THE LIBRARY OF THE UNIVERSITY OF GEORGIA 0 i STATE CAPITOL ATLANTAREPORT OF THE l Insurance Department OF THE COMPTROLLER GLNLRAL5 OFFICL FOR THE YEAR ENDING DECEMBER 31 1913 i Atlanta Ga Chas P Btrd State Printer 1914 THE GENERAL LIBRARY THE UNIVERSITY OF GEORGIA ATHENS GEORGIAREPORT Insurance Department Atlanta March 1st 1914 To His Excellency John M Slaton Governor Sir In compliance with law I have the honor to sub mit the annual report of the Insurance Department for the year ending December 31st 1913 The abstracts included in each of my previous reports have been taken from the annual statements of the com panies filed in this office during the year covered by the report As the companies annual statements are made up as of December 31st it is apparent that by the time the report of this department was published the figures contained therein were already a year out of date Real izing that the report would be more valuable if the figures given therein were those for the year just preceding 1 have included in this report the abstracts from the an nual statements for the year 1913 as well as those for the year 1912 It has been deemed advisable to publish this report in two volumes as by so doing the work could be expe dited Volume I contains the abstracts for the year 1912 Volume II contains those for the year 1913 I n my previous reports 1 have called attention to the remarkable growth of the insurance business in the State during the past thirty years The tables givenbelow are for the purpose of further impressing you with the pro portions that have been reached in the different lines THE GENERAL LIBRARY THE UNIVERSITY 0 QIA ATHENS GEOrMA Pr GEOabtVI OMPTEOLLEKGrENERALS BePOET FlBE AND FlEE AND MaEINE COMPANIES Premiums Collected Losses Paid 1412148 1393070 1691708 1043354 3195426 1431333 7017439 3209610 6326926 3215788 The above figures for 1913 do not include the compan ies that do marine business only Such companies are now classed as Miscellaneous Companies Year No of Companies 1883 45 1893 55 1903 56 1912 101 1913 103 Life Companies Amt Ins fear No of Companies Premiums Coll eeted In Force 1883 15 296824 9098822 1893 27 2375244 69931265 1903 41 5298816 142672751 1912 59 10646253 337230403 1913 59 11440520 367623921 Miscellaneous Com pantes Year No of Conip uiies Premiums Coll scted Losses Paid ess None None None 189 4 4337 420 1903 22 122957 14333 1912 5 1415568 649358 1913 1653515 S3 29 71 Assessment Companies As a result of the effectual supervision of this class of companies following the Act of 1912 several of these companies have ceased to operate in this State In 1912 there were 10 Assessment Fire Companies which opera ted here as against only 5 in 1913 The 10 companies collected in 1912 15194 while the 6 companies in 1913 collected only 39999 The losses paid in 1913 were 20697 The three Assessment Companies authorized to write Ordinary Life business reported their premium assessComptrollerGeneral s Ebport Vll 4 c 0 merit collections for the year 1913 to be 60948 and their losses paid as28961 The Assessment Companies which do an Industrial Life and Health Insurance business that reported for the year 1913 were ten in number as compared against thirteen for 1912 The assessment collections for 1913 amounted to 1714487 The losses paid amounted to 662421 25000 Capital Stock Industrial Company One domestic industrial stock company reported that its premium collections for the year 1913 were 70419 and its losses paid amounted to 27718 Fraternal Orders Thirtyfive Fraternal Orders reported that they col lected from members during the year 1913 dues and assessments to the extent of 1160394 and that they paid losses amounting to 844509 Examinations The activity of the Department in its supervision of the companies which operate in the State is evidenced by the number of companies that were examined during 1913 by experts under the direction of the Insurance Com missioner In each case proper reports were filed and where irregularities were found to exist the matter was brought to the attention of the companies and the proper remedy applied One company the American Life and Annuity Company of Atlanta was found to be insolvent It was promptly placed in the hands of a receiver and later in the hand of the Insurance Department for liqui dation On account of pending litigation it has not yet been possible to wind up its affairs You will find ap VI11 ComptrollerGeneral s Beport pended hereto a statement of the income and disburse ments by the Department marked Exhibit A The Life business of the Georgia Life Insurance Com pany was sold to the Maryland Life Insurance Company The reinsurance transaction was properly submitted to and approved by this Department The Georgia business of the Great Southern Accident and Liability Company was reinsured by the Georgia Life Insurance Company The transaction was properly investigated and approved by the Department The following is a list of the companies examined American Ins Co Savannah American Life and Annuity Co Atlanta Atlanta Mutual Ins Assn Atlanta Augusta Fire Ins Co Augusta Bankers Health and Life Ins Co Macon Cherokee Life Ins Co Borne Columbia Fire Ins Co Athens Columbian Woodmen Atlanta Commercial Life Ins and Casualty Co Savannah Cosmopolitan Life Ins Co Atlanta Empire Life Ins Co Atlanta Equitable Casualty Co Atlanta Georgia Fire Ins Co Cedartown I Georgia Home Ins Co Columbus Georgia Mutual Industrial Life and Health Insurance Company Savannah Great Southern Accident and Fidelity Co Atlanta Guaranty Mutual Life and Health Ins Co Savannah Industrial Life and Health Ins Co Atlanta Masons Annuity Atlanta Mutual Benefit Industrial Life Insurance Assn of Georgia Savannah Pilgrim Health and Life Ins Co Augusta Savannah Fire Ins Co Savannah Standard Life Ins Co Atlanta State Mutual Life Tns Co Rome Onion Mutual Assn Atlanta ComptbollebGenebaes Eepoet ix Depabtment Expenses As required by the Act of 1912 I submit the follow ing statement of the expenses of the Department for the year ending December 31st 1913 Postage 325 00 Express 30 90 Telehone and telegraph 32 22 Printing and stationery 4115 01 Salaries 7500 00 Office fixtures 35 50 Total 12038 63 Fiee Inspectob Appended hereto you will find the report of the State Fire Inspector marked Exhibit B which covers the work clone in that department during the year 1913 The following is a statement of the income and disbursements on account of the fire inspection work from its inception to December 31st 1913 Special tax levied in 1912 5663 03 Salaries for 1912 139 65 Expenses for 1912 83 59 Total for 1912 223 24 Salaries for 1913 1585 00 Expenses for 1913 84129 Total for 1913 2426 29 2649 53 Expense money advanced to Fire nspector to be accounted for 16 66 Total 2666 13 Balance on hand December 31st 1913 2996 84 It was not found necessary to levy the special tax during 1913ComptBollebGenebal s Report Pbemium Tax Returns Your attention is called to the suggestion made in my last report that it is advisable to have the Premium Tax year correspond with the annual statements Under the present law the returns are made as of April 30th and are not required to be filed until July 1st This causes much confusion and unnecessary clerical work both on the part of the Department and on the part of the companies It is desired to have the present law amend ed so as to require the premium tax returns as of Decem ber 31st and require that they he made by March st of the succeeding year Respectfully Wm A Weight Insurance Commissioner E Leon Porter Deputy Insurance CommissionerComptrollerGenerals Eeport XI EXHIBIT A STATEMENT OF THE INCOME AND DISBURSEMENTS OF THE AMERICAN LD7E AND ANNUITY COMPANY WHILE IN THE HANDS OF THE INSURANCE DEPARTMENT AS OF DEC 31 1913 INCOME Cash balance brought forward Premiums collected Premium notes collected Interest on premium notes Interest on bonds Interest on mortgage refunded Rents Dividend Checks returned Dan Metts Mortgage loan Sale of furniture and fixtures Sale of certificates of deposit Court costs refunded Total income 319 18 1850 13 441 91 3 75 60 00 70 00 29 50 76 94 400 00 300 00 1600 00 13 48 5164 89 DISBURSEMENTS Salary Special Deputy Auditing Clerical salaries Legal advertising Postage Bent Comp settlement of Atlanta Trust Co claim Unpaid checks charged back Exchange discount and protest fees Court costs Notes payable Interest on notes payable Total disbursements Cash on hand 13 48 Bank balance 1150 68 201 93 355 00 348 00 43 18 10 00 293 90 150 00 460 56 3 50 207 58 1900 00 27 08 4000 73 1164 16 5164 89 Xll ComptrollerGenerals Report EXHIBIT B Atlanta January 1st 1914 Hon Wm A Wright Insurance Commissioner j Atlanta Ga Dear SirAs State Fire Inspector I investigated the following suspicious fires during the year 1113 No 1At 15 Peter Street Atlanta Ga a tire oc curred there on the night of December 30th 1912 This I re caused a damage to both 13 and 15 Peters Street without doubt this fire was of incendiary origin I am satisfied both places were overinsured No 2About 2 A M January 6th several buildings were burned at Seville Ga My investigation brought out that quite a feeling existed between some of the in terested parties For that reason I turned this case over to the Solicitor General of that circuit Up to date he has not reported to me what action he has taken in the case No 3At 320 A M on January 11th a fire occurred in the Fruit and grocery store of C Paris 209 Broad Street Albany Ga This place was no doubt set on fire gasoline was used and two separate and distinct fires were discovered in this store they were in no way con nected Strong circumstancial evidence pointed to the proprietor as the guilty party No doubt this was anoth er case of overinsurance This case was turned over to the Solicitor General for further investigation Xo 4Vienna Ga had a tire the night of December 31st 1912 originating in the store of H Orovitz The insurance adjuster visited this place and had practically made the assurred an offer for settlement before I was notified My investigation satisfied me that this was anComptrollerGenerals Eeport Xlll incendiary fire and overinsured but I failed to find any direct evidence against any particular person No 5A fire at Elizabeth da was reported to me as being suspicious this fire occurred January 21st From my investigation it appears that this was an acci dental fire No 6I investigated a fire that occurred at Brinson Ga the 12th of December 1912 This fire was in the house of Mrs Chandler and was without doubt of incen diary origin When I arrived at Brinson Mrs Chandler had moved away I also found she had shipped a lot of household goods off the day before the fire This fire had occurred more than a month before this office was noti fied For that reason I was very much handicapped in making my investigation The ease with several affi davits were turned over to the Solicitor General of that circuit No 7A fire occurred at Winder Ga about 400 oclock in the morning of January 5th This is another case of overinsurance and the insurance companies wait ing too long after the fire before notifying this office 1 went to Winder immediately after being notified about this fire when I arrived I found every tiling had been moved and the place cleaned up and the proprietor moved out in the country No 8There was a suspicious fire reported to me that occurred at 104 Luckie Street January 27th There were two fires at this place the same day This place was occupied by Mrs C L Boundtree The furniture was claimed by Mr J M Allen and insured in his name lie seemed to know very little about this fire In my opinion this was an incendiary fire and overinsured I was un able to find any evidence of arson against any particular personXIV ComptrollerGenerals Keport No 9At the request of Mayor Chappell of Colum bus Ga I visited Columbus for the purpose of investi gating several fires that occurred there recently I found several suspicious fires but failed to find any evidence against any particular person No 10I visited Sparks Ga for the purpose of investigating a fire that occurred there on the night of January 25th The insurance people had failed to no tify me about this fire until February 18th and after an adjuster had been there in an effort to settle the loss This was no doubt an incendiary fire The Solicitor Gen eral of that circuit was notified to look into this fire No 11A fire occurred at Columbus Ga at a large cotton compress on the railroad March 1st As there was considerable difference of opinion about this fire I was requested to investigate it I failed to find any sus picious circumstances that looked like an incendiary fire and am of the opinion that as the cotton was on an open platform that the fire was caused by cinders from an No 12There was a very suspicious fire at Swainsboro Ga on the night of February 25th in a vacant house owned by C M Flanders The Grand Jury found a true bill against Flanders for arson I Ead eighteen witness es for the Grand Jury After using only four of the wit nesses they immediately found a true bill against Fland ers for arson I am satisfied he would have been convic ted when tried Mr Flanders was taken sick and died before the case was tried No 13On February 23d there was a fire in the store of J Saul Marietta Ga Several parties thought this a suspicious fire and I was requested to make an investigation T failed to find anything that appeared toComptrollerGenerals Report xv be of incendiary origin it looked like an accidental fire The insurance adjuster also was of the same opinion No 14I Was requested to investigate a fire that oc curred in a negro house at LaGrange Ga This building was owned by the LaGrange Bank Trust Co The Chief of Police assisted me in this investigation We found this to be a case of a lot of negroes in a drunken frolic We were both satisfied this fire was caused by carelessness N0 15A suspicious fire occurred in Macon Ga on the night of March the 8th There were some suspicious circumstances surrounding this fire I gave same a thor ough investigation and then a detective spent over two weeks on this case but failed to find any distinct eviden ce against any one No 16I investigated a fire that occurred in one of the colored public schools at Rome Ga This fire oc curred in the morning of March 12th Very little damage was done at this fire and 1 am of the opinion it was care lessly done by some children looking for birds nests No 17A fire occurred at Brunswick Ga February 16th This was beyond doubt an incendiary fire I ac cumulated a lot of evidence and turned same over to the Solicitor General This fire was in the grocery store of M T Goodbrad This case was taken before the Grand Jury but they did not think the evidence was strong enough against any particular person to retrun a bill No 18During the week of April 14th I attended court at Swainsboro and was before the Grand Jury with witnesses against C M Flanders charged with arson The Grand Jury found a bill against Flanders Immedi ately afterwards he was taken sick and died before the trialXVI ComptrollerGenerals Beport No 19I was asked to investigate a fire that occur red at Butler Ga the latter part of April destroying a house owned by Mr I 0 Cox which I am satisfied was incendiary Before my arrival a negro by the name of Jim Leonard had been arrested for arson He was tried before a Justice of tbe Peace who dismissed the case stating that the evidence was not positive enough I found very strong circumstancial evidence against this negro but the Justice wanted direct proof No 20In the early part of May I visited Americus Ga for the purpose of investigating the burning of the barn of N A Bay 21 miles from Americus I visited this place with the Sheriff We are both satisfied this was an incendiary fire but could find no evidence against any particular person Mr Bay offered a reward of 300 00 and the Governor 20000 to find the guilty parties but up to date no clue has been found No 21I visited Waynesboro Ga by request As they had had several suspicious fires the past year the Mayor and others thought if the State would show an interest there in looking after suspicious fires that the moral effect would be very beneficial I found several suspicious fires but could get no direct evidence No 22While at Waynesboro Ireceived a wire from Augusta reqesting me to stop by there and investigate quite a number of small incendiary fires I found sever al had occurred in the same neighborhood I felt satis lied that they were started by some irresponsible parties I got the Council to offer a reward for the arrest and conviction of any one The Chief of Fire Department wrote me recently that he thought my visit and the re ward had had the desired effect as all such fires had stoppedComptrolleeGeneeals Repctit XV11 No 23I investigated a fire that occurred at 234 Whitehall Street Atlanta Ga on February 20th This fire had happened some time before a request was made for an investigation On examination I found other par ties occupying this room and the party that had had the fire had moved out and was out of business and could not be found From the best information I could get this party had a very small stock with heavy insurance No 24A barn was burned at Jefferson Ga May 13th I visited that place and the result was that a ne gro who I am satisfied burned this barn by the name of Emory Montgomery is now in jail and will be tried at the October term of court No 25In the early part of June upon request I visited Savannah Ga for the purpose of investigating several fires that had recently occurred there All the fires except the one at 402 W Broughton Street were in my opinion accidental ones This Broughton Street fire was in the store of Robinson Bros It had all the ap pearance of being oiled and of incendiary origin This is another case of overinsurance No 26In June a fire occurred at 63 Beecher Street Atlanta in a house occupied by Mrs A Newsome I gave this place a thorough investigation and found be yond doubt this fire was of incendiary origin and the furniture was overinsured Some of the furniture claim ed to have been burned and also claimed by three furni ture dealers in the city has been located at Woodsides warehouse and is held there under an attachment This Mrs Newsome I am informed has left Atlanta and up to the present has not made a claim for her insurance The furniture dealers are watching this case and should she return her case will be turned over to the Solicitor GeneralXV111 omptisoelerGenebals Report No 27A suspicious fire was investigated by me that occurred in Sandersville Ga January 1913 After the assured had been settled with it was rumored that most of the furniture had been moved to the country just be fore the fire occurred The matter is now being investi gated by the sheriff and myself The sheriff thinks he will soon be able to locate some of the goods No 28A fire occurred at 587 Marietta Street At lanta about 5 A M on July 10th This was without doubt an incendiary fire and overinsured but I could not get any direct evidence The assured made claim for 27500 damages 1 am satisfied that every thing in the house did not amount to that much When I started my investigation the assured accepted 10000 in full settlement from the insurance company who had the furniture insured for 50000 No 29A fire occurred at 908 Broad Street Augus ta Ga about 250 A M July 8th This was a suspicious lire and was being investigated by the Augusta officers and myself when the insurance companies made a settle ment of the loss which caused the officers to stop the investigation Xo 30I investigated two suspicious fires that oc curred at Colquitt Ga one on July 23d and the other July 26th Both in my opinion were of incendiary ori gin The one on July 23d did very little damage 1 was unable to find who the guilty party was The one of July 26th was another case of overinsurance Oil was used at this fire Some very strong circumstantial evi dence looks had for the proprietor This case lias been turned over to the Solicitor General No 31I investigated a very suspicious fire that oc curred at 21 and 2 Piedmonl Avenue Atlanta ThisComptrollerGeneral s Report xix was beyond doubt an incendiary fire They carried an insurance of 3200000 with a complete inventory of stock of only 1429129 This case has been turned over to the Solicitor General I found where two separate and distinct fires occurred at the same time in no way connected This firm I am informed has gone into bank ruptcy No 32A suspicious fire occurred at 855 Mulberry Street Macon Ga at 2 A M August 24th This was a vacant house I am satisfied it was set on fire A de tective was employed on the case but failed to find evi dence enough to prosecute any one No 33I was requested to investigate a fire that occurred at Marietta Ga in the Palace Drug Co on the morning of September 11th I examined this place and found the drug store owend by negros They had a very small stock with no insurance For the above reasons I am satisfied the interested parties were in no way to blame for this fire No 34There was a fire at Fitzgerald Ga August 14th that I investigated I am satisfied this was an in cendiary fire Strong circumstantial evidence is against the assured who has left the state and now resides in Meridian Miss The insurance company has held up this claim and we are waiting for the owner to return from Meridian This is another case of overinsurance and I am satisfied this was not an accidental fire No 35On September 20th there was a fire in the rear of 38 and 40 York Avenue Atlanta Ga This place was occupied by a negro woman named Addie Daniels and well overinsured In less than two 2 days after this fire the company she was insured with settled with her by paying her cash 5050 and she immediately leftXX ComptrollerGeneral s Eeport for parts unknown On account of this quick settlement I had no chance to investigate this case any more The company acknowledged to me that it looked like a crook ed loss to them No 36A fire occurred on October 22d at 34 Walton Street Atlanta Ga This was beyond doubt an incendi ary fire It looked very much like a case of spite I turned this entire matter over to the Police Department So far I understand nothing definite has been found No 37I investigated a fire that occurred in Macon Ga September 17th in the grocery store of C L Lewis His stock was overinsured and no doubt this place was set on fire I got quite a number of affidavits and other evidence against Lewis and had him arrested on the charge of arson I will appear before the Grand Jury on this case as soon as it meets No 38The latter part of October I attended court at Jefferson Ga for the purpose of prosecuting Emory Montgomery colored who had already been charged with arson From the evidence I had accumulated this negro was found guilty of arson and the judge gave him 12i2 years in the penitentiary While at this court I assis ted in prosecuting a white man by the name of Will Cum mins for burning a barn of the estate of W H Brasel ton He also was convicted and the judge gave him live 5 years in the Penitentiary No 39On November 5th I appeared before the Grand Jury at Macon Ga to investigate the charge of arson against C L Lewis I had eleven 11 witnesses for the Jury After using two they found a true bill against Lewis for arson and ordered him rearrested Mis case will come up for trial at the Spring term of courtComptrollerGenerals Report XXI Xo 40I was requested to investigate a fire that destroyed the barn of Wm T Nash November 10th about six miles from Lawrenceville I visited this place with the sheriff and it appeared to both of us as an acci dental fire We failed to find any suspicious circumstan ces No 41On November 3d a house at Funston Ga near Moultrie was burned I visited this place and se cured several very strong affidavits against the owner of the property All of my evidence has been turned over to the Solicitor General He has agreed to bring the case before the Grand Jury that will meet in January This is no doubt a case of arson No 42A barn was burned near Hartwell Ga This was without doubt an incendiary fire Strong circum stantial evidence points against one of the tenants on the place I got several affidavits and turned all my evi dence over to the Solicitor General and he has agreed to take the case up with the Grand Jury as soon as it meets No 43A fire occurred at 291 and 293 E Hunter Street Atlanta Ga October 8th This is in my opinion an incendiary fire The case is now in the hands of the Detective Department and is being investigated 44A fire occurred on November 10th at 295 Mar ietta Street Atlanta Ga This was a cap factory I in vestigated this place and am satisfied the proprietor is guilty of arson as well as forgery I submitted my evi dence to the Grand Jury and in a few moments they found four true bills against the proprietor L Weinberg 3 for foroerv and 1 for arson He was arrested and put m jail on his failure to make a 500000 bond He will no doubt be tried during the Siring term of courtXX11 ComptbollebGeneeal s Repoet No 45I was called to Alaeon Ga to investigate a suspicious fire that occurred November 11th at 129 Cot ton Avenue Three fires at this place caused very little damage two of them no doubt were of incendiary origin Flic proprietor thinks some enemy is trying to burn him out but we were unable to find evidence against any par ticular person The proprietor does not suspect any one in particular No 46There was another fire at Maeon Ga at 418 Vineville Avenue I am satisfied this place was set on fire and a quantity of oil was used this was a very suspi cious fire This case is now in the hands of a detective No 47I investigated a suspicious fire that occurred November 23d about 430 A M at 209 Luekie Street Atlanta Ga This was a very small stock of groceries heavily overinsured but I could not find any evidence against any particular person No 48I went to Waynesboro Ga to investigate a suspicious fire that occurred there November 25th This fire appeared to have started in the office occasionally occupied by Dr J B Hiers This no doubt is an incen diary fire and is being now investigated by the proper authorities No 49A fire that occurred at Norristown October 21st I investigated but could find no evidence against any one that I could charge with arson No 50A fire occurred at Savannah Ga December 16th I investigated this fire and secure a number of affidavits The case is still being investigated and lias not been closed No 511 visited Monticello Ga for the purpose of investigating the burning of a barn about 5 miles in theComptrollerGenerals Report xxin country I took the sheriff out to this place with me We failed to find any evidence against any one No 52 I am now investigating a fire that occurred in Rome Ga December 14th Certain parties are under suspicion and are now being looked after Hints and Suggestions 1 Insurance agents and bookers in writing policies can do efficient fire prevention work by paying more at tention to the moral hazard and as to whether or no the property is overinsured and less to the amount of then commissions 2 Keep your place in such condition that if a person wanted to start a fire he would have to first hunt tor the material with which to start it with 3 Persons in charge of churches schools and other public buildings should see to it that all doors open out ward and are frequently examined so in case of emer gency they will open freely Serious loss of life is often occasioned by exits becoming blocked and not working freely o Each suspicious fire reported or that I heardof in the state was investigated by me I have numbered each inspection so as to conform to the same number on my rePThere have been two trials for arson and both were convicted and both received a penitentiary sentence 1 have secured five true bills from Grand Jurys four in Fulton County and one in Bibb County Six other cases are now being investigated by Solicitor Genera s and three are now under investigation by sheriffs hiet ol Police and myself A large majority of the incendiary cases 1 have in vestigated I find to be overinsured If local agentsXXIV omptbolleeGeneeals Eepoei would exercise more care in writing insurance and see that the property is not overinsured I am satisfied in cendiary fires would be greatly reduced I could render better service in a number of cases if I received more prompt notice In several instances Insurance Adjusters have visited the places where fires occurred and failing to make a satisfactory settlement then report the case to me for investigation I should be notified just as soon after a fire occurrs as is possible Quirk action will get best results Very truly yours W R JOYXEB State Fire Inspector I PIComptrollerGenerals Report xxv INSURANCE DEPARTMENT STATE OF GEORGIA LIST OF INSURANCE COMPANIES ASSOCIATIONS AND FRATERNAL ORDERS LICENSED TO DO BUSINESS IN GEORGIA FOR THE YEAR 1914 I FIRE AND FIRE AND MARINE COMPANIES GEORGIA COMPANIES Name of Company Home Office I Atlantic National Ins CoMacon Ga i Atlanta Home Ins CoAtlanta Ga Columbia Fire Ins CoAthens Ga Georgia Fire Ins CoCedartown Ga Name of Company Home Office Georgia Home Ins CoColumbus Ga Savannah Fire Ins CoSavannah Ga Southern Mutual Ins CoAthens Ga NONRESIDENT COMPANIES Name of Company Aachen Munich Fire Ins Co Aetna Insurance Co Agricultural Fire Ins Co Alliance Insurance Co American Central Fire Ins Co American Druggists Ins Co American Ins Co Atlas Assurance Co Boston Insurance Co British America Assurance Co Caledonian Ins Co Camden Ins Co Citizens Fire Insurance Co Citizens Insurance Co City of New York Ins Co Commercial Fire Ins Co of D C Commercial Union Assurance Co Commonwealth Ins Co Concordia Fire Ins Co Connecticut Fire Ins Co Continental Insurance Co Home Office Attorney for Service Dixie Fire Insurance Co Equitable Fire Marine Ins Co Equitable Insurance Co FidelityPhoenix Fire Ins Co Fire Association of Philadelphia Fireman s Fund Ins Co Fireman s Insurance Co New York City Hartford Conn Watertown N Y Philadelphia Pa St Louis Mo Cincinnati O Newark N J New York City Boston Mass Toronto Canada New York City Camden N J Baltimore Md St Louis Mo New York City Washington New York City New York City Milwaukee Wis Hartford Conn New York City Greensboro N C Providence R I Charleston S C New York City Philadelphia Pa San Francisco Cal i Newark N J D B Harris Clarence L Ruse T I Lynch Edward S Gay C H Godfrey B S Persons L J Leonard C C Hatcher Wm L Wilson Chas H Godfrey W Floyd Johnson D B Harris Robt N Hughs Egleston Prescott Wm H Rhett W I Harris D I Mclntyre Frank H Reynolds L C Quinn S C Williams J L Riley Co E J Dickey J J McKay F H Reynolds A L Waldo W E Chapin Edgar S Wilson Jas L Riley Address Atlanta Atlanta Atlanta Atlanta Atlanta Macon Atlanta Atlanta Savannah Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Athens Atlanta Atlanta Atlanta Macon Atlanta Atlanta Atlanta Macon Atlantaxxvi ComptrollerGenerals Report Fire and Fire and Marine CompaniesNonResidentContd Name of Company First National Fire Ins Co Franklin Fire Ins Co German Alliance Ins Co GermanAmerican Ins Co Germania Fire Ins Co Girard Fire Marine Ins Co Glens