778 on invest ments 39035 31 72663 09 23 Cash paid for insurance department fees and agents licenses 764661 municipal licenses 5 73565 13382 26 24 Cash paid for rent including 3341500 companys occu pancy 55793 82 25 Cash paid for commuting commissions 11374 44 26 Cash paid for furniture fixtures and safes for home and agency offices 18671 77 27 Cash paid for advertising 4135633 printing 3454808 75904 41 28 Cash paid for real estate expenses other than taxes 8008525 for legal expenses 184022 81925 47 324 COMPTROLLERGENERALS REPORT 29 Cash paid for the following items viz Telegraph and telephone service light express exchange and all other general items and incidentals at home ofiice and agencies Premium on bonds purchased Total miscellaneous expenses1144972647 30 Total disbursements 5327277 0L 29876 95 20633 50 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2527408 00 2 Loans on mortgage first liens on real estate 10309183 34 3 Loans secured by pledge of bonds stocks or other marketable collaterals 1551500 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 2805946 12 5 Premium notes loans or liens on poli cies in force of which 940313 was re ceived during the year 153504 21 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 20260406 00 8 Cash deposited in banks 391544 08 13 Total net or ledger assets less depreciation 37999491 75 OTHER ASSETS 14 Interest due 76875 and accrued 8885190 on mort gages 15 Interest due 62500 and accrued 16891818 on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 357867 and accrued 3744340 on pre miums notes loans or liens 18 Interest accrued on other assets 19 Rents due 94150 and accrued i443450 on compa nys property or lease 21 Market value of bonds and stocks over cost New Business lenewals 23 Gross premiums due and unreported on policies in force December 31 1905 24 Gross deferred premiums on policies in force De cember 31 1905 51780 lb 235666 83 85018 5 520005 18 89620 65 169543 18 8924 72 41022 07 588 75 15376 00 1690922 00 Totals 136798 68 I 755672 01COMPTROLLERGENERALS REPORT 25 Deducting loading 23 per cent on new and 23 per cent on renewals 31463 70 173804 56 105334 98 581867 45 26 Net amount of uncdlected and deferred premiums 28 Total assets as per the books of the company 325 687202 43 40702691 55 VLIABJLITIBS Net present value of all the outstanding policies in force on the 31st day of De cember 1905 combined experience 4 per cent on all policies issued prior to January 1 1901 American experience 3 per cent on all policies issued since 35893598 45 Present value of amounts not yet due on supplementary contracts not involving life contingencies 114103 39 Net reinsurance reserve 3 Claims for death losses due and unpaid 4 Claims for matured endowments due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 36007701 84 17248 39 66401 00 130857 00 11500 00 Total policy claims 10 Amount of all unpaid distributions of surplus or other description of profits due policyholders 13 Amount due on account of salaries rents and office expenses 16 Amount of any other liability of the company viz Pre miums paid in advance 226006 39 322321 35 9162 30 35079 07 17 Liabilities on policyholdersaccount 36600270 95 18 Gross surplus on policyholders account 4102420 60 Total liabilities 40702691 55 19 Business in Georgia during 1905 No 809 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year Number and amount of policies on the lives of citi zens of Georgia issued during the year 467 Total 1276 Amount 1504903 00 813294 00 2318197 00 326 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during the year 176 281617 00 Total number and amount of policies in force in Georgia December 311905 1100 2036B80 00 Amount of losses and claims on policies in Georgia incurred during the year 10 2500 00 Amount of losses and claims in Georgia paid during the year 10 12500 00 Amount of premiums collected or secured in Georgia in cash without any deduction for losses dividends commissions or other expenses 70703 82 NEW YORK LIFE INSURANCE COMPANY NEW YORK Wasbkb E Ohk President lovTBT i SeCretaHeS Home Office 346 Broadway New York City ICAPITAL STOCK Amount of ledger assets as per balance December 31 of previous year 381358191 94 Extended at 381358191 94 IIINCOME 1 First years premiums on original policies without deduction for commissions or other expenses less 1921116 for first years reinsurance 12352477 34 4 Dividends applied to purchase paid up ad ditions and annuities 498300 96 6 Consideration for original annuities in volving life contingencies 1311497 45 7 Consideration for supplementary contracts involving life contingencies 71396 90 8 Total new premiums 14233672 65 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less fL1007587 for reinsurance on renewals 68878491 22 10 Dividends applied to pay renewal pre miums 634674 99 11 Surrender values applied to pay renewal preminms 35763 07 12 Renewal premiums for deferred annuities 29916 01 13 Total renewal premiums 69578845 29 14 Total premium income 83812517 94COMPTROLLERGENERALS REPORT 327 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 1150741 28 19 Interest on collateral loans 24555 55 20 Interest on bonds 12288590 21 21 Interest on premium notes policy loans or liens 22 Interest on other debts due the company 23 Discount on claims pid in advance 24 Rent from companys property including 21635401 for companys own occu pancy 2400005 19 308325 98 7672 35 991649 01 392776 67 786 65 25 26 27 5 Total interest and rents 17171539 57 Profit on sale or maturity of ledger assets From other sources Policy fees received from appli cants and from agents 9775925 commissions and net profits earned by participation in syndicates 122 25769 realizedfrom sale of assets which were not taken credit for in balance sheet December 3 1904 39619897 doubtful debts recovered 8573702 243290 09 28 Total income 1001952 93 102630863 85 IIIDISBURSEMENTS 1 For death claims less 13304979 reinsur ance 19781S2S60 additions SLOU 13946 20822968 06 2 For matured endowments less 1500000 reinsurance 487454606 additions 39666746 4971213 52 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 renewal premiums see Income No 11 9 Dividends paid to policy holders in cash 10 Dividends applied to pay renewal premiums see Income No 10 11 Dividends applied to purchase paid up additions and an nuities see Income No 4 25794181 58 1805374 94 7478735 86 35763 07 4015008 43 634674 99 498300 96 12 Total paid policy holders 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 655829685 re newal premiums 224461101 on annuities original 3335552 renewal 1003 40262039 83 129392 21 8836273 41328 COMPTROLLERGENERALS REPORT 16 Commuting renewal commissions 480564 advanced commissions 59872836 603534 00 17 Salaries and allowances for agencies including managers agents and clerks 2742644 58 18 Agency supervision traveling and all other agency ex penses 752242 30 19 Medical examiners fees 65592273 inspeeiion of risks 15215495 808077 S8 20 Salaries and all other compensation of officers and home office employees 1209481 97 21 Rent including 21635401 for companys own occupancy 790327 62 22 Advertising 177888 57 printing and stationery 317 623 07 postage 32006159 815573 23 23 Legil expenses 112458 87 24 Furniture fixture and safes 117558 31 25 Insurance taxes licenses and department fees 884830 44 26 Taxes on real estate 15110418 taxes on mortgages 4 97695s 15608113 27 Repairs and expenses other than taxe on real estate 277111 86 28 Loss on sale or maturity of ledger assets 9011 18 29 All other disbursements Trustees fees 25540 00 tele grams cables telephone and express 40575 43 pa pers and clippings 336889 restaurant 2793596 premiums on Fidelity bond 19256 71 rive states ex amination 2552947 trustees investigation 55000 stenographers rep rts of legislative committee 7 37623 miscellaneous item of expense 3989312 marked off from book value of real estate 18669808 doubtful debts written off 1776213 securities trans ferred to nonledger assets item 2t showing assets not taken credit for in balance sheet 42053878 820074 80 30 Total disbursements 59326713 42 IV LEDGER ASSETS Book value of red estate unincumbered 14021863 42 Mortgage loans on real estate first liens 25586644 21 Loans secured by pledge of bonds 3250000 00 Loans made to policy holders on this companys policies assigned as collateral 45406669 49 5 Premium notes on policies in force 3882341 13 6 Book value of bonds excluding interest company does not own stocks 317993895 44 7 Deposited in trust companies and banks on interest 11155212 66 8 Cash in companys office 4004905 deposited in banks not on interest 352266697 3562716 02 10 Total ledger assets424662342 37COMPTROLLERGENERALS REPORT XONMDGER ASSETS 11 Interest due 812950 and accrued 127 19563 on mortgages 135325 13 12 Interest accrued on bonds 2462741 80 13 Interest accrued on collateral loans 38486 11 14 Interest accrued on premium notes policy loans or liens 149889 77 15 Interest accrued on other assets 4950100 16 Rents due 1098549 and accrued 17 33651 on companys property or lease 28322 00 329 17 Total interest and rents due and accrued 20 Due from other companies for losses or claims on policies of this company reinsured 21 Gross premiums due and un New Business Renewals reported on policies in force December 31 1905 Gross deferred premiums on policies in force December 31 1905 22 15476771 00 525995 00 4980903 00 23 Totals 525995 00 10457674 00 24 Deduct loading 25 per cent 131498 75 2614418 50 2864265 81 56000 00 25 Net amount of uncollected and deferred premiums 394496 25 7843255 50 8237751 75 27 Grjss assets 435820359 93 VLIABII ITIES 1 Net present value of all the outstanding policies paid for in force on the 31st day of December 1905 as computed by the Insurance Department of the State of New York on the actuaries and Amer ican tables of mortality with 3 and 4 per cent interest as follows Policies known as the companys 3 per cent poli cies and all policies issued since Decem ber 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 com bined experience table of mortality with 4 per cent interest 355375627 00 Same for reversionary additions 2900764 00 Same for annuities including these in re duction of premium 16978775 00 Total 375255166 00 330 COMPTROLLERGENERALS REPORT Deduct net value of risks of this company reinsured in other solvent companiis 172776 00 Net reserveif 375082390 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 1852505 48 3 Liability on policies cancelled and not included in item 1 upon which a surrender value may be demanded 111420 97 5 Claims for death losses in process of ad justment or adjusted and not due 1174872 18 6 Claims for death losses which have been reported and no proofs received 1833009 71 7 Claims for matured endowments due and unpaid not presented 230901 30 8 Claims for death losses and other policy claims resisted by the company 130469 34 9 Due and unpaid on annuity claims involv ing life contingencies not presented 138901 92 10 Total policy claims 11 Due and unpaid on supplementary contracts not involving life contingencies 12 Premiums in advance including surrender values so ap plied 93390904 interest paid in advance on policy loans and premium notes 100618786 13 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 accrued 19 Dividends or other pr fits due policyholders including those contingent on payment of outstanding and de ferred premiums 22 Other liabilitiis Additional reserve on policies which the company voluntarily sets aside in excess of the States requirements if720841200 reserve to provide dividends payable to policyholders in 1906 and thert after as the periods mature to holders of 20year pe riod policies and longer 2918098700 to holders of 15year period policus 513441800 to holders of 10 year period policies 321016 00 to holders of 7year period policies 1217700 to holdtrs of 5year period policies 41706800 to holders of annual dividend poli cies 89649700 reserves to provide for all other con tingencies 954905182 3508154 45 744 82 1940096 90 46011 33 155000 00 288409 16 25 Total liabilities 5283562682 435820359 93COMPTROLLERGENERALS REPORT 331 Business in Georgia During 1905 Policies on the lives of citizens of said State in force No Amount December 31 of previous year 11324 21945945 00 Policies on the lives of citizens of said State issued during the year 1541 311566100 Total 12865 25061606 00 Deduct ceased to be in force during the year 1026 1985690 00 Policies in force December 31 1905 11839 23075916 00 Losses and claims unpaid Dtcember 31 of previous year 10 23002 00 Losses and claims incurred during the year 174 387854 44 Total 184 410856 44 Losses and claims settled during the year by com promise 10000 176 385355 44 Losses and claims unpaid December 31 1905 8 25501 00 Premiums collected or secured in cash and notes or credits without any d duction for losses dividends commissions or other expenses 812129 68 THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY H L Palmer President C H Watson Secretary Principal Office corner Broadway and Michigan Streets Milwaukee Wis I CAPITAL STOCK Amount of ledger assets 188165532 64 Extended at188165532 64 IIINCOME 1 First years premiums on original poli cies without deduction for commis sions or other expenses 3595813 16 3 Total first years premiums on original policies 3595813 16 4 Dividends applied to purchase paidup additions and annuities 866479 11 6 Consideration for original annuities in volving life contingencies 66997 24 7 Consideration for supplementary con tracts involving life contingencies L629J51 8 Total new premiums 4530919 02 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses 22854647 06332 COMPTROLLERGENERALS REPORT 10 12 13 14 15 17 18 20 21 22 23 24 25 26 27 Dividends applied to pay renewal pre miums 2669264 00 Renewal premiums for deferred annui ties 1889 19 Total renewal premiums 25525800 25 Total premium income 30056719 27 Consideration for supplementary contracts not involving life contingencies 252301 00 Premium notes loans or liens restored by revival of pol icies 5818 08 Interest on mortgage lo ms 436291143 Interest on bonds 2993963 73 Interest on premium notes policy loans or liens Interest on other debts due the company Discount on claims paid in advance only endowments discounted Rent for companys property including 4144801 for companys own occu pancy Total interest and rents 971209 51 299315 37 8298 87 347326 44 Profit on sale or maturity of ledger assets From other sources 8983025 35 27352 04 43 92 28 Total income 39325259 66 DISBURSEMENTS 1 2 3 4 5 6 9 10 11 12 13 15 18 L9 For death claims 752351809 additions 19356889 7717116 98 For matured endowments 154773015 additions 5452894 1602259 09 Net amount paid for losses and matured endowments 9319376 07 For annuities involving life contingencies 51124 95 Premium notes voided by lapse 7216 40 Surrender values paid in cash 4389896 32 Dividends paid to policyholders in cash 2953317 72 Dividends applied to pay renewal premiums see income No 10 2669264 00 Dividends applied to purchase paidup additions and an nuities see income o 4 866479 11 Total paid policyholders 2025867457 Paid for claims on supplementary contracts not involv ing life contingencies 93689 61 Commissions First years premiums 154113129 re newal premiums 185135325 on annuities original 59533 renewal 35000 3393432 87 Traveling and all other agency expenses 12158 81 Medical examiners fees 18199267 inspection of risks 2098112 202973 79COMPTROLLERGENERALS REPORT 333 20 Salaries and all other compensations of officers and home office employees 21 Rent including 4144301 for companys own occupancy 22 Advenising 7940 33 printing and stationery 63 86188 postage 10865025 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 14994204 traveling expenses 26725 taxation expenses 5 78323 loss expenses 5754 expenses of trustees and executive committee 3347570 exchange 880298 freight and express 1336565 expense of exami nation by insurance commissioners 459839 judg ment paid 1100000 adjustment of real estate values 1887469 30 Total disbursements 543201 46 41448 01 180458 51 22874 33 5475 01 649395 90 70281 25 161512 29 236167 47 25871743 IVLEDGER ASSETS 3241976 49 99070301 58 10 11 12 14 16 17 19 Book value of real estate unincumbered Mortgage notes on real estate first liens Loans made to policyholders on this companys policies assigned as collat eral 1866772000 Premium notes on policies in force 315307 01 Book value of bonds excluding interest 78871060 63 Deposited in trust companies and banks on interest no deposits in trust com panies 1232387 56 Cash in companys office 21352277 de posited in banks not on interest 3 51449 21703726 Agentsbalances 3257 89 Total ledger assets 201 619048 42 NOXLEEOEE ASSETS Interest due 1839549 and accrued 1 29667450 on mortgages 1315069 99 Interest accrued on bonds 1179115 76 Interest due 10838138 and accrued 50921646 on premium notes policy loans or liens Rents due 36351 and accrued 24 45644 on companys property or lease Total interest and rents due and accrued 3136603 54 Market value not including interest in item 12 of bonds over book value 617597 84 24819 95334 COMPTROLLERGENERALS REPORT 21 Gross premiums due and New Business Renewals unreported on policies in force December 31 1905 23297 00 971639 51 22 Gross deferred premiums on policies in force De cember 311905 248014 00 1500195 00 23 Totals 27131100 2471834 51 24 Deduct loading 22 per cent 596S8 42 543803 59 25 Net amount of uncollected and deferred premiumsI 211622 58 1928030 92 2139653 50 27 Gross assets 208420330 61 3257 89 DEDUCT ASSETS NOT ADMITTED 30 Agents debit balances 35 Total 36 Total admitted assets 208417072 72 3257 89 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany on the actuaries and American tables of mortality with four and three per cent interest respectively166712487 00 Same for reversionary additions 4819723 00 Same for annuities including those in re duction of premiums 56580 00 Net reserve 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 4 Claims for death losses due and unpaid3 5 Claims for death losses in process of adjustment or adjusted and not due 6 Claims for death losses which have been reported and no proofs received 7 Claims for matured endowments due and unpaid 8 Claims for death 1 sses and other policy claims resisted by the company 9 Due and unpaid on annuity claims involving life con tingencies 10 Total policy claims 11 Due and unpaid on supplementary contracts not involv ing life contingencies 12 Premiums paid in advance including surrender values so applied 172097790 00 978996 17 76015 51 157670 12 122152 26 60642 96 92831 01 1795 63 511107 49 2172 50 41024 24COMPTROLLERGENERALS REPORT 335 15 Bills accounts commissions medical fees due or accrued 94311 08 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 456540 66 20 Dividends apportioned payable to policyholders during 906 3361116 94 Tontine surplus payable to policyholders subsequent to 1906 as the periods of participation mature 21542316 06 24 Unassigned funds surplus 933L697 58 25 Total liabilities 208417072 72 Business in Oeorgia during 1905 Policies on the lives of citizens of said State in force No December 31 of previous year 6507 Policies on the lives of citizens of said State report ed during the year 621 Total 7128 Deduct ceased to be in force during the year includ ing removals from the State 362 Policies in force December 31 Losses and claims unpaid December 31 of previous year Losses and claims incurred during the year Total Losses and claims settled during the year 6766 1 78 79 Amount 13787103 00 1843300 00 15630403 00 621723 00 15008680 00 320 00 196311 04 196631 04 182631 04 Losses and claims unpaid December 31 3 I Premiums collected or secured in cash and notes or credits not including premiums paid by nonresidents without any deduction for losses dividends commissions or other expenses 14000 00 526129 88 PACIFIC MUTUAL LIKE INSURANCE COMPANY SAN FRAISCISOO CALIFORNIA Wilbur S Tuppbr President Rich J Mier AssistantSeeretary Home Office Cor Montgomery and Sacramento Sts San Francisco Cal Adam C Harmon Savannah Aotorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 Amount of ledger assets as per balance December 31 of previous year 6637716 13 Extended at 6637716 13836 COMPTROLLERGENERALS REPORT 126243 1 First years premiums on original policies without deduction for commissions or other expenses less 353823 for first years reinsurance 564527 27 2 Surrender values applied to pay first years premiums 3 Total first years premiums on original policies 4 Dividends applied to purchase paidup additions and annuities 120264 95 6 Consideration for original annuities in volving life contingencies 1200 00 7 Consideration for supplementary con tracts involving life contingencies 10260 00 697514 65 8 Total new premiums 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 1908094 for reinsurance on renewals 1651161 66 10 Dividends applied to pay renewal pre miums 51369 13 11 Surrender values applied to pay renewal premiums 14766 46 13 Total renewal premiums 14 Total premium income 15 Consideration for supplementary con tracts not involving life contingencies 2232 00 18 Interest on mortgage loans 74742 02 19 Interest on collateral loans 13151 45 20 Interest on bonds and dividends on stocks 193333 78 21 Interest on premium notes policy loans or liens 31526 84 22 Interest on other debts due the company 24822 01 24 Rent from companys property including 1320000 for companys own occupancy 24603 30 25 Total interest and rents 26 Profit on sale or maturity of ledger assets 27 From other sources Accident premiums 565789 70 1717297 25 2414811 90 362179 40 6166 67 541866 35 28 Total income 3327256 32 IIIDISBURSEMENTS 1 For death claims 15032615 additions 842000 458746 15 2 For matured enflowments 5495600 ad ditions 126503 5522100 3 Net amount paid for loses and matured endowments 514937 15COMPTROLLERGENERALS REPORT 337 9 10 11 12 13 14 15 17 18 19 20 21 22 23 24 25 26 27 23 29 For annuities involving life contingencies 9692 34 Premium notes voided by lapse 1848 45 Surrender values paid in cash 70 766 44 Surrender values applied to pay new premiums see income No 2 126243 to pay renewal premiums see income No 11 1476646 16028 89 Dividends paid to policyholders in cash 37119 56 Dividends applied to pay renewal premiums see income No 10 51369 13 Dividends applied to purchase paidup additions and annuities see income No 4 120264 95 Total paid policyholders 822056 91 Paid for claims on supplementary contracts not involv ing life contingencies 2213 00 Paid stockholders for interest or dividends 35000 00 Commissions and bonuses to agents less commission on reinsurance first years premiums 38530739 re newal premiums 12025615 on annuities original WOO 505623 54 Salaries and allowances for agencies including mana gers agents and clerks 96413 60 Agency supervision traveling and all other agency ex penses 9738 98 Medical examiners fees 5003200 inspection of risks 1536922 55401 22 Salaries and all other compensation of officers and home office employees 106375 70 Rent including 960000 for companys own occupancy 18796 87 Advertising 733054 printing and stationery 27 300 99 postage 602671 40658 24 Legal expenses 12425 64 Furniture fixtures and safes 4753 29 Insurance taxes licenses and department fees 30363 06 Taxes on real estate 5976 57 Repairs and expenses other than taxes on real estate 8564 10 Loss on sale or maturity of ledger assets 192 05 All other disbursements Telegrams telephone express age exchange library bureau and general expenses 1318381 loss and gain including agents balances marked off 9292420 accident department disburse ments 53782097 643928 98 30 Total disbursements 408481 75 IVLEDGER ASSETS Book value of real estate unincumbered 672178 48 Mortgage loans on real estate first liens 1900884 66 Warrants reclamation District 407 Sacramento county California first lien on district funds 29970 98 22 in338 COMPTROLLERGENERALS REPORT 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds excluding interest 390296774 stocks 26274024 7 Deposited in trust companies and banks on interest Cash in companys office 472676 deposited in banks not on interest 20594242 less reinsurance reserve held account other companies 5463778 9 Bills receivable 242354 furniture and fixtures 30 36805 10 Total ledger assets 100235 50 434450 91 54239 20 4165707 98 10000 00 156031 40 32791 59 7556490 70 NONLEDGER ASSETS 11 Interest due 705 23 and accrued 16 35068 on mortgages 17055 91 12 Interest accrued on bonds and stocks 67240 17 13 Interest accrued on collateral loans 342 15 14 Interest due 235778 and accrued 2 84021 on premium notes policy loans or liens 5197 99 15 Interest accrued on other assets 3346 03 16 Rents due 10250 and accrued 39800 on companys property or lease 500 50 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 New Business Renewals 21 Gross premiums due and un reported on policies in force December 31 1905 112306 48 22396039 22 Gross deferred premiums on policies in force December 31 1905 48266 81 139861 01 Totals 160573 29 363821 40 Deduct loading 32114 66 72764 28 93682 75 71151 66 287293 52 5000 00 23 24 25 Net amount of uncollected and deferred premiums 128458 63 29105 12 419515 75 26 Allother assets Printed supplies 500000 separate nonledger assets of accident department 16S877 49 173877 49 27 Gros sassets 8607014 87COMPTROLLERGENERALS REPORT 339 DEDUCT ASSETS NOT ADMITTED 29 Supplies stationery printed matter 5 00000 furniture fixtures and safes 3036805 35368 05 32 Bills receivable 2423 54 35 Total 37791 59 36 Total admitted assets g 559 223 28 TLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany on the actuaries table of mortal ity with four percent interest on poli cies dated prior to January 11901 and on the American experience table of mortality with three and onehalf per cent interest on policies dated subse quent to December 31 1900 6631224 72 Same for reversionary additions 618968 88 Same for annuities including those in reduction of premiums 91747 79 Total 7341941 39 Deduct net value of risks of this company reinsured in other solvent companies 67759 67 Net reserve 7 274 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 5 Claims for death losses in process of ad justment or adjusted and not due 6 Claims fordeath losses which have been reported and no proofs received 8 Claims for death losses and other policy claims resisted by the company 28102 20 181 72 7197 00 16487 90 32507 23 10 Total policy claims 12 Premiums paid in advance including surrender values so applied Other liabilities Interest paid in advance on policy loans 833931 accident department liabilities 286 86149 additional reserve set aside 30000000 Gross surplus of which 50000000 is capital stock and 11017398 is unassigned funds 22 23 77097 33 5372 45 595200 80 610173 93 24 Total liabilities 8569223 28340 COMPTROLLERGENERALS REPORT Business in Georgia during 1905 Policies on the lives of citizens of said State in force No December 31 of previous year 525 Policies on the lives of citizens of said State issued during the year 286 Total 811 Deduct ceased to be in force during the year 143 Policies in force December 31 M8 1083686 00 Losses and claims unpaid December 31 of previous year 2 Losses and claims incurred during the year 4 Total 6 Losses and claims settled during the year 5 Losses and claims unpaid December 31 1 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses Amount 854003 00 422565 00 1276568 00 192882 00 4000 00 6500 00 10500 00 9500 00 1000 00 37011 97 PHCENIX MUTUAL LIFE INSURANCE COMPANY OF CONNECTICUT John M Holcombe President Silas H Cornwell Secretary Home Office 49 Pearl Street Hartford Connecticut Chaeles S Noethen Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of ledger assets as per balance December 31 1905 17800932 09 Extended at f 17S00932 09 IIINCOME 5 First years premiums on original policies without deduction for commissions or other expenses less 518393 for first years reinsurance 527306 84 6 Surrender values applied to pay first years premiums 495 08 7 Total first years premiums on original policies 527801 92 8 Dividends applied to purchase paidup ad ditions and annuities 6G098 00COMPTROLLERGENERALS REPORT 341 9 Surrender values applied to purchase paidup insurance and annuities 82216 00 10 Consideration for original annuities in volving life contingencies 25209 27 12 Total new premiums 13 Renewal premiums in addition to items 10 and 12 without deduction for com missions or other expenses less 27356 36 for reinsurance on renewals 14 Dividends applied to pay renewal premi ums 15 Surrender values applied to pay renewal premiums 701325 19 2577408 42 226700 97 3051 07 17 Total renewal premiums 2807160 46 18 Total premium income 19 Consideration for supplementary contracts not involving life contingencies Interest on mortgage loans 577721 53 Interest on bonds and dividends on stocks 217123 72 Interest on premium notes policy loans or liens 84010 24 Interest on other debts due the company Discount on claims paid in advance 342 12 28 Rent from companys property including 1000000 for companys own occupancy 38640 94 22 24 25 26 27 29 Total interest and rents 30 Profit on sale or maturity of ledger assets 31 From other sources Guarantee of mortgage loans 3508485 65 13575 00 9753 73 927592 28 17266 31 2883 66 40 Total income 4469802 90 IIIDISBURSEMENTS 1 For death claims less 9426200 reinsur ance 106611550 additions 891300 1075028 50 2 For matured endowments 12010600 ad ditions 814650 128252 50 3 Net amount paid for losses and matured endowments 1203281 00 4 For annuities involving life contingencies 10654 33 5 Premium notes voided by lapse 2169 00 6 Surrender values paid in cash 220920 14 7 Surrender values applied to pay new premiums see in come No 2 49508 to pay renewal premiums see income No 11 305107 3546 15 8 Surrender values applied to purchase paidup insurance and annuities see income No 5 82216 00342 COMPTROLLERGENERALS REPORT 9 Dividends paid to policyholders in cash 4836 75 10 Dividends applied to pay renewal premiums see income No 10 226700 97 11 Dividends applied to purchase paidup additions and an nuities see income No 4 66098 00 12 Total paid policyholders 1820422 34 13 Paid for claims on supplementary contracts not involving life contingencies 7066 67 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 28573412 re newal premiums 16577434 on annuities original 113654 452645 00 16 Commuted renewal commissions 17844 22 17 Salaries and allowances for agencies including man agers agents and clerks 74764 85 18 Agency supervision traveling and all other agency ex penses 31959 04 19 Medical examiners fees 4658207 inspection of risks 528579 51867 86 20 Salaries and all other compensation of officers and home office employees 95998 46 21 Rent including 1000000 for companys own occupancy 34062 82 22 Advertising 999572 printing and stationery 23626 48 postage 1537366 4S995 86 23 Legal expenses 1900 00 24 Furniture fixtures and safes 3947 47 25 Insurance taxes licenses and department fees 91382 21 26 Taxes on real estate 8542 39 27 Repairs and expenses other than taxes on real estate 11066 55 28 Loss on sale or maturity of ledger assets including sums charged off from cost of real estate 11706 13 29 All other disbursements Exchange 16053 miscella neous expenses 1346284 agents ledger balances charged off 670069 20324 06 39 Total disbursements 27S4495 93 IVLEDGER ASSETS 1 Book value of real estate unincumbered 640161 70 2 Mortgage loans on real estate first liens 11939233 06 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds excluding interest 462286286 and book value of stocks 34108100 7 Deposited in trust companies and banks on interest American National Bank Hartford 36908229 Metro politan Trust Co New York 8890017 9 Cash in companys office 1293108 00 191329 75 4963943 86 457982 46 480 23 12 Total ledger assets 19486239 06COMPTROLLERGENERALS REPORT 343 NONLEDGEB ASSETS 77373 and accrued 22336700 on mort 13 Interest due gages 14 Interest accrued on bonds and stocks 16 Interest due on premium notes policy loans or liens 21 Market value of bonds and stocks over book value New Business 23 Gross premiums due and unreported on policies in force December 31 1905 56331 71 24 Gross deferred premiums on policies in force De cember 31 1905 28404 05 25 Totals 26 Deduct loading 27 Net amount of uncollected and deferred premiums 84735 76 17272 42 67463 34 Renewals 133353 88 178248 26 311602 14 69282 72 242319 42 233140 73 15000 00 3691 69 202923 14 309782 76 33 Gross assets 20250777 38 DEDUCT ASSETS XOT ADMITTED 39 Premium notes and loans on policies and net premiums in item 25 in excess of the net value of their policies 5762 00 43 Total admitted assets 20245015 38 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany on the actuaries table of mortal ity with 4 per cent interest 18532384 00 2 Same for reversionary additions 510304 00 3 Same for annuities including those in reduction of premiums 114313 00 4 Total 19157001 00 5 Deduct net value of risks of this company reinsured in other solvent companies 108047 00 6 Net reserve 19048954 00 7 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company with 3J per cent interest 34385 00344 COMPTROLLERGENERALS REPORT 10 Claims for death losses in process of ad justment or adjusted and not due 9145 00 11 Claims for death losses which have been reported and no proofs received 19375 00 15 Total policy claims 28520 00 17 Premiums paid in advance including surrender values so applied 1S795 00 19 Cost of collection on uncollected and deferred premi ums in excess of the loading and dividends thereon 1792 00 24 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 4517 00 25 Dividends apportioned payable to policyholders during 1906 29500 00 33 Other liabilities Unearned interest on policy loans and notes 40693 00 34 Special policy reserve 132500 00 40 Unassigned funds surplus 905359 38 41 Total liabilities 20245015 38 Business in Georgia during 1905 No Amount Policies on the lives of citizens of said State in force December 31 1904 95S 1845003 00 Policies on the lives of citizens of said State issued increased and revived during the year 221 353720 00 Total 1179 2198723 00 Deduct ceased to be in force and decreased during the year 265 356986 00 Policies in force December 31 1905 914 1841737 00 Losses and claims incurred during the year 6 12000 00 Losses and claims settled during the year in cash 6 12000 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 66693 18COMPTROLLERGENERALS REPORT 345 PENN MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PA Habby F West President William H Kingsley Secretary Home Office 921 923 and 925 Chestnut Street Philadelphia Pa Henby C Bagley Atlanta Attorney for Service in Georgia ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year 65866657 42 4 Extended at 65866657 42 IIINCOME 5 First years premiums on original poli cies without deduction for commissions or other expenses less 1306697 for first years reinsurance 2173645 08 6 Surrender values applied to pay first years premiums 4464 88 7 Total first years premiums on original policies 2178109 96 8 Dividends applied to purchase paidup additions and annuities 113804 00 9 Surrender values applied to purchase paidup insurance and annuities 209904 00 10 Consideration for original annuities in volving life contingencies 304269 71 11 Consideration for supplementary con tracts involving life contingencies 4771 92 12 Total new premiums 2810859 59 13 Renewal premiums in addition to items 14 15 and 16 without deduction for commissions or other expenses less 4933270 for reinsurance on renewals 10551133 68 14 Dividends applied to pay renewal premi ums 810681 50 15 Surrender values applied to pay renewal premiums 24955 86 16 Renewal premiums for deferred annuities 2610 95 17 Total renewal premiums 11389381 99 18 Total premium income 14200241 58 19 Consideration for supplementary contracts not involving life contingencies 161271 32 21 Premium notes loans or liens restored by revival of poli cies 493895346 COMPTROLLERGENERALS REPORT 22 Interest on mortgage loans 1263992 35 23 Interest on collateral loans 137614 07 24 Interest on bonds and dividends on stock 1286215 92 25 Interest on premium notes policy loans or liens 451250 27 26 Interest on other debts due the company 25611 16 28 Rent from companys property 208560 19 29 Total interest and rents 3373243 96 30 Profit on sale or maturity of ledger assets 68744 52 31 From other sources Agents balance recovered 112500 bonuses on mortgages syndicate profits etc 1687131 17996 31 40 Total income 17826436 64 IIIDISBURSEMENTS 1 For death claims less 12800000 rein surance 369397513 additions 21 63300 3715608 13 2 For matured endowments 103662718 additions 2769100 1064318 18 3 Net amount paid for losses and matured endowments 4779926 31 4 For annuities involving life contingencies 220426 86 5 Premium notes voided by lapse 36736 65 6 Surrender values paid in cash 1043726 88 7 Surrender values applied to pay new premiums see in come No 6 446488 to pay renewal premiums see income No 15 2495586 29420 74 8 Surrender values applied to purchase paidup insurance and annuities see income No 9 209904 00 9 Dividends paid to policyholders in cash 95296 44 10 Dividends applied to pay renewal premiums see income No 14 81068150 11 Dividends applied to purchase paidup additions and an nuities see income No 8 113804 00 12 Total paid policyholders 733992338 13 Paid for claims on supplementary contracts not involving life contingencies 114408 00 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 113S45932 re newal premiums 71522507 on annuities original 1498015 renewal 15246 1868817 00 16 Commuting renewal commissions 6119 86 17 Salaries and allowances for agencies including man agers agents and clerks 53672 52 18 Agency supervision traveling and all other agency ex penses 35S31 08 19 Medical examiners fees 13355236 inspection of risks 1844221 151994 57COMPTROLLERGENERALS REPORT 347 20 Salaries and all other compensation of officers and home office employees 21 Rent 22 Advertising 7602535 printing and stationery 35380 36 postage 3456614 23 Legal expenses 24 Furniture fixtures and safes 25 Insurance taxes licenses and department fees 26 Taxes on real estate 27 Repairs and expenses other than taxes on real estate 28 Loss on sale or maturity of ledger assets 29 All other disbursements Home office expenses 62172 88 bond premiums 2286550 deductions from real estate and bond valuations 4754589 suspended bank balance 277018 agents balances etc 509873 301994 38 54251 80 145971 85 16812 43 6100 41 390506 68 39608 01 137600 87 8460 53 140453 18 39 Total disbursements 10812526 55 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2568507 12 2 Mortgage loans on real estate first liens 27253091 87 3 Loans secured by pledge of bonds stocks or other collat teral m 2714914 50 4 Loans made to policyholders on this companys policies assigned as collateral 6860482 00 5 Premium notes on policies in force of which 567500 is for first years premiums 1288187 75 6 Book value of bonds excluding interest 3103011137 stocks 47595719 31506068 56 7 Deposited in trust companies and banks on interest 309883 35 8 Cash in companys office 378275 deposited in banks not on interest 698423 10766 98 9 Bills receivable 25758459 agents balances 1647098 274055 57 10 Furniture 8159 98 11 Temporary notes for premiums 86449 83 12 Total ledger assets 72880567 51 N ONLEDGER ASSETS 13 Interest due 156584 and accrued 44555385 on mortgages 447119 69 14 Interest accruedon bonds and stocks 462338 52 15 Interest due 275493 and accrued 9 29883 on collateral loans 12053 76 17 Interest accrued on other assets 2500 00 18 Rents due 165283 and accrued 6182 01 on companys property or lease 7834 84 19 Total interest and rents due and accrued 21 Market value not including interest in item 12 bonds and stocks over book value of 931846 81 568483 11348 COMPTROLLERGENERALS REPORT New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 87697 24 933191 66 24 Gross deferred premiums on policies in force De cember 31 1905 90190 41 876118 03 25 Totals 177SS7 65 1809309 69 26 Deduct loading 35577 53 361861 94 27 Net amount of uncollected and deferred premiums 142310 12 1447447 75 1589757 87 28 All other assets Secured profits on real estate under con tracts of sale 38229 89 30 Gross assets 76008885 19 DEDUCT ASSETS KOT ADMITTED 32 Furniture fixtures and safes 8159 9S 33 Agents debit balances 16470 98 34 Cash advanced to or in the hands of officers or agents all to agents 257584 59 42 Total 282215 55 43 Total admitted assets 75726669 64 VLIABILITIES 1 Net present value of all outstanding pol icies in force on the 31st day of De cember 1905 as computed by the Penn sylvania insurance department on the actuaries table of mortality with 4 per cent interest and the 3 and 31 per cent American table 59714407 00 2 Same for reversionary additions 1004103 00 3 Same for annuities including those in reductions of premiums 2027333 00 4 Total 62745843 00 5 Deduct net value of risks of this com pany reinsured in other solvent compa nies 103S90 00 6 Net reserve 62641953 7 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary 1301594 Trust deposits 15544 00 00 00COMPTROLLERGENERALS REPORT 349 10 Claims for death losses in process of adjustment or ad justed and not due 290970 74 12 Claims for matured endowments due and unpaid 15762 00 13 Claims for death losses and other policy claims resisted by the company 32129 00 17 Premiums paid in advance including surrender values so applied 41503 11 18 Commissions due to agents on premium notes when paid 23466 21 20 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 13280 00 24 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 170346 92 25 Dividends apportioned payable to policyholders during 1906 176557 12 26 Dividends apportioned payable to policyholders subse quent to 1906 Accumulated surplus fund 322230839 life rate endowment and five year option fund 1161 13438 four per cent bond fund 33592928 six per cent bond fund 10830641 total 4827678 46 33 Other liabilities Special 3J per cent reserve 1223731 unearned interest on collateral policy loans etc 231 52604 L455259 04 40 Unassigned funds surplus 4720628 04 41 Total liabilities 75720669 64 Business in Georgia luring 1905 No Amount 10 Policies on the lives of citizens of said State in force December 31 of previous year10937 20914215 00 11 Policies on the lives of citizens of said State issued during the year 3038 4677720 00 12 Total 13975 25591935 00 13 Deduct ceased to be in force during the year 1303 2474of7 00 14 Policies in force December 3112672 2311737S 00 15 Losses and claims unpaid December 31 of previ 9 16218 52 ous year 16 Losses and claims incurred during the year 107 222568 51 17 Total 116 238787 03 16 Losses and claims settled during the year 101 221501 34 19 Losses and claims unpaid December 31 15 17285 69 20 Premiums collected or secured in cash and notes or cred its without any deduction for losses dividends commis sions or other expenses 731662 70350 COMPTROLLERGENERALS REPORT THE PRUDENTIAL INSURANCE CO OP AMERICA NEWARK N J John P 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 2 Amount of ledger assets as per balance December 31 of previous year 83804066 61 Extended at 83804066 61 IIINCOME 4 First years premiums on original policies without deduction for commissions or other expenses less 256083 for first years reinsurance 71 127 01 5 Surrender values applied to pay first years premiums 2 703 27 6 Total first years premiums on original Plicies 7663830 28 7 Dividends applied to purchase paidup additions and annuities 42 716 53 8 Surrender values applied to purchase paid up insurance and annuities 968 025 82 9 Consideration for original annuities in volving life contingencies 75902 03 11 Total new premiums 8o044 66 12 Renewal premiums in addition to items 13 14 and 15 without deduction for commissions or other expenses less 15607653 for reinsurance on renewals 36149289 24 13 Dividends applied to pay renewal pre miums 106203 34 14 Surrender values applied to pay renewal premiums 5j692 6 15 Renewal premiums for deferred an nuities 56715 16 Total renewal premiums 36261752 38 17 Total premium income 45 019 2 04 18 Consideration for supplementary contracts notinvolving life contingencies 20 Premium notes loans or liens restored by revival of pol icies 21 Interest on mortgage loans 3f fa 22 Interest on collateral loans COMPTROLLERGENERALS REPORT 351 23 Interest on bonds and dividends on stocks 2112540 74 24 Interest on premium notes policy loans or liens 17109150 25 Interest on other debts due the company and on bank balances 152449 32 27 Rent from companys property including 39950140 for companys own occupancy 792789 68 28 Total interest and rents 4189942 62 29 Profit on sale or maturity of ledger assets Bonds 12 14078 real estate 3038401 42524 79 HO From other sources Conscience fund 110 00 31 Total income 49303422 27 IIIDISBURSEMENTS 1 For death claims 1145588034 addi tions 5124485 11507125 19 2 For matured endowments 7938300 ad ditions 23600 79619 00 9 10 11 12 13 14 15 10 17 18 19 20 Net amount paid for losses and matured endowments For annuities involving life contingencies Surrender values paid in cash Surrender values applied to pay new premiums see in come No 5 270327 to pay renewal premiums see income No 14 5692 65 Surrender values applied to purchase paidup insurance and annuities see income No 8 Dividends paid to policyholders in cash Dividends applied to pay renewal premiums see income No 13 Dividends applied to purchase paidup additions and an nuities see income No 7 Total paid policyholders 1432581586 Paid for claims on supplementary contracts not involv ing life contingencies Paid stockholders for interest or dividends Commissions and bonuses to agents less commission on reinsurance first years premium 383522545 re newal premiums 421372913 on annuities original 364979 renewal 3346 Commuting renewal commissions Salaries and allowances for agencies including mana gers agents and clerks Agency supervision traveling and all other agency ex penses Medical examiners fees 583660 13 inspection of risks 2663650 Salaries and all other compensation of officers and home office employees 11586744 19 50980 10 5ti6353 69 8395 92 968025 82 996396 27 106203 34 42716 53 16698 10 209000 00 8052637 83 24069 37 2908954 99 235756 72 610296 63 1488942 73352 COMPTROLLERGENERALS REPORT o 21 Rent including 39950140 for companys own pancy less 68182 received under sublease 22 Advertising 29436080 printing and stationery 38761 postage 7594538 23 Legal expenses 24 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 Bonds 20 04166 real estate 701394 All other disbursements Law libraries 51355 ap praising fees 43290 sundry general expenses 102 523 25 expressage 3550258 25 26 27 28 29 688068 78 645693 79 65985 74 64097 55 794510 09 176209 02 266390 05 27055 60 138912 48 30 Total disbursements 30730155 13 IVLEDGEE ASSETS 1 Book value of real estate unincumbered 12427935 24 2 Mortgage loans on real estate first liens i8896317 72 3 Loans secured by pledge of bonds stocks or other col lateral 4675875 00 4 Loans made to policyholders on this companys policies assigned as collateral 2893839 37 5 Premium notes on policies in force 631690 21 6 Book value of bonds excluding interest 5185469699 stocks 285521000 54709936 99 7 Deposited in trust companies and banks on interest 7427701 03 8 Cash in companys office 10234833 deposited in bank not on interest 60876322 71111155 9 Bills receivable 2923 64 10 Total ledger assets 102377333 11 NONLEDGEB ASSETS 11 Interest due 3455755 and accrued 35009681 on mortgages 384654 36 12 Interest accrued on bonds and stocks 377091 24 13 Interest due 9312 and accrued 13 51472 on collateral loans 13607 84 14 Interest due 776617 and accrued 1 39091 on premium notes policy loans or liens 9157 08 15 Interest due on other assets 645 27 16 Rents due 282744 and accrued 12 23042 on companys property or lease 15057 86 800213 65 17 Total interest and rents due and accrued 19 Market value not including interest in item 12 of bonds and stocks over book value 1047188 26COMPTROLLERGENERALS REPORT 353 21 Gross premiums due and un New Busmes reported on policies in force December 31 1905 industrial 3534 20 Ordinary 68533 73 22 Gross deferred premiums on policies in force De cember 31 1905 ordinary 493079 40 23 Totals industrial Ordinary 3534 20 561613 13 Renewals 400261 99 779699 60 2 166031 16 40026 99 2945730 76 24 Deduct loading industrial 50 per cent 1767 10 200130 99 Ordinary 20 per cent 112322 63 589146 Jo 26 Net amount of uncollected and deferred premiums industrial 1767 10 200131 00 Ordinary 449290 50 2356584 61 1 3u07773 21 All other assets Furniture fixtures and safes 5000000 stationery and printed matter 1000000 law libra ries 659582 fl6 595 82 29 Gross assets i07299104 69 DEDUCT ASSETS WOT ADMITTED Supplies stationery printed matter 10 00000 furniture fixtures and safes 5000000 law libraries 659582 Bills receivable 32 35 Total 36 66595 82 2923 64 69519 46 Total admitted assets107 229 585 23 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany according to the actuaries table of mortality with four per cent inter est on policies issued prior to January 1 1901 and the American experience table of mortality with three per cent interest on policies issued subsequent to December 31 1900 83721153 00 2 Same for reversionary additions 158275 00 3 Same for annuities including those in reduction of premiums according to the actuaries table of mortality with four per cent interest on annuities is 23 i354 COMPTROLLERGENERALS REPORT sued prior to January 1 1901 and the American experience table of mortality with three and onehalf percent inter est on annuities issued subsequent to December 311900 4 Special reserve 598748 00 3920722 00 5 Total 8839889800 6 Deduct net value of risks of this company reinsured in other solvent companies 363119 00 7 Net reserve 8 Present value of amounts not yet due on supplementa ry contracts not involving life contingencies compu ted by the assumption of interest rates as follows On policies issued prior to 1901 four per cent on income policies three and onehalf per cent on all other policies three per cent 9 Liability on policies cancelled and not included in item 1 upon which a surrender value may be demanded Claims for death losses in process of ad justment or adjusted and not due1 Claims for death losses which have been reporteu and no proofs received 13 