THE LIBRARY OF THE UNIVERSITY OF GEORGIASTATE CAPITOL ATLANTAREPORT OF THE 71 Insurance Department OF THE COMPTROLLERGENERALS OFFICE 5 FOR THE YEAR ENDING DECEMBER 311908 ATLANTA GA Chas P Bthd State PJiitcr 1909 REPORT Office of ComptrollerGeneral Insurance Department Atlanta Ga January 1 1909 To His Excellency Hoke Smith Governor Sir In compliance with law I have the honor to submit the twentyfirst annual report of the Insurance Department ending December 31st 1908 The growth of this Department of the ComptrollerGenerals office has been phenomenal since its creation in 1887 The great increase in the volume of business is not con fined to any particular class of companies but is general showing that there is a growing public demand for insurance of every character In this connection your attention is directted to the following comparative figures 1888 Companies Amount at Risk Premiums Losses Taxes Pire 97710213 1444669 663127 1444669 Life 27979122 876597 338964 876597 Assessment 9216500 80972 44014 80972 Miscellaneous 4927335 53587 10279 53537 Total 139833170 2455825 1056384 2455825 1898 Companies Amount at Risk Premiums Losses Taxes pire 137297141 2186332 1274499 2186332 Life 81873834 2736088 1090177 2736088 Assessment 23180329 427680 218 432 427680 Miscellaneous 64604350 222607 2851 222607 rT 3 T Total 306945653 5572707 2675959 955727076 ComptrollerGenerals Report 1908 Companies Amount at Risk Premiums Losses Taxes Fire 33445958065 465173469 205994152 46 51716 Llfe 23825706162 816808490 296629796 8ls20 74 Assessment 928140970 77816007 34283814 7 697 6 Miscellaneous 9445492927 81159850 35155873 sio2L37 Total 67645298124 1440957816 572063635 14405689 It should be borne in mind that the premiums reported are the gross premiums from which should be deducted losses and all expense items in order to arrive at actual profits of each class of companies on each years business After allowing for these deduc tions however it will be seen that the business as a whole has been fairly profitable to the companies It will also be observed that by the large increase in the volume of business the States income from the tax on premiums has correspondingly increased until it has reached the sum of 14405689 for the year 1908 I have not included in the foregoing statements the business of Secret Fraternal Beneficiary Societies chartered by the laws of this or other States conduct ing business in this State because the law imposes no tax on assessments collected from their members and therefore the amounts collected are not reported to this department It should also be stated that the law prescribes no standard form of annual report to this department for such societies and the cost of publish ing this report has so enormously increased during the last three or four years I have deemed it proper to omit these annual statements from the reports of this department In previous annual reports of this department I have taken occasion to direct attention to the numerous defectsinmfeystr of State regulation and super visionpfvftie insurance bnmess in Georgia with theComptrollerGenerals Report 7 hope that needed amendments might be adopted by the Legislature The Act providing for State supervision of this busi ness with the ComptrollerGeneral as ExOfficio Insur ance Commissioner was passed October 24 1887 At the time of its enactment it was thought to be suf ficiently comprehensive to afford adequate protection to all classes of policyholders in this State However well this Act may have safeguarded the interests of the insured at the time of its passage the fact remains that under existing conditions differing as they do so widely from those prevailing at that time the entire system is in need of thorough revision The magni tude of the work involved in its accomplishment seems to make it impracticable at this time I therefore wish to call attention to such features of our present systenj which in my judgment most urgently need and demand amendment trusting that they will receive consider ation at the approaching session of the General Assembly First of all in importance the powers of the ComptrollerGeneral as Insurance Commissioner should be so enlarged as to provide for State regu lation and supervision of the insurance business in fact as well as in name To this end his jurisdiction should be made to extend to all classes of insurance companies including Fraternal Beneficiary associations of every character It is needless to say that supervision by this department to be effective should authorize annual examinations of insurance companies or whenever it may be deemed necessary by the Insurance Commis sioner The scope of these investigations should not be limited merely to the ascertainment of the solvency of the companies as is now the case but the Insurance Commissioner should be empowered to inquire into the 11038 ComptrollekGenekaes Eeport honesty as well as the intelligence of the management of the affairs of the companies In case it is found that the management of any com pany is dishonest or fraudulent the Insurance Commis sioner should be clothed with authority to refuse license to such companies and if they have already been licensed to revoke their license To properly make these examinations the services of an expert actuary and accountant would be indispensable and I would therefore recommend that the Insurance Commissioner be authorized to employ some competent person for this work I should perhaps take up in detail the amendments which in my judgment are essential to the protection of the public referring first to Fire Insurance Companies The laws of this State make three subdivisions of this class of companies as follows Stock Companies Mutual Companies and CoOperative or Assessment Companies Our statutory requirements relating to the two first named classes in the light of many years experience have fully protected holders of their policies This is not true as to the last named CoOperative or Assessment Companies The laws prescribing con ditions upon which such companies may be licensed by this department have proven to be utterly inadequate for the protection of the insurers in these companies and need amendment I would recommend that all such companies except those which are purely local confin ing their business to the county in which they are organized be required to make a deposit of not less than ten thousand dollars with the State Treasurer or some Trust Company in such securities as may be approved by the Insurance Commissioner In addition to this they should be required to set aside the sameCompteolleeGeneeals Repoet 9 reinsurance reserve from their premium income as is required of stock and mutual fire companies It is unquestionably true that the lax laws relating to this class of companies have encouraged their organi zation and in many instances utterly irresponsible persons have taken advantage of this fact to organize and operate such companies solely for profit to them selves yet I have no option in the matter being com pelled to license them where they have complied with the present lax requirements Life Insurance Companies The laws of this State prescribing the conditions upon which Life Insurance Companies of this and other States may do business in Georgia are also defective in many respects and should be amended in order to more thoroughly protect the interests of the many thousands of Georgia policyholders This Department should be clothed with wide dis cretionary powers in the supervision of this branch of the insurance business Laws should also be enacted whereby all officers of such companies should be held to a strict accountability for any mismanagement of the companys affairs Nonresident companies should be required to make deposits in their home State in United States or State bonds or in municipal bonds the same being required of Georgia companies The marvelous growth of the life insurance business in this State during the last two decades the premium receipts being 816808490 in 1908 indicates the increasing popularity of life insur ance in this State This has encouraged the organiza tion of quite a number of Mutual and CoOperative or Assessment Companies under charters obtained from10 ComptbollebGenebals Repobt the State All of them being purely mutual of course had no capital stock by which to make the required deposits with the State and supply funds for the con duct of their business until their incomes were sufficient to take care of expenses To do this they have been compelled to adopt methods the wisdom of which at least has not been without criticism This is a matter which is of vital interest to policyholders in these com panies and to a considerable extent affects the finan cial strength of the companies The State therefore should regulate this matter and prescribe some uniform plan for this purpose I would recommend as perhaps the simplest solution of the question that such com panies be authorized and required to raise aguaranty fund of not less than one hundred thousand dollars in the case of Mutual Life Companies and in the case of CoOperative Companies at least twenty thousand dollars The law should provide for the payment of a fair rate of interest on this guaranty capital to be paid from the expense fund only Provision might also be made for its retirement from the excess of surplus over the amount of said guaranty fund if it should be deemed wise to do so This would obviate the necessity for resorting to all kinds of methods heretofore used by these companies In this connection I would also sug gest that all Life Companies Stock as well as Mutual and nonresident as well as domestic companies be pro hibited from issuing any form of special contract to a preferred class of policyholders under penalty of a revocation of their license by the Insurance Commis sioner Indeed no Life Company should be allowed to make any distinction or discrimination in favor of individuals between insurants of the same class and equal expectation of life in the amount or payment of premiums or rates charged for policies for life or enComptrollerGenerals Report 11 dowment insurance or in the dividends or other benefits payable thereon or in any other of the terms and con ditions of the contracts it makes Such companies should be prohibited also under proper penalties from making issuing circulating or causing to be made issued or circulated any estimate illustration circular or statement of any sort misrepresenting the terms of any policy issued by it or the benefits or advantages promised thereby or the dividends or share of the surplus to be received thereon or should use any name or title of any policy or class of policies that does not bear the signature of the president or secretary of the company No company of this class doing business in Georgia should be allowed to issue a policy to a resi dent of this State which does not have in large letters upon its face a plain description of the policy so fully defining its character including dividend periods and other peculiarities that the holder thereof would not be liable to mistake the nature or scope of the contract Assessment Life Insurance Companies This class of insurance companies should be subject to examination by this Department whenever it should be deemed necessary by the Insurance Commissioner It is needless to say that encouraged by the fact that practically no supervision of their business is exercised by the State has greatly multiplied their number Their policyholders inthis State are entitled to the same pro tection from the State that policyholders in the larger legal reserve companies receive from State supervision The law now requires reasonable deposits with the State Treasurer for the security of policyholders but makes no provision for safeguarding the funds coming into the hands of the company This Department should have authority to inquire into their management and see12 Comptroller Generals Eeport that the funds belonging strictly to policyholders are not encroached on for any purpose whatsoever Surety Companies Attention is respectfully called to what seems to be an injustice of our law regulating the business of surety companies in Georgia Only bonding companies becom ing sureties on official bonds of State county or munici pal officers are required to make deposits with our State Treasurer to protect their bonds Such companies as confine their business exclusively to court or other bonds are not required to make deposits in this State thus depriving estates widows and minors of the protection which the laws afford the State counties and munici palities I must confess I fail to see the justice of this statute and therefore recommend that all companies of this character be required to make the same deposits as are now made by companies writing an official bond business Fraternal Beneficiary Associations What has been said of the statutes relating to other classes of insurance companies is equally applicable to beneficiary orders both nonresident and domestic It is doubtless known that organizations of all such associations in Georgia are had under charters obtained from judges of the Superior Court under an old sec tion of our Code enacted many years before there was any thought of State supervision of the insurance busi ness and therefore affords no protection to their mem bers or policyholders Such associations having no capital or guaranty fund for the protection of certificate holders at the time of beginning business should not be licensed by the State until it can be shown to the Insurance ommissioner that the association has actualComptrollerGenerals Eeport 13 bona fide applications for death benefit certificates upon at least a sufficient number of lives the assess ments on which would raise the maximum amount of any policy which it proposes to issue on one life and that each applicant has paid in cash one regular pay ment or assessment based on the table of mortality fixed by the National Fraternal Congress The license fee of 1000 required of these associations is a mere nominal charge as compared with licenses and other taxes imposed on other insurance companies and should be increased In conclusion I desire to call attention to the matter of taxation of insurance companies in general The subject of taxation by the several States is engaging the attention of the public throughout the United States and especially of life insurance companiesthe con sensus of opinion being that the laws of practically all the States need modification It is claimed and with seeming justice that the policyholders who pay the premiums like the consumer of any article of mer chandise pays at last all taxes laid on the business This being true all taxation of insurance companies should be levied with due regard to this fact It is not the policy of this State to make taxes onany class of subjects burdensome The effect of our present system however has been to do so especially in the case of Georgia companiesso much so that it has amounted to an actual discrimination against companies organized in this State To illustrate Georgia companies are required to pay three taxes first taxes on all property which of course includes every item of property of the company second a tax of one per cent on all premiums and third license taxes imposed by the State and municipalities on the companies and all of their agents Whereas nonresident companies having practically allu ComptrollerGenerals Report of their property real as well as personal outside of Georgia and not being taxable in their home State are relieved from this tax and therefore only pay taxes on their premiums and license taxes It is needless to say that this burdensome discrimi nation has prevented the organization of stock com panies notwithstanding Georgia in other respects offers superior inducements for the investment of capital in this business which is evidenced by the fact that Atlanta is the largest insurance center south of New York The total business written by all classes of companies in this State for 1908 amounted to 67645298124 and the premiums collected on said business reached the enor mous sum of 1440957816 We should therefore en courage by wise and just legislation the investment of Georgia money in Georgia insurance companies Respectfully WM A WRIGHT CompGenl and ExOfficio Ins ComrComptrollerGenerals Report 15 The following Fire Insurance Companies having complied with the laws of Georgia are authorized to transact business in this State for the year 1908 Aachen Munich 84 Williams St New York Adirondack Fire New York N Y Alliance Fire Insurance Co Philadelphia Pa American Central Fire 415 Locust St St Louis Mo American Fire Insurance Co Newark N J Agricultural Fire Watertown N Y Aetna Fire Hartford Conn Athens Mutual Fire Athens Ga Atlas Assurance Co London 49 Wall St New York Atlanta Home Atlanta Ga Blue Ridge Fire Marianna Fla Boston Insurance Co Boston Mass British America 18 Front Street Toronto Canada Caledonian 27 Pine Street New York Citizens Fire St Louis Mo Commercial Union 58 William Street New York Continental 46 Cedar Street New York Connecticut Fire Hartford Conn Cosmopolitan Fire New York N Y Delaware Fire Philadelphia Pa Pixie Fire Greensboro N C Equitable Fire Charleston S C Federal Fire Insurance Co Jersey City Fidelity Fire New York N Y Fire Association of Philadelphia 34 Fifth Street Philadelphia Pa Firemans Fund San Francisco Cal Firemans Insurance Co Newark N J Florida Home Marianna Fla Georgia Home Columbus Ga Georgia Fire Cedartown Ga16 ComptrollerGenerates Report GermanAmerican 115 Broadway New York Germania Fire 117 Broadway New York German Alliance New York Girard Fire Marine Insurance Co Philadelphia Pa Glens Falls Fire 149 Glen Street Glens Falls N Y Globe Rutgers New York N Y HamburgBremen U S B 62 Cedar St New York Hanover Fire 40 Nassau Street New York Hartford Fire 53 Trumbull Street Hartford Conn Home 119 Broadway New York Insurance Company of North America 232 Walnut St Philadelphia Pa Insurance Company State of Pennsylvania Philadel phia Pa Jefferson Fire Insurance Co Philadelphia Pa Liverpool and London and Globe of England U S B 45 Williams Street New York Liverpool and London and Globe New York London Assurance U S B 88 Wall St 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 Union Fire Lansing Mich Mercantile Mutual Fire 10 Weybossett Street Provi dence R I Milwaukee Mechanics Milwaukee National Fire Hartford Conn National Union Fire Pittsburgh Pa Niagara New York New Brunswick New Brunswick N J New Hampshire Manchester N H Norwich Union 67 Wall Street New York North British and Mercantile U S B 54 Williams St New YorkComptrollebGenerals Eepoet 17 Northern Assurance 25 Pine Street New York North Eiver Insurance Co 84 Williams St 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 St Philadelphia Pa Phoenix Assurance of England U S B 47 Cedar St New York Phenix of New York 16 Court St Brooklyn N Y Phoenix of Connecticut 64 Pearl St Hartford Conn Queen of America 49 Cedar Street New York Queen City Fire Sioux Falls S I 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 St Hartford Conn Seaboard Fire and Marine Insurance Co Galveston Texas Security Fire New Haven Conn Shawnee Fire Topeka Kans Southern Fire Lynchburg Va Southern Mutual Athens Ga Southern Fire of New Orleans La Springfield Fire and Marine Springfield Mass St Paul Fire and Marine St Paul Minn Sun Insurance Office England 54 Pine St New York Sun Fire Insurance Co New Orleans La United States Lloyds New York N Y United Firemen Philadelphia Pa Virginia State Richmond Va Western Assurance 22 Wellington St Toronto Canada Westchester Fire 27 and 29 Pine Street New York Williamsburg City Fire 150 Broadway New York 2cg18 ComptrollerGenerals Report The following Life Insurance Companies having com plied with the laws of Georgia are authorized to transact business in the State for the year 1908 American National Life Lynchburg Va Aetna Life Hartford Conn American National Life Galveston Texas Citizens Life Insurance Co Louisville Ky Columbian National Boston Connecticut Mutual Life Hartford Conn Des Moines Life Des Moines Iowa Empire Life Atlanta Ga Equitable Life 120 Broadway New York Fidelity Mutual Life Philadelphia Pa Franklin Life Springfield 111 Great American Life St Louis Mo Great Western Life Kansas City Mo Greensboro Life Greensboro N C Germania Life 20 Nassau Street New York Guarantee Life Houston Texas Home Life 256 Broadway New York Illinois Life Chicago 111 Jefferson Standard Life Raleigh N C Life Insurance Company of Virginia Richmond Va Louisiana National Life New Orleans La Manhattan Life of New York Maryland Life 10 South Street Baltimore Md Massachusetts Mutual Life 413 Main St Springfield Meridian Life and Trust Company Indianapolis Ind Metropolitan Life 36 Park Place New York Michigan Mutual Life Detroit Mich Missouri State Life St Louis Mutual Benefit Life 752 Broad St Newark N J Mutual Life of New York 32 Nassau Street New York National Life Chicago 111 ComptrollerGenerals Report 19 National Life Montpelier Vt New England Mutual Life Boston New York Life 346 and 348 Broadway New York Northwestern Mutual Life corner Broadway and Mil waukee Streets Milwaukee Wis Northwestern National Minneapolis Minn Pacific Mutual Life San Francisco Cal Philadelphia Life Insurance Co Philadelphia Prudential Life Newark N J Penn Mutual Life 921 Chestnut St Philadelphia Pa Phoenix Mutual Life Hartford Conn Reliance Life Hartford Conn Reserve Loan Life Indianapolis Ind Ridgely Protective Association AVorcester Mass Rome Industrial Rome Ga Security Life of America Chicago Security Mutual Life Binghamton N Y State Mutual Life Rome Ga State Life Indianapolis Ind State Mutual Life Assurance Co Worcester Mass South Atlantic Richmond Va Southern States Life Montgomery Ala Sun Life Assurance Montreal Canada Southern States Mutual Life Charleston W Va Southern Life Fayetteville N C Travelers Life Insurance Co 56 Prospect St Hartford Conn Union Central Life 243 West Fourth St Cincinnati 0 Union Mutual Life Portland Me Volunteer State Life Chattanooga Tenn Washington Life New York N Y The following Assessment Fire Life and Accident Insurance Companies having complied with the laws of20 Comptroller Gen eral s Report Georgia are authorized to transact business in the State for the year 1909 American Insurance Company fire Atlanta Ga American Assurance Association life Atlanta Ga Atlanta Mutual Insurance Association life Atlanta Georgia Bankers Health and Life Insurance Co Macon Ga Continental Aid Association Atlanta Ga Cherokee Mutual Fire Canton Ga Farmers Mutual Fire Insurance Co Dawson Ga Farmers CoOperative Fire Insurance Co Jackson Ga Farmers Mutual Fire Association Calhoun Ga Farmers Protective Fire Insurance Co Lithonia Ga Fire Insurance Company of Georgia Dallas Ga Gate City Fire Insurance Company Atlanta Ga Georgia CoOperative Fire Savannah Ga Georgia Mutual Industrial Life and Health Augusta Georgia Ginners Mutual Insurance Co Athens Ga Great American CoOperative Fire Association Macon Georgia Great Southern Home Industrial Birmingham Ala Guaranty Aid and Relief Society Savannah Ga Home Friendly Society Baltimore Md Industrial Life and Health Insurance Co Atlanta Ga Live Stock Owners Buchannan Ga Merchants Mutual Fire Atlanta Ga Mutual Benefit Life Insurance Co Valdosta Ga Mutual Benefit Industrial Life Association Savannah Georgia Mutual Life Industrial Association Athens Ga Mutual Fire Cordele Ga New South Mutual Life Insurance Co Atlanta Ga Pilgrim Health and Life Association Augusta Ga ComptrollerGeneral s Report 21 Provident Life and Accident Chattanooga Tenn State Mutual Fire Association Gainesville Ga Sterling Mutual Life Insurance Co Madison Ga South Georgia Farmers Fire Insurance Co Thomas ville Ga Southeastern Mutual Fire Insurance Co Macon Ga Southern Life Insurance Co Dawson Ga Southern Life and Health Insurance Co Atlanta Ga Sunlight Insurance Company Atlanta Ga Southern Mutual Life Insurance Association Atlanta Georgia Union Mutual Association Atlanta Ga Union Fire Insurance Co Atlanta Ga Union Benefit Association Savannah Ga Western Insurance Company of Georgia Carrollton Ga The following miscellaneous companies having com plied with the laws of Georgia are authorized to trans act business in the State for the year 1908 Aetna Indemnity Hartford Conn Aetna Accident and Liability Insurance Co Hartford Conn American Bank Insurance Co Minneapolis Minn American Casualty Philadelphia American Surety New York American Bonding 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 Assurance Corporation 71 Kilby Street Boston Mass Fidelity and Casualty 214 Broadway New York Federal Casualty Detroit Mich Fidelity and Deposit Company Baltimore Md99 ComptrollerGenerals Report Frankfort Marine Accident and Plate Glass United States Branch New York General Accident Association Corporation United States Branch Philadelphia Pa Great Eastern Casualty Indemnity Co 290 Broadway New York Guarantee of North America 157 St James Street Montreal Canada Hartford Steam Boiler 218 Main St Hartford Conn Lloyds Plate Glass 68 Williams St New York London Guarantee and Accident 139 LaSalle Street Chicago 111 Maryland Casualty Company Baltimore Md Massachusetts Bonding Company Boston Mass Metropolitan Casualty Company New York Metropolitan Surety New York National Surety Company New York N Y National Life and Accident Nashville Tenn 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 Philadelphia Casualty Company Philadelphia Preferred Accident Insurance Co New York Standard Accident Insurance Co Detroit Mich Thames and Mersey Marine 69 Wall Street New York Title Guaranty and Surety Company Scranton Pa Travelers Indemnity Company Hartford Conn United American Philadelphia Pa Union Health and Accident Denver Colo United States Casualty Company 38 Nassau St New York United States Fidelity and Guaranty Baltimore MdComptrollerGenerals Report 23 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 Mutual Benefit Association Cartersville Ga American Woodmen Denver Colo Catholic Knights of America St Louis Mo Citizens Mutual Benefit Society Atlanta Ga Columbian National Boston Mass Eminent Household of Columbian Woodmen Atlanta Georgia Farmers Home Beneficiary Association Comer Ga Farmers Mutual Life Protective Association Atlanta Georgia Farmers Life Confederation Atlanta Ga Foresters Toronto Canada Fraternal Union of America Denver Colo Fraternal Relief Association Richmond Va Fraternal Bankers of America Decatur 111 Fraternal Life Association Atlanta Ga Fraternal Mystic Circle Philadelphia Pa Independent Order of Heptasophs Baltimore Md Home Friend Athens Ga Herald of Liberty Huntsville Ala Homesteaders Des Moines Iowa Knights of Honor St Louis Mo Knights of Agriculture Washington D C Keystone Guard Athens Ga Knights of Columbus New Haven Conn Knights of Modern Maccabees Port Huron Mich Knights of Pythias Chicago 11124 ComptrollekGeerals Report Ladies of the Maccabees Port Huron Mich Legion of Bed Cross Baltimore Md Masons Annuity Atlanta Ga Modern Brotherhood of America Mason City Iowa Modern Workmen of the World Alexandria Va National Benevolent Society Kansas City Mo National Fraternal League Bradford Pa National Life Annuity Association Atlanta Ga National Protective Legion Waverly N Y National Union Fraternal Life Association Atlanta Ga North American Union Chicago 111 Old Dominion Protective Association Alexandria Va Peoples Mutual Benefit Association Summerville Ga Retail Merchants Association Royal Arcanum Boston Mass Royal Fraternal Union Royal Benefit Society Washington D C Sailors Association Supreme Tribe Ben Hur Crawfordsville Ind Senate National Union Toledo Ohio Southern Protective Association Atlanta Ga Southern Benevolent Life Association United Commercial Travelers Columbus Ohio United Benevolent Society Atlanta Ga Union Fraternal Association Aberdeen Miss United Protective AssociationComptrollerGenerals Report 25 AACHEN MUNICH FIRE INSURANCE COMPANY OF AIXLACHAPELLE GERMANY Joseph A Kelsey United States Manager Principal Office in United States 84 William St New York City Dan B Harris Atlanta Attorney for Service in Georgia IDeposit Capital I In the custody of State officials of the State of New York for the benefit of all the policyholders of the Company in U S 220000 00 3 Amount of ledger assets as per balance December 31 of previous year 1783301 02 Extended at 1783301 02 IIIncome As Shown by the Books of the U S Branch Office at Close of Business December 31 1907 4 Gross premiums 1328600 79 5 Deduct reinsurance rebate abatement and return premiums 333507 37 6 Total premiums other than perpetual 993093 42 10 Gross interest on bonds and dividends on stocks 50600 00 11 Gross interest on deposits 6493 27 12 Gross interest from all other sources 150 29 14 Total gross interest and rents 15 Received from Home Office 995093 42 57243 56 36874 21 1089211 19 28 Total income 29 Amount carried forward 2872512 21 IIIDisbursements As Shown by the Books at the U S Branch Office at Close of Business December 31 1907 1 Gross amount paid policyholders for losses including 24901669 occurring in pre vious years 623674 20 2 Deduct amount received for salvage 355488 and for reinsurance in other Companies 9883261 102387 49 3 Net amount paid policyholders for losses 521286 71 521286 7126 CoMPTROLLERGrENEBAL s REPORT 9 10 11 12 13 14 15 16 17 18 19 22 23 24 27 Expenses of adjustment and settlement of losses Remitted to home office Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 2108457 and expenses 1287194 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 128702 printing and stationery 704639 Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps including corrections Underwriters boards and tariff associations Fire department fire patrols and salvage corps assess ments fees taxes and expenses Inspections and surveys State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Give items and amounts Municipal and county taxes and fees All other disbursements Give items and amounts Commercial ratings 765 71 Miscellaneous items 9 195 71 25993 84 6224 78 224492 93 2156 41 33956 51 60842 39 9070 08 8333 41 9561 95 205 52 3286 85 3313 01 13286 44 10789 91 3184 07 12787 35 5858 03 1963 54 2961 42 28 Total disbursements 959555 15 29 Balance IVLedger Assets 4 Book value of bonds excluding interest 5 Cash in companys office 6 Deposited in trust com panies and banks not on interest Chase National Bank New York Anglo Californian Bk Ltd San Francisco 7 Deposited in trust com panies and banks on interest Chase National Bank New York 1620457 80 86 82 3750 00 5844 86 53243 86 9594 86 1912957 069 11 16 18 22 28 32 33 35 38 39 1 2 ComptrollerGenerals Keport 27 Ladenburg Thai maim Co New York 96124 84 149368 70 Agents balances representing business written subsequent to October 1 1907 124969 20 Agents balances representing business written prior to October 1 1907 7006 68 Bills receivable taken for fire risks 1473 00 Total ledger assets 1912957 06 NonLedger Assets Interest due and accrued 18955 84 Total 18955 84 Gross assets 1931912 90 Deduct Assets Not Admitted Agents balances representing business written prior to October 1 1907 7006 68 Bills receivable past due taken for marine inland and fire risks 1473 00 Book value of ledger assets over market value viz 145175 30 Total 153654 98 Total Admitted Assets 1778257 92 VLiabilities Gross losses adjusted and unpaid due none not yet due 1087055 10870 55 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 65419 73 Gross claims for losses resisted 9840 00 Total 86130 28 Deduct reinsurance due or accrued 4281 77 Net amount of unpaid losses and claims 81848 51 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running one year or less from date of policy including interest pre miums on perpetual fire risks 690 36545 unearned premiums fifty per cent 345182 7328 ComptrollerGenerals Report 8 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 89994459 un earned premiums pro rata 493972 17 12 Total unearned premiums as computed above 839154 90 19 Commissions brokerage and other charges due or to become due to agents and brokers 1 090 00 25 Total amount of all liabilities 922 093 41 26 Deposit capital 220000 00 27 Surplus over all liabilities 636164 51 28 Surplus as regards policyholders 856 164 51 29 Total 1778257 92 ADIRONDACK FIRE INSURANCE COMPANY OF NEW YORK G A Mitchell President R H McKelvey Secretary Principal Office 84 William St New York F B Marsh Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock oqq 000 00 IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 289400 00 13 Cash belonging to the company deposited in bank Marine National Bank Buffalo 6016043 Manufacturers and Traders National Bank Buffalo 2038563 Na tional Park Bank N Y 1201883 92564 89 Total cash items 92 564 89 15 Interest due and accrued on bonds not included in mar ket value uncollected ot r go 17 Cash in hands of agents and in course of transmission 46716 34 All other assets both real and personal viz Lumber Insurance Co of N Y i or 1 95 Total assets of the company actual cash market value 431829 0111 19 20 21 23 24 ComptbolleeGenebals Kepoet IIILiabilities Gross losses in process of adjustment or in suspense including all reported and supposed losses 5891 34 Losses resisted including interest costs and other expenses thereon 449 47 Total gross amount of claims for losses 6340 81 Deduct reinsurance thereon 108 01 Net amount of unpaid losses Unearned premiums fifty per cent as per schedule 111399 73 Unearned premiums pro rata as per schedule 8642 00 Total unearned premiums as computed above carried out AH other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission 1457231 reinsurance 64289 Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 26747 21 Net collected 26747 21 Gross premiums on risks written and renewed during the year as shown in risk and premium exhibit 352916 70 Total 379663 91 Deduct premiums and bills in course of collection at this date 46716 34 Entire premiums collected during the year 332947 57 Deduct reinsurance and return premiums 109736 42 Net cash actually received for premiums carried out 29 6232 80 120041 73 15215 20 141489 73 200000 00 90339 28 431829 01 223211 1530 CompteollerGteneeals Report 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 13235 70 12 Income received from all other sources omitting increase if any in value of securities viz Discount on loss Paid 538 05 15 Aggregate amount of income actually received during the year in cash 236984 90 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 656169 losses occurring in pre vious years 115947 65 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 20293 and all amounts actually received for reinsur ance in other companies 1780662 total deductions 18009 55 Net amount paid during the year for losses 97938 10 6 Paid for commissions or brokerage 19 347 05 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 6 537 qq 8 Paid for State National and local taxes in this and other States 4348 20 9 All other payments and expenditures viz Adjustment charges 67467 commission paid general agency 4481471 legal expenses 196476 furniture 45845 auditing 61000 fidelity bonds 14220 moving 10228 administration 74533 total 49 512 40 10 Savannah bonds 20 16r q Aggregate amount of actual expenditures during the year in cash m845 25 Business in the State of Georgia during the Year Fire risks written 107j3f4 Q Premiums received gross 3 q8q 9q Losses paid Losses incurred ComptrollerGenerals Eepoet 01 ETNA FIRE INSTJIANCE COMPANY HARTFORD CONN William B Clark President Henry E Rees Secretary Home Office Hartford Conn James S Middleton Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 4000000 00 2 Amount of ledger assets as per balance December 31 of previous year 13065471 74 Extended at 13065471 74 IIIncome 5 Gross premiums 9158407 15 63525705 6 Deduct reinsurance re bate abatement and re turn premiums 245477452 21250604 7 Total premiums other than perpetual 6703632 63 42275101 7126383 64 8 Deposit premiums written on perpetual risks gross 6785 22 9 Gross interest on mortgage loans 777 66 11 Gross interest on bonds and dividends on stocks 59870307 12 Gross interest on deposits 1164727 15 Total gross interest and rents 16 Gross profit on sale or maturity of ledger assets 19 Conscience fund 810 00 20 Old balance collected 14 87 611128 00 72520 00 824 87 28 Total income 7817641 73 IIIDisbursements Marine and Fire Inland 1 Gross amount paid policy holders for losses includ ing 55031701 occurring in previous years 3928246 03 355382 63 2 Deduct amount received for salvage 5682310 and for reinsurance in other Companies 938 77596 885966 43 109632 6332 ComptrollerGenerals Eepoet 3 Net amount paid policy holders for losses 3042279 60 245750 00 4 Expenses of adjustment and settlement of losses 5 Deposit premiums returned 6 Paid stockholders for interest or dividends amount de clared during the year 776000 including stockholders tax 9 Commissions or brokerage 11 Salaries 157528 and expenses 10259632 of special and general agents 12 Salaries fees and all other charges of officers directors trustees home and branch offices employees 14 Advertising 2108895 printing and stationery 5114274 15 Postage exchange telegrams telephone express and freight 16 Legal expenses 17 Furniture and fixtures 18 Maps including corrections 19 Underwriters boards and tariff associations 20 Fire department fire patrol and salvage corps assess ments fees and expenses 21 Inspections and surveys 22 Eepairs and expenses other than taxes on real estate 24 State taxes on premiums 25 Insurance department licenses and fees 26 All other licenses fees and taxes give items and amounts viz Fire department taxes 3594650 city town and county licenses 2216489 fire marshal tax 53900 franchise tax 53000 26 Additional items of expense viz Auditing 60000 miscellaneous expenses at Western Northwestern and Pacific Branch Offices 3921433 expenses at minor branch offices 3773808 light and power vault protec tion lunch system janitor and engineers supplies ice laundry coal and water 1490539 27 Gross loss on sale or maturity of ledger assets 30 Interest paid on loan 27 858 18 31 Interest paid Munich ReTnsuranee Company 20505 61 32 Other disbursements including loan uncollectible balance printing department etc 3288029 60 43308 50 2291 18 776000 00 1221942 35 260124 32 292296 99 72231 69 53558 00 951921 10476 40 12198 43 95864 44 12488 80 15694 95 958 61 104866 40 21824 75 59180 39 92457 SO 1320 00 48363 79 855202 SO 40 Total disbursements 7 350 199 40 41 Balance 13532914 07ComptrollerGenerals Eeport 33 IVLedger Assets 588207 93 600 00 1 Book value of real estate 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 777008947 and Stocks 377497040 11545059 87 5 Cash in companys office 2253 81 6 Deposited in trust companies and banks not on interest 70623 59 7 Deposited in trust companies and banks on interest 1125240 25 8 Agents Balances representing business written subsequent to October 1 1907 178654 48 9 Agents Balances representing business written prior to October 1 1907 22274 14 16 Total ledger assets 13532914 07 NonLedger Assets 17 Interest due and accrued on mortgages 36 00 18 Interest due and accrued on bonds 60849 29 20 Interest due and accrued on other assets 437 50 22 Total 24 Market value of bonds and stocks over book value 25 Other nonledger assets viz Gross premiums in course of transmission December 31 61322 79 584260 91 841553 73 28 Gross assets 15020051 50 Deduct Assets Not Admitted 32 Agents balances representing business written prior to October 1 1907 22274 14 36 Eeal Estate 113207 93 38 Total 135482 07 39 Total admitted assets 14884569 43 VLiabilities 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 3 Gross claims for losses resisted 238494 19 489911 99 36740 45 4 Total 3cg 765146 63u ComptrollerGenerals Report 5 Deduct reinsurance due or accrued 192460 95 6 Net amount of unpaid losses and claims 572685 6l 7 Gross premiums less reinsurance re ceived and receivable upon all unex pired Are risks running one year or less from date of policy including interest premiums on perpetual fire risks 4 23023396 unearned premiums fifty per cent 2115116 98 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 703010308 unearned premiums pro rata 3851390 74 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 29624869 unearned premiums fifty per cent 148124 34 12 Total unearned premiums as computed above 6114632 06 13 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received 93532 15 21 Commissions brokerage and other charges due or to be come due to agents or brokers gg 99 9 22 Return premiums 15233108 reinsurance premiums 10988139 262212 47 27 Total amount of all liabilities except capital 7129 963 55 28 Capital actually paid up in cash 4000000 00 29 Surplus over all liabilities 3754605 88 30 Surplus as regards policyholders 7 754 gQ5 88 31 Total liabilities hss 43 Business in the State of Georgia Dining the Year Fire Marine Inland Tornado Aggregate Gross risks written 14766136 00 251347 00 819000 00 15836483 Gross premiums re ceived 240228 91 2345 81 7585 65 250160 Losses paid 176017 35 735 60 116 53 176869 Losses incurred 160849 38 368 60 116 53 161334 00ComptrollerGeneral s Report 35 AGRICULTURAL fire insurance company watertown n y W H Stevens President J Q Adams Secretary Principal Office 23 Washington St Watertown N Y Cliff C Hatcher Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 500000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon as specified in Schedule A 51227 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 021942 68 3 Interest due on all said bond and mortgage loans 403705 interest accrued thereon 1010311 total 14140 10 4 Value of lands mortgaged exclusive of buildings and perishable improvements 855173 00 5 Value of buildings mortgaged 339949 00 0 Total value of said mortgaged premises carried inside 1195122 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1055999 34 11 Total amount loaned on stocks and bonds and all other securities except mortgages 461810 42 12 Cash in companys principal office 9627 04 13 Cash belonging to the company deposited in bank Natl Union Bank Watertown N Y 7744162 Jefferson Co Natl Bank Watertown N Y 3532130 Watertown Natl Bank Watertown N Y 3675790 Natl Bank Loan Co 1723152 Carthage National Bank Carthage N Y 500000 National Herkimer Co Bank Little Falls N Y 900000 Mercantile Trust Co New York City 2793777 Ohio Mutual Sav ings Loan Co Cleveland Ohio 100000 Cleveland Savings Loan Co Cleveland Ohio 1000000 Euclid Ave Trust Co Cleveland Ohio 1000000 total 229690 11 Total cash items 239317 15 14 Amount of premium notes upon which policies have been issued 2719 4436 ComptrollerGenerals Eeport 15 Interest due and accrued on bonds not included in mar ket value uncollected 8945 41 16 Interest due and accrued on collateral loans and un collected 9658 91 17 Cash in hands of agents and in course of transmission 249054 62 All other assets both real and personal 2661 97 Total assets of the company actual market value 2717477 10 IIILiabilities 1 Losses due and unpaid 31973 73 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 62373 50 3 Losses resisted including interest costs and other expenses thereon 25633 50 4 Total gross amount of claims for losses 119980 73 5 Deduct reinsurance thereon 24906 77 6 Net amount of unpaid losses 95073 96 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 927024 00 Unearned premiums fifty per cent 463512 00 8 Gross premiums without any deduction received and receivable upon all vmex pired fire risks running more than one year from date of policy 2077203 00 Unearned premiums pro rata 1111926 45 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Unpaid reinsurance premiums Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 1575438 45 15650 00 19697 39 1705859 80 500000 00 511617 30 24 Aggregate amount of all liabilities including capital paid up and net surplus 2717477 10ComptrollerGexekais Eeport 61 IVIncome During the Year J Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 238839 28 3 Net collected 258839 28 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2230177 00 5 Total 2489016 28 6 Deduct premiums and bills in course of collection at this date 249054 62 7 Entire premiums collected during the year 2239961 66 8 Deduct reinsurance and return premiums 735458 14 9 Net cash actually received for premiums carried out 1504503 52 10 Received for interest on bonds and mortgages 36670 98 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 74561 58 12 Income received from all other sources omitting increase if any in value of securities viz Rents 22100 accounts previously written off 262556 profits on sale of stocks 31395 total 3160 51 15 Aggregate amount of income actually received during the year in cash 1618896 59 VExpenditures During the Year 1 Gross amount actually paid for losses including 13900473 losses occurring in previous years 801862 62 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 867152 and all amounts actually received for reinsur ance in other companies 22332359 total deductions 231995 11 Net amount paid during the year for losses 569867 51 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 330897 14 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 106140 99 8 Paid for State National and local taxes in this and other States 60098 0738 ComptrollerGenerals Eeport 9 All other payments and expenditures viz Adjustment of loans real estate expenses board taxes advertising general and agency expense and sundries 165261 11 Aggregate amount of actual expenditures during the year in cash 1282254 82 Business in the State of Georgia during the year Fire risks written li704300 00 Premiums received gross 26 520 00 Losses Paid 9489 00 Losses incurred 6 649 0Q ALLIANCE INSURANCE COMPANY PHILADELPHIA PA Charles Platt President Henry W Farnum Secretary Home Office 233 Walnut Street Philadelphia Pa Edward S Gay Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year i J00 733 87 4 Extended at j g IIIncome Fire Marine Inland 5 Gross premiums 815952 66 158153 23 6 Deduct reinsurance rebate abatement and return premiums 95279 05 9839 44 7 Total premiums other than perpetual 620673 61 148313 79 Carried out A s t 768987 40 8 Deposit premiums written on perpetual risks gross 2 259 50 11 Gross interest on bonds and dividends on Stocks 39483 53 1L Gross interest on deposits 2 046 31 15 Total gross interest and rents 41 529 84 17 Gross increase in book value of ledger assets vizBonds h8 6ComptrollerGenerals Report 39 From all other sources give items and amounts viz perpetual premiums earned permits and transfer fees 2312 cash received from stockholders being amount in process of collection on Dec 31 1906 assessment on stock 356208 3585 20 28 Total income 816510 00 IIIDi sbursements Fire Marine Inland 1 Gross amount paid policy holders for losses 2 Deduct amount received for salvage 140361 ma rine and for reinsurance in other companies 47 72760 fire 536198 ma rine 329453 56 68297 96 47727 60 6765 59 3 4 5 9 10 11 12 13 14 15 16 18 19 20 21 24 25 26 27 30 Net amount paid policy holders for losses 281725 96 6153237 Expenses of adjustment and settlement of losses Deposit premiums returned Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 579385 and expenses 174513 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 68182 printing and stationery 376471 Postage telegrams telephone and express Legal expenses Maps including corrections Underwriters boards and tariff associations Fire department fire patrol and salvage corps assess ments fees taxes and expenses Inspections and surveys State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes viz Pennsylvania Tax on capital stock 65223 municipal licenses 55826 Gross loss on sale or maturity of ledger assets viz Bonds Miscellaneous disbursements 343258 33 785 33 281 25 157598 25 9334 98 7538 98 15671 20 3700 30 4446 53 1571 54 817 11 324 54 5784 94 1219 58 2004 81 7916 79 1570 00 1210 49 705 78 4592 17 40 Total disbursements 570332 90 41 Balance 1346911 5240 ComptrollerGeneral s Report IVLedger Assets 4 Book value of bonds excluding interest 1177462 50 5 Cash in companys office 191 51 7 Deposited in trust companies and banks on interest 85707 91 8 Agents balances representing business written subsequent to October 1 1907 82393 93 10 Bills receivable taken for marine and inland risks 1153 67 16 Total ledger assets 2 34c 041 go NonLedger Assets 18 Interest due and accrued on Bonds 6 739 52 22 Ttal 6739 52 25 Other nonledger assets viz Reinsurance due 7000 00 28 Grossassets i360631 04 Deduct Assets Not Admitted 35 Book value of ledger assets over market value on Dec 31 1907 viz Bonds 105502 02 38 Total 105502 02 39 Total admitted assets 1 ggg g qo VLiabilities 1 Gross losses adjusted and unpaid not yet due 10525 00 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses fire 5171400 marine 3573000 87444 00 3 Gross claims for losses resisted 100 00 4 Total 98069 00 5 Deduct reinsurance due or accrued 121600 and salvage 69000 lr906 00 6 Net amount of unpaid losses and claims 96 163 00 7 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire jisks running one year or less fromComptbolleeGenebals Eeport 41 date of policy including interest pre miums on perpetual fire risks 460 53599 unearned premiums fifty per cent 230268 00 8 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 29169893 un earned premiums pro rata 183012 90 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 2894140 unearned premiums 100 per cent 2894140 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 4358972 unearned premiums 100 per cent 43589 72 12 Total unearned premiums as computed above 485812 02 13 Amount reclaimable by the insured on perpetual fire insurance policies being 90 per cent of the premium or deposit received 7729 96 27 Total amount of all liabilities except capital 589704 98 28 Capital actually paid up in cash 500000 00 29 Surplus over liabilities 165444 04 30 Surplus as regards policyholders 665444 04 31 Total liabilities 1255149 02 VIRisks and Premiums Business in the State of Georgia During the Year Fire risks written Gross premiums received Losses paid Losses incurred 867465 00 15306 64 9343 35 7551 3642 ComptrollebGenebals Report american central fire insurance co st louis mo Edward T Campbell VicePresident John H Adams Secretary Principal Office 816 Olive St St Louis Mo W P Pattillo Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 2000000 00 2 Amount paid up in cash 2000000 00 Carried out 2000000 00 IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3680635 00 11 Total amount loaned on stocks bonds and all other securities except mortgages 763000 00 12 Cash in companys principal office 33164 43 13 Cash belonging to the company deposited in bank National Bank of Commerce St Louis 9974802 Third National Bank St Louis 5225608 National Bank of Commerce N Y 1320799 First National Bank Los Vegas N M 10000 total 175212 09 Total cash items 208 376 5 17 Cash in hands of agents and in course of transmission 456 064 09 Total assets of the company actual cash market value 5108025 61 IIILiabilities 1 Losses due and unpaid 49 5go 23 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 228657 65 3 Losses resisted including interest costs and other expenses thereon 6 150 00 4 Total gross amount of claims for losses 284 387 88 5 Deduct reinsurance thereon 112 289 01 6 Net amount of unpaid losses 172 098 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 1445607 84 Unearned premiums fifty per cent as per schedule 722803 92CompteolleeGenebal s Eepoet 43 8 Gross premiums without any deduction received and recivable upon all unex pired fire risks running more than one year from date of policy 2368203 99 Unearned premiums pro rata as per schedule 1313132 03 11 Total unearned premiums as computed above carried out 2035936 55 15 Dividends declared and remaining unpaid or uncalled for 710 8 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz contingent due agents 68402 1 20 Total amount of all liabilities except capital stock scrip and net surplus 2277148 51 21 Joint stock capital actually paid up in cash 2000000 00 23 Surplus beyond capital and all other liabilities 830877 10 24 Aggregate amount of all liabilities including capital paid up and net surplus 5108025 61 IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 415774 05 3 Net collected 415774 05 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3510750 60 5 Total 3926524 65 6 Deduct premiums and bills in course of collection at this date 456014 09 7 Entire premiums collected during the year 3470510 56 S Deduct reinsurance and return premiums 1143255 65 9 Net cash actually received for premiums carried out 2327254 91 10 Received for interest on bonds and mortgages 45 00 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 349974 87 12 Income received from all other sources omitting increase if any in value of securities viz Dividend check withheld unable to locate person 710 98 15 Aggregate amount of income actually received during the vear in cash 2677985 u644 ComptrollerGeneral s Report VExpenditures During the Year 1 Gross amount actually paid for losses in eluding 16590571 losses occurring in previous years 1465041 40 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 507408 and all amounts actually received for reinsur ance in other companies 29578688 To tal deductions 30086096 Net amount paid during the year for losses 1 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz rents 8000 P E E Tel 2089136 advertising 73074 gen eral 23091487 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 164180 44 240000 00 429171 15 118197 39 59698 25 260536 97 22717s1 90 549141 00 42211 14 16035 94 16658 09 AMERICAN FIEE INSURANCE COMPANY OF NEWARK N J P L Hoadley President Tas H Worden Secretary Principal Office 70 Park Place Newark N J Olin L Pattillo Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 750000 00 750000 00 2 Amount paid up in Cash 750 000 0o IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 476 170 00ComptrollerGenerals Report 45 2 Loans on bond and mortgage duly recorded and being liens on the fee simple 1183855 75 3 Interest due on all said bond and mortgage loans 151419 interest aeeured thereon 12223 73 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1249440 00 5 Value of buildings mortgaged insured for 160344000 as collateral 1801925 00 6 Total value of said mortgaged premises 3051365 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4343355 00 12 Cash in companys principal office 317 98 13 Cash belonging to the company deposited in bank Essex County Natl Bank 238390 94 National Newark Banking Co 212742 35 Total cash items 451451 27 15 Interest due and accrued on stocks not included in mar ket value uncollected 61424 24 17 Cash in hands of agents and in course of transmission 390677 35 18 Bill receivable not matured taken for fire marine and inland risks not past due 309933 31 All other assets both real and personal viz Eents due and accrued 133 33 Total assets of the company actual cash market value 7230738 17 IIILiabilities 2 Gross Losses in process of adjustment or in suspense including all reported and supposed losses 429816 22 3 Losses resisted including interest costs and other expenses thereon 11150 00 4 Total gross amount of claims for losses 440966 22 5 Deduct reinsurance thereon 22447 62 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all rni expired fire risks running one year or less from date of policy 156785286 unearned premiums 783926 43 418518 6046 ComptrollerGenebais Report Gross premiums without any deduction received and receivable upon all un expired fire risks running more than one year from date of policy 633248089 unearned premiums 3 503 904 32 11 Total unearned premiums as computed above carried out 14 Amount of dividends declared but not yet due 15 Dividends declared and remaining unpaid or uncalled for 16 Cash dividends to stockholders remaining unpaid 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission Brokerage and other things due or to become due to agents and brokers 4307850 75 37500 00 122 00 702 11 114429 92 21 23 Total 4879123 38 Joint stock capital actually paid up in cash 750000 00 Surplus beyond capital and all other liabilities 1601614 79 Aggregate amount of all liabilities including capital paid up and net surplus j 230 730 1 j IVIncome During the Year Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 638184 74 Net collected 638184 74 Gross premiums on risks written and re newed during the year 4970705 24 5608889 98 Total Deduct premiums and bills in course of col lection at this date 739 590 21 Entire premiums collected during the year 4869199 77 Deduct reinsurance and return premiums 960793 55 9 Net cash actually received for premiums 3908406 22 10 Received for interest on bonds and mortgages 11 Received for interest 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 1167299 profit onsale of real estate 519500 profit onsale of bonds 37500 premium on new stock issue 300 95 00 Total 13 Received for calls on capital 3908 44 406 22 204 4 151834 45 317 150 537 19 000 00 15 Aggregate amount of income actually received during the year in cash 4571982 70ComptrollerGeneral s Report 47 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 21804861 losses occurring in previous years 1567548 39 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 4772994 and all amounts actually received for reinsur ance in other companies 14348127 total deductions 191211 21 Net amount paid during the year for losses 1376337 1 4 Cash dividends actually paid stockhold ers amount of stockholders dividends declared during the year 10950000 95963 48 Cash dividends actually paid policyhold ers amount of policyholders dividends declared during the year 11800 105 00 96068 48 6 Paid for commissions or brokerage 1138677 03 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 136616 67 8 Paid for State National and local taxes in this and other States 92477 99 9 All other payments and expenditures viz repairs and ex penses on real estate 40780 taxes on real estate 5 49767 loss on sale of real estate stocks 95775 sta tionery postage special agents expressage rents maps etc 22036391 Total 227227 13 Aggregate amount of actual expenditures during the year in cash 3067404 48 Business in the State of Georgia During the Year Fire marine and inland risks written 973967 00 Premiums received gross 15701 09 Losses paid 13011 26 Losses incurred 11387 1 ComptrollerGenerals Eeport ATHENS MUTUAL INSURANCE COMPANY OP ATHENS GA M Stem President E B Dix011 Secretary Principal Office 224 Clayton St Athens Ga 1Capital Purely Mutual 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11507 50 12 Cash in Companys principal office 131 81 13 Cash belonging to the company deposited in bank Bishop Banking Company 100 74 Athens Savings Bank 9 082 61 Total cash items q nj fi 14 Amount of premium notes upon which policies have been T issued 134 00 15 Interest due and accured on stocks not included in mar ket value uneolleeted 185 00 16 Interest due and accured on collateral loans and un eolleeted SQ 14 17 Cash in hands of agents and in course of transmission 10106 95 18 Bill receivable not matured taken for fire marine and inland risks cn 169a 31 All other assets both real and personal viz Office furniture fixtures and supplies 1 084 50 Sundry accounts 70o fi Total assets of the company actual cash market value 34821 77 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 2 075 72 3 Losses resisted including interest costs and other expenses thereon 2 150 00 4 Total gross amount of claims for losses 4 225 72 11 Total Unearned premiums as computed above 29206 62 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 33 432 34 23 Surplus beyond capital and all other liabilities i389 43 24 Aggregate amount of all liabilities including capital paid up and net surplus ComptrollerGen ekals Report 49 Amount of unearned premiums repre sented by installment notestoeing the whole amount of such notes 1695 31 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 11277 14 3 Net collected 11277 14 4 Gross premiums on risks written and re newed during the year 43905 01 Total 55182 15 6 Deduct premiums and bills in course of collection at this date 10381 40 7 Entire premiums collected during the year 44800 75 8 Deduct reinsurance and return premiums 8667 44 9 Net cash actually received for premiums carried out 36133 31 36133 31 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 466 50 12 Income received from all other sources 83 58 15 Aggregate amount of income actually received during the year in cash 36683 39 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 209192 losses occurring in pre vious years 12164 31 Net amount paid during the year for losses 12164 31 4 Cash dividends actually paid policyholders 2994 31 6 Paid for commissions or brokerage 5828 55 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 6282 15 8 Paid for State National and local taxes in this and other States 1020 15 9 All other payments and expenditures viz profit and loss account 245 90 Aggregate amount of actual expenditures during the year in cash 28535 38 Business in the State of Georgia During the Year Fire risks written 1962146 00 Premiums received gross 43905 01 4cg50 CoMPTROLLERGrENEKAls REPORT Losses paid Losses incurred 12164 31 13548 11 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Joel Hurt President w D DENE Secretary Principal Office 223229 Equitable Bldg Atlanta Ga 1Capital 1 Whole amount of capital stock 200 000 00 2 Amount paid up in cash 200000 00 IIAssets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 102 550 00 3 Interest due on all said bond and mort gage loans none interest accured thereon 275340 Total 2753 40 4 Value of lands mortgaged exclusive of buildings and perishable improvements 178000 00 5 Value of buildings mortgaged insured for 20500 as collateral 37 000 00 6 Total value of said mortgaged premises 215000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 235547 50 11 Total amount loaned on stocks bonds and all other se curities except mortgages 60340 25 12 Cash in companys principal office 10 94 13 Cash belonging to the company deposited in bank Lowry National Bank 860660 Atlanta National Bank 126052 total 9878 06 Total cash item 9878 06 15 Interest due and accured on stocks not included in mar ket value uncollected 863 50 16 Interest due and accured on collateral loans and uncollected and bonds and mortgages 3 960 49 17 Cash in hands of agents and in course of transmission 3L586 37 All other assets both real and personal viz office fur Uitule 1500 00 Total assets of the company actual cash market value 446232 17ComptrollerGenerals Report 51 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 5783 00 3 Losses resisted including interest costs and other expenses thereon 3550 00 4 Total gross amount of claims for losses 9333 00 5 Deduct reinsurance thereon 341 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 10648386 unearned premiums fifty per cent 53241 98 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 6895994 unearned premiums 37851 02 31 Total unearned premiums as computed above 14 Amount of dividends declared but not yet due 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Guarantee retained on purchase of bonds 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint Stock capital actually paid up in cash 23 Surplus beyond capital and all other liabalities 24 Aggregate amount of all liabilities including capital paid up and net surplus 8992 00 91092 10 7000 00 180 00 107264 10 200000 00 138963 07 446252 17 IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 22914 68 4 Gross premiums on risks written and renewed during the year as shown in risk and premium exhibit 190571 07 5 Total 213485 75 6 Deduct premiums and bills in course of collection at this date 31586 3752 ComptrollerGenerals Beport 7 Entire premiums collected during the year 181899 38 8 Deduct reinsurance and return premiums 44224 84 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 12 Income received from all other sources omitting increase if any in value of securities viz profit on sale Trust Co of Georgia stock 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in eluding 375500 losses occurring in pre vious years 34995 01 2 Deduct all amounts actually received for Salvages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies total deductions 284 62 Net amount paid during the year for losses 34710 39 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 expenditures 923520 profit and loss decrease in value of securi ties 684810 total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Ye Fire risks written Premiums received gross Losses paid Losses incurred 137674 54 17900 03 3210 00 158784 57 34710 39 27264 89 10518 27 4897 07 16083 30 93473 92 34800 79 59697 88 16094 79 16329 79ComptrollerGenerals Report ATLAS ASSURANCE CO LTD OF LONDON ENGLAND Frank Lock V S Manager Principal Office 100 William St New York Cliff C Hatcher Attorney for Service in Georgia 53 1Capital 1 Whole amount of capital stock 11000000 00 2 Amount paid up in cash 1320000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon as specified in schedule A hereunto annexed 85000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1503650 00 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank Canadian Bank of Commerce San Francisco 617019 First National Bank Chicago 377885 Manhattan Trust Co New York 14852579 Mer chants National Bank New York 7 96732 3316 24 166442 15 Total cash items 15 Interest due and accured on stocks not included in mar ket value uncollected 17 Gross premiums as written in policies in course of col lection on policies written within three months All other assets both real and personal viz Rents due and accrued 169758 39 17417 09 299952 21 5435 88 Total assets of the company actual cash market value 2081213 57 IIILiabilities 1 Losses due and unpaid 8949 49 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 93632 62 3 Losses resisted including interest costs and other expenses thereon 2100 00 4 Total gross amount of claims for losses 104682 11 5 Deduct reinsurance thereon 4839 5554 ComptbolleeGexebals Repoet 6 Net amount of unpaid losses d 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 573628 79 Unearned premiums fifty per cent 718 831 53 99842 56 11 Total unearned premiums as computed above carried out 1292460 32 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz State County or other taxes and assessments esti mated 2000000 commissions brokerage and other charges due and to become due on premiums in course of collection 5999044 reinsurance 624468 86 235 12 20 Total amount of all liabilities except capital stock scrip and net surplus 1 g QQ ti hurplus beyond capital and all other liabilities 602 675 57 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by thayears statement 265044 80 2081213 57 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 82 50 264962 30 2097845 66 2362807 96 collection at this date 305768 77 7 Entire premiums collected during the year 2057039 19 8 Deduct reinsurance and return premiums 464045 93 9 Net cash actually received for premiums carried out 590 993 6 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 60 851 87 12 Income received from all other sources omitting in crease if any in value of securities viz rents 2445 33 15 Aggregate amount of income actually received during the year m cash 1656290 46CoMPTROLLERGtENERALs REPORT 55 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 9820859 losses occurring in previous years 796107 37 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 474409 and all amounts actually received for reinsur ance in other companies 9722709 To tal deductions 101971 18 Net amount paid during the year for losses 694136 19 6 Paid for commissions or brokerage 319639 03 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 119392 55 8 Paid for State national and local taxes in this and other States 40865 77 9 All other payments and expenditures viz rent 1490741 advertising printing and stationery 1274086 local boards 2809173 traveling 2585736 maps 445123 Miscellaneous 3360323 total 119651 82 Aggregate amount of actual expenditures during the year in cash 22460003 Business in the State of Georgia During the Year Fire risks written 1853285 00 Premiums received gross 31764 40 Losses paid 21789 29 Losses incurred 17320 9 BOSTON FIRE INSURANCE OF BOSTON Ranson B Fuller President Thomas H Lord Secretary Principal Office 137 Milk St Boston Mass Wm L Wilson Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 1000000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 48000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1268100 0056 ComptrollerGenerals Report 3 Interest due on all said bond and mortgage loans 696518 interest accrued thereon 281240 total 6 Total value of said mortgaged premises carried inside 26263 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total amount loaned on stocks and bonds and all other securities except mortgages 12 Cash in companys principal office 5 309 51 13 Cash belonging to the company deposited inbank 407019 79 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected IS Bill receivable not matured taken for fire marine and inland risks All other assets both real and personal viz j Due from other companies for reinsurance on losses al ready paid Atlantic Mutual Script 19000 deposited with fire boards 20000 Agents balances business written subsequent to October 1 1907 9777 5S 2783251 50 148600 00 412329 30 7844 16 169 SI 62182 83 414 74 390 00 370601 85 Total assets of the company actual cash market value IIILiabilities 1 Losses due and unpaid g 339 4q 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 357 901 10 3 Losses resisted including interest costs and other expenses thereon 22 594 31 5111661 27 4 Total gross amount of claims for losses 388834 83 5 Deduct reinsurance thereon 51 193 64 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 64117155 unearned premiums fifty per cent 320585 77 337641 19COMPTROLLERGrENERAL s REPORT 57 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 97817062 unearned premiums pro rata 553825 35 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 84663123 423315 61 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 28895 60 11 Total unearned premiums as computed above carried out 1326622 33 17 Due and accured for salaries rents advertising and for agency and other miscellaneous expenses 67178 12 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz contingent salvage 2977 50 Reinsurance premiums 5482 16 20 Total amount of all liabilities except capital stock and net surplus 1739901 30 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all liabilities 2371759 97 24 Aggregate amount of all liabilities including capital paid up and net surplus 5111661 27 IVIncome During the Year Marine and Fire Inland 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 154355 50 181233 01 4 Gross premiurns on risks written and renewed dur ing the year 1602084 92 1706487 21 5 Total 1756440 42 1887720 22 6 Deduct premiums and bills in course of collection at this date 198378 35 188939 50 7 Entire premiums collected during the year 1558062 07 1698780 7258 ComptrollerGenerals Report 8 Deduct reinsurance and return premiums 597858 30 309133 90 9 Net cash actually received for premiums 960203 77 1389646 82 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 346030 profit on sale or maturity of ledger assets 1650306 refund of bank tax 662867 profit on H O agency 1115824 2349850 59 56514 38 138380 52 37750 27 15 Aggregate amount of income actually received during the year in cash2582495 76 VExpenditures During the Year Fire Marine and Inland 1 Gross amount actually paid for losses including 22709296 losses occur ring in previous years 596833 14 899006 65 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 6180308 and all amounts actually received for rein surance in other com panies 27380248 total deductions 137677 04 197928 52 Net amount paid during the year for losses 459156 10 701078 13 1160234 23 Expenses of adjustment and settlement of losses 11409 61 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 200000 00 6 Paid for commissions or brokerage 470447 89 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 173558 61 8 Paid for State national and local taxes in this and other States 42732 09 9 All other payments and expenditures viz rents legal ex penses furniture and fixtures maps inspections and sur veys real estate repairs and expenses miscellaneous ex penses total 89692 37 Aggregate amount of actual expenditures during the year in cash 2148074 80ComptrollerGenerals Eepoet 59 Business in the State of Georgia During the Year Fire risks written 350439 00 Premiums received gross 5891 53 Losses paid 2069 86 Losses incurred 1888 S6 BLUE RIDGE FIRE INSURANCE COMPANY OF MARIANNA FLA John H Carter President H P Mulkey Secretary Marianna Fla Principal Office Win A Wright Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 110000 00 110000 0O IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 13 Cash belonging to the company deposited in bank Certificate of deposit North Georgia Trust Company 10000 00 In North Georgia National Bank subject to check 18840 00 Total cash items 1 Total assets of the company actual cash market value 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 12000 00 95480 00 28840 00 136320 00 110000 00 26320 00 24 Aggregate amount of all liabilities including capital paid up and net surplus 136320 00 IVIncome During the Year No Business Done Yet60 ComptrollerGeneral s Report BRITISH AMERICA ASSURANCE COMPANY OF TORONTO CANADA Hon Geo A Cox President P H Sims Secretary Principal Office 18 and 20 Front St East Geo J Dexter Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of deposit capital 205000 00 IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1306171 20 Total cash items 09179 05 13 Cash belonging to the company deposited in bank Can adian Bank Commerce New York 69171 05 15 Interest due and accrued on stocks not included in mar ket value uncollected 19697 89 17 Cash in hands of agents and in course of transmission 179009 07 All other assets both real and personal 250 99 Total assets of the company actual cash market value 1574057 21 IIILiabilities 1 Losses due and unpaid 14129 58 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 98034 94 3 Losses resisted including interest costs and other expenses thereon 4463 48 4 Total gross amount of claims for losses H6 628 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 95881782 un earned premiums fifty per cent 479408 91 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 94356796 un earned premiums pro rata 478118 15 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 857064 4285 32ComptrollerGenerals Eeport 61 10 Gross premiums without and deduction received and receivable on all unex pired marine risks 740900 3704 50 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 Accrued taxes 1242359 commissions due agents 4648780 total 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 965516 88 58911 39 1141056 27 433000 94 Fire 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 207918 25 3 Net collected 207918 25 4 Gross premiums on risks written and renewed dur ing the year 1746064 37 Marine and Inland 5 Total 1953982 62 6 Deduct premiums and bills in course of collection at this date 156218 77 3766 30 3766 30 56061 04 59827 34 22790 30 7 Entire premiums collected during the year 1797763 85 37037 04 8 Deduct reinsurance and re turn premiums 456075 42 2772 97 9 Net cash actually received for premiums 1341688 43 34264 07 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 profit and loss 14 American branches of foreign companies will please re port amount of remittances from home office during the year 1375952 50 57333 81 25 34 73112 5562 ComptboleebGenebals Bepobt 15 Aggregate amount of income actually received during the year in cash 1506424 20 VExpenditures During the Year Fire Marine and Inland 1 Gross amount actually paid for losses including 99 16297 losses occurring in previous years 932298 51 173864 50 2 Deduct all amounts act ually received for sal vages whether on losses of the last or of previous year 601866 and all amounts actually received for reinsurance in other companies 17911568 total deductions 107469 12 77665 22 Net amount paid during the year for losses 824829 39 96199 28 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 Total Aggregate amount of actual expenditures during the 921028 67 259852 21 64798 96 42720 30 180420 45 year in Cash 1468820 59 Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid Losses incurred 1396492 00 23657 22 11821 30 14760 12 CALEDONIAN FIRE INSURANCE COMPANY OF SCOTLAND Chas H Post United States Mgr R C Christopher Asst Mgr Principal Office in U S 50 and 52 Pine St New York City C S Mathews Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 2 Amount paid up in cash 2687500 00 537500 00ComptrollerGenerals Report 63 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 525000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1068750 00 12 Cash in companys principal office 1541 39 13 Cash belonging to the company de posited in bank American Exchange National Bank Ney York City 127 93076 Bank of British North America San Francisco 96706 128987 82 Total cash items 130439 21 15 Interest due and accrued on stocks not included in mar ket value uncollected 7695 81 17 Cash in hands of agents and in course of transmission 125193 93 18 Bill receivable not matured taken for fire marine and inland risks 56 82 All other assets both real and personal as per schedule attached viz Due from other companies for reinsur ance on losses already paid 893 72 Total assets of the company actual cash market value 1858029 49 IIILiabilities 1 Losses due and unpaid 56443 76 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 107330 53 3 Losses resisted including interest costs and other expenses thereon 16301 93 4 Total gross amount of claims for losses 180076 22 5 Deduct reinsurance thereon 21202 85 6 Net amount of unpaid losses 158873 37 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 94122616 un earned premiums fifty per cent 470613 08 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 134717094 unearned premiums pro rata 728083 9264 ComptrollerGenerals Report 11 Total unearned premiums as computed above carried out 1198697 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance unpaid 1708896 reserved for contingency 1000000 27088 96 20 Total amount of all liabilities except capital stock scrip and net surplus 1384659 33 23 Surplus beyond capital and all other liabilities 473370 16 24 Aggregate amount of all liabilities including capital paid up and net surplus 1858029 19 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1916359 30 8 Deduct reinsurance and return premiums 522430 76 9 Net cash actually received for premiums carried out 1393928 54 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 47556 80 12 Income received from all other sources omitting increase if any in volume of securities total 23083 67 15 Aggregate amount of income actually received during the year in cash 1464569 01 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 59687756 losses occurring in previous years 135466330 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 525250 and all amounts actually received for reinsur ance in other companies 46909903 To tal deductions 47435153 Net amount paid during the year for losses 880 311 77 6 Paid for commissions or brokerage 329 296 99 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 103 777 93 8 Paid for State national and local taxes in this and other States 38677 15 9 All other payments and expenditures 71 553 8 10 Amount sent to home office during the year 23747473ComptrollerGenerals Report 65 Aggregate amount of actual expenditures during the year in cash 1423622 52 Business in the State of Georgia During the Year Fire risks written 856667 00 Premiums received gross 14841 20 Losses paid 12359 57 Losses incurred 7081 16 CITIZENS FIRE INSURANCE COMPANY OF MISSOURI Geo L Chase President Thos H Scotland Secretary Principal Office Pierce Bldg St Louis Mo W R Prescott Atlanta Attorney for Service in Georgia LCapital 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 400 00 2 Loans on mortgage dulv recorded and being first liens on the fee simple 149240 000 3 Interest due on all said mortgage loans interest accrued thereon 2183 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 255000 00 5 Value of buildings mortgaged insured for 17885000 as collateral 193500 00 6 Total value of said mortgaged premises carried inside I 448500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4700 00 12 Cash in companys principal office 196 24 13 Cash belonging to the company deposited in bank National Bank Commerce St Louis 43992 60 Merchants Laclede National Bank St Louis 104182 Bankers Trust Co New York City 1334863 14390 45 Since deceased 5eg66 ComptrollerGenerals Report Wells Fargo Nevada National Bank San Francisco 159802 Lowry National Bank Atlanta Ga 1873505 2033307 Total cash items 15 Interest due and accrued on bonds not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission agents balances Total assets of the company actual cash market value 78912 36 6547 00 97737 8 746720 25 IIILiabilities 1 Losses adjusted and unpaid 26571 63 2 Gross Losses in process of adjustment or in suspense including all reported and supposed Losses 133927 99 3 Losses resisted including interest costs and other expenses thereon 23779 00 4 Total gross amount of claims for losses 184278 62 5 Deduct reinsurance thereon 142110 95 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unexpir ed fire risks running one year or less from date of policy 32722200 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 37153600 uunearned premiums pro rata 42167 67 163611 00 197313 16 11 Total unearned premiums as computed above carried out 360924 16 20 Total amount of all liabilities except capital stock scrip and net surplus 403091 83 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 143628 42 24 Aggregate amount of all liabilities including capital paid up and net surplus 746720 25ComptrollerGenerals Eeport 67 IV Income During the Year Fire Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 126079 68 Net collected 126079 68 Gross premiums on risks written and renewed dur ing the year 2218435 75 Marine and Inland 298 35 Total 2344515 43 Deduct premiums and bills in course of collection at this date 125311 02 298 35 Entire premiums collected during the year Cash 221950276 2219204 41 Deduct reinsurance and re turn premiums 1753865 81 298 35 208 84 10 11 15 Net cash actually received for premiums 465338 60 Received for interest on bonds and mortgages Received for interests from all other sources 89 51 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 2 Gross amount actually paid for losses in cluding 15008182 losses occurring in previous years 985241 90 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 971434 and all amounts actually received for reinsur ance in other companies 73669106 Total deductions 746405 40 465428 11 21859 33 1690 27 488977 71 Net amount paid during the year for losses 238836 50 6 Paid for commissions or brokerage 78200 42 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 39283 1868 ComptrollerGenerals Report 8 Paid for State National and local taxes in this and other States 15629 96 9 All other payments and expenditures viz Including profit and loss item agents balances 5878 41412 02 Aggregate amount of actual expenditures during the year in cash 413362 08 Business in the State of Georgia During the Year Fire risks written 8957937 00 Premiums received gross 67755 43 Losses paid 51281 97 Losses incurred 49441 55 COMMERCIAL UNION ASSURANCE CO Ltd OF LONDON A H Wray United States Manager Principal office in United States corner Pine and William Streets New York City Jacob Haas Atlanta Attorney for Service in Georgia IIAssets 1 Market value of real estate owned by the company less the amount of ineumbrances thereon 888000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 23000 00 3 Interest due on all said bond and mortgage loans and interest accrued thereon 56 25 4 Value of lands mortgaged exclusive of buildings and perishable improvements 14000 00 5 Value of buildings mortgaged insured for 30800 as collateral 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 5507278 S3 12 Cash in companys principal office 965 05 13 Cash belonging to the company deposited in bank Morton Trust Co New York 4149626 National Bank of Commerce New York 17929307 American Ex change National Bank New YorkComptrollerGenerals Report 69 5842262 AngloCalifornia Bank San Francisco 94658472 First National Bank Chicago 225854 First National Bank Denver 18581 376315 02 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission 18 Bill receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Rents due and accrued 1114260 due from other companies for reinsurance on losses already paid 559133 total 377280 07 65922 66 668452 91 10390 47 16733 93 Total assets of the company actual cash market value 6646058 87 IIILiabilities 1 Losses due and unpaid 10445941 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 351998 00 3 Losses resisted including interest cost and other expenses thereon 817798 57 4 Total gross amount of claims for losses 1274255 98 5 Deduct reinsurance thereon 103483 88 6 Net amount of unpaid losses 170772 10 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 251961236 un earned premiums fifty per cent 1259806 18 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 4124472 unearned premiums pro rata 1996138 05 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 12471741 62358 70 10 Gross premiums without any deduction received and receivable on all unexpired marine risks 61593 28 11 Total unearned premiums as computed above carried out 3379896 2170 ComptrollerGenerals Report 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 101702 13 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes 49500 Return Premiums 1377389 Reinsurance 4356036 106834 25 20 Total amount of all liabilities except capital stock scrip and net surplus 4759204 69 23 Surplus beyond capital and all other liabilities 1886 854 18 24 Aggregate amount of all liabilities including capital paid up and net surplus 6646058 87 IVIncome During the Year Fire Marine and Inland 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 730226 10 17438 69 3 Net collected 730226 10 17438 69 4 Gross premiums on risks written and renewed dur ing the year as shown in risk and premium exhibit 4829074 37 5 Total 5559300 47 6 Deduct premiums and bills in course of collection at this date 767391 07 7 Entire premiums collected during the year 4791909 40 8 Deduct reinsurance and re turn premiums 1467705 30 9 Net cash actually received for premiums 3324204 10 Less deposit premiums re turned 5405 35 328749 30 346187 99 36486 84 309701 15 39899 05 269802 10 Total 3318789 75 269802 10 3588600 85 10 Received for interest on bonds and mortgages i 365 00ComptrollebGeneeals Kepoet 71 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 176491 76 12 Income received from all other sources omitting increase if any in value of securities viz Bents 65264 24 15 Aggregate amount of income actually received during the year in cash 3831721 85 VExpenditures During the Year Marine and Fire Inland 1 Gross amount actually paid for losses including 55205222 Losses occur ring in previous years 2237373 82 176091 09 2 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 3044626 and all amounts actually receiv ed for reinsurance in other companies 286 79150 Total deductions 277822 17 39415 59 Net amount paid during the year for losses 195955165 136675 50 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures viz National and local boards travel and surveys printing and sta tionery advertising exchange postage telegrams rents furniture and fixtures legal expenses maps sun dries reduction in book values total 0 American branches of foreign companies will please re port amount sent to home offices during the year 2096227 35 723620 44 187595 85 128812 04 327510 74 510662 61 Aggregate amount of actual expenditures during the year in cash 3974428 83 Business in the State of Georgia during the Year Fire risks written 7269797 00 Premiums received gross 110405 54 51496 51 Losses paid j 42920 51 Losses incurred 7l2 ComptrollerGenebals Eepobt THE CONTINENTAL INSURANCE COMPANY OF NEW YORK Henry Evans President JV E Lopez and E L Ballard Secretaries Principal Office 46 Cedar New York J L Riley Co Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIAssets 1 Market value of real estate owned by the company less amount of incumbrances thereon 1009000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 353700 00 3 Interest accrued on bonds and mortgage loans 3173 05 4 Value of lands mortgaged exclusive of buildings and perishable improvements 351800 00 5 Value of buildings mortgaged insured for 9992500 as collateral 72700 00 6 Total value of said mortgaged premises carried inside 424500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12834270 00 12 Cash in companys principal office 8212 69 13 Cash belonging to the company deposited in bank First National Bank New York 48897785 Central Trust Co 13350380 Brooklyn Trust Co New York 8214570 United States Mort gage and Trust Co New York 300332 Franklin Trust Company New York 3811230 Astor Trust Co New York 10231395 Mechanics National Bank 4058480 Nassau Trust Co New York 596296 Bankers Trust Co New York 10111876 First National Bank Chica go Ills 7128811 1067011 55 Total cash items 1075224 24 15 Interest due and accrued on stocks not included in mar ket value uncollected 136972 11 17 Oash in hands of agents and in course of transmission 896 516 16ComptkoixekGenebals Report 75 18 Bill receivable not matured taken for fire marine and inland risks 90596 5 Total assets of the company actual cash market value 16399452 10 HILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 368791 27 3 Losses resisted including interest costs and other expenses thereon 29170 00 4 Total gross amount of claims for losses 397961 27 5 Deduct reinsurance thereon 26913 22 6 Net amount of unpaid losses 371048 05 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 379944373 un earned premiums fifty per cent 1899721 87 8 Gross premiums without any deduction received and receivable on all unex pired fire risks running more than one year from date of policy 967107412 unearned premiums pro rata 5196555 28 11 Total unearned premiums as computed above carried out 7096277 15 19 All other demands against the company absolute and contingent due and to be come due admitted and contested viz Commissions and brokerage due or to be come due to agents and brokers 157794 13 Reinsurance premiums 20741 41 Taxes due or accrued and reserve for all other claims and contingencies 250000 00 I Total 428535 54 20 Total amount of all liabilities except capital stock scrip and net surplus 7895860 74 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 7503591 36 24 Aggregate amount of all liabilities including capital paid up and net surplus 16399452 1074 ComptrollerGenerals Report 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 961451 40 2 Deduct amount of same not collected 19501 28 3 Net collected 941914 12 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 8014037 03 5 Total 8955951 15 6 Deduct premiums and bills in course of collection at this date 987112 70 7 Entire premiums collected during the year 7968838 45 8 Deduct reinsurance and return premiums 1295709 91 9 Net cash actually received for premiums carried out 6673128 54 6673128 54 10 Received for interest on bonds and mortgages 9 219 04 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 656783 05 12 Income received from all other sources omitting increase if any in value of securities viz Rents 22079 83 15 Aggregate amount of income actually received during the year in cash 7361210 46 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 36434412 losses occurring in previous years 3057046 63 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2810692 and all amounts actually received for reinsur ance in other companies 17841552 Total deductions 206522 44 Net amount paid during the year for Josses 2850524 19 Expenses of adjustment in settlement of losses 82410 75 Total 2932934 94ComptrollerGenerals Eeport 75 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 45000000 449775 00 5 Scrip or certificates of profits redeemed in cash and in terest paid to scripholders 160 18 6 Paid for commissions or brokerage 1466071 47 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 499996 49 8 Paid for State National and local taxes in this and other States 158663 24 9 All other payments and expenditures viz Rents 2060142 advertising printing and stationery 6342179 postage telegrams telephone and express 6072575 legal expenses 99571 miscellaneous 13155424 Total 277298 91 Aggregate amount of actual expenditures during the year in cash 5784900 23 Business in the State of Georgia During the Year Fire risks writtten 9001355 00 Premiums received gross 167768 21 Losses paid 74735 58 Losses incurred 69014 39 THE COSMOPOLITAN FIRE INSURANCE COMPANY OF NEW YORK J S Bache President William Wood Secretary Principal Office 95 William Street New York S C Williams Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital 300000 00 2 Amount paid up in cash 300000 00 IIAssets 13 Cash belonging to the company deposited in National Bank of Commerce Total cash items 38570 26 17 Cash in hands of agents and in course of transmission 110573 53 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 2530 91 Accrued interest 6433 68 Total assets of the company actual cash market value 827833 3876 ComptrollerGenerals Report IIILiabilities 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 27520 45 39162 00 3830 00 70512 45 3116 65 6 Net amount of unpaid losses 67395 80 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 56728469 un earned premiums fifty per cent 283883 11 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy unearned premiums pro rata 130273 21 11 Total unearned premiums as computed above carried out 414156 32 20 Total amount of all liabilities except capital stock scrip and net surplus 481552 12 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 46281 26 24 Aggregate amount of all liabilities including capital paid up and net surplus 827833 38 IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 81206 72 3 Net collected 81206 72 4 Gross premiums on risks written and re newed during the year 099997 1 5 Total 1181203 85 6 Deduct premiums and bills in course of collection at this date 110523 53 7 Entire premiums collected during the year 1070680 32 8 Deduct reinsurance and return premiums 396830 49ComptrollerGenerals Report 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 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 3969216 losses occurring in previous years 331868 87 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 139709 and all amounts actually received for reinsur ance in other companies 1591067 To tal deductions 17307 76 77 673849 83 26690 79 700540 62 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 State 9 All other payments and expenditures 10 American branches of foreign companies will please report amount sent to home office during the year 314561 11 264983 90 8628 80 18769 69 13010 38 619953 88 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 619953 88 410 365 00 6442 49 883 71 1283 71 CONNECTICUT FIRE INSURANCE COMPANY OF HARTFORD J D Browne President W T Howe Secretary Principal Office 51 Prospect St Hartford Conn J L Riley Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paidup in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 5158296 67 4 Extended at 5158296 6778 ComptrollerGeneral s Keport IIIncome 5 Gross premiums 6 Deduct reinsurance rebate and return premiums abatement 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits 13 Gross interest from all other sources 14 Gross rents from companys property in cluding 10000 for companys occupancy of its own buildings 4802811 51 1036372 27 3766439 24 46914 09 100 00 147625 68 4431 65 1193 03 12672 88 3766439 24 15 Total gross interest and rents 212937 33 16 Gross profit on sale or maturity of ledger assets viz real estate 173210 other assets agents balances recovered in 1907 previously charged to profit and loss 36797 2100 07 28 Total income 3981476 64 IIIDisbursements 1 Gross amount paid polioyholders for losses including 30024853 occurring in previous years 1931856 46 2 Deduct amount received for salvage 9 11346 and for reinsurance in other companies 21414367 223 257 13 3 Net amount paid policyholders for losses 1708599 33 4 Expenses of adjustment and settlement of losses 6 Paid stockholders for interest or dividends amount de clared during the year 9 Commissions or brokerage 10 Allowance to local agencies for miscellaneous agency expenses 11 Salaries 7753596 and expenses 4258865 of special and general agents 12 Salaries fees and all other charges of officers directors trustees and home office employes 13 Eents including 10000 for companys occupancy of its own buildings 14 Advertising 1776380 printing and stationery etc 3499205 15 Postage telegrams telephone and express 1708599 33 26829 29 120000 00 825066 44 19414 30 120124 61 171658 63 27045 12 52755 85 17622 47ComptrollerGenerals Report 79 16 Legal expenses 8919 18 17 Furniture and fixtures 5639 75 18 Maps including corrections 9552 68 19 Underwriters boards and tariff associations 24953 25 20 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 29849 76 21 Inspections and surveys 13738 52 22 Repairs and expenses other than taxes on real estate 1643 12 23 Taxes on real estate 3078 0 24 State taxes on premiums 46407 05 25 Insurance department licenses and fees 17706 81 26 All other licenses fees and taxes viz Connecticut State tax on capital stock 2188800 municipal and county licenses and fees 576930 27657 30 27 Gross loss on sale or maturity of ledger assets viz Real estate 187 95 40 Total disbursements 3278449 81 41 Balance 5861323 50 IVLedger Assets 1 Book value of real estate unincumbered 258800 00 2 Mortgage loans on real estate first liens 982100 00 3 Loans secured by pledges of bonds stocks or other col laterals 76000 00 4 Book value of bonds excluding interest 362034893 and stocks 34116891 3961517 84 5 Cash in companys office 241 0 6 Deposited in trust companies and banks not on interest 11363 51 7 Deposited in trust companies and banks on interest 353264 51 8 Agents balances representing business written subse quent to October 1 1907 162789 63 9 Agents balances representing business written prior to October 1 1907 6765 12 11 Bills receivable taken for fire risks 48481 83 16 Total ledger assets 5861323 50 NonLedger Assets 25 Other nonledger assets viz Gross premiums excluding return premiums 40300 and reinsurance 34800 in course of collection December 31 not more than three months due 293200 00 26 Less commission brokerage and other expenses thereon 121300 00 80 ComptrollerGenerals Report 27 Net amount of premiums in course of collection not more than three months due 171900 00 28 Gross assets 6033223 50 Deduct Assets Not Admitted 32 Agents balances representing business written prior to October 1 1907 6765 12 33 Bills receivable past due taken for marine inland and fire risks 20906 68 35 Book value of ledger assets over market value viz Bonds and stocks 188127 84 38 Total 215799 64 39 Total admitted assets 5817423 86 VLiabilities 1 Gross losses adjusted and unpaid not yet due 9199297 91992 97 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 3 Gross claims for losses resisted 260849 59 54552 70 4 Total 407395 26 5 Deduct reinsurance due or accrued give list of companies and amounts 89122 88 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 2135 29928 unearned premiums fifty per cent 1067649 64 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 429704739 unearned premiums pro rata 2313107 59 318272 38 12 Total unearned premiums as computed above 3380757 23 27 Total amount of all liabilities except capital 3699029 61 28 Capital actually paid up in cash 1000000 00 29 Surplus over all Liabilities 1118394 25ComptrollerGenerals Report 81 30 Surplus as regards policyholders 2118394 25 31 Total liabilities 5817423 86 DIXIE FIRE INSURANCE COMPANY OF NORTH CAROLINA James B Rhodes President James F Cobb Secretary Principal Office 125 S Elm Street Otis A Murphey Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 IIAssets 500000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 101000 00 5 Value of buildings mortgaged insured for 7350000 as collateral 135000 00 100000 00 105500 00 1767 50 6 Total value of said mortgaged premises carried inside 236000 00 ri8 48 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 secur ities except mortgages 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank City National Bank Greens boro N C 273552 First National Bank Wilson N C 793168 First Na tional Bank Elizabeth City N C 1086507 Citizens Bank Elizabeth City N C 943204 Charlotte Trust Co Charlotte N C 2277438 Battery Park Bank Asheville N C 3259605 New Bern Banking Trust Co New Bern N C 3928543 Total cash items 125620 17 596358 61 90000 00 126J38 C5 6cg82 ComptrollerGenerals Report 16 Interest due and accrued on collateral loans and un collected 58 33 17 Cash in hands of agents and in course of transmission 135685 27 All other assets both real and personal viz Rents due and accrued 695 50 Interest due on deposits 55555 due and accrued on bonds 487499 5 430 54 Total assets of the company actual cash market value 1161834 40 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 82745 16 3 Losses resisted including interest costs and other expenses thereon 3100 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 85845 16 17502 62 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 55158387 un earned premiums fifty per cent 8 Gross premiums witohut any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 18234985 unearned premiums pro rata 275791 93 145414 17 68342 54 11 Total unearned premiums as computed above carried out 421206 10 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 12 497 18 20 Total amount of all liabilities except capital stock scrip and net surplus 502 045 82 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 159 788 58 24 Aggregate amount of all liabilities including capital paid up and net surplus 1161834 40 IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 85613 85ComptrollerGenebais Eeport 3 Net collected 85613 85 4 Gross premiums on risks written and re newed during the year 956303 37 5 Total 1041917 22 6 Deduct premiums and bills in course of collection at this date 136695 69 7 Entire premiums collected during the year 905221 53 8 Deduct reinsurance and return premiums 211158 58 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on 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 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 1105523 losses occurring in previous year 245092 33 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 95352 and all amounts actually receired for reinsur ance in other companies 2428833 total deductions 25241 85 Net amount paid during the year for losses 219850 48 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 108375 advertising and stationery 1238630 in spections under boards 281145 office expenses 114952 traveling expenses 304247 freight and express 11105 commercial reports 44000 exchange 1609 expense Western Sprinkler Assn 71304 loss sale of bonds 145653 adjustment expenses 200578 postage and telegrams 475640 furniture and fixtures and maps 460371 repairs on building 258834 Aggregate amount of actual expenditures during the year in cash 694062 95 1425 00 71204 99 3488 25 770181 19 219850 48 214012 65 25770 65 23172 16 3716443 519970 3784 ComptrollerGemerals Report Business in the State of Georgia During the Year Fire risks written 1528044 00 Premiums received gross 28268 82 Losses paid 3505 7o Losses incurred 6467 50 THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA LA John S Bioren President ProTemp J Parsons Smith Jr Secretary Principal Office Third and Walnut Streets Philadelphia Pa Edward E Paschall Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance Dee 31 of previous year 1832404 20 4 Extended at IIIncome 5 Gross premiums 1513902 29 6 Deduct reinsurance rebate abatement and return premiums 370046 22 1832404 20 7 Total premiums other than perpetual 1143856 07 1143856 07 8 Deposit premiums on perpetual risks gross 10741 52 9 Gross interest on mortgage loans 7033 50 10 Gross interest on collateral loans 1099 74 11 Gross interest on bonds and dividends on stocks 51562 47 12 Gross interest on deposits 554 44 13 Gross interest from all other sources 1595 56 14 Gross rents from companys property in cluding 620000 for companys occu pancy of its own buildings 11310 00 15 Total gross interest and rents 16 Gross profit on sale or maturity of ledger assets viz Bonds 18 From all other sources viz Brokerage 12740 recovery of items previously charged to profit and loss 1494 return to cash of old checks never presented for pay ment 6282 total 73155 71 4448 21 205 16 28 Total income 1232406 67CompteollebGenebals Repobt 85 IIIDisbursements 1 Gross amount paid polieyholders for losses including 15392044 occurring in pre vious years 573007 93 2 Deduct amount received for reinsurance in other companies 46772 17 3 Net amount paid for losses 526235 76 526235 76 5 Deposit premiums returned 6936 05 6 Paid stockholders for interest or dividends amount de clared during the year 6000000 60000 00 9 Commissions or brokerage 288761 82 11 Salaries and expenses of special and general agents salaries fees and all other charges of officers directors trustees and home office employees 66266 47 13 Eents including 620000 for companys occupancy of its own buildings 7987 25 14 Advertising 649554 printing and stationery 757723 14072 77 17 Furniture and fixtures 4939 68 19 Underwriters boards and tariff association 14217 16 20 Fire department fire patrol and salvage corps assessments fees taxes and expenses 3756 77 22 Eepairs and expenses other than taxes on real estate 5289 67 23 Taxes on real estate 2074 00 24 State taxes on premiums 20329 76 26 All other licenses fees and taxes viz local taxes 363745 corporation tax 275000 6387 45 27 Gross loss on sale or maturity of ledger assets viz Bonds 2601 10 29 All other disbursements viz Interest on borrowed money 59166 borrowed money repaid 15000000 miscellaneous 2895380 179545 46 40 Total disbursements 1209401 17 41 Balance 1855409 70 IVLedger Assets 1 Book value of real estate unincumbered 200000 00 2 Mortgage loans on real estate first liens 153500 00 3 Loans secured by pledge of bonds stocks or other collaterals 50000 00 4 Book value of bonds excluding interest 93858305 and stocks 11319813 1051781 18 5 Gash in companys office 1808 37 7 Deposited in trust companies and banks on interest 103347 20 8 Agents balances representing business written subsequent to October 1 1907 294572 9586 12 MS 17 18 21 28 35 39 12 19 ComptrollerGenerals Eeport Other ledger assets viz Cash in hands of persons other than agents 400 00 Total ledger assets 1855409 70 NonLedger Assets Interest accrued on mortgages 2 202 63 Interest accrued on bonds 12587 80 Rents accrued on companys property or lease 233 50 Total 15023 93 Gross assets 1870433 63 Deduct Assets Not Admitted Book value of ledger assets over market value viz Stocks and bonds 83 393 57 Total admitted assets 1787038 06 VLiabilities Gross claims for losses in process of adjust ment or in suspense including all re ported and supposed losses 113950 00 Gross claims for losses resisted 700 00 Total 114650 00 Deduct reinsurance due or accrued 17870 00 Net amount of unpaid losses and claims 96 78O 00 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running one year or less from date of policy including interest pre miums on perpetual fire risks 804 33030 unearned premiums fifty per cent 402165 15 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 104829955 un earned premiums pro rata 573 971 39 Total unearned premiums as computed above 976136 54 Amount reclaimable by the insured on perpetual fire insurance policies being 90 and 95 per cent of the premium or deposit received 124 569 88CompteolleeGeneeals Kepobt 87 21 Commissions brokerage and other charges due or to become due to agents and brokers 47828 13 27 Total amount of all liabilities except capital 1245314 55 28 Capital actually paid up in cash 400000 00 29 Surplus over all liabilities 141723 51 30 Surplus as regards policyliolders 541723 51 31 Total liabilities 1787038 06 EQUITABLE FIRE INSURANCE COMPANY OP CHARLESTON S C David Huguenin President Wm G Mazijck Secretary Principal Office Corner Broad and Church Streets Charleston S C F H Reynolds Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 2 Amount paid up in cash IIAssets 120000 00 120000 00 120000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bonds and mortgages duly recorded and being first liens on the fee simple 3 Interest accrued on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 11900 00 5 Value of buildings mortgaged insured for 2390000 as collateral 27700 00 6 Total value of said mortgaged premises carried inside 39600 00 7 Amount of other loans 11000 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 secur ities except mortgages 12 Cash in companys principal office 5783 99 13 Cash belonging to the company deposited in bank viz Hibernia 179245 Caro lina 416767 Exchange 386220 Dime 213130 Charleston 1375 total 11967 37 17000 00 13100 00 275 43 185167 50 11000 00 Total cash items 17751 36ComptrollerGenerals Report 15 Interest due and accrued on stocks not included in mar ket value uncollected 55 29 16 Interest due and accrued on other assets 52 41 17 Cash in hands of agents and in eourseof transmission 26618 80 All other assets both real and personal viz Rents 6 00 Total assets of the company actual cash market value 271026 79 111Liabilities 1 Losses unpaid not yet due 2810 36 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 14669 97 3 Losses resisted including interest costs and other expenses thereon 1700 00 4 Total gross amount of claims for losses 19180 33 5 Deduct reinsurance thereon 6686 10 6 Net amount of unpaid losses 7 Gross premiums without an deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 10492813 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 7620980 unearned premiums pro rata 52464 06 41608 94 12494 23 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums 162832 reinsurance premiums 397847 94073 00 1780 35 5606 79 20 Total amount of all liabilities except capital stock scrip and net surplus 113 954 37 21 Joint stock capital paid up in cash 120 000 00 23 Surplus beyond capital and all other liabilities 37 072 42 24 Aggregate amount of all liabilities including capital paid up and net surplus 271 026 79ComptrollerGenerals Report 89 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 28132 73 3 Net collected 28132 73 4 Gross premiums on risks written and re newed during the year 214560 94 5 Total 242693 67 6 Deduct premiums and bills in course of collection at this date 28132 73 7 Entire premiums collected during the year 214560 94 8 Deduct reinsurance and return premiums 80822 76 9 Net cash actually received for premiums carried out 133738 18 133738 18 10 Received for interest on bonds and mortgages 864 65 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 9402 54 12 Income received from all other sources omitting increase if any in value of securities viz Rents 133258 profit from sale of securities 2678 total 1359 36 15 Aggregate amount of income actually received during the year in cash 145364 73 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 1332940 losses occuring in pre vious years 11963079 adjustment expenses 171992 121350 71 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 42500 and all amounts actually received for reinsur ance in other companies 3192771 total deductions 32352 71 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 88998 00 7173 75 20472 74 11665 4790 ComptrollebGenebal s Repobt 8 Paid for State National and local taxes in this and other states 6044 59 9 All other payments and expenditures viz Advertising printing stationery express postage furniture and fix tures repairs light fuel water etc 5626 59 Aggregate amount of actual expenditures during the year in cash 139981 14 Business in the State of Georgia During the Year Fire risks written 410995 00 Premiums received gross 7 500 31 Losses paid 084 36 Losses unpaid 34 go Losses incurred 1 118 36 FEDERAL INSURANCE COMPANY JERSEY CITY NEW JERSEY Percy Chubb President Max Grundner Secretary Principal Office 15 Exchange Place Jersey City New Jersey James L Riley Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 1 000 000 00 2 Amount paid up in cash 1000000 00 IIAssets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 30 qqO 00 3 Interest accrued thereon 22g 3U 4 Value of Lands Mortgaged exclusive of buildings and perishable improvements 25000 00 5 Value of buildings mortgaged 20000 00 6 Total value of said mortgaged premises carried inside 45000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1427006 25 13 Cash belonging to the company deposited in bank Cana dian Bank of Commerce Montreal 12500000 Cana dian Bank of Commerce London 1474915 Commer cial Trust Co Jersey City X 1 312143 Union Na tional Bank Newark N 1 6564712 National City Bank New York 2583602 Manhattan Company New York 2248869 National Bank of Commerce New York 2298497 Equitable Trust Co New York 79 4691 total 35887429 CompteolleeGeneeals Eepoet 91 15 Interest due and accrued on stocks not included in mar ket value uncollected 17763 33 17 Cash in hands of agents and in course of transmission 258842 46 All other assets both real and personal viz Interest due and accrued on other assets 206 82 Total assets of the company actual cash market value 2092811 51 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 378059 45 4 Total gross amount of claims for losses 378059 45 5 Deduct reinsurance thereon 68500 00 6 Net amount of unpaid losses 309559 45 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired Inland navigation and marine risks 109717 58 10 Gross premiums without any deduction received and receivable on all unexpired Marine risks 284457 00 11 Total unearned premiums as computed above carried out 222497 32 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 2897 53 18 Commissions brokerage and other charges due agents 29427 85 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz State and county taxes 15000 00 Reinsurance premiums 16698 32 Special contingent reserve 121154 36 20 Total amount of all liabilities except capital stock scrip and net surplus 717234 83 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 375576 68 24 Aggregate amount of all liabilities including capital paid up and net surplus 2092811 5192 CompteollerGeneeals Repobt IVIncome During the Year Fire Marine and Inland 3 Net collected 294066 93 2376898 55 8 Deduct reinsurance and return premiums 128403 37 1509460 00 9 Net cash actually received for premiums carried out 165663 56 867438 55 701774 99 50 00 I 10 Eeceived for interest on bonds and mortgages 11 Eeceived for interests and dividends on stock and bonds collateral loans and from all other sources 77568 51 12 Income received from all other sources omitting increase if any in value of securities viz Profits on Exchange 116768 sale of maps 392222 sale of furniture 9875 total 5188 65 15 Aggregate amount of income actually received during hte year in cash 785882 1E VExpenditures During the Year 1 Gross amount actually paid for losses including 52348065 losses occur ring in previous years 2 Deduct all amounts ac tually received for sal vages whether on losses of the last or of previous year 69240 P 8 27764 M and all amounts actually receiv ed for reinsurance in other companies 11 88561 F 86365917 M total deductions Marine and Fire Inland 229403 13 1413464 03 12578 01 946430 58 Net amount paid during the year for losses 216825 12 467033 45 683858 57 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 60000 00 ComptrollerGenerals Report 93 6 Paid for commissions or brokerage 251492 06 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 32559 10 8 Paid for State National and local taxes in this and other States 24526 8 9 All other payments and expenditures viz Settlement of losses 319571 rents 230556 advertising and stationery 371753 postage telephones etc 4 99889 legal expenses 82404 underwriters 122465 inspections 398496 miscellaneous 523862 total 25549 96 Aggregate amount of actual expenditures during the year in cash 1077985 87 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 C I Mell Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 1000000 00 1000000 00 2 Amount paid up in cash 1000000 00 IIAssets 9 Total par and market value of stocks and bonds owned absolutelv by the company carried out at market value 2166950 00 12 Cash in companys principal office 1689 34 13 Cash belonging to the company deposited in bank First National Bank N Y 13918169 Am Trust Savings Bank Chicago Ills 1774377 Central Trust Co N Y 2819558 Bank of New York 1563154 Com Exchange Bank N Y 255859 total 203311 17 Total cash items 205000 51 15 Interest due and accrued on stocks not included in mar ket value uncollected 14036 25 17 Cash in hands of agents and in course of transmission 143478 41 Total assets of the company actual cash market value 2529465 1794 ComptrollerGenerals Report IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 62782 25 3 Losses resisted including interest costs and other expenses thereon l 500 00 4 Total gross amount of claims for losses 64282 25 5 Deduct reinsurance thereon 4 473 36 6 Net amount of unpaid losses 59 gyg gi 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 57919859 un earned premiums fifty per cent 289599 30 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 47105713 unearned premiums pro rata 359862 49 11 Total unearned premiums as computed above carried out 649461 79 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions and brokerage due or to be come due to agents and brokers 320311 reinsurance premiums 528980 reserve for taxes 1000000 total 18492 91 20 Total amount of all liabilities except capital stoek scrip and net surplus 727 763 59 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities sOljOl 58 24 Aggregate amount of all liabilities including capital paid up and net surplus 2 529 465 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 126648 96 2 Deduct amount of same not collected 490 68 3 Net collected 226 158 78 4 Gross premiums on risks written and re newed during the year as shown in risk and premiums exhibit 1 112 711 46 5 Total 1238869 74ComptbollerGeneeal s Kepoet 95 Deduct premiums and bills in course of collection at this date 143478 41 Entire premiums collected during the year 1095391 33 Deduct reinsurance and return premiums 212564 96 Net cash actually received for premiums carried out 882826 37 11 12 15 2 Total Received for interests and dividends on stock and bonds collateral loans and from all other sources Income received from all other sources if any in value of securities Aggregate amount of income actually received during the year in cash VExpenditures During the Year Gross amount actually paid for losses in eluding 2803899 losses occurring in previous years 321552 03 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 289431 and all amounts actually received for reinsur ance in other companies 1978518 total deductions 22679 49 882826 37 115624 88 998451 25 998451 25 Net amount paid during the year for losses 298872 54 Expenses of adjustment and settlement of losses 5531 70 Total Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employes Paid for State National and local taxes in this and other States All other payments and expenditures viz Rents 9 21600 advertising printing and stationery 1065790 postage telegrams telephone and express 897710 legal expenses 124186 miscellaneous 2200074 total Aggregate amount of actual expenditures during the year in cash 304404 24 182275 02 71219 09 22141 1 1 52138 60 632178 0696 ComptrollerGenerals Report Business in the State of Georgia During the Year Fire risks written 1518749 00 Premiums received gross 25769 51 Losses paid 6400 79 Losses incurred 6175 69 FIRE ASSOCIATION OF PHILADELPHIA E C Irvin President M G Garrigues Secretary Principal Office 407 and 409 Walnut Street W E Chapin Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 750000 00 750000 00 2 Amount paid up in cash 750000 00 IIAssets 1 Market value of real estate owned by the company less the incumbrances thereon 372100 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1617109 99 3 Interest due on all said bond and mort gage loans 534460 interest accrued thereon 2142161 total 26766 21 26766 21 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1649518 00 5 Value of buildings mortgaged insured for 1681865 as collateral 2492404 00 6 Total value of said mortgaged premises carried inside 4141922 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4441835 50 11 Total amount loaned on stocks bonds and all other se curities except mortgages 242 600 00 12 Cash in companys principal office 7481 09 13 Cash belonging to the company deposited in bank 439236 77 Total cash items 44g 717 86 15 Interest due and accrued on stocks not included in mar ket value uncollected 49 828 03 16 Interest due and accrued on collateral loans and uncol lected 2 412 25ComptrollerGenerals Report 97 17 Cash in hands of agents and in course of transmission 636082 12 All other assets both real and personal viz Rents due and accrued 87345 due from other companies for re insurance on losses already paid 534978 total 6223 23 Totai 1382863 49 Total assets of the company actual cash market value 7840675 19 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 159835 20 217548 01 47377 81 4 Total gross amount of claims for losses 424761 02 5 Deduct reinsurance thereon 56939 14 9 Net amount of unpaid losses Unearned premiums fifty per cent 1442177 Unearned premiums pro rata 1769271 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks amount re claimable on perpetual policies 1707382 367821 88 73 70 3d 11 20 21 23 24 Total unearned premiums as computed above carried out Total amount of all liabilities except capital stock scrip and net surplus 5286653 61 Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities 4918831 73 750000 00 1804021 58 Aggregate amount of all liabilities including capital paid up and net surplus 7840675 19 IVIncome During the Year Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 575129 80 Net collected 575129 80 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit including per petuals 5614568 71 Total 6189698 51 7cg98 ComptbollebGenerals Report 6 Deduct premiums and bills in course of collection at this date 636082 12 7 Entire premiums collected during the year 5553616 39 8 Deduct reinsurance and return premiums including cancelled perpetuals 1460660 61 9 Net cash actually received for premiums carried out 4092955 78 10 Beceived for interest on bonds and mortgages 4092955 78 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 297903 50 12 Income received from all other sources omitting increase if any in value of securities viz Rents 2508396 total 25083 96 15 Aggregate amount of income actually received during the year in cash4 415943 24 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 33006370 losses occurring in previous years 2244033 37 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1750676 and all amounts actually received for reinsur ance in other companies 29812061 total deductions 315627 37 Net amount paid during the year for losses 1928406 00 1928406 00 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 250000 00 6 Paid for commissions or brokerage 1061807 89 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 2i067 33 8 Paid for State National and local taxes in this and other States yg ggg j 9 All other payments and expenditures via Expanses 18335728 profit and loss 159110 total 1S1948 38 Aggregate amount of actual expenditures during the year in cash 3763434 74COMPTROLLERGrENEBALs REPORT 99 Business in the State of Georgia During the Year Eire risks written 5401886 00 Premiums received gross 86503 95 Losses paid 50039 34 Losses incurred 42850 85 FIREMENS INSURANCE COMPANY OF NEWARK NEW JERSEY Daniel H Dunham President A H Hassinger Secretary Principal Office 784786 Broad Street James L Riley Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 1000000 00 IIAssets 1 Market value of real estate owned by the company less the amount of mcumbranees thereon 108473 66 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 2231390 00 3 Interest due on all said bond and mortgage loans 2329 interest accrued thereon 2831422 total 30643 22 4 Value of lands mortgaged exclusive of buildings and perishable improvements 16602 00 5 Value of buildings mortgaged insured for 28037 as collateral 33552 00 6 Total value of mortgaged premises car ried inside 50154 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2030415 00 12 Cash in companys principal office 3088 68 13 Cash belonging to the company deposited in bank National Newark Banking Co 74939 33 Total cash items 78028 01 17 Cash in hands of agents and in course of transmission 216765 68 All other assets both real and personal viz Rents due and accrued 106 66 Due from other companies for reinsurance on losses already paid 5246 57 Total assets of the company actual cash market value 4701068 80100 ComptrollerGenerals Report IIILiabilities 1 Losses due and unpaid 42339 27 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 8467855 3 Losses resisted including interest costs and other expenses thereon 1121971 4 Total gross amount of claims for losses 138237 53 5 Deduct reinsurance thereon 18897 65 6 Net amount of unpaid losses 119339 88 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 94674346 un earned premiums fifty per cent 473371 73 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 175320056 unearned premiums pro rata 957625 85 11 Total unearned premiums as computed above carried out 1430997 58 20 Total amount of all liabilities except capital stock scrip and net surplus 1550337 46 21 Joint stock capital actually paid up in cash 1000000 00 22 Scrip outstanding 2359 89 23 Surplus beyond capital and all other liabilities 2148371 45 24 Aggregate amount of all liabilities including capital paid up and net surplus 4701068 80 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 288177 61 3 Net collected 288177 61 4 Gross premiums on risks written and re newed during the year 1990765 79 5 Total 2278943 40ComptrollerGenerals Report 101 6 Deduct premiums and bills in course of collection at this date 377855 79 7 Entire premiums collected during the year 1901087 61 8 Deduct reinsurance and return premiums 361906 82 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1258886 in terest on deposits 39988 rights to subscribe to stock sold 425 total 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1539180 79 95082 00 105896 25 12992 99 1753152 03 1 Gross amount actually paid for losses in cluding 9515282 losses occurring in previous years 683865 67 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 270843 and all amounts actually received for reinsur ance in other companies 876251 total deductions 41470 94 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 5 Scrip or certificates of profits redeemed in cash and in terest paid to scripholders 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 All other payments and expenditures viz Agency ex penses 4750879 adjustment expenses 1317550 real estate expenses 64287 general expenses 1877146 total Premiums on stocks and bonds purchased during the year 642394 7 150000 00 4 08 382458 34 56750 00 51097 20 9 80098 62 15362 50 Aggregate amount of actual expenditures during the year in cash 1378165 4 102 ComptrollerGenerals Report Business in the State of Georgia During the Year Fire risks written 1912036 00 Premiums received gross 27 754 43 Losses paid 3319 36 Losses incurred 3 087 34 FIREMANS FUND INSURANCE COMPANY OF SAN FRANCISCO CAL AVm J Dutton President Louis Weinmann Secretary Principal Office 401 California St San Francisco Cal Edgar S Wilson Macon Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock l 600 000 00 2 Amount paid up in cash 1600000 00 ITAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 566054 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 297 980 00 3 Interest due on all said bond and mortgage loans 57393 interest accrued thereon 152463 total 2 098 56 4 Value of lands mortgaged exclusive of buildings and perishable improvements 758485 00 5 Value of buildings mortgaged insured for 10360000 as collateral 285720 00 6 Total value of said mortgaged premises carried inside 1044205 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3551362 50 11 Total amount loaned on stocks bonds and all other se curities except mortgages 182500 00 12 Cash in companys principal office 4282 32 13 Cash belonging to the company deposited in banks Anglo Californian Bank Ltd S F Cal 2533859 Crocker Na tional Bank S F Cal 7059134 San Francisco National Bank S F Cal 4002944 Bishop Co Bankers Hon olulu 150000 Exchange Bank Macon Ga 43651 Fourth National Bank Ma con Ga 1277828 Bank of California S F Cal 4108210 Union Trust Co S F Cal 4392381 The Savings ComptrollerGenerals Report 103 Loan Society S F Cal 1397602 San Francisco Savings Union S F Cal 21 77796 Oakland Bank of Savings Oak land Cal 230000 Corn Exchange Na tional Bank Chicago 111 5276155 Na tional Shawmut Bank Boston Mass 4900304 National Park Bank New York 10086719 First National Bank Las Vegas N M 1000000 First Na tional Bank Albuquerque N M 10 000 total 496365 83 Total cash items 500648 15 16 Interest due and accrued on collateral loans and uncol lected 765 60 17 Cash in hands of agents and in course of transmission 737428 25 18 Bills receivable not matured taken for fire marine and inland risks 31965 40 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 423 29 In hands of London correspondents for convenient set tlement of marine losses payable in England 66873 28 Total assets of the company actual cash market value 5938099 03 IIILi abilities 1 Losses adjusted and not yet due 37377 97 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 450137 84 3 Losses resisted including interest costs and other expenses thereon 29726 54 4 Total gross amount of claims for losses 517242 35 5 Deduct reinsurance thereon 112859 37 6 Net amount of unpaid losses 404382 98 11 Total unearned premiums carried out 2870737 19 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 11500 00 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Commissions brokerage etc 173029 15 State county and municipal taxes due and accrued 62500 00104 ComptrollerGenerals Report Estimated amount due F F Ins Corporation on fiual settlement of outstanding marine losses 9027 70 20 Total amount of all liabilities except capital stock scrip and net surplus 3531177 02 21 Joint stock capital actually paid up in cash 1600000 00 23 Surplus beyond capital and all otlier liabilities 806922 01 24 Aggregate amount of all liabilities including capital paid up aud net surplus 5938099 03 IVIncome During the Year Fire Marine and Inland 4 Gross premiums on risks written and renewed dur ing the year 5395763 72 2156556 21 6 Deduct premiums and bills in course of collection at this date 610952 05 175544 07 7 Entire premiums collected during the year 4784811 67 1981012 14 8 Deduct reinsurance and return premiums 805582 39 990472 44 9 Net cash actually received for premiums carried out 3979229 28 990539 70 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 666666 gross loss on sale or maturity of ledger assets 189919 from other sources 37570351 total 13 Received for increased capital 15 Aggregate amount of income actually received during the year in cash 6085515 47 9485 45 121991 68 377602 70 600000 00 VExpenditures During the Fear Fire Marine and Inland 1 Gross amount actually paid for losses includ ing 120780516 losses occurring in previous 1 years 2096264 57 680695 90ComptrollerGenerals Report 105 Deduct all amounts actu ally received for sal vages whether on losses of the last or of previous year 2697380 and all amounts actually received for reinsurance in other companies 64729359 total deductions 339194 87 335072 52 3 Net amount paid during the year for losses 1757069 70 351623 38 2108693 08 4 Expenses of adjustment and settlement of losses 28166 64 6 Paid for commissions or brokerage 327688 41 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 350614 73 8 Paid for State National and local taxes in this and other States 61169 30 9 All other payments and expenditures viz 1406640 43 Aggregate amount of actual expenditures during the year in cash 4282972 59 Business in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred Fire Marine Inland 9222798 63 728360 00 121476 34 4968 49 69503 79 2152 69 67652 19 2152 69 FLORIDA HOME FIRE INSURANCE COMPANY OF MARIANNA John H Carter President H P Mulkey Secretary Wm A Wright Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 120000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 29000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 79875 00ComptrollerGeneeal s Eeport 5757 37 62358 68 106 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Furniture and fixtures Maps and agency supplies Total assets of the company actual cash market value EELLiabilities 1 Losses due and unpaid 6958 09 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 1286 07 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unex pired firerisks running one year or less from date of policy 8825451 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 1358037 un earned premiums pro rata 44127 26 11401 12 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital jiaid up and net surplus IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 150220 44 68116 05 2101 00 20028 86 3067 92 2866 04 205054 87 8244 16 11 Total unearned premiums as computed above carried out 55528 38 63772 54 120000 00 21282 33 205054 87ComptrollerGenerals Eeport 107 6 Deduct premiums and bills in course of collection at this date 20028 86 7 Entire premiums collected during the year 130191 58 8 Deduct reinsurance and return premiums 37746 83 9 Net cash actually received for premiums carried out 92444 75 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 2604 98 12 Income received from all other sources omitting in crease if any in value of securities 2097 40 Cash paid in for reinsurance reserve 10500 00 15 Aggregate amount of income actually received during the year in cash 107647 13 VExpenditures During the Year 1 Gross amount actually paid for losses 15890 69 6 Paid for commissions or brokerage 23400 87 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 16000 30 8 Paid for State National and local taxes in this and other States 4912 19 9 All other payments and expenditures viz Adjustment expenditures 35800 local agents postage and incidental 31863 insurance on companys property 37172 1048 35 Printing and stationery 139347 postage telegrams telephone and express 87525 legal expenses 40000 tariff association 22500 salvage corps assessments 17600 3069 72 Aggregate amount of actual expenditures during the year in cash 64322 12 Business in the State of Georgia During the Year Fire risks written 373865 00 Premiums received gross 8190 46 Losses paid 5749 98 GEORGIA FIRE INSURANCE COMPANY OF CEDARTOWN Wm J Harris President Walter S Coleman Secretary Principal Office Main St Cedartown Ga Walter S Coleman Attorney for Service in Georgia 1Capital 1 AVhole amount of capital stock 100000 00 2 Amount paid up in cash 100000 00108 ComptbollebGenebals Bepobt IIAssets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 7 Amount of other loans 11 Total amount loaned on stocks bonds and all other se curities except mortgages 13 Gash belonging to the company deposited in bank Bank of Cedartown 16 Interest due and accrued on collateral loans ajid uu collected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from special agents offices Total assets of the company actual cash market value IIILiabilities 7 Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 739088 un earned premiums fifty per cent 3695 14 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 1495922 un earned premiums pro rata 4220 43 11 Total unearned premiums as computed above carried out i 18 Amount of borrowed money 19 All other demands against the company absolute and contingent due and to become due admitted and con tested 20 Total amount of all liabilities except capital stock scrip and net surplus i 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 7 Entire