Falls Fire Ins Co Globe Rutgers Fire Ins Co Great Southern Fire Ins Co HamburgBremen Ins Co Hanover Fire Ins Co Hartford Fire Ins Co Home Ins Co Insurance Co of North America Insurance Co State of Penn Liverpool London Globe Eng Liverpool London Globe N Y London Assurance Corporation London Lancashire Fire ins Co Lumber Insurance Co Lumber Mutual Ins Co Lumber Underwriters Lumbermen s Mutual Ins Co Mass Fire Marine Ins Co Mercantile Mutual Five Tns Co Milwaukee Mechanics Tns Co Nationale Fire ins Co of Paris France National Fire Tns Co National Union Fire Tns Co Newark Fire Insurance Co New Brunswick ins Co New Hampshire Tns Co Niagara Insurance Co Nord Deutsche Fire Tns Co North British and Mercantile Insurance Co Northern Assurance Co Lim Northern Insurance Co Narth River Insurance Co Norwich Union Fire Ins Society Orient Insurance Co Pacific Fire Tns Co Palatine Tns Co Lim Pennsylvania Fire Tns Co Penn Lumbermens Mut Tns Co Penn Millers Mutual Fire Tns Co Peoples National Fire Tns Co Phenix Fire Tns Co of Paris France Home Office Washington D C Philadelphia Pa New York City New York City New York City Philadelphia Pa Glens Falls N Y New York City Lyndon Ky New York City New York City Hartford Conn New York City Philadelphia Pa Philadelphia Pa New York City New York City New York City New York City New York City Boston Mass New York City Mansfield Ohio Boston Mass Providence R I Milwaukee Wis Providence R I Hartford Conn Pittsburg Pa Newark N J N Brunswick XI Manchester N H New York City New York City New York City New York City New York City New York City New York City Hartford Conn New York City New York City Philadelphia Pa Philadelphia Pa WilkesBarir Pa Philadelphia Pa attorney for Service W R Hoyt Address W I Harris Wm B Stovall S Y Tupper Jr S Y Tupper Jr S C Williams Jno A Whitner A L Brooks J L Riley Co W F Patillo J L Wright Egleston Prescott Chas W Phillips Edward S Gay 1 T Melntyre B P Walker Jr B P Walker Jr E S Kellv F W Cole J L Riley Co F W Vaughn Win A Wright F Wade Vaughn las L Dickey Jr Wm A Wright Wm H Hill Wm A Wright H T Powell C A Thornton J L Wright R N Hughs W M King J Hall Miller W II Rhett Win H Hill Edgar Dunlap Milton Dargan Jr J L Riley A Wilkerson J F Lewis Jno A Whitner W E Chapin I Wade Vaughn P Wade Vaughn Robert N Hughs Providence R 1 Wm A Wright Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta AtlantaComptrollerGeneeal s Report XXVll Fire and Fire and Marine Companies NonResidentContd Name of Company Home Office Phoenix Assurance Co LiraNew York City Phoenix Fire Ins CoHartford Conn ProvidenceWashington Ins Co Providence B Attorney for Service Queen Insurance Co of America Ehode Island Fire Ins Co Eoyal Exchange Ins Co Eoyal Ins Co Lim Liverpool Scottish Union National Ins Co Security Fire Ins Co Springfield Fire Marine Ins Co Standard Fire Insurance Co St Paul Fire Marine Ins Co Sun Insurance Office England Svea Fire Life Ins Co Union Fire Ins Co of Paris France United Firemens Ins Co United States Fire Ins Co Westchester Fire Ins Co Western Assurance Co Williamsburg City Fire Ins Co Yorkshire Insurance Co Lim New York City Providence E I New York City New York City Hartford Conn New Haven Conn Springfield Mass Hartford Conn St Paul Minn New York City New York City Providence E I Philadelphia Pa New York N Y New York City Toronto Canada New York City New York City Edgar Dunlap E Lipscombe D B Harris S Y Tupper Ins Commr A L Brooks Milton Dargan W E Hoyt D B Harris Jas L Dickey Jr W A Wright A B Tumlin J T Fitten D B Harris D I Mclntyre E N Hughs Wm A Wright Edgar Dunlap Chas H Godfrey E N LeVert Milton Dargan Address Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta II LIFE COMPANIES GEORGIA COMPANIES Name of Company Home Office Name of Company Home Office Cherokee Life Insurance CoEome Ga Commercial Life Ins Casualty CoSavannah Ga Cosmopolitan Life Ins Co The Atlanta Ga Empire Life Ins Co TheAtlanta Ga State Mutual Life Ins CoEome Ga Standard Life Insurance CoAtlanta Ga NONRESIDENT COMPANIES Namo of Company Aetna Life Ins Co American Central Life Ins Co Am National Ins Co Atlantic Life Ins Co Bankers Reserve Life Co Citizens National Life Ins Co Columbia Life Insurance Co Home Office Attorney for Service Hartford Conn Indianapolis Ind Galveston Tex Eichmond Va W E Hawkins Wm A Wright W A Oliver Ins Commr Omaha Neb Wm A Wright Anchorage Ky Cincinnati Ohio F L Wilkinson B F Eeins Address Atlanta Atlanta Atlanta Atlanta Atlanta Albany Atlantaxxvm ComptrollerGenerals Keport Life CompaniesNonResidentContd Name of Company Columbian National Life Ins Co Connecticut Mutual Life Ins Co Equitable Life Assurance Society Federal Life Ins Co Fidelity Mutual Life Ins Co Franklin Insurance Co Germania Life Insurance Co Home Life Insurance Co Home Office Attorney for Service Independent Life Ins Co Illinois Life Insurance Co Indiana National Life Ins Co International Life Insurance Co InterSouthern Life Ins Co Jefferson Standard Life Ins Co Life Insurance Co of Virginia Manhattan Life Insurance Co Maryland Life Insurance Co Mass Mutual Life Ins Co Meridian Life Insurance Co Metropolitan Life Insurance Co Michigan Mutual Life Ins Co Missouri State Life Insurance Co Mutual Benefit Life Insurance Co Mutual Life Ins Co of N Y National Lite Accident Co National Life Ins Co National Life Ins Co of D S A New England Mutl Life Ins Co New York Life Insurance Co North American Life Ins Co Northwestern Mut Life Ins Co Pacific Mut Life Insurance Co Pan American Life Ins Co Penn Mutual Life Insurance Co Philadelphia Life Ins Co Phoenix Mutual Life Ins Co Boston Mass Hartford Conn New York N Y Chicago 111 Philadelphia Penn Springfield 111 New York N Y New York N Yr Nashville Tenn Chicago 111 Indianapolis Ind St Louis Mo Louisville Ky Raleigh N C Richmond Va New York NY Baltimore Md Springfield Mass Indianapolis Ind New York N Y Detroit Mich St Louis Mo Newark N J New York N Y Nashville Tenn Montpelier Vt Chicago 111 Boston Mass New York N Y Chicago 111 Milwaukee Wis Los Angeles Cal New Orleans La Philadelphia Penn Philadelphia Pa Hartford Conn Pittsburg Life Trust CoPittsburg Pa Prudential Ins Co of Am Reliance Life Insurance Co Reserve Loan Life Ins Co Security Mutual Life Ins Co Southern Insurance Co Sou States Life Ins Co Ala Southern States Mut Life Ins Co State Life Insurance Co State Mutual Life Ass Co Travelers Insurance Co Hartford Conn Union Central Life Insurance Co Cincinnati Ohio V S Annuity Life Ins CoChicago 111 Volunteer State Life Tns Co Chattanooga Tenn Newark N J Pittsburg Pa Indianapolis Ind Binghampton N Y Nashville Tenn Atlanta Ga Charleston W Va Indianapolis Ind Worehester Mass A C Newell W A Wright F W Burr W A Wright J H Byeley B PKetchum Alex C King Wm A Wright Wm A Wright J C Tumlin E C Lester H W Campbell W A Wright Wm A Wright L Z Rosser M B YToung Joke S Davis Wm J Hartv J E Wilhelm A W Smith G S Obear Wm A Wright R L Foreman R F Shedden G C Lynch Geo M Hope Co Ins Commr R J Guinn E J Clark Win A Wright W Woods White A C Harmon Wm A Wright H C Bagley Wm A Wright Chas S Northen Wm A Wright J M Skinner J H Pearce Wm A Wright Wm A Wright J E Shepherd Wm A Wright Brutus J Clay C V LeCraw Wm A Wright Jas A Williamson Thos H Daniel Insurance Commr A W Jackson Address Atlanta Atlanta Atlanta Atlanta Ashburn Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Savannah Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Savannah Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Americus Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta AtlantaComptrollerGenerals Report IE MISCELLANEOUS COMPANIES Health Accident and General Casualty Lines GEORGIA COMPANIES XXIX Name of Company Home Office Georgia Life Ins CoMacon Ga NONRESIDENT COMPANIES Name of Company Home Office Attorney for Service Aetna Ac Liability Ins Co Hartford Conn American Bonding CoBaltimore Md American Casualty CoBeading Pa American CreditIdemnity CoNew York City American Life Accident Ins Co i Salisbury Mo American National Ins CoGalveston Tex American Surety CoNew York City Columbia Ins CoNew York N Y Columbian National Life Ins Co Boston Mass Continental Casualty CoHammond Ind Atlanta Atlanta Atlanta Atlanta Atlanta Dublin Atlanta J L Dickey Jr Atlanta A C Newell Atlanta Win A Wright Atlanta Wm A Wright E Haas J B Marbury B S Witherspoon W W Haskell W A Oliver Marion M Jackson Address Employers Liability Assur Corp BostonMass Equitable Surety Co Federal Casualty Co Federal Life Ins Co Fidelity Casualty Co Fidelity Deposit Co of Md Frankfort General Insurance Co Gen Ace Fire and Life Assur ance Corp Lim Globe Indemnity Co Great Eastern Casualty Co Detroit Mich Chicago 111 New York City Baltimore Md New York City Philadelphia Pa New York N Y New York City Reed Martin J L Biley Hartford Steam Boiler Inspec tion and Insurance Co Interstate Casualty Co Lloyds Plate Glass Ins Co London Lancashire Guar Ace Co London Guarantee and Accident 8 Co Lim Loyal Protective Ins Co Hartford Conn Birmingham Ala New York City New York N Y Wm A Wright Wm A Wright Eugene Oberdorfer Leonard Haas T I Lynch Wm A Wright W B Hoyt Shepard Bryan Maryland Casualty Co Masonic Mutual Accident Co Chicago 111 Boston Mass Baltimore Md Springfield Mass Wm A Wright Wm A Wright W F Johnson Bickerstaff Rich ards Co J L Biley Wm A Wright Aaron Haas Son Howell W E Jones Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlantaxxx ComptrollerGenerals Eeporx Miscellaneous CompaniesNonResidentContd Name of Company Masonic Protective Assn Mass Bonding Ins Co Metropolitan Casualty Co National Casualty Co National Surety Co New England Casualty Co New York Plate Glass Ins Co North American Accident Ins Co Ocean Accident and Guarantee Corp Pacific Mutual Life Ins Co Preferred Accident Insurance Co Provident Life and Accident Insurance Co Reliance Life Ins Co Ridgely Protee Assn Royal Casualty Co Royal Indemnity Co Standard Accident Ins CoDetroit Mich Home Office Worcester Mass Boston Mass New York City Attorney for Service Detroit Mich New York City Boston Mass New York City Chicago 111 New York City Los Angeles Cal New York City Chattanooga Tenn Pittsburgh Pa Worcester Mass St Louis Mo New York City Thames Mersey Marine Ins Co New York City Travelers Indemnity Co Travelers Insurance Co Hartford Hartford Conn Conn Union Marine Ins CoNew York City United States Casualty CoNew York City U S Fidelity and Guaranty Co Baltimore Md U S Health Accident Ins Co Saginaw Mich U S LloydsNew York City D J Griffin Eugene Dodd Henry M North A M Crosby Boyd Perry W A Wright Wm A Wright Shepard Bryan Edgar Dunlap A C Harmon Wm A Wright Wm A Wright J H Pearce R J Winter Wm A Wright B M Grant Co J H G Miles A L Fairie H F Rasher J A Williamson C Y Smith Jno H Mullin Wm A Wright G A Dean A L Brooks Address Macon Atlanta Augusta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Savannah Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Savannah Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta The Following Companies Are Authorized to Write Fidelity and Surety Bonds Name of Company Home Office Aetna Ac Liability Ins Co Hartford Conn American Bonding CoBaltimore Md American Surety CoNew York N Y Equitable Surety CoSt Louis Mo Fidelity Deposit Co of Md Baltimore Md Georgia Life Insurance CoMacon Ga Name of Company Home Office Maryland Casualty CoBaltimore Md Mass Bonding ins CoBoston Mass National Surety CoNew York N Y Royal Indemnity CoNew York N Y U S Fidelity Guarantee Co Baltimore MdComptrollerGeneral s Report IV ASSESSMENT FIRE COMPANIES a Companies Authorized to Operate in Four Counties Only XXXI aan Mutual Fire Ins Co Savannah Ga Sunlight Insurance CoAtlanta Ga Fire Ins CoAtlanta Ga b Farmers Cooperative Companies Farmers CoOperative Fire Ins CoJackson Ga Farmers CoOperative Ins Assn of Floyd CoKome Ga Farmers Mutual Fire Ins CoDawson Ga Farmers Mutual Ins Ass nOakman Ga Farmers Protective Fire Ins Co Lithoma Ga Free State CoOperative Fire Ins Co Danielsville Ga Gordon County Mutual Fire Storm jns goCalhoun Ga South Georgia Farmers Fire Ins q0 Thomasville Ga 11 V ASSESSMENT LIFE INSURANCE COMPANIES a Companies Authorized to do an Ordinary Life Business Name of Company Home Office Merchants Life Ass nBurlington la National Life AssnDes Moines Iowa Name of Company Home Office North Carolina Mutual Provident Assn Durham N C b Companies Authorized to do an Industrial Life Health and Accident Business merican Insurance CoSavannah Ga Atlanta Mutual Ins AssnAtlanta Ga Bankers Health Life Ins CoMacon Ga Continental Aid AssnAtlanta Ga Georgia Mutual Tnd Life Health Ins CoAugusta Ga Guaranty Mutual Life Health I ns q0Savannah Ga Industrial Life Health Ins Co Atlanta Ga Mutual Benefit Ind Life Insurance Ass n Savannah Ga Pilgrim Health Life Ins CoAugusta Ga Union Mutual Assn Atlanta Ga c Stock Companies with 2500000 Capital Authorized to do an Industrial Life Health and Accident Business II S Health Life Insurance Company Atlanta Ga XXX11 ComptrollerGenerals Eeport VI FRATERNAL ORDERS a Domestic Name Columbian Woodmen Eminent Household of Homes Friend The Knights of Moses Masons Annuity Supreme Lodge Masonic Relief AssnM W UF A M Woodmen Independent Order of Home Office Atlanta Ga Athens Ga Douglas Ga Atlanta Ga Atlanta Ga Covingtou Ga Attorney for Service Insurance Commr Insurance Commr insurance Commr insurance Commr Insurance Commr b Foreign American Woodmen Supreme Camp of Ben Hur Supreme Tribe of Denver Colo Insurance Commr Catholic Knights of America Sup Council Columbian Fraternal Association Fraternal Mystic Circle Sup Ruling of Fraternal Union of America Sup Lodge Golden Cross United Order of Golden Seal OTder of Grand Fraternity The Heptasophs Improved Order of Knights of Columbus Knights of Honor Supreme Lodge Knights of Maccabees of the World Knights of Pythias Supreme Lodge Ladies of the Maccabees of the World Modern Brotherhood of America Modern Woodmen of America National Union Praetorians Modern Order of Puritans Independent Order of Royal Arcanum Supreme Council of Southern Woodmen United Commercial Travelers of America Woodmens Circle Supreme Circle Woodmen of the World Sovereign Camp Indianapolis Ind i Insurance Commr St Louis Mo Washington D C Philadelphia Penn Denver Colo Knoxville Tenn New York N Y Philadelphia Penn Baltimore Md New Haven Conn St Louis Mo Detroit Mich ndianapolis Ind Port Huron Mich Mason City Iowa Rock Island 111 Toledo Ohio Dallas Texas Pittsburg Pa Boston Mass Birmingham Ala Columbus Ohio Omaha Neb Omaha Neb Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Commr Insurance Insurance Insurance Insurance Commr Commr Commr Commr Insurance Commr Insurance Insurance Commr CommrFIRE INSURANCE COMPANIES UNITED STATES BRANCH OF THE AACHEN AND MUNICH EIRE INSURANCE COMPANY OF AIXLACHAPELLE GERMANY Joseph A Kelsey United States Manager Principal office in United States No 80 Maiden Lane New York City ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 2525185 01 4 Kxtended at 2525185 01 IIIncome 5 Gross premiums 1769969 10 6 Deduct gross amount paid for reinsurance fire 27345844 return premiums fire 29705174 total 570510 18 7 Total premiums otber than perpetual 1199458 92 11 Gross interest on bonds and dividends on stocks less 193368 accrued interest on bonds acquired during 1912 82705 82 12 Gross interest on deposits in trust com panies and banks 3259 3o 15 Total gross interest and rents 86965 1 TT jv 10682 63 17 Home office x 1296106 72 38 Total income p IIIDisbursements Gross amount paid policyholders for losses including 9970964 occurring in pre vious years 75004157 2 Deduct amount received for salvage fire 1366251 reinsurance fire 15408670 discount fire 64127 168390 48 H Net amount paid policyholders for losses 581651 09 21943 22 255237 40 21 20 41449 63 84069 95 6961 97 10009 47 10380 73 102 67 2234 80 4700 05 2 CompteollerGeneeals Report 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 2369694 and expenses 1775269 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Bents for companys occupancy of its own buildings 10 Advertising 226798 printing and stationery 774149 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters boards and tariff associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 14 422 45 17 Inspections and surveys 1595 04 20 State taxes on premiums 20 041 11 21 Insurance department licenses and fees 859 11 22 All other licenses fees and taxes Federal corporation tax 97055 municipal licenses and tares 418118 county taxes and fees 91326 total 6 064 99 23 Other disbursements Commercial ratings 128500 Miscellaneous items 140167 total 2 686 67 28 Home office 10305 52 38 Agents balances charged off 364 gj 41 Total disbursements 1192540 53 IVLedger Assets 4 Book value of bonds 2 280 673 08 5 Cash in companys office 139 47 6 Deposit in trust companies and banks not on interest Uj557 10 7 Deposits in trust companies and banks on interest 132839 45 8 Agents balances representing business written subsequent to Oct 1 1912 19199537 9 Agents balances representing business written prior to Oct 1 1912 1 104 36 11 Bills receivable taken for fire risks 684 03 12 Other ledger assets viz Reinsurance re coverable on paid losses 9 758 34 16 Total ledger assets 2628751 20CoMPTROLLEllGrENEBAIiS REPORT 3 NonLedger Assets 18 Interest due and accrued on bonds 26097 17 39 Total 114606 47 30 Gross assets 2654848 37 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 1104 36 35 Bills receivable past due taken for ma rine inland and fire risks 684 03 38 Book value of ledger assets over market value H2818 08 39 Total 14606 47 41 Total admitted assets 2540241 90 VLiabilities 1 Gross losses adjusted and unpaid due 60000 not yet due 241169 3011 69 i Gross claims for losses in process of ad justment or in suspense plus 10 00000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 127064 83 3 Gross claims for losses resisted 18767 97 4 Total 14884449 5 Deduct reinsurance due or accrued 33744 55 6 Net amount of unaid losses and claims 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 669 472 45 unearned premiums fifty per is 334736 22 cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 152363684 un earned premiums pro rata 821713 35 115099 94 11 18 19 20 21 26 28 CompteolleeGenebals Bepokt Total unearned premiums as computed above 1156449 57 Salaries rents expenses bills accounts fees etc due or accrued 6722 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 13600 00 Commissions brokerage and other charges due or to be come due to agents and brokers 281 60 Return premiums 71033 reinsurance premiums 8 56541 total 9275 74 Total amount of all liabilities except capital 1301429 20 Surplus over allliabilities 1233812 70 Total liabilities 2540241 90 VIRisks and Premiums Fire Risks Premiums Thereon In force onthe 31 day of December 243373917 00 2418930 89 Written or renewed during the year 174637215 00 1769969 10 Total 418011132 00 4188899 99 Deduct those expired and marked off as terminated 158241399 00 1582879 53 In force at the end of the year259769733 00 2606020 46 Deduct amount reinsured 39659589 00 412911 17 Net amount in force 220110144 00 2193109 29 Business in the State of floorsin During the Year 44167 57 18676 17 Gross risks written Less 910960 risks cancelled and 956657 rensinisur ance 29 30 Net risks written Gross premiums on risks written Less 113S520 return premiums and 1108360 prem iums for reinsurance Net premiums received it Losses paid deducl ing sal age Less losses on risks reinsured in companies authorized in Georgia Net losses paidit 25491 40 55508 17 2248 80 33039 37 22688 47 5628 69 17059 78ComptrollerGenerals Report 5 31 Losses incurred 30464 91 Less losses on risks reinsured in comuanies authorized in Georgia 9594 66 Net losses incurred 20870 25 JETNA INSURANCE COMPANY OF HARTFORD CONNECTICUT Wm B Clark President E J Sloan Secretary ICapital Stock 1 Amount of capital paid up in cash 5000000 00 2 Amount of ledger assets as per balance December 31 of previous year 20533843 34 4 Extended at 20533843 34 ITIncome 5 Gross remiums 13534220 07 6 Deduct gross amount paid for reinsurance fire 146916026 marine and inland 97027021 return premiums fire 124577800 marine and inland 274 580 total 3959789 28 7 Total premiums other than perpetual 8 Deposit premiums written on perpetual risks gross 11 Gross interest on bonds and dividends on stocks less 1512599 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Interest received on account old balance Interest on old refund of N Y Bank taxes Interest on farm notes Interest received from Philadelphia Un derwriters Association 16 Gross rents from companys property in cluding 2500000 for companys occu pancy of its own buildings 850089 65 25556 37 22 78 238 01 70 83 9 45 25300 00 5574430 79 9753 28 17 Total gross interest and rents 903437 09 5 ComptrollerGenerals Report 18 From other cources Conscience fund 62500 tax on real estate recovered state of Connecticut 1011950 total 10744 50 24 Increase in liabilities during the year on account of re insurance treaties 109 83 25 From agents balances previously charged off 44 29 26 Gross profit on sale or maturity of ledger assets Bonds 760701 stocks 5833967 total 65946 68 28 Total income 10564466 46 IIIDisbursements 1 Gross amount paid policyholders for losses including 75397290 occurring in pre vious years 6403569 94 2 Deduct amount received for salvage fire 5462726 marine and inland 45 00386 reinsurance fire 92215019 marine and inland 40205499 dis count fire 175905 total 1425595 35 10 11 12 13 14 15 16 17 18 19 20 21 22 Net amount paid policyholders for losses 4977974 59 Expenses of adjustment and settlement of losses 57195 14 Commissions or brokerage 1856453 32 Salaries 18982052 and expenses 14242323 of special and general agents 332243 75 Salaries fees and all other charges of officers directors trustees and home office employees 398236 87 Bents including 2500000 for companys occupancy of its own buildings 63993 10 Advertising 1751845 printing and stationery 91 39068 total 108909 13 Postage telegrams telephone and express 58032 74 Legal expenses 9998 84 Furniture and fixtures 19261 55 Maps including corrections 17 967 03 Underwriters Boards and Tariff Associations 81598 77 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 19646 30 Inspection and surveys 68788 24 Repairs and expenses other than taxes on real estate 3713 90 Taxes on real estate 9709 25 Stale taxes on premiums 15273474 Insurance department licenses and fees 29057 41 All other licenses fees and taxes Federal corporation tax 10402 17CoMPTROLLERGrENERAIiS REPORT 7 Fire department taxes 3686000 city and town licenses 1715759 total 54017 59 Tax on franchises 900 stockholders tax 14500000 total 145009 00 Fire marshal tax 751756 personal prop erty tax 453035 total 1204791 Total 221476 67 23 Other disbursements Equipment of printing department 406324 auditing 100000 coal 127081 electric light and gas 319258 ice 35278 janitors and engineers supplies 212896 laundry 162294 lunch system 1419530 newspaper subscriptions etc 131430 water 27332 vault protection 68313 pensions 60000 cartage 118858 premiums on fire and liability policies 19300 mercantile agencies 1 92900 total 34007 94 32 Paid Munich Reinsurance Co for interest on balance 19076 50 33 Deposit premiums returned 3396 60 34 Paid stockholders for interest or dividends amount de clared during the year 80000000 800000 00 38 Agents balances charged off 2287 39 GtossIoss on sale or maturity of ledger asset viz Bonds 3425217 stocks 1712583 total 51378 00 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 550 00 41 Total disbursements 9397688 02 IVLedger Assets 1 Book value of real estate 592207 93 3 Loans secured by pledge of bonds stocks or other collateral 100000 00 4 Book value of bonds 1357634724 and stocks 408615610 total 17662503 34 5 Cash in campanys office 4136 84 6 Deposits in trust companies and banks not on interest 35574 98 7 Deposits in trust companies and banks on interest 1678394 70 8 Agents balances representing business written subsequent to October 1 1912 1620132 42 9 Agents balances representing business written prier to October 1 1912 7671 57 16 Total ledger assets 21700621 78IS 19 24 30 34 37 38 41 1 2 3 4 5 6 7 ComptrollerGenerals Report NonLedger Assets Interest due and accrued on bonds 94621 05 Interest due and accrued on collateral loans 833 33 tal 95455 28 Market value not including interest in item 18 of bonds and stocks over book value 1 480 373 80 Gross assets 23276450 86 Deduct Assets Not Admitted Agents balances representing business written prier to Oct 1 19 2 7671 57 Overdue and accrued interest on bonds in default 40 00 Book value of ledger assets over market value viz Real estate 217 207 93 Ttal 224919 50 Total admitted assets 23 051 53 3fl VLiabilities Gross losses adjusted and unpaid not yet due 10950979 Gross claims for losses in process of ad justment or in suspense plus 40 55641 reserve for losses incurred prior to December 31 of which no notice had been received on that date 793 737 52 Gross claims for losses resisted 55 845 77 Tolal 959093 08 Deduct reinsurance due or accrued 247 949 49 Net amount of unpaid losses and claims 711 143 50 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 Are risks 4366 62073 unearned premiums fifty per cent 21S3310 37ComptrollerGenerals Report 9 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 1006421126 un earned premiums pro rata 5743501 71 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 79644960 unearned premiums fifty per cent 398224 80 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 3915985 unearned premiums 100 per cent 39159 85 11 Total unearned premiums as computed above 8364196 73 12 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or deposit received 104750 75 18 Salaries rents expenses bills accounts fees etc due or accrued 1000 00 19 Estimated amount hereafter for federal state and other taxes based upon the business of the year of this statement 150000 00 23 All other liabilities viz Balance held for Munich Re insurance Co under contract 482047 79 26 Total amount of all liabilities except capital 9813138 86 27 Capital actually paid up in cash 5000000 00 28 Surplus over all liabilities 8238392 50 29 Surplus as regards palicyholders 13238392 50 30 Total liabilities 23051531 36 VTBisks and Premiums 1 In force on the 31 day of December 17059532 42 2 Written or renewed during the year 13534220 07 4 Total 30593752 49 5 Deduct those expired and marked off as terminated 12405857 01 6 In force at the end of the year 18187895 48 7 Deduct reinsurance 2321454 04 8 Net amount in force 15866441 44 9 Perpetual risks not included above 504439400 de posit premiums on same 116389 72 10 ComptrollerGenerals Report Business in the State of Georgia During the Year 28 Gross risks written 22180515 00 Less 2413256 risks cancelled and 420557 reinsurance in companies authorized in Georgia 2 833 813 00 Net risks written 19346702 00 29 Gross premiums on risks written 359 919 26 Less 3155862 return premiums and 666864 premiums for Teinsurance in companies authorized in GeoTgia 38227 26 Net premiums received 321 592 00 30 Losses paid deducting salvage 217 351 37 Less losses on risks reinsured in companies authorized in Georgia 6978 91 Net losses paid 210372 46 31 Losses incurred 228 138 21 Less losses on risks reinsured in companies authorized in Georgia 6978 91 Net losses incurred 221159 30 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN NEW YORK W H Stevens President j q Adams Secretary Thomas I Lynch 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 3906144 31 4 Extended at 3996J IIIncome 5 Gross premiums 2633554 65 6 Deduct gross amount paid for reinsurance fire 52322465 return premiums fire 41298057 total 936205 22 7 Total premiums other than perpetual 1697349 43ComptrollerGenerals Beport 11 9 Gross interest on mortgage loans less 2322 accrued interest ou mortgages acquired during 1912 35717 21 10 Gross interest on collateral loans 16483 46 11 Gross interest on bonds and dividends on stocks less 992278 accrued interest on bonds acquired during 1912 111023 03 12 Gross interest on deposits in trust com panies and banks 8961 55 13 Gross interest from all other sources Contract sales of real estate 125 63 16 Gross rents from companys property in eluding 250000 for companys occu pancy of its own buildings 2500 00 17 Total gross interest and rents 174810 88 25 From agents balances previously charged off 200 00 26 Gross profit on sale or maturity of ledger assets viz Real estate 8241 bonds 551289 stocks 1 33750 total 6932 80 27 Gross increase by adjustment in book value of ledger assets viz bonds 3583 06 28 Total income 1882876 17 IIIDisbursements 1 Gross amount paid policyholders for losses including 12582426 occurring in pre vious years 1090777 81 2 Deduct amount received for salvage fire 675574 reinsurance fire 25345416 discount fire 86519 total 261075 09 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 4070578 and expenses 76340 02 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 250000 for companys occupancy of its own buildings 10 AdveTtising 964772 printing and stationery 10 97013 total 11 Postage telegrams telephone and express 829702 72 30668 49 366202 83 3511 48 117045 80 57455 47 3540 32 20617 85 1220 7812 CoMPTROLLERG ENERAL s BePORT 12 13 14 15 16 17 18 19 20 21 22 23 34 37 38 39 40 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 expense 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 Federal corporation tax 192445 municipal and county 612554 local tax on personal property 181417 total Other disbursements Audits and Insurance publications 218570 fuel and lights 82865 office sundries 80072 total Paid stockholders for interest or dividends amount de clared during the year 7500000 Decrease in liabilities during the year on account of re insurance treaties Agents balances charged off Gross loss on sale or maturity of ledger assets viz Bonds 763116 stocks 957787 total Gross decrease by adjustment in book value of ledger assets viz Bonds 342 78 2876 29 4747 02 323S1 10 13207 66 8012 14 1149 27 617 12 35327 83 9990 81 9804 36 3815 07 75000 00 32192 60 1207 20 17209 03 694 80 41 Total disbursements G8958S 62 IVLedger Assets 35927 93 745482 00 132600 00 1 Book value of real estate 2 Mortgage on real estate 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 180328025 and stocks 87921193 total 2682492 18 5 Cash in companys office 4 lg3 89 7 Deposits in trust companies and banks on interest 279354 08 8 Agents balances representing business written subsequent to Oct 1 1912 302724 51 9 Agents balances representing business written prior to Oct 1 1912 6667 27 16 Total ledger assets 4189431 8617 18 19 20 24 27 30 41 1 2 3 4 ComptrollerGenerals Eeport l NonLedger Assets Interest due 25832 and acerued 11 18031 on mortgages 11438 63 Interest due and accrued 2791398 on bonds 27913 98 Interest due 6000 and accrued 3 82044 on collateral loans 388044 Interest accrued 457 40 Total 43690 45 Other nonledger assets viz Due for reinsurance on paid losses 381831 Gross assets 4236940 62 Deduct Assets Not Admitted Agents balances representing business written prior to Oct 1 1912 6667 7 Book value of ledger assets over market value viz Eeal estate 531474 Bonds and stocks 35341 43 Total 47323 44 Total