THE LIBRARY OF THE UNIVERSITY OF GEORGIA I 1 if IS r ail II 1 I if l IS I I REPORT OF THE Insurance Department OF THE ComptrollerGenerals Office FOR THE YEAR ENDING DECEMBER 31 1907 ATLANTA OA THE FRANKLINTURNKR COMPANY PRINTERS PUBLISHERS BINDERS 1907REPORT Insurance Department Atlanta Ga January i 1908 To His Excellency Hoke Smith Governor Sir In compliance with law I have the honor to submit the annual report of this department for the year 1907 The insurance department like the other 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 1907 it appears that the Fire Companies received in premiums 447740790 and paid for losses 237890018 Life Companies received in premiums 790881760 and paid losses amounting to 282305500 Assessment Life and Industrial Companies received in premiums 79751752 and paid for losses 3209457 and Miscellaneous Companies received 745359 and paid claims amounting to 27619355 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 volume as well as in the premium income over last years figures the pre miums for 1906 being 1296997012 and for 1907 13929103 61 States revenue from same 13929103 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 beg to refer you to the official report of the insurance departmentIV COMPTROLLERGENERALS REPORT The Act of 1887 providing for State supervision of fire life accident and surety companies both domestic and foreign organ ized as stock companies has proven efficient and has afforded the 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 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 that 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 mil lions of dollars it would seem hut reasonable that cooperative or assessment companies and fraternal orders having in most cases merely nominal assets should also be required to make deposits for the protection of their policyholders Companies of this character necessarily receive most of their business from the poor and laboring people of both the white and colored races who can only afford to carry a little insurance for the benefit of their fami lies This being true the State should at least give to this classCOMPTROLLERGENERALS REPORT V cf her citizens such protection as is afforded policyholders in the companies which are now required to make deposits with the State Treasurer The extremely loose provisions of our statute regulating the incorporation of such companies and asso ciations as well as for granting them licenses have tended to encourage the organization of a considerable number of such and in many cases by persons without financial responsibility or even experience in the conduct of such enterprises and in quite a number of instances by ignorant negroes Thus organized and conducted it is perfectly apparent from the beginning that the result must be failure and the public suffer thereby I therefore renew again my recommendation that suitable leg islation to cure the evils referred to be enacted by the General Assembly at its June session 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 r i soThe following Fire Insurance Companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1908 Adirondack Fire New York N Y 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 N Y yEtna Fire Hartford Conn Athens Mutual Fire Athens Ga Atlas Assurance Co London 49 Wall Street New York Atlanta Home Atlanta Ga Boston Insurance Co Boston Mass British America 18 Front Street Toronto Canada Caledonian 27 Pine Street New York Cherokee Mutual Fire Canton Ga Citizens Fire St Louis Mo Commercial Union 58 Williams Street New York Continental 46 Cedar Street New York Cosmopolitan Fire New York N Y Connecticut Fire Hartford Conn Dixie Fire Greensboro N C Eagle Fire Insurance Co of New York Equitable Fire Charleston S C Fidelity Fire New York N Y Fire Association of Philadelphia 34 Fifth Street Philadelphia Pa Florida Home Marianna Fla Firemans Fund San Francisco Cal Firemans Insurance Co Newark N J Georgia Home Columbus Ga Georgia Fire Cedartown Ga Girard Fire Philadelphia Pa German Alliance New York GermanAmerican 115 Broadway New Yorkvru COMPTROLLERGENERALS REPORT Germania Fire 117 Broadway New York Glens Falls Fire 149 Glen Street Glens Falls N Y Globe and Rutgers New York N Y HamburgBremen U S B 62 Cedar Street New York Hanover Fire 40 Nassau Street New York Hartford Fire 53 Trumbull Street Hartford Conn Home 119 Broadway New York Insurance Company of North America 232 Walnut Street Philadelphia Pa Jefferson Fire Insurance Co Philadelphia Pa Liverpool and London and Globe of England U S B45 Wil liams Street New York Liverpool and London and Globe New York London Assurance U S B 88 Wall Street New York London and Lancashire U S B 46 Pine Street New York Lumber Insurance Co New York N Y Lumber Mutual Fire Boston Mass Michigan Commercial Fire Lansing Mich Mercantile Mutual Fire 10 Weybossett Street Providence R I Milwaukee Mechanics Milwaukee National Fire Hartford Conn National Union Fire Pittsburgh Pa Niagara New York New Hampshire Manchester N H Norwich Union 67 Wall Street New York North British and Mercantile U S B 54 Williams Street New York Northern Assurance 25 Pine Street New York North River Insurance Co 84 Williams Street New York North State Fire Greensboro N C Orient Insurance Company Hartford Conn Palatine U S B 21 Nassau Street New York Pennsylvania Fire 510 Walnut Street Philadelphia Pa Phcenix Assurance of England U S B 47 Cedar Street New York Phoenix of New York 16 Court Street Brooklyn N Y COMPTROLLERGENERALS REPORT JX Phoenix of Connecticut 64 Pearl Street Hartford Conn Queen of America 49 Cedar Street New York Rochester German Rochester N Y Royal Liverpool England Louisville Ky Royal Exchange 92 Williams Street New York Scottish Union and National U S B 222 Asylum Street Hartford Conn Shawnee Fire Topeka Kan Southern Fire Lynchburg Va Southern Mutual Athens Ga Southern Insurance Company of New Orleans La Springfield Fire and Marine Springfield Mass St Paul Fire and Marine St Paul Minn Sun Insurance Office England 54 Pine Street New York Sun New Orleans La Union Assurance Society London U S B 35 ie Street New York United States Lloyds New York N Y United Firemans Insurance Co Philadelphia Pa Virginia State Richmond Va Western Assurance 22 Wellington Street Toronto Canada Westchester Fire 27 and 29 Pine Street New York Williamsburg City Fire 150 Broadway New York The following Life Insurance Companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1908 American National Life Lynchburg Va iEtna Life Hartford Conn American National Life Galveston Texas Citizens Life Insurance Co Louisville Ky Columbia National Boston Connecticut Mutual Life Hartford Conn Des Momes Life Des Moines Iowa Equitable Life 120 Broadway New York Fidelity Mutual Life Philadelphia PaCOMPTROLLERGENERALS REPORT Franklin Life Springfield 111 Great Western Life Kansas City Mo Germania Life 20 Nassau Street New York Greensboro Life Greensboro N C Guarantee Life Houston Texas Home Life 256 Broadway New York Illinois Life Chicago 111 Indiana National Life Indianapolis Ind Life Insurance Company of Virginia Richmond Va Louisiana National Life Society New Orleans La 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 and Accident Nashville Tenn National Life Montpelier Vt New England Mutual Life Boston New York Life 346 and 348 Broadway New York Northwestern Mutual Life corner Broadway and Milwaukee Streets Milwaukee Wis Old Colony Life Chicago Ills Pacific Mutual Life San Francisco Cal Philadelphia Life Insurance Co Philadelphia Prudential Life Newark N J Penn Mutual Life 921 Chestnut Street Philadelphia Pa Phoenix Mutual Life Hartford Conn Provident Savings Life 55 Liberty Street New York Reliance Life Pittsburg Pa Reserve Loan Life Indianapolis Ind Rome Industrial Life Rome Ga COMPTROLLERGENERALS REPORT xr Security Life and Annuity Chicago Security Life and Annuity Greensboro N C Security Mutual Life Binghamton N Y State Mutual Life Rome Ga State Life Indianapolis Ind State Mutual Life Assurance Co Worcester Mass Southern Life Insurance Co Fayetteville N C Southern States Life Montgomery Ala Southern States Mutual Life Charleston S C South Atlantic Life Richmond Va Sun Life Assurance Co Montreal Canada Travelers Life 56 Prospect Street Hartford Conn Union Central Life 243 West Fourth Street Cincinnati Ohio Union Mutual Life Portland Me Volunteer State Life Chattanooga Tenn Washington Life 21 Courtlandt Street New York The following Assessment Fire Life and Accident Insur ance Companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1908 American Insurance Company fire Atlanta Ga American Assurance Association life Atlanta Ga Atlanta Mutual Live Stock Insurance Co Atlanta Ga Atlanta Mutual Insurance Association Atlanta Ga Bankers Health and Life Macon Ga Commonwealth Fire Insurance Company Atlanta Ga Continental Aid Association Atlanta Ga Cotton Mill Mutual Fire Insurance Company Augusta Ga Empire Mutual Annuity and Life Insurance Company At lanta Ga Farmers Cooperative and Protection Live Stock Swams boro Ga Farmers Mutual Fire Dawson Ga Farmers Cooperative Fire Insurance Company Jackson Ga Farmers Fire Insurance Company Madison Ga Farmers Mutual Fire Calhoun GaXII COMPTROLLERGENERALS REPORT Fire Insurance Company of Georgia Dallas Ga Gate City Fire Insurance Company Atlanta Ga German Mutual Fire Savannah Ga Georgia Cooperative Fire Savannah Ga Georgia Live Stock Insurance Company Tifton Ga Ginners Mutual Insurance Co 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 Ga Macon Live Stock Insurance Co Macon Ga Metropolitan Mutual Benefit Association Atlanta Ga Mutual Fire Indemnity Augusta Ga Mutual Life Industrial Association Athens Ga Mutual Fire Insurance Company Cordele Ga Mutual Live Stock Insurance Company Athens Ga Mutual Benefit Life Insurance Co Valdosta Ga New South Mutual Life Atlanta Ga Mutual Benefit Industrial Life Association Savannah Ga Pilgrims Health and Life Association Augusta Ga Provident Life and Accident Chattanooga Tenn Protective Fire Lithonia Ga Southern Agricultural Fire Atlanta Ga Sterling Mutual Life Insurance Co Madison Ga South Georgia Farmers Insurance Company Thomasville Ga Southeastern Mutual Fire Insurance Co Macon Ga Southern Mutual Live Stock Insurance Company Elberton Ga Southern Life and Health Insurance Company Atlanta Ga Sunlight Insurance Company Atlanta Ga Southern Mutual Life Insurance Association Atlanta Ga Union Fire Insurance Co Atlanta Ga Union Mutual Association Atlanta Ga Union Benefit Association Savannah Ga COMPTROLLERGENERALS REPORT XIII The following miscellaneous companies having complied with the laws of Georgia are authorized to transact business in the State for the year 1908 American Assurance Accident Philadelphia Pa JEtna Indemnity Hartford Conn American Bank Insurance Co Minneapolis Minn American Casualty Philadelphia American Surety New York American Bonding and Trust Company Baltimore Md American Credit Indemnity Company New York Continental Casualty Company Hammond Ind Empire State Surety Company New York Employers Indemnity Company Philadelphia Employers Liability Insurance Association 84 and 85 King William Street London England and 71 Kilby Street Boston Mass Federal Union Surety Indianapolis Fidelity and Casualty 214 Broadway New York Federal Casualty Detroit Mich Fidelity and Deposit Company Baltimore Md Frankfort Marine Accident and Plate Glass United States Branch New York General Accident Association Corporation United States Branch Philadelphia Pa Perth Scotland General Accident Association Philadelphia Pa Great Eastern Casualty 290 Broadway New York Guarantee of North America 157 St James Street Montreal Canada Hartford Steam Boiler 218 Main Street Hartford Conn Lloyds Plate Glass 68 Williams Street New York London Guarantee and Accident 139 LeSalle Street Chicago 111 Maryland Casualty Company Baltimore Md Metropolitan Casualty Company New YorkXIV COMPTROLLERoENERALS REPORT Metropolitan Surety Company New York National Surety Company New York N Y National Casualty Company Detroit Mich 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 American Life and Accident 300 Walnut Street Philadelphia Pa Union Health and Accident Denver Col 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 Woodmens Casualty Company Indianapolis Ind The following Fraternal Orders having complied with the laws of Georgia are authorized to transact business in the State for the year 1908 American Benevolent Association St Louis Mo American Guild Richmond Va American Woodmen Denver Col Benevolent Knights of America Meridian Miss Catholic Knights of America St Louis Mo Citizens Mutual Benefit Society Atlanta Ga Eminent Household of Columbian Woodmen Atlanta Ga Farmers Mutual Life Protective Association Atlanta Ga Foresters Toronto Canada Fraternal Union Denver Col Fraternal Relief Association Richmond Va Fraternal Bankers of America St Louis Mo COMPTROLLERGENERALS REPORT xv Fraternal Censor Dayton Ohio Fraternal Life Association Elberton Ga Fraternal Mystic Circle Philadelphia Pa Heptasophs Baltimore Md Home Friend Athens Ga Heralds of Liberty Huntsville Ala Home Protective Association Statesboro Ga Homesteaders Des Moines la Knights of Honor St Louis Mo Knights of Agriculture Washington D C Knights of Modern Maccabees Port Huron Mich Ladies of the Maccabees Port Huron Mich Masons Annuity Atlanta Ga Masonic Mutual Relief Association Washington D C Modern Brotherhood of America Mason City Iowa Modern Workmen of the World Alexandria Va Modern Protective Association Philadelphia Pa Modern Woodmen of the World Mutual Life Industrial Association Athens Ga National Benevolent Society Kansas City Mo National Life Annuity Association Atlanta Ga National Union Life Association Atlanta Ga North American Union Chicago 111 Old Dominion Protective Association Alexandria Va Order of Washington Portland Oregon 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 United Benevolent Society Atlanta Ga United Commercial Travelers Columbus Ohio United States Protective Society St Louis Mo United Woodmen Benefit Association Holly SpringsLIST OF INSURANCE AGENTS WHO HAVE PAID THE OCCUPATION TAX FOR THE YEAR 1907 From January 1st to October 1st of said Year ABBEVILLE VVILCOX COUNTY Baker A T Lawson Hal Carries J E ACWORTH COBB COUNTY Lemon J L Mitchell Penn ADAIRSVILLE BARTOW COUNTY Bishop McCollum Wray J L Broadnax F E Braswell S J Campbell M O ADRIAN EMANUEL COUNTY James Mercantile Co James T J Mallory W A Staten W F ADEL BERRIEN COUNTY Sutton J M ebb A A ALAPAHA WILCOX COUNTY Dorminy J T Pauk Tiller ALBANY DOUGHERTY COUNTY Albany Ins Agency Dejarnette S R Rosenthal M Barnes Z A Jr Gortatowsky A C Warren R H Davis J S Green W C Tarver H H AMERICUS SUMPTER COUNTY Arthur F B Council J M Andrews Andrews Davenport Son Amazon J L Gatewood T F Allen Lee Hansford L M Brinson E H Harrold Thos Bagley D W Jones F B Council C M Jones Will Jones F B McNutty Co Roney Davenport Statham B G Statham B G Sheffield E D Wheatley J W Co COMPTROLLERGENERALS REPORT APPLING COLUMBIA COUNTY Winn Ready ARLINGTON CALHOUN COUNTY McMillan J G McNeill J O ALMA APPLING COUNTY Wheeler E ALPHARETTA MILTON COUNTY Rucker Geo D ASHBURN WORTH COUNTY XVH Evans Realty Co Wells A J McHancock J Williams W T LeVert E H AUSTELL COBB COUNTY Shelverton C J ATHENS CLARK COUNTY Brooks Conway Brooks Jester Crau J W Crane Co Christian C E Chasler T Cohen C W Conway A T DuBose R T Dozier Realty Co Hull J L Howell E M Hudgins F B Jester J G Jordan W C Jaukowes M Lipscomb Co Mell E B Millstead A H Morton J W McCrary R H Newton C H Nicholson Co Phinizy B Peeples W J Peeples W J Shepherd J T AUGUSTA RICHMOND COUNTY Arnett C O Armstrong Jas L A very C B Avery J J Allen J B H Co Anderson N C Alexander Johnson Steiner Allen E C Avery J J Barrett H G Burke Jas A Bellinger E T Miss Bates Mack Butt F M Co Bean E E 6 Cogburne W S Castello E J Cartledge J L Carswell J F Cowfman W S Dana C R Daniel D H Deas W D Doughty L G Dawson W R Fishburne C E Furze W E Fishburn E Gray M D Gresham F T Hill J S Johnson D C Jacobs W J Kelley J N Kalbjleisch Co Lorick H C Lee J M Long G W Lewis Jno C Mullarky A P H Mulherin C C McClintic R C Mullarky A P H McMillan J S Millicamp H C North H M Neill J A XVIII COMPTROLLERGENERALS REPORT Barton G B Byro F W Blackstone E L Cohen J J Crane W H Cave J H Cunningham A L Cabaniss W M Cartledge J L Harris C Harter E S Heard I T Hawkins R W Johnson E L Jones R E Jennings W M Jones T S Phinizy Co F Rushin J D Sherman T H Timberlake Eve Wright Miss Annie G Williams Co M B Watkins J S Walker J W ATLANTA FULTON COUNTY Adams J H Anderson N T Arrington A Angier C Armstead J F Angier Foreman Atkinson J D Butt F M Beattie Geo A Brisenbine W D Bryson J W Brown N B Burwell B L Butler C S Brandon H L Baggs E M Bartlett J T Brown G A Bolan J W Bishop Geo W Bustin F E Bryson J W Bushman J E Bustin F E Brooks T H Barber F L Crossthwait H D Calkins F C Conway A M Coleman F W Custer W V Cook C M Cleveland J B Comer Geo Connell E L Cooney R L Clark E J Crawford D Cowles J S Cross H L Collier Akers Dunlap Edgar Dean G A Durant Ed Dennis H E Dickey J L Drake Owens Donalson C M Davis J D Deane W D Dargan Milton Ethridge E U Evans G W Ellis R C Flowers J M Few T V Martin C D Mullins A W Moody C D McCandless Haines McGaughey A D New J W Northen E A Patterson Reynolds Fuld J Flood S F Fisher J M Fetherston W S Fenchel S Fox H Freeman C L Gilliam L P Goode G L Griffin W B Griffin W H Glynn P B Gurwin R J Harris Co Harrison C H Hutchins W G Herndon M S Hanson G B Hagan F W Haskell W W Hogan Mrs M E Hatcher C C Hatcher Ins Co C C Hall D H Hudgins B B Hillyer L L Hirsch E H Hunter J C Savitz J M Simmons E L Schwarnan J F Stoman J N Shelhafer A E Terrell W A Thornton John R Tupper S Y Haas Co Holland W W Howell A G Hoyt Co W R Hellar W C A Haas Mclntyre Ivey J P Joyner W R COMPTROLLERGENERALS REPORT XIX Jennings J R Jackson M M Jackson N F Johnson N J Joyner Son W R Johnson L M Jester R C Jones Jno N Jory H O Johnson B T Jones D H Johnson J M Johnson L C Kinimer C M Kirkpatrick J T Jr Kriste Sidney King C H Kean W H Lipscomb Co Lanier G N Lemond W H Limmber K L Manning W E Moody J T Morris M C Marsh F B Masters J M Matthews Hill Manning W E McCollough J E Proctor R L Parker Mrs W L Parker J H Palmour Oscar Poindexter R P Pierce Maddox Pierce Pickett R O Richie Jno F Reed Milton Riley Co G L Robinson Hugh Roche R Robinson A B Reid Milton Rheet W H Ryan G W Rasher H F Ramsey M F Reynolds D W Savitz J M Smith S G Stoney Co C L Shreve I C Stokes W C Stough C P Stein I A Smith R L Stewart A B Tilley M E Thompson V C Trammell J R Thurmond J S Terrell C W Upshaw W F Veal T E Vogt S E Whitner Co John C Whitehead L O Waldo A L Co Wolfe N F Williams S C Wilhelm J E Webb P A Wadsworth W W Wood J C Watkins W W Wilcox G L West J G Wood E R Wellslarger O M Williams R H Wilder A Wallace T B Wells H G Wight Co E L Whitner Manary Co Zachry W H BACONTON MITCHELL COUNTY Bacon R J BAINBRIDGE DECATUR COUNTY Baggs Deal Crimm O H Perry E J Blount Roy Cook E L Elder Edward Harrell Jones Graham F R Thornton A E Wimberly E A McLendon J T BARNESVILLE PIKE COUNTY Humphrey C H Murphey Son E S McCrary J A Thurmond J P Murphy T S Nolan Geo E BARTOW JEFFERSON COUNTY Franks A W Smith H E Smith T Y Whigham Geo PXX COMPTROLLERGENERALS REPORT Newton H C Baxter N L Darling E L Clark H H James D W Jones F S BAYLEY APPLING COUNTY Parker C H Jackson E F BLACKSHEAR PIERCE COUNTY Brantley Pomeroy Darling E L Strickland A J BLAKELY EARLY COUNTY n McDonald W O rarr M L Ray W D Vinson J W BLUE RIDGE FANNIN COUNTY McKinney Co T S Payne J B BOMAN ELBERT COUNTY Teasley E C Teasley O L BOWERSVILLE HART COUNTY Verner S A BOYKIN MILLER COUNTY Nowell T C BISHOP OCONEE COUNTY Poulain H C Frambrough S D BOUSVILLE McDUFFIE COUNTY j Walker S A BROOKLET BULLOCH COUNTY Lewis Paul B Brantley W Z Brooks Wilson Campbell J C BOSTON THOMAS COUNTY Brantley Felton Stunaland M M Jones Home BROXTON COFFEE COUNTY Reynolds C F Shepherd C O BUCHANAN HARALSON COUNTY McColman H S BUFORD GWINNETT COUNTY Hardman L A Pattillo L P Shadburn W B Drane W E Stokes Low Brown M L Abrams J B Butts E C Boyd Co COMPTROLLERGENERALS REPORT BUENA VISTA MARION COUNTY Stokes R H Hogg Wooten BUTLER TAYLOR COUNTY Peagler H J BREMEN HARALSON COUNTY Mangham J J BRUNSWICK GLYNN COUNTY Cornelius J K Gale H W Gale H W Jackson R G Fleming P W Wright J S BROWNWOOD TERRELL COUNTY Price C H BUCHHEAD MORGAN COUNTY House C C BRYAN HOUSTON COUNTY XXI David Byrd Garlington E CALHOUN GORDON COUNTY Gordon J B Hopper T A CAMILLA MITCHELL COUNTY Acree T A Boggs G B Greene J L CANTON CHEROKEE COUNTY Perry B F Perry B F CANON FRANKLIN COUNTY Bond J C CARLTON MADISON COUNTY Barnes D T Broach Bros Smith Stephens CARNESVILLE FRANKLIN COUNTY Lenhardt Carmi Landrum P D McConnell L J chaelXXII COMPTROLLERGENERALS REPORT Eberhart R T Field W H CARTERSVILLE BARTOW COUNTY Norris J T Strickland E Jr Nolan Geo E CAIRO THOMAS COUNTY Funderburk J S Wight Brannon Oliver D F Davis Walter CARROLLTON CARROLL COUNTY Adamson J R Buldingfield A W Rambo S S Brodnax E B Hood Bass Snead A S Boykin S J Hodnett W C CAVE SPRING FLOYD COUNTY Pettis S W CEDARTOWN POLK COUNTY Harris W J Co Pitts R O Ottley Birbeek Knight F B Adamson J W Benton E C Barber J R Hogan J H 1906 and 1907 CHIPLEY HARRIS COUNTY Wisdom Tom CLAYTON TATTNALL COUNTY Duckett Co T A Edwards Stubbs Tippins R P Glisson Co S E COLLINS TATTNALL COUNTY Broughton Mrs M P Langfuel E COCHRAN PULASKI COUNTY Peacock Z V Walker J A Wynn W M CONYERS ROCKDALE COUNTY Gailey Bros OKelley T D AlmandW V Eakes W J Hicks J H McMillan Robt CLARKESVILLE HABERSHAM COUNTY Moore Bros Sutton I HCOMPTROLLERGENERALS REPORT XXIII COLUMBUS MUSCOGEE COUNTY Adams J C Bryant W E S Blackmar A O Blankenship E L Blackmon J W Biggers L J Bird W J Cohen J W Chappel L H Carter J G Clark G C Cates J W Coart J C Dixon C E Davis J F Darby J T Dimon L S Davis S J Bivins J W Campbell H W Cawley D L Campbell H W Enlowe J N Emrich William Edge C J Harris Pope Harris Co B H Hunter H H Huff Co J B Hill J B Jacobs W T Langdon P C Lott W L Latham S Z Medley C R Medley C R McKenzie W W Martin C A Morgan J F Morton M Moon Clapp Newman Flournoy Pecot Geo S Price W F Palmour G C Smawe W H Stone M J Slade Swift Tyson J M Woodruff J W Wilcox Co D F Weekly E G Williams C W Williams Geo R Wordsworth W W Wright A R Woolfolk C M Willcox Co D F CORDELE CRISP COUNTY Cawley D L Cawley D L Cobb Bros Harris Ballinger Hughes J P Hoffman J B Kilgore Middle brooks CORNELIA HABERSHAM COUNTY Irwin Co COVINGTON NEWTON COUNTY Corley J J Guyson R C Henson H T Lester Lester Lee R McGath Simons A B CRAWFORD OGLETHORPE COUNTY Bray J L Epps O N Rowland J N COLQUITT MILLER COUNTY Roberts B B CRAWFORDVILLE TALIAFERRO COUNTY Beazley J A McCord L P Griffith Rhodes Stone C HXXIV COMPTROLLERGENERALS REPORT CUTHBERT RANDOLPH COUNTY Perry T J Standford Hansell McDonald Geo Grantham J L McPherson Co COMMERCE JACKSON COUNTY Carson J M Sr Love T C Goodwin Chas A CULLODEN MONROE COUNTY Holmes R H Winn E S COMER MADISON COUNTY Brakefield Brown Whitehead G W CUMMING FORSYTH COUNTY Allen S H DALTON WHITFIELD COUNTY Harper O T Thomas J D Lupo A M Pruden Son W H Cooper T S Griffin T R DALLAS PAULDING COUNTY Clarke P F Leonard R D DAHLONEGA LUMPKIN COUNTY Gurley H D DARIEN McINTOSH COUNTY Kennan Spalding Long H T Smith J C DAVISBORO WASHINGTON COUNTY Aldred Aldred Davisboro Insurance Hollis H S Agency DAWSON TERRELL COUNTY Baldwin Harper Hill S C Gurr W H Saville R L Parks Bell Worthy K S Worthy K S DEWEY ROSE ELBERT COUNTY Dewey J W COMPTROLLERGENERALS REPORT DEXTER LAURENS COUNTY King H I DECATUR DeKALB COUNTY n w Pattillo E M Price Geo W DEMOREST HABERSHAM COUNTY Pitts F M DOERUN COLQUITT COUNTY Aver W G Landon C D Strange C R Dowling Morrow Smith W N XXV Benton Otho Griffin JDuVal Stevens W V DONALSON DECATUR COUNTY Benton Otho DOUGLAS COFFEE COUNTY Tanner Tanner Ingalls J O Townsend J L DOUGLASVILLE DOUGLAS COUNTY Duncan J R Watson W P DULUTH GWINNETT COUNTY Wilson D W DUBLIN LAURENS COUNTY Blackshear E J New E L Lord S J Blackshear E J Roberson F H Wa ton P Green A N Roberson F H Wolf A M Nobles D P Russell B S EASTMAN DODGE COUNTY Cobb Co W P McDowell G J Pharr Co L Calhoun Son B R Millnef J H Murrell C B Dexter M G Ellis J R Blunt Geo S Allen J C Adams Co Adams G W Brown Geo Y Murrill C B Newman Neese Rankin G A EAST POINT FULTON COUNTY Thompson R F EATONTON PUTNAM COUNTY Dennis Co M B Holt B J Little Insurance Agen Leonard H L cy W C Adams Geo Wxxvi COMPTROLLERGENERALS REPORT EDISON CALHOUN COUNTY Hammock H ELLAVILLE SCHLEY COUNTY Stewart L G ELBERTON ELBERT COUNTY Auld W N Hav 7 r ELKO HOUSTON COUNTY Means W E ELLIJAY GILMER COUNTY Holden B S EMMADEL Warren M A FAIRBURN CAMPBELL COUNTY McCurry H AlVCliirp T vr uciure J H Roberts W T FAYETTEVILLE FAYETTE COUNTY SSD RCHaD Thornton S Griffin I M Harris J H Mosher Co B C FITZGERALD BEN HILL COUNTY Paulk Whitney Turner J E Ketchum R P Seann Co J B Ricker Wise OQuinn J H FOLKSTON CHARLTON COUNTY FLEMINGTON LIBERTY COUNTY Martin C J FLOWERY BRANCH HALL COUNTY Millikan C B FLOVILLA BUTTS COUNTY AlIen R L n T m Gibson J TCOMPTROLLERGENERALS REPORT XXVII FORSYTH MONROE COUNTY Amos Co C H Middlebrooks P G Wilder H F FORT GAINES CLAY COUNTY Best R W Peterson R E Heard Co McAllister R C Lewis E E McLendon King Castello FORT VALLEY HOUSTON COUNTY Emett J A Ft Valley Realty Co Skellie A D Skellie P H GAINESVILLE HALL COUNTY Ham W C Martin T J Myerson A Palmour B T Sawyer D L Ham W C Sanders Smith McKinney W E Kimbrough E E Welchel B H Sawyer D L GLENWOOD TATTNALL COUNTY Baugham B H Ftrel W J GRAY JONES COUNTY Green M L Ford J W Brown Comer GRAYSON GWINNETT COUNTY Ford J W Shiver IM GARFIELD EMANUEL COUNTY Walsh R J GEORGETOWN GWINNETT COUNTY Ellis J R Brannon R F Banks N O GOUGH BURKE COUNTY Robinson Thos E GRANTVILLE COWETA COUNTY Sewell Colley Tilley A A GREENSBORO GREENE COUNTY Copeland E A Merritt P F Ray H A Foster Miss Julia M McWorter CoD D Reid F C Jackson W R Jr Mitchell H F Weaver Reidxxvni COMPTROLLERGENERALS REPORT GREENVILLE MERIWETHER COUNTY Pinkston W L Pirkle P M Phillips D O Hardaway W J Hill H W Jr GRAYMONT EMANUEL COUNTY Durden Fair GRIFFIN SPALDING COUNTY Beck W H Flynt D M Drake Co R H Golden M E Drake R H refund Gray Y S ed Hipp O D Durden A L Hipp O D Murry A S Nelson J L Nichols J P Rhea J G Smith J H Lowe M C Moore J L Aiken Jno S GROVETOWN COLUMBIA COUNTY Phinizy Co F GUYTON EFFINGHAM COUNTY Roberts W O HAMPTON HENRY COUNTY Norris J O Sears F C HAMILTON HARRIS COUNTY Iverson R C HARLEM COLUMBIA COUNTY Dooly Wm HARTWELL HART COUNTY Alfred Thornton Hodges Co Stephens J R Blackmon A B Matthewson Thorn Kidd Meredith Craft J G ton HAZLEHURST APPLING COUNTY Moore H G HAGAN TATTNALL COUNTY Godbee L D HAWKINSVILLE PULASKI COUNTY Askew J F Anthony Jesse Bell W B Kozcman F H Caldwell J H Dillard W T Ragan T B Kendrick M A Whitfield J JCOMPTROLLERGENERALS REPORT XXIX Hines R C Coleman E W HAINESVILLE LIBERTY COUNTY Frazier D HADDOCK JONES COUNTY Turner T R HILLSBORO JASPER COUNTY Garland J T HELENA TELFAIR COUNTY McCrory J B HOMERVILLE CLINCH COUNTY Townsend S C HOSCHTON JACKSON COUNTY Wilson B F HOGANSVILLE TROUP COUNTY Mobley H H Sewell M B HIRAM PAULDING COUNTY Tappan M H IRON CITY DECATUR COUNTY Lee W S JACKSON BUTTS COUNTY Carmichael Geo C Eckeridge Co FS Knard S B Collier B A Mallette Nutt Wood J W Bailey B P Davis S A Aikenson T P Clary Jos H Conyers W JEFFERSON JACKSON COUNTY Brison Appleby Mobley H F JERSEY WALTON COUNTY McGarity J L JESUP WAYNE COUNTY Highsmith J S Littlefield O F Price D S JEWELLS HANCOCK COUNTY Bowen Jewelry CoXXX COMPTROLLERGENERALS REPORT JONESBORO CLAYTON COUNTY Blalock A C Hamrick Eva Mundy Co J W LaFAYETTE WALKER COUNTY Park M A Shattuck J R LaGRANGE TROUP COUNTY Glanton H D Smith A M Ferrell F C Greer A Hutchinson P H Jones E A Longley F P Strange J B Wisdom W W Seay Harwell Willis R J Sr General Insurance Seay Harwell Agency LAVONIA FRANKLIN COUNTY Allison T F Dortch J R Poole R T Sewell H T Ray C P Vandion S E LAWRENCEVILLE GWINNETT COUNTY Brand L M Flanigan J C Jacobs J M Brown F G Hall D D LEESBURG LEE COUNTY Powell S J LEXINGTON OGLETHORPE COUNTY Barron G A Pitts D H LITHONIA DeKALB COUNTY Coffey A B Phillips D T Pendley C L LOCUST GROVE WALTON COUNTY Brown Co J W LOAN OAK MERIWETHER COUNTY Culpepper H L LOGANSVILLE WALTON COUNTY Hodges J B Kilgore C M Shellnut E F LOUISVILLE JEFFERSON COUNTY Abbott W Neal J T Jr Rowe W G S Farmer L R Phillips Phillips LULA HALL COUNTY Whitworth E FArd S M Burtz J D COMPTROLLERGENERALS REPORT LUMPKIN STEWART COUNTY Hickey E T Richardson J B Mardre W L XXXI LUTHERVILLE MERIWETHER COUNTY Justice Jno E Lasseter Mall LEARY CALHOUN COUNTY Ball A V LYERLY CHATTOOGA COUNTY Doster J W LYONS TATTNALL COUNTY China W T Minter W R MACON BIBB COUNTY Anderson L Andrews R I Adams H H Allen R J Burnside J W Barnes J O Bishop B F Babb J F Brodnax F B Babb C Copeland L L Cobb Mallory Cone Clarke A Camp S A Cone Jno F dimming A M Coates F B Clement K B Cooper S C Chisney A C Concke W H Cabaniss Willingham Dunwoody J Donaly W A Findley R E Gamble C J Gamble C J Glander A Griffith Son W D Head W B Hatcher Geo E Hurtz Co Home H Harris Morris Hatcher G E Holland E H Home E Hoge S C Hunt J R Jessup J Jordan R G Jewell Geo B Jordan R G Kilpatrick W C Liggett A M Lawton F D Mercer J F Minton Christian Madden J M McDowell G J Murphy Taylor Mills J B McClure C D Murphy Son T E Norris W M Nobles D P Paul J L Perkins J O Rossman W H Roy B H Seals T A Stacy B E Sorrell W J Seay B H Soloman W W Smith C N Soloman W G Jr Tinsley A R Turner J L Turpin Sons Geo B Traywick J W Wright W O West F B Wise Co B A Yates P PXXXII COMPTROLLERGENERALS REPORT MADISON MORGAN COUNTY Butler E W Baldwin T Foster Foster Furlow C M Godfrey J E Jacks D B Furlow C M Lewis Chas A Shaw H T Saunders A Middlebrooks P Lewis Chas A Thomson Furlow Thomason R U Thomason Douglas Whitford Q S MANSFIELD NEWTON COUNTY McGarity Jos S Ford B N Purkes L H Henderson J W Atkins T E Ellison C B MAXEYS OGLETHORPE COUNTY Brightwell G R MAYSVILLE JACKSON COUNTY McCurdy C W Smith J W Anderson J T Coryell H G MARIETTA COBB COUNTY Daniel J J Groves Jas H Green E R Sessions Geo H Murph Austin Sperry C A MARSHALVILLE MACON COUNTY Rice W H Taylor H W McDONOUGH HENRY COUNTY Baum A F Davis J D Dixon J B Lowe M C McRae Co M L Cook Yates Lowe M C Carthy G N Neil Copeland Stewart A M Thrasher G L Turner H G Weems J T Weems J T McRAE TELFAIR COUNTY Callahan Prince Ryalls E C MILLEDGEVILLE BALDWIN COUNTY Alford R S Conn O M Andrews C H Son Cook Thos F Bell M S Carrington C B Bland M H C S Hall L C Hall Frank A McCraw M A COMPTROLLERGENERALS REPORT MILLEN JENKINS COUNTY Anderson A S Berrien R N Sandifer M N Citizens Fire Insurance Parker DeLoach Agency METTA BULLOCH COUNTY Kirkland J G Sewell A H MIDVILLE BURKE COUNTY Drew W D Drew J D MILWOOD WARE COUNTY Bagley W F MILAN TELFATR COUNTY Chambers R C MILLTOWN BERRIEN COUNTY Bargeson N W MOLENA PIKE COUNTY Dunn E J Travis L T Jordan W M MOUNT VERNON MONTGOMERY COUNTY Peterson W A MOUNT ZION CARROLL COUNTY Connell E L MONROE WALTON COUNTY XXXIII Aycock J C Brodnax J C Galloway T J Lewis Geo A Mobley A B Newell Co F F Walker Cliff MONTICELLO JASPER COUNTY Benton T O Harvey Kelly Bur McDowell W R Ezell C T ney Gilmore Joe Hill H C Wellington C E Wellington C E Drewry W N Dickerson T Dickerson T Hill Yancey MONTEZUMA MACON COUNTY Felton O C Turner Claude Gallaher Grocery Co McKenzie Sons Lewis Jno F Son J Ww XXXIV COMPTROLLERGENERALS REPORT MOULTRIE COLQUITT COUNTY Baxton A B Edwards L Parker T H Bivins T J Howell J E Clark Monk Ansley Maddox T W Truluck L R Duren G L MORGAN CALHOUN COUNTY Elder D I MEIGS THOMAS COUNTY Wilkes W C NASHVILLE BERRIEX COUNTY Lovette Mitchell Powell J W E Peeples Sons R A NEWTON BAKER COUNTY Baggs W C C Baggs C C NEWNAN COWETA COUNTY Atkinson Mrs W Y Hill L C Kinard W C Bryant F M Herring J R Walton E L Cole J A Mann L B Wilkinson T J Fisher Son H C NEWBORN NEWTON COUNTY Duke L P Porter J C F R NORWOOD WARREN COUNTY Norman Neal Neal R R NORMAN PARK COLQUITT COUNTY Edwards Louis NORCROSS GWINNETT COUNTY Chamblee J T McDaniel C A NELSON PICKENS COUNTY Atherton G M Thomison L A OGLETHORPE MACON COUNTY Shealy M L Nelson Joe W Perry A H Nelson J P OLIVER SCREVEN COUNTY Marsh H Wyatt A H COMPTROLLERGENERALS REPORT XXXV Bryson R M Henderson D J OCILLA IRWIN COUNTY Henderson Real Estate Martin C H Company Walker J J Drake W N Everett S T OCHLOCHNEE THOMAS COUNTY T i u Johnson W Johnson Wm PALMETTO CAMPBELL COUNTY Smth F R Steed R H PEMBROKE BRYAN COUNTY Harvey M W PENFIELD GREENE COUNTY Colclough J H PENDERGRASS JACKSON COUNTY Rutherford J O PELHAM MITCHELL COUNTY Minton J M Twitty W C Pelham Ins Agency POULAN WORTH COUNTY Morgan Co PJTTS WILCOX COUNTY Anthony J R POWDER SPRINGS COBB COUNTY McLendon J H PINEHURST DOOLY COUNTY Wilson Co A M PLAINS SUMTER COUNTY Thomas W L PERRY HOUSTON COUNTY Cooper C F Martin J D Jr Townsley L S Cater L tXXXVI COMPTROLLERGENERALS REPORT Brannan J M Bautn M Bane W H Brooks J B PAVO THOMAS COUNTY Ford Roberts QUITMAN BROOKS COUNTY Brooks J B Geiger S D Groover Co Jelks O K Tidwell N T Young H L RE1DVILLE TATTNALL COUNTY Rodgers W M Williams J O Williams Jno REYNOLDS TAYLOR COUNTY Hinton R A RICHLAND STEWART COUNTY Layfield J C Dixon R T R J French Humber Coffin S K ROBERTA CRAWFORD COUNTY DentJ L Matthews S J RINGGOLD CATOOSA COUNTY Martin A F Jr Osborne J C ROSWELL COBB COUNTY Stribling S G ROCHELLE WILCOX COUNTY Rodgers J H ROCKYFORD SCREVEN COUNTY Parker Burke ROCKINGHAM APPLING COUNTY Johnson E D ROCKMART POLK COUNTY Harris W A Knight F B Sasser H B King Jno T Beasley R R Buell Stark ROSSVILLE WALKER COUNTY Head Co Groover Grady Moyses Sol Johnson W H Faxon R S McGhee Hoskins Ferger Bro J T Bond B L Lee J F COMPTROLLERGENERALS REPORT xxxvii ROYSTON FRANKLIN COUNTY McConnell L J McConnell O J ROME FLOYD COUNTY Cothran Co Carpenter C Dodd M E Govan M E Griffin F W Goetchius Capertown Graves R W Co Smith N N Harvey E P King Co C W Freeman D N Wallace J L Ledbetter W T Wallace J L Smith N N Yancey Son H RUTLEDGE MORGAN COUNTY Farrell C D Stovall P R Wallace W P SAVANNAH CHATHAM COUNTY Abel M T Andrews J B Arline T J Alexander W M Altland P A Brady W R Beasley E L Barau G S Brooks J F Burroughs S C Birnbaum D G Brinkley J S Blake A J Berry O B Chitty J G Carswell Pendergast Coney Co W A Davis Moses Dearing W D Doyle L T Davant R J Daniel H C DeLettre G O Edwardy F W Fulk D B Furlong W F Foster H T Fletcher Ed Fain A L Garfunkle A J Grizzard G S Gillespie N J Garfunkle C Gandry H E Greene J P Grady E J Gordon Co W W Hull R H Hopkins W T Harmand A C Haines B D Herman E M Hughes W Q Harrison WG RC Haines Geo S Hancock C N Haum Geo W Hunt H G Inglesby Chas Jones J M Kolshoen Fred Kennedy J W Lee R E Long O D Moore Chas E Monroe R C Masters J E Mendel Co C OConner Pooser D S Purse T S Reaves W A Rogers S H Rowland Rowland Roney C B Schulhafer Ins Agency Schley Julian Saffold T P Jr Shulhafer Adolph Saffold T P Stark C M Seiler Harty Stoddard E S Schuls W Train Mukle Taylor W S Tyson W S Wilson Co W L Wilson W L Wiley W J Warrick R J Welkowski G Young L GXXVIII COMPTROLLERGENERALS REPORT SANDERSVILLE WASHINGTON COUNTY Sandersville Insurance Sparks T H Irwin Jeff A Agency Johnson J E Mayo G W Cooley C B Robison S B Johnson J E Holt Brown Sandersville Insurance Worthen Geo W Johnson J E Agency Wood Sparks W SENOIA COWETA COUNTY Arnoll Hutchinson Hand Vindex McKnight J H Estes W J MlCCrory Redwine SHARON TELFAIR COUNTY Kendrick Wright SILVANIA GREENE COUNTY Mitchell H P Bryan Will Arthur T R Brim S A SHELLMAN RANDOLPH COUNTY Crittenden H O Sears P C SUWANEE GWINNETT COUNTY Brogden J B SMITHVILLE LEE COUNTY McLain J C SASSER TERRELL COUNTY Hill B H SOCIAL CIRCLE WALTON COUNTY Newton J L Mobley M L Smith B G SAINT MARYS CAMDEN COUNTY Williams E J SPARKS BERRTEN COUNTY Hall H J SPRING PLACE MURRAY COUNTY Wright Thos A SPARTA HANCOCK COUNTY Burnett J D Dugan M L Bennett Julian Pattillo L H Walker John D Walker John D COMPTROLLERGENERALS REPORT xxxix SEVILLE WILCOX COUNTY Hardy J H STATESBORO BULLOCH COUNTY Lee James B Matthews J L STOCKBRIDGE HENRY COUNTY Fortson L G STILESBORO BARTOW COUNTY Bland G Groover S C Matthews J L Brannen J E Holland Braswell Kirklighter C W Grimes F N Lorries Brannon Womack R H STILLMORE EMANUEL COUNTY Johnston W W Heats A G SPREAD JEFFERSON COUNTY Neal J T Jr SUMMERVILLE CHATTOOGA COUNTY Bitting N K Harper J G Ledbetter W L Harper J G Jolley J F SWAINSBORO EMANUEL COUNTY Fletcher J C Williams S G Wilson P W Proctor W H SYLVANIA SCREVEN COUNTY Hobby Will Lovett A B Marsh O H SYLVESTER WORTH COUNTY Dees Lee Hilton L H Polhill Foy Hay C E Leasley M A Pinson Holmes Howard H L Tipton J H STATHAM JACKSON COUNTY Fite W M Rylee H M Rylee E S SASSER WAYNE COUNTY TALLAPOOSA HARALSON COUNTY Howe Co A V Howe Co A V Rambo S S XL Smith L W COMPTROLLERGENERALS REPORT TALBOTTON TALBOT COUNTY Smith L W TOOMBSBORO WILKINSON COUNTY Daniel G C Hunnicutt W E THOMASVILLE THOMAS COUNTY Awtry P S Mallett E M Robinson A G Mallett E M Bennett Adolph Tumlin J C Culpepper J T Neil Bros Hansell Merrill Mallett E M Parker Son Jno F Montgomery J S Reese W M THOMASTON UPSON COUNTY Atwater J R Baldwin Jno S Allen Jno T Chatfield R E Davis Griffin Johnston W S Pasley C L C M Matthews Thos M THOMSON McDUFFIE COUNTY Bowden Shields Curtis Morris Hardaway W W Hunt C F McLain A L Stainback D C TEMPLE CARROLL COUNTY Candler W B Cobb W M TENNILLE WASHINGTON COUNTY Marsh Co Lord Iverson Tyler J G Fricks A L Womack B S Morrow Pate Pierce J H TOCCOA HABERSHAM COUNTY Mize C L Fricks A L TIFTON BERRIEN COUNTY Tifton Loan InsurParker H E ance Co Taylor C H TURIN COWETA COUNTY Moses Starr Starr J M UNION POINT GREENE COUNTY Daniel Bryan UNADILLA WORTH COUNTY Bridges Jack Hamrick J H Kemp S S Blankenship A W Mullins Chas COMPTROLLERGENERALS REPORT VILLA RICA CARROLL COUNTY Candler Son W BHenderson T V Pope Henry VIDALIA TOOMBS COUNTY Peeples Sons R A Schumpert J E U Bush J L VIENNA DOOLY COUNTY Jordan Co A E Rushin M E VALDOSTA LOWNDES COUNTY Blalock J T Goodwin W A Passmore A F Candish W D Jr Blitch Richardson Taylor G Culpepper Jones Peeples W G Peeples W G Coley Small Smith W A WARRENTON WARREN COUNTY Battle J H Pierce G P WASHINGTON WILKES COUNTY Barksdale R O Fitzpatrick J M Nelson J T Barksdale T J Lowe R E Quinn H R Son Dyson J R Nelson J F Turner J R Ficklen B WARTHEN WASHINGTON COUNTY Askew W S WADLEY JEFFERSON COUNTY Cochran Bethea Outlaw J M Reeves F M WATKINSVILLE OCONEE COUNTY Abercrombie H WAYCROSS WARE COUNTY Bowen G H Lott Peabody Sharp W W Dean Burnett Newsome N J Sharpe W W Jr Harris E T Purcell J C Stanton V L Harvard W C Son Purcell J C Strickland J WAYNESBORO BURKE COUNTY Blount Rowland Fulcher W M Templeton R A Co Cohen L Fulcher W M Co dXLII COMPTROLLERGENERALS REPORT Baker W S Jacobs J Jacobs J A Mills T J WEST POINT TROUP COUNTY Jackson N O Lanier P Jennings R W Nichols W H WHIGHAM GRADY COUNTY Parker V S WINDERJACKSON COUNTY Bondurant F W Kilgpre G H Patterson R S Gregory Graham Radford L S Quartermann Toole House L A Matthews W B Snider L C Kilgore Radford WOODBURY MERIWETHER COUNTY Baker B T Powers Williams Reid C S WOODSTOCK CHEROKEE COUNTY Lattimer T E Miller I H Averett E T WRENS JEFFERSON COUNTY Stone J A WINTERVILLE OGLETHORPE COUNTY 4 Pittard H F WRIGHTSVILLE JACKSON COUNTY Carter J V Mason J M Kent R L Tompkins Johnson YATESVILLE UPSON COUNTY McNiece E Hale Anderson Guyer C R Adams C M Brown M B Bardwell R N R Bartow H T Bagley Willet Bishop Morefield Coggins J J ZERULON PIKE COUNTY McLendon J E Mobley A STATE AGENTS Cofield Craig Daniel T TT Cabaniss H A Dodd Fair Cameron Co J SDouglas Paton Coy Meadow Finner H S Cunningham Co W Gentry O A W Harty Apple Dreman W A Hope Co Geo WCOMPTROLLERGENERALS REPORT XLIII Hatch McGaughey Hawkins W E Hatch McGaughey Haas SonHowellA Heimbaugh G W Lambkin Torrens Lester E C Kimball W R Moody C D McAfee H M Mills Geo W McCord M J McQueen N Middleton J McGheehee Jr Northen Chas S Newell Bros A C Nutting Co J R Oberdorfer Eugene Phillips C W Price E C Pickett Jno D Paschall E E Papham J W Rhodes P A Rinker Walter A Riley Co J L 4000 Reynolds G B Sill R A Steiner Burr Stewart Jno A Stewart Davis Skinner J M Thomason A R White W Woods Wolford Geo L Woodruff F L Young M B One State Agent American Bank One Local Agent American Bank16 COMPTROLLERGENERALS REPORT ADIRONDACK FIRE INSURANCE COMPANY OF NEW YORK G A Mitchell President R H McKelvey Secretary H P Marsh Atlanta Attorney for Service in Georgia lCAP1TAI I Whole amount of capital stock 2 Amount paid up in cash 200000 00 IIASSETS 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 7009 17 13 Cash belonging to the company deposit ed in bank 36416 07 Total cash items IS Interest due and accrued on bonds not included in mission market value uncollected 17 Cash in hands of agents and in course of trans All other assets both real and personal r Total assets of company actual cash market value 200000 00 304000 00 43425 24 71984 98 1812 53 71984 98 375984 98 IIIUABIUTIKS 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 462628 5 Deduct reinsurance thereon 1540 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 12923014 unearned premiums fifty per cent 64615 07 8 Gross premiums without any deductions re ceived and receivable upon all unexpired fire risks running more than one year from date of policy unearned premiums pro rata 524 47 11 Total unearned premiums as computed above car ried out 4610 88 65139 54 COMPTROLLERGENERALS REPORT 17 20 Total amount of liabilities except capital stock and net surplus 21 Joint stock capital 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 Bisks 4 Gross premiums on risks written and renewed during the year 168367 14 6 Deduct premiums and bills in course of collection at this date 26747 21 7 Entire premiums collected during the year 8 Deduct reinsurance and return pre miums 141619 93 44197 11 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 12 Income received from all sources omitting increase if any in value of securities viz discounts on losses paid 69750 42 200000 00 106234 56 375984 98 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR Fire RisVs 1 Gross amount actually paid for losses 20687 19 2 Deduct all amounts actually received for reinsurance in other companies 192946 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 Organiza tion expenses Aggregate amount of actual expenditures during the year in cash 97422 82 6020 06 99 60 103541 94 i8757 73 7264 17 25619 34 1188 27 679 65 53509 16 2 in18 COMPTROLLERGENERALS REPORT ETNA INSURANCE COMPANY OF CONNECTICUT William B Clark President William H King Secretary Home Office Hartford Conn James S Middleton Atlanta Attorney for Service in Georgia ICAPITAL STOCK in i Amount of capital paid up casn 4000000 oo 2 Amount of ledger assets as per balance December 31 of previous year 13720692 82 4 Extended at 13720692 82 IIINCOME As shown by the books at home office at close of business December 3i 1906 Fire Marine and Inland 5 Gross premiums 8727137 4 581978 58 6 Deduct reinsurance rebate abatement and return pre mums 2309212 80 183142 84 7 Total premiums other than perpetuals K Deposit premiums written on perpetual risks gross 667 2 9 Interest on mortgage loans 636 00 11 Interest on bonds and dividends on stocks 550741 33 12 Interest on deposits 19789 52 15 Total interest and rents 16 Profit on sale or maturity of ledger assets Alabama State bonds 50000 Atchison Topeka Santa Fe R R Co 4 per cent bonds 75000 Nassau Bank stock New York 1020900 23 From all other sources viz Profit and loss items Pictures sold 2000 conscience fund 127500 sundry old bal ances collected viz 1175 16960 7100 216 1920 2500 32 Money borrowed 57LI66 83 11459 00 1593 7i 1850000 00 36 Total income 9257657 19 IIIDISBURSEMENTS Fire Marine and Inland 1 Gross amount paid for losses including 37443334 occur ring in previous years 6816766 43 335378 50COMPTROLLERGENERALS REPORT 19 2 Deduct amount received for salvage 4477742 and for reinsurance in other compa nies 120634220 1154923 84 96195 78 5661842 59 239182 72 3 Net amount paid for losses 4 Deposit premiums returned 5 Paid stockholders for interest or dividends amount declared during the year including stockholders tax 8 Commissions or brokerage 9 Salaries fees and all other charges Officers directors trus tees 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 Albany Susq R R 1st consol 6 per cent bonds 793750 and 1st con 7 per cent 1312500 Atlantic Danville R R 4 per cent bonds 6250 Chicago Eastern Illinois R R 6 per cent bonds 162500 Jeffersonville Madison In dianapolis R R S F bonds 150000 Lake Shore Mich So R R 4 per cent bonds 112500 and zY2 per cent bonds 869125 Georgia State bonds 190860 Roanoke Va city 6 per cent bonds 150000 Terminal R R of St Louis 1st consol 5 per cent bonds 25000 total 21 All other disbursements Advertising printing and station ery 5825265 legal expenses 8066531 furniture and fixtures 59085 traveling expenses of special agents 9087479 miscellaneous expenses 30575472 total Profit and loss items viz Premium on liability policy 6400 equipment printing department 294370 sundry uncollectible balances viz 37io8 1660 24714 6565 I total 34 Paid on account borrowed money 5901025 31 2558 75 772000 00 1163634 15 411485 97 3160 79 2580 00 151460 74 27 38 Total disbursements y IVledgek assets 1 Book value of real estate unincumbered 2 Mortgage loans on realestate first liens 4 Book value of bonds excluding interest 783232689 stocks 3677o6 total 5 Cash in companys office 145056 deposited in bank 775 25024 total 6 Agents balances representing business written subsequent to October I 1906 7 Agents balances representing business written prior to Oc tober 1 1906 37724 85 463539 54 3708 17 1000000 00 9912878 27 14 Total net ledger assets 588207 93 12600 00 11509562 95 776700 80 159903 01 18497 05 13065471 7420 COMPTROLLERGENERALS REPORT NONLEDGER ASSETS 15 Interest accrued on mortgages 18 Interest accrued on other assets 196 00 412 15 20 Total 608 15 22 Market value of bonds and stocks over book value 2174854 08 23 Other nonledger assets viz Gross premiums in course of transmission December 31 816614 65 26 Gross assets 16057548 62 DEDUCT ASSETS NOT ADMITTED 30 Agents balances representing business writ ten prior to October 1 1906 18497 05 33 Depreciation from book value of ledger assets to bring same to market value viz Real estate 88207 93 36 Total 106704 37 Total admitted assets 15950843 64 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of adjust ment or in suspense including all reported and supposed losses 3 Gross claims for losses resisted 4 Total 5 5 Deduct reinsurance due or accrued 105180 70 671075 86 5895 15 782151 71 219412 70 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of pol icy including interest premiums on perpet ual fire risks 414485396 unearned pre miums fifty per cent 2072426 98 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 617059163 unearned premiums pro rata 3417930 66 Gross premiums less reinsurance cash and bills received and receivable upon all un expired inland navigation risks 27847205 unearned premiums fifty per cent 139236 03 562739 01 9 12 Total unearned premiums as computed above 5629593 67 COMPTROLLERGENERALS REPORT 13 Amount reclaimable by the insured on perpetual fire insur ance policies being 95 Per cent of the premium or de posit received 17 Interest due or accrued remaining unpaid 20 Commissions brokerage and other charges due or to become due to agents and brokers 21 Return premiums 14800580 reinsurance premiums 112 75593 22 Due and to become due for borrowed money 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 4000000 00 28 Surplus over all liabilities 4466072 43 29 Surplus as regards policyholders 30 Total liabilities 21 89073 86 9225 00 83377 94 260761 73 850000 00 7484771 21 3466072 43 Business in the State of Georgia the year Marine and Inland Fire Inland Tornado Gross risks written 14863651 00 381394 00 1138272 00 Gross premiums re ceived 259612 80 3038 05 9785 72 Losses paid 135981 43 L93 15 Losses incurred I5788g 99 2260 15 Amount at risk 12535902 00 1598 6 00 0 00 Aggregate f16383317 00 272436 57 137880 58 160156 14 14134862 00 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN NEW YORK W H Stevens President J I Adams Secretary Principal Office 23 Washington Street Watertown N Y Cliff C Hatcher Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 5ooooo 00 2 Amount paid up in cash 500000 00 IIASSETS I Market value of real estate owned by the company less the amount of incumbrances thereon 70209 55 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 63802D 43 3 Interest due on all said bond and mortgage loans 335426 interest accrued thereon 1044945 total I383 7122 COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of build ings and perishable improvements 881113 00 5 Value of buildings mortgaged insured for 51064900 as collateral 381549 00 6 Total value of said mortgaged premises car ried inside 1262662 00 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other securi ties except mortgages 12 Cash in companys principaloffice 5816 91 13 Cash belonging to the company deposited in bank Jefferson County National National Bank Loan Co National Union and Watertown National of Watertown N Y Carthage National of Carthage N Y National Herkimer County of Little Falls N Y and Mercantile Trust Co of New York City 111011 88 15 16 17 Total cash items Interest due and accrued on bank balances and land con tracts Interest due and accrued on bonds not included in market value uncollected Interest due and accrued on collateral loans and uncollected 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 904696 50 454279 22 116828 79 3534 08 7112 91 9879 69 258839 28 44438 38 Total assets of the company actual cash market value 2521648 54 IIILIABILITIES 1 Losses due and unpaid 34618 41 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 102646 76 3 Losses resisted including interest costs and other expenses thereon 25719 00 4 Total gross amount of claims for losses 162984 17 5 Deduct reinsurance thereon 34696 50 6 Net amount of unpaid losses 128287 67 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 89134900 unearned pre miums fifty per cent 445674 50COMPTROLLERGENERALS REPORT 28 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 193939300 unearned pre miums pro rata 1043696 19 II Total unearned premiums as computed above carried out 1489370 69 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Unpaid reinsurance 26194 51 20 Total amount of all liabilities except capital stock and net surplus 1643852 87 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 500000 00 377795 67 24 Aggregate amount of all liabilities including capital paid up and net surplus 2521648 54 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 268775 J8 3 Net collected 268775 18 4 Gross premiums on risks written and renew ed during the year 2178566 72 5 Total 2447341 90 6 Deduct premiums and bills in course of col lection at this date 258839 28 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 2188502 62 694631 02 9 Net cash actually received for premiums carried out 1493871 60 10 Received for interest on bonds and mortgages 28700 02 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 84645 55 12 Income received from all other sources omitting increase if any in value of securities viz Rents 7995 Prnt on sale of assets 8233834 total 83137 84 15 Aggregate amount of income actually received during the year in cash 1690355 0124 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 12403360 losses occurring in pre vious years 1878478 16 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 685961 and all amounts actually received for reinsurance in other companies 39389239 total deductions 40075200 3 Net amount paid during the year for losses 1477726 16 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 328293 34 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 99029 12 8 Paid for State national and local taxes in this and other States 56059 79 9 All other payments and expenditures viz General and agency expenses stationery printing postage exchange and maps 110819 49 Aggregate amount of actual expenditures during the year in cash 2121927 90 Business in the State of Georgia during the year Fire risks written 1664800 00 Premiums received gross 25440 47 Losses paid 10269 46 Losses incurred 11340 39 ALLIANCE INSURANCE COMPANY OP PENNSYLVANIA Charles Platt President Henry W Farnum Secretary Home Office 232 Walnut Street Philadelphia Pa 1capital STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 1241945 51 4 Extended at 1241945 51COMPTROLLERGENERALS REPORT 25 IIINCOME 5 Gross premiums 6 Deduct reinsurance rebate abatement and return pre miums Fire 639862 S3 126287 89 Marine and Inland 108953 80 8165 80 513574 64 100788 00 7 Total premiums other than perpetual 8 Deposit premiums written on perpetual risks j 11 Interest on bonds and dividends on stocks I2 Interest on deposits 21874 72 4301 04 15 Total interest and rents 23 From all other sources Assessments and subscription re evedfromstockholders 73378608 perpetual permits transfer fees and earned deposit 15699 total 36 Total income 614362 64 3641 98 26175 76 733943 07 1378123 45 HIDISBURSEMENTS 1 Gross amount paid for losses 2 Deduct amount received for salvage 137174 and for reinsurance in other com panies 16267823 Fire 1374021 44 Marine and Inland 89885 24 144436 00 19613 97 3 Net amount paid for losses 1229585 44 7027i 27 a Deposit premiums returned t Pafd stockholders for interest or dividends amount de clared during the year 8 Commissions or brokerage o Salaries fees and all other charges of officers directors trustees clerks agents and other employees 10 Rents including companys occupancy of its own buildings 13 All other taxes licenses and insurance department fees 14 Loss on sale or maturity of ledger assets 25000 American telegraph and telephone 4 collateral trust 100000 75000 Lehigh Valley R R genl mfg consoL 4 65000 ioodbo Bait Ohio R R prior lien 3V2 gold coupon 21 Another3 disbursementsAdvertising 433721 legal ex miscellaneous 1158560 1299856 71 1776 38 20000 00 137567 48 27219 38 2491 98 9953 69 penses 7753 38 Total disbursements 4469 13 16000 34 1519335 0926 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 4 Book value of bonds excluding interest 5 Cash m companys office 367931 deposited inbankVio 6 TZT bsin 7 ASeWig bU w Prior to 8 Bills receivable taken for marine and inland risks 14 Total ledger assets 924107 25 111201 13 63133 47 430 52 1861 50 1100733 87 NONLEDGER ASSETS 24 Reinsurance due 25 Assessments on stock m process of collection 26 Gross assets 14600 00 3562 08 1118895 95 DEDUCT ASSETS NOT ADMITTED 30 Agents balances representing business writ ten prior to October 1 1906 33 Depreciation from book value of ledger assets to bring same to market value 36 Total 37 Total admitted assets 4 Total 5 Deduct reinsurance due or accruediii7oo and salvage 65000 6 Net amount of unpaid losses and claims 7 Gross premium less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of poli cy 38346639 unearned premiums fifty per cent 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 430 52 15247 2 S677 77 1103218 18 VLIABILITIES 1 Gross losses adjusted and unpaid and gross claims for losses in process of adjust ment or m suspense including all reported and supposed losses 3 Gross claims for losses resisted o 807 00 72543 00 1767 00 70776 00 191733 19 COMPTROLLERGENERALS REPORT 27 running more than one year from date of policy i2i36737 unearned premiums pro rata 121367 37 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 14163 84 unearned premiums 100 per cent H163 84 10 Gross premiums less reinsurance cash and bills received and receivable upon all un expired marine risks 3617715 unearned premiums 100 per cent 36177 J5 12 Total unearned premiums as computed above 363441 55 13 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or i949 54 deposit received 54V 26 Total amount of all liabilities except capital 440167 09 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities l63o5i 09 29 Surplus as regards policyholders 66305109 1103218 18 30 Total liabilities Business in the State of Georgia during the year r 869321 00 Risks written fire Gross premiums received Losses paid 2I Losses incurred AMERICAN CENTRAL FIRE INSURANCE COMPANY OF ST LOUIS MO Geo T Cram President John H Adams Secretary Principal Office 816 Olive Street W P Patillo Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 20000a IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 4 Value of lands mortgaged exclusive of build ings and perishable improvements J000 28 COMPTROLLERGENERALS REPORT 5 Value of buildings mortgaged insured for 250000 as collateral 300Q w 6 Total value of said mortgaged premises car ried inside 4 4000 oo 9 lotal par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3 606 445 oo ii Total amount loaned on stocks bonds and all other securi ties except mortgages n J 646250 00 12 Cash in companys principal office g7Q4 3 13 Cash belonging to the company deposited in bank Natl Bank of Com in St Louis 32574151 Third National Bank in St Louis 2629047 Natl Bank of Com N Y 912926 First National Bank Las Vegas N M 1000000 Shawmut Natl Bank Boston 3395445 total 6g Total cash items 17 Cash in hands of agents and in course of transmission 4577 Total assets of the company actual cash market value 517417047 IIILIABILITIES 1 Losses due and unpaid 68l66 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses T 24751041 3 bosses resisted including interest costs and other expenses thereon 6 850 00 4 Total gross amount of claims for losses 317 56 60 5 Deduct reinsurance thereon 130177 87 6 Net amount of unpaid losses o 7 Gross premiums without any deduction re 7 73 ceived and receivable upon all unexpired fire risks running one year or less from date of policy 143517303 unearned premiums fifty per cent 4 a o n 717586 51 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 205506926 unearned pre mums pro rata 112886939 11 Total unearned premiums as computed aboveeTutT 1846 455 90 19 All other demands against the company absolute and con S COMPTROLLERGENERALS REPORT 29 linjrent due and to become due admitted and contested o 2nn TO viz Commissions due agents 20 Total amount of all liabilities except capital stock and net 2096170 73 surplus Y 21 Joint stock capital actually paid up in cash 2000000 00 23 Surplus beyond capital and all other liabilities T07800b 74 24 Aggregate amount of all liabilities including capital paid up and net surplus 5174179 47 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collec tion at close of last year as shown by that years statement 32ioo8 47 3 Net collected 32100847 4 Gross premiums on risks written and renewed during the year 3402537 47 5 Total 3723545 94 6 Deduct premiums and bills in course of col lection at this date 415774 05 7 Entire premiums collected during the year cash 330777189 8 Deduct reinsurance and return premiums 1024217 44 9 Net cash actually received for premiums carried out 2283554 45 10 Received for interest on bonds and mortgages 412 49 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 178328 00 12 Income received from all other sources omitting increase if any in value of securities viz contributed by stock holders to surplus 94967000 profit on sale of ledger o 950847 89 assets 117789 13 Received for calls for increase capital 100000000 m Aggregate amount of income actually received during the 5 Bb 5 441319289 year 111 cash Y vEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 100077 losses occurring in previ Fire Risks ous years 360555627 2 Deduct all amounts actually received for sal vages whether on losses of the last or of the previous year 798975 and all30 COMPTROLLERGENERALS REPORT amounts actually received for reinsurance in other companies 105223281 total de ductions 1060222 56 3 Net amount paid during the year for losses 2545333 71 4 Cash dividends actually paid stockholders amount of divi dends declared during the year 12000000 156518 67 6 Paid for commissions or brokerage 400767 69 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 110978 23 8 Paid for State national and local taxes in this and other States v 51162 41 9 All other payments and expenditures viz Rents 13 00008 loss on sale of ledger assets 1142411 postage express exchange and telegrams 1624340 advertising 269334 general expense 26922894 total 31258987 Aggregate amount of actual expenditures during the year in cash 3577350 58 Business in the State of Georgia during the year Fire risks written 4l68366 00 Premiums received gross 48248 24 Losses Paid 20l02 22 Losses incurred IC gIQ g THE AMERICAN FIRE INSURANCE COMPANY OF NEWARK NEW JERSEY E O Doremus President Jas R Worden Secretary Principal Office 70 Park Place Olin L Pattillo Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 600000 00 2 Amount paid up in cash 600000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 505800 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 884230 75 3 Interest due on all said bond and mortgage loans 1481 50 interest accrued thereon 97T776 total IIjI99 2g 4 Value of lands mortgaged exclusive of build ings and perishable improvements 891490 00COMPTROLLERGENERALS REPORT 31 5 Value of buildings mortgaged insured for 118964000 as collateral 131575 6 Total value of said mortgaged premises car ried inside 2207240 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 335I775 12 Cash in companys principal office 916 6 13 Cash belonging to the company deposited in bank Essex County National Bank 26221327 National Newark Banking Co i669i62S total 429129 52 Total cash items 434S 58 15 Interest due and accrued on stocks not included in market value uncollected 44394 9 17 Cash in hands of agents and in course of transmission not more than three months due 338373 43 18 Bills receivable not matured taken for fire marine and in land risks not past due 239712 83 All other assets both real and personal viz Rents due and accrued 111 66 Total assets of the company actual cash market value 5805643 41 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 487496 48 3 Losses resisted including interest costs and other expenses thereon 4525 4 Total gross amount of claims for losses 492021 48 5 Deduct reinsurance thereon 33475 53 5 Net amount of unpaid losses 458545 95 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 126787492 unearned pre miums fifty per cent 633937 46 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 444730717 unearned pre miums pro rata 2507990 64 11 Total unearned premiums as computed above carried out 3141928 10 14 Amount of dividends declared but not yet due 24000 0032 COMPTROLLERGENERALS REPORT 15 Dividends declared and remaining unpaid or uncalled for 154 00 16 Cash dividends to stockholders remaining unpaid 665 59 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commission brokerage and other charges due or to become due to agents and brokers 116839 86 20 Total amount of all liabilities except capital stock and net surPlus 3742133 So 21 Joint stock capital actually paid up in cash 600000 00 23 Surplus beyond capital and all other liabilities 1463509 91 24 Aggregate amount of all liabilities including capital paid up and net surplus 5805643 41 IVINCOME DURING THE YEAR I Gross premiums and bills in course of col lection at close of last previous year as Fire Risks shown by that years statement 564120 11 3 Net collected 564120 11 4 Gross premiums on risks written and re newed during the year 349314790 5 Total 4057268 01 6 Deduct premiums and bills in course of col lection at this date 638184 74 7 Entire premiums collected during the year 3419083 27 8 Deduct reinsurance and return premiums 805407 31 9 Net cash actually received for premiums carried out 2613675 96 10 Received for interest on bonds and mortgages 69711 70 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 138877 19 12 Income received from all other sources omitting increase if any in value of securities viz Rents 12071 15 15 Aggregate amount of income actually received during the year in cash 2834336 00 VEXPENDITURES DURING THE YEAR Fire Iiisks 1 Gross amount actually paid for losses in cluding 15560236 losses occurring in pre vious years 219911487 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1823800 and all amounts5 COMPTROLLERGENERALS REPORT 33 actually received for reinsurance in other companies 29162751 total deductions 309865 51 3 Net amount paid during the year for losses 1889249 36 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 102 00000 10791048 to policyholders amount of dividends declared during the year 14000 9900 10800948 6 Paid for commissions or brokerage 633245 14 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 13 3 8 Paid for State national and local taxes in this and other Statesj 9 All other payments and expenditures viz Repairs and ex penses on real estate 161447 taxes on real estate 689480 loss on sale or depreciation of real estate 34868 stationery postage special agents expressage etc i9385750 total 2021545 Aggregate amount of actual expenditures during the SB 5 3049822 83 year in cash Y Business in the State of Georgia during the year 1t 18605 00 Fire nsks written g Premiums received gross 10478 28 Losses paid g 2 Losses incurred THE ATHENS MUTUAL EIRE INSURANCE COMPANY OF ATHENS GA t R B Dixon Secretary M Stern President Principal Office Clayton Street Athens Ga IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 5 3 Interest due on all said bond and mortgage loans 120 4 Value of lands mortgaged exclusive of buildings and per ishable improvements 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 5405 00 12 Cash in companys principal office 152 67 13 Cash belonging to the company deposited in bank Athens Savings Bank 7113 2 7265 94 Total cash items 3 in34 COMPTROLLERGENERALS REPORT 135 66 14 Amount of premium notes upon which policies have been issued 15 Interest due and accrued on bonds not included in market value uncollected 16 Interest due and accrued uncollected 17 Cash in hands of agents and in course of transmission 18 Bill receivable not matured taken for fire marine and in land risks All other assets both real and personal viz Office furni ture supplies etc Total assets of the company actual cash market value 27970 64 IIILIABILITIES 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 expenses thereon II Total unearned premiums 23 Surplus beyond capital and all other liabilities 97 50 125 45 11277 14 2653 96 634 1 750 00 2075 00 19231 49 5914 15 24 Aggregate amount of all liabilities including capital paid up and net surplus 27970 64 TO BE ANSWERED BY COMPANIES DOING AN INSTALLMENT BUSINESS Amount of unearned premiums represented by installment notesbeing the whole amount of such notes 2653 96 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 3 Net collected 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year Cash 2724374 notes 249454S 8 Deduct reinsurance and return premiums Fire Risks 4621 6l 100 00 4S2i 6r 36493 81 41015 42 11277 14 29738 28 5389 61 9 Net cash actually received for premiums carried outi 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 24348 67 361 60COMPTROLLERGENERALS REPORT 35 15 Aggregate amount of income actually received during the year in cash 24710 27 VEXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses fire 4956 IS 4 Cash dividends actually paid policyholders amount of divi dends declared during the year 2241 35 6 Paid for commissions or brokerage expenses salaries fees and other charges of officers clerks agents and all other employees 10474 48 8 Paid for State national and local taxes in this and other States 692 72 Aggregate amount of actual expenditures during the year in cash 18364 70 Business in the State of Georgia during the year Eire risks written 1563203 75 Premiums received gross 36493 81 Losses paid 4956 15 Losses incurred 73i J5 ATLAS ASSURANCE COMPANY LTD OF LONDON Frank Lock U S Manager Principal Office 100 William Street New York Cliff C Hatcher Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 11000000 00 2 Amount paid up in cash 1320000 00 IIASSETS I Market value of real estate owned by the company less the amount of incufnbrances thereon 85000 00 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 1429557 50 12 Cash in companys principal office 8466 75 13 Cash belonging to the company deposited in bank Canadian Bank of Commerce San Francisco 964389 First National Bank Chicago 407490 Manhattan Trust Co New York 19465239 Merchants Na tional Bank New York 31575 total 20805543 Total cash items 216522 1836 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in market value uncollected 17 Gross premiums as written in the policies in course of collection written within three months All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 200055 due from the Manchester Assurance Company 385286 total Total assets of the company actual cash market value 16715 00 257484 71 2011132 80 IIILIABILITIES 1 Losses due and unpaid 43 22 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 11911689 3 Losses resisted including interest costs and other expenses thereon 5783 00 4 Total gross amount of claims for losses 124940 11 5 Deduct reinsurance thereon 932 30 6 Net amount of unpaid losses 115617 81 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 112948420 unearned pre miums fifty per cent 564742 10 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 109714649 unearned pre miums pro rata 62 lSSl 75 11 Total unearned premiums as computed above carried out 1189623 85 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 in course of collection 5149694 due for reinsurance 859295 total 6008989 20 Total amount of all liabilities except net surplus 1365331 55 23 Surplus beyond capital and all other liabilities 645801 25 24 Aggregate amount of all liabilities including net surplus 2011132 80COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 244156 95 2 Deduct amount of same not collected 136 30 3 Net collected 244020 59 4 Gross premiums on risks written and re newed during the year 2023143 39 37 2267103 5 Total 6 Deduct premiums and bills in course of coi tion at this date 26504480 7 Entire premiums collected during the year 2002119 iS 8 Deduct reinsurance and return premiums 447591 02 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 14 Amount of remittances from home office dur ing the year 146492392 1554528 16 55095 34 1609623 50 15 Aggregate amount of income actually received during the year in cash vEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 7526340 losses occurring in pre s 4960725 15 vious years y 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1117130 and all amounts actually received for reinsurance in other companies 254013354 total deductions 255130484 3 Net amount paid during the year for losses 249 31 6 Paid for commissions or brokerage 3247 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 Statesso 9 All other payments and expenditures viz Rents 1268 58 local boards 2406950 advertising 111918 69 45i65 38 366864 post San Francisco conflagration losses paid 16829462138 COMPTROLLERGENERALS REPORT age etc 1427557 traveling 2906484 office and sun dry expenses 3863981 total 127407 94 Aggregate amount of actual expenditures during the year in cash 3ol86l8 6 Business in the State of Georgia during the year Fire risks written I97734S 00 Premiums received gross 33 894 80 Losses Paid 21463 67 Losses incurred 220I7 40 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Joel Hurt President W D Deane Secretary Principal Office Equitable Building ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 11ASSETS 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 build ings and perishable improvements 17520000 5 Value of buildings mortgaged insured for 1750000 as collateral 33000 00 6 Total value of said mortgaged premises car ried inside 208200 00 7 Amount of other loans on stocks and bonds ny 3297041 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other securi ties except mortgages 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank Atlanta National Bank 118824 Lowry National Bank 197409 Trust Company of Georgia 527054 total 8432 87 39 07 Total cash items 112173 81 1733 10 189395 00 32970 41 8471 94COMPTROLLERGENERALS REPORT 39 15 Interest due and accrued on bonds not included in market value uncollected 54 l7 16 Interest due and accrued on collateral loans and uncollected 1365 00 17 Cash in hands of agents and in course of transmission 22914 68 All other assets both real and personal viz Office furni ture 3ooo 00 Total assets of the company actual cash market value 372528 11 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deductions re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 6730263 unearned pre miums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 5928250 unearned pre miums pro rata 4070 00 3350 00 7430 00 105 00 33651 32 32145 21 7315 00 11 Total unearned premiums as computed above carried out 65796 53 20 Total amount of all liabilities except capital stock and net surplus 73111 53 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 994i6 58 24 Aggregate amount of all liabilities including capital paid up and net surplus 372528 11 IVINCOME DURING THE YEAR I Gross premiums and bills in course of collec tion at close of last previous year as shown Fire Risks by that years statement 23320 59 3 Net collected 23320 5940 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 121866 92 5 Total 6 Deduct premiums and bills in course of col lection at this date 145187 51 22914 68 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 122272 83 30836 37 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 from all other sources omitting increase if any in value of securities viz Rents 272464 sale of real estate 400000 total 15 Aggregate amount of income actually received during the year in cash 91436 46 3725 83 5876 01 6724 64 107762 94 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 308500 losses occurring in pre Fire Risks vious years 49169 20 2 Deduct all amounts actually received for re insurance in other companies 2744 02 3 Net amount paid during the year for losses 46425 18 6 Paid for commissions or brokerage net 14971 56 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 10395 32 8 Paid for State national and local taxes in this and other States 3906 69 9 All other payments and expenditures viz Rent 135400 repairs on real estate 47331 taxes on real estate 783 48 general expenses 512766 total 7738 45 Aggregate amount of actual expenditures during the year in cash 83437 2o Business in the State of Georgia during the year Fire risks written 3467403 00 Premiums received gross 61150 75 Losses paid 28142 16 Losses incurred 30451 65 COMPTROLLERGENERALS REPORT 41 BOSTON FIRE INSURANCE COMPANY OF BOSTON MASS Ransom B Fuller President Thos H Lord Secretary Principal Office 137 Milk Street Boston Mass W L Wilson Savannah Attorney for Service in Georgia ICAPITAL 1 t 1 1000000 00 I Whole amount of capital stock 2 Amount paid up in cash 1000000 00 6 12 13 IIASSETS Market value of real estate Owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans 728750 interest accrued thereon 221692 total Total value of lands and buildings mort gaged insured for II973T5O0 as collat eral carried inside 2765900 00 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value Total amount loaned on stocks bonds and all other securi ties except mortgages Cash in companys principal office Cash belonging to the company deposited in bank 37684054 2286 47 Total cash items 15 Interest due and accrued on stocks 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 fire marine and in land risks All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 1328961 deposit with fire boards 20000 other ledger assets 100000 total 58000 00 1301900 00 9504 42 2753906 87 91600 00 379127 01 8608 07 400 00 316520 66 63961 28 14489 61 Total assets of the company actual cash market value 4998017 92 IIILIABILITIES Losses due and unpaid Gross losses in process of adjustment or in suspense including all reported and sup posed losses 21804 38 316885 2342 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest costs and other expenses thereon g 4 4 Total gross amount of claims for losses 347457 08 5 Deduct reinsurance thereon 3oo86 16 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 58600910 unearned pre miums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 80961829 unearned pre miums prorata 46107677 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 22369 20 10 Gross premiums without any deduction re ceived and receivable upon all unexpired marine risks 84570592 unearned pre miums sixty per cent 507423 54 Excess original premiums over amount re ceived for reinsurance 74142 unearned premiums pro rata 288 10 11 Total unearned premiums as computed above carried out 1284 16 12 17 Commissions brokerages and other charges due or to be come due agents or brokers 18 Reinsurance premiums 399 4 19 All other demands against the companyabsolute andcon 3 tmgent due and to become due admitted and contested viz Contingent salvage 2977 50 20 Total amount of all liabilities except capital stock and net surplus 21 Joint stock capital actually paid up incash Z 23 Surplus beyond capital and all other liabilities 64 24 Aggregate amount of all liabilities including capital paid up and net surplus 4998017 92 IVINCOME DURING THE YEAR Marine and 1 Gross premiums and bills in FlreR3ks Mand Risks course of collection at close of last previous year asCOMPTROLLERGENERALS REPORT shown by that years state ment 12289710 15760062 3 Net collected 122897 10 i576oo 62 4 Gross premiums on risks writ ten and renewed during the year 1376121 78 1632334 11 5 Total 149901888 1789934 73 6 Deduct premiums and bills in course of collection at this date 154355 50 181233 01 7 Entire premiums collected dur ing the year 1344663 38 1608701 72 8 Deduct reinsurance and return premiums 5S7o 83 275669 77 43 9 Net cash actually received for premiums carried out 838902 55 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 152600 Man chester Mills common 223750 preferred 895000 National Bank of North America National Eagle Bank National Reserve Bank deferred dividend 7242 North ern Marine Seaport R R Co 400000 Atlantic Mutual scrip 19000 real estate Harvard Ave Brookline 457 87 St Paul St Brookline 68561 refund of bank tax 686013 total i33303i 95 2171934 50 53690 99 117389 30 24979 53 15 Aggregate amount of income actually received during the year in cash 2367994 3 Gross amount actually paid for losses including 18664752 losses occurring in previous years Deduct all amounts actually received for salvages wheth er on losses of the last or of previous year 7409828 and all amounts actually re ceived for reinsurance in EXPENDITURES DURING THE YEAR Mai ine and Fire Risks Inland Risks 472218 21 Si 1203 7544 COMPTROLLERGENERALS REPORT other companies 18983686 total deductions I0Sg6s 02 lsjm I2 3 Net amount paid during the yar f0 losses 366253 19 653233 63 1019486 82 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year I20oo0 00 0 Faid for commissions or brokerage 393 317 78 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 3g 8 Faid tor State national and local taxes h this and other States 9 All other payments and expenditures viz Repairs and ex penses real estate 64887 taxes on real estate 35363 rents including companys occupancy of own building 1753176 doubtful accounts charged off 131430 real estate Mills Beach and Hall Sts reserve 50587 adver tising printing and stationery 1155248 furniture and fixtures 538148 Mass board of patrols 1465969 legal expenses 50916 maps 183772 miscellaneous 23465i2 total Aggregate amount of actual expenditures during the year 1807298 82 Business in the State of Georgia during the year Marine and inland risks written o 6 Premiums received gross Losses paid y477 17 Losses incurred 2183 42 BRITISH AMERICA ASSURANCE COMPANY OF TORONTO Hon Geo A Cox President Principal Office 18 and 20 Front Street East T P H Sims Secretary oronto 11ASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 13 Cash belonging to the company deposited in bank Canadian Bank of Commerce N Y 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmis sion Total assets of the company actual cash market value a 1343 672 27 31826 43 17060 71 211238 41 6o3797 82COMPTROLLERGENERALS REPORT 45 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 11169 25 64770 43 25325 00 6 Net amount of unpaid losses 101264 68 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 1006 36373 unearned premiums fifty per cent So3i8i 86 8 Gross premiums without any deduc tion received and receivable upon all unexpired fire risks running more than one year from date of policy 83415305 unearned premiums pro rata 9 Gross premiums without any deduc tion including both cash and bills received and receivable upon all un expired inland navigation and ma rine risks 8527175 10 Gross premiums without any deduc tion received and receivable on all unexpired marine risks 440367 18 42635 1525 29 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 contested viz commissions and charges due agents 56217 39 20 Total amount of all liabilities except capital stock and net surplus 1145192 2S 23 Surplus beyond capital and all other liabilities 458605 57 24 Aggregate amount of all liabilities including capital paid up and net surplus 1603 797 82 IVINCOME DURING THE YEAR I Gross premiums and bills in course of collection at close of last previ46 COMPTROLLERGENERALS REPORT Marine and ous year as shown by Inland Risks years statement 23690970 2253715 3 Net collected 236909 79 22537 15 4 iross premiums on risks written and renewed during the year 1719815 83 284113 68 f JX 1956725 62 30665083 o Deduct premiums and bills in course of col lection at this date 20769486 354355 7 Entire premiums collect ed during the year t749030 76 30310728 o Deduct reinsurance and return premiums 402 7S3 l o6 549 30 9 Net cash actually re ceived for premiums carried out I34627 SQ pg 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 40 a 00 14 Amount of remittances from home office during the year 852037 27 IS Aggregate amount of income actually received during the year in cash 2454107 93 VEXPENDITURES DURING THE YEAR i Gross amount actually paid for losses includ occurring in previous ing 8358094 losses FireRlBks rS nyfrs WS6frfi 14 247711 52 2 Deduct all amounts ac tually received fof sal vages whether on losses of the last or of previous year 20082 46 and all amounts ac tually received for re insurance in other com panies 31401030 to tal dedctions 307630 16 26462 60 3 Net amount paid during 1th1eyear for osses 164901798 221248 92 1870266 00 6 Paul for commission or brokerage WO 200 90 265749 52COMPTROLLERGENERALS REPORT 17 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 adjust ments advertising board legal postage telegraph etc 65652 08 43746 36 145358 62 Aggregate amount of actual expenditures during the year in cash 2390773 48 Business in the State of Georgia during the year Fire Risks Risks written 170328400 Premiums received gross 30596 58 Losses paid 12253 31 Losses incurred 13865 36 Marine and Inland Risks Aggregate 108973 00 1812257 00 324 25 30920 83 2102 24 Cr 10151 07 274 87 14140 23 CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH Chas H Post U S Manager R C Christopher Assistant Manager Principal Office 50 and 52 Pine Street New York City ICAPITA i Whole amount of capital stock 2 Amount paid up in cash 5000000 00 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 12 Cash in companys principal office 92 51 13 Cash belonging to the company depos ited in bank American Exchange national Bank New York City trus tees account 20082328 managers account 4037590 home office ac count 8282060 Bank of British North America managers ac count 114838 total 32516816 525000 00 iI939S0 00 Total cash items 3252606748 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in market value uncollected 7I2Q 15 17 Cash in hands of agents and in course of transmis sion 13239913 18 Bills receivable not matured taken for fire marine and inland risks 506 70 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 1182 97 Total assets of the company actual cash market value 218542862 IIILIABILITIES 1 Losses due and unpaid 17351449 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 407789 62 3 Losses resisted including interest costs and other expenses thereon 26239 43 4 Total gross amount of claims for losses 607543 54 5 Deduct reinsurance thereon 162566 87 6 Net amount of unpaid losses 444976 67 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 97635478 unearned premiums fifty per cent 488177 30 8 Gross premiums without any deduction received and receivable upon all un expired tire risks running more than one year from date of policy 1248 16077 unearned premiums pro rata 678948 68 11 Total unearned premiums as computed above car ried out 1167126 07 19 Reinsurance premiums 2836305 contingent 10 00000 38363 05 20 Total amount of all liabilities except net surplus 1650465 79 23 Surplus beyond capital and all other liabilities 534962 83 24 Aggregate amount of all liabilities including net surplus 2185428 621 COMPTROLLERGENERALS REPORT 49 iyINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and renewed during the year 1948349 71 8 Deduct reinsurance and return pre U9727 3D miums y o Net cash actually received for premiums carried out 1428622 35 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 53300 35 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 18181 01 14 Remittances from home office during the year 213674785 IS Aggregate amount of income actually received during the year in cash 9 VEXPENDITURES DURING THE YEAR Fire Risks t Gross amount actually paid for losses including n6i77il losses occurring in previous years 5 4301583 38 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 347 99 and all amounts actually received for reinsurance in other companies i45456968 total deductions 1457987 07 3 Net amount paid during the year for losses 2843595 71 6 Paid for commissions or brokerage 334 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 91504 03 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Traveling stationery printing supplies maps office furniture postage express telegrams advertising office ex penses and miscellaneous33 Aggegate amount of actual expenditures during n8c 3572220 21 the year in cash v Business in the State of Georgia during the year 996760 00 Fire risks written 16832 8 Premiums received gross 12874 56 Losses paid 18747 97 Losses incurred 4 in50 COMPTROLLERGENERALS REPORT CITIZENS FIRE INSURANCE COMPANY OF MISSOURI Sol E Waggoner President J H Carr Secretary Principal office Century Building St Louis Mo Wm R Prescott Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 oo 200000 oo IIASSETS 1 Market value of real estate owned by the company less the amount of iricumbrances thereon 2 Loans on mortgage duly recorded and being first liens on the fee simple 3 Interest due and accrued on mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 342500 00 5 Value of buildings mortgaged insured for 15585000 as collateral 228500 00 6 Total value of said mortgaged premises carried inside 57100000 9 Total par and market value of bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 220 51 3 Cash belonging to the company deposit ed in Merchants Laclede Natl Bank St Louis Mo 5532663 Bankers Trust Co New York 673559 WellsFargo Nevada San Francisco 4450811 Lowry Natl Bank Atlanta Ga 1404017 total 75547 47 Total cash items 15 Interest due and accrued on bonds not included in market value uncollected 17 Cash in hands of agents and in course of transmission Total assets of the company actual cash market value IIILIABILITIES I Losses adjusted and unpaid Gross losses in process of adjustment or 16841 89 400 00 217900 00 2787 00 305840 00 76767 98 348s 00 98506 55 705686 53COMPTROLLERGENERALS REPORT 51 in suspense including all reported and supposed losses 149824 66 3 Losses resisted including interest costs and other expenses thereon 1331927 Total gross amount of claims for losses 179985 82 5 Deduct reinsurance thereon I37o66 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 336 06500 unearned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all 1111 expired fire risks running more than one year from date of policy 345 31600 unearned premiums pro rata 42919 33 168032 50 5862 28 II 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 put up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 5 1VINCOME DURING THE YEAR 354894 78 397814 II 200000 00 107872 42 705686 53 1 Gross premiums and bills in course of collection year as shown by that at close of last previous years statement 3 Net collected 4 Gross premiums written and renewed during the year Fire Risks 148966 28 148966 28 2208354 55 Marine and Inland Risks 5 Total 2357323 83 6 Deduct premiums and bills in course of col lection at this date 12607968 245 87 245 8752 COMPTROLLERGENERALS REPORT 7 Entire premiums collect ed during the year 8 Deduct reinsurance and return premiums 2231244 IS 245 87 1740898 12 172 11 9 Net cash actually receiy ed for premiums car ried out 49034603 736 49041979 10 Received fov interest on bonds and mortgages 25717 99 n Received for interest from all other sources 2516 44 12 Income received from all other sources omitting in crease if any in value of securities viz from stockholders credit surplus 35oco 00 15 Aggregate amount of income actually received during the year in cash 553654 22 VEXPENDITURES CURING THE YEAR 1 Gross amount actually paid for losses including 12966702 losses occurring Fire Risks in previous years 2076167 88 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 440124 and all amounts actually received for rein surance in other companies 1612 97T70 total deductions 161737294 3 Net amount paid during the year for losses 458794 94 6 Paid for commissions or brokerage 81955 98 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 39T77 36 8 Paid for State national and local taxes in this and other States 17267 39 9 All other payments and expenditures 4124323 Aggregate amount of actual expenditures during the year in cash 638438 90 Business in the State of Georgia during the year Fire risks written 4819473 00 Premiums received gross 63412 88 Losses paid 34376 70 Losses incurred 26212 15COMPTROLLERGENERALS REPORT 53 COMMERCIAL UNION ASSURANCE COMPANY LTD OF LONDON A H Wray Manager Principal U S Office corner Pine and William Streets New York Jacob Haas Atlanta Attorney for Service in Georgia IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and be ing first liens on the fee simple Interest due and accrued on all said bond and mort gage loans Value of lands mortgaged exclusive of buildings and perishable improve ments Value of buildings mortgaged insured for 3080000 as collateral 888000 00 23000 00 466 25 14000 00 35000 00 6 Total value of said mortgaged premises carried inside 49000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Si5348o89 12 Cash in companys principal office 4559 77 13 Cash belonging to the company de posited in bank National Bank of Commerce New York 11800429 American Exchange Natl Bank New York 1022044 Marton Trust Co New York 5950606 AngloCalifor nina Bank San Francisco 9790350 First National Bank Denver 96680 National Union Bank Boston 26 26827 total 31286936 Total cash items 317429 13 15 Interest due and accrued on stocks not included in market value uncollected 64353 8 17 Cash in hands of agents and in course of transmission 627469 28 18 Bills receivable not matured taken for fire marine and inland risks I35 4 All other assets both real and personal viz Rents due and accrued 1067342 due from other com54 COMPTROLLERGENERALS REPORT panics for reinsurance on losses already paid 408201 14755 43 Total assets of the company actual cash market value 7090330 32 IIILIABILITIES 1 Losses due and unpaid 63030 30 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 149775 oc 3 Losses resisted including interest costs and other expenses thereon 36850 CO 4 Total gross amount of claims for losses 1 597634 30 5 Deduct reinsurance thereon 134532 80 6 Net amount of unpaid losses 1463101 50 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 3162 99584 unearned premiums fifty per cent 1581497 92 8 Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 4420 23703 unearned premiums pro rata 2 216352 75 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired inland navigation and marine risks 2933838 unearned fifty per cent 14619 19 10 Gross premiums without any deduc tion received and receivable on all unexpired marine risks 33421 74 11 Total unearned premiums as computed above carried out 384594160 12 Net premiums reserved and all other liabilities except capital under the life insurance or any other special department 107 004 48 19 All other demands against the company absolute and contingent due and to become due admittedCOMPTROLLERGENERALS REPORT 55 and contested viz Return premiums 2270342 reinsurance premiums 4641940 69122 82 20 Total amount of all liabilities except net surplus 5485170 40 23 Surplus beyond Capital and all other liabilities 1605159 92 24 Aggregate amount of all liabilities including capital paid up and net surplus 7090330 32 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 4 Gross premiums on risks written and renewed during the year INCOME DURING THE YEAR Fire Risks 626843 38 Marine and Inland Risks 23132 24 6660302 73 219931 06 5 Total 6 Deduct premiums and bills in course of collec tion at this date 7287146 11 243063 30 730226 10 17438 69 7 Entire premiums collect ed during the year 6556920 01 225624 61 8 Deduct reinsurance and return premiums 1599626 58 61099 6 Deposit premiums 246 00 9 Net cash actually re ceived for premiums carried out 4 957293 43 164525 01 5122064 44 tu Received for interest on bonds and mortgages 1166 00 11 Received for interest and dividends on stocks and bonds collateral loans and from all ouier sources 135951 83 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 6279866 profit on sale of securities 303750 65836 16 14 Amount of remittances from home office during the year 2298437 79 15 Aggregate amount of income actually received dur ing the year in cash 7623456 22 56 COMPTROLLERGENERALS REPORT EXPENDITURES DURING THE YEAR Marine and Fire Risks Inland Risks Gross amount actually paid for losses includ ing 30381234 losses occurring in previous years 389792746 154335 37 Deduct all amounts actual received for salvages whether on losses of the last or of previous year 2117669 and all amounts actually re ceived for reinsurance in other companies 34643070 total deduc tions 335837io 3177029 3 Net amount paid during the year for losses 3562090 36 122565 08 3684655 44 6 Paid for commissions or brokerage 1289759 94 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 170521 70 8 Paid for State national and local taxes in this and other States 131324 37 9 All other payments and expenditures viz Rents national and local boards travel surveys printing stationery postage telegrams exchange advertising and sundries and reduction in book values 242600 76 Aggregate amount of actual expenditures during the year in cash 5518862 21 Business in the State of Georgia during the year Fire risks written 6506797 00 Premiums received gross 102996 88 Losses paid 31707 20 Losses incurred 44257 20 COMPTROLLERGENERALS REPORT 57 CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK Evans President J E Lopez and E L Ballard Secretaries Henry Principal Office 46 Cedar Street New York City J L Riley Co Atlanta Attorneys for Service in Georgia ICAPITAL 1000000 I Whole amount of capital stock 1000000 00 2 Amount paid up in cash 11ASSETS j 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 build ings and perishable improvementsi 5 Value of buildings mortgaged insured for 1992500 as collateral 13850 00 321 25 11800 00 22700 00 6 Total value of said mortgaged premises car ned insde 34500 o 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 13005255 12 Cash in companys principal office 8492 3 13 Cash belonging to the company deposited m bank 1147614 08 Total cash items j 1 15 Interest due and accrued on stocks not included in market value uncollected I7 Cash in hands of agents and in course of transmission i Bills receivable not matured taken for fire marine and in land risks 1156106 46 103652 32 894982 29 66433 11 Total assets of the company IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon actual cash market value 17030600 43 374534 48 31903 00 amount of claims for losses 406437 48 4 Total gross 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 21118 67 385318 8158 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 389666909 unearned pre miums fifty per cent 1948334 54 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 900090433 unearned pre miums pro rata 4841575 23 11 Total unearned premiums as computed above carried out 6789909 77 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 or to become due to agents and brokers 16312879 rein surance premiums 1350872 reserve for contingencies 25000000 total 426637 SJ 20 Total amount of all liabilities except capital stock and net TSUrpllS 760186609 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 8428734 34 24 Aggregate amount of all liabilities including capital paid up and net surplus M 1 17030600 43 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collec RiSkS tion at close of last previous year as shown by that years statement 906924 77 2 Deduct amount of same not collected 2707 43 3 Net collected V 4 Gross premiums on risks written and re newed during the year 7814331 30 5rl0tf 871854864 0 Deduct premiums and bills in course of col lection at this date 96141540 7 Entire premiums collected during the year 7757133 24 8 Deduct reinsurance and return premiums Mll478 19 9 Net cash actually received for premiums carried out 66456 o 10 Received for interest on bonds and mortgages 827 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 605 600 47X COMPTROLLERGENERALS REPORT 59 12 Income received from all other sources omitting increase if any in value of securities viz Rents 31782 57 15 Aggregate amount of income actually received during the 1 7203865 72 year m cash v yEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 31802143 losses occurring in pre Fire Risks vious years 5 523908460 2 Deduct all amounts actually received for salv ages whether on losses of the last or of previous year 1511500 and all amounts actually received for reinsurance in other companies 86583334 total deductions 880948 34 3 Net amount paid during the year for losses 4358136 26 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 450000 00 5 Scrip or certificates of profits redeemed in cash and interest paid to scripholders 6 Paid for commissions or brokerage 1449291 5 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 452286 00 8 Paid for State national and local taxes in this and other States 14339173 9 All other payments and expenditures viz Rents 18 01172 furniture and fixtures 598407 advertising printing and stationery 5285145 exchange 843088 express 1192603 local board expenses 4330487 maps 1089162 postage 4311640 telegrams 15 56336 traveling expenses 7347161 legal expenses 598834 miscellaneous 5188236 total 341422 71 Aseresrate amount of actual expenditures during the 1 7193641 00 year in cash yo f Business in the State of Georgia during the year Fire risks written 9543815 00 j 165636 5b Premiums received gross D 36840 LosseS pald 39286 77 Losses incurred 60 COMPTROLLERGENERALS REPORT COSMOPOLITAN FIRE INSURANCE COMPANY OF NEW YORK Leo A Loeb First VicePresident Wm Wood Secretary Principal Office 95 William Street Geo S Wolford Atlanta Attorney for Service in Georgia ICAPITAL i Whole amount of capital stock 300000 00 11ASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 621675 00 13 Cash belonging to the company deposited in bank Oriental Bank 1630481 Mutual Alliance Trust Co 918939 25494 20 15 Interest due and accrued on stocks not included in market value uncollected 5454 12 18 Bills receivable not matured taken for tire marine and in land risks 81206 72 Total assets of the company actual cash market value 733830 04 inliabilities 1 Losses due and unpaid 341 i og 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 37965 18 3 Losses resisted including interest costs and other expenses thereon 600 00 4 Total gross amount of claims for losses 41976 27 5 Deduct reinsurance thereon 5048 35 6 Net amount of unpaid losses 36927 92 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 198957 S3 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 83065 22 11 Total unearned premiums as computed above carried out 282022 55 20 Total amount of all liabilities except capital stock and net slrPlus 318950 47 COMPTROLLERGENERALS REPORT 61 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 4 Gross premiums on risks written and re newed during the year 734i86 09 8 Deduct reinsurance and return premiums 164984 28 9 Net cash actually received for premiums caried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Deposits 35394 Profit on sale of companys stock 15000000 total 15 Aggregate amount of income actually received during the 300000 00 114879 57 733830 04 year vEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year and all amounts actually re ceived for reinsurance in other companies Fire Risks 81469 05 240 40 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 Organization expenses 322066 minor sundry expenses 38243 569201 81 7374 72 150353 94 in cash 726930 47 81228 65 189186 71 5019 68 6573 81 3603 09 Aggregate amount of actual expenditures during the year in cash 285611 9462 COMPTROLLERGENERALS REPORT CONNECTICUT FIRE INSURANCE CO OF HARTFORD CONN J D Browne President Charles R Burt Secretary Home Office 51 Prospect Street Hartford Conn J L Riley Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 1905 5559468 57 3 Increase of paid up capital during the year cash received to restore amount canceled by stockholders vote 500000 00 4 Extended at 6059468 57 As shown by the books at home office at close of business December 31 1906 5 Gross premiums 4504565 92 6 Deduct reinsurance rebate abatement and return premiums 975941 61 7 Total premiums other than perpetual 9 Interest on mortgage loans 10 Interest on collateral loans 11 Interest on bonds and dividends on stocks 12 Interest on deposits 13 Interest from all other sources 14 Gross rents from companys property 3528624 31 48698 41 162 50 153788 26 4526 19 571 63 2775 39 23 Total interest and rents Profit on sale or maturity of ledger assets On bonds sold 494573 on stocks sold 4783193 on real estate sold 23145 total From all other sources Surplus contributed by stockhold ers new stock having been subscribed at 200 per share 50000000 increase in book value of real estate on ac count of enhanced market value 9789066 total 210522 38 53009 II 597890 66 36 Total income 4390046 46 IIIDISBURSEMENTS As shown by the books at home office at close of business December 31 1906 1 Gross amount paid for losses including Fire Risks 20630705 occurring in previous years 4847188 66 2 Deduct amount received for salvage 9707 COMPTROLLERGENERALS REPORT 63 10 and for reinsurance in other compa nies 100395343 1013660 53 3 Net amount paid for losses 5 Paid stockholders for interest or dividends amount divi dends declared during the year 9000000 8 Commissions or brokerage 9 Salaries fees and all other charges of officers clerks agents and other employees 10 Rents 11 Repairs and expenses other than taxes on real estate 12 Taxes on real estate 13 All other taxes licenses and insurance department fees 14 Loss on sale or maturity of ledger assets on bonds sold 1558034 on real estate sold 32285 defaulted agency balances 65400 total 21 All other disbursements Advertising printing and station ery 6916894 legal expenses 754731 furniture and fixtures 624479 miscellaneous 13715504 total 3833528 13 103110 79 741356 36 241407 10 14146 57 780 86 3147 67 117067 61 i6557 19 220116 08 38 Total disbursements 5291218 36 IVLEDGER ASSETS Book value of real estate unincumbered 267200 00 Mortgage loans on real estate first liens 969900 00 Book value of bonds excluding interest 290925105 and stocks 34116891 3250419 96 Cash in companys office 49989 cash deposited in banks viz National Exchange Bank Hartford 35590404 Mercantile Trust Company Boston 2867370 Conti nental National bank Chicago 5825919 AngloCalifor nian Bank San Francisco 904518 Oakland Bank of Savings Oakland 2253132 total 474913 88 Agents balances representing business written subsequent to October I 1906 146522 81 Agents balances representing business written prior to Oc tober 1 1906 13420 99 Bills receivable taken for fire risks 35919 03 14 Total ledger assets 5158296 67 NONLEDGER assets 15 Interest due and accrued on mortgages 16 Interest due and accrued on bonds and stocks 22 Market value of bonds and stocks over book value 23 Other nonledger assets viz Gross premi ums excluding return premiums and rein surance in course of collection December 31 not more than three months due 294000 00 11776 25 16584 15 64688 0464 COMPTROLLERGENERALS REPORT 24 Deduct cost of collection commission broker age and other expenses 113000 00 25 Net amount of uncollected premiums not more than three months due 181000 00 26 Gross assets 5432345 DEDUCT ASSETS NOT ADMITTED 30 Agents balances representing business writ ten prior to October 1 1906 13420 99 31 Bills receivable past due taken for fire risks i7325 81 36 Total 30746 80 37 Total admitted assets 5401598 31 VLIABILITIES i Gross losses adjusted and unpaid not yet due 103690 21 2 Gross claims for losses in process of adjust ment or in suspense including all reported and supposed losses 283684 23 3 Gross claims for losses resisted 31786 96 4 Total 419161 40 5 Deduct reinsurance due or accrued 65630 21 6 Total amount of unpaid losses and claims 353531 19 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of poli cy including interest premiums on perpet ual fire risks 201078190 unearned pre miums fifty per cent 1005390 95 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 392288093 unearned premiums pro rata 212037093 12 Total unearned premiums as computed above 3125761 88 24 Total amount of all liabilities except capital 3479293 07 25 Capital actually paid up in cash 1000000 00 26 Surplus over all liabilities 922305 24 27 Surplus as regards policyholders 1922305 24 28 Total 5401598 31COMPTROLLERGENERALS REPORT 65 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 Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 5oooo 00 2 Amount paid up in cash 500000 00 11INCOME 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 442770 42 12 Cash in companys principal office 94 64 13 Cash belonging to the company deposited in bank 328955 13 Total cash items 329049 77 17 Cash in hands of agents and in course of transmission 85613 85 All other assets both real and personal viz Interest due and accrued on bank deposits 2005 9o Total assets of the company actual cash market value 859440 00 IIILIABILITIES i Losses due and unpaid 390 74 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses IO354 5 3 Losses resisted including interest costs and other expenses thereon 694 43 4 Total gross amount of claims for losses 12439 67 5 Deduct reinsurance thereon 845 54 6 Net amount of unpaid losses 11594 x3 7 Unearned premiums fifty per cent 71082 72 8 Unearned premiums pro rata 23597 9 11 Total unearned premiums as computed above carried out 94679 81 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 300 00 20 Total amount of all liabilities except capital stock and net surplus Io657394 5 in66 COMPTROLLERGENERALS REPORT 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 500000 00 252866 06 859440 or IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 196538 17 6 Deduct premiums and bills in course of col lection at this date 85613 85 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 113924 32 25286 76 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Premium on sale of stock 13 Received for capital 15 Aggregate amount of income actually received during the year in cash 8S637 56 3333 77 4083 98 250000 00 500000 00 841055 3i VEXPENDITURES DURING THE YEAR 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 and local taxes in this and other States 9 All other payments and expenditures viz Bonds 442770 42 office expenses of all kinds 1237189 total Aggregate amount of actual expenditures during the year in cash 2903 05 45752 04 5396 85 4811 29 455M 31 514005 54 Business in the State of Georgia during tli e year Fire risks written Premiums received gross Losses paid Losses incurred 605037 00 10704 33 135 25 140 25COMPTROLLERGENERALS REPORT 67 THE EAGLE FIRE COMPANY OF NEW YORK Theo H Price President Chas R Watson Secretary Principal Office 82 Beaver Street Edgar Dunlap Atlanta Attorney for Service in Georgia CAPITAL STOCK 1 Whole amount of capital stock 2 Amount paid up in cash 300000 00 300000 00 11ASSETS 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 4A3I 74 13 Cash belonging to the company deposited in bank The Oriental Bank N Y City 59888289 The New York Trust Co 14348743 total 742370 32 Total cash items Interest due and accrued on stocks not included in market value uncollected All other assets both real and personal viz Due from re insurance companies on losses paid 756177 gross pre miums in course of collection not more than three months due 7196860 gross premiums in course of col lection over three months due 26996 65000 00 490640 00 746402 06 3005 00 79800 26 Total assets of the company actual cash market value 1384577 43 IIILIABILITIES 1 Losses adjusted and unpaid T79I2 67 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 209338 87 3 Losses resisted including interest costs and other expenses thereon 8507 98 4 Total gross amount of claims for losses 235759 52 5 Deduct reinsurance thereon 29307 29 6 Net amount of unpaid losses 206452 23 7 Gross premiums without any deduction re ceived and receivable upon all unexpired68 COMPTROLLERGENERALS REPORT fire risks running one year or less from date of policy 37804385 unearned premiums fifty per cent 189021 92 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 24537134 unearned premi ums pro rata 176323 85 11 Total unearned premiums as computed above carried out 365345 77 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 1250000 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Cash deposited in lieu of agents bond 100000 re insurance 78184 commissions 1805964 total 19841 48 20 Total amount of all liabilities except capital stock and net surplus 606965 72 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 4776n 71 24 Aggregate amount of all liabilities including capital paid up and net surplus 1384577 43 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 2 Deduct amount of same not collected 3 Net collected 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums Fire Risk 114745 58 177 70 114S67 88 875AS7 41 989625 29 72060 86 917564 43 420849 04 Net cash actually received for premiums carried out Received for interest and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents 199998 cash de posited for bond 100000 other sources 3566203 pre 496715 39 15917 21COMPTROLLERGENERALS REPORT 69 mium on sale 7500 shares capital stock at 6000 per share 15000000 total 188662 01 13 Received for increase capital 600000 00 15 Aggregate amount of income actually received during the year in cash 1301294 61 VEXPENDITURES DURING THE YEAR Fire Risks Gross amount actually paid for losses in cluding 4456072 losses occurring in pre vious years 890385 16 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 590867 and all amounts actually received for reinsurance in other companies 18625075 total deductions 192159 42 3 Net amount paid during the year for losses 698225 74 6 Paid for commissions or brokerage 118876 25 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 58715 96 8 Paid for State national and local taxes in this and other States 23914 82 9 All other payments and expenditures viz Rents 486672 tax and expenses on real estate 128054 printing sta tionery and supplies 1188895 maps 569666 furni ture and fixtures 186611 traveling expenses 12475 31 advertising 322493 insp etc 271745 miscel laneous 1832224 total 62338 gr Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written 797677 00 Premiums received gross 16194 7 Losses paid 9624 24 Losses incurred 8137 94 962071 68ro COMPTROLLERGENERALS REPORT EQUITABLE FIRE INSURANCE COMPANY OF CHARLESTON SC David Huguenin President Wm Mazyck Secretary ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 120000 oo 120000 00 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due and accrued on all said bond and mortgage loans Value of lands mortgaged exclusive of build ings and perishable improvements 1340000 Value of buildings mortgaged 24200 00 6 Total value of said mortgaged premises car ried inside 376oo 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 securi ties except mortgages 12 Cash in companys principal office 2841 19 13 Cash belonging to the company deposited in bank Hibernia T S Bank 148473 Carolina 256197 Exchange B T Co 267187 Dime S Bank 204815 Bank of Charleston N B A 520896 total 13975 68 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued on collateral loans and uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 5366 interest on savings bank deposits and other assets 78077 total 17000 00 13500 00 58 38 187735 00 9000 00 16816 87 273 51 1 50 24840 10 834 43 Total assets of the company actual cash market value 270059 79 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 16413 24 COMPTROLLERGENERALS REPORT 71 5 Deduct reinsurance thereon 7797 00 6 Net amount of unpaid losses 7 Gross premiums without any deductions re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 10970933 unearned pre miums fifty per cent 54854 67 8 Gross premiums without any deductions re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 6677076 unearned pre miums pro rata 38156 28 II Total unearned premiums as computed above carried out 19 All other demands against the companyabsolute and con tingent due and to become due admitted and contested viz Commission and brokerage 196534 return pre miums 52 cents reinsurance premiums 209543 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 5 36i6 24 93010 95 4061 77 105688 96 120000 00 44370 83 270059 79 IVINCOME DURING THE YEAR I Gross premiums and bills in course of collec tion at close of last previous year as shown Fire Risks by that years statement 26552 76 3 Net collected 26552 76 4 Gross premiums on risks written and re newed during the year 207883 67 5 Total 234436 43 6 Deduct premiums and bills in course of col lection at this date 24846 10 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 209590 33 67802 59 Cl io II Net cash actually received for premiums carried out 141787 74 Received for interest on bonds and mortgages 1355 21 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 7403 Income received from all other sources omitting increase if72 COMPTROLLERGENERALS REPORT any in value of securities viz Rents 126677 com mission 56791 Ger Amer Sav Bank 819 total 13 Received for increase capital 15 Aggregate amount of income actually received during thi year in cash VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses 77958 52 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 3250 and all amounts actually received for reinsurance in other companies 1926379 total deductions 19296 29 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stock holders 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 72000 repairs 147234 legal expenses 25000 advertising stationery printing express postage telegrams light wa ter fuel maps etc 486278 total Aggregate amount of actual expenditures during the year in cash 1842 87 2200 00 154S88 93 58662 23 7068 00 41349 93 5217 06 7305 12 119602 34 FIDELITY FIRE INSURANCE COMPANY OF NEW YORK Henry Evans President J E Lopez and E L Ballard Secretaries Principal Office 46 Cedar Street New York N Y Chas I Mell Athens Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 11ASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 2504180 00 12 Cash in companys principal office 513 35 COMPTROLLERGENERALS REPORT 73 13 Cash belonging to the company deposited in bank First National Bank 5434780 Central Trust Co 2736474 Am Trust Savings Bank Chicago 1934043 Bank of New York 1355862 Corn Ex Bank 201838 total 11662997 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 126648 9 Total assets of the company actual cash market value 2759367 28 117143 32 ii395 00 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 29245 98 5 Deduct reinsurance thereon US 3 6 Net amount of unpaid losses 29130 68 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 30068076 unearned pre miums fifty per cent 150340 38 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 15052562 unearned pre miums pro rata 128275 72 11 Total unearned premiums as computed above carried out 278616 10 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 7648 47 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 or to become due to agents and brokers 202931 reinsur ance premiums 746771 special reserve for unearned premiums 44119595 total 443972 3 20 Total amount of all liabilities except capital stock and net 759367 28 surplus Dy 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1000000 00 24 Aggregate amount of all liabilities including capital paid up and net surplus 2759367 2874 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR 4 Gross premiums on risks written and re FireRiks newed during the year 4g68o6 g6 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 127048 43 359758 53 41251 22 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 318507 31 25907 92 344415 23 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 2847 and all amounts actually received for reinsurance in other companies 27768 total deductions Fire Risks 23895 66 306 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 23589 51 86237 55 19843 35 7447 73 47041 77 Aggregate amount of actual expenditures during the year in cash t Business in the State of Georgia during the year Fire risks written t Premiums received gross Losses paid Losses incurred 184159 91 384800 00 566l 70 43 10 283 10COMPTROLLERGENERALS REPORT 75 FIRE ASSOCIATION OF PHILADELPHIA PA M G Garrigues Secretary E C Irvin President Principal Office W and 409 Walnut Street Philadelphia Pa W E Chapin Atlanta Attorney for Service in Georgia CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 750000 00 750000 00 431975 00 1469284 99 26071 70 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 691002 interest accrued thereon 1916168 total 4 Value of lands mortgaged exclusive of build ings and perishable improvements i59T930 00 K Value of buildings mortgaged insured for 142536500 as collateral 22i3949 00 6 Total value of said mortgaged premises car ried inside 385879 0 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Total amount loaned on stocks bonds and all other secun ties except mortgageso 12 Cash in companys principal office 3o 34 13 Cash belonging to the company deposited in bank Fidelity Trust Co Philadelphia Pa 12251021 Merchants National Bank Philadelphia Pa H75996i Girard Na tional Bank Philadelphia Pa 9858213 Union National Bank Philadelphia Pa I3537238 American National Bank of SanFrancisco San Francisco Cal 1 total 505843 55 4034316 30 77922 Total cash items Jf iS Interest due and accrued on stocks not included in market value uncollected l6 Interest due and accrued on collateral loans and uncollected I7 Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and 514203 89 24153 45 2114 05 575129 8076 COMPTROLLERGENERALS REPORT accrued 275041 due from other companies for rein surance on losses already paid 1286197 total 16la 3g Total assets of the company actual cash market value 730126156 IIILIABILITIES 1 Losses due and unpaid g6 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses T 207027 28 3 Losses resISted including interest costs and other expenses thereon S3 431 82 4 Total gross amount of claims for losses 7767 q6 5 Deduct reinsurance thereon vi 87 6 Net amount of unpaid losses 11 Total unearned premiums 333 9 4778989 46 20 Total amount of all liabilities except capital stock and net surplus 21 Joint stock capital actually paid up in cash 5090352 55 23 Surplus beyond capital and all other liabilities 4Z 24 Aggregate amount of all liabilities including capital paid up and net surplus 7301261 56 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collec FlreEisks tion at close of last previous year as shown by that years statement g 3 Net collected tg 93 4 Gross premiums on risks written and re newed during the year 5249171 96 5 Total I 7 f r 5784005 89 6 Deduct premiums and bills in course of col lection at this date 575129 80 7 Entire premiums collected during the year 5208876 09 8 Deduct reinsurance and return premiums 1327433 65 0 Net cash actually received for premiums carfrio3 3 881 442 4 10 Receved for interest on bonds and mortgages t 11 Received for interests and dividends on stocks andbonds collateral loans and from all other sources rno 12 Income received from all other sources omitting increase ifCOMPTROLLERGENERALS REPORT 77 any in value of securities viz Rents 2941616 profit and loss 52065 total 29936 81 13 Received for calls on capital 125000000 for increase cap ital 25000000 total 1500000 00 15 Aggregate amount of income actually received during the year in cash 5685685 25 VEXPENDITURES DURING THE YEAR Gross amount actually paid for losses in Fire Risks eluding losses occurring in previous years 4094145 98 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year and alj amounts actually received for reinsurance in other companies 498940 12 3 Net amount paid during the year for losses 3595205 86 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 200000 00 5 Interest paid to scripholders 13032 6 Paid for commissions or brokerage 991961 28 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 424660 39 8 Paid for State national and local taxes in this and other States 99544 97 9 All other payments and expenditures viz Interest paid on borrowed money 10962 57 Aggregate amount of actual expenditures during the year in cash 5335367 07 Business in the State of Georgia during the year Fire risks written 5354174 00 Premiums received gross 83235 37 Losses paid 44099 Losses incurred 50568 27 COMPTROLLERGENERALS REPORT THE FLORIDA HOME FIRE INSURANCE COMPANY OF MARIANNA FLA Jno H Carter President H P Mulkey Secretary Principal Office Marianna Fla Wni A Wright Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 120000 00 15 17 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Cash in companys principal office 1536 64 Cash belonging to the company deposited in bank First Nat Bank Chipley Fla 2 97000 First Nat Bank Marianna Fla 317200 No Ga Trust Co Blue Ridge Ga 1180123 Jno H Carter Co Ma rianna Fla 142100 First Nat Bank Quincey Fla 610000 total 25464 22 Total cash items Interest due and accrued on stocks not included in market value uncollected Cash in hands of agents and in course of transmission net after deducting commission and brokerage return premi ums and return commissions All other assets both real and personal viz Rents due and accrued 10666 home office furniture and fixtures 1 34350 agency supplies on hand 181700 license and taxes advanced for 1907 unearned 186152 total Total assets of the company actual cash market value inLIABILITIES 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 970348 unearned premi ums fifty per cent 8 Gross premiums without any deduction re 4851 74 24000 00 74875 00 27000 86 550 00 8538 47 5128 68 140093 014 COMPTROLLERGENERALS REPORT 79 ceived and receivable upon all unexpired fire risks running more than one year from date of policy 47273 unearned premiums pro rata 395 77 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 Bills for furniture and fixtures not due 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 5247 51 611 71 5859 22 120000 00 14233 79 140093 01 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 10176 21 6 Deduct premiums and bills in course of col lection at this date 10134 27 9 Net cash actually received for premiums carried out 41 94 12 Income received from all other sources omitting increase if any in value of securities viz Rents 134 72 15 Aggregate amount of income actually received during the year in cash 176 66 VEXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses fire 1 95 6 Paid for commissions or brokerage I791 50 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 1891 25 8 Paid for State national and local taxes in this and other States 1861 52 9 All other payments and expenditures viz Furniture and fixtures 134350 agency supplies 181700 total 316050 Aggregate amount of actual expenditures during the year in cash 8706 7280 COMPTROLLERGENERALS REPORT FIREMENS FIRE INSURANCE COMPANY OF NEWARK N J Daniel H Dunham President A H Hassinger 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 11ASSETS 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 1929925 00 3 Interest due on all said bond and mortgage loans 203150 interest accrued thereon 2359832 total 25629 82 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1108600 00 12 Cash in companys principal office 3735 46 13 Cash belonging to the company deposited in bank National Newark Banking Co 36286 49 Total cash items 40021 95 17 Cash in hands of agents and in course of transmission 176997 89 All other assets both real and personal viz Rents due and accrued 19300 due from other companies for re insurance on losses already paid Concordia 7359 Pruss Natl 28500 Caledonia 57000 West Under writers 625 Queen 2126 German of Peoria 1220 Munich Reinsurance Co 22020 Camden 1000 total 1676 50 Total assets of the company actual cash market value 4394068 78 IIILIABILITIES 1 Losses due and unpaid 30825 84 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 93523 57 3 Losses resisted including interest costs and other expenses thereon 8817 25 4 Total gross amount of claims for losses 133166 66 5 Deduct reinsurance thereon 3728 58 6 Net amount of unpaid losses 129438 08COMPTROLLERGENERALS REPORT 81 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from dite of policy 103826755 unearned premi ums fifty per cent 519133 77 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 144447952 unearned pre miums pro rata 822430 17 II Total unearned premiums as computed above carried out 1341563 94 20 Total amount of all liabilities except capital stock and net 1 J47I002 02 surplus T 21 Joint stock capital actually paid up in cash I a 23 Surplus beyond