premiums collected during the year 13909 17 8 Deduct reinsurance and return premiums 1439 56 9 Net cash actually received for premiums carried out 102589 84 1475 00 500 00 795 26 1600 00 8691 96 179 15 115831 21 7915 87 1500 00 9415 87 9415 87 100000 00 6415 34 115831 21 12409 61ComptrollerGeneeal s Eeport 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 13 Received for calls on capital 10000000 surplus 150000 15 Aggregate amount of income actually received during year in cash VExpenditures 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 2500 legal expenses 15290 Printing and supplies 12525 rent 1735 express 444 postage 1377 telegrams 1576 express 1255 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 109 1160 61 7 510 20 7 101500 00 115640 42 1735 53 t 1012 96 293 00 177 90 307 12 3526 51 690630 00 13549 68 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS Rhodes Browne President Win C Coart Secretary Principal Office 1046 Broad Street Columbus Ga W P Pattillo Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 300000 00 2 Amount paid up in cash 300000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 127000 Ofl 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 168693 50 4 Value of lands mortgaged exclusive of buildings and perishable improvements 277500 00 5 Value of buildings mortgagged insured for 18771000 as collateral 259000 00 6 Total value of said mortgaged premises carried inside 536500 00110 ComptrollerGenerals Keport 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other se curities except mortgages 13 Cash belonging to the company deposited in bank viz Lowry National Bank Atlanta Ga 1106 91 National Bank of Columbus Ga 25169 79 Home Savings Bank Columbus Ga 53919 19 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 Rossia Insurance Co Russia 150530 rent notes and loans endorsed or not 865266 open ledger accounts 574489 604240 3 37100 00 80195 39 145938 02 15902 85 Total assets of the company actual cash market value 1179070 89 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 71054 10 3 Losses resisted including interest costs and other expenses thereon 10951 00 4 4 Total gross amount of claims for losses 82005 10 5 Deduct reinsurance thereon 16841 38 6 Net amount of unpaid losses 65163 72 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 52396029 un earned premiums fifty per cent 261980 14 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 55335212 un earned premiums pro rata 319577 08 11 Total unearned premiums as computed above carried out 581557 22 15 Dividends declared and remaining unpaid or uncalled for 180 00 20 Total amount of all liabilities except capital stock scrip and net surplus 646900 94COMPTEOLLERGrENERAls EePOET 111 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 232169 95 532169 95 24 Aggregate amount of all liabilities including capital paid up and net surplus 1179070 89 IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 106585 22 3 Net collected 106585 22 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1082861 21 5 Total 1189446 43 6 Deduct premiums and bills in course of collection at this date 145938 62 7 Entire premiums collected during the year 1043507 81 8 Deduct reinsurance and return premiums 346155 27 9 Net cash actually received for premiums carried out 697352 54 10 Received for interest on bonds and mortgages 1 7084 15 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 27401 22 12 Income received from all other sources omitting increase if any in value of securities 5663 70 Total 50149 07 15 Aggregate amount of income actually received during the year in cash 747501 Gl VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 2428013 losses occurring in pre vious years 372666 11 2 Deduct all amounts actually received for reinsurance in other companies 57826 41 Net amount paid during the year for losses 314839 70 4 lash dividends actually paid stockholders amount of stockholders dividends declared during the year 30000 00112 ComptrollerGenerals Report 6 Paid for commissions or brokerage 152562 73 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 113636 S3 8 Paid for State national and local taxes in this and other States 32137 17 9 All other payments and expenditures viz Advertising stationery legal expenses etc 12284 51 Aggregate amount of actual expenditures during the year in cash 655460 94 Business in the State of Georgia During the Year Fire risks written i 5466913 00 Premiums received gross 78500 27 Losses paid 50663 95 Losses incurred 45923 07 GERMAN ALLIANCE FIRE INSURANCE CO OF NEW YORK N Y William N Kremer President Charles G Smith Secretary Principal Office 58 Liberty Street New York W L Reynolds Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 00 IIAssets 2 Loans and bond and mortgage duly recorded and being first liens on the fee simple 3 Interest accrued on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 41500 00 5 Value of Buildings Mortgaged insured for 5400000 as collateral 49500 00 58000 00 373 00 6 Total value of said mortgaged premises carried inside 91000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1049745 00 13 Cash belonging to the Company deposited in bank viz Citizens Central National Bank of New York 077 44 15 Interest due and accrued on stocks not included in mar ket value uncollected 3502 00 17 Cash in hands of agents and in course of transmission 140440 82 Total assets of the company actual cash market value 1308138 26ComptrollerGenerals Beport 113 IIILiabilities 1 Losses due and unpaidnot yet due 53267 10 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 194354 00 3 Losses resisted including interest costs and other expenses thereon 16725 00 4 Total gross amount of claims for losses 264346 10 5 Deduct reinsurance thereon 175288 00 6 Net amount of unpaid losses 89058 10 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 43406414 un earned premiums fifty per cent 217032 07 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 38970778 unearned premiums pro rata 215814 21 11 Total unearned premiums as computed above carried out 432846 28 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 41643 32 20 Total amount of all liabilities except capital stock scrip and net surplus 563547 70 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 344590 56 24 Aggregate amount of all liabilities including capital paid up and net surplus 1308138 26 IVIncome During the Year 1 Gross premiums and bills in course of col lection at the close of last previous year as shown by that years statements 147416 41 3 Net collected 147416 41 4 Gross premiums on risks written and re newed during the year 2815105 47 5 Total 2962521 88 8cg114 ComptrollerGenerals Report 6 Deduct premiums and bills in course of collection at this date 140440 82 7 Entire premiums collected during the year 2822081 06 8 Deduct reinsurance and return premiums 2225186 01 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interest 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 Interest on deposits 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 8421153 losses occurring in previous years 1188678 19 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 314780 and all amounts actually received for reinsur ance in other companies 87646310 total deductions 879610 90 596895 05 2213 00 50712 50 396 22 650216 77 3 Net amount paid during the year for losses 309067 29 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 48000 00 6 Paid for commissions or brokerage 160851 49 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 5180 00 8 Paid for State National and local taxes in this and other States 16154 46 9 All other payments and expenditures viz Legal expenses 50 00 Aggregate amount of actual expenditures during the year in cash 539303 24 Business in the State of Georgia During the Year Fire risks written 3626554 00 Premiums received gross 42208 34 Losses paid 22046 44 Losses incurred 20315 44COMPTROLLEKGrENEKAls REPORT 115 THE GERMAN AMERICAN INSURANCE COMPANY OF NEW YORK William N Kremer President Charles G Smith Secretary Principal Office 58 Liberty St New York W L Reynolds Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 1500000 00 2 Amount paid up in cash 3 Amount in notes of the stockholders 1500000 00 1500000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 126000 00 5 Value of buildings mortgaged insured for 242000 00 as collateral 254000 00 958692 39 239000 00 3005 83 6 Total value of said mortgaged premises carried inside 380000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 10301661 00 12 Cash in companys principal office 24438 85 13 Cash belonging to the company deposited in bank Na tional Bank of Commerce of New York 16197529 German American Bank of New York 8930467 Na tional City Bank of New York 992524 Dominion Bank Toronto Canada 1941254 New York Trust Co of New York 6248321 Title Guarantee and Trust Co of New York 6294782 Citizens Central Na tional Bank of New York 20917346 Metropolitan Bank of New York 25513 Peoples Trust Co of Brooklyn 2 per cent 385568 American Trust Sav ings Bank of Chicago 2 per cent 9107008 Seaboard Bank of San Francisco 3174124 total742144 36 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on bank balances 17 Cash in hands of agents and in course of transmission Due from other companies for reinsurance on losses already paid 40217 33 202 85 1182577 82 16097 61 Total assets of the company actual market value 13508038 0411 1 2 3 4 5 6 7 8 11 17 19 6 Comptroller Generals IIILiabilities Gross losses in process of adjustment or in suspense including all reported and Beport 107828 00 855138 765129 6305339 23270 498945 00 00 98 43 28 Losses resisted including interest costs 75457 00 Total gross amount of claims for losses 1038423 00 273294 00 Gross premiums without any deduction received and receivable upon all unexpired fire risks running one year or less from date of policy 452398812 unearned premiums fifty per cent Gross premiums without any deduction received and receivable upon all unexpired fire risks running more than one year from date of policy 753253238 2261994 06 4043345 92 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and contingent due and to become due admitted and contested viz State city county or other taxes or assessment 12500000 commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 6188096 return premiums 556192 reinsurance premiums 306509 40 tntnl Total amount of all liabilities except c 20 21 23 24 1 apital stock 7592684 1500000 4415353 69 00 35 Joint stock capital actually paid up in casl Surplus beyond capital and all other liabili Aggregate amount of all liabilities includin IVIncome During the Gross premiums and bills in course of collection at close of last previous year as shown by that years statement X capital paid 13508038 04 Year 1339891 22 ComptrollerGenerals Report 117 3 Net collected 1339891 22 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 10539439 96 5 Total 11879331 18 6 Deduct premiums and bills in course of collection at this date 1469931 33 7 Entire premiums collected during the year cash 10409399 85 8 Deduct reinsurance and return premiums 4094307 90 9 Net cash actually received for premiums carried out 6315091 95 10 Received for interest on bonds and mortgages 10960 00 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 543295 86 12 Income received from all other sources omitting increase if any in value of securities viz Profit on sale of stocks and bonds 4829000 premiums charged to profit and loss 52410 total 48814 10 15 Aggregate amount of income actually received during the year in cash 6918161 91 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 72836608 losses occurring in previous years 4475130 78 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2890615 and all amounts actually received for reinsur ance in other companies 132956989 total deductions 1358476 04 Net amount paid during the year for losses 3116654 74 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 450 000 00 6 Paid for commissions or brokerage 1189895 81 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 556532 28 186875 23 349684 51 Aggregate amount of actual expenditures during the year in cash 5849642 57118 ComptbolleeGenebals Bepobt Business in the State of Georgia During the iear Fire risks written 7637098 00 Premiums received gross 150697 67 Losses paid 114407 65 Losses incurred 105144 24 GEBMANIA FIEE INSUEANCE COMPANY OP NEW YOBK Hugo Schumann President Gustav Kehr Secretary Principal Office 62 William Street New York S C Williams Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 1000000 00 1000000 00 2 Amount paid up in cash 1000000 00 IIAssets 1 Market value of real estate owned by the company less the incumbrances thereon 750000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 290000 00 3 Interest accrued on all said bond and mortgage loans 5332 69 4 Value of lands mortgaged exclusive of buildings and perishable improvements 297800 00 5 Value of buildings mortgaged insured for 26800000 as collateral 350700 00 6 Total value of said mortgaged premises carried inside 648500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3252952 50 12 Cash in companys principal office 9982 30 13 Cash belonging to the company deposited in bank German American Bank of New York 22144703 National Park Bank 13232558 First National Bank of Illinois Chicago 7705089 total 440805 80 Total cash items 440805 80 17 Cash in hands of agents and in course of transmission 428469 99 All other assets both real and personal viz Bents due and accrued 50000 interest accrued on bonds 24 01823 total 24518 23 Total 5192079 21 Less balances over 3 mos due 6 429 70 Total assets of the company actual cash market value 5185 649 51ComptrollerGenerals Report 119 IIILiabilities 1 Losses due and unpaid 97296 34 2 Gross losses in process of adjustment or in suspense including all reported and and supposed losses 103952 75 3 Losses resisted including interest costs and other expenses thereon 11597 00 4 Total gross amount of claims for losses 212846 09 5 Deduct reinsurance thereon 45661 51 6 Net amount of unpaid losses 167184 58 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 153636119 un earned premiums fifty per cent 768180 59 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 431729766 unearned premiums pro rata 2279828 49 11 Total unearned premiums as computed above carried out 3048009 08 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz due reinsurance companies 1493174 un paid commissions 626312 total 21194 86 20 Total amount of all liabilities except capital stock scrip and net surplus 3236388 52 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 949260 99 24 Aggregate amount of all liabilities including captial paid up and net surplus 5185649 51 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 390975 67 3 Net collected 390975 67 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3602463 93 5 Total 3993449 60120 ComptrollerGenerals Report 6 Deduct premiums and bills in course of collection at this date 428469 99 7 Entire premiums collected during the year 3564979 61 8 Deduct reinsurance and return premiums 841507 55 9 Net cash actually received for premiums carried out 2723472 06 10 Received for interest on bonds and mortgages 14369 30 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 176545 77 12 Income received from all other sources omitting in crease if any in value of securities viz Payment to reinsurance companies on account of balance held by this company 103794 profit and loss account 66 53308 total 67671 02 15 Aggregate amount of income actually received during the year in cash 2982058 15 i VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 22351763 losses occurring in previous years 1476531 43 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 75200 and all amounts actually received for reinsur ance in other companies 39804794 total deductions 405307 73 Net amount paid during the year for losses 1071223 70 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 and all other employees 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures 120000 00 721327 59 209980 88 86724 29 151587 80 Aggregate amount of actual expenditures during the year in cash 2360844 26 Business in the State of Georgia During the Year Fire risks written 3459555 00 Premiums received gross 56 066 99 Losses paid 30116 21 Losses incurred 28 388 48ComptrollerGenerals Report 121 GIRARD FIRE AND MARINE INSURANCE COMPANY OF PHILADELPHIA Henry M Gratz President Edwin F Merrill Secretary Principal Office 633 Chestmut Street Philadelphia John A Whitner Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 500000 00 IIAssets 1 Market value of real estate owned by the company less the amount of ihcumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 427090 00 5 Value of buildings mortgaged insured for 194650 as collateral 336250 00 500000 00 275 750 00 302550 00 3979 32 6 Total value of said mortgaged premises carried inside 763340 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total par and market value and amount loaned thereon 12 Cash in companys principal office 2879 59 13 Cash belonging to the company deposited in bank Philadelphia National Bank Philadelphia 3533109 Land Title Trust Co Philadelphia 107427 Ger manAmerican Bank Philadelphia 74181 American Trust Savings Bank Chicago 1143045 total 48577 62 1244723 25 210140 00 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected and bonds 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission 18 Bill receivable not matured taken for fire marine and inland risks All other assets both real and personal Total assets of the company actual cash market value 51457 21 15740 05 924 14 131522 62 5061 38 741 32 2246638 61 122 ComptrollerGenerais Report IIILiabilities 1 Losses due and unpaid 73 06 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 44529 94 3 Losses resisted including interest costs and other expenses thereon 4733 00 4 Total gross amount of claims for losses 49336 00 5 Deduct reinsurance thereon 9223 00 6 Net amount of unpaid losses 40113 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 43964052 un earned premiums fifty per cent 219820 26 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 96293515 unearned premiums pro rata 528341 64 11 Total unearned premiums as computed above carried out 74816190 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special departmentperpetual premiums 643059 26 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 4155 45 20 Total amount of all liabilities except capital stock scrip and net surplus 1435489 61 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 311 149 00 24 Aggregate amount of all liabilities including capital paid up and net surplus 2246638 61 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 106797 56 3 Net collected 106797 56ComptrollerGenerals Report 123 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1119693 58 5 Total 1226491 14 6 Deduct premiums and bills in course of collection at this date 131926 35 7 Entire premiums collected during the year 1094564 79 8 Deduct reinsurance and return premiums 311961 22 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 Net perpetual premiums 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 12774550 losses occurring in previous years 456439 77 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 124849 and all amounts actually received for reinsur ance in other companies 4472880 total deductions 45977 29 782603 57 17075 78 67676 16 14778 84 8223 34 890357 69 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 5 Cost of underwriting companys additional stock 200 00000 reported last years statement 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 in cluding 5000 for companys occupancy of its own buildings 718344 advertising 142325 printing and stationery 871129 1013454 postage telegrams 410462 48 90000 00 35000 00 194049 06 96534 35 23743 88124 ComptrollerGenerals Report telephone and express 206223 legal expenses 250 furniture and fixtures 167145 maps including cor rections 485021 underwriters boards and tariff asso ciations 809982 fire department fire patrol and sal vage corps assessments fees taxes and expenses 6 79834 inspections and surveys 339029 repairs and expenses other than taxes on real estate 444238 taxes on real estate 423518 total 5502370 Aggregate amount of actual expenditures during the year in cash 904813 47 Business in the State of Georgia During the Year Fire risks written 848437 00 Premiums received gross 13848 92 Losses paid 563 47 Losses incurred 572 47 GLENS FALLS INSURANCE CO OF GLENS FALLS N Y J L Cunningham President E W West Secretary Principal Office Corner Glen and Bay Streets Glens Falls O F Simpson Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 200000 00 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 43885 23 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 805875 00 3 Interest due on all said bond and mortgage loans 217990 interest accrued thereon 162826 total 3808 16 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2850228 80 11 Total amount loaned on stocks bonds and all other se curities except mortgages 18000 00 12 Cash in companys principal offices 1025 90 13 Cash belonging to the company deposited in bank 449693 94 Total cash items 450719 84 15 Interest due and accrued on stocks not included in mar ket value uncollected 5676 25ComptrollerGenerals Eeport 125 16 Interest due and accrued on collateral loans and uncol lected 342 50 17 Cash in hands of agents and in course of transmission 210158 82 18 Bill receivable not matured taken for real estate sold 200 00 All other assets both real and personal viz Eents due and accrued 350 accrued interest on deposits 845 1195 00 Total assets of the company actual cash market value 4390089 60 Assets not admitted viz Agents balances over three months due 1188997 book value of bonds and stocks over market value 3092880 contingent depreciation in mortgage loans 2000000 total 62818 77 Total admitted assets 4327270 83 IIILiabilities 1 Losses unpaid 15198 82 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 111905 00 3 Losses resisted including interest costs and other expenses thereon 11550 00 4 Total gross amount of claims for losses 138653 82 5 Deduct reinsurance thereon 15131 31 6 Net amount of unpaid losses 123522 51 7 Gross premiums without any deduction recicved and receivable upon all unex pired fire risks running one year or less from date of policy 95483369 un earned premiums fifty per cent 477416 84 8 Gross premiums without any deduction recieved and receivable upon all unex pired fire risks running more than one year from date of policy 261542113 unearned premiums pro rata 1425438 29 11 Total unearned premiums as computed above carried out 1902855 13 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 scrip and net surplus 2046377 64 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 2080893 19 24 Aggregate amount of all liabilities including capital paid up and net surplus 4327270 83126 ComptrollerGenerals Report IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2333019 00 8 Deduct reinsurance and return premiums 516844 72 9 Net cash actually received for premiums carried out 1816174 28 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 193671 81 12 Income received from all other sources omitting increase if any in value of securities viz Rents 207249 207249 Total 195744 30 Balance profit and loss items 949 54 15 Aggregate amount of income actually received during the year in cash 2012868 12 VExpenditures During the Year 1 Gross amount actually paid for losses 827424 41 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 135652 and all amounts actually received for reinsur ance in other companies 10064353 total deductions 101999 90 Net amount paid during the year for losses 725424 51 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 60000 00 6 Paid for commissions or brokerage 384926 38 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 186612 79 8 Paid for State National and local taxes in this and other States 61848 25 9 All other payments and expenditures 93320 39 Aggregate amount of actual expenditures during the year in cash 1513024 14 Business in the State of Georgia During the Year Fire risks written 3539430 00 Premiums received gross 51647 28 Losses paid 18944 62 Losses incurred 21 116 32C0MPTK0LLERGrENERAls EePOET 127 GLOBE AND RUTGERS FIRE INSURANCE COMPANY OF NEW YORK E C Jameson President Lyman Candee Secretary Principal Office 7678 William Street New York J L Riley Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 2 Amount paid up in cash IIAssets 400000 00 400000 00 400000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 72945 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 65700 00 3 Interest due on all said bond and mortgage loans 1123 61 6 Total value of said mortgaged premises carried inside 139000 00 849965 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total par and market value of stocks and bonds 1 811320 00 1965269 50 12 Cash in companys principal office 1364 42 13 Cash belonging to the company deposited in bank 150773 34 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Manhattan reinsurance loss account 24713 82 974666 73 56661 60 Total assets of the company actual cash market value 4163183 02 IIILiabilities 1 Losses due and unpaid 82003 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 247691 00 3 Losses resisted including interest costs and other expenses thereon 19150 00 4 Total gross amount of claims for losses 348844 00 5 Deduct reinsurance thereon 29267 00 6 Net amount of unpaid losses 319577 00128 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 341759546 un earned premiums fifty per cent 1708797 73 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 88016407 unearned premiums pro rata 477482 73 11 Total unearned premiums as computed above carried out 2186280 46 17 Due for accrued salaries rent advertising and for agency and other miscellaneous expenses 53593 20 18 Amount of borrowed money 105000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 2664450 66 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other lia bilities 1098732 36 1498732 36 24 Aggregate amount of all liabilities including capital paid up and net surplus 4163183 02 IVIncome During the Year 1 Gross premiums in course of collection at close of last previous year as shown by that years statement 874800 35 3 Net collected 874800 35 4 Gross premiums on risks written and re newed during the year 4891757 44 5 Total 5766557 79 6 Deduct premiums and bills in course of collection at this date 974666 73 7 Entire premiums collected during the year 4791891 06 8 Deduct reinsurance and return premiums 1448760 11 9 Net cash actually received for premiums carried out 3343130 95 10 Received for interest on bonds and mortgages 2 365 00ComptrollerGenerals Eeport 129 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 108200 73 12 Income received from all other sources omitting increase if any in value of securities viz Rents 5542 00 Profit on sale of ledger assets 2608 33 15 Aggregate amount of income actually received during the year in cash 3461847 01 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 40441550 losses occurring in previous years 2237891 12 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 927578 and all amounts actually received for reinsur ance in other companies 22323949 total deductions 232515 27 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures viz Rents 5 50500 taxes real estate 76588 repairs on real estate 60235 borrowed money 3000000 miscellaneous 4520514 total Loss on sale of securities 2005375 85 120000 00 633937 72 85414 72 62654 94 82078 37 5438 40 Aggregate amount of actual expenditures during the year in cash 2994900 00 Business in the State of Georgia During the Year Fire risks written 1742361 00 Premiums received gross 35269 68 Losses paid 5431 51 Losses incurred 9431 51 9cg130 ComptrollerGenerals Report HAMBURGBREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY A Hammacher president pro tem H C Buchenberger Managing Director Principal Office in the United States 19 Liberty Street New York W F Pattillo Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 1500000 00 2 Amount paid up in cash 615000 00 3 Amount in notes of the stockholders 885000 00 IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1709299 58 10 Total amount loaned on stocks and bonds and all other securities except mortgages 25 000 00 13 Cash belonging to the company deposited in bank Bank of America New York City 51 985 56 17 Cash in hands of agents and in course of transmission 151408 10 Total assets of the company actual cash market value 1937693 24 IIILiabil ities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 109210 00 3 Losses resisted including interest costs and other expenses thereon 19915 00 4 Total gross amount of claims for losses 129125 00 5 Deduct reinsurance thereon 1835 00 6 Net amount of unpaid losses 127 290 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 118131207 un earned premiums fifty per cent 59065604 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 157000560 unearned premiums pro rata 820738 62 11 Total unearned premiums as computed above carried out 1411394 66ComptbollebGeneeals Eepoet 131 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Balances due agents 6960 50 20 Total amount of all liabilities except capital stock scrip and net surplus 3545645 16 23 Surplus beyond capital and all other liabilities 392048 08 24 Aggregate amount of all liabilities including capital paid up and net surplus 1937693 24 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year 2003271 59 5 Total 2003271 59 7 Entire premiums collected during the year 2003271 59 8 Deduct reinsurance and return premiums 32840774 9 Net cash actually received for premiums carried out 1674863 85 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 73040 27 14 Amount of remittances from home office during the year 35994 21 15 Aggregate amount of income actually received during the year in cash 1747904 12 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 49684080 losses occurring in previous years 1326907 37 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 696500 and all amounts actually received for reinsur ance in other companies 12458906 total deductions 131554 06 3 Net amount paid during the year for losses 1195353 31 6 Paid for commissions or brokerage 327641 34 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 198453 88 8 Paid for State National and local taxes in this and other States 55895 90 132 ComptrollerGenerals Eeport 9 All other payments and expenditures viz Rents print ing advertising postage legal expenses furniture and fixtures maps underwriters and fire patrol assessments etc 106765 69 10 Amount sent to home office during the year 167469 50 Aggregate amount of actual expenditures during the year in cash 1884110 12 Business in the State of Georgia During the Year Fire risks written 1508635 00 Premiums received gross 25571 64 Losses paid 11314 92 Losses incurred 8 529 92 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y R Emory Warfield President Joseph MeCord Secretary Principal Office 34 Pine Street New York F A McCarroll Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 000 000 00 2 Amount paid up in cash 1000000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1 129 473 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 500 00 3 Interest accrued on all said bond and mortgage loans 14 58 4 Value of lands mortgaged exclusive of buildings and perishable improvements 2500 00 5 Value of buildings mortgaged insured for 3500 as collateral 5000 00 6 Total value of said mortgaged premises carried inside 7500 00 7 Amount of other loans 200 000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2300805 33 11 Total amount loaned on stocks bonds and all other se curities except mortgages 200 000 00 12 Cash in companys principal office 10726 42ComptrollerGenerals Report 133 13 Cash belonging to the company in banks Bank of America 2074596 German American Bank 1701591 Central Trust Co 6038239 Seaboard National Bank 597274 Guarantee Trust Co Philadelphia 20000 total 104317 00 Total cash items 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 115043 42 1672 92 350541 53 13112 80 Total assets of the company actual cash market value 4114163 58 IIILiabilities 1 Losses due and accrued and unpaid 54737 80 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 163769 45 3 Losses resisted including interest costs and other expenses thereon 29046 63 4 Total gross amount of claims for losses 247553 88 5 Deduct reinsurance thereon 31671 95 6 Net amount of unpaid losses 215881 93 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 148343782 un earned premiums fifty per cent 741718 91 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 232702695 unearned premiums pro rata 1205610 67 259 54 11 Total unearned premiums as computed above carried out 1947589 12 19 All other demands against the company absolute and con tingent due and to become due admitted and Contested viz Commissions and brokerage 1324514 return premiums 236160 reinsurance 2758403 total 43190 77 20 Total amount of all liabilities except capital stock scrip and net surplus 2206661 82134 ComptrollerGenerals Eeport 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 907501 76 24 Aggregate amount of all liabilities including capital paid up and net surplus 4114163 58 IVIncome During the Year 7 Entire premiums collected during the year 2995499 78 8 Deduct reinsurance and return premiums 766048 00 9 Net cash actually received for premiums carried out 2229451 78 10 Received for interest on bonds and mortgages 175 00 11 Received for interests and dividends on stock and bonds collateral loans 110241 68 12 Income received from all other sources omitting increase if any in value of securities viz Rents 8156046 miscellaneous 37500 total 99 268 82 15 Aggregate amount of income actually received during the year in cash 2439512 28 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 24278971 losses occurring in previous years 1320850 93 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 495210 and all amounts actually received for reinsur ance in other companies 16436433 total deductions 169316 43 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 2242302 85 1151534 50 100000 00 447178 44 199484 83 62949 52 281155 56 Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid Losses incurred 3114436 21 34479 13 31453 72 26506 83ComptrollerGenerals Report 135 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN Geo L Chase President Thos Turnbull Asst Secretary Principal Office 125 Trumbull St Hartford Conn Thos Egleston 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 1085187 75 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 534000 00 3 Interest due on all said bond and mortgage loans 161250 interest accrued thereon 503651 6649 01 4 Value of land and buildings mortgaged 1279400 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12486294 33 11 Total par and market value and amount loaned thereon 101000 00 12 Cash and cash items in companys princi pal office 41483 56 13 Cash belonging to the company deposited in bank viz Connecticut Trust and Safe Deposit Company 72885124 J P Morgan Co New York 2767677 Hartford National Bank 30310796 American National Bank Hartford 76097 Imperial Bank of Canada Toronto Ont 2664584 American Ex change National Bank New York 32 47954 Union Trust Co San Francisco 3402775 AngloCalifornia National Bank San Francisco 1235763 North ern Trust Company Chicago 66 28598 1232193 68 Total cash items 1273677 24 15 Interest due and accrued on bonds not included in mar ket value uncollected 150232 86 16 Interest due and accrued on collateral loans and un collected 893 05136 ComptrollerGenerals Report 17 Cash in hands of agents and in course of transmission 1776611 J6 All other assets both real and personal viz rents due and accrued 141166 due from other companies for re insurance on losses already paid 2355081 24962 47 Gross premiums in course of collection not over three months due not debited to authorized agents 1481095 67 Total assets of the company actual cash market value 18920603 84 IIILiabilities 1 Losses adjusted and unpaid 324 472 99 2 Gross losses in process of adjustments or in suspense including all reported and supposed losses 773 oEd 98 3 Losses resisted including interest costs and other expenses thereon 99527 76 4 Total gross amount of claims for losses 1202092 73 5 Deduct reinsurance thereon 102 485 82 6 Net amount of unpaid losses 099 606 91 7 Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running one year or less from date of policy 1067649352 un earned premiums fifty per cent 5338246 76 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 1214956314 un earned premiums pro rata 6547 523 12 11 Total unearned premiums as computed above carried out 11885769 88 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commission 37490010 return premium 298 87650 673776 60 20 Total amount of all liabilities except capital stock scrip and net surplus 13659 153 39 21 Joint stock capital actually paid up in cash 2000000 CO 23 Surplus beyond capital and all other liabilities 3261450 45 24 Agggregate amount of all liabilities including capital paid up and not surplus 18920603 84ComptrollerGeneral s Report 137 IVrIncome During the Year 7 Entire premiums collected during the year 18372689 61 8 Deduct reinsurance and return premiums 3940861 35 9 Net cash actually received for premiums carried out 14431828 26 10 Received for interest on bonds and mortgages 30777 26 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 623903 02 12 Income received from all other sources omitting increase if any in value of securities viz Conscience money 42 00 15 Aggregate amount of income actually received during the year in cash 15088550 54 VExpenditures During the Year 1 Gross amount actually paid for losses including 123625801 losses occurring in previous years 7818988 00 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies total deductions 927562 15 Net amount paid during the year for losses 6891425 85 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 506054 61 6 Paid for commissions or brokerage 2660379 43 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 926638 11 8 Paid for State national and local taxes in this and other States 404216 08 9 All other payments and expenditures viz Borrowed money repaid 150000000 other expenditures 1129 96621 2629966 21 Aggregate amount of actual expenditures during the year in cash 14018630 29 Business in the State of Georgia During the Year Fire risks written 17235695 00 Premiums received gross 305028 05 Losses paid 172476 01 Losses incurred 159356 i7138 ComptrollerGenerals Report the home insurance company op new york Elbridge G Snow President Areunah M Burtis Secretary Principal Office 56 Cedar Street New York N Y Chas V Philips Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 3000000 00 2 Amount paid up in cash 3000000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1543892 06 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 102800 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 115500 00 5 Value of buildings mortgaged insured for 10730000 as collateral 115000 00 6 Total value of said mortgaged premises carried inside 230500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 16467630 00 13 Cash belonging to the company deposited in bank viz New York Trust Com pany 3521241 American Exchange National Bank 102937859 Hanover National Bank 27629471 United States Mortgage Trust Company 22072146 Colonial Branch Trust Company of America 5000000 1611607 17 Total cash items 1611607 17 17 Cash in hands of agents and in course of transmission 1135105 05 18 Bills receivable not matured taken for fire marine and inland risks 1663 10 Total assets of the company actual cash market value 20862697 OS IIILiabilities 1 Losses due and unpaid 205357 01 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 1407428 67Comptroller General s Report 139 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 82086 13 1694871 81 736205 51 6 Net amount of unpaid losses 958666 30 7 Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running one year or less from date of policy 655055700 un earned premiums fifty per cent 3275279 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 1060020300 un earned premiums pro rata 5661716 00 9 Gross premiums without any deduction including both cash and bills re ceived and receivable upon all unexpired inland navigation and marine risks 121 19900 unearned 50 per cent 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 121199 00 58103 00 11 Total unearned premiums as computed above carried out 16 Cash dividends to stockholders remaining unpaid com missions and brokerage 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance unpaid Reserve as a conflagration surplus 9116297 00 63077 60 521445 51 500000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 11159486 41 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liabilities 6703211 27 24 Aggregate amount of all liabilities including capital paid up and net surplus 20862697 68 Amount of unearned premiums represented by installment notesbeing the whole amount of such notes 1683420 71140 ComptbollebGeneeals Repobt IVIncome During the Year Fire Marine and Inland Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 235644 93 111596 86 Net collected 235644 93 111596 86 Gross premiums on risks written and renewed dur ing the year 14736066 48 513872 05 Total 14971711 41 625468 91 Deduct premiums and bills in course of collection at this date 224023 50 Entire premiums collected during the year 14747687 91 Deduct reinsurance and re turn premiums 4672586 55 107670 32 517798 59 244180 52 10 11 12 Net cash actually received for premiums 1007510136 273612 07 10348713 43 Received for interest on bonds and mortgages 5 609 50 Received for interests and dividends on stock and bonds collateral loans and from all other sources 7gi 409 Income received from all other sources omitting increase if any in value of securities viz Rents 18049874 other income 617767 gg gyg Aggregate amount of income actually received during the year in cash 11302469 8 VExpenditures During the Year Fire Marine and Inland 2 Gross amount actually paid for losses including 1 20998712 losses occurring in previous years 622212102 359675 91 Deduct all amounts actu ally received for salvages whether on losses of the last or of previous year 5417258 and all amountsComptrollerGenerals Report 141 actually received for rein surance in other com panies 200892399 to tal deductions 1443 12 196653 45 Net amount paid during the year for losses 4355677 90 16302156 4518699 46 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 600000 00 6 Paid for commissions or brokerage 1940690 99 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 565088 12 8 Paid for State national and local taxes in this and other States 253682 31 Expenses of adjustment and settlement of losses 103775 46 9 All other payments and expenditures viz Traveling ex penses 8692464 rents 8606528 advertising print ing and stationery 13410105 postage telegrams and express 8068405 legal expenses 92736 taxes and repairs on real estate 5622098 exchange 1175209 profit and loss and suspense account 1948646 inci dentals 29887372 total 775035 63 Aggregate amount of actual expenditures during the year in cash 8756971 97 Business in the State of Georgia During the Year Fire risks written 24317649 00 Premiums received gross 191285 31 Losses paid 135953 47 Losses incurred 121473 66 INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA Charles Platt President Greville E Fryer Secretary and Treasurer Home Office 232 Walnut Street Philadelphia Edward S Gay Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 3000000 00 2 Amount of ledger assets as per balance Dee 31 of previous year 10404086 09 4 Extended at 10404086 09142 ComptrollerGenerals Report IIIncome Marine and Inland Fire 5 Gross premiums 756601700 2815459 82 6 Deduct reinsurance rebate abatement and return premiums 1561958 40 594344 22 7 Total premiums other than perpetual 6004058 60 2221115 60 8225174 20 8 Deposit premiums written on perpetual risks gross 18528 47 9 Gross interest on mortgage loans 25903 52 10 Gross interest on collateral loans 230 44 11 Gross interest on bonds and dividends on stocks 328457 65 12 Gross interest on deposits 1830134 14 Gross rents from companys property in eluding 1000000 for companys occu pancy of its own buildings 25503 72 15 Total gross interest and rents 398396 67 16 Gross profit on sale or maturity of ledger assets viz Real estate 3000 bonds 203834 stocks 3500 8538 34 17 Gross increase in book value of ledger assets viz Bonds 2385 10 19 Perpetual permits transfer fees and earned deposits 3 041 46 20 Dividends from bad debts previously charged off 320 51 3361 97 28 Total income 8656384 75 IIIDisbursements Fire Marine and Inland 1 Gross amount paid policy holders for losses 3224822 80 1858735 93 2 Deduct amount received for salvage 20262034 and for reinsurance in other companies 535 79084 381244 21 357166 97 3 Net amount paid policy holders for losses 2843578 59 1501568 96 4345147 55 4 Expenses of adjustment and settlement of losses 31124 59 5 Deposit premiums returned 21 664 90CompteollebGeneeals Report 143 6 Paid stockholders for interest or dividends 360000 00 9 Commissions or brokerage 1761301 50 10 Allowances to local agencies for miscellaneous agency expenses 181760 25 11 Salaries 20189509 and expenses 3259440 of special and general agents 234489 49 12 Salaries fees and all other charges of officers directors trustees and home office employes 157888 15 13 Bents including 1000000 for companys occupancy of its own buildings 36497 47 14 Advertising 1435022 printing and stationery 4354197 57892 19 15 Postage telegrams telephone and express 36308 54 16 Legal expenses 8236 33 18 Maps including corrections 13557 90 19 Underwriters board and tariff associations 29875 57 20 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 6050 43 21 Inspections and surveys 30426 61 22 Repairs and expenses other than taxes on real estate 7053 72 23 Taxes on real estate 4892 58 24 State taxes on premiums 128869 95 25 Insurance Department licenses and fees 22817 99 26 All other licenses fees and taxes Pennsylvania tax on capital stock 3918010 Virginia Custody tax 2650 taxes on real estate sold in 1906 18172 municipal licenses 1041263 total 49800 95 27 Gross loss on sale or maturity of ledger assets viz Real estate 365000 bonds 112047 total 4770 47 28 Gross decrease in book value of ledger assets viz Real estate 20000 bonds 34700 stocks 315000 3697 00 30 Bad debts charged off 1749 85 31 Miscellaneous 31622 83 33372 68 Total disbursements 7567496 81 IVLedger assets 1 Book value of real estate 399138 75 2 Mortgage loans on real estate first liens 46368348 other than first 4300000 467983 48 4 Book value of bonds excluding interest 736533250 and stocks 92608750 8291420 00 5 Cash in companys office 2174 63 6 Deposited in trust companies and banks not on interest 94839 35 7 Deposited in trust companies and banks on interest 948760 78144 ComptrollerGenerals Report 8 Agents balances representing business written subsequent to October 1 1907 21531 86 9 Agents balances representing business written prior to October 1 1907 1227492 38 10 Bills receivable taken for marine and in land risks 39632 80 16 Total ledger assets11492974 03 NonLedger Assets 17 Interest due 82313 and accrued 302461 on mortgages 3847 74 18 Interest accrued on bonds 48769 98 52617 72 Total 11545591 75 26 Reinsurance elaims on losses paid 31490 95 28 Gross assets 11577082 70 Deduct Assets Not Admitted 32 Agents balances representing business written prior to October 1 1907 33 Bills receivable past due taken for marine inland and fire risks 35 Book value of ledger assets over market value viz Bonds 24392409 stocks 4303750 total 21531 86 485 00 308978 45 39 Total admitted assets 11268104 25 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of adjustment or in suspense including all reported and supposed losses 3 Gross claims for losses re sisted Fire 90215 59 Marine and Inland 357202 71 415400 00 24131 70 4 Total 471550 00 415400 00 5 Deduct reinsurance due or accrued 31550 00 78300 00 6 Net amount of unpaid losses and claims 440000 00 337100 00 777100 00ComptrollebGenebals Repobt 145 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of policy 385882009 unearned pre miums fifty per cent 1929410 05 8 Gross premiums received and receivable upon all unexpired fire risks running more than one year from date of policy 598038221 unearned premiums pro rata 3168086 51 9 Gross premiums cash and bills received and receivable upon all unexpired inland navigation and marine risks 491664 19 12 rotal unearned premiums as computed above 5589160 75 13 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the pre mium or deposit received 762185 64 19 Salaries rents expenses bills accounts fees etc due and accrued 323 31 21 Commissions brokerage and other charges due or to be come due to agents and brokers 55000 00 22 Return reinsurance premiums 16393 84 27 Total amount of all liabilities except capital 7200163 54 28 Capital actually paid up in cash 3000000 00 29 Surplus over all liabilities 1067940 71 Total 4067940 71 30 Surplus as regards policyholders 11268104 85 Business in the State of Georgia During the Year Fire Marine Inland Aggregate Risks written 1074724 00 28642654 00 34717378 00 Premiums received 113857 16 132716 27 246573 43 Losses paid 74483 29 68472 40 142955 69 Losses incurred 65683 82 69022 40 134706 22 THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA J Henry Scattergood President E R Dannels Secretary Principal office 300 Walnut Street Philadelphia Robt N Hughs Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 200000 00 200000 00 2 Amount paid up in cash 200000 00 10cg146 ComptrollerGenerals Report IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 276533 19 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 462377 12 12 Cash in companys principal office 17243 31 13 Cash belonging to the company deposited in Fourth Street National Bank 29608 86 Total cash items 46852 17 15 Interest due and accrued on bonds not included in mar ket value uncollected 3458 89 17 Cash in hands of agents and in course of transmission 117293 84 All other assets both real and personal 6950 96 Total assets of the company actual cash market value 913466 17 IIILiabilities 1 Losses unpaid not due 7103 77 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 47666 00 3 Losses resisted including interest costs and other expenses thereon 2487 00 4 Total gross amount of claims for losses 57256 77 5 Deduct reinsurance thereon 1747 76 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 40889750 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 18835914 unearned premiums pro rata 204448 75 126240 53 11 Total unearned premiums as computed above carried out 11 Vj Keclaimable on perpetual policies 90 per cent 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 55509 01 330689 28 141559 43 324 43ComptrollerGenerals Eeport 147 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Commissions 2603651 not reclaimable on perpetual reinsurance 542706 at 10 per cent 54270 total 26579 21 20 Total amount of all liabilities except capital stock scrip and net surplus 554661 36 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 158804 81 Aggregate amount of all liabilities including capital paid up and net surplus 913466 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 91275 72 3 Net collected 91275 72 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 788579 23 5Total 879854 95 6 Deduct premiums and bills in course of collection at this date 118870 59 7 Entire premiums collected during the year 760984 36 8 Deduct reinsurance and return premiums 255735 82 9 Net cash actually received for premiums 505248 54 9 Deposit premiums 7173 77 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 20335 36 12 Income received from all other sources omitting increase if any in value of securities 19157 55 15 Aggregate amount of income actually received during the year in cash 551915 22 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 2274874 losses occurring in previous years 276822 73 148 CompteollerGenerals Report 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 258473 and all amounts actually received for reinsur ance in other companies 1960369 total deductions 22188 42 Net amount paid during the year for losses 254634 31 6 Paid for commissions or brokerage 120244 75 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 36340 98 8 Paid for State National and local taxes in this and other States 7812 30 9 All other payments and expenditures viz Adjusting 323014 deposit premiums returned 3728619 office rent 3 13387 advertising printing and station ery 779751 postage telephone tele graph and express 301287 legal ex penses 28750 furniture and fixtures 98 maps 232050 underwriters asso ciation 330546 patrols 332806 in spections and surveys 13190 repairs to real estate 1125844 taxes on real estate 292982 licenses and fees 3 16109 miscellaneous expenses 228250 office expenses 71600 total 84279 85 Aggregate amount of actual expenditures during the year in cash 503312 19 JEFFERSON FIRE INSURANCE COMPANY OF PHILADELPHIA Sydney E Hutchinson President Charles B Jennings Secretary Principal Office 425 Walnut Street Philadelphia Robt N Hughs Atlanta Attorney for Service in Georgia ICapital 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 65 000 00ComptrollerGenerals Report 149 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 9600 00 3 Interest due on all said bond and mortgage loans 127 85 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 806381 25 12 Cash in companys principal office 7708 98 13 Cash belonging to the company deposited in banks Drexel Co 2756838 Brown Brothers Co 2104606 Conn Exchange National Bank 1865914 Trust Company of North America 13 57781 Oregon Trust Savings Co 2500000 Total cash items 15 Interest due and aecrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on deposits 17 Cash in hands of agents and in course of transmission Eeclaimable on perpetual insurance on companys build ing Total assets of the company actual cash market value 1177113 91 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 99401 13 4 Total gross amount of claims for losses 99401 13 5 Deduct reinsurance thereon 32793 30 113560 37 11652 93 698 61 169492 90 600 00 6 Net amount of unpaid losses 66607 83 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 82994518 un earned premiums fifty per cent 414972 59 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy unearned premiums pro rata 243903 89 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 1374297 6871 48 665747 96 Eeclaimable by assured on perpetual fire insurance poli cies being 9095 of deposit received 65565 36150 ComptrollerGenerals Eeport 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Accrued taxes 13306 37 20 Total amount of all liabilities except capital stock scrip and net surplus 811 227 52 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 165886 39 Aggregate amount of all liabilities including capital paid up and net surplus 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 3 Net collected 96 544 67 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1649625 52 1177113 91 96544 67 5 Total 1746170 19 6 Entire premiums and bills in course of collection at this date 169492 90 7 Entire premiums collected during the year 1576677 29 8 Deduct reinsurance and return premiums 494932 17 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 Gain on sales of assets 224586 earned on perpetuals cancelled 103269 total 1081745 12 1641 86 27702 23 5515 94 3278 55 15 Aggregate amount of income actually received during the year in cash 1119883 70 VExpenditures During the Year Fire Marine and Inland 1 Gross amount paid for losses including 33 62656 losses occurring in previous years 387866 47 18576 11ComptrollerGenerals Eeport 151 2 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 337246 and all amounts actually received for rein surance in other compa nies 5993756 total de ductions 54592 18 8717 84 Net amount paid during the year for losses 343132 56 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20000 00 6 Paid for commissions or brokerage 368835 56 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 24863 88 8 Paid for State National and local taxes in this and other States 25937 18 9 All other payments and expenditures viz Stationery and supplies 1357776 maps etc 429709 loeal boards and surveys 333427 rent postage express and telegraph and miscellaneous 1103328 total 37242 40 Loss on sale of assets real estate 8097 58 Aggregate amount of actual expenditures during the year in cash 823109 16 Business in the State of Georgia During the Year Fire risks written 1400238 00 Premiums received gross 31177 04 Losses paid 7832 26 Losses incurred 9327 71 LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OP 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 2 Amount of leder assets as per balance December 31 of previous year 12339527 05 4 Extended at 12339527 05152 ComptrollerGenerals Report IIIncome 5 Gross premiums written or renewed dur ing the year 13315102 29 6 Deduct reinsurance rebate abatement and return premiums 5293654 90 7 Total premiums other than perpetual 8 021 447 39 8 Deposit premiums written on perpetual risks gross 457 12 9 Gross interest on mortgage loans 137610 40 11 Gross interest on bonds and dividends on stocks 166905 00 12 Gross interest on deposits 24361 78 13 Gross interest from all other sources 150 00 14 Gross rents from companys property including 37150 for companys occu I pancy of its own buildings 88058 38 15 Total gross interets and rents 417 085 56 19 Premiums on life pojicies in force 734 93 20 Received from head office 533 491 50 28 Total income 8978216 55 IIIDisbursements 1 Gross amount paid policyholders for losses including 94019300 occurring in pre vious years 5694206 00 2 Deduct amount received for salvage 62 93809 and for reinsurance in other com panies 184903840 1911976 49 3 Net amount paid policyholders for losses 3 782 229 51 5 Deposit premiums returned 9 955 g4 9 Commissions or brokerage j 430 329 3 12 Salaries fees and all other charges of officers directors trustees and home office employees 44 492 06 13 Rents including 37150 for companys occupancy of its own buildings 63271 71 14 Advertising 4149248 printing and stationery 44 83357 86326 05 15 Postage telegrams telephone and express 42 705 27 16 Legal expenses fiP 17 Furniture and fixtures 737r KB 19 Underwriters boards and tariff associations 91 614 24 20 Fire department fire patrol and salvage corps assess ments fees taxes and expenses g k jo 21 Inspections and surveys 88V4 0ComptrollerGenerals Report 153 23 Taxes on real estate 30601 42 24 State taxes on premiums 184406 19 25 Insurance department licenses and fees 15560 05 26 Traveling Expenses 79554 72 Office expenses 61980 60 Various items of disbursement in suspense account 9738 26 28 Gross decrease in book value of ledger assets viz Bonds 10747 72 30 Life expenditure claims under life policies 11588 34 31 Remitted to home office 1825854 79 40 Total disbursements 8284701 38 IVLedger Assets 1 Book value of real estate all unincum bered 1848416 87 2 Mortgage loans on real estate all first liens 3381450 00 4 Book value of bonds excluding interest 399940090 and stocks 102462394 5024024 84 5 Cash in companys office 12138 16 6 Deposited in trust companies and banks not on interest 428276 75 7 Deposited in trust companies and banks on interest 700000 00 8 Agents balances representing business written subsequent to pctober 1 1907 1586771 00 9 Agents balances representing business written prior to October 1 1907 51964 60 16 Total ledger assets 13033042 22 NonLedger Assets 17 Interest due 198000 and accrued 40 98903 on mortgagesi 18 Interest accrued on bonds i 20 Interest accrued on other assets 21 Rents due 10691 and accrued 10 00000 on companys property or lease 22 Total 23 Market value of real estate over book value 25 Other nonledger assets viz Premiums due on perpet ual policies 42969 03 40095 25 188 90 10106 91 93360 09 7920 41 278 66 28 Gross assets 13134601 38 Deduct Assets Not Admitted 32 Agents balances representing business Written prior to October 1 1907 51964 60154 ComptrollerGenerals Eeport 35 Book value of ledger assets over market value 522424 84 38 Total 574389 44 39 Total admitted assets 12560211 94 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 1638484 60 3 Gross claims for losses resisted 59934 00 4 Total 1698418 60 5 Deduct reinsurance due or accrued 947754 77 6 Net amount of unpaid losses and claims 750663 83 7 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 5682 95792 unearned premiums fifty per cent 2841478 96 8 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 747838016 un earned premiums pro rata 4053697 90 12 Total unearned premiums as computed above 6895176 86 13 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received 212 644 28 14 Net premium reserve and all other liabilities except cap ital under the life insurance or any other special de partment 24708 26 21 Commissions brokerage and other charges due or to be come due to agents and brokers 20 000 00 22 Return premiums 7439853 reinsurance premiums 16080471 235203 24 27 Total amount of all liabilities except capital 8 138 396 47 30 Surplus as regards policyholders 4 421 315 47 31 Total liabilities 12560211 94ComptrollerGenerals Report 155 Business in the State of Georgia During the Year Fire risks written 19415952 00 Gross premiums received 267981 47 Losses paid 132954 26 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 Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 686336 96 4 Extended at 686336 96 IIIncome 5 Gross premiums 436633 32 6 Deduct reinsurance rebate abatement and return premiums 228053 23 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits 13 Gross interest from all other sources 20146 09 2083 19 119 74 3 Net amount paid policyholders for losses 6 Paid stockholders for interest or dividends amount de clared during the year 9 Commissions or brokerage 208580 09 15 Total gross interest and rents 22349 02 28 Total income 230929 11 IIIDisbursements 1 Gross amount paid policyholders for losses including 2580245 occurring in pre vious years 159305 20 2 Deduct amount received for salvage 7 80150 and for reinsurance in other com panies 4499020 52791 70 106513 50 9986 66 30262 19156 ComptrollerGenerals Report 12 Salaries fees and all other charges of officers directors trustees and home office employees 14 Advertising 84488 printing and stationery 139653 15 Postage telegrams telephone and express 16 Legal expenses 19 Underwriters boards and tariff associations 20 Eire department fire patrol and salvage corps assess ments fees taxes and expenses 21 Inspections and surveys 24 State taxes on premiums 25 Insurance department licenses and fees 26 All other licenses fees and taxes Office and traveling expenses 27 Gross loss on sale or maturity of ledger assets viz Bonds 40 Total disbursements IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 31072066 and stocks 21470747 6 Deposited in trust companies and banks not on interest 7 Deposited in trust companies and banks on interest 8 Agents balances representing business written subse quent to October 1 1907 16 Total ledger assets NonLedger Assets 17 Interest due and accrued on mortgages 18 Interest due and accrued on bonds 22 Total 28 Gross assets Deduct Assets Not Admitted 35 Book value of ledger assets over market value viz 39 Total admitted assets VLiabilities 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 45200 00 5 Deduct reinsurance due or accrued 17763 00 5181 25 2241 41 1139 76 275 77 161723 204 58 1576 52 8419 53 923 66 664 85 706 47 169713 32 50000 80 525428 13 11674 66 65000 00 95449 96 747552 75 1145 80 2862 50 4008 30 751561 05 97896 88 653664 17 6 Xct amount of unpaid losses and claims 27437 00ComptrollerGenerals Eeport 157 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 20163458 un earned premiums fifty per cent 100817 28 8 Gross premiums less einsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 15964495 unearned premiums pro rata 87130 60 12 Total unearned premiums as computed above 187947 88 19 Salaries rents expenses taxes bills accounts fees etc due and accrued 7500 00 21 Commissions brokerage and other charges due or to be come due to agents and brokers 4000 00 22 Return premiums 588110 reinsurance premiums 9 41486 15295 96 27 Total amount of all liabilities except capital 242180 84 28 Capital actually paid up in cash 200000 00 29 Surplus over all liabilities 211483 33 30 Surplus as regards policyholders 411483 33 31 Total liabilities 653664 17 Business in the State of Georgia During the Year 21 Risks written 1637410 00 22 Gross premiums received 23652 22 23 Losses paid excluding reinsurance 10770 60 24 Losses incurred excluding reinsurance 7599 45 LONDON ASSURANCE CORPORATION OF LONDON ENGLAND Charles L Case United States Manager Principal Office in United States 84 William Street New York City W F Manry Atlanta Attorney for Service in Georgia ICapital Whole amount of capital deposit 625000 00 IIAssets 9 Total par and market value of stocks and boDds owned absolutely by the company carried out at market value 2226019 38158 ComptrollerGenerals Report 12 Cash in companys principal office 13 Cash belonging to the company deposited in banks Bank of New York New York 29651731 Commercial Exchange Bank Chicago 1534510 Wells Fargo Nevada National Bank San Francisco 856311 First National Bank New York 1089287 2273 82 Total cash items 333592 21 15 Interest due and accrued on bonds not included in mar ket value uncollected 29604 58 17 Cash in hands of agents and in course of transmission 405826 91 Due from other companies for reinsurance on losses al ready paid 1954 67 Total assets of the company actual cash market value 2996997 75 IIILiabilities 1 Losses due and unpaid 8 00 Losses not yet due 12588 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 229610 00 3 Losses resisted including interest costs and other expenses thereon 61667 00 4 Total gross amount of claims for losses 303873 00 5 Deduct reinsurance thereon 104021 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 128342740 un earned premiums fifty per cent 641713 70 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 183914918 unearned premiums pro rata 1019195 85 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 7662534 unearned fifty per cent 38312 07 199852 00ComptrollerGeneral s Report 159 10 11 17 19 20 23 24 Gross premiums without any deduction received and receivable on all unexpired marine risks 7966985 unearned 63 50213 73 Total unearned premiums as computed above carried out 1749435 95 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 30850 75 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 4932 reinsurance premiums 5075363 total 50802 95 Total amount ot all liabilities except capital stock scrip and net surplus 2030941 65 Surplus beyond capital and all other liabilities 966056 10 Aggregate amount of all liabilities including capital paid up and net surplus 2996997 75 IVIncome During the Year Fire Marine and Inland Gross premiums and bills in course of collection at close of last previous year as shown by that years statement Net collected Gross premiums on risks written and renewed dur ing the year as shown in risk and premium exhibit 2575950 45 1038104 91 374875 06 105624 79 374875 06 105624 79 Total 2950825 51 1143729 70 Deduct premiums and bills in course of collection at this date 363927 75 134048 21 Entire premiums collected during the year 2586897 76 1009681 49 Deduct reinsurance and re turn premiums 668309 69 569069 52 Net cash actually received for premiums carried out 1918588 07 440611 97 Total 2359200 04160 ComptrollerGenerals Report 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 93908 69 12 Income received from all other sources omitting increase if any in value of securities viz Bonds redeemed 352500 00 14 American branches of foreign companies will please re port amount of remittances from home office during the year 23371 61 15 Aggregate amount of income actually received during the year in cash 2828980 34 VExpenditures During the Year Fire Marine and Inland 1 Gross amount actually paid for losses including 27862305 losses occur ring in previous years 2 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 4873813 and all amounts actually received for rein surance in other compa nies 38990967 total deductions 875068 27 664440 41 114664 14 323983 66 Net amount paid during the year for losses 760404 13 340456 75 Total 1100860 88 Expenses of adjustments and settlements of losses 26744 75 Traveling 27067 20 6 Paid for commissions or brokerage 462499 94 7 Paid for salaries fees and other charges of offieers clerks agents and all other employees 163070 05 8 Paid for State National and local taxes in this and other States 67760 43 9 All other payments and expenditures viz Advertising 560876 stationery 1372516 rents 2139336 ex press telegrams and postage 1658088 legal expenses 67437 furniture 659883 maps 623663 under writers boards 2551955 inspections and surveys 8 02098 miscellaneous 1084043 total 115198 95 Bonds and stocks purchased 560 053 47 ComptrollebGeneeals Repobt 10 American branches of foreign companies will please re port amount sent to home office during the year 161 445104 28 Aggregate amount of actual expenditures during the year in cash 2968359 95 Business in the State of Georgia During the Year Fire Marine Inland Aggregate Fire marine and inland risks written 999999 00 164338 00 1164337 00 Premiums received gross 17042 99 575 56 17618 55 Losses paid 10650 43 10650 43 Losses incurred 5669 43 5669 43 LONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Archibald G Mcllwaine Jr United States Manager Principal Office in United States 57 and 59 William Street New York Frederick W Cole Atlanta Attorney for Service in Georgia IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 350000 00 9 Total part and market value of stocks and bonds owned absolutely by the company carried out at market value 2057829 92 12 Cash in companys principal office 10722 85 13 Cash belonging to the company deposited in bank 341605 14 Cash in hands of U S Trustee 49987 47 Total cash items 402315 46 15 Interest due and accrued on stocks not included in mar ket value uncollected 32308 24 16 Interest due and accrued on other assets 193042 17 Cash in hands of agents and in course of transmission 386092 44 18 Bill receivable not matured taken for fire marine and inland risks Total 348322 less past due 142572 2057 50 All other assets both real and personal viz Rents due and accrued 32726 due from other companies for reinsurance on losses already paid 1257677 bal ances due from other companies 1078793 total 23691 96 Total assets of the company actual cash market value 3256225 94 Premiums over three months due 5139 08 11cg162 COMPTROLLERGrENERAls REPORT IIILiabilities 1 Losses due and unpaid 23785 losses not due 6400 total 30185 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 160109 05 3 Losses resisted including interest costs and other expenses thereon 43712 00 4 Total gross amount of claims for losses 234006 05 5 Deduct reinsurance thereon 55820 26 6 Net amount of unpaid losses 178185 79 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 149415778 un earned premiums fifty per cent 747078 89 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 256245018 unearned premiums pro rata 1385566 57 11 Total unearned premiums as computed above carried out 2132645 46 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 18 Taxes due and accrued 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Unpaid return premiums 126104 un paid reinsurance premiums 2130335 total 2256439 less commissions 522669 Due Orient Insurance Co of Hartford Conn since paid 1953 90 38406 41 17337 70 28661 87 20 Total amount of all liabilities except capital stock scrip and net surplus 2397191 13 23 Surplus beyond capital and all other liabilities 859034 81 24 Aggregate amount of all liabilities including capital paid up and net surplus 3256225 94 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 484687 39ComptrollerGenerals Report 163 3 Net collected 484687 39 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3365813 45 5 Total 3850500 84 6 Deduct premiums and bills in course of collection at this date 496252 40 7 Entire premiums collected during the year 3354248 44 8 Deduct reinsurance and return premiums 106923853 9 Net cash actually received for premiums carried out 2285009 91 11 Received for interests anddividends on stock and bonds collateral loans and from all other sources 97655 40 12 Income received from all other sources omitting increase if any in value of securities viz Rents 13962 85 14 American branches of foreign companies will please re port amount of remittances from home office during the year 25352 57 15 Aggregate amount of income actually received during the year in cash 2396628 16 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 15255866 losses occurring in previous years 1543372 15 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1472850 and all amounts actually received for reinsur ance in other companies 74698518 total deductions 761713 68 Net amount paid during the year for losses 781658 47 6 Paid for commissions or brokerage 404098 00 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 168056 20 8 Paid for State National and local taxes in this and other States 87365 54 9 All other payments and expenditures viz Rents 19 86899 advertising printing and stationery 2177201 postage and telegrams 1835114 surveys and inspec tions 1236145 boards and associations 3177878 traveling 3317751 miscellaneous 2546224 total 162772 12 Real estate expenses and taxes including 2292817 ex traordinary alterations and repairs 37584 90164 ComptrollerGenerals Report 10 American branches of foreign companies will please re port amount sent to home offices during the year 679828 85 Aggregate amount of actual expenditures during the year in cash 1641535 23 business in the State of Georgia During the Year Fire risks written 5565389 00 Premiums received gross 58938 72 Losses paid 55711 72 Losses incurred 50562 72 LUMBER INSURANCE COMPANY OF NEW YORK G A Mitchell President R A McKelvey Secretary Principal Office 84 William Street New York P B Marsh Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 200000 00 200000 00 2 Amount paid up in cash 200000 00 IIAssets 9 Total part and market value of stocks and bonds owned absolutely by the company carried out at market value 332150 00 13 Cash belonging to the company deposited in banks Sea board National New York 967086 Marine National Buffalo 7207026 Manufacturers Graders Buffalo 2028563 total cash items 102126 75 15 Interest due and accrued on bonds not included in mar ket value uncollected 3958 33 17 Cash in hands of agents and in course of transmission 55384 29 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 332 99 Miscellaneous 161802 36 Total asset of the company actual cash market value 493952 36 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 7757 45 3 Losses resisted including interest costs and other expenses thereon 3345 10 4 Total gross amount of claims for losses 11102 55CoMPTROLLERGrENERAls REPORT 165 5 Deduct reinsurance thereon 2554 86 6 Net amount of unpaid losses Unearned premiums fifty per cent 128390 31 Unearned premiums pro rata 7324 04 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission 1682076 reinsurance 25093 total 20 Total amount of all liabilities except capital stock scrip and net surplusi 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 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 35968 05 3 Net collected 35968 05 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 464 738 72 5 Total 500706 77 6 Deduct premiums and bills in course of collection at this date 55384 29 7 Entire premiums collected during the year 445322 48 8 Deduct reinsurance and return premiums 189475 42 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 Discounts on losses paid 69488 Shawnee Fire Insurance Company for loss reinsurance Lumber Insurance Company on loss which was paid by Lumber Insurance Co 1906 49692 1547 69 135714 35 17071 69 161333 73 200000 00 132618 63 493952 36 255847 0G 255847 06 13057 48 1191 75 Aggregate amount of income actually received during the year in cash 270096 29166 ComptrollerGenerals Eepobt VExpenditures During the Year 1 Gross amount actually paid for losses including 13 37142 losses occurring in previous years 164181 86 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 49684 and all amounts actually received for reinsur ance in other companies 49072 80 total deductions 49569 64 Net amount paid during the year for losses 114612 22 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20000 00 6 Paid for commissions or brokerage 13923 19 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 6491 00 8 Paid for State National and local taxes in this and other States 5839 97 9 All other payments and expenditures viz Adjusting charges 95003 commission paid to general agency 5212433 legal expense 263517 furniture 45521 auditing 750 fidelity bonds 13220 moving 10228 administration 74017 total 57889 39 Savannah bonds 10162 50 Aggregate amount of actual expenditures during the year in cash 228 918 27 Business in the State of Georgia During the Year Fire risks written 119510 00 Premiums received gross 3448 59 Losses paid 71 Losses incurred 71 LUMBER MUTUAL INSURANCE CO OF BOSTON MASS George W Gale President Harry E Stone Secretary Principal Office 141 Milk Street Boston Mass Wm A Wright Insurance Commissioner Attorney for Service in Georgia IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 230165 75 12 Cash in companys principal office 147 36 13 Cash belonging to the company deposited in banks 98626 46 Total cash items 77382ComptrollerGenerals Report 167 15 Interest due and accrued on bonds not included in mar ket value uneollected 16 Agents balances representing business written subse quent to October 1 1907 17 Office premiums in course of collection written subse quent to October 1 1907 4 Total gross amount of claims for 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 24614943 unearned premiums fifty per cent 123074 72 11 Total unearned premiums as computed above carried out 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 120388 for contingent commissions estimated 144655 20 Total amount of all liabilities except net surplus 23 Surplus beyond all other liabilities 24 Aggregate amount of all liabilities including net surplus 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 20568 46 3 Net collected 20568 46 4 Gross premiums on risks written and re newed during the year 283318 47 2494 09 11085 69 15264 87 Total assets of the company actual cash market value 357784 22 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 583 25 3 Losses resisted including interest costs and other expenses thereon 2500 00 3083 25 123074 72 384 29 2650 43 129192 69 228591 53 357784 22 5 Total 303886 93168 ComptrollerGenerals Report 6 Deduct premiums and bills in course of collection at this date 26350 56 Entire premiums collected during the year 277536 37 Deduct rebate 31343 and return prem iums 3015659 30470 02 9 10 11 12 15 Net cash actually received for premiums carried out Received for interest on bonds 916620 and mortgages 2000 Received for interest on deposits in trust companies and banks Overdue premium 179 discount on bill 124 discount on losses 52173 Income received from all other sources omitting increase if any in value of securities viz From Edward J Johnson for rent services etc Old accounts previously charged off 32204 adjusting and inspection 59500 Aggregate amount of income actually received during the year in cash VExpenditures During the Year Gross amount actually paid for losses in eluding 553887 losses oeurring in pre vious years 247066 35 9186 20 3925 9 524 76 2696 25 917 04 264316 51 79100 86 Net amount paid during the year for losses 79100 86 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 80854 77 Expenses of adjustment and settlement of losses 705 07 Legal expenses 909 95 Inspections and surveys 2084 81 Paid for salaries fees and other charges of officers clerks agents and all other employees 19703 26 Rent 1500 00 Paid for State National and local taxes in this and other States 3950 97 Advertising printing and stationery 190990 postage telephone and telegraph expenses 217337 4083 27 All other payments and expenditures viz Furniture and fixtures 31142 office expenses 174017 inspections 1262247 14674 00 Interest accrued on notes and bonds purchased 511 66 Aggregate amount of actual expenditures during the year in cash 208078 68ComptrollerGenerals Report 169 Business in the State of Georgia During the Year Fire risks written 203458 33 Premiums received gross q 334 29 Losses paid 3f802 22 Losses incurred 3 802 22 MERCANTILE MUTUAL FIRE INSURANCE CO OF RHODE ISLAND Henry T Grant President Alfred U Eddy Secretary Principal Office 10 Weybosser Street Providence R I Wm A Wright Insurance Commissioner Attorney for Service in Georgia IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 196450 00 10 Amount loaned on stocks and bonds and all other securi ties except mortgages 3000 00 13 Cash belonging to the company deposited in bank Indus trial Trust Co 15j603 41 15 Interest due and accrued on stocks not included in mar ket value uneollected 2 644 00 16 Interest due and accrued on collateral loans and uneol lected 75 00 17 Cash in hands of agents and in course of transmission 14197 78 Total assets of the company actual cash market value 231970 19 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 11842 6 Net amount of unpaid losses Hg 42 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 24543480 un earned premiums fifty per cent 122717 40 11 Total unearned premiums as computed above carried ont 122717 40 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Taxes due April 1 1908 4908 68 20 Total amount of all liabilities except Capital Stock scrip and net surplus 127744 50170 ComptrollerGenerals Report 23 Surplus beyond capital and all other liabilities 104225 60 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 231970 19 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement1 4470 96 3 Net collected 4470 96 4 Gross premiums and risks written and re newed during the year 268327 42 5 Total 272798 38 6 Deduct premiums and bills in course of collection at this date 14197 78 7 Entire premiums collected during the year 258600 60 8 Deduct reinsurance and return premiums 16893 70 9 Net cash actually received for premiums carried out 11 Eeceived for interests and dividends on stocks and bonds collateral loans and from all other sources 241706 90 10181 58 15 Aggregate amount of income actually received during the year in cash 251888 48 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 840457 losses occurring in previous years 44497 98 3 Net amount paid during the year for losses 4 Cash Dividends actually paid stockholders amount of stockholders dividends declared during the year 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures viz Rent travel inspection office and incidental 44497 98 185131 14 15320 00 4733 79 8557 06 Aggregate amount of actual expenditures during the year in cash 258239 97ComptrollerGenerals Keport 171 Business in the State of Georgia During the Year Fire risks written 1445570 00 Premiums received gross 10462 00 Losses paid 172 24 Losses incurred 172 24 MICHIGAN COMMERCIAL FIRE INSURANCE COMPANY OF LANSING MICHIGAN Frank A Hooker President A D Baker Secretary Principal Office 118 West Ottawa St Lansing Michigan Rhodes Browne Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 300000 00 2 Amount paid up in cash 300000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 13100 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 423532 65 3 Interest due on all said bond and mortgage loans 36432 interest accrued thereon 536589 5730 21 4 Value of lands mortgaged exclusive of buildings and perishable improvements 323375 00 5 Value of buildings mortgaged insured for 49983692 as collateral 804990 00 6 Total value of said mortgaged premises carried inside 1128365 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 308070 43 11 Total par and market value and amount loaned thereon 7470 00 12 Cash in companys principal office 4850 00 13 Cash belonging to the company deposited in bank viz City National Bank Lan sing Mich total 92426 10 Total cash items 97276 JO Interest accrued on bank deposits 133 37 15 Interest due and accrued on bonds not included in mar ket value uneollected 4993 06172 ComptrollerGenerals Report 16 Interest due and accrued on collateral loans and un collected 184 05 Agents balances representing business written subsequent to October 1 1907 181327 37 Agents balances representing business written prior to October 1 1907 912 21 Deduct assets not admitted 1042729 45 Agents balances representing business written prior to October 1 1907 912 21 Total admitted assets 1041817 24 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 92600 46 3 Losses resisted including interest costs and other expenses thereon 5500 00 4 Total gross amount of claims for losses 98100 46 5 Deduct reinsurance thereon 26052 59 6 Net amount of unpaid losses 72047 87 7 Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running one year or less from date of policy 58088865 un earned premiums fifty per cent 290444 33 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 41238345 unearned premiums pro rata 262590 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 30875 154 38 Excess of original premiums over amount received for reinsurance 231968 un earned premiums pro rata 1278 59 11 Total unearned premiums as computed above carried out 554463 05 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions due 4908 44 20 Total amount of all liabilities except capital stock scrip and net surplus 631424 36ComptrollerGenerals Report 173 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 300000 00 110392 88 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year Fire 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 136894 77 3 Net collected 136894 77 4 Gross premiums on risks written and renewed dur ing the year 1534432 02 Marine and Inland 32698 58 5 Total 1671317 79 32698 58 6 Deduct premiums and bills in course of collection at this date 180334 72 1904 86 7 Entire premiums collected during the year 1490983 07 30793 72 8 Deduct reinsurance and re turn premiums 690104 32 28089 31 9 Net cash actually received for premiums 800878 75 2704 41 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 Premiums on bonds sold Profit from purchase of bonds below par 15 Aggregate amount of income actually received during the year in cash 803583 16 14709 72 17472 82 1575 00 148 40 837489 10174 ComptrollerGenerals Report VExpenditures During the Year 1 Gross amount actually paid for losses including 63 85514 losses occurring in previous years 2 Deduct all amounts act ually received for sal vages whether on losses of the last or of previous year 201773 and all amounts actually received for reinsurance in other companies 14631532 total deductions Fire Marine and Inland 477869 98 13164 23 136867 06 11645 99 Net amount paid during the year for losses 342002 92 1698 24 34270116 6 Paid for commissions or brokerage 183845 39 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 38593 06 8 Paid for State national and local taxes in this and other States 27548 02 9 All other payments and expenditures viz Adjustment expenses 573182 traveling expenses 2490242 rents 90000 advertising 301812 printing and sta tionery 1203422 postage telegrams and express 879037 insurance deposit fees 531512 furniture and fixtures 349325 maps and inspections 717921 miscellaneous expenses 1225311 83617 64 Premiums on bonds and mortgages purchased 2222 80 Aggregate amount of actual expenditures during the year in cash 678528 97 Business in the State of Georgia During the Year Fire risks written 850622 00 Premiums received gross 13177 38 Losses paid 3404 22 Losses incurred 4603 22ComptrollerGeneral s Report 175 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MILWAUKEE WIS William L Jones President Oscar Griebling Secretary Principal Office 442 and 444 City Hall Square Milwaukee Wis E E Paschall Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 500000 01 2 Amount paid up in cash 500000 00 IIAssets 1 Market value of real estate owned by the company less the amount of ineumbrances thereon 105000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1137744 21 3 Interest due on all said bond and mortgage loans 2 56637 interest accrued thereon 1667616 19242 53 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1524152 00 5 Value of buildings mortgaged insured for 101184100 as collateral 1362300 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1135728 50 11 Total amount loaned on stocks and bonds and all other se curities except mortgages 35000 00 12 Cash in companys principal office 13925 20 13 Cash belonging to the company deposited in bank First National Bank of Milwaukee 112247 04 Total cash items 126172 24 15 Interest due and accrued on stocks and bonds not included in market value uncollected 10258 75 17 Cash in hands of agents and in course of transmission 207885 28 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 1243 97 Deposit Milwaukee Board of Fire Underwriters 100 00 Deduct ledger liabilities viz Due reinsurance companies 925207 reserve retained for reinsurance company 10904700 reserve for other claims 636279 2778375 48 124661 86 Total assets of the company actual cash market value 2653713 62176 ComptrollebGeneeals Report IIILiabilities 1 Losses not yet due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 37059 25 62119 95 6089 40 105268 60 25218 96 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 82443061 un earned premiums fifty per cent 412215 31 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 203179630 unearned premiums pro rata 1079484 69 80049 64 11 Total unearned premiums as computed above carried out Reserve for taxes 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 1491700 00 30000 00 1601749 64 500000 00 551963 98 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 267842 38 3 Net collected 267842 38 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2018286 07 2653713 62 5 Total 2286128 45 6 Deduct premiums and bills in course of collection at this date 277180 37ComptrollerGenerals Report 177 7 Entire premiums collected daring the year 2008948 08 8 Deduct reinsurance and return premiums 571696 93 9 Net cash actually received for premiums carried out 1437251 15 10 Received for interest on bonds and mortgages 50866 84 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 57961 26 12 Income received from all other sources omitting increase if any in value of securities viz Rents 411000 profit on sale of 4110 00 Ledger assets 901 85 15 Aggregate amount of income actually received during the year in cash 1551091 10 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 8009194 losses occurring in pre vious years 716650 86 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 265953 and all amounts actually received for reinsur ance in other companies 12318842 total deductions 125847 95 Net amount paid during the year for losses 590802 91 4 Cash dividends actually paid stockhold ers amount of stockholders dividends declared during the year 65000 00 6 Paid for commissions or brokerage 376345 40 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 100465 49 8 Paid for State national and local taxes in this and other States 71131 97 9 All other payments and expenditures viz Adjusting and traveling 4315144 rents 504000 ad vertising printing and stationery 1532734 63518 78 Postage telegraph telephone and express 1411239 re pairs on real estate 1013317 loss on agents accounts 748885 exchange 239750 34131 41 Interest paid Munich reinsurance company in reserve fund 582753 miscellaneous 1883581 decrease value of ledger assets 8340505 108068 39 Aggregate amount of actual expenditures during the year in cash 1409464 35 12eg178 ComptrollerGenerals Beport Business in the State of Georgia During the Year Fire risks written 901624 00 Premiums received gross 14548 75 Losses paid 10895 83 Losses incurred 9870 08 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN James Nichols President B R Stillman Secretary Principal Office 95 Pearl Street Hartford Conn W R Kimbell Attorney for Service in Georgia 1Capital 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 462189 07 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 658092 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 595100 00 5 Value of buildings mortgaged insured for 76866300 as collateral 1279900 00 6 Total value of said mortgaged premises carried inside 1875000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 5459041 00 12 Cash in companys principal office 951 23 13 Cash belonging to the company deposited in bank Charter Oak National Bank 22597107 State Bank 1407570 Aetna National Bank 159786 241644 63 Total cash items 242595 36 17 Cash in hands of agents and in course of transmission 632047 35 Total assets of the company actual cash market value 7453965 28ComptrollerGenerals Report 179 IIILiabilities 1 Losses not due and unpaid 247595 97 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 456477 88 3 Losses resisted including interest costs and other expenses thereon 30775 00 4 Total gross amount of claims for losses 734848 85 5 Deduct reinsurance thereon 257646 51 11 6 Net amount of unpaid losses 477202 34 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 389506292 un earned premiums fifty per cent 1947531 46 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 482775135 unearned premiums pro rata 2525570 72 Total unearned premiums as computed above carried out 4473102 18 20 Total amount of all liabilities except capital stock scrip and net surplus 4950304 52 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1503660 76 24 Aggregate amount of all liabilities including capital paid up and net surplus 7453965 28 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 9059417 72 8 Deduct reinsurance and return premiums 3195922 45 9 Net cash actually received for premiums carried out 5863495 27 10 Received for interest on bonds and mortgagegs 34333 71 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 206784 62 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1404971 profit on sale of securities and agents balances 82741 14877 12 15 Aggregate amount of income actually received during the year in cash 6119490 72180 ComptrollerGenerals Report VExpenditures During the Year 1 Gross amount actually paid for losses in eluding 40305185 losses occurring in previous years 3489884 70 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1733218 and all amounts actually received for reinsur ance in other companies 102110069 total deductions 1038432 87 Net amount paid during the year for losses 2451451 83 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 110000 00 6 Paid for commissions or brokerage1062391 13 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 449048 05 8 Paid for State national and local taxes in this and other States 185269 54 9 All other payments and expenditures viz Borrowed money 45000000 interest on borrowed money 9 21320 advertising 1825025 printing stationery 2860282 other expenses 42006318 profit and and loss 1267578 93889523 Aggregate amount of actual expenditures during the year in cash 5197055 78 Business in the State of Georgia During the Year Fire risks written 4106988 00 Premiums received gross 46162 55 Losses paid 22387 07 Losses incurred 15568 29 NATIONAL UNION FIRE INSURANCE CO OF PTTTSBURG PA E E Cole President B D Cole Secretary Principal Office 401 Wood Street Pittsburg Pa F C Robinson Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of caital stock 1000000 00 2 Amount paid up in cash 750000 00 IIAssets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 309297 00ComptrollerGenerals Eeport 181 3 Interest accrued on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 606980 00 5 Value of buildings mortgaged 296160 00 6 Total value of said mortgaged premises carried inside 903140 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 10 Amount loaned on stocks and bonds and all other securi ties except mortgages 12 Cash in companys principal offices 12291 64 13 Cash belonging to the company deposited in bank Mellon National Bank of Pittsburg Pa 6849808 Second Na tional Bank of Pittsburg Pa 29065 92 Colonial Trust and Savings Bank Chicago 111 1016925 Wilkensburg Real Estate and Trust Co Wilkensburg Pa 1053971 UnionNational Bank Pittsburg Pa 519217 Metropolitan State Bank Minneapolis Minn 3065 18 Wells Fargo Nevada National Bank San Francisco Cal 725177 total 133782 08 5711 44 1687635 00 30000 00 Total cash items 146073 72 15 Interest due and accrued on bonds not included in mar ket value uncollected 12109 68 16 Interest due and accrued on collateral loans and uncol lected 187 92 17 Cash in hands of agents and in course of transmission 308368 23 18 Bills receivable not matured taken for fire risks 6918 99 Total assets of the company actual cash market value 2506301 98 IIILiabilities 1 Losses not due and unpaid 11658 27 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 113933 65 3 Losses resisted including interest costs and other expenses thereon 19437 50 i 4 Total gross amount of claims for losses 145029 42 5 Deduct reinsurance thereon 35780 66 6 Net amount of unpaid losses 109248 76182 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 98751665 un earned premiums fifty per cent 493758 32 8 Gross premiums without and deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 137777267 unearned premiums pro rata 779164 62 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 Reinsurance premiums unpaid 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 4920 47 33190 46 1415362 16 750000 00 340939 82 2506301 98 3 Net collected 4920 47 4 Gross premiums on risks written and re newed during the year 2456300 17 5 Total 2461220 64 6 Deduct premiums and bills in course of collection at this date 7214 48 7 Entire premiums collected during the year 2454006 16 8 Deduct reinsurance and return premiums 917353 45 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash 1536652 71 18124 12 82357 94 1637134 77ComptrollerGeneral s Report 183 869315 83 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 12402338 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 315837 and all amounts actually received for reinsur ance in other companies 21602753 total deductions 219186 34 3 Net amount paid during the year for losses 650129 49 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 30000 00 6 Paid for commissions or brokerage 319829 71 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 60583 64 8 Paid for State National and local taxes in this and other States 46260 32 9 All other payments and expenditures viz insurance maps furniture and fixtures rents printing stationery advertising traveling expenses home office general ex penses etc 188849 92 Aggregate amount of actual expenditures during the year in cash 1295653 08 Business in the State of Georgia During the Year Fire risks written 2728697 00 Premiums received gross 28258 40 Losses paid 10017 11 Losses incurred 9983 29 NEW BRUNSWICK FIRE INSURANCE COMPANY OF NEW BRUNSWICK NEW JERSEY George A Viehmann President Charles D Ross Secretary Principal Office Corner George and Paterson Sts New Brunswick N J Robert N Hughs Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 ITAssets 1 Market value of real estate owned by the company less the amount of incumbranees thereon 78402 95184 ComptrollerGenerals Report 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest accrued on all said bond and mortgage loans 4 Value of lands mortgaged exclusive of buildings and perishable improvements 93400 00 5 Value of buildings mortgaged insured for 10590000 as collateral 126700 00 0 Total value of said mortgaged premises carried inside 220100 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 587 78 13 Cash belonging to the company deposited in banks viz National Bank N J 3121923 N B Trust Co 328988 Peoples National Bank 275643 37265 54 B Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission Deposit Philadelphia Underwriters Total assets of the company actual cash market value 100314 00 934 00 268010 00 37265 54 1764 00 40 00 46733 31 100 00 534051 58 IIILiabilities 1 Losses due and unpaid 8595 52 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 23527 00 3 Losses resisted including interest costs and other expenses thereon 3017 03 4 Total gross amount of claims for losses 35138 55 5 Deduct reinsurance thereon 3723 78 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unx pired fire risks running one year or less from date of policy 34580814 un earned premiums fifty per cent 172904 07 31415ComptrollerGenerals Report 185 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 10941361 unearned premiums pro rata 72947 89 245851 96 50 36 277318 256833 49 11 Total unearned premiums as computed above carried out 16 Cash dividends to stockholders remaining unpaid 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabil ities 56833 49 24 Aggregate amount of all liabilities including capital paid up and net surplus 534151 58 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 56024 60 3 Net collected 56024 60 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 544203 14 5 Total 600227 74 6 Deduct premiums and bills in course of collection at this date 41977 73 7 Entire premiums collected during the year 558250 01 8 Deduct reinsurance and return premiums 176784 78 9 Net cash actually received for premiums carried out 381465 23 10 Received for interest on bonds and mortgages 4717 78 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 11480 07 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 1582209 losses occurring in previous years 145452 46 397663 08186 ComptrollerGenerals Report 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2114 and all amounts actually received for reinsur ance in other companies 644422 total deductions 6465 36 Net amount paid during the year for losses 138987 10 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 9995 10000 87 6 Paid for commissions or brokerage 104082 95 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 50809 14 8 Paid for State National and local taxes in this and other States 11341 52 9 All other payments and expenditures 16867 16 Adjustment expenses 6251 00 Aggregate amount of actual expenditures during the year in cash 338339 74 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER Frank W Sargeant Pres Frank E Martin Lewis W Crockett Sec s Principal Office 876 Elm Street Manchester N H C L Stoney Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 1100000 00 2 Amount paid up in cash 1100000 00 11Assets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 139300 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 261750 00 3 Interest due on all said bond and mortgage loans in terest accrued thereon 4650 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 264600 00 5 Value of buildings mortgaged insured for 28565000 as collateral 428450 00 6 Total value of said mortgaged premises carried inside 693050 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3347153 00 11 Total par and market value and amount loaned thereon 75000 00ComptrollerGenerals Report 187 12 Cash in companys principal office 1166 44 13 Cash belonging to the company deposited in bank viz Manchester National Bank 5500000 Amoskeag National Bank 3000000 Merchants National Bank 27047371 total 355473 71 Total cash items 356040 15 15 Interest due and accrued on stocks not included in mar ket value uncollected 29 238 00 16 Interest due and accrued on collateral loans and un collected 468 00 17 Cash in hands of agents and in course of transmission net 277573 39 18 Reinsurance due on losses paid 8 631 58 Total assets of the company actual cash market value 4500404 12 ILLLiabilities 1 Losses due and unpaid 86354 05 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 150309 00 3 Losses resisted including interest costs and other expenses thereon 2400 00 4 Total gross amount of claims for losses 239063 05 5 Deduct reinsurance thereon 40069 11 6 Net amount of unpaid losses 198993 94 198993 94 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 131842050 un earned premiums fifty per cent 659210 25 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 209398019 unearned premiums pro rata 1093627 46 11 Total unearned premiums as computed above carried out 1752837 71 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance and unpaid R P 45594 33 Reserve for contingent liabilities 50000 00 Sinking fund for office building 30000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 2077425 98188 ComptrollerGenerals Report 21 Joint stock capital actually paid up in cash 1100000 00 23 Surplus beyond capital and all other liabilities 1322978 14 24 Aggregate amount of all liabilities including capital paid up and net surplus 4500404 12 IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 277030 08 3 Net collected 277030 08 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2389815 00 5 Total 2666845 08 6 Deduct premiums and bills in course of collection at this date 396533 41 7 Entire premiums collected during the year 2270311 67 8 Deduct reinsurance and return premiums 400423 81 9 Net cash actually received for premiums carried out 1869887 36 10 Received for interest on bonds and mortgages 12109 61 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 163452 00 12 Income received from all other sources omitting increase if any in value of securities 13741 61 13 Received for calls on capital for increase capital 100 00000 total premiums on same 5000000 150000 00 14 Loss and gain account 946 45 15 Agggregate amount of income actually received during the year in cash 2210137 53 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 21769855 losses occurring in previous years 1103802 09 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 326766 and all amounts actually received for reinsur ance in other companies 15319617 to tal deductions 157233 83 Net amount paid during the year for losses 946568 30 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00ComptrollerGenerals Report 189 6 Paid for commissions or brokerage 453567 32 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 95450 81 8 Paid for State national and local taxes in this and other States 64671 45 Total 141858 97 Aggregate amount of actual expenditures during the year in cash 1802117 41 Business in the State of Georgia During the Year Fire risks written 2186497 00 Premiums received gross 36 727 58 Losses paid 14619 70 Losses incurred 15710 96 NIAGARA FIRE INSURANCE COMPANY OP NEW YORK Harold Herrick President Geo W Dewey Secretary Principal Office 25 Liberty Street New York Cliff C Hatcher Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 750000 00 2 Amount paid up in cash 750000 00 11Assets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 195000 00 3 Interest due on all said bond and mortgage loans in terest accrued thereon 367083 3670 S3 4 Value of lands mortgaged exclusive of buildings and perishable improvements 150000 00 5 Value of buildings mortgaged 153000 00 6 Total value of said mortgaged premises carried inside 304000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3406962 00 12 Cash in companys principal office 920 19 13 Cash belonging to the company deposited in bank Bank of Manhattan Co 179560 34 Metropolitan Trust Co 35000 00190 CompteollebGeneeal s Report U S Mortgage Trust Co New York Trust Co 25000 00 40000 00 Total cash items 280480 53 15 Interest due and accrued on stocks and bonds not included in market value uncollected 18455 75 17 Cash in hands of agents and in course of transmission 530938 99 Total assets of the company actual cash market value 4435508 10 IIILiabilities 1 Losses due and unpaid 5489 09 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 149714 35 3 Losses resisted including interest costs and other expenses thereon 18800 00 4 Total gross amount of claims for losses 174003 44 5 Deduct reinsurance thereon 14417 72 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 2183556 63 Unearned premiums fifty per cent 1091778 31 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 3944421 94 Unearned premiums pro rata 1540269 66 159585 72 11 Total unearned premiums as computed above 2632047 97 15 Dividends declared and remaining unpaid or uncalled for 65 00 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Commissions 108719 i0 20 Total amount of all liabilities except capital stock scrip and net surplus 2900417 99 21 Joint stock capital actually paid up in cash 750000 00 23 Surplus beyond capital and all other liabilities 785090 11 24 Aggregate amount of all liabilities including capital paid up and net surplus 4435508 10ComptrollerGenerais Report 191 IVIncome During the Year 1 Gross premiums and bills in course of col lection at close of last previous year as as shown by that years statement 572582 37 3 Net collected 572582 37 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 4081852 23 5 Total 4654434 60 6 Deduct premiums and bills in course of collection at this date 549783 27 7 Entire premiums collected during the year 4104651 33 8 Deduct reinsurance and return premiums 894137 65 9 Net cash actually received for premiums carried out 3210513 68 10 Eeceived for interest on bonds and mortgages 10844 23 11 Eeceived for interests and dividends on stock and bonds collateral loans and from all other sources 167113 82 12 Income received from all other sources omitting increase if any in value of securities vizUnlisted assets 17900 00 15 Aggregate amount of income actually received during the year in cash 3406371 73 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 26647494 losses occurring in previous years 1636838 56 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2182324 and all amounts actually received for reinsurance in other companies 19751899 total deductions 219342 23 Net amount paid during the year for losses 1417496 33 Expenses of adjustment and settlement of losses 35556 82 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 150 00000 149935 00 6 Paid for commissions or brokerage 637369 80 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 255343 XS 8 Paid for State national and local taxes in this and other States 84295 86192 ComptrollerGenerals Report 9 All other payments and expenditures viz Rents 33 67578 traveling 4053577 stationery and printing 2939629 maps 856667 advertising 869123 local boards 3801311 fire patrol 696684 office expenses 564848 postage 2775394 incidentals 1110228 furniture 1828135 legal expenses 595477 234586 51 10 Loss on sale of securities 19919 92 Aggregate amount of actual expenditures during the year in cash 2834503 57 Business in the State of Georgia During the Year Eire risks written 2727530 00 Premiums received gross 27878 87 Losses paid 14603 98 Losses incurred 11829 64 NORWICH UNION FIRE INSURANCE SOCIETY OF ENGLAND J Montgomery Hare Resident Manager Guy Carpenter Attorney for Service in Georgia Principal Office in U S 56 and 58 Pine St New York N Y 1Capital Amount of capital paid up in cash 660000 00 Amount of ledger assets as per balance December 31 of previous year 3122407 20 Extended at 3122407 20 IIIncome Gross premiums 2802248 81 Deduct reinsurance rebate abatement and return premiums 683466 73 9 10 11 12 15 28 Total premiums other than perpetual 2118782 08 2118782 OS Gross interest on mortgage loans 1800 00 Gross interest on collateral loans 11257 77 Gross interest on bonds and dividends on stocks 71711 21 Gross interest on deposits 5648 05 Total gross interest and rents 90417 03 Total income 2209199 11CompteollebGeneeals Eeport 193 IIIDisbursements 1 Gross amount paid policyholders for losses including 23892349 occurring in pre vious years 1205180 52 2 Deduct amount received for salvage 11 15957 and for reinsurance in other companies 14071560 151875 17 3 4 9 10 11 12 13 14 15 16 17 18 19 20 21 24 25 26 27 29 Net amount paid policyholders for losses1053305 35 Expenses of adjustment and settlement of losses 104067 01 Commissions or brokerage 407 259 81 Allowance to local agencies for miscellaneous agency ex penses 432 64 Salaries 4530178 and expenses 2645713 of special and general agents 71758 91 Salaries fees and all other charges of officers directors trustees and home office employees 119 388 56 Rents including companys occupancy of its own build ings 18259 09 Advertising 619921 printing and stationery 16 71671 22915 92 Postage telegrams telephone and express 18600 28 Legal expenses 3550 44 Furniture and fixtures 3325 44 Maps including corrections 5120 36 Underwriters boards and tariff associations 22437 17 Fire department fire patrol and salvage corps assessments fees taxes and expenses 20169 68 Inspections and surveys 8707 37 State taxes on premiums 31478 87 Insurance department licenses and fees 12945 06 All other licenses fees and taxes viz City and county licenses 688499 city and county taxes 109011 7975 10 Gross loss on sale or maturity of ledger assets viz Bonds 6034 16 All other disbursements viz Remittance to home office 34843319 miscellaneous 947319 357906 38 40 Total disbursements 2295637 63 41 Balance 3035968 68 IVLedger Assets 2 Mortgage loans on real estate first liens 40000 00 3 Loans secured by pledge of bonds stocks or other collaterals 400000 00 4 Book value of bonds excluding interest 165107828 and stocks 42277664 2073854 92 5 Cash in companys office 396 67 13eg194 ComptrollerGenerals Report G Deposited in trust companies and banks not on interest 6629 05 7 Deposited in trust companies and banks on interest 253325 50 8 Agents balances representing business written subsequent to October 1 1907 251773 13 9 Agents balances representing business written prior to October 1 1907 8667 80 12 Other ledger assets viz Cash in hands of special agents 1321 61 16 Total ledger assets 3035968 68 NonLedger Assets 17 Interest due and accrued on mortgages 150 00 18 Interest due 40000 and accrued 18 67333 on bonds 19073 33 22 Total 19223 33 25 Other nonledger assets viz Reinsurance due and uncol lected on losses paid 18867 09 28 Gross assets 3074059 10 Deduct Assets Not Admitted 32 Agents balances representing business written prior to October 1 1907 866780 35 Book value of ledger assets over market value 71614 30 38 Total 80282 10 39 Total admitted assets 2993777 00 VLiabilities 1 Gross losses adjusted and unpaid 91688 57 2 Gross claims for losses in process of adjust ment or in suspense including all re ported and supposed losses 138360 00 3 Gross claims for losses resisted 522815 41 4 Total 752863 98 5 Deduct reinsurance due or accrued 210995 57 6 Net amount of unpaid losses and claims 541868 41 7 Gross premiums less reinsurance re ceived and receivable upon all unexComptrollerGenerals Report 195 739638 10 1 pired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 1479 27620 unearned premiums fifty per cent 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 207562236 unearned premiums pro rata 1061933 92 Excess of original premiums over amount received for reinsurance 1687272 un earned premiums pro rata 8095 77 12 Total unearned premiums as computed above 1809667 79 19 Salaries rents expenses bills accounts fees etc due or accrued 5474 87 20 State county and municipal taxes due or accrued 26 943 26 21 Commissions brokerage and other charges due or to be come due to agents and brokers 5 227 82 22 Eeturn premiums 211673 reinsurance premiums 7 22969 9346 42 27 Total amount of all liabilities except capital 2398528 57 29 Surplus over all liabilities 595248 43 31 Total liabilities 2993777 00 Business in the State of Georgia During the Year Risks written Premiums received Losses paid Losses incurred 5401735 00 54448 84 39381 01 33094 55 NORTHERN ASSURANCE COMPANY OF LONDON ENGLAND H E Wilson General Manager Geo W Babb U S Manager Principal Oflice 38 Pine St New York N Y 642 Monadnock Block Chicago 111 William Lowe Atlanta Attorney for Service in Georgia 1Capital Stock 1 Amount of capital paidup in cash 1500000 00 Statutory deposit 200000 00196 ComptrollerGenerals Report 2 Amount of ledger assets as per balance December 31 of previous year 4366765 24 Extended at 4366765 24 IIIncome 5 Gross premiums 4739594 27 6 Deduct reinsurance rebate abatement and return premium 1705590 63 7 Total premiums other than perpetuals 3034003 64 3034003 64 11 Gross interest on bonds and dividends on stocks 135849 05 12 Gross interest on deposits 4478 32 14 Gross rents from companys property 7000 00 15 Total gross interest and rents t 19 Received from head office during the year 788749 33 147327 37 28 Total income 3970080 34 IIDisbursements 1 Gross amount paid policyholders for losses including 37137938 occurring in pre vious years 1839369 73 2 Deduct amount received for salvage 13 86289 and for reinsurance in other com panies 45785136 471714 25 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 9 Commissions or brokerage 11 Salaries 4810728 and expenses 4026728 of special and genera agents 12 Salaries fees and all other charges of officers directors trustees and home office employees 13 Rents including 700000 for companys occupancy of its own buildings 14 Advertising 843424 printing and stationery 24 69125 15 Postage telegrams telephone and express 1 Legal expenses 17 Furniture and fixtures 18 Maps including corrections 19 Underwriters boards and tariff associations 20 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 21 Inspections and surveys 23 Taxes on real estate 1367655 48 28371 99 491142 88 88374 56 177558 58 17538 84 33125 49 23536 20 5868 33 8666 16 6500 57 33549 11 26434 55 20144 St 2575 35ComptrollerGenerals Report 197 24 State taxes on premiums 46 478 23 25 Insurance department licenses and fees 12856 52 26 All other licenses fees and taxes viz county in municipal 1128170 miscellaneous 213611 13417 81 30 Books newspapers and periodicals 1449 37 31 Cleaning heating and lighting 3048 49 32 Collection and exchange fees 3046 64 33 Traveling 2889 10 34 Miscellaneous 6151 07 Total 16584 67 35 Remitted to head office during the year 999083 60 40 Total disbursements 3419 463 76 41 Balance 4917381 82 IVLedger Assets 1 Book value of real estate unincumbered 115000 00 4 Book value of bonds excluding interest 376560066 and stocks 29426590 4059866 56 5 Cash in companys offiee 883 08 6 Deposited in trust companies and banks not on interest Union Trust Company New York 265962 Mechanics Ameri can National Bank St Louis 122347 Canadian Bank of Commerce San Fran cisco 129339 5176 48 7 Deposited in trust companies and banks on interest National Bank of Com merce New York 11864547 Mer chants Loan and Trust Company Chi cago 7703842 Northern Trust Com pany Chicago 40356 196087 45 8 Agents balances representing business written subsequently to October 1 1907 495108 00 9 Agents balances representing business written prior to October 1 1907 20851 77 11 Bills receivable taken for fire risks 24408 48 16 Total ledger assets 4917381 82 NonLedger Assets 18 Interest due 200000 and accrued 7 14252 on bonds 9142 52 22 Total 9142 52 23 Market value of real estate 60000 00198 ComptrollerGenerals Report 25 Other nonledger assets viz Due from other companies for reinsurance on losses already paid 28 Gross assets Deduct Assets Not Admitted 32 Agents balances representing business written prior to October 1 1907 20851 77 33 Bills receivable past due taken for marine inland and fire risks 24408 48 35 Book value of ledger assets over market value 367111 56 38 Total 18478 22 412371 SI 39 Total admitted assets 4 592630 75 VLiabilities 1 Gross losses adjusted and unpaidI 2 Gross claims for losses in process of ad justment or in suspense including all re ported and supposed losses 3 Gross claims for losses resisted 25995 87 260268 74 125642 45 4 Total 411907 06 5 Deduct reinsurance due or accrued 26991 87 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 2354 08953 unearned premiums fifty per cent 1177044 77 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 278763554 unearned premiums pro rata 1550068 35 384915 19 12 Total unearned premiums as computed above 2727113 12 19 Salaries rents expenses bills accounts fees etc due or accrued 2992 81 20 State county and municipal taxes due or accrued 51587 15 21 Commissions brokerage and other charges due or to be come due to agents and brokers 3780 S3ComptrolleeGenebals Eepoet 199 22 Return premiums 980411 reinsurance premiums 16 47457 26278 68 27 Total amounts of all liabilities except statutory deposits and capital 3196667 78 28 Statutory deposit 200000 00 29 Surplus over all liabilities 1195962 97 30 Surplus as regards policyholders 1395962 97 31 Total liabilities 4592630 75 Business in the State of Georgia During the Year Fire risks written 5253363 00 Gross premiums 50667 72 Losses paid 15504 16 Losses incurred 12397 39 NORTH BRITISH AND MERCANTILE INSURANCE COMPANY OP LONDON AND EDINBURGH E G Richards U S Manager J P Hastings Asst U S Manager Principal Office in United States 76 William Street New York City Attorney for Service in Georgia ICapital 1 Whole amount of capital stock subscribed Home Office 15000000 00 2 Amount paid up in cash 3437500 00 IIAssets 9 Total part and market value of stocks and bonds owned absolutely by the company carried out at market value 5697774 32 12 Cash in companys principal office 300 00 13 Cash belonging to the company deposited in banks viz Merchants National Bank 2000000 J P Morgan Co 36242332 total 382723 32 Total cash items 382723 32 15 Interest due and accrued on stocks not included in mar ket value uncollected 64922 92 17 Cash in hands of agents and in course of transmission 883204 06 All other assets both real and personal 2929 60 Total assets of the company actual cash market value 7031554 20200 ComptrollerGeneral s Report IIILiabilities 1 Losses due and unpaid 103627 86 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 222955 92 3 Losses resisted including interest costs and other expenses thereon 50545 50 4 Total gross amount of claims for losses 377129 28 5 Deduct reinsurance thereon 36124 62 6 Net amount of unpaid losses 341004 66 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 316279911 un earned premiums fifty per cent 1581399 55 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 406816121 unearned premiums pro rata 2183253 03 11 Total unearned premiums as computed above carried out 3761652 58 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department reclaimable under perpetual premiums 28364 02 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and agency ex penses 198843 51 20 Total amount of all liabilities except capital stok scrip and net surplus 4332864 77 23 Surplus beyond capital and all other liabilities 2698689 4 24 Aggregate amount of all liabilities including capital paid up and net surplus 7031554 20 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 831418 75 3 Net collected 831418 75 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 5949300 53 5 Total 6780719 28ComptkolleeGenekals Report 201 6 Deduct premiums and bills in course of collection at this date 917074 90 7 Entire premiums collected during the year 5863644 38 8 Deduct reinsurance and return premiums 1386762 32 9 Net cash actually received for premiums carried out 4476882 06 11 Eeceived for interests and dividends on stock and bonds collateral loans and from all other sources 213589 11 15 Aggregate amount of income actually received during the year in cash 4690471 17 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 37542247 losses occurring in previous years 2222104 97 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2365658 and all amounts actually received for reinsur ance in other companies 31501960 total deductions 338676 18 Net amount paid during the year for losses 1883428 79 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 10 American branches of foreign companies will please re port amount sent to home offices during the year 864721 14 439762 03 116256 36 211852 51 602457 37 Aggregate amount of actual expenditures during the year in cash 3516020 83 Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid Losses incurred 5006616 00 59860 99 40196 43 33975 49202 ComptrollerGenerals Keport THE NORTH RIVER INSURANCE COMPANY OF NEW YORK Wm E Hutchins President Frederick H Crum Secretary Principal Office 939597 William Street New York City Jacob Haas Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 350000 00 350000 00 2 Amount paid up in cash 350000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 610000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 192800 00 3 Interest accrued on all said bond and mortgage loans 3131 47 4 Value of lands mortgaged exclusive of buildings and perishable improvements 256000 00 5 Value of buildings mortgaged insured for 164300 as collateral 163000 00 6 Total value of said mortgaged premises carried inside 419000 00 9 Total part and market value of stocks and bonds owned absolutely by the company carried out at market value 555925 00 11 Total amount loaned on stocks bonds and all other secur ities except mortgages 23000 00 13 Cash belonging to the company deposited in banks viz Washington Trust Co 487317 United States Mort gage Trust Co 2000000 Title Guarantee Trust Co 2500000 Kings County Trust Co 2000000 Merchants Exchange National Bank 9032750 total 160200 67 15 Interest due and accrued on stocks not included in mar ket value uncollected 1796 65 16 Interest due and accrued on collateral loans and uncol lected 343 05 17 Cash in hands of agents and in course of transmission 372217 08 All other assets both real and personal viz Rents due and accrued 594118 due from other companies for reinsurance on losses already paid 64734 total 6588 52 Total assets of the company actual cash market value 1926002 44 Deduct agency unpaid over 3 months due 18505 93 1907496 51ComptrollerGenerals Report 203 IIILiabilities 1 Losses due and unpaid 22195 61 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 112505 20 3 Losses resisted including interest costs and other expenses thereon 10177 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 144877 81 30466 10 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 125692263 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 91162852 unearned premiums pro rata 114411 71 628461 32 494251 26 11 Total unearned premiums as computed above carried out 1122712 58 16 Cash dividends to stockholders remaining unpaid 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Interest due or accrued 1900 State county and municipal taxes due or accrued 1250000 commis sions 2640256 return premiums 388530 20 Total amount of all liabilities except capital stock scrip 4492 50 44687 86 and net surplus 1286304 65 21 Joint stock capital actually paid up in cash 350000 00 23 Surplus beyond capital and all other liabilities 271191 86 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 1907496 51 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 419126 64 571 56 3 Net collected 418555 08204 ComptrollerGenerals Report 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2705506 04 5 Total 3124061 12 6 Deduct premiums and bills in course of collection at this date 494835 33 7 Entire premiums collected during the year 2629225 79 8 Deduct reinsurance and return premiums 1210622 77 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on 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 8173259 increase in book value of real estatel31097 1418603 02 9499 50 24939 56 83043 36 IS Aggregate amount of income actually received during the year in cash 1536085 64 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 10805258 losses occurring in previous years 1041341 45 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1718603 and all amounts actually received for reinsur ance in other companies 22201388 to tal deductions 239199 91 3 Net amount paid during the year for losses Kxpenses of adjustment and settlement of losses Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 3500000 Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employees Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Expenses of real estate 2982900 loss on sale of ledger assets 776730 general expenses 7357056 4 802141 5 1 12212 37350 00 356240 1 135833 02 48401 35 111166 86 Aggregate amount of actual expenditures during the year in cash 1503346 08ComptrollerGenerals Report 205 Business in the State of Georgia During the Year Fire risks written 1063217 00 Premiums received gross 22459 10 Losses paid 13011 53 Losses incurred 13229 73 NORTH STATE FIRE INSURANCE COMPANY OF GREENSBORO N C Ashley Home President James F Cobb Secretary Principal Office Greensboro N C Otis A Murphy Attorney for Service in Georgia 1Capital 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 112801 50 3 Interest due on all said bond and mortgage loans 27575 interest accrued thereon 282500 total 3100 75 4 Value of lands mortgaged exclusive of buildings and perishable improvements 169000 00 5 Value of buildings mortgaged insured for 11412500 as collateral 142500 00 6 Total value of said mortgaged premises carried inside 311500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 178303 95 11 Total par and market value and amount loaned thereon 88115 23 12 Cash in companys principal office 18 35 13 Cash belonging to the company deposited in bank 66947 54 Total cash items 66965 89 16 Interest due and accrued on collateral loans and un eollected 1236 31 17 Cash in hands of agents and in course of transmission 56867 81 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 10 50 Total assets of the company actual casli market value 507402 14 206 ComptrollerGenerals Report IIILiabilities 1 Losses due and unpaid 3820 24 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 23186 03 4 Total gross amount of claims for losses 27006 27 5 Deduct reinsurance thereon 2277 36 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 fnm date of policy 21878407 un earned premiums fifty per cent 109392 03 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 9232211 un earned premiums pro rata 57893 82 24728 01 11 Total unearned premiums as computed above carried out 167285 85 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses and reserve for commissions and taxes 4000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 196014 76 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 111387 38 24 Aggregate amount of all liabilities including capital paid up and net surplus 507402 14 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 1266 80 3 Net collected 1266 80 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 331959 73 5 Total 403221 53ComptrollerGenerals Report 6 Deduct premiums and bills in course of collection at this date 56878 31 7 Entire premiums collected during the year 346348 22 8 Deduct reinsurance and return premiums 116761 12 9 Net cash actually received for premiums carried out 10 Eeceived for interest on bonds and mortgages 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 640820 losses occurring in pre vious years 113857 41 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies 22252 16 Net amount paid during the year for losses 4 Loss expenses 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 207 299587 10 4279 21 10952 77 244819 08 91605 25 380 71 69842 19 10627 28 6167 00 11592 29 190214 78 415900 00 7272 73 1430 38 2230 38208 ComptrollerGenerals Report ORIENT FIRE INSURANCE COMPANY OE HAKTFORD CONN Archibald G Mellwaine Jr President Henry W Gray Jr Secretary Principal Office 2022 Trinity St Hartford Conn Robert A Hancock Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 2000000 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 167686 38 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1581210 83 12 Cash in companys principal office 5457 33 13 Cash belonging to the company deposited in bank viz American National Bank Hartford Conn 3426712 Charter Oak Natl Bank Hartford Conn 9660293 Connecticut Trust Safe Deposit Co Hartford Conn 5000000 United States Mortgage Trust Co New York N Y 1761687 National Bank of the Republic Chicago 111 610450 Union Trust Co San Francisco Cal 512610 209717 52 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interests due and accrued on collateral loans and uncollected interest on other assets accrued 17 Cash in hands of agents and in course of transmission premiums not over three months due 25532804 less commissions 5774266 18 Bill receivable not matured taken for fire marine and inland risks total bills receivable 407637 less past due 317373 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 792073 balance due from other companies 60477 Due from London Lancashire Fire Ins Co since paid Total Deduct unadmitted items due from other companies Total assets of the company actual cash market value 215174 85 24787 67 344 36 197585 38 902 64 8525 50 28661 87 2224879 48 4212 02 2220667 46ComptrollerGenerals Eeport IIILiabilities 1 Losses due and unpaid 2423700 not due 100000 25237 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 123389 83 3 Losses resisted including interest costs and other expenses thereon 12575 00 4 Total gross amount of claims for losses 161201 83 5 Deduct reinsurance thereon 25349 76 209 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running one year or less from date of policy 882814 68 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 135996762 unearned premiums pro rata 135852 07 441407 34 738915 24 11 Total unearned premiums as computed above carried out 1180322 58 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses taxes due and accrued 18690 31 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Eeturn premiums 81665 reinsurance 703958 785623 less commissions 187808 5978 15 20 Total amount of all liabilities except capital stock scrip and net surplus 1340843 11 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 379824 32 24 Aggregate amount of all liabilities including capital paid up and net surplus 2220667 46 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 262963 73 14cg210 ComptrollerGenerals Report 3 Net collected 262963 73 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1883894 60 5 Total 2146858 33 6 Deduct premiums and bills in course of collection at this date 263636 65 7 Entire premiums collected during the year cash 187989375 notes 332 79300 188322168 8 Deduct reinsurance and return premiums 554816 32 9 Net cash actually received for premiums carried out 1328405 36 11 Received for interests and dividends on stoek and bonds collateral loans and from all other sources 64715 67 12 Income received from all other sources omitting increase if any in value of securities viz Rents 2029 18 15 Aggregate amount of income actually received during the year in cash 1395150 21 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 11196655 losses occurring in previous years 816183 99 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 836600 and all amounts actually received for reinsur ance in other companies 19645114 to tal deduction 204817 94 Net amount paid during the year for losses 611366 05 6 Paid for commissions or brokerage 282291 24 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 80516 47 8 Paid for State national and local taxes in this and other States 44886 08 9 All other payments and expenditures viz Advertising printing and stationery 1320633 rents 713285 traveling 1974522 board and association items 1688689 survey and inspection 420776 postage and telegrams 941055 miscellaneous 817501 total 78764 4L Aggregate amount of actual expenditures during the year the year in cash 1098824 25ComptrollerGeneral s Eeport 211 Business in the State of Georgia During the Year Fire risks written Presiums received gross Losses paid Losses incurred 2506784 00 29280 46 7398 94 12386 94 PALATINE INSURANCE CO Ltd OF GREAT BRITAIN A H Wray Manager Principal Office in U S Corner Pine and William Sts New York N Y Thomas A Whitner Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 IIAssets 500000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2463630 00 33 Cash belonging to the company deposited in bank viz Morton Trust Company New York 13856612 Ameri can Exchange National Bank New York 4943705 Crocker National Bank San Francisco 5289426 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personalviz Due from other companies for reinsurance on losses already paid 240897 43 28758 50 322965 98 7507 13 Total assets of the company actual cash market value 3063759 04 