Claims for matured endowments due and unpaid 14 Claims for death losses and other policy claims resisted by the company 15 Due and unpaid on annuity claims involv ing life contingencies 88035779 00 10 12 288720 13 290410 06 1493 00 44545 67 250 00 16 Total policy claims 17 Due and unpaid on supplementary contracts not involv ing life contingencies IS Premiums paid in advance including surrender values so applied 21 Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued 25 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 26 Dividends apportioned payable to policyholders during 1906 28 Other liabilities Unearned interest on policy loans 9061732 rents paid in advance 37733 29 Capital stock 30 Unassigned funds surplus 232862 55 W2746 00 625418 86 200 0J 366859 02 151781 76 107131 31 1380000 00 99993 65 2000000 00 14045812 08 31 Total liabilities 107229585 23COMPTROLLERGENERALS REPORT 355 Business in Georgia during 1905 Policies on the lives of citizens of said State in force No Amount December 31st of previous year 4371 8833792 00 Policies on the lives of citizens of said State issued during the year 1115 2076428 00 Total 5486 10910220 00 Deduct ceased to be in force during the year 631 1120665 00 Policies in force December 31st4855 9789555 00 Losses and claims unpaid December 31st of previous year 2 2000 00 Losses and claims incurred during the year 47 99169 81 Total 49 10169 81 Losses and claims settled during the year in cash 45 87169 81 Losses and claims unpaid December 31st 4 14000 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 348197 88 PHILADELPHIA LIFE INSURANCE COMPANY OP PHILADELPHIA PENNSYLVANIA Andrew J Maloney President William H Hubbard Secretary Principal Office North American Building Broad Street below Chestnut Street William A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 300000 00 Extended at 300000 00 IIINCOME DURING YEAR Surplus 39131 07 IVASSETS AS PEB LEDGER ACCOUNTS 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 25000 00 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 62708 72 7 Cash in companys office 71422 35 8 Cash deposited in banks 180000 00 13 Total net or ledger assets 339131 07356 COMPTROLLERGENERALS REPORT PITTSBURG LIFE AND TRUST COMPANY OP PENNSYLVANIA W Howard Nimick President Jas H Mahan Secretary Principal Office Pittsburg Pennsylvania John 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 729374 24 Extended at IIINCOME DURING YEAR 1905 729374 24 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 1J Cash received for renewal premiums without deductions for commissions or other expenses 4J From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 101052 37 242707 86 527 96 Total 344288 19 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 249610 renewals 547269 7968 79 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 13 Cash received for rents for use of companys property 18 Profit on sale of ledger assets 19 From all other sources viz Reinsurance reserve Total income IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 10 Cash dividends paid policyholders 336319 40 10589 33 7312 35 2561 17 60SS 24 42373 78 12S 26 1877 86 407250 39 I 58219 15 5 65COMPTROLLERGENERALS REPORT 357 11 Disability claim 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities see item 4i income Total paid policyholders 79220 31 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 4989413 renewals 510404 col fee on sub ord prems 5185 45 total 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 23 Cash paid for insurance department fees and agents li censes 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 580224 printing 392026 postage 303210 28 Cash paid for real estate expenses other than taxes 11 88169 for legal expenses 207876 29 Cash paid for the following items viz Agency supervis ion and trav expenses 2319603 tel and telegr 73577 profit and loss 595126 interest 1435000 sundries 102736 total Total miscellaneous expenses 179583 14 30 Total disbursements IVASSETS AS PEK LEDGES 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 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 13 Total net or ledger assets OTHEB ASSETS 14 Interest due 40500 and accrued 237349 on mort gages 15 Interest accrued on bonds and stocks 17 Interest accrued on premiums notes loans or liens 19 Rents due on companys property or lease 10 00 20457 55 527 96 60183 62 363 71 8801 30 22516 C9 9218 75 6197 10 326 50 12754 00 13960 45 59220 87 258803 45 20 Market value of real estate over cost 428809 79 156000 00 29364 24 25395 03 201315 25 1438 29 19728 29 15770 37 877821 18 2778 49 1543 94 9636 86 742 71 5000 00 358 COMPTROLLEttGENERALS REPORT 23 Gross premiums due and unreported on policies in force December 31 1905 24 Gross deferred premiums on policies in force De cember 31 1905 New Business 13823 43 7250 90 Renewals 11971 44 19853 49 Totals 20074 33 31824 93 25 Deducting loading 50 per cent on new and 15 per cent on renewals 10537 17 4773 74 26 Net amount of uncollected and deferred premiums 10537 16 2705119 37588 35 27 Furniture fixtures and safes 1000000 net 70 per cent on sub ordinary premiums deferred and due and unre ported December 311905 1020323 total 20203 23 28 Total assets as per the books of the company 1000314 76 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 10000 00 15770 37 Total 25770 37 9 Total assets less items not admitted 974544 39 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with four per cent interest American 31 and 3 per cent Deduct net value of risks of this company reinsured in other solvent companies 567502 00 1563 00 Net reinsurance reserve 565939 00 3 Claims for death losses unpaid no proofs received 9000 00 13 Amount due on account of salaries rents and office ex penses 845 00 16 Amount of any other liability of the company viz Pre miums paid in advance 4495 20 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 580279 20 394265 19 19 Total liabilities 974544 39COMPTROLLERGENERALS REPORT 359 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia issued during the year 28 65000 00 Deduct number and amount which have ceased to be in force during the year 3 6500 00 Total number and amount of policies in force in Georgia December 31 1905 25 58500 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 1585 90 PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY NEW YORK N Y Timothy L Woodruff President John W Vrooman Secretary Principal Office 346 Broadway New York N Y J 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 7188429 38 Extended at 7188429 38 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 11 Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2J Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums see item 11 disbursements 41 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 5 Consideration for annuities other than matured installment policies 591389 66 2955330 36 9244 80 58301 57 37912 46 15898 80 959 00 Total 3669036 65360 COMPTROLLERGENERALS REPORT 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 59311 renewals 672497 7318 OS 7 Total premium income 3661718 57 8 Cash received for interest on mortgage loans 31439 01 9 Cash received for interest on bonds owned and dividends on stock 36741 42 10 Cash received for interest on premium notes loans or liens 137359 44 11 Cash received for interest on other debts due the com pany 5517 82 13 Cash received for rents for use of companys property in cluding 120000 for companys own occupancy 296463 75 14 Cash received for real estate 9648222 all other 3 94834 total 100430 56 17 Premium notes loans or liens restored by revival of pol icies 779 93 18 Consideration for supplementary contracts involving life contingencies 10241 40 19 From all other sources viz Comptroller State of New York 14433 47 Total income 4295125 37 IIIDISBURSEMENTS FOB THE YEAB 1905 1 Cash paid for death claims including re versionary additions 1275911 40 2 Premium notes loans or liens used in payment of the same 3002 28 3 Cash paid for matured endowments and additions thereto 20000 00 5 Cash paid for sums falling due during the year on installment policies 3400 00 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens voided by lapse 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities see item 41 income Total paid policyholders 1718661 72 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 33935457 renewals 19668436 annuities 3836 1302313 68 17230 96 15600 83 130141 80 37912 46 199563 19 15898 80 6916 00 536077 29COMPTROLLERGENERALS REPORT 361 18 Cash paid for salaries and allowances to managers and agents 113353 38 19 Cash paid for medical examiners fees 6708536 inspec tion of risks 1882344 85908 80 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 250887 77 21 Cash paid for taxes on new premiums 916890 on re newals 4420300 53371 90 23 Cash paid for insurance department fees and agents li censes 458967 municipal licenses 666275 11252 42 24 Cash paid for rent including 120000 companys occu pancy less 108583 received under sublease 72741 45 25 Cash paid for taxes on real estate 58276 17 26 Cash paid for furniture fixtures and safes for home and agency offices 6940 24 27 Cash paid for advertising 2579593 printing 25802 57 postage 2672654 78325 04 28 Cash paid for real estate expenses other than taxes 192 02399 for legal expenses 3240008 224424 07 29 Cash paid for the following items viz Loss on sale or maturity of ledger assets 10838062 agency supervis ion traveling expenses of officers and agents and all other expenses 16831769 total 276698 31 Total miscellaneous expenses 1775172 84 30 Total disbursements 3493834 56 IVASSETS AS PEK LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumbrances 2875382 91 2 Loans on mortgage first liens on real estate 549917 33 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 700 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2591313 95 5 Premium notes loans or liens on policies in force of which 924480 was received during the year 297870 92 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase 1023168 37 7 Cash in companys office 13113 51 8 Cash deposited in banks 361186 38 9 Bills receivable 883 84 10 Agents ledger balances 204306 41 Comptroller State of N Y 1016657 other items 11 71000 loans to agents secured 5000000 total 71876 57 11 Total net or ledger assets 7989720 19 12 Deduct depreciation from cost of assets to bring same to market value 19376 57 13 Total net or ledger assets less depreciation 7970343 62362 COMPTROLLERGENERALS REPORT OTHEB ASSETS 14 Interest due 561197 and accrued 553304 on mort gages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 397816 and accrued 6021025 on pre miums notes loans or liens 19 Rents accrued on companys property or lease 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 133246 00 230643 00 24 Gross deferred premiums on policies in force De cember 31 1905 3986100 258510 00 Totals 173107 00 489153 00 23 Deducting loading 55 per cent on new and 15 per cent on renewals 95209 00 73373 00 11145 01 13566 44 14 98 64188 41 3362 04 366246 60 13089 39 26 Net amount of uncollected and deferred premiums 77898 00 415780 00 493678 00 28 Total assets as per the books of the company 8935634 49 ITEMS NOT ADMITTED 2 Judgments 1458 00 5 Agents balances 204306 41 7 Bills receivable 883 84 8 Other items 11710 00 Total 218358 25 9 Total assets less items not admitted 8717276 24 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with four per cent interest and combined table at 3J per cent 8063000 00 Deduct net value of risks of this company reinsured in other solvent companies 8845 00 Net reinsurance reserve 8054155 00COMPTROLLERGENERALS REPORT 363 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 26607 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 123089 00 6 Claims for death losses and other policy claims resisted by the company 85239 40 8 Present value of unpaid amounts on ma tured installment policies 37258 40 9 Amount of trust funds held by the com pany and accrued interest 37333 34 Total policy claims 309527 14 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 2270 76 16 Amount of any other liability of the company viz Pre miums paid in advance 825500 interest paid in ad vance 1298120 surrender values not yet called for 1195900 total 33195 20 17 Liabilities on policyholders account 8399148 10 18 Unassigned funds to provide for all other contingencies 318128 14 19 Total liabilities 8717276 24 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1884 3629780 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 459 495092 00 Total 2343 4124872 00 Deduct number and amount which have ceased to be in force during the year 396 487019 00 Total number and amount of policies in force in Georgia December 31 1905 1947 3637853 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 3 8000 00 Amount of losses and claims on policies in Georgia incurred during the year 20 63000 00 Amount of losses and claims on policies in Georgia paid during the year 23 71000 00 Amount of premiums collected or secured in Georgia during the year in cash 11220487 notes or credits 681176 without any deduction for losses dividends commissions or other expenses total 119016 63364 COMPTROLLERGENERALS REPORT RELIANCE LIFE INSURANCE COMPANY PITTSBURG PA James H Reed President Grant Siverd Secretary Principal Office Farmers Bank Bldg Pittsburg Pa Richard H Milledoe 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 2004750 8S Extended at 2004750 88 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 178121 44 li Cash received for renewal premiums without deductions for commissions or other expenses 121532 98 3J From dividends applied to purchase paidup additions and annuities see item 12 disbursements 823 80 5 Consideration for annuities other than matured installment policies 611 50 Total 301089 72 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 101259 renewals 309955 4112 14 7 Total premium income 296977 58 8 Cash received for interest on mortgage loans 10339 48 9 Cash received for interest on bonds owned and dividends on stock 55892 53 10 Cash received for interest on premium notes loans or liens 166 80 11 Cash received for interest on other debts due the com pany 11363 61 Total income 374740 00 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 8 Cash paid to annuitants 34948 00 75 00COMPTROLLERGENERALS REPORT 365 19 20 10 Cash dividends paid policyholders 12 Cash dividends applied to purchase paidup additions and annuities see item 3i income Total paid policyholders 36222 13 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 12652269 renewals 464881 on original annuities 3058 18 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 1952260 inspec tion of risks 270550 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 li censes and municipal licenses 24 Cash paid for rent companys occupancy 25 Cash paid for commuting commissions 26 Cash paid for furnitureflxtures and safes for home and agency offices 27 Cash paid for advertising 795419 printing 963752 postage 190177 28 Cash paid for legal expenses 29 Cash paid for the following items viz Agency supervis ion 457566 loss on maturity of ledger assets 52498 express 49840 library 14430 telephone 57120 telegrams 23297 mortgage appraisements 500 pho tographic 36062 general expense 792341 prem discount 745 trust fund transferred to premium ac count 25376 total 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 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 Accounts receivable 10 Agents ledger balances 13 Total net or ledger assets 14 Interest due OTHER ASSETS 170000 and accrued 257021 on mort gages 15 Interest accrued on bonds and stocks 17 Interest accrued on premiums notes loans or liens 375 33 823 80 131202 08 20010 80 22228 10 37080 86 5840 98 16680 00 3074 87 922 38 19493 48 2047 50 15097 75 309900 93 294146 75 31728 00 4837 06 1477475 45 2482 05 169756 17 367 44 88797 03 2069589 95 4270 21 20780 31 1500 00 366 COMPTROLLEkGENERALS report New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 1136 69 15773 95 24 Gross deferred premiums on policies in force De cember 31 1905 4933 09 9532 29 Totals 6069 78 25306 24 25 Deducting loading 20 per cent 1213 96 5061 25 26 Net amount of uncollected and deferred premiums 4855 82 20244 99 25100 81 27 Furniture fixtures and safes 9478 69 28 Total assets as per the books of the company 2130719 97 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 9478 69 5 Agents balances 88797 03 7 Accounts receivable 367 44 Total 98643 16 9 Total assets less items not admitted 2032076 81 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the American table of mortality with three per cent interest Deduct net value of risks of this com pany reinsured in other solvent com panies 385763 00 2732 00 Net reinsurance reserve 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 383031 00 1000 00 10000 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 88197 commissions due agents on prem notes 36278 11000 00 2436 85 1244 75COMPTROLLERGENERALS REPORT 367 17 Capital stock 1000000 00 18 Unassigned funds 634364 21 19 Total liabilities 2032076 81 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 185 283500 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 382 464610 00 Total 567 748110 00 Deduct number and amount which have ceased to be in force during the year 73 118810 00 Total number and amount of policies in force in Georgia December 31 1905 494 629300 00 Amount of losses and claims on policies in Georgia incurred during the year 5 15000 00 Amount of losses and claims on policies in Georgia paid during the year Cash 780000 compro mise 720000 5 1500 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 24288 53 RESERVE LOAN LIFE INSURANCE CO INDIANAPOLIS IND Chalmers Brow President Wm K Bellis Secretary Principal Office 300 to 310 Saks Building Indianapolis Wm A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 768119 03 Extendedat 768119 03 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 809629 05 li Cash received for renewal premiums without deduc tions for commissions or other expenses 237856 75 7 Total premium income 1047485 80368 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 19 Prom all other sources viz Loan expense 6270 div surplus 38000 understatement of agents 10391 Total income 1107992 71 7576 96 279 00 51459 34 645 00 546 61 IIIDISBURSEMENTS EOB THE YEAR 1905 1 Cash for death claims including reversionary additions 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 209130 79 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 11201448 renewals 336433 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 of ficers and other home office employees 21 Cash paid for taxes on new premiums 23 Cash paid for insurance department fees and agents li censes 24 Cash paid for rent companys occupancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 331778 printing 491730 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage 3744 40 general expenses 158666 loan expense 3460 collections and exchange 17607 suspense account 9603 Total miscellaneous expenses 5637 76 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 254230 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral lM0616 60 21747 50 1117 75 8465 74 12266 40 165533 40 115378 81 27431 60 7260 55 31443 75 214 00 1295 52 2966 66 2093 10 8235 08 4582 75 5637 76 415670 37COMPTROLLERGENERALS REPORT 369 5 Premium notes loans or liens on policies in force of which 867996 was received during the year 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances of which 328260 was advanced during the year 21182 19 29908 00 760 75 36354 52 7389 31 11 Total net or ledger assets 1460441 37 12 Deduct depreciation from cost of assets to bring same to market value 316 50 13 Total net or ledger assets less depreciation 1460124 87 OTHEB ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 17 Interest due on premiums notes loans or liens 18 Interest accrued on other assets 1452 67 292 78 4831 03 381 81 23 Gross premiums due and unreported on policies in force December 31 1905 24 Gross deferred premiums on policies in force De cember 31 1905 New Business 29916 84 Renewals 11844 23 10099 40 Totals 29916 84 21943 63 25 Deducting loading 60 per cent on new and 20 per cent on renewals 17950 10 4388 73 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 11966 74 17554 90 29521 64 4000 00 28 Total assets as per the books of the company 1500604 80 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 4000 00 5 Agents balances 7389 31 8 Premium notes and interest due No 17 above and net premiums in item 26 in excess of the net value of their policies 17340 9 Total 28730 30 9 Total assets less items not admitted 1471874 50 24 in370 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1905computed according to the actuaries table of mortality with 4 per cent in terest and American 31 per cent 1356616 00 13 Amount due on account of salaries rents and office ex 1690 26 Com 16 penses Amount of any other liability of the company viz missions due agents on premium notes when paid 169 41 17 Liabilities on policyholders account l3847o 67 18 Gross surplus on policyholders account 113398 So 19 Total liabilities 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of poli cies 21 Estimated surplus accrued on all other policies 1471874 50 1660 00 111738 83 Business in Georgia during 1905 No Number and amount of policies on the lives of citi zens of Georgia issued during the year 43 Amount of premiums collected or secured in Georgia during the year in cash 425022 and notes or credits 1712763 without any deduction for losses dividends commissions or other expenses Amount 12900 00 21377 85 SECURITY LIFE AND ANNUITY COMPANY OF NORTH CAROLINA J Van Lindley President Geo A Grimsley Secretary Principal Office 119 South Elm Street Greensboro N C Thomas A Haugiiton Macon Attorney for Service in Georgia ICAPITAL stock Amount of guaranty capi tal stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year Extended at 95892 43 nincome during year 1905 195892 43 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 119931 21COMPTROLLERGENERALS REPORT 371 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 poli cies 2J Premium notes loans or liens taken in part payment for renewal premiums 5 Consideration for annuities other than matured installment policies 83137 68 1141 81 448 14 12955 00 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 216947 41 475 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 13 Cash for rents companys occupancy Total income HIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 8 Cash paid to annuitants 13 Surrender values paid in cash Total paid policyholders 45251 92 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7129922 renewals 254954 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 and renewals 24 Cash paid for rent including 47000 for companys occu pancy 27 Cash paid for advertising and printing 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage 81575 general expense 219806 total Total miscellaneous expenses 3013 81 30 Total disbursements 216472 03 2209 33 98 00 2372 02 816 28 470 00 f 222437 66 35987 31 8615 00 649 61 73848 76 250 00 12785 00 9469 44 1051 41 875 00 3906 85 531 20 3013 81 150983 39372 COMPTROLLERGENERALS REPORT IVASSETS AS PEE LEDGER ACCOUNTS 1 Cost value of real estate exclusive ot 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 made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 8 Cash deposited in banks 10 Agents ledger balances Guaranty capital Furniture and fixtures OTIIEB ASSETS 14 Interest accrued on mortgages 16 Interest accrued on collateral loans 17 Interest accrued on premiums notes loans or liens 20 Market value of real estate over cost 23 Gross premiums due and unreported on policies in force December 31 1905 4203 24 24 Gross deferred premiums on policies in force December 31 1905 2122 62 Total 25 Deducting loading 15 per cent 6325 86 948 88 26 Net amount of uncollected and deferred premiums 28 Total assets as per the books of the company 15324 29 42000 00 25250 00 1338 13 41212 36 2165 00 36330 40 2557 88 100000 00 1168 64 13 Total net or ledger assetsI 267346 70 460 65 270 41 293 84 4675 71 5376 98 278424 29 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 1168 64 2557 88 Total 9 Total assets less items not admitted 3726 52 274697 77 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1905 computed according to the actuaries table of mortality with 4 per cent in terest 72004 00COMPTROLLERGENERALS REPORT 373 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 7 Amounts due and unpaid on annuity claims present val ues annuities certain 9 Amount of trust funds held by the company present val ues contingent annuities 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 1141 81 26033 00 67246 00 166424 81 108272 96 274697 77 SECURITY TRUST AND LIFE INSURANCE COMPANY PHILADELPHIA PA Thomas Bradley President I C Garvebick Secretary Principal Office Security Trust and Life Building New York City Home Office 1011 Chestnut Street Philadelphia Pa Aabon 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 2149970 88 Error in real estate account 500 00 Extended at I 2150470 88 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 194794 9o 1J Cash received for renewal premiums without deductions for commissions or other expenses 697516 91 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 1488 85 2i Premium notes loans or liens taken in part payment for renewal premiums 56313 34 3 From dividends applied to pay running premiums see item 11 disbursements 1505 83374 COMPTROLLERGENERALS REPORT 41 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 8702 00 5 Consideration for annuities other than matured installment policies 36 50 Total 960358 39 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 326720 renewals f 193460 5201 80 7 Total premium income 955156 59 8 Cash received for interest on mortgage loans 5951 37 9 Cash received for interest on bonds owned and dividends on stock 16369 25 10 Cash received for interest on premium notes loans or liens 14327 80 11 Cash received for interest on other debts due the com pany 3829 74 13 Cash received for rents for use of companys property in cluding 1800000 for companys own occupancy 198970 47 14 Cash received for profits on sales of bonds or stocks 2 76547 real estate 80000 all other 16377 3729 24 17 Premium notes loans or liens restored by revival of poli cies S30 67 19 From all other sources viz Consideration for supple mentary contracts not involving life contingencies 11025 00 Total income 1210190 13 IIIDISBURSEMENTS FOB THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 2 Premium notes loans or liens used in payment of the same 3 Cash paid for matured endowments and additions there to 5 Cash paid for sums falling due during the year on install ment policies 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 35088 voided by lapse 657291 10 Cash dividends paid policyholders 10J Health and accident insurance claims 11 Cash dividends applied to pay running premiums see item 3 income 111 Premiums returned to policyholders 13 Surrender values paid in cash 346635 59 3440 60 5151 00 3435 00 342 00 6923 79 602 68 6174 45 1505 83 1910 00 52743 42 COMPTROLLERGENERALS REPORT 15 Surrender values applied to purchase paidup insurance and annuities see item 4J income Total paid policyholders 437566 36 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 15069366 renewals 4064274 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 742600 inspec tion of risks 550418 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 capital 23 Cash paid for insurance department fees and agents li censes 673434 municipal licenses 68708 24 Cash paid for rent including 1800000 companys occu pancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 811706 printing 665574 postage 283523 28 Cash paid for real estate expenses other than taxes 44 87091 for legal expenses 673637 29 Cash paid for the following items viz Tax on real estate 2804121 loss on sale of ledger assets 1109 97 profit and loss protested checks agents balances etc 2085921 interest payments 6670733 expense account 627099 expressage 83974 Total miscellaneous expenses 504090 52 375 8702 00 191336 40 9113 84 12930 18 50887 36 15775 96 500 00 7421 42 22433 10 648 50 17608 03 51607 28 123828 45 30 Total disbursements 941656 88 IVASSETS AS PEB LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1372500 00 2 Loans on mortgage first Hens on real estate 167185 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 1000 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 220102 58 5 Premium notes loans or liens on policies in force 70128 33 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 379110 27 870 55 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances of which 955894 was advanced u Agent s 56187 90 during the year376 COMPTROLLERGENERALS REPORT Companys stock 2875000 suspense account 12050 Grable contract 276874 City Trust Safe Deposit and Surety Co 68036 contingent reversion 570000 38010 60 13 Total net or ledger assets 2419004 13 OTHEB ASSETS 14 Interest due 150000 and accrued 193009 on mort gages 3430 09 15 Interest accrued on bonds and stocks 2415 38 16 Interest due and accrued on collateral loans 1 25 17 Interest accrued on premiums notes loans or liens 8485 34 18 Interest due and accrued on other assets 112 22 19 Rents due and accrued on companys property or lease 6323 33 20 Market value of real estate over cost 247500 00 21 Market value of bonds and stocks over cost 82S5 13 23 Gross premiums due and unreported on policies in force December 31 1905 24 Gross deferred premiums on policies in force De cember 31 1905 Totals 25 Deducting loading 15 per cent New Business 7282 49 Renewals 41127 71 91173 16 7282 49 132300 87 1092 38 19845 13 26 Net amount of uncollected and deferred premiums 27 Cash in transit 6190 11 112455 74 28 Total assets as per the books of the company ITEMS NOT ADMITTED 1 Companys stock owned 7 Suspense account 8 Grable contract 28750 00 120 50 2768 74 118645 85 3666 60 2817869 32 Total 31639 24 9 Total assets less items not admitted 27S6230 08 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the American table of mortality with 3 per cent interest Deduct net value of risks of this company reinsured in other solvent companies 2274738 00 753 00 Net reinsurance reserve 2270985 09COMPTROLLERGENERALS REPORT 377 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 53839 49 6 Claims for death losses and other policy claims resisted by the company 4610 96 8 Present value of unpaid amounts on ma tured installment policies face 48 21000 36304 00 Total policy claims 14 Amount due by the company for borrowed money includ ing interest due or accrued 16 Amount of any other liability of the company viz Pre miums paid in advance 599705 commissions due agents on premium notes when paid 110000 94754 45 9958 33 7097 05 17 Liabilities on policyholderss account 18 Gross surplus on policyholders account 2382794 S3 403435 25 19 Total liabilities 2786230 08 Business in Georgia during 1905 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 No 334 9 Total Deduct number and amount which have ceased to be in force during the year 343 61 Total number and amount of policies in force in Georgia December 31 1905 282 Amount 537972 00 13626 00 551598 00 105524 00 446074 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year Amount of losses and claims on policies in Georgia incurred during the year 1 9 1950 00 21391 49 Total 10 Amount of losses and claims on policies in Georgia paid during the year c 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 23341 49 9316 49 16632 59378 COMPTROLLERGENERALS REPORT SECURITY LIFE AND ANNUITY COMPANY OP VIRGINIA W 0 Johnson President Henry C Brown Secretary Principal Office Majestic Building Chicago 111 Wm A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 165550 00 Amount of net or ledger assets December 31 of previous year Increase of capital during 1905 387110 28 10550 00 Extended at 397660 28 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 156177 46 Is Cash received for renewal premiums without deductions for commissions or other expenses 194990 45 5 Consideration for annuities other than matured installment policies 6000 00 7 Total premium income 357167 91 9 Cash received for interest on bonds owned and dividends on stock 7438 80 10 Cash received for interest on premium notes loans or liens 4817 94 11 Cash received for interest on other debts due the com pany 1445 69 12 Health premiums 1508 12 16 Premiums paid in advance 938 00 17 Stock options 969 00 18 Munich reinsurance fund 514 12 19 Prom all other sources viz Sale of stock above par 11540 00 Total income 386339 58 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 20441 67 8 Cash paid to annuitants 297 12 9 Premium notes loans or liens used in purchase of sur rendered policies voided by lapse 2506 64COMPTROLLERGENERALS REPORT 13 Surrender values paid in cash Total paid policyholders 46218 94 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 9180073 renewals 2460692 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 23 Cash paid for insurance department fees and agents li censes 24 Cash paid for rent including 372000 companys occu pancy 25 Health indemnities 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 240911 printing and sta tionery 739773 postage 160872 28 Cash paid for legal expenses 29 Cash paid for the following items viz Loss on sale or maturity of ledger assets 876873 agency supervision traveling and all other agency expenses 761328 9 10 IVASSETS AS PER LEDGEK 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 Premium notes loans or liens on policies in force Cost value of bonds and stocks owned excluding accrued interest at time of purchase Cash in companys office 74265 deposit in bank not on interest 1355555 Cash deposited in banks Bills receivable Agents ledger balances advanced during the year Advance dividend loans 379 22973 51 16407 65 8034 69 7672 63 35358 23 10181 32 6373 78 450 00 2620 48 11415 56 4722 50 16382 01 30 Total disbursements 265837 79 14950 00 1650 60 3636 40 3650 43 222130 56 14298 20 51185 50 200 00 24182 45 182277 93 13 Total net or ledger assets 518162 07 OTHEB ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest accrued on premiums notes loans or liens 18 Interest accrued on bank deposits 368 72 1746 60 24 00 3 61 221 10380 COMPTROLLERGENERALS REPORT Reewals 23 Gross premiums due and unreported on policies in force December 31 1905 25983 77 24 Gross deferred premiums on policies in force December 31 1905 18632 17 Total 25 Deducting loading 25 per cent 44615 94 13142 79 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 400000 postage paid 16500 28 Total assets as per the books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and safes 4 Book value of ledger assets over market value 5 Agents balances 6 Advance dividend loans not secured by re serve 7 Bills receivable 4000 00 2390 56 24182 45 6939 60 200 00 Total 31473 15 4165 00 556164 25 37712 61 9 Total assets less items not admitted 518451 64 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with 4 per cent interest on old forms American ex perience 3 per cent 346899 00 Deduct net value of risks of this company reinsured in other solvent companies 3291 00 Net reinsurance reserve 345608 00 11 Commissions on interstate advisory board contract esti mated 2703 00 12 Health indemnity losses unpaid 40 00 13 Amount due on account of salaries rents and office ex penses 348 37 14 Reinsurance due and unpaid 1S4 35 15 Munich reinsurance fund 514 12 16 Amount of any other liability of the company viz Pre miums paid in advance 938 00 Capital stock 16555000 unassigned fund surplus 456580 170115 80 19 Total liabilities 518451 64COMPTROLLERGENERALS REPORT 381 SECURITY MUTUAL LIFE INSURANCE COMPANY OP NEW YORK C M Turner President C A LaDue Registrar Principal Office Binghamton N Y Wm A Weight Atlanta Attorney for Service in Georgia lCAPITAL STOCK Amount of net or ledger assets December 31 of previous year 3138252 76 Extended at 3138252 76 IIINCOME DURING YEAR 1905 I Cash received for premiums on new poli cies without deductions for commissions or other expenses II Cash received for renewal premiums without deductions for commissions or other expenses 1227079 05 3 From dividends applied to pay running premiums see item 11 disbursements 4 From surrender values applied to pay run ning premiums see item 14 disburse ments 41 From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 406506 27 7388 97 113 38 1175 62 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 13 Cash received for rents for use of companys property in cluding 625000 for companys own occupancy 14 Cash received for profits on sales of real estate 17 Premium notes loans or liens restored by revival of poli 18 Consideration for supplementary contracts not involving life contingencies 19 From all other sources viz Registration fees 273900 exchange fees 43568 Total income 1642263 29 14220 60 21117 29 81568 39 5762 05 14764 85 67 75 602 86 5140 00 3174 68 1788681 76382 COMPTROLLERGENERALS REPORT 11 13 14 HIDISBURSEMENTS FOB THE TEAR 1905 1 Cash paid for death claims including reversionary addi tions 8 Cash paid for annuities 9 Premium notes loans or liens voided by lapse 10 Paid for claims on supplementary contracts not involving life contingencies 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 15 Surrender values applied to purchase paidup insurance and annuities see item 4i income Total paid policyholders 521513 48 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance new policies 30150315 renewals 5899123 18 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 4509500 inspec tion of risks 1394871 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 real estate 23 Cash paid for insurance department fees and agents li censes Cash paid for rent including 625000 companys occu pancy Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 1058462 printing 10185 31 postage 810232 28 Cash paid for real estate expenses other than taxes 9 49900 for legal expenses 597474 29 Cash paid for the following items viz General office ex penses 1043139 collections 2973737 inves 479131 premiums on bonds 133026 accrued interest paid 209037 loan notes lapsed 2280718 agents accounts charged off 1301258 profit and loss miscellaneous 20688 19 2d 24 26 481506 43 542 83 3243 60 700 00 7388 97 26842 63 113 38 1175 G2 360494 3S 146603 16 59043 71 74953 46 21234 84 1685 20 8954 16 17900 35 2864 63 28872 25 15473 74 84407 34 30 Total disbursements X 344 000 70 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 649526 35 289225 00COMPTROLLERGENERALS REPORT 383 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1542413 96 5 Premium notes loans or liens on policies in force of which 107464 was received during the year 23712 65 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 743083 00 7 Cash in companys office 90206 Atlanta Ga office 100000 1902 06 8 Cash deposited in banks 197955 23 10 Agents ledger balances 135115 57 13 Total net or ledger assets 3582 933 82 OTHEB ASSETS 14 Interest due 67750 and accrued 564658 on mortgages 6324 08 15 Interest accrued on bonds and stocks 5580 00 17 Interest accrued on premiums notes loans or liens 41126 15 18 Interest accrued on other assets 257 00 20 Market value of real estate over cost 63934 19 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 2879 38 103164 45 24 Gross deferred premiums on policies in force De cember 31 1905 15156 33 103111 07 Totals 18035 71 206275 52 25 Deducting loading 20 per cent on new and 20 per cent on renewals 3607 14 41255 10 26 Net amount of uncollected and deferred premiums 14428 57 165020 42 179448 99 28 Total assets as per the books of the company 3879604 23 ITEMS SOT ADMITTED 3 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies 82482 20 5 Agents balances 135115 57 7 Book value of ledger assets over market value bonds 24168 00 Total 241765 77 9 Total assets less items not admitted 3637838 46384 comptrollergenerals report VLIABILITIES 1 Net value of all the outstanding policies in force on the 31st day of December 1905 computed according to the actua ries and American tables of mortality with 4 31 and 3 per cent interest 2923723 00 Annuities 2267 00 Net reinsurance reserve 2925990 00 3 Claims for death losses reported and no proofs received 27209 74 5 Claims for death losses in process of ad justment 8000 00 G Claims for death losses and other policy claims resisted by the company 5000 00 8 Present value of unpaid amounts on ma tured installment policies 54096 00 Total policy claims 94305 74 13 Amount due on account of salaries rents and office ex penses 22846 81 16 Amount of any other liability of the company viz Pre miums paid in advance 977700 building account 6393419 73711 19 18 Gross surplus on policyholders account 520984 72 19 Total liabilities 3637838 46 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1552 2725306 50 Number and amount of policies on the lives of citi zens of Georgia issued during the year 221 327009 38 Total 1773 3052315 88 Deduct number and amount which have ceased to be in force during the year 258 366835 24 Total number and amount of policies in force in Georgia December 31 1905 1515 2685480 64 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 8449 00 Amount of losses and claims on policies in Georgia incurred during the year 13 20150 81 Total 15 28599 81 Amount of losses and claims on policies in Georgia paid during the year 14 2329981 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 65997 83COMPTROLLERGENERALS REPORT 385 SOUTHERN LIFE INSURANCE COMPANY OP NORTH CAROLINA E H Williamson President John A Oates Secretary Home Office Fayetteville N C ICAPITAL STOCK 1 Amount of capital paid up in cash Extended at 101250 00 101250 00 IIINCOME As shown by the books at home office at close of business December 31 1905 1 First years premiums without deduction for commis sions or other expenses 9 703 01 18 Interest on mortgage loans 1 524 38 22 Interest on debts due the company 584 46 28 Total income 11811 85 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 1286 52 17 Salaries and allowances for agencies including man agers agents and clerks 1447 33 18 Agency supervision traveling and all other expenses 925 12 19 Medical examiners fees 1354 00 20 Salaries and all other compensation of officers and home office employees 871 61 21 Rent companys own occupancy 27 10 22 Advertising 16943 printing and stationery 7975 postage 10923 358 41 23 Legal expenses 164 35 24 Furniture fixtures and safes 170 50 25 Insurance taxes licenses and department fees 266 00 29 All other disbursements viz Office expense 272 26 30 Total disbursements 7143 20 IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 2 Mortgage loans on real estate first liens 37750 12 5 Premium notes on policies in force first years premiums 3738 84 7 Deposited in trust companies and banks on interest 16400 00 8 Deposited in banks not on interest 47159 04 25 inft 386 COMPTROLLERGENERALS REPORT 9 Agents balances 870 65 Furniture fixtures and safes 28050 supplies station ery and printed matter 119500 1475 50 10 Total ledger assets 107394 15 NOKLEDGEB ASSETS 11 Interest accrued on mortgages 26 08 14 Interest accrued on premium notes policy loans or liens 2 45 17 Total interest and rents accrued 22 Gross deferred premiums on policies in force December 31 1905 24 Deduct loading New Business 231 93 163 43 25 Net amount of uncollected and deferred premiums DEDUCT ASSETS XOT ADMITTED 29 Supplies stationery printed matter 1 19500 furniture fixtures and safes 28050 30 Agents debit balances 1475 50 870 65 35 Total 28 53 68 50 27 Gross assets 107491 18 2346 15 36 Total admitted assets 105145 03 VLIABILITIES As shown by the books at home office at close of business December 31 1905 1 Net present value of all the outstanding policies in force on the 31st day of December 1905 as computed by the company on the American experience table of mortal ity with 4 per cent interest 2975 52 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 520 00 23 Capital stock 101250 00 24 Unassigned funds surplus 399 51 25 Total liabilities 105145 03COMPTROLLERGENERALS REPORT 387 STATE MUTUAL LIFE INSURANCE COMPANY OP GEORGIA C R Porter President A C Wadsworth Secretary Principal Office Rome Ga Dean Dean Rome Attorneys for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 264856 39 Extended at 264856 39 IIINCOME DURING YEAK 1905 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 78932 80 li Cash received for renewal premiums without deductions for commisions or other expenses 94299 26 7 Total premium income 173232 06 8 Cash received for interest on mortgage loans 771 92 9 Cash received for interest on bonds owned and dividends on stock 4142 30 10 Cash received for interest on premium notes loans or liens 2235 66 11 Cash received for interest on other debts due the com pany 2829 39 12 Cash received as discount on claims paid in advance 2609 42 13 Cash received for rents for use of companys property in cluding 149932 for companys own occupancy 1037 16 18 Money borrowed 10000 00 19 From all other sources viz Advanced reserve 65315 00 Total income 262172 91 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 21486 00 9 Premium notes loans or liens used in purchase of sur rendered policies 4800 90 11 Cash dividends applied to pay running premiums see item 3 income 5046 19 Total paid policyholders 31333 09 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 5322718 renewals 1103559 64262 77 18 Cash paid for salaries and allowances to managers and agents including traveling expenses 19145 17 19 Cash paid for medical examiners fees 4249 50COMPTROLLERGENERALS REPORT 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 21 Cash paid for taxes on new premiums and reserves 23 Cash paid for insurance department fees and agents li censes 104775 municipal licenses 15562 24 Cash paid for rent including 149932 companys occu pancy 27 Cash paid for advertising 204579 printing 473665 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage 68096 office exp 175525 exp acct 94446 fire insurance 26426 total Total miscellaneous expenses 117329 20 30 Total disbursements lVASSETS AS PEE LEDGES 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 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 52690 93 furniture acct 3 370 07 13 Total net or ledger assets3 11887 87 1175 85 1203 37 2568 46 6782 42 2408 76 3644 93 148662 29 24831 32 27095 00 47623 27 9531 62 123653 78 12962 23 26969 12 49639 67 56061 00 378367 01 OTIIKB ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 17 Interest due 16634 and accrued 3693 on premiums notes loans or liens IS Interest due 8186 and accrued 19632 on other assets Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 24 Gross deferred premiums on policies in force De cember 31 1905 25 Deducting loading 20 Xet amount of uncollected and deferred premiums 1005 70 100 00 203 27 278 18 Renewals 16515 25 1303 05 15212 20 28 Total assets as per the books of the company 1587 15 2500 00 4416 22 15212 20 402082 58COMPTROLLERGENERALS REPORT 389 ITEMS JTOT ADMITTED 2 Furniture fixtures and safes 3370 07 5 Agents balances 52690 93 6 Loans on personal security indorsed or or not and bills receivable 49639 67 Total 9 Total assets less items not admitted 105700 67 296381 91 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1905 computed according to the American table of mortality with 3 and 3J per cent interest 5 Claims for death losses and matured endowments in pro cess of adjustment or adjusted and not due 12 Amount of national State or other taxes due 13 Amount due on account of salaries rents and office ex penses 14 Amount due by the company for borrowed money 16 Amount of any other liability of the company viz Pre miums paid in advance 161427 00 1000 00 795 82 2643 25 10000 00 795 49 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 176661 56 119720 35 296381 91 Business in Georgia during 1905 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year No 533 Number and amount of policies on the lives of citi zens of Georgia issued during the year 405 Total Deduct number and amount which have ceased to be in force during the year 222 Total number and amount of policies in force in Georgia December 31 716 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 expensesl Amount 1214500 00 815500 00 2030000 00 461000 00 1569000 00 84359 73390 COMPTROLLERGENERALS 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 Wkicht Atlanta Attorney for Service in Georgia Icapital stock Amount of net or ledger assets December 31 of previous year 23727482 24 Extended at 23727482 24 IIINCOME DUBIKG YEAR 1905 I Cash received for premiums on new poli cies without deductions for commis sions or other expenses 566187 03 II Cash received for renewal premiums without deductions for commissions or other expenses 3263944 98 3 From dividends applied to pay running premiums see item 11 disbursements 371410 06 3J From dividends applied to purchase paidup additions and annuities see item 12 disbursements 119757 59 5 Consideration for annuities other than matured installment policies 33415 88 Total 4354715 54 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1282960 renewals 5751899 70348 59 10 11 7 Total premium income 4284366 95 8 Cash received for interest on mortgage loans 160487 32 9 Cash received for interest on bonds owned and dividends on stock 699513 33 Cash received for interest on premium notes policy loans or liens 1146S2 17 Cash received for interest on other debts due the com pany 56416 92 12 Cash received as discount on claims paid in advance 1067 96 13 Cash received for rents for use of companys property in cluding 2000000 for companys own occupancy 124676 98 14 Cash received for profits on sales of bonds or stocks 34 50220 real estate 666139 all other 1411346 55277 05 16 From dividends and surrender values on reinsurances 1711 47 19 From all other sources viz Supplementary contracts not involving life contingencies 24244 58 Total income 5522444 73COMPTROLLERGENERALS REPORT 391 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including re versionary additions 1298744 00 2 Premium notes loans or liens used in payment of the same 31 80 3 Cash paid for matured endowments and additions thereto 428136 00 4 Premium notes loans or liens used in the payment of same 2479 76 