admitted assets 4189617 18 VLiabilities Gross losses adjusted and unpaid due 1941476 not yet due 3480274 54217 50 Gross claims for losses in process of ad justment or in suspense plus 11 921 25 reserve losses incurred prior to December 31 of which no notice had been received on that date 106448 25 Gross claims for losses resisted 1909425 Total 179760 00 Deduct reinsurance due or accrued 53348 00 Net amount of unpaid losses and claims 126412 00 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 14 ComptrollerGenerals Eeport iums on perpetual fire risks 842 73000 unearned premiums fifty per cent 421365 00 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 266021500 un earned premiums pro rata 1411666 45 11 Total unearned premiums as computed above 1833 031 45 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 21 Reinsurance premiums 23 All other liabilities viz Conflagration reserve 6334 01 35000 00 8834 47 200000 00 26 Total amount of all liabilities except capital 2 209 611 93 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 1 480 005 25 29 Surplus as regards poHeyholders 1 980 005 25 30 Total liabilities 4i89617 18 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December416693300 00 4109762 00 2 Written or renewed during the year 255455800 00 2633554 65 4 Total072149100 00 0743316 65 5 Deduct those expired and marked off as terminated 236731500 00 2487160 65 6 In force at the end of the year435417600 00 4256156 00 7 Deduct reinsurance 70486700 00 753211 00 8 Net amount in force364930900 00 3502945 00 Business in the State of Georgia During the Year 28 Gross risks written 2633700 00 Less 34910000 risks cancelled and 16590000 re insurance in companies authorized in Georgia 515 000 00 Net risks written 2118700 00 29 Gross premiums on risks written 29 318 00ComptrollebGenbkals Report 15 Less 382052 return premiums and 54370 premiums for reinsurance iu companies authorized in Georgia 4467 22 Net premiums received 24850 78 30 Losses paid deducting salvage 6378 75 Less losses on risks reinsured in companies authorized in Georgia 13 05 Net losses paid 6365 70 31 Losses incurred 7362 15 Less losses on risks reinsured in companies authorized in Georgia 13 05 Net losses incurred 7349 10 THE ALLIANCE INSURANCE COMPANY OF PHILADELPHIA Eugene L Ellison President T Houard Wright Secretary ICapital Stock 1 Amount of capital paid up in cash 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 2062925 63 4 Extended at 2062925 63 ITIncome 5 Gross premiums 1478300 85 6 Deduct gross amount paid for reinsurance fire 16380938 marine and inland 4149723 return premiums fire 129 54042 marine and inland 5701016 441857 19 7 Total premiums other than perpetual 1036443 73 8 Deposit premiums written on perpetual risks gross 2719 50 11 Gross interest on bonds and dividends on stocks less 264407 accrued interest on bonds acquired during 1912 68848 43 12 Gross interest on deposit in trust com panies and banks 1973 3616 ComptbollebOeneeals Repobt 14 Branch office bank balances R 15 Deferred settlements j8 39 17 Total gross interest and rates 19 Perpetual deposit fees 70884 76 26 Gross profit on sale or maturity of ledgeassets bonds D 483 00 28 Total income 1110569 36 HIDisbursements 1 ormUt Pid Vliahm r osses 636963 02 i Deduct amount received for salvage 404755 marine and inland 16316 43 reinsurance fire 11140620 marine and inland 17 116 13 LM 148886 30 3 Net amount paid policyholders for losses7Z7 srfi 7 6 Allo to local agencies for Glaucousagency 8 Salaries fees and all other charges of officers actors 2346 trustees and home office employees 9 Rents for companys occupancy of its own buildings fojo 11 Postage telegrams telephone and express J 12 Legal expenses 354 33 13 Furniture and fixtures 2178 82 14 Maps including corrections 254 41 15 Underwriters Boards and Tariff Associations Il l 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses essments 17 Inspections and surveys G079 33 20 State taxes on premiums 923 4S 21 Insurance department licenses and fees 14693 73 22 All other licenses fees and taxes faV V V 6133 6S 2 55fiS n federal tax ilHl rPeMsania tax on capital stock Jddbl8 c Municipal Licenses 9 Un 07 24 Registration of stock 234087 8212 73 33 Deposit premiums returned 50 00 PacHCdh0derr int6rVsi Vonl clared during the year 39 Gross loss on sale or mitmitvnf 7 1 0n matuntj ol ledger assets bonds D 335 00 41 Total disbursements 881483 22GOMPTBOLLBEG KNEUAIiS EePORT IVLedger Assets 17 4 Book value of bonds 181246025 and stocks 175 51525 total 5 Cash in company e office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subse quent to October 1 1912 9 Agents balances representing business written prior to October 1 1912 10 Bills receivable taken for marine and inland risks 1987975 50 59 18 9763 80 145281 12 140226 12 4559 80 1146 25 10 Total ledger assets 2292011 77 NonLedger Assets 18 Interest accrued on bonds 28 Salvage claims 21010 38 1165 00 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 39 Bonds and stocks 4559 80 74393 00 40 Total 41 Total admitted assets 78952 SO VLiabilities 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on per petual fire risks 47396907 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 55277627 unearned premiums pro rata 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 10184953 unearned premiums fifty per cent 160100 00 236984 54 300525 01 50924 7718 ComptrollerGenerals Report 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 106 29820 unearned premiums 50 and 100 per cent 11 Total unearned premiums as computed above 12 Amount reclaimablo by the insured on perpetual fire insur ance policies being 90 per cent of the premium or de posit received 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or td be come due to agents and brokers 21 Reinsurance premiums 27 Capital actually paid up in cash 28 Surplus over all liabilities 750000 00 631031 30 64742 95 653177 27 14977 58 7000 00 12750 00 6198 20 29 Surplus as regards policyholders 30 Total liabilities Business in the State of Georgia During the Year 28 Gross risks written Less 46698800 risks cancelled and 65783700 reinsur ance in companies authorized in Georgia Net risks written 29 Gross premiums on risks written Less 418136 return premiums and 852509 premiums for reinsurance in companies authorized in Georgia Net premiums received 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized Georgia 1381031 30 854203 05 2143519 00 1124825 00 1018694 00 29004 88 12706 45 16298 43 5865 10 1469 65 Net losses paid j 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 4395 45 5290 73 1350 00 Net losses incurred 3940 73COMPTROLLERGrENERAL s REPORT 19 AMERICAN CENTRAL FIRE INSURANCE COMPANY OP SAINT LOUIS MISSOURI Edw T Campbell President B G Chapman Jr Secretary Guy Carpenter 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 year 5561172 78 4 Extended at 5561172 78 IIIncome 5 Gross premiums 4730957 39 6 Deduct gross amount paid for reinsurance fire 79501373 return premiums fire 69470231 marine and inland 10636 total 1489822 40 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 less 229253 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Credit bills receivable 8184 discount on losses 122166 miscellaneous 27801 less interest on bills payable 138888 total 3241134 99 1794 00 18552 24 206687 50 914 39 192 63 17 Total gross interest and rents 18 From other sources Unclaimed dividends j26 Gross profit on sale or maturity of ledger assets viz Bonds 228140 76 30 00 6292 50 28 Total income 3475598 25 IIIDisbursements 1 Gross amount paid policyholders for losses including 17447631 occurring in pre vious years 2155168 2020 ComptbollebGenebals Bepobt 2 Deduct amount received for salvage fire 1626445 marine and inland 5 65565 reinsurance fire 44664333 total 408563 43 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 0 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 11670729 and expenses 6729568 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Bents 10 Advertising 176059 printing and stationery 39 57268 total 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 567924 municpal 342404 state and county 4074 captal tax 3554492 miscellaneous 520314 total 34 Paid stockholders for interest or dividends amount de clared during the year 39 Gross loss on sale or maturity of ledger assets viz Bonds 435735 stocks 1084500 total 1086604 77 23399 04 5S91S 95 103646 59 148002 97 10140675 15346 79 41333 27 27495 55 12251 62 4807 23 9587 02 331029S 5734 01 2099904 53174 45 23714 91 49892 08 240000 00 15182 35 41 Tital disbursements 3240870 37 IVLedger Assets 2 Mortgage loans on real estate Other than first liens 31639 61 4000 00 Total 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 330349Sll and stocks 1128 51310 35639 61 297885 62 4432011 21ComptrollerGenerals Keport See below 25000 00 5 Cash in cmpanys office 11805 47 6 Deposit in trust companies and banks not on interest 171783 01 7 Deposits in trust companies and banks on interest H997 21 Total 8 Agents balances representing business written subse quent to October 1 1912 9 Agents balances representing business written prior to Oct 1 1912 11 Bills receivable taken for fire risks 12 Other ledger assets viz Certificate of deposit 65085 National Bank of Commerce St Louis Nov 29 1912 1000000 Draft No 69397 Nov 27 1912 National Bank of Commerce on Fourth National Bank New York 1500000 total 328495 60 688431 8S 13007 62 429 12 25650 85 16 Total ledger assets NonLedger Assets 17 Interest accrued 18 Interest accrued on bonds 19 Interest accrued on collateral loans 433 70 22756 82 875 00 24 Total T 26 Market value not including interest in item 18 of bonds and stocks over book value 24065 52 61719 09 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 38 Book value of ledger assets over market value 13007 62 319398 46 41 Total admitted assets 5549279 19 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 275 80030 reserve for losses incurred prior to December 31 of which no notice had been received on that date 3711082 3 Gross claims for losses resisted 71719 87 312911 12 14800 0022 ComptrollerGenerals Eeport 4 Total 5 Deduct reinsurance due or accrued 399430 99 107100 67 S62020 25 6 Net amuont of unpaid losses aud claims 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 1724 04051 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 344918130 un earned premiums pro rata 1838863 85 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 21146800 unearned premiums fifty cent 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 9861 un earned premiums 100 per cent 98 61 292330 32 105734 00 11 Total unearned premiums as computed above 2702 040 05 17 Dividends declared and unpaid to stockholders g67 g 18 Salaries rents expenses bills accounts fees etc due or accrued 3 549 9 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement gg qaq qo 20 Commissions brokerage and other charges due or to be come due to agents and brokers jq5 215 9 26 Total amount of all liabilities except capital 3139 004 06 27 Capital actually paid up in cash 2000 000 00 28 Surplus over all liabilities 410 275 13 29 Surplus as regards policyholders 2 410275 13 30 Total liabilities 5549279 19 VIRisks and Premiums Fire Risks Premiums Thereon In force December 31 1911507088214 00 5582075 12 Written or renewed during year 405344478 00 4719757 7TComptrollerGeneral s Report 23 Tolals 912432692 00 10301832 87 Deduct those expired and marked off as terminated 319722321 00 4011106 15 In force at the end of the year 1912 592710371 00 6290726 72 Deduct amount reinsured 99486312 00 1117504 91 Net amount in firce December 31 1912 493224059 00 5173221 81 Business in the State of Georgia During the Year 7492982 00 28 Gross risks written Less 153005500 risks cancelled and 129079000 re insurance in companies authorized in Georgia 282084o 00 A 4672137 00 Net risks written u3 334 03 29 Gross premiums on risks written Less 1859834 return premiums and 2048641 prem iums for reinsurance in companies authorized in Ga 39084 7o 74249 28 Net premiums received 51 489 89 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in 16510 6o Georgia Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 34979 24 54687 11 16510 65 Net losses in curred 38176 46 THE AMERICAN INSURANCE COMPANY OF NEWARK N J Philemon L Hoadley President C W Bailey Secret O L Pattillo Attorney for Service 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 9436395 81 4 Extended at 9436395 8124 ComptbollebGenebals Repobt IIIncome 5 Gross premiums 5525343 SI 6 Deduct gross amount paid for reinsurance fire 79780020 marine and inland 92022 return premiums fire 885 76087 marine and inland 680083 1691282 12 7 Total premiums other than perpetual 3934061 69 9 Gross interest on mortgage loans less 3329 accrued interest on mortgages acquired during 1912 83483 41 11 Gross interest on bonds and dividends on stocks less 380349 accrued interest on bonds acuired during 1912 281427 03 12 Gross interest on deposits in trust com panies and banks 3084 03 14 Farm bills receivable 1777 26 16 Gross rents from companys property in cluding 1815146 for companys occu pancy of its own buildings 26242 65 17 Total gross interest and rents 396014 38 25 From agents balances previously charged off 24 36 26 Gross profit on sale or maturity of ledger assets stocks 4993 13 28 Total income 4335093 56 IIIDisbursement s 1 Gross amount paid policyholders for losses including 29810788 occurring in pre vious years 2309402 21 2 Deduct amount received for Salvage fire 1509831 tionery 3760748 total 40922 S 3 Net amount paid policyholders for losses 1878922 IS 4 Expenses of adjustment and settlement of losses 53203 47 5 Commissions or brokerage 971156 59 7 Salaries 7014422 and expenses 45 03513 of special and general agents total 115179 35 8 Salaries fees and all oilier charges of officers directors trustees and home office employees 170388 51 9 Rents including 1815146 for companys occupancy of its own buildings 18204 34ComptkollerGenekal s Eepoet 25 10 Advertising 331520 printing and sta tionery 3760748 29545 65 11 Postage telegrams telephone and express 29545 65 12 Legal expenses 609 50 13 Furniture and fixtures 4150 12 14 Maps including corrections 7550 86 15 Underwriters Boards and Tariff Asso 24057 07 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 31526 50 17 Inspections and surveys 27159 71 18 Eepairs and expenses other than taxes on real estate 1882 98 19 Taxes on real estate 8013 53 20 State taxes on premiums 64921 31 21 Insurance department licenses and fees 21345 79 22 All other licenses fees and taxes a Federal corporation tax 4145 05 b Municipal taxes and licenses 9472 33 13613 38 23 Other disbursements 24 Auditing 2916 51 25 Maintenance of office inch light and heat 9800 82 26 Collecting premium notes 4688 95 27 Commercial agency 2107 65 28 Premiums on surety bonds 583 33 29 New Jersey State Examination 834 65 30 Miscellaneous Expenses at Home and Dept Offices 2400 31 31 Appraisal and fees mortgage loans 592 55 32 Total 23924 77 34 Paid stockholders for interest or dividends amount declared during the year 25000000 240000 00 Paid policyholders for interest or dividends amount declared during the year 6000 54 00 240054 00 38 Agents balances charged off 777 27 40 Gross decrease by adjustment in book value of ledger assets viz b Bonds 23603 51 c Stocks 4993 13 28596 64 41 Total disbursements 3775706 20 26 ComptrollerGenerals Report IVLedger Assets 1 Book value of real estate 408000 00 2 Mortgage loans on real estate lirst liens 175774075 other than first 1757740 75 4 Book value of bonds 431050900 and stocks 222117077 total 6531679 77 5 Cash in companys office 640 64 6 Deposits in trust companies and banks not on interest 25000 00 7 Deposits in trvist companies and banks on interest 296940 42 i 8 Agents balances representing business written subsequent to Oct 1 1912 543411 56 9 Agents balances representing business written prior to Oct 1 1912 1471 45 11 Bills receivable taken for fire risks 370898 58 16 Total ledger assets 9995783 17 NonLedger Assets 17 Interest due 263525 and accrued 21 34701 on mortgages 23982 26 18 Interest accrued 6090851 on bonds 60908 51 23 Rents due 3445 on companys property or lease 34 45 24 Total 84925 22 30 Gross assets 10080708 39 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 1471 45 35 Bills receivable past due taken for marine inland and fire risks 44550 93 39 Market value of stocks and bonds below book value 168511 44 214533 82 41 Total admitted assets 9866174 57 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense plus 2000000 re serve for losses incurred prior toCOMPTROLLERGENERAIiS REPORT 27 December 31 of which no notice had been received on that date 454082 69 3 Gross claims for losses resisted 29450 00 4 Total 483532 69 5 Deduct reinsurance due or accrued 89083 40 6 Net amount of unpaid losses and claims 394449 29 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 161641220 un earned premiums fifty per cent 808206 10 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 745471932 unearned premiums pro rata 3954506 75 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 3522877 unearned premiums fifty per cent 17614 38 11 Total unearned premiums as computed above 4780327 23 17 Dividends declared and unpaid to stock holders 7000000 to policyholders 11100 total 70111 00 18 Salaries rents expenses bills accounts fees etc due or accrued 2500 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40000 00 20 Commissions brokerage and other charges due or to become due to agents and brokers 143684 53 26 Total amount of all liabilities except capital 5431072 05 26 Special reserve fund see Chapter 25 and Laws of 1908 of N J 300000 00 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 3135102 52 29 Surplus as regards policyhblders 4135102 52 30 Total liabilities 9866174 5728 ComptrollerGeneral s Report VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 5 under this heading in last years statement 954316625 9868825 03 2 Written or renewed during the year pel income No 5 557073166 5537171 71 4 Total 1511389791 15494168 84 5 Deduct those expired and marked off as terminated 486908582 5212698 44 6 In force at the end of the year 1024481209 10281470 40 7 Deduct reinsurance 113743504 1175110 11 8 Net amount in force 910737705 9106360 29 Business in the State of Georgia During the Year 28 Gross nisks written 3780641 00 Less 819622 risks cancelled and 85628700 reinsurance in companies authorized in Georgia 1675909 00 Net risks written 2104732 00 29 Gross premiums on rislcs written 47077 08 Less 539847 return premiums and 935499 premiums for reinsurance in companies authorized in Georgia 14753 46 Net premiums received 32323 62 30 Losses paid deducting salvage 13734 59 Less losses on risks reinsured in companies authorized in Georgia 6550 34 Net losses paid 7184 25 31 Losses incurred 14799 27 Less losses on risks reinsured in companies authorized in Georgia 6711 37 Net losses incurred 8087 90 THE AMERICAN DRUGGISTS FIRE INSURANCE COMPANY OF CINCINNATI OHIO Chas II Avery President Frank II Freericks Secretary Ben S Persons Mac on la Attorney for Service in GeorgiaComptrollerGenerals Report 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 319635 49 29 4 Extended at 319635 49 IIIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 642831 return premiums fire 313228 total 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 11224 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 103024 09 956059 12106 68 319 85 17 Total gross interest and rents it 18 From other sources Stock transfer fees 24 Increase in liabilities during the year on account of re insurance treaties 27 Gross increase by adjustment in book value of ledger assets viz Bonds 9346350 12426 53 11 50 4 12 49 90 28 Total income 105955 55 IITDisbursements 1 Gross amount paid policyholders for losses including 150000 occurring in pre vious years 2 Deduct amount received for salvage fire 41830 15 802 72 3 Net amount paid policyholders for losses 41027 43 4 Expenses of adjustment and settlement of losses 1236 34 5 Commissions or brokerage 11365 06 7 Salaries 70667 and expenses 80823 of special and general agents 1511 90 8 Salaries fees and all other charges of officers directors trustees and home office employees 10657 70 9 Bents 480 00 10 Advertising 263335 printing and stationery 101378 3647 13 1154 27 25 00 204 20 302 50 2224 94 1622 05 615 32 911 7 18000 00 1023 61 96012 78 30 ComptrollerGenerals Report 11 Postage telegrams telephone and express 12 Legal expenses 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 26985 Vt license 4000 Tenn tax on cap 3000 Cal corp tax 5000 pers prop tax 5131 city license tax Los Angeles Cal 4000 Topeka Kas 5000 Greenwood S C 500 Macon Ga 7500 city tax on premiums Covington Ky 41 Ga bond deposit fee 375 total 23 Other disbursements General expenses 34 Paid stockholders for interest or dividends amount de clared during the year 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 95668 stocks 6693 total 41 Total disbursements IVLedger Assets 4 Book value of bonds 300848 73 5 Cash in companys office 677 13 7 Deposits in trust companies and banks on interest 13807 59 8 Agents balances representing business written subsequent to Oct 1 1912 13638 32 12 Other ledger assets viz Offce furniture and fixtures 602 37 Claim against reinsurance company for paid fire loss 412 16 Total ledger assets NonLedger Assets 18 Interest accrued on bonds 1544 75 21 On special deposit 62 50 22 On current acct at Western German Bank 7 28 24 Total 30 Gross assets 334192 79 329578 26 4614 5ComptrollerGeneral s Repobs Deduct Assets Not Admitted 33 Furniture fixtures aud safes 39 Book value of bonds over market value 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 1350 00 2 Gross claims for losses in process of ad justment or in suspense plus 159212 reserve for losses incurred prior to December 31 of which no notice had been received on that date 7714 51 4 Total 9064 51 5 Deduct reinsurance due or accrued 2029 43 6 Net amount of unpaid losses and claims 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 9182264 unearned premiums fifty per cent 45911 32 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 466653 unearned premiums pro rata 2550 65 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 73396 66 29 Surplus as regards policyholders 30 Total liabilities 31 602 37 461 60 333128 82 7035 0 48461 97 633 48 1926 52 1675 11 59732 16 273396 66 333128 8232 ComptrollerGenerals Repoet VI Bisks and Premiums Fire Risks Premiums Thereou 1 In force on the ol day of December as per line 5 under this heading in hist years statement 7933906 00 83307 79 2 Written or renewed during the year 10OS9350 00 103024 09 4 Total 8023316 00 86391 88 5 Deduct those expired and marked off as terminated 8038201 00 83633 26 6 In force at the end of the year 9985115 00 102758 62 7 Deduct reinsurance schedule required 551688 00 6269 45 8 Net amount in force 9433427 00 96489 17 Business in the State of Georgia During the Year 28 Gross risks written 61050 00 Less 400000 risks cancelled 4000 00 Net risks written 57050 00 29 Gross premiums on risks written 892 86 Less 4875 return premiums 48 75 Net premiums received 844 11 THE AMERICAN HOME FIRE INSURANCE COMPANY OF GREENVILLE SOUTH CAROLINA Chas I1 Hard President Oeo II Hart Secretary A L Waldo 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 306679 94 4 Extended at 306070 91 IIIncome 5 Gross premiums 189339 59 C Deduct gross amount paid fur reinsuranceComptrollerGtexerals Report Are 3581238 return premiums iiro 4077180 total 76584 24 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 14843 85 10 Gross interest on collateral loans 120 58 11 Gross interest on bonds and dividends on stocks 1720 00 12 Gross interest on deposits in trust com panies and banks 280 82 13 Gross interest from all other sources Deferred payments on interest 6 49 16 Gross rents from companys property 1090 42 17 Total gross interest and rents 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Real estate 29 Total income IIIDisbursements 1 Gross amount paid policyholders for losses including 406463 occurring in pre vious years 80778 76 2 Deduct amount received for salvage fire 27025 reinsurance fire 1706615 17336 40 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses less re insurance 5 Commissions or brokerage less reinsurance 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 360000 and expenses 323161 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Bents 10 Advertising 155924 printing and stationery 89309 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 33 112755 35 18062 16 27 62 15000 00 145845 13 63442 36 1187 14 21082 18 40 71 6831 61 10841 25 350 00 2452 33 1105 69 312 51 275 93 154 80 189 96 2930 03 103 8034 COMPTBOLLEBG ENEBAL s BePOBT 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes City taxes and licenses 23 Other disbursements Miscellaneous office expenses 1 90665 traveling 41232 freight and drayage 6148 commercial reports 28500 interest on bor rowed money 14489 exchange 3392 total 34 Paid stockholders for interest on dividends 41 Total disbursements 515 72 1117 01 4929 73 6000 00 126707 02 IVLedger Assets 2 Mortgage loans on real estate 4 Book value of bonds 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to October 1 1912 9 Agents balances representing business written prior to Oct 1 1912 252826 40 31617 91 2155 59 5384 51 1986 95 29961 36 1885 33 16 Total ledger assets 325 13 q5 NonLedger AsiMs 17 Interest due 18 Interest due Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 6975 28 308 33 1885 33 41 Total admitted assets 331 216 33 VLiabilities 1 flross losses adjusted and unpaid 5657 97 2 Gross claims for losses in process of ad justment or in suspense 15 417 64 4 Total 21075 61 5 Deduct reinsurance due or accrued 8 023 32ComptrollerGenerals Report Net amount of unpaid losses and claims 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 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy DO 13052 29 33986 73 54861 30 11 18 21 26 27 28 Total unearned premiums as computed above Salaries rents expenses bills accounts fees etc due or accrued Reinsurance premiums 88848 03 275 00 8520 22 Total amount of all liabilities except capital 110695 54 Capital actually paid up in cash 200000 00 Surplus over all liabilities 20520 79 29 Surplus as regards policyholders 30 220520 79 331216 33 Total liabilities VIBisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement t Written or renewed during the year 163514 93 8761054 00 189339 59 10443451 00 19204505 00 Total 352854 52 Deduct those expired and marked off as terminated 142746 35 7978846 00 In force at the end of the year 210108 17 11225659 00 Deduct reinsurance schedule required 53521 49 3165228 00 28 Net amount in force 156586 68 8060431 00 Business in the State of Georgia During the Year Gross risks written 1114938 00 Less 21271100 risks cancelled and 25262300 re insurance in companies authorized in Georgia 165334 00 Net risks written 649604 00 THE GENERAL LIBRARY THE UNIVERSITY OF GEORGIA ATHENS GEORGIA36 ComptrollerGenerals Kepokt 29 Gross premiums on risks written 90 993 79 Less 275285 return premiums and 510720 premiums for reinsurance in companies authorized in Georgia 7860 05 Net premiums received lg ig3 30 Losses paid deducting salvage 793 g2 Less losses on risks reinsured in companies authorized mGergia 2044 01 Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in GeTgia 304401 Net losses incurred AMERICAN UNION FIRE INSURANCE COMPANY OF PHILADELPHIA PA Jas F Stone President E G Oellers Jr Secretary 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 1113675 rs 4 Extended at 1113075 58 IIIncome 5 Gross premiums 2 14 404 01 6 Deduct gross amount paid for reinsurance Are 71837846 return premiums fire 37738442 total 1095762 88 7 Total premiums other than perpetual 028 701 13 9 Gross interest on mortgage loans 10 578 06 11 Gross interest on bonds and dividends on stocks less 43987 accrued interest on bonds acquired during 1912 12 Cross interest on deposits in trust 1 panies and banks 13 Cross interest from all other sources Philadelphia Underwriters Assn 3 J5 19654 72 3238 06ComptrollerGenerals Report 37 16 Gross rents from companys property in cluding companys occupancy of its own buildings 1605 64 17 Total gross interest and rents 35079 63 18 From other sources Surplus paid in 10610 00 26 Gross profit on sale or maturity of ledger assets viz Bonds 133 80 28 Total income 1074524 56 IIIDisbursements 1 Gross amount paid policyholders for losses including 3455152 occurring in pre vious years 815403 25 2 Deduct amount received for salvage fire 340554 reinsurance fire 23738189 discount fire 112340 total 241910 83 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 742500 and expenses 47349 92 of special and and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 607984 printing and stationery 789016 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax on capital 33 OtheT disbursements Traveling expenses of officers 1 85312 incidental office expenses 304404 exchange 27119 contingent commissions 40001 Monongahela Insurance Co 250000 mortgage expenses 1 97600 commissions on sale of securities 2195 total 573492 42 15905 07 240963 83 54774 92 42473 55 2461 53 13970 00 8011 84 2546 59 539 70 1886 26 5074 26 2205 41 1896 14 496 38 497 57 6435 22 9184 10 2705 00 10066 3138 ComptrollerGenerals Keport 39 Gross loss on sale or maturity of ledger assets viz St0Cks 3870 00 41 Total disbursements 999456 10 IVLedger Assets 1 Book value of real estate 24 000 00 2 Mortgage leans on real estate first liens 7615000 other than first 750000 total 83650 00 4 Book value of bonds 434 Q65 17 5 Cash in companys office 5go47 14 6 Deposits in trust companies and banks not in interest 86n 89 7 Deposits in trust companies and banks on interest 206462 99 8 Agents balances representing business written subsequent to Oct 1 1912 341699 81 9 Agents balances representing business written prior to Oct 1 1912 699 61 12 Other ledger assets viz Premium notes 347 43 14 Philadelphia Fire Underwriters 100 00 16 Total ledger assets ljll8744 04 NonLedger Assets 17 Interest accrued on mortgages 2 028 40 18 Interest accrued on bonds 7 177 go 22 Trust funds 01g 00 fMtal 1022109 27 Other nonledger assets 14 760 21 30 Gross assets 2 213 79 34 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 399 i 38 Book value of ledger assets over market value 4807 67 39 Premium notes 347 43 40 Carnegie Trnsl Co g i7o ls Total 11226 80 41 Total admitted assets 1202498 45ComptrollerGenerals Report VLiabilities 39 1 Gross losses adjusted and unpaid 59448 32 2 Gross claims for losses in process of ad justment or in suspense plus 330000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 68343 84 3 Gross claims for losses resisted 7987 50 4 Total 135779 66 5 Deduct reinsuran due or accrued 55482 11 6 Net amount of unpaid losses and claims 80297 55 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 63913447 unearned premiums fifty per cent 319567 24 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 36586718 un earned premiums pro rata 228141 70 11 Total unearned premiums as computed above 