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 148624 00 3 Losses resisted including interest costs and other expenses thereon 715567 00 4 Total gross amount of claims for losses 864191 00 5 Deduct reinsurance thereon 192632 00 6 Net amount of unpaid losses 7 Gross premiums without and deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 110680173 un earned premiums fifty per cent 671559 00 553400 87212 ComptrollerGenerals Eeport 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 126256968 unearned premiums pro rata 701340 57 11 Total unearned premiums computed above carried out 1254741 44 37 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 25557 34 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums reinsurance commissions etc 6S809 OS 20 Total amount of ail liabilities except capital stock scrip and net surplus 2020666 86 22 Scrip outstanding 1043092 18 24 Aggregate amount of all liabilities including capital paid up and net surplus 3063759 04 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 330321 70 3 Net collected 330321 70 4 Gross premiums on risks written and renewed during the year as shown in risk and premium exhibit 2211032 60 5 Total 2541354 30 6 Deduct premiums and bills in course of collection at this date 338779 55 7 Entire premiums collected during the year 2202574 75 8 Deduct reinsurance and return premiums 67447S 26 9 Net cash actually received for premiums carried out 1528096 49 II Received for interests and dividends on stock and bonds collateral loans and from all other sources 99258 75 12 Income received from all other sources 1665 14 15 Aggregate amount of income actually received during the year in cash 1629020 38 VExpenditures During the Year 1 Gross amount atually paid for losses in cluding 25594479 losses occurring in previous years 993979 27ComptrolleeGteneeals Report 213 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 308582 and all amounts actually received for reinsur ance in other companies 14574553 to tal deductions 148831 35 Net amount paid during the year for losses 845147 92 Paid for commissions or brokerage 339838 19 Paid for salaries fees and other charges of officers clerks agents and all other employees 84402 45 Paid for State national and local taxes in this and other States 53257 40 9 All other payments and expenditures viz Travel print ing stationery rent boards etc 140597 06 10 American branches of foreign companies will please report amount sent to home offices during the year 267972 06 Aggregate amount of actual expenditures during the year in cash 1731215 08 Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid Losses incurred 2823630 72 48746 01 17884 85 18056 77 THE PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADEL PHIA PENNSYLVANIA R Dale Benson President W Gardner Crowell Secretary Principal Office 510 Walnut Street Philadelphia W E Chapin Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stoek 2 Amount paid up in cash 750000 00 IIAssets 750000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 144500 00 252350 00 2456 16214 ComptrollerGenerals Report 4 Value of lands mortgaged exclusive of buildings and perishable improvements 391205 00 5 Value of buildings mortgaged insured for 24850000 as collateral 309235 00 6 Total value of said mortgaged premises carried inside 700440 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3839199 00 11 Total amount loaned on stocks bonds and all other secur ities except mortgages 1031200 00 12 Cash in companys principal office 979 36 13 Cash belonging to the company deposited in banks viz Philadelphia National 4589636 First National 4763835 Drexel Co 8380696 Total cash items 178321 03 15 Interest accrued on stocks and bonds not included in market value uncollected 56593 29 16 Interest accrued on collateral loans and uncollected 8050 96 17 Cash in hands of agents and iff course of transmission 562016 24 Reinsurances reclaimable on losses paid 387430 43 Total assets of the company actual cash market value 6462117 11 IIILiabilities 1 Losses unpaid 12521 81 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 296912 18 3 Losses resisted including interest costs and other expenses thereon 15287 60 5 Deduct reinsurance thereon 22424 62 6 Net amount of unpaid losses 302296 97 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 216773665 un earned premiums fifty per cent 1083868 33 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 344107992 unearned premiums pro rata 1797336 62 11 Total unearned premiums as computed above carried out 2881204 95 ComptrollerGeneral s Report 215 14 20 21 23 24 Amount reclaimable by assured on perpetual fire insur ance policies Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 587658 59 Net collected 587658 59 Gross premiums on risks written and re newed during the year 4192841 34 913331 22 4096833 14 750000 00 1615283 97 6462117 11 Total 4780499 93 Deduct premiums and bills in course of collection at this date 562016 24 Entire premiums collected during the year 4218483 69 Deduct reinsurance and return premiums 971300 68 9 10 11 12 15 Net cash actually received for premiums carried out 3247183 01 Received for interest on bonds and mortgages 17052 60 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 199312 95 Income received from all other sources omitting increase if any in value of securities 940 15 Aggregate amount of income actually received during the year in cash 3464488 71 VExpenditures During the Year Gross amount actually paid for losses 2165886 60 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 286253 50 Net amount paid during the year for losses 1879633 10 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 115000 00 Paid for commissions or brokerage 754312 99 Paid for salaries fees and other charges of officers clerks agents and all other employees 192520 0016 ComptrollerGenerals Report 8 Paid for State National and local taxes in this and other States 86567 25 9 All other payments and expenditures viz Bents 12500 advertising printing and stationery 2546352 postage telephone and telegraph 1749124 under writers boards 1145618 loss on real estate sold 217180 loss on bonds sold 621250 furniture and fix tures maps fire departments repairs to real estate etc 2235463 total 97649 87 Aggregate amount of actual expenditures during the year in cash 3125683 19 Business in the State of Georgia During the Year Fire risks written 3630114 00 Premiums received gross 72342 18 Losses paid 53008 11 Losses incurred 47444 74 PHENIX INSURANCE COMPANY OF BROOKLYN NEW YORK Geo P Sheldon President has F Koster Secretary Principal Office No 16 Court Street Brooklyn N Y H C Stockdell Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 1500000 00 1500000 00 2 Amount paid up in cash 1500000 00 IIAssets L Market value of real estate owned by the company less the amount of incumbrances thereon 58000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 549500 00 3 Interest accrued on all said bond and mortgage loans 4873 34 4 Value of lands mortgaged exclusive of buildings and perishable improvements 373750 00 5 Value of buildings mortgaged insured for 25450000 as collateral 25575000 6 Total value of said mortgaged premises carried inside 629500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 6238169 00 11 Total amount loaned on stocks bonds and all other secur ities except mortgages 35000 00ComptrollerGenerals Keport 217 12 Cash in companys principal office 394 25 6 Deposited in Trust Companies and banks not on interest National Park Bank 26446716 Chatham National Bank 24519933 Liberty National Bank 19526732 total 704933 81 7 Deposited in Trust Companies and banks on interest viz Bankers Trust Co 10268819 National City Bank Brook lyn 250000 Peoples Trust Co Brook lyn 340229 total 108590 48 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncolleeted 17 Cash in hands of agents and in course of transmission All other assets both real and personal 813918 54 10434 76 999049 64 10850 05 Total assets of the company actual cash market value 8719795 33 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 517279 39 3 Losses resisted including interest costs and other expenses thereon 39092 00 4 Total gross amount of claims for losses 556371 39 5 Deduct reinsurance thereon 35345 76 6 Net amount of unpaid losses 521025 63 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 297078586 un earned premiums fifty per cent 1485392 92 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 740857363 unearned premiums pro rata 3949188 59 11 Total unearned premiums as computed above carried out 5434581 51 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 4250 00 18 Amount of borrowed money 400000 00218 ComptrollerGenerals Report 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Return premiums 441745 reinsurance premiums 605901 total 10476 46 20 Total amount of all liabilities except capital stock scrip and net surplus 6370333 60 21 Joint stock capital actually paid up in cash 1500000 00 23 Surplus beyond capital and all other liabilities 849461 73 24 Aggregate amount of all liabilities including capital paid up and net surplus 8719795 33 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 7867188 98 5 Total 7867188 98 7 Entire premiums collected during the year 7867188 98 8 Deduct reinsurance and return premiums 1543922 58 9 Net cash actually received for premiums carried out 6323266 40 10 Received for interest on bonds and mortgages 15531 39 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 305496 61 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1929009 profit on sale of real estate 17408561 profit on sale of bonds 2803678 total 221412 48 15 Aggregate amount of income actually received during the year in cash 6865706 88 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 42531852 losses occurring in previous years 3277469 26 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2317892 and all amounts actually received for reinsur ance in other companies 27540395 total deductions 298582 87 Net amount paid during the year for losses 2978886 39 3 Expenses of adjustment and settlement of losses 130854 64 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 300000 00ComptrollerGenerals Eeport 219 6 Paid for commissions or brokerage 1 219 949 16 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 641 047 47 8 Paid for State National and local taxes in this and other States 158039 76 9 All other payments and expenditures viz Advertising printing and stationery 9047259 auditing 146235 appraisal real estate 1000 car fares 101666 charts 21900 coal gas light and heat 190471 elec tion and meetings 151106 extra help 78700 furni ture and fixtures 523456 fire department fire patrol and salvage corps assessments 523680 insurance and surety bonds 21119 interest 5139833 legal ex penses 215120 maps including corrections 11 77725 inspections and surveys 205644 mercantile reports 256909 newspaper and insurance journals subscriptions 204905 rents 6213957 postage tele grams telephone and express 6256063 repairs and expenses on real estate 677647 rubber stamps 12642 safe deposit and post office box rent 20700 stock transfer tax 4624 sundries 1611066 under writers boards and tariff associations 8560871 taxes on real estate 65454 loss on sale or maturity of ledger assets 3918250 total 453 480 02 Borrowed money 300000 00 Aggregate amount of actual expenditures during the year in cash 6182257 44 Business in the State of Georgia During the Year Fire risks written 9175079 00 Premiums received gross 212 961 01 Losses paid 101959 13 Losses incurred 123652 07 PHOENIX ASSURANCE COMPANY Limited OP LONDON A D Irving Manager A D Irving Jr Secretary Principal Office in United States 47 Cedar Street New York City Edgar Dunlap Atlanta Attorney for Service in Georgia IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2449909 75220 ComptrollerGenerals Report 12 Cash in companys principal office 387 25 13 Cash belonging to the company deposited in banks viz American Exchange Na tional Bank New York 13740714 Corn Exchange Bank Chicago 295612 Union Trust Company New York 101 65940 New York Life Insurance Trust Co New York 424421 Philadelphia Fire Underwriters Association Deposit 20000 Total cash items 246854 12 17 Cash in hands of agents and in course of transmission 327695 91 All other assets both real and personal 31609 00 Interest due and accrued on bonds 33942 09 Total assets of the company actual cash market value 3090010 87 IIILiabilities 1 Losses not yet due 5403 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 164162 00 3 Losses resisted including interest costs and other expenses thereon 33008 00 4 Total gross amount of claims for losses 212573 00 5 Deduct reinsurance thereon 44189 00 6 Net amount of unpaid losses 168384 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 176702328 un earned premiums fifty per cent 883511 64 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 193312962 unearned premiums pro rata 1017891 17 11 Total unearned premiums as computed above carried out 1901402 81 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 26000 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance premiums 121 55 20 Total amount of all liabilities except capital stock scrip and net surplus 2095908 36ComptrollerGenerals Report 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus TVIncome 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 295339 83 3 Net collected 295339 83 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3533184 67 221 994102 51 3090010 87 5 Total 3828524 50 6 Deduct premiums and bills in course of collection at this date 327695 91 7 Entire premiums collected during the year cash 3500828 59 8 Deduct reinsurance and return premiums 1119636 99 9 Net cash actually received for premiums carried out 10 Eeceived for interest on bonds and mortgages 90548 60 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 32782966 losses occurring in previous years 1781949 76 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1121339 and all amounts actually received for reinsur ance in other companies 40308096 total deductions 414294 35 2471740 20 Net amount paid during the year for losses 1367655 41 6 Paid for commissions or brokerage 477112 67 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 225222 46 8 Paid for State National and local taxes in this and other States 79687 67 9 All other payments and expenditures 113601 95 Total 2263280 16222 ComptrollerGenerals Report 10 American branches of foreign companies will please re port amount sent to home offices during the year 253071 60 Aggregate amount of actual expenditures during the year in cash 2516351 7G Business in the State of Georgia During the Year Fire risks written 2565868 00 Premiums received gross 25301 19 Losses paid 22445 33 Losses incurred 23876 33 THE PHOENIX INSURANCE COMPANY OF HARTFORD D YY C Skilton President John B Knox and Thos C Temple Sec Home Office No 783 Main Street Hartford Connecticut Cliff C Hatcher Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 6011933 99 4 Extended at 6011933 99 IIIncome 5 Gross premiums 5934412 15 6 Deduct reinsurance rebate abatement and return premiums 1208052 29 7 Total premiums other than perpetuals 4726359 80 9 Gross interest on mortgage loans 3989 12 10 Gross interest on collateral loans 1302 78 11 Gross interest on bonds and dividends on stocks 274086 78 3 2 Gross interest on deposits 13100 24 14 Gross rents from companys property 10855 90 15 Total gross interest and rents 16 Gross profit on sale or maturity of ledger assets viz Real estate 112389 stocks 11080460 other assets 196145 total 303334 82 113889 94 28 Total income 5143584 62ComptrollerGeneral s Report 223 IIIDisbursements Gross amount paid policyholders for losses including 32957983 occurring in pre vious years 2111801 46 Deduct amount received for salvage 11 43200 and for reinsurance in other com panies 15398090 total 165412 90 3 4 6 9 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 30 31 32 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Paid stockholders for interest or dividends amount de clared during the year 20000000 Commissions or brokerage Salaries 21289574 and expenses 13199941 of spe cial and general agents and branch office employees Salaries fees and all other charges of officers direc tors trustees and home office employees Eents Advertising 642435 printing and stationery 4403680 Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps including corrections Underwriters boards and tariff associations Fire department fire patrol and salvage corps assess ments fees taxes and expenses Inspections and surveys Repairs and expenses other than taxes on real estate Taxes on real estate State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes viz Tax on capital stock 46360 municipal taxes and fees 1954578 Gross loss on sale or maturity of ledger assets viz Real estate 13000 other assets 205145 total Gross decrease in book value of ledger assets viz Stocks Interest paid Borrowed money paid Miscellaneous expense 1946388 56 24771 30 200000 00 956329 71 344895 15 104935 89 19508 36 50461 50 40303 19 3062 39 9451 22 10226 78 44982 32 14633 37 14671 40 2757 14 1717 55 73386 88 16949 08 65905 78 2181 45 32507 10 5157 33 150000 00 24391 64 40 Total disbursements 4 159 574 74 IVLedger Assets 1 Book value of real estate 137606 39 2 Mortgage loans on real estate 57016 66 3 Loans secured by pledge of bonds stock or other collaterals 63900 00224 ComptrollerGenerals Eeport 4 Book value of bonds excluding interest 316521235 and stocks 240661662 total 5571828 97 5 Cash in companys office 7696 19 7 Deposited in trust companies and banks on interest 718628 39 8 Agents balances representing business written subsequent to October 1 1907 425057 36 9 Agents balances representing business written prior to October 1 1907 14209 91 16 Total ledger assets 6995943 87 NonLedger Assets 17 Interest due 13500 and accrued 1 41689 on mortgages 1551 89 18 Interest accrued on bonds 44002 35 19 Interest accrued on collateral loans 375 00 20 Interest accrued on other assets 1900 00 21 Rents accrued on companys property or lease 926 58 48755 82 22 Total 7044699 69 23 Market value of real estate over book value 2051 00 24 Market value not including interest on item 18 of bonds and stocks over book value 427038 03 26 Gross premiums in course of collection which have not been carried to ledger account 505100 00 27 Reinsurance due from other companies on losses paid 774 93 28 Cross assets 7979663 65 Deduct Assets Not Admitted 32 Agents balances representing business written prior to October 1 1907 14209 91 39 Total admitted assets 7965453 74 VLiabilities 1 Gross losses adjusted and unpaid not yet due 84274 62 2 Cross claims for losses in process of ad justment or in suspense including all reported and supposed losses 335977 59 3 Gross claims for losses resisted 28684 00 4 Total 448936 21 5 Deduct reinsurance due or accrued 24063 41 6 Net amount of unpaid losses and claims 424872 80ComptrollerGenerals Report 225 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 3 16318242 unearned premiums fifty Per cent 1581591 21 8 Gross premiums less reinsurance re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 435506542 unearned premiums pro rata 2363687 42 12 Total unearned premiums as computed above 3945278 63 21 Commissions brokerage and other charges due or to be come due to agents and brokers 92 415 00 22 Return premiums 5370000 reinsurance premiums 27 35000 810500 27 Total amount of all liabilities except capital 4543616 43 28 Capital actually paid up in cash 200000000 29 Surplus over all liabilities 142183731 30 Surplus as regards policyholders 3 421 837 31 31 Total liabilities 7965453 74 Business in the State of Georgia During the Year Risks written 6282639 00 Premiums received 78426 92 Losses paid 30172 94 Losses incurred 24 216 10 QUEEN FIRE INSURANCE COMPANY OF AMERICA Edward F Beddall President Nevett S Bartow Secretary Principal Office 84 William St New York City S Y Tupper Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 15cg226 ComptrollebGenekals Report IIAssets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 71000 00 3 Interest accrued on all said bond and mortgage loans 1368 23 4 Value of lands and buildings mortgaged insured for 7500000 as collateral 110000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 6217880 88 12 Cash in companys principal office 4826 89 13 Cash belonging to the company deposited in bank 268591 32 Total cash items 273418 21 15 Interest due and accrued on bonds not included in mar ket value uncollected 51928 77 16 Interest due and accrued on bank balances 626 35 17 Cash in hands of agents and in course of transmission 587908 20 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 10833 67 Due from Royal Insurance Co Montreal office readjust ment of loss 3473 77 Total assets of the company actual cash market value 7218438 13 Deduct Assets Not Admitted Due for reinsurance on losses paid 366579 02 From companies in receivers hands 7299 17 Total 373878 19 Total admitted assets 6844559 94 IIILiabilities 1 Losses adjusted but not due and unpaid 141067 08 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 190259 65 3 Losses resisted including interest costs and other expenses thereon 43104 79 4 Total gross amount of claims for losses 374431 52 5 Deduct reinsurance thereon 44875 06 6 Net amount of unpaid losses 329556 46ComptrollerGenerals Report 227 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 2933059 54 Unearned premiums fifty per cent 1466529 75 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 3 535 076 17 Unearned premiums pro rata 1931112 33 11 Total unearned premiums as computed above carried out 3397642 00 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses including accrued commissions and taxes 105 136 i 7 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz return premiums 751981 reinsurance premiums 2636995 33 ggo 7q 20 Total amount of all liabilities except capital stock scrip and net surplus 3j866224 47 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1978335 47 24 Aggregate amount of all liabilities including capital paid up and net surplus 6844559 94 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 5535305 80 7 Entire gross premiums collected during the year 5535305 80 8 Deduct reinsurance and return premiums 1345198 22 9 Net cash actually received for premiums carried put 4190107 58 10 Received for interest on bonds and mortgages 2990 03 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 222 639 36 12 Income received from all other sources omitting increase if any in value of securities viz Profit on sale or maturity of ledger assets 7 054 79 15 Aggregate amount of income actually received during the year in cash M22791 81 228 ComptrollerGenerals Report VExpenditures During the Year 1 Gross amount actually paid for policyhold ers losses including 30361557 losses oc curring in previous years 2216865 26 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 2102658 and all amounts actually received for reinsurance in other companies 23137728 total a 252403 86 deductions Net amount paid during the year for losses Expenses of adjustment and settlement of losses Cash dividends actually paid stockholders amount of stockholders dividends declared during the year Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Eents 36 73315 advertising 1291543 printing and stationery 3172042 postage etc 2961798 legal expenses 159524 furniture and fixtures 2439748 maps 8 41002 underwriter boards 4515185 inspection and surveys 1381844 traveling 504399 miscellaneous expenses 2717719 Loss on sale of ledger assets and decrease in book value of ledger assets real estate expenses 10 American branches of foreign companies will please report amount sent to home offices during the year Aggregate amount of actual expenditures during the year 1964461 40 44025 82 100000 00 769553 93 393436 78 113164 54 in cash 237181 1J 53760 22 136 86 3675720 74 Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid policyholders Adjustment expenses 6623317 00 127548 96 71685 89 1726 53 Losses paid Losses incurred 73412 42 69454 42ComptrollebGenebals Report 229 rochester german fire insurance company of rochester n y Eugene Sattelee President H F Atwood Secretary Principal Office 1719 Main St West Rochester N Y Arthur B Fox Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 589588 45 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 247179 00 3 Interest due on all said bond and mortgage loans 36500 interest accrued thereon 534618 total 5711 18 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 827335 00 11 Total amount loaned on stocks and bonds and all other se curities except mortgages 7000 00 12 Cash in companys principal office 8158 73 13 Cash belonging to the company deposited in bank 324667 51 Total cash items 332826 24 15 Interest due and accrued on stocks not included in mar ket value uncollected 4891 02 16 Interest due and accrued on collateral loans and uncol lected and other assets 8815 09 17 Cash in hands of agents and in course of transmission 187836 84 All other assets both real and personal viz Rents due and accrued 248008 due from other companies for re insurance on losses already paid 2480 08 200 shares German American Bank stock 100 ea now in liquidation 5000 00 Total assets of the company actual cash market value 2218662 90 IIILiabilities 1 Losses due and unpaid 57885 29 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 151487 99230 ComptrollerGeneral s Report 3 Losses resisted including interest costs and other expenses thereon 41439 70 4 Total gross amount of claims for losses 250812 98 5 Deduct reinsurance thereon 142883 49 107929 49 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 90490117 un earned premiums fifty per cent 452450 59 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 1078110 28 unearned premiums pro rata 583459 06 11 Total unearned premiums as computed above carried out 1035909 65 20 Total amount of all liabilities except capital stock scrip and net surplus 1143839 14 21 Joint stock and capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 574823 76 24 Aggregate amount of all liabilities including capital paid up and net surplus 2218662 90 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 136317 10 3 Net collected 136317 10 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2088894 05 5 Total 2225211 15 T Deduct premiums and bills in course of collection at this date 187836 84 7 Entire premiums collected during the year 2037374 31 8 Deduct reinsurance and return premiums 784839 72 9 Net cash actually received for premiums carried out 1252534 59 10 Received for interest on bonds and mortgages 12 567 17 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 43 189 53ComptrollerGeneral s Report 231 12 Income received from all other sources omitting increase if any in value of securities viz Bents 6000433 liquidation dividend German American Bank stock 2 00000 profit loss of 801317 total 70017 50 15 Aggregate amount of income actually received during the year in cash 1378308 79 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 14668936 losses occurring in previous years 869410 38 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 462159 and all amounts actually received for reinsur ance in other companies 23678970 to tal deductions 24 411 29 Net amount paid during the year for losses 627999 09 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 37500 00 6 Paid for commissions or brokerage 36156365 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 80672 30 8 Paid for State national and local taxes in this and other States 44132 30 9 All other payments and expenditures viz Expenses of adjustment and setlement of losses 619263 rents 4 46670 advertising and stationery 1176330 postage telegrams telephone and express 996601 legal ex penses 192605 furniture and fixtures 276926 maps including corrections 769413 underwriters bonds and tariff associations 1717934 repairs and expenses other than taxes on real estate 5193224 miscellaneous expenses 2334315 total 137232 81 Aggregate amount of actual expenditures during the year in cash 1289100 15 Business in the State of Georgia During the Year Eire risks written 2140969 00 Premiums received gross 33938 30 Losses paid 17540 57 Losses incurred 8J081 90 232 ComptrollerGenerals Report ROYAL FIRE INSURANCE COMPAND LTD OF LIVERPOOL ENG Principal Office in U S Royal Ins Bldg 84 William St New York City Milton Dargan Atlanta Attorney for Service in Georgia IIAssets 1 Market value of real estate owned by the company less the amount of ineumbrances thereon 3478359 18 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 697700 00 3 Interest accrued Qn all bond and mortgage loans 13408 91 4 Value of lands mortgaged exclusive of buildings and perishable improvements 702650 00 5 Value of buildings mortgaged insured for 41300000 as collateral 969500 00 Total value of said mortgaged premises carried inside 1672150 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 5802489 50 12 Cash in companys principal office and branch offices 11769 79 13 Cash belonging to the company deposited in bank 658564 71 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 Or business written subsequent to October 1st 1907 18 Cash in hands of agents and in course of transmission or business written prior to October 1st 1907 All other assets both real and personal viz Rents due and accrued 1819120 due from other companies for reinsurance on losses already paid 3879893 670334 50 68336 64 1106463 82 37980 41 56990 13 Total 11932063 09 Deduct assets not admitted agents balances on business written prior to October 1st 1907 37980 41 Total assets of the company actual cash market value 11894082 68 IIILiabilities 1 Losses due and unpaid 1141183 64 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 571970 91 ComptrollerGeneral s Report 233 3 Losses resisted including interest costs and other expenses thereon 84396 84 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 770551 39 111248 16 6 Net amounts of unpaid losses 659303 33 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 4586031 97 Unearned premiums fifty per cent 2293015 98 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 9131375 86 Unearned premiums pro rata 4810745 05 Excess of original premiums over amount received for reinsurance 769427 07 Unearned 200052 26 11 Total unearned premiums as computed above carried out 7303813 29 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 94375 00 13 Amount reclaimable by the insured on perpetual fire insurance policies 104362 98 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 71079 23 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes 115006 22 Eeinsurance and return premiums 115605 89 Commission and brokerage 16957 81 247569 92 20 Total amount of all liabilities except capital stock scrip and net surplus 8480503 65 23 Surplus beyond capital and all other liabilities 3413579 03 24 Aggregate amount of all liabilities including capital paid up and net surplus 11894082 63 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 10251850 59 8 Deduct reinsurance and return premiums 3892120 78234 ComptrollerGexerals Eeport 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 235722 36 12 Income received from all other sources omitting in crease if any in value of securities viz Rents Deposit premiums on perpetual policies 14 American branches of foreign companies will please report amount of remittances from home office during the year 543 450 92 6359729 81 36014 71 85417 ill 1 02 15 Aggregate amount of income actually received during the year in cash 7260337 63 VExpenditures During the Year 1 Gross amount actually paid policyholders for losses including 66151001 losses occurring in previous years 4594938 79 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 33444 87 and all amounts actually received for reinsur ance in other companies 79774496 to tal deductions 831189 83 Net amount paid during the year for losses 4 Expenses of adjustment and settlement of 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 S AH other payments and expenditures viz advertising printing stationery rent and miscellaneous expenses Deposit premiums returned under perpetual fire policies American branches of foreign companies will please re port amount sent to home offices during the year Decrease in book value of assets bonds 3041368 real estate 38581235 10 3763 748 96 130476 08 945341 73 540635 36 210735 68 757742 29 17054 53 1119065 09 416226 03 Aggregate amount of actual expenditures during the year in cash 7901025 75 Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid Losses incurred 7351772 72 107577 95 82782 42 82412 42ComptrollerGenerals Report 235 ROYAL EXCHANGE ASSURANCE COMPANY OP LONDON ENG Uberto C Crosby Genl Mgr R D Harvey Asst Genl Mgr Principal Office in TJ S 92 Williams St New York City E E Paschall Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock deposited capital IIAssets 200000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1687380 45 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank 75 00 195917 55 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 195992 55 22698 19 223201 06 90083 27 Total assets of the company actual cash market value 2219355 52 IIILiabilities 1 Losses due and unpaid 1000 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 126882 00 3 Losses resisted including interest costs and other expenses thereon 24450 00 4 Total gross amount of claims for losses 152332 00 3 Deduct reinsurance thereon 38801 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 99625660 un earned premiums fifty per cent 498128 30 113531 00 236 ComptrollerGenerals Report Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 122384589 unearned premiums pro rata 660551 09 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance premiums unpaid 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash deposit capital 23 Surplus beyond capital and all other liabilities 1158679 39 1899 64 1274110 03 200000 00 745245 49 24 Aggregate amount of all liabilities including capital paid up and net surplus 2219255 52 IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 195321 07 3 Net collected 195321 07 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2151768 07 5 Total 2347089 14 6 Deduct premiums and bills in course of collection at this date 223201 06 7 Entire premiums collected during the year 2123888 08 8 Deduct reinsurance and return premiums 709813 65 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 14 American branches of foreign companies will please re port amount of remittances from home office during the year 1414074 43 71923 77 3829 08 15 Aggregate amount of income actually received during the vear in cash 148987 8 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 18037390 losses occurring in previous years 863104 07ComptrollerGenerals Report 237 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 500711 and all amounts actually received for reinsurance in other companies 35811935 total deductions 363126 46 Net amount paid during the year for losses 499977 61 6 Paid for commissions or brokerage 364251 53 7 Paid for salaries fees and other charges of officers clerks aggents and all other employees 100446 58 8 Paid for State national and local taxes in this and other States 47401 08 9 All other payments and expenditures viz Rent 710000 traveling 2752644 advertising and stationery 9 48715 postage etc 743668 legal expenses 1 54287 maps 1148969 furniture and fixtures 6 11561 inspection 2332029 miscellaneous 1012830 Total 1116223 83 10 American branch of foreign companies will please report amount sent to home offices during the year 327601 57 Aggregate amount of actual expenditures during the year in cash 1443825 40 Business in the State of Georgia During the Year Fire risks written 1515878 00 Premiums received gross 25319 84 Losses paid 4061 70 Losses incurred 5739 70 SCOTTISH UNION AND NATIONAL FIRE INSURANCE COMPANY OF EDINBURGH SCOTLAND James H Brewster U S Manager Principal Office 36 Pearl Street Edgar Dunlap Atlanta Attorney for Service in Georgia 1Capital 1 Whole deposit amount of capital stock 200000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 109684 84238 CoMPTROLLERGrENERAls REPORT 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 4 70905 interest accrued thereon 192415 total 438 362 50 6633 20 4 Value of lands mortgaged exclusive of buildings and perishable improvements 364350 00 5 Value of buildings mortgaged insured for 50200000 as collateral 653650 00 6 Total value of said mortgaged premises carried inside 1018000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3476571 25 13 Cash belonging to the company deposited in bank viz First National San Francisco 277436 National Ex change Hartford Conn 14014957 Imperial Bank of Canada Toronto Ont 1951361 Lake Shore Banking and Trust Co Cleveland O 500000 Union Savings and Loan Co Cleveland O 1000000 total cash items 177437 54 15 Interest due and accrued on stocks not included in mar ket value uncollected 32 069 16 17 Cash in hands of agents and in course of transmission 422315 09 Interest due and accrued on other assets 270 68 Total assets of the company actual cash market value 4663344 26 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 276605 41 3 Losses resisted including interest costs and other expenses thereon 12399 00 4 Total gross amount of claims for losses 289004 41 5 Deduct reinsurance thereon 95494 01 6 Net amount of unpaid losses 193 510 40 7 Gross premiums without any deductiou received and receivable upon all unex pired fire risks running one year or less from date of policy 164199688 unearned premiums fifty per cent 820998 44 ComptrollerGenerals Report 239 8 Gross premiums without and deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 208445484 unearned premiums pro rata 1120240 72 15000 00 11 Total unearned premiums as computed above carried out 1941239 16 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All ether demands against the company absolute and con tingent due and to become due admitted and eon tested viz Commissions due agents and brokers 59822 47 Return premiums 4433159 reinsurance 6175547 10608706 165909 53 20 Total amount of all liabilities except capital stock scrip and net surplus 2315659 09 21 Deposit capital 200000 00 23 Surplus beyond capital and all other liabilities 2147685 17 24 Aggregate amount of all liabilities including capital paid up and net surplus 4663344 26 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 269649 39 3 Net collected 269649 39 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3645224 27 5 Total 3914873 66 6 Deduct premiums and bills in course of collection at this date 271134 01 7 Entire premiums collected during the year 3643739 65 8 Deduct reinsurance and return premiums 1579852 28 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 2063887 37 21188 31 134201 62 9936 45 15 Aggregate amount of income actually received during the year in cash 2229213 95240 ComptkollerGenebais Eepoet VExpenditures During the Year 1 Gross amount actually paid for losses in eluding 24876561 losses occurring in previous years 1420131 12 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 645290 and all amounts actually received for reinsur aace in other companies 42567982 to tal deductions 432132 72 Net amount paid during the year for losses 987998 40 4 Expense of adjustment and settlement of losses 45475 09 6 Paid for commissions or brokerage 448884 00 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 109401 71 8 Paid for State national and local taxes in this and other States 61010 61 9 All other payments and expenditures viz Miscellaneous underwriting expenses 120374 33 Expenses on real estate and other investments 15277 71 10 American branches of foreign companies will please report amount sent to home offices during the year 20597 83 Aggregate amount of actual expenditures during the year in cash 1809019 68 Business in the State of Georgia During the Year Fire risks written 2532491 00 Premiums received gross 40525 42 Losses paid 21957 48 Losses incurred 19430 67 SEABOARD FIRE AND MARINE INSURANCE COMPANY OF GALVESTON TEXAS B Adone President J H Langbehn Secretary Principal Office Strand 2102 Galveston Texas VVm A Wright Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 250000 00 2 Amount paid up in cash 250000 00 IIAssets 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 59308 27ComptrollerGenerals Eeport 241 4 Value of lands mortgaged exclusive of buildings and perishable improvements 73700 52 5 Value of buildings mortgaged insured for 3400 00 as collateral 39500 00 6 Total value of said mortgaged premises carried inside 113200 52 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 Hutchings Sealy and Company 30058 55 Adone and Lobit 27500 00 258222 50 Total cash items 57558 55 14 Amount of premium notes upon which policies have been issued interest due on bank deposits 297 80 15 Interest due and accrued bonds not included in mar ket value uncollected 2880 86 16 Interest due and accrued on mortgage loans and un collected mortgages 2948 05 17 Cash in hands of agents and in course of transmission 19840 69 Due from reinsurance companies balance on account 36 28 Total assets of the company actual cash market value IIILiabilities 1 Losses not yet due and unpaid 2 Gross losses in process pf adjustment or in suspense including all reported and sup posed losses 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 1545 91 2772 50 4318 41 85 00 112598 37 56299 18 34089 67 25383 88 401093 00 56299 18 6 Net amount of unpaid losses 4233 41 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date date of policy 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 Unearned premiums pro rata 20 Total amount of all liabilities except capital stock scrip and net surplus 85916 17 16cg242 ComptrollerGenerals Report 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 65170 53 24 Aggregate amount of all liabilities including capital paid up and net surplus 401093 00 IVIncome During the Year Gross premiums and bills in course of col lection 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 re newed during the year as shown in risk and premium exhibit 11216 28 69 58 11146 70 204920 94 5 Total 216067 64 C Deduct premiums and bills in course of collection at this date 19840 69 7 Entire premiums collected during the year 196226 95 8 Deduct reinsurance and return premiums 66156 21 9 Net cash actually received for premiums carried out Net premiums for 1907 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 on bank deposits 15 Aggregate amount of income actually received during the year in cash 152236 33 130070 74 138764 73 11557 0 1913 90 VExpenditures During the Year Gross amount actually paid for losses in cluding 429763 losses occurring in pre vious years 55370 03 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 111464 and all amounts actually received for reinsur ance in other companies 1870768 to tal deductions 19822 32 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges t officers clerks agents and all other employees 35547 71 35118 06 8342 10ComptrollerGenerals Report 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash 24c 3580 26 14354 70 96942 79 SECURITY EIRE INSURANCE COMPANY OF NEW HAVEN CONN John W Ailing President Victor Roth Secretary Principal Office 37 Center St New Haven Conn Dan B Harris Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 50000 00 2 Loans on bond and mortgage duly recorded and be ing first liens on the fee simple 118300 00 3 Interest accrued on all said bond and mortgage loans 4197 56 4 Value of lands mortgaged exclusive of buildings and perishable improvements 102730 00 5 Value of buildings mortgaged insured for 11090000 as collateral 146150 00 6 Total value of said mortgaged premises carried inside 248880 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1537673 50 31 Total amount loaned on stocks bonds and all other se curities except mortgages 92820 00 12 Cash in company principal office 5073 49 13 Cash belonging to the company deposited in bank 55857 45 Total cash items 60930 94 16 Interest due and accrued on collateral loans and un collected 729 84 17 Cash in hands of agents and in course of transmission 205350 32244 Comptroller General s Keport 18 Bill receivable not matured taken for fire marine and inland risks Cash deposited with Philadelphia underwriters association 5557 96 100 00 Total assets of the company actual cash market value 2075660 12 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 186822 93 3 Losses resisted including interest costs and other expenses thereon 1790 00 4 Total gross amount of claims for losses 188612 93 5 Deduct reinsurance thereon 38849 53 149763 40 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 76010669 un earned premiums fifty per cent 38005334 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 141015921 unearned premiums pro rata 766342 99 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 2536 60 11 Total unearned premiums as computed above carried out 1148932 03 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Reinsurance premiums 4777500 State county and municipal taxes 1300000 total 2000 00 13477 75 20 Total amount of all liabilities except capital stock scrip and net surplus 1314 174 08 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 261486 04 24 Aggregate amount of all liabilities including capital paid up and net surplus 2075660 12ComptrolleeGexebal s Report IVIncome During the Year Fire Inland Marine and 7 Entire premiums collected during the year 1843702 47 6284 44 8 Deduct reinsurance and return premiums 565533 61 2593 04 9 Net cash actually received for premiums carried out 245 1278168 86 3691 40 1281860 26 10 Received for interest on bonds and mortgages 5684 36 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 71137 16 12 Income received from all other sources omitting increase if any in value of securities viz Rents 265840 2668 69 Total 79490 81 15 Aggregate amount of income actually received during the year in cash 1361351 07 VExpenditures During the Year 1 Gross amount actually paid for losses including 89 32524 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 499408 and all amounts actually received for re insurance in other com panies 10525141 total deductions Marine and Fire Inland 643717 76 16474 59 110081 43 164 06 Net amount paid during the year for losses 533636 33 16310 53 549946 id 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 30000 00 6 Paid commissions or brokerage 316872 12 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 99875 50246 ComptrollerGenerals Report 8 Paid for State national and local taxes in this and other States 26536 06 9 All other payments and expenditures 112769 18 Aggregate amount of actual expenditures during the year in cash 1136000 62 SHAWNEE FIRE INSURANCE COMPANY OP TOPEKA KANSAS Joab Mulrane President H S Morgan Secretary Principal Office 701 Jackson St Topeka Kansas Thomas I Lynch Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 IIAssets 200000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 1 24657 interest accrued thereon 1113740 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 2558228 00 5 Value of buildings mortgaged insured for 27467500 as collateral 540700 00 6 Total value of said mortgaged premises carried inside 3098928 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total amount loaned on stocks bonds and all other se curities except mortgages 12 Cash in companys principal office 7156 20 13 Cash belonging to the company deposited in bank Bank of Topeka Topeka Kansas 8472864 Merchants National Bank Topeka Kansas 538641 9011505 Total cash items 15 Interest due and accrued on stocks and bonds not in cluded in market value uncollected 45000 00 805585 00 12383 97 278750 00 39000 00 97271 25 1942 02ComptrollerGenerals Report 247 16 Interest due and accrued on collateral loans and un eollected 648 09 17 Cash in hands of agents and in course of transmission 169038 92 18 Bill receivable not matured taken for fire marine and inland risks 1734 9g Total assets of the company actual cash market value 1451355 13 IIILiabilities 1 Losses due and unpaid 26998 91 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 75885 00 4 Total gross amount of claims for losses 102883 91 5 Deduct reinsurance thereon 12 841 31 6 Net amount of unpaid losses 80 042 60 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 63764841 un r earned premiums fifty per cent 318824 20 j 8 Gross premiums without any deduction pUP received and receivable upon all unex pired fire risks running more than one year from date of policy 108890795 unearned premiums pro rata 631903 98 11 Total unearned premiums as computed above carried out 950728 18 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 1 872 70 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz reinsurance premiums 4 172 94 20 Total amount of all liabilities except capital stock scrip and net surplus 1046816 42 21 Joint stock capital actually paid up in cash 200 000 00 23 Surplus beyond capital and all other liabilities 204538 71 24 Aggregate amount of all liabilities including capital paid up and net surplus 1451355 13 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1773256 28248 ComptrollerGenerals Report 8 Deduct reinsurance and return premiums 452047 86 9 Net cash actually received for premiums carried out J321208 42 10 Received for interest on bonds and mortgages 42260 2 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 13079 80 12 Income received from all other sources omitting increase if any in value of securities viz Rents 624682 interest on deposits 24348 interest on premiums notes 12531 discount losses 285919 profit and loss past due premium notes etc 41940 discount in vestments 262550 total 12519 70 15 Aggregate amount of income actually received during the year in cash 1339068 84 I VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 832699 losses occurring in pre vious years 520832 88 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 186161 and all amounts actually received for reinsur ance in other companies 6648832 to tal deductions 68349 93 Net amount paid during the year for losses 452482 95 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Loss adjust ment expenses 673309 rents 262500 advertising 478423 printing and stationery 1797731 postage express etc 830076 legal expenses 147146 fur niture and fixtures 207183 general expense 671756 repairs on real estate 331811 premiums on invest ments 154250 30000 00 412949 87 56974 37 26615 65 55541 85 Aeeregate amount of actual expenditures during the year 1034564 69 in cash v ComptrollerGeneral s Report Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid Losses incurred 249 140707 00 2289 98 1785 71 3035 71 SOUTHERN FIRE INSURANCE COMPANY OF LYNCHBURG VA J G Payne President Holmes Cummins Secretary Principal Office 214 216 Ninth St Lynchburg Va George A Hart Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIAssets 2 Loans on bond and mortgages duly recorded and being first liens on the fee simple 160000 00 3 Interest accrued on all said bond and mortgage loans 2507 95 4 Value of lands mortgaged inclusive of buildings 415000 00 5 Buildings mortgaged insured for 182265 as collateral 6 Total value of said mortgaged premises carried inside 415000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 170985 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 59000 00 12 Cash in companys principal office 3401 33 13 Cash belonging to the company deposited in bank viz First National Bank of Richmond Va 498067 First National Bank of Lynchburg Va 780743 Peo ples National Bank of Lynchburg Va 1751946 American National Bank of Lynchburg Va 30649 Lynchburg Na tional Bank of Lynchburg Va 15400 National Exchange Bank of Lynchburg Va 31470 31082 75 Total cash items 34484 03 250 ComptrollerGenerais Report 15 Interest accrued on stocks and bonds not included in market value uncollected 16 Interest accrued on other assets 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Stationery and supplies Furniture and maps Total assets ofthe company actual cash market value Deduct Assets not Considered Admitted Loans on companys stock 500 00 Stationery and supplies 1045 00 Furniture and maps 3432 36 Agents balances representing business written prior to October 1 1907 690 88 2076 66 640 23 52006 01 1045 00 3432 36 486177 2 5668 24 480509 05 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 21125 72 4 Total gross amount of claims for losses 21125 72 5 Deduct reinsurance thereon 4424 11 6 Net amount of unpaid losses 16701 61 7 Gross premiums without any deduction received and receivable upon all unex plred lire risks running one year or less from date of policy 19846782 un earned premiums fifty per cent 99233 91 8 Gross premiums witnout any deduction received and receivable upon all unex pired fire risks running more than one year Irom date of policy 8355764 unearned premiums pro rata 54546 99 11 Total unearned premiums as computed above carried out 153780 90 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz reinsurance premiums 842 37 20 Total amount of all liabilities except capital stock scrip and net surplus 171324 88ComptrollerGenerals Eeport 251 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 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 317758 27 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 200000 00 109184 17 480509 05 52006 01 265752 26 99215 57 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 752789 losses occurring in pre vious years 84595 35 2 Deduct all amounts actually received for salvage whether on losses of the last or of previous year 53664 and all amounts actually received for reinsur ance in other companies 946653 to tal deductions 10003 17 166536 69 18652 71 185189 10 Net amount paid during the year for losses 74 592 18 Expenses of adjustment and settlement of losses 1226 41 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20 000 00 6 Paid for commissions or brokerage 51 543 98 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 22638 64 8 Paid for State national and local taxes in this and other States 9120 56 9 All other payments and expenditures viz Miscellaneous agency expenses 20812 advertising 80134 print ing and stationery 348842 postage 81296 furniture and maps 157083 underwriting boards and tariff associations 113897 local board charges 60073 general expenses rents included 444939 exchange 7572 sundry small disbursements from profit and loss account 3985 13184 33252 ComptrollerGenerals Report Aggregate amount of actual expenditures during the year in cash 192306 10 Business in the State of Georgia During the Year Fire risks written 511291 00 Premiums received gross 8295 26 Losses paid 2788 8 Losses incurred 2788 58 SOUTHEEN FIRE INSURANCE COMPANY OF NEW ORLEANS LA Robert Dickson President J Alfred Stromberg Secretary Principal Office 620626 Carron St New Orleans La J L Riley Atlanta Attorney for Service in Georgia 1Capital 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 75000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4966 25 12 Cash in companys principal office 4059 95 13 Cash belonging to the company deposited in banks Hanover National Bank New York 1697708 P V Rovnianek Co Pittsburg 4069072 Whitney Central National Bank New Orleans La 5226532 Metropolitan Bank New Or leans La 9755 Bank of Orleans New Orleans La 123571 Citizens National New Orleans La 510671 New Orleans National New Orleans La 270233 Cosmopolitan New Orleans La 44212 State National Bank New Orleans La 8996 Philadelphia Un derwriters Association 10000 119707 50 Total cash items 123767 45 17 Cash in hands of agents and in course of transmission 220855 44 Total assets of the company actual cash market value 898789 14CompteolleeGteneeals Repoet 253 IIILiabilities 1 Losses due and unpaid 53614 56 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 50988 12 3 Losses resisted including interest costs and other expenses thereon 1400 00 4 Total gross amount of claims for losses 10600268 5 Deduct reinsurance thereon 444 60 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 67289007 un earned premiums fifty per cent 336445 03 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 22565283 unearned premiums pro rata 146709 93 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unex pired inland navigation and marine risks 531970 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Outstanding reinsurance 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 98451 27 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 105558 00 2659 85 8965 06 600337 87 200000 00 298451 27 898789 14 Fire Marine and Inland 4 Gross premiums on risks written and renewed dur ing the year as shown in risk and premium ex hibit 1438946 15 31479 30 8 Deduct reinsurance and re turn premiums 540606 69 19859 43 9 Net cash actually receiv ed for premiums carried out 898339 46 11619 47 909958 93254 ComptrollebGenebals Repoet 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 Gross increase in book value of real estate 15 Aggregate amount of income actually received during the year in cash VExpenditures During the Year Fire Marine Inland 1 Gross amount actually paid for losses 335700 43 16893 53 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 381870 and all amounts actually received for re insurance in other compa nies 7759681 total de ductions 75316 84 6098 67 16924 71 15723 13 942606 77 Net amount paid during the year for losses 310383 59 10794 86 321178 45 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 7192 52 Expenses of adjustment in settlement of losses 16000 00 6 Paid for commissions or brokerage 162327 03 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 103243 58 8 Paid for State national and local taxes in this and other States 22534 53 9 All other payments and expenditures viz Rents 818040 advertising 309079 printing and stationery 11 11393 postage telegram and telephone 373246 legal 50000 underwriters boards 452064 real estate ex penses 121443 sundry office expenses 437312 36725 77 Gross decrease in book value of bonds 11935 00 Aggregate amount of actual expenditures during the year in cash 681136 88 Business in the State of Georgia During the Year Fire risks written 738468 00 Premiums received gross 13595 79 Losses paid 4416 73 Losses incurred 3204 73 COMPTROLLEBGrENERALs RePOET 255 SOUTHERN MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Billups Phinizy President A E Griffith Secretary Principal Office College Ave Athens Ga Officers Attorney for Service in Georgia 1Capital This is a Mutual Company having no Capital Stock Its assets at present market value amount to i045483 97 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 117 729 53 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 883340 00 13 Cash belonging to the company deposited in bank Georgia National Bank Athens Ga 1947 86 Total cash items 19 547 gg 16 Interest due and accrued on stocks not included in mar ket value uncollected 18 315 00 17 Cash in hands of agents and in course of transmission 6451 58 Total assets of the company actual cash market value 1045483 97 IIILiabilities 2 Gross losses in process of adjustment or in supposed losses 1970 00 6 Net amount of unpaid losses 1 970 00 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 33522529 un earned premiums fifty per cent 167612 65 11 Total unearned premiums as computed above carried out 167612 65 20 Total amount of all liabilities except capital stock scrip and net surplus 169582 65 22 Scrip outstanding 128197 15 23 Surplus beyond capital and all other liabilities 747703 87 24 Aggregate amount of all liabilities including capital paid up and net surplus 1045483 97256 ComptrollerGenerals Eeport IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 340316 63 7 Entire premiums collected during the year 340316 63 8 Deduct return premiums 5091 34 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 omitting increase if any in value of securities 15 Aggregate amount of income actually received during the the year in cash 335225 29 43429 78 373 85 379028 92 1557 80 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 853606 losses occurring in pre vious years Net amount paid during the year for losses 5 Scrip or certificates of profit redeemed in cash 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 66557 80 202404 72 50281 87 18302 55 10566 05 Aggregate amount of actual expenditures during the year in cash i 348112 99 Business in the State of Georgia During the Year Eire risks written 34564469 00 Premiums received gross 335225 29 Losses paid 66557 f Losses incurred o991 14 SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS A W Damon President W J Mackay Secretary Principal Office 185 State St Springfield Mass C L Stoney Co Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 2000000 00CompteollebGenebals Repoet 257 2 Amount of ledger assets as per balance December 31 of previous year 6422397 07 Extended at 6422397 07 IIIncome 5 Gross premiums 6568096 48 6 Deduct reinsurance rebate abatement and return premiums 1614417 43 7 Total premiums other than perpetual 4953679 05 4953679 05 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits 14 Gross rents from companys property in cluding 1500000 for companys oc cupancy of its own buildings 31079 14 300 00 187341 78 14327 12 15000 00 15 Total gross interests and rents 16 Gross profit on sale or maturity of ledger assets viz stocks 17 Gross increase in book value of ledger assets viz stocks 19 Holyoke Water Power Co extra dividend 25 per cent 2500 00 20 Agents balances collected charged to profit and loss in 1906 433 73 248048 04 23390 8S 2000 00 Total 2933 73 28 Total income 5230051 70 IIIDisbursements 1 Gross amount paid policyholders for losses including 32118495 occurring in pre vious years 2586399 18 2 Deduct amount received for salvage 16 71950 and for reinsurance in other companies 36605687 382776 37 3 Net amount paid policyholders for losses 2203622 81 4 Expenses of adjustment and setlement of losses 6 Paid stockholders for interest or dividends 9 Commissions or brokerage 10 Allowances to local agencies for miscellaneous agency expenses 11 Salaries 12990447 and expenses 8664567 of special and general agents 17cg 2203622 81 25090 90 200000 00 961317 51 32556 19 216550 14258 CompteollebGenebal s Repobt 12 Salaries fees and all other charges of officers directors trustees and home office employees 231713 05 13 Bents including 1500000 for companys occupancy of its own buildings 15000 00 14 Advertising 2153294 printing and stationery 42 75647 64289 11 15 Postage telegrams telephone and express 16429 32 16 Legal expenses 2650 40 17 Furniture and fixtures 1473 50 18 Maps including corrections 10208 73 19 Underwriters boards and tariff associations 52694 27 20 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 32373 61 21 Inspections and surveys 24618 27 22 Repairs and expenses other than taxes on real estate 500 00 23 Taxes on real estate 3750 00 24 State taxes on premiums 85736 41 25 Insurance department licenses and fees 13508 46 26 All other licenses fees and taxes Massachusetts franchise taxes 2182454 Sundry county and municipal license 7204 81 29029 35 27 Gross loss on sale or maturity of ledger assets viz Eeal estate 1838 92 Stocks 6380 63 8219 55 28 Gross decrease in book value of ledger assets viz Stocks 2500 00 2500 00 30 Agents balance charged profit and loss 421 27 32 Sundry supplies and incidental accounts 27768 28 28189 55 40 Total disbursements 4262022 23 41 Balance 7390426 54 IVLedger Assets 1 Book value of real estate unincumbered 350000 00 2 Mortgage loans on real estate first liens 977070 3 Loans secured by pledge of bonds stocks or other collaterals 6000 00 4 Book value of bonds excluding interest 1132969 87 and stocks 331097405 4443943 92 5 Cash in companys office 797 91 6 Deposited in trust companies and banks not on interest 171662 92ComptrollerGenebais Report 259 7 Deposited in trust companies and banks on interest 525479 91 8 Agents balances representing business written subsequent to October 1 1907 908100 31 9 Agents balances representing business written prior to October 1 1907 7371 57 16 Total ledger assets 7390426 51 NonLedger Assets 17 Interest accrued on mortgages 20318 17 18 Interest accrued on bonds 17452 08 19 Interest accrued on collateral loans 150 00 22 Total 37920 25 28 Gross assets 7428346 79 Deduct Assets Not Admitted 32 Agents balances representing business written prior to October 1 1907 7371 57 35 Book value of ledger assets over market value viz 36 Bonds 192069 87 37 Stocks 23946 55 38 Total 223387 99 39 Total admitted assets 7204958 80 VLiabilities 1 Gross losses adjusted not yet due 164285 67 2 Gross claims for losses in process of adjust justment or in suspense including all reported and supposed losses 274456 53 3 Gross claims for losses resisted 16392 84 4 Total 455135 04 5 Deduct reinsurance due or accrued 114080 38 6 Net amount of unpaid losses and claims 341054 66 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 3483 97929 unearned premiums fifty per cent 1741989 65 260 ComptrollerGenerals Eeport 8 Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 390934445 un earned premiums pro rata 2159916 75 12 Total unearned premiums as computed above3901906 40 19 Salaries rents expenses bills accounts fees etc due or accrued 5125 20 20 State county and municipal taxes due or accrued 46114 22 27 Total amount of all liabilities except capital 4294200 48 28 Capital actually paid up in cash 2000000 00 29 Surplus over all liabilities 910758 32 30 Surplus as regards policyholders 2910758 32 31 Total liabilities 7204958 80 Business in the State of Georgia During the Year Risks written 44124 86 Gross premiums received 65916 39 Less cancellations net premiums for taxation 52275 62 Losses paid 26732 91 Losses incurred 24400 70 ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUL MINN C H Bigelow President A W Perry Secretary Principal Office Corner 3d and Jackson Sts St Paul Minn J L Riley Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 500000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 269298 21 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 617360 00 3 Interest due on all said bond and mortgage loans 12000 interest accrued thereon 587425 5994 5ComptrollerGenerals Report 261 4 Value of lands mortgaged exclusive of buildings and perishable improvements 406810 00 5 Value of buildings mortgaged insured for 69832500 as collateral 962590 00 6 Total value of said mortgaged premises carried inside 1369400 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market vallie 3133913 50 11 Total amount loaned on stocks bonds and all other se curities except mortgages 25000 00 12 Cash in companys principal office 2259 12 13 Cash belonging to the company deposited in bank Merchants National Bank St Paul Minn 15412564 National Ger man American Bank St Paul Minn 7256987 Second National Bank St Paul Minn 8370000 United States Mortgage and Trust Co N Y 2 39678 Astor Trust Co New York 7908485 EobartsLubbock Co Lon don 3452576 Total cash items 428662 02 15 Interest due and accrued on bonds not included in mar ket value uncollected 29 812 19 17 Cash in hands of agents and in course of transmission 422791 35 18 Bill receivable not matured taken for fire marine and inland risks 17 431 28 All other assets both real and personal Due from other companies for reinsurance on losses already paid At lantic Mutual Insurance Co scrip 2 163 00 Due from reinsurance companies 4g 993 02 Total assets of the company actual cash market value 5001420 02 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 404046 70 3 Losses resisted including interest costs and other expenses thereon 21820 00 4 Total gross amount of claims for losses 425866 70 5 Deduct reinsurance thereon 65948 19 6 Net amount of unpaid losses 359918 51262 ComptrollerGenerals Kefort 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 171103500 un earned premiums fifty per cent 855517 50 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 377136897 unearned premiums pro rata 207511105 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired in land navigation and marine risks 160 84728 80423 64 11 Total unearned premiums as computed above oarried out 3011052 19 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due agents 3796 70 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 3374767 40 500000 00 1126652 62 5001420 02 IVIncome During the Year 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 other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1096146 profit and loss account 437853 15 Aggregate amount of income actually received during the year in cash 3890347 45 34164 17 139811 43 15339 99 4079663 04 VExpenditures During the Year 1 Gross amount actually paid for losses including 50920941 losses occurr ing in previous years 1810085 rS2958 68ComptrollerGenerals Report 263 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years and all amounts actually received for re insurance in other com panies total deductions 175721 26 436151 62 Net amount paid during the year for losses 1634364 63 346807 16 198117179 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 909923 92 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 17791582 8 Paid for State national and local taxes in this and other States 100537 78 9 All other payments and expenditures viz Inspection bureaus loss expenses printing and stationery legal ex penses etc 128586 02 Aggregate amount of actual expenditures during the year in cash 3348135 33 Business in State of Georgia During the Year Fire Marine Inland Aggregate Fire marine and inland risks written 3520058 00 3044795 00 6564853 00 Premiums received gross 56495 43 13444 90 69940 33 Losses paid 19369 81 1963 20 21333 01 Losses incurred 15637 72 3316 41 18954 19 SUBSCRIBERS AT UNITED STATES LLOYDS MARINE INSURANCE UNDERWRITERS OF NEW YORK CITY A F Higgins Herbert Appleton Douglas F Cox Attorneys for the Subscribers Principal Office 3 South William St New York City Edward E Paschall Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 100000 00 2 Amount paid up in cash 100000 00264 ComptbolleeGexebal s Kepoet IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value if 12 Cash in companys principal office 2000 00 13 Cash belonging to the company deposited in bank 275902 78 Total cash items 15 Interest due and accrued on bonds not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal Due from other companies for reinsurance on losses already paid Reinsurance returns Reinsurance paid on unterminated 16098099 brokerage paid on unterminated 1073139 528700 0 277902 78 8181 24 445650 43 122088 24 7095 01 171712 38 Total assets of the company actual cash market value 1661330 08 IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 1008015 00 3 Losses resisted including interest costs and other expenses thereon 13500 00 4 Total gross amount of claims for losses 1021515 00 5 Deduct reinsurance thereon 668685 00 352830 00 637510 08 36000 00 6 Net amount of unpaid losses 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired in land navigation and marine risks 637510 08 11 Total unearned premiums as computed above carried 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 scrip and net surplus 1026340 08 21 Joint stock capital actually paid up in cash amount of original deposit 100000 00 The liability of each Subscriber is unlimited for his pro portion of every risk written 23 Surplus beyond capital and all other liabilities 534990 00 634990 00 24 Aggregate amount of all liabilities including capital paid up and net surplus 1661330 08ComptrollerGeneral s Report IVIncome During the Year 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 401722 74 2 Deduct amount of same not collected 1868 61 265 3 Net collected 399854 13 4 Gross premiums on risks written and renewed during the year as shown in risk and premium exhibit 2823 729 37 5 Total 3223583 50 6 Deduct premiums and bills in course of collection at this date 443 731 82 7 Entire premiums collected during the year 2779801 68 8 Deduct reinsurance and return premiums 1720254 54 9 Net cash actually received for premiums carried out 1059547 14 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 33 359 05 12 Income received from all other sources omitting increase if any in value of securities 357 532 75 15 Aggregate amount of income actually received during the year in cash 1450538 95 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 57148469 losses occurring in previous years 2373055 23 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 13447267 and all amounts actually received for reinsur ance in other companies 141999446 total deductions 1554467 13 Net amount paid during the year for losses 818588 10 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 335162 26 7 Paid for salaries fees andother charges of officers clerks agents and all other employees 101967 7o 8 Paid for State national and local taxes in this and other States 22099 64266 ComptrollerGenerals Report 9 All other payments and expenditures viz Rent 913336 amount on deposit with us in trust 5622088 invest ments 5812500 depreciation 2175050 145229 74 Aggregate amount of actual expenditures during the year in cash 1473047 49 Business in the State of Georgia During the Year Marine and inland risks written 1404646 00 Premiums received gross 6257 73 Losses paid 24 50 Losses incurred 74 50 SUN INSURANCE OFFICE OF LONDON ENG T 1 Guile Manager Principal Office 54 Pine St New York City J T Fitten Atlanta Attorney for Service in Georgia IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 271000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 50000 00 3 Interest due and accrued thereon 220 83 4 Value of lands mortgaged exclusive of buildings and perishable improvements 55000 00 5 Value of buildings mortgaged insured for 4000000 as collateral 47500 00 6 Total value of said mortgaged premises carried inside 102500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2668040 89 12 Cash in companys principal office 363 51 13 Cash belonging to the company deposited in bank Merchants National and Bank of New York National Bank of Com merce Mercantile Trust Co New York and Commercial National Chicago 387265 71 Total cash items 387629 22 15 Interest due and accrued on bonds stocks not included in market value uncollected 29643 24ComptrollerGenerals Eeport 267 17 Cash in hands of agents and in course of transmission 380141 46 18 Interest due and accrued on other assets 2774 93 All other assets both real and personal rents due and accrued j 1316 67 Total assets of the company actual cash market value 3790767 24 IIILiabilities 1 Losses due and unpaid 57260 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 163934 00 3 Losses resisted including interest costs and other expenses thereon 8200 00 4 Total gross amount of claims for losses 229394 00 5 Deduct reinsurance thereon 14799 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 197626881 un earned premiums fifty per cent 988134 40 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 268897627 unearned premiums pro rata 1445421 47 11 Total unearned premiums computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz State county and municipal taxes due or accrued Reinsurance premiums 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 7 Entire premiums collected during the year 3560502 49 8 Deduct reinsurance and return premiums 741211 34 214595 00 2433555 87 2104 06 56385 82 4905 39 2711546 14 1079221 10 9 Net cash actually received for premiums carried out 2819291 15268 ComptrollerGenerals Report 10 Eeceived for interest on bonds and mortgages 2487 50 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 109152 23 12 Income received from all other sources omitting increase if any in value of securities 11868 S7 Profit on sale of bonds 211 11 14 American branches of foreign companies will please re port amount of remittances from home office during the year 35710 25 15 Aggregate amount of income actually received during the year in cash 2978 721 11 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 27381835 losses occurring in previous years 1460729 28 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1036427 and all amounts actually received for reinsur ance in other companies 14186137 to tal deductions 152225 64 Net amount paid during the year for losses 1308503 64 36878 58 621240 61 158675 67 52446 06 Expenses of adjustment and settlement of 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 Special agents and local agencies 3067940 rents 2203962 post age advertising and printing 5211945 legal ex penses 154454 furniture fixtures maps 1040514 underwriters boards tariff associations fire depart ments etc 7272016 inspections and surveys 10 60610 10 American branches of foreign companies will please re port amount sent to home offices during the year Aggregate amount of actual expenditures during the year in cash 2578203 22 200114 U 200344 25 Business in the State of Georgia During the Fear Fire risks written Premiums received gross Losses paid Losses incurred 3906827 00 43000 87 33386 OS 32419 77ComptrollerGenerals Beport 269 SUN FIRE INSURANCE COMPANY OP NEW ORLEANS LA Charles Janvier President William P Maus Secretary Principal Office 308 Camp St New Orleans La T C Whitner Atlanta Attorney for Service in Georgia Capital L Whole amount of capital stock 2 Amount paid up in cash 500000 00 IIAssets 500000 00 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 4098 13 Cash deposited in bank 17081 36 Total cash items All other assets both real and personal due from other companies for reinsurance on losses already paid Premiums in course of collection 90320 93 Loss over 3 months due 1600 00 40000 00 945010 00 17122 34 955 24 88720 93 Total assets of the company actual cash market value 1091808 51 IIILiabilities 1 Losses unpaid 7 860 33 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 41469 75 3 Losses resisted including interest costs and other expenses thereon 1623 92 4 Total gross amount of claims for losses 50954 00 5 Deduct reinsurance thereon 11070 00 6 Net amount 01 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 38748702 un earned premiums fifty per cent 39884 00 193743 51270 ComptrollerGeneral s Eeport 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy unearned premiums pro rata 189109 61 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 con tested viz Unpaid reinsurances 382853 12 2275 00 2529 57 20 Total amount of all liabilities except capital stock scrip and net surplus 427 541 09 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 164266 82 24 Aggregate amount of all liabilities including capital paid up and net surplus 1091808 51 IVIncome During the Year Fire Marine Inland 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement i 63045 50 3 Net collected 4 Gross premiums on risks written and renewed dur ing the year as shown in risk and premium ex hibit 5 Total 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and re turn premiums 9 Net cash actually received for premiums carried out 63045 50 858463 74 921509 24 88720 93 832788 31 308747 38 34731 72 34731 72 16171 47 524040 93 18560 25 542601 18 ComptrollerGenerals Eeport 271 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 49 048 00 12 Income received from all other sources omitting increase if any in value if securities viz Rents 300000 profit on sale of securities 13000 profit and loss account 41193 bills payable 8000000 total 83541 93 15 Aggregate amount of income actually received during the year in cash 675191 11 VExpenditures During the Year Fire Marine Inland 1 Gross amount actually paid for losses including 56 77496 losses occurring in previous years 304682 49 18002 56 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 425296 and all amounts actually received for re insurance in other com panies 753913 total deductions 65660 05 10132 04 Net amount paid during the year for losses 239022 44 7870 52 246892 96 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 73930 00 6 Paid for commissions or brokerage 126 661 93 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 28 495 00 8 Paid for State national and local taxes in this and other States 14122 18 9 All other expenditures 167 152 04 Aggregate amount of actual expenditures during the year in cash 657254 11 Business in the State of Georgia During the Year Fire risks written 3190810 50 Premiums received gross 60483 35 Losses paid 26 316 22 Losses incurred 26 331 22 272 ComptrollerGenerals Report the united firemens fire insurance company of philadelphia penn Robert B Beath President Henry A Knabe Secretary Principal Office 419 Walnut St Philadelphia Penn Robert N Hughs 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 141450 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 298332 00 3 Interest due on all said bond and mortgage loans 20747 interest accrued thereon 388885 total 4096 32 4096 32 4 Value of lands mortgaged exclusive of buildings and perishable improvements 232050 00 5 Value of buildings mortgaged insured for 26100000 as collateral 374600 00 6 Total value of said mortgaged premises carried inside 606650 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1177539 00 11 Total amount loaned on stocks bonds and all other se curities except mortgages 194000 00 12 Cash in companys principal office 6847 65 13 Cash belonging to the company deposited in bank Central National Bank 37 45657 Quaker City National Bank 22 92281 and real estate Title Insurance and Trust Co 2469913 total 85078 51 Total cash items 91926 16 16 Interest due and accrued on collateral loans and un collected 1856 49 17 Cash in hands of agents and in course of transmission 83242 22 Perpetual deposits in course of collection 2877 01 Deposited with Philadelphia Underwriters Association 100 00 Total assets of the company actual cash market value 1995 419 20ComptrollerGenerals Report IIILiabilities 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 47108 86 3 Losses resisted including interest costs and other expenses thereon 700 00 4 Total gross amount of claims for losses 47808 86 5 Deduct reinsurance thereon 2630 74 273 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 45868074 un earned premiums fifty per cent 229340 37 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 57402835 unearned premiums pro rata 323035 07 Amount reclaimable on perpetual policies being 90 and 95 per cent of deposits 906444 45 45178 12 11 Total unearned premiums as computed above carried 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 scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 800758 10 8 Deduct reinsurance and return premiums 142586 18 2959 07 1506957 08 400000 00 88462 12 9 Net cash actually received for premiums carried out 658171 92 10 Keceived for intefest on bonds and mortgages 15381 60 11 Keceived for interests and dividends on stock and bonds collateral loans and from all other sources 59723 83 18cg 274 CompteollebGenebals Repoet 12 Income received from all other sources omitting increase if any in value of securities viz Rents 537363 profit on sale of real estate 10915 profit and loss from premium 4079 15 Aggregate amount of income actually received during the year in cash Deposit premiums written on perpetual deposits Total income 5523 57 738800 92 42324 08 781125 00 VExpenditures During the Year Gross amount actually paid for losses in cluding 5082234 losses occurring in previous years Deduct all amounts actually received for salvages whether on losses of the last or of previous years 115874 and all amounts actually received for reinsur ance in other companies 6191731 to tal deductions 340028 37 63076 05 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz agency ex penses 814799 advertising printing and stationery 696573 postage and telegram expenses 244904 legal expenses 34799 furniture 37500 maps 2 77390 underwriters boards 377200 fire department and patrols 471687 inspection and surveys 133937 real estate taxes and repairs 724489 insurance de partment 503209 adjusting 435826 profit and loss 172521 miscellaneous 394139 Aggregate amount of actual expenditures during the year in cash Amount of perpetual deposits returned Total disbursements 284952 32 40000 00 159276 53 43296 44 10071 30 53139 84 590736 43 34429 06 625 165 49ComptrollerGenerals Report 275 Business in the State of Georgia During the Year Eire risks written 477002 00 Premiums received gross 8535 44 Losses paid 6053 42 Losses incurred 3312 01 VIRGINIA STATE FIEE INSURANCE COMPANY OF RICHMOND VA Geo L Christian President Robert Leeky Jr Secretary Principal Office Cor Fifth and Main St Richmond Va Carlton Y Smith Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 2 Amount paid up in cash IIAssets 200000 00 200000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 100000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 46685 55 3 Interest due on all said bond and mortgage loans 937 47 4 Value of lands mortgaged exclusive of buildings and perishable improvements 42800 00 5 Value of buildings mortgaged insured for 6800000 as collateral 124400 00 6 Total value of said mortgaged premises carried inside 167200 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 14252 45 13 Cash belonging to the company deposited in bank National State Bank 36024 95 498905 00 Total cash items 15 Interest due and accrued on stocks and bonds not in cluded in market value uncollected 16 Interest due and accrued on other assets 17 Cash in hands of agents and in course of transmission 18 Bill receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Open accounts 165264 brokerage premiums 565488 furniture and fixtures 187983 printing office 87217 Total assets of the company actual cash market value 50277 40 4066 82 785 45 177930 79 1815 32 10059 52 891463 32 276 ComptrollerGenerals Report IIILiabilities 1 Losses due and unpaid 43404 51 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 53537 87 3 Losses resisted including interest costs and other expenses thereon 4000 00 4 Total gross amount of claims for losses 100942 38 5 Deduct reinsurance thereon 13578 39 6 Net amount of unpaid losses 87363 99 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 48613158 un earned premiums fifty per cent 243065 79 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 32430547 un earned premiums pro rata 191105 83 11 Total unearned premiums as computed above carried out 16 Cash dividends to stockholders remaining unpaid 8 Amount of borrowed money 39 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions due agents Reinsurance premiums 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 891463 32 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 3 Net collected 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 165063 52 165063 52 1027066 37 434171 62 285 50 20000 30 36938 55 2873 58 581633 24 200000 00 109830 08ComptrollerGenerals Report 277 5 Total 1192129 89 G Deduct premiums and bills in course of col lection at this date 177930 79 7 Entire premiums collected during the year 1014199 10 8 Deduct reinsurance and return premiums 283130 13 9 Net cash actually received for premiums carried out 731068 97 10 Received for interest on bonds and mortgages 2384 43 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 21399 54 12 Income received from all other sources omitting increase if any in value of securities 9024 58 Borrowed money 20000 00 15 Aggregate amount of income actually received during the year in cash 783877 52 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 5270414 losses occurring in pre vious years 460443 92 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years and all amounts actually received for reinsurance in other companies total deductions 52617 80 Net amount paid during the year for losses 407831 12 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 37 18750 37168 00 6 Paid for commissions or brokerage 187770 49 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 30537 88 8 Paid for State national and local taxes in this and other States 8625 24 9 All other payments and expenditures viz Advertising 563127 printing and stationery 512736 office rent 300000 furniture and fixtures 250468 fire depart ment fees patrol etc 730752 other expenses 2326213 total 46833 Aggregate amount of actual expenditures during the year 718765 69 in cash v Business in the State of Georgia During the Year 1730494 00 Fire risks written Premiums received gross 36196 65 18321 36 Losses paid 24912 36 Losses incurred 278 ComptrollerGenerals Eepoet westchestbe fire insurance company of new york George R Crawford President John H Kelly Secretary Principal Office 100 William St New York City Edgar Dunlap Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of capital stock 300 000 00 2 Amount paid up in cash 300000 00 IIAssets 1 Market value of real estate owned by the company less the amount of incumbrances thereon 8 716 25 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 267 650 00 3 Interest due on all said bond and mortgage loans 88250 interest accrued thereon 129352 total 2176 02 4 Value of lands mortgaged exclusive of buildings and perishable improvements 235100 00 5 Value of buildings mortgaged insured for 28565000 as collateral 319800 00 6 Total value of said mortgaged premises carried inside 554900 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2714850 00 12 Cash in companys principal office 11375 40 13 Cash belonging to the company deposited in bank Chatham National Bank of New York 180501 12 Union Trust Co of New York 16364 37 Total cash items 208240 89 35 Interest due and accrued on bonds not included in mar ket value uncollected 2 475 qq 17 Agents balances representing business written subse quent to October 1 1907 421 980 77 Total assets of the company actual cash market value 3625 088 3 IIILiabilities 1 Losses adjusted not yet due 65097 50 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 130134 87ComptrollerGenerals Eeport 279 3 Losses resisted including interest costs and other expenses thereon 2000 00 4 Total gross amount of claims for losses 20723237 5 Deduct reinsurance thereon 21499 92 6 Net amount of unpaid losses 185732 45 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 165847966 un i earned premiums fifty per cent 829239 83 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 258496999 unearned premiums pro rata 1372656 42 11 Total unearned premiums as computed above carried out 2201896 25 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 5000 00 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Reinsurance premiums 2000000 com missions brokerage etc due or to become due to agents and brokers 5000 00 25000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 2417628 70 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 907460 23 24 Aggregate amount of all liabilities including capital paid up and net surplus 3625088 93 IVIncome During the Year 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3307000 65 8 Deduct reinsurance and return premiums 821042 23 9 Net premiums carried out 2485958 42 10 Received for interest on bonds and mortgages 18490 83 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 122733 44280 ComptrollerGenerals Report 12 Income received from all other sources omitting increase if any in value of securities viz Bents 12275 and interest on deposits 87852 Gross profit on sale of real estate 1001 27 2885 53 15 Aggregate amount of income 2631069 49 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 22952146 losses occurring in previous years 1444355 71 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1107875 and all amounts actually received for reinsur ance in other companies 16o75667 to tal deductions 176835 42 Net amount paid during the year for losses 3 Expenses of adjustment and settlement of losses 14581 35 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 90000 00 6 Paid for commissions or brokerage 489304 53 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 108257 46 8 Paid for State national and local taxes in this and other States 60676 05 9 All other payments and expenditures 291249 34 Aggregate amount of actual expenditures during the year in cash 2321589 32 Business in the State of Georgia During the Year Fire risks written 2345184 00 Premiums received gross 38740 62 Losses paid 24326 24 Losses incurred 19657 64 WESTEBN ASSURANCE COMPANY OF CANADA Hon Geo A Cox President C 0 Foster Secretary Principal Office 22 Wellington St East Toronto Can Geo J Dexter Atlanta Attorney for Service in Georgia IIAssets 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1766285 45ComptrollerGeneral s Report 281 12 Cash in companys principal office 22 61 13 Cash belonging to the company deposited in banks viz Win Gray and H B Walker agents Canadian Bank of Com merce New York 32672938 Corn Ex change National Bank Chicago 1 91450 United States Mortgage and Trust Co New York 5000 total 333643 88 Total cash items 333666 49 15 Interest due and accrued on stocks not included in mar ket value uncollected 22602 18 17 Cash in hands of agents and in course of transmission 182631 76 18 Bill receivable not matured taken for fire marine and inland risks 14467 93 Total assets of the company actual cash market value 2319653 81 IIILiabilities 1 Losses due and unpaid 21194 37 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 227449 90 3 Losses resisted including interest costs and other expenses thereon 6695 23 4 Total gross amount of claims for losses 255339 50 6 Net amount of unpaid losses 255339 50 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 143822674 un earned premiums fifty per cent 719113 37 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 1415353 97 unearned premiums pro rata 717177 22 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine time hull risks 9691485 fifty per cent 48457 42 10 Gross premiums without any deduction received and receivable on all unex pired marine risks 100 per cent 12691 08 1 Total unearned premiums as computed above carried out 1497439 09282 ComptrollerGenerals Report 19 All other demands against the company absolute and contingent due and to be come due admitted and contested viz Taxes Commissions 20 Total amount of all liabilities except capital stock scrip 20978 58 22318 77 and net surplus 21 Deposit capital 23 Surplus beyond capital and all other liabilities 207000 00 316577 87 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year Fire Marine Inland 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 176380 95 47010 56 3 Net collected 176380 95 47010 56 4 Gross premiums on risks written and renewed dur ing the year as shown in risk and premium ex hibit 2597818 33 419127 79 5 Total 2774199 28 466138 35 6 Deduct premiums and bills in course of collection at this date 149612 06 47487 63 7 Entire premiums collected during the year 2624587 22 418650 72 8 Deduct reinsurance and re turn premiums 777882 33 128257 33 9 Net cash actually received for premiums carried out 1846704 89 290393 39 2137098 28 11 Keceived for interests and dividends on stock and bonds collateral loans and from all other sources omitting in crease if any in value of securities 88 340 89 14 American branches of foreign companies will please re port amount of remittance from home office during the yar 39477 55 15 Aggregate amount of income actually received during the year in cash 2264916 72ComptrollerGenerals Report 283 VExpenditures During the Year Fire Marine Inland 1 Gross amount actually paid for losses including 41565155 losses occur ring in previous years 1472101 42 334254 28 2 Deduct all amounts actual ly received for salvages whether on losses of the last or of previous year 798342 and all amounts actually received for re insurance in other com panies 22136424 total deductions 206593 93 22753 73 Net amount paid during the year for losses 1265507 49 311500 55 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks 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 1577008 04 419870 47 123014 85 67942 80 195985 95 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year Fire marine and inland risks Fire Marine Inland written 3040735 00 699514 00 Premiums received gross 35223 43 197127 Losses paid 22902 37 74 06 Losses incurred 28067 37 74 06 2383822 11 Aggregate 3740249 00 37194 70 22976 43 28141 43 WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOK LYN NEW YORK Marshall S Driggs President Frederick H Way Secretary Principal Office 150 Broadway New York W R Hoyt Atlanta Attorney for Service in Georgia 1Capital 1 Whole amount of capital stock 250000 00 2 Amount paid up in cash 250000 00284 ComptrollerGenerals Report IIAssets 1 Market value of real estate owned by the company less the amount of incumbranees thereon 108929 76 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 584600 00 3 Interest due on all said bond and mortgage loans 28125 interest accrued thereon 206040 total 2341 65 4 Value of lands mortgaged exclusive of buildings and perishable improvements 717700 00 5 Value of buildings mortgaged insured for 34350000 as collateral 436750 00 6 Total value of said mortgaged premises carried inside 1154450 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1064125 00 11 Total amount loaned on stocks bonds and all other secur ities except mortgages 29500 00 12 Cash in companys principal office 4550 23 13 Cash belonging to the company deposited in banks viz First National Bank of Brooklyn 75203 Williamsburgh Trust Co 536240 Chatham National Bank 1211834 Mechanics Bank 5244648 Manufacturers National 4621710 total 116896 35 Total cash items 121446 58 15 Interest due and accrued on stocks not included in mar ket value uncollected 13541 44 16 Interest due and accrued on collateral loans and uncol lected 134 37 17 Cash in hands of agents and in course of transmission 221219 22 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 780 10 Total assets of the company actual cash market value 2146618 12 IIILiabilities 1 Losses due and unpaid 4775 73 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 80774 76 3 Losses resisted including interest costs and other expenses thereon 142746 50 4 Total gross amount of claims for losses 228296 99 5 Deduct reinsurance thereon 65009 10 0 Net amount of unpaid losses 163287 89ComptrollerGenerals Report 285 7 Gross premiums without any deduction received and receivable upon all uncx pired fire risks running one year or less from date of policy 93955989 un earned premiums fifty per cent 469779 95 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 144362455 unearned premiums pro rata 790498 30 11 Total unearned premiums as computed above carried out 1260278 25 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 10541 97 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance due 6823 83 20 Total amount of all liabilities except capital stock scrip and net surplus 1440931 94 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 455686 18 24 Aggregate amount of all liabilities including capital paid up and net surplus 2146618 12 IVIncome During the Year 7 Entire premiums collected during the year Cash 1834668 30 8 Deduet reinsurance and return premiums 358485 43 9 Net cash actually received for premiums carried out 1476182 87 10 Received for interest on bonds and mortgages 22412 92 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 56087 07 12 Income received from all other sources omitting increase if any in value of securities viz Rents 763541 profit on sale of bonds 1750 total 7652 91 15 Aggregate amount of income actually received during the year in cash 1562335 77 VExpenditures During the Year 1 Gross amount actually paid for losses in cluding 14430301 losses occurring in previous years 735052 23286 ComptrollerGenerals Report 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 664708 and all amounts actually received for reinsur ance in other companies 10612670 total deductions 112773 78 Net amount paid during the year for losses 622278 45 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 352879 08 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 111659 02 8 Paid for State National and local taxes in this and other States 19902 85 9 All other payments and expenditures 264866 69 Total 1421586 09 Aggregate amount of actual expenditures during the year in cash 1421586 09 Business in the State of Georgia During the Year Fire risks written Premiums received gross Losses paid Losses incurred 2512766 00 43180 18 15514 38 15559 84ComptrollerGenerals Report 287 AMERICAN NATIONAL INSURANCE COMPANY OF GALVESTON TEXAS W L Moody Jr President H Sheffield Jr Secretary J W Popham Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 152397 02 Extended at 152397 02 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 1 Cash received for renewal premiums without deductions for commissions or other expenses 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 116110 renewals 42168 total 400871 20 103301 68 1582 84 7 Total premium income 502 590 04 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 14 Cash received for profits on sales of bonds or stocks 15 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks 6964 98 19 From all other sources viz Sundries 504 97 Total income Total IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 41166 48 Total 41166 48 7 Total net amount actually paid for losses and matured endowments 7143 54 114 56 340 00 517658 09 670055 11 41166 48 288 ComptrollerGenerals Report 10 Cash dividends paid policy holders sick and accident claims Total paid policyholders3 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 12931204 renewals 2917107 total 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1327921 in spection of risks 423871 total 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 22 Cash paid for taxes on reserves and investments 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent including 255565 companys occu pancy 25 Cash paid for commission to department manager 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 279533 printing 609058 28 Cash paid for sundries 29 Cash paid for the following items viz Legal expenses Traveling expense 30 Total disbursements 65134 66 106301 14 158483 11 40628 32 17517 92 30624 43 2330 38 933 00 2555 65 19857 00 4121 12 11175 09 3726 69 931 30 8355 73 407540 ss IVAssets as per Ledger Accounts 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force of which 85491 was received during the year 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase S ash deposited in banks 10 Agents ledger balance 13 Total net or ledger assets less depreciation 262514 23 Other Assets 15 Interest due and accrued on bonds and stocks 783 33 16 Interest due and accrued on collateral loans 1761 31 17 Interest due and accrued on premiums notes loans or liens 10 00 40736 00 270 00 8243 51 168938 66 28671 29 15654 77 Total carried out 2554 64ComptrollerGenerals Report 289 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 24 Gross deferred premiums on policies in force De cember 31 1907 54135 05 t 9322 96 2017 95 4521 18 Totals 25 Deducting loading 25 per cent on new 56153 00 13844 14 14038 25 3461 03 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes Accident deferred premiums 4211475 10383 11 28 Total assets as per books of the company Items Not Admitted 2 Furniture fixtures and safes 4121 12 5 Agents balances 15654 77 7 Loading on premium notes 45 00 Total Net reinsurance reserve 6 Claims for death losses and other policy claims resisted by the company 10000 00 Total policy claims 16 Amount of any other liability of the company viz All other items 19 Total liabilities 19cg 52497 86 4121 12 5546 21 327234 06 24275 89 9 Total assets less items not admitted 302958 17 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to the Actuaries table of mortality with four per cent interest 117000 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 952 08 116047 92 10000 00 13485 05 17 Liabilities on policyholders account 139532 97 18 Gross surplus on policyholders account 163425 20 302958 17290 ComptrollerGenerals Report Business in Georgia During 1907 No Amount Number and amount of policies onthe lives of citizens of Georgia issued during the year 36 90500 00 Total 36 90500 00 Total number and amount of policies in force in Georgia December 31 1907 36 90500 00 Amount of premiums collected or secured during the year in cash notes or credits without any deduction for losses divi dends commissions or other expenses total 3249 63 AMERICAN NATIONAL LIFE INSURANCE COMPANY OF LYNCHBURG VA W A Taylor President W M Jordan Secretary Principal Office Lynchburg Virginia Dorsey E Moorefield and G W Bishop Atlanta Attorneys for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 125000 00 Amount of net or ledger assets Decem ber 31 of previous year 53773 00 Increase of capital during 1907 89120 00 Extended at 12893 00 IIIncome During the Year 1907 1 Cash received tor premiums on new poli cies without deductions for commissions or other expenses 58209 09 1 Cash received for renewal premiums without deductions for commissions or other expenses 5239 00 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 14310 re newals 9355 total 236 65 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stocks 63211 44 3379 00 1719 60ComptrollerGeneral s Eeport 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 18 Accident department 19 From all other sources viz Premium on capital stock Total income IIIDisbursements for the Year 1907 1 Cash paid for death claims including revisionary addi tions 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 3906898 renewals 14327 total 18 Cash paid for salaries and allowances to managers and agents Agency inspection etc 19 Casu paid for medical examiners fees 455800 inspec tion of risks 7150 total 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 21 Cash paid for taxes on new premiums and renewals 24 Cash paid for rent including companys occupancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 125726 printing 161881 telegraph telephone and express 96625 total 28 Cash paid for legal expenses 29 Cash paid for the following items viz Printing and stationeryaccident department 27201 commissions accident department 15411 total Total miscellaneous expenses 30 Total disbursements i IVAssets as per Ledger Accounts 2 Loans on mortgage first liens on real estatei 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 5 Premium notes loans or liens on policies in force of which 1181967 was received during the year 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances of which 149412 was advanced during the year 13 Total net or ledger assets less depreciation 291 67 62 2483 43 440 25 34505 50 105806 84 500 00 39212 25 4030 31 2863 40 4629 50 11009 28 2025 29 1234 72 1936 33 3842 32 1028 21 426 11 231 11 72968 83 93850 00 33438 14 13118 24 15832 88 66407 00 1494 12 224140 38 292 ComptrollerGenerals Report Other Assets 14 Interest accrued on mortgages 1316 65 15 Interest accrued on bonds and stocks 77 66 17 Interest accrued on premiums notes loans or liens 75 40 18 Interest due 45000 and accrued 72780 on other assets total 1177 80 Total carried out New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 17113 72 715 46 24 Gross deferred premiums on policies in force De December 31 1907 767 60 126 38 Totals 17881 32 25 Deducting loading 715 per cent on new and 167 per cent on renewals 13326 68 26 Net amount of uncolleeted and deferred premiums 27 Furniture fixtures and safes 4554 64 28 Total assets as per the book of the company Items Not Admitted 2 Furniture fixtures and safes 5 Agents balances 7 Bills receivable 8 Supplies printed matter and stationery premium notes in excess of value of policies 841 84 174 75 667 09 3289 25 1494 12 66407 00 30 25 Total 71220 62 9 Total assets less items not admitted VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to American Experience with 3 per cent interest participating 1524900 4 per cent interest nonparticipating 1498 total 16747 00 647 51 5221 73 3289 25 235298 87 164078 25ComptrollerGenerals Report 293 Deduct net value of risks of this com pany reinsured in other solvent com panies 295 00 Net reinsurance reserve 16452 00 12 Amount of National State or other taxes due 486 52 13 Amount due on account of salaries rents and office ex penses 67200 medical fees 149500 total 2167 00 17 Liabilities on policyholders account 19105 52 18 Gross surplus on policyholders account 144972 73 19 Total liabilities No 164078 25 Amount Business in Georgia During 1907 Number and amount of policies on the lives of citizens of Georgia during the year 137 316000 00 Total 137 316000 00 Deduct number and amount which have ceased to be in force during the year 15 35000 00 Total number and amount of policies in force in Georgia December 31 1907 122 281000 00 TNA LIFE INSURANCE COMPANY OF HAETFORD CONNECTICUT M G Bulkeley President C E Gilbert Secretary Home Office 650 Main Street Hartford Connecticut ICapital 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 79936457 76 4 Extended at 79936457 76 IIIncome 5 First years premiums on original poli cies without deduction for commissions or other expenses less 109030 for first years reinsurance 846251 88 6 Surrender values applied to pay first years premiums 8953 21 7 Total first years premiums on original policies 855205 09 294 ComptrollerGenerals Beport 8 Dividends applied to purchase paidup ad ditions and annuitiesi 12394 69 9 Surrender values applied to purchase paid up insurance and annuities 220439 41 10 Consideration for original annuities in volving life contingencies 58744 31 11 Consideration for supplementary contracts involving life contingencies 8675 00 12 Total new premiums 1155458 50 13 Renewal premiums in addition to items 14 15 and 16 without deduction for Commissions or other expenses less 4 14016 for reinsurance on renewals 8629954 44 14 Dividends applied to pay renewal prem iums 470275 35 15 Surrender values applied to pay renewal premiums 582 58 17 Total renewal premiums 9100812 37 18 Total premium income 10256270 87 19 Consideration for supplementary contracts not involving life contingencies 111290 00 22 Gross interest on mortgage loans 1599015 40 23 Gross interest on collateral loans 48662 30 24 Gross interest on bonds and dividends on stocks 1251550 09 25 Gross interest on premium notes policy loans or liens 378934 93 26 Gross interest on deposits in trust com panies and banks 75292 77 27 Gross interest on other debts due the com pany 220 00 28 Gross discount on claims paid in advance 2756 80 29 Gross rent from companys property in eluding 2300000 for companys occu pancy of its own buildings 35485 50 30 Total gross interest and rents 3 391 917 79 31 Gross profit on sale or maturity of ledger assets viz Real estate 1190000 bonds 2639375 38293 75 32 Gross increase in book value of ledger assets viz Bonds 144000 00 35 Premium income accident health and liability business 4820997 03 39 Total income 18762769 44 IIIDisbursements 1 For death claims 3510372 44 2 For matured endowments 2129394 009 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 33 ComptrollerGenebals Repobt 295 Net amount paid for losses and matured endowments 563976644 Forannuities involving life contingencies 11241 59 Surrender values paid in cash 692431 26 Surrender values applied to pay new premiums 895321 to pay renewal premiums 58258 9535 79 Surrender values applied to purchase paidup insurance and annuities 220439 41 Dividends paid to policyholders in cash 435693 61 Dividends applied to pay renewal premiums 470275 35 Dividends applied to purchase paidup additions and an nuities 12394 69 Total paid policyholders749177814 Expense of investigation and settlement of policy claims including 225957 for legal expense 2259 57 Paid for claims on supplementary contracts not involving life contingencies 20042 80 Paid stockholders for interest or dividends 200000 00 Commissions to agents less commissions on reinsurance first years premiums 32876781 renewal premiums 50140206 annuities original 288174 833051 61 Commuted renewal commissions 14780 21 Salaries and allowances for agencies including managers agents and clerks 67022 22 Agency supervision traveling and all other agency ex penses 35345 14 Medical examiners fees 6784200 inspection of risks 2087653 88718 53 Salaries and all other compensation of officers directors trustees and home office employees 257908 03 Rent including 2300000 for companys ocupancy of its own buildings 65822 79 Advertising 1352430 printing and stationery 54764 47 postage telegraph telephone and express 5164181 119930 58 Legal expense 8176 45 Furniture fixtures and safes 8214 28 Insurance taxes licenses and department fees 380978 30 Taxes on real estate 12116 76 Repairs and expenses other than taxes on real estate 17903 55 Gross loss on sale or maturity of ledger assets viz Bonds 9283 33 Gross decrease in book value of ledger assets viz Stocks 49950 00 All other disbursements Exchange 207393 supplies and incidentals 368045 5754 38 Profit and loss agents balances net 9 78 35 Total disbursementslife business 9689046 45296 ComptrollerGenerals Report 37 Total disbursementsaccident health and liability busi ness 4527722 91 40 Total disbursements 14216769 36 IVLedger Assets 1 Book value of real estate unincumbered 616795 01 2 Mortgage loans on real estate first liens 41239753 50 3 Loans secured by pledge of bonds stocks or other collat eral 1363499 81 4 Loans made to policyholders on this companys policies assigned as collateral 6076735 00 5 Premium notes on policies in force of which 429224 is for first years premiums 259709 17 6 Book value of bonds excluding interest 2449551943 and stocks 506135395 29556873 38 7 Cash in companys office 665468 78 8 Deposited in trust companies and banks not on interest 1460229 25 9 Deposited in trust companies and banks on interest 3129711 84 10 Bills receivable 6521955 agents balances 4846255 113682 10 12 Total ledger assets 84482457 84 NonLedger Assets 13 Interest due 12181222 and accrued 78697173 on Mortgages 908783 95 14 Tnterest due 204000 and accrued 15395728 on bonds 155997 28 15 Interest due 1347173 and accrued 516722 on collat eral loans 18638 95 16 Interest due on premium notes policy loans or liens 255169 98 17 Interest accrued on other assets 1062 01 18 Rents accrued on companys property or lease 1725 00 19 Total interest and rents due and accrued New Business 1341377 17 23 Gross premiums due and unreported on policies in force December 31 1907 24 Gross deferred premiums on policies in force De cember 31 1907 Renewals 7665 23 652985 79 50017 52 388586 28 25 Totals 57682 75 1041572 07 26 Deduct loading 11536 55 208314 41 27 Net amount of uncollected and deferred premiums 46146 20 833257 66 879403 85 33 Gross assets 86703238 87ComptrollerGenerals Report 297 Deduct Assets Not Admitted 36 Agents debit balances 48462 55 38 Bills receivable 65219 55 39 Premium notes and loans on policies and net premiums in excess of the net value of their policies 1036 28 40 Book value of ledger assets over market value viz Bonds and stocks 183047 60 43 Total 297765 93 44 Total admitted assets 86405472 89 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as computed by the Company on the following tables of mortality and rates of interest viz 2 American Experience table at 3y2 per cent on 10 year Renewable Term and part of nonparticipating 1907 issues 433825 00 3 American Experience table at 3 per cent on part of par ticipating 1907 issues 142624 00 4 Other tables and rates viz 30 American offices 34 per cent on all nonparticipating policies except those stated in No 2 and on all participating policies except those stated in No 3 74181077 00 5 Net present value of annuities including those in reduction of premiums Give tables and rates of interest viz On McClintock annuitants at Sy2 per cent original annuities 133205 00 Supplementary contracts involving life contingencies 32007 00 Total 74922738 09 6 Deduct net value of risks of this company reinsured in other solvent companies 43345 00 8 Net reserve 74879393 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 232002 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 13732 00 12 Claims for death losses in process of ad justment or adjusted and not due 127361 00298 ComptrollerGenerals Report 13 Claims for death losses which have been reported and no proofs received 54858 00 14 Claims for matured endowments due and unpaid 51599 00 15 Claims for death losses and other policy claims resisted by the company 38225 19 17 Total policy claims 19 Premiums paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 21 Commissions due to agents on premium notes when paid 39060 other contingent commissions 171170 22 Commissions to agents due and accrued 25 Medical examiners and legal fees due or accrued 26 State county or municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1908 33 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies 35 Special reserve under renewable term contracts 36 Dividends left with the company by the insured payable on demand 41 Total liabilities accident health and liability business 43 Capital stock 44 Unassigned funds surplus 45 Total liabilities 272043 19 36650 68 163225 32 2102 30 23116 17 1217 00 80655 24 78297 39 154730 44 408575 43 884633 00 314243 10 3273848 25 2000000 00 3587008 38 Business in Georgia During 1907 No Policies on the lives of citizens of said State in force December 31 1906 3310 Policies on the lives of citizens of said State issued increased and revived during 1907 531 86405472 89 Amount 5863531 00 1141542 00 Total 3841 7005073 00 Deduct ceased to be in force and decreased during the year 474 750139 00 Policies in force December 31 1907 3367 6254934 00 Losses and claims unpaid December 31 1906 4 36 371 00 Losses and claims incurred during the year 52 H2 202 00 Total 56 148573 00 Losses and claims settled during the year in cash 54 42 373 00ComptrollerGeneral s Eeport 299 Loses and claims unpaid December 31 1907 2 6200 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 186195 54 COLUMBIAN NATIONAL LIFE INSURANCE CO OF BOSTON MASS Arthur E Childs President William H Brown Secretary Principal Office 176180 Federal St Boston Mass Alfred C Newell Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets December ber 31 of previous year 3513175 65 Extended at 3513175 65 IIIncome During the Year 1907 1 Cash received for prem iums on new policies with out deductions for com missions or other ex penses 98187 08 Industrial premiums 66277 67 1 Cash received for re newal premiums without deductions for commis sions or other expenses 981775 26 2 Premium notes loans or liens taken in part pay ment for premiums on new policies 24422 94 2 Premium notes loans or liens taken in part pay ment for renewal prem iums 120373 28 3 From dividends applied to pay running premiums 37907 48 3 From dividends applied to purchase paidup addi tions and annuities 23 08 4 From surrender values ap plied to pay running premiums 1461 91oo ComptrollerGenerals Report 4 From surrender values applied to purchase paid up insurance and annui ties 11766 82 5 Consideration for annuities other than matured in stallment policies 632 41 Total 1342827 93 6 Deduct amount of renewals 9462 36 7 Total premium income 1333365 57 8 Cash received for interest on mortgage loans 38698 40 9 Cash received for interest on bonds owned and dividends on Stock 78277 42 10 Cash received for interest on premium notes loans or liens 11698 92 11 Cash received for interest on other debts due the company 19689 57 12 Cash received as discount on claims paid in advance 34 56 13 Consideration for supplementary contracts not involving life contingencies 20462 65 14 Cash received for profits on sales of bonds or stocks 31250 all other 859979 8912 29 17 Premium notes loans or liens restored by revival of policies 275 43 19 From all other sources viz American In vestment Securities Co 72714 45 Agency deficiency charged off in 1906 made good in 1907 323 70 Total income 1584452 96 Total 5097628 61 IIIDisbursements For the Year 1907 1 ash paid for death claims including revisionary ad ditions 168517 46 2 Premium notes loans or liens used in payment of the same 84 56 7 Total net amount actually paid for losses 168602 02 8 Cash paid to annuitants 514 00ComptrollerGenerals Report 301 9 Premium notes loans or liens used in pur chase of surrendered policies 56609 voided by lapse 1668584 9 Premium notes loans or liens used in payment of dividends to policyholders 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paid up additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums 15 Surrender values applied to purchase paid up insurance and annuities Total paid policyholders 30129634 16 Cash paid stockholders for interest on div idends 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance new policies 43260 94 renewals 8 39276 and on industrial business 7 99255 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1093203 inspection of risks and claims 636458 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 21 Cash paid for taxes on new premiums and renewals 24 Cash paid for rent less 178819 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 696282 sta tionery and printing 1074726 postage telegraph telephone and express 15 76421 28 Cash paid for taxes on furniture etc 21134 for legal expenses 942154 29 Cash paid for the following items viz Premiums charged off bonds 30 Advance deposits returned to rejected ap plicants 17251 93 1783 20 8323 65 37907 48 23 18 53661 59 1461 91 11766 82 70000 00 59646 25 120259 48 17296 61 117178 30 39692 37 50174 70 23465 82 1593 35 33474 29 9632 88 3323 15 4126 10302 ComptrollerGenerals Report 31 Agents debit balances of 1906 charged off 9204700 agents debit balances of 1907 charged off 3388188 traveling ex penses 1375034 miscellaneous 11 40843 151087 65 Total miscellaneous expenses 700 95095 Total disbursements 1002247 29 Balance 4095381 32 IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 1178250 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 24225 00 4 Loans made in cash to polieyholders on this companys policies assigned as col lateral 190868 62 5 Premium notes loans or liens on policies in force of which 7215707 was received during the year 72157 07 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 1967563 33 7 Cash in companys office 247 15 8 Cash deposited in banks 623281 38 10 Agents ledger balances net of which 3746270 was advanced during the year 37462 70 Suspense account 1326 07 11 Total net or ledger assets as per balance above 4095381 32 12 Deduct depreciation from cost of assets to bring same to market value 143636 33 13 Total net ledger assets less depreciation 3951744 99 Other Assets 14 Interest due 5232 and accrued 11 59218 on mortgages 11644 50 15 Interest accrued 1374755 on bonds and stocks 13747 55 16 Interest accrued 57500 on collateral loans 575 00 17 Interest accrued 131018 on premiums notes loans or liens 1310 18ComptrollerGeneral s Report 303 18 Interest due 37905 and accrued 12 on other assets and deposits in banks 781 17 Total carried out 28058 40 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 10618 69 121286 48 24 Gross deferred premiums on policies in force De cember 31 1907 15828 45 66034 39 Totals 25 Deducting loading 21 per cent on ordinary 26447 14 187320 87 5553 90 39337 38 26 Net amount of uncollected and deferred premiums 20893 24 147983 49 Industrial Gross premiums due and unreported on policies in force December 31 1907 and deferred premiums 570 25 25 Deduct loading 55 per cent on industrial 313 63 26 Net amount of uncollected and deferred premiums 256 62 Extended at 169133 35 28 Total assets as per the books of the company 4148936 74 Items Not Admitted 3 Loading on premium notes disallowed 4 Cash advanced to or in the hands of offi cers or agents 5 Agents Dr balances 6 Premium notes and loans on pols and net prems in excess of net value of their pols 7 Deposits in banks in hands of receivers 8 Suspense account 15152 98 860 16 39307 65 71 99 1162 66 1326 07 Total 57881 51 9 Total assets less items not admitted 4091055 23304 ComptrollerGenerals Report VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The American Table of Mortality with 3 per cent interest 2501888 00 Net reinsurance reserve 2501888 00 3 Claims for death losses due and unpaid 511 40 5 Claims for death losses in process of ad justment or adjusted and not due 40097 00 6 Claims for death losses and other policy claims resisted by the company 9478 88 8 Present value of unpaid amounts on ma tured installment policies 20462 65 9 Policies cancelled on which a surrender value may be demanded 5599 57 Total policy claims and liabilities 10 Amount of all unpaid dividends of surplus or other des cription of profits due polieyholders 32 Amount of National State or other taxes accrued 13 Amount due on account of salaries rents and office ex penses etc 16 Amount of any other liability of the Company viz Premiums paid in advance 98706 interest paid in advance 607358 Advance deposits for premiums on applications not yet approved 76149 50 6066 58 9066 61 8474 61 7060 64 578 73 17 Liabilities on policy holders account 2609284 67 18 Gross surplus on policyholderg account 1481770 56 19 Total liabilities 4091055 23 Business in the State of Georgia During the year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 229 682272 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 126 232000 00 Total 355 Deduct number and amount which have ceased to be in force during the year 84 914272 00 224022 00 Total number and amount which have ceased to be in force in GeorgiaDecember 31 1907 271 690250 00ComptrollerGenerals Report 305 Amount of Losses and Claims on Policies in Georgia unpaid December 31 of previous year 1 5000 00 Amount of Losses and Claims on Policies in Georgia incurred during the year 1 2500 00 Total 2 7500 00 Amount of Losses and Claims on Policies in Georgia paid during the year 2 7500 00 Amount of premiums collected or secured in Georgia during the year in cash 1629488 in notes or credit 187222 total 18167 10 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD CONNECTICUT John M Taylor President William H Deming Secretary Principal Office 36 Pearl Street Hartford Connecticut Frank G Lumpkin Columbus Attorney for Service in Georgia ICapital Stock Amount of net or ledger assets Decem ber 31 of previous year 6462583136 Extended at 64625831 30 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 399487 28 1 Cash received for renewal premiums without deductions for commissions or other expenses 4204213 82 3 From dividends applied to pay running premiums 907699 92 4 From surrender values applied to pay running premiums 5138 16 4 From surrender values applied to pur chase paidup insurance and annuities 52022 53 5 Consideration for annuities other than matured installment policies 20360 35 Total 5588922 06 7 Total premium income 5588922 06 8 Cash received for interest on mortgage loans 1218622 03 9 Cash received for interest on bonds owned and dividends on stock 1189614 52 20cg 306 ComptrollerGenerals Report 10 Cash received for interest on premium notes loans or liens 137847 68 11 Cash received for interest on other debts due the com pany Collateral loans 2931127 deposits 1802812 total 47339 39 12 Cash received as discount on claims paid in advance 3671 22 13 Cash received for rents for use of companys property including 35000 for companys own occupancy 489229 91 14 Cash received for profits on sales of bonds or stocks 119363 real estate 12018016 total 121373 79 17 Premium notes loans or liens restored by revival of policies 372 00 Total income 8796992 60 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 4381511 93 2 Premium notes loans or liens used in payment of the same 14279 58 3 Cash paid for matured endowments and additions thereto 286764 32 Total 4682555 83 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur render policies 349733 voided by lapse 900 total 9 Premium notes loans or liens used in payment of divi dends to policyholders 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums see item 3 income 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 6580740 91 Cash paid for coimnissions and bonuses to agents less commission on reinsurance new policies 14280542 17 renewals 30567945 annuities 19627 total 18 Cash paid for salaries and allowances to managers and agents 18 Cash paid for agency supervision traveling and all other agency expenses 19 Cash paid for medical examiners fees 2575930 in spection of risks 43689 total 4682555 83 18100 86 3506 33 18363 73 270123 41 907699 92 623230 14 5138 10 52022 53 448681 14 30290 69 39645 26196 19ComptrollerGeneral s Report 307 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Gash paid for taxes on new premiums renewals reserves investments insurance department fees and agents licenses and municipal licenses 23 Cash paid for taxes on real estate 24 Cash paid for rent including 35000 for companys oc cupancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 803284 printing 2772920 28 Cash paid for real estate expenses other than taxes 23411220 for legal expenses 922330 total 29 Cash paid for the following items viz Postage 18 43068 traveling 938454 telegraph 329689 ex press 195181 miscellaneous 785978 profit and loss 8350584 total Total miscellaneous expenses 1523143 34 174557 79 217500 83 139627 30 41314 94 1802 09 35762 04 243335 50 124429 54 30 Total disbursements 8103884 25 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 8589168 12 2 Loans on mortgage first liens on real estate 24541933 98 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 25000 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2491335 00 5 Premium notes loans or liens or policies in force received during the year 374343 68 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 28377882 48 8 Cash deposited in banks 438644 12 9 Bills receivable 2303 14 10 Agents ledger balances 618 27 10 Real estate sold under land contract balance purchase price 476710 92 11 Total net or ledger assets as per balance above 65318939 71 12 Deduct depreciation from cost of assets to bring same to market value 1753719 78 13 Total net or ledger assets less depreciation 63565219 93 Other Assets 14 Interest due 2631638 and accrued 55490993 on mortgages 581226 31 15 Interest accrued on bonds and stocks 262176 84 16 Interest accrued on collateral loans 364 59308 ComptrollerGenerals Report 17 Interest due 13422682 and accrued 1148792 on pre miums notes loans or liens 145714 74 18 Interest accrued on other assets declared dividends 4520 50 19 Rents due 465236 and accrued 1043504 on com pany s property or lease 15087 40 Total carried out 1009090 38 New Business Renewals 23 Gross premiums due and unreported on policies in fore December 31 1907 3934 37 116211 35 24 Gross deferred premiums on policies in force De cember 31 1907 35198 42 387556 11 Totals 39132 79 503767 46 25 Deducting loading 20 per cent on new and 20 per cent on renewals 7826 56 100753 49 26 Net amount of uncollected and deferred premiums 31306 23 403013 97 434320 20 28 Total assets as per the books of the company 65008630 51 Items Not Admitted 5 Agents balances 1618 27 7 Bills receivable 2303 14 8V Premium notes and loans on policies and net premiums in excess of net values of their policies 1438 00 Total 5359 41 9 Total assets less items not admitted 65003271 10 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to the actuaries table of mortality with four per cent interest and companys standard 60180198 00 Net reinsurance reserve 60180198 00 3 Claims for death losses due and unpaid 66489 97 4 Claims for matured endowments due and unpaid 5695 00ComptrollerGenerals Report 309 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 153867 00 6 Claims for death losses and other policy claims resisted by the company 5000 00 7 Amounts due and unpaid on annuity claims 454 24 9V2 Claims for death losses which have been reported and no proofs received 150474 00 Total policy claims 381980 21 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 1548620 39 16 Amount of any other liability of the company viz Premiums paid in advance 3292587 unearned inter est 7824338 real estate contingent depreciation ac count 30000000 liability on policies canceled upon which surplus value may be demanded 15464600 565815 25 17 Liabilities on policyholders account 62676613 85 18 Gross surplus on policyholder a account 2326657 25 19 Total liabilities 65003271 10 Business in the State of Georgia during the Year 1908 No Amount Number and amount of policies on the lives of citizens of Georgia in force Dec 31 of previous year 526 1370291 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 74 151326 00 Total 600 1521617 00 Deduct number and amount which have ceased to be in force during the year 44 88315 00 Total number and amount of policies in force in Geor gia December 31 1908 556 1433302 00 Amount of losses and claims on policies in Georgia incurred during the year 14 25880 00 Total 14 25880 00 Amount of losses and claims on policies in Georgia paid during the year 10 20245 00 Amount of premiums collected or secured in Georgia during the year in cash 4726220 310 ComptrollerGenerals Beport des moine8 life insurance company of des moines iowa C E Rawson President Wilmot A Harbaeh Secretary Principal Office Seventh and Grand Des Moines Iowa Win A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 1748082 65 Capital subscribed and paid during 1907 100000 00 Extended at 1848082 65 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deduction for commissions or other expenses 189228 73 1 Cash received for renewal premiums without deductions for commissions or other expenses 595428 08 3 From dividends applied to pay running premiums 27826 00 7 Total premium income 812482 81 8 Cash received for interest on mortgage loans 49722 76 10 Cash received for interest on premium notes policy loans or liens 32733 91 11 Cash received for interest on other debts due the com pany 293 19 13 Cash received for rents for use of companys property including 230000 for companys own occupancy 8252 61 Total income 903485 28 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visiosary additions 238116 66 7 Total net amount actually paid for losses and matured endowments 8 Applied premiums 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 13 Surrender values paid in cash Supplementary contracts 16 Expenses of investigating policy claims 238116 66 2756 19 4883 17 27826 00 68226 61 180 46 736 89ComptrollebGeneeals Eepoet 311 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 14193091 renewals 2581711 18 Cash paid for salaries and allowances to managers and agents and clerks Agency supervision and traveling expenses 19 Cash paid for medical examiners fees 1540850 in spection of risks 221536 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on real estate 22 Cash paid for taxes on reserves 23 Cash paid for insurance department fees and agents licenses 1660313 municipal licenses 1660 24 Cash paid for rent including 230000 for companys oc cupancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 335868 printing 661176 telephone express and postage 597146 28 Cash paid for real estate expenses other than taxes 513981 for legal expenses 11750 29 Cash paid for the following items viz Loan expenses 215500 collection and exchange 49559 janitor and light 18472 miscellaneous 154060 Total miscellaneous expenses 4175 91 30 Total disbursements IVAssets as Per Ledger Accounts 167748 02 26629 40 10642 72 17623 86 45646 58 368 39 3581 12 16619 73 3080 00 1756 86 15941 90 5257 31 4175 91 661797 78 1 Book value of real estate exclusive of all incumbrances 186638 03 2 Loans on mortgage first liens on real estate 1173193 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 671229 69 5 Premium notes loans or liens on policies in force of which 16019 is one years premiums 15133 26 7 Cash in companys office 6089 02 8 Cash deposited in banks 27105 72 10 Agents ledger balances 9041 30 Tax certificates 240 13 13 Total net or ledger assets less depreciation 2089570 15 Other Assets 14 Interest due 375929 and accrued 1915031 on mortgages 22909 60 17 Interest accrued on premiums notes loans or liens 12647 98 18 Interest accrued on other assets 12 20 Total carried out 35569 78312 ComptrollerGenerals Report New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 22242 00 32729 00 24 Gross deferred premiums on policies in force De cember 31 1907 50100 104870 00 Totals 22743 00 137599 00 25 Deducting loading 80 per cent on new and 18 per cent on renewals 18195 00 24768 00 26 Net amount of uneollected and deferred premiums 4548 00 112831 00 117379 00 27 Furniture fixtures and safes 7000 00 Items Not Admitted 2 Furniture fixtures and safes 7000 00 5 Agents balances 3148 10 6 Loans on personal security endorsed or not premium notes 7947 00 Total 18095 10 9 Total assets less items not admitted 2231423 83 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to the actuaries table of mortality with four per cent interest 1800646 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 147 00 Net reinsurance