capital and all other liabilities 1923066 76 24 Aggregate amount of all liabilities including capital paid up and net surplus 4394o68 78 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collec tion at close of last previous year as shown bythat years statement 205622 71 3 Net collected 205622 71 4 Gross premiums on risks written and re newed during the year 2011134 74 5 Total 2216757 45 6 Deduct premiums and bills in course of col lection at this date 28877 6l 7 Entire premiums collected during the year 1928577 84 8 Deduct reinsurance and return premiums 316825 52 9 Net cash actually received for premiums carried out I67S4 32 10 Received for interest on bonds and mortgages 84218 16 II Received for interests and dividends on stock and bonds collateral loans and from all other sources 94752 55 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1182547 inter est on deposits 70463 rights to subscribers to N Y N J Tel Co stock sold 300 total I2533 I0 15 Aggregate amount of income actually received during the J B5 1803258 13 year in cash 6 in82 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR r Fire Risks 1 Gross amount actually paid for losses in cluding 6476649 losses occurring in pre vious years 586285 60 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 256152 and all amounts actually received for reinsurance in other companies 5193215 total deductions 54493 67 3 Net amount paid during the year for losses 531791 93 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 150000 00 5 Scrip or certificates of profit redeemed in cash and interest paid to scripholders 17 2 6 Paid for commissions or brokerage 413766 57 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 47350 00 8 Paid for State national and local taxes in this and other 4fateS 4226941 9 All other payments and expenditures viz Agency expenses 4104053 adjustment expenses 1523035 general ex penses 1592005 real estate repairs and expenses 1 total 7417622 Aggregate amount of actual expenditures during the yearinCash 125937138 Business in the State of Georgia during the year Fire risks written T 514950 00 I remiums received gross fi Losses paid Losses incurred 1754 86 FIREMANS FUND INSURANCE COMPANY OF SAN FRANCISCO CALIFORNIA William 1 Dutton PrrMnt t nr j n rresiaent Louis Weinmann Secretary Principal Office 401 California Street Edgar S Wilson Macon Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash J 100000000 p 1000000 00COMPTROLLERGENERALS REPORT 83 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2648250 2 Loans on bond and mortgage duly recorded and being first liens on fee simple 18000 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 3600000 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 101939000 13 Cash belonging to the company deposited in bank 1305801 46 All other assets both real and personal viz Estimat ed further amount to be collected on assessment 345775 advances on marine losses 167532 amounts advanced to stockholders on their assess ment secured by stock of Firemens Fund Insurance corporation at not exceeding face value 555 12532 total 892575 64 Total assets of the company actual cash market value 3270574 28 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all report ed and supposed losses 7288733 3 Losses resisted including interest costs and other expenses thereon i37 4 Total gross amount of claims for losses 741943 3 5 Deduct reinsurance thereon 34478o 92 6 Net amount of unpaid losses 397i62 38 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Amount set aside to cover contin gent liability under agreement with policy claim ants Stock orders issued to loss claimants 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 500000 00 860681 14 1757843 52 1000000 00 512730 76 327 574 2884 COMPTROLLERGENERALS REPORT i Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement IVINCOME DURING THE YEAR Fire Risks Marine and Inland Risks 70418 59 91527 54 3 Net collected 70418859 9152754 4 Gross premiums on risks written and renewed during the year 1679579 48 546993 06 7 Entire premiums collected during the year 2 383768 07 638520 60 8 Deduct reinsurance and return premiums 575455 51 29179533 9 Net cash actually received for premiums carried out 180831256 346725275215503783 10 Received for interest on bonds and mortgages 6368 25 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 134748 57 12 Income received from all other sources omitting increase if any in value of securities viz Rents 867695 22609 19 Profit on sale of real estate and bonds and stocks 35356315 premium on sale of companys stock 340499674 assessment collected 165422500 541278489 15 Aggregate amount of income actually received during the year in cash 773154873 vExpenditures during the year Fire Risks Gross amount actually paid for losses includ ing 49051973 losses occurring in previous years 9054227 98 Deduct all amounts ac tually received for sal vages whether on loss es of the last or of previous year 44 24793 and all amounts actually received for Marine and Inland Risks 591810 17COMPTROLLERGENERALS REPORT 85 reinsurance in other companies 268608667 total deductions 2423032 21 307302 39 3 Net amount paid during the year for losses 6631195 77 284507 78 6915703 55 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 40000 00 6 Paid for commissions or brokerage 261364 06 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 120478 09 8 Paid for State national and local taxes in this and other States 75459 16 9 All other payments and expenditures viz Advertis ings 2262426 legal expenses 318650 profit and loss 6828761 miscellaneous 9391210 18801047 Amount paid for reinsurance of outstanding risks with Firemens Fund Insurance Corporation May 22 1906 2481730 00 Aggregate amount of actual expenditures during the year in cash 10084845 33 FIREMENS FUND INSURANCE CORPORATION OF SAN FRANCISCO CALIFORNIA William J Dutton President Louis Weinmann Secretary Principal Office 401 California Street 1capital 1 Whole amount of capital stock 800000 00 IIASSETS i Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mort gage loans total 141881 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 430 000 Q 550000 00 230600 0086 COMPTROLLERGENERALS REPORT 5 Value of buildings mortgaged insured for 4885000 as collateral 94000 00 6 Total value of said mortgaged premises carried inside 524000 00 7 Amount of other loans Ij2350 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2083891 00 11 Total amount loaned on stocks bonds and all other securities except mortgages 132350 00 2 Cash in campanys principal office 10163 65 13 Cash belonging to company deposited in bank CrockerWoolworth bank San Francisco 15973739 National Park Bank New York 21738495 Corn Exchange Bank Chicago 35 06462 Shawmut National Bank Bos ton 1768866 Exchange Bank Ma con Ga 774682 First National Bank Albuquerque New Mexico 1000000 total 447622 44 Total cash items 457786 09 15 Interest due and accrued on stocks not included in market value uncollected 141881 16 Interest due and accrued on collateral loans and un collected M 59 17 Cash in hands of agents and in course of transmis sion 727709 19 18 Bills receivable not matured taken for fire marine and inland risks 33637 65 All other assets both real and personal viz Due from other companies for reinsurance on losses al ready paid 1154102 due in open account 17291 U7I3 93 Total assets of the company actual cash market value 423021756 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 336444 78 3 Losses resisted including interest costs and other expenses thereon 425000 4 Total gross amount of claims for losses 340694 78 5 Deduct reinsurance thereon 108521 21 6 Net amount of unpaid losses 232173 57COMPTROLLERGENERALS REPORT 87 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 1870 03906 unearned premiums fifty Per cent 9350IQ S3 7 Gross premiums without any deduc tion received and receivable upon all unexpired fire risks running more than one year from date of policy 278520229 unearned premiums pro rata 1406412 58 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unex pired time risks 38887022 60 per cent 233322 13 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 26852 51 11 Total unearned premiums as computed above carried out 2601606 75 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commissions brokerage and other charges due or to become due to agents and brokers 90263 57 20 Total amount of all liabilities except capital stock and net surplus 292404389 21 Joint stock capital actually paid up in cash 800000 00 23 Surplus beyond capital and all other liabilities 506173 67 24 Aggregate amount of all liabilities including capital paid up and net surplus 423021756 IVINCOME DURING THE YEAR Marine and Fire Risks Inland Risks 4 Gross premiums on risks written and renewed during the year 4548250 64 1317551 02 6 Deduct premiums and bills in course of col lection at this date 598466 23 129243 26 7 Entire premiums collect ed during the year 394978441 118830776 8 Deduct reinsurance and return premiums 661404 00 517513 II88 COMPTROLLERGENERALS REPORT 9 Net cash actually receiv ed for premiums car ried out 328838041 67079465 3959175 06 10 Received for interest on bonds and mortgages 5372 42 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 38178 21 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 402875 amount paid in on account of surplus by subscribers to capital stock 28970000 profit and loss 2344 29375219 14 Aggregate amount of income received during the year in cash 4296477 88 vEXPENDITURES DURING THE YEAR Marine and i Gross amount actually Fire inland paid for losses 76273230 55670834 2 Deduct all amounts ac tually received for sal vages whether on losses of the last or of previous year 84762 33 and all amounts actually received for re insurance in other com panies 3034847 total deductions 38824640 122207 83 266038 57 3 Net amount paid during the year for losses 64052447 29066977 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 enpenditures viz Rents 400000 profit and loss 8167 miscellaneous ex penses 20349403 total Aggregate amount of actual expenditures during the year in cash 931194 24 235166 42 216174 95 49950 90 207575 70 1640062 21 Business in the Slate of Georgia during the yeai Marine and Fire Risks written 869120215 Premiums received gross 11648692 Losses paid 67694 20 Losses incurred 76129 94 Inland Aggregate 0070 00 8741272 15 1276 22 117763 14 41 31 67735 51 41 31 76171 25 COMPTROLLERGENERALS REPORT 89 GEORGIA HOME EIRE INSURANCE COMPANY OE COLUM BUS GEORGIA Wm C Coart Secretary Rhodes Browne President Principal Office 1046 Broad Street W P Pattillo Atlanta Attorney for Service in Georgia ICAPITAL 300000 00 1 Whole amount of capital stock30000ooo 2 Amount paid up in cash IIASSETS I Market value of real estate owned JJ0 I27000 00 less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first Hens on the fee simple A Value of lands mortgaged exclusive ot 4 buildings and perishable improve ments s Value of buildings mortgaged insured for 1985320 as collateral 6 Total value of said mortgaged prem ises carried inside 46900000 JIlrlnrvllueof stocks andndso absolutely by the company carried out at market n Tot mount loaned on Stocks bonds and all other securities except mortgages 12 Cash in companys principal office 4o3 13 Cash belonging to the company de 3 posited in in Mechanics Nat Bank New York 186727 National Bank of Columbus 3i336i6 Home Sav ings Bank 6294923 totalJ25J9 100190 83 A1fXrSboliri peol viz Open ledger accounts Total assets of the company actual cash market value v 90 COMPTROLLERGENERALS REPORT 2 Gross inLIABILITIES losses in process of adjustment or m suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4i86i 56 1100 00 4 Total gross amount of claims for losses i 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduc tion received and receivable upon all unexpred fire risks running one year or less from date of policy 40361429 unearned premiums ntty per cent 8 Gross premiums withoutany deduction received and receivable upon all un 42961 56 6783 93 expired fire risks running more than one year from date of policy 427 144Si unearned premiums pro rata 201807 14 245130 14 II Totalunearned premiums as computed avTd 15 Dividends deckrecf and remainingunpaidor uncalled 18 Amount of borrowed money I9 AcontentmHndS T abSlute Z ff lUe adt0 beC d admitted and contested viz R einsurance premiums 36177 63 446937 28 180 00 50904 84 851 37 Tod nrzui 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 capital 3 IVINCOME DURING THE YEAR 1 Gross premiums in course of collec tion at close of last previous year as shown by that years statement 535051 12 000 00 458 04 1117509 16 Fire Risks 82805 95 3 Net collected 4 Gross premiums on risks written and renewed during the year 5 Total 82805 95 818735 95 901541 90COMPTROLLERGENERALS REPORT 91 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums year 8 Deduct reinsurance miums the collected dunn and return pre 106585 22 794956 68 250609 32 9 Net cash actually received for premiums carrie out It Received for interest on bonds and mortgages I Received for interests and dividends on stocks and bonds collateral loans and from all other sources la Income received from all other sources omitting in crease if any in value of securities viz Rents 15 Aggregate amount of income actually received dur ing the year in cash VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses Fire including 2552878 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for rein surance in other companies 354364 total deductions 544347 36 14567 04 22348 81 4850 58 586113 79 291119 71 60965 it 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paidfor 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 Adver tising and stationery 1128481 legal expenses 48249 open ledger accounts 218345 total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 230154 53 30000 00 H3957 41 95210 04 32088 01 13 950 75 5i536o 74 4986540 00 80099 96 30603 80 33994 24 92 COMPTROLLERGENERALS REPORT GIRARD FIRE AND MARINE INSURANCE COMPANY OF PHILADELPHIA PA Henry M Gratz President w r Edwin F Merrill Secretary Principal Office 633 Chestnut Street Philadelphia Pa Jno A Whitner Atlanta Attorney for Service in Georgia ICAPITA 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 3 2 Loans on bond and mortgage duly recorded andbeing first hens on the fee simple 3 Interest accrued on all said bond and mortgageloans 9 lotal par and market value of stocks and bonds owned ab solutely by the company carried out at market value 11 lotal amount loaned on stocks bonds and all othe ties except mortgages 12 Cash in companys principal office 13 Cash belonging to the company deposited hi bank American Trust Co Chicago 111 919445 Philadelphia Nat Bank 105 75290 The Land Title Trust Co Phil adelphia 1410638 total I290j3 73 ler secun H43I5 70 Total cash items 15 Interest due and accrued on stocksnotincludedin market value uncollected 16 Interest due and accrued on collateral loans and uncollected 18 Bills receivable not matured taken for fire marine and in land risks All other assets both real and personal viz Agents bal ances less than ninety days old 10619719 perpetual re insurance pohces in force 402210 perpetual policies of insurance on companys property 156824 total Total assets of the company actual cash market value IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup 2775o 00 365700 00 4832 69 1238477 00 74280 00 243369 43 14592 53 914 57 5746 74 1787 53 2338450 49 posed losses 111169 00COMPTROLLERGENERALS REPORT 93 3 Losses resisted including interest costs and other expenses thereon 4500 00 4 Total gross amount of claims for losses 115669 00 5 Deduct reinsurance thereon 3M96 00 6 Net amount of unpaid losses 84173 00 7 Gross premiums without any deduction received and re ceivable upon all unexpired fire risks running one year or less from date of policy 37339790 unearned premiums fifty per cent l86698 95 8 Gross premiums without any deduction received and re ceivable upon all unexpired fire risks running more than one year from date of policy 84938256 unearned pre miums pro rata 466066 82 11 Reserve on perpetual policies 635658 25 20 Total amount of all liabilities except capital stock and net surplus 1372597 02 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 465853 47 24 Aggregate amount of all liabilities including capital paid up and net surplus 2338450 49 IVINCOME DURING THE YEAR Fire 4 Gross premiums on risks written and re newed during the year 988992 68 8 Deduct reinsurance and return premiums 286541 71 9 10 11 13 14 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 Collateral loans 588940 stocks and bonds 4907019 total Income received from all other sources omitting increase if any in value of securities viz Bank interest 164129 rents 1588502 total Received for calls on surplus 40000000 for increase capi tal 20000000 total Assignment on perpetual policies 127750 perpetual pre miums 4564665 gain maturity ledger assets 193055 702450 97 21797 30 54959 59 17526 31 600000 00 48854 70 15 Aggregate amount of income actually received during the year in cash 1445588 87 94 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR Fire 1 Gross amount actually paid for losses in cluding 2408291 losses occurring in pre vious years 1187652 61 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 220600 and all amounts actually received for reinsurance in other companies 23890530 total deductions 241111 30 3 Net amount paid during the year for losses 946541 31 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 60000 00 6 Paid for commissions or brokerage 193653 66 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 49283 91 8 Paid for State national and local taxes in this and other States 21867 86 9 All other payments and expenditures viz Rent 680000 real estate taxes and repairs 779982 loss maturity led ger assets 126357 postage 533883 advertising 1 07645 traveling expenses 1691088 printing supplies 561249 maps 360799 tariff associations 628273 furniture and fixtures 41938 miscellaneous expenses 273005 perpetual return premiums 3695612 total 94798 31 Aggregate amount of actual expenditures during the year in cash 1366145 05 GERMAN ALLIANCE FIRE INSURANCE COMPANY OF NEW YORK William N Kremer President Charles G Smith Secretary Principal Office Cor Liberty and Nassau Streets New York W L Reynolds Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 400000 00 400000 00 11ASSETS 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 34000 00 283 00COMPTROLLERGENERALS REPORT 95 4 Value of lands mortgaged exclusive of build ings and perishable improvements 2150000 4 Value of buildings mortgaged insured for 3400000 as collateral 33500 00 6 Total value of said mortgaged premises car ried inside S5000 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 60 00 13 Cash belonging to the company deposited in bank Citizens Central National Bank 46516 41 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 1161932 00 46576 41 3502 00 147416 41 Total assets of the company actual cash market value 1393709 82 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 90453 S3 6 Net amount of unpaid losses 90453 53 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 41639514 unearned pre miums fifty per cent 208197 57 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fife risks running more than one year from date of policy 34922102 unearned pre miums pro rata 192119 73 11 Total unearned premiums as computed above carried out 400317 30 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 43522 01 20 Total amount of all liabilities except capital stock and net surplus 534292 84 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 459416 98 24 Aggregate amount of all liabilities including capital paid up and net surplus 1393709 8296 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 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date Fire Risks 123593 56 693738 79 817332 35 147416 41 7 Entire premiums collected during the year 669915 94 8 Deduct reinsurance and return premiums 133298 48 9 Net cash actually received for premiums carried outS 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 Profit on sale or ma turity of ledger assets 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAS 53661 46 1565 43 50686 28 38950 95 627820 12 1 Gross amount actually paid for losses in cluding 6195789 losses occurring in pre vious years 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year Fire Risks 485502 48 6131 6l 3 Net amount paid during the year for losses 479370 87 4 Cash dividends actually paid stockholders amount of stock holders 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 Miscellaneous expenses Aggregate amount of actual expenditures during the year in cash 48000 00 147264 77 2720 76 12456 95 2375 00 692188 35COMPTROLLERGENERALS REPORT 97 Business in the State of Georgia during the year Fire risks written 1388715 00 Premiums received gross 26857 93 Losses paid 25933 58 Losses incurred 27048 58 GERMAN AMERICAN FIRE INSURANCE COMPANY OF NEW YORK CITY William N Kremer President Charles G Smith Secretary Principal Office 58 Liberty Street New York W L Reynolds Atlanta Atorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1500000 00 2 Amount paid up in cash 1500000 00 IASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 564848 50 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 239000 00 3 Interest accrued on all said bond and mortgage loans 332i 00 4 Value of lands mortgaged exclusive of build ings and perishable improvements 126000 00 5 Value of buildings mortgaged insured for 24200000 as collateral 254000 00 6 Total value of said mortgaged premises car ried inside 380000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 11128049 00 12 Cash in companys principal office 30746 82 13 Cash belonging to the company deposited in bank National Bank of Commerce of New York 26131907 GermanAmerican Bank of New York 1832961 National City Bank of New York 528962 Dominion Bank Toronto Canada 1812308 New York Trust Co of New York 12639412 Title Guarantee and Trust Co of New York 17624036 Bank of Metropolis of New York 30443 Peoples Trust Co of Brooklyn 405452 Corn Exchange Na 7 in 98 COMPTROLLERGENERALS REPORT tional Bank of Chicago 14477 American Trust Savings Bank of Chicago 64580 93 Seaboard Bank of San Francisco 15 59741 Bankers Trust Co of Oakland Cal 749064 total 697868 56 Total cash items 728615 38 15 Interest due and accrued on stocks not included in market value uncollected 39105 00 17 Cash in hands of agents and in course of transmission 1034809 96 All other assets both real and personal viz Interest ac crued on bank balances 8714 36 Total assets of the company actual cash market value 13746463 20 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 894026 00 3 Losses resisted including interest costs and other expenses thereon 67490 00 4 Total gross amount of claims for losses 961516 00 5 Deduct reinsurance thereon 294714 80 6 Net amount of unpaid losses 666801 20 7 Gross premiums without any deduction re ceived and receivable upon all unexpired lire risks running one year or less from date of policy 451754938 unearned pre miums fifty per cent 2258774 69 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 687417876 unearned pre miums pro rata 3777433 34 II Total unearned premiums as computed above carried out 6036208 03 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 24438 46 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums 485094 reinsurance premiums 38373810 total 388589 04 20 Total amount of all liabilities except capital stock and net surplus 7116036 73COMPTROLLERGENERALS REPORT 99 21 Joint stock capital actually paid up in cash 1500000 00 23 Surplus beyond capital and all other liabilities 5130426 47 24 Aggregate amount of all liabilities including capital paid up and net surplus 13746463 20 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 1109358 38 4 Gross premiums on risks written and re newed during the year 10036695 40 5 Total 11146053 78 6 Deduct premiums and bills in course of col lection at this date 1339891 22 7 Entire premiums collected during the year 9806162 56 8 Deduct reinsurance and return premiums 3639542 89 9 Net cash actually received for premiums carried out 6166619 67 10 Received for interest on bonds and mortgages 9736 42 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 573867 13 12 Income received from all other sources omitting increase if any in value of securities viz Rents 193409 profit on sale or maturity of ledger assets during the year over book values 42051196 total 422446 5 is Aeeregate amount of income actually received during the D 7172669 27 year in cash s VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 69085730 losses occurring in pre vious years 7237193 93 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 2721576 and all amounts actually received for reinsurance in other companies 234926174 total deductions 2376477 SO 3 Net amount paid during the year for losses 4860716 43 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 4S 6 Paid for commissions or brokerage 1097698 32 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 284073 42100 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 191684 34 9 All other payments and expenditures viz Rents stationery and printing legal expenses repairs and expenses on real estate furniture and fixtures postage telegrams tele phone survey maps etc 575736 64 Aggregate amount of actual expenditures during the year in cash 7459909 15 Business in the State of Georgia during the year Fire risks written 11791679 00 Premiums received gross 114925 35 Losses paid 45788 25 Losses incurred 50509 25 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK Hugo Schumann President Gustav Kehr Secretary Principal Office 62 William Street New York S C Williams Attorney for Service in Georgia ICAPITAL STOCK 1 Whole amount of capital stock 100000 00 2 Amount paid up in cash 100000 00 11ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 677000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 277000 00 3 Interest due and accrued on all said bond and mortgage loans 6580 00 4 Value of lands mortgaged exclusive of build ings and perishable improvements 18100000 5 Value of buildings mortgaged insured for 25250000 as collateral 294500 00 6 Total value of said mortgaged premises car ried side 475500 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3516229 50 12 Cash in companys principal office 16858 87 13 Cash belonging to the company deposited in bank National Park Bank New York COMPTROLLERGENERALS REPORT 101 14471413 GermanAmerican Bank New York 8367434 First Natl Bank of Illi nois Chicago 4279186 total 271180 33 Total cash items 288039 20 17 Cash in hands of agents and in course of transmission 390975 67 All other assets both real and personal viz Rents due and accrued 50000 cash in hands of department man agers 2598340 26483 40 Total 5182307 n Less balances over three months due 4236 55 Total assets of the company actual cash market value 5178071 22 IIILIABILITIES 1 Losses due and unpaid 148173 70 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 140421 27 3 Losses resisted including interest costs and other expenses thereon 18297 00 4 Total gross amount of claims for losses 306891 97 5 Deduct reinsurance thereon 227819 42 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired tire risks running one year or less from date of policy 155013385 unearned pre miums fifty per cent 775o66 92 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 410998741 unearned pre miums pro rata 2194844 82 II 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 Unpaid commissions 585948 due reinsurance companies 1596968 79072 55 2969911 74 21829 16 20 Total amount of all liabilities except capital stock and net surplus 3070813 45102 COMPTROLLERGENERALS REPORT 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 1000000 00 1107257 J7 24 Aggregate amount of all liabilities including capital paid up and net surplus SI78071 22 IVINCOME DURING THE YSAR Fire Risks I Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 387143 22 3 Net collected 387143 22 4 Gross premiums on risks written and re newed during the year 3610536 17 5 Total 3997679 39 6 Deduct premiums and bills in course of col lection at this date 390975 67 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 3606703 72 844697 85 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 2711781 profit on sale of securities 1346957 from reinsurance com panies 1596968 total 2762005 87 13619 50 222968 19 S57 06 15 Aggregate amount of income actually received during the year in cash 305515 62 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 12439936 losses occurring in pre vious years 4381731 54 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 723554 and all amounts actually received for reinsurance in other companies 110454818 total deductions 1111783 72 3 Net amount paid during the year for losses 3269947 8 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 150000 00 6 Paid for commissions or brokerage 705251 30 COMPTROLLERGENERALS REPORT 10c 7 Paid for salaries fees and other charges of officers clerks agents and all other employees I765I3 20 8 Paid for State national and local taxes in this and other States 94131 84 9 All other payments and expenditures viz Rents 11835 17 repairs and expenses on real estate 1867420 profit and loss account items 4317025 advertising agency and office expenses board expenses fire patrol postage printing stationery surveys legal and traveling expenses 12005982 total 193739 44 Aggregate amount of actual expenditures during the year in cash 4589583 6 Business in the State of Georgia during the year Fire risks written 3847473 00 Premiums received gross 60335 94 Losses paid 17876 95 Losses incurred 21757 95 GLENS FALLS FIRE INSURANCE CO OF GLENS FALLS N Y 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 5 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 073 3 Interest due on all said bond and mortgage loans 173657 interest accrued thereon i337121 total 3 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 2679 11 Total amount loaned on stocks bonds and all other securi ties except mortgages 3 12 Cash in companys office and in bank 347 15 Interest due and accrued on stocks not included in market value uncollected 495 23 136 06 073 69 125 00 700 00 829 23 624 88104 COMPTROLLERGENERALS REPORT 17 Cash in hands of agents and in course of transmission 203077 22 18 Bills receivable not matured taken for real estate sold 400 00 Total 3965387 62 Less contingent depreciation on maturity loans 20000 00 Total assets of the company actual cash market value 395387 62 IIILIABILITIES 4 Total gross amount of claims for losses 137176 18 5 Deduct reinsurance thereon 17345 22 6 Net amount of unpaid losses 119830 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy unearned premiums fifty per cent 421372 6 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy unearned premiums pro rata 1298130 15 11 Total unearned premiums as computed above carried out 1719502 76 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 20000 00 20 Total amount of all liabilities except capital stock and net surplus 1859333 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 200000 00 1886053 90 24 Aggregate amount of all liabilities including capital paid up and net surplus 3945387 62 IVINCOME DURING THE YEAR 4 Gross premiums on risks written and re Fire Risks newed during the year 2157731 76 X Deduct reinsurance and return premiums 464071 54 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 rents 1693660 22 44268 84 164056 33 2644 45 15 Aggregate amount of income actually received during the year in cash 1904629 84COMPTROLLERGENERALS REPORT 105 vExpenditures during the year Fire Risks 1 Gross amount actually paid for losses 2214789 99 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 31139 and all amounts actually received for reinsurance in other companies 60691732 total deductions 607228 71 3 Net amount paid during the year for losses 1607561 28 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 180000 00 6 Paid for commissions or brokerage 361647 25 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 155710 06 8 Paid for State national and local taxes in this and other States 57158 34 9 All other payments and expenditures viz Stationery ad vertising traveling office etc 103374 96 Aggregate amount of actual expenditures during the year in cash 2465451 89 Business in the Slate of Georgia during the year 1 ire risks written 4038445 00 Premiums received gross 3755 75 Losses paid 10641 80 Losses incurred 9746 00 GLOBE AND RUTGERS FIRE INSURANCE COMPANY OF NEW YORK CITY E C Jameson President Lyman Candee Secretary Principal Office 7678 William Street New York City James L Rile 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 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 47200 00 3 Interest due on all said bond and mortgage loans 915 81106 COMPTROLLERGENERALS REPORT 6 Total value of mortgaged premises carried inside 9900000 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1023452 50 11 Total amount loaned on stocks bonds and all other securi ties except mortgages 1849641 50 12 Cash in companys principal office 8543 22 13 Cash belonging to the company deposited in bank 160162 92 Total cash items 168706 14 15 Interest due and accrued on stocks and bonds not included in market value uncollected 21029 41 17 Cash in hands of agents and in course of transmission Agents balances prior to October 1 1906 874800 35 All other assets both real and personal 43269 72 Total assets of the company actual cash market value 4101960 43 inliabilities 1 Losses adjusted and not yet due 73976 20 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 277282 60 3 Losses resisted including interest costs and other expenses thereon 46850 00 4 Total gross amount of claims for losses 398108 80 5 Deduct reinsurance thereon 31939 20 6 Net amount of unpaid losses 366169 60 7 Gross premiums without any deductions re ceived and receivable upon all unexpired tire risks running one year or less from date of policy 293135218 unearned pre miums fifty per cent 1465676 09 8 Cross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 68208176 unearned pre miums pro rata 39551766 11 Total unearned premiums as computed above carried out 1861193 75 18 Amount of borrowed money 135000 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions to agents and brokers 81067 52 20 Total amount of all liabilities except capital stock and net surplus 2443430 87COMPTROLLERGENERALS REPORT 107 21 Joint stock capital actually paid in cash 400000 00 23 Surplus beyond capital and all other liabilities 1258329 5 24 Aggregate amount of all liabilities including capital paid up 1 4101960 43 and net surplus f 1VINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 723104 43 3 Net collected 723104 43 4 Gross premiums on risks written and re newed during the year 4126002 43 5 Total 484910686 6 Deduct premiums and bills in course of col lection at this date 874800 35 7 Entire premiums collected during the year 39743o6 51 8 Deduct reinsurance and return premiums 875140 97 9 Net cash actually received for premiums carried out 3099165 54 10 Received for interest on bonds and mortgages 2562 72 II Received for interests and dividends on stocks and bonds collateral loans and from all other sources 109240 30 12 Income received from all other sources omitting increase if any in value of securities viz Rents 525790 profit on sale or maturity of ledger assets 1323000 total 18507 90 13 Received for borrowed money 91000 00 15 Aggregate amount of income actually received during the J bfa 3320476 46 year in cash VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 35T397i6 losses occurring in pre vious years 262034338 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 2332010 and all amounts actually received for reinsurance in other companies 32214486 total deductions 34846496 3 Net amount paid during the year for losses 2271878 42 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commissions or brokerage 57550 93tSr 108 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 73129 88 8 Paid for State national and local taxes in this and other Statcs 53007 54 9 All other payments and expenditures viz Rent for com panys occupancy of its own buildings 490000 loss on sale of bonds 15625 legal expenses 408367 miscel laneous 4384643 total 52986 35 Aggregate amount of actual expenditures during the year in cash 3090509 14 Business in the State of Georgia during the year Fire risks written 200900 00 Premiums received gross 2945 69 HAMBURGBREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY H R Munchmeyer President pro tem S V Dorrien Managing Director Principal Office 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 1400000 00 IfASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1730548 33 1 r Total amount loaned on stocks bonds and all other securi ties except mortgages 409849 8t 13 Cash belonging to the company deposited in bank Bank of America 6o 7l6 Q 17 Cash in hands of agents and in course of transmission 118170 33 Total assets of the company actual cash market value 2319585 44 II rLIABILITIES 1 Losses due and unpaid 3675 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 445145 00COMPTROLLERGENERALS REPORT 109 3 Losses resisted including interest costs and other expenses thereon 100929 00 4 Total gross amount of claims for losses 549749 00 5 Deduct reinsurance thereon 5774 6 Net amount of unpaid losses 491965 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 123071237 unearned pre miums fifty per cent 615356 19 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 152710859 unearned pre miums pro rata 803525 51 II Total unearned premiums as computed above carried out 1418881 70 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Due agents 2709 70 20 Total amount of all liabilities except net surplus 1913556 40 23 Surplus beyond capital and all other liabilities 406029 04 34 Aggregate amount of all liabilities including net surplus 2319585 44 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 2149575 12 8 Deduct reinsurance and return premiums 385906 93 9 Net cash actually received for premiums carried out 1763668 19 II Received for interests and dividends on stocks and bonds collateral loans and from all other sources 73986 62 14 Amount of remittances from home office dur ing the year 2932700 73 15 Aggregate amount of income actually received during the year in cash 1837654 81 VEXPENDITURES DURINC THE YEAR 1 Gross amount actually paid for losses in cluding 6847824 losses occurring in pre vious years 3946055 3i 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 2748036 and all amounts110 COMPTROLLERGENERALS REPORT actually received for reinsurance in other companies 37832994 total deductions 40581030 3 Net amount paid during the year for losses 3540245 01 6 Paid for commissions or brokerage 355214 21 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 189948 46 8 Paid for State national and local taxes in this and other States 5098o 35 9 All other payments and expenditures viz Rents board and patrol expenses printing stationery advertising post age traveling expenses etc 126330 97 10 Amount sent to home office during the year 200955 Aggregate amount of actual expenditures during the year in cash 4262719 00 Business in the Slate of Georgia during the year Fire risks written 1374103 00 Premiums received gross 23843 34 Losses paid l7A97 32 Losses incurred 18032 32 HANOVER FIRE INSURANCE COMPANY OF NEW YORK R Emory Wariicld President Joseph McCord Secretary Principal Office 34 Pine Street F A McCarroll Attorney for Service in Georgia ICAPITAL I Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 liASSETS i Market value of real estate owned by the company less the amount of incumbrances thereon 1129473 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 35O0 00 5 Interest accrued on all said bond and mortgage loans 14 58 4 Value of lands mortgaged exclusive of build ings and perishable improvements 2500 00 5 Value of buildings mortgaged 5000 00 6 Total value of said mortgaged premises car rier inside 7oOO 00 9 Total par and market value 01 scocnS and bonds owned ab solutely by the company carried out at market value 2494762 75COMPTROLLERGENERALS REPORT Ill 12 Cash in companys principal office 8237 72 13 Cash belonging to the company deposited in bank Bank of America 3566315 Ger manAmerican 302654 Seaboard Na tional 19637765 Central Trust Co 9 48670 Guarantee Trust Co Philadelphia 20000 total 244754 04 Total cash items 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 252991 76 333350 37 14334 83 Total assets of the company actual cash market value 4228427 29 IIILIABILITIES 1 Losses due and accrued unpaid 7677 31 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 198927 47 3 Losses resisted including interest costs and other expenses thereon 29916 63 4 Total gross amount of claims for losses 305561 41 5 Deduct reinsurance thereon 37225 19 6 Net amount of unpaid losses 268336 22 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 157166328 unearned pre miums fifty per cent 785831 64 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 230115994 unearned pre miums pro rata 1191718 10 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 due 1341922 return premiums 1 51060 reinsurance premiums 2899872 total 1977549 74 43928 54 20 Total amount of all liabilities except capital stock and net surplus 2289814 50112 COMPTROLLERGENERALS REPORT 21 Joint capital actually paid up in cash 1000000 oo 23 Surplus beyond capital and all other liabilities 938612 79 24 Aggregate amount of all liabilities including capital paid up and net surplus 4228427 29 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 3243042 38 8 Deduct reinsurance and return premiums 840888 79 9 Net cash actually received for premiums carried out 2402153 59 10 Received for interest on bonds ands mortgages 175 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 131705 97 12 Income received from all other sources omitting increase if any in value of securities viz Rents 7328283 profits on sale of securities 55434531 total 128717 36 13 Received for increase capital 500000 for premiums on in creased capital 250000 total 750000 00 15 Aggregate amount of income actually received during the year in cash 3412751 92 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 23828838 losses occurring in pre vious years 2954376 73 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 960022 and all amounts actually received for reinsurance in other companies 38244784 total deductions 39204806 3 Net amount paid during the year for losses 2562328 67 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 40000 00 6 Paid for commissions or brokerage 483982 27 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 185980 71 5 Paid for State national and local taxes in this and other States 737i8 59 9 All other payments and expenditures viz Rents 22689 17 expenses and taxes on real estate 3409688 loss on sale of securities 484076 other expenditures 165 74510 total 227371 91 Aggregate amount of actual expenditures during the year in cash 3573382 15COMPTROLLERGENERALS REPORT 118 iness in the State of Qeorgia during the year Fire risks written 3348103 21 Premiums received gross 37139 43 Losses paid 20791 40 Losses incurred 20822 15 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN George L Chase President P C Royce Secretary Principal Office 125 Trumbull Street Thos Egleston 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 1091187 75 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 616600 00 3 Interest due and accrued on said bond and mortgage loans 7026 99 6 Total value of said mortgaged premises car ried inside 1477400 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 13055344 25 11 Total amount loaned on stocks bonds and all other securi ties except mortgages 1000 03 12 Cash in companys principal office 54433 81 13 Cash belonging to the company deposited in bank Hartford National Bank 15036210 Connecticut Trust and Safe Deposit Com pany 34152119 J P Morgan Co New York 28713327 Imperial Bank Toronto Out 4634163 Northern Trust Company Chicago 4508690 American National Bank Hartford 5055569 An gloCalifornian Bank San Francisco 31 42526 American Exchange National Bank New York 107308 Union Trust Company San Francisco 4442089 U S Mortgage Trust Company New York 1043520 Berkeley National Bank 8 in 114 COMPTROLLERGENERALS REPORT Berkeley Cal 2072443 First National Bank Berkeley Cal 1401034 total 1043089 98 Total cash items 1097523 79 15 Interest accrued on other assets 1421 04 16 Interest accrued on collateral loans and uncollected 9 72 17 Cash in hands of agents and in course of transmission 3087116 04 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 976i3 98 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1051399 98 3 Losses resisted including interest costs and other expenses thereon 66494 00 6 Net amount of unpaid losses 1117893 98 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 1000249891 unearned pre miums fifty per cent 5001249 45 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 1081597033 unearned pre miums pro rata 5945291 18 11 Total unearned premiums as computed above carried out 10946540 63 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 222105 00 18 Amount of borrowed money 1500000 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums 31009600 accrued interest 13829836 total 448394 36 20 Total amount of all liabilities except capital stock and net surplus 14234933 97 21 Joint stock capital actually paid up in cash 2000000 00 23 Surplus beyond capital and all other liabilities 2819909 59 24 Aggregate amount of all liabilities including capital paid up and net surplus 19054843 56COMPTROLLERGENERALS REPORT 115 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 17369095 09 8 Deduct reinsurance and return premiums 3387866 66 9 Net cash actually received for premiums carried out 13981228 43 10 Received for interest on bonds and mortgages 33286 96 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 600373 09 12 Income received from all other sources omitting increase if any in value of securities viz Conscience money 1 07600 borrowed money 315000000 total 315107600 13 Received for increase capital 37SOooo 00 IS Aggregate amount of income actually received during the year in cash 2151596448 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 93575822 losses occurring in pre vious years 16115249 97 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year and all amounts actually re ceived for reinsurance in other companies 2600229 21 3 Net amount paid during the year for losses 13515020 76 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 529200 00 6 Paid for commissions or brokerage 2715121 55 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 774855 21 8 Paid for State national and local taxes in this and other States 336393 29 9 All other payments and expenditures viz Expenses of all kinds 102698005 loans paid 165000000 total 2676980 05 Aggregate amount of actual expenditures during the 65 20547570 87 year in cash s D J Business in the Stale of Georgia during the year 19087425 00 Fnerrsks written 28906487 Premiums received gross Losses paid 116 COMPTROLLERGENERALS REPORT THE HOME INSURANCE COMPANY OF NEW YORK e G Snow President Secretaj 13 Areuah M Burtis Charles L Tyner Principal Office 56 Cedar Street Charles W Phillips Atlanta Attorney for Service in Georgia 1capital 1 Whole amount of capital stock 3000000 00 2 Amount paid up in cash 3000000 00 11ASSETS 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 105300 00 4 Value of lands mortgaged exclusive of build ings and perishable improvements 119300 00 5 Value of buildings mortgaged insured for 11380000 as collateral 119200 00 Total value of said mortgaged premises car ried inside 238500 00 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Cash belonging to the company deposited in bank New York Trust Co New York 3755017 American Ex change National Bank New York 41090667 Hanover National Bank New York 12597386 United States Mortgage and Trust Co New York 20000000 Stand ard Trust Company New York 10000000 Morton Trust Company New York 10000000 Colonial Trust Company New York 10000000 total 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Counter and office premiums uncollected 16965120 00 1074430 70 802368 26 821 52 34721 79 Total assets of the company actual cash market value 20839174 33 IIIliabilities 1 Losses due and unpaid 206765 85 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1423960 81COMPTROLLERGENERALS REPORT n 3 Losses resisted including interest costs and other expenses thereon 74697 58 4 Total gross amount of claims for losses 1700424 24 5 Deduct reinsurance thereon 665048 43 6 Net amount of unpaid losses 1035375 81 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 637846700 unearned pre miums fifty per cent 3189234 00 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 961554400 unearned pre miums pro rata 5127764 00 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 23835900 119180 00 10 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 61773 00 11 Total unearned premiums as computed above carried out 8497951 00 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses Reserve for taxes etc 50000 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions on unpaid premiums 6870714 re insurance premiums 77878499 total 847492 13 20 Total amount of all liabilities except capital stock and net surplus 10430818 94 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liabilities 7408355 39 24 Aggregate amount of all liabilities including capital paid up and net surplus 20839174 33 TO BE ANSWERED BY COMPANIES DOING AN INSTALLMENT BUSINESS Amount of unearned premiums represented by instalment notes being the whole amount of such notes 1549129 24 118 COMPTROLLERGENERALS REPORT IvINCOME DURING THE YEAR I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment H Marine and Inland 213296 42 139279 05 3 Net collected 213296 42 139279 05 4 Gross premiums on risks writ ten and renewed during the year 13923178 75 48877898 5 Total 14136475 17 628058 03 6 Deduct premiums and bills in course of collection at this date 23564403 in596 86 7 Entire premiums collected dur ing the year 13900830 24 516461 17 8 Deduct reinsurance and return premiums 4450866 83 248414 24 9 Net cash actually received for premiums carried out 9449963 41 268046 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 increase if any in value of securities viz Rents 17890372 profit on sale or maturity of ledger assets 26933120 profit and loss and suspense account 3400220 total 9718010 34 4621 21 688593 09 482237 12 15 Aggregate amount of income actually received during the year in cash 10893461 76 EXPENDITURES DURING THE YEAR Fire Gross amount actually paid for losses including 94683890 losses occuring in previous years 8505886 02 Deduct all amounts actually re ceived for salvages whether on losses of the last or of previous year 4990101 and all amounts actually re ceived for reinsurance in Marine and Inland 307765 17COMPTROLLERGENERALS REPORT 119 other companies 2314428 15 total deductions 22io02i 72 153407 44 3 Net amount paid during the year for losses 6294964 30 154357 73 6449322 03 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 600000 00 6 Paid for commissions or brokerage 1799944 29 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 536376 38 8 Paid for State national and local taxes in this and other States 235423 36 9 All other payments and expenditures viz Traveling ex penses 8573409 advertising 4285336 stationery and printing 7381679 postage 5650702 telegrams 9 33491 express 1419819 exchange 1067735 legal expenses 202655 incidentals 29944727 profit and loss account 3650876 repairs and expenses on real estate 3399347 taxes on real estate 2436198 rents 7520868 profit on sale or maturity of ledger assets 2 45356 total 767121 98 Aggregate amount of actual expenditures during the year in cash 10388187 99 Business in the Stale of Georgia during the year Fire risks written 36301346 00 Premiums received gross 199533 10 Losses paid 137209 5T Losses incurred 121594 5 INSURANCE COMPANY OF NORTH AMERICA OF PHILADELPHIA PA Charles Platt President Greville E Fryer Secretary Home Office 232 Walnut Street Philadelphia Pa Edward S Gay Atlanta Attorney for Service in Georgia 1CAPITAL STOCK 1 Amount of capital paid up in cash 300000000 2 Amount of ledger assets as per balance December 31 of previous year 1257683405 4 Extended at 12576834 05120 COMPTROLLERGENERALS REPORT IIINCOME Marine and Fire Inland 5 Gross premiums 7051122 23 2261490 4 6 Deduct reinsurance rebate abatement and return premi ums 140571457 37524911 7 Total premiums other than perpetuals 5645407 66 1886241 8 Deposit premiums written on perpetual risks gross 9 Interest on mortgage loans 10 Interest on collateral loans 11 Interest on bonds and dividends on stocks 12 Interest on deposits 14 Gross rents from companys property includ ing 1000000 for companys own occu pancy 28983 73 4975 70 389352 21 2606 98 28478 00 7531648 95 35837 93 15 Total interest and rents 16 Profit on sale or maturity of ledger assets 36 From all other sources Perpetual permits transfer fees and earned deposits 290624 dividends from bad debts pre viously charged off etc 60966 total 39 Increase in book value 11 Total income 8077439 69 454486 62 51325 29 3515 90 625 00 IIIDISBURSEMENTS 1 Gross amount paid for losses 2 Deduct amount received for salvage 16017111 and for reinsurance in other compa nies 41394708 total Fire 6089887 92 Marine and Inland 1775897 8S 10 11 12 13 14 25 240229 56 333888 63 Net amount paid for losses 5849658 36 1442009 25 7291667 61 Deposit premiums returned 29278 92 Paid stockholders for interest or dividends amount de clared during the year 36000000 360030 00 Commissions or brokerage i55573 57 Salaries fees and all other charges of officers clerks agents and other employees 493180 84 Rents including 1000000 for companys own occupancy 3M33 70 Repairs and expenses other than taxes on real estate 8107 10 Taxes on real estate 6676 55 All other taxes licenses and insurance department fees 150095 04 Loss on sale or maturity of ledger assets 13788 73 All other disbursements Advertising printing and stationCOMPTROLLERGENERALS REPORT 121 ery 5613852 legal expenses 742934 miscellaneous 24224403 total 3058n 89 29 Reduction in book value of sundry investments 3213 69 34 Bad debts charged off 5oo 01 35 Total disbursements 10250187 65 IVLEDGER ASSETS 1 Book value of real estate unincumbered 43756 25 2 Mortgage loans on real estate first liens 53728348 other than first 30000 537583 48 3 Loans secured by pledge of bonds stocks or other collaterals 13400 00 4 Book value of bonds excluding interest 693819500 and stocks 50370000 7441895 00 5 Cash in companys office 316168 deposited in bank Phil adelphia National Bank Philadelphia 11680270 Girard National Bank Philadelphia 12299729 Bank of North America Philadelphia 3658326 Fidelity Trust Com pany Philadelphia 14989979 First National Bank Erie Pa 3385224 Erie Trust Company Erie Pa 2843080 Merchants National Bank New York City 3675797 Bank of Montreal Montreal Canada 38024 30 Bank of Montreal St John N B 184719 Bank of Montreal Halifax N S 1376707 Brown Shipley Co London England 10911072 London and West minster Bank London England 2354815 Bank of Liv erpool Liverpool England 1160148 total 726384 64 6 Agents balances representing business written subsequent to October 1 1906 1206290 76 7 Agents balances representing business written prior to Oc tober 1 1906 7354 25 8 Bills receivable not matured taken for marine and inland risks 33i6i 12 10 Other ledger assets viz Book accounts due company 510 59 11 Total ledger assets 10404086 09 NONLEDGER ASSETS 12 Interest due 88463 and accrued 306362 on mortgages 3948 25 19 Market value of bonds and stocks over book value 244668 00 20 Other nonledger assets viz Reinsurance claims on losses 06162 02 paid 21 Gross assets 10748864 3 DEDUCT ASSETS NOT ADMITTED 25 Agents balances representing business written prior to Oc tober 1 1906 7354 25 3o Total admitted assets 10741510 n 122 COMPTROLLERGENERALS REPORT VLIABILITIES Marine and r Fire Inland 1 Gross losses adjusted and un paid due and to become due 94620 39 2 Gross claims for losses in pro cess of adjustment or in sus pense including all reported and supposed losses 338548 61 407600 00 3 Gross claims for losses resisted 20096 00 4 Total 45326s 00 407600 00 5 Deduct reinsurance due or ac crued 28265 00 70000 00 6 Net amount of unpaid losses and claims 425000 00 337600 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of pol icy 362331704 unearned premiums fif ty per cent 1811658 52 8 Gross premiums received and receivable upon all unexpired fire risks running more than one year from date of policy 550119854 unearned premiums pro rata 2897930 52 9 Gross premiums cash and bills received and receivable upon all unexpired inland navigation and marine risks 100 per cent 337650 85 762600 00 12 Total unearned premiums as computed above 5087239 89 13 Amount reclaimable by the insured on perpetual fire insur ance policies being 90 and 95 per cent of the premium or deposit received 765227 75 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 30966 94 20 Commissions brokerage and other charges due or to become due to agents and brokers 55000 00 21 Reinsurance premiums 1435 32 24 Total amount of all liabilities except capital 6705869 90 25 Capital actually paid up in cash 3000000 00 26 Surplus over all liabilities 1035640 21 27 Surplus as regards policyholders 4035640 21 28 Total liabilities 10741510 11COMPTROLLERGENERALS REPORT 123 Business in the State of Georgia during the year Marine and Fire Inland Aggregate Risks written 6758670 00 26488073 00 33246743 00 Premiums received 122470 73 103948 27 226419 00 Losses paid 6122399 97o56 45 15828044 Losses incurred 77479 27 9Soo6 45 17248s 7 THE JEFFERSON FIRE INSURANCE COMPANY OF PHILADELPHIA Sydney E Hutchinson President Charles B Jennings Secretary Principal Office 325 Walnut Street Philadelphia Robt N Hughes Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans 34000 interest accrued thereon 596491 total Total value of lands and buildings mortgaged insured for 3780000 as collateral car ried inside 88200 00 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Total amount loaned on stocks bonds and all other securi ties except mortgages Cash in companys principal office 2 74 Cash belonging to the company deposited in bank Drexel Co 1865938 Brown Bros Co 776533 total 26424 71 i 69488 71 45J3I 00 936 49 564772 41 25000 00 Total cash items 16 Interest due and accrued on collateral loans and uncollected Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 37567 ground rents 270000 reclaimable on perpetual policies on companys real estate 15000 total 26427 45 9788 96544 67 3225 67 Total assets of the company actual cash market value 831624 28 124 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses unpaid 16l4 g3 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 4o667 47 4 Total amount of claims for losses 42282 10 5 Deduct reinsurance thereon 8655 54 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 39247320 unearned pre miums fifty per cent 196236 60 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 14122016 unearned pre miums pro rata 102270 07 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 424836 2124 18 II Total unearned premiums as computed above carried out Reclaimable by assured on perpetual policies being 9095 per cent of deposits 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 4 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR Firs Risks I Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 14758 28 3 Net collected 14758 28 4 Gross premiums on risks written and re newed during the year 700529 09 5 Total 7IS287 27 6 Deduct premiums and bills in course of col lection at this date 96544 67 33626 56 300630 85 17402 69 401660 10 200000 00 229964 18 831624 28COMPTROLLERGENERALS REPORT 125 7 Entire premiums collected during the year 618742 70 8 Deduct reinsurance and return premiums 167648 15 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 583569 gain sale assets 30825 gain on perpetual policies cancelled 3557 policies and transfers 978 total 13 Received for increase surplusr 15 Aggregate amount of income actually received during the year in cash 554731 61 451094 55 6780 04 15347 60 6509 42 75000 00 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 480859 losses occurring in previ ous years 136636 41 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 13727 and all amounts actually received for reinsurance in other companies 747463 total deductions 761190 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Repairs and taxes real estate 221920 loss on sale of assets 5897 94 advertising printing supplies and miscellaneous 2377731 total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 129024 51 10000 00 174796 23 8870 89 10205 21 31894 45 364791 29 419527 00 5604 44 2730 92 3371 92 126 COMPTROLLERGENERALS REPORT LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF LIVERPOOL ENGLAND Henry W Eaton Resident Manager New York Principal Office in the United States 45 William Street New York City B H Abrams Atlanta Attorney for Service in Georgia ICAPITAL STOCK I Amount of statutory deposit 200000 00 Amount of ledger assets as per balance December 31 of previous year 12105731 63 j 12105731 03 Extended at v J J 11INCOME Gross premiums written or renewed during the year Deduct reinsurance rebate abatement and return premiums Fire Risks 12267393 15 453I538 58 3 Total premiums other than perpetuals 4 Deposit premiums written on perpetual risks gross 5 Interest on mortgage loans 7 Interest on bonds and dividends on stocks 8 Interest from all other sources 9 Gross rents from companys property includ ing 3568253 for companys own occu pancy 7735354 57 2574 V 147115 04 179340 00 18123 91 84644 13 Total interest and rents Profit on sale or maturity of ledger assets Life income 87538 received from home office 37736i753 I various items in suspense 1111354 total 429223 08 3785606 45 Total income 953258 81 IIIDISBURSEMENTS 1 Gross amount paid for losses including 58352236 occurring in previous years 2 1 educt amount received for salvage 44040 17 and for reinsurance in other companies 182636373 9332590 95 1870403 90 3 Net amount paid for losses 7462187 05 4 Deposit premiums returned 26316 36 8 Commissions or brokerage 1325250 5COMPTROLLERGENERALS REPORT 127 9 Salaries fees and all other charges of officers clerks agents and other employees 21 g2 7g 10 Rents including 3568250 for companys own occupancy 60157 56 12 Taxes on real estate x gg I0 13 All other taxes licenses and insurance department fees 183752 77 14 Loss on sale or maturity of ledger assets 12207 29 15 Life expenditure e g2 0 16 Remitted to home office j yet 00 07 17 All other disbursements Advertising 4852001 printing and stationery 3904154 legal expenses 173717 of fice furniture 484573 fire departments 467624 boards of underwriters 8673640 surveys 8068786 travel ing 6732766 postage express and telegrams 3986443 office expenses 6195495 total 435391 99 18 Total disbursements 11 7ig 4g g IVLEDGER ASSETS 1 Book value of real estate unincumbered 1851345 44 2 Mortgage loans on real estate first liens 2962950 00 4 Book value of bonds excluding interest 348009379 and stocks 101810294 4498196 73 5 Cash in companys office 146909 deposited in bank Hanover National Bank of New York 19437660 New York Life Insurance Trust Co New York 43500000 United States Trust Co New York 43500000 Union Trust Co New York 10000000 Farmers Loan and Trust Co New York 10000000 First National Bank Chicago 4545120 Bank of California San Francisco 8484963 Union National Bank Oakland Cal 102696 17 Hibernia Bank and Trust Co New Orleans 2152 62 Commercial Bank and Trust Co New Orleans 1 05791 Whitney Central National Bank New Orleans 92456 American Exchange National Bank New York 2399237 Equitable Trust Co New York 2235314 Porto Rico Bank 91927 total 1550242 56 6 Agents balances representing business written subsequent to October 1 1906 1442330 69 7 Agents balances representing business written prior to Oc tober 1 1906 3445j 63 11 Total ledger assets 12339527 05 NONLEDGER ASSETS 12 Interest due 215000 and accrued 3685157 on mortgages 39001 57 13 Interest accrued on bonds and stocks 43922 50 15 Interest accrued on other assets 188 90 16 Rents accrued on companys property or lease 10000 00 y 128 COMPTROLLERGENERALS REPORT 18 Market value of real estate over book value 20 Other nonledger assets viz Perpetual policy premium 351 84 77 96 21 Gross assets 12433069 82 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business writ ten prior to October I 1906 3446i 63 7 Depreciation from book value of ledger as sets to bring same to market value viz stocks and bonds 62646 73 8 Total 97io8 36 9 Total admitted assets 12335961 46 VLIABILITIES 2 Gross claims for losses in process of adjust ment or in suspense including all reported and supposed losses 1400998 05 3 Gross claims for losses resisted 78927 27 4 Total 1479925 32 5 Deduct reinsurance due or accrued 671885 02 6 Net amount of unpaid losses and claims 808040 30 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of pol icy including interest premiums on perpet ual fire risks 572387819 unearned pre miums fifty per cent 2861939 09 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 683525066 unearned premiums pro rata 3642836 54 12 Total unearned premiums as computed above 6504775 63 13 Amount reclaimable by the insured on perpetual fire insur ance policies being 95 per cent of the premium or deposit received 220822 54 14 Net premium reserve and all other liabilities except capital under the life insurance or any other special department 38186 66 20 Commissions brokerage and other charges due or to become due to agents and brokers 20000 00COMPTROLLERGENERALS REPORT 129 21 Return premiums 6838856 reinsurance premiums 52 09631 120484 87 24 Total amount of all liabilities except capital 7712310 00 27 Surplus as regards policyholders 4623651 46 28 Total liabilities 12335961 46 Business in the State of Georgia during the year Fire risks written 17255974 00 Premiums received 244266 37 Losses paid 128138 03 Losses incurred 161465 72 LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF LIVERPOOL ENGLAND Henry W Eaton President George W Hoyt Secretary Home Office 45 William Street New York City B H Abrams Attorney for Service in Georgia ICAPITAL STOCK I Amount of capital paid up in cash 200000 00 Amount of ledger assets asper balance December 31 of previous year Extended at 611263 41 611263 41 IIINCOME Fire Risks 1 Gross premiums written or renewed during the year 410709 02 2 Deduct reinsurance rebate abatement and return premiums 203847 33 3 Total premiums other than perpetuals 206861 69 7 Interest on bonds and dividends on stocks 16625 00 8 Interest from all other sources 1888 90 10 Total interest and rents 13 Total income 9 id 18515 90 225375 59130 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS Fire Risks 1 Gross amount paid for losses including 5009947 in previous years 179153 46 2 Deduct amount received for salvage 30 59510 and for reinsurance in other com panies 6996161 100556 71 3 Net amount paid for losses 78596 75 5 Paid stockholders for interest or dividends amount de clared during the year 10013 4 8 Commissions or hrokerage 30711 59 9 Salaries fees and all other charges of officers clerks agents and other employees 5279 90 13 All other taxes licenses and insurance department fees 79H 48 14 Loss on sale or maturity of ledger assets 10110 52 15 All other disbursements Advertising 107804 printing and stationery 119887 Board of Underwriters 1220 95 fire departments 16260 surveys 233850 office ex penses etc 22228 postage expenses and telegrams 1 33216 traveling 6700 legal expenses 5800 total 767840 16 Total disbursements 150302 04 IVLEDGER ASSETS 4 Book value of bonds excluding interest 33634421 and stocks 18391597 520260 18 5 Cash deposited in bank 79932 89 6 Agents balances representing business written subsequent to October 1 1906 86143 89 Total ledger assets 686336 96 nonledger assets 13 Jlterest accrued on bonds and stocks 5662 50 21 Gross assets 691999 46 deduct assets not admitted 7 Depreciation from book value of ledger assets to bring same to market value 20028 93 9 Total admitted assets 671970 53 VLIABILITIES 2 Gross claims for losses in process of adjust ment or in suspense including all reported and supposed losses 27250 00 5 Deduct reinsurance due or accrued 8986 00 6 Net amount of unpaid losses and claims 18264 COMPTROLLERGENERALS REPORT 131 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of poli cy including interest premiums on perpet ual fire risks 17492776 unearned pre miums fifty per cent 8746388 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 15925477 unearned premiums pro rata 90744 10 12 Total unearned premiums as computed above 178207 08 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 20 Commissions brokerage and other charges due or to be 75 come due to agents and brokers 21 Return premiums 624131 reinsurance premiums 11 75850 17999 81 24 Total amount of all liabilities except capital 2207170 25 Capital actually paid up in cash 2000000 26 Surplus over all liabilities 24 998 71 27 Surplus as regards policyholders 445 998 74 28 Total liabilities 671970 53 Business in the State of Georgia during the year Fire risks written Premiums received f Losses paid 7A7S J T 1015926 Losses incurred n403 87 LONDON ASSURANCE CORPORATION OF LONDON ENGLAND Charles L Case United States Manager Principal Office in United States 56 Wall Street New York City W F Manry Atlanta Attorney for Service in Georgia ICAPITAL I Whole amount of capital deposit 615000 00132 COMPTROLLERGENERALS REPORT IIASSETS p Total par and market value of stocks and bonds owned absolutely by the company 12 Cash in companys principal office i300 oo 13 Cash belonging to the company depos ited in bank Bank of New York New York City 21096611 United States Mortgage Trust Co New York 12690250 First National Bank New York 2601630 Corn Exchange National Bank Chicago 111 1040961 Wells Fargo Nevada National Bank San Francisco Cal 9500000 Canadian Bank of Com merce San Francisco Cal 6336 Union National Bank Oakland Cal 231394 total 46712 Total cash items 472971 82 m Inteest accrued on bonds not included in market 15 niif 25142 09 value uncollected 17 Cash in hands of agents and in course of transmis sion All other assets both real and personal viz Due from other companies for reinsurance on losses 2875 35 already paid Total assets of the company actual cash market value 303861822 IIILIABILITIES i Losses unpaid not yet due 3106900 2 Gross losses in process of adjustment or in suspense including all report ed and supposed losses 332715 00 3 Losses resisted including interest costs and other expenses thereon 9592 00 4 Total gross amount of claims for losses 373376 00 5 Deduct reinsurance thereon 8817300 Net amount of unpaid losses 28520300 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 126156665 unearned premiums fifty per cent 630783 32 8 Gross premiums without any deduction COMPTROLLERGENERALS REPORT 133 received and receivable upon all un expired fire risks running more than one year from date of policy 1635 67269 unearned premiums pro rata 905998 38 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all un expired inland navigation and ma rine risks 4174961 unearned fifty per cent 20874 81 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 100 per cent 102846 74 11 Total unearned premiums as computed above car ried out 1660503 52 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses ioo 00 19 All other demands against the company absolute and contingent due and to become due and to become due admitted and contested viz Return premiums 3802 reinsurance premiums 4206356 total 42101 58 20 Total amount of all liabilities except capital stock and net surplus 1995307 83 21 Capital deposit 61500000 23 Surplus beyond capital and all other liabilities 428310 39 24 Aggregate amount of all liabilities including capital paid up and net surplus 303861822 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement INCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and renewed during the year 5 Total 6 Deduct premiums and blls in course of col lection at this date Marine and Inland 304697 65 109827 73 2610293 28 939162 74 2914990 93 1048990 47 374875 06 105624 79134 COMPTROLLERGENERALS REPORT 7 Entire premiums collect ed during the year 2540115 87 943 365 68 8 Deduct reinsurance and return premiums 647697 26 548385 88 9 Net cash actually re received for premiums carried out 1892418 61 394979 80 2287398 41 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 100939 99 12 Income received from all other sources omitting in crease if any in value of securities viz Bonds re deemed 10000000 loan redeemed ioooooco 2COoco 00 14 Amount of remittances from home office during the year 4689201 56 15 Aggregate amount of income actually received during the year in cash 7277 599 9 1 Gross amount actually paid for losses includ ing 19787900 losses occurring in previous years 2 Deduct all amounts ac tually received for sal vage whether on losses of the last or of previous year 64465 32 and all actual amounts received for reinsurance in other companies 325237662 total deductions EXPENDITURES DURING THE YEAR Fire Risks Marine and Inland 8256544 21 557 196 64 2930380 51 386461 43 3 Xet amount paid during the year for losses 5326163 70 170735 21 5496898 91 6 Paid for commissions or brokerage 481557 15 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 135098 10 8 Paid for State national and local taxes in this and other States 57oi4 71 9 All other payments and expenditures viz Rents 2026337 advertising printing and stationery 1717429 furniture 153005 miscellaneous 84 54167 total 12350938COMPTROLLERGENERALS REPORT 135 oan 100000 00 Bonds purchased 4gi2 so 10 Amount sent to home office during the year 654219 22 Aggregate amount of actual expenditures during the year in cash 7053209 Q7 Business in the State of Georgia during the year Marine and o Fire Risks Inland Aggregate Fire marine and inland risks ggregaie written 948359 00 28131000 122966900 Premiums received gross 17297 58 424 01 17721 59 Losses Paid 4292 69 4292 69 Losses incurred 925S 69 9255 69 LONDON LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Archibald G Mcllwaine Jr Manager Principal Office in United States No 57 and 59 Williams Street New York City New York Fred W Cole Attorney for Service in Georgia IIASSETS I 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 32849 19 13 Cash belonging to the company de posited in bank 42923516 cash in hand of United States trustee 19 65391 total 448889 07 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Rents due and accrued 29551 due from other companies for 350000 00 2056809 25 481738 26 31060 41 352537 91 931 26136 COMPTROLLERGENERALS REPORT reinsurance on losses already paid 18089346 bal due from other companies 190764 total 183096 61 ances Total assets of the company actual cash market value 3456173 70 3 IIILIABILITIES Losses due and unpaid Gross losses in process of adjustment or in suspense including all reported and supposed losses Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 30631 00 240257 83 25500 00 296388 83 74872 92 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 154189142 unearned premiums fifty per cent 770945 70 8 Gross premmms without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 2407 38827 unearned premiums pro rata 1286162 33 221515 91 11 Total unearned premiums as computed above carried out 205710803 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Return premiums 2510316 re insurance 3960463 less commissions 919740 total 3277 40 555io 39 20 Total amount of all liabilities except net surplus 23374 73 23 Surplus beyond capital and all other liabilities 1118761 97 24 Aggregate amount of all liabilities including net sur plus 3456173 70COMPTROLLERGENERALS REPORT 137 VINCOME DURING THE YEAR Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment Fire Risks 426689 48 Net collected 42668948 Gross premiums on risks written and renewed during the year 3356i86 19 Total 3782875 67 Deduct premiums and bills in course of collection at this date 484 687 39 7 Entire premiums collected during the year 8 Deduct reinsurance and return premi 3298188 28 1063822 87 14 IS Net cash actually received for premiums carried out Received for interest and dividends on stock and bonds collateral loans and from all other sources Amount of remittances from home office during the year 4787 173 91 Aggregate amount of income actually received during the year in cash 2234365 41 96016 14 2330 381 55 VEXPENDITURES DURING THE YEAR Fire Risks I Gross amount actually paid for losses including 10423567 losses occurring in previous years 8506346 03 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1259106 and all amounts actually received for reinsurance in other companies 3 71925440 total deductions 3731845 46 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 1959619 advertising printing and stationery 28 4774500 57 403186 57 160913 84 65 938 93138 COMPTROLLERGENERALS REPORT 62934 furniture and fixtures 126442 miscellane ous expenses 9623077 total 145720 72 Deficit on rent amount 2641 62 10 Amount sent to home office during the year 1587243 47 Aggregate amount of actual expenditures during the year in cash 5552 902 25 Business in the State of Georgia during the year Fire risks written 603069400 Premiums received gross 58084 17 Losses paid 18207 28 Losses incurred 24141 28 LUMBER MUTUAL FIRE INSURANCE COMPANY OF BOSTON MASSACHUSETTS George W Gale President Harry E Stone Secretary Principal Office 141 Milk Street William A Wright Atlanta Attorney for Service in Georgia IIASSETS 2 Loans on bonds and mortgage duly recorded and being first liens on the fee simple 100000 4 Value of lands mortgaged exclusive of building and perishable improvements including water privilege 1000 00 5 Value of buildings mortgaged insured for 1200 as collateral 3400 00 6 Total value of said mortgaged prem ises carried inside 440000 9 Total part and market value of stocks and bonds owned absolutely by the company carried out at P value 17600000 u Total amount loaned on stocks bonds and all other securities except mortgages 5000 00 12 Cash in companys principal office 265 18 13 Cash belonging to the company de posited in bank 103552 06 Total cash items I03gI7 17 Lash in hands of agents and in course of transmis sion Premiums written direct subsequent to OctoberCOMPTROLLERGENERALS REPORT 139 I 1022206 due from agents for premiums sub sequent to October 1 1034640 total 20568 46 All other assets both real and personal viz Bonds deposited with treasurer of Georgia 10000 00 Total assets of the company actual cash market value 296385 70 IIILIABILITIES Gross losses in process of adjustment or in suspense including all reported and supposed losses Losses resisted including interest costs and other expenses thereon 6coo co 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unexpired fire risks running one year or less from date of policy 22203008 un earned 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 114586 for contingent commission 64302 20 Total amount of all liabilities except net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including net sur plus 7oco oo 111016 04 408 71 1788 88 120213 66 176172 04 296385 70 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of icollection at close of last previous year as shown by that years state ment 16691 16 3 Net collected 16691 16 4 Gross premiums on risks written and renewed during the year 257146 64 5 Total 273837 80 6 Deduct premiums and bills in course of collection at this date 20568 46 7 Entire premurrs collected during the year 253269 34140 COMPTROLLERGENERALS REPORT Deduct rebate 34256 and return pre miums 2835389 28696 45 9 Net cash actually received for premiums carried out 10 Received for interest on mortgages 11 Received for interest and dividends on stocks 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 Discount on losses 56885 old accounts 19710 office furni ture 14471 rent 450 salaries 190972 adj in come 48948 total 13 Received for premium on bonds sold 5 Aggregate amount of income actually received during the year in cash 224572 89 72 00 9794 99 3759 86 221 25 238420 99 VEXPENDITURES DURING THE YEAR Fire Risks i Gross amount actually paid for losses including 192242 losses occurring in previous years 66945 98 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year Premium on bonds purchased Interest on bonds purchased Paid for inspection 1277990 unpaid December 31 1905 64098 since paid 114586 unpaid 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 9 All other payments and expenditures viz adjusting 77515 exp post and tels 136301 print and adv 180031 office expenses 184224 surveys and maps 165236 office furniture 156432 legal services 14700 profit and loss 70000 total Aggregate amount of actual expenditures during the year in cash i 66945 98 68116 02 1935 80 217 58 12275 02 19 528 42 14854 37 183873 19 Business in the State of Georgia during tlic year Lire risks written Premiums received gross Losses paid Losses incurred 160700 00 4755 29 65 22 65 22COMPTROLLERGENERALS REPORT 141 LUMBER INSURANCE COMPANY OF NEW YORK G A Mitchell President R H McKelvey Secretary Principal Office 60 Broadway New York Prank B Marsh Atlanta Attorney for Service in Georgia ICAPITAL i Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market 335o02 5 value 12 Cash in companys principal office 000 94 H Cash belonging to the company deposit ed in bank SLSQi 79 Total cash items S2198 73 15 Interest due and accrued on bonds not included in market value uncollected 375 17 Cash in hands of agents and in course of transmis 39912 40 sion All other assets both real and personal viz Due from other companies for reinsurance on losses al ready paid Shawnee Fire Ins Co 49692 due from Lumber Insurers General Agency net premiums 283334 amount to be returned by Insurers Gen eral Agency when reinsurance effected is settled by them 111788 4 448 14 Total assets of the company actual cash market 435871 85 value IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses i543 71 3 Losses resisted including interest costs and other expenses thereon 5ooo 00 4 Total gross amount of claims for losses 20043 71 5 Deduct reinsurance thereon 3X9 37 6 Net amount of unpaid losses 19724 34142 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 138521 81 8 Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 831 04 II Total unearned premiums as computed above carried out 139352 85 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses n43i 94 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 170509 13 200000 00 65362 72 435871 85 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 state ment 3 Net collected 4 Gross premiums on risks written and re newed during the year 21340 21 21340 21 383272 07 5 Total 404612 28 6 Deduct premiums and bills in course of collection at this date 35968 05 7 Entire premiums collected during the year 368 644 23 8 Deduct reinsurance and return pre miums 188269 00 9 Net cash actually received for pre miums carried out 180375 23 I I 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 25 Lacka 12829 67 COMPTROLLERGENERALS REPORT wanna Steel Co bond 100000 25 Natural Food Co bonds 132000 discounts on loss paid 57414 15 Aggregate amount of income actually received during the year in cash 143 2894 J4 196099 04 EXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 376730 losses occurring in previous years 2 Deduct all amounts actually received for reinsurance in other companies 131693 05 55734 32 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash 75958 73 30000 00 43403 14 11165 86 1672 87 250 94 162451 54 MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE R I Henry T Grant President Agnew W Eddy Secretary Principal Office 10 Weybosser Street Providence R I Wm A Wright Atlanta Attorney for Service in Georgia nASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 170970 00 11 Total amount loaned on stocks bonds and all securi ties except mortgages 3gco 00 13 Cash belonging to the company deposited in bank Industrial Trust Co 1587184 Westminster Bank 5000000 total 6587184 15 Interest due and accrued on stocks not included in market value Uncollected 186000144 COMPTROLLERGENERALS REPORT 16 Interest due and accrued on collateral loans and un collected 17 Cash in hands of agents and in course of transmis sion Total assets of the company actual cash market value IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 7 Gross premiums without any deduction received and receivable upon all unexpired fire risks running one year or less from date of policy 22871175 un earned premiums fifty per cent i9 All other demands against the company absolute and contingent due and to become due admitted and contested viz State tax due in April 1907 20 Total amount of all liabilities except net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including net surplus VINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 6107 S3 2 Net collected 6107 53 4 Gross premiums on risks written dur ing the year 245343 5 126 67 4470 96 247099 47 8404 57 114355 87 4574 23 127334 67 119764 80 247099 47 5 Total 2SM5I ll i Deduct premiums and bills in course of collection at this date 4470 96 7 Entire premiums collected during the year 246980 15 8 Deduct reinsurance and return pre miums 16994 56 9 Net cash actually received for premiums carried out 229985 59 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 13586 98 12 Income received from all other sources omitting inCOMPTROLLERGENERALS REPORT 145 crease if any in value of securities viz Profit on sale of stocks 18866 00 15 Aggregate amount of income actually received during the year in cash 262438 57 VEXPENDITURES DURING THE YEAR I Gross amount actually paid for losses including 167922 losses occurring in previous years 25832 62 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 185349 o 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 15016 70 8 Paid for State national and local taxes in this and other States 4507 09 9 All other payments and expenditures viz Rent 135000 office incidental and traveling 674094 8090 94 Aggregate amount of actual expenditures during the year in cash 238796 36 Business in the State of Georgia during the year Fire risks written 1251750 00 Premiums received gross 9236 77 Losses paid 2171 74 Losses incurred 2171 74 MICHIGAN COMMERCIAL INSURANCE COMPANY OF LANSING MICHIGAN Frank A Hooker President A D Baker Secretary Principal Office 118120 W Ottawa Street Lansing Mich Rhodes Brown Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 30000000 2 Amount paid up in cash 300000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrance thereon 7500 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 282562 50 3 Interest due on all said bond and mortgage loans 46100 interest accrued thereon 348300 total 3944 00 JO InV 146 COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 189475 00 5 Value of buildings mortgaged insured for 30952500 as collateral 529350 00 7 Amount of loans 71882500 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market 330621 60 value 12 Cash in companys principal office 3C50 00 13 Cash belonging to the company deposit ed in bank Guardian Trust and Savings Bank Cleveland Ohio 500000 City National Bank Lan sing Mich 7070612 78756 12 15 Interest accrued on bonds not included in market value uncollected 423S 16 Interest due and accrued on bank deposits and un 11 j 59 IO collected All other assets both real and personal viz Agents balances representing business written subsequent to October I 1906 13669567 agents balances representing business written prior to October 1 1906 i99io total I36894 77 Total assets of the company actual cash market value 84502409 DEDUCT ASSETS NOT ADMITTED Agents balances on business written prior to Oc tober I 1906 9 10 Total admitted assets 84482499 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 8192431 3 Losses resisted including interest costs and other expenses thereon 3375 00 4 Total gross amount of claims for losses 8S299 31 5 Deduct reinsurance thereon 23028 67 6 Net amount of unpaid losses 6227064COMPTROLLERGENERALS REPORT 147 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 41634710 unearned premiums fifty per cent 208173 55 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 218 29018 unearned premiums pro rata 168832 22 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 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 377oos 77 4447 19 443723 60 300000 00 101101 39 24 Aggregate amount of all liabilities including capital paid up and net surplus 844824 99 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 41629 13 3 Net collected 41629 13 4 Gross premiums on risks written and renewed during the year 955357 95 5 Total 996987 08 6 Deduct premiums and bills in course of collection at this date 136894 77 7 Entire premiums collected m during the year 860092 31 8 Deduct reinsurance and return pre miums 37i8i7 09 9 Net cash actually received for premiums carried out 488275 22 10 Received for interest on bonds and mortgages 867890148 COMPTROLLERGENERALS REPORT II Received for interests and dividends on stock and bonds collateral loans and from all other sources 12055 67 Profit on bonds sold 4290 co 13 Received for premium on companys stock 7000000 for increase capital 10000000 total 170000 00 15 Aggregate amount of income actually received during the year in cash 683299 79 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 1815189 losses occurring in previous years 244280 68 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1 14468 and all amounts actually received for reinsurance in other companies 109 13962 total deductions 110284 30 3 Net amount paid during the year for losses 133996 38 6 Paid for commissions or brokerage 134896 96 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 40662 63 8 Paid for State national and local taxes in this and other States 19086 68 9 All other payments and expenditures viz Advertis ing 304247 adjusting 306360 maps 447070 printing 954783 freight and express 221441 telephone and telegraph 80356 office supplies 329665 furniture and fixtures 117975 inspection 315442 fire patrol 62461 postage 336515 legal expense 68192 traveling expenses 2158719 mis cellaneous expenses 182258 rent 90000 total 59754 84 10 Premiums on bonds purchased 981 25 Aggregate amount of actual expenditures during the year in cash 389378 74 Business in the State of Georgia during the year Fire risks written 26900 00 Premiums received gross 1 458 45COMPTROLLERGENERALS REPORT 149 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE WISCONSIN William L Jones President Oscar Griebling Secretary Principal Office 442444 City Hall Square E E Paschall Atlanta Attorney for Service in Georgia ICAPITAL I 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 12100000 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 110520228 3 Interest due on all said bond and mortgage loans 259137 interest accrued thereon 1712341 total 19714 78 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 148835200 5 Value of buildings mortgaged insured for 972 29100 as collateral 1304650 00 6 Total value of said mortgaged premises carried inside 2793002 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other securities except mortgages 12 Cash in companys principal office 3416 10 13 Cash belonging to the company de posited in bank First National Bank of Milwaukee Wis 175970 30 1084707 50 35000 00 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued on collateral loans and un collected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Deposit Milwaukee Board of Underwriters 10000 due from reinsurance companies 470234 total 179386 40 9658 33 320 83 199386 71 4802 34 Total 2759179 17150 COMPTROLLERGENERALS REPORT Deduct fund for claimants April 21 1906 15975199 reserve retained for reinsurance companies 95 64622 total Total assets of the company actual cash market value 255398 21 2503780 96 IIILIABILITIES 1 Losses not yet due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 25234 18 54857 76 80091 94 12543 70 396975 05 6 Net amount of unpaid losses 7 Gross premiums without any deduc tion received and receivable upon all unexpired fire risks running one year or less from date of policy 79395 11 unearned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 1953 45692 unearned premiums pro rata 1038970 33 11 Total unearned premiums as computed above carried out 67548 24 1435945 38 20 Total amount of all liabilities except capital stock and net surplus L503493 62 21 Joint stock capital actually paid up in cash 50000000 23 Surplus beyond capital and all other liabilities 500287 34 24 Aggregate amount of all liabilities including capital paid up and net surplus 2503780 96 IVINCOME DURING THE YEAR i Gross premiums and bills in course of collection at close of last previous year as shown by that years state merit Fire Risks 291352 07 3 Net collected 291352 07COMPTROLLERGENERALS REPORT 151 4 Gross premiums on risks written and renewed during the year 1948372 20 5 Total 2239724 27 6 Deduct premiums and bills in course of collection at this date 267842 38 7 Entire premiums collected during the year 197188189 8 Deduct reinsurance and return pre miums 55187809 9 Net cash actually received for premiums carried out 1420003 80 10 Received for interest on bonds and mortgages 114579 74 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 7672 43 12 Income received from all other sources omitting in increase if any in value of securities viz Rents 397000 agents balances heretofore charged off 57734 conscience fund 10000 total 464734 13 Received for increase capital 30000000 at 200 per icent 600000 00 15 Aggregate amount of income actually received during the year in cash 2146903 31 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 9619764 losses occurring in previous years 665176 69 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 535493 and all amounts actually received for reinsurance in other companies 115 64430 total deductions 12099923 3 Net amount paid during the year for losses 544177 46 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 40000 og 6 Paid for commissions or brokerage 367062 90 7 Paid for salaries fees and other charges of officers agents and all other employees 100796 87 8 Paid for State national and local taxes in this and other States 60716 80 9 All other payments and expenditures viz Rents 620825 traveling and adjusting 1897451 adver tising printing and stationery 1641646 legal152 COMPTROLLERGENERALS REPORT 194006 miscellaneous 473968 loss on sales and depreciation of ledger assets 2746358 total 118399 64 10 Transferred to fund for claimants on April 21 1906 in accordance with the safety fund law of the State of Wisconsin 1551648 09 Reserve retained for reinsurance company 96541 79 Aggregate amount of actual expenditures during the year in cash 2879343 55 Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 841863 CO 14652 30 10074 65 6609 44 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONNECTICUT James Nichols President B R Stillman Secretary Principal Office 95 Pearl Street W R Kimbell Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash T000000 00 1 000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 645670 00 5 Value of buildings mortgaged insured for 686450 as collateral 114510000 461328 69 630192 00 6 Total value of said mortgaged premises carried inside 1790770 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4880797 00COMPTROLLERGENERALS REPORT 153 12 Cash in companys principal office 900 68 13 Cash belonging to the company de posited in bank Charter Oak Na tional Bank 31489726 Aetna Na tional Bank 6841 State Bank 992261 total 324882 28 Total cash items 325788 96 17 Cash in hands of agents and in course of transmis sion 778745 89 Total assets of the company actual cash market value 7076 852 54 IIILIABILITIES 1 Losses not due and unpaid 134606 37 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 364272 29 3 Losses resisted including interest costs and other expenses thereon 17830 05 6 Net amount of unpaid losses 516708 71 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 3385 38722 unearned premiums fifty per cent 1692693 61 Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 4 133 77465 unearned premiums pro rata 2189008 48 11 Total unearned premiums as computed above carried out 18 Amount of borrowed money 20 Total amount of all liabilities except capital stock and net surplus 2i 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 3881702 09 450000 00 4848410 80 1000000 00 1228 441 74 7076852 54 154 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR 4 Gross premiums on risks written and renewed during the year 7382430 59 8 Deduct reinsurance and return pre miums 2391391 38 9 Net cash actually received for premiums carried out 4991039 21 10 Received for interest on bonds and mortgages 35669 14 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 206922 15 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 14 66944 profit and loss account profits on sales 47 05417 agents balances recovered 151130 borrowed money 105000000 total 1113234 91 15 Aggregate amount of income actually received during the year in cash 6346865 41 VEXPENDITURES DURING THE YEAR Fire Risks i Gross amount actually paid for losses including 25890039 losses occurring in previous years 5984339 85 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 13 10673 and all amounts actually received for reinsurance in other companies 1 40570556 total deductions 141881229 3 Net amount paid during the year for losses 4365527 56 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 70000 00 6 Paid for commissions or brokerage 921308 21 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 389651 24 8 Paid for State national and local taxes in this and other States 168902 54 9 All other payments and expenditures viz Real estate repairs 293604 advertising field work and inci dental expenses 16039364 office furniture books and stationery 3784224 traveling adjustment and miscellaneous expenses 13680366 borrowed money 60000000 total 937975 58 igate amount of actual expenditures during the year in cash 7053 365 13COMPTROLLERGENERALS REPORT 155 Business in the State of Georgia during the year Fire risks written 4351253 Premiums received gross 45649 o Losses paid 254i8 09 Losses incurred 31459 5 NATIONAL UNION FIRE INSURANCE COMPANY OF PITTS BURG PA E E Cole President B D Cole Secretary Principal Office 401 Wood Street H Gould Bassett Augusta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 75000000 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 323747 00 3 Interest due on all said bond and mortgage loans 20400 interest accrued thereon 555288 total 5756 88 4 Value of lands mortgaged exclusive of buildings and perishable improvements 626380 00 5 Value of buildings mortgaged insured for 28065000 as collateral 312360 00 6 Total value of said mortgaged premises carried inside 93874 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1374457 50 11 Total amount loaned on stocks bonds and all other securities except mortgages 30000 00 12 Cash in companys principal office 2974 76 13 Cash belonging to the company de posited in bank Mellon National Bank Pittsburg Pa 131 14328 Second National Bank Pittsburg Pa 8114501 Commonwealth Trust Co Pittsburg Pa 1035781 Wilkinsburg Real Estate Trust Co Wilkinsburg Pa 1529655 Colonial Trust Sav156 COMPTROLLERGENERALS REPORT ings Bank Chicago 111 1136398 Security Bank of Minn Minneapolis Minn 89034 total 250196 97 Total cash items 15 Interest due and accrued on bonds not included in market value uncollected 17 Cash in hands of agents and in course of transmis sion Total assets of the company actual cash market value 253171 7o 1610 co 252066 44 2240809 55 IIILIABILITIES Losses not due and unpaid 7709 89 Gross losses in process of adjustment or in suspense including all reported and supposed losses 119643 57 Losses resisted including interest costs and other expenses thereon 34225 54 Total gross amount of claims for losses 161580 co Deduct reinsurance thereon 37885 83 Net amount of unpaid losses 123X9 3 17 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 811 28738 unearned premiums fifty per nt 405643 69 Gross premiums without any deduction received and receivable upon all un expired lire risks running more than one year from date of policy 1089 18425 unearned premiums pro rata 622871 74 23 i Total unearned premiums as computed above carried out Total amount of all liabilities except capital stock and net surplus f Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities 1028515 43 1152208 60 750000 00 338600 95 egate amount of all liabilities including capital paid up and net surplus 2240 8C9 55COMPTROLLERGENERALS REPORT 157 VINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 1003 3 3 Net collected 1003 03 4 Gross premiums on risks written and renewed during the year r939139 46 5 Total 1940142 49 6 Deduct premiums and bills in course of collection at this date 4920 47 7 Entire premiums collected during the year 1935222 02 8 Deduct reinsurance and return pre miums 706 803 27 9 Net cash actually received for premiums carried out 1 228418 65 10 Received for interest on bonds and mortgages 24228 88 n Received for interest and dividends on stocks and bonds collateral loans and from all other sources 73429 46 12 Income received from all other sources omitting in crease if any in value of securities viz Profit on sale of A T S F Ry bonds 500 00 13 Received for calls on capital Assessment of 140 per cent to provide for San Francisco losses 1050000 00 15 Aggregate amount of income actually received during the year in cash 2376 576 99 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 8944048 losses occurring in previous years 2116879 89 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 325395 and all amounts actually received for rein surance in other companies 48889816 total deductions 492152 11 3 Net amount paid during the year for losses 1624727 78 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 30000 00 6 Paid for commissions or brokerage 262464 73158 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 7794 x6 8 Paid for State national and local taxes in this and other States 45887 22 9 All other payments and expenditures viz Maps furniture and fixtures rents printing advertising home office expenses and traveling expenses 204046 30 Aggregate amount of actual expenditures during the year in cash 2245067 19 Business in the State of Georgia during the year Fire risks written 1643202 00 Premiums received gross 19480 64 Losses paid 7026 98 Losses incurred 7089 27 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MAX CHESTER NEW HAMPSHIRE Frank E Martin cPrPtnrip5 Frank W Sargeant President w Secretares F C Robinson Atlanta Attorney for Service in Georgia Principal Office 876 Elm Street tCAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS i Market value of real estate owned by the company less the amount of incumbranccs thereon 183000 co 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 270750 00 3 Interest due on mortgage loans 354300 interest ac crued on bonds 1766651 total 21209 51 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 26l750 00 5 Value of buildings mortgaged insured for 28765000 as collateral 422250 00 6 Total value of said mortgaged prem ises carried inside 68400000COMPTROLLERGENERALS REPORT 159 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3279041 00 11 Total amount loaned on stocks bonds and all other securities except mortgages 11000000 12 Cash in companys principal office 719 63 13 Cash belonging to the company deposit ed in bank 240235 57 Total cash items 240955 20 16 Interest due and accrued on collateral loans and un collected 472 00 17 Cash in hands of agents and in course of transmis sion 195978 50 All other assets both real and personal viz Due from other companies for reinsurance on losses al ready paid 645998 10 per cent subscription to 297 shares Chicago Milwaukee St Paul Railway Co common stock at par certificate not delivered 2 97000 9429 98 Total assets of the company actual cash market value 431083619 IIILIABILITIES i Losses due and unpaid 77827 33 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 159637 00 3 Losses resisted including interest costs and other expenses thereon 1216400 4 Total gross amount of claims for losses 249628 33 5 Deduct reinsurance thereon 36780 60 6 Net amount of unpaid losses 212 847 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 131427212 unearned premiums fifty per ceht 657136 06 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 2021 52650 unearned premiums pro rata 1064170 61 II Total unearned premiums as computed above carried out 172130667160 COMPTROLLERGENERALS REPORT 17 Due and accrued for commissions 18 Amount of reinsurance and return premiums 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Contingent reserve fund 50 00000 sinking fund for office building 2000000 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 2057 44 47566 10 70000 00 2053777 94 1000000 00 l2570S8 25 4310836 19 IVINCOME DURING THE YEAR I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment Fire Risks 270171 95 3 Net collected 270171 95 4 Gross premiums on risks written and re newed during the year 2619232 94 2889404 5 Total 6 Deduct premiums and bills in course of collection at this date 277030 08 7 Entire premiums collected during the year 8 Deduct reinsurance and return pre miums 2612374 81 406861 23 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 1603819 premiums credited on investments sold 261250 loss and gain account 67035 total 2205513 58 18524 60 141498 46 19321 04 15 Aggregate amount of income actually received during the year incash 2384857 68COMPTROLLERGENERALS REPORT 161 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses RiSkS including 19483714 losses occurring in previous years 1846542 72 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2096954 and all amounts actually received for reinsurance in other companies 547 40211 total deductions 56837165 3 Net amount paid during the year for losses 1 278 171 07 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 10oooo 00 0 faid tor commissions or brokerage 288136 7 Paid for salariesfees and other charges of officers cls agents and all other employees 8lQ28 2Q 8 Paid for State national and local taxes in this and other States Rfi 9 All other payments and expenditures 131189 24 Aggregate amount of actual expenditures during the year in cash 2173938 76 Business in the State of Georgia during the year Fire risks written Premiums received gross 261892600 Losses paid 4486 7 Losses incurred 20779 49 I77i8 09 NIAGARA FIRE INSURANCE COMPANY OF NEW iTORK Harold Herrick President Qer W n e wo W Dewey Secretary Principal Office 4648 Cedar Street New York Cliff C Hatcher Atlanta Attorney for Service in Georgia ICAPITAL i Whole amount of capital stock 2 Amount paid up in cash so 75oooo 00 9 7iOooo 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first hens on the fee simple 3 Interest due on all said bond and mortgage loans T 1 in luo oi 162 COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 18100000 5 Value of buildings mortgaged insured for 16550000 as collateral 19300000 6 Total value of said mortgaged prem ises carried inside 374ooo 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market 3594869 00 value ouvt 12 Cash in companys principal office 516 31 15 Cash belonging to the company deposit ed in bank Bank of Manhattan Co 11546379 Metropolitan Trust Co 6500000 total 180463 79 Total cash items l8l24 2 15 Interest due and accrued on stocks not included in market value uncollected 1662834 17 Cash in hands of agents and in course of transmis sion 538083 72 All other assets both real and personal viz Due from other companies for reinsurance on losses al ready paid 6o6 85 Total assets of the company actual cash market value 4575 32li6 IIILIAIHIITIKS 1 Losses due and unpaid 1051056 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 23034668 5 Losses resisted including interest costs and other expenses thereon 26225 00 4 Total gross amount of claims for losses 267082 24 5 Deduct reinsurance thereon 3412929 6 Xet amount of unpaid losses 232952 95 7 Gross premiums without and deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 2090 55369 unearned premiums fifty per cent 104527684COMPTROLLERGENERALS REPORT 163 8 Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 2606 02848 unearned premiums pro rata 1414825 06 ir Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commission 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 2460101 90 112058 06 2805112 91 750000 00 1020208 25 24 Aggregate amount of all liabilities including capital paid up and net surplus 4575321 16 IVINCOME DURING THE YEAR Fire Risks r Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement 51023485 3 Net collected 51023485 4 Gross premiums on risks written dur ing the year 3901703 18 5 Total 6 Deduct premiums and bills in course of collection at this date 4411938 03 572582 37 7 Entire premiums collected during the year 383935s 66 8 Deduct reinsurance and return pre miums 832764 52 9 Xet 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 Discounts 419975 profit and loss account 3873837 totrl 3006591 14 7289 17 153378 09 42938 17164 COMPTROLLERGENERALS REPORT 13 Received for increase capital 25000000 increase sur plus 75000000 total 1000000 00 15 Aggregate amount of income actually received during the year in cash 421019652 VEXPENDITURES during the YEAR Fire Risks 1 Gross amount actually paid for losses including 204523 21 losses occurring in previous years 47686i 55 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 30654814 and all amounts actually received for reinsurance in other companies 406 89443 total deductions 71344 57 3 Net amount paid during the year for losses 3363418 98 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 5000000 50060 00 6 Paid for commissions or brokerage 01887069 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 23158704 8 Paid for State national and local taxes in this and other States 55470 10 9 Ali other payments and expenditures viz Rents 2780780 traveling 3852127 stationery etc 26 77005 maps 594155 advertising 790561 local boards lire patrol off exchange postage and inci dentals 9111970 total 9806598 Aggregate amount of actual expenditure during the year in cash 45I7472 79 Business in the State of Georgia during the year Fire risks written 270989400 Premiums received gross 28291 30 Losses paid 8907 61 Losses incurred 15837 85COMPTROLLERGENERALS REPORT 165 NORWICH UNION FIRE INSURANCE SOCIETY U S BRANCH OF ENGLAND J Montgomery Hare United States Manager Principal Office 56 and 58 Pine Street New York N Y ICAPITAL STOCK 1 Amount of capital paid up in casn 660000 00 2 Amount of ledger assets December 31st of previous year 264980988 Extended at t 2649809 88 IIINCOME Fire Risks 2780944 II 5 Gross premiums 6 Deduct reinsurance rebate abatement and return premiums 680960 73 7 Total premiums other than perpetuals 9 Interest on mortgage loans 11 Interest on bonds and dividends on stocks 12 Interest on deposits 1800 00 78809 00 5164 84 2099983 38 15 Total interest and rents 16 Profit on sale or maturity of ledger assets Sale of Chicago Milwaukee St Paul Ry common stock 379358 sale of Chicago Northwestern Ry common stock 842436 sale of Twin City Rapid Transit Ry common stock 265 15 total 24 Cash in home office JJ Total IIIDISBURSEMENTS Fire Riks 1 Gross amount paid for losses including 10879431 occurring in previous years 2395379 84 2 Deduct amount received for salvage 11 29484 and for reinsurance in other com panies 33196324 343258 08 3 Net amount paid for losses 8 Commissions or brokerage 9 Salaries fees and all other charges of officers clerks agents and other employees 10 Rents 13 All other taxes licenses and insurance department fees 35773 84 12483 09 1201573 00 33998i3 31 2052121 76 418911 30 156519 52 18180 82 53219 78166 COMPTROLLERGENERALS REPORT 21 All other disbursements Advertising and stationery 21 99306 maps and furniture 1955459 postage express traveling and miscellaneous expenses 7976368 cash to home office 10695148 total 38 Total disbursements 2927215 99 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 40000 00 3 Loans secured by pledge of bonds stocks or other collat J 20000 00 erals 4 Book value of bonds excluding interest 162497494 and stocks 38052664 2550I58 5 Cash in companys office 7756 deposited m banks 799 6 Agents balances representing business written subsequent to October I 1906 24 I9 I3 7 Agents balances representing business written prior to Oc 7440 43 tober l 6 11479 10 Other ledger assets 3122407 20 14 Total ledger assets NONLEDGER ASSETS 15 Interest due and accrued on mortgages 150 00 16 Interest due and accrued on bonds and stocks 14541 66 14691 66 22 Market value of bonds and stocks over book value 36565 29 23 Other nonledger assets viz Eagle N Y 240 North River N Y 068 Indemnity N Y 6767 Nassau Y 17318 New York N Y 068 Munich N Y 194 North British Mercantile England 7707 Law Union Crown England 55403 Sun England 6153 I Empire City N Y 4317 Shawnee Kansas 1552 Aachen Munich Germany 173 London Lancashire England 56790 Calumet Ills 52500 Niagara N Y 157500 National Conn 270000 total 6367 j0 3180031 65 26 Gross assets DEDUCT ASSETS NOT ADMITTED 30 Agents balances representing business written prior to Oc tober 1 1906 744 43 37 Total admitted assets 3172591 22 COMPTROLLERGENERALS REPORT 167 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 57527 28 2 Gross claims for losses in process of adjust ment or in suspense including all reported and supposed losses 553102 38 3 Gross claims for losses resisted 58968 00 4 Total 669597 66 5 Deduct reinsurance due or accrued 102902 24 6 Net amount of unpaid losses and claims 566695 42 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of poli cy including interest premiums on perpet ual fire risks 145193579 unearned pre miums fifty per cent 725967 89 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 191584116 unearned pre miums pro rata 1014824 27 12 Total unearned premiums as computed above 1740792 16 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 24662 63 20 Commissions brokerage and other charges due or to be come due to agents and brokers 7814 73 24 Total amount of all liabilities except capital 2339964 94 27 Surplus as regards policyholders 832626 28 28 Total liabilities 3172591 22 Business in the State of Georgia during the year Fire risks written 5678437 00 Premiums received 59I57 3n Losses paid 3574 7 Losses incurred 43567 9168 COMPTROLLERGENERALS REPORT NORTHERN ASSURANCE COMPANY U S BRANCH H E Wilson General Manager Principal Offices in the United States 38 Pine Street New York 642 Monadnock Block Chicago ICAPITAL STOCK 1 Amount of capital paid up in cash 1500000 00 2 Statutory deposit 200000 00 Amount of ledger assets December 31 of pre vious year 3864384 21 Extended at 3864384 21 IIINCOME Fire Risks 1 Gross premiums 4285191 21 2 Deduct reinsurance rebate abatement and return premiums 1385180 84 3 Total premiums other than perpetuals 2900010 37 7 Interest on bonds and dividends on stocks 147314 89 8 Interest on deposits 7528 23 10 Gross rents from companys property com panys own occupancy 7000 00 11 Total interest and rents 161843 12 Received from head office during the year 3539798 46 14 Total income 6601651 95 nrDISBURSEMENTS 1 Gross amount paid for losses including 14707924 occurring in previous years 5117759 47 2 Deduct amount received for salvage 11 73906 and for reinsurance in other com panies 165094087 1662679 93 3 Net amount paid for losses 3455079 54 8 Commissions or brokerage 478175 93 9 Salaries fees and all other charges of officers clerks agents and other employees 168341 57 10 Rents including 700000 for companys own occupancy 16910 04 11 Repairs and expenses other than taxes on real estate 231 00 12 Taxes on real estate 2562 19 3 All other taxes licenses and insurance department fees 79989 79COMPTROLLERGENERALS REPORT 169 IS All other disbursements Patrols 4623597 advertising printing and stationery 2863754 inspection maps and traveling expenses 9523889 postage telegrams and ex pressage 2166313 cleaning heating lighting and office fittings 477265 books newspapers and periodicals 1 80346 legal expenses 11853 miscellaneous 1049546 remitted to home office during the year 168901523 1897980 86 16 Total disbursements 6099270 92 115000 00 IVLEDGER ASSETS Book value of real estate unincumbered Book value of bonds excluding interest 302782566 and stocks 29426590 3322091 56 Cash in companys offices 48661 deposited in banks Na tional Bank of Commerce New York 15236515 Union Trust Co New York 1856928 Merchants Loan and Trust Co Chicago 19872476 Northern Trust Co Chi cago 182844 Canadian Bank of Commerce San Fran cisco 125071 Mississippi Valley Trust Co St Louis 80304 total Agents balances representing business written subsequent to October 1 1906 Agents balances representing business written prior to Oc tober 1 1906 Bills receivable taken for fire risks 374027 99 493144 75 27515 11 34985 83 11 Total ledger assets 4366765 24 NONLEDGER assets 13 Interest due 100000 and accrued 609670 on bonds and stocks 18 Market value of real estate over book value 20 Other nonledger assets viz Due from other companies for reinsurance on losses already paid 7096 70 60000 00 13701 70 21 Gross assets 4447563 64 DEDUCT ASSETS NOT ADMITTED 4 Agents balances representing business writ ten prior to October 1 1906 5 Bills receivable past due taken for fire risks 7 Depreciation from book value of ledger as sets to bring same to market value 27515 11 34985 83 126241 56 8 Total 188742 50 9 Total admitted assets 4258821 14V af 170 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of adjust ment or in suspense including all reported and supposed losses 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 28626 61 444346 18 52779 14 525751 93 36025 03 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of pol icy including interest premiums on per petual fire risks 236226518 unearned premiums fifty per cent 1181132 59 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 242771513 unearned premiums pro rata 1346664 90 489726 90 12 Total unearned premiums as computed above 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 21 Return premiums 1365844 reinsurance premiums 12 73584 total 24 Total amount of all liabilities except statutory deposit 25 Statutory deposit 200000 00 27 Surplus over all liabilities 1006699 58 2527797 49 8202 89 26394 28 3052121 56 28 Surplus as regards policyholders 29 Total liabilities Business in the State of Georgia during the year 1206699 58 4258821 14 Fire risks written 4792370 00 Gross premiums received excluding only 1073568 of cancella tions and 73968 premiums on risks reinsured 5502 16 Losses paid 24507 23 Losses incurred 25896 03COMPTROLLERGENERALS REPORT 171 NORTH RIVER FIRE INSURANCE COMPANY OF NEW YORK William E Hutchins President Frederick H Crum Secretary Principal Office 939597 William Street Jacob Haas Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 350000 00 3SOooo 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 said bond and mortgage loans 4 Value of lands mortgaged exclusive of build ings and perishable improvements 25840000 5 Value of buildings mortgaged insured for 15797500 as collateral 166600 00 610000 00 194900 00 3166 47 6 Total value of said mortgaged premises car ried inside 425000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Cash in companys principal office 1837 50 Cash belonging to the company deposited in bank Washington Trust Co 487317 United States Mortgage Trust Co 20 00000 Title Guarantee Trust Co 25 00000 Kings County Trust Co 20000 00 Merchants Exchange National Bank 6521191 total 135085 08 468855 00 12 13 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 677762 due from other companies for reinsur ance on losses already paid 1036832 total Total assets of the company actual cash market value Deduct agency premiums over three months due 136922 58 2382 90 419126 64 Total 17145 94 1852499 53 14543 22 1837956 31172 COMPTROLLERGENERALS REPORT IirLIABILITIES 1 Losses due and unpaid 3447 oo 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 130350 98 3 Losses resisted including interest costs and other expenses thereon 11350 00 4 Total gross amount of claims for losses 145147 98 5 Deduct reinsurance thereon 29432 45 6 Net amount of unpaid losses 115715 53 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 121285929 unearned pre miums fifty per cent 606429 65 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 76669360 unearned pre miums pro rata 435850 38 11 Total unearned premiums as computed above carried out 1042280 03 16 Cash dividends to stockholders remaining unpaid 6842 50 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 6802 94 ig All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 2870231 return premiums 6646 42 reinsurance 2224957 total 57598 30 20 Total amount of all liabilities except capital stock and net surplus 1229239 30 21 Joint stock capital actually paid up in cash 350000 00 23 Surplus beyond capital and all other liabilities 258717 01 24 Aggregate amount of all liabilities including capital paid up and net surplus 1837956 31 IVINCOME DURING THE YEAR Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 385236 55 2 Deduct amount of same not collected 58125 31 3 Net collected 327111 24COMPTROLLERGENERALS REPORT 173 4 Gross premiums on risks written and re newed during the year 2460888 71 5 Total 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 2787999 95 419126 64 2368873 31 881361 60 9 Net cash actually received for premiums carried out 1487511 yi 10 Received for interest on bonds and mortgages 8389 09 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 311 00 12 Income received from all other sources omitting increase if any in value of securities viz Rents 5510777 interest on bonds and dividends on stocks 1656500 interest from all other sources 653615 profit on sale of ledger assets 1875 taxes levied in error in 1905 by city of New York 413370 total 82361 27 Aggregate amount of income actually received during the year in cash 1578573 17 VEXPENDITURES DURING TDK YEAR Fire Risks Gross amount actually paid for losses in cluding 7081870 losses occurring in pre vious years 1324163 67 Deduct all amounts actually received for sal vages whether onlosses of the last or of previous year 723495 and all amounts actually received for reinsurance in other companies 28337429 total deductions 29060924 3 Net amount paid during the year for losses 1033554 43 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 32635 7S 6 Paid for commissions or brokerage 398250 30 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 116862 76 8 Paid for State national and local taxes in this and other States 28742 85 9 All other payments and expenditures viz Loss on bonds 3750O rents 2505396 general expenses 4712368 depreciation in bonds 1447000 expenses of real estate 2407824 total 111100 88 Aggregate amount of actual expenditures during the year in cash 1721146 97174 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 1499121 00 Premiums received gross 29220 96 Losses paid 96i5 69 Losses incurred 10032 36 NORTH STATE FIRE INSURANCE COMPANY OF GREENSBORO NORTH CAROLINA Ashley Home President James F Cobb Secretary Principal Office Greensboro N C Otis A Murphy Atlanta Attorney for Service in Georgia ICAPITAL I Whole amount of capital stock 11ASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due and accrued on all said bond and mortgage loans 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 securi ties except mortgages 12 Cash in companys principal office 88 78 13 Cash belonging to the company deposited in bank 18529772 Total cash items 16 Interest due and accrued on collateral loans and uncollected 17 Cash in hands of agents and in course of transmission Total assets of the company actual cash market value HILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 4397 25 2816 50 900 00 8113 75 1726 42 200000 00 70800 00 638 08 10871 97 24523 80 185386 50 1050 00 11266 80 404537 15 6387 33COMPTROLLERGENERALS REPORT 175 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 7797205 unearned pre miums fifty per cent 38986 02 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 4783194 unearned premi ums pro rata 34979 83 11 Total unearned premiums as computed above carried out 73965 8 21 23 24 Total amount of all liabilities except capital stock and net surplus 80353 18 Joint stock capital actually paid up in cash 200000 00 Surplus beyond capital and all other liabilities 124183 97 Aggregate amount of all liabilities including capital paid up and net surplus 404537 1 IVINCOME DURING THE YEAR Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 8453 98 Net collected Gross premiums on risks written and re newed during the year Total Deduct premiums and bills in course of col lection at this date Entire premiums collected during the year Deduct reinsurance and return premiums 8453 98 191421 78 199875 76 11266 80 188608 96 71288 65 9 Net cash actually received for premiums carried out 117320 31 10 Received for interest on bonds and mortgages 6413 14 13 Received for calls on capital 10000000 for increase sur plus 12833333 total 228333 33 15 Aggregate amount of income actually received during the year in cash 352067 88 VEXPENDITURES DURING THE YEAR Fire Risks Gross amount actually paid for losses in cluding 98382 losses occurring in previous years 7706948176 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year I3i958 51 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount Of stock holders 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 Postage ex change legal fees expense sundries stationery and printing rents Aggregate amount of actual expenditures during the year in cash 63110 97 8000 00 27578 18 5894 99 1055 03 4920 31 110559 48 NORTH BRITISH AND MERCANTILE FIRE INSURANCE COM PANY U S BRANCH OF LONDON AND EDINBURGH E G Richards Manager J F Hastings Asst Manager Principal Office in United States 