547708 94 18 Salaries rents expenses bills accounts fees etc due or accrued 12 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 7000 00 26 Total amount of all liabilities except capital 635126 49 27 Capital actually paid up in cash 500000 00 28 Surplus over all labilities 67371 96 29 Surplus as regards policyholders 567371 96 30 Total liabilities 1202498 45 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 77187284 00 996890 74 2 Written or renewed during the year 175991856 00 2124464 0140 ComptrollerGenerals Report 4 Total 5 Deduct those expired and marked off as terminated 91581894 00 253179140 00 3121354 75 1277334 30 6 In force at the end of the year161597246 00 1844020 45 7 Deduct xeinsurance schedule required 55988927 00 839018 80 8 Net amount in force105608319 00 1005001 65 Business in the State of Georgia During the Year 2772967 00 814425 00 28 Gross risks written Less 51423800 risks cancelled and 30018700 insurance in companies authorized in Georgia Net risks written 1958542 00 29 Gross premiums on risks written 52 667 96 Less 957616 return premiums and 280110 premiums for reinsurance in companies authorized in Georgia 12 337 32 Net premiums received 30 Losses paid deducting salvage Less losses on risks in companies authorized in Georgia 40330 64 22318 73 7634 27 Net losses paid j 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 14684 4i 22393 78 8492 24 Net losses incurred 13901 5 1 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Joel Hurt President Charles A Bickerstaff Secretary Chas A Bickerstaff Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previousyear 572429 42 4Extendedat 5724ComptrollerGenerals Report 41 IIIncome 5 Gross premiums 155742 58 6 Deduct gross amount paid for reinsurance fire 7755134 return premiums fire 3714408 total 114695 42 7 Total premiums other than perpetual 41047 16 9 Gross interest on mortgage loans 2360 00 10 Gross interest on collateral loans 920 00 11 Gross interest on bonds and dividends on stocks 24584 59 12 Gross interest on deposits in trust companies and banks 4 86 14 Dawson Ga old office 6 76 15 Geo F Hurt ree 6 39 17 Total gross interest and rents 27882 60 25 From agents balances previously charged off 21 62 27 Gross increase by adjustment in book value of ledger assets viz b Bonds 90 00 c Stocks 14931 25 28 Total income 83972 63 IIIDisbursements 1 Gross amount paid policyholders for losses including 17 80924 occurring in previous years 126557 10 2 Deduct amount received for salvage fire 36193 reinsur ance fire 3474700 total 35108 93 3 Net amount paid policyholders for losses 91448 17 4 Expenses of adjustment and settlement of losses 1718 43 5 Commissions or brokerage 148 35 7 Salaries 305500 and expenses 193041 of special and gen eral agents 4985 41 8 Salaries fees and all other charges of officers directors trustees and home office employees 11 657 96 9 Rents for companys occupancy of its own buildings 1666 10 10 Advertising 121299 printing and stationery 69704 1910 03 11 Postage telegrams telephone and express 1 028 65 12 Legal expenses 12 50 13 Furniture and fixtures 291 00 14 Maps including corrections 486 95 15 Underwriters Boards and Tariff Association 2389 31 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 342 02 20 State taxes on premiums 1538 91 21 Insurance department licenses and fees 69 OQ42 ComptrollerGenerals Report 22 All other licenses fees and taxes a Federal corporation tax 609 73 b City license and fees 3090 52 c State and County tax 1098 4 23 Other disbursements 24 General expenses 2426 27 25 Exchange 107 26 26 Interest on borrowed money 1041 08 34 Paid stockholders for interest or dividends amount de clared during the year 14000 00 38 Agents balances charged off 17 87 40 Gross decrease by adjustment in book value of ledger assets viz b Bonds 5543 75 c Stocks 1250 00 41 Total disbursements 148581 41 IVLedger Assets 2 Mortgage loans on real estate first liens 31000 00 4 Book value of bonds 16850000 and stocks 27368000 442180 00 5 Cash in companys office 3600 43 6 Deposits in trust companies and banks not on interest 93 45 7 Deposits in trust companies and banks on interest 4192 36 8 Agents balances representing business written subse quent to October 1 1912 21965 36 9 Agents balances representing business written prior to Oct 1 1912 4789 04 16 Total ledger assets 507820 64 NonLedger Assets 17 Interest on mortgages 5833 00 IS Interest accrued 48167 on bonds Mass Bonds sold De cember 31 1912 Interest collected January 2 1913 17500 G56 67 21 Stocks accrued dividends 3815 00 4 30 Gross assets 512350 64 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 4789 04 38 Book value of ledger assets over market value viz 27830 00 41 Total admitted assets 479731 60CoMPTROLLEBGrENEBALs REPORT 43 VLiabilities Gross claims for losses in process or in suspense 3427 00 Gross claims for losses resisted 3000 00 4 Total 5 Deduct reinsurance due or accrued 6 Net amount of unpaid losses and claims 7 Jross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on per petual fire risks 4713503 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 8189622 unearned premiums pro rata 11 18 19 21 26 27 28 29 30 Total unearned premiums as computed above Salaries rents expenses bills accounts fees etc duet or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statment Return reinsurance premiums 6427 00 1044 00 5383 00 23567 51 43615 17 67182 63 1659 92 702 52 1033 73 Total amount of all liabilities except capital 75961 80 Capital actually paid up in cash 200000 00 Surplus over all liabilities 203769 80 Surplus as regards polieyholders 403769 80 Total liabilities 479731 60 VIRisks and Premiums Fire Risks Premium Thereon In force on the 31st day of December as per line 5 under this heading in last years statement 18690370 00 271839 95 Written or renewed during the year per income No 5 11134930 00 155742 58 Total 29825300 00 427582 53 Deduct those expired and marked off as terminated 15677805 00 224142 54 In force at the end of the year 14147495 00 Deduct reinsurance 7400266 00 203439 99 74408 77 8 Net amount in force 6747229 00 129031 2244 ComptrollerGenerals Report Business in the State of Georgia During the fear 28 Uross risks written 62127 il 00 Less 105695400 risks cancelled and 146885300 rein surance in companies authorized in Georgia 2525807 00 Net risks written 3686954 00 29 Gross premiums on risks written 1014j4 55 Less 1258847 return premiums and 2173121 premiums for reinsurance in companies authorized in Georgia 34319 68 Net premiums received 67144 87 30 Losses paid deducting salvage 86050 61 Less losses on risks reinsured in companies authorized in Georgia 31849 65 Net losses paid 54200 96 31 Losses incurred 76 961 61 Less losses on risks reinsured in companies authorized in Georgia 31849 65 Net losses incurred 45 111 96 ATLANTIC NATIONAL FIRE INSURANCE COMPANY OF MACON GA Geo Dale Wadley President John J McKay Secretary Home Office 561 Mulberry St Maeon Ga Atlantic National Fire Insurance Co 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 348573 59 4 Extended at 348573 5 IIIncome 5 Gross premiums 151464 OS 6 Deduct gross amount paid for reinsurance fire 3084766 return premiums fire 2451328 total 55360 94 7 Total premiums other than perpetual 96103 14ComptrollerGeneral s Report 45 10 1 I 12 13 16 17 18 27 28 Gross interest on mortgage loans Gross interest on collateral loans Gross interest mi bonds iml dividends on stocks Gross interest on deposits in trust com panies and banks Gross interest from all other sources Dividends on stocks Gross rents from companys property in cluding nothing for companys occu pancy of its own buildings 5159 96 436 10 6701 87 49 73 2482 00 264 45 Total gross interest and rents 15 094 20 From other sources Cancellation of fire insurance policy on companys buildings 62 17 Gross increase by adjustment in book value of ledger assets viz Real estate 250000 bonds 34275 stocks 125500 total 4097 75 Total income IIIDisbursements 115357 26 Gross amount paid policyholders for losses including 859765 occurring in pre vious years 75651 33 Deduct amount received for salvage fire 143650 reinsurance fire 1567571 total 17112 21 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 459446 and expenses 4284666 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home o ce employees 9 Rents including nothing for Companys occupancy of its own buildings 10 Advertising 180435 printing and stationery 65280 11 Postage telegrams telephone and express 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 19 Taxes on real estate 20 State taxes on premiums 58539 12 976 29 15792 54 8879 12 11100 79 600 00 2457 15 1143 96 327 63 423 40 2644 75 34 75 153 M 750 86 46 ComptrollerGenerals Report 21 Insurance department licenses and fees 22 All other licenses fees and taxes Municipal 233055 taxes on investments 142383 total 23 Other disbursements Exchange 21409 lights fuel janitor office supplies subscriptions mere and fire protection agencies and misc office expenses 198268 39 Gross loss on sale or maturity of ledger assets viz Bonds 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 1 Book value of real estate 18077 00 2 Mortgage loans on real estate 68600 00 3 Loans secured by pledge of bonds stocks or other collateral p goo qo 4 Book value of bonds 14348155 and stocks 7716000 total 220641 55 5 Cash in companys office 500 00 6 Deposits in trust companies and banks not on interest 8j63g 23 8 Agents balances representing business written subsequent to Oct 1 19J2 26784 64 9 Agents balances representing business written prior to October 1 1912 JOS 00 16 Total ledger assets NonLedger Assets 17 Interest accrued on mortgages 18 Interest accrued on bonds 19 Interest accrued on collateral loans 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 41 Total admitted assets 1020 37 3754 3S 2196 77 37 20 251 90 111084 43 352846 12 1203 50 486 39 214 93 354751 21 10S 00 354643 24ComptrollerGenerals Report VLiabilities 47 2 Gross claims for losses in process of ad justment or in suspense 5 Deduct reinsurance due or accrued 4979 26 519 00 6 Net amount of unpaid losses and claims 4460 26 11 Total unearned premiums as computed above 83136 98 18 Salaries rents expenses bills accounts fees etc due or accrued 377 77 26 Total amount of all liabilities except capital 87975 01 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 66668 23 29 Surplus as regards policyholders 266668 23 30 Total liabilities 354643 24 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 683014700 127608 76 2 Written or renewed during the year 9294932 00 151464 08 4 Total 16125079 00 279132 84 5 Deduct those expired and marked off as terminated 5897010 00 93050 25 6 In force at the end of the year 10228069 00 186082 59 7 Deduct amount reinsured schedule re quired 1914005 00 30847 66 8 Net amount in force 8314064 00 155234 93 Business in the Stale of Georgia During the Year 28 Gross risks written 6500886 00 Less 121870000 risks cancelled and 167627800 re insurance in companies authorized in GeoTgia 2894978 00 Net risks written 3605908 00 29 Gross premiums on risks written 107138 18 Less 1635275 return premiums and 2627385 prem iums for reinsurance in companies authorized in Georgia 42626 6048 ComptrollerGenerals Report Net premiums received 64 gjj 53 30 Losses paid deducting salvage 49 324 26 Less losses on risks reinsured in companies authorized in Georgia u222 GU Net losses paid 38jl01 66 31 Losses incurred 45 295 54 Less losses on risks reinsured in companies authorized in Georgia 10127 38 Net losses incurred 35098 16 ATLAS ASSURANCE CO LTD OF LONDON ENGLAND Frank Lock United States Manager Office of United States Manager 100 William Street New York N Y Cliff C Hatcher Attorney for Service in Georgia IDeposit Capital 1 In the custody of state officials for the benefit of all the policyholders of the company in the United States as fol lows New York 200000 00 0hio 100000 00 5 Amount of ledger assets as per balance December 31 of previous year 2G85674 62 IIIncome 6 Gross premiums 25S909S 03 7 Deduct gross amount paid for reinsurance fire 45694836 return premiums fire 41683780 total 873786 1i 8 Total premiums other than perpetual 7jrii S7 12 Gross interest on bonds and dividends on stocks less 412089 accrued interest on bonds acquired during 1912 82621 13 Gross interest on deposit in trust com panies and banks 1 siii 25 17 Gross rents from companys property in cluding 70000 for companys occu pancy of its own buildings 3 748 8jComptrollerGenerals Reports 49 18 Total 88236 39 19 Received from home office 243078 47 30 Total income 2047226 73 IIIDisbursements 1 Gross amount paid policyholders for losses including 13507383 occurring in pre vious years 1065254 73 2 Deduct amount received for salvage fire 1078845 reinsurance fire 213 21038 discount fire 75376 total 224752 59 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 4171697 and expenses 4092138 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 70000 for companys occupancy of its own buildings 10 Advertising 678820 printing and stationery 872158 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 56330 municipal licenses and taxes 1117308 23 Other disbursements Auditors fees 309992 classifica tion 60000 R G Dunn Co and Bradstreet 2 02150 donations 8500 directories 1700 extra stenography 12945 entertaining agents 30910 extra night work 229295 horse and buggy Kan Frisco dep 42000 moving office Chic 61105 office supplies 67948 storage of office records 12000 telephone service 16200 special reports rate 840502 14 27133 47 318562 92 4779 52 82638 35 111721 93 17387 76 15509 78 14266 96 75 04 2033 94 5700 10 23755 37 7843 20 10771 48 2808 54 737 88 25359 98 11755 61 1 1736 3850 CompteollbbGenebals Report book corrections field books 68990 sundries 32879 total lljfi66 u 34 Remitted to home office 144 304 33 36 Agents balances charged off 41 70 37 Gross loss on sale or maturity of ledger assets viz Bonds 45240 stocks 380800 total 4260 40 39 Total disbursements i695754 02 IVLedger Assets 1 Book value of real estate 83 87S 81 4 Book value of bonds 214543591 and stocks 28798750 total 2433423 41 5 Cash in companys office 3 030 86 7 Deposit in trust companies and banks on interest 175608 53 8 Agents balances representing business written subsequent to Oct 1 1912 330287 02 9 Agents balances representing business written prior to October 1 1912 10918 70 16 Total ledger assets 3037147 33 NonLedger Assets 18 Interest accrued on bonds 25934 14 23 Bents accrued on companys property or lease 291 83 204al37173 26225 97 7 Due from other companies for reinsurance on losses paid 4809 67 30 Gross assets 3068182 97 Deduct Assets Not Admitted 31 Cash not in control of trustees 58 639 39 34 Agents balances representing business written prior to Oct 1 1912 10918 70 38 Book value of ledger assets over market value viz bonds and stocks 206678 41 39 Real estate 23 878 SI 40Tolal737777 3001153 41 Total admitted nssels 37773ComptrollerGeneral s Report 51 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 725488 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 1815 13237o 27 23073 97 4 Total 157261 99 5 Deduct reinsurance due or accrued 27309 68 6 Net amount of unpaid losses and claims 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 1080 75662 unearned premiums fifty per per cent 540378 31 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 189569281 un earned premiums pro rata 1027254 58 129952 31 11 Total unearned premiums as computed above 16 Salaries rents expenses bills accounts fees etc due or accrued estimated 17 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 18 Commissions brokerage and other charges due or to be come due to agents and brokers estimated 19 Reinsurance premiuns 1567632 89 5000 00 30000 00 14886 45 29882 99 24 Total amount of all liabilities except deposit capital 25 Deposit capital 300000 00 26 Surplus over all liabilities 690713 02 27 Surplus as regards policyholders 28 Total liabilities 1777354 64 990713 02 2768007 6652 ComptrollerGeneral s Report VI Bisks and Premiums Fire risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 316563672 00 3340572 56 2 Written or renewed during year 246170270 00 2589698 03 3 Kxcess of original premiums over amount received for reinsurance j18 54 4 Total 562733942 00 5930789 13 5 Deduct those expired and marked off as terminated 220 724 667 00 2349374 90 6 In force at the end of the year342009275 00 3581414 23 7 Deduct amount reinsured schedule re quired 61950997 Of 604964 80 61950997 00 8 Net amount in force280058278 00 2976449 43 Business in the State of Georgia During the Year 13 Gross risks written 5000031 00 Less 100715400 risks cancelled and 19391800 re insurance in companies authorized in Georgia 1201072 00 Net risks written 3798939 00 14 Gross premiums on risks written 68 653 40 Bess 1119737 return premiums and 34444 premiums for reinsurance in companies authorized in Georgia 11541 81 Net premiums received 57 111 59 15 Losses paid deducting salvage 25256 85 Less losses on risks reinsured in companies authorized in Georgia 49 40 Net losses paid 16 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 25207 45 24311 85 58 40 Net losses incurred 24253 45ComptrollerGeneral s Report 53 AUGUSTA FIRE INSURANCE COMPANY OF AUGUSTA GEORGIA Home Office Johnson Building Augusta Ga Thos Barrett Jr President ICapital Stock 1 Amount of capital paid up in cash 124500 00 2 Amount of ledger assets as per balance December 31 of previous year 3 Increase of paidup capital during the year 3 Increase of paidup surplus during year Chas I Mell Secretary 260413 G3 200 00 200 00 4 Extended at 260813 63 IIIncome 5 Gross premiums G Deduct gross amount paid for reinsurance fire 2356524 return premiums fire 2687790 141138 77 50443 20 7 Total premiums other than perpetual 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 9667 aecrued interest on bonds acquired during 1912 14 Premium note 26 00 11001 25 4 68 17 Total gross interest and rents 26 Gross profit on sale or maturity of ledger assets viz stocks 27 Gross increase by adjustment in book value of ledger assets viz bonds 90695 57 11031 93 150 00 295 95 28 Total income 102173 45 IIIDisbursements 1 Gross amount paid policyholders for losses including 10900 occuring in previous years if 2 Deduct amount received for salvage fire 13180 reinsurance fire 2084805 total 59858 37 20979 8554 ComptbolleeGenebals Bepoet 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 288000 and expenses 412100 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Bents for companys occupancy of its own buildings 10 Advertising 47664 printing and sta tionery 198333 11 Postage Telegrams Telephone and Ex press 12 Legal expenses 15 Underwriters Boards and Tariff Assos 16 Eire department fire patrol and salvage corps assessments fees taxes and ex penses 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Tax on investments IgO yo Municipal licenses and taxes 1 342 98 23 Other disbursements 24 Exchange 98 17 25 Miscellaneous account 539 70 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Bonds 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 4 Book value of bonds 21202325 and stocks 2411100 236134 25 5 Cash in companys office 2 319 51 38878 52 332 35 18629 00 7001 06 0744 57 770 00 2459 97 1345 56 250 00 153 52 11 23 371 60 457 50 1523 76 630 87 90 00 6 00 105 10 83760 61ComptboltkkGenekals Repobt 55 i Deposits in trust companies and banks not on interest 16456 35 18777 89 8 Agents balances representing business written subsequent to Oct 1 1912 19919 69 9 Agents balances representing business written prior to October 1 1912 1164 29 11 Bills receivable taken for fire risks 12 00 12 Other ledger assets viz maps 1091 61 13 Furniture and fixtures 2128 74 16 Total ledger assets 279226 47 NonLedger Assets 18 Interest due 353500 and accrued 57667 on bonds 4111 67 21 Accrued dividend on stocks paid January 1 1913 680 00 24 Total 4791 67 26 Market value of stocks over book value 1849 00 27 Other nonledger assets viz due from Equitable Fire Insurance Co 6 22 28 Due from Savannah Fire Insurance Co 3 48 9 70 30 Gross assets 285876 84 Deduct Assets Not Admitted 32 Maps i091 61 33 Furniture fixtures and safes 2128 74 34 Agents balances representing business written prior to Oct 1 1912 1164 29 35 Bills receivable past due taken for marine inland and fire risks 12 00 38 Book value of ledger assets over market value viz 39 Bonds 5313 25 9709 89 41 Total admitted assets 276166 9556 ComptrollerGenerals Report VLiabilities 2 Gross claims for losses in process of adjust ment or in suspenee for losses incurred prior to December 31 of which no notice had been received on that date 15808 76 4 Total 4 r lo808 76 o Deduct reinsurance due or accrued 2 420 26 6 Net amount of unpaid losses and claims 13 388 50 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 5917389 unearned premiums fifty per cent 29586 94 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 4376606 unearned pre miums pro rata 32884 87 U Total unearned premiums as computed above 62 471 81 18 Salaries rents expenses bills accounts fees etc due or accrued estimated 0qo 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this state ment 500 00 227 Ca0nlrrVf 1 Pital 76560 31 il Capital actually paid up in cash 124 500 00 28 Surplus over all liabilities 75106 64 29 Surplus as regards policy hoi dors 199 606 64 30 Total liabilities ZT 276106 95 VIRisks and Premiums T Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last 2 WrittnS Stat0me T 2883435 4977f5 63 Written or renewed during the year per lDCOmeNo5 8861809 00 141138 77 4 Ttal 11745244 00 190914 40ComptrollerGenerals Report 57 5 Deduct those expired and marked off as terminated 4215418 00 64507 76 6 Inforce at the end of the year 7529826 00 126406 64 7 Deduct amount reinsured 1572948 00 23466 69 8 Net amount in force 5956878 00 102939 95 Business in the State of Georgia During the Year 28 Gross risks written 7477657 00 Less 159752000 risks cancelled 1597520 00 Net risks written 5880137 00 29 Gross premiums on risks written 115622 29 Less 2277462 return premiums1 22774 62 Net premiums received 92847 67 30 Losses paid deducting salvage 44421 03 Less losses on risks reinsured 16831 04 Net losses paid in Georgia 27590 59 31 Losses incurred 50964 56 Less losses on risks reinsured 17978 52 Net losses in Georgia 32986 04 BOSTON FIRE INSURANCE COMPANY OF BOSTON MASS Ransom B Fuller President Freeman Nickerson Secretary Home Office 137 Milk Street Boston Massachusetts William L Wilson Savannah Ga 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 6252899 69 4 Extended at 252899 6958 ComptrollerGenerals Report IIIncome Fire Marine and Inland 5 Gross premiums2509931 34 2142212 21 6 Deduct gross amount paid for reinsurance fire 51361959 marine and inland 20353602 re turn premiums fire 45548622 marine and inland 32317549 969105 81 526 711 51 7 Total premiums other than perpetual 1540825 83 1615500 70 9 Gross interest on mortgage loans 23 361 03 10 Gross interest on collateral loans 3 146 18 11 Cross interest on bonds and dividends on stocks 190106 76 12 Gross interest on deposits in trust com panies and banks 5j835 39 13 Gross interest from all other sources Phila Board Fire Und 315 Reins Bureau 2919 Notes Rec 12500 Ma rine Prem Notes 90194 Sub to Canadian Pacific Ry Stock 15937 121865 16 Gross rents from companys property in cluding companys occupancy of its own buildings 309i 70 3156326 53 17 Total gross interest and rents 18 From other sources Profit home office agency 281792 dividends Nos 12 13 and 14 Natl Bank of Republic in liquidation 172500 dividends Final Naumkeag Natl Bank in liquidation 20000 notes payable borrowed money 20000000 total 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 28125 stocks 2011392 total 28 Total income 226759 71 204742 92 439 40 20395 17 3608663 73 IIIDisbursements Fire Marino and Inland 1 Gross amount paid policy holders for losses inComptrollerGenerals Report 59 eluding 33270829 oc curring in previous years 1254856 91 Deduct amount received for salvage fire 648186 marine and inland 94 33758 reinsurance fire 34936253 marine and inland 10638733 dis count fire 63349 ma rine and inland 78592 35647788 1060888 96 201510 S3 10 11 12 13 14 15 16 17 18 19 20 21 22 23 34 38 Net amount paid policy holders for losses 898379 03 859378 13 1757757 16 Expenses of adjustment and settlement of losses 30634 23 Commissions or brokerage 685879 54 Allowances to local agencies for miscellaneous agency expenses 2761 80 Salaries 3245782 and expenses 5508225 of special and general agents 87540 07 Salaries fees and all otlier charges of officers directors trustees and home office employees 195290 54 Eents 21116 00 Advertising 1945394 printing and stationery 7 39993 total 26853 87 Postage telegrams telephone and express 13317 23 Leial expenses 1080 53 Furniture and fixtures 1631 58 Maps including corrections 4839 79 Underwriters Boards and Tariff Associations 18370 07 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 11649 21 Inspections and surveys 8558 34 Repairs and expenses other than taxes on real estate 3135 45 Taxes on real estate 3250 80 State taxes on premiums 38886 90 Insurance department licenses and fees 9145 1 All other licenses fees and taxes Federal corporation tax 134098 franchise tax 27219 municipal tax 344484 total 5058 01 Other disbursements miscellaneous expense 1342204 investment expenses 30200 ilnterest prepayment marine premiums 161100 interest notes payable borrowed money 50667 notes payable borrowed money repaid 20000000 total 215901 71 Paid stockholders for interest or dividends amount de clared during the year 22000000 210000 00 Agents balances charged off 5300 5360 ComptrollebGeneeals Report 39 Gross loss on sale or maturity of ledger assets viz Eeal estate 50000 bonds 331105 stocks 59763 total 4 408 68 41 Total disbursements 3 302 367 95 IVLedger Assets 1 Book value of real estate 294000 00 2 Mortgage loans on real estate 485800 00 3 Loans secured by pledge of bonds stocks or other collateral 27 600 00 4 Book value of bonds 92910100 and stocks 374804645 total 4677147 45 5 Cash in companys office 4 657 80 6 Deposits in trust companies and banks not on interest 4 12s 04 7 Deposits in trust companies and banks on interest 400971 92 8 Agents balances representing business written subsequent to Oct 1 1912 519615 20 9 Agents balances representing business written prior to October 1 1912 22990 36 10 Bills receivable taken for marine and in land risks 58349 49 11 Bills receivable taken for fire risks 2560 00 12 Deposits with lire boards 700 00 13 Notes receivable 675 21 16 Total ledger assets 0499195 47 NonLedger Assets 17 Interest due 317001 and accrued 2 44465 on mortgages 5 61 I 68 IS Interest accrued on bonds n 843 21 19 Interest due 1S00 and accrued 3967 on collateral loans 57 67 24 Total 17515 54 26 Market value not including interest in item 18 of bonds and stocks over book value o fi7g 5r 27 Reinsurance return premiums 455 49 30 Gross assets 6728853 05ComptrollerGenerals Beport Deduct Assets Not Admitted 61 34 Agents balances representing business written prior to Oct 1 1912 22990 36 35 Bills receivable past due taken for ma rine inland and fire risks 5849 58 36 Loans on personal security endorsed or not 2000 00 38 Book value of ledger assets over market value viz Deposit with boards 700 00 39 Notes receivable 675 21 40 Mortgage loan in excess of apprasial 1000 00 33215 15 41 Total admitted assets 6695637 90 VLiabilities 1 Gross losses adjusted and unpaid 5199 78 2 Gross claims for losses in process of ad justment or in suspense plus 19 86366 reserve for losses incurred prior to December 31 of which no notice had received on that date 470240 41 3 Gross claims for losses resisted 27066 07 4 Total 502512 26 5 Deduct reinsurance due or accrued 111459 61 6 Net amount of unpaid losses and claims 391052 65 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 906 42354 unearned premiums fifty per unearned premiums fifty per cent 453211 77 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 190288907 un earned premiums pro rata 1047311 84 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired ocean and inland naviga tion risks 116115432 unearned prem iums fifty per cent 580577 1662 CompteollerCteneeals Bepoet 10 11 17 18 19 20 36 27 28 29 30 2 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 2877126 unearned premiums 100 per cent 28771 2 Total unearned premiums as computed above Dividends declared and unpaid to stockholders Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Commissions brokerage and other charges due or to be come due to agents ond brokers 2109872 03 60000 00 1662 02 33011 93 49649 22 Total amount of all liabilities except capital 2645247 85 Capital actually paidup in cash 1000000 00 Surplus over all liabilities 3050390 05 Surplus as regards policyholders Total liabilities Business in the State of Georgia During the Year 4050390 05 Gross risks written Less 2830000 risks cancelled Net risks written Gross premiums on risks written Less 54212 return premiums Fire Marine 72415 00 72415 00 1071 18 30 31 Net premiums received 1071 18 Losses paid deducting salvage 606 45 Losses incurred 653 21 and Inland 377001 00 28300 00 348701 00 7770 76 542 12 7228 64 4428 05 429n 05 BRITISH AMERICA ASSURANCE COMPANY OF TORONTO CANADA W B Meikle General Manager E F Garrow Secretary C TT Godfrey Attorney for service TDeposit Capital 1 In the custody of state officials for the benefll of all the policyholders of the company in the United States as follows 210000 00 ComptrollerGenerals Eeport 63 5Amount of ledger assets as per balance December 31 of previous year 1697810 63 IIIncome 6 Gross premiums 1688555 40 7 Deduct gross amount paid for Reinsurance fire 331200 28 Return premiums fire 262899 46 8 Total premiums other than perpetual 1094455 66 12 Gross interest on bonds and dividends on stocks less 18778 accrued interest on bonds acquired during 1912 53280 96 13 Gross interest on deposits in trust companies and banks 6085 90 15 Unlisted assets 117 27 18 Total gross interest and rents 59484 13 28 Gross profit on sale or maturity of ledger assets viz b Bonds 70 00 30 Total income 1154009 79 IIIDisbursements 1 Gross amount paid policyholders for losses including 8133263 occurring in previous years 723633 36 2 Deduct amount for Salvage fire 9557 01 Reinsurance fire 138314 23 Discount fire 528 29 3 JNet amount paid policyholders for losses 575233 83 4 Expenses of adjustment and settlement of losses 12307 83 5 Commissions or brokerage 269084 79 7 Salaries 2541396 and expenses 2393071 of special and general agents total 49344 67 8 Salaries fees and all other charges of officers directors trustees and home office emplojees 48785 41 9 Rents including 288532 for companys occupancy of its own buildings 4589 56 10 Advertising 345190 printing and stationery 1166045 total 15112 35 11 Postage telegrams telephone and express 5953 15 12 Legal expenses 616 82 13 Furniture and fixtures 969 55 14 Maps including corrections 3527 41 15 Underwriters boards and tariff associations 14862 28 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 3394 3864 ComptrollerGenerals Report 17 Inspections and surveys j Qyo t j 0 State