reserve 1800499 00 Special guarantee fund 1075 00 1075 00 Supplementary contracts 8554 10 8554 10 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 14456 48 6 Claims for death losses and other policy claims resisted by the company 16000 00 Total policy claims 30456 48 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 263127 25CoMPTROLLEBGrENEBALs REPORT 313 11 Premiums paid in advance 24412 00 13 Amount due on medical examiners fees 3300 00 16 Amount of any other liability of the company viz Premiums paid in advance 2131423 83 Capital stock 100000 00 17 Liability of policyholders account 2131423 83 Capital stock 100000 00 19 Total liabilities 2231423 83 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 3 3000 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 75 123952 00 Total 78 126952 00 Deduct number and amount which have ceased to be in force during the year 1 1000 00 Total number and amount of policies in force in Geor gia December 31 1907 77 125952 00 Amount of premiums collected in Georgia during the year in cash 169613 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Paul Morton President Wm Alexander Secretary Frank W Burr Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem bem 31 of previous year431105051 09 Extended at 431105051 09 IIIncome During the Year 1907 1 Cash received for premiums 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 2362496 03 1 Cash received for renewal premiums314 ComptrollerGenerals Report without deductions foT commissions or other expenses 48323711 56 2 Consideration for supplementary contracts insurance life contingencies 144943 54 2 Renewal premiums for deferred annuities 10416 69 3 From dividends applied to pay running premiums 555987 48 3 From dividends applied to purchase paidup additions and annuities 810580 91 4 From surrender values applied to pay running premiums 14686 80 4 From surrender values applied to pur chase paidup insurance and annuities 1948378 65 5 Consideration for annuities other than matured installment policies 459371 23 Total 54630572 89 6 Deduct amount of xiremiums paid to other companies for reinsurance on policies in this company new business 6261241 renewals 13671234 199324 75 7 8 9 10 11 12 13 14 15 16 17 18 19 Total premium income Cash received for interest on mortgage loans Cash received for interest on bonds owned and dividends on stock 10237965 32 Cash received for interest on premium notes loans or liens 2476207 99 Cash received for interest on other debts due the com pany 373263 97 Cash received as discount on claims paid in advance 10596 17 Cash received for rents for use of companys property in cluding 39716106 companys own occupancy 1724409 82 Cash received for profits on sales of bonds or stocks 64169300 real estate 278000 all other 1961618 664089 18 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks 3600 00 Foreign exchange 26307 34 Consideration for supplementary contracts not involving life contingencies 102580 00 Gross increase in book value of ledger assets 213192 09 From all other sources viz Interest on collateral loans and deposits in banks 760001 23 Total income 75160490 61ComptrollerGenebals Eepobt 315 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 18992079 87 3 Cash paid for matured endowments and additions thereto 4704719 39 Total 23696799 26 6 Deduct amount received from other com panies for losses or claims on policies of this company 600 07 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to running premiums 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 45161363 96 16 Cash paid stockholders for interest on dividends Gross loss on sale of maturity of ledger assets viz Eeal estate 4699153 bonds 3803400 stocks 104 11600 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 105440440 renewals 339675972 first year annuities 1541102 renewal annuities 35049 28 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 12859405 in spection of risks 9975384 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Gross decrease in book value of ledger assets viz Bonds 30260700 stocks 19123500 other assets 17403204 22 Taxes on real estate 23 Cash paid for insurance taxes department fees and agents licenses 24 Cash paid for rent including 35618112 companys oc cupancy less 1620743 received under sublease 25 Expense of investigation and settlement of policy claims including 2235926 for legal expenses 23696199 19 1142229 84 6142207 75 555987 48 810580 91 10850456 99 15323 15 1948378 65 7000 00 189141 53 4466925 63 681795 58 228347 89 1405892 72 607874 04 325569 24 670859 09 369973 69 22578 56316 ComptrollerGenerals Report 26 Cash paid for furniture fixtures and safes for home and agency offices 32102 00 27 Cash paid for advertising 2888366 printing 126 44951 postage telegraph telephone and express 113 79170 209124 87 28 Cash paid for real estate expenses and repairs other than taxes 47659419 for legal expenses 10539975 581993 94 29 Paid for claims on supplementary contracts not involving life contingencies 144467 34 Agency supervision traveling and all other agency ex penses 588109 60 All other disbursements Traveling expenses 3671268 Conventions and meetings 1938696 exchange and col lection 442818 premium on fidelity bonds 630153 Legislative expenses 731329 Examinations and audits 3400461 safekeeping of securities 364240 Investigation of agents cashiers etc 268106 inves tors agency reports 537500 association of live insur ance presidents 875897 miscellaneous expenses 18 23607 election expenses 1194133 158782 08 30 Total disbursements 55971902 36 IVAssets as Per Ledger Accounts 1 Book value of real estate exclusive of all incumbrances 28285455 69 2 Loans on mortgage first liens on real estate 95008970 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 7612000 00 4 Loans made in cash to policyholders on this company s policies assigned as collateral 49615393 06 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase 253589660 00 7 Cash in companys offices 26718 86 8 ash deposited in banks and trust companies on interest 10104384 12 9 Cash deposited in banks and trust companies not on in terest 396584 43 10 Agents ledger and miscellaneous balances 4820964 80 Cash in transit 833508 38 13 Total net or ledger assets less depreciation450293039 34 Other Assets 1 1 Interest due 7080521 and accrued 44222556 on mortgages 5 3030 77 15 Interest accrued on bonds and stocks 2745382 46 16 Interest accrued on collateral loans 51716 62 18 Interest due 4929454 and accrued 804393 on other assets 57338 47ComptrollerGenerals Report 317 19 Rents due 15592821 and accrued 8443801 on com pany s property or lease 240366 22 Total carried out 3607834 54 20 Market value of real estate over cost 953500 00 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 20079 00 4559788 00 24 Gross deferred premiums fan policies in force De cember 31 1907 110308 00 2726139 00 Totals 25 Deducting loading 130387 00 7285927 00 126077 00 1457185 00 26 Net amount of uncollected and deferred premiums 104310 00 5828742 00 5933052 00 28 Total assets as per the books of the company460788025 items Not Admitted 5 Agents balances 5098631 48 7 Book value of ledger assets over market value viz Stocks and bonds 28417986 26 Total 33516617 74 9 Total assets less items not admitted42727140814 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to the actuaries table of mortality371567681 00 2 Present value of amounts not yet due on supplementary contracts not involving life contingencies 1731670 00 3 Claims for death losses due and unpaid 14808 72 4 Claims for matured endowments due and unpaid 5 Claims for death losses in process of ad justment 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 involving life contingencies 377213 24 293946 68 184147 00 50953 00 This items would be reduced to 713691750 and the Admitted Surplus correspondingly increased if the bonds were taken at their amortized value 318 ComptrollerGenerals Report 8 Claims for death losses which have been reported and no proofs received 1736913 86 Total policy claims 2657982 50 9 Liability on policies cancelled and not included in net reserve upon which a surrender value may be demanded 13821 05 10 Dividends or profits due policyholders including those contingencies upon the payment of outstanding and de ferred premiums 852196 20 11 Due and unpaid on supplementary contracts not involv ing life contingencies 2600 00 13 Amount due on account of salaries rents and office ex penses bills and accounts due or accrued 42712 17 14 Unearned interest and rent paid in advance 1399215 34 15 Commissions to agents due or accrued 84190 03 16 Premiums paid in advance including surrender values so applied 587898 00 Medical examiners and legal fees due and accrued 12572 22 Capital stock 100000 00 17 Liabilities on policyholder s account 379094617 91 18 Gross surplus on policyholders account 48176790 23 19 Total liabilities 427271408 14 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 6374 14313297 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 151 472633 00 Total 6525 14785930 00 Deduct number and amount which have ceased to be in force during the year 428 1018812 00 Total number and amount of policies in force in Geor gia December 31 19076097 13767118 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 1006 00 Amount of losses and claims on policies in Georgia incurred during the year 63 173718 00 Total 64 174724 00 Amount of losses and claims on policies in Georgia paid during the year 57 166128 00 Amount of premiums collected in State 41482066 outside of State 7238192 total 48620258COMPTKOLLEKGrENEKAL s REPORT 319 FIDELITY MUTUAL LIFE INSUEANOE COMPANY PHILADELPHIA PENNSYLVANIA L G Fouse President W S Campbell Secretary Principal Office 112116 N Broad St Philadelphia Pa T J Arline Savannah Attorney for Service in Georgia ICapital Stock Amount of net or ledger assets December 31 of previous year 12410637 55 Extended at 12410637 55 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 439186 05 1 Cash received for renewal premiums without deductions for commissions or other expenses 3424484 42 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 48946 32 2 Premium notes loans or liens taken in part payment for renewal premiums 325709 73 3 From dividends applied to pay running premiums 47494 66 3 From dividends applied to purchase paidup additions and annuities 4938 93 4 From surrender values applied to pay run ning premiums 1748 41 4 From surrender values applied to pur chase paidup insurance and annuities 45933 00 5 Consideration for annuities other than matured installment policies 18510 99 Total 4356952 51 6 Deduct amount of premiums paid to other Companies for reinsurance on policies in this company new business 101927 renewals 441814 5437 41 7 Total premium income 4351515 10 8 Cash received for interest on mortgage loans 66288 59 9 Cash received for interest on bonds owned and dividends on stock 253233 88 10 Cash received for interest on premium notes loans or liens 269847 44 11 Cash received for interest on other debts due the company 55706 24320 ComptrollerGenerals Beport 13 Cash received for rents for use of Companys property including 32500 for companys own occupancy 83034 94 14 Cash received for profits on sales of bonds and stocks 174300 real estate 170020 all other 271810 6261 30 19 From all other sources viz Policy exchange 8433800 policy fees 37450 84712 50 Total income 5170599 99 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 1261986 05 5 Cash paid for sums falling due during the year on installment policies 30490 32 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid policyholders 11 ash 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 166636296 17 Cash paid for commisions and bonuses to agents less commission on reinsurance new policies 25454263 renewals 17930829 annuities 90000 18 Cash paid for salaries and allowances to managers and agents Cash paid for agency supervision traveling and all other expenses 19 Cash paid for medical examiners fees 2220581 in spection of risks 2367931 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 ash paid for taxes on premiums 6408862 on fran chise 4000 22 Cash paid for taxes on real estate 1158239 on invest ments 1189682 23 Cash paid for insurance department fees and agents licenses 971891 municipal licenses 26853 24 Cash paid for rent including 32500 companys occu pancy 25 Cash paid for commuting commissions Cash paid for investigating policy claims 292476 37 2369 71 18343 07 47494 66 4938 93 253058 81 1748 41 45933 00 434750 92 119325 03 44683 34 45885 12 176891 82 64128 62 23479 21 9987 44 56670 15 1476 46 6664 25ComptrollerGenerals Report 321 26 Cash paid for furniture fixtures and safes for home and agency offices 692 90 27 Cash paid for advertising 1728298 printing and sta tionery 2913264 postage telephone and telegrams 2259060 69006 22 28 Cash paid for real estate expenses other than taxes 30 90525 for legal expenses 1233238 43237 63 29 Cash paid for following items viz Loss on sale of ledger assets 8867 36 Loss on decrease in book value of ledger assets 391468 Miscellaneous expenses 633560 10250 28 Total miscellaneous expenses 111599675 30 Total disbursements 2782359 71 IV Assets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 1313969 66 2 Loans on mortgage first liens on real estate 1916367 43 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 337913 75 4 Loans made in cash to policyholders on this companys policies assigned as collateral 4254676 34 5 Premium notes loans or liens on policies in force of which 4894632 was received during the year 374656 05 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 5832201 11 7 Cash in companys office 113 21 8 Cash deposited in banks 274319 57 9 Bills receivable 14541 70 10 Agents ledger balances 480119 01 11 Total net or ledger assets 12 Deduct depreciation from cost of assets stocks and bonds to bring same to market value 236266 11 13 Total net or ledger assets less depreciation 14562611 72 Other Assets 14 Interest due 574454 and accrued 31 44278 on mortgages 37187 32 15 Interest due 225000 and accrued 85 12361 on bonds and stocks 87373 61 16 Interest accrued 141038 on collateral loans 1410 38 17 Interest due 23736 and accrued 63 39822 on premiums notes loans or liens 63635 58 19 Rents due 22340 on companys property or lease 223 40 Total carried out 189830 29 21eg322 ComptrollerGenerals Report 20 Market value of real estate over cost New Business 23 Gross premiums due and unreported on policies in force December 31 1907 1437 60 24 Gross deferred premiums on policies in force De cember 31 1907 18448 61 37830 34 Renewals 162189 08 296089 02 Totals 25 Deducting loading 56 310 per cent on new and 19 410 per cent on re newals 26 Net amount of uncollected and deferred premiums Extended at 19886 21 458278 10 11195 94 88905 45 8690 27 369372 65 378062 92 28 Total assets 15168335 27 Items Not Admitted 5 Agents balances 7 Bills receivable 480119 01 14541 70 9 Total assets less items not admitted 14673674 56 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries and American Tables of Mortality with 3 3 and 4 per cent interest 13036722 00 Deduct net value of risks of this com pany reinsured in other solvent companies 2107 00 132001 80 Net reinsurance reserve 13034615 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on supplement ary contracts not involving life contin gencies 77080 66 42840 00 1100 00ComptrollerGeneral s Report 323 8 Present value of unpaid amounts on ma tured installment policies face 262 04244 218508 29 Total policy claims 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 11 Amount of unearned interest and rent paid in advance 12 Amount of National State orother taxes due 13 Amount due on account of salaries rents office expenses medical examiners etc 14 Amount liability on policies cancelled not included in net reserve on which a surrender value may be demanded 15 Amount set aside etc awaiting apportionment upon de ferred dividend policies Amount of any other liability of the company viz Premiums paid in advance Commissions due to agents on premium notes when paid 1063583 commissions due or accrued 648478 16 339528 95 74379 60 52646 50 43479 96 10850 47 9580 34 167612 41 7075 71 17120 61 17 Liabilities on policyholders account 13888891 35 18 Net surplus on policyholders account 784783 21 19 Total liabilities 14673674 56 21 Estimated surplus accrued on all policies 78478321 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citi zens of Georgia issued and paid for during the year 1397 2767364 00 329 665760 00 Total 1726 3433124 00 Deduct number and amount which have ceased to be in force during the year 245 439539 00 Total number and amount of policies in force in Georgia December 31 1907 1481 2993585 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 5000 00 Amount of losses and claims on policies in Georgia incurred during the year 15 31165 00 Total 17 36165 00 Amount of losses and claims on policies in Georgia paid during the year in cash 3141500 by com promise 75000 15 32165 00324 ComptrollerGenerals Report Amount of premiums collected or secured during the year without any deduction for losses dividends commissions or other expenses cash 8481742 notes or credits 11 01789 total 95835 31 FRANKLIN LIFE INSURANCE COMPANY SPRINGFIELD ILL Edgar S Scott President Henry Abels Secretary Principal Office Springfield Illinois W T Ledbetter Rome Attorney for Service in Georgia ICapital Stock Amount of net or ledger assets December 31 of previous year 3189427 36 Extended at 3189427 36 IIIncome During the Year 1907 1 Received for premiums on new policies without deductions for commissions or other expenses 1 Received for renewal premiums with out deductions for commissions or other expenses 3 From dividends applied to pay running premiums 3 From dividends applied to purchase paid up additions and annuities 4 From surrender values applied to pur chase paidup insurance and annuities 5 Consideration for annuities other than matured installment policies Total 117033 32 993360 41 4322 84 51 76 31894 41 1688 70 1148346 44 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 41126 renewals 248647 2897 73 7 Total premium income 1145448 71 8 Cash received for interest on mortgage loans 57652 39 9 Cash received for interest on bonds owned 23078 39 10 Received for interest on premium notes loans or liens 60994 04 11 Cash received for interest on other debts due the Company 11269 06 13 Cash received for rents for use of companys property including 4000 for companys own occupancy 11657 29ComptrollerGenerals Report 325 14 Cash received for profits on sales of bonds 1095 83 17 Premium notes loans or liens restored by revival of poli cies 1064 90 333545 30 100 00 16024 20 314 24 4322 84 51 7G 24736 22 Total income 1312260 61 IIIDisbursements For the Year 1907 1 Paid for death claims including revision ary additions 338545 30 Total 338545 30 6 Deduct amount received form other com panies for losses or claims on policies of this company reinsured 5000 00 7 Total net amount actually paid for losses 8 Cash paid to annuitants 9 Premium notes loans or liens voided by lapse 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 41098897 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 6701019 renewals 7247744 18 Cash paid for salaries and allowances to managers and agents including agency supervision etc 19 Cash paid for medical examiners fees 811500 inspec tion of risks 439003 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on new premiums renewals taxes on reserves investments insurance department fees and agents licenses municipal licenses 24 Cash paid for rent including 4000 companys occupancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 123285 printing 659698 postage telegraph etc 537289 28 Cash paid for real estate expenses other than taxes 6 92671 for legal expenses 293465 31894 41 139487 63 32033 68 12505 03 62334 63 23297 66 6177 10 457 93 13202 72 9861 36326 ComptrollerGenerals Report 29 Cash paid for the following items viz Death claim ex penses 89577 collection 338033 investment ex penses 121469 miscellaneous expenses 160051 Total miscellaneous expenses 30644904 7091 30 30 Total disbursements IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other market able collaterals 4 Loans made to policyholders on this companys policies 5 Premium notes loans or liens on policies in force 6 Cost value of bonds owned excluding accrued interest at time of purchase 8 Cash deposited in banks 10 Agents ledger balances 11 Total net or ledger assets as per balance above Other Assets ri7438 01 104000 00 1620082 00 63000 00 1379705 63 30623 08 466621 00 107568 59 12649 66 14 Interest accrued on mortgages 46208 82 15 Interest accrued on bonds 7088 35 16 Interest acrued on collateral loans 500 01 17 Interest accrued on premiums notes loans or liens 24894 28 18 Interest accrued on other assets 210 66 Total carried out 78902 12 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 12670 76 60047 46 24 Gross deferred premiums on policies in force De cember 31 1907 80122 04 Totals 12670 76 140169 50 25 Deducting loading actual on new and actual on renewals 7035 33 23245 98 26 Net amount of uncollected and deferred premiums 5635 43 116923 52 Extended at 122558 95 28 Total assets as per the books of the company 3995 063 82ComptrollerGenerals Beport 327 Items Not Admitted 5 Agents Balances 12649 66 7 Loans liens and net premiums in excess of reserve 19616 56 9 Total assets less items not admitted 3962797 60 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries Table of Mortality with four per cent interest 3284159 00 Deduct net value of risks of this company reinsured in other solvent companies 1392 00 Net reinsurance reserve 3282767 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 13301 20 6 Claims for death losses and other policy claims resisted by the company 2008 31 9 Amount trust funds held by the company 15931 18 Total policy claims 31240 69 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 1902 60 13 Amount due on account of salaries rents and office ex penses 16045 57 16 Amount of any other liability of the company viz Premiums paid in advance 7210 71 Fund held for special class of policies 11135821 funds for all other contingencies 51227282 23631 03 17 Liabilities on policyholders account 3339166 57 18 Gross surplus on policyholders account 443083 39 19 Total liabilities 3962797 60 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1664 2408031 57 Number and amount of policies on the lives of citi zens of Georgia issued during the year 163 366492 55 Total 1827 2774524 12328 ComptrollerGenerals Report Deduct number and amount which have ceased to be in force during the year 135 324843 47 Total number and amount of policies in force in Georgia December 31 1907 1692 2449680 65 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 2062 11 Amount of losses and claims on policies in Georgia incurred during the year 13 is 473 90 Total 15 20536 01 Amount of losses and claims on policies in Georgia paid during the year 13 18480 74 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any duduc tion for losses dividends commissions or other expenses 77850 10 THE GERMANIA LIFE INSURANCE COMPANY OF NEW YORK N Y Cornelius Doremus President Carl Heye Secretary Principal Office 20 Nassau St New York N Y Alexander C King Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December ber 31 of previous year 36448315 37 Extended at 36448315 37 IIIncome During Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 510737 55 1 Cash received for renewal premiums without deductions for commissions or other expenses 4112078 04 3 From dividends applied to pay running premiums 148568 11 3 From dividends applied to purchase paidup additions and annuities 35890 57 4 From surrender values applied to pur chase paidup insurance and annuities 141872 13 5 Consideration for annuities other than matured installment policies 23609 77 Total 4972756 17ComptkollekGenekals Repobt 329 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 325312 renewals 632456 9577 68 7 Total premium income 8 Cash received for interest on mortgage loans 1010551 96 9 Cash received for interest on bonds owned and dividends on stock 359132 76 10 Cash received for interest on premium notes loans or liens 157100 95 11 Cash received for interest on other debts due the Com pany 70667 interets on deposits 969886 10405 53 12 Cash received as discount on claims paid in advance 54 55 13 Cash received for rents for use of companys property including 35140 for companys own occupancy 188957 22 14 Cash received for profits on sales of bonds or stocks 217519 19 From all other sources viz Policy fees 2011 62 Total income 6693568 27 IIIDisbursements For the Year 1907 1 Cash paid for death claims including re visionary additions 1533211 99 3 Cash paid for matured endowments and additions thereto 1221754 75 5 Cash paid for sums falling due during the year on installment policies 3000 00 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 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 Total paid policyholders 360678574 16 Cash paid stockholders for interest 7 and 5 per cent dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 24788631 renewals 197311 27 annuities 69239 18 Cash paid for salaries and allowances to managers and agents 10544595 agency supervision expenses 152 85999 2757966 74 39268 38 125384 66 35890 57 35890 57 357835 15 141872 13 24000 00 445889 97 258305 94330 ComptrollerGenerals Report 19 Cash paid for medical examiners fees 2458552 inspec tion of risks 456790 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on premiums and renewals 22 Cash paid for taxes on reserves 42062 on real estate 3247642 23 Cash paid for insurance department fees agents licenses and municipal licenses 24 Cash paid for rent including 3514000 companys occu pancy 25 Cash paid for competing commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 1400078 printing 1819685 postage 2853828 28 Cash paid for real estate expenses other than taxes 68 71158 for legal expenses 518917 29 Cash paid for the following items viz Loss on sale of real estate 341648 all other disbursements including 583077 expended for improvements of companys of fice building in St Paul Minn 2254632 Total miscellaneous expenses 123351571 30 Total disbursements IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all ineumbranees 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policyholders on this companys policies assigned as collateral 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in company s officeT 8 Cash deposited in banks 10 Agents ledger balances 11 Total net or ledger assets as per balance above Other Assets 14 Interest due 1550682 and accrued 37784174 on mort gages 15 Interest due 194666 and accrued 12784916 on bonds and stocks 17 Interest due 433004 and accrued 1607994 on prem iums notes loans or leins 19 Bents due 248583 and accrued 621667 on companys property or lease Total carried out 29153 42 164506 38 48507 06 32897 04 11313 54 35140 00 20159 64 3043 26 60735 91 73900 75 25962 80 4840301 45 2429111 11 23416668 03 3059796 87 9114088 59 772 99 254977 31 26167 29 38301582 19 393348 56 129795 82 2040998 8702 5b 552256 86 ComptkollerGenerals Eepoet 331 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 24 Gross deferred premiums on policies in force De cember 31 1907 3 4572 80 555189 92 39239 33 382382 27 Totals 25 Deducting loading 2250 per cent on new and 2250 per cent on re newals 53812 13 937572 19 12107 73 21095374 26 Net amount of uncollected and deferred premiums Extended at 41704 40 726618 45 768322 85 28 Total assets as per books of the Company 39 622 161 90 Items Not Admitted 5 Agents balances 8 Book value of ledger assets over market value 9 Total assets less items not admitted VLiabilities 1 Net present value of all outstanding poli cies in force on the 31st day of Decem ber 1907 computed according to The Actuaries Table of Mortality with four per cent interest and American Experi ence Table with 3 and 3 per cent in terest respectively 33438253 00 Deduct net value of risks of this company reinsured in other solvent companies 44336 00 26167 29 612029 22 38983965 39 Net reinsurance reserve 3 Claims for death loses due and unpaid 4 Claims for matured endowments due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 33393917 00 3492 83 23387 54 153676 19 25500 00332 ComptrollerGenerals Report 7 Amounts due and unpaid on annuity claims 2684 22 8 Present value of unpaid amounts on ma tured installment policies 38116 57 Total policy claims 246857 35 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 51443 91 12 Amount of National State or other Taxes due 41078 33 13 Amount due on account of salaries rents and office ex penses 7737 44 16 Amount of any other liability of the company viz Premiums paid in advance 1669098 liability on poli cies cancelled upon which a surrender value may be de manded 1539246 unearned interest and rent 31 34714 medical examiners and legal fees due 125800 extra reserve for absolute war and world policies 115 94633 180634 91 17 Liabilities on policyholders account 33921668 94 18 Gross surplus on policyholders account 5062296 45 19 Total liabilities 38983965 39 20 Estimated surplus accrued on Tontine or other policies the profits upon which are especially reserved for that class of poli cies ace fund 2204700 01 21 Estimated surplus accrued on all other policies 2857595 84 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 731 1014102 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 71 110500 00 Total 802 1124602 00 Deduct number and amount which have ceased to be in force during the year 158 217925 00 Total number and amount of policies in force in Georgia December 31 1907 644 906677 00 Amount of losses and claims on policies in Georgia incurred during the year 5 6200 00 Total 5 6209 00ComptrollerGenerals Report 333 Amount of losses and claims on policies in Georgia paid during the year 5 6200 00 Amount of premiums collected in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses cash 30395 23 GREAT AMERICAN LIFE INSURANCE COMPANY ST LOUIS MO Samuel Quinn President Beauford McKinney Secretary H W Campbell Cordele Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 IIIncome During the Year 1908 1 Received for capital stoek paid up in cash 500000 00 1 Cash received for premium paid on capital stoek 232075 00 2 Notes of subscribers 440258 73 Total 1172333 73 11 Cash received for interest on other debts due the company 3709 18 Total income 1176042 91 IIIDisbursements For the Year 1908 17 Cash paid for commissions and bonuses to agents for selling capital stock 126840 75 18 Cash paid for salaries and allowances to managers and agents 500180 traveling expenses 37086 5372 66 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 6182 57 23 Cash paid for insurance department fees licenses and charter 328 00 24 Cash paid for rent 5500 00 26 Cash paid for furniture fixtures and safes for home and agency offices 7181 73 27 Cash paid for advertising 298375 printing 488543 postage telephone telegraph and express 266209 10531 27 29 Cash paid for the following items viz Exchange and collections 576 26 Interest accrued on bonds when purchased 657 62 Interest accrued on notes when purchased 1085 00 30 Total disbursements 164255 86334 ComptrollerGenerals Report IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 10500 00 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 101843 87 7 Cash in companys office 328 96 8 Cash deposited in banks 52796 01 9 Bills receivable 440258 73 10 Agents ledger balances of which 605948 was advanced during the year 6059 48 Certificates of deposit 400000 00 1011787 05 11 Total net or ledger assets as per balance above Other Assets 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 18 Interest accrued on other assets 212 50 1421 49 1085 00 Total carried out 20 Rent of home office paid in advance 21 Interest accrued on certificates of deposit when exchanged and advised by bank of credit later 22 Interest accrued on certificates of deposit 28 Total assets Items Not Admitted 5 Agents balances 6059 48 7 Bills receivable 440258 73 2718 Kit 2708 33 1233 33 33 34 1 1018481 04 Total 446318 21 572162 83 11 12 13 16 17 18 Total assets less items not admitted VLiabilities Commissions due agents on subscribers notes when paid 11715 00 Commissions to agents due or accrued 792 60 Amount due on account of salaries and unpaid bills 521 90 Capital stock 500000 00 Liabilities on policyholders account 513029 50 Cross surplus 49992 06 19 Total liabilities 1012421 56COMPTROLLERGrENEKAls REPORT 335 GREAT WESTERN LIFE INSURANCE COMPANY KANSAS CITY MO O L VanLaningham President E L Biersmith Secretary Principal Office Tenth St and Grand Ave Kansas City Mo J E McCullough Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 Extended at 100000 00 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expanses 632581 22 Vz Cash received for renewal premiums without deductions for commissions or other expenses 479 27 Total 633060 49 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 2145 58 7 Total premium income 9 Gross interest on collateral loans 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 12 Interest on deposits 16 Suspense 17 Promotion fund 18 Amount credited to account of outstanding checks 1 Cash paid for death claims including re visionary additions 3000 00 7 Total net amount actually paid for losses 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies Renewals 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 2401800 inspec tion of risks 260400 630914 91 826 34 52 81 32 45 807 79 2502 88 220038 75 4460 11 Total income 859636 04 IIIDisbursements For the Year 1907 3000 00 451507 21 451507 21 15811 04 26622 00330 ComptrollerGenerals Report 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Investment expenses 22 Interest and rediscounts 23 Cash paid for insurance department fees agents and municipal licenses 24 Accrued interest on investments at time of purchase 25 Cash paid for commuting commissions 26 Redemption of outstanding checks 27 Cash paid for advertising 410252 printing 2343507 telephone telegraph and express 389986 28 Cash paid for legal expenses 29 Cash paid for the following items viz Miscellaneous Discount on renewal premiums paid in advance Guaranteed dividendpromotion fund 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 7 Cash in company s office 8 Cash deposited in banks not on interest 8 Cash deposited in banks on interest 9 Bills receivable 10 Agents ledger balances of which 690825 was advanced during the year Furniture and fixtures 13 Total net or ledger assets less depreciation Other Assets 14 Interest accrued on mortgages 2366 53 15 Interest accrued on bonds and stocks 1326 00 Total carried out 24 Gross deferred premiums on policies in force December 31 1907 176464 95 25 Deduct loading on new and renew als 132348 71 26 Net amount of uncollected and deferred premiums ex tended at 28 Total assets 35295 30 30 00 53 68 9137 07 7045 75 1188 75 2255 42 31467 45 3707 14 3066 53 15 62 1632 00 591804 06 113400 00 125122 00 3171 06 56673 03 40000 00 40000 00 I 6908 25 22556 74 367831 OS 3692 53 44116 24 415639 85ComptrollerGenerals Report 337 Items Not Admitted 2 Furniture fixtures and safes 22556 74 5 Agents balances 6908 25 7 Mexico and Orient bonds 1000 00 Total 30464 99 9 Total assets less items not admitted 38517486 VLiabilities ReserveDisability 2658 15 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The American Experience Table with 3 per cent interest 102782 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 1512 00 Net reinsurance reserve 103928 15 13 Amount due on account of salaries rents and office ex penses 15192 93 15 Amount due to officers or others for advances on account of expenses of organization 6040 00 16 Amount of any other liability of the company viz Premiums paid in advance 47927 suspense 250288 2982 15 Guaranteed dividend promotion fund and checks outstand ing 24944 69 18 Gross surplus on policyholders account 232086 94 19 Total liabilities 385174 86 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citi zens of Geoigia issued during the year 259 851200 00 Total 259 851200 00 Total numtier and amount of policies in force in Georgia December 31 1907 259 851200 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 cash 18732 14 22cg338 C0MPTR0LLEEGrENEKAls REPORT CITIZENS LIFE INSURANCE COMPANY LOUISVILLE KY W H Gregory President J W Peake Secretary Principal Office 420 West Walnut St Louisville Ky William H Gregory Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of Capital Stock paid up in cash 255700 00 Amount of net or ledger assets December 31 of previous year 448548 54 Increase of capital during 1907 49760 00 Extended at 498308 54 IIIncome During Year 1907 1 Cask received for premiums on new poli cies without deductions for commissions or other expenses 249455 49 1 Cash received for renewal premiums without deductions for commissions or other expenses 425321 42 Total 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 13 Cash received for rents for use of companys property in cluding 500000 for companys own occupancy 14 Cash received for profits on sales of bonds or stocks 7500 all other 197929 19 From all other sources viz Inspection of real estate loans 116420 surplus from sale of stock 7734950 Total income 111Disbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 51666 67 674776 91 8337 34 2838 74 6212 60 6906 91 2054 29 78513 70 779640 49 7 Total net amount actually paid for losses 10 Board contracts 11 Cash dividends applied to pay running premiums 13 Surrender values paid in cash 51666 67 42131 17 7580 51 1198 79ComptrollerGenerals Report 339 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 19418856 renewals 501542 199203 98 18 Cash paid for salaries and allowances to managers and agents 70340 54 19 Cash paid for medical examiners fees 1640827 inspec tion of risks 537961 21787 88 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 58773 84 23 Cash paid for insurance department fees and agents and municipal licenses 10364 14 24 Cash paid for rent including 500000 companys occu pancy less 190691 received under sublease 7155 17 26 Cash paid for furniture fixtures and safes for home and agency offices 2681 67 27 Cash paid for advertising 368747 printing 564295 postage telegraph telephone and express 620578 15536 20 Cash paid for real estate expenses other than taxes 337298 for legal expenses 65125 4024 23 Cash paid for the following items viz Taxes on real estate 112338 taxes on personalty 471712 5840 50 Fire insurance 1900 cash with applications 188470 genral expenses 311727 5020 97 30 Collections 64776 bills payable 3600000 profit and loss 1121326 47861 02 28 29 31 Total disbursements 551167 28 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 55000 00 2 Loans on mortgage first liens on real estate 215807 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 41900 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 61238 59 5 Premium notes loans or liens on policies in force 47744 27 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 102562 50 7 Cash in companys office 100 00 8 Cash deposited in banks 175894 21 9 Bills receivable 229 89 0 Agents ledger balances 26305 29 72678 75 13 Total net or ledger assets less depreciation Other Assets 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 3367 62 99 17 698 50340 ComptbolleeGeneeals Repobt 17 Interest accrued on premiums notes loans or liens 872 07 18 Interest accrued on other assets 58 60 19 Bents due 125 00 Total carried out 20 Market value of real estate over cost New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 126137 73 60339 57 24 Gross deferred premiums on policies in force De cember 31 1907 2340 46 10196 11 Totals 128478 19 70535 68 25 Deducting loading 20 per cent on new and 20 per cent on renewals 25695 64 14107 14 26 Net amount of uncollected and deferred premiums 102782 55 56428 54 28 Total assets as per the books of the company Items Not Admitted 5 Agents balances 6 Loans on personal security endorsed or not 26305 29 229 89 5220 96 21000 00 159211 09 912213 80 Total 26535 18 9 Total assets less items not admitted 885678 62 VLiabilities 1 Net present value of all outstanding poli cies in force on the 31st day of Decem ber 1907 computed according to the American Experience Table of Mortal ity with 3 per cent interest 444758 00 Deduct net value of risks of this Com pany reinsured in other solvent Com panies 11464 00 Net reinsurance reserve 433294 00 3 Claims for death losses reported and no proofs received 6000 00COMPTKOLLEKGrENEBAL s RePOKT 341 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 3000 00 6 Claims for death losses and other policy claims resisted by the company 19000 00 Total policy claims 28000 00 13 Amount due on account of salaries rents and office ex penses 4076 05 16 Amount of any other liability of the company viz Premiums paid in advance 826 55 Medical fees 120000 reinsurance due and unpaid 159165 2791 65 17 Liabilities on policyholders account 468988 25 18 Gross surplus on policyholders account 416690 37 19 Total liabilities 885678 62 Business in Georgia During 1907 Number and amount of policies on the lives of citi No Amount zens of Georgia in force December 31 of previous year 430 1372000 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 335 891000 00 Total 765 2263000 00 Deduct number and amount which have ceased to be in force during the year 176 554500 00 Total number and amount of policies in force in Georgia December 31 1907 589 1708500 00 Amount of losses and claims on policies in Georgia incurred during the year 6 21500 00 Total 6 21500 00 Amount of losses and claims on policies in Georgia paid during the year 4 17500 00 By cash 1000000 by compromise 216667 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 36844 27342 ComptrollerGenerals Report northwestern national life insurance company of minneapolis minnesota L K Thompson President Robert E Esterly Secretary Principal Office Corner Nicollet Ave and 11th St Minneapolis Minn Win A Wright Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 4196276 17 Extended at 4196276 17 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 89005 48 12 Total new premiums 89005 48 13 Renewal premiums without deduction for commissions or other expenses 1081065 24 14 Dividends applied to pay renewal prem iums 361 67 15 Surrender values applied to pay renewal premiums and policy loans 111437 91 17 Total renewal premiums 1192864 82 18 Total premium income 1281870 30 22 Gross interest on mortgage loans 171787 27 24 Gross interest on bonds and dividends on stocks 9126 07 25 Gross interest on premium notes policy loans or liens 24027 68 26 Gross interest on deposits in trust com panies and banks 2304 81 29 Gross rent from companys property in cluding 1200000 for companys occu pancy of its own buildings 33991 78 30 Total gross interest and rents 241 237 61 34 Profit and loss items 9 817 21 39 Total income 1532925 12 IIIDi sbursements 1 For death claims 417915 31 2 For matured endowments 23861105 dis ability 12500 238736 05 3 Net amount paid for losses and matured endowments 656 651 36 ComptrollerGenerals Eeport 6 Surrender values paid in cash 7 Surrender values applied to pay renewal premiums and loans 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums Total paid policyholders 78734503 16 Commissions to agents less commission on reinsurance first years premiums 4720046 renewal premiums 148715 17 Commuted renewal commissions 18 Salaries and allowances for agencies including managers agents and clerks 19 Agency supervision traveling and all other agency ex penses 20 Medical examiners fees 21 Salaries and all other compensation of officers directors trustees and home office employees 22 Rent including 1200000 for companys occupancy of its own buildings 23 Printing and stationery 855522 postage telegraph telephone and express 515722 24 Legal expenses 25 Furniture fixtures and safes 26 Insurance taxes licenses and department fees 27 Taxes on real estate 28 Repairs and expenses other than taxes on real estate 32 General expenses 3830 10 34 Collection fees 826 63 36 Reinsurance 2619 51 39 Total 343 8154 22 111437 91 10739 87 361 67 48687 61 21875 54 5300 00 9627 66 4107 50 68365 59 12000 00 13712 14 25304 33 1711 72 16753 24 4076 48 14328 90 7276 24 7276 24 40 Total disbursements 1040472 28 IVLedger Assets 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 4 Loans made to policyholders on this companys policies assigned as collateral 6 Book value of bonds excluding interest 18672104 and stocks 908750 7 Cash in companys office 8 Deposited in trust companies and banks not on interest 9 Deposited in trust companies and banks on interest 10 Bills receivable 563549 agents balances 1021116 less suspense 215089 806027 441004 24 3490904 58 429792 57 195808 54 16480 72 8407 53 89812 93 13695 7 344 ComptrollerGenerals Report 11 Oklahoma City 195000 fees mortgaged No 281 624 18 No 449 10069 No 755 8229 No 1240 2504 No 833 3994 2822 14 12 Total ledger assets 4688729 01 NonLedger Assets 13 Interest due 916218 and accrued 60 99126 on mortgages 70153 44 14 Interest accrued 183498 on bonds and stocks 1834 98 16 Interest due 211387 and accrued 5 02702 on premium notes 7140 89 18 Rents due 4000 and accrued 24166 on companys property or lease 281 66 19 Total interest and rents due or accrued 20 Market value of real estate over book value 23 Gross premiums due and unreported on policies in force December 31 1907 6305 55 24 Gross deferred premiums on policies in force December 31 1907 225890 00 25 Total 26 Deduct loading 6 per cent 232195 55 13931 75 79410 97 14396 75 27 Net amount of uncollected and deferred premiums 28 All other assets Reserve loans 29 Furniture fixtures and safes 30 Auditorium 31 Printing plant 218263 80 248124 85 10000 00 5000 00 2500 00 33 Gross assets 5266425 38 Deduct Assets Not Admitted 34 Item No 11 ledger assets 2822 14 35 Furniture fixtures and safes 17500 00 36 Agents debit balance 8060 27 38 Bills receivable 5635 49 40 Book value of ledger assets over market value 46 30 42 City Tacoma bonds 532 24 43 Total 44 Total admitted assets 34596 44 5231828 94ma MBBBBB ComptrollerGenerals Beport 345 VLiabilities Net present value of all the outstanding poli cies in force on the 31st day of Decem ber 1907 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent 4396138 00 2 American Experience table at 3 per cent 83622 00 Total 4479760 00 6 Deduct net value of risks of this company reinsured in other solvent companies 1284 00 12 13 14 15 Not reserve 4478476 00 Present value of amounts not yet due on supplementary contracts not involving life contingencies 6998 36 Claims for death losses in process of ad justment or adjusted and not due 23155 26 Claims for death losses which have been reported and no proofs received 19013 26 Claims for matured endowments due and unpaid 2065 47 Claims for death losses and other policy claims resisted by the company 5000 00 17 Total policy claims 19 Gross premiums paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 24 Salaries rents office expenses bills and accounts due or accrued 26 State county and municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 31 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise 32 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1908 33 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies 35 Additional reserves 44 Unassigned funds surplus 49233 99 69180 97 4291 64 3500 00 2500 00 90685 38 2429 14 18058 33 310654 44 45000 00 150820 69 45 Total liaiblities 5231828 94346 ComptrollerGenerals Eeport No Amount Policies on the lives of citizens of said State in force December 31 of previous year 3208 3644884 00 Policies on the lives of citizens of said State issued during the year 1028 1600303 00 Totai 4236 5245187 00 Deduct ceased to be in force during the year 1069 1109083 00 Policies in force December 31 3167 4136104 00 Losses and claims unpaid December 31 of previous year 7 5641 28 Losses and claims incurred during the year 59 49778 39 Total 66 55419 67 Losses and claims settled during the year in cash 4730375 by compromise 111500 59 48418 75 Losses and claims unpaid December 31 7 7000 92 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commission or other expenses 174880 24 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF LOS ANGELES CALIFORNIA George C Cochran President J Newton Russell Jr Secretary Home Office N E Corner of Third and Hill Sts Los Angeles Cal A C Harmon Savannah 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 of previous year 11852504 79 Extended at 11852504 79 II Income 5 First years premiums on original policies without deduction for commissions or other expenses less 606713 for first years reinsurance 665801 04 6 Surrender values applied to pay first years premiums 909 24 7 Total first years premiums on original policies 666710 28 ComptrollebGeneeals Repobt 347 8 Dividends applied to purchase paidup ad ditions and annuities 130954 06 9 Surrender values applied to purchase paid up insurance and annuities 5232 52 10 Consideration for original annuities in volving life contingencies 5434 00 12 Total new premiums 808330 86 13 Renewal premiums without deduction for commissions or other expenses less 2440869 for reinsurance on renewals 2821769 40 14 Dividends applied to pay renewal prem iums 72158 34 15 Surrender values applied to pay renewal premiums 16622 77 17 Total renewal premiums 2910550 51 18 Total premium income 3718881 37 21 Premium notes loans or liens restored by revival of policies 6198 29 22 Gross interest on mortgage loans 192746 00 23 Gross interest on collateral loans 21066 37 24 Gross interest on bonds and dividends on stocks 230926 49 25 Gross interest on premium notes policy loans or liens 93376 21 26 Gross interest on deposits in trust com panies and banks 10404 38 27 Gross interest on other debts due the com pany 28273 71 29 Gross rent from companys property in cluding 2400000 for companys occu pancy of its own buildings 65189 72 30 Total gross interest and rents 641982 88 31 Gross profit on sale or maturity of ledger assets viz Real estate 30484 83 Bonds 11279 94 Stocks 5633 54 47398 31 33 From all other sources 34 Agents balances previously written off 3415 45 35 Accident department income 796809 55 800225 00 39 Total income 5214685 85348 ComptrollerGenerals Report IIIDisbursements 1 For death claims 85941131 additions 2227200 881683 31 2 For matured endowments 3336100 addi tions 48000 33841 00 3 Net amount paid for losses and matured endowments 915524 31 4 For annuities involving life contingencies 5 Premium notes voided by lapse 6 Surrender values paid in cash 7 Surrender values applies to pay new premiums 90924 to pay renewal premiums 1662277 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to polieyholders in cash 10 Dividends applied to pay renewal premiums 11 Dividends applied to purchase paidup additions and an nuities 12 Total paid polieyholders 1553313 76 13 Expense of investigation and settlement of policy claims including 639229 for legal expense 14 Paid for claims on supplementary contracts not involving life contingencies 15 Paid stockholders for interest or dividends 16 Commissions to agents less commissions on reinsurance First years premiums 45994546 renewal premiums 20457241 annuities original 28691 17 Commuted renewal commissions 18 Salaries and allowances for agencies including managers agents and clerks 19 Agency supervision traveling and all other agency ex penses 20 Medical examiners fees 5774815 inspection of risks 896231 21 Salaries and all other compensation of officers directors trustees and home office employees 22 Kent including 2400000 for companys occupancy of its own buildings 23 Advertising 1090509 printing and stationery 21 80377 postage telegraph telephone and express 14 40932 24 Legal expense 25 Furniture fixtures and safes 26 Insurance taxes licenses and department fees 27 Taxes on real estate 28 Repairs and expenses other than taxes on real estate 29 Gross loss on sale or maturity of ledger assets viz Real estate 10675 91 10996 99 124338 51 226102 95 17532 01 5232 52 50474 07 72158 34 130954 06 6804 34 3513 00 70000 00 664804 78 7000 00 14551 67 28476 05 66710 46 130413 23 31958 94 47118 18 14396 37 345 71 46027 98 5495 82 19534 49ComptrollebGenebals Repoet 349 Bonds Stocks Other assets 6561 85 1483 70 540 00 30 Gross decrease in book value of ledger assets viz Eeal estate 31 All other disbursements give items and amounts 32 Tax on franchise 5569 37 33 Tax on personal property 713 37 34 Exchange 717 90 35 General expense 5608 65 36 State department examinations 5866 43 37 Library bureau 677 97 38 Accident department disbursements 756575 48 19261 46 107432 13 775729 17 40 Total disbursements 3612887 54 IVLedger Assets 1 Book value of real estate unincumbered 1335476 21 2 Mortgage loans on real estate first liens 407207430 Warrants reclaimed district 407 Sacramento county Cal 24618 66 3 Loans secured by pledge of bonds stocks or other col lateral 330755 70 4 Loans made to policyholders on this companys policies assigned as collateral 925702 38 5 Premium notes and liens on policies in force 1094293 07 6 Book value of bonds excluding interest 476105135 and stocks 25935063 5020401 98 7 Cash in companys office 111478 69 8 Deposited in trust companies and banks not on interest 233263 00 9 Deposited in trust companies and banks on interest 232235 77 Deposited in banks that failed 4930 63 10 Bills receivable 1923 54 Unlisted assets 342 30 11 Furniture and fixtures 66806 87 12 Total ledger assets 13454303 10 NonLedger Assets 13 Interest due 58716 and accrued 32 69493 on mortgages 33282 09 14 Interest accrued 8533406 on bonds 85334 06 15 Interest accrued 169383 on collateral loans 1693 83 16 Interest due 608307 and accrued 3 47576 on premium notes 9558 83350 ComptrollerGenerals Report 17 Interest accrued 147333 on other assets 1473 33 18 Rents accrued 862960 on companys property 8629 60 19 Total interest and rents due and accrued 139971 74 20 Market value of real estate over book value 51979 71 21 Market value of stocks over book value 34689 37 22 Due from other companies for losses or claims on policies of this company reinsured 15000 00 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 less premiums on rein surance 24 Gross deferred premiums on policies in force De cember 31 1907 less premiums on reinsurance 181365 54 289920 29 29397 24 298345 20 25 Total 26 Deduct loading 210762 78 588265 49 126457 67 73533 18 27 Net amount of uncollected and deferred premiums 84305 11 514732 31 599037 42 29 Separate nonledger assets of accident department 213348 35 33 Gross assets 14508329 69 Deduct Assets Not Admitted 35 Furniture fixtures and safes 66806 87 36 Unlisted assets 342 30 38 Bills receivable 1923 54 39 Premium notes and loans on policies and net premiums 117115 00 Cash in banks that failed 4930 63 41 Bonds owned 165441 35 43 Total 356559 69 44 Total admitted assets 14151177 00 VLiabilities Net present value of all the outstanding poli cies in force on the 31st day of Decem ber 1907 as computed by the State De partment on the following tables of mortality and rates of interest vizCoMPTROLLERGrESTERAL s REPORT Actuaries table at 4 per cent on all poli cies issued prior to January 1 1901 5 59258618 same for revisionary addi tions 14614318 5738729 36 American Experience table at 3y2 per cent on all policies issued from Decem ber 31 1900 to December 31 1907 5 75871969 same for revisionary addi tions 71440201 6473121 70 American Experience table at 3 per cent on 1907 edition annual dividend policies issued during 1907 American Table of Mortality and 3 per cent interest 351 8360 31 92015 34 Total 12312226 71 6 Deduct net value of risks of this company reinsured in other solvent companies 102046 63 7 Reserve to provide for health and accident benefits con tained in life policies carried in accident department liabilities 12210180 08 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the State Department 11 1Q4 68 12 Claims for death losses in process of ad justment or adjusted and not due 40785 12 13 Claims for death losses which have been reported and no proofs received 72981 42 15 Claims for death losses and other policy claims resisted by the company 13000 00 17 Total policy claims 20 Unearned interest and rent paid in advance 21 Commissions due to agents on premium notes when paid 24 Salaries rents office expenses bills and accounts due or accrued 25 Medical examiners and legal fees due or accrued 26 State county and municipal taxes due or accrued 39 Commissions due and accrued on Conservative Life Con tracts 40 Premiums due reinsurance companies 41 Interest due and accrued on reinsurance funds 42 Accident department liabilities 43 Capital stock 44 Unassigned funds surplus 12676G 54 23025 32 2423 37 2552 27 12160 55 7835 62 16296 13 2358 02 1397 10 418651 11 1000000 00 316959 21 Total liabilities 14151770 00352 ComptrollerGenerals Report Businessin Georgia During 1907 No Number and amount of policies on the lives of citi year 776 Number and amount of policies on the lives of citi zens of Georgia issued during the year 335 512299 00 Total 1111 1855700 00 Deduct number and amount which have ceased to be in force during the year 173 311175 00 Total number and amount of policies in force in Georgia December 31 1907 938 1544525 00 Amount of losses and claims on policies in Georgia unpaid December 31st of previous year 3 5045 00 Amount of losses and claims on policies in Georgia incurred during the year 15 27684 00 Total 18 32729 00 Amount of losses and claims on policies in Georgia paid during the year 15 29688 00 Amount of premiums collected or secured in Georgia during the year in cash notes or credits without any deduction for losses dividends commissions or other expenses cash 52372 35 PHILADELPHIA LIFE INSURANCE COMPANY PHILADELPHIA PA Andrew J Maloney President William H Hubbard Secretary Principal Office North American Bldg Philadelphia Pa Wm A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 559590 00 Amount of net ledger assets December 31 of previous year 86223774 Increase of capital during 1907 16560 00 Extended at 878797 74 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 279955 81 1 Cash received for renewal premiums without deductions for commissions or other expenses 403364 70ComptrollerGenerals Report 353 3 From dividends applied to pay running premiums 2098 48 3 From dividends applied to purchase paidup additions and annuities 18 45 Total 685437 44 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 259447 renewals 292075 5515 22 7 Total premium income 679922 22 9 Cash received for interest on bonds owned and dividends on stock 28559 68 10 Cash received for interest on premium notes loans or Hens 1037 57 11 Cash received for interest and other debts due the com pany 8132 82 14 Cash received for profits on sales of bonds or stocks 1350 71 19 From all other sources viz Premium on capital stock 15847 50 Total income 734850 50 IIDisbursements For the Year 1907 59553 00 1 Cash paid for death claims including re visionary additions 7 Total net amount actually paid for losses 10 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 Total paid policyholders 6234043 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 19252680 renewals 2981143 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1275050 inspec tion of risks 157246 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 21 Cash paid for taxes on new premiums and renewals 23 Cash paid for insurance department fees and agents licenses 286975 municipal licenses 82610 24 Cash paid for rent including 452496 Companys occu pancy 26 Cash paid for furniture fixtures and safes for home and 23cg 59553 00 230 50 2098 48 18 45 440 00 222338 23 5264 70 14322 96 52054 52 8034 54 3695 85 4524 96354 CoMPTROLLERCxENERALs REPORT agency offices 27 Cash paid for advertising 268574 printing 545954 28 Cash paid for real estate expenses 29 Cash paid for the following items viz Postage 8 07327 decrease in book value of bonds 135975 de crease in liability December 31 1906 capital stock not yet issued 182370 same agents credit balance 3 58706 Total miscellaneous expenses 33753126 555 94 8145 28 3750 50 14843 78 30 Total disbursements 399 871 59 IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 110700 00 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 10 000 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 4236 68 5 Premium notes loans or liens on policies in force 26989 94 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 888924 81 7 Cash in companys office 1630 36 8 Cash deposited in banks 167165 47 10 Agents ledger balances 4 129 29 11 Total net or ledger assets 1213776 55 Other Assets 14 Interest accrued on mortgages 679 17 15 Interest accrued on bonds and stocks 12142 28 16 Interest accrued on collateral loans 93 33 17 Interest accrued on premiums notes loans or liens 5497 18 Interest accrued on other assets 369 47 Total carried out 1 21 Market value of bonds and stocks over cost as author ized by Insurance Department State of Pennsylvania 13339 22 5029 52 New Business 23 Gross premiums due and unreported on policies in force December 31 1907 24 Gross deferred premiums ou policies in force De cember 31 1907 Renewals 1105 00 16635 00 25269 00 5797 00 Totals 25 Deduct loading 26374 00 19286 00 22432 00 4480 00ComptrollerGenekal s Report 355 26 Net amount of uncollected and deferred premiums 7088 00 17952 00 25040 00 28 Total assets 1257185 29 Items Not Admitted 5 Agents balances 4129 29 8 Supplies printed matter and stationery excess of premium notes over reserves 4893 00 Total 9022 29 9 Total assets less items not admitted 1248163 00 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries table of mortality with four per cent interest 349130 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 2563 00 Net reinsurance reserve 346567 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 11000 00 6 Claims for death losses and other policy claims resisted by the company 5000 00 Total policy claims 16000 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 38390 24 13 Amount due on account of salaries rents and office ex penses 1719 45 16 Amount of premiums paid in advance 3186 63 Commission to agents on premium notes when paid 2 02425 on account of capital stock not yet issued 138 2162 25 17 Liabilities on policyholders account 408025 57 18 Gross surplus on policyholders account 840137 43 19 Total liabilities 1248163 00 20 Estimated surplus accrued on tontine or other poli cies the profits upon which are especially re served for that class of policies 232 00356 ComptrollerGenerals Beport 21 Estimated surplus accrued on all other policies 38158 24 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 17 55000 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 3 10000 00 Total 20 65000 00 Deduct number and amount which have ceased to be in force during the year 14 39000 00 Total number and amount of policies in force in Geor gia December 31 1907 6 26000 00 Amount of premiums collected or secured during the year in cash 26763 notes or credits 60835 total 875 98 PENN MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA PENNSYLVANIA George K Johnson President John Humphreys Secretary and Treasurer Home Office 921 923 and 925 Chestnut Street Philadelphia Pennsylvania Henry C Bagley Atlanta Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 81020277 04 4 Extended at 81020277 04 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 879318 for first years reinsurance 1762024 59 6 Surrender values applied to pay first years premiums 3499 77 7 Total first years premiums on original policies 1765524 36 8 Dividends applied to purchase paidup ad ditions and annuities 120268 00 9 Surrender values applied to purchase paid up insurance and annuities 250189 00ComptrollerGenerals Report 357 10 Consideration for original annuities in volving life contingencies 158730 49 11 Consideration for supplementary contracts involving life contingencies 5655 98 12 Total new premiums 2300367 83 13 Renewal premiums without deduction for commissions or other expenses less 67 93142 for reinsurance on renewals 12348053 63 14 Dividends applied to pay renewal pre miums 1024524 01 15 Surrender values applied to pay renewal premiums 17748 00 16 Renewal premiums for deferred annuities 9758 22 17 Total renewal premiums 13400083 86 18 Total premium income 19 Consideration for supplementary contracts not involving life contingencies 21 Premium notes loans or liens restored by revival of policies 22 Gross interest on mortgage loans 1732257 91 23 Gross interest on collateral loans 109146 57 24 Gross interest on bonds and dividends on stocks 1570977 69 25 Gross interest on premium notes policy loans or liens 26 Gross interest on deposits in trust com panies and banks 27 Gross interest on other debts due the com pany 29 Gross rent from companys property in cluding 4780000 for companys occu pancy of its own buildings 15700451 69 290439 49 5848 62 639654 38 17195 34 16582 07 159493 36 30 Total gross interest and rents 31 Gross profit on sale or maturity of ledger assets viz Real estate 919542 bonds 24610 92 total 34 Bonus on mortgage loan 2500 00 35 Bonuses on collateral loans 2925 83 36 Suspended bank dividends 1209 39 38 Total 39 Total income 4245307 32 33806 34 6635 22358 ComptrollerGenerals Report IIIDisbursements 1 For death claims less 4500000 reinsur ance 457135880 additions 36954 4608312 80 2 For matured endowments 128696725 additions 4476100 total 1331728 25 3 Net amount paid for losses and matured endowments 5940041 05 4 For annuities involving life contingencies 255675 94 5 Premium notes voided by lapse 63 8ig 07 6 Surrender values paid in cash i 029 936 30 7 Surrender values applied to pay new premiums 349977 to pay renewal premiums 1774800 21247 77 8 Surrender values applied to purchase paidup insurance and annuities 250189 00 9 Dividends paid to policyholders in cash 216293 37 10 Dividends applied to pay renewal premiums 1024524 01 11 Dividends applied to purchase paidup additions and an nuities 120268 00 12 Total paid policyholders 8921991 51 13 Expense of investigation and settlement of policy claims including 558382 for legal expense 12087 67 14 Paid for claims on supplementary contracts not involving life contingencies 151557 92 16 Commissions to agents less commission on reinsurance first years premiums 82214626 renewal premiums 82226867 annuities original 728348 renewal 61440 total 1652312 81 17 Commuted renewal commissions 23 237 54 18 Salaries and allowances for agencies including managers agents and clerks 97 079 02 19 Agency supervision traveling and all other agency ex penses 18976 97 20 Medical examiners fees 11585045 inspection of risks 1403872 total 129889 17 21 Salaries and all other compensation of officers directors trustees and home office employees 337 281 86 22 Rent including 4780000 for companys occupancy of its own buildings 119671 24 23 Advertising 2053497 printing and stationery 42 92502 postage telegraph telephone and express 40 99918 total 104459 17 24 Legal expense 21 824 9J 25 Furniture fixtures and safes H 261 78 26 Insurance taxes licenses and department fees 456 924 43 27 Taxes on real estate 37 g34 28 Repairs and expenses other than taxes on real estate 54191 62 29 Gross loss on sale or maturity of ledger assets viz Real estate 3665 00ComptrollerGenerals Eeport 359 30 Gross decrease in book value of ledger assets viz 24513 85 Bonds 32 Home office expenses 56264 78 33 Damages on account Omaha Neb prop 739 26 erty 34 Award and damages under two policies 6183 95 35 AgentsJ balances charged off 5339 50 68527 49 39 Total 40 Total disbursements 12237087 37 IVLedger Assets 1 Book value of real estate unineumbered 2153449 43 2 Mortgage loans on real estate first liens 36727213 06 3 Loans secured by pledge of bonds stocks or other col ateral 1841489 41 4 Loans made to policyholders on this companys policies assigned as collateral 10681657 00 5 Premium notes on policies in force of which 514175 is for first years premiums 1624236 0 6 Book value of bonds excluding interest 3467772450 and stocks 40272612 total 35080450 62 4551 55 7 Cash m companys office 9 Deposited in trust companies and banks on interest 500014 io id Bills receivable 32708251 agents balances 1336646 340448 97 11 Bills receivable for premiums 89065678 35 12 Total ledger assets NonLedger Assets 13 Interest due 35250 and accrued 582 51999 on mortgages 582872 49 14 Interest accrued on bonds 536546 00 15 Interest accrued on collateral loans 7543 21 16 Interest due 327006 and accrued 4 058 77 on premium notes policy loans 7328 83 or liens 18 Rents due 143650 and accrued 5 45643 on companys property or lease 6892 93 19 Total interest and rents due and accrued 1141183 46 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 100010 54 1154869 00360 ComptrollerGenerals Report 24 Gross deferred premiums on policies in force De cember 31 1907 94310 94 983216 78 25 Totals 26 Deduct loading 194321 48 2138085 78 41196 15 453274 19 27 Net amount of uncollected and deferred premiums 28 All other assets Net Deferred annuities 29 Secured profits on real estate under contracts of sale 153125 33 1684811 59 1837936 92 1633 05 2950 00 33 Gross assets 92049381 78 Deduct Assets Not Admitted 36 Agents debit balances 13366 46 37 Cash advanced to or in the hands of offi cers or agents mfi82 gi 38 Bills receivable m668 M 42 Total 43 Total 44 Total admitted assets 1987699 16 2439816 17 89609565 61 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as computed by the Pennsylvania Insurance Department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all life business issued prior to May 1 189648284849 00 2 American experience table at 3 per cent on all life business issued since May 1 1896 and prior to May 1 1902 J 3 American experience table at 3 per cent on all life busi ness issued since May 1 1902 15282184 00 Jsame for reversionary additions 5 Net present value of annuities including those in redue 7821027 00 1069876 00 tion of Total Premiums 2569 463 00 R tvj l 75027399 00 6 Deduct net value of risks of this company reinsured in other solvent companies 8 Net reserve 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company a actuary 131723 00 74895676 00 1783297 00ComptrollerGeneral s Report 12 Claims for death losses in process of ad justment or adjusted and not due 461865 92 Matured credits awaiting proof 24581 00 15 Claims for death losses and other policy claims resisted by the company 12129 from former years 17129 00 361 17 19 20 21 25 26 30 32 33 35 37 44 Total policy claims 503575 92 Premiums paid in advance including surrender values so applied 65064 48 Unearned interest and rent paid in advance 333936 76 Commissions due to agents on premium notes when paid 26951 46 Medical examiners and legal fees due or accrued 10558 00 State county and municipal taxes due or accrued 518288 09 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 219726 72 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1908 164637 95 Amounts set apart apportioned provisionally ascertain ed calculated declared or held awaiting apportionment upon deferred dividend policies Special 3 per cent reserve 45 Unassigned funds surplus Total liabilities 6088365 36 2032539 00 6310 00 2960638 87 89609565 61 Business in the State of Georgia During the Year 1907 No Amount Policies on the lives of citizens of said State in force December 31 of previous year 13708 24570636 00 Policies on the lives of citizens of said State issued during the year 2051 4353538 00 Total 15759 28924174 00 Deduct ceased to be in force during the year 1374 2172450 00 Policies in force December 31 14385 26751724 00 Losses and claims unpaid December 31 of pre vious year 8 10160 70 Losses and claims incurred during the year 120 289881 51 Total Losses and claims settled during the year 128 300042 21 122 288542 21 Losses and claims unpaid December 31 6 11500 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 845851 30 362 ComptrollerGeneeals Report phoenix mutual life insurance company op hartford connecticut John M Holcombe President Silas H Cornwell Secretary Home Office 49 Pearl Street Hartford Connecticut Chas L Northen Atlanta Attorney for Service in Georgia 1Capital Stock 2 Amount of ledger assets as per balance December 31 of previous year 21233413 95 4 Extended at 21233413 95 IIIncome 5 First years premiums on original poli cies without deduction for commissions or other expenses less 693786 for first years reinsurance 436545 28 6 Surrender values applied to pay first years premiums 1407 35 7 Total first years premiums on original policies 437952 63 8 Dividends applied to purchase paidup ad ditions and annuities 123772 00 9 Surrender values applied to purchase paid up insurance and annuities 61666 00 3 0 Consideration for original annuities in volving life contingencies 15124 30 12 Total new premiums 638514 93 13 Renewal premiums without deduction for commissions or other expenses less 34 62716 for reinsurance on renewals 3007522 84 14 Dividends applied to pay renewal pre miums 283846 70 15 Surrender values applied to pay renewal premiums 16260 68 17 Total renewal premiums 3307 630 22 18 Total premium ineome 3946 145 15 li Consideration for supplementary contracts not involving life contingencies 4 300 00 22 Gross Interest on mortgage loans 689357 96 24 Gross interest on bonds and dividends on stocks 258762 50 25 Gross interest on premium notes policies loans or liens 117791 72ComptrollerGenerals Report 363 26 Gross interest on deposits in trust com panies and banks 10650 75 27 Gross interest on other debts due the com pany 146 43 28 Gross discount on claims paid in advance 144 38 29 Gross rent from companys property in eluding 10000 for companys occu pancy of its own buildings 42019 34 30 Total gross interest and rents 1118873 08 31 Gross profit on sale or maturity of ledger assets viz Real estate 12824 14 32 Gross increase in book value of ledger assets viz Bonds 7607 83 Stocks 39970 00 Total 47577 83 34 Agents ledger balances 3926 93 35 Guarantee of Mortgage Loans 202 58 38 4129 51 39 Total income 5133849 71 TTTDisbursements 1 For death claims less 13997 reinsur ance 119689386 additions 18 50210 total 1215395 96 2 For matured endowments 186604 ad ditions 864510 total 195249 10 3 Net amount paid for losses and matured endowments 1410645 06 4 For annuities involving life contingencies 11308 00 5 Premium notes voided by lapse 1643 00 6 Surrender values paid in cash 316749 05 7 Surrender values applied to pay new premiums 140735 to pay renewal premiums 1626068 total 17668 03 8 Surrender values applied to purchase paidup insurance and annuities 61666 00 9 Dividends paid to policyholders in cash 6950 40 10 Dividends applied to pay renewal premiums 283846 70 11 Dividends applied to purchase paidup additions and an nuities 123772 00 12 Total paid policyholders 2234248 24 13 Expense of investigation and settlement of policy claims including 63994 for legal expense 1232 02 14 Paid for claims on supplementary contracts not involving life contingencies 8259 67364 ComptbollebGenerais Report 17 18 19 20 21 22 23 24 25 26 27 28 29 Commissions to agents less commission on reinsurance first years premiums 20275335 renewal premiums 16290972 annuities original 75621 total Commuted renewal commissions Salaries and allowances for agencies including managers agents and clerks Agency supervision traveling and all other agency ex penses Medical examiners fees 2669825 inspection of risks 521573 total Salaries and all other compensation of officers directors trustees and home office employees Rent including 10000 for companys occupancy of its own buildings Advertising 584581 printing and stationery 23614 75 postage exchange telegraph telephone and express 994536 total Legal expense Furniture fixtures and safes Insurance taxes licenses and department fees Taxes on real estate Repairs and expense other than taxes on real estate Gross loss on sale or maturity of ledger assets viz Real estate 144 87 Bonds 324 46 Total 30 Gross decrease in book value of ledger assets viz Bonds 30912 73 Stocks 19161 00 Total 77 32 Agents ledger balances charged off 83 66 33 Miscellaneous expenses 6 256 61 39 366419 28 3836 67 113940 22 11285 12 31913 98 121224 61 10609 50 39405 92 2656 09 3380 93 109742 87 5569 70 19146 81 1569 33 50073 73 6340 27 40 Total disbursements 3 14Q 54 qq 1 VLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Loans made to policyholders on this companys policies issigned as collateral 5 Premium notes on policies in force 6 Book value of bonds excluding interest 557511400 and stocks 361890 total 7 ash in companys office 9 Deposited in trust companies and banks on interest 12 Total ledger assets 523746 03 14008132 56 2084427 59 156596 73 5937004 00 609 27 515892 52 23226408 70ComptrollekGtenerals Report 365 NonLedger Assets 13 Interest due 1249569 and accrued 255089 on mortgages 267584 69 14 Interest accrued on bonds 41920 08 16 Interest due on premium notes policy loans or liens 9254 15 19 Total interest and rents due and accrued 318758 92 i New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 57894 23 216857 02 24 Gross deferred premiums on policies in force De cember 31 1907 26563 37 197612 06 25 Totals 84457 60 414469 08 26 Deduct loading 19541 91 88645 05 27 Net amount of uncollected and deferred premiums 64915 69 325824 03 28 All other assets 390739 72 33 Gross assets 23935907 34 Deduct Assets Not Admitted 39 Premium notes and loans on policies and net premiums in excess of the net value of their policies 16781 00 42 Market value of stocks and bonds under book value 254801 40 43 Total 271582 40 44 Total admitted assets 23664324 94 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as com puted by the Company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued prior to Jan 1 1901 15941094 00366 ComptrollerGenerals Report Same for reversionary ad ditions 519884 00 16460978 00 2 American experience table at Sy2 per cent on Nonparticipating policies issued for years 1901 to 1906 inclusive 829159 00 829159 00 3 American experience table at 3 per cent on partici pating policies issued af ter January 1 1901 and all 1907 issue and ex tended insurance 5040800 00 Same for reversionary ad ditions 11038100 515118100 5 Net present value of an nuities including those in reduction of premiums viz N Y Life Annuity Table 3 per cent for years 1901 to 1906 inclusive 50690 00 Combined experience 4 per cent to Dec 31 1900 46421 00 McClintocks Annuity Table SY2 per cent 1907 issue 15139 00 112250 00 Total 22553568 00 6 Deduct net value of risks of this company reinsur ed in other solvent com panies 124271 00 7 Reserve to provide for health and acci dent benefits contained in life policies 22429297 00 8 Net reserve 22429297 00 9 Present value of amounts not yet due on supplemen tary contracts not involving life contingencies com puted by the company on interest basis of 3 per cent 23558 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 16282 00 ComptrollerGenerals Report 12 Claims for death losses in process of ad justment or adjusted and not due 4933 00 13 Claims for death losses which have been reported and no proofs received 17759 00 367 17 Total policy claims 19 Premiums paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 23 Cost of Collection on uncollected and deferred pre miums in excess of the loading thereon 25 Medical examiners and legal fees due or accrued 26 State county and municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 31 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise 32 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1908 35 Reserve for paidup option 44 Unassigned funds surplus 22692 00 23525 00 60305 00 18473 00 2500 00 23000 00 63522 45 Total liabilities 37463 00 3662 00 10000 00 930045 94 23664324 94 Business in the State of Georgia During the Year 1907 No Amount Policies on the lives of citizens of said State in force December 31 1906 921 1853967 00 Policies on the lives of citizens of said State issued increased and revived during 1907 82 278 521 00 Total Deduct ceased to be in force and decreased during the 1003 2132488 00 year 124 192400 00 Policies in force December 31 1907 879 1940088 00 Losses and claims unpaid December 31 1906 Losses and claims incurred during the year 15 28082 00 Total 16 31082 00 LossesTnd claims settled during the year in cash 16 31082 00 Premiums collected or secured in cash and notes or credits without any deduction for losses divi dends commissions or other expenses 6090106368 ComptrollerGenerals Report THE PRUDENTIAL INSURANCE COMPANY OF AMERICA John F Dryden President Edward Gray Secretary Home Office 761 to 769 Broad Street Newark N J J M Skinner Atlanta Attorney for Service in Georgia ICapital Stock 3 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31st of previous year123453245 66 4 Extended at 123453245 66 IIIncome 5 First year s premiums on original policies without deduction for commissions or other expenses less 627022 for first years reinsurance 6406608 78 6 Surrender values applied to pay first years premiums 1724 64 7 Total first years premiums on original policies 6408333 42 8 Dividends applied to purchase paidup ad ditions and annuities 52284 65 9 Surrender values applied to purchase paid up insurance and annuities 1042068 85 10 Consideration for original annuities involv ing life contingencies 58192 87 11 Consideration for supplementary contracts involving life contingencies 7291 41 12 Total new premiums 7568171 20 13 Renewal premiums without deduction for 14 15 and 16 without deduction for commissions or other expenses less 14506101 for reinsurance on renewals 43152309 43 14 Dividends applied to pay renewal pre miums 137090 03 15 Surrender values applied to pay renewal premiums 3170 73 16 Renewal premiums for deferred annuities 790 63 17 Total renewal premiums 43 293 360 82 18 Total premium income 50861532 02 19 Consideration for supplementary contracts not involving life contingencies 178725 25 ComptrollerGenerals Report 369 21 Premium notes loans or liens restored by revival of pol icies 39239 12 22 Gross interest on mortgage loans 1073328 05 23 Gross interest on collateral loans 346172 10 24 Gross interest on bonds and dividends on stocks 2928686 79 25 Gross interest on premium notes policy loans or liens 367811 21 26 Gross interest on deposits in trust com panies and banks 181940 20 27 Gross interest on other debts due the company 12949 67 29 Gross rent from companys property in cluding 42133414 for companys occu pancy of its own buildings 791568 98 30 Total gross interest and rents 5702457 00 31 Gross profit on sale or maturity of ledger assets viz Real estate 6167 01 Bonds 37363 13 Total 43530 14 34 Conscience fund 64 00 39 Total income 56825547 53 IIIDisbursements 1 For death claims less 1916600 reinsur ance 1396951293 additions 47 24280 total 14016755 73 2 For matured endowments 22861410 ad ditions 210600 total 230720 10 3 Net amount paid for losses and matured endowments 14247475 83 4 For annuities involving life contingencies 60565 18 6 Surrender values paid in cash 981336 60 7 Surrender values applied to pay new premiums 172464 to pay renewal premiums 317073 4895 37 8 Surrender values applied to purchase paidup insurance and annuities 1042068 85 9 Dividends paid to policyholders in cash 1514499 53 10 Dividends applied to pay renewal premiums 137090 03 11 Dividends applied to purchase paidup additions and an nuities 5228465 12 Total paid policyholders 18040216 04 13 Expense of investigation and settlement of policy claims including 399308 for legal expense 8307 57 14 Paid for claims on supplementary contracts not involving life contingencies 93525 02 24cg370 ComptrollerGenerals Report 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Paid stockholders for interest or dividends Commissions to agents less commission on reinsur ance first years premiums 276676398 renewal premiums 484605912 annuities original 292788 renewal 4472 total Commuted renewal commissions Salaries and allowances for agencies including managers agents and clerks Agency supervision traveling and all other agency ex penses Medical examiners fees 51551912 inspection of risks 1195800 total Salaries and all other compensation of officers directors trustees and home office employees Bent including 42133414 for companys occupancy of its own buildings less 151028 received under sublease Advertising 26989476 printing and stationery 325 35122 postage telegraph telephone and express 137 01542 total Legal expense Furniture fixtures and safes Insurance taxes licenses and department fees Taxes on real estate Repairs and expenses other than taxes on real estate Gross loss on sale or maturity of ledger assets viz Real estate 11184 13 Bonds 209058 74 Total 32 Law libraries 33 Sundry general incidental expenses 34 Investment expense account 35 Expenses of examination by Department of Banking and Insurance of the State of New Jersey 36 Expenses of annual audit by public ac countants 200000 00 7615795 70 69537 50 2644081 30 231987 00 527477 12 1675953 96 679382 63 732261 40 33844 20 52279 16 1069579 54 190019 72 252052 06 220242 87 1070 60 96377 82 7886 53 11425 27 7500 000 39 Total 124260 22 40 Total disbursements 34460803 01 IVLedger Assets L Book value of real estate unincumbered 12137831 07 2 Mortgage loans on real estate first liens 26402634 17 3 Loans secured by pledge of bonds stocks or other col lateral 7777940 00 4 Loans made to policyholders on this companys policies assigned as collateral 6 280 454 19 ComptbollerGenekal s Report 371 5 Premium notes on policies in force 1153452 10 6 Book value of bonds excluding interest 7726934204 and stocks 2855240 80124582 04 7 Cash in companys office 14141 67 8 Deposited in trust companies and banks not on interest 589674 72 9 Deposited in trust companies and banks on interest 11336632 75 10 Bills receivable 647 47 12 Total ledger assets145817990 18 NonLedger Assets 13 Interest due 4110411 and accrued 48393329 on mortgages 525037 40 14 Interest accrued on bonds 1033522 54 15 Interest accrued on collateral loans 16 Interest due 1847917 and accrued 1 14715 on premium notes policy loans or liens 17 Interest due on other assets 18 Rents due 164769 and accrued 15 66285 on companys property or lease 54020 67 19626 32 448 91 17310 54 19 Total interest and rents due and accrued 1649966 38 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 Industrial Ordinary 24 Gross deferred premiums on policies in force De cember 31 1907 ordinary 2045 74 445891 28 51256 61 975038 40 345948 36 2738833 87 25 Totals industrial Ordinary 26 Deduct loading industrial 50 per cent Ordinary 20 per cent 2045 74 445891 28 397204 97 3713872 27 1022 87 222945 64 79440 99 742774 45 27 Net amount of uncollected and deferred premiums Industrial 1022 87 222945 64 Ordinary 317763 98 2971097 82 Total 3512830 31 28 All other assets Stationery and printed matter 10000 00 29 Furniture fixtures and safes 50000 00 30 Law libraries 6906 81 33 Gross assets 151047693 68372 ComptrollerGenerals Eeport Deduct Assets Not Admitted 35 Supplies stationery printed matter 10 00000 fiurniture fixtures and safes 5000000 law libraries 690681 66906 81 38 Bills receivable 647 47 41 Bonds and stocks 5733759 04 42 Amounts on deposit in banks which have suspended payment it is believed that they will ultimately be paid in full 21713 47 43 Total 5823026 79 44 Total admitted assets145224666 89 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as com puted by the company on the following tables of mortality and rates of in terest viz 1 Actuaries table at four per cent on policies is sued prior to Jan 1 1901 65489853 00 Same for reversionary ad ditions 184831 00 65674684 00 American experience table at three per cent on pol icies issued after Decem ber 31 1900 and prior to August 1 19074837547100 Same for reversionary ad ditions 72404 00 48447875 00 3 American experience table at three and onehalf per cent on ordinary policies issued after July 31 1907 459450 00 459450 00 4 Other tables and rates viz New York Standard Indus trial table at three and onehalf per cent on In dustrial policies issued af ter December 31 1906 64543 00ComptrollerGeneral s Report 373 New York Intermediate table at three and one half per cent on Inter mediate and Hazardous rating policies issued dur ing 1907 Liability on account of ex tra premiums for occupa tion residence etc 342807 00 16040 00 423390 00 5 Net present value of an nuities including those in reduction of pre miums viz Actuaries table at four per cent on annuities is sued prior to January 1 1901 American experience table at three and onehalf per cent on annuities issued after December 31 1900 and prior to January 1 1907 McClintocks tables at three and onehalf per cent on annuities issued after December 31 1906 254308 00 343923 00 52637 00 650868 00 Special reserve to make total reserve equal Net Reserve according to Massachusetts standard 3324176 00 Total 118980443 00 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 487798 00 8 Net reserve 118492645 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the assumption of interest rates as follows On par ticipating policies issued prior to 1901 four per cent on nonparticipating policies issued prior to 1901 or af ter July 31 1907 and on income policies three and one half per cent on all other policies three per cent 400707 07 10 Liability on policies canceled and not included in net reserve upon which a surrender value may be de manded 35814100 374 COMPTROLLER GENERALs EePORT 12 Claims for death losses in process of ad justment or adjusted and not due 307913 58 13 Claims for death losses which have been reported and no proofs received 554958 87 14 Claims for matured endowments due and unpaid 7690 55 15 Claims for death losses and other policy claims resisted by the company 39029 46 17 Total policy claims 909592 46 18 Due and unpaid on supplementary contracts not involving life contingencies 275 00 19 Premiums paid in advance including surrender values so applied 421936 19 20 Unearned interest and rent paid in advance 202941 50 21 Commissions due to agents on premium notes when paid 546 12 22 Commissions to agents due or accrued 14280 26 24 Salaries rents office expenses bills and accounts due or accrued 48605 49 25 Medical examiners and legal fees due or accrued 84355 66 26 State county and municipal taxes due or accrued 872201 57 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 115 178 75 31 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1908 whether contingent upon the payment of renewal pre miums or otherwise 28 022 00 32 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1908 210849 00 33 Amounts set apart apportioned provisionally ascertain ed calculated declared or held awaiting apportionment upon deferred dividend policies 7 004 195 87 34 Reserve or surplus funds not otherwise included in liabil itiesj 1000000 00 43 Capital stock 2000000 00 44 Unassigned funds surplus 13060193 95 45 Total liabilities 145224666 89 Business in the State of Georgia During the Year 1907 Paid for Business Only 10 t l No Amount 12 Policies on the lives of citizens of said State in force December 31st of previous year5036 10083505 00 13 Policies on the lives of citizens of said State is sued during the year 447 1047322 00 H Total 5483 11130827 00 15 Deduct ceased to be in force during the year 444 825 286 00ComptrollerGenerals Report 375 16 Policies in force December 31st5039 10305541 00 17 Losses and claims unpaid December 31st of pre vious year 8 14500 00 18 Losses and claims incurred during the year 38 81342 53 19 Total 46 95842 53 20 Losses and claims settled during the year in cash Ordinary 8624253 by compromise 60000 42 86842 53 21 Losses and claims unpaid December 31st 4 9000 00 22 Premiums collected or secured in cash and notes or credits without any deduction for losses divi dends commissions or other expenses Ordinary 34808704 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Chas A Peabody President Wm J Easton Wm Frederick Dix Sees Home Office 34 Nassau Street New York City N Y R F Shedden Atlanta Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year470087987 03 4 Extended at 470087987 03 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 1702432 28 6 Surrender values applied to pay first years premiums 23447 60 7 Total first years premiums on original policies 1725879 88 8 Dividends applied to purchase paidup ad I ditions and annuities 282242 66 10 Consideration for original annuities in volving life contingencies 510223 80 11 Consideration for supplementary contracts involving life contingencies 1303847 28 12 Total new premiums 6362380 62 376 ComptkollekGenerals Report 13 Renewal premiums without deduction for commissions or other expenses less 11256531 for reinsurance on renewals 49557928 83 14 Dividends applied to pay renewal pre miums 577739 54 15 Surrender values applied to pay renewal premiums 631011 16 16 Renewal premiums for deferred annuities 30140 05 17 Total renewal premiums 50 276 819 58 18 Total premium income 56639200 20 19 Consideration for supplementary contracts not involving life contingencies 511 g 5 22 Gross interest on mortgage loans 5576100 39 23 Gross interest on collateral loans 511494 40 24 Gross interest on bonds and dividends on stocks 12220181 75 25 Gross interest on premium notes policy loans or liens 2489052 17 26 Gross interest on deposits in trust com panies and banks 159 454 03 27 Gross interest on other debts due the company 209735 95 29 Gross rent from companys property in cluding 36416757 for companys occu pancy of its own buildings 1668087 34 30 Total gross interest and rents 22 834 106 03 31 Gross profit on sale or maturity of ledger assets viz Real estate 39660 00 Bonds 83867 60 Stocks 603522 12 Other assets 27880 30 754930 02 32 Gross increase in book value of ledger assets viz Real estate 4 00 Bonds 313011 74 313015 74 34 Deposits on account of pending insur ance 19308 82 35 Collections or deposits received on ac count of othersnot paid out 102071 53 121380 35 39 Total income gl174473 85ComptrollerGenerals Eeport 377 IIIDisbursements 1 For death claims 2229077603 addi tions 100325678 total 23294032 81 2 For matured endowments 463108225 additions 44451466 total 5075596 91 3 4 6 7 9 10 11 12 13 14 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Net amount paid for losses and matured endowments For annuities involving life contingencies Surrender values paid in cash Surrender values applied to pay new premiums 23 44760 to pay renewal premiums 63101116 total Dividends paid to policyholders in cash Dividends applied to pay renewal premiums Dividends applied to purchase paidup additions and an nuities Total paid policyholders4365112096 Expense of investigation and settlement of policy claims including 5486197 for legal expense Paid for claims on supplementary contracts not involving life contingencies Commissions to agents less commission on reinsurance first years premiums 78011125 renewal premiums 99180814 annuities original 1457507 renewal 47712 total Commuted renewal commissions Salaries and allowances for agencies including managers agents and clerks Aeency supervision traveling and all other agency ex 794727 15 penses Medical examiners foes 11272117 inspection of risks 3097293 total Salaries and all other compensation of officers directors trustees and home office employees Rent including 36416757 for companys occupancy of its own buildings less 450919 received under sublease Advertising 22853933 printing and stationery 175 51700 postage telegraph telephone and express 205 19420 total Legal expense 13065462 legislative 2381401 total Furniture fixtures and safes Insurance taxes licenses and department fees Taxes on real estate Repairs and expenses other than taxes on real estate Gross loss on sale or maturity of ledger assets viz Real estate 195799 bonds 36006 96 28369629 72 2812003 11 7493536 03 654458 76 1441324 14 57739 54 2822429 66 65649 71 308124 44 1786971 58 11500 00 1312068 16 143694 10 1200789 89 557431 92 609250 53 154468 63 19371 85 768616 40 351695 58 488310 80 37964 95378 ComptrollerGeneral s Report 30 Gross decrease in book value of ledger assets viz Real estate 881165 81 Bonds amortization of premium 113801 49 Bonds reduction in book value 2469677 92 3464645 22 32 Exchange 45518 02 33 Traveling general office employees 55 89708 law library and restaurant 44 97057 total 100867 65 34 Cost of election and election list 82 73798 sundries 2960027 112338 25 35 Investment taxes 1287054 other invest ment expense 543871 total 18309 25 36 Examinations by public accountants and by State departments 20 902 17 37 Interest accrued at date of purchase on bonds acquired in 1907 297935 34 79702 21 40 Total disbursements 56104039 42 IVLedger Assets 1 Book value of real estate unincumbered 2940515880 incumbered 400000 total 29 409 158 80 2 Mortgage loans on real estate first liens 125741 83642 3 Loans secured by pledge of bonds stocks or other col lateral 11805000 00 4 Loans made to policyholders on this companys policies assigned as collateral 52 Q22 021 33 6 Book value of bonds excluding interest 22292791060 and stocks 4655115216 269479062 76 7 Cash in companys offices 73180 54 8 Deposited in trust companies and banks not on interest 786648 69 9 Deposited in trust companies and banks on interest 5627716 65 10 Agents balances 92302 70 11 Supplies 2710454 suspense 9438903 total 121493 57 12 Total ledger assets 495158421 46 NonLedger Assets 13 Interest due 7049261 and accrued 160175220 on mortgages 1672244 81 14 Tnterest due 19118340 and accrued 1644976 15 ir rbndS 1836159 55 15 Interest due 25557539 and accrued on collateral loans 255575 39 16 Interest accrued on premium notes policy loans or liens 32284 20 17 Interest due 449866 and accrued 1414187 on other aSS6tS 1864053COMPTEOLLEEGrENEEAL g RePOET 379 18 Rents due 4067296 and accrued 14390966 on com pany s property or lease 184582 62 19 Total interest and rents due and accrued 3999487 10 21 Market value of stocks over book value 6536589 72 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 20154 93 3821926 10 24 Gross deferred premiums on policies in force De cember 31 1907 80738 29 2408907 69 25 Totals 100893 22 6230833 79 26 Deduct loading 26232 24 1620016 78 27 Net amount of uncollected and deferred premiums 74660 98 4610817 01 4685477 99 33 Gross assets 510379976 27 Deduct Assets Not Admitted 35 Supplies stationery printed matter 2710454 36 Agents debit balances 92302 70 37 Cash advanced to or in the hands of officers or agents 8779 96 40 Book value of ledger assets over market value 15989158 97 41 Suspense items 85609 07 43 Total 16202955 24 44 Total admitted assets494177021 03 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as com puted by the Insurance department of the State of New York on the fol lowing tables of mortal ity and rates of interest viz 1 Actuaries table at 4 per cent on policies issued prior to Jan 1 1898240183257 00 Same for reversionary ad ditions 10250750 00 250434007 00380 COMPTROLLERGrENERAL S REPORT 2 American experience table at 3 per cent on pol icies issued January 1 1898 to December 31 1906 inclusive 136786228 00 Same for reversionary ad ditions 1974492 00138760720 00 American experience table at 3 per cent on policies issued after December 31 1906 1125713 00 Same for revisionary ad ditions 1125713 00 5 Net present value of an nuities including those in reduction of pre miums Give tables and rates of interest viz 4 per cent on annuities issued prior to January 1 1898 6590951 00 3 per cent on annuities issued Jan 1 1898 to Dee 31 1906 inclusive 21578340 00 3 per cent on annuities is sued after December 31 1906 1659287 00 29828578 00 Total 420149018 00 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 54276 00 420094743 00 8 Net reserve 420094742 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 11 Claims for death losses due and unpaid 392553 25 12 Claims for death losses in process of ad justment or adjusted and not due 972559 43 13 Claims for death losses which have been reported and no proofs received 1406366 49 2062549 60 70352 65ComptbollebGeneeals Eepokt 381 14 15 16 17 18 19 20 22 24 25 30 31 32 33 39 40 45 12 13 14 15 16 17 Claims for matured endowments due and unpaid Claims for death losses and other policy claims resisted by the company Due and unpaid on annuity claims in volving life contingencies 123933 56 321542 00 182178 42 Total policy claims Due and unpaid on supplementary contracts not involv ing life contingencies Premiums paid in advance including surrender values so applied Unearned interest and rent paid in advance Commissions to agents due or accrued Salaries rents office expenses bills and accounts due or accrued including 374941 expenses of real estate Medical examiners and legal fees due or accrued Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1908 Amounts set apart apportioned provisionally ascertain ed calculated declared or held awaiting apportionment upon deferred dividend policies Deposits on account of pending insurance Due sundry parties for collections made or deposits held for their account 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 year11511 Policies on the lives of citizens of said State is sued during the year 3399133 15 844 26 662282 24 1166078 10 2821 76 10033 86 8631 95 135373 04 312 7144884 12 57530769 45 150772 01 571634 94 494177021 03 1907 Amount 25082107 00 696811 00 Tota 11823 25778918 00 Deduct ceased to be in force during the year 853 2087275 00 Policies in force December 31 10970 23691643 00 Losses and elaims unpaid December 31 of pre 15 20704 50 vious year x Losses and claims incurred during the year 183 605124 04 18 19 Total 198 625828 54382 ComptrollerGenerals Report 20 Losses and claims settled during the year in cash 59480911 by compromise 904000 188 21 Losses and claims unpaid December 31 22 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 86802284 60384911 10 21979 43 59 NATIONAL LIFE INSURANCE COMPANY OF CHICAGO ILLINOIS A M Johnson President Robert D Lay Secretary Principal Office 159 LaSalle Street Chicago Illinois Win A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets Decem ber 31 of previous year 6273303 59 Extended at 6273303 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 1 Cash received for renewal premiums without deductions for commissions or other expenses 1423212 2 Premium notes loans or liens taken in part payment forrenewal premiums 3 From dividends applied to pay running premiums 3 From dividends applied to purchase paidup additions and annuities 4From surrender values applied to pur chase paidup insurance and annuities 380528 45 09 83967 47 224 20 228 16 26358 68 Total 1914519 05 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 30340 renewals 586460 total 6168 00 7 Total premium income 1908351 05 8 Cash received for interest on mortgage loans 92 617 70 9 Cash received for interest on bonds owned and dividends on stock 195732 31ComptkollerGeneeal s Report 383 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 14 Cash received for profits on sales of bonds or stocks 31800 real estate 21253 total 15 Increase in book value of real estate 16 Consideration for supplementary contracts not involving life contingencies 17 Premium notes loans or liens restored by revival of pol icies 19 From all other sources viz Charged off collateral and mortgage loans paid 17500 charged off bonds sold 732 charged off ledger balance paid 39035 charged off real estate sold 48675 profit and loss 6851 total 43725 81 46996 19 15090 22 530 53 60000 00 4915 00 843 71 1852 61 Total income 2370655 13 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 3 Cash paid for matured endowments and additions thereto 386869 77 707 00 Total 387570 77 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 25000 00 9 10 11 12 13 15 16 17 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Premium notes loans or liens voided by lapse Cash dividends paid policyholders Cash dividends applied to pay running premiums Cash dividends applied to purchase paidup additions and annuities Surrender values paid in cash Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 487915 10 Paid for claims on supplementary contracts not involv ing life contingencies Cash paid stockholders for interest on dividends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 28462595 renewals 4979404 total Cash paid for salaries and allowances to managers and agents 362576 77 2610 68 3001 29 4740 54 224 20 228 16 88174 78 26358 68 9609 56 50000 00 334419 99 56182 67384 ComptrollerGenerals Report 19 Cash paid for medical examiners fees 2912448 in spection of risks 528806 total 34412 54 Agency supervision traveling and all other agency ex penses 441 93 20 ash paid for salaries and all other compensation of offi cers and other home office employees 87138 58 21 Cash paid for taxes on real estate 3028 03 Loss on sale or maturity of ledger assets 678525 de crease in book value of ledger assets 6020000 total 66985 25 23 Cash paid for insurance department fees and agents licenses 30584 91 24 Cash paid for rent 11 265 68 25 Cash paid for commuting commissions 10 965 99 26 Cash paid for furniture fixtures and safes for home and agency offices 1 407 61 27 Cash paid for advertising 490091 printing 1277757 postage telegraph telephone and express 731246 24990 94 28 Cash paid for legal expenses 24 406 66 29 Cash paid for the following items viz Taxes personal property 155567 exchange and collection 55111 investment expenses 218354 miscellaneous expenses 155933 agents balance charged off 3763797 bills receivable charged off 36864 profit and loss 2000 43876 26 Total miscellaneous expenses 78971660 30 Total disbursements IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 ash deposited in banks 11 Total net or ledger assets less depreciation Other Assets 14 Interest due 452235 and accrued 30 34863 on mortgages 34870 98 15 Interest accrued on bonds and stocks 2221 67 1 7 Interest accrued on premiums notes loans or liens 1155 82 1277631 70 368435 84 1893052 58 22900 00 518373 63 50692 92 4041206 86 17157 17 454508 02 7366327 02ComptrollerGenerals Report 385 18 Interest accrued on other assets 19 Rents due on companys property or lease 304 00 499 83 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks oveT cost New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 111068 96 95887 26 24 Gross deferred premiums on policies in force De cember 31 1907 10666 30 160265 37 39052 30 10815 00 504643 14 Totals 121735 26 256152 63 25 Deduct loading 96856 09 57688 95 26 Net amount of uncollected and deferred premiums 24879 17 198463 68 223342 85 28 Total assets as per the books of the company Items Not Admitted 9 Total assets less items not admitted VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries and American tables of mor tality with four and 3 per cent in terest 6643550 65 Deduct net value of risks of this com pany reinsured in other solvent com panies 8144180 31 29041 00 Net reinsurance reserve 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on annuity claims 8 Present value of unpaid amounts on ma tured installment policies 6614509 65 35023 52 3000 00 1333 34 45442 23 Total policy claims 84199 09 25cg386 ComptrollerGenerals Report 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholdersT 240 00 11 Dividends declared on deferred dividend policies payable during 1908 5404 09 12 Dividends declared on annual dividend policies payable during 1908 1204 58 13 Amount due on account of salaries rents and office ex penses 3000 00 14 Amounts due agents for commissions on premium notes when paid 2091 52 15 Unearned interest and rents paid in advance 15036 22 16 Amount of any other liability of the company viz Premiums paid in advance 43737 74 Dividends apportioned payable to policyholders subse quent to 1908 314138 93 17 Liabilities on policyholders account 7084251 82 18 Gross surplus on policyholders account 1059928 49 19 Total liabilities 8144180 31 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 918 1273665 61 Number and amount of policies on the lives of citizens of Georgia issued during the year 358 442887 42 Total 1276 1716553 03 Deduct number and amount which have ceased to be in force during the year 247 355641 48 Total number and amount of policies in force in Geor gia December 31 19071029 136091155 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 500 00 Amount of losses and claims on policies in Georgia incurred during the year 11 23500 00 Total 12 24000 00 Amount of losses and claims on policies in Georgia paid during the year 11 22000 00 Amount of premiums collected in Georgia during the year in cash 4095506ComptrollerGenerals Report 387 THE GUARANTEE LIFE INSURANCE COMPANY OF HOUSTON TEXAS Jonathan Lane President Chaa Boedeker Secretary Edgar Watkins Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 122815 01 Extended at 122815 01 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 122177 06 1 Cash received for renewal premiums without deductions for commissions or other expenses 20730 77 Total 142907 85 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 281859 renewals 38690 total 3205 49 7 Total premium income 139702 34 8 Cash received for interest on mortgage loans 2089 10 10 Cash received for interest on premium notes loans or liens 28 07 11 Cash received for interest on other debts due the com pany 19 From all other sources viz Sale income bonds 10000 W R P Thompson 4562600 total 234 00 10456 26 Total income 152509 77 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re versionary additions 5000 00 7 Total net amount actually paid for losses and matured endowments 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 19 Cash paid for medical examiners fees 6505 inspection of risks 135240 total 5000 00 100682 23 7857 40388 ComptrollerGenerals Report 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 23 Cash paid for insurance department fees 24 Cash paid for rent 27 Cash paid for advertising 122623 printing 306475 postage telegraph and express 55567 total 28 Cash paid for real estate expenses 29 Cash paid for the following items viz Furniture and fixtures 40020 taxes capital stock 183594 actuar ies fees 1040 premium on bonds 60 collection and exchange 2809 office expenses 53460 traveling ex penses 74485 organization expenses 1697 special contract earnings 789 paid agency superintendent balance due 3608 total 30 13 14 17 Interest accrued on mortgages Interest accrued on premiums notes loans or liens Interest accrued on other assets 3906 78 11 44 2 68 Total carried out New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 28133 20 2412 28 24 Gross deferred premiums on policies in force De cember 31 1907 2227 27 Totals 30360 47 2412 28 25 Deduct loading 75 per cent on new 22770 35 1809 21 26 Net amount of uncollected and deferred premiums 7590 12 603 07 28 Total assets as per the books of the company 13914 77 559 46 1235 00 4826 65 3201 96 7165 74 Total disbursements 144443 20 IVAssets as Per Ledger Accounts Loans on mortgage first liens on real estate Premium notes loans or liens on policies in force of which 8745 was received during the year Cash deposited in banks Bills receivable Accounts receivable Total net or ledger assets less depreciation Other Assets 112000 00 1374 19 17190 96 150 00 166 42 130881 57 3920 90 8193 19 142995 66ComptrollerGenerals Report 389 Items Not Admitted 6 Loans on personal security endorsed or not 308 42 Deposit in T W Hause Bank marked affc 50 per cent 1324 87 Premium notes in excess of net value 1031 67 Total 2664 90 9 Total assets less items not admitted 140330 70 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the American table of mortality with 3 and 4 per cent interest 24496 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 1133 00 Net reinsurance reserve 23363 00 14 Amount due V R P Thompson 456 26 Reserve for disability feature 193 due on supplement ary contracts not involving life contingencies 18420 377 20 17 Liabilities on policyholders account 24196 40 18 Gross surplus on policyholders account 116134 24 19 Total liabilities 140330 70 GREENSBORO LIFE INSURANCE COMPANY OF GREENSBORO NORTH CAROLINA J W Fry President E Colwell Jr Secretary Principal Office Greensboro N C ICapital Stock 1 Amount of capital stock paid up in cash 146400 00 Amount of net or ledger assets Decem ber 31 of previous year 188571 99 Extended at N571 99390 ComptrollerGenerals Report IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 108462 10 1 Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new pol icies 2 Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums 3y2 From dividends applied to purchase paidup additions and annuities 115733 61 17839 54 33304 59 13 07 3 15 Total 275356 06 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 19 From all other sources viz Matured installment poli cies Total income 275356 06 6625 83 1535 00 556 85 523 55 7703 00 292300 29 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 33763 00 5 Cash paid for sums falling due during the year on installment policies 493 80 Total 34256 80 7 Total net amount actually paid for losses and matured endowments 34256 80 9 Premium notes loans or liens voided by lapse 3435 82 11 Cash diivdends applied to pay running expenses 13 07 12 Cash dividends applied to purchase paidup additions and annuities 3 15CoMPTROLLERGrENERAL s REPORT 391 Total paid policyholders 37708 84 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 8517429 renewals 633333 total 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 18845 inspec tion of risks 343536 total 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums and on renewals 24 Cash paid for rent including 1140 for companys occu pancy 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising and printing 28 Cash paid for real estate expenses other than taxes 29722 for legal expenses 229229 total 29 Cash paid for the following items viz Postage tele graph and express General expense 287078 profit and loss 52908 rein surance 929623 total Total miscellaneous expenses 17372495 30 Total disbursements IVAssets as per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 8 Cash deposited in banks 9 Bills receivable 10 Agents ledger balances 13 Total net or ledger assets less depreciation Other Assets 14 Interest accrued on mortgages 1043 54 15 Interest accrued on bonds and stocks 200 00 17 Interest accrued on premiums notes loans or liens 442 35 91507 62 11764 94 22280 36 16405 55 2695 25 1140 00 2574 69 889 88 7099 31 2589 51 2081 75 12696 09 211433 79 18100 00 134000 00 600 00 18065 26 27791 32 53475 00 8221 80 2590 00 6595 11 269438 49 Total carried out 20 Market value of real estate over cost 1685 89 6200 00392 ComptrollerGenerals Report New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 29399 40 22218 12 24 Gross deferred premiums on policies in force De cember 31 1907 2998 04 Totals 29399 40 25216 1G 25 Deduct loading 20 per cent on new and 20 per cent on renewals 5879 88 5043 23 26 Net amount of uncollected and deferred premiums 23519 52 20172 93 43692 45 27 Furniture fixtures and safes 2662 93 28 Total assets as per the books of the company 323679 76 Items Not Admitted 2 Furniture fixtures and safes 2662 93 5 Agents balances 6595 11 7 Bills receivable 2590 00 Total 11848 04 9 Total assets less items not admitted 311831 72 Liabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries table of mortality with four per cent interest 143885 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 6400 00 Net reinsurance reserve 137 395 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 000 00 6 Claims for death losses and other policy claims resisted by the company 2000 00 8 Present value of unpaid amounts on ma tured installment policies face 2000 1340 00 Total policy claims 4 340 go CompteolleeGeneeals Repoet 393 16 Premiums paid in advance Interest paid in advance 23 84 497 46 17 Liabilities on policyholders account 142256 30 18 Gross surplus on policyholders account 169575 42 19 Total liabilities 311831 72 Business in the Stateof Georgia During the Year 1907 Number and amount of policies on the lives of citizens of Georgia issued during the year 34 59500 00 Deduct number and amount which have ceased to be in force during the year 1 3000 00 Total number and amount of policies in force in Geor gia December 31 1907 33 56500 00 Amount of premiums collected during the year in cash and notes or credits 87464 HOME LIFE INSURANCE COMPANY OF NEW YORK George E Ide President Ellis W Gladwin Secretary Home Office 256 Broadway New York N Y Win A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 125000 00 2 Amount of ledger assets as per balance December 31 of previous year 18772862 35 4 Extended at 18772862 35 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 229512 for first years reinsurance 238178 81 7 Total first years premiums on original policies 8 Dividends applied to purchase paidup ad ditions and annuities 10 Consideration for original annuities in volving life contingencies 11 Consideration for supplementary contracts involving life contingencies 238178 81 259619 32 20961 11 4448 99 12 Total new premiums 523208 23394 ComptrolleeGeneeals Repobt 13 Eenewa premiums without deduction for commissions or other expenses less 20 81368 for reinsurance on renewals 2774122 51 14 Dividends applied to pay renewal pre miums 24827 28 16 Renewal premiums for deferred annuities 30420 63 17 Total renewal premiums 2829370 42 18 Total premium income 3352578 65 19 Consideration for supplementary contracts not involving life contingencies 30749 00 22 Gross interest on mortgage loans 282759 15 24 Gross interest on bonds and dividends on stocks 392383 16 25 Gross interest on premium notes policy loans or liens 140949 35 26 Gross interest on deposits in trust com panies and banks 5750 96 27 Gross interest on other debts due the company 2316 03 28 Gross discount on claims paid in advance 656 22 29 Gross rent from companys property including 2400000 for companys occupancy of its own buildings 103069 41 30 Total gross interest and rents 927884 33 31 Gross profit on sale or maturity of ledger assets viz Stocks 24475 00 Other assets 1894 64 26369 64 32 Gross increase in book value of ledger assets viz Bonds decrease in amortization fund 5934 30 5934 30 34 Sale of rights on stocks 10575 00 39 Total income 4354090 92 IIIDisbursements 1 For death claims 108925652 additions 8100 total 1089337 52 2 For matured endowments 17894700 ad ditions 11537167 total 294318 67 3 Net amount paid for losses and matured endowments 1383656 19ComptrollerGenerals Report 395 4 For annuities involving life contingencies 5 Surrender values paid by the liquidation of premium loans 6 Surrender values paid in cash Surrender values paid by cash loans to policyholders 9 Dividends paid to policyholders in cash Dividends paid by the liquidation of premium loans 10 Dividends applied to pay renewal premiums 11 Dividends applied to purchase paidup additions and an nuities 12 Total paid policyholders 2109557 85 13 Expense of investigation and settlement of policy claims including 95253 for legal expense 14 Paid for claims on supplementary contracts not involving life contingencies 15 Paid stockholders for interest or dividends 16 Commissions to agents less commission on reinsurance first years premiums 10795481 renewal premiums 23438248 annuities original 90407 renewal 251994 total 18 Salaries and allowances for agencies including managers agents and clerks 19 Agency supervision traveling and all other agency ex penses 20 Medical examiners fees 1419601 inspection of risks 247298 total 21 Salaries and all other compensation of officers directors trustees and home office employees 22 Rent including 2400000 for companys occupancy of its own buildings 23 Advertising 1141984 printing and stationery 13 58615 postage 462540 total 24 Legal expense 25 Furniture fixtures and safes 26 Insurance taxes licenses and department fees 27 Taxes on real estate 28 Repairs and expenses other than taxes on real estate 29 Gross loss on sale or maturity of ledger assets viz Real estate Other assets 30 Gross decrease in book value of ledger assets viz Bonds increase in amortization fund Stocks 1728 00 1584 80 16624 29 10575 00 45888 87 18939 95 265156 83 94244 08 4102 31 13123 02 24827 28 259619 32 952 53 11293 78 15000 00 345761 30 38528 07 5117 44 16668 99 124842 87 24000 00 29631 39 4311 51 2184 05 56524 66 12296 00 39674 22 3312 80 27199 29 32 Miscellaneous expenses including tele phone and telegraph expenses 4966 75396 34 Investment expenses 35 Expense of examination by the New York Department ComptrollerGenerals Report 16684 96 4860 11 26511 82 40 Total disbursements 2893368 57 IVLedger Assets 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 4 Loans made to policyholders on this com pany a policies assigned as collateral 5 Premium notes on policies in force of which 3702 is for first years pre miums 6 Book value of bonds excluding interest 791604387 and stocks 184053085 7 Cash in company a office 8 Deposited in trust companies and banks not on interest 9 Deposited in trust companies and banks on interest 10 Agents balances 1643609 81 5981250 00 1826263 00 596221 27 9756574 72 1551 48 17847 00 374684 71 35582 71 12 Total ledger assets 20233584 70 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 16 Interest due 543693 and accrued 936 15 on premium notes policy loans or liens 17 Interest accrued on other assets 18 Rents accrued on companys property or lease 19 Total interest and rents due and accrued New Business 23 Gross premiums due and unreported on policies in force December 31 1907 24 Gross deferred premiums on policies in force De cember 31 1907 23656 57 110354 69 6373 08 1116 07 3088 33 144588 74 Renewals 3090 25 176762 75 18847 20 189930 88 25 Totals 21937 45 366693 63 ComptbollerGeneeals Repokt 397 26 Deduct loading 27 Net amount of uncollected 5987 01 90954 70 and deferred premiums 15950 44 275838 93 291789 37 33 Gross assets 20669962 81 Deduct Assets Not Admitted 36 Agents debit balances 35582 71 40 Book value of ledger assets over market value viz Bonds and stocks 1018320 47 43 Total 1053903 18 44 Total admitted assets 19616059 63 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as com puted by the New York Insurance Department on the following tables of mortality and rates of in terest viz 1 Actuaries table at 4 per cent on life endowment and term policies with continuous or limited pre miums and with or with out a pure endowment or return premium feature and participating or non participating 11988755 00 Same for reversionary ad ditions 601631 00 12590386 00 American experience table at 3 per cent on same as actuaries 4 per cent 4471546 00 Same for reversionary ad ditions 1211425 00 5682971 00 3 American experience table at 3 per cent on life or endowment policies with continuous or limited pre miums participating 174164 00 174164 00398 CoMPTROLLERGrENEBAls EePORT 5 Net present value of an nuities including those in reduction of pre miums Give tables and rates of interest viz Actuaries table at 4 per eent American experience table at 3y2 per cent 228739 00 288355 00 517094 00 Total 18964615 00 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 106839 00 18857776 00 8 Net reserve 18857776 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 121652 00 13 Claims for death losses which have been reported and no proofs received 116725 06 14 Claims for matured endowments due and unpaid 5558 02 15 Claims for death losses and other policy claims resisted by the company 3000 00 17 Total policy claims 19 Premiums paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 22 Commissions to agents due or accrued 24 Salaries rents office expenses bills and accounts due or accrued 25 Medical examiners and legal fees due or accrued 26 State county and municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 43 Capital stock 125000 00 44 Unassigned funds surplus 255641 43 Total 125283 08 32471 00 7108302 935 54 1000 00 15506 00 6827 62 2883 94 380641 43 45 Total liabilities 19616059 63CoMPTROLLERGrENERAL s RePOET 399 Business in the State of Georgia During the Year 1907 12 Policies on the lives of citizens of said State in force December 31 of previous year 522 1499303 00 13 Policies on the lives of citizens of said State is sued during the year 5 11187 97 14 Total 527 1510490 97 15 Deduct ceased to be in force during the year 70 229873 97 16 Policies in force December 31 457 1280617 00 17 Losses and claims unpaid December 31 of previous year 2 1668 00 18 Losses and claims incurred during the year 4 6687 97 19 Total 6 8355 97 20 Losses and claims settled during the year in cash 6 8355 97 22 Premiums collected or secured in cash and notes or credits without any deduction for losses divi dends commissions or other expenses 4597767 ILLINOIS LIFE INSURANCE COMPANY CHICAGO ILL James W Stevens President Oswald J Arnold Seceretary Principal Office 134 Monroe Street Chicago 111 J C Tumlin Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 5710574 28 Extended at 5710574 28 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for com missions or other expenses 292228 71 Cash received for renewal premiums without deductions for commissions or other expenses 1100161 01 3 From Dividends applied to pay running premiums 22557 97 3 From dividends applied to purchase paidup additions and annuities 30665 51 Total 1445613 20400 ComptrollerGenerals Report 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 1116907 renewals 793378 19102 85 7 Total premium income 1426510 35 8 Cash received for interest on mortgage loans 68825 41 9 Cash received for interest on bonds owned and dividends on stock 66704 74 10 Cash received for interest on premium notes loans or liens 64124 10 11 Cash received for interest on other debts due the company 14233 64 12 Cash received as discount on claims paid in advance in terest on collections and sundry loans 40024 98 13 Cash received for rents for use of companys property 72825 27 14 Cash received for profits on sales of real estate 11309 00 Total Income 1764557 49 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 489916 43 3 Cash paid for matured endownments and additions thereto 21406 76 Total 511323 19 6 Deduct amount received from other com panies for losses or claims on policies of this company reinsured 3300 00 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens voided by lapse 21 31748 pur rev addns 10123 int gold bonds 34711 10 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 508023 19 1800 00 21765 82 7591 53 22557 97 30665 51 204366 13 Total paid policyholders 796770 15 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 18902378 renewals 10425948 7000 00 293283 26 ComptrollerGenerals Eeport 401 18 Cash paid for salaries and allowances to managers and agents 11168 72 19 Cash paid for medical examiners fees 1594800 in spection of risks 521083 21158 84 20 Cash paid for salaries and all other compensation of officers and other home office employees 95017 51 21 Cash paid for taxes on new premiums 269092 on re newals 9540 57 12231 49 22 Cash paid for taxes on investments 2704987 27049 87 23 Cash paid for insurance department fees and agents licenses 214974 municipal licenses 59000 2739 74 24 Cash paid for rent 17743 18 25 Expenses 1516610 reg of policies 249200 17658 10 26 Investigation of claims 2437 58 27 Cash paid for advertising 883935 printing 798566 postage 482506 21650 07 28 Cash paid for real estate expenses other than taxes 6961174 for legal expenses 551667 75128 41 29 Cash paid for the following items viz loss on sale of ledger assets 5648 81 Collection of premiums 142727 exchange 93046 expenses surrendered policies 56486 2922 59 Total miscellaneous expenses 61283817 30 Total disbursements 1409608 32 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 704067 33 2 Loans on mortgage first liens on real estate 1281299 99 3 Loans secured by pledge of bonds stocks or other marketable collaterals 469405 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1262877 48 5 Premium notes loans or liens on policies in force was received during the year 5431 58 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 1939749 19 7 ash in companys office 2429 87 8 Jash deposited in banks 127930 81 9 Bills receivable 3482 56 10 Agents ledger balances of which 2363840 was ad vanced during the year 176982 27 Suspense per cent 1908176 furniture and fixtures 28 68531 commission renewal commissions 4410000 91867 07 11 Total net or ledger assets as per balance above 6065523 45 13 Total net or ledger assets less depreciation 6065523 45 26cg402 ComptrollerGenerals Report Other Assets 14 Interest due 170135 and accrued 19 13475 on mortgages 20836 10 15 Interest accrued 101367 on bonds and stocks 1013 67 16 Interest due 13506 and accrued 4 15811 on collateral loans 4293 17 17 Interest due and accrued 900427 on premiums notes loans or Hens 9004 27 18 Interest due and accrued 10217 on other assets 102 17 19 Rents due 175098 and accrued on companys property or lease 1750 98 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 37000 36 370141 43 52369 01 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 61930 29 167709 56 24 Gross deferred premiums on policies in force De cember 31 1907 182 19 132432 32 Total 25 Deducting loading aver age 25 per cent on renewals 62112 48 300141 15528 12 75035 47 26 Net amount of uncollected and deferred premiums 46584 36 225106 41 271690 77 tS Total assets as per the books of the company 6796725 02 Items Not Admitted 2 Furniture fixtures and safes 2868531 28685 31 3 Committed commissions 44100 00 4 Cash advanced to or in the hands of officers or agents suspense etci 19081 76 5 Agents balances 176982 27 7 Bills receivable 3482 56 Total 272331 90 9 Total assets less items not admitted 6524494 12CoMPTROLLERxENERAL s REPORT 403 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries table of mortality with four per cent interest 6054830 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 10922 00 Net reinsurance reserve 6043908 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 50390 64 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 27493 74 6 Claims for death losses and other policy claims resisted by the company 1220 00 7 Amounts due on installment claims 5610 46 Total policy claims 84714 84 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 82160 54 13 Amount due on account of salaries rents and office ex penses 7352 96 16 Amount of any other liability of the company viz Premiums paid in advance 635257 26938 58 17 Liabilities on policyholders account 6245074 92 18 Gross surplus on policyholders account 279318 20 19 Total liabilities 6524393 12 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1048 1342085 71 Number and amount of policies on the lives of citizens of Georgia issued during the year 199 311779 00 Total m7 1653864 71 Deduct number and amount which have ceased to be in force during the year 158 250310 71 Total number and amount of policies in force in Georgia December 31 19071089 1403554 00 Amount of losses and claims on policies in Georgia incurred during the year 10 24919 00404 ComptrollerGenerals Report Amount of losses and claims on policies in Georgia paid during the year 7 Amount of premiums collected or secured during the year in cash 3932488 20919 00 JEFFERSON STANDARD LIFE INSURANCE COMPANY OF NORTH CAROLINA Joseph G Brown President Chas W Gold Secretary Home Office Martin Street Raleigh N C A L Deadwyler Athens Attorney for Service in Georgia 1 Amount of capital paid up in cash 250000 00 Amount of surplus paid up in cash 250000 00 4 Extended at 500000 00 IIIncome 5 First years premiums on original poli cies without deduction for commissions or other expenses less 2588 for first years reinsurance 18795 28 12 Total new premiums 18 795 28 18 Total premium income ig 795 28 23 Gross interest on collateral loans 926 04 24 Gross interest on bonds and dividends on stocks 7058 14 25 Gross interest on premium notes policy loans or liens 10 33 26 Gross interest on deposits in trust com panies and banks 1224 47 30 Total gross interest and rents 9 218 98 39 Total income 28014 26 IIIDisbursements 16 Commissions to agents less commission on reinsurance first years premiums 526 16 19 Agency supervision traveling and all other agency ex penses 2683 25 20 Medical examiners fees 310800 inspection of risks 3818 total 3146 18 21 Salaries and all other compensation of officers directors trustees and home office employees n 866 33 22 Rent 355 00ComptrollerGenerals Report 405 23 Advertising 94605 printing and stationery 249775 postage telegraph telephone and express 46937 total 3913 17 24 Legal expenses 500 00 25 Furniture fixtures and safes 1093 75 26 Insurance taxes licenses and department fees 115 00 32 Sundries 899 63 40 Total disbursements 30198 47 IVLedger Assets 2 Mortgage loans on real estate first liens 500000 other than first liens 650 5650 00 3 Loans secured by pledge of bonds stocks or other collateral 52500 00 5 Premium notes on policies in force of which 382904 is for first years pre miums 3829 04 6 Book value of bonds excluding interest 38700545 7 Cash in companys office 133 25 8 Deposited in trust companies and banks not on interest 46994 77 10 Agents balances 1703 28 12 Total ledger assets 497815 79 NonLedger Assets 13 Interest accrued on mortgages 90 00 19 Total interest and rents due and accrued 90 00 23 Gross premiums due and unreported on policies in force December 31 1907 8132 09 24 Gross deferred premiums on policies in force December 31 1907 206 09 25 Total 8338 18 26 Deduct loading 20 per cent 1667 63 27 Net amount of uncollected and deferred premiums 6670 55 6670 55 33 Gross assets 504576 34 Deduct Assets Not Admitted 36 Agents debit balances 1703 28 43 Total 1703 28 44 Total admitted assets 502873 06406 ComptrollerGenerals Report VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as com puted by the actuary on the following tables of mortality and rates of in terest viz L Actuaries table at 4 per cent on common dividend policies of Carolina Life 2986 00 2 American experience table at 3 per cent on pre ferred dividend policies of Carolina Life 1238 all Jefferson Standard policies 4389 total 5627 00 Same for reversionary ad ditions 248 00 Total 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 2986 00 5875 00 8861 00 13 00 8848 00 7 Reserve to provide for health and acci dent benefits contained in life policies Carolina Life 430 Jefferson 33 463 00 8 Net reserve 93H 00 21 Commissions due to agents on premium notes when paid 1113 00 23 Cost of collection on uncollected and deferred pre miums in excess of the loading thereon 3335 27 25 Medical examiners and legal fees due or accrued 526 00 26 State county and municipal taxes due or accrued 14285 27 43 Capital stock 250000 00 44 Unassigned funds surplus 238587 79 502873 06 45 Total liabilities ComptbolleeGenebals Repobt 407 LIFE INSURANCE COMPANY OF VIRGINIA RICHMOND VIRGINIA J G Walker President W L Rogerson Secretary Principal Office 909 East Broad Street Richmond Virginia L Z Rosser and Morris Brandon Atlanta Attorneys for Service in Georgia ICapital Stock 1 Amount of capital stock paid tip in cash 200000 00 Amount of net or ledger assets Decem ber 31 of previous year 2817439 86 Extended at 2817439 86 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 431441 31 1 Cash received for renewal premiums without deductions for commissions or C other expenses 1877853 13 2 Premium notes loans or liens taken in part payment for premiums on new pol icies 2 Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums 3 From dividends applied to purchase paidup additions and annuities 4 From surrender values applied to pay run ning premiums 4 From surrender values applied to pur chase paidup insurance and annuities Total 2321824 59 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 22386 re newals 110635 total 3330 21 7 Total premium income 2320494 38 8 Cash received for interest on mortgage loans 84255 72 9 Cash received for interest on bonds owned and dividends on stock 41547 77 10 Cash received for interest on premium notes loans or liens 400316 11 Cash received for interest on other debts due the com pany 8690 84 572 07 2031 12 1083 49 201 60 51 30 8590 57 408 ComptrollerGenerals Report 13 Cash received for rents for use of companys property including 580000 for companys own occupancy 14 Cash received for real estate 2000 all other 86204 18 Agents cash bonds 19 From all other sources viz Profit and loss items 6812 85 2862 04 1380 00 13369 50 Total income 2483416 26 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 701528 95 3 Cash paid for matured endowments and additions thereto 572 70 Total 702101 65 7 Total net amount actually paid for losses and matured endowments 8 Cash paid for weekly indemnity claims 10 Cash dividends paid policyholders 10 Cash dividends paid to annuitants 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 770086 34 16 Cash paid stockholders for interest or dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 19716309 renewals 24793438 total 18 Cash paid for salaries and allowances to managers and agents and for agency expenses 19 Cash paid for medical examiners fees