76 William Street New York N Y Edgar Dunlap Atlanta Attorney for Service in Georgia IIASSETS 12 Cash in companys principal office 300 00 13 Cash belonging to the company deposited in bank J P Morgan Co 33828590 Merchants National Bank 2000000 358285 90 Cash in hands of trustees of the company 33042 19 Total cash items 391628 09 15 Interest due and accrued on stocks not included in market value uncollected 4253 74 17 Cash in hands of agents and in course of transmission 816558 50 18 Bill receivable not matured taken for lire marine and in land risks 182 50 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Milwaukee Und Bldg Assn 18100 Phila Und Assn 10000 Underwriters Salvage Co of New York 1000 Underwriters Salvage Co of Chicago 100000 total 2281 00 Total assets of the company actual cash market value 6890820 S3COMPTROLLERGENERALS REPORT 177 IIILIABILITIES 1 Losses due and unpaid 92448 86 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 437T3i 18 3 Losses resisted including interest costs and other expenses thereon 31335 10 4 Total gross amount of claims for losses 560915 14 5 Deduct reinsurance thereon 68748 29 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 295915875 unearned pre miums fifty per cent 1479579 37 8 Gross premiums without any deduction re ceieved and receivable upon all unexpired fire risks running more than one year from date of policy 377101580 unearned pre miums pro rata 2027538 58 492166 85 11 Total unearned premiums as computed above carried out 3507117 95 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department Reclaimable under perpetual policies 25847 22 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage agency expenses 178203 68 20 Total amount of all liabilities except net surplus 4203335 70 23 Surplus beyond capital and all other liabilities 2687485 13 24 Aggregate amount of all liabilities including net surplus 6890820 83 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 73I7o6 57 3 Net collected 73h66 57 4 Gross premiums on risks written and re newed during the year 5640334 78 5 Total 6372101 35 12 in178 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 831418 75 7 Entire premiums collected during the year 5540682 60 8 Deduct reinsurance and return premiums 1334995 28 9 Net cash actually received for premiums carried out 4205687 32 11 Received for interest and dividends on stock and bonds col lateral loans and from all other sources 242294 17 14 Remittances from home office during the year 2257494 98 T5 Aggregate amount of income actually received during the year in cash 4447981 49 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 40944802 losses occurring in pre vious years 570433 03 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 2935589 and all amounts actually received for reinsurance in other companies 69259857 total deductions 721954 86 3 Net amount paid during the year for losses 4988478 17 6 Paid for commissions or brokerage 840296 25 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 278698 31 8 Paid for State national and local taxes in this and other States 113944 40 9 All other payments and expenditures viz Rents advertis ing stationery exchange postage telegrams express fur niture maps legal Underwriters Assn local boards inci dentals 184037 07 Aggregate amount of actual expenditures during the year in cash 6405454 20 Business in the State of Georgia during the year Fire risks written 3951829 00 Premiums received gross 48895 41 Losses paid 15688 74 Losses incurred 24677 84 COMPTROLLERGENERALS REPORT 179 ORIENT FIRE INSURANCE COMPANY OF HARTFORD CONN A G Mcllwaine Jr President Henry W Gray Jr Secretary Principal Office 2022 Trinity Street Robert A Hancock Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 500000 00 IIASSETS I Market value of real estate owned by the company less the amount of incumbrances thereonif 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 8707 80 13 Cash belonging to the company deposited in bank 186968 96 Total cash items 15 Interest due and accrued on stock not included in market value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and in land risks All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 159414 67 1447013 20 19S676 76 21810 74 194975 14 3327 93 34199 37 Total assets of the company actual cash market value 2056417 81 IIILIABILITIES 1 Losses due and unpaid 8412 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 196062 89 3 Losses resisted including interest costs and other expenses thereon 18997 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 223471 89 48717 49 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 82541127 unearned prem iums fifty per cent 174754 40 412705 63180 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 123832196 unearned pre miums pro rata 672014 79 11 Total unearned premiums as computed above carried out 1084720 42 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 7on 34 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums 127655 reinsurance 742243 total 829898 less commissions 188908 6409 90 20 Total amount of all liabilities except capital stock and net surplus 1272896 06 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 283521 75 24 Aggregate amount of all liabilities including capital paid up and net surplus 2056417 81 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 233388 38 3 Net collected 233388 38 4 Gross premiums on risks written and re newed during the year 1722622 69 5 Total i956oi I 07 6 Deduct premiums and bills in course of col lection at this date 262963 73 7 Entire premiums collected during the year ash 169300821 notes 3913 169304734 8 Deduct reinsurance and return premiums 508336 13 9 Net cash actually received for premiums carried OUt 1184711 m II Received for interests and dividends on stock and bmds collateral loans and from all other sources 69100 02 12 Income received from all other sources omitting increase if any in value of securities viz Rents 282588 from stockholders to increase companys surplus 85825 88 15 Aggregate amount of income actually received during the year in cash 1339637 COMPTROLLERGENERALS REPORT 181 vExpenditures during The year i Gross amount actually paid for losses in S 3 eluding 6054923 losses occurring in pre vious years 2030521 29 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 510342 and all amounts actually received for reinsurance in other companies 76917152 total deductions 774274 94 3 Net amount paid during the year for losses 1256246 35 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 248382 64 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 61553 13 8 Paid for State national and local taxes in this and other Aftates 34367 38 9 All other payments and expenditures viz Rents 790616 advertising printing and stationery 1286368 furniture and fixtures 125094 miscellaneous expenses 4570186 67722 64 Aggregate amount of actual expenditures during the year in cash 1718272 14 Business in the State of Georgia during the year Fire risks written 2603917 00 Premiums received gross 30344 27 Losses paid I0S24 7g Losses incurred 20055 78 PALATINE FIRE INSURANCE COMPANY LTD OF LONDON ENGLAND A H Wray Manager Principal Office in United States Corner Pine and William Streets New York N Y John A Whitner Atlanta Attorney for Service in Georgia ASSETS 9 Total par and market Value of stocks and bonds owned ab solutely by the company carried out at market value 2737042 50 13 Cash belonging to the company deposited in bank Morton Trust Co N Y 2333887 American Exchange Natlier 182 COMPTROLLERGENERALS REPORT Bank New York 8886412 Crocker National Bank San Francisco 5165451 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Commercial Union London 786932 Commercial Union New York 132883 Union of London 5787 163857 50 26394 00 312029 52 9256 02 Total assets of the company actual cash market value 3248579 54 IIILIABILITIES r Losses unpaid not yet due 20809 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1068711 00 3 Losses resisted including interest cotls and other expenses thereon 24558 00 4 Total gross amount of claims for losses 1114078 00 5 Deduct reinsurance thereon 239916 00 6 Net amount of unpaid losses 874162 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 111318925 unearned pre miums fifty per cent 556594 63 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 116413262 unearned pre miums pro rata 648236 17 11 Total unearned premiums as computed above carried out 1204830 80 17 Due and accrued for salaries rent advertising and for agen cy and other miscellaneous expenses 4320 24 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 4037325 reinsurance 2436140 returned premiums 854769 total 73282 34 20 Total amount of all liabilities except net surplus 2156595 38 23 Surplus beyond capital and all other liabilities 1091984 16 24 Aggregate amount of all liabilities including net surplus 3248579 54COMPTROLLERGENERALS REPORT 183 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 267821 16 3 Net collected 267821 16 4 Gross premiums on risks written and renewed during the year 2171976 68 5 Total 2439797 84 6 Deduct premiums and bills in course of col lection at this date 330321 70 7 Entire premiums collected during the year 2109476 14 8 Deduct reinsurance and return premiums 667845 78 9 Net cash actually received for premiums carried out 1441630 36 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 99315 01 12 Income received from all other sources omitting increase if any in value of securities viz Profit on sale of securities 4923 93 14 Remittances from home office during the year 1770074 76 IS Aggregate amount of income actually received during the year in cash 3315944 06 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 10159100 losses occurring in pre vious years 2264779 69 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 408465 and all amounts actually received for reinsurance in other companies 48800274 total deductions 492087 39 3 Net amount paid during the year for losses 1872692 30 6 Paid for commisions or brokerage 326505 83 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 79397 10 8 Paid for State national and local taxes in this and other States 44041 OS 9 All other payments and expenditures viz Rent travel na tional and local boards postage printing and stationery etc 80431 86 Aggregate amount of actual expenditures during the year in cash 2403068 17184 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Premiums received gross Losses paid Losses incurred 49074 33 23908 48 23948 48 THE PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA PENN R Dale Benson President W Gardner Crowell Secretary Principal Office 510 Walnut Street CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 7SOooo 00 750000 00 11ASSETS 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 18750 interest accrued thereon 304245 total 6 Total value of lands and buildings mortgaged insured for 29600000 as collateral carried inside 69377500 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other securities except mortgages 12 Cash in companys principal office 1 925 T9 13 Cash belonging to the company de posited in bank Western 5117460 Philadelphia 5710387 Drexel Co 86145760 total 969736 07 159500 00 295000 00 3229 95 3239531 00 1088500 00 Total cash items 970661 26 15 Interest due and accrued on stocks not included in market value uncollected 2285 23 17 Cash in hands of agents and in course of transmission 587658 59 All other assets both reai and personal viz Due from other companies for reinsurance on losses COMPTROLLERGENERALS REPORT 185 already paid Royal 475715 National 125000 Apce Co 750000 Caledonian 70000 total Total assets of the company actual cash market value 15207 15 6361573 18 IIILIABILITIES 1 Losses unpaid 35469 47 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 551798 74 3 Losses resisted including interest costs and other expenses thereon 8355 73 4 Total gross amount of claims for losses 595623 94 5 Deduct reinsurance thereon 43767 00 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 2095 87858 unearned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 320184963 unearned premiums pro rata 551856 94 1 047939 29 1691222 60 n Total unearned premiums as computed above carried out Total perpetual premiums 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 2739161 89 917423 23 4208442 06 750000 00 1403131 12 6361573 18 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and renewed during the year 4017602 06 1 186 COMPTROLLERGENERALS REPORT 8 Deduct reinsurance and return premi ums 874321 65 9 Net cash actually received for premiums carried out 3143280 41 10 Received for interest on bonds and mortgages 21509 48 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 242675 21 12 Income received from all other sources omitting in crease in any in value of securities viz Rents 2073 61 13 Received for increase capital 140000000 15 Aggregate amount of income actually received during the year in cash 3409538 71 vExpenditures during the year Fire Risks i Gross amount actually paid for losses 5253066 32 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsur ance in other companies 1087358 03 3 Net amount paid during the year for losses 4165708 29 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 6 Paid for commissions or brokerage 831753 35 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 193624 00 8 Paid for State national and local taxes in this and other States 87610 05 9 All other payments and expenditures viz Miscel laneous 64381 52 Aggregate amount of actual expenditures during the year in cash 5443077 21 Business in the State of Georgia during the year Fire risks written 3833706 00 Premiums received gross 69400 62 Losses paid 46260 54 Losses incurred 51588 42COMPTROLLERGENERALS REPORT 187 PHOENIX ASSURANCE COMPANY LIMITED OF LONDON A D Irving Manager A D Irving Jr Secretary Principal Office 47 Cedar Street New York F M Butt Augusta Attorney for Service in Georgia 11ASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2590131 25 12 Cash in companys principal office 218 58 13 Cash belonging to the company de posited in bank New York Life Ins and Trust Co 443992 Union Trust Co 669606 American Exchange National Bank 27878765 Corn Ex change Bank 113130 total 29105493 Total cash items 29127351 16 Interest due and accrued on collateral loans and un collected 28403 68 17 Cash in hands of agents and in course of transmission 295339 83 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 63050 89 Total assets of the company actual cash market value 3268199 16 IIILIABILITIES 1 Losses not yet due 5804900 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 308705 00 3 Losses resisted including interest costs and other expenses thereon 2804700 4 Total gross amount of claims for losses 394801 00 5 Deduct reinsurance thereon 11752800 6 Net amount of unpaid losses 277273 00 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 185170887 unearned premiums fifty per cent 92585444188 COMPTROLLERGENERALS REPORT Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 186295098 unearned premiums pro rata 32177 12 11 Total unearned premiums as computed above carried out 1908031 56 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 36 52 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Reinsurance premiums 5599 45 20 Total amount of all liabilities except net surplus 2190940 S3 23 Surplus beyond capital and all other liabilities 1077258 63 24 Aggregate amount of all liabilities including capital paid up and net surplus 3268199 16 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 25411047 4 Gross premiums on risks written and renewed during the year 3569 356 94 5 Total 3823467 41 8 Deduct reinsurance and return premi ums 1350946 69 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 14 Amount of remittances from home office during the year 2472520 72 107418 45 3823 75 2392532 50 15 Aggregate amount of income actually received during the year in cash 4976295 42 EXPENDITURES DURING THE YEAR Fire Risks I Gross amount actually paid for losses including 16102135 losses occur ring in previous years 5524987 07COMPTROLLERGENERALS REPORT 189 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 21 68658 and all amounts actually re ceived for reinsurance in other com panies 182619210 total deductions 1847878 68 3 Net amount paid during the year for losses 3677108 39 6 Paid for commissions or brokerage 506719 86 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 18861788 8 Paid for State national and local taxes in this and other States 81739 37 9 All other payments and expenditures viz Rents 2603688 advertising printing and stationery 21 37101 postage telegrams and express 2355562 sundries 8668870 depreciation of securities 210 08510 loss on sale or maturity of ledger assets 17 56608 total 385303 39 10 Amount sent to home offices during the year 544737 28 Aggregate amount of actual expenditures during the year in cash 5384226 17 Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 2580780 00 29488 24 19753 37 19643 37 PHENIX FIRE INSURANCE COMPANY OF BROOKLYN NEW YORK Geo P Sheldon President Chas F Koster Secretary Principal Office 16 Court Street Brooklyn N Y H C Stockdell Atlanta Attorney for Service in Georgia 1capital 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash icoocco 00 3 Increase of paid up capital during the year 500000 00 1 500000 00190 COMPTROLLERGENERALS REPORT IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 56800000 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 48000 00 3 Interest due on all said bond and mortgage loans 73333 interest accrued thereon 63167 total 136500 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 29750 00 5 Value of buildings mortgaged insured for 6250000 as collateral 69750 00 6 Total value of said mortgaged premises carried inside 99500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 679060400 11 Total amount loaned on stocks bonds and all other securities except mortgages 6300000 12 Cash in companys principal office 655 25 13 Cash belonging to the company de posited in bank Bankers Trust Co New York 40700623 National Park Bank New York 28020390 Chat ham National Bank New York 77 14198 Liberty National Bank New York 21936649 National City Bank Brooklyn 250000 Peoples Trust Co Brooklyn 333677 total 989555 37 Total cash items 990210 62 15 Interest due and accrued on stocks not included in market value uncollected 5504 15 17 Cash in hands of agents and in course of transmission 968357 10 All other assets both real and personal viz Rents due and accrued 319664 due from other com panies for reinsurance on losses already paid 63 08389 total 66280 53 Total assets of the company actual cash market value 950132140 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 386641 20COMPTROLLERGENERALS REPORT 191 3 Losses resisted including interest costs and other expenses thereon 11115 00 4 Total gross amount of claims for losses 397756 20 5 Deduct reinsurance thereon 22947 98 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 3514 60033 unearned premiums fifty per cent 1757300 17 8 Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 676172040 unearned premiums pro rata 3532802 93 11 Total unearned premiums as computed above carried out 18 Amount of borrowed money 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Return premiums 422328 rein surance 536293 total 374808 22 5290103 10 700000 00 9586 21 20 Total amount of all liabilities except capital stock and net surplus 6374497 53 21 Joint stock capital actually paid up in cash 1500000 00 23 Surplus beyond capital and all other liabilities 162682387 24 Aggregate amount of all liabilities including capital paid up and net surplus 9501321 40 Amount of unearned premiums represented by in stallment notesbeing the whole amount of such notes 184126 10 IVINCOME DURING THE YEAR 4 Gross premiums on risks written and renewed during the year 7689047 87 8 Deduct reinsurance and return premi ams 152208962 9 Net cash actually received for premiums carried out 6166958 25 10 Received for interest on bonds and mortgages 033 51192 COMPTROLLERGENERALS REPORT 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 302602 60 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 4264479 interest on collateral loans 353358 interest on deposits 715112 other interest 37991 total 5370940 profits on sale or maturity of ledger assets 9584150 borrowed money 700 00000 real estate 900 Commercial Bank Brook lyn 1772 amount credited to surplus 1000 00000 total 1849577 62 13 Received for increase capital 500000 00 15 Aggregate amount of income actually received during the year in cash 8821071 98 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 31817523 losses occur ring in previous years 7872354 13 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 20 79014 and all amounts received for reinsurance in other companies 1 84004324 total deductions 1860833 38 3 Net amount paid during the year for losses 6011520 75 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 200000 00 6 Paid for commissions or brokerage 1205539 II 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 456561 20 8 Paid for State national and local taxes in this and other States 148115 97 9 All other payments and expenditures viz Rents 5091049 repairs and expenses on real estate 1565102 taxes on real estate 646221 loss on sale of ledger assets 1014128 miscellaneous ex penses 56818090 total 65134590 10 Amount of remittances sent to home office during the year 65134590 Aggregate amount of actual expenditures during the year in cash 8673082 93COMPTROLLERGENERALS REPORT 193 Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 3397247 oo 209696 02 97640 07 116445 07 THE PRCENIX INSURANCE COMPANY D W C Skilton President John B Knox Thomas C Temple Secretaries Home Office No 783 Main Street Hartford Connecticut Cliff C Hatcher Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of capital paid up in cash 2000000 00 Amount of ledger assets as per bal ance December 31 1905 6269030 14 Extended at 6269030 14 11income Fire Risks 5 Gross premiums 5443231 61 6 Deduct reinsurance rebate abatement and return premiums 994354 83 7 Total premiums other than perpetuals 4448876 78 9 Interest on mortgage loans 10 Interest on collateral loans 11 Interest on bonds and dividends on stocks 12 Interest on deposits 14 Gross rents from companys property including companys own occupancy 5299 77 665 00 272329 12 11046 78 743 45 15 16 Total interest and rents Profit on sale or maturity of ledger assets Illinois Central Railroad stock 12408080 Pennsylvania New York Canal Railroad stock 75000 Chicago Milwaukee St Paul Railroad common 680374 Merchants Exchange National Bank 2 16384 profit on sale real estate 284901 collected from old agency balances 32675 total 23 From all other sources Borrowed money 300084 12 136974 14 660000 00 36 Total income 13 in 5545935 04194 COMPTROLLERGENERALS REPORT 111DISBURSEMENTS Fire Risks Gross amount paid for losses includ ing 29096556 occurring in previous years 39641 IS 36 Deduct amount received for salvage 1162731 and for reinsurance in other companies 55090024 total 562527 55 3 Net amount paid for losses 5 Paid stockholders for interest or dividends amount declared during the year including taxes 8 Commissions or brokerage 9 Salaries fees and all other charges of officers direc tors trustees clerks agents and other employees 10 Rents including companys occupancy of its own building office building sold in 1905 11 Repairs and expenses other than taxes on real estate 12 Taxes on real estate 43 All other taxes licenses and insurance department fees 14 Loss on sale or maturity of ledger assets Agency bal ances charged off 21 All other disbursements Borrowed paid 51000000 advertising printing and stationery 3290402 legal expense 310063 maps and diagrams 921507 general and special agents traveling expenses 124 43046 inspection bureaus 6517246 loss adjust ments 2272111 postage 3279512 telegraph 256876 supplies 1409390 miscellaneous and agency expenses 7078256 total 38 Total disbursements 3 3401587 81 223000 00 904292 24 250953 49 25533 85 3404 55 1640 00 99983 16 4852 00 37784 09 5803031 19 IVLEDGER ASSETS t Book value of real estate unincum bered 140804 64 Mortgage loans on real estate first liens 75166 66 4 Book value of bonds excluding interest 263623252 and stocks 235035122 4986583 74 5 Casli in companys office 1591755 deposited in banks Hartford Xa tional Bank Hartford 19644031 Metropolitan Trust Co New York 10576250 The Bank of Liverpool Liverpool England 8775658 total 405876 94 6 Agents balances representing business written subsequent to October 1 Ioofi 385945 81COMPTROLLERGENERALS REPORT 195 7 Agents balances representing business written prior to October 1 1906 17556 20 14 Total ledger assets 6011933 99 NONLEDGER ASSETS 15 Interest due 13500 and accrued 187106 on mortgages 2006 06 16 Interest accrued 986747 on bonds on stocks 1204047 21907 94 18 Interest accrued on other assets 2500 00 19 Rents due on companys property or lease 885 75 3261 00 1110419 01 20 Total 6039233 74 21 Market value of real estate over book value 22 Market value of bonds and stocks over book value 23 Other nonledger assets viz Gross premiums in course of collection which have not been carried to ledger accounts 47481291 reinsurance due from other companies on losses paid 709230 total 481905 21 26 Gross assets 7634818 96 DEDUCT ASSETS NOT ADMITTED 30 Agents balances representing business written prior to October 1 1906 17556 20 37 Total admitted assets 7617262 76 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 57787 00 2 Gross claims for losses in proeess of adjustment or in suspense including all reported and supposed losses 358033 02 3 Gross claims for losses resisted 23639 00 4 Total 5 Deduct reinsurance due or accrued 439459 02 24410 2 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance re ceived and receivable upon all miex pired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 297221191 unearned pre miums fifty per cent 1486105 96 415048 50 196 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 3941 06837 unearned premiums pro rata 142858 19 12 Total unearned premiums as computed above 3628964 15 20 Commissions brokerage and other charges due or to become due to agents and brokers 84649 63 21 Return premiums 4516547 reinsurance premiums 1864211 6380758 22 Due and to become due for borrowed money 150000 00 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 1274792 90 29 Surplus as regards policyholders 30 Total liabilities Business in the State of Georgia during the year Risks written fire Premiums received Losses paid Losses incurred 4342469 86 3274792 90 7617262 76 6166 862 00 75490 45 27074 49 33471 63 QUEEN INSURANCE COMPANY OF AMERICA E F Beddall President N S Bartow Secretary Principal Office 43 Cedar Street New York 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 11ASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 74250 00 3 Interest accrued on all said bond and mortgage loans 1375 73 5 Value of buildings mortgaged insured for 7350000 as collateral 112750 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 5662204 99COMPTROLLERGENERALS REPORT 12 Cash in companys principal offices 9293 yj 13 Cash belonging to the company deposited in bank Atlanta National Bank Atlanta Ga 1264085 First National Bank San Francisco 400812 Central Bank Oak land Cal 29373 Bank of British North America Halifax N S 67806 Farm ers Loan Trust Co New York 60 00000 Corn Exchange Bank New York 6510998 Royal Trust Co Chicago 1026125 Dominion Bank Montreal Canada 526906 total 158261 05 Total cash items 15 Interest due and accrued on bonds net included in market value uncollected 16 Interest due and accrued on bank balances and uncollected 17 Cash in hands of agents and in course of transmission Pre miums in course of collection not over three months due All other assets both real and personal viz Rents due and accrued 40833 due from other companies for reinsur ance on losses already paid 1257907 Total assets of the company actual cash market value 197 i6554 82 35875 70 521 66 561047 51 12987 40 6515817 81 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 362394 93 3 Losses resisted including interest costs and other expenses thereon 40539 79 4 Total gross amount of claims for losses 402934 72 5 Deduct reinsurance thereon 41813 44 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 285008245 unearned pre miums fifty per cent 1425041 23 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 315855461 unearned premiums pro rata 1729560 58 361121 28 11 Total unearned premiums as computed above carried out 3154601 81 198 COMPTROLLERGENERALS REPORT 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 80581 55 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 1289064 returned premiums 9 10829 reinsurances 3770945 total 597o8 38 20 Total amount of all liabilities except capital stock and net surplus 365601302 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1859804 79 24 Aggregate amount of all liabilities including capital paid up and net surplus 6515817 84 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 5195566 63 8 Deduct reinsurance and return premiums 1155023 23 9 Total premiums carried out 4040543 4 10 Received for interest on bonds and mortgages 3076 21 11 Received for interest and dividends on stock and bonds and from all other sources 239081 70 12 Income received from all other sources omitting increase if any in value of securities viz Rents 15667 profit on sale or maturity of ledger assets 7883170 total 78988 37 15 Aggregate amount of income actually received during the year in cash 4361689 68 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 20285906 losses occurring in pre vious years 3886022 25 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1740878 and all amounts actually received for reinsurance in other companies 59280026 total deductions 61020904 Net amount paid during the year for losses 3275813 21 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 100000 00 Paid for commissions or brokerage 738308 49 Paid for salaries fees and other charges of officers clerks agents and all other employees 244943 11COMPTROLLERGENERALS REPORT 199 7 Paid for State national and local taxes in this and other States 88884 39 8 All other payments and expenditures viz Rents 2791575 miscellaneous 19489728 loss on sale or maturity of ledger assets 4383879 total 266651 82 Aggregate amount of actual expenditures during the year in cash 4714601 02 Business in the jtate of Georgia during the year Fire risks written gross 6777652 00 Premiums received gross 125212 45 Losses paid gross 62334 04 Losses incurred gross 66694 04 ROCHESTER GERMAN INSURANCE CO OP ROCHESTER N Y Eugene Satterlee President H F Atwood Secretary Principal Office Main Street West corner Irving Place Louis H Fox Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 11ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 586751 94 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 270375 00 3 Interest due on all said bond and mortgage loans 75725 interest accrued thereon 464838 total 5405 63 4 Value of lands mortgaged exclusive of buildings and perishable improvements 256985 00 5 Value of buildings mortgaged insured for 28690000 as collateral 329150 00 6 Total value of said mortgaged premises car ried inside 586135 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 554938 25 11 Total amount loaned on stocks bonds and all other securi ties except mortgages 8000 00200 COMPTROLLERGENERALS REPORT IS i Cash in companys principal office 1145 17 Cash belonging to the company deposited in bank National Bank of Rochester N Y 50279307 Bank of Montreal Ottawa Canada 4424748 total 54704 55 Total cash items 548185 72 Interest due and accrued on stocks not included in market value uncollected 3549 37 Cashin hands of agents and in course of transmission 136317 10 All other assets both real and personal viz GermanAm Bank stock now in liquidation 7000 00 Total assets of the company actual cash market value 2120523 01 IIILIABILITIES 1 Losses due and unpaid 4956 63 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 202373 80 3 Losses resisted including interest costs and other expenses thereon 28965 22 4 Total gross amount of claims for losses 236295 65 5 Deduct reinsurance thereon 72206 53 6 Net amount of unpaid losses 164089 12 7 Gross premiums without any deduction re ceived and receivable upon all unexpired lire risks running one year or less from date of policy 79031344 unearned pre miums fifty per cent 395156 72 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 97596475 unearned pre miums pro rata 520702 76 11 Total unearned premiums as computed above carried out 9J5859 48 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 10062 61 20 Total amount of all liabilities exceptcapital stock and net surplus 1090011 21 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 5305h 80 24 Aggregate amount of all liabilities including capital paid up and net surplus 2120523 01COMPTROLLERGENERALS REPORT 201 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 1753863 24 8 Deduct reinsurance and return premiums 627260 58 9 Net cash actually received for premiums carried out 1126602 66 10 Received for interest on bonds and mortgages 12002 56 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 29257 52 12 Income received from all other sources omitting increase if any in value of securities viz Rents 5039081 profit local agency department 2114932 profit sale of real estate 7327 total 71613 40 13 Received for calls on capital 30000000 for profit on in creased capital 30000000 total 600000 00 15 Aggregate amount of income actually received during the year in cash 1839476 14 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 4441073 losses occurring in pre vious years 1449629 84 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 321782 and all amounts actually received for reinsurance in other companies 44283642 total deductions 44605424 3 Net amount paid during the year for losses 1003575 60 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 5000 00 6 Paid for commissions or brokerage 305260 40 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 46763 56 8 Paid for State national and local taxes in this and other States 42268 22 9 All other payments and expenditures viz Expense ac count 11316903 printing and stationery account 11 353S8 profit and loss real estate 15205045 total 276573 06 Aggregate amount of actual expenditures during the year in cash 1679440 84 Business in the State of Georgia during the year Fire risks written 1180425 00 Premiums received gross 17492 42 Losses paid 10i35 26 Losses incurred 9792 60 202 COMPTROLLERGENERALS REPORT ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND U S BRANCH S E F Beddall General Attorney Principal Office in the United States 50 Wall Street New York IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 3269127 90 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 build ings and perishable improvements 880450 00 5 Value of buildings mortgaged insured for 46670000 as collateral 1078600 00 778600 00 14788 86 12 13 Total value of said mortgaged premises car ried inside 1959050 00 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 5123006 50 Cash in companys principal office 10300 00 Cash belonging to the company deposited in bank trust companies and in branch offices Fourth National Bank New York 57071 Merchants National Bank New York 3 4847S New York Life Insurance and Trust Co New York 264367065 Gallatin Na tional Bank New York 365190 New England National Bank Boston Mass 5 01117 Girard National Bank Philadelphia Pa 1211298 Continental National Bank Chicago 42500 Royal Trust Co Chi cago 753900 First National Bank Chi cago 56338 Third National Bank At lanta Ga 142369 Mercantile Trust Co San Francisco Cal 7087055 Unidn Savings Bank Oakland Cal 2562588 cash in branch offices 1129079 total 2786240 45 15 i Total cash items Interest due and accrued on bonds not included in market value uncollected Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 378397 due from other companies for reinsur ance on losses already paid 7763482 total 2796540 45 52964 98 861557 68 3i4i8 79 Total assets of the company actual cash market value 12987005 16COMPTROLLERGENERALS REPORT 203 IIILIABILITIES 1 Losses due and unpaid 63661 36 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 814580 65 3 Losses resisted including interest costs and other expenses thereon 7237 71 4 Total gross amount of claims for losses 948479 72 5 Deduct reinsurance thereon 210153 T7 6 Net amount of unpaid losses 738326 55 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 513240595 unearned pre miums fifty per cent 2566202 97 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 903882764 unearned pre miums pro rata 4977210 37 10 Excess of original premiums over amount re ceived for reinsurance 347770152 un earned premiums 1880883 54 11 Total unearned premiums as computed above carried out 9424296 88 12 Net premiums reserve and all other liabilities except capi tal under the life insurance or any other special depart ment 93995 00 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 9345 67 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Amount reclaimable by the insured on perpetual fire insurance policies 11994877 commissions due agents 2058136 return premiums 3913476 reinsurance pre miums 9311689 total 272781 78 20 Total amount of all liabilities except net surplus 10622850 88 23 Surplus beyond capital and all other liabilities 2315714 63 24 Aggregate amount of all liabilities including net surplus 12938565 51 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 976100 95 3 Net collected 976100 95 204 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 12855861 88 5 Total 13831962 83 6 Deduct premiums and bills in course of col lection at this date 861557 68 7 Entire premiums collected during the year 12970405 15 8 Deduct reinsurance and return premiums 2696855 04 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stock 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 Deposit premiums received for perpetual fire risl 552 99 14 Amount of remittances from home office dur ing the year 4180544 08 IS Aggregate amount of income actually received during the year in cash t 10273550 11 12093 49 186081 34 52465 46 10524190 40 VEXPENDITURES DURING THE YEAR r Fire Risks 1 Gross amount actually paid for losses in cluding 27664452 losses occurring in pre vious years 9256816 11 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 3183370 and all amounts actually received for reinsurance in other companies 215261798 total deductions 2184451 68 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents printing stationery traveling legal and all other expenses Deposit premiums returned on perpetual fire risks 10858 24 10 Amount sent to home offices during the year 74347 26 7072364 43 2255523 91 396537 86 177504 03 361331 52 Aggregate amount of actual expenditures during the year in cash 10263261 75COMPTROLLERGENERALS REPORT 205 Business in the State of Georgia during the year Fire risks written 6199159 75 Premiums received gross 91699 25 Losses paid 37102 19 Losses incurred 39 5 Tq ROYAL EXCHANGE ASSURANCE COMPANY OF LONDON ENG Uberto C Crosby General Manager Principal Office in the United States 92 William Street New York Edw E Paschall Atlanta Attorney for Service in Georgia CAPITAL I Amount of deposit capital 200000 00 IIASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1778157 07 12 Cash in companys principal office 75 00 13 Cash belonging to the company deposited in bank Hanover National Bank New York 11715067 Baring Co New York 44662 Brown Bros Co New York 2129458 WellsFargo Nevada National Bank San Francisco 24695 Interna tional Banking Corporation San Francisco 44302 total 139581 84 IS I Total cash items Interest due and accrued on stocks and bonds not included in market value uncollected 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 Transatlantic 9697571 Austrian Phoenix 15662971 Traders 6531944 carried at 50 per cent or 3265972 special deposit Philadelphia Pa 10000 total 139656 84 21344 04 195321 07 286365 14 Total assets of the company actual cash market value 2420844 16 IIILIABILITIES 1 Losses unpaid not yet due 3375 00 2 Gross losses in process of adjustment or in suspense including all reported and sup supposed losses 220081 00206 COMPTROLLERGENERALS REPORT Losses resisted including interest costs and other expenses thereon 23200 00 Total gross amount of claims for losses Deduct reinsurance thereon 246656 00 49712 00 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 88934006 unearned pre miums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 111039494 unearned pre miums pro rata 444670 03 79832 21 II 17 19 20 21 23 4 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agen cy and other miscellaneous expenses All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance premiums Total amount of all liabilities except capital and net surplus Deposit capital Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus 196944 00 1024502 24 1687 61 5330 12 1226463 97 200000 00 9943S0 19 2420844 16 IVINCOME DURING THE YEAR Fire Risks Cross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 284847 85 284847 85 Net collected Gross premiums on risks written and re newed during the year 1976519 78 Total 2261367 63 Deduct premiums and bills in course of col lection at this date 195321 07 Entire premiums collected during the year Deduct reinsurance and return premiums 2066046 56 736047 63 Net cash actually received for premiums carried 1329998 93COMPTROLLERGENERALS REPORT 207 73J79 33 10 Received for interest on bonds 12 Income received from all other sources omitting increase if any in value of securities viz Austrian Phoenix Insur ance Company in assets of 1905 57Q0 30 14 Amount of remittances from home office during the year 3187512 91 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 13613912 losses occurring in pre vious years 5376207 23 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1335904 and all amounts actually received for reinsurance in other companies 157779073 total deductions 1591149 77 4596451 47 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rent 600500 advertising 420724 postage and agency charges 32 86200 inspection 2205588 traveling 1946223 sta tionery etc 1010538 sundries 2713844 total 10 Amount sent to home office during the year Aggregate amount of actual expenditures during the year in cash 3785057 46 386504 55 104249 41 34790 21 121836 17 146448 69 4578886 52 SCOTTISH UNION AND NATIONAL INSURANCE COMPANY OF EDINBURGH SCOTLAND Jas H Brewster United States Manager Principal Office in the United States 36 Pearl Street Hartford Conn Edgar S Dunlap Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 30000000 00 2 Amount paid up in cash 1500000 00208 COMPTROLLERGENERALS REPORT 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 432072 interest accrued thereon 132885 total 4 Value of lands mortgaged exclusive of build ings and perishable improvements 392075 00 5 Value of buildings mortgaged insured for 51850000 as collateral 716150 00 131535 96 w 474643 93 5649 57 2000 00 6 Total value of said mortgaged premises car ried inside 1108225 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3011141 69 11 Total amount loaned on stocks bonds and all other securi ties except mortgages 3 Cash belonging to the company deposited in bank National Exchange Bank Hartford Conn 25009273 Imperial Bank of Canada Toronto Out 6595117 Union Build ing and Loan Co Cleveland Ohio 1000000 Lake Shore Banking and Savings Co Cleveland O 500000 First National Bank San Francisco Cal 493326 First National Bank Oakland Cal 565625 total Interest due and accrued on stocks and bonds not included in market value uncollected Interest due and accrued on collateral loans and uncollected 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 341633 41 24604 55 50 00 457382 26 270 68 Total assets of the company actual cash market value 4448912 05 inLIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 281242 66 3 Losses resisted including interest costs and other expenses thereon 10870 00 Total gross amount of claims for losses 292112 66 5 Deduct reinsurance thereon 66661 31 5 Net amount of unpaid losses 225451 35 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less fromCOMPTROLLERGENERALS REPORT 209 date of policy 162529250 unearned pre miums fifty per cent 812646 25 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 197157533 unearned pre miums pro rata 1043399 9 11 Total unearned premiums as computed above carried out 1856045 34 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 15000 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions due agents and brokers 6120709 re turn premiums 4212523 reinsurance 6247721 total 165909 53 20 Total amount of all liabilities except net surplus 2262406 22 23 Surplus beyond capital and all other liabilities 2186505 83 24 Aggregate amount of all liabilities including net surplus 4448912 05 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 264570 66 3 Net collected 264570 66 4 Gross premiums on risks written and re newed during the year 3492631 86 5 Total 3757202 52 6 Deduct premiums and bills in course of col lection at this date 269649 39 7 Entire premiums collected during the year 3487553 13 8 Deduct reinsurance and return premiums 1433752 61 9 Net cash actually received for premiums carried out 2053800 52 10 Received for interest on bonds and mortgages 27725 83 11 Received for interest and dividends on stock and bonds collateral loans and from all other sources 155969 27 12 Income received from all other sources omitting increase if any in value of securities viz Rents 12334 3 15 Aggregate amount of income actually received during the year in cash 2249829 65 14 in210 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 21899049 losses occurring in pre vious years 3J55363 89 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1038932 and all amounts actually received for reinsurance in other companies 121202801 total deductions 1222417 33 3 Net amount paid during the year for losses 1932946 56 6 Paid for commissions or brokerage 448992 47 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 105240 62 8 Paid for State national and local taxes in this and other States 61870 97 9 All other payments and expenditures viz Miscellaneous underwriting expenses 12542339 expenses on real es tate and other investments 6173761 total 187161 00 10 Sent to home offices during the year 343235 00 Aggregate amount of actual expenditures during the year in cash 3079446 62 Business in the State of Georgia during the year Fire risks written 3736303 00 Premiums received gross 42826 45 Losses paid 1775l 47 Losses incurred 21253 69 SHAWNEE FIRE INSURANCE COMPANY OF TOPEKA KAN Joab Mulvane President H S Morgan Secretary Principal Office 701 Jackson Street Roderick K Shaw Atlanta Attorney for Service in Georgia 1CAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 11ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 40000 00 2 Loans on mortgage duly recorded and being tirst liens on the fee simple 616785 00COMPTROLLERGENERALS REPORT 211 3 Interest due on all said bond and mortgage loans 13458 interest accrued thereon 1011591 total 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 securi ties except mortgages Cash in companys principal office 2042 05 Cash belonging to the company deposited in bank Bank of Topeka 7721710 Mer chants National Bank Topeka Kan 5 22839 Pioneer Trust Co Kansas City Mo 511829 total 8756378 12 13 Total cash items 14 Amount of premium notes upon which policies have been issued 15 Interest due and accrued on bonds not included in market value uncollected 16 Interest due and accrued on collateral loans and uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 10250 49 198246 18 29618 00 89605 83 1388 14 1235 27 183 42 105071 08 80 00 Total assets of the company actual cash market value 1092463 41 inLIABILITIES 1 Losses due and unpaid 8326 29 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 247S0 00 4 Total gross amount of claims for losses 3376 29 5 Deduct reinsurance thereon 2226 59 6 Net amount of unpaid losses 3849 7 7 Gross premiums without any deduction re ceived and receivable upon all unexpired hre risks running one year or less from date of policy 36443122 unearned pre miums fifty per cent 822I5 61 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 86466394 unearned pre miums pro rata 492248 66 11 Total unearned premiums as computed above carried out 674464 27212 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance premiums 183251 miscellaneous 13332 total 1965 83 20 Total amount of all liabilities except capital stock and net surplus 707279 80 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 185183 61 24 Aggregate amount of all liabilities including capital paid up and net surplus 1092463 41 IVINCOME DURING THE YEAR Fire and Tornado 4 Gross premiums on risks written and re newed during the year 889363 7 8 Deduct reinsurance and return premiums 198366 20 9 Net cash actually received for premiums carried out 690997 53 10 Received for interest on mortgages 27447 05 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 11357 36 12 Income received from all other sources omitting increase if any in value of securities viz Rents 105325 profit on sale or maturity of ledger assets premium notes 66913 discount 141720 total 3139 58 13 Received for increase capital 100000 00 15 Aggregate amount of income actually received during the year in cash 832941 52 vexpenditures during the year Fire and Tornado Gross amount actually paid for losses in cluding 3574979 losses occurring in pre vious years 287987 57 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 174898 and all amounts actually received for reinsurance in other companies 3007407 total deductions 31823 05 3 Net amount paid during the year for losses 256164 52 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 10000 00 6 Paid for commissions or brokerage 175338 33 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 35141 77 COMPTROLLERGENERALS REPORT 213 Paid for State national and local taxes in this and other States 11210 87 All other payments and expenditures viz Rents 172500 repairs and expenses on real estate2ooi87 advertising printing and stationery 1086790 furniture and fixtures 100143 freight and express 168491 general ex pense 1153869 postage and exchange 378998 pre miums on investments 124297 total 30125 88 Aggregate amount of actual expenditures during the year in cash 521708 24 SOUTHERN FIRE INSURANCE COMPANY OF LYNCHBURG VIRGINIA J Gordon Payne President Holmes Cummins Secretary Principal Office 214216 Ninth Street W A Wright Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 11assets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 130800 00 3 Interest accrued on all said bond and mortgage loans 2049 60 4 Value of lands mortgaged inclusive of buildings and perishable improvements insured for 11726500 as collateral 295500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 16215937 11 Total amount loaned on stocks bonds and all other securities except mortgages 7100000 12 Cash in companys principal office 1271 43 13 Cash belonging to the company deposit ed in bank First National Bank Lynchburg Va 4 10387 First Na tional Bank Richmond Va 6246 49 Lynchburg National Bank Lynch burg Va 15400 American National Bank Lynchburg Va 30649 Peo ples National Bank Lynchburg Va214 COMPTROLLERGENERALS REPORT 2218940 National Exchange Bank Lynchburg Va 31470 total 3321425 Total cash items 15 Interest due and accrued on bonds not included in market value uncollected 16 Interest due and accrued on collateral loans and un collected 17 Cash in hands of agents and in course of transmis 1 sion All other assets both real and personal viz Interest aocrued on bank deposits Total assets of the company actual cash market value 5 34585 38 2032 89 467 40 34676 90 382 15 438154 69 IIILIABILITIES 1 Losses adjusted not yet due i9T4 35 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 2734 37 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all fire risks running one year or less from date of policy 9238769 unearned pre miums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 4105509 unearned premiums pro rata 46193 84 31 122 21 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 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 4648 72 773i6 05 1273 28 83238 05 200000 00 154916 64 24 Aggregate amount of all liabilities including capital paid up and net surplus 43815469COMPTROLLERGENERALS REPORT 215 IVINCOME DURING THE YEAR I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 3 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 Fire Risks 776l 80 7 761 8j 148855 38 156617 18 34676 90 7 Entire premiums collected during the year 121940 28 8 Deduct reinsurance and return pre miums 36784 61 9 Net cash actually received for pre miums carried out 10 Received for interest on bonds and mortgages 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 From stockholders to constitute surplus 13 Received for increase capital 15 Aggregate amount of income actually received during the year in cash 85155 67 6866 99 77258 05 9iS44 15 260824 86 vexpenditures during the year Fire Risks i Gross amount actually paid for losses including 90000 losses occurring in previous years 23862 67 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 744200 and all amounts actually received for reinsurance in other companies 19 91600 total deductions 273 58 3 Net amount paid during the year for losses 2358909 6 Paid for commissions or brokerage 21815 00 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 13363 74216 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 5118 54 9 All other expenditures 10587 88 Aggregate amount of actual expenditures during the year in cash 74474 25 SOUTHERN MUTUAL FIRE INSURANCE COMPANY OF ATHENS GEORGIA Principal Office 102 and 104 College Avenue Billups Phinizy President A E Griffith Secretary ICAPITAL This is a mutual company having no capital stock its assets at present market value amount to 1076439 29 11assets I Market value of real estate owned by the company less the amount of incumbrances thereon 20000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 976595 00 13 Cash belonging to the company deposit ed in bank Georgia National Bank of Athens Georgia 56363 40 Total cash items 56363 40 15 Interest due and accrued on stocks not included in market value uncollected 19728 75 17 Cash in hands of agents and in course of transmis sion 3752 14 Total assets of the company actual cash market value 1076439 29 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one or less 14000 00 14000 00COMPTROLLERGENERALS REPORT 217 from date of policy 31771432 un earned premiums fifty per cent158857 16 ii Total unearned premiums as computed above carried out 20 Total amount of all liabilities except scrip and net surplus 22 Scrip outstanding 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 158857 16 172857 16 136477 82 767104 31 1076439 29 TVINCOME DURING THE YEAR 7 Entire premiums collected during the year 8 Deduct return premiums Fire Risks 322642 99 4928 67 9 Net cash actually received for premiums carried out 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting in crease if any in value of securities 15 Aggregate amount of income actually received during the year in cash 317714 32 435i6 25 245 00 36i475 57 VEXPENDITURES DURING THE YEAR I Gross amount actually paid for losses including 5 46394 losses occurring in previous years 77534 56 5 Scrip or certificates of profits redeemed in cash 208036 71 6 Paid for commissions or brokerage 47743 01 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 1619000 8 Paid for State national and local taxes in this and other States 1013100 9 All other payments and expenditures viz Express account 244 10 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year 361679 38 Fire risks written Premiums received gross Losses paid Losses incurred 32328679 00 317714 32 77534 56 86070 62218 COMPTROLLERGENERALS REPORT SOUTHERN INSURANCE COMPANY OF NEW ORLEANS LA Robt Dickson President Scott McGehee Secretary Principal Office 727 and 729 Gravier St New Orleans La J L Riley Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 IIASSETS 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 2484 13 Cash belonging to the company de posited in bank 43822 45 Total cash items 17 Cash in hands of agents and in course of transmis sion Agency balances Total assets of the company actual cash market value IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 36399 00 3 Losses resisted including interest costs and other expenses thereon 119000 4 Total gross amount of claims for losses 37589 00 5 Deduct reinsurance thereon 7929 00 6 Net amount of unpaid losses j 7 Gross premiums without any deduction received and receivable upon all un expired fire risks running one year or less from date of policy 409 66621 unearned premiums fifty per cent 204833 11 8 Gross premiums without any deduction received and receivable upon all un expired fire risks running more than 409950 00 43847 29 169769 25 623566 54 29660 00COMPTROLLERGENERALS REPORT one year from date of policy 113 27271 unearned premiums pro rata 70779 2 219 19 Total unearned premiums as computed above carried out All other demands against the company absolute ana contingent due and to become due admitted and contested viz Reinsurance premiums 21 23 24 275612 93 7610 82 Total amount of all liabilities except capital stock and 312883 75 net surplus v Joint stock capital actually paid up in cash 200000 00 Surplus beyond capital and all other liabilities 110682 79 Aggregate amount of all liabilities including capital paid up and net surplus 623566 51 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement Deduct amount of same not collected Net collected Gross premiums on risks written and renewed during the year IVINCOME DURING THE YEAR Fire 26423 30 2777 95 23645 35 630705 54 Total 654350 89 Deduct premiums and bills in course of collection at this date 169769 25 Net cash actually receiv ed for premiums car ried out Marine and Inland 2169 68 2169 68 Entire premiums collect ed during the year 48458164 2169 68 Deduct reinsurance and return premiums 13609469 114 45 348486 95 2055 23 350542 18rt5f 220 COMPTROLLERGENERALS REPORT II Received for interests and dividends on stocks and bonds collateral loans and from all other sources 16051 71 15 Aggregate amount of income actually received during the year in cash 366593 89 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses includ ing 990129 losses oc curring in previous years 3 2 Deduct all amounts ac tually received for sal vages whether on losses of the last or of previous year 13994 and all amounts ac tually received for rein surance in other com panies 1833491 total deductions Fire Marine and Inland 145220 28 492 53 18474 85 3 Net amount paid during the year for losses 126745 43 492 53 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 1600000 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 etc 1093524 general expenses 2459544 de preciation on investments 472500 total Aggregate amount of actual expenditures during the year in cash g 127237 96 16224 00 116408 20 37759 39 10873 26 40255 68 348758 49COMPTROLLERGENERALS REPORT 221 SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF MASSACHUSETTS A W Damon President W J Mackay Secretary Home Office 195 State Street Springfield Mass C L Strong Co Atlanta Attorneys for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets December 31 1905 6403302 83 4 Extended at 6403302 83 IIINCOME 5 Gross premiums 5956466 54 6 Deduct reinsurance rebate abatement and return premiums 1 382212 12 7 Total premiums other than perpetual 457425442 9 Interest on mortgage loans 26590 79 10 Interest on collateral loans 342 11 11 Interest on bonds and dividends on stocks 169167 57 12 Interest on deposits 14392 51 14 Gross rents from companys property including 10000 for companys oc cupancy of its own buildings 16214 91 15 Total interest and rents 226707 89 16 Profit on sale or maturity of ledger assets 421583 28 36 Total income 5222545 59 IIIDISBURSEMENTS Fire Risks i Gross amount paid for losses includ ing 28247669 occurring in previous years 4054222 02 2 Deduct amount received for salvages 687259 and for reinsurance in other companies 69821829 705090 88 3 Net amount paid for losses 3349131 T4 5 Paid stockholders for interest or dividends amount declared during the year 200000 00222 COMPTROLLERGENERALS REPORT 8 Commissions or brokerage 9 Salaries fees and all other charges of officers direc tors trustees clerks agents and other employees 10 Rents for companys occupancy of its own buildings 12 Taxes on real estate 13 All other taxes licenses and insurance department fees Loss on sale or maturity of ledger assets All other disbursements Traveling expenses 188 93760 office and agency supplies 5023470 maps 1263921 legal expenses 651716 advertising and incidental expenses 17270084 total 14 21 38 Total disbursements 866504 44 199120 97 10000 00 6132 00 24907 2T 16626 08 431029 51 203451 35 IVLEDGER ASSETS i Book value of real estate unincumbered 352443 92 2 Mortgage loans on real estate first liens 76807000 3 Loans secured by pledge of bonds stocks or other collaterals 4 Book value of bonds excluding interest 98003987 and stocks 288533611 5 Cash in companys office 470806 deposited in banks Third National Springfield 7300014 Third Na tional Springfield 36962607 Chicopee National Springfield 8537218 Springfield National Spring field 53SS654 total 6 Agents balances representing business written subse quent to October 1 1906 844244 18 6000 00 3865375 98 586262 99 14 Total ledger assets 642239707 NONLEDGER ASSETS 15 Interest accrued on mortgages 16 Interest accrued on bonds 17 Interest accrued on collateral loans 12940 13 16493 75 150 00 20 Total 22 Market value not including interest in item 16 of bonds and stocks over book value 29583 88 484724 02 26 Gross assets 6936704 97 DEDUCT ASSETS NOT ADMITTED 33 Depreciation from book value of ledger assets to bring same to market value viz Real estate 443 92 37 Total admitted assets 6936261 05COMPTROLLERGENERALS REPORT 223 VLIABILITIES 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of adjustment or in suspense including all reported and supposed losses 3 Gross iclaims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 63310 42 304164 S3 25170 84 39264s 79 60118 18 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 interest premiums on perpetual fire risks 312746167 unearned pre miums fifty per cent 156373083 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 3371 34752 unearned premiums pro rata 1868878 02 332527 61 12 Total unearned premiums as computed above 3432608 26 Total amount of all liabilities except capital 3765136 46 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 117112459 29 Surplus as regards policyholders 3171124 59 30 Total liabilities 6936261 05 Business in the State of Georgia during the year Fire risks written 445762400 Gross premiums received 58227 23 Losses paid 31733 19 Losses incurred 30277 72 COMPTROLLERGENERALS REPORT ST PAUL FIRE AND MARINE INSURANCE COMPANY OF SAINT PAUL MINN C H Bigelow President A W Perry Secretary Principal Office Corner Third and Jackson Streets St Paul Minn J L Riley Atlanta Attorney for Service in Georgia ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 500000 oo 500000 00 213793 93 622410 00 IJASSETS Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Value of lands mortgaged exclusive of buildings and perishable improve ments 40186000 Value of buildings mortgaged insured for 67775000 as collateral 93M9 00 6 Total value of said mortgaged premises carried inside i33335o 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 273368250 12 Cash in companys principal office 8514 56 13 Cash belonging to the company de posited in bank Merchants Na tional Bank St Paul 13216083 National GermanAm Bank St Paul 6274562 U S Mortgage and Trust Co New York 7429762 Roberts Lubbock Co London 2433240 total 293536 47 Total cash items Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Due from other companies for reinsurance 11093390 agents balances 32219718 other assets 112500 total 302051 03 24088 42 434256 08 Total assets of the company actual cash maket value 4430 281 96COMPTROLLERGENERALS REPORT 225 IIILIABILITIES z Gross losses in process of adjustment or in suspense including all reported and supposed losses 443769 69 3 Losses resisted including interest costs and other expenses thereon 3II73 4 Total gross amount of claims for losses 474942 69 5 Deduct reinsurance thereon 64635 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 1570 60795 unearned premiums fifty per cent 8 Gross premiums without any deduc tions received and receivable upon all unexpired fire risks running more than one year from date of policy 328800425 unearned premiums pro rata 9 Gross premiums without any deduc tion including both cash and bills received and receivable upon all un expired inland navigation and marine risks 410307 57 785303 98 1803229 69 58 658 95 II Total unearned premiums as computed above carried out 2647192 62 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commissions due agents 3726 76 20 Total amount of all liabilities except capital stock and net surplus 3061226 95 21 Joint capital actually paid up in cash 500000 00 2 Surplus beyond capital and all other liabilities 869055 01 24 Aggregate amount of all liabilities including capital paid up and net surplus 4430281 96 IVINCOME DURING THE YEAR Fire 4 Gross premiums on risks written and renewed during the year 403182245 lMll Marine and Inland 758 39226 COMPTROLLERGENERALS REPORT 8 Deduct reinsurance return premiums and 11029 83 229379 72 9 Net cash actually receiv ed for premiums car ried out 319079262 46937867 366017129 10 Received for interest on mortgages 31029 72 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 131220 05 12 Income from all other sources omitting increase if any in value of securities viz Rents 3092859 gain on sale or maturity of securities etc 16 12936 total 47057 95 15 Aggregate amount of income actually received during the year in cash 3869479 01 1 Gross amount actually paid for losses includ ing 32356848 losses occurring in previous years 2 Deduct all amounts ac tually received for sal vages whether on losses of the last or of previous years 42 81105 ad all amounts actually received for reinsurance in other companies 121831916 total deductions EXPENDITURES DURING THE YEAR Fire Marine and Inland 3494217 40 443993 59 1078121 03 183009 18 3 Net amount paid during the year for losses 2416096 37 260984 41 2677080 78 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 838142 11 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 115479 01 8 Paid for State national and local taxes in this and other States 10214544 9 All other payments and expenditures 209174 98 Aggregate amount of actual expenditures during the year in cash 3992022 32COMPTROLLERGENERALS REPORT 227 Business in the State of Georgia during the year Risks written Premiums received gross Losses paid Losses incurred Fire 3718676 00 51978 02 27329 47 26781 73 Marine and Inland j i402189 00 5000 89 955 86 9SS 86 Aggregate 5120865 00 56978 91 28285 33 27737 59 SUN INSURANCE OFFICE LONDON ENG U S BRANCH J J Guile Manager Principal Office 54 Pine Street New York Jesse M Manry Atlanta Attorney for Service in Georgia IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 27100000 2 Loans on bonds and mortgages duly recorded and being first liens on the fee simple 50000 00 3 Interest due and accrued on all said bond and mort gage loans 375 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 40000 CO 5 Value of buildings mortgaged insured for 4000000 as collateral 47500 00 6 Total value of said mortgaged premises carried inside 8750000 9 Total par and market value of stocks and bonds own ed absolutely by the company carried out at market value 2426929 12 12 Cash in companys principal office 757 33 13 Cash belonging to the company de posited in bank Bank of New York 26675553 Merchants National Bank 11819057 National Bank of Com mence 395118 Mercantile Trust Company 182877 Commercial Na tional Bank Chicago 21 32720 total 412053 25 Total cash items 412 F10 58228 COMPTROLLERGENERALS REPORT 16 Interest due and accrued on collateral loans and 1111 collected 29784 57 17 Cash in hands of agents and in course of transmission 365854 58 Total assets of the company actual cash market value 3556753 85 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 32217826 3 Losses resisted including interest costs and other expenses thereon 1342400 4 Total gross amount of claims for losses 335602 26 5 Deduct reinsurance thereon 4721891 6 Xet amount of unpaid losses 288383 35 7 Gross premiums without any deduction received and receivable upon all 1111 expired risks running one year or less from date of policy 1918 52147 unearned premiums fifty per cent 959260 73 8 Gross premiums without any deduction received and receivable upon all un expired lire risks running more than one year from date of policy 2 52373380 unearned premiums pro rata 135869767 11 Total unearned premiums as computed above carried out 2317958 40 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Salaries rent and taxes 588220 reinsurance 671691 total 12599 II 20 Total amount of all liabilities except capital stock and net surplus 2618940 86 23 Surplus beyond capital and all oilier liabilities 037X1299 24 Aggregate amount of all liabilities including capital paid up and net surplus 3556753 85COMPTROLLERGENERALS REPORT 229 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 3547523 09 8 Deduct reinsurance and return premiums 803304 68 9 Net cash actually received for premiums carried out 274421841 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 100054 70 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1080215 net profit on sale of securities 1684756 14 Amount of remittances from home office during the year 21048018 15 Aggregate amount of income actually received during the year in cash 4978974 62 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses including 17078552 losses accurring in previous years 3874117 75 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 560633 and all amounts actually received for rein surance in other companies 1151 96563 total deductions 1157571 96 3 Net amount paid during the year for losses 2716545 79 4 Reinsurance recovered and retained by home office on account of San Francisco losses 714425 22 6 Paid for commissions or brokerage 631293 00 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 12914998 8 Paid for State national and local taxes in this and other States 66879 36 9 All other payments and expenditures viz Rents 2212600 general and agency expenses 9512427 postage 1312282 advertising 1127830 station ery and printing 1800074 maps 774981 total 167401 94 10 Amount sent to home offices during the year 100000 00 Aggregate amount of actual expenditures during the year in cash 4525695 29230 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written 211248600 Premiums received gross 42fi27 74 Losses paid P 06 Losses incurred 16382 99 SUN INSURANCE COMPANY OF NEW ORLEANS LA Charles Janvier President Wm P Mans Secretary Principal Office 308 Camp Street Thomas C Whitner Atlanta Attorney for Service in Georgia CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 500000 00 11ASSETS 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 40 00 13 Cash belonging to company deposit ed in bank 131 20 Total cash items All other assets both real and personal viz Due from other companies for reinsurance on losses al ready paid Connecticut Fire Insurance Co 090 premiums in course of collection 64559 86 less amount due over three months 151436 6304550 total 40000 00 1006255 00 11171 20 63046 40 Total assets of the company actual cash market value 112047260 IIILIABILITIES 1 Losses adjusted not yet due T5778 99 2 Gross losses in process of adjustment or in suspense including all report ed and supposed losses 38678 26COMPTROLLERGENERALS REPORT 231 Losses resisted including interest costs and other expenses thereon 2705 18 Total gross amount of claims for losses 57162 43 Deduct reinsurance thereon l6442 65 14 IS 16 18 19 Net amount of unpaid losses P Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 282 00162 unearned premiums fifty per cent 141000 81 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 26397831 unearned premiums pro rata 143739 62 Total unearned premiums as computed above carried out Amount of dividends declared but not yet due 2500 00 Dividends declared and remaining un paid or uncalled for 1205 00 31 23 34 Cash dividends to stockholders remaining unpaid Amount of borrowed money All other demands against the company absolute and contingent due and to become due admitted and contested viz Unpaid reinsurance 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 407I9 78 284740 43 26205 35000 00 10367 32 397032 53 500000 00 223440 07 1120 472 60 IVINCOME DURING THE YEAR Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement 3 Net collected Fire Risks 54347 26 Marine and Inland Risks 54347 26232 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and renewed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collect ed during the year S Deduct reinsurance and re turn premiums 637300 24 29578 52 691647 50 63045 50 628602 00 238405 17 29578 52 29578 52 9847 16 9 Net cash actually re ceived for premiums carried out 390196 83 19731 36 409928 19 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 41040 00 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 300000 bills payable 13900000 total 14200000 15 Aggregate amount of income actually received during the year in cash 592968 19 EXPENDITURES DURING THE YEAR Gross amount actually paid for losses includ ing 4777895 losses occurring in previous years Deduct all amounts ac tually received for sal vages whether on losses of the last or of previous year 1 73936 and all amounts actually received for re insurance in other com panies 4754203 total deductions 258567 17 49180 42 2490 51 100 97 3 Net amount paid dur ing the year for losses 209386 75 2389 54 211776 29 4 Cash dividends actually paid to stockholders amount of stockholders dividends declared during the year 50325 00 6 Paid for commissions or brokerage 80834 36COMPTROLLERGENERALS REPORT 233 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 22965 00 8 Paid for State national and local taxes in this and other States 1090068 9 All other payments and expenditures viz Rents 300000 taxes on real estate 112000 taxes on assets 239410 165530 08 Aggregate amount of actual expenditures during the year in cash 548845 51 Business in the State of Georgia during the year Fire risks written 3122523 00 Premiums received gross 60154 52 Losses paid 28311 89 Losses incurred 28436 89 UNION ASSURANCE SOCIETY OF LONDON ENGLAND Hall Henshaw U S Managers Principal Office 35 Pine Street New York City C L Stoney Atlanta Attorney for Service in Georgia 1CAPITAL I Whole amount of capital stock statutory deposit 305000 00 IIASSETS I Market value of real estate owned hy the company less the amount of incumbrances thereon 325000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 830895 00 12 Cash in companys principal office 20 91 13 Cash belonging to the company deposited in bank Franklin Trust Co New York 65 58485 National City Bank New York 1095698 Canadian Bank of Commerce San Francisco 1439529 J total 90937 12 Total cash items 90958 03 15 Interest due and accrued on stocks not included in market value uncollected 874 7 17 Cash in hands of agents and in course of transmission for uncollected premiums 61524 35 Total assets of the company actual cash market value 1320451 45234 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid adjusted not yet due 74258 03 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 72514 S3 14103 04 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 160875 60 61015 31 6 Net amount of unpaid losses 7 Gross premiums without any ceived and receivable upon fire risks running one year date of policy 72508855 miums fifty per cent 8 Gross premiums without any ceived and receivable upon fire risks running more than date of policy 66076442 miums pro rata deduction re all unexpired or less from unearned pre deduction re all unexpired one year from unearned pre 99860 2C 362544 27 350408 41 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 Return premiums 30000 reinsurance 2012050 712952 68 20420 50 20 Total amount of all liabilities except net surplus 833233 47 23 Surplus beyond capital and all other liabilities 487217 98 24 Aggregate amount of all liabilities including net surplus 1320451 45 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 1658823 99 8 Deduct reinsurance and return premiums 619439 02 9 Net cash actually received for premiums carried out 1039384 97 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 44737 19 12 Income received from all other sources omitting increase if any in value of securities 15281 40 13 Received for profit on sale of bonds 271 82 14 Remittances from home office during the year 2668560 12 15 Aggregate amount of income actually received during the year in cash 3768235 50COMPTROLLERGENERALS REPORT 235 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 7061783 losses occurring in pre vious years 4691881 79 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 678200 and all amounts actually received for reinsurance in other companies 107277633 total deductions 107955896 3 Net amount paid during the year for losses 3612322 83 6 Paid for commissions or brokerage 281711 20 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 48559 07 8 Paid for State national and local taxes in this and other States 3148939 9 All other payments and expenditures viz printing and sta tionery 619407 advertising 143574 traveling 13 10349 boards 1408333 postage 268802 maps 3 510 41 telegrams 152307 expressage 95037 miscel f 64964 30 laneous 10 Sent to home office during the year 255607 73 Aggregate amount of actual expenditures during the u 4294714 52 year in cash v v Business in the State of Georgia during the year 2046450 00 Fire risks written t j Premiums received gross 1271 4S T 8163 40 Losses paid T j 6264 71 Losses incurred UNITED FIREMENS INSURANCE COMPANY OF PHILADELPHIA Robert B Beath President Dennis J Sweeny Secretary Principal Office 419 Walnut Street W E Chapin Atlanta Attorney for Service in Georgia ICAPITAL Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 00 IIASSETS I Market value of real estate owned by the company less the amount of incumbrances thereon Io8 5236 COMPTROLLERGENERALS REPORT Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans 10730 interest accrued thereon 385033 total Value of lands mortgaged exclusive of buildings and perishable improvements Value of buildings mortgaged insured for 26060000 as collateral 36s8oo 00 231650 00 6 Total value of said mortgaged premises car ried inside n 597450 00 9 lotal par and market value of stocks and bonds owned ab solutely by the company carried out at market value Total amount loaned 911 stocks bonds and all other securi ties except mortgages 12 Cash in companys principal office 6243 51 Cash belonging to the company deposited in bank Real Estate Title Ins Trust Co 2305964 Quaker City National Bank 1874777 Central National Bank 31867 86 t0tal 73675 27 11 Total cash items 16 Interest due and accrued on collateral loans and uncollecied 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 3545245 deposited with Philadelphia Underwriters Assn 10000 perpetual deposit in course of collection 342917 Total assets of the company actual cash market value 298582 00 3957 63 1039045 00 230000 00 799i8 78 341 21 74809 11 38981 62 1934485 35 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and slip py1 losses 7229404 5 Deduct reinsurance thereon 14004 70 6 Net amount of unpaid losses 3 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Ine risks running one year or less from date of policy 41428673 unearned pre miums fifty per cent 207143 37 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from 58289 34COMPTROLLERGENERALS REPORT 287 date of policy 50790965 unearned pre miums pro rata 283207 60 Amount reclaimable on perpetual policies 90 and 95 per cent of deposits 902529 46 11 Total unearned premiums as computed above carried out 1392880 43 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 1400 19 20 Total amount of all liabilities except capital stock and net surplus 1452569 06 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 81915 39 24 Aggregate amount of all liabilities including capital paid up and net surplus 1934485 35 IVINCOME DURING THE YEAR Fire Risks 4 Gross premiums on risks written and re newed during the year 745295 95 8 Deduct reinsurance and return premiums 155276 26 9 Total carried out 590019 69 10 Received for interest on bonds and mortgages 17193 60 11 Received for interest and dividends on stock and bonds collateral loans and from all other sources 54252 63 12 Income received from all other sources omitting increase if any in value of securities viz Rents 634933 profit and loss 711107 total 13460 40 13 Received for increase capital 100000 00 15 Aggregate amount of income actually received during the year in cash 774926 32 Deposit premiums written on perpetual policies 60505 08 Total income 835431 40 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 2609939 losses occurring in pre vious years 967906 66 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 85691 and all amounts actually received for reinsurance in other companies 38343664 total deductions 38429365 3 Net amount paid during the year for losses 583613 01 238 COMPTROLLERGENERALS REPORT 4 Cash dividends actually paid stockholders amount of stock holders 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 Taxes and re pairs on real estate 774154 profit and loss 14360 commission for underwriting increased capital 1000000 advertising postage and stationery 987026 traveling 671186 maps 405736 expense 2010389 legal 51120 total Aggregate amount of actual expenditures during the year in cash Deposit on perpetual policies returned Total disbursements Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 30000 00 143843 50 38939 48 17084 62 59139 71 872620 32 33399 71 906020 03 367832 00 6339 73 i559 53 9o8i 53 UNITED STATES LLOYDS MARINE INSURANCE UNDERWRIT ERS OF NEW YORK N Y Principal Office 1618 Exchange Place New York N Y A F Higgins Herbert Appleton Douglas F Cox Attorneys for the Sub scribers 1CAPITAL 1 Whole amount of original deposit 100000 00 2 Amount paid up in cash 100000 00 irASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 692450 00 12 Cash in companys principal office 2000 00 13 Cash belonging to the company deposited in bank 277660 82 Total cash items 279660 82COMPTROLLERGENERALS REPORT 239 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Reinsurance and salvages 7607582 reinsurance returns 2060000 reinsurance paid on unterminated 6778389 brokerage paid on terminated 2020273 7029 17 401722 74 94662 44 Total assets of the company actual cash market value 1565525 17 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 915415 00 3 Losses resisted including interest costs and other expenses thereon 8805 00 4 Total gross amount of claims for losses 924220 00 5 Deduct reinsurance thereon 642980 00 d Net amount of unpaid losses 281240 00 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unex pired inland navigation and marine risks 472283 52 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses I745 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums 1500000 on deposit with us in trust 5622088 71220 88 20 Total amount of all liabilities except capital stock and net surplus 842194 40 21 Joint stock capital actually paid up in cash amount of orig inal deposit 100000 00 23 Surplus beyond capital and all ether liabilities 623330 77 24 Aggregate amount of all liabilities including capital paid up and net surplus 156552s 17 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 2 Deduct amount of same not collected 3 Net collected Marine and Inland Risks 255159 95 2241 12 252918 83 240 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 2477513 30 5 Total 2730432 13 6 Deduct premiums and bills in course of col lection at this date 399481 62 7 Entire premiums collected during the year 2330950 51 8 Deduct reinsurance and return premiums 1479479 20 9 Net cash actually received for premiums carried out 11 Received for interest and dividends on stocks bonds col lateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Commission 20710088 exchange 624777 total 851471 31 32990 45 213348 65 15 Aggregate amount of income actually received during the year in cash 1097810 41 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 7013107 losses occurring in pre vious years 73835024 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies 124944 16 3 Net amount paid during the year for losses 613406 08 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 251592 72 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 96655 98 8 Paid for State national and local taxes in this and other States 18898 91 9 All other payments and expenditures viz Rent 876000 depreciation on investments 725000 total 16010 00 Aggregate amount of actual expenditures during the year in cash 1046563 69COMPTROLLERGENERALS REPORT 241 VIRGINIA STATE FIRE INSURANCE COMPANY OF RICHMOND VIRGINIA Geo L Christian President Robt Lecky Jr Secretary Principal Office Corner Fifth and Main Streets ICAPITAL i Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 11ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 100891 92 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 39836 88 3 Interest due on all said bond and mortgage loans 1033 20 4 Value of lands mortgaged exclusive of buildings and perishable improvements 3805000 5 Value of buildings mortgaged insured for 6265000 as collateral 117300 00 6 Total value of said mortgaged premises car ried inside 155350 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 460555 00 12 Cash in companys principal office 8493 35 13 Cash belonging to the company deposited in bank State Bank of Virginia 2298670 Total cash items 31 8o 5 15 Interest due and accrued on stocks not included in market value uncollected 7o84 87 16 Interest due and accrued and uncollected on other assets 573 12 17 Cash in hands of agents and in course of transmission 165063 52 18 Bills receivable not matured taken for fire risks 2001 04 All other assets both real and personal viz Open accounts 399236 brokerage premiums 639046 furniture fix tures and printing office 250000 I2882 82 Total assets of the company actual cash market value 821402 42 IIILIABILITIES 1 Losses unpaid yet yet due 23224 60 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3669664 18 in242 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest costs and other expenses thereon 2075 00 4 Total gross amount of claims for losses 61996 24 5 Deduct reinsurance thereon 6025 71 6 Net amount of unpaid losses 7 Gross premiums without any ceived and receivable upon fire risks running one year date of policy 42835678 miums fifty per cent 8 Gross premiums without any ceived and receivable upon fire risks running more than date of policy 25905770 miums pro rata deduction re all unexpired or less from unearned pre 214178 39 deduction re all unexpired one year from unearned pre 155183 32 55970 53 369361 71 266 00 36671 97 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 due or to become due 3612686 rein surance premiums 54511 total 20 Total amount of all liabilities except capital stock and net surplus 46227021 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 159132 21 34 Aggregate amount of all liabilities including capital paid up and net surplus 821402 42 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 107843 26 3 Net collected 107843 26 4 Gross premiums on risks written and re newed during the year 842145 99 5 Total 949989 25 6 Deduct premiums and bills in course of col lection at this date 165063 52 7 Entire premiums collected during the year 784925 73 8 Deduct reinsurance and return premiums 227481 62 9 Net cash actually received for premiums carried out 557444 IICOMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages ir Received for interests and dividends on stocks and bonds collateral loans and fronj all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 952374 profit on sale of real estate 60951 total 15 Aggregate amount of income actually received during the year in cash 243 2224 49 11436 38 10133 25 581238 23 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 3824596 losses occurring in pre vious years 299816 83 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 245752 and all amounts actually received for reinsurance in other companies 3820589 total deductions 4066341 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred 259153 42 11986 50 113537 32 28491 06 5612 65 99763 04 5i8543 99 674852 00 11468 32 3261 44 5320 32m 244 COMPTROLLERGENERALS REPORT WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK George R Crawford President Morell O Brown Secretary Principal Office ioo William Street New York Edgar Dunlap Atlanta Attorney for Service in Georgia capital 1 Whole amount of capital stock 2 Amount paid up in cash 300000 00 300000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage l duly recorded and being first liens on the fee simple 3 Interest due on all said bond and m rtgage loans 14155 interest accrued thereon 181059 total 4 Value of lands mortgaged exclusive of build ings and perishable improvements 48870000 5 Value of buldings mortgaged insured for 3uroooo as collateral 428650 00 1067 00 41 Si 85 00 3057 H 6 Total value of said mortgaged premises car ried inside 9735o 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried nut at market value 2692500 00 12 Cash in companys principal office 6336 78 13 Cash belonging to the company deposited in bank Chatham National Hank New York 12980002 Union Trust Co 10675700 23655702 Total cash items 2 42893 80 15 Interest due and accrued on stocks not included in market value uncollected 17850 00 17 Cash in hands of agents and in course of transmission 352123 51 Total assets of the company actual cash market value 3738676 45 IIILIABILITIES 1 Losses adjusted and unpaid 67565 15 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 192984 49COMPTROLLERGENERALS REPORT 245 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6500 00 267049 64 29146 72 Net amount of unpaid losses 237902 92 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 156516000 unearned pre miums fifty per cent 782580 00 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 254351024 unearned pre miums pro rata 1330031 06 II Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agen cy and other miscellaneous expenses 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 2500000 excess of original premiums over amount re ceived for reinsurance 4688714 total 21 23 24 2112611 06 5000 00 718 14 Total amount of all liabilities except capital stock and net surplus 2427401 12 Joint stock capital actually paid up in cash 300000 00 Surplus beyond capital and all other liabilities 1011275 33 Aggregate amount of all liabilities including capital paid up and net surplus 3738676 45 IVINCOME DURING THE YEAR Fire Risks Gross premiums on risks written and re newed during the year 350292053 Deduct reinsurance and return premiums 727825 42 15 Net cash actually received for premiums carried out 2775095 11 Received for interest on bonds and mortgages 18010 24 Received for interests and dividends on stock and bonds collateral loans and from all other sources 121620 82 Income received from all other sources omitting increase if any in value of securities 4073579 rents 51485 total 41250 64 Aggregate amount of income actually received during the year in cash 2955976 81246 COMPTROLLERGENERALS REPORT vexpenditures during the year Fire Risks 1 Gross amount actually paid for losses in cluding 17549020 losses occurring in pre vious years 2299193 79 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1101941 and all amounts actually received for reinsurance in other companies 28785811 total deductions 298877 52 3 Net amount paid during the year for losses 2000316 27 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 90000 00 6 Paid for commissions or brokerage 578457 88 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 144864 61 8 Paid for State national and local taxes in this and other States 58778 58 9 All other payments and expenditures viz Postage tele graph and express advertising fire patrols general agen cy maps traveling etc 223852 20 Aggregate amount of actual expenditures during the year in cash 3096269 54 Business in the State of Georgia during the year Fire risks written 2626310 00 Premiums received gross 3968 96 Losses paid 12327 91 Losses incurred 16396 90 WESTERN ASSURANCE COMPANY OF TORONTO CANADA Geo A Cox President C C Foster Secretary Principal Office 22 Wellington Street Fast IIassets 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1814947 16 12 Cash in companys principal office 26 46 13 Cash belonging to the company deposited in bank Wm Gray and H B Walker agents Canadian Bank of Commerce New York 44820622 Corn Exchange Nat Bank Chicago 447619 United States MortCOMPTROLLERGENERALS REPORT 247 gage and Trust Co New York 500000 total 457682 41 Total cash items 457708 87 15 Interest due and accrued on stocks not included in market value uncollected 22536 98 17 Cash in hands of agents and in course of transmission 205212 48 18 Bill receivable not matured taken for fire marine and in land risks 18 179 03 Total assets of the company actual cash market value 2518584 52 IIILIABILITIES 1 Losses due and unpaid 66077 41 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 337338 15 3 Losses resisted including interest costs and other expenses thereon 11035 00 6 Net amount of unpaid losses 414450 56 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 176350892 unearned pre miums fifty per cent 88175446 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 132863580 unearned pre miums pro rata 702056 72 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 8899123 fifty per cent 44495 61 Mar time hull 4530530 fifty per cent 22652 65 10 Gross premiums without any deductions re ceived and receivable on all unexpired ma rine risks ocean cargo 100 per cent 5113 25 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 1656072 69 25429 62 Total amount of all liabilities except capital and net surplus 2095952 87248 COMPTROLLERGENERALS REPORT 21 Deposit capital 23 Surplus beyond capital and all other liabilities 201000 00 221631 65 24 Aggregate amount of all liabilities including capital paid up and net surplus 2518584 52 IVINCOME DURING THE YEAR Marine and Fire Risks Inland Risks I Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 41118554 6i455 9i 3 Net collected 4 Gross premiums on risks writ ten and renewed during the year 2979767 15 411185 54 61455 91 580244 25 5 Total 3390952 69 641700 16 6 Deduct premiums and bills in course of collection at this date 176380 95 47oio 56 7 Entire premiums collected dur ing the year 321457174 59468960 8 Deduct reinsurance and return premiums 780313 74 194158 28 9 Net cash actually received for premiums carried out 2434258 00 400531 32 2834789 32 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 60862 33 14 Amount of remittance from home office dur ing the year 1291859 49 15 Aggregate amount of income actually received during the year in cash 2895651 65 VEXPENDITURES DURING THE YEAR Mai ine and Fire Risks Inland Risks 1 Gross amount actually paid for losses including 11088075 losses occuring in previous years 2947483 92 352097 42 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of previous year 1991042 and all amounts actually re COMPTROLLERGENERALS REPORT 249 ceived for reinsurance in other companies 28377106 total deductions 261699 29 41982 19 3 Net amount paid during the year for losses 2685784 63 3IOU5 23 2995899 86 6 Paid for commissions or brokerage 553532 90 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 994S 06 8 Paid for State national and local taxes in this and other States 6835c7l 9 All other payments and expenditures viz Miscellaneous 153975 01 Affereeate amount of actual expenditures during the u 3871439 20 year in cash v J Business in the State of Georgia during the year Marine and Fire Inland Aggregate Risks written 3477705 00 687932 00 4165637 00 Premiums received gross 41561 50 2429 31 4399 81 Tosses paid 2993053 264844 32578 97 Losses incurred 3UI03 44 33751 65 WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOKLYN N Y Marshall S Driggs President Frederick H Way Secretary Principal Office 150 Broadway New York W R Hoyt Atlanta Attorney for Service in Georgia CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 250000 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 said bond and mortgage loans 4 Value of lands mortgaged exclusive of build ings and perishable improvements 698500 00 5 Value of buildings mortgaged insured for 29350000 as collateral 378500 00 6 Total value of said mortgaged premises car ried inside 1077000 00 250000 00 108929 76 540100 00 1951 87 250 COMPTROLLERGENERALS REPORT 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value i Total amount loaned on stocks bonds and all other securi ties except mortgages Cash in companys principal office 10156 63 Cash belonging to the company deposited in bank Chatham National New York 30 42924 First National Brooklyn 115416 37 Mechanics National Brooklyn 3629 42 Williamsburgh Trust Co 2500000 Broadway Trust Co 5000000 total 224473 03 12 13 1228325 00 44250 00 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued on collateral loans and uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 234631 66 11498 24 184 37 172229 37 771 67 Total assets of the company actual cash market value 2342871 94 IIILIABILITIES 1 Losses unpaid not due 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 4768 92 326748 17 4486 39 336003 48 110527 97 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 81874775 unearned pre miums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 127525362 unearned pre miums pro rata 225475 51 409373 88 679897 61 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agen cy and other miscellaneous expenses 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 1089271 49 6712 69 7318 62 1328778 31COMPTROLLERGENERALS REPORT 251 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 250000 00 764093 63 24 Aggregate amount and net surplus of all liabilities including capital paid up 2342871 94 IVINCOME DURING THE YEAR Fire Risks 7 Entire premiums collected during the year 1568339 52 8 Deduct reinsurance and return premiums 296196 47 9 Net cash actually received for premiums carried out 1272143 05 10 Received for interest on bonds and mortgages TO333 13 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 61048 99 12 Income received from all other sources omitting increase if any in value of securities viz Rents 5832004 profit on sale of stocks and premiums 17781625 total 236136 29 15 Aggregate amount year in cash of income actually received during the 1579661 46 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in Fire Risks eluding 9353251 losses occurring in pre vious years 168564654 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 327679 and all amounts actually received for reinsurance in other companies 38034110 total deductions 38361789 Net amount paid during the year for losses 1302028 65 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employees Paid for State national and local taxes in this and other States and licenses All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Business in the Slate of Georgia during the year 75000 00 309097 09 106014 47 358i6 9 102814 37 1930771 52 Fire risks written Premiums received gross Losses paid Losses incurred 2240110 00 36437 18 n338 14 10002 20252 COMPTROLLERGENERALS REPORT AMERICAN ASSURANCE COMPANY OF PENNSYLVANIA Reinbold R Koch President Walter W Connel Secretary Principal Office 14 S Broad Street Philadelphia Pa ICAPITAI STOCK I Amount of capital stock paid up in cash 15000000 Amount of net ledger assets Decem ber 31 of previous year 152999 16 Increase of capital during 1906 50000 00 Extended at IIINCOME DURING YEAR 1906 I Cash received for premiums on new policies without deductions for com missions or other expenses 16897 13 1 Cash received for renewal premiums without deductions for commissions or other expenses 3851343 7 Total premium income 3 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 11 Cash received for interest on other debts due the company ro From all other sources viz Premiums other than life 17740084 policy fees 1933775 surplus from increase stock 45000 other sources 10514 Total IIIDISBURSEMENTS FOR THE YEAR I906 1 Cash paid for death claims including revisionary ad ditions 3 7 Total net amount actually paid for losses and ma tured endowments 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 211172 renewals 770269 18 Cash paid for salaries and allowances to managers and agents 202999 16 55410 56 461 12 7414 53 449 82 241843 77 305579 7o 14346 4 14346 40 10000 00 9814 41 20434 7iCOMPTROLLERGENERALS REPORT 253 19 Cash paid for medical examiners fees 700 15 20 Cash paid for salaries and all other compensation of officers and other home office employees 38377 43 21 Cash paid for taxes on new premiums and on re newals 184881 capital stock 75000 259881 23 Cash paid for insurance department fees and agents licenses 1199 7 24 Cash paid for rent including companys occupancy 7487 74 27 Cash paid for advertising 79073 printing and sta tionery 660406 express and postage 372300 1111779 28 Cash paid for legal expenses 304 79 29 Cash paid for the following items viz Agency super vision traveling 520164 adjustment claims life 8648 adjustment claims other than life 200000 claims paid other than life 7320213 commissions and collections other than life 3997446 policy fees to agents 1933775 traveling expenses 1 71435 telephone 15579 all other sources 1 09219 25914629 30 Total disbursements 259146 29 IVASSETS AS PER LEDGER ACCOUNT 2 Loans on mortgage first liens on real estate 9142 66 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 220375 50 7 Cash in companys office 2103 50 8 Cash deposited in banks 10876 43 10 Agents ledger balances 97367 furniture and fixtures 458456 printing plant 137631 693454 13 Total net or ledger assets 249432 63 OTHER ASSETS 14 IS 23 Interest accrued on mortgages Interest accrued on bonds and stocks Gross premiums due and unreported on policies in force December 31 1906 Renewals 25 Deducting loading 20 per cent on re newals 983 09 196 62 26 Net amount of uncollccted and deferred premiums 27 Gross premiums due and unreported other than life 400723 supplies printed matter and stationery 150000 144 18 i78 33 786 47 5507 23 28 Total assets as per the books of the company 257618 84254 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 2 Furniture fixtures and safes 4584 56 5 Agents balances 973 67 7 Printing plant 1376 31 8 Supplies printed matter andstationery 1500 00 Total g Total assets less items not admitted 8434 54 249184 30 VLIABILITIES I Net present value of all the outstanding policies in force on the 31st day of December 1906 computed according to The Actuaries Table of Mortality with 4 per cent interest to 1901 and 3 12 per cent since 1901 5 Claims for death losses in process of adjustment or adjusted and not due 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders Claims reported and proofs not received other than life 13 Amount due on account of salaries rents and office expenses it Amount of any other liability of the company viz Premiums paid in advance life 24594 other than life 100250 Cost of collection other than life 80144 unearned premiums on casualty business 903124 17 Liabilities on policyholders account 18 Gross surplus on policyholders account Capital stock 15000000 surplus 2899125 lo Total liabilities 249184 30 53732 00 910 00 4079 67 390 26 1248 44 9832 68 70193 05 178991 25 AMERICAN NATIONAL INSURANCE COMPANY OF GALVES TON TEXAS W L Moody Jr President H Sheffield Jr Secretary Principal Office Galveston Texas ICAPITAL STOCK Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 11299897 Extended at 112998 99COMPTROLLERGENERALS REPORT 255 IIINCOME DURING YEAR 1906 I Cash received for premiums on new policies without deductions for com missions or other expenses 228482 29 1 i2Cash received for renewal premiums without deductions for commissions or other expenses 81934 25 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New busi ness 3io4i7 14 759 35 7 Total premium income 309657 79 9 Cash received for interest on bonds owned and divi dends on stock 4785 95 15 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks 9829 95 19 From all other sources viz Premium receipt books 205 97 Total income 324479 66 IIIDISBURSEMENTS FOR THE YEAR I906 I Cash paid for death claims including revisionary ad ditions 25004 48 10 Cash dividends paid policyholders and health and ac cident claims 26470 58 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 11574919 renewals 1343402 12918321 18 Cash paid for salaries and allowances to managers and agents 35882 59 19 Cash paid for medical examiners fees 1068561 in spection of risks 192215 12607 76 20 Cash paid for salaries and all other compensation of officers and other home office employees 23710 38 23 Cash paid for insurance department fees and agents licenses 116003 24 Cash paid for rent 3621 67 25 Cash paid for commuting commissions agency super vision traveling and all agency expenses 6420 76 26 Cash paid for furniture fixtures and safes for home and agency offices 2938 52 27 Cash paid for advertising 122417 printing 6 35912 postage 196374 954708 28 Cash paid for legal expenses 718 54 29 Cash paid for the following items viz Agents prizes 85972 collection expenses 3983 incidentals256 COMPTROLLERGENERALS REPORT janitor fuel telephone 135335 loan repaid 1000000 13 Total net or ledger assets OTHER ASSETS 15 Interest due 60830 and accrued 144200 on bonds and stocks 17 Interest due and accrued on premiums notes loans or liens 23 Gross premiums due and unreported on New Business policies in force December 31 1906 3679 60 24 Gross deferred premiums on policies in force December 31 1906 5336i 18 Totals 90151 78 25 Deducting loading 21726 57 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 314019 agents debit balances 583147 supplies 350996 2 Furniture fixtures and safes 5 Agents balances 6 Loans on personal security endorsed or not premium notes and loans on poli cies 7 Bills receivable 8 Supplies printed matter and stationery 3T40 19 5831 47 1783 90 517 23 3509 96 12252 90 30 Total disbursements 28951850 Invested in the following IVASSETS AS PER LEDGER ACCOUNT 5 Premium notes loans or liens on policies in force re ceived during the year 358o 69 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 111145 4 7 Cash in companys office 201 05 8 Cash deposited in banks 25106 48 9 Bills receivable 5T7 23 10 Agents ledger balances advanced during the year 11846 17 152397 02 2050 30 143 22 68424 21 12481 62 28 Total assets as per the books of the company 235496 37 ITEMS NOT ADMITTED Total 14782 75 Total assets less items not admitted 220713 62COMPTROLLERGENERALS REPORT VLIABILITIES I Net present value of allthe outstand ing policies in force on the 31st day of December 1906 computed accord ing to the actuaries table of mor tality with 4 per cent interest 5I547 87 Deduct net value of risks of this com pany reinsured in other solvent com panies 207 00 Net reinsurance reserve 3 Claims for death losses due and un paid 120 00 6 Claims for death losses and other policy claims resisted by the company 10000 00 Total policy claims 10 Amount of all unpaid dividends of supplies or other description of profits due policyholders 13 Amount due on account of salaries rents and office expenses 17 Capital stock 18 Unassigned funds 19 Total liabilities 257 51340 27 10120 00 201 00 1261 60 100000 00 57782 75 220713 62 AMERICAN NATIONAL LIFE INSURANCE COMPANY OF LYNCHBURG VA Wallace A Taylor President Noble M Jordan Secretary Home Office Lynchburg Va CAPITAL STOCK 1 Amount of capital paid up in cash 120130 00 Amount of ledger assets as per bal ance December 31 of previous year Extended at 151572 25 151572 25 IIINCOME I First years premiums on original policies without deduction for commissions or other expenses 1103287 18 Interest on mortgage loans 384 67 19 Interest on collateral loans 4665 17 in258 COMPTROLLERGENERALS REPORT 20 21 22 25 27 Interest on bonds and dividends on stocks 30 00 Interest on premium notes policy loans or liens 10 45 Interest on other debts due the com pany I3ISS2 Total interest 1787 29 From other sources Premiums and advances on sub scriptions to capital stock 47258 50 28 Total income 60078 66 IIIDISBUBSEMENTS 1 For death claims 500 00 3 Net amount paid for losses and matured endowments 500 00 IS Commissions and bonuses to agents less commission on reinsurance 4037 52 17 Salaries and allowances for agencies including man agers agents and clerks 935 31 18 Agency supervision traveling and all other agency ex penses 794 00 19 Medical examiners fees 86550 inspection of risks 2750 893 00 20 Salaries and all other compensation of officers and home office employees 3148 75 21 Rent for companys own occupancy 36200 22 Advertising 22581 printing and stationery 47883 postage 12287 82751 23 Legal expenses 359 82 24 Furniture fixtures and safes 465 00 25 Insurance taxes licenses and department fees 386 38 29 All other disbursements Telegraph telephone and express 6454 commissions account sale capital stock 1810 187454 30 Total disbursements 14573 83 IVLEDGER ASSETS Mortgage loans on real estate first liens Premium notes on policies in force for first years premiums Book value of bonds excluding interest 2542964 stocks 500000 Cash in companys office 5000 deposited in banks not on interest 540704 Bills receivable 3732850 agents balances 3 30615 92600 00 4290 00 30429 64 545704 40634 65 10 Total ledger assets 173511 33COMPTROLLERGENERALS REPORT 259 NONLEDGER ASSETS 11 Interest accrued on mortgages 975 79 12 Interest accrued on bonds and stocks 383 33 14 Interest due and accrued on premium notes policy loans or liens 34 SO 15 Interest due and accrued on other as sets 937 88 17 Total interest due and accrued 19 Market value not including interest in item 12 of bonds and stocks over book value 26 All other assets Furniture and fixtures and stationery supplies on hand 27 Gross assets 2331 SO 217 64 2217 92 178278 39 DEDUCT ASSETS NOT ADMITTED 29 Supplies stationery printed matter 40000 furniture fixtures and safes 181792 221792 30 Agents debit balances 3306 IS 32 Bills receivable 37328 50 33 Premiums notes or loans on policies and net premiums in excess of the net value of their policies 3705 00 36 Total admitted assets 131720 82 VLIABILITIES I Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the American National Life Insur ance Company on the American Exp 2651 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 30 00 Net reserve 13 Commissions due to agents on premium notes when paid 15 Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued 23 Capital stock 24 Unassigned funds surplus 55 Total liabilities 2621 00 675 40 450 00 20130 00 7844 42 131720 82260 COMPTROLLERGENERALS REPORT JETNA LIFE INSURANCE COMPANY OF CONNECTICUT M G Bulkeley President C E Gilbert Secretary Home Office 650 Main Street Hartford Conn 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 74941112 50 4 Extended at 74941112 50 IIINCOME 5 First years premiums on original policies without deduction for commissions or other expenses less 1771So for first years rein surance 1106279 27 6 Surrender values applied to pay first years premiums 959 04 7 Total first years premiums on original poli cies 111587731 8 Dividends applied to purchase paidup addi tions and annuities 11845 3 9 Surrender values applied to purchase paidup insurance and annuities 251450 27 10 Consideration for original annuities involving life contingencies 52315 38 12 Total new premiums 1431488 26 13 Renewal premiums in addition to items 14 and 15 without deduction for commis sions or other expenses less 430100 for reinsurance on renewals 8457603 02 14 Dividends applied to pay renewal premiums 470553 39 15 Surrender values applied to pay renewal pre miums 905 01 17 Total renewal premiums 8929061 42 18 Total premium income 10360549 68 19 Consideration for supplementary contracts not involving life contingencies 42730 00 22 Interest on mortgage loans 1794070 97 23 Interest on collateral loans 45837 00 24 Interest on bonds and dividends on stocks 1207970 07COMPTROLLERGENERALS REPORT 261 25 Interest on premium notes policy loans or liens Interest on deposits Interest on other debts due the company Discount on claims paid in advance Rent from companys property including 2300000 for companys ocupancy of its own buildings 26 27 28 29 301082 90 73569 78 356 IS 196s 37 4L7S9 40 30 Total interest and rents 3466611 64 31 Profit on sale or maturity of ledger assets Real estate 16 27127 stocks and bonds 9907180 HS343 07 38 Premium income accident health and liability business 4319601 22 39 Total income 18304835 61 IIIDISBURSEMENTS 1 For death claims less 83800 reinsurance 3065248 38 2 For matured endowments 2294375 00 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 6 Surrender values paid in cash 7 Surrender values applied to pay new premiums 959804 to pay renewal premiums 90501 8 Surrender values applied to purchase paidup insurance and annuities see income No 9 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums see income No 14 11 Dividends applied to purchase paidup additions and an nuities see income No 8 12 Total paid policyholders 7048441 6 13 Paidfor claims on supplementary contracts not involving life contingencies 14 Paid stockholders for interest or dividends 15 Commissions and bonuses to agents less commission on re insurance first years premiums 57873291 renewal premiums 46362604r on annuities original 241575 16 Commuted renewal commissions 17 Salaries and allowances for agencies including managers agents and clerks 18 Agency supervision traveling and all other agency expenses 19 Medical examiners fees 7971500 inspection of risks 25 78253 20 Salaries and all other compensation of officers directors trustees and home office employees 21 Rent including 2300000 for companys occupancy of its own buildings less 135000 received under sublease 5359623 38 6229 54 553621 51 10503 05 251450 27 384614 62 470553 39 11845 30 13410 00 200000 00 1044774 70 87135 01 86206 89 27327 12 105497 53 245217 55 64903 50 262 COMPTROLLERGENERALS REPORT 22 Advertising 1024262 printing and stationery 4175192 postage 4324386 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 32 All other disbursements Exchange 200374 supplies 17 8SS99 express 416944 telegraph and telephone 5 85813 incidentals 805623 37 Profit and loss account 38 Premium paid on bonds 39 Total disbursements life business 40 Total disbursements accident health and liability business 95238 40 io557 52 8667 16 365850 63 12284 80 25591 30 37943 S3 4948 46 35351 25 9519346 41 3790143 94 42 Total disbursements 13309490 35 IVLEDGER ASSETS 1 Book value of real estate unincumbered 616220 01 2 Mortgage loans on real estate first liens 37904178 39 3 Loans secured by pledge of bonds stocks or other collateral 1065085 49 4 Loans made to policyholders on this companys policies as signed as collateral 4582330 00 5 Premium notes on policies in force of which 330827 is for first years premiums 283978 53 6 Book value bonds excluding interest 2380216485 stocks 432344656 28125611 41 7 Deposited in trust companies and banks on interest 4221248 78 8 Cash in companys office 14214757 deposited in banks not on interest 290218579 344333 36 9 Bills receivable 4150118 agents balances 5197061 9347i 79 11 Total ledger assets 79936457 76 NONEEDGER ASSETS 12 Interest due 9301207 and accrued 408 96973 on mortgages 501981 80 13 Interest due 335500 and accrued 153550 51 on bonds 156005 51 14 Interest due 969722 and accrued 931889 on collateral loans 19056 II 15 Interest due on premium notes policy loans or liens 246801 85 16 Interest accrued on other assets 214 56 17 Rents accrued on companys property or lease 1850 00 18 Total interest and rents due and accrued 926809 83COMPTROLLERGENERALS REPORT 20 Market value not including interest in item 13 of bonds and stocks over book value 22 Gross premiums due and unre New Business Renewals ported on policies in force December 31 1906 946460 50209076 23 Gross deferred premiums on policies in force December 31 1906 47662 79 370240 94 263 2516751 22 24 Totals 25 Deduct loading 57127 39 872331 70 11425 48 174466 34 26 Net amount of uncollected and deferred premiums 457oi 91 697865 36 743567 27 32 Gross assets 84123586 08 DEDUCT ASSETS NOT ADMITTED 35 Agents debit balances 51970 61 37 Bills receivable 4I50I 18 38 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies 362 20 42 Total 93833 99 43 Total admitted assets 84029752 09 VLIABILITIES I Net present value of all the outstanding pol icies in force on the 31st day of December 1906 as computed by the company on the companys tables of mortality with 3J per cent interest 71071801 00 Same for annuities including those in re duction of premiums 104581 00 Total 71176382 00 Deduct net value of risks of this company reinsured in other solvent companies 41177 00 Net reserve 71135205 00 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 13389 Liability on policies cancelled and not included in item I upon which a surrender value may be demanded 10085 00264 COMPTROLLERGENERALS REPORT 5 Claims for death losses in process of adjust ment or adjusted and not due 197339 00 6 Claims for death losses which have been re ported and no proofs received 35823 00 7 Claims for matured endowments due and unpaid 45883 00 8 Claims for death losses and other policy claims resisted by the company 25548 04 10 Total policy claims 404593 04 12 Premiums paid in advance including surrender values so applied 36723 05 13 Unearned interest and rent paid in advance 121543 58 14 Commissions due to agents on premium notes when paid 84030 other contingent commissions 60052 T440 82 16 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued 42387 95 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 75i88 17 21 Dividends apportioned payable to policyholders during 1907 401909 68 22 Amounts set apart or provisionally ascertained or calcu lated or held awaiting apportionment upon deferred divi dend policies 1908 12521119 1909 12710847 1910 9293736 1911 4365879 388915 81 26 Reserve or surplus funds not included in the net reserve as herein reported or in the unassigned funds per item 32 874998 00 Total liabilities life business 73526880 10 Total liabilities accident health and liability business 3289544 46 31 Capital stock 2000000 00 32 Unassigned funds surplus 5213327 53 33 Total liabilities 84029752 09 Business in the State of Georgia during the year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 2914 5341369 00 Policies on the lives of citizens of said State issued dur ing the year 806 1213561 00 Ttal 3720 655430 00 Deduct ceased to be in force during the year 410 691399 00 Policies in force December 31 3310 5863531 00COM PTROLLERGENERALS REPORT Losses and claims unpaid December 31 of previous 3 year Losses and claims incurred during year Total 5S Losses and claims settled during the year Si Losses and claims unpaid December 31 4 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 265 1371 00 164933 00 166304 00 129933 00 36371 00 176980 19 CITIZENS LIFE INSURANCE COMPANY OF KENTUCKY ti j L W Kev Secretary W H Gregory President vv Principal Office Louisville Ky ICAPITAL STOCK I Amount of capital stock paid up in cash 205940 00 Amount of net or ledger assets December 31 of previous year Increase of capital during 1906 295211 05 57700 00 Extended at INCOME DURING YEAR 1906 I Cash received for premiums on new policies without deductions for commissions or other expenses ij Cash received for renewal premiums with out deductions for commissions or other expenses 3 From dividends applied to pay running pre miums 268189 44 226881 46 621 60 3529 05 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 hens 11 Cash received for interest on other debts due the company 13 Cash received for rents for use of companys property in cluding 300000 for companys own occupancy 495692 50 4210 68 811 12 142 75 1369 96 4375 00266 COMPTROLLERGENERALS REPORT 14 Cash received for profits on sales of bonds or stocks 19 From all other sources viz Inspections of real estate loans 77845 surplus as per sale of stock 7304000 Total IIIDISBURSEMENTS FOR THE YEAR I906 I Cash paid for death claims including revisionary additions II Cash dividends applied to pay running premiums Commissions on board contracts Total paid policyholders 93054 34 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 14310745 re newals 221821 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 2384909 inspec tion of risks 795302 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 624393 companys occupan cy less 137500 received under sublease 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 454516 printing 904789 postage 458756 28 Cash paid for real estate expenses other than taxes 5 31683 for legal expenses 21902 29 Cash paid for the following items viz Cash with applica tion 641100 interest and discount 122808 express and telegrams 227761 collections 43551 fire insur ance 52600 general expense 512519 profit and loss 4890 actuarial expense 7200 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNT 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other market able collaterals 4 Loans made in cash to policyholders on this companys poli cies assigned as collateral 5 Premium notes loans or liens on policies in force of which 2851209 was received during the year 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 567 50 738i8 45 580987 96 67800 00 621 60 24632 74 145325 66 106294 62 31802 11 50332 20 6353 56 486893 4333 61 18180 61 5535 85 16124 29 485350 47 55ooo 00 131122 00 25925 00 2857 00 41418 62 52212 50COMPTROLLERGENERALS REPORT 267 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances 13 Total net or ledger assets OTHER ASSETS 14 Interest due 6000 and accrued 174825 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest accrued on premiums notes loans or liens 19 Rents accrued on companys property or lease Totals 25 Deducting loading 20 per cent on new and 20 per cent on renewals 72393 30 14478 66 28 Total assets as per books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and sales 5 Agents balances Total 9 Total assets less items not admitted VLIABILITIES I Net present value of all the outstanding policies in force on the 31st day of De 100 00 124099 15 15814 27 448548 54 1808 25 43 75 349 55 242 77 229 17 Total carried out 20 Market value of real estate over cost 21 Market value over cost 23 Gross premiums due and unre New Business ported on policies in force December 31 1906 7L446 n 4MI4 7i 24 Gross deferred premiums on policies in force December 31 1906 947 19 2673 49 15000 00 437 50 Renewals 407 43 41822 14 8364 43 26 Net amount of uncollected and deferred premiums 57914 64 33457 71 27 Furniture fixtures and safes 9J372 35 10104 70 568136 58 10104 70 15814 27 25918 97 542217 61268 COMPTROLLERGENERALS REPORT cember 1906 computed according to American experience table of mortality with 3 per cent interest 205jg53 Deduct net value of risks of this company reinsured in other solvent companies 525600 Net reinsurance reserve 3 Claims for death losses due and unpaid mm 16 Amount of any other liability of the company viz Premi ums paid in advance 271125 677733 bills payable 3600000 42777 33 17 Liabilities on policyholders account 2 18 Gross surplus on policyholders account 296843 28 19 Total liabilities I T 542217 61 Business in the State of Georgia during the year Number and amount of policies on the lives of citizens Amount of Georgia in force December 31 of previous year 167 650 500 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 387 lll77JOOO m Total r 554 182750300 Deduct number and amount which have ceased to be in force during the year I24 455500 00 Total number and amount of policies in force in Georgia December 31 1906 430 1372floo Amount of premiums collected or secured in Georgia during the year in cash 2407949 notes or credits 747553 with out any deduction for losses dividends commissions or other expense total 31555 02 THE COLUMBIA NATIONAL LIFE INSURANCE COMPANY OF MASSACHUSETTS Percy Parker President WiIHarn H Brown SecreUry Principal Office 176180 Federal Street Boston Mass ICAPITAL STOCK I Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets December 31 of previous year 1776170 36 Increase of capital during 1906 800000 00 Extended at 2576170 36COMPTROLLERGENERALS REPORT 269 IIINCOME DURING YEAR I906 i Cash received for premiums on new policies without deductions for commissions or other expenses 355473 24 Industrial premiums 34304 71 ij Cash received for renewal premiums with out deductions for commissions or other expenses 84734284 2 Premium notes loans or liens taken in part payment for premiums on new policies 9838 45 2i Premium notes loans or liens taken in part payment for renewal premiums 74391 34 3 From dividends applied to pay running pre miums see item 11 disbursements 782682 3i From dividends applied to purchase paidup additions and annuities see item 12 dis bursements 65 59 4 From surrender values applied to pay fun ning premiums see item 14 disburse ments 2922 00 4J From surrender values applied to purchase paidup insurance and annuities see item 15 disbursements M 5 5 Consideration for annuities other than ma tured installment policies 632 41 Total 1724994 98 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 867228 re newals 869106 J7363 34 7 Total premium income 1707631 64 8 Cash received for interest on mortgage loans 16845 19 9 Cash received for interest on bonds owned and dividends on stock D 10 Cash received for interest on premium notes loans or hens 3758 62 11 Cash received for interest on other debts due the company 21224 63 17 Premium