taxes on premiums II 573 1 21 Insurance department licenses and lees 10 506 71 22 All other licenses fees and taxes Municipal 11671 31 23 Other disbursements 24 Exchange 1138 g2 25 Water and ice 114 52 34 Remitted to home office 10 534 08 39 Total disbursements 1050983 9S IVLedger Assets 4 Book value of bonds 132202138 and stocks 50870 00 total 1382891 3S 5 Cash in branch offices 9 oqj 57 7 Deposits in trust companies and banks on interest 228 526 53 8 Agents balances representing business written subsequent to October 1 1912 177jl94 89 9 Agents balances representing business written prior to October 1 1912 2j956 Q7 16 Total ledger assets 1800836 44 NonLedger Assets 18 Interest accrued on bonds 21 Qgj 30 30 Gross assets 1S21j887 83 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 2 956 07 39 Bonds and stocks 72307 05 41 Total admitted assets j 74e 624 71 VLiabilities 2 Gross claims for losses in process of adjustment or in sus pense plus 2465700 reserve for losses incurred prior to December 31 of which no notice had been received on that date 111929 84 3 Gross claims for losses resisted 20 700 00 4 Total 132629 84 5 Deduct reinsurance due or accrued 25 028 00 ComptrollerGenerals Report Net amount of unpaid losses and claims Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 62886617 unearned premiums fifty per cent Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 114641333 unearned premiums pro rata 65 107601 84 314433 08 602421 52 11 16 17 IS 24 25 26 27 28 Total unearned premiums as computed above 916854 60 Salaries rents expenses bills accounts fees etc due or accrued 1000 00 Estimated amount hereafter payable for federal state and other taxes based upon the business 6f the year of this statement 16416 85 Commissions brokerage and other charges due orto become due to agents and brokers 3207 60 Total amount of all liabilities except deposit capital 1045080 89 Deposit capital 210000 00 Surplus over all liabilities 491543 82 Surplus as regards policyholders 701543 82 Total liabilities 1746624 71 VIRisks and Premiums Fire Risks Premiums Thereon Inforce on the 31st day of December as per line 5 under this heading in last years statement 184367599 00 1847025 41 Writtenor renewed during the year 157156996 00 1688555 40 Excess of original premiums over amount received for reinsurance 101303 98 Total 341524585 00 3636884 79 Deduct those expired and marked off as terminated125219630 00 1458503 30 In force at the end of the year 216304955 00 Deduct amount reinsured 40815410 00 2178381 49 403101 99 8 Net amount in force175489545 00 1775279 50 13 Business in the State of Georgia During the Year Gross risks written 3434880 00 CoMPTROLLERGeNBRALs llEPOKT Less 64949100 risks cancelled ami 38559600 reinsur ance in companies authorized in Georgia a 035 087 00 Net risks written 239a793 00 14 Gross premiums on risks written 40314 89 Less 702335 return premiums and 450724 premiums for reinsurance in companies authorized in Georgia 11530 59 Net premiums received 8 784 30 15 Losses paid deducting salvage 13503 54 Less losses on risks reinsured in companies authorized in 0oorSia 1400 61 Net losses paid j j 13 Losses incurred 4 iooot J 9o 1 90 Less losses on risks reinsured in companies authorized in Ge0Tia 1147 01 Net losses incurred 11J90 20 CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH SCOTLAND has II Post U 8 Manager K C Christopher Asst CJ 8 Mgr Home Office in United Slates 5052 Pino St New Fork City X Y Boyd Perry Atlanta Ga Attorney for Service in Georgia ICapital Slock 2 Amount of ledger asset as per balance 1 December 31 of previous yar 2132022 61 4 Extended at 2132 022 01 ITIncome 5 Gross premiums 2101709 is 0 Deduct gross amount paid for reinsurance fire 37725094 return premiums ire 35722751 total 734478 48 7 Total premiums other than perpetual 1427290 70 II Gross interest on bonds ami dividends on stocks less 115s0 accrued interest on bonds acquired during 1912 55531 59 i2 dross interest on deposits in trust com panies and banks 1937 IS 10 Gross rents from companys property inComptrollerGeneral s Report 67 eluding 405000 for companys occu pancy of its own buildings 45316 62 17 Total gross interest and rents 102785 26 Gross profit on sale or maturity of ledger assets viz Bonds 93000 stocks 114285 total 2072 85 29 Amount carried forward 111Disbursements 1532148 94 1 Gross amount paid policyholders for losses including 13213407 occurring in pre vious years 1024109 33 Deduct amount received for salvage fire 641781 reinsurance fire 181 76467 discount fire 86074 total 189043 22 9 10 11 12 13 14 15 l6 17 18 19 20 21 22 23 38 39 Xet amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissioners or brokerage Salaries 1458944 and expenses 1944347 of special and general agents salaries fees and all other charges of officers directors trustees and home office employees Beats including 405000 for companys occupancy of its own buildings Advertising 117030 printing and stationery 895466 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 Federal corporation tax 88186 county and municipal licenses and taxes 659465 total Other disbursements Office expenses and miscellaneous 232610 remitted to home office 2357503 total Agents balances charged off Gross loss on sale or maturity of ledger assets viz Stocks 835066 11 42852 14 312433 87 34032 91 92522 29 9471 35 10121 96 11396 25 47 22 762 00 4792 60 17515 41 9249 62 4344 21 16817 3S 7777 50 22544 13 7921 99 7476 51 25901 13 09 202 00 41 Total disbursements 1473254 68ComptrollerGenerals Beport VLedger Assets 1 Book value of real estate 4 Book value of bonds 86023039 and stocks 48240228 total lj348632 67 o Lash in company g office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to Oct 1 1912 9 Agents balances representing business written prior to October 1 1912 12 Reinsurance due on losses paid 439510 58 632 67 346 29 5745 78 135070 83 253051 85 5257 58 3301 29 16 Total ledger assets 2190916 87 NonLedger Assets 18 Interest accrued on bonds 25 Market value of real estate over book value 30 Gross assets Deduct Assets Not Admitted 8892 87 85489 42 2285299 16 34 Agents balances representing business written prior to October 1 1912 39 Book value of bonds and stocks over market value 41 Total admitted assets 5257 58 72812 67 2207228 91 VLiabilities 1 Gross losses adjusted and unpaid due 17 9S894 not yet due 2849500 46484 60 2 Gross claims for losses in process of ad justment or in suspense plus 464350 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 22014 43 4 Total 5 Deduct reinsurance due or accrued 154093 21 31525 26 6 Net amount of unpaid losses and claims 122567 95ComptrollerGenerals Report 69 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 85016832 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 183928305 un earned premiums pro rata 425084 16 971923 80 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 21 Reinsurance premiums 23 Reserve for contingencies 26 Total amount of all liabilities except capital 29 Surplus as regards policyholders 1397007 96 2000 00 25000 00 31639 43 10000 00 1588215 34 619013 57 30 Total liabilities 2207228 91 Business in the State of Georgia During the Year 28 Gross risks written 1502932 00 Less 28996500 risks cancelled and 25149200 re insurance in companies authorized in Georgia 541457 00 Net risks written 961475 00 29 Gross premiums on risks written 21735 40 Less 325522 Teturn premiums and 325097 premiums for reinsurance in companies authorized in Georgia 6506 19 Net premiums received 15229 21 30 Losses paid deducting salvage 17768 82 T rs losses on risks reinsured in companies authorized in Georgia 4710 71 Net losses paid 13058 n 31 Losses incurred 13838 01 Les losses on risks reinsured in companies authorized in Georgia 2609 21 Xet losses incu rred 1228 8070 ComptrollerGenerals Report CAMDEN FIRE INSURANCE ASSOCIATION Edmund E Bead Jr President Josepn 1 Sharp Secretary Home office 434 Federal Street Camden N 1 Dan B Harris Attorney for service ICapita ytock 1 Ai loom of capita paid ii iu cash 600000 U0 2 Amount of ledger assets as per balance December 31st of previous year 4l5 g paidup capital during the rear mo 00 4 Extended at 2661463 s 11Income 5 dross premiums j llt gross amount paid for reinsurance fire 28149577 return premiums fire 44290241 total perpetual 7 Total premiums other than perpetual 8 Deposit premiums written on risks gross 9 Gross interest on mortgage loans less io accrued interest on mortgages ac quired during 1912 in Gross interest on collateral loans 11 Gross interest on bonds ami dividends on slocks less 220860 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies anI banks 13 Gross interest from all other sources 14 dePosi iih Ihila Underwriters Assn Prom reinsurance bureau 16 Cross rents from companys property in eluding 3000 for companys occupancy of its own buildings 17 Total gross interest ami rents 18 From other sources IS ash increase to surplus on issue of new stock 29 Fees 72439 s S 1452062 83 191 80839 n7 2816 73 72318 40 1335 99 li 30 21 Mi 19 no inonon on 2H oil 1 16687 35ComptrollekGknerals Report 71 J1 Brokerage 6 94 2 Borrowed on call 52000 00 152027 44 1722681 92 28 Total income p 111Disbursements 1 dross amount paid policyholders for losses including 8085189 occurring in pre vious years 891485 86 2 Deduct amount received for salvage fire 449557 reinsurance fire 12912388 discount fire 79074 total 134410 19 3 Net amount paid policyholders for losses rjxpenses of adjustment andsettlement of losses 5 ommissions or brokerage i Allowances to local agencies for miscel laneous1 agency expenses 7 Salaries 999996 and expenses 1084752 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 3000 for companys occupancy of its own buildings 10 Advertising 319668 printing and sta tionery 1695113 total 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwrite boards and tariff assns Hi Fire flepartment fire patrol and salvage corps assessments fees taxes and expenses 1 7 Inspections and surveys Is Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes a Federal corporation tax 1187 11 b Tax on securities Cnmdon N J 1100 00 757075 67 13282 72 367781 41 4755 42 20847 48 63463 00 3000 00 20147 79 7144 97 2033 77 2397 61 6012 46 13779 73 8770 99 2901 66 590 74 751 20 15842 39 6733 62Comptrollereneral s Eeport e City and bounty taxes 2 905 33 d Miscellaneous taxes 4do 98 23 Other disbursements 5J28 i2 24 Paid call loan 5200 interest on call loan 3734 o a 52037 34 o bubscriptions to publications 282 2Q 26 Kent of box in vault 10000 Fidelity bonds 26615 366 1 27 Entertainment annual meeting 219 12 28 Travelling expenses of officers ami em ployees 1 S41 54 29 Office and janitors supplies 37007 heat ing 39200 73 0 30 Mercantile reports 48500 liohtin 56984 n 31 Insurance on furniture of office 120 05 32 Office and miscellaneous expenses 8o0 85 33 Deposit premiums returned 57f4 16 34 Paid stockholders for interest or dividends 42 amount declared during the year 60000 35 Paid stockholders for intereston amount 599 G paid for new capital 38 Agents balances charged off tl 39 Gross loss on sale or maturity of ledger assets viz bonds 1134 94 41 Total disbursements 1449279 92 IVLedger Assets 1 Book value of real estate mm flfl Mortgage loans on real estate first liens 74 400 00 3 Loans secured by pledge of bonds stocks or other collateral 96 250 00 4 Hook value of bonds 130915051 and stocks 43136690 1740517 41 5 Cash in companys office i 6 Deposits in trust companies and banks not on interest 7 Deposits m trust companies and banks on interest a 37126 78 S Agents balances representing business written subsequent to Oct 1 1912 228 328 99ComptkollerGenerals Repobt 73 9 Agents balances representing business written prior to Oct 1 1912 409 25 11 Bills receivable taken for fire risks 710 40 13 Cash deposit with Phila Underwriters Association 100 00 14 Deposit with Western Sprinkled Bisk Assn 500 00 16 Total ledger assets 2934867 98 NonLedger Assets 17 Interest due 63375 and accrued 970280 on mortgages 10396 55 18 Interest accrued 1811953 on bonds 18119 53 19 Interest accrued 69065 collateral loans 690 65 20 Interest accrued on bank deposits 797 30 24 Total 30004 03 30 Gross assets 2964872 01 Deduct Assets Not Admitted 3iy2Deposit with Western Sprinkled Eisk Assn 500 00 34 Agents balances representing business written prior to Oct 1 1912 409 25 39 Bonds and stocks 15012 41 40 Eeal estate 6492 99 22414 65 4 1 Total admitted assets 2942457 36 VLiabilities 1 Gross losses adjusted and unpaid not yet due 4384 16 2 Gross claims for losses in process of adjust ment or in suspense 178311 84 3 Gross claims for losses resisted 4720 00 4 Total 187416 00 5 Deduct reinsurance due or accrued 40108 45 6 Net amount of unpaid losses and claims 147307 55 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date74 n 12 17 18 19 24 25 26 28 SO 4 ComptrollerGenerals Report of policy including interest premiums on perpetual tire risks 93676656 un earned premiums fifty per cent 468383 2S Gross premiums less reinsurance received and receivable upon all unexpired tire risks running more than one year from date of policy 153093188 unearned premiums pro rata sisHit 35 Total unearned premiums as computed above L286949 63 Amount reclaimable by the insured on per petual fire insurance policies being 90 per cent of the premium or deposit received 27620 17 Dividends declared and unpaid to stock holders 336 30 Salaries rates expenses bills accounts fees etc due or accrued 1012 2 Estimated amount hereafter payable for federal state and oilier taxes based upon the business of theyear of this state ment 20011 00 Interest on bond and mortgage 190 v Reserve tor future contingencies 20000 00 Total amount of all liabilities except capital 1503418 31 Capital actually paid up in cash 600000 00 Surplus over all liabilities 839039 05 143903 05 Total lialilil ies 2942457 36 YI Risks and Premiums Risks Premiums Thereon In force on the 31st day of December as per line 5 under this beading in las years statement 229572105 00 2550817 76 Written or renewed during the year 188113178 00 217iJil 01 Excess of original premiums over amount received for reinsurance i 22 Total 417685283 00 473484199 Deduct those expired and marked off as terminated 161364869 09 190372103 In force at the end of the year 256320414 00 2831120 91ComptrollerGenerals Report 75 7 Deduct reinsurance 30713647 00 363422 52 8 Net amount in force225605767 00 2467698 44 9 Perpetual risks not included above 12 66167 deposit premiums on same 3068908 Business in the State of Georgia During the Year 28 Cross risks written 2219129 00 Less 325816 risks cancelled and 121598 reinsurance in companies authorized in Georgia 447414 00 Net risks written 1771715 00 29 Iross premiums on risks written 21828 31 Less 221881 return premiums and 147578 premiums for reinsurance in companies authorized in Georgia 3694 59 Net premiums received 18133 2 30 Losses paid deducting salvage 5818 10 Net losses paid 5818 10 31 Losses incurred 5907 10 Net losses incurred 5907 10 CITIZENS FIRE INSURANCE COMPANY OF BALTIMORE MD B W Alexander resident W TV Alexander Secretary R N Hughes Attorney for Service in Georgia LCapital Stock Amount of capital paid up in cash 545000 00 Amount of ledger assets as per balance December 31 of previous year Increase of paidup capital during year rn79 63 220000 00 4 Extended at S53079 63 IITncome Gross premiums 673401 12 Deduct gross amount paid for reinsurance fire 11937997 return premiums fire 10731323 total 226693 2076 ComptrollerGeneral s Report 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 4670 accrued interest on mortgages acquired during 1912 10889 26 11 Gross interest on bonds and dividends on stocks less 35250 accrued interest on I bonds acquired during 1912 17067 50 12 Gross interest on deposits in trust com panies and banks 908 90 13 Gross interest from all other sources Phila XJnd deposit 630 agents balances 930 total 15 00 4467H7 92 17 Total gross interest and rents 18 From other sources Surplus 27 Gross increase by adjustment in book value of ledger assets viz Bonds 67500 stocks 203170 total 28 Total income 111Disbursements 28881 26 154000 00 2706 70 632295 88 1 Gross amount paid policyholders for losses including 2667247 occurring in pre vious years 248181 72 2 Deduct amount received for salvage fire 132506 reinsurance fire 4378916 45114 22 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 663006 and expenses 2213834 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 127776 printing and stationery 427349 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 203067 ii 5336 65 110815 32 119 38 28768 40 21197 40 2574 97 5551 25 3497 04 75 24 1453 90 1652 43 3246 92 2811 17 791 75 4055 56 ComptrollerGenerals Report 77 21 Insurance department licenses and fees 5025 43 22 All other licenses fees and taxes Franchise tax 2500 municipal licenses tax 256990 state and county tax on assets 293596 fire marshall tax 81913 total 6349 99 23 Other disbursements Reports and periodicals 90703 office sundries 49749 miscellaneous 161637 premiums on official bonds 9750 total 3118 39 34 Paid stockholders for interest or dividends amount de clared during the year 3250000 32500 00 38 Agents balances charged off 159 16 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 576625 stocks 9159 total 5857 84 41 Total disbursements 451105 69 IVLedger Assets 2 Mortgage loans on real estate first liens 192261 00 4 Book value of bonds 37026750 and stocks 2464000 total 394907 50 5 Gash in companys office 480 38 6 Deposits in trust companies and banks not on interest 367121 45 7 Deposits in trust companies and banks On interest 14037 33 S Agents balances representing business written subsequent to October 1 1912 63797 39 9 Agents balances representing business written prior to Oct 1 1912 1464 77 12 Other ledger assets viz Phila TJnd de posit 100 00 14 Bichmond Va local bond dep 300 00 16 Total ledger assets 1034209 82 NonLedger Assets 17 Interest accrued on mortgages 2384 00 18 Interest accrued 342236 on bonds 3422 36 30 Gross assets 1040076 18 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 1464 77 41 Total admitted assets 1038611 41 8 COMPTROLLERG EN ERAX s RePOBT VLiabilities 2 Gross claims for losses in process of ad justments or in suspense 101286 84 5 Deduct reinsurance due or accrued 25111 43 li Net amount of unpaid losses and elaims 7 Cross 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 177 752 24 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 158 639 45 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the vear of this statement 29 Surplus as regards policyholders 30 Total liabilities VI Kisks and Premiums 7ii17i 41 336391 69 112 15 5300 no 20 Total amount of all liabilities except capital 418529 25 27 Capital actually paid up in cash 545000 00 Surplus over all liabilities 75082 10 620082 10 1038611 41 Fire Risks Premiums Thereon 1 In force on the il day of December as per line 5 under this heading in last years statement 33931338 51 419495 28 2 Written or renewed during the year 70770463 12 071 401 12 i Excess of original premiums over amount received for reinsurance 107009 04 Total 10470180183 1200505 41 5 Deduct those expired and marked oft as terminated 115125 is 503 443 54 0 In force at the end of the year 63159248 35 757121 mi 7 Deduct reinsurance scedule required 11526553 15 120971 21 Net amount in force 51632695 20 630150 opComptrollerGenerals Keport 79 Business in the State of Georgia During the Year 28 Gross risks written 552809 00 Loss 4982500 risks cancelled 49825 00 Net risks written 502984 00 29 Gross premiums on risks written 7777 84 Less 90564 return premiums 905 64 Net premiums received 6872 20 30 Losses paid deducting salvage 468 00 31 Losses incurred 3981 94 CITIZENS INSURANCE COMPANY OF ST LOUIS MISSOURI Charles E Chase President P O Crocker Secretary Home Office Pierce Building St Louis Missouri Egleston Prescott Attorneys for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 4 Extended at S765S3 14 TTIncome Fire Marine and Inland 5 Gross premiums 2085333 01 10311 ill 6 Deduct gross amount paid for reinsurance fire 1 26343294 return prem iums fire 31966508 marine and inland 1 23368 total 1583098 02 1233 68 7 Total premiums other than perpetual 502234 99 9079 96 9 Gross interest on mortgage loans 4860 00 11 Gross interest on bonds and dividends on stocks 24214 50 12 Gross interest on deposits in trust com panies and banks 1454 00 131 1 9580 ComptrollerGenerals Eeport 17 Total gross interest and rents 19 Conscience money 28 Total income 30528 50 32 69 541876 14 IIIDisbursements 1 Gross amount paid policy holders for losses including 15546767 occurring in pre vious years 1155679 12 2 Deduct amount received for Salvage fire 1915901 reinsurance fire T99 57612 total 818735 13 4 5 7 8 9 10 11 12 13 14 15 16 17 20 21 99 23 34 38 Net amount paid polieyholders for losses Expenses of adjustment and settlement of losses Commissions or Brokerage Salaries 1900093 and expenses 1041225 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including companys occupancy of its own build ings Advertising 44847 printing and stationery 427430 Postage Telegrams telephone and express Legal expenses Furniture and fixeures Maps including corrections Underwriters Boards and Tariff Associations Five 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 Federal corporation tax 17248 municipal and comity taxes and fees 536045 Other disbursements Commercial ratings 13056 ice water and toilet supplies 592S insurance on com munes interests 5337 newspapers and periodicals 1552 total ii1 stockholders for interest or dividends amount de clared during the year 2400000 Agents balances charged off 336943 99 670S 72 92723 66 29413 18 7207 86 1845 27 4722 77 4127 29 423 84 35S 17 319 63 9346 11 2413 23 333 70 10421 85 4484 36 5532 93 25S 73 24000 00 130 41 41 Total disbursements 541778 73ComptrollerGenerals Report 81 IVLedger Assets 2 Mortgage loans on real estate first liens 97200 00 4 Book value of bonds 56966875 and stocks 82500 total 570493 75 6 Deposits in trust companies and banks not on interest 26743 07 7 Deposits in trust companies and banks on interest 112059 56 5 Agents balances representing business written subsequent to October 1 1912 67587 28 9 Agents balances representing business written prior to October 1 1912 2596 89 16 Total ledger assets S76680 55 NonLedger Assets 171 nterest accrued on mortgages 1168 16 18 Interest accrued on bonds 9519 80 30 Gross assets 887368 51 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 2596 89 38 Book value of ledger assets over market value viz Bonds and stocks 22638 75 25235 64 41 Total admitted assets 862132 8 VLiabilities 1 Gross losses adjusted and unpaid not yet due 8700 62 2 Gross claims for losses in process of ad justment or in suspense 99686 02 3 Gross claims for losses resisted 24342 49 4 Total 211720 13 5 Deduct reinsurance due or accrued 157597 30 6 Net amount of unpaid losses and claims 54131 83 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 prem82 om ptrollerGenerais Report iums on perpetual fire risks 341 94219 unearned premiums fifty per cent 170971 10 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 48481403 un earned premiums pro rata 262126 49 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 823889 un earned premiums 50 per cent 4119 45 11 Total unearned premiums as computed above 437217 04 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4 675 00 26 Total amount of all liabilities ex op capital 496023 87 27 Capital actually paid up in sash 200000 00 28 Surplus over all liabilities 166109 00 29 Surplus as regards policyholders 366109 on 30 Total liabilities VI Risks ami Premiums 862132 s fire Risks Premiums Thereon In fone December 31 1011223938103 00 2819411 47 Written or renewed during the year 173720368 00 2085333 01 Totals 39765847100 4904744 48 Deduct those expired and marked off as terminated 147872447 00 2024216 59 In force at the end of the year 1912249786024 00 2880527 89 Deducl amount reinsured 175189413 00 2053771 07 Net amount in force Dec 31 1912 7459661 00 826756 22 Business in the State of Georgia During the Year Ls Gross risks written 4 795 863 00 Less 69975200 risks cancelled and 30766700 rein surfance in companies authorized in Georgia 1007410 00 Net risks written 3788444 00ComptrollerGenerals Report 83 29 Gross preiums on risks written 73476 71 Less 825181 return premiums and 517593 prem iums for reinsurance in companies authorized in 13 427 74 Georgia lai Xet premiums received 60049 Oo 30 Losses paid deducting salvage 50112 90 Less losses on risks reinsured in companies authorized in Georgia 5619 64 Xet losses paid 44493 26 31 Losses incurred 52986 9 Less losses on risks reinsured in companies authorized in Georgia i17 14 Xet losses incurred 49369 55 CITY OF NEW YORK INSURANCE COMPANY Home Office Maiden Lane and William Street Major A White President J Carroll French Secretary and Treasurer B K Clapp Columbus Ga Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 1543958 95 4 Extended at 1543958 95 IIIncome 5 Gross premiums 1178180 74 6 Deduct gross amount paid for reinsurance tire 33234465 return premiums fire 24535162 total 577696 27 7 Total premiums other than perpetual 600484 47 9 Gross interest on mortgage loans 11340 00 11 Gross interest on bonds and dividends on stocks less 1527 accrued interest on bonds during 1912 44115 87 12 Gross interest on deposits in trust com panies and banks 1213 0084 ComptbollerGenebals Report 17 Total gross interest and rents 50 068 87 25 From agents balances previously charged off 21 50 26 Gross profit on sale or maturity of ledger assets Viz Bnds 1162 83 28 Total income 65S337 67 IIIDisbursements 1 Gross amount paid polieynolders for losses including 5422661 occurring in pre vious years 43Gj547 61 2 Deduct amount received for salvage lire 373499 reinsurance fire 11533762 discount fire 63359 total 119706 20 3 Net amount paid polieynolders for losses 3ig 541 41 4 Expenses of adjustment and settlement of losses 682 62 5 Commissions or brokerage 14631 41 7 Salaries 1456093 and expenses 857381 of special and general agents 23 134 74 8 Salaries fees and all other charges of officers directors trustees and home office employees 52509 37 9 Bents 12ol3 o0 10 Advertising 94069 printing and stationery 586539 6806 08 11 Postage telegrams telephone and express s262 74 12 Legal expenses 15 go 13 Furniture and fixtures j 7gj q 14 Maps including corrections 3 077 45 15 Underwriters boards and tariff associations 6953 00 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 3 1515 73 17 Inspections and surveys 2 756 3 20 State taxes on premiums 12 9S9 57 21 Insurance department licenses and fees 4 212 17 22 All other licenses fees and taxes Municipal licenses and taxes 2193 16 24 Commercial ratings j 403 90 25 Miscellaneous items 575 50 27 Traveling expense home office 1445 67 3426 07 34 Paid stockholders for interest or dividends amount de clared during the year 50000 50000 00 38 Agents balances charged off 934 n5 39 Gross loss on sale or maturity of ledger assets viz Ponds bi o o1 21 41 Total disbursements ggi m 6 16 17 18 24 30 34 38 41 ComptrollerGenerals Report 85 IVLedger Assets Mortgage loans on real estate first liens 246000 00 Book value of bonds 32647125 and stocks 71037413 1036845 3S Cask in companys office 5858 35 Deposits in trust companies and banks not on interest 25220 98 Deposits in trust companies and bauks ou interest 79360 72 Agents balances representing business written subsequent to October 1 1912 153141 79 Agents balances representing business written prior to October 1 1912 4854 16 Total ledger assets 1551281 3S NonLedger Assets Interest accrued on mortgages 1957 50 Interest accrued on bonds 4363 9o Total 6321 45 Gross assets 1557602 83 Deduct Assets Not Admitted Agents balances representing business written prior to October 1 1912 4854 16 Book value of ledger assets over market market value viz Stocks and bonds 81040 38 85894 54 Total admitted assets 1471708 29 VLiabilities Gross losses adjusted and unpaid 2000 00 Gross claims for losses in process of ad justment or in suspense plus 256700 reserve tor losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 59724 00 Gross claims for losses resisted 14860 00 Total l658i Deduct reinsurance due or accrued 52102 7286 omptboxxeeGenekals Report 6 Net amount of unpaid losses ami claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from dateof policy including interest prem iums on perpetual fire risks 370 78717 unearned premiums fitly per cent S Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 66118660 un earned premiums pro rata 2448J 28 L85393 59 383608 53 11 Total unearned premiums as computed above 17 Dividends declared and unpaid to stockholders 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 21 Reinsurance premiums 569002 L2 12500 00 1000 00 7500 00 52559 87 26 Total amount of all liabilities except capitalif 667043 27 27 Capital actually paid up in cash loo00000 28 Surplus over all liabilities 304 665 02 29 Surplus as regards policyholders 804665 02 30 Total liabilities 47 7ns 29 VI Risks ind Premiums Fire Bisks Premiums Thereon I In force on the 31 day of December as per line 5 under this heading in last years statement 136657564 00 1315996 60 2 Written or renewed during the year 125044310 00 117sISO 74 TM 261701874 00 2494177 34 5 Deduct those expired and marked off as terminated ossooooo on 947942 3 6 In force at the end of the year162841808 00 1546234 99 7 Deduct amount reinsured Schedule required 52016129 00 11120122 8 Net amount in forci 110825679 00 1031973 7728 29 30 OOMPTROLLERG KN ERALs REPORT 3 I Business in the State of Georgia During the Year 1273007 00 Gross risks written Less 24905000 risks eaneelled and620000 reinsurance in companys authorized in Georgia 1017757 00 Net risks written 22 899 73 Gross premiums on risks written Less 3 92226 return premiums and 17520 premiums for reinsurance in companies authorized in Georgia 19502 27 Net premiums received g 4 Losses paid deducting salvage Losses incurred COLUMBIA FIRE INSURANCE COMPANY OF JERSEY CITY NEW JERSEY G F tane Iresident ICapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous year C E Dean Secretary 904056 4 Extended at 904n5i 72 ITIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance marine and inland 42578376 return premiums marine and inland 171357 48 total 998147 89 597141 2 1 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 55192 accrued interest on bonds acquired dining 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Ontario dept 111116 6 29848 OS 111488 300 00ComptbollebGenebals Eepobt 17 Total gross interest and rents 31 262 96 28 Total income 432269 61 IIIDisbursements 1 Gross amount paid policyholders for losses including 305529 occurring in pre vious years 4 mm 0 n 378594 85 1 deduct amount received for salvage ma rine and inland 1682196 reinsurance marine and inland 1803172 total 197653 68 Net amount paid policyholders for losses 1 so 941 17 5 Commissions or brokerage 125 837 s C Allowances to local agencies for miscellaneous agency expenses 7 Salaries and expenses of special and general agents JS 3 8 Salaries fees and all other charges of officers