5 Cash paid for sums falling due during the year on installment policies 2473 23 Total 1731864 79 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 45000 00 9 10 11 12 13 17 18 19 20 21 22 23 24 25 26 27 Total net amount actually paid for losses and matured en dowments 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 r Cash dividends applied to purchase paidup additions and annuities see item 3J income Surrender values paid in cash Total paid policyholders 2728373 53 Cash paid for commissions to agents less commission on reinsurance new policies 26806012 renewals 216 37055 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 3724250 inspec tion of risks 1211065 Cash paid for salaries and all other compensation of of ficers and other home office employees Cash paid for taxes on new premiums 594723 on re newals 3249641 Cash paid for taxes on reserves 2499897 on invest ments 2156835 Cash paid for insurance department fees and agents li censes 579388 municipal licenses 141633t Cash paid for rent including 2000000 companys occu pancy Cash paid for commuting commissions Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 791147 printing 1713926 1686864 79 1199 48 1650 00 22647 18 371410 06 119757 59 524844 43 4S4430 67 73201 47 49353 15 77061 33 38443 64 46567 32 7210 21 51111 02 24679 29 4055 67 25050 73392 COMPTROLLERGENERALS REPORT 28 Cash paid for real estate expenses other than taxes 31 36362 for legal expenses 277543 34139 05 29 Cash paid for the following items viz Agency supervis ion and traveling expenses 1460347 premium on stocks and bonds 2879488 postage 782497 profit and loss 1197573 sundries 1257799 total 75776 64 Total miscellaneous expenses 991080 19 30 Total disbursements 3719 45 53 72 IVASSETS AS PEE LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1703426 00 2 Loans on mortgage first liens on real estate 3663602 00 3 Loans secured by pledge of bonds stocks or other mar ketable collateral 723325 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1894949 00 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 16796066 00 7 Cash in companys office 2647 76 8 Cash deposited in banks 492480 49 10 Loans to corporations 253977 00 13 Total net or ledger assets 25530473 25 OTHEB ASSETS 14 Interest due 284525 and accrued 43 39975 on mortgages 15 Interest accrued on bonds and stocks 16 Interest due 14000 and accrued 6729 09 on collateral loans 17 Interest due 331763 and accrued 25 59914 on premiums notes loans or liens 18 Interest accrued on other assets 19 Rents due 52628 and accrued 7641 74 on companys property or lease 46245 00 197542 59 6869 09 28916 77 1674 97 8168 02 Total carried out 21 Market value of bonds and stocks over cost New Business 23 Gross premiums due and unreported on policies in force December 31 1905 43313 53 24 Gross deferred premiums on policies in force De cember 31 1905 55956 75 Totals Renewals 244543 81 337384 49 99270 28 5S1928 30 289416 44 96229S 00 COMPTROLLERGENERALS REPORT H93 25 Deducting loading 23J per cent on new and 23i per cent on renewals 23328 52 136753 15 26 Net amount of uncollected and deferred premiums 75941 76 445175 15 521116 91 28 Total assets as per the books of the company 27303304 60 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with 4 per cent interest and American table of mortality with di per cent interest 24312603 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 166746 00 Net reinsurance reserve 24145857 00 4 Claims for matured endowments due and unpaid 1000 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 157360 00 6 Claims for death losses and other policy claims resisted by the company 5500 00 8 Present value of unpaid amounts on ma tured installment policies face 126 04300 71883 00 Total policy claims 235743 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders viz Dividends of 19020304 and 1905 left with company with accumu lations 95078 00 1G Amount of any other liability of the company viz Pre miums paid in advance 5653000 dividends appor tioned and not yet due 12042000 extra reserve on annuities 591200 182844 00 17 Liabilities on policyholders account 24659522 00 18 Gross surplus on policyholders account 2643782 39 19 Total liabilities 27303304 39 21 Estimated surplus accrued on all other policies 2643782 39394 COMPTROLLERGENERALS REPORT Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 350 633652 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 169 300020 00 Total 519 933672 00 Deduct number and amount which have ceased to be in force during the year 82 128882 00 Total number and amount of policies in force in Georgia December 31 1905 437 804790 00 Amount of losses and claims on policies in Georgia incurred during the year 6 5230 30 Amount of losses and claims on policies in Georgia paid during the year 6 5230 30 Amount of premiums collected in Georgia during the year in cash without any deduction for losses dividends commis sions or other expenses 28176 66 STATE LIFE INSURANCE COMPANY INDIANAPOLIS IND Andrew M Sweeney President Wilbur S Wvxx Secretary Principal Office State Life Building Indianapolis Ind Hon Wii A Wright Atlanta Attorney for Service in Georgia ICAPITA STOCK Amount of net or ledger assets December 31 of previous year 2877019 74 Extended at 2S77019 74 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 962585 24 1J Cash received for renewal premiums without deductions for commissions or other expenses 1471403 68 3 From dividends applied to pay running premiums see item 11 disbursements 64137 29 3i From dividends applied to purchase paidup additions annuities and ex changes see item 12 disbursements 8612 25COMPTROLLERGENERALS REPORT 395 4 From surrender values applied to pay first year premiums see item 14 dis bursements 2923 89 4J From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 18023 64 5 Consideration for annuities other than matured installment policies 130 00 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 4295 72 renewals 216317 6458 2527815 99 7 Total premium income 2521357 10 8 Cash received for interest on mortgage loans 58461 10 9 Cash received for interest on bonds owned and dividends on stock 1620 33 10 Cash received for interest on premium notes loans or liens 4857107 11 Cash received for interest on other debts due the com pany 194736 13 Cash received for rents for use of companys property in cluding 1134600 for companys own occupancy 95568 49 19 From all other sources viz Consideration for supple mentary contracts 13125 partial payments on voided notes 225276 interest reserve 160 total 2385 61 Total income 2729911 06 IIIDISBURSEMENTS FOB THE YEAB 1905 1 Cash paid for death claims including re versionary additions 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 393844 42 10000 00 7 Total net amount actually paid for losses and matured en dowments 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 an nuities and exchanges see item 3i income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income 383844 42 37072 75 3581 89 64137 29 8612 25 118398 12 2923 89396 COMPTROLLERGENERALS REPORT 15 Surrender values applied to purchase paidup insurance and annuities see item 41 income 18023 64 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 55990310 renewals 13626454 696167 64 18 Cash paid for salaries and allowances to managers and agents 36501 08 19 Cash paid for medical examiners fees 3500540 inspec tion of risks 1008319 45088 59 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 133346 37 21 Cash paid for taxes on new premiums and renewals 31738 15 22 Cash paid on investments 2279 96 23 Cash paid for insurance department fees and agents li censes 755611 municipal licenses 284131 10397 42 24 Cash paid for rent including 1134600 companys occu pancy 22030 54 26 Cash paid for furniture fixtures and safes for home and agency offices 6579 40 27 Cash paid for advertising 677621 printing 1947202 postage 793819 34186 42 28 Cash paid for real estate expenses other than taxes 39 11593 for legal expenses 2151280 60628 73 29 Cash paid for the following items viz Traveling ex penses 2810353 loss on sale of securities 7565 in vestment expense 3025 miscellaneous expense 6 82816 taxes on real estate 1171118 46748 77 30 Total disbursements 1762287 32 IVASSETS AS PER LEDGER ACCOLXTS 1 Cost value of real estate exclusive of all incumbrances 994585 3S 2 Loans on mortgage first liens on real estate 1488078 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 5000 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 857808 26 5 Premium notes loans or liens on policies in force 52081 33 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 121607 50 7 Cash in companys office 6889 11 8 Cash deposited in banks 225253 04 10 Agents ledger balances 93340 86 13 Total net or ledger assets 3844643 48 OTHER ASSETS 14 Interest due 14400 and accrued 21 32728 on mortgages 21471 28 15 Interest accrued on bonds and stocks 940 50COMPTROLLERGENERALS REPORT 397 16 Interest accrued on collateral loans 229 52 18 Interest accrued on Union Bank of Cana da 51 85 19 Rents due 7200 and accrued 24425 on companys property or lease 316 25 Total carried out 20 Market value of real estate over cost 23 Gross premiums due and unreported on policies in force December 31 1905 248491 28 118251 92 24 Gross deferred premiums on policies in force De cember 31 1905 7559 01 56349 29 Totals 256050 29 17460121 25 Deducting loading actual 143388 16 34634 48 26 Net amount of uncollected and deferred premiums 112662 13 139966 73 23009 40 107432 64 252628 86 28 Total assets as per the books of the company 4227714 38 ITEMS NOT ADMITTED 5 Agents balances 7 Premium notes or loans on policies and net premiums in excess of the net value of their policies 8 Book value of ledger assets over market value viz U S bonds 93340 86 6913 22 778 00 Total 101032 08 9 Total assets less items not admitted 4126682 30 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with 4 per cent interest Deduct net value of risks of this com pany reinsured in other solvent com panies 3438314 00 3146 00 Net reinsurance reserve 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 3435108 00 37500 00398 COMPTROLLERGENERALS REPORT G Claims for death losses and other policy claims resisted by the company 15500 00 Total policy claims 53000 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 2582 71 13 Amount due on account of salaries rents and office ex penses 8055 24 16 Amount of any other liability of the company viz Pre miums andunearned interest paid in advance 22559 66 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 3521365 61 605316 69 19 Total liabilities 4126682 30 Business in Georgia during 1005 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1188 2453108 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 739 2777657 00 Total 1927 5230765 00 Deduct number and amount which have ceased to be in force during the year 387 1024512 00 Total number and amount of policies in force in Georgia December 31 1905 1540 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 3 Amount of losses and claims on policies in Georgia incurred during the year 9 4206253 00 13000 00 32000 00 Total 12 Amount of losses and claims on policies in Georgia paid during the year n Amount of premiums collected or secured in Georgia during the year in cash 14088305 and notes or credits 5736 76 without any deduction for losses dividends commis sions or other expenses 45000 00 40000 00 146619 81COMPTROLLERGENERALS REPORT 399 THE SOUTHERN STATES LIFE INSURANCE CO OP ALABAMA Wilmeb L Mooee President Frank Obme Secretary Principal Office Montgomery Ala ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets May 1 1906V 150000 00 Extended at 150000 00 IVASSETS AS PEB LEDGER ACCOUNTS 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 109280 00 8 Cash deposited in banks 40720 00 13 Total net or ledger assets 150000 00 THE SUN LIFE ASSURANCE COMPANY OF CANADA R Macaulay President T B Macaulay Secretary Principal Office 17G6 Notre Dame St Montreal Canada J S Cameron Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 105000 00 2 Amount of capital sub scribed but unpaid 595000 00 Amount of net or ledger assets December 31 of previous year 16759015 04 Extended at 16759015 04 LTINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deductions for commis sions or other expenses 5 New premiums thrift department 1J Cash received for renewal premiums without deductions for commissions or other expenses Renewal premiums thrift department 786409 67 18729 24 2991240 69 75931 10 400 COMPTROLLERGENERALS REPORT 3 From dividends applied to pay running premiums see item 11 disbursements 31833 13 3i From dividends applied to purchase paid up additions and annuities see item 12 disbursements 50840 78 4 From surrender values applied to pay running premiums see item 14 dis bursements 2600 50 5 Consideration for annuities other than matured installment policies 344676 52 Total 430226163 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 86018 renewals 37935 1239 53 7 Total premium income 4301022 10 8 Cash received for interest on mortgage loans bonds owned dividends on stock premium notes loans or liens other debts due the company and claims paid in advance 958261 58 13 Cash received for rents for use of companys property in cluding 250000 for companys own occupancy 20162 71 14 Cash received for net profits on sales of bonds or stocks and real estate 437930 02 19 From all other sources viz Premiums on combined ac cident policies 115 g2 Total income 5717492 23 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi ditions 3 Cash paid for matured endowments and additions there to 5 Cash paid for sums falling due during the year on in stallment policies 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 3J income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income Total paid policyholders 1648277 03 16 Cash paid stockholders for interest on dividends 851508 14 287393 38 2198 74 105174 11 83904 39 31833 13 50840 78 232823 86 2600 50 15750 00COMPTROLLERGENERALS REPORT 401 18 19 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 50842144 renewals 18170565 690 127 09 Cash paid for salaries and allowances to managers and aSents 190751 16 Cash paid for medical examiners fees 5655905 in spection of risks 200000 58559 05 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 94442 95 21 Cash paid for agency supervision traveling and all other agency expenses 32 003 74 Cash paid for directors and auditors fees 14121 32 Cash paid for insurance department fees agents licenses and municipal licenses 38513 57 24 Cash paid for rent including 250000 companys oc cupancy 28060 73 26 Cash paid for furniture fixtures and safes for home and agency offices 5200 40 27 Cash paid for advertising 1238940 printing 26329 65 postage 920109 sundries 1411143 6203157 28 Cash paid for legal expenses 5423 33 29 Cash paid for the following items viz Thrift depart ment expenses 3490892 accident department ex penses 1447 claims 875 34932 14 Total miscellaneous expenses 1269917 05 22 23 30 Total disbursements 2918194 08 IVASSETS AS PER LEDGES ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1056597 83 2 Loans on mortgage first liens on real estate 2272140 46 3 Loans secured by pledge of bonds stocks or other marketable collaterals 1789759 38 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 1398701 11 Loans made in cash to policyholders un der nonforfeiture agreements 333059 07 5 Premium notes loans or liens on policies in force 438 59 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 11524771 22 7 Cash in companys office 89542 44 8 Cash deposited in banks 990936 50 26 in402 COMPTROLLERGENERALS REPORT Ground rents 38640 00 Cash deposited with Japanese government 74700 00 11 Total19569286 60 12 Deduct ledger liabilities 10973 41 13 Total net or ledger assets less depreciation 19558313 19 OTHER ASSETS 14 Interest due 1337789 and accrued 39 98958 on mortgages 53367 47 15 Interest due 5142605 and accrued 94 08695 on bonds and stocks 145513 00 16 Interest accrued on collateral loans 279 50 17 Interest due 40185 and accrued 3249 92 on premiums notes loans or liens 3651 77 19 Rents due 385891 and accrued 6356 67 on companys property or lease 10215 58 Total carried out 213027 32 21 Market value of bonds and stocks over cost 1054802 92 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1905 144421 79 274491 26 24 Gross deferred premiums on policies in force De cember 31 1905 45693 72 161374 86 Totals 190115 51 435866 12 25 Deducting loading 35 per cent on new and 20 per cent on renewals 66540 43 87173 22 26 Net amount of uncollected and deferred premiums 123575 OS 348692 90 472267 98 28 Total assets as per the books of the company 21298411 41 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the American table of mortality with 31 per cent interest 19046564 62 Deduct net value of risks of this company reinsured in other solvent companies 3637 99 Net reinsurance reserve 19042926 63COMPTROLLERGENERALS REPORT 403 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 243246 62 7 Amounts due and unpaid on annuity claims 7499 04 8 Present value of unpaid amounts on ma tured installment policies 68322 61 Total policy claims 319068 27 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 30501 14 11 Amount of unpaid dividends to stockholders due Janu ary 1 1906 7875 00 1G Amount of any other liability of the company viz Pre miums paid in advance 5727229 unearned premi ums accident department 6949 57341 78 17 Liabilities on policyholders account 19457712 82 18 Gross surplus on policyholders account 1840698 59 19 Total liabilities 21298411 41 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of poli cies 1133411 18 21 Estimated surplus accrued on all other policies 260354 80 Unallotted surplus 341932 61 Total 1735698 59 Business in Georgia during 1905 T No Amourt Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 744 1423268 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 464 758666 48 Total 1208 2181934 48 Deduct number and amount which have ceased to be in force during the year 322 633021 00 Total number and amount of policies in force in Georgia December 31 1905 886 1548913 48 Amount of losses and claims on policies in Georgia incurred during the year 5 17677 50 Amount of losses and claims on policies in Georgia paid during the year 5 17677 50 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 57504 70404 COMPTROLLERGENERALS REPORT THE TRAVELERS INSURANCE COMPANY OF CONNECTICUT S C Dunham President John E Mokeis Secretary Home Office 56 Prospect Street Hartford Conn ICAPITAL STOCK Amount of ledger assets as per balance December 31 of previous year 34080215 51 Extended at 34080215 51 IIINCOME I First years premiums on original poli cies without deduction for commissions or other expenses less 1143475 for first years reinsurance 841907 98 4 Dividends applied to purchase paidup additions and annuities 9376 00 6 Consideration for original annuities in volving life contingencies 33180 03 5 Total new premiums 884404 01 9 Renewal premiums in addition to items 10 11 and 12 without deduction for commissions or other expenses less 12690961 for reinsurance on renewals 4506180 94 10 Dividends applied to pay renewal premi ums 8994 53 II Surrender values applied to pay renewal premiums 99 66 12 Renewal premiums for deferred annui ties L214 34 13 Total renewal premiums 4516489 47 14 Total premium income 5400953 48 15 Consideration for supplementary contracts not involving life contingencies 506278 28 18 Interest on mortgage loans 483273 SO 13 Interest on collateral loans 50263 30 20 Interest on bonds and dividends on stocks 939520 81 21 Interest on premium notes policy loans or liens 139594 32 22 Interest on other debts due the company 46107 25 23 Discount on claims paid in advance 3850 26 24 Rent from companys property including 2500000 for companys own occupancy 83330 97 25 Total interest and rents 1745940 77 28 Total income 7653172 53 iCOMPTROLLERGENERALS REPORT 405 IIIDISBURSEMENTS 1 For death claims less 11950000 rein surance 1984129 77 2 For matured endowments less 302307 reinsurance 658103 11 3 4 6 7 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Net amount paid for losses and matured endowments For annuities involving life contingencies Surrender values paid in cash Surrender values applied to pay renewal premiums see income No 11 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 2891901 26 Paid for claims on supplementary contracts not involving life contingencies Commissions and bonuses to agents less commission on reinsurance first years premiums 42005228 renew al premiums 21938735 on annuities original 1 39716 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 Medical examiners fees 4935489 inspection of risks 391363 Salaries and all other compensation of officers and home office employees Rent including 1000000 for companys own occupancy Advertising 1040234 printing and stationery 18338 03 postage 1653903 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 All other disbursements Miscellaneous items 2622232 88 23222 53 227975 66 99 66 8994 53 9376 00 130443 24 640885 51 10000 00 68342 79 34696 36 53268 52 143691 30 31128 82 45279 40 4909 42 426 10 68479 93 15758 30 111006 IS 174787 03 10261 99 30 Total disbursements 4435266 15 IVLEDGER ASSETS Home office property 1 Book value of real estateunincumbered 2 Mortgage loans on real estate first liens 477876 89 419473 14 9909991 49406 COMPTROLLERGENERALS REPORT 3 Loans secured by pledge of bonds stocks or other collat eral 868129 34 4 Loans made to policyholders on this companys policies assigned as collateral 3192366 33 5 Premium notes on policies in force 15260 56 6 Book value of bonds excluding interest 2003035637 stocks 166854313 21698899 50 7 Deposited in trust companies and banks on interest 69S492 85 8 Cash in companys office 6130 82 9 Agents balances 11500 97 10 Ledger assets 37298121 89 NONLEDGEB ASSETS 11 Interest accrued on mortgages 12 Interest accrued on bonds and stocks 13 Interest accrued on collateral loans 19 Market value not including interest in item 12 of bonds and stocks over book value New Business Renewals 21 Gross premiums due and unreported on policies in force December 31 1905 9789 67 246539 78 22 Gross deferred premiums on policies in force De cember 31 1905 48778 58 459905 11 23 Totals 58568 25 706444 89 24 Deduct loading 8J per cent 4831 88 58281 70 25 Net amount of uncollected and deferred premiums 137965 63 326166 91 15038 33 576823 43 53736 37 648163 19 701S99 56 27 Gross assets 39056015 75 DEDUCT ASSETS NOT ADMITTED 30 Agents debit balances 11500 97 36 Total admitted assets 39044514 78 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany on the American experience table of mortality with 3 and 31 per cent in terest 34928819 00 Same for reversionary additions 11971 00COMPTROLLERGENERALS REPORT 407 Same for annuities including those in re duction of premiums 215341 00 Totai 35156131 00 Deduct net value of risks of this company reinsured in other solvent companies 805637 00 Net reserve 34350494 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2230352 28 5 Claims for death losses in process of ad justment or adjusted and not due 32198 00 6 Claims for death losses which have been reported and no proofs received 141783 41 7 Claims for matured endowments due and unpaid 3229 00 8 Claims for death losses and other policy claims resisted by the company 13000 00 10 Total policy claims 190210 41 12 Premiums paid in advance including surrender values so applied 50388 U 14 Cost of collection on uncollected and deferred premi ums in excess of the loading thereon 321 42 15 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 1500000 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums M 24 Unassigned funds surplus 2206969 24 25 Total liabilities39044514 78 Business in Georgia during 190 No Amount Policies on the lives of citizens of said State in force December 31 of previous year 1442 5096849 00 Policies on the lives of citizens of said State issued 98 269820 00 during the year tal 1540 5366669 00 Deduct ceased to be in force during the year122 3G8170 00 Policies in force December 31J 4998499 00 Losses and claims unpaid December 31 of previous year 408 COMPTROLLERGENERALS REPORT Losses and claims incurred during the year 40 Losses and claims settled during the year in cash 41 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 61078 00 64078 00 1689S6 73 UNITED AMERICAN LIFE INSURANCE COMPANY OF DELAWARE Thomas B Reeves Jk President John W Muir Secretary Principal Office 300 and 302 Walnut Street Philadelphia Pa William A Weight Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Increase of capital during 1906 100000 00 Extended at J 100000 00 IIINCOME 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 1051 67 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 65 28 7 Total premium income 9 Cash received for interest on bonds owned and dividends on stock 13 Cash received for rents for use of companys property 18 Money borrowed 19 From all other sources viz Surplus paid in by stock holders Total income IIIDISBURSEMENTS 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1500 inspection of risks 18750 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 1116 95 928 26 99 16 30000 00 30000 00 62144 37 523 33 1637 77 202 50 2264 97COMPTROLLERGENERALS REPORT 409 23 Cash paid for insurance department fees and agents li censes 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 8850 printing 286070 postage 8600 28 Cash paid for legal expenses 29 Cash paid for the following items viz General expense 232868 interest accrued on bond purchases 99180 casualty business losses 4500 commissions 5020 traveling expenses 35367 30 Total disbursements IVASSETS AS PEB LEDGES ACCOUNTS 1 Cost value of real estate inclusive of all incumbrances 5 Premium notes loans or liens on policies in force 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances 13 Total net or ledger assets OTHER ASSETS 15 Interest due 43750 and accrued 87498 on bonds and stocks 27 Premiums casualty in course of collection not over three months due 28 Total assets as per the books of the company ITEMS NOT ADMITTED 5 Agents balances 9 Total assets less items not admitted VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of July 1906 computed according to the actuaries table of mortality with 4 per cent interest 16 Amount of any other liability of the company viz Commissions due to agents on note when paid 3264 borrowed money 3000000 commissions casualty 42205 reinsurance reserve casualty 229950 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 217 00 320 81 1618 09 3035 20 102 75 3872 10 13691 77 43000 00 65 28 103587 50 21 07 1398 84 379 91 148452 60 1312 48 2299 50 152064 58 379 91 151684 67 870 00 32754 19 33624 19 118060 48 151684 67410 COMPTROLLERGENERALS REPORT UNION MUTUAL LIFE INSURANCE COMPANY PORTLAND MAINE Feed E Richards President J Frank Lang Secretary Home Office 396 Congress Street Portland Maine 1CAPITAL STOCK Amount of ledger assets as per balance December 31 of previous year 10385330 80 Extended at 10385330 SO IIINCOME 1 First years premiums on original policies without deduction for commissions or other expenses 360799 22 4 Dividends applied to purchase paidup ad ditions and annuities 43S93 63 5 Surrender values applied to purchase paid up insurance and annuities 16857 82 6 Consideration for original annuities in volving life contingencies 865 50 8 Total new premiums 422416 17 9 Renewal premiums in addition to items 10 and 11 without deduction for com missions or other expenses less 96964 for reinsurance on renewals 1843103 64 10 Dividends applied to pay renewal premi ums 44132 47 11 Surrender values applied to pay renewal premiums 6438 80 13 Total renewal premiums 1S93674 91 14 Total premium income 2316091 08 15 Consideration for supplementary contracts not involving life contingencies 3256 00 17 Premium notes loans or liens restored by revival of poli cies 1170 27 18 Interest on mortgage loans 55389 33 19 Interest on collateral loans 52004 01 20 Interest on bonds and dividends on stocks 277079 31 21 Interest on premium notes policy loans or liens 3653 60 22 Interest on other debts due the company 5493 46 24 Rent from companys property including 1051834 for companys own occupancy 64945 70COMPTROLLERGENERALS REPORT 411 25 Total interest and rents 458565 41 26 Profit on sale or maturity of ledger assets 28161 46 27 From other sources Profit and loss on stocks and bonds 24971 22 28 Total income 2832209 44 IIIDISBURSEMENTS 1 For death claims 66266447 additions 1113810 67380257 2 For matured endowments 8441341 ad ditions 793999 92353 40 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse shorttime notes 19 24069 Surrender values paid in cash Surrender values applied to pay renewal premiums see income No 11 Surrender values applied to purchase paidup insurance and annuities see income No 5 Collateral loan on policy notes voided by lapse 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 1121005 68 Paid for claims on supplementary contracts not involving life contingencies Commissions and bonuses to agents less commission on reinsurance first years premiums 23451776 re newal premiums 12266430 on annuities original 4327 Commuting 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 Salaries and all other compensation of officers and home office employees Rent including 1051834 for companys own occupancy Advertising 830762 printing and stationery 17166 92 postage 675479 Legal expenses Furniture fixtures and safes Insurance taxes licenses and department fees Taxes on real estate 766155 97 2239 51 19301 69 154284 53 6438 80 16857 82 21845 46 45855 80 44132 47 43893 63 3443 31 357225 33 1694 67 81687 93 15582 80 37269 88 93849 67 31092 61 32229 33 6227 54 1819 37 43693 22 11688 24 412 COMPTROLLERGENERALS REPORT 27 Repairs and expenses other than taxes on real estate 17190 20 28 Loss on sale or maturity of ledger assets 8000 00 29 All other disbursements Miscellaneous expenses 18 60677 traveling expenses officers and clerks 1372 67 profit and loss on real estate 2176700 on mort gages 50000 on miscellaneous 546325 47709 69 30 Total disbursements 1911409 47 IVLEDGER ASSETS 1 Book value of real estate unincumbered 1214341 94 2 Mortgage loans on real estate first liens 1109405 62 3 Loans secured by pledge of bonds stocks or other collat eral 883753 26 4 Loans made to policyholders on this companys policies assigned as collateral 298806 11 5 Premium notes on policies in force including 6740411 shorttime notes taken in settlement of premiums 140379 11 6 Book value of bonds excluding interest 474604331 stocks 277603201 7522075 32 7 Depositedin trust companies and banks on interest 19863 37 8 Cash in companys office 34510 deposited in banks not on interest 4952083 49865 93 9 Agents balances net 5999 36 Cash in transit December 31 1905 since received 1640 75 10 Total ledger assets 11306130 77 NONLEDGER ASSETS 11 Interest due 22500 and accrued 2189286 on mort gages 22117 86 12 Interest accrued on bonds and stocks 63532 45 13 Interest accrued on collateral loans 3516 18 14 Interest due 287090 and accrued 183244 on pre mium notes policy loans or liens 4703 34 15 Interest due 117972 and accrued 621667 on other assets 7396 39 16 Rents accrued on companys property or lease 1913 93 19 Market value not including interest in item 12 of bonds and stocks over book value 408109 57 New Business Renewals 21 Gross premiums due and unreported on policies in force December 31 1905 45475 17 145077 96 22 Gross deferred premiums on policies in force De cember 31 1905 26037 15 129330 36COMPTROLLERGENERALS REPORT 413 24 25 27 Totais 71512 32 274408 32 Deduct loading 20 per cent 14302 46 54881 66 Net amount of uncollected and deferred premiums 57209 86 219526 66 276736 52 All other assets Forborne premiums to be deducted in settlement of policy claims included in liabilities 435 00 Gross assets 12094592 01 DEDUCT ASSETS ROT ADMITTED Agents debit balances net 5999 36 Total admitted assets 12088592 65 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 as computed by the com pany on the actuaries table of mortal ity with 4 per cent interest prior to January 1 1901 905641700 subse quent to January 1 1901 on the Ameri can table of mortality with 3 per cent interest 191356400 10969981 00 Same for reversionary additions 243742 00 Same for annuities including those in re duction of premiums 15846 00 Total11229569 00 Deduct net value of risks of this company reinsured in other solvent companies 3510 00 11226059 Net reserve 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies u 5 Claims for death losses in process of ad justment or adjusted and not due oiU6 61 6 Claims for death losses which have been reported and no proofs received 4MSo a 7 Claims for matured endowments due and unpaid 8 Claims for death losses and other policy claims resisted by the company 1uuu 109983 10 Total policy claims 12 Premiums paid in advance including surrender values so applied net 00 00 87 02414 COMPTROLLERGENERALS REPORT 19 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 11917 67 22 Other liabilities Unpaid bills 100000 contingent re serve 600 premium obligation in excess of reserve 197400 2980 00 24 Unassigned funds surplus 710233 45 25 Total liabilities 12094592 01 Business in Georgia during 1905 No Amount Policies on the lives of citizens of said State in force December 31 of previous year 90 157317 68 Policies on the lives of citizens of said State issued during the year 275 378970 11 Total 365 536287 79 Deduct ceased to be in force during the year 62 83500 00 Policies in force December 31 303 452787 79 Losses and claims incurred during the year 1 2500 00 Losses and claims unpaid December 31 1 2500 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 13558 79 UNION CENTRAL LIFE INSURANCE COMPANY QF OHIO John M Pattison President E P Marshall Secretary Principal Office 353 W Fourth Street Cincinnati Ohio Isaac H Haas 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 41830746 02 Extended at 41830746 02 IIINCOME DURING YEAR 1905 1 Cash received for premiums on new poli cies without deduction for commissions or other expenses 776145 17COMPTROLLERGENERALS REPORT 415 Ik Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 2i Premium notes loans or liens taken in part payment for renewal premiums From dividends applied to pay running premiums see item 11 disbursements 3 From dividends applied to purchase paid up additions and annuities see item 12 disbursements 4 From surrender values applied to pay run ning premiums see item 14 disburse ments 4J From surrender values applied to pur chase paidup insurance and annuities see item 15 disbursements 5 Consideration for annuities other than matured installment policies 4144188 24 597667 10 2368450 44 287416 06 166967 55 42380 19 77092 18 16674 96 Total 847698189 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 4357152 renewals 20487673 248448 25 10 11 8228533 Cash received for interest on mortgage loans 2239870 Cash received for interest on bonds owned and dividends on stock Cash received for interest on premium notes loans or 7 Total premium income 8 9 64 16 500 00 liens Cash received for interest on other debts due the com pany 13 Cash received for rents for use of companys property in cluding 720000 for companys own occupancy From all other sources viz Consideration for supple mentary contracts not involving life contingencies 19 381506 10 48939 22 28779 90 92626 52 Total income11020755 54 mDISBURSEMENTS FOE THE YEAB 1905 1 Cash paid for death claims including re versionary additions 1665560 64 2 Premium notes loans or liens used in pay ment of the same 18646 97 3 Cash paid for matured endowments and additions thereto 476361 32416 COMPTROLLERGENERALS REPORT 5 Cash paid for sums falling due during year on installment policies the 21743 52 Total 2182312 45 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 80000 00 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Premium notes loans or liens used in purchase of sur rendered policies 2153781 voided by lapse 262 63478 Premium notes loans or liens used in payment of divi dends to policyholders 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 3i 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 3418900 37 Cash paid stockholders for interest on dividends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 63397980 renewals 43052471 on annuities 83374 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 Cash paid for taxes on new premiums and on renewals Cash paid for taxes on reserves 285514 on real estate 642108 Cash paid for insurance department fees and agents li censes Cash paid for rent including 720000 companys occu pancy Cash paid for commuting commissions Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 1885500 printing 35497 17 postage 1007405 Cash paid for real estate expenses other than taxes 19 1318 for legal expenses 829599 2102312 45 21221 31 284172 59 1451 53 237493 38 287416 06 166967 55 198393 13 423S0 19 77092 18 10000 00 1065338 25 45889 38 68362 50 182781 93 124167 82 9270 22 13191 98 34196 77 15517 83 4582 56 64426 22 27609 17COMPTROLLERGENERALS REPORT 417 29 Cash paid for the following items viz Mortgage loan expense 22667383 agency supervision 3268537 general expense 1382405 profit and loss 608770 279270 95 30 Total disbursements 5363511 95 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 552352 34 2 Loans on mortgage first liens on real estate 40317152 07 4 Loans made in cash to policyholders on this companys policies assigned as collateral 4511759 37 5 Premium notes loans or liens on policies in force 1725460 36 6 Cost value of bonds owned excluding accrued interest at time of purchase 10000 00 8 Cash deposited in banks 140302 52 9 Bills receivable 94902 19 10 Agents ledger balances 136060 76 13 Total net or ledger assets 47487989 61 OTHER ASSETS 14 Interest due 6810395 and accrued 1 37034654 on mortgages 1438450 49 17 Interest due 1401078 and accrued 20435144 on premiums notes loans or liens 19 Rents due 22600 and accrued 1420 47 on companys property or lease 218362 22 1646 47 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 1905 233413 07 24 Gross deferred premiums on policies in force De cember 31 1905 1658459 18 40143 51 300 00 11071 99 Renewals 430700 52 97256 12 Totals 244485 06 527956 64 25 Deducting loading 20 per cent 48897 01 105591 33 26 Net amount of uncollected and deferred premiums 195588 05 422365 31 617953 36 28 Total assets as per the books of the company 49804845 66 27 in418 COMPTROLLERGENERALS REPORT ITEMS KOI ADMITTED 5 Agents balances 143410 40 7 Bills receivable 94902 19 8 Depreciation in ledger assets to cover pos sible shrinkage of values in real estate 55235 23 Total 293547 82 9 Total assets less items not admitted 49511297 84 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries table of mortality with 4 per cent interest and American 3 per cent 40995839 00 Deduct net value of risks of this company reinsured in other solvent companies 558911 00 Net reinsurance reseive 4043692S 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 92676 00 6 Claims for death losses and other policy claims resisted by the company 34000 00 8 Present value of unpaid amounts on ma tured installment policies face 477 92500 324984 00 Total policy claims 451660 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 36854 19 16 Amount of any other liability of the company viz Pre miums paid in advance 8376873 commissions due on premium notes when paid 23409753 net unpaid and deferred premiums on reinsurance policies 3849292 356359 18 17 Liabilities on policyholders account 41281801 37 18 Gross surplus on policyholders account 8492203 43 19 Total liabilities 49774004 SO 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 5873375 00 21 Estimated surplus accrued on all other policies 2618828 43COMPTROLLERGENERALS REPORT Business in Georgia during 1905 Number and amount of policies on the lives of eiti N zens of Georgia in force December 31 of previous year 3720 Number and amount of policies on the lives of citi zens of Georgia issued during the year 1091 TotaI 4811 Deduct number and amount which have ceased to be in force during the year 595 Total number and amount of policies in force in Georgia December 31 1905 4216 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 Amount of losses and claims on policies in Georgia incurred during the year 27 Total 28 Amount of lbsses and claims on policies in Georgia paid during the year 27 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 419 Amount 6304200 00 1810079 00 8114279 00 851630 00 7262649 00 2500 00 47000 00 49500 00 48500 00 242491 93 VOLUNTEER STATE LIFE INSURANCE COMPANY OP TENNESSEE Z C Patten President A S Caldwell Secretary Principal Office Chattanooga Tenn ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous year 212661 30 Extended at 212661 30 IIINCOME DURING YEAE 1905 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 86657 24 li Cash received for renewal premiums without deductions for commissions or other expenses 52840 46 Total 139497 70420 COMPTROLLERGENERALS REPORT 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 141896 renewals 128076 2699 72 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 14 Cash received for profits on sales of bonds or stocks 19 From all other sources viz Loss and gain Total income 136797 98 3055 68 3396 50 1350 00 276 52 524 15 232 89 145633 72 IIIDISBURSEMENTS FOR THE YEAR 1905 1 Cash paid for death claims including reversionary addi tions 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 4015583 renewals 113122 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 696000 inspec tion of risks 113350 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 23 Cash paid for insurance department fees agents licensee and municipal licenses 24 Cash paid for rent companys occupancy 25 Cash paid for agency supervision traveling or other ex penses 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 384093 printing 378193 postage 144819 28 Cash paid for real estate expenses other than taxes 254 13 for legal expenses 3950 29 Cash paid for the following items viz Telegrams 73 38 telephones 30830 express 18204 actuary 22500 16300 00 41287 05 7124 01 8093 50 23141 35 3077 80 830 54 7477 75 2226 39 9071 05 293 63 72 30 Total disbursements 119711 79COMPTROLLERGENERALS REPORT 421 IVASSETS AS PEB LEDGER ACCOUNTS 2 Loans on mortgage first Hens on real estate 73500 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 14772 38 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 104054 00 7 Cash in companys office 100 00 8 Cash deposited in banks 36401 74 10 Agents ledger balances advanced during the year 9755 11 13 Total net or ledger assets 238583 23 OTHEB ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans New Business 23 Gross premiums due and unreported on policies in force December 31 1905 22999 76 24 Net deferred premiums on policies in force December 31 1905 first renewal 16836 24 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 70 per cent of cost 2 86973 stationery and advertising matter on hand 30 per cent of cost 250971 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 8 Supplies printed matter and stationery 2869 73 2509 71 Total 555 00 72 50 169 36 39836 00 5379 44 28 Total assets as per the books of the company 284595 53 5379 44 9 Total assets less items not admitted 279216 09 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1905 computed according to the actuaries table of mortality with 4 per cent in terest 17 Capital stock 18 Surplus 19 Total liabilities 51147 31 200000 00 28068 78 279216 09422 COMPTROLLERGENERALS REPORT Business in Georgia during 1905 T No Amount Number and amount of policies on the lives of citi zens of Georgia issued during the year 74 158500 00 Deduct number and amount which have ceased to be in force during the year 3 4000 00 Total number and amount of policies in force in Georgia December 31 1905 71 154500 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 4747 74 WASHINGTON LIFE INSURANCE COMPANY OP NEW YORK John Tatlock President John W B Van de Water Secretary Principal Office 141 Broadway New York N Y Martine L Harjisen 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 17119162 58 Extended at 17119162 58 IIINCOME DURING YEAR 1905 I Cash received for premiums on new policies without de ductions for commissions or other expenses 270204 32 II Cash received for renewal premiums without deduc tions for commissions or other expenses 2175343 66 3 From dividends applied to pay running premiums see item 11 disbursements 234 94 31 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 58844 68 4 From surrender values applied to pay running premiums see item 14 disbursements 40680 48 4J From surrender values applied to purchase paidup in surance and annuities see item 15 disbursements 168276 09 5 Consideration for annuities other than matured install ment policies 28789 40 7 Total premium income 2742373 57 8 Cash received for interest on mortgage loans 273054 38 9 Cash received for interest on bonds owned and dividends on stock 93437 10COMPTROLLERGENERALS REPORT 423 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 including 3100000 for companys own occupancy 14 Cash received for profits on sales of bonds or stocks and real estate 19 Prom all other sources viz Interest on collateral loans 20 Collectable agents balances formerly charged off re stored to ledger Total income 94439 04 14620 06 3265 71 379864 19 37973 38 i 605 98 43794 11 3683427 85 1 3 8 10 11 12 13 14 15 17 18 19 20 21 22 23 24 25 26 IIIDISBURSEMENTS FOB THE YEAB 1905 Cash paid for death claims including reversionary addi tions Cash paid for matured endowments and additions there to Cash paid to annuitants 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 3i 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 2120900 21 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 17333630 renewals 13396518 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 2111125 inspec tion of risks 255386 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 reserves 205144 on invest ments 7428156 Cash paid for insurance department fees agents licenses and municipal licenses Cash paid for rent companys occupancy Cash paid for commuting commissions Cash paid for furniture fixtures and safes for home and agency offices 1024198 45 430335 72 32967 67 43387 55 234 94 58844 68 321974 63 40680 48 168276 09 307301 48 111145 23 23665 11 96239 12 33527 15 76333 00 10187 19 31000 00 24186 37 1089 76424 COMPTROLLERGENERALS REPORT 27 Cash paid for advertising 2014189printing 12105 05 postage and exchange 1253249 44779 43 28 Cash paid for real estate expenses other than taxes 11654992 for legal expenses 1891752 loss on sale or maturity of ledger assets 921250 144679 94 29 Cash paid for the following items viz Examination by New York insurance department 529761 office ex penses including directors fees telegraph telephone extra clerical service etc 1283370 profit and loss 16974 agency expenses 312948 supplementary con tracts 221440 23644 93 Total miscellaneous expenses 927772 71 30 Total disbursements 3048672 92 IV ASSETS AS PEE LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Loans made in cash to policyholders on this companys policies assigned as collateral 6 Book 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 6652484 00 4440550 00 5000 00 1668696 13 4707612 73 1937 24 204345 12 73292 29 13 Total net or ledger assets 17753917 51 OTHEB ASSETS 14 Interest due 605000 and accrued 30 13292 on mortgages 36182 92 15 Interest accrued on bonds and stocks 54989 20 17 Interest due 687634 and accrued 13 09879 on premiums notes loans or liens 19975 13 18 Interest accrued on other assets 958 45 19 Rents due 7500 and accrued 1515003 on companys property or lease 15225 03 Total carried out 23 Gross premiums due and unreported on policies in force December 31 1905 24 Gross deferred premiums on policies in force De cember 31 1905 New Business 1661 41 10282 23 Renewals 109080 01 196927 42 127330 Totals 11943 64 306007 43COMPTROLLERGENERALS REPORT 25 Deducting loading 20 per cent 2388 73 61201 48 425 26 Net amount of uncollected and deferred premiums 9554 91 244805 95 254360 86 28 Total assets as per the books of the company 18135609 10 ITEMS KOT ADMITTED 5 Agents balances 73292 29 8 Depreciation value of bonds and stocks 53005 23 Total 126297 52 9 Total assets less items not admitted 18009311 58 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1905 computed according to the actuaries and American tables of mor tality with 4 3i and 3 per cent interest 17200260 00 Deduct net value of risks of this company reinsured in other solvent companies 395 00 Net reinsurance reserve 17199865 00 3 Claims for death losses no proofs re ceived 86315 00 4 Claims for matured endowments due and unpaid 20616 33 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 25526 80 6 Claims for death losses and other policy claims resisted by thfe company 1000 00 7 Amounts due and unpaid on annuity claims 400 00 Total policy claims 133858 13 9 Other reserve outside 33241 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 8191 14 13 Amount due on account of salaries rents and office ex penses 2717 76 16 Amount of any other liability of the company viz Pre miums paid in advance 808727 unearned interest on 5 per cent policy loans 1611705 24204 32426 COMPTROLLERGENERALS REPORT 17 Liabilities on policyholders account 17402077 35 18 Gross surplus on policyholders account 607234 23 19 Total liabilities 18009311 58 Business in Georgia during 1905 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 581 1015847 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 44 80115 00 Total 625 1095962 00 Deduct number and amount which have ceased to be in force during the year 89 255645 00 Total number and amount of policies in force in Georgia December 31 1905 536 840317 00 Amount of losses and claims on policies in Georgia incurred during the year 8 16500 00 Amount of losses and claims on policies in Georgia paid during the year 8 16500 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 29059 39 ATLANTA MUTUAL INSURANCE ASSOCIATION OF ATLANTA GA A F Hebndon President J H Crew Secretary Principal Office 202 Auburn Avenue Atlanta Hon vV A Weight Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR 1905 1 Membership fees 710 50 2 Annual dues 4735 50 Total paid by members 