notes loans or liens restored by revival of policies 13 21 19 From all other sources viz Premiums received on capital stock 33881137 received for Amer Agency Co and Amer Investment Securities Co 36771194 706523 31 Total income 251214 52 IIIDISBURSEMENTS FOR THE YEAR 1906 I Cash paid for death claims including revis ionary additions 158757 04m 270 COMPTROLLERGENERALS REPORT 2 Premium notes loans or liens used in pay ment of the same 183 59 7 Total net amount actually paid for losses 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of surren dered policies 185215 voided by lapse 2222882 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 3i income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income 15 Surrender values applied to purchase paidup insurance and annuities see item 4J income Total paid policyholders 208720 86 16 Cash paid for interest on dividends 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 17141888 re newals 216001 and on industrial business 16950843 18 Cash paid for salaries and allowances to managers and agents and claims 19 Cash paid for medical examiners fees 6887469 inspec tion of risks 616321 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums and on renewals 22 Cash paid for taxes on reserves 141812 on capital 27 52647 23 Cash paid for insurance department fees and agents li censes 752088 municipal licenses 41400 24 Cash paid for rent less 65000 received under sublease 25 Agency supervision traveling and all other agency expenses 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 921189 printing 3131814 postage 861320 28 Cash paid for taxes on furniture etc 5628 for legal ex penses 1127692 29 Cash paid for the following items viz Premiums charged off bonds 659409 advance deposits returned to rejected applicants 672455 telephone and telegraph 1403966 agency deficiency account 314487 traveling expenses 1388364 mmiscellaneous expenses 2185720 Total miscellaneous expenses 1366415 7 158940 63 514 60 24080 97 599 22 2159 74 7826 82 65 59 10149 71 2922 00 1461 58 46110 88 343087 32 378111 95 75037 90 173622 70 12271 15 28944 59 7934 88 79702 90 79213 68 15656 98 49M3 23 11333 20 66243 91 30 Total disbursements 1575136COMPTROLLERGENERALS REPORT 271 IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 643000 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 200000 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 49814 84 5 Premium notes loans or liens on policies in force 68763 23 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of purchase 1762373 82 7 Cash in companys office 3000 00 a Cash deposited in banks 694045 60 10 Agents ledger balances net advanced during the year 8776611 cash subject to check of cashiers 441205 12178 16 ir Total net or ledger assets 3SI3I7S 65 12 Deduct depreciation from cost of assets to bring same to market value 24136 09 13 Total net or ledger assets less depreciation 3489039 56 OTHER ASSETS 14 Interest due 84500 and accrued 583603 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 25198 and accrued 10901 on loans or liens 18 Interest accrued on deposits 19 Dividends declared on 70 shares Fitchburg R R Co pre ferred stock 23 Gross premiums due and New Business Renewals Industrial unreported on policies in force Dec 31 1006 5566i 31 104696 50 17507 77 24 Gross deferred premi ums in force Dec 31 1906 2156791 6506838 Total 77229 22 169764 88 17507 77 25 Deducting loading 209 per cent on ord and 55 per cent on indus trial 16140 90 3S48o 86 9629 27 26 Net amount of uncollect ed and deferred pre miums 61088 32 134284 02 6681 03 12141 58 55 55 360 09 956 48 87 50 7878 50 203250 84 28 Total assets as per the books of the company 3712573 53272 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 4 Cash in item 10 drawn by cashiers 5 Agents debtor balances 6 Premium notes and loans and net premiums in item 26 in excess of net value of their policies 7 Loading on premium notes disallowed 1847 45 95370 17 11064 83 14371 51 Total 122653 p6 9 Total assets less items not admitted 3589919 57 VLIABILITIES I Net present value of all the outstanding policies in force on the 31st day of December 1906 computed according to the American table of mortality with 3i per cent interest 3 Claims for death losses due and unpaid 245 40 5 Claims for death losses in process of adjust ment or adjusted and not due 24209 59 6 Claims for death losses and other policy claims resisted by the company n5l9 33 2070055 00 Total policy claims 10 Amout of all unpaid dividends of surplus or other de scription of profits not yet due policyholders 13 Amount due on account of salaries rents office expenses etc 16 Amount of any other liability of the company viz Premi ums paid in advance 730901 advance deposits for pre miums on application not yet approved 470483 35974 32 1457 53 22684 99 12013 84 17 Liabilities on policyholders account 2142185 68 18 Gross surplus on policyholders account includes capital stock 100000000 1447733 89 19 Total liabilities 3589919 57 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 55 212980 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 217 610762 00 Total 272 Deduct number and amount which have ceased to be in force during the year 43 Total number and amount of policies in force in Georgia December 31 1906 229 823742 00 141470 00 682272 00COMPTROLLERGENERALS REPORT 273 Amount of losses and claims on policies in Georgia in curred during the year 2 10000 00 Amount of losses and claims on policies in Georgia paid during the year 1 5000 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Cash 1528108 notes or credits 165244 total 16933 52 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF CONNECTICUT John M Taylor President William H Deming Secretary Home Office 36 Pearl Street Hartford Conn Frank G Lumpkin Columbus Attorney for Service in Georgia ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year 63647362 13 4 Extended at 6473 3 IIINCOME 5 First years premiums on original policies without deduction for commissions or oth er expenses 399095 36 6 Surrender values applied to pay first years premiums J399 S2 7 Total first years premiums on original poli cies 400494 88 9 Surrender values applied to purchase paidup insurance and annuities 64355 62 10 Consideration for original annuities involving life contingencies 1100000 12 Total new premiums 475850 50 13 Renewal premiums in addition to items 14 and 15 without deduction for commissions or other expenses 4146299 29 14 Dividends applied to pay renewal premiums 899601 75 15 Surrender values applied to pay renewal pre miums 4842 61 17 Total renewal premiums 5050743 65 18 Total premium income 5526594 IS 18 in274 COMPTROLLERS tNERALS REPORT 21 Premium notes loans or liens restored by revival of policies 22 Interest on mortgage loans 1247483 43 23 Interest on collateral loans 24 Interest on bonds and dividends on stocks 25 Interest on premium notes policy loans or liens 26 Interest on deposits 28 Discount on claims paid in advance 29 Rent from companys property including 3500000 for companys occupancy of its own buildings 10618 75 1149000 II 93638 69 17149 54 1681 71 532425 03 30 Total interest and rents 3 0 gg7 2g 31 Profit on sale or maturity of ledger assets Net profit on real estate sold 15442908 Net profit on bonds sold 1330117 167730 25 41 Total income 8746343 66 IIIDISBURSEMENTS i For death claims 4264454 56 2 For matured endowments 266456 50 9 10 12 17 18 19 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Surrender values applied to pay new premiums see income No 6 139952 to pay renewal premiums see income No 15 484261 Surrender value applied to purchase paidup insurance and annuities see income No 9 Dividends paid to policyholders in cash Dividends applied to pav renewal premiums see income No 14 Total paid policyholders 6322782 90 Commissions and bonuses to agents less commission on re insurance first years premiums 10816561 renewal premiums 29852343 on annuities original 16151 Salaries and allowances for agencies including managers agents and clerks Agency supervision traveling and all other agency expenses Medical examiners fees 2289125 inspection of risks 10000 Salaries and all other compensation of officers directors trustees and home office employees Rent including 3500000 for companys occupancy of its own buildings less 6778 received under sublease 4530911 06 7577 Si 2702 13 547i66 65 6242 13 64355 62 254225 75 899601 75 406850 55 37664 26 34389 59 22991 25 171482 48 40503 56COMPTROLLERGENERALS REPORT 275 22 Advertising 2185506 printing and stationery 2811267 postage 1929422 69261 95 23 Legal expenses 8111 23 25 Insurance taxes licenses and department fees 205762 94 26 Taxes on real estate 157221 78 27 Repairs and expenses other than taxes on real estate 265589 30 32 All other disbursements Express 202560 telegraph 316724 traveling 728861 miscellaneous 1278119 2526264 40 Total disbursements 7767874 43 IVLEDGER ASSETS 1 Book value of home office property 191623600 of other real estate unincumbered 721706570 9i3330i 70 2 Mortgage loans on real estate first liens 24651132 50 3 Loans secured by pledge of bonds stocks or other collateral 1280000 00 4 Loans made to policyholders on this companys policies as signed as collateral 1397415 00 5 Premium notes on policies in force 45507 4 6 Book value of bonds excluding interest 2537656206 and stocks 82907625 26205638 31 7 Deposited in trust companies and banks on interest 1530292 31 9 Bills receivable 29000 agents balances 8107 balance due agents 20S 93 10 Comptrollers certificates State of New York 1235 20 11 Total ledger assets 6462583 1 36 NONLEDGER ASSETS 12 Interest due 2139106 and accrued 511 47862 on mortgages 13 Interest accrued on bonds 14 IS i Interest accrued on collateral loans Interest due 12914880 and accrued 12 68259 on premium notes policy loans or liens Rents due 516962 and accrued 957303 on companys property or lease 532869 68 252058 84 16043 75 141831 39 14742 65 18 Total interest and rents due and accrued 20 Market value not including interest in item 13 of bonds and stocks over book value 22 Gross premiums due and un New Business Renewas reported on policies in force December 31 1906 3207 79 88363 72 23 Gross deferred premiums on 957516 31 461871 59273 COMPTROLLERGENERALS REPORT policies in force December 31 1906 334i8 38 366258 00 24 Total 36626 17 454621 72 25 Deduct loading 20 per cent 7325 23 00024 34 26 Net amount of uncollected and deferred premiums 29300 94 363697 38 302998 3i 32 Gross assets 66438247 58 DEDUCT ASSETS NOT ADMITTED Z7 Bills receivable 290 00 43 Total admitted assets 66437057 58 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31s daj f December 1906 as computed by the com panj on the c mbined experience or actuaries table of mortality with 4 per cent interest on all business issued prior to April 1 1882 and on paidup policies is Med in exchange for such policies surrendered and the American table and 3 per cent interest on all other business except that reserves on term policies and annuities were com puted on special tables and rates giving somewhat larger values 59382033 00 Same for annuities including these in reduction of pre miums 170688 00 3 Liability on policies canceled and not included in item I upon which a surrender value may be demanded 162270 00 4 Claims for death losses due and unpaid 42177 77 5 Claims for death losses in process of adjust ment or adjusted and not due 170 273 00 6 Claims for death losses which have been re ported and no proofs received ri8 465 00 7 Claims for matured endowments due and un paid 11885 00 8 Claims for death losses and other policy claims resisted by the company 3000 00 9 Due and unpaid on annuity claims involving life contingencies 128 28 10 Total policy claims 345929 05 12 Premiums paid in advance including surrender values so applied 30170 80 13 Unearned interest and rent 37701 88COMPTROLLERGENERALS REPORT 277 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred premiums 1504287 38 30 Other liabilities Real estate contingent depreciation ac count 300000 00 32 Unassigned funds surplus 4504877 47 34 Total liabilities 66437957 58 Business in the State of Georgia during the year Policies on the lives of citizens of said State in force December 31 of previous year 522 1415832 00 Policies on the lives of citizens of said State issued during the year 53 95936 00 Total 575 i5ii768 00 Deduct ceased to be in force during the year 49 141477 00 Policies in force December 31 S26 I3702pi 00 Losses and claims unpaid December 31 of previous year 1 250000 Losses and claims incurred during the year 18 56526 00 Losses and claims settled during the year in cash 19 59026 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 4678821 DES MOINES LIFE INSURANCE COMPANY OF IOWA C E Rawson President A H Evans Assistant Secretary Home Office Seventh Street and Grand Avenue Des Moines Iowa W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year 147587246 4 Extended at 147587246 IIINCOME 5 First years premiums on original policies without deduction for commissions or oth er expenses less 2458 for first years re insurance 17916223 7 Totalfirst years premiums on original policies 179162 23278 COMPTROLLERGENERALS REPORT 13 Renewal premiums in addition to item 14 without deduction for commissions or other expenses less 16389 for reinsurance on renewals 550479 14 14 Dividends applied to pay renewal premiums 24290 46 17 Total renewal premiums 574769 60 18 Total premium income 21 Premium notes loans or liens restored by revival of policies 22 Interest on mortgage loans 37713 23 25 Interest on premium notes policy loans or liens 30933 88 27 Interest on other debts due the company 282 16 29 Rent from companys property 3266 66 30 Total interest and rents 35 From other sources Premiums in suspense 753931 83 10 00 72195 93 1219 53 41 Total income 827357 29 HIDISBURSEMENTS I For death claims 5 Premium notes voided by lapse 6 Surrender values paid in cash 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums see income No 14 12 Total paid policyholders 251466 61 13 Paid for claims on supplementary contracts not involving life contingencies 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 15720612 renewal premiums 2152567 17 Salaries and allowances for agencies including managers agents and clerks 18 Agency supervision traveling and all other agency expenses 19 Medical examiners fees 1249050 inspection of risks 1 75399 20 Salaries and all other compensation of officers directors trustees and home office employees 21 Rent 22 Advertising 236943 printing and stationery 612846 postage 320140 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 169208 96 1691 70 53260 31 3015 18 24290 46 66 67 178731 79 18561 41 10539 23 1 1244 49 42616 40 2350 00 11699 29 2028 63 732 05 14658 02 748 81 1127 69COMPTROLLERGENERALS REPORT 279 32 All other disbursements Collection and exchange 44882 express 83980 telegraph and telephone 50487 light and janitor 60335 loan expenses 176255 miscella neous 141662 40 Total disbursements 9 II 12 IS 18 22 23 24 25 IVLEDGER ASSETS Book value of real estate unincumbered Mortgage loans on real estate first liens Loans made to policyholders on this companys policies as signed as collateral Cash in companys office 218946 deposited in banks not on interest 1373485 Agents balances secured 634758 unsecured 92767 5576 01 555147 TO Total ledger assets NONLEDGER ASSETS Interest due 188438 and accrued 16557 88 on mortgages Interest accrued 33752 81 1036913 00 640282 35 I5924 3i 7320 25 1748082 65 18442 26 13257 69 Total interest due and accrued Gross premiums due and unre New Business ported on policies in force December 31 1906 22909 00 Gross deferred premiums on policies in force December 31 1906 31699 95 Renewals 38932 00 98515 00 Totals Deduct loading 80 per cent and 18 per cent 22909 00 137447 00 18327 00 24740 00 26 27 32 34 35 38 42 43 Net amount of uncollected pre miums 458200 11270700 11728900 All other assets Furniture and fixtures 6000 00 Gross assets 1903071 60 DEDUCT ASSETS NOT ADMITTED Furniture fixtures and safes 6000 00 Agents debit balances unsecured 972 67 Premium notes and loans on policies and net premiums in item 5 in excess of the net value of their policies 6298 10 Total 13270 77 Total admitted assets 1889800 83280 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1906 as computed by the company on the actuaries table of mortality with four per cent interest 1560921 00 Deduct net value of risks of this company reinsured in other solvent companies 360 00 Net reserve 1560561 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies 9745 81 3 Special guaranteed fund 2980 00 5 Claims for death losses in process of adjust ment or adjusted and not due 6500 00 6 Claims for death losses which have been re ported and no proofs received 16266 92 8 Claims for death losses and other policy claims resisted by the company 19983 16 10 Total policy claims 4275 08 12 Premiums paid in advance including surrender values so applied 9875 00 16 Rents office expenses taxes bills accounts bonuses com missions medical fees due or accrued 3395 00 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 4909 00 21 Dividends apportioned payable to policyholders during 1907 25601 00 22 Amounts set apart or provisionally ascertained or calcu lated or held awaiting apportionment upon deferred divi dend policies 63283 00 32 Unassigned funds surplus 166700 94 33 Total liabilities 1889800 83 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Paul Morton President Wm Alexander Secretary Principal Office 120 Broadway New York City ICAPITAL STOCK I Amount of capital stock paid up in cash 100000 00COMPTROLLERGENERALS REPORT 281 Amount of net or ledger assets De cember 3I of previous year409726911 54 Add reserve carried as ledger 250000 00 Extended at IIINCOME DURING YEAR 1906 409976911 54 1 Cash received for premiums on new policies without deductions for com missions or other expenses ii Cash received for renewal premiums without deductions for commissions or other expenses 2 Consideration for supplementary con tracts involving life contingencies 3J From dividends applied to purchase paid up additions and annuities 4i From surrender values applied to pur chase paid up insurance and annuities 5 Consideration for annuities involving life contingencies 2757109 86 50543938 91 149090 00 1080056 08 2471796 08 447620 66 Total 574496u 59 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 164361 41 7 Total premium income T 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on policy loans 11 Cash received for interest on other debts due the company 12 Interest on collateral loans 13 Cash received for rents for use of companys property including 38977600 for companys own occupancy 14 Consideration for supplementary contracts not involv ing life contingencies 15 Profit on sale or maturity of ledger assets 16 Accounts recovered previously charged off 10 From all other sources viz Foreign exchange Total income IIIDISBURSEMENTS FOR THE YEAR IO06 I Cash paid for death claims including revisionary additions i869S394 76 57285250 18 3833762 03 9955418 8b 1751186 89 1220536 71 212112 02 1795582 37 276807 00 248807 43 102257 45 172973 33 76854694 30 282 COMPTROLLERGENERALS REPORT 3 Cash paid for matured endowments and additions thereto 4072568 19 18 19 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid to policyholders 12 Cash dividends applied to purchase paidup additions and annuities see item 3J income 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insur ance and annuities see item 4 income Total paid policyholders 4445743901 I5 Paid for claims on supplementary contracts not in volving life contingencies 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 1 434i3S96 renewals 378046975 on annuities12 24779 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 20063881 inspection of risks 10820792 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Agency supervision traveling and all other agency expenses 22 Cash paid for taxes on real estate 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent including 38977600 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 2191426 printing 88 99990 and postage 9506876 28 Cash paid for real estate expenses other than taxes 40807115 for legal expenses 8548901 20 Cash paid for the following items viz Loss on sale or maturity of ledger assets Reserve against losses on agents accounts Lunch expenses 728730 telephone telegrams cables and express 2298660 expenses of mutualization 3308438 extraordinary investigation and reorgani zation expenses 26793230 miscellaneous items of expense 4229377 22767962 95 1084053 00 6209678 83 1080056 08 10843892 07 2471796 08 134503 57 7000 00 5226853 50 549H9 10 308846 73 1327073 85 328341 48 330617 48 735i65 77 407610 68 14636 99 37i85 35 205982 92 493S6o r5 174731 58 614302 24 373584 35 30 Total disbursements 55726554 75COMPTROLLERGENERALS REPORT 283 IVASSETS AS PER LEDGER ACCOUNT I Book value of real estate exclusive of all incum brances incumbered 200000000 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other marketable collaterals 4 Loans made in cash to policyholders on this company s policies assigned as collateral 6 Book value of bonds and stocks owned excluding ac crued interest at time of purchase 7 Cash in companys offices 9582488 in transit 299 22110 8 Cash deposited in banks and investment companies on 1167572929 not on interest 596 28052061 53 92090542 50 9350000 00 35354295 12 247821596 00 395045 98 interest 22243 9 Refund of taxes due from State of New York 10 Agents and other ledger balances 13 Total net or ledger assets 12271951 72 41886 96 5727671 28 431105051 09 469742 19 2606610 00 64265 27 60472 68 190241 27 OTHER ASSETS 14 Interest due 3704398 and accrued 43269321 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 18 Interest due on other assets 19 Rents due 13697461 and accrued 53 26666 Total carried out 339133141 20 Market value of real estate over book value 93773 4 23 Gross premiums due and NewSBusineas Renewals unreported on policies in force December 31 1906 24 Gross deferred premiums on policies in force De cember 31 1906 27694 00 4564107 00 101924 00 2866186 00 Totals 129618 00 7430293 00 25 Deducting loading 20 per cent on new and 20 per cent on renewals 25923 00 1486058 00 26 Net amount uncollected and deferred premiums 103695 00 5944235 00 6o47930 00 28 Total assets 441482050 97 f 284 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 5 Agents balances debit 6129801 16 6 Book value of stocks and bonds over market value 7303913 00 Total Total assets less items not admitted Vliabilities t Xet present value of all the outstanding policies in force on the 31st day of December 1906 computed accord ing to the actuaries table of mortality with four per cent interest and the American experience table of mor tality with 3 and 3I per cent interest 359090527 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 313289 00 13433714 i 428048336 81 Net reinsurance reserve 358777238 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies 166763600 3 Claims for death losses due and un paid 1275800 4 Claims for matured endowments due and unpaid 616303 95 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 Amount due and unpaid on annuity claims c Claims for death losses which have been reported and no proofs received 278552 00 iiS975 00 52344 90 1779221 00 Total policy claims io Amount of all unpaid dividends of surplus or other description of profits due policyholders 11 Due and unpaid on supplementary contracts not involv ing life contingencies 13 Interest and rents paid in advance 16 Amount of any other liability of the company viz premiums paid in advance Capital stock 2855154 85 791971 02 450 00 948348 36 317007 00 100000 00 17 Surplus 62590531 58 19 Total liabilities 428048336 81COMPTROLLERGENERALS REPORT 285 Business in the State of Georgia during the year N0i Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 O previous year Number and amount of losses and claims on poli cies on the lives of citizens of Georgia issued during the year 7502 16469519 o Total Deduct number and amount which have ceased to be in force during the year L Total number and amount of policies in force in Georgia December 31 i 6374 1431397 Amount of losses and claims on policies in Geor gia unpaid December 31 of previous year 4 22950 Amount of losses and claims on policies m Geor gia incurred during the year sy J j 63 325136 00 Amount oHosses and claims on policies in Geor gia paid during the year Amount of premiums collected or secured in Georga during the year in cash FIDELITY MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA PA T1 f W S Campbell Secretary L G Fouse President F Principal Office 112116 N Broad Street Philadelphia Pa T J Arline Savannah Attorney for Service in Georgia ICAPITAL STOCK Amount of net ledger assets December 31 of previous ye Extended at year 9882524 57 9882524 57 HJXCOMi DURING YKR 1906 I Cash received for premiums on new poli cies without deductions for commis sions or other expenses 55973 9y 286 COMPTROLLERGENERALS REPORT ii Cash received for renewal premiums without deductions for commissions or other expenses 3275350 55 2 Premium notes loans or liens taken in part payment for premiums on new policies 49966 63 2i Premium notes loans or liens taken in part payment for renewal premiums 275033 13 3 From dividends applied to pay running premiums see item 11 disburse ments 41109 61 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 1407 93 4 From surrender values applied to pay running premiums see item 14 dis bursements 945 50 5 Consideration for annuities other than matured installment policies 7303 70 Total 4210900 24 C Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 227859 renewals 236633 464492 Total premium income 4206255 32 8 Cash received for interest on mortgage loans 47373 71 9 Cash received for interest on bonds owned and divi dends on stock 191617 48 io Cash received for interest on premium notes loans or liens 160885 03 11 Cash received for interest on other debts due the com pany 51400 20 13 Cash received for rents for use of companys property including 3250000 for companys own occupancy 80866 it 14 Cash received for profits on sales of bonds or stocks 353925 real estate 157143 all other 246041 7571 I4 10 From all other sources viz Policy fees 412960 policy exchange 71518200 71931160 5465280 59 Total income IIIDISBURSEMENTS FOR THE YEAR 1906 I Cash paid for death claims including revisionary additions 1218668 45 5 Cash paid for sums falling due during the year on installment policies 19961 87 Total 1338630 32COMPTROLLERGENERALS REPORT 287 10 ii M 7 19 20 21 22 23 24 25 26 27 2b 29 Total net amount actually paid for losses and matured endowments 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 Total paid policyholders 157710434 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 369 68348 renewals 23159928 annuities 15719 Agency supervision traveling and all other ex penses Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 4138708 in spection of risks 2163947 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 Cash paid for insurance department fees and agents licenses 903913 municipal licenses 34250 Cash paid for rent including 3250000 companys oc cupancy Cash paid for commuting commissions Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 2363474 printing 32 57431 postage 2123311 Cash paid for real estate expenses other than taxes 2776821 for legal expenses 1229403 Cash paid for the following items viz Expressage and telegrams 552307 dining service midday meals 1240424 miscellaneous expenses 348342 Total miscellaneous expenses 13600632 1338630 32 1414 36 15377 57 41109 61 1407 93 178219 05 945 50 601439 95 76991 18 112069 82 63026 55 179949 00 6i473 35 21728 68 9381 63 59824 72 29346 63 59i6 33 77442 16 40062 24 21411 03 30 Total disbursements 293716761 IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all incum brances 132854074 Loans on mortgage first liens on real estate 1076519 84 Loans secured by pledge of bonds stocks or other marketable collaterals 309350 00 288 COMPTROLLERGENERALS REPORT 4 Loans made in cash to policyholders on this companys policies assigned as collateral 3530877 21 5 Premium notes loans or liens on policies in force of which 4996663 was received during the year 324999 76 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 7 Cash Ln companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances 5102814 84 194 33 215147 01 i594 02 520599 80 13 Total net ledger assets 12410637 55 OTHER ASSBTS accrued 14 Interest due 357295 and 1902088 on mortgages 22593 83 15 Interest due 187500 and accrued 72 81947 on bonds and stocks 74694 47 16 Interest accrued on collateral loans 2809 07 17 Interest accrued on premiums notes loans or liens 93942 61 19 Rents due 774 78 Total carried out 20 Market value of real estate over cost 2i Market value of bonds and stocks over cost 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1906 2209867 15157004 24 Gross deferred premiums on policies in force De cember 31 1906 26633 61 353633 61 Totals 25 Deducting loading 75 per cent on new and 19 per cent on renewals 48732 28 505203 65 36549 21 95988 69 194814 76 39459 26 84863 66 26 Net amount of uncollected and deferred premiums 1218307 40921496 42139803 28 Total assets as per the books of the company 13151173 26 1TBMS NOT ADMITTED 5 Agents balances 52059980TflOIHH 8J COMPTROLLERGENERALS REPORT 289 6 Loans on premium notes and liens in excess of the reserve S122 T4 7 Bills receivable 594 02 Total 572315 9 Total assets less items not admitted 1257885730 Vliabilities 1 Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed by the Pensylvania Insurance Department according to the actuaries table of mortality with four per cent inter est and American table at 3i per cent1093102500 Deduct net value of risks of this com pany reinsured in other solvent com panies 2073 00 Net reinsurance reserve 10928952 00 Excess valuation as made by the company 23399 24 16 5 Claims for death losses and matured endowments in process of adjust ment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the com pany 8 Present value of unpaid amounts on ma tured installment policies face 239 40324 72412 00 21109 68 186646 32 Total policy claims 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 11 Commission due to agents when premium notes are paid 12 Amount of national State or other taxes due and on account of salaries rents and office expenses Amount of any other liability of the company viz Premiums paid in advance Amount of unearned interest and rents paid in ad 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 1315117326 280168 00 66146 82 13915 57 17772 44 5224 37 35871 00 ii37i449 44 1779723 82290 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1346 275148700 Number and amount of policies on the lives of citizens of Georgia issued during the year 268 497646 00 Total 1614 3249133 00 Deduct number and amount which have ceased to be in force during the year 217 481769 00 Total number and amount of policies in force in Georgia December 31 1906 1397 Amount of losses and claims on policies in Geor gia unpaid December 31 of previous year Amount of losses and claims on policies in Geor gia incurred during the year Total 19 2767364 00 p 3000 00 73220 00 20 76220 00 Amount of losses and claims on policies in Geor gia paid during the year Cash 3855800 amount of losses and claims transferred to insolvent policy account 3266200 18 71220 00 Amount of premiums collected or secured in Georgia during the year in cash 8663127 and notes or credits 1097217 without any deduction for losses dividends commissions or other expenses 97603 44 FRANKLIN LIFE INSURANCE COMPANY SPRINGFIELD ILL Edgar S Scott President Henry Abels Secretary Principal Office Springfield 111 ICAPITAL STOCK Extended at 2661359 94 IIINCOME DURING YKAR 1906 Cash received for premiums on new policies without deductions for com missions or other expenses 216614 10 i Cash received for renewal premiumsCOMPTROLLERGENERALS REPORT 29 L without deductions for commissions or other expenses 832840 93 2i Premium notes loans or liens taken in part payment for renewal premiums 119161 18 3 From dividends applied to pay running premiums 2778 41 4i From surrender values applied to pur chase paid up insurance and annuities 14533 n Total Ii85927 73 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New busi ness 102904 renewals 199868 3027 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 company 13 Cash received for rents for use of companys property including 400000 for companys own occupancy 14 Cash received for profits on sales of real estate 17 Premium notes loans or liens restored by revival of policies 19 From all other sources viz Interest on deposits Total income 1182900 01 38952 04 17237 81 55794 69 14435 27 14793 65 217 84 1244 7 148 24 1325724 25 IIIDISBURSEMENTS E0R THE YEAR I906 I Cash paid for death claims including revisionary ad ditions 33481242 9 Premium notes loans or liens voided by lapse 17285 24 II Cash dividends applied to pay running premiums 2778 41 13 Surrender value paid 17620 42 15 Surrender values applied to purchase paid up insurance and annuities 14533 11 Total paid policyholders 38702960 17 Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 177 26873 renewals 7098222 24825095 18 Cash paid for salaries and allowances to managers and agents 4471 96 19 Cash paid for medical examiners fees 1364578 in spection of risks 831195 2195773292 COMPTROLLERGENERALS REPORT 20 Cash paid for salaries and all other compensation of officers and other home office employees 63301 61 22 Cash paid on investments 1702 84 23 Cash paid for insurance department fees and agents licenses 3T299 34 24 Cash paid for rent including 400000 for companys occupancy 5020 00 26 Cash paid for furniture fixtures and safes for home and agency offices 9S 4 27 Cash jaid for advertising 74787 printing 595355 postage i 11 r 1181283 28 Cash paid for real estate expenses other than taxes 774414 for legal expenses 514507 12889 21 29 Cash paid for the following items viz Collection 175889 investment expenses 41182 death claim expenses 100158 premiums on bonds purchased 179756 miscellaneous 403507 9004 92 Total miscellaneous expenses 41062723 SO Total disbursements 797656 83 Invested in the following IVASSETS AS FEH IEDGER ACCOUNT 1 Cost value of real estate exclusive of all incumbrances 104000 00 2 Loans on mortgage first liens on real estate 1133350 00 3 Loans secured by pledge id bonds stocks or other marketable collaterals 54500 00 4 Loans made to polic yholders on this companys policies 125108474 5 Premium notes loans or liens on policies in force 15436 29 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 224647 00 8 Cash deposited in banks 103941 02 10 Agents ledger balances 2468 31 13 Total net or ledger assets 3189427 36 OTHER ASSETS 14 Interest accrued on mortgages 32085 84 15 Interest accrued on bonds and stocks 776l 16 16 Interest accrued on collateral loans 505 83 17 Interest accrued on premiums notes loans or liens 4638 15 18 Interest accrued on other assets 114 23 19 Rents accrued on companys property or lease 227 33 Total carried out 65332 54COMPTROLLERGENERALS REPORT 293 21 23 24 Market value df bonds and stocks over cost 5157 79 Gross premiums due and unreported on policies in force December 31 1906 43396 68 Gross deferred premiums on policies in force December 31 1906 81273 II 26 28 4 7 Totals 124669 79 Deducting loading 21020 91 Net amount of uncollected and deferred premiums 103648 88 Total assets as per the books of the company 3363566 57 ITEMS NOT ADMITTED Cash advanced to or in the hands of officers or agents 2468 31 Loans liens and net premiums in ex cess of reserve 15762 31 Total 1823002 Btoi lotal assets less items not admitted 3345335 95 LIABILITIES Net present value of all outstanding policies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest 279870400 Deduct net value of risks of this com pany reinsured in other solvent com panies 1287 00 6 9 13 16 1 Net reinsurance reserve 279741700 Claims for death losses ant matured en dowments in process of adjustment or adjusted and not due 2874436 Claims for death losses and other policy claims resisted by the company 8044 78 Amount of trust fund held by the com pany 16595 18 Total policy claims 53384 32 Amount due on account of salaries rents and ffice expenses 9278 71 Amount of any other liability of the company viz Premiums paid in advance 7629 84294 COMPTROLLERGENERALS REPORT Fund held for special class of policies 11136821 fund for all other contingencies 36625787 447626 08 17 Liabilities on policyholders account 1345335 95 19 Total liabilities 3345335 95 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1658 2373762 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 391 539661 00 Total 2049 2913423 00 Deduct number and amount which have ceas ed to be in force during the year 385 505391 00 Total number and amount of policies in force in Georgia December 31 1905 1664 2408032 co Amount of losses and claims on policies in Geor gia unpaid December 31 of previous year 1 1038 58 Amount of losses and claims on policies in Geor gia incurred during the year 12 I4421 61 Total 13 15460 19 Amount of losses and claims on policies in Geor gia paid during the year 11 13398 08 Amount of premiums collected or secured in Georgia dur ing the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 81437 65 THE GERMANIA LIFE INSURANCE COMPANY OF NEW YORK N Y Cornelius Doremus President Carl Heye Secretary Principal Office 20 Nassau Street New York N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets De cember 31 of previous year 34476579 II Extended at 34476579 IICOMPTROLLERGENERALS REPORT 295 IIINCOME DURING YEAR IQo6 I Cash received for premiums on new policies without deductions for com missions or other expenses l Cash received for renewal premiums without deductions for commissions or other expenses 395266424 3 From dividends applied to pay running premiums 3i From dividends applied to purchase paid up additions and annuities From surrender values applied to pur chase paid up insurance and annuities 5 Consideration for annuities other than matured installment policies 634955 42 143666 20 Si34i 22 145456 02 27136 49 Total 4955220 19 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New busi ness 118900 renewals 547840 666740 7 Total premium income 4948552 79 8 Cash received for interest on mortgage loans 927041 52 9 Cash received for interest on bonds owned and dividends on stock 370139 88 10 Cash received for interest on premium notes loans or II Cash received for interest on other debts due the com pany 307392 interest on deposits 754921 13 Cash received for rents for use of companys property including 3514000 for companys own occupancy 19 From all other sources viz Change in book value of ledger assets bonds 3925015 policy fees 2 26398 135809 59 10623 13 221538 73 41514 13 Total income 6655219 77 IIIDISBURSEMENTS FOR THE YEAR I906 I Cash paid for death claims including revisionary additions l3i573 o 3 Cash paid for matured endowments and additions thereto ii3i73i 71 5 Cash paid for sums falling due during the year on installment policies 4OI4 75 7 Total net amount actually paid for losses and matured endowments 2446319 5429 8 10 II 12 13 15 16 17 Si341 22 19 21 22 fi 24 25 26 27 28 29 30 COMPTROLLERGENERALS REPORT Cash paid to annuitants 37384 5 Cash dividends paid policyholders 115599 82 Cash dividends applied to pay running premiums 143666 20 Cash dividends applied to purchase paid up additions and annuities r 1 1 4 I r ficn oft Surrender values paid in cash 351059 29 Surrender values applied to purchase paid up insurance and annuities 145450 02 Total paid policyholders 329142719 Cash paid stockholders for interest 7 per cent and 5 per cent dividends Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 400 73345 renewals 19992139 annuities 81562 601470 46 Cash paid for salaries and allowances to managers and agents 13025351 agency supervision and ex penses 14509502 27534853 Cash paid for medical examiners fees 4279946 in spection of risks 861384 Cash paid for salaries and all other compensation of officers and home office employees Cash paid for taxes on new premiums and on renewals Cash paid for taxes on reserves 42480 on real estate 3283301 24000 00 51413 30 I488l8 58 40908 07 33257 8l Cash paid for insurance department fees and agents licenses and municipal licenses 15746 47 Cash paid for rent for companys own occupancy 35140 00 Cash paid for commuting commissions 10451 22 Cash paid for furniture fixtures iuul safes for home and agency offices 2736 29 Cash paid for advertising Wl8 Pntiug r4 77822 postage 1798747 42678 85 Cash paid for real estate expenses other than taxes 8208866 for legal expenses 528094 87378 60 Cash paid for the following items viz Loss on sale of ledger assets 186037 exchange expressage and other expenses 2083877 22708 14 Total miscellaneous expenses 139205632 Total disbursements 4683483 51 Invested in the following ivassets as per ledger accounts 1 1 Cost value of real estate exclusive of all incumbrances 2514533 72 2 Loans on mortgages first liens on real estate 21789972 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2547073 68COMPTROLLERGENERALS REPORT 297 6 Cost value of bonds and stocks owned excluding or including interest at time of purchase 872 78 7 Cash in companys office J 8 Cash deposited in bank Pjgjj 10 Agents ledger balances Exchange on Berlin Gy purchased December 3Mt 1906 for investment in mortgage loans on real estate in Berlin j 36448315 37 II Total net or ledger assets OTHER ASSETS M Interest due t5oo and accrued 34878284 on mort I5 InteTst due 94666 and accrued 6963976 on bonds arid stoclcs I7 Interest due 445463 and accrued gf on pre miums nbtes loans or hens l9 Rents 13x000 and accrued 8g on company s property or lease 7480 83 23 GrOSS premiums due and ew Business Renewals unreported on policies in force December 31 o6 199i44 505940 79 24 Gross deferred premiums on policies in force De 2 vsrlo cember 31 1906 37734 86 3764 totals t3jfrif 25 Deducting loading 2250 Per Cnt J K nnrnllect 26 Net amount of uncollect ed and deferred premi 4468209 68383 35 20D35 44 urns 28 Total assets as per the books of the company 3762445 55 no sstliitdBia I 5 Agents balances 3 Book value of ledger assets over market value 14520309 Total J 9 Total assets less items not admitted 3747904 46298 COMPTROLLERGENERALS REPORT VLIABILITIES i Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest and Ameri can Exp tables with 3J and 3 per cent respectively 32048419 00 Deduct net value of risks of this com pany reinsured in other solvent com PanieS 3983700 Net reinsurance reserve 32008582 00 3 Claims tor death losses due and unpaid 3487 94 4 Claims for matured endowments due and unpaid 20I24 63 5 Claims for death losses in process of adjustment or adjusted and not due 209007 61 6 Claims for death losses and other policy claims resisted by the company 19500 00 7 Amounts due and unpaid on annuity claims 2498 29 8 Present value of unpaid amounts on ma tured installment policies 32667 30 Total policy claims 287285 77 10 Amount of all dividends of surplus or other descrip tion of profits due policyholders 54741 51 16 Amount of any other liability of the company viz Premiums paid in advance 909651 liability on policies cancelled upon which a surrender value may be demanded 1054430 unearned interest and rent 2066510 commissions due 590381 extra reserve for absolute war and world policies etc 110 39062 15660034 17 Liabilities on policyholders account3250720962 18 Gross surplus on policyholders account 4971832 84 2 K1 afitieS 37479042 46 2D iistimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 1949490 81 II Estimated surplus accrued on all other Plicies 3022342 03COMPTROLLERGENERALS REPORT 299 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year revived 64S 893319 Number and amount of policies on the 1ves of citizens of Georgia issued during the year 220 338000 00 865 1231319 00 Total Deduct number and amount which have ceased to be in force during the year 34 Total number and amount of policies in force in Georgia December 31 1906 73l Amount of losses and claims on polices in Geor gia incurred during the year Amount of losses and claims on policies in Geor gia paid during the year Amount of premiums collected or secured in Georgia dur ing the year in cash without any deduction for losses dividends commissions or other expenses 3000 79 GREAT WESTERN LIFE INSURANCE COMPANY OF MISSOURI r tPresident E L Biersmith Secretary O L Van Lamngham President W A Wright Atlanta Attorney for Service in Georgia ICAPITA STOCK Amount of capital stock paid up in cash 00 Extended at HINCOME DURING THE YEAR I Cash received for premiums on new poli cies without deductions for commis 77 q2 86 sions or other expenses 5 Consideration for annuities other than matured installment policies 1780 Total 25654286 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 405 10 256137 76 7 Total premium income II Cash received for interest on other debts doethe company 300 COMPTROLLERGENERALS REPORT ig From all other sources viz Part payments on pre miums 221428 on annuities 190250 4II6 y Total income 261 dad qi 1 IIIDISBURSEMENTS FOR THE YEAS 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 16204 tpdrj 5445780 t Cash paid for salaries and allowances to managers and agents 22Q iy Cash paid for medical examiners fees 205 00 20 Paid for salaries and all other compensation of officers and other home office employees 538632 23 Cash paid for insurance department fees and agent licenses 24 Cash paid for rent 7gon A Interest and discount payable 900 26 Cash paid for furniture fixtures and safes for home and agency offices 1481739 27 Cash paid for advertising 127560 printing 616633 postage 44307 7885 00 28 Cash paid for legal expenses 26000 29 Cash paid for the following items viz Traveling ex penses 238658 accrued interest on bonds and mortgages 66166 04824 Commission on annuities 5173000 Total miscellaneous expenses 35 30 Total disbursements 151234 IVASSETS AS PER LEDGER ACCOUNTS 2 Cost value of real estate exclusive of all incum brances p ijooo 00 O Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 1968200 7 Cash in companys office I697 so 8 Cash deposited in banks 56 2S 9 Bills receivable certificates of deposit I2g25 00 10 Agents ledger balances 10650 4 13 Total net or ledger assets 209481 20 OTHER ASSETS 15 Interest diie on bonds and stocks 661 66 23 Grossprcmiums and annuities due and a t New Business tinreported on policies in force AuCOMPTROLLERGENERALS REPORT 301 gust 8 1907 11648806 25 Deducting loading 75 and 50 per cent 77203 55 26 Net amount of uncollected and deferred premiums 28 Total assets as per the books of the company 39284 51 249427 37 5 Agents balances ITEMS NOT ADMITTED 9 Total assets less items not admitted VLIABILITIES I Net present value of all outstanding poli cies in force on the 8th day of Au gust 1907 computed according to the actuaries table of mortality with four per cent interest Deduct net value of risks of this company reinsured in other solvent companies 10650 45 I 238776 92 20342 00 180 00 Net reinsurance reserve 2016200 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders and annui tants 16 Amount of any other liability of the company viz Premiums paid in advance 221428 annuities 190250 17 Liabilities on policyholders account and annuitants 18 Gross surplus on policyholders account 19 Total liabilities 16999 50 4116 78 41278 28 197498 64 238776 92 GREENSBORO LIFE INSURANCE COMPANY OF NORT1 CAROLINA J W Fry President Home Office Greensboro K Cohvell Jr Secretary K Col N C W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 146400 00 2 Amount of ledger assets as per bal302 COMPTROLLERGENERALS REPORT ance December 31 1906 12457992 3 Increase of capital during the year 46400 00 4 Extended at 11income 5 First years premiums on original poli cies without deduction for commis sion or other expenses less 576779 for first years reinsurance 139821 79 7 Total first years premiums on original policies 13 Renewal premiums without deduction for commissions or other expenses less 23462 for reinsurance on re newals 29109 17 17 Total renewal premiums 18 Total premium income 22 Interest on mortgage loans 2526 03 24 Interest on bonds and dividends on stocks 800 00 25 Interest on premium notes policy loans or liens 127 47 26 Interest on deposits 1759 99 30 Total interest and rents 35 From other sources Subscribed surplus 1160000 account capital stock 25000 41 Total income IIIDISBURSEMENTS I For death claims less 950000 rein surance 9500 00 3 Net amount paid for losses and matured endow ment 5 Premium notes voided by lapse 12 Total paid policyholders 10904 93 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 8909313 renewal premiums 90386 17 Salaries and allowances for agencies including mana gers agents and clerks 18 Agency supervision traveling and all other agency ex penses 170979 92 139821 79 29109 17 168930 96 5213 49 11850 00 185994 45 9500 00 1404 93 89996 99 i933 58 4452 09COMPTROLLERGENERALS REPORT 303 19 Medical examiners fees 1488200 inspection of risks 333443 l8216 43 20 Salaries and all other compensation of officers di rectors trustees and home office employees 2233726 21 Rent I096 99 22 Advertising printing and startionery 716887 post age 112141 829028 Legal expenses 1210 00 Furniture fixtures and safes 1633 7 Insurance taxes licenses and department fees 2417 36 32 All other disbursements General expense 506782 telephone and telegraph 84495 5912 77 23 24 25 40 Total disbursements 16840238 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force of which 472482 is for first years premiums 6 Book value of bonds excluding interest 7 Deposited in trust companies and banks on interest 8 Cash deposited in banks not on interest 9 Agents balances 11 Total ledger assets i 15600 00 87000 00 810 63 1099 61 27279 39 32475 00 10000 00 7298 12 7009 24 188571 99 NONEEDGER assets 12 Interest accrued on mortgages 910 70 14 Interest accrued on collateral loans 30 65 15 Interest accrued on premium notes policy loans or liens 289 14 16 Interest accrued on other assets 164 38 18 Total interest and rents due and accrued 22 Gross premiums due and New Business unreported on policies in force December 31 1906 23 Gross deferred premiums on policies in force De cember 31 1906 Renewals 3i9i7 93 5459 73 1262 39 24 Totals 3T9I7 93 6722 12 1394 7304 COMPTROLLERGENERALS REPORT 25 Deduct loading 20 per cent 638359 134442 I1 26 Net amount of uncollect ed and deferred pre miums 25534 34 5377 70 30912 04 32 Gross assets 220878 90 DEDUCT ASSETS NOT ADMITTED 35 Agents debit balances 700924 43 Total admitted assets VLIABILITIES 213869 66 I Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the company on the American experi ence table of mortality with 4 per cent interest and the actuaries table of mortality with 4 per cent in terest 45839 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 2962 00 Net reserve 5 Claims for death losses in process of adjustment or adjusted and not due 2000 00 42877 00 10 Total policy claims 12 Premiums paid in advance including surrender values so applied 31 Capital stock 32 Unassigned funds surplus 2000 00 106 04 146400 00 22486 62 34 Total liabilities 21386966COMPTROLLERGENERALS REPORT 805 GUARANTEE LIFE INSURANCE COMPANY OF TEXAS Jonathan Lane President Chas Boedeker Secretary Principal Office Houston Texas Edgar Watkins Atlanta Attorney for Service in Georgia ICAPITAL STOCK I Amount of capital stock paid up in cash 2 Surplus 100000 00 25000 00 Extended at 125000 00 IIINCOME DURING YEAR I Cash received for premiums on new poli cies without deductions for commis sions or other expenses 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 25217 12 530 45 7 Total premium income 8 Cash received for interest on mortgage loans 11 Cash received for interest on other debts due the com pany 15 From all other sources viz ent Due agency superintend Total income IIIDISBURSEMENTS FOR THE YEAR 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 89100 inspec tion of risks 550 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 20 in 24686 67 2250 00 4 51 36 08 26977 26 16707 66 362 95 896 50 6331 60 40 65 323 50 306 COMPTROLLERGENERALS REPORT 27 Cash paid for advertising 34714 printing 112855 postage 4975 29 Cash paid for the following items viz Legal ex penses 145831 furniture and fixtures 49910 actuary fees 62166 sundry expenses 39488 30 Total disbursements 1525 44 2973 95 29162 25 IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 5 Premium notes loans or liens on policies in force 8 Cash deposited in banks 9 Bills receivable II Total net ledger assets 75000 00 1215 12 46591 89 8 00 122815 01 OTHER ASSETS 16 Interest accrued on cash in bank 157 73 17 Interest accrued on premiums notes loans or liens 7 28 Total carried out 25 Gross premiums due and unreported on New Business policies in force December 31 1906 1657 61 25 Deducting loading 75 per cent on new 1243 21 Premium notes loans on policies and net premiums in item 26 in excess of the net value of total assets less items not admitted 165 01 26 Net amount of uncollected and deferred premiums 44 40 28 Total assets as per the books of the company 12339442 ITEMS NOT ADMITTED 978 88 a Total assets less items not admitted 12241554 VLIABILITIES 1 Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing to the actuaries table of mor tality with 3i per cent interest Deduct net value of risks of this 3835 1 COMPTROLLERGENERALS REPORT company reinsured in other solvent companies 204 55 Xet reinsurance reserve 16 Amount of any other liability of the company viz Unearned interest 43778 bonuses 7690000 sun dries 6233 17 Capital stock 18 Gross surplus on policyholders account it Total liabilities 307 3630 58 1269 11 100000 00 17515 85 122415 54 HOME LIFE INSURANCE COMPANY OF NEW YORK George E Ide President Ellis W Gladwin Secretary Principal Office 256 Broadway New York City W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK I Amount of capital stock paid up in cash 12500000 Amount of net or ledger assets Decem ber 31 of previous year 1733837 59 Extended at I73383I7 59 IIINCOME DURING YEAR 1906 1 Cash received for premiums on new policies without deductions for com missions or other expenses ii Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2 Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums see item u disburse ments 34 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 5 Consideration for annuities other than matured installment policies 513399 38 2566196 65 233 4 89684 99 24695 68 274579 09 72622 07 Total 354i4io 90 6 Deduct amount of premiums paid to other companies for reinsurance on308 COMPTROLLERGENERALS REPORT policies in this company new business 242318 renewals 2212113 24544 31 12 13 Total premium income Cash received for interest on mortgage loans Cash received for interest on bonds owned and divi dends on stock Cash received for interest on premium notes loans or lins Cash received for interest on other debts due the company Cash received as discount on claims paid in advance Cash received for rents for use of companys prop erty including 2400000 for companys own occu pancy Cash received for profits on sales of bonds or stocks 1181450 real estate 187000 all other 1 53844 Erom dividends and surrender values on reinsurances 13500 deducted from item 13 of disbursements From all other sources viz Consideration for sup plementary contracts not involving life contingen cies Total income S 3516866 59 244942 00 360032 23 115964 76 9029 97 615 35 105373 41 15222 94 55939 ou 4423986 25 IIIDISBURSEMENTS FOR THE YEAR 1906 Cash paid for death claims including reversionary additions 906 019 92 2 Premium notes loans or liens used in payment of the same 12733 38 3 Cash paid for matured endowments and additions thereto 29719403 4 Premium notes loans or liens used in payment of same 759 12 5 Cash paid for sums falling due during the year on installment policies 8756 ti Total 1232293 46 Deduct amount received from other companies for losses or claims on poli cies of this company reinsured 7500 00 7 Total net amount actually paid for losses and ma tured endowments 1224793 46 8 Cash paid to annuitants 404424s 9 Premium notes loans or liens used in purchase of surrendered policies 29975 15COMPTROLLERGENERALS REPORT 309 9i io 11 16 17 18 19 23 24 25 26 27 28 29 Premium notes loans or liens used in payment of dividends to policyholders 14202 14 Cash dividends paid policyholders 4237 57 Cash dividends applied to pay running premiums see item 3 income 24695 68 Cash dividends applied to purchase paidup additions and annuities see item 3i income 274579 09 Surrender values paid in cash 263539 J6 Total paid to policyholders 187646473 Cash paid stockholders for interest on dividends 1500000 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 26402956 renewals 18499431 44902387 Cash paid for salaries and allowances to managers and agents 15186086 Cash paid for medical examiners fees 3387900 in spection of risks 289901 36778 01 Cash paid for salaries and all other compensation of officers and directors and other home office em ployees 136208 22 Cash paid for taxes on new premiums and on re newals 43962 47 Cash paid for taxes on reserves 163779 on invest ments 1240237 14040 16 Cash paid for insurance department fees and agents licenses 617928 munifcipial licenses 229782 8477 10 Cash paid for rent companys occupancy 2400000 Cash paid for commuting commissions 109443 26 Cash paid for furniture fixtures and safes for home and agency offices 2489 7 Cash paid for advertising 2371100 printing 17 56557 postage 53038o 46580 37 Cash paid for real estate expenses other than taxes 4013776 for legal expenses 828251 4842027 Cash paid for the following items viz Agency super vision 237928 miscellaneous office expenses 8 38298 profit and loss 1593021 2669247 Total miscellaneous expenses111297676 2989441 49 3c Total disbursements IVASSETS AS PER LEDGER ACCOUNTS i Cost value of real estate exclusive of all incum brances 165285981 2 Loans on mortgage first liens on real estate 5809650 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1373665 00 5 Premium notes loans or liens on policies in force of which 8991803 was received during the year 577331 14310 COMPTROLLERGENERALS REPORT 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 9022004 69 7 Cash in companys office 1090 07 8 Cash deposited in banks 292455 68 10 Agents debit balances 369190 agents advances 4533434 49026 24 Total 1877808263 Less deposits by agents to company account in local banks reports in transit included in item No 23 5220 28 11 Total net or ledger assets 18772862 35 12 Deduct depreciation from cost of assets to bring same to market value 116466 78 13 Total net or ledger assets less depreciation 18656397 57 OTHER ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 17 Interest due 147581 and accrued 117128on pre miums notes loans or liens 19 Rents due 61024 and accrued 280333 on com panys property or lease 25 Gross premiums due and New Businesg Renewals unreported on policies in force December 31 1906 1993 33 15061230 24 Gross deferred premiums on policies in force De cember 31 1906 2271703 18080483 23778 46 96699 69 2647 09 3413 57 Totals 25 Deducting loading 226 per cent 26 Net amount of uncol lected and deferred pre miums 24710 36 331417 13 5584 54 74900 27 19125 82 256516 86 275642 28 Total assets as per the books of the company 19058577 06 ITEMS NOT ADMITTED 5 Agents balances 49026 24 9 Total assets less items not admitted 1900955082COMPTROLLERGENERALS REPORT 311 VLIABILITIES Net present value of all the outstand ing policies in force 31st day of De cember 1906 computed according to the actuaries table of mortality with 4 per cent interest and American table of mortality with 3i and 3 per cent I7723I9S 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 95074 00 16 Net reinsurance reserve 3 Claims for death losses which have been reported and no proofs received 4 Claims for matured endowments due and unpaid 6 Claims for death losses and other policy claims resisted by the company 17628121 00 97396 75 23H 73 5500 00 Total policy claims Amount of all unpaid dividends of surplus or other description of profits due policy holders Present value of amounts not yet due on supplemen tary contracts not involving life contingencies Amount of any other liability of the company viz Premiums paid in advance 3105226 unearned in terest paid in advance 5616917 17 Liabilities on policyholders account 1 18 Capital stock 2500000 unassigned funds surplus on policyholders account 95864898 105211 48 7256 93 98091 00 87221 43 17925901 84 1083648 98 19 Total liabilities 19009550 82 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 557 i434867 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 103 335035 20 Total 66 Deduct number and amount which have ceased to be in force during the year 138 1769902 20 270599 20 Total number and amount of policies in force in Georgia December 31 1906 522 1499303 00312 COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Geor gia unpaid December 31 of previous year I 500 00 Amount of losses and claims on policies in Geor gia incurred during the year 6 22610 20 Total 7 2311020 Amount of losses and claims on policies in Geor gia paid during the year 5 21442 20 Premiums collected or secured in Georgia during the year in cash 5019371 notes or credits 146507 without any deduction for losses dividends commissions or other expenses 51658 78 ILLINOIS LIFE INSURANCE COMPANY OP ILLINOIS James W Stevens President Oswald J Arnold Secretary Home Office 134 Monroe Street Chicago 111 J C Tumlin Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 5456210 25 4 Extended at 1 5456210 25 IIINCOME 5 First years premium on original policies without deduction for commissions or oth er expenses less 397087 for first years reinsurance 220584 41 8 Dividends applied to purchase paidup addi tions and annuities 56o6 27 9 Surrender values applied to purchase paidup insurance and annuities 28765 82 12 Total new premiums 254956 50 13 Renewal premiums in addition to item 14 without deduction for commissions or oth er expenses less 610717 for reinsurance on renewals 1130064 57 14 Dividends applied to pay renewal premiums 29766 43 17 Total renewal premiums 1159831 00COMPTROLLERGENERALS REPORT 313 18 Total premium income 22 Interest on mortgage loans 23 Interest on collateral loans 24 Interest on bonds and dividends on stocks 25 Interest on premium notes policy loans or liens Interest on deposits and sundry Interest on other debts due the company deferred premiums Rent from companys property including 1 30000 for companys occupancy of its own buildings 1414 50 26 27 29 65650 39 15633 62 72263 83 66791 22 10153 43 14804 80 79342 96 30 Total interest and rents 31 Profit on sale or maturity of ledger assets 324640 25 717 51 41 Total income 1740145 26 nIDISBURSEMENTS 1 For death claims less 1500000 reinsur ance 41139557 additions 841898 2 For matured endowments 1911700 tions 25762 addi 419814 55 19374 62 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies t Premium and policy lien notes voided by lapse 8992893 I pur rev additions 14900 interest gold bonds 47199 6 Surrender values paid in cash 8 Surrender values applied to purchase paidup insurance and annuities see income No 9 o Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums see income 11 Dividends appliedto purchase paidup additions and annui ties see income No 8 12 Total paid policyholders 896625 19 14 Paid stockholders for interest or dividends Commissions and bonuses to agents less commission on re insurance first years premiums I36I2754 renewal premiums 12205289 Salaries and allowances for agencies including managers agents and clerks 18 Agency supervision traveling and all other agency expenses 19 Medical examiners fees 1328705 inspection of risks 4 8n00 inv claims 400000 20 Salaries and all other compensation of officers directors trustees and home office employees 21 Rent including 130000 for company s occupancy of own buildings 909349 agents offices 726778 15 17 439i89 17 1800 00 90549 94 295340 35 28765 82 5607 21 29766 43 5606 27 7000 00 258180 43 7886 33 3222 41 22100 66 93597 85 16361 27314 COMPTROLLERGENERALS REPORT 22 Advertising 1715759 printing and stationery 513433 postage 491085 27 02 23 Legal expenses gg 24 Registration 184075 inc expense 2222002 24060 77 25 Insurance taxes licenses and department fees 19589 35 26 Taxes on real estate T tj 2413 01 27 Repairs and expenses other than taxes on real estate 71466 57 28 Loss on sale or maturity of ledger assets Stocks and bonds 28814 real estate 237254 Kentucky mortgages 40000 total 3j06o68 32 All other disbursements Investment expense 33420 ex pense surrendered policies 39857 collectionof premi ums 170586 municipal licenses 44525 exchange 101217 total 3896 05 40 Total disbursements 1 485 81 2 IVLEDGER ASSETS 1 Book value of real estate unincumbered 783250 32 2 Mortgage loans on real estate first liens 1202017 88 3 Loans secured by pledge of bonds stocks or other collateral Sis 00 4 Loans made to policyholders on this companys policies as signed as collateral 1200188 17 5 Premium notes on policies in force 53Q4 g6 6 Book value of bonds excluding interest 62684046 and stocks 105701051 1683850 g7 7 Deposited in trust companies and banks on interest 76160 81 8 Cash in companys office 767942 deposited in banks not on interest 342983 niog 25 9 Bills receivable 550506 agents balances 14507380 150578 86 10 Suspense account 1908176 furniture and fixtures 27 22630 commuted ren commissions 4410000 90408 06 11 Total ledger assets 5710574 28 NONLEDGER ASSETS 12 Interest due 93486 and accrued 1726377 on mortgages l8IQ8 63 13 Interest accrued on bonds 1296 04 14 Interest accrued on collateral loans 3821 14 15 Interest accrued on premium notes policy loans or liens 12673 36 16 Interest accrued on other assets 53 42 17 Rents due on companys property or lease 843 00 18 Total interest and rents due and accrued 36885 59 19 Market value of real estate over book value 229479 25 20 Market value not including interest in item 13 of bonds and stocks over book value 0I g gCOMPTROLLERGENERALS REPORT 315 21 Due from other companies for losses or claims on policies of this company reinsured 22 Gross premiums due and unre ported on policies in force December 31 1906 23 Gross deferred premiums on policies in force December 31 1906 New Business 98736 00 Renewals 136698 97 3492 38 133699 30 24 25 Totals 10222838 Deduct loading 25557 09 270398 27 67599 57 26 Net amount of uncollected and deferred premiums 800 00 76671 29 202793 70 279469 99 32 Gross assets DEDUCT ASSETS NOT ADMITTED 6348692 89 34 Supplies stationery printed matter fund ture fixtures and safes 2722D 3 Commuted commissions 4410000 agents debit balances i45o738o V3 80 36 Cash advanced to or in the hands of officers or agents suspense account 37 Bills receivable 38 Premium notesand loans on policies and net premiums in item 26 in excess of the net value of their policies 107 31 19081 76 5505 06 42 Total 43 Total admitted assets 348475 23 6000217 66 VLIABILITIES I Net present value of all the outstanding poli cies in force on the 31st day of December 1906 as computed by the insurance depart ment of Illinois on the actuaries table of mortality with 4 per cent Same for reversionary additions Same for annuities including those in re duction of premiums interest 5592767 00 55370 00 16942 00 Total Deduct net value of risks of this company reinsured in other solvent companies 5665079 00 io334 00 Net reserve 5654745 00316 COMPTROLLERGENERALS REPORT 4 Claims for death losses due and unpaid 520 00 5 Claims for death losses in process of adjust ment or adjusted and not due 675 20 6 Claims for death losses which have been re ported and no proofs received I5igo2 34 8 Claims for death losses and other policy claims resisted by the company 2000 00 10 Total policy claims fi 11 Due and unpaid on supplementary contracts not involving life contingencies fi 12 Premiums paid in advance including surrender values so applied T 7198 30 13 Unearned interest and rent paid in advance 16 132 66 16 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac crued S Q 20 Dividends or other profits due policyholders including those contingent on the payment of outstanding and de ferred premiums 21 Dividend apportioned payable to policyholders during 1907 781 91 22 Amounts set apart or provisionally ascertained or calculated or held awaiting apportionment upon deferred dividend rp0TV 5918085 31 Capital stock IOoooooo 32 Unassigned funds surplus 100221 14 33 Total liabilities 600021766 Business in the State of Georgia during the year Policies on the lives of citizens of said State in N Amun force December 31 of previous year I03o 1304995 00 Policies on the lives of citizens of said State issued during the year 16 I Total 1206 1578029 00 Deduct ceased to be in force during the year 158 235944 00 Policies in force December 31 i048 1342085 71 Losses and claims incurred during year u 18541 00 Losses and claims settled during the year in cash 1814600 by compromise 39500 n 18541 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commisions or other expenses 39 622 2gCOMPTROLLERGENERALS REPORT 317 INDIANA NATIONAL LIFE INSURANCE COMPANY OF INDIANA M D Butler President Frank W Killen Secretary Principal Office 608 Indiana Pythian Building Indianapolis Ind George W Ryan Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash i493 00 Extended at 141930 00 IIINCOME DURING YEAR 1 Cash received for premiums on new policies without deductions for commissions or other expenses ii Cash received for renewal premiums with out deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2i Premium notes loans or liens taken in part payment for renewal premiums 15562 29 7509 97 624 92 3007 44 7 Total premium income P 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 15 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks 18 Money borrowed 19 From all other sources viz Premium on capital stock Total income 26704 62 70 00 1050 00 13 47 897 91 55339 27 70000 00 49120 00 203195 27 IIIDISBURSEMENTS FOR THE YEAR 10 Cash dividends paid policyholders 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 1033593 I renew als 1707200 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 812 74 27407 93 5050 97 597 X 10465 26318 COMPTROLLERGENERALS REPORT 23 Cash paid for insurance department fees and agents li censes 24 Cash paid for rent including 171940 companys occupan cy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 60060 printing 176981 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage 30223 commission on stock sold 367438 traveling expenses 205235 premium on treasurers bond 9039 interest and discount 222071 sundry expenses and collection and exchange 77105 investment expenses 1045 pre mium on bonds 169500 total 30 Total disbursements IVASSETS AS PER LEDCEK ACCOUNTS 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policyholders on this companys pol icies 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 and in banks 8 Cash deposited in banks in certificates of deposit 9 Bills and accounts receivable 10 Agents ledger balances 13 Total net or ledger assets 285 50 1719 40 1834 85 2370 41 4020 00 10514 33 65380 62 4050 00 43 37 8756 24 96000 00 14510 78 149360 00 37i 43 3262 83 279744 65 OTHER ASSETS 14 Interest due 3000 and accrued 3131 on mortgages 61 31 15 Interest accrued on bonds and stocks 267 27 18 Interest accrued on other assets 2414 95 Total carried out 23 Gross premiums due and unreported on poli cies in force July 22 1907 25 Deducting loading 50 per cent 6023 79 3011 90 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 743 S3 3011 89 1834 85 28 Total assets 287334 92COMPTROLLERGENERALS REPORT 319 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 7 Bills receivable and accounts 1834 85 3262 83 376i 43 Total 9 Total assets less items not admitted VLIABILITIES 1 Net present value of all the outstanding policies in force on the 22d July 1907 computed according to the actuaries table of mortality with 3 per cent interest 14 Amount due by the company for borrowed money 16 Amount of any other liability of the company viz Premi ums paid in advance 13349274 capital stock 141930 unassigned funds surplus 30537 8859 n 278475 81 63492 74 70000 00 278475 81 19 Total liabilities 69054436 LIFE INSURANCE COMPANY OF VIRGINIA J G Walker President W L T Rogerson Secretary Principal Office 909915 E Broad Street Richmond Va L Z Rosser Morris Brandon Atlanta Attorneys for Service in Georgia ICAPITAL STOCK i Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous year 2253668 09 Increase of capital during 1906 SOooo 00 Extended at ILINCOME DURING YEAR 196 1 Cash received for premiums on new policies without deductions for commissions or other expenses 439158 10 ii Cash received for renewal premiums with out deductions for commissions or other 647926 74 expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2982 5320 COMPTROLLERGENERALS REPORT 2i Premium notes loans or liens taken in part payment for renewal premiums 1149 II 3 From dividends applied to pay running pre miums 408 51 4i From surrender values applied to purchase paidup insurance and annuities 6744 41 Total 2098369 72 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 46381 re newals 75732 1221 13 7 Total premium income 2097148 59 8 Cash received for interest on mortgage loans 74461 11 9 Cash received for interest on bonds owned and dividends on stock 26613 43 10 Cash received for interest on premium notes loans or liens 2882 23 11 Cash received for interest on other debts due the company 8668 97 13 Cash received for rents for use of companys property in cluding 441150 for companys own occupancy 5567 5 14 Cash received for real estate 2 09 18 Profit and loss 254 39 19 From all other sources viz Agents cash bonds 1733 72 Total income 2217332 03 IIIDISBURSEMENTS FOR THE YEAR I906 i Cash paidfor death claims including reversionary additions 618591 93 3 Cash paid for matured endowments and additions thereto 1769 50 8 Weekly indemnity claims 583 4 10 Cash dividends paid policyholders 43964 7 11 Cash dividends applied to pay running premiums 408 51 12 Cash dividends paid to annuitants 206 25 13 Surrender values paid in cash 17930 27 15 Surrender values applied to purchase paidup insurance and annuities 6744 41 Total paid policyholders 69019897 16 Cash paid stockholders for interest on dividends 27000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 20040212 renewals 22783226 428234 38 18 Cash paid for salaries and allowances to managers and agents 236243 17 19 Cash paid for medical examiners fees and inspection of risks 38432 16 20 Cash paid for salaries and all other compensation of officers and other home office employees 132807 49 21 Cash paid for taxes on new premiums 28549 43COMPTROLLERGENERALS REPORT 321 22 Cash paid for taxes on franchise 215499 on investments 229653 State licenses 355ooo 8y 1 23 Cash paid for insurance department fees and agents li censes 125212 municipal licenses 569859 personal property 2247 603 S 24 Cash paid for rent including 441 iSO companys occupan cy less 15600 received under sublease 19728 25 Cash paid for committee and board fees 70500 general expenses 16859S3 I7564 M 26 Cash paid for furniture fixtures and safes for home and agency offices 357030 postage 868038 12250 8 27Cash paid for advertising 1251098 printing 1697283 traveling expenses 564302 35126 3 28 Cash paid for real estate expenses other than taxes 1050 03 for legal expenses 1949659 2054i b2 29 Cash paid for the following items viz Loss on sale of real estate 3025 profit and loss 78927 agents cash bonds 10837 lf2 Total miscellaneous disbursements 1013361 29J 30 Total disbursements 170356026 jyASSETS AS PER LEDGER ACCOUNTS I Cost value of real estate exclusive of all incumbrances 103095 46 2 Loans on mortgage first liens on real estate iS7iSo8 89 3 Loans secured by pledge of bonds stocks or other marketa ble collaterals 578Sl 4 Loans made in cash to policyholders on this company s pol icies assigned as collateral 49502 09 e Premium notes loans or liens on policies in force received 4131 during the year 6 Cost value of bonds and stocks owned excluding interest at 022359 45 time of purchase 64 12 7 Cash in companys offices fig 8 Cash deposited in banks y 11 Total net or ledger assets 28i7439 12 Deduct depreciation from cost of assets to bring same to 1 2600 99 market value 13 Total net or ledger assets less depreciation 2814838 87 OTHER ASSETS 14 Interest due 235251 and accrued 1175433 on mortgages 0684 15 Interest due and accrued on bonds and stocks 12591 45 16 Interest accrued on collateral loans 690 44 21 in322 COMPTROLLERGENERALS REPORT 17 Interest due 15714 and accrued 1031 on premiums notes loans or liens 167 45 19 Rents due and accrued on companys property or lease 181 52 Total carried out 20 Market value of real estate over cost 21 Market value of stocks over cost 23 Gross premiums due and unre ported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 T906 New Business 1712 58 10588 67 Totals 25 Deducting loading 12301 25 3075 32 26 Net amount of uncollected and deferred premiums 27 Premium extension notes 9225 93 2 Total assets Renewals 22905 40 44995 65 67901 05 19995 55 47935 50 27737 70 21804 54 16585 94 57131 43 190 57 2938289 05 VLIABILITIES Net present value of all the outstanding pol icies in force on the 31st clay of December 1906 computed according to the actuaries and American experience table of mortality with 4 3j and 3 per cent interest includ ing special reserve 2332196 00 Deduct net value of risks of this company reinsured in other solvent companies 493 00 5 6 Net reinsurance reserve 2 Liability on cancelled policies not included in item No 1 upon which a surrender value may lie demanded 4 Claims for matured endowments due and unpaid Claims for death losses and matured en dowments in process of adjustment or ad justed and not due Claims for death losses and other policy claims resisted by the company 422 00 13621 51 3000 00 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders it Dividends apportioned payable to policyholders in 1907 2331703 00 4384 00 17043 51 2649 80 5352 81COMPTROLLERGENERALS REPORT 323 12 Amount of national State or other taxes due or accrued and amount due or accrued on account of salaries rents and office expenses commissions and medical fees 29964 35 14 Unearned interest and rent paid in advance 1226 31 15 Commissions due to agents or premium notes when paid 9 52 16 Amount of any other liability of the company viz Pre miums paid in advance 4251252 agents cash bonds 175000 44262 52 17 Liability on policyholders account 2436595 82 18 Gross surplus on policyholders account 5OI693 23 19 Total liabilities 2938289 05 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 6909 802340 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 14084 1619378 00 Total 2993 2421718 00 Deduct number and amount which have ceased to be in force during the year 8950 986135 00 Total number and amount of policies in force in Georgia December 31 1906 2043 143558300 Amount of losses and claims on policies in Georgia in curred during the year lS 5947 42 Amount oflosses and claims on policies in Georgia paid during the year in cash l5 5947 42 Amount of premiums collected or secured in Georgia dur ing the year in cash and notes or credits without deduction for losses dividends commissions or other expenses cash 50532 26 LOUISIANA NATIONAL LIFE ASSURANCE SOCIETY Gustavc Lemlc President Henry Kahn Secretary W A Wright Atorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital stock paid up in cash 240000 00 Extended at 240000 00 nINCOME DURING YEAR I Cash received for premiums on new policies without deduc tions for commissions or other expenses 17261 25324 COMPTROLLERGENERALS REPORT 9 Cash received for interest on bonds owned and dividends on stock I050 oo io Cash received for interest on premium notes loans or liens I 09 19 From all other sources viz Premium on capital stock 60000 00 Total income 8821 24 IIIDISBURSEMENTS FOR TH YEAR 17 Cash paid for c mmissiohs and bonuses to agents less C mmission on reinsurance new policies 4937 oh 8 Cash paid for salaries and allowances to managers and agents o 00 19 Cash paid fr medical examiners ices 45300 inspection of risks 17809 63 9 20 Cash paid f r salaries and all other compensation of officers and other home o fice employees 8583 93 23 Cash paid for insurance department fees and agents li censes 421 00 24 Cash paid for rent 530 00 26 Cash paid for furniture fixtures and safes for home and agency offices r003 84 27 Cash paid for advertising 100880 printing 113707 2145 87 28 Cash paid for legal expenses too 00 29 Cash paid for the following items viz Postage 17921 agency supervision traveling etc 310890 interest mis cellaneous telegrams exchange brokerage telephones freight office supplies light H O traveling etc 1694 77 30 Total disbursements 4381 4 IVASSETS AS PER LEDGER ACCOUNTS 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 285417 50 7 Cash in companys office 881 85 8 Cash deposited in banks 17454 5 10 Agents ledger balances advanced during the year 7i 7 11 Total net or ledger assets 303826 77 12 Deduct depreciation from cost of assets to bring same to market value 0502 50 13 Total net or ledger assets less depreciation 297324 27COMPTROLLERGENERALS REPORT 325 23 25 26 28 OTHER ASSETS New Business Gross premiums due and unreported on pol icies in force December 31 1906 2479 06 Deducting actual loading 1735 34 743 12 Net amount of uncollected and deferred premiums Total assets 298067 99 ITEMS NOT ADMITTED Agents balances Net premiums in item 26 in excess of the net value of their policies 73 27 448 47 Total Total assets less items not admitted VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest Amount due on account of salaries rents and office ex penses Amount of any other liability of the company viz Excess reserve American3 per cent ever actuaries 17 18 19 Liabilities on policyholders account Gross surplus on policyholders account Total liabilities other than capital stock Capital stock Total liabilities including capital stock 521 74 297546 25 2158 00 6 66 128 00 2292 66 55253 59 57546 25 240000 00 297546 25 MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK Henry B Stokes President M W Torrey Secretary Principal Office 64 66 68 70 Broadway New York N Y John J Coggins Atlanta Attorney for Service in Georgia ICAPITAL STOCK I Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year 18308697 16 Extended at 18308697 16826 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR I9OO I Cash received for premiums on new policies without deductions for commissions or other expenses 373428 70 ii Cash received for renewal premiums with out deductions for commissions or other expenses 2210813 50 3 From dividends applied to pay running pre miums 35136 50 3I From dividends applied to purchase paidup additions and annuities 4809 61 4 From surrender values applied to pay run ning premiums 441 38 ii From surrender values applied to purchase paidup insurance and annuities 7795 84 5 Consideration for annuities and also for supplementary contracts other than ma tured installment policies 27143 10 Total 2670568 63 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 717868 re newals 2551477 32686 45 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bends 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 including collateral loans and hank deposits 13 Cash received for rents for use of companys property in cluding 6150000 for companys own occupancy 14 Cash received for profits on sale of bonds or stocks 44 18000 real estate 128878 all other 1326844 16 From dividends and surrender values on reinsurances 17 Premium notes loans or liens rest ired by revival of policies 2637882 18 322549 36 151128 45 104107 29 42661 05 3034 67 58737 22 685 47 14276 22 Total income IIIDISBURSEMENTS FOR THE YEAR I906 I Cash paid for death claims including rever sionary additions 1183236 35 3 Cash paid for matured endowments and ad ditions thereto 147475 00 5 Cash paid for sums falling due during the year on installment policies 100 03 3655061 91 Total 1330811 35COMPTROLLERGENERALS REPORT 6 Deduct amount received from other compa nies for losses or claims on policies of this company reinsured 7710 00 S27 y Total net amount actually paid for losses and matured en dowments 8 Cash paid to annuitants g Premium notes loans or liens voided by lapse io Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 1680299 79 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 20394334 renew als 12162978 18 Cash paid for salaries and allowances to managers and agents including agency supervision and traveling 19 Cash paid for medical examiners fees 3380000 inspection of risks 839595 20 Cash paid for salaries and all other compensation of officers and other home office employees including directors fees 21 Cash paid for taxes on new premiums and on renewals 38 69738 mortgage tax State N Y 33242 22 Cash paid for taxes on reserves 234122 on franchise 78 12 on real estate 6607494 23 Cash paid for insurance department fees and agents li censes 339263 municipal licenses 494766 24 Cash paid for rent including 6150000 companys own oc cupancy 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 712795 printing and station ery 1667670 postage 1089361 28 Cash paid for real estate expenses other than taxes 110 45682 for legal expenses 2045573 29 Cash paid for the following items viz Commuted commis sions account heretofore carried in assets 7335375 all other office expenses 1422617 all other disbursements 186192 charged officers 1608809 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS I Book value of real estate exclusive of all incumbrances 1253641 35 1977 65 24411 30 50470 84 36136 50 4809 61 280615 s 41 3S 16000 00 325573 I T l6420 63 42195 95 115603 M 39029 80 68494 28 8340 29 67963 49 2218 44 1745 56 34698 26 130912 60 105529 93 2738937 66 5307815 4838 COM PTROLLERGENERALS REPORT 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 pol icies assigned as collateral 5 Premium notes loans or liens on policies in force of which 825821 was received during the year 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 11 Total net or ledger assets 12 Deduct depreciation from cost of assets on bonds and stocks to bring same to market value 8239310 00 104000 00 1651344 60 281907 97 3171602 49 4191 49 441977 69 32671 69 19234821 41 49236 03 13 Total net or ledger assets less depreciation 19185585 38 14 15 16 17 18 19 OTHER ASSETS Interest accrued on mortgages 149280 45 Interest accrued on bonds and stocks 42639 12 Interest accrued on collateral loans 516 67 Interest on premiums notes loans or liens 19302 00 Interest accrued on other assets 4T98 67 Rents due 171333 and accrued 913000 on companys property or lease 10843 33 Total carried out 20 Market value of real estate over book 23 Gross premiums due and unre New Business ported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 1906 25 Deducting loading 25 per cent on new and renewals 226780 24 12684 S2 7568 46 1892 II Renewals 149575 96 73617 00 5579 4 26 Net amount of uncollected and deferred premiums 5676 35 28 Total assets as per the books of the company 167394 72 173071 07 19598121 21 ITEMS NOT ADMITTED 5 Agents balances 9 Total assets less items not admitted 32671 69 19565449 52COMPTROLLERGENERALS REPORT 329 VLIABILITIES I Net present value of all the outstanding pol icies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest and American 3 and 31 Per cent 1782383d 00 Deduct net value of risks of this company reinsured in other solvent companies 7j0b8 i7748747 30 Net reinsurance reserve 3 Claims for death losses due and unpaid 24799 50 4 Claims for matured endowments due and un 5 Claims for death losses and matured endow ments in process of adjustment or adjust Q0 ed and not due 6 Claims for death losses and other policy claims resisted by the company 3o 7 Amounts due and unpaid on annuity rfattns 301 19 101008 75 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 11 Amount of unpaid dividends to stockholders 16 Amount of any other liability of the company viz Fren 1 urns paid in advance 1807972 liability on lapsed poli cies 720300 amount of all claims against the company 1149219 total 100000 60 17 Cash capital 1548668 35 18 Contingent reserve fund 19565449 52 19 Total liabilities Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1939 3435 Number and amount of policies on the lives of citizens of Georgia issued during the year 2225 3796430 00 Total Deduct number and amount which have ceased to be force during the year Total number and amount of policies in force in g Georgia December 31 1906 J Amount of losses and claims on policies in Georgia incurred during the year 330 COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Georgia paid during the year jg Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 96826 21 MARYLAND LIFE INSURANCE COMPANY OF BALTIMORE MARYLAND Wm H Blackford 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 2 Amount of ledger assets as per balance December 31 of previous year 244363238 4 Extended at 2443632 38 IIINCOME 5 First years premiums on original policies without deduction for com missions or other expenses less 2 81978 for first years reinsurance 8 Dividends applied to purchase paid up additions and annuities 10 Consideration for original annuities in volving life contingencies 12 Total new premiums 13 Renewal premiums in addition to item 14 without deduction for commis sions or other expenses less 12 95982 for reinsurance on renewals 14 Dividends applied to pay renewal pre miums Total renewal premiums 18 Total premium income 22 Interest on mortgage loans 23 Interest on collateral loans 24 Interest on bonds and dividends on stocks 25 Interest on premium notes policy loans or liens and cash loans 32814 87 1029 39 8896 62 42740 88 257848 64 9438 31 6601 98 2973 87 82044 91 10550 61 267286 95 310027 8330 31 35 41 COMPTROLLERGENERALS REPORT 331 26 Interest on deposits 27 Interest on other debts due the com pany 29 Rent from companys property 400 50 16 80 17269 99 On real 50 on 15 on Total interest and rents Profit on sale or maturity of ledger assets estate in Amherst county Va sold 288 shares B O R R com stock sold 29221 city of Montgomery bonds redeemed 30111 From other sources Policies of reinsurance surren dered Total income 119858 72 881 81 3813 4 434581 78 HIDISBURSEMENTS 1 For death claims less 350000 reinsur ance 13296992 additions 2975533 2 For matured endowments 2750000 additions 44800 4 6 9 10 12 14 15 17 18 19 20 21 22 Xet amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Surplus distributed under deferred distribution polices Dividends paid to policyholders in cash Dividends applied to pay renewal premiums Small amount of dividends paid in cash upon paid up policies included Dividends applied to purchase paid up additions and annuities Total paid policyholders 20766670 Paid stockholders for interest or dividends Commissions and bonuses to agents less commission on reinsurance first years premiums 20738471 re newal premiums 1292852 on aimuites original 35586 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 direc tors trustees and home office employees Advertising 131439 printing and stationery 1 01104 postage 82634 Legal expenses 163893 45 5591 86 999 61 21319 4i 4983 33 411 37 9 438 31 1029 39 6000 co 34022 85 4304 00 1920 12 2336 50 21842 33 152 50 3i5i 77 600 00382 COMPTROLLERGENERALS REPORT 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 On real estate at Mt Jackson Va sold 63660 on real estate at Danville Va sold 18962 on 73 shares Union Terminal R R stock sold 24433 32 All other disbursements Library bureau sundry expenses 195338 40 Total disbursements 297671 74 4H9 57 4601 90 3020 99 1070 55 285i 96 IVLEDGER ASSETS 1 Book value of real estate unincumbered 258163 03 2 Mortgage loans on real estate first liens 121650 84 3 Loans secured by pledge of bonds stocks or other collateral 70200 co 4 Loans made to policyholders on this companys policies assigned as col lateral 17200700 5 Premium notes on ordinary policies in fqrce of which 3391 is for first years premiums 8878 10 Premium loans on policies issued undcr the name of loan policies 638301 6 Book value of bonds excluding in terest 175570761 and stocks 95 33015 185103776 8 Cash in companys office 127316 de 1 osited in banks not on interest f94938i 70772 97 y Hills receivable 4308 40 H Dividends due in January on bank stock 1 91920 deposit with Baltimore Equitable Co 20000 furniture 2 35164 open accounts judgments etc 1392730 suspended accounts 12495 18523 09 1 Total ledger assets 2581924 20 Deduct agents etc credit balances 1381 78 Total 2580542 42 NONLEDGER ASSETS 12 Interest accrued on mortgages 1904 43 13 Interest accrued on bonds 9811 13 14 Interest accrued on collateral loans 52 27COMPTROLLERGENERALS REPORT 333 l5 Interest due 38238 and accrued 2 00408 on premium notes policy loans 2386 40 or liens 17 Rents accrued on companys property 34 4 or lease 18 Total interest and rents due and accrued 14519 13 20 Market value not including interest in item 13 of bonds and stocks over book value 5 J 22 Gross premiums due and unreported on policies in force December 31 i96 20263 99 23 Gross deferred premiums on policies in force December 31 1906 2I8t5 49 24 Total 42494 25 Deduct loading 9694 3 26 Net amount of uncollected and deferred premiums 32455 10 2685354 78 32 Gross assets DEDUCT ASSETS NOT ADMITTED 34 Furniture fixtures and safes 235l 4 35 Agents debit balances 43 40 30 Book value of ledger assets over mar ket value viz Open accounts judg ments etc and suspended accounts 1105225 less ledger liabilities de ducted above i38i8 I2b7 47 iy33 51 42 Total 2666024 27 1 Total admitted assets VLIABILITIES I Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the insurance department of Mary land on the actuaries table of mor tality with 4 Per cent interest 2333l8o 00 Same for reversionary additions In cluded in above Same for annuities including those in reduction of premiums Included in above Total 2333l8ooo334 COMPTROLLERGENERALS REPORT Deduct net value of risks of this com pany reinsured in other solvent com panies 50008 00 Net reserve 2283172 00 4 Claims for death losses due and unpaid awaiting release 1000 00 5 Claims for death losses in process of adjustment or adjusted and not due 3563 58 Claims for death losses which have been reported and no proofs received in cluding 4458 cash dividends 23167 58 7 Claims for matured endowments due and unpaid 869 66 10 Total policy claims 28600 82 2 Premiums paid in advance including surrender values so applied 603 37 13 Unearned interest and rent paid in advance 16 67 14 Commissions due to agents on premium notes when paid 226 62 1 Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued estimated 2270 00 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums C 102 56 22 Amounts set apart or provisionally ascertained or cal culated or held awaiting apportionment upon de ferred dividend policies Total amount provisionally calculated for deferred distribution policies which have not yet reached the end of their distribution 19938104 This sum is not a liability nor is re garded as apportioned until the end of the distribu tion period stipulated in the respective policies 30 Other liabilities Agents credit balances 132518 other 5660 138178 31 Capital stock 100000 00 32 Jnassigned funds surplus 24365045 33 Total liabilities 2666024 27 Business in the Stair of Georgia during the year Including paidfor business only No Amount Policies on the lives of citizens of said State in force December 31 of previous year estimated 350 586245 00COMPTROLLERGENERALS REPORT 335 Policies on the lives of citizens of said State is sued during the year paid for 6 9150 oo Total 356 595395 00 Deduct ceased to be in force during the year 33 5045 00 Policies in force December 31 estimated 323 544945 o Losses and claims incurred during year 6 9198 00 Losses and claims paid during the year in cash 6 9198 00 Premiums collected or secured in cash and notes or credits without and deduction for losses dividends com missions or other expenses 15163 5 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS Jchn A Hall President Wm H Sargcant Secretary Home Office 413 Main Street Springfield Mass ICAPITAL STOCK 4 Extended at 37752487 88 IIINCOME 5 First years premiums on original poli cies without deduction for commis sion or other expenses less 13 46479 for first years reinsurance 756389 84 8 Dividends applied to purchase paid up additions and annuities 776i2 75 12 Total new premiums 834002 59 13 Renewal premiums in addition to item 14 without deduction for commis sions or other expenses less 142 82322 for reinsurance on renewals 5623861 91 14 Dividends applied to pay renewal pre miums 820676 28 17 Total renewal premiums 6444538 19 18 Total premium income 727854 78 10 Consideration for supplementary contracts not involv ing life contingencies 180811 10336 COMPTROLLERGENERALS REPORT 21 Premium notes loans or liens restored by revival of policies 12719 57 22 Interest on mortgage loans 718566 23 24 Interest on bonds and dividends on stocks 737104 22 25 Interest on premium notes policy loans or liens 291939 47 26 Interest on deposits 10106 49 27 Interest on other debts due the com pany Sos8 82 28 Discount on claims paid in advance 35 61 29 Rent from companys property includ ing 800000 for companys occupancy of its own buildings 23425 59 30 Total interest and rents 1786506 43 35 From other sources Profit and lossAdvance to agents returned 23327 dividend on Irrigation Co stock charged off years ago 750000 profit on bonds called 2000 profit on real estate sold 55631 final dividend Farmers National Bank Ver geniies Vt 415 N E Loan Trust Co balance charged off some years ago 20000 8513 73 42 Total income 9267091 61 IIIDISBURSEMENTS I For death claims 216837822 ad ditions 1153900 2179917 22 2 For matured endowments 26965700 additions 583100 275488 00 3 Net amount paid for losses and matured endowments 2455405 22 5 Premium notes voided by lapse and used in purchase of surrendered policies 6 Surrender values paid in cash 7 Surrender values applied to pay interest 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums ioi Dividends allowed in 1906 and left with the company to accumulate at interest subject to the order of the policyholder Dividends applied to purchase paid up additions and annuities Dividends applied in payment of premium notes Total paid policyholders 415336135 Paid for claims on supplementary contracts not involv ing life contingencies II IlJ 12 13 56306 13 565965 31 1184 58 22423 90 820676 28 91786 31 77612 75 62000 87 65482 82COMPTROLLERGENERALS REPORT 537 IS Commissions and bonuses to agents less ssum on reinsurance first years premiums 36881090 renewal premiums 38872766 7 Salaries and allowances for agencies including man agers agents and clerks 8 Agency supervision traveling and all other agency ex penses i9 Medical examiners fees 5520300 inspection of risks 2o Sawfand all other compensation of officers direc tors trustees and home office employees o n Rent including 800000 for companys occupancy of its own buildings 22 Advertising 1026025 printing and stationery 29 03151 postage 2075834 78o 44 23 Legal expenses 393202 24 Furniture fixtures and safes 25 Insurance taxes licenses and department fees 19 26 Taxes on real estate 27 Repairs and expenses other than taxes on real estate J 15801 50 29 Premiums on securities purchased Miscellaneous expenses r All other disbursements Profit and lossCon ns sions 745oo to reduce ledger value of real estate 1000000 cash lost in San Francisco fire 356 taxes and expenses in connection with foreclosures I8o622 cash surrender value paid on fraudulent papers 7427 5594678 61 40 Total disbursements rv LEDGER ASSETS Book value or real estate unincumbered 5g 5 2 Mortgage loans on real estate first hens I Loans made to policyholders on this company s poll cies assigned as collateral 5 Premium notes on policies in force less 362342 gen for reinsurance 6 Book value of bonds excludmg mterest I7586 S7S and stocks 42296550 7 r 6 o8 7 Deposited in trust companies and banks on interest 16365 98 8 Cash in companys office 28x60 deposited m banks not on interest 39429922 J J 9 Bills receivable 41 U930 88 11 Total ledger assets 22 in338 COMPTROLLERGENERALS REPORT NONLEDGER ASSETS 12 Interest due 315750 and accrued 23237390 on mortgages 5 13 Interest accrued on bonds 15 Interest due 267736 and accrued 8594580 on pre mium notes policy loans or liens i6 Interest accrued on other assets 17 Rents accrued on companys property or lease 18 20 New Business Renewals 23 Total interest and rents due and accrued Market value not including interest in item 13 bonds and stocks over book value Gross premiums due and unreported on policies in force December 31 1906 less unreported premiums 011 reinsur ance Gross deferred premiums on policies in force De cember 31 1906 less de ferred premiums on re insurance of 3924 06 33S65I 67 56104 43 685610 30 24 Totals 6002849 102126197 25 Deduct loading 20 per cent 1200570 20425239 26 Net amount of uncollect ed and deferred pre miums 235531 40 258355 59 88623 16 84 20 1463 65 584058 00 501493 75 48022 79 817009 58 865032 37 32 Gross assets DEDUCT ASSETS NOT ADMITTED 43375485 00 3372 71 37 ills receivable 43 Total admitted assets 43372112 29 VLIABILITIES 1 Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the company on the actuaries table of mortality with four per cent in terest American 3 per cent and 3 per cent on policies issued since 1900 38761346 00 COM PTROLLERGENERALS REPORT 339 Same for reversionary additions 67174200 Same for deferred annuities arising from deaths of insured under continuous installment policies 3258 00 Total 39436346 00 Deduct net value of risks of this corn company reinsured in other solvent companies 620088 00 Net reserve Present value of amounts not yet due on supple mentary contracts not involving life contingen cies computed by the company Claims for death losses in process of adjustment or adjusted and not due 5000 00 Claims for death losses which have been reported and no proofs received 148911 00 Claims for matured endowments due and unpaid IQ37 00 Claims for death losses and other policy claims resisted by the company 50 36 38816258 00 10 12 280405 Total policy claims Premiums paid in advance including surrender values so applied 13 Unearned interest and rent paid in advance 16 Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued 20 Dividends or other profits due policyholders includ ing those contingent on payment of outstanding and deferred premiums 21 Dividends apportioned payable to policyholders on demand or at maturity of policy including 42 06131 interest 23 Dividends apportioned payable to policyholders on payment of future premiums 32 Unassigned funds surplus 33 Total liabilities Business in the State of Georgia during the year No Policies on the lives of citizens of said State in force December 31 of previous year 3205 Policies on the lives of citizens of said State is sued during the year 49 155898 36 27132 28 390 81 16356 5 152869 48 386744 64 22249 00 3513807 53 43372112 29 Amount 6679058 00 986312 00 T0tal 3703 7665370 00S40 COMPTROLLERGENERALS REPORT INdurt ceased to be in force during the year 211 389965 00 PiHcies in force December 31 3 492 7275405 00 Losses and claims unpaid December 31 of previous ycar 2 3686 00 Losses and claims incurred during year 45 95 975 00 Total 47 9966i 00 Losses and claims settled during the year in cash 46 98661 00 Posses and claims unpaid December 31 1 1000 00 1 iums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 25712472 MERIDIAN LIFE AND PR 1ST COMPANY OF INDIANA Arthur Jordan President Thos I Owens Secretary rincipal Office Lemcke Euilding Pennsylvania and Market Streets Indianapolis Ind C Lester Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets Decem ber 31 of previous year 7533 o Extended at 765336 86 II INCOME DURING VEAR IQOO t Cash received for premiums on new poli cies without deductions for commis sions or other ex enses 1 79 02 l Cash received for renewal premiums without deductions for commissions or other expenses 314959 20 3 Prom dividends applied to pay running premiums see item n disbursements I536 12 4 From surrender values applied to pay running premiums see item 14 dis bursements 43 7 1 Total 422398 3 6 Deduct amount of premiums paid to other companies for reinsurance onCOMPTROLLERGENERALS REPORT 341 policies in this company new busi ness 521 18 7 Total premium income P S Cash received for interest on mortgage loans 10 Cash received for interest on premium notes loans or liens and policy loans 1 Cash received for rents for use of companys property 19 From all other sources viz Inspection of loans 3000 preparing papers for loans etc 5350 Total income 421876 95 4S6o 99 25804 58 66 50 83 5o 452392 52 10 11 T3 14 17 premiums see 215767 42 bonuses to agents IIIDISBURSEMENTS FOR THE YEAR IO06 Cash paid for death claims including reversionary addi tions 0 Premium notes loans or liens voided by lapse Cash dividends paid policyholders Cash dividends applied to pay runnin item 3 income Surrender values paid in cash and by cancellation of indebtedness Surrender values applied to pay running premiums see item 4 income Total paid policyholders Cash paid for commissions and less commission on reinsurance new policies 61 92878 renewals 34327 18 Cash paid for salaries and allowances to managers and agents including traveling expenses 19 Cash paid for medical examiners fees 489475 in spection of risks 102568 20 Cash paid for salaries and all other compensation ot officers and other home office employees Cash paid for taxes on new premiums Cash paid for taxes on investments j Cash paid for insurance department fees and agents licenses Cash paid for rent Cash paid for advertising 85232 printing 227528 postage 90745 28 Cash paid for real estate expenses other than taxes 1933 for legal expenses 106722 2 Cash paid for the following items viz Exchange and discount 4567 office supplies 15015 tele graph and telephone 14063 light 7993 freight drays and express 11581 abstracts 675 actuary services97oo repairs 2190 membership fee and 21 22 23 24 27 45 424 57 1580 60 1253 72 I53i6 12 152148 70 43 7i 62272 05 22292 59 5920 43 16430 52 52 14 138 77 778 76 1356 00 4035 05 1086 55342 COMPTROLLERGENERALS REPORT dues American Life Convention 4525 recording 1530 miscellaneous 10635 824 7 1 30 Total disbursements 330955 02 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incum brances 2 Loans on mortgage first liens on real estate 3 Premium notes for single premiums taken under in surance law of 1852 secured by terms of company loan agreement 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force received during the year 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances of which 418410 was ad vanced during the year Furniture and fixtures Mileage rebate 13 Total net ledger assets 600 00 151617 56 93259 S 612387 23 1746 81 5124 09 5456 7S 853 02 13153 99 2460 32 115 00 886774 36 OTHER ASSETS I Interest due 21081 and accrued 313215 on mort gages 17 Interest accrued on premiums notes loans or liens 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1906 26083 65 12594 77 24 Gross deferred premiums on policies in force De cember 31 1906 571 3 73T6 33 Totals 25 Deducting loading 60 per cent on new and 20 per cent on renewals 26655 28 19911 10 15993 17 3982 22 26 Net amount of uncollect ed and deferred pre miums 1066211 1592888 27 Supplies stationery printed matter 3342 96 14456 51 26590 99 1024 90 2S Total assets as per the books of the company 932189 72COMPTROLLERGENERALS REPORT 343 ITEMS NOT ADMITTED Furniture fixtures and safes 2460 32 Single premium notes item 3 93259 56 Agents balances 13153 99 Mileage rebate 115 00 Bills receivable 853 02 Supplies printed matter and stationery 1024 90 Total 9 Total assets less items not admitted 110866 79 821322 93 LIABILITIES Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing to the actuaries table of mor tality with four per cent interest and American 3J Deduct net value of risks of this com pany reinsured in other solvent companies 787238 00 198 00 Net reinsurance reserve 787040 00 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 5000 00 6 Claims for death losses and other policy claims resist ed by the company 2500 00 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 1542 13 11 Amount of deferred and uncollected premiums in ex cess of net value of their policies item 26 11246 50 13 Amount due on account of salaries rents and office expenses 724 94 16 Amount of any other liability of the company viz Premiums paid in advance 1539 85 Interest paid in advance 510 65 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities Business in the State of Georgia during the year No Number and amount of policies on the lives of citizens of Georgia issued during the year 307 810104 7 122085 65 932189 72 Amount 864500 OO34 COMPTROLLERGENERALS REPORT Deduct numberand amount which have ceased to be in force during the year 35 Total number and amount of policies in force in Georgia December 31 1906 272 Amount of premiums collected or secured in Georgia dur ing the vcar in cash 115000 00 749500 00 13741 65 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK N Y John R Hegeman President James S Roberts Secretary Home Office 1 Madison Avenue New York City N Y Alex W Smith Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31 190S14652637878 Extended at 146526378 78 IIINCOME 5 First years premiums on original poli cies without deduction for commission or other expenses 9612732 69 8 Dividends applied to purchase paidup additions and annuities 52263 90 to Consideration for original annuities in volving life contingencies 21205724 Total new premiums 13 Renewal premiums in addition to item 14 without deduction for commis sions or other expenses less 25 74716 for reinsurance on renewals 48516305 90 14 Dividends applied to pay renewal pre miums 9 877053 83 1143801 51 17 Total renewal premiums 49660107 41 18 Total premium income S9S37IOI 24 19 Consideration for supplementary contracts not involv ing life contingencies 22 Interest on mortgage loans 201220247 j Interest on collateral loans 10645483 8608 00COMPTROLLERGENERALS REPORT 3166231 43 24 Interest on bonds and dividends on stock 25 Interest on premium notes policy loans or liens 26 Interest on deposits 27 Interest on other debts due the com pany 29 Rent from companys property in cluding 45000309 for companys oc cupancy of its own buildings li758o5 23 35 137831 S3 122293 73 4919 02 345 rents 6725738 24 3369 45 30 Total interest and 31 Profit on sale or maturity of ledger assets 5 From other sources Refund of U S Internal revenue taxes 1317795 sundry deposits and credits on open accounts 7502088 88198 83 41 Total income 66695825 76 IIIDISBURSEMENTS i For death claims less surance 1584871806 80400 2 For matured endowments 500000 rem additions 1 15850522 06 161512 20 12 13 14 IS 19 Net amount paid for losses and matured endowment For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Dividends paid to policyholders in cash Dividends applied to pay renewal premiums see in come No 14 Dividends applied to purchase paidup additions and annuities see income No 8 Total paid policyholders1945666522 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 premiums 227754412 renewal premiums 593888441 on annuities original 971946 Commuted 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 5003174 risks 3438463l inspection of 16012034 26 107697 26 28020 27 948402 62 1164445 40 1143801 51 52263 90 5360 00 140000 00 8226147 99 1 538304 4i 3097883 49 712472 70 844163 71346 COMPTROLLERGENERALS REPORT 20 Salaries and all other compensation of officers direc tors trustees and home office employees 2314717 21 21 Rent including 45000309 for companys occupancy of its own buildings 774754 55 22 Advertising 8538012 printing and stationery 480 66479 postage 9829706 664341 97 23 Legal expenses 92584 61 24 Furniture fixtures and safes 27261 49 25 Insurance taxes licenses and department fees 87152627 26 Taxes on real estate 167372 95 27 Repairs and expenses other than taxes on real estate 441001 46 28 Loss on sale or maturity of ledger assets 23895 31 29 Agents surety bonds 2429606 agents cash deposits returned 632279 30618 85 30 Telegrams and telephones 1610193 expressage 56 07617 72178 10 31 Metropolitan staff savings fund 2996464 exchange and collections 2021894 general home office ex pense account 26427047 314454 05 40 Total disbursements 39815704 34 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2 M ortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys poli cies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds excluding interest 7908682986 and stocks 1018766799 7 Deposited in trust companies and banks on interest 8 Cash in companys office 5292896 cash in transit 51356148 deposited in banks not on interest 5815405 9 Agents balances 19330877 61 53956736 39 1000000 00 4044669 43 767534 11 89274497 85 4366858 95 624644 49 40681 37 11 Total ledger assets 173406500 20 NONLEDGES ASSETS 12 Interest due 657500 and accrued 77663266 on mortgages 783207 66 13 Interest due 3345066 and accrued 110472984 on bonds 113818050 14 Interest accrued on collateral loans 15000 00 15 Interest due 225386 and accrued 2251627 on pre mium notes policy loans or liens 24770 13COMPTROLLERGENERALS REPORT 16 Interest due 60000 and accrued 7500 on other assets 17 Rents due 788754 and accrued 1256521 on com panys property or lease 347 675 00 20452 75 iSTotal interest and rents due and accrued 1982286 04 22 Gross premiums due and New Business Renewals unreported on policies in force December 31 1906 74 139 71 6ioi57 34 23 Gross deferred premiums on policies in force De cember 31 1906 105588558 289336272 24 Totals 113002529 350352006 25 Deduct loading 226005 06 700704 01 26 Net amount of uncollect ed and deferred premi ums 90402023 280281605 370683628 Industrial premiums due and unpaid less 50 per cent 409014 43 32 Gross assets 179504636 95 DEDUCT ASSETS NOT ADMITTED 3S Agents debit balances 40681 37 38 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies 269195 29 39 Book value of ledger assets over mar ket value 2765745 25 42 Total 3075621 91 43 Total admitted assets 176429015 04 VLIABILITIES I Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the company on the Comb Ex and Am tables of mortality with 4 and 2i per cent interest 15310234000 Except 9077616 insurance which was valued on a special table Same for reversionary additions 157703 00348 COMPTROLLERGENERALS REPORT Same for annuities including those in reduction of premiums 913213 00 Total 154173256 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 105548 00 Net reserve 154067708 00 2 Present value of amounts not yet due on supplemen tary contracts not involving life contingencies com puted by the company 47782 00 3 Liability on policies cancelled and not included in item 1 upon which a surrender value may be de manded 97398 35 5 Claims for death losses in process of adjustment or adjusted and not due 156318 06 6 Claims for death losses which have been reported and no proofs received 207411 31 8 Claims for death losses and other policy claims resisted by the company 45540 25 10 Total policy claims 409 209 62 12 Premiums paid in advance including surrender values so applied 180778 20 13 Lnearned interest and rent 346lQ 58 16 Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued 218922 45 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 79 2 g 21 Dividends apportioned payable to policyholders during QC7 302640444 22 Amounts set apart or provisionally ascertained or calculated or held awaiting apportionment upon de ferred dividend policies 158933 56 27 Special Mass reserve 1409285 00 3c Other liabilities Item 37 of income 7502088 de posit account real estate 5000000 agents cash deposit in lieu of bonds 15800837 premiums subject to return 1133500 contingent dividend fund intermediate branch 17474568 46910993 31 Capital stock 2000000 00 32 Unassigned funds surplus held as additional security to the policyholders 14229479 92 34 Total liabilities 176429015 04COMPTROLLERGENERALS REPORT 349 Business in the State of Georgia during the year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 73 508 10490756 00 Policies on the lives of citizens of said State issued during the year 32386 5311084 00 Total 105894 1580184000 Deduct ceased to be in force during the year 21869 3495204 00 Policies in force December 3184025 12306636 00 Losses and claims unpaid December 31 of previ 7 409 25 one year a o Losses and claims incurred during the year 1203 106318 85 Total I210 106728 10 Losses and claims settled during the year1206 106312 35 Losses and claims unpaid December 31 4 415 75 Premi ims collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 373768 56 MICHIGAN MUTUAL LIFE INSURANCE COMPANY OF MICHIGAN O R Looker President A F Moore Secretary Principal Office 150 Jefferson Avenue Detroit Mich F L Woodruff Atlanta Attorney for Service in Georgia ICAPITA STOCK i Amount of capital stock paid up in cash 250000 00 Amount of net or ledger assets December 31 of previous year fti 11821 30 Extended at 5 91821 3 HINCOME DURING YKAK T906 I Cash received fcr premiums on new policies without deductions for commissions or oth 234305 56 er expenses iHJ J tl Cash received for renewal premiums with out deductions for commissions or other 1263098 85 expenses 350 COMPTROLLERGENERALS REPORT 2 Premium notes loans or liens taken in part payment for premiums on new policies 109 11 2I Premium notes loans of liens taken in part payment for renewal premiums 127987 91 3 From dividends applied to pay running pre miums see item 11 disbursements 15363 68 3i Prom dividends applied to purchase paidup additions and annuities see item 12 dis bursements t77 21 4 From surrender values applied to pay run ning premiums see item 14 disburse ments 2480 27 Total 1652322 59 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 7346 re newals 1533100 too 5 63 7 Total premium income 1636256 96 8 Cash received for interest on mortgage loans 387203 78 9 Cash received for interest on bonds owned 1500 00 10 Cash received for interest on premium notes loans or liens 57156 08 11 Cash received for interest on other debts due the company 3735 76 12 Cash received as discount on chums paid in advance 815 97 13 Cash received for rents for use of companys property 16048 09 14 Cash received for profits on sales of real estate 159892 all other 331 1602 23 16 From dividends and surrender values on reinsurances 1455 05 Total income 2105774 82 IIIDISBURSEMENTS FOR THE YEAR IOX6 I Cash paid for death claims including revis ionary additions 5521 15 28 3 Cash paid for matured endowments and ad ditions thereto 314105 82 5 Cash paid for sums falling due during the year or installment policies 3766 67 Total 86997 77 6 Deduct amount received from other compa nies lor lushes or claims on policies of this company reinsured for matured endow ments 10000 00 7 Total net amount actually paid for lnse and matured en dowments 859987 77 9 Premium notes loans or liens voided by lapse 2028 32 COMPTROLLERGENERALS REPORT 351 10 Cash dividends paid policyholders ii Cash dividends applied to pay running premiums see item 3 income 12 Cash dividends applied to purchase paidup additions and annuities see item 32 income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums see item 4 income 15 Surrender values applied to pay notes on defaulted policies Surrender values applied to pay interest on notes of default ed policies Total paid policyholders 1089318 15 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance new policies 17716907 renewals 9988046 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1906306 inspec tion of risks 349898 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums 563698 on renew als 2126865 22 Cash paid for taxes on real estate 23 Cash paid for insurance department fees and agents li censes 255640 municipal licenses 447571 24 Cash paid for rent 25 Agency supervision traveling and all other agency expenses 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 311041 printing 746903 postage 546590 28 Cash paid for real estate expenses other than taxes 12 66734 for legal expenses 1192002 29 Cash paid for the following items viz Losses on sales of real estate and agents balances 306345 investment ex penses 476998 all other expenses 790456 Total miscellaneous expenses 544I04 14 30 Total disbursements 12377 20 15363 68 8977 21 154773 4 2480 27 32784 31 545 87 25000 00 277049 53 28913 91 22562 04 6i739 29 26905 63 5202 21 7032 11 14769 52 17696 83 862 38 16045 34 24587 36 77 99 1633422 29 rvASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumhranccs 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 277851 82 7997553 58 7500 00 1011576 77352 COMPTROLLERGENERALS REPORT 5 Premium notes loans or liens on policies in force 73S23 6 Cost value of bonds owned excluding accrued interest at time of purchase 25 7 Cash in companys office s 55 8 Cash deposited in banks 163768 7 10 Agents ledger balances lal lf 2 13 Total net or ledger assets 9o4173 s OTHER ASSETS 14 Interest due 2140210 and accrued 11059681 on mort gages 15 Interest accrued on bonds 16 Interest accrued on collateral loans 17 Interest due 1049231 and accrued 629669 on premi ums 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 23 Gross premiums due and un New Business Renewals reported on policies in force December 31 1906 396o5 38 57888 06 24 Gross deferred premiums on policies in force December 311906 9596i8 10016600 Totals 49201 56 164054 06 25 Deducting loading 22117 98 35og6 76 26 Net amount of uncollected and deferred premiums 31998 91 250 00 t59 59 6789 00 757 52 11848 iS 00 00 156040 88 27083 58 128063 30 28 Total assets as per the books of the company 9904523 91 ITEMS NOT ADMITTED 5 Agents balances unsecured 9 Total assets less items not admitted VLIABILITIES 1769 14 9902754 77 I Net present value of all the outstanding poli cies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest and American 3 P cent from January Ti I003 9461105 00COMPTROLLERGENERALS REPORT 353 Deduct net value of risks of this company reinsured in other solvent companies 42912 00 Net reinsurance reserve 94i8l93 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 21520 51 6 Claims for death losses and other policy claims resisted hy the company 48oo 00 8 Present value of unpaid amounts on matured installment policies face 5830000 4342972 Total policy claims 69750 23 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 494 28 13 Amount due on account of salaries rents and office cx 067 10 penses J 16 Amount of any other liability of the company viz Pre miums paid in advance 944189 unearned interest and rents paid in advance 2142298 deposit account 1 99363 total 32858 5 17 Liabilities on policyholderss account 9522263 1 1 18 Gross surplus on policyholders account 380491 66 10 Total liabilities 9902754 77 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 987 57166504 Number and amount of policies on the lives of citizens of Georgia issued during the year 336 J7 Total 2374634 21 Deduct number and amount which have ceased to be in force during the yearJ9 692834 01 Total number and amount of policies in force in Georgia December 31 1906H 1681800 20 Amount of losses and claims on policies in Georgia incurred during the year 2 974 3 Amount of losses and claims on policies in Georgia paid during the year 2 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses cash 4891973 notes or credits 217015 totalp s 23 in354 COMPTROLLERGENERALS REPORT MISSOURI STATE LIFE INSURANCE COMPANY OF MISSOURI Edmund P Nelson President C A Goodale Secretary Principal Office Suite 410424 Chemical Building St Louis Mo Clifford L Anderson 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 839274 54 Extended at 839274 54 IIINCOME DURING YEAR 1906 I Cash received for premiums on new policies without deductions for commissions or oth er expenses 188941 69 li Cash received for renewal premiums with out deductions for commissions or other expenses 281929 74 3 From dividends applied to pay running pre miums see item 11 disbursements 284 10 41 From surrender values applied to purchase paidup insurance and annuities see item 15 disbursements 341 85 Total 471497 38 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 410456 re newals 195997 664 53 7 Total premium income 465432 85 8 Cash received for interest on mortgage loans 16107 05 9 Cash received for interest on bonds owned and dividends on stock 200 00 10 Cash received for interest on premium notes loans or liens 20702 85 II Cash received for interest on other debts due the company 3856 02 17 Premium notes loans or liens restored by revival of policies 50 00 19 From all other sources 3056 20 Total income 509404 97 IIIDISBURSEMENTS FOR THE YEAR I906 I Cash paid for death claims including revis ionary additions 106683 55COMPTROLLERGENERALS REPORT 355 6 Deduct amount received from other compa nies for losses or claims on policies of this company reinsured 3500 oo i 7 Total net amount actually paid for losses 9 Premium notes loans or liens used in purchase of surren dered policies 83164 voided by lapse6335669 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid in cash I5 Surrender values applied to purchase paidup insurance and annuities see item 4i income Total paid policyholders I7L743 16 16 Cash paid st ckholders for interest on dividends Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 13088238 re newals 1162542 IS Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 1191100 inspec tion of risks 365946 r cc Cash paid for salaries and all other compensation of officers and other home office employees Cash paid for taxes on new premiums and on renewals Cash paid for franchise taxes 20000 on investments 1 568OI St Louis city tax Cash paid for insurance department fees and agents li censes 405460 municipal licenses 73665 24 Cash paid for rent 25 Cash paid for collection of premiums Cash paid for furniture fixtures and safes for home and agency offices j Cash paid for advertising 107525 printing 889102 postage 189904 28 Cash paid for legal expenses 1 Cash paid for the following terns viz Agents accounts written off 2641997 incidental office expense mchid ing cost of telegrams telephones express charges etc 184450 total 19 21 22 23 26 7 29 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 103183 55 64188 33 28 33 284 10 3717 00 341 85 8000 00 142507 80 17067 35 