directors trustees and home office emplovees fi q r j 0 A dvertising 200 printing and stationery 297600 Sa 00 11 Postage telegrams telephone and express Zn Z 12 Legal expenses 690 00 15 Underwriters Boards and Tariff Associations lit It 16 hre department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 26 21 Insurance department licenses and fees tn 22 Another licenses fees and taxes Federal corporation 23 Other disbursements Investment expenses 10 Gross decrease by adjustment in book value of ledger assets viz Bonds S97 92 41 Total disbursements 335893 23 IVLedger Assets I Book value of bonds 883600 42 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to October 1 1912 54 663 40 S Agents balances representing business bitten prior to Oct 1 1912 10 0ComptrollerGenerals Report 89 12 Other ledger assets Ontario dept 10000 00 16 Total ledger assets 1000433 10 NonLedger Assets 18 Interest accrued on bonds 10143 32 20 Interest accrued on other assets 6250 24 Total 10205 82 39 Gross assets 1010638 92 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 14950 00 38 Book value of ledger assets over market value 50700 42 65650 42 41 Total admitted assets 944988 50 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 70236 28 3 Gross claims for losses resisted 1104 65 4 Total 7134093 5 Deduct reinsurance due or accrued 43253 10 6 Net amount of unpaid losses and claims 28087 83 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired in land risks running more than one year from date of policy 1623929 un earned premiums pro rata 9689 74 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland yearly navigation risks 32537429 unearned premiums fifty par cent 162687 15 10 Gross premiums less reinsurance cash and bills received and receivable upon unexpired short term inland marine risks 11 Total unearned premiums as computed above 172604 2890 ComptrollerGenerals Report 18 Salaries rents expenses bills accounts fees etc due or accrued 8000 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 9000 00 C Total amount of all liabilities except capital 217692 11 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 327290 39 29 Surplus as regards policyholder 0 Total liabilities 272Hi 39 94498s In Business in the State of Georgia During the Year 832555 mi 459355 on 28 Gross risks written Less 126877000 risks cancelled and 14058100 re insurance in companies authorized in Georgia Net risks written 42200 00 29 I loss premiums on risks written 18322 70 Less 019182 return premiums and 289124 premiums for reinsurance in companies authorized in Georgia 9083 06 Xel premiums received 9239 04 30 Losses paid deducting salvage 8030 34 Less losses on risks reinsured in companies authorized in leorgia 2552 7 Net losses paid 477 01 31 Losses incurred 8570 54 Less losses on risks reinsured in companies authorized in Georgia 2689 50 Net losses incurred 5880 8 1 COLUMBIA FIRE INSURANCE COMPANY OF ATHENS GEORGIA 1 Y Carithers 1resident Langdon C Quin Secretary Home Office Corner College Avo and Clayton St Athens la Langdon C Quin Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in Cash 100000 00ComptrollerGeneral s Report Amount of ledger assets as per balance December 31 of previous year 202260 05 4 Extended a1 IIIncome 91 202200 01 Gross premiums Deduct gross amount paid for reinsurance fire 945131 return premiums fire 1 122761 total 9 10 11 17 28 Total gross interest and rents Total income illDisbursements Gross amount paid policyholders for losses including 303772 occurring in pre vious years Deduct amount received for salvage fire 23151 reinsurance fire 999258 75043 27 20078 92 Total premiums other than perpetual Gross interest on mortgage loans 400 07 Gross interest on collateral loans 3118 48 Gross interest on bonds and dividends on stocks 6167 00 43562 91 10224 09 8 9 10 11 13 14 20 21 Net amount paid pollcyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage 1418101 less reinsurance corns 352933 Allowances to local agencies for miscellaneous agency expenses Salaries 155919 and expenses 254851 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 74512 printing and stationery 91790 Postage telegrams telephone and express Furniture and fixtures Maps including corrections State taxes on premiums Insurance department licenses and fees 54304 35 9752 ir 64116 5n 33338 82 703 81 10052 28 14 51 4107 7ii 7913 74 1475 25 1663 us 071 85 148 84 99 50 118 44 2011 no92 ComptrollerGenerals Report 22 All other licenses fees and taxes Municipal licenses and taxes 23 Other disbursements Miescellaneous expenses 41 Total disbursements IVLedger Assets 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 12820600 and stocks 40000 total 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 8 Agents balances representing business written subsequent to Oct 1 1912 9 Agents balances representing business written prior to Oct 1 1912 12 Other ledger assets viz Accounts re ceivable 10350 00 34496 00 128606 00 107 46 16684 96 11021 85 1401 08 352 21 16 Total ledger assets NonLedger Assets 17 Interest due S6946 and accrued 36534 on mortgages 18 Interest on bonds 19 Interest on collateral loans 1234 80 945 81 2380 80 24 Total 30 Gross assets Deduct Assets Xot Admitted 34 Agents balances representing business written prior to October 1 1912 38 Book value of ledger assets over market value viz Accounts receivable 1401 08 352 21 41 Total admitted assets 939 93 1309 84 63357 59 203019 56 4561 41 2075S0 97 1753 29 205827 68ComptrollerGenerals Eeport 93 VLiabilities 1 Gtoss losses adjusted and unpaid due 3 00000 not yet due 581104 2 Gross claims for losses in process of ad justment or in suspense plus 12024 reserve for losses incurred prior to Dec 31 of which no notice had been re ceived on that date 19 21 4 Total 5 Deduct reinsurance due or accrued 1811 04 120 24 8931 28 1500 00 Net amount of unpaid losses and claims 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 17545 46 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 23644 09 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable fox federal state and other taxes based upon the business of onetenth of one per cent of the year of this statement Reinsurance premiums 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 100000 00 28 Surplus over all liabilities 54356 28 29 Surplus as regards policyholders 7431 28 41189 55 436 03 40 34 2374 20 30 Total liabilities 51471 40 154356 28 205827 68 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 3010468 00 62050 17 2 Written or Tenewed during the year 3849618 00 75043 2794 ComptrollerGenerals Beport 6860086 00 137093 44 49370 27 4 Total 5 Deduct those expired and marked off as terminated 2658985 00 6 In force at the end of the year 420101 00 772i 17 7 Deduct amount reinsured schedule re quired 671913 00 13879 38 8 Net amount in force 3529180 00 Business in the State of Georgia During the Year 73843 79 28 Gross risks written 3849 618 00 Less 68958500 risks cancelled and 58295300 re insurance in companies authorized in Georgia 1272538 00 Net risks written 4 29 Gross premiums on risks written Less 1122701 return premiums and 118255 prem iums for reinsurance in companies authorized in Georgia 577080 no 75114 27 13053 12 Nel premiums received 51990 15 30 Losses paid deducting salvage 4333 40 Less losses on risks reinsured in companies authorized iu ieorgia 9 992 s Nel losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 33338 82 5051 84 10224 09 5427 75 COMMERCIAL FIRE INSURANCE COMPANY OF THE DISTRICT OF COLUMBIA Robert B Tuttle President Paul P dove Secretary ICapital Stock 1 Amount of capital paid up in cash 430790 00 2 Amount of ledger assets as per balance December il of previous year 364960 29COMPTEOLLEBGrENEEAL s IIEPOBT 3 Increase of paidup capital during the year 230790 00 4 Extended at Hincome 5 Gross premiums 378431 oo 6 Deduct gross amount paid for reinsurance fire 1857286 return premiums fire 9651083 total 115083 09 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 32293 accrued interest on mortgages acquired during 1912 7033 91 11 Gross interest on bonds and dividends on stocks less 220904 accrued interest on bonds acquired during 1912 3047 24 12 Gross interest on deposits in trust com panies and banks u 17 Total gross interest and rents 18 From other sources Commission on loans 17925 prem ium on full paid stock 24813650 bond deposit industrial dept 700 advances industrial dept 10169 installment subscriptions cap 2982941 surplus 3335231 total 27 Gross increase by adjustment of book value of ledger as sets viz Real estate to bring to app value 210940 75 to provide for assumed interest and taxes for which disbursements have been made or liability assumed 1095580 total 28 Total income 111Disbursements Gross amount paid policyholders for losses 178992 35 2 Deduct amount received for salvage fire 59637 reinsurance fire 501567 dis count ire 21886 total 5830 90 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 i lommissions or brokerage 95 595740 29 263347 87 10705 46 31 1606 16 221896 55 807556 04 173161 45 4037 22 90672 6096 ComptrollerGenerals Beport 9 10 11 12 13 14 20 21 22 23 34 35 38 39 Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 445133 printing and stationery 317142 Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps including corrections State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Commissions and ex pense full paid stock 9578530 commission and ex pense partial subscription 3764140 total Other disbursements Janitor 1100 car fare 17625 notary and recording 45250 water and ice 8039 toilet supplies 1425 newspapers 8750 miscel laneous 249072 city and county taxes and fees 1 35133 investigation expense 464480 accrued in terest southern building 827778 interest on bor rowed money 172222 total Paid stockholders for interest or dividends Net collections on installment stock in 1911 included in surplus in error Deposit to clear title to real estate Gross loss on sale or maturity of ledger assets viz Bonds 18671 43 1597 16 7622 78 143S 41 159 46 2527 63 724 25 1549 83 4322 7fi 133426 70 193QS 74 28632 60 140 00 100 00 1715 00 41 Total disbursements 4SSS08 10 IVLedger Assets 1 Iook value o freal estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collateral 5 ash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to October 1 1912 9 Agents balances representing business written prior to Oct 1 1912 12 Arrearages in dust dept 13 Trust fund 350000 00 217900 00 199423 52 13398 37 46115 73 10813 66 68129 69 1179 79 90 45 1618 57ComptrollerGenerals Report 97 14 16 Due from First National Fire Insurance Co of the XT S 4818 45 Total ledger assets 913488 23 NonLedger Assets 17 18 23 24 28 Interest due 69725 and accrued 3 28708 on mortgages Interest accrued on bonds Rents less disbursements southern build ing 3984 33 2648 32 8379 19 Total Interest in assets of southern building corporation 15011 84 606 84 30 Gross assets 929106 91 Deduct Assets Not Admitted 34 38 39 40 Agents balances representing business written prior to Oct 1 1912 3179 79 Book value of ledger assets over market value viz Bonds 2081 2 Arrearages industrial dept 90 45 Amount expended imprest fund but included December 31 4 30 3355 56 41 Total admitted assets 925751 35 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense 4 Total 5 Deduct reinsurance due or accrued 6 Net amount of unpaid losses and claims 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 preiri 4668 31 36087 10 40755 41 525 50 40229 9198 COiMPTROLLKKGENKKALs IvKlHIHl iums on perpetual fire risks 225 94521 unearned premiums fifty per cut 1 12972 61 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 8840922 un earned premiums pro rata 52577 82 11 Total unearned premiums as computed above1655pO 43 16 Interest due or accrued 4 709 17 18 Salaries rents expenses bills accounts fees etc due or accrued pno s 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 5 000 00 20 Accrued taxes on building 22S 63 21 Accrued bills on building 856 68 22 Advances industrial department 109 09 23 Due Tuttle Wightman Dudley Inc 89 10 24 Bond Deposit Industrial Dept 7 on 25 Due Minority Stockholders Sou Bldg ss 26 Total amount of all liabilities except capital 22157 9s 27 Capital actually paid up in cash 430790 00 27 Installment capital 29829 II 28 Surplus over all liabilities 243559 96 29 Surplus as regards policyholders 7m179 7 SO Total liabilities ifs 925 75 VIBisks and Premiums Fire Kisks Premiums Thereon 1 In force on the day of December as per line 5 under this heading in last years statement 980649 00 156746 33 2 Written or renewed during the year 32557475 no i7S4l 56 Total 4236396S 00 535177 89 5 Deduct those expired and marked off as terminated Iii7ill8 00 198645 44 ii I11 force at the end of the year 25680950 00 336532 46 7 Deduct amount reinsured schedule re quired 1352770 on 22178 02 i Net amount in force 24278180 00 1 1354 43ComptrollerGenerals Eeport 99 Business in the State of Georgia During the Year 28 Gross risks written 2748565 00 Less 45978500 risks cancelled and 40200000 re insurance in companies authorized in Georgia 861785 00 Net risks written 1886780 00 29 Gross premiums on risks written 63025 72 Less 1587579 return premiums and 974724 premiums for reinsurance in companies authorized in Georgia 25623 03 Net premiums received 37402 69 30 Losses paid deducting salvage 23179 02 Less losses on risks reinsured in companies authorized in Georgia 2105 61 Net losses paid 21073 41 31 Losses incurred 85652 62 Less losses on risks reinsured in companies authorized in Georgia 2113 61 Net losses incurred 23539 01 COMMERCIAL UNION ASSURANCE CO LTD OF LONDON ENGLAND A H Wray Manager i D A Mclntyre Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 7478138 49 4 Extended at 7478138 49 TIIncome Fire Marioe and Inland 5 Gross premiums 5694789 76 1529268 03 6 Deduct gross amount paid for reinsurance fire 85023744 marine and inland 63042670 re turn premiums fire 07138021 marine and inland 9026812 1921617 65 720694 82TOO omptkolucrGtEnkkals IllPOKT 7 Total premiums other than perpetual 3773172 1 808573 21 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stock less 3 46458 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust companies and banks 13 Gross interest from all other sources On note for live premiums 16 Gross rents from companys property including 9 75000 for companys occupancy of its own buildinps 1581743 1172 955 21384 8195 li 07397 32 72 00 98 OS 51 17 Total gross interest and rents 23 Received from home affice 25 From agents balances previously charged off 288400 05022 1009 71 62 i 28 Total income 5178040 111 Disbursements Fire Marine and Inland 1 Gross amount paid policy roiders for losses in cluding 40582740 oc curring in previous years 2417161 89 1145195 01 2 Deduct amount received for salvage fire 27 32759 marine and in land 8896326 rein surance lire 21585797 marine and inland 00102151 total 263185 56 750584 77 15 3 Net amount paid policy holders for losses2153976 33 394610 24 2548586 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agencj expenses 7 Salaries 5855577 and expenses 3697856 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 0 Bents including 9750011 for companys occupancy of its own buildings In Advertising 025227 printing and stationery 3467121 0957s 39 929635 50 7084 64 95534 33 172012 04 25000 83 40903 18 ComptkollekGeneral s Rbpob Ill 11 12 13 14 15 16 17 18 19 20 21 22 31 32 33 39 40 1ostage 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 and taxes and expenses Inspections and surveys Eepairs 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 Federal corporation tax 655868 state county and municipal licenses and fees 912076 franchise tax 465725 total Exchange Remitted home office DeposiT premiums returned Agents balances charged off Gross loss on sale or maturity of ledger assets viz Stocks Gross decrease by adjustment in book value of ledger assets viz Bonds 1906398 stocks 1777595 22178 74 816 68 8397 21 4332 42 42659 87 33547 14 22270 59 30071 89 17539 50 92384 I 1 14987 69 20336 69 4426 44 S3 4291 99 4178 94 5039 81 262 90 36838 93 41 Total disbursements 5082967 32 9 11 IVLedger Assets Book value of real estate Mortgage loans on real estate first liens 2300000 other than first 3500000 Bool value of bonds 497277073 and stocks 13235498 Oash in companys office Deposits in trust companies and banks not on interest Deposits in trust companies and banks on interest Agents balances representing business written subsequent to Oct 1 1912 Agents balances representing business written prior to Oct 1 1912 Bills receivable taken for fire risks 698161 62 58000 00 5105125 71 335 70 172423 53 425366 53 1069490 41 44226 27 79 85 16 Total ledger assets 3211 62102 ComptrollerGenerals Report NonLedger Assets 17 Interest accrued on mortgages 1341 25 18 Interest accrued on bonds 70905 00 23 Rents accrued on eempanys property or lease 8595 34 24 Total 80841 59 25 Market value of real estate over book value 189836 38 30 Gross assets 7843889 59 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 44226 27 38 Book value of ledger assets over market value viz Bonds and stocks 178675 71 40 Cash and investments not in control of trustees 1055125 76 1278027 74 41 Total admitted assets 6565861 85 VLiabilities 1 Gross losses adjusted and unpaid 106109 69 2 Gross claims for losses in process of ad justment or in suspense plus 27 150 reserve for losses incurred prior to Dec 31 of vvhieh no notice had been re ceived on that date 531651 78 3 Gross claims for losses resisted 36306 87 I Total 674068 34 5 Deduct reinsurance due or accrued 123407 ill li Net amount of unpaid losses and claims 550661 00 7 iross premiums less reinsurance receiv ed ami receivable upon nil unexpired fire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 2866 24380 unearned premiums fifty per cent 1433121 91 S ftross premiums less reinsurance receivComptkolleeGenebal s Report in 9 10 ed and receivable upon all unexpired fire risks running more than one year from date of policy 427521098 un earned premiums pro rata 2247596 67 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 4328544 unearned premiums fifty per cent Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 8332367 unearned premiums 50 per cent 14 55392 at 100 per cent 562J 5 75 21642 72 11 12 18 19 20 21 26 28 Total unearned premiums as computed above 3758577 04 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Commissions brokerage and other charges due or to be come due to agents and brokers Return premiums 1399688 reinsurance premiums 78 65088 94113 19 21725 00 92467 67 105285 17 92647 76 Total amount of all liabilities except capital 4715476 83 Surplus over all liabilities 1850385 02 30 Total liabilities 6565861 85 VIRisks and Premiums 1isks Premiums Thereon In force December 31 1911781885856 00 7989709 81 Written or renewed in 1912 543163194 00 5694789 76 Totals 1325049050 00 13684499 57 Deduct expirations and cancellation 548085494 00 5727495 77 Tn force December 31 1912776963556 00 7957003 80 Deduct amount reinsured 86834821 00 814849 02 8 Net amount jn force if90128735 00 7142154 78104 COMPTROLLERGrENERAIiS REPORT 9 Perpetual risks not included above 4642810 00 Deposit premiums on same 98908 28 Business in the State of Georgia During the Year Fire Marine and Inland 2S Gross risks written 11771609 00 15420419 00 Less 2500605 risks cancelled and 84101800 reinsurance in companies authorized in Georgia 3261847 00 79776 00 Net risks written 8509762 00 15340 643 00 29 Gross premiums on risks written 167096 48 97773 08 Less 2061170 return premiums and 1087039 premiums for reinsurance in companies authorized in Georgia 28461 07 3021 02 Net premiums received 138635 41 94752 06 30 Losses paid deducting salvage 114432 06 110564 90 Less losses on risks reinsured in com panies authorized in Georgia 6642 37 Net losses paid 107789 69 110564 90 31 Losses incurred 103364 71 1 10564 90 Less losses on risks reinsured in com panies authorized in Georgia 6767 37 Net losses incurred 96597 34 110564 90 THE COMMONWEALTH INSURANCE COMPANY OF NEW YORK K I Richards President Robert Newboult Secretary Frank H Reynolds Attorney for Service in Georgia TCapita Stock 1 A minim nl capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December of previous year 2557075 36 4 Extended at 2557075 36 IIIncome 5 Gross premiums 1440066 26ComptrollerGeneral s Report 105 Deduct gross amount paid for reinsurance fire 30551681 return premiums fire 27562706 total 581143 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 188877 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Interest on deferred payments of in terest on mortgages 773 Western Adjustment and Apprasial Co 3599 total 16766 52 86069 73 1267 04 43 72 17 Total gross interest and rents 1 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 10500 stocks 1906813 total 858922 39 28 Total income 104147 01 21 14 19173 13 982263 67 IIIDisbursements Gross amount paid policyholders for losses 656010 46 Deduct amount received for salvage fire 1193874 reinsurance fire 122 2591 total 134064 65 3 Net amount paid policyholders for losses 521945 81 4 Expenses of adjustment and settlement of losses 10281 70 5 Commissions or brokerage 178996 38 6 Allowances to local agencies for miscellaneous agency expenses 2927 22 7 Salaries 2218192 and expenses 2246773 of special and general agents 44649 6 8 Salaries fees and all other charges of officers directors trustees and home office employees 25703 97 9 Rents 7509 56 10 Advertising 508433 printing and stationery 11 64746 total 16731 79 11 Postage telegrams telephone and express 6925 79 12 Legal expenses 565 52 13 Furniture and fixtures 2225 71 14 Maps including corrections 745 02106 CoMPTEOLiiBBGrENEEALS RkPORT 15 Underwriters Boards and Tariff Associations 6838 75 16 Fire department fire patrol and salvage corps assess ments fees tares and expenses 7015 51 17 Inspections and surveys 5343 68 20 State taxes on premiums 13138 15 21 Insurance department licenses and fees 7587 26 22 All other licenses fees and taxes Municipal tax and licenses 600186 legal publications 48132 total 6483 18 34 Paid stockholders for interest or dividends amount de clared during the year 5000000 50000 00 38 Agents balances charged off 177 36 39 Gross loss on sale or maturity of ledger assets viz Stocks 2450 00 41 Total disbursements 918242 01 IVLedger Assets 2 Mortgage loans on real estate 309000 00 4 Book value of bonds 123136571 and stocks 84739952 2078765 23 5 Oash in companys office 200 00 7 Deposits in trust companies and banks on interest 87767 87 8 Agents balances representing business written subsequent to October 1 1912 139730 40 9 Agents balances representing business written prior to Oct 1 1912 3906 07 12 Western Adj and App Co 200 00 13 Reinsurance recoverable on paid losses 1415 09 14 Reinsurance recoverable on paid adjust ments 236 15 Sprinkler leakage account placed in un admitted assets 100 00 16 Total ledger assets 2621197 02 NonLedger Assets 17 Interest due 85000 and accrued 223196 on mortgages 3081 96 18 interest accrued on bonds 13719 9S 24 Total 16801 94 30 Gross assets 2637898 96 ComptbollekGenebals Report 107 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 3906 07 38 Book value of ledger assets over market value 34045 23 39 Sprinkler Leakage Account 100 00 38051 30 41 Total admitted assets 2599874 66 VLiabilities 1 Gross losses adjusted and unpaid 15508 00 2 Gross claims for losses in process of ad justment or in suspense 84857 06 3 Gross claims for losses resisted 8935 26 4 Total 109300 32 5 Deduct reinsurance due or accrued 24561 00 6 Net amount of unpaid losses and claims 84739 32 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 608 844 26 unearned premiums fifty per cent 304422 13 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 98355046 un earned premiums pro rata 499523 50 11 Total unearned premiums as computed above 803945 63 18 Salaries rents expenses bills accounts fees etc due or accrued 1500 00 19 Estimated amount hereafter payable fox federal state and other taxes based upon the business of the year of this statement 30000 00 26 Total amount of all liabilities except capiatl 920184 95 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 1179662 71108 ComptrollerGenerals Report 29 Surplus as regards policyholders 1679662 71 30 Total liabilities 2599847 56 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 221688320 00 2076748 1 2 Written or renewed during the year 171539211 00 1440066 26 4 Total 393227431 00 3516814 77 5 Deduct those expired and marked off as terminated 172404234 00 1555706 95 6 In force at the end of the year 220823297 00 1961107 82 7 Deduct amount reinsured schedule re quired 4731256 00 368713 10 S Net amount in force179092041 Oil 1592394 72 Business in the State of Georgia During the Year 28 Gross risks written 1499840 00 Less 61286600 risks cancelled and 65346500 in surance in companies authorized in Georgia 1266331 00 Net risks written 233509 00 29 Gross premiums on risks written 17299 74 Less 280222 return premiums and 580575 premiums for reinsurance in companies authorized in Georgia 8667 97 Net premiums received 8633 77 30 Losses paid deducting salvage 554 10 Loss losses on risks reinsured in companies authorized in Georgia 20 OH Net losses paid 2534 10 31 Losses incurred 1431 20 Less losses on risks reinsured in companies authorized in Georgia 20 00 Net losses incurred 141 20CqmptrollekGenebal s Report 109 CONNECTICUT FIRE INSURANCE COMPANY OF HARTFORD CONN J D Browne President W T Howe Secretary S C Williams Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 1 of previous year 7460KIT 78 4 Extended at 7460137 78 ITIncome 5 Gross premiums 4987998 40 6 Deduct gross amount paid for reinsurance fire 65524927 return premiums fire 58596703 total 1241216 30 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 less 206277 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Bills receivable etc 16 Gross rents from companys property in cluding 1000000 for companys occu pancy of its own buildings 1082800 3746782 10 44940 90 2689 37 233959 51 4083 91 1840 88 10828 00 17 Total gross interest and rents 298342 57 25 From agents balances previously charged off 42 00 26 Giross profit on sale or maturity of ledger assets viz Tteal estate 30000 bonds 10250 stocks 37500 777 50 28 Total income 4045944 17 TTIDisbursements 1 Gross amount paid policyholders for losses including 27684268 occurring in pre vious years 2475805 64110 COMPTBOLLEEGrENEBAL s REPORT 2 Deduct amount received for salvage fire 1822946 reinsurance fire 392 41919 discount fire 140235 total 412051 00 8 9 10 11 12 13 14 15 16 17 IS 19 20 21 22 34 38 39 Net amount paid policyholders for losses 2063754 64 Expenses of adjustment and settlement of losses 34261 95 runmissions or brokerage 803534 69 Allowances to local agencies for miscellaneous agency expenses 15248 oo Salaries 9138933 and expenses 5555269 of special and general agents 146942 01 Salaries fees and all otlier charges of officers directors trustees and home office employees 207164 82 Rents including 1000000 for companys occupancy of its own buildings 29517 04 Advertising 1739044 printing and stationery 32 54511 total 4f935 55 Postage telegrams telephone and express 21789 08 Legal expenses 6358 51 Furniture and fixtures 3071 50 Maps including corrections 11352 76 Underwriters Boards and Tariff Associations 24993 85 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 25726 74 I nspectious and surveys 26638 32 Repairs and expenses other than taxes on real estate 486 58 Taxes on real estate 2028 6 State taxes on premiums 67892 83 insurance department licenses and fees 21712 68 All other licenses fees and taxes Federal corporation tax 154166 municipal licenses and fees 713010 s071 76 Iaid stockholders for interest or dividends amount de clared during the vear 16000000 paid tax for stock holders 3089050 190890 50 Agents balances charged off 1619 tl Gross loss on sale or maturity of ledger assets viz Bonds l483 l 41 Total disbursements 3765076 5 1 TVLedger Assets 1 Book value of real estate 189200 00 2 Mortgage loans on real estate first liens 1014350 00 3 Loans secured by pledge of bonds stocks or other collateral 34000 00 4 Book value of bonds 539759552 and stocks 3435111 total 5741946 93 ComptrollerGenerals Keport 111 5 Cash in company s office 477 90 6 Deposits in trust companies and banks not on interest 20055 39 7 Deposits in trust companies and banks on interest 472851 X2 8 Agents balances representing business written subsequent to Oct 1 1912 197726 34 9 Agents balances representing business written prior to Oct 1 1912 8661 23 11 Bills receivable taken for fire risks 41735 80 16 Total ledger assets 7741005 41 NonLedger Assets 17 Interest accrued on mortgages 11039 80 18 Interest accrued on bonds 30368 78 19 Interest accrued on collateral loans 464 30 24 Total 41873 88 27 Other nonledger assets viz Gross premiums in course of collection not over three months due 38000000 less return premiums 4500000 and reinsurance 55 00000 Jess commission brokerage and all other ex penses thereon 12500000 total 155000 00 30 Gross assets 7937879 29 Deduct Assets Not Admitted 34 Agents balances representing business business written prior to Oct 1 1912 8661 23 35 Bills receivable past due taken for ma rine inland and fire risks 24011 14 38 Book value of ledger assets over market value viz Bonds and stocks 170090 93 40 Total 202769 30 41 Total admitted assets 7735100 9 VLiabilities 1 Gross losses adjusted and unpaid 8155 23 2 Gross claims for losses in process of ad justment or in suspense plus 2000000 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 288747 76 3 Gross claims for losses resisted 41859 01112 ComptrollerGeneral s Report 4 Total i Deduct reinsurance due or accrued 412160 00 89959 15 6 Net amount of unpaid losses and claims 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 1773 42303 unearned premiums fifty per cent Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 026527638 mi v earned premiums pro rata 322200 85 886711 51 3225176 15 11 Total unearned premiums as computed above 4111887 66 19 Estimated amount hereafter payable far federal state and other taxes based upon the business of the year I of this statement 35000 00 26 Total amount of all liabilities except capital 4469088 51 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 2266021 48 29 Surplus as regards policyholders 30 Total liabilities 3266021 48 7735109 99 T Kisks ami Ireniiums Five Kisks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 798 287 8810142 37 2 Written or renewed during the year 45047051li 4987998 in 3 Excess of original premiums over amount received for reinsurance 3745 4 Tota 1248801803 13801880 12 5 Deduct those expired and marked off as terminated 412747561 4772914 43 i In force at the end of the year 836054242 7 Deduct amount reinsured schedule re quired 85021826 9028971 09 990272 28 8 Net amount in fore 751032416 8038699 IIComptrollerGenerals Report 113 Business in the State of Georgia During the Year 28 Gross risks written 2547219 00 Less 51307300 risks cancelled 513073 00 Net risks written 2034146 00 29 Gross premiums on risks written 39531 14 Less 796119 return premiums 7961 19 