and inspection of risks 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 21 Cash paid for taxes new premiums 3189112 State licenses 302234 total 22 Cash paid for taxes on franchises 318705 on real estate 181834 personal property 2306 total 23 Cash paid for insurance department fees and agents licenses 471089 municipal licenses 558615 total 24 Cash paid for rent including 580000 for companys oc cupancy less 6000 received under sublease 26 Cash paid for furniture fixtures and safes for home and agency offices 702101 65 629 75 20400 18 51 50 1083 49 201 60 30976 30 51 30 8590 57 24000 00 445097 47 249209 55 44334 37 130171 63 34913 46 5028 45 10297 04 22453 34 2672 65 ComptrollerGenerals Report 409 27 Cash paid for advertising 1921823 printing and sta tionary 1685603 postage 302294 total 39097 20 28 Cash paid for real estate expenses other than taxes 88306 for legal expenses 4867354 total 49556 60 29 Cash paid for the following items viz General expenses 1207506 traveling expenses 113622 total 13211 28 Agents cost bonds 188000 profit and loss 353850 5418 50 30 Total disburseinents 1 45 547 gg IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 92093 26 2 Loans on mortgage first liens on real estate 2051445 62 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 50 gg 21 4 Loans made in cash to policyholders on this companys policies assigned as collateral 68 168 91 5 Premium notes loans or liens on policies in force of which 260319 was received during the year 6 060 70 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 935 800 18 7 Cash in companys office 19 150 74 8 Cash deposited in banks 231 680 92 S 8 Brooke Clerk Circuit Court Roanoke Va 20 70 11 Total net or ledger assets as per balance above3455308 24 12 Deduct depreciation from cost of assets to bring same to market value 40856 12 13 Total net or ledger assets less depreciation 3414452 12 Other Assets 14 Interest due 114555 and accrued 18 39891 on mortgages 19544 46 15 Interest due 117867 and accrued 13 18940 on bonds and stocks 14368 07 16 Interest accrued on collateral loans 785 92 17 Interest due 11763 and accrued 3492 on premiums notes loans or liens 172 55 19 Kent on companys property or lease 202 10 Total carried out 20 Market value of real estate over cost 21 Market value of stocks over cost 35073 10 30281 87 14685 94 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 4881 09 24108 72410 COMPTROLLEB GENERAL S REPORT 24 Gross deferred premiums on policies in force De cember 31 1907 12300 30 47820 65 Totals 25 Deducting loading 17181 39 71929 37 5325 31 23247 52 26 Net amount of uncollected and deferred premiums 11856 08 48681 85 60537 93 Premium extension notes 743 30 28 Total assets 3555774 26 Items Not Admitted 5 Premium notes in excess of the net value of their policies 1 85 Total 1 85 9 Total assets less items not admitted 3555772 41 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries and American Experience table of mortality with four three and onehalf and 3 per cent interest includ ing special reserve 2887325 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 518 00 Net reinsurance reserve y2 Liability on cancelled policies upon which a surrender value may be demanded 3 Claims for death losses not reported es timated 12000 0 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6871 12 6 Claims for death losses and other policy claims resisted by the company 3000 00 28868 07 56 17 Total policy claims 21871 12 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 10 Amount of dividends apportioned payable to policy holders in 1908 3875 88 3069 99ComptrollerGenerals Report 411 11 Amount of unpaid dividends to stockholders 6000 00 12 Amount of National State or other taxes due or accrued 32624 54 13 Amount due or accrued on account of salaries rents and office expenses medical and legal fees 21721 39 14 Unearned interest and rents paid in advance 1919 97 15 Commissions due agents on premium notes when paid 37 17 16 Amount of any other liability of the company viz Premiums paid in advance 45403 44 Excess premiums paid in error with interest on ordinary policy No 1520 11100 agents cash bonds 125000 1361 00 17 Liabilities 3030308 50 18 Surplus 325463 91 Capital stock 200000 00 19 Total liabilities 3555772 41 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 12043 1435583 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year14647 1789837 00 Total 26690 3225420 00 Deduct number and amount which have ceased to be in force during the year 9880 1161536 00 Total number and amount of policies in force in Georgia December 31 1907 16810 2063884 00 Amount of losses and claims on policies in Georgia incurred during the year 243 15248 80 Amount of losses and claims on policies in Georgia paid during the year 243 15248 80 Amount of premiums collected during the year in cash 80416 61 LOUISIANA NATIONAL LIFE ASSURANCE SOCIETY Louis P Rice President Henry Kahn Secretary Win A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 240000 00 Amount of net or ledger assets Decem ber 31 of previous year 303826 77 Extended at 303826 77412 ComptbolleeGtenerals Report IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for com missions or other expenses 25401 53 I1 Cash received for renewal premiums without deductions for commissions or other expenses 14105 93 7 Total premium income 9 Cash received for interest on bonds owned and dividends on stock Total income IIIDisbursements for the Year 1907 1 ash paid for death claims including revisionary ad ditions Total paid policyholdersi 1000 00 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 164400 inspec tion of risks 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 licenses 128069 municipal licenses 61400 24 Cash paid for rent 25 Cash paid for commuting commissions 20 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 112576 printing 211066 28 Cash paid for legal expenses 29 Cash paid for the following items viz Postage telephone telegraph freight and express Traveling and agency supervision Books and papers 20187 exchange 1109 directors fees 5750 light and power 8271 office sundries 26493 total Total disbursements 39507 46 11206 20 50713 66 1000 00 13236 07 5239 ot 2010 50 10944 53 43 73 1894 69 853 00 2152 34 1398 69 3236 42 10 00 768 09 3251 16 618 10 46656 36 ComptrollerGenerals Report 413 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 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 to bring same to market value 15000 00 285417 50 296 37 5015 62 2154 58 307884 07 307 50 13 Total net or ledger assets less depreciation 307576 57 Other Assets 14 Interest accrued on mortgages Total carried out New Business 23 Gross premiums due and un reported on policies in force December 31 1907 24 Gross deferred premiums on policies in force De cember 31 1907 Renewals 4418 35 1268 22 86 40 50 71 Totals 25 Deduct loading 4504 75 2501 55 3318 93 142 82 26 Net amount of uncollected and deferred premiums 27 Furniture fixtures and safes missions 143489 2003 20 1176 11 112259 commuted com 2 Furniture fixtures and safes 3 Commuted commissions 5 Agents balances Items Not Admitted 12259 2122 59 1434 89 2154 58 Total 9 Total assets less items not admitted VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to the actuarie s table of mortality with four per cent interest and American Exchange at 3 per cent 555 60 555 60 3179 31 3557 48 Total assets 314868 96 5712 06 309156 90 13864 00414 ComptrollerGenerals Report 12 Amount of national State or other taxes due 38 94 13 Amount due on account of salaries rents and office expenses 167 50 Medical examiners fees due or accrued 173 00 17 Liaiblities on policyholder s account 14243 44 18 Gross surplus on policyholders account 54913 46 Capital stock 240000 00 19 Total liabilities 309150 90 MANHATTAN LIFE INSURANCE COMPANY Henry B Stokes President M W Tarrey Secretary Home Office 646668 and 70 Broadway New York City M B Young Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 00000 00 2 Amount of ledger assets as per balance December 31 of previous year 19234821 41 Extended at 19234821 41 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 207763 for first years reinsurance 116645 09 6 Surrender values applied to pay first year3 premiums 1 312 86 7 Total first years premiums on original policies 117957 95 8 Dividends applied to purchase paidup ad ditions and annuities 2214 50 9 Surrender values applied to purchase paid up insurance and annuities 10204 41 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 19 90461 for reinsurance on renewals 2139108 65 130376 86 14 15 ComptrollerGeneral s Dividends applied to pay renewal premiums Surrender values applied to pay renewal Report 29535 01 451 52 415 2169095 18 17 18 2299472 7614 1008820 9219 5768 04 55 71 13 04 21 Premium notes loans or liens restored by revival of 22 23 396308 18598 148943 125008 11106 2796 306058 94 45 89 20 48 61 14 24 Gross interest on bonds and dividends on 25 26 Gross interest on premium notes policy Gross interest on deposits in trust corn 27 29 Gross interest on other debts due the Gross rent from companys property including 6150000 for companys oc 30 34 36 Checks over 5 years old not collected by Surrender values and dividends on re 3049 6169 97 5454 217 89 54 31 63 00 37 Cash received upon merger of National Citizens and Central National Banks 39 3330895 07 IIIDisbursements For death claims less 500000 reinsurance 128540192 additions 195100 For matured endownments 18562641 additions 6900 1287352 185695 1 2 92 41 1473048 11410 20352 280693 33 58 00 52 3 4 Net amount paid for losses and matured endowments 5 6 416 ComptrollerGenerals Eeport 7 Surrender values applied to pay new premiums 131286 to pay renewal premiums 45152 1764 38 8 Surrender values applied to purchase paidup insurance and annuities 10 204 47 9 Dividends paid to policyholders in cash 25 268 12 10 Dividends applied to pay renewal premiums 29535 61 11 Dividends applied to purchase paidup additions and annuities 2214 50 12 Total paid policyholders 1854490 85 13 Expense of investigation and settlement of legal expenses 2674 91 14 Paid for claims on supplementary contracts not involving life contingencies 1 350 qq 15 Paid stockholders for interest or dividends 26000 00 16 Commissions to agents less commissions on reinsurance first years premiums 5946124 renewal premiums 12072571 180186 95 17 Commuted renewal commissions 17 34 Advances against first year commissions 890 36 18 Salaries and allowances for agencies including managers agents and clerks 35564 42 19 Agency supervision traveling and all other agency exIenses s 14166 71 20 Medical examiners fees 925700 inspection of risks 45176 13408 76 21 Salaries and all other compensation of officers directors trustees and home office employees 122 716 02 22 Rent including 6150000 for companys occupancy of its own buildings less 60000 received under sublease 75220 44 23 Advertising 489961 printing and stationery 497694 postage telegraph telephone and express 943231 19308 6 24 Legal expense 1832g g3 25 Furniture fixtures and safes 260 85 26 Insurance taxes licenses and department fees 44 159 99 27 Taxes on real estate 07 84g 28 Repairs and expenses other than taxes on real estate 97 824 84 Cash received upon merger of National Citizens and Central National Banks 217 00 32 All other office expenses 13 84g gg 33 Sundry loss items premiums on life insur ance policies to accrue on agents in debtedness 65g 75 1404 41 40 Total disbursements n 500 104 IVLedger Assets 1 Book value of real estate unincumbered 5 299 165 37 2 Mortgage loans on real estate first liens 8 233860 00ComptbollerGenerals Eepobt 417 3 Loans secured by pledge of bonds stocks or other col lateral 550000 00 4 Loans made to policy holders on this companys policies assigned as collateral 2139330 15 5 Premium notes on policies in force of which 333947 is for first years premiums 260501 28 6 Book value of bonds excluding interest 301802191 and stocks 23026608 3248287 H9 7 Cash in companys office 6 390 12 8 Deposited in trust companies and banks not on interest 25000 00 9 Deposited in trust companies and banks on interest 177575 56 10 Agents balances 36 471 46 12 Total ledger assets 19976582 23 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds and stocks 15 Interest accrued on collateral loans 16 Interest accrued on premium notes policy loans or liens 17 Interest accrued on other assets 18 Rents due 1358273 and accrued 9 13000 on companys property or lease 19 Total interest and rents due and accrued 20 Market value of real estate over book value 161094 61 43950 78 2811 11 17923 52 2449 49 22712 73 New Business Renewals 250942 24 11934 63 23 24 Gross premiums due and unreported on policies in force December 31 1907 Gross deferred premiums on policies in force December 31 1907 353 89 163865 6 1829 00 70857 00 25 Totals 2182 89 234722 62 26 Deduct loading 23 per cent 502 06 53986 20 27 Net amount of uncollected and deferred premiums 1680 83 180736 42 182417 25 33 Gross assets 20421876 35 Deduct Assets Not Admitted 36 Agents debits balances 36471 46 40 Book value of ledger assets over market value on Dec 31st bonds and stocks 342961 28 43 Total 379432 4 44 Total admitted assets 20042443 61 27cg418 CoMPTKOLLEKGrENERAls REPORT VLiabilities 1 Actuaries table at 4 per cent on policies issued prior to January 1st 1901 Same for reversionary additions 2 American experience table at 3 per cent on policies issued after Jan uary 1st 1901 on non participating plan Same for reversionary ad ditions 3 American experience table at 3 per cent on policies issued after January 1st 1901 on participating plan Same for reversionary ad ditions 5 Net present value of annui ties including those in reduction of premiums Give tables and rates of interest viz Account 4 per cent on annuities issued prior to January 1 1901 American experience 3 per cent annuities issued after January 1 1901 48669 65 297 44 4896709 00 3587 57 358757 00 28854 44 1 89 2885633 00 50838 00 51743 00 102581 00 Total 18243680 00 6 Deduct net value of risks of this company reinsured in other solvent companies 76015 00 7 Reserve to provide for health and accident benefits contained in life policies 18167665 00 8 Net reserve 18137665 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the 19970 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 9451 00 11 Claims for death losses due and unpaid 5000 09ComptrollerGeneral s Report 419 12 Claims for death losses in process of ad justment or adjusted and not due 16277 00 13 Claims for death losses which have been reported and no proofs received less reserve 36639 30 14 Claims for matured endowments due and unpaid 3373 09 15 Claims for death losses and other policy claims resisted by the company 15000 00 17 Total policy claims 19 Premiums paid in advance including sur render values so applied 20 Unearned interest and rent paid in advance 21 Commissions due to agents on premium notes when paid 22 Commissions to agents due or accrued estimated 24 Salaries rents office expenses bills and accounts due or accrued estimated 25 Medical examiners and legal fees due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 39 Agents credit balances 43 Capital stock 44 Unassigned funds surplus 76289 48 12043 36 155 48 8300 69 1000 00 2500 00 599 50 12037 10 739 79 100000 00 1631692 21 45 Total liabilities Business Paid For in Georgia During 1907 No Policies on the lives of citizens of said State in force December 31 of previous year 1839 Policies on the lives of citizens of said State paid for during the year 147 Total 1986 Deduct ceased to be in force during the year 292 Policies in force December 31 1907 1694 Losses and claims incurred during year 36 Total Losses and claims settled during the year 36 33 20042443 61 Amount 32080 38 2143 83 34224 n 4971 45 29252 76 779 02 779 92 765 92 Losses and claims unpaid December 31 3 14 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 90351 00420 ComptrollerGenerals Eeport maryland life insurance company oe baltimore md Wm H Blackford President John W Hanson Secretary Home Office 8 and 10 South Street Baltimore Md Coke S Davis Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous years 2580542 42 4 Extended at 2580542 42 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 111945 for first years reinsurance 2719692 6 Surrender values applied to pay first years premiums 547 42 7 Total first years premiums on original policies 27744 34 8 Dividends applied to purchase paidup ad ditions and annuities 1217 70 10 Consideration for original annuities in volving life contingencies 5477 32 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 13 43000 for reinsurance on renewals 257902 71 14 Dividends applied to pay renewal prem iums 14413 40 34439 36 17 Total renewal premiums 272316 11 18 Total premium income 22 Gross interest on mortgage loans 7398 07 23 Gross interest on collateral loans 1854 97 24 Gross interest on bonds and dividends on stocks 87195 20 25 Gross interest on premium notes policy loans or liens and cash loans 11052 27 26 Gross interest on deposits in trust com panies and banks 134 25 306755 47ComptrollerGenerals Report 421 27 Gross interest on other debts due the company 10 13 29 Gross rent from companys property 18314 20 30 Total gross interest and rents 31 Gross profit on sale or maturity of ledger assets viz bonds 34 Policies of reinsurance surrendered 4000 27 35 On account fire insurance on old buildings destroyed by fire 91 40 39 Total income IIIDisbursements 1 For death claims less 500000 reinsur ance 10535722 additions 90519 106262 41 2 For matured endowments 3609200 ad ditions 800 36100 00 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes voided by lapse 6 Surrender values paid in cash 7 Surrender values applied to pay new premiums 54742 to pay renewal premiums 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums 11 Dividends applied to purchase paidup additions and annuities 12 Total paid policyholders 19154390 13 Expense of investigation and settlement of policy claims including 32500 for legal expense 15 Paid stockholders for interest or dividends 16 Commissions to agents less commission on reinsurance first years premiums 1399123 renewal premiums 1320180 annuities original 17732 18 Salaries and allowances for agencies including managers agents and clerks 19 Agency supervision traveling and all other agency ex penses 20 Medical examiners fees 259100 inspection of risks 38904 21 Salaries and all other compensation of officers direc tors trustees and home office employees 22 Rents received under sublease 125959 09 395 13 4091 67 437201 36 142362 41 6046 65 1195 38 20054 63 547 12 5706 31 14413 40 1217 70 340 00 6000 00 27370 35 3855 00 1638 51 2980 04 22583 52 75 00 422 ComptrollerGenerals Eeport 23 Advertising 94228 printing and stationery 69410 postage telegraph telephone and express 79419 2430 57 o T i 620 00 24 Legal expense 26 Insurance taxes licenses and department fees 3998 05 4 1 7 53 27 Taxes on real estate V 28 Repairs and expenses other than taxes on real estate 3874 59 30 Gross decrease in book value of ledger assets viz real estate 32 Fire insurance and premiums 67 80 33 Library bureau 734 47 34 Sundry expenses including telegrams telephone and express 1433 99 2246 26 40 Total disbursements 273804 72 IVLedger Assets 1 Book value of real estate 258071 63 2 Mortgage loans on real estate 150480 00 3 Loans secured by pledge of bonds stocks or other collateral 33709 90 4 Loans made to policyholders on this companys policies assigned as collateral 211906 00 5 Premium notes on policies in force of which about 85000 is for first years premiums 12240 33 Premium loans on policies issued under the name of loan policies 6323 y0 6 Book value of bonds excluding interest 190143415 and stocks 9533013 1996764 28 7 Cash in companys office 822 06 8 Deposited in trust companies and banks not on interest 51514 12 10 Agents balances 4047 24 11 Dividends due in January on bank stock etcl54920 deposit with Baltimore Equitable Society 20000 furniture 236889 open accounts judgments etc 13 92730 suspended accounts 12495 18170 34 2745050 70 Deduct agents and credit balances 1A11 64 12 Total ledger assets 2743939 06 NonLedger Assets 13 Interest accrued on mortgages 2508 62 14 Interest accrued on bonds 11107 80 15 Interest accrued on collateral loans 403 92 16 Interest due 41037 and accrued 267093 on premium notes policy loans or liens 3081 30 18 Rents due 54651 19 Total interest and rents due and accrued 17648 15 ComptrollebGeneral s Report 423 23 Gross premiums due and unreported on policies in force December 31 1907 18480 47 24 Gross deferred premiums on policies in force December 31 1907 21566 64 25 Totals 40047 11 26 Deduct loading 9210 84 27 Net amount of uncollected and deferred premiums 30836 27 33 Gross assets 2792423 48 Deduct Assets Not Admitted 35 Furniture fixtures and safes 36 Agents debit balances 39 Premium notes and loans on policies and net premiums in excess of the net value of their policies 40 Book value of ledger assets over market value viz bonds and stocks 41 Open accounts judgments and suspended accounts 14052 25 42 Less agents and credit balances deducted above 1111 64 2368 89 4047 24 90 00 66501 33 12940 61 43 Total 85948 07 44 Total admitted assets 2706475 41 IVLiabilities Net present value of all the outstanding policies in force on the 31st day of Dec 1907 as computed by the New York Insurance Dept on the following tables of mortality and rates of interest viz Actuaries table at 4 per cent on all business Same for reversionary ad ditions 5 Net present value of an nuities including those in reduction of prem iums Give tables and rates of interest viz actuaries table at 4 per cent interest 2371362 52 22036 59 2393399 11 48348 84 Total 2441747 95424 ComptrollerGenerals Report 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 53451 77 8 Net reserve 2388 296 IS 11 Claims for death losses due and unpaid 113 58 13 Claim for death losses which have been reported and no proofs received 6508 96 14 Claims for matured endowments due and unpaid 869 66 17 Total policy claims 19 Premiums paid in advance including surrender values so applied 21 Commissions due to agents on premium notes when paid 22 Commissions to agents due or accrued 24 Salaries rents office expenses bills and accounts due or accrued 25 Medical examiners and legal fees due or accrued 26 State county and municipal taxes due or accrued esti mated 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 31 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums ro otherwise dividends duo in first part of 1908 may be regarded as apportioned but they are not a liability as they are contingent on payment of premiums amount 263761 33 Total amount provisionally calculated for deferred dis tribution policies which have not yet reached the end of their distribution period 21478825 This sum is not a liability nor is it regarded as apportioned until the end of the distribution period stipulated in the respective policies 38 All other liabilities small cash surplus value balances 43 Capital stock 44 Unassigned funds surplus 7492 20 787 17 600 00 1093 2J 1224 00 150 00 1850 00 6326 89 118 35 100000 00 198437 03 45 Total liabilities 2706475 41CoMPTKOLLERGrENERAL s REPORT 425 Business in Georgia During 1907 No Amount Policies on the lives of citizens of said State in force December 31 1906 estimated 323 544945 00 Policies on the lives of citizens of said State issued increased and revived during 1907 paid for 79 106858 00 Total 402 651803 00 Deduct ceased to be in force and decrease during the year 21 32955 00 Policies in force December 31 1907 estimated 381 618848 00 Losses and claims incurred during the year 4 5250 00 Total 4 5250 00 Losses and claims settled during the year in cash 4 5250 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 16460 29 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY OF SPRINGFIELD MASS John A Hall President Wm H Sargent Secretary Home Office 413 Main St Springfield Mass Wm J Harty Savannah Attorney for Service in Georgia ICapital Stock 4 Extended at 41024900 88 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 295376 for first years reinsurance 691204 51 7 Total first years premiums on original policies 691204 51 8 Dividends applied to purchase paidup ad ditions and annuities 80500 85 12 Total new premiums 771705 36 13 Renewal premiums without deduction for commissions or other expenses less 139 34868 for reinsurance on renewals 5895405 47426 ComptrollerGenerals Report 14 Dividends applied to pay renewal prem iums 875141 79 17 Total renewal premiums 6770547 26 18 Total premium income 7542252 02 19 Consideration for supplementary contracts not involv ing life contingencies 164084 o4 21 Premium notes loans or liens restored by revival of policies 12087 77 22 Gross interest on mortgage loans 786815 08 24 Gross interest on bonds and dividends on stocks 818754 86 25 Gross interest on premium notes policy loans or liens 320063 19 26 Gross interest on deposits in trust com panies and banks 9799 78 27 Gross interest on other debts due the company 3993 22 28 Gross discount on claims paid in advance 452 45 29 Gross rent from companys property in cluding 600000 for companys occu pancy of its own buildings 14838 57 30 Total gross interest and rents 1954717 15 31 Profit on sale or maturity of ledger assets viz real estate 12663 93 Bonds 2761 07 Stocks 6 65 Other assets 15431 15 34 Profit and loss viz Taxes and expenses in connection with mortgage loans 1 01937 Advances to agents returned 44676 Sale of irrigation Co stock charged off years ago 750000 Sale of stock acquired through foreclosure of a mortgage 50000 dividend capitol Na tional Bank Guthrie Okla 099 policy loan restored by reason of increase in cash value 28000 s 9747 12 39 Total income 9698320 85 IIIDisbursements 1 For death claims less 5500000 reinsur ance 224047736 additions 19 30000 2259777 36ComptrollerGenerals Report 427 2 For matured endowments 27281600 ad ditions 684700 27966300 3 Net amount paid for losses and matured endowments 2539440 36 5 Premium notes voided by lapse and used in purchase of surrendered policies 49536 34 6 Surrender values paid in cash 588573 60 7 Surrender values applied to pay interest 1162 98 9 Dividends paid to policyholders in cash 31437 99 10 Dividends applied to pay renewal premiums 875141 79 10 Dividends allowed in 1907 and left with the com pany to accumulate at interest subject to the order of the policyholders 102212 6 11 Dividends applied to purchase paidup additions and annuities 80500 85 11 Dividends applied in payment of premium notes 61720 22 12 Total paid policyholders 4329727 59 13 Expense of investigation and settlemeent of policy claims including 7750 for legal expense 162 9 14 Paid for claims on supplementary contracts not involv ing life contingencies 98259 26 16 Commissions to agents less commission on reinsurance first years premiums 28273357 renewal premiums 39591230 678645 87 18 Salaries and allowances for agencies including managers agents and clerks 70588 16 19 Agency supervision traveling and all other agency expenses 14829 36 20 Medical examiners fees 5087850 inspection of risks 513486 56013 36 21 Salaries and all other compensation of officers directors trustees and home office employees 189046 52 22 Rent including 600000 for companys occupancy of its own buildings 51046 43 23 Advertising 1237983 printing and stationery 42 77939 postage telegraph telephone and express 26 83893 81998 15 24 Legal expense 1374 27 25 Furniture fixtures and safes 2032 99 26 Insurance taxes licenses and department fees 132769 81 27 Taxes on real estate 9572 93 28 Repairs and expenses other than taxes on real estate 9572 93 29 Gross loss on sale or maturity of ledger assets viz real estate 126500 bonds 3470000 35965 00 30 Gross decrease in book value of ledger assets viz real estate 2704800 bonds 5628800 83336 00 31 All other disbursements premiums on securities purchased 28636 21 32 Miscellaneous expenses 15527 79428 ComptrollerGenerals Report 34 Profit and loss viz Taxes and expenses in connection with mortgage loans 237364 commissions on bonds and real estate purchased and sold 129125 to settle a valid claim under an assignment which the company had been previously assured had been released 10000 fees on protested checks 402 agents debit balances 27786 cash deposited in Merchants National Bank Portland Ore closed 195654 6003 31 40 Total disbursements 5889372 15 IVLedger Assets 1 Book value of real estate unincumbered 2 Mortgage loans on real estate first liens 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force less 359335 given for reinsurance 6 Book value of bonds excluding interest 1922230725 and stocks 42296550 7 Cash in companys office 8 Deposited in trust companies and banks not on interest 9 Deposited in trust companies and banks on interest 10 Bills receivable 630042 35 17658882 02 5791212 00 821156 72 19645272 75 1961 15 359662 11 322656 74 3003 74 12 Total ledger assets 45233849 58 NonLedger Assets 13 Interest due 416800 and accrued 231 30681 on mortgages 235474 81 14 Interest accrued 29396141 on bonds and stocks 293961 41 16 Interest due 822892 and accrued 99 76959 on premium notes policy loans or liens 107998 51 17 Interest accrued on other assets 37 ig 18 Rents accrued on companys property 249 26 19 Total interest and rents due and accrued New Business 23 Gross premiums due and unreported on policies in force December 31 1907 less unreported premiums on reinsurance 637721 15 Renewals 4559 43 403162 16ComptrollerGeneral s Report 429 24 Gross deferred premiums on policies in force De cember 31 1907 less de ferred premiums on re insurance 25 Totals 26 Deduct loading 25 810 per cent 54457 31 723855 19 59016 74 1127017 35 15226 32 290770 48 27 Net amount of uncollected and deferred premiums 43790 42 836246 87 880037 29 33 Gross assets 46751608 02 Deduct Assets Not Admitted 38 Bills receivable 3003 74 40 Book value of ledger assets over market value viz Bonds and stocks963 90900 real estate 838608 972295 08 43 Total 975298 82 44 Total admitted assets 45776309 20 VLiabilities Net present value of all the outstanding policies in force on the 31st day of De cember 1907 as computed by the com pany on the following tables of mortal ity and rates of interest viz 1 Actuaries table at four per cent on policies issued prior to Jan 1 1901 32657097 00 Same for revisionary additions 470950 00 33128047 00 2 American experience table at three and one half per cent on policies issued from January 1 1901 to September 30 1907 both inclusive except a few joint life policies 9331360 00 Same for reversionary additions 252032 00 9583392 00 3 American experience table at three per cent on policies issued on and after October 1 1907 and joint life policies 83341 00 Same for reversionary additions 83341 00 5 Net present value of annuities including those in reduction of premiums viz American experience table and three per cent interest 4590 00 Total 42799370 00430 ComptrollerGenerals Report 6 Deduct net value of risks of this company reinsured in other solvent companies 668340 00 8 Net reserve 42131030 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 288858 16 12 Claims for death losses in process of ad justment or adjusted and not due 14317 00 13 Claims for death losses which have been reported and no proofs received 68433 00 14 Claims for matured endowments due and unpaid 769 00 15 Claims for death losses and other policy claims resisted by the company 11000 00 17 Total policy claims g 19 Premiums paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 24 Salaries rent office expenses bills and accounts due or accrued 25 Medical examiners and legal fees due or accrued 26 State county and municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 31 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise 35 Dividends apportioned payable to policyholders on de mand or at maturity of policy including 5543054 interest 36 Dividends apportioned payable to policyholders on pay ments of future premiums 44 TJnassigned funds surplus 45 Total liabilities Business in Georgia During 1907 No Policies on the lives of citizens of said State in force December 31 of previous year 3 492 Policies on the lives of citizens of said State issued during the year 407 Total Deduct ceased to be in force during the year 3899 209 94519 00 27919 99 258 07 750 44 12280 00 112476 33 174382 24 444215 64 471059 99 20674 00 1997885 34 45776309 20 Amount 7275405 00 912361 00 8187766 00 409247 00 ComptrollerGeneral s Report 431 Policies in force December 31 3690 7778519 00 Losses and claims unpaid December 31 of previous year 1 1000 00 Losses and claims incurred during the year 29 77948 00 Total 30 78948 00 Losses and claims settled during the year in cash 27 63948 00 Losses and claims unpaid December 31 3 15000 00 Premiums collected or secured in cash and notes or credit without any deduction for losses dividends commissions or other expenses 178315 21 METROPOLITAN LIFE INSURANCE COMPANY OP NEW YORK CITY John R Hegeman President James S Roberts Secretary Home Office 1 Madison Ave New York City Alexander 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 of previous year173406500 20 4 Extended at 173406500 20 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 9880915 28 7 Total first years premiums on original policies 9880915 28 8 Dividends applied to purchase paidup additions and annuities 87049 85 10 Consideration for original annuities in volving life contingencies 241029 37 12 Total new premiums 10208994 50 13 Renewal premiums without deduction for commissions or other expenses less 22 39968 for reinsurance on renewals 51652036 70 14 Dividends applied to pay renewal prem iums 2185951 91 17 Total renewal premiums 53837988 61 18 Total premium income 64046983 11432 CoMPTBOLLEB GeNEBAL g RePOBT 19 Consideration for supplementary contracts not involv ing life contingencies 22 Gross interest on mortgage loans 3024838 95 23 Gross interest on collateral loans 162403 15 24 Gross interest on bonds and dividends on stocks 3915656 07 25 Gross interest on premium notes policy loans or liens 137184 07 26 Gross interest on deposits in trust com panies and banks 126822 71 27 Gross interest on other debts due the com pany 20634 42 29 Gross rent from companys property in cluding 46894285 for companys oc cupancy of its own buildings 1169573 37 1470 00 30 Total gross interest and rents 8557112 74 31 Gross profits on sale or maturity of ledger assets viz real estate 5931 70 bonds 11587800 stocks 1250 other assets456093 32 Gross increase in book value of ledger assets viz bonds 347339 46 34 Taxes returned 34872 45 126383 13 39 Total income 73114160 89 IIIDisbursements 1 For death claims 1790993667 additions 284369 17912807 36 2 For matured endowments 31905522 ad ditions 150700 320562 22 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes voided by lapse 6 Surrender values paid in cash 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums 11 Dividends applied to purchase paidup additions and annuities 12 Total paid policyholders 2309815153 13 Expense of investigation and settlement of policy claims including 2475989 for legal expenses 14 Paid for claims on supplementary contracts not involving life contingencies 15 Paid stockholders for interest on dividends 16 Commissions to agents less commission on reinsurance first years premiums 221898179 renewal prem iums 616959404 annuities original 1085717 18233369 58 133010 45 25357 50 1011538 10 1421874 14 2185951 91 87049 85 28439 89 5285 00 140000 00 8399433 00ComptbollebGenebals Bepoet 433 17 Commuted renewal commissions 1338370 09 18 Salaries and allowances for agencies including managers agents and clerks 2864044 89 19 Agency supervision traveling and all other agency expenses 748326 36 20 Medical examiners fees 53976305 inspection of risks 35772540 897488 455 21 Salaries and all other compensation of officers directors trustees and home office employees 2624 in number 2510911 45 22 Kent including 46894285 for companys occupancy of its own buildings 792636 72 23 Advertising 15623511 printing and stationery 420 12033 postage telegraph telephone and express 165 99736 exchange and collections 2229992 764652 72 24 Legal expense 4016373 legislative expense 2068087 60844 60 25 Furniture fixtures and safes 39584 88 26 Insurance taxes licenses and department fees 935523 37 27 Taxes on real estate 15807371 on other investments 1201332 170087 03 28 Eepairs and expenses other than taxes on real estate 374811 69 29 Gross loss on sale or maturity of ledger assets viz Real estate 209593 bonds 528312 stocks 1874400 other assets shortage in agents accounts 195643 28088 48 30 Gross decrease in book value of ledger assets viz bonds 277598 94 32 Agents cash deposits etc returned 6097774 agents and clerks surety bonds 4118294 102160 68 33 Metropolitan staff savings fund 3646855 fire ins 3000 general home office expenses 28680086 323299 41 34 Gross interest mortgage loans 942755 bonds 45 91003 55337 58 35 Gross interest premium notes etc 60867 other debts due company 1421740 14826 07 40 Total disbursements 43969903 73 IVLedger Assets 1 Book value of real estate unincumbered 1906073924 incumbered 84494419 1990568343 2 Mortgage loans on real estate first liens 74620197 45 3 Loans secured by pledge of bonds stocks or other col lateral 3476500 00 4 Loans made to polieyholders on this companys policies assigned as collateral 5771922 09 5 Premium notes on policies in force of which 260250 is for first years premiums 780453 03 6 Book value of bonds excluding interest 8277185698 and stocks 992045974 92692316 72 28cg 434 ComptrollerGenerals Report 7 Cash in companys office 8650129 cash in transit 17172059 258221 8 Deposited in trust companies and banks not on interest 72784 9 Deposited in trust companies and banks on interest 4911869 10 Agents balances 3969762 supplies 501757 44715 11 Cash advanced to Co s Supts and Asst Supts to facilitate the payment of death claims 1552500 advanced for fire insurance premiums secured by mortgage56876 16093 S8 27 54 lJ 76 12 Total ledger assets 202550757 NonLedger Assets 13 Interest due 8497482 and accrued 97471156 on mortgages 1059686 14 Interest due 7189066 and accrued 1167505 25 on bonds 15 Interest accrued 5253630 on collateral loans 16 Interest due 2540438 and accrued 10836661 on premium notes policy loans or liens 17 Interest due 18 Rents due 1123317 and accrued 561605 on com pany s property or lease 19 Total interest and rents due and accrued 2502913 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 89074 81 900313 36 24 Gross deferred premiums on policies in force De cember 31 1907 1030344 21 3407062 52 1239395 91 52536 30 133770 99 675 00 16849 22 2502913 80 25 Totals 1119419 02 4307375 88 26 Deduct loading 223883 80 861475 18 27 Net amount of uncollected and deferred premiums 895535 22 3445900 70 4341435 02 Industrial premiums due and unpaid less 50 per cent 425831 33 29 Reserve on this companys policies reinsured by other solvent companies not transacting business in the State of New York 4839 00 33 Gross assets 209825777 41 Deduct Assets Not Admitted 35 Supplies stationery printed matter 5 01757 furniture fixtures and safes 5017 57 36 Agents debit balances 39697 62ComptrollerGeneral s Report 435 39 Premium notes and loans on policies and net premiums in excess of the net value of their policies 269009 65 40 Book value of ledger assets over market value 11191589 34 43 Total 11505314 18 44 Total admitted assets 198320463 23 VLiabilities 1 Actuaries table at 4 per cent on all issues up to January 1st 1901 99821437 00 Same for reversionary additions 69683 00 99891120 00 2 Actuaries table doubled at 4 per cent on issues up to January 1901 394458 00 Same for reversionary additions 26772 00 421230 00 3 American experience table at 3 per cent on all issues from January 1st 1901 to January 1st 1908 except as stated below 73827510 00 Same for reversionary additions 61480 00 73888990 00 4 Other tables of rates viz American experience table doubled 3y2 per cent January 1901 to January 1907 1003216 00 Same for reversionary additions 45489 00 Standard Industrial Mortality table 3 per cent issue of 1907 2700789 00 SubStandard Industrial Mortality table 3 per cent issue of 1907 155277 00 Intermediate mortality table 3 per cent intermediate policies issue of 1907 1342752 00 Special class mortality table 3 per cent special class policies issue of 1907 180426 00 5427949 00 5 Net present value of annuities including those in reduction of premiums Give tables and rates of interest viz Actuaries experience table 4 per cent interest 104210 00 American experience table 3 per cent interest 742071 00 McClintocks experience table 3 per cent interest 251719 00 1098000 00 Total 180727289 00436 ComptrollerGenerals Report 6 Deduct net value of risks of this company reinsured in other solvent companies 112967 00 8 Net reserve 180614322 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 44069 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 116170 34 12 Claims for death losses in process of ad justment or adjusted and not due 164936 89 13 Claims for death losses which have been reported and no proofs received 201251 03 15 Claims for death losses and other policy claims resisted by the company 46021 60 17 Total policy claims 19 Premiums paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 24 Salaries rents office expenses bills and accounts due or accrued 25 Medical examiners and legal fees due or accrued 26 State county and municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 31 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise 32 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1908 33 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies 36 Reserve or surplus funds not otherwise included in liabil ities special Massachusetts reserve i 40 Premiums subject to return 41 Deposit account real estate 5000000 other debits on open accounts 1979251 42 Agents cash deposits in lieu of bonds 43 Capital stock 44 Unassigned funds surplus 412209 52 146951 39 60850 70 15562 74 175187 54 11517 62 145583 05 469572 44 581041 00 184373 00 1161257 00 7845 24 69792 51 152259 00 2000000 00 11951899 14 45 Total liabilities198320 463 23 CoMPTROLLEKGrENEBAL s BEPORT 437 Business in Georgia During 1907 No Amount Polices on the lives of citizens of said State in force December 31 of previous year 84025 12306636 00 Policies on the lives of citizens of said State issued during the year 31782 4619265 00 Total 115807 16925901 00 Deduct ceased to be in force during the year 23317 3532555 00 Policies in force December 31 92490 13393346 00 Losses and claims unpaid December 31 of prev ious year 4 415 75 Losses and claims incurred during year 1423 130672 34 Total 1427 131088 09 Losses and claims settled during the year 1419 130600 09 Losses and claims unpaid December 31 8 488 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 430342 68 MERIDIAN LIFE AND TRUST COMPANY INDIANAPOLIS IND Arthur Jordan President Thomas J Owens Secretary Principal Office Indianapolis Ind E C Lester Atlanta Ga Attorney for Service in Georgia ICapital Stock 1 Amount of net or ledger assets December 31 of previous year 886774 36 Extended at 886774 36 IIIncome During Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses V 6149 49 y2 Cash received for renewal premiums without deductions for commissions or other expenses 173102 03 2 Premium notes loans or liens taken in part payment for renewal premiums 128349 53438 CoMPTROLLERGrENERAls REPORT 3 Prom dividends applied to pay running premiums 21059 14 Total 398660 19 6 Deduct amount of premiums paid to other companies for reinsurance on policies m this company new business 67631 re newals 54359 1219 90 7 Total premium income 8 Cash received for interest on mortgage loans 10 Received for interest on premium notes loans or liens and policy loans 13 Cash received for rents for use of companys property 19 From all other sources viz Inspection of loans Total income IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 39405 23 7 Total net amount actually paid for losses 9 Premium notes loans or liens used in purchase of sur rendered policies 10630712 voided by lapse 96847 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 13 Surrender values paid in cash Total paid policyholders 16970913 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 5338550 renewals 133957 18 Cash paid for salaries and allowances to managers and agents including traveling expenses 19 Cash paid for medical examiners fees 643300 inspec tion of risks 98182 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums and renewals 22 Cash paid for taxes on reserves and investments 23 Cash paid for insurance department fees agents licenses and municipal licenses 24 Cash paid for rent 27 Cash paid for advertising 100513 printing 227528 postage 100304 28 Cash paid for real estate epenses other than taxes 228 for legal expenses 53710 29 Cash paid for the following items viz Exchange and discount 5725 office supplies 15252 397440 29 9120 42 r 31635 26 32 00 42 50 438270 47 39405 23 107275 59 687 41 21059 14 1281 76 54725 07 20476 38 7414 82 17980 94 593 38 134 22 986 40 1742 00 3776 21 539 38 209 77 ComptrollerGenerals Report 439 Telegraph and telephone 13222 dray and express 10371 actuary services 50500 light 7755 Total miscellaneous expenses 1143 82 30 Total disbursements 279431 52 5 7 8 9 10 13 14 17 23 24 25 26 IVAssets as Per Ledger Accounts Cost value of real estate exclusive of all ineumbrances Loans on Mortgage first liens on real estate Premium notes for single premiums taken under insurance law of 1852 Loans made in cash to policyholders on this companys policies assigned as collateral secured by terms of com pany loan agreement Premium notes loans or liens on policies in force Cash in company s office Cash deposited in banks Bills receivable Agents ledger balances of which 145240 was advanced during the year Furniture and fixtures Mileage rebate Total net or ledger assets less depreciation Other Assets Interest due 37778 and accrued 4 91096 on mortgages 5288 74 Interest accrued 1632vl7 on premiums notes loans or liens 16327 17 600 00 251339 18 93259 56 667933 69 27 68 904 00 14025 69 853 02 13023 92 3596 57 50 00 1045613 31 Total carried out New Business Renewals Gross premiums due and unreported on policies in force December 31 1907 34536 50 28133 94 Gross deferred premiums on policies in force De cember 31 1907 479 43 3574 03 21615 91 Totals 35015 93 31707 97 Deducting loading 60 per cent on new and 20 per cent on renewals 21009 56 6341 59 Net amount of uncollected and deferred premiums 14006 37 25366 38 Supplies stationery printed matter 27 28 Total assets 39372 75 1464 62 1108066 59440 CompteolleeGenebals Repoet Items Not Admitted 2 Furniture fixtures and safes 3596 57 3 Single premium notes 93259 56 5 Agents balances 13023 92 6 Mileage rebate 50 00 7 Bills receivable 853 02 8 Supplies printed matter and stationery 1464 62 9 Total 10 Total assets less items not admitted 995818 90 VLiabilities 112247 69 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to the Actuaries Table of Mortality with four per cent interest and American 3 Deduct net value of risks of this company reinsured in other solvent companies 933352 37 499 93 Net reinsurance reserve 932 852 44 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 10000 00 6 Claims for death losses and other policy claims resisted by the company 1000 00 Total policy claims 11000 00 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 2 671 50 11 Amount of deferred and uncollected premiums in excess of net value of their policies 13320 08 12 Amount of National State or other taxes due 417 42 13 Amount due on account of salaries rents and office ex penses 578 59 16 Amount of any other liability of the company viz Premiums paid in advance 2792 94 Interest paid in advance 217 37 17 Liabilities on policyholders account 963850 34 18 Gross surplus on policyholders account 144216 25 19 Total liabilities 1108066 59 CoMPTBOLLERGrENEKAL s REPORT 441 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 272 749500 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 729 1534 714 00 Total 1001 2284214 00 Deduct amount and number which have ceased to be in force during the year 199 529600 00 Total number and amount of policies in force in Geor gia December 31 1907 802 1754614 00 Amount of losses and claims on policies in Georgia incurred during the year 4 11000 00 Amount of losses and claims on policies in Georgia paid during the year 2 6000 00 Amount of premiums collected during the year in cash 3732861 MICHIGAN MUTUAL LIFE INSURANCE COMPANY OF DETROIT MICHIGAN O R Looher President A F Moon Secretary Principal Office 150 Jefferson Avenue Detroit Michigan F L Woodruff Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 250000 00 Amount of net or ledger assets Decem ber 31 of previous year 9584173 83 Extended at 9584173 83 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 159315 78 lYz Cash received for renewal premiums without deductions for commissions or other expenses 1282931 97 2 Premium notes loans or liens taken in part payment for renewal premiums 133065 49 3 From dividends applied to pay running premiums 13686 09 3 From dividends applied to purchase paidup additions and annuities 6522 29 442 Comptroller General s Report From surrender values applied to pay running premiums 524 48 6 Total 1596046 10 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 21955 re newals 1480080 total 15020 35 9 10 11 12 13 14 Total premium income Cash received for interest on mortgage loans Gash received for interest on bonds owned Cash received for interest on premium notes loans or liens Cash received for interest on other debts due the com pany Cash received as discount on claims paid in advance Rents Cash received for profits on sales of real estate 1581025 75 409084 02 1500 00 69114 51 5095 66 434 64 13607 31 515 00 Total income 2080376 89 IIIDisbursements for the Year 1907 10 11 12 13 14 15 Cash paid for death claims including re visionary additions 651610 07 Cash paid for matured endowments and additions thereto 282109 06 Cash paid for sums falling due during the year on installment policies 3350 00 Total 937069 13 Deduct amount received from other com panies for losses on claims on policies of this company 10000 00 Total net amount actually paid for losses and matured endowments 927069 13 Premium notes loans or liens voided by lapse 3986 27 Cash dividends paid policyholders 11600 59 Cash dividends applied to pay running premiums 13686 09 Cash dividends applied to purchase paidup additions and annuities 6522 29 Surrender values paid in cash 153813 31 Surrender values applied to pay running premiums 524 48 Surrender values applied to pay notes on defaulted poli cies 27893 56 Surrender values applied to pay interest on notes of de faulted policies 472 28 CoMPTROLLERGrENERAL s EePOET 443 Total paid policyholders 114556800 Claims on supplementary contracts not involving 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 1255507 renewals 9976516 total 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1444600 in spection of risks 205216 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 21 Cash paid for taxes on new premiums 408444 on re newals 2230192 total 22 Cash paid for taxes on investments 23 Cash paid for insurance department fees and agents licenses 176141 municipal licenses 481897 total 24 Cash paid for rent 25 Investment expenses 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 179213 printing 827978 postage 486034 total 28 Cash paid for real estate expenses other than taxes 515571 for legal expenses 1013871 total 29 Cash paid for the following items viz Profit and loss General expenses office supplies subscriptions etc Total miscellaneous expenses 459 93397 Total disbursements 1166 66 25000 00 212320 23 39307 44 16498 16 63255 01 26386 36 5608 46 6580 38 11586 72 6537 53 755 32 14932 25 15294 42 8830 69 5874 34 30 1605501 97 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 4 2 Loans on mortgage first liens on real estate 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force 6 Cost value of bonds owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances Amount deposited to secure appeal Robert J Carey policy claim No 19886B Entered in liabilities as resisted claim 248396 41 8242379 02 20000 00 1227176 96 80589 53 25000 00 24720 07 180257 68 9929 08 600 00 13 Total net or ledger assets less depreciation 10059048 75444 ComptrollerGenerals Report Other Assets 14 Interest due 2066849 and accrued 11348575 on mortgages 134154 24 15 Interest accrued on bonds and stocks 250 00 16 Interest accrued on collateral loans 128 76 17 Interest due 817362 and accrued 9 63972 on premiums notes loans or liens 17813 34 19 Rents accrued on companys property or lease 1142 00 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business Renewals 153488 34 10714 64 1750 00 23 Gross premiums due and unreported on policies in force December 31 1907 24 Gross deferred premiums on policies in force De cember 31 1907 14764 19 47312 87 5398 51 103608 30 Totals 25 Deducting loading 20162 70 150821 17 12670 07 30127 75 26 Net amount of uncollected and deferred premiums 7492 63 120693 42 128186 05 28 Total assets 10353187 78 Items Not Admitted 5 Agents balances unsecured Total 2227 92 2227 92 9 Total assets less items not admitted 10350959 86 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries table of mortality with four per cent interest and American 3 per cent from January 1st 1903 9842991 19 Deduct net value of risks of this com pany reinsured in other solvent com panies 48866 00 Net reinsurance reserve 9794125 19ComptrollerGenerals Report 445 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 572 23 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 44001 78 6 Claims for death losses and other policy claims resisted by the company 4925 00 8 Present value of unpaid amounts on ma tured installment policies face 68 78334 51524 41 Total policy claims 100451 19 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 420 27 12 Amount of National State or other taxes due 714 46 13 Amount due on account of salaries rents and office ex penses 2667 35 16 Amount of any other liability of the company viz Premiums paid in advance 1204610 deposit amount 199363 total 14039 73 Interest paid in advance 25927 02 17 Liabilities on policyholders account 9938917 44 18 Gross surplus on policyholders account 412042 42 19 Total liabilities 10350959 86 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force Dec 31 of previous year1054 1681800 20 Number and amount of policies on the lives of citizens of Georgia issued during the year 372 884169 14 Total 1426 2565969 34 Deduct number and amount which have ceased to be in force during the year 302 685250 93 Total number and amount of policies in force in Geor gia December 31 19071124 180718 41 Amount of losses and claims on policies in Georgia incurred during the year 10 20099 33 Amount of losses and claims on policies in Georgia paid during the year 10 20099 33 Amount of premiums collected during the year in cash 5266218 notes or credits 630348 total 5896566446 ComptrollerGeneral s Report MISSOURI STATE LIFE INSURANCE COMPANY OF ST LOUIS MISSOURI Edmund P Melson President B R Nueske Secretary Principal Office Suite 410425 Chemical Building St Louis Mo Clifford L Anderson Atlanta Attorney for Service in Georgia ICapital Stock stock 100000 00 1 Amount of capital paid up in cash Amount of net or ledger assets Decem ber 31 of previous year Extended at 905759 06 905759 06 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 1 Cash received for renewal premiums without deductions for commissions or other expenses 3 From dividends applied to pay running premiums 3 From dividends applied to purchase paidup additions and annuities 4 From surrender values applied to pur chase paidup insurance and annuities 278694 72 368641 84 347 10 33 33 1335 95 Total 649052 94 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 662675 renewals 341876 total 10045 51 7 Total premium income 639 007 43 8 Cash received for interest on mortgage loans 29778 97 9 Cash received for interest on bonds owned 400 00 10 Cash received for interest on premium notes loans or liens 20379 98 11 Cash received for interest on other debts due the com pany 4913 58 17 Premium notes loans or liens restored by revival policies 783 38 19 From all other sources 100 30 695363 64 Total income IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 111756 08 Total 111756 08ComptrollerGenerals Report 447 7 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 26 27 28 29 Total net amount actually paid for losses and matured endowments Premium notes loans or liens used in purchase of sur rendered policies 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 purchase paidup insurance and annuities Total paid polieyholders 161555 48 Cash paid stockholders for interest on dividends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 18634144 renewals 1624874 total Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 1409950 in spection of risks 446423 total Cash paid for salaries and all other compensation of of ficers and other home office employeesT Cash paid for taxes on new premiums Cash paid for specific license tax 11000 on invest ments 166834 total Cash paid for insurance department fees and agents licenses 397291 municipal licenses 53780 Cash paid for rent Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 92745 printing 400543 postage 225000 total Cash paid for legal expenses Cash paid for the following items viz Collection of Premiums Incidental office expense 214765 agents accounts written off 851042 total Total miscellaneous expenses 313129 85 30 Total disbursements IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 594875 77 4 Loans made in cash to policyholders on this companys policies assigned as collateral 368392 16 5 Premium notes loans or liens on policies in force received during the year 14811 92 111756 08 34637 00 129 91 347 10 33 33 13316 11 1335 95 8000 00 202590 18 17221 38 18563 73 27666 34 3942 25 1778 34 4510 71 6386 75 1739 35 7182 88 2012 06 877 81 10658 07 474685 33448 ComptrollerGenerals Eeport 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 10100 00 7 Cash in companys office 4694 05 8 Cash deposited in banks and Trust Com panies 72681 20 9 Bills receivable 1197 81 10 Agents ledger balances 59684 46 13 Total net or ledger assets less depreciation 1126437 37 Other Assets 14 Interest due 889583 and accrued 18 73021 on mortgages 27626 04 15 Interest accrued on bonds and socks 200 00 17 Interest accrued on premiums notes loans or liens 8802 25 18 Interest accrued on other assets 1 68 policies in force December 31 1907 38686 15 Total carried out 336629 97 23 Gross premiums due and unreported on policies in force December 31 1907 38686 15 24 Gross deferred premiums on policies in force December 31 1907 38525 98 Totals 77212 13 25 Deducting loading 14432 93 26 Net amount of uncollected and deferred premiums 62779 20 27 Furniture fixtures and safes 6000 00 28 Total assets 1231846 54 Items Not Admitted 2 Furniture fixtures and safes 6000 00 5 Agents balances 59684 46 7 Bills receivable 1197 81 Premium notes and loans on policies and net premiums in excess of the net value of their policies 24920 90 Total 91803 17 9 Total assets less items not admitted 1140 043 37 ComptbollebGenebal s Bepobt 449 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of Dec 1907 computed according to the Actu aries table of mortality with 4 per cent interest 932117 00 Deduct net value of risks of this company reinsured in other solvent companies 3266 00 Net reinsurance reserve 928851 00 5 Claims for death losses and matured en dowments in process of adjustment or ad justed and not due 5216 00 6 Claims for death losses and other policy claims resisted by the company 2000 00 Total policy claims 7216 00 12 Amount of national State or other taxes due or accrued 3 811 02 13 Amount due on account of salaries rents and office ex penses and medical examination fees 1 056 24 16 Amount of any other liability of the company viz Prem iums paid in advance 4 ggy 17 Unearned interest paid in advance 96326 commissions due agents 36284 j 326 10 17 Liabilities on policy holders account 946927 58 18 Gross surplus on policyholders account 193 115 79 19 Total liabilities 1 140 043 37 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 338 538798 75 Xumbe r and amount of policies on the lives of citizens of Georgia issued during the year 83 100028 48 Total 421 638827 23 Deduct number and amount which have ceased to be in force during the year 151 265112 00 Total number and amount of policies in force in Geor gia December 31 1907 270 373715 23 Amount of losses and claims on policies in Georgia incurred during the year 2 7830 97 Amount of losses and claims on policies in Georgia paid during the year 2 7830 97 Amount of premiums collected during the year 1471830 29cg 450 CompteolleeGenebals Repoet mutual life insurance company of newark new jersey Frederick Frelinghuysen President J William Johnson Secretary Principal Office 752 Broad Street Newark New Jersey Clarence V Angier Atlanta Attorney for Service in Georgia ICapital Stock Amount of net or ledger assets Decem ber 31 of previous year101801067 37 Extended at 101801067 37 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 1838398 20 IY2 Cash received for renewal premiums without deductions for commissions or other expenses 11762741 36 2 Premium notes loans or liens taken in part payment for premiums on new pol icies 20334 04 2 Premium notes loans or liens taken in part payment for renewal premiums 882989 70 3 From dividends applied to pay running premiums 1499396 87 3 From dividends applied to purchase paidup additions and annuities 406226 40 4 From surrender values applied to pay run ning premiums 11122 93 5 Consideration for annuities other than matured installment policies 243220 63 Total 16664490 13 7 Total premium income 16664430 13 8 Cash received for interest on mortgage loans 2559643 33 9 Cash received for interest on bonds owned and dividends on stock 1260367 22 10 Cash received for interest on premium notes loans or liens and collateral loans 1026923 68 11 Cash received for interest on other debts due the com pany and on deposits in banks 21432 62 12 Cash received as discount on claims paid in advance 1474 17 13 Cash received for rents 128326 41 14 Cash received for profits on sales of bonds or stocks 600088 real estate 766357 total 13664 45 Total income 21676262 01ComptrollerGenerals Report 451 HIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 5203835 08 2 Premium notes loans or liens used in pay ment of the same 128283 28 3 Cash paid for matured endowments and additions thereto 1352070 19 4 Premium notes loans or liens used in the payment of same 50 618 93 5 Cash paid for sums falling due during the year on installment policies 77 943 79 Total 6812751 27 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants New Business Renewals 9 Premium notes loans or liens used in purchase of sur rendered policies 23908188 voided by lapse 11 38863 less 12874 restored by revival 9y2 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 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums Total paid policyholders 11135673 35 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 722361 68 renewals 88088165 total 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 12156100 in spection of risks 249940 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 21 Cash paid for taxes on premiums 16827260 on fran ehise 4706974 total 22 Cash paid for taxes on reserves 2201338 on invest ments 17026621 real estate 4531252 23 Cash paid for insurance department fees and agents licenses 1296502 municipal licenses 658089 25 Cash paid for commuting commissions 27 Cash paid for advertising 4008522 printing 22 12481 postage etc 4566209 6812751 27 168434 70 250470 51 6471 03 333831 96 1492925 84 406226 40 1653282 06 11279 58 1603243 33 67009 78 124060 40 384573 19 215342 34 237592 11 19545 91 4425 00 107872 12452 ComptbollebGenebais Repobt 28 Cash paid for real estate expenses other than taxes 3041847 for legal expenses 4005759 70476 06 29 Cash paid for the following items viz Mortgage loan expenses 12170418 loss on sale of real estate 8 47539 total 130179 57 Miscellaneous office expenses 8886010 premiums on bonds purchased 12641798 agency loss 9434 215372 42 Total miscellaneous expenses 3044704 52 30 Total disbursements 14315365 58 IVAssets as Per Ledger Accounts Book value of real estate exclusive of all incumbranees 3661921 85 Loans on mortgage first liens on real estate 53859708 33 Loans secured by pledge of bonds stocks or other mar ketable collaterals 1183550 00 Loans made in cash to policyholders on this companys policies assigned as collateral or secured by terms of policy 13628697 10 Premium notes loans or liens on policies in force of which 1959700 was received during the year 5157557 54 Book value of bonds and stocks owned excluding accrued interest at time of purchase 30385090 71 Cash in companys office 9115 25 Cash deposited in banks 1234215 08 Agents ledger balances 42107 94 1 2 3 4 5 6 7 8 10 11 12 13 14 15 16 17 Total net or ledger assets as per balance above109161963 80 Deduct depreciation for market value of bonds under book 680695 22 Total net or ledger assets less depreciation108481268 58 Other Assets Interest due 3598861 and accrued 1 24998898 on mortgages 1285977 59 Interest accrued on bonds and stocks 265559 60 Interest on collateral loans 50 00 Interest accrued on premiums notes loans or liens 447139 09 Total carried out 1998726 28 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 183467 68 593473 32ComptrollerGeneral s Report 453 24 Gross deferred premiums on policies in force De cember 31 1907 143084 12 936805 89 Totals 326551 80 1530279 21 25 Deducting loading 3827 per cent on new and 20 per cent on renew als to reduce renewals to net 124971 37 306055 84 26 Net amount of uncollected and deferred premiums 201580 43 1224223 37 1425803 80 28 Total assets as per the books of the company111905798 66 Items Not Admitted 5 Agents balances 42107 94 Total 42107 94 9 Total assets less items not admitted111863690 72 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries American and McClintock tables of mortality with four 3 and 3y2 per cent interest102404872 00 Net reinsurance reserve 4 Claims for matured endowments due and unpaid 5 Claims for death losses in process of ad justment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company S Present value of unpaid amounts on ma tured installment policies face 583 92498 102404872 00 31469 00 190313 70 37500 00 446405 06 9 Claims for death losses no proofs received estimated 300000 00 Total policy claims 1005687 76 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 347257 54 12 Amount of National State or other taxes due or accrued 250000 00 13 Amount due on account of salaries rents and office ex penses 25000 00 454 ComptrollerGenerals Eepoet 16 Amount of any other liability of the company viz Premiums paid in advance 8398732 dividends pay able in 1908 247609465 total 2560081 97 Unearned interest 3383640 deferred death claims 19761343 deferred endowment claims 33215311 563602 94 Commissions to agentsdue and accrued 487147 med ical examiners and legal feesdue and accrued 48 93500 total 53806 47 17 Liabilities on policyholders account107210308 68 18 Gross surplus on policyholders account 4653382 04 19 Total liabilities 111863690 72 21 Estimated surplus accrued on all other policies 465338204 Business in the State of Georgia During the Year 1907 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 4998 10367670 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 983 1896084 00 Total 5981 12263754 00 Deduct number and amount which have ceased to be in force during the year 545 1057910 00 Total number and amount of policies in force in Georgia December 31 1907 5436 11205844 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 3 13667 00 Amount of losses and claims on policies in Georgia incurred during the year 63 130633 00 Total 66 144300 00 Amount of losses and claims on policies in Georgia paid during the year 62 124133 00 Amount of premiums collected in Georgia during the year 36866815 MODEEN BROTHERHOOD OP AMERICA T B Hanley President E L Balz Secretary Home Office Mason City Iowa IBalance Sheet Amount of net ledger assets December 31st of previous year 498607 40 ComptrollekGenebal s Report 455 IIIncome During the Year 2 Dues for expenses per capita tax etc 157954 40 3 Assessments Mortuary 66235465 re serve 6654960 total 728904 25 Suspense fund being money received and deposited in bank but not distributed to the different funds account audit of reports not completed 17465 48 Total paid by members 904324 13 5 Interest 18681 81 6 From all other sources viz Supplies sold 10555 13 Field and Working Fund 39704 78 Miscellaneous 6744 92 Total income during the year 980010 77 Sum of both amounts 1478 618 17 IIIDisbursements During Year 1 Death claims 67347691 permanent dis ability claims 662500 total 680101 91 2 Accident 21418 00 Total paid to members or applicants 701519 91 4 Commissions fees and salaries paid or al lowed to agents for organization of sub ordinate bodies 116287 53 6 Salaries of officers 7600 00 7 Salaries and other compensation of office employees 20288 27 9 Rent and light 223633 advertising and printing supplies for use 927941 11515 74 10 Postage express and telegraph 757774 legal expenses 326292 supplies for resale 897875 official publication 922438 insurance departments 1 25555 miscellaneous 293992 mileage and per diem board of directors 7 08342 bonds local officers 1540202 Inv claims and loans 272107 fur niture and fixtures 205808 mileage and expenses 126614 total 47909 99 Total expenses 20360153 Total disbursements 905121 44456 ComptrollerGenerals Report IVLedger Assets 2 Mortgage loans on real estate first liens 496250 00 4 Face value of bonds excluding interest and stocks owned absolutely 39499 99 6 Cash deposited in bank2 per cent daily balances 37746 74 7 Total 573496 73 Deduct Ledger Liabilities 9 Total net ledger assets 573496 73 10 Mortuary 35772 75 11 Reserve 500351 35 12 Suspense 17465 48 13 Expense 19907 15 VNonLedger Assets 14 Interest due 10200 and accrued 16 53356 on mortgages 16635 56 18 Market value of bonds not including in terest and stocks over book value 2 240483 not carried out 19 Mortuary assessments due on last call made within six days on insurance force 62000 00 21 Other items Reserve fund per capita tax supplies etc 29616 60 Total nonledger assets 108252 16 Gross assets 681748 89 Total admitted assets 681748 89 VINonledger Liabilities 4 Losses on post mortem certificates and adjusted 65625 resisted 21050 86675 00 5 Salaries rents expenses taxes bills ac counts fees etc due and accrued 3146 09 Total liabilities 89821 09ComptrollerGenerals Report 457 NATIONAL LIFE INSURANCE COMPANY OF MONTPELIER VERMONT Joseph A DeBaer President Osmar D Clark Secretary Principal Office 116 State Street Montpelier Vermont Geo M Hope Co Atlanta Attorneys for Service in Georgia ICapital Stock Amount of net or ledger assets Decem ber 31 of previous year 36149037 13 Extended at 36149037 13 IIIncome During the Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 475229 77 1 Cash received for renewal premiums without deductions for commissions or other expenses 4515953 29 2 Premium notes loans or liens taken in part payment for renewal premiums 397660 62 3 From dividends applied to pay running premiums 135929 70 ZVz From dividends applied to purchase paidup additions and annuities 9498 67 4 From surrender values applied to pay run ning premiums 1232 81 5 Consideration for annuities other than matured installment policies 387248 80 Total 5922753 66 7 Total premium income 5922753 66 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany Cash received for interest on deposits in trust companies and banks 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property including 7000 for companys own occupancy 14 Cash received for profits of bonds or stocks 400462 real estate 575 all other 1487775 total 757157 67 623003 99 300231 33 10647 93 17913 54 067 24 42690 06 19457 37458 ComptbolleeGeneeals Repobt 39 From all other sources viz Profit from policy loan and premium notes repaid from claims 179217 profit from extra dividends N E Loan Trust Co settle ment 306 profit from agency adjustment 129426 3089 49 Total income 7698012 28 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re visionary additions 1601342 52 2 Premium notes loans or liens used in pay ment of the same 27353 40 3 Cash paid for matured endowments and additions thereto 483212 03 5 Cash paid for sums falling due during the year on installment policies 5993 21 Total 2117901 16 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 9 Premium notes loans or liens used in payment of divi dends to policyholders 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums Total paid policyholders 3356953 90 Paid for claims on supplementary contracts not involv ing life contingencies 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 21896006 renewals 34018097 annuities 1938602 total 18 Cash paid for salaries and allowances to managers and agents 19 ash paid for medical examiners fees 4105650 inspec tion of risks 403191 total 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 21 Cash paid for taxes on new premiums 1412794 on re newals 9491115 total 22 Cash paid for taxes on reserves 3570527 on invest ments 18242 total 23 Cash paid for insurance department fees and agents licenses 353690 municipal licenses 311299 total 2117901 16 253428 65 129227 38 12 14 76945 69 135929 70 9498 67 632777 70 1232 81 4701 00 578527 05 71282 40 45088 41 131938 59 109039 09 35887 69 6649 89ComptrollerGenerals Report 459 24 Cash paid for rent including 7000 companys occu pancy less 15166 received under sublease 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 3104936 printing and sta tionery 1127287 postage telegrams and express 2461989 total 28 Cash paid for real estate expenses other than taxes 1613348 for legal expenses 104591 29 Cash paid for the following items viz Taxes on real estate 835490 travel 1569372 investment ex penses 2542473 Premium on bonds 939793 profit and loss 2265227 Total miscellaneous expenses 121073265 48067 80 13905 67 66942 12 17179 39 49473 35 32050 20 30 Total disbursements 4567686 55 IV Assets as Per Ledger Accounts 1 Book value of real estate exclusive of all incumbrances 551700 00 2 Loans on Mortgage first liens on Real Estate 16506716 21 4 Loans made in cash to policyholders on this companys policies assigned as collateral 4910654 13 5 Premium notes loans or liens on policies in force 1483941 93 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase 15512425 00 7 Cash in companys office 673 72 8 Cash deposited in banks 311089 30 9 Bills receivable 1810 73 10 Agents ledger balances 351 84 11 Net ledger assets as per balance above 39279362 86 Other Assets 14 Interest due 595945 and accrued 336 71905 on Mortgages 342678 50 15 Interest accrued 22375918 on bonds and and stocks 17 Interest due 1942102 and accrued 16902359 on premiums notes loans or liens 18 Interest accrued 55200 on other assets 19 Rents due 24320 and accrued 102391 on companys property or lease 22d759 18 188444 61 552 00 1267 11 Total carried out 756701 40 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907j 38080 24 344141 65460 ComptrollerGenerals Report 24 Gross deferred premiums on policies in force De cember 31 1907 Totals 25 Deducting loading 20 per cent on new and 20 per cent on renewals 45549 28 433392 62 83629 52 777534 27 16725 90 155506 85 26 Net amount of uncollected and deferred premiums 66903 62 622027 42 688931 04 27 Annuity considerations due and unreported net 20022 37 28 Total assets as per the books of the company 40745017 67 Items Not Admitted 5v Agents balances 351 84 7 Bills receivable 1810 73 8 Book value of bonds over market value 337914 00 Total 340076 57 40404941 10 9 Total assets less items not admitted VLiabilities 1 Net present value of all the outstanding policies in force one the 31st day of December 1907 computed accord ing to The Actuaries Table of Mortality with four per cent interest 35286900 24 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 3 Claims for matured endowments due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on annuity claims 8 Present value of unpaid amounts on ma tured installment policies face 89 06996 35 84 2073 00 57316 28 2000 00 6936 21 76157 85 Total policy claims Due and unpaid on supplementary contracts not involv ing life contingencies 144518 98 30 00ComptrollerGenerals Report 461 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 9992 23 12 Surrender values claimable on surrendered policies 5724 79 13 Amount of National State or other taxes due and amount due on account of salaries rents and office expenses 154605 45 16 Amount of any other liability of the company viz Premiums paid in advance 1551145 unearned inter est and rent 53342 16044 87 Life rate endowment reserve 23896981 commissions due agents 92000 239889 81 17 Liabilities on policyholder s account 18 Gross surplus on policyholders account 19 Total liabilities 20 Estimated surplus accrued on Tontine or other policies the profits upon which are especially reserved for that class of poli cies 3524865 72 21 Estimated surplus accrued on all other policies 1022369 01 Business in Georgia During 1907 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1476 Number and amount of policies on the lives of citi zens of Georgia issued during the year 851 35857706 37 4547234 73 40404941 10 Total 2327 Deduct number and amount which have ceased to be in force during the year 472 Total number and amount of policies in force in Georgia December 31 1907 1855 Amount of losses and claims on policies in Georgia incurred during the year 31 Amount of Losses and claims on policies in Georgia paid during the year 31 Amount of premiums collected or secured in Georgia during the year without any deduction for losses dividends com missions or other expenses cash 8942770 notes or cred its 849907 total Amount 2971696 90 1941721 06 4913417 96 1119453 80 3793964 16 62661 00 62661 00 97926 77462 ComptrollerGenerals Report new england mutual life insueance company of massachusetts Benjamin F Stevens President D F Appel Secretary Home Office 87 Milk Street Boston Mass Thomas B Lumpkin Atlanta Attorney for Services in Georgia 1Capital Stock 1 Amount of capital paid up in cash 40654066 39 4 Extended at 40654066 39 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses for first years reinsur ance 530123 51 6 Surrender values applied to pay first years premiums 482 45 7 Total first years premiums on original policies 530605 96 8 Dividends applied to purchase paidup ad ditions 171134 55 9 Surrender values applied to purchase paid up insurance 9 791 25 11 Consideration for supplementary contracts involving life contingencies 1 059 00 12 Total new premiums 712 590 76 13 Renewal premiums without deduction for commissions or other expenses for re insurance on renewals 5429301 63 14 Dividends applied to pay renewal prem iums 648278 92 15 Surrendered values applied to pay renewal premiums 24381 08 16 Renewal premiums for deferred annuities 6101 961 63 17 Total renewal premiums 6 814 552 39 19 Consideration for supplementary contracts not involving life contingencies 28 094 00 22 Gross interest on mortgage loans 480685 45 23 Gross interest on collateral loans 63610 93 24 Gross interest on bonds and dividends on stocks 1014055 33 25 Gross interest on premium notes policy loans or liens 226 913 81 B ComptrollerGeneral s Report 463 26 Gross interest on deposits in trust com panies and banks 8178 45 28 Gross discount on endowment claims paid in advance 2584 52 29 Gross rent from companys property in cluding 3613800 for companys oc cupancy of its own buildings 208132 06 30 Total gross interest and rents 31 Gross profits on sale or maturity of ledger assets viz 2004160 55 4700 63 10613 00 35652 53 50966 98 18562 16 31 Gross increase in book value of ledger assets viz 93 98 00 93 34 36 Taxes and fire insurance on mortgage loans Dividend on Fall River Gas Works 12062 58 6500 00 f8 30 8916434 61 IIIDisbursements 1 For death claims 234073916 additions 2774300 2368 482 16 2 For matured endowments 43007300 additions 505800 435331 00 3 Net amount paid for losses and matured endowments 5 Premium notes voided by lapse 70000 6 Surrender values paid in cash 7 Surrender values applied to pay new premiums 48245 to pay renewal premiums 2438108 8 Surrender values applied to purchase paidup insurance 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums 11 Dividends applied to purchase paidup additions 2803813 16 1795 09 665619 92 24863 53 9791 25 80363 23 648278 92 171134 55 12 Total paid policyholders 4405659 65464 ComptrollerGenerals Report 14 Paid for claims on supplementary contracts not involving life contingencies 7751 00 15 Paid for claims on supplementary contracts involving life contingencies 3500 00 16 Commissions to agents less commission on reinsurance first years premiums 21460695 renewal premuims 302761 19 517368 14 17 Commuted renewal commissions 2315 45 18 Salaries and allowances for agencies including managers agents and clerks 116088 72 19 Agency supervision traveling and all other agency expenses 5018 79 20 Medical examiners fees 3851894 inspection of risks 120062 39719 56 21 Salaries and all other compensation of officers directors trustees and home office employees 193187 27 22 Rent including 3613800 for companys occupancy of its own buildings 43750 88 23 Advertising 994659 printing and stationery 27 74450 postage telegraph telephone and express 10 79425 48485 34 24 Legal expense 1601 18 25 Furniture fixtures and safes 10198 45 26 Insurance taxes licenses and department fees 112844 37 27 Taxes on real estate 45081 36 28 Repairs and expenses other than taxes on real estate 81714 26 29 Gross loss on sale or maturity of ledger assets viz Real estate 1900 00 Bonds 97 58 Other assets 997 58 30 Gross decrease in book value of ledger assets viz Real estate 53589 99 Bonds 10036 25 Stocks 34230 40 Other assets 97856 64 32 Miscellaneous profit and loss items 491 03 33 Miscellaneous expense 6 493 98 40 Total disbursements 5741123 65 ComptbollebGenebals Repobt 465 IVLedger Assets 1 Book value of real estate 118074255 incumbered 130692092 mortgage of 40000 on property when purchased not yet due 2487663 47 2 Mortgage loans on real estate first liens 1100380834 other than first liens 71500000 11718808 34 3 Loans secured by pledge of bonds stocks or other collateral 974900 00 4 Loans made to policyholders on this com panys policies assigned as collateral 4224102 72 5 Premium notes on policies in force 662833 06 6 Book value of bonds excluding interest 2054742400 and stocks 263840300 23185827 00 7 Cash in companys office 1 573 51 9 Deposited in trust companies and banks on interest 573669 25 12 Total ledger assets 43829377 35 NonLedger Assets 13 Interest due 35333 and accrued 103 25295 on mortgages 103606 28 14 Interest accrued on bonds 136665 83 15 Interest accrued on collateral loans 10896 73 6 Interest due 1084665 and accrued 50 38660 on premium notes policy loans or liens 17 Interest accrued on other assets 18 Rents due 175718 and accrued 15 60886 on companys property or lease 61233 25 413 97 17366 04 19 Total interest and rents due and accrued New Business 23 Gross premiums due and unreported on policies in force Dec 31 1907 24 Gross deferred premiums on policies in force Decem ber 31 1907 330182 10 Renewals 232066 08 67604 40 81262 72 25 Totals 26 Deduct loading 67604 40 313 328 80 15332 68 71062 97 27 Net amount of uncollected and deferred premiums 28 All other assets 52271 72 242265 83 294537 55 33 Gross assets 44454097 00 30cg466 ComptrollerGenerais Report Deduct Assets Not Admitted 40 Book value of ledger assets over market value 292004 00 44 Total admitted assets 44162093 00 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as computed by the com panys actuary on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all policies issued prior to 1901 31593003 62 Same for reversionary additions 31593003 62 2 American experience table at 3 per cent on all policies issued from January 1 1901 to December 15 1907 except joint life additions on all policies 7808505 24 Same for reversionary additions 636913 69 8445418 93 3 American experience table at 3 per cent on joint life and ordinary policies writ ten after December 15 1907 to be dated in 1908 14519 35 Same for reversionary additions 303 05 14822 40 5 Net present value of annuities including those in reduction of premiums viz 4 per cent 56 39 3y2 per cent 4741 16 3 per cent 15443 31 20240 36 Total 40073485 81 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary 173042 88 11 Claims for death losses due and unpaid 2000 00 12 Claims for death losses in process of ad justment or adjusted and not due 114891 39 13 Claims for death losses which have been reported and no proofs received 76976 00 14 Claims for matured endowments due and unpaid 69671 00 15 Claims for death losses and other policy claims resisted by the company 9500 00 17 Total policy claims 273038 39 19 Premiums paid in advance including surrender values so applied 54424 39ComptrollerGenerals Report 467 20 Unearned interest and rent paid in advance 1205 55 21 Commissions due to agents on premium notes when paid 26494 56 22 Commissions to agents due or accrued 3542 94 24 Salaries rents office expensesbills and accounts due or accrued 7115 72 25 Medical examiners and legal fees due or accrued 555 15 26 State county and municipal taxes due or accrued 107859 27 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 195099 45 32 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1908 87500 55 33 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies viz 1909 7336340 1910 5290460 1911 1329540 139563 40 44 Unassigned funds surplus 3019164 34 45 Total liabilities 44162093 00 Business in Georgia During 1907 Policies on the lives of citizens of said State in force December 31 1906 1324 2543781 30 Policies on the lives of citizens of said State issued increased and revised during 1907 208 393208 00 Total 1532 2936989 00 Deduct ceased to be in force and decreased during the year 182 262165 00 Policies in force December 31 1907 1350 2674824 00 Losses and claims unpaid December 31 1906 1 1000 00 Losses and claims incurred during the year 18 25907 00 Total 19 26907 00 Losses and claims settled during the year 17 20907 00 Losses and claims unpaid December 31 19 2 6000 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 87051 74468 ComptrollebGenebais Repoet NEW YORK LIFE INSURANCE COMPANY NEW YORK Darwin P Kingsley President John C McCall Secretary Home Office 346 Broadway New York City E J Clark Atlanta Attorney for Service in Georgia 1Capital Stock 2 Amount of ledger assets as per balance December 31 of previous year466234318 55 4 Extended at 466234318 55 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 5404651 24 8 Dividends applied to purchase paidup ad ditions and annuities 416633 60 10 Consideration for original annuities in involving life contingencies 556740 86 11 Consideration for supplementary contracts involving life contingencies 104809 86 12 Total new premiums 6482745 56 13 Renewal premiums without deduction for commissions or other expenses less 156 02944 for reinsurance on renewals 72661812 52 14 Dividends applied to pay renewal prem iums 750258 89 15 Surrender values applied to pay renewal premiums 21843 37 16 Renewal premiums for deferred annuities 23648 77 17 Total renewal premiums 73457 563 55 18 Total premium income 79940309 11 19 Consideration for supplementary contracts not involving life contingencies 209954 r 5 21 Premium notes loans or liens restored by revival of policies 27263 18 22 Gross interest on mortgage loans 1803135 90 23 Gross interest on collateral loans 194092 66 24 Gross interest on bonds 14508457 30 25 Gross interest on premium notes policy loans or liens 3574 964 98 26 Gross interest on deposits in trust com panies and banks 285380 89 27 Gross interest on other debts due the company 545 58 ComptrollerGenerals Report 469 28 Gross discount on claims paid in advance 648 13 29 Gross rents from companys property including 262 01904 for companys occupancy of its own buildings 1059132 63 30 Total gross interest and rents 21 426 357 97 31 Gross profit on sale or maturity of ledger assets viz Real estate 15 00 Bonds 85947 74 Other assets 85926 74 32 Gross increase in book value of ledger assets viz Bonis 181023 07 Increase in exchange value of foreign cur rency balances in banks 3767 39 184790 46 34 Commissions advanced in previous years now refunded 94 441 72 35 Policy fees 27497 26 36 Realized from sale of furniture fixtures and books 6833 50 37 Reimbursemet of contribution made to the electoral campaign of 1904 5401919 doubtful debts recovered 87144 54890 63 283633 10 39 Total income 102158301 31 IIIDisbursements 1 For deathclaims less 5782044 reinsur ance additions 112507939 22761594 50 2 For matured endowments less 27000 re insurance 568477882 additions 11795805 5802736 87 3 Net amount paid for losses and matured endowments 28564331 37 4 For annuities involving life contingencies 1774 484 10 6 Surrender values paid in cash 11 gio 853 73 7 Surrender values applied to pay new premiums and to pay renewal premiums 21 843 37 9 Dividends paid to policyholders in cash 4710 461 44 10 Dividends applied to pay renewal premiums 750 258 89 11 Dividends applied to purchase paidup additions and an nuities 416633 60 12 Total paid policyholders 48048866 50470 CompteolleeGeneeals Kepobt 13 Expense of investigation and settlement of policy claims including 1221054 for legal expense 16688 71 14 Paid for claims on supplementary contracts not involving life contingencies 212622 87 16 Commissions to agents less commission on reinsurance First years premiums 250687369 renewal premiums 130464073 annuities original 1195105 renewal 3823465 47 17 Commuted renewal commissions 167691 17 18 Salaries and allowances for agencies including managers agents and clerks 1767750 29 19 Agency supervision traveling and all other agency ex penses 366144 i3 20 Medical examiners fees 24125742 inspection or risks 6388192 305139 34 21 Salaries and all other compensation of officers directors trustees and home office employees 1345541 71 22 Rent including 26201904 for companys occupancy of its own buildings less 1414198 received under sublease 611240 33 23 Advertising 4353387 printing and stationery 205 27362 postage telegraph telephone and express 235 05360 483861 09 24 Legal expense 49615 47 25 Furniture fixtures and safes 22047 34 26 Insurance taxes licenses and department fees 970124 93 27 Taxes on real estate 148408 57 28 Eepairs and expenses other than taxes on real estate 269953 01 29 Gress loss on sale or maturity of ledger assets viz Real estate 146 50 Bonds 689 48 Other assets 835 98 30 Gross decrease in book value of ledger assets viz Real estate 2000 00 Bonds 5165428 93 Decline in exchange value of foreign cur rency balances in banks 92361 07 5259790 00 32 Commissions advanced 3661 68 33 Paid agents under Nylic contracts 498526 17 34 Restaurant 3764122 premiums on fidel ity bonds 959453 custody of securi ties 1961749 papers books subscrip tions 786237 legislative expenses 1406876 association of life insurance presidents not including amount paid them for legislative expenses 969599 expenses trustees election 1906 123 ComptrollerGeneral s Report 471 35 55523 expenses trustees election 1908 2878683 miscellaneous interest pay ments 198697 inspection reports not in connection with new business 3 74998 executive committee miscel laneous expenses 7963 miscellaneous items of expense 1291255 Exchange 36 Doubtful debts marked off 2164731 ac cidents and errors 22934 269551 55 47498 52 21876 65 841114 57 40 Total disbursements 64710901 48 IVLedger Assets 1 Book value of real estate i 2 Mortgage loans on real estate first lieus 3 Loans secured by pledge of bonds i Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds excluding interest 7 Cash in companys office 8 Deposited in trust companies and banks not on interest 9 Deposited in trust companies and banks on interest 10 Bills receivable 11 Cash in companys branch office 12721861 05 50217704 06 900000 00 69094559 05 4142391 58 357333254 60 59256 50 1333 538 11 7778907 33 220 13 100025 37 2 Total ledger assets 503681718 38 NonLedger Assets 13 Interest due 4896050 and accrued 351 87897 on mortgages 400839 47 14 Interest due 2787023 and accrued 4 93286512 on bonds 4960735 35 15 Interest accrued on collateral loans 16138 88 16 Interest accrued on premium notes nolicy loans or liens 167441 69 17 Interest accrued on other assets 27544 66 18 Bents due 1022615 and accrued 10 42676 on companys property or lease 20652 91 19 Total interest and rents due and accrued 5593352 96 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 62935 80 4907269 93 472 ComptrollerGenerals Report 24 Gross deferred premiums on policies in force De cember 31 1907 245696 82 4767686 00 25 Totals 26 Deduct loading 25 per cent 27 Net amount of uneollected 308632 62 9674955 93 77158 16 2418738 98 and deferred premiums 231474 46 7256216 95 7487691 41 33 Gross assets 516762762 15 Deduct Assets Not Admitted 40 Book value of ledger assets over market value 22353734 75 42 Branch office balances 220 13 43 Total 22353954 88 44 Total admitted assets 494 408 807 87 VLiabilities Net present value of all the outstanding policies in force on the 31st day of De cember 1907 as computed by the insur ance department of the State of New York on the following tables of mor tality and rates of interest viz 1 Actuaries table at 4 per cent on issues prior to 1901 except those bearing 3 per cent208969122 00 Same for reversionary additions 208969122 00 2 American experience table at 3 per cent on insurances bearing 3 per cent guar antees 158604095 00 Same for reversionary additions 158 604 095 00 3 American experience table at 3 per cent on issues of 1901 and since except those bearing 3 per cent guarantees 4050 748 00 Same for reversionary additions 2694201 00 6744 949 00 Double American experience table at 3 per cent on tropical insurances and those on impaired lives 20857096 00 Sesqui American experience table at 3 per cent on semitropical insurances and those on partially impaired lives 21644549 00 Same for revisionary additions 42 501645 001 CompteolleeGeneeals Repoet 5 Net present value of annuities includ ing those in reduction of premiums viz Actuaries table at 4 per cent on issues prior to 1901 American experience table at 3 per cent on issues of 1901 to 1906 inclusive McClintocks annuity table 3 per cent on issues of 1907 473 8570863 00 6995885 00 645275 00 16212023 00 Total 433031834 00 6 Deduct net value of risks of this company reinsured in other solvent companies 159 477 qq 432872357 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2099624 19 10 Liability on policies canceled and not included in net reserve upon which a surrender value may be de manded 257562 11 12 Claims for deathloss in process of adjustment or adjusted and not due 861712 15 13 Claims for deathlosses which have been reported and no proofs received 1669665 54 14 Claims for matured endowments due and unpaid 261472 93 15 Claims for deathlosses and other policy claims resisted by the company 194860 79 16 Due and unpaid on annuity claims involving life contin gencies 106358 02 17 Total policy claims 3094070 03 19 Premiums paid in advance including surrerfder values so applied 20 Unearned interest and rent paid in advance On prem ium notes 7534181 on policy loans 152438815 21 Commissions due to agents on premium notes when paid 22 Commissions to agents due or accrued 24 Salaries rents office expenses bills and accounts due or accrued 25 Medical examiners inspectors and legal fees due or accrued 26 State county and municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 439 721 02 712149 27 1599729 96 45148 74 20298 74 79462 11 12452 99 13779 15474 ComptrollerGenerals Report 31 Dividends declared on or apportioned to annual dividend policies payable to polieyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise 1004945 00 32 Dividends declared on or apportioned to deferred dividend policies payable to polieyholders during 1908 5195993 18 33 Amount set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies 35863716 00 Account for 1907 Liability held January 1 1907 34208312 00 Added during 1907 6851397 18 Deduct dividends declared for 1908 41059709 18 5195933 18 Liability held December 31 1907 35863716 00 34 Reserve or surplus funds not otherwise included in liabilities consisting of additional reserve on policies which the company voluntarily sets aside in excess of the States requirements 279155800 war risk fund 50063200 mortality fluctuation fund 50000000 se curity fluctuations and general contingency fund 7 30560838 11097798 38 45 Total liabilities 494408807 37 Business in Georgia During 1907 No Amount Policies on the lives of citizens of said State in force December 31 of previous year11784 23270581 00 Policies on the lives of citizens of said State issued durng the year 984 2325964 00 Totals 12768 Deduct ceased to be in force during the year 903 Policies in force December 31 1907 11865 Losses and claims unpaid December 31 of prev ious year 6 Losses and claims incurred during the year 139 25596545 00 2009175 00 23587370 00 10620 00 338993 12 Total 145 349613 12 Losses and claims settled during the year 135 329318 12 Losses and claims unpaid December 31 1907 10 20295 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 785462 32CoMPTBOLLEBGrENEBAL s REPOET 475 THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY OF MILWAUKEE H L Palmer President A S Hathaway Secretary Home Office Corner Broadway and Michigan St Milwaukee Wis W Woods White Atlanta Attorney for Service in Georgia 1Capital Stock 2 Amount of ledger assets as per balance December 31 of previous year215910703 11 4 Extended at 215910703 11 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less none for first years reinsurance 3442171 18 7 Total first years premiums on original policies 3442171 18 8 Dividends applied to purchase paidup ad ditions and annuities 997554 87 10 Consideration for original annuities in volving life contingencies 80866 07 11 Consideration for supplementary contracts involving life contingencies 335 41 12 Total new premiums 4521927 53 13 Renewal premiums without deduction for commissions or other expenses 25440909 23 14 Dividends applied to pay renewal premiums 3477049 48 16 Renewal premiums for deferred annuities 1924 26 17 Total renewal premiums 28 919 882 97 18 Total premium income 33441810 50 19 Consideration for supplementary contracts not involv ing life contingencies 150 823 77 21 Premium notes loans or liens restored by revival of Policies 2824 2g 22 Gross interest on mortgage loans 5182459 91 24 Gross interest on bonds and dividends on stocks 3077634 99 25 Gross interest on premium notes policy loans or liens 1182407 82 26 Gross interest on deposits in trust com panies and banks no deposits in trust companies 37284 87476 ComptrollerGenerals Report 27 Gross interest on other debts due the company 236677 36 28 Gross discount on claims paid in advance only endowments discounted 18640 67 29 Gross rent from companys property including 5334210 for companys oc cupancy of its own buildings 264857 47 30 Total gross interest and rents 9999963 09 31 Gross profit on sale or maturity of ledger assets viz Real estate 47485 32 Other assets old debt paid 800 loss on real estate loans charged to profit and loss in 1906 recovered 50000 508 00 47933 32 32 Gross increase in book value of ledger assets viz Eeal estate 2000 00 39 Total income 43645414 96 IIIDisbursements 1 For death claims less none reinsurance 772702449 additions 18229199 7909316 48 2 For matured endowments less none re insurance 194888000 additions 72 52361 2021403 61 3 Net amount paid for losses and matured endowments 9930720 09 4 For annuities involving life contingencies 67945 77 5 Premium notes voided by lapse 5642 88 6 Surrender values paid in cash 5532887 11 9 Dividends paid to policyholders in cash 3436681 05 10 Dividends applied to pay renewal premiums 3477049 48 11 Dividends applied to purchase paidup additions and annuities 997554 87 12 Total paid policyholders 23448 481 25 13 Expense of investigation and settlement of policy claims including 208001 for legal expense 8 391 27 14 Paid for claims on supplementary contracts not involv ing life contingencies 124 061 54 16 Commissions to agents less commission on reinsurance first years premiums 159059325 renewal premiums 210599133 annuities original 22107 renewal 4264 3696848 29 17 Commuted renewal commissions 2 500 00 18 Salaries and allowances for agencies including managers agents and clerks g 999 94ComptrollerGenerals Beport 477 19 Agency supervision traveling and all other agency expenses 4 274 49 20 Medical examiners fees 18169229 inspection of risks 2622137 207913 66 21 Salaries and all other compensation of officers directors trustees and home office employees 636340 75 22 Rent including 5334210 for companys occupancy of its own buildings 53342 10 23 Advertising 706435 printing and stationery 71 23614 postage telegraph telephone and express 11820335 196503 84 24 Legal expenses 4162 90 25 Furniture fixtures and safes 11 137 33 26 Insurance taxes licenses and department fees 762819 69 27 Taxes on real estate 40 432 87 28 Repairs and expenses other than taxes on real estate 128753 57 29 Gross loss on sale or maturity of ledger assets viz Real estate 5641 57 Bonds 258557 31 Other assets Second payment acct policy claim first payment made on judgment 1500 00 265698 88 30 Gross decrease in book value of assets viz Real estate 17644 67 32 Loan expenses 16025967 traveling expenses 24018 160499 85 33 Legislative expenses 2138675 exchange 1015640 31553 14 34 Expenses incurred by reason of Wisconsin legislature investigating committee 279 50 35 Expenses incurred in proceedings before Wisconsin tax commission 711 71 193044 20 40 Total disbursements 29806351 24 IVLedger Assets 1 Book value of real estate 2293123 69 2 Mortgage loans on real estate first liens 121740637 11 4 Loans made to policyholders on this companys policies assigned as collateral 30211831 71 5 Premium notes on policies in force of which none is for first years premiums 365876 02 6 Book value of bonds excluding interest 7344076436 and stocks 73440764 36 7 Cash in company s office 187 859 71478 ComptrollerGenerals Report 9 Deposited in trust companies and banks on interest no deposits in trust companies 1488205 09 10 Bills receivable 21469 14 12 Total ledger assets 229749766 83 NonLedger Assets 13 Interest due 1345601 and accrued 1 73089230 on mortgages1744348 31 14 Interest accrued on bonds 1072094 15 16 Interest due 14395281 and accrued 75780579 on premium notes policy loans or liens 901758 60 18 Rents accrued on companys property or lease 15716 79 19 Total interest and rents due and accrued 3733917 85 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 14398 00 1403175 53 24 Gross deferred premiums on policies in force De cember 31 1907 215162 00 1638466 00 25 Totals 229560 00 3041641 53 26 Deduct loading 50503 20 669161 14 27 Net amount of uncollected and deferred premiums 179056 80 237248039 2551537 19 33 Gross assets 236035221 87 Deduct Assets Not Admitted 36 Agents debit balances 21469 14 40 Book value of ledger assets over market value viz Bonds 3194506 66 43 Total 3215975 80 44 Total admitted assets 232819246 07 VLiabilities Net present value of all the outstanding policies in force on the 31st day of December 1907 as computed by the company on the following tables of mortality and rates of interest vizComptrollerGeneral s Report 479 1 Actuaries table at 4 per cent on life endowment and term policies128278360 00 Same for reversionary additions 4021776 00 132300136 00 2 American experience table at 3 per cent on life endowment and term policies 64361058 00 Same for reversionary additions 2141073 00 66502131 00 5 Net present value of annuities including those in reduction of premiums Give tables and rates of interest viz Actuaries table at 4 per cent 532727 00 American experience table at 3 per cent 286751 00 Total 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 11 Claims for death losses due and unpaid 56530 16 12 Claims for death losses in process of ad justment or adjusted and not due 255248 53 13 Claims for death losses which have been reported and no proofs received 287868 00 14 Claims for matured endowments due and unpaid 7055996 15 Claims for death losses and other policy claims resisted by the company 108149 79 16 Due and unpaid on annuity claims involv ing life contingencies 275 00 17 Total policy claims 18 Due and unpaid on supplementary contracts not involving life contingencies 19 Premiums paid in advance including surrender values so applied 22 Commissions to agents due or accrued 24 Salaries rents office expenses bills and accounts due or accrued 25 Medical examiners and legal fees due and accrued 26 State county and municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 819 478 00 621745 00 1198853 27 6417 45 778631 14 1832 50 67764 50 72000 00 19302 S3 48929 94 10000 00 638098 55480 ComptbollebGeneeals Repoet 31 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise 5421655 00 32 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1908 3469840 00 33 Amount set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies tontine surplus payable to policyholders subsequent to 1908 as the periods of participation matured 10 year period 10627300 15 year period 116936200 20 year period 1776076700 19036402 00 44 Unassigned funds surplus 2427773 59 45 Total liabilities 232819246 07 Business in Georgia During 1907 No Amount Policies on the lives of citizens of said State in force December 31 of previous year 7145 16200958 00 Policies on the lives of citizens of said State re ported during the year 859 1969200 00 Total 8004 18170158 00 Deduct ceased to be in force during the year in cluding removals from the State 440 1026725 00 Policies in force December 31 7564 17143 433 00 Losses and claims unpaid December 31 of pre vious year 1 30000 00 Losses and claims incurred during year 86 183 484 00 Total 87 213484 00 Losses and claims settled during the year 83 209984 00 Losses and claims unpaid December 31 4 3 500 00 Premiums collected or secured in cash and notes or credits not including premiums paid by nonresidents without any deduction for losses dividends commissions or other exPenses 567820 08ComptrollebGenebal s Repobt 481 RELIANCE LIFE INSURANCE COMPANY OF PITTSBURGH PA James H Reed President H G Scott Secretary Principal Office Pittsburgh Pa J H Pearce Atlanta Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets December 31 of previous year 2179107 01 Extended at 2179107 01 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for commissions or other expenses 214922 22 1 Cash received for renewal premiums without deductions for commissions or other expenses 283261 07 2 Premium notes loans or liens taken in part payment for renewal premiums 47586 88 3 From dividends applied to purchase paid up additions and annuities 1345 40 Total Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 235912 renewals 706473 547115 57 9423 85 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owner and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on deposits of the company 12 Cash received as discount on other debts due the company 537691 72 17431 67 65723 16 4721 14 5080 84 2065 12 Total income Total 632713 65 2811820 66 IIIDisbursements for the Year 1907 1 Cash paid for death claims including revisionary additions 8 Cash paid to annuitants 31eg 615 41 75 00482 CoMPTROLLERGrENERAls REPORT 9 Premium notes loans or liens used in purchase of sur rendered policies 10 Cash dividends paid policyholders 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash Total paid policyholders 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 15361726 renewals 1643784 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 2205955 in spection of risks 347462 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 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 299936 printing 808383 postage telegraph telephone and express 293649 29 Cash paid for the following items viz agency supervision 314823 legal expenses 51690 library photographic fire insurance etc 393960 1615 09 995 42 1345 40 12264 55 104910 87 170055 10 4153 dS 25534 17 22992 47 10222 2 16596 25 23863 83 1166 12 14019 OS 7604 73 30 Total disbursements 401119 43 IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 349900 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 80716 23 5 Premium notes loans or liens on policies in force 46735 24 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 1703 576 37 7 Cash in company s office 1 312 90 8 Cash deposited in banks 153 089 25 10 Agents ledger balances 65 371 24 2410701 23 13 Total net or ledger assets less depreciation Other Assets 14 Interest due 154000 and accrued 3 36278 on mortgages 4902 78ComptrollerGenerals Beport 483 15 Interest accrued on bonds and stocks 18 Interest accrued on other assets 29997 21 357 42 Total carried out 35257 41 New Business Renewals 9862 30 54064 27 24 Gross deferred premiums on policies in force De cember 31 1907 25 Deduct loading 20 per cent on new and 20 er cent on renewals 1972 46 13748 35 per 26 Net amount of uncollected and deferred premiums 7889 84 54993 40 62883 24 27 Furniture fixtures and safes 11777 67 Total assets as per the book of the company 2520619 55 Items Not Admitted 2 Furniture fixtures and safes 5 Agents balances 11777 67 65371 24 Total 77148 Jl 9 Total assets less items not admitted 2443470 64 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to American experience with 3 per cent interest 863323 00 Deduct net value of risks of this company reinsured in other solvent companies 4739 00 Net reinsurance reserve 858584 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 1000 00 6 Claims for death losses which have been reported and no proofs received 4000 00 Total policy claims 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Prem iums paid in advance less 20 per cent loading 5000 00 1670 75 1766 83484 CompteollebGeneeals Eepoet Commissions due to agents on premium notes when paid 17 Liabilities on policyholders account 18 Capital stock and gross surplus on policyholders account 19 Total liabilities 3505 01 870526 59 1572944 05 2443470 64 Business in Georgia During 1907 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citizens of Georgia issued during the year No 652 459 Amount 8828 20 6819 20 Total 1111 Deduct number and amount which have ceased to be in force during the year 256 15647 40 3480 20 Total number and amount of policies in force in Georgia December 31 19 855 12167 20 Amount of losses and claims on policies in Georgia incurred during the year 12 22000 00 Amount of losses and claims on policies in Georgia paid during the year 10 19000 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 50896 02 RIDGLEY PROTECTIVE ASSOCIATION OF WORCESTER MASS Francis A Harrington President Albert L Pratt Secretary Principal Office 518 Main Street Worcester Mass Ralph J Winters Atlanta Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 27 as a fraternal 145863 42 Extended at 245863 42 IIIncome During Year 1907 19 From all other sources viz Interest on deposits 41470 advance payments 29210 706 80 Total 246570 22ComptrollerGeneral s Report 485 IIIDisbursements For The Year 1907 I Cash paid for death health and accident claims including revisionary additions 1003 22 18 Cash paid for salaries and allowances to managers and agents 100 00 20 Cash paid for salaries and all other compensation of officers and other home office employees 555 21 30 Total disbursements 1658 46 IVAssets as Per Ledger Accounts 8 Cash deposited in banks 21698 01 Book value of bonds excluding interest 26213 75 II Total net or ledger assets 244911 76 12 Deduct depreciation from cost of assets to bring same to market value 5258 75 13 Total net or ledger assets less depreciation 239653 01 Other Assets 15 Interest due 69125 and accrued 35000 on bonds and stocks 1041 25 28 Total assets as per the books of the company 240694 26 VLiabilities 3 Claims for health and accident reported proofs not received 26440 40 5 Claims for death losses reported proofs not received 1200 00 Total policy claims 27640 40 12 Amount of national State or other taxes due 250 00 13 Amount due on account of salaries rents and office ex penses 57 68 16 Amount of any other liability of the company viz prem iums paid in advance 1049 80 Gross premiums upon all unexpired risks one year or less from date of policy 61385 pro rata 16 10230 83 17 Liabilities on policyholders account 39228 71 18 Gross surplus on policyholders account 201465 55 19 Total liabilities 240694 26486 ComptrollerGenerals Report RESERVE LOAN LIFE INSURANCE COMPANY OE INDIANAPOLIS IND Chalmers Brown President Wm K Bellis Secretary Principal Office 300 to 310 Saks Bldg Indianapolis Ind William A Wright Atlanta Attorney for Service in Georgia 1Capital Stock Amount of net or ledger assets December 31 of previous year 1658884 41 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for com missions or other expenses 103154 98 1 Cash received for renewal premiums without deductions for commissions or other expenses 318574 79 2 Premium notes loans or liens taken in part payment for premiums on new policies 42958 96 2 Premium notes loans or liens taken in part payment for renewal premiums 37643 59 4 From surrender values applied to pay run ning premiums 208 65 4 From surrender values applied to pur chase paidup insurance and annuities 9767 76 7 Total premium income 512308 73 8 ash received for interest on mortgage loans 22350 96 9 Cash received for interest on bonds owned and dividends on stock 601 00 10 Cash received for interest on premium notes loans or liens 54382 26 11 Cash received for interest on other debts due the company 1628 88 19 From all other sources viz Survivorship dividend 1060 00 Total income 592331 83 Total 2251216 24 IIIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary additions 71895 87 2 Premium notes loans or liens used in payment of the same 6 827 78 7 Total net amount actually paid for losses and matured endowments a 78723 65ComptrollerGeneral s Eeport 487 9 Premium notes loans or liens used in purchase of sur rendered policies 6898 87 10 Cash dividends paid polieyholders 50 00 13 Surrender values paid in cash 162534 84 14 Surrender values applied to pay running premiums 208 65 15 Surrender values applied to purchase paidup insurance and annuities 9767 76 Total paid polieyholders 258183 77 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 8886290 renewals 3191917 120782 07 18 Cash paid for salaries and allowances to managers and agents 19171 71 19 Cash paid for medical examiners fees 5896 25 20 Cash paid for salaries and all other compensation of officers and other home office employees 47132 83 21 Cash paid for taxes on new premiums 240087 on re newals 102895 3429 82 22 Cash paid for taxes on reserves 369 60 23 Cash paid for insurance department fees and agents licenses 106850 munipical licenses 9900 1167 50 24 Cash paid for rent 4733 28 25 Cash paid for commuting commissions 22272 69 26 Cash paid for furniture fixtures and safes for home and agency offices 774 55 27 Cash paid for advertising 227337 printing 194767 4220 04 28 Cash paid for real estate expenses other than taxes 1342 87 29 Cash paid for the following items viz Postage 194462 investment expense 2000 error account 88 cents miscellaneous expense 126655 3232 05 Total miscellaneous expenses 234576 26 30 Total disbursements 492760 03 IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 551620 00 4 Loans made in cash to polieyholders on this companys policies assigned as collateral 1073546 20 5 Premium notes loans or liens on policies in force of which 1198832 was received during the year 21155 55 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 11008 00 7 Cash in companys office 1723 22 8 Cash deposited in banks 79978 33 10 Agents ledger balances of which 802812 was advanced during the year 19424 91 11 Total net or ledger assets 1758456 21488 ComptrollerGenerals Report Other Assets 14 Interest accrued on mortgages 6270 56 15 Interest accrued on bonds and stocks 202 00 17 Interest accrued on premiums 4933 32 18 Interest accrued on other assets 614 16 Total carried out 23 Gross premiums due and un New Business Renewals reported on policies in force December 31 1097 15304 90 38684 72 24 Gross deferred premiums on policies in force De cember 31 1907 13169 07 12020 04 Totals 25 Deducting actual loading 15304 90 11345 47 51853 79 11361 51 26 Net amount of uncollected and deferred premiums 3959 43 40492 28 44451 71 27 Furniture fixtures and safes 4 500 00 Total assets as per the books of the company 1819427 96 Items Not Admitted 2 Furniture fixtures and safes 4500 00 5 Agents balances 120405 18220 86 6 Premium notes liens and net premiums in excess of the net value of their policies 10561 30 7 Book value of assets over market value 1424 00 Total 34706 16 Total assets less items not admitted 1 784 721 80 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to the Actuaries table of Mortality with four per cent interest and actuaries 3 1636156 83 5 Claims for death losses and matured endowments in pro cess of adjustment or adjusted and not due 5000 00 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 3 260 00 12 Amount of national State or other taxes due 3 505 62 13 Amount due on account of salaries rents and office ex Penses 1678 93CoMPTROLLEBGrENERAL s REPOET 489 16 Amount of any other liability of the company viz prem iums paid in advance 81100 unearned interest paid in advance 2005965 commissions to agents due or accrued 45504 21325 69 17 Liabilities on policyholders account 1670927 07 18 Gross surplus on policyholders account 113794 73 19 Total liabilities 1784721 80 Business in Georgia During 1907 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 281 536660 00 Number and amount of policies on the lives of citizens of Georgia issued during the year and reinstated 142 222000 00 Total 423 758660 00 Deduct number and amount which have ceased to be in force during the year 115 220 330 00 Total number and amount of policies in force in Georgia December 31 1907 308 538330 00 Amount of losses and claims on policies in Georgia incurred during the year 3 7000 00 Amount of losses and claims on policies in Georgia paid during the year 3 7000 00 Amount of premiums collected or secured in Georgia during the year in cash 1467653 notes or credits 2814100 without any deduction for losses dividends commissions or other expenses 42817 53 SECURITY LIFE AND ANNUITY COMPANY OP GREENSBORO N C J Van Lindley President Geo A Grimsley Secretary Principal Office 119 South Elm St Greensboro N C Charles D Ray Macon Attorney for Service in Georgia 1Capital Stock 1 Amount of guaranty fund deposited with Insurance Company of N C 100000 00 Amount of net or ledger assets December 31 of previous year 265968 23 Extended at 365968 23490 ComptrollerGenerals Report IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for com missions or other expenses 104992 84 1 Cash received for renewal premiums without deductions for commissions or other expenses 251651 93 5 Consideration for annuities other than matured installment policies 6526 00 Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 128208 renewals 83312 363170 77 2115 20 7 Total premium income 3 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany collateral loans 13 Cash received for rents for use of companys property including 120000 for companys own occupancy Total income HIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary ad ditions i 8 Cash paid to annuitants 13 Surrender values paid in cash 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 6506923 renewals 1515714 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 1565200 inspec tion of risks 114800 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums 22 Cash paid for taxes on reserves 23 Cash paid for insurance department fees and agents licenses 361055 57 5777 65 1252 00 3358 SO 2837 18 2440 65 376721 85 71101 17 12997 96 2447 88 80226 37 2478 50 16800 00 14529 01 1067 97 477 89 3165 37ComptrollerGenerals Report 24 Cash paid for rent 27 Cash paid for advertising 249225 printing and sta tionary 189882 postage and general expenses 5 23301 28 Cash paid for real estate expenses other than taxes 29 Cash paid for the following items viz Losses and gain 30 Total disbursements 491 1200 00 9624 08 1185 00 6657 49 223958 69 5 6 7 8 10 11 13 14 15 16 17 18 19 IVAssets as Per Ledger Accounts Cost value ofreal 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 policy holders on this companys policies assigned as collateral Premium notes loans or liens on policies in force Cost value of bonds and stocks owned excluding accrued interest at time of purchase Cash in companys office Cash deposited in banks Agents ledger balances Furniture and fixtures Guaranty fund deposited with insurance company Total net or ledger assets Total net or ledger assets less depreciation Other Assets 45023 84 131050 00 81920 73 25567 10 40070 74 42610 12 58 94 42371 64 8246 10 1812 18 100000 00 518731 39 518731 39 Interest accrued on mortgages Interest due 23500 and accrued 16666 on bonds and stocks Interest accrued on collateral loans Interest due 10335 and accrued 1 07978 on premiums notes loans or liens Interest accrued on other assets bank balance Rents accrued on companys property or lease 1738 38 401 66 471 62 1183 13 889 60 13 00 Total carried out 20 Market value of real estate over cost 23 Gross premiums due and unreported on policies in force December 31 1907i 24 Gross deferred premiums on policies in force December 31 1907 4697 39 7500 00 8801 51 8443 64 Totals 25 Deducting loading 17245 15 2586 80492 ComptrollerGenerals Eeport 26 Net amount of uncollected and deferred premiums 14658 35 14fi58 3g 28 Total assets as per the books of the company 545 587 13 Items Not Admitted 2 Furniture fixtures and safes 1812 18 5 Agents balances g 246 10 Total 10058 28 9 Total assets less items not admitted 535 528 85 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the Actuaries Table of Mortality with four per cent interest 302846 00 Deduct net value of risks of this company reinsured in other solvent companies 1096 00 Net reinsurance reserve or 7n 3 Claims for death losses due and unpaid in process of collection g qoo 00 7 Present value of amounts not yet due on sup contracts 16125 00 9 Amount of trust funds held by the company for con tingent annuities 90318 Q7 Total policy claims 6000 0Q 12 Amount of national State or other taxes due 265 96 17 Liabilities on policyholders account 414 459 03 18 Gross surplus on policyholders account 131128 10 19 Total liabilities I I 545587 13 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year XT 152 277300 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 217 496160 00 Total 369 773460 00ComptbollebGbneeals Repobt 493 Deduct number and amount which have ceased to be in force during the year 1 reduced 1 00000 77 159650 00 Total number and amount of policies in force in Georgia December 31 19 292 613810 00 Amount of losses and claims on policies in Georgia incurred during the year 5 10000 00 Amount of losses and claims on policies in Georgia paid during the year 4 5000 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 26860 85 i SECURITY LTFE INSURANCE COMPANY OF AMERICA W O Johnson President Carl T Prime Secretary Principal Office Rookery Bldg Chicago 111 Wm A Wright Atlanta Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 492560 00 Amount of net or ledger assets December 31 of previous year 661971 26 Increase of capital during 1907 303910 00 Extended at 965881 26 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 267933 98 1 Cash received for renewal premiums without deductions for commissions or other expenses 253152 86 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 4 From surrender values applied to pay running premiums 4 From surrender values applied to purchase paidup insurance and annviities Total 549619 80 3552 03 24135 10 540 83 305 00494 ComptrollekGenerais Report 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 202950 renewals 532493 7354 43 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 19 Prom all other sources viz Surplus from sale of com pany s stock Total income HIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary ad ditions d 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 10 Cash dividends paid policyholders on board contracts 11 Cash dividends applied to pay running premiums none cash allowances 12 Cash dividends applied to purchase paidup additions and and annuities none health indemnities 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 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 227 74540 renewals 1364447 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 806850 inspec tion of risks 183499 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for taxes on new premiums 22 Cash paid for taxes on reserves on personal property 23 Cash paid for insurance department fees and agents licenses 542265 37 6277 62 11194 07 10140 10 19676 10 458202 86 1047756 12 34494 60 587 22 7267 19 9133 95 14 34 175 00 35195 18 540 83 305 00 87713 31 241389 87 7649 82 9903 49 39231 54 5968 18 50 00 3681 12ComptrollekGenebals Bepobt 24 Cash paid for rent 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 312277 printing 5 48558 28 Cash paid for real estate expenses other than taxes 29 Cash paid for the following items viz Agency traveling expenses etc 600013 postage 135022 telegraph and telephone35319 bonds 8750 traveling expenses 206423 library 12300 examiners fees and expenses 47015 light etc 25753 office expenses etc 3 06508 profit and loss 161213 Total miscellaneous expenses IVAssets as Per Ledger Accounts 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 companys policies assigned as collateral 5 Premium noteB 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 Municipal securities 13 Total net or ledger assets less depreciation Other Assets 14 Interest accrued on mortgages 4363 34 15 Interest due 60750 and accrued 7 71022 on bonds and stocks 8317 72 16 Interest due 11665 and accrued 2 17563 on collateral loans 2292 28 17 Interest due 410 and accrued 10564 on premiums notes loans or liens 109 74 18 Interest accrued on other assets 69 15 495 2269 18 495 15 8608 35 1742 42 15389 16 30 Total disbursements 434091 59 294594 33 435997 02 289405 11 9450 31 429991 66 200 00 58507 29 11531 74 48735 56 1132 77 1579545 79 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 1907 Renewals 15152 23 2520 84 11917 99 22847 26496 ComptrollerGenerals Eeport 24 Gross deferred premiums on policies in force De cember 31 1907 1122 96 15928 41 Totals 13040 95 38775 67 25 Deducting loading 688 per cent on new and 192 per cent on re newals 8972 17 7444 93 26 Net amount of uncollected and deferred premiums 4068 78 31330 74 35399 52 Total assets as per the books of the company 1632618 38 Items Not Admitted 5 Agents balances 48735 56 7 Bills receivable 11531 74 8 Supplies printed matter and stationery none included policy premiums and liens in excess of net value of policies 2000 00 Total 62267 30 9 Total assets less items not admitted 1570351 08 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to American 3 per cent table 573523 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 4678 00 Net reinsurance reserve 568845 00 3 Claims for death losses due and unpaid none reported and no proofs received 7242 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 14231 00 6 Claims for death losses and other policy claims resisted by the company 5000 00 8 Present value of unpaid amounts on matured installment policies 7500 00 9 Amount of trust funds held by the com pany 189 00 Total policy claims 34162 00CompteollebGenebals Beport 497 12 Amount of national State or other taxes due or accrued 10314 23 13 Amount due on account of salaries rents and office ex penses 15416 25 16 Amount of any other liability of the company viz Prem iums paid in advance 826 36 Commissions due when notes are paid and other items 929 65 17 Liabilities on policyholders account capital stock paid in 492560 00 18 Gross surplus on policyholders account 457297 59 19 Total liabilities 1570351 08 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia issued during the year 36 111500 00 Deduct number and amount which have ceased to be in force during the year 10 23500 00 Total number and amount of policies in force in Georgia December 31 1907 26 88000 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 2808 23 SECURITY MUTUAL LIPE INSURANCE COMPANY OF BINGHAMTON N Y Chas M Turner President Chas A LaDue Registrar Principal Office Binghamton N Y Wm A Wright Atlanta Attorney for Service in Georgia 1Capital Stock Amount of net or ledger assets December 31 of previous year 4082424 66 ITIncome During Year 1907 1 Cash received for premiums on new policies without deductions for commissions or other expenses 119913 56 1 y2 Cash received for renewal premiums without deductions for commissions or other expenses 1423862 09 32cg498 ComptrollerGenerals Report 3 From dividends applied to pay running premiums 3 From dividends applied to purchase paidup additions and annuities 4 From surrender values applied to pay run ning premiums 4From surrender values applied to pur chase paidup insurance and annuities 21360 88 1491 10 76 82 9115 77 7 Total premium income S Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the com pany 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property including 1500000 for companys own occupancy 17 Premium notes 13520 loans 824931 or liens restored by revival of policies 19 From all other sources viz Registration fees 32100 exchange 15734 Consideration for supplementary contracts 1575820 22 16868 18 45610 35 90017 20 6265 84 7 52 45084 90 8384 51 478 34 10327 00 Total income 1798864 06 IIIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary addi tions 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of sur rendered policies 10 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 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7180639 renewals 11560181 575318 53 292 57 931 32 5522 59 21360 SS 1491 10 84176 69 76 82 9115 77 698286 27 187408 20ComptrollerGeneral s Report 499 18 Cash paid for salaries and allowances to managers and agents 103898 43 19 Cash paid for medical examiners fees 1156900 in spection of risks 513203 16701 03 20 Cash paid for salaries and all other compensation of officers and other home office employees 77964 91 22 Cash paid for taxes on reserves 7253 31 23 Cash paid for insurance department fees and agents licenses 30784 01 24 Cash paid for rent including 1500000 companys oc cupancy 27936 86 26 Cash paid for furniture fixtures and safes for home and agency offices 607 30 27 Cash paid for advertising 285686 printing etc 6 28613 19142 99 28 Cash paid for real estate expenses other than taxes 1938240 for legal expenses 718932 26571 72 29 Cash paid for the following items viz claims on sup plementary contracts 71875 policy liens lapsed 19 20899 premiums on bonds 177500 accrued interest on mortgage loans 35410 accrued interest on bonds 223522 age lien refused 1657 legislative expenses 9777C actuarial fees 39686 investigation 3 84637 29529 56 Total miscellaneous expenses 52779835 30 Total disbursements 1226084 62 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 704853 47 2 Loans on mortgage first liens on real estate 480850 JO 4 Loans made in cash to policyholders on this companys policies assigned as collateral 735197 10 5 Premium notes loans or liens on policies in force of which 7412 was received during the year 30465 65 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 1285856 00 7 Cash in companys office 96107 Southern department office 1000 00 1961 07 8 Cash deposited in banks 303826 97 9 Bills receivable 3510 08 10 Agents ledger balances i 108683 76 11 Total net or ledger assets less depreciation 4655204 10 Other Assets 14 Interest due 27500 and accrued 7 37955 on mortgages 7654 55 500 ComptrollerGenerals Report 15 Interest accrued on bonds and stocks 6879 16 17 Interest accrued on premiums notes loans or liens 38970 37 18 Interest accrued on other assets 3255 95 19 Rents accrued on companys property or lease 666 66 Total carried out 20 Market value of real estate over cost 57426 69 2069343 New Business 23 Gross premiums due and unreported on policies in force December 31 1907 6622 35 24 Gross deferred premiums on policies in force De cember 31 1907 6602 53 Totals 13224 88 25 Deducting loading 20 per cent on new and 20 per cent on renewals 2644 98 Renewals 107569 97 114773 67 222343 64 44468 73 26 Net amount of uncollected and deferred premiums 10579 90 177874 91 188454 81 28 Total assets 4655204 10 Items Not Admitted 5 Agents balances Book value of ledger assets over market value viz Bonds 7 Bills receivable Premium notes and loans on policies and net premiums in excess of the net value of their policies 108683 76 96696 00 3510 08 58509 50 267399 34 9 Total assets 4654379 69 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to The Actuaries Table of Mortality with four per cent interest and American ex penses 3y2 and 3 per cent 3920476 00 Net reinsurance reserve 3920476 00ComptrollerGenerals Report 501 36280 08 6000 00 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 Total policy claims 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 12 Amount of national State or other taxes due 13 Amount due on account of salaries rents and office expenses 16 Amount of any other liability of the company viz Prem iums paid in advance 42280 08 17466 39 18875 38 8351 10 8247 02 18 Gross surplus on policy holders account 90319 12 548364 60 19 Total liabilities 4654379 09 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1471 2637082 44 Number and amount of policies on the lives of citizens of Georgia issued during the year 98 172435 25 Total 569 Deduct number and amount which have ceased to be in force during the year 321 Total number and amount of policies in force in 2809517 69 404638 69 Georgia December 31 19 1248 Amount of losses and claims on policies in Geor gia unpaid December 31 of previous year Amount of losses and claims on policies in Georgia incurred during the year Total Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 14 14 2404879 00 900 00 26578 25 27478 25 54980 44 502 ComptbollebGeneral s Repoet SOUTHERN STATES MUTUAL LIFE INSURANCE COMPANY OF WEST VIRGINIA Harrison B Smith President J D Baines Secretary Principal Office Charleston W Va B J Clay Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 250000 00 Amount of net or ledger assets Decem ber 31 of previous year 297776 41 Extended at IIIncome During Year 1907 297776 11 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 42 417 74 1 Cash received for renewal premiums without aeductions for commissions or other expenses 30556 98 Total 72974 72 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 794 61 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 19 Fromall other sources viz Premiums paid in advance 15726 premiums paid with applications 18016 fire insurance paid for damages on real estate 14790 485 32 Total income HIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary addi tions 10 Cash dividends paid policyholders Total paid policyholders 72180 11 10438 39 1700 00 105 55 4363 05 675 00 89947 42 3010 00 112 97 3122 97ComptbolleeGeneeal s Repobt 503 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 2036528 renewals 66045 21025 73 38 Cash paid for salaries and allowances to managers and agents 10949 22 19 Cash paid for medical examiners fees 308245 inspec tion of risks 30835 3390 80 20 Cash paid for salaries and all other compensation of officers and other home office employees 19165 10 23 Cash paid for insurance department fees and agents licenses 979 50 24 Cash paid for rent 1530 00 26 Cash paid for furniture fixtures and safes for home and agency offices 629 00 27 Cash paid for advertising 67993 printing 148633 2166 26 28 Cash paid for real estate expenses other than taxes 29 10 29 Cash paid for the following items viz Postage express and telegrams 75852 taxes on real estate 9343 fire insurance 5340 general expenses 173533 total miscellaneous expenses 2640 68 30 Total disbursements 65646 36 322077 47 Agents accounts charged to loss accounts 2183 83 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all ineumbrances 12500 00 2 Loans on mortgage first liens on real estate 192695 88 3 Loans secured by pledge of bonds stocks or other market able collaterals 42400 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 156 00 5 Premium notes loans or liens on policies in force of