15570 46 27802 22 3519 62 7768 01 4791 25 6909 74 805 09 970 47 11865 31 1335 50 28264 47 442920 45 real estate 425717 35 T oans on mortgage first liens on HZZ made in cash to policyholders on this company s poll cies assigned as collateral Premium notes loans or liens on pohcies in force 366995 70 10721 12 356 COMPTROLLERGENERALS REPORT 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 10100 oo 7 Cash in companys office 5221 65 8 Cash deposited in hanks 4 1330 88 10 Agents ledger balances 42672 36 13 Total net or ledger assets 905759 06 OTHER ASSETS 14 Interest due 613740 and accrued 1310372 on mort gages 15 Interest accrued on bonds and stocks 17 Interest accrued on premiums notes loans or liens 18 Interest acrued on other assets 23 Gross premiums due and un New Bllsiness Renewals reported on policies in force December 31 1906 51041 94 62767 05 24 Gross deferred premiums on policies in force December 31 1906 32846 17 Totals 25 Deducting loading 51046 94 37472 9 95613 22 17742 71 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes 13574 00 77S70 51 19241 12 200 00 9491 46 51 9 91444 51 5000 00 28 Total assets as per the books of the company ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 8 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies Total 9 Total assets less items not admitted 1031188 04 5000 00 42672 36 54127 19 101799 55 929388 49 LIABILITIES I Net present value of all the outstanding poli cies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with four per cent in terest 750501 00COMPTROLLERGENERALS REPORT 60 Deduct net value of risks of this company reinsured in other solvent companies 2731 00 Net reinsurance reserve 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 13 Amount due on account of salaries rents and office ex penses 16Amount of any other liability of the company viz Com mission due to agents on premium notes when paid 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities Business in the Stale of Georgia during the y ar No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 357 Number and amount of policies on the lives of citizens of Georgia issued and received during the year 106 Total 553 Deduct number and amount which have ceased to be in force during the year 215 Total number and amount of policies in force in Georgia December i 1906 338 747770 00 5050 00 1107 75 1220 13 755147 88 174240 61 929388 49 Amount 567058 50 329342 25 896400 75 357602 00 538798 75 Amount of losses and claims on policies in Georgia incurred during the year 3 5500 00 Amount of losses and claims on policies in Georgia paid during the year 3 5500 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 16525 89 MUTUAL BENEFIT LIFE INSURANCE COMPANY OF NEW JERSEY Frederick Frelinghuysen President J Wm Johnson Secretary Principal Office 752 Broad Street Newark N J ICAPITAI STOCK Amount of net or ledger assets December 31 of previous year 94922790 93 Extended at 94922790 93358 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR IC 1 Cash received for premiums on new policies without deductions for commissions or oth er expenses l4 Cash received for renewal premiums with out deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2i Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running pre miums see item 11 disbursements 34 From dividends applied to purchase paidup additions and annuities see item 12 dis bursements 4 From surrender values applied to pay run ning premiums see item 14 disburse ments 5 Consideration for annuities other than ma tured installment policies 186559 68 11065309 31 20247 68 764909 jy 1394241 21 399251 61 16466 09 169929 34 7 Total premium incomes 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 hens and collateral loans 11 Cash received for interest on other debts due the company 12 Cash received as discount on claims paid in advance 13 Casli received for rents for use of companys property 14 Cash received for profits on sales of real estate Total income 15706914 69 2367261 63 1194816 51 980537 49 17342 20 790 47 118213 40 18412 48 20434288 Hy HIDISBURSEMENTS FOR THE YEAR IO06 1 Cash paid for death claims including reversionary additions 2 Premium notes loans r liens used in payment of the same 3 Cash paid for matured endowments and additions thereto 4 Premium notes loans or liens used in the payment of same 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 surren dered policies 26071837 voided by lapse 7J379 9I Premium notes loans or liens used in payment of dividends to policyholders 10 Cash dividends paid policyholders 4869976 00 11 X 3 1254548 48 73949 8 84441 31 162955 18 207850 51 6809 93 322149 38 COMPTROLLERGENERALS REPORT 359 11 Cash dividends applied to pay running premiums see item 3 income 1394241 21 12 Cash dividends applied to purchase paidup additions and annuities see item 32 income 399251 61 13 Surrender values paid in cash 1374689 21 14 Surrender values applied to pay running premiums see item 4 income 16466 09 Total paid policyholders 10372161 59 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 80218576 re newals 78714815 1589333 91 18 Cash paid for salaries and allowances to managers and agents 7486o 29 19 Cash paid for medical examiners fees 15635850 inspec tion of risks 212251 158481 01 20 Cash paid for salaries and all other compensation of officers and other home office employees 326966 51 21 Cash paid for taxes on premiums 16975616 onfranchise 3969555 2945i 71 22 Cash paid for taxes on reserves 2103242 on investments 17635508 on real estate 4368406 241051 56 23 Cash paid for insurance department fees and agents li censes 1222526 municipal licenses 607676 18302 02 25 Cash paid for commuting commissions T35co 00 27 Cash paid for advertising 4903287 printing 2164158 postage 4085313 iu527 58 28 Cash paid for real estate expenses other than taxes 37 83947 for legal expenses 4404271 81882 18 29 Cash paid for the following items viz Investment ex penses 13776694 loss on real estate 2938872 miscel laneous office expenses 6401361 premium on bonds purchased 12732540 35849 1 07 Total miscellaneous expenses 3027137 32 30 Total disbursements 3 556012 43 IVASSETS AS PER LEDGER ACCOUNTS 1 Book 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 poli cies assigned as collateral or secured by terms of policy 5 Premium notes loans or liens on policies in force of which 1985881 was received during the year 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 3282517 02 51817758 36 2204350 00 10166559 93 4959576 96 28143671 02 2287 70 360 COMPTROLLERGENERALS REPORT 8 Cash deposited in banks 1158526 66 10 Agents ledger balances 558i9 72 13 Total net or ledger assets101801067 37 OTHER ASSETS 14 Interest due 3969194 and accrued 114918362 on mort gages 5 Interest accrued on bonds and stocks 17 Interest accrued on premiums notes policy loans or liens 21 Market value of bonds and stocks over book 23 Cross premiums due and mi New Business Renewals reported on policies in force December 31 1906 187064 11 477585 60 24 Gross deferred premiums on policies in force December 31 T905 137836 90 882052 08 1188875 56 228043 47 364256 54 73I522 43 Totals 25 Deducting loading 42 per cent on new and 20 per cent on renewals to reduce re newals to net 324901 01 1359637 68 136458 42 271927 54 26 Net amount of uneollected and deferred premiums 188442 59 1087710 14 1276152 73 28 Total assets as per the books of the company105589918 10 ITEMS NOT ADMITTED 5 Agents balances 558l9 72 9 Total assets less items not admitted105534098 38 VLIABILITIES i Net present value of all the outstanding policies in force on on the 31st day of December 1906 computed according to the actuaries and American table of mortality with 4 and 3 per cent interest 95897i87 00 4 Claims for matured endowments due and unpaid 33769 00 5 Claims for death losses in process of adjust ment or adjusted and not due 237761 89 6 Claims for death losses and other policy claims resisted by the company 16500 00 8 Present value of unpaid amounts on matured installment policies face 49988607 379241 88COMPTROLLERGENERALS REPORT 36 L g Claims for death losses no proofs received estimated 3 i 957272 77 Total policy claims y 10 Amount of all unpaid dividends of surplus or other descnp tion of profit due policyholders 3337 7 13 Amount due on account of salaries rents and office ex penses estimated 16 Amount of any other liability of the company viz Premi ums paid in advance 6577299 deferred indemnity claims 31060836 deferred death claims 20647410 unearned interest 1334602 39 y 17 Liability on policyholders account Vo 08 18 Gross surplus on policyholders account 74o9 J w 105534098 38 19 Total liabilities i Estimated surplus accrued on all other pol icies 77H57998 Business in the State of Georgia during the year No Amount Number and amount of p lkies on the lives of citizens of Georgia in force December 31 of previous year 4210 89I2307 00 Number and amount of policies on the lives ot citizens of Georgia issued during the year 3 j Total 5 3444800 I educt number and amount which have ceased to be in force during the year j Total number and amount of policies in force in Georgia December 31 1906 499 J Amount of losses and claims on polices m Georgia unpaid December 31 of previous year Amount of losses and claims on polices in Georgia incurred during the year J 4 121789 00 Total Amount of losses and claims on polices in Georgia naid during the year Amount of premiums collected in Georgia during the yearm cash and notes or credits without any deduction for losses dividends commissions or other expenses 34 362 COMPTROLLERS fiNERALS REPORT MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Charles A Peabody President William J Easton Secretaries William Frederick Dix Home Office 34 Nassau Street New York City ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year437285341 34 Extended at 437285341 34 IIINCOME 5 First years premiums on original policies without deduction for commissions or other expenses 3467934 03 6 Surrender values applied to pay first years premiums 35538 04 7 Total first years premiums on original poli cies 3503472 04 8 Dividends applied to purchase paidup ad ditions and annuities 1511770 55 10 Consideration for original annuities involv ing life contingencies 1003478 78 11 Consideration for supplementary contracts involving life contingencies 617855 04 12 Total new premiums 6636576 41 13 Renewal premiums in addition to items 14 15 and 16 without deduction for commis sions or other expenses less 13047546 for reinsurance on renewals 51092043 38 14 Dividends applied to pay renewal premiums 47293 37 15 Surrender values applied to pay renewal premiums 511730 95 16 Renewal premiums for deferred annuities 30222 44 17 Total renewal premiums 51681290 T4 18 Total premium income 58317866 55 19 Consideration for supplementary contracts not involving life contingencies 383469 13 22 Interest on mortgage loans 5100689 02 23 Interest on collateral loans 419358 82 24 Interest on bonds and dividends on stocks 12087459 73 25 Interest on premium notes policy loans or ens 1755550 75COMPTROLLERGENERALS REPORT 363 19082s 44 26 Interest on deposits g 27 Interest on other debts due the company 198341 O 20 Rent from companys property including 35938292 for companys occupancy of its own buildings 21445263 27 error 3 From other sources Deposits on account of Pur 3 ance 13146319 collections or deposits receivedon ac count of othersnot paid out 39469253 correction made in 1906 1280723 I cash previously charged to ex penses returned in 1906 302215 81883632 97 41 Total income niDlSBURSEMENTS Per death claims less 2874831 remsur ace o49on45 addition 98503951 031050 90 For matured endowment 429669366 iddi 4I385456 4710548 22 s and matured endowments Net amount paid for losses For annuities involving life contingencies Surrender values paid in cash Surrender values applied to pay new premiums 35538 04 to pay renewal premiums 51173095 Dividends paid to policyholders in cash Dividends applied to pay renewal premiums Dividends applied to purchase paidup v dditipns and an 25744599 iS 2742414 55 5916482 37 547268 99 1226855 23 47293 37 1511770 55 37736684 24 racts not involving nuities Total paid policyholders Paid for claims on supplementary contrs life contingencies Commissions and bonuses to agents lessson on insurance first years premiums 247255345 renew premiums 124384810 on annuities original 44476 61 renewal 41093 Commuting renewal commissions 17 Salaries and allowances for agences agents and clerks hVother agency expenses Q Aoencv superv s on traveling and all otliei agen j 18 Agency supe 07089 inspection ot risks 19 Medical examiner s fees 22207009 3129088 6 including managers 247587 05 3761289 09 46806 98 t686H3 37 291980 14 253361 77364 COMPTROLLERGENERALS REPORT 20 Salaries and all other compensation of officers directors trustees and home office employees including salaries of legal and medical departments of home office heretofore in Nos 23 and 19 1265318 2 21 Rent including 35938292 for companys occupancy of its own buildings 575023 S3 22 Advertising 21749624 printing and stationery 144865 75 postage 1759403 538336 02 3 Legal expenses 10019628 legislative expenses 4813423 48330 51 24 Furniture fixtures and safes 291582 22 25 Insurance taxes licenses and department fees 783740 76 26 faxes on real estate gl 2g 27 Repairs and expenses other than taxes on real estate oS 28 Loss on sale or maturity of ledger assets Stocks ami bonds 3513598 real estate account ot Sai Francisco earth quake S32591856 361054 54 32 All other disbursements Exchange 766475 1 ther invest ment expenses 776091 express freight ami duty 5 54994 telegraph and telephone 10051 84 traveling gen eral office employees 7490686 law library and restau rant 4659607 expense of investigating committee 255 01765 cost of election and election lists 12756144 sun dries 2322042 State mortgage tax 669884 fon income tax 2700795 59203 1 07 40 Total disbursements m 1 So 187 28 IV LEDGER ASSETS 1 Book value of real estate unincumbered 3041976 50 2 Mortgage loans on real estate first liens 121774SS7 70 3 Loans secured by pledge of bonds stocks or other collateral 10000000 00 4 Loans made to policyholders on this companys policies as signed as collateral 35 i 6 Book value of bonds excluding interest 21561510324 stocks 4801253218 263627 135 42 7 Deposited in trust companies and hanks on interest 6312294 87 8 Cash in companys office 209375 deposited in banks not on interest 31121463 31330S 38 9 Agents balances 1140511 28 10 Supplies and stationery 2878150 suspense 5171345 80494 95 1 n Total ledger assets 470087987 03 noniedgek assets 12 Interest due 2211009 and accrued 1438 25515 on mortgages 1460365 24 13 Interest due 14347732 and accrued 1 52076069 on bonds 1664238 01COMPTROLLERGENERALS REPORT 365 14 Interest accrued on collateral loans 9526 96 15 Interest accrued on premium notes policy loans or liens 28137 80 16 Interest accrued on other assets 8285 41 17 Rents due 4365324 and accrued 144564 84 on companys property or lease 188218 08 18 Total interest and rents due and accrued 3444451 50 20 Market value not including interest in item 13 of bonds and stocks over book value 18684010 71 22 Gross premiums due and unre New Business Renewals ported on policies in force December 31 1906 24711 71 3935865 55 23 Gross deferred premiums on policies in force December 311936 6545258 256208715 24 Totals 25 Deduct loading 90164 29 6497952 70 23442 72 1689467 70 26 Net amount of uncollected and deferred premiums 66721 57 4808485 00 4875206 57 32 Gross assets497091655 81 DEDUCT ASSETS NOT ADMITTED 34 Supplies stationery printed matter 28781 50 35 Agents debit balances 959096 10 36 Cash advanced to or in the hands of officers or agents i874I5 l8 40 Suspense 51713 45 42 Total 1227000 23 43 Total admitted assets 495864640 58 VLIABILITIES I Net present value of all the outstanding policies in force on the 31st day of Decem ber 1906 as computed by the insurance department of New York on the actuaries table of mortality with 4 per cent interest for policies issued before January I 1898 and on the American table with 3 per cent interest for policies issued on and after that date 362124815 00 Same for reversionary additions 12230192 00366 COMPTROLLERGENERALS REPORT Same for annuities including those in re duction of premiums 29757648 00 Total 404112655 00 Deduct net value of risks of this company reinsured in other solvent companies 40206 00 1716163 21 27468 13 t x 404072441 00 Net reserve hj 2 Present value of amounts not yet due on supplementary contracts not involving life c ntingencies computed by the company 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 adjust ment or adjusted and not clue 2226144 34 Claims for death losses which have been re ported and no proofs received 7 Claims for matured endowments due and 1111 392265 05 paid 8 Claims for death losses and other policy claims resisted by the company 9 Due and unpaid on annuity claims involving life contingencies 313598 98 231486 00 216212 35 13 16 bo ac 10 Total policy claims H Due and unpaid on supplementary contracts not involving life contingencies 2 Premiums paid in advance including surrender values so applied Unearned interest and rent paid in advance Salaries rents office expenses tuxes bills accounts nuses commissions medical and legal fees due or crued including 775894 expenses of real estate M Dividends or other profits due policyholders including those contingent en payment of outstanding and deferred pre miums 22 Amounts set apart or provisionally ascertained or calcu lated or held awaiting apportionment upon deterred divi dend policies 26 Reserve or surplus funds not included in the net reserve as herein reported or in the unassigned funds Fund for depreciation of securities and general contingencies 30 Other liabilities Surplus to be apportioned m 1907 4030 00000 deposits on account of pending insurance 131 46319 due sundry parties for collections made or de posits held for their account 46956341 33 Total liabilities 3379706 72 11264 77 353428 67 761382 02 29594 0 283530 10 64529529 70 16069100 47 4631026 60 495864649 58 COMPTROLLERGENERALS REPORT 367 Business in the State of Georgia during the year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 12108 26926044 00 Policies on the lives of citizens of said State issued during the year 734 1583542 00 Total 12842 28509586 00 Deduct ceased to be in force during the year 1331 3427479 00 Policies in force December 31 11511 2508210700 Losses and claims unpaid December 31 of previous year 15 7458i 50 Losses and claims incurred during year 178 503421 25 Total 193 578002 75 Losses and claims settled during the year in cash 178 557298 25 Losses and claims unpaid December 31 15 20704 50 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 938720 13 MUTUAL RESERVE LIFE INSURANCE COMPANY OF NEW YORK F A Burnham President Chas W Camp Secretary Principal Office 305 307 309 Broadway New York N Y Clifford L Anderson Atlanta Attorney for Service in Georgia ICAPITA STOCK Amount of net or ledger assets December 31 of previous year determined by exami nation of N Y Ins Dept 4869177 02 Extended at 4869177 02 IIINCOME DURING YEAR I906 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 224317 32 ij Cash received for renewal premiums without deductions for commissions or other expenses 2552079 00 2 Premium notes loans or liens taken in part payment for premiums on new policies 4399 99 2I Premium notes loansor liens taken in part payfiiCnt for renewal premiums 983753 72368 COMPTROLLERGENERAIS REPORT 3 From dividends applied to pay running premiums 60998 77 3I From dividends applied to purchase paidup additions and annuities a57 3 4 From surrender values applied to pay running premiums 77 39 From surrender values applied to pay first year premiums 60 92 44 From surrender values applied to purchase paidup insur ance and annuities 1 w 121 oS 5 Consideration for annuities other than matured installment policies 200 7 Total premium income 3888961 S7 8 Cash received for interest on mortgage loans 13394 9 Cash received for interest on bonds owned and dividends on stock 1429807 10 Cash received for interest on premium notes loans or liens 104410 60 11 Cash received for interest on other debts due the company 1401 68 12 Cash received as interest on deposits 0967 66 13 Cash received for rents for use of companys property in cluding 5040000 for companys own occupancy 158976 22 14 Cash received for profits on sales of bonds or stocks 3997 I real estate 615663 61 17 Premium notes loans or liens restored by revival of policies 25S88 96 19 From all other sources viz Fees for alterations in policies 11180 sale of furniture and fixtures 115859 I27 39 Total income 4226234 75 IIIDISBURSEMENTS FOR THE YEAR 1006 1 Cash paid for death claims including reversionary additions 1870088 25 2 Premium notes loans or liens used in payment of the same 108362 97 5 Cash paid for sums falling due during the year on install 50 00 ment policies J 8 Cash paid to annuitants 753 23 9 Premium notes loans or liens used in purchase of surren dered policies 53687919 voided by lapse 19529898 732178 17 gi Premium notes loans or liens used in payment of divi dends to policyholders 3748 58 10 Cash dividends paid policyholders 924 43 11 Cash dividends applied to pay running premiums 66998 77 12 Cash dividends applied to purchase paidup additions and 257 38 annuities j 13 Surrender values paid in cash 349449 5 14 Surrender values applied to pay running premiums 34 31 15 Surrender values applied to purchase paidup insurance and 0 19121 08 annuities 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 16985754 renewals 9740645 original annuities 9000 267353 99 18 Cash paid for salaries and allowances to managers and 98515 26 agents COMPTROLLERGENERALS REPORT 8b9 19 Cash paid for medical examiners fees 1614479 inspec tion of risks 93200 21 Cash paid for taxes on new premiums and renewals 22 Cash paid on investments 23 Cash paid for insurance department fees and agents li censes 1553168 municipal licenses 107235 24 Cash paid for rent including 5040000 companys occupan cy less 67686 received under sublease 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 1417854 printing 1415087 postage 1366110 28 Cash paid for real estate expenses other than taxes 105 34242 for legal expenses 8971376 29 Cash paid for the following items viz Traveling and agency expenses 6284913 loss on sale of ledger as sets 1142246 expense incurred in securing refund of taxes from New York City 368755 expense of election under chap 123 Laws of New York 237371 i actuarial expense 2331400 investigating and adjusting death claims 5047112 investment expense 124191 general office expense 5039989 exchange and checks drafts etc 570963 reduction cost value of leasehold 1095017 17076 79 27977 03 23022 60 16604 03 77672 13 1896 87 1239 05 41990 51 195056 18 222419 57 30 Total disbursements 4428839 29 IVASSETS AS PER LEDGER ACCOUNTS I Cost value of real estate exclusive of all incumbrances 618019 72 2 Loans on mortgage first liens on real estate 393ioo 00 1 Loans made in cash to policyholders on this company s poh cies assigned as collateral 2270370 69 5 Premium notes loans or liens on policies in force of which 153 453 34 was received during the year 352363 81 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 426125 61 7 Cash in companys office 3779 9 8 Cash deposited in banks 82 69 14 9 Bills receivable V V 1 10 Agents ledger balances on deposit with collecting banks and bonded collectors 4666572 48 11 Total net or ledger assets I2 Deduct depreciation from cost of assets to brmg same to market value 13 Total net or ledger assets less depreciation 4660562 5a 24 in370 COMPTROLLERGENERALS REPORT OTHER ASSETS t4 Interest due 7500 and accrued 322634 on mortgages 15 Interest due 337054 and accrued 181596 on bonds and stocks 17 Interest due 528652 and accrued 2995606 on premiums notes loans or liens 18 Interest due 40065 and accrued 24218 on other assets 19 Rents due on companys property or lease 20 Market value of real estate over cost 23 Gross premiums due and un New Business reported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 1906 Renewals 14154 70 149236 97 74836 00 716083 33 Totals 25 Deducting loading 50 per cent on new and 10 per cent on renewals 26 Net amount of uncollected and deferred premiums 88990 70 865320 30 53394 42 173064 06 3301 34 5186 50 35243 48 732 83 2379 38 3738 28 35596 28 692256 24 727852 52 28 Total assets as per the books of the company 5438996 83 ITEMS NOT ADMITTED 5 Agents balances 82659 14 9 Total assets less items not admitted 5356337 69 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st dav of December 1906 computed according to the actuaries table of mortality with 4 per cent interest and American table 34 per cent 4043666 00 2 Premium notes or loans on policies and other obligations in excess of the net value of r 374006 00 their policies f 5 Claims for death losses and matured endow ments in process of adjustment or adjust ed and not due 60299573 6 Claims for death losses and other policy claims resisted by the company 4791 52 7 Claims for death losses reported no proofs received 145590 58 COMPTROLLERGENERALS REPORT 371 8 Present value of unpaid amounts on matured installment policies face looooo 679 00 Total policy claims 1138062 83 10 Amount of all unpaid dividends of surplus or other de scription of profits payable policyholders bonds 26224 2916 62 n Amount due on account of salaries rents and office ex 12653 17 penses 14 Liability on policies cancelled on which a surrender value may be demanded 29 3 16 Amount of any other liability of the company viz Premi ums paid in advance 54H92 judgment secured pend ing appeal claims other than death claims 19773 Si 25i78 43 17 Liabilities on policyholders account 5251992 16 18 Gross surplus on policyholders account 104345 53 19 Total liabilities 5356337 69 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 2067 3617024 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 691 894266 Total 2758 45H290 00 Deduct number and amount which have ceased to be in 763 1216479 00 force during the year j Total number and amount of policies in force in Georgia December 31 1906995 32948u 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 4 Amount of losses and claims on policies in Georgia incurred during the year Total l 738446 Amount of losses and claims on policies in Georgia 27 40104 ho paid during the year j Wunt of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Cash 12995100 notes or credits 392500 total 133876 00372 COMPTROLLERGENERALS R ll RT NATIONAL LIFE INSURANCE COMPANY CHICAGO ILL A M Johnson President Robert D Gray Secretary Principal Office 159 LaSalle Street Chicago 111 Mark J McCord Atlanta Attorney for Service in Georgia 1CAPITAL STOCK I Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets December 3 of previous year 5245130 97 Extended at 5245130 97 IINCOME DURING YEAR 1906 1 Cash received fi r premiums on nev policies without deducti us lor commissions or oth er expenses i Cash received for renewal premiums with out deductions for c mmissions 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 pre miums 3J Front dividends applied to purchase paidup additii 11s and annuities 4 From surrender values applied to purchase paidup insurance and annuities 5 Consideration for annuities other than ma tured installment policies Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 287293 re newals 560572 367077 11 1366640 19 1179 75 69175 30 67 26 78 00 21673 89 3000 00 828992 16 8478 5 7 Total premium income 8205 13 51 8 Cash received for interest on mortgage loans 681 42 9 Cash received for interest on bonds owned and dividends on stock 151417 59 10 Cash received for interest on premium notes loans or liens 33259 92 11 Cash received for interest on other debts due the company 17957 23 13 Cash received for rents for use of companys property 13810 51COMPTROLLERGENERALS REPORT 373 14 Cash received for profits on sales of bonds or stocks 2 91000 real estate 146259 4372 59 16 Consideration for supplementary contracts not involving life contingencies 12076 00 17 Premium notes loans or liens restored by revival of poli cies 820 91 19 From all other sources viz Charged off collateral loan paid during the year 30000 profit and loss 37683 676 83 Total income 2151636 51 IIIDISBURSEMENTS FOR THE YEAR 1906 I Cash paid for death claims including reversionary additions 318133 90 3 Cash paid for matured endowments and additions thereto 3608 00 8 Paid to annuitants 2121 56 9 Premium notes loans or liens voided by lapse 2801 57 10 Cash dividends paid policyholders 5138 45 11 Cash dividends applied to pay running premiums 67 26 12 Cash dividends applied to purchase paidup additions and annuities 178 66 13 Surrender values paid in cash 101842 59 15 Surrender values applied to purchase paidup insurance and annuities 21673 89 Total paid policyholders 455565 88 16 Paid for claims on supplementary contracts not involving life contingencies 4720 00 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 26632684 re newals 5294429 319271 13 18 Cash paid for salaries and allowances to managers and agents 76407 57 19 Cash paid for medical examiners fees 2386361 inspec tion of risks 452414 28387 75 20 Cash paid for salaries and all other compensation of officers and other home office employees 78941 28 21 Cash paid for taxes on real estate 5858 70 22 Loss on sale or maturity of ledger assets 9310 00 23 Cash paid for insurance department fees and agents and municipal licenses 27900 85 24 Cash paid for rent 12405 96 25 Cash paid for commuting commissions 1453 65 26 Cash paid for furniture fixtures and safes for home and agency offices 343 92 27 Cash paid for advertising 1110599 printing 1121119 postage 33876825704 86 28 Cash paid for legal expenses 13164 27 29 Cash paid for the following items viz Agency supervision traveling and all other agency expenses 350949 ex change and collections 26351 investigation expenses374 COMPTROLLERGENERALS REPORT 29381 miscellaneous expenses 448333 taxes on per sonal property 151403 agents balances charged off 3771547 Pront and loss 3143 47811 07 30 Total disbursements 1123463 89 IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all incumbrances Loans on mortgage first liens on real estate Loans secured by pledge of bonds stocks or other market able collaterals Loans made in cash to policyholders on this companys pol icies 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 337043 42 1782562 50 150000 00 336669 65 33129 6 3388249 36 49019 48 196260 89 36864 13 Total net or ledger assets 6273303 59 OTHER ASSETS 14 Interest due 270757 and accrued 2743915 on mortgages 15 Interest accrued on bonds and stocks 17 Interest accrued on premiums notes loans or liens 19 Rents due on companys property or lease 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and un reported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 1906 30146 72 1762 50 970 71 274 00 70590 00 528375 64 New Business 81303 39 Renewals 61436 76 10789 08 167283 94 Totals 25 Deducting loading 92092 47 75939 89 228720 70 43784 32 26 Net amount of uncollected and deferred premiums 16152 58 184936 38 201088 96 28 Total assets as per the books of the company 7106512 12 VLIABILITIES I Net present value of all the outstanding pol icies in force on the 31st day of December 1906 computed according to the actuaries and American table of mortality with 4 and 3i per cent interest 5623939 17COMPTROLLERGENERALS REPORT 375 Deduct net value of risks of this company re insured in other solvent companies 2925800 Net reinsurance reserve 5S94Pol 17 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 25968 14 6 Claims for death losses and other policy claims resisted by the company 9000 00 7 Amounts due and unpaid on annuity claims 932 49 8 Present value of unpaid amounts on matured installment 48082 04 policies 4 13 Amount due on account of salaries rents and office ex 3000 00 penses 14 Amount due agents for commissions on premium notes when paid J 15 Unearned interest paid in advance 10120 77 16 Amount of any other liability of the company viz Premi ums paid in advance 4516119 dividends apportioned payable to policyholders subsequent to 1907 21534351 260504 70 17 Liabilities on policyholders account 5953531 81 18 Gross surplus on policyholders account 1152980 31 19 Total liabilities 7iofiS Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 840 122147108 Number and amount of policies on the lives of citizens of Georgia issued during the year 266 355658 53 Total 1106 157712961 Deduct number and amount which have ceased to be 111 force during the year S 303464 oo Total number and amount of policies in force in Georgia December 31 1906 9i8 127366561 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year I 1012 25 Amount of losses and claims on policies in Georgia incurred during the year 5 28140 00 Total l6 2015225 Amount of losses and claims on policies in Georgia paid during the year JS 2865225 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses dividends commissions or other expenses 39589 4 37b COMPTROLLERGENERALS REPORT NATIONAL LIFE AXD ACCIDENT INSURANCE COMPANY C A Craig President C R Clements Secretary Principal Office Nashville Tenn Hon W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK l Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year Extended at 141340 24 141340 24 IIINCOME DURING YEAR IO06 Cash received for premiums on new policies without deductions for com missions or other expenses 14373 3 ij Cash received for renewal premiums without deductions for commissions or other expenses Industrial 647558 68 2 Cash received for special occupation business 5246 46 7 Total premium income 667178 44 8 Cash received for interest on mortgage loans 6406 73 9 Cash received for interest on bonds owned and div idends on stock 755 00 10 Cash received for interest on loans collateral 40 50 11 Cash received for interest on other debts due the com pany 100 63 19 From all other sources viz Profit and loss 1783 76 Total income p IIIDISBURSEMENTS FOR THE YEAR 1906 1 Cash paid for death claims including reversionary additions 40623 85 3 Cash paid for disability claims 171268 II 676265 06 7 Total net amount actually paid for losses and ma tured endowments 211891 96 16 Cash paid stockholders for interest on dividends 15000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance 207974 88COMPTROLLERGENERALS REPORT 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 22 Cash paid for taxes on investments 23 Cash paid for insurance department fees and agents municipal licenses 24 Cash paid for rent 25 Cash paid for agency supervision 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 41365 printing 615616 postage 300341 28 Cash paid for legal expenses 29 Cash paid for the following items viz Expense mis cellaneous 3925io profit and loss 71871 j 30 Total disbursements 1 IVASSETS AS PER LEDGER ACCOUNTS 109853 58 590 34 25517 16 1829 72 6093 12 8516 02 18248 73 1424 48 9573 22 860 23 4643 81 622017 25 I Cost value of real estate exclusive of all incum 1 j3 93 brances q 2 Loans on mortgage first liens on real estate 137190 3 3 Loans secured by pledge of bonds stocks or other 11 1 2250 00 marketable collaterals 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 5 7 7 Cash in companys office and branch offices W j5 8 Cash deposited in banks 9 qq 9 Bills receivable 10 Agents ledger balances advanced during the year g9 03 Stocks buggies etc Total ledger assets 93 Less agents credit balances A d II Total net or ledger assets I9j5 D OTHER ASSETS 14 Interest due and accrued on mortgages 01 15 Interest due and accrued on bonds and stocks 5 16 Interest due and accrued on collateral loans 379 29 18 Interest due and accrued on other assets 6 386 80 27 Furniture fixtures and safes 28 Total assets as per the books of the company 204318 55378 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 2 Furniture fixtures and safes 6386 80 5 Agents balances 519 3 6 Stock buggies etc 637 00 7 Bills receivable 680 00 Total 8222 83 9 Total assets less items not admitted 196095 72 VLIABILITIES I Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing to the actuaries table of mor tality with 4 per cent interest 24171 24 Reserve for disability 50 per cent of weekly premiums 8424 73 Net reinsurance reserve 32595 97 16 Amount of any other liability of the company viz Contingent reserve 5000 00 17 Liabilities on policyholders account 37595 97 18 Gross surplus on policyholders account 158499 75 19 Total liabilities 196095 72 NATIONAL LIFE INSURANCE COMPANY MONTPEL1ER VERMONT Joseph A DeBoer President Osman D Clark Secretary Principal Office 116 State Street Montpelier Vt Geo M Hope Co Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets Decem ber 31 of previous year 3299764762 Extended at 32997647 62 IIINCOME DURING YEAR 1906 I Cash received for premiums on new policies without deductions for com missions or other expenses 79795 5COMPTROLLERGENERALS REPORT 37 il Cash received for renewal premiums without deductions for commissions or other expenses 4406451 73 2l Premium notes loans or liens taken in part payment for renewal pre miums 3 From dividends applied to pay running premiums 3i From dividends applied to purchase paid up additions and annuities 4 From surrender values applied to pay running premiums 5 Consideration for annuities other matured installment policies than 404621 38 141504 37 7695 32 208 08 448840 87 12 13 7 Total premium income v 8 Cash received for interest on mortgage loans g Cash received for interest on bonds owned and divi dends on stock 0 Cash received for interest on premium notes loans or liens Cash received for interest on deposits 1 Cash received for interest on other debts due the company Cash received as discount on claims paid in advance Cash received for rents for use of companys property including 616667 for companys own occupancy Consideration for supplementary contracts not involv ing life contingencies 19 From all other sources viz Profit on bills receivable Consolidated Lighting Co Vermont 442037 profit on Farmers National Bank Vermont divi dend 1687 profit on bills receivable Trust Co of America Topeka Kas 10090 profit on bills re ceivable N E L T Co New York 82910 profit on collection through extended insurance claims 67671 6139117 25 675134 9i 570984 80 278354 28 18657 47 15918 41 819 61 56283 89 24322 00 6043 95 Total income 778563657 IIIDISBURSEMENTS FOR THE YEAR IO06 1 Cash paid for death claims including reversionary additions 146817815 2 Premium notes loans or liens used in payment of the same 21304 95 3 Cash paid for matured endowments and additions thereto 444242 70380 COMPTROLLERGENERALS REPORT 5 Cash paid for sums falling due during the year on installment policies 5993 21 7 Total net amount actually paid for losses and ma tured endowments 193971901 8 Cash paid to annuitants 211 226 S5 9 Premium notes loans or liens used in purchase of sur rendered policies 110072 8v 9i Premium notes loans or liens used in payment of dividends to policyholders 37 21 10 Cash dividends paid policyholders 74513 03 11 Cash dividends applied to pay running premiums 141504 37 12 Cash dividends applied to purchase paidup additions and annuities 7695 32 13 Surrender values paid in cash 600648 94 14 Surrender values applied to pay running premiums 208 08 Total paid policyholders 308562534 Paid for claims on supplementary contracts not in volving life contingencies 4701 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 398 11874 renewals 34192553 annuities 2191942 76196369 18 Cash paid for salaries and allowances to managers and agents 141570 79 19 Cash paid for medical examiners fees 5680415 in spection of risks 513234 61 936 49 20 Cash paid for salaries and all other compensation of officers and other home office employees 152056 91 21 Cash paid for taxes on new premiums 1551719 on renewals 8968083 10519802 22 Cash paid for taxes on reserves 2861360 on invest ments 11985 28733 45 23 Cash 1 aid for insurance department fees and agents licenses 452635 municipal licenses 384491 8371 26 24 Cash paid for rentincluding 616667 companys oc cupancy 2689415 25 Cash paid for commuting commissions 8088 16 26 Cash paid for furniture fixtures and safes for home and agency offices 22131 09 27 Cash paid for advertising 3559749 printing and stationery 1192321 postage telegrams and ex press 1618377 6370447 28 Cash paid for real estate expenses other than taxes 2302569 for legal expenses 267960 25705 29 29 Cash paid for the following items viz Taxes on real estate 1485970 travel 524178 investment ex penses 337783 2347931 Premium on bonds 4013138 depreciation 73 95626 114087 64 Total miscellaneous expenses 154862172 30 Total disbursements 4634247 06COMPTROLLERGENERALS REPORT 381 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incum brances 652600 00 2 Loans on mortgage first liens on real estate 15045779 92 4 Loans made in cash to policyholders on this com panys policies assigned as collateral 378799 99 5 Premium notes loans or liens on policies in force 137747 74 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 14616313 76 7 Cash in companys office 832 39 8 Cash deposited in banks 666888 55 10 Agents ledger balances M59 78 11 Total net or ledger assets 36149037 13 OTHER ASSETS 14 Interest due 189416 and accrued 28926045 on mortgages 29115461 Interest due 29000 and accrued 21194768 on bonds and stocks 214917 68 Interest due 1216843 and accrued 14584417 on premiums notes loans or liens 158012 60 Interest accrued on other assets 1276 00 Rents due 134214 and accrued 1 37265 on companys property or lease claimed as an asset 2714 79 15 1 18 19 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 1906 24 Gross deferred premiums on policies in force De cember 31 1906 Totals 25 Deducting loading 55 per cent on new and 7 per cent on renewals 52572 94 70817 65 Renewals 76186 43 246348 43 412397 37 128759 37 658745 80 46112 21 668075 68 123032 24 26 Net amount of uncollect ed and deferred premi ums 57941 72 612633 59 670575 31 382 COMPTROLLERGENERALS REPORT Annuity consideration in arrears net 1946160 cash in bank overremitted by agents 751194 26973 54 28 Total assets as per the books of the company 37637693 90 ITEMS NOT ADMITTED 5 Agents balances 1139 7 9 Total assets less items not admitted 37036534 VLIABILITIES I Xet present value of all the outstanding policies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest policies dated subsequent to De cember 31 1900 valued on the American Experi ence tables 3 Per cent interest 32798726 55 4 Claims for matured endowments due and unpaid 1755 00 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 38428 29 6 Claims for death losses and other policy claims resisted by the company 2000 00 7 Amounts due and unpaid on annuity 6340 85 claims J 8 Present value of unpaid amounts on matured installment policies face 9976416 SSM Total policy claims 33041 51 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 10005 04 Surrender values claimable on surrendered policies 8047 7i i Amount due op account of salaries rents office ex 15 rwiiuu 157351 20 penses taxes etc J 16 Amount of any other liability of the company viz Premiums paid in advance 1422024 unearned c 14017 01 interest and rent 39737 Life rate endowment reserve 23858238 agents credit balances 751 L94 1 5 17 Liabilites on policyholders account 3 18 Gross surplus on policyholders account 42QS9 3 19 Total liabilities 37636534 20 Estimated surplus accrued on tontine or other policies the profits upton which areespecially reserved for that class of policies 3136071 94 COMPTROLLERGENERALS REPORT 883 21 Estimated surplus accrued on all other policies 1132567 57 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year o86 2243476 63 Number and amount of policies on the lives of citizens of Georgia issued during the year 745 1504941 81 Total 31 3748418 44 Deduct number and amount which have ceased to be in force during the year 355 776721 54 Total number and amount of policies in force in Georgia December 31 1906 1476 297169690 Amount of losses and claims on policies in Geor gia incurred during the year 5 6000 00 Amount of losses and claims on policies in Geor gia paid during the year 5 6000 00 Amount of premiums collected or secured in Georgia dur ing the year in cash 8373118 notes or credits 6 3II53 without any deduction for losses dividends com missions or other expenses 90042 71 NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY OF MASSACHUSETTS Benjamin F Stevens President D F Appel Secretary Principal Office 87 Milk Street Boston Mass 1CAPITAL STOCK 2 Amount of ledger assets as per balance December 31 190637999491 75 4 Extended at 37999491 75 IIINCOME 5 First years premiums on original poli cies without deduction for commis sions or other expenses 68326952 8 Dividends applied to purchase paidup additions 94259 45 9 Surrender values applied to purchase paidup insurance 9294 04884 COMPTROLLERGENERALS REPORT II Consideration for supplementary con tracts involving life contingencies 12806 55 12 Total new premiums 809629 56 13 Renewal premiums in addition to items 14 and 16 without deduction for commissions or other expenses 4770796 47 14 Dividends applied to pay renewal pre miums 497445 86 16 Renewal premiums for deferred annui ties 24968 88 17 Total renewal premiums 5293211 21 18 Total premium income 19 Consideration for supplementary contracts not involv ing life contingencies 21 Premium notes loans or liens restored by revival of policies 22 Interest on mortgage loans 43377643 23 Interest on collateral loans 7i44 5 24 Interest on bonds and dividends on stocks 25 Interest on premium notes policy loans or liens 26 Interest on deposits 28 Discount on claims paid in advance 29 Rent from companys property includ ing 3576300 for companys occu pancy of its own buildings 6102840 77 42695 00 663 09 910436 13 188999 12 9536 57 2125 08 200468 40 30 Total interest and rents 31 Profit on sale or maturity of ledger assets 119 20050 profit and loss 224036 41 Total income 1816385 88 121440 86 8084025 60 IIIDISBURSEMENTS FOR THE YEAR i For death claims 214344990 addi tions 12297 2155746 90 2 For matured endowments 42251400 additions 344900 425963 00 3 Net amount paid for losses and matured endow ments 2581709 90 5 Premium notes voided by lapse 2525 17 6 Surrender values paid in cash 689451 54 8 Surrender values applied to purchase paidup in surance see income No 9 19294 04COMPTROLLERGENERALS REPORT 385 12 13 IS 16 17 IQ 23 24 25 26 2 28 32 Dividends paid to policyholders in cash 66855 57 Dividends applied to pay renewal premiums see in come No 14 497445 86 Dividends applied to purchase paidup additions see income No 8 94259 45 Total paid policyholders395154153 Paid for claims on supplementary contracts not in volving life contingencies 9800 00 Commissions and bonuses to agents first years pre miums 35175270 renewal premiums 26718198 618934 68 Commuted renewal commissions 23678 96 Salaries and allowances for agencies including mana gers agents and clerks 89914 25 Agency supervision traveling and all other agency expenses 4819 91 Medical examiners fees 5908337 inspection of risks 266107 61744 44 Salaries and all other compensation of officers direc tors trustees and home office employees 181822 54 Rent including 35763 for companys occupancy of its own buildings 59T7 37 Advertising 1268348 printing and stationery 26 61937 postage 463286 43935 7i Legal expenses 2518 09 Furniture fixtures and safes 14 92 47 Insurance taxes licenses and department fees 114495 98 Taxes on real estate 43 878 78 Repairs and expenses other than taxes on real estate 7746i 66 Loss on sale or maturity of ledger assets Premium charged off on bonds purchased and depreciation 5597463 profit and loss 1549366 7146829 All other disbursements Miscellaneous expenses 1572404 40 Total disbursements 5429450 96 IVLEDGER ASSETS 1 Book value of real estate unincumbered 244316500 incumbered 11527700 incumbrance 4000000 251844200 2 Mortgage loans on real estate 11051883 34 3 Loans secured by pledge of bonds stocks or other collateral 118680000 4 Loans made to policyholders on this companys poli cies assigned as collateral 3I07823 44 5 Premium notes on policies in force 138455 98 25 In 386 COMPTROLLERGENERALS REPORT 6 Book value of bonds excluding interest 1950812700 and stocks 270545600 22213583 00 7 Deposited in trust companies and banks on interest 437078 63 11 Total ledger assets 40654066 39 NONLEDGER ASSETS 12 Interest due 595225 and accrued 9663625 on mortgages 13 Interest accrued on bonds 14 Interest accrued on collateral loans 15 Interest due 448194 and accrued 4598171 on pre mium notes policy loans or liens 16 Interest accrued on other assets 17 Rents due 147651 and accrued 2703008 on com panys property or lease iS Total interest and rents due and accrued 20 Market value not including interest in item 13 of bonds and stocks over book value 22 Gross premiums due and New Business Renewals unreported on policies in force December 31 K0 6036300 23673674 23 Gross deferred premiums on policies in force De cember 31 1906 102588 50 118212 61 12637 16 50463 65 418 90 28506 59 312827 41 1148870 00 69603 98 556874 20 24 Totals 25 Deduct loading 129966 98 7936io 94 2984 39 182575 53 26 Net amount of uncollect ed and deferred pre miums 100119 59 611035 41 7niS5 00 32 Gross assets 42826918 80 VLIABILITIES I Net present value of all the outstanding policies in force on the 31st day of December 1906 as computed by the companys actuary combined experience 4 per cent on all policies issued prior to January I 1901 American experience 3J per cent on all poli cies issued since 37350262 33 Same lor reversionary additions 336311 T3 Same for annuities including those in reduction of premiums 17118 39COMPTROLLERGENERALS REPORT 387 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary IST43 0I 4 Claims for death losses due and unpaid 54385 00 5 Claims for death losses in process of ad justment or adjusted and not due 35407 39 6 Claims for death losses which have been reported and no proofs received 139957 00 7 Claims for matured endowments due and unpaid 82968 00 8 Claims for death losses and other policy claims resisted by the com pany 10000 00 10 Total policy claims 322717 39 12 Premiums paid in advance including surrender val ues so applied 59059 4 6 Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued ISI4 94 20 Dividends or other profits due policyholders includ ing those contingent on payment of outstanding and deferred premiums 178234 45 21 Dividends apportioned payable to policyholders dur ing 1907 65r35 95 22 Amounts set apart or provisionally ascertained or cal culated or held awaiting apportionment upon de ferred divided policies 1908 6620915 1909 49 51345 1910 2701380 14273630 32 Unassigned funds surplus 4002398 41 34 Total liabilities 42826918 80 Business in the Sidle of Georgia during the year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 1100 203658000 Policies on the lives of citizens of said State is sued during the year W 872928 00 Total 1517 2909508 00 Deduct ceased to be in force during the year 193 365727 00 Policies in force December 31 1906 1324 254378 00 Losses and claims incurred during year II 31733 00 Losses and claims settled during the year in cash 10 30733 00388 COMPTROLLERGENERALS REPORT Losses and claims unpaid December 31 1 1000 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 90309 26 NEW YORK LIFE INSURANCE COMPANY OF NEW YORK Alexander E Orr President John C McCall Seymour M Ballard Secretaries Home Office 346 Broadway New York City N Y E J Clark Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of ledger assets as per bal ance December 31 of previous year 424662342 37 Extended at 424662342 37 IIINCOME 5 First years premiums on original poli cies without deduction for commis sions or other expenses 720682424 8 Dividends applied to purchase paidup additions and annuities 434004 65 10 Consideration for original annuities in volving life contingencies 69457684 11 Consideration for supplementary con tracts involving life contingencies 100981 04 12 Total new premiums 843638677 13 Renewal premiums in addition to items 14 15 and 16 without deduction for commissions or other expenses less 15428673 for reinsurance on re newals73158427 33 14 Dividends applied to pay renewal pre miums 722436 10 15 Surrender values applied to pay renewal premiums 23140 16 16 Renewal premiums for deferred annui ties 28346 44 17 Total renewal premiums 73932350 03 18 Total premium income 82368736 80COMPTROLLERGENERALS REPORT 389 19 22 23 25 20 27 28 29 Consideration for supplementary contracts not involv ing life contingencies Premium notes loans or liens restored by revival of policies Interest on mortgage loans 129315608 Interest on collateral loans 368713 32 Interest on bonds 1145608205 Interest on premium notes policy loans or liens 2904406 80 317453 02 6935 03 Interest on deposits Interest on other debts due the com pany Discount on claims paid in advance Rent from companys property includ ing 26021749 for companys occu pancy of its own buildings 350925 91 972 18 6828 64 IH7497 54 30 Total interest and rents 17498582 52 31 Profit on sale or maturity of ledger assets From sales of real estate 2680000 from sales of securi ties 3492925 6172925 From other sources 648742 09 35 41 Total income 100902178 71 illDISBURSEMENTS 1 For death claims less 16104309 rein surance 2059837269 additions 92703438 2152540707 2 For matured endowments 476674429 additions 9298945 4859733 74 3 Net amount paid for losses and matured endow ments 4 For annuities involving life contingencies 6 Surrender values paid in cash 7 Surrender values applied to pay renewal premiums see income No 15 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums see in come No 14 11 Dividends applied to purchase paidup additions and annuities see income No 8 12 Total paid policyholders 4497141839 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 389401923 renewal premiums r6io3i55i on annuities original 1620599 26385140 81 1844113 03 11883900 57 23140 16 3678683 07 722436 10 434004 65 201132 96 5520540 73390 COMPTROLLERGENERALS REPORT 16 Commuting 17 18 commissions advanced Salaries and allowances for agencies including mana gers agents and clerks Agency supervision traveling and all other agency ex penses 19 Medical examiners fees 37643646 inspection of risks 8337365 20 Salaries and all other compensation of officers direc tors trustees and home office employees 21 Rent including 26021749 for companys own occu pancy less 767303 received under sublease 22 Advertising 7828868 printing and stationery 22352784 postage 26795059 23 Legal expenses 24 Furniture fixtures and safes 25 Insurance taxes licenses and department fees 26 Taxes on real estate 15398466 taxes on mort gages 280435 27 Repairs and expenses other than taxes on real estate 28 Loss on sale or maturity of ledger assets Loss on sale of real estate 553000 loss on sale of securities 301955 32 All other disbursements Paid agents under Nyhc con tracts 52896691 telegrams cables telephone and express 2965196 restaurant 2951283 premiums on fidelity bonds 1558326 custody of securities 1107847 books papers and reports 660997 fees of county clerks consuls etc 158183 live states examination 1313461 trustees investigation 133 07628 expenses of trustees election 8936633 legislative expenses 757006 miscellaneous items of expense 961715 doubtful debts marked off 3 10358 commissions on sale party completed of real estate 37850 accidents and errors 14217 reduc ing book values of real estate 2590853 283472 24 2295727 31 528689 00 459810 II 1272194 23 778913 77 569707 1 1 77600 97 22691 08 959971 02 156789 01 290477 01 35725 15 905282 44 40 Total disbursements 59330202 53 IVLEDGES ASSETS Book value of real estate unincumbered 12750897 04 Mortgage loans on real estate first liens 35579554 4T Loans secured by pledge of bonds 546600000 Loans made to policyholders on this companys poli ciers assigned as collateral 53795274 47 Premium notes on policies in force 3958545 40 Book value of bonds excluding interest 34S056583 52 Deposited in trust companies and banks on interest 7538763 39 8 Cash in companys office 1642516 deposited in banks not on interest 192004513 1936470 29 COMPTROLLERGENERALS REPORT 391 9 Branch office balances M33 7t 10 Cash in companys branch offices 8509857 cash in transit 6569775 150796 32 11 Total ledger assets 466234318 55 NONLEDGER ASSETS 12 Interest due 91742 and accrued 20865425 on mortgages 209571 67 13 Interest due 1191290 and accrued 461243677 on bonds 4624349 67 14 Interest accrued on collateral loans 15 Interest accrued on premium notes policy loans or liens 16 Interest accrued on other assets 17 Rents due 350525 and accrued 11 99473 on companys property or lease 55950 00 180924 00 47711 90 15499 98 18 Total interest and rents due and accrued 5134007 22 22 Gross premiums due and New Business Renewals unreported on policies in force December 31 1906 3080900 496230100 23 Gross deferred premiums on policies in force De cember 31 1906 33724800 475685200 24 Totals 25 Deduct loading 25 per cent 368057 00 9719153 00 92014 25 2429788 25 26 Net amount of uncollect ed and deferred premi ums 276042 75 1364 75 7565407 50 32 Gross assets 478933733 27 DEDUCT ASSETS NOT ADMITTED 39 Book value of ledger assets over market value viz On bonds 4364626 62 40 Branch office balances 1433 71 42 Total 43666 33 4v Total admitted assets474567672 94392 COMPTROLLERGENERALS REPORT LIABILITIES Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the insurance department of the State of New York on the actuaries and American tables of mortality with 3 3I and 4 per cent interest385239973 00 Same for reversionary additions 2824815 00 Same for annuities including those in reduction of premiums 16754354 00 Total 40481915200 Deduct net value of risks of this com pany reinsured in other solvent com panies 176855 00 Net reserve404642287 00 2 Present value of amounts not yet due on supplemen tary contracts not involving life contingencies com puted by the company 2279789 10 3 Liability on policies cancelled and not included in item t upon which a surrender value may be demanded 118685 29 5 Claims for death losses in process of adjustment or adjusted and not due 54II7i 23 6 Claims for death losses which have been reported and no proofs received 1852283 76 7 Claims for matured endowments due and unpaid 21436432 Claims for death losses and other policy claims resisted by the company 184424 20 9 Due and unpaid on annuity claims in volving life contingencies 111786 52 re Total policy claims 11 Due and unpaid on supplementary contracts not in volving life contingencies 12 Premiums paid in advance including surrender values so applied lj Unearned interest and rent paid in advance 14 Commissions due to agents on premium notes when paid iC Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrue 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred premiums 2904030 03 135 94 176113 43 1216541 44 14955 51 152400 00 369401 31COMPTROLLERGENERALS REPORT 393 21 Dividends apportioned payable to policyholders dur ing 1007 6037465 29 22 Amounts set apart or provisionally ascertained or cal culated or held awaiting apportionment upon de ferred dividend policies 34208312 00 26 Reserve or surplus funds not included in the net reserve as herein reported or in the unassigned funds 21817556 60 27 Consisting of additional reserve on policies which the company voluntarily sets aside in excess of the States requirements 709943900 war risk funds 50030800 mortality fluctuation fund 50000000 security fluctuation and general contingency fund 1371780960 33T0talliab1lites 474567672 94 Business in the State of Georgia during the year On the basis of paidfor business only Policies on the lives of citizens of said State in force December 31 of previous year11839 23075916 00 Policies on the lives of citizens of said State issued during the year 943 2115170 00 Total Deduct ceased to be in force during the year 12782 998 Policies in force December 31 190611784 Losses and claims unpaid December 31 of previous year Losses and claims incurred during the year 8 145 Total IS3 Losses and claims settled during the year 147 Losses and claims unpaid December 31 1906 6 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 25191086 00 1920505 00 23270581 00 25501 00 417613 64 443114 64 432494 64 10620 00 782402 4 394 COMPTROLLERGENERALS REPORT THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY OF WISCONSIN H L Palmer President A S Hathaway Secretary Home Office Corner Broadway and Michigan Streets Milwaukee Wis W Woods White Atlanta Attorney for Service in Georgia icapital STOCK 2 Amount of ledger assets as per balance December 31 of previous year201619048 42 4 Extended at 201619048 42 IIINCOME 5 First years premiums on original policies without deduction for commissions or oth er expenses 3559186 54 8 Dividends applied to purchase paidup addi tions and annuities 905884 79 10 Consideration for original annuities involv ing life contingencies 136804 55 11 Consideration for supplementary contracts involving life contingencies 2004 x6 12 Total new premiums 4603880 04 13 Renewal premiums in addition to items 14 and 16 without deduction for commission or other expenses 24215476 43 14 Dividends applied to pay renewal premiums 3017938 87 16 Renewal premiums for deferred annuities 2435 96 17 Total renewal premiums 27235851 26 18 Total premium income 31839731 30 19 Consideration for supplementary contracts not involving life contingencies 175907 12 21 Premium notes loans or liens restored by revival of policies 7179 35 22 Interest on mortgage loans 4720158 63 24 Interest on bonds and dividends on stocks 3468984 17 25 Interest on premium notes policy loans or liens 1073822 21 26 Interest on deposits 40711 22 2J Interest on other debts due the company 224911 68 28 Discount on claims paid in advance 8359 78COMPTROLLERGENERALS REPORT 895 29 Rents from companys property including 4943253 for companys occupancy of its own buildings 3i97o6 46 30 Total interest and rents 31 Profit on sale or maturity of ledger assets Profit on sale of real estate 35 From other sources Old debt paid 41 Total income 9856654 15 53836 73 20 00 41933328 65 IIIDISBURSEMENTS 1 For death claims 729445413 additions 19247323 2 For matured endowments 159721300 ad ditions 6720254 7486927 36 1664415 54 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Dividends paid to policyholders in cash 10 Dividends applied to renewal premiums n Dividends applied to purchase paidup additions and annu I2 Total paid policyholders 21800230 50 13 Paid for claims on supplementary contracts not involving life contingencies 15 Commissions and bonuses to agents less commission on re insurance first years premiums 152389662 renewal premiums 199868254 on annuities original 38083 renewal 4872 Salaries and allowances for agencies including managers agents and clerks 18 Agency supervisor travelini 19 Medical examiners fees 17504022 2356022 20 Salaries and all other compensation trustees and home office employees 21 Rent for companys occupancy oi 22 Advertising 820754 printing and stationery 5684025 postage 10061699 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 Loss on real estate loan 50000 loss on sale of bonds 8605 17 and all other agency expenses inspection of risks of officers directors f its own buildings 9151342 00 62542 95 7700 32 5212218 97 3442601 70 3017938 87 905884 79 110147 09 3523008 71 11999 95 16883 39 198600 44 589637 02 49432 53 165664 78 22060 10 7154 56 727621 83 53265 84 155421 65 586 05396 COMPTROLLERGENERALS REPORT 32 All other disbursements Loan expenses 15959062 loss expenses 56524 traveling expenses 52046 legislative expenses 293840 freight and express 974833 ex change 928326 expense incurred by reason of Wiscon sin legislative investigating committee 363889 expense incurred in proceedings before Wisconsin Tax Commis sion 59838 adjustment of real estate values 2128199 claim erroneously paid 28600 suit lost penalty for con testing claim 24000 paidon fraudulent claim 20874 agents balance 105921 209959 52 40 Total disbursements 27641673 96 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2728830 43 2 Mortgage loans on real estate first liens 110923055 31 4 Loans made to policyholders on this companys policies as signed as collateral 21868045 00 5 Premium notes on policies in force 301408 87 6 Book value of bonds excluding interest 77300504 45 7 Deposited in banks on interest 2678600 55 8 Cash in companys office 110258 50 11 Total ledger assets 215910703 11 NONLEDGER ASSETS 12 Interest due 1221854 ad accrued 1457 79709 on mortgages 1470015 63 13 Interest accrued on bonds 954141 20 15 Interest due 13473206 and accrued 548 33307 on premium notes policy loans or liens 683065 17 Rents due 15100 and accrued 2046500 on companys property or lease 20616 00 18 Total interest and rents due and accrued 3127838 46 22 Gross premiums due and unre ported on policies in force T K New Business Renewals December 31 1906 16171 00 1151205 00 22 Gross deferred premiums on policies in force December 31 1906 192570 00 1562943 00 24 Totals 25 Deduct loading 208741 00 2714148 00 45923 02 597H2 56 26 Net amount of uncollected and deferred premiums 162817 98 2117035 44 2279853 42 32 Gross assets 221318394 09COMPTROLLERGENERALS REPORT 397 DEDUCT ASSETS NOT ADMITTED 39 Book value of ledger assets over market value viz Bonds 216680 95 43 Total admitted assets 22110171404 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1906 as computed by the com pany on the actuaries and American tables of mortality with 4 and 3 per cent interest respectivelyi7943528o 00 Same for reversionary additions S52988i 00 Same for annuities including those in reduction of pre N 738963 OO miums 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 107832282 4 Claims for death losses due and unpaid 60555 00 5 Claims for death losses in process of adjust ment or adjusted and not due 267919 80 6 Claims for death losses which have been re ported and 110 proofs received 227797 87 7 Claims for matured endowments due and unpaid 50553 96 8 Claims for death losses and other policy claims resisted by the company 59020 9 Due and unpaid on annuity claims involving life contingencies 225398 10 Total policy claims 668100 6l 11 Due and unpaid on supplementary contracts not involving life contingencies 338o 00 12 Premiums paid in advance including surrender values so 1 S3800 00 applied 30 16 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or ac j 110010 6r crued 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre 531900 46 nnums jj y 21 Dividends apportioned payable to policyholders during 1907 3032312 00 22 Amounts set apart or provisionally ascertained or calcu lated or held awaiting apportionment upon deferred divi dend policies Tontine surplus payable to policyholders subsequent to 1907 as the periods of participation mature 10year period 13798700 15year period 152582900 20year period 1906968500 20733501 00 32 Unassigned funds surplus 9186262 54 33 Total liabilities 22110171404398 COMPTROLLERGENERALS REPORT Business in the State of Georgia During the year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 6766 15008680 00 Policies on the lives of citizens of said State reported during the year 705 1906300 00 Total 7471 16914980 00 Deduct ceased to be in force during the year including removals from the State 326 714022 00 Policies in force December 31 7145 16200958 00 Losses and claims unpaid December 31 of previous year 3 14000 00 Losses and claims incurred during year 77 243814 00 Total 80 257814 00 Losses and claims settled during the year 79 227814 00 Losses and claims unpaid December 31 I 30000 00 Premiums collected or secured in cash and notes or credits not including premiums paid by nonresidents without any de duction for losses dividends commissions or oilier expenses 545304 45 OLD COLONY LIFE INSURANCE COMPANY Ob ILLINOIS John II Morse President Harry Austin Secretary Principal Office 230 Old Colony Building Chicago 111 Henry T Bartow Savannah Attorney for Service in Georgia 1CAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Extended at 100000 00 irINCOME DURING Y1K 1901 1 Cash received for premiums on new policies without deductions for commissions or other expenses 881 94 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 2342 7 Total premium income 858 52COMPTROLLERGENERALS REPORT 399 8 Cash received for interest on mortgage loans 952 75 19 From all other sources viz Surplus 2800000 interest on hank deposit 6279 28062 79 Total income IIIDISBURSEMENTS FOR THE YEAR 1906 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance new policies 20 Cash paid for salaries and all other compensation of officers and other home office employees 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid advertising 100000 printing 206277 28 Cash paid for legal expenses 29 Cash paid for the following items viz Heat telegraph and telephone postage traveling expenses office rent clerk hire light premium and discount and stock commission 1830027 stocks and bonds 10030000 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 8 Cash deposited in banks 9 Bills receivable 29874 06 588 17 351 50 1500 00 3062 yy 800 00 118600 27 124902 71 75300 00 25000 00 437i 35 600 00 13 Total net or ledger assets 105271 35 OTHER ASSETS 21 Market value of bonds and stocks over cost 27 Furniture fixtures and safes 150000 stationery and sup plies 206277 28 Total assets ITEMS NOT ADMITTED 2 Furniture fixtures and safes 7 Bills receivable 8 Supplies printed matter and stationery 1500 00 600 00 2062 yy Total 9 Total assets less items not admitted 734 55 3562 yy 109568 67 4162 77 105405 90400 COMPTROLLERGENERALS REPORT VLIABILITIES 17 Capital stock and mortuary fund 100270 35 18 Gross surplus 5135 5 19 Total liabilities 105405 85 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA George I Cochran President J Newton Russell Jr Secretary Principal Office Los Angeles California A C Harmon Savannah 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 755649 7 Increase of capital during 1906 50000000 premiums paid on same 43000000 930000 00 Extended at 8486490 70 IIINCOME DURING YEAR I906 1 Cash received for premiums on new policies without deductions for commissions or other expenses 726971 20 ii Cash received for renewal premiums with out deductions for commissions or other expenses 2701792 85 2 Premium notes loans or liens taken in part payment for premiums on new policies 24 Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running pre miums 3i From dividends applied to purchase paidup additions and annuities 4 From surrender values applied to pay run ning premiums 44 From surrender values applied to purchase paidup insurance and annuities 5 Consideration for annuities other than ma tured installment policies Total 3753068 42 58089 90510 18 49786 57 143626 33 29359 96 629 24 9811 20 COMPTROLLERGENERALS REPORT 401 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 259700 re newals 2181913 24416 13 7 Total premium income p 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on Cash received for interest on premium notes loans or liens Cash received for interest on other debts due the company Cash received as discount on claims paid in advance Cash received for rents for use of companys property in cluding 2357500 for companys own occupancy Cash received for profits on sale of bonds and stocks 115 28249 all other 1796172 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks Consideration for supplementary contracts not involving life contingencies Premium notes loans or liens restored by revival of policies From all other sources viz Accident department income 10 11 12 13 Mr 15 16 Total income 3728652 29 84949 39 226340 12 76211 52 52535 97 75 00 58083 17 133244 21 2139002 58 7440 00 7708 83 604768 84 7117011 92 HIDISBURSEMENTS FOR THE YEAR 1906 1 Cash paid for death claims including rever sionary additions 757563 85 2 Premium notes loans or liens used in pay ment of the same I343 70 1 Cash paid for matured endowments and ad 65085 00 ditions thereto u 5 Cash paid for sums falling due during the year on installment policies 2513 00 Total 844505 55 6 Deduct amount received from other compa nies for losses or claims on policies of this company reinsured 536 00 7 Total net amount actually paid for losses and matured en dowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of surren dered policies 2932895 voided by lapse 11574960 pi Premium notes loans or liens used in payment of dividends to policyholders 10 Cash dividends paid policyholders 26 in 839469 55 10639 65 145078 55 46 22 52586 99402 COMPTROLLERGENERALS REPORT 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders146948412 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 48029915 renewals 18935484 on annuities original 39244 18 Cash paid for salaries and allowances to managers and agents and all other agency expenses 19 Cash paid for medical examiners fees 579715 inspection of risks 795132 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums 958985 on renew als 2436640 Cash paid on investments Cash paid for insurance department fees and agents li censes 24 Cash paid for rent including 2357500 companys own oc cupancy 26 Cash paid for furniture fixtures and safes f if home offices 27 Cash paid for advertising 748699 priming 3578696 postage 1096490 28 Cash paid for real estate expenses other than taxes 25 00533 for legal expenses 1963795 zg Cash paid for the following items viz Loss on sale or ma turity of ledger assets 7996572 premium of reinsur ance 33000000 accident department disbursements 54329178 miscellaneous 4348354 22 23 49786 57 143626 33 198261 06 29359 96 629 24 62500 00 670046 43 126597 01 65922 82 156034 61 33956 25 11293 77 io390 26 44703 9i 444548 54238 85 44643 2H 996741 04 3750997 83 30 Total disbursements VASSETS AS PER LEDGER ACCOUNTS i Cost value of real estate exclusive of all incumbrances 981208 04 2 Loans on mortgage first liens on real estate 2845180 83 21 Warrants reclamations district 487 Sacramento county California 27792 97 3 Loans secured by pledge of bonds stocks or other market able collaterals 326900 00 4 Loans made in cash to policyholders on this companys pol icies assigned as collateral 598138 84 5 Premium notes loans or liens on policies in force of which 58089 was received during the year 1129261 21 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 537436 73COMPTROLLERGENERALS REPORT 403 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Furniture fixtures and safes 13 Total net or ledger assets 142211 67 369130 41 1923 54 56720 55 11852504 79 OTHER ASSETS 14 Interest due 569296 and accrued 25 28761 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 314164 and accrued 4116 78 on premiums notes loans or liens 18 Interest accrued on other assets 19 Rents due on companys property or lease 20 21 23 Total carried out Market value of real estate over cost Market value of bonds and stocks over cost Gross premiums due and unre New Business ported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 1906 156025 42 18758 57 30980 57 80072 60 i798 93 7258 42 1646 75 200 00 Renewals 224277 04 266162 46 Totals 174783 99 490439 50 25 Deducting loading 104870 39 61304 94 26 Net amount of uncollected and deferred premiums 69913 60 27 Separate nonledger assets of accident department 429134 56 121957 27 139089 83 118459 26 28 Total assets 499048 16 170025 46 12901084 77 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 7 Bills receivable 8 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies Total 9 Total assets less items not admitted 56720 55 1923 54 120877 00 179521 09 12721563 68404 COMPTROLLERGENERALS REPORT VLIABILITIES I Net present value of all the outstanding poli cies in force on the 31st day of December 1906 computed according to the actuaries table cf mortality with 4 per cent interest and American table of mortality with 3J per cent interest 10793440 26 Deduct net value of risks of this company reinsured in other solvent companies 90652 15 Net reinsurance reserve 10702788 11 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 22730 42 5A Claims for death losses reported and no proofs received 72I3 47 6 Claims for death losses and other policy claims resisted by the company 20516 50 8 Present value of unpaid amounts on ma tured installment policies 6215 62 Total policy claims 119676 01 10 Interest paid in advance on policy leans 12050 40 II Commissions due agents on premium notes when paid 1683 88 12 Commisipns due and accrued on conservative life contracts 19480 20 13 Amount due on account of salaries rents and office ex penses 22493 86 16 Amount of any other liability of the company viz Pre miums paid in advance 589975 accident department liabilities 33148967 337389 42 17 Capital stock 1000000 00 18 Gross surplus 506001 80 19 Total liabilities 12721563 68 Business in the State of Georgia During the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 668 1083686 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 241 467558 00 Total 909 155124400 Deduct number and amount which have ceased to be in force during the year 133 207843 00 Total number and amount of policies in force in Georgia December 31 1906 776 1343401 00COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Georgia unpaid December 31 of previous year I Amount of losses and claims on policies in Georgia incurred during the year Total 9 Amount of losses and claims on policies in Georgia paid during the year Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 405 1000 00 11161 00 12161 00 7116 00 30496 19 PHILADELPHIA LIFE INSURANCE COMPANY OP PENNSYLVANIA Andrew J Maloney President William H Hubbard Secretary Principal Office Philadelphia Pa ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 25113 68 Increase of capital during 1906 520780 00 Extended at 545893 68 II INCOME DURING YEAR 1906 I Cash received for premiums on new policies without deductions for commissions or other expenses 563426 18 ii Cash received for renewal premiums with out deductions for commissions or other expenses 25377 45 2i Premium notes loans or liens taken in part payment for renewal premiums 3788 22 Total 595591 85 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 7978 50 7 Total premium income 587613 35 O Cash received for interest on bonds owned and dividends onstock 45536 II Cash received for interest on other debts due the company 10358 99406 COMPTROLLERGENERALS REPORT 19 From all other sources viz Premium on capital stock 23950150 on account capital stock not yet issued 1 96170 premiums paid in advance 22736 increase agents credit balances 358706 245277 62 Total income 843705 32 IIIDISBURSEMENTS FOR THE YEAR 1906 i Cash paid for death claims including reversionary additions 26053 00 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 42211225 renew als 212845 L440 70 19 Cash paid for medical examiners fees 2300150 inspection of risks 98229 23983 79 20 Cash paid for salaries and all other compensation of officers and other home office employees 353o8 87 23 Cash paid for insurance department fees and agents li censes 3373 59 24 Cash paid for rent companys occupancy 3439 97 26 Cash paid for furniture fixtures and safes for home and agency offices 2698 21 27 Cash paid for printing 447 68 28 Cash paid for legal expenses 1578 00 29 Cash paid for the following items viz Office expenses 1 72179 postage 54566 2267 45 Miscellaneous expenses 501308 26 30 Total disbursements 527361 26 IVASSETS AS PER LEDGER ACCOUNTS 3 Loans secured by pledge of bonds stocks or other market able collaterals 170000 00 5 Premium notes loans or liens on policies in force received during the year 3788 22 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 636317 60 7 Cash in companys office 2402 48 8 Cash deposited in banks 33997 14 9 Bills receivable 2920 00 10 Agents ledger balances advanced during the year 12812 30 11 Total net or ledger assets 862237 74 OTHER ASSETS 15 Interest accrued on bonds and stocks 6676 47 17 Interest accrued on premiums notes loans or liens 10 01 Total carried out 6686 48 COMPTROLLERGENERALS REPORT 21 Market value of bonds and stocks over cost 23 Gross premiums due and unre New Business Renewals ported on policies in force December 31 1906 32939 88 24 Gross deferred premiums on policies in force December 31 1906 1023 96 2108 68 Totals 25 Deducting loading 70 per cent on new and 15 per cent on renewals 1023 96 35048 56 716 77 5357 28 26 Net amount of uncollected and deferred premiums 307 19 29791 28 28 Total assets ITEMS NOT ADMITTED 7 Bills receivable 9 Total assets less items not admitted VINABILITIES 1 Net present value of all outstanding policies in force on the 31st day of December 1906 computed according to the American experience table of mortality with 3J per cent interest 124617 00 Deduct net value of risks of this company reinsured in other solvent companies 3646 00 Net reinsurance reserve 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 381 00 5 Claims for death losses and matured endow ment in process of adjustment and not due 3000 00 Total policy claims 13 Amount due on account of salaries rents and office expenses 16 Amount of any other liability of the company viz Pre miums paid in advance 52446 commissions due agents on premium notes when due 28452 on account capital stock not yet issued 196170 agents credit balances 358706 17 Liabilities on policyholders account 407 5n9 63 30098 47 904142 32 2920 00 901222 32 120971 00 3381 00 1224 77 6357 34 I3L934 11408 COMPTROLLERGENERALS REPORT 18 Gross surplus on policyholders account 769288 21 19 Total liabilities 90122232 Business in the State of Georgia During the year No Amount Number and amount of policies on the fives of citizens of Georgia issued during the year 18 60000 00 Deduct number and amount which have ceased to be in force during the year Total number and amount of policies in force in Georgia December 31 1906 7 55000 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses dividends commissions or other expenses 66r 03 PENN MUTUAL LIFE INSURANCE COMPANY George K Johnson President John Humphreys Secretary and Treas Home Office 921 923 and 925 Chestnut Street Philadelphia Pa Henry C Bagley Atlanta Attorney for Service in Georgia ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year 72880567 51 Extended at 72880567 51 IIINCOME 5 First years premiums on original policies without deduction for commission or other expenses less 1844131 for first years re insurance 196026437 6 Surrender values applied to pay first years premiums I50O 38 7 Total first years premiums on original poli cies 1961764 75 8 Dividends applied to purchase paidup addi tions and annuities 1 4677 9 Surrender values applied to purchase paidup insurance and annuities JJ348S 00 10 Consideration for original annuities involv ing life contingencies 4p538 17 ii Consideration for supplementary contracts involving life contingencies 599 49 12 Total new premiums 2795567 41H COMPTROLLERGENERALS REPORT 109 13 Renewal premiums in addition to items 14 15 and 16 without deduction for commis sions or other expenses less 5850045 for reinsurance on renewals 11657680 46 14 Dividends applied to pay renewal premiums 924118 97 15 Surrender values applied to pay renewal pre miums 20263 I2 16 Renewal premiums for deferred annuities 79T3 8 17 Total renewal premiums 12609975 63 18 Total premium income IS405543 04 19 Consideration for supplementary contracts not involving life contingencies 295060 35 21 Premium notes loans or liens restored by revival of poli cies 3453 y 22 Interest on mortgage loans 1479383 S1 23 Interest on collateral loans I49S9 6 24 Interest on bonds and dividends on stocks 1475720 27 25 Interest on premium notes policy loans or liens 503I98 00 26 Interest on deposits 13072 00 27 Interest on other debts due the company 14646 26 29 Rent from companys property 172613 l3 30 Total interests and rents 3807792 23 31 Profit on sale or maturity of ledger assets Bonds and stocks 2966911 real estate 4022989 69899 00 35 From other sources Bonuses on mortgages 489877 sus pended bank dividend 29427 agents balance recovered etc 51000 5703 04 41 Total income I958745i 56 IIIDISBURSEMENTS 1 For death claims less 1000000 reinsur ance 361014304 additions 3926600 3649409 04 2 For matured endowments 128361424 ad ditions 5031300 1333927 24 9 10 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Surrender values applied to pay new premiums 150038 to pay renewal premiums 2026312 Surrender values applied to purchase paidup insurance and annuities Dividends paid to policyholders in cash Dividends applied to pay renewal premiums 4983336 28 243639 83 46304 88 1165720 12 21763 50 223488 00 209685 83 924118 97410 COMPTROLLERGENERALS REPORT 11 Dividends applied to purchase paidup additions and an nuities 12 Total paid policyholders 793273441 13 Paid for claims on supplementary contracts not involving life contingencies 15 Commissions and bonuses to agents less commission on reinsurance first years premiums 106013650 renew al premiums 79004900 on annuities original 25 57194 renewal 42580 16 Commuting renewal commissions 17 Salaries and allowances for agencies including managers agents and clerks 18 Agency supervision traveling and all other agency expenses 19 Medical examiners fees 11827995 inspection of risks 1580469 20 Salaries and all other compensation of officers directors trustees and home office employees 21 Rent for companys property 22 Advertising 3081295 printing and stationery 3037441 postage 3476472 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 Real estate 19 25831 bond premiums 2896500 deductions from real estate and bond valuations etc 2737873 33 Home office expenses 114677 OO I34S4I 70 1876183 24 65000 00 54536 31 35389 51 134084 64 316828 34 54491 43 95952 08 19253 07 7104 98 431582 05 39246 96 108573 5 75602 04 66638 02 40 Total disbursements 1 44774 03 IVLEDGER ASSETS 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other collat eral 4 Loans made to policyholders on this companys policies as signed as collateral 5 Premium notes on policies in force of which 467764 is for first years premiums 6 Book value of bonds excluding interest 3294235625 stocks 40282612 7 Deposited in trust companies and banks on interest 8 Cash in companys office 9 Bills receivable 34944728 agents balances 1062424 10 Temporary notes for premiums 2261564 01 32762445 62 2622860 00 7901952 00 1300517 91 33345182 37 285677 67 489033 360071 52 85115 61 II Total ledger assets 81020277 04COMPTROLLERGENERALS REPORT 411 NONLEDGER ASSETS 12 Interest due 67500 and accrued 505586 29 on mortgages 13 Interest accrued on bonds 14 Interest accrued on collateral loans 16 Interest accrued on other assets 17 Rents due 155662 and accrued 602328 on companys property or lease 506261 29 494650 92 8188 02 4386 72 7579 90 18 Total interest and rents due and accrued 1021066 85 20 Market value of bonds and stocks over book value 8475 75 22 Gross premiums due and llll New Business Renewals reported on policies in force December 31 1906 23 Gross deferred premiums on policies in force December 31 1906 102468 99 967591 50 82093 67 929448 87 24 Totals 184562 66 1897040 37 25 Deduct loading 36912 53 379408 07 26 Net amount of uncollected and deferred premiums 14765013 151763230 166528243 27 All other assets Net unreported annuities 34969 I secured profits on real estate under contracts of sale 150000 1849 69 32 Gross assets 83716951 76 DEDUCT ASSETS NOT ADMITTED 35 Agents debit balances 10624 24 36 Cash advanced to or in the hands of agents 349447 28 42 Total 43 Total admitted assets 360071 52 83356880 24 VLIABILITIES Net present value of all the outstanding poli cies in force on the 31st day of December 1906 as computed by the Pennsylvania in surance department on the actuaries table of mortality with 4 per cent interest and the 3 and 3J per cent American tables 65391564 00 Same for reversionary additions 1031868 00 Same for annuities including those in re duction of premiums 2298871 00 Total 68722303 00412 COMPTROLLERGENERALS REPORT Deduct net value of risks of this company reinsured in other solvent companies 120318 00 Net reserve 68601985 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary 1532399 00 5 Claims for death losses in process of adjust ment or adjusted and not due 379159 19 Matured credits awaiting proof 30278 00 8 Claims for death losses and other policy claims resisted by the company 32129 00 10 Total policy claims 441566 19 12 Premiums paid in advance including surrender values so applied 48804 0 r 13 Unearned interest and rent paid in advance 2 15053 TJ 14 Commissions due to agents on premium notes when paid 22014 2 16 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due or accrued 1469 50 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 188334 39 21 Dividends apportioned payable to policyholders during 1907 146403 65 23 Accumulated surplus fund 3799367 29 24 Life rate endowment and five year option fund 1149126 1 5 25 Four and six per cent bond fund 499781 19 27 Special three and a half per cent reserve 1079079 00 30 Other liabilities Trust deposits 6068 00 32 Unassigned funds surplus 5582278 86 33 Total liabilities 83356880 24 Business in the Stale of Georgia During the year r No Amount Policies on the lives of citizens of said State in force December 31 of previous year12672 23117378 00 Policies on the lives of citizens of said State issued during the year 2832 5076132 00 Total 15504 28193510 co Deduct ceased to be in force during the year 1796 3622874 00 Policies in force December 3113708 24570636 00 Losses and claims unpaid December 31 of previous year 15 1728569 Losses and claims incurred during the year 116 223341 00 Total 13 240626 69 Losses and claims settled during the year 123 230465 99 COMPTROLLERGENERALS REPORT 413 Losses and claims unpaid December 31 8 10160 70 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 804896 26 PHCENIX MUTUAL LIFE INSURANCE COMPANY OP CON NECTICUT John M Holcombe President Silas H Cornwell Secretary Home Office 49 Pearl Street Hartford Conn Chas S Northen Atlanta Attorney for Service in Georgia ICAPITAL STOCK 2 Amount of ledger assets as per bal ance December 31 1905 1948623906 4 Extended at 19486239 06 11INCOME 5 First years premiums on original policies without deduction for com missions or other expenses less 11 94594 for first years reinsurance 593510 63 6 Surrender values applied to pay first years premiums 1018 08 7 Total first years premiums on original policies 59452871 8 Dividends applied to purchase paid up additions and annuities 99697 44 9 Surrender values applied to purchase paid up insurance and annuities 78061 00 10 Consideration for original annuities in volving life contingencies 3084 75 12 Total new premiums 77537 90 13 Renewal premiums in addition to items 14 and 15 without deduction for commissions or other expenses less 2723735 for reinsurance on re newals 2789872 83 14 Dividends applied to pay renewal pre miums 247897 49 15 Surrender values applied to pay re newal premiums 6335 23 17 Total renewal premiums 3044105 55 18 Total premium income 3819477 45414 COMPTROLLERGENERALS REPORT 22 Interest on mortgage loans 24 Interest on bonds and dividends on stocks 25 Interest on premium notes policy loans or liens 26 Interest on deposits 27 Interest on other debts due the com pany 2 Discount on claims paid in advance 29 Rent from companys property includ ing 1000000 for companys occu pancy of its own building 635540 36 236740 77 97422 05 9709 45 354 82 452 86 36259 55 30 Total interest and rents 1016479 86 31 Profit on sale or maturity of ledger assets Gains on sale of real estate 1145 44 35 From other sources Guarantee of mortgage loans 194 55 41 Total income 484761030 IIIDISBURSEMENTS 1 For death claims 102340750 ad ditions 897800 103238550 2 For matured endowments 23028250 additions 1006700 240349 50 9 10 II 12 13 IS 16 17 18 Net amount paid for losses and matured endowments For annuities involving life contingencies Premium notes voided by lapse Surrender values paid in cash Surrender values applied to pay new premiums 1 01808 to pay renewal premiums 633523 Surrender values applied to purchase paidup insurance and annuities Dividends paid to policyholders in cash Dividends applied to pay renewal premiums Dividends applied to purchase paid up additions and annuities Total paid policyholders 199392947 Paid for claims on supplementary contracts not in volving life contingencies Commissions and bonuses to agents less commission on reinsurance first years premiums 33714725 renewal premiums 17738802 on annuities orig inal 15049 Commuted renewal commissions Salaries and allowances for agencies including man agers agents and clerks Agency supervision traveling and all other agency expenses 1272735 00 11360 54 2433 00 266534 54 7353 31 78061 00 7857 15 247897 49 99697 44 8666 67 5U685 76 56394 34 92891 10 41973 97COMPTROLLERGENERALS REPORT 415 19 Medical examiners fees 4305430 inspection of risks 588322 48937 52 20 Salaries and all other compensation of officers direc tors trustees and home office employees 10283759 21 Rent including 1000000 for companys occupancy of its own buildings 34437 95 22 Advertising 861870 printing and stationery 34 35611 postage 1728749 6026230 23 Legal expenses 3972 87 24 Furniture fixtures and safes 11244 I2 25 Insurance taxes licenses and department fees 102722 52 26 Taxes on real estate 5o67 95 27 Repairs and expenses other than taxes on real estate 12386 31 28 Loss on sale or maturity of ledger assets Premiums on bonds paid off 850 00 32 All other disbursements Exchange 17295 miscel laneous expenses 758593 agents ledger balances charged off 141609 9174 97 40 Total disbursements 3ioo435 41 IVLEDGER ASSETS 1 Book value of real estate unincumbered 56o347 27 2 Mortgage loans on real estate 13052404 5t 4 Loans made to policyholders on this companys poli cies assigned as collateral 1562609 00 5 Premium notes on policies in force i74T9 44 8 Book value of bonds excluding interest 5069 60286 and stocks 34108100 5410683 86 7 Deposited in trust companies and banks on interest 472940 64 8 Cash in companys office 409 23 II Total ledger assets 21233413 95 NONLEDGER ASSETS 12 Interest due 831827 and accrued 24285700 on mortgages 13 Interest accrued on bonds 15 Interest due on premium notes policy loans or hens 20 Market value not including interest in item 13 of bonds and stocks over book value 22 Gross premiums due and New Business Renewals unreported on policies in force December 31 too6 53043 98 14638424 251175 27 37600 29 3350 38 120195 14416 COMPTROLLERGENERALS REPORT 23 Gross deferred premiums on policies in force December 31 1906 29242 28 184662 19 24 Totals 8228626 33104643 25 Deduct loading 17985 33 7159 59 26 Net amount of uncollect ed and deferred premi ums 6430093 25945584 323756 77 32 Gross assets 2196949180 DEDUCT ASSETS NOT ADMITTED 38 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies 7100 15 43 Total admitted assets 21962391 65 VLIABILITIES I Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the company on the actuaries table of mortality with 4 per cent interest 20189782 00 Same for reversionary additions 566947 Same for annuities including those in reduction of premiums 100234 00 Total 2085696300 Deduct net value of risks of this com pany reinsured in other solvent com panies I28257 00 Net reserve 2072870600 2 Present value of amounts not yet due on supple mentary contracts not involving life contingencies computed by the company 2664 00 3 Liability oh policies cancelled and not included in item 1 upon which a surrender value may be de 18990 00 manded 5 Claims for death losses in process of adjustment or adjusted and not due 24175 00 6 Claims for death losses which have been reported and no proofs received 2900500 10 Total policy claims 53i8o 00COMPTROLLERGENERALS REPORT 417 12 Premiums paid in advance including surrender values so applied IO025 00 13 Unearned interest and rent 47433 IS Cost of collection and dividends on uncollected and deferred premiums in excess of the loading thereon 10625 00 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 1074i 21 Dividends apportioned payable to policyholders dur 3S6iS 00 mg 1907 D 26 Reserve or surplus funds not included in the net reserve as herein reported or in the unassigned fund per item 32 Reserve for paid up option iooco 00 32 Unassigned funds surplus 1010436 65 34 Total liabilities 2196239 65 Business in the State of Georgia During the year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 914 184173701 Policies on the lives of citizens of said State issued during the year 43 277370 00 Total i0S7 219910700 Deduct ceased to be in force during the year 136 265140 00 Policies in force December 31 1906 921 1853967 00 Losses and claims incurred during the year 14 4017000 Losses and claims settled during the year13 37l7 Losses and claims unpaid December 31 1906 I 3ooo 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses SSX 7 2 27 in418 COMPTROLLERGENERALS REPORT PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK Timothy L Woodruff President John H Vrooman Secretary Principal Office 346 Broadway New York City N Y J R Nutting Atlanta Attorney for Service in Georgia ICAPITAL STOCK I Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 7989720 19 Extended at 7989720 19 IIINCOME DURING YEAR 1906 1 Cash received for premiums on new policies without deductions for com missions or other expenses li Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2i Premium notes loans or liens taken in part payment for renewal premi ums 3 From dividends applied to pay run ning premiums 4 From surrender values applied to pur chase paid up insurance and an nuities 453003 79 2908167 99 I J 22i 22 81770 92 34985 30 43403 26 Total 3535556 48 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 235775 renewals 653529 889304 3526663 44 26254 03 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 4675588 10 Cash received for interest on premium notes loans or liens i Ca 1 received for interest on other debts due the com pany 151567 70 6872 10COMPTROLLERGENERALS REPORT 419 13 Cash received for rents for use of companys property including 120000 for companys own occupancy 378942 60 14 Cash received for profits on sales 373 5 17 Premium notes loans or liens restored by revival of policies 678 54 19 From all other sources viz Consideration for sup plementary contracts 1342400 legal expenses and interest returned in Whayne case 1966955 receiv ed from National Life Association Canada 56 800co Timothy L Woodruff in re capital stock 26806667 357960 22 Total income 4496068 07 IIIDISBURSEMENTS FOR THE YEAR 1906 1 Cash paid for death claims including reversionary additions 1634658 68 2 Premium notes loans or liens used in payment of the same 72958 57 3 Cash paid for matured endowments and additions thereto 24000 00 5 Cash paid for sums falling due during the year on installment policies 4600 00 Total 1736217 25 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured 24986 64 7 Total net amount actually paid for losses and matured endowments I7H330 61 8 Cash paid to annuitants 15376 57 9 Premium notes loans or liens used in purchase of surrendered policies 23874812 voided by lapse 1630875 25505687 10 Cash dividends paid polkyholders 153764 25 11 Cash dividends applied to pay running premiums 34985 30 13 Surrender values paid in cash 72905 62 15 Surrender values applied to purchase paid up insurance 45403 26 and annuities 40 Total paid policyholders 228672248 17 Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 29565170 renewals 16099166 45664336 18 Cash paid for salaries and allowances to managers and 101629 38 agents 19 Cash paid for medical examiners fees 2966642 in spection of risks 953330 39199 72420 COMPTROLLERGENERALS REPORT 20 Cash paid for salaries and all other compensation of officers and other home office employees 180259 7 21 Cash paid for taxes 57314 23 22 Cash paid for taxes on investments 58223 92 23 Cash paid for insurance department fees and agents licenses 427313 municipal licenses etc 337356 7646 69 24 Cash paid for rent including 120000 companys oc cupancy less 297750 received under sublease 58577 70 26 Cash paid for furniture fixtures and safes for home and agency offices 350 61 27 Cash paid for advertising 1328067 printing 15 311x0 2859167 28 Cash paid for real estate expenses other than taxes 4730895 for legal expenses 1505797 262366 93 29 Cash paid for the following items viz Agency super vision traveling and agency expenses 10151155 expense pett3 disbursements at agencies and home office 1440506 exchange 463127 auditing ex penses 778285 examination expenses 265120 reorganization expenses 498894 suspense suits pending 70753 profit and loss 6060502 post age and telegrams 2150218 218785 60 Tola miscellaneous expenses 144808739 30 Total disbursements 3756312 05 IVASSETS AS PER LEDGER ACCOUNTS i Book value of real estate exclusive of all incum brances 2900780 82 2 Loans on mortgage first liens on real estate 622503 79 3 Loans secured by pledge of bonds stocks or other marketable collaterals 26275 42 4 Loans made in cash to policyholders on this com panys policies assigned as collateral 2650629 77 5 Premium notes loans or liens on policies in force of which 1422522 was received during the year 338553 20 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 1345987 37 7 Cash in companys office 173 58 8 Cash deposited in banks 580299 19 9 Bills receivable 1119 31 10 Agents ledger balances 255636 92 Comptroller State of New York 5059 84 11 Total net or ledger assets 8729476 21 OTHHl ASSETS 14 Interest due 1016320 and accrued 506907 on mortgages 15232 27COMPTROLLERGENERALS REPORT 421 IS Interest accrued on bonds and stocks 16 Interest due 1750 and accrued 64578 on collateral loans 17 Interest due 628303 and accrued 55806 10 on pre miums notes loans or liens 18 Interest accrued on other assets 19 Rents on companys property or lease 20 Market value of real estate over book value 21 Market value of bonds and stocks over cost 23 Gross premiums due and unreported on policies in force December 31 J9o6 4652900 18884200 24 Gross deferred premiums on policies in force De cember 31 1906 14522 00 248881 00 16277 10 663 28 62089 13 24i4 33 8472 00 502038 40 13860 84 New Business Renewals Totals 6105100 43772300 25 Deducting loading 60 per cent on new and 15 cent on renewals 36631 00 65658 co 26 Xct amount of uncollect ed and deferred premi ums 24420 00 372065 00 396485 00 28 Total assets as per the books of the company 9747008 56 ITEMS NOT ADMITTED 5 Agents balances 255636 92 7 Bills receivable 1119 31 Total 256756 23 9 Total assets less items not admitted 9490252 33 VLIABILITIES 1 Net present value of all the oustanding policies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest combined with 34 per cent 8859645 00 Deduct net value of risks of this com pany reinsured in other solvent companies 10682 00 Net reinsurance reserve 8848963 00422 COMPTROLLERGENERALS REPORT 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 endowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the com pany 8 Present value of unpaid amounts on matured installment policies Claims for death losses reported and no proofs received 20999 00 72575 oo 55159 00 41778 40 36404 00 Total policy claims 10 Amount of all unpaid dividends of surplus or other description of profits clue policyholders 16 Amount of any other liability of the company viz Premiums paid in advance Liability on policies cancelled upon which a surren der value may be demanded 226915 40 1664 08 3537 00 5366 00 17 Liabilities on policyholders account 20 Interest paid in advance on loans on policies 21 Interest accrued on mortgages on real estate 37075 00 Judgment against the society upon which appeal is pending 9086445 48 17974 12 1458 00 Total 56507 12 Capital stock Unassigned funds to provide for all other contingen 100000 oo 247299 73 Total liabilities 9490252 33 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 947 3637853 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 344 923046 00 Total 2291 4560899 00 COMPTROLLERGENERALS REPORT 423 Deduct number and amount which have ceased to be in force during the year 402 613274 00 Total number and amount of policies in force in Georgia December 31 1906 1889 3947625 00 Amount of losses and claims on policies in Georgia incurred during the year 16 39o68 00 Amount of losses and claims on policies in Geor gia paid during the year t 3S068 00 Amount of premiums collected or secured in Georgia during the year in cash 11469572 notes or credits 6 46750 without any deduction for losses dividends com missions or other expenses 12116322 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA NEWARK N J John F Dryden President Edward Gray Secretary Home Office 761769 Broad Street Newark N J J M Skinner 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 bal ance December 31 of previous year 102377333 75 Extended at 102377333 75 IIINCOME 5 First years premiums on original poli cies without deduction for commis sions or other expenses less 135839 for first years reinsurance 6806997 76 6 Surrender values applied to pay first years premiums 3748 08 7 Total first years premiums onoriginal policies 6810745 84 8 Dividends applied to purchase paidup additions and annuities 49985 14 9 Surrender values applied to purchase paidup insurance and annuities 1174712 51 10 Consideration for original annuities in volving life contingencies 37527 10424 COMPTROLLERGENERALS REPORT 804 45 II Consideration for supplementary con tracts involving life contingencies 12 Total new premiums 8073775 04 13 Renewal premiums in addition to items 14 15 and 16 without deduc tion for commissions or other ex penses less 15542482 for reinsur ance on renewals 40066601 90 14 Dividends applied to pay renewal pre miums 124835 79 15 Surrender values applied to pay renewal premiums 8318 04 16 Renewal premiums for deferred annui ties 638 68 17 Total renewal premiums 40200394 41 83686 00 30962 39 8 Total premium income 48274169 45 ly Consideration for supplementary contracts not involv ing life contingencies 2 Premium notes loans or liens restored by revival of policies 22 Interest on mortgage loans 921749 55 23 Interest on collateral loans 24 Interest on bonds and dividends on stocks 25 Interest on premium notes policy loans or liens 26 Interest on deposits 27 Interest on other debts due the com pany 20 Rent from companys property includ ing 42148168 for companys occu pancy of its own buildings 251243 94 2740554 12 244350 89 164626 25 12961 46 799409 31 30 Total interests and rents 5134895 52 31 Profit on sale or maturity of ledger assets Bonds 12500 real estate 119670 1321 70 35 From other sources Conscience fund 23 70 41 Total income 5352505876 IIIDISBURSEMENTS 1 For death claims less 6500000 rein surance 1280182521 additions 4600611 12847831 32COMPTROLLERGENERALS REPORT 425 2 For matured endowments 9495947 ad ditions 50700 95466 47 SI IO 12 13 14 IS 17 18 19 23 24 25 26 27 28 32 Xet amount paid for losses and matured endow ments For annuities involving life contingencies Surrender values paid in cash Surrender values applied to pay new premiums see income No 6 374808 to pay renewal premiums see income No 15 831804 Surrender values applied to purchase paidup insur ance and annuities see income No 9 Dividends paid to policyholders in cash Dividends applied to pay renewal premiums see in come No 14 Dividends applied to purchase paidup additions and annuities see income No 8 Total paid policyholders 1624558768 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 premiums 323637828 renewal premiums 454728926 on annuities original 191181 renewal 3647 Salaries and allowances for agencies including mana gers agents and clerks Agency supervision traveling and all other agency ex penses Medical examiners fees 50687028 inspection of risks 2053150 Salaries and all other compensation of officers direc tors trustees and home office employees Rent including 42148168 for companys occupancy of its own buildings less 109717 received under sublease Advertising 26165229 printing and stationery 241 20402 postage 7467774 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 Bonds 1750000 real estate 420823 All other disbursements Law libraries 74155 appraising fees 4338o sundry general expenses 12185704 expressage 3046290 12943297 79 57716 61 786860 15 12066 12 1174712 51 1096113 57 124835 79 49985 14 22254 S4 200000 00 7785615 82 2900713 05 253266 08 527401 78 1548765 26 693387 91 577534 05 85329 07 17398 67 958591 11 196006 74 262091 57 21708 23 153495 29 40 Total disburements 32449146 85426 COMPTROLLERGENERALS REPORT on this company s IVLEDGER ASSETS 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds excluding interest 6672636547 and stocks 285524000 7 Deposited in trust companies and banks on interest 8 Cash in companys office 1324893 deposited in banks not on interest 65977957 9 Bills receivable 12378946 65 21443696 86 6447140 00 4055805 51 859505 29 69581605 47 8012319 91 673028 50 ii97 47 11 Total ledger assets 123453245 66 NONLEDGER ASSETS 12 Interest due 3578757 and accrued 39698913 on mortgages 13 Interest accrued on bonds 14 Interest accrued on collateral loans 15 Interest due 1066900 and accrued 1 21317 on premium notes policy loans or liens 16 Interest due on other assets 17 Rents due 258239 and accrued 15 19359 on companys property or lease 432776 70 486566 38 233H 55 11882 17 406 69 17775 9 18 Total interest and rents due and accrued 21 Due from other companies for losses or claims on poli cies of this company reinsured 22 Gross premiums due and unreported on policies in force December 31 1906 industrial Ordinary 23 Gross deferred premiums on policies in force De cember 31 1906 ordi nary New Business 2815 95 66237 89 Renewals 434465 49 827971 10 972719 47 5000 00 545304 87 2436756 62 24 Totals industrial Ordinary 2815 95 611542 76 434465 49 3264727 72 25 Deduct loading industrial 50 per cent 1407 98 Ordinary 20 per cent 122308 55 217232 75 652945 54COMPTROLLER TTNTTT ATS 30RT 427 26 27 32 Net amount of uncollect ed and deferred pre miums industrial 1407 97 21723274 Ordinary 489234 21 2611782 18 3319657 10 All other assets Stationery and printed matter 10 00000 furniture fixtures and safes 5000000 law libraries 660363 3 3 127817225 86 Gross assets DEDUCT ASSETS NOT ADMITTED 34 Supplies stationery printed matter 1000000 furniture fixtures and safes 5000000 law libraries 60363 37 Loans on bills receivable 40 Bonds and stocks 66603 63 1197 47 696008 97 42 Total 43 Total admitted assets 763810 07 Pi270534i5 79 VLIABILITIES Net present value of all the outstand ing policies in force on the 31st day of December 1906 as computed by the company according to the actua ries table of mortality with four per cent interest on policies issued prior to January 1 1901 and the American experience table of mortality with three per cent interest on policies is sued subsequent to December 31 98401737 00 1900 T Same for reversionary additions 209071 00 Same for annuities including those in reduction of premiums according to the actuaries table of mortality with four per cent interest on annuities is sued prior to January 1 1901 and the American experience table of mortal ity with three and onehalf per cent interest on annuities issued subse quent to December 31 1900 620342 co 3093307 00 Special reserve Total 102324457 00428 COM PTROLLERGENERALS REPORT Deduct net value of risks of this com pany reinsured in other solvent com panies 429649 00 Net reserve 2 Present value of amounts not yet due on supple mentary contracts not involving life contingencies computed by the assumption of interest rates as fol lows On policies issued prior to 1901 four per can on income policies three and onehalf per cent on all other policies three per cent 3 Liability on policies cancelled and not included in item 1 upon which a surrender value may be de manded 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 losses and other policy claims resisted by the company 9 Due and unpaid on annuity claims in volving life contingencies 3 3 3z 5539 00 23019 21 250 00 Total policy claims Due and unpaid on supplementary contracts not in volving life contingencies Premiums paid in advance including surrender values so applied Unearned interest and rent paid in advance Salaries rents office expenses taxes bills accounts bonuses commissions medical and legal fees due or accrued Dividends or other profits due policyholders includ ing those contingent on payment of outstanding and deferred premiums Dividends apportioned payable to policyholders dur ing 1907 Reserve or surplus fund not included in the net re serve as herein reported or in the unassigned funds special reserve set aside prior to 1899 to pre pare for a more stringent basis of reserve on indus trial policies Other liabilities Net amount due other companies for premiums on policies of this company reinsured Capital stock Unassigned funds surplus lioi894808 00 187423 56 43597 15 304325 65 239820 00 651928 92 40 00 390158 36 125071 35 150332 40 67041 45 1604176 S3 1000000 00 655 43 2000000 00 18534057 70 33 Total liabilities 5127053415 79COMPTROLLERGENERALS REPORT 42 Business in the State of Georgia During the year No Amount Policies on the lives of citizens of said State in force December 31st of previous year 4855 9789555 00 Policies on the lives of citizens of said State is sued during the year 771 1325391 00 Total Deduct ceased to be in force during the year Policies in force December 31st Losses and claims unpaid December 31st of pre vious year Losses and claims incurred during the year Total 46 Losses and claims settled during the year in cash ordinary 7471273 by compromise 1093654 38 5626 590 11114946 00 1031441 00 5036 4 42 10083505 00 14000 00 86149 27 100149 27 Losses and claims unpaid December 31st 8 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends com missions or other expenses ordinary 85649 27 14500 00 362263 79 RELIANCE LIFE INSURANCE COMPANY PITTSBURG PA James H Reed President Grant Siverd Secretary Principal Office Farmers Bank Bldg Fifth Avenue and Wood Street Pittsburg Pa ICAPITAL STOCK 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets Decem ber 31st of previous year 2069589 95 Extended at 2069589 95 i INCOME DURING YEAR I906 I Cash received for premiums on new policies without deductions for com missions or other expenses 202575 62 ii Cash received for renewal premiums without deductions for commissions or other expenses 233004 36430 COMPTROLLERGENERALS REPORT ji From dividends applied to purchase paid up additions and annuities see item 12 disbursements 111825 Total 436698 23 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 336092 renewals 355615 691707 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany Total income 429781 16 18405 25 63196 57 1168 65 8342 11 520893 74 9 10 12 13 17 19 23 24 25 26 27 28 IIIDISBURSEMENTS FOR THE YEAR I906 Cash paid for death claims including revisionary addi tions 5212269 Cash paid to annuitants 100 oo Premium voided by lapse 905 99 Cash dividends paid policyholders 72682 Cash dividends applied to purchase paidup additions and annuities see item 34 income 111825 Surrender values paid in cash 4001800 Total paid policyholders 9499175 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 134 47858 renewals 1163401 14611259 Cash paid for salaries and allowances to managers and agents 613476 Cash paid for medical examiners fees 1972067 in spection of risks 313644 2285711 Cash paid for salaries and all other compensation of officers and other home office employees 3400496 Cash paid for insurance department fees and agents licenses l862i 01 Cash paid for rent 16680 00 Cash paid for commuting commissions 24490 04 Cash paid for furniture fixtures and safes for home and agency offices II32 86 Cash paid for advertising 2037036 printing 7 27809 postage 174396 29392 41 Cash paid for legal expenses 5871 63COMPTROLLERGENERALS REPORT 431 29 Cash paid for the following items viz Agency super vision 627027 loss on maturity ledger assets 56703 express 50403 library 29575 telephone 53628 telegrams 19270 photographic 30371 general expense 228509 fire insurance 2810 trust fund transferred to premium account 10460 11087 56 30 Total disbursements 411376 68 IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 320400 00 4 Loans made in cash to policyholder on this companys policies assigned as collateral 13008 48 5 Premium notes loans or liens on policies in force 15125 54 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 1510808 42 7 Cash in companys office 700 00 8 Cash deposited in banks 206965 87 10 Agents ledger balances 112098 70 13 Total net or ledger assets 2179107 01 OTHER ASSETS 14 Interest due 4000 and accrued 397200 on mort gages 15 Interest accrued on bonds and stocks 18 Interest accrued on other assets Total carried out 23 Gross premiums due and unreported on policies in force December 31 1906 24 Gross deferred premiums on policies in force De cember 31 1906 Totals 25 Deducting loading 20 per cent 26881 33 7006 56 23054 72 12384 87 33887 89 35439 59 6777 58 7087 91 4012 00 21466 36 218 53 25696 89 26 Net amount of uncollect ed and deferred pre miums 2711031 2835168 27 Furniture fixtures and safes 5546i 99 10611 55 28 Total assets as per the books of the company 2270877 44432 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 2 Furniture fixtures and safes 10611 55 5 Agents balances 112098 70 Total 122710 25 9 Total assets less items not admitted 2148167 19 VLIABILITIES 1 Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing to the American table of mor tality with three per cent interest Deduct net value of risks of this com pany reinsured in other solvent com panies 571788 00 3369 00 Net reinsurance reserve s Total policy claims 13 Amount due on account of salaries rents and office expenses 16 Amount of any other liability of the company viz Premiums paid in advance less loading 20 per cent Commission due to agents on premium notes when paid 17 Capital stock 18 Surplus 19 Total liabilities Number and amount of policies on the lives of No citizens of Georgia in force December 31 of previous year 494 Number and amount of policies on the lives of citizens of Georgia issued during the year 393 Total Deduct number and amount which have ceased to be in force during the year 235 568419 00 17000 00 3634 80 1945 65 1138 37 1000000 00 556029 37 2148167 19 Amount 629300 00 502520 00 1131820 00 249000 00 Total number and amount of policies in force in Georgia December 31 1906 Amount of losses and claims on policies in Geor gia incurred during the year 652 882820 00 16610 00 Total 12 16610 00COMPTROLLERGENERALS REPORT 433 Amount of losses and claims on policies in Geor gia paid during the year 8 Amount of premiums collected or secured in Georgia dur ing the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 9610 00 39772 Ot RESERVE LOAN LIFE INSURANCE COMPANY OF INDIAN APOLIS IND Chalmers Brown President Wm K Bellis Secretary Principal OBice 300 to 310 Saks Building Indianapolis Ind Wm A Wright Atlanta Attorney for Service in Georgia CAPITAL STOCK Amount of net or ledger assets Decem ber 31 of previous year 146044 37 Extended at 14604413 IIINCOME DURING YEAR 1906 1 Cash received for premiums on new policies without deductions for commissions or other expenses ii Cash received for renewal premiums without deduc tions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2 Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums 44 From surrender values applied to purchase paid up insurance 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 19 From all other sources viz Investment Ex 12510 survivorship dividends 54000 error account 88c understatement of age 14085 136356 62 270679 61 217265 79 30793 43 21229 83 4914 97 681240 25 14562 08 766 00 57009 19 915 05 806 83 Total income 755299 40 28 in434 COMPTROLLERGENERALS REPORT 9 9l 11 T3 IS 17 18 19 22 23 24 26 27 29 IIrDISBURSEMENTS FOE THE YEAR I90C Cash paid for death claims including revisionary ad ditions Premium notes loans or liens voided by lapse Premium notes loans or liens used in payment of dividends to policyholders Cash dividends applied to pay running premiums Surrender values paid in cash Surrender values applied to purchase paid up insurance and annuities Total paid policyholders 33089503 Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 11486641 renewals 440190 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees and inspection of risks Cash paid for salaries and all other compensation of officers and other home office employees Cash paid for taxes on investments Cash paid for insurance department fees and agents licenses 117227 municipal licenses 16271 Cash paid for rent Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 116404 printing 4 43504 Cash paid for legal expenses Cash paid for the following items viz Postage 1 52500 miscellaneous expenses 171588 Total miscellaneous expenses 324088 42700 00 5337 71 50 00 21229 83 256662 52 4914 97 119268 31 32269 90 8462 00 42265 10 374 85 1334 98 5147 63 1255 25 5599 08 539 25 3240 88 30 Total disbursements 556856 36 IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 410390 00 4 Loans made in cash to policyholders on this com panys policies assigned as collateral 1123020 10 5 Premium notes loans or liens on policies in force of which 1147021 was received during the year 21933 44 6 Cost value of stocks and bonds owned excluding ac crued interest at time of purchase 29908 00 7 Cash in companys office 3904 52 8 Cash deposited in banks 58331 56 10 Agents ledger balances of which 400748 was ad vanced during the year 1139679 13 Total 165888441COMPTROLLERGENERALS REPORT 435 OTHER 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 23 Gross premiums due and unreported on policies in force December 31 1906 24 Gross deferred premiums on policies in force De cember 31 1906 i New Business 62247 03 i Renewals 15328 96 Totals 6224703 2901065 25 Deduct loading 60 per cent on new and 20 per cent on renewals 39348 22 5802 13 3650 91 299 00 5710 63 477 57 26 Net amount of uncollect ed and deferred premi ums 2489881 2320852 4810733 27 Furniture fixtures and safes 4000 00 28 Total assets as per the books of the company 1721129 85 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 30000 secured H Premium notes and loans on policies and net premiums per item 26 in ex cess of the net value of their policies and book value of assets over market value 4000 00 11096 79 23467 05 Total 38563 84 9 Total assets less items not admitted 168256601 LIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest jf 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 1535763 00 4500 00 2200 00436 COMPTROLLERGENERALS REPORT n Amount due on account of salaries rents and office 324S 39 expenses 0 to oy 16 Amount of all other liability of the company viz Premiums paid in advance 99252 unearned in terest paid in advance 1424602 15238 54 17 Liabilities on policyholders account 1560946 93 18 Gross surplus on policyholders account 121619 08 19 Total liabilities 168256601 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of ctizens of Georgia in force December 31 of previous year 43 9000 00 Numb r and amount of policies on the lives of citizens of Georgia issued during the year 260 45599000 Total 303 58499000 Deduct number and amount which have ceased to be in force during the year 22 4833000 Total number and amount of policies in force in Georgia December 31 1906 28i 53666000 Amount of premiums collected or secured in Georgia dur ing the year in cash 1566237 and notes or credits 5659668 without any deduction for losses dividends commissions or other expenses 7225905 ROME INDUSTRIAL LIFE INSURANCE COMPANY ROME GEORGIA Sproull Fouche President John M Graham Secretary Principal Office Rome Ga ICAPITAL STOCK I Amount of capital stock paid up in cash 10000000 Extended at 10000000 IIINCOME DURING YEAR 1907 Total income 950 96COMPTROLLERGENERALS REPORT 437 IVASSETS AS PER LEDGER ACCOUNT 2 Loans on mortgage first liens on real estate 95500 96 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 545000 1 Total net or ledger assets VLIABILITIES 14 Amount due by the company for borrowed money 950 96 1 g Total liabilities 950 96 100950 96 SECURITY LIFE AND ANNUITY COMPANY OF AMERICA V O Johnson President Henry C Brown Secretary Principal Office Majestic Building Chicago 111 ICAPITAL STOCK I Amount of capital stock paid up in cash Decem ber 31 1906 118650 00 Amount of net or ledger assets De cember 31 of previous year 518162 07 Increase of capital during 1906 2310000 Extended at 541262 07 IIINCOME DURING THE YEAR 1 Cash received for premiumson new policies without deductions for com missions or other expenses 85711 62 12 Cash received for renewal premiums without deductions for commissions or other expenses 247019 60 2 Premium notes loans or liens taken in part payment for premiums on new policies 3711 39 2 Premium notes loans or liens taken in part payment for renewal pre miums 7184 83 4 Health premiums 555 96 4J From surrender values applied to pur chase paid up insurance and annuities 373 34438 COMPTROLLERGENERALS REPORT 5 Consideration for annuities other than matured installment policies 6000 00 Total 350556 74 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New busi ness 229065 renewals 412587 641652 7 Total premium income 344I4 22 8 Cash received for interest cm mortgage loans 455 33 9 Cash received for interest on bonds owned and divi dends on stock 75I5 65 to Cash received for interest on premium notes loans or liens 790 20 11 Cash received for interest on other debts due the com pany 172301 19 From all other sources viz Stock options 59307 correction in advance dividend loans 451250 special commission 39950 surplus from stock holders 3748200 Munich Reinsurance Co 83965 43826 65 Total income 405631 06 IIIDISBURSEMENTS FOR THE YEAR I906 I Cash paid for death claims including reversionary ad ditions 36996 18 8 Cash paid to annuitants 57 22 10 Cash board contract dividends paid policyholders 940882 13 Surrender values paid in cash 4423 11 15 Surrender values applied to purchase paid up insurance and annuities 373 34 15a Health indemnities 537 5 Total paid policyholders 9272617 17 Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 5340013 renewals 1178325 65183 38 18 Cash paid for salaries and allowances to managers and agents 8575 5i 19 Cash paid for medical examiners fees 475763 in spection of risks 123899 599662 20 Cash paid for salaries and all other compensation of officers and other home office employees 36336 94 23 Cash paid for insurance department taxes fees and agents licenses 947041 examination expenses 150810 1097851 24 Cash paid for rent 10657 24COMPTROLLERGENERALS REPORT 439 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 439089 