Net premiums received 31569 95 Net losses paid 8020 78 Net losses incurred 9667 02 THE CONTINENTAL FIRE INSURANCE COMPANY OF NEW YORK Henry Evans President J E Lopez Secretary Home Office 80 Maiden Lane New York N Y 1 L Riley Co Attorneys 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 year 25503123 44 4 Extended at 25503123 44 IIIncome 5 Gross premiums 10641960 70 6 Deduct gross amount paid for reinsurance fire 117984218 marine and inland 9902344 return premiums fire 1 18680884 marine and inland 57 37765 total 2523052 11 7 Total premiums other than perpetual 8118908 59 9 Gross interest on mortgage loans 135 00 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 1473099 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 2402 78 924384 40 104819 47114 om ptrollerGen eraes Report 13 Gross interest from all other sources 1594 02 16 Gross rents from companys property in eluding 1812500 for companys occu pancy of its own builgings 72104 04 17 Total gross interest and rents 1108440 9 19 Profit received being our proportion of participation to the extent of 10000000 in syndicate formed for re organization of the Third Avenue Railroad Company 5310 53 25 From agents balances previously charged off 1896 82 26 Gross profit on sale or maturity of ledger assets viz Bonds 3418900 stocks 9265500 total 126844 00 27 Gross increase by adjustment in book value of ledger assets viz Bonds 783000 stocks 622488011 total 630318 00 28 Total income 9991718 85 10 11 12 13 14 15 16 111Disbursements Gross amount paid policyholders for losses including 46182030 occurring in pre vious years 4568719 42 Deduct amount received for salvage fire 3999789 marine and inland 90050 reinsurance fire 59186191 marine and inland 2530984 total 658070 14 Net amount pail policyholders for losses 3910049 28 Expenses of adjustment and settlement of losses 119107 25 Commissions or brokerage 1657681 05 Allowances to local agencies for miscellaneous agency expenses T 47 71 Salaries 13931973 and expenses 12161037 of special and general agents 260930 10 Salaries fees and all other charges of officers directors trustees and home office employees 436 068 24 Rents including 1812500 for companys occupancy of i Is own buildings 70034 93 Advertising 2420707 winting and stationery 51 24200 total 75509 07 Postage telegrams telephone and express 67629 92 Legal expenses ore gg Furniture ami fixtures 31 549 54 Maps including correct Lions 20150 91 Underwriters Boards and Tariff Associations S5539 20 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 31020 7 Inspections and surveys 7 300 44CoMPXROLLERCtEXERALsS Keport L5 18 19 20 21 22 24 25 26 27 28 29 31 32 34 35 36 38 39 40 41 Repairs and expenses other than taxes on real estate 31691 50 Taxes on real estate 24871 74 State taxes on preiriiums 155877 66 Insurance department licenses and fees 31732 69 All other licenses fees and taxes Federal corporation tax 3786614 municipal taxes 2020440 total 58070 54 Mercantine agencies 8346 70 Miscellaneous l05 16 Exchange 11778 23 Subscription to papers 3387 35 Bills receivable past due charged off 6561 03 Investment expenses other than real estate Legal 3 77469 safe deposit 36250 transfer and notary fees 389 total 4141 08 First Bulgarian Insurance Co reserve 25379 62 First Bulgarian Insurance Co interest I021 6 Paid stockholders for interest or dividends amount de clared during the year 150000000 1000000 00 Scrip or certificate of profits redeemed in cash 43 00 Interest paid to scripholders 60 Agents balances charged off I890 02 Gross loss on sale or maturity of ledger assets viz Bonds 17400 Gross decrease by adjustment in book value of ledger assets viz Real estate 2500000 bonds 9361100 stocks 29421200 total 412823 00 Total disbursements 8554192 ol IVLedger Assets Book value o freal estate 1175000 00 Mortgage loans on real estate first liens 2700 00 Loans secured by pledge of bonds stocks or other collateral 500000 00 Book value of bonds 607495000 and stocks 1620728700 22282237 00 Cash in companys office 3073 16 Deposits in trust companies and banks not on interest 93 62 Deposits in trust companies and banks on interest 1703963 14 Agents balances representing business written subsequent to Oct 1 1912 1041413 36 Agents balances representing business written prior to Oct 1 1912 3467 47 Bills receivable taken for fire risks 228702 03 m A c 26940019 78 Total ledger assets r116 OMPTKOLL ebGtenebal s Report Mob Ledger Assets 18 Interest due 3755000 and accrued 36 58144 on bonds 74131 44 20 Interest accrued on bank balances 83 71 22 Declared dividends on stocks transfer books closed 135259 75 24 Total 209474 90 30 Gross assets 271511124 68 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 3417 47 35 Bills receivable past due taken for ma rine inland and fire risks 76625 93 80093 40 41 Total admitted assets 2707003 28 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 6150000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 517331 70 3 dross claims for losses resisted I 50 4 Total 560664 20 5 Deduct reinsurance due or accrued 75459 43 li Xet amount of unpaid losses and claims 485204 77 7 dross 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 or perpetual fire risks 4243 33570 unearned premiums lifty per cent 2121667 85 v dross premiums less reinsurance receiv ed and receivable 111011 all unexpired lire risks running more than one year from date of policy 1279747626 un earned premiums pro rata 6S32139 68ComptrollerGekerals Report 117 Gross premiums less reinsurance cash and bills received and receivable upon all un expired inland navigation risks 13682008 unearned premiums fifty per cent 1410 04 11 15 16 17 18 19 20 21 23 24 26 27 28 29 30 Total unearned premiums as computed above 9022217 57 Principal unpaid on scrip certificates of profits authorized or ordered to be redeemed Interest due or accrued on scrip Dividends declared and unpaid to stockholders Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable fox federal state and other taxes based upon the business of the year of this statement Commissions brokerage and other charges due or to be come due to agents and brokers Reinsurance premiums All other liabilities viz Rent paid in advance Reserve for contingencies 26657 00 6063 30 500000 00 27500 00 162000 00 75386 16 24894 68 116 60 250000 00 Total amount of all liabilities except capital 10580040 08 Capital actually paid up in cash 2000000 00 Surplus over all liabilities 14489991 20 Surplus as regards policyholders Total liabilities IVRisks and Premiums 16489991 20 27070031 28 Premiums Thereon Fire Risks In force on the 31 day of December as per line 5 under this heading in last years statement 1679636131 17488374 17 Written or renewed during the year 1038796311 10641960 17 Total 2718432442 28130334 87 Deduct those expired and marked off as terminated 930164641 9276514 42 In force at the end of the year 1788267801 18853820 45 Deduct amount reinsured schedule re quired 160552518 1676188 A 1 Net amount in force 1627715283 17177632 04118 COMPTROLLERGENERALS REPORT Business in the State of Georgia During the Year 28 Gross risks written 16236054 UU Less 341758100 risks cancelled and 46517300 re insurance in companies authorized in Georgia 3882754 00 Net risks written 12353300 00 29 Gross premiums on risks written 211492 96 Less 3237784 return premiums and 227300 premiums tor reinsurance in companies authorized in Georgia 34650 84 Xet premiums received 176842 12 30 Losses paid deducting salvage 98870 19 Less losses on risks reinsured in companies authorized in Georgia 3145 75 Net losses paid 95724 44 3 1 Losses incurred 91665 91 Less losses on risks reinsured in companies authorized in Georgia 116 33 Nor losses incurred 91519 58 DIXIE FIRE INSURANCE COMPANY OF GREENSBORO N C H E Bush President F M Garner Secretary E J Dickey Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 no 2 Amount of ledger assets as per balance December 31 of previous year 1174165 7 4 Extend at 1174165 Til IIIncome 5 Gross premiums 841556 91 6 Deduct gross amount paid for reinsurance fire 10058720 return premiums fire 17208342 total 272670 62 7 Total Premiums other than perpetual 568886 29 9 Gross interest on mortgage loans 16599 soComptrollerGeneral s Report 119 10 Gross interest on collateral loans 1396 90 11 Gross interest on bonds and dividends on stocks less 8305 accrued interest on bonds acquired during 1912 20464 37 12 Gross interest on deposits in trust com panies and banks 2202 50 16 Gross rents from companys property in cluding 180000 for companys occu pancy of its own buildings 10366 35 25 From agents balances charged off 50 00 26 Gross profit on sale or maturity of ledger assets viz Bonds 406 25 28 Total income 620372 46 JITDisbursements 1 Gross amount paid policyholders for losses including 6434476 occurring in pre vious years 2 Deduct amount received for salvage fire 677442 reinsurance fire 5157518 402646 83 58349 60 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 1342500 and expenses 1129544 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Bents including 180000 for companys occupancy of its own buildings 10 Advertising 237987 printing and stationery 309114 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes County tax North Carolina Corp tax Oitv licenses and taxes 344297 23 10951 34 129808 38 24720 44 34129 79 1800 00 5471 01 3328 33 2606 77 277 76 93S 34 9886 24 3257 60 70S 00 5100 05 940 50 7214 07 4501 94 1032 25 468 75 4164 50120 omptrollerGenerals Report Agents licenses Fire marshal tax City of Greensboro 23 Other disbursements Office expense Traveling expense Auditing expense Bonding treasurer and state deposit bonds Delta Yazoo levee tax 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Real estate 41 Total disbursements IVLedger Assets 1 Hook value of real estate 100100 00 2 Mortgage loans on real estate 326353 7 Loans secured by pledge of bonds stocks or other collateral 16700 00 4 Hook value of bonds 51171684 and stocks 550000 total 17210 84 5 Gash in companys office til 1 07 ti Deposits in trust companies and banks not on interest 4853 17 7 Deposits in trust companies and banks on interest 83249 02 8 Agents balances representing business written subsequent to October 1 1912 117451 9 Agents balances representing business written prior to Oct 1 1912 19938 12 Other ledger assets viz Western Sprink led Risk Assn 500 00 Phila Underwriters Assn Deposit 31 00 Reinsurance recoverable on paid losses 2682 50 16 Tot n I ledger assets 2001 80 777 si l8S5 00 110 56 714 58 809 2 257 16 bio 00 81 49 2430 69 ft 604881 63 NonLedger Assets 17 Interest due 206600 and accrued 4 26040 on mortgages 632ft 40 18 Interest accrued on bonds 7112 is 19 Interest accrued on collateral loans 189 7S 21 Bank interest on balances 509 42 23 Rents due 37750 and accrued 73000 on companys property or lease 1107 50ComptrollerGenerae s Report 121 24 Total 15275 58 28 Furniture fixtures and maps 12000 00 29 Supplies printed matter and stationery 1500 00 30 Gross assets 1218432 20 Deduct Assets Not Admitted 32 Supplies printed matter and stationery 1500 00 33 Furniture fixtures and safes 12000 00 34 Agents balances representing business written prior to Oct 1 1912 19938 09 38 Book value of ledger assets over market value 16166 84 41 Total admitted assets 1168827 27 VLiabilities 1 Gross losses adjusted and unpaid 5749 48 2 Gross claims for losses in process of ad justment or in suspense plus 207500 reserve for losses incurred prior to Dec ember 31 of which no notice had been received on that date 32952 00 3 Gross claims for losses resisted 2812 00 4 Total 41513 48 5 Deduct reinsurance due or accrued 3072 75 6 Net amount of unpaid losses and claims 38440 73 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 387 31367 unearned premiums fifty per cent 193650 83 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 42534202 un earned premiums pro rata 222447 19 II Total unearned premiums as computed above 416104 02122 ComiTKuKKliNKRArs Report 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 10000 00 26 Total amount of ail liabilities except capital 464544 71 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 204282 52 29 Surplus as regards policyholders 704282 52 30 Total liabilities 11 68827 27 VITiisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 77207S90 00 1102549 93 2 Written or renewed during the year 58107192 00 811550 91 3 Excess of original premiums over amount received for reinsurance 2485 28 4 Total 135315082 00 if 1908982 12 5 Deduct those expired and marked off as terminated 64452282 00 950584 38 0 Tn force at the end of the year 70862800 00 1012397 74 7 Deduct amount reinsured schedule re quired 17030754 00 190712 05 8 Net amount in force 53832046 00 812655 09 Business in the State of Georgia During the Year 28 Gross risks written 2312543 00 Less 53529200 risks cancelled and 379240 00 reinsur ance in comanies authorized in Georgia 914532 Net risks written 1398011 00 29 Cross premiums on risks written 39331 83 Less 738430 ertum premiums and 71294 premiums for reinsurance in companies authorized in Georgia 11513 71 Net premiums received 24818 12 30 Losses paid deducting salvage 20183 78 Less losses on risks reinsured in companies authorized in Georgia 5089 45 Net losses paid 14494 33ComptrollerGenerals Keport 123 31 Losses incurred 21822 55 Less losses on risks reinsured in companies authorized in Georgia 6588 45 Xet losses incurred 15234 10 EQUITABLE FIRE MARINE INSURANCE COMPANY OF PROVIDENCE R I Fred W Arnold President Saml G Howe Secretary John J McKay Attoney for Service in Georgia TCapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous year 1176832 42 4 Extended at 1176832 42 IIIncome 5 Goss premiums 108511 1 96 6 Deduct gross amount paid for reinsurance fire 43394768 marine and inland 90000 return premiums fire 184 27578 marine and inland 222710 621350 62 7 Total premiums other than perpetual 463761 34 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 49285 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 14 Philadelphia Underwriters Assn 15 Milwaukee Board of Underwriters 16 Gross rents from companys property in eluding 650000 for companys occu pancy of its own buildings 5947 46 31833 46 283 16 5 25 2 00 9564 40 17 Total gross interest and rents 47685 73 18 From other sources Conscience money 5000 borrowed money 1000000 total 10050 00 24 Increase in liabilities during the year on account of re insurance treaties 154538 71RMi wmmwrn t24 ComptrollerOenerals Report 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 174000 stocks 3740000 total 27 Gross increase by adjustment in book value of ledger assets viz Bonds 21750 stocks 23500 total 28 Total income Tl 1Disbursements 1 Gross amount paid policy holders for losses including 4606954 occurring in pre vious years 2 Deduct amount received for salvage fire 5 26438 marine and inland 51317 reinsurance fire 18540091 discounl fire 25008 total 511004 79 19B42S 54 itiua and stationery Net amount paid policyholdevs for losses 4 Expenses of adjustment and settlement of losses 5 ommissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Slavics 3575640 and expenses 16j78520 of special and general agents 8 Salaries fees and all other charge of officers directors trustees and home office employees 9 Rents including 650000 for companys occupancy of its own buildings 10 Advertising 143330 14532 total 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixture 14 Maps including corrections 15 UnderwritersBoards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys IS Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 1 Insurance department licenses and fees 22 Ml other licenses fees and taxes Federal corporation tax 17730 municipal and county fees and taxes 139578 total 23 Other disbursements Exchange 28067 lighting puriv and sundry expense 160812 subscriptions 319576 25 8609 10 44116 44 792 9 1 725 11 66 32040 60 7959 40 10578 62 5298 1 I 611 85 1082 90 2761 37 8307 13 66 82 1775 02 2933 62 1967 13 13370 98 6393 S7 1573 08omptrollkrGknkkals Report 125 to magazines papers etc 26073 interest allowed on marine premiums 43762 interest on borrowed money 73185 borrowed money 1011000 total 43318 99 37 Decrease in liabilities during the year on account of re i insurance treaties 232516 9b S8 Agents balances charged off 135 15 39 Gross loss on sale or maturity of ledger assets viz Bonds 0910 00 40 Gross decrease by adjustment in book value of ledger assets viz Bonds Ki Q0 41 Total disbursements 8n991 og IVIedger Assets 1 Book value of real estate 101 180 00 2 Mortgage loans on real estate 122550 00 4 Book value of bonds 45375000 and stocks 19580000 total 649550 00 5 Cash in companys office 319 09 6 Deposits in trust companies and banks not on interest g 994 3 7 Deposits in trust companies and banks on interest 58083 85 8 Agents balances representing business written subsequent to Oct 1 1912 138856 40 9 Agents balances representing business written prior to Oct 1 1912 2 925 89 10 Bills receivable taken for marine and inlands risks 1 198 25 12 Other ledger assets viz Insurance Assn of Prov deposit 10000 13 Cincinnati Underwriters Assn deposit 125 00 14 Milwaukee Board of Underwriters deposit 50 00 15 Philadelphia Underwriters Assn deposit 200 00 16 Total ledger assets j 80 42 61 NonLedger Assets 1 Interest accrued on mortgages 214 63 18 Interest accrued on bonds 6 894 44 23 Rents due 13750 and accrued 48750 on company s property or lease 625 00 24 Total 7 4 0 26 Market value not including interest in item IS of bonds and stocks over book value is 171 50 30 Gross assets 1146338 18 126 ComptrollekGexeeal s Kepobt Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 95 89 39 Deposits Underwriters Assns 475 00 8400 89 41 Total admitted assets 1142937 29 VLiabilities 1 Cross losses adjusted and unpaid 26228 06 2 Gross claims for losses in process of ad justment or in suspense plus 281789 reserve for losses incurred prior to Dec ember 31 of which no notice had been received on that date 53173 93 3 Gross claims for losses resisted 11674 21 4 Total 91076 20 5 Deduct reinsurance due or accrued 40006 12 6 Net amount of unpaid losses and claims 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 20649087 unearned premiums fifty per cent 103245 44 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 27158765 un earned premiums pro rata 137081 78 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 2841049 Hulls 2838722 at 50 per cent 14 19361 Cargo 2327 at 100 per cent 2327 total 14216 88 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 11070 08 254544 10 1000 00 15000 00ComptrollerGenerals Report 127 20 Commissions brokerage and other charges due or to be come due to agents and brokers 5 000 00 23 All other liabilities viz Interest on mortgages called in advance 421 10 24 Liability on acct of reinsurance treaties 154538 71 26 Total amount of all liabilities except capital 481573 99 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 261363 30 29 Surplus as Tegards policyholders 661 363 30 30 Total liabilities 1142 937 29 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in hist years statement 134266295 00 1486213 2 2 Written or renewed during the year 95192519 00 1025768 33 Excess of original premiums over amount received for reinsurance 3042 79 4 Total 229458814 00 2515024 35 5 Deduct those expired and marked off as terminated 102676521 00 1174254 39 6 Tn force at the end of the year 1912 126782293 00 1340769 96 7 Deduct amount reinsured SO947218 00 862691 44 8 Net amount in force December 31 1912 45835075 00 478078 52 Business in the State of Georgia During the Year 28 Cross risks written 1009226 00 Less 11434900 risks cancelled and 24846200 reinsur ance in companies authorized in Georgia 162811 00 Net risks written 040415 00 29 Gross premiums on risks written 13204 06 Less 143931 return premiums and 205301 premiums for reinsurance in companies authorized in Georgia 3492 32 Xef premiums received 9711 74 30 Losses paid deducting salvage 2466 08 Less losses on risks reinsured in companies authorized in Georgia 923 4128 ComptrollerGenerals Report Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 1542 o4 2310 00 923 44 1386 56 EQUITABLE FIRE INSURANCE COMPANY OF CHARLESTON S C David Huguenin President Wm G Mazyck Secretary F II Reynolds 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 374677 18 4 Extended at 374677 tt IITinoin e 5 Gross premiums 6 Deduct gross amount paid for reinsurance marine and inland 4651567 return premiums marine and inland 39 94225 total 227471 56 86457 92 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 Giross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Seashore Imp Co 2126 delinquent agents 290 Charleston Board of Un derwriters 100 total 16 Gross rents from companys property in cluding 72000 for companys occu pancy of its own buildings 141013 64 305 50 4561 75 11100 00 199 53 25 16 1495 00 1 7 Total gross interest and rents 17686 94ComptrollerGenerals Report 129 18 From other sources Increase in cash surrender value of policy 875009 Equitable Life Assurance Society 28 Total income 105 00 158805 58 IIIDisbursements 1 Gross amount paid polieyliolders for losses including 446987 occurring in pre vious years 87012 99 2 Deduct amount received for salvage fire 92671 reinsurance fire 2708999 28016 70 3 Net amount paid polieyliolders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 234000 and expenses 648985 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 72000 for companys occupancy of its own buildings 10 Advertising 27246 printing and stationery 195304 11 Postage telegrams telephone and express 13 Furniture and fixtures 14 Maps including corrections 15 TJnderwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 22706 municipal taxes and licenses 463520 23 Other disbursements Commercial agency 15000 ex change 23571 light water and fuel 23189 in surance 25595 petty cash items 16417 total 36 Interest paid to scripholders 39 Gross loss on sale or maturity of ledger assets viz Bonds 64750 TTibernia Savings Bank Deposit 44812 total 41 Total disbursements 58996 29 2108 04 20032 24 87S 51 8829 85 13075 00 720 00 2 225 511 877 96 147 511 685 58 3 00 38 27 134 98 263 70 781 47 1362 80 4862 26 1037 72 15000 00 1095 62 133147 33130 ComptrollerGenerals Report IVLedger Assets 1 Book value of rea lestate 15a82 9o 2 Mortgage loans on real estate 18800 00 3 Loans secured by pledge of bonds stocks or other collateral 76350 0a 4 Book value of bonds 23335247 and stocks 11000 00 244352 47 a fi 93 9 5 Gash m companys office ao 6 Deposits in trust companies and banks not f 2381 94 on interest 7 Deposits in trust companies and banks on 3503 33 interest 8 Agents balances representing business written subsequent to Oct 1 1912 30562 8G 9 Agents balances representing business written prior to Oct 1 1912 627 60 11 Bills receivable taken for fire risks 425 36 12 Other ledger assets viz Cash surrender value policy No 875009 Equitalile Life Assurance Society M55 00 m a 400335 43 16 Total ledger assets NonLedgei Assets 17 Interest accrued on mortgages 185 00 18 Interest accrued on bonds 21 Savings Bank deposits 11 14 99 24 Total nR 25 Market value of real estate over book value 405867 47 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 l 38 Book value of ledger assets over markel value viz Stocks and bonds 3807 47 1435 07 401432 40 41 Total admitted assets ComptbollebGenebal s Repobt VLiabilities m 2 Gross claims for losses in process of ad justment or in suspense 14582 5b 4 Total 5 Deduct reinsurance due or accrued 6 Net amount of unpaid losses and claims 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 9302987 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 13480801 un earned premiums pro rata 14582 56 5562 42 46514 94 73797 88 11 Total unearned premiums as computed above 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 67409 80 29 Surplus as regards policyholders 9020 14 120312 82 2000 00 2689 64 134022 60 267409 80 30 Total liabilities 401432 40 VI Bisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 13708592 59 248587 27 2 Written or renewed during the year 12275510 65 227471 56 4 Total 25984103 24 470058 83 5 Deduct those expired and marked off as terminated 10590098 75 189376 20132 ComptrollerOenerals Repokt 6 In force at the end of the year 15394004 49 286682 63 7 Deduct reinsurance schedule required 3238978 25 58844 75 8 Net amount in force 12155026 24 277837 90 Business in the State of Georgia During the Year 28 Gross risks written 2213130 83 Less 40621800 risks cancelled and 46376670 insur ance in companies authorized in Georgia 869984 76 Net risks written 1343146 07 29 Gross premiums on risks written 40171 50 Less 547927 return premiums and 807993 premiums for reinsurance in companies authorized in Georgia 13559 20 Net premiums received 26612 30 30 Losses paid deducting salvage 19995 09 Less losses on risks reinsured in companies authorized in Georgia 5758 13 Net losses paid 14236 96 31 Losses incurred 23198 93 Less losses on risks reinsured in companies authorized in Georgia 6508 13 Net losses incurred 16690 80 FIDELITYPHENIX FIRE INSURANCE COMPANY OF NEW YORK Henry Evans President T A Swinnerton Secretary ICapital Stock 1 Amount of capital paid up in cash 2500000 00 2 Amount of ledger assets as per balanced December 31 of previous year 14333309 91 4 Extended at 14333309 91 IIIncome Fire Marine and Inland 5 loss premiums8324178 97 229557 00 6 Deduct gross amount paidComptrollerGeneral s Report 133 for reinsurance fire 1 15928452 marine and inland 4792031 re turn premiums fire 1 11420475 marine and inland 4633497 6050689 70 135301 75 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 919365 accrued interest on bonds acquired during 1912 12 Gross interest on deposits iii trust com panies and banks 13 Gross interest from all other sources 16 Gross rents from companys property in cluding 450000 for companys occu pancy of its own buildings 6185991 42 11384 94 448765 87 56302 40 379 04 29054 12 17 18 20 Total gross interest and rents Prom other sources Recovery from Stockdell transactions scheduleX Life Insurance 4062500 less amount re funded 97000 total Recovery from estate accounts Sheldons transactions From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 640300 stocks 3619900 total 27 Gross increase by adjustment in book value of ledger assets viz Bonds 788900 stocks 38744100 545886 37 28 Total income 39655 00 34979 20 372 45 42602 00 395330 00 7244816 44 IIIDisbursements Fire 1 Gross amount paid policy holders for losses in cluding 47276786 oc curring in previous years 3782798 42 2 Deduct amount received for salvage fire 3296316 marine and inland 17500 reinsurance fire 60277465 marine and inland 1279572 total 635737 81 Marine and Inland 61316 51 12970 72134 ComptrollerGeneral s Report 3 Net amount paid policy holders for losses 3147060 61 48345 9 3195406 40 4 Expenses of adjustment and settlement of losses W6 19 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 14213707 and expenses 12263104 of special and general agents S Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 450000 for companys occupancy of its own buildings iii 10 Advertising 2098318 printing and stationery 41 75720 total 4g779 go 11 Postage telegrams telephone and express 12 Legal expenses 1871171 13 Furniture and fixtures gg 14 Maps including corrections Ti7w qq 15 Underwriters Boards and Tariff Associations 1V 16 Fire department lire patrol and salvage corps assess merits fees taxes and expenses 17 Inspections and surveys VI iy m 18 Repairs and expenses other than taxes on veal estate 040 Ul 19 Taxes on real estate u 20 State taxes on premiums 49 21 Insurance department licenses and fees All other licenses fees and taxes Federal corporation tax 2007099 municipal taxes 1221611 total 32287 10 23 Other disbursements Mercantile agencies 25 Miscellaneous n M 26 Exchange 2107 90 27 Subscription to papers o8 Investment expenses brokerage for Mammoth Beach ppty 30000 collections of Council Bluff Water Works Co coupons 91900 insurance on property which company held mortgage 6468 premiums on insurance nfe U o Stockdell 106290 transfer and notary fees 3510 safe deposil boxes rent 16250 total 2544 24 32 Balance of claim against citizens Insurance Co charged to profit and loss account 34 id stockholders for interest or didends amount de elared during the year 37500000 37 Decrease in liabilities during the year on account of re insurance treaties 21 422 30 38 Agents balances charged offComptrollerGenerals Report 135 39 Gross loss on sale or maturity of ledger assets viz Bonds 25 00 40 Gross decrease by adjustment in book value of ledger assets viz Eeal estate 42387 97 Bonds 4220000 Stocks 235595 00 41 Total disbursements 6464840 08 IVLedger Assets 1 Book value of real estate 572500 00 2 Mortgage loans on real estate first liens 29500 00 4 Book value of bonds 255213300 and stocks 9633603 00 total 12185736 00 5 Cash in companys office 1364 7 7 Deposits in trust companies and banks on interest 1136260 54 8 Agents balances representing business written subsequent to Oct 1 1912 801778 27 9 Agents balances representing business written prior to Oct 1 1912 3617 32 11 Bills receivable taken for fire risks 371279 41 12 Other ledger assets viz Bills receivable taken for Atlanta Ga real estate sold 11250 00 16 Total ledger assets 15113286 27 NonLedger Assets 17 Interest accrued on mortgages 450 01 18 Interest accrued on bonds 33300 02 20 Interest accrued on bonds deposit 80 35 21 Interest accrued on bills receivable taken for Atlanta Ga real estate sold 281 21 22 Declared dividend on stock 60490 25 23 Rents accrued on companys property or lease 250 00 24 Total f 30 Gross assets 15208138 15 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 617 32136 COMPTBOLLERGENERAIiS EePORT 35 Bills receivable past due taken for ma rine inland and Are risks 59435 14 41 Total admitted assets 15145085 69 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 64 46500 reserve for losses incurred prior to December 31 of which no notice had been received on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 606552 15 48752 00 655304 IS 119680 75 6 Net amount of unpaid losses and claims 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 3250 44606 unearned premiums fifty per cent 1625223 03 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 956909775 un earned premiums pro rata 51 11127 98 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 13088255 unearned premiums fifty per cent 68441 27 535623 40 11 17 18 19 LMi 21 Total unearned premiums as computed above Dividends declared and unpaid to stockholders Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Commissions brokerage and other charges due or to be come due to agents and brokers Reinsurance premiums All other liabilities viz Reserve for contested liabilities Reserve for contingencies 6834792 28 125000 00 25000 00 141000 00 20000 00 5000 00 251000 00 100000 00ComptrollerGenerals Report 137 26 Total amount of all liabilities except capital 8045415 68 27 Capital actually paid up in cash 2500000 00 28 Surplus over all liabilities 4599670 01 29 Surplus as regards policy holders 7 099 670 01 30 Total liabilities 15u og5 69 