5446 00 Total income 5446 00 IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 1514 30 Total paid to members 1514 30 3 Commissions and lees retained by or paid to agents 2047 74 COMPTROLLERGENERALS REPORT 427 5 Salaries and traveling expenses of man agers of agencies and general special and local agents 987 00 7 Salaries and other compensation of officers and other office employees 383 20 8 Rent 54 07 10 Advertising 14800 blanks and print ing 15895 306 95 It All other items viz Postage 26 16 Miscellaneous 19 58 Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 5500 00 6 Cash in office 107 00 Total 5607 00 8 Agentsledger balances If07 00 Total net or ledger assets VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force 1107 00 20 Annual payments or premiums in process of collection not yet due 25740 00 21 Total due from members 26847 00 22 Deduct estimated cost of collection 8019 60 23 Net amount due from members 24 All ocher assets viz Cash in office Office fixtures and safe Total assets VILIABILITIES 7 Borrowed money including interest due or accrued 8 To officers or others for advances on account of ex penses of organization 9 Amount of all other liability viz Furnishing office including safe Total liabilities1 5339 00 6714 00 5500 00 18827 40 107 00 705 00 25139 40 5500 00 248 00 705 00 6453 00428 COMPTROLLERGENERALS REPORT Business in Georgia during 1905 No Policies or certificates written during the year 19057379 Deduct number and amount which have ceased to be in force during 1905 955 Total policies or certificates in force December 3119056324 126480 00 Losses and claims on policies or certificates incurred during the year 1905 Losses and claims on policies or certificates paid dur ing the year 1905 Amount 147580 00 19100 00 1514 30 1514 30 THE ATHENS COOPERATIVE LIVE STOCK INSURANCE CO Cobb Lampkin President S R McDuffie Secretary Principal Office Clayton Street Athens Ga H S West Attorney for Service in Georgia ANGELUS MUTUAL INSURANCE COMPANY G A Horkan President F J Bivins Secretary Principal Office Moultrie Ga W S Humphreys Sr Moultrie Attorney for service in Georgia IBALANCE SHEET Guarantee fund IIINCOME DURING THR YEAR 1905 1 Membership fees 198 00 2 Dues 3076 40 Total paid by members 7 Cash received from all other sources viz Ex charter etc Total income IIIDISBURSEMENTS DURING THE YEAR 1905 1 Losses and claims 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 25000 00 3274 40 500 00 3774 40 653 75 818 59 569 27 90 00 COMPTROLLERGENERALS REPORT 8 Rent 5250 taxes 16400 9 Advanced to officers and agents to be repaid out of future salaries or commissions 10 Advertising 4820 blanks and printing 22725 Total Total expenses footings of items 3 to 112035 65 IVINVESTED ASSETS 6 Cash in office 116 19 All other deposits Moultrie banks 140 43 8 Agents ledger balances 553 93 9 All other ledger assets viz Deferred pre miums and notes 21200 furniture and fixtures 6245 guarantee fund 2500000 25274 45 Total net or ledger assets less depreciation Business in Georgia during 1905 No Policies or certificates written during the year 1905 634 Total 634 Deduct number and amount which have ceased to be in force during 1905 41Q Total policies in force December 31 1905 224 Loss and claims on policies or certificates incurred during the year 1905 Total Loss and claims on policies or certificates paid during the year 1905 42 216 50 65 84 275 45 2689 40 26085 00 Amount 951 00 951 00 615 00 336 00 653 75 653 75 653 75 AMERICAN LIVE STOCK INSURANCE CO C B Jo President A B Retway Secretary Principal Office Macon Ga AValteh M Clements Eastman Attorney for Service in Georgia AMERICAN ASSURANCE ASSOCIATION OF ATLANTA GEORGIA E P Burns President 8 H Bean Secretary Principal Office 416418 Century Building Whitehall and Alabama Sts Hamilton Douglas Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year 430 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAS 1905 1 Membership fees 2 Weekly dues 463 10 15845 45 Total paid by members 16308 55 7 Cash received from all other sources viz Advance by officers and directors 5050 00 Total income Total IIIDI8BUBSMEENTS DURING YEAE 1905 Losses and claims 3 692 13 Annual payments and assessments re turned to members 10 11 Total paid to members Commissions and fees retained by or paid to agents Commissions and fees retained by or paid to officers and directors Salaries and other compensation of officers and other office employees Rent 285 00 taxes 27536 Advanced to officers and agents to be re paid out of future salaries or commis sions Advertising 1100 blanks and print ing 25431 All other items viz Office incidentals Bonds secured for deposit 18 23 3710 66 7196 11 1723 02 2415 00 560 36 313 32 268 31 167 46 5050 00 Total disbursements IVINVESTED ASSETS Cost value of bonds and stocks owned absolutelv Cash in office Office fixtures and furniture Total net or ledger assets 19 20 21 VCONTINGENT ASSETS Weekly payments or premiums due and unpaid on memberships in force Weekly payments or premiums in process of collection not yet due Total due from members 100 80 13989 50 14090 30 2135S 55 22070 22 21934 24 5050 00 265 90 200 00 5515 9016788 1 6250 00 COMPTROLLERGENERALS REPORT 431 22 Deduct estimated cost of collection 2818 06 23 Net amount due from members 11272 24 Total assets VILIABILITIES 8 To officers or others for advances on account of ex penses of organization Total liabilities Business in the State of Georgia during the year No Policies or certificates in force December 31 1904 4584 Policies or certificates written during the year 1905 3325 Total7909 219578 00 Deduct number and amount which have ceased to be in force during 19054717 169778 00 Total policies in force December 31 19053192 f 79800 00 Loses and claims on policies or certificates incurred during the year 19051077 3692 43 Losses and claims on policies or certificates paid dur ing the year 19051077 I 3692 43 6250 00 Amount 169240 00 80338 00 AMERICAN INSURANCE COMPANY M T LaHatte President W W Foreacre Secretary Principal Office 3079 Temple Court Atlanta Ga J A Branch Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of pre 6473 47 vious year IIINCOME DURING YEAR 1905 1 Membership fees 12487 2 Annual dues L4670S Total paid by members 13954 17 7 Cash received from all other sources viz Paid by guar antors 14954 17 Total income IIDISBURSEMENTS DURING YEAR 1905 977 13 1 Losses and claims 3 Commissions and fees retained by or paid to agents tt432 COMPTROLLERGENERALS REPORT 5 Salaries and traveling expenses of managers of agencies and general speeial and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 12000 taxes 17290 9 Advanced to officers and agents to be repaid out of future salaries or commissions 10 Advertising 1704 blanks and printing 51753 11 All other items viz Furniture and fixtures 7776 Attorneys fees 10000 court cost 1815 Total Disbursements Total expenses footings of items 3 to 11 10135 66 IV INVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incum brances 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks on reserved fund account MaddcxRucker Banking Company 111928 furni ture and fixtures 7500 office supplies 20000 8 Agents ledger balances 9 All other ledger assets viz Notes owned by the com pany 104113 balance guarantors fund 400000 23 Net amount due from members 24 All other assets viz Due by membership as provided by by1 aws 177 76 1332 64 292 90 823 69 534 57 295 91 11112 78 1100 00 1000 00 755 75 1594 28 S23 69 5041 13 Total net or ledger assets less depreciation 10314 85 VCONTINGENT ASSETS 14 Market value of real estate over cost 1100 00 15 Market value of bonds and stocks overcost 1000 00 19 Annual payments or premiums due and unpaid on memberships in force 1467 08 21 Total due from members 1467 08 22 Deduct estimated cost of collection 146 70 Total Business in Georgia During 1905 No Policies or certificates in force December 31 1904 574 Policies or certificates written during the year 1905 1124 1320 38 27910 34 29230 72 Amount 88810 00 638984 00 Total policies in force December 31 1905 1698 Losses and claims on policies or certificates incurred during the year 1905 7 Losses and claims on policies or certificates paid during the year 1905 4 727794 00 2952 13 977 13COMPTROLLERGENERALS REPORT 433 AMERICAN MUTUAL LIFE INSURANCE CO RUTLEDGE GA E C Ponder President M t w M L Wallace Sec and Treas Home Office Rutledge Ga ATHENS MUTUAL EIRE INSURANCE CO OP ATHENS GA M Stern President Principal Office 24 Clayton Street 11 IIASSETS 2 Loans on bond and mortgage duly re corded and being first liens on the fee simple Account of stocks and bonds owned abso lutely by the company 12 Cash in companys principal office 13 Cash belonging to the company depos ited in Athens Savings Bank Total cash items 362 50 2300 00 11 75 2220 70 2662 50 ATSsuedf PremiUm ntes uPn which policies have been 15 Interest due and accrued on stocks not includedin market value uncollected wuaea in 16 TeTd dUe and aCCrU6d n colatel loans anduncoi 17 Cash in hands of agents andin course of transmission Office furniture fixtures supplies andall other assets Total assets of the company actual cash market value HILIABILITIES 11 Total unearned premiums as computed above carried out 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus Pnai IVINCOME DURING THE YEAR 4 Gross premiums on risks written and re Fire Hlrt newed during the year 22M6 6 Deduct premiums and bills in course of collection at this date 4 621 61 28 in 2232 45 1560 25 30 00 77 41 4621 61 2765 81 1410 25 15350 28 10075 68 5274 60 15350 28434 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year Cash 1311229 notes 4 M 31606 I KQ M 8 Deduct reinsurance and reurni premiumsoobbJ 9 Net cash actually received for premiums carried out S lM 11 Received lor interests and dividends on stocks and bonds collateral loans and from all other sources n Cme received from all other sources 0 crease if any in value of secures viz s Interest 15 Aggregate amount of income actually received during the year in cash V EXPENDITURES DURING THE YEAR policyholders dividends declared during the year fi Paid for commissions or brokerage 1 67Q 0 5 Pa d or salaries fees expenses and other charges of officers clerks agents and all other employees 8 Paior State national and local taxes in tins and other States 405 48 9 All other payments and expenditures viz Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year 1001897 75 Fire marine and inland risks written Q Premiums received gross 3140 83 Losses paid BANKERS HEALTH AND LIFE INSURANCE Ou MAOON GA P C Carnes Secretary p L Hay President Principal Office 509 Second Street Macon Ga Joseph H HXhange Bank Bldg Attorney for Service in Georgia BALANCE SHEET Amount of net or ledger assets December 31st of pre vious year IT INCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 373 45 1 Membership feesCOMPTROLLERGENERALS REPORT 2 Annual dues Total paid by members 7 Cash received from all other sources viz President of the company 435 8343 85 8717 30 6230 70 Total income HIDISBURSEMENS DURING YEAR 1905 1 Losses and claims 2864 10 Total paid to members 5 Salaries and traveling expenses of man agers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 30665 taxes 12075 10 Advertising24620 blanks and printing 40640 11 All other items viz Attorneys fees and traveling expenses 25000 purchase of five 5 city of Atlanta water bonds 500000 5077 55 1248 00 427 40 652 60 5250 00 Total expenses Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 10 Total net or ledger assets as per balance on page 1 Total net or ledger assets less depreciation Business in Georgia during 1905 No Policies or certificates in force December 31 1904 1471 Policies or certificates written during the year 1905 38b8 Total 5339 2025 Deduct number and amount which have ceased to be in force during 1905 Total policies in force December 31 1905 3314 Losses and claims on policies or certificates incurred during the year 1905 Losses and claims on policies or certificates paid during the year 1905 14948 00 2864 10 12655 55 15519 65 5000 00 158 25 5158 25 Amount 32362 00 77360 00 109722 00 40507 00 69215 00 39 00 2864 1046 COMPTROLLERGENERALS REPORT THE COMMONWEALTH INSURANCE COMPANY ATLANTA GA W H Austin President A C Hubek Secretary Principal Office Temple Court Atlanta Ga IIINCOME DURING THE YEAR 1905 1 Membership fees HIDISBURSEMENTS DURING THE YEAR 1905 1 Losses and claims detailed schedule filed 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 18000 taxes 883 10 Advertising 11 All other items viz Stamps 9883 miscellaneous 2067 city license 7500 return premiums 9069 borrowed money 72532 Total disbursements IVINVESTED ASSETS 6 Cash in office 9 All other ledger assets Total net or ledger assets 843 49 1918 05 Total net or ledger assets less depreciation VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 20 Annual payments or premiums in pro cess of collection not yet due 21 Total due from members 22 Deduct estimated cost of collection 2262 31 344 26 2606 57 221 31 Net amount due from members All other assets viz Due from members not yet as sessed contingent liabilities as per bylaws Total assets VILIABILITIES 2 Losses in process of adjustment or ad 2650 00 1550 00 justed and not due No of claims 4 Less settled 4 Losses resisted by the company No of claims 2 Total liabilities 7304 13 500 00 2921 65 677 30 188 83 129 55 1014 31 5431 84 2761 54 1872 29 4633 83 2385 26 54819 80 61838 89 1100 00 1300 00 2400 00COMPTROLLERGENERALS REPORT Business in Georgia During 1905 Policies or certificates in force December 31 1904 73 Policies or certificates written during the year 1905 53 Ttalm Deduct number and amount which have ceased to be in force during 1905 5g Total policies in force December 31 1905 70 Losses and claims on policies or certificates incurred during the year 1905 5 Losses and claims on policies or certificates paid d uring the year 1905 2 437 Amount 45410 00 35050 00 80460 00 33587 00 46873 00 3450 00 1050 00 CONTINENTAL AID ASSOCIATION OF ATLANTA GEORGIA B M Cross President LeRoy Smith Secretary Principal Office Grant BuildingAtlanta Ga Walter McElreath Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previ ous year IIINCOME DURING YEAR 1905 1 Membership fees 2 Annual dues 692 82 15212 56 Total paid by members Cash received from all other sources viz Donations from officers Total income HIDISBURSEMENTS DURING THE YEAR 1905 1 Losses and claims t 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 38300 taxes 85319 10 Blanks and printing 11 All other items viz Miscellaneous expenses 829 76 15905 38 4845 38 20750 76 4593 55 160 00 9198 48 1266 37 742 19 176 25 586 50 Total disbursements 16723 29438 COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office All other ledger assets viz Furniture and fixtures 9 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 549 60 11924 90 21 Total due from members 22 Deduct estimated cost of collection 12474 50 2494 90 23 Net amount due from members Total assets VILIABILITIES 6 For salaries rents and office expenses Total liabilities Business in Georgia during 1905 5100 00 100 00 173 07 5373 07 9979 60 15352 67 515 84 No Policies or certificates in force December 81 1904 2279 Policies or certificates written during the year 1905 7484 9713 Total 5532 Deduct number and amount which have ceased to be in force during 1905 Total policies in force December 31 1905 4181 Losses and claims on policies or certificates incurred during the year 1905 Losses and claims on policies or certificates paid during the year 1905 515 84 Amount 71906 00 280617 00 352523 00 216404 25 136118 75 4593 55 4593 55COMPTROLLERGENERALS REPORT 439 COTTON MILL MUTUAL FIRE INSURANCE COMPANY OF GEORGIA P A Rhodes Secretary Jas P Verdery President Principal Office Broad Street Miller Walker Building Augusta Ga Bryan Cimming Augusta Attorney for Service in Georgia IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 11 Total amount loaned on stocks bonds and all other se curities except mortgages iq Oash belonging to the company deposited in bank Na 13 Cional Exchange Bank 54101 Planters LoarjSav ings Bank 120 Augusta Savings Bank 213653 Merchants Bank 102493 16 interest due and accrued on collateral loans and uncol 17 CaSt hands of agente and in course osioj All other assets both real and personal viz ConUngen assets 6000 00 10200 00 3703 67 434 80 1697 61 132043 35 Total assets of the company IIILIABILITIES actual cash market value 154079 43 480 60 G premiums Soutany deduction received and re 7 ce vable upon 111 unexpired fire risks running one year or less from date of policy 2756939 unearned pre miums fifty per cent 20 Total amount of all liabilities except net surplus 265 29 23 Surplus beyond all other liabilities 24 Aggregate amount of all liabilities including net surplus 154079 43 nISCOMli DURING THE YEAR 2396 24 3 Net collected 4 Gross premiums on risks written and re newed during the year 6 Deduct premiums and bills in course of collection at this date 1697 61 7 Entire premiums collected during the 25871 78 8 Deductreinsurance andreturn premiums440 COMPTROLLERGENERALS REPORT 9 Net cash actually received for premiums carried out I 24 482 41 10 Received for interest on bonds and mortgages JJ U Received for interests and dividends on stocks and bonds collateral loans and from all other sources rM K1 12 Income received from all other sources omitting increase if any m value of securities viz Rents 815 g 15 Aggregate amount of income actually received during the year m cash s 25992 49 VEXPENDITURES DUBING THE YEAR 3 Net amount paid during the year for losses 8RK Q9 stnfndS aCtUaUy Pald 8tockhoWers amountof stockholders dividends declared during the year 15 103 76 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 PasfatfesrState natinal and l0Cal taX6Sisandother 9 All other payments andexpenditures vizi Rent travel and office expenditures 3195 15 Aggregate amount of actual expenditures during the year in cash s 24319 16 Business in the State of Georgia during the year Fire risks written Premiums received gross 455171 00 Losses paid 3717 45 42 90 EMPIRE MUTUAL ANNUITY AND LIFE INSURANCE COMPANY OP GEORGIA G H Tanner President w t Wm W Reid Secrpfnrir Principal Office 510 to 514 Peters Building Atlanta Ga G H Tanner 510514 Peters Building Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of ous year previ 109087 60 IIINCOME DUBING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees first year premiums 34941 31COMPTROLLERGENERALS REPORT 2 Annual dues renewal 5 Interest Total income HIDISBURSEMENTS DUBING YEAB 1905 1 Losses and claims 5250 00 2 Annual payments and assessments return ed to members dividends Sj430 74 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 96500 taxes 92014 9 Advanced to officers and agents to be repaid out of future salaries or commissions 317976 less ret 168662 10 Advertising 199558 blanks and printing 95336 11 All other items viz License 38569 office expense 1 76997 furniture 7600 payment on reserve liability 1042621 Total disbursements 441 37856 36 1487 68 74285 35 13680 74 12168 75 5390 24 2712 00 7125 92 1885 14 1493 14 2948 94 12657 87 60062 74 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office and banks 7 Cash deposited in banks on reserved fund account Ad vance reserve 8 Agents ledger balances 9 All other ledgerassets viz Notes and liens on policies in force 2915669 furniture 133680 21937 50 5409 34 25000 00 40469 88 30493 49 Total net or ledger assets 123 310 21 VCONTINGENT ASSETS 12 Interest due 157568 and accrued 15037 19 Annual payments or premiums due and unpaid on memberships in force less than six months overdue 10136 83 1726 05442 COMPTROLLERGENERALS REPORT 20 Annual payments or premiums in process of collection not yet due deferred pre miumsJ 21 Total due from members 16335 42 22 Deduct estimated cost of collection 5 per cent 15518 65 23 Net amount due from members 7Q 24 All other assets 140554 91 Total assets VILIABILITIES 1 Losses due and unpaid present value future payments on installment policy claims 4 per cent 3 To officers or others for advances on account of expenses of organization 9 Amount of all other liability viz Reserve on policies m force December 30 1905 2701941 reserve liability on account of State deposit 1650000 less paid 10426 21 607379 56699 36 Total liabilities Business in Georgia during 1905 Policies or certificates in force December 31 1904 802 21 271 00 Policies or certificates written during the year 1905801 16110 1603 37381 00 Totiil Deduct number and amount which have ceased to be in force during 1905 Total policies in force December 31 1905L57 54 0 Losses and claims on policies or certificates incurred during the year 1905 Losses and claims on policies or certificates paid during the year 1905COMPTROLLERGENERALS REPORT 443 FARMERS FIRE INSURANCE COMPANY OF GEORGIA T M Douglas Secretary Thos F Hoixis President Principal Office Madison Ga W D Anderson Madison Attorney for Service in Georgia INCOME DUBING YEAB 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 254 04 3 Assessments 121 63 7 Cash received from all other sources j 375 67 Total income HIDISBUBSEMENTS DURING YEAB 1905 75 00 1 Losses and claims 5 00 Total paid to members 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 flee employees 45 g2 10 Blanks and printing 11 All other items viz Balance on hand in bank Decem ber 30 1905 375 67 Total disbursements IVINVESTED ASSETS 7 Cash deposited in banks on reserved fund account First National Bank of Madison Ga Business in Georgia during 1905 Losses and claims on policies or certificates paid during the year 1905 444 COMPTROLLERGENERALS REPORT FARMERS MUTUAL FIRE INSURANCE COMPANY OF FORT GAINES GEORGIA J W West President wTt r ivr kLi B Manning Secretary Principal Office Fort Gaines Ga Lee M Jobdan 823 Empire Building Atlanta Attorney for Service in Georgia IIINCOME DURING YEAE 1905 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 Total income 4895 00 1669 00 7506 00 14070 00 IIIDISBURSEMENTS DXJBING YEAR 1905 1 Losses and claims 7506 0Q Annual payments and assessments re turned to members 1336 00 Total paid to members 3 Commissions and fees retained by or paid to agents Total disbursements Business in Georgia during 1905 Total 8842 00 5228 00 14070 00 Policies or certificates in force December 31 1904 72 tZo 00 Polices or certificates written during the year 1905 947 979000 00 Deduct number and amount which have ceased to be in force during 1905 1709 1864000 00 104 195000 00 Total policies or certificates in force December 31 1905 1605 1669000 00 Losses and claims on policies or certificates unpaid December 31 1905 Losses and claims on policies or certificates incurred during the year 1905 6 31 1888 00 7506 00 Total Losses and claims on policies or certificates paid during the year 1905 37 25 9394 00 5618 00COMPTROLLERGENERALS REPORT 445 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF JACKSON GEORGIA J W Carmichael VicePresident John T Goodman Secretary ibalance sheet Amount of net or ledger assets December 31 of previous year IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 3420 68 3 Assessments for losses by Are 3515 00 Total income paid by members IllDISBURSEMENTS DURING YEAR 1905 1 Losses and claims by firej 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 8 Fees 10 Advertising 1000 blanks and printing 1350 11 All other items viz Rent stationery and incidentals 10 Total net or ledger assets VCONTINGENT ASSETS 1 2919 policies total amount The Farmers Cooperative Fire Insurance Company is strictly cooperative on the assessment plan on its mem bers 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 division 75 30 6935 68 3515 00 2010 70 430 00 794 78 40 00 23 50 73 49 Total disbursements 6887 47 IVINVESTED ASSETS 6 Cash in office 123 51 123 51 2657206 00 Business in Georgia during 1905 No Amount Policies or certificates in force December 31 1904 2337 1970130 00 Policies or certificates written during the year 1905 858 82428100 Total 3195 279441100446 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be frSroecemb3ii905j ww q Losses and claims on policies or certificates unpaid Decem ber 31 1904 Losses and claims on policies or certificates incurred during the year 1905 3515 00 Total THE GATE CITY FIRE INSURANCE COMPANY OP GEORGIA J L Caldwell President H B Cobb Secretary Principal Office Temple Court Pryor and Alabama Streets Atlanta Ga W1 Heywabd Atlanta Attorney for Service in Georgia GUARANTY AID AND RELIEF SOCIETY OF GEORGIA L E Williams President Walter S Scott Secretary Principal Office 468 West Broad Street Savannah Ga Sol C Johnson 116 St Julian Street West Savannah Attorney for Serv ice in Georgia IIINCOME DURING YEAR 1905 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 269 50 4085 71 Total paid by members 7 Cash received from all other sources viz Borrowed money Total income IIIDISBURSEMENTS DURING TEAR 1905 1 Losses and claims 1740 12 Total paid to members 3 Commissions and fees retained by or paid to agents 4355 21 1000 00 5355 21 1740 12 1242 60COMPTROLLERGENERALS REPORT 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 25500 taxes 11300 10 Advertising 7900 blanks and printing 162 11 All other items viz Incorporation 13000 postage ana incidentals 12266 paid on borrowed money 35000 Total disbursements jVINVESTED ASSETS 6 Cash in office 8 Agents ledger balances 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 368 55 7460 80 21 Total due from members 22 Deduct estimated cost of collection 1 7829 35 1957 34 23 Net amount due from members 24 All other assets viz Cash in office Total assets VILIABILITIES 8 To officers or others for advances on account of expenses of organization 447 809 80 264 00 368 00 241 15 602 66 5268 33 86 88 368 55 Total liabilities Business in Georgia during 1905 Policies or certificates written during the year1906 3918 Suet number and amount which have ceased to be No force during 1905 Total policies in force December 81 1905 2233 Losses and claims c u policies or certificates incurred during the year 905 518 Losses and claims on policies or certificates paid during the year 1905 455 43 5872 01 86 88 5958 650 00 650 00 Amount 88248 50 34663 50 53585 00 1740 12 1740 12448 COMPTROLLERGENERALS REPORT GEORGIA MUTUAL PIRE INSURANCE COMPANY OP GEORGIA S Wilson President T m W M Wilson Secretary W M Wilson Atlanta Attorney for Service in Georgia GEORGIA INDUSTRIAL INSURANCE COMPANY OP GEORGIA M C Wilcox President T J Browne Secretary Principal Office 418 Temple Court Atlanta Ga W I Heywabd Atlanta Attorney for Service in Georgi gia IIINCOME DUBING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 2 Annual dues premiums 2 828 26 Total paid by members SlTr0 S rriedover3 Total income HIDISBURSEMENTS DUBINO YEAR 1905 1 Losses and claims 906 imi managers of agencies Total paid to members 4 nd feeS M cers and 5 Salaries and traveling expenses of and general special and local agents 7 stLCTcompensof fflSandothe 8 Rent 24000 taxes 17 92 10 Ajlvertisin 6000 bankg 11 All other items viz Postage 11395 telegraph and tt cense fees 7500 p na u Total disbursements IVINVESTED ASSETS 6 Cash in office and treasurers hands Total net or ledger assets 2828 26 375 98 3204 24 906 00 1136 18 65 00 225 00 257 92 314 60 188 95 3093 65 110 59 110 59COMPTROLLERGENERALS REPORT 449 VCONTINGENT ASSETS 16 Due from members for claims not yet as sessed as per bylaws 46628 20 22 Deduct estimated cost of collection 250 00 23 Net amount due from members 46378 20 Total assets 46788 79 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 3 950 00 4 Losses resisted by the company number of claims 6 policies are void no liability 2650 00 Total liabilities 3600 00 Business in Georgia during 1905 t No Amount Policies or certificates in force December 31 1903 230 154130 00 Policies or certificates written during the year 1904 490 405028 50 Total 720 559158 50 Deduct number and amount which have ceased to be in force during 1904 282 243312 00 Total policies in force December 31 1904 438 315846 50 Losses and claims on policies or certificates incurred during the year 1904 7 950 00 Losses and claims on policies or certificates paid during the year 1904 3 906 00 THE GREAT SOUTHERN HOME INDUSTRIAL ASSOCIATION OF ALABAMA W L Laudekdale President E D Coleman Secretary Principal Office 1729 Third Avenue Birmingham Ala W L Dickson Atlanta Attorney for Service in Georgia ibalance sheet Amount of net or ledger assets December 31 of previous year 29 in 14257 80450 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 3270 08 2 Annual dues 26914 32 Total paid by members 5 Interest and rents Total income 30184 40 564 00 30748 40 IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 14244 25 Total paid to members 45 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 8 Rent 115100 taxes 5000 10 Advertising and printing 11 All other items viz Anniston bonds bought 500000 office furniture 100000 legal expenses 35000 li cense 21700 total 14244 25 6626 25 2004 00 1201 00 350 00 6567 00 Total disbursements 30992 50 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incum brances 6 Cash in office 7 Cash deposited in banks on reserved fund account Ala bama Penny Savings Bank All other deposits Anniston bonds bought deposited with the State Treasurer insurance department 8 Agents ledger balances 9 All other ledger assets viz Furniture 15500 00 450 00 505 25 6000 00 8500 00 1575 75 Total net or ledger assets 30044 70 VCONTINGENT ASSETS 12 Interest due 13 Rents due 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 64 00 500 00 15500 00 6000 00COMPTROLLERGENERALS REPORT 19 Annual payments or premiums due and unpaid on memberships in force 1300 00 20 Annual payments or premiums in process of collection not yet due 51500 00 21 Total due from members 52800 00 22 Deduct estimated cost of collection 10560 00 23 Net amount due from members VlLIABILITIES 6 For salaries rents and office expenses 8 To officers or others for advances on account of expenses of organization Total liabilities Business in the State of Georgia during 1905 No Policies or certificates written during the year 1905 6312 Deduct number and amount which have ceased to be in force during 1905 1241 Total policies in force December 31 1905 5071 Losses and claims on policies or certificates incurred during the year 1905 Losses and claims on policies or certificates paid during the year 1905 451 42240 00 500 00 300 00 800 00 Amount 684 84 176 50 508 34 1950 75 1950 75 THE GEORGIA COOPERATIVE FIRE ASSOCIATION OF GEORGIA W F Reid President Edw A 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 31 of previous year 357 44 IIINCOME DURING YEAK 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees annual dues and assess ments class B C and D 18149 23 Total paid by members 18149 23452 COMPTROLLERGENERALS REPORT 5 Ledger accounts 6 Other items 7 Bills payable Total income IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 3703 08 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 ledger accounts 5 Salaries and traveling expenses of managers of agencies and general special and local agents and attorneys 7 Salaries and other compensation of officers and other of fice employees 8 Rents and taxes 10 Sundry bills 40042 blanks and printing 21578 11 All other items viz Bills payable 15 00 198 51 300 00 18662 74 3703 08 8747 85 779 47 1206 66 1828 29 726 19 616 20 450 00 Total disbursements 18057 74 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incum brances 6 Cash in office and banks Chatham and Commercial All other deposits notes 8 Agents ledger balances 9 All other ledger assets viz Charter and office fixtures 60000 material 50000 50 00 792 66 169 78 821 47 1100 00 Total net or ledger assets 2933 91 VCONTINGENT ASSETS 18 Mortuary assessments not yet due B weekly 5522 40 19 Annual payments or premiums due and unpaid on memberships in force C monthly 15097 80 20 Annual payments or premiums in process of collection not yet due D yearly 3685 27 21 Total due from members 24305 47 22 Deduct estimated cost of collection 4861 08 23 Net amount due from members Total assets 19444 39 22388 30 COMPTROLLERGENERALS REPORT 453 VILIABILITIES 7 Bills payable 300 00 Total liabilities Business in Georgia during 1905 No B weekly 992 C monthly 1928 D yearly 482 Losses and claims on policies or certificates incurred during the year 1905 49 3703 08 Losses and claims on policies or certificates paid during the year 1906 49 3703 08 300 00 Amount 106 20 1258 15 3685 27 GEORGIA LIVE STOCK INSURANCE COMPANY OP GEORGIA R N Poston President Jas J Roberts Secretary Principal Office Corner Love Avenue and Second Street Tifton Ga Jas J Roberts Tifton Attorney for Service in Georgia IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 161 25 Total paid by members 161 25 7 Cash received from all other sources viz Paid in by in corporated 200 00 Total income 361 25 IIIDISBURSEMENTS DURING YEAR 1905 3 Commissions and fees retained by or paid to agents 7 Salaries and other compensation of officers and other of fice employees 8 Rent 1500 taxes 4000 10 Advertising 510 blanks and printing 4250 11 All other items viz Charter fee 10000 office fixtures and postage 3040 80 63 30 00 55 00 47 60 130 40 Total disbursements 343 63454 COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 7 Cash deposited in bank Citizens Bank of Tifton 17 62 Total net or ledger assets 17 62 VILIABILITIES 8 To officers or others for advances on account of expenses of organization 200 00 Total liabilities Business in Georgia during 1905 No Policies or certificates written during the year 1905 39 Deduct number and amount which have ceased to be in force during 1905 1 Total policies in force December 31 1905 38 5155 00 200 00 Amount 5255 00 100 00 HOME FRIENDLY SOCIETY OF MARYLAND Geo A Chase President B L Taliky Secretary Principal Office Austell Building Atlanta Ga Geo L DeGant Atlanta Attorney for Service in Georgia IBALANCE sheet Amount of net or ledger assets December 31st of previous year 4448159 IIINCOME DURING TEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 809 56 3 Assessments 290434 38 4 For duplicates 3820 stationery 23592 274 12 Total paid by members 291518 06 5 Interest 392 00 6 Rents 60 00 7 Cash received from all other sources viz Advance to agents repaid 83826 agents bonds 41600 from in surance on building burned 04 255000 3804 26 Total income 295774 32COMPTROLLERGENERALS REPORT 455 IIIDISBURSEMENTS DUKING YEAH 1905 1 Losses and claims 140339 31 2 Annual payments and assessments re turned to members 2012 65 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 192000 taxes 194899 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 54375 expenseaccount 421828 real estate 150761 furniture 17970 in terest 30960 attorney fees 22500 agents bonds re turned 19100 Cost value of real estate in cash exclusive of all incumbrances Cost value of bonds and stocks owned ab solutely Cash in office Cash deposited in banks Old Town Bank 932399 American Bonding and Trust Co 101018 on deposit at agen cies 251018 total 8660 00 29476 85 9816 69 12844 35 Total net or ledger assets VCONTINGENT ASSETS 12 Interest due 20350 and accrued 22516 13 Balance due on fire insurance 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 17 Mortuary assessments due and unpaid on memberships in force 22 Deduct estimated cost of collection 4299 75 644 95 23 Net amount due from members Total assets 142351 96 61604 59 29483 00 2345 50 27807 04 3868 99 926 14 3895 44 7174 94 Total disbursements 279458 20 IVINVESTED ASSETS 60797 71 428 66 3875 00 16750 00 168 65 3654 80 85674 82456 COMPTROLLERGENERALS REPORT VILIABILITIES 1 Losses due and unpaid number of claims 2 2000 00 2 Losses in process of adjustment or adjusted and not due number of claims 2 1000 00 Total liabilities 3000 00 Business in Georgia during 1905 No Amount Policies or certificates in force December 31 1904 3936 275520 00 Policies or certificates written during the year 1905 3138 219590 00 Total 7074 495110 00 Deduct number and amount which have ceased to be in force during 1905 1464 97470 00 Total policies in force December 31 1905 5610 397640 00 Losses and claims on policies or certificates incurred during the year 1905 3369 13956 51 Losses and claims on policies or certificates paid during the year 1905 3368 13456 51 INDUSTRIAL LIFE AND HEALTH INSURANCE CO OP GEORGIA John N McEacherk President I M Sheffield Secretary Principal Office 503 Austell Building Atlanta Ga Walter McElreath 518 Peters Building Atlanta Attorney for Service in Georgia 1halaxci sheet Amount of net or ledger assets December 31st of previous year f 17758 22 IIINCOME DIKING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 11065 95 2 Annual dues 342249 95 Total paid by members 353315 90 5 Interest 260 00 Total income 353575 90COMPTROLLERGENERALS REPORT 457 IIIDISBURSEMENTS DURING YEAB 1905 1 Losses and claims Death 2055915 sick 9111625 111675 40 2 Annual payments and assessments re turned to members 3390 75 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 6 Medical examiners fees whether paid direct by members or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rent 521619 taxes 522846 10 Advertising 320394 blanks and printing 236464 11 All other items viz Postage and exchange 158233 Furniture 160647 attorney fees 36928 fuel 232 27 sundries 63837 total Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks Third National Bank Atlanta 214088 Carolina Trust Co Raleigh N C 50000 9 All other ledger assets viz Loan Ga Loan Co Total net or ledger assets VCONTINGENT ASSETS 12 Interest due and accrued 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force 3500 00 20 Annual payments or premiums in process of collection payable weekly not yet due 168000 00 21 Total due from members 171500 00 22 Deduct estimated cost of collection 20 per cent 34300 00 23 Net amount due from members 24 All other assets viz Furniture 740600 books and blanks 200000 Total assets 115066 15 150052 90 42125 22 6721 02 1 00 5160 00 10444 05 5568 58 4428 72 339568 24 25000 00 125 00 2640 88 4000 00 31765 88 200 00 1127 40 137200 00 9406 00 179699 28458 COMPTROLLERGENERALS REPORT VILIABILITIES 9 Amount of liability Printing 1725 00 Total liabilities 1725 00 Business in Georgia luring 1905 No Amount Policies or certificates in force December 31 1904 37635 909240 00 Policies or certificates written during the year 1905 37757 934925 00 Total 75392 1S53165 00 Deduct number and amount which have ceased to be in force during 1905 36984 924500 00 Total policies in force December 31 190538408 928665 00 THE MUTUAL FIRE INSURANCE COMPANY OF CORDELE GA M J Morris President J G Portes Secretary Principal Office Pounds Building Cordele Ga W H Dorris Cordele Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 2226 24 IIINCOME DURING YEAR 1905 Total paid by members 2226 24 Total income 2226 24 IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 500 00 Total paid to members 500 00 3 Commissions and fees retained by or paid to agents 556 56 4 Commissions and fees retained by or paid to officers and directors 280 00 5 Salaries and traveling expenses of managers of agencies and general special and local agents traveling ex penses 170 73 8 Rent 4 00 9 Advanced to officers and agents to be repaid out of future salaries or commissions 92 501964 55 100 00 161 69 COMPTROLLERGENERALS REPORT 459 10 Advertising 2400 blanks and printing 32523 349 23 11 All other items viz Attorney fees 67 53 Total disbursements IVINVESTED ASSETS 7 Cash deposited in bank Cordele National Bank Cordele Ga All other deposits Cordele National Bank Cordele Ga Total net or ledger assets Business in Georgia during 190o No Policies or certificates in force December 31 1905 500 Policies or certificates written during the year 1905 505 Deduct number and amount which have ceased to be in force during 1905 5 40 50 Total policies in force December 31 1905 500 Losses and claims on policies or certificates incurred during the year 1905 500 00 Losses and claims on policies or certificates paid during the year 1905 500 00 261 69 Amount 2226 24 MUTUAL LIVE STOCK INSURANCE COMPANY OF GEORGIA G E Deadwyler Jr President M M Stephen sou Athens Attorney for Service in Georgia METROPOLITAN MUTUAL BENEFIT ASSOCIATION OF GEORGIA P Sheridan Ball President L C Collins Secretary Principal Office 47 East Hunter St Atlanta Ga W A Wright Atlanta Attorney for Service in Georgia 1balance sheet Amount of net or ledger assets December 31st of previous year 245 75 11income during year 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 4850 20 2 Annual dues 15500 05 Total paid by members 20350 25 I460 COMPTROLLERGENERALS REPORT 7 Cash received from all other sources viz Metropolitan Mercantile and Realty Company Total income IIIDISBURSEMENTS DURING YEAB 1905 1 Losses and claims 7980 25 Total paid to members 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 62600 taxes 43500 10 Advertising 23000 blanks and printing 52091 11 All other items viz Bonds City of Atlanta fuel lights and telephone 5000 00 25350 25 7980 25 5005 07 1835 02 1500 00 1640 00 1061 00 750 91 5263 00 Total disbursements 25035 25 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks Metropolitan Mercantile and Realty Company Savings Total net or ledger assets 5200 00 60 75 500 00 5760 75 VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 13500 05 21 Total due from members 13500 05 22 Deduct estimated cost of collection 4050 01 23 Net amount due from members 9450 04 Total assets 15210 79 VILIABILITIES 7 Borrowed money 5000 00 Total liabilities 5000 00COMPTROLLERGENERALS REPORT 461 Business in the State of Georgia during 1905 No Amount Policies or certificates in force December 31 1904 4900 122500 00 Policies or certificates written during the year 1905 7383 184575 00 Total 12283 307075 00 Deduct number and amount which have ceased to be in force during 1905 1106 27650 00 Total policies in force December 31 190511177 279425 00 Losses and claims on policies or certificates incurred during the year 1905 3350 7980 25 Losses and claims on policies or certificates paid during the year 1905 3350 7980 25 MACON LIVE STOCK INSURANCE COMPANY OP GEORGIA W B Hattaway President F P Mansfield Secretary Principal Office Exchange Bank Building Corner Third and Cherry Streets Macon Ga P P Mansfield 26 and 27 Exchange Bank Macon Attorney for Service in Georgia MUTUAL BENEFIT LIFE INSURANCE COMPANY OF GEORGIA Allen V Simms President Lowndes W Shaw Secretary IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 16241 00 2 Annual dues 2561 50 3 Assessments 5706 30 Total paid by members Total income IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 4962 00 Total paid to members 3 Commissions and fees retained by or paid to agents 24508 80 24508 80 4962 00 8120 75462 COMPTROLLERGENERALS REPORT 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 10 Advertising 60000 blanks and printing 75000 11 All other items viz License municipal 9000 paid In surance Department of Georgia 10250 of Alabama 10100 Total disbursements t IVINVESTED ASSETS 7 Cash deposited in banks Valdosta 58000 Nashville 52000 Quitman 70000 Moultrie 10000 Bain bridge 40000 Dawson 30000 total All other deposits Citizens Bank Valdosta 9 All other ledger assets viz Office fixtures and furniture Total net or ledger assets Business in Georgia during 1905 No Policies or certificates written during the year 1905 3247 Losses and claims on policies or certificates incurred during the year 1905 14 Losses and claims on policies or certificates paid during the year 1905 14 744 30 620 00 1370 00 1350 00 203 50 17460 55 2300 00 3660 00 668 25 6928 25 Amount 14611 50 4959 00 4959 00 MUTUAL LIFE INDUSTRIAL ASSOCIATION OF GEORGIA Jas L Webb President Jno A Dabwin Secretary Principal Office 15 College Avenue Athens Ga IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 55514 61 IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 63701 SO 2 Annual dues 17516 25 3 Assessments 150804 10 Total paid by members 232022 15 Total income 232022 15COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 131134 00 463 Total paid to members 131134 00 3 Commissions and fees retained by or paid to agents 47835 64 4 Commissions and fees retained by or paid to officers and directors 19670 10 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7604 59 7 Salaries and other compensation of officers and other office employees 6362 42 8 Rent 24996 taxes 77079 1020 75 10 Advertising 129823 blanks and printing 159206 2890 29 11 All other items viz Postage 174024 express 11719 exchange 1089 all other expense 964932 11517 64 Total disbursements 228035 43 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office and Ga Nat Bank 7 Cash deposited in other banks 8 Agents ledger balances Total net or ledger assets 20000 00 4400 14 33779 00 1322 19 59501 33 VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost Total assets Business in Georgia during 1905 No Policies or certificates in force December 31 1904 23257 Policies or certificates written during the year 190511631 Total 34888 Deduct number which have ceased to be in force during 1905 7644 4000 00 63501 33 Total policies in force December 31 190527244 15437457 00 Losses and claims on policies or certificates incurred during the year 1905 114731 00 Losses and claims on policies or certificates paid during the year 1905 114731 00464 COMPTROLLERGENERALS REPORT MUTUAL FIRE INDEMNITY ASSOCIATION OF GEORGIA Geo S Murphy President A H Merry Secretary Principal Office Dyer Building 802 Broad St Augusta Ga Geo S Mubphey Augusta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 10825 17 IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 3 Assessments 2159 06 Total paid by members 2159 06 5 Interest 172 43 Total income 2331 49 IIIDISBURSEMENTS DURING YEAR 1905 2 Annual payments and assessments re turned to members 426 00 Total paid to members 426 00 4 Commissions and fees retained by or paid to officers and directors 239 65 8 Taxes 179 00 11 All other items viz Sinking fund 743 18 Total disbursements 1587 83 IVINVESTED ASSETS 7 Cash deposited in banks Planters Loan and Savings Bank 198367 bills receivable 465000 6633 67 All other deposits Set aside for reserve fund and loaned on real estate deeds 4935 16 Total net or ledger assets 11568 83 VILIABILITIES 9 Amount of all liability viz Premiums paid for ad vanced assessments 600 00 Total liabilities 600 00 Business in Georgia during 1905 No Amount Policies or certificates in force December 31 1905 63 113050 00COMPTROLLERGENERALS REPORT 465 PILGRIM HEALTH AND LIFE INSURANCE COMPANY OF GEORGIA A B Powell President Thomas J Walkee Secretary Principal Office 11111113 Ninth Street Augusta Ga W A Wright Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR 1905 Gross amount paid by members to the association or its agents without deductions for commissions or other ex penses as follows 1 Membership fees 1044 00 2 Annual dues 15660 10 Total paid by members Total income IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 5568 03 Total paid to membersf 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 20306 taxes 17500 10 Advertising 8300 blanks and printing 16500 11 All other items viz Office furniture and fixtures 200 30 postage and expressage 18655 Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks IrishAmerican Bank 8 Agents ledger balances Total net or ledger 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 923 77 28760 10 16704 10 16704 10 5568 03 5782 18 417 60 2784 00 835 20 378 06 248 00 386 45 16399 52 5200 00 100 00 204 58 923 77 6428 35 30 in466 COMPTROLLERGENERALS REPORT 21 Total due from members 29683 87 22 Deduct estimated cost ot collection 5936 77 23 Net amount due from members 23747 10 24 All other assets viz Cash in office and bank 304 58 Total assets 24051 68 VILIABILITIES 9 Amount of all other liability viz Printing 175 00 Total liabilities 175 00 Business in Georgia during 1905 No Amount Policies or certificates in force December 31 1905 14769 295380 00 Policies or certificates written during the year 190514769 295380 00 Total 14769 2953S0 00 Deduct number and amount which have ceased to be in force during 1905 1860 37200 00 Total policies in force December 31 190512909 258180 00 Losses and claims on policies or certificates incurred during the year 1905 5568 03 Losses and claims on policies or certificates paid during the year 1905 5568 03 SOUTH GEORGIA FARMERS FIRE INSURANCE ASSOCIATION N R Spengler President Robert Alexander Secretary Principal Office Thomasville Ga E L Neel Thomasville Attorney for Service in Georgia IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 96 98 3 Assessments 343 50 Total paid by members 440 48 7 Cash received from all other sources 156 00 Total income 596 48COMPTROLLERGENERALS REPORT 457 IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 300 00 4 Commissions and fees retained by or paid to officers and directors 42 16 7 Salaries and other compensation of officers and other of fice employees 54 80 10 Advertising 1800 blanks and printing 300 21 00 11 All other items viz Charter and license 14340 certi fied copy charter 250 145 90 Total disbursements 563 86 IVINVESTED ASSETS 6 Cash in office 32 62 Total net or ledger assets 32 62 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 5 345 00 Total liabilities 345 00 Business in Georgia during 1905 No Amount Policies or certificates in force December 31 1905 421 400000 00 Policies or certificates written during the year 1905 21 17815 00 Total policies in force December 31 1905 421 400000 00 Losses and claims on policies or certificates unpaid Decem ber 31 1905 43 50 Losses and claims on policies or certificates incurred during the year 1905 645 00 Total 688 50 Losses and claims on policies or certificates paid during the year 1905 300 00468 COMPTROLLERGENERALS REPORT SOUTHERN LIVE STOCK INSURANCE COMPANY OP GEORGIA W C Willis President J C Wilkinson Secretary Principal Office Valdosta Ga iiincome during teak 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 3743 00 2 Annual dues 3 Assessments Total paid by members 304 00 Total income IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 500 00 Total paid to members 3 Commissions and fees retained by or paid to agents 5 Traveling expenses of managers 7 Salaries and other compensation of officers and other of fice employees 8 Rent 10 Advertising 6489 blanks and printing 29650 11 All other items viz Furniture and fixtures 21382 postage 10018 State license 5500 freight and ex press 3187 