which 102292 was received durng the year 1343 52 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 33000 00 7 Cash in companys office 25 65 8 Cash deposited in banks 36878 40 9 Bills receivable 366 05 0 Agents ledger balances 528 14 11 Total net or ledger assets 319893 64 Other Assets 14 Interest due 2100 and accrued 321659 on mortgages 2237 59 15 Interest accrued on bonds and Btocks 343 61504 ComptrollerGenerals Report 16 Interest due 2400 and accrued 59960 on collateral loans 623 60 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business Renewals 23 Gross premiums due and unreported on policies in force December 21 19 24 Gross deferred premiums on policies in force Decem ber 31 19 56 83 2182 25 1376 54 1371 87 Totals 25 Deducting loading 1433 37 3554 12 708 56 491 36 26 Net amount of uncolleeted and deferred premiums 724 81 3062 76 Total assets as per the books of the company Items Not Admitted Premiums notes and loans on policies and net premiums in excess of the net value of their policies 9 Total assets less items not admitted VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the American Experience Table of Mortality with 3yz per cent interest preliminary 43901 77 Deduct net value of risks of this company reinsured in other solvent companies firm basis 399 86 Net reinsurance reserve t 16 Amount of any other liability of the company viz Premiums paid in advance 33742 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities Business in Georgia During 1907 Number and amount of policies on the lives of citizens of Georgia issued during the year 4204 80 2500 00 1000 00 3787 57 331386 01 27 14 331358 87 43501 91 1324 39 44826 30 286532 57 331358 87 3 6500 00 I CompteollebGenebal s Repoet Amount of premiums collected or secured in Georgia during the year in cash 20213 and notes or credits without any deduction for losses dividends commissions or other expenses 505 202 13 SOUTHERN STATES LIFE INSURANCE COMPANY OF MONTGOMERY ALA Wilmer L Moore President Frank Qrme Secretary Principal Office Atlanta Ga Wm A Wright Atlanta Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year 215751 69 Extended at 215751 69 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 154141 37 iy2 Cash received for renewal premiums without deductions for commissions or other expenses 40123 03 2 Premium notes loans or liens taken in part payment for premiums on new policies 3238 33 2 Premium notes loans or liens taken in part payment for renewal premiums 26316 52 3 From dividends applied to pay running premiums 8697 46 3 From dividends applied to purchase paidup additions and annuities 38 31 4 From surrender values applied to pay run ning premiums 1844 73 Total 234399 75 6 Deduct amount of premiums paid to other companies for reinsurance on polices in this company 710 25 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 233689 50 5638 45 5864 74247977 41 506 ComptrollerGenerals Report 10 Cash received for interest on premium notes loans on liens 660 08 11 Cash received for interest on other debts due the company 62523 being interest on deopsits in banks 1009 82 19 Prom all other sources viz Advance premiums etc 1114 32 Total income IIIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary ad ditions 11 Cash dividends applied to pay running premiums 12 Cash dividends applied to purchase paidup additions and annuities 14 Surrender values applied to pay running premiums Total paid policyholders 16 Cash paid stockholders for interest on dividends 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 386700 inspec tion of risks 80412 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid for department fees licenses and taxes on hew premums 24 Cash paid for rent 27 Cash paid for advertising 191923 printing and sta tionery 139245 postage telephone telegram and ex press 79790 exchange 3234 28 Cash paid for legal expenses 29 Cash paid for the following items viz Investment ex penses 17420 incidental expenses general office 55533 advance deposits 1906 transferred to prem ium income 171122 2440 75 18 Agency supervision traveling and all other agency ex penses 4528 34 Total miscellaneous expenses 12481995 30 Total disbursements 124819 95 IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 102125 00 4 Loans made in cash to policyholders on this companys polices assigned as collateral 12404 00 5 Premium notes loans or liens on policies in force of which all was received during the year 10109 51 36500 00 8697 46 38 31 1844 73 47080 50 6000 00 31511 82 10428 08 4671 12 10627 35 1658 42 829 21 4141 92 902 50 ComptrollerGenerals Report 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances of which all was advanced during the year Purchase money notes secured by real estate 507 13 Total net or ledger assets less depreciation Other Assets 14 Interest due 35750 and accrued 54642 on mortgages 15 Interest accrued on bonds and stocks 17 Interest accrued on premium notes loans or liens 18 Interest accrued on other assets 125677 51 4458 13 78234 28 5568 74 331 88 338909 15 903 92 541 67 80 75 161 38 Total carried out 1687 72 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 16919 52 24 Gross deferred premiums on policies in force De cember 31 1907 850 84 15131 56 Totals 25 Deduct loading 17770 36 15131 56 8181 18 3868 12 26 Net amount of uncollected and deferred premiums 9589 18 11263 44 20852 62 28 Total assets 361449 49 Items Not Admitted 5 Agents balances 556874 less 120000 repaid since December 31 1907 4368 74 6 First year premium notes in excess of reserves on their policies 1100 59 Total 9 Total assets 5469 33 255980 W508 CoMPTROLLERGtENERAls REPORT VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries Table of Mortality with 3 per cent interest 186759 00 Deduct net value of risks of this company reinsured in other solvent companies 355 00 Net reinsurance reserve 186404 00 6 Net present value of annuities 11 60 7 Reserve for health and accident benefits contained in life policies 10 50 22 10 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 133 69 16 Amount of any other liability of the company viz Prem iums paid in advance 362 Jl 16 Advance deposits unearned interest paid in advance 1323 79 17 Liabilities on polieyholders account 188246 49 18 Gross surplus on polieyholders account 167733 07 19 Total liabilities 355980 16 Business in Georgia During 1907 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 440 1923000 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 944 2387500 00 Total 1384 4310500 00 Deduct number and amount which have ceased to be in force during the year 78 302500 00 Total number and amount of policies in force in Georgia December 31 1907 1306 4008000 00 Amount of losses and claims on policies in Geor gia incurred during the year 6 29500 00 Total 6 29500 00 Amount of premiums collected or secured in Georgia during the year in cash 14515975 and notes or credits 952022 without any deduction for losses dividends commissions or other expenses 154 079 97ComptrollerGenerals Eepobt 509 SOUTHERN LIFE INSURANCE COMPANY OP FAYETTEVILLE N C E H Williamson President John A Oates Secretary Principal Office Fayetteville N C T H McMillan Savannah Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 153700 00 2 Amount of capital sub scribed but unpaid 8000 00 Amount of net or ledger assets December 31 of previous year Increase of capital during 1907 Extended at 188375 95 620 00 IIIncome During Year 1907 187755 95 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 1 Cash received for renewal premiums without deductions for commissions or other expenses Total 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 326849 renewals 13528 110809 71 79926 16 190735 87 3403 77 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 13 Cash received for rents for use of companys property including 8000 for companys own occupancy 15 Ledger assets other than premiums received from other companies for assuming or reinsuring their risks 16 From dividends and surrender values on reinsurance suspense 17 Premium notes loans or liens restored by revival of policies 19 From all other sources viz Interest on collateral loans 1500 deposits 109451 surplus paid by stockholders 3200000 187332 10 7208 65 423 58 593 33 80 00 825 00 68 43 25 55 33109 51 Total income 229666 15510 ComptbollebGeneeals Repoet IIIDisbursements For The Year 1907 1 Cash paid for death claims including revis ionary additions 9 Premium notes loans or liens used in purchase of sur rendered policies 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7106475 renewals 195686 18 Cash paid for salaries and allowances to managers and agents 1699306 and 278877 19 Cash paid for medical examiners fees 1513086 inspec tion of risks 77931 20 Cash paid for salaries and all other compensation of officers and other home office employees 21 Cash paid on supplementary contracts 22 Cash interest on bonds purchased 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent including 8000 companys occupancy less 28230 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 115817 printing 373581 and stationery postage 98064 28 Cash paid for legal expenses 29 Cash paid for the following items viz Paid reinsurance accident clauses Office expense 170284 premium on stock sold then cancelled 1630 30 Total disbursements IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances less inc 1000 2 Loans on mortgage first liens on real estate less 110000 due 3 Loans secured by pledge of bonds stocks or other market able collaterals 4 Loans made in cash to policy holders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force of which 719800 for new premiums was received during the year 34408 IS 1589 87 1898 95 1291 51 73021 61 19781 83 15910 17 11288 198 31 58 67 33 2620 03 745 46 170 16 2042 90 5874 62 572 63 2232 97 3332 84 177013 51 8225 68 142439 86 4000 00 3723 55 12162 03ComptrollerGenekals Report 511 6 Cash value of bonds and stocks owned excluding accrued interest at time of purchase 8 Cash deposited in banks 9 Cash deposited in trust companies on interest 10 Agents ledger balances Loans on collateral 11 Total net or ledger assets 240403 59 Other Assets 14 Interest accrued on mortgages3 15 Interest accrued on bonds and stocks 17 Interest accrued on premiums notes loans or liens 18 Interest accrued on time deposits ii43 69 120 00 130 60 563 14 Total carried out 20 Market value of real estate over cost New Business 23 Gross premiums due and unreported on policies in force Dec 31 1907 19952 25 24 Gross deferred premiums on policies in force Dec 31 1907 1728 07 Totals 21680 32 25 Deduct loading 20 per cent 4321 66 26 Net amount of uncollected and deferred premiums 28 Total assets Items Not Admitted 5 Agents balances 9 Total assets VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries Table of Mortality with four per cent interest On all business except 5 year terms 3 per cent Deduct net value of risks of this company reinsured in other solvent companies Renewals 19328 88 4028 89 23357 77 4671 55 6500 JO 11081 86 18626 82 1648 79 32000 00 1957 13 1378 32 17358 66 10686 22 36044 8S 279789 22 1648 79 278140 43 1046 64 2 73 1379 00 Net reinsurance reserve 103558 00512 ComptrollerGenerals Eeport 3 Claims for death losses due and unpaid proofs not re ceived 11 Amount of unpaid dividends to stockholders suspense 12 Amount of national State or other taxes due 13 Amount due on account of salaries rents and office expenses 14 Interest due or accrued and rents paid in advance 16 Amount of any other liability of the company viz Prem iums paid in advance Medical examiners fees due 17 Liabilities on policyholder s account 18 Gross surplus on policy holders account capital stock ap plied for 19 Total liabilities Business in Georgia During 1907 No Amount of losses and claims on policies in Geor gia incurred during the year 2 Amount of losses and claims on policies in Geor gia paid during the year 2 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 7500 00 68 43 11 00 1393 39 921 33 647 90 510 00 114610 OS 163530 38 278140 43 Amount 10000 00 6000 00 23206 51 SOUTH ATLANTIC LIFE INSUEANCE COMPANY OF RICHMOND VA E Strudwick Present b W Lacy Jr Secretary Principal Office Richmond Va E L Walton Newnan Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets Decem ber 31 of previous year 447939 91 Extended at 447939 91 IIIncome During Year 1907 1 ash received for premiums on new policies without deductions for commis sions or other expenses 53 298 34ComptrollerGeneral s Report 513 1 Cash received for renewal premiums without deductions for commissions or other expenses 103128 50 3 From dividends applied to pay running premiums 915 87 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 291375 renewals 580136 8715 11 7 Total premium income 148627 60 8 Cash received for interest on mortgage loans 6976 55 9 Cash received for interest on bonds owned and dividends on stock 15508 21 10 Cash received for interest on premium notes loans or liens 1674 57 11 Cash received for interest on other debts due the company 2679 73 Total income 175466 36 TILDisbursements For The Year 1907 1 Cash paid for death claims including revisionary addi tions 21492 00 13 Surrender values paid in cash 1968 48 14 Surrender value applied to pay running premiums 915 87 Total paid policyholders 24376 35 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 2850734 renewals 304742 31554 76 18 Profit and loss 2282 91 19 Cash paid for medical examiners fees 574100 inspec tion of risks 95598 6696 9B 20 Clash paid for salaries and all other compensation of officers and other home office employees 16377 40 21 Cash paid for taxes on new premiums renewals reserves investments insurance department fees agents licenses and municipal licenses 5509 08 24 Cash paid for rent 1481 25 25 Miscellaneous expenses 189 11 26 Cash paid for furniture fixtures and safes for home and agency offices 605 79 27 Cash paid for advertising 267527 printing 325487 postage telegraph and express 184580 7775 94 28 Cash paid for legel expenses 328 19 29 Cash paid for the following items viz Agency super vision traveling and all other agency expenses 8825 18 Organization expenses returned 6859 06 30 Total disbursements 33cg 112861 00514 CompteolleeGeneeals Repobt IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 1000000 is insurance lien 141290 00 3 Loans secured by pledge of bonds stocks or other market able collaterals 48300 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 27852 75 5 Premium notes loans or liens on policies in force 317 81 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 247142 65 7 Cash in companys office 4677 91 8 Cash deposited in banks 15283 24 9 Bills receivable 24576 82 Premium notes 17397 lien 73618 25 per cent lien 19424 1104 39 510545 57 13 Total net or ledger assets less depreciation 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 18 Interest accrued on other assets 2258 33 3199 74 378 33 95 92 20 30 Total carried out 21 Market value of bonds and stock over cost New Business Renewals 23 Gross premiums due and unreported on policies in force Dec 31 1907 24 Gross deferred premiums on policies in force December 21 1907 140 80 8417 58 4806 22 Totals 25 Deducting loading 140 80 13223 80 56 65 1983 57 26 Net amount of uncollected and deferred premiums 84 15 11240 23 27Furniture fixtures and safes 235811 stationery 3 28200 Premium notes not regarded as ledger assets secured by reserve value of policies 5952 67 11897 35 11324 38 5640 11 4486 30 28 Total assets 549846 38COMPTROLLERGrENERAL s REPORT 515 Items Not Admitted 2 Judgment 328200 furniture fixtures and safes 235811 5640 11 5 Agents balances 24750 79 Total VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries Table of Mortality with four per cent interest and 314 per cent 310715 53 Deduct net value of risks of this company reinsured in other solvent companies 15932 68 30390 JO Net reinsurance reserve 7 Commission due to agents on premium notes when paid Premiums paid on advance including surrender balance so applied Unearned interest and rent paid in advance 12 Amount of national State or other taxes due 13 Amount due on account of salaries rents and office ex penses Medical examiners and legal fees due on accrued 17 Capital stock 18 Surplus unassigned funds 19 Total liabilities Business in Georgia During 1907 No Deduct number and amount which have ceased to be in force during the year 1 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits withont any deduction for losses dividends commissions or other expenses 1 294932 85 228 24 740 96 80 00 1328 58 217 86 315 50 200000 00 21611 49 519455 48 Amount 1000 00 1533 32516 GompteollerGenekals Report state life insurance company of indianapolis ind H W Bennett President W S Wyan Secretary Principal Office State Life Bldg C V LeCraw Atlanta Attorney for Service in Georgia 1Capital Stock Amount of net or lerger assets December 31 of previous year 4966895 73 Extended at 4966895 73 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 452056 51 1 y Cash received for renewal premiums without deductions for commissions or other expenses 1873452 90 2 Premium notes loans or liens taken in part payment for renewal premiums 202103 52 3 From dividends applied to pay running premiums 75253 52 32 From dividends applied to purchase paidup additions and annuities 1316 95 4 From surrender values applied to pay run ning premiums 181 21 4Va From surrender values applied to pur chase paidup insurance and annuities 27633 31 5 Consideration for annuities other than matured installment policies 130 00 Total 2632127 92 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 349362 renewals 431854 7812 16 7 Total premium income 2624315 76 8 Cash received for interest on mortgage loans 136501 28 9 Cash received for interest on bonds owned and divi dends on stock 3 143 50 10 Cash received for interest on premium notes loans or liens 71917 25 11 Cash received for interest on other debts due the company 3166 52ComptrollerGenerals Report 517 13 Cash received for rents for use of companys property including 1266468 for companys own occupancy 102530 99 19 From all other sources viz Partial payments on voided notes 226 93 Total income 2941802 23 IIIDisbursements For The Year 1907 527745 48 1 Cash paid for death claims including revisionary additions 5 Cash paid for sums falling due during the year on installment policies 500 00 7 Total net amount actually paid for losses and matured endowments 9 Premium notes loans or liens voided by lapse 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running premiums 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 528245 48 48427 06 11784 57 75253 52 1316 95 179423 81 181 21 27633 31 Total paid policyholders 872255 91 16 Losses on investments 5140 67 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 356870 22 renewals 27783714 634707 36 18 Cash paid for salaries and allowances to managers and agents 29450 45 19 Cash paid for medical examiners fees 1768350 in spection of risks 547612 23159 62 20 Cash paid for salaries and all other compensation of officers and other home office employees 116931 47 21 Cash paid for taxes on new premiums 40555 27 22 Cash paid for taxes on reserves 146340 on invest ments 1182060 13284 00 23 Cash paid for insurance department fees and agents licenses 804493 municipal licenses 106653 9111 46 24 Cash paid for rent including 1266465 companys oc cupancy 19005 38 25 Cash paid for commuting commissions 9902 13 26 Cash paid for furniture fixtures and safes for home and agency offices 2429 84 27 Cash paid for advertising 486673 printing 1057450 postage etc 907669 24517 92518 CompteollerGenebals Eepoet 28 Cash paid for real estate expenses other than taxes 3418376 for legal expenses 578258 39966 34 29 Cash paid for tfce following items viz Traveling ex penses 1033923 investment expense 172562 12064 85 Discount on premiums paid in advance 157 miscel laneous expenses 288414 2885 71 Total miscellaneous expenses 97797180 30 Total disbursements 1855368 38 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbranees 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policy holders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances 11 Total net or ledger assets 12 Deduct depreciation from cost of assets to bring same to market value 992888 00 3264891 84 1381745 25 80230 i5 95428 72 16001 24 129326 29 92817 89 6053329 58 10708 20 13 Total net or ledger assets 6042621 35 Other Assets 14 Interest due 399226 and accrued 50 19592 on mortgages 54188 13 15 Interest due 15000 and accrued 51250 on bonds and stocks 662 50 17 Interest accrued on premiums notes loans or liens 802 30 18 Interest accrued on other assets 300 00 19 Rents due 16800 and accrued 76732 on companys property or lease 935 32 Total carried out 20 Market value of real estate over cost New Business 56888 30 207112 00 Renewals 23 Gross premiums due and unreported on policies in force Dec 31 1907 90648 61 117174 47 24 Gross deferred premiums on policies in force De cember 31 1907 3948 71 38606 98 Totals 94597 32 155781 45ComptkollekGenekals Kepoet 519 25 Deducting loading per cent on new 19 410 per cent on newals 7110 and re 67258 69 30221 60 26 Net amount of uncollected and deferred premiums 27338 63 125559 85 Unearned premiums for fire insurance in home office building 152898 48 2120 99 28 Total assets 6461641 15 Items Not Admitted 5 Agents balances 92817 89 9 Total assets 6368823 26 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries Table of Mortality with four per cent interest and American 3 and 3 5420516 00 Deduct net value of risks of this company reinsured in other solvent companies 4485 00 Net reinsurance reserve 5416031 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 13669 31 5 Claims for death losses and matured en dowments in process of adjustment or f adjusted and not due 86800 00 6 Claims for death losses and other policy claims resisted by the company 54639 00 8 Present value of unpaid amounts on i matured installment policies 11880 00 Total policy claims 166988 31 10 Amount of all unpaid dividends of surplus or other description of profits due policyholders 2508 12 12 Amount of national State or other taxes acrued 27271 31 13 Amount due on account of salaries rents and office expenses 14987 95 16 Amount of any other liability of the company 599992 Interest and rents paid in advance 27634 90 17 Liabilities on policyholders account 5661421 51520 ComptrollerGenerals Report 18 Gross surplus on policyholders account 707401 75 19 Total liabilities 6368 823 26 Business in Georgia During 1907 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1684 4888623 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 559 1523965 00 Total 2243 6412588 00 Deduct number and amount which have ceased to be in force during the year 391 1114392 00 Total number and amount of policies in force in Georgia December 31 1907 1952 5298 196 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 2 6000 00 Amount of losses and claims on policies in Geor gia incurred durng the year 13 35000 00 Total 15 41000 00 Amount of losses and claims on policies in Georgia paid during the year 14 36000 00 Amount of premiums collected or secured in Georgia during the year in cash notes or credits without any deduction for losses dividends commissions or other expenses 164597 59 STATE MUTUAL ASSUEANCE COMPANY OF WORCESTER MASS A G Bullock President H M Witter Secretary Principal Office 340 Main St Worcester Mass Win A Wright Atlanta Attorney for Service in Georgia 1Capital Stock Amount of net or ledger assets December 31 of previous year 27545459 56 Extended at 27545459 56 IIIncome During Year 1907 1 Cash received for premium on new policies without deductions for commssions or other expenses 362602 97COMPTBOLLEBGrENERAL s EePOBT 521 1 Cash received for renewal premiums without deductions for commissions or other expenses 3673366 20 3 From dividends applied to pay running premiums 394950 86 3 From dividends applied to purchase paid up additions and annuities 137456 06 5 Consideration for annuites other than matured installment policies 28108 50 Total 4596484 59 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 110482 renewals 6661814 67722 96 7 Total premium income 4528761 63 8 Cash received for interest on mortgage loans 202487 35 9 Cash received for interest on bonds owned and dividends on stock 809752 55 10 Cash received for interest on premium notes loans or liens 139916 47 11Cash received for interest on other debts due the company 55796 81 12 Cash received as discount on claims paid in advance 362 56 13 Cash received for rents for use of companys property including 2000000 for companys own occupancy 123021 72 14 Cash received for profits on sales of bonds or stocks 4280 real estate 25000 4530 00 16 From dividends and surrender values on reinsurance 38073 33 19 From all other sources viz Sale of rights on stocks etc and supplemental contract 21166 01 Total income 5923868 43 IIIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary additions 1382245 89 3 Cash paid for matured endowments and additions thereto 497576 36 5 Cash paid for sums falling due during the year on installment policies 5726 99 Total 1885549 24 6 Deduct amount received from other com panies for losses or claims on policies of this company 37500 00 7 Total net amount actually paid for losses and matured endowments 1848049 24522 ComptrollerGenerals Report 5 Cash paid to annuitants 6229 63 9 Premium notes loans or liens voided by lapse 1092 00 10 Cash dividends paid policyholders 52321 53 11 Cash dividends applied to pay running premiums 394950 86 12 Cash dividends applied to purchase paidup additions and annuites 137456 06 13 Surrender values paid in cash 545269 46 Total paid policyholders 2985368 78 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 15424597 renewals 22655413 380800 10 18 Cash paid for salaries and allowances to managers and agents 65535 01 19 Cash paid for medical examiners fees 2211900 in spection of risks 737660 29495 60 20 Cash paid for salaries and all other compensation of officers and other home office employees 84140 76 21 Cash paid for taxes on new premiums 39553 94 22 Cash paid for taxes on reserves 3564214 on invest ments 2033786 55980 00 23 Cash paid for insurance department fees and agents licenses 453284 municipal licenses 148757 6020 11 24 Cash paid for rents including 2000000 companys oc cupancy 32485 13 25 Cash paid for commuting commissions 4 762 34 26 Cash paid for furniture fixtures and safes for home and agency offices 4720 63 27 Cash paid for advertising 424088 printing 1413603 18376 91 28 Cash paid for real estate expenses other than taxes 36 07928 for legal expenses 281476 38 894 04 29 Cash paid for the following items viz Postage tele grams telephone and express g jqq 77 Agency supervision 1108735 profit and loss 1261750 premium on bonds and sundries 2515837 48 863 22 30 Total disbursements 3 801 766 64 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 1690036 00 2 Loans on mortgage first liens on real estate 4772 263 00 3 Loans secured by pledge of bonds stocks or other market able collaterals 3gg gi 04 4 Loans made in cash to policyholders on this companys policies assigned as collateral 3 127 159 70 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 19 Q2g jgQ jq 7 Cash in companys office 3 720 40ComptrollerGenerals Report 523 Cash deposited in banks Loans on personal security Loans to corporations 259293 06 16434 77 376177 00 11 Total net or ledger assets 29667561 85 12 14 15 16 17 18 19 Deduct depreciation from cost of assets to bring same to market value Total net or ledger assets less depreciation Other Assets Interest due 317250 and accrued 61 39671 on mortgages 64579 21 Interest due on bonds and stocks 231555 56 Interest due 55843 and accrued 6 10862 on collateral loans 6667 05 Interest due 366420 and accrued 40 13549 on premiums notes loans or liens 4379969 Interest due 8343 and accrued 497517 on other assets 5058 60 Rent accrued on companys property or lease 11633 44 809847 00 28857714 35 Total carried out 363293 55 New Business Renewals 23 24 Gross premiums due and unreported on policies in force December 31 1907 38258 85 299278 18 Gross deferred premiums on policies in force Decem ber 31 1907 54352 15 424 731 96 25 26 Totals Deducting loading 23y2 per cent on new and 23 per cent on re newals 92611 00 724010 14 21763 58 170142 38 Net amount of uncollected and deferred premiums 70847 42 553867 76 624715 18 Items Not Admitted Total assets 29845723 08524 ComptrollerGenerals Report VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries Table of Mortality with four per cent interest and American table of mortality with 3 per cent interest 27772341 00 Deduct net value of risks of this company reinsured in other solvent companies 198495 00 Net reinsurance reserve 27573846 00 5 Claims for death losses and matured en dowments awaiting proofs 50847 00 6 Claims for death losses and other policy claims resisted by the company 10000 00 8 Present value of unpaid amounts on matured installment policies 111969 73 Total policy claims 60847 00 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 221011 57 16 Amount of any other liability of the company viz Prem iums paid in advance 604200 dividend and special reserve 25864566 318687 66 17 Liabilities on policyholders account 28286361 96 18 Gross surplus on policyholders account 1559361 12 19 Total liabilities 29845723 08 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous yea 585 1138239 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 102 208638 00 Total 687 1346877 00 Deduct number and amount which have ceased to be in force during the year 105 170597 00 Total number and amount of policies in force in Georgia December 31 1907 582 1176280 00 Amount of losses and claims on policies in Georgia incurred during the year 17 10 726 72 Amount of premiums collected or secured in Georgia dur ing the year in cash and notes or credits with out any deduction for losses dividends commissions or other expenses 4 36564 52ComptrollerGenerals Report 525 STATE MUTUAL LIFE INSURANCE COMPANY OF ROME GA C R Porter President A C Wadsworth Secretary Principal Office Rome Ga Dean and Dean Rome Attorney for Service in Georgia Amount of net or ledger assets December 31 of previous year 581360 47 Extended at 581360 47 IIIncome During Year 1907 410997 19 1 Cash received for premiums on new policies without deductions for com missions or other expenses 1163506 16 1 Cash received for renewal premiums without deductions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 1574503 35 3 From dividends applied to pay running premiums 3 From dividends applied to purchase paidup additions and annuities 4 From surrender values applied to pay running premiums 4 From surrender values applied to pur chase paidup insurance and annuities 47431 81 119 47 18100 32 341 36 Total 1640496 31 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 3 fi 84 7 Total premium income 1639435 47 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividend 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 15244 92 4657 50 16849 32 3466 21 1600 00 Total income 1681253 42526 ComptrollerGenerals Report IIIDisbursements for the Year 1907 1 Cash paid for death claims including revisionary additions 126485 69 5 Cash paid for sums falling due during the year on annuity policies 27098 49 7 Total net amount actually paid for losses and matured endowments 153584 18 9 Premium notes loans or liens used in purchase of sur rendered policies 694 10 11 Cash dividends applied to pay running premiums 47431 81 12 Cash dividends applied to purchase paidup additions and annuities 119 47 13 Surrender values paid in cash 11050 32 14 Surrender values applied to pay running premiums 18100 32 15 Surrender values applied to purchase paidup insurance and annuities 341 36 Total paid policyholders 23132206 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 62696128 renewals 3864715 665608 43 18 Cash paid for salaries and allowances to managers and agents 7535 46 19 Cash paid for medical examiners fees 4566649 in spection of risks 1025800 55924 49 20 Cash paid for salaries and all other compensation of officers and other home office employees 43270 93 21 Cash paid for taxes on new premiums 14705 52 22 Cash paid for taxes on reserves 1140 00 23 Cash paid for insurance department fees and agents licenses 222860 municipal licenses 48330 2711 90 24 Cash paid for rent including 150000 companys occu pancy 2555 31 25 Cash paid for commuting commissions agency supervision traveling and all other agency expenses 11932 45 26 Cash paid for furniture fixtures and safes for home and agency offices 2520 16 27 Cash paid for advertising 964754 printing 1589448 postage telephone telegraph etc 403228 29574 38 28 Cash paid for legal expenses 6832 47 29 Cash paid for the following items viz Exchange and discount 188686 special examiners 102349 fire in surance 19408 office expenses 701248 loss on sale of bonds 23892 10355 83 Total miscellaneous expenses 8546679300 30 Total disbursements 085 989 89ComptrollerGeneral s Report 527 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 25649 00 2 Loans on mortgage first liens on real estate 281341 32 4 Loans made in cash to policyholders on this companys policies assigned as collateral 493443 47 5 Premium notes loans or liens on policies in force 438 29 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 122042 14 7 Cash in companys office 5424 51 8 Cash deposited in banks 101079 14 9 Bills receivable 56365 34 10 Agents ledger balances 24574 21 Outstanding nets new business 66266 08 11 Total net or ledger assets 1176624 08 Other Assets 14 Interest accrued on mortgages 15 Interest accrued on bonds and stocks 18 Interest due 84724 and accrued 2 20816 on other assets Total carried out 23 Gross premiums due and unreported on policies in force December 31 1907 See 10 above 24 Gross deferred premiums on policies in force De cember 31 1907 Totals See 10 above 25 Deduct loading See 10 above 26 Net amount of uncollected and deferred premiums See 10 above Items Not Admitted 5 Agents balances 7 Bills receivable 8 Supplies printed matter and stationery book value of ledger assets over market value 219 33 2140 00 3055 39 5414 72 162351 59 18650 87 181192 46 18119 25 163073 21 163073 21 15000 00 56365 34 620 00 Total 71985 34 Total assets less items not admitted 1273126 59528 ComptrollerGenerals Report VLiabilities 1 Net present value of all the oustanding policies in force on the 31st day of De cember 3907 computed according to The American Experience Table of Mortality with 3 and 3 per cent interest 1196275 40 Deduct net value of risks of this company reinsured in other solvent companies 2599 18 Net reinsurance reserve 1193676 22 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 3753 44 3 Claims for death losses due and unpaid 13500 00 5 Claims for death losses and matured en dowments in process of adjustment or ad justed and not due 1000000 5000 00 Total policy claims 22253 44 12 Amount of national State or other taxes due 1000 00 13 Amount due on account of salaries rents and office expenses 1614 79 17 Liabilities on policyholders account 1218544 45 18 Gross surplus on policyholders account 54582 14 19 Total liabilities 1273126 50 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in fore December 31 of prev ious year 2476 8060401 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 2233 7223177 00 Total 4709 15283578 00 Deduct number and amount which have ceased to be in force during the year 1090 3273400 00 No Amount Total number and amount of policies in force in Georgia December 31 1907 3619 12010178 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 2500 00 Amount of losses and claims on policies in Georgia incurred during the year 15 31000 00 Total 16 33500 00 ComptrollerGenerals Eeport 529 14 Amount of losses and claims on policies in Georgia paid during the year Annuity Amount of premiums collected during the year in cash 21000 00 12374 00 604504 30 SUN LIFE INSURANCE COMPANY OP CANADA R Macaulay President T B Macaulay Secretary Principal Office Montreal Canada J S Cameron Atlanta Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 105000 00 2 Amount of capital sub scribed but unpaid 595000 00 Amount of net or ledger assets December 31 of previous year 22514706 58 Extended at 22514706 58 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 785154 22 1 Cash received for renewal premiums without deductions for commissions or other expenses 3719440 08 3 From dividends applied to pay running premiums 63098 00 3 From dividends applied to purchase paid up additions and annuities 155991 88 4 From surrender values applied to pay run ning premiums 2459 08 5 Consideration for annuities other than matured installment policies 197047 67 Total 4923190 93 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 332977 renewals 123955 4569 32 7 Total premium income 4918621 61 8 Cash received for interest on mortgage loans 99445 40 34cg530 ComptrollerGeneral s Beport 11 12 13 9 Cash received for interest on bonds owned and dividends on stock 922795 50 10 Cash received for interest on premium notes policy loans or liens 137991 68 Cash received for interest on other debts due the com pany collateral loans 11465430 deposits in bank 772572 122380 02 Cash received for discount on claims paid in advance 947 32 Cash received for rents for use of companys property in cluding 250000 for companys own occupancy 48875 95 14 Cash received for profits on sales of bonds or stocks 24 22903 real estate 346000 total 27689 03 18 Deposits to meet maturing debentures etc 21740 20 19 From all other sources viz Renewal premiums on com bined accident policies 117 68 Total income 6300604 39 Total 28815310 37 IIIDisbursements For The Year 1907 1 Cash paid for death claims including revis ionary additions 1042885 01 3 Cash paid for matured endowments and additions thereto 423417 99 5 Cash paid for sums falling due during the year on installment policies 7689 99 Total 1473992 99 Expense of investigation and settlement of claims 2057 45 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in pur chase of surrendered policies guaranteed interest pay ments 10 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 Total paid policyholders 238580193 16 Cash paid stockholders for interest on dividends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance now policies 44163125 renewals 19107361 1476050 44 153882 96 881 37 172245 41 63098 00 155991 88 370940 23 2459 08 15750 00 632704 86ComptrollerGenerals Report 531 18 Cash paid for salaries and allowances to managers and agents Agency supervision traveling and other agency expenses 19 Cash paid for medical examiners fees 5372259 in spection of risks 171622 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 including 250000 companys occu pancy j 25 Cash paid for legal expenses 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 2081668 printing and sta tionery 2234964 postage and sundries 2509014 28 Cash paid for real estate expenses other than taxes 2222405 for taxes 735189 29 Cash paid for the following items viz Thrift depart ment expenses Accident department expenses 30 Total disbursements 3760431 30 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 743845 45 2 Loans on mortgage first liens on real estate 1780637 14 3 Loans secured by pledge of bonds stocks or other market able collaterals 1120122 50 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2223079 70 Under nonforfeiture agreements 449239 18 5 Premium notes loans or liens on policies in force 269 20 6 Cost value of bonds and stoeks owned excluding accrued interest at time of purchase 18634958 77 7 Cash in companys office 18352 04 8 Cash deposited in banks 37612 05 10 Agents ledger balances 8123 64 Gross rents 38640 00 249856 61 70050 28 55438 81 123844 09 50343 30 30561 09 5904 45 5306 32 68255 80 29575 94 27275 62 14 70 13 Total net or ledger assets less depreciation 25054879 67 Other Assets 14 Interest due 926075 and accrued 28 67700 on mortgages 37937 75 15 Interest due 3160243 and accrued 206 46996 on bonds and stocks 238072 39 16 Interest accrued on collateral loans 7625 28532 ComptrollerGenerals Report 17 Interest due 27963 and accrued 424347 on premiums notes loans or liens 4523 10 19 Rents due 316586 and accrued 547410 on companys property or lease 8639 96 Total carried out 21 Market value of bonds and stocks over cost New Business Renewals 296798 48 573537 50 23 Gross premiums due and unreported on policies in force December 31 1907 150375 74 360897 66 24 Gross deferred premiums on policies in force December 31 1907 61553 07 181289 10 Totals 211928 81 542186 76 25 Deducting loading 35 per cent on new and 20 per centon renewals 74175 08 108437 35 26 Net amount of uncollected and deferred premiums 137753 73 433749 41 571503 14 Total assets 26496718 79 Items Not Admitted 5 Agents balances 8123 64 9 Total assets 26488595 15 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Institute of American Actuaries Table of Mortality with 3 and 3 per cent interest 23703620 55 Deduct net value of risks of this com pany reinsured in other solvent com panies 7944 44 Net reinsurance reserve 23695676 11 3 Claims for death losses due and unpaid instalment policies 100 00 4 Claims for matured endowments due and unpaid 2036 90ComptbollebGeneeal s Repoet 533 5 Claims for death losses and matured en dowments in process of adjustment or ad justed and not due 246055 34 6 Claims for death losses and other policy claims resisted by the company 2600 00 7 Amounts due and unpaid on annuity claims 10667 19 8 Present value of unpaid amoumts on matured installment policies 81513 16 9 Claims reported no proofs received 142443 21 Total policy claims 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 11 Amount of unpaid dividends to stockholders 12 Amount of national State or other taxes due 13 Amount due on account of commissions to agents 14 Amount due by the company for deposits to meet matur ing debentures etc 15 Amount due to medical examiners 16 Amount of any other liability of the company viz Prem iums paid in advance Unearned premiums accident department 7061 un earned interest and rent paid in advance 85164 485415 80 65093 30 7875 00 36498 27 8335 04 13405 16 4790 00 18699 80 922 25 17 Liabilities on policyholders account 24336710 73 18 Gross surplus on policyholders account 2151884 42 19 Total liabilities 26488595 15 20 Estimate surplus accrued on Tontine or other policies the profits upon which are especially reserved for that class of policies 1642445 99 21 Estimated surplus accrued on all other policies 404438 43 Capital stock 105000 00 2151834 42 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1163 2220952 60 Number and amount of policies on the lives of citizens of Georgia issued during the year 308 659192 05 Total 1471 2880144 65534 ComptrollerGenerals Beport Deduct number and amount which have ceased to be in force during the year 328 756644 15 Total number and amount of policies in force in Georgia December 31 1907 1143 2123500 50 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 3 7046 00 Amount of losses and claims on policies in Georgia incurred during the year 17 69064 48 Total 20 76110 48 Amount of losses and claims on policies in Georgia paid during the year 15 23610 48 Amount of premiums collected 71904 49 THE TRAVELERS INSURANCE COMPANY OF HARTFORD CONN Sylvester C Dunham President Louis F Butler Secretary Home Office 700 Main St Hartford Conn IVm A Wright Atlanta Attorney for Service in Georgia 1Capital Stock 2 Amount of ledger assets as per balance December 31 of previous year 40719400 87 Extended at 40719400 87 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 1347042 for first years reinsurance 730089 34 8 Dividends applied to purchase paidup ad ditions and annuities 20385 00 10 Consideration for original annuities in volving life contingencies 18 750 45 11 Consideration for supplementary contracts involving life contingencies 12 881 10 12 Total new premiums 7g2 105 79 13 Renewal premiums without deduction for commissions or other expenses less 129 98493 for reinsurance on renewals 5115 622 60 14 Dividends applied to pay renewal prem iums 33053 87 16 Renewal premiums for deferred annuities 1535 61 17 Total renewal premiums 5 g 212 08 38 Total premium income 5932317 87ComptrollerGenerals Report 535 19 Consideration for supplementary contracts not involving life contingencies 508087 90 22 Gross interest on mortgage loans 595495 25 23 Gross interest on collateral loans 56174 28 24 Gross interest on bonds and dividends on stocks 1060020 31 25 Gross interest on premium notes policy loans or liens 241780 92 26 Gross interest on deposits in trust com panies and banks 7811 02 27 Gross interest on other debts due the com pany 1018 62 28 Gross discount on claims paid in advance 2698 52 29 Gross rent from companys property in cluding 6793012 for companys occu pancy of its own buildings 120632 80 30 Total gross interest and rents 2085631 72 31 Gross profit on sale or maturity of ledger assets viz Keal estate 4658126 bonds 7326875 119850 00 39 Total income 8645887 49 IIIDisbursements 1 For death claims less 1450000 reinsur ance 185242820 additions 8400 1852512 20 2 For matured endowments less 778600 reinsurance 663636 55 3 Net amount paid for losses and matured endowments 2516148 75 4 For annuities involving life contingencies 25133 32 6 Surrender values paid in cash 321323 27 10 Dividends applied to pay renewal premiums 33053 87 11 Dividends applied to purchase paidup additions and an nuities 20385 00 12 Total paid policyholders 291604421 13 Expenses of investigation and settlement of policy claims including 4060 for legal expenses 469 38 14 Paid for claims on supplementary contracts not involving life contingencies 292112 37 16 Commissions to agents less commission on reinsurance first years premiums 29622057 renewal premiums 24571323 annuities original 86791 renewal 6473 542866 44 18 Salaries and allowances for agencies including managers agents and clerks 136487 56 19 Agency supervision traveling and all other agency ex penses 47925 82 536 ComptrollerGenerals Report 20 Medical examiners fees 4242308 inspection of risks 1200832 54431 4a 21 Salaries and all other compensation of officers directors trustees and home office employees 141506 12 22 Rent including 2037905 for companys occupancy of its own buildings received under sublease 59769 56 23 Advertising 837284 printing and stationery 3089973 postage telegraph telephone and express 3394141 73213 98 24 Legal expenses 2372 90 25 Furniture fixtures and safes 48824 36 26 Insurance taxes licenses and department fees 81554 56 27 Taxes on real estate 21958 65 28 Repairs and expenses other than taxes on real estate 66710 00 29 Gross loss on sale or maturity of ledger assets viz Real estate 3242500 bonds 607790 38502 90 32 Miscellaneous items 15202 83 33 Profit and loss 1416 24 40 Total disbursements 4541369 63 VLedger Assets Home office real estate 1375000 00 1 Book value of real estate 375180 45 2 Mortgage loans on real estate first liens 13676041 12 4 Loans made to policyholders on this companys policies assigned as collateral 5040999 74 5 Premium notes on policies in force of which none is for first years premiums 7019 72 6 Book value of bonds excluding interest 2204267937 and stocks 183369263 23876372 00 7 Cash in companys office 6405 00 8 Deposited in trust companies and banks not on interest 9426 27 9 Deposited in trust companies and banks on interest 452323 79 10 Bills receivable 150209 agents balances 364775 5149 84 12 Total lodger assets 44823918 73 NonLedger Assets 13 Interest due 2130726 and accrued 187 05866 on mortgages 208365 92 14 Interest accrued on bonds 330 187 09 19 Total interest and rents due and accrued 538 553 01 New Business Renewals 23 Gross premiums due and unreported on policies in force December 31 1907 490158 350279 05ComptbolleeGeneeals Eepoet 537 24 Gross deferred premiums on policies in force De cember 31 1907 47180 03 491994 57 25 Totals 52081 61 842273 62 26 Deduct loading 8333 06 96861 47 27 Net amount of uncollected and deferred premiums 43748 55 745412 15 789160 70 33 Gross assets 46151632 14 Deduct Assets Not Admitted 36 Agents debit balances 3647 75 38 Bills receivable 1502 09 41 Bonds and stocks 1455774 48 43 Total M60924 32 44 Total admitted assets 44690708 12 VLiabilities 2 American experience table at 3 per cent on stand ard participating business and upon all other stand ard life policies with sur render values based upon this reserve 2154816 00 Same for reversionary ad ditions 42503 00 2197319 00 All standard life policies 38706870 00 Same for reversionary ad ditions 38706870 00 Substandard contracts valu ed on the American ex perience with 200 per cent mortality and 3 per cent interest 44740 00 Substandard contracts valu ed at American Exper ience with various mor tality ratings and 3 per cent interest 90249 00 Same for reversionary ad ditions 134989 00538 ComptrollerGenerals Report Emory McClintocks Tables of mortality among an nuitants with 3 per cent interest 272538 00 Total 41311716 00 6 Deduct net value of risks of this company reinsured in other solvent companies 882953 00 40428763 00 7 Reserve to provide for health and accident benefits contained in life policies 7428 00 8 Net reserve 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 10 Liability on policies canceled and not included in net re serve upon which a surrender value may be demanded 12 Claims for death losses in process of ad justment or adjusted and not due 13 Claims for death losses which have been reported and no proofs received 14 Claims for matured endowments due and unpaid 15 Claims for death losses and other policy claims resisted by the company 2674490 SI 15000 00 49631 08 98371 07 781 50 22500 00 17 Total policy claims 18 Due and unpaid on supplementary contracts not involving life contingencies 19 Premium paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 24 Salaries rents office expenses bills and accounts due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 31 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1908 whether contingent upon the payment of renewal premiums or otherwise 44 Unassigned funds surplus 171283 65 833 34 79446 49 120890 46 15000 00 5171 66 3476 59 1168924 62 45 Total liabilities 44690706 12ComptbolleeGeneeals Eepoet 539 Business in Georgia During 1907 No Amount Policies on the lives of citizens of said State in force December 31 1906 1412 4974676 00 Policies on the lives of citizens of said State issued increased and revived during 1907 110 325342 00 Total 1522 5300018 00 Deduct ceased to be in force and decreased during the year 53 168520 00 Policies in force December 31 1907 1469 5131498 00 Losses and claims increased during the year 57 117279 64 Losses and claims settled during the year in cash 53 85279 64 Losses and claims unpaid December 31 1907 4 32000 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 178335 55 UNION CENTRAL LIFE INSURANCE COMPANY OF CINCINNATI OHIO Jesse R Clark President John D Sage Secretary Principal Office 353 West Fourth St Cincinnati Ohio Thos H Daniel Atlanta Attorney for Service in Georgia 1Capital Stock 1 Amount of capital stock paid up in cash 1000000 00 Amount of net or ledger assets Decem ber 31 of previous year 53325634 11 Extended at 53325634 11 IIIncome During Year 1907 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 263398 72 1 Cash received for renewal premiums without deductions for commissions or other expenses 3232370 94 2 Premium notes loans or liens taken in part payment for premiums on new policies 864224 89 2 Premium notes loans or liens taken in part payment for renewal premiums 4343066 90540 CoMPTROLLERGEISrERAls EEPOKT 3 From dividends applied to pay running premiums 490506 37 3 From dividends applied to purchase paidup additions and annuities 220327 29 4 From surrender values applied to pay run ning premiums 97861 96 4 From surrender values applied to pur chase paid up insurance and annuities 117112 71 5 Consideration for annuities other than matured installment policies 22102 63 Total 9650972 41 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 21 77503 renewals 16253341 184308 44 7 Total premium income 9466663 97 8 Cash received for interest on mortgage loans 2859346 77 9 Cash received for interest on bonds owned and dividends on stock 250 00 10 Cash received for interest on premiums notes loans or liens 484822 00 11 Cash received for interest on other debts due the company 3153 43 13 Cash received for rents for use of companys property including 778250 for companys own occupancy 20264 19 14 Cash received for profits on real estate 20657 88 16 From dividends and surrender values on reinsurance 19109 77 19 From all other sources viz Received on supplementary contracts not involving life contingencies 54453 00 Total income 12 92S721 03 IIIDisbursements For The Year 1907 1 Cash paid for death claims including revisionary additions 2073209 44 2 Premium notes loans or liens used in pay ment of the same 3 Cash paid for matured endowments and additions thereto 5 Cash paid for sums falling due during the year on installment policies 22632 94 738129 40 36111 92 Total 2870083 70 6 Deduct amount received from other com panies for losses or claims on policies of this company 82500 00 7 Total net amount actually paid for losses and matured endowments 2787583 70ComptkollerGenebals Report 541 8 Cash paid to annuitants 24390 02 9 Premium notes loans or liens used in purchase of sur rendered policies 2327929 voided by lapse 244 90958 268188 87 9 Premium notes loans or liens used in payment of dividends to policyholders 1129 95 10 Cash dividends paid policyholders 369498 55 11 Cash dividends applied to pay running premiums 490506 37 12 Cash dividends applied to purchase paidup additions and annuities i 220327 29 13 Surrender values paid in cash 212725 92 14 Surrender values applied to pay running premiums 97861 96 15 Surrender values applied to purchase paidup insurance and annuities 117112 71 Total paid policyholders 4589325 34 16 Cash paid stockholders for interest on dividends 10000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 45339766 renewals 50059324 annuities 110513 955096 03 18 Cash paid for salaries and allowances to managers and agents and other agency expenses 71597 16 19 Cash paid for medical examiners fees 5352700 in spection of risks 150578 55032 78 20 Cash paid for salaries and all other compensation of officers and other home office employees 224178 18 21 Cash paid for taxes on new premiums atfd on renewals 136540 10 23 Cash paid for insurance department fees and agents licenses 19900 99 24 Cash paid for rent including 778250 companys oc cupancy 33504 74 25 Cash paid for commuting commissions 29332 26 Cash paid for furniture fixtures and safes for home and agency offices 8950 40 27 Cash paid for advertising 1119108 printing 3578824 postage etc 1590973 62889 05 28 Cash paid for real estate expenses other than taxes 708021 for legal expenses 2233899 total 29419 20 29 Cash paid for the following items viz Mortgage loan expenses 27935469 mortgage expenses 2809346 307448 15 General expenses 1433022 profit and loss 524523 19575 15 30 Total disbursements 6563417 S3 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 470966 70 2 Loans on mortgage first liens on real estate 50220071 02 4 Loans made in cash to polic3holders on this companys policies assigned as collateral 6788602 05542 ComptbollebGenebals Eepoet 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 11 Total net or ledger assets 12 Deduct depreciation from cost of assets to bring to market value 2053465 00 10000 00 6219 81 141612 13 59690937 31 22199 70 13 Total net or ledger assets 59668737 61 Other Assets 14 Interest due 11218719 and accrued 1 79186163 on mortgages 1904048 82 15 Interest accrued on bonds and stocks 50 00 17 Interest due 3754520 and accrued 26542123 on premiums notes loans or liens 19 Bents accrued on companys property or lease 302966 43 415 00 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and unreported on policies in force December 31 1907 24 Gross deferred premiums on policies in force Decem ber 31 1907 New Business Renewals 2207480 25 487 50 74099 91 339633 47 14864 24 92297 23 Totals 25 Deducting loading 18 per cent on new and 18 per cent on renewals 88964 15 431930 70 16013 55 77747 53 72950 60 354183 17 427133 77 62303839 13 26 Net amount of uncollected and deferred premiums 28 Total assets 3 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to The Actuaries Table of Mortality with four per cent interest and Ameri can 3 per cent 50626016 00 ComptkollekGenebal s Repobt 543 Deduct net value of risks of this com pany reinsured in other solvent com panies 553465 00 Net reinsurance reserve 50072551 0U 3 Claims for death losses due and unpaid 18500 00 4 Claims for matured endowments due and unpaid 5070 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 122648 00 6 Claims for death losses and other policy claims resisted by the company 62750 00 8 Present value of unpaid amounts on matured installment policies face 637 61866 451637 00 Total policy claims 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 11 Amount accumulations credited to special forms of policies 12 Amount of national State or other taxes accrued 13 Amount due agents 15 Amount contingent upon result of local tax litigation 16 Amount of any other liability of the company viz Prem iums paid in advance 12393696 net unpaid reinsur ance premiums 4430154 Commissions due agents on premium notes when paid 17 Liabilities on policyholder s account 18 Gross surplus on policyholders account 660605 00 35940 16 390363 00 15048 72 7625 79 197956 28 168238 50 233326 3 59781654 R8 2522184 25 19 Total liabilities 62303839 13 Business in Georgia During 1907 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of prev ious year 4497 Number and amount of policies on the lives of citizens of Georgia issued during the year 767 Amount 7919098 00 1553947 00 Deduct number and amount which have ceased to be in force during the year 480 840222 00 Total 5264 94730 45544 ComptrollerGenerais Report Total number and amount of policies in force in Georgia December 31 1907 4784 8632823 00 Amount of losses and claims on policies in Georgia incurred during the year 39 86054 44 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any de duction for losses dividends commissions or other ex penses 186812 93 UNION MUTUAL LIFE INSURANCE COMPANY OF PORTLAND ME Fred E Richards President J Frank Lang Secretary Home Office 396 Congress St Portland Maine Albert L Cumming Macon Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 12127084 72 4 Extended at 12127084 72 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 87548 70 8 Dividends applied to purchase paidup additions and annuities 28545 98 9 Surrender values applied to purchase paid up reinsurance and annuities 17288 53 10 Consideration for original annuities in volving life contingencies 1023 75 12 Total new premiums 134406 96 13 Renewal premiums without deduction for commissions or other expenses less 55449 for reinsurance on renewals 2038038 98 14 Dividends applied to pay renewal prem iums 34489 05 15 Surrender values applied to pay renewal premiums 7103 08 17 Total renewal premiums 2 079 631 11 18 Total premium income 2214 038 07 19 Consideration for supplementary contracts not involving life contingencies 7 093 88ComptkollebCtenebals Repobt 545 20 Ledger assets other than premiums received from other companies for assuming their risks 22 Gross interest on mortgage loans 59179 93 23 Gross interest on collateral loans 56973 95 24 Gross interest on bonds and dividends on stocks 347528 55 25 Gross interest on premium notes policy loans or liens 25439 54 26 Gross interest on deposits in trust com panies and banks 3337 48 27 Gross interest on other debts due the company 1038 72 28 Gross discount on claims paid in advance 144 63 29 Gross rent from companys property in cluding 1050000 for companys oc cupancy of its own buildings 61049 77 8745 62 30 Total gross interest and rents 31 Gross profit on sale or maturity of ledger assets viz Real estate 26750 bonds 159000 stocks 20982397 33 Prom all other sources Profit and loss on real estate 882895 profit and loss miscellaneous 525 554692 57 211681 47 9353 95 39 Total income 3005605 56 IIIDisbursements 1 For death claims less 500000 reinsur ance 74599352 additions 1170784 757701 36 2 For matured and discounted endowments 14268090 additions 1408217 156763 07 3 i Net amount paid for losses and matured and discounted endowments For annuities involving life contingencies Premium notes loans or liens voided by lapse Surrender values paid in cash 7 Surrender values applied to pay new premiums 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash 10 Dividends applied to pay renewal premiums 11 Dividends applied to purchase paidup additions and an nuities 12 Total paid policyholders 1264855 28 13 Expense of investigation and settlement of policy claims including 224771 for legal expense 14 Paid for claims on supplementary contracts not involving life contingencies as eg 914464 43 2391 61 76559 93 141248 24 7103 08 17288 53 42764 43 34489 05 28545 98 2383 46 4815 26 546 ComptrollerGenerais Report 16 Commissions to agents less commission on reinsurance first years premiums 3719989 renewal premiums 12528077 annuities original 5119 162531 85 18 Salaries and allowances for agencies including managers agents and clerks 24520 68 19 Agency supervision traveling and all other agency expenses 18095 41 20 Medical examiners fees 5441 00 21 Salaries and all other compensation of officers directors trustees and home office employees 80648 55 22 Rent including 1050000 for companys occupancy of its own buildings 25957 42 23 Advertising 115768 printing and stationery 380521 postage telegraph telephone and express 278024 7743 13 24 Legal expenses 4170 25 25 Furniture fixtures and safes 291 10 26 Insurance taxes licenses and department fees 46431 48 27 Taxes on real estate 11906 05 28 Repairs and expenses other than taxes on real estate 32684 52 29 Gross loss on sale or maturity of ledger assets viz Real estate 1232700 bonds 151692 stocks 6045246 74296 38 31 All other disbursements Interest bills payable 17293 miscellaneous expenses 349801 traveling expenses officers and clerks 90818 commissioners examination 5522 profit and loss on real estate 85000 profit and loss miscellaneous 78248 total 13916 92 40 Total disbursements 1780688 74 IVLedger assets 1 Book value of real estate 1066324 37 2 Mortgage loans on real estate 1120853 95 3 Loans secured by pledge of bonds stocks or other col lateral 1557238 59 4 Loans made to policyholders on this companys policies assigned as collateral 612814 89 5 Premium notes on policies in force including 8122864 short time notes taken in settlement of renewal prem iums 133866 64 6 Book value of bonds excluding interest 621053980 and stocks 240048302 total 8611022 82 7 Cash in companys office 530 03 8 Deposited in trust companies and banks not on interest 28595 77 9 Deposited in trust companies and banks on interest 212861 29 10 Bills receivable 7893 19 12 Total ledger assets 13352001 54ComptbollebGeneeals Bepoet 547 NonLedger Assets 13 Interest due 10000 and accrued 16 42816 on mortgages 14 Interest due 250000 and accrued 67164 on bonds 15 Interest accrued on collateral loans 16 Interest due 641162 and accrued 12 85721 on premium notes policy loans or liens 18 Eents due 76216 and accrued 154979 on companys property or lease 16528 16 83171 64 6276 26 19268 83 2311 95 19 Total interest and rents due and accrued New Business 23 Gross premiums due and unreported on policies in force December 31 1907 15215 83 24 Gross deferred premiums policies in force Decem ber 31 1907 9045 01 25 Totals 24260 84 26 Deduct loading 5458 69 Renewals 235286 59 134169 42 369456 01 83127 60 27 Net amount of uncollected and deferred premiums 18802 15 286328 41 28 Allother assets viz Forborne premiums to be deducted in settlement of policy claims included in liabilities 127556 84 305130 56 120 25 33 Gross assets 13784809 19 7893 19 1318 00 Deduct Assets Not Admitted 36 Commuted commissions 39 Premium notes and loans on policies and net premiums in excess of the net value of their policies 43 Total 9211 19 44 Total admitted assets13 775 598 00 VLiabilities Net present value of all the outstanding policies in force on the 31st day of De cember 1907 as computed by the com pany on the following tables of mor tality and rates of interest viz 1 Actuaries table at 4 per cent on all policies issued prior to January 1 1901 9383784 00 Same for reversionary additions 91888 00 9475672 00548 ComptrollerGenerals Report 2 American experience table at 3 per cent on all policies issued subsequent to Jan uary 1 1901 Same for reversionary additions 5 Net present value of annuities including those in reduction of premiums Give tables and rates of interest viz Aduaries 4 per cent American 3 per cent 3247160 00 177537 00 3203 00 13651 00 3424697 00 16854 00 Total 12917223 00 6 Deduct net value of risks of this company reinsured in other solvent companies 3369 00 7 Reserve to provide for health and accident benefits con tained in life policies 12913854 00 8 Net reserve 12913854 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company at 4 per cent and 3 per cent interest 37105 00 12 Claims for death losses in process of ad justment or adjusted and not due 13 Claims for death losses which have been re ported and no proofs received 14 Claims for matured endowments due and unpaid 15 Claims for death losses and other policy claims resisted by the company 46113 17 58420 49 2599 48 1000 00 17 Total policy claims 19 Premiums paid in advance including surrender values so applied 20 Unearned interest and rent paid in advance 22 Commissions to agents due or accrued 24 Salaries rents office expenses bills and accounts due or accrued 25 Medical examiners and legal fees due or accrued 26 State County and Municipal taxes due or accrued 30 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 10991 02 38 All other liabilities viz Market value of Bonds and Stocks under book value 38205 67 44 TJnassigned funds surplus 633042 21 45 Total liabilities 13784809 19 108133 14 2086 27 758 88 1033 00 10000 00 4600 00 25000 00ComptrollerGeneral s Report Business in Georgia During 1907 No 12 Policies on the lives of citizens of said State in force December 31 of previous year406 13 Policies on the lives of citizens of said State issued during the year 50 14 Total 456 15 Deduct ceased to be in force during the year 121 16 Policies in force December 31 335 18 Losses and claims incurred during year 2 20 Losses and claims settled during the year 2 22 Premiums collected or secured in cash and notes or credits without any deduction for losses divi dends commissions or other expenses 1502663 549 Amount 582008 66 60440 40 642449 06 160504 23 481944 83 4000 00 4000 00 THE VOLUNTEEE STATE LIFE INSITKANCE COMPANY OF CHAT TANOOGA TENNESSEE Z C Patten President Theo F King Secretary Principal Office Chattanooga Tenn Frank M Akers and Geo Collier Atlanta Attorneys for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets Decem ber of previous year 296267 73 Extended at IIIncome During Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 142030 05 1 Cash received for renewal premiums without deductions for commissions or other expenses 189264 13 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 company 14 Cash received for profits on sales of bonds or stocks 296267 73 331294 18 8087 80 4101 68 1145 88 1014 85 64 00550 CompteollebGeneeals Repobt 19 Irom all other sources viz Old premium notes not previously on books 9945 Agents balances col lected credit accounts 71937 net first premiums not previously reported 1954862 total 20367 44 Total income 366075 83 IIIDisbursements for the Year 1907 1 Cash paid for death claims including re versionary additions 62708 50 7 Total net amount actually paid for losses and matured endowments 62708 5fr 13 Surrender values paid in cash 2161 23 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7983831 renewals 661660 total 86 454 91 18 Cash paid for salaries and allowances to managers and agents 12246 57 19 Cash paid for medical examiners fees 1118750 in spection of risks 190268 total 13090 18 20 Cash paid for salaries and all other compensation of officers and other home office employees 30973 06 21 Cash paid for taxes on new premiums 96254 on re newals 27092 total 1233 4ft 22 Cash paid for taxes on investments 3093 30 23 Cash paid for insurance department fees and agents licenses 127026 municipal licenses 57720 total 1847 46 24 Cash paid for rent including 96534 companys occu pancy 25 Agency supervision traveling etc 27 Cash paid for advertising 475987 printing 360553 postage 196988 telephone and telegraph 55677 express 28126 total 28 Cash paid for legal expenses 29 Cash paid for the following items viz Fire insurance 6220 repairs office 10307 collection fees 3007 real estate loan expense 9650 actuary and auditors 438155 incidentals 138545 total 6058 84 30 Total disbursements 238655 11 IVAssets as Per Ledger Accounts 2 Loans on mortgage first liens on real estate 169616 6ft 3 Loans secured by pledge of bonds stocks or other mar ketable collaterals 35320 2ft 4 Loans made in cash to policyholders on this companys policies assigned as collateral 13030 50 965 34 5573 20 11173 151 1075 75 ComptrollerGeneral s Report 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 13 Total net or ledger assets less depreciation Other Assets 14 Interest due 62000 and accrued 2662 on mortgages 15 Interest due and accrued on bonds and stocks 16 Interest due and accrued on collateral loans 551 17670 35 136824 00 500 00 50726 68 423688 45 52 10 442 09 Total carried out 23 Gross premiums due and unreported on policies in force December 31 22228 43 24 Gross deferred premiums on policies in force December 31 1907 8246 88 Total 25 Deducting loading 30475 31 1244 69 26 Net amount of uncollected and deferred premiums 29230 62 27 Furniture fixtures and safes 339103 stationery and printing 243168 total 2 Furniture fixtures and safes 339103 stationery and printing 243168 5822 71 Total 9 Total assets less items not admitted VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries table of mortality with four per cent interest 229880 43 3376 19 29230 62 5822 71 28 Total assets 462117 97 Items Not Admitted 5822 71 456295 26552 ComptrollerGenerals Report Deduct net value of risks of this com pany reinsured in other solvent com panies 8432 41 Net reinsurance reserve 221 448 02 6 Claims for death losses and other policy claims resisted by the company 3000 00 8 Present value of unpaid amounts on ma tured installment policies face 9500 7448 00 Total policy claims 10448 00 11 Commissions due to agents on renewal premium notes when paid 576 20 Commissions to agents due or accrued 434 82 17 Liabilities on policyholder a account 232 907 04 18 Gross surplus on policyholders account 223 388 22 19 Total liabilities 45295 26 Business in Georgia During 1907 No Amount N umber and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 203 418000 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 346 689000 00 Total 549 1107000 00 Deduct number and amount which have ceased to be in force during the year 76 165500 00 Total number and amount of policies in force in Georgia December 31 1907 473 941 500 00 Amount of premiums collected during the year in cash 1934894 notes or credits 420397 total 23 55291 WASHINGTON LIFE INSURANCE COMPANY OF NEW YORK N Y John Tatlock President J W B Van de Water Secretary Howard O Jory Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 Amount of net or ledger assets Decem ber 31 of previous year 18391787 62 Extended at 18391787 62ComptrollerGenerals Report IIIncome During Year 1907 1 Cash received for premiums on new poli cies without deduction for commissions or other expenses 102661 52 lYz Cash received for renewal premiums without deductions for commissions or other expenses 19556698 90 3 From dividends applied to pay running premiums 890 51 3V2 From dividends applied to purchase paidup additions and annuities 55370 02 4 From surrender values applied to pay run ning premiums 34048 69 4 From surrender values applied to pur chase paidup insurance and annuities 80175 77 5 Consideration for annuities other than matured installment policies 892 03 Total 2229737 44 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 81500 re newals 47257 total 1287 57 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 loans or liens 11 Cash received for interest on other debts due the com pany 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property including 30000 for companys own occupancy 14 Cash received for profits on sales of bonds 15 Consideration for supplementary contracts not involving life contingencies IIIDisbursements for the Year 1907 1 Cash paid for death claims including re versionary additions 913573 40 3 Cash paid for matured endowments and additions thereto 758784 58 5 Cash paid for sums falling due during the year on installment policies 4014 40 2228449 87 206523 27 235682 27 110466 27 6636 07 1303 12 372679 74 250 00 4218 00 Total 1676372 38554 ComptbolleeGeneeal s Repoet 10 11 12 13 14 15 17 18 19 20 21 22 24 26 27 28 29 Total net amount actually paid for losses and matured endowments 1676372 38 Cash paid to annuitants 34 557 24 Cash dividends paid policyholders 56516 45 Cash dividends applied to pay running premiums 890 51 Cash dividends applied to purchase paidup additions and annuities 55370 02 Surrender values paid in cash 300488 56 Surrender values applied to pay running premiums 34048 69 Surrender values applied to purchase paidup insurance and annuities 80175 77 Total paid policyholders 2234405 22 Paid for claims on supplementary con tracts not involving life contingencies 4014 40 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 3913469 renewals 11569918 total 154833 87 Cash paid for salaries and allowances to managers and agents 39490 65 Cash paid for medical examiners fees 336025 inspec tion of risks 50025 total 3860 50 Cash paid for salaries and all other compensation of offi cers and other home office employees 95446 95 Cash paid for insurance taxes licenses and department fees 34398 38 Cash paid for taxes on real estate 58699 70 Cash paid for rent including 30000 for companys occupancy 30000 00 Cash paid for furniture fixtures and safes for home and agency offices 293 99 Cash paid for advertising 1367238 printing 577656 postage etc 673286 total 26181 80 Cash paid for real estate expenses other than taxes 86 85427 for legal expenses 1578351 total 102263 78 Cash paid for the following items viz Agency super vision traveling expenses auditing fees etc 20599 43 30 Total disbursements 2804862 67 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 4201500 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2080193 00 6 Book value of bonds and stocks owned excluding accrued interest at time of purchase 5856327 12 7 Cash in companys office 2064 78 8 Cash deposited in banks 200563 44 10 Agents ledger balances 34531 22CompteolleeGeneeals Repoet 555 11 Total net or ledger assets 18754351 06 Value of stocks and bonds 535680 40 13 Total net or ledger assets less depreciation 18218670 Other Assets 14 Interest due 436250 and accrued 30 44382 on mortgages 34806 32 15 Interest accrued on bonds and stocks 69156 56 17 Interest due 1366645 and accrued 11 18081 on loans or liens 24847 26 18 Interest accrued on other assets 936 54 19 Rents due 98498 and accrued 15373 34 on companys property or lease 16358 32 Total carried out 23 Gross premiums due and unreported on policies in force Dec 31 1907 24 Gross deferred premiums on policies in force De cember 31 1907 713 48 5361 60 102869 33 173929 62 Totals 25 Deducting loading 13 per cent on new and 233 per cent on renewals 6075 08 276798 95 789 76 64494 16 26 Net amount of uncollected and deferred premiums 5285 32 212304 79 146105 00 217590 11 28 Total assets 18582365 77 Items Not Admitted 5 Agents balances 34531 22 Total 34531 22 9 Total assets less items not admitted 18547834 55 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the American and the actuaries tables of mortality with four 3 and 3 per cent interest 17566298 00556 ComptrollekGenebais Repokt Deduct net value of risks of this com pany reinsured in other solvent com panies 820 00 Net reinsurance reserve 4 Claims for matured endowments due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due and unpaid on annuity claims 17565478 00 17978 72 99799 64 8000 00 290 43 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 13 Amount due on account of salaries rents and office ex penses medical examiners fees and legal fees 14 Unearned interest and rent paid in advance and com missions to agents due or accrued 16 Premiums paid in advance 16 Deposit to secure lease 7500 surrender values due and unpaid 109183 due and unpaid on annuities certain 43652 liability which may be demanded on cancelled policies 8144 total 126068 79 7472 33 94135 44 5807 96 43058 93 8430 76 60387 83 17 Liabilities on policyholders account 17910840 04 18 Gross surplus on policyholders account 636994 51 19 Total liabilities 18547834 55 Business in Georgia During 1907 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 488 726365 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 30 48000 00 Total 518 774365 00 Deduct number and amount which have ceased to be in force during the year 51 93728 00 Total number and amount of policies in force in Geor gia December 31 467 680637 00 ComptrollerGenerals Report Amount of losses and claims on policies in Georgia incurred during the year 14 Total 14 Amount of losses and claims on policies in Georgia paid during the year 13 Amount of premiums collected in Georgia in cash 2380629 557 15521 85 15521 85 15333 85 558 CompteollebGenebals Repobt AETNA ACCIDENT AND LIABILITY LIFE INSURANCE COMPANY OP HARTFORD CONNECTICUT M G Bulkeley President M B Brainard Secretary C C Thorn Atlanta W M Ray Savannah Attorneys for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 Extended at 500000 00 IIIncome During Year 1907 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 3160 16 Total 3160 16 7 Total premium income t 8 Cash received for interest on mortgage bonds 9 Cash received for interest on bonds owned and dividends on stock 19 From all other sources viz Premium on 5000 shares capital stock at 5000 per share Total 212 05 7 Total net amount actually paid for losses 17 Cash paid for commissions on new policies 23 Cash paid for insurance department fees and agents licenses 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 350 printing 28468 29 Cash paid for the following items viz Legal expense Sundry Expenses 30 Total disbursements 3160 16 7250 96 2625 00 250000 00 Total income 263036 12 HIDisbursements for the Year 1907 1 Cash paid for claims 212 05 212 05 776 70 1814 71 3 75 288 18 250 00 3 50 3348 89 IVAssets as per Ledger Accounts 2 Loans on mortgage first liens on real estate 364000 00 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase j42 500 00 8 Cash deposited in banks 253187 23 11 Total net or ledger assets 759 g87 gaComptrollerGeneral s Report 12 Deduct depreciation from cost of assets 13 Total net or ledger assets 559 7500 00 752187 23 Other Assets 14 Interest accrued on mortgages 599 04 15 Interest accrued on bonds and stocks 875 00 Total carried out 28 Total assets Net reinsurance reserve 5 Claims for losses in process of adjustment Total policy claims 12 Amount of National State or other taxes due 19 Total liabilities 1474 04 753661 27 VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the actuaries table of mortality with four per cent interest 1467 57 25 00 1467 57 25 00 100 00 1592 57 ANNUAL STATEMENT AETNA INSURANCE COMPANY OP HART FORD CONNECTICUT M G Bulkeley President C E Gilbert Secretary Home Office 605 Main Street Hartford Connecticut ICapital Stock 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets December 31 of previous year 79936457 76 Extended at 79936457 76 IIIncome 1 Entire premiums collected during the year Accident 1 67436590 Health 24360181 Liability 326641496 total 5184382 67 2 Deduct reinsurance return premiums and cancellations Accident 9259986 Health 1484097 Liability 255 94481 total 363385 64560 CoMPTKOLLEKGrENERAls REPORT 3 Net cash actually received for premiums Accident 1 58176604 Health 22876084 Liability 301047015 total 20 Gross interest on mortgage loans 1599015 40 21 Gross interest on collateral loans 48662 30 22 Gross interest on bonds and dividends on stocks 1251550 09 23 Gross interest on deposits 75 292 77 24 Gross interest from all other sources 381911 73 25 Gross rents from companys property in cluding 2300000 for companys occu pancy of its own buildings 35485 50 4820997 03 26 Total gross interest and rents 28 Gross profit on sale or maturity of ledger assets viz 11900 00 Eeal estate Bonds Total 26393 75 29 Gross increase in book value of ledger assets viz Bonds 144000 00 Total 34 Total 35 Premium income life business 3391917 79 38293 75 144000 00 8395208 57 10367560 87 36 Total income during the year 18 762 769 44 IIIDisbursements 1 Gross amount paid for losses Accident 84715338 Health 10319244 Liability 143815516 totali 2 Deduct salvage and reinsurance Accident 6636980 Health 266285 total 3 Net amount paid policyholders for losses Accident 80778358 Health 10052959 Liability 143815516 total d 4 Investigation and adjustment of claims Accident 37 66275 Health 6743 Liability 13297779 total 5 Total Accident 84544633 Health 10059702 Lia bility 157113295 total 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Acccident 55125579 health 7479905 liability 70843544 total 19 Stockholders for interest or dividends 2415500 98 69032 65 2346468 33 170707 97 2517176 30 1334 490 28 100000 00ComptrollerGenerals Beport 561 20 Salaries fees and all other compensation of officers directors trustees and home office employees 159235 64 21 Salaries traveling and all other expenses of agents not paid by commissions 97989 85 22 Medical examiners fees and salaries 10177 26 23 Inspections other than medical 44834 94 24 Eents 38287 23 27 All other taxes licenses and insurance department fees 69205 48 28 Legal expenses 2404 32 29 Advertising 13164 16 30 Printing and stationery 62516 17 31 Postage telegraph telephone and express 40112 74 32 Furniture and fixtures 17950 36 36 Sundry expense 20101 30 37 Investment expense 6 88 38 Profit and loss 70 00 39 Accident Health and liability business 4527722 91 40 Life business 9689046 45 41 Total disbursements 14216769 36 IVLedger Assets 1 Book value of real estate unincumbered 616795 01 2 Mortgage loans on real estate first liens 41239753 50 3 Loans secured by pledge of bonds stocks or other col laterals 1363499 81 4 Book value of bonds excluding interest 2449551943 and book value of stocks 506135395 total 29556873 38 5 Cash in companys office 665468 78 6 Deposited in trust companies and banks on interest 3129711 84 7 Deposited in trust companies and banks not on interest 1460229 25 8 Bills receivable 65219 55 10 Agents balances 48462 55 11 Loans made to policyholders on this companys policies assigned as collateral 6076735 00 12 Premium notes or liens on policies in force of which 4 29224 is for first years premiums 259709 17 13 Ledger assets 84482457 84 NonLedger Assets 14 Interest due 12181222 and accrued 78697173 on mortgages 908783 95 15 Interest due 204000 and accrued 153 95728 on bonds 155997 28 16 Interest due 1347173 and accrued 5 16722 on collateral loans 18638 95 17 Interest due 25516998 and accrued 1 06201 on other assets 256231 99 36cg562 ComptrollerGenerals Bepoet 18 Rents accrued on companys property or lease 1725 00 Total 21 Gross premiums in course of collection viz Net amount of uncollected and deferred premiums 1341377 17 879403 86 39 Gross assets 86703238 87 Dedut Assets Not Admitted 41 Bills receivable 65219 55 46 Book value of ledger assets over market value viz Bonds and stocks 183047 60 47 Agents debit balances 48462 55 48 Premium notes loans or liens in excess of reserve on policies 1036 28 52 Total 53 Admitted assets VLiabilities 1 Losses and claims in process of adjustment Accident 5824640 Health 157055 total 2 Losses and claims reported proofs not received Accident 3270000 Health 150000 total 3 Losses and claims resisted Accident 7629275 Health 142071 total 4 Total Accident 16723915 Health 449126 16 Special reserve for unpaid liability losses 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 320572628 un earned premiums 50 per cent 1602863 14 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 12608637 unearned premiums pro rata 96422 85 297765 98 86405472 89 59816 95 34200 00 77713 46 171730 41 1400331 85 1572062 26 21 Total unearned premiums 26 Salaries rents expenses bills accounts fees etc due or accrued 41 Accident health and liability business 42 Life business 1699285 99 2500 00 3273848 25 77544616 26 43 Total amount of all liabilities except capital 80818 464 51ComptrollerGenerals Beport 563 44 Capital actually paid up in cash 2000000 00 45 Surplus over all liabilities 3587008 38 46 Surplus as regards policyholders 5587008 38 47 Total liabilities 86405472 89 Business in State of Georgia During 1907 Accident Health Liability 40 Gross premiums receiv ed on risks written or renewed during the year 33577 77 5923 04 936191 41 Gross Losses paid 17011 74 3314 58 4819 43 42 Gross losses incurred 18501 24 3364 58 4819 43 THE AETNA INDEMNITY COMPANY OP HARTFORD CONNECTICUT F D Kilburn President Charles I Brooks Secretary Home Office 36 Pearl Street Hartford Conn Executive Offices 68 William Street New York City N Y Fair Dodd Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets December 31 of previous year 1064042 07 Extended at 1064042 07 IIIncome 1 Gross premiums unpaid Dec 31 lat year Fidelity 927039 Surety 5763402 Plate Glass 1789797 Burglary and Theft 3857967 total 2 Gross premiums written and renewed during the year Fidelity 102 17118 Surety 32166092 Plate Glass 12051968 Burglary and Theft 23055878 totals 3 Total premiums Fidelity 11144157 Surety 379 29494 Plate Glass 13841765 Burglary and Theft 26913845 total 4 Deduct gross premiums now in course of collection Fidelity 1167737 Surety 8115930 Plate Glass 2494489 Burglary and Theft 4722674 totals 123382 05 774910 56 898292 61 165008 30564 ComptrollerGenerals Report 5 Entire premiums collected during the year Fidelity 9976420 Surety 29813564 Plate Glass 11347276 Burglary and Theft 22191171 total 733284 31 6 Deduct reinsurance return premiums and cancellations Fidelity 1264782 Surety 6993072 Plate Glass 1995532 Burglary and Theft 7464046 total 177174 32 7 Net cash actually received for premiums Fidelity 87 11638 Surety 22820492 Plate Glass 9351744 Burglary and Theft 14727125 total 22 Gross interest on bonds and dividends on stocks 25082 39 23 Gross interest on deposits 6 877 16 26 Total gross interest and rents 28 Gross profit on sale or maturity of ledger assets viz Stocks 23555 06 Total 31 Premiums paid in advance gross 32 Premiums in suspense awaiting further information 730 19 469 81 35 Total 36 Total income IIIDisbursements 1 Gross amount paid for losses Fidelity 1456422 Surety 14660158 Plate Glass 4020874 Burglary and Theft 6664900 total 2 Deduct salvage and reinsurance Fidelity 142109 Surety 5272334 Plate Glass 57992 Burglary and Theft 827776 total 3 Net amount paid policyholders for losses Fidelity 1314313 Surety 9387824 Plate Glass 3962882 Burglary and Theft 5837124 total 4 Investigation and adjustment of claims Fidelity 3 07590 Surety 2353602 Burglary and Theft 3 16214 total 556109 99 31959 55 23555 06 1200 00 612824 60 268023 54 63002 11 205021 43 29774 06 5 Totals Fidelity 1621903 Surety 11741426 Plate Glass 3962882 Burglary and Theft 6153338 total 234795 49 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 1997870 surety 5624013 plate glass 32 82150 burglary and theft 4410360 total 153143 93 20 Salaries fees and all other compensation of officers directors trustees and home office employees 90 194 33ComptrollerGenerals Eeport 565 21 Salaries traveling and all other expenses of agents not paid by commissions 23 Inspections other than medical 24 Rents 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 telegraph telephone and express 32 Furniture and fixtures 33 Gross loss on sale or maturity of ledger assets viz 142 50 Bonds Total 36 Agency office and general expenses 37 Traveling and miscellaneous expenses 12466 45 3852 29 Total 39 Premium charged to suspense account un collectible at present 40 Miscellaneous suspense 1291 82 283 89 Total 41 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 56221489 and book value of stocks 26085893 total 5 Cash in companys office and in transmission 6 Deposited in trust companies and banks on interest 7 Deposited in trust companies and banks not on interest 9 Other ledger assets viz Premium and other balances due 10 Miscellaneous ledger assets 13 Ledger assets NonLedger Assets 15 Interest accrued on bonds 13257 Total 27262 53 155 00 18177 66 91 28 22016 24 14156 86 3880 55 13469 15 13374 46 1710 20 142 50 16318 74 1575 71 610464 63 6250 00 3500 00 823073 82 10152 66 140102 28 10382 82 1741 36 71199 10 1066402 04 13257 48566 Comptroller General s Eeport 21 Gross premiums in course of collection viz On Policies or Renewals On Policies or Renewals o subsequent to Oct 1 1907 Issued prior to Oct 1 1907 25 Fidelity 9233 48 2 443 89 26 Surety 35268 07 27 Plate glass 21512 77 29 Burglary and theft 41250 60 5 976 14 35 Totals 107264 92 45891 23 3432 12 57743 38 Total 39 Gross assets 165008 30 1244667 82 Deduct Assets Not Admitted 45 Gross premiums in course of collection written prior to October 1 1907 53 469 23 46 Book value of ledger assets over market value viz 47 Premium and other balances due 77588 82 1741 36 48 Total 53 Admitted assets VLiabilities 1 Losses and claims adjusted Burglary and Theft 2 Losses and claims in process of adjustment Fidelity 58926 Surety 2071836 Plate Glass 4295 88 Burglary and Theft 512785 total 3 Losses and claims reported proofs not received Burelarv and Theft 4 Losses and claims resisted Fidelity 291559 Surety 2159030 Burglary and Theft 767901 total 5 Total losses and claims Fidelity 350485 Surety 4230866 Plate Glass 429588 Burglary and Theft 1703692 total 14 Deduct reinsurance on losses in process of adjustment 6632 resisted 112010 total 132799 41 1111868 41 71 00 30731 35 4159 06 32184 90 67146 31 1186 42 15 Net unpaid claims except liability claims Adjusted 7100 in process of adjustment 3066503 reported proofs not received 415906 resisted 3106480 total 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 57872885 unearned premiums 50 per cent 289364 42 65959 89ComptbollebGenebals Repobt 567 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 3404258 unearned premiums pro rata 20290 07 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz Fidelity 229999 surety 961388 plate glass 566425 burglary and theft 951949 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 31 Return premiums over and under three months due 32 Reinsurance over and under three months due 33 Advance premiums 100 per cent 73019 less com mission of 14809 34 Other liabilities viz Premiums in supense awaiting further information 42 Contingent fund voluntarily set aside by the company 43 Total amount of all liabilities except capital 44 Capital actually paid up in cash 500000 00 45 Surplus over all liabilities 90435 56 309654 49 27097 61 4666 67 7032 33 5969 95 582 10 469 81 100000 00 521432 85 46 Surplus as regards policyholders 590435 56 47 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Fidelity 183858 Surety 1073932 Plate Glass 58212 Burglary and Theft 92901 total Gross losses paid Fidelity 306765 Surety 45231 Plate Glass 18159 total 1111868 41 14089 03 3701 55 THE AMEEICAN BANK INSURANCE COMPANY OF MINNEAPOLIS MINNESOTA F E Kenaston President O B McClintock Secretary Principal Office 513 S 3d St Minneapolis Minnesota Wm A Wright Atlanta Attorney for Service in Georgia ICapital 1 Whole amount of captal stock 100000 00 2 Amount paid up in cash 100000 00568 CompteollebGenerais Kepoet IIAssets 2 Loans on bond and mortgage duly recorded and being first hens on the fee simple 3 Interest accrued on all said bond and mortgage loans 7 Amount of other loans Total par and market value of stocks and bonds owned absolutely by the company carried out ft market value 11 Total par and market value of all other securitiesexcept mortgages 13 Cash belonging to the company deposited in banks viz South Side State Bank Minneapolis Minn open account 10 54338 certificate of deposit at 3 per cent 650000 accrued interest 4674 totaI 17090 12 Total cash items 15 Interest due and accrued on bonds not included in mar ket Yalue uncollected 16 Interest due and accrued on collateral loans and uncol lected Premiums in course of collection 71250 00 1969 60 12645 00 52658 60 12645 00 17090 12 851 23 719 56 311 00 Total assets of the company actual cash market value 157495 H IIILiabilities 7 Gross premiums without any deduction received and receivable upon all unex pired burglary risks running one year or less from date of policy 336425 unearned premiums fifty per cent 1682 13 11 Total unearned premiums as computed above carried out 1 682 13 Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 1682 13 100000 00 55812 98 24 Aggregate amount of all liabilities including capital paid up and net surplus IVIncome During the Year 4 Gross premiums on risks written and re newed during the year 3387 04 6 Deduct premiums and bills in course of collection at this date 31 qq 157495 II 7 Entire premiums collected during the year 3076 04 8 Deduct reinsurance and return premiums 206 45 COMPTKOLLERGrENERAL s EEPOKT 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 15 Aggregate amount of income actually received during the year in cash VExpenditures 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 licenses department fees etc 9 All other payments and expenditures viz Printing and stationery Postage and express 9160 general expense 12175 Aggregate amount of actual expenditures during the year in cash 569 2869 59 2557 49 70 7 27 t 55 87 5532 43 329 25 1032 05 360 80 213 35 1935 45 AMERICAN BONDING COMPANY BALTIMORE MARYLAND George Cator President Wm E P Duvall Assistant Secretary Home Office Equitable Building Calvert and Fayette Streets Baltimore Maryland Edward M Durant Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets December 31 of previous year 1542745 87 Extended at 1542745 87 IIIncome 1 Gross premiums unpaid Dec 31st last year Fidelity 2305419 Surety 7273937 Burglary and Theft 29 09510 total 124888 66 2 Gross premiums written and renewed during the year Fidelity 23261267 Surety 55763393 Burglary and Theft 15386490 total 944111 50 3 Total Fidelity 25566686 Surety 63037330 Burg lary and Theft 18296000 total 570 ComptrollerGenerais Report 4 Deduct gross premiums now in course of collection Fidelity 2234620 Surety 8290450 Burglary and Theft 2951971 total 134770 41 5 Entire premiums collected during the year Fidelity 23332066 Surety 547468 80 Burglary and Theft 15344029 total 934229 75 6 Deduct reinsurance return premiums and cancellations Fidelity 3637283 Surety 8416937 Burglary and Theft 5706297 total 177 605 17 7 Net cash actually received for premiums Fidelity 196947 83 Surety 46329943 Burglary and Theft 9637732 total 18 Total net cash actually received for premiums 20 Gross interest on mortgage loans 21 Gross interest on collateral loans 22 Gross interest on bonds and dividends on stocks 23 Gross interest on deposits 24 Gross interest from all other sources 25 Gross rents from companys property 756624 58 756624 58 478 13 1140 47 47868 21 1504 16 471 78 98 25 26 Total gross interest and rents 28 Gross profit on sale or maturity of ledger assets viz Bonds 219 80 Total 29 Gross increase in book value of ledger assets viz Stocks 525 00 Total 31 Income from investment of collateral de posits during the year 32 Interest paid on collateral deposits dur ing year 51561 00 219 80 525 00 13049 62 8971 47 Total 4078 15 33 Net income from collateral deposits during the year 813 008 53 34 Premiums paid in advance Dec 31 1906 7942 40 35 Premiums paid in advance Dec 311907 6 794 63 Total 1147 77 36 Total income 811860 76CoMPTROLLERGrENERAL s REPORT 571 IIIDisbursements 1 Gross amount paid for losses Fidelity 5973383 Surety 34066548 Burglary and Theft 3998085 total 2 Deduct salvage and reinsurance Fidelity 529483 Surety 6338199 Burglary and Theft 533078 total 3 Net amount paid policyholders for losses Fidelity 54 43900 Surety 27728349 Burglary and Theft 34 65007 total 4 Investigation and adjustment of claims Fidelity 7 53374 Surety 3041244 Burglary and Theft 1716 73 total 5 Totals Fidelity 6197274 Surety 30769593 Burglary and Theft 3636680 total 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Surety and Fidelity 17809001 Burglary and Theft 3016484 total 19 Stockholders for interest or dividends amount declared during the year 50000 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 23 Inspections other than medical 24 Eents 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 telegraph telephone and express 32 Furniture and fixtures 33 Gross loss on sale or maturity of ledger assets viz Real estate 1869 78 Bonds 6717 92 Stocks 9500 00 Total 34 Gross decrease in book value of ledger assets viz Real estate Bonds Stocks 767 94 71842 00 1650 00 440380 16 74007 60 366372 56 39662 91 406035 47 208254 85 50000 00 92361 44 56602 85 2655 27 10380 00 126 11 387 81 28012 25 11904 56 8570 88 9561 98 7987 85 8305 94 18087 70 Total 36 General miscellaneous expenses 74259 94 10783 76572 ComptkolleeGteneeals Repoet 37 Depreciation in market value Collateral deposit invest ments during the year 10 249 Oo 38 Loss on sale of collateral deposit investments during year 537 92 39 Profit and loss i 191 gg 41 Total disbursements 1016 257 26 IVLedger Assets 1 Book value of real estate unincumbered 6007 36 2 Mortgage loans on real estate first liens 8000 00 4 Book value of bonds excluding interest 112441071 and book value of stocks 4736000 total 1171770 71 5 Cash in companys office 2 214 16 6 Deposited in trust companies and banks on interest 124107 14 10 Judgment against Houston Oil Co of Texas to the amount of 3779020 secured to the full amount by additional indemnity 26 250 00 13 Ledger assets 1338349 37 NonLedger Assets 15 Interest due 118750 and accrued 572827 on bonds 6915 77 25 On policies or renewals issued subsequent to October 1 1907 Fidelity 1378126 Surety 4089927 Burglary and Theft 2681550 total 81496 03 26 On policies on renewals issued prior to October 1 1907 Fidelity 856494 Surety 4200523 Burglary and Theft 270421 total 53274 38 Total 134770 41 39 Gross assets 148003555 45 Gross premiums in course of collection written prior to October 1 1907 53274 38 53 Admitted assets 1 426 761 17 VLiabilities 1 Losses and claims in process of adjustment Fidelity 748672 Surety 3595413 Burglary and Theft 8 95138 total 52392 23 2 Reported proofs not received Fidelity 143865 Surety 562643 total 7 065 08 3 Resisted Fidelity 2598967 Surety 9983424 Burg lary and Theft 343100 total 129254 91 4 Totals Fidelity 3491504 Surety 14141480 Burg lary and Theft 1238238 total 188712 22 18 Total unpaid claims and expenses of settlement 188 712 22ComptrolleeGeneeals Eepoet 573 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 79215348 un earned premiums 50 per cent 396076 74 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 6648388 unearned premiums pro rata 49117 53 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz Fidelity 413438 Surety 1226978 Burglary and Theft 804465 total 27 State county and municipal taxes due or accrued 31 Return premiums 32 Reinsurance 33 Advance premiums 100 per cent 35 Reserve for contingencies 46 Surplus as regards policyholders 445194 27 24448 81 12500 00 3036 54 5904 23 6794 63 37500 00 43 Total amount of all liabilities except capital 724090 70 44 Capital actually paid up in cash 500000 00 45 Surplus over all liabilities 202670 47 702670 47 47 Total liabilities 1426761 17 Business in State of Georgia During 1907 Gross premiums received or risks written or renewed during the year Fidelity and Surety 1670949 Burglary 20473 total 16914 22 Gross losses paid Fidelity and Surety 671462 Burglary 1250 total 6727 12 THE AMERICAN CREDITINDEMNITY COMPANY OF NEW YORK S M Phelan President E M Treat Secretary Home Office 302 Broadway New York City New York Claude D Moody and J Milton Armstrong Atlanta Agents in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets December 31st of previous year 2340056 22 Extended at 2340056 22574 ComptbolleeGenebals Repoet IIIncome 12 Gross premiums unpaid December 31 last year Credit i 13 Gross premiums written and renewed during the year Credit 14 Total Credit 15 Deduct gross premiums now in course of collection Credit 16 Entire premiums collected during the year Credit 17 Deduct reinsurance return premiums and cancellations Credit 18 Total net cash actually received for premiums 22 Interest on bonds and dividends on stock 81336 1 23 Interest on deposit 7 580 98 24 Interest from all other sources 2661 83 76958 97 1446592 94 1523551 91 57212 50 1466339 41 95214 86 1371124 55 26 Total interest 33 Amount of premiums in advance 1908 business 38 Total income 91578 92 525 00 1463228 47 IIIDisbursements 1 Gross amount paid for losses Credit 2 Deduct Salvage and reinsurance Credit 444768 87 32648 84 3 Net amount paid policyholders for losses Credit 4 Investigation and adjustment of claims Credit 13 Total 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Credit 19 Stockholders for interest or dividends amount declared during the year 150000 20 Salaries fees and all other compensation of officers directors trustees and home office employees 24 Rents 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express 36 Gross decrease in book value of ledger assets 412120 03 29631 74 441751 77 372405 99 150000 00 75156 49 21600 11 23106 57 11317 00 22178 01 6475 17 6464 90 147584 52CompteollebGeneeals Eepoet 575 37 All other disbursements 42 Interest and discount 43 Expense account 44 Mercantile agencies 45 Traveling expense 4530 28 4687 20 3178 42 3738 34 Total 16134 24 46 Total disbursements 1294174 77 IVLedger Assets 4 Book value of bonds excluding interest 2193398 38 5 Cash in companys office 818452 deposited in banks 14376050 total 151 945 02 6 Bills receivable 10090 99 7 Other ledger assets viz 8 Premium notes 69813 06 9 Furniture and fixtures 43220 97 10 Agents balances 40641 50 Total 11 Ledger assets NonLedger Assets 13 Interest accrued on bonds 19 Gross premiums in course of collection viz 28 On policies or renewals issued subsequent to October 1 Credits 34 Other nonledger assets viz 35 Accounts owned purchased on payment of losses 37 Gross assets Deduct Assets Not Admitted 39 Bills receivable 40 Furniture and fixtures 41 Agents balances 43 Gross premiums in course of collection written subsequent to October 1 1907 44 Book value of ledger assets over market value viz 45 Bonds 153675 53 2509109 92 14415 00 57212 50 45756 71 2626494 13 10090 99 43220 97 40641 50 17112 50 148720 88 51 Admitted assets 2366707 29 VLiabilities 1 Losses and claims in process of adjustment Credit 14440 44 2 Resisted Credit 9 932 00 13 Net unpaid claims except liability claims 24372 44576 CoMPTEOLLERGrENERAls EePORT 17 Special reserve for credit losses on policies expiring in October November and December being 50 per cent of 41076060 gross premiums received on said policies less 1336980 paid during said months on losses under said policies 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or or less from date of policy 122397378 unearned premiums 50 per cent 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 viz 25 Credit 32 Advance premiums 100 per cent 1908 business 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 1000000 00 44 Surplus over all liabilities 528160 50 192010 50 216382 94 611986 89 9651 96 525 00 838546 79 45 Surplus as regards policyholders 1528160 50 46 Total liabilities 2366707 29 Business in State of Georgia During 1907 45 Gross premiums received on risks written or renewed dur ing the year 2962 50 CONTINENTAL CASUALTY COMPANY HAMMOND INDIANA H G B Alexander President W H Betts Secretary Home Office Hammond Indiana General Offices Chicago Illinois William 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 31st of previous year 1192196 62 Extended at 1192196 62 IIIncome 4 Gross premiums unpaid December 31 last year Accident 62675809 Health 3255902 total 659317 11ComptrollerGenerals Report 577 5 Gross premiums written and renewed during the year Accident 272842394 Health 44622613 total 3174650 07 6 Total Accident 335518203 Health 47878515 total 3833967 18 7 Deduct gross premiums now in course of collection Ac cident 57943401 Health 3049653 total 609930 54 8 Entire premiums collected during the year Accident 277574802 Health 44828862 total 3224036 64 9 Deduct reinsurance return premiums and cancellations Accident 72427111 Health 11790443 total 842175 54 10 Net cash actually received for premiums Accident 2 05147691 Health 33038419 total 2381861 10 18 Total net cash actually received for premiums 19 Policy fees required or represented by applications 20 Interest on mortgage loans 21 Interest on collateral loans 22 Interest on bonds and dividends on stock 23 Interest on deposit 24 Interest from all other sources 25 Gross rents from companys property 1381861 10 204163 95 32452 69 2322 81 13952 33 344 23 108 76 3040 00 26 Total interest and rents 27 Profit on sale or maturity of ledger assets viz 28 Profit on sale of real estate 32 Prom all other sources viz 33 In suspense 52220 82 694 30 653 64 38 Total income 2639593 81 IIIDisbursements Accident 92218744 1 Gross amount paid for losses Health 11806573 total 2 Deduct salvage and reinsurance Accident 1040253 17 2786597 Accident 3 Net amount paid policyholders for losses 89432147 Health 11806573 total 4 Investigation and adjustment of claims Accident 11 95520 Health 182991 total 13785 11 5 Totals Accident 90627667 Health 11989564 total 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Accident 52353095 Health 8522596 total 608756 91 18 Policy fees retained by agents 204163 95 19 Stockholders for interest or dividends amount declared during the year 6000000 60000 00 37cg578 CoMPTBOLLERGrENERAls EePOET 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 24 Rents 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 33 Loss on sale or maturity of ledger assets viz 34 Loss on sale of real estate 37 All other disbursements viz 38 Bank exchange 1647 90 39 General expense 18 704 82 Total 195845 61 204751 73 11621 24 19806 92 153 20 52051 63 19901 33 19009 67 27868 87 21890 93 338 20 20352 72 46 Total disbursements 2 492 685 22 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 erals 4 Book value of bonds excluding interest 31100000 and book value of stocks 4500000 total 5 Cash in companys office 455350 deposited in banks 13510580 total 6 Bills receivable 7 Other ledger assets viz 8 Cash in hands of treasurer and premiums in transit 9 Furniture and fixtures 40431 41 10 Agents balances 50284 60 Total 58879 76 535113 00 15000 00 356000 00 139659 30 5663 96 138073 18 90716 01 11 Ledger assets 1339105 21 NonLedger Assets 12 Interest due 79200 and accrued 4 74436 on mortgages 5536 36 13 Interest accrued 533084 on bonds 5330 84 17 Market value of real estate over book value 18 Market value of bonds and stocks over book value 10867 20 280 24 1695 00ComptrollebGtenerals Repobt 579 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1907 Acci dent 57943404 Health 3049650 609930 54 37 Gross assets 1961878 19 Deduct Assets Not Admitted 39 Bills receivable 5663 96 40 Furniture and fixtures 40 431 41 41 Agents balances 50284 60 96379 97 51 Admitted assets 1865498 22 VLiabilities 1 Losses and claims in process of adjustment Accident 1401710 Health 117650 total 15193 60 2 Losses and claims reported proofs not received Acci dent 11856878 Health 1178445 total 130353 23 3 Losses and claims resisted Accident 3009500 Health 190000 total 31995 00 4 Total losses and claims Accident 16268088 Health 1486088 177541 83 14 Deduct reinsurance on losses and claims reported proofs not received 3500 resisted 12500 total 16000 00 15 Net unpaid claims except liability claims In process of adjustment 1519360 reported proofs not received 12685323 resisted 1949500 total 161541 83 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1 83952377 unearned premiums 50 per cent 919761 88 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Accident 9708814 Health 510990 total 102198 04 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 42700 00 31 Reinsurance 11204 79 32 Advance premiums 100 per cent 2427 50 34 Contingent reserve 50000 00 42 Total amount of all liabilities except capital 1289834 04 43 Capital actually paid up in cash 300000 00 44 Surplus over all liabilities 275664 18 45 Surplus as regards policyholders 575661 18 46 Total liabilities 1865498 22580 ComptrollerGenerals Report Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Accident 334884 Health 163250 total Gross losses paid Accident 78895 Health 38630 total 4981 34 1175 25 AMERICAN CASUALTY COMPANY READING PENNSYLVANIA Wm H Yocum President E P Van Reed Secretary Home Office 15 North Fifth Street Reading Pa Prank D Melhuish Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up cash 100000 00 2 Amount of ledger assets December 31 of previous year 167936 86 December 31 of previous year 16793686 3 Extended at 167936 86 IIIncome 1 Gross premiums unpaid December 31 last year Accident and Health 662902 Liability 593604 Plate Glass 94755 Steam Boiler 92714 Burglary and Theft 18550 total 14625 25 2 Gross premiums written and renewed dur ing the year Accident and Health 99 38375 Liability 2558854 Plate Glass 1176625 Steam Boiler 5 15682 Burglary and Theft 503031 total 146925 67 3 Total 161550 92 4 Deduct gross premiums now in course of collection Accident and Health 7 26060 Liability 724617 Plate Glass 338930 Steam Boiler 63400 Burg lary and Theft 55656 total 1908663 5 Entire premiums collected during the year Accident and Health 9875217 Liability 2427841 Plate Glass 9 32450 Steam Boiler 544996 Burglary and Theft 465925 total 142464 29CoMPTBOLLEBGrENEBALS RePOBT 581 Deduct reinsurance return premiums and cancellations Accident and Health 1500096 Liability 891707 Plate Glass 212550 Steam Boiler 130370 Burglary and Theft 89654 total 2824377 7 Net cash actually received for premiums Accident and Health 8375121 Liabil ity 1536134 Plate Glass 719900 Steam Boiler 414626 Burglary and Theft 376271 total 11422052 18 Total net cash actually received for premiums 19 Policy fees required or represented by applications 20 Interest on mortgage loans 3791 03 22 Interest on bonds and dividends on stock 23 Interest on deposit 6314 26 Total interest 34 Commission on bonding 35 Personal accounts 977 90 406 09 Total 38 Total income IIIDisbursements 1 Gross amount paid for losses Accident and Health 4649030 Liability 177965 Plate Glass 158712 Burglary and Theft 121064 total I 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and Health 2206901 Liability 229715 Plate Glass 207390 Steam Boiler 75452 Burglary and Theft 68683 total 18 Policy fees retained by agents 19 Stockholders for interest or dividends amount declared during the year 600000 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 21 Salaries traveling and 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 29 Advertising printing and stationery 31 Postage and express 32 Furniture and fixtures 38 Sundry office expense 46 Total disbursements 114220 52 18280 00 6419 15 1383 99 140303 66 51067 71 27881 41 18280 00 6000 00 10250 30 9761 24 38 00 190 49 1467 00 2519 08 2750 24 1241 63 363 22 2194 58 134004 90 582 ComptbollekGenerals Eepokt IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 5 Deposed in banks 6 Bills receivable 11 Ledger assets NonLedger Assets 12 Interest due 5000 and accrued 86689 on mortgages 13 Interest accrued 62170 on bonds 916 89 621 70 19 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 Accident 635963 Liability 207567 Plate Glass 300993 Steam Boiler 53800 Burglary and Theft 43356 total 20 Gross premiums in course of collection on policies or re newals issued prior to October 1 1907 Accident 90097 Liability 517050 Plate Glass 37937 Steam Boiler 9600 Burglary and Theft 12300 total 34 Other nonledger assets viz Personal accounts 37 Gross assets Deduct Assets Not Admitted 39 Bills receivable 40 Furniture and fixtures 43 Gross premiums in course of collection written prior to October 1 1907 44 Book value of ledger assets over market value viz Bonds 1209 12 363 22 6669 84 142 34 51 Admitted assets VLiabilities 1 Losses and claims in process of adjustment Accident and Health d 16 Special reserve for unpaid liability losses 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 59 02040 unearned premiums 50 per cent 75650 00 74717 34 22659 16 1209 12 174235 62 1538 59 12416 7 6669 84 51 25 194912 09 8384 52 186527 57 8500 00 1500 00 10000 00 29510 20ComptrolleeGeneeals Report 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Accident and Health 218296 Liability 34553 Plate Glass 94639 Steam Boiler 13574 Burglary and Theft 11736 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 100000 00 44 Surplus over all liabilities 42773 83 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Accident and Health 21165 Liability 21250 Plate Glass 2363 total I Gross losses paid Accident and Health 33705 Liability 1000 Plate Glass 7885 total 583 3727 98 515 56 43753 74 142773 83 186527 57 447 78 425 90 AMERICAN SURETY COMPANY OP NEW YORK Henry D Lyman President H B Zevely Secretary Home Office 100 Broadway New York City N Y Marion M Jackson Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 2500000 00 2 Amount of ledger assets as per balance December 31 of previous year 6383229 80 Extended at 6383229 80 IIIncome 1 Gross premiums unpaid December 31 last year Fidelity 5950278 Surety 23109772 total 29060050 2 Gross premiums written and renewed during the year Fidelity 107876343 Surety 140029280 total 2479056 23 3 Total Fidelity 113826621 Surety 163139052 2769656 73584 ComptrollerGenerals Report 4 Deduct gross premiums now in course of collection Fidelity 7284948 Surety 24041471 total 5 Entire premiums collected during the year Fidelity 106541673 Surety 139097581 total 6 Deduct reinsurance return premiums and cancellations Fidelity 14635226 Surety 31138852 total 7 Net cash actually received for premiums Fidelity 919 06447 Surety 107958729 total 22 Gross interest on bones and dividends on stock 23 Gross interest on deposits 24 Gross interest from all other sources 25 Gross rents from companys property in cluding 3840000 for companys occu pancy of its own buildings 349 qqq qi 313264 19 2456392 54 457740 78 1998651 76 115989 72 15429 21 128 48 26 Total gross interest and rents 28 Gross profit on sale or maturity of ledger assets Bonds 30 From other sources Premiums paid in advance December 31 1907 2580620 premiums paid in advance Decem ber 31 1906 1824600 total 33 Bills payablediscounted 481213 42 140 00 7560 20 100000 00 36 Total income 2587565 38 IIIDisbursements 1 Gross amount paid for losses Fidelity 37504508 Surety 78539813 total 2 Deduct salvage and reinsurance Fidelity 13997130 Surety 16530662 total 3 Net amount paid policyholders for losses Fidelity 235 07378 Surety 62009151 total 4 Investigation and adjustment of claims 1160443 21 305277 92 85516529 31579 35 5 Total Fidelity 26665313 Surety 62009151 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 5460198 Surety 10401884 total 19 Stockholders for interest or dividends amount declared during the year 20000000 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 886744 64 158620 82 200000 00 306251 60 431094 88CoMPTBOLLEBG ENEBAL s RePOET 585 23 Inspections 11338 27 24 Eents including 3840000 for companys occupancy of its own buildings 40791 68 25 Bepairs and expenses other than taxes on real estate including rent of building leased for 99 years 160731 51 26 Taxes on real estate 65637 27 27 All other taxes licenses and Insurance Department fees 50193 44 28 Legal expenses 1178 20 29 Advertising 21071 67 30 Printing and stationery 44051 64 31 Postage telegraph telephone and express 25319 00 32 Furniture and fixtures 11080 80 33 Gross loss on sale or maturity or ledger assets viz Bonds 158586 stocks 433250 total 5918 36 35 All other disbursements General miscellaneous expenses 29609 08 37 Checks of other parties in process of collection December 31 1906cashed 96704 interest 75206 total 1719 10 41 Total disbursements 2451351 96 IVLedger Assets 1 Book value of real estate unincumbered 3156337 64 4 Book value of bonds excluding interest 177517024 and book value of stocks 102581125 2800981 49 5 Cash in companys office 4240 04 6 Deposited in trust companies and banks on interest 472304 15 7 Deposited in trust companies and banks not on interest 85579 90 13 Ledger assets 6519443 22 NonLedger Assets 15 Interest accrued 877666 on bonds in terest accrued 512500 on other assets total 13901 66 18 Eents due 795418 and accrued 3 67500 on companys property or lease 11629 18 25530 84 81 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 Fidelity 6585472 Surety 13086318 total 196717 90 22 Gross premiums in course of collection on policies or re newals issued prior to October 1 1907 Fidelity 6 99476 Surety 10955153 total 313264 19 6858238 25 39 Gross assets 586 ComptrollerGenerals Eepokt Deduct Assets Not Admitted 45 Gross premiums in course of collection written prior to October 1 1907 46 Book value of ledger assets over market value viz as of December 31 1907 Stocks and bonds 116546 29 367089 58 483635 87 53 Admitted assets g VLiabilities 1 Losses and claims in process of adjustment Fidelity 4191979 Surety 1706475 total 2 Losses and claims reported proofs not re ceived Fidelity 14418356 Surety 12789558 total 3 Losses and claims resisted Fidelity 2336168 Surety 14944360 total 4 Total losses and claims Fidelity 20946503 Surety 29440393 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 203359918 unearned premiums 50 per cent 1016799 59 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 192465 60 unearned premiums pro rata HO 146 52 374602 38 58984 54 272079 14 17280528 503868 96 21 Total unearned premiums as shown by recapitulation 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Fidelity 195630 Surety 613715 total 26 Salaries rents expenses bills accounts fees etc due or accrued 27 State county and municipal taxes due or accrued 29 Due and to become due for borrowed money 33 Advance premiums 100 per cent 34 Other liabilities viz Checks of other parties in process of collection 134214 Munich Reinsurance Company 167187 total 43 Total amount of all labilities except capital 1806 065 78 44 Capital actually paid up in cash 2500000 00 45 Surplus over all liabilities 2 068 536 60 1126946 11 8093 45 12500 00 25837 05 100000 00 25806 20 3014 01 46 Surplus as regards policyholders 4 568 536 60 47 Total liabilities 6374602 38ComptrollerGenerals Report 587 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Fidelity 752359 Surety 848205 total Gross losses paid Fidelity 56528 Surety 458435 total 16005 64 5149 63 EMPIRE STATE SURETY COMPANY NEW YORK William M Tomlins Jr President Daniel Stewart Secretary Home Office 192 Montague St Borough of Brooklyn N Y T A Hammond Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 1229703 38 3 Decrease of paidup capital during the year by transfer to surplus 25000000 Extended at 1229703 38 IIIncome 1 Gross premiums unpaid December 31st last year Acci dent 943713 Health 216372 Liability 7958234 Fidelity 713486 Surety 9029826 Plate Glass 14 82755 Steam Boiler 143025 Burglary and Theft 1358371 Sprinkler 20077 total 2 Gross premiums written and renewed during the year Accident 7653350 Health 2165134 Liability 35655894 Fidelity 7018317 Surety 27412192 Plate Glass 10371927 Steam Boiler 623627 Burg lary and Theft 9770178 Sprinkler 188700 total 218658 59 1008593 28 3 Total Accident 8597072 Health 2381506 Liabil ity 43614128 Fidelity 7731803 Surety 36442018 Plate Glass 11854682 Steam Boiler 766652 Burg lary and Theft 11128549 Sprinkler 208777 total 1227251 87 4 Deduct gross premiums now in course of collection Acci dent 864161 Health 308143 Liability 5502103 Fidelity 1107021 Surety 11772017 Plate Glass 1675163 Steam Boiler 68863 Burglary and Theft 1835237 Sprinkler 8625 total 231413 33 5 Entire premiums collected during the year Accident 7732911 Health 2073363 Liability 38112025 Fidelity 6624782 Surety 24670001 Plate Glass 10179519 Steam Boiler 697789 Burglary and Theft 9293312 Sprinkler 200152 total 995838 54588 ComptbollebGenebals Repoet 6 Deduct reinsurance return premiums and cancellations Accident 2904171 Health 674728 Liability 80 59887 Fidelity 1193755 Surety 5612449 Plate Glass 3490021 Steam Boiler 220519 Burglary and Theft 3849174 Sprinkler 56418 totals 7 Net cash actually received for premiums Accident 4828740 Health 1398635 Liability 30052138 Fidelity 5431027 Surety 19057552 Plate Glass 6689498 Steam Boiler 477270 Burglary and Theft 5444138 Sprinkler 143734 total 20 Interest on mortgage loans 8 917 74 22 Interest on bonds and dividends on stock 30419 31 23 Interest on deposit 3 153 43 24 Interest from all other sources 702 97 25 Gross rents from companys property 102 50 26 Total interest and rents 38 Total income 260611 22 735227 32 43296 00 778523 32 II IDisbursements 2 Gross amount paid for losses Accident 1072069 Health 505460 Liability 6733707 Fidelity 9 00960 Surety 23217922 Plate Glass 3714203 Burglary and Theft 2513058 Sprinkler 42041 total Deduct salvage and reinsurance Accident 50357 Health 15000 Liability 11750 Fidelity 661581 Surety 17084309 Plate Glass 3519 Burglary and Theft 346076 total 386994 20 181725 92 3 Net amount paid policyholders for losses Accident 1021712 Health 490460 Liability 6721957 Fi delity 239379 Surety 6133613 Plate Glass 37 10684 Burglary and Theft 2166982 Sprinkler 420 41 totaI 205268 28 4 Investigation and adjustment of claims Accident 1 64648 Health 49637 Liability 3046088 Fidelity 361221 Surety 604216 Plate Glass 3002 Burg lary and Theft 167152 Sprinkler 1270 total 43972 34 5 Totals Accident 1186360 Health 540097 Liabil ity 9768045 Fidelity 600600 Surety 6737829 Plate Glass 3713686 Burglary and Theft 2334134 Sprinkler 43311 total 249 240 62ComptrollerGenerals Eeport 589 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 1769507 Health 364825 Liability 92 54582 Fidelity 1155833 Surety 4775357 Plate Glass 2452964 Steam boiler 130024 Burglary and Theft 1771129 Sprinkler 43212 total 217174 33 19 Stockholders for interest or dividends amount declared during the year 5250000 52500 00 20 Salaries fees and all other compensation of officers directors trustees and home office employees 89689 53 21 Salaries traveling and all other expenses of agents not paid by commissions 56284 31 23 Inspections other than medical 3138 48 24Rents 27920 38 25 Repairs and expenses other than taxes on real estate 1165 27 27 All other taxes licenses and insurance department fees 14741 78 28 Legal expenses 3729 66 5 794 27 29 Advertising 30 Printing and Stationery 10171 85 31 Postage and express 10735 31 32 Furniture and fixtures 3707 10 33 Loss on sale or maturity of ledger assets viz 34 Bonds 71 32 35 Stocks 2205 50 Total 291582 37 All other disbursements viz 38 Interest and exchange I42 39 Traveling 7609 89 40 Miscellaneous 19891 84 41 Profit and loss agents balances 6512 32 42 Liabilities 1905 taken off statement 1906 and now adjusted 1805 32 Total 35962 36 46 Total disbursements 784801 13 IVLedger Assets 1 Book value of real estate unincumbered 53250 76 2 Mortgage loans on real estate first liens 225266 15 4 Book value of bonds excluding interest 54319515 and book value of stocks 14592500 689120 15 5 Cash in companys office 1096127 deposited in banks 15748762 total 168448 89 6 Bills receivable 2987 71 Other ledger assets 84351 91 11 Total assets L223425 57590 ComptrollerGenerals Eepoet NonLedger Assets 7 Other Ledger Assets Accounts receivable 49338 ad vanced on contracts fully secured 3690035 cash in hands of agents 2358052 rents paid in advance 1 33333 deposit with city treasurer Albany N Y 10 04433 deposit with court cmmn pleas Ravenna O 1200000 total M 12 Interest on mortgages 2 865 51 13 Interest on bonds g qjo g7 Tta1 788208 17 Market value of real estate over book value 8 399 24 19 Gross premiums in course of collection viz 20 On policies or renewals issued subsequent to October 1 Accident 756616 Health 285618 Liability 49 90795 Fidelity 694417 Surety 8133854 Plate Glass 1600014 Steam Boiler 65213 Burglary and Theft 1781921 Sprinkler 8625 total 183170 73 21 On policies or renewals issued prior to October 1 Acci dent 107545 Health 22525 Liability 511308 Fidelity 412604 Surety 3638163 Plate Glass 75149 Steam boiler 3650 Burglary and Theft 53316 total 48242 60 ta1 231413 33 37 Gross assets Deduct Assets Not Admitted 39 Bills receivable n 43 Gross premiums in course of collection written prior to Ct0ber 48242 60 4 Book value of ledger assets over market value viz 45 Bonds 53495 15 46 Stocks 67150 00 47 Deposit in Borough Bank 25 per cent disallowed by N Y Ins Dept 7841 29 48 Deposit in Brooklyn Bank 10 per cent disallowed by N Y Ins Dept 3136 52 49 Deposit in Jenkins Trust Co 10 per cent disallowed by N Y Ins Dept 863 21 50 Deposit in Williamsburgh Trust Co 10 per cent disallowed by N Y Ins Dept 2937 05 Tta1 135423 22 186653 53 51 Admitted assets 1284466 69ComptrollerGeneral s Keport 591 VLiabilities 1 Losses and claims adjusted Accident 100070 Health 38211 Fidelity 64140 Surety 101199 Plate Glass 381310 Burglary and Theft 122791 total 8077 21 2 In process of adjustment Accident 195886 Health 91216 Fidelity 78231 Surety 231532 Burglary and Theft 223419 total 8202 84 3 Reported proofs not received Accident 833139 Health 1712 Fidelity 1352941 Surety 8060483 Burglary and Theft 156770 total104050 45 4 Resisted Accident 10000 Health 15000 Fidelity 564590 Surety 2346824 Burglary and Theft 1 00000 total 30364 14 5 Totals Accident 1139095 Health 146139 Fidelity 2059902 Surety 10740038 Plate Glass 381310 Burglary and Theft 602980 total 14 Deduct reinsurance 15 Net unpaid claims except liability claims 16 Special reserve for unpaid liability losses 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 57059492 un earned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 125 76160 unearned premiums pro rata 150694 64 663 00 150031 64 26918 25 176949 89 285297 46 66681 03 21 Total unearned premiums 351978 49 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 viz 23 Accident 277225 Health 74518 Liability 1536667 Fidelity 147772 Surety 2038344 Plate Glass 5 86725 Steam Boiler 17764 Burglary and Theft 5 79659 Sprinkler 2593 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 31 Reinsurance 33 Other liabilities viz 34 Co Insurance premiums due other companies 42 Total amount of all liabilities except capital 601883 86 52612 67 14893 67 2295 01 3154 13592 CompteolleeGenerals Eepoet 43 Capial actually paid up in cash 44 Surplus over all liabilities 500000 00 182582 83 45 Surplus as regards policyholders 682 582 83 46 Total liabilities 1284466 69 Business in State of Georgia During 1907 37 Gross premiums received on risks written or renewed during the year Accident 157905 Health 67843 Liability 75317 Fidelity 18596 Surety 150 Plate Glass 68609 Steam Boiler 18 Burglary and Theft 12966 total 4180 36 38 Gross losses paid Accident 7857 Health 38571 Surety 20869 Burglary and Theft 230 total 902 97 THE EMPLOYERS INDEMNITY COMPANY OF PHILADELPHIA PENNSYLVANIA Frank R Tobey President Trevanion B Dallas Secretary Home Office West End Trust Bldg Broad and South Penn Square Philadelphia Pennsylvania Wm A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets December 31 of previous year 370901 69 Extended at 370901 6 IIIncome 4 Gross premiums unpaid December 31 yast year Acci dent 3750 Liability 4450530 total 44542 80 5 Gross premiums written and renewed during the year Liability 369104 74 6 Total Accident 3750 Liability 41361004 total 413647 54 7 Deduct gross premiums now in course of collection Ac Cident 74957 85 8 Entire premiums collected during the year Accident 3750 Liability 33865219 total 338 689 69 9 Deduct reinsurance return premiums and cancellations LiabiHt 74098 38ComptrollerGenerals Report 593 10 Net cash actually received for premiums Accident 3750 Liability 26455381 total 264591 31 18 Total net cash actually received for premiums 264591 31 20 Interest on mortgage loans 1696 77 22 Interest on bonds and dividends on stock 14786 43 23 Interest on deposit 202 48 26 Total interest 16685 68 32 From all other sources viz 33 Gross increase in book value of bonds 574 14 38 Total income 281851 13 IIIDisbursements 1 Gross amount paid for losses Accident 100 Liability 8433736 total 84437 36 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Liability 46806 19 19 Stockholders for interest or dividends amount declared during the year 600000 6000 00 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 37902 87 22 Medical examiners fees and salaries 606 00 23 Inspections other than medical 310 35 24 Rents including 304968 for companys occupancy of its own buildings 3049 68 27 All other taxes licenses and insurance department fees 8424 29 28 Legal expenses 17039 25 29 Advertising printing and stationery 2969 05 31 Postage express and general expenses 6945 10 32 Furniture and fixtures 1299 97 37 All other disbursements viz 38 Gross decrease in book value of bonds 387 09 39 Gross decrease in book value of furniture and fixtures 407 02 40 Traveling expenses 4525 64 Total 5319 75 46 Total disbursements 2li109 86 IVLedger Assets 2 Mortgage loans on real estate first liens 24600 00 4 Book value of bonds excluding interest 35233360 and book value of stocks 38475 75 total 390809 35 38cg594 ComptrollerGenerals Beport 5 Cash in companys office 154932 deposited in banks 1460442 total 16153 74 6 Bills receivable 79 87 11 Ledger assets 431642 96 NonLedger Assets 12 Interest due 130 and accrued 33677 on mortgages 466 77 13 Interest accrued on bonds 4626 14 15 Interest accrued on other assets 607 00 Total 5699 91 19 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1907 Liability 51954 73 On policies or renewals issued prior to October 1 1907 Liability 23003 12 34 Other nonledger assets viz 35 Furniture and fixtures 2344 39 37 Gross assets 514645 11 Deduct Assets Not Admitted 39 Bills receivable 79 87 40 Furniture and fixtures 2344 39 43 Gross premiums in course of collection written prior to October 1 1907 23003 12 44 Book value of ledger assets over market value 30957 85 Total 56385 23 51 Admitted assets 458259 88 VLiabilities 16 Special reserve for estimated amount of unpaid liabil ity claims 25725 00 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 23747951 un earned premiums 50 per cent 118739 75 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1858000 unearned premiums pro rata 9316 20 21 Total unearned premiums 128055 95ComptrolleeGeneeal s Repobt 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Liability 26 Salaries rents expenses taxes bills accounts fees etc due 32 Advance premiums 100 per cent 33 Other liabilities viz 34 Special contingent reserve 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 100000 00 44 Surplus over all liabilities 172957 10 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Gross losses paid 595 9807 86 6353 97 360 00 15000 00 185302 78 272957 10 458259 88 746 50 258 00 UNITED STATES BEANCH OF THE EMPLOYERS LIABILITY ASSUR ANCE CORPORATION LTD OF LONDON ENGLAND Lord Claud Hamilton Chairman S Stanley Brown Esq Secretary Home Office U S Branch 33 Broad St Boston Mass William W Cunningham Atlanta Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets December 31 of previous year 3516531 48 Extended at 3516531 48 IIIncome 4 Gross premiums unpaid December 31 last year Acci dent 4840733 Health 302209 Liability 419005 75 Fidelity 614007 Burglary and Theft 646806 total 483043 30 5 Gross premiums written and renewed during the year Accident 28542668 4866875 Liability 3025737 61 Fidelity 10538046 Steam Boiler 450616 Burg lary and Theft 6664021 total 3536359 87 6 Totals Accident 33383401 Health 5169084 Liabil ity 344474336 Fidelity 11152053 Steam Boiler 450616 Burglary and Theft 7310827 total 4019403 17596 ComptrollerGeneeais Keport 7 Deduct gross premiums now in course of collection Ac cident 5369133 Health 305064 Liability 525 93100 Fidelity 1403296 Burglary and Theft 13 42284 total 610128 77 8 Entire premiums collected during the year Accident 280142 68 Health 4864020 Liability 291881236 Fidelity 9748757 Steam Boiler 450616 Burglary and Theft 5968543 total 3409274 40 9 Deduct reinsurance return premiums and cancellations Accident 4754449 Health 984494 Liability 348 36884 Fidelity 2414692 Steam Boiler 22500 Burg lary and Theft 932781 total 439458 00 10 Net cash actually received for premiums Accident 23259819 Health 3879526 Liability 257044352 Fidelity 7334065 Steam Boiler 428116 Burglary and Theft 5035762 total 2969816 40 18 Total net cash actually received for premiums 2969816 40 22 Interest on bonds and dividends on stock 122379 11 23 Interest on deposit 1748 79 26 Total interest 124127 90 27 Profit on sale or maturity of ledger assets 659 16 38 Total income 3094603 46 IIIDisbursements 1 Gross amount paid for losses Accident 10819357 Health 1046691 Liability 92960506 Fidelity 19 38270 Burglary and Theft 928609 total 1076934 33 2 Deduct salvage and reinsurance Accident 22304 Liability 12500 total 348 04 3 Net amount paid policy holders for losses Accident 10797053 Health 1046691 Liability 92948006 Fidelity 1938270 Burglary and Theft 928609 total 1076586 29 4 Investigation and adjustment of claims Accident 3 85050 Health 6105 Liability 21388057 Fidelity 198671 Burglary and Theft 17904 total 219957 87 5 Totals Accident 11182103 Health 1052796 Liabil ity 114336063 Fidelity 2136941 Burglary and Theft 946513 total 1296544 16 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Accident 8918673 Health 143021 Liability 693 24869 Fidelity 1433028 Steam Boiler 79213 Burglary and Theft 1292748 total 811921 52ComptrollekGenerals Report 597 19 Remitted to head office 259181 14 20 Salaries fees and all other compensation of officers directors trustees and home office employees 72027 93 21 Salaries traveling and all other expenses of agents not paid by commissions 24206 37 23 Inspections other than medical 38022 06 24 Rents 30451 78 27 All other taxes licenses and insurance department fees 56922 40 28 Legal expenses 3858 77 29 Advertising 9808 92 30 Printing and stationery 23433 98 31 Postage and express 18266 71 32 Furniture and fixtures 3173 81 33 Loss on sale or maturity of ledger assets 69 00 37 All other disbursements viz 38 Bad Debt 4575 76 46 Total disbursements 2652464 31 IVLedger Assets 4 Book value of bonds excluding interest 3930786 68 5 Cash in companys office 3300 00 6 Bills receivable 1544 04 7 Other ledger assets viz 8 Cash deposited with Trustees with Kidder Peabody Co 23039 91 11 Ledger assets 3958670 63 NonLedger Assets 13 Interest on bonds 47918 07 19 Gross premiums in course of collection viz 20 On policies or renewals issued subsequent to October 1 1907 Accident 4888414 Health 303814 Liability 48840164 Fidelity 1393451 Burglary and Theft 1334234 total 567600 77 21 On policies or renewals issued prior to October 1 1907 Accident 480719 Health 1250 Liability 37529 36 Fidelity 9845 Burglary and Theft 8050 total 42528 00 Total 610128 77 37 Gorss assets 4616717 47 Deduct Assets Not Admitted 43 Gross premiums in course of collection written prior to October 1 1907 42528 00 44 Book value of ledger assets over market value viz 45 Bonds 258186 68 51 Admitted Assets 4316002 79598 ComptrollerGenerals Report VLiabilities 1 Losses and claims in process of adjustment Accident 13600 Health 2720 Fidelity 18320 Burglary and Theft 1695 total 36335 00 2 Resisted Accident 5060 Fidelity 3605 total 8665 00 3 Totals Accident 18660 Health 2720 Fidelity 21 925 Burglary and Theft 1695 total 45000 00 16 Special reserve for unpaid liability losses 1380817 04 18 Total unpaid claims and expenses of settlement 1425817 04 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 234726283 unearned premiums 50 per cent 1173631 40 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 295502 26 unearned premiums pro rata 151788 47 21 Total unearned premiums 1325419 87 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 viz 23 Accident 1696641 Health 111055 Liability 133 35327 Fidelity 363637 Steam Boiler 33185 Burg lary and Theft 389528 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 159293 73 50000 00 42 Total amount of all liabilities except capital 2960530 64 43 Capital actually paid up in cash statutory deposit 250000 00 44 Surplus over all liabilities 1105472 15 45 Surplus as regards policyholders 1355472 15 46 Total liabilities 4316002 79 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 686143 Health 283509 Liability 1253728 Fidelity 56952 Burglary and Theft 558 total 23361 