printing 5 43039 postage 141001 28 Cash paid for legal expenses 29 Cash paid for the following items viz Agency super vision and traveling expenses Miscellaneous Officee xpenses 513598 loss in agents accounts 66398 premiums paid in advance ap plied to fund in 1906 93800 loss on sale of ledger assets 600000 4392 09 11231 29 2538 38 23567 81 12737 93 30 Total disbursements 284921 87 IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 44000 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 25000 00 4 Loans made in cash to policyholders on this com panys policies assigned as collateral 9346 29 5 Premium notes loans or liens on policies in force 10896 22 6 Cost value of stocks and bonds owned excluding ac crued interest at time of purchase 245726 06 7 Cash in companys office 1212 51 8 Cash deposited in banks on interest 61037 99 9 Bills receivable 1265 00 10 Agents ledger balances 37616 09 Advance dividend loans 225871 10 11 Total net or ledger assets 661971 26 12 Deduct depreciation from cost of assets to bring same to market value 2756 06 13 Total net or ledger assets less depreciation 659215 20 OTHER 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 23 Gross premiums due and unreported on policies in force December 31 1906 24 Gross deferred premiums on policies in force De cember 31 1906 New Business 4360 53 Renewals 36416 77 2277 50 14841 85 Totals 7638 03 51258 62 791 67 i497 73 125 00 200 00440 COMPTROLLERGENERALS REPORT 25 Deducting loading 70 per cent on new and 12 per cent on renewals 5344 61 6407 33 26 Net amount of uncollect ed and deferred premi ums 229342 4485129 28 Total assets as per the books of the company ITEMS NOT ADMITTED 5 Agents balances 376i6 09 6 Premiums notes not secured by re serve 37H 39 7 Bills receivable 915 00 Total Net reinsurance reserve 5 Claims for death losses and matured endowments no proofs received 6 Claims for death losses and other policy claims re sisted by the company to Amount of all unpaid dividends of surplus or other description of profits due policyholders 16 Amount of all other liability of the company viz Unearned health premiums 26934 Munich reinsur ance fund 135377 reinsurance due and unpaid 21408 17 Liability on polkyhoklers account 18 Gross surplus on policyholders account 47H4 71 708974 31 42242 48 9 Total assets less items not admitted 666731 83 VLIABILITIES 1 Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing to the American exp table of mortality with 3 per cent interest 436437 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 4022 00 432415 00 1000 00 3000 00 4500 00 1837 19 442752 19 223979 64 19 Total liabilities 666731 83COMPTROLLERGENERALS REPORT 441 SECURITY LIFE AND ANNUITY INSURANCE COMPANY J Van Lmdley President Gee A Grimsley Secretary Principal Office No 119 Elm Street Greensboro N C Chas D Ray Macon Attorney for Service in Georgia ICAPITA STOCK I Amount of capital stock paid up in cash guaranty capital 100000 00 Amount of net or ledger assets De cember 31 of previous year 16734670 267346 70 Extended at Y IIINCOME DURINC YEAR I0C6 I Cash received for premiums on new policies without deductions for com missions or other expenses ij Cash received for renewal premiums without deductions for commissions or other expenses 2i Premium notes loans or liens taken in part payment for renewal pre miums 5 Consideration for annuities other than matured installment policies 140171 22 117974 20 39194 90 19275 00 Total 3i66iS 32 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New busi ness 61531 renewals 30380 919 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany Collateral loans 13 Cash received for rents for use of companys property including 120000 for companys own occupancy 315696 21 2537 83 240 10 2773 28 1838 26 1260 00 Total income 324345442 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS I Cash paid for death claims including reversionary ad ditions 8 Cash paid to annuitants 13 Surrender values paid in cash Total paid policyholders 7433971 17 Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 8740162 renewals 995467 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1762650 inspection of risks 32400 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent 27 Cash paid for advertising 260964 printing and sta tionery 242073 postage 147962 28 Cash paid for legal expenses 29 Cash paid for the following items viz General ex penses 248164 loss and gain 57751 30 Total disbursements ct 73822 81 8250 00 516 90 97356 29 2001 92 17950 50 11625 54 344 26 2686 79 1200 00 6509 99 400 00 3059 15 225724 15 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incum brances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or othei marketable collaterals 4 Loans made in cash to policyholders on this com panys policies assigned as collateral 5 Premium notes loans or liens on policies in force 6 Cost value of stocks and bonds owned excluding ac crued interest at time of purchase 7 Cash in companys office 8 Cash deposited in bank 10 Agents ledger balances 13 Total net or ledger assets 15409 49 84850 00 44409 78 8286 22 39194 90 27610 12 799 69 36143 50 7728 20 1536 33 100000 00 365968 23COMPTROLLERGENERALS REPORT OTHER ASSETS 14 Interest due 4500 and accrued 49852 on mort gages 15 Interest accrued on bonds and stocks 16 Interest due 2625 and accrued 45186 on collateral loans 17 Interest due 33229 and accrued 26180 on pre miums notes loans or liens 20 Market value of real estate over cost 23 Gross premiums due and unreported on policies in force December 31 1906 7T33 22 Renewals 24 Gross deferred premiums on policies in force December 31 1906 4028 66 Totals 25 Deduct loading 11161 88 1674 28 26 Xet amount of uncollected and de ferred premiums 9487 60 462 91 28 Total assets as per the books of the company ITEMS NOT ADMITTED 443 543 52 149 98 478 11 549 09 ooo 00 9950 51 382684 44 2 Furniture fixtures and safes 5 Agents balances Total 9 Total assets less items not admitted 1536 33 7728 20 9264 53 373419 91 VLIABILITIES 1 Xet present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing to the actuaries table of mor tality with 4 per cent interest Deduct net value of risks of this com pany reinsured in other solvent com panies 161437 00 558 00 Net reinsurance reserve 160849 00 6 Claims for death losses and other policy claims re sisted by the company 5000 00 7 Present value of amounts not yet due on supplemen tary contracts 36837 00444 COMPTROLLERGENERALS REPORT 9 Amount of trust funds held by the company for con tingent annuities 17 Liabilities on policyholders account if 18 Gross surplus on policyholders account 19 Total liabilities 59053 00 120945 44 382684 44 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia issued during the year 152 277300 00 Amount of premiums collected or secured in Georgia dur ing the year in cash and notes or credits without any deduction for losses commissions or other expenses 9767 26 SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Charles M Turner President Charles A LaDue Registrar Principal Office Binghamton N Y W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 3571747 56 Extended at 3571747 56 IIINCOME DURING YEAR I906 I Cash received for premiums on new policies without deductions for commissions or oth er expenses 296277 48 3 From dividends applied to purchase paidup additions and annuities 1148 87 Total 297426 35 7 Total premium income 1677856 24 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 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property in cluding 1500000 for companys own occupancy 15427 60 28085 89 84742 03 2007 22 i933 60 41276 80 COMPTROLLERGENERALS REPORT 16 From interest on deposits 17 Premium notes loans or liens restored by revival of poli cies 18 Consideration for supplementary contracts not involving life contingencies 19 From all other sources viz Registration fees 194700 bills receivable i9SOoo age lien payments 1657 pol icy liens new notes 312693 exchange 76602 445 3iS2 S3 104 94 3198 00 7806 52 Total income 1865591 37 10 11 12 13 14 16 17 20 22 23 24 25 26 27 28 29 IIIDISBURSEMENTS FOR THE YEAR I906 Cash paid for death claims including reversionary additions Cash paid to annuitants Premium notes loans or liens used in purchase of surren dered policies voided by lapse Cash dividends paid policyholders Cash dividends applied to pay running premiums Cash dividends applied to purchase paidup additions and annuities Surrender values paid in cash Surrender values applied to pay running premiums Total paid policyholders 655408 29 Claims paid on supplementary contracts not involving life contingencies Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 21621391 re newals 9756790 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 2428900 inspection of risks 892196 Cash paid for salaries and all other compensation of officers and other home office employees Cash paid for taxes on real estate Cash paid for insurance department fees and agents li censes Cash paid for rent including 1500000 companys occupan cy Cash paid for agency supervision traveling and other agency expenses Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 866897 printing 797817 postage 868936 Cash paid for real estate expenses other than taxes 17 58972 for legal expenses 773154 Cash paid for the following items viz General office ex 587744 01 292 57 3374 90 647 50 15399 23 1148 87 46728 73 72 48 650 00 313781 81 90504 23 33210 96 81104 19 14948 40 30456 87 28353 40 31246 48 1923 72 25336 50 25321 26 44H COMPTROLLERGENERALS REPORT penses 625592 investigation 508934 premiums on bonds 1132290 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNT 22668 16 1354914 27 1 Cost value of real estate exclusive of all incuinbrances 697750 81 2 Loans on mortgage first liens on real estate 308475 00 4 Loans made in cash to policyholders on this companys pol icies assigned as collateral 1630800 08 5 Premium notesloans or liens on policies in force of which 36521 was received during the year 26398 55 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 1064208 00 7 Cash in companys office 720356 Southern department 100000 8203 56 8 Cash deposited in banks not on interest 30300 77 9 Bills receivable 1950 00 10 Agents ledger balances 129633 65 Deposited in banks on interest 184704 24 13 Total net or ledger assets 4082424 66 OTHER ASSETS 14 Interest due 56100 and accrued 515189 on mortgages 15 Interest accrued on bonds and stocks 17 Interest accrued on premiums notes loans or liens 18 Interest accrued on other assets 19 Rents accrued on company property or lease Totals 25 Deducting loading 20 per cent S712 89 6746 66 39124 07 582 40 716 64 Total carried out 20 Market value of real estate over cost 23 Gross premiums due and 1111 reported on policies in force New Business Renewals December 31 1906 5184 07 97280 22 24 Gross deferred premiums on policies in force December 3i 1906 11151 19 109978 43 16335 26 207258 65 3267 05 4451 73 26 Net amount of uncollected and deferred premiums 1306821 1658069 28 Total assets as per the books of the company 52882 7S 22293 43 178875 13 433M75 97COMPTROLLERGENERALS REPORT 447 ITEMS NOT ADMITTED 4 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies 66423 43 5 Agents balances 129633 65 7 Bills receivable 1950 00 8 Bonds 47878 00 Total 245885 08 9 Total assets less items not admitted 4090590 89 VLIABILITIES I Net present value of all the outstanding policies in force on the 31st day of December 1906 computed according to the actuaries and American tables of mortality with 4 3 and 34 per cent interest 3406266 00 3 Claims for death losses which have been reported and no proofs received 30306 23 5 Claims for death losses in process of adjustment or adjust ed and not due g 30 6 Claims for death losses and other policy claims resisted by the company 4000 00 10 Present value of amounts not pet due on supplementary contracts not involving life contingencies computed by the comPany 38146 00 12 Liabilities on policies cancelled upon which a surrender may be demanded IS9I4 13 Amount due on account of salaries rents and office ex Penses 17289 93 16 Amount of any other liability of the company viz Premi ums paid in advance 679074 building account 13 47500 commissions due agents on premium notes when paid 91980 2Il8s M 18 Gross surplus on pohcyholders account 543642 89 19 Total liabilities 409059089 Business in the State of Georgia during the year Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1515 268548064 Number and amount of policies on the lives of citizens of Georgia issued during the year 4 308245 23 Total 1679 2993725 87 448 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during the year 208 356643 43 Total number and amount of policies in force in Georgia December 31 1906 1471 2637082 44 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 5300 00 Amount of losses and claims on policies in Georgia incurred during the year 17 44458 86 Total 18 49758 86 Amount of losses and claims on policies in Georgia paid during the year 18 48888 86 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 71307 18 SOUTHERN STATES MUTUAL LIFE INSURANCE COMPANY OF WEST VIRGINIA Harrison B Smith President J D Baines Secretary Principal Office Charleston W Va Brutus J Clay Atlanta Attorney for Service in Georgia ICAPITA STOCK 1 Amount of capital stock paid up in cash Extended at 250000 00 250000 00 IIINCOME DURING YEAR I906I907MARCH 31 I Cash received for premiums on new policies without deduc tions for commissions or other expenses 42253 21 ii Cash received for renewal premiums without deductions for commissions or other expenses 450 00 8 Cash received for mortgage loans 2050 75 9 Cash received for interest on bonds owned and dividends on stock 2150 00 10 Cash received for interest on premium notes loans or liens 40 95 11 Cash received for interest on other debts due the company 3160 29 19 From all other sources viz Surplus paid up in cash 50000 00 Total income 100105 20 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS FOR THE YEAR I906I907MARCH 31 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 122000 inspection of risks 9350 20 Cash paid for salaries and all other compensation of officers and other home office employees 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 176477 printing 286138 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage 57821 and general expenses home office 197584 organization expenses 102388 total 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNT 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other market able collaterals 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 advanced during the year 13 Total net or ledger assets OTHER ASSETS 14 Interest due 167544 and accrued 164225 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 127 and accrued 904 on premium notes loans or liens 18 Interest accrued on other assets 19 Rents due 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 29 in 449 15003 76 2069 09 i3T3 50 23444 46 631 87 1841 25 1588 54 4626 15 5 00 2999 72 53523 34 5000 00 118625 83 45600 00 2361 04 83000 00 301 01 39854 23 611 9a 1227 85 296581 86 3317 no 1266 67 1318 31 10 31 20 71 75 00 2500 00 1000 00 450 COMPTROLLERGENERALS REPORT 23 Gross premiums due and unreported on poli New Business cies in force December 31 1906 185 58 24 Gross deterred premiums on policies in force December 31 1906 933 39 Totals 1118 97 25 Deduct loading 832 31 26 Net amount of uncollected and deferred premiums 28 Total assets as perthe books of the company ITEMS NOT ADMITTED 7 Premium notes of which 107288 was collected in April 9 Total assets less items not admitted vliabilities 1 Net present value of all the outstanding poli cies in force on the 31st day of March 1907 computed according to the American experience able of mortality with 3i per cent interest special reserve 2400 1293948 Deduct net value of risks of this company re insured in other solvent companies 49 50 Net reinsurance reserve 13 Amount due on account of salaries rents and other ex penses 16 Amount of any other liability of the company viz Premi ums paid in advance 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 286 66 306377 21 1277 96 305099 25 12889 08 1264 16 527 48 14681 62 290417 63 305099 25COMPTROLLERGENERALS REPORT 451 SOUTHERN LIFE INSURANCE COMPANY OF NORTH CAROLINA E H Williamson President Jno A Oates Secretary Principal Office Fayetteville N C Neill McQueen Ludowici Attorney for Service in Georgia rCAPITAL STOCK 1 Amount of capital stock paid up in cash 162320 00 2 Amount of capital subscribed but unpaid 4180 00 Amount of net or ledger assets December 31 of previous year Increase of capital during 1906 106089 15 61070 00 Extended at IIINCOME DURING YEAR 1906 1 Cash received for premiums on new policies without deductions for commissions or oth er expenses 76290 06 1 Cash received for renewal premiums with out deductions for commissions or other expenses 15515 32 2 Premium notes loans or liens taken in part payment for premiums on new policies 5226 20 2J Premium notes loans or liens taken in part payment for renewal premiums 900 00 4 From surrender values applied to pay run ning premiums 36 83 4 From surrender values applied to purchase paidup insurance and annuities 786 12 Total 98754 53 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1455 52 7 Total premium income 8 Cash received for interest on mortgage loans 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the company 15 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks 19 From all other sources viz Premium stock sold 312500 suspense 197483 167159 15 97299 01 4852 10 114 82 i953 49 10482 64 5099 83 Total income 119801 8i452 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS FOB THE YEAR I906 1 Cash paid for death claims including reversionary additions 9 Premium notes loans or liens voided by lapse 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities 17 Cash paid for commissions and bonuses to agents less com missi n on reinsurance new policies 4069379 renew als 1428 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 21 Cash paid for taxes on new premiums 23 Cash paid for insurance department fees and agents li censes 84788 municipal licenses 30000 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 71444 printing 324226 post age 65880 28 Cash paid for legal expenses 29 Cash paid for the following items viz Office expense 1 52803 paid for claims on supplementary contracts 46 50 agency supervision traveling expenses etc 428816 30 Total disbursements IVASSETS AS lER LEDGER ACCOUNT 2 Loans on mortgages first liens on real estate 4 Loans made in cash to policyholders1 on this companys poli cies 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 Time deposits on interest 2400675 furniture and fix tures 198616 13 Total net or ledger assets OTHER ASSETS 14 Interest due and accrued on mortgages 11500 00 1073 60 3 83 418 89 785 12 40708 07 11924 17 8430 50 9228 30 200 00 114 88 455 11 1986 16 46i5 SO 222 60 5812 69 84780 98 107750 66 1611 86 6126 20 1500 00 44872 72 496 43 25992 91 190350 78 1197 14COMPTROLLERGENERALS REPORT 453 IS Interest due and accrued on bonds and stocks 45 qq 17 Interest due and accrued on premiums notes loans or liens 16 23 23 Gross premiums due and un reported On policies in force New Business Renewals December 31 1906 17975 59 4647 79 24 Gross deferred premiums on policies in force December 3I I96 3997 04 591 12 Totas 21972 63 5238 91 25 Deducting loading 49 per cent on new and 17 per cent on renewals mj66 58 890 61 26 Net amount of uncollected and deferred premiums 11206 05 4348 30 15654 35 28 Total assets as per the books of the company 207163 50 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 1986 16 5 Agents balances 2405 Total 9 Total assets less items not admitted 4482 59 202680 91 VLIABILITIES Net present value of all the outstanding poli cies in force on the 31st day of December 1906 computed according to the actuaries table or mortality with 4 per cent interest Deduct net value of risks of this company re insured in other solvent companies 34410 00 597 00 process Net reinsurance reserve 5 Claims for death losses and matured endowments in of adjustment or adjusted and not due 13 Amount due on account of salaries rents and office expenses 16 Amount of any other liability of the company viz Premi ums paid in advance 47877 suspense 197483 33813 00 1000 00 2500 00 2453 60 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 39766 60 162914 31 202680 91454 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year No Amount Total number and amount of policies on the lives of citizens in Georgia issued during the year 106 234500 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 8562 87 SOUTHERN STATES LIFE INSURANCE COMPANY OF ALABAMA Wilmer L Moore President Frank Orme Secretary Principal Office Atlanta Ga ICAPITAL STOCK I Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets May 1 1906 150000 00 Extended at 150000 00 IIINCOME DURING YEAR IOX6 I Cash received for premiums on new policies without deduc tions for commissions or other expenses ij Cash received for renewal premiums paid in advance without deductions for commissions or other expenses 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 11 Cash received for interest on oilier debts due the company 19 From all other sources viz Premiums paid in advance on applications notyet approved 80638 96 54 T 1096 06 2557 24 295 29 1711 22 Total income 86353 52 IIIDISBURSEMENTS FOR THE YEAR I906 i Cash paid for death claims including reversionary additions 1000 00 17 Cash paid for commissions and bonuses to agents less com missions on reinsurance new policies 8278 29 18 Cash paid for salaries and allowances to managers and agents 1064 51 19 Cash paid for medical examiners fees 66129 inspection of risks 20135 862 64 20 Cash paid for salaries and all other compensation of officers and other home office employees 414963 agency super vision traveling and other agency expenses 179490 5944 53COMPTROLLERGENERALS REPORT 455 23 Cash paid for insurance department fees and agents and municipal licenses 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 60085 printing 48905 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage investment expenses express telephone telegraph and miscellaneous home office expenses Total miscellaneous expenses 19601 83 292 01 313 II 653 80 1089 90 371 95 731 09 30 Total disbursements 20601 83 IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate3 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 13 Total net or ledger assets 62950 00 109462 76 2746 04 40592 89 215751 69 OTHER ASSETS 14 Interest accrued on mortgages 15 Interest due 2500 and accrued 109034 on bonds and stocks 18 Interest accrued on bank deposits 23 Gross premiums due and unreported on poli New Business cies in force December 31 1906 6883 66 24 Gross deferred premiums on policies in force December 31 1906 2 278 22 Totals 25 Deducting 95 per cent loading 9161 88 2313 59 26 Net amount of uncollected and deferred premiums 28 Total assets as per the books of thecompany 328 01 1US 34 129 08 6848 29 224172 41 VLIABILITIES I Net present value of all the outstanding policies in force on the 31st day of December 1906 computed according to the American experience table of mortality with 3i per cent interest 54609 61456 COMPTROLLERGENERALS REPORT 16 Amount of any other liability of the company viz Premi ums paid in advance l75 7 17 Liabilities on policyholders account 56375 5 18 Gross surplus on policyholders account 167796 83 19 Total liabilities 224172 41 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia issued during the year 446 1954000 00 Deduct number and amount which have ceased to be in force during the year 6 31000 00 Total number and amount of policies in force in Georgia December 31 1906 440 192300000 Amount of losses and claims on policies in Georgia in curred during the year l l Amount of losses and claims on policies in Georgia paid during the year 1 iX 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses dividends commissions or other expenses 70616 07 SOUTH ATLANTIC LIFE INSURANCE COMPANY OF VIRGINIA E Strudwick President B W Lacey Jr Secretary Principal Office Corner 9th and Mam Streets Richmond Va William A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK I Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous year 386946 42 Extended at 386946 42 IIINCOME DURING THE YEAR I Cash received for premiums on new policies without deductions for commissions or other expenses 22546 00 1 Cash received for nenewal premiums with out deductions for commissions or other expenses 92632 70COMPTROLLERGENERALS REPORT 457 3 From dividends applied to pay running pre miums 1207 35 Total 116386 95 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 63299 re newals 537070 3 9 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 14 Cash received for profits on sale of bonds or stocks 19 From all other sources viz Sale of furniture Total income 110383 26 3726 52 8254 67 877 60 6094 23 74 65 12 00 129422 93 IIIDISBURSEMENTS FOR THE YEAR 1906 I Cash paid for death claims including reversionary additions 21500 00 9 Premium notes loans or liens used in purchase of surren dered policies voided by lapse 4887 29 II Cash dividends applied to pay running premiums 1207 35 13 Surrender values paid in cash 2302 34 Total paid policyholders 29896 98 17 Cash paid for commissions and bonuses to agents less newals 310712 12346 42 18 Cash paid for salaries and allowances to managers and agents 348i 00 19 Cash paid for medical examiners fees 229500 inspection of risks 20107 2496 07 20 Cash paid for salaries and all other compensation of officers and other home office employees 10007 85 23 Cash paid for insurance department fees and agents li censes 3411 85 24 Cash paid for rent 1081 66 27 Cash paid for advertising 19436000 printing 138011 3323 71 28 Cash paid for legal expenses 192 34 29 Cash paid for the following items viz Postage 59703 sale U S bond 79544 office expenses 79909 2191 56 Total miscellaneous expenses 38532 46 30 Total disbursements 68429 44 IVASSETS AS PER EEDGER ACCOUNTS 2 Loans on mortgage first and second liens on real estate 91770 00458 COMPTROLLERGENERALS REPORT 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 6 Cost value of bonds and stocks owned excluding interest accrued 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 14 Interest accrued on mortgages 15 Interest due 12500 and accrued 189582 on bonds and stocks 16 Interest accrued on collateral loans 18 Interest accrued on other assets Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and im ported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 1906 New Business 5665 78 976 66 Totals 25 Deducting loading 60 per cent on new and 20 per cent on renewals 6642 44 3485 46 130S 42 2020 82 312 50 13 78 Renewals 5942 40 2704 01 8486 41 1729 28 26 Net amount of uncollected and deferred premiums 2656 9S 6917 13 27 Furniture fixtures and safes 235811 printing and sta tionery 328200 28 Total assets 65650 00 15085 29 2511 75 24i777 34 2377 46 12025 70 16742 37 447939 91 3655 72 n5i7 66 9574 11 5640 11 478327 51 ITEMS NOT ADMITTED 2 Printing matter 328200 furniture fixtures and safes 235811 5 Agents balances Total 9 Total assets less items not admitted 5640 11 16742 37 22382 48 455945 03COMPTROLLERGENERALS REPORT 459 VLIABILITIES I Net present value of all the outstanding pol icies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 34per cent inter est 236673 00 Deduct net value of risks of this company reinsured in other solvent companies 12088 00 Net reinsurance reserve 224585 00 16 Amount of any other liability of the company viz Out standing bills unearned interest and rent paid in advance commissions due to agents on premium notes when paid salaries rents office expenses taxes bills accounts bo nuses commission medical and legal fees 3260 25 18 Gross surplus on policyholders account 228099 78 19 Total liabilities 455945 03 STATE MUTUAL LIFE INSURANCE COMPANY C R Porter President A C Wadsworth Secretary Principal Office Rome Ga ICAPITAL STOCK Extended at IIINCOME DURING YEAR I906 1 Cash received for premiums on new policies without deductions for com missions or other expenses 795120 40 ii Cash received for renewal premiums without deductions for commissions or other expenses 196887 62 2 Premium notes loans or liens taken in part payment for premiums on new policies 992008 02 3 From dividends applied to pay running premiums 4476 80 3I From dividends applied to purchase paid up additions and annuities 7 5 4I From surrender values applied to pur chase paid up insurance and annuities 236 04 Total 996728 36 368367 01 460 COMPTROLLERGENERALS REPORT 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New busi ness 14076 45 7 Total premium income 982651 91 8 Cash received for interest on mortgage loans 9677 78 9 Cash received for interest on bonds owned and divi dends on stock 415 9J io Cash received for interest on premium notes loans or liens 81928 II Cash received for interest on debts due the com pany 272 18 13 Cash received for rents for use of companys property including 150000 for companys own occupancy 1565 57 17 Premium notes loans or liens restored by revival of policies 2549 21 19 Prom all other sources viz Commuted renewal commissions 726 90 Total income 1008 052 27 IIIDISBURSEMENTS FOR THE YEAR HJ06 I Cash paid for death claims including reversionary ad ditions 9 Premium notes loans or liens voided by lapse 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paid up additions and annuities 1 Surrender values paid in cash 15 Surrender values applied to purchase paid up insur ance and annuities Total paid policyholders 5949663 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 60215779 renewals 15777 18 Cash paid for salaries and allowances to managers and agents 1134999 traveling expenses 14 72539 10 Cash paid for medical examiners fees 3210995 in spection of risks 72000 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums and renewals 22 Taxes paid on investments 27 Cash paid for insurance department fees and agents licenses 217257 municipal licenses 264603 24 Cash paid for rent including 150000 companys occu pancy 398co 00 7586 49 4476 80 7 50 7389 8o 236 04 2 S 56 75 38 229 95 29060 70 3244 97 501 81 4818 60 4301 07COMPTROLLERGENERALS REPORT 461 25 Cash paid for State examination 661 94 26 Cash paid for furniture fixtures and safes for home and agency offices 4404 70 27 Cash paid for advertising 366081 printing 11 08402 14744 83 28 Cash paid for legal expenses 2902 28 29 Cash paid for the following items viz Postage 262417 fire insurance 16810 exchange and dis count 133658 office expenses 559154 972039 30 Total disbursements 795058 81 IVASSETS AS PER LEDGER ACCOUNT 1 Cost value of real estate exclusive of all incum brances 20316 12 2 Loans on mortgage first liens on real estate 91492 23 3 Loans secured by pledge of bonds stocks or other marketable collaterals 12000 00 4 Loans made in cash to policyholders on this com panys policies assigned as collateral 189222 84 5 Premium notes loans or liens on policies in force 2604 96 7 Cash in companys office 2658 84 8 Cash deposited in banks 62811 06 9 Bills receivable 5436 12 10 Agents ledger balances 71586 04 13 Total net or ledger assets 581360 47 OTHER ASSETS 14 Interest due 40393 and accrued 46933 on mortgages 873 26 15 Interest accrued on bonds and stocks 2185 00 16 Interest due 12753 and accrued 1 77666 1904 10 17 Interest due 1380 and accrued 2403 37 83 Renewals Total carried out 20 Market value of bonds and stocks over cost 23 Gross premiums due and New Business unreported on policies in force December 31 1906 185682 98 13362 43 24 Gross deferred premiums on policies in force De cember 31 1906 6190 34 Totals 185682 98 19552 77 5000 28 3500 00462 COMPTROLLERGENERALS REPORT 25 Deduct loading 741 per cent on new and 152 per cent on re newals 137642 06 2986 79 26 Net amount of uncollect ed and deferred pre miums 4804092 1656598 64606 90 28 Total assets as per the books of the company 654467 65 ITEMS NOT ADMITTED 5 Agents balances 7 Bills receivable 71586 04 543 i 9 Total assets less items not admitted VLIABILITIES I Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing 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 436867 98 5564 56 Xet reinsurance reserve 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 3 Amount due on account of salaries rents and office expenses 6 Amount of any other liability of the company viz Premiums paid in advance 10170 special reserve 1250000 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 77022 16 577445 49 431303 42 3500 00 760 85 12601 70 449165 97 128279 52 577 415 49 Business in the Stale of Georgia during tin year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 716 156900000 Number anil amount of policies on the lives of citizens of Georgia issued during the year 2440 8415151 00 Total 35 9984151 00COMPTROLLERGENERALS REPORT 463 Deduct number and amount which have ceased to be in force during the year Total number and amount of policies in force in Georgia December 31 1906 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year Amount of losses and claims on policies in Geor gia incurred during the year Total Amount of losses and claims on policies in Geor gia paid during the year Amount of premiums collected or secured in Georgia dur ing the year in cash and notes or credits without any deduction for losses dividends commissions or other ex penses 680 1923750 oc 2476 8060401 00 I ICOO 00 5 17700 00 6 18700 00 5 16200 00 355991 75 STATE LIFE INSURANCE COMPANY INDIANAPOLIS IND Andrew M Sweeney President Wilbur S Wynn Secretary Principal Office State Life Building Indianapolis Ind C V LeCraw Atlanta Attorney for Service in Georgia ICAriTAL STOCK Amount of net or ledger assets December 31 of pre viUS year 3844643 48 Extellded at 3844643 48 IIINC0ME DURING YEAR IO06 1 Cash received for premiums on new policies without deduction for commissions or other expenses ii Cash received for renewal premiums without deduc tions for commissions or other expenses 2i Premium notes loans or liens taken in partpay ment for renewal premiums 3 From dividends applied to pay running premiums see item 11 disbursements g 3i From dividends applied to purchase paidup additions 15861 83 9230 67 21282 3 130 00 720974 05 1677382 75 221681 84 and annuities see item 12 disbursements 4 From surrender values applied to pay running pre miums see item 14 disbursements 4i From surrender values applied to purchase paidup insurance and annuities 5 Consideration for annuities other than matured in stallment policies Total 275i905 01464 COMPTROLLERGENERALS REPORT 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 13 Cash received for rents for use of companys property 19 From all other sources viz 95696 84 2875 08 59806 83 3568 12 99902 48 1279 42 Total income 300562871 HIDISBURSEMENTS FOR THE YEAR 1906 I Cash paid for death claims including reversionary additions 483459 08 5 Cash paid for sums falling due during the year on installment policies 500 00 Total 483959 08 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured 2500008 7 9 10 11 13 14 15 i 19 21 j Total net amount actually paid for losses and ma tured endowments Premiums voided by lapse Cash dividends paid policyholders Cash dividends applied to pay running premiums see item 3 income Cash dividends applied to purchase paidup additions and annuities see item i income Surrender values paid in cash Surrender values applied to pay running premiums see item 4 income Surrender values applied to purchase paidup insur ance and annuities see item 4 income Total paid policyholders79219835 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 527 25331 renewals 18664672 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 2591314 in spection of risks 683896 Cash paid for salaries and all other compensation of officers and other home office employees Cash paid for taxes on new premiums and renewals Cash paid for taxes on reserves 5775 on invest ments 1165644 458959 08 50767 64 5146 26 85694 16 15861 83 145256 33 9230 67 21282 38 713900 02 32486 94 32752 10 131583 47 37057 85 21233 94 COMPTROLLERGENERALS REPORT 465 23 Cash paid for insurance department fees and agents licenses 807992 municipal licenses 230423 10384 IS 24 Cash paid for rent including 1160770 20855 9 26 Cash paid for furniture fixtures and safes for home and agency offices 4533 16 27 Cash paid for advertising 555997 printing 14 02063 19580 60 28 Cash paid for real estate expenses other than taxes 3121871 for legal expenses 1186124 4307995 29 Cash paid for the following items viz Postage 730798 traveling expenses 1772387 investment expenses 68000 miscellaneous expenses 540813 6088 13 Loss on sale of U S Government bonds 1610 03 Total miscellaneous expenses 108956808 30 Total disbursements 1883376 46 IVASSETS AS PER LEDGER ACCOUNT i Cost value of real estate exclusive of all incum brances 997614 98 2 Loans on mortgage first liens on real estate 2369106 50 3 Loans secured by pledge of bonds stocks or other marketable collaterals 5000 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1098983 83 5 Premium notes loans or liens on policies in force 64649 24 6 Cost value of bonds and stocks owned excluding ac crued interest at time of purchase 75378 72 7 Cash in companys office 8139 96 8 Cash deposited in banks 251672 94 10 Agents ledger balances 96349 56 13 Total net or ledger assets 4966895 73 OTHER ASSETS 14 Interest accrued on mortgagesj 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest accrued on premiums notes loans or liens 19 Rents accrued on companys property or lease Tota 33569 7i 400 00 27 50 6464 92 S9S 47 carried out 4IOS7 6o 20 Market value of real estate over cost 207153 08 21 Market value of bonds and stocks over cost 271 28 30 in46H COMPTROLLERGENERALS REPORT 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1906 24417572 15127787 24 Gross deferred premiums on policies in force De cember 31 1906 284085 4170093 Totals 24701657 19297880 25 Deducting loading actual per cent on new and 20 per cent on renewals 157483 44 38595 76 26 Net amount of uncollect ed and deferred pre miums 89533 13 15438304 24391617 28 Total assets as per the books of the company 5459293 86 ITEMS NOT ADMITTED 5 Agents balances 96349 56 9 Total assets less items not admitted 5362944 30 VLIABILITIES I Net present value of all the outstand ing policies in force on the 3Tst day of December T906 computed accord ing to the actuaries table of mortality with four per cent interest and Amer ican experience 3 per cent 450751500 Deduct net value of risks of this com pany reinsured in other solvent com panies 4675 00 Net reinsurance reserve 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 5 Claims for death losses and matured endowments in process of adjustment or atjlisted and not due 6 Claims for death losses and other policy claims resisted by the company 8 Present value of unpaid amounts on ma tured installment policies Total policy claims 4502840 00 9200 24 56000 00 39500 00 11919 00 116619 24COMPTROLLERGENERALS REPORT 467 ro Amount of all unpaid dividends of surplus or other description of profits due policyholders 2486 70 13 Amount due on account of salaries rents and office ex penses 3073469 16 Amount of any other liability of the company viz Premiums paid in advance 865913 interest paid in advance 2197867 30637 80 17 Liabilities on policyholders account 468331843 18 Gross surplus on policyholders account 679625 87 19 Total liabilities 5362944 30 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1540 4206253 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 535 1768570 00 Total 2075 5974 823 00 Deduct number and amount which have ceased to be in force during the year 391 1086200 00 Total number and amount of policies in force in Georgia December 31 1906 1684 4888623 00 Amount of losses and claims on policies in Geor gia unpaid December 31 of previous year 5000 00 Amount of losses and claims on policies in Georgia incurred during the year 11 28000 00 Total 12 33000 00 Amount of losses and claims on policies in Geor gia paid during the year 10 27000 00 Amount of premiums collected or secured in Georgia dur ing the year in cash 14054779 and notes or credits 1163028 without any deduction for losses dividends commissions or other expenses 152178 774i8 COMPTROLLERGENERALS REPORT STATE MUTUAL LIFE ASSURANCE CO WORCESTER MASS A G Bullock President H M Witter Secretary Principal Office 340 Main Street Worcester Mass Wm A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK Amount of net or ledger assets Decem ber 31 of previous year 25530473 2S Extended at 25530473 25 IIINCOME DURING YEAR IC6 I Cash received for premiums on new policies without deductions for com missions or other expenses 47124494 Cash received for renewal premiums without deductions for commissions or other expenses 3529794 15 3 From dividends applied to pay running premiums see item 11 disbursements 396533 75 3i From dividends applied to purchase paidup additions and annuities see item 12 disbursements 122754 99 5 Consideration for annuities other than matured installment policies 11827 50 Total 4532i55 33 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 926898 renewals 6079340 70062 38 7 Total premium income 4462092 95 8 Cash received for interest on mortgage loans 172677 35 9 Cash received for interest on bonds owned and divi dends on stock 75L576 80 10 Cash received for interest on premium notes loans or liens 12073240 11 Cash received for interest on other debts due the company 60267 38 12 Cash received as discount on claims paid in advance 776 86 13 Cash received for rents for use of companys prop erty including 20000 for companys own occu pancy 1226647 44 14 Cash received for profits on sales of bonds or stocks 3056904 real estate 161000 3217904COMPTROLLERGENERALS REPORT 469 19 From all other sources viz Bond company on G R Grisvold shortage 157369 policies of re insurance surrendered to other companies 1 06467 263836 Consideration for supplementary contracts not involv ing life contingencies 20683 61 Tot al income 5744241 40 IIIDISBURSEMENTS FOR THE YEAR 1906 I Cash paid for death claims including reversionary ad ditions 5 3 Cash paid for matured endowments and additions thereto 1254733 26 423269 38 7 Total net amount actually paid for losses and matured endowments 167800264 8 Cash paid to annuitants 4026 44 9 Premiums voided by lapse 1893 00 10 Cash dividends paid policyholders 30127 19 11 Cash dividends applied to pay running premiums see item 3 income 396533 75 12 Cash dividends applied to purchase paidup additions and annuities see item 3J income 122754 99 13 Surrender values paid in cash 541399 75 Total paid to policyholders 277473776 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 223 69748 renewals 21640967 440107 15 18 Cash paid for salaries and allowances to managers and agents 74271 03 19 Cash paid for medical examiners fees 3037162 in spection of risks 852089 38892 51 20 Cash paid for salaries and all other compensation of officers and other home office employees 78529 15 22 Cash paid for taxes on investments 22899 23 23 Cash paid for insurance department fees and agents licenses 84550 32 24 Cash paid for rent including 2000000 companys oc cupancy 51561 73 25 Cash paid for commuting commissions 2004627 26 Cash paid for furniture fixtures and safes for home and agency offices 3652 58 27 Cash paid for advertising 891051 printing 13 28019 postage 810494 3029564 28 Cash paid for real estate expenses other than taxes 3031082 for legal expenses 168752 3199834 470 COMPTROLLERGENERALS REPORT 29 Cash paid for the following items viz Supplemental contracts premiums on bonds telephone and tele graph profit and loss account and sundries Total miscellaneous expenses 95451733 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNT I Cost value of real estate exclusive of all incum brances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other marketable collaterals 4 Loans made in cash to policyhoiders on this com panys policies assigned as collateral 6 cost value oi bonds and stocks owned excluding ac crued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks Loans to corporations42667700 on personal se curity 1368477 77713 38 3729255 09 1695036 00 4305567 00 600425 00 2112010 00 18140642 00 J771 47 248641 32 440361 77 11 Total net or ledger assets 27545459 56 OTHER ASSETS 14 Interest due 286625 and accrued 5220443 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest due 351617 and accrued 32 03942 on premiums notes loans or liens 18 Interest due 5635 and accrued 1 23383 on other assets 19 Rents due 25474 and accrued 11 23998 on companys property or lease 55070 68 216002 62 8228 25 35555 59 1290 18 11494 72 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and New Business Renewals unreported on policies in force December 31 1906 24 Gross deferred premiums on policies in force De cember 31 1906 74410 73 234973 68 51597 80 381038 03 327642 04 697315 00 Totals 12600853 616011 71COMPTROLLERGENERALS REPORT 471 25 Deducting loading 23 per cent 26 Net amount of uncollect ed and deferred pre miums 29611 90 144762 75 5396 63 471248 96 567645 59 Total assets as per the books of the company 29138062 19 VLIABILITIES I Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed by Mas sachusetts insurance department ac cording to the actuaries table of mor tality with 4 per cent interest and American experience with 3 per cent on all business written after Decem ber 31 1900 26054780 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 205536 00 et reinsurance reserve 25849244 00 3 Claims for death losses due and un paid reported and no proofs re ceived 58425 00 6 Claims for death losses and other policy claims resisted by the company 1153 00 8 Present value of unpaid amounts on matured gold bond and installment policies face 11067600 7333 00 9 Amount of trust funds held by this company Certificates of indebted ness 13500 00 Total policy claims 146409 00 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders Amounts set apart or provisionally ascertained for apportion ment or deferred dividend policies 13382700 divi dends left with company to accumulate 121 85500 255682 00 16 Amount of all other liability of the company viz Premiums paid in advance 5193800 supplemental contracts 757400 5951200 Extra reserve life annuity contracts 7500 00 17 Liability on policyholders account 2631834700472 COMPTROLLERGENERALS REPORT 18 Gross surplus on policyholders account 2819715 T9 19 Total liabilities 29138062x9 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of 47 804790 00 previous year J Number and amount of policies on the lives of citizens of Georgia issued during the year 233 46778700 Tota 670 1272577 00 Deduct number and amount which have ceased to be in force during the year 85 134338 00 Total number and amount of policies in force in Georgia December 31 1906 585 113823900 Amount of losses and claims on policies in Geor gia incurred during the year 5 5852 93 Vmount of losses and claims on policies in Geor gia paid during the year 5 5852 93 Amount of premiums collected or secured in Georgia dur ing the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 34533 49 SUN LIFE INSURANCE COMPANY OF CANADA R Macaulay President T B Macaulay Secretary Principal Office 142 Notre Dame St W Montreal Canada John S Cameron Atlanta Attorney for Service in Georgia ICAriTAL STOCK 1 Amount of capital stock paid up in cash 10500000 i Amount of capital sub scribed but unpaid S95ooo 00 Amount of net or ledger assets Decem ber 31 of previous year T95583T3 T9 Extended at 19558313 19 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR IOX6 I Cash received for premiums on new policies without deductions for com missions or other expenses 74942 66 ii Cash received for renewal premiums without deductions for commissions or other expenses 3444552 10 3 From dividends applied to pay running premiums 39942 12 3i From dividends applied to purchase paid up additions and annuities 66236 23 4 From surrender values applied to pay running premiums 75o8 94 5 Consideration for annuities other than matured installment policies 359I26 41 Total 466640846 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company Renewals 1239 55 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and divi dends on stocks 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the company 12 Cash received as discount on claims paid in ad vance 13 Cash received for rents for use of companys prop erty including 250000 for companys own occu pancy 14 Cash received for profits on sales of bonds or stocks 19 From all other sources viz Premiums on combined accident policies 473 4665168 91 V 1003435 50 Total income IIIDISBURSEMENTS EOR THE YEAR IQ06 1 Cash paid for death claims including reversionary ad ditions 3 Cash paid for matured endowments and additions thereto 4 Premium notes loans or liens used in the payment of same 18806 16 525066 13 138 32 6212615 02 996347 18 381179 98 36 88474 COMPTROLLERGENERALS REPORT 10 ii 12 13 14 14a 16 I 19 23 24 26 27 28 29 Cash paid for sums falling due during the year on in stallment policies Cash paid to annuitants Cash paid for policy annuities Guaranteed interest payments Cash dividends paid policyholders Cash dividends applied to pay running premiums Cash dividends applied to purchase paid up additions and annuities Surrender values paid in cash Surrender values applied to pay running premiums Surrender values paid for matured deferred dividend policies Total paid policyholders 198080552 Cash paid stockholders forinterest on dividends Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 47S6o8oo renewals 20856024 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 4879724 in spection of risks 382321 Cash paid for salaries and all other compensation of officers and other home office employees Agency supervision traveling and all other agency expenses Cash paid for insurance department fees and municipal licenses Cash paid for rent including cupancy Cash paid for furniture fixtures and agency offices Cash paid for advertising 962157 printing 21 46185 postage 1064827 sundries 1753779 Cash paid for legal expenses Cash paid for the following items viz Thrift depart ment expenses 3074347 accident department ex penses 1728 claims paid 5000 Total miscellaneous expenses 127541611 agents 250000 companys oc and safes for home 5468 34 138583 32 275 70 75 89 99503 50 39942 12 66236 23 230698 34 7508 94 14949 10 15750 uo 68 24 168866 72 52620 45 117080 50 61804 19 47339 24 30418 77 237i 17 59269 48 4916 60 30810 75 30 Total disbursements 3256221 63 IVASSETS AS PER LEDGER ACCOUNT i Cost value of real estate exclusive of all incumbrances 76741508 2 Loans on mortgage first liens on real estate 207316794COMPTROLLERGENERALS REPORT 475 3 Loans secured by pledge of bonds stocks or other marketable collat erals 2342195 00 4 Loans made in cash to policyholders on this companies policies assigned as collateral 1732444 59 4a Loans made in cash to policyholders under nonforfeiture agreements 389764 62 5 Premium notes loans or liens on policies in force 424 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 1441304202 7 Cash in companys office 16264 46 8 Cash deposited in banks 746485 59 10 Ground rents 38640 00 22519844 10 Deduct ledger liabilities 5137 52 13 Total net or ledger assets 22514706 58 OTHER ASSETS 14 15 16 17 19 Interest clue 481402 andaccrued 31 90887 on mortgages 4172289 Interest due 6672429 and accrued 14657247 on bonds and stocks 21329676 Interest accrued on collateral loans 21804 5 Interest due i5599 and accrued 3 77479 on premiums notes loans or liens 3930 78 Rents due 334250 and accrued 5 77030 on companys property or lease 9H2 80 21 23 Total carried out Market value of bonds and stocks over cost Gross premiums due and unreported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 1906 155602 09 367554 36660 97 i736io 59 289867 925077 47 Totals 192263 06 541165 45476 COMPTROLLERGENERALS REPORT 67292 07 108233 9 25 Deducting loading 35 per cent on new and 20 per cent on re newals 26 Net amount of uncollect ed and deferred premi ums 12497099 43293236 557903 35 28 Total assets as per the books of the company 24287555 13 LIABILITIES Net present value of all the outstand ing policies in force on the 31st day of December 1906 computed accord ing to the institute actuaries table of mortality with 3 and 3 per cent in terest 21521073 99 Deduct net value of risks of this com pany reinsured in other solvent com panies 4369 00 19 20 Xet reinsurance reserve 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on annuity claims 8 Present value of unpaid amounts on matured installment policies 21516704 99 245408 96 11225 00 8660 83 7iio8 55 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 11 Amount of unpaid dividends to stockholders due Jan uary 1 1907 16 Amount of any other liability of the company Unearned premiumsAccident department 336403 34 33478 26 7875 00 62763 u 82 99 17 Liability on policyholders account 21957307 68 18 Gross surplus on policyholders account 2330247 45 Total liabilities 24287555 13 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 153701034COMPTROLLERGENERALS REPORT 477 21 Estimated surplus accrued on all other policies 543070 00 Unallotted surplus 145167 11 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 886 1548913 48 Number and amount of policies on the lives of citizens of Georgia issued during the year 564 1111198 97 Total 1450 2660112 45 Deduct number and amount which have ceased to be in force during the year 287 439159 85 Total number and amount of policies in force in Georgia December 31 1906 1163 2220952 60 Amount of losses and claims on policies in Geor gia incurred during the year 8 2104600 Amount of losses and claims on policies in Geor gia paid during the year 5 14000 00 Amount of premiums collected or secured in Georgia dur ing the year in cash without any deduction for losses dividends commissions or other expenses 8136072 TRAVELERS LIFE INSURANCE COMPANY OF CONNECTICUT Sylvester C Dunbarr President Louis F Butler Secretary Home Office 56 Prospect Street Hartford Conn ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 1905 37298121 89 Extended at 37298121 89 IIINCOME 5 First years premiums on original policies without deduction for commissions or other expenses less 2195100 for first years re insurance 781105 87 8 Dividends applied to purchase paidup addi tions and annuities 15940 0047 8 COMPTROLLERGENERALS REPORT 10 Consideration for original annuities involv ing life contingencies 23623 05 12 Total new premiums 820668 92 13 Renewal premiums in addition to items 14 and 16 without deduction for commis sions or other expenses less 13272778 for reinsurance on renewals 4780620 57 14 Dividends applied to pay renewal premiums 21503 18 16 Renewal premiums for deferred annuities 1580 63 17 Total renewal premiums 4803704 38 1 Total premium income 5024373 30 10 Consideration for supplementary contracts not involving life contingencies 366032 95 22 interest on mortgage loans 53x5i lS 23 Interest on collateral loans 46699 47 24 Interest on bonds and dividends on stocks 1015911 86 25 Interest on premium notes policy loans or liens 193376 63 26 Interest on deposits 22762 91 27 Interest on other debts due the company 435 40 28 Discount on claims paid in advance 2684 70 29 Rent from companys property including 812500 for companys occupancy of its own buildings 84857 31 30 Total interest and rents 1903879 43 31 Profit on sale or maturity of ledger assets 32045 72 41 Total income 7926331 40 IIIDISBURSEMENTS 1 For death claims less 5609700 reinsur ance 193051650 additions 21200 1930728 50 2 For matured endowments less 1400000 re insurance 696186 19 3 Net amount paid for losses and matured endowments 2626914 69 4 For annuities involving life contingencies 6 Surrender values paid in cash 10 Dividends applied to pay renewal premiums 11 Dividends applied to purchase paidup additions and annui ties 12 Total paid policyholders 2998120 55 13 Paid for claims on supplementary contracts not involving life contingencies 23711 45 310051 23 21503 18 15940 00 197586 12COMPTROLLERGENERALS REPORT 479 16 17 18 19 IS Commissions and bonuses to agents less commission on reinsurance first years premiums 40166781 renewal premiums 22566882 on annuities original 97471 renewal 6703 Commuted renewal commissions Salaries and allowances for agencies including managers agents and clerks Agency supervision traveling and all other agency expenses Medical examiners fees 5218058 inspection of risks 1516841 20 Salaries and all other compensation of officers directors trustees and home office employees 21 Rents including 812500 for companys occupancy of its own buildings 22 Advertising 819254 printing and stationery 1948643 postage 1432678 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 32 All other disbursements Miscellaneous items 1813109 profit and loss 98101 628378 37 1400 00 128304 63 37785 26 67348 99 130595 99 41187 08 42005 75 3017 25 10652 50 83942 87 17925 II 91826 42 5863 43 19112 10 40 Total disbursements 505052 42 IVLEDGER ASSETS Home office propertyj 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other collateral 4 Loans made to policyholders on this companys policies as signed as collateral 5 Premium notes on policies in force 6 Book value of bonds excluding interest 2054743435 and stocks 178539263 7 Deposited in trust companies and banks on interest 8 Cash in companys office 9 Bills receivable 108985 agents balances 1063628 1081484 86 45528i 53 11093483 84 1527542 54 37633io 14 12611 23 22332826 98 434728 62 6405 00 11726 13 ri Total ledger assets 40719400 87 NONLEDGER ASSETS 12 Interest accrued on mortgages 156363 08 13 Interest accrued on bonds 306481 17 25890 78 14 Interest accrued on collateral loans 18 Total interest accrued 488735 03480 COMPTROLLERGENERALS REPORT 20 Market value not including interest in item 13 of bonds and stocks over book value 236906 57 22 Gross premiums due and unre New Business Renewals ported on policies in force December 31 1906 6848 84 274452 48 23 Gross deferred premiums on policies in force December 311906 5122952 47211184 24 Totals 58078 36 746564 32 25 Deduct loading 6098 23 78389 25 26 Net amount of uncollected and deferred premiums 51980 13 668175 07 720155 20 32 Gross assets 4216519767 DEDUCT ASSETS NOT ADMITTED 35 Agents debit balances 10636 28 37 Bills receivable 1c9 85 42 Total n726 T3 43 Total admitted assets 42153471 54 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1906 as computed by the company on the American experience table of mortality with 3 and 3i per cent interest 37797727 00 Same for reversionary additions 24821 00 Same for annuities including those in reduc tion of premiums 222884 00 Total 38045432 00 Deduct net value of risks of this company reinsured in other solvent companies 858691 00 Net reserve 37186741 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2457470 23 5 Claims for death losses in process of adjust ment or adjusted and not due 19188 40 6 Claims for death losses which have been re ported and no proofs received 107330 49 7 Claims for matured endowments due and unpaid 2681 00 COMPTROLLERGENERALS REPORT 481 8 Claims for death losses and other policy claims resisted by the company 12500 00 9 Due and unpaid on annuity claims involving life contingencies 319 96 10 Total policy claims 142019 85 12 Premiums paid in advance including surrender values so applied 56666 63 13 Unearned interest and rent 94082 75 16 Salaries rents office expenses taxes bills accounts bo nuses commissions medical and legal fees due and ac crued 15000 00 20 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 3685 07 32 Unassigned funds surplus 2197806 01 34 Total liabilities 42153471 54 Business in the State of Georgia during the year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 1418 4998499 00 Policies on the lives of citizens of said State issued during the year 65 19830400 Total 1483 519680300 Deduct ceased to be in force during the year 71 222127 00 Policies in force December 31 1906 1412 4974676 00 Losses and claims incurred during year 42 79194 75 Losses and claims settled during the year in cash 42 79194 75 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 172387 72482 COMPTROLLERGENERALS REPORT UNION CENTRAL LIFE INSURANCE COMPANY OF OHIO Jesse R Clark President John D Sage Secretary Principal Office 353 W Fourth Street Cincinnati Ohio Thos H Daniel Atlanta Attorney for Service in Georgia i ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 2 Amount of capital subscribed but unpaid 100000 00 Amount of net or ledger assets December 31 of previous year 47487989 61 Extended at 47487989 61 IIINCOME DURING YEAR IO06 1 Cash received for premiums on new policies without deductions for commissions or other expenses 670191 16 ii Cash received for renewal premiums with out deductions for commissions or other expenses 4556119 47 2 Premium notes loans or liens taken in part payment for premiums on new pol icies 546144 04 21 Premium notes loans or liens taken in part payment for renewal premiums 2617375 46 3 From dividends applied to pay running pre miums 390031 37 3i From dividends applied to purchase paidup additions and annuities 198303 33 4 From surrender value applied to pay run ning premiums 87749 6 4I From surrender values applied to purchase paidup insurance and annuities 80267 70 5 Consideration for annuities other than ma tured installment policies 21098 10 Total 9167279 69 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1654788 re newals 19232602 208873 90 7 Total premium income 8958405 79COM PTROLLERGENERALS REPORT 483 8 Cash received for interest on mortgage loans 2439530 04 9 Cash received for interest on bonds owned and dividends on stock 400 00 10 Cash received for interest on premium notes loans or liens 433432 06 11 Cash received for interest on other debts due the company 4889 06 13 Cash received for rents for use of companys property in cluding 720000 for companys own occupancy 28562 07 14 Cash received for profits on sales of real estate 448 39 19 From all other sources viz Consideration for supple mentary contracts not involving life contingencies 102412 57 Total income 11968079 98 IIIDISBURSEMENTS FOR THE YEAR I906 1 Cash paid for death claims including rever sionary additions 1966206 35 2 Premium notes loans or liens used in pay ment of the same 17229 52 3 Cash paid for matured endowments and ad ditions thereto 527049 IS 5 Cash paid for sums falling due during the year on installment policies 35745 0 Total 254623012 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 82500 00 7 Total net amount actually paid for losses and matured en dowments 2463730 12 8 Cash paid to annuitants 22232 92 9 Premium notes loans or liens used in purchase of surren dered policies 1937659 voided by lapse 31124698 330623 57 9 Premium notes loans or liens used in payment of divi dends to policyholders i4o 92 10 Cash dividends paid policyholders 276369 05 11 Cash dividends applied to pay running premiums 390031 37 12 Cash dividends applied to purchase paidup additions and annuities 198303 33 13 Surrender values paid in cash 142427 93 14 Surrender values applied to pay running premiums 87749 06 15 Surrender values applied to purchase paidup insurance and annuities 80267 70 Total paid policyholders 3993205 97 16 Cash paid stockholders for interest on dividends 10000 00 17 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 60470426 renew als 46301108 annuities 105490 1068770 24434 COMPTROLLERGENERALS REPORT 18 Cash paid for salaries and allowances to managers and agents and other agency expenses 19 Cash paid for medical examiners fees 5491700 inspection of risks 163028 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums and on renewals 22 Cash paid for taxes on reserves 328814 on investments 731985 23 Cash paid for insurance department fees and agents li censes and municipal licenses 24 Cash paid for rent including 720000 companys occu pancy 25 Cash paid for computing commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 1581034 printing 3452036 postage 1104753 28 Cash paid for real estate expenses other than taxes 4 64995 for legal expenses 1225685 29 Cash paid for the following items viz Mortgage loan ex pense 28098782 general expense 1446363 profit and loss unadmitted accounts 12618039 Total miscellaneous expenses 2146070 56 30 Total disbursements 64551 39 56547 28 91480 45 23468 96 10607 99 32579 19 30077 53095 86 32 4975 01 6i378 23 16906 80 421631 84 6139276 53 IVASSETS AS PER EEDGER ACCOUNT i Cost value of real estate exclusive of all incumbrances 539633 36 2 Loans on mortgage first liens on real estate 45624581 87 4 Loans made in cash to policyholders on this companys poli cies assigned as collateral 5298184 59 5 Premium notes loans or liens on policies in force of which 28533177 was received during the year 1793404 30 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 10000 00 7 Cash in companys office 864 33 8 Cash deposited in banks 58965 66 13 Total net or ledger assets 53325634 11 OTHER ASSETS 14 Interest due 8410400 and accrued 158512315 on mort gages 1669227 15 17 Interest due 1927230 and accrued 22998969 on premi ums notes loans or liens 249261 99 19 Rents due 117528 and accrued 69197 on companys property or lease 1867 25COMPTROLLERGENERALS REPORT 485 20 Market value of real estate over cost 28618 37 21 Market value of bonds and stocks over cost 100 00 23 Gross premiums due and un New Basiness Renewals reported on policies in force December 31 1906 156028 28 375312 07 24 Gross premiums on policies in force December 31 1906 9252 16 96322 33 Totals 166180 44 471634 40 25 Deducting loading iyy2 per cent on new and renewals 29081 58 82536 02 26 Net amount of uncollected and deferred premiums 137098 86 389098 38 526197 24 28 Total assets as per the books of the company 55800906 11 ITEMS NOT ADMITTED 7 Reduction of 10 per cent of cost value of real estate to cover possible depreciation 53063 34 9 Total assets less items not admitted 55740942 77 VLIABILITIES I Net present value of all the outstanding poli cies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent inter est and American 3l2 per cent 45699219 00 Deduct net value of risks of this company reinsured in other solvent companies 486298 00 Net reinsurance reserve 45212 4 Claims for matured endowments due and unpaid 5 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 134 6 Claims for death losses and other policy claims resisted by the company 40 8 Present value of unpaid amounts on matured installment policies face 56747700 392 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 37 11 Amount of accumulations credited to special forms of poli cies 7i7 13 Amount due agents 16 Amount of any other liability of the company viz Premi ums paid in advance 8860061 net unpaid and deferred 921 00 384 00 609 00 000 00 812 00 63835 267 00 841 05486 COMPTROLLERGENERALS REPORT reinsurance premiums 34671 82 commissions due agents on premium notes when paid 22491696348189 39 18 Gross surplus on policyholders account 1846280 98 19 Total liabilities 55746942 77 Business in the State of Georgia duringthe yea No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 4216 7262649 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 858 1617360 00 Total 504 8880009 00 Deduct number and amount which have ceased to be in force during the year 577 960911 00 Total number and amount of policies in force in Georgia December 31 1906 7919098 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 25 7835 o Total 26 7930500 Amount of losses and claims on policies in Georgia paid during the year 26 7935 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses 281103 08 UNION MUTUAL LIFE INSURANCE COMPANY OF MAINE Fred E Richards President J Frank Lang Secretary Home Office 396 Congress Street Portland Maine ICAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year 11306130 77 4 Extended at 11306130 77 11INCOME 5 First years premiums on original policies without deduction for commissions or oth er expenses for first years reinsurance 409469 69 COMPTROLLERGENERALS REPORT 487 8 Dividends applied to purchase paidup addi tions and annuities Si77i 32 9 Surrender values applied to purchase paid up insurance and annuities 30623 41 12 Total new premiums 491864 42 13 Renewal premiums in addition to items 14 and 15 without deduction for commis sions or other expenses less 55879 for reinsurance on renewals 1964469 26 14 Dividends applied to pay renewal premiums 58939 51 15 Surrender values applied to pay renewal pre miums 6870 64 17 Total renewal premiums 2030279 41 18 Total premium income 2522143 83 19 Consideration for supplementary contracts not involving life contingencies 7460 89 21 Premium notes loans or liens restored by revival of policies 1045 43 22 Interest on mortgage loans 62472 89 23 Interest on collateral loans 44916 20 24 Interest on bonds and dividends on stocks 323834 51 25 Interest on premium notes policy loans or liens 16799 94 26 Interest on deposits 1958 70 27 Interest on other debts due the company 3586 39 28 Discount on claims paid in advance 4 70 29 Rent for companys property including 10 54127 for companys occupancy of its own buildings 62090 60 30 Total interest and rents 515663 93 31 Profit on sale or maturity of ledger assets Real estate 240 08 35 From other sources Profit and loss on real estate 132 10322 profit and loss on stocks and bonds 4327478 profit and loss miscellaneous 26278 total 175640 78 41 Total income 3222194 94 IIIDISBURSEMENTS 1 For death claims 67734122 additions 8 o235i 68536473 2 For matured and discounted endowments 7023379 additions 596143 7619522 3 Net amount paid for losses and matured and discounted en dowments 761559 95 4 For annuities involving life contingencies 2298 08488 COMPTROLLERGENERALS REPORT 5 Premium notes voided by lapse short time notes 6 Surrender values paid in cash 7 Surrender values applied to pay renewal premiums 8 Surrender values applied to purchase paidup insurance and annuities 8J Collateral loans on policies notes voided by lapse 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums it Dividends applied to purchase paidup additions and annui ties 12 Total paid policyholders 1302570 73 13 Paid for claims on supplementary contracts not involving life contingencies 15 Commissions and bonuses to agents less commission on re insurance first years premiums 28719264 renewal premiums 13307147 17 Salaries and allowances for agencies including managers agents and clerks 18 Agency supervision traveling and all other agency expenses 19 Medical examiners fees 20 Salaries and all other compensationof officers directors trustees and home office employees 21 Rent including 1054127 for companys occupancy of its own buildings 22 Advertising 1071261 printing and stationery 1496270 postage 912111 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 Real estate 32 All other disbursements Miscellaneous expenses 703752 traveling expenses officers and clerks 136088 profit and loss on real estate 23359625 profit and loss on stocks and bonds 4149507 profit and loss miscellane ous 298549 commissioners examination 461126 21778 19 264354 35 6870 64 30623 41 38298 44 66076 84 58939 51 5I77I 32 3898 50 420264 11 62058 91 15018 89 39349 00 97977 67 30753 01 34796 42 6044 36 2405 35 48629 49 13797 11 30265 97 2325 00 291086 47 40 Total disbursements 2401240 99 IVLEDGER ASSETS 1 Book value of real estate unincumbered 1109068 87 2 Mortgage loans on real estate first liens 1189950 32 3 Loans secured by pledge of bonds stocks or other collateral 1061732 02 4 Loans made to policyholders on this companys policies as ned as collateral 4U372 27 5 Premium notes on policies in force including 6270637 short time notes taken in settlement of renewal premiums 121331 27COMPTROLLERGENERALS REPORT 189 6 Book value of bonds excluding interest 519124261 and stocks 282653046 7 Deposited in trust companies and banks on interest 8 Cash in companys office on interest 7095254 9 Agents balances net 10 Cash in transit December 31 since received 84 deposited in banks not n Total ledger assets 8017773 07 127372 37 71843 38 9686 82 954 23 12127084 72 NONLEDGER ASSETS 12 Interest due 37800 and accrued i899597 on mortgages 13 Interest due 112500 and accrued 6555251 on bonds 14 Interest accrued on collateral loans 15 Interest due 300460 and accrued 154451 on premium notes policy loans or liens 16 Interest due 132345 and accrued 1065157 on other as sets 17 Rents accrued oncompanys property or lease 20 Market value of bonds and stocks over book value 22 Gross premiums due and tin New Business Renewals reported on policies in force December 31 1906 12740 82 148633 16 23 Gross deferred premiums on policies in force December 31 1906 4467 38 133696 30 19373 97 66677 51 4585 05 4549 11 11975 02 1566 40 227001 75 24 Totals 25 Deduct loading 27208 20 6121 85 282329 46 63524 13 26 Net amount of uncollected and deferred premiums 21086 35 218805 3i 239891 68 32 Gross assets 12702705 21 DEDUCT ASSETS NOT ADMITTED 35 Agents debit balances 38 Premium notes and loans on policies and net premiums in item 26 in excess of the net value of their policies 82 1842 00 42 Total 43 Total admitted assets 11528 82 12691176 39 LIABILITIES I Net present value of all the outstanding pol icies in force on the 31st day of December 1906 as computed by the company on the490 COMPTROLLERGENERALS REPORT actuaries table of mortality with 4 per cent interest prior to January 1 1901 9 18014500 subsequent to January 1 igoi on the American table of mortality with 3 per cent interest 263817300 11818318 00 Same for reversionary additions 272591 00 Same for annuities including those in re duction of premiums 16267 00 Total 12107176 00 Deduct net value of risks of this company re insured in other solvent companies 33S4 00 Net reserve I2I03702 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies 33841 00 5 Claims for death losses in process of adjust ment or adjusted and not due 55757 05 6 Claims for death losses which have been re ported and no proofs received 72040 8 7 Claims for matured endowments due and un Paid 9950 69 8 Claims for death losses and other policy claims resisted by the company l000 00 10 Total policy claims 1 8 12 Premiums paid in advance including surrender 1 aPPlied net 63 13 I nearned int rid rent paid in advance l6 Salari taxeSj bills accounts nuses c mmissions medical and due or acci 10000 00 20 Dividends or other profits due policyholders including tl contingent on payment of outstanding and deferred pre miums 11990 17 32 Unassigned funds surplus 399638 84 33 Total liabilities TO 12702705 21 Business in tin Stale during the year on the lives of citizens of said State in force N Amot December 31 of previous year 503 5 1527877c ies on the lives of citizens of said State issued duritheyear 292 739S Total r 0 59i 815861 74 1 c1u1 0 be in force during the year 9 o8 Police in force December 31 4o6 u8 66rfc y COMPTROLLERGENERALS REPORT Losses and claims unpaid December 31 of previous year r f Losses and claims incurred during year 1 Total 2 Losses and claims settled during the year in cash 2 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expensesh 491 2500 00 2000 00 4500 00 4500 00 20014 97 VOLUNTEER STATE LIFE INSURANCE COMPANY OF TENNESSEE Z C Patten President A S Caldwell Secretary Principal Office Chattanooga Tenn ICAPITAL STOCK I Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous year 238583 23 Extended at 238583 23 IIINCOME DURING VKAR IO06 I Cash received for premiums on new policies without deductions for commissions or oth er expenses l4 Cash received for renewal premiums with out deductions for commissions or other expenses 109362 37 n6973 87 Total 226336 24 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 99682 re newals 265024 3647 06 7 Total premium income 222689 18 8 Cash received for interest on mortgage loans 4823 16 9 Cash received for interest on bonds owned and dividends stock 3470 00 to Cash received for interest on premium notes loans or liens 477 23 II Cash received for interest on other debts due the company 173 59492 COMPTROLLERGENERALS REPORT 14 Cash received for profits on sales of bonds or stocks i0 00 19 From all other sources viz Interest on bank balances 32293 loss and gain 9721 420 14 Total income 232063 30 HIDISBURSEMENTS FOR THE YEAR IO06 1 Cash paid for death claims including reversionary additions 38852 00 13 Surrender values paid in cash 17 Lash paid for commissions and bonuses to agents less com mission on reinsurance renewals 10671 60629 67 18 Cash paid for salaries and allowances to managers and agents 612634 19 Lash paid for medical examiners fees 883254 inspection of risks 186735 1069989 20 Cash paid for salaries and all other compensation of officers and other home office employees 2812 36 21 Cash paid for taxes on new premiums 77574 on renew als 10699 882 71 22 Cash paid for taxes jS 23 Cash paid for insurance department fees and agents li censes 106050 municipal licenses 37948 jv 24 Cash paid for rent companys occupancy gI2 0 26 Cash paid for furniture fixtures and safes for home and agency offices g g 27 Cash paid for advertising 507763 printing 270793 778 28 Cash paid for legal expenses 2g g 29 Cash paid for the following items viz Insurance lire 49 75 postage 135573 traveling 377214 ims 15238 telephones 26675 express 12737 miscellaneous 72541 total 30 Total disbursements 174373 go IVASSETS AS 1Kli EDGES ACCOUNTS 2 Loans on mortgage first liens on real estate T 8366 66 3 Loans secured by pledge of bonds stocks or other market able collaterals 4 Loans made in cash to policyholders on this companys poli cies assi collateral 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase I or 7 Casli in company s office tsr 03 8 Cash dep si 40 256 i8 o 0104 oj 13 Total net or ledger assets5 2g6i6 COMPTROLLERGENERALS REPORT 493 OTHER ASSETS 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 21 Market value of bonds and stocks over cost 23 Gross premiums due and un New Busineaa reported on policies in force December 31 1906 24 Gross deferred premiums on policies in force December 31 1906 22688 S3 22773 37 Renewals 20466 26 15769 27 Totals 45461 90 36235 S3 25 Deducting loading 25 per cent on new and 10 per cent on renewals 11365 42 3623 55 26 Net amount of uncollected and deferred premiums 34096 48 32611 98 27 Furniture fixtures and safes 257423 stationery and printing 270800 28 Total assets as per the books of the company 1725 47 62 50 232 12 1356 00 66708 46 5282 23 371634 51 ITEMS NOT ADMITTED 2 Furniture fixtures and safes 5 Agents balances 8 Supplies printed matter and stationery Total 9 Total assets less items not admitted 2574 23 8104 63 2708 00 13386 86 358247 65 VLIABILITIES I Net present value of all the outstanding pol icies in force on the 31st day of December 1906 computed according to the actuaries table of mortality with 4 per cent interest 126027 44 Deduct net value of risks of this company reinsured in other solvent companies 4930 91 Net reinsurance reserve 121096 53 5 Claims for death losses and matured endowments in process of adjustment or adjusted and not due 6000 00 17 Liabilities on policyholders account 127096 53494 COMPTROLLERGENERALS REPORT 18 Gross surplus on policyholders account 231151 12 19 Total liabilities 358247 65 Business in the State of Georgia during the year No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 71 154500 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 149 302000 00 Total 220 456500 00 Deduct number and amount which have ceased to be in force during the year 17 38500 00 Total number and amount of policies in force in Georgia December 31 1906 203 418000 00 Amount of losses and claims on policies in Georgia incurred during the year 1 5000 00 Amount of losses and claims on policies in Georgia paid during the year 1 5000 00 Amount of premiums collected or secured in Georgia during the year in cash without any deduction for losses dividends c mmissions or other expenses 10693 52 WASHINGTON LIFE INSURANCE COMPANY OF NEW YORK John Tatlock President J W B Van de Water Secretary Principal Office 141 Broadway New York N Y Win A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK i Amount of capital stock paid up in cash 500000 00 Amount of net or ledger assets December 31 of previous year 17753917 51 Extended at I7753yj 51 IIINCOME DURING YliAR I0C6 I Cash received for premiums on new policies without deductions for commissions or oth er expenses 247227 19 COMPTROLLERGENERALS REPORT 495 ij Cash received for renewal premiums with out deductions for commissions or other expenses 2030837 35 2 Consideration for supplementary contracts life contingencies 735 00 2i Renewal premiums for deferred annuities 892 03 3 From dividends applied to pay running pre miums 711 89 34 From dividends applied to purchase paid up additions and annuities 54931 00 4 From surrender values applied to pay run ning premiums 36623 21 4J From surrender values applied to purchase paidup insurance and annuities 149220 94 5 Consideration for annuities other than ma tured installment policies 6000 00 Total 2533793 61 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 184400 re newals 47574 2319 74 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on policy loans 11 Cash received for interest on other debts due the company 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property in cluding 3000000 for companys own occupancy 14 Cash received for profits on sales of bonds or stocks 18 Supplementary contracts not involving life contingencies 19 From all other sources viz Deposit to secure lease 7 50000 balance account of protested check 1203 Total income 2531473 87 221376 72 197592 54 101632 26 8175 61 633 43 364475 38 8 18 7067 K 7512 03 3439947 02 DISBURSEMENTS FOR THE YEAR I906 I Cash paid for death claims including reversionary additions 948670 86 3 Cash paid for matured endowments and additions thereto 498671 36 8 Cash paid to annuitants 35400 11 10 Cash dividends paid policyholders 43091 80 11 Cash dividends applied to pay running premiums 711 89 12 Cash dividends applied to purchase paidup additions and annuities 54931 00 13 Surrender values paid in cash 267961 37 14 Surrender values applied to pay running premiums 36623 21496 COMPTROLLERGENERALS REPORT i5 i 19 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 2035282 54 Cash paid for commissions and bonuses to agents less com mission on reinsurance new policies 14889902 re newals 10553642 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees and inspection of risks 20 Cash paid for salaries and all other compensation of officers and home office employees 21 Cash paid for taxes on premiums 22 Cash paid for taxes on reserves 192710 on investments 6634107 23 Cash paid for insurance department fees and agents li censes 361370 municipal licenses 103519 24 Cash paid for rent companys occupancy 25 Cash paid for commuting commissions 27 Cash paid for advertising 2551108 printing and station ery 753677 postage 676446 28 Cash paid for real estate expenses other than taxes 100 93703 for legal expenses 504739 29 Cash paid for the following items viz Agency supervision office expenses profit and loss etc Total miscellaneous expenses 766794 37 149220 94 54435 44 90345 97 1196 51 95092 j 32506 43 68268 17 4648 89 30000 00 4000 00 39812 31 105984 42 29735 47 30 Total disbursements 2802076 91 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 6379171 50 2 Loans on mortgage first liens on real estate 4443100 00 4 Loans made in cash to policyholders on this companys poli cies assigned as collateral 1849955 13 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 5438702 40 7 Cash in companys office 2496 97 8 Cash deposited in banks 227466 02 10 Agents ledger balances 5153011 less credit 6351 50895 60 13 Total net or ledger assets 18391787 62 OTHER ASSETS 14 Interest accrued on mortgages 31657 38 15 Interest accrued on bonds 62449 48 17 Interest due 843449 and accrued 1313151 on policy loans or liens 21566 00 18 Interest due on other assets 586 28COMPTROLLERGENERALS REPORT 19 Rents due 60958 and accrued 1499825 on companys property or lease 15607 93 Total carried out 23 Gross premiums due and unre New Business Renewals ported on policies in force December 31 1906 1338 39 96477 40 24 Gross deferred premiums on policies in force December 31 1906 976323 22264386 497 131867 07 25 Deducting loading 23 310 per cent on new and 23310 per cent on renewals 26 Net amount of uncollected and deferred premiums 2586 68 74355 25 851494 24476601 25328095 28 Total assets i8776935 64 ITEMS NOT ADMITTED 5 Agents balances 7 Depreciation in value of bonds 50895 60 201528 40 252424 00 Total 9 Total assets less items not admitted 1852451 r 64 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on tlie 31st day of December 1906 computed by the New York insur ance department With 4 per cent interest and American 3 and 3i per cent 17596624 00 Deduct net value of risks of this company reinsured in other solvent companies 162200 Net reinsurance reserve 17595002 00 3 Claims for death losses reported only 7664360 4 Claims for matured endowments due and unpaid 20817 77 5 Claims for death losses in process of ad f justment or adjusted and not due 26415 64 6 Claims for death losses and other policy claims resisted by the company 10000 00 7 Amounts due and unpaid on annuity claims 290 43 Total policy claims 134167 44 32 in498 COMPTROLLERGENERALS REPORT 10 Amount of all unpaid dividends of surplus or other descrip tion of pr fits due policyholders 6999 05 12 Liability on cancelled policies 8585 00 13 Amount due on account of salaries rents and office ex penses 10872 14 14 Unearned interest and rent paid in advance 8832 50 15 Deposit to secure lease 500 00 16 Amount 0 mpany Premiums paid in ad ance i icl idi plie 1 63 1 on sup plem ig life contingencies com puted by the compan j 00 45362 12 17 Liabilities on policyholder nt 17S27320 25 18 Gross surpl mnt 697191 39 19 Total liabilities 1852451164 Business in the S a e of No Amount Number and amo ml of Georgia in force December 53 84031700 Number and amount of policies of Georgia issued during the year 29 1078 00 Total 395 00 Deduct number and amount which in force during the year 77 155030 00 Toi il and ait of policies in f in Ge nber 31 1906 488 72636500 Amount of losses and claims on polici incurred during the year 7 6794 80 Amount of losses and claims on policies in Ge irgia paid during the year 7 6794 80 Amount of premiums collected or secured in Georgia during the year without any deduction for losses dividends commis sions or other t Cash 25718 21COMPTROLLERGENERALS REPORT 499 AMERICAN ASSURANCE ASSOCIATION OF GEORGIA E P Hums S II Beam Secretary Principal Office 710711712 Gould Bldg Atlanta E P Burns Atlanta Attorney for Service in Georgia I BALANCE SHEET Amount of net or ledger assel 1 previ us ear IINCOME DURING KR I906 1 Membership fees 2 Weekly dues 872 20 1960 02 Total paid by membersf Total income c 5515 90 20478 22 20478 22 IIIDISBURSEMENTS r Losses and c 5nt and as Total pail to members 3 mmissions and fees retained by or I or paid to officers and di rectors iries and 0f agencies and general special and paid direct by 0 wise 7 Sal ries and other compe icers and 24000 taxe j 9 Adv need to offic be 1 lid out of future salaries or commissions to ing 455o blanks 11 All other it Total disbursements 32140 IVINVE 6 C 9 All Total net 1 6094 4 7 00 6101 04 9846 95 2600 00 1 55 371 00 545 60 62 00 366 90 301 81 20436 65 5050 00 307 47 200 00 r7 A7500 COMPTROLLERGENERALS REPORT VCONTINGENT ASSETS 19 Weekly payments or premiums due and un paid on memberships in force 149 80 20 Annual payments or premiums in process of collection not yet due 17783 3 21 Total due from members 17933 I0 22 Deduct estimated cost of collection 3586 62 23 Net amount due from members i434 4 Total assets 19903 95 VILIABILITIES 8 To officers or others for advances on account of expenses of organization and bonds 11250 00 Total liabilities 11250 00 Business in the State of Georgia during the year No Policies or certificates in force December 31 190s 3192 Policies or certificates written during the year 1900 5921 Total 013 Deduct number and amount which have ceased to Be in force during 1906 524 Total policies in force December ji 1906 6589 Losses and claims mi policies or certificates incurred during the year 1906 174 I 6094 04 Losses and claims on policies or certificates paid during the year 1906 74 6094 04 Amount 70800 00 108420 00 188220 00 52400 00 135820 00 AMERICAN INSlRAVK COMPANY Of OK KCT M T LaHatte President M B Torbett Secretary Principal Office 307 Temple Court Atlanta Ca L Nalley Atlanta Attorney for Service in Georgia tBALANCE sheet Amount of net or ledger assets December 31st of previous year 10341 85COMPTROLLERGENERALS REPORT 501 IIINCOME DURING YEAR I906 1 Membership fees 13074 9 2 Annual dues i5i6 95 Total paid by members Interest Total income 14591 04 3 29 14594 33 IIIDISBURSEMENTS DURING YEAR 15 1 Losses and claims 2 Annual payments returned to members 2051 67 180 24 Total paid to members 3 Commissions and fees retained by or paid to agents 5 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 21000 taxes 30821 10 Advertising 24490 blanks and printing 4177 ij All other items viz Postage 19659 car fare 2115 ex press and freight 2231 exchange and discounts 207 98 court costs 2720 incidental expenses 28322 fur niture and fixtures 16768 total Total expenses footings of items 3 to 11 8562 13 2231 91 4607 09 335 99 1511 61 518 21 662 60 926 63 Total disbursements 10794 04 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incum brances Moo 2 Notes owned by this company 2116 69 5 Cost value of bonds and stocks owned absolutely 1250 00 6 Cash in office 767 15 7 Cash deposited in banks on reserved fund account Mad doxRucker Banking Co 1833 70 Furniture and fixtures 37800 office supplies 42327 bal ance guarantors fund 400000 total 48H 27 8 Ledger balances 2273 33 10 Total net or ledger assets 14142 14 CONTINGENT ASSETS 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 18 Notes due and unpaid in suit 150 00 1250 00 700 00502 COMPTROLLERGENERALS REPORT 19 Premiums due and unpaid on memberships in force 2636 17 22 Deduct estimated cost of collection 650 Qi 23 Net amount due from members 24 All other assets viz Contingent funds as provided i r by charter and I 43773l2 due from agents with held unlawfully 80000 total Total assets VI 2 Losses in pro I due number of claims 6 4 Losses resisted by tie company number 01 claim 5 Total liabi Business in lite State of Georgia during the year No Policies or certificates in force December 31 1905 T698 Policies or certificates written during the year 190 1T42 977 11 14573 is 02792 39 4000 00 5310 00 Amount 727794 00 k5 00 Total 240 Deduct number and amount which have ceased to be in force during iQo6 Total policies in force December 31 1906 1354599 00 99 00 910200 00 ATLANTA MUTUAL INSURANCE ASSOCIATION OF GEORGIA A I Herndon J 11 Crew Secretary Principal Office 202 Auburn Avenue Atlanta Ga Hon W A Wright Attorney for Service In Georgia vBALANCE SB Amount of is December 31st of previous year 107 00 11iNCmi is 906 1 Membership fees 631 65 2 Annual dues 35796 25 Total paid by members 36427 00 5 Interest on bonds 300 00 7 Cash received from all other sources viz Revival etc 450 00 Total income 37177 goCOMPTROLLERGENERALS REPORT 503 IIIDISBURSEMENTS DURING YEAR 1906 I Losses and claims 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and travel I tgers of agencies and general s 7 Sala of officers and other office 8 Ren 50 10 Ac I printii g 115000 11 All other it tns Furniture safe postage expressage fuel light typewriter miscellaneous Total disbursements s 22625 10 1 6286 12 1 1300 00 2805 10 780 00 1590 50 830 00 369 50 36586 32 IV INVESTED ASSETS 5 Cost value of bonds owned abs ilutely 5500 00 6 Cash in home and branch offices 698 68 8 Agents ledger balances 1940 00 9 All other ledger assets 2000 00 Total net or ledger assets 10138 OS VCONTINGENT ASSETS 12 Interest due and accrued 15 Market value of bonds over cost 19 Annual payments or premiums due and un paid on memberships in force 20 Annual payments or premiums in process of collection not j s t due 21 Total due from members 22 Deduct estimated cost of collection 23 Net amount due from members Total assets 1940 00 36870 00 38810 00 9702 50 150 00 500 00 29108 50 29758 50 VILIABILITIES 7 Borrowed money including 15000 interest due or accrued on bond account 6650 00 8 To officers or others for advances on account of expenses of organization 3000 00 9 Amount of all other liability viz Balance due upon furni ture and machine 33 90 Total liabilities 8683 9050 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 6324 180962 00 Policies or certificates written during the year 1906 14791 421373 00 Total 21115 Deduct number and amount which have ceased to be in force during 1906 5764 Total policies in force December 31 1906I535J Losses and claims on policies or certificates incurred during the year 1906 Losses and claims on policies or certificates paid during the year 602335 00 211292 00 39C043 00 22625 10 22625 10 ATLANTA MUTUAL LIVE STOCK INSURANCE COMPANY OF GEORGIA H E Whaley VicePresident D B Hollis Secretary Principal Office Insurance Commissioner State Capitol Hon Wm A Wright Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR 1906 I Membership fees 3 Assessments 5888 00 1782 50 Total paid by members 7 Cash received fnun all other sources viz Cash advanced by officers 60000 fees due by members on notes 183 40 total Total income 7670 50 3 40 8453 90 IIDISBURSEMENTS DURING VKAK I9OO 1 Losses and claims 2375 3 Commissions and fees retained by or paid to agents 2630 75 5 Salaries and traveling expenses of managers of agencies and general special and local agents 499 50 0 Medical examiners fees whether paid direct by members or otherwise 4 00 7 Salaries and other compensation of officers and other office employees 955 55 8 Rent 30000 taxes 29684 596 84 10 Advertising 26000 blanks and printing 83623 1133 7 Total disbursements 8188 71COMPTROLLERGENERALS REPORT 505 IVINVESTED ASSETS 6 Cash in office 255 10 Total net or ledger assets 265 19 VCOXTIXGKXT A LlS 16 Due from members for claims not yet assessed 250 00 31 Total due from members 183 4 24 All other assets viz Office fixtures and stock on hand 500 00 Total assets 933 40 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 1 0 00 3 Losses reported for which assessments have not been made number of claims 1 10 00 4 Losses resisted by the company number of claims 1 100 00 Total liabilities 250 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1906 1580 170100 00 Deduct number and amount which have ceased to be in force during 1906 25 2 00 Total policies in force December 31 1906 1330 145460 00 Losses and claims on policies or certificates unpaid De cember 31 1906 25 Losses and claims on policies or certificates incurred during the year 1906 285 00 Losses and claims oh policies or certificates paid during the year 1906 237 00506 COMPTROLLERGENERALS REPORT BANKERS HEALTH AND LIFE INSURANCE COMPANY OF GEORGIA P L Hay President P C Carries Secretary Principal Office 509 Second Street Macon Ga Glawson Fowler Macon Attorneys for Service in Georgia 1 la Amount of net or ledger assets December year 31st ot previous IS8 IS IIINCOME DURING YEAR I906 1 Membership fees 2 Annual dues 1666 35 28392 45 otal paid by members 5 I merest 6 Rents 7 Cash received from all other sources viz Officers and di rectors of the company Total income 30058 80 175 00 50 00 2250 00 32533 80 IIIDISBURSEMENTS DURING YEAR 1906 8335 80 78 30 1 Losses and claims 2 Annual payments and assessments returned to members Total paid to members t 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 ravelin expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 8o oo taxes 31300 10 Advertising 25500 blanks and printing 44550 11 All other items viz Fuel lights postage express attor neys fees etc Total expenses footings of items 3 to IT 24004 10 8414 10 19299 45 1875 40 214 10 374 55 1119 00 700 50 421 10 Total disbursements 32418 20COMPTROLLERGENERALS REPORT 507 IV INVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 5 6 Cash in office 73 75 7 Cash deposited in hanks on reserved fund account Ameri can National Bank Macon Ga 200 00 Total net or ledger assets 5 273 75 Business in the Stat g the year No Amoi it Policies on certificates in force December 31 1905 3868 77360 00 Policies or certificates written during the year 1906 15870 349140 00 Total 10738 426500 00 Deduct number and which have ceased fo be in force during 1906 9786 215292 00 Total policies in force December 31 1906 9952 210208 00 Losses and claims on policies or certificates incurred during the year 1906 8335 80 1 policies or certificates paid dur ing the ear 1906 8335 80 COMMONWEALTH INSURANCECOMPANY OF GEORGIA W H Austin President A C Huber Secretary Principal Office 320 Temple Court Atlanta Ga Robert O Lovett Atlanta Attorney for Service in Georgia rbalance sheet Amount of net or ledger assets December 31st of previous year 1872 29 IIINCOME DURING YEAR 1906 I Membership fees 2161 94 Total income 2161 94 IIIDISBURSEMENTS DURING YEAR 906 3 Commissions and fees retained by or paid to agents 1636 69 4 Commissions and fees retained by or paid to officers and directors 80 00508 COMPTROLLERGENERALS REPORT 7 Salaries and other compensation of officers and other office employees 8 Rent 29000 taxes 5513 10 Advertising 1300 blanks and printing 2572 city li censes 5000 11 All other items viz Stamps etc 4006 return premi ums 3366 Total disbursements IVINVESTED ASSETS I Cost value of real estate in cash exclusive of all incum brances 6 Cash in office Total net or ledger assets VCOXTI NOKXT ASSETS 20 Annual payments or premiums in process of collection not yet due 1574 6 22 Deduct estimated cost of collection 157 48 23 Net amount due from members 24 All other assets viz Due from members not yet assessed contingent liabilities as per bylaws Total assets VILIABILITIES 4 Losses resisted by the company number of claims 12 Total liabilities Business in tin Stale of Georgia during tin year No Policies or certificates in force December 31 1905 70 Policies or certificates written during the year 1910 83 Total IS3 Deduct number and amount which have ceased to be in force during 1906 91 Total policies in force December 31 1906 62 987 79 345 13 88 72 3212 05 822 17 697 40 1519 57 I4I7 3S 28872 40 31S09 35 9400 89 9400 89 Amount 73 00 54162 50 101035 50 5027 61 50797 81COMPTROLLERGENERALS REPORT 509 CONTINENTAL AID ASSOCIATION OF GEORGIA B M Cross President LeRoy Smith Secretary Principal Office Room 18 Grant Building Atlanta Ga B M Cross Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR IC i Membership fees 2 Annual dues 1104 90 25898 36 Total paid by members 7 Cash received from all other sources viz Donation from officers 1 Losses and claims 2 Annual payments and assessments returned to members 9 65 Total paid to members 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 Rent 477Oo taxes 60119 id Blanks and printing 11 All other items viz Miscellaneous expenses Total expenses footings of items 3 to II 19649 43 Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 8 Agents ledger balances 9 All other ledger assets viz Furniture and fixtures Total Less liabilities 10 Total net or ledger assets less liabilities 4857 23 27003 26 565 19 Total income 27568 45 IIIDISBURSEMENTS DURING YEAR I906 7945 30 7954 95 2806 85 I4452 63 1078 19 258 26 953 50 27504 33 5100 00 100 00 67 75 182 82 5450 57 529 27 4921 30510 COMPTROLLER l iNERALS REPORT VCOXTI XGKNT ASSETS 12 Interest accrued 200 00 19 Annual payments or premiums due and un paid on m ps in Force 71590 20 Annual its or premiums in process f coll 1 20 21 Total due from members i0 22 Deduct estimated cost i 1002 23 N1 lue from mi mliers 6000 1 2 216 VI i 6 F 520 27 r 529 2 No Amount 8 75 06 TOta Deduct number and amount wl Total poli 7 licies or certificates im during 06 Losses and claims on policies 01 1 id during the year 1906 pCOMPTROLLERGENERALS REPORT 511 COTTON MILL MUTUAL FIRE INSURANCE COMPANY OF AUGUSTA GEORGIA James P Verdery President Peieg A Rhodes Secretary Principal Office 8 Miller VVa kt Buil usta Ga Bryan Cumming Augusta Attornei Service in Georgia IIASSETS t Market value of real estate owned by the company less the amount of incumbrances thereon II Total amount loaned on stocks bonds and all other securi ties except mortgages 13 Cash belonging to the company deposited in bank National Exchange Bank 155304 Merchants Bank 106633 Augusta Savings Bank 72283 Planters Loan and Sav ings Bank 120 total 16 Interest due and accrued on collateral loans and uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Contii assets 20 Total amount of all liabilities except net surplus 23 Surplus beyond capital and all other liabilities 10000 00 6100 00 3343 40 185 76 304 34 121135 30 Total assets of the company actual cash market value IIILIABILITIES 7 Gross premiums without any deduction received and receiv able upon all unexpired fire risks running one year or less from date of policy 2422706 unearned premiums fifty per cent 12113 53 Amount of borrowed money 1500 00 I36i3 53 127455 27 24 Aggregate amount of all liabilities including net surplus 141068 80 IVINCOME DURING THE YEAR Fire Risks I Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 2396 24 3 Net collected 2396 24 4 Cross premiums on risks written and re newed during the year 24227 06 Tota 26623 30a 512 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 304 34 7 Entire premiums collected during the year cash 2422706 26318 96 8 Deduct reinsurance and return premiums 2091 90 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 12 Income received from all other sources viz Rents 15 Aggregate amount of income actually received during the year in cashI VEXPENDITURES DURING THE YEAR Firfe Risks 3 Net amount paid during the year for losses 8191 44 4 Cash dividends actually paid stockholders amount of stock holders 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 travel and office expenses Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Eire risks written Premiums received gross Losses paid 24227 06 ioS8 69 764 16 26079 91 18225 25 4750 00 194 23 1648 07 24817 55 517554 00 4103 78 631 27COMPTROLLERGENERALS REPORT 513 EMPIRE MUTUAL ANNUITY AND LIFE INSURANCE COMPANY OF GEORGIA Wm W Reid President Thos M Callaway Secretary Principal Office Peters Building Atlanta Ga Wm W Reid Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR I906 2 Premium income 5 Interest 7 Cash received from all other sources 6742500 advances to agents returned 226384 total Total income 123310 21 118920 15 1470 64 69688 84 190079 63 IIIDISBURSEMENTS DURING YEAR I90O 1 Losses and claims 2 Dividends 9000 00 44199 11 Total paid to members 53199 11 3 Commissions and fees retained by or paid to agents 34665 56 5 Salaries and traveling expenses of managers of agencies and general special and local agents 8994 35 6 Medical examiners fees whether paid direct by members or otherwise 2771 40 7 Salaries and other compensation of officers and other office employees 8096 84 8 Rent 102000 taxes 93710 1957 10 9 Advanced to officers and agents to be repaid out of future salaries or commissions 2285 56 10 Advertising 114398 blanks and printing 62027 1764 25 11 All other items viz License 53700 office expense 1 72205 payment on reserve liability 816556 10424 61 Total expenses footings of items 3 to 11 62794 11 Total disbursements 124158 78 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 33 in 21937 50 3761 24514 COMPTROLLERGENERALS REPORT Advance reserve fund Loans to members Guarantee capital notes secured by certificates 8 Agents ledger balances q All ether ledger assets viz Premium notes and liens 22 52094 furniture 133680 25000 00 40261 84 36005 00 38407 74 2385 74 189231 06 Total net or ledger assets VCONTINGENT ASSETS 2 Interest due 324799 and accrued 51067 3758 66 19 Annual payments or premiums due and un paid on memberships in force less than six months overdue 955 22 20 Deferred payments 5871 66 21 Total due from members 22 Deduct estimated cost of collection 15421 88 77i 09 23 Net amount due from members Total assets VILIABILITIES on installment policy claims 14650 79 5 Present value future payments discount 4 per cent Net premium reserve 11466919 surplus 6412103 18409 45 28852 29 178790 22 Total liabilities Business in the State of Georgia during the year No Policies or certificates in force December 31 1905 i254 Policies or certificates written during the year 1906 738 207640 51 Amount 30340 00 17432 00 Total J2 Deduct number and amount which have ceased to be in force during 1906 478 47772 00 10320 00 Total policies in force December 31 1906 I5M 37452 00 Losses and claims on policies or certificates incurred during the year 1906 annuity I2 Losses and claims on policies or certificates paid during the year 1906 annuity 2 3625 00 7700 00COMPTROLLERGENERALS REPORT 515 FARMERS COOPERATIVE LIVE STOCK INSURANCE COMPANY OF GEORGIA M EL Blount President P L Watson Secretary Principal Office Swainsboro Ga Saffold Larson Swainsboro Attorneys for Service in Georgia IIINCOME DURING YEAR 1906 I Membership fees 2615 00 3 Assessments 988 32 Total income 3603 32 IIIDISBURSEMENTS DURING YEAR I906 I Losses and claims 823 60 3 Commissions and fees retained by or paid to agents 1509 54 4 Commissions and fees retained by or paid to officers and directors 164 72 5 Salaries and traveling expenses of managers of agencies and general special and local agents 325 28 7 Salaries and other compensation of officers and other office employees 242 46 8 Rent 6oco taxes 7800 138 00 10 Advertising 6000 blanks and printing 221ro 281 00 11 All other items viz Charter 10000 typewriter 7500 office furniture 1500 190 00 Total expenses footings of items 3 to II 2751 00 Total disbursements 3574 60 IVINVESTED ASSETS 6 Cash in office 28 72 10 Total net or ledger assets 28 72 Business in the State of Georgia during the year No Amount Policies or certificates written during the year 1906 697 Deduct number and amount which have ceased to be in force during 1906 46 Total policies in force December 31 1906 651 Losses and claims on policies or certificates unpaid De cember 31 1906 2516 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates incurred during the year 1906 Losses and claims on policies or certificates paid during the year 1906 823 00 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF GEORGIA A W Walker President John T Goodman Secretary Principal Office Jackson Butts County Georgia J F Carmichael Jackson Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 123 50 IIINCOME DURING lEAR 1906 Membership fees 5194 95 3 Assessments for losses by fire 5385 50 Total income 10580 45 111DISBURSEMENTS DURING YEAR UJ06 I Losses and claims 5385 50 3 Commissions and fees retained by or paid to agents 4702 48 4 Commissions and fees retained by or paid to officers directors 314 00 5 Salaries and traveling expenses of managers of agencies and general special and local agents 135 45 8 Insurance commissioners fees 40 00 10 Advertising 1000 blanks and printing 4578 55 78 Total disbursements 10663 i IVINVESTED ASSETS 6 Cash in office 40 75 10 Total net or ledger assets 40 75 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 2919 2657206 00 Policies or certificates written during the year 1906 1077 1152024 00 Total 3996 3809230 00 COMPTROLLERGENERALS REPORT 517 Deduct number and amount which have ceased to be in force during 1906 138 43873 00 Total policies or certificates in force December 31 r903 3858 3755357 00 FARMERS FJRE INSURANCE COMPANY OF GEORGIA H C Fears President T M Douglas Secretary Principal Office Madison Ga W D Anderson Madison Attorney for Service in Georgia IINCOME DURING YEAR IQ06 3 Assessments 512 95 7 Cash received from all other sources 105 05 Total income 618 00 IIIDISBURSEMENTS DURING YEAR 1966 I Losses and claims 425 00 4 Commissions and fees retained by or paid to officers and directors 15 00 5 Salaries and traveling expenses of managers of agencies and general special and local agents 100 00 8 Taxes 43 00 II All other items 35 00 Total disbursements 618 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1906 313 231607 00 Losses and claims on policies or certificates incurred during the year 1906 425 00 Losses and claims on policies or certificates paid dur ing the year 1906 423 00518 COMPTROLLERGENERALS REPORT FARMERS MUTUAL FIRE INSURANCE COMPANY OF GEORGIA J W West President Eli B Manning Secretary Principal Office Dawson Ga Lee M Jordan Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR tOOO 1 Membership fees 2 Annual dues 3 Assessments 500 00 185 00 2102 65 Total paid by members Total income IIIDISBURSEMENTS DURING YEAR IO06 787 6s 278765 1 Losses and claims 2102 65 2 Annual payments and assessments returned to members 148 00 Total paid to members 3 Commissions and fees retained by or paid to agents Total disbursements 2250 65 537 00 2787 65 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 1709 1864000 00 Policies or certificates written during the year 1906 90 100000 00 Total 1799 196400000 Deduct number and amount which have ceased to be in force during 1906 1125 1254000 00 Total policies in force December 31 1906 674 710000 00 Losses and claims on policies or certificates unpaid De cember 31 1906 Losses and claims on policies or certificates incurred during the year 1906 21 1 2102 65 Total 22 2302 65 Losses and claims on policies or certificates paid during the year 1906 21 M0 hCOMPTROLLERGENERALS REPORT 519 FIRE INSURANCE COMPANY OF GEORGIA B F Drake President F B Williams Secretary Principal Office Dallas Paulding County Georgia GATE CITY FIRE INSURANCE COMPANY OF GEORGIA J L Caldwell President D M Graw Secretary Principal Office 316 Temple Court Atlanta Ga W I Heyward Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR I906 1 Total premiums 4621 50 5 Interest 7 45 7 Cash received from all other sources viz Borrowed money 157 00 Total income 485 95 IIIDISBURSEMENTS DURING YEAR 1906 2 Return premiums I21 29 3 Commissions and fees retained by or paid to agents 1645 50 5 Salaries and traveling expenses of managers of agencies and general special and local agents 134 4 7 Salaries and other compensation of officers and other office employees l291 D0 8 Rent 10350 taxes 14845 251 95 9 Advanced to officers and agents to be repaid out of future salaries or commissions 73 3 10 Blanks and printing 54 50 11 All other items viz Miscellaneous expense 21257 ex change 558 paid on loan 4408 total 262 23 Total disbursements 3835 l IVINVESTED ASSETS 6 Cash in office IQ 79 7 Notes on hand 931 00 8 Agents ledger balances 4r 3 10 Total net or ledger assets 996 82520 COMPTROLLERGENERALS REPORT VCONTINGENT ASSETS 20 Annual payments or premiums in process of collection not yet due 345 83 22 Deduct estimated cost of collection 34 58 23 Net amount due from members 3 25 24 All other assets viz Due from members not yet assessed as per bylaws 21389 40 Total assets 22697 47 VILIABILITIES 4 Losses resisted by the company number of claims 6 3800 00 7 Borrowed money 112 92 9 Amount of all other liability viz Due agents to be paid when certain notes are paid 333 53 Total liabilities Business in the State of Georgia during the year No Policies or certificates written during the year 1906 242 3 Deduct number and amount which have ceased to be in force during 1906 10 Total policies in force December 31 1906 Losses and claims on policies or certificates incurred during the year 1906 5 4246 45 Amount 158745 00 8000 00 150745 00 2800 00 GEORGIA COOPERATIVE FIRE INSURANCE COMPANY OF GEORGIA Y F Reid President Edw A Smith Secretary Principal Office 16 and 18 Southern Hank Building Savannah Ga Robt M Hitch Savannah Attorney for Service in Georgia IBALANCE SHEET Cash on hand December 31 1906 761 92 It I COMIC DURING YEAR 1906 2 Annual dues class 1 369912 3 Assessments classes 1 and C 11961 76 Total paid by members 15660 88 COMPTROLLERGENERALS REPORT 521 7 Cash received from all other sources viz Ledger accounts 18870 E A S ledger accounts 6400 bills payable class A 14000 totalJ m 16053 58 Total income IIIDISBURSEMENTS DURING YEAR IO06 3840 S3 i Losses and claims g 3 Commissions and fees retained by or paid to agents 7W 4 a Agents shortage 7Salaries and other compensation of officers and other office employees 75 40 8 Commuted commissions V i 1 9 Advanced to officers and agents to be repaid out of future salaries or commissions 211 79 io Advertising blanks and printing H All other items viz Sundry bills 30965 attorney fees and traveling expenses 70804 bills payable class A 30000 total Total expenses footings of items 3 to II 12269 80 16110 33 Total disbursements IVINVESTED ASSETS I Cost value of real estate in cash exclusive of all incum brances 16 62 6 Cash in office 7 Cash deposited in banks on reserved fund account Com meroial 8g 00 Bills receivable premium notes 8 Ledger assets 1 9 All other ledger assets viz Charter office fixtures and material 3466 11 10 Total net or ledger assets VCONTINGENT ASSETS 18 Mortuary assessments not yet due class B 3135 60 19 Annual payments or premiums due and un paid on memberships in force class C 1 549 40 20 Annual payments or premiums in process of collection not yet due class D 4A 9 21 Total due from members l 774 2 22 Deduct estimated cost of collection 210 1 1 15958 14 23 Net amount due from members m 15958 14 Total assets 522 COMPTROLLERGENERALS REPORT VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 5 7 Bills payable class A Total liabilities Business in the State of Georgia during the year No Weekly class B 530 Monthly class C I 532 Yearly class D 497 Total policies in force December 31 1906 2568 S Losses and claims on policies or certificates unpaid De cember 31 1905 fire 5 Losses and claims on policies or certificates paid during the year 1906 5 302 50 140 00 442 50 Amount 60 30 062 45 4089 28 5112 03 302 50 3840 MAX MUTUAL FIRE INSURANCE COMPANY OF GEORGIA C K Konemann President Fred Wessels Jr Secretary U H McLaws Savannah Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year January 31 1906 2855 45 II INCOME DURING YEAR 1906 5 Interest 3l 66 7 Cash received from all other sources U577 75 Total income 680 41 IIIDISBURSEMENTS DURING YEAR 1906 I Losses and claims 0 7 Salaries and other compensation of officers and other office employees 0 00 8 Taxes 28 to Advertising 157 50 11 All other items viz Interest 30000 sundries 28654 58654 Total disbursements 2600 COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 7 Cash deposited in banks on reserved fund account Com mercial Bank 1243597 Germania Bank 100000 Na tional Bank 100000 8 Agents ledger balances 9 All other ledger assets 523 1435 97 I063 S3 217 95 Total net or ledger assets 16217 75 VCONTINGENT ASSETS 19 Annual payments or premiums due and un paid on memberships in force 1563 83 24 All other assets viz Assessments not due 47240 31 Total 48804 14 Total assets 6521 89 VILIABILITIES 9 Amount of all other liability viz Guarantee fund 9350 00 Total liabilities 9450 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 307 306569 00 Policies or certificates written during the year 1906 456 496640 00 Deduct number and amount which have ceased to be in force during 1906 33 24237 88 Total policies or certificates in force December 31 1906 423 472402 12 Losses and claims on policies or certificates incurred during the year 1906 Losses and claims on policies or certificates paid during the year 1906 304 33 304 524 COM PTROLLERGENERALS REPORT GEORGIA LIVE STOCK INSURANCE COMPANY OF GEORGIA P D Phillips President J J Roberts Secretary Principal Office Tifton Ga J J Roberts Tifton Attorney for Service in Georgia rBALANCE SHEET Amount of net or ledger assets December 31st of previous year II IfJCOME DURING YEAR 1906 1 Membership fees 13588 94 2 Annual dues 7 58 3 Assessments 5819 1 Total paid by members J 7 Cash received from all other sources viz Borrowed from bank Total paid to members J 3 Commissions and fees retained by or paid to agents 7 Salaries and other compensation of officers and other office employees 8 Rent 14750 taxes 16782 9 Advanced to officers and agents to be repaid out of future salaries or commissions 10 Advertising 5348 blanks and printing 71326 11 All other items viz Postage and general expenses 4020 interest 3085 Total disbursements 17 62 I94T5 85 Total income 2002S 0 IIIDISBURSEMENTS DURING YEAR 1936 I Losses and claims 8632 50 8632 50 6782 23 198s 30 3 IS 32 91 4 71 433 77 10007 28 IVINVESTED ASSETS 6 Cash in office 4 84 8 Agents ledger balances 675 00 9 All other ledger assets viz Office furniture and fixtures 325 00 10 Total net or ledger assets IX q 11 Deduct depreciation from cost of assets to bring same to market value l5 3 Total net or ledger assets less depreciation 878 57COMPTROLLERGENERALS REPORT 525 VCONTINGENT ASSETS 16 Due from members for claims not yet as sessed 823517 20 Annual payments or premiums in process of collection not yet due 4 35 21 Total due from members 8239 52 22 Deduct estimated cost of collection 75 00 23 Net amount due from members 8164 S2 Total assets 9043 09 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due Number of claims 3 Losses reported for which assessments have not been made Number of claims 5 4 Losses resisted by the company Number of claims 24 5 National State or other taxes due 6 For salaries rents and office expenses 7 Borrowed money including 3085 interest due or accrued Total liabilities 7706 10 Business in the Stale of Georgia during lite year No Amount Policies or certificates in forceDecember 31 1905 35 5155 00 Policies or certificates written during the year 1906 4085 526825 00 Total 4120 531980 00 Deduct number and amount which have ceased to be in force during 1906 192S 286920 00 Total policies or certificates in force December 31 1906 2192 24506000 Losses and claims on policies or certificates incurred during the year 1906 130 T4942 50 Losses and claims on policies or certificates paid dur ing the year 1906 83 8632 50 417s 00 525 00 213s 00 40 00 190 So 640 60 526 COMPTROLLERGENERALS REPORT GINNERS MUTUAL INSURANCE COMPANY OF GEORGIA T C Shackelford President M M Stephenson Secretary Principal Office Clayton Street Athens Ga IIINCOME DURING YEAR 1936 i Membership fees 25 per cent initial pre mium 5881 24 2 Short rate premium No 717 13 52 3 Assessments 35 per cent of gross premiums 6412 46 Total paid by members Total income IIDISBURSEMENTS DURING YEAR l0j I Losses and claims 3 Commissions and fees retained by or paid to agents 84550 commission to E Elder 533 5 Salaries and traveling expenses of managers of agencies and general special and local agents 8 Taxes 10 Advertising 80563 blanks and printing 44180 less 10000 on hand 34180 11 Ail other items vi Expense express postage etc 12307 22 12307 2i 854 44 850 88 2368 3 64 71 1147 43 517 84 Total disbursements 5803 6 IVINVESTED ASSETS 6 Cash in office All other deposits Georgia National Hank 8 Agent ledger balances AH other ledger assets vi Supplies etc Total net or ledger assets 65 50 6165 38 72 7 too 00 6503 0 VCONTINGENT ASSETS 17 Mortuary assessments due and unpaid sus pended 129336 18 Mortuary assessments not yet due 7904 60 19 Annual payments or premiums due and un paid on memberships in force 25 00 Total Total assets 9222 96 I5726 56COMPTROLLERGENERALS REPORT 527 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due Number of claims 3 4 4764 92 Total liabilities 4764 92 Business in the State of Georgia during the year No Amount Policies or certificates written during the year 1906 279 494598 50 Deduct number and amount which have ceased to be in force during 1906 no 18699000 Total policies in force December 31 1906 169 307608 50 Losses and claims on policies or certificates in curred during the year 1906 14 56n 61 Losses and claims onpolicies or certificates paid during the year 1906 n 846 69 GREAT SOUTHERN HOME INDUSTRIAL ASSOCIATION W L Lauderdale President E D Coleman Secretary Principal Office 1727 Third Avenue Birmingham Ala W H C Tate Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year h IIINCOME DURING YEAR 1906 14013 70 1 Membership fees 2 Annual dues 1258 80 546l2 36 Total paid by members 55871 16 5 Interest 6 Rents Total income HIDISBURSEMENTS DURING YEAR I906 14S 00 247 50 56263 66 I Losses and claims 3 Commissions and fees retained by or paid to agents 33233 36 16274 5254493 29 15500 oo 500 oo i204 45 21500 00 9450 oo To75 75 528 COMPTROLLERGENERALS REPORT 4 Commissions and fees retained by or paid to officers and directors oo 00 8 Rent 155400 taxes 4590 i599 90 10 Advertising and printing 12S 6 11 All other items Legal expenses 58575 license 26500 850 75 Total disbursements IVINVESTED ASSETS I Cost value of real estate in cash exclusive of incumbrances 6 Cash in office 7 Cash deposited in banks on reserved fund account Ala bama Penny Savings Bank All other deposits Anniston bonds deposited with Treas urer 6000 00 certified real estate assets 1550000 8 Agents ledger balances 9 All other ledger assets viz Furniture Total net or ledger assets VCONTINGENT ASSETS 12 Interest due and accrued 13 Rents due and accrued 14 Market value of real estate 15 Market value of bonds and stocks 19 Annual payments or premiums due and un paid on memberships in force 2300 20 20 Annual payments or premiums in process of collection not yet due 86723 80 21 Total due from members 89024 00 22 Deduct estimated cost of collection 17804 80 23 Net amount due from members 7r2I9 20 Total assets VILIABILITIES 6 For salaries rents and office expenses 950 00 8 To officers or others for advance on account of expenses of organization 450 00 Total liabilities 1400 00 1578407 145 00 304 00 15500 00 6000 00 108952 27COMPTROLLERGENERALS REPORT 529 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 5071 508 34 Policies or certificates written during the year 1906 6756 135120 00 Total 11827 13562834 Deduct number and amount which have ceased to be in force during 1906 3372 77440 00 Total policies in force December 31 1906 8455 58188 34 Losses and claims on policies or certificates incurred during the year 1906 753 Losses and claims on policies or certificates paid dur ing the year 1906 753 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 Savannah Attorney for Service in Georgia rBALANCE SHEET Amount of net or ledger assets December 31st of previous year 86 IIINCOME DURING YEAR 1906 1 Membership fees 2 Annual dues 562 75 9696 75 Total paid by members f 5 Interest 7 Cash received from all other sources viz Borrowed money 10259 50 Total income IIIDISBURSEMENTS DURING YEAR I906 1 Losses and claims 2766 95 2 Annual payments and assessments returned to members 9 SS 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 Jlln 2776 50 3366 28 I589 05 5S0 COMPTROLLERGENERALS REPORT 7 Salaries and other compensation of officers and other office employees 8 Rent 39500 taxes 24881 10 Advertising 12780 blanks and printing 10800 11 All other items viz Furniture 16830 postage and inci dentals 26973 interest 48363 paid on borrowed money 25000 cost of bonds 522500 Total disbursements 782 00 643 81 235 80 6396 66 15790 10 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 5225 00 6 Cash in office 181 28 9 All other ledger assets viz Furniture and fixtures 225 00 1 net or ledger assets 5631 28 VCONTINGENT ASSETS 19 Annual payments or premiums due and un paid on memberships in force 413 65 20 Annual payments or premiums in process of collection not yet due 18760 40 21 Total due from members 22 Deduct estimated cost of collection 23 Net amount due from members Total assets 19174 05 4793 51 i438o 54 20011 82 VILIABILITIES 7 Borrowed money 58oo 00 Total liabilities 5800 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 2233 5358500 Policies or certificates written during the year 1906 6946 166704 00 Total 9179 220289 00 Deduct number and amount which have ceased to be in force during 1906 3474 80395 00 Total policies or certificates in force December 311906 1 5705 13989400COMPTROLLERGENERALS REPORT 531 Losses and claims on policies or certificates incurred during the year 1906 811 2766 95 Losses and claims on policies or certificates paid during the year 1906 811 2766 95 HOME FRIENDLY SOCIETY OF MARYLAND Geo A Chase President B L Talley Secretary Principal Office 1026 Linden Avenue Baltimore Md Geo L DeGant Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 60797 71 IIINCOME DURING YEAR 1906 i Membership fees 3 Assessments 4 For stationery and duplicates 951 40 311642 02 259 76 Total paid by members 312853 18 5 Interest 341 25 7 Cash received from all other sources viz Advances to agents returned 70838 agents bonds 40000 1108 38 Total income 314302 81 IIIDISBURSEMENTS DURING YEAR I906 1 Losses and claims 158012 34 2 Annual payments and assessments returned to members and dividends 1756 20 Total paid to members 159768 54 3 Commissions and fees retained by or paid to agents 5 Salaries and traveling expenses of managers of agencies and general special and local agents 6 Medical examiners fees whether paid direct by members or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rent 173835 taxes 332696 9 Advanced to officers and agents to be repaid out of future salaries or commissions 1251 59 10 Advertising blanks and printing 7065 85 38619 44 54852 84 2433 io 29555 41 5065 31532 COMPTROLLERGENERALS REPORT II All other items viz Interest 39145 real estate expense 4500 furniture 35700 postage 65988 atttorneys fees 17000 agents bond repaid 28296 all other items expense account 444408 6350 37 Total disbursements 304962 45 IVINVESTED ASSETS i Cost value of real estate in cash exclusive of all incum brances 86S 5 Cost value of bonds and stocks owned absolutely 29476 85 6 Cash in office 3496 54 All other deposits In Baltimore banks 2137436 on de posit at agencies 39 32 9 All other ledger assets viz Bills receivable 4040 00 10 Total net or ledger assets 70138 07 11 Deduct depreciations from cost of assets to bring same to market value 925 35 Total net or ledger assets less depreciation 69212 72 VCONTINGENT ASSETS 12 Interest due 46850 and accrued 46850 14 Market value of real estate over cost 17 Mortuary assessments due and unpaid on memberships in force 6230 98 22 Deduct estimated cost of collection 623 10 23 Net amount due from members 24 All other assets viz Balance due on fire insurance Total assets viliabilities 1 Losses due and unpaid Number of claims 1 Total liabilities 937 00 15750 00 5607 88 3875 00 95382 60 1000 00 1000 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 5620 397640 00 Policies or certificates written during the year 1906 353 247100 00 Total 9150 Deduct number and amount which have ceased to be in force during 1906 1779 