general expense including charter 171 96 total Total net or ledger assets VCONTINGENT ASSETS 16 Due from members for claims not yet as sessed 20 Annual payments or premiums in process of collection not yet due 200 00 474 00 4803 00 4803 00 500 00 638 00 59 56 411 34 30 00 361 39 572 83 Total disbursements 3573 12 IVINVESTED ASSETS 6 Cashin officeI 00 00 7 Cash deposited in banks on reserved fund account First National Bank Valdosta Ga L229 88 1529 88 23 Net amount due from members 674 002766 88 478 64 662 24 COMPTROLLERGENERALS REPORT 469 24 All other assets viz Supplies 35000 furniture and fixtures 21300 563 00 Total assets VILIABILITIES 6 For salaries rents and office expenses 7 Borrowed money Total liabilities Business in Georgia during 1905 No Policies or certificates written during the year 1905 1400 Deduct number and amount which have ceased to be in force during 1905 270 Total policies in force December 31 1905 1130 Losses and claims on policies or certificates incurred during the year 1905 5 500 00 Losses and claims on policies or certificates paid during the year 1905 5 500 00 1140 88 Amount SOUTHERN MUTUAL LIFE INSURANCE ASSOCIATION OF GEORGIA A D Candler President Thos C Candler Secretary Principal Office 305 and 306 Century Building Atlanta Ga Allen D Candler Atlanta Attorney for Service in Georgia 1balance sheet Amount of net or ledger assets December 31 of previous year 9355 56 IIINCOME DURING YEAR 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 31895 59 2 Annual dues 6919 66 3 Assessments 61619 40 Total paid by members 100434 65 Total income 100434 65470 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DUBING YEAB 1905 1 Losses and claims 54725 00 Total paid by members 3 Commissions and fees retained by or paid to agents 4 Commissions cost of collecting assessments 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of office employees 8 Rent 42000 taxes 62785 9 Advanced agents to be repaid out of future salaries or commissions 10 Advertising 71005 blanks and printing 52145 11 All other items viz Exchange 1901 postage 1542 28 supplies 15189 other items 37716 compensa tion of officers 269911 total 54725 00 15458 13 8304 60 3932 27 3614 25 1047 85 415 53 1231 50 4789 45 Total disbursements 93518 58 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 55676 37 6 Cash in office of treasurer 6433 26 7 Cash deposited in mortuary fund account In hands of branch treasurers deposited in local banks 12033 00 Total net or ledger assets VILIABILITIES 8 To officers or others for advances on account of expenses of organization 9 Amount of all other liability viz Agents balances 74142 63 1750 00 444 63 Total liabilities 2194 63 Business in Georgia during 190o No Policies or certificates in force December 31 1904 7244 Policies or certificates written during the year 1905 7507 Amount 1919430 00 2102977 00 Total14751 4022407 00 Deduct number and amount which have ceased to be in force during 1905 3146 729028 00 Total policies in force December 31 190511605 3293379 00 Losses and claims on policies or certificates incurred during the year 1905 118 54725 00 Losses and claims on policies or certificates paid during the year 1905 118 54725 00COMPTROLLERGENERALS REPORT 471 SUNLIGHT INSURANCE COMPANY OF GEORGIA S J Sheffield President E Y Crockett Secretary Principal Office 221 Peoples Building Atlanta Ga Walteb McElreath 518 Peters Building Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets May 1 1905 IIINCOME DURING YEAB 1905 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows Membership fees 88 60 2 Annual dues 675 75 Total paid by members Total income IIIDISBURSEMENTS DURING TEAR 1905 3 Commissions and fees retained by or paid to agents 7 Salaries and other compensation of officers and other of fice employees 8 Rent 5150 taxes 4300 10 Blanks and printing Total net or ledger assets VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 111 75 20 Annual payments or premiums in process of collection not yet due 2496 00 21 Total due from members 2607 75 22 Deduct estimated cost of collection 25 per cent 651 94 280 90 764 35 764 35 334 37 257 00 94 50 86 34 Total disbursements 772 21 IVINVESTED ASSETS 6 Cash in office 42 14 7 Cash deposited in banks on reserved fund account Fourth National Bank Atlanta Ga 250 00 273 04472 COMPTROLLERGENERALS REPORT 23 Net amount due from members 1955 81 24 All other assets viz Office furniture 3000 books and blanks 7500 total 105 00 Total assets Business in Georgia during 1905 No Policies or certificates written during the year 1905 628 Deduct number and amount which have ceased to be in force during 1905 235 Total policies in force December 31 1905 393 48800 00 2333 85 Amount 88600 00 39800 00 SOUTHERN LIFE AND HEALTH INSURANCE COMPANY OP GEORGIA W H Hallman President H D Sorrells Secretary Principal Office 511 Temple Court Building Atlanta Ga Walter McElreath 518 Peters Building Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets May 24 1906 5500 00 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 5000 00 7 Cash deposited in bank Third National Bank of Atlanta 500 00 Total net or ledger assets 5500 00 VCONTINGENT ASSETS 24 All other assets viz Office furniture and fixtures in of fice at 511 Temple Court Building Atlanta 12500 printed matter and stationery in office 15000 total 275 00 Total assets 5775 00COMPTROLLERGENERALS REPORT 473 THE SOUTHERN LIFE INSURANCE COMPANY OP GEORGIA J M Bell President L C Haye Secretary Principal Office 212 Lee Street Dawson Ga SOUTHERN COOPERATIVE LIVE STOCK INSURANCE COMPANY OF ATHENS GEORGIA Jno N Booth President L J Gaissert Secretary SOUTHEASTERN MUTUAL FIRE INSURANCE COMPANY OF MACON GEORGIA J E Mansfield President H E Harbison Secretary Principal Office 26 and 27 Exchange Bank Building Macon Ga F P Mansfield 26 and 27 Exchange Bank Corner Cherry and Third Streets Macon Attorney for Service in Georgia SOUTHERN MUTUAL LIVE STOCK ASSOCIATION OF ELBERTON GA J H Blackwell President W D Seymore Secretary Principal Office Corner Elbert and Oliver Streets Elberton Ga UNION FIRE INSURANCE COMPANY ATLANTA GA S C McEachern President J E Babb Secretary Principal Office 25 Inman Building Atlanta Ga Walter McElreath Atlanta Attorney for Service in Georgia ICAPITAL No capital stockpurely mutual Organized on the cooperative or mu tual assessment plan IIASSETS 12 Cash in companys principal office 500 00 Total cash items 500 00 VEXPENDITURES DURING THE YEAR 9 All other payments and expenditures viz Fee Secre tary State for incorporation 10000 certificate of authority agents license etc 4300 rent 1600 office furniture 10000 printing 10000 total 373 00474 COMPTROLLERGENERALS REPORT UNION BENEFIT LIFE ASSOCIATION OF SAVANNAH GA Julian Smith President Guo Jacobs Secretary Principal Office No 20 State Street West Savannah W B Stubbs SorrellBldg Savannah Attorney for Service in Georgia IBALANCE SHEET Cash on hand July 1st 1905 799 64 IIINCOME DURING YEAR 1905 3 Assessments Total paid by members 7 Cash received from all other sources viz Notes from bank 6371 96 6371 96 4125 00 Total income IIIDISBURSEMENTS DURING YEAR 1905 1 Losses and claims 3 Commissions and fees retained by or paid to agents offi cers and directors 8 Rent taxes commuted commissions advanced to officers and agents to be repaid out of future salaries or com missions 11 All other items viz Discount notes 10496 96 1102 16 3609 27 1162 IS 78 27 Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 7 Cash deposited in banks on reserved fund account Chatham and Germania 9 All other ledger assets viz Charter if 100 00 office fur niture and printing material 62740 total Total net or ledger assets 5941 88 5180 00 174 72 727 40 6082 12 VCONTINGENT ASSETS 20 Annual payments or premiums in proc ess of collection not yet due 21 Total due from members 22 Deduct estimated cost of collection 23 Net amount due from members Total assets 16538 60 16538 60 2408 79 14129 81 20211 93COMPTROLLERGENERALS REPORT VILIABILITIES 7 Borrowed money Total liabilities Business in Georgia during 1905 No Policies or certificates written during the year3463 Deduct number and amount which have ceased to be in force during 1905 340 Total policies in force December 31 1905 3123 Losses and claims on policies or certificates incurred and paid during the year 1905 475 4125 00 4125 00 Amount 354 60 36 55 318 05 1102 16 UNION MUTUAL ASSOCIATION OF GEORGIA T W Walker President Wm Dbiskell Secretary Principal Office 212 Auburn Ave Atlanta Ga H L Johnson 12J Piedmont Ave Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previ ous year IIINCOME DURING YEAR 1905 1 Membership fees 2 Annual dues 173815 52963 17 Total paid by members 7 Cash received from all other sources viz 60 deficiency 60804 Revivals 251 Total income 2 3 4 5 10 IIIDISBURSEMENTS DURING YEAR 1905 Annual payments and assessments returned to members Commissions and fees retained by or paid to agents Commissions and fees retained by or paid to officers and directors Salaries and traveling expenses of managers of agencies and general special and local agents Salaries and other compensation of officers and other office employees Rent 100227 taxes 85120 Advertising 16455 blanks and printing 40939 259 40 54701 32 859 64 55560 96 20640 93 16112 41 1292 98 10318 68 3042 33 1853 47 573 94476 COMPTROLLERGENERALS REPORT 11 All other items viz Furniture 159833 expressage 2815 postage 28828 miscellaneous 38354 Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office All other deposits Alabama Penny Savings and Loan Co Birmingham Ala 8 Agents ledger balances 1298 30 55133 04 5100 00 157 32 530 00 1854 05 Total net or ledger assets VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force 20 Annual payments or premiums in process of collection not yet due 1854 05 82401 80 21 Total due from members 22 Deduct estimated cost of collection 84255 85 16851 17 23 Net amount due from members Furniture and fixtures Total assetsf VILIABILITIES Borrowed money including 154501 interest due or ac crued Amount of all other liability viz Fixtures Total liabilities Business done in Georgia during 1905 No Policies or certificates in force December 31 190513612 Polcies or certificates written during the year 1905 15146 Total28758 Deduct number and amount which have ceased to be in force during 190516633 Losses and claims on policies or certificates incurred during the year 1905io i0i Losses and claims on ipolicies or certificates paid during the year 1905q qq 7541 37 5100 00 67404 68 1650 00 74154 68 5645 00 108 84 5743 84 Amount 393258 35 412535 80 805794 15 415837 50 Total policies or certificates in force December 81i 190512125 389956 65 30830 93 30830 93COMPTROLLERGENERALS REPORT 477 UNITED LIVE STOCK INSURANCE COMPANY BAINBRIDGE GA J C McCaskill President M B Hammond Secretary ETNA INDEMNITY COMPANY OF HARTFORD CONN Arthur P Heinze President Charles I Brooks Secretary Home Office 36 Pearl Street Hartford Conn Fair Dodd 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 3 Increase of paidup capital during the year 839365 87 125068 18 Extended at 964434 05 3 IIINCOME Gross premiums unpaid December 31 last year Fidelity 11229506 surety 55 67402 plate glass 1994288 burglary and theft 5165656 Gross premiums written and renewed during the year Fidelity 8048167 surety 31055137 plate glass 93 25524 burglary and theft 20612261 Total Deduct gross premiums now in course of collection Fidelity1481689 surety 7526092 plate glass 2186222 bur glary and theft 53196 71 13956852 690410 89 829979 41 165136 74 4 Entire premiums collected during the year Fidelity 7795984 surety 290 96447 plate glass 9133590 burgla ry and theft 20458246 5 Deduct reinsurance return premiums and cancellations Fidelity2075714 sure ty 1859068 plate glass 1480303 burglary and theft 7668164 18 Total net cash actually received for premiums 664842 67 160835 49 504007 18478 COMPTROLLERGENERALS REPORT 21 Interest on bonds and dividends on stock 22 Interest from all other sources 19522 20 14316 54 24 Total interest and rents 33838 74 25 Profit on sale or maturity of ledger assets New York Central Hudson River R R 4 per cent gold bonds 62500 Reading R R 1st preferred stock 70625 Southern Railway preferred stock 337E0 Southern Pacific R K 1st cons 5 per cent gold bonds 5000 1718 75 From all other sources Miscellaneous income 220133 premium on increased capital stock carried to surplus account 15008182 152283 15 30 36 Total income 691847 82 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 7927 97 surety 9867609 plate glass 2935352 burglary and theft 58449 84 194407 42 2 Deduct salvage and reinsurance Fidel ity 156498 surety 1025350 plate glass 96814 burglary and theft 6 79259 19579 21 Total 14 Investigati n and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Fidelity 329010 surety 2093980 burglary and theft 2479 94 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 1043851 surety 5402640 plate glass 2741920 burglary and theft 3386811 23 Salaries fees and all other compensation of officers and home office employees Salaries traveling and all other expenses of agents not paid by commissions Rents 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 telephone telegraphetc 35 Furniture and fixtures 36 Loss on sale or maturity of ledger assets New York City corporate stock 40 All other disbursements Traveling office and general expenses 24 27 30 174828 21 26709 84 125752 22 84273 65 37367 43 19876 81 19651 12 18464 74 3717 51 16676 13 12612 12 1862 35 13 74 17020 80 45 Total disbursements 558826 67COMPTROLLERGENERALS REPORT 479 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 600 00 4 Book value of bonds excluding interest 37354125 and of stocks 36512500 738666 25 5 Cash in companys office 606711 deposited in banks 34941020 355477 31 7 Other ledger assets Premium balances due from agents 31164 judgment secured by real estate valued over incumbrances at 240000 2711 64 11 Ledger assets 1097455 20 NONLEDGER ASSETS 13 Interest due and accrued on bonds 4440 29 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Fidelity 870497 surety 3780651 plate glass 17670 84 burglary and theft 1365909 107841 41 On policies or renewals issued prior to October 1 1905 Fidelity 611192 surety 3745441 plate glass 1191 38 burglary and theft 9537 62 57295 33 Total 165136 74 34 Other nonledger assets viz Real estate at Depew N Y taken as salvage prior to 1905 200 00 37 Gross assets 1267232 23 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 57295 33 44 Book value of ledger assets over market value 14373 75 Total assets not admitted 71669 08 51 Admitted assets 1195563 15 VLIABILITIES 1 Losses and claims in process of adjust ment Fidelity 50137 surety 28 75473 plate glass 198926 burglary and theft 790524 39150 60 Reported proofs not received Burglary and theft 5501 47 Resisted Fidelity 475000 surety 11 25000 burglary and theft 61150 16611 50 13 Total 61263 57 14 Deduct reinsurance 2434 87480 COMPTROLLERGENERALS REPORT 17 Total unpaid claims and expense of settlements 58828 70 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 521458 34 un earned premiums 50 per cent 260729 17 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 31880614 unearned premiums pro rata 10582 69 20 Total unearned premiums 271311 86 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1905 viz Fidelity 190180 surety902584 plate glass 432905 burglary and theft 978232 25039 01 29 Return premiums 2648 57 30 Reinsurance 5 229 10 31 Other liabilities viz Miscellaneous 2180 33 39 Contingent fund voluntarily set aside by the company 100000 00 40 Total amount of liabilities except capital 465237 57 41 Capital actually paid up in cash 500000 00 42 Surplus over all liabilities 230325 58 43 Surplus as regards policyholders 730325 58 44 Total liabilities 1195563 15 Business in the State of Georgia during 1905 Fidelity Surety Gross premiums received on risks written or renewed during the year 715 82 10053 13 S Gross losses paid 178 61 455 65 Gross losses incurred 178 61 455 65 Plate Glass Burglaiy anclTnett 481 28 209 32 209 32 392 22 1642 96 1642 96 AMERICAN BONDING COMPANY OF BALTIMORE MARYLAND Gborge Catob President William E P Duvall Secretary Home Office Equitable Building Baltimore Md ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 1904 1642806 00 3 Decrease of paidup capital during the year 313887 95 3 Extended at 1328918 05COMPTROLLERGENERALS REPORT 481 IIINCOME Gross premiums unpaid December 31 last year Fidelity and surety 10745680 burglary and theft 151287f 108969 67 Gross premiums written and renewed dur ing the year Fidelity and surety 716 80569 burglary and theft 8883603 805641 72 Total 91461139 Deduct gross premiums now in course of collection Fidelity and surety 122 76374 burglary and theft 2331560 146079 34 Entire premiums collected during the year Fidelity and surety 70149875 burglary and theft 6703330 768532 05 Deduct reinsurance return premiums and cancellations Fidelity and surety 73 37932 burglary and theft 1396961 87348 93 18 Total net cash actually received for premiums 19 Interest on mortgage loans 1437 35 20 Interest on collateral loans 799 51 21 Interest on bonds and dividends on stocks 52214 42 23 Gross rents from companys property 4788 55 24 Total interest and rents 25 Profit on sale or maturity of ledger assets 2500000 Union Pacific R R 4 convertible bonds sold 189209 lots Chesapeake Ave and 11th St Balti more Md sold 4951 25000 United Rwys and Electric Co Baltimore 4 bonds sold 17225 36 Total income 681183 12 59239 83 2113 So 742536 80 IIIDISBURSEMENTS Gross amount paid for losses Fidelity and surety 26710040 burglary and theft 1108193 Deduct salvage and reinsurance Fidelity and surety 14177052 burglary and theft 1200 278182 33 141782 52 Net amount paid policyholders for losses 130399 81 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Fidelity and Surety f4324393 burglary and theft 77780 44021 73 31 in482 COMPTROLLERGENERALS REPORT 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity and surety 16498814 burglary and theft 1577208 180760 22 23 Salaries fees and all other compensation of officers and home office employees 75715 28 24 Salaries traveling and all other expenses of agents not paid by commissions 4763 26 Inspections other than medical 2859 86 27Rents 5277 98 28 Repairs and expenses other than taxes on real estate 262 50 29 Taxes on real estate 970 40 30 All other taxes licenses and insurance department fees 28488 60 31 Legal expenses inot included in No 14 14509 93 32 Advertising 55 U 33 Printing and stationery 1645 46 34 Postage and express 88o3 51 35 Furniture and fixtures 7169 29 36 Loss on sale or rnaturitvof ledger assets 10000 City of Norfolk Virginia 5bondssold 17500 25000 West Virginia Central and Pittsburg Wailway Co Q bonds sold 16675 lot and improvement in Bowens sub division Ridtjewood Chicago sold 327632 lot li 1516 N Loudon Avenue Baltimore Md sold 28000 3898 07 41 All other disbursements Interest 856220 general mis cellaneous expenses 1666067 25222 8 44 Book value of companys investments marked down dur ing year 21637 51 45 Total disbursements5b 62715 54 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2773707 in cumbered 808864 35825 71 2 Mortgage loans on real estate first liens 9500 00 4 Book value ot bonds excluding interest 124305200 and book value of stocks 1000000 1253052 00 5 Cash in companys office 445049 deposited in banks 14091111 146861 60 11 Ledger assets 1443739 31 NONLEDGER ASSETS 13 Interest accrued on bonds 5802 87 19 Gross premiums in course of collection viz On policies or renewals issued sub sequent to October 1 1905 Liability fidelity and surety 7326963 burglary and theft 1983095 93100 58COMPTROLLERGENERALS REPORT 483 On policies or renewals issued prior to October 1 1905 Fidelity and surety 4949411 burglary and theft 348465 52978 76 Total 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 146079 34 1595621 52 52978 76 51 Admitted assets 1542642 76 VLIABILITIES 1 Losses and claims in process of adjustment Fidelity and surety 798572 burglary and theft 374735 Reported proofs not received Fidelity surety 885000 burglary and theft 168365 Resisted Fidelity and surety 18502205 burglary and theft 34700 Estimated expenses incident to the settle ment of unpaid claims Fidelity and surety 2057500 burglary and theft 31500 11733 07 10533 65 185369 05 20890 00 19 21 30 Total unpaid claims and expenses of settlement Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 70988639 unearned premiums 50 per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of poli cy 880966 unearned premiums pro rata Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Fidelity and surety 18 31741 burglary and theft 495774 Reinsurance 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 42 Surplus over all liabilities 500000 00 418866 41 43 Surplus as regards policyholders 44 Total liabilities 45 Special deposits in excess of liabilities 214848 60 Business in Georgia during 1905 Gross premiums received or risks written or renewed during the year Fidelity and surety 1778885 burglary and theft 14290 Gross losses paid Fidelity and surety salvage 227390 Gross losses incurred Fidelity and surety 228525 77 354943 19 7326 78 23275 15 9705 46 623776 35 918866 41 1542642 76 17931 75 18228 25 2246 7048 i COMPTROLLERGENERALS REPORT AMERICAN SURETY COMPANY OF NEW YORK H D Lyman President H B Zevkly Secretary Home Office 100 Broadway New York City ICAPITAL STOCK 1 Amount of capital paid up in cash 2500000 00 2 Amount of ledger assets as per balance December 31 of previous year 5510306 74 Extended at 5510306 74 IIINCOME Gross premiums unpaid December 31 last year Fidelity 5874307 surety 19889512 257638 19 Gross premiums written and renewed dur ing the year Fidelity 89916926 surety 103096952 1930138 78 Total 2187776 97 Deduct gross premiums now in course of collection Fidelity 6020172 surety 21953121 279732 93 Entire premiums collected during the year Fidelity 89771061 surety 101033343 1908044 04 Deduct reinsurance return premiums and cancellations Fidelity 11257079 surety 20013835 312709 14 18 Total net cash actually received for premiums 1595334 90 20 Interest on collateral loans 622 84 21 Interest on bonds and dividends on stock 97280 87 22 Interest from all other sources 11436 23 23 Gross rents from companys property in cluding 3517000 for companys own occupancy 240756 76 24 Total interest and rents 350096 70 25 Profit on sale or maturity of ledger assets Tennessee Central R R 5 per cent trust gold notes redeemed 86000 Mexican exterior gold loan 5 per cent bonds redeemed 4850 Mexican interior redeemable debt 5 per cent bonds redeemed 5700 Consolidated Gas Company of New York bonds sold 5164250 Consoli dated Gas Company of New York stock sold 571250 58320 50COMPTROLLERGENERALS REPORT 485 SO From all other sources 31 Checks of other parties in process of collec tion December 31 19C5 2208 31 32 Checks of other parties in process of collec tion December 31 1904 598 16 1610 15 36 Total income 2005362 25 IIIDISBURSEMENTS 23 24 26 1 Gross amount paid for losses Fidelity 26290458 surety 40863599 671540 57 2 Deduct salvage and reinsurance Fidelity 8317506 surety 238308 39 321483 45 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 18 Commission or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 4028535 surety 7131500 22 Stockholders for interest or dividends amount declared during the yenr Salaries fees and all other compensation cf officers and home office employees Salaries traveling and all other expenses of agents not paid by commissions Inspections other than medical 27 Rents including 3517000 for companys own occupancy 28 Repairs and expenses other than taxes on real estate 29 Taxes on real estate 6265988 taxes on personal estate 1693950 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 United States 3 per cent registered bonds sold All other disbursements Interest General miscellaneous expenses Premiums paid in advance December 31 1904 13309 96 Premiums paid in advance December31 1905 11050 03 40 350057 12 12478 70 111600 35 200000 00 235121 64 329295 86 5496 41 36269 99 92948 60 79599 38 36717 31 1931 50 13001 94 37145 21 21072 67 15739 47 2861 78 545 17 48757 88 2259 93 45 Total disbursements 1632900 91486 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 1 Book value of real estate unincumbered 3095825 52 4 Book value of bonds excluding interest 174977959 and book value of stocks 150153125 2251310 84 5 Cash in companys office 644759 deposited in banks 52918413 535631 72 11 Ledger assets 5882768 08 NONLEDGER ASSETS 13 Interest accrued on bonds 16 Bents due 223075 and accrued 854166 on companys property or lease 9974 31 10772 41 Total 18 Market value not including interest in item 13 of bonds and stocks over book value On policies or renewals issued subsequent to October 1 1905 Fidelity 4866451 surety 9691294 145577 45 On policies or renewals issued prior to Oc tober 1 1905 Fidelity 1153721 surety 12261827 134155 48 20746 72 120939 83 Total 37 Gross assets 279732 93 DEDUCT ASSETS NOT ADMITTED 6304187 56 43 Gross premiums in course of collection written prior to October 1 1905 51 Admitted assets VLIABILITIES 1 Losses and claims In process of adjustment Fidelity 51473 27 Reported proofs not received Fidelity 11152680 surety 20015443 311681 23 Resisted Fidelity 2377972 surety 8984000 113619 72 17 Total unpaid claims and expenses of settlement 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 151814312 unearned premiums 50 per cent 759071 56 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 21215727 unearned premiums pro rata 97117 14 134155 48 6170032 OS 476774 22 20 Total unearned premiums 856188 70COMPTROLLERGENERALS REPORT 487 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1905 viz Fidelity 183835 surety 1476781 6606 16 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 12500 00 31 Other liabilities viz Checks of other parties in process of collection 2208 31 Agentscredit balances being premiums paid in advance 11050 03 40 Total amount of liabilities except capital 1365327 42 41 Capital actually paid up in cash 2500000 00 42 Surplus over all liabilities 2304704 66 43 Surplus as regards policyholders 4804704 66 44 Total liabilities 6170032 08 Business in Georgia during 1905 Gross premiums received on risks written or Fidelity renewed during the year 6028 44 Gross losses paid 995 92 Gioss losses incurred 1423 40 Surety 8601 29 23 50 23 50 AMERICAN CASUALTY INSURANCE COMPANY READING PA 7m H Yocdm President Edwin P Van Reed Secretary Principal Office 15 North 5th Street Reading Pa ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 2 Amount of ledger assets December 31 of previous year 139868 09 Extended at 139868 09 IIINCOME Gross premiums unpaid December 31 last year Accident 112938 liability 161200 plate glass 35080 steam boil er 34350 burglary and theft 15000 total Gross premiums written and reneweddur ing the year Accident 3427640 health 180790 liability 2011419 plate glass 232499 steam boiler 6 03396 burglary and theft 321550 total Total 2585 68 67772 94 70358 62488 COMPTROLLERGENERALS REPORT Deduct gross premiums now in course of collection Accident 278632 health 23500 liability 561244 plate glass 55825 steam boiler 48166 burglary and theft 13600 total 24 30 36 23 24 26 27 31 32 33 34 35 40 9809 67 Entire premiums collected during the year Accident 3261946 health 1572 90 liability 1511375 plate glass 211754 steam boiler 589580 burglary and theft 322950 total 60548 95 Deduct reinsurance return premiums and cancellations Accident 460115 health 61588 liability 194 25 plate glass 14928 steam boiler 116856 burglary and theft 288 50 total 10017 62 18 Total net cash actually received for premiums 19 Interest on mortgage loans 21 Interest on bonds and dividends on stock 22 Interest from all other soui ces Deposit 3159 21 2982 71 41 80 Total interest and rents From all other sources Commission on bonding Legal expenses Advertising Printing and stationery Postage and express Furniture and fixtures All other disbursements Sundry office expenses 50531 33 6183 72 690 09 Total income 57405 14 III DISBURSEMENTS Gross amount paid for losses Accident 710795 health 113307 liability 48150 plate glass 2S436 steam boiler 6386 burglary and theft 80121 total Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 10628 43 health 66044 liability 361058 plate glass 58626 steam boiler 82763 burglary and theft 51726 total Salaries fees and all other compensation of officers and home office employees Salaries traveling and all other expenses of agents not paid by commissions Inspections other than medical Rents 9872 34 16830 60 10346 27 3946 96 67 03 986 00 50 00 120 64 2724 20 746 82 238 45 626 81 45 Total disbursements 46556 12COMPTROLLERGENERALS REPORT 489 11 IVLEDGER ASSETS Mortgage loans on real estate first liens 67850 00 Book value of bonds excluding interest 67517 34 Cash deposited in banks 14749 77 Bills receivable 600 00 Ledger assets 150717 11 NONLEDGER ASSETS 12 Interest due 4150 and accrued 68294 on mortgages 724 44 13 Interest accrued on bonds 453 85 18 Market value not including interest in item 13 of bonds and stocks over book value 4 66 19 Gross premiums in course of collectionviz On poli cies or renewals issued subsequent to October 1 1905 Accident 278632 health 23500 liability 561244 plate glass 55825 steam boiler 148166 burglary and theft 13600 9809 67 37 Gross assets 161752 73 VLIABILITIES 1 Losses and claims in process of adjustment Accident 585 00 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 3763292 un earned premiums fifty per cent 18816 46 19 Gross premiums less reinsurance upon all unexpired risks running more than one ear from date of policy 235575 unearned premiums pro rata 1764 38 20 Total unearned premiums 20580 84 21 Commissions brokerage and other charges due or to be cone due to agents or brokers on policies issued subse quent tn October 11905 viz Accident 90339 health 9129 liability 138392 plate glass 18030 steam boiler 50 14 burglary and theft 2760 2636 64 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 100000 00 42 Surplus over all liabilities 37950 25 43 Surplus as regards policyholders 44 Total liabilities 161752 73 23802 48 137950 25490 COMPTROLLERGENERALS REPORT Business in the State of Georgia during 1905 Gross premiums receive i on risks written or ie newed du ing Gross losses paid the year Accident 34276 40 7107 95 Health 1807 90 1133 47 Liability 20114 19 48150 Plate glass 2324 99 284 36 Steam boiler 6033 96 63 86 Burglary and theft 3215 50 80120 Totals 67772 94 9872 34 Gross losses incurred 7692 95 1133 47 481 50 2S4 36 63 86 801 20 If457 34 CONTINENTAL CASUALTY COMPANY HAMMOND INDIANA C H Bunker President A A Smith Secretary Principal Office Hammond Ind General Office Chicago 111 William A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 300000 00 Amount of net or ledger assets December 31 of previous year 1040279 36 Extended at 1040279 36 IIINCOME DURING THE YEAR 1905 1 Cash received for premiums on new policies without deductions for commissions or other expenses 2129749 63 8 Cash received for interest on mortgage loans 16827 60 9 Cash received for interest on bonds owned and divi dends on stock 9341 98 11 Cash received for interest on other debts due the com pany 1143 75 13 Cash received for rents for use of companys property 3000 00 14 Cash received for profits on sales of bonds or stocks 163 40 Total income 216C226 36 IIIDISBURSEMENTS FOR THE YEAR 1905 5 Cash paid for sums falling due during the year on installment policies Gross amount paid for losses 6 Deduct amount received from other com panies for losses or claims on policies of this company 7 Total net amount actually paid for losses 1000348 01 6443 20 993904 81COMPTROLLERGENERALS REPORT 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commissi n 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 officers and other home office employees 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent 27 Cash paid for advertising 964246 printing 2344617 28 Cash paid for legal expenses 29 Cash paid for the following items viz Investigation and adjustment of claims 2125847 postage and ex press 2119164 general expense 1648908 Total miscellaneous expenses111313164 30 Total disbursements 2123536 45 491 16500 00 477728 97 258900 38 9717 16 204414 12 35455 22 20034 49 33088 63 148o3 4S 58939 19 10 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 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 Agents ledger balances i Cash in the hands of R R Treas in course of trans mission Furniture and fixtures 13 Total net or ledger assets 42074 21 425400 00 238725 00 2850 00 145987 12 3275 96 39694 08 149510 27 29452 63 1076969 27 OTHER ASSETS 14 Interest due 1277340 and accrued 2 67982on mortgages 15453 22 15 Interest aocrued on bonds and stocks 3135 42 Total carried out 26 Net amount of uncollected premiums 18588 64 527416 04 28 Total assets as per the books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 7 Bills receivable 39694 08 3275 96 1622973 95 72422 67 9 Total assets less items not admitted 1550551 28492 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1905 1634919 84 Net reinsurance reserve 50 5 Claims for losses in process of adjust ment 148641 00 6 Claims for losses resisted by the company 15525 00 7 Estimated expense for settlement of claims 1000 00 Total policy claims 13 Amount due on account of salaries rnts and office ex penses 16 Amount of any other liability of the company viz Re insurance 817459 92 165166 00 5530 50 11435 28 19 Total liabilities 99959170 20 Capital stock 300000 00 21 Surplus 250959 58 550959 58 1550551 28 EMPIRE STATE SURETY COMPANY OF NEW YORK Wm M Tomlins Jk President Daniel Stewart Secretary Home Office 391393 Fulton Street Brooklyn New York F C Robinson 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 Increase of paid up capital Extended at 488414 26 250000 00 738414 26 IIINCOME 70237 97 As shown by the books at tbe home office at close of business December 31 1 Gross premiums unpaid December 31 last year Fidelity 616084 surety 64 07713 2 Gross premiums written and renewed during the year Accident 1764244 liability 22721397 fidelity 57855 83 surety 27836924 plate glass 3019399 steam boiler 643533 bur glary 3663928 sprinkler 281401 67164 09 Total 727402 06COMPTROLLERGENERALS REPORT 493 3 Deduct gross premiums now in course of collection Accident 552694 liabil ity 3623258 fidelity 2122882 sure ty 11773510 plate glass 1196288 steam boiler 85900 burglary 11 10969 sprinkler 16500 204820 01 4 Entire premiums collected during the year Accident 1211550 liability 19098139 fidelity 34278785 surety 22471127 plate glass 1823111 steam boiler 557633 burglary 2552959 sprinkler 264901 522582 05 5 Deduct reinsurance return premiums and cancellations Accident 381979 lia bility 6271978 fidelity 552637 surety 5445229 plate glass 395821 steam boiler 177932 burglary 8 30524 sprinkler 41000 140971 00 18 Total net cash actually received for premiums 381611 05 21 Intereston bonds and dividends on stock 22099 52 22 Interest from all other sources 10098 88 24 Total interest and rents 32198 40 25 Profit on sale or maturity of ledger assets Sundry bonds 582290 stocks 1695570 during the year 22778 60 30 From all other sources Reinsurance of City Trust Safe Deposit and Surety Co Philadelphia 58348 82 36 Total income 494936 87 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Gross amount paid for losses Accident 40964 liability 654599 fidelity 529690 surety 3313982 plate glass 260467 burglary 397177 101968 79 Deduct salvage and reinsurance Liabil ity 1000 fidelity 3012 12 surety 2158632 plate glass 1550 24623 94 Net amount paid policyholders for losses 77344 85 14 Investigation and adjustment of clains including legal and other expenses in defense of suits against policy holders viz Accident 150 health 300 liability 207231 fidelity 4600 surety 5812 burglary 9654 2277 47 18 Commissionsorbrokeragelessamountreceived on return premiums and reinsurance for the following Classes Accident 287304 liability 4062091 fidelity 11 28983 surety 4863013 plate glass 514365 steam boiler 40315 burglary 556660 sprinkler 18835 114715 66494 COMPTROLLERGENERALS REPORT 22 Stockholders for interest or dividends amount declared during the year 50000 00 23 Salaries fees and other compensation of officers and home office employees 85517 69 24 Salaries traveling and all other expenses of agents not paid by commissions 18183 31 28 Inspections I other than medical 1081 01 27 Rents 21078 26 30 All uther taxes licenses and insurance department fees 8613 80 31 Legal expenses uot included in No 14 10819 84 32 Advertising 3875 15 33 Printing and stationery 13424 33 34 Postage and express 5132 38 35 Furniture and fixtures 6577 29 36 Loss on sale or maturity of ledger assets S J Casey 22198 bills receivable Geo S Adams 80001 Thomas F Byrnes 427562 5297 60 40 All otherdisbursements Directors 295250 traveling 631746 telephone and telegraph 408452 miscel laneous 784141 21195 89 45 Total disbursements 445134 53 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds excluding interest 409145 00 and stocks 30473750 5 Cash in companys office 214987 de posited in bank 4213225 6 Bills receivable 7 Other ledger assets Agentscollections less commissions fully secured 3600 00 713882 50 44282 12 10290 64 16161 34 1 Total ledger assets 788216 60 NOXLEDGER ASSETS 13 Interest accrued on bonds 1791 67 5 Interest due on other assets 2275 00 Total 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Occident 535194 liability 3445433 fidelity 1773534 surety 88684 64 plate glass1163392 steam boiler 85900 burglary 10 68419 Sprinkler 16500 On policies or renewals issued prior to Oc tober 1 1905 Accident 17500 lia 4066 67 169568 36COMPTROLLERGENERALS REPORT 495 bility 177825 fidelity 3493 48 surety 2905046 plate glass 32896 burglary 42550 35251 65 33 Total 204820 01 34 Other nonledger assets viz Collateral securities and cash sundry securities 67888632 cash deposited 6777083 746657 15 37 Gross assets 1743760 43 DEDUCT ASSETS NOT ADMITTED II 10290 64 39 Bills receivable 43 Gross premiums in course of collection written prior to October 1 1905 35251 65 Total 45542 29 51 Admitted assets 1689218 14 1 VLIABILITIES Losses and claims Adjusted but not due Fidelity 100000 surety 51715840 plate glass 139300 19551 40 In process of adjustment Accident 362 50 credit 92500 1287 50 Resisted for policyholders Accident 36250 fidelity100000 surety 17 15840 plate glass 1393 credit 92500 20838 90 16 Net unpaid claims 17 Special reserve for unpaid losses viz Liability Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 39851188 unearned premiums 50 per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2869452 unearned premiums pro rata 25 26 20838 90 20006 61 199255 94 23884 62 27 Total unearned premiums 223140 56 28 Commission brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 11905 viz Accident 137633 liability 828627 fidelity 195085 surety 975531 plate glass 307135 steam boiler 8203 burglary 2609 07 sprinkler 1287 27144 08 38 Other liabilities viz Sundry ledger balances 13456 41 contingent fund 250000 38456 41 46 Collateral deposits conveyed to company as security 746657 15 47 Total amount of all liabilities except capital 1076243 71496 COMPTROLLERGENERALS REPORT 48 Capital actually paid up in eash 500000 00 49 Surplus over all liabilities 121974 43 50 Surplus as regards policyholders 621974 43 51 Total liabilities 1698218 14 Business in Georgia during 1905 Gross premiums on Risks Written or Renewed Gross Losses durng the Year Paid Accident 678 95 60 00 Liability 499 84 Fidelity 450 84 Surety 267 45 Plate glass 427 13 72 14 Burglary 25 00 Total 2349 21 132 14 THE EMPLOYERS INDEMNITY CO OF PHILADELPHIA PA John T Bailey President Trevanion B Dallas Secretary Home Office Stephen Girard Building 12th Street above Chestnut Street Philadelphia Pa 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 269770 21 Extended at 269770 21 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 20000 liability 26 31544 26515 44 2 Gross premiums written and renewed dur ing the year Accident 172700 lia bility 22387985 225606 85 Total 252122 29 3 Deduct gross premiums now in course of collection Accident 10212 liability 3576814 35870 26 4 Entire premiums collected during the year Accident 182488 liability 21442715 216252 03COMPTROLLERGENERALS REPORT 497 5 Deduct reinsurance return premiums and cancellations Accident 32362 lia bLity 3579887 36122 49 18 Total net cash actually received for premiums 19 Interest on mortgage loans 1605 30 21 Interest on bonds and dividends on stock 10388 60 24 Total interest and rents 36 Total income IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 19000 liability 5528459 18 Commissions or brokerage less amount received on return premiums for the following classes Accident 40071 liability 3024236 22 Stockholders for interest or dividends amount declared during the year 23 Salaries fees and all other compensation of officers and home office employees 25 Medical examiners fees and salaries 26 Inspections other than medical 27 Rentsincluding 207424 for companys own occupancy 30 All other taxes licenses and Insurance DepartmeLt fees 31 Legal expenses not included in No 14 32 Advertising printing and stationery 34 General expenses 35 Furniture and fixtures 40 All other disbursements Traveling expenfes 337296 rebates 711 45 Total disbursements IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 24588273 and book value of stocks 3433200 5 Cash in companys office 75449 deposited in banks 11726 20 6 Bills receivable 180129 54 11993 90 192123 44 55474 59 30643 07 6000 00 11 Ledger assets NONLEDGER ASSETS 12 Interest due 13000 and accrued 33677 on mortgages 13 Interest due and accrued on bonds 18 Market value not including interest in item 13 of bonds and stocks over book value 32 In 28328 53 447 00 291 25 2074 24 1307 11 9068 71 1625 08 5340 25 613 33 3380 07 144593 23 24600 00 280214 73 12480 69 5 00 317300 42 466 77 3817 60 4284 37 3815 02 498 COMPTROLLERGENERALS REPORT 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 8750 liability 3162469 31712 19 On policies or renewals issued prior to October 1 1905 Accident 1462 lia bility 1387671 3891 33 33 Total 34 Other nonledger assets viz Furniture and fixtures 37 Gross assets DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 5 00 40 Furniture and fixtures 1373 50 43 Gross premiums in course of collection written prior to October 1 1905 3891 33 35603 52 1373 50 362406 83 51 Admitted assets VLIABILITIES 16J Special reserve for estimated amount of unpaid liability claims 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 15875397 un earned premiums 50 per cent 79376 99 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 806112 unearned premium pro rata 5988 95 20 Total unearned premiums 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issed subse quent to October 1 1905 viz Accident 2625 lia bility 548210 25 Salaries rents expenses taxes bills accounts fees etc 31 Other liabilities viz Special contingent reserve 5269 83 357137 00 12025 00 85365 94 5508 35 3928 52 1006 12 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 42 Surplus over all liabilities 100000 00 149303 07 107833 93 43 Surplus as regards policyholders 44 Total liabilities 249303 07 557137 00COMPTROLLERGENERALS REPORT 499 UNITED STATES BRANCH OF THE EMPLOYERS LIABILITY ASSUR ANCE CORPORATION LTD GREAT BRITAIN AND IRELAND Samuel Appleton United States Manager Home Office U S Branch 33 Broad Street Boston Mass W W Cunningham Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash in England 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 2233488 40 Extended at 2233488 40 IIINCOME As shown by the books at home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Accident 6029509 health 5 92257 liability 35800303 fidelity 4 35986 428580 55 2 Gross premiums written and renewed dur ing the year Accident 27448791 health 3951956 liability 2273105 69 fidelity 8062804 2667741 20 3 Total 3096321 75 4 Deduct gross premiums now in course of collection Accident 5149748 health 299475 liability 38223889 fidelity 457694 441308 06 5 Entire premiums collected during the year Accident 28328552 health 42 44738 liability 224886983 fidelity 8041096 2655013 69 6 Deduct reinsurance return premiums and cancellations Accident 4592641 health 887536 liability 28753056 fidelity 1630157 358633 90 18 Total net cash actually receivedfor premiums 2296379 79 21 Interest on bonds and dividends on stock 76472 15 22 Interest from all other sources W8 25 Profit on sale or maturity of ledger assets Sale of bondsnt U 2374775 66 56 Total income T500 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 10961591 health 2017053 liability 71730383 fidelity 587302 852963 29 2 Deduct salvage and reinsurance Liability 96 66 13 Net amount paid policyholders for losses 852866 63 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 512593 health 26523 liabil ity 18379257 fidelity 215125 191334 98 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 8811258 health 269596 liabil ity 52410964 fidelity 1230553 627223 71 23 Salaries fees and other compensation of officers and home office employees 49370 73 24 Salaries traveling and all other expenses of agents not paid by commissions 20558 97 26 Inspections other than medical 27264 07 27 Rents 25833 03 30 All other taxes licenses and insurance department fees 51996 33 31 Legal expenses not included in No 14 3155 92 32 Advertising 6251 86 33 Printing and stationery 19330 91 34 Postage and express 16291 78 35 Furniture and fixtures 7761 33 40 All other disbursements Bad debts 102730 remitted to home office 3672594 37753 24 45 Total disbursements 1936993 49 IVLEDGER ASSETS 4 Book value of bonds excluding interest 2605141 05 5 Cash in companys office 180000 deposited in bank 62698 2426 98 7 Other ledger assets Cash deposited with trustees with Kidder Peabody Co 63702 54 11 Ledger assets 2671270 57 NONLEDGEB ASSETS 13 Interest due and accrued on bonds 27536 67 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 4891019 health 287275 liability 35358166 fidelity 440358 409768 18COMPTROLLERGENERA S REPORT 501 On policies or renewals issued prior to Oc tober 1 1905 Accident 258729 health 12200 liability 2865723 fi delity 17336 31539 88 33 Total 441308 06 37 Gross assets 3140115 30 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 31539 88 44 Book value of ledger assets over market value viz Bonds 34864 17 TotalI 66404 05 51 Admitted assets 3073711 25 VLIABILITIES Losses and claims In process of adjustment Accident 47 28500 health 324500 fidelity 7 33500 Resisted by company Accident 13155 fidelity 14500 57865 00 13300 00 16 Net unpaid claims 71165 00 17 Special reserve for unpaid losses viz Liability 1255189 92 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 185514221 unearned premiums fifty per cent 927571 11 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 188303 84 unearned premiums pro rata 112313 04 27 Total unearned premiums 10398S4 15 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1905 viz Accident 1696578 health 99232 liability 9748187 fidelity 110313 116543 10 47 Total amount of all liabilities except capital 2482782 17 48 Capital actually paid up in cash statutory deposit 200000 00 49 Surplus over all liabilities 390929 08502 COMPTROLLERGENERALS REPORT 50 Surplus as regards policyholders 590929 08 51 Total liabilities 3073711 25 Business in the State of Georgia during 1905 Accident Health Liability Fidelity Gross premiums on risks written or renewed during the year8380 51 3166 77 3698 53 304 22 Gross losses paid 1830 31 1865 13 1856 68 Gross losses incurred 2015 31 1705 13 1851 68 FEDERAL UNION SURETY COMPANY OP INDIANA Hugh Dougherty President C R Hinkxe Secretary Home Office Corner Market and Pennsylvania Streets Indianapolis Ind Thomas B Fkldeb 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 Extended at 325033 60 325033 60 IIINCOME 1 Gross premiums unpaid December 31 last year Fidelity and surety 19445 03 2 Gross premiums written and renewed dur ing the year Fidelity and surety 220359 72 3 Total 239804 75 4 Deduct gross premiums now in course of collection Fidelity and surety 34438 57 5 Entire premiums collected during the year Fidelity and surety 205366 18 6 Deduct reinsurance return premiums and cancellations Fidelity and surety 18148 54 18 Total net cash actually received for premiums 19 Interest on mortgage loans 7597 92 21 Interest on bonds and dividends on stock 3655 00 22 Interest from all other sources 847 33 187217 64 24 Total interest and rents 12100 25COMPTROLLERGENERALS REPORT 503 25 Profit on sale or maturity of ledger assets Real estate mortgage 30 From all other sources Trust funds IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity and surety 2 Deduct salvage and reinsurance Fidelity and surety 36674 37 710 03 13 Total net amount paid policyholders for lossesI 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders 18 Commissions or brokerage less amount received on re turn premiums and reinsurance 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 companys own occupancy 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 Interstate Stockyard bonds 40 All other disbursements Telephone and telegraph 674 76 miscellaneous home office expense 100051 45 Total disbursements IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 5 Cash in companys office 481581 deposited in banks 11306882 7 Other ledger assets Agents debit balances 11 Ledger assets NONLEDGEB ASSETS 12 Interest due 4250 and accrued 2225 27 on mortgages 13 Interest accrued on bonds 15 Interest accrued on other assets Total 2267 77 348 47 9 04 6 50 607 00 36 Total income 199931 39 35964 34 720 01 48558 65 22417 07 12951 02 1837 00 6615 09 7177 34 3125 79 3436 81 1922 32 1687 69 549 50 1675 27 148637 90 162250 00 94255 60 117884 63 1936 86 376327 09 2625 28504 COMPTROLLERGENERALS REPORT 413390 94 19 Gross premiums In course of collection viz On policies or renewals issued subse quent to October 1 Fidelity and surety 28155 24 On policies or renewals issued prior to Oc tober 1 Fidelity and surety 6283 33 Total 34438 57 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 6283 33 44 Book value of ledger assets over market value viz Agents debit balance 1936 86 Total 8220 19 51 Admitted assets 405170 75 VLIABILITIES 1 Losses and claims in process of adjustment Fidelity and surety 10412 50 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 18631440 un earned premiums 50 per cent 93157 20 