32 Gross losses paid Accident 12024 33 Health 95985 Liability 338934 Burglary and Theft 252 total 16625 52ComptrollerGenerals Eeport 599 THE FIDELITY CASUALTY COMPANY OF NEW YORK George F Seward President Robert J Hillas Secretary Home Office 97 to 103 Cedar Street New York City Eugene Oberdorfer Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets December 31 of previous year 6669503 71 Extended at 6669503 71 IIIncome 1 Gross premiums unpaid December 31 last year Acci dent 18443436 Health 19224933 Liability 299 06616 Fidelity 2926748 Plate Glass 5026161 Steam Boiler 6746867 Burglary and Theft 69538 54 Fly Wheel 1066528 total 902951 43 2 Gross premiums written and renewed during the year Accident 260302789 Health 132344999 Liability 231728375 40183022 Plate Glass 41917244 Steam Boiler 51004395 Burglary and Theft 769 67774 Fly Wheel 9507229 total 8439558 27 3 Total Accident 278746225 Health 151569932 Liability 261634991 Fidelity 43109770 Plate Glass 46943405 Steam Boiler 57751262 Burglary and Theft 83921628 Fly Wheel 10573757 total 9342509 70 4 Deduct gross premiums now in course of collection Ac cident 22118662 Health 24596819 Liability 326 43314 Fidelity 3766196 Plate Glass 5512138 Steam Boiler 51367785 Burglary and Theft 25901 26 Fly Wheel 1596361 total 1054484 93 5 Entire premiums collected during the year Accident 256627563 Health 126973113 Liability 2289 91677 Fidelity 39343574 Plate Glass 41431267 Steam Boiler 51367785 Burglary and Theft 25901 02 Fly Wheel 8977396 total 8288024 77 6 Deduct reinsurance return premiums and cancellations Accident 86318751 Health 39205091 Liability 34929803 Fidelity 8305952 Plate Glass 6905523 Steam Boiler 16337258 Burglary and Theft 169 71595 Fly Wheel 1678276 total 2106522 49600 COMPTKOLLEBGrENERAls EePOET 7 Net cash actually received for premiums Accident 1 70308812 87768022 194061874 Fidelity 310 37622 Plate Glass 34525744 Steam Boiler350305 27 Burglary and Theft 58118507 Fly Wheel 72 99120 total 18 Total net cash actually received for premiums 21 Gross interest on collateral loans 22 Gross interest on bonds and dividends on stocks 23 Gross interest on deposits 24 Gross interest from all other sources 25 Gross rents from companys property including 57 22127 for companys occupancy of its own buildings 26 Total gross interest and rents 28 Gross profit on sale or maturity of ledger assets Bonds 31 Premiums paid in advance 32 Unearned premiums held under contract with Munich Reinsurance Company 33 Fidelity Insurance Fund subscriptions from agents and employes 34 Suspense account 35 All other 6181502 28 6181502 28 1763 59 255030 24 805 41 586 55 77530 77 335716 56 44 06 9497 66 6290 45 1207 34 951 39 1326 09 Total 19272 93 36 Total income 6536535 83 IIIDisbursements 1 Gross amount paid for losses Accident 91997459 Health 40226881 Liability 95355387 Fidelity 10820604 Plate Glass 14104322 Steam Boiler 36 73055 Burglary and Theft 17853754 Fly Wheel 1824516 total 2758559 78 2 Deduct salvage and reinsurance Accident 7226354 Health 10178 Liability 1050411 Fidelity 46 48260 Plate Glass 500648 Steam Boiler 503772 Burglary and Theft 613306 Fly Wheel 12932 total 145658 61 3 Net amount paid policyholders for losses Accident 84771105 Health 40216703 Liability 94304976 Fidelity 6172344 Plate Glass 13603674 Steam Boiler 3169283 Burglary and Theft 172404 48 Fly Wheel 1811584 total 2il2fi01 ComptrollerGenerals Eepoet 601 4 Investigation and adjustment of claims Accident 56 51370 Health 2524329 Liability 18156572 Fidel ity 1373603 Plate Glass 1155875 Steam Boiler 4 28692 Burglary and Theft 2289609 Fly Wheel 60769 total 31640819 5 Totals Accident 90422475 Health 42741032 Liabil ity 112461548 Fidelity 7545947 Plate Glass 14759549 Steam Boiler 3597975 Burglary and Theft 19530057 Fly Wheel 1872353 total 2929309 36 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Accident 58484008 Health 29818566 Liability 43552762 Fidelity 5206711 Plate Glass 106640 28 Steam Boiler 8013183 Burglary and Theft 140 36435 Fly Wheel 1325982 total 1711016 75 19 Stockholders for interest or dividends amount declared during the year 15000000 150000 00 20 Salaries fees and all other compensation of officers directors trustees and home office employees 429834 45 21 Salaries traveling and all other expenses of agents not paid by commissions 361068 40 22 Medical examiners fees and salaries 5819 84 23 Inspections other than medical 208127 08 24 Rents 9559455 including 5722127 for companys oc cupancy of its own buildings less 1884816 included in items 1 to 13 and 2952856 included in item 21 47217 83 25 Repairs and expenses other than taxes on real estate 36795 15 26 Taxes on real estate 14951 20 27 All other taxes licenses and insurance department fees 108668 23 28 Legal expenses 8985 57 29 Advertising 22715 90 qa 4QO 03 30 Printing and stationery os 31 Postage telegraph telephone and express 34707 63 32 Furniture and fixtures 8565 81 35 All other disbursements viz 36 Exchange and collection fees 3267 30 37 Profit and loss 625 34 38 Sundry expenses 40766 45 Total Ulll 41 Total disbursements 6198934 32 IVLedger Assets 1 Book value of real estate unincumbered 970499 58 4 Book value of bonds excluding interest 264962073 and book value of stocks 320274286 total 5852363 59 5 Cash in companys office 16394602 ComptrollerGenerals Eeport 6 Deposited in trust companies and banks on interest 36253 26 7 Deposited in trust companies and banks not on interest 90425 61 10 Agents balances and sundry ledger assets 41 168 57 13 Ledger assets 7007105 22 NonLedger Assets 15 Interest accrued on bonds 17 Interest accrued on other assets 18 Rents accrued on companys property or lease Total 8071 22 14 34 1485 00 81 Gross premiums in course of collection viz 1 On policies or renewals issued subsequent to October 1 1907 Accident 19292032 Health 22609574 Liabil ity 25961988 Fidelity 2944312 Plate Glass 50 48792 Steam Boiler 5967685 Burglary and Theft 8034373 Fly Wheel 1510733 total 2 On policies or renewals issued prior to October 1 1907 Accident 2826630 Health 1987245 Liability 66 81326 Fidelity 821884 Plate Glass 463346 Steam Boiler 415792 Burglary and Theft 797153 Fly Wheel 85628 total Total 36 Other nonledger assets viz 37 Reserve held for account Munich Reinsur ance Co 45896 13 38 Furniture and fixtures etc insured for 158850 75 000 00 9570 56 913694 89 140790 04 1054484 93 Total 39 Gross assets Deduct Assets Not Admitted 42 Furniture and fixtures 45 Gross premiums in course of collection written prior to October 1 1907 47 Bonds and stocks 588600 84 48 Agents balances and sundry ledger ac counts 41168 57 49 Munich reserve 45 896 13 120896 13 8192056 84 75000 00 140790 04 Total 675665 54 Tota1 891455 58 53 Admitted assets 7300601 26ComptrollerGenerals Eeport 603 VLiabilities 1 Losses and claims in process of adjustment Accident 18200933 Health 1710000 Fidelity 5074966 Plate Glass 1272187 Steam Boiler 1556200 Burg lary and Theft 4513400 total 2 Reported proofs not received Accident 31080 Health 3200000 total 3 Resisted Accident 6313767 Fidelity 929928 Plate Glass 80000 Steam boiler 600 Burglary and Theft 1082000 Fly Wheel 750000 total 4 Total Accident 276227 Health 4910000 Fidelity 6004894 Plate Glass 1352187 Steam Boiler 16 162 Burglary and Theft 55954 Fly Wheel 750000 total 16 Special reserve for unpaid liability losses 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 580705313 unearned premiums 50 per cent 2903526 56 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1056 57692 unearned premiums pro rata 323276 86 63080 00 92156 95 478513 81 1207173 86 1685687 67 552510 20 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 6622955 Health 7687255 Liability 58 15485 Fidelity 494056 Plate Glass 1553008 SteamBoiler 1363019 Burglary and Theft 19250 36 Fly Wheel 274198 total 26 Salaries rents expenses bills accounts fees etc due or accrued 27 State county and municipal taxes due or accrued 32 Reinsurance 33 Advance premiums 100 per cent 34 Other liabilities viz 35 Fidelity insurance fund subscriptions from agents and employees 36 Reinsurance due Munich Reinsurance Co 37 Suspense account 38 All other 3456036 76 257350 12 27760 83 75990 62 12454 57 24857 52 8582 16 45896 13 2892 55 17 79 36 Total 59150 20 43 Total amount of all liabilities except capital 5599288 28604 CompteollebGtenebals Eepoet 44 Capital actually paid up in cash i 000 45 Surplus over all liabilities 000 00 701312 97 46 Surplus as regards polieyholders 1 701 312 97 7300601 26 93495 14 47 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 4333676 Health 2010753 Liability 1032470 Fidelity 102965 Plate Glass 443157 Steam Boiler 727192 Burglary and Theft 521123 Fly Wheel 178178 total Gross losses paid Accident 3601036 Health 11019 89 Liability 452328 Plate Glass 113930 Steam Boil er 286655 Burglary and Theft 14450 Fly Wheel 189299 total g FIDELITY AND DEPOSIT COMPANY OF BALTIMORE MARYLAND Edwin Warfield President Harry Nicodemus Secretary Home Office Northwest Corner Charles and Lexington Streets Baltimore Maryland Aaron Haas Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in eash 2000000 00 2 Amount of ledger assets December 31 of previous year 6i03396 64 Extended at 6103396 64 IIIncome 1 Gross premiums unpaid December 31 last year Fidelity 4543260 Surety 6635028 total ni 782 88 2 Gross premiums written and renewed during the year Fidelity 132643691 Surety 32342611 total l649 863 02 3 Total Fidelity 137186951 Surety 38977639 total 1761 645 90 4 Deduct gross premiums now in course of collection Fi delity 8654291 Surety 7594410 total 162 487 01 5 Entire premiums collected during the year Fidelity 28532660 Surety 31383229 total 6 Deduct reinsurance return premiums and cancellations Fidelity 15067438 Surety 1359138 total i64265 76 1599158 89 7 Net cash actually received for premiums Fidelity 1 13465222 Surety 30024091 total 1434 893 13ComptrollebGenekals Bepobt 605 18 Total net cash actually received for premiums 21 Gross interest on collateral loans 22 Gross interest on bonds and dividends on stocks 23 Gross interest on deposits 24 Gross interest from all other sources 25 Gross rents from companys property including 12000 for companys occupancy of its own buildings 26 Total gross interest and rents 28 Gross profit on sale or maturity of ledger assets viz Bonds 29 Gross increase in book value of ledger assets viz Stocks 31 Commissions and fees 32 Items recovered charged against undi vided profits in previous years 2538 00 336 00 Total 36 Total income 1434893 13 3115 82 196343 78 1565 13 610 60 57798 69 259434 02 123 00 5000 00 2874 00 IIIDisbursements 1 Gross amount paid for losses Surety 19201497 total 2 Deduct salvage and reinsurance Surety 1936692 total Fidelity 67218469 i Fidelity 4428156 3 Net amount paid policyholders for losses Fidelity 62790313 Surety 17264805 totali 4 Investigation and adjustment of claims Fidelity 20 86862 Surety 736980 total 864199 66 63648 48 800551 18 28238 42 5 Totals Fidelity 64877175 Surety 18001785 total 828789 60 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Fidelity 28926344 Surety 7995302 total 19 Stockholders for interest or dividends amount declared during the year 28000000 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 23 Inspections other than medical 24 Eents including 1200000 for companys occupancy of its own buildings 25 Eepairs and expenses other than taxes on real estate 26 Taxes on real estate 369216 46 280000 00 169693 33 36358 37 25546 24 12000 00 19675 60 18038 75606 ComptrollerGenerals Eeport 27 All other taxes licenses and Insurance Department fees 71038 96 28 Legal expenses 39 374 Q3 29 Advertising 6609 22 30 Printing and stationery 10 797 60 31 Postage telegraph telephone and express 14 690 29 32 Furniture and fixtures g ggg 33 33 Gross loss on sale or maturity of ledger assets viz Bonds 581 25 34 Gross decrease in book value of ledger assets viz Bonds 20875800 stocks 1167700 220435 00 35 All other disbursements Incidentals etc 1559318 brokerage 14350 development 786922 interest charges 120423 traveling expenses 440663 charged against undivided profits premiums uncol lectible 19900 29 414 76 41 Total disbursements 2 160 928 29 IVLedger Assets 1 Book value of real estate unincumbered 757 000 00 3 Loans secured by pledge of bonds stocks or other col laterals 197750 00 4 Book value of bonds excluding interest 286902500 and book value of stocks 153686500 4405890 00 6 Deposited in trust companies and banks on interest 61216 10 7 Deposited in trust companies and banks not on interest 222 936 40 13 Ledger assets 564i792 50 NonLedger Assets 18 Bents due 33 5g 21 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 Fidelity 5882462 Surety 6912624 total 127950 86 22 Gross premiums in course of collection on policies or re newals issued prior to October 1 1907 Fidelity 27 71829 Surety 681786 total 34536 lg 39 Gross assets 5810563 10 Deduct Assets Not Admitted 45 Gross premiums in course of collection written prior to October 1 1907 34536 15 53 Admitted assets 5776026 95 VLiabilities 1 Losses and claims adjusted Fidelity 31 628 05 2 Losses and claims in process of adjustment Fidelity 15098 63 3 Losses and claims reported proofs not received Fidelity 24l477 66ComptrollerGeneral s Report 607 4 Losses and claims resisted Fidelity 9642642 Surety 22374575 total 320172 17 18 Total unpaid claims and expenses of settlement Fidel ity 38463076 Surety 22374575 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 144555701 unearned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 8404521 unearned premiums pro rata 55760 66 722778 51 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Fidelity 1470615 Surety 1728155 total 27 State county and municipal taxes due or accrued 33 Advance premiums 100 per cent 608376 51 778539 17 31987 70 35000 00 830 65 43 Total amount of all liabilities except capital 1454734 03 44 Capital actually paid up in cash 2000000 00 45 Surplus over all liabilities 2321292 92 46 Surplus as regards policyholders 4321292 92 47 Total liabilities 5776026 95 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Fidelity 2397558 Surety 528178 total 29257 36 Gross losses paid Fidelity 829688 Surety 50675 total 8803 63608 ComptrollerGenerals Eeport FEDERAL CASUALTY COMPANY DETROIT MICHIGAN V D Cliff President Peter Patterson Secretary Home Office Majestic Building Detroit Mich Wm A Wright Insurance Commissioner 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 119 031 71 Extended at 119031 71 IIIncon 1 Entire premiums collected during the year 292 374 36 i Deduct reinsurance return premiums and cancellations 148 44 3 Net cash actually received for premiums 292 225 92 19 Policies fees required or represented by applications es timated 99 T 32660 00 M Interest on bonds and dividends on stock 4 827 89 32 From all other sources Reinsurance Columbian Inst ance Co 41261 67 38 Total income 490007 19 HIDisbursements 1 Total amount paid policyholders for losses 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 18 Policy fees retained by agents 19 Stockholders for interest or dividends amount declared during the year 20000 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 22 Medical examiners fees and salaries 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 122245 42 76425 93 32084 11 20000 00 23669 73 7781 60 1571 73 5376 11 3390 55 208 50 2159 68 5950 44 6562 90 1226 25 37 46 ComptrollerGenerals Report 609 All other disbursements Premiums on bonds purchased 334752 general expense 161082 total 4958 34 Total disbursements 313611 29 IVLedger Asests 5 6 7 11 13 37 44 Book value of bonds excluding interest 149500 and book value of stocks 10000 total Cash in companys office and deposited in banks Bills receivable Other ledger assets Ledger assets NonLedger Assets Interest accrued on bonds Book value of ledger assets over market value viz Stocks 22 26 32 33 42 43 44 Total amount of all liabilities except capital Capital actually paid up in cash 100000 00 Surplus over all liabilities 51759 13 45 Surplus as regards policyholders 46 39 Total liabilities eg 159500 00 972 54 3000 00 12923 36 176395 90 1413 73 Gross assets 177809 63 Deduct Assets Not Admitted 1100 00 51 Admitted assets 176709 63 VLiabilities Losses and claims Accident and Health 446 claims pending Our claims by year averaging about 1850 each allowing 2750 each which seems liberal would make 12265 00 Commissions brokerage and other charges due to agents or brokers on policies issued subsequent to October 1 1907 viz Accident and Health 3000 00 Salaries rents expenses taxes bills accounts fees etc due or accrued 500 00 Advance premiums 100 per cent 4185 50 Other Liabilities viz State taxes on premiums estimated 5000 00 24950 50 151759 13 176709 63610 ComptrollerGenerals Report Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Accident and Health Gross losses paid Accident and Health 5559 17 1872 43 FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSURANCE COMPANY OF FRANKFORTONTHEMAIN GERMANY United States Manager and Attorney C H Franklin Principal Office in United States 100 William Street New York City Fair Dodd Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 Extended at of previous year 1255856 37 1255856 37 IIIncome Gross premiums unpaid December 31 last year Acci dent 448854 Liability 20380726 Burglary and Theft 79772 Workmens Collective 1398300 total 223076 52 Gross premiums written and renewed during the year Accident 6125064 Liability 93017870 Burglary and Theft 2076114 Workmens Collective 9291002 total 3 Total Accident 6573918 Liability 113398596 Burglary and Theft 2155886 Workmens Collective 10689302 total 4 Deduct gross premiums now in course of collection Acci dent 546900 Liability 17229859 Burglary and Theft 510068 Workmens Collective 2163879 total 1105100 50 1328177 02 204507 06 5 Entire premiums collected during the year Accident 6027018 Liability 96168737 Burglary and Theft 1645818 Workmens Collective 8525423 total 1123669 96 6 Deduct reinsurance return premiums and cancellations Accident 1439106 Liability 13255489 Burglary and Theft 597718 Workmens Collective 534702 total 7 Net cash actually received for premiums Accident 45 87912 Liability 82913248 Burglary and Theft 10 48100 Workmens Collective 7990721 total 158270 15 965399 81ComptrollerGeneral s Report 611 19 Policy fees required or represented by application 10567 60 22 Gross interest on bonds and dividends on stocks 40573 43 23 Gross interest on deposits 1276 93 26 Total gross interest and rents 41850 36 30 From other sources Remittance from home office 50105 93 36 Total income 1067923 70 IIIDisbursements 1 Gross amount paid for losses Accident 1606796 Lia bility 31364688 Burglary and Theft 316910 Workmens Collective 4355680 total 2 Deduct salvage and reinsurance 3 Net amount paid policyholders for losses Accident 15 73510 Liability 31364688 Burglary and Theft 3 16910 Workmens Collective 4355680 total 4 Investigation and adjustment of claims Accident 3 77450 Liability 16134787 Burglary and Theft 1 02177 Workmens Collective 270657 total 5 Total Accident 1950960 Liability 47499475 Burg lary and Theft 419087 Workmens Collective 46 26337 total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and Health 1467742 Liability 21426024 Burglary and Theft 321490 Workmens Collective 1793830 total 18 Policy fees retained by agents 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 23 Inspections other than medical 24 Bents 27 All other taxes licenses and Insurance Department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage telegraph telephone and express 32 Furniture and fixtures 33 Gross loss on sale or maturity of ledger assets viz Bonds 34 Gross decrease in book value of ledger assets viz Bonds 35 All other disbursements Miscellaneous 1090325 re mittance to home office 4365605 total 41 Total disbursements 376440 74 332 86 376107 88 168850 71 544958 59 250090 86 10567 60 40548 03 19570 39 11217 23 7118 22 19856 34 1299 58 3738 05 14606 48 4432 67 866 07 135 84 3407 69 54559 30 986972 94612 COMPTEOLLEK GENERAL s EePORT IVLedger Assets 4 Book value of bonds excluding interest 5 Cash in companys office 6 Deposited in trust companies and banks on interest 10 Cash in hands of trustees 1274780 59 650 00 40658 80 20717 74 13 Ledger assets lj336807 13 NonLedger Assets 15 Interest accrued on bonds 17 Interest accrued on other assets 21 Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 1907 Acci dent 527904 Liability 16571357 Burglary and Theft 506968 Workmens Collective 2142720 total 22 Gross premiums in course of collection viz On policies or renewals issued prior to October 1 1907 Accident 18996 Liability 658502 Burglary and Theft 3100 Workmens Collective 21159 total 39 Gross assets Deduct Assets Not Admitted 45 Gross premiums in course of collection written prior to October 1 1907 7 017 57 46 Book value of ledger assets over market value excluding interest 86 570 59 53 Admitted assets VLiabilities 1 Losses and claims in process of adjustment Accident 634450 Burglary and Theft 10000 Workmens Col lective 4404513 total 2 Losses and claims reported proofs not received Marine 3 Losses and claims resisted Accident 4 Total Accident 1254468 Burglary and Theft 10000 Marine 500000 Workmens Collective 4404513 total 16 Special reserve for unpaid liability losses 16a Further reserve for unpaid liability losses 11956 68 119 95 197489 49 7017 57 1553390 82 93588 16 1459802 66 50489 63 5000 00 6200 18 61689 81 473256 91 114964 87 18 19 Total unpaid claims and expenses of settlement Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 61775837 un earned premiums 50 per cent 308 879 19 649911 59CompteolleeGenebals Repoet 613 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 30951 38 unearned premiums pro rata 16392 72 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Accident and Health 153975 Liability 4110112 Burglary and Theft 154162 Workmens Collective 258087 total 33 Advance premiums 100 per cent 34 Other liabilities 325271 91 46763 36 376 90 12500 00 43 Total amount of all liabilities except capital 1034823 76 44 Capital actually paid up in cash 250000 00 45 Surplus over all liabilities 174978 90 46 Surplus as regards policyholders 424978 90 47 Total liabilities 1459802 66 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Accident and Health 128520 Liability 486014 total 6145 34 Gross losses paid Accident and Health 32312 Liability 231120 total 2634 32 GENERAL ACCIDENT ASSURANCE CORPORATION LTD OF GREAT BRITAIN Franklin J Moore United States Manager Principal Office in United States 400 Walnut Street Philadelphia Pa Wm A Wright Insurance Commissioner Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash deposit New York Insurance Department 250000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 919674 05 919674 05614 ComptrollerGenerals Report IIIncome 1 Gross premiums unpaid December 31 last year Accident and Health 3609778 Liability 4693609 Burglary and Theft 1878777 total 101821 64 2 Gross premiums written and renewed during the year Accident and Health 91208242 Liability 56212689 Burglary and Theft 14704658 total 1621255 89 3 Total Accident and Health 94818020 Liability 60906298 Burglary and Theft 16583435 total 1723077 53 4 Deduct gross premiums now in course of collection Acci dent and Health 4009813 Liability 9142946 Burg lary and Theft 3395064 total 165478 23 5 Entire premiums collected during the year Accident and Health 90808207 Liability 51763352 Burglary and Theft 13188371 total 1557599 30 6 Deduct reinsurance return premiums and cancellations Accident and Health 11743934 Liability 12163925 Burglary and Theft 3129468 total 270373 27 7 Net cash actually received for premiums Accident and Health 79064273 Liability 39599427 Burglary and Theft 10058903 total 1287226 03 19 Policy fees required or represented by applications 57615 Oft 22 Interest on bonds and dividends on stock 23 Interest on deposit 25 Gross rents from companys property in cluding 533328 for companys occu pancy of its own buildings 25839 80 1232 08 5333 28 26 Total interest and rents 27 Profit on sale of ledger assets Two thousand Penna Co Loan 1901 4000 fifty thousand Penna Co 4y2 Notes 34375 total 32 From all other sources Adjusting book value of securi ties 738 received from home office 13118276 salvage on returned premiums 29472 received for contingent liability 1906 from General Accident Insur ance Co 1875000 seventeen thousand C B Q 4 bonds purchased December 27 1907 paid for January 4 1908 1580247 total 32405 lo 383 75 166037 33 38 Total income 1543667 27ComptrollerGenerals Report 615 IIIDisbursements 1 Gross amount paid for losses Accident and Health 34454872 Liability 14372482 Burglary and Theft 4189902 totals 53017256 2 Deduct salvage and reinusrance Accident and Health 1058543 Burglary and Theft 124472 total 11830 15 3 Net amount paid polieyholders for losses Accident and Health 33396329 Liability 14372482 Burglary and Theft 4065430 total 518342 41 4 Investigation and adjustment of claims Accident and Health 438184 Liability 2132283 Burglary and Theft 92818 total 26632 85 5 Total Accident and Health 33834513 Liability 165 04765 Burglary and Theft 4158248 total 544975 26 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and Health 22156385 Liability 11736249 Burglary and Theft 3639439 total 375320 73 18 Policy fees retained by agents 57615 00 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 74670 14 22 Medical examiners fees and salaries 15984 37 23 Inspections other than medical 7681 74 24 Bents including 533328 for companys occupancy of its own buildings 6843 97 25 Repairs and expenses other than taxes on real estate 2254 11 26 Taxes on real estate 1262 25 27 All other taxes licenses and Insurance Department fees 23156 97 28 Legal expenses 1178 11 29 Advertising 617 50 30 Printing and stationery 21417 75 31 Postage and express 10201 89 32 Furniture and fixtures 6181 99 37 All other disbursements Traveling expenses 1072706 miscellaneous 1859067 amount remitted home office 7774800 adjusting book value of securities 310534 total 11017107 46 Total disbursements 1259532 65 IVLedger Assets 1 Book value of real estate unencumbered 212084 14 4 Book value of bonds excluding interest 73980519 and book value of stocks 16830236 total 908107 55 5 Cash in companys office 27850 deposited in banks 5743348 total 57711 98616 ComptbolleeGeneeals Eepoet 6 Bills receivable 7 Other ledger assets viz Deposited in banks noton in terest 2500000 certified check Baltimore fire depart ment guaranteed bid 500 total 405 00 25500 00 11 Ledger assets 1203808 67 NonLedger Assets 13 Interest accrued on bonds 15 Interest accrued on other assets 7790 34 237 98 19 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 Accident and Health 3048252 Liability 8621577 Burglary and Theft 3082722 total 20 Gross premiums in course of collection on policies or Ve newals issued prior to October 1 1907 Accident and Health 961561 Liability 521369 Burglary and Theft 312342 total 8028 32 147525 51 17952 72 37 Gross assets 1377315 22 Deduct Assets Not Admitted 405 00 39 Bills receivable 43 Gross premiums in course of collection written prior to October 1 1907 17 952 72 44 Book value of ledger assets over market value viz bonds and stocks 119502 18 real estate 1208414 total 131 586 32 51 Admitted assets 149944 04 1227371 18 VLiabilities 1 Losses and claims in process of adjustment Accident and Health 2283218 Burglary and Theft 4535 00 Automobile 601850 total 2 Reported proofs not received Accident and Health 2092147 Burglary and Theft 481500 total 3 Losses and claims resisted Accident and Healthj 19 071488 Burglary and Theft 2500 total 4 Total Accident and Health 6282513 Burglary and Theft 937500 Automobile 601850 g 16 Special reserve for unpaid liability losses 33385 68 25736 47 19096 48 78218 63 231700 79 18 Total unpaid claims and expenses of settlement 309919 42 CompteollebGenehals Repokt 617 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 79038785 un earned premiums 50 per cent 395193 92 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 9396661 unearned premiums pro rata 39919 23 21 Total unearned premiums 435113 15 22 Commissions brokerage and other charges due or to be come due to agents or brokers on poli cies issued subsequent to October 1 1907 viz Accident and Health 1005923 Liability 28 45120 Burglary and Theft 1004667 total 48557 10 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 36602 47 33 Other liabilities State county and municipal taxes 27017 65 42 Total amount of all liabilities except capital 857209 79 43 Capital actually paid up in cash Deposit New York Insurance Department 250000 00 44 Surplus over all liabilities 120161 39 45 Surplus as regards policyholders 370161 39 46 Total liabilities 1227371 18 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Accident and Health 36898 10 Gross losses paid Accident and Health 15307 83 GREAT EASTERN CASUALTY AND INDEMNITY CO OF NEW YORK Louis H Fibel President Thomas H Darling Secretary Principal Office 290 Broadway New York City 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 December 31 of previous year 402689 87 Extended at 402689 87618 ComptbollebGenebals Eepoet 4 5 IIIncome Gross premiums unpaid December 31 last year Accident 1569297 Health 262800 total Gross premiums written and renewed during the year Accident 32530443 Health 11728316 total 5 Total Accident 34099782 Health 11991116 total 7 Deduct gross premiums now in course of collection Ac cident 1773082 Health 513526 total 8 Entire premiums collected during the year Accident 323266 58 Health 11477590 total 9 Deduct reinsurance return premiums and cancellations Accident 4287592 Health 1082113 total 10 Net cash actually received for premiums 28039066 Health 10395477 total 18 Total net cash actually received for premiums 19 Policy fees required or represented by applications 21 Interest on collateral loans 22 Interest on bonds and dividends on stock 23 Interest on deposit Accident 2282 21 13125 00 659 70 26 Total interest 38 Total income III 1 Gross amount paid for losses Health 4118507 total 2 Deduct salvage and reinsurance Disbursements Accident 115569 15 Accident 3 Net amount paid policyholders for looses Accident 11462677 Health 4118507 total 4 Investigation and adjustment of claims Accident 5 Totals 11794314 Health 4118507 total 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Accident 7784992 Health 4108672 total 18 Policy fees retained by agents 19 Stockholders for interest or dividendsamountdeclared during the year 1000000 20 Salaries fees and all other compensation of offleers directors trustees and home office employees 21 Salaries traveling and all other expenses of agentsnot paid by commissions 22 Medical examiners fees and salaries 18320 97 442587 59 460908 56 22866 08 438042 48 53697 05 384345 43 384345 43 40358 62 16066 91 440770 96 156754 22 942 38 155811 84 3316 37 159128 21 118936 64 40358 62 10000 00 44289 44 812 36 1500 00ComptrollerGtenekals Report 619 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 viz 38 Journal subscriptions 39 Traveling expense 40 Interest 41 General expense 42 Profit and loss 243 50 4553 60 426 01 8379 22 734 04 Total 46 Total disbursements IVLedger Assets 4 Book value of bonds excluding interest 31209732 and book value of stocks 8341875 total 5 Cash in companys office 6 Bills receivable NonLedger Assets 13 Interest on bonds 15 Stocks dividend declared 2300 00 187 50 Total 20 On policies or renewals issued subsequent to October 1 Accident 1757582 Health 510026 total 21 On policies or renewals issued prior to October 1 Acci dent 155 Health 35 total Total 37 Gross assets Deduct Assets Not Admitted 43 Gross premiums in course of collection prior to October 1 190 00 44 Book value of ledger assets over market value viz 45 Bonds 23762 94 46 Stocks 8793 75 Total 32556 69 31200 00 8289 31 1509 58 939 27 8889 35 4443 23 190 62 14336 37 416743 50 395516 07 10083 65 21118 11 11 Ledger assets 426717 83 2487 50 22676 08 190 00 22866 08 452071 41 32746 69 51 Admitted assets 419324 7620 CoMPTBOLLEBGrENEEAls EePOKT VLiabilities 1 Losses and claims reported proofs not received Acci dent 853640 Health 337342 total 2 Resisted Accident 3 Total Accident 11536 40 Health 337342 total jj 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 19474863 unearned premiums 50 per cent 97374 21 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 viz 23 Accident 550126 Health 154672 total 31 Eeinsurance 32 Advance premiums 100 per cent 42 Total amount of all liabilities 43 Capital actually paid up in cash 44 Surplus over all liabilities 200000 00 95317 91 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 149892 Health 55987 total Gross losses paid Accident 21298 Health 21755 total 11909 82 3000 00 14909 82 97374 21 7047 98 651 95 4022 85 124006 81 295317 91 419324 72 2058 79 430 53 THE GUARANTEE COMPANY OF NORTH AMERICA MONTREAL CANADA Edward Rawlings President Biehard B Home Office 57 Beaver Hall Hill Montreal Canada William V Custer Atlanta Attorney for Service in Georgia LCapital Stock 1 Amount of capital paid up in cash 304600 00 2 Amount of ledger assets December 31 of previous year Extended at 1341324 57 ComptrollerGenerals Eepoet 621 IIIncome 7 Gross premiums unpaid December 31 last year Fidelity 8 Gross premiums written and renewed during the rear Fidelity J 9 Total Fidelity 10 Deduct gross premiums collected during the year Fi delity 11 Entire premiums collected during the year Fidelity 12 Deduct reinsurance return premiums and cancellations Fidelity 13 Net cash actually received for premiums Fidelity 18 Total net cash actually received for premiums 21 Interest on collateral loans 22 Interest on bonds and dividends on stock 23 Interest on deposit 25 Gross rents from companys property in cluding 2250 for companys occupancy of its own buildings 54180 78 4308 15 156 55 2453 43 26 Total interest and rents 38 Total income IIIDisbursements 1 Gross amount paid for losses Fidelity 2 Deduct salvage and reinsurance Fidelity 3 Net amount paid policyholders for losses Fidelity 4 Investigation and adjustment of claims Fidelity 5 Totals Fidelity 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Fidelity 19 Stockholders for interest or dividends amount declared during the year 24368 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 23 Inspections other than medical 24 Rents 25 Repairs and expenses other than taxes on real estate 26 Taxes on real estate 27 All other taxes licenses and insurance department fees 12971 08 257983 35 270954 43 13011 22 257943 21 50444 80 207498 41 207495 41 61098 91 268597 32 68263 09 41072 74 27190 35 13851 43 41041 78 5899 11 24368 00 49393 49 23071 94 13584 20 8574 84 747 98 658 02 5935 71 622 CompteollebGeneeals Eepoet 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express and sundry office expenses 33 Loss on sale or maturity of ledger assets 1263 75 1223 33 4315 85 9765 39 330 00 46 Total disbursements IVLedger Assets Book value of real estate Book value of bonds excluding interest 41607875 and book value of stocks 77155957 total Cash in companys office 297502 deposited in banks 17649376 total Other ledger assets viz Furniture and safes 190173 39 48400 00 1187635 32 179468 78 4241 40 11 Ledger assets ij419748 50 NonLedger Assets 13 15 19 23 Interest accrued on bonds Interest accrued on other assets 5528 76 3693 68 Total j Gross premiums in course of collection viz On policies or renewals issued subsequent to October 1 Fidelity 9222 44 13011 22 37 Gross assets 1441982 16 Deduct Assets Not Admitted 4241 40 83019 65 40 Furniture and fixtures 44 Book value of ledger assets over market value 51 Total Admitted assets 87261 05 1354721 11 VLiabilities 1 Losses and claims in process of adjustment Fidelity 4 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or or less from date of policy 20174734 unearned premiums 50 per cent 100 873 67 37882 00 37882 00CompteolleeGenebals Eepoet 623 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 75200 unearned premiums pro rata 752 00 21 Total unearned premiums 101625 67 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 viz 23 Fidelity 351 42 26 Salaries rents expenses taxes bills accounts fees due or accrued 6920 00 33 Other liabilities viz 34 Contingencies 2500 00 42 Total amount of all liabilities except capital 149279 09 43 Capital actually paid up in cash 304600 00 44 Surplus over all liabilities 900842 00 45 Surplus as regards policyholders 1 205 442 02 46 Total liabilities 1354721 11 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Fidelity l674 10 Gross losses paid Fidelity 2 444 78 HAETFOED STEAM BOILEE INSPECTION AND INSUEANCE CO HAETFOED CONN L B Brainerd President C S Blake Secretary Home Office 56 Prospect Street Hartford Conn William A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets December 31 of previous year 3634224 76 3 Increase of paidup capital during the year 500000 00 Extended at 4134224 76624 Comptroller General s Eeport IIIncome 1 Gross premiums unpaid December 31 last year Steam Boiler 2 Gross premiums written and renewed during the year Steam Boiler 3 Total Steam Boiler 4 Deduct gross premiums now in course of collection Steam Boiler 5 Entire premiums collected during the year Steam Boiler 6 Deduct reinsurance return premiums and cancellations Steam Boiler 294950 40 1446688 79 1741639 19 336069 01 1405570 18 179189 44 7 Net cash actually received for premiums Steam Boiler 18 Total net cash actually received for premiums 20 Gross interest on mortgage loans 53 476 93 22 Gross interest on bonds and dividends on stocks H9260 5 w Gross interest on deposits 1 835 22 24 Gross interest from all other sources 971 53 25 Gross rents from companys property 63 00 1226380 74 1226380 74 26 Total gross interest and rents 27 Inspections 28 Gross profit on sale or maturity of ledger assets viz Real estate 252g 0Q Bonds 60 98 Other assets 175607 18 21440 38 2230 00 Total 29 Gross increase in book value of ledger assets Real estate 4815 98 13350 00 36 Total income 1441594 28 IIIDisbursements 1 Gross amount paid for losses Steam Boiler 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 16 Steam Boiler 19 Stockholders for interest or dividends amount declared during the year 56000000 stock 50000000 cash 6000000 total 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 66936 19 283927 16 560000 00 55771 71ComptbollebGeneeals Repoet 625 21 Salaries traveling and all other expenses of agentf not paid by commissions 127868 86 23 Inspections other than medical 470007 86 24 Bents 5375 00 25 Eepairs and expenses other than taxes on real estate 7983 80 26 Taxes on real estate 24 80 27 All other taxes licenses and insurance department fees 46469 94 28 Legal expenses 2733 00 29 Advertising 3108 14 30 Printing and stationery 16 428 03 31 Postage telegraph telephone and express 10874 41 32 Furniture and fixtures 2 666 25 33 Gross loss on sale or maturity of ledger assets viz Bonds 1593 13 41 Total disbursements 1661768 28 IVLedger Assets 1 Book value of real estate unincumbered 97000 00 2 Mortgage loans on real estate first liens 1041950 00 4 Book value of bonds excluding interest 224402331 and book value of stocks 40539997 total 2649423 28 5 Cash in companys office 2 706 72 6 Deposited in trust companies and banks on interest 113124 62 10 Cash in hands of agents 9 846 14 13 Ledger assets NonLedger Assets 14 Interest accrued on mortgages 1 On policies or renewals issued subsequent to October 1 1907 Steam Boiler 2 On policies or renewals issued prior to October 1 1907 Steam Boiler 3914050 76 26224 54 203819 78 132249 23 Total 336069 01 39 Gross assets 4276344 31 Deduct Assets Not Admitted 45 Gross premiums in course of collection written prior to October 1 1907 132249 23 46 Book value of ledger assets over market value viz 47 Bonds 71058 31 48 Stocks 12841 97 Total Total 83900 28 53 Admitted assets 40cg 216149 51 4060194 80626 COMPTEOLLEE GrENEBAL s RePOBT VLiabilities 1 Losses and claims in process of adjustment Boiler Steam 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 6464911 un earned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 3652 19073 unearned premiums pro rata 32324 55 1896246 64 70923 05 70923 05 21 Total unearned premiums l 928 571 19 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 24 Steam Boiler 40763 95 27 State county and municipal taxes due or accrued 8500 00 34 Other liabilities 4 553 55 43 Total amount of all liabilities except capital 2 053 326 74 44 Capital actually paid up in cash 1000000 00 45 Surplus over all liabilities 1006868 06 46 Surplus as regards policyholders 2 006 868 06 47 Total liabilities 4060194 80 Business in State of Georgia During 1907 Steam Boiler Losses paid 14803 54 864 08ComptbollebGenehal s Report 627 lloyds plate glass insurance company new york William T Woods President Charles E W Chambers Secretary Home Office 65 William Street New York New York A L Waldo Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets December 31 of previous year 778284 53 Extended at IIIncome 9 Gross premiums unpaid December 31 last year Plate Glass 10 Gross premiums written and renewed during the year Plate Glass 778284 53 89058 27 515530 90 11 Total Plate Glass 604589 17 12 Deduct gross premiums now in course of collection Plate Glass 97074 07 13 Entire premiums collected during the year Plate Glass 507515 10 14 Deduct reinsurance return premiums and cancellations Plate Glass 28665 70 15 Net cash actually received for premiums Plate Glass 478849 40 18 Total net cash actually received for premiums 478849 40 22 Interest on bonds and dividends on stock 20383 45 25 Gross rents from companys property 14397 19 26 Total interest and rents 32 From all other sources viz 33 Profit and loss 34780 64 17 25 38 Total income 513647 29 IIIDisbursements 1 Gross amount paid for losses Plate Glass 194513 88 2 Deduct salvage and reinsurance Plate Glass 8248 95 3 Net amount paid policyholders for losses Plate Glass 186264 93 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 16 Plate Glass 164826 38628 ComptrollerGenerals Report 19 Stockholders for interest or dividends amount declared during the year 5000000 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 24 Rents 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 viz 38 Profit and loss 47 23 39 Sundries 5414 52 Total IVLedger Assets 1 Book value of real estate unincumbered 4 Book value of bonds excluding interest 23926487 and book value of stocks 27961279 total 5 Cash in companys office 958279 deposited in banks 1388869 total 11 Ledger assets NonLedger Assets 13 Interest accrued on bonds 17 Market value of real estate over book value 25 On policies or renewals issued subsequent to October 1 1907 Plate Glass 26 On policies or renewals issued prior to October 1 1907 Plate Glass Total 34 Other nonledger assets viz 38 Salvage glass on hand 3708 44 36 Sundry accounts 120 00 Total 50000 00 57038 61 392 28 1020 17 7360 90 5592 16 14602 29 120 50 2923 64 3175 17 4997 92 42 80 5461 75 46 Total disbursements 503819 50 245763 18 518877 66 23471 48 788112 32 1500 00 19236 82 90148 74 6925 33 97074 07 3828 44 37 Gross assets 909751 65 ComptrollerGeneral s Report Deduct Assets Not Admitted 39 Sundry accounts 120 00 41 Salvage glass on hand 3708 44 43 Gross premiums in course of collection written prior to October 1 1907 6925 33 44 Book value of ledger assets over market value viz 45 On bonds and stocks 83761 12 Total 51 Admitted assets VLiabilities 1 Losses and claims adjusted Plate Glass 2 In process of adjustment Plate Glass 3 Total Plate Glass 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 41960782 un earned premiums 50 per cent 209803 91 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 126 01156 unearned premiums pro rata 63408 91 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 24 Plate Glass 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 250000 00 44 Surplus over all liabilities 235846 25 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Plate Glass Gross losses paid Plate Glass 629 94514 89 815236 76 19777 39 6335 82 26113 21 26113 21 273212 82 30049 58 14 90 329390 51 485846 25 815236 76 1560 44 1196 92630 ComptrollerGenerals Report LONDON GUARANTEE AND ACCIDENT COMPANY LTD OF LONDON ENGLAND A W Masters General Manager for the United States Home Office for the United States 315 Deaborn Street Chicago Illinc J L Riley Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in eaSD 250000 00 2 Amount of ledger assets December 31 of previous year 1925852 12 Extended at 1925852 12 IIIncome 280637 23 1 Gross premiums unpaid December 31 last year Acci dent 2086640 Liability 25145833 Credit 8312 50 total 2 Gross premiums written and renewed during the year Accident 16265238 Health 160350 Liability 1 72116466 Credit 8761524 total 1973035 78 3 Total Accident 18351878 Health 160350 Liabil ity 197262299 Credit 9592774 total 2253673 01 4 Deduct gross premiums now in course of collection Ac cident 2361110 Health 26600 Liability 323993 13 Credit 212500 total 349995 23 5 Entire premiums collected during the year Accident 15990768 Health 133750 Liability 1648629 86 Credit 9380274 total xn 78 6 Deduct reinsurance return premiums and cancellations Accident 2397075 Health 40469 Liability 205 42747 Credit 422500 total 234 027 91 7 Net cash actually received for premiums Accident 13593693 Health 932 81 Liability 1443 202 39 Credit 8957774 total 1669649 87 18 Total net cash actually received for premiums 1669649 87 22 Gross interest on bonds and dividends on stocks 4 23 Gross interest from all other sources 64000 52 1100 17 26 Total gross interest and rents 36 Total income 65100 69 1734750 56ComptrollerGenerals Report 631 IIIDisbursements 1 Gross amount paid for losses Accident 6814138 Health 45 Liability 49863284 Credit 2356770 total 590386 92 2 Deduct salvage and reinsurance Credit 1799 34 3 Net amount paid policyholders for losses Accident 6814138 Health 45 Liability 49863284 Credit 2176836 total 588587 58 4 Investigation and adjustment of claims Accident 1 44949 Liability 18566730 Credit 107631 total 188193 10 5 Totals Accident 6959087 Health 45 Liability 68430014 Credit 2284467 total 776780 68 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Accident 3871095 Health 32176 Liability 384 58774 Credit 2870752 total 452327 97 19 Stockholders for interest or dividends 115090 15 20 Salaries fees and all other compensation of officers directors trustees and home office employees 81839 33 21 Salaries traveling and all other expenses of agents not paid by commissions 32243 17 23 Inspections other than medical 9975 85 24 Rents 8937 70 27 All other taxes licenses and insurance department fees 27364 64 28 Legal expenses 1250 00 29 Advertising 3256 46 30 Printing and stationery 13755 04 31 Postage telegraph telephone and express 4840 18 32 Furniture and fixtures 1623 48 35 All other disbursements viz 36 Traveling expenses 1443 04 37 Exchange 593 50 38 Sundry payments 9996 30 Total 12032 84 41 Total disbursements 1541317 49 IVLedger Assets 4 Book value of bonks excluding interest 1960381 89 5 Cash in companys office 2903 30 7 Deposited in trust companies and banks not on interest 156000 00 13 Ledger assets 2119285 19632 ComptbollebGenebals Repoet NonLedger Assets 15 Interest accrued on bonds 21 Gross premiums in course of collection viz 22 On policies or renewals issued subsequent to October 1 1907 Accident 2156783 Health 23100 Liability 30457060 Credit 212500 total 23 On policies or renewals issued prior to October 11907 Accident 204327 Health 35 Liability 19422 53 total Total 39 Gross assets 45 Gross Deduct Assets Not Admitted 26081 84 328494 43 21500 80 349995 23 2495362 26 premiums in course of collection written prior to October 1 1907 47 Bonds 21500 80 239879 15 Total 2233982 31 VLiabilities 1 Losses and claims reported proofs not received Acci dent 2 Resisted Accident 1700000 Credit 300000 totai 3 Total Accident 3238100 Credit 300000 total 4 14 Deduct reinsurance 15 Net unpaid claims except liability claims g 16 Special reserve for unpaid liability losses 17 Special reserve for credit losses on policies expiring in October November and December 1907 being 50 per cent of 2816250 gross premiums received on said policies less 168945 paid during said months on losses under said policies 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 110309793 unearned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 124123 60 unearned premiums pro rata 551548 96 70500 99 15381 00 20000 00 35381 00 5000 00 30381 00 785299 98 12391 80 828072 78 21 Total unearned premiums 622049 95ComptrollerGenerals Report 633 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 626125 Health 8085 Liability 8375691 Credit 637 50 total 26 Salaries rents expenses bills accounts fees etc due or accrued 27 State county and municipal taxes due or accrued 32 Reinsurance 35 Contingent reserve 43 Total amount of all liabilities except capital 44 Capital actually paid up in cash 250000 00 45 Surplus over all liabilities 318957 56 90736 51 3578 43 20000 00 587 08 100000 00 1650024 75 46 Surplus as regards policyholders 47 Total liabilities Business in State of Georgia During 1907 Gross premiums on risks written or renewed during the year Accident 55825 Health 70 Liability 1646766 total Gross losses paid Accident 57 Liability 666913 total 568957 56 2233982 31 17095 91 6726 13 MARYLAND CASUALTY COMPANY OF BALTIMORE MARYLAND John T Stone President James F Mitchell Secretary Home Office Baltimore Maryland Aaron Haas Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 750000 00 2 Amount of ledger assets December 31 of previous year 3382642 18 Extended at 3382642 18 IIIncome 4 Gross premiums unpaid december 31 last year Acci dent 9736554 Health 983543 Liability 27 25415 Plate Glass 3424186 Steam Boiler S8 87336 Burglary and Theft 4345282 Sprinkler 18 36987 total 520393 03634 ComptrollerGenerals Eeport Gross premiums written and renewed during the year Accident 59192734 Health 4329126 Liability 1 73742061 Plate Glass 19573890 Steam Boiler 196 25923 Burglary and Theft 27580798 Sprinkler 12908767 total 3169532 99 Total Accident 68929288 Health 5312669 Liabil ity 201567476 Plate Glass 22998076 Steam Boil er 23513259 Burglary and Theft 31926080 Sprinkler 14745754 total 3689926 Deduct gross premiums now in course of cancellation Accident 11304620 Health 839740 Liability 33692587 Plate Glass 37972 20 Steam Boiler 38 07641 Burglary and Theft 5348594 Sprinkler 25 04510 total 02 8 Entire premiums collected during the year Accident 57624668 Health 4472929 Liability 167874889 Plate Glass 19200856 Steam Boiler 19705618 Burglary and Theft 26577486 Sprinkler 12241244 total 9 Deduct reinsurance return premiums and cancellations Accident 2129644 Health 226 Liability 1453257 Plate Glass 23177 Steam Boiler 1125 Burglary and Theft 2465393 Sprinkler 225 total 612949 12 3076976 90 61176 96 10 Net cash actually received for premiums Accident 55495024 Health 4450329 Liability 166421632 Plate Glass 19177679 Steam Boiler 19704493 Burglary and Theft 24112093 Sprinkler 12218744 total 3015799 94 Total net cash actually received for premiums 3 015 799 94 Interest on bonds and dividends on stock 119470 70 25 Gross rents from companys property in cluding 1737764 for companys occu pancy of its own buildings 35 692 22 18 22 26 Total interest and rents 27 Profit on sale or maturity of ledger assets viz 28 Mexican Government Bond 5 per cent 29 Penna Co Gold Loan 30 Third National Bank 81 49 77 50 833 00 Total 32 From all other sources viz 33 Gross increase in book value of stocks and bonds 155162 92 991 99 18965 10 38 Total income 0 190919 95ComptrolleeGenebals Bepoet 635 IIIDisbursements 1 Gross amount paid for losses Accident 21530036 Health 2592719 Liability 67838135 Plate Glass 7432052 Steam Boiler 4003893 Burglary and Theft 7188614 Sprinkler 1947590 total 1125330 39 2 Deduct salvage and reinsurance Accident 787491 Health 26910 Plate Glass 144046 Burglary and Theft 717509 total 16759 56 3 Net amount paid policyholders for losses Accident 20742545 Health 2565809 Liability 67838135 Plate Glass 7288006 Steam Boiler 4003893 Burg lary and Theft 6471105 Sprinkler 1947590 total 1108570 83 4 Investigation and adjustment of claims Accident 5 82998 Health 26173 Liability 22486135 Plate Glass 31398 Steam Boiler 192293 Burglary and Theft 263160 Sprinkler 63113 total 236452 70 5 Totals Accident 21325543 Health 2591982 Liabil ity 90324270 Plate Glass 7319404 Steam Boiler 4196186 Burglary and Theft 6734265 Sprinkler 2010703 total 1345023 53 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Accident 19608288 Health 1362872 Liability 391 57178 Plate Glass 6554564 Steam Boiler 5530246 Burglary and Theft 6917161 Sprinkler 3044762 total 821750 71 19 Stockholders for interest or dividends amount declared during the year 105000 105000 00 20 Salaries fees and all other compensation of officers directors trustees and home office employees 136932 12 21 Salaries traveling and all other expenses of agents not paid by commissions 96075 04 22 Medical examiners fees and salaries 410 00 23 Inspections other than medical 78885 12 24 Bents including 1737764 for companys occupancy of its own buildings 17377 64 25 Repairs and expenses other than taxes on real estate 15676 11 26 Taxes on real estate 2967 74 27 All other taxes licenses and insurance department fees 4970353 28 Legal expenses 1250 00 29 Advertising 32619 73 30 Printing and stationery 22808 32 31 Postage and express 4974 63 32 Furniture and fixtures 7471 11 33 Loss on sale or maturity of ledger assets viz 34 Gross decrease in book value of stocks and bonds 306597 22636 ComptbollebGtenebals Eepoet 37 All other disbursements viz 38 General expense 6 717 01 39 Traveling 398 77 Total 9915 78 46 Total disbursements 3055438 33 IVLedger Assets 1 Book value of real estate 447732 01 4 Book value of bonds excluding interest 256035669 and book value of stocks 180900 total 2741 256 69 5 Cash in companys office 3161476 deposited in banks 17681829 total 208433 05 6 Bills receivable 11 219 59 7 Other ledger assets viz Ground rent 10000000 agents balances 948246 total 109482 46 11 Ledger assets 3518123 80 NonLedger Assets 13 Interest accrued on bonds 20 108 36 19 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 Accident 113046 20 Health 839740 Liability 33692587 Plate Glass 3797220 Steam Boiler 3807641 Burg lary and Theft 5348594 Sprinkler 2504510 total 612949 12 37 Gross assets 4151181 28 Deduct Assets Not Admitted 39 Bills receivable 11219 59 45 Agents balances 9482 46 20702 05 51 Admitted assets 4130479 23 VLiabilities 1 Losses and claims in process of adjustment Accident 4275375 Health 529750 Plate Glass 1134199 Steam Boiler 286000 Burglary and Theft 1549900 Sprinkler 173500 Physicians Defense 50000 total 79987 24 2 Losses and claims resisted for policyholders Physicians Defense 3850 00 3 Losses and claims resisted Accident 1305000 Health 25000 Steam Boiler 600000 Burglary and Theft 610000 Sprinkler 40000 total 25800 00 4 Total Accident 5580375 Health 554750 Plate Glass 1134199 Steam Boiler 886000 Burglary and Theft 2159900 Sprinkler 213500 Physicians De fense 435000 total 109637 24ComptbollebGenebals Eepoet 637 16 Special reserve for unpaid liability losses 17 Contingencies 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 233835817 unearned premiums 50 per cent 1169179 09 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 506 10267 unearned premiums pro rata 283557 94 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Accident 3768206 Health 251922 Liability 8124620 Plate Glass 1265740 Steam Boiler 951910 Burglary and Theft 1407863 Sprinkler 626128 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 31 Reinsurance 620950 60 75000 00 805587 84 1452737 03 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 750000 00 44 Surplus over all liabilities 913226 15 163963 89 42147 06 2817 26 2467253 08 45 Surplus as regards policyholders 1663226 15 46 Total liabilities 4130479 23 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Accident 5100047 Health 142931 Lia bility 2858868 Plate Glass 368329 Steam Boiler 388047 Burglary and Theft 501799 Sprinkler 218490 total 95785 11 Gross losses paid Accident 2049667 Health 102704 Liability 940540 Plate Glass 137295 Burglary and Theft 53463 Sprinkler 8264 total 32919 33638 ComptrollerGeneral a Eeport MASSACHUSETTS BONDING AND INSURANCE COMPANY OF BOSTON MASS T J Falvey President John T Burnett Secretary Home Office 77 State Street Boston Mass Shepard Bryan Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500 000 00 Extended at 500000 00 IIIncome 1 Gross premiums written and renewed during the year Fidelity 261035 Surety 270746 Burglary and Theft 138739 total 6705 2Q 2 Deduct gross premiums now in course of collection Fi delity 185492 Surety 195915 Burglary and Theft 113239 total 4946 46 3 Entire premiums collected during the year Fidelity 75543 Surety 474831 Burglary and Theft 25500 total A 1758 74 4 Deduct reinsurance return premiums and cancellations Sur6ty 4500 5 Net cash actually received for premiums Fidelity 75543 Surety 70331 Burglary and Theft 255 00 total 9 T 1713 74 23 Interest on deposit 2 g24 g 32 From all other sources Surplus paid in cash 250oOO 00 38 Total income 254338 71 IIIDisbursements 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity 300 Surety 250 total g 50 20 Salaries fees and all other compensation of officers direc tors trustees and home office employees 3 833 45 21 Salaries traveling and all other expenses of agents not paid by commissions 24 Rents 27 All other taxes licenses and Insurance Department fees 226 93 28 Legal expenses 29 Advertising 1531 5U 503 7Q 30 Printing and stationery 2 998 20 31 Postage and express al 32 Furniture and fixtures 54J8 88ComptrollerGeneral s Report 639 37 All other disbursements viz 38 Decrease in book value bond 921 25 39 Eepairs and expenses on building 5235 85 40 Rent safe deposit and box 50 00 41 Accrued interest on bonds at time of pur chase 2498 25 Total 46 Total disbursements IVLedger Assets 4 Book value of bonds and stocks excluding interest 5 Cash in companys office 8152 deposited in banks 53265326 total 11 Ledger assets NonLedger Assets 13 Interest accrued on bonds 23 On policies or renewals issued subsequent to October 1 1907 Fidelity 185492 Surety 195919 Burglary and Theft 113239 total 37 Gross assets 51 Admitted assets VLiabilities 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 602957 un earned premiums 50 per cent 3014 78 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 63063 unearned premiums pro rata 420 42 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 viz 23 Fidelity 11119 Surety 17702 Burglary and Theft 10643 total 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 44 Surplus over all liabilities 500000 00 236562 74 8705 35 2158143 200022 50 532734 78 732757 28 2688 84 4946 46 740392 58 740392 58 3435 20 394 64 45 Surplus as regards policyholders 3829 84 736562 74 46 Total liabilities 740392 58640 COMPTEOLLER GENERAL s EePOET THE METROPOLITAN CASUALTY INSURANCE COMPANY OF NEW YORK N Y Eugene H Winslow President S Wm Burton Secretary Home Office 45 Cedar St New York J L Riley Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets December 31 of previous year 573005 Extended at 573005 47 IIIncome 4 Gross premiums unpaid December 31 last year Acci dent 1333397 Health 307101 Plate Glass 70 39392 total 5 Gross premiums written and renewed during the year Accident 11291660 Health 1994094 Plate Glass 53463616 total 6 Total Accident 12624657 Health 2301195 Plate Glass 60503008 total 7 Deduct gross premiums now in course of collection Ac cident 1115165 Health 315268 Plate Glass 80 58801 total 86798 90 667489 70 754288 60 94892 34 8 Entire premiums collected during the year Accident 11509492 Health 1985927 Plate Glass 52444207 total 659396 26 v JJeduct reinsurance return premiums and cancellations Accident 2425556 Health 510974 Plate Glass 7538978 total 1M755 Q8 10 Net cash actually received for premiums Accident 90 83936 Health 1474953 Plate Glass 449052 29 total la 55464118 18 Total net cash actually received for premiums 554 641 18 22 Interest on bonds and dividends on OQ T SitCk 18537 50 23 Interest on deposit 1 154 07 24 Interest from all other sources 9 00 26 Total interest and rents 38 Total income 19700 57 574341 75ComptrollerGenerals Report 641 IIIDisbursements 1 Gross amount paid for losses Accident 2560938 Health 723998 Plate Glass 18813875 total 2 Deduct salvage and reinsurance Accident 53397 Plate Glass 144554 total 3 Net amount paid policyholders for losses Accident 25 07541 Health 723998 Plate Glass 18669321 total i 4 Investigation and adjustment of claims Accident Total 46 Total disbursements IVLedger Assets 4 Book value of bonds excluding interest 42230625 and book value of stocks 13443495 total 5 Cash in companys office 410440 deposited in banks 31673 95 total 11 Ledger assets t 41eg 220988 11 1979 51 219008 60 756 95 5 Totals Accident 2583236 Health 723998 Plate Glass 18669321 total 219765 55 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes 15 Accident 3179377 Health 589054 Plate Glass 158 10304 total 19 Stockholders for interest or dividends amount declared during the year 20000 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 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 33 Loss on sale or maturity of ledger assets viz 35 Orange Co Traction Co stock 37 All other disbursements viz 39 Profit and loss 546 81 40 Sundries 6212 35 195787 35 20000 00 67453 41 9126 28 1113 30 7475 04 14809 76 612 74 2102 50 6302 31 3130 97 139 30 250 00 6759 16 554827 67 556741 20 35778 35 592519 55642 ComptrollerGenerals Report NonLedger Assets 13 Interest due 80 and accrued 442373 on bonds 20 On policies or renewals issued subsequent to October 1 Accident 1107665 Health 306268 Plate Glass 7967856 total g 21 On policies or renewals issued prior to October 1 Ac cident 75 Health 90 Plate Glass 90945 total Total Deduct Assets Not Admitted 43 Gross premiums in course of collection written prior to October 1 1907 44 Book value of ledger assets over market value Total 51 Admitted assets 1074 45 61073 70 VLiabilities 1 Losses and claims in process of adjustment Accident 4953 Health 1038 Plate Glass 679073 totali 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 56363318 un earned premiums 50 per cent 281816 59 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 363843 Health 107203 Plate Glass 27 36247 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 31 Reinsurance 45 Surplus as regards policyholders 4503 73 93817 89 1074 45 94892 34 62148 15 629767 47 12781 73 12781 73 281816 59 32072 93 657 81 1173 71 42 Total amount of all liabilities except capital 328502 77 43 Capital actually paid up in cash 200000 00 44 Surplus over all liabilities 101264 70 301264 70 46 Total liabilities 629767 47ComptrollerGenerals Report 643 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 12288 51 Health 263309 Plate Glass 229072 total Gross losses paid Accident 323587 Health 146685 Plate Glass 78063 total 17212 32 5483 35 METROPOLITAN SURETY COMPANY OF NEW YORK NEW YORK M Joseph McClaskey President Walker C McClure Secretary Home Office 38 Park Row New York City New York Marion Smith Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets December 31 of previous year 3 Decrease of paidup capital during the year 758389 90 250000 00 93042 90 609923 82 Extended at 508389 90 IIIncome 7 Gross premiums unpaid December 31 last year Fidelity 936265 Surety 6299019 Burglary and Theft 20 69006 total 8 Gross premiums written and renewed during the year Fidelity 11753069 Surety 32607447 Burglary and Theft 16631866 total 9 Total Fidelity 12689334 Surety 38906466 Burg lary and Theft 18700872 total 702966 72 10 Deduct gross premiums now in course of collection Fi delity 1794336 Surety 11871914 Burglary and Theft 2328196 total 159944 46 11 Entire premiums collected during the year Fidelity 10894998 Surety 27034552 Burglary and Theft 16372676 total 543022 26 12 Deduct reinsurance return premiums and cancellations Fidelity 1706599 Surety 3666280 Burglary and Theft 5024936 total 103978 15 13 Net cash actually received for premiums Fidelity 91 88399 Surety 23368272 Burglary and Theft 113 477 40 total 439044 11 18 Total net cash actually received for premiums 439044 11644 Comptroller General s Eeport 20 Interest on mortgage loans 2002 50 22 Interest on bonds and dividends on stock 21075 00 23 Interest on deposit i 693 56 Deduct interest on special deposits in cluded by examiners in error in 1906 statement as Income should have been accrued 200 37 26 Total interest and rents 32 From all other sources viz 33 Miscellaneous accounts 34 Profit and loss account reduction of cap ital Total 36 Deduct miscellaneous accounts included by examiners in 1906 not taken into books 359 20 250000 00 250359 20 825 00 Total 38 Total income IIIDisbursements 1 Gross amount paid for losses Fidelity 522089 Surety 9378852 Burglary and Theft 6500830 totalj 2 Deduct salvage and reinsurance Fidelity 114443 Surety 905635 Burglary and Theft 16035 total 3 Net amount paid policyholders for losses Fidelity 4 07646 Surety 8473217 Burglary and Theft 64 84795 total 4 Investigation and adjustment of claims Fidelity 86971 Surety 140446 Burglary and Theft 7 51120 total 5 Totals Fidelity 494617 Surety 8613663 Burglary and Theft 7235915 total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Fidelity and Surety 7275863 Burglary and Theft 31 83951 total 19 Stockholders for interest or dividends amount declared during the year 20000 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 24570 69 249534 20 713149 00 164017 71 10361 13 153656 58 9785 37 163441 95 104598 14 20000 00 73584 67 37019 32CoMPTROLLERGrENERAL s BEPORT 645 23 Inspection expenses 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 33 Loss on sale or maturity of ledger assets viz 34 Bonds 162 50 Total 37 All other disbursements viz 39 Miscellaneous expenses 16309 22 40 Traveling expenses 11483 27 41 Profit and loss miscellaneous 6059 23 42 Exchange 75 00 43 Taxes on property 69 15 Total 46 Total disbursements IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 5 Cash in companys offices 1383613 deposited in banks 3289173 total 6 Bills receivable 7 Other ledger assets viz 8 Advanced on contracts 9 Accounts receivable special deposit 10 Salvage mortgage 11 Ledger assets NonLedger Assets 12 Interest accrued on mortgages 795 21 13 Interest accrued on bonds 5549 99 15 Interest accrued on other assets 664 60 Total 19 Gross premiums in course of collection viz 23 On policies or renewals issued subsequent to October 1 Fidelity and Surety 4660379 Burglary and Theft 1245895 total 835 00 17737 70 8786 21 12562 58 8026 86 13916 04 8636 41 1747 96 162 50 33995 87 505051 21 48850 00 546712 51 46727 86 4544 93 51479 16 16398 07 1775 16 716487 69 7009 80 59062 74646 ComptrollerGenerals Report 24 On policies or renewals issued prior to October 1 Fi delity and Surety 9005871 Burglary and Theft 1082301 total 100881 72 Total 34 Other nonledger assets viz 35 On deposit in Hamilton Bank N Y 597928 in West End Trust Co Phila 514203 total 159944 46 37 Gross assets 11121 31 894563 26 Deduct Assets Not Admitted 39 Bills receivable 43 Gross premiums in course of collection written prior to October 1 44 Book value of ledger assets over market value viz 45 Bonds 46 Cash in companys office 47 Advanced on contracts 48 Salvage mortgage 49 Accounts receivable spe cial deposit 4544 93 100881 72 45031 26 1586 32 16348 12 1775 16 422 65 Total Total 65163 51 51 Admitted assets VLiabilities 1 Losses and claims in process of adjustment Fidelity 1231006 Surety 6999467 Burglary and Theft 23 68462 total 2 Besisted Fidelity 33500 Surety 296250 Burglary and Theft 262182 total 3 Total Fidelity 4581006 Surety 7295717 Burglary and Theft 2630644 total 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 39712831 un earned premiums 50 per cent 198564 17 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 5045283 unearned premiums pro rata 26 452 55 170590 16 723973 10 105989 35 39084 32 145073 67 145073 67 21 Total unearned premiums 225016 72CoMPTROLLERGrENERALis REPORT 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 viz 23 Fidelity and Surety 893908 Burglary and Theft 2 40936 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 31 Reinsurance and Co Surety less commissions 32 Advance premiums 100 per cent 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 250000 00 44 Surplus over all liabilities 72815 22 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Surety 92623 Burglary and Theft 30630 total I 647 11348 44 10546 77 4355 93 4816 35 401157 322815 22 723973 10 1232 53 NATIONAL SURETY COMPANY NEW YORK CITY NEW YORK Wm B Joyce President Samuel H Shriver Secretary Home Office 115 Broadway New York City New York Cliff C Hatcher Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets December 31 of previous year 1922445 28 Extended at 1922445 28 IIIncome 7 Gross premiums unpaid December 31 last year Fidelity 11448473 Surety 8636568 Burglary and Theft 4277206 total 243622 47 8 Gross premiums written and renewed during the year Fidelity 86340636 Surety 75424497 Burglary and Theft 29390393 total 1911555 26 9 Total Fidelity 97789109 Surety 84061065 Burg lary and Theft 33667599 total 2155177 73648 ComptkolleeGenekals Repobt 10 Deduct gross premiums now in course of collection Fi delity 12128913 Surety 10584407 Burglary and Theft 5265927 total 279 79247 11 Entire premiums collected during the year Fidelity 85660196 Surety 73476658 Burglary and Theft 28401672 total 26 12 Deduct reinsurance return premiums and cancellations Fidelity 15284449 Surety 8303168 Burglary and Theft 5385252 total 289 728 69 13 Net cash actually received for premiums Fidelity 703 75747 Surety 65173490 Burglary and Theft 23o 1642 total 1585656 57 18 Total net cash actually received for premiums 1585656 57 22 Interest on bonds and dividends on stock 62898 72 25 Gross rents from companys property 4 542 02 26 Total interest and rents 67 440 74 27 Profit on sale or maturity of ledges assets viz 28 Increase of book value real estate 10 000 00 32 From all other sources viz 33 Miscellaneous income qjq qa 35 Suspense items 1906 2900117 1907 25067 12249 50 Total 12919 50 38 Total income 1676016 81 IIIDisbursements 1 Gross amount paid for losses Fidelity 205909 13 Surety 59899566 Burglary and Theft 7576577 total 880670 56 2 Deduct salvage and reinsurance Fidelity 74 865 92 Surety 34375287 Burglary and Theft 976486 total 428383 65 3 Net amount paid policyholders for losses Fidelity 131 04321 Surety 25524279 Burglary and Theft 66 00091 total T 452286 91 4 Investigation and adjustment claims Fidelity 22 08582 Surety 2455988 Burglary and Theft 2 86602 total 49511 72 5 Totals Fidelity 15312903 Surety 27980267 Burg lary and Theft 6886693 total 501 63ComptrollerGenerals Report 649 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Fidelity 13136209 Surety 12868387 Burglary and Theft 6836450 total 19 Stockholders for interest or dividends amount declared during the year 4000000 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 23 Inspections other than medical 24 Rents 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 viz 34 Bonds U S Govt coupons matured 712 50 328410 46 40000 00 184707 15 102581 52 18079 12 22408 53 1485 93 1298 64 34181 35 10106 35 5877 02 14398 01 20928 32 5470 10 Total 712 50 37 All other disbursements viz 38 Home Office expense 16127 57 39 Loss through agents et al 4582 91 40 Home office traveling expense 2193 46 41 Mileage account inspectors 594 70 42 Advanced to inspectors 990 16 Total 24488 80 46 Total disbursements 1316932 43 IVLedger Assets 1 Book value of real estate unincumbered 119654 15 2 Mortgage loans on real estate first liens 13834 82 4 Book value of bonds excluding interest 123424563 and book value of stocks 313875 total 1548120 63 5 Cash in companys office 3788895 branch offices 3 43514 deposited in banks and trust companies 417 04198 total 458366 07 6 Accounts receivable due from miscellaneous sources de ducted in assets not admitted 2338 12650 CompteollebGenebals Eepobt 7 Other ledger assets viz 8 Cash in suspended banks carried at 90 per cent 9 Advanced on contracts 10 Due from railroads for inspection ontheir lines 11 Munich Beinsurance Company 95800 73 29237 44 10351 76 3825 94 Total Ledger assets 139215 87 2281529 66 NonLedger Assets 13 Interest accrued on bonds 23 On policies or renewals issued subsequent to October 1 Fidelity 10769464 Surety 6783688 Burglary and Theft 5142617 total 24 On policies or renewals issued prior to October 1 Fi delity 1359449 Surety 3800719 Burglary and Theft 123310 total 7022 47 226957 69 52834 78 Total 37 Gross Assets 279792 47 2568344 60 Deduct Assets Not Admitted 2338 12 52834 78 39 Accounts receivable 43 Gross premiums in course of collection written prior to October 1 1907 44 Book value of ledger assets over market value viz 45 New York City bondsi 46 U S Government bonds 47 Penna Company bonds 48 Cincinnati Ohio Branch Hospital bonds 49 Various railroad stock 86497 50 1560 63 1250 00 1950 00 44125 00 Total 135383 13 51 Admitted assets VLiabilities Total 2377788 57 1 Losses and claims in process of adjustment Fidelity 7514054 Surety 11631165 Burglary and Theft 1351585 total 190556 03 204968 04ComptrollerGenerals Report 651 2 Resisted Fidelity 2143876 Surety 8111303 Burg lary and Theft 376064 total 106312 43 3 Total Fidelity 96579 30 Surety 19742468 Burg lary and Theft 1727649 total 311280 47 14 Deduct reinsurance In process of adjustment 480686 Resisted 1444839 total 19256 25 15 Net unpaid claims except liability claims In process of adjustment 20016118 resisted 9186304 total 292024 22 18 Total unpaid claims and expenses of settlement 292024 22 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 143689289 unearned premiums 50 per cent 718446 44 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 232573 05 unearned premiums pro rata 117978 64 21 Total unearned premiums 836425 08 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Fidelity 2020160 Surety 1010080 Burglary and Theft 1285654 total 43158 94 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 13783 50 27 Dividends due stockholders 10000 00 31 Reinsurance 520718 company surety 809987 total 13307 05 32 Advance premiums 100 per cent 5345 79 33 Other liabilities viz Contingent reserve for unadmitted claims 8822379 reserve for tax on premiums pay able 1908 2500000 loss and salvage items unable to apply 664295 due for return premiums 67586 due for commissions 17876 total 120721 36 42 Total amount of all liabilities except capital 1334765 94 43 Capital actually paid up in cash 500000 00 44 Surplus over all liabilities 543022 63 46 Total liabilities 2377788 57 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Fidelity 755335 Surety 452272 Burglary and Theft 110477 total 13180 84 GroDs losses paid Fidelity 313426 Surety 114528 Burglary and Theft 14767 total 4427 21652 ComptrollekGenebais Eepoet national casualty company of detroit michigan David E Thomas President Franklin S Dewey Secretary Home Office 422 Majestic Building Detroit Michigan Wm A Wright Insurance Commissioner Attorney for Service in Georgai 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 157 601 76 Extended at 157601 76 IIIncome 1 Gross premiums unpaid December 31 of last year 800 00 2 Gross premiums written and renewed during the year 490 636 16 3 Total 4 Deduct gross premiums now in course of collection 5 Entire premiums collected during the year 6 Deduct reinsurance return premiums and cancellations 7 Net cash actually received for premiums 19 Policy fees required or represented by applications 20 Interest on mortgage loans 280 00 22 Interest on bonds and dividends on stock 5 231 05 491436 16 2900 00 488536 16 2776 85 26 Total interest and rents 32 From all other sources N Y Cas and Northern Ace notes paid 38 Total income IIIDisbursements 1 Gross amount paid for losses 2 Deduct salvage and reinsurance 3 Net amount paid policyholders for losses I Investigation and adjustment of claims 485759 31 52924 00 5511 05 207 04 544401 40 188224 74 495 88 187728 86 1603 10 189331 96 5 Total 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and Health 96624 59 18 Policy fees retained by agents 52j664 36 19 Stockholders for interest or dividends amount declared during the year 1600000 16000 0QComptrollerGenerals Report 653 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 41398 58 21 Salaries traveling and all other expenses of agents not paid by commissions 83183 21 24 Rents 12383 71 27 All other taxes licenses and Insurance Department fees 8292 01 28 Legal expenses 3000 67 29 Advertising printing and stationery 12320 68 31 Postage and express 10816 63 32 Furniture and fixtures 2395 56 37 All other disbursements General expense 300805 traveling expense 229359 total 5301 64 46 Total disbursements 533713 60 IVLedger Assets 2 Mortgage loans on real estate first liens 8100 00 3 Loans secured by pledge of bonds stocks and other col laterals 2650 00 4 Book value of bonds excluding interest 12400000 and book value of stocks 790000 total 131900 00 5 Cash in companys office 375578 deposited in banks 2107559 total 24831 37 6 Bills receivable 100 00 7 Other ledger assets viz Agents debit balances secured 708 19 11 Ledger assets 168289 56 NonLedger Assets 12 Interest accrued on mortgages 13 Interest accrued on bonds 28 10 1861 63 18 Market value of stocks and bonds over book value 19 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 1889 73 1373 00 2900 00 37 Gross assets 174452 29 VLiabilities 1 Losses and claims reported proofs not received 12500 00 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 4 15530 unearned premiums 50 per cent 2077 65 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Accident and Health 3500 00654 ComptrollerGenerals Report 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 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 45600 89 45 Surplus as regards polieyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Gross losses paid 6850 00 3923 75 28851 40 145600 89 174452 29 1364 65 566 06 NATIONAL LIFE AND ACCIDENT INSURANCE COMPANY OF NASHVILLE TENN C A Craig President a R clommta Secretary Principal Office Stahlman Building Nashville Tenn Wm A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 150000 00 2 Amount of net or ledger assets December 31 of previous year 195588 05 Increase of capital during 1907 5000000 converted from surplus Extended at IIIncome 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 2 Cash received for renewal premiums without deductions for commissions or other expenses 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 11 Cash received for interest on other debts due the 19 From all other sources viz Profit and loss company Total 195588 05 14218 80 834260 15 848478 95 8527 60 732 50 81 85 520 37 858341 27ComptrollerGeneral s Eeport 655 IIIDisbursements 1 Cash paid for death claims including revisionary addi tions 55712 06 3 Disability claims 224750 64 7 Total net amount actually paid for losses 280462 70 16 Cash paid stockholders for interest on dividends 22500 00 17 Cash paid for commissions and bonuses to agents 265760 70 18 Cash paid for salaries and allowances to managers and agents 126456 57 19 Cash paid for medical examiners fees 424 27 20 Cash paid for salaries and all other compensation of offi cers and other home office employees 30810 00 22 Cash paid for taxes on investments 2329 96 23 Cash paid for insurance department fees and agents licenses 493681 municipal licenses 133284 total 6269 65 24 Cash paid for rent 10696 90 26 Cash paid for furniture fixtures and safes for home and agency offices 3841 92 27 Cash paid for advertising 57363 printing 663545 total 7209 08 28 Cash paid for legal expenses 1132 35 29 Cash paid for the following items viz Agency super vision traveling and all other expenses 23837 68 30 Postage and express 215441 profit and loss traveling expenses and general expenses 911887 total 11273 28 31 Total disbursements 793005 06 IVAssets as Per Ledger Accounts 1 Cost value of real estate exclusive of all incumbrances 1368 93 2 Loans on mortgage first liens on real estate 180861 92 3 Loans secured by pledge of bonds stocks or other market able collaterals 12750 00 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 18825 27 7 Cash in companys office 7851 80 8 Cash deposited in banks 37839 71 9 Bills receivable 670 00 10 Agents ledger balances 1261 43 Stock and carriage 71700 accounts receivable 3 45561 total 4172 61 11 Total net or ledger assets as per balance above 265601 67 12 LiabilitiesAccounts 172924 deposits by agents in lieu of bond 294817 total 4677 41 13 Total net or ledger assets less liabilities 260924 26656 CompteollekGtenekals Repokt Other Assets 14 Interest due 52741 and accrued 2 57378 on mortgages 3101 19 15 Interest accrued on bonds and stocks 85 00 16 Interest due 36845 and accrued 199 23 on collateral loans 567 68 18 Interest due 2738 and accrued 380 on other assets 31 18 Total 27 Furniture fixtures and safes 28 Total assets as per the books of the company Items Not Admitted 2 Furniture fixtures and safes 10228 72 3 Stock and carriage 71700 accounts re ceivable 345561 total 4172 61 4 Cash advanced to or in the hands of offi cers or agents 83915 5 Agents balances 1261 43 7 Bills receivable 670 00 Total 9 Total assets less items not admitted VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of December 1907 computed according to combined experience with four per cent interest 2 Reserve disability business Net reinsurance reserve 5 Claims for death losses in process of ad justment or adjusted and not due 900 00 6 Claims for death losses and other policy claims resisted by the company 660 00 Total policy claims 16 Amount of any other liability of the company viz Con tingent reserve 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 3785 05 10228 72 274938 03 17171 91 257766 12 37118 98 11495 86 48614 84 1560 00 10000 00 60174 84 197591 28 257766 12ComptrollerGenerals Beport 657 Business in Georgia During 1907 Number and amount of policies on the lives of citizens of Georgia issued during the year 200 8000 00 Deduct number and amount which have ceased to be in force during the year 100 4000 00 Total number and amount of policies in force in Georgia December 31 1907 100 4000 00 Amount of losses and claims on policies in Georgia incurred and paid during the year 206 10 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 472 00 NEW YORK PLATE GLASS INSURANCE COMPANY OF NEW YORK Alfred G White President G Carroll French Secretary Home Office 42 Cedar Street New York City A D McGaughey Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 687775 49 687775 49 IIIncome 1 Gross premiums unpaid December 31 last year 2 Gross premiums written and renewed during the year 91748 53 659695 03 3 Total 751433 56 4 Deduct gross premiums now in course of collection 114947 72 5 Entire premiums collected during the year 636495 84 6 Deduct reinsurance return premiums and cancellations 121341 87 7 Net cash actually received for premiums 20 Interest on mortgage loans 22 Interest on bonds and dividends on stock 23 Interest on deposit 515153 97 412 37 26262 64 634 03 26 Total interest and rents 27 Profit on sale or maturity of ledger assets Stocks 32 From all other sources Suspense account 38 Total income 42cg 27309 04 216 50 736 85 543416 36658 CoMPTKOLLEKGrElSrERAls EePOET IIIDisbursements 1 Gross amount paid for losses 2 Deduct salvage and reinsurance 3 Net amount paid policyholders for losses 14 Commissions or brokerage less amount received on re turn premiums and reinsurance 19 Stockholders for interest or dividends amount declared during the year 12 per cent 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 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 33 Loss on sale or maturity of leder assets Bonds 3906 stocks 798600 total 37 All other disbursements Suspense 30484 traveling ex pense 64555 general expense 786330 total 222963 65 4806 62 218157 03 182439 34 24000 00 4623963 3701 25 7269 51 13513 43 516 35 801 60 2543 28 1616 65 504 16 8025 06 8813 69 46 Total disbursements IVLedger Assets 2 Mortgage loans on real estate other than first liens 4 Book value of bonds excluding interest 15423215 and book value of stocks 52268732 total 5 Cash in companys office 207232 deposited in banks 2905908 total 11 Ledger assets 19 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 20 Gross premiums in course of collection on policies or re newals issued prior to October 1 1907 37 Gross assets Deduct Assets Not Admitted 43 Gross premiums in course of collection written prior to October 1 1907 44 Book value of ledger assets over market value 518140 98 5000 00 676919 47 31131 40 713050 87 111388 36 3559 36 827998 59 3559 36 99511 47 103070 83 51 Admitted assets 724927 76ComptrollerGeneral s Report VLiabilities 1 Losses and claims in process of adjustmentI 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 52812489 unearned premiums 50 per cent 264062 45 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 4138196 unearned premiums pro rata 21616 98 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 28 Due and to become due for borrowed money 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 200000 00 44 Surplus over all liabilities 177856 47 45 Surplus as regards policyholders 46 Total liabilities I Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year I Gross losses paid 659 16405 91 285679 43 38985 95 6000 00 347071 29 377856 47 724927 76 2880 36 2495 32 NORTH AMERICAN ACCIDENT INSURANCE CO OF CHICAGO ILL E C Waller President A E Forrest Secretary Home Office 217 LaSalle Street Chicago HI 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 balance December 31 of previous year 445090 74 Extended at 445090 74660 ComptrollerGenerals Report IIIncome 1 Gross premiums unpaid December 31 last year 2 Gross premiums written and renewed during the yea 31709 32 818984 10 3 Total 4 Deduct premiums now in course of collection 5 Entire premiums collected during the year 6 Deduct reinsurance return premiums and cancellations 7 Net cash actually received for premiums 19 Policy fees required or represented by applications TO Interest on mortgage loans 21 Interest on collateral loans 22 Interest on bonds and dividends on stock 23 Interest on deposit 24 Interest from all other sources 3784 42 1549 25 12548 13 1148 60 20 00 850693 42 35250 32 815443 10 61129 65 754313 45 195580 00 26 Total interest 27 Profit on sale or maturity of ledger assets 19050 40 87 50 38 Total income 969031 35 IIIDisbursements 1 Gross amount paid for losses 2 Deduct salvage and reinsurance 3 Net amount paid policyholders for losses 4 Investigation and adjustment of claims 5 Total 14 Commissions or brokerage less amount received on return premiums and reinsurance 18 Policy fees waived or retained by agents 19 Stockholders for interest or dividends amount declared during the year 3000000 Salaries fees and all other compensation of officers di rectors trustees and home office employees Salaries traveling and all other expenses of agents not paid by commissions 22 Medical examiners fees and salaries 24 Bents 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage and express 20 21 242645 09 5211 60 237433 49 4750 98 242184 47 264757 57 195580 00 30000 00 68705 44 26378 34 3320 90 11326 00 14529 45 145 25 1275 91 14011 61 17115 26ComptbollebGenebals Repobt 661 32 Furniture and fixtures 33 Loss on sale or maturity of ledger assets Bonds 37 All other disbursements 40 Decrease in book value bonds 42 Traveling expenses 46 Total disbursements j IVLedger Assets 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds excluding interest 5 Cash in companys office 305176 deposited in banks 6117868 total 7 Other ledger assets viz Cash in branch offices for cur rent use 218817 cash due from agents 215147 total 11 Ledger assets NonLedger Assets 12 Interest due 31450 and accrued 83518 on mortgages 13 Interest accrued on bonds 14 Interest accrued on collateral loans 1149 68 2031 53 504 18 19 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 37 Gross assets 47 Due from agents 51 Admitted assets Deduct Assets Not Admitted VLiabilities 3004 60 129 70 9827 15 3023 69 905315 34 82016 67 52150 00 306070 00 64230 44 4339 64 508806 75 3685 39 35250 32 547742 46 2151 47 545590 99 1 Losses and claims in process of adjustment 17263 30 2 Losses and claims resisted 8301 97 3 Total 25565 27 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 206 07136 unearned premiums 50 per cent 103035 68 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 10575 00 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 1700 00 42 Total amount of all liabilities except capital 140875 95662 COMPTROLLERGtENERALs EePOET 43 Capital actually paid up in cash 200000 00 44 Surplus over all liabilities 204 715 04 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Gross losses paid 404715 04 545590 99 14878 20 4025 21 THE OCEAN ACCIDENT AND GUARANTEE CORPORATION LTD OF LONDON ENGLAND Oscar Ising General Manager for the United States Principal Office in United States 350 Broadway New York City A D McGaughey Atlanta Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 2869095 90 Extended at 2869095 90 IIIncome 1 Gross premiums unpaid December 31 last year Ac cident 3579769 Health 408950 Liability 153 87305 Steam Boiler 886573 Burglary and Theft 2045992 total 2 Gross premiums written and renewed during the year Accident 40539682 Health 5030469 Liability 1 75526311 Steam Boiler 8156744 Burglary and Theft 21401648 Credit 48575665 total 2 992 305 19 223085 89 3 Total Accident 44119451 Health 5439419 Liabil ity 190913616 Steam Boiler 9043317 Burglary and Theft 23447640 Credit 48575665 total 3215391 08 4 Deduct gross premiums now in course of collection Ac cident 3498999 Health 897618 Liability 216 80436 Steam Boiler 1018761 Burglary and Theft 333192 t0tal 301290 06 5 Entire premiums collected during the year Accident 40620452 Health 4541801 Liability 169233180 Steam Boiler 8024556 Burglary and Theft 204 14448 Credit 48575665 total 2 914 1Q1 Q2ComptrollerGenerals Report 663 6 Deduct reinsurance return premiums and cancellations Accident 11312864 Health 838104 Liability 33837020 Steam Boiler 2368360 Burglary and Theft 6081225 Credit 271218 total 547087 91 7 Net cash actually received for premiums Accident 29307588 Health 3703697 Liability 135396160 Steam Boiler 5656196 Burglary and Theft 143 33223 Credit 48304447 total 2367013 11 22 Gross interest on bonds and dividends on stocks 99561 93 23 Gross interest on deposits 3603 52 24 Gross interest from all other sources 827 80 26 Total gross interest 103993 25 36 Total income 2471006 36 IIIDisbursements 1 Gross amount paid for losses Accident 8265338 Health 1124768 Liability 52550144 Steam Boiler 91504 Burglary and Theft 2468877 Credit 210 39899 total 855405 30 2 Deduct salvage and reinsurance Accident 613596 Health 7952 Steam Boiler 2011 Burglary and Theft 458557 Credit 2242995 total 33251 11 3 Net amount paid policyholders for losses Accident 7651742 Health 1116816 Liability 52550144 Steam Boiler 89493 Burglary and Theft 2010320 Credit 18796904 total 822154 19 4 Investigation and adjustment of claims Accident 15 63465 Health 180271 Liability 14818320 Steam Boiler 272163 Burglary and Theft 802605 Credit 1200000 total 188368 24 5 Total Accident 9215207 Health 1297087 Liabil ity 67368464 Steam Boiler 361656 Burglary and Theft 2812925 Credit 19996904 total 1010522 43 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 9110229 Health 1012805 Lia bility 31873119 Steam Boiler 1592839 Burglary and Theft 4326245 Credit 11235651 total 591508 88 19 Interest on investments and dividends to home office 73716 55 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 119405 32 21 Salaries traveling and all other expenses of agents not paid by commissions 31701 21664 CoMPTROLLERGrENERALs EePORT 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 telegraph telephone and express 32 Furniture and fixtures 35 All other disbursements viz 36 Surety bonds 37 Discount and exchange 2737388 12148 12 41735 66 1238 14 12688 15 19023 70 7441 28 7010 88 254 05 666 13 38 General expense fi U9 9 39 Profit and lossagents balances 14319 52 51381 94 41 Total disbursements 2006896 14 IVLedger Assets 4 Book value of bonds excluding interest 6 Deposited in trust companies and banks on interest 7 Deposited in trust companies anpd banks not on interest 8 Bills receivable 9 Other ledger assets viz Premium notes 3231759 36 74475 99 385 89 12209 38 14375 50 13 Ledger assets 3333206 12 NonLedger Assets 15 Interest accrued on bonds d 21 Gross premiums in course of collection on policiies or re newals issued subsequent to October 1 1907 Accident 2942759 Health 822656 Liability 19630823 Steam Boiler 895446 Burglary and Theft 29 678 78 total 22 Gross premiums in course of collection on policies or re newals issued prior to October 1 1907 Accident 5 56240 Health 74962 Liability 2049613 Steam Boiler 123315 Burglary and Theft 65314 total 38933 95 272595 62 39 Gross assets 28694 44 3673430 13 Deduct Assets Not Admitted 12209 38 41 Bills receivable 45 Gross premiums in course of collection written prior to October 1 1907 46 Book value of ledger assets over market value viz Bonds 28694 44 322736 24 363640 06CoMPTROLLERGrENERAL s REPORT VLiabilities 1 Losses and claims in process of adjustment Accident 3024100 Health 194030 Steam Boiler 525000 Burglary and Theft 786500 Credit on policies ex piring prior to October 1907 200000 total 2 Losses and claims resisted Accident 650000 Burg lary and Theft 10000 Credit on policies expiring prior to October 1907 800000 total 5 Total Accident 3674100 Health 194000 Steam Boiler 525000 Burglary and Theft 796500 Credit on policies expiring prior to October 1907 1000000 16 Special reserve for unpaid liability losses 17 Special reserve for credit losses on policies expiring in October November and December 1907 being 50 per cent of 15568603 gross premiums received on said policies less 4066183 paid during said months on losses under said policies 665 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 181825050 unearned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 186860 31 unearned premiums pro rata 909125 24 137458 71 4729600 14600 00 61896 00 524008 82 37181 19 623086 01 21 Total unearned premiums 1046583 95 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Accident 915198 Health 214585 Liability 4593612 Steam Boiler 253411 Burglary and Theft 896299 total 26 Salaries rents expenses bills accounts fees etc due or accrued and State county and municipal taxes due or accrued 33 Advance premiums 100 per cent 35 Additional Voluntary reserve for claims and contingen cies 250000 00 43 Total amount of all liabilities except capital 2047086 01 68731 05 45000 00 13685 00 46 Surplus as regards policyholders 1262704 06 47 Total liabilities 3309790 07 666 ComptrollerGenerals Eeport Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 710024 Health 127398 Liability 1126722 Steam Boiler 70845 Burglary and Theft 214110 Credit 1358437 total 36075 36 Gross losses paid Accident 104595 Health 84729 Liability 1254156 Steam Boiler 10857 Burglary and Theft 1463123 total 29 174 60 THE PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Geo I Coehran President j N Bussell Jr Secretary Home Office Pacific Mutual Life Building Corner Third and Hill Streets Los Angeles California IIIncome 4 Gross premiums unpaid December 31 last year Acci dent 16976803 Health 1376497 total 183533 00 5 Gross premiums written and renewed during the year Accident 96777873 Health 12797750 total 1095756 23 6 Total Accident 113754676 Health 14174247 total 1279289 23 7 Deduct gross premiums now in course of collection Ac cident 20420686 Health 1593049 total 220137 35 8 Entire premiums collected during the vear Accident 93333990 Health 12581198 total 1059151 88 9 Deduct reinsurance return premiums and cancellations Accident 26792477 Health 3329582 total 301220 59 10 Net cash actually received for premiums Accident 665 41513 Health 9251616 total 757931 29 18 Total net cash actually received for premiums 757931 29 19 Policy fees required or represented by applications 3soOO 00 31 Profit and loss no 03 Zo 36 Total income 796809 5 IIIDisbursements 1 Gross amount paid for losses Accident 250 240 99 Health 4889396 total 2ggiu 9g 2 Deduct salvage and reinsurance Accident 4 107 37 Health 137209 total 5479 4g 3 Net amount paid policyholders for losses Accident 246 3362 Health 4752187 total 293j655 4g CoMPTROLLERGrENERAL s KePORT 667 4 Investigation and adjustment of claims Accident 2 09005 Health 620 total 2692 05 5 Totals Accident 24822367 Health 4812387 total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Accident 20711854 Health 2976894 total 18 Policy fees retained by agents 19 Stockholders for interest or dividends amount declared during the year 62500 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 Bents including 160000 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 31 Postage telegraph telephone and express 32 Furniture and fixtures 35 All other disbursements viz 36 Dividends to policyholders 37 General expense 41 Total disbursements 756575 48 NonLedger Assets 21 Gross premiums in course of collection viz 1 On policies or renewals issued subsequent to Oct 1 1907 Accident 19648796 Health 1593049 total 212418 45 2 On policies or renewals issued prior to Oct 1 1907 Accident 546290 Health 2256 total 7718 90 Total 220137 35 36 Other nonledger assets viz 37 Reinsurance due from other companies 929 90 39 Gross Assets 221067 25 Deduct Assets Not Admitted 45 Gross premiums in course of collection written prior to October 1 1907 7718 90 53 Admitted assets 213348 35 296347 L 54 236887 48 38000 00 62500 00 58168 73 10801 91 7872 65 514 00 6865 92 12530 15 3161 02 1386 86 12597 64 5851 42 738 72 448 92 1902 52 668 ComptrollerGenerals Eeport VLiabilities 1 Losses and claims in process of adjustment Accident 15700 Health 1075 total 16775 0 2 Reported proofs not received Accident 15600 Health 1000 tow 4 Eesxsted Accent 0J 5 Total Accident 46700 Health 2075 total 48775 00 14 Deduct reinsurance In process of adjustment 4200 resisted 3500 total Q0 15 Net unpaid claims except liability claims in process of adjustment 12575 reported proofs not received 16 600 resisted 11900 total 41fiJ5 QQ 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 61920443 unearned premiums 50 per cent 309 602 21 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 6287615 Health 509775 total 67j973 90 47 Total liabilities T 41865111 Business in the State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 587051 Health 1764 82 total Gross losses paid Accident 92732 Health 40428 total J 331 60 PENNSYLVANIA CASUALTY COMPANY OF SCRANTON PENN Thomas E Jones President T 1 H Kmgsbury Secretary Home Offtce Corner Washington Ave and Spruce St Scranton Penn Carl H King Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets December 31 of previous year 4 15 3 Decrease of paidup capital during the year transferred to surplus Extended at 100000 458684 15 ComptbollebGenebal s Repoet 669 HIncome 4 Gross premiums unpaid December 31 last year Acci i 1 dent 2290544 Health 875596 Liability 5548705 Plate Glass 1249639 Steam Boiler 171984 total 101364 68 jilJ 1 it 1 5 Gross premiums written and renewed during the year Accident 15055824 Health 8087253 Liability 27930034 Plate Glass 8252807 Steam Boiler 13 1 6 50591 total 606765 09 i 1 Total Accident 17346368 Health 8962849 Liabil III 1 ity 33478739 Plate Glass 9502446 Steam Boiler 1522575 total 708129 77 7 Deduct gross premiums now in course of collection Ac fi 1 cident 1313644 Health 718177 Liability 59 76337 Plate Glass 1330536 Steam Boiler 141165 8 total 94798 59 0 1 Entire premiums collected during the year Accident 16032724 Health 8244672 Liability 27502402 Plate Glass 8171910 Steam Boiler 1381410 total 613331 18 4 1 9 Deduct reinsurance return premiums and cancellations Accident 3033855 Health 1395802 Liability 8311594 Plate Glass 1466661 Steam Boiler 215755 an 1 10 total 144236 67 Net cash actually received for premiums Accident 12998869 Health 6848870 Liability 19190808 Plate Glass 6705249 Steam Boiler 1165655 total 469094 51 s 18 469094 51 a 19 Policy fees required or represented by applications 9647 71 20 Interest on mortgage loans 150 00 22 Interest on bonds and dividends on stock 15574 69 v 23 s 24 26 27 Interest from all other sources 22 82 15847 15 f 1 Profit on sale or maturity of ledger assets viz 28 Toledo Fayette Western E R Co stock 400 00 31 38 96 30 495085 67 IIIDisbursements 1 Gross amount paid for losses Accident 6176360 Health 3341247 Liability 6539923 Plate Glass Ili 2374323 Steam Boiler 500296 total 189321 49 670 ComptrollerGenerals Report 2 Deduct salvage and reinsurance Accident 54107 Health 9214 Plate Glass 67593 total 3 Net amount paid policyholders for losses Accident 61 22253 Health 3332033 Liability 6539923 Plate Glass 2306730 Steam Boiler 500296 total 4 Investigation and adjustment of claims Accident 23761 Health 17464 Liability 1743905 Plate Glass 1563 Steam Boiler 20 total 1309 14 18801235 17886 93 5 Totals Accident 6146014 Health 3349497 Liabil ity 8283828 Plate Glass 2308293 Steam Boiler 502296 total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Accident 3438549 Health 1644842 Liability 56 57716 Plate Glass 2425467 Steam Boiler 345406 total 18 Policy fees retained by agents 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 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 and general expense 32 Furniture and fixtures 37 All other disbursements viz 38 Accounts charged off i 990 gg 39 Unclassified premiums 1906 1 940 05 Total 205899 28 135119 80 9647 71 31284 28 19831 72 1161 60 7581 55 6177 26 327 55 11222 93 6324 74 2605 21 7165 55 8539 02 1918 75 3930 94 46 Total disbursements 458737 g9 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 2500 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds excluding interest 38050 00 2500 00 2000 00 340004 50CompteolleeGenebals Report 671 5 Cash in companys office 126755 deposited in banks 8683369 total 88101 24 6 Bills receivable 2026 58 7 Other ledger assets viz 8 Agents accounts 22349 61 11 Ledger assets 495031 93 NonLedger Assets 12 Interest on mortgages 13 Interest on bonds Interest on other assets 4 58 3406 65 242 77 Total 19 Gross premiums in course of collection viz 20 On policies or renewals issued subsequent to October 1 1907 Accident 1122121 Health 671839 Liabil ity 5813837 Plate Glass 1192842 Steam Boiler 110503 total 21 On policies or renewals issued prior to October 1 1907 Accident 191523 Health 46338 Liability 1625 Plate Glass 137694 Steam Boiler 30662 total Total 37 Gross assets 3654 00 89111 42 5687 17 94798 59 593484 52 Deduct Assets Not Admitted 39 Bills receivable 43 Gross premiums in course of collection written prior to October 1 1907 44 Book value of ledger assets over market value viz 45 Accounts unsecured 12487 80 46 Market value of bonds be low book value 22654 50 Total Total 51 Admitted assets VLiabilities 1242 58 5687 17 35142 30 1 Losses and claims in process of adjustment Accident 3842 65 Health 495675 Plate Glass 272780 total 42072 05 551412 47 11527 20672 ComptrollerGenerals Eeport 15 Net unpaid claims except liability claims 16 Special reserve for unpaid liability losses 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 30060906 unearned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 58 48105 unearned premiums pro rata 150304 52 34023 06 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 425453 Health 153072 Liability 16 17394 Plate Glass 300558 Steam Boiler 27422 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 27 State county and municipal taxes due or accrued 200000 00 62653 41 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 612440 Health 2497 24 Liability 407080 Plate Glass 329663 total Gross losses paid Accident 245561 Health 159233 Liability 65840 Plate Glass 108725 total 11527 20 61695 90 73223 10 184327 58 25238 99 969 39 5000 00 42 Total amount of all liabilities except capital 288759 06 43 Capital actually paid up in cash 44 Surplus over all liabilities 262653 41 551412 47 15989 07 5793 59COMPTROLLERGrENERAL s EEPORT 673 PHILADELPHIA CASUALTY COMPANY OF PHILADELPHIA PENN Kobt B Armstrong President Robt G Hazeldine Secretary Home Office Fidelity Building 116 North Broad St Philadelphia Penn Craig Cofield 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 635108 35 Extended at 635108 35 IIIncome 4 Gross premiums unpaid December 31 last year Acci dent 2379417 Health 1362756 Liability 48 37117 Plate Glass 2600398 Steam Boiler 729449 Credit 1990547 total 138996 84 5 Gross premiums written and renewed during the year Accident 19403703 Health 8475770 Liability 27683760 Plate Glass 15620115 Steam Boiler 1582804 Credit 21165557 total 939317 09 6 Totals Accident 21783120 Health 9338526 Liabil ity 32520877 Plate Glass 18220513 Steam Boiler 2312253 Credit 23156104 total 1078313 93 7 Deduct gross premiums now in course of collection Ac cident 1922462 Health 1467666 Liability 48 34208 Plate Glass 2820940 Credit 5342549 total 163878 25 8 Entire premiums collected during the year Accident 19860658 Health 8370860 Liability 27686669 Plate Glass 15399573 Steam Boiler 2312253 Credit 17813555 total 914435 68 9 Deduct reinsurance return premiums and cancellations Accident 5784043 Health 2492619 Liability 94 04678 Plate Glass 3849960 Steam Boiler 2514364 Credit 5106805 total 291524 69 10 Net cash actually received for premiums Accident 14076615 Health 5878241 Liability 18281991 Plate Glass 11549613 Steam Boiler 202111 Credit 12706750 total 18 Total net cash actually received for premiums 43cg 622910 99 622910 99 674 ComptrollerGenerals Report 20 Interest on mortgage loans 2219 82 21 Interest on collateral loans 417 49 22 Interest on bonds and dividends on stock 12683 77 23 Interest on deposit 1411 39 24 Interest from all other sources 245 51 26 Total interest 32 From all other sources viz 33 Special premium reserve nonadmitted re insuring companies 34 Contributions to surplus June 15th 1908 1153 26 75000 00 Total income 38 Total income 5 Totals Accident 5342433 Health 1935105 Liabil ity 6116908 Plate Glass 5580376 Steam Boiler 15682 Credit 4637369 total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following lasses 15 Accident 4088846 Health 1540650 Liability 40 87648 Plate Glass 3709903 Steam Boiler 429826 Credit 4327371 total 19 Stockholders for interest or dividends amount declared during the year 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 16977 98 76153 26 716042 23 IIIDisbursements 1 Gross amount paid for losses Accident 5278076 Health 18129 Liability 4280372 Plate Glass 56 01586 Steam Boiler 15682 Credit 4514688 total 215033 04 2 Deduct salvage and reinsurance Accident 59633 Health 1785 Plate Glass 21210 Credit 51411 total 1340 39 Net amount paid policyholders for losses Accident 5218443 Health 1811115 Liability 4280372 Plate Glass 5580376 Steam Boiler 15682 Credit 4463277 total 213692 65 Investigation and adjustment of claims Accident 1 23990 Health 123990 Liability 1836536 Credit 174092 total 22586 08 236278 73 173245 92 13408 50 40774 24 76917 73 1513 47 11584 76 9901 64CompteollebGenekals Report 675 27 All other taxes licenses and insurance department fees 13915 87 28 Legal expenses 18867 06 29 Advertising 2650 79 30 Printing and stationery jq 73 30 31 Postage and express 7 75g gy 33 Loss on sale or maturity of ledger assets viz 34 Old agents balances uneolleetable 2160 44 35 Bills receivable uneolleetable 510 43 36 Bond adjustment account 4 062 38 Total 6733 25 37 All other disbursements viz 38 Contingent commission 2 420 87 46 Total disbursements 626 702 80 IVLedger Assets 2 Mortgage loans on real estate first liens 68550 00 4 Book value of bonds excluding interest 575 648 39 5 Cash in companys office 141238 deposited in banks 5391488 total 55327 26 6 Bills receivable premium notes 1 903 22 7 Other ledger assets viz 8 Agents balances 8509 68 9 Furniture and fixtures 12 722 37 10 Petty cash in branch offices 1786 86 Total 23018 91 11 Ledger assets 724447 78 NonLedger Assets 12 Interest accrued on mortgages 841 56 13 Interest accrued on bonds 7 576 19 15 Interest accrued on other assets 225 00 Tota 8642 75 20 On policies or renewals issued subsequent to October 1 1907 Accident 1878062 Health 1450516 Liabil ity 4739355 Plate Glass 2779262 Credit 53 42549 total 161897 44 21 On policies or renewals issued prior to October 1 1907 Accident 440 Health 17150 Liability 94853 Plate Glass 41678 total 1 980 81 Total 163878 25 34 Other nonledger assets viz 35 Account purchased on payment of credit loss 4430 33 37 Gross assets 901399 11676 ComptkollebGenekais Report Deduct Assets Not Admitted 39 Bills receivable premium notes over 90 days old 40 Furniture and fixtures 43 Gross premiums in course of collection written prior to October 1 1907 44 Book value of ledger assets over market value viz 45 Depreciation in bonds 34636 93 46 Depreciation in city trust account 191796 480 00 47 Agents balances 8509 68 48 Petty cash in branch offices 1786 86 263 22 12722 37 1980 81 Total Total 51 Admitted assets 45413 47 VLiabilities 60379 87 841019 24 1 Losses and claims adjusted Accident 108162 Health 56080 total 1642 42 2 Losses and claims in process of adjustment Accident 675907 Health 302596 Plate Glass 356706 Credit 2657 total 3 Reported proofs not received Accident 310 Health 920 total 4 Resisted Accident 2000 Health 250 Credit 14 025 total 5 Total Accident 1015069 Health 475676 Plate Glass 356706 Credit 1405157 total 14 Deduct reinsurance reported proofs not received 15 Net unpaid claims except liability claims adjusted 1 64242 in process of adjustment 1337866 reported proofs not received 1205 resisted 16275 total 16 Special reserve for unpaid liability losses 17 Special reserve for credit losses on policies expiring in October November and December 1907 being 50 per cent of 5299577 gross premiums received on said policies less 1257562 paid during said months on losses under said policies 13 722 26 13378 66 1230 00 16275 00 32526 08 25 00 32521 08 59752 68 18 Total unpaid claims and expenses of settlement 105976 02CoMPTBOLLEEGrENEKAL s EePOKT 677 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 61183617 un earned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1941432 unearned premiums pro rata i 305918 08 11322 08 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 525857 Health 377134 Liability 995301 Plate Glass 889363 Credit 1043360 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 31 Reinsurance 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 300000 00 44 Surplus over all liabilities 66637 20 45 Surplus as regards policyholders 46 Total liabilities 317240 16 38310 15 12200 00 655 71 474382 04 366637 20 841019 24 PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK Kimball C Atwood President Wilfred 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 December 31 of previous year 1450721 32 Extended at 1450721 32 IIIncome 4 Gross premiums unpaid December 31 last year Acci dent 14227051 Health 2845410 total 170724 61678 ComptrollerGenerals Eeport 5 Gross premiums written and renewed during the year Accident 139208979 Health 25799825 total 6 Total Accident 153436030 Health 28645235 tntaH 7 Deduct gross premiums in course of collection Acci dent 14482528 Health 3620632 total 8 Entire premiums collected during the year Accident 138953502 Health 25024603 total 9 Deduct reinsurance return premiums and cancellations Accident 18899361 Health 4760372 total 10 Net cash actually received for premiums Accident 1 20054141 Health 20264231 total 18 Total net cash actually received for premiums 22 Interest on bonds and dividends on stock 52121 55 23 Interest on deposit 2 079 80 26 Total interest 1650088 04 1820812 65 181031 60 1639781 05 236597 33 1403183 72 1403183 72 54201 35 38 Total income 1457385 07 IIIDisbursements 1 Gross amount paid for losses Accident 40973609 Health 7301324 total 482 749 33 2 Deduct salvage and reinsurance Accident 743 69 3 Net amount paid policyholders for losses Accident 40899240 Health 7301324 total 482005 64 4 Investigation and adjustment of claims Accident 6 28493 Health 500 total 6 784 93 5 Totals Accident 41527733 Health 7351324 total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Accident 40258809 Health 6292851 total 19 Stockholders for interest or dividends amount declared during the year 84000 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 Eents 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 488790 57 465516 60 84000 00 114463 74 30202 48 15219 37 406 00 14815 18 27364 99 7383 11 6805 51ComptrollerGenerals Eeport 679 30 Printing and stationery 31 Postage and express 32 Furniture and fixtures 33 Loss on sale or maturity of ledger assets viz 34 Bonds 34 70 35 Interest on bonds purchased 1123 61 Total 37 All other disbursements viz 38 Telegrams exchange car fare and petty office expenses kept as one account 40 Exchange on bonds purchased 8091 97 8380 53 1043 10 1158 31 1313 09 31 26 Total 46 Total disbursements 6344 35 IVLedger Assets 4 Book value of bonds excluding interest 129997393 and book value of stocks 18849436 total 5 Cash in companys office 156790 deposited in banks 13808439 total 1279985 81 1488468 29 139652 29 11 Ledger assets 1628120 58 NonLedger Assets 13 Interest on bonds 9917 61 19 Gross premiums in course of collection viz 20 On policies or renewals issued subsequent to October 1 1907 Accident 13254489 Health 3313644 total 165681 33 21 On policies or renewals issued prior to October 1 1907 Accident 1228022 Health 307005 total 15350 27 Total 181031 60 37 Gross assets 1819069 79 Deduct Assets Not Admitted 43 Gross premiums in course of collection written prior to October 1 1907 44 Book value of ledger assets over market value viz 45 Book value of bonds and stocks 1488468 29 46 Market value of bonds and stocks 1357575 00 15350 27 Total 130893 29 Total 146243 56 51 Total assets 1672826 23680 ComptbollerGtenebals Eepobt VLiabilities 1 Losses and claims in process of adjustment Accident 2150714 Health 4786 total 2 Reported proofs not received Accident 71300 Health 9563 total 3 Resisted Accident 18725 Health 300 total 4 Total Accident 11153214 Health 991086 total 14 Deduct reinsurance reported proofs not received 21555 00 80863 00 19025 00 121443 00 2500 00 15 Net unpaid claims except liability claims in process of adjustment 21555 reported proofs not received 78 363 resisted 19025 total 18 Total unpaid claims and expenses of settlement 19 Grop premiums less reinsurance upon all unexpired risks running one year or less from date of policy 116955704 unearned premiums 50 per cent 584 778 52 118943 00 118943 00 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 3283825 Health 673913 total 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 27 Dividends due stockholders 29 State county and municipal taxes due or accrued 31 Reinsurance 32 Advance premiums 100 per cent 33 Other liabilities viz 34 Reserve for contingent installment policies 584778 52 39577 38 225 00 7000 00 22140 49 720 84 3495 00 111286 00 42 Total amount of all liabilities except capital 888166 23 43 Capital actually paid up in cash 350000 00 44 Surplus over all liabilities 434660 00 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 819585 Health 1091 total Gross losses paid Accident 891283 Health 42143 total 784660 00 1672826 23 9286 85 9334 26CoMPTKOLLERGeNEKAL s REPORT 681 ROME INDUSTRIAL LIFE INSURANCE COMPANY OF ROME GA Sproull Fouchi President John Graham Secretary Principal Office Rome Ga William A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 Extended at IIIncome During Six Months 1907 100000 00 1 Cash received for premiums on new poli cies without deductions for commissions or other expenses 4258 24 7 Total premium income 8 Cash received for interest on mortgage loans 18 Money borrowed 19 From all other sources viz Sale of renewal contract and deposited by stockholder to create surplus 7 Total net amount paid for losses Total paid policyholders 863 87 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 20 Cash paid for salaries and all other compensation of of ficers and other home office employees 21 Cash paid for taxes on new premiums 23 Cash paid for insurance department fees and agents licenses 105 municipal licenses 85 total 24 Cash paid for rent including 34510 for companys oc cupancy 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 26750 printing 212491 total 4258 24 510 76 5000 00 13671 Total income 23440 00 IIIDisbursements Six Months 1907 1 Cash paid for death claims including re visionary additions 317 00 5 Sick benefit claims 546 87 863 87 1887 41 3920 0 64 23 2648 17 86 00 190 00 345 10 1208 48 2392 n 682 ComptkollehGenebals Report 29 Cash paid for the following items viz Incidental office 4q9 85 Traveling expense 937 15 Total Total miscellaneous expenses 14138 86 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 interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 10 Agents ledger balances of which 4352 was advanced during the year 11 Total net or ledger assets Other Assets 14 Interest accrued on mortgages 2 431 38 15 Interest accrued on bonds and stocks 112 50 Total carried out 27 Furniture fixtures and safes 28 Total assets Items Not Admitted 2 Furniture fixtures and safes 1 208 43 5 Agents balances 43 52 Total 9 Total assets VLiabilities 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1907 computed according to the Am Exp table of mortality with 3 percent interest g9 03 Net reinsurance reserve 1397 00 15002 73 94700 96 5450 00 34 65 8208 14 43 52 108437 27 2543 88 1208 43 112189 58 1251 95 110937 63 979 03ComptrollerGeneral s Report 683 13 Amount due on account of salaries rents and office ex penses 677 36 14 Amount due by the company for borrowed money 5000 00 17 Liabilities on policyholder s account 6656 39 18 Gross surplus on policyholders account 4281 24 19 Total liabilities 10937 63 THE STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OP DETROIT MICHIGAN Lem W Bowen President E A Leonard Secretary Home Office Penobscot Building Detroit Mich Richard W Joyner Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets December 31 of previous year 2319737 26 Extended at 2319737 26 IIIncome 4 Gross premiums unpaid December 31 last year Acci dent 19934973 Health 2820918 Liability 99 28163 workmens collective 581120 total 332651 74 5 Gross premiums written and renewed during the year Accident 128492979 Health 13636168 Liability 104543124 workmens collective 5129976 total 2518022 47 6 Total Accident 148427952 Health 16457086 Liability 114471287 workmens collective 57 11096 total 2850674 21 7 Deduct gross premiums now in course of collection Ac cident 18129591 Health 2736478 Liability 140 42919 workmens collective 610701 total 355196 89 8 Entire premiums collected during the year Accident 130298361 Health 13720608 Liability 1004 28368 workmens collective 5100395 total 2495477 32684 ComptrollerGenerals Eeport 9 Deduct reinsurance return premiums and cancellations Accident 27601363 Health 3209241 Liability 10532440 Workmens Collective 300537 total 416435 81 10 Net cash actually received for premiums Accident 1 02696998 Health 10511367 Liability 89895928 workmens collective 4799858 total 2079041 51 18 Total net cash actually received for premiums 2079041 51 19 Policy fees required or represented by applications 20954 00 20 Interest on mortgage loans 29 382 71 21 Interest on collateral loans i 441 67 22 Interest on bonds and dividends on stock 75 163 84 24 Interest from all other sources 2 204 44 26 Total interest 38 Total income 108192 66 2208188 17 IIIDisbursements 1 Gross amount paid for losses Accident 436402 73 Health 3771975 Liability 32918997 Workmens Collective 2472110 total 2 Deduct salvage and reinsurance Accident 3 Net amount paid policyholders for losses Accident 42507838 Health 3771975 Liability 32918997 Workmens Collective 2472110 total 4 Investigation and adjustment of claims Accident 8 88425 Health 28285 Liability 10698404 total 5 Total Accident 43396263 Health 3800260 Liabil ity 43617401 Workmens Collective 2472110 total 14 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 30441256 Health 3503789 Liability 20885751 Workmens Collective 1319960 total 18 Policy fees retained by agents 19 Stockholders for interest or dividends amount declared during the year 4500000 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 21 Salaries traveling and all other expenses of agents 23 Inspections other than medical 24 Rents 26 Taxes on real estate 27 All other taxes licenses and insurance department fees 30 Printing and stationery 828033 55 11324 35 816709 20 116151 14 932860 34 561507 56 20954 00 45000 00 99576 93 107126 17 14129 67 17325 61 298 66 57758 06 16503 16ComptrollerGeneral s Beport 685 31 Postage and express 32 Furniture and fixtures 37 All other disbursements Sundry small expenses 17706 70 2357 20 1951 60 46 Total disbursements 1906597 17 IVLedger Assets 1 Book value of real estate unincumbered 25350 00 2 Mortgage loans on real estate first liens 510850 00 3 Loans secured by pledge of bonds stocks or other col laterals 50000 00 4 Book value of bonds excluding interest 1893760 58 5 Cash in companys office 265438 deposited in banks 13871330 total 141367 68 11 Ledger assets 2621328 26 NonLedger Assets 12 Interest due 68342 and accrued 7117 61 on mortgages 13 Interest accrued on bonds 15 Interest accrued on other assets 7801 03 17351 70 102 33 18 Market value of bonds and stocks over book value 19 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 Accident 17280570 Health 2607864 Liability 13382902 Workmens Collective 610701 total 20 Gross premiums in course of collection on policies or re newals issued prior to October 1 1907 Accident 8 49021 Health 128614 Liability 660017 total Deduct Assets Not Admitted 25255 06 18564 42 338820 37 16376 52 43 Gross premiums in course of collection written prior to October 1 1907 16376 52 16376 52 51 Admitted assets 3003968 11 VLiabilities 1 Losses and claims adjusted Accident 1615743 Health 182557 Workmens Collective32576 total 2 Losses and claims in process of adjustment Accident 2193750 Health 272475 Workmens Collective 63458 total 18308 76 25296 83686 ComptrollerGenerals Report 3 Losses and claims reported proofs not received Acci dent 7086742 Health 598733 Workmens Collec tive 103966 total 4 Losses and claims resisted Accident 5 Total Accident 14591235 Health 1053765 Work men s Collective 200000 16 Special reserve for unpaid liability 797251 14 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 159450229 unearned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 4252528 unearned premiums pro rata 29694 84 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 viz Accident 51754 96 Health 869288 Liability 3104833 Workmens Col lective 167942 total 26 Salaries rents expenses bills or accrued 27 State county and municipal taxes due or accrued 30 Return premiums and cancellations 31 Reinsurance 33 Other liabilities viz Reserve for contingencies inad dition to all liabilities Is accounts fees etc due 77894 41 36950 00 158450 00 528485 85 686935 85 826945 98 93175 59 8213 57 35786 43 15983 87 5859 19 50000 00 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 50o000 00 44 Surplus over all liabilities 781 067 63 1722900 48 45 Surplus as regards policyholders 46 Total liabilities 1281067 63 3003968 11 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed during he year Accident 1721152 Health 274149 Lia bihty 1740 total Gross losses paid Accident 665395 Health 51821 Lia bihty 171885 total 19970 41 8891 01ComptrollerGenerals Repokt 687 THAMES MERSEY MARINE INSURANCE COMPANY LTD OF LIVERPOOL ENGLAND H K Fowler United States Manager Principal Office in United States 8292 Beaver Street New York City A L Farie Savannah Attorney for Service in Georgia 1Capital Stock 1 Deposit capital paid up in cash 310000 00 2 Amount of ledger assets as per balance December 31 of previous year 766001 55 Extended at 766001 55 IIIncome 1 Gross premiums 647989 81 2 Deduct reinsurance rebate abatement and return premiums 137479 96 3 Total premiums other than perpetual 7 Interest on bonds and dividends on stocks 12 From all other sources Received from home office Liver pool 16496200 from adjusters and other salvages etc account Liverpool 2009223 total 510509 85 24038 75 185054 23 13 Total income 719602 S3 IIIDisbursements 1 Gross amount paid for losses including 22845400 occur ring in previous years 614314 46 2 Deduct amount received for salvage 3813394 and for reinsurance in other companies 7702974 total 115163 68 3 Net amount paid for losses 499150 78 8 Commissions or brokerage 57372 25 9 Salaries fees and all other charges of officers clerks agents and other employees 31432 17 10 Rents 5750 00 13 All other taxes licenses and insurance department fees 15019 27 15 All other disbursements Allowances to local agencies for miscellaneous agency expenses 5110 48 Advertising 15000 printing and stationery 165108 1801 08 Postage cablegrams telephone charges etc 3215 62 Legal expenses 4000 furniture and fixtures 10000 140 00 Underwriters boards and Maritine Associations 2158 24688 ComptrollerGenerals Eeport Inspections and surveys 343 7 Traveling expenses electrical work typewriter repairs and petty office expenses 1 258 04 Home office Liverpool remitted 40 262 50 Home office bonds at book value trans ferred 20475 00 Home office claims etc paid for acct 29507 38 90244 88 16 Total disbursements 712996 28 IVLedger Assets 4 Book value of bonds excluding interest 41092050 and stocks 26066300 total 671583 50 5 Cash in companys office 6950 deposited in bank 3 96122 total 4030 72 6 Agents balances representing business written subse 7 AqUt0ber11905 96413 36 7 Agents balances representing business written prior to Ct0ber 1905 58052 11 Total ledger assets 772608 10 NonLedger Assets 13 Interest due 235000 and accrued 142082 on bonds 3770 82 21 Gross assets A 0 776378 92 Z5 Agents balances representing business written prior to October 1 1905 580 52 28 Depreciation from book value of ledger assets to bring same to market value 112 933 50 29 Total 113514 02 30 Total admitted assets 662864 90 VLiabilities 2 Gross claims for losses in process of adjustment or in suspense including all reported and supposed losses 182 241 00 5 Deduct reinsurance due or accrued 1534g 0Q 6 Net amount of unpaid losses and claims 166 893 00 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 4645891 unearned premiums fifty per Cent 23229 45ComptrollerGeneral s Report 689 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 4616911 unearned premiums 100 per cent 46169 11 12 Total unearned premiums as computed above 69398 56 19 Salaries rents expenses taxes bills accounts fees etc due or accrued 16963 70 20 Commissions brokerage and other charges due or to be come due to agents and brokers 2534 17 21 Reinsurance premiums 12264 62 24 Total amount of all liabilities except capital 268054 05 25 Deposit capital actually paid up in cash 310000 00 26 Surplus over all liabilities 84810 85 27 Surplus as regards policyholders 394810 85 28 Total liabilities 662864 90 Business in the State of Georgia During the Year 1907 Risks written 1523500 00 Gross premiums received excluding only 10925 of cancella tions 425852 Lossespaid 5340 92 THE TITLE GUARANTY SURETY COMPANY OF SCRANTON PA Louis A Watres President John H Law Secretary Home Office 516 Spruce Street Scranton Pa A Shulhafer Savannah Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 800000 00 2 Amount of ledger assets as per balance December 31 of previous year 1538602 77 3 Increase of paidup capital during the year 7000 surplus 5250 total 12250 00 Extended at 1550852 77 44cg690 ComptrollerGenerals Report IIIncome 1 Gross premiums unpaid December 31 last year Surety 15840264 Title 132617 total 2 Gross premiums written and renewed during theyear Surety 77550136 Title 93325 total 3 Total Surety 93390400 Title 225942 total 4 Deduct gross premiums now in course of collection Sur ety 16696661 Title 108212 total 159728 81 776434 61 5 Earumr1ollected during the year suret 76v 93739 Title 117730 total 6 Deduct reinsurance return premiums and cancellations Surety 7 Net cash actually received for premiums 20 Gross interest on mortgage loans 21 Gross interest on collateral loans 22 Gross interest on bonds and dividends on stocks 23 Gross interest on deposits 24 Interest from all other sources 25 Gross rents from companys property in cluding 300000 for companys occu pancy of its own buildings 7956 25 5177 16 48161 35 935 88 15 44 4200 00 936163 42 168048 73 768114 69 138150 26 629964 43 26 Total gross interest and rents 31 Title department search fees commissions etc 36 Total income 66446 08 1892 34 698302 85 HIDisbursements 1 Gross amount paid for losses 2 Deduct salvage and reinsurance 243850 59 48672 97 3 Net amount paid policyholders for losses J 14 Commissions or brokerage less amount received on return premiums and reinsurance 19 Stockholders for interest or dividendsamountdeclared during the year 4758000 20 Salaries fees and all other compensation of office d rectors trustees and home office employees smSraiotherexpensesofa 2 Rrb300 PocpancyoV its 5 XenT HCeDSeS aDd Pariment fees 195177 62 185482 41 47580 00 41727 97 49607 21 5499 96 17324 23 17847 99ComptbollebGeneeals Bepobt 691 29 Advertising 1429 7 30 Printing and stationery 10127 16 31 Postage telegraph telephone and express 6773 80 35 All other disbursements General expenses 4813331 premiums charged to profit and loss account 184920 total 49982 51 41 Total disbursements 628559 93 IVLedger Assets 1 Book value of real estate unincumbered 90000 00 2 Mortgage loans on real estate first liens 134654 05 3 Loans secured by pledge of bonds stocks or other col laterals 98225 00 4 Book value of bonds excluding interest 1106424 49 5 Cash in companys office 4206 14 6 Deposited in trust companies and banks on interest 79595 01 8 Bills receivable 4276 87 10 Advances on contracts 57152 71 11 Miscellaneous assets 29538 79 12 Receivers certificate German Bank Buf falo N Y 16522 63 103214 13 13 Ledger assets 1620595 69 NonLedger Assets 14 Interest accrued on mortgages 1198 55 15 Interest accrued on bonds 9784 78 10983 33 21 Gross premiums in course of collection on policies or re newals issued subsequent to October 1 1907 Surety 15881343 Title 45887 total 159272 30 22 Gross premiums in course of collection on policies or re newals issued prior to October 1 1907 Surety 8153 18 Title 62325 total 8776 43 39 Gross assets 1799627 75 Deduct Assets Not Admitted 41 Bills receivable 4276 87 45 Gross premiums in course of collection written prior to October 1 1907 8776 43 47 Bonds 93289 49 106342 79 53 Admitted assets 1693284 96692 ComptbollebGenerals Repoet VLiabilities 1 Losses and claims in process of adjustment 2 Losses and claims reported proofs not received 3 Losses and claims resisted 12 Expense of settlement estimated 13400 47 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued subse quent to October 1 1907 26 Salaries rents expenses bills accounts fees etc due or accrued 27 State county and municipal taxes due or accrued 32 Reinsurance 43 Total amount of all liabilities except capital 44 Capital actually paid up in cash 800 000 45 Surplus over all liabilities 3945 38 46 Surplus as regards policyholders 47 Total liabilities 4047 34 52358 72 69797 52 1000 00 18 Total unpaid claims and expenses of settlement 127203 58 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 58943869 unearned premiums 50 per cent 294 719 34 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1930094 unearned premiums pro rata Business in State of Georgia During 1907 Gross premiums received on risks written the year Gross losses paid or renewed during 308119 81 33315 81 1000 00 4079 20 25550 18 499268 58 1194016 38 1693284 96 4362 95 5996 18COMPTROLLERGrENERAL s EEPORT 693 THE TRAVELERS INSURANCE COMPANY OP HARTFORD CONN Sylvester C Dunham President Louis E Butler Secretary Home Office 700 Main 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 10926414 40 Extended at 10926414 40 IIIncome 1 Entire premiums collected during the year Accident 342934509 Health 33470078 Liability 5397 07094 total 9161116 81 2 Deduct reinsurance return premiums and cancellations Accident 25000864 Health 2533025 Liability 35131103 total 626649 92 3 Net cash actually received for premiums Accident 3 17933645 Health 30937053 Liability 50455991 total 21 Gross interest on collateral loans 3057 97 22 Gross interest on bonds and dividends on stocks 494027 64 23 Gross interest on deposits 34250 85 24 Gross interest from all other sources 1554 07 8534466 89 26 Total gross interest 28 Gross profit on sale or maturity of ledger assets viz Bonds 5147679 stocks 5000000 total 532890 53 101476 79 36 Total income 9168834 21 IIIDisbursements 1 Gross amount paid for losses Accident 132033803 Health 14232747 Liability 148738186 total 2950057 36 2 Deduct salvage and reinsurance Accident 1784136 Health 291858 total 20759 94 3 Net amount paid policyholders for losses Accident 1 30249667 Health 13940889 Liability 148739186 total 2929297 42 4 Investigation and adjustment of claims Accident 19 93078 Health 6160 Liability 89279556 total 912787 94 5 Totals Accident 132242745 Health 13947049 Lia bility 238018742 total 3842085 36694 COMPTBOLLER GENERAL s REPORT 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 94625235 Health 7856671 Liability 1 13701980 total 19 Stockholders for interest or dividends amount declared during the year 25000000 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 21 Salaries traveling and all other expenses of pay roll auditors 22 Medical examiners fees and salaries 23 Inspections other than medical 24 Eents including 4755107 for companys occupancy of its own buildings 26 Taxes on capital stock 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage telegraph telephone and express 32 Furniture and fixtures 33 Gross loss on sale or maturity of ledger assets viz Bonds 637644 stocks 22539 99 total 35 All other disbursements 36 Miscellaneous items 37 Profit and loss 41 Total disbursements 2161838 86 250000 00 286360 75 378747 17 79268 29 26002 83 114696 98 102105 25 67430 00 133059 66 5042 06 38170 50 62795 20 60755 63 94739 13 28916 43 32464 51 338 46 7764817 07 IVLeder Assets 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds excluding interest 703084181 and book value of stocks 316526901 total 5 Cash in companys office 6 Deposited in trust companies and banks on interest 7 Deposited in trust companies and banks not on interest 8 Bills receivable 9 Other ledger assets viz Agents debit balances 13 Ledger assets 1339522 54 10196110 82 5695 00 670785 38 62207 07 7467 08 48643 65 T2330431 54 NonLedger Assets 15 Interest accrued on bonds 16 Interest accrued on collateral loans 102122 54 21280 77 123403 31 39 Gross assets 12453834 8541 42 46 53 ComptrollerGenerals Report Deduct Assets Not Admitted Bills receivable 7467 08 Agents debit balances 48643 65 Book value of ledger assets over market value viz Bonds 61418181 stocks 590614 total 620087 95 695 676198 68 o 16 18 19 21 21 26 27 35 43 44 45 Admitted assets 11777636 17 VLiabilities Losses affd claims adjusted Accident 291421 Health 20321 Total 3117 42 Losses and claims in process of adjustment Accident 101145 00 Losses and claims reported proofs not received Acci dent 132485 97 Health 2245250 total 154938 47 Losses and claims resisted Accident 36600 00 Total Accident 27314518 Health 2265571 total 295800 89 Special reserve for unpaid liability losses Total unpaid claims and expenses of settlement Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 569169167 unearned premiums 50 per cent 2845845 84 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 249133 91 unearned premiums pro rata 538447 90 Total unearned premiums Salaries rents expenses bills accounts fees etc due or accrued State county and municipal taxes due or accrued Special reserves 3384293 74 35000 00 50000 00 158394 98 Total amount of all liabilities except capital Capital actually paid up in cash 1000000 00 Surplus over all liabilities 2836024 13 46 Surplus as regards policyholders 3836024 13 47 Total liabilities696 ComptrollerGenerals Eepoet Business in Georgia During 1907 Gross premiums on risks written or renewed during the year Accident 6382947 Health 870735 Liability 29 03805 total j Gross losses paid Accident 3149402 Health 306864 Liability 1471605 total 101574 87 49278 71 THE TRAVELERS INDEMNITY COMPANY OP HARTPORD CONN Sylvester C Dunham President John L Way Secretary Home Office 56 Prospect Street Hartford Conn Wm A Wright Atanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 250j000 00 IIIncome 1 Entire premiums collected during the year Accident 554732 Health 20425 total 5 751 57 2 Deduct reinsurance return premiums and cancellations Accident 147525 Health 7000 total 1 545 25 3 Net cash actually received for premiums Accident 4 07207 Health 13425 total 4 206 32 21 Interest on collateral loans 2 800 00 22 Interest on bonds and dividends on stock 600 00 23 Interest on deposits 215 26 26 Total interest 3 615 26 32 Prom all other sources 3b Capital stock paid in 250000 00 34 Surplus pad m 62500 0Q 38 Total income 320321 58 HIDisbursements 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 142522 Health 4699 total 1472 21 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 525 00 