644740 00 124690 00 Total policies in force December 31 1906 7371 520050 00COMPTROLLERGENERALS REPORT 533 Losses and claims on policies or certificates unpaid De cember 31 1905 1 50000 Losses and claims on policies or certificates incurred during the year 1906 4921 1734078 Total 4922 17840 78 Losses and claims on policies or certificates paid during the year 1906 4922 17840 78 INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY J W McEachern President I M Sheffield Secretary Principal Office 502511 Austell Bldg Atlanta Ga Walter McElreath Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR I906 1 Membership fees 1224670 2 Annual dues 401060 00 31765 88 Total paid to members 5 Interest Total income IIIDISBURSEMENTS DURING YEAR I906 413306 70 490 40 413797 10 1 Losses and claims Death 2467635 sick 11129090 135967 25 2 Annual payments and assessments re turned to members 3168 20 Total paid to members 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 642549 taxes 724812 10 Advertising 301763 blanks and printing 341385 139135 45 183293 12 49536 48 13476 97 6146 00 13673 61 6431 48534 COMPTROLLERGENERALS REPORT II All other items viz Exchange 9865 postage and express 168894 furniture 88126 telephone and telegraph 27773 attorneys fee 445360 inciden tals 112153 Total expenses items 3 to 11 28107937 6521 71 Total disbursements 420214 82 IVINVESTED ASSETS 2 Loans on bond and mortgage first liens on real estate 900000 5 Cost value of bonds and stocks owned absolutely 11000 00 6 Cash in office 500 56 7 Cash deposited in banks Third National Atlanta 284760 Carolina Trust Company Raleigh N C 50000 3347 60 9 All other ledger assets viz Loan to American As surance Association 1500 00 10 Total net or ledger assets 25348 16 VCONTINGENT ASSETS 12 Interest due 41500 and accrued 42500 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force 2706 45 20 Annual payments or premiums in proc ess of collection not yet due 237214 80 21 Total due from members 22 Deduct estimated cost of collection 239921 25 47984 25 840 00 715 00 23 Net amount due from members 191937 00 24 All other assets viz Furniture 820000 books and blanks 50000 8700 00 Total assets 227540 16 VILIABILITIES 9 Amount of all other liability viz Printing and ad vertising Total liabilities l78o 37 I780 37S5v COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year 535 No Amount Policies or certificates in force December 31 1905 38408 928665 00 Policies or certificates written during the year 1906 44091 105818400 Total 82499 1986849 00 Deduct number and amount which have ceased to be in force during 1906 40975 990273 00 Total policies in force December 31 19064524 996576 00 METROPOLITAN MUTUAL BENEFIT ASSOCIATION P Sheridan Ball President L C Collins Secretary Principal Office 61 East Alabama Street Atlanta Ga Wm A Wright Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR I907 1 Membership fees 2 Annual dues 615 10 28634 25 Total paid by members 5 Interest Total income 29249 35 175 00 29424 35 IIIDISBURSEMENTS DURING YEAR I906 i Losses and claims 2 Annual payments and assessments re turned to members 12764 31 23 50 Total paid to members 12787 81 3 Commissions and fees retained by or paid to agents 8804 26 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 116027 6 Medical examiners fees whether paid direct by mem bers or otherwise S oB536 COMPTROLLERGENERALS REPORT 7 Salaries and other compensation of officers and other office employees 8 Rent 102720 taxes 6832 10 Advertising 17390 blanks and printing 26970 11 All other items viz Telephone 10035 stamps 4580 license 33000 furniture 18335 expressage 2069 legal fee 18550 miscellaneous including fuel repairing stationery office books etc 44605 Payment on loans Total expenses items 3 to 11 1612919 1808 55 1095 52 443 60 t3 74 1500 00 Total disbursements 28917 00 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks on reserved fund account Metropolitan Mercantile and Realty Company Sav ings 10 Total net or ledger assets 5200 00 68 10 1000 00 6268 10 VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 28634 25 22 Deduct estimated cost of collection 9544 41 23 Net amount due from members Total assets 19089 84 25357 94 VI11 ABILITIES 7 Borrowed money 3500 00 Total liabilities 3500 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 ui77 27942500 Policies or certificates written during the year 96 31577 473655 00 Total 42754 753o8o 00COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during 1906 405 Total policies in force December 31 1906 38704 Losses and claims on policies or certificates incurred during the year 1906 4I40 537 60750 00 692330 00 12025 17 MUTUAL LIFE INDUSTRIAL ASSOCIATION Jas L Webb President John A Darwin Secretary Principal Office 15 College Avenue Athens Ga IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR 1906 59501 33 1 Membership fees 2 Annual dues 3 Assessments 37212 75 23786 82 208656 00 Total paid by members 269655 57 Total income 269655 57 IIIDISBURSEMENTS DURING YEAR I906 2 Annual payments and assessments returned to mem bers 18144000 3 Commissions and fees retained by or paid to agents 18207 56 4 Commissions and fees retained by or paid to officers and directors 2721600 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 3273 10 7 Salaries and other compensation of officers and other office employees 4726 55 8 Rent 50000 taxes 100086 150086 10 Advertising 27514 blanks and printing 90296 1178 10 11 All other items viz Postage 178178 and other items 2405531 25837 09 Total expenses items 3 to 118193926 Total disbursements 263379 2S538 COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 20000 00 6 Cash in office and bank Georgia National 5608 70 7 Cash deposited in banks on reserved fund account 38868 00 8 Agents ledger balances 9C0 94 9 All other ledger assets viz Office fixtures 400 00 10 Total net or ledger assets 65777 64 VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost 4000 00 Total assets 69777 64 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1906 27244 15437457 00 Policies or certificates written during the year 1906 7836 4576720 00 Total 35o8o 20014177 00 Deduct number and amount which have ceased to be in force during 1906 10826 4366780 00 Total policies in force December 31 1906 24254 1564739700 Losses and claims on policies or certificates in curred during the year 1906 212 13783400 Losses and claims on policies or certificates paid during the year 1906 212 137834 00 THE MUTUAL FIRE INSURANCE COMPANY M J Morris President J G Portis Secretary Principal Office 26 12th Avenue Cordele Ga W H Dorris Cordele Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 550O 04 IIINCOME DURING YEAR I906 Total paid by members 5509 64 Total income 550O g4COMPTROLLERGENERALS REPORT HIDISBURSEMENTS DURING YEAR I96 I Losses and claims Total paid to members 3 Commissions and fees retained by or paid to agents 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 0990 taxes 6643 10 Advertising 52551 blanks and printing 41610 11 All other items viz Attorney fee Total disbursements IVINVESTED ASSETS 6 Cash in office Total net or ledger assets VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 470000 20 Annual payments or premiums in proc ess of collection not yet due 13 21 Total due from members 6 00 22 Deduct estimated cost of collection 360 00 23 Net amount due from members Business in the State of Georgia during the year No Policies or certificates in force December 31 1905 Soo Policies or certificates written during the year 1906 4032 Total 4532 Deduct number and amount which have ceased to be in force during 1906 937 Total policies in force December 31 1906 3595 Losses and claims on policies or certificates unpaid December 31 1906 639 776i 15 3061 15 1085 04 304 45 336 00 166 33 46865 58 00 5479 62 30 02 30 02 5640 00 Amount 11409 64 1171 25 10238 39 4000 00640 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates in curred during the year 1906 Losses and claims on policies or certificates paid during the year 1906 7061 is 3o6i 15 MUTUAL LIVE STOCK INSURANCE COMPANY OF GEORGIA W T Dreyer President W P Jackson Secretary Principal Office Talmadge Building Athens Ga IIINCOME DURING YEAR I906 r Membership fees 25373 90 2 Annual dues 15 SO 3 Assessments 14314 69 Total paid by members 39704 09 7 Cash received from all other sources viz Sundry fees 107 00 Total income 398ll 09 IIIDISBURSEMENTS DURING YEAR I906 1 Losses and claims 14062 50 2 Annual payments and assessments re turned to members 879 45 Total paid to members 14941 95 3 Commissions and fees retained by or paid to agents 10724 07 4 Commissions and fees retained by or paid to officers and directors 5927 89 6 Medical examiners fees whether paid direct by mem bers or otherwise 037 0r 8 Rent 20500 taxes 15067 355 67 to Advertising 20139 blanks and printing 139169 1593 08 11 All other items viz General expenses 2933 94 Total disbursements 37413 65 IVINVESTED ASSETS 7 Cash deposited in banks on reserved fund account Georgia National Bank of Athens 84000 All other deposits Georgia National Bank of Athens 312 47 8 Agents ledger balances 734 68 fl All other ledger assets 8473 42556 510 29 Total net or ledger assets 2397 44 wi COMPTROLLERGENERALS REPORT 541 Business in the State of Georgia during the year No Amount Policies or certificates written during the year I9o6 6805 io573ooo Deduct number and amount which have ceased to be in force during 1906 54S 847300 00 Total policies in force December 31 1906 1400 21000000 Losses and claims on policies or certificates paid during the year 1906 14S 14062 50 MUTUAL BENEFIT LIFE INSURANCE COMPANY A V Simms President L W Shaw Secretary Principal Office Valdosta Ga Win A Wright Atlanta Attorney for Service in Georgia IIINCOME DURING YEAR I906 1 Membership fees 2 Annual dues 3 Assessments 7208 00 2150 00 19032 50 28390 50 Total paid by members 28390 50 Total income IIIDISBURSEMENTS DURING YEAR 1006 i Losses and claims 53o8 oo Total paid members 3 Commissions and fees retained by or paid to agents 7 Salaries and other compensation of officers and other office employees 8 Rent 24000 taxes 10200 10 Advertising 34000 blanks and printing 12500 15308 00 2296 20 1480 00 342 00 465 00 Total disbursements IVINVESTED ASSETS 7 Cash deposited in banks on reserved fund account Citizens Bank All other deposits Citizens Bank 19891 20 no 75 6021 08 Total net or ledger assets 8499 30642 COMPTROLLERGENERALS REPORT VCONTINGENT ASSETS i6 Due from members for claims not yet assessed 3460 00 18 Mortuary assessments not yet due Sooo 00 19 Annual payments or premiums due and unpaid on memberships in force 725 00 21 Total due from members 9185 00 22 Deduct estimated cost of collection 25 00 23 Net amount due from members 9160 00 viliabilities I Losses due and unpaid No of claims 5 for one thousand dollars each Sooo 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 3631 Policies or certificates written during the year 1906 1660 Total 5291 Deduct number and amount which have ceased to be in force during 1906 1120 Total policies or certificates in force De cember 31 1906 4171 Losses and claims on policies or certificates in curred during the year 1906 20 16094 00 NEW SOUTH MUTUAL LIFE INSURANCE COMPANY B S Calhoun President W E Currier Secretary Principal Office Atlanta GaCOMPTROLLERGENERALS REPORT 543 PILGRIM HEALTH AND LIFE INSURANCE COMPANY H C Young President T J Walker Secretary Principal Office 11111113 Ninth Street Augusta Ga Hon W A Wright Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year 304 58 IIINCOME DURING YEAR IOX6 1 Membership fees 2 Annual dues 1801 10 22205 25 Total paid by members 5 5 Interest 7 Cash received from all other sources viz Revivals deficiencies and endorsements Total income 24006 35 200 00 207 10 24413 45 IIIDISBURSEMENTS DURING YEAR IO06 10521 82 8 60 1 Losses and claims 2 Annual payments and assessments re turned to members 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 agen cies and general special and local agents 6 Medical examiners fees whether paid direct by mem bers or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rent 36625 taxes 25862 9 Advanced to officers and agents to be repaid out of future salaries or commissions 10 Advertising 12983 blanks and printing 57966 11 All other items viz Office furniture and fixtures 23180 postage expressage and fuel 29896 10530 42 8122 17 916 01 2083 16 667 90 624 87 72 00 709 49 530 76 Total disbursements 24267 78544 COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 52 o 6 Cash in office 83 76 All other deposits IrishAmerican Bank 36649 8 Agents ledger balances 1603 5 Total net or ledger assets 7253 3 VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force 1603 5 20 Annual payments or premiums in proc ess of collection not yet due 38002 05 21 Total due from members 22 Deduct estimated cost of collection 39605 10 9901 22 23 Net amount due from members 24 All other assets viz Ledger balances Total assets 29703 88 45 25 37607 43 VILIABILITIES 8 To officers or others for advances on account of ex penses of bonds 5200 00 9 Amount of all other liability viz Printing 198 50 Total liabilities 5398 5 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 12909 258180 00 Policies or certificates written during the year 190618216 36432 0 Total 31125 62250000 Deduct number and amount which have ceased to be in force during 1906 3679 7358o 00 Total policies in force December 31 1906 27446 548920 00 Losses and claims on policies or certificates in curred during the year 1906 10521 82 Losses and claims on policies or certificates paid during the year 1906 10521 82COMPTROLLERGENERALS REPORT 545 I PROTECTION FIRE INSURANCE COMPANY OF GEORGIA Principal Office Lithonia Ga PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY Thomas Maclellan President Robert J Maclellan Secretary Home Office 105 E 7th Street Chattanooga Tenn Wm A Wright Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net ledger assets December 31st of pre vious year 26635 16 IIINCOME DURING THE YEAK I Gross amount of membership fees re quired or represented by application 4060 00 3 Premiums or assessments 44J98 65 Total paid by members 48258 65 4 Interest 1233 33 6 From all other sources viz Cash deposited to in crease mortuary fund 775 00 Total income during the year 57241 98 IIIDISBURSEMENTS FOR THE YEAR 1 Death benefit claims paid 1733 80 2 Disability sick and accident benefit claims paid 14580 56 Total paid to members 16314 36 4 Commissions and fees retained by or paid or allowed to agents or collectors 13162 91 6 Salaries and allowances of managers and agents not paid by commissions 11493 5 7 Salaries of officers 3020 00 8 Salaries and other compensation of office employees 1033 00 9 Rent 51475 taxes 38062 advertising and print ing 114263 203800 10 Insurance department fees and agents licenses 26288 legal expenses 39974 662 62 35 in546 COMPTROLLERGENERALS REPORT II All other items viz Medical examinations 21100 traveling expenses 38572 furniture and fixtures 22525 general expenses 53198 1353 95 Total disbursements IVINVESTED ASSETS 4 Book value of bonds and stock owned 5 Agents debit balances 6 Cash deposited in bank Current account Citizens Bank Trust Co 431740 special account Citizens Bank Trust Co subject to control of in surance commissioner of Tennessee 20000x0 7 Total DEDUCT LEDGER LIABILITIES 8 Agents credit balances 1334 85 9 Total net ledger assets 34798 80 49078 34 I00C0 00 1816 25 24317 40 36133 65 THE STERLING MUTUAL LIFE INSURANCE COMPANY OF GEORGIA F C Foster Sr President T H Holland Secretary Principal Office Madison Morgan county Georgia IIINCOME DURING YEAR 1936 1 Membership fees 2370 00 Total paid by members 2370 00 Total income 2370 00 IIIDISBURSEMENTS DURING YEAR 1906 3 Commissions and fees retained by agents 1422 00 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 6 00 9 Advanced to officers and agents to be repaid out of future salaries or commissions 114 00 JO Blanks and printing 172 00COMPTROLLERGENERALS REPORT II All other items viz Loose leaf ledgers 2800 fit ting up office Soo cost of charter and certificate 10400 Total disbursements IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely All other deposits Sparta Bank 1000 Newton Co Bank 500 City National Bank 4600 Bank of Crawford 6000 Bank of G W Felker 11600 Bank of Henry Co 1900 Bank of Eatonton 1300 Upson Banking Co 2600 Morgan Co Bank 17900 total Total net or ledger assets VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost face value 500000 actual market value 510000 Total assets Business in the State of Georgia during the year No Policies or certificates in force December 31 1906 474 Policies or certificates written during the year 1906 474 Total policies or certificates in force Decem ber 31 1907 474 547 182 00 1896 00 5000 00 474 00 5474 00 100 00 5574 00 Amount 474 00 474 00 SOUTH GEORGIA FARMERS FIRE INSURANCE COMPANY Jesse Ward Jr President Robert Alexander Secretary Principal Office 118 Broad Street Thomasville Ga E L Neel Thomasville Attorney for Service in Georgia nINCOME DURING YEAR I906 I Membership fees 52 62 3 Assessments 3oi3 5 Total income 3i66 12548 COMPTROLLERGENERALS REPORT HIDISBURSEMENTS DURING YEAR I906 Total paid to members 271400 4 Commissions and fees retained by or paid to officers and directors 449 57 8 Commuted commissions 2 55 Total disbursements 3166 12 VILIABILITIES i Losses due and unpaid No of claims 1 200 00 8 To officers or others for advances on account of ex penses of organization 156 OO Total liabilities 356 00 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 1905 460 400000 00 Policies or certificates written during the year 1906 31 24860 00 Total 491 424860 00 Deduct number and amount which have ceased to be n force during 1906 46 26775 or Total policies in force December 31 1906 445 398085 00 Losses and claims on policies or certificates in curred during the year 1906 6 3213 50 Losses and claims on policies or certificates paid during the year 1906 5 3013 5 Balance due officers and partial payment and loss 356 00 SOUTHEASTERN MUTUAL FIRE INSURANCE COMPANY OF MACON GA J E Mansfield President H E Harrison Secretary Principal Office 2627 Exchange Bank Building F P Mansfield Macon Attorney for Service in GeorgiaCOMPTROLLERGENERALS REPORT 549 THE SOUTHERN MUTUAL LIVE STOCK ASSOCIATION J H Blackwell President W D Seymour Secretary Principal Office Elberton Ga C P Harris Elberton Attorney for Service in Georgia IIINCOME DURING YEAR IO06 I Membership fees 136465 4 For medical examiners fees 78 00 Total income 144265 IIIDISBURSEMENTS DURING YEAR IO06 i Losses and claims Total paid members 3 Commissions and fees retained by or paid to agents 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 6 Medical examiners fees whether paid direct by mem bers or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rent 9 Advanced to officers and agents to be repaid out of future salaries or commissions 10 Advertising 100 00 575 60 75 00 26 20 60 00 24 20 40 50 235 20 Total disbursements 1136 70 IVINVESTED ASSETS 7 Cash deposited in banks on reserved fund account 305 95 Total net or ledger assets 305 95 VILIABILITIES o Amount of all liabilities viz Mortuary fund Surplus Total liabilities 189 90 116 05 305 95550 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year No t mount Policies or certificates written during the year 375 49225 00 Deduct number and amount which have ceased to be in force during 1906 12 120000 Total policies or certificates in force Decem ber 31 1906 363 4802500 SOUTHERN LIFE AND HEALTH INSURANCE COMPANY OF GEORGIA W H Hallman President H D Sorrells Secretary Principal Office 509511 Temple Court Bldg Atlanta Ga Walter McElreath Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets May 24 1906 IIINCOME DURING YEAR IO06 1 Membership fees 2 Annual dues 39 50 2865 80 Total paid to members 5 Interest 7 Cash received from all other sources viz Advanced by officers Total income IIIDISBURSEMENTS DURING YEAR IO06 1 Losses and claims Sick 33465 death 20000 534 65 2 Annual payments and assessments re turned to members 6 55 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 8 Rent 9000 taxes 11465 10 Advertising 10095 blanks and printing 18410 11 All other items viz Furniture postage and express 5500 oa 3260 30 87 50 1346 81 4694 61 541 20 1147 77 740 00 204 55 285 05 129 40 Total disbursements 5047 97I COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks on reserved fund account Third National Atlanta Total net or ledger assets VCONTINGENT ASSETS 12 Interest accrued 19 Annual payments or premiums due and unpaid on memberships in force 125 00 20 Annual payments or premiums in proc ess of collection not yet due 5614 70 21 Total due from members 5739 7o 22 Deduct estimated cost of collection 1147 94 23 Net amount due from members 24 All other assets viz Furniture 12500 books and blanks 10000 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 written during the year 1906 2527 Deduct number and amount which have ceased to be in force during 1906 969 Total policies in force December 31 1906 1558 551 5000 00 50 00 96 64 5146 64 87 50 459i 76 225 00 10050 90 6346 81 6346 81 Amount 60648 00 23256 00 37392 00 SOUTHERN COOPERATIVE LIVE STOCK INSURANCE CO Jno N Booth President L J Guissert Secretary Principal Office Clayton Street Athens Ga W M Smith Athens Attorney for Service in Georgia552 COMPTROLLERGENERALS REPORT SUNLIGHT INSURANCE COMPANY S J Sheffield President E J Crockett Secretary Principal Office 1419 Empire Bldg Atlanta Ga Walter McElreath Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 273 4 IIINCOME DURING YEAR I906 1 Membership fees 227 4 2 Annual dues 3547 85 Total paid by members 3775 25 Total income 3775 25 IIIDISBURSEMENTS DURING YEAR I906 1 Losses and claims 229 00 2 Annual payments and assessments re turned to members 4 50 Total paid to members 233 50 3 Commissions and fees retained by or paid to agents 2685 35 4 Commissions and fees retained by or paid to officers and directors 260 00 8 Rent 13285 taxes 9114 22399 10 Advertising 2125 blanks and printing 11275 134 00 11 All other items viz Office furniture 2000 postage express 1445 34 45 Total expenses items 3 to 11 39244 Total disbursements 3571 29 IVINVESTED ASSETS 6 Cash in office 227 00 7 Cash deposited in banks on reserve fund account Fourth National Bank 250 00 10 Total net or ledger assets 447 00COMPTROLLERGENERALS REPORT VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 481 9 20 Annual payments or premiums in proc ess of collection not yet due 8200 40 21 Total due from members 868230 22 Deduct estimated cost of collection 25 per cent 2V 57 23 Net amount due from members 24 All other assets viz Office furniture 5000 books and blanks 5000 Total assets Business in the State of Georgia during the year No Policies or certificates in force December 31 I9o6 393 Policies or certificates written during the year I9o6 Total 2257 Deduct number and amount which have ceased to be in force during 1906 IIS Total policies in force December 31 1906 1242 Losses and claims on policies or certificates in curred during the year 1906 Losses and claims on policies or certificates paid during the year 1906 553 6511 73 7o88 73 Amount 48800 00 227400 00 275200 00 120000 00 155200 00 SOUTHERN MUTUAL LTFE INSURANCE ASSOCIATION A D Candler President Thos C Candler Secretary Principal Office 502503504 Candler Bldg Atlanta Ga A D Candler Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year TIINCOME DURING YEAR I906 Membership fees 30ioi oo 2 Annual dues IO68 00554 COMPTROLLERGENERALS REPORT 3 Assessments 76939 60 Total paid by members 11710860 Total income 11710860 IIIDISBURSEMENTS DURING YEAR I906 I Losses and claims 3 Commissions and fees retained by or paid to agents 4 Cost of collecting assessments 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 67000 taxes 72227 9 Advanced to officers and agentsto be repaid out of future salaries or commissions 10 Advertising 331x8 blanks and printing 131933 11 All other items viz Exchange 2836 postage 262976 supplies 34547 other items 15140 Compensation of officers Total expenses footings of items 3 to II 4869817 70060 00 15952 59 u349 44 2935 00 4016 00 1392 27 1247 47 1650 41 3154 99 7000 00 Total disbursements n8758 17 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks on reserved fund account Central Bank and Trust Co 1559 42 Atlanta Na tional Bank R E Green Treasurer account 4 74482 All other deposits In hands branch treasurers local banks 10 Total net or ledger assets 35676 37 528 29 6304 24 10787 00 y3295 90 VILIABILITIES 6 To officers or others for advances on account of ex penses of organization 9 Amount of all other liability viz Agents balances unsecured t75o 00 1247 47 Total liabilities 2997 47S5gv COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year 555 No Amount Policies or certificates in force December 31 IQ03 11605 3293379 00 Policies or certificates written during the year 1906 3290 267653 00 Total 14895 3561032 00 Deduct number and amount which have ceased to be in force during 1906 J 1800150 00 Total policies in force December 31 1906 8120 1760882 00 Losses and claims on policies or certificates in curred during the year 1906 149 66648 00 Losses and claims on policies or certificates paid during the year 1906 M9 6664800 UNION FIRE INSURANCE COMPANY OF ATLANTA GA S C McEachern President J E Babb Secretary Principal Office 25 Inman Bldg Atlanta Ga Walter McElreath Atlanta Attorney for Service in Georgia IIASSETS 12 Cash in companys principal office 3 00 Total assets of the company 300 a IVINCOME DURING THE YEAR 7 Entire premiums collected during the year Fire 183 30 12 Income received from all other sources omitting in crease if any in value of securities viz Advanced 218 30 by directors t Aesrreeate amount of income actually received during u 401 60 the year in cash f vEXPENDITURES DURING THE YEAR 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 52860 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Printing 4000 rent 3200 72 Aggregate amount of actual expenditures during the 66 601 6a year in cash v556 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Fire risks written Premiums received gross 26000 00 183 30 UNION MUTUAL ASSOCIATION T W Walker President William Driskell Secretary Principal Office 212 Auburn Avenue Atlanta Ga H L Johnson Atlanta Attorney for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR IO06 1 Membership fees 304 13 2 Annual dues 56829 57 Total paid by members 5 Interest on bonds Revivals deficiency and miscellaneous Total income IIIDISBURSEMENTS DURING YEAR IO06 I Losses and claims 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agen cies and general special and local agents 7 Salaries and other compensation of office employees 8 Rents 159050 taxes 141063 10 Advertising 20590 blanks and printing 73060 11 All other items viz Postage expressage furniture miscellaneous Total expenses footings of items 3 to 11 2525170 687 32 57133 7o 200 00 2167 3 59500 73 32914 95 11927 40 4500 00 3259 86 609 38 3001 13 942 50 1011 43 Total disbursements 58166 65 IVINVESTED ASSETS 5 Cost value of bonds owned absolutely 310000 6 Cash in home and branch offices 520 06COMPTROLLERGENERALS REPORT 557 All other deposits Neal Bank Atlanta 109234 Penny Savings Bank Birmingham Ala 41000 1502 34 8 Agents ledger balances 2233 75 9 All other assets viz Furniture fixtures safe books supplies machines 3500 00 10 Total net or ledger assets 12856 09 VCONTINGENT ASSETS 12 Interest accrued 15 Market value of bonds over cost 19 Annual payments or premiums due and unpaid on memberships in force 2233 75 20 Annual payments or premiums in proc ess of collection not yet due 57290 80 21 Total due from members 22 Deduct estimated cost of collection 59524 55 14881 13 23 Net amount due from members 24 All other assets viz Interest on bonds for 1907 Total assets 100 00 100 00 44643 42 200 00 45043 42 VILIABILITIES 3 Losses reported for which assessments have not been made Number of claims 6 15000 7 Interest due or accrued on purchase of bonds 2400 00 Balance due upon furniture 49 84 Total liabilities 2599 84 Business in the State of Georgia during the year No Amount Policies or certificates in force December 31 IQ0S 12125 389956 65 Policies or certificates written during the year 1006 13262 374587 50 Total 2S387 764544 15 Deduct number and amount which have ceased to be in force during 1906 7324 245872 00 Total policies in force December 31 1906 18063 518672 15 Losses and claims on policies or certificates un paid December 31 1906 4 169 00558 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates in curred during the year 1906 732i 33o83 95 Total 7325 33252 95 Losses and claims on policies or certificates paid during the year 1906 737 32914 95 THE UNION BENEFIT ASSOCIATION Julian Smith President Geo W Jacobs Secretary Principal Office 20 State Street Savannah Ga Stubbs Chapman Savannah Attorneys for Service in Georgia IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 5354 72 IIINCOME DURING YEAR I906 3 Assessments 18927 48 Total income 18927 48 IIIDISBURSEMENTS DURING YEAR I906 i Losses and claims 5778 81 3 Commissions and fees retained by or paid to agents 7133 62 7 Salaries and other compensation of officers and other office employees 2965 02 8 Rent 23830 sundry bills 14799 38629 II All other items 2582 61 Total expenses footings of items 3 to II 1306755 Total disbursements 18846 35 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned absolutely 5180 00 6 Cash in office 255 85 10 Total net or ledger assets 5435 85 VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 393 99 52 20487 48 21 Total due from members 20487 48COMPTROLLERGENERALS REPORT 559 22 Deduct estimated cost of collection fif teen per cent 3073 11 23 Net amount due from members 17414 37 24 All other assets viz Charter furniture and ma terial 750 00 Total assets 23600 22 VILIABILITIES 7 Bills payable Total liabilities Business in the State of Georgia during the year No Policies or certificates in force December 31 1906 3671 Losses and claims on policies or certificates in curred during the year 1906 Losses and claims on policies or certificates paid during the year 1906 3242 90 3242 90 Amount 367 13 5778 8l 5778 81 TNA LIFE INSURANCE COMPANY OF CONNECTICUT M G Bulkeley President C E Gilbert Secretary Home Office 650 Main Street Hartford Conn 1CAPITAL STOCK 1 Amount of capital paid up in cash 2000000 00 2 Amount of net ledger assets as per balance December 31 1905 74941112 50 Extended at 74941112 50 IIINCOME As shown by the books at the home office at close of business Dec 31 1906 Entire premiums collected during the year Accident 157795817 health 209415 g3 liability 283918924 4626563 34 Deduct reinsurance return premiums and cancellations Accident 7318739 health 1265300 liability 22112173 30696212 18 Total net cash actually received for premiums 4319601 23560 COMPTROLLERGENERALS REPORT 20 Interest on mortgage loans 1794070 97 21 Interest on collateral loans 45837 00 22 Interest on bonds and dividends on stocks 1207970 07 23 Interest on deposits 73569 78 24 Interest from all other sources 301439 05 25 Gross rents from companys property includ ing 2300000 for companys own occu pancy 41759 4 Discount on claims paid in advance 1965 37 26 Total interest and rents 3466611 64 27 Profit on sale or maturity of ledger assets Real estate 16 27127 stocks and bonds 9907180 115343 07 37 Premium income life business 10403279 68 38 Total income during the year 18304835 61 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1906 1 Gross amount paid for losses Accident 63190358 health 8837664 liability 116159491 1881875 13 2 Deduct reinsurance Accident 642685 health 294641 9373 26 3 Net amount paid policyholders for losses 1872501 87 4 Investigation and adjustment of claims Accident 12418 II health 2340 liability 10414884 11659035 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 52217341 health 6390081 liability 6n04975 M97I23 97 19 Stockholders for interest or dividends amount declared during the year 50000 00 20 Salaries fees and all other compensation of officers and home office employees 153890 25 21 Salaries traveling and all other expenses of agents not paid by commissions 95590 78 22 Medical examiners fees and salaries 11866 72 23 Inspections other than medical 43513 67 24 Rents 34565 26 27 All other taxes licenses and insurance department fees 60040 17 28 Legal expenses J668 95 29 Advertising J4203 I2 30 Printing and stationery 55211 45 31 Postage and express 34678 63 32 Furniture and fixtures 24353 62 34 Surrender value on accident policies 583 80COMPTROLLERGENERALS REPORT 35 Investment expense 36 Sundry expense 561 129 69 23631 64 41 Disbursements accident health and liability business 3790143 94 42 Disbursements life business 9519346 41 43 Total disbursements 13309490 35 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1906 1 Book value of real estate unincumbered 616220 01 2 Mortgage loans on real estate first liens 37904178 39 3 Loans secured by pledge of bonds stocks or other collat erals 1065085 49 4 Book value of bonds excluding interest 2380216485 and book value of stocks 432344656 I 28125611 41 5 Cash in companys office 14214757 deposited in bank 7 12343457 7265582 14 6 Bills receivable 41501 18 8 Agents balances 51970 61 9 Loans made to policyholders on this companys policies as signed as collateral 4582330 00 10 Premium notes or liens on policies in force of which 3 30827 is for first years premiums 283978 53 n Ledger assets 79936457 76 NONLEDGER ASSETS 12 Interest due 9301207 and accrued 40896973 on mort gages 501981 80 13 Interest due 335500 and accrued 15355051 on bonds 156905 51 14 Interest due 969722 and accrued 935889 on collateral loans 19056 11 15 Interest due 24680185 and accrued 21456 on other assets 247016 41 16 Rents accrued on companys property or lease 1850 00 18 Market value not including interest in item 13 of bonds and stocks over book value 2516751 22 19 Gross premiums in course of collection viz Net amount of uncollected and deferred premiums 743567 27 37 Gross assets 84123586 08 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 41501 18 45 Agents balances unsecured 5197 61 36 in562 COMPTROLLERGENERALS REPORT 46 Premium notes loans or liens in excess of reserve on policies 362 20 93833 99 50 Admitted assets 84029752 09 VLIABILITIES I Losses and claims In process of adjustment Accident 33319 37 health 71681 34036 18 Reported proofs not received Accident 1100000 health 150000 1250000 Resisted Accident 10950350 health 1 96071 11146421 15 Net unpaid claims except liability claims 158000 39 16 Special reserve for unpaid liability losses 1536166 55 18 Total unpaid claims and expenses of settlement 1694166 94 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 298292891 un earned premiums 50 per cent 1491464 45 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 12309042 unearned premiums pro rata 101413 07 21 Total unearned premiums and reserve 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 39 Liabilitiesaccident health and liability business 40 Liabilitieslife business 1592877 52 2500 00 3289544 46 73526880 10 41 Total amount of all liabilities except capital 76816424 56 42 Capital actually paid up in cash 2000000 00 43 Surplus over all liabilities 5213327 53 44 Surplus as regards policyholders 45 Total liabilities 7213327 53 84029752 09 Business in the State of Georgia during the year Accident Health Gross premiums received on risks written or renewed during the year 34424 46 Gross losses paid 13212 34 Gross losses incurred 3i75 99 Liability 58i3 43 9210 73 4351 06 7700 90 3151 06 7700 90 COMPTROLLERGENERALS REPORT 563 ETNA INDEMNITY COMPANY OF CONNECTICUT Arthur P Heinze President Charles I Brooks Secretary Home Office 36 Pearl Street Hartford Conn 1CAPITAI STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 1905 109745520 Extended at 1097455 20 11income Gross premiums unpaid December 31 1905 Fidelity 1481689 surety 7526092 plate glass 2186222 burglary and theft 5310671 16513674 Gross premiums written and renewed dur ing 1906 Fidelity 9232969 surety 27784388 plate glass 9682286 bur glary and theft 18926132 65625775 Total 821394 49 Deduct gross premiums now in course of collection Fidelity 927039 surety 5763402 plate glass 1789797 bur glary and theft 3857967 123382 05 iintire premiums collected during 1906 Fidelity 9787619 surety 29547078 plate glass 10078711 burglary and theft 20387836 698012 44 Deduct reinsurance return premiums and cancellations Fidelity 1835650 surety 6140827 plate glass 1634222 bur glary and theft 6774775 163854 74 18 Total net cash actually received for premiums 534157 70 22 Interest on bonds and dividends on stocks 35332 35 23 Interest on deposits 7952 77 26 Total interest and rents 27 Profit on sale or maturity of ledger assets Atlantic Coast Line Ry first mort 37500 Union Pacific Ry first mortgage gold bonds 75000 Erie Ry general lien gold coupon 48750 C C C St L Ry general gold cou pon 58125 EriePenna Coal Co collateral coupon 43285 12564 COMPTROLLERGENERALS REPORT 20000 Northern PacificGreat Northern joint C B Q collaterals 28125 Amalgamated Copper Co 3730 33 Premiums in suspense awaiting further information 34 Premiums paid in advance 38 Total income IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 17 996S9J surety 21881359 plate glass 3034410 burglary and theft 4972449 316878 J7 2 Deduct salvage and reinsurance Fidelity 801155 surety 8487393 plate glass 22568 burglary and theft 675556 9986672 6405 00 167 50 145 So 584160 82 3 Net amount paid policyholders for losses 217012 05 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fi delity 1678800 surety 5509619 plate glass 27855 37 burglary and theft 4046498 140204 54 20 Salaries fees and all other compensation of officers and home office employees 87385 46 21 Salaries traveling and all other expenses of agents not paid by commissions 32148 79 24 Rents 19122 22 27 All other taxes licenses and insurance department fees 17934 74 28 Legal expenses 11586 74 29 Advertising 1652 12 30 Printing and stationery I3I32 47 31 Postage and express telephone telegraph etc 12450 28 32 Furniture and fixtures 4439 97 33 Loss on sale or maturity of ledger assets LouisvilleNash ville Ry So Motion joint collateral 23000 Norfolk Western Ry Pocahontas Coal Co first mortgage consol idated 15250 Mexican Government 4 per cent gold bonds 2500 WesternUnion Telegraph funded real es tate mort bondsgold 42500 832 50 37 All other disbursements Office and general expense 13 29763 traveling and investment expense 628158 J9579 21 41 Premiums charged to suspense acct uncollectable at present 7778 90 42 Miscellaneous 2180 33 46 Total disbursements 617573 95 IVLEDGER ASSETS i Book value of real estate unincumbered 200 00 2 Mortgage loans on real estate first liens 4100 00 4 Book value of bonds excluding interest 8258625 and book value of stocks 43706994 719656 19COMPTROLLERGENERALS REPORT 565 5 Cash in companys office 733904 deposited in bank 302 IIl85 309450 89 7 Other ledger assets Premium balances due from agents 156931 judgment secured by real estate valued over incumbrances at 240000 indemnifying agreements se cured by chattel mortgage on dumping scows etc 11 00000 preferred claims of U S A in bankruptcy of Smith Robinson bankrupts Fund in hands of trustee more than sufficient to satisfy 166568 claim against Jacob M Layton whose estate is undergoing voluntary liquidation for purpose of paying creditors All quick assets Distribution expected soon 14700000 30634 99 11 Ledger assets 1064042 07 NONLEDGER ASSETS 13 Interest accrued on bonds 3182 46 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Fidelity 751327 sure ty 2760135 plate glass 1591819 bur glary and theft 3459034 85623 15 On policies or renewals issued prior to Oc tober I 1906 Fidelity 175712 surety 3003267 plate glass 197978 bur glary and theft 398933 37758 90 33 Total 123382 05 37 Gross assets 1190606 28 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October I 1906 37758 90 44 Book value of ledger assets over market value 2380 69 45 Premium balances due from agents 1569 31 41708 90 51 Admitted assets 1148897 68 vLIABILITIES 1 Losses and claims Adjusted Burglary and theft 60206 In process of adjustment Fidelity 1 20183 surety 1578224 plate glass 2 31821 burglary and theft 331425 22616 53 Reported proofs not received Burglary and theft 4404 25566 COMPTROLLERGENERALS REPORT Resisted Fidelity 475000 surety 35 60200 burglary and theft 469792 45049 92 13 Total 14 Deduct reinsurance 72672 76 85 66 15 Net unpaid claims except liability claims 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 52872792 un earned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2729158 un earned premiums pro rata 264363 96 13811 40 21 Total unearned premiums 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Fidelity 149599 surety 572756 plate glass 552473 burglary and theft 874514 30 Return premiums 31 Reinsurance 32 Advance premiums 100 per cent and premiums in sus pense 41 Contingent fund voluntarily set aside by the company 45 Surplus as regards policyholders 72587 ia 8i75 36 i493 42 2307 02 5970 47 313 00 100000 00 42 Total amount of all liabilities except capital 480846 37 43 Capital actually paid up in cash 500000 00 44 Surplus over all liabilities 168051 31 668051 31 46 Total liabilities 1148897 68 Business in tlic State of Georgia during the year Plate Burglary Fidelity Surety Glass Theft Gross premiums received on risks written or renewed during the year 2013 01 8976 40 486 50 643 42 Gross losses paid 111965 24130 41288 COMPTROLLERGENERALS REPORT 567 AMERICA BONDING COMPANY OF BALTIMORE MD George Cator President R C Carson Secretary Home Office Equitable Building Baltimore Md ICAPITAL 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 1443739 31 Extended at 1443739 31 IIINCOME Gross premiums unpaid December 31 last year Fidelity and surety 12276374 bur glary and theft 2331560 146079 34 Gross premiums written and renewed dur ing the year Fidelity and surety 711153 36 burglary and theft 15635194 867505 30 Total 1013584 64 Deduct gross premiums now in course of col lection Fidelity and surety 9579356 burglary and theft 2909510 124888 66 Entire premiums collected during the year Fidelity and surety 73812354 burglary and theft 15057244 888695 98 Deduct reinsurance return premiums and cancellations Fidelity and surety 133409 33 burglary and theft 5742 15 190811 48 18 Total net cash actually received for premiums 20 Interest on mortgage loans 865 63 21 Interest on collateral loans 871 23 22 Interest on bonds and dividends on stock 51705 68 23 Interest on deposits 2097 91 25 Gross rents from companys property 1161 41 26 Total interest and rents 27 Profit on sale or maturity of ledger assets United Railways and Electric Company of Baltimore bonds sold 25937 real estate Tacoma Washington sold 56440 32 From all other sources Appreciation in market value ledger assets during year 2187872 income from in vestment of collateral deposits during year 1161657 697884 50 56701 86 823 77568 COMPTROLLERGENERALS REPORT interest paid on collateral deposits during year 840647 net income from collateral deposits during year 321010 premiums paid in advance 794240 38 Total income 33031 22 788441 35 IIIDISBURSEMENTS 1 Gross amount paid for losses Surety 256 73065 burglary and theft 3820886 2 Deduct salvages and reinsurance Surety 13138719 burglary and theft 429065 295029 51 135677 84 3 Net amount paid policyholders for losses 159351 67 4 Investigation and adjustment of claims Fidelity and sure ty 3277956 burglary and theft 179043 34369 99 14 Commissions or brokerage less amount received for return premiums and reinsurance for the following classes Fi delity and surety 15727377 burglary and theft 27 36477 184638 54 20 Salaries fees and all other compensation of officers direct ors trustees and home office employees 87264 34 21 Salaries traveling and all other expenses of agents not paid by commissions 58161 86 23 Inspections other than medical 9874 44 24 Rents 7486 95 25 Repairs and expenses other than taxes on real estate 391 80 26 Taxes on real estate 1237 4 27 All other taxes licenses and insurance department fees 25092 17 28 Legal expenses 4584 72 29 Advertising 7454 23 30 Printing and stationery 12699 29 31 Postage and express 4425 76 32 Furniture and fixtures 10360 68 Loss on sale or maturity of ledger assets Baltimore Mary land bonds sold 193438 Consolidated Gas Company of Baltimore bonds sold 30000 United Railway and Elec tric Company of Baltimore bonds sold 3583 real es tate Buffalo New York sold 311248 5382 69 All other disbursements General miscellaneous expenses 2278009 depreciation in market value ledger assets dur ing year 3644547 depreciation in market value collat eral deposit investment during year 659000 profit and loss 64270 66458 26 33 37 46 Total disbursements 689434 79COMPTROLLERGENERALS REPORT 569 IVLEDGER ASSETS 1 Book value of real estate unincumbered 889120 incum bered 327759 12l58 79 2 Mortgage loans on real estate first liens 10000 00 3 Loans secured by pledge of bonds stocks or other col laterals 64500 00 4 Book value of bonds excluding interest 125078525 and book value of stocks 4950000 1300285 25 5 Cash deposited in banks 129541 83 7 Other ledger assets viz Judgment against the Houston Oil Co of Texas in the amount of 3500000 fully secured 26250 00 II Ledger assets i542745 87 NONLEDGER ASSETS 13 Interest due 93750 and accrued 653661 on bonds 7474 14 Interest due on collateral loans 512 07 Total 7986 18 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October I 1906 Surety 6269342 bur glary and theft 2522659 87920 01 On policies or renewals issued prior to Oc tober 1 1006 Surety 3310014 burglary and theft 386851 36968 65 33 Total I24888 66 37 Gross assets 1675620 71 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to Oc tober 1 1906 36968 65 51 Admitted assets 1638652 06 VLIABILITIES i Losses and claims In process of adjustment Surety 3739774 burglary and theft 180137 39199 H Reported proofs not received Surety 16 61526 burglary and theft 603820 22653 46 Resisted Surety 28248995 burglary and theft 41575 28295 7 18 Total unpaid claims and expenses of settlement 344758 27570 COMPTROLLERGENERALS REPORT 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 76614536 unearned premiums 50 per cent 383072 68 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2624331 un earned premiums pro rata 21615 34 21 Total unearned premiums 404688 02 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Surety and fidelity 1567335 bur glary and theft 630663 21979 98 31 Reinsurance 6220 49 32 Advance premiums too per cent 7942 40 42 Total amount of all liabilities except capital 785589 16 43 Capital actually paid up in cash 500000 00 44 Surplus over all liabilities 33062 90 45 Surplus as regards policyholders 853062 90 46 Total liabilities 5 1638652 o6 Business in the State of Georgia during the year Surety and Burglary i Fidelity and Theft Gross premiums received on risks written or re newed during the year 1639025 32904 Gross losses paid 3433 8a 2S7 g THE AMERICAN CREDIT INDEMNITY CO OF NEW YORK S M Phelan President E M Treat Secretary Home Office 302 Broadway New York City N Y Shepard Bryan Atlanta Attorney for Service in Georgia rCAPITAL STOCK 1 Amount of capital paid up in casn 1000000 00 2 Amount of ledger assets as per balance De cember 31 of previous year 2240535 57 Extendedat 224053557COMPTROLLERGENERALS REPORT 571 IIINCOME i Gross premiums unpaid December 31 last year credit 77459 59 2 Gross premiums written and renewed during the year credit 1244132 41 Total 1321592 00 3 Deduct gross premiums now in course of col lection 76958 97 4 Entire premiums collected during the year 1244633 03 5 Deduct reinsurance return premiums and cancellations 28810 45 18 Total net cash actually received for premiums 1215822 58 22 Interest on bonds 67037 90 27 Profit on sale or maturity of ledger assets Gain on sales of 25000 St L I M Sou 5 per cent bonds 111037 and 6000 St L S W Ry 4 per cent bonds 375 25000 Texas Pacific Ry 5 per cent bonds 175901 10000 City of New York 4 per cent 37500 total 3248 13 38 Total income 1286108 61 IIIDISBURSEMENTS 1 Gross amount paid for losses credit 471109 49 2 Deduct salvage and reinsurance 2622084 3 Net amount paid policyholders for losses 444888 65 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Credit 329974 58 19 Stockholders for interest or dividends amount declared during the year 100000 00 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 114971 16 22 Mercantile agencies 3214 52 23 Telegraph and telephone 33i6 82 24 Rents 19779 01 25 Sundry expenses 779 45 26 Exchange 769 97 27 All other taxes licenses and insurance department fees 23680 20 28 Legal expenses 10086 52 29 Advertising 18360 94 30 Printing and stationery 6576 45 31 Postage and express 4817 92 32 Traveling expenses 13800 19572 COMPTROLLERGENERALS REPORT 33 All other disbursements Loss on sales of 100000000 U S government bonds 2866193 loss on sales of 100 00000 City of New York bonds 37938o loss on sales of 10000000 City of New York bonds 500000 agents balances charged off 4781585 total 85271 58 46 Total disbursements 1186587 96 IVLEDGER ASSETS 4 Book value of bonds excluding interest 1913921 90 5 Cash in companys office 132894 deposited in bank 161 56734 total 162896 28 6 Bills receivable 7629 01 7 Other ledger assets viz Premium notes 9180886 office furniture and fixtures 4081317 agents balances 122 98700 total 255609 03 1 r Ledger assets 2340056 22 NONLEDGER ASSETS 13 Interest accrued on bonds 9738 85 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Credit 76958 97 34 Other nonledger assets viz Accounts owned purchased on payment of losses 49689 98 37 Gross assets 2476444 02 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 7629 01 40 Furniture and fixtures 40813 17 44 Book value of ledger assets over market value viz Agents balances 12298700 book value of bonds over market value 2720773 total 150194 73 50 Total 198636 91 51 Admitted assets 2277807 11 VLIABILITIES I Losses and claims on policies expiring prior to October 1906 In process of adjustment Credit 11476 25 Resisted 6407 00 15 Net unpaid claims 17883 25COMPTROLLERGENERALS REPORT 573 17 Special reserve for credit losses on policies expiring in Oc tober November and December 1906 being 50 per cent of 39530028 gross premiums received on said policies less 159208 paid during said months on losses under said policies 196058 06 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1068997 47 unearned premiums 50 per cent 534498 73 22 Commissions brokerage and Other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Credit 23916 09 42 Total amount of all liabilities except capital 772356 13 43 Capital actually paid up in cash 1000000 00 44 Surplus over all liabilities 505450 98 45 Surplus as regards policyholders 1505450 98 46 Total liabilities 2277807 11 AMERICAN CASUALTY COMPANY READING PENN Wm H Yocttm President E P Van Reed Secretary Home Office 15 North Fifth Street ICAPITAL STOCK i Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 150717 11 150717 II IIINCOME 1 Gross premiums unpaid December 31 last year Accident 278632 health 23500 liability 561244 plate glass 55825 steam boiler 48166 burglary and theft 13600 2 Gross premiums written and renewed during the year Accident 6938712 health 281580 liability 2319979 plate glass 424716 steam boiler 9809 67 587820 37357 burglary and theft 109901 64 Total 119711 31574 COMPTROLLERGENERALS REPORT Deduct gross premiums now in course of collection Accident 601463 health 28212 liability 610426 plate glass 84353 steam boiler 128350 burglary and theft 21376 14741 80 Entire premiums collected during the year Accident 6615881 health 276868 liability 2270797 plate glass 396188 steam boiler 507636 burglary and theft 429S8i 104969 51 Deduct reinsurance return premiums and w cancellations Accident 11 29544 health 146648 liability 4 82417 plate glass 85906 steam boiler 137250 burglary and theft 87925 20696 90 18 Total net cash actually received for premiums iy Interest on mortgage loans 21 Interest on bonds and dividends on stock 22 Interest from all other sources 3417 14 2977 65 33 59 24 Total interest and rents 30 From all other sources Commissions on bonding 36 Total income 84272 61 6428 38 1051 07 91752 06 Gross amount paid dent 2072659 liability 192128 IIIDISBURSEMENTS for losses Acci health 224140 plate glass 1 06186 burglary and theft 145992 27411 05 3 Net amount paid policyholders for losses 27411 05 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 1589061 health 43894 lia bility 243864 plate glass 88941 steam boiler 76779 burglary and theft 56260 total 2098799 23 Salaries fees and all other compensation of officers and home office employees 11774 69 24 Salaries traveling and all other expenses of agents not paid by commissions 5402 79 26 Inspection other than medical 211 19 27 Rents including companys own occupancy 1400 50 30 All other taxes licenses and insurance department fees 1496 82 31 Legal expenses 200 00COMPTROLLERGENERALS REPORT 575 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 40 All other disbursements Sundry office expenses 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 and deposited in banks 11 Ledger assets 23s 30 2271 80 791 29 258 67 2090 22 74532 31 71950 00 72717 34 23269 52 167936 86 NONLEDGER ASSETS 12 Interest due 7250 and accrued 79950 on mortgages 13 Interest due and accrued on bonds 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident 601463 health 28212 liability 610426 plate glass 84353 steam boiler 1 28350 burglary and theft 21376 872 00 571 70 14741 80 37 Gross assets 184122 36 Vliabilities 1 Losses and claims in process of adjustment 812 75 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 4967749 unearned premiums fifty per cent 24838 74 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 190 viz Accident 2 45979 health 9874 liability 182878 plate glass 30367 steam boiler 36434 burglary and theft 6101 511633 40 Total amount of all liabilities except capital 30767 82 41 Capital actually paid up in icash 100000 00 42 Surplus over all liabilities 53354 54 43 Surplus as regards policyholders 153354 54 44 Total liabilities 18412236576 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year Marine and Fire Risks Inland Risks Accident 866 40 23356 Liability 558 27 Plate glass 60 80 Burglary and theft 15 00 Aggregate 233 56 AMERICAN BANK INSURANCE COMPANY OF MINNESOTA F E Kenaston President O B McClintock Secretary Home Office 513 South Third Minneapolis Minn ICAPITAL STOCK 1 Amount of capital paid up in cash 100000 00 Extended at 10000000 IIINCOME 30 From all other sources From premiums on stock sold 50000 00 36 Total income 15000000 IIIDISBURSEMENTS 30 Recording fees paid 45 Total disbursements IVLEDGER ASSETS 2 Mortgageloans on real estate first liens 57096 25 3 Loans secured by pledge of bonds stocks or other col laterals J4545 00 4 Book value of bonds excluding interest 50000 00 5 Cash deposited in banks 28351 75 11 Ledger assets 149993 00 VLIABILITIES 41 Capital actually paid up in cash 100000 00 42 Surplus over all liabilities 49993 00 43 Surplus as regards policyholders 149993 00COMPTROLLERGENERALS REPORT 577 AMERICAN SURETY COMPANY OF NEW YORK H D Lyman President H B Zevely Secretary Home Office 100 Broadway New York City N Y ICAPITAL STOCK 1 Amount of capital paid up in cash 2500000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 5882768 08 Extended at 5882768 08 279732 93 IIINCOME 1 Gross premiums unpaid December 31 last year Fidelity 6020172 surety 21953121 2 Gross premiums written and renewed during the year Fidelity 98263429 surety 127882617 226146046 Total 254119339 3 Deduct gross premiums now in course of collection Fidelity 5950278 surety 23109772 290600 50 4 Entire premiums collected during the year Fidelity 98333323 surety 126725966 2250592 89 5 Deduct reinsurance return premiums and cancellations Fidelity 126 90293 surety 24353187 37043480 18 Total net cash actually received for premiums Ijj 22 Interest on bonds and dividends on stock 23 Interest on deposits 24 Interest from all other sources 25 Gross rents from companys property including 3660000 for companys oc cupancy of its own buildings 101219 37 13686 72 1597 73 258434 OS 0158 09 26 Total interest and rents 32 From all other sources 33 Interest paid in advance on U S 4 per cent bonds 37 in 1950 00 374937 87578 COMPTROLLERGENERALS REPORT 34 Checks of other parties in process of collection December 31 1906 Checks of other parties in process of collection December 31 1905 359 18 100 87 3cess of 2309 18 2208 31 x paid in 1905 i6939 50 38 Total income 2272136 33 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 27130534 surety 42562486 69693020 2 Deduct salvage and reinsurance Fidelity 10674872 surety 24067154 347420 26 j Net amount paid policyholders for losses 4 Investigation and adjustment of claims Fidelity 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 4959835 surety 9317851 19 Stockholders for interest or dividends amount de clared during the year 20 Salaries fees and all other compensation of officers directors trustees and home office employees X Salaries traveling and all other expenses of agents not paid by commissions 3 Inspections other than medical 4 Rents including 3660000 for companys occupancy of its own buildings 25 Repairs and expenses other than taxes on real estate 26 Taxes on real estate 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express 32 Furniture and fixtures 33 Loss on sale or maturity of ledger assets State of Alabama 5 per cent bonds redeemed 37 All other disbursements General miscellaneous ex penses 349509 94 28188 43 142776 86 250000 00 270891 19 364274 94 10857 48 38450 00 85095 50 64024 66 34482 88 2981 67 21931 20 38246 73 24781 65 14156 80 2462 50 35758 15 40 Premiums paid in advance December 31 1906 18246 00 1778870 58COMPTROLLERGENERALS REPORT 579 41 Premiums paid in advance December 31 J90S 1105003 42 Deduct increase for 1906 lg 7 46 Total disbursements 1771674 61 IVLEDGER ASSETS I Book value of real estate unincumbered 3148587 64 4 Book value of bonds excluding interest 190566834 and book value of stocks 67453125 2s8oi99 59 5 Cash in companys office 212600 deposited in bank 6S23l6S7 654442 57 11 Ledger assets 6383220 8o NONLEDGER ASSETS 13 Interest accrued on bonds 7462 66 15 Interest accrued on other assets 2360 00 16 Rents due 348435 and accrued 604166 on com panys property or lease 9S26 0I 18 Market value not including interest in item 13 of bonds and stocks over book value 7407 10 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October I 1906 Fidelity 5463698 surety 11983305 17447003 On policies or renewals issued prior to October 1 1906 Fidelity 486580 surety 11126467 11613047 33 Total 290600 50 37 Gross assets 6700586 07 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1906 11613047 51 Admitted assets 658445560 Vliabilities I Losses and claims In process of adjustment Fidelity 41107 42 Reported proofs not received Fidelity 997344i surety 23066906 330403 47580 COMPTROLLERGENERALS REPORT Resisted Fidelity 3306225 surety 16843644 201498 69 15 Net unpaid claims 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1772 39174 unearned premiums fifty per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 185 29241 unearned premiums pro rata 573009 58 5i9S 87 105315 39 21 Total unearned premiums 991511 26 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Fidelity 1 78263 surety 543826 722089 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 12500 00 29 Interest paid in advance on U S 4 per cent registered bonds 1950 00 32 Advance premiums 100 per cent 18246 00 33 Other liabilities viz Checks of other parties in process of collection 359 i 42 Total amount of all liabilities except capital 160479691 43 Capital actually paid up in cash 2500000 00 44 Surplus over all liabilities 2479658 69 45 Surplus as regards policyholders 4979658 69 46 Total liabilities 658445560 Business in the State of Georgia during the year Fidelity Surety Gross losses incurred 6228 24 Gross premiums received on risks written pr renewed during the year 7265 89 243 3a Gross losses paid 4814 07COMPTROLLERGENERALS REPORT 581 CONTINENTAL CASUALTY COMPANY OF INDIANA H GB Alexander President W H Betts Secretary Home Office Hammond Ind General Office 1208 Michigan Avenue Chicago 111 W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets December 31 of previous year 1076969 27 Extended at 1076969 27 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 65465040 health 3081554 68546604 2 Gross premiums written and renewed during the year Accident 2458 99316 health 32697733 278597049 Total 3471436 53 3 Deduct gross premiums now in course of collection Accident 62675809 health 3255902 659317 11 4 Entire premiums collected during the year Accident 248688547 health 32S23395 281211942 5 Deduct reinsurance return premiums and cancellations Accident 521 78484 health 8496550 60675034 18 Total net cash actually received for premiums 2205369 08 Policy fees required or represented by application 197400 75 19 Interest on mortgage loans 27785 86 20 Interest on collateral loans i773 42 21 Interest on bonds and dividends on on stock 12850 79 Interest on deposits 88 57 22 Interest from all other sources 30 49 23 Gross rents from companys property including companys own occupancy 3ooo 00 24 Total interest and rents 45529 13582 COMPTROLLERGENERALS REPORT 25 Profit on sale or maturity of ledger assets Illinois Tunnel Co bonds book value 2200000 sold for 2400000 profit 2000 00 36 Total income 2450298 96 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 92595860 health 8981229 101577089 2 Deduct salvage and reinsurance 15000 00 3 Net amount paid policyholders for losses 1000770 89 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 45236749 health 6168647 514053 96 Policy fees returned by agents 197400 7 22 Stockholders for interest or dividends amount de clared during the year 60000 00 23 Salaries fees and alf other compensation of officers and home office employees 183183 21 24 Salaries traveling and all other expenses of agents not paid by commissions 203409 98 25 Medical examiners fees and salaries 10321 71 27 Rents for companys own occupancy 18567 60 30 All other taxes licenses and insurance department fees 37824 46 31 Legal expenses 24632 50 32 Advertising 8794 85 33 Printing and stationery 18791 67 34 Postage and express 19840 44 36 Loss on sale or maturity of ledger assets Fifty shares Union National Bank stock book value 500000 sold r for 450000 loss 500 00 40 All other disbursements Bank exchange 119775 general expense 1666485 17862 60 45 Total disbursements 2335071 61 IVLEDGER ASSETS 1 Book value of real estate unincumbered 4468801 2 Mortgage loans on real estate first liens 487339 25 3 Loans secured by pledge of bonds stocks or other col laterals 31250 00 4 Book value of bonds excluding interest 22972500 and book value of stocks 6500000 294725 00 5 Cash in companys office 306850 deposited in banks 10521072 10827922 6 Bills receivable 3934 75COMPTROLLERGENERALS REPORT 583 7 Other ledger assets Cash in hands of treasurers and paymasters in transit 15341735 furniture and fix tures 3073967 agents balances 3782337 220080 39 11 Ledger assets 119219662 NONLEDGER assets 12 Interest due 843280 and accrued 321271 on mortgages 13 Interest accrued on bonds 14 Interest accrued on collateral loans 11645 51 3809 58 15 64 Total 18 Market value not including interest in item 13 of bonds and stocks over book value 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October I 1906 Accident 62675809 health 3255902 15470 73 8100 00 659317 11 37 Gross assets 1875084 46 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 40 Furniture and fixtures 41 Supplies printed matter and stationery agents balances 3934 75 30739 67 37823 37 51 Admitted assets 180258667 VLIABILITIES 1 Losses and claims In process of adjustment Accident 1301884 health 128754 2 Reported proofs not received Acci dent 14881780 health 651933 3 Resisted Accident 1718900 health 255100 13 Total 14 Deduct reinsurance 14306 38 150337 13 19740 00 184383 51 21014 00 17 Total unpaid claims and expenses of settlement 18 Gross premiums less reinsurance upon all unex pired risks running one year or less from date of policy 172743526 unearned premiums fifty per cent 22 Accident 13879210 health 712550 163369 51 863717 63 145917 60584 COMPTROLLERGENERALS REPORT 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 30 Reinsurance 31 Other liabilities viz Advance premium 100 per cent 425150 contingent reserve 5000000 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 300000 00 Surplus over all liabilities 25838669 6300 50 10643 24 54251 SO 1244199 98 43 Surplus as regards policyholders 44 Total liabilities 558386 69 1802586 67 Business in the State of Georgia during the year Accident Gross premiums received on risks written or renewed during the year 978 57 Gross losses paid 434 57 Gross losses incurred 456 88 Health 391 05 391 05 186 30 EMPIRE STATE SURETY COMPANY OF NEW YORK villiam M Torhlifis Jr President Daniel Stewart Secretary Home Office 391 Fulton Street rCAPITA STOCK 1 Amount of capital paid up in cash 75000000 2 Amount of ledger assets as per bal ance December 31 of previous year 788216 60 3 Increase of paid up capital during the year 250000 00 Extended at 1038216 60 IIINCOME Gross premiums unpaid December 31 last year Accident 57T352 lia bility 3737005 fidelity 1596718 surety 13992358 plate glass 11 64844 steam boiler 13925 burglary and theft 1113358 sprink ler 16500 22206060 2 Gross premiums written and renewed during the year Accident 6177209COMPTROLLERGENERALS REPORT 585 liability 35022885 fidelity 62 79067 surety 29973405 plate glass 8056079 steam boiler 922453 burglary and theft 6967928 sprink ler 417154 938161 80 Total 1160222 40 Deduct gross premiums now in course of collection Accident 1160085 liability 7958234 fidelity 713486 surety 9029826 plate glass 14 82755 steam boiler 143025 burglary and theft 1358371 sprinkler 20077 218658 59 Entire premiums collected during the year Accident 5588476 liability 30801656 fidelity 7162299 surety 34935937 plate glass 7738168 steam boiler 793353 burglary and theft 6722915 sprinkler 413577 941563 8l Deduct reinsurance return premiums and cancellations Accident 22 68861 liability 8139009 fidelity 916284 surety 9193295 pate glass 2027368 steam boiler 2 73908 burglary and theft 2431443 sprinkler 101200 25351368 24 25 30 36 18 Total net cash actually received for premiums 688050 13 19 Interest on mortgage loans 21 Interest on bonds and dividends on stock 22 Interest from all other sources 23 Gross rents from companys prop erty i44i 79 23335 00 6339 67 60 00 Total interest and rents 31176 46 Profit on sale or maturity of ledger assets 3188 59 From all other sources Increase of paid in surplus 12500000 bringing to book value sundry stocks and bonds written down at close of 1905 and so re ported 3506125 l6o61 25 Total income 882476 43 IIIDISBURSEMENTS Gross amount paid for losses Accident 748833 liability 5596249 fidelity 3190873 surety 12377644 plate glass 2493825 burglary and theft 1466210 sprinkler 97107 259707 41586 COMPTROLLERGENERALS REPORT 2 Deduct salvage and reinsurance 258 33 liability 450 fidelity 1802843 surety 3180131 plate glass 12547 burglary and theft 26993552917 39 3 Net amount paid to policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 7450 liability 8 38244 fidelity 18476 surety 30168 plate glass 23493 burglary and theft 32627 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 1138860 liability 7518439 fidelity 1455358 surety 5313477 plate glass 2027027 steam boiler 116872 burglary and theft 1223176 sprinkler 75288 22 Stockholders for interest or dividends amount de clared 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 26 Inspections other than medical 27 Rents 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 36 Loss on sale or maturity of ledger assets 40 All other disbursements Interest and exchange 1 25i37 telephone and telegraph 415930 miscel laneous 1012988 45 Total disbursements IVLEDGER ASSETS 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 58883389 and book value of stocks 14748750 5 Cash in companys office 1036749 deposited in banks 21704088 6 Bills receivable 7 Other ledger assets Accrued interest 409 advanced on contracts fully 206790 02 9504 58 188684 97 40000 00 103080 89 42155 64 2218 29 35483 84 12025 60 11479 56 6425 34 11260 02 6208 01 3855 59 6276 75 15540 55 690989 65 52799 79 166800 00 736321 39 227408 37 3008 01COMPTROLLERGENERALS REPORT 587 12 13 17 19 secured 1626970 deposited with county treasurer Albany N Y 10 04433 cash in hands of agents 15 81425 accounts receivable 191234 rent paid in advance 133333 Deduct ledger liabilities This year 3 81754 last year 180532 45378 04 Total 43365 82 Ledger assets 1229703 38 NONEEDGER ASSETS Interest accrued on mortgages Interest accrued on bonds Market value of real estate over book value Gross premiums in course of collection On policies or renewals issued subse quent to October 1 Accident 965156 liability 7411860 fidelity 416191 surety 3586011 plate glass 1261399 steam boiler 1 10625 burglary and theft 1284857 sprinkler 20077 On policies or renewals issued prior to October 1 1906 Accident 194995 liability 546374 fidelity 297295 surety 5443815 plate glass 221356 steam boiler 32400 burglary and theft 73514 150561 76 68096 83 33 Total 1504 72 3024 43 8850 21 218658 59 37 Gross assets 1461741 33 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 300801 43 Gross premiums in course of collec tion written prior to October 1 1906 68096 83 44 Book value of ledger assets over market value viz Bonds market 568 19750 2063639 stocks market 12996250 1752500 accrued inter est included in item of nonledger assets 490 3816548 Total 109270 32 51 Admitted assets 1352471 01588 COMPTROLLERGENERALS REPORT VLIABILITIES Losses and claims Adjusted Accident 15298 health 56427 fidelity 61447 surety 7r 49939 plate glass 385420 burglary and theft 199279 In process of adjustment Accident 20267 fidelity 170494 surety 11 86647 burglary and theft 190743 workmens collective 614725 Reported proofs not received Acci dent 597io health 76071 fidelity 8285 surety 2319948 burglary and theft 151850 Resisted Health 15000 fidelity 1 00000 surety 1173840 burglary and theft 130000 17 18 T 13 Total 14 Deduct reinsurance unpaid liability 15 Net unpaid claims 16 Special reserve for losses Total unpaid claims Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 532 00660 unearned premiums fifty per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 11489167 unearned premiums pro rata 14678 10 21828 76 26158 64 14188 40 76853 90 1263 04 75590 86 24668 17 266003 3 66863 13 20 Total unearned premiums 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 3 31048 liability 2099284 fidelity 96140 surety 740153 plate glass 447797 steam boiler 24891 burglary and theft 366184 sprinkler 4839 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 30 Reinsurance 31 Other liabilities viz Advance premiums 100 per cent 456886 miscellaneous 69797 100259 03 332866 43 41103 36 4375 97 3432 30 5266 83 40 Total amount of all liabilities except capital 487303 92tT COMPTROLLERGENERALS REPORT 589 41 Capital actually paid up in cash 750000 00 42 Surplus over all liabilities 11516709 43 Surplus as regards policyholders 86516709 44 Total liabilities 135247101 Business in the State of Georgia during the year Gross Premiums Received on Risks Written or Renewed Gross Losses During the Year Paid Accident 1763 88 46373 Liability 140 77 Fidelity 418 34 Surety 709 95 Plate glass 477 42 26o OI Burglary and theft 285 95 EMPLOYERS INDEMNITY CO OF PHILADELPHIA PA John T Bailey President Trevanion B Dallas Secretary Home Office Stephen Girard Building 12th Street above Chestnut St ICAPITAL STOCK i Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 317300 42 Extended at 31730042 IIINCOME i Gross premiums unpaid December 31 last year Accident 10212 liability 3576814 3587026 2 Gross premiums written and renewed during the year Accident 105700 liability 29437091 295427 91 Total 331298 17 3 Deduct gross premiums now in course of collection Accident 3750 lia bility 4450530 4454280 4 Entire premiums uncollected during the year Accident 112162 liability 28563375 286755 37SB 590 COMPTROLLERGENERALS REPORT 5 Deduct reinsurance return premiums and cancellations Accident 13485 liability 6411064 6424549 18 Total net cash actually received for premiums 19 Interest on mortgage loans 1605 30 21 Interest on bonds and dividends on stock i2o6S 63 22 Interest from all other sources 272 62 24 Total interest and rents 36 Total income 222509 88 13943 55 236453 43 IIIDISBURSEMENTS I Gross amount paid for losses Accident 9250 lia bility 7764371 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 30271 liability 3940422 22 Stockholders for interest or dividends amount de clared 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 Rents for companys own occupancy 30 All other taxes licenses and insurance department fees 31 Legal expenses 32 Advertising printing and stationery 34 General expenses 35 Furniture and fixtures 40 All other disbursements Traveling expenses 77736 21 397o6 93 6000 00 31029 56 448 00 240 50 2118 84 3004 31 11190 57 2045 55 549i 14 419 46 3421 09 45 Total disbursements 182852 16 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 24600 00 4 Book value of bonds excluding interest 28989280 and book value of stocks 3433200 324224 80 5 Cash in companys office 66675 deposited in bank 2138815 2205490 6 Bills receivable 21 99 11 Ledger assets 370901 69 COMPTROLLERGENERALS REPORT 591 NONLEDGER ASSETS P13000 and accrued 31006 on mort 12 Interest due gages 13 Interest due and accrued on bonds 15 Interest due and accrued on other assets 16 Rents on companys property or lease 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October I 1906 Accident 2500 liability 3830001 On policies or renewals issued prior to October 1 1906 Accident 1250 liability 620529 38325 01 6217 79 33 Total 34 Other nonledger assets viz tures Furniture and fix 37 Gross assets DEDUCT ASSETS NOT ADMITTED 21 99 1471 44 39 Bills receivable 40 Furniture and fixtures 43 Gross premiums in course of collection written prior to October 1 1906 6217 79 44 Book value of ledger assets over market value 5539 20 50 Total 51 Admitted assets vLIABILITIES l6i Special reserve for estimated amount of unpaid lia bilit3r claims 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 19100581 unearned premiums fifty per cent 9550291 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 14 87281 unearned premiums gi4 83 20 Total unearned premiums 21 Commissions brokerage and other charges due orto become due to agents or brokers on policies issued 44 96 38o6 70 530 00 4777 66 44542 80 1471 44 421693 59 13250 42 408443 17 17000 00 104687 74592 COMPTROLLERGENERALS REPORT subsequent to October I 1906 viz Accident 875 liability 721101 7219 76 25 Salaries rents expenses taxes bills accounts fees etc due M50 39 31 Other liabilities viz Advance premiums 100 per cent 35900 special contingent reserve 10 00000 io359 00 40 Total amount of all liabilities except capital 14349689 41 Capital actually paid up in cash 100000 00 42 Surplus over all liabilities 164946 28 43 Surplus as regards policyholders 44 Total liabilities Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross premiums paid Gross losses incurred 264946 28 408443 17 Liability 334 75 103 00 103 00 EMPLOYERS LIABILITY ASSURANCE CORPORATION LIMITED U S BRANCH OF GREAT BRITAIN AND IRELAND Lord Claud Hamilton Chairman S Stanley Brown Esq Secretary Samuel Appleton United States Manager 1 Iome Office of the United States Branch 33 Broad Street Boston Mass ICAPITA STOCK 2 Amount of ledger assets as per balance December 31 of previous year 2671270 57 Extended at 2671270 57 IIINCQMK 1 Gross premiums unpaid December 31 last year Accident 5149748 health 2994 75 liability 38223889 fidelity 457694 441308 06 2 Gross premiums written and renewed during the year Accident 26244581 health 3974333 liability 263483083 fidelity 9435718 burglary and theft 3140493 3062782 08 3 Total 3504090 14COMPTROLLERGENERALS REPORT 593 4 Deduct gross premiums now in course of col lection Accident 4840733 health 3 02209 liability 41900575 fidelity 6 14007 burglary and theft 646806 483043 30 5 Entire premiums collected during the year Accident 26553596 health 3971599 liability 259806397 fidelity 9279405 burglary and theft 2493687 3021064 84 6 Deduct reinsurance return premiums and cancellations Accident 4044992 health 886839 liability 33149947 fidelity 1994187 burglary and theft 330237 404062 02 18 Total net cash actually received for premiums 2616984 82 31 Interest on bonds and dividends on stock 87134 78 22 Interest from all other sources 1566 30 24 Total interest and rents 88701 08 30 From all other sources Home office 25417593 bad debt account 2934 254205 27 36 Total income 2959891 19 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 14104928 health 1296727 liability 77627110 fidelity 2545816 burglary and theft 168400 957429 81 2 Deduct salvage and reinsurance Accident 9 38 3 Net amount paid policyholders for losses 95742o 43 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 563505 health 10901 liability 176 74858 fidelity 247707 burglary and theft 3570 185005 4 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 8248307 health 271099 liability 61428051 fidelity 1358759 burglaryand theft 546992 718802 08 23 Salaries fees and all other compensation of officers and home office employees 57428 02 24 Salaries traveling and all other expenses of agents not paid by commissions 18977 28 26 Inspections other than medical 30882 66 27 Rents 46451 42 30 All other taxes licenses and insurance department fees 44556 09 31 Legal expenses not included in No 14 1977 23 32 Advertising 5808 10 38 in594 COMPTROLLERGENERALS REPORT 33 Printing and stationery 23670 98 34 Postage and express 18047 65 35 Furniture and fixtures 4208 01 36 Loss on sale or maturity of ledger assets Maturity City of Los Angeles Cal 5 per cent bonds 24150 maturity Eastern R R 6 per cent bonds 106250 1304 00 45 Total disbursements 2114630 26 IVLEDGER ASSETS 4 Book value of bonds excluding interest 3494111 06 5 Cash in companys office 330000 deposited in bank 1 05724 total 43S7 24 7 Other ledger assets Cash deposited with trustees with Kidder Peabody Co 18063 18 11 Ledger assets 3516531 48 NONIEDGER ASSETS 13 Interest due and acrued on bonds 36802 40 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 Accident 4599360 health 362209 liability 39565428 fidelity 608934 burglary and theft 585040 456609 70 On policies or renewals issued prior to October 1 Acci dent 241373 liability 2335147 fidelity 5073 bur glary and theft6i766 26433 59 37 Gross assets 4036377 18 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October 1 1006 26433 59 44 Book value of ledger assets over market value viz Bonds 99426 06 50 Total I2Sig59 6s 51 Admitted assets 3910517 53 VLIABILITIES I Losses and claims In process of adjustment Accident 27925 00 health 304500 fidelity 596000 burglary and theft 54000 37470 00COMPTROLLERGENERALS REPORT 595 Resisted Accident 836500 fidelity 1 60500 15 Net unpaid claims except liability claims 16 Special reserve for unpaid liability losses 9970 op 47440 00 1468941 23 17 Total unpaid claims 1516381 23 18 Gross premiums less reinsurance upon all unexpired risks running one year or Jess from date of policy 205661505 unearn ed premiums 50 per cent 1028307 53 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 23011953 un earned premiums pro rata 129869 90 20 Total unearned premiums 1158177 43 21Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1906 viz Accident 1643645 health 104855 liability 11185718 fidelity 157576 bur glary and theft 176873 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 132686 67 50000 00 40 Total amount of all liabilities except capital 2857245 33 41 Statutory deposit 250000 00 42 Surplus over all liabilities 803272 20 43 Surplus as regards policyholders 1053272 20 44 Total liabilities 3910517 S3 Accident Health Liability Burglary and theft Business in the State of Georgia during the year Marine and Fire Risks 6062 73 2848 21 6967 69 497 SO Inland Aggregate 2385 16 12510 14 1709 25 1669 25 2169 IS 2949 IS 58 00 158 00 596 COMPTROLLERGENERALS REPORT FEDERAL UNION SURETY COMPANY OF INDIANA Hugh Dougherty President C R Hinkie Secretary Home Office Corner Market and Pennsylvania Streets Indianapolis Ind ICAPITAL STOCK 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets asper balance December 31 of previous year 376327 09 3 Increase of paidup capital during the year 50000 00 Extended at 426327 091 11INCOME 1 Gross premiums unpaid December 31 last year Fidelity and surety 34438 57 2 Gross premiums written and renewed during the year Fidelity and surety 309847 93 3 Total 4 Deduct gross premiums now in course of col lection Fidelity and surety 344286 50 26534 86 5 Entire premiums collected during the year Fidelity and surety 317761 64 6 Deduct reinsurance return premiums and cancellations Fidelity and surety 30334 85 18 Total net cash actually received for premiums 287426 79 19 Interest on mortgage loans 9432 81 21 Interest on bonds and dividends on stock 3265 00 22 Interest from all other sources 2210 15 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Real estate mortgages 14907 96 24 50 36 Total income 302359 25 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity and surety 106898 71 2 Deduct salvage and reinsurance Fidelity and surety 49568 42 3 Net amount paid policyholders for losses 57330 29COMPTROLLERGENERALS REPORT 597 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders 845 70 18 Commissions or brokerage less amount received on return premiums and reinsurance fiQ 0A o 1 80992 00 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 000 D 18881 99 27 Rents yy 7 2Q2 OO 30 All other taxes licenses and insurance department fees 9626 64 31 Legal expenses not included in No 14 32 Advertising f 33 Printing and stationery Jtfl 7 34 Postage and express 2281 29 35 Furniture and fixtures g6 36 Loss on sale or maturity of ledger assets 2069 40 40 All other disbursements Telephone and telegraph 98026 miscellaneous home office expenses 308217 trust funds returned 60700 total 66 45 Total disbursements 23663400 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 218350 00 4 Book value of bonds excluding interest 9126 40 5 Cash deposited in banks 139579 45 7 Other ledger assets Expenses advanced 56643 agents debit balances 170363 advanced on contracts secured 3392743 special deposit in New York 666000 42847 49 11 Ledger assets NONLEDGEK ASSETS 12 Interest due 4250 and accrued 321814 on mortgages 3260 64 13 Interest accrued on bonds 2g n 15 Interest accrued on other assets 320 co 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 Fidelity and surety 22161 70 On policies or renewals issued prior to Octo ber 1 Fidelity and surety 4363 16 33 Total 2652486 37 Gross assets 522443 45 598 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October 1 1906 4363 16 44 Book value of ledger assets over market value viz Expenses advanced 56643 agents debit balances 170363 2270 06 50 Total 51 Admitted assets 515810 23 6633 22 VLIABILITIES I Losses and claims in process of adjustment Fidelity and surety 19935 93 17 Total unpaid claims and expenses of settlement 20000 00 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 25862332 unearned premiums 50 per cent 129311 66 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 932692 un earned premiums pro rata 6872 83 20 Total unearned premiums 136184 49 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1906 4432 34 40 Total amount of all liabilities except capital 160616 83 41 Capital actually paid up in cash 300000 00 42 Surplus over all liabilities 55193 40 43 Surplus as regards policyholders 355193 40 44 Total liabilities 515810 23COMPTROLLERGENERALS REPORT 599 FIDELITY AND CASUALTY COMPANY OF NEW YORK George F Seward President Robert J Hillas Secretary Home Office 97 to 103 Cedar Street New York N Y Eugene Oberdorfer Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cas1 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 6102193 19 3 Increase of paidup capital during the year 500000 00 Extended at 6602193 10 IIINCOME As shown by the books at the home office at close of business Dec 31 1906 1 Gross premiums unpaid December 31 last year Accident 19481873 health 178 74609 liability 27006364 fidelity 19 48403 plate glass 3683127 steam boil er 7251864 burglary and theft 59055 68 fly wheel 420531 835723 39 2 Gross premiums written and renewed during the year Accident 233806828 health 117950082 liability 220702084 fidel ity 37943397 plate glass 38280117 steam boiler 53665747 burglary and theft 60887499 Ay wheel 7788728 7800244 82 Total 8635968 21 Deduct gross premiums now in course of col lection Accident 18443436 health 19224933 liability 29906616 fidelity 2926748 plate glass 5026161 steam boiler 6746867 burglary and theft 69 53854 Ay wheel 1066528 902951 43 Entire premiums collected during the year Accident 234845265 health 1165997 58 liability 217801832 fidelity 369 65052 plate glass36937083 steam boiler 54170744 burglary and theft 688392 13 fly wheel 7142731 7733or6 78 Deduct reinsurance return premiums and cancellations Accident 78614619 health600 COMPTROLLERGENERALS REPORT 37098263 liability 33998245 fidelity 6491819 plate glass 6171808 steam boiler 17124319 burglary and theft 14809380 fly wheel 966078 1952745 31 18 Total net cash actually received for premiums 5780271 4f ei Interest on collateral loans 2763 96 2 Interest on bonds and dividends on stock 220601 73 23 Interest on deposits 972 37 4 Interest from all other sources 8603 23 eg Gross rents from companys property including 5571754 for companys occupancy of its own buildings 70981 63 32 Erom all other sources Profit and loss 14415 premiums paid in advance 1535986 15504 01 35 Unearned premiums held under contract with Munich Re insurance Co 39605 68 36 Fidelity insurance fund subscriptions from agents and employees 7374 82 37 Suspense account 1941 16 38 All other 498 11 39 Total income 6149120 17 IIIDISBURSEMENTS As shown by the books at the home office at close of business Dec 31 1906 1 Gross amount paid for losses Accident 69066137 health 30472107 liability 87229595 fidelity 6712530 plate glass 11351697 steam boiler 9938978 bur glary and theft 22488239 fly wheel 16 61985 238921268 2 Deduct salvage and reinsurance Accident 3415670 health 3214 liability 12 89003 fidelity 1861854 plate glass 721320 steam boiler 3326543 bur glary and theft 839874 fly wheel 47244 t 15042 22 3 Net amount paid policyholders for losses 2274170 46 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 54509191 health 27545396 liability 407478 38 fidelity 4780306 plate glass 9580587 steam boil er 8585742 burglary and theft 12516546 fly wheel 939860 159205466 19 Stockholders for interest or dividends amount declared during the year 62000000 Stock 50000000 cash 12000000 620000 00 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 401573 82 COMPTROLLERGENERALS REPORT 601 21 Salaries traveling and all other expenses of agents not paid by commissions 22 Medical examiners fees and salaries 23 Inspections other than medical 24 Rents 8660187 including 5571754 for companys occu pancy less 1526483 included in items 13 and 23 95588 included in item 21 25 Repairs and expenses other than taxes on real estate 26 Taxes on real estate 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express 32 Furniture and fixtures 37 All other disbursements Sundry expenses 95ior6o profit and loss 41320 301393 09 5079 50 194273 52 47381 16 32969 86 12821 42 100056 40 4235 4i 20966 82 60053 34 24863 31 548o 53 95514 80 46 Total disbursements 6081809 65 IVLEDGER ASSETS As shown by the books at the home office at close of business Dec 31 1906 I Book value of real estate unincumbered 969426 39 3 Loans secured by pledge of bonds stocks or other collat laterals 100000 00 4 Book value of bonds excluding interest 255958667 and book value of stocks 291576148 5475348 15 5 Cash in companys office 608687 deposited in banks 9630385 102390 72 8 Agents balances and sundry ledger assets 22338 45 11 Ledger assets 6669503 71 NONLEDGER ASSETS 13 Interest accrued on bonds 5163 24 14 Interest accrued on collateral loans 16 66 15 Interest accrued on other assets 906 24 16 Rents accrued on companys property or lease 1250 00 Total 18 Market value not including interest in item 13 of bonds and stocks over book value 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident 16653969 health 18382734 liability 23706772 fidelity 2365272 plate glass 4816001 steam boiler 6612291 burglary and theft 6532764 fly wheel 991758 800615 61 7336 14 421831 41602 COMPTROLLERGENERALS REPORT On policies or renewals issued prior to Octo ber i 1906 Accident 1789467 health 842199 liability 6199844 fidelity 5 61476 plate glass 210160 steam boiler 134576 burglary and theft 421090 fly wheel 74770 102335 82 33 Total 002951 43 37 Gross assets Q 0001622 69 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October 1 1006 102335 82 50 Agents balances and sundry ledger assets 22338 45 Total 124674 27 51 Admitted assets q Q 7876948 42 vliabilities I Losses and claims In process of adjustment Accident 136200 health 1035000 fidelity 1491964 plate glass 1258963 steam boiler 793000 burglary and theft 3887800 220867 27 Reported proofs not received Accident 3666700 health 1833300 fidelity 12 50000 6750000 Resisted Accident 12760000 fidelity 25 50240 plate glass 52000 burglary and theft 300000 is6622 4Q jota 49 10 bpecial reserve for unpaid liability losses 1173071 31 18 Total unpaid claims and expenses of settlement 1618060 98 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 533547687 unearned premiums 50 per cent 2667738 44 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 93914067 un earned premiums pro rata 500712 57 21 Total unearned premiums a 3100451 01 22 Commissions brokerage and other charges due or to be COMPTROLLERGENERALS REPORT 603 come due to agents or brokers on policies issued subse quent to October I 1906 viz Accident 5649316 health 6285607 liability 5199839 fidelity 337009 plate glass 1433238 steam boiler 1521118 bur glary and theft 1444163 fly wheel 150314220206 04 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 37H3 02 31 Reinsurance 10359 73 32 Advance premiums 100 per cent 15359 86 33 Other liabilities viz Reinsurance due Munich Reinsurance Company 3960568 fidelity insurance fund subscrip tions from agents and employees 737482 suspense account 194116 all other 49811 49419 77 42 Total amount of al liabilities except capital 5118970 41 43 Capital actually paid up in cash 1000000 00 44 Surplus over all liabilities 1757978 01 43 Surplus as regards policyholders 2757978 or 44 Total liabilities 7876948 42 Business in the State of Georgia during the year Accident Health Liability Fidelity Plate glass Steam boiler Burglary and theft Fly wheel Gross Premiums Received on Risks Written or Renewed During the Year Gross Losses Paid 37071 34 14563 55 16629 10 6078 08 11634 91 54 87 747 28 3939 Si 953 60 7004 05 729 23 5351 42 791 81 1650 67 4 COMPTROLLERGENERALS REPORT FEDERAL CASUALTY COMPANY OF MICHIGAN ha S Burwell President pf t t reter Patterson Secretary Principal Office Majestic Building Detroit Mich W A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK I Amount of capital stock paid up in cash IOOooo oo Extended at 190000 oo uINCOME DURING THE YEAR I Cash received for premiums without deductions for com missions or other expenses S Policy fees represented by applications V Cash received for interest on bonds owned Vl 18 Original surplus 57 94 19 From all other sources viz Reinsurance Total income I I 82465 32 IIIDISBURSEMENTS FOR THE YEAR I Cash paid for claims 16 Cash paid stockholders for dividends o 00 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance policy fees retained by agents 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 87 ed 20 Cash paid for salaries and all other compensation of officers and other home office employees 66 6 23 Cash paid for insurance department fees andagentslicenses 8s 00 24 Cash paid for rent s 5 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 26712 printing 1822 ig 2080 1 29 Cash paid for the following items viz Postage and ex press ii4866 traveling expenses 25050 sundries 36142 4 1760 58 30 Total disbursements c T 63433 61 IVASSETS AS PER LEDGER ACCOUNT 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 114 Sio 00COMPTROLLERGENERALS REPORT 605 7 Cash in companys office 8 Cash deposited in banks 524 4197 09 11 Total net or ledger assets 119031 71 OTHER ASSETS 15 Interest accrued on bonds 6 18 Interest accrued on other assets 37 50 Total carried out 1000 79 28 Total assets T 120032 50 vliabilities 3 Claims reported proofs not received 13 Amount due on account of commissions and bills not ren dered 16 Amount of any other liability ofthe company viz Advance premiums paid 358 00 ip Total liabilities Z 3308 00 FIDELITY AND DEPOSIT COMPANY OF MARYLAND Edwin Warfield President Harry Nicodemus Secretary Home Office N W Corner Charles and Lexington Street Baltimore Md ICAPITAL STOCK 1 Amount of capital paid up in cas 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 6047618 10 Extended at 6047618 19 11INCOME 1 Gross premiums unpaid December 31 last year Fidelity 5773186 surety 76826 r39 13455825 2 Lross premiums written and renewed during the year Fidelity 120366058 surety 31289243 1516553 0 Total 1651111 26606 COMPTROLLERGENERALS REPORT 4 Deduct gross premiums now in course of col lection Fidelity 4543260 surety 66 35028 11178288 5 Entire premiums collected during the year Fidelity 121595984 surety 32336854 1539328 38 6 Deduct reinsurance return premiums and cancellations Fidelity 14233483 surety 1763988 159974 7i 18 Total net cash actually received for premiums 1379353 67 21 Interest on bonds and dividends on stock 209662 69 21J Interest on deposits 2059 91 22 Interest from all other sources 4733 80 23 Gross rents from companys property includ ing 1079587 for companys own occupancy 65153 05 24 Total interest and rents 30 From all other sources Commissions and fees etc 281609 45 4240 20 36 Total income 1665203 32 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 400 70962 surety 13164633 532355 95 2 Deduct salvage and reinsurance Fidelity 8576545 surety 3595070 121716 15 3 Net amount paid policyholders for losses 410639 80 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyhold ers viz Fidelity 2217052 surety 466896 26839 48 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fi delity 26386760 surety 8340512 347272 72 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 147251 38 24 Salaries traveling and all other expenses of agents not paid by commissions 3953 13 26 Inspections other than medical 24247 69 27 Rents for companys own occupancy 10795 87 28 Repairs and expenses other than taxes on real estate 23960 79 29 Taxes on real estate I7592 82 30 All other taxes licenses and insurance department fees 61603 7 31 Legal expenses not included in No 14 54685 83 32 Advertising 5899 93 33 Printing and stationery 12423 01 COMPTROLLERGENERALS REPORT 607 34 Postage and express 11 493 37 35 Furniture and fixtures g 2I 40 All other disbursements Incidentals 2272331 develop ment 387330 charged to profit and loss as deprecia tion in book value of securities 8556062 items charged to profit and loss 1826491 130422 14 45 Total disbursements 1609424 87 IVLEDGER ASSETS I Book value of real estate unincurnbered 757000 00 4 Book value of bonds excluding interest 342760800 and book value of stocks 150314200 4930750 00 5 Cash deposited in banks 415646 64 II Ledger assets 6103396 64 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October I 1906 Fidelity and surety 79607 32 On policies or renewals issued prior to Octo ber 1 1006 Fidelity and surety 32175 56 33 Total 111782 88 37 Gross assets 6215179 52 DEDUCT ASSETS NOT ADMITTED J 43 Gross premiums in course of collection written prior to Oc tober 1 1906 32l5 s6 SI Admitted assets 6183003 96 VLIABILITIES I Losses and claims Adjusted Fidelity 20IS i In process of adjustment Fidelity 19274 28 Reported proofs not received Fidelity 90338 53 Resisted Fidelity 35956642 surety 179 76935 judgment Samuel H Leathe sure ty 8304600 622381 77 17 Total unpaid claims 734910 29 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 137213620 unearned premiums 50 per cent 686068 10 19 Gross premiums less reinsurance upon all unexpired risks running more than one608 COMPTROLLERGENERALS REPORT year from date of policy 2851162 un earned premiums pro rata 14255 81 20 Total unearned premiums 700323 gr 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Fidelity and surety 19901 83 40 Total amount of all liabilities except capital 1455136 13 41 Capital actually paid up in cash 2000000 00 42 Surplus over all liabilities 2727867 93 43 Surplus as regards policyholders 4727867 93 44 Total liabilities 6183003 06 Business in the State of Georgia during the year Fidelity and Surety Gross premiums received on risks written or renewed during the year 27663 48 Gross losses paid 5356 19 Gross losses incurred 1356 15 FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSUR ANCE COMPANY OF GERMANY U S BRANCH C H Franklin U S Manager Home Office FrankfortontheMain Germany United States Branch 100 William Street 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 1233148 00 Extended at 1233148 00 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 430761 liability 248 64185 25294946 2 Gross premiums written and renewed during the year Accident 3816037 liability 94766444 burglary and theft 233112 988155 93 Total 1241105 39COMPTROLLERGENERALS REPORT 3 Deduct gross premiums now in course of collection Accident 448854 liability 21779026 burglary and theft 79772 22307652 Entire premiums collected during the year Accident 3797944 liability 97851603 burglary and theft 153340 1018028 87 Deduct reinsurance return premiums and cancellations Accident 897938 liability 12031593 burglary and theft 37456 129669 87 18 Total net cash actually received for premiums 19 Policy fees required or represented by applications 22 Interest on bonds and dividends on stock 38869 08 23 Interest on deposits y7 07 26 Total interest 38 Total income 609 359 00 1431 85 39606 15 929397 00 IIIDISBURSEMENTS I Gross amount paid for losses Accident 586502 liability 33667354 burglary and theft 18503 workmens col lective 3763331 380356 00 4 Investigation and adjustment of claims Accident 67500 liability 16119665 161871 65 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 814502 liability 22275106 burglary and theft 45450 231350 58 18 Policy fees retained by agents 1431 85 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 33948 89 21 Salaries traveling and all other expenses of agents not paid by commissions 14630 53 23 Inspections other than medical 13297 59 24 Rents 5458 01 27 All other taxes licenses and insurance department fees 17195 93 28 Legal expenses 985 13 29 Advertising 2989 72 30 Printing and stationery 12689 72 31 Postage and express 2598 73 32 Furniture and fixtures 2282 75 37 All other disbursements Telegrams 93359 miscellane ous 737401 remittance to home office 1729320 25600 80 46 Total disbursements 006688 63 39 in610 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 4 Book value of bonds excluding interest 5 Cash in companys office 50000 deposited in bank 24 51744 total 7 Other ledger assets viz Cash in hands of trustees 1213563 91 25017 44 17275 02 11 Ledger assets I25S8s6 37 NONLEDGER ASSETS 13 Interest accrued on bonds 15 Interest accrued on other assets 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October I 1906 Accident 447354 lia bility 20511539 burglary and theft 79772 On policies or renewals issued prior to Oc tober 1 1906 Accident 1500 liability 1267487 210386 65 12689 87 10561 24 76 44 33 Total 37 Gross assets 223076 52 1489570 57 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October I 1906 12689 87 44 Book value of ledger assets over market value viz Depreciation from cost of bonds to bring same to market value 42836 41 50 Total 51 Admitted assets 55526 28 1434044 29 VLIABILITIES I Losses and claims In process of adjustment Accident 8305 00 burglary and theft 10000 work mens collective 32803303 Reported proofs not received Marine 16 Special reserve for unpaid liability losses 41208 30 5000 00 637957 20 18 Total unpaid claims 19 Gross premiums less reinsurance upon all unexpired risks running one year or less 684165 50COMPTROLLERGENERALS REPORT 611 from date of policy 60497155 unearned premiums 50 per cent 302485 77 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2554497 un earned premiums pro rata 14676 79 21 Total unearned premiums 317 162 56 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 147680 liability 50 41290 burglary and theft 24069 52130 39 32 Advanced premiums 100 per cent 2II I0 33 other liabilities 7SOOOO 42 Total amount of all liabilities except capital 1061169 SS 43 Capital actually paid up in cash 200000 00 44 Surplus over all liabilities 172874 74 45 Surplus as regards policyholders 372874 74 46 Total liabilities 1434044 29 Business in the State of Georgia during the year n 1 1 Accident Liability Gross premiums received on risks written or re newed during the year 51403 441432 Gross losses paid I33 g5 64864 GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORPORA TION LTD OF GREAT BRITAIN Frank J Moore United States Manager United States Office 400 Walnut Street Philadelphia Pa ICAPITAL STOCK 1 Deposit insurance department 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 665893 60 Extended at 665893 60 11INCOME 1 Gross premiums unpaid December 31 last year Accident and health 3422284 lia bility 4118300 burglary and theft 13 26075 88666 59612 COMPTROLLERGENERALS REPORT 2 Gross premiums written and renewed during the year Accident and health 74297629 liability 29297874 burglary and theft 9599076 1131945 79 Total 1220612 38 Deduct gross premiums now in course of col lection Accident and health 3609778 liability 4693609 burglary and theft 1878777 101821 64 Entire premiums collected during the year Accident and health 74110135 liability 28722565 burglary and theft 9046374 1118640 74 Deduct reinsurance return premiums and cancellations Accident and health 111 29328 liability 7096767 burglary and theft 2114921 203410 16 18 Total net cash actually receive for premiums 21 Interst on bonds and dividends on stock 22 Interest from all other sources 23 Gross rents from companys property includ ing 274998 for companys own occupancy 9i538o 58 17524 71 803 89 8249 98 24 a 30 Total interest and rents Profit on sale or maturity of ledger assets Sale of rights to subscribers to 25 per cent United Gas Imp Cos hold ings 84685 premium on sale Penna Co gold loan 1901 three bonds 6750 From all other sources Received from home office 26578 58 914 35 223516 99 36 Total income 1166390 50 18 IIIDISBURSEMENTS Gross amount paid for losses Accident and health 23127747 liability 9719136 bur glary and theft 2537142 353840 25 Deduct salvage and reinsurance Accident and health 493309 burglary and theft 44825 5381 34 Net amount paid policyholders for losses 348458 91 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 3279 22 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 20570991 liability 6062197 burglary and theft 2227910 288610 98 COMPTROLLERGENERALS REPORT compensation of officers and 29 30 31 32 33 34 22 Remitted home office 23 Salaries fees and all other home office employees 25 Medical examiners fees and salaries 26 Inspection other than medical 27 Rents 28 Repairs and expenses other than taxeson 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 35 Furniture andfixtures 36 Loss on sale or maturity of ledger assets penses 509500 miscellaneous expenses payable 1000000 total Traveling ex 2217286 bills 45 Total disbursements 613 132648 39 44884 31 8466 14 1156 55 5079 97 1308 50 1314 25 17036 44 1814 66 1421 85 172 33 5721 38 2950 31 37267 86 912610 05 IVLEDGER ASSETS I Book value of real estate unincumbered 4 Book value of bonds excluding interest book value of stocks 995000 5 Cash in companys office 0 88622 7 Other ledger assets 45ii6 and deposited in banks 73 Amount due from other companies paid in full January 1907 7550000 amount due from agents paid in full January 1907 22500 11 Ledger assets 121660 87 648401 16 73887 02 75725 00 919674 05 N0NIEDGER ASSETS 13 Interest accrued on bonds 15 Interest accrued on other assets 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident and health 25 76209 liability 4492693 burglary and theft 1807210 On policies or renewals issued prior to Octo ber I 1906 Accident and health 10335 69 liability 200916 burglary and theft 71567 376l 12 13060 52 4923 55 675 42 33 Total 101821 64614 COMPTROLLERGENERALS REPORT 34 Other nonledger assets viz Assumption by General Ac cident Insurance Co of contingent liability paid in Jan uary 1907 18750 00 37 Gross assets 1045844 66 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October I 1906 13060 52 44 Book value of ledger assets over market value viz Bonds and stocks 40691 41 50 Total 53751 93 51 Admitted assets 092092 73 VLIABILITIES I Losses and claims Adjusted Accident 550 37 In process of adjustment Accident 11920 00 Reported proofs not received Accident 2471367 burglary and theft 481700 2953067 Resisted Accident 990500 burglary and theft 2500 9930 00 16 Special reserve for unpaid liability losses 219938 00 17 Total unpaid claims 271869 04 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 53195460 unearned premiums 50 per cent 265977 30 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 575398i un earned premiums pro rata 29789 51 20 Total unearned premiums 295766 81 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 850149 liability 14 825881 burglary and theft 596379 29291 16 31 Other liabilities viz Special reserve for contingent lia bilities 37500 00 40 Total amount of all liabilities except capital 634427 01COMPTROLLERGENERALS REPORT 615 41 United States deposit 250000 00 42 Surplus over all liabilities 107665 72 43 Surplus as regards policyholders 35766 72 44 Total liabilities 992092 73 Business in the State of Georgia during the year Gross premiums received on risks written or renewed during Gross losses pad 1680565 Gross losses incurred 1goo GENERAL ACCIDENT INSURANCE COMPANY OF PHILADELPHIA PA F NorieMiller President Franklin J Moore Secretary Home Office 400 Walnut Street Philadelphia Pa ICAPITAL STOCK 1 Amount of capital paid up in casn 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 313745 91 Extended at 313745 59 IIINCOME 1 Gross premiums unpaid December 31 last year Accident and healthf 2 Gross premiums written and renewed during the year Accident and health 3 Total 4 Deduct gross premiums now in course of col lection Accident and health 5 Entire premiums collected during the year Accident and health 6 Deduct reinsurance return premiums and cancelations Accident and health 18 Net cash actually received for premiums 20 Interest on collateral loans 7985 07 414246 79 422231 86 12535 48 409696 38 22934 9i 160 00 386761 47616 COMPTROLLERGENERALS REPORT 22 Interest from all other sources 23 Gross rents from companys property 34 25 30 10941 10 492 30 Total interest and rents Profit on sale or maturity of ledger assets sale Penna Co 1901 gold loan bond From all other sources Bills receivable Premium on 36 Total income 11593 40 20 00 10000 00 408374 87 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 149178 19 2 Deduct salvage and reinsurance Accident 1744 63 3 Net amount paid policyholders for losses 147433 56 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident and health 4666 44 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident and health 114635 72 23 Salaries fees and all other compensation of officers and home office employees 60900 00 25 Medical examiners fees and salaries 3748 27 27 Rents 6700 00 30 All other taxes licenses and insurance department fees 8835 58 31 Legal expenses not included in No 14 2500 00 33 Printing and stationery T445 55 34 Postage and express 8294 9 35 Furniture and fixtures 148 00 36 Loss on sale or maturity of ledger assets Premium on sale Iron Mountain Car Trust bond 2 50 40 All other disbursements Traveling expenses 685072 miscellaneous expenses 1430587 21156 59 45 Total disbursements 393067 11 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 5 Cash deposited in bank Total 8 Less accounts not returned till close of year and paid January 1907 4000 00 305955 45 94098 22 404053 67 75000 00 11 Ledger assets 329053 67COMPTROLLERGENERALS REPORT 617 NONLEDGER ASSETS 12 Interest accrued on mortgages 45 59 13 Interest accrued on bonds 3814 15 15 Interest accrued on other assets 183 71 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident and health 5874 01 On policies or renewals issued prior to Octo ber 1 1906 Accident and health 6661 47 33 Total 12535 48 37 Gross assets 345632 60 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October 1 1906 6661 47 44 Book value of ledger assets over market value viz Bonds 661670 special de posit Virginia 1013000 less liability off set 95800 15788 70 50 Total 22450 17 51 Admitted assets 323182 43 VLIABILITIES I Losses and claims Adjusted Accident and health 150 56 In process of adjustment Accident and health 2043 00 Reported proofs not received Accident and health 1167621 Resisted Accident and health 11211 00 15 Net unpaid claims 25080 77 16 Special reserve for unpaid losses 30000 00 17 Total unpaid claims 558 77 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 12465739 unearned premiums 50 per cent 62328 69 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1906 viz Accident 1938 40 31 Other liabilities viz Assumption of contingent liability from General Accident F L Assurance Corp Ltd 18750 00 40 Total amount of all liabilities except capital 138097 86618 COMPTROLLERGENERALS REPORT 41 Capital actually paid up in cash 100000 00 42 Surplus over all liabilities 85084 57 43 Surplus as regards policyholders 185084 57 44 Total liabilities 323182 43 Business in the State of Georgia during the year Accident and Health Gross premiums received on risks written or renewed during the year 1597 14 Gross losses paid 650 42 Gross losses incurred 710 00 GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OF NEW YORK Louis H Fibel President Thomas H Darling Secretary Home Office 290294 Broadway New York N Y ICAPITAL STOCK 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 330575 19 3 Increase of paid up capital during the year 50000 00 Extended at 380575 19 11income 1 Gross premiums unpaid December 31 last year Accident 1616748 health 232888 1849636 2 Gross premiums written and renewed during the year Accident 314 12851 health 10549491 41962342 Total 43811978 4 Deduct gross premiums now in course of collection Accident 1569297 health 262800 18320 97 5 Entire premiums collected during the year Accident 31460302 health 10519579 41979881 COMPTROLLERGENERALS REPORT 619 6 Deduct reinsurance return premiums and cancellations Accident 48 63904 health 1296107 61600 11 18 Total net cash actually received for premiums 358198 70 21 Interest on bontls and dividends on stock 12403 48 22 Interest from all other sources 466 90 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Balto Ohio R R i37So Atch T Santa Fe R R rights 937 30 From all other sources Agents accounts 3931 earned premiums 32132 12870 38 146 87 360 63 36 Total income 371576 58 IIIDISBURSEMENTS 1 Gross amount paid for losses Acci dent 10175614 health 2819751 2 Deduct salvage and reinsurance Acci dent 129953 65 3 Net amount paid policyholders for losses 128933 65 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders commissions or brokerage less amount received on return premiums and reinsur ance viz Accident 8703353 health 2755673 114590 26 22 Stockholders for interest or dividends amount de clared during the year 8750 00 23 Salaries fees and all other compensation of officers and home office employees 38649 15 24 Salaries traveling and all other expenses of agents not paid by commissions 1050 00 25 Medical examiners fees and salaries 1867 38 27 Rents for companys own occupancy 3000 00 30 All other taxes licenses and insurance department fees 8033 97 31 Legal expenses not included in No 14 11321 71 32 Advertising 1163 5J 33 Printing and stationery 8957 48 34 Postage and express 5414 01 35 Furniture and fixtures 610 17 40 All other disbursements General expenses 1142655620 COMPTROLLERGENERALS REPORT traveling expenses 500612 Journal subs 13925 profit and loss agents accounts 54869 45 Total disbursements 17120 61 349461 90 IVLEDGER ASSETS 4 Book value of bonds excluding interest 20534419 and book value of stocks 7736875 5 Cash in companys office 869846 deposited in banks 3627847 7 Other ledger assets Collateral loans 282712 94 44976 93 75000 00 11 Ledger assets 402689 87 NONLEDGER ASSETS 13 fnterest due and accrued on bonds 1083 34 14 Interest due and accrued on collateral loans 019 60 15 Interest due and accrued on other assets 495 48 Total 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1906 Accident 1567297 health 261050 1828347 On policies or renewals issued prior to October 1 1906 Accident 2000 health 1750 37 50 33 Total 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1906 44 Book value of ledger assets over market value viz Stocks and bonds 2598 42 18320 97 423609 26 37 50 6612 94 51 Admitted assets 416958 82 VLIABILITIES i Losses and claims Reported proofs not received Acci dent 451091 health 242589 693680COMPTROLLERGENERALS REPORT 621 Resisted Accident 790000 health 400000 11900 00 17 Total unpaid claims 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 19103788 unearned premiums fifty per cent 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 4 77436 health 83110 3r Other liabilities viz Advance premiums 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 20000000 42 Surplus over all liabilities 94192 57 43 Surplus as regards policyholders 44 Total liabilities Business in the Stale of Georgia during the year Gross premiums received on risks written or renewed during the year 454 29 Gross losses paid 349 32 Gross losses incurred 349 32 18836 80 95Si8 94 5605 46 2805 05 122766 25 294192 57 416958 82 Health 219 36 326 09 326 09 THE GUARANTEE COMPANY OF NORTH AMERICA Edward Rawlings President R B Scott Secretary Home Office 57 Beaver Hall Hill Montreal Canada William Vance Custer Atlanta Attorney for Service in Georgia ICAPITAL STOCK i Amount of capital paid up in cash 304600 00 2 Amount of ledger assets as per bal ance December 31 of previous year 1283775 71 Extended at 1283775 7t 11INCOMi I Gross premiums unpaid December 31 last year Fidelity 5735 39622 COMPTROLLERGENERALS REPORT 2 Gross premiums written and renewed during the year Fidelity 26921055 Total 274945 94 3 Deduct gross premiums now in course of collection Fidelity 12971 08 4 Entire premiums collected during the year Fidelity 261974 86 5 Deduct reinsurance return premiums and cancellations Fidelity 37325 47 18 Total net cash actually received for premiums 224649 39 21 Interest on bonds and dividends on stock 5016893 22 Interest from all other sources 4350 09 23 Gross rents from companys property including 225000 for companys own occupancy 2552 16 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Montreal Street Rwy stock sold 1742025 Board of Trade 2d mortgage bonds value restored 162500 real estate sold overbook value 1000000 57071 18 20045 26 36 Total income 301765 82 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 2 Deduct salvage and reinsurance Fi delity 100789 18 22356 92 3 Net amount paid policyholders for losses 78432 26 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against poliicyholders viz Fidelity 1225 o 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 11936 21 22 Stockholders for interest or dividends amount de clared during the year 335o6 00 23 Salaries fees and all other compensation of officers and home office employees 48134 33 24 Salaries traveling and all other expenses of agents not paid by commissions 22810 29 26 Inspections other than medical 13879 08 COMPTROLLERGENERALS REPORT 623 27 Rents including 225000 for companys own occu pancy 8333 52 28 Repairs and expenses other than taxes on real estate 469 S3 29 Taxes on real estate 534 08 30 All other taxes licenses and insurance department fees 6707 69 31 Legal expenses not included in No 14 1424 99 32 Advertising 1527 51 33 Printing and stationery 3987 96 34 Postage and express 5917 18 36 Loss on sale or maturity of ledger assets Montreal Harbour bonds matured 159000 Phila Bourse stock written off 27500 1865 o 40 All other disbursements Sundry office charges 3526 33 45 Total disbursements 244216 96 IVLEDGER ASSETS 1 Book value of real estate unincumbered 48700 00 2 Mortgage loans on real estate first liens 3000 00 4 Book value of bonds excluding interest 42097550 and book value of stocks 69401757 1114993 07 5 Cash in companys office 259115 deposited in bank 16803820 170629 35 7 Other ledger assets Furniture and safes 4002 15 11 Ledger assets 1341324 57 NONLEDGER ASSETS 13 Interest due 373500 and accrued 356197 on bonds 7296 97 15 Interest due on other assets 2034 52 18 Market value not including interest in item 13 of bonds and stocks over book value 1477 10 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 Fidelity 1297108 37 Gross assets 1365104 24 DEDUCT ASSETS NOT ADMITTED 40 Furniture and fixtures 4002 15 51 Admitted assets 136110209624 COMPTROLLERGENERALS REPORT VLIABILITIES I Losses and claims in process of adjust ment Fidelity 14 Deduct reinsurance 15 Net unpaid claims except liability claims 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 23245855 unearned premiums fifty per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 122970 unearned premiums pro rata 10 19019 00 1500 00 116229 28 1229 70 20 Total unearned premiums 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Fidelity 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 17519 00 117458 98 437 56 6913 33 40 Total amount of all liabilities except capital 14232887 41 Capital actually paid up in cash 304600 00 42 Surplus over all liabilities 914173 22 43 Surplus as regards policyholders 1218773 2 44 Total liabilities 136110209 Business in the State of Georgia during the year Fidelity Gross premiums received on risks written or renewed during the year 6992 26 Gross losses paid 2028 26 Gross losses incurred i853 26 COMPTROLLERGENERALS REPORT 625 HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY L B Brainerd President J B Pierce Secretary Home Office 650 Main Street Hartford Conn CAPITAL STOCK up in cash 500000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 3310177 02 Extended at 33ioi77 02 IIINCOME 1 Gross premiums unpaid December 31 last year Steam boiler 30869857 2 Gross premiums written and renewed during the year Steam boiler 150760685 3 Total 1816305 42 4 Deduct gross premiums now in course of collection Steam boiler 29495040 5 Entire premiums collected during the year Steam boiler 1521355 02 6 Deduct reinsurance return premiums and cancellations Steam boiler 180919 12 18 Total net cash actually received for premiums 1340435 90 20 Interest on mortgage loans 4920078 22 Interest on bonds and dividends on stock 108172 88 23 Interest on deposits 2356 88 24 Interest from all other sources 1297 52 25 Gross rents from companys property 206 85 26 Total interest and rents 27 Profits on sale or maturity of ledger assets On real estate 291000 on sale or maturity of securi ties Reno Kas Tp bonds 290700 contin gent account 40000 Bald Eagle Valley R R bonds 6500 Atlanta Charlotte Air Line bonds 3000 C M St P Ry common stock 2580 31 Special inspections and expert mechanical service 161234 91 6337 80 23154 18 3 Total income 40 ia 1531162 79 626 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS I Gross amount paid for losses Steam boiler 12715822 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Steam boiler 294671 30 19 Stockholders for interest or dividends amount de clared during the year 60000 00 20 Salaries fees and all other compensation of officers directors trustees and home office employees 53120 00 21 Salaries traveling and all other expenses of agents not paid by commissions 122764 70 23 Inspections other than medical 456177 66 24 Rents 5500 00 25 Repairs and expenses other than taxes on real estate 311 35 26 Taxes on real estate 50 80 27 All other taxes licenses and insurance department fees 44387 35 28 Legal expenses 2231 84 29 Advertising 4766 19 30 Printing and stationery 19453 30 31 Postage and express 12198 84 32 Furniture and fixtures 2339 01 34 On sale or maturity of securities 1984 49 46 Total disbursements 1207115 05 IVLEDGER ASSETS 1 Book value of real estate unincumbered 945000 2 Mortgage loans on real estate first liens 1047720 00 4 Book value of bonds excluding interest 213327019 and book value of stocks 29983236 2433102 55 5 Cash in companys office 672499 deposited in bank 13722722 14395221 11 Ledger assets as per balance 363422476 NONLEDGER ASSETS 12 Interest due and accrued on mortgages 26448 03 18 Market value of bonds and stocks over book value 144123 45 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1906 Steam boiler 173449 47 COMPTROLLERGENERALS REPORT On policies or renewals issued prior to October I 1906 Steam boiler 121500 93 33 Total 27 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums incourse of collection written prior to October I 1906 627 294950 40 4099746 64 121500 93 51 Admitted assets 3978245 71 VLIABILITIES I Losses and claims In process of adjustment Steam boiler 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 6244626 unearned premiums fifty per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 3 59759535 unearned premiums pro rata 26250 80 31223 13 1900624 16 21 Total unearned premiums 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 500000 00 44 Surplus over all liabilities 1485457 73 45 Surplus as regards policyholders 46 Total liabilities Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross losses paid 1931847 29 34689 89 1992787 98 i98S4S7 73 3978245 71 Steam Boiler 18979 69 875 40628 COMPTROLLERGENERALS REPORT LLOYDS PLATE GLASS INSURANCE CO OF NEW YORK William T Woods President Charles E W Chambers Secretary Home Office 63 William Street New Ydrk 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 bal ance December 31 of previous year 755188 08 Extended at 755188 gS IIINCOME 1 Gross premiums unpaid December 31 last year Plate glass 79534 43 2 Gross premiums written and renewed during the year Plate glass 492641 00 Total 572175 43 3 Deduct gross premiums now in course of collection Plate glass 89058 27 4 Entire premiums collected during the year Plate glass 483117 16 5 Deduct reinsurance return premiums and cancellations Plate glass 25776 71 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 18171 14 23 Gross rents from companys property 15627 60 24 Total interest and rents 30 From all other sources Profit and loss 36 Total income 457340 45 33798 74 56 07 491195 26 IIIDISBURSEMENTS 1 Gross amount paid for losses Plate glass 168340 01 2 Deduct salvage and reinsurance Plate glass 9024 28 3 Net amount paid policyholders for losses Plate glass 3I5 73COMPTROLLERGENERALS REPORT 629 14 22 23 24 27 29 30 31 32 33 34 35 40 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Plate glass Stockholders for interest or dividends declared dur ing the year 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 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 Furniture and fixtures All other disbursements Sundries ivledger assets I Book value of real estate unincumbered i 4 Book value of bonds excluding interest 23926487 and book value of stocks 26826704 5 Cash in companys office 265266 deposited in banks 2233678 ISS9H 30 50000 00 57794 55 521 09 1186 81 5578 99 5565 49 13825 19 93 18 4332 08 3344 15 4681 71 406 85 5542 59 45 Total disbursements 46809971 II Ledger assets 245763 18 507531 91 24989 44 778284 53 NONLEDGER ASSETS 13 Interest accrued on bonds 17 Market value of real estate over book value 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1906 Plate glass On policies or renewals issued prior to October 1 1906 Plate glass 83187 53 5870 74 33 Total 34 Other nonledger assets viz Salvage glass on hand 334461 sundry accounts 12000 1500 00 19236 82 89058 27 3464 61 37 Gross assets i544 23630 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collec tion written prior to October 1 1906 5870 74 44 Book value of ledger assets over market value viz Depreciation of security values stocks and bonds 1989891 salvage glass on hand 334461 sun dry accounts 12000 23363 52 Total 29234 26 St Admitted assets 862309 97 vliabilities 1 Losses and claims in process of adjustment plate glass 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 39627449 unearned premiums fifty per cent 198137 24 10 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 120 36562 unearned premiums pro rata 63287 32 20 Total unearned premiums 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Plate glass 25 Salaries rents expenses taxes bills accounts fees etc due or accrued sundry accounts 31 Other liabilities viz Due for plate glass and glazing 40 Total amount of all liabilities except capital 4 Capital actually paid up in cash 250000 00 42 Surplus over all liabilities 301306 24 43 Surplus as regards policyholders 4j Total liabilities Business in the State of Georgia during the year Gross premiums received on risks written or re newed during the year Gross losses paid 8342 06 261424 56 27729 18 6 75 13501 18 311003 72 551306 24 862309 97 Plate Glass 1771 01 482 65 COMPTROLLERGENERALS REPORT 631 LONDON GUARANTEE AND ACCIDENT COMPANY LIMITED U S BRANCH A W Masters General U S Manager Home Office for the United States 315 Dearborn Street Chicago III 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 170615082 Extended at 1706150 82 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 2587976 liability 202 38120 credit 427500 23253596 2 Gross premiums written and renewed during the year Accident 17402259 liability 148958458 credit 6771250 1731319 67 3 Total 196385s 63 4 Deduct gross premiums now in course of collection Accident 2086640 liability 25145833 credit 831250 280637 23 5 Entire premiums collected during the year Accident 17903595 liability 1440507 45 credit 6367500 1683218 40 6 Deduct reinsurance return premiums and cancellations Accident 3042677 lia bility 18318033 credit 426250 21786960 18 Total net cash actually received for premiums 1465348 80 22 Interest on bonds and dividends on stock 55713 16 23 Interest