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 558767 unearned premiums pro rata 4727 62 20 Total unearned premiums 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 31 Other liabilities viz Trust funds 40 Total amount of all liability except capital 114535 37 41 Capital actually paid up in cash 250000 00 42 Surplus over all liabilities 40635 38 43 Surplus as regards policyholders 290635 38 44 Total liabilities 405170 75 97884 82 5631 05 607 00COMPTROLLERGENERALS REPORT 505 THE FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSUR ANCE COMPANY C H Franklin U S Manager Home Office FrankfortontheMain Germany United States Branch Office 100 William St New York City 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 10228 Extended at 60 1022868 60 IIINCOME As shown by the books at home office at close of business December 31 1905 Gross premiums unpaid December 31 last year Accident 452570 liability 24610958 250635 28 Gross premiums written and renewed during the year Accident 3079239 liability 102054198 1051334 37 Total 1301969 65 Deduct gross premiums now in course of collection Accident 430761 liability 24864185 252949 46 Entire premiums collected during the year Accident 3101048 liability 1 01800971 1049020 19 Deduct reinsurance return premiums and cancellations Accident 526541 lia bility 14727087 152536 28 18 Total net cash actually received for premiums 896483 91 21 Interest on bonds and dividends on stock 32902 39 22 Interest from all other sources 338 98 24 Total interest and rents 30 From all other sources Remittances from home office 33241 37 226008 37 36 Total income 1155733 65506 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 986620 workmens collective 53046 59 liability 32614209 389054 88 3 Net amount paid policyholders for losses 389054 88 14 Investigation and adjustment of claims including legal and other expenses in defence of suits against policy holders viz Accident 18795 liability 16205739 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 745716 liability 25482169 23 Salaries fees and all other compensation of officers and home office employees 24 Salaries traveling and all other expenses of agents not paid by commissions 26 Inspections other than medical 27 Rents 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 40 All other disbursements Telegrams 31649 miscellane ous 572765 remittance to home office 4921210 162245 34 262278 85 21618 26 6843 99 11620 13 3502 08 19189 14 498 85 3865 95 8283 24 1197 30 55256 24 45 Total disbursements 945454 25 IVLEDGER ASSETS As shown by the books at hftme office at close of business December 31 1905 4 Book value of bonds excluding interest 1221348 93 5 Cash in companys office 50000 deposited in bank 11 18255 11682 55 7 Other ledger assets Cash in hands of trustees 116 52 11 Ledger assets 1233148 00 NONLEDGEB ASSETS 33 37 13 Interest accrued on bonds 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 430761 liability 24483289 On policies or renewals issued prior to October 1 1905 Liability 249140 50 3808 96 12146 44 Total 252949 46 Gross assets 1498243 90COMPTROLLERGENERALS REPORT 507 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 3808 96 44 Book value of ledger assets over market value viz Depreciation from cost of bonds to bring same to market value 34201 62 51 Total 38010 58 Admitted assets 1460233 32 VLIABILITIES 1 Losses and claims In process of adjustment Accident 2 33715 workmens collective 13298 25 15635 40 Reported proofs not received Marine 4995 57 15 Net unpaid claims except liability claims 20630 97 16 Special reserve for unpaid liability losses 669709 42 17 Total unpaid claims 690340 39 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 64582264 un earned premiums 50 per cent 322911 32 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2800566 unearned premiums pro rata 18670 11 20 Total unearned premiums 341581 43 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 143587 lia bility 6463156 66067 43 31 Other liabilities 7500 00 40 Total amount of all liabilities except capital 1105489 25 41 Capital actually paid up in cash 200000 00 42 Surplus over all liabilities 154744 07 43 Surplus as regards policyholders 354744 07 44 Total liabilities 60233 32 Business done in Georgia during 1905 Gross premiums received on risks written or Accident Liability Gross losses paid Gross losses incurred 26 30 6Zi 4b508 COMPTROLLERGENERALS REPORT THE FIDELITY AND CASUALTY COMPANY OF NEW YORK N Y George F Seward President Robert J Hillas Secretary Home Office 97 to 103 Cedar Street New York City Eugene Oberdobfer 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 5518894 73 Extended at 5518894 73 IIINCOME As shown by the books at home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Accident 13266451 health 13682552 liability 25988338 fideli ty 1497817 plate glass 3116169 steam boiler 5281377 burglary 56 08260 684409 64 2 Gross premiums written and renewed during the year Accident 236811790 health 110277524 liability 2025 61244 fidelity 27681358 plate glass 34113176 steam boiler 55175786 burglary 69471620 7360924 98 Total 8045334 62 3 Deduct gross premiums now in course of collection Accident 19481873 health 17874609 liability 27006364 fideli ty 1948403 plate glass 3683127 steam boiler 7672395 burglary 59 05568 835723 39 4 Entire premiums collected during the year Accident 230596368 health 106085467 liability 201543218 fidelity 27230772 plate glass 335 46218 steam boiler 52784768 bur glary 69174312 7209611 23 5 Deduct reinsurance return premiums and cancellations Accident 74162866 health 34503907 liability 37162000 fidelity 4234193 plate glass 49829 72 steam boiler 15358172 burglary 15958299 1863624 09 18 Total net cash actually received for premiums 5345987 14COMPTROLLERGENERALS REPORT 509 20 Interest on collateral loans 1124 31 21 Interest on bonds and dividends on stock 217410 31 22 Interest from all other sources 2426 40 23 Gross rents from companys property in cluding 5293130 for companys own oc cupancy 68917 66 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Northern Se curities Co stock 6939600 Atchison Topeka and Santa Fe bonds 646875 Chicago Rock Island and Pacific stock 2500 Union Pacific bonds 197875 30 From all other sources Profit and loss 289878 68 77868 50 4979 28 36 Total income 5718713 60 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid out for losses Acci dent 58156393 health 27729989 liability 88317450 fidelity 7845328 plate glass 9364662 steam boiler 55 05992 burglary 20292484 2172122 98 2 Deduct salvage and reinsurance Acci dent 2346826 liability 1938134 fi delity 2118280 plate glass 756390 steam boiler 770312 burglary 6556 31 85855 73 13 14 18 22 23 24 25 26 Net amount paid policyholders for losses 2086267 25 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 4665399 health 2271425 liability 15876159 fidelity 1562567 plate glass 998049 steam boiler 493663 burglary 1900484 277677 46 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 52075751 health 24810309 lia bility 35124027 fidelity 3756657 plate glass 86 33240 steam boiler 7757489 burglary 11485739 1436432 12 Stockholders for interest or dividends amount declared during the year 95000 00 Salaries fees and other compensation of officers and home office employees 378690 07 Salaries traveling and all other expenses of agents not paid by commissions 27919784 Medical examiners fees and salaries 4871 50 Inspections other than medical 181018 79510 COMPTROLLERGENERALS REPORT 27 Rents 8281980 including 5293130 for companys own occupancy less 1417523 included in item 14 and 22 74180 included in item 24 45902 77 28 Repairs and expenses other than taxes on real estate 29183 14 29 Taxes on real estate 9606 50 30 All other taxes licenses and insurance department fees 102071 03 31 Legal expenses not included in No 14 4694 54 32 Advertising 22636 24 33 Printing and stationery 61161 63 34 Postage and express 23026 91 35 Furniture and fixtures 7495 26 36 Loss on sale or maturity of ledger assets State of Indi ana bonds 75000 Pennsylvania Company bonds 387 50 1137 50 40 All other disbursements Sundry expenses 8592726 profit and loss 341733 89344 59 45 Total disbursements 5135415 14 IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 1 Book value of real estate unincumbered 965142 44 4 Book value of bonds excluding interest 240615917 and stocks 260523850 5011397 67 5 Cash in companys office 727629 depos ited in bank 13162373 138900 02 6 Bills receivable 200 00 8 Agents balances and sundry ledger as sets 30212 50 Total 6145852 63 10 Deduct ledger liabilities 43659 44 11 Ledger assets 6102193 19 NONLEDGEB ASSETS 13 Interest accrued on bonds 8350 75 15 Interest accrued on other assets 120 49 16 Rents accrued on companys property or lease 2295 67 Total 10766 91 18 Market value not including interest in item 13 of bonds and stock over book value 686050 83 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 17471090 health 16928476 liability 211432 93 fidelity 1381613 plate glass 34 73797 steam boiler 7425673 bur glary 5400470 732244 12COMPTROLLERGENERALS REPORT 511 On policies or renewals issued prior to October 1 1905 Accident 2011219 health 945697 liability 5863071 fidelity 566790 plate glass 2093 30 steam boiler 246722 burglary 505098 103479 27 33 Total 835723 39 37 Gross assets 7634734 32 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 200 00 43 Gross premiums in course of collection written priorto October 1 1905 103479 27 44 Book value of ledger assets over market value viz Agents balances and sun dry ledger assets 30212 50 Total 133891 77 51 Admitted assets 7500842 55 VLIABILITIES 1 Losses and claims In process of adjustment Accident 129 83530 health 392000 fidelity 7 44927 plate glass 975058 steam boil er 2191650 burglary 4545940 Reported proofs not received Accident 3920000 fidelity 1250000 plate glass 8600 Resisted by company Accident 125219 50 health 637000 fidelity 37030 86 plate glass 123500 steam boiler 128250 burglary 744325 218331 05 51786 00 178581 11 16 Net unpaid claims 448698 16 17 Special reserve for unpaid losses viz Liability 1014480 42 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 600520 health 21000 fideli ty 90776 steam boiler 122100 burglary 278435 11128 31 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 497586475 unearned premiums 50 per cent 2487932 38 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 825149 20 unearned premiums pro rata 25 26 455311 51 27 Total unearned premiums 2943243 89512 COMPTROLLERGENERALS REPORT 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 5833597 health 5892802 liability 4520436 fidelity 2265 85 plate glass 1050129 steam boiler 1537857 burglary 1151920 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 500000 00 49 Surplus over all liabilities 2334944 20 50 Surplus as regards policyholders 202133 26 4621431 4665898 35 2834944 20 51 Total liabilities 7500842 55 Accident Health Liability Fidelity Plate glass Steam boiler Burglary Business done Gross Premiums on Risk Written 33625 86 in Georgia during 1905 Gross Losses eaid 11593 26 7366 95 8018 99 235 00 978 83 13502 91 9823 69 751 01 3992 83 6043 96 4868 06 1054 14 507 25 Gross Losses Incurred 11593 26 7366 95 8018 99 235 00 978 83 1054 14 507 25 FIDELITY AND DEPOSIT COMPANY OF MARYLAND Edwin Warfield President Habby Nicodejius Secretary Home Office Northwest Corner Charles and Lexington Sts Baltimore Md Aabon Haas Atlanta Attorney for Service in Georgia 1CAPITAL STOCK 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 5749024 02 Extended at 5749024 02 IIINCOME 1 Gross premiums unpaid December 31 last year Fidelity 3988650 surety 75 50783 115394 33 2 Gross premiums written and renewed during the year Fidelity 115168430 surety 35422692 1505911 22 Total 1621305 55COMPTROLLERGENERALS REPORT 3 Deduct gross premiums now in course of collection Fidelity 5773186 surety 7688639 134558 25 4 Entire premiums collected during the year Fidelity 113383894 surety 35290836 1486747 30 5 Deduct reinsurance return premiums and cancellations Fidelity 10615071 surety 1641233 122563 04 18 Total net cash actually received for premiums 1364184 26 21 Interest on bonds and dividends on stock 182848 14 23 Gross rents from companys property in cluding 1250000 for companys own oc cupancy 59532 72 24 Total interest and rents 242380 86 30 From all other sources Six months income commission January 1st June 30 1905 safe deposit and banking department 5403194 net appreciation in securities 20609886 260130 80 36 Total income 1866695 92 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 48125571 surety 14292581 624181 52 2 Deduct salvage and reinsurance Fidelity 10550788 surety 2838253 133890 41 3 Net amount paid policyholders for losses 490291 11 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Fidelity 2853714 surety 818843 36725 57 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 26225931 surety 9130672 353566 03 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 121787 42 24 Salaries traveling and all other expenses of agents not paid by commissions 41111 26 26 Inspections other than medical 17474 66 27 Rents companys own occupancy 12500 00 28 Repairs and expenses other than taxes on real estate 18135 90 29 Taxes on real estate 16739 33 33 in514 COMPTROLLERGENERALS REPORT 30 All other taxes licenses and insurance department fees 69753 24 31 Legal expenses not included in No 14 44343 33 32 Advertising 5776 59 33 Printing and stationers 14013 71 34 Postage and express 10726 34 35 Furniture and fixtures 1738 70 40 All other disbursements Incidentals 2626529 devel opment 673377 brokerage 41950 3341S 56 45 Total disbursements 156S101 75 IVLEDGER ASSETS 1 Book value of real estate unincumbered 757000 00 4 Book value of bonds excluding interest 344985000 and of stocks 147282500 4922675 00 5 Cash deposited in banks 367943 19 11 Ledger assets 6047618 19 NOXLEDGEB ASSETS 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Fidelity 2775529 surety 6184652 89601 81 On policies or renewals issued prior to Oc tober 1 1905 Fidelity 2997657 sure ty 1497987 44956 44 33 Total 134558 25 37 Gross assets 6182176 44 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 44956 44 51 Admitted assets 6137220 00 VLIABILITIES 1 Losses and claims Adjusted Fidelity 5015 48 In process of adjustment Fidelity 35898 55 Reported proofs not received Fidelity 72295 95 Resisted Fidelity 38706529 surety 20542636 judgments against S H Leathe and the company surety 83 04600 675437 65 17 Total unpaid claims 788747 63COMPTROLLERGENERALS REPORT 515 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1 43618324 unearned premiums fifty per cent 718091 62 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Fidelity 693882 sure ty 1546163 22400 45 40 Total amount of all liabilities except capital 1529239 70 41 Capital actually paid up in cash 2000000 00 42 Surplus over all liabilities 2696026 30 43 Surplus as regards policyholders 4696026 30 44 Total liabilities 6225266 00 Business in the State of Georgia during 1905 Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred Fidelity Surety 18731 99 5638 03 6194 90 1779 66 1000 00 3178 88 GENERAL ACCIDENT ASSURANCE CORPORATION LIMITED Muir Haughton United States Managers Home Office 400 Walnut Street Philadelphia Pa ICAPITAL STOCK 1 Amount of capital paid up in cash deposit insurance departments 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 549738 53 Extended at 549738 53 IIINCOME As shown by the books at home office at close of business December 31 1905 i Gross premiums unpaid December 31 last year Accident 2855358 liability 3820749 burglary 1137582 78136 89 2 Gross premiums written and renewed during the year Accident 51795644 liability 23459529 burglary 89174 39 841726 12 3 Total 919SG3 01516 COMPTROLLERGENERALS REPORT 4 Deduct gross premiums now in course of collection Accident 3422284 liabil ity 4118300 burglary 1326075 88666 59 5 Entire premiums collected during the year Accident 51228718 liability 23161978 burglary 8728946 831196 42 6 Deduct reinsurance return premiums and cancellations Accident 6454030 lia bility 7241382 burglary 1851406 155468 18 18 Total net cash actually received for premiums 675728 24 19 Interest on mortgage loans 21 Interest on bonds and dividends on stock 22 Interest from all other sources 23 Gross rents from companys property in cluding 500000 for companys own oc cupancy 923 89 14550 00 389 20 1700 00 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Redemption 5000 Atchison Topeka Santa Fe bonds 7500 sale 100 shares Penn R R Co stock 85000 sale 50 shares United Gas Improvement Co stock 131875 redemp tion 2000 Penn Co 3i per cent bonds 4750 30 From all other sources Received from home office 24563 09 2291 25 84169 68 36 Total income 1752 26 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident and health 15686197 liability 66 00565 burglary 2313629 246003 91 2 Deduct salvage and reinsurance Acci dent and health 212359 burglary 33820 2461 79 3 Net amount paid policyholders for losses 243542 12 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 300892 burglary 31743 3326 35 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 16560412 liability 5336240 bur glary 2523846 244204 98 22 Stockholders for interest or dividends amount declared during the year remitted home office 60136 92COMPTROLLERGENERALS REPORT 517 23 Salaries fees and other compensation of officers and home office employees 25 Medical examiners fees and salaries 26 Inspections other than medical 27 Rents including 500000 for companys own occupancy 28 Repairs and expenses other than taxes on real estate 29 Taxes on real estate 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 40 All other disbursements Interest 116674 travel 4 52307 telegraph and telephone 137388 audit 1 60000 adv buttons 83852 miscellaneous expenses 281556 agents forfeited deposit returned 500000 50759 07 2839 95 1575 07 6349 96 2476 15 1262 25 13543 22 2010 50 275 00 13095 53 4302 88 3579 47 17317 77 45 Total disbursements 670597 19 IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 1 Book value of real estate unincumbered 98745 87 4 Book value of bonds excluding interest 52974323 and stocks 995000 539693 23 5 Cash deposited in bank 27454 50 11 Ledger assets 665893 60 NONLEDGEB ASSETS 13 Interest accrued on bonds 3976 99 15 Interest accrued on other assets 56 98 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 2365059 liability 4065260 burglary 1284038 77143 57 On policies or renewals issued prior to October T 1905 Accident 1057225 lia bility 53040 burglary 42037 11523 02 33 Total 8866659 34 Other nonledger assets viz Due from other companies amount determined only after closing of books amount paid to this company in full January 10 1906 39295 70 37 Gross assets I 797889 86518 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 11523 02 44 Book value of ledger assets over market value viz Bonds and stocks 30592 53 Total 51 Admitted assets 42115 55 755774 31 VLIABILITIES 1 Losses and claims In process of adjustment Accident and health 1530344 burglary 269100 17994 44 Resisted by the company Accident and health 62500 burglary 10000 725 00 Resisted for policyholders Liability 85375 00 16 Net unpaid claims 104094 44 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 40090200 un earned premiums fifty per cent 200451 00 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 3760421 unearned premiums pro rata 24780 81 27 Total unearned premiums 225231 81 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 788353 lia bility 1069578 burglary 428013 22859 44 47 Total amount of all liabilities except capital 352185 69 48 Capital actually paid up in cash 250000 00 49 Surplus over all liabilities 1535S8 62 50 Surplus as regards policyholders 403588 62 51 Total liabilities 755774 31 Business in the State of Georgia during 1905 Accident and Health 9993 80 2684 83 5694 83 Gross premiums on risks written or renewed during the year5 Gross losses paid Gross losses incurred Burglary 10 00COMPTROLLERGENERALS REPORT 519 GENERAL ACCIDENT INSURANCE COMPANY OF PENNSYLVANIA Wm S Muie President Franklin J Mooee Secretary Home Office 400 Walnut Street Philadelphia Pa Wm A Wright 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 251961 42 Extended at 251961 42 IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Accident 13252 08 Gross premiums written and renewed dur ing the year Accident 366365 43 Total 379617 51 Deduct gross premiums now in course of collection Accident 7985 07 Entire premiums collected during the year Accident 371632 44 Deduct reinsurance return premiums and cancellations Accident 21189 85 Net cash actually received for premiums 19 Interest on mortgage loans 160 00 21 Interest on bonds and dividends on stock 8206 52 22 Interest from all other sources 32 44 24 Total interest and rents 26 Profit on sale or maturity of ledger assets Profit on sale 100 shares Penn R R Co stock 85000 sale 50 shares United Gas improvement Co stock 131875 30442 59 8598 96 2168 75 36 Total income 361210 30 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Gross amount paid for losses Accident and health 126877 94 Deduct salvage and reinsurance Ac cident and health 613 69 Net amount paid policyholders for losses 126264 25520 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 classes Accident 23 Salaries fees and other compensation of officers and home office employees 25 Medical examiners fees and salaries 27 Rents 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 33 Printing and stationery 34 Postage and express 33 Furniture and fixtures 40 All other disbursements Traveling expense 665961 miscellaneous expense 67803 45 Total disbursements 6190 57 95507 60 34958 61 2807 46 3700 00 7576 14 208 40 4996 45 9788 14 90 55 7337 64 299425 81 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 4000 00 4 Book value of bonds excluding interest 296805 45 5 Cash deposited in bank 12940 46 11 Ledger assets 313745 91 NONIEDCER ASSETS 12 Interest accrued on mortgages 13 Interest accrued on bonds 15 Interest accrued on other assets 46 66 3652 03 49 53 Total 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to Oct 11905 Accident if On policies or renewals issued prior to October 1 1905 Accident 2214 43 5740 64 33 Total 3748 22 7985 07 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 5740 04 44 Book value of ledger assets over market value viz Bonds 4157 36 325479 20 Total 51 Admitted assets 9898 00 315581 20COMPTROLLERGENERALS REPORT 521 VLIABILITIES Losses and claims In process of adjust ment Accident and health 13505 50 Resisted by company Accident and health 9100 00 16 Net unpaid claims 22605 50 17 Special reserve for unpaid losses Accident 25000 00 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 11224556 unearned premiums 50 per cent 56122 78 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1905 viz Accident 748 15 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 45000 00 47 48 49 50 51 Total amount of all liabilities except capital Capital actually paid up in cash 100000 00 Surplus over all liabilities 66104 77 Surplus as regards policyholders Total liabilities Business in Georgia during 1905 Gross premiums written or renewed during the year Acci dent and health Gross losses paid Accident and health Gross losses incurred Accident and health 149476 43 166104 77 315581 20 30 00 50 00 50 00 GREAT EASTERN CASUALTY AND INDEMNITY CO OF N Y Lewis H Fibel President Thomas H Darling Secretary Principal Office 290294 Broadway New York Shepard Bryan Atlanta Attorney for Service in Georgia Icapital stock 1 Amount of capital paid up in cash 150000 00 2 Amount of ledger assets December 31 as per balance of previous year 281791 72 Extended at 281791 72 IIincome As shown by the books at the home office at close of business December 31 1 Gross premiums unpaid December 31 last year Accident 1447582 health 303830 17514 12522 COMPTROLLERGENERALS REPORT 2 Gross premiums written and renewed during the year Accident 28575083 health 9256379 378314 62 3 Total 395828 74 4 Deduct gross premiums now in course of collection Accident 1616748 health 202888 18496 36 5 Entire premiums collected during the year Accident 28405917 health 9327321 377332 38 6 Deduct reinsurance return premiums and cancellations Accident 4228100 health 1269598 55976 98 18 Total net cash actually received for premiums 321355 40 21 Interest on hondsand dividends on stock 9213 83 22 Interest from all other sources 790 01 24 Total interest and rents 25 Profit on sale or maturity of ledger assets 112 shares Baltimore and Ohio Railroad 15000 three Oregon Short Line Railroad bonds 37002 36 Total income 10003 84 1420 02 332779 26 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 Gross amount paid for losses Accident 8516329 health 2137193 106535 22 18 22 23 24 25 27 30 31 32 33 34 Net amount paid policy holders for losses Commissions on brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 7740159 health 2463271 Stockholders for interest or dividends amount declared during the year Salaries fees and other compensation of officers and home office employees Salaries traveling and all other expenses of agents not paid by commissions Medical examiners fees and salaries Rents All other taxes licenses and insurance department fees Legal expenses Advertising Printing and stationery Postage and express 106535 22 102034 30 7500 00 31545 01 735 00 1572 35 3000 00 5658 56 1767 79 454 96 8031 10 3775 00COMPTROLLERGENERALS REPORT 523 35 Furniture and fixtures 424 23 36 Loss on sale or maturity of ledger assets 100 shares Minnesota and St Louis Railroad preferred 27 00 40 All other disbursements Return premiums 262685 Journal sub 14875 traveling expense 246823 general expense 569144 10935 27 45 Total disbursements 283995 79 IVLEDGEB ASSETS As shown by the books at home office at close of business December 31 1905 4 Book value of bonds excluding interest 20534419 and stocks 7736875 282712 94 5 Cash in companys office 856164 de posited in bank 3930061 47862 25 11 Ledger assetsI 330LO75 19 NONLEDGEB ASSETS 13 Interest due and accrued on bonds 1537 81 15 Interest due and accrued on other assets 59 60 1597 41 18 Market value not including interest on item 13 of bonds and stock over book value 3124 56 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 11905 Accident 1586340 health 221588 38079 28 On policies or renewals issued prior to October 1 1905 Accident 30408 health 11300 417 08 33 Total 18496 36 37 Gross assets 353793 52 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 417 08 51 Admitted assets 353376 44 VLIABILITIES As shown by the books at home office at close of business December 31 1905 1 Losses and claims Reported proofs not received accident 375890 health 724930 11008 20 Resisted by company 1500 00 16 Net unpaid claims 12508 20524 COMPTROLLERGENERALS REPORT 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 17993740 unearned premiums pro rata 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 778516 health 66476 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 150000 00 49 Surplus over all liabilities 92449 62 50 Surplus as regards policyholders 51 Total liabilities Business in Georgia during 1905 Accident Gross premiums on risks written or renewed during the year 1038 78 Gross losses paid 211 27 Gross losses incurred 211 27 89968 70 8449 92 110926 82 242449 62 353376 44 Health 490 66 157 01 157 01 GUARANTEE COMPANY OF NORTH AMERIC V Edward Rawlings President Richard B Scott Secretary Home Office 57 Beaver Hall Hill Montreal Canada W V Custer Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 304600 00 Extended at 1242472 94 IIIXCOME As shown by the books at the home office at close of business December 31 1 Gross premiums unpaid December 31 last year Fidelity 6044 78 2 Gross premiums written and renewed during the year Fidelity 244255 66 Total 250300 44 3 Deduct gross premiums now in course of collection 5735 39 4 Entire premiums collected during the year 5 Deduct reinsurance return premiums and cancellations 244565 05 49177 33 18 Total net cash actually received for premiums 195387 72COMPTROLLERGENERALS REPORT 525 21 Interest on bonds and dividends on stock 46896 84 22 Interest from all other sources 2641 10 23 Gross rents from companys property 3032 33 24 2S Total interest and rents Profit on sale or maturity of ledger as sets 200 shares stock Merchants bank of Canada 355000 300 shares stock Montreal Street Railway 71249 Loss on sale of 100 shares stock Lake of the Woods Milling Company 52570 27 4262 49 939 50 3322 99 36 Total income 251280 98 IIIDISBURSEMENTS As shown by the books at the home office at close of business 1 Gross amount paid for losses Fidelity 83520 72 Deduct salvage and reinsurance Fidelity 22245 35 13 14 18 22 23 24 26 27 28 29 30 31 32 33 34 40 Net amount paid policyholders for losses 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 class Fidelity Stockholders for interest or dividends amount declared during the year Salaries fees and other compensation of officers and home office employees Salaries traveling and all other expenses of agents not paid by commissions Inspections other than medical Rents including 225000 for companys own occupancy Repairs and expenses other than taxes on real estate Taxes on real estate All other taxes licenses and insurance department fees Legal expenses not included in No 14 Advertising Printing and stationery Postage and express All other disbursements Sundry office expenses December 31 61275 37 1328 20 6934 57 24368 00 46288 00 23811 23 15663 93 7723 37 384 58 608 53 6255 92 1438 28 1283 70 3706 65 5933 72 2974 16 45 Total disbursements 209978 21 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 52350 00 4 Book value of bonds excluding interest 38149800 stocks 66010367 1041601 67526 COMPTROLLERGENERALS REPORT 5 8 11 13 15 18 19 37 40 51 15 16 25 26 27 28 32 38 47 48 49 50 51 Cash in companys office 348859 deposited in bank 18253680 Furniture and safe 186025 39 3798 65 Ledger assets NONLEDGER ASSETS Interest accrued on bonds Interest accrued on other assets Market value not including interest in item 13 of bonds and stocks over book value Gross premiums in course of collection viz Fidelity on policies or renewals issued subsequent to Oct 1 1283775 71 7579 83 1633 32 39924 50 5735 39 Gross assets 338648 75 DEDUCT ASSETS NOT ADMITTED Furniture and fixtures 79S 65 Admitted assets VLIABILITIES Losses and claims Fidelity in process of adjustment Deduct reinsurance 1334850 10 23771 00 785 00 Net unpaid claims Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 20250063 unearned premiums 50 per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy152900 unearned premiums pro rata 986 00 101250 31 1529 00 102779 31 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 viz Fidelity Salaries rents expenses taxes bills accounts fees etc due or accrued Other liabilities viz Special reserve for contingencies Total amount of all liabilities except capital Capital actually paid up in cash 304600 00 Surplus over all liabilities 877587 19 Surplus as regards policy holders 1182187 19 Total liabilities 1334850 10 Business in Georgia during 1905 2S6 77 6610 83 20000 00 152662 91 Fidelity Gross Premiums on Risks Written or re Gross Losses Paid Gross Losses newed during the year Incurred 6707 79 3864 00 1353 07COMPTROLLERGENERALS REPORT 527 HARTFORD STEAM BOILER INSPECTION AND INSURANCE COM PANY OP CONNECTICUT L B Brainerd President J B Pierce Secretary Home Office 650 Main Street Hartford Conn ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of net ledger assets as per bal ance December 31 1904 3051113 62 Extended at 3051113 62 IIIJfCOME Steam Boiler 264450 52 1 Gross premiums unpaid December 31 last year 2 Gross premiums written and renewed during the year 1429695 08 3 Total 1694145 60 4 Deduct gross premiums now in course of collection 308698 57 5 Entire premiums collected during the year 1385447 03 6 Deduct reinsurance return premiums and cancellations 157222 37 18 Total net cash actually received for premiums 1228224 66 19 Interest on mortgage loans 39392 12 21 Interest on bonds and dividends on stock 97015 76 22 Interest from all other sources 3362 01 23 Gross rents from companys property 389 90 24 Total interest and rents 25 Profit on sale or maturity of ledger assets On real estate 2445000 on sale or maturity of securities 468300 Dayton and Western R R Co bonds 29 Special inspections and expert mechanical service 140159 79 29133 00 18155 81 36 Total income 1415673 26 IIIDISBURSEMENTS 13 Net amount paid policyholders for losses Steam boiler 85425 51 J8 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Steam boiler 280523 11528 COMPTROLLERGENERALS REPORT 22 Stockholders for interest or dividends amount declared during the year 23 Salaries fees and all other compensation of officers and home office employees 2 Salaries traveling and all other expenses of agents not paid by commissions 26 Inspections other than medical 27 Rents companys own occupancy 28 Repairs and expenses other than taxes on real estate 29 Taxes on real estate 30 All other taxes licenses and insurance department fees 31 Legal expenses 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 36 Loss on sale or maturity of securities Texas N O R R bonds 269000 Gladwin Mich bonds 7000 Ath ens Ga bonds 1000 Beaver township drainage bonds 10000 Albion Neb village bonds 6750 agents balances 225000 60000 00 52550 00 126092 44 461568 80 5500 00 900 94 158 61 41474 53 674 91 5339 43 17397 79 11109 87 2706 42 5187 50 44 Total disbursements 1156609 86 IVLEDGER ASSETS 1 Book value of real estate unincumbered 14690 00 2 Mortgage loans on real estate first liens 952645 00 4 Book value of bonds excluding interest 194272343 and stocks 26228636 2205009 79 5 Cash in companys office 1545409 deposited in bank 12237814 137832 23 11 Ledger assets 3310177 02 NOXLEDGEB ASSETS 12 Interest accrued on mortgages 18 Market value of bonds and stocks over book value 19 Gross premiums in course of collection viz Steam Boiler On policies or renewals issued subsequent to October 1 1905 201827 69 On policies or renewals issued prior to October 1 1905 106870 88 24082 58 152059 21 33 Total 308698 57 37 Gross assets 3795017 3SCOMPTROLLERGENERALS REPORT 529 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 11905 106870 88 51 Admitted assets 3 148 50 VLIABILITIES 1 Losses and claims in process of adjustment steam boiler 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 6509183 un earned premiums fifty per cent 32545 91 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 352002989 unearned premiums pro rata 1819160 42 34G14 94 20 Total unearned premiums 1851706 33 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1905 viz Steam boiler 40365 54 40 Total amount of all liabilities except capital 1926686 81 41 Capital actually paid up in cash 500000 00 42 Surplus over all liabilities 1261459 69 43 Surplus as regards policyholders 1761459 69 44 Total liabilities Business in Georgia during 1905 Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred 34 in 3688146 Steam Boiler 50 14606 01 758 96 553 08 530 COMPTROLLERGENERALS REPORT LONDON GUARANTEE AND ACCIDENT COMPANY LIMITED A W Masters General Manager Home Office for the United States 315 Dearborn Street Chicago 111 ICAPITAL STOCK 1 Amount of capital paid up in cash statutory de posit 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 1429929 78 3 Increase of deposit capital during the year 50000 00 Extended at 1479929 78 IIIXOOMF 1 Gross premiums unpaid December 31 last year Accident 3400466 liability 20813956 242144 22 2 Gross premiums written and renewed during the year Accident 18882346 liability 128841380 credit 2742250 1504659 76 3 Total 1746803 98 4 Deduct gross premiums now in course of collection Accident 2587976 liabil ity 20238120 credit 427500 232535 96 5 Entire premiums collected during the year Accident 19694836 liability 129417216 credit 2314750 1514268 02 6 Deduct reinsurance return premiums and cancellations Accident 3694997 lia bility 18210829 credit 200000 221058 26 18 Total net cash actually received for premiums 1293209 76 21 Interest ombonds and dividends on stock 46924 42 22 Interest from all other sources 2128 28 36 Total income 1342262 46 IIIDISBTJBSEMENTS 1 Gross amount paid for losses Accident 8538001 lia bility 32932439 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 52707 liability 13879986 414704 40 139326 93COMPTROLLERGENERALS REPORT 531 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 4507403 liability 28624166 credit 634425 337659 94 22 Stockholders for interest or dividends amount declared during the year remitted home office 50571 73 23 Salaries fees and all other compensation of officers and home office employees 70911 74 24 Salaries traveling and all other expenses of agents not paid by commissions 26626 69 26 Inspections other than medical 9189 08 27 Rents 8710 83 30 All other taxes licenses and insurance department fees 20099 70 31 Legal expenses not included in No 14 1423 43 32 Advertising 3617 10 33 Printing and stationery 11812 60 34 Postage and express 3494 21 35 Furniture and fixtures 2426 21 40 All other disbursements Traveling expenses 382990 exchange 48222 trustees and auditors fees 2425 sundry 872971 15466 83 45 Total disbursements 1116041 42 IVLEDGEE ASSETS 4 Book value of bonds excluding interest 1573172 37 5 Cash in companys office 97845 deposited in banks 13200000 132978 45 11 Ledger assets 1706150 82 NONLEDGEE ASSETS 1 h ot o 70 13 Interest accrued on bonds 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 2455760 liability 19462332 credit 427500 223455 92 On policies or renewals issued prior to October 1 1905 Accident 132216 lia bility 775788 9080 04 232535 96 33 Total 1956500 48 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 9080 04532 COMPTROLLERGENERALS REPORT 44 Book value of ledger assets over market value viz Bonds owned Total 51 Admitted assets 47299 47 56379 51 1900120 97 VLIABILITIES 1 Losses and claims In process of adjustment Resisted Accident 15515 06 13300 00 13 Total 28815 06 1C Special reserve for unpaid liability losses 853584 02 17 Total unpaid claims and expenses of settlement 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 90336278 un earned premiums 50 per cent 451681 39 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 7167661 unearned premiums pro rata 43592 74 20 Total unearned premiums 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 675334 liabil ity 5352141 credit 128250 Salaries rents expenses taxes bills accounts fees etc due or accrued 25 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 42 Surplus over all liabilities 43 Surplus as regards policyholders 250000 00 209810 17 882399 OS 495274 13 61557 25 1080 34 1440310 80 459810 17 44 Total liabilities I 1900120 97 Business in Georgia during 1905 Accident Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred Liability 1442 00 6001 39 281 55 2292 2T 281 55 2292 27 COMPTROLLERGENERALS REPORT 533 LLOYDS PLATE GLASS INSURANCE COMPANY OP NEW YORK William T Woods President Charles E W Chambers Secretary Home Office No 63 William Street New York N Y 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 701112 83 Extended at 701112 83 IIINCOME As shown by the books at home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Plate glass 76542 13 2 Gross premiums written and renewed during the year Plate glass 468877 44 Total 545419 57 3 Deduct gross premiums now in course of collection Plate glass 79534 43 4 Entire premiums collected during the year Plate glass 465885 14 5 Deduct reinsurance return premiums and cancellations Plate glass 21881 60 18 Total net cash actually received for premiums5 21 Interest on bonds and dividends on stock 19112 52 23 Gross rents from companys property 14177 65 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Sale of 100 shares New York Air Brake Co stock 30 From all other sources On profit and loan account 444003 54 33290 17 433 50 18 23 36 Total income 477745 44 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 Plate Glass 1 Gross amount paid for losses 138258 10 2 Deduct salvage and reinsurance 793 88 3 Net amount paid policyholders for losses 129464 22534 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 24 Salaries traveling and all other expenses of agents not paid by commissions 27 Rents 28 Repairs and expenses other than taxes on real estate 29 Taxes on real estate 30 All other taxes licenses and insurance department fees 31 Legal expenses 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 40 All other disbursements Sundries 517386 profit and loss 106 45 Total disbursements 149093 32 50000 00 54938 00 611 13 1074 55 5121 32 5165 49 13596 42 121 25 2310 01 2656 85 4OSS 67 258 14 5174 92 423669 29 LEDGER ASSETS As shown by the books at home office at close of business December 31 1905 1 Book value of real estate unincumbered 245703 18 4 Book value of bonds excluding interest 23441487 and stocks 24331371 5 Cash in companys office 1298658 deposited in bank 1871064 477728 58 31697 22 11 Ledger assets 7551SS 98 NONLEDGEB ASSETS 17 Market value of real estate over book value 18 Market value of bonds and stock over book value 19 Gross premiums in course of collection viz Plate Glass On policies or renewals issued subsequent to October 1 1905 76431 15 On policies or renewals issued prior to Oc tober 1 1905 3103 28 33 Total 34 Other nonledger assets viz Salvage glass on hand 4 37152 sundry accounts 22000 37 Gross assets 19236 82 9311 20 79534 4S 4591 52 867862 95COMPTROLLERGENERALS REPORT 535 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 3103 28 44 Book value of ledger assets over market value viz Salvage glass on hand 4 37152 sundry accounts 22000 4591 52 Total 51 Admitted assets 7694 860168 15 VLIABILITIES 1 Losses and claims In process of adjustment plate glassS 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 37780255 un earned premiums 50 per cent 188901 27 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 11470350 unearned premiums pro rata 61250 92 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 1905 viz Plate glass 38 Other liabilities viz Due for plate glass and glazing 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 250000 00 49 Surplus over all liabilities 316750 08 50 Surplus as regards policyholders 51 Total liabilities 5973 35 250152 19 25477 05 11815 48 293418 07 566750 08 860168 15 Business in Georgia during 1905 Gross premiums on risks written or renewed during the yeari Gross losses paid Gross losses incurred Plate Glass 1663 77 705 92 805 79536 COMPTROLLERGENERALS REPORT MARYLAND CASUALTY COMPANY OP MARYLAND John T Stone President James P Mitchell Secretary Home Office Maryland Casualty Building Baltimore Md A Haas Sox Atlanta Attorney 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 2888726 70 Extended at 28S8726 70 IIINCOME As shown by the books at home office at close of business December 31 1 Gross premiums unpaid December 31 last year Accident 8131325 health 9 05G34 liability 25261726 plate glass 3463962 steam boiler 2246466 burglary 2810284 sprinkler 12289 49 440483 46 2 Gross premiums written and renewed during the year Accident 58506881 health 7115175 liability 1445368 70 plate glass 21228747 steam boil er 13304599 burglary 22435369 sprinkler 9200048 2763276 89 1905 Total 3203760 35 Deduct gross premiums now in course of collection Accident 8693802 health 1034852 liability 23514375 plate glass 3206506 steam boiler 2S855 71 burglary 3510360 sprinkler 15 19270 443647 36 4 Entire premiums collected during the yearAccident 57944404 health 69 85957 liability 146284221 plate glass 21486203 steam boiler 126 65494 burglary 21735293 sprinkler 8909727 2760112 99 5 Deduct reinsurance return premiums and cancellations Accident 15300171 health 1860519 liability 30351757 plate glass 5149879 steam boiler 31COMPTROLLERGENERALS REPORT 537 64391 burglary 7467787 sprinkler 1924877 652193 81 18 Total net cash actually received for premiums 2107919 18 21 Interest on bonds and dividends on stock 94659 96 22 Interest from all other sources 1162 86 23 Gross rents from companys property 9358 12 24 Total interest and rents 105180 94 25 Profit on sale or maturity of ledger assets Virginia Cen tury 1110188 Drovers Mechanics Nat Bank 30 000 Central of New Jersey 12500 Penna Company gold loan 4250 Louisville and Nashville Unified 4s 27082 41978 52 29 Inspections 66754 59 36 Total income 2321394 91 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 19909863 health 2880437 liability 46871936 plate glass 6222728 steam boiler 570385 burglary 52 08597 sprinkler 2890801 845547 47 2 Deduct salvage and reinsurance Accident 349215 health 27856 liability 2 88695 plate glass 151926 steam boil er 20000 burglary 1097014 sprink ler 26222 19609 28 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 494306 health 40503 lia bility 23313566 plate glass 25125 steam boiler 46091 burglary 356721 sprinkler 392395 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 15031490 health 1596425 lia bility 27166453 plate glass 5544751 steam boiler 3605927 burglary 4036128 sprinkler 1660387 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 825938 19 246687 07 586415 61 90000 00 125295 41 83329 95 1500 0053 COMPTROLLERGENERALS REPORT 26 Inspections other than medical 54276 46 27 Rents companys own occupancy 9803 22 28 Repairs and expenses other than taxes on real estate 2406 90 30 All other taxes licenses and insurance department fees 47637 801 31 Legal expenses not included in No 14 4999 92 32 Advertising 11987 31 33 Printing and stationery 13540 07 34 Postage and express 3128 37 40 All other disbursements General expense 651999 traveling 323633 9756 32 45 Total disbursements t 2117302 60 IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 1 Book value of real estate 420836 49 4 Book value of bonds excluding interest 224827320 and stocks 19724675 2445519 95 5 Cash in companys office 2950903 deposited in bank 8126114 110770 IT 6 Bills receivable 4859 22 7 Other ledger assets Ground rent 10000000 agents balances 1083318 110833 18 11 Ledger assets 3092819 01 NOXIKIMIKI ASSETS 13 Interest accrued on bonds 133S4 60 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 8693802 health 1034852 liability 23514375 plate glass 3206506 steam boiler 28 85571 burglary 3510360 sprinkler 1519270 443647 36 37 Gross assets 3549850 97 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 4859 22 44 Book value of ledger assets over market value viz 5139862 agents balances 1083318 62231 80 Total 67091 02 51 Admitted assets 34S2759 95COMPTROLLERGENERALS REPORT 539 IIILIABILITIES 1 Losses and claims In process of adjustment Accident 30 32014 health 345821 liability 79 29900 plate glass 805100 steam boil er 989604 burglary 532864 sprink ler 172000 3 Resisted by company Accident 781875 health 33750 steam boiler 397500 burglary 183750 Resisted for policyholders Liability 138073 03 13968 75 320967 75 16 Net unpaid claims 17 Special reserve for unpaid losses viz Liability 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 344289 health 17579 liabil ity 13342225 plate glass 4371 steam boiler 2 13896 burglary 107586 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 162547246 unearned premiums 50 per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 237677 12 unearned premiums pro rata 27 Total unearned premiums Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 2897934 healta 310455 liability 5301960 plate glass 10 68835 steam boiler 721393 burglary 965349 sprinkler 379817 Total amount of all liabilities except capital 48 Capital actually paid up in cash 750000 00 49 Surplus over all liabilities 903594 64 Surplus as regards policyholders 25 26 28 812736 23 136662 66 473009 53 150000 00 140299 46 949398 89 47 50 51 116457 43 1829165 31 1653594 64 Total liabilities 3482759 95 Business in Georgia during 1905 Accident Health Liability Plate glass Steam boiler Burglary Sprinkler Gross Premiums on Risks Written 34288 55 1469 12 26575 18 2541 18 1429 17 2502 82 504 83 Gross Losses Paid 17590 42 1188 00 9306 30 630 18 2173 31 136 41 Gross L sses Incurr d 17590 42 1188 00 9306 30 630 18 2173 31 130 41540 COMPTROLLERGENERALS REPORT THE METROPOLITAN PLATE GLASS AND CASUALTY INSURANCE COMPANY OF NEW YORK Eugene H Winslow President S W Burton Secretary Home Office 47 Cedar Street New York City J L Riiey Atlanta Attorney for Service in Georgia t 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 541353 32 541353 ul IIIXCOME As shown by the books at home office at close ot business December 31 1905 1 Gross premiums unpaid December 31 last year Accident 469613 health 488 plate glass 6638374 71567 87 2 Gross premiums written and renewed during the year Accident 6847244 health 1129664 plate glass 486304 66 566073 74 Total 637641 61 Deduct gross premiums now in course of collection Accident 1071479 health 186125 plate glass 6589093 78466 97 3 Entire premiums collected during the year Accident 6245378 health 9 92339 plate glass 48679747 559174 64 5 Deduct reinsurance return premiums and cancellations Accident 1143851 health 217429 plate glass 6501016 78522 96 IS Total net cash actually received for premiums 480651 68 21 Interest on bonds and dividends on stock 18524 95 22 Interest from all other sources 724 56 24 Total interest and rents 19249 51 36 Total income 499901 19COMPTROLLERGENERALS REPORT 541 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 1399541 health 158425 plate glass 14979624 165375 90 2 Deduct salvage and reinsurance Plate glass 1166 75 3 Net amount paid policyholders for losses 164209 15 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 1879380 health 204086 plate glass 15440381 175238 47 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 62080 34 24 Salaries traveling and all other expenses of agents not paid by commissions 9423 51 25 Medical examiners fees and salaries 530 30 27 Rents 6380 80 30 All other taxes licenses and insurance department fees 13612 92 31 Legal expenses 382 92 32 Advertising 3333 18 33 Printing and stationery 9692 42 34 Postage and express 3486 96 35 Furniture and fixtures 1117 36 40 All other disbursements Profit and loss 74719 sun dries 593735 6684 54 45 Total disbursements 476172 87 IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 4 Book value of bonds excluding interest 41530625 and stocks 10262870 1 517934 95 5 Cash in companys office 201733 deposited in bank 4512936 47146 69 11 Ledger assets 565081 64 NONLEDGER ASSETS 13 Interest accrued on bonds 4410 80 18 Market value not including interest