27 All other taxes licenses and insurance department fees 2 110 00 30 Printing and stationery 32 Furniture and fixtures 155 32CompteolleeGeneeals Repoet 697 37 All other disbursements 38 Interest accrued on securities purchased 39 Miscellaneous 46 Total disbursements 4441 91 4 40 8913 26 IVLedger Assets 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds excluding interest 5 Cash deposited in banks 104680 00 52500 00 125899 50 28328 82 11 Leder assets 311408 32 NonLeder Assets 12 Interest accrued on mortgages not due 13 Interest accrued on bonds not due 14 Interest accrued on collateral loans 1007 71 1418 02 861 99 Total 18 Market value of bonds and stocks over book value 2056 80 21 Total unearned premiums 42 Total amount of all liabilities except capitalI 43 Capital actually paid up in cash 250000 00 44 Surplus over all liabilities 62664 74 3287 72 25 50 37 Gross assets 314721 54 VLiabilities 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 411360 un earned premiums 50 per cent 2056 80 2056 80 45 Surplus as regards policyholders 46 Total liabilities 312664 74 314721 54698 CoMPTROLLERGENERAls EePORT UNITED AMERICAN LIFE INSURANCE COMPANY OP WILMINGTON DELAWARE P B Reeves 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 118490 00 2 Amount of ledger assets December 31 of previous year 155587 18 3 Increase of paidup capital during the year 18490 00 Extended at 174007 18 IIIncome 1 Gross premiums unpaid December 31 last year Acci dent and Health j 2 Gross premiums written and renewed during the year Accident and Health 3 Total Accident and Health 4 Deduct gross premiums now in course of collection Ac cident and Health t 5 Entire premiums collected during the year Accident and Health 6 Deduct reinsurance return premiums and cancellations Accident and Health 7 Net cash actually received for premiums Accident and Health t 18 Total net cash actually received for premiums 22 Gross interest on bonds and dividends on stocks 4 23 Gross interest on deposits 24 Gross interest from all other sources 25 Gross rents from companys property 549 45 79346 10 79895 55 5294 29 74601 26 7588 51 67012 75 67012 75 4025 00 166 96 27 10 1779 73 26 Total gross interest and rents 30 From other sources viz 31 Life aggregate 32 Agent security 5998 79 2403 45 25 00ComptrollerGenerals Eepoet 699 33 Subscription account to increased capital not yet issued 6031 25 34 Surplus paid in by stockholders of record less expense of collection 10958 15 Total 36 Total income IIIDisbursements 1 Gross amount paid for losses Accident and Health 14 Commission or brokerage less amount received on return premiums and reinsurance for the following classes 15 Accident 20 Salaries fees and all other compensation of officers directors trustees and home office employees 22 Medical examiners fees and salaries 24 Rents 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 telegraph telephone and express 32 Furniture and fixtures 35 All other disbursements viz 36 Interest on real estate mortgage 1000 00 37 Travel expense 2857 20 38 Sundry items 769 37 39 Accrued interest on bond purchases 146 67 Total Total disbursements IVLedger Assets 1 Book value of real estate 4 Book value of bonds excluding interest 5 Cash in companys office 6 Deposited in trust companies and banks on interest 13 Ledger assets NonLedger Assets 17 Interest accrued on other assets 1256 24 18 Rents accrued on companys property on lease 7 50 19417 85 92429 39 35257 43 24617 93 13168 24 47 00 999 99 346 79 639 70 1940 06 433 10 623 92 6173 51 1617 01 134 08 4773 24 90782 00 43000 00 124418 00 226 10 8080 47 175724 57 Total 1263 24700 ComptrollerGenerals Report 21 Gross premiums in course of collection viz 22 On policies or renewals issued subsequent to October 1 1907 Accident 23 On policies or renewals issued prior to October 1 1907 Accident Total 39 Gross assets 5106 79 187 50 5294 29 182282 60 Deduct Assets Not Admitted 45 Gross premiums in course of collection written prior to October 1 1907 187 50 46 Book value of ledger assets over market value viz 47 Bonds 7 473 50 Total 53 Admitted assets VLiabilities 1 Losses and claims in process of adjustment Accident and Health 14 Deduct reinsurance on losses and claims in process of adjustment 15 Net unpaid claims except liability claims 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1426794 un earned premiums 50 per cent 7133 97 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 35 Mortgage on real estate 25000 00 36 Life aggregate 300 00 37 Net capital subscriptions not carried to capital account g 031 25 Total 43 Total amount of all liabilities except capital 7661 00 174621 60 3100 94 100 00 3000 94 3000 94 7133 97 2215 05 1180 82 31331 25 44862 03ComptrollerGenerals Report 701 44 Capital actually paid up in cash 118490 00 45 Surplus over all liabilities 11269 57 46 Surplus as regards policyholders 129759 57 47 Total liabilities 174621 60 Business in Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident and Health 2278 01 Gross losses paid Accident and Health 1666 04 UNITED STATES CASUALTY COMPANY OF NEW YORK Benjamin F Tracy President Edson S Lott Secretary Home Office 141 Broadway New York N Y John H Mullin Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets December 31 of previous year 1919598 57 Extended at 1919598 57 IIIncome 1 Gross premiums unpaid December 31 last year Acci dent 4627767 Health 2222821 Liability 60 96684 Steam Boiler 289117 Burglary and Theft 251484 Sprinkler 531568 workmens collective 41848 total 140612 89 2 Gross premiums written and renewed during the year Accident 73492038 Health 25401007 Liability 57953935 Steam Boiler 5102813 Burglary and Theft 3712289 Sprinkler 4836781 workmens col lective 799390 total 1712982 53 3 Total Accident 78119805 Health 27623828 Liabil ity 64050619 Steam Boiler 5391930 Burglary and Theft 3963773 Sprinkler 5368349 workmens col lective 841238 total 1853595 42 4 Deduct gross premiums now in course of collection Ac cident 3608131 Health 1530035 Liability 68 35024 Steam Boiler 421350 Burglary and Theft 457357 Sprinkler 577613 workmens collective 300047 total 137295 57702 CoMPTBOLLEBGtENEEALs RePOBT 5 Entire premiums collected during the year Accident 74511674 Health 26093793 Liability 57215595 Steam Boiler 4970580 Burglary and Theft 35064 16 Sprinkler 4790736 Workmens Collective 5411 91 total 1716299 85 6 Deduct reinsurance return premiums and cancellations Accident 21787181 Health 10245561 Liability 12491403 Steam Boiler 1444935 Burglary and Theft 498071 Sprinkler 1309131 workmens col lective 136967 total 479132 49 7 Net cash actually received for premiums Accident 52724493 Health 15848232 Liability 44724192 Steam Boiler 3525645 Burglary and Theft 30 08345 Sprinkler 3481605 workmens collective 4 04224 total 1237167 36 18 Total net cash actually received for premiums 1237167 36 20 Gross interest on mortgage loans 3389 57 22 Gross interest on bonds and dividends on stocks 69223 81 23 Gross interest on deposits 4573 39 26 Total gross interest 77886 77 36 Total income 1314354 13 IIIDisbursements 439344 13 Gross amount paid for losses Accident 16687826 Health 6897506 Liability 18147033 Steam Boiler 90097 Burglary and Theft 1093226 Sprinkler 7 45635 workmens collective 273090 total Deduct salvage and reinsurance Accident 634205 Health 22498 Liability 313929 Steam Boiler 29976 Sprinkler 13593 workmens collective 2388 total 10165 89 3 Net amount paid policyholders for losses Accident 16053621 Health 6875008 Liability 17833104 Steam Boiler 60121 Burglary and Theft 1093226 Sprinkler 732042 workmens collective 270702 total 429178 24 4 Investigation and adjustment of claims Accident 24 68091 Health 582712 Liability 4341619 Steam Boiler 67870 Burglary and Theft 72457 Sprinkler 108831 workmens collective 216325 total 78579 05 5 Totals Accident 18521712 Health 7457720 Liabil ity 22174723 Steam Boiler 127991 Burglary and Theft 1165683 Sprinkler 840873 workmens col lective 487027 total 507757 29ComptbolleeGenebals Eepoet 703 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Accident 15841811 Health 4790176 Liability 114 62644 Steam Boiler 858386 Burglary and Theft 823160 Sprinkler 923525 workmens collective 101739 total 19 Stockholders for interest or dividends amount declared during the year 4000000 20 Salaries fees and all other compensation of officers di rectors and trustees and home office employees 21 Salaries traveling and all other expenses of agents not paid by commissions 23 Inspections other than medical 24 Bents 26 Taxes on real estate 27 All othertaxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage telegraph telephone and express 32 Furniture and fixtures 35 All other disbursements viz 36 Miscellaneous i 37 Profit and loss premiums uncollectible 10199 24 607 31 Total 41 Total disbursements 348014 41 39960 00 103797 39 32144 49 18618 99 16992 12 40 38 26173 55 1063 00 1833 30 20595 71 9450 80 8627 22 10806 55 1145875 20 IVLedger Assets 1 Book value of real estate unincumbered 5 000 00 2 Mortgage loans on real estate first liens 153 000 00 4 Book value of bonds excluding interest 110729336 and book value of stocks 733200 total 1840493 36 5 Cash in companys office 15 926 62 6 Deposited in trust companies and banks on interest 24591 96 7 Deposited in trust companies and banks not on interest 48721 49 8 Bills receivable 344 07 13 Ledger assets 2088077 50 NonLedger Assets 14 Interest accrued on mortgages 15 Interest accrued on bonds 2366 38 9394 88 Total 11761 26704 ComptkollebGenerals Eepoet 21 Gross premiums in course of collection viz 22 On policies or renewals issued subsequent to October 1 1907 Accident 3608131 Health 1530035 Liabil ity 6829025 Steam Boiler 420515 Burglary and Theft 457357 Sprinkler 577613 workmens col lective 300047 total 137227 23 23 On policies or renewals issued prior to October 1 1907 Liability 5999 Steam Boiler 833 total 68 34 Total 137295 57 39 Gross assets 2237134 33 Deduct Assets Not Admitted 344 07 41 Bills receivable 45 Gross premiums in course of collection written prior to October 1 1907 68 34 46 Book value of ledger assets over market value 365628 36 47 Beserve for reinsurance in companies not admitted in New York 11288 90 Total 377329 67 553904 86 65461 23 45807 00 14725 00 53 Admitted assets 1859804 VLiabilities 1 Losses and claims reported proofs not received Acci dent 35962 Health 7430 Steam Boiler 50 Burg lary and Theft 1365 Sprinkler 725 workmens col lective 275 total 2 Resisted Accident 13800 Health 625 Steam Boiler 100 Burglary and Theft 200 total 3 Total Accident 49762 Health 8055 Steam Boiler 150 Theft 1565 Sprinkler 725 workmens collec tive 275 total 16 Special reserve for unpaid liability losses 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 110780972 unearned premiums 50 per cent 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 12905027 unearned premiums pro rata 60532 00 124470 64 185002 64 21 Total unearned premiums 619366 09ComptbollebGenebals Bepobt 705 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 1010277 Health 428410 Liability 19 12127 Steam Boiler 117744 Burglary and Theft 128060 Sprinkler 161732 workmens collective 84013 total 26 Salaries rents expenses bills accounts fees etc due or accrued 27 State county and municipal taxes due or accrued 28 Dividends due stockholders 32 Reinsurance 34 Other liabilities viz 35 Additional special reserve for losses 38423 63 6516 21 20000 00 10040 00 5456 09 100000 00 43 Total amount of all liabilities except capital 984804 66 44 Capital actually paid up in cash 45 Surplus over all liabilities 400000 00 475000 00 46 Surplus as regards policyholders 875000 00 47 Total liabilities 1859804 66 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident 1797798 Health 763441 Liability 2392297 Steam Boiler 181895 Burglary and Theft 41652 Sprinkler 29250 workmens col lective 130232 total 53365 65 Gross losses paid Accident 616696 Health 690949 Liability 1796922 Steam Boiler 1570 Burglary and Theft 5988 workmens collective 68645 total 31807 70 UNITED STATES FIDELITY AND GUARANTY COMPANY OP BALTIMORE MARYLAND John R Bland President Geo R Callis Secretary Home Office German Calvert and Mercer Streets Baltimore Maryland William A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1700000 00 2 Amount of ledger assets December 31 of previous year 3417366 01 Etended at 3417366 01 45cg706 ComptrollerGenerals Eepoet HIncome 1 Gross premiums unpaid December 31 last year Fidelity and Surety 31415520 Burglary and Theft 5203305 total 366188 25 2 Gross premiums written and renewed during the year Fidelity and Surety 263311447 Burglary and Theft 36236302 total 2995477 49 3 Total Fidelity and Surety 294726967 Burglary and Theft 41439607 total 3361665 74 4 Deduct gross premiums now in course of collection Fi delity and Surety 35725893 Burglary and Theft 53 02063 total 410279 56 5 Entire premiums collected during the year Fidelity and Surety 259001074 Burglary and Theft 361 37544 total 2951386 18 6 Deduct reinsurance return premiums and cancellations Fidelity and Surety 32715110 Burglary and Theft 9583861 total 422 989 71 7 Net cash actually received for premiums Fidelity and Surety 226285964 Burglary and Theft 26553683 total 2528396 47 18 Total net cash actually received for premiums 2 528 396 47 20 Gross interest on mortgage loans 492 71 21 Gross interest on collateral loans 6495 08 22 Gross interest on bonds and dividends on stocks 75427 60 23 Gross interest on deposits 8 622 13 24 Gross interest from all other sources 148 06 25 Gross rents from companys property in cluding 2000000 for companys occu pancy of its own buildings 35815 30 26 Total gross interest and rents 127 000 88 28 Gross profit on sale or maturity of ledger assets viz Bonds 931 58 29 Gross increase in book value of ledger assets viz Real estate 6714 38 30 From all other sources viz 31 Department guaranteed attorneys 30 108 85 36 Total income 2699134 16ComptrolleeGeneeals Report 707 IIIDisbursements 1 Gross amount paid for losses Fidelity and Surety 80758 Burglary and Theft 7338065 total 994188 23 2 Deduct salvage and reinsurance Fidelity and Surety 15720541 Burglary and Theft 328649 total 160491 90 3 Net amount paid policyholders for losses Fidelity and Surety 76360217 Burglary and Theft 7009416 total 833696 33 4 Investigation and adjustment of claims Fidelity and Surety 9384936 Burglary and Theft 798642 total 101835 78 5 Totals Fidelity and Surety 85745153 Burglary and Theft 7808058 total 935532 11 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Fidelity and Surety 450275 12 16 Burglary and Theft 69039 58 Total 19 Stockholders for interest or dividends amount declared during the year 119000 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 23 Inspections other than medical 24 Rents including 2000000 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 including cost and maintenance of printing plant 31 Postage telegraph telephone and express 32 Furniture and fixtures 33 Gross loss on sale or maturity of ledger assets viz Real estate 2700 32 Total 35 All other disbursements viz 36 Traveling expenses home office account 37 General miscellaneous expenses 4677 16 30259 31 Total 41 Total disbursements 519314 70 119000 00 214685 94 269483 36 12217 94 46221 47 10869 82 8750 56 67688 25 39200 45 31496 65 44497 65 55578 87 7759 11 2700 32 34936 47708 ComptrollerGenerals Eeport IVLedger Assets 1 Book value of real estate unincunibered 2 Mortgage loans on real estate first Hens 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds excluding interest 220120124 and book value of stocks 24955565 total 5 Cash and cheeks in companys office 6 Deposited in trust companies and banks on interest 7 Deposited in trust companies and banks not on interest 10 Due by U S government under construc tion contracts 115737 26 11 Due for subscriptions department guaran teed attorneys 43525 50 517403 88 11750 00 124585 00 2450756 89 39003 21 263280 41 130524 35 Total 13 Ledger assets 159262 76 3696566 50 NonLedger Assets 14 Interest on mortgages 15 Interest on bonds 16 Interest on collateral loans 17 Interest on other assets 18 Bents on companys property or lease 136 66 28152 00 1353 72 750 00 499 99 Total 21 Gross premiums in course of collection viz 22 On policies or renewals issued subsequent to October 1 1907 Fidelity and Surety 32705829 Burglary and Theft 5251741 total 23 On policies or renewals issued prior to October 1 1907 Fidelity and Surety 3020064 Burglary and Theft 50322 total Total 39 Gross assets 45 Gross premiums in course of collection written prior to October 1 1907 47 Stocks and bonds 196321 28 48 Reserve held for account Munich Reinsurance Co 3 557 94 30703 86 30892 37 379575 70 30703 86 410279 56 4137738 43 Total 199879 22 53 Admitted assets g07 155 35ComptrollerGenerals Report 709 VLiabilities 1 Losses and claims in process of adjustment Fidelity and Surety 21752728 Burglary and Theft 644092 total 2 Losses and claims resisted Fidelity and Surety 262 41304 Burglary and Theft 2950 total 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 228330664 unearned premiums 50 per cent 1141653 33 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 47814023 unearned premiums pro rata 251591 67 223968 20 265363 04 489331 24 21 Total unearned premiums 1393245 00 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Fidelity and Surety 67046 95 24 Burglary and Theft 13654 53 Total 27 State county and municipal taxes due or accrued 31 Return premiums 32 Reinsurance 80701 48 30492 41 6470 98 4618 20 43 Total amount of all liabilities except capital 44 Capital actually paid up in cash 1700000 00 45 Surplus over all liabilities 202296 04 2004859 31 46 Surplus as regards policyholders 1902296 04 47 Total liabilities 3907155 35 Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Fidelity and Surety 2736954 Burg lary and Theft 2345 38 total 29714 92 Gross losses paid Fidelity and Surety 1107482 Burglary and Theft 90670 total 11981 52710 ComptrollerGenerals Eepoet UNITED STATES HEALTH AND ACCIDENT INSURANCE COMPANY OE SAGINAW MICHIGAN J B Pitcher President j M Pitcher Secretary Home Office 130 No Washington Ave Saginaw Michigan Harry C Conley 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 605772 77 Extended at IIIncome 1 Gross premiums unpaid December 31 last year Acci dent and Health 2 Gross premiums written and renewed during the year Accident and Health 3 Total Accident and Health 4 Deduct gross premiums now in course of collection Ac cident and Health 5 Entire premiums collected during the year Accident and Health 6 Deduct reinsurance return premiums and cancellations Accident and Health 7 Net cash actually received for premiums Accident and Health 18 Total net cash actually received for premiums 19 Policy fees required or represented by applications 20 Interest on mortgage loans i 605 10 22 Interest on bonds and dividends on stock 21397 98 23 Interest on deposit g74 72 605772 77 13547 75 957629 09 971176 84 50848 52 920328 32 51013 20 26 Total interest 32 From all other sources viz 33 Change of policy fees 869315 12 869315 12 200470 00 23877 80 561 77 38 Total income 1094224 69 HIDisbursements 1 Gross amount paid for losses Accident and Health 409 428 95 2 InvestxgaUcm and adjustment of claims Accident and tlealth 2481 75 3 Totals Accident and Health 411910 70CompteollebGeneeals Bepobt 711 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Accident and Health 190068 39 18 Policy fees retained by agents 200470 00 19 Stockholders for interest or dividends amount declared during the year 3600000 36000 00 20 Salaries fees and all other compensation of officers directors trustees and home office employees 54341 00 21 Salaries traveling and all other expenses of agents not paid by commissions 56186 88 22 Medical examiners fees and salaries 4297 29 24 Eents 18626 63 27 All other taxes licenses and insurance department fees 18358 59 28 Legal expenses 466 65 29 Advertising 846 44 30 Printing and stationery 15129 76 31 Postage and express 15696 87 32 Furniture and fixtures 7982 36 37 All other disbursements viz 38 General expense 405185 office supplies 85845 total 4910 30 39 Agents balances 61802 repairs office building 107964 total 1697 66 Total 6607 96 46 Total disbursements 1038989 52 IVLedger Assets 2 Mortgage loans on real estate first liens 11300 00 4 Book value of bonds excluding interest 568948 67 5 Cash in companys office 208918 deposited in banks 7633009 total 78419 27 10 Home office rent paid in advance 2340 00 11 Ledger assets 661007 94 NonLedger Assets 12 Interest on mortgages 149 66 13 Interest on bonds 8o1 89 Total 823155 19 Cross premiums in course of collection viz 20 Cn policies or renewals issued subsequent to October 1 1907 Accident and Health 50848 52 720088 01 37 G ross assets v712 ComptbollebGeneeals Eepobt Deduct Assets Not Admitted 44 Book value of ledger assets over market value viz 45 Bonds VLiabilities 1 Losses and claims in process of adjustment Accident and Health 2 Losses and claims reported proofs not received Acci dent and Health 3 Losses and claims resisted Accident and Health 4 Total losses and claims Accident and Health 18 Total unpaid claims and expense of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 12647269 un earned premiums 50 per cent 63 236 34 25796 67 1651 83 54440 00 3455 00 59546 83 59546 83 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident and Health 26 Salaries rents expenses taxes bills accounts fees etc due or accrued 27 Dividends due stockholders 31 Beinsurance 32 Advance premiums 100 per cent 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 300000 44 Surplus over all liabilities 22504 43 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Accident Gross losses paid Accident 63236 34 21494 29 1000 00 17386 30 1734 22 4388 93 168786 91 525504 43 694291 34 18454 29 13685 19CompteolleeGenerals Eepoet 713 UNITED SURETY COMPANY OF BALTIMORE MARYLAND Henry G Penniman President Robert A Dobbin Jr Secretary Home Office 15 South Street Baltimore Maryland James L Riley Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets December 31 of previous year 666838 93 IIIncome 1 Gross premiums unpaid December 31 last year Fidelity 408655 Surety 2012061 660046 total 30807 62 2 Gross premiums written and renewed during the year Accident and Health 246775 Fidelity 4231948 23041544 Plate Glass 244785 Burglary and Theft 5765082 total 335301 34 3 Total Accident and Health 246775 Fidelity 46 40603 Surety 25053605 Plate Glass 244785 Burg lary and Theft 6425128 total 366108 96 4 Deduct gross premiums now in course of collection Ac cident and Health 160325 Fidelity 794428 Surety 4940968 Plate Glass 164269 Burglary and Theft 1340785 total 74007 75 5 Entire premiums collected during the year Accident and Health 86450 Fidelity 3846175 Surety 201 126 37 Plate Glass 80516 Burglary and Theft 50 84393 total 29210121 6 Deduct reinsurance return premiums and cancellations Accident and Health 9345 Fidelity 424275 Surety 2284762 Plate Glass 12847 Burglary and Theft 1262332 total 39937 61 7 Net cash actually received for premiums Accident and Health 77105 Fidelity 34219 Surety 17827675 Plate Glass 67669 Burglary and Theft 3822011 total 25216360 18 Total net cash actually received for premiums 252163 60 20 Interest on mortgage loans 62 16 22 Interest on bonds and dividends on stock 7000 00 23 Interest on deposit 3649 56 24 Interest from all other sources 3559 40 25 Gross rents from companys property in cluding 10000 for companys occupancy of its own buildings 12980 87 26 Total interest and rents 27251 99 714 ComptrollerGenerals Eepoet 32 From all other sources viz 33 Collateral loan of Ernest J Keeabe Jr in lieu of cash to be deposited to sur plus Collateral held by B F Crouse insurance commissioner of Maryland 60000 00 37 Suspense Account g2 65 Total 38 Total income IIIDisbursements 1 Gross amount paid for losses Accident and Health 50 Fidelity 375043 Surety 4435441 Plate Glass 22969 Burglary and Theft 795362 total 2 Deduct salvage and reinsurance Fidelity 85768 Surety 2035170 Burglary and Theft 11716 total 3 Net amount paid policyholders for losses Accident 50 Fidelity 289275 Surety 2400271 Plate Glass 22969 Burglary and Theft 783646 total 4 Investigation and adjustment of claims Fidelity 1640 Surety 151666 Burglary and Theft 80163 total 5 Totals Accident and Health 50 Fidelity 2909 15 Surety 2551937 Plate Glass 22969 Burglary and Theft 863809 total 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes 15 Accident and Health 22461 Fidelity 904641 Surety 5236826 Plate Glass 29974 Burglary and Theft 1222714 total 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 24 Rents including 10000 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 36 Other assets 60812 65 340228 24 56338 15 21326 54 35011 61 2334 69 37346 30 74166 16 38837 50 46285 77 10000 00 4681 31 3731 50 17004 39 22130 97 6052 92 10003 20 4822 02 1975 01 145 50ComptrollerGenerals Eeport 715 37 All other disbursements viz 38 Traveling expense 9669 79 39 General expense 2990 81 Total 12660 60 46 Total disbursements 289843 15 IVLedger Assets 1 Book value of real estate unincumbered 250000 00 2 Mortgage loans on real estate first liens 6000 00 3 Loans secured by pledge of bonds stocks or other col laterals 60000 00 4 Book value of stocks 207000 00 5 Cash in companys office 198966 deposited in banks 6605456 total 68044 22 6 Collateral notes purchased 98550 00 7 Other ledger assets viz 8 Due from Ind and corporations 11648 70 9 Due from National bank 4500 00 10 Windsor Trust Co proportionate interest in special de posit to credit of committee in charge of excise bond syndicate n481 10 11 Ledger assets 717224 02 19 Gross premiums in course of collection viz 20 On policies or renewals issued subsequent to October 1 1907 Accident and Health 156075 Fidelity 7 51599 Surety 4404894 Plate Glass 149462 Burg lary and Theft 1250576 total 67126 06 21 On policies or renewals issued prior to October 1 1907 Accident nd Health 4250 Fidelity 42829 Surety 536074 Plate Glass 14807 Burglary and Theft 90209 total 6881 69 Total 7400775 34 Other nonledger assets viz 35 Open reinsurance account 88962 83 37 Gross assets 880194 60 Deduct Assets Not Admitted 42 Loans on personal security endorsed or not 11648 70 43 Gross premiums in course of collection written prior to October 1 1907 6881 69 Total 18530 39 51 Admitted assets 861664 21716 ComptbollebGtenebals Repobt VLiabilities 1 Losses and claims adjusted Accident and Health 2 Losses and claims in process of adjustment Accident and Health 147642 Surety 5665 Plate Glass 3272 Burglary and Theft 780 total 3 Losses and claims reported proofs not received Acci dent and Health 49874 Surety 1500 Burglary and Theft 306375 total 4 Losses and claims resisted Surety Theft 1000 total 750 Burglary and 6 Total Fidelity 197516 Surety 14415 Plate Glass 3272 Burglary and Theft 484375 total 18 Total unpaid claims and expenses of settlement 19 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 28346190 un earned premiums 50 per cent 141 730 95 20 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1327548 unearned premiums pro rata 9 364 87 21 Total unearned premiums 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued sub sequent to October 1 1907 viz 23 Accident 52025 Fidelity 177899 Surety 11012 23 Plate Glass 49821 Burglary and Theft 4168 58 total 30 Beturn premiums 31 Beinsurance 33 Other liabilities viz 34 Suspense account 42 Total amount of all liabilities except capital 43 Capital actually paid up in cash 500000 00 44 Surplus over all liabilities 162 060 63 45 Surplus as regards policyholders 46 Total liabilities Business in State of Georgia During 1907 Gross premiums received on risks written or renewed dur ing the year Fidelity 145491 Surety 1376 34 Burglary and Theft 53486 total Gross losses paid Burglary and Theft 1500 00 7954 14 5062 49 6780 00 21266 63 21266 63 151095 82 17978 26 7662 54 787 68 821 65 199603 58 662060 63 861664 21 3366 11 221 67ComptrollerGenerals Eeport 717 WOODMENS CASUALTY COMPANY OF INDIANAPOLIS IND W A Northcott President W A Orr Secretary Home Office 419 State Life Building Indianapolis Ind Wm A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets February 1st of previous year Extended at 5127 46 105127 46 IIIncome 5 Entire premiums collected during the year 132477 49 2 Deduct reinsurance return premiums and cancellations 116 79 3 Net cash actually received for premiums 19 Policy fees required or represented by applications 20 Gross interest on mortgage loans 21 Gross interest on collateral loans 30 From other sources Agents bonds 3000 correction of error in adjustment of stock reduction 1000 total 132360 70 98 70 4298 25 30 00 30 00 36 Total income 136809 65 IIIDisbursements 1 Gross amount paid for losses Accident 2755291 Health 1891227 total i6A65 18 14 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and Health 41416 43 20 Salaries fees and all other compensation of officers di rectors trustees and home office employees 24 Rents 26 Taxes on personal property 27 All other taxes licenses and insurance department fees 28 Legal expenses 29 Advertising 30 Printing and stationery 31 Postage telegraph telephone and express 35 All other disbursements 36 General expenses 37 Agents balances charged off 38 Interest 41 Total disbursements 14221 86 830 50 45 00 1810 91 103 60 494 65 3607 84 1841 65 702 44 250 03 362 00 113152 68 718 ComptrollerGenerals Report IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds excluding interest 5 Cash in companys office 6 Deposited in trust companies and banks on interest 9 Other ledger assets viz 10 Agents balances 11 Furniture and fixtures NonLedger Assets 14 Interest accrued on mortgages 15 Interest accrued on bonds 1077 25 66 66 39 Gross assets Deduct Assets Not Admitted 42 Furniture and fixtures 47 Agents balances 1366 40 36 30 53 Admitted assets VLiabilities 1 Losses and claims reported proofs not received 18 Total unpaid claims and expenses of settlement 33 Advance premiums 100 per cent 34 Other liabilities 35 Monthly premiums written from December 15 1907 to December 31 1907 36 Monthly premiums paid in December for month of Janu ary 1908 43 Total amount of all liabilities except capital 44 Capital actually paid up in cash 100000 00 45 Surplus over all liabilities 9293 24 46 Surplus as regards policyholders 47 Total liabilities Business in the State of Georgia During 1907 Gross premiums received on risks written or renewed during the year Gross losses paid 115600 00 4936 JO 32 21 6813 52 36 30 1366 40 13 Ledger assets 128 784 43 1143 91 129928 34 1402 70 128525 64 3940 00 3940 00 13676 50 591 25 1024 65 19232 40 109293 24 128525 64 465 87 458 07 Table No 1 Showing Business done by Fire Insurance Companies in this State for the year ending April 30th 1907720 ComptbolleeGenebals Eepoet M a 3 c CO rH PS rn 0 fc 2 m 4 j t 3 O H a c3 ft s o O a cc be c a i a S a 1 OS CM icOCM00CMTfHrHUt OiOOOOiCOCO ICrOOlOCMCOt OiOiOojhO rHrHcMICOCOCD cm NOiOOilOOCOONCO CMCOCMCOtCOOOCOTtH CO 00 00 Tt HH CD t 0 CO O CD rH IfO 00 CM Oi rH CM CM rji rH CD CM CM rH 11 11 1 00 rH IQ t Oj 1 00 rji Oi CD r 1 t rH t co 1 t lO CN 1 CM OOrHCM rH i Fees from Jan 1 1908 to Jan 1 O 03 rH OOOOOOOOOOOOOOOOOOooOr5crit cCOOOCN0CDCOOOOO00000 SSSSSlHCOcoccOOCNi5fiOOCDOOOCDCDIN COCOOSCDCSCCtrHMOOOCOlNrHtOuiroTOCNcNCDSSScO rH 1IHHCNH rH rH CM CM CO rH rH H CO CO w CO K c3 CO rv Hit 515 00 3285 75 617 97 12285 84 3100 65 1188 00 57 97 365 00 12130 18 29 10 104 84 3955 24 33 00 33 97 1300 88 609 60 1607 94 107 29 00 T3 CO co oj 9Ph H CO CO N CO CNCNCOOlOTtoo CONHONO00 OCOICHHOSIOOO MIONOiOCDOlO lOCNOO Oi CO 00 CO rHHTcDcNrrricrooo rH OH rHCM CD P 00 00 f CO O Oi iCMO CC TP H Oi Til rf o T ICOCO Oi O GO 00 00 tP Wi o I O OCOtCOtrHCM 1 CO CO ucOCO lO Tt h to I O O rn co t Oi co co co ucTco rH rH CO 2228 32 33267 85 47839 09 1719 27 3009 82 Total Premiums Collected on Old and a CO CO rH OS cm CMCOCDCOrH OCMrHCOOiCOCOO COCN00O3CMrHlO OiOOOOlTjicOQO iO Tfi 00 rJH 0 CM CO t TjT Co irs uT tjT of rn rHHrHCNCOCOCD CM CO00rJiOCDlOOiCOOOO COOiOOOCOrJIrHCOOCDCM COCOOiOOi0OCMOCDCD CMCOCMCOtCDriricO 00 001 Tfl O ON OcocDrHtf300CNr rT NCNhhcO CM CM rH it rH 27788 01 85141 28 110995 96 29797 00 12369 18 Old Business of Previous Years now in co o r4 o Amount of Insurance Written During the Year o o o CO m CO rH 682552 00 2381784 00 909929 00 1588171 00 16498800 00 iOO IOO I CD Oi I 00 1 coio lO co lO o tco Hco ooooooooooo ooooooooooo 03MIOQONIOOOOCOO HOCOHNNNOOONCN COtOOCMTtiCOOOt C h tcorHooGcu3trco CO CO CO rH CO N N rIN CO t CMCO CM CM TfilQ TrTcN rH rH 1700530 00 5596283 00 7425146 00 1800061 00 522064 00 m H 72 H Oi rlcj Pennsylvania Missouri New JerseyNew York Connecticut Georgia England Georgia Florida Massachusetts Canada Scotland Missouri England New York New York Connecticut Pennsylvania North Carolina South Carolina New Jersey New York Pennsylvania California New JerseyFlorida Ph a o o h o w s 00 j i o 3 rSrC T3 CO Alliance American Central American Agricultural Aetna Athens Mutual Atlas Assurance Atlanta Home Blue Ridee Boston British America Caledonian Citizens Commercial Union Continental Cosmopolitan Connecticut Delaware Dixie Equitable Federal Fidelity Fire Association Firemans Fund Firemans Florida Home 5 Georgia Home Georgia Girard German Alliance German American Germania Glens Falls Globe Rutgers HamburgBremen Hanover Hartford Home Insurance Co of Pa Insurance Co of N America Jefferson Liverpool London Globe Liverpool London Globe London Assurance London Lancashire Lumber Mutual Lumber Insurance Co Michigan Commercial Mercantile Mutual Milwaukee Mechanics National National Union Niagara New Brunswick New Hampshire Norwich Union North British Mercantile Northern Assurance North River North State Orient Palatine Pennsylvania Phoenix Assurance Georgia Georgia Pennsylvania New York New York New York New York New York Germany New York Connecticut New York Pennsylvania Pennsylvania Pennsylvania England New York England England Massachusetts New York Michigan Rhode Island Wisconsin Connecticut Pennsylvania New York New Jersey New Hampshire England England England New York North Carolina Connecticut England Pennsylvania England 999634 1603888 7693590 3458965 2987050 2111684 1511643 3310705 20544574 18572548 27868446 1134060 18299149 1645731 1338 244 4954774 239025 134658 973621 1447354 823926 4798401 2788018 00 2201516 4929807 5916382 4159232 1393305 451473 1914581 2751345 3608508 2997055 75839 00 27447 56 16559 36 28418 15 113497 03 54481 39 47564 59 37448 42 24924 70 34828 31 289314 51 172647 65 230687 35 25204 86 258366 22 21409 48 17778 44 55698 24 7012 87 2828 03 14505 30 9742 99 13726 00 54973 98 24972 79 28689 97 34541 35 59467 31 65466 53 47300 42 25644 14 8776 19 29164 58 47118 79 70176 25 25268 47 29743 00 1299 84 1137 64 9708 15 63262 26 24927 88 27598 83 7380 27 3350 26 23436 23 175373 05 125278 68 110583 95 7910 98 130630 83 7839 00 5749 71 31374 01 589 97 649 29 4859 68 784 56 6328 56 28919 37 11406 72 9296 53 11287 94 31082 58 33916 82 6200 10 14259 70 3265 45 8494 81 9892 51 54000 50 22615 14 3198 00 50 00 1670 00 6426 00 3406 05 1950 00 6806 96 25 00 2433 68 10609 25 22772 91 1659 05 2380 66 32590 59 577 00 398 40 632 16 481 47 1105 00 22 50 1196 29 1793 74 2246 50 205 00 50 00 800 22 822 50 317 00 339 20 758 39 238 40 274 47 104 00 165 59 144 80 284 18 424 60 1134 97 166 40 544 81 200 00 475 64 56 00 374 48 99 20 249 25 147 20 348 28 850 40 2893 14 351 20 1726 48 53 60 461 60 2306 87 235 05 252 04 514 40 2583 66 48 80 214 09 99 20 177 78 178 40 556 98 34 40 70 12 36 80 28 28 132 80 145 05 32 00 97 43 63 20 137 26 161 60 549 74 181 00 249 73 113 60 286 90 116 00 135 20 345 41 351 20 594 67 183 60 654 67 120 80 473 00 65 60 256 44 68 00 87 76 104 00 291 65 118 40 471 18 284 00 701 76 152 00 252 68 o o K H a o e H W Q H b o H toTABLE No 1Continued NAME OF COMPANY Phoenix Phoenix Queen Queen City Rochester German Royal Royal Exchange Scottish Union National Seaboard Security Shawnee Southernn Southern Mutual Southern Springfield St Paul Sun Insurance Office Sun U S Lloyds United Firemens Virginia State Western Assurance Westchester Williamsburgh City Total STATE New York Connecticut New York Iowa New York England England Scotland Texas Connecticut Kansas Virginia Georgia Louisiana Massachusetts Minnesota England Louisiana New York Pennsylvania Virginia Canada New York New York Amount of In surance Writ ten During the Year Old Business of Previous Yearsnow in Force 12609792 6657261 6754518 1838968 6729031 1224868 3636981 254955 762726 35185894 924498 3347267 3549973 2482718 3069440 1819655 453143 1851862 3510434 3162371 2517605 Total Premi urns Col lected on Old and New Busins 204206 79 78554 81 122753 74 31940 54 100470 41 20895 00 38788 86 5019 94 14377 23 341400 26 16247 28 58124 55 59818 65 43320 29 55797 96 7241 27 8156 58 37778 77 35088 11 42577 58 40570 75 Losses Paid 112501 08 27407 91 76316 33 19828 73 68983 69 6954 62 13221 12 3293 77 4153 27 72753 55 4002 84 17619 22 18326 66 11675 29 20219 43 259 49 2853 89 30498 23 22508 54 16963 56 17803 40 Losses Unpaid 9688 50 3451 54 6411 95 1518 31 10035 23 138 91 1927 43 50 00 104 58 800 00 2776 46 7578 69 1183 86 164 68 10 00 500 00 1750 00 612 50 6688 85 255 80 Fees from Jan 1 1908 to Jan 1 1909 334459580 6514651734 69 2059941 52 203581 38 15525 65 46517 16 432 80 351 20 335 60 32 00 120 80 322 40 70 40 209 60 106 40 58 40 116 40 159 20 108 80 56 00 147 20 210 20 89 60 212 00 41 60 120 80 279 20 144 80 209 60 197 60 Tax on Premi 2042 06 785 54 1227 54 319 41 1004 70 208 95 387 89 50 19 143 77 3414 00 162 47 581 24 598 18 433 20 557 97 72 41 81 56 377 78 350 88 425 78 405 71 to to O o g H W O W Q H IS W E o w H Total Fees and Tax 62042 81 Tax Paid by Receivers of Traders Insurance Company 81 14Showing Business done b Lif TABLE No 2 Insurance Companies in this State for the Year ending April 30th 1908 NAME OP COMPANY American NationalLife Aetna American National Citizens Columbian National Connecticut National Des Moines Empire Equitable Fidelity Mutual Franklin Great Western Great American Greensboro Germania Guarantee Home Illinois Jefferson Standard Life Insurance Co Louisiana National Manhattan Maryland Massachusetts Mutual Meridian Metropolitan Michigan Mutual Missouri State STATE Virginia Connecticut Texas Kentucky Massachusetts Connecticut Iowa Georgia New York Pennsylvania Illinois Kansas Missouri North Carolina New York Texas New York Illinois North Carolina Virginia Louisiana New York Maryland Massachusetts Indiana New York Michigan Missouri Amount of In surance Writ ten During the Year 371000 00 894504 00 348000 00 491000 00 267000 00 141000 00 452000 00 6046500 00 468200 00 457225 00 253500 00 Old Business of Previous Years now in Force 5412188 00 75500 00 31500 00 11000 00 283000 00 839000 00 512250 00 1311659 00 120 71 2485700 00 13207576 00 2554494 00 2014083 00 Total Premi ums Col lected on Old and New Busins 768724 00 1664859 00 17466666 139500 00 905596 00 857500 00 5930200 00 609130 43 141500 001 1251729 00 1106855 00 10225 79 173452 96 12761 06 38521 98 20196 60 4868438 3392 80 244538 45 473262 60 99310 00 81100 93 Losses Paid 111475 80 12166 67 23880 00 30100 00 182581 78 42615 00 25427 46 1213088 00 268872766 479009 00 7032810 00 614000 00 14315459 00 1224600 04 387150 00l 28660 03 1263 56 43593 08 37885 27 5000 00 88742 45 8734992 20142 35 284059 39 50435 06 605720 17 57224 80 14631 30 6032 51 24919 00 19724 28 75541 66 65615 00 6000 00 163125 34 25054 47 Losses Unpaid 1000 00 38542 20 4000 00 Fees from Jan 1 1908 to Jan 1 1909 3000 00 1000 00 375 00 2451 00 32 00 82 80 70 40 56 00 32 00 46 80 34 40 176 00 72 80 34 40 36 80 32 00 39 20 18 00 51 20 75 20 41 60 63 20 51 20 125 60 32 00 48 80 39 20 58 40 53 60 452 00 32 00 32 00 Tax on Premi iums 102 25 1734 53 127 61 385 22 201 96 486 84 33 93 2445 38 4732 63 993 10 811 01 286 60 to Q o H W o p p w O 12 64 w 435 93 O 398 85 W 887 42 H 873 50 201 42 2840 59 504 35 6057 20 572 24 146 31 Mutual Benefit Mutual National National New England Mutual New York Northwestern Mutual Northwestern National Pacific Mutual Philadelphia Prudential Penn Mutual Phoenix Mutual Reliance Reserve Loan Ridgely Protective Assn Security Security Security Mutual Southern State Mutual State State Mutual Southern States Southern States Mutual South Atlantic Sun Travelers Union Central Union Mutual Volunteer State Washington Total New Jersey New York U S A Illinois Vermont Massachusetts New York Wisconsin Minnesota California Pennsylvania New Jersey Pennsylvania Connecticut Pennsylvania Indiana Massachusetts Illinois North Carolina New York North Carolina Georgia Indiana Massachusetts Alabama West Virginia Virginia Canada Connecticut Ohio Maine Tennessee New York Total Fees and Tax 86110 94 Overpayment Refunded 1404500 00 1714549 00 341975 75 2212068 00 269288 00 2207064 00 2226000 00 5845757 00 1163570 00 3270138 00 186000 00 601955 00 103500 00 102500 00 546500 00 107000 00 7102260 00 664250 00 180500 00 3131533 00 94500 00 6000 00 375850 00 374306 00 1387792 00 43129 13 675000 00 17500 00 57368791 31 9916717 00 22588467 00 1099136 29 1997164 00 2317626 00 16200958 00 375134 75 867467 33 43482 25 101938 42 84038 43 758671 75 462173 10 1093785 00 21000 00 9032036 00 22422984 00 1462500 00 685050 00 464867 00 4000 00 312000 00 2231832 00 6605934 00 4590290 00 1111100 00 1620500 00 75000 00 2560200 00 4269366 00 7333891 00 384308 27 380000 00 666357 00 180888270 31 61596 85 923 58 351370 15 805711 19 58109 86 52299 62 29900 38 2829 79 24170 35 60243 71 468654 81 159167 23 38281 13 200029 37 1871 51 2053 39 71016 28 186923 75 305974 83 16289 27 27058 76 23548 13 8168084 90 140737 65 482860 00 21500 00 28000 00 29009 00 323307 50 137431 00 31244 62 94573 69 311312 00 18000 00 30500 00 6000 00 3000 00 29179 75 48900 00 34500 00 250 00 31500 00 66250 00 119059 02 74856 42 5000 00 3068 00 2966297 96 15000 00 23173 00 2000 00 49042 83 2190 00 27000 00 4974 00 5000 00 7000 00 2000 00 5000 00 692748 03 172 80 94 40 53 60 111 20 56 00 243 20 220 40 29 40 32 00 39 20 116 00 137 60 36 80 32 00 34 40 34 40 32 00 32 00 53 60 51 20 149 60 48 80 41 60 60 80 36 80 36 80 51 20 164 00 65 60 34 40 36 80 32 00 4290 20 3751 35 8674 67 434 82 1019 38 840 38 7586 71 4761 73 615 97 9 24 3513 70 8057 11 581 09 523 00 299 00 28 29 241 70 602 44 4686 54 1591 67 382 81 2000 29 18 71 20 53 710 16 1869 24 3059 75 162 89 270 58 235 48 81820 74 a o g H W O g H W Q H o w 3 tof for the Year ending April 30th 1908 NAME OF COMPANY American Fire American Assurance Industrial Atlanta Mutual Association Bankers Health and Life Continental Aid Association Cherokee Mutual Fire Farmers Mutual Fire Farmers Cooperative Fire Farmers Mutual Fire Farmers Protective FireI Fire Insurance Co of Georgia Gate City Fire Georgia Cooperative Fire Georgia Mutual Protective Life German Mutual Fire Ginners Mutual Fire Great American Cooperative Great Southern Home Indl Life Guaranty Aid and Relief Society Home Friendly Society Industrial Life and Health Live Stock Owners Protve Assn Merchants Mutual Fire Mutual Benefit Life Mutual Benefit Industrial Life Mutual Life Industrial Life Mutual Fire Mutual Fire Indemnity STATE Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Alabama Georgia Maryland Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Amount of In01d Business surance Writj of Previous ten During Years in the Year Force 333290 00 173687 00 580574 00 578191 50 148000 00 317010 00 209565 00 763309 00 30000 00 826913 00 276004 00 49950 00 Total Premi ums Col lected on Old and New Busins 531640 00 240007 65 22818 25 340 00 47789 70 271460 00 569476 00 7644 07 14231 70 48971 00 55186 45 36115 28 740 00 6817 03 3816 57 150 00 4134 50 1380 00 1545 10 Losses Paid 1231 27 6541 91 29198 10 18120 50 16262 00 4597 96 6624 00 1511 40 178 00 625 00 25 00 89243 00 436640 00 118000 00 1200 00 31859 80 4875 00 600 00 7307 75 11340 96 307 66 2054 15 14666 40 26007 60 274208 30 10337 41 40903 78 10388 17 1421 00 515 09 2225 76 2023 52 4940 22 17289 35 111882 65 1956 55 4773 25 20 00 Losses Unpaid Fees from Jan 1 1908 to Jan 1 1909 698 00 500 00 12765 00 51 20 32 00 120 80 32 00 32 00 34 40 34 40 32 00 44 00 48 80 36 80 34 40 32 00 46 40 34 40 41 60 41 60 39 20 60 80 116 00 15 60 44 00 44 00 41 60 41 60 53 60 Tax 76 44 142 32 489 71 551 86 361 7 68 38 1 41 15 40 17 16 50 34 13 80 15 45 73 08 113 41 3 08 20 54 146 66 260 07 2742 08 102 41 409 03 52 62 14 21 3 to OS a o K 3 H w O f b fed W fed fed td W fed 3 o w HNew South Mutual Life Pilgrims Health and Life Provident Life and Accident State Mutual Fire Sterling Mutual Life South Georgia Farmers Fire Southeastern Mutual Fire Southern Life and Health Southern Life Sunlight Fire Southern Mutual Life Assn Union Mutual Association Union Benefit Association Union Fire Georgia Georgia Tennessee Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Western AssuranceGeorgia 557 00 230965 00 720 00 8617 00 335202 00 155078 00 197612 00 221917 00 291186 00 2523 00 27061 20 2117 90 466 00 366525 00 37511 00 367099 00 415410 00 4066 00 43 08 6949 26 12669 25 6677 40 62507 50 70785 60 3385 00 Total 7238102 90 2043306 80 778160 07 342838 14 14196 00 126 00 15340 75 617 70 1698 00 1354 00 4331 11 3923 00 457 25 46020 00 37428 80 233 00 32 00 70 40 34 40 32 00 39 20 36 40 56 00 9 40 32 00 32 00 29 20 89 60 32 00 32 00 39 20 25 23 270 61 21 18 40 66 45 34 71 126 70 66 78 625 08 707 85 33 85 1781 01 7697 62 Q o K H W O f b M W Q M H W Total Tax and Fees 9478 63 o H 3 to 1TABLE No 4 Showing Business done by Accident Marine and Surety Companies in this State for the Year ending April 30th 1908 1 to oo NAME OF COMPANY Aetna Indemnity Co Aetna Accident and Liability Co American Bank Insurance Co American Casualty Co American Surety Co American Bonding and Trust Co American Credit Indemnity Continental Casualty Co Empire State and Surety Co Employers Indemnity Co Employers Liability Co Fidelity and Casualty Co Federal Casualty Co Fidelity and Deposit Frankfort Marine Accident Co General Accident Great Eastern Casualty Co Guarantee Co of N A Hartford Steam Boiler Co Lloyds Plate Glass London Guarantee and Acct Co Maryland Casualty Co Massachusetts Bonding Co Metropolitan Casualty Co Metropolitan Surety Co National Surety Co National Life and Accident Co National Casualty Co STATE Connecticut Connecticut Minnesota Pennsylvania New York Maryland New York Indiana New York Pennsylvania England New York Michigan Maryland Germany Scotland New York Canada Connecticut New York England Maryland Massachusetts New York New York New York Tennessee Michigan Amount of In surance Writ ten During the year 4490763 00 7173850 00 551 38 8298871 00 Old Business of Previous Years now in Force 53 75 96500 00 263510 00 724000 00 Total Premi ums Collect ed on old and new Busins Losses Paid 11937 10 50758 16 j 1099 88 23327 04 Losses Unpaid 2493750 00 4225285 00 351560 00 173800 00 1998161 00 12391 00 8476425 00 409650 00 3888900 00 48090 00 3877210 00 197000 00 12049 21 52935 00 339 13 17605 64 16650 81 6737 50 7269 87 4142 48 233 22 12848 39 6822 64 22668 75 91213 74 7354 91 31570 11 6301 47 34225 88 2303 56 753 30 12049 21 1534 33 16847 94 93190 59 2231 49 1006 00 15769 52 1430 00 13050 34 1729 00 1895 20 9114 33 64192 67 2932 30 8977 59 2439 51 17629 22 684 42 2607 55 864 08 635 10 6722 21 43780 89 4469 47 9 60 3399 90 653 10 864 12 11457 80 3724 47 422 84 Fees from Jan 1 1908 to Jan 1 1909 234 28 6085 00 375 00 1478 26 4387 89 675 00 90 98 3000 00 374 00 l4 931 66 16 66 Tax 25 35 119 37 48 80 507 58 34 40 44 00 3 39 176 00 176 06 51 20 166 50 39 20 67 36 75 20 72 70 77 60 41 42 34 40 87 60 226 69 137 60 912 14 51 20 73 55 60 80 315 70 39 20 63 01 75 20 342 26 41 60 23 04 34 40 7 53 147 20 120 49 51 20 15 34 1 46 40 168 47 94 40 931 90 32 00 65 60 157 70 32 00 14 30 152 00 130 5n 17 2n 18 9 36 80 34 40 Q o o p M W Q W o w HNew York Plate Glass Co North American Accident Co Ocean Accident Co Pennsylvania Casualty Co Philadelphia Casualty Co Preferred Accident Co Rome Industrial Co Standard Accident Co Thames and Mersey Marine Co Title Guaranty and Surety Co Travelers Indemnity Co Travelers Accident United American Accident Co United States Casualty Co U S Fidelity and Guaranty Co U S Health and Accident Co United Surety Woodmans Casualty Co General Accident Co Total New York Illinois England Pennsylvania Pennsylvania New York Georgia Michigan England Pennsylvania Connecticut Hartford Pennsylvania New York Maryland Michigan Maryland Indiana Pennsylvania Total Tax and Fees 10943 92 Company withdrawn 1570600 00 1469500 66 352275 00 1256977 50 1882700 00 1789474 00 22950000 00 8577179 91 1008750 00 1781131 00 449400 00 Ir22O5O6O0 2788850 00 Tiii43 66 51142 52 85744644 79 8710284 48 2379 05 13958 94 37877 23 15239 21 4068 16 8398 25 7557 77 18546 57 4986 40 4518 33 262 10 104892 69 3352 78 51142 52 37714 32 17631 12 7515 86 942 91 1284 75 811598 50 2716 21 5447 09 18233 99 8416 12 6032 10 2800 84 7628 72 5320 00 5996 18 43793 08 2273 84 26401 33 7044 39 13373 20 1083 64 725 69 351558 73 13 24j 298 36 9690 00 1746 00 28 03 100 00 10000 00 3320 00 15155 32 1121 40 37 00 69606 18 78 40 46 40 39 20 46 40 51 20 41 60 113 60 125 60 34 40 39 20 41 60 51 20 77 60 149 60 58 40 68 00 34 40 23 79 139 58 378 77 152 39 40 68 75 58 185 47 49 86 45 18 2 62 048 93 33 53 511 44 377 14 176 31 64 58 9 43 12 85 2922 55 8021 37 O o g H W O r w Q W w F r M o w H 3 to NAME OF COMPANY American Mutual Benefit Association American Woodmen Catholic Knights of America Citizens Mutual Benefit Society Columbian National Eminent Hsehold ColumbianWoodmen farmers Home Beneficiary Farmers Mutual Life Protective Farmers Life Confederation Foresters Fraternal Union of America Fraternal Relief Association Fraternal Bankers Fraternal Life Association Fraternal Mystic Circle Heptasophs Home Friend Heralds of Liberty Homesteaders STATE Colorado Kentucky Georgia Georgia Georgia Canada Colorado Virginia Illinois Georgia Pennsylvania Maryland Georgia Alabama Knights of Honor m KnilhtsofAgricufture MS8Un Keystone Guard Knights of Columbus Knights of Modern Maccabees Knights of Pythias Ladies of the Maccabees Legion of Red Cross Masons Annuity Modern Brotherhood of America Modern Workmen of the World National Benevolent Society I Missouri District of Columbia Connecticut Michigan Illinois Michigan Delaware Georgia Iowa Assets 4948 46 872797 48 86593 69 580468 li47566661 290230 62 17970 82 4049 53 385897 92 946533 04 30268 29 20407 21 369625 87 1287 65 209718548 482927 14 2086312 62 3023975 34 18005 82 168649 19 681748 89 24646 18 32019 23 Liabilities 2145 60 33949 55 515905 874989 05 249784 46 5000 00 148 50 166753 41 267675 00 11503 22 2290 20 593276 76 96000 00 113702 23 175152 11 143514 37 1500 00 89821 09 Income 8305 10 752563 73 355 00 13424281 25105 99 433334648 397937 78 29948 30 6678 60 16995 38 581835 17 1480956 64 790 00 63775 17 78133 22 2636803 33 4208 84 975972i5 1374637 75 2510 59402 1645882 29 47408 01 103363 86 980010 77 30502 99 84953 36 Expenditures 8422 40 742713 21 355 00 8L47069 2210458 32574732 382185 08 32927 01 4729 07 15924 74 544437 82 1432435 92 753 70 52780 79 62095 48 2639313 40 3657 72 6T68o381 1384936 49 2147622 38 1044977 33 55529 87 57558 25 905121 44 21825 63 82739 51 Fees 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 co Q o g H w o t1 w 6 w t1 go w o u PINational Fraternal League National Life and Annuity National Protective Legion National Union Fraternal Life North American Union Old Dominion Protective Peoples Mutual Benefit Association Retail Merchants Association Royal Arcanum Royal Benefit Society Royal Fraternal Union Southern Protective Association Sailors Senate National Union Southern Benevolent Life United Commercial Travelers United Benevolent Society Union Fraternal Association United Protective Association Total Pennsylvania Georgia New York Georgia Illinois Virginia Georgia Massachusetts Dist of Columbia Missouri Georgia Tennessee Georgia Ohio Georgia Mississippi Georgia 2575 62 6376 93 2659591 04 1617 44 557276 80 7327 17 957 10 5428362 14 22609 24 19588 76 6030 82 325403 46 850 00 113 75 17365 00 35056 78 540 10 826727 29 5866 27 7920 90 1200 00 72323 92 32166118 28 12713 00 5527 00 4670697 75 15602 25 256753 68 22051 35 2285 25 944067 05 141651 62 65455 35 5948 59 500 00 534755 48 5666 50 1550 25 3809478 55 32990532 07 11844 38 5150 11 4491158 28 15534 89 182202 64 16438 41 2390 94 3180040 25 136565 10 65425 95 7783 01 60 41 455908 58 5505 00 1250 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 10 00 29216687 59 500 00 O o g H W o g i w I O Si co 1906 Inclusive 1900 1900 1900 1900 1901 1901 1901 1901 1901 1902 1902 1902 1902 1902 1902 1902 1903 1903 1903 1903 1903 1904 1904 Fire LifeII Cooperative Accident Surety and Marine Fire Companies Old Line Life Companies Assessment Life Companies Accident Plate Glass Marine and Surety Cos Fraternal Orders Fire Old Line Life Assessment Life Amount Insurance in Force Accident Plate Glass Marine and Surety Cos Fraternal Orders 179561495 07 92223613 31 7847605 00 76015608 11 231234339 40 132654379 80 4659699 50 106758014 37 Premiums Agents Tax receipted for as fees by mistake Overpayment of fees Fire LifeI Cooperative Accident Surety and MarineI Fraternal Orders Fire Life 19041 Cooperative 1904 Accident Surety and Marine 1904 Fraternal Orders Less Overpayment 1905 Fire 1905lLife 234719433 69 140409404 72 4848391 00 101564929 45 2419054 02 3989954 41 276811 01 260701 94 2799184 25 4096642 95 231899 72 329627 1 Losses No Agents 225048844 32 142672751 34 5903650 15 99933279 56 3002653 49 4799931 23 275400 53 382844 05 1575983 77 1488443 73 100074 48 122829 96 1543133 20 1524301 42 51478 98 150316 41 Fees 280530212 26 171133881 24 9158245 97 100855541 66 3241995 28 5298816 17 303421 89 395082 45 1379395 44 1843778 09 54375 95 203605 77 3535767 42 5980233 56 389008 97 508813 32 274885240 75 197919425 16l 3855589 11 J5618772 04 1431332 91 1758747 09 68363 02 201170 42 1336233 95 2302996 62 99118 97 243934 79 2560991 25 3443227 43 2694 580 152 195 2816 739 127 200 Taxes 2515 744 99 244 2890 739 163 312 3306 957 154 350 3637r 1047 8514 40 2512 00 780 80 1396 80 8839 20 2989 60 848 80 1312 00 220 00 7860 80 3065 60 653 60 1513 60 300 00 30 00 80 8728 00 3117 60 1095 20 1740 80 430 00 9919 60 3640 80 1233 60 1704 00 410 00 60 10746 40 4112 80 5 24190 38 36385 58 2768 10 2607 06 27991 69 40966 36 2334 58 3296 25 Total 30007 81 48057 48 2754 00 3828 40 32817 29 53045 59 3034 20 4453 24 32704 78 38897 58 3548 90 4003 86 36830 89 43955 96 3183 38 4608 25 39692 61 51123 08 3407 60 5342 00 35357 67 59802 33 4046 12 5088 13 39125 73 66605 96 41543 29 56163 19 4129 40 5458 57 45287 20 63443 13 5279 72 6792 13 49872 13 70718 76 Co to Q o B itl H W O F g H W 6 H j H W m o w H1905 1905 1905 1906 1906 1906 1906 1906 1907 1907 1907 1907 1907 1908 1908 1908 1908 1908 Cooperative Accident Surety and Marine Fraternal Orders Fire Life Cooperative Accident Surety and Marine Fraternal Orders Fire Life Cooperative Accident Surety and Marine Fraternal Orders Fire Life Cooperative Accident Surety and Marine Fraternal Orders 12661243 05 99830976 34 334459580 65 238257061 62 9281409 70 94454929 27 267563 37 577022 62 4281305 95 7337848 96 684149 72 666665 49 4477407 90 7908817 60 797547 52 745360 59 4651734 69 8168084 90 778160 07 811598 50 203285 85 248449 44 1659543 25 2665295 69 262025 46 253657 89 2378900 48 2823055 00 32094 57 276193 55 2059941 52 2966297 96 342838 14 351558 73 202 397 1892 80 1912 80 410 00 12595 40 4235 20 2995 20 1936 60 700 00 14408 20 4220 34 2824 80 2613 60 15525 65 4290 20 1781 01 2922 55 500 00 4955 58 5779 25 41991 47 73537 22 9960 93 6036 78 45473 82 79115 51 7783 74 8122 18 460 00 46517 16 81820 74 7697 62 8021 37 6848 38 7692 05 59882 02 83335 85 10108 54 10735 78 62042 81 86110 94 9478 63 10943 92 o o S hi H W O g g w Q M zj H W Error of 2000 paid into Treasury as fees that should have been agents tax ft O W H 3 00 ooComptrolleeGeneeals Eepoet 735 ASSESSMENT COMPANIES AMERICAN INSURANCE COMPANY OF ATLANTA GEORGIA C T Merritt Secretary M T LaHatte President Lawton Nalley 304 Temple Court Atlanta Attorney for Service in Georgia Principal Office 30V Temple Court Atlanta Ga IBalance Sheet Amount of net or ledger assets December 31st of previous year 13375 99 IIIncome During Year 1907 Gross amount paid by members to the Association or its Agents without deductions for commissions or other expenses as follows gm 1 Membership fees Total paid by members Interest 7 Cash received from all other sources viz fund 76715 total Agents advances 14101 guarantors Bills receivable 187155 cash 8863 27 4 80 2638 70 2075 01 Total income 13681 78 Total IIIDisbursements During Year 1907 2 Spayment iaS5SSrS5S5ito members of officers and other office employees Total paid to members 12KS2T S 5 ZJJ3rjS and local agents 6 Bills receivable 7 Salaries and other compensation I SMI oSSV o commissions 7 oaqaTm 10 Advertising 20147 blanks and printing 34364 total ll All other items viz Miscellaneous expense Z7S Guarantors fund Total disbursements IVInvested Assets Cost value of real estate in cash exclusive of all incumbrances 5 os 0 bonds and stocks owned absolutely M deposited in banks on reserved fund account 26957 77 1853 67 342 67 2196 34 1957 44 292 11 2389 50 3476 57 611 65 417 60 545 11 474 27 1321 19 13581 78 1200 00 1260 00 1071 13 1507 10 Cash in hands of agents VVSis 00 total 4486 00 Guarantors fund 400000 furniture and U m 95 Charter 10000 supplies 30000 bills receivauie v j ggg gl 9 All other ledger assets 10 Total net or ledger assets VContingent Assets 13375 99 1000 00 Annuarepaymentsorpremiums in process yet due of collection not 4021 85 1266 65 Total due from members Deduct estimated cost of collection 5279 50 1319 62 3959 2f ZTll SSXiiSsiSB7sri 62651 22 Total VILiabilities Losses in process of adjustment or adjusted and not due Losses resisted by the company 2 4 7 Borrowed money Total liabilities 425 00 5700 00 1000 00 Business in Georgia During certificates in force December 31 1900 1907 Nuclei S Total 7125 00 910200 00 451623 00 2139 1361823 00 1420 719736 ComptbolleeGenebals Eepoet 583265 00 DedU1CnUmber and amount which have ceased to be in force during 1907 101S Total policies in force December 31 1907 1127 778558 00 AMERICAN ASSURANCE ASSOCIATION OF ATLANTA GA E P Burns President T r h H Beam Secretary Principal Office 710712 Gould Building Atlanta Ga Hamilton Douglas Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year II Income During Year 1907 Gross amount paid by members to the Association or its agents without deduc i J u lr commlssions or other expenses as follows whut deduc 1 Membership fees 2 Weekly dues 5557 47 Total paid by members IIIDisbursements During Year 1907 855 65 20976 13 21831 78 1 Losses and claims 2 Annual payments and assessments returned to members Total paid to members Z 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 87 ArntAani otte eyee 10 Advertising 2710 blanks and printing3272o total 11 All other items viz Interest telephone postage expisTnd Incidentis Total disbursements IV Invested Assets 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 9 All other ledger assets viz76ffreefurni7tiirerrrrrIrrr Total net or ledger assets Contingent Assets Tn forced3Premium9 due ad Pd on memberships 20 Weekly payments rjaSniGmta pjsTOlitiotoTyrt 6518 44 22 47 6540 91 9673 75 3180 00 554 00 540 60 354 30 884 47 21728 03 5050 00 411 22 200 00 5661 22 21 Total due from members 22 Deduct estimated cost of coUection2oper cent 23 Net amount due from members 245 40 17200 00 17445 40 3489 08 Total assets 13956 32 To VI Liabilities kn yixrtoZ penation Business in Georgia During 1907 Policies or certificates in force December 31 lonn Number Policies or certificates written during the FwZZLZZZZZZZTZ Im Total 19617 54 11716 00 Amount 135820 00 145405 00 Deduct mber amount whichhaveeeaedtobeinfocediiring 281235 4994 122390 00 Total policies in force December 31 1907 and claims on policies or certificates paidduringtheyearl 6506 1826 158835 00 6518 44 ATLANTA MUTUAL INSURANCE ASSOCIATION OF ATLANTA GA F Herndon President M1A LrA t A Aderhold Secretary Principal Office 202 Auburn Aye Atlanta Ga A right Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of ioitls previous year 698 68 5500 00ComptrollerGenerals Eeport 737 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues Total paid by members 5 Interest on bonds 7 Cash received from all other sources viz Revivals Total income IIIDisbursements During Year 1907 1 Losses and claims paid to members 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 95000 taxes 66400 total 10 Advertising 15800 blanks and printing 34750 total 11 All other items viz Postage expressage fuel light miscellaneous Total disbursements IVInvested Assets 5 Cost value of bonds owned absolutely 6 Cash in office 8 Agents ledger balances 9 All other ledger assets viz Supplies furniture fixtures etc 10 Total net or ledger assets 11 Deduct depreciations from cost of assets to bring same to market value Total net or ledger assets less depreciation VContingent Assets 12 Interest due 15 Market value of bonds over cost 19 Annual payments or premiums due and unpaid on memberships in force 20 Annual payments or premiums in process of collection not yet due 2114 30 51328 00 21 Total due from members 22 Deduct estimated cost of collection 23 Net amount due from members 24 vill other assets viz Revivals and all other sources 53442 30 12116 63 Total assets VILiabilities 7 Borrowed money including 15000 interest due or accrued 8 To officers or others for advances on account of expenses of organization 9 Amount of all other liability viz Miscellaneous Total liabilities Business in Georgia During 1907 Number Policies or certificates in force December 31 1906 15351 Policies or certificates written during the year 1907 128UI 45345 75 46244 80 300 00 815 05 28623 99 8898 70 650 00 2981 40 1869 40 1614 00 505 50 1342 21 46485 20 5500 00 450 00 2114 30 2350 00 10414 30 1417 74 073 33 150 00 500 00 42116 63 418 20 6500 00 2100 00 280 00 Amount 390043 00 334284 00 Total 28180 Deduct numberand amount which have ceased to be in force during 1907 Total policies in force December 31 1907 18821 f Losses and claims on policies or certificates paid during the year 1907 724327 00 258419 00 465908 00 28623 99 BANKERS HEALTH AND LIFE INSURANCE CO OF MACON GA P h Hay President p C Carnes Secretary Principal Office 509 Second St Maeon Ga Glawson Fowler Macon Ga Attorneys for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year including bonds 5273 75738 ComptrollerGenerals Report IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 240 5 55516 65 Total paid by members Interest Rents Cash received from all other sources viz pany Officers and directors of the corn Total income HIDisbursements During Year 1907 Losses and claims Annual payments andassessments returned 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 andlocal a 1 g eXpenSes of manaSers of agencies and general special 7 Salarietrandother compensation of oScersanTotrofffcTempToyees 8 Rent 95050 taxes 71480 totaI 10 Advertising 32000 blanks and printing aoOdototal 11 All other items viz Fuel lights postage express attorneys fees etc Total IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 Cash deposited in banks on reserved fund account AmerYcanNatTonalBank 10 Total net or ledger assets VContingent Assets 19 Annual payments or premiums due and unpaid on memberships in force 20 Annual payments Annual payments or premiums m process of collection not yet due J 4761 30 71271 45 76032 75 15206 55 21 Total due from members 22 Deduct estimated cost of collection 20 per centII 23 Net amount due from members 24 All other assets viz Furniture and office nxtures7I67oVobVbooks and blanks 80000 total Total VILiabilities 8 To officers or others for advances on account of expenses of organization due President of company 9 Amount of all other liability viz Due PresidenTof the company balance on bonds now deposited with State Treasurer 300000 due officers and di rectors 3 oO CO j total Total Business in Georgia During 1907 57987 40 175 00 60 00 59722 40 16945 00 610 15 17355 15 32445 25 3642 60 959 85 904 05 1665 30 1620 00 710 50 59302 70 5000 00 214 50 478 95 60826 20 2470 00 68999 65 6230 70 6750 00 16094 70 Policies or certificates in force December 31 1906 Policies or certificates written during the year 19071 Number Amount 9952 210208 00 26490 582780 00 Total Dct number nd amount which haWceased tobe iiTioroe during i442 18295 Total policies in force December 31 1907 ig 147 and claims on policies or certificates nniH dmino Zr imw laims on policies or certificates paid during the year 1907 792988 00 400290 00 392698 00 16945 00 CONTINENTAL AID ASSOCIATION OF ATLANTA GA B M Cross President Tn o i o ts t T w LeRoy Smith Secretary Principal Office BrownRandolph Bldg Corner Forsyth and Marietta Sts Atlanta Ga B M Cross Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 4921 30ComptrollerGenerals Report 739 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues Total paid by members 7 Cash received from all other sources Total income IIIDisbursements During Year 1907 2 Total losses and claims paid to members 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 68857 taxes 77560 total 10 Blanks and printing 11 All other items viz Miscellaneous expenses 12 Loss and gain accounts Total 3 IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 9 All other ledger assets viz Furniture and fixtures 2 agents 5589 total cash in hands of Total net or ledger assets less depreciation VContingent Assets 19 Annual payments or premiums due and unpaid on memberships in force 1 20 Annual payments or premiums in process of collection not yet due 720 45 22630 40 21 Total due from members 22 Deduct estimated cost of collection 23 Net amount due from members Total assets 23350 85 4670 17 VILiabilities 6 For salaries rents and office expenses Total liabilities Business in Georgia During 1907 Number Policies or certificates in force December 31 1906 6327 Policies or certificates written during the year 1907 10340 Total 22667 Deduct number and amount which have ceased to be in force during 1907 Total policies in force December 31 1907 7151 Losses and claims on policies or certificates paid during the year 1907 2061 85 34844 91 36906 76 2517 68 39424 44 10965 76 21714 27 2705 00 1464 17 295 08 1544 99 68 06 38757 33 5100 00 164 70 Amount 192850 CO 666600 00 859450 00 598330 00 261120 00 10905 76 CHEROKEE MUTUAL FIRE INSURANCE ASSOCIATION OF CANTON GA S M Moore President L M Moore Secretary Principal Office Canton Ga E W Coleman Canton Attorney for Service in Georgia IIIncome During Year 1907 1 Membership fees 500 75 Total income 500 75 IIIDisbursements During Year 1907 3 Commissions and fees retained by or paid to agents 457 75 Taxes 43 00 Total disbursements 50 75740 ComptrollerGenerals Eeport EMPIRE LIFE INSURANCE CO OF ATLANTA GA Wm W Reid President Thos M 0aliaway st Principal Office Fifth Floor Peters Building Atlanta Ga Wm W Reid Atlanta Attorney for Service in Georgia IBalance Sheet imount of net or ledger assets December 31st of previous year 189231 06 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions tor commissions or other expenses as follows 2 Annual dues Total paid by members 5 Interest 6 Rents 15000 advances to agents returned 7 Cash received from all other sources S63256 total Total income IIIDisbursements During Year 1907 1 Losses and claims 2 Annual payments and assessments returned tomembersrD7v7denlsI Total paid to members Commissions and fees retained bv or paid to agents SanTlocaTdagterntsenS managers of agenciesandg7neVarspecial Medical examiners fees whether dcUrecrbmelnbereTrotterwi RenT o Z t Comvgiio of officers and other office employees Kent 2Oo906 taxes 197173 total Advanced to agents to be repaid out of future salaries oVcommfssions Advertising 171520 blanks and printing 382740 total mlbS10nS All other items viz Licenses 56373 office expenses 346027 total Legal fees 192500 surrendered policies 72840 totaL Total disbursements IVInvested Assets 1 Cost value of real estate in cash exclusive of all incumbrances 3 Loans secured by pledge of bonds stock or other marketable eollaterals coaUateraai 1 t n certificates aitgned 5 Cost value of bonds and stocks owned absolutely 6 Cash in office Premium notes on policies Guarantee capital notes secured by certificates 8 Agents ledger balances 9 All other ledger assets viz Furniture Total net or ledger assets VContingent Assets 8266 and accrued 294895 total 12 Interest due 19 Annual payments or premiurnsdueand unpaid on members in force less than six months overdue oersmps dT detedntlOTPrenliUmS jn PrCeSS f clionnoryet 21 Total due from members 22 Deduct estimated cost of collection 6pceit Sol 16 23 Net amount due from members Total VI Liabilities 6 Legal reserve 7 Contractual reserve 9 Amount of all other liability 10 Surplus Total Business in Georgia During 1907 243338 75 243338 75 6887 26 3782 56 257266 112 511275 49 20450 00 34358 79 54808 79 123907 59 1 21223 46 7055 00 17222 44 4030 79 8525 24 5542 60 4020 00 2653 40 248989 31 950 00 500 00 108455 93 126067 39 10750 85 87834 21 70527 10 43211 88 3219 88 451517 24 8831 51 2595 15 20960 12 29791 63 147780 00 50500 00 36724 80 246304 07 481308 87 Policies or certificates in force December 31 1906 Number Amount Policies or Certificates written durintr the mr ram itten during the year 1907 i Total 37452 00 50785 00 3046 88237 00CompteolleeGenerals Eepoet 741 Deduct number and amount which have ceased to be in force during 1907 756 21065 00 Total policies in force December SI 1907 2290 67172 00 Losses and claims on policies or certificates incurred during the year 1907 12 8425 00 Losses and claims on policies or certificates paid during the year 1907 19575 00 FARMERS MUTUAL FIRE INSURANCE COMPANY OF DAWSON GA B F Melton President W C Gurr Secretary Principal Office Dawson Ga W D Thompson Candler Bldg Atlanta Attorney for Service in Georgia IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 323 00 2 Annual dues 734 00 3 Assessments 1571 40 Total paid by members 2628 40 IIIDisbursements During Year 1907 1 Losses and claims 1571 40 2 Annual payments and assessments returned to members 587 20 Total paid to members 2158 60 3 Commissions and fees retained by or paid to agents 469 80 Total disbursements 2628 40 Business in Georgia During 1907 Number Amount Policies or certificates in force December 31 1906 674 710000 OO Policies or certificates written and reinstated during the year 1907 263 307000 00 Total policies or certificates in force December 31 1907 937 1017000 00 Losses and claims on policies or certificates unpaid December 31 1906 200 00 Losses and claims on policies or certificates incurred during the year 1907 1371 40 Losses and claims on policies or certificates paid during the year 1907 1571 40 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF BUTTS COUNTY GEORGIA A W Walker President J T Goodman Secretary Principal Office Jackson Ga IBalance Sheet Amount of net or ledger assets December 31st of previous year 204 43 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 4540 79 2 Assessments for losses from fires 7597 00 Total income 12137 79 IIIDisbursements During Year 1907 1 Losses and claims for assessment for losses by fire 7597 00 3 Commissions and fees retained by or paid to agents 3411 82 4 Commissions and fees retained by or paid to officers and dierctors 1068 85 8 Insurance Commissioners fee 40 00 10 Advertising 1000 blanks and printing 4825 58 25 Total disbursements 12175 92 IVInvested Assets 6 Cash in office 166 m Total net or ledger assets 166 30 Business in Georgia During 1907 Number Amount Policies or certificates in force December 31 1906 3858 3 755857 00 Policies or certificates written during the year 1lm 1155629 00 Total 4864 4891586 00742 ComptrollerGenerals Report Deduc number 3nd amount which have ceased t0 be in force during J07 642 788370 00 Total policies or certificates in force December 81 1907 4 22 4 103 116 on Losses and Claims on policies or certificates unpaid December 31 1907 450 9 Losses and claims on policies or certificates incurred during the year 7597 00 Total 8047 95 Losses and claims on policies or certificates paid during the year 1907 759795 THE FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF GORDON COUNTY GEORGIA H B Herrington President j F Hunt Secretary Principal Office Calhoun Ga J G B Erwin Attorney for Service in Georgia IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without de ductions for commissions or other expenses as follows 1 Membership fees 1 100 00 2 Annual dues from mercantile agencies 2214 ki 3 Assessments ijw 39 Total paid by members 6 817 03 IIIDisbursements During Year 1907 Total paid to members for loss by fire wind or lightning S 4 W7 or 3 Commissions and fees retained by or paid to agents 1100 00 4 Commissions and Fees retained by or paid to officers and directors fill 00 10 Advertising 2250 blanks and printing 7056 total 03 06 11 All other items viz License from State 4000 5 agents 150o7trans femng charter from Secretary of State to ComptrollerGeneral 250 law yers fees 2000 office fixtures 7500 license 20 shops 4000 totall 305 56 Total disbursements m fi ca Jy IVInvested Assets 6 Cash in office a r 12 51 Business in Georgia During 1907 m frumber Amount Total policies in force December 31 1907 1 597 1 100 000 00 Losses and claims on policies or certificates unpaid December 311907l 1 850 00 Losses and claims on policies or certificates incurred during the year 1907 40 4597 96 Total 41 5g47 gf Losses and claims on policies or certificates paid during the year 1907 40 4597 96 FIRE INSURANCE COMPANY OF GEORGIA DALLAS GEORGIA B T Drake President T Principal Office Dallas Georgia J CamP Secretary IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without de ductions for commissions or other expenses as follows 1 Membership fees 3 Assessments 1779 72 1500 0Q Total paid by members f IIIDisbursements During Year 1907 2 Annual payments and assessments returned to members a 3 Commissions and fees retained by or paid to agents 8 Taxes1SS10n8 FCeS retained hy or Paid to ic and dl7ectorsV 83 10 Blanks and Printing l1 5 Total disbursements Business in Georgia During 1907 Policies or certificates in force December 31 1907 Numj ATnoto m Policies or certificates written during the year 1907 350 iMLa m Total policies in force December 31 1907 jn 4q m Losses and claims on policies or certificates unpaid December 31 1907 I Zr r7 Losses and claims on policies or certificates paid during the year 1907 43 33ComptrollerGenerals Report 743 GATE CITY FIRE INSURANCE COMPANY OF ATLANTA GEORGIA J A Caldwell President John M Baird Secretary Principal Office 515 Temple Court Building Atlanta Ga W I Heyward Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December Slst of previous year 996 82 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2687 30 Total paid by members 2687 30 5 Interest 1 48 7 Cash received from all other sources 685 06 Total income 4369 18 IIIDisbursements During Year 1907 1 Losses and claims i 125 00 2 Annual payments and assessments returned to members 202 07 Total paid to members 327 07 3 Commissions and fees retained by or paid to agents 978 80 5 Salaries and traveling expenses of managers of agencies and general special and local agents 111 72 7 Salaries and other compensation of officers and other office employees 912 36 8 Rent 27500 taxes 4350 total 318 50 9 Advanced to officers and agents to be repaid out of future salaries or com missions 134 60 10 Advertising 820 blanks and printing 3400 total 42 20 11 All other items viz Expressage and stamps 1972 stenographer 6829 painting 647 total 94 48 Total disbursements 2919 63 IVInvested Assets 6 Cash in office 274 50 8 Agents ledger balances 863 00 9 All other ledger assets viz Bills receivable 312 05 Total net or ledger assets 1449 55 VContingent Assets 19 Annual payments or premiums due and unpaid on memberships in force P 642 70 21 Total due from members 642 70 22 Deduct estimated cost of collection 30 per cent 192 81 23 Net amount due from members 447 89 24 All other assets viz Due by members as provided by ByLaws not yet assessed 13436 50 Total assets 13884 39 VILiabilities 2 Losses in process of adjustment or adjusted and not due 100 00 4 Losses resisted by the company 8165 00 7 Borrowed money including 20000 interest due or accrued 200 00 Total liabilities 8465 00 Business in Georgia During 1907 Policies or certificates in force December 31 1906 232 150745 00 Policies or certificates written during the year 1907 157 114210 00 Total 389 264955 00 Deduct number and amount which have ceased to be in force during 1907 154 99775 00 Total policies in force December 31 1907 235 165180 00 Losses and claims on policies or certificates unpaid December 31 1906 6 3800 00 Losses and claims on policies or certificates incurred during the year 1907 6 4365 00 Totai 12 8165 00 Losses and claims on policies or certificates paid during the year 1907 2 125 00744 ComptkollekGenerals Beport THE GEORGIA COOPERATIVE EIRE INSURANCE COMPANY OP SAVANNAH GEORGIA Edw A Smith President Wm J Timblin Secretary Principal Office 15 Perry Street East Savannah Ga General P W Meldrim Savannah Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year cash and notes on hand December 31 1906 706 82 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 3 Assessments 12780 39 Total paid by members 12780 39 7 Cash received from all other sources 614 25 Total J 133M 64 IIIDisbursements During Year 1907 1 Losses and claims 4 733 jg Total paid to members 736 ig 3 Commissions and fees retained by or paid to agents s387 11 4 Commissions and fees retained by or paid to officers and directors 1836 00 5 Salaries and traveling expenses of managers of agencies and general special and local agents 742 43 7 Salaries and other compensation of officers and other office employeesII 2378 05 8 Rent and taxes 597 75 10 Advertising blanks and printing IIIIII 266 48 11 All other items 74 70 Total disbursements 13255 68 IVInvested Assets 1 Cost value of real estate in cash exclusive of all incumbrances a sinn 6 Cash in office and Commercial Bank 4J 7 Cash deposited in banks on reserved fund account Macon 144 no 8 Bills receivable i 9 All other ledger assets III d Charter furniture material IIIIIIII loao 00 Total net or ledger assets i 360507 VContingent Assets 18 Mortuary asessmcnts not yet due 860 00 19 Annual payments or premiums due and unpaid onmembershiDS in force 42 600 00 20 Annual payments or premiums in process of collection not vet dUe 4025 28 21 Total due from members in jas oa 22 Deduct estimated cost of collection IIIIIIIIIIIIIIIIIIIIIIIIIIIi 2922 70 23 Net amount due from members i c0 Total assets JJJg f VILiabilities LrP5inO0reachS f adjUstment or adius not due two claims estimated K0 Business in Georgia During 1907 Policieseertifioates written during the year 1907 Class B 00 Class D Iir 16M LOW 00 Losses and claims on policies orcertiflcitwunpaYdliecemDerfflrwOT imi 28 Losses and claims on policies or certificates paid during the year 1907II 29 1736 16 GERMAN MUTUAL FIRE INSURANCE CO OF SAVANNAH GA C H Konemann President VraA v T rred Wessels Jr Secretary Principal Office 17 Bay Street East Savannah Ga U H McLaws 15 Bay Street East Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 177o8 54ComptrollerGenerals Repobt 745 IIIncome During Year 1907 6 Interest 611 85 7 Cash received from all other sources viz Guarantee fund 8175 00 8 Premiums 190 40 Total income U877 25 IIIDisbursements During Year 1907 7 Salaries and other compensation of officers and other office employees 1430 00 8 Kent 17500 taxes 22439 total 399 39 10 Advertising 17478 blanks and printing 19318 total 367 96 11 All other items viz Interest 395 07 Total disbursements 2592 42 IVInvested Assets 2 Loans on bonds and mortgage first liens on real estate 12650 00 7 Cash deposited in banks on reserved fund account Commercial Bank general department 24 88 Commercial Bank savings department o nnn m Germania Bank time certificates Y JJJ Chatham Bank time certificate lj JJ Citizens Southern Bank time certificate lV 0 Commercial Bank time certificate 1 9 All other ledger assets viz Premiums outstanding fk m 10 Furniture and fixtures lou Total net or ledger assets 26993 37 VContingent Assets 24 All other assets viz 10 per cent on account of insurance in force 64109 00 Total assets 91102 37 VILiabilities 7 Borrowed money including 350000 interest due or accrued 3500 00 9 Amount of all other liability viz Guarantee fund 13800 00 10 Sundries 5 OT Total liabilities 9 17305 07 Business in Georgia During 1907 Number Amount Policies or certificates in force December 31 1907 483 641090 00 Losses and claims on policies or certificates paid during the year 1907 7 515 09 THE GINNERS MUTUAL INSURANCE COMPANY ATHENS GA A T Conway President M M Stephenson Secretary Principal Office 103 ShackelfordHodgson Bldg Athens Ga M M Stephenson Athens Attorney for Senice in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 6503 60 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 13145 58 2 Earned premium account 28 46 Total paid by members 13174 04 IIIDisbursements During Year 1907 1 Losses and claims 7164 16 2 Annual payments and assessments returned to members 33 41 Total paid to members 197 57 3 Commissions and fees retained by or paid to agents 476 05 5 Salaries and traveling expenses of managers of agencies and general special and local agents 5 49 7 Salaries and other compensation of officers and other office employees 2782 34 8 Taxes 20 2n 10 Advertising 500 blanks and printing 12755 total 132 55 11 All other items viz General expense 150 95 Total disbursements 13165 24746 ComptrollerGenerals Eeport IVInvested Assets 7 Cash deposited in banks on reserved fund account Georgia National Bank 3 706 53 8 Bills receivable 2 0C5 87 9 All other ledger assets viz Office fixturesIZIZZZnZITZZZZIZZZZIZZZ 200 00 Total net or ledger assets g 512 40 VContingent Assets 20 Annual payments or premiums in process of collection not yet due 7655 66 21 Total due from members 7355 55 22 Deduct estimated cost of collection 5 per centI g82 78 23 Net amount due from members 7 972 g7 Total assets j 3785 27 VILiabilities 1 Losses due and unpaid 1 900 00 2 Losses in process of adjustment or adjusted and not due 1 no 4 Losses resisted by the company ZZZZZZ 20 00 Total liabilities n 49o0 00 Business in Georgia During 1907 Policies or certificates in force December 31 1906 NUIq nn Policies or certificates written during the year 1907ZZZZZZI 175 328o67 50 Duet number and amount which Tare leased to TeTiT force during 3 636176 1907 17g 325608 50 Total policies in force December 31 1907 166 310 567 50 Losses and claims on policies or certificates unpaid December 31 1906 3 lVgi 92 Losses and claims on policies or certificates incurred during the year 17 7191 72 TOtf 20 11956 64 Losses and claims on policies or certificates paid during the year 1907 17 7 006 64 GREAT SOUTHERN HOME INDUSTRIAL ASSOCIATION OF BIRMINGHAM ALA W L Lauderdale President E D Coleman gecretary Principal Office 1727 Third Ave Birmingham Ala M J Taylor Columbus and W L G Pounds Atlanta Attorneys for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 15784 57 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 2959 40 4g27 7i Total paid by members 5 Interest 61187 14 6 Rents 180 00 247 Total income ttt rZT 516 64 111Disbursements During Year 1909 1 Losses and claims 39591 40 Total paid to members 3 Commissions and fees retained by or paidtoagents 2S i 4 Commissions and fees retained by or paid to officersanddTrectorsZZ 2S a ii avs gexpenses of managers of agencies and sa 8 lentriei S2 zTV 5Sh HmpioS IS 20 8 Rent 105480 taxes and licenses 36995 total ti 10 Advertising miscellaneous expenses blanks and printingZ yEi 00 11 All other items viz Attorneys fees Jii 8S 3800 00 Total BZz 27CompteollebGeneeals Repoet 747 IVInvested Assets 1 Cost value of real estate in cash exclusive of all ineumbrances 6 Cash in office 7 Cash deposited in banks on reserved fund account Alabama Penny Savings Bank Anniston Bonds deposited with State Treasurer 8 Agents ledger balances 12375 00 9 All other assets viz Furniture Total 4 Total net or ledge rassets VContingent Assets 12 Interest accrued 13 Rents due and accrued 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force 20 Annual payments or premiums in process of collection not yet due 5739 25 70129 80 21 Total due from members 22 Deduct estimated cost of collection 75869 05 19361 87 23 Net amount due from members Total assets VLiabilities 6 For salaries rents and office expenses 8 To officers or others for advances on account of expenses of organization Total liabilities Business in Georgia During 1907 Number Policies or certificates in force December 31 1906 8455 Policies or certificates written during the year 1907 820 14275 12450 15500 00 239 00 S25 00 6000 00 25359 50 8445 94 145 00 304 00 15500 00 6000 00 56507 18 86902 12 1000 00 500 00 Total Deduct number and amount which have ceased to be in force during 1500 00 Amount 58188 34 15009 00 73197 34 69542 75 Total policies in force December 31 1909 1825 Losses and claims on policies or certificates incurred during the year into 600 3654 59 1940 98 GUARANTY AID AND BELIEF SOCIETY OF SAVANNAH L E Williams President Walter S Scott Principal Office 468 West Broad Street Savannah Ga Sol C Johnson Savannah Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous yearS IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues Total paid by members 5 Interest Total income IIIDisbursements During Year 1907 1 Losses and claims V 2 Annual payments and assessments returned to members Total paid to members 3 Commissions and fees retained by or paid to agents rrrT 5 Salaries and traveling expenses of managers of agencies and general special 7 SafariesCandaoSer 8 Rent 40757 taxes 34368 total GA Secretary 5631 28 702 40 13542 90 14245 30 225 00 14470 30 4730 63 16 25 4746 88 4808 47 1526 78 1575 70 751 25748 ComptrollerGenerals Report 10 Advertising 0500 blanks and printing 3250 total 127 50 11 All other items viz Interest 46400 postage and incidentals 33729re duction of loan 25000 total j q51 2q Total disbursements 14 587 87 IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 5 225 00 6 Cash in office T 63 71 9 All other ledger assets viz Furniture and BxtuorII 225 00 Total net or ledger assets SisTti VContingent Assets 19 Annual payments or premiums due and unpaid on memberships in force 403 20 20 Annual payments or premiums in process of collection not yet due 18460 00 21 Total due from members ig ego 90 22 Deduct estimated cost of collection 1ZZZZZZZZZZZZZZZ 4715 80 23 Xet amount due from members 14 147 40 Total assets 14147 40 VILiabilities 7 Borrowed money g Total liabilitiesj Business in Georgia During 1907 Policies or certificates in force December 31 1906 fnl m Policies or certificates written during the year 1907ZZZZZZZZ 5im mmt 00 n I01 i 10973 251649 00 Deduct number and amount which have ceased to be in force during 6842 174575 00 Total policies in force December 31 1907 7io7 T 4131 074 00 Losses and claims on policies or certificates paid during the year 1907 1356 4730 53 HOME FRIENDLY SOCIETY OF BALTIMORE MD Geo A Chase President D T B L Talley Secretary Principal Office 1026 Linden Ave Baltimore Md Geo L DeGaut Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year ygg 07 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without dertnc tions for commissions or other expenses as follows tnout deduc 1 Membership fees 3 Assessments 1 MQ 4 For stationery and duplicates 329472 14 285 59 Total paid by members 6 Rents 3S0m 73 7 AgSentseebeoVn frm ther KO f Ts 550 00 Total income 7 332221 91 ill Disbursements During Year 1907 1 Losses and claims 2 Annual payments and asseimVnteVeturned tomemberVand dfvTdenZZZZZZZZ JfJ 90 Total paid to members 3 Commissions and fees retained by or paid to airents 169345 76 6 StTlin of atg3encTadgeneralZsScIal 6 Medical examiners fees whether paid direct hJrrZwhLC 67748 00 J AmS z ffcrsadgentst0 be ssisrsissrssssrsrss 4629 9i 10 Advertising blanks and printing 791 05 s 7206 07ComptbolleeGenbbals Eepobt 749 31 All other items viz Interest 31680 postage 67593 total 9 73 Agents bonds 34700 attorney fees 33725 furniture J29850 total 982 75 Real Estate Expense 114975 expense account 419564 total iD d 322824 08 Total disbursements IVInvested Assets 1 Cost value of real estate in cash exclusive of all incumbrances 1M60 00 5 Cost value of bonds and stocks owned absolutely 20gl gg 7 Cash sted 7n banks wealth Bank 144461 Audit Savings Co 108333 Eutaw Savings 1000 Sral Savings 1000 Provident Savings 1000 Commonwealth Savmgs 1000 total 8J069 35 8 In deposit at agencies r 4 040 00 9 All other ledger assets viz Bills receivable J 79 535 90 Kc leprecSs oTecuritTs from rt Yl to market value 76360 05 Total net or ledger assets VContingent Assets 2119 00 12 Interest due and accrued 15750 00 14 Market value of real estate over cost V e atR no 17 Mortuary assessments due and unpaid on memberships m force 6806 00 6806 00 21 Total due from members 680 60 22 Deduct estimated cost of collection 6125 40 23 Net amount due from members 3 g76 24 All other assets viz Balance due on fire insurance 104229 45 Total assets VILiabilities 1100 00 1 Losses due and unpaid 1100 00 Total liabilities Business in Georgia During 1907 Number Amount urn nonfi 7371 520050 00 Policies or certificates in force December 31 1906 f w Policies or certificates written during the year 1907 oio 11244 791160 00 DeductnumberTndVmJuntVwchhive ceased to be in force during 1907 1MW 7961 560420 00 Total poHcies in force December 31 19W 23080 65 Losses and claims on policies or certificates paid during the year 1907 ooua INDUSTRIAL LIFE AND HEALTH INSURANCE CO OF ATLANTA GA I N Sheffield Secretary J N McEachern President Principal office 502511 Austell Bldg Atlanta a Walter McElreath Atlanta Attorney for Service in Georgia Balance Sheet Amount of net or ledger assets December 31st of previous year 25348 16 IIIncome During Year 1907 Cross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 448772 65 2 Annual dues 461331 75 Total paid by members 2647 56 fSromYl 2000000 Florida laws 483979 31 Total income aiw HIDisbursements During Year 1907 1 Losses and claims Death claims 2 J 2 Annual payments and assessments returned to memoer io2oy i Total paid to members 750 ComptrolleeGtenebals Report 3 Commissions and fees retained by or paid to agents 10K a m wm1SS10nH fnd reS retained hy or Paid t0 offic and dlreSorZ 5 and locaf agente S eXPenSeS f manager3 f agencieS and eral special Kent 66999 taxes State 645888 city 162803 total ij on 10 Advertising 386678 blanks and printing 260450 total 2S niturer TUfaT 1251 PStag6 and eXpreS3 fto mtoif P1169raTtoeFTe7s7i27593o7TneTdentaIs 3S56 39 Total disbursements 2 452868 84 VInvested Assets 2 Loans on bond and mortgage first liens on real estate 6 590 m 5 Cost value of bonds and stocks owned absolutely rSX C o Cash m office ioouu uo All other deposits Third NatTonaf TtlMTaVVV 0 HJ i Carolina Trust Co Raleigh NO 9 sothlrerTlefdgf ti rz rAua i m Southern Life Health Insurance Co SXX Total net or ledger assets T r 5645S 63 VContingent Assets 12 Interest accrued 15 Market value of bonds and stocksovereost i5 UU 23 Net amount due from members 24 All other assets viz Furniture 960600 books aid bUMUtoU 10506 00 Total assets 2 276672 63 Business in Georgia During 1907 Policies or certificates in force December 31 1906 N A4 m Policies or certificates written during the year U1IIZIII Wm lllTm 00 Deduct numberaTdTmount which hwarto be ta 7oreVdurTngl9W IlW TMS 00 Total policies or certificates in force December 31 1907 81 28 1 714 679 on Policies or certificates in force December 31 1906I 41 I SS2 Policies or certificates written during the year 1907ZZ 43323 218615 00 Deduct number ImiiiibitaYiiium aOil 29M12 00 Total policies in force December 31 1907 43799 919779 00 THE MERCHANTS MUTUAL FIRE INSURANCE CO OF ATLANTA GA MUTUAL BENEFIT LIFE INSURANCE CO OF GEORGIA A V Simms President w A Simms Secretary Wm A Wright Attorney for Service in Georgia Principal Office Valdosta Ga IBalance Sheet Amount of net or ledger assets December 31st of previous year 8 048 13 IIIncome During the Year 1907 Gross amount paid by members to the Association or its Agents without de ductions for commissions or other expenses as follows de 1 Membership fees 2 Annual dues 4207 50 3 Assessments 2927 05 25156 25 Total paid by members 7 Cash received from all other sources 32290 80 Total income 10375 45 HIDisbursements During Year 1907 42666 25 1 Losses and claims 3 Commissions and fees retained byorpaidto Agents 27153 7 Salaries and other compensation of officers and 3STESnZZZ l fs 10 Advertising 22000 blank andprtottaffrSo6rtotaiI7 24 Total disbursements 32290 80ComptrollerGenerals Eeport 751 IVInvested Assets 7 Cash deposited in banks on reserved fund account Citizens Bank All other deposits Citizens Bank Valdosta Total net or ledger assets 18 Mortuary assessments not yet due 21 Total due from members 22 Deduct estimated cost of collection 4485 00 27 80 23 Net amount due from members VILiabilities 1 Losses due and unpaid Six losses 66000 each Business in Georgia During 1907 Number Policies or certificates in force December 31 1906 3200 Policies or certificates written during the year 1907 M Total Deduct number and amount which have ceased to be in force during 3820 1170 1427 32 8948 13 10375 45 4485 00 4457 20 3900 00 Amount Total policies in force December 31 1907 LJ0 Losses and claims on policies or certificates unpaid December 31 1907 Losses and claims on policies or certificates incurred during the year Losses andclaini7onpoiiclesorcertificates paid during the year 1907 6 29 23 3900 00 18850 00 14950 00 Jno A Darwin President MUTUAL LIFE INDUSTRIAL ASSOCIATION OF GEORGIA ATHENS GA L H Fargason Secretary LBalance Sheet Amount of net or ledger assets December 31st of previous year IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 3 Assessments 270314 00 Total paid by members 312456 82 IIIDisbursements During Year 1907 1 Losses and claims 235056 00 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 57498 taxes 82158 total m Advertising 14770 blanks and printing 119840 total 11 All other items viz Postage Other items Total disbursements rr 306157 25 IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 6 Cash in office 7 7 Cash deposited in banks on reserved fund account 8 Agents ledger balances 9 All other ledger assets 65777 64 19305 65 22837 17 9893 03 35258 00 8178 15 4998 93 1396 56 1346 10 1550 26 8480 22 20000 00 12104 25 39113 00 459 96 400 00 VContingent Assets 15 Market value of bonds and stocks over cost 4000 00 Total assets 76077 21 Business in Georgia During 1907 Number Amount Policies or certificates in force December 31 1906 24254 16647887 00 Policies or certificates written during the year 1907 3568 27822 Total 2301360 00 17948757 00752 ComptrollerGenerals Eepobt Deduct number and amount which have ceased to be in force during g g34 2868288 00 Total policies in force December 31 1907 or nS8 isnsn jro no Losses on policies or certificates paid during the year vmSZ 251 ulm 00 THE MUTUAL FIRE INSURANCE CO OP CORDELE GA M J Morris President t n t i a J G Portis Secretary Principal Office 26 Twelfth Avenue West Cordele Ga W H Dorris Cordele Ga Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 30 02 IIIncome During Year 1907 1 Membership fees w ffl Total paid by members 10946 81 IIIDisbursements During Year 1907 1 Losses and claims 4894 2 Total paid to members i 3 Commissions and fees retained by or paid to agents 9 Sk 18 4 Commissions and fees retained by or paid to officers and directors 1 527 07 s7 SSrftaraSSfShd officers and other oflice 00 W A3600iSintotal7275 bl3nkS ad printing 9s7wWaOfShto 11 All other items viz License V72927stampsrioioortotai IS 14 Attorney fee 5500 iron safe 13000 total1llil ig5 00 Total disbursements 10927 04 IVInvested Assets 6 Cash in office VContingent Assets 19 Annual payments or premiums due and unpaid on memberships in torce a 9 20 Annual payments or premiums in proeesVof colfecTionnoVvet 3191 85 21 Total due from members aix 22 Deduct estimated cost of collection qi 23 Net amount due from members jj 500 OU Total assets T VILiabilities 1 Losses due and unpaid 1 ion no 2 Losses in process of adjustment or adjusted md nrtdiieIZ 1625 00 Total liabilities j 725 00 Business in Georgia During 1907 Policies or certificates in force December 31 1906 I Amount Policies or certificates written during the year 1907I 2805 DmT numcr aml owu5T Vecedtobetoforcedurtoi 6837 S1m Total policies in force December 31 1907 To n R losses and claims on policies or certificates unpaid December 31 1907 I 7S X Losses and claims on policies or certificates incurred during the year lmSV lew 72 Total Losses and claims on policies or eert5flcatesp7id duringtnVywi07lIl 4394 72 MUTUAL BENEFIT INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA SAVANNAH GA A Ranzin President w m W T McCoy Secretary Principal Office 826 W Broad St Savannah Ga Samuel A Boorstin 901 Century Blag Atlanta Attorney for Service in GeorgiaComptbolleeGenebals Eepoet 753 IBalance Sheet Amount of net or ledger assets December 31st of previous year 5750 00 IIIncome During Tear 1907 544 50 1 Membership fees T 5 904 g5 2 Weekly dues 6 449 45 Total paid by members 225 00 5 Interest ZT o 000 no 7 Cash received from all other sources viz Advanced by officers w 8674 45 Total IIIDisbursements During Year 1907 S 1908 25 1 Losses and claims m 2 Weekly payments and assessments returned to members Total paid to members S5 5 S Commissions and fees retained by or paid to agents 8 Rent 18175 taxes 13775 total 10 Advertising 26854 blanks and printing o5000 total i 0 11 All other items viz Interest paid ju t 8657 49 Total disbursements v IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 5750 00 5750 00 Total j 403 Y3 8 Agents ledger balances r m 9 All other ledger assets viz Office furniture J2 478 75 10 Total net orledger assets including bond value as above 5766 96 11 Deduct depreciations from cost of assets to bring same to market value 5516 96 5 995 71 Total net or ledger assets VContingent Assets 15 Market value of bonds and stocks over cost I12 0 19 Weekly payments or premiums due and unpaid on memberships in force 20 Weekly payments or premiums in process of collection not yet due 14190 00 21 Total due from members fSt l 22 Deduct estimated cost of collection 20 per cent2J1H 75 23 Net amount due from members 11675 00 17782 71 Total assets 4 VILiabilities 8 To officers or others for advances on account of expenses of organization and bonds Business in Georgia During 1907 Number Amount Policies or certificates in force December 31 1906 jg 3JJ o Policies or certificates written during the year 190 3652 1340 4030 150530 00 Deduct0numberVnd amount which have ceased to be in force during 1907 J 1 01 ntv7 2742 88260 00 Total policies in force December 31 19WVjiVioiw 174 1908 5 Losses and claims on policies or certificates paid during the year 190 54 NEW SOUTH MUTUAL LIFE INSURANCE CO OF ATLANTA GA B S Calhoun President W E Currier Secretarv Principal Office 712 Temple Court Bldg Atlanta Ga A M Brand Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 20000 00754 ComptrollerGenerals Eeport 1 Membership fees Total paid by members 7 Cash received from all other sources IIIncome During Year 1907 Total income IIIDisbursements During Year 1907 Total disbursements IV Invested Assets 5 Cost value of bonds and stocks owned absolutely 7 Cash deposited in banks Third National Bank Atlanta Ga 32400Farmers Bank Glenwood Ga 4500 total Total net or ledger assets VContingent Assets 16 Due from members for claims not yet assessed 21 Total due from members 24 All other assets viz Office furniture and fixtures 1 blanks 10000 total 126 00 000 stationery and Total assets VILiabilities 8 To officers or others for advances on account of expenses of organization 9 Amount of all other liability viz Total liabilities Business in Georgia During 1907 Policies or certificates in force December 31 1907 iS Policies or certificates written during the year 1907 495 Total DM0t nUmber and amount which have ceasedtobeTniorceduring 495 1 Total policies in force December 31 1907 Losses and claims on policies or certificates paid during the year 19otI 2238 00 223S 00 646 50 1 Losses and claims Total paid to members 3 Commissions and fees retained by or paid to agentsIII I 5 Salaries and traveling expenses of managers of agencies and general special and local agents 8 Rent ZI 10 Blanks and printing 11 All other items viz Stamps 10097 license 20L10 total 1 Office furniture etc 16000 organizing 11750 total 2884 50 126 00 126 00 1198 63 196 00 110 00 305 30 302 07 277 50 2515 50 20000 00 369 00 20369 00 126 00 260 00 117 50 529 00 646 50 Amount 494000 00 494000 00 495000 00 1000 00 494 1 494000 00 1000 00 PILGRIM HEALTH AND FIRE INSURANCE CO OF ATLANTA GA H C Young President T1 T llios 1 Walker Secretary Principal Office 111113 Ninth St Augusta 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 1907 Gross amount paid by memliers to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 7253 30 855 15 19S71 30 Total paid by members Interest Cash received from all other sources viz merits h nils dh 111 its and endcrsi Total income 20720 45 200 00 155 95 21082 40Comptroller General s Report 755 IIIDisbursements During Year 1907 1 Losses and claims P 2 Annual payments and assessments returned to members Total paid to members S Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 5 Salaries and traveling expenses of managers of agencies and general special and local agents 7 Salaries and other compensation of officers and other office employees 8 Rent 27500 taxes 30047 total 9 Advanced to officers and agents to be repaid out of future salaries or com missions 10 Advertising 13185 blanks and printing 34510 total 11 All other items viz Furniture and fixtures 9525 postage expressage and fuel 33605 total Total disbursements IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 7 Si dVositedinbankson reserved fund account IrishAmerican Bank All other deposits IrishAmerican Bank 8 Agents ledger balances Total net or ledger assets VContingent Assets 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships 20 AmuaTaymentsTr premiums in process of collection not yet due 1533 95 35197 10 21 Total due from members 22 Deduct estimated cost of collection 36731 05 9182 76 23 Net amount due from members Total assets VILiabilities 8 To officers or others for advances on account of expenses of bonds 9 Amount of all other liability viz Printing Total liabilities Business in Georgia During 1907 Number Policies or certificates in force December 31 1906 Policies or certificates written during the year 1907 10090 35 70 35 10160 70 6286 85 1119 10 949 24 790 65 575 47 60 00 476 95 5200 00 51 72 450 25 180 42 7485 44 200 00 5200 00 179 05 5379 05 Amount 548920 00 171020 00 35997 719940 00 7822 156440 00 563500 00 10090 35 DeducrnumberandlmounYwhrchhave ceased to be in force during 1907 98 175 Total policies in force December 31 1907rrir Losses and claims on policies or certificates paid during the year 1907 PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY OF CHATTANOOGA TENN t Robert J Macclellan Secretary Thomas Macclellan President Wm A Wright Atlanta Attorney for Service in Georgia IBalance Sheet Cross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Monthly dues Total paid by members 5 Interest 6115 00 52586 02 58701 02 1000 00 Total income IIIDisbursements During Year 1907 1 Losses and claims Total paid to members 59701 02 17665 29 17665 29756 CompteollebGeneeals Eepoet 3 Commissions and fees retained by or paid to agents 12 309 80 4 Commissions and fees retained by or paid for collecting g717 77 5 Salaries and traveling expenses of managers of agencies and general special and local agents gn 6 Medical examiners fees whether paid direct by members or otherwise 403 00 7 Salaries and other compensation of officers and other office employees R 9tO no 8 Rent 62500 taxes 32636 total SV 10 Advertising and for blanks and printingI 1 017 56 11 All other items viz Insurance Department fees 309 7 Legal expense 6 Traveling expense 95813 general expense 64315 total 160128 Total disbursements 50 en IVInvested Assets 5 Cost value of bonds and stocks owned absolutely jq 000 00 7 Cash deposited in banks on reserved fund account Citizens BankTrust Co Chattanooga 0 000 00 All other deposits Citizens Bank Trust Co Chattanooga4213i2 Bank of Appalachia Va 7324 total 4 ogg 33 8 Agents ledger balances 111 184 63 9 All other ledger assets viz Premiums collected and in courseof remittance i949 15 Total net or ledger assets 35 07S 39 VILiabilities 9 Amount of all liability viz Agents credit balances 615 other credit balances 433567 total g 4 341 g Total liabilities c 43418 Business in Georgia During 1907 r Number Amount Policies or certificates written during the year 1907 440 110000 00 ru 1 Total z r7 44 110000 00 Deduct number and amount which have ceased to be in force during 1907 ggj 90734 00 Total policies in force December 31 1907 7g i 19 266 00 Losses and claims on policies or certificates paid during the yearl907I 55 415 15 STERLING MUTUAL LIFE INSURANCE CO OF MADISON GA F C Foster Sr President A q Foster Secretary Principal Office Madison Morgan County Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 474 00 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 4 743 2 Annual dues 816 0fl 3 Assessments cnfi oc Total paid by members 5 657 25 IIIDisbursements During Year 1907 1 Losses and claims 0 q Total paid to members or beneficiaries on death claims 4gl00 3 Commissions and fees retained by or paid to agents 2 966 25 5 Salaries and traveling expenses of managers or agencies and general special and local agents 119 50 7 Salaries and other compensation of officers and otheVofficeemployees 601 st 8 Rent 12000 taxes 9730 total empiovees 691 53 10 Advertising 588 blanks and printing 20179 officefix7ures1i6rrtotai 257 67 11 All other items viz Electric lights 15 stationery 50 stamps 75 total 140 00 T0taI 43ls IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 5 000 00 7 CLho dpited j anks on reserved fund account Morgan CountyBank7 m I i V MonOP Ga P8 iv National Bank Dublin Ga 523 Bank of Crawford Ga 81 National Bank of Greensboro Ga 70 Oconee County Bank 31 Newton County Bank 34 Citizens Bank Wavnes boro Ga 6 Bank of Henry County 8 Upson Bank Trust Co 5 Bank of Richland 21 total 1 258 00 Total net or ledger assets ZZL658 ComptbollebGenerals Eepobt 757 VContingent Assets 17 Mortuary assessments due and unpaid on memberships in force f W Annual payments or premiums due and unpaid on memberships in force 40 00 21 Total due from members Business in Georgia During 1907 Policies or certificates in force December 31 1906 Policies or certificates written during the year 1907 1423 Deduct0numDerand7mountVhTcirhaveceaied to be in force during 1907 Total policies in force December 31 m1 481 00 Losses and claims on policies or certificates paid during the year 1907H SOUTH GEORGIA FARMERS FIRE INSURANCE COMPANY OE THOMASVILLE GA Robt Alexander Secretary Jessee Ward Jr President Principal Office Thomasville Ga E L Neal Thomasville Attorney for Service in Georgia IIIncome During Year 1907 127 59 1 Membership fees ZI 2030 10 3 Assessments 2157 69 Total income IIIDisbursements During Year 1907 1493 50 1 Total paid to members 116 61 3 Commissions and fees retained by or paid to rjJ 600 03 4 Commissions and fees retained by or paid to officers and directors 8 Taxes TjZatlll 46 00 11 All other items viz License paid to State 2 157 69 Total disbursements VILiabilities 160 00 316 00 Total liabilities Business in Georgia During 1907 Number Amount v oi ion 445 3980S5 00 Policies or certificates in force December O 190 12 760 00 Policies or certificates written during the year 1907 464 410845 ft D jiJIlLteansssss tesrsartrs tris during 62 w 1907 1MW 402 360845 00 Losses rXZ 19W 203 SOUTHEASTERN MUTUAL FIRE INSURANCE CO MACON GA DU u H E Harrison Secretary T E Mansfield President r J Principal Office 419 Second Street Macon Ga F P Mansfield Macon Attorney for Service in Georgia II Income During Year 1907 as gzS aswsr 1 Membership fees 765 15 2 Annual dues 4527 57 3 Assessments Total paid by members 7i7TiHv7nced bv officers to defray 7 Cash received from all other sources viz Advanced oy o expenses of organization etc 19579 00 Total income ITion IIIDisbursements During Year 1907 f t S5 100 prepaid claims 35 total 5135 I Losses and claims Assessment claims 51W prep ToO Total paid to members 758 ComptrollerGenerals Report 3 Commissions and fees retained by or paid to agents 673 05 5 Salaries and traveling expenses of managers of agencies and general special and local agents r 8 Rent 19000 taxes 28130 total 1 Z 9 Advanced to officers and agents to be repaid out of future saiariesorTom missions 10 Advertising JJJ 11 All other items viz Office furniture andnytuVes7stamretcIIIiriII 628 02 Total disbursements tc n p 1I40 DO IVInvested Assets 6 Cash in office m m Cash deposited in banks as follows Bank of Edison Edison Ga 3 069 67 Commercial and Savings Bank of Macon Ga 430 59 Bank of Woodstock 17307 Peoples Savings Bank of Thomasvilie telzfl Habersham Bank of Clarksville 2510 total 9Vl m 8 Agents ledger balances 2 jSg oS 9 All other ledger assets viz Office furniture and fixtures o22 50 Total net or ledger assets 81211 Business in Georgia During 1907 Policies or certificates written during the year 1907 1227 1439328 00 lOtal j 227 J3Q Q9g AQ lorn number and amount which have ceased tobeinforceduring 1907 m 653978 00 Total policies in force December 31 1907 756 785 35000 Losses and claims on policies or certificates paid during the year 1907 30 5435 00 SOUTHERN LIFE INSURANCE COMPANY OF DAWSON GA J M Bell President T H C Loyless Secretary Principal Office Main Street Dawson Ga D C Pickett Dawson Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 25000 00 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without dedue tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 336S 00 3 Assessments 2111 00 12097 78 Total income 17576 78 rflDisbursements During Year 1907 1 Losses and claims Total paid to members R TTi0nS andfef fined by orpaidtoagents 422 S 7 Kri ZTlrS feeS whether Paid direct by embers or otherwise m I EJrTZaofficers and other office empales86 JS j i ttttbEfil blrd rtoiai 250 00 Total disbursements 15703 73 IV Invested Assets 5 Cost value of bonds and stocks owned absolutely keTSbe SUte otearrandMcPhersonTCo4 1873 05 Total net or ledger assets 26873 05 Business in Georgia During 1907 Total policies in force December 31 1907 Number Amount Ixsses and claims on policies or certincatelhe7 WOI 18 ooo 00ComptbollebGtEneeals Eepobt 759 SUNLIGHT INSURANCE COMPANY OF ATLANTA GA E G Crockett Secretary S J Sheffield President Principal Office 1419 Empire Bldg Atlanta Ga Walter McElreath Peters Bldg Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year 477 00 IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 82g2 m 2 Annual dues 6292 00 Total income IIIDisbursements During Year 190 407 50 1 Losses and claims S 407 50 Total paid to members Vr 5113 90 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 8 Rent 21830 taxes 16514 total 100 go 10 Blanks and printing 40 00 11 All other items 6565 64 Total disbursements IVInvested Assets 10 36 7 S depoS to tST5nS55i5S5r N5toi 193 203 30 Total net or ledger assets T VContingent Assets 19 Annual payments or premiums due and unpaid on J 1m 70 due 10953 10 21 Total due from members 9 7oo 97 II Deduct estimated cost of collection 25 per cent 2738 8214 83 11 SothTtset 5E sSXsEsnssTss SdT35csrtaui 8389 83 Total Business in Georgia During 1907 oi innfl 1242 155200 00 Policies or certificates in foree December 31 1906 0 Policies or certificates written during the year 1907 3463 430100 00 DedJulBTIm 2407 300800 00 1907 noo7 966 129300 00 Losses ci SOUTHERN MUTUAL LIVE STOCK ASSOCIATION OF ATLANTA GA W D Seymour Secretary J H Blackwell President Principal Office Elberton Ga C P Harris Elberton Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year IIIncome During Year 1907 i w mhers to the Association or its agents without deduc GZX TorZZen as follows 1 Membership fees 41 50 2 Annual dues 186 30 3 Assessments TT 247 55 Total income IIIDisbursements During Year 190 3 Snisslltfc760 ComptrollerGenerals Report 5 Sandrikcada tote18 exPenses of managers of agencies and general special 6 Medical examiners fees whether paiTdibymelnbVre o7othePwtee 10 Advertising blanks and printing 11 All other items Taxes 25 00 12 50 110 00 43 15 40 00 Total 535 70 SOUTHERN LIFE AND HEALTH INSURANCE CO OF ATLANTA GA W H Hallman President j 0 Hallman Secretarv Principal Office 509511 Temple Court Bldg Atlanta Ga Walter McElreatli 518 Peters Bldg Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year IIIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 5146 64 908 05 14462 65 Total paid by members 5 Interest 7 Cash received from all other sources viz Advanced by offiiersl Total income IIIDisbursements During Year 1907 15370 70 175 00 1666 51 1 Losses and claims Sick 312820 death 88500 total 2 Annual payments and assessments returned 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 direct oral 8 Rent 23500 taxes 20870 total 17212 21 4013 20 72 85 10 Advertising 14500 blanks and printing iO total 205 total8 Furniture and flxtures 8267 postage andTxpreI 4086 05 9780 25 2318 93 443 70 345 70 84 72 Total IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 6 Cash in office CrtlaiitaPGaetl hmkS reserved untTbM NationalISulk 17059 35 5000 00 210 50 89 00 Total net or ledger assets VContingent Assets 12 Interest accrued 19 Annual payments or premiums due andunpaidon memberships in force H a 20 Annual payments or premiums in procesrorcoliecrionnotver due J 5299 50 87 60 376 05 3862 10 21 Total due from members 22 Deduct estimated cost of collection 20 percent 9238 15 1847 63 23 Net amount due from members 24 All other assets viz Furniture 17500 booksand WanimOOrtotaE Total assets Z VILiabilities 8 To officers or others for advances on account of expenses of organization 7390 52 300 00 13077 52 8013 82 Total liabilities Business in Georgia During 1907 8013 32 Policies or certificates in force December 31 1906 XVtSf Ek no Policies or certificates written during the year 1907 5309 I274i6 00 Total Deduct number and amount whichhaveceasedtobeinforce during 6867 4619 164808 00 110856 00 Total policies in force December 31 1907 2 248 53952 00ComptrollerGenerals Eeport 761 SOUTHERN MUTUAL LIFE INSURANCE ASSOCIATION OF ATLANTA GA Thos C Candler Secretary Allen D Candler President Principal Office 60234 Candler Bldg Atlanta Ga Allen D Candler Atlanta Attorney for Service in Georgia IBalance Sheet Amount of net or ledger assets December 31st of previous year ELIncome During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows flg 1 Membership fees 9gl7 w 2 Annual dues 62532 45 3 Assessments 104288 53 107772 78 Total income Ill Disbursements During Year 1907 63166 00 SSiapaymeZ 1SZZS1Z 63400 50 Total paid to membersV 15454 86 3 Commissions and fees retained by or paid to agents 2n9 05 Cost to collect assessments 10500 00 45 lTutoi 4055 27 i XkK officSafdgeSs TkJJj i 00 10 AdvStisfng 27Tf5T WanksanTprintog JjJ SHSSlZZZ j 11 All other items viz Exchange 4159 Pe 366 total 3474 30 Postage 286934 office expense 22731 legal expense q IVInvested Assets t 1 55676 37 5 Cost value of bonds and stocks owned absolutely SSIZZ 576 42 Cash depStobVonrltod 3957 x Central Bank Trust Corporation Atlanta Ga 1720 66 AlYheV SS ortuarytnd SSSTSrSSES branchJ 73372 01 Total net or ledger assets VContingent Assets 24 All other assets vi Furniture and fixtures 50000 stationery and Uanks 25000 total Total assets V7JU VILiabilities i 750 00 f ttzfKSsrx 5feayggg 2M2a branches Total liabilities Business in Georgia During 1907 Busing Number Amount v ai iciiw 8120 1760882 00 Policies or certificates in force December 31 1906 B65893 TO KSSZ or certificates written during the year 1907 Dedurfmber 728918 00 1907 12g j 1S97857 00 jaittsx i6o 5009900762 ComptrollerGenerals Report UNION MUTUAL ASSOCIATION OP ATLANTA GA T W Walker President VVm Driskell Secretary Principal Office 212 Auburn Ave Atlanta Ga Hon W A Wright Atlanta Attorney 4or Service in Georgia IBalance Sheet Amunt01 net or ledger assets December 31st of previous year II Income During Year 1907 Gross amount paid by members to the Association or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 Annual dues Total paid by members 5 Interest on bonds 7 Cash received from all other soureesviz Total income 1 Losses and claims IIIDisbursements During Year 1907 IVInvested Assets 5 Cost value of bonds owned absolutely 6 Cash in office 7 Cash deposited in banks flta NeafBuSrAUaitaGa All other deposits Penny Savings Bank Birmingham Alar 8 Agents ledger balances 9 All other ledger assets viz fundtartan5uppUeTanTmMnlnS 68921 48 16451 30 Total assets VI Liabilities 4 Losses resisted by the company 7 Interest due or accrued on purchase of bonds Total liabilities Business in Georgia During 1907 2022 40 5100 00 1403 10 70022 86 71425 96 orrz 20 w Revivals deficiency miscellaneous 2506 38 74132 34 37985 30 37985 30 13982 53 2400 00 Total paid to members 3 Commissions and fees retained by or paid toagents 10oS 4 Commissions and fees retained by or paid to officers anddirectore anTkcaTligenTs S managers of aSeies and generalspedai R SwSi 0hef comPnsation ciocOTanTotneroircVemptoyieari 8 Rent 154786 taxes 118294 total 11 All other items viz Postage expressage miscellaneous lotal disbursements 9033 71 3618 76 2839 80 861 46 70712 50 5100 00 214 50 1425 63 290 00 2583 75 4187 5C 10 Total net or ledger assets 11 Deduct depreciations from cost of assets to bringTametomarket7ZtoZZZ f j Total net or ledger assets less depreciation VContingent Assets 15 Market value of bonds over cost 19 AiTUforreaymentS r Premiums due andunpardonmemberships 20 Annual payments orpiuminloifTOli5aonnot 3U6 98 65804 50 21 Total due from members 22 Deduct estimated cost of collectionZITHZH 23 Net amount due from members 24 All other assets viz Revivals and deficiency Interest on bonds All other sources 10542 98 100 00 52470 18 931 03 200 00 342 41 54043 62 40 00 800 00 840 00 Policies or certificates in force December 31 1906 Number Amount Policies or certificates written during the year 1907 18063 518672 15 18324 489835 00 Total Deduct number and amount whichh7eceasedtobeTnforce during S6397 18607 15 13799 371394 00 Total policies in force December 31 1907 ZT7 1 22588 637113 15ComptrollerGenerals Report 763 Losseg and claims on policies or certificates unpaid December 31 1907 2 Losses and claims on policies or certificates incurred during the year 1907 8308 37985 8310 38025 30 Lossesnd dSTiSid5155S5iadS5 tSTiir war 830s 37985 30 UNION FIRE INSURANCE COMPANY OF ATLANTA GA Frank K Wilson Secretary Thos E McAfee President rraIui Principal Office Atlanta Ga A E Wilson Atlanta Attorney for Service in Georgia UNION BENEFIT ASSOCIATION OF SAVANNAH GA x Geo W Jacobs Secretary Julian Smith President Stubbs Chapman Attorneys for Service in Georgia Principal Office 20 State St West Savannah Ga IBalance Sheet Amount of net or ledger assets December 31st of previous year 5436 85 IIIncome During the Year 19077 25219 01 3 Assessments 25219 01 Total income IIIDisbursements During Year 1907 7569 55 1 tosses and claims 7 569 55 Total paid to members io259 60 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to officers and directors 6 Salaries and traveling expenses of managers of agencies and general special g and local agents 422 63 8 Rent and taxes 586 43 10 Advertising blanks and printing 2922 23 11 All other items 25434 18 Total disbursements IVInvested Assets 5 Cost value of bonds and stocks owned absolutely 32 18 7 Cash deposited ta bankVonreserved fund account Merchantss 5220 68 Total net or ledger assets VContingent Assets 32280 60 18 Mortuary assessments not yet due r 32280 60 21 Total due from members v 442 09 22 Deduct estimated cost of collection 27438 51 1 rSTssvsnsrm uooo 33759 19 Total assets VILiabilities 2850 45 9 Amount of all liability 2850 45 Total liabilities Business in Georgia During 1907 Number Amount v 91 1007 6500 601 K Policies or certificates in force December 31 1J07 THE WESTERN INSURANCE CO OF CARROLLTON GA Paul C Jack Secretary E G Kramer Preisdent Principal Office Carrollton GaINDEX A AACHEN MUNICH FIRE INSURANCE COMPANY AIX LA CHAP ELLE GEEMANY 25 Statement of ADIRONDACK FIRE INSURANCE COMPANY OF NEW YORK 28 Statement of TNA FIRE INSURANCE CO HARTFORD CONNECTICUT 31 Statement of ETNA INDEMNITY COMPANY OF CONNECTICUT 563 Statement of ETNA LIFE INSURANCE COMPANY OF CONNECTICUT 293 Statement of TNA ACCIDENT AND LIABILITY LIFE INSURANCE COMPANY CONNECTICUT 558 Statement of iETNA INSURANCE CO CONNECTICUT 559 Statement of AGRICULTURAL FIRE INSURANCE CO OF WATERTOWN N Y 35 Statement of AMERICAN ASSURANCE ASSOCIATION OF ATLANTA GA 736 Statement of ALLIANCE INSURANCE COMPANY OF PENNSYLVANIA 38 Statement of AMERICAN BANK INSURANCE COMPANY OF MINNESOTA 567 Statement of AMERICAN BONDING COMPANY OF BALTIMORE 569 Statement of AMERICAN CASUALTY COMPANY READING PA 580 Statement of AMERICAN CENTRAL FIRE INSURANCE CO OF ST LOUIS MO 42 Statement of 166 CompteollebGenebals Repobt american credit indemnity company of new york Statement of 573 AMERICAN EIRE INSURANCE COMPANY OF NEWARK N J Statement of 44 AMERICAN INSURANCE COMPANY OF ATLANTA GA Statement of 735 AMERICAN NATIONAL INSURANCE CO OF GALVESTON TEXAS Statement of 287 AMERICAN NATIONAL LIFE INSURANCE COMPANY OF LYNCH BURG VA Statement of 290 AMERICAN SURETY COMPANY OF NEW YORK Statement of 503 ATHENS MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Statement of g ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Statement of en ATLANTA MUTUAL INSURANCE ASSOCIATION OF ATLANTA GA Statement of yog ATLAS ASSURANCE COMPANY LTD OF LONDON Statement of B BANKERS HEALTH AND LIFE INSURANCE CO OF MACON GA Statement of 737 BLUE RIDGE FIRE INSURANCE COMPANY MARIANNA FLA Statement of q BOSTON FIRE INSURANCE COMPANY OF BOSTON MASS Statement of BRITISH AMERICA ASSURANCE COMPANY OF TORONTO Statement of bO C CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH Statement of CHEROKEE MUTUAL INSURANCE ASSOCIATION OF ATLANTA GA Statement of 739ComptbollerGenekals Eepoet 767 citizens fire insurance company oe missouri Statement of 65 CITIZENS LIFE INSURANCE COMPANY OF KENTUCKY Statement of 338 COLUMBIA NATIONAL LIFE INSURANCE CO OF MASSACHUSETTS Statement of 2 COMMERCIAL UNION ASSURANCE COMPANY LTD OF LONDON Statement of 68 CONNECTICUT FIRE INSURANCE COMPANY OF HARTFORD Statement of CONNECTICUT MUTUAL LIFE INSURANCE COMPANY Statement of 305 CONTINENTAL AID ASSOCIATION OF ATLANTA GA Statement of 738 CONTINENTAL CASUALTY COMPANY OF INDIANA Statement of 576 CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK Statement of 72 COSMOPOLITAN FIRE INSURANCE COMPANY OF NEW YORK Statement of 75 D DELAWARE INSURANCE COMPANY PHILADELPHIA PA Statement of 8 DES MOINES LIFE INSURANCE COMPANY OF IOWA Statement of 310 DIXIE FIRE INSURANCE COMPANY OF GREENSBORO N O 81 Statement of E EMPIRE STATE SURETY COMPANY OF NEW YORK Statement of EMPIRE LIFE INSURANCE COMPANY OF ATLANTA GA 740 Statement or EMPLOYERS INDEMNITY COMPANY OF PHILADELPHIA 592 Statement or 768 ComptrollerGenerals Report EQUITABLE FIRE INSURANCE COMPANY OF CHARLESTON S C Statement of 07 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Statement of qjo F FARMERS MUTUAL FIRE INSURANCE COMPANY OF DAWSON GA Statement of 74 FARMERS COOPERATIVE FIRE INSURANCE CO OF BUTTS CO GA Statement of 741 FARMERS MUTUAL FIRE ASSOCIATION OF GORDON CO GA Statement of 742 FEDERAL INSURANCE COMPANY JERSEY CITY N J Statement of on FEDERAL CASUALTY COMPANY OF MICHIGAN Statement of one FIDELITY AND CASUALTY COMPANY OF NEW YORK Statement of qn FIDELITY AND DEPOSIT COMPANY OF MARYLAND Statement of on FIDELITY FIRE INSURANCE COMPANY OF NEW YORK Statement of q FIDELITY MUTUAL LIFE INSURANCE CO OF PHILADELPHIA Statement of q FIRE ASSOCIATION OF PHILADELPHIA PA Statement of 90 FIREMANS FIRE INSURANCE COMPANY OF NEWARK N J Statement of FIREMENS FUND INSURANCE COMPANY OF SAN FRANCISCO CAL Statement of 102 FIRE INSURANCE COMPANY OF GEORGIA DALLAS GA Statement of 742 FLORID HOME FIRE INSURANCE COMPANY OF MARIANNA Statement of 105ComptrollerGenerals Eeport 769 FRANKLIN LIFE INSURANCE COMPANY SPRINGFIELD ILL Statement of FRANKFORT MARINE ACCIDENT AND PLATE GLASS INSURANCE COMPANY OF GERMANY U S BRANCH Statement of G GATE CITY FIRE INSURANCE COMPANY OF ATLANTA GA Statement of GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORPORATION LTD OF GREAT BRITAIN Statement of GEORGIA COOPERATIVE FIRE INSURANCE COMPANY 520 Statement ot GEORGIA COOPERATIVE FIRE INSURANCE COMPANY OF SAVAN NAH GA 744 Statement of GEORGIA FIRE INSURANCE CO CEDARTOWN GA 107 Statement of GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA 109 Statement ot GERMAN ALLIANCE FIRE INSURANCE COMPANY OF NEW YORK 112 Statement 01 GERMANAMERICAN FIRE INSURANCE COMPANY OF NEW YORK CITY 115 Statement of GERMANIA FIRE INSURANCE COMPANY OF NEW YORK 328 Statement of GERMAN MUTUAL FIRE INSURANCE CO OF SAVANNAH GA 744 Statement of GINNERS MUTUAL INSURANCE COMPANY ATHENS GA 745 Statement of GIRARD FIRE AND MARINE INSURANCE COMPANY OF PHILADEL PHIA PA 121 Statement of 770 ComptrollerGenerals Beport GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y Statement of 124 GREAT SOUTHERN HOME INDUSTRIAL ASSOCIATION OF BIRMING HAM ALA Statement of 746 GREENSBORO LIFE INSURANCE COMPANY OF GREENSBORO N C Statement of q GLOBE AND RUTGERS FIRE INSURANCE COMPANY OF NEW YORK CITY Statement of GREAT AMERICAN LIFE INSURANCE COMPANY ST LOUIS MO Statement of GREAT EASTERN CASUALTY AND INDEMNITY COMPANY OF NFW YORK Statement of 617 GREAT WESTERN LIFE INSURANCE COMPANY OF MISSOURI Statement of 335 GUARANTY AID AND RELIEF SOCIETY OF SAVANNAH GA Statement of 747 GUARANTEE COMPANY OF NORTH AMERICA CANADA Statement of 620 GUARANTEE LIFE INSURANCE COMPANY OF HOUSTON TEXAS Statement of 387 H HAMBUGERE FIRE INSURANCE C0MNY OF HAMBURG Statement of 230 HANOVER FIRE INSURANCE COMPANY OF NEW YORK Statement of 232 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of Statement of 623ComptrollerGenerals Report 771 HOME FRIENDLY SOCIETY OF BALTIMORE MD Statement of HOME INSURANCE COMPANY OF NEW YORK 1 fi Statement of HOME LIFE INSURANCE COMPANY OF NEW YORK 393 Statement ot I ILLINOIS LIFE INSURANCE COMPANY OF CHICAGO 399 Statement ot INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY OF AT LANTA GA 749 Statement of INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA PA 141 Statement of INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA 145 Statement of J JEFFERSON FIRE INSURANCE COMPANY OF PHILADELPHIA 148 Statement of JEFFERSON STANDARD LIFE INSURANCE CO OF NORTH CARO LINA 404 Statement of L LIFE INSURANCE COMPANY OF VIRGINIA 407 Statement or LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF LIVERPOOL ENG 151 Statement or LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY OF LIVERPOOL ENGLAND 155 Statement of LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK 627 Statement or LONDON ASSURANCE CORPORATION OF LONDON ENGLAND 157 Statement of 712 ComptrollerGenerals Report LONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVER POOL ENGLAND Statement of 161 LONDON GUARANTEE AND ACCIDENT COMPANY LTD ENG Statement of 630 LOUISIANA NATIONAL LIFE ASSURANCE SOCIETY Statement of 411 LUMBER MUTUAL FIRE INSURANCE COMPANY OF BOSTON MASS Statement of lob LUMBER INSURANCE COMPANY OF NEW YORK Statement of 164 M MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK Statement of 414 MARYLAND CASUALTY COMPANY OF BALTIMORE Statement of 633 MARYLAND LIFE INSURANCE COMPANY OF BALTIMORE Statement of 420 MASSACHUSETTS BONDING AND INSURANCE COMPANY OF BOS Statement of 638 MASSACHUSETTS MUTUAL FIRE INSURANCE COMPANY OF SPRING Statement of 495 MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVI Statement of 169 MERCHANTS MUTUAL FIRE INSURANCE CO OF ATLANTA GA Statement of MERIDIAN LIFE AND TRUST COMPANY OF INDIANA Statement of 437 MKHTOPOLITAN CASUALTY INSURANCE COMPANY OF NEW Statement of 640ComptrollerGenerals Report 773 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK 431 Statement or METROPOLITAN SURETY COMPANY Of NEW YORK 643 Statement of MICHIGAN COMMERCIAL INSURANCE COMPANY OF LANSING MICH 171 Statement o MICHIGAN MUTUAL LIFE INSURANCE COMPANY DETROIT 441 Statement of MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF WIS CONSIN 175 Statement of MODERN BROTHERHOOD OF AMERICA 454 Statement of MISSOURI STATE LIFE INSURANCE COMPANY OF ST LOUIS MO 446 Statement of MUTUAL BENEFIT LIFE INSURANCE COMPANY OF GEORGIA 750 Statement of MUTUAL BENEFIT LIFE INSURANCE COMPANY OF NEW JERSEY 357 Statement of MUTUAL FIRE INSURANCE COMPANY OF CORDELE GA 752 Statement of MUTUAL BENEFIT INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA SAVANNAH GA 752 Statement or MUTUAL LIFE INDUSTRIAL ASSOCIATION OF GEORGIA ATHENS 751 Statement of MUTUAL LIFE INSURANCE COMPANY NEWARK N J 450 Statement of MUTUAL LIFE INSURANCE COMPANY OF NEW YORK 375 Statement or N NATIONAL CASUALTY COMPANY OF MICHIGAN 652 Statement of NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN 178 Statement or ComptrollerGenerals Eeport NATIONAL LIFE AND ACCIDENT INSURANCE COMPANY NASH VILLE TENN Aoa Statement of 654 NATIONAL LIFE INSURANCE COMPANY CHICAGO ILL Statement of 382 NATIONAL LIFE INSURANCE COMPANY MONTPELIER VERMONT Statement of 457 NATIONAL SURETY COMPANY OF NEW YORK Statement of 647 NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG Statement of 180 NEW BRUNSWICK FIRE INSURANCE COMPANY OF NEW BRUNS WICK N J itu re statement of 283 NEW EANDTMUTUAL LIFE INSURANCE COMPANY OF MASS Statement of 462 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER Statement of 186 NEW SOUTH MUTUAL LIFE INSURANCE CO OF ATLANTA GA Statement of 753 NEW YORK LIFE INSURANCE COMPANY OF NEW YORK Statement of 468 NEW YORK PLATE GLASS INSURANCE COMPANY Statement of 657 NIAGARA FIRE INSURANCE COMPANY OF NEW YORK Statement of 189 NORTH AMERICAN ACCIDENT INSURANCE COMPANY OF ILLI Statement of 659 NORTH BRITISH AND MERCANTILE FIRE INSURANCE COMPANY U S BRANCH OF LONDON AND EDINBURGH Statement of 199 NORTH RIVER INSURANCE COMPANY OF NEW YORK Statement of 202COMPTROLLERGENERALS EePORT 775 NORTH STATE EIRE INSURANCE COMPANY OF GREENSBORO n a Statement of 205 NORTHERN ASSURANCE COMPANY OP LONDON ENGLAND Statement of 195 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY OF WIS CONSIN MILWAUKEE Statement of 475 NORTHWESTERN NATIONAL LIFE INSURANCE COMPANY MINN Statement of 342 NORWICH UNION FIRE INSURANCE SOCIETY OF ENGLAND Statement of 192 O OCEAN ACCIDENT AND GUARANTEE CORPORATION LIMITED OF LONDON ENGLAND Statement of 662 ORIENT FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of 208 P PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Statement of 346 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Statement of 666 PALATINE INSURANCE COMPANY LTD OF GREAT BRITAIN Statement of 211 PENN MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA 356 Statement of PENNSYLVANIA CASUALTY COMPANY SCRANTON Statement of PENNSLYVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA Statement of PHILADELPHIA LIFE INSURANCE COMPANY OF PENNSYLVANIA 352 Statement ot PHILADELPHIA CASUALTY COMPANY OF PENNSYLVANIA 673 Statement or 776 ComptrollebGeneeals Eepoet PHCENIX ASSURANCE COMPANY LTD OF LONDON Statement of oio PHENIX INSURANCE COMPANY OF BROOKLYN N Y Statement of pi r PHOENIX INSURANCE COMPANY OF HARTFORD Statement of oop PHCENIX MUTUAL LIFE INSURANCE COMPANY OF CONNECTICUT Statement of ofo PILGRIM HEALTH AND LIFE INSURANCE CO OF ATLANTA GA Statement of 7 PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK Statement of 077 PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY OF CHAT TANOOGA TENN Statement of 75o PRUDENTIAL INSURANCE COMPANY OF AMERICA Statement of 008 Q QUEEN INSURANCE COMPANY OF AMERICA Statement of 225 B RELIANCE LIFE INSURANCE COMPANY PITTSBURGH PA Statement of 481 RESERVE LOAN LIFE INSURANCE COMPANY OF INDIANAPOLIS Statement of 486 RIDGLEY PROTECTIVE ASSOCIATION WORCESTER MASS Statement of 484 ROCHESTER JJEBMAN INSURANCE COMPANY OF ROCHESTER Statement of 229 ROME INDUSTRIAL LIFE INSURANCE COMPANY OF GEORGIA Statement of gci ROYAL EXCHANGE ASSURANCE COMPANY OF LONDON Statement of 235ComptrollebGtenebals Repoet 777 ROYAL FIEE INSURANCE COMPANY LTD OF LIVERPOOL ENG Statement of 232 S SCOTTISH UNION AND NATIONAL INSURANCE COMPANY OP EDIN BURGH SCOTLAND Statement of 237 SEABOARD FIRE AND MARINE INSURANCE COMPANY GALVES TON TEXAS Statement of 240 SECURITY LIFE AND ANNUITY COMPANY OF AMERICA Statement of 492 SECURITY FIRE INSURANCE COMPANY OF NEW HAVEN CON NECTICUT Statement of 243 SECURITY LIFE AND ANNUITY INSURANCE COMPANY GREENS BORO N O Statement of 489 SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Statement of 497 SHAWNEB FIRE INSURANCE COMPANY OF TOPEKA KANSAS Statement of 246 SOUTH ATLANTIC LIFE INSURANCE COMPANY OF VIRGINIA Statement of 512 SOUTH GEORGIA FARMERS FIRE INSURANCE CO OF THOMAS VILLE GA Statement of 757 SOUTHEASTERN MUTUAL FIRE INSURANCE CO MACON GA Statement of 757 SOUTHERN LIFE INSURANCE CO OF DAWSON GA Statement of 758 SOUTHERN FIRE INSURANCE COMPANY OF LYNCHBURG VA Statement of 249 SOUTHERN FIRE INSURANCE COMPANY OF NEW ORLEANS Statement of 252 SOUTHERN LIFE INSURANCE COMPANY OF NORTH CAROLINA Statement of 509778 ComptrollerGenerals Eeport SOUTHERN LIFE AND HEALTH INSURANCE CO OF ATLANTA GA Statement of 760 SOUTHERN MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Statement of pcrir SOUTHERN MUTUAL LIVE STOCK ASSOCIATION OF ATLANTA GA Statement of q SOUTHERN MUTUAL LIFE INSURANCE ASSOCIATION OF ATLANTA GA Statement of 1 761 SOUTHERN STATES MUTUAL LIFE INSURANCE COMPANY OF WEST VIRGINIA Statement of r SOUTHERN STATES LIFE INSURANCE COMPANY OF ALABAMA Statement of 50o SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS Statement of Z56 STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF MICH IGAN Statement of OSd STATE LIFE INSURANCE COMPANY INDIANAPOLIS INDIANA Statement of 516 STATE MUTUAL LIFE ASSURANCE COMPANY WORCESTER MASS Statement of STATE MUTUAL LIFE INSURANCE COMPANY OF ROME GA Statement of 525 ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUI MINNESOTA 4UL Statement of 260 STERLING MUTUAL LIFE INSURANCE CO OF MADISON GA Statement of 756 SUBSCRIBERS AT UNITED STATES LLOYD MARINE INSURANCE UNDERWRITERS OF NEW YORK CITY INSURANCE Statement of 263 SUNLIGHT INSURANCE COMPANY OF ATLANTA GA Statement of 759ComptrolleeGeneeals Repoet 779 SUN FIRE INSURANCE COMPANY OF NEW ORLEANS Statement of 269 SUN INSURANCE OFFICE LONDON ENGLAND U S BRANCH Statement of 266 SUN LIFE INSURANCE COMPANY OF CANADA Statement of 529 T THAMES AND MERSEY MARINE INSURANCE COMPANY LTD OF GREAT BRITAIN Statement of 687 TITLE GUARANTY AND SURETY COMPANY OF PENNSYLVANIA Statement of 689 TRAVELERS INSURANCE COMPANY OF CONNECTICUT Statement of 693 TRAVELERS LIFE INSURANCE COMPANY OF CONNECTICUT Statement of 5U TRAVELERS INDEMNITY COOPERATIVE COMPANY Statement of 696 U UNION CENTRAL LIFE INSURANCE COMPANY OF OHIO Statement of 539 UNION BENEFIT ASSOCIATION OF SAVANNAH GA Statement of 763 UNION MUTUAL ASSOCIATION OF ATLANTA GA Statement of 762 UJSiON FIRE INSURANCE COMPANY OF ATLANTA GA Statement of 763 UNION MUTUAL LIFE INSURANCE COMPANY OF MAINE Statement of 544 UNITED AMERICAN LIFE INSURANCE COMPANY OF DELAWARE Statement of UNITED FIREMENS FIRE INSURANCE COMPANY OF PHILADEL PHIA 272 Statement of 780 ComptrollerGenerals Eeport UNITED STATES BRANCH OF THE EMPLOYERS LIABILITY ASSUR ANCE CORPORATION LTD ENGLAND Statement of UNITED STATES CASUALTY COMPANY OP NEW YORK Statement of UNITED STATES FIDELITY AND GUARANTY COMPANY Statement of 7Uo UNITED STATES HEALTH AND ACCIDENT INSURANCE COMP4NY OF MICHIGAN Statement of UNITED SURETY COMPANY OF MARYLAND Statement of V VIRGINIA STATE FIRE INSURANCE COMPANY OF RICHMOND Statement of 275 VOLUNTEER STATE LIFE INSURANCE COMPANY OF TENNESSEE Statement of o49 W WASHINGTON LIFE INSURANCE COMPANY OF NEW YOKE Statement of 552 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK Statement of 278 WESTERN ASSURANCE COMPANY OF TORONTO CANADA Statement of 280 WESTERN INSURANCE COMPANY OF CARROLLTON GA Statement of 763 WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOK LYN N Y Statement of 283 WOODMENS CASUALTY COMPANY IND Statement of 717CompteollebGteneeals Bepoet 781 Table No 1 Shows Business Done by Fire Insurance Companies in Georgia for Year Closing April 1907 720722 Table No 2 Shows Business Done by Fire Companies for the Year Closing April 1908 724725 Table No 3 Shows Business Done by Assessment Life Fire and Accident Companies for the Year Closing April 1908 726727 Table No 4 Shows Business of Accident Marine and Surety Companies for the Year Closing April 1908 728729 Table No 5 Shows Condition of Fraternal Orders Doing Business in Georgia for the Year 1908 730731 Table No 6 Shows Comparative Business of Insurance Companies in Geor gia for Years 1900 to 1906 inclusive 732733UNIVERSITY OF GEORGIA LlgHARIES 3 S1D6 D54E4 SA24