on deposits 1618 73 26 Total interest 27 Profit on sale or maturity of ledger assets Chicago Bur lington Quincy R R bonds 57331 89 449 29 38 Total income 1523129632 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS Gross amount paid for losses Accident 7841602 liability 39691676 credit 293589 Deduct salvage and reinsurance Accident 635569 credit 24118 478268 67 6596 87 3 Net amount paid policyholders for losses 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Acci dent 4191668 liability 33646598 credit 1782375 19 Stockholders for interest or dividends remitted home office 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 23 Inspections other than medical 24 Rents 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express 32 Furniture and fixtures 37 All other disbursements Traveling 257377 exchange 49200 sundry expense 668490 IVLEDGER ASSETS 4 Book value of bonds excluding interest 5 Cash in companys office 153836 deposited in bank 168 00000 471671 80 396206 41 107791 72 77550 25 26954 75 9436 57 8962 71 22778 33 1175 00 4022 88 9422 09 3751 98 1552 99 9750 67 46 Total disbursements 1303428 68 1756313 76 169538 36 II Ledger assets 1925852 12 NONLEDGER ASSETS 13 Interest accrued on bonds 22287 31 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October i 1906 Accident 1986940 liability 24587674 credit 831250 274058 64 On policies or renewals issued prior to October 1 1906 Ac cident 99700 liability 558159 6578 59 37 Gross assets 2228776 66 COMPTROLLERGENERALS REPORT 633 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October I 1906 6578 59 45 Bonds owned 8569451 Total 92273 10 Si Admitted assets 213650356 VLIABILITIES I Losses and claims In process of adjustment Accident 20400 00 Resisted Accident 1055000 credit on policies expiring prior to October I 1906 100000 550 00 13 Total 3L950 00 14 Deduct reinsurance 5ooo 00 15 Net unpaid claims except liability 26950 00 16 Special reserve for unpaid liability losses 737921 14 17 Special reserve for credit losses on policies expiring in October November and De cember 1906 being 50 per cent of 15 33750 gross premiums received on said policies less 64568 paid during said months on losses under said policies 7023 07 18 Total unpaid claims and expenses of settlement 771894 21 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 103022787 un earned premiums 50 per cent 5ISH3 94 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 9310263 un earned premiums pro rata 53496 08 21 Total unearned premiums 568610 02 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Accident 546408 liability 67 61610 credit 30000 733o 18 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 449 77 32 Advance premiums 100 per cent 7312 50 34 Additional reserve liability department 100000 00 42 Total amount of all liabilities except capital 152159 43634 COMPTROLLERGENERALS REPORT 43 Capital actually paid up in cash statutory dePsit 25000000 44 Surplus over all liabilities 361256 88 45 Surplus as regards policyholders 611256 88 46 Total liabilities 2136503 56 Business in the State of Georgia during the year n Accident Liability Gross premiums received on risks written or renewed during the year 4J I2o88 0 Gross losses paid 47 oS 2 g4g g MARYLAND CASUALTY COMPANY OF MARYLAND John T Stone President James p Mitchell Secretary Home Office Maryland Casualty Building Baltimore Aid A Haas Son Flowell Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in casn 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 3092819 01 Extended at 3092819 01 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 8693802 health 10 34852 liability 23514375 plate glass 3206506 steam boiler 2885571 bur glary and theft 3510360 sprinkler 15 19270 44364736 2 Gross premiums written and renewed during the year Accident 61843765 health 6694388 liability 161876401 plate glass 21110743 steam boiler 187861 45 burglary and theft 26929091 sprinkler 11152990 3083935 23 3lf 3527582 59 4 Deduct gross premiums now in course of col lection Accident 9736554 health 9 83543 liability 27825415 plate glassCOMPTROLLERGENERALS REPORT 635 3424186 steam boiler 3887336 bur glary and theft 4345282 sprinkler 18 36987 520393 03 5 Entire premiums collected during the year Accident 60801013 health 6745697 liability i5756536i plate glass 208 93063 steam boiler 17784380 bur glary and theft 26094169 sprinkler 10835273 3007189 56 6 Deduct reinsurance return premiums and cancellations Accident 14647352 health 1807132 liability 26954251 plate glass 3965369 steam boiler 5019928 burglary and theft 7922228 sprinkler 2265686 625819 46 18 Total net cash actually received for premiums 2381370 10 21 Interest on bonds and dividends on stock 103767 63 23 Gross rents from companys property including 1624474 for companys own occupancy 33909 31 25 Profit on sale or maturity of ledger assets Georgia and Alabama cons bonds 59375 Penna Co 3 G L 63 75 total 657 50 29 Inspections 81678 54 36 Total income 2601383 08 IIIDISBURSEMENTS Gross amount paid for losses Accident 20044227 health 2687507 liability 53368242 plate glass 5807080 steam boiler 2592193 burglary and theft 49 29591 sprinkler 2418159 918469 99 Deduct salvage and reinsurance Accident 989438 health 2542 liability 2744 24 plate glass 116380 steam boiler 670 burglary and theft 745225 sprinkler 110994 22396 73 Net amount paid policyholders for losses 896073 26 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 585158 health 66259 liability 209 01677 plate glass 19286 steam boiler 67331 bur glary and theft 242933 sprinkler 236444 221190 88 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 15812745 health I4977o6 liability 321826636 COMPTROLLERGENERALS REPORT 25 plate glass 5650111 steam boiler 4887968 bur glary and theft 5347717 sprinkler 1969115 673479 87 22 Stockholders for interest or dividends amount declared during the year Q0000 O0 23 Salaries fees and all other compensation of officers and homeoffice employees 123095 58 24 Salaries traveling and all other expenses of agents not paid by commissions 84118 32 25 Medical examiners fees and salaries 1500 00 26 Inspections other than medical 63860 81 27 Rents for companys own occupancy 16244 74 28 Repairs and expenses other than taxes on real estate 5614 02 29 Taxes on real estate gggg sg 30 All other taxes licenses and insurance department fees 46470 31 31 Legal expenses not included in No 14 250 04 32 Advertising 38253 62 33 Printing and stationery 16668 79 34 Postage and express gr r 35 Furniture and fixtures 5 gg gg 36 Loss on sale or maturity of ledger assets U S government bonds 293750 Wheeling Lake Erie Equip 36806 3305 56 40 All other disbursements General expense 689478 trav eling 3015 20 9Q09 0g 45 Total disbursements 2311559 01 IVLEDGER ASSETS I Book value of real estate unincumbered 446817 47 4 Book value of bonds excluding interest 252569250 and book value of stocks 19724675 2722939 25 5 Casli in companys office 1563650 deposited in banks 7565172 9Ii2gg 22 6 Bills receivable 7 0g g 7 Other ledger assets Ground rent 10000000 agents bal ances 1451340 II4SI3 40 11 Ledger assets 33g2j642 l8 NONLEDGER ASSETS 13 Interest due and accrued on bonds 16287 10 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident 9736554 health 983543 liability 24825415 plate glass 3424186 steam boiler 38 87336 burglary and theft 4345282 sprinkler 1836987 490393 03COMPTROLLERGENERALS REPORT 657 On policies or renewals issued prior to Oc tober I 1906 Liability 30000 00 33 Total 520393 03 37 Gross assets 3919322 31 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 7083 84 43 Gross premiums in course of collection writ ten prior to October 1 1906 30000 00 44 Book value of ledger assets over market value viz 8866968 agents balances 1451340 10318308 Total 140266 92 51 Admitted assets 3779055 39 vliabilities I Losses and claims In process of adjustment Accident 44 47692 health 356143 plate glass 9 49187 steam boiler 62521 burglary and theft 1350513 sprinkler 129000 phys defense 17500 Resisted for policyholders Phys defense Resisted Accident 1725000 health 150 steam boiler 645000 burglary and theft 555000 73125 56 2625 00 29400 00 15 Net unpaid claims except liability claims 105150 56 16 Special reserve for unpaid liability losses 740393 64 17 Total unpaid claims and expenses of settlement 845544 20 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 187423077 un earned premiums 50 per cent 937115 39 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 31909523 un earned premiums pro rata 186741 14 20 Total unearned premiums 1123856 5g 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 3245518 health 2950 63 liability 6612504 plate glass 1141395 steam638 COMPTROLLERGENERALS REPORT boiler 971834 burglary and theft 1194953 sprin kler 459246 139205 13 40 Total amount of all liabilities except capital 2108605 86 41 Capital actually paid up in cash 750000 00 42 Surplus over all liabilities 920449 53 43 Surplus as regards policyholders 1670449 53 44 Total liabilities 3779055 39 Business in the State of Georgia during the year Gross Premiums Received on Risks Gross Written or Re Losses newed During Paid the Year Accident 42707 56 12185 67 Health 1586 41 1052 84 Liability 26651 43 6878 74 Plate glass 2996 75 769 14 Steam boiler 2500 98 81 80 Burglary and theft 3414 Si 308 71 Sprinkler 809 70 2 60 METROPOLITAN CASUALTY INSURANCE CO OF NEW YORK Eugene H Winslow President S Wm Burton Secretary Home Office 47 Cedar Street New York City N Y J L Riley Atlanta Attorney for Service in Georgia 1capiTai STOCK 1 Amount of capital stock paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previotis year Extended at 565081 64 565081 64 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 1071479 health 1861 25 plate glass 6589093 7846697 2 Gross premiums written and renewed during the year Accident 10231606 health 1851025 plate glass 50953737 630363 68 3 Total 708830 65COMPTROLLERGENERALS REPORT 639 4 Deduct gross premiums now in course of col lection Accident 13333971 health 3 07101 plate glass 7039302 86798 90 5 Entire premiums collected during the year Accident 9969688 health 1730049 plate glass 50503438 622031 75 6 Deduct reinsurance return premiums and cancellations Accident 2291448 health 475974 plate glass 7521021 102884 43 18 Total net cash actually received for premiumsi 21 Interest on bonds and dividends on stock 22 Interest from all other sources 25 Profit on sale or maturity of ledger assets 50 shares Long Island Safe Deposit Co stock 36 Total income 538870 18 519147 32 17908 14 1577 22 237 50 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 3000632 health 376457 plate glass 16946463 203235 52 2 Deduct salvage and reinsurance Plate glass 1944 XS 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 2844906 health 582681 plate glass 153767 25 22 Stockholders for interest or dividends amount declared during the year 23 Salaries fees and all other compensation of officers and home office employees 24 Salaries traveling and all other expenses of agents not paid by commissions 25 Medical examiners fees and salaries 27 Rents 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 201291 37 56 21 188043 12 20000 00 63820 62 9872 28 1097 00 7076 96 14442 85 1161 76 1798 39 7529 33 3292 80 517 90640 COMPTROLLERGENERALS REPORT 36 Loss on sale or maturity of ledger assets Profit and loss 121 75 40 All other disbursements Sundries 10124 01 45 Total disbursements 530946 35 IVLEDGER ASSETS 4 Book value of bonds excluding interest 41930625 and book value of stocks 10011620 519422 45 5 Cash in companys office 544868 deposited in banks 4813434 53583 02 11 Ledger assets 573005 47 NONLEDGER ASSETS 13 Interest accrued on bonds 4504 13 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident 1308435 health 305001 plate glass 6941852 85552 88 On policies or renewals issued prior to Octo ber I 1906 Accident 24962 health 21 plate glass 97540 1246 02 Total 86798 90 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October 1 1906 1246 02 44 Book value of ledger assets over market value 6572 45 Total 7818 47 51 Admitted assets VLIABILITIES 1 Losses and claims In process of adjustment Plate glass 6717 27 Reported proofs not received Accident 4 89200 health 147700 6369 00 17 Total unpaid claims and expenses of settlement 13086 27 8 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 52283837 unearned premiums 50 per cent 261419 18 664308 50 656490 03COMPTROLLERGENERALS REPORT 641 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Accident 454169 health 93022 plate glass 2472025 30192 16 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 735 67 30 Reinsurance 1231 35 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 200000 00 42 Surplus over all liabilities 149825 40 43 Surplus as regards policyholders 306664 63 349825 40 44 Total liabilities 656490 03 Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred Accident 14741 97 4197 77 4386 77 Health 2959 22 637 85 1087 85 Plate Glass 2348 30 1267 49 i25S 59 THE METROPOLITAN SURETY COMPANY John J Caullet President M Joseph McCloskey Secretary Home Office No 38 Park Row New York N Y ICAPITAL STOCK I Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 660574 38 660574 38 IIINCOME 1 Gross premiums unpaid December 31 last year Fidelity 372005 surety 3097560 34695 65 2 Gross premiums written and renewed during the year Fidelity 6754774 surety 31860280 burglary and theft 10472392 49087446 3 Total 41 in 525570 II642 COMPTROLLERGENERALS REPORT 4 Deduct gross premiums now in course of collection Fidelity 936265 surety 8336507 burglary and theft 2069006 11341778 5 Entire premiums collected during the year Fidelity 6190514 surety 26621333 burglary and theft 84 03386 412152 33 6 Deduct reinsurance return premiums and cancellations Fidelity 707923 surety 1578641 burglary and theft 1877558 41641 22 i3 Total net cash actually received for premiums 19 Interest on mortgage loans 846 24 21 Interest on bonds and dividends on stock 20956 41 22 Interest on deposits 2244 89 24 Total interest and rents 30 From all other sources viz Investigation fees and miscellaneous income 36 Total income 370511 n 24047 54 5244 09 399802 74 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 291627 surety 3013934 burglary and theft 879097 41846 58 2 Deduct salvage and reinsurance Fi delity 183227 surety 718888 9021 15 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 39399 surety 57769 burglary and theft 172825 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 1326733 surety 4638663 burglary and theft 1931611 22 Stockholders for interest or dividends amount de clared 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 27 Rents 32825 43 2699 93 78970 07 20000 00 52339 78 30154 67 14924 06dgBMr COMPTROLLERGENERALS REPORT 643 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 40 All other disbursements Traveling expenses 9 09336 telegraph and telephone 381992 45 Total disburseents 56l2 39 13151 26 10959 27 20326 07 7615 09 5309 72 12913 28 307801 02 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 4 Book value of bonds and stocks 5 Cash in companys office 5306926 deposited in banks 4214798 6 Bills receivable 7 Other ledger assets Advanced on contracts se cured 1635869 mortgage salvage 177516 11 Ledger assets 48850 00 581875 01 95217 24 8500 00 18133 85 752576 10 NONLEDGER ASSETS 12 Interest due and accrued on mort gages 13 Interest due and accrued on bends Total 242 71 4633 34 4876 05 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Fi delity and surety 6918888 burg lary and theft 1697813 8616701 On policies or renewals issued prior to October 1 1906 Fidelity and surety 2353884 burglary and theft 3 71193 2725077 33 Total H34I7 78 34 Other nonledger assets viz furniture and fixtures 1045393 special deposits 943500 1988893 37 Gross assets 890758 86 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 8Soo 00 40 Furniture and fixtures io4S3 93644 COMPTROLLERGENERALS REPORT 43 Gross premiums in course of collection written prior to October 1 1906 27250 Tj Total SI Admitted assets 839341 65 5i4i7 21 VLIABILITIES I Losses and claims In process of adjustment Fidelity 8835 surety 2436760 burglary and theft 146706 Resisted Burglary and theft 10 25923 01 901 50 17 Total unpaid claims 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 30538099 unearned premiums 50 per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy un earned premiums pro rata 26824 51 152690 50 17248 48 20 Total unearned premiums 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Fidelity and surety 613104 burglary and theft 223154 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 30 Reinsurance 31 Other liabilities viz Contingent reserve 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 500000 00 42 Surplus over all liabilities 11987985 169938 98 8362 58 183 92 47l6 81 9435 00 219461 80 43 Surplus as regards policyholders 619879 8 44 Total liabilities 839341 65 Business in the State of Georgia during the year Fidelity Gross premiums received on risks written or renewed during the year 55 00 Surety 367 28 COMPTROLLERGENERALS REPORT 645 NATIONAL SURETY COMPANY OE NEW YORK William B Joyce President Samuel H Shriver Secretary Home Office 346 Broadway New York N Y ICAPITAL STOCK 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 1872433 82 Extended at 187243382 11INCOME 1 Gross premiums unpaid December 31 last year Fidelity 10272570 surety 7438757 burglary and theft 36 91727 214030 54 2 Gross premiums written and renewed during the year Fidelity 77316190 surety 58249607 burglary and theft 21352296 1569180 93 Total 178321147 3 Deduct gross premiums now in corse of collection Fidelity 11448473 surety 8636568 burglary and theft 4277206 243622 47 4 Entire premiums collected during the year Fidelity 76140287 surety S7o5i796 burglary and theft 207 66817 153958900 5 Deduct reinsurance return premiums and cancellations Fidelity 124 79947 surety 9414697 burglary and theft 3393479 252881 23 18 Total net cash actually received for premiums 1286707 77 19 Interest on mortgage loans 595 86 21 Interest on bonds and dividends on stock 38334 60 22 Interest from all other sources 8403 80 23 Gross rents from companys property 5895 09 24 Total interest and rents 53229 35646 COMPTROLLERGENERALS REPORT 25 Profit on sale or maturity of ledger assets Parcel No 7 Washburn property Chicago No 106468 76th street 738 3S 30 From all other sources Miscellaneous income 133 18 36 Total income 321324247 IIIDISBURSEMENTS 1 Gross amount paid for losses Fidelity 28580983 surety 43672607 bur glary and theft 4298860 76552450 2 Deduct salvage and reinsurance Fi delity 11972345 surety 4831140 burglary and theft 190087 i6993S 7 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Fidelity 1696717 surety 2200321 burglary and theft 223861 t8 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 11725316 surety 8845414 burglary and theft 4668207 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 Inspection other than medical Fidelity 652588 surety 2898 trainmen 307772 27 Rents 28 Repairs and expenses other than taxes on real estate 29 Taxes on real estate 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 36 Loss on sale or maturity of ledger assets Charged off in book value New York City stock 940000 on sale of stock Davies Mills Co Fall River Mass 150000 40 All other disbursements Miscellaneous expenses 14 03344 telephone and telegraph 335452 ad vanced to inspectors etc expenses 128762 ad 595588 78 41208 99 252389 37 148594 4 95759 17 9632 58 12591 44 3014 78 106 03 30978 30 21968 61 5005 33 19919 33 20384 42 2767 81 10900 00 COMPTROLLERGENERALS REPORT 647 vanced account commissioners 27695 loss through agents and others 1125 suspense items 1 02383 19987 6r 45 Total disbursements 1290797 19 IVLEDGER ASSETS 1 Book value of real estate unincumbered T 16426 77 2 Mortgage loans on real estate first liens 17465 85 4 Book value of bonds excluding interest 1233 97813 and book value of stocks 24415000 1478128 13 5 Cash in companys office 1621515 deposited in banks 27833852 294553 67 6 Accounts receivable Refund of fares 4596 railroad inspection advertising expenses 568165 German Bank Buffalo 33621 Merchants Tr 3880 610262 7 Other ledger assets Advanced on contracts 9 55365 agency balances 21459 9768 24 II Ledger assets 1922445 28 NONLEDGER ASSETS 12 Interest accrued on mortgages 13 Interest accrued on bonds and stocks Total 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1906 Fidelity 8062481 surety 6082223 bur glary and theft 3827211 On policies or renewals issued prior to October 1 1906 Fidelity 3385992 surety 2554345 burglary and theft 449995 152 00 8044 15 33 Total T797I9 IS 63903 32 8196 15 243622 47 37 Gross assets 2174263 90 DEDUCT ASSETS NOT ADMITTED 39 Accounts receivable German Bank Buffalo 33621 Mer Trust Co Memphis 3880 375 01 43 Gross premiums in course of collection written prior to October 1 1906 63903 32648 COMPTROLLERGENERALS REPORT 44 Book value of ledger assets over mar ket value viz Stocks and bonds Total Si Admitted assets 5658 97 69937 30 2104326 60 LIABILITIES 26 30 Losses and claims In process of adjustment Fidelity 61722 surety 2489181 burglary and theft 550140 Resisted Fidelity 3340233 surety 5156525 31010 43 84967 58 17 Total unpaid claims and expenses of settlement 18 Gross premiums less reinsurance upon all unexpired risks running one year or more from date of policy 140019402 unearned premiums 50 peV cent 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Fidelity 14 10934 surety 1064389 burglary and theft 6 69760 Dividends due stockholders Reinsurance 366403 company surety 735235 31 Other liabilities viz Advance premiums 100 per cent 960056 loss and salvage 280801 mis cellaneous 19626 Munich reinsurance real estate 10231 Munich reinsurance salvage 251162 special reserve created by company 10000000 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 500000 00 42 Surplus over all liabilities 620565 61 115978 01 700097 01 31450 83 10000 00 11016 38 105618 20 983760 99 43 Surplus as regards policyholders 1120565 61 44 Total liabilities 2104326 60 Business in the State of Georgia during the year Burglary Fidelity Surety and Theft Gross premiums received on risks written and renewed during the year 762387 291366 89730 Gross losses paid 193 44 558 80 136 34 Gross losses incurred 493 44 284 88 121 34 COMPTROLLERGENERALS REPORT 649 NATIONAL CASUALTY COMPANY OF MICHIGAN David E Thomas President Franklin S Dewey Secretary Principal Office Detroit Mich W A Wright Atlanta Attorney for service in Georgia ICAPITA STOCK I Amount of capital stock paid up in cash 10000000 Amount of net or ledger assets Decem ber 31 of previous year 140956 00 Extended at IIINCOME DURING YEAR IOX6 I Cash received for premiums on new policies without deductions for commissions or other expenses Health and accident 9 Cash received for interest on bonds owned and divi dends on stock 17 Premium notes loans or liens restored 18 Policy fees 19 From all other sources viz Policy fees as rcpre sented by application 140956 00 Total income 354285 92 4164 41 1044 46 321 29 64000 00 423816 08 HIDISBURSEMENTS DURING YEAR I9O6 I Cash paid for claims including revisionary additions Health and accident 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance 18 Cash paid for salaries and allowances to managers and agents 20 Cash paid for salaries and all other compensations of officers and other home office employees 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising and printing 28 Cash paid for legal expenses 29 Cash paid for the following items viz Policy fees retained by agents 6400000 postage and express 142608 06 24000 00 47020 48 46098 53 31539 44 6784 31 9589 23 343 65 9537 29 4064 80650 COMPTROLLERGENERALS REPORT 878435 traveling expense 287765 general ex pense 992248 30 Total disbursements IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real estate 6 Cost value of bonds and stocks owned excluding crued 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 14 Interest due 11800 and accrued 2838 on mortgages 146 38 15 Interest accrued on bonds and stocks 1955 tI Total cajried out 21 Market value of bonds and stocks over cost 24 Gross deferred premiums on policies in force Decem ber 31 1906 28 Total assets VLIABILITIES 11 Commissions due agents 12 Advance premiums 13 Amount due on account of salaries rents and office expenses 16 Amount of any other liability of the company viz Health and accident claims in process of adjust ment i Liabilities on policyholders account 20 Capital stock 21 Surplus over all liabilities Total 85S84 48 264562 26 2700 00 129400 00 865 96 16035 68 8600 12 157601 76 2101 49 337i 7o 800 00 163874 95 3100 00 2755 40 250 00 7500 00 23605 40 100000 00 40269 55 163874 95 COMPTROLLERGENERALS REPORT 651 NEW YORK PLATE GLASS INSURANCE COMPANY Major A White President J Carroll French Secretary Home Office 42 Cedar Street New York ICAPITAL STOCK 1 Amount of capital paid up in cash 20000000 2 Amount of ledger assets as per bal ance December 31 of previous year 665823 54 Extended at 66523 54 IIINCOME Gross premiums unpaid December 31 last year Plate glass 88331 17 Gross premiums written and renewed during the year Plate glass 560644 92 Total 648976 09 Deduct gross premiums now in course of collection Plate glass i 9T748 S3 Entire premiums collected during the year Plate glass 557227 56 Deduct reinsurance return premiums andcancellations Plate glass 88563 57 18 Total net cash actually received for premiums 19 Interest on mortgage loans 89000 21 Interest on bonds and dividends on stock 23168 83 22 Interest from all other sources 159 9 24 Total interest and rents 25 Profit on sale or maturity of ledger assets Stocks and bonds 36 Total income 468663 99 25650 81 5460 27 499775 07 IIIDISBURSEMENTS i Gross amount paid for losses Plate glass 208176 95 2 Deduct salvage and reinsurance Plate glass 25I4 Si 3 Net amount paid policyholders for losses 205662 44652 COMPTROLLERGENERALS REPORT 18 Commissions or brokerage less amount on return premiums and reinsurance for the following classes Plate glass 22 Stockholders for interest or dividends amount de clared during the year 12 per cent 23 Salaries fees and all other compensation of officers and home office employees 24 Salaries traveling and all other expenses of agents not paid by commissions 27 Rents 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 40 All other disbursements Traveling 39258 sus pense 8249 general expense 717343 45 Total disbursements IVLEDGER ASSETS 2 Mortgage loans on real estate other than first liens a 4 Book value of bonds excluding interest 15490919 and book value of stocks 48341932 5 Cash in companys office 282530 deposited in banks 2662168 163054 99 30000 00 39984 69 4959 73 8528 96 13101 43 82 05 665 92 2452 21 1678 82 168 36 7483 52 n Ledger assets NONLEDGER ASSETS 18 Market value of bonds and stocks over book value 19 Gross premiums in course of collection viz 477823 12 20000 00 638328 51 29446 98 687775 49 10447 49 On policies or renewals issued subse quent to October 1 1907 Plate glass On policies or renewals issued prior to October 1 1906 Plate glass 90934 44 514 09 33 Total 91748 53 37 Gross assets DEDUCT ASSETS NOT ADMITTED 789971 51 43 Gross premiums in course of collection written prior to October 1 1906 51 Admitted assets 814 09 789157 42J COMPTROLLERGENERALS REPORT 653 VLIABILITIES Losses and claims In process of adjustment Plate glass 3538 73 Reported proofs not received Plate glass 1348 00 17 Total unpaid claims and expenses of settlement 18 Gross premiums less reinsurance up on all unexpired risks running one year or less from date of policy 460 71615 unearned premiums 50 per cent 230358 08 19 Gross premiums less reinsurance up on all unexpired risks running more than one year from date of policy 3847905 unearned premiums pro rata 20944 80 20 Total unearned premiums 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Plate glass 26 Dividends due stockholders 4886 73 251302 88 31827 05 6000 00 40 Total amount of all liabilities except capital 294016 66 41 Capital actually paid up in cash 200000 00 42 Surplus over all liabilities 295140 76 43 Surplus as regards policyholders 44 Total liabilities Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred 495140 76 789157 42 Plate Glass 2449 IO 546 48 546 4654 COMPTROLLERGENERALS REPORT NORTH AMERICAN ACCIDENT INSURANCE COMPANY OF 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 200000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 382333 95 3 Increase of paidup capital during the year transferred from surplus account 100000 00 Extended at 482333 95 IIINCOME 1 Gross premiums unpaid December 31 last year 57366 35 2 Gross premiums written and renewed during the year 72018927 3 Total 777555 62 4 Deduct gross premiums now in course of collection 31709 32 5 Entire premiums collected during the ycar 745846 30 6 Deduct reinsurance return premiums and cancellations 82195 34 18 Total net cash actually received for premiums 66365096 Policy fees required or represented by applications 192164 00 19 Interest on mortgage loans 2386 44 20 Interest on collateral loans 1862 50 21 Interest on bonds and dividends on stock 11200 55 22 Interest from all other sources 11687s 24 Total interest t6 618 22 36 Total income 872433 18 IIIDISBURSEMENTS Accident i Gross amount paid for losses 199127 63 2 Deduct salvage and reinsurance 344 82 3 Net amount paid policyholders for losses 19878281 COMPTROLLERGENERALS REPORT 655 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders 5279 51 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following class Accident 234990 63 Policy fees waived or retained by agents 192164 00 22 Stockholders for interest or dividends amount de clared during the year 20000 00 23 Salaries fees and all other compensation of officers and home office employees 61934 25 24 Salaries traveling and all other expenses of agents not paid by commissions 27050 00 25 Medical examiners fees and salaries 4650 70 27 Rents 8506 91 30 All other taxes licenses and insurance department fees 12999 62 31 Legal expenses not included in No 14 21043 32 Advertising II96 159 33 Printing and stationery 16433 74 34 Postage and express 9668 44 35 Furniture and fixtures 2354 48 40 All other disbursements Incidental expense 789081 traveling expenses 374850 hospital fees 181497 13454 28 43 Transferred from surplus account to capital stock ac count as a stock dividend 100000 00 45 Total disbursements 909676 39 IVLEDGER ASSETS 2 Mortgage loans on real estate 65100 00 3 Loans secured by pledge of bonds stocks or other col laterals 348oo 00 4 Book value of bonds excluding interest 300631 85 5 Cash in companys office 187150 deposited in banks 3663388 3850538 7 Other ledger assets Cash in branch offices for cur rent use 151134 cash advanced to agents 454217 6053 51 II Ledger assets 445090 74 NONLEDGER 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 poli cies or renewals issued subsequent to October I 1906 794 29 782 31 109 28 31709 32 37 Gross assets 478485 94656 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 44 Book value of ledger assets over market value 47 Cash advanced to agents Total SI Admitted assets 3215 40 4542 17 7757 57 470728 37 VLIABILITIES I Losses and claims In process of adjustment Resisted 12654 18 10840 00 17 Total unpaid claims 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 16816928 unearned premiums fifty per cent 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies is sued subsequent to October 1 1906 JS Salaries rents expenses taxes bills accounts fees etc due or accrued 32 Estimated cost of adjusting unpaid claims 40 Total amount of all liabilities except capital and surplus 41 Capital actually paid up in cash 20000000 42 Surplus over all liabilities 152422 55 43 Surplus as regards policyholders 44 Total liabilities Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred 23494 18 84084 64 7927 00 1800 00 1000 00 118305 82 352422 55 470728 37 Accident 9182 39 1969 29 2027 29 COMPTROLLERGENERALS REPORT 657 THE OCEAN ACCIDENT AND GUARANTEE CORPORATION LIMITED OF LONDON ENGLAND Oscar Ising General Manager for the United States American Head Office 350 Broadway New York N Y Clarence Hatch Atlanta Attorney for Service in Georgia 1CAPITAL STOCK 2 Amount of ledger assets as per balance December 31 of previous year 2638895 06 Extended at 263889s 06 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 3183224 health 275526 liability 11672444 steam boiler 859924 burglary and theft 1431215 174223 33 2 Gross premiums written and renewed during the year Accident 297 14291 health 2947303 liability 1 37665083 steam boiler 6937231 burglary and theft 17271451 credit 41484679 2360200 38 3 Total 2534423 71 4 Deduct gross premiums now in course of collection Accident 3579769 health 408950 liability 15387305 steam boiler 886573 burglary and theft 2045992 223085 89 5 Entire premiums collected during the year Accident 29317746 health 2813879 liability 133950222 steam boiler 6910582 burglary and theft 16656674 credit 41484679 231133782 6 Deduct reinsurance return premiums and cancellations Accident 7254045 health 944683 liability 2935404 steam boiler 2651884 burglary and theft 4730130 credit 383136 453179 18 18 Total net cash actually received for premiums 1858158 64 42 in658 COMPTROLLERGENERALS REPORT 22 Interest on bonds and dividends on stock 92500 3 23 Interest on deposits 1924 98 24 Interest from all other sources 763 47 26 Total interest 9Si88 78 28 Atchison Topeka Santa Fe 4 per cent bonds due 1955 110 83 38 Total income 1953458 25 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 8243626 health 450703 liability 40526391 steam boiler 170967 burglary and theft 1833479 credit 17208388 684335 54 2 Deduct salvage and reinsurance Acci dent 153714 health 6430 steam boiler 2500 burglary and theft 1 20635 credit 2069292 23525 71 3 Net amount paid policy holders for losses 4 Investigation and adjustment of claims Accident 1268372 health 100876 liability 12737798 steam boiler 95237 burglary and theft 760431 credit 1136300 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 6979342 health 591914 lia bility 24557716 steam boiler 1294656 burglary and theft 3553473 credit 8672506 19 Interest on investments and dividends to home office 20 Salaries fees and all other compensation of officers directors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 22 Medical examiners fees and salaries 23 Inspections other than medical 24 Rents 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express 32 Furniture and fixtures 37 All other disbursements Telegrams 47644 tele phone 88787 surety bonds 23122 discount and 660809 83 160990 14 456496 07 183027 78 99049 47 29262 69 15 00 22772 52 9H3 96 379i8 95 4078 51 8097 38 13433 07 4431 02 2640 69COMPTROLLERGENERALS REPORT 659 exchange 63217 general expense 2017927 profit and lossagents balances 871336 31120 33 46 Total disbursements 172325741 IVLEDGER ASSETS 4 Book value of bonds excluding in terest 279176602 5 Cash deposited in bank 67519 95 6 Premium notes 9809 93 11 Ledger assets 2869095 90 NONLEDGER ASSETS 13 Interest accrued on bonds 19 Gross premiums in course of collection viz On policies or renewals issued subse sequent to October I 1906 Acci dent 3541774 health 406921 lia bility 15094021 steam boiler 8 27704 burglary and theft 2038362 21908782 On policies or renewals issued prior to October 1 1906 Accident 37995 health 2029 liability 293284 steam boiler 58869 burglary and theft 7630 3998 07 31407 85 33 Total 37 Gross assets DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1906 44 Book value of ledger assets over market value 223085 89 3123589 64 3998 07 125770 14 51 Admitted assets 2993821 43 VLIABILITIES Losses and claims In process of adjustment Accident 2136400 health 152000 steam boiler 70000 burglary and theft 664500 credit 228200 Resisted Accident 100000 credit 1095000 32511 00 11950 00660 COMPTROLLERGENERALS REPORT 16 Special reserve for unpaid liability losses 516567 43 17 Special reserve for credit losses on poli cies expiring October November and December 1906 being 50 per cent of 14711166 gross premiums received on said policies less 2871991 paid during said months on losses under said policies 44835 92 689044 31 18 Total unpaid claims 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 137808862 unearned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 12764054 unearned pre miums pro rata 70059 31 21 Total unearned premiums 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Accident 11 19201 health 128587 liability 3547095 steam boiler 251622 burglary and theft 605393 26 Salaries rents expenses taxes bills accounts fees etc due or accrued Advance premiums 100 per icent 603864 35 32 34 Contingent reserve 59 103 56 56518 98 45ooo 00 20212 50 250000 00 42 Total amount of all liabilities except capital 173669939 1257122 04 45 Surplus as regards policyholders 46 Total liabilities 2993821 43 Accident Health Liability Steam boiler Burglary and Credit Business in the State of Georgia during the year Gross Premiums Received on Risks Written or Re newed During the Year 6692 88 689 76 13091 92 449 83 2118 81 18603 35 theft Gross Losses Paid 1488 69 401 72 8785 10 6491 38Sy COMPTROLLERGENERALS REPORT 661 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Geo I Cochran President Rich J Mier Second Assistant Secretary Home Office Pacific Mutual Life Building Los Angeles California IIINCOME 1 Gross premiums unpaid December 31 last year Accident 168524 23 2 Gross premiums written and renewed during the year Accident 874051 00 3 Total 1042575 23 4 Deduct gross premiums now in course of col lection Accident 168724 00 5 Entire premiums collected during the year year Accident 873851 23 6 Deduct reinsurance return premiums and cancellations Accident 275302 39 18 Total net cash actually received for premiums 19 Policy fees required or represented by applications 38 Total income carried to life statement 598548 84 6220 00 604768 84 TilDISBURSEMENTS 1 Gross amount paid for losses Accident 256442 19 2 Deduct salvage and reinsurance Accident 8698 37 3 Net amount paid policyholders for losses 4 Investigation and adjustment of claims 14 Commission or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 18 Policy fees retained by agents 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 22 Medical examiners fees and salaries 23 Inspection other than medical 24 Rents including 140000 for companys occupancy of its own buildings 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 247743 82 r7i4 99 190993 83 6220 00 29519 98 16907 S3 7925 22 55 00 6106 69 10897 46 1579 06 1273 03 14870 63 662 COMPTROLLERGENERALS REPORT 31 Postage and express 810 52 32 Furniture and fixtures 2712 27 34 Dividends to policyholders 406 10 37 All other disbursements General expense 3060 65 46 Total disbursements carried to life statement 543291 78 NONLEDGER ASSETS 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident 168724 00 On policies or renewals issued prior to Octo ber 1 1906 14809 00 33 Total 183533 00 34 Other nonledger assets viz Reinsurance due from other companies 1301 46 37 Gross assets 184834 46 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection written prior to October 1 1906 14809 00 51 Admitted assets carried to life statement 170025 46 vliabilities I Losses and claims In process of adjustmentaccident 5500 00 Reported proof not receivedaccident 12240 00 Resistedaccident 7400 00 15 Net unpaid claims except liability claims 25140 00 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 50471535 unearned premiums 50 per cent 252357 67 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 53992 00 42 Total amount of all liabilities except capital 331489 67 Business in the State of Georgia during the year Accident Gross premiums received on risks written or renewed during the year 5892 36 Gross losses paid 2969 41COMPTROLLERGENERALS REPORT 663 PENNSYLVANIA CASUALTY COMPANY Thos E Jones President F H Kingsbury Secretary Home Office Corner Washington Avenue and Spruce Street Scranton Pa 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 43375 76 Extended at 433750 76 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 1947269 health 6 72260 liability 2916200 plate glass 7 34537 steam boiler 3H939 65822 05 2 Gross premiums written and renewed during the year Accident 12114249 health 6873987 liability 21967640 plate glass 4837328 steam boiler 1501186 47294390 3 Total 538765 95 4 Deduct gross premiums now in course of col lection Accident 2290544 health 8 75596 liability 5548705 plate glass 1249639 steam boiler 171984 101364 68 5 Entire premiums collected during the year Accident 11770974 health 6670651 liability 19335135 plate glass 4322226 steam boiler 1641141 437401 27 6 Deduct reinsurance return premiums and cancellations Accident 3007867 health 1266581 liability 6100956 plate glass 777718 steam boiler 253703 114068 25 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 22 Interest from all other sources 25 Profit on sale or maturity of ledger assets Sale Norfolk and Southern stock 29 Inspections 30 From all other sources Unclassified premiums 36 Total income 323333 02 14536 09 416 29 500 00 101 00 1940 05 340826 45664 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 44 36113 health 2481924 liability 31 43019 plate glass 1229801 steam boiler 1900205 2 Deduct salvage and reinsurance Accident 17785 health 15821 plate glass 455 13 131910 62 791 19 3 Net amount paid policyholders for losses 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 64228 health 28313 liability 13742 86 plate glass 910 steam boiler 85135 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 2437318 health 1285348 liability 3920670 plate glass 1183966 steam boiler 418828 23 Salaries fees and all other compensation of officers and home office employees 24 Salaries traveling and all other expenses of agents not paid by commissions 25 Medical examiners fees and salaries 26 Inspections other than medical 27 Rents 30 All other taxes licenses and insurance department fees 31 Legal expenses not included in No 14 32 Advertising 33 Printing and stationery 34 Postage and express 35 Furniture and fixtures 36 Loss on sale or maturity of ledger assets Accounts charged off 40 All other disbursements General expense 229930 un classified premium account 1905 32874 131119 43 15528 72 92461 30 22992 26 17611 23 1139 48 5530 15 4445 92 7633 38 454 65 2819 12 6250 45 2542 72 923 82 1812 39 2628 64 45 Total disbursements 315893 06 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other collat erals 4 Book value of bonds excluding interest 5 Cash in companys office 163386 deposited in banks 6 Bills receivable 5855430 7 Other ledger assets Accounts receivable 11 Ledger assets 2500 00 2500 00 377665 40 1470 13 60188 16 14360 46 458684 15 COMPTROLLERGENERALS REPORT 665 NONLEDGER assets 13 Interest due and accrued on bonds 3345 80 15 Interest due and accrued on other assets 195 75 Total 18 Market value not including interest in item 13 of bonds and stocks over book value 19 Gross premiums in course of collection viz On policies or renewals issued prior to Octo ber 1 1906 Accident 70000 health 425 liability 153053 plate glass 154447 steam boiler 30000 4500 00 On policies or renewals issued subesquent to October I 1906 Accident 2220544 health 833096 liability 5395652 plate glass 1095192 steam boiler 141984 9686468 33 Total 37 Gross assets DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 616 13 43 Gross premiums in course of collection writ ten prior to October I 1906 4500 00 44 Book value of ledger assets over market value viz Accounts receivable unsecured 7337 46 Total 51 Admitted assets 3S4i 55 1772 10 101364 68 565362 48 12453 59 552908 89 VLIABILITIES 1 Losses and claims in process of adjustment Accident 5 07771 health 197910 plate glass 201090 work mens collective 43678 2 Estimated expenses incident to the settlement of unpaid claims 16 Special reserve for unpaid liability losses 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 27031483 unearned premiums 50 per cent 135157 41 19 Gross premiums less reinsurance upon all unexpired risks running more than one 9504 49 480 00 27499 98 37484 47666 COMPTROLLERGENERALS REPORT year from date of policy 3450777 un earned premiums pro rata 22775 69 20 Total unearned premiums 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 796927 health 2 69257 liability 1584973 plate glass 357041 steam boiler 35812 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 300000 42 Surplus over all liabilities 26151 65 157933 10 30440 10 899 57 43 Surplus as regards policyholders 44 Total liabilities 226757 24 326151 65 Business in the State of Georgiaduring the year 552908 89 Accident Health Liability Plate glass Gross Premiums Received on Risks Written or Renewed During the Year Gross Losses Paid Gross Losses Incurred 6275 34 3104 98 2906 63 1488 24 1446 02 226 75 1488 24 1446 02226 75 3202 34 799 62 799 62 PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK Kimball C Atwood President W C Potter Secretary Home Office 290 Broadway New York N Y John S Owens Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 350000 00 2 Amount of ledger assets as per balance December 31 of previous year 1164850 75 3 Increase of paidup capital during the year 150000 00 Extended at 111 s 1314030 73 COMPTROLLERrGENERALS REPORT 667 IIINCOME 1 Gross premiums unpaid December 31 last year Accident 13271905 health 26 54581 15926486 2 Gross premiums written and renewed during the year Accident 135642712 health 26781041 1624246 53 3 Total I7835H 39 4 Deduct gross premiums now in course of col lection Accident 14227051 health 28 45410 17072461 5 Entire premiums collected during the year Accident 134687566 health 26591112 161278678 6 Deduct reinsurance return premiums and cancellations Accident 16661574 health 4306870 29684 44 18 Total net cash actually received for premiums 1403102 34 21 Interest on bonds and dividends on stock 22 Interest from all other sources 25 Profit on sale of 10000000 U S 20 per cent bonds 1647 68 4000 00 36 Total income 1446757 46 IIIDISBURSEMENTS 3 Net amount paid policyholders for losses Accident 404 48791 health 7212539 476613 30 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 871805 I health i7436o 10461 65 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 39542050 health 6248861 457909 11 22 Stockholders for interest or dividends amount declared during the year 5000000 43ooo 00 23 Salaries fees and all other compensation of officers and home office employees 204811 27 24 Salaries traveling and all other expenses of agents not paid 3i39i 40 by commissions y 25 Medical examiners fees and salaries ISOH 16 26 Inspections other than medical 250 00 27 Rents for companys own occupancy I26i3 27 30 All other taxes licenses and insurance department fees 23168 12 l Legal expenses not included in No 14 T478 28 o 77 15 32 Advertising J 33 Printing and stationery 11041 64668 COMPTROLLERGENERALS REPORT 34 Postage and express g Q 35 Furniture and fixtures Jz qq ZJjJ OO 40 All other disbursements Telegrams exchange car fare etc 2722 12 45 Total disbursements 131088689 IVLEDGER ASSETS 4 Book value of bonds excluding interest 120128988 and book value of stocks 13390986 1335197 74 5 Cash in companys office 287600 deposited in banks 11264758 3 5523 58 11 Ledger assets 4 1450721 32 NONLEDGER ASSETS 13 Interest due and accrued on bonds 7 411 10 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident 13194356 health 2638871 Is8332 27 On policies or renewals issued prior to Octo ber 1 1906 Accident 103269 health 26539 1239234 33 Total 170724 61 37 Gross assets r 1628857 03 DEDUCT ASSETS NOT ADMITTED 43 Gross premiums in course of collection writ ten prior to October 1 1906 12392 34 45 Book value of bonds and stocks over market Value 1334274 50 Total 25735 08 51 Admitted assets ri 1603121 95 VLIABILITIES 1 Losses and claims In process of adjustment Accident 9818 75 health 29285 I0III s6 Reported proofs not received Accident 25 30000 health 510000 304OO 00 Resisted Accident 3449183 health 30000 34791 83 17 Total unpaid claims and expenses of settlement 166000 76963 39 COMPTROLLERGENERALS REPORT 669 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 118485370 unearned premiums 50 per cent 592426 85 21 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1906 viz Accident 3262249 health 79726o 40595 0Q 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 2308 33 26 Dividends due stockholders 7000 00 30 Reinsurance j 205 04 Advance premiums 100 per cent 3634 00 31 Other liabilities viz Reserve for contingent installment policies in578 00 40 Total amount of all liabilities except capital 835711 60 41 Capital actually paid up in cash 350000 00 42 Surplus over all liabilities 417410 35 43 Surplus as regards policyholders 767410 35 44 Total liabilities 1603121 95 Business in the State of Georgia during the year Accident Health Gross premiums received on risks written or renewed during the year 870700 133900 Gross losses paid 328822 34106 Gross losses incurred 3688 22 341 06 STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF MICHIGAN D M Ferry President E A Leonard Secretary Home Office Penobscot Building Detroit Mich 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 2012056 57 Extended at 2012056 57 IIINCOME I Gross premiums unpaid December 31 last year Accident 18226088 health 23670 COMPTROLLERGENERALS REPORT 34683 liability 9448648 workmens collective 582818 305922 37 2 Gross premiums written and renewed during the year Accident 121482180 health 12632992 liability 82874636 work mens collective 3761751 2207515 59 3 Total 2513437 96 4 Deduct gross premiums now in course of coi tion Accident 19934973 health 28209 18 liability 9928163 workmens collec tive 581120 332651 74 5 Entire premiums collected during the year Accident 119773295 health 12146757 liability 82395121 workmens collective 3763449 2180786 22 6 Deduct reinsurance return premiums and cancellations Accident 26055935 health 3053359 liability 7960979 workmens collective 188131 372584 04 18 Total net cash actually received for premiums 1808202 18 Policy fees required or represented by applications 28089 00 19 Interest on mortgage loans 30918 32 21 Interest on bonds and dividends on stock 60256 26 Interest on deposits 395 00 22 Interest from all other sources 918 18 24 Total interest and rents 92488 26 36 Total income 1928779 44 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 38210036 health 333956i liability 23807762 workmens collective 16236 22 669809 81 2 Deduct salvage and reinsurance Accident 5239 89 3 Net amount paid policyholders for losses 664569 92 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policyholders viz Accident 697679 health 47870 liability 71 69325 79418 74 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 27834055 health 3031133 liability 173482 89 workmens collective 983211 491966 88COMPTROLLERGENERALS REPORT 671 Policy fees retained by agents 28089 00 22 Stockholders for interest or dividends amount declared during the year 32500 00 23 Salaries fees and all other compensation of officers and home office employees 93959 21 24 Salaries traveling and all other expenses of agents not paid by commissions 102071 25 26 Inspections other than medical 12735 I2 27 Rents 15164 12 29 Taxes on real estate 2109 51 30 All other taxes licenses and insurance department fees 50933 35 32 Advertising 11536 67 33 Printing and stationery 16938 01 34 Postage and express 15064 01 35 Furniture and fixtures 2399 76 40 All other disbursements Sundry small expenses 1643 20 45 Total disbursements 1621098 75 IVLEDGER ASSETS 1 Book value of real estate unincumberd 30750 00 2 Mortgage loans on real estate first liens 565020 00 4 Book value of bonds excluding interest 1608275 58 5 Cash in companys office 142288 deposited in banks 11426880 115691 68 11 Ledger assets 2319737 26 NONLEDGER ASSETS 12 Interest due 43200 and accrued 750695 on mortgages 7938 95 13 Interest accrued on bonds i578 75 15 Interest accrued on other assets 129 72 18 Market value not including interest in item 13 of bonds and stocks over book value 37486 92 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906 Accident 19934973 health 2820918 liability 9928163 work mens collective 581120 332651 74 37 Gross assets 2713123 34 VLIABILITIES I Losses and claims Adjusted Accident 1237242 health 1 61857 workmens collective 57614 1456713 In process of adjustment Accident 15846 71 health 27385 workmens collec tive 91785 19038 41672 COMPTROLLERGENERALS REPORT Reported proofs not received Accident 5749964 health 538881 workmens collective 150601 64394 46 Resisted Accident 46250 00 15 Net unpaid claims except liability claims 144250 00 16 Special reserve for unpaid liability losses 519340 65 17 Total unpaid claims 663590 65 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 146385326 unearned premiums 50 per cent 731926 63 19 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1308220 un earned premiums pro rata 10901 85 20 Total unearned premiums 742828 48 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 5920686 health 9403 06 liability 2127123 workmens collective 159808 9147923 25 Salaries rents expenses taxes bills accounts fees etc due or accrued 37819 62 29 Return premiums and cancellations 14969 33 30 Reinsurance 4787 g 40 Total amount of all liabilities except capital I0S5474 67 41 Capital actually paid up in cash 500000 00 42 Surplus over all liabilities 657648 67 43 Surplus as regards policyholders 1157648 67 44 Total liabilities 2713123 34 Business in the State of Georgia during the year Accident Health Gross premiums received on risks written or renewed during the year i74Siio 1705 45 Gross losses paid 7137 66 478 41 Gross losses incurred 7137 66 478 41 Liability 54 45 362 25 362 25 COMPTROLLERGENERALS REPORT 673 UNITED STATES BRANCH OF THE THAMES AND MERSEY MA MARINE INSURANCE CO LTD OF GREAT BRITAIN H K Fowler Manager U S Branch Head Office in United States 82 Beaver Street New York City N Y ICAPITAL STOCK 1 Amount of capital paid up in cash deposit capital 30000000 2 Amount of ledger assets as per balance December 31 1905 Extended at 23 750048 02 750048 02 IIINCOME 5 Gross premiums 6 Deduct reinsurance rebate abatement and return premiums 672484 48 134142 18 7 Total premiums other than perpetual II Interest on bonds and dividends on stocks From all other sources Amount received from home office 5322900 received from adjusted and other salvages etc account home office 2544993 538342 30 23101 72 36 Total income 78678 93 640122 95 IIIDISBURSEMENTS 1 Gross amount paid for losses including 15922736 occurring in previous years 2 Deduct amount received for salvage 18 41381 and for reinsurance in other com panies 2849001 267156 05 46703 82 3 Net amount paid for losses 8 Commissions or brokerage 9 Salaries fees and all other charges of officers directors trustees clerks agents and other employees 10 Rents 13 All other taxes licenses and insurance department fees 21 All other disbursements Office expenses stationery cable grams postage inspection etc 1411430 amount remit ted home office 16264500 bonds at book value trans ferred to home office 10566000 claims appraisers fees etc paid for account home office 754466 220252 23 62877 12 30792 53 5750 00 H533 58 38 Total disbursements 43 in 289963 96 624169 42 674 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 4 Book value of bonds excluding interest 43139550 and stocks 23721300 5 Cash in companys office 2739 deposited in National City Bank 646498 6 Agents balances representing business written subsequent to October I 1906 7 Agents balances representing business written prior to Oc tober 1 1906 14 Total ledger assets nonledger assets 16 Interest due 235000 and accrued 142915 on bonds 26 Gross assets 668608 50 6492 37 90551 61 349 07 766001 55 3779 15 769780 70 DEDUCT ASSETS NOT ADMITTED 30 Agents balances representing business writ ten prior to October 1 1906 349 07 33 Depreciation from book value of ledger assets to bring same to market value viz 668 60850 62532500 43283 50 36 Total 37 Total admitted assets 43632 57 726148 13 VLIABILITIES 1 Gross losses adjusted and unpaid 246 55 2 Gross claims for losses in process of adjust ment or in suspense including all reported and supposed losses 175775 4 Total 5 Deduct reinsurance due or accrued 176021 55 5850 00 6 Net amount of unpaid losses and claims 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 31 70490 unearned premiums 50 per cent 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 7818650 un earned premiums 100 per cent 12 Total unearned premiums 170171 55 15852 45 78186 50 94038 95COMPTROLLERGENERALS REPORT 675 19 Salaries rents expenses taxes bills accounts fees etc due or accrued IS000 20 Commissions brokerage and other charges due or to become due to agents and brokers 3923 41 21 Return premiums 13421600 reinsurance premiums 8 79039 10132 55 26 Total amount of all liabilities except capital 293266 46 27 Capital actually paid up in cash deposit capi tal 300000 00 28 Surplus over all liabilities 132881 67 29 Surplus as regards policyholders 432881 7 30 Total liabilities 726148 13 Business in the State of Georgia during the year Marine and Inland Kisks Risks written I3i8732 00 Gross premiums received 3107 20 Losses paid l8 69 Amount of risk 84309 00 TITLE GUARANTY AND SURETY COMPANY OF PENNSYLVANIA L A Watres President D B Atherton Secretary Home Office 516 Spruce Street Scranton Pa ICAPITAL STOCK i Amount of capital paid up in cash 793000 00 2 Amount of ledger assets as per balance December 31 of previous year I57I53 l3 3 Increase of paidup capital during the year 1900 surplus 285000 4750 00 Total i57628i 13 Less collateral deposits of December 31 1905 148930 27 Extended at M735o 86 IIINCOME I Gross premiums unpaid December 21 last year Surety 139427 75676 COMPTROLLERGENERALS REPORT 2 Gross premiums written and renewed during the year Surety 63672054 title 1102 44 637822 98 3 Total 777250 73 4 Deduct gross premiums now in course of col lection Surety 158402 64 5 Entire premiums collected during the year Surety 61774565 title 110244 618848 09 6 Deduct reinsurance return premiums and cancellations Surety 9732453 title 129 97453 53 18 Total net cash actually received for premiums 20 Interest on mortgage loans 12336 38 21 Interest on collateral loans 4540 82 22 Interest on bonds and dividends on stock 53490 72 24 Interest from all other sources 1166 70 25 Gross rents from companys property includ ing 3000 for companys occupancy of its own buildings 4200 00 26 Total interest and rents 27 Profit on sale or maturity of ledger assets Commissions on sale of bonds 32 From all other sources Exchange account income on col lections 5864 title search fees commissions etc 7 04257 38 Total income THDISBURSEMENTS 1 Gross amount paid for lossessurety 4 161720 04 2 Deduct salvage and reinsurancesurety 37739 98 13 Total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Surety 19 Stockholders for interest or dividends amount declared during the year 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 24 Rents including 300000 for companys occupancy of its own buildings 26 Taxes on real estate 27 All other taxes licenses and insurance department fees 521394 56 75734 62 2693 72 7101 21 606924 11 123980 06 146968 49 47560 00 35647 29 41006 37 5500 00 940 72 27802 69B COMPTROLLERGENERALS REPORT 677 28 Legal expenses 8353 5 2g Advertising 1407 84 30 Printing and stationery 12229 01 31 Postage and express 12899 93 37 All other disbursements General expenses 2849957 premiums charged to profit and loss account 287673 31376 3 46 Total disbursements 495672 20 IVLEDGER ASSETS 1 Book value of real estate unincumbered 90000 00 2 Mortgage loans on real estate first liens I4534 96 3 Loans secured by pledge of bonds stocks or other collat erals 83475 00 4 Book value of bonds excluding interest 1058532 14 5 Cash in companys office 834763 deposited in banks 57 25160 65599 23 6 Bills receivable 236 80 7 Other ledger assets viz Receivers certificate German Bank Buffalo N Y 1736499 advanced on contracts secured 7185965 89224 64 11 Ledger assets 1538602 77 NONLEDGER ASSETS 12 Interest accrued on mortgages 1334 67 13 Interest accrued on bonds 10813 20 19 Gross premiums in course of collection on renewals issued subsequent to October I 1906surety 158402 64 37 Gross assets 1709153 28 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 11236 80 45 Book value of bonds over market value 7212 14 Total 18448 94 51 Admitted assets 1690704 34 VLIABILITIES I Losses and claims In process of adjustmentsurety 21337 89 Reported proofs not receivedsurety 21067 26 Resistedsurety 96797 30 Total 139202 45 678 COMPTROLLERGENERALS REPORT 12 Estimated expense of settlement 1000 00 18 Total unpaid claims and expenses of settlement 140202 45 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 60106890 unearned premiums 50 per cent 300534 45 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 336769 un earned premiums pro rata 1683 84 21 Total unearned premiums 302218 29 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October I 1906 viz Surety 34848 62 31 Reinsurance 19008 15 34 Reserve for taxes 928 52 42 Total amount of all liabilities except capital 497206 03 43 Capital actually paid up in cash 793000 oo 44 Surplus over all liabilities 400498 31 45 Surplus as regards policyholders 1193498 31 46 Total liabilities 1690704 34 Business in the State of Georgia during the year Z Surety Gross premiums received on risks written or renewed during the year 3534 63 TRAVELERS INSURANCE COMPANY OF CONNECTICUT Sylvester C Dunham President Louis F Butler 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 9324706 25 Extended at 9324706 26 IIINCOME 5 Entire premiums collected during the year Accident 308587547 health 311121 83 liability 465756134 8054558 64 COMPTROLLERGENERALS REPORT 67 6 Deduct reinsurance return premiums and cancellations Accident i699939 health 2257436 liability 23478525 427353 52 18 Total net cash actually received for premiums 7627205 12 22 Interest on bonds and dividends on stock 410023 87 23 Interest on deposits 14697 26 24 Interest from all other sources 492 46 27 Profit on sale or maturity of ledger assets 5596 04 32 From all other sources Profit and loss 417 13 38 Total income 8168431 88 HIDISBURSEMENTS 1 Gross amount paid for losses Accident 1 17573176 health 11453881 liability 117522952 2465500 09 2 Deduct salvage and reinsurance Accident 1565192 health 291297 18564 89 3 Net amount paid policyholders for losses 2446935 20 4 Investigation and adjustment of claims 643394 98 14 Commissions or brokerage less amount received for return premiums and reinsurance for the following classes Ac cident 88368748 health 7072667 liability 98798385 1942398 00 19 Stockholders for interest or dividends amount declared during the year 250000 00 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 271465 72 21 Salaries traveling and all other expenses of agents not paid by commissions 33323 oa 2li Salaries traveling and all other expenses of payroll au ditors 6205806 22 Medical examiners fees and salaries 21050 24 23 Inspections other than medical 83906 52 24 Rents including 2437500 for companys occupancy of its own buildings 83513 21 26 Taxes on capital stock 7o9io 00 27 All other taxes licenses and insurance department fees 114786 77 28 Legal expenses 4976 71 29 Advertising 38824 01 30 Printing and stationery 70592 00 31 Postage and express 47195 96 32 Furniture and fixtures 34802 43 37 All other disbursements Miscellaneous items 46680 24 46 Total disbursements 6566723 73680 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS 4 Book value of bonds excluding interest 698548163 and book value of stocks 272853401 9714015 64 5 Cash in companys office 2848104 deposited in banks 1 i2333i6o 1151812 64 6 Bills receivable 14360 51 7 Other ledger assets viz Agents debit balances 46225 61 II Ledger assets 10926414 40 NONLEDGER ASSETS 13 Interest accrued on bonds 124604 47 18 Market value not including interest in item 13 of bonds and stocks over book value 257821 86 37 Goss assets 11308840 73 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 14360 51 44 Book value of ledger assets over market value viz Agents debit balances 46225 61 Total 60586 12 5r Admitted assets 11248254 61 VLIABILITIES I Losses and claims Adjustedaccident 23430 32 Tn process of adjustmentaccident 33400 00 Reported proofs not receivedaccident 18396650 health 2795500 211921 50 ResistedAccident 75419 25 15 Net unpaid claims except liability claims 344171 07 16 Special reserve for unpaid liability losses 3624805 85 18 Total unpaid claims and expenses of settlement 3968970 92 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 519697436 un earned premiums 50 per cent 2598487 18 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 65391010 un earned premiums pro rata 255041 79 21 Total unearned premiums 3252397 37fklr COMPTROLLERGENERALS REPORT 681 26 Salaries rents expenses taxes bills accounts fees etc j j 85000 00 due or accrued 42 Total amount of all liabilities except capital 7306374 29 43 Capital actually paid up in cash 1000000 00 44 Surplus over all liabilities 2941880 32 45 Surplus as regards policyholders 394i88o 32 46 Total liabilities 1124825461 Business in the State of Georgia during the year Gross Premiums Received on Risks Gross Written or Re Losses newed During Paid the Year Accident 54942 72 24572 22 Health 60I3 44 300832 Liability 24IO 8997 94 UNITED AMERICAN LIFE INSURANCE CO OF DELAWARE F B Reeves Jr President John W Muir Secretary Home Office 300302 Walnut Street Philadelphia Pa Wm A Wright Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash o00 00 3 Increase of paidup capital during the year 100000 00 Extended at 100000 00 IIINCOME 1 Gross premiums written and renewed during the yearaccident 2 Deduct gross premiums now in course of col lectionaccident 3 Entire premiums collected during the year accident 4 Deduct reinsurance return premiums and cancellationsaccident 18 Total net cash actually received for premiums 11484 60 549 45 io93S 15 2629 75 8305 41682 COMPTROLLERGENERALS REPORT 22 Interest on bonds and dividends on stock 1003 13 25 Gross rents from companys property 957 46 26 Total interest and rents 32 From all other sources Mortgage loan purchase of com panys building subject to mortgage 2500000 agents fund 13000 surplus paid in by stockholders 4065000 life feature 96591 38 Total income IIIDISBURSEMENTS 1 Gross amount paid for lossesaccident 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following class Acci dent 20 Salaries for interest or dividends 22 Medical examiners fees and salaries 24 Rents 25 Repairs and expenses other than taxes on real estate 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express 32 Furniture and fixtures 37 All other disbursements Life feature 56522 general ex penses 267582 46 Total disbursements ivledger assets 1 Book value of real estate unincumbered 4 Book value of bonds excluding interest 5 Cash in companys office 4880 deposited in banks 8 95088 11 Ledger assets NONLEDGER ASSETS 13 Interest accrued on bonds 15 Interest accrued on other assets 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1906accident 37 Gross assets 1960 59 66745 91 77oii 90 2714 62 4711 09 3796 30 19 00 745 79 240 65 471 50 107 75 108 50 3i68 73 370 56 1729 19 3241 04 21424 72 43000 00 103587 50 8999 68 155587 18 997 78 50 00 549 45 157184 41COMPTROLLERGENERALS REPORT 683 VLIABILITIES I Losses and claims in process of adjustmentaccident 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 341382 unearned premiums 50 per cent 22 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 33 Other liabilities viz Life feature 47793 mortgage on real estate 2500000 42 Total amount of all liability except capital 43 Capital actually paid up in cash 100000 00 44 Surplus over all liabilities 29444 44 45 Surplus as regards policyholders 362 83 1706 91 192 30 25477 93 27739 97 129444 44 46 Total liabilities 157184 41 UNION HEALTH AND ACCIDENT COMPANY F S Moore President J S McCleery Secretary Home Office 5761 Arapahoe Bldg Denver Colorado J W Moore Atlanta Attorney for Service in Georgia ICAPITAL STOCK 1 Amount of capital paid up in cash 100000 00 Extended at 10000000 IIINCOME 15 Reinsurance contract 38 Total income IVLEDGER ASSETS 52622 1 Book value of real estate incumbered with insur ance department of Alabama 2 Mortgage loans on real estate first liens 5 Cash in companys office 36405 deposited in banks 12030453 6 Bills receivable agents debit balances 21030 furni ture and fixtures 100000 100000 00 30050 00 120668 58 1210 30684 COMPTROLLERGENERALS REPORT 7 Other ledger assets 9 Agents credit balances 11 Ledger assets 152928 88 306 00 152622 88 NONLEDGER ASSETS 12 Interest due 6500 and accrued 64155 on mort gages 15 Interest accrued on other asset 16J Total interest and rents due and accrued 19 Gross premiums in course of collection viz On policies or renewals issued prior to October 1 1906 Accident and health amount due within 60 days on insurance in force net 14908 amount in the hands of collectors net 143355 37 Gross assets DEDUCT ASSETS NOT ADMITTED 40 Furniture and fixtures I000 00 41 Supplies printed matter and stationery with receiver of Denver Savings Bank I50S 56 43 Gross premiums m course of collection written prior to October 1 1906 4 51 Admitted assets VLIABILITIES I Losses and claims In process of adjustment Accident 720 05 Reported proofs not received Acci dent 2677 95 15 Net unpaid claims 32 Advance premiums 100 per cent 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 100000 00 44 Surplus over all liabilities 48313 12 45 Surplus as regards policyholders 46 Total liabilities 7o6 55 3ii 65 1018 20 2924 40 156565 48 2505 56 154059 92 3398 00 2348 80 5746 80 148313 12 154059 92 COMPTROLLERGENERALS REPORT 685 UNITED STATES CASUALTY COMPANY OF NEW YORK Benjamin E Tracy President Edson S Lott Secretary Home Office 141 Broadway New York N Y 1CAPITAI STOCK 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 1839538 46 3 Increase of paidup capital during the year 100000 00 Extended at 1939538 46 IIINCOME Gross premiums unpaid December 31 last year Accident 3998156 health 1803977 liability 5195952 steam boiler 481627 burglary and theft 192950 sprinkler 417257 work mens collective 326674 124165 93 Gross premiums written and renewed during the year Accident 70858776 health 24227260 liability 557 81580 steam boiler 5198601 bur glary and theft 2650647 sprinkler 4179448 workmens collective 5 73io8 163469420 3 Total 1758860 13 4 Deduct gross premiums now in course of collection Accident 4627767 health 2222821 liability 6096684 steam boiler 289117 burglary and theft 251484 sprinkler 531568 workmens collective 41848 140612 89 5 Entire premiums collected during the year Accident 70229165 health 23808416 liability 54880898 steam boiler 5391111 burglary and theft 2592113 sprinkler 4065137 work mens collective 857934 6 Deduct reinsurance return premiums and cancellations Accident 179 1618247 24686 COMPTROLLERGENERALS REPORT 64520 health 8096477 liability 13560898 steam boiler 1660153 burglary and theft 397845 sprink ler 972036 workmens collective 20120 426720 40 18 Total net cash actually received for premiums 21 Interest on bonds and dividends on stock 22 Interest on deposits 1191526 75 65924 52 977 59 36 Total income 1258428 86 IIIDISBURSEMENTS 1 Gross amount paid for losses Accident 19949039 health 6093701 liability 15669867 steam boiler 1621950 burglary and theft 890226 sprink ler 479952 workmens collective 389045 450937 80 2 Deduct salvage and reinsurance Acci dent 534993 steam boiler 2416 burglary and theft 11500 sprinkler 46739 5956 48 3 Net amount paid policyholders for losses 444981 32 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident 375943 health 56538 liability 2886589 steam boiler 65659 burglary and theft 9400 sprinkler 8700 workmens col lective 17120 34199 49 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 16111234 health 4666186 liability 10320736 steam boiler 982606 burg lary and theft 581957 sprinkler 801490 work mens collective 223502 336877 11 22 Stockholders for interest or dividends amount de clared during the year 3250000 22500 00 23 Salaries fees and all other compensation of officers and home office employees 95701 42 24 Salaries traveling and all other expenses of agents not paid by commissions 37715 54 26 Inspections other than medical 18594 09 27 Rents 14618 02 29 Taxes on real estate 230 30 30 All other taxes licenses and insurance department fees 24379 41COMPTROLLERGENERALS REPORT 687 31 Legal expenses not included in No 14 96 20 32 Advertising 175 00 33 Printing and stationery 22355 42 34 Postage and express 7647 OS 35 Furniture and fixtures 3004 17 36 Loss on sale or maturity of ledger assets Loss on sale of United States government 2 per cent bonds 1425 08 40 All other disbursements Telegraphs and telephone 109947 miscellaneous 1629556 profit and loss premiums uncollectable 19410 annulment of contract with Premium Reserve company 194 70500 212294 13 45 Total disbursements 1278368 75 IVLEDGER ASSETS 1 Book value of real estate unincumbered 5000 00 2 Mortgage loans on real estate first liens 100000 00 4 Book value of bonds excluding interest 1106 34961 and book value of stocks 64226250 1748612 11 5 Cash in companys office 1832189 deposited in banks 4629884 64620 73 6 Bills receivable 1365 73 i 1 Ledger assets 1919598 57 NONLEDGER ASSETS 13 Interest accrued on bonds and dividends accrued on stocks 18728 02 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1906 Accident 4584643 health 2212696 liability 6033427 steam boiler 289117 burglary and theft 251484 sprink ler 531568 workmens collective 41848 139447 83 On policies or renewals issued prior to October I 1906 Accident 43124 health 10125 liability 63257 116506 33 Total 140612 89 37 Gross assets 2078939 48 DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 1365 73688 COMPTROLLERGENERALS REPORT 43 Gross premiums in course of collection prior to October I 1906 1165 6 44 Book value of ledger assets over market value 137446 27 Total 139977 06 51 Admitted assets 1938962 42 vLIABILITIES I Losses and claims In process of adjustment Accident 2366000 health 604200 steam boiler 10000 burglary and theft 12500 sprinkler 20000 workmens collective 80500 Resisted Accident 893000 health 79800 Estimated expenses incident to the set tlement of unpaid claims Accident 171000 health 36000 sprinkler 3000 workmens collective 7000 13 Total 16 Special reserve for unpaid liability losses 30932 00 9728 00 2170 00 42830 00 220106 30 17 Total unpaid claims and expenses of settlement 18 Gross premiums less reinsurance up on all unexpired risks running one year or less from date of policy 1 06777058 unearned premiums 50 per cent 19 Gross premiums less reinsurance up on all unexpired risks running more than one year from date of policy 11375222 unearned premiums pro rata 262936 30 533885 29 61008 47 20 Total unearned premiums 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident 11 46161 health 553174 liability 1508357 steam boiler 72279 burglary and theft 62871 sprink ler 132892 workmens collective 10462 25 Salaries rents expenses taxes bills accounts fees etc due or accrued and contingency fund 594893 76 34861 96 29337 06sJflJjr COMPTROLLERGENERALS REPORT 69 26 Dividends due stockholders that is declared but not paid 30 Reinsurance 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 400000 00 42 Surplus over all liabilities 600000 00 43 Surplus as regards policyholders 44 Total liabilities 10000 00 6933 34 938962 42 1000000 00 1938962 42 Business in the State of Georgia during the year Accident Health Liability Steam boiler Burglary Sprinkler Workmens collective Gross Premiums Received on Risks Written or Renewed During the Year GrrSS Losses Paid Gross Losses Incurred 19488 97 6721 63 6721 63 10626 62 S29i 99 5291 99 21621 98 9778 58 9778 58 1484 97 9311 60 9311 60 350 00 25 29 25 29 292 50 I79 53 830 55 830 55 UNITED STATES FIDELITY AND GUARANTY COMPANY John R Bland President Geo R Callis Secretary Home Office German Calvert and Mercer Streets Baltimore Md ICAPITAL STOCK Amount of capital paid up in cash 1700000 00 2 Amount of ledger assets as per bal ance December 31 of previous year 3109248 09 Extended at 3109248 09 ITINCOME As shown by the bonks of the home office at close f business Decem ber 31 1906 Gross premiums unpaid December 3r last year Fidelity and surety 370 22622 burglary and theft 6370742 433933 64 Gross premiums written and renewed it in690 COMPTROLLERGENERALS REPORT during the year Fidelity and surety 236105324 burglary and theft 407 04377 2768097 01 3 Total 3202030 65 4 Deduct gross premiums now in course of collection Fidelity and surety 3i4iSS2o burglary and theft 52 O3305 36618825 5 Entire premiums collected during the year Fidelity and surety 2417 12426 burglary and theft 41871814 2835842 40 6 Deduct reinsurance return premiums and cancellations 32771326 burg lary and theft 12435261 452065 87 18 Total net cash actually received for premiums 2383776 53 20 Interest on mortgage loans 478 47 21 Interest on collateral loans 3839 32 22 Interest on bonds and dividends on stock 70489 19 23 Interest on deposits 4886 60 24 Interest from all other sources 1888 25 Gross rents from companys property including 1888888 for companys occupancy of its own buildings 32516 03 26 Total interest and rents 27 Profit on sale or maturity of ledger assets Milwaukee real estate 32 From all other sources Department of guaranteed attorneys 112228 49 825 35 36404 25 38 Total income 253323462 IIIDISBURSEMENTS As shown by the books at the home office at the close of business December 31 1906 1 Amount paid for losses Fidelity and surety 95614279 burglary and theft 11849991 1074642 70 2 Deduct salvage and reinsurance Fidel ity and surety 26666757 burglary and theft 548056 272148 13 3 Net amount paid policyholders for losses Fidelity and surety 689 47222 burglary and theft 11301935 802494 57iWlgW COMPTROLLERGENERALS REPORT 691 4 Investigation and adjustment of claims Fidelity and surety 7029931 bur glary and theft 831176 13 14 19 23 24 25 26 27 28 29 30 31 32 33 78611 07 40 Total 88110564 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Surety and fidelity 40424406 burglary and theft 8243077 486674 83 Stockholders for interest or dividends amount de clared during the year 119000 00 Salaries fees and all other compensation of officers directors trustees and home office employees 184308 80 Salaries traveling and all other expenses of agents not paid by commissions 215395 93 Inspections other than medical 7643 02 Rents including 1888888 for companys occupancy of its own buildings 49943 56 Repairs and expenses other than taxes on real estate 8162 07 Taxes on real estate 9777 28 All other taxes licenses and insurance department fees 54692 99 Legal expenses 22156 82 Advertising 23114 75 Printing and stationery 35270 80 Postage and express 32475 55 Furniture and fixtures 10763 20 Loss on sale or maturity of ledger assets 220 shares Y N H H R R stock sold 634911 42 73000 State of Maryland 3 per cent bonds sold 59660 loan Belvedere Building company 5 09773 1500000 State of Alabama 5 per cent bonds matured 176250 1000000 City of Norfolk Va 4 per cent bonds sold 2500 real estate sold 5 48650 19317 44 All other disbursements Telegrams and telephone 1521857 traveling expenses 598341 incidentals development etc 4411204 6531402 46 Total disbursements 222511670 IVLEDGER ASSETS As shown by the books at the home office at the close of business December 31 1906 1 Book value of real estate unincumbered 521642 34 2 Mortgage loans on real estate first liens 13200 00 3 Loans secured by pledge of bonds stocks or other collaterals 138415 00692 COMPTROLLERGENERALS REPORT 4 Book value of bonds excluding interest 200066599 and book value of stocks 7535900 2076024 gee 5 Cash and checks in companys office 5264767 depos ited in banks 57333721 625984 88 8 Due for subscriptions department guaranteed at torneys 4209880 11 Ledger assets 341736601 NONLEDGER ASSETS 12 Interest due and accrued on mortgages 75 21 13 Interest due and accrued on bonds 24961 18 14 Interest due and accrued on collateral loans 778 22 15 Interest due and accrued on other assets 93966 16 Rents due and accrued on companys property or lease Kg 1 67 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1906 Fidelity and surety 29305182 burglary and theft 5065432 343706 14 On policies or renewals issued prior to October I 1906 Fidelity and surety 2110338 burglary and theft 1 37873 482 n 33 Total 306l88 J3 37 Gross assets 38liSoo 20 DEDUCT ASSETS NOT admitted 43 Gross premiums in course of collec tion written prior to October 1 1906 22482 11 44 Rook value of ledger assets over mar ket value viz Stocks and bonds 83425 33 50 Total 105907 44 VLIABILITIES i Losses and claims In process of adjustment Fidelity and surety 13418544 burglary and theft 560000 i39785 44 Resisted Fidelity and surety 253 09900 burglary and theft 875000 26184900 17 Total unpaid claims and expenses of settlement 401634 44COMPTROLLERGENERALS REPORT 693 18 Gross premiums less reinsurance up on all unexpired risks running one year or less from date of policy 2 18022765 unearned premiums 50 per cent 109011383 19 Gross premiums less reinsurance up on all unexpired risks running more than one year from date of policy 15344654 unearned premiums pro rata 82435 13 20 Total unearned premiums 1172548 96 21 Commissions brokerage and other charges due or to become due to agents or brokeers on policies issued subsequent to October I 1906 viz Fidelity and surety 6154088 burglary and theft 1266358 7420446 30 Reinsurance 1367 69 41 Total amount of all liabilities except capital 1649755 55 42 Capital actually paid up in cash 1700000 00 43 Surplus over all liabilities 355837 21 44 Surplus as regards policyholders 2055837 21 45 Total liabilities 3705592 76 Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross losses paid Fidelity and Surety Burglary and Theft 34912 59 2025 80 5145 73 128 83 UNITED STATES HEALTH AND ACCIDENT INSURANCE COM PANY OF MICHIGAN J B Pitcher President J M Pitcher Secretary Home Office No 130 North Washington Avenue Saginaw Mich 1CAPITAL STOCK t Amount of capital paid up in cash 30000000 2 Amount of ledger assets as per bal ance December 31 of previous year 515755 01 Extended at 515755 01694 COMPTROLLERGENERALS REPORT IIINCOME i Gross premiums unpaid December 31 last year paid accident and health 5922 45 2 Gross premiums written and renewed during the year accident and health 803952 01 3 Total 809874 46 4 Deduct gross premiums now in course of collection I3547 7 5 Entire premiums collected during the year 796326 71 6 Deduct reinsurance return premiums and cancellations 4 656 00 18 Net cash actually received for premiums 19 Interest on mortgage loans 21 Interest on bonds and dividends on stock 22 Interest from all other sources 25 Profit on sale or maturity of ledger assets Norfolk Western R R stock 30 From all other sources Fees account change of policies 53070 collateral loans 15000 36 Total income 791670 7 1215 63 t4533 n i997 89 494 40 680 07 810591 81 IIIDISBURSEMENTS i Gross amount paid for losses Accident and health 14 Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Accident and health 18 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 22 Stockholders for interest or dividends amount de clared during the year 23 Salaries fees and all other compensation of officers and home office employees 24 Salaries traveling and all other expenses of agents not paid by commissions 25 Medical examiners fees and salaries 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 374719 94 2527 02 182269 02 34000 00 42632 76 16981 62 4320 85 15060 49 17064 56 466 02 2097 3 7801 00 13026 21 COMPTROLLERGENERALS REPORT 695 35 Furniture and fixtures 990 07 40 All other disbursements General expenses 288506 office supplies 50992 agents balances 17258 premium on bonds 304955 66l7 JI 45 Total disbursements 720574 05 IVLEDGER ASSETS 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 5 Cash in companys office 88500 deposited inbanks 11630912 11 Ledger assets 35050 00 453528 65 117194 12 605772 77 NUNLEDGER 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 1906 Accident and health 657 03 5926 42 13547 75 37 Gross assets 625903 97 DEDUCT ASSETS NOT ADMITTED 44 Book value of ledger assets over market value viz Bonds 51 Admitted assets 9769 50 616134 47 VLIABILITIES I Losses and claims In process of adjustment Reported proofs not received Resisted 2276 45 47440 00 4665 00 17 Total unpaid claims 543i 45 18 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 5655923 unearned premiums 50 per cent 2827961 21 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 viz Accident and health 360 23 25 Salaries rents expenses taxes bills accounts fees etc due or accrued S02 25196 COMPTROLLERGENERALS REPORT 30 Reinsurance 31 All other liabilities viz Suspense tax account taxes on 1906 premiums 43 Surplus as regards policyholders 44 Total liabilities Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Gross losses paid Gross losses incurred 2426 10 13765 00 40 Total amount of all liabilities except capital 112714 64 41 Capital actually paid up in cash 300000 00 42 Surplus over all liabilities 203419 83 503419 83 616134 47 Accident and Health 21729 18 14520 01 15406 90 UNITED SURETY COMPANY OF MARYLAND Henry G Penniman President Robert A Dobbin Jr Secretary Home Office No 75 South Street Baltimore Md ICAPITAL STOCK 1 Amount of capital paid up in cash 50000000 Amount of ledger assets as per bal ance December 31 of previous year 502350 00 3 Increase of paid up capital during the year Extended at IIINCOME i Gross premiums written and renewed during the year Fidelity 1695526 surety 16626097 burglary and theft 2731350 2 Deduct gross premiums now in course of collection Fidelity 408655 sure ty 2012061 burglary and theft 6 60046 165100 00 667450 00 210529 77 30807 62 3 Fntire premiums collected during the COMPTROLLERGENERALS REPORT 697 year Fidelity 1280871 surety 14614036 burglary and theft 20 71304 179722 11 4 Deduct reinsurance return premiums and cancellations Fidelity 129554 surety 792072 burglary and theft 495488 14I7I 14 18 Total net cash actually received for premiums 165550 97 21 Interest on bonds and dividends on stock 700000 22 Interest from all other sources 1300 31 23 Gross rents from companys property including 10 00000 for companys own oocupancy 4342 76 30 From all other sources Paid in surplus 82550 00 32 Increase in ledger assets omitted December 31 1905 14679 53 36 Total income 285423 57 III DISBURSEMENTS 1 Gross amount paid for losses Fidelity 108972 surety 2061576 bur glary and theft 143298 2313846 2 Deduct salvage and reinsurance Fi delity 9573 surety 822015 bur glary and theft 1543 8331 31 14 18 13 24 27 28 29 30 3 32 33 Total 48o7 IS Investigation and adjustment of claims including legal and other expenses in defense of suits against policy holders viz Surety 1500 burglary and theft 9930 114 30 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 280091 surety 3419608 bur glary and theft 497272 4i9 71 Salaries fees and all other compensation of officers and home office employees 13031 45 Salaries traveling and all other expenses of agents not paid by commissions 5295r 59 Rents 040 97 Repairs and expenses other than taxes on real es tate 7153 68 Taxes on real estate 3928 79 All other taxes licenses and insurance department fees 776i 93 Legal expenses not included in No 14 14118 26 Advertising 5568 25 Printing and stationery 18875 10698 COMPTROLLERGENERALS REPORT 34 Postage and express 35 Furniture and fixtures 37 Decrease in book value of Balto City Dock stock 40 All other disbursements Telephones and telegrams 129040 organization 1329076 traveling expenses 1055090 general expenses 693492 interest and discount paid 703457 3045 16 14566 75 9000 00 39101 55 45 Total disbursements 286034 64 IVIEDGKR assets 1 Hook value of real estate unincumbered 4 Book value of stocks 5 Cash in companys office 74557 deposited in banks 17853021 6 Bills receivable 8 Other ledger assets Due from individuals and cor porations 879420 due from national bank 8 00000 Windsor Trust Co proportionate interest in special deposit to credit of committee in charge of excise bond syndicate 1076895 34 Other nonledger assets count Open reinsurance ac Total 51 Admitted assets 250000 00 207000 00 179275 78 3000 00 27563 i 11 Ledger assets 666838 93 NONLEDGER assets 19 Gross premiums in course of collection viz On policies or renewals issued subse quent to October 1 1906 Fidelity 312831 surety 976862 burglary and theft 556674 846367 On policies or renewals issued prior to October 1 1906 Fidelity 95824 surety 1035199 burglary and theft I3372 12343 95 53968 55 37 Gross assets 7si6l5 I DEDUCT ASSETS NOT ADMITTED 39 Bills receivable 3000 00 42 Loans on personal socurity endorsed r not 8794 20 43 Gross premiums in course of collection written prior to October 1 1234395 24138 15 727476 95 COMPTROLLERGENERALS REPORT 69 LIABILITIES Losses and claims Adjusted Fidelity 40884 In process of adjustment Fidelity 33803 surety 144097 1779 00 Reported proofs not received Fidelity 128400 burglary and theft 43100 1715 00 17 18 Total unpaid claims Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 180 51032 unearned premiums 50 per cent 90255 16 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 359209 unearned premiums pro rata 2993 40 20 Total unearned premiums 2i Commissions brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1 1906 Fidelity 78208 surety 244215 burglary and theft 139169 29 Return premiums 30 Reinsurance 40 Total amount of all liabilities except capital 41 Capital actually paid up in cash 500000 00 42 Surplus over all liabilities 121481 07 43 Surplus as regards policyholders 44 Total liabilities Business in the State of Georgia during the year Gross premiums received on risks written or renewed during the year Fidelity Surety 3902 84 93248 56 46i5 92 3101 92 1126 64 105995 88 621481 07 727476 95 Buriflary and Theft 708 85 I66l 76 307 49 TABLE No 1 Showing Business Done by Fire Insurance Companies in this State for the Year ending April 30 1907 c to NAME OF COMPANY AdirondackFire Agricultural Alliance jEtna American Central American Athens Mutual Atlas Atlanta Home Boton British America Caledonian Citizens Chtrokee Mutual Commercial Union Continental Connecticut Cosmopolitan Dixie Eagle Equitable Fidelity Fire Association t Firemens Fund Firemans Florida Home Georgi i Home Georgia German Alliance German American Germaiia Girard Glens Falls Globe Rutgers HamburgBremen STATE Amount of Insurance written during the year Old busi ness of pre vious years now in force New York N Y Watertown N Y Philadelphia Pa Hartford Conn St Louis Mo Niwatk N J Athens Ga London Eng N Y Atlanta Ga Boston Mass Toronto Can da Edinburgh Scotland St Louis Mo Canton ia London Eng tfc N Y New York N Y Hartford Conn New York N Y Greensboro N C New York N Y Charston S C New York N Y Philadelpi i Pa an Franci co Cal Newark N J Marianna Fla Columbus Ga Cedartown Ga New York N Y New York N Y New York NY Philadelphia Pa New York N Y New York N Y Germany N Y 1632 1304 17122 2628 862 1467 1942 3603 52 2020 1099 2444 295 00 612 00 786 00 990 00 237 00 182 50 327 00 042 00 072 00 964 00 303 00 672 00 9608505 00 9373703 00 1488400 00 95380 00 1605564 00 751165 00 5762472 00 1187465 00 14950 00 4945892 00 154802 00 768002 00 3706676 00 139450 00 3744049 00 732835 00 1405770 CO 553743 00 237224 00 Total Pre rni ims col lected on old and new business Losses paid Losses unpaid Fees from January 1 1907 to January 1 1938 26047 72 15912 36 259922 86 42753 22 1659 84 33888 28 3324 06 62580 23 9903 90 29661 87 1873 i 47053 91 10297 31 168024 34 26789 84 18587 45 17520 36 11383 31 80308 76 99454 00 17554 49 284 64 79042 06 29521 07 119872 30 69848 10 2357 94 64367 86 15198 37 23814 01 9299 89 8917 75 20132 67 13477 54 11652 19 7295 18 15123 87 21478 98 1890 17 12686 63 19559 42 27627 97 47480 19 37499 84 19607 75 933 58 5803 38 693 10 53975 92 68980 10 2555 94 46012 63 26581 17 62805 11 23275 97 19510 51 1035 90 17024 69 21 62 10 00 10591 90 8017 31 2700 00 4088 75 258S 50 853 36 2510 00 616 34 4410 57 12907 00 2739 55 51 25 3005 00 4012 57 3012 78 965 00 309 11 10251 92 775 00 300 00 10 00 Tax on Premiums 34 40 39 60 80 40 485 60 156 111 20 96 80 111 20 276 80 34 40 125 60 111 20 179 20 34 40 207 20 360 80 6S 00 94 40 92 00 188 00 101 60 154 40 348 81 370 4i 44 00 128 00 33 00 214 40 164 00 449 60 180 80 39 21 178 40 53 60 87 20 Total Fees and Tax 260 47 2599 22 427 53 165 39 338 88 332 84 99 04 296 62 187 30 470 53 1052 97 1680 24 67 89 185 87 175 20 113 83 803 09 991 54 175 54 2 85 790 42 295 21 1198 72 598 48 23 57 543 67 151 98 238 14 n o Tj J fa o r w fa i a w w fa in f0 W o SOHanover Hartford Hume I is Co of N A Jefferson Liverpool London Globe Liverpool London Globe London Assu ance Londonand Lane shire Lumber Lumber Mutual Mercantile Mutual Michigan Commercial Milwaukee Mechanics Nat o al New Hampshire National Union Niagara Norwich Union North British ec Mercantile Northern Assurance North River Notth Slate Orient Palatine Pennsylvania Phoenix Assurance Phoenix Phoenix Queen Rochester German Royal Royal Exchange Scottish Union Natl Shawm e Southern Southern Southern Mutual Springfield St Paul Sun Ins Office Sun Union Assurance United Firemen United States Lloyds irginia State Western Assurance We Chester Williansburgh City Total New York NY Hartford Conn New Yo kN Y Philadelphia Pa Philadelphia fa Eng A N Orlns La New York N Y Eng New York Eng ec New York New York NY Biston Mfss Providence R I Lansing Mich Mil1 aukee Wis Hartf rd Conn Manchester N H Pittbuigh Pa New York N Y Eng A New Yoi k Eng New York Eng A New York New Yok N Y Greensboro N C Hanlord Conn Eng A New Yrk Philadelphia Pa Eng New York ew York N Y Hartford Conn New Yo k N Y liochester N Y Eng A Louisville Ky Eng New York Scotland V Hartford Topeka Kan Lynchburgh Va New Orleans La Athens Ga Sprmgfied Mass St Paul Minn Eng A New York New Orb ans La Eng New York Philadelphia P New York N Y Kichmond Va Toronto Canada New York N Y New York N Y 3192 24157 199i6 32757 966 14401 1114 1240 5335 157 332 46 049 00 599 00 646 00 871 00 392 00 129 00 984 00 452 00 033 33 1198373 00 319145 00 1162230 00 578630 00 3064793 00 2865 6748 5785 5210 1222 56 1954 2819 6773 3155 12963 5675 6912 3354 6960 734 4523 416 00 765 47 419 00 416 00 475 00 850 00 423 00 685 00 531 00 518 00 136 00 095 00 681 00 595 00 099 89 2i0 00 195 00 14500 00 200075 00 33120 407 00 3745258 00 357239 00 3302133 00 3179783 00 2128489 00 624421 00 1121437 00 4052123 11 346626 00 2336601 00 2206 031 00 3507 96 292213 77 198866 52 217616 33 13520 45 258759 01 15168 22 18318 49 58 lt6 90 5673 82 8501 55 4759 41 15035 26 61300 75 38900 39 23627 96 29837 92 64402 93 58336 59 51295 00 25663 05 1077 78 29170 49251 48 67735 31 303i3 67 222431 28 8340 51 130984 35 17 33 103462 24 10323 93 43971 22 23 09 4192 41 323422 63 56503 32 56601 84 44201 09 61507 94 14249 87 5244 21 22952 89 43412 92 45947 14 40157 60 21714 73 125494 21 144259 21 1 2425 25 1407 10 139197 89 14806 46 10280 49403 47 489 52 1S26 82 19 84 7230 36081 80 25052 74 6687 8l 17087 09 45921 73 15254 73 25149 53 9980 42 41 25 17979 42 30303 41 38966 61 16050 23 139215 46 31606 27 66485 36 15875 39 55351 31 1077 86 22500 64 81582 73 295ii6 74 27942 62 20489 41 33814 53 3931 13 7564 17 7104 69 30594 60 20081 91 111B 33 5602 29 22127 50 26248 77 7585 00 823 30 35189 77 4597 96 1124 00 958 00 8569 56 1050 00 2344 25 4074 19 8910 15 335 20 2040 25 1365 00 64 25 1175 00 4439 00 1900 00 10460 36 9766 00 10 00 ll75o 00 3820 52 300 00 8 50 137 9j 18 25 550 00 2136 50 150 00 344113493 76 3288251 CO 4477407 90 2378900 43 254353 30 142 40 802 0 346 40 432 70 178 40 521 40 48 80 87 20 185 60 34 40 34 40 34 40 87 20 68 00 171 20 130 40 124 80 94 40 277 70 228 80 118 40 53 60 39 20 94 40 118 40 245 60 89 60 423 20 363 20 320 00 113 60 291 20 95 20 195 20 46 40 44 00 8 20 120 80 147 20 238 40 89 60 228 80 96 80 65 60 34 40 173 60 154 40 207 20 197 60 355 08 2922 13 1988 67 2176 16 135 20 2587 59 151 68 183 18 681 67 66 74 85 01 47 59 150 35 613 00 89 00 236 28 298 644 03 583 37 512 95 256 63 10 77 291 71 492 51 677 35 303 73 2224 31 834 10 1309 84 355 17 1034 62 103 23 439 71 3 23 41 92 3234 22 565 03 566 02 442 01 615 07 142 60 52 44 229 52 434 13 459 47 401 57 o o g 73 C K 73 6 Z fr 73 73 i3 14408 20 45473 82 59882 02TABLE No 2 Showing Business Done by Old Line Life Insurance Companies in this State for the Year Ending April 30 1907 4 NAME OF COMPANY American National Life Aetna American National ti Citizens Columbian National gi Connecticut Mutual lt Des Moines Equitable Fidelity Mutual Franklin Germania Great Western Greensboro Guarantee Hartford Home Life 1 inois Indiana National Life Insurance Co of Va Louisiana National Manhattan Maryland Massachusetts Mutual Meridian Metropolitan Michigan Mutual Missouri Stae Mutual Benefit Mutual Mutual Reserve National state Galveston Texas Hartford Conn Lynchburg Va Louisville Ky Boton Mass Hartford Conn Des Moines Iuwa New York N Y Philadelphia Pa Springfield 111 New York N Y Kansas City Mo Greensboro N C Houston Texas Hart ord Conn New York N Y Chicago 111 Indianapolis Ind Richmond Va New Orleans La New YorV N Y Baltimore Md Spring eld Ma s Indianapi lis Ind New York NY Detroit Mich St Louis Mo Newark N J New York N Y New York N Y Chicago Ill Amount of Insurance written during the year 1457998 00 528612 00 61000 00 512 930 00 476250 00 583500 00 339500 00 Old Business of previous years now in force 4723906 00 2000 00 173416 00 242000 00 1664388 00 286000 00 40 000 00 9J6727 00 572800 00 6831842 00 990658 98 157500 00 1916500 00 1421563 00 671000 00 451500 00 165000 00 1358472 00 13490610 00 8042074 00 2390037 00 691836 00 Total PremI mms collect ed on Old and New Business 752850 00 1323743 00 l0r0707 00 687414 00 270746 00 481000 00 5554311 00 10050 00i 12950401 001 898209 02 330656 00 8688622 00 23243987 00 2465674 00 996665 98 32805 09 18848 82 47264 34 510296 90 96866 5 86322 68 39550 V 59209 2E 40226 60 39729 8ri 60702 61 94226 41 14948 38 2604R 61 21822 71 540335 11 53904 48 12993 35 350222 73 915312 66 125230 00 40890 21 Losses Paid 8000 00 12743 00 Losses Unpaid 20000 or 23610 21 8360 00 8178 9 67809 00 3250 00 48797 00 5000 00 153 332 6b 8321 14 13330 97 113308 99 520188 14 52350 98 11033 00 40000 00 2500 00 7000 CO 250789 99 54558 00 19413 31 2008 31 9819 0 Fees from Jan 1 1907 to Jan 11908 2000 00 lc66 001 22000 00 2000 oo 1267 25 10999 99 17115 00 24000 00 24 40 108 80 34 40 58 40 39 20 36 80 34 40 58 40 46 40 32 00 46 4u 44 00 32 00 32 00 34 40 36 80 36 80 144 80 61 60 51 20 36 80 65 6 68 00 435 20 34 40 34 40 202 4u 51 20 84 80 44 00 Tax on Premiums Total Fees anu Taxes 1879 57 305 09 188 49 472 64 5102 97 968 67 868 23 395 50 592 09 402 27 397 29 607 03 942 26 149 48 2609 44 28 23 5403 35 539 14 129 93 3502 23 9153 13 1252 30 108 90 O O t V O w pp 6 w m SO r tjn K hd O 70 3National Accident and National New York New England Mutual Northwestern Mutual Old Colony Pacific Mutual Philadelphia Pittsburgh Penn Mutual Phoenix Mutual Provident Savings Prudential Reliance Reserve Loan Rome Industrial Security Life and Annuity Security Life and Annuity Security Mutual State Mutual Southern States Southern States Mutual Sun Southern State State Mutual South Atlantic Travelers Union Central Union Mutual Volunteer State Washington Total Nashville Tenn Montnelier Vt New York N Y Boston Mass Milwaukee Wis Chicago 111 San Francisco Cal Philadelphia Pa Pittsburgh Pa Philadelphia Pa Hartford Conn New York N Y Newark N J Pittsburgh Pa Indianapolis Ind Rome Ga Chicago Ill Greensboro N C Binghamton N Y Rome Ga Montgomery Ala Charleston W Va Montreal Canada Fayetteville N C Indianapolis Ind Worcester Mass Richmond Va Hartford Conn Cincinnati O Portland Md Chattanooga Tenn New York N Y 1400750 00 2102113 00 808696 00 1899 BOO 00 419000 CO 5102243 00 306500 00 516921 00 1307834 00 512000 00 384490 00 8000 00 554000 00 254604 00 7266334 00 2668000 00 925000 00 414500 00 1461000 00 317500 00 252460 00 1622740 00 196987 52 326500 00 13578 00 51421655 50 1831975 00 21263268 00 1812056 00 15008680 00 997051 00 22177681 00 1363400 00 3439470 00 8766013 00 434300 00 224170 00 2331722 44 1820200 00 2179500 00 4023023 00 874600 00 4591069 00 6541764 00 311850 79 189000 00 680037 00 92560 58 783290 19 90867 01 449564 29 45347 94 812340 42 62292 19 122326 38 356100 01 44324 48 62942 23 32 39 19679 82 66815 85 311528 78 103422 56 85449 41 15842 98 164776 46 36293 55 189494 08 288616 47 18238 451 10833 681 25227 56i 40661 00 371988 93 26669 00 222238 00 13163 00 205133 00 25107 60 35700 00 89470 43 10500 00 6000 00 28777 14 35964 00 1 00 00 7635 00 39830 53 12250 00 34747 37 78263 00 1000 00 6869 80 193049860 23 7908817 60 2823055 00 I 1000 00 12150 60 6000 00 37160 00 3500 00 7000 00 1000 00 5000 00 2626 50 6000 00 3000 00 3000 00 39 20 72 281 60 46 40 224 40 36 80 32 00 32 00 l42 40 39 20 51 20 HI 34 39 20 39 20 55 80 32 00 48 80 39 20 70 80 101 60 34 4 53 60 60 80 68 00 53 60 34 40 173 60 56 00 34 40 56 00 34 40 4220 34 925 60 7832 90 908 67 4495 64 453 47 16 61 32 76 8123 40 622 92 1223 26 3561 00 444 24 629 42 32 196 79 668 16 3115 28 1034 23 854 49 158 42 1647 76 362 94 1894 94 2886 16 182 8 108 34 262 28 79115 51 83335 85 o 3 i3 to O f w to 6 M w to r w to w o to iJ oShowing Business Done TABLE No 3 AssesnietU Life Fire and Accident Insurance Companies in this State for the Year Ending April U 1907 NAME OF COMPANY STATE American Ins Co Fire American Assurance Life Atlanta Mut Livestock AtlanbaMut Ins Assn Bankers Health Life Commonwealth Fire Continental Aid Assn Cotton Mill Mut Fire Empire Mut Annuity V Life Farmers Cooperative Livestock Farmers Mut Fire Farmer3 Ccoperative Fire Farmers Fire Farmers Mut Fire Fire Ins Co Gate City Fire Georgia Cooperative Fire Oeorgia Live Stock German Mut Fire Ginners Mut Fire Great Southern Home Life Guaranty Aid v Relief Society Home Friendly Society Industrial Life Health Macon Live Stock Co Metropolitan Mut Benefit Mutual Fire Indemnity Mut Fire Industrial Assn Mut Fire Ins Co Mut Live Stock Ins Co Athens Ga Mut Benefit Life Ins Co Valdosta Ga Mut Benefit Industrial Assn Savannah Ga New South Mut Life Atlanta Ga Pilgrims Health v Life Assn Augusta Ga Atlant i Ga Atlanta Ga Atlanta Ga Atlanta Ga Macon Ga Atlanta Ga Atlanta Ga Augusta Ga Atlanta Ga Swainsboro Ga Dawson Ga Jackson Ga Maison Ga Calhoun Ga Dallas Ga Atlanta Ga Savannah Ga Tifton Ga Savannah Ga Athens Ga Birmingham Ala Savannah Ga Baltimore Md Atlana Ga Macon Gav Atlanta Ga Augusta Ga Athens Ga Coidele Ga Amount of Insurance Written dur ing the Year 413190 00 250835 00 357465 00 13350 00 416812 50 517554 0L 2221700 00 40000 0 1139627 00 67740 00 57000 00 394676 00 42630 00 124537 00 331310 00 1075008 00 53690 00 614815 00 118600 00 2987145 00 276631 50 559980 00 160500 00 Old Business Total Prem iums Col lected on OldandNew of Previ us Years now in Force Business Losses Paid Losses Unpaid 299840 00 165586 00 38465 00 310078 00 2336300 00 11072 50 1783 00 1100 00 483606 00 49962 50 147895 00 7745 00 137400 00 177286 00 37406 95 32166 90 377 50 29592 87 4103 78 112167 95 200 00 5698 30 1198 00 585 00 13828 85 5361 57 12802 61 25102 83 249054 45 2195 80 28649 35 1471 69 53663 35 12618 36 13563 92 8537 00 19687 95 11892 50 9054 05 631 27 10120 00 1847 65 5j90 00 760 00 7447 83 1635 67 3842 45 16825 79 92937 95 1339 50 12764 31 2623 00 13783 73 21611 00 21947 75 11842 95 Fees from Ian 1 1907 to Jan 1 1908 Tax on Prem iums Total Fees and Tax 63 77 1405 00 550 00 9960 00 58 40 32 00 41 60 87 20 92 00 32 00 32 00 32 00 120 80 32 00 34 40 32 00 34 40 44 00 39 20 34 40 32 00 32 00 34 40 36 80 46 40 41 60 65 60 164 00 39 20 44 00 34 40 32 00 82 40 58 60 80 00 36 80 39 20 70 40 110 72 374 06 321 66 3 78 296 00 1121 68 11 78 5 85 J38 29 53 62 128 02 251 03 2490 54 10 98 286 49 14 71 536 63 61 87 135 63 85 37 O C5 o x ii O f f w 6 w z w w 70 W O 70 i3 249 47Protective Fire Ins Co Provident Life Accident Co Sterling Mut Life Ins Co South Ga Farmers Ins Co Southeastern Mut Fire Co Southern Mut Live Stock Ins Co Southern Life and Health Ins Co Sunlight Fire Ins Co Southern Mut Li e Ins Assn Southern Life Southern Agricultural Fire Union Fire Ins Co Union Mut Assn Union Benefit Assn Lithonia Ga Chattanooga Tenn Madison Ga Thomasville Ga Macon Ga Elberton Ga Atlanta Ga Atlanta Ga Atlanta Ga Dawson Ga Atlanta Ga Atlanta Ga Atlanta Ga Savannah Ga 556 31000 999885 20550 165936 490110 532899 799000 44820 1192000 226919 370000 00 1051533 00 Total 17040310 50 5708083 30 797547 52 320945 70 2780 410 3176 1375 7426 4901 24833 3973 1487 950 59867 3427 00 2921 20 241 60 1 635 80 136 50 58063 00 7000 00 36 80 34 40 39 20 34 40 39 20 32 00 41 60 36 80 44 00 39 40 34 40 128 00 41 60 16436 77 2324 27 80 1 55 15 88 13 75 74 27 49 01 248 33 39 73 14 87 9 50 598 67 7783 74 O o J O f w 6 w x w w w in c TABLE No 4 Shwing Business done ly Accident Marine and Surety Companies in this State for the Year ending April 30 1907 NAME OF COMPANY STATE Amount of Insurance written during the year Old business of previous years now in force Total Premiums collected on old and new business Losses paid Losses unpaid Fees from January 1 1907lo January 1 1908 Tax on Premiums Total Fees and Tax 34 40 34 40 Hartford Conn Hartford Conn Minneapolis Minn Philadelphia Pa New York N Y 4370969 00 7335300 00 12790 60 47049 97 1958 87 25508 75 127 91 470 50 6863 92 34 40 36 80 195 20 53 60 39 20 51 20 46 40 34 40 56 00 32 01 132 80 34 40 53 60 34 40 84 80 44 00 39 20 36 80 116 00 48 80 46 40 12 00 92 00 41 60 123 60 34 40 34 40 36 80 63 20 51 20 270676 00 7587893 00 2048541 00 8000 00 46600 00 315278 00 13770 00 3149900 00 2053 96 16013 18 20485 41 600 0 1704 19 3152 78 137 70 17011 98 462 46 6791 10 4948 48 20 54 160 13 2r4 85 6 00 17 04 31 53 1 38 170 11 2850 40 7672 12 New York N Y Hammond Ind New York N Y Philadelphia Pa 567 29 928 13 255 00 16485 26 43 42 3280 00 New York N Y 18246433 60 32928 00 8940910 00 755250 00 3400762 00 242924 00 78105 00 2848300 00 1825038 00 74533 00 1711200 00 10630732 00 8181736 00 88739 00 3556638 00 86136 74 329 28 29613 18 5249 04 3407 62 2429 24 781 05 7289 34 18215 17 1764 80 12745 89 88279 91 18708 33 887 39 12546 17 33914 57 46 36 417 27 1045 32 19135 34 712 41 337 52 1458 92 775 15 716 06 4322 30 23301 79 6533 69 861 37 3 29 Baltimore Md 950 00 1813 25 1027 33 150 00 296 13 52 49 340 08 24 29 Philadelphia Pa New York N Y Montreal Canada Hartford Conn New York N Y 7 81 72 89 182 15 17 65 127 46 1589 04 187 08 8 87 125 46 975 00 150 00 2900 00 New York N Y New York N Y New York N Y SM19 67 6283 45 2878 28 1150 00 New York NY 125562 00 2370300 00 3741948 00 2297500 00 2960 19 9361 18 37419 48 16182 99 633 94 180 85 18216 99 5432 23 577 33 153 91 14515 00 1331 75 29 60 93 61 374 19 New York N Y Scranton Pa 161 82 3 O QC o o hi O t1 w 6 w z w v r in W o 3 New York N Y 182375 00 2109750 00 1233427 00 394700 00 10515 75 19688 32 3054 95 3947 00 85326 28 74 75 44 00 128 00 34 40 72 20 105 16 Standard Life and Accident 8174 91 513 45 196 88 30 65 39 47 853 2 75 New York N Y 23423 47 25 59 United American Philadelphia Pa 7475 00 94 40 34 40 19 sn New York N Y Baltimore Md Baltimore Md 24164000 00 7268860 23 1719100 00 715651 00 54642 70 36775 29 21666 82 3761 97 28284 24 16865 42 16118 67 546 43 367 75 216 66 10817 59 IM 60 1164 141 53 60 Kin nn 58 in 34 40 Total 133091803 23 745360 69 8 276193 55 72973 61 2613 60 8122 18 10735 78 o o fa o r1 r w 6 w w IT ri 5 TABLE No 5 Comparative Table Showing Comparative business of Insurarce Companies in the Siate for the Years 1900 to 1906 Inclusive Amount Insurance in Force Premiums Losses o g i be 1 1900 Fire 1900 Life 1900 Cooperative 1900 Accident Surety and Marine 1901 Kire Companies 1901 Old Line Life Companies 190i Assessment Life Companies 1901 Accident Plate Glass Marine and Surety Cos 1901 Fraternal Orders 1902 Fire 1902 Old Line Life 1902 Assessment Life 1902 Accident Plaie Glass Marine and Surely Cos 1902 Fraternal Ordrs 1902 Agents Tax receipted for as fees by mistake 1902 Overpayment of fees 1903 Kire 1903 Life 190 Cooperative 1903 Accident Surety and Marine 1903 Fraternal Orders 1904 Fire 1904 Life 1904 Cooperative 1904 Accident Surety and Marine 1904 Fraternal Orders Less Overpayment 179561495 07 92223613 31 7847005 00 76115608 1 231234339 40 132654379 SO 4659 699 50 106758014 234719433 140409 404 72 4848391 00 101564929 45 225048844 32 142 172751 34 59036 0 15 99933279 5i 280530212 26 171 133SS1 24 9158245 97 100S55541 66 2 419054 02 3989954 41 270811 260701 2799184 4096042 231899 329027 3002053 4 4799931 23 276400 53 382 844 05 3241995 28 5298816 1 303421 89 315082 45 3535767 41 5980233 F6 389U08 97 508813 32 if 1575983 1488443 73 100074 48 122829 96 1543133 20 1524301 4 51478 98 150316 41 1379395 44 1843778 09 5435 95 203605 77 1431332 91 1758747 09 68363 0 201170 42 133H233 95 2302 996 0 991 18 97 243931 79 2694 580 152 195 2816 739 127 200 2 515 744 99 244 2890 739 1H3 312 3306 957 154 350 Fees Taxes Total 8514 40 24190 38 32 704 78 2512 00 363S5 58 38897 58 780 80 2768 10 3548 90 1396 SO 2 6D7 06 4003 86 8839 20 27991 69 36S30 89 2989 Ii0 409Hi 36 43955 90 848 80 2334 58 3183 38 1312 00 3296 25 4608 25 220 00 7 860 SO 30007 8 39692 61 3065 60 48057 48 51123 08 633 60 2754 00 3407 60 1513 60 3828 40 5342 00 300 00 30 00 SO 8728 00 32817 29 41543 29 3117 00 53045 59 56163 19 1095 20 3031 20 4129 40 1740 80 4 453 24 5458 57 430 00 9919 00 35357 67 45287 20 3640 80 5980 33 63443 13 1233 60 4046 12 5279 72 1704 00 5088 13 6 792 13 4i0 00 61 o o i3 fo O f 6 w w r w fd W d O19o 1905 1905 1905 1905 liKIi 19 6 I a 16 I90n 1906 1917 1907 1907 lit 17 I 07 Fire Life Cooperative ccident Surety and M trine Fraternal Orders Fire Life UooperaUve ccident Surety and Marine Fraternal Orders Fire Life Cooperative Accident Surety irai Marine Fraternal Orders 274885240 75 197919425 IK 12661243 05 99830976 34 3855 6618 267 577 589 72 563 022 4281 7337 684 666 30 848 140 665 447 7008 797 745 407 817 517 360 560991 443227 203285 24V49 659543 665295 262025 253657 378900 823055 32094 276103 3637 1017 202 397 10746 40 4112 80 1892 80 1912 80 410 Ol 12595 40 4235 2i 2995 20 1936 li 700 00 14408 20 4220 34 2 24 80 26 i 3 60 39125 73 66605 96 4955 58 5779 25 41991 47 73537 22 Oltio 93 6036 78 45473 82 79115 51 7783 74 8122 18 46I 00 Error of 200 paid into Treas ry as fees lhatshould have been agents tax 49872 13 7o7Is 7i K848 38 7092 05 59882 02 83335 85 in 108 54 10735 78 n o g 0 hj fo O r w 6 w w w 73 W hi o i3INDEX ADIRONDACK FIRE INSURANCE COMPANY OF NEW YORK Statement of J6 ETNA INDEMNITY COMPANY OF CONNECTI CUT Statement of 563 ETNA INDEMNITY COMPANY OF CONNECTI CUT Statement of l8 ETNA LIFE INSURANCE COMPANY OF CON NECTICUT Statement of 559 ETNA LIFE INSURANCE COMPANY OF CON NECTICUT Statement of 26 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN N Y Statement of 21 ALLIANCE INSURANCE COMPANY OF PENNSYL VANIA Statement of 4714 COMPTROLLERGENERALS REPORT AMERICAN ASSURANCE ASSOCIATION OF GEORGIA Statement of 499 AMERICAN ASSURANCE COMPANY OF PENN SYLVANIA Statement of AMERICAN BANK INSURANCE COMPANY OF MINNESOTA Statement of 57 AMERICAN BONDING COMPANY OF BALTI MORE Statement of 567 AMERICAN CASUALTY COMPANY READING PA Statement of 376 AMERICAN CENTRAL FIRE INSURANCE COM PANY OF ST LOUIS MO Statement of AMERICAN CREDIT INDEMNITY COMPANY OF NEW YORK Statement of 570 AMERICAN INSURANCE COMPANY OF GEOR GIA Statement of ooCOMPTROLLERGENERALS REPORT 715 AMERICAN FIRE INSURANCE COMPANY OF NEWARK N J Statement of 3 AMERICAN NATIONAL INSURANCE COMPANY OF GALVESTON TEXAS Statement of 254 AMERICAN NATIONAL LIFE INSURANCE COM PANY OF LYNCHBURG VA Statement of 257 AMERICAN SURETY COMPANY OF NEW YORK Statement of 577 ATHENS MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Statement of 2i ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Statement of 3 ATLANTA MUTUAL INSURANCE ASSOCIATION OF GEORGIA Statement of 5 ATLANTA MUTUAL LIVE STOCK INSURANCE COMPANY OF GEORGIA Statement of 54 ATLAS ASSURANCE COMPANY LTD OF LON DON Statement of 35716 COMPTROLLERGENERALS REPORT EANKERS HEALTH AND LIFE INSURANCE COMPANY OF GEORGIA Statement of 506 BOSTON FIRE INSURANCE COMPANY OF BOS TON MASS Statement of 4T BRITISH AMERICA ASSURANCE COMPANY OF TORONTO Statement of 44 CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH Statement of 47 CITIZENS FIRE INSURANCE COMPANY OF MIS SOURI Statement of So CITIZENS LIFE INSURANCE COMPANY OF KEN TUCKY Statement of 5 COLUMBIA NATIONAL LIFE INSURANCE COM PANY OF MASSACHUSETTS Statement of 2ggCOMPTROLLERGENERALS REPORT 717 COMMERCIAL UNION ASSURANCE COMPANY LTD OF LONDON Statement of 53 COMMONWEALTH INSURANCE COMPANY OF GEORGIA Statement of 57 CONNECTICUT FIRE INSURANCE COMPANY OF HARTFORD Statement of 62 CONNECTICUT MUTUAL LIFE INSURANCE COM PANY Statement of 273 CONTINENTAL AID ASSOCIATION OF GEOR GIA Statement of 59 CONTINENTAL CASUALTY COMPANY OF IN DIANA Statement of 58r CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK Statement of 5 COSMOPOLITAN FIRE INSURANCE COMPANY OF NEW YORK Statement of COTTON MILL MUTUAL FIRE INSURANCE COM PANY OF AUGUSTA GA Statement of 51 718 COMPTROLLERGENERALS REPORT D DES MQINES LIFE INSURANCE COMPANY OF IOWA Statement of 277 DIXIE FIRE INSURANCE COMPANY OF GREENS BORO N C Statement of 5 E EAGLE FIRE COMPANY OF NEW YORK Statement of gr EMPIRE MUTUAL ANNUITY AND LIFE INSUR ANCE COMPANY OF GEORGIA Statement of T EMPIRE STATE SURETY COMPANY OF NEW YORK Statement of g KM PLOVERS INDEMNITY COMPANY OF PHILA DELPHIA Statement of eon 59 EMPLOYERS LIABILITY ASSURANCE CORPO RATION LTD U S BRANCH OF GREAT BRITAIN AND IRELAND Statement of 592 EQUITABLE FIRE INSURANCE COMPANY OF CHARLESTON S C Statement of 7QCOMPTROLLERGENERALS REPORT 719 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Statement of 280 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF GEORGIA Statement of 516 FARMERS COOPERATIVE LIVE STOCK INSUR ANCE COMPANY OF GEORGIA Statement of 5r 5 FARMERS FIRE INSURANCE COMPANY OF GEORGIA Statement of 517 FARMERS MUTUAL FIRE INSURANCE COMPANY OF GEORGIA Statement of 58 FEDERAL CASUALTY COMPANY OF MICHI GAN Statement of 604 FEDERAL UNION SURETY COMPANY OF IN DIANA Statement of 5 FIDELITY AND CASUALTY COMPANY OF NEW YORK Statement of 599720 COMPTROLLERGENERALS REPORT FIDELITY AND DEPOSIT COMPANY OF MARY LAND Statement of g0c FIDELITY FIRE INSURANCE COMPANY OF NEW YORK Statement of 72 FIDELITY MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA Statement of 28 FIRE ASSOCIATION OF PHILADELPHIA PA Statement of y FIRE INSURANCE COMPANY OF GEORGIA Statement of rIO FIREMENS FIRE INSURANCE COMPANY OF NEWARK N J Statement of 8o FIREMENS FUND INSURANCE COMPANY OF SAN FRANCISCO CAL Statement of g2 FIREMENS FUND INSURANCE CORPORATION OF SAN FRANCISCO CAL Statement of gc FLORIDA HOME FIRE INSURANCE COMPANY OF MARIANNA FLA Statement of 7gCOMPTROLLERGENERALS REPORT 721 FRANKLIN LIFE INSURANCE COMPANY SPRING FIELD ILL Statement of 290 FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSURANCE COMPANY OF GER MANY U S BRANCH Statement of 608 G GATE CITY FIRE INSURANCE COMPANY OF GEORGIA Statement of rig GENERAL ACCIDENT FIRE AND LIFE ASSUR ANCE CORPORATION LTD OF GREAT BRITAIN Statement of 611 GENERAL ACCIDENT INSURANCE COMPANY OF PHILADELPHIA j 1 i Statement of gx e GEORGIA COOPERATIVE FIRE INSURANCE COMPANY Statement of 520 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Statement of gg 46 In722 COMPTROLLERGENERALS REPORT GEORGIA LIVE STOCK INSURANCE COMPANY Statement of 524 GERMAN ALLIANCE FIRE INSURANCE COM PANY OF NEW YORK Statement of 94 GERMANAMERICAN FIRE INSURANCE COM PANY OF NEW YORK CITY Statement of 97 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK Statement of 100 GERMANIA LIFE INSURANCE COMPANY OF NEW YORK Statement of 294 GERMAN MUTUAL FIRE INSURANCE COMPANY OF GEORGIA Statement of 522 GINNERS MUTUAL INSURANCE COMPANY OF GEORGIA Statement of 526 GIRARD FIRE AND MARINE INSURANCE COM PANY OF PHILADELPHIA PA Statement of 92 GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y Statement of 103 COMPTROLLERGENERALS REPORT 723 GLOBE AND RUTGERS FIRE INSURANCE COM PANY OF NEW YORK CITY Statement of I0S GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OF NEW YORK Statement of 618 GREAT SOUTHERN HOME INDUSTRIAL ASSO CIATION Statement of S27 GREAT WESTERN LIFE INSURANCE COMPANY OF MISSOURI Statement of 299 GREENSBORO LIFE INSURANCE COMPANY OF NORTH CAROLINA Statement of 3QI GUARANTEE COMPANY OF NORTH AMERICA Statement of 621 GUARANTEE LIFE INSURANCE COMPANY OF TEXAS Statement of 35 GUARANTY AND RELIEF SOCIETY OF GEOR GIA Statement of S29 724 COMPTROLLERGENERALS REPORT H HAMBURGBREMEN FIRE INSURANCE COM PANY OP HAMBURG GERMANY Statement of I0g HANOVER FIRE INSURANCE COMPANY OF NEW YORK Statement of IO HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of u HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY Statement of 62 HOME FRIENDLY SOCIETY OF MARYLAND Statement of j HOME INSURANCE COMPANY OF NEW YORK Statement of I xg HOME LIFE INSURANCE COMPANY OF NEW YORK Statement of 07 I ILLINOIS LIFE INSURANCE COMPANY Statement of x COMPTROLLERGENERALS REPORT 725 INDIANA NATIONAL LIFE INSURANCE COM PANY Statement of 317 INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY Statement of 533 INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA PA Statement of 119 J JEFFERSON FIRE INSURANCE COMPANY OF PHILADELPHIA Statement of 123 L LIFE INSURANCE COMPANY OF VIRGINIA Statement of 3X9 LIVERPOOL AND LONDON GLOBE INSURANCE COMPANY OF LIVERPOOL ENGLAND Statement of 126 LIVERPOOL AND LONDON AND GLOBE INSUR ANCE COMPANY OF LIVERPOOL ENG LAND Statement of 129 LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK Statement of 628 726 COMPTROLLERGENERALS REPORT LONDON ASSURANCE CORPORATION OF LON DON ENGLAND Statement of 131 LONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Statement of 135 LONDON GUARANTEE AND ACCIDENT COM PANY LTD U S BRANCH Statement of 631 LOUISIANA NATIONAL LIFE ASSURANCE SO CIETY Statement of 323 LUMBER MUTUAL FIRE INSURANCE COMPANY OF BOSTON MASS Statement of 138 LUMBER INSURANCE COMPANY OF NEW YORK Statement of i M MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK Statement of 325 MARYLAND CASUALTY COMPANY Statement of 634 COMPTROLLERGENERALS REPORT 727 MARYLAND LIFE INSURANCE COMPANY OF BALTIMORE Statement of 33 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY OF SPRINGFIELD Statement of 335 MERCANTILE MUTUAL FIRE INSURANCE COM PANY OF PROVIDENCE R I Statement of x43 MERIDIAN LIFE AND TRUST COMPANY OF IN DIANA Statement of 34 METROPOLITAN CASUALTY INSURANCE COM PANY OF NEW YORK Statement of 638 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK Statement of 344 METROPOLITAN MUTUAL BENEFIT ASSOCIA TION Statement of 535 METROPOLITAN SURETY COMPANY OF NEW YORK Statement of 64J MICHIGAN COMMERCIAL INSURANCE COMPANY OFLANSING MICH Statement of T45728 COMPTROLLERGENERALS REPORT MICHIGAN MUTUAL LIFE INSURANCE COM PANY Statement of 349 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF WISCONSIN Statement of T 49 MISSOURI STATE LIFE INSURANCE COMPANY Statement of 354 MUTUAL BENEFIT LIFE INSURANCE COMPANY OF NEW JERSEY Statement of MUTUAL BENEFIT LIFE INSURANCE COMPANY VALDOSTA GA Statement of T 541 MUTUAL FIRE INSURANCE COMPANY COR DELE GA Statement of o MUTUAL LIFE INDUSTRIAL ASSOCIATION ATHENS GA Statement of MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Statement of t0COMPTROLLERGENERALS REPORT 729 MUTUAL LIVE STOCK INSURANCE COMPANY OF GEORGIA Statement of 54 MUTUAL RESERVE LIFE INSURANCE COMPANY OF NEW YORK Statement of 367 N NATIONAL CASUALTY COMPANY OF MICHI GAN Statement of 649 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of J52 NATIONAL LIFE AND ACCIDENT INSURANCE COMPANY NASHVILLE TENN Statement of 376 NATIONAL LIFE INSURANCE COMPANY CHI CAGO ILL Statement of 372 NATIONAL LIFE INSURANCE COMPANY MONT PELIER VERMONT Statement of 378 NATIONAL SURETY COMPANY OF NEW YORK Statement of 6451 730 COMPTROLLERGENERALS REPORT NATIONAL UNION FIRE INSURANCE COMPANY PANY OF PITTSBURG PA Statement of ice NEW ENGLAND MUTUAL LIFE INSURANCE COM PANY OF MASSACHUSETTS Statement of 383 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER Statement of 1 gg NEW SOUTH MUTUAL LIFE INSURANCE COM PANY Statement of 542 NEW YORK LIFE INSURANCE COMPANY OF NEW YORK Statement of 388 NEW YORK PLATE GLASS INSURANCE COM PANY Statement of ga NIAGARA FIRE INSURANCE COMPANY OF NEW YORK Statement of 161 NORTH AMERICAN ACCIDENT INSURANCE COM PANY OF ILLINOIS Statement of 654COMPTROLLERGENERALS REPORT 731 NORTH BRITISH AND MERCANTILE FIRE IN SURANCE COMPANY U S BRANCH OF LONDON AND EDINBURGH Statement of x76 NORTH RIVER FIRE INSURANCE COMPANY OF NEW YORK Statement of l7l NORTH STATE FIRE INSURANCE COMPANY OF GREENSBORO N C Statement of 74 NORTHERN ASSURANCE COMPANY U S BRANCH Statement of l68 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY OF WISCONSIN Statement of 394 NORWICH UNION FIRE INSURANCE SOCIETY U S BRANCH OF ENGLAND Statement of l65 O OCEAN ACCIDENT AND GUARANTEE CORPORA TION LIMITED OF LONDON ENGLAND Statement of 657 OLD COLONY LIFE INSURANCE COMPANY OF ILLINOIS Statement of 39s732 COMPTROLLERGENERALS REPORT ORIENT FIRE INSURANCE COMPANY OF HART FORD CONN Statement of 179 P PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Statement of 400 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Statement of rr 661 PALATINE FIRE INSURANCE COMPANY LTD OF LONDON ENGLAND Statement of 181 PENN MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA Statement of o 408 PENNSYLVANIA CASUALTY COMPANY Statement of rr 663 PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA Statement of 0 184 PHILADELPHIA LIFE INSURANCE COMPANY OF PENNSYLVANIA Statement of 405 PHCENIX ASSURANCE COMPANY LTD OF LONDON Statement of 0 7 COMPTROLLERGENERALS REPORT 73 PHCENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y Statement of 189 PHCENIX INSURANCE COMPANY OF CONNECTI CUT Statement of 193 PHCENIX MUTUAL LIFE INSURANCE COMPANY OF CONNECTICUT Statement of 43 PILGRIM HEALTH AND LIFE INSURANCE COM PANY AUGUSTA GA Statement of 543 PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK Statement of 666 PROTECTION FIRE INSURANCE COMPANY OF GEORGIA Statement of 545 PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY CHATTANOOGA TENN Statement of 545 PROVIDENT SAVINGS LIFE ASSURANCE SO CIETY OF NEW YORK Statement of 48 PRUDENTIAL INSURANCE COMPANY OF AMER ICA NEWARK N J Statement of 423734 COMPTROLLERGENERALS REPORT Q QUEEN INSURANCE COMPANY OF AMERICA Statement of 196 R RELIANCE LIFE INSURANCE COMPANY PITTS BURGH PA Statement of 429 RESERVE LOAN LIFE INSURANCE COMPANY OF INDIANAPOLIS IND Statement of 433 ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER N Y Statement of 199 ROME INDUSTRIAL LIFE INSURANCE COMPANY OF GEORGIA Statement of 436 ROYAL EXCHANGE ASSURANCE COMPANY OF LONDON Statement of 205 ROYAL FIRE INSURANCE COMPANY OF LIVER POOL U S BRANCH Statement of 202COMPTROLLERGENERALS REPORT 735 s SCOTTISH UNION AND NATIONAL INSURANCE COMPANY OF EDINBURGH SCOTLAND Statement of 207 SECURITY LIFE AND ANNUITY COMPANY OF AMERICA Statement of 437 SECURITY LIFE AND ANNUITY INSURANCE COMPANY GREENSBORO N C Statement of 44 SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Statement of 444 SHAWNEE FIRE INSURANCE COMPANY OF TOPEKA KANSAS Statement of 2I SOUTH ATLANTIC LIFE INSURANCE COMPANY OF VIRGINIA Statement of 456 SOUTH GEORGIA FARMERS FIRE INSURANCE COMPANY Statement of 547 SOUTHEASTERN MUTUAL FIRE INSURANCE COMPANY MACON GA Statement of S48 SOUTHERN COOPERATIVE LIVE STOCK INSUR ANCE COMPANY Statement of 5s 736 COMPTROLLERGENERALS REPORT SOUTHERN FIRE INSURANCE COMPANY OF LYNCHBURG VA Statement of 213 SOUTHERN INSURANCE COMPANY OF NEW ORLEANS Statement of 218 SOUTHERN LIFE AND HEALTH INSURANCE COMPANY OF GEORGIA Statement of 550 SOUTHERN LIFE INSURANCE COMPANY OF NORTH CAROLINA Statement of 451 SOUTHERN MUTUAL FIRE INSURANCE COM PANY OF ATHENS GA Statement of 216 SOUTHERN MUTUAL LIFE INSURANCE ASSO CIATION ATLANTA GA Statement of 553 SOUTHERN MUTUAL LIVE STOCK ASSOCIA TION ELBERTON GA Statement of 549 SOUTHERN STATES MUTUAL LIFE INSURANCE COMPANY OF WEST VIRGINIA Statement of 448 SOUTHERN STATES LIFE INSURANCE COM PANY OF ALABAMA Statement of 454 COMPTROLLERGENERALS RItPORT 737 SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF MASSACHUSETTS Statement of 221 STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF MICHIGAN Statement of 669 STATE LIFE INSURANCE COMPANY INDIAN APOLIS INDIANA Statement of 403 STATE MUTUAL LIFE ASSURANCE COMPANY WORCESTER MASS Statement of 0 468 STATE MUTUAL LIFE INSURANCE COMPANY OF ROME GA Statement of 459 STERLING MUTUAL LIFE INSURANCE COM PANY OF GEORGIA Statement of r 546 ST PAUL FIRE AND MARINE INSURANCE COM PANY OF MINNESOTA Statement of 224 SUN INSURANCE COMPANY OF NEW OR LEANS Statement of 20 47 in738 COMPTROLLERGENERALS REPORT SUN INSURANCE OFFICE LONDON ENGLAND U S BRANCH Statement of 227 SUN LIFE INSURANCE COMPANY OF CANADA Statement of 472 SUNLIGHT INSURANCE COMPANY ATLANTA GA Statement of 552 T THAMES AND MERSEY MARINE INSURANCE COMPANY LTD OF GREAT BRITAIN U S BRANCH Statement of 57 TITLE GUARANTY AND SURETY COMPANY OF PENNSYLVANIA Statement of grr TRAVELERS INSURANCE COMPANY OF CON NECTICUT Statement of g7g TRAVELERS LIFE INSURANCE COMPANY OF CONNECTICUT Statement of 477 COMPTROLLERGENERALS REPORT 739 u UNION ASSURANCE SOCIETY OF LONDON ENGLAND Statement of 233 UNION BENEFIT ASSOCIATION SAVANNAH GA Statement of 55 UNION CENTRAL LIFE INSURANCE COMPANY OF OHIO Statement of 482 UNION FIRE INSURANCE COMPANY OF AT LANTA Statement of 555 UNION HEALTH AND ACCIDENT COMPANY OF COLORADO Statement of 683 UNION MUTUAL ASSOCIATION ATLANTA GA Statement of 55 UNION MUTUAL LIFE INSURANCE COMPANY OF MAINE Statement of 486 UNITED AMERICAN LIFE INSURANCE COM PANY OF DELAWARE Statement of 6Sl740 COMPTROLLERGENEkALS REPORT UNITED FIREMENS INSURANCE COMPANY OF PHILADELPHIA Statement of 2tk UNITED STATES CASUALTY COMPANY OF NEW YORK Statement of ggc UNITED STATES FIDELITY AND GUARANTY COMPANY Statement of 5go UNITED STATES HEALTH AND ACCIDENT IN SURANCE COMPANY OF MICHIGAN Statement of goo UNITED STATES LLOYDS MARINE INSUR ANCE UNDERWRITERS OF NEW YORK Statement of 28 UNITED SURETY COMPANY OF MARYLAND Statement of 6o6 V VIRGINIA STATE FIRE INSURANCE COMPANY OF RICHMOND Statement of 241 VOLUNTEER STATE LIFE INSURANCE COM PANY OF TENNESSEE Statement of 4qCOMPTROLLERGENERALS REPORT 741 w WASHINGTON LIFE INSURANCE COMPANY OF NEW YORK Statement of 494 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK Statement of 244 WESTERN ASSURANCE COMPANY OF TO RONTO CANADA Statement of 246 WILLIAMSBURGH CITY FIRE INSURANCE COM PANY OF BROOKLYN N Y Statement of 249 UNIVERSITY OF GEORGIA LIBRARIES 3 ElDfi DSME4 2filb