in item 13 of bonds and stock over book value 27945 05 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Aceident 1029071 health 186125 plate glass 6502839 77180 35542 COMPTROLLERGENERALS REPORT On policies or renewals issued prior to Oc tober 1 1905 Accident 42408 plate glass 86254 L286 62 Total 34 Other nonledger assets viz Plate glass on hand 3370 70 accounts due for glass sold 8801 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 51 Admitted assets 78406 97 3458 71 679363 17 1286 62 678076 55 VLIABILITIES 1 Losses and claims In process of adjustment Plate glass 6899 40 Reported proofs not received Accident 263100 health 27750 2908 50 Resisted by company Accident 2500 00 16 Net unpaid claims 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 491 34056 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 1905 viz Accident 377107 health 65143 plate glass 2290591 32 Salaries rents expenses taxes bills accounts fees 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 190889 55 50 Surplus as regards policyholders 51 Total liabilities 12307 90 245670 28 27328 41 1588 00 292 41 287187 00 3908S9 55 67S076 55 Business in Georgia daring 1905 Accident Health Gross premiums on risks writ ten or renewed during the year 11593 11 2138 94 Gross losses paid 1282 38 264 28 Gross losses incurred 1672 38 314 28 lateG ass 2434 30 701 12 738 32 COMPTROLLERGENERALS REPORT 543 METROPOLITAN SURETY COMPANY OP NEW YORK John J Caullet President Frank A Condon Secretary Home Office 38 Park Row New York City ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance April 1 1905 3 Increase of paidup capital during the year Increase of paidup surplus during the year 275000 00 250000 00 125000 00 Extended at 650000 00 rtINCOME 2 Gross premiums written and renewed during the year Fidelity 2043309 surety 10959151 130024 60 3 Deduct gross premiums now in course of collection Fidelity 801196 surety 3113560 39147 56 4 Entire premiums collected during the year Fidelity 1242113 surety 78 45591 5 Deduct reinsurance return premiums and cancellations Fidelity 22363 surety 85004 90877 04 1073 67 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 22 Interest fromall other sources 649 65 24 Total interest and rents 30 From all other sources Collateral deposits 741389 miscellaneous receipts 11794 36 Total income IIIDISBURSED EXTS 1 Gross amount paid for losses Fidelity 7000 surety 193954 2 Deduct salvage and reinsurance Surety 2009 54 1775 10 3 Net amount paid policyholders for losses 39803 37 8049 65 7531 83 105384 85 234 38544 COMPTROLLERGENERALS REPORT 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 249351 surety 697029 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 companys own occupancy 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 37 Collateral deposits returned 38 Telephone and telegraph 39 Organization expenses 40 All other disbursements Interest accrued on securities purchased 259374 subscription to Duns Reference Reports 15000 fire insurance 7421 fidelity insur ance 16500 petty cash and incidentals 129529 45 Total disbursements IVLEDGER ASSETS 4 Book value of bonds and stocks 5 Cash in companys office 548538 deposited in banks 38525298 7 Other ledger assets Furniture and fixtures 514421 mortgage taken as salvage 177516 11 Ledger assets 41 50 9463 80 23905 03 16534 01 6014 02 2431 38 1066 58 2668 98 5957 67 1872 20 3031 00 967 88 6816 70 4278 24 85283 37 272443 7 390738 36 6919 37 670101 48 NOSLEDGER ASSETS 13 Interest due 100000 and accrued 157918 on bonds 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Fidelity 777196 surety 2145676 29228 72 On policies or renewals issued prior to Oc tober 1 1905 Fidelity 24000 surety 967884 9918 84 Total 37 Gross assets 2579 18 39147 56 711828 22COMPTROLLERGENERALS REPORT 545 DEDUCT ASSETS NOT ADMITTED 40 Furniture and fixtures 5144 21 43 Gross premiums in course of collection written prior to October 1 1905 9918 84 44 Book value of ledger assets over market value viz Bonds 2187 50 Total 51 Admitted assets VLIABILITIES 1 Losses and claims Adjusted Surety 1800 00 Reported proofs not received Fidelity 520 72 17 Total unpaid claims 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 11093825 un earned premiums 50 per cent 55469 12 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of poicy 700763 unearned premiums pro rata 5849 04 20 Total unearned premiums 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Fidelity 112312 sure ty 345535 31 Other liabilities viz Trust funds 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 500000 00 42 Surplus over all liabilities 122337 43 43 Surplus as regards policyholders 44 Total liabilities 35 in 17250 55 694577 67 2320 72 60958 16 4578 47 4382 89 72240 24 622337 43 694577 67546 COMPTROLLERGENERALS REPORT MICHIGAN COMMERCIAL INSURANCE CO LANSING MICH Prank A Hooker President A D Baker Secretary Home Office 118 West Ottawa Street Lansing Mich ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 Amount of ledger assets as per balance December 31 of previous year Extended at 300000 00 300000 U0 1 Gross premiums 2 Deduct reinsurance rebate abatement and return premiums 3 Total premiums other than perpetuals 5 Interest on mortgage loans 7 Interest on bonds and dividends on stocks 8 Interest from all other sources Fire 530902 64 221229 75 1738 55 4857 24 2866 68 10 Total interest 11 Profit on sale or maturity of ledger assets premium on bonds sold 13 Total income 309672 89 9462 47 8962 00 328097 36 IIIDISBURSEMENTS 1 Gross amount paid for losses 2 Deduct amount received for salvage 53965 and for reinsurance in other companies 83055732 Fire 98548 07 31096 97 3 Net amount paid for losses 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 29982 adjust ing expense 34891 agency expense 156917 legal expense 70851 postage 145912 traveling expense 564350 printing and lithographing 622682 sta tionery signs and supplies 324956 express and freight 112177 telephone and telegraph 19185 miscellaneous expense 13839 premium on bonds purchased 1841631 67451 10 67566 02 9627 44 3654 37 16 Total disbursements 38378 7 186672 66COMPTROLLERGENERALS REPORT 547 455750 03 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 146800 00 4 Book value of bonds excluding interest 175200 00 5 Cash in companys office 110000 deposited in banks 7669557 77795 57 6 Agents balances representing business written subse quent to October 1 1905 41556 88 7 Agents balances representing business written prior to October 1 1905 72 25 11 Total ledger assets 441424 70 NONLEDGER ASSETS 12 Interest accrued on mortgages 1294 12 13 Interest accrued on bonds and stocks 3230 79 15 Interest accrued on other assets 453 32 17 Total 4978 23 19 Market value not including interest in item 13 of bonds and stocks over book value 9317 10 21 Gross assets DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business written prior to October 11905 72 25 9 Total admitted assets VLIABILITIES 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 24933 62 5 Deduct reinsurance due or accrued 6781 73 6 Net amount of unpaid losses and claims 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 19003754 unearned premiums 50 per cent 95018 77 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired Are risks running more than one year from date of policy 6006123 unearned premiums pro rata 50942 30 12 Total unearned premiums as computed above 145961 07 24 Total amount of all liabilities except capitalS 164112 96 455677 78 18151 89548 COMPTROLLERGENERALS REPORT 25 Capital actually paid up in cash 200000 00 26 Surplus over all liabilities 91564 82 27 Surplus as regards policyholders 291564 82 28 Total liabilities 455677 78 NATIONAL SURETY COMPANY William B Joyce President Samuel H Sheivek Secretary Principal Office No 346 Broadway New York N Y Cliff C Hatcher 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 1891889 30 Extendedat 1891889 30 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 16307003 burglary 2464292 187712 95 Gross premiums written and renewed during the year Fidelity and surety 128295990 burglary 15531056 1438270 46 Total Deduct gross premiums now in course of collection Fidelity and surety 177 11327 burglary 3691727 1625983 41 214030 54 Entire premiums collected during the year Fidelity and surety 126891666 burglary 14308621 1411952 87 Deduct reinsurance return premiums and cancellations Fidelity and surety 18312628 burglary 1779498 200921 26 18 Total net cash actually received for premiums 19 Intereston mortgage loans 234 50 20 Interest on collateral loans 560 00 21 Interest on bonds and dividends on stock 44953 61 22 Interest from all other sources 1790 39 23 Gross rents from companys property 4791 10 1211031 61 24 Total interest and rents 52329 60COMPTROLLERGENERALS REPORT 549 25 30 Profit on sale or maturity of ledger assets On sale Yon kers real estate 700000 on sale Nashville Tenn real estate 34200 7342 00 From all other sources Refund of N Y City 1899 and 1900 taxes 815675 miscellaneous 15351 rein surance due 192222 company surety 56500 cash received as collateral 4644499 interest on cash col lateral 536328 salvage unapplied 724552 com mission due agents 12558 cash collateral from Munich Reinsurance Co 530606 suspense accounts premiums unadjusted 229768 agency difference 10053 miscellaneous 17833 77859 45 Total income 1348562 66 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 1 Gross amount paid for losses Fidelity 28173829 and surety 29601262 burglary 2593359 603684 50 2 Deduct salvage and reinsurance Fidelity 11189527 surety 3665216 burg lary 250905 151056 48 3 Net amount paid policy holders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Legalexpenses1713733 fidelity 2263355 Less salvagel93999 20693 56 452628 02 17 Surety 52479 burglary 116458 less 41 17 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity and surety J860460S burglary 3250174 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 Fidelity 892780 surety 335 trianman132748 27 Rents 28 Repairs and expenses other than taxes on real estate 29 Taxes on real estate 30 All other taxe licenses and insurance department fees 33 Advertising 404557 printing and stationery 22 50579 postage and express 2119293 furniture and fixtures 327299 47351 85 218547 82 128835 45 98027 71 10258 63 12177 29 1023 81 1913 76 27114 08 51017 18 550 COMPTROLLERGENERALS REPORT 36 40 Loss on sale or maturity of ledger assets Depreciation in value of securities charged off 51708750 items not admitted December 1904 charged off equipment 2700583 real estate S1620855 stocks and bonds 6128950 12159138 All other disbursements Telephone and telegraph 3 51248 losses through agents and others 29000 mis cellaneous expenses home office 1211226 Munich Reinsurance Co real estate account 22020 16134 94 Total disbursements 1186622 02 IVLEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 118426 77 2 Mortgage loans on real estate first liens 1200 00 4 Book value of bonds excluding interest 113355625 and stocks 2500000 1158556 25 5 Cash in companys office 1833434 de posited in bank 65385009 672184 43 6 Accounts receivable Refund fares 6010 R R inspectors advance 208481 and others 5189193 54036 84 7 Other ledger assets Advance on con tracts 4267457 accrued interest 6 75108 4942565 Ledger assets 2053829 94 NONLBDGER ASSETS 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 11905 Fidelity and surety 12911888 burglary 3376506 162883 94 On policies or renewals i ssued prior to October 1 1905 Fidelity and surety 4790439 burglary 315221 51146 60 Total 214030 54 Gross assets 2267860 48 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 51146 60 Admitted assets 2216713 88COMPTROLLERGENERALS REPORT 551 VLIABILITIES Losses and claims In process of adjustment Fidelity 15 95545 less cash collected 264600 1330945 surety 2762284 burglary 332200 Reported proofs not received Fidelity Resisted Fidelity 3017527 surety 11146192 Total 15 Deduct reinsurance 44254 29 22091 18 141637 19 207982 66 9354 53 16 Net unpaid claims 198628 13 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1282076 84 unearned premiums 50 per cent 641038 42 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1905 viz Fidelity and bur glary 26602 38 37 Due for reinsurance 666977 for company surety 161062 Munich Reinsurance Company real estate 8275 and reinsurance reserve 1591301 24276 15 38 Other liabilities viz Special reserve a voluntary safety fund created by the company 20000000 cash deposited as collateral and interest thereon deposited in special accounts in banks17464504 premiums un adjusted 392206 suspense loss and salvage 7245 52 suspense agency balance10053 due agents com missions 9524 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 500000 00 49 Surplus over all liabilities 440160 41 50 Surplus as regards policyholders 51 Total liabilities 410284 54 1276553 47 940160 41 2218713 88 Business in Georgia during 1905 Gross premiums on risks written or renewed during the year Grogs losses paid Gross losses incurred Fidelity and Surety 10527 29 3360 05 2644 15 Burglary anu Theft 600 44 29 00 44 00552 COMPTROLLERGENERALS REPORT NEW YORK PLATE GLASS INSURANCE COMPANY NEW YORK Major A White President J Carroll French Secretary Home Office 42 Cedar Street New York 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 Extended at 589508 24 589508 24 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 90834 06 Gross premiums written and renewed during the year Plate glass 529419 40 Total 620253 46 Deduct gross premiums now in course of collection Plate glass 88331 17 Entire premiums collected during the the year Plate glass 531922 29 Deduct reinsurance return premiums and cancellations Plate glass 77492 34 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 21315 41 22 Interest from all other sources 2623 37 24 Total interest 26 Profit on sale or maturity of ledger assets Stocks and bonds 454429 95 23938 78 12405 86 36 Total income 490774 59 IIIDISBURSEMENTS As shown by the books at the home office at close of business December 31 Gross amount paid for losses Plate glass 3 159696 10 Deduct salvage and reinsurance Plate glass 2530 72 13 Total 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Plate glass 157165 38 159830 30 COMPTROLLERGENERALS REPORT 553 22 Stockholders for interest or dividends amount declared during the year 11 per cent 23 Salaries fees and other compensation of officers and home office employees 24 Salaries traveling and all oiher 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 Ad vertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 40 All other disbursements Traveling expenses 12540 suspense 34132 general expense 931663 45 Total disbursements 16000 00 42962 66 5363 36 5279 08 12527 9i i 1174 86 243 74 2065 11 1642 90 420 59 9783 35 414459 29 IVLEDGER ASSETS Book value of bonds excluding interest 15031024 and stocks 45973537 Gash in companys office 224014 deposited in banks 5353779 610045 61 55777 93 11 Ledger assets 665823 54 NONLEDGER ASSETS 18 Market value not including interest in item 13 of bonds and stock over book value 19 Gross premiums in course of collection viz On policies or renewals issued subsequent plate GlasP to October 1 1905 87891 82 On policies or renewals issued prior to October 1 1905 41954 39 439 35 33 Total 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 51 Admitted assets 88331 17 796109 10 439 35 VLIABILITIES 1 Losses and claims Adjusted not due plate glass 6 47395 in process of adjustment 211400 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 44326232 unearned premiums 50 per cent 221631 16 795669 75 8587 95554 COMPTROLLERGENERALS REPORT 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 32 78560 unearned premiums pro rata 17968 95 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 1905 viz Plate glass 33 Dividends due stockholders January 1 1906 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 305140 35 50 Surplus as regards policyholders 51 Total liabilities S Business in Georgia during 1905 Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred 239600 11 30311 34 12000 00 290529 40 505140 35 795669 75 Plate Glass 2529 35 613 49 618 49 NORTH AMERICAN ACCIDENT INSURANCE COMPANY OP ILLINOIS 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 303177 90 Extended at 303177 90 IIINCOME As shown by the books at home office at close of business December 31 1905 Accident 1 Gross premiums unpaid December 31 last year 52387 05 2 Gross premiums written and renewed during the year 705456 45 3 Total 757843 50COMPTROLLERGENERALS REPORT 555 4 Deduct gross premiums now in course of collection 57366 35 5 Entire premiums collected during the year 700477 15 6 Deduct reinsurance return premiums and cancellations 92536 61 IS Total net cash actually received for premiums 607940 54 19 Interest on mortgage loans 3259 28 20 Interest on collateral loans 1153 75 21 Interest on bonds and dividends on stock 7530 66 22 Interest from all other sources 3123 26 30 Prom all other sources Appreciation in value of bonds to bring same to market value 1893 19 36 Total income 624900 68 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 Ate dent 1 Gross amount paid for losses 219328 74 2 Deduct salvage and reinsurance 172 50 3 Net amount paid policyholders for losses 219156 24 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 5437 42 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 157313 33 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 58334 11 24 Salaries traveling and all other expenses of agents not paid by commissions 23590 30 25 Medical examiners fees and salaries 3327 62 27 Rents 4471 30 All other taxes licenses and insurance department fees 11407 32 31 Legal expenses not included in No 14 699 40 32 Advertising L246 56 33 Printing and stationery 12284 98 34 Postage and express 7706 65 35 Furniture and fixtures i438 98 40 All other disbursements Incidental expenses 1084619 traveling expenses 763849 hospital fees 84534 19330 02 45 Total disbursements 545744 63556 COMPTROLLERGENERALS REPORT IVLEDGES ASSETS As shown by the books at home office at close of business December 31 1905 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collat erals 4 Book value of bonds excluding interest 5 Cash in companys office 127819 deposited in bank 6015304 7 Other ledger assets Value 80000 advanced to agent se cured by manager on business and National Car Coupler stock 385912 funds in branch office for managers current use 11 Ledger assets NOXLEDGEB ASSETS 12 Interest accrued on mortgages 13 Interest accrued on bonds 14 Interest accrued on collateral loans 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 acci dent 37 Gross assets 54350 00 39000 00 222893 60 61431 23 4659 12 384333 95 759 56 576 65 402 76 57366 35 441439 27 VLIABILITIES 1 Losses and claims In process of adjustment Resisted by company 23370 00 2450 00 16 Net unpaid claims 25820 00 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 500 00 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 16728106 unearned premiums fifty per cent 83640 53 28 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 14341 58 Salaries rents expenses taxes bills accounts fees etc due or accrued 973 3g 32 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 100000 00 49 Surplus over all liabilities 216163 78 125275 49 50 Surplus as regards policyholders 316163 78 51 Total liabilities 441439 27COMPTROLLERGENERALS REPORT Business in Georgia during 1905 Gross premiums on risks written or renewed during the year Gross losses paid Gross losses incurred 557 Accident 3760 12 842 75 902 75 THE OCEAN ACCIDENT AND GUARANTEE CORPORATION LIMITED OF LONDON ENGLAND Oscae Ising General Manager for the United States American Head Office 350 Broadway New York City ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year 2394079 42 Extended at 2394079 42 2 IIINCOME Gross premiums unpaid December 31 last year Accident 2119963 health 464 69 liability 12364120 steam boiler 817091 burglary and theft 1177098 165247 41 Gross premiums written and renewed during the year Accident 25111612 health 1425634 liability 1224622 85 steam boiler 7730034 burglary and theft 14780128 credit 39520771 2110304 64 3 Total 2275552 05 4 Deduct gross premiums now in course of collection Accident 3183224 health 275526 liability 11672444 steam boiler 859924 burglary and theft 1431215 174223 33 5 Entire premiums collected during the year Accident 24048351 health 11 96577 liability 123153961 steam boiler 7687201 burglary and theft 14526011 credit 39520771 2101328 72 6 Deduct reinsurance return premiums and cancellations Accident 5367145 health 324225 liability 30740404 steam boiler 3284643 burglary and theft 4615808 credit 516759 448489 84 18 Total net cash actually received for premiums 1652838558 COMPTROLLERGENERALS REPORT 21 Interest on bonds and dividends on stock 75808 56 22 Interest from all other sources 4278 36 25 Profit on sale or maturity of ledger assets 13463 25 36 Total income 1746389 05 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 6708746 health 118503 liability 32539556 steam boiler 2322107 burglary and theft 1595724 credit 22198182 654828 18 2 Deduct salvage and reinsurance Accident 270075 burglary and theft 181291 credit 3314142 37655 08 3 Net amount paid policyholders for losses 617173 10 14 Investigation and adjustment of claims including legal and other expenses in defence of suits against policy holders viz Accident 1076874 health 44184 lia bility 11159172 steam boiler 505987 burglary and theft 579795 133660 12 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 5934497 health 261704 liabil ity 21885999 steam boiler 1313685 burglary and theft 2843957 credit 8213821 404536 63 23 Salaries fees and all other compensation of officers and home office employees 101932 67 24 Salaries traveling and all other expenses of agents not paid by commissions 29363 86 25 Medical examiners fees and salaries 97 00 26 Inspections other than medical 18556 09 27 Rents 9592 95 30 All other taxes licenses and insurance department fees 36434 89 31 Legal expenses not included in No 14 6197 35 32 Advertising 8jl65 65 33 Printing and stationery 10226 65 34 Postage and express 4487 61 35 Furniture and fixtures 3151 39 40 All other disbursements Telegrams 69754 telephone 83633 surety bonds 18427 mercantile agency 2 44100 disc 62956 4788 70 42 General expense 4 995 8j 43 Interest on investments and dividends to home office 108212 94 45 Total disbursementsjj 1501 573 41COMPTROLLERGENERALS REPORT 559 IVLEDGER ASSETS 4 Book value of bonds excluding interest 2514019 71 5 Cash in companys office 246244 de posited in bank 1881199 with trus tees 10000000 121274 43 6 Premium notes 5844 94 8 Total 2641139 08 9 Less ledger liabilitiessundry accounts 2244 02 11 Ledger assets 2638895 06 NONLEDGEB ASSETS 13 Interest due and accrued on bonds 28447 46 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 3164646 health 275526 liability 11601920 steam boiler 859307 burglary and theft 1430128 173315 27 On policies or renewals issued prior to October 1 1905 Accident 18578 lia bility 70524 steam boiler 617 bur glary and theft 1087 908 06 33 Total 174223 33 37 Gross assets 2841565 85 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 908 06 44 Book value of ledger assets over market value 68043 33 50 Total777 68951 39 51 Admitted assets 2772614 46 VLIABILITIES 1 Losses and claims In process of adjustment Accident 18 31600 health 27500 steam boiler 2 23000 burglary and theft 203500 credit 1550400 38360 00 Resisted Accident 250000 credit 9 50000 12000 00 16 Special reserve for unpaid liability losses 521999 68 17 Total unpaid claims 572359 68560 COMPTROLLERGENERALS REPORT 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 117701139 unearned premiums fifty per cent 588505 69 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 11800848 unearned premiums pro rata 70669 08 20 Total unearned premiums 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 1009522 health 81445 liability 2739213 steam boiler 2 56675 burglary and theft 415881 Salaries rents expenses taxes bills accounts fees etc due or accrued Reserve for credit department prepaid premiums 33 Special reserve for credit insurance losses on policies ex piring December 31st on which no claims have been made 34 Contingent reserve 25 32 659174 77 45027 36 40000 00 10862 50 40000 00 150000 00 40 Total amount of all liabilities except surplus 1517424 31 43 Surplus as regards policyholders 1255190 15 44 Total liabilities 2772614 46 Business in Georgia during 1905 rrosi Premiums Received on Risks Accident 8768 60 Health 822 23 Liability 8172 11 Steam boiler 820 25 Burglary and theft 1356 51 Credit 19212 50 Gross Losses Paid 2778 56 68 91 5928 11 24337 35 Gross Losses Incurred 2511 56 68 91 12148 11 2062308COMPTROLLERGENERALS REPORT 561 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Wilbur S Tupper President Rich J Mier Assistant Secretary Home Office Corner Montgomery and Sacramento Streets San Francisco California IIincome Accident 1 Gross premiums unpaid December 31 last year 169242 89 2 Gross premiums written and renewed during the year 777683 92 3 Total 946926 81 4 Deduct gross premiums now in course of collection 168524 23 5 Entire premiums collected during the year 778402 58 6 Deduct reinsurance return premiums and cancellationsr 236536 23 18 Total net cash actually received for premiums 541866 35 36 Total income carried to life statement 541866 35 IIIDISBURSEMENTS Accident 1 Gross amount paid for losses 234752 97 2 Deduct salvage and reinsurance 12570 07 3 Net amount paid policyholders for losses 222182 90 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 5053 27 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 195291 02 23 Salaries fees and all other compensation of officers and home office employees 42631 16 24 Salaries traveling and all other expenses of agents not paid by commissions 13098 69 25 Medical examiners fees and salaries 7410 75 26 Inspections other than medical 300 00 27 Rents including 360000 for companys own occupancy 7374 17 30 All other taxes licenses and insurance department fees 11113 29 31 Legal expenses not included in No 14 3360 00 32 Advertising 3141 56 33 Printing and stationery 9485 18 36 in562 COMPTROLLERGENERALS REPORT 34 Postage and express 41 Dividends to policyholders 42 Profit and lossagents balances charged off 43 General expense 45 Total disbursements carried to life statement NONLEDGER ASSETS Accident 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 162093 89 On policies or renewals issued prior to Oc tober 1 1905 6430 34 33 Total 34 Other nonledger assets viz Reinsurance due from other companies DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 3494 94 590 15 10515 02 2778 87 537S20 97 168524 23 6783 60 37 Gross assets I 175307 83 6430 34 51 Admitted assets carried to life statement 16S877 49 VLIABILITIES Losses and claims In process of adjustmenti Reported proofs not received Resisted Estimated expenses incident to the settle ment of unpaid claims Accident 1000 00 7750 00 13566 00 1000 00 17 Total unpaid claims 23316 00 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 446 04404 unearned premiums fifty per cent 223022 02 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 40523 47 44 Total liabilities carried to life statement Hitsiness in Georgia daring 1905 Gross premiums received on risks written or renewed during the year I Gross losses paid Gross losses incurred 286861 49 Accident 5968 95 1092 19 1092 19COMPTROLLERGENERALS REPORT 563 PENNSYLVANIA CASUALTY COMPANY OF PENNSYLVANIA Thos E Jones President F H Kingsbuby Secretary Home Office Corner Washington Avenue and Spruce Street Scranton Pa Cabl H King 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 270138 87 3 Increase of paidup capital during the year 100000 00 Extended at 370138 87 IIINCOME As shown by the books at home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Accident 2314770 health 6 72476 liability 952690 plate glass 322803 steam boiler 156265 44190 04 2 Gross premiums written and renewed during the year Accident 9956213 health 3339239 liability 13903234 plate glass 2937099 steam boiler 1350676 314864 61 3 Total 359054 65 4 Deduct gross premiums now in course of collection Accident 1947272 health 672257 liability 2916200 plate glass 734537 steam boiler 311939 65822 05 5 Entire premiums collected during the year Accident 10323711 health 3339458 liability 11939724 plate glass 2525365 steam boiler 11950 02 293232 60 6 Deduct reinsurance return premiums and cancellations Accident 3625647 health 1378594 liability 2714725 plate glass 629853 steam boiler 2 33628 85824 47 18 Total net cash actually received for premiums 207408 13 21 Interest on bonds and dividends on stock 8858 62 22 Interest from all other sources 450 46 30 From all other sources Surplus paid in cash 5000000 unclassed premiums 32874 50328 74 36 Total income 267045 95564 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown Ly the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 2860703 health 1007684 liability 2141493 plate glass 381452 steam boiler 585442 69767 74 2 Deduct salvage and reinsurance Accident 9333 health 11250 244 83 3 Net amount paid policyholders for losses 69522 91 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 211530 health 38910 sua bility 486814 plate glass 2683 steam boiler 2132 7420 69 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 1984584 health 660952 liabil ity 2784650 plate glass 609750 steam boiler 2 87702 6327638 23 Salaries fees and other compensation of officers and home office employees 15545 33 24 Salaries traveling and all other expenses of agents not paid by commissions 10632 74 25 Medical examiners fees and salaries 1050 00 26 Inspections other than medical 5203 99 27 Rents 1628 00 30 All other taxes licenses and insurance department fees 7301 93 31 Legal expenses not included in No 14 1178 35 32 Advertising 2479 29 33 Printing and stationery 4282 18 34 Postage and express 1541 60 35 Furniture and fixtures 782 79 36 Losson sale or maturity of ledger assets Accounts charged off 2813 60 40 All other disbursements General expense 8774 28 45 Total disbursements 203434 06 IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 4 Book value of bonds excluding interest 36159665 stocks 20000 361796 65 5 Cash in companys office 85310 deposited in bank 64 09137 64944 47 6 Bills receivable 1 539 43 7 Other ledger assets Accounts receivable 5370 16 11 Ledger assets 433750 76COMPTROLLERGENERALS REPORT 565 NONLEDGER ASSETS 13 Interest due and accrued on bonds 15 Interest due and accrued on other assets 18 Market value not including interest in item 13 of bonds and stock over book value 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 1947269 health 672260 liability 2916200 plate glass 734537 steam boiler 3 11939 65822 05 On policies or renewals issued prior to Oc tober 1 1905 Accident 62500 health 37200 liability 96855 plate glass 9010 steam boiler 13150 2187 15 33 Total 37 Gross assets DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 616 13 43 Gross premiums in course of collection written prior to October 1 1905 2187 15 44 Book value of ledger assets over market value viz Accounts receivable 5370 16 Total 51 Admitted assets 3197 49 86 96 6734 60 65822 05 509591 86 8173 44 501418 42 16 17 21 VLIABILITIES Losses and claims In process of adjustment Accident 795 70 health 56861 liability 96200 plate glass 3875 2365 06 Reported proofs not received Accident 168120 health 90680 plate glass 26720 2855 20 Resisted by company Accident 12000 health 10000 220 00 Resisted for policyholders Liability 5670 00 Net unpaid claims Special reserve for unpaid losses Liability Estimated expenses incident to the settlement of unpaid claims viz Accident 12500 health 22500 liability 478000 11110 26 5000 00 5130 00566 COMPTROLLERGENERALS REPORT 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 20578934 un earned premiums 50 per cent 102894 65 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1899659 unearned premiums pro rata 12333 64 27 Total unearned premiums 115228 29 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 vizAccident 646301 health 205980 liability 840634 plate glass 2353 16 steam boiler 86099 20143 30 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 401 53 47 Total amount of all liabilities except capital 157013 38 48 Capital actually paid up in cash 300000 00 49 Surplus over all liabilities 44405 04 50 Surplus as regards policyholders 344405 04 51 Total liabilities 501418 42 Business in Georgia during 1905 Gross Premiums Gioss Losses on Risks Written Paid Accident 3168 29 1423 99 Health 1668 78 784 49 Liability 1068 34 92 50 Plate glass 758 50 326 59 Steam boiler IS 00 Oiros Losses Incuri d 1423 99 784 19 92 50 326 59 PREFERRED ACCIDENT INSURANCE COMPANY OP 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 1CAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 1072707 62 Extended at 1072707 62COMPTROLLERGENERALS REPORT 567 IIINCOME As shown by the books at home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Accident 11796790 health 29 49196 1459 86 2 Gross premiums written and renewed during the year Accident 135602693 health 22964604 1585672 97 Total 1733132 83 3 Deduct gross premiums now in course of collection Accident 13271905 health 2654581 159264 86 4 Entire premiums collected during the year Accident 134127578 health 23259219 1573867 97 5 Deduct reinsurance return premiums and cancellations Accident 15876833 health 3981734 198585 67 18 Total net cash actually received for premiums f2 30 21 Interest on bonds and dividends on stock 31426 34 22 Interest from all other sources 2843 71 25 Profit on sale or maturity of ledger assets viz Profit on sale of 21000000 XT S 2 per cent bonds 9712 50 30 From all other sources Amount of bank balance trans ferred from the preferred Mutual Accident Association 205 36 1419470 21 36 Total income v IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 41816949 health 7529509 49d4b 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 1281300 health 256280 15375 80 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 38805559 health 5823553 446291 12 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 14796 u 25 Medical examiners fees and salaries 26 Inspections other than medical 568 COMPTROLLERGENERALS REPORT 27 Rents including 984000 for companys own occupancy 15625 00 30 All other taxes licenses and insurance department fees 30369 85 32 Advertising 12825 50 33 Printing and stationery 26575 12 34 Postage and express 18765 25 35 Furniture and fixtures 1252 65 45 Total disbursements 1327327 08 IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 4 Book value of bonds excluding interest 92057738 and stocks 9970386 1020281 24 5 Cash in companys office 316587 deposited in bank 14140364 144569 51 11 Ledger assets 1164850 75 NONLEDGER ASSETS 13 Interest due and accrued on bonds 6758 32 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 11959705 health 2989927 149496 32 On policies or renewals issued prior to Oc tober 1 1905 Accident 781484 health 195370 9768 54 33 Total 159264 86 37Gross assets 1330873 93 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 9768 54 44 Book value of ledger assets over market value viz Book 102028124 market 101868950 of bonds and stocks 1591 74 Total 11360 28 51 Admitted assets 1319513 65 VLIABILITIES 1 Losses and claims In process of adjustment Accident 29 51250 health 33750 29S50 00 COMPTROLLERGENERALS REPORT 569 Reported proofs not received Accident 5122500 health 405000 55275 00 Resisted by company Accident 35943 29 16 Net unpaid claims 121068 29 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 2500 00 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1 14182792 unearned premiums 50 per cent 570913 96 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 3279060 health 626679 39057 39 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 25906 17 38 Other liabilities viz Reserve for contingent installment policies 85434 00 47 Total amount of all liabilities except capital 844879 81 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 274633 84 50 Surplus as regards policyholders 474633 84 51 Total liabilities 1319513 65 Business in Georgia during 1905 Accident Health Gross premiums on risks written or renewed during the year 903 00 1374 00 Gross losses paid 6477 52 0 3 Gross losses incurred 6465 02 430 33 STANDARD LIFE AND ACCIDENT INSURANCE CO OF MICHIGAN D M Febby President E A Leonabd Secretary Home Office Penobscot Building Detroit Michigan 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 yearI 1783539 97 Extended at570 COMPTROLLERGENERALS REPORT IIINCOME As shown by the books at home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Accident 14797508 health 37 42792 liability 9082955 276232 55 2 Gross premiums written and renewed during the year Accident 107690688 health 11627940 liability 75486547 1948051 75 Total 2224284 30 Deduct gross premiums now in course of collection Accident 18226088 health 2334683 liability 10031466 305922 37 4 Entire premiums collected during the year Accident 104262108 health 13036049 liability 74538036 1918361 93 5 Deduct reinsurance return premiums and cancellations Accident 22364808 health 2760327 liability 7423522 325486 57 18 Total net cash actually received for premiums 1592875 36 19 Interest on mortgage loans 30674 13 21 Interest on bonds and dividends on stock 47380 35 22 Interest from all other sources 3043 58 30 From all other sources Suspense account 203 10 36 Total income 1674176 52 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 38766488 health 4097071 liability 20743554 636071 13 2 Deduct salvage and reinsurance Accident 2931 53 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 391248 liability 6586575 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 24340730 health 3428438 lia bility 15832283 22 Stockholders for interest or dividends amount declared during the year 23 Salaries fees and other compensation of officers and home office employees 633139 60 69778 23 436014 51 30000 00 79939 19COMPTROLLERGENERALS REPORT 571 24 Salaries traveling and all other expenses of agents not paid by commissions 72397 53 26 Inspections other than medical 10570 16 27 Rents 12790 87 29 Taxes on real estate 1128 76 30 All other taxes licenses and insurance department fees 47380 65 32 Advertising 8458 77 33 Printing and stationery 12986 20 34 Postage and express 9434 56 35 Furniture and fixtures 5508 82 40 All other disbursements General expense 16132 07 45 Total disbursements 1445659 92 IVLEDGES ASSETS As shown by the books at home office at close of business December 31 1905 1 Book value of real estate unincumbered 42620 00 2 Mortgage loans on real estate first liens 544503 56 4 Book value of bonds excluding interest 1290223 08 5 Cash in companys office 29163 deposited in bank 13388242 134174 05 7 Other ledger assets Taxes paid to secure mortgages 535 88 11 Ledger assets 2012056 57 NONLEDGER ASSETS 12 Interest due 81357 and accrued 6960 91 on mortgages 7Hi 48 13 Interest accrued on bonds 13015 74 15 Interest accrued on other assets 104 90 Total 2089512 18 Market value not including interest in item 13 of bonds and stock over book value 32076 92 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 18226088 health 2334683 liability 10031466 305922 37 37 Gross assets 2370950 98 VLIABILITIES 1 Losses and claims Adjusted due Accident 1050000 health 150000 Adjusted not due Accident 1825000 health 217500 12000 00 20425 00572 COMPTROLLERGENERALS REPORT In process of adjustment Accident 56 25000 health 632500 62575 00 Reported proofs not received Accident 23250 00 16 Net unpaid claims 118250 JO 21 Estimated expenses incident to the settlement of unpaid claims viz Liability 474833 70 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1 36461964 unearned premiums 50 per cent 682309 82 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Accident 5194410 health 665361 liability 2553093 8412S 64 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 37500 00 36 Return premiums and cancellations 13766 50 37 Reinsurance 3920 54 38 Other liabilities viz Reserve for contingencies 100000 00 47 Total amount of all liabilities except capital 1514709 20 48 Capital actually paid up in cash 250000 00 49 Surplus over all liabilities 606241 78 50 Surplus as regards policyholders 856241 78 51 Total liabilities 2370950 98 Business in Georgia during 1905 Gross premiums on risks writ Accid it Health Liabil Ity ten or renewed during the Gross losses paid losses incurr 16866 10021 10021 03 22 22 1074 600 600 82 00 00 597 165 165 00 St Gross ed S5 COMPTROLLERGENERALS REPORT 573 UNITED STATES BRANCH OF THE THAMES AND MERSEY MARINE INSURANCE COMPANY LTD OF GREAT BRITAIN H K Fowler Manager U S Branch Head Office 82 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 300000 00 2 Amount of ledger assets as per balance December 31 1904 631469 65 3 Increase of ledger assets during the year 108283 00 Extended at3 739752 65 4 Additional stock 133283 00 Less bonds N Y Cent Hudson R R R matured 25000 00 108283 00 IIINCOME Marine and Inland 5 Gross premiums 67766 71 6 Deduct reinsurance rebate abatement and return premiums 115727 27 7 Total premiums other than perpetuals 561899 44 11 Interest on bonds and dividends on stocks 19257 50 38 Total income7320909 59 i IIIDISBURSEMENTS Marine and Inland 1 Gross amount paid for losses includ ing 27277068 occurring in previous years 422113 70 2 Deduct amount received for salvage 3004273 and for reinsurance in other companies 603123990355 12 3 Net amount paid for losses 331758 58 8 Commissions or brokerage 60950 9 9 Salaries fees and all other charges of officers clerks agents and other employees 31756 03 10 Rents companys own occupancy 575 13 All other taxes licenses and insurance department fees 15656 17 15 All other disbursements Postage cablegrams station 3503 ery etc 17 Remitted home office 37 Total disbursements 570861 57574 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 4 Book value of bonds excluding interest 52725550 and book value of stocks 13328300 660538 50 5 Cash in companys office 4719 cash deposited in bank IS at City Bank 904528 9092 47 6 Agents balances representing business written subse quent to October 11905 80202 70 7 Agents balances representing business prior to October 1 1905 214 35 13 Total ledger assets 750048 02 NONLEDGEK ASSETS 15 Interest due 358750 and accrued 228664 on bonds and stocks 5874 14 25 Gross assets 755922 16 DEDUCT ASSETS NOT ADMITTED 29 Agents balances representing business written prior to October 1 1905 214 35 32 Depreciation from book value of ledger assets to bring same to market value viz 66053850 63563000 24908 50 36 Total admitted assets 730799 31 VLIABILITIES 2 Gross claims for losses in process of ad justment or in supense including all reported and supposed losses 152491 00 5 Deduct reinsurance due or accrued 11497 00 6 Net amount of unpaid losses and claims 140994 00 10 Gross premiums less reinsurance cash and bills receivd and receivable upon all unexpired marine risks 10329083 unearned premiums 100 per cent 18 89815 time hulls 60 per cent 84 39268 61084 49 12 Total unearned premiums 61084 49 20 Commissions brokerage and other charges due or to be come due to agents and brokers 3377 56 21 Reinsurance premiums 10157 44 26 Total amount of all liabilities except capital 215613 49 27 Capital actually paid up in cash deposit capital 300000 00 28 Surplus over all liabilities 215185 82COMPTROLLERGENERALS REPORT 29 Surplus as regards policyholders 30 Total liabilities Business in Georgia during 1905 Marine risks written Marine premiums received 575 515185 82 730799 31 779348 09 1964 39 TITLE GUARANTEE AND TRUST COMPANY OF SCRANTON PENN L A Watres President D B Atherton Secretary Home Office 516 Spruce Street Scranton Pa Alex W Smith Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up incash 79110000 2 Amount of ledger assets as per balance December 31 of previous year l61oW4 7b 4 Increase of paidup capital during the year 24200 ro 1539834 76 Extended at IIINCOME As shown by the books at the home office at close of business December 31 Gross premiums unpaid December 31 last year Surety 703138J title 21400 Gross premiums written and renewed during the year Surety 62970232 title 176338 70527 80 631465 70 Total Deduct gross premiums now in course of collection Surety Entire premiums collected during the year Surety50058837 title 197738 Deduct reinsurance return premiums and cancellations Surety 8 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 701993 50 139427 75 562565 75 73531 71 489034 01 4823 56 2878 7 6 55922 97 2038 92576 COMPTROLLERGENERALS REPORT 24 Total interest and rents 65662 21 27 Profits and sale of stocks and bonds 62805 06 30 From all other sources Trust department 579163 bonded attorneysaccount 138978 profit and loss items 3361 exchange 41396 increase in surplus fund 1825000 25878 98 36 Total income 6433S0 26 IIIDISBURSEMENT As shown by the books at the home office at close of business December 31 Gross amount paid for losses Surety Ill 705 82 Deduct salvage and reinsurance Surety 33121 79 14 18 22 23 24 30 32 33 34 35 40 Net amount paid policyholders for losses Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Surety Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Surety Stockholders for interest or dividends Salaries fees and other compensation of officers and home office employees Salaries traveling and all other expenses of agents not paid by commissions Taxes on real estate All other taxes licenses and insurance department fees Advertising Irintingand stationery Postage and express Furniiure and fixtures All other disbursements General expense account surety department 5384398 general expense ac count other departments 4328293 furniture and fixtures account to profit and loss 2034707 real es tate accountto profit and loss 186813 45 Total disbursements 78584 03 11255 37 147079 99 46835 00 28174 59 2746 88 779 56 13633 01 2934 46 9553 90 9074 00 100 10 119342 06 470092 95 IV LEDGER ASSETS As shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 90000 00 2 Mortgage loans on reA estate first liens 134360 65 3 Loans secured by pledge of bonds stock or other col laterals 80600 00 4 Book value of bonds excluding interest 1144254 58 5 Cash in comianys office 435803 deposited in bank 84G57n 89015 03COMPTROLLERGENERALS REPORT 577 Bills receivable Receivers certificate German Bank Buffalo N Y 11 Ledger assets NONLEDGER ASSETS 12 Interest accrued on mortgages la Interest accrued on bonds 2204 29 10521 21 Total 18 Market value not including interest in item 13 of bonds and stock over book value 19 Gross premiums in course of collection viz On poli cies or renewals issued subsequent to October 1 1905 Surety 34 Other nonledger assets viz Bills receivable 37 Gross assets DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 44 Book value of ledger assets over market value viz Estimated loss receivers certificate German Bank Buffalo N Y 8617 22 10367 65 Total 51 Admitted assets VLIABILITIES 1 Losses and claims Due Surety Not due Surety In process of ad justment Surety Reported proofs not received Surety 675 63 2143 31 77434 76 25332 33 105586 03 Resisted for policyholders 16 Net unpaid claims 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 59870728 unearned premiums 50 per cent 299353 b4 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 239425 unearned premiums pro rata 1197 13 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 11905 viz Surety 37 in 7381 74 25919 13 1571531 13 12725 50 4902 92 139427 75 1235 48 1729822 78 18984 87 1710837 91 105586 03 300550 77 40089 77578 COMPTROLLERGENERALS REPORT 37 Reinsurance 5795 39 38 Other liabilities viz Suspense account 6766 reserve for payment of taxes 675000 collateral deposits 14893027 155747 93 47 Total amount of all liabilities except capital 607769 69 48 Capital actually paid up in cash 791100 00 49 Surplus over all liabilities 311968 2b 50 Surplus as regards policyholders 1103068 22 51 Total liabilities 1710837 91 Business in Georgia during 1905 Gross premiums on risks written or renewed during the year Surety 3627 33 THE TRAVELERS INSURANCE COMPANY OP CONNECTICUT S C Dunham 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 8409057 50 Extended at 8409057 50 IIINCOME As shown by the books at home office at close of business December 31 1905 Entire premiums collected during the year Accident 284612309 health 28642860 liability 358718145 6719733 14 Deduct reinsurance return premiums and cancellations Accident 12357016 health 2000738 liability 22253186 366109 40 18 Total net cash actually received for premiums 6353623 74 21 Interest on bonds and dividends on stocks 358640 12 22 Interest from all other sources 36352 43 25 Profit on sale or maturity of ledger assets 59595 27 36 Total income 6808211 56COMPTROLLERGENERALS REPORT 579 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1905 1 Gross amount paid for losses Accident 135016952 health 12169119 liabil ity 85600766 2327868 37 2 Deduct salvage and reinsurance Accident 7897674 health 340494 82381 68 3 Net amount paid policyholders for losses 2245486 69 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 1839674 health 4500 lia bility 47984853 49SZyU 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 85093729 health 6742524 lia bility 76430919 168267172 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 9725 15 25 Medical examiners fees and salaries 826 29 26 Inspections other than medical b 27 Rents including 1500000 for companys own occupancy 77816 80 29 Taxes on capital stock iiin 7fi 30 All other taxes licenses and insurance department fees 116160 76 31 Legal expenses not included in No 14 19Sjs 32 Advertising 6Q515 u 33 Printing and stationery 34 Postage and express 42876 lg 35 Furniture and fixtures 4429Q g 37 Miscellaneous items 21604 53 38 Profit and loss 5892562 81 45 Total disbursements IVLEDGER ASSETS As shown by the books at home office at close of business December 311905 A4 Book value of bonds excluding interest 637472461 and stocks 237150901 lC 5 Cash in companys office 211153 deposited In bank 52510055 8876 48 6 Bills receivable 42 384 07 7 Other ledger assets Agents debit balances 9324706 25 11 Ledger assets580 COMPTROLLERGENERALS REPORT N0NLEDGEI8 ASSETS 13 Interest accrued but not due on bonds 151676 23 18 Market value not including interest in item 13 of bonds and stocks over book value 490442 69 37 Gross assets 9966825 17 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 8876 48 44 Book value of ledger assets over market value viz Agents debit balances 42384 07 50 Total 51260 55 51 Admitted assets 9915564 62 VLIABILITIES Accident 1 Losses and claims In process of adjustment 57775 00 Reported proofs not received 31175 00 Resisted 62000 00 13 Total 150950 00 17 Special reserve for unpaid liability losses 2508720 31 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 453387353 unearned premiums fifty per cent 2266936 77 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 20275624 unearned premiums pro rata 592421 45 27 Total unearned premiums 2859358 22 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 85000 00 38 Other liabilities viz Additional reserve liability depart ment 10000000 reserve for unreported indemnity claims 6464761 164647 61 47 Total amount of all liabilities except capital 5768676 14 48 Capital actually paid up in cash 1000000 00 49 Surplus over all liabilities 3146888 48 50 Surplus as regards policyholders 4146888 48 51 Total liabilities 9915564 62COMPTROLLER GENERALS REPORT 581 Business in Georgia during 1905 Accident Health Gross premiums on risks writ ten or renewed during the ar 50445 83 5423 09 Gross lossespaid 28975 41 3464 94 Gross losses incurred 28975 41 3464 94 Liability 23420 03 13983 81 13983 81 UNITED STATES CASUALTY COMPANY OF NEW YORK Bexjami F Tracy President Edson S Lott Secretary Home Office 141 Broadway New York N Y 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 1687486 40 Extended at IIINCOME As shown by the books at home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Accident 4383354 health 18 370 28 liability 5003935 steam boiler 602773 sprinkler 219241 120463 31 2 Gross premiums written and renewed dur ing the year Accident 69530666 health 19163538 liability 53356267 steam boiler 5171982 burglary 15 13656 sprinkler 4000862 1527369 71 x 1647833 02 o Totl 4 Deduct gross premiums now in course of collection Accident 4324830 health 18 03977 liability 5195952 steam boiler 481627 burglary 192950 sprinkler 417257 124165 5 Entire premiums collected during the year Accident 69589190 health 191 965 89 liability 53164250 steam boil 5293S8oV8 4bfiUrSlary I1320706 1523667 09 sprinkler 3802846 582 COMPTROLLERGENERALS REPORT 6 Deduct reinsurance return premiums and cancellations Accident 18636421 health 7264646 liability 12337070 steam boiler 1497865 burglaryl713 25 sprinkler 1091880 409992 07 18 Total net cash actually received for premiums 1113675 02 19 Interest on mortgage loans 150 41 21 Interest on bonds and dividends on stock 61600 65 25 Profit on sale or maturity of ledger assets Profit on sale of M K and Oklohoma R R first mortgage 5 per cent bonds 143611 profit on sale of M K and T Ry St Louis Div 4 per cent bonds 125000 profit on sale of M K and TRy of Texas 5 per cent bonds 68250 profit on sale of Central Union Gas Co N Y 5 per cent gold bonds 15431 profit on sale of United States gov ernment 3 per cent bonds 63750 4160 42 36 Total income 1179586 50 IIIDISBURSEMENTS As shown by the books at home office t close of business December 1 Gross amount paid for losses Accident 26296246 health 4624574 liability 13188754 steam boiler 182354 bur glary 133561 sprinkler 786373 452118 62 2 Deduct salvage and reinsurance Accident 1268839 steam boiler 123175 13920 14 1 1905 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 658270 health 84729 lia bility 1961200 steam boiler 12487 burglary 84 05 sprinkler 28023 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 15583146 health 3452699 lia bility 10753640 steam boiler 1020536 burglary 307604 sprinkler 668457 23 Salaries fees and other compensation of officers and home office employees 24 Salaries traveling and all other expenses of agents not paid by commissions 26 Inspections other than medical 27 Rents 29 Taxes on real estate 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 438198 48 27531 14 317860 82 98312 82 37652 84 18449 65 14880 34 45 47 22621 25 S19 20 1827 90COMPTROLLERGENERALS REPORT 583 24776 89 33 Printing and stationery 9 039 85 34 Postage and express 23 35 Furniture and fixtures 36 Loss on sale or maturity of ledger assets Loss on sale of Indiana State 3 per cent bonds 14500 loss on sale of New York City exempt additional water stock 3 per cent bonds 50000 loss on sale of Northern Union Gas Co New York first mortgage 5 per cent bonds 20417 40 All other disbursements Telegrams and telephones 1 24478 fees of directors 270500 miscellaneous 8 58465 profit and loss premiums uncollectable 19596 127o0 39 1027534 44 45 Total disbursements IVLEDGER ASSETS As shown by the books at home office at close of business December 31 1905 1 Book value of real estate unincumbered 4 Book value of bonds excluding interest 128811376 and stocks 44187500WxT 5 Cash in companys office 1608130 deposited m bank 8743893 Q29 47 6 Bills receivable 1839538 46 11 Ledger assets NONLEDGER ASSETS 16719 85 13 Interest accrued on bonds 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Accident 4302587 health 1802852 liability 5146897 steam boiler 477627 burglary 1929 50 sprinkler 417257 On policies or renewals issued prior to Oc f tober 1 1905 Accident 22243 health 1125 liability 49055 steam boiler 4000 124165 93 33 Ttalll9W 37 Gross assets DEDUCT ASSETS NOT ADMITTED u i029 47 39 Bills receivable 43 Gross premiums in course o collection written prior to October 1 1905 44 Book value of ledger assets over market value B9269 96 50 T0tal 192115428 51 Admitted assets584 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Losses and claims In process of adjustment Accident 14 73600 health 429000 liability 20 25300 burglary 75000 sprinkler 25000 Resisted by company Accident 902050 health 42600 Resisted for policyholders Liability 40279 00 9446 50 68265 00 16 Net unpaid claims 17 Special additional reserve for unpaid losses to comply with New York law viz Liability 21 Estimated expenses incident to the settlement of unpaid claims viz Accident 255850 health 52400 lia bility 986300 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 97751972 un earned premiums fifty per cent 488759 86 26 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 7847151 unearned premiums pro rata 62773 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 1905 viz Accident 1075648 health 450713 liability 1286724 steam boiler 1 19407 burglary 42838 sprinkler 104314 Salaries rents expenses taxes bills accounts fees etc due or accrued and contingency fund Reinsurance 32 37 117990 50 82254 09 12945 50 551533 52 30850 44 121409 31 4170 92 47 Total amount of all liabilities except capital 921154 28 48 Capital actually paid up in cash 300000 00 49 Surplus over all liabilities 700000 00 50 Surplus as regards policyholders 1000000 00 51 Total liabilities 1921154 28 Business in Georgia during 1905 Accident Health Liability Steam boiler Burglary Sprinkler Gross Premiums on Risks Written 17716 83 5474 69 18935 14 1423 26 172 50 292 50 Gross Losses Pi id 10867 22 3435 88 8215 27 483 43 Gross Losses Incurred 10867 22 3435 88 8215 27 483 43COMPTROLLERGENERALS REPORT 585 UNITED STATES FIDELITY AND GUARANTEE COMPANY OP MARYLAND John R Bland President Geo R Callis Secretary Home Office German Calvert and Mercer Streets Baltimore Md 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 2992396 35 Extended at 2992396 35 IIINCOME As shown by the books of home office at close of business December 31 1905 1 Gross premiums unpaid December 31 last year Fidelity and surety 31614890 burglary and theft 6223715 378386 05 2 Gross premiums written and renewed dur ing the year Fidelity and surety 2253 84720 burglary and theft 47077008 2724617 28 3 Total 3103003 33 4 Deduct gross premiums now in course of collection Fidelity and surety 370226 22 burglary and theft 6370742 433933 64 5 Entire premiums collected during the year Fidelity and surety 219976988 burglary and theft 46929981 2669069 69 6 Deduct reinsurance return premiums and cancellations Fidelity and surety 296 96178 burglary and theft 14122676 438188 54 18 Total net cash actually received for premiums 2230881 15 19 Interest on mortgage loans 229 34 20 Interest on collateral loans 2320 40 21 Interest on bonds and dividends on stock 68112 98 22 Interest from all other sources 1518 03 23 Gross rents from companys property 1055 10 73 235 85 24 Total interest and rents 25 Profit on sale or maturity of ledger assets 2500000 Consolidated Gas Company bonds 34375 enhanced value of home office property 5000000 50343 75 30 From all other sources Department of guaranteed attor neys 2387002 09 36 Total income 586 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS As shown by the books of home office at close of business December 31 1905 1 Gross amount paid for losses Fidelity and surety 114884363 burglary and theft 13209404 1280937 67 2 Deduct salvage and reinsurance Fidelity and surety 29147420 burglary and theft 603566 297509 86 3 Net amount paid policyholders for losses 983427 81 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Surety and fidelity 5216718 burglary and theft 1698253 69149 71 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Surety and fidelity 41842051 burglary and theft 10301494 521435 45 22 Stockholders for interest or dividends amount declared during the year 3 per cent 59500 00 23 Salaries fees and all other compensation of officers and home office employees 165976 01 24 Salaries traveling and all other expenses of agents not paid by commissions 201238 60 26 Inspections other than medical 5215 04 27 Rents 31306 34 28 Repairs and expenses other than taxes on real estate 1267 57 29 Taxes on real estate 3132 05 30 All other taxes licenses and insurance department fees 71233 23 31 Legal expenses not included in No 14 19136 48 32 Advertising 17966 45 33 Printing and stationery 31473 65 34 Postage express and telegrams 45306 14 35 Furniture and fixtures 4128 24 36 Loss on sale or maturity of ledger assets 2000000 City of Quebec 3 per cent bonds 130000 real estate 5 83016 7130 16 40 All other disbursements Traveling expenses home office account 669309 incidentals development etc 25 43433 32127 42 45 Total disbursements 2270150 35 IVLEDGER ASSETS As shown by the books of home office at close of business December 31 1905 1 Book value of real estate unincumbered 486332 96 2 Mortgage loans on real estate first liens 15150 00 3 Loans secured by pledge of bonds stocks or other collat erals 57292 50COMPTROLLERGENERALS REPORT 587 4 Book value of bonds excluding interest 197095124 and book value of stocks 12585900 2096810 24 5 Cash and checks in companys office 8136501 deposited in banks 27742419 358789 20 7 Other ledger assets Due for reinsurance 2093163 due for subscriptions department guaranteed attorneys 38 03075 advanced account contracts secured 35 llOM 94873 19 11 Ledger assets 3109248 09 XOXLEDGEB ASSETS 14 97 12 Interest due and accrued on mortgages 11 13 Interest due and accrued on bonds 27101 14 Interest due and accrued on collateral loans L065 IS 15 Interest due and accrued on other assets 389 63 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Fidelity and surety 34933187 burglary and theft 60174 24 409506 11 On policies or renewals issued prior to Oc tober 1 1905 Fidelity and surety 20 89435 burglary and theft 353318 24427 53 m 433933 64 33 Total 3571892 62 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1905 24427 53 44 Book value of ledger assets over market value viz Stocks and bonds 49281 43 73708 96 50 Total 3498183 66 51 Admitted assets VLIABILITIES 1 Losses and claims In process of adjustment Fidelity and surety 6852586 burglary and theft 789650 7442236 Resisted Fidelity and surety 21522550 burglary and theft 915000 224375 50 Estimated expenses incident to the settle ment of unpaid claims Fidelity and surety 17 Total unpaid claims and expenses of settlement 312397 86588 COMPTROLLERGENERALS REPORT 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 214626370 unearned premiums fifty per cent 1073131 85 19 Gross premiums less reinsurance upon all unexpired risks running more than year from date of policy 14238951 un earned premiums pro rata 80537 78 20 Total unearned premiums 1153669 63 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1905 viz Fidelity and surety 73 35969 burglary and theft 1865401 92013 70 30 Reinsurance 2444 82 40 Total amount of all liabilities except capital 1560526 01 41 Capital actually paid up in cash 1700000 00 42 Surplus over all liabilities 237657 65 43 Surplus as regards policyholders 1937657 65 44 Total liabilities 3498183 66 Business in Georgia during 1905 Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred Fidelity and Surety 33180 73 6422 88 13897 86 Burglary ana Theft 2202 05 52 55 29 55 UNITED STATES HEALTH AND ACCIDENT INSURANCE COMPANY OF MICHIGAN J B Pitcher President V D Cliff Secretary Home Office 130 North Washington Avenue Saginaw Michigan 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 415739 53 Extended at 415739 53COMPTROLLERGENERALS REPORT 589 IIINCOME As shown by the books at home office at close of business December 311905 Accident 1 Gross premiums unpaid December 31 last year paid 7056 00 2 Gross premiums written and renewed dur ing the year 788269 29 3 Total 795325 29 4 Deduct gross premiums now in course of collection 13046 94 5 Entire premiums collected during the year 782278 35 6 Deduct reinsurance return premiums and cancellations 5462 39 18 Net cash actually received for premiums 776815 96 19 Interest on mortgage loans 2448 40 21 Interest on bonds and dividends on stock 11913 17 22 Interest from all other sources 1741 40 25 Profit on sale or maturity of ledger assets Saginaw Bay City Ry Light Co bonds 70000 Saginaw Bay City Ry Light Co stock 60000 1300 00 30 From all other sources 987 82 36 Total income 795206 75 IIIDISBURSEMENTS As shown by the books at home office at close of business December 311905 Accident 1 Gross amount paid for losses 370918 35 2 Deduct salvage and reinsurance 3975 95 3 Net amount paid policyholders for losses 366942 40 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident and health 2985 20 18 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 17450137 22 Stockholders for interest or dividends amount declared during the year 23 Salaries fees and other compensation of officers and home office employees 40762 53 24 Salaries traveling and all other expenses of agents not paid by commissions 25 Medical examiners fees and salaries o00 u 14400 80 30 All other taxes licenses and insurance department fees 15843 14590 COMPTROLLERGENERALS REPORT 31 Legal expenses not included in No 14 571 00 32 Advertising 2511 93 33 Printing and stationery 8172 90 34 Postage and express 12763 57 35 Furniture and fixtures 631 96 40 All other disbursements Office supplies 48835 general expenses 190146 2389 81 45 Total disbursements 697026 44 IVLEDGER ASSETS 2 Mortgage loans on real estate first liensi 4 Book value of bonds excluding interest 5 Cash in companys office 83500 deposited in bank 13642346 9 Total 10 Less balance due for reinsurance 11 Ledger assets 24519 20 353977 35 137258 46 515755 01 1835 17 513919 84 KOXLEDGEIi ASSETS 12 Interest accrued on mortgages 13 Interest accrued on bonds 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1905 Acci dent and health 37 Gross assets 350 49 3452 77 13046 94 530770 04 DEDUCT ASSETS NOT ADMITTED 44 Book value of ledger assets over market value Bonds 51 Admitted assets 820 80 529949 24 VLIABILITIES 1Losses and claims Reported proofs not received Resisted by company A ciden 47520 45 2261 00 16 Net unpaid claims 49781 45 21 Estimated expenses incident to the settlement of unpaid claims 1360 00 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 5434185 unearned premiums fifty per cent 27170 92 28 Commission brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1905 3279 36COMPTROLLERGENERALS REPORT 591 32 Salaries rents expenses taxes bills accounts fees etc due or accrued 38 Other liabilities viz Suspense tax account 1905 taxes 1500000 contingent fund for unreported claims 20 00000 commissions accrued not due 1000000 47 Total amount of all liabilities except capital 48 Capital actually paid up in cash 200000 00 49 Surplus over all liabilities 202611 98 745 53 45000 00 127337 26 50 Surplus as regards policyholders 402611 98 51 Total liabilities 529949 24 Business in Georgia during 1905 Gross premiums on risks written or renewed during the year 3 Gross losses paid Gross losses incurred Accident and Health 19467 37 10579 82 11441 48 UNITED SURETY COMPANY OF MARYLAND Olix Bryan President Robt A Dobbin Jr Secretary Home Office No 15 South Street Baltimore Md ICAPITAL STOCK 1 Amount of capital paid up in cash IVLEDGER ASSETS 1 Book value of real estate unincumbered 4 Book value of stocks 5 Cash in companys office and deposited in banks 11 Ledger assets VLIABILITIES 3349U0 00 250000 00 216000 00 36850 00 502350 00 41 Capital actually paid up in cash 42 Surplus over all liabilities 43 Surplus as regards policyholders 44 Total liabilities 334900 00 167450 00 502350 00 502350 00TABLE No U 38 inTABLE No 1 Showing Business Done by Fire Insurance Companies in this State for the Year ending 1906 CO NAME OF COMPANY STATE Risks Written During the Year Gross Premi ums on Old and New Business Losses Paid Losses Un paid Fees Tax o o H o E f Q a H SB H o Agricultural Fire Etna American Central American Alliance Atlanta and Birmingham Atlanta Home Atlas Assurance Boston British America Caledonian Citizens Commercial Union Continental Connecticut Dixie Fire Eagle Fidelity Fire Fire Association Firemans Fund Firemans Fire ieorgia Home German Alliance ierman GermanAmerican Uermania New York Connecticut Missouri New Jersey Pennsylvania Alabama Georgia England Massachusetts Canada Scotland Missouri England New York Connecticut North Carolina New York New York Pennsylvania California New Jersey Georgia New York Illinois New York New York 2016279 00 670680 00 2885577 00 l76f410 00 31150 00 3002495 00 3231978 00 167395b 00 4070 71 2248428 00 1061008 00 2449946 00 5726283 00 8470952 00 1186500 00 1077420 00 4848042 00 0682045 00 4779179 00 1182393 00 1625061 00 6 715733 00 3761706 00 25539 51 250200 97 49263 46 24635 65 747 95 54810 03 55963 68 30053 93 4265 46 32912 61 19009 62 44233 29 102118 56 148962 00 21013 38 18513 59 81147 65 124192 94 77146 72 21151 77 32449 59 98649 76 57957 23 13006 97 158449 53 24817 15 30022 69 18908 48 21540 76 18243 92 2681 80 3535 95 15640 96 44413 43 34279 86 13425 71 8290 24 33612 75 41199 01 33405 95 14747 10 17357 84 53254 21 8086 54 54 27 12131 00 5174 20 1350 00 3363 50 2365 00 3600 00 4600 00 1729 25 7285 00 3936 97 4433 15 1328 80 6744 16 2079 07 2829 56 416 00 600 00 22940 00 5690 00 87 20 255 40 473 60 1659 39 185 60 492 63 89 60 246 35 58 40 7 48 272 00 548 10 245 60 559 64 113 60 300 54 34 40 42 65 140 00 329 13 94 40 190 10 300 8o 442 33 192 80 1021 18 288 80 1489 62 77 60 210 13 46 40 111 20 185 14 101 60 303 60 811 47 587 20 1241 92 44 00 317 60 771 47 144 80 211 52 116 00 324 50 432 80 986 50 171 20 579 57 Glens Falls Globe Rutgers Fire HamburgBremen Hanover Hartford Home Insurance Co of North America Jefferson Fire Law Union nd Cro jvn Liverpool London Globe Liverpool London Globe London Assurance London Lancashire New Y orK Germany New York Connecticut New York Pennsylvania Pennsylvania England England New York England England 5393374 001 59270 03 Lumber MutualMassachusetts Mercantile Mutual Milwaukee Mechanics Michigan Commercial National National Union New Hampshire Niagara North British Mercantile North German Norwich Union Northern Assurance North River Orient Palatine Pennsylvania Phoenix Assurance Phoenix Phoenix Prudential Fire Queen Rochester German Royal Rhode Island Wisconsin Connecticut Pittsburg Pa New Hampshire New York England New York England England New York Connecticut England Pennsylvania England New York Connecticut 1497759 00 3642791 43 18763906 00 14083763 00 33202086 00 26182 63 41934 86 272538 67 190938 46 241088 80 203300 00 12143442 00 2061630 00 1657166 00 4290842 00 177033 83 1405045 00 1496603 00 6898128 66 30195 54 7906 31 20146 83 110326 54 78031 T 80066 47 New York New York England 2558394 00 2255135 19 2092359100 197875 00 6051362 00 4196897 00 1047845 00 1366072 00 2699015 00 3466775 00 2967111 00 12337671 00 6007915 00 7359743 00 3086797 00 6928001 39 1417 74 236925 81 12225 48 19698 47 56955 80 4857 39 10537 84 16753 60 52872 02 20264 86 35723 30 25831 61 63950 37 3161 63 68960 33 41871 74 23351 68 27395 92 49630 70 61724 90 29031 64 208377 01 76133 00 6460 00 6 75 78143 15 12809 02 6860 86 12300 00 124281 14 37351 11 90368 84 359 83 5132 64 14644 81 1835 85 29952 15 16479 35 23927 65 1325 73 20188 94 29309 97 6155 73 11007 54 9618 09 30663 44 23635 96 75726 36 25761 47 35530 65 29456 68 40172 07 3010 00 2389 83 18422 36 37275 31 14184 43 46 00 18264 66 3500 00 2856 00 1050 00 5 00 848971 2250 00 3552 16 4618 80 5218 39 6202 28 4492 86 6330 24 5300 00 2510 00 26 00 2522 00 11361 40 11361 40 10012 00 2605 00 2695 00 178 40 134 40 70 40 48 80 780 80 348 80 404 00 94 40 592 70 521 60 54 40 72 80 195 20 34 40 34 40 68 00 32 00 180 80 144 80 111 20 77 60 152 00 53 60 214 40 113 60 48 40 96 80 120 80 255 20 118 40 36 80 372 80 231 20 322 40 113 60 260 00 261 83 419 35 2725 39 1909 38 2410 88 14 2369 122 196 569 48 105 187 18 25 25 98 56 57 38 53 528 202 357 258 639 31 689 418 233 273 496 617 290 2083 761 72 65 23 32 50 62 60 72 52 95 30 24 32 77 33 1242 81 373 51 903 69 Cl O TJ Hj td o f f H W O H H 5 f m H O w CDTABLE No 1Continued CO Oi NAME OF COMPANY STATE Risks Written During the Year Gross Premi ums on Old and New Business Losses Paid Losses Un paid Fees Tax Security Fire Scottish Union National Southern Mutual Springfield St Paul Sun Sun Traders Fire Union Assurance United Fireman Virginia State Western Westchester Williamsburg Total Scotland Georgia Massachusetts Minnesota England Louisiana England Pennsylvania Virginia Canada New York New York 3280674 65 31071251 00 5429955 90 3388567 00 3106705 00 3183361 00 2071491 00 155880 00 3910809 00 2850267 00 1886878 00 330954978 70 38789 22 310589 30 53501 08 53349 85 39509 35 57075 06 10463 74 2317 16 43019 93 36647 76 29606 77 4281305 95 12091 24 52378 59 21154 23990 77 14814 22 13546 32 4747 05 13714 00 15492 51 11014 79 1659543 25 5748 24 400 00 1330 00 1415 00 3920 44 1274 35 277 82 2003 64 1500 00 299015 41 32 00 185 60 108 80 100 80 219 20 82 40 161 60 104 00 96 80 48 80 34 40 173 60 216 80 212 00 12595 40 387 89 3105 89 535 01 533 50 395 09 570 75 104 64 23 17 430 20 366 47 296 07 41991 47 O O hj H W o F r H W 6 a z w SI n o w 3TABLE No 2 Showing Business Done in this State by Old Line Life Insurance Companies for the Year 1906 Or CO NAME OF COMPANY STATE Atlanta IndustrialLife Etna Chicago Citizens Columbian National Connecticut Mutual Equitable Fidelity Mutual Franklin Germania Home Hartford Illinois Life Insurance Co of Virginia Manhattan Maryland Massachusetts Mutual Meridian Metropolitan Michigan Mutual Missouri State Mutual Benefit Mutual Mutual Reserve National National Atlanta Ga Connecticut Illinois Kentucky Massachusetts Connecticut New York Pennsylvania Illinois New York New York Connecticut Illinois Virginia New York Maryland Massachusetts Indiana New York Michigan Missouri New Jersey New York New York Illinois Vermont Risks Written During the Year Premiums Received On Old and New Business Losses Paid Losses Unpaid Fees 1468307 00 347500 00 1032000 00 251500 Oo 147670 00 1040765 00 380590 00 386500 00 281000 00 582456 00 61000 00 235500 00 1310463 00 490740 00 11500 00 1046261 00 102000 00 6102369 00 909395 57 297040 00 1240500 00 2777154 00 1258800 00 405593 58 1610430 00 165939 47 18671 69 13218 32 7741 78 46137 13 477654 23 86609 84 79484 42 33538 99 52211 72 82006 61 40089 87 32287 67 102217 50 16392 79 246913 27 3436 62 470458 99 66355 88 15582 88 319879 30 985207 55 151529 00 38616 48 71421 88 52799 00 4500 00 87813 00 367246 99 44500 00 4102 07 9933 00 500 00 62000 00 12921 00 5293 36 66524 00 6700 00 82197 00 121113 65 4700 00 81202 99 508551 56 23557 19 32789 25 12000 00 3053 00 5313 00 31000 00 2175 20 1500 00 22000 00 3162 53 36464 00 1000 00 2045 00 1608 00 12000 00 66822 09 24000 00 3535 00 32 00 188 CO 46 40 51 20 41 60 36 80 44 00 58 40 32 00 46 40 41 60 36 80 41 60 159 20 44 00 39 20 77 60 58 40 420 80 34 40 34 40 251 20 106 40 92 00 44 00 82 40 Tax 1659 186 132 79 461 4776 866 794 335 522 820 400 322 1022 163 2469 34 4704 603 155 3198 9852 1545 386 714 39 72 18 48 37 54 09 84 39 12 07 89 88 18 92 13 37 59 56 83 79 08 29 16 22 O O 0 H to o t1 f H to o 2 M to IT1 CO to a o o toNew England Mutual New York North Western Mutual Pacific Mutual Phcenix Mutual Philadelphia Penn Mutual Pittsburg Trust Provident Savings Prudential Reliance Reserve Loan State Mutual State Mutual Security Life and Annuity Security Mutual Security Trust Security Life and Annuity State Southern Life Southern States Life Sun Travelers United A merican Union Mutual Union Central Volunteer State Washington Massachusetts New York Wisconsin California Connecticut Pennsylvania Pennsylvania Pennsylvania New York New Jersey Pennsylvania Indiana Massachusettes Georgia Illinois New York New York North Carolina Indianapolis North Carolina Alabama Canada Connecticut Maine Ohio Tennessee New York 780 798 00 2670561 00 1749300 00 3782700 00 205000 00 76721 57 801877 11 419577 13 50241 69 81646 97 4645689 00 72000 00 564318 00 2117900 00 513500 00 306000 00 306600 00 1410900 00 24573 00 240026 00 191654 04 6000 00 10562 Oil 23000 00 771888 26 1634 89 119502 18 366802 42 30159 38 50397 57 28956 44 135826 20 235195 00 42340 00 229600 00 7365 00 73550 47 15926 25 34000 00 87760 00 3000 00 9 300 00 1000 00 3000 00 14486 00 2121500 00 150066 95 Total 703000 00 230304 00 466876 19 1783294 00 230500 00 33855 00 47679594 34 7337848 96 63101 55 172895 31 29414 58 21323 50 30000 00 10644 00 982 00 48 80 5000 00 17412 40 260531 25 5187 33 26604 59 25677 50 82160 00 ViOO 00 55762 00 J4b0 00 2665295 69 284643 82 58 401 226 40 252 80 36 80 41 60 32 00 214 40 32 00 51 20 51 20 4 80 56 00 58 40 99 20 32 00 58 40 53 60 41 60 56 00 48 80 178 40 32 00 75 20 68 00 51 20 66 40 767 22 8048 77 4195 77 502 42 816 46 16 61 7718 88 16 84 1195 02 O 3668 02 O K H 301 59 503 97 289 56 1358 26 p 735 50 H 159 26 w lf00 67 V M 631 02 CO 1728 95 174 12 Pi 2605 31 o 71 87 26i 05 m H 4235 20 73537 22 Crc CD CDTABLE No 3 Showing Business Done by Assessment Life Fire and Accident Insurance Companies in this State for the Year 1906 OS o o NAME OF COMPANY STATE Amount of Insurance Written during the Year Premiums Losses Paid Losses Unpaid Fees Tax o o W O E F H W to American Mut Life of Rutledge American Assurance Association American Insurance Oo American Live Stock American Live Stock of Eastman Angelus Mutual Athens Mutual Athens Cooperative Live Stock Atlanta Mutual Live Stock Atlanta Mutual Insurance Association Bankers Health and Life Insurance Co Bell Mutual Live Stock Continental Aid Association Citizens Live Stock Commonwealth Insurance Co Cooperative Live Stock Cotton Mill Mutual Fire Insurance Co Empire Mutual Annuity Life Insurance Co Empire State Live Stock Farmers Cooperative Fire Farmers Cooperative Protective Live Stock Farmers Mutual Fire of Madison Farmers Mutual Fire Insurance Co Gate City Fire Georgia Cooperative Fire Georgia Alabama Florida Live Stock Georgia Live Stock of Tifton Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia 120300 00 534855 00 1001550 00 197311 00 1234430 25 39045 00 11977 05 88314 00 14579 32 12901 31 3767 50 4448 59 1208 34 1340 00 4614 92 25187 15 1089 26 4117 22 1356 00 119 77 10313 05 225 00 6740 00 4172 00 270831 25 62603 00 555790 00 1597000 00 1012298 00 79812 00 1080000 00 4500 00 19573 43 816 97 4275 91 64532 68 5061 98 399 00 5400 00 145 00 5581 1 i050 00 41 29 6181 25 5120 00 350 00 3135 00 800 00 36 8C 53 6C 145 79 60 80 129 01 28 8 37 67 51 20 36 8C 46 14 65 60 251 87 34 40 51 20 13 56 101 60 119 97 75 20 103 13 32 00 56 00 195 73 41 60 34 40 8 17 32 00 32 00 45 32 37 20 645 32 32 00 39 20 50 61 46 40 44 00 3 99 44 00 54 00 36 80 1 45 32 00 41 60 65 60 Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Union Mutual AssociationGeorgia Georgia Live Stock Company Ginners Mutual Fire of Athens Georgia Mutual Fire Insurance Co German Mutual Fire of Atlanta Great Southern Home Industrial Insurance Co Guaranty Aid and Relief Society Home Friendly Society Industrial Life and Health Metropolitan Mutual Benefit Association Mutual Benefit Life Mutual Benefit Industrial Mutual Life Industrial Association Mutual Live Stock M utual Fire Indemnity Mutual Fire Insurance Co Mutual Trust Insurance Co of Cordele National Health and Accident National Live Stock Pilgrim Health and Life Planters Live Stock South Georgia Farmers Southern Cooperative Live Stock Southern Life Insurance Co Southern Mutual Life Southern Mutual Live Stock Southern Mutual Fire Sterling Mutual Life Southern Life and Health Southern Live Stock Sunlight Insurance Co Union Benefit Association Union Fire United Live Stock 244655 00 326180 09 348435 00 35250 00 6283L 50 301120 00 1137276 00 184575 00 152500 00 7807 32 4361 23 5327 50 2157 28 5481 25 23485 00 219234 65 23167 85 6002 00 53291 30 541100 00 124700 00 337040 00 54750 00 279300 00 55000 00 773000 00 647516 00 72244 38 12986 40 1509 61 6208 12 594 75 1592 00 500 00 284 33 1063 00 1754 21 13762 19 79674 25 7768 91 7302 00 1731 60 1266 66 22 66 19602 00 255 00 3092 00 36881 51 157 55 318 05 219936 00 TotalI 14769148 39 68901172 26336046 4646 40 1618 60 4063 00 48031 00 9253 75 985 00 64318 00 132 50 27216 92 2000 00 1246 40 600 00 89 60 78 07 39 20 43 61 58 40 53 28 41 60 21 57 36 80 54 81 48 80 234 85 147 20 2192 34 137 60 231 67 41 60 60 00 34 40 48 80 722 45 96 80 129 86 34 40 15 10 69 09 84 80 36 80 5 94 36 80 53 60 196 02 32 00 34 40 2 55 32 00 32 00 46 40 34 40 39 20 32 00 41 60 40 80 41 60 41 60 34 40 34 40 118 40 3092 00 368 81 16 18 40 63 480 37 2995 20 9960 93 a o B O F F H w o H z o 3 oTABLE No 4 Showing Business Done by Accident Marine and Surety Companies in this State for the Year 1906 C3 NAME OF COMPANY STATE American Casualty American Bonding American Surety yEtna Accident Etna Indemnity Continental Casualty Employers Liability Empire State Surety Employers Indemnity Federal Union Surety Frankfort Marine Fidelity and Casualty Fidelity and Deposit General Accident General Accident Great Eastern Casualty Guarantee Company of North America Han ford Steam Boiler London Guarantee Lloyds Plate Glass Maryland Casualty Metropolitan Casualty Metropolitan Plate Glass National Surety New York Plate Glass North American Accident Maryland New York Connecticut Connecticut Illinois England New York Pennsylvania Indiana Germany New York Maryland Scotland Pennsylvania New York Canada Connecticut England New York Maryland New York New York New York New York Illinois Amount of In surance Written Dur ing the Year Premiums Losses Paid Losses Un paid Fees 6766166 00 8662650 00 4310204 00 38200 00 7439750 00 922250 00 17248974 70 5476030 00 7909830 00 112200 00 5077900 00 1507314 00 1614000 0U 67551 00 12390272 00 7767141 00 3153734 00 92719 00 1032300 00 17530 80 15098 28 57599 80 15731 48 47 24 17143 09 4714 73 79622 44 26521 99 15913 35 296 50 841 00 7034 87 13816 58 8723 17 1726 04 70624 55 20084 99 10559 58 2255 29 5904 76 19526 24 6109 72 17865 12 1893 77 327 33 5110 73 417 31 28376 92 2759 66 5446 64 45 06 297 50 3969 85 490 23 1966 23 675 02 28594 56 3830 12 3884 90 547 37 1489 56 I 3405 55 5461 21 4907 92 29 60 982 66 5000 00 2472 00 7 00 405 86 157 57 240 00 1000 00 394 83 1287 37 558 91 195 09 41 60 34 40 185 60 2 40 46 40 58 40 32 00 32 00 32 00 34 40 125 60 32 00 60 80 14 40 36 80 36 80 76 40 44 00 51 20 56 00 34 40 104 00 94 40 34 40 56 00 Tax 175 30 150 98 576 00 157 31 47 24 171 43 26 70 47 14 796 22 265 21 159 13 2 97 11 38 70 35 138 16 87 23 17 26 200 84 105 59 22 55 59 04 o o 13 o f F H w 6 H H F OOcean Accident Pennsylvania Casualty Preferred Accident Standard Accident Title Guaranty Thames and Mersey Marine Travelers Accident United States Casualty United States Fidelity Guarantee United States Health Accident United Surety England Pennsylvania New York Michigan Pennsylvania England Connecticut New York Maryland Michigan Maryland Total 939500 00 3389500 00 2100550 00 456588 00 1091538 00 23954000 00 6483730 96 1911800 00 15200 00 132931562 6b 37679 69 10118 69 11289 00 18060 94 3430 25 2556 24 84090 75 50375 89 36864 42 20304 09 105 00 666665 49 22662 61 2573 93 3404 42 7870 13 38475 05 31704 20 1954 01 11389 70 253657 89 10470 00 580 43 2740 00 10698 26 809 21 51963 47 41 20 26 40 51 20 111 20 70 80 34 40 58 40 144 80 34 40 34 40 1963 60 376 80 101 19 112 89 180 61 34 30 25 56 840 92 503 75 368 64 203 04 1 05 6036 78 a o K 13 3 ft o p P H SI g g H ft i m H a o ft 3 03 03TABLE No 5 Comparative Table Showing Comparative Business of Insurance Companies in the State for the Years 1900 to 1906 Inclusive 1900 Fire 1900 Life 1900 Cooperative 1900 Accident Surety and Marine 1901 Fire Companies 1901 Old Line Life Companies 1901 Assessment Life Companies 1901 Accident Plate Glass Marine and Surety Cos 1901 Fraternal Orders 1902Fire 1902Old Line Life 1902IAssessment Life 1902 Accident Plate Glass Marine and Surety Cos 1902 Fraternal Orders 1902 1902 1908 1903 1903 1903 Agents Tax receipted for as fees by mistake Overpayment of fees Fire Life Cooperative Accident Surety and Marine 1903 Fraternal Orders 1904 Fire 1904 Life 1904 Cooperative 1904 Accident Surety and Marine 1904 Fraternal Orders Less Overpayment Amount Insurance in Force Premiums Losses 179561495 92223613 7847605 76015608 231234339 132654379 4659699 106758014 234719433 140409404 4848391 101564929 225048844 142672751 5903650 99933279 280530212 171133881 9158245 100855541 2419054 02 3989954 41 276811 01 260701 94 2799184 25 4096642 95 231899 72 329627 19 3002653 49 4799931 23 275400 53 382844 05 3241995 28 5298816 17 303421 89 395082 45 3535767 42 59S0233 56 389008 97 508813 32 1575983 77 1488443 73 100074 48 122829 96 1543133 20 1524301 42 51478 98 150316 41 1379395 44 1843778 09 54375 95 203605 77 1431332 91 1758747 09 68363 02 201170 42 1336233 95 2302996 62 99118 97 213934 79 3 a Sao Fees Taxes 2694 580 152 195 2816 739 127 200 2515 744 99 244 2890 739 163 312 3306 957 154 350 8514 2512 780 1396 8839 2989 848 1312 220 7860 3065 653 1513 300 30 8728 3117 1095 1740 430 9919 3640 1233 1704 410 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 4046 12 5088 13 Total 32704 78 38897 58 3548 90 4003 86 36830 89 43955 96 3183 38 4608 25 39692 61 51123 08 3407 60 5342 00 41543 29 56163 19 4129 40 5458 57 45287 20 63443 13 5279 72 6792 13 o 3 o E a W Q H m GO W H O1905 Fire 1905 Life 1905 Cooperative 1905 Accident Surety and Marine 1905 Kraternal Orders 1906 Fire 1906 Life 1906 Cooperative 1906 Accident Surety and Marine 1906 Fraternal Orders 274885240 75 197919425 16 12661243 05 99830976 34 3855589 11 6618772 04 267563 37 577022 62 4281305 95 7337848 96 684149 72 666665 49 2560991 2513637 3443227 43 203885 85 248449 44 1659543 25 2665295 69 262025 46 253657 89 1047 202 397 10746 40 4112 80 1892 80 1912 80 410 00 12595 40 4235 20 2995 20 1936 60 700 00 39125 73 66605 96 4955 58 5779 25 41991 47 73537 22 9960 93 6036 78 49872 13 70718 76 6848 38 7692 05 o o 0 to o E H to 6 2 r 02 to H T O to Oi oINDEX iETNA INDEMNITY COMPANY OF HARTFORD CONNECTICUT Statement of 477 vETNA INSURANCE COMPANY HARTFORD CONNECTICUT Statement of 16 ETNA LIFE INSURANCE COMPANY OF CON NECTICUT Statement of 221 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN N Y Statement of 19 ALLIANCE INSURANCE COMPANY OF PHILA DELPHIA Statement of 22 AMERICAN ASSURANCE ASSOCIATION OF AT LANTA GA Statement of 429 AMERICAN BONDING COMPANY OF BALTIMORE MARYLAND Statement of 480608 COMPTROLLERGENERALS REPORT AMERICAN CASUALTY INSURANCE COMPANY READING PA Statement of 487 AMERICAN CENTRAL INSURANCE COMPANY OF ST LOUIS MO Statement of 24 AMERICAN INSURANCE COMPANY Statement of 431 AMERICAN INSURANCE COMPANY OF NEW JERSEY Statement of 27 ATHENS MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Statement of 433 AMERICAN MUTUAL LIFE INSURANCE COM PANY RUTLEDGE GA Statement of433 AMERICAN LIVE STOCK INSURANCE COMPANY Statement of 429 AMERICAN SURETY COMPANY OF NEW YORK Statement of 484 ANGELUS MUTUAL INSURANCE COMPANY Statement of 408 ATHENS COOPERATIVE LIVE STOCK INSUR ANCE COMPANY Statement of 42gCOMPTROLLERGENERALS REPORT 609 ATLANTA BIRMINGHAM FIRE INSURANCE COMPANY OF BIRMINGHAM ALA Statement of 32 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Statement of 35 ATLANTA INDUSTRIAL LIFE INSURANCE COM PANY Statement of 221 ATLANTA MUTUAL INSURANCE ASSOCIATION OF ATLANTA GA Statement of 426 ATLAS ASSURANCE COMPANY LTD LONDON Statement of 29 B BANKERS HEALTH AND LIFE INSURANCE COMPANY OF MACON GA Statement of 434 BOSTON FIRE INSURANCE COMPANY OF BOS TON MASS Statement of 37 BRITISH AMERICA ASSURANCE COMPANY TO RONTO CANADA Statement of 41 39 in610 COMPTROLLERGENERALS REPORT c CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH SCOTLAND Statement of 43 CHICAGO LIFE INSURANCE COMPANY CHI CAGO ILL Statement of 224 CITIZENS FIRE INSURANCE COMPANY OF MIS SOURI Statement of 4 CITIZENS LIFE INSURANCE COMPANY OF LOUISVILLE KY Statement of 228 COLUMBIAN NATIONAL LIFE INSURANCE COMPANY OF BOSTON MASS Statement of 23 COMMERCIAL UNION ASSURANCE COMPANY LTD OF LONDON ENGLAND Statement of 49 COMMONWEALTH INSURANCE COMPANY AT LANTA GA Statement of 436 CONNECTICUT FIRE INSURANCE COMPANY HARTFORD Statement of 52 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD CONN Statement of 235COMPTROLLERGENERALS REPORT 611 CONTINENTAL AID ASSOCIATION OF ATLAN TA GA Statement of 437 CONTINENTAL CASUALTY COMPANY HAM MOND IND Statement of 49 CONTINENTAL EIRE INSURANCE COMPANY OE NEW YORK Statement of 55 COTTON MILL MUTUAL FIRE INSURANCE COM PANY OF GEORGIA Statement of 439 D DIXIE FIRE INSURANCE COMPANY OF GREENS BORO N C Statement of 5 EAGLE FIRE INSURANCE COMPANY OF NEW YORK Statement of 59 EMPIRE MUTUAL ANNUITY AND LIFE INSUR ANCE COMPANY OF GEORGIA Statement of 44 EMPIRE STATE SURETY COMPANY OF NEW YORK Statement of 49612 COMPTROLLERGENERALS REPORT EMPLOYERS INDEMNITY COMPANY OF PHILA DELPHIA PA Statement of 496 EMPLOYERS LIABILITY ASSURANCE CORPORA TION LTD U S BRANCH GREAT BRIT AIN AND IRELAND Statement of 499 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Statement of 239 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF JACKSON GA Statement of 445 FARMERS FIRE INSURANCE COMPANY OF GEORGIA Statement of 443 FARMERS MUTUAL FIRE INSURANCE COM PANY OF FORT GAINES GA Statement of 444 FEDERAL UNION SURETY COMPANY OF INDI ANA Statement of 502 FIDELITY AND CASUALTY COMPANY OF NEW YORK N Y Statement of 508COMPTROLLERGENERALS REPORT 613 FIDELITY AND DEPOSIT COMPANY OF MARY LAND Statement of 52 FIDELITY FIRE INSURANCE COMPANY OF NEW YORK Statement of 62 FIDELITY MUTUAL LIFE INSURANCE COM PANY PHILADELPHIA PA Statement of 244 FIRE ASSOCIATION OF PHILADELPHIA PA Statement of 52 FIREMANS FUND INSURANCE COMPANY OF SAN FRANCISCO CAL Statement of 68 FIREMENS FUND INSURANCE CORPORATION OF CALIFORNIA Statement of 71 FIREMENS INSURANCE COMPANY OF NEW ARK N J Statement of 65 FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSURANCE COMPANY Statement of 55 FRANKLIN LIFE INSURANCE COMPANY SPRINGFIELD ILL Statement of 248614 COMPTROLLERGENERALS REPORT GATE CITY FIRE INSURANCE COMPANY OF GEORGIA Statement of 446 GEORGIA COOPERATIVE FIRE ASSOCIATION OF GEORGIA Statement of 451 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Statement of GEORGIA INDUSTRIAL INSURANCE COMPANY OF GEORGIA Statement of 448 GEORGIA MUTUAL FIRE INSURANCE COMPANY OF GEORGIA Statement of 448 GEORGIA LIVE STOCK INSURANCE COMPANY OF GEORGIA Statement of 453 GENERAL ACCIDENT ASSURANCE CORPORA TION LIMITED Statement of cjc GENERAL ACCIDENT INSURANCE COMPANY OF PENNSYLVANIA Statement of IO GERMANAMERICAN INSURANCE COMPANY OF NEW YORK CITY N Y Statement of ygCOMPTROLLERGENERALS REPORT 615 GERMAN ALLIANCE FIRE INSURANCE COM PANY OF NEW YORK N Y Statement of 75 GERMAN FIRE INSURANCE COMPANY OF FREE PORT ILLINOIS Statement of 8l GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 84 GERMANIA LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of D GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y 87 Statement of GLOBE AND RUTGERS FIRE INSURANCE COM PANY OF NEW YORK Statement of 1 GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OF NEW YORK Statement of GREAT SOUTHERN HOME INDUSTRIAL ASSO CIATION OF ALABAMA Statement of 449 GUARANTEE COMPANY OF NORTH AMERICA Statement of J616 COMPTROLLERGENERALS REPORT GUARANTY AID AND RELIEF SOCIETY OF GEOR GIA Statement of 446 H HAMBURGBREMEN FIRE INSURANCE COM PANY OF HAMBURG GERMANY Statement of 92 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 94 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of 97 HARTFORD LIFE INSURANCE COMPANY OF HARTFORD CONN Statement of 256 HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY OF CONNECTICUT Statement of 527 HOME FRIENDLY SOCIETY OF MARYLAND Statement of 454 HOME INSURANCE COMPANY OF NEW YORK Statement of IOO HOME LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of gjCOMPTROLLERGENERALS REPORT 617 I INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY OF GEORGIA Statement of 456 J JEFFERSON FIRE INSURANCE COMPANY OF PHILADELPHIA Statement of I03 L LIFE INSURANCE COMPANY OF VIRGINIA Statement of LIVERPOOL AND LONDON AND GLOBE INSUR ANCE COMPANY OF LIVERPOOL ENG LAND Statement of Io8 LIVERPOOL AND LONDON AND GLOBE INSUR ANCE COMPANY OF NEW YORK N Y Statement of Io6 LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK Statement of 533 LONDON ASSURANCE CORPORATION OF LON DON ENGLAND Statement of LONDON GUARANTEE AND ACCIDENT COMPA NY LIMITED Statement of 618 COMPTROLLERGENERALS REPORT LONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Statement of 115 LUMBER MUTUAL INSURANCE COMPANY OF BOSTON MASS Statement of 117 M MACON LIVE STOCK INSURANCE COMPANY OF GEORGIA Statement of461 MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of 269 MARYLAND CASUALTY COMPANY OF MARY LAND Statement of 536 MARYLAND LIFE INSURANCE COMPANY OF BALTIMORE MD Statement of 274 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS Statement of MERCANTILE MUTUAL FIRE INSURANCE COM PANY OF PROVIDENCE R I Statement of MERIDIAN LIFE AND TRUST COMPANY OF IN DIANA Statement of 278 120 283COMPTROLLERGENERALS REPORT 619 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK Statement of 28 METROPOLITAN MUTUAL BENEFIT ASSOCIA TION OF GEORGIA Statement of 459 METROPOLITAN PLATE GLASS AND CASUALTY INSURANCE COMPANY OF NEW YORK Statement of 540 METROPOLITAN SURETY COMPANY OF NEW YORK Statement of 543 MICHIGAN COMMERCIAL INSURANCE COM PANY OF LANSING Statement of 122 MICHIGAN COMMERCIAL INSURANCE COMPA NY LANSING MICH Statement of 546 MICHIGAN MUTUAL LIFE INSURANCE COM PANY DETROIT MICH Statement of MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE WIS Statement of 290 124 MISSOURI STATE LIFE INSURANCE COMPANY ST LOUIS MO Statement of 294620 COMPTROLLERGENERALS REPORT MUTUAL BENEFIT LIFE INSURANCE COMPANY OF GEORGIA Statement of a6i MUTUAL BENEFIT LIFE INSURANCE COMPANY NEWARK N J Statement of MUTUAL FIRE INDEMNITY ASSOCIATION OF GEORGIA Statement of 464 MUTUAL FIRE INSURANCE COMPANY OF COR DELE GA Statement of 458 MUTUAL LIFE INDUSTRIAL ASSOCIATION OF GEORGIA Statement of 462 MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Statement of 303 MUTUAL LIVE STOCK INSURANCE COMPANY OF GEORGIA Statement of 459 MUTUAL RESERVE LIFE INSURANCE COMPANY OF NEW YORK Statement of 308 N NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of 127COMPTROLLERGENERALS REPORT 621 NATIONAL LIFE INSURANCE COMPANY CHI CAGO ILL Statement of 3T3 NATIONAL LIFE INSURANCE COMPANY MONT PELIER VT Statement of 37 NATIONAL SURETY COMPANY Statement of 548 NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG PA Statement of I29 NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY BOSTON MASS Statement of 322 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER N H Statement of 3 NEW YORK LIFE INSURANCE COMPANY NEW YORK Statement of 32 NEW YORK PLATE GLASS INSURANCE COMPA NY NEW YORK ke2 Statement of OD NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 622 COMPTROLLERGENERALS REPORT NORTH AMERICAN ACCIDENT INSURANCE COM PANY OF ILLINOIS Statement of 554 NORTH AMERICA INSURANCE COMPANY OF PHILADELPHIA PA Statement of 137 NORTH BRITISH AND MERCANTILE FIRE IN SURANCE COMPANY U S BRANCH OF LONDON AND EDINBURGH Statement of 141 NORTHERN ASSURANCE COMPANY U S BRANCH Statement of 149 NORTH GERMAN FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 144 NORTH RIVER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 146 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY Statement of 33i NORWICH UNION FIRE INSURANCE SOCIETY U S BRANCH OF ENGLAND Statement of 152COMPTROLLERGENERALS REPORT 623 o OCEAN ACCIDENT AND GUARANTEE CORPORA TION LIMITED OE LONDON ENGLAND Statement of 557 ORIENT EIRE INSURANCE COMPANY OF HARTFORD Statement of 54 P PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Statement of PACIFIC MUTUAL LIFE INSURANCE COMPANY SAN FRANCISCO CAL Statement of 335 PALATINE INSURANCE COMPANY LTD OF LONDON ENGLAND 157 Statement of PENN MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PA Statement of 345 PENNSYLVANIA CASUALTY COMPANY OF PENN SYLVANIA 563 Statement of PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA PA 159 Statement of624 COMPTROLLERGENERALS REPORT PHENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y Statement of 162 PHCENIX FIRE ASSURANCE COMPANY LTD OF LONDON ENGLAND Statement of jgc PHCENIX INSURANCE COMPANY OF HART FORD CONN Statement of 167 PHOENIX MUTUAL LIFE INSURANCE COMPANY OF CONNECTICUT Statement of 340 PHILADELPHIA LIFE INSURANCE COMPANY OF PHILADELPHIA PA Statement of 35 PILGRIM HEALTH AND LIFE INSURANCE COM PANY OF GEORGIA Statement of 46c PITTSBURGH LIFE AND TRUST COMPANY OF PENNSYLVANIA Statement of 356 PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK Statement of PROVIDENT SAVINGS LIFE ASSURANCE SO CIETY NEW YORK N Y Statement of 566 359COMPTROLLERGENERALS REPORT 625 PRUDENTIAL FIRE INSURANCE COMPANY OF WEST VIRGINIA Statement of l7 PRUDENTIAL INSURANCE COMPANY OF AMER ICA NEWARK N J Statement of 35 Q QUEEN INSURANCE COMPANY OF AMERICA NEW YORK 1 Statement of l72 R RELIANCE LIFE INSURANCE COMPANY PITTS BURGH PA Statement of 34 RESERVE LOAN LIFE INSURANCE COMPANY INDIANAPOLIS IND Statement of 367 ROCHESTER GERMAN FIRE INSURANCE COM PANY OF ROCHESTER N Y Statement of 74 ROYAL EXCHANGE ASSURANCE OF LONDON ENGLAND Statement of I77 ROYAL FIRE INSURANCE COMPANY U S BRANCH OF LIVERPOOL ENGLAND Statement of l8 4o in626 COMPTROLLERGENERALS REPORT SCOTTISH UNION AND NATIONAL FIRE INSUR ANCE COMPANY OF EDINBURGH SCOT LAND Statement of i83 SECURITY FIRE INSURANCE COMPANY OF NEW HAVEN CONN Statement of 185 SECURITY LIFE AND ANNUITY COMPANY OF NORTH CAROLINA Statement of 370 SECURITY LIFE AND ANNUITY COMPANY OF VIRGINIA Statement of 38 SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Statement of 38i SECURITY TRUST AND LIFE INSURANCE COM PANY PHILADELPHIA PA Statement of 373 SOUTH GEORGIA FARMERS FIRE INSURANCE ASSOCIATION Statement of 466 SOUTHEASTERN MUTUAL FIRE INSURANCE COMPANY OF MACON GEORGIA Statement of 473 BHBHBM IHUHnHI COMPTROLLERGENERALS REPORT 627 SOUTHERN COOPERATIVE LIVE STOCK INSUR ANCE COMPANY OF ATHENS GA Statement of 473 SOUTHERN LIFE AND HEALTH INSURANCE COMPANY OF GEORGIA 472 Statement of SOUTHERN LIFE INSURANCE COMPANY OF GEORGIA 473 Statement of SOUTHERN LIFE INSURANCE COMPANY OF NORTH CAROLINA 385 Statement of SOUTHERN LIVE STOCK INSURANCE COMPANY OF GEORGIA 468 Statement of SOUTHERN MUTUAL FIRE INSURANCE COM PANY OF ATHENS GA 188 Statement of SOUTHERN MUTUAL LIFE INSURANCE ASSOCI ATION OF GEORGIA 469 Statement of SOUTHERN MUTUAL LIVE STOCK ASSOCIATION OF ELBERTON GA 473 Statement of SOUTHERN STATES LIFE INSURANCE COMPANY OF ALABAMA 399 Statement of H628 COMPTROLLERGENERALS REPORT STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF MICHIGAN Statement of eg STATE LIFE INSURANCE COMPANY INDIANAP OLIS IND Statement of 394 STATE MUTUAL LIFE ASSURANCE COMPANY WORCESTER MASS Statement of STATE MUTUAL LIFE INSURANCE COMPANY OF GEORGIA Statement of o7 ST PAUL FIRE AND MARINE INSURANCE COM PANY OF ST PAUL MINN Statement of SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS Statement of 1 yO SUN FIRE INSURANCE COMPANY OF NEW OR LEANS LA UK Statement of 199 SUN INSURANCE OFFICE U S BRANCH OF LONDON ENGLAND Statement of 196 SUN LIFE ASSURANCE COMPANY OF CANADA Statement of SUNLIGHT INSURANCE COMPANY OF GEORGIA Statement of 471 a COMPTROLLERGENERALS REPORT 629 T THAMES AND MERSEY MARINE INSURANCE COMPANY LTD U S BRANCH OE GREAT BRITAIN Statement of 573 TITLE GUARANTEE AND TRUST COMPANY OF SCRANTON PA Statement of 575 TRADERS FIRE INSURANCE COMPANY OF CHI CAGO ILL Statement of TRAVELERS INSURANCE COMPANY OF CON NECTICUT Statement of 44 TRAVELERS INSURANCE COMPANY OF CON NECTICUT Statement of 57 u UNION ASSURANCE SOCIETY OF LONDON ENGLAND 205 Statement ot UNION BENEFIT LIFE ASSOCIATION OF SAVAN NAH GA 474 Statement of UNION CENTRAL LIFE INSURANCE COMPANY OF OHIO 4J4 Statement of630 COMPTROLLERGENERALS REPORT UNION FIRE INSURANCE COMPANY ATLANTA GEORGIA Statement of 47 UNION MUTUAL ASSOCIATION OF GEORGIA Statement of 47c UNION MUTUAL LIFE INSURANCE COMPANY PORTLAND ME Statement of 4IO UNITED AMERICAN LIFE INSURANCE COMPANY OF DELAWARE Statement of 408 UNITED FIREMENS INSURANCE COMPANY OF PHILADELPHIA PA Statement of 207 UNITED LIVE STOCK INSURANCE COMPANY BAINBRIDGE GA Statement of 477 UNITED STATES CASUALTY COMPANY OF NEW YORK Statement of egj UNITED STATES FIDELITY AND GUARANTEE COMPANY OF MARYLAND Statement of cgr UNITED STATES HEALTH AND ACCIDENT IN SURANCE COMPANY OF MICHIGAN Statement of egg UNITED SURETY COMPANY OF MARYLAND Statement of eQI HHHHHHHHHllliHHHHHH COMPTROLLERGENERALS REPORT 631 VIRGINIA STATE FIRE INSURANCE COMPANY OF RICHMOND VA Statement of 2IO VOLUNTEER STATE LIFE INSURANCE COM PANY OF TENNESSEE Statement of 419 w WASHINGTON LIFE INSURANCE COMPANY OF NEW YORK Statement of 422 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of 213 WESTERN ASSURANCE COMPANY OF TORON TO CANADA Statement of 215 WILLIAMSBURG CITY FIRE INSURANCE COM PANY OF BROOKLYN N Y Statement of 218MNI I TrTTniiirTiT8iirr it jv r ihhjillmujC790 AUNIVERSITY OF GEORGIA LIBRARIES 3 H10S 054SM E6D6 J