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 1178475912 14058471 52 2 Written or renewed during the year 777670521 8324178 97 t TtaI 2056146433 22382650 49 0 Deduct those expired and marked off as terminated 744355633 8112560 95 6 In force at the end of the year 1311790800 14270089 54 7 Deduct reinsurance schedule required 132387175 1450 545 73 8 Net amount in force 1179403625 12819543 81 Business in the State of Georgia During the Year 28 Gross risks written 7 91 q Less 115450400 risks cancelled and 2244200 reinsur ance in companies authorized in Georgia 1 132 062 00 Net risks written 6459043 00 29 Gross premiums on risks written 129 286 95 Less 1336748 return premiums and 41028 premiums for reinsurance in companies authorized in Georgia 13777 76 Net premiums received J 30 Losses paid deducting salvage 42 6fi J Less losses on risks reinsured in companies authorized in Ge0ria 49 26 Net losses paid sl 31 Losses incurred fl 4Q Less losses on risks reinsured in companies authorized in Georgia 49 26 Net losses incurred g 138 ComptrollerGenerals Report FIRE ASSOCIATION OP PHILADELPHIA M G Garrigues Secretary E C Irvin President W E Chapin Atlanta Attorney for Service in Georgia jCapital Stock 1 Amount of capital paid up incash 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 887041 4 1 Extended at 8876407 45 11 Income 5878230 00 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 76679532 return premiums fire 94065655 total 70745 S 7 Total premiums other than perpetual S Deposit premiums written on perpetual risks gross 9 Grose interest on mortgage loans less 80344 accrued interest on mortgages acquired during 1912 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 238967 accrued interest on bonds acquired during 1912 12 Cross interest on deposits in trust font panics and banks 13 Gross interest from all other sources Iliila Und Tariff Assn on deposit 630 interest on agents note 1500 Hi Gross rents from companys property in cluding 087500 for companys occu eupancy of its own buildings 4170778 13 299S3 70 118684 31 630 92 230402 22 043 84 21 20 22039 72 17 Total gross interest and rents 18 From other sources Earned deposits 516464 profit and loss conscience money 30000 total 25 From agent balances previously charged off 383822 31 1464 64 1187 52ComptrollerGeneral s Report 139 26 Gross profit on sale or maturity of ledger assets viz Real estate 184863 bonds 412572 stocks 5 07500 total 11049 35 28 Total income 4602285 65 IIIDisbursements 1 Gross amount paid policyholders for losses including 31575444 occurring in pre vious years 2759109 21 2 Deduct amount received for salvage fire 2289561 reinsurance fire 37197954 discount fire 205042 total 396925 57 8 9 10 11 12 13 14 15 16 17 18 19 20 21 29 33 34 Net amount paid policyholders for losses 2362183 64 Expenses of adjustment and settlement of losses 39075 21 Commissions or brokerage 818281 15 Allowances to local agencies for miscellaneous agency expenses 10656 56 Salaries 18372101 and expenses 11852858 of special and general agents 302249 59 Salaries fees and all other charges of officers directors trustees and home office employees 17 420 46 Kents including 687500 for companys occupancy of its own buildings 17783 86 Advertising 527959 printing and stationery 28 13110 total 33410 69 Postage telegrams telephone and express 29309 12 Legal expenses 2606 43 Furniture and fixtures 27609 98 Maps including corrections 15614 13 Underwriters Boards and Tariff Associations 58867 66 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 12696 iti Inspections and surveys 18885 60 Kepairs and expenses other than taxes on real estate 6176 77 Taxes on real estate 6619 68 State taxes on premiums 96063 92 Insurance department licenses and fees 36299 41 All other licenses fees and taxes Federal corporation tax 336780 tax on capital 1474443 municipal tax 545533 filing annual statements 26500 total 23832 56 Other disbursements Commission on purchase and sale of securities 706 Deposit premiums returned 62451 71 Paid stockholders for interest or dividends amount de clared during the year 300000 00140 ComptbollerGenebals Repobt 38 Agents balances charged off 1210 92 39 Gross loss on sale or maturity of ledger assets viz Real estate 237723 bonds 727648 total 9653 71 41 Total disbursements 4463665 57 IVLedger Assets 1 Book alue of real estate 767484 21 2 Mortgage loans on real estate 1987931 66 3 Loans secured by pledge of bonds stocks or other collateral 193951 12 4 Book value of bonds 470949556 and stocks 25237597 total 496187153 5 Gash in companys office 29901 99 6 Deposits in trust companies and banks not on interest 94027 33 7 Deposits in trust companies and banks on interest 359397 62 8 Agents balances representing business written subsequent to Oct 1 1912 619818 91 9 Agents balances representing business written prior to Oct 1 1912 643 17 16 Total ledger assets 9015027 54 NonLedgeT Assets 17 Interest due 1026600 and accrued 29 22173 on mortgages 39487 73 18 Interest accrued 71569 10 19 Interest due 55009 and accrued 5162 on collateral loans 601 71 20 interest accrued on bank deposits 1143 12 23 Rents due 32275 and accrued 184490 on companys property or lease 2167 65 24 Total 30 Gross assets 114969 31 9129996 85 Deduct Assets Not Admitted 31 Companys stock owned 10850 00 34 Agents balances representing business written prior to Oct 1 1912 643 17ComptrollerGenerals Report 141 38 Book value of ledger assets over market value viz Real estate 2 807 04 Bonds and stocks 24 555 53 41 Total admitted assets o 091 34 31 VLiabilities 1 Gross losses adjusted and unpaid 104256 80 2 Gross claims for losses in process of ad justment or in suuspense plus 30 00000 reserve for losses incurred prior to December 31 of which no notice had been received on that date 267 950 16 3 Gross claims for losses resisted 42 554 57 4j Total 414761 53 5 Deduct reinsurance or accrued 59 616 25 6 Net amount of unpaid losses and claims 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 tire risks 2004 48111 unearned premiums fifty per eent 1302240 56 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 468744573 un earned premiums pro rata 2473969 95 355145 28 11 Total unearned premiums as computed above 3776210 51 12 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the prem iums or deposit received 574 187 gg i8 Salaries rents expenses bills accounts fees etc due or accrued S 30 54 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30 qqq n 21 Reinsurance premiums j2 203 06 26 Total amount of all liabilities except capital 5750877 81142 ComptrollerGenerals Report 27 Capital actually paid up in cash 750000 00 28 Surplus over all liabilities 2o9Uztrf au 29 Surplus as regards policyholders 30 Total liabilities 3340263 30 9091141 11 VIRisks and Premiums Fire Risks Premiums Thereon L In force on the 31 day of December as per line 5 under this heading in last years statement 2 Written or renewed during the year 846450532 7898224 10 512631157 5878230 00 4 Total 5 Deduct those expired and marked oil as terminated 1359081689 13776 454 10 596436676 5735173 02 762645013 8041281 08 65221799 749354 24 6 In force at the end of the year 7 Deduct amount reinsured schedule re quired t 697423214 7291926 84 8 Net amount m torce 9 Perpetual risks not included above 7596642100 deposit premiums on same Business in the State of Georgia During the Year 8492712 00 28 Gross risks written in8nr Less 168811500 risks cancelled and 807548 ance in companies authored m Georgia 5997049 00 Net risks written 7 29 Gross premiums on risks written Less 2175933 return premiums and 1505 Lums for reinsurance in companies authorized in Qa V 95620 34 Net premiums received 48048 23 10 losses paid deducting salvage 30 1 ses on risks reinsured in companies authorized in Less losses on Georgia 5064 49 Net losses paid u Losses jk companiesauthorized in Less losses on risus remsuieu i Georgia 42983 71 48587 95 5668 33 Not losses incurred 42919 62 COMPTKOLLElvGrKN ERAL g REPORT 143 FIREMANS FUND FIRE INSURANCE COMPANY OF SAN FRANCISCO CALIFORNIA Win 1 Dutton President Louis Weinmann Secretary Edgar L Wilson Manager Attorney for Service in Georgia ICapita Stock 1 Amount of capital paid up in cash 1500000 00 2 Amount of ledger assets as per balance December 31 of previous year 8612788 39 4 Ivxtended at 8612788 39 IT Income 5 Gross premiums 8989110 88 6 Deduct gross amount paid for reinsurance fire 78619477 marine and inland 1 45725396 return premiums fire 844 54708 marine and inland 42834864 3516344 45 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 25650 accrued interest on mortgages acquired during 1912 Gross interest on collateral loans Gross interest on bonds and dividends on stocks less 750825 accrued interest on bonds acquired during 1912 Gross intrest on deposits in trust com panies and banks Gross interest from all other sources Interest received on advices made on marine losses 16 Gross rents from companys property in cluding 1470000 for companys occu pancy of its own buildings 5472766 43 10 11 12 13 55986 37 13407 45 247720 48 11190 18 1554 04 19333 00 17 Total gross interest and rents 18 From other sources Income from Schedule X 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 378500 stocks 2393000 total 28 Total income 349191 52 250 00 410 28 27715 00 5850333 23144 ComptbollerGexerals Report IIIDisbursements 1 Gross amount paid policyholders for losses including 57346678 occurring in pre vious years 4296387 16 2 Deduct amount received for salvage fire 1509431 marine and inland 171 09427 reinsurance fire 45232459 marine and inland 75272930 discount fire 87903 total 1392121 50 4 5 6 i 7 8 9 in 11 12 13 14 15 16 17 18 19 20 21 go 2 34 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 24599829 and expenses 10055487 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including 1470000 for companys occupancy of its own buildings Advertising 3651665 printing and stationery 45 4701O total Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps including corrections Underwriters Boards and Tariff Associations Fire department lire 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 depart meet licenses and fees All other licenses fees and taxes Federal corporation tax 295023 franchise and municipal license 5J 1 1622 personal property tax 19099 total Other disbursements Donations and charity aid stockholders for interest or dividends amount de clared during the year Agents balances charged off Gross loss on sale or maturity of ledger assets viz Ionds 10309111 stocks 135400 total 2903265 66 54046 88 963013 33 21548 41 346553 16 218215 63 32281 54 81992 75 10325 15 7624 62 6099 46 10909 73 58747 I 12068 26 21765 66 2846 15 6237 00 114802 29 30122 87 8687 44 1047 00 240000 00 2648 40 1 1663 10 41 Total disbursements 197012 499 10 12 16 17 18 19 24 30 34 38 40 41 ComptrollerGenerals Report 145 IVLedger Assets Book value of real estate 473442 39 Mortgage loans on real estate 1004083 33 Loans secured by pledge of bonds stocks or other collateral 430850 00 Book value of bonds 4828717 17 and stocks 628668 50 total 5457385 67 Cash in companys office 7815 67 Deposits in trust companies and banks not on interest 83831 75 Deposits in trust companies and banks on interest 593984 03 Agents balances representing business written subsequent to Oct 1 1912 1144954 45 Agents balances representing business written prior to Oct 1 1912 43883 09 Bills receivable taken for marine and inland risks 22860 30 Other ledger assets viz County and school district warrants 3018 45 Total ledger assets 9266109 13 NonLedger Assets Interest due 61850 and accrued 4 29972 on mortgages 4918 22 Interest accrued on bonds 79474 66 Interest accrued on collateral loans 512 11 Total 84904 99 Gross assets 9351014 12 Deduct Assets Not Admitted Agents balances representing business written prior to Oct 1 1912 43883 09 Book value of ledger assets over market value viz Bonds and stocks 35764 56 Real estate 2442 39 Total admitted assets 9268924 08 VLiabilities Iioss losses adjusted and unpaid not yet due 59203 92 146 ComptrollerGenerals Report 2 Gross claims for losses in process of ad justment or in suspense phis 30 40821 reserve for losses incurred prior to December 31 of which no notice had been received on that date i 53552 88 3 Gross claims for losses resisted 90491 89 4 Total 903248 69 5 Deduct reinsurance due or accrued 416008 91 6 Net amount of unpaid losses and claims 487239 78 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 2193 10627 unearned premiums fifty per cent 1096583 13 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 404670612 un earned premiums pro rata 2115929 99 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired time and automobile risks 113955142 unearned premiums fifty per cent 56977 70 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 30664 91 1 1 Total unearned premiums as computed above 3812953 3 18 Salaries rents expenses bills accounts fees etc due or accrued 5000 00 L9 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 112000 00 20 Commissions brokerage and other charges due or to be come due to agents and brokers 187000 00 4 TCarned quarterly dividend to Dec 31 1912 not yet declared 60000 26 Total amount of all liabilities except capital 4664193 51 27 Capita actually paid up En cash 1500000 00 28 Surplus over all liabilities 3114730 r7ComptrollerGenerals Report U 29 Surplus as regards policyholders 4604730 o7 30 Total liabilities 9268924 08 VIBisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last tear statement 674005184 9021854 58 2 Written or renewed during the year 1111289186 8989110 88 4 Total 1785294370 18010965 46 5 Deduct those expired and marked off as ed 1099019670 8720668 52 terminated 6 In force at the end of the year 686274700 9290296 94 7 Deduct reinsurance schedule required 110206255 1880208 22 i s 576 068 445 7410088 72 8 Net amount in force 0DOT0 Business in the State of Georgia During the Year 10411156 00 28 Gross risks written Less 164888400 risks cancelled and 120597200 re insurance in companies authorized in Georgia 285483b Net risks written 99 Gross premiums on risks written Less 2552890 return premiums and 2025102 prem iums for reinsurance in companies authorized in Ga 7576300 00 149648 96 45779 92 103869 04 Net premiums received 93 806 26 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized 111 Georgia 21447 52 Net losses paid 31 Losses incurred 7 Less losses on risks reinsured in companies authorized in G eorgia 72358 74 7929 22 14518 68 Net losses incurred 64774 54148 ComptrollerGexerals Eeport FIREMANS INSURANCE COMPANY OF NEWARK N J Daniel H Dunham President A H Hassinger Secretary James L Riley 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 5549803 65 4 Extended at 5549803 65 IIIncome 5 Gross premiums 4276908 44 6 Deduct gross amount paid for reinsurance fire 57258424 return premiums fire 68484596 total 1257430 20 7 Total premiums other than perpetual 3019478 24 9 Gross interest on mortgage loans less 16777 accrued interest on mortgages acquired during 1912 11 Gross interest on bonds and dividends on stocks less 52414 accrued interest on bonds acquired during 1912 12 Gross intrest on deposits in trust com panies and banks 16 Gross rents from companys property in cluding 1100000 for companys occu pancy of its own buildings 125645 97 115359 62 920 51 92828 70 17 Total gross interest and rents 23 Checks issued on which payment has been stopped 25 Prom agents balances previously charged off 334754 80 49 74 28 Total income t 3354290 L3 I I 1Disbursements 1 Gross amount paid policyholders for losses including 20966495 occurring in pre vious years 1574271 03 2 Deduct amount received for salvage fire 406777 reinsurance fire 140 54027 total 144608 04ComptrollerGenerals Heport 149 3 Net amount paid polieyholders for losses 1429662 99 4 Expenses of adjustment and settlement of losses 33687 27 5 oinmissions or brokerage 814391 78 Allowances to local agencies for miscellaneous agency expenses 8860 04 7 Salaries 3521991 and expenses 3434034 of special and general agents 69560 25 8 Salaries fees and all other charges of officers directors trustees and home office employees 115271 52 9 Rents including 1100000 for companys occupancy of its own buildings 19555 04 10 Advertising 428552 printing and stationery 18 22928 total 22514 80 1 I Postage telegrams telephone and express 17988 71 1 2 Legal expenses 1558 90 13 Furniture and fixtures 3031 63 14 Maps including corrections 9675 38 15 Underwriters Boards and Tariff Associations 30601 01 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17773 51 17 Inspections and surveys 4260 83 18 Repairs and expenses other than taxes on real estate 35512 66 19 Taxes on real estate 21226 00 20 Insurance department licenses and fees 20264 78 21 State taxes on premiums 49257 02 22 All other licenses fees and taxes Federal corporation tax 81662 personal city tax 100980 legal taxes taxes on investments 223360 auditors fees 2 01495 total 0074 97 34 Paid stockholders for interest or dividends amount de clared during the year 200000 00 38 Agents balances charged off 344 80 40 Gross decrease by adjustment in book value of ledger assets viz Premiums on stocks and bonds purchased during the year 56764 43 41 Total disbursements 2982838 38 IVLedger Assets 1 Book value of real estate 1036526 26 2 Mortgage loans on real estate 2626150 00 4 Book value of bonds 111177333 and stocks 65705000 total 768823 33 5 Cash in companys office 7615 80 7 Deposits in trust companies and banks on interest 54212 70150 ComptrollerGenerals Report 8 Agents balances representing business written subsequent to Oct 1 1912 424348 92 9 Agents balances representing business written prior to Oct 1 1912 3578 39 5921255 40 16 Total ledger assets v NonLedger Assets 17 Interest due 230928 and accrued 34 68104 on mortgages 36990 32 18 Interest accrued on bonds 13812 07 23 Rents due on companys property or lease 162 52 50964 91 24 Total 26 Market value not including interest in item 18 ot bonds and stocks over book value 8oian 6840357 18 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 19128578 39 u 6836778 79 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid not yet 159047 09 due 2 Gross claims for losses in process of ad justment or in suspense 185566 83 3 Gross claims for losses resisted 20891 02 Total 365503 94 5 Deduct reinsurance due or accrued 74428 40 6 Net amount unpaid losses and claims 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 1470 312 72 unearned premiums fifty per 735156 36 cent r 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpiredComptrollerGeherais Report 151 fire risks running more than one year from date of policy 382543055 un earned premiums pro rata 2046421 83 11 Total unearned premiums as computed above 2781578 19 15 Principal unpaid on scrip or certificates of profits author ized or ordered to be redeemed 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 25 Total amount of all liabilities except capital 3113539 30 27 Capital actually paid up in cash Iltllll Z 28 Surplus over all liabilities UoZ6J 49 o 703 239 49 29 Surplus as regards policyholders 6836778 79 30 Total liabilities VIBisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement mmm 4276908 44 2 Written or renewed during the year dswwj 3 Excess of original premiums over amount received for reinsurance 722718067 9472638 19 4 Total 5 Deduct those expired and marked off as terminated 579 960 427 6023098 55 6 In force at the end of the year VJJJJ 2g 7 Deduct reinsurance schedule required 62o90o88 517369839 5295743 29 8 Net amount m force Business in the State of Georgia During the Year 2022218 00 28 Gross risks written 481 36 00 Less 48136200 risks cancelled 152 ComptrollerGenerals Report Net risks written 1540856 00 29 Gross premiums on risks written 29 742 12 Less 630125 return premiums 6 30125 Net premiums received 23440 87 Net losses paid 2934 S3 Net losses incurred S52 05 FIRST NATIONAL FIRE INSURANCE COMPANY OF WASHINGTON D C Robert J Wynne President F S Dudley Secretary J H Hilsman Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 320000 00 4 Extended at 320000 00 IIIncome 5 Gross premiums 7513 41 6 Deduct gross amount paid for return prem iums fire 254 53 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 37890 accrued interest on mortgages acquired during 1912 740 64 11 Gross interest on bonds and dividends on stocks 250 06 12 Gross intrest on deposits in trust com panies and banks 222 26 17 Total gross interest and rents IS From other sources Premium on stock 19 Exchange 2d Commission on investments 21 Capital and Surplus full paid not transferred to regular account capital 67500 surplus 67500 total 22 Partial subscriptions lo capital and surplus capital 167 61250 surplus 16761250 total 23 Interest on subscriptions 7258 88 320000 00 3 90 555 00 1350 on 335225 0O 1 51ComptrollerGexerals Report 153 27 Gross increase by adjustment in book value of ledger assets viz Real estate to bring same to apprasal value 210940 75 To provide for accrued interest and taxes for which disbursements have been made on liability maintained 10955 80 28 Total income IIIDisbursements 5 Commissions or brokerage 8 Salaries fees and all other charges of officers directors trustees and home office employees 10 Advertising 11 Postage telegrams telephone and express 13 Furniture and fixtures 21 Insurance department licenses and fees 23 Other disbursements Supplies 25 Taxes and interest southern building 25 Interest on borrowed money 26 Discounts 27 Commission and expenses stock selling com 3990000 exp 4970000 total 28 Commission and expenses partial subs to stock com 7399126 exp 5963287 total 29 Taxes on capital 30 Expense investigation 31 Miscellaneous 32 Accrued interest on bonds purchased 41 Total disbursements 887503 74 2720 53 4149 40 2 Hi 1 10 150 00 218 00 490 85 8277 78 1722 22 9 08 89600 00 133624 13 28 00 4854 80 565 54 754 79 247168 22 IVLedger Assets 11 Book value of real estate equity 350 00000 less balance due on purchase price 481845 total 34518155 4 Book value of bonds 301838 25 2 Mortgage loans on real estate 143850 00 6 Deposits in trust companies and banks not on interest 3o000 00 7 Deposits in trust companies and banks on interest 124740 54 8 Agents balances representing business written subsequent to Oct 1 1912 4538 35 2 Trust fund 1255 47154 im ptbollekGeneeals Report 14 Duo from Tuttle Wightman and Dudley acct overdxawal of expenses 15 Protested checks in course of adjustment 3806 36 125 00 16 Total ledger assets 960335 52 NonLedger Assets 17 Interest accrued on mortgages 18 Interest accrued on bonds 23 Rents due net less disbursements on acct building 2936 15 2038 61 8379 19 24 Total 27 Interest in assets of Southern Bldg Corporation 30 Gross assets Deduct Assets Not Admitted 38 Book value of ledger assets over market value viz Bonds 39 Overdraft Tuttle Wightman and Dudley Inc 40 Protested checks in course of adjustment 988 25 3806 36 125 00 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 162 HI 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance veceiv ed and receivable upon all uncxpired fire risks running one year or less from aate of policy including interest prem iums on perpetual fire riBks 607576 unearned premiums pro rata I 8 Gross premiums less reinsurance recen 1 and receivable upon all uncxpired Bre risks running more than one year from date of policy 118312 unearned premiums pro rata 717 05 1162 20 13353 95 606 84 974296 31 4919 lil 969376 70 162 50 11 Total unearned premiums as computed above 16 Interest due or accrued 690925 4729 17ComptrollerGenerals Report 155 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 145 07 23 All other liabilities viz Accrued taxes on building 3228 63 24 Accrued Bills on building 25 Due minority stock holders Southern Bldg Corp 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 320000 00 27 Not transferred to regular acct 675 00 28 Partial subscriptions to stock 167612 50 28 Surplus over all liabilities 464179 37 29 Surplus as regards policyholders 878 53 16909 83 952406 87 30 Total liabilities 69376 70 VIRisks and Premiums Fire Risks Premiums Thereon 2 Written or renewed during the year 539942 00 7513 41 5 Deduct those expired and marked off as terminated 11050 00 254 53 8 Net amount in force if 528892 00 7258 88 FITCHBURG MUTUAL FIRE INSURANCE COMPANY OF FITCHBURG MASSACHUSETTS Lincoln R Welch President Chester A Clegg Secretary P Wade Vaughan Attorney for Service in Georgia ICapital Stock 2 Amount of lodger assets as per balance December 31 of previous year 244791 48 4 Extended at 244791 48 IIIncome 5 Gross premiums 195534 10 6 Deduct gross amount paid for reinsurance fire 809714 return premiums fire 1248106 total 20578 20 7 Total premiums other than perpetual 174955 90m 156 om ptrollerGenerals Report 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 25029 accrued interest on bonds acquired during 1912 12 Gross intrest on deposits in trust com panies and banks 16 Gross rents from companys property in cluding 147500 for companys occu pancy of its own buildings 17 Total gross interest and rents 25 From agents balances previously charged off 874 42 6993 4i 350 14 5578 30 13796 32 sl 07 28 Total income 188837 29 111 Disbursements 1 Gross amount paid policyholders for losses including 5406 occurring in previous years 59698 76 2 Deduct amount received for salvage fire 10723 reinsurance tire 85427 061 50 10 11 12 13 14 15 16 17 IS 19 20 21 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Com missions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 230000 and expenses 180630 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Bents including 1175on for companys occupancy of its own buildings Advertising 113658 printing and stationery 189060 Postage telegrams telephone and express Legal expenses Fu rniture and fixtures Maps including corrections Underwriters Boards and tariff Associations Fire department fire patrol and salvage Corps assess ments fees taxes and expenses Inspectionsc and surveys 1epairs and expenses other than taxes on real estate Taxes on real estate State taxes on premiums 1 nsurance department licenses and fees 58737 26 1046 31 is728 59 166 53 11116 30 1271 76 1475 00 3027 18 1311 az 24 00 980 91 1088 68 439 37 115 35 7655 25 27HO 14 922 71 2160 66 1980 73ComptrollerGenerals Report 157 22 All other licenses fees and taxes Federal corporation tax 112148 23 Other disbursements Notes payable 500000 interest on notes payable 12597 sundry expense 45190 office 4372 total 5621 59 33 Dividends or expiration return of premium 41421 39 38 Agents balances charged off 78 55 41 Total disbursements 167622 11 IVLedger Assets 1 Book value of real estate 60000 00 2 Mortgage loans on real estate first liens 7480 00 4 Book value of bonds 10679785 and stocks 6636549 172163 34 5 Cash in companys office 97 40 7 Deposits in trust companies and banks on interest 11115 09 8 Agents balances representing business written subsequent to Oct 1 1912 15248 23 16 Total lerger assets 266006 66 NonLedger Assets 17 Interest accrued on mortgages 115 83 18 Interest accrued on bonds 1297 61 23 Bents due 536 00 24 Tota I i 949 44 26 Market value not including interest in item 18 of bonds and stocks over book value 6476 66 30 Cfross assets 274432 76 VLiabilities 1 Gross losses adjusted and unpaid not yet due 1199 19 2 Gross claims for losses in process of ad justment or in suspense 5300 75 3 Gross claims for losses resisted 1500 00 4 Total 7999 94 5 Deduct reinsurance due or accrued 49 37 6 Net amount of unpaid losses and claims 7950 57158 ComptrollerGeneral s Report 35683 38 119052 59 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 8 Gross premiums lessreinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 239727 10 un earned premiums pro rata 11 Total unearned premiums as computed above 74735 9 17 Dividends declared and unpaid to policy holders 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 569 15 21 Reinsurance premiums 26 Total amount of all liabilities except capital 187980 14 28 Surplus over all liabilities J 274432 76 2642 07 429 66 30 Total Liabilities VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last 195534 10 years statement 2 Written or renewed during the year 13561AJA m 4 Total Deduct those expired and marked off as terminated 38781040 00 536171 05 11861886 00 171949 24 In force at the end of tl year 26919154 00 364221 81 schedule required 1109890 00 1312 95 25809264 00 351093 7 Deduct reinsurance sc 8 Net amount in force Business in the State of Georgia During tin Year 28 Gross risks written Less 960000 risks cancelled 98300 00 9600 00 Net risks written 88700 00ComptrollebGtenebal s Repoet 159 29 Gross premiums on risks written Less 30000 return premiums Net premiums received Net losses paid Net losses incurred 2771 17 300 30 2470 87 415 00 415 00 THE FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA PENNSYLVANIA Alfred E Duncan President Edgar P Luce Secretary 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 3399288 48 4 Extended at 3399288 48 ITIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 19369756 return premiums fire 30076237 tola 1879343 99 494459 93 7 Total premiums other than perpetual 1384884 06 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 79112 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 16 Gross rents from companys property in cluding 600000 for companys occu pancy of its own buildings 11081 56 2231 19 73 33 109539 96 1548 85 8174 00 17 Total gross interest and rents 18 From other sources Transfers 121567 33 693 00160 ComptrollekGenerals Report 26 Gross profit on sale or maturity of ledger assets viz Bonds 1152 28 28 Total income 1519378 23 IIIDisbursements 1 Gross amount paid policyholders for losses including 3277397 occurring in pre vious years 959629 54 2 Deduct amount received for salvage fire 325038 reinsurance fire 8482177 88072 15 3 Net amount paid polieyholders for losses 871557 39 4 Expenses of adjustment and settlement of losses 16498 68 5 Commissions or brokerage 291143 12 6 Allowances to local agencies for miscellaneous agency expenses 4906 57 7 Salaries 3477600 and expenses 3717819 of special and general agents 71954 19 S Salaries fees and all other charges of officers directors trustees and home office employees 78156 S8 9 Bents including 600000 for companys occupancy of its own buildings 9793 05 10 Advertising 590079 printing and stationery 765784 13558 63 11 Postage telegrams telephone and express 11293 22 12 Legal expenses 344 30 13 Furniture and fixtures 530 90 14 Maps including corrections 6706 22 15 Underwriters Boards and Tariff Associations 19557 92 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 2658 08 17 Inspections and surveys 5850 77 18 Bepairs and expenses other than taxes or real estate 975 37 19 Taxes on real setate 1937 93 20 State taxes on premiums 30893 61 21 Insurance department licenses and fees 13493 77 22 All other licenses fees and taxes Federal corporation tax 1356 47 Penna state tax on capita stock 3256 80 23 Other disbursements Incidentals board fees gas elec tricity etc 4827 37 33 Deposit premiums returned 34429 44 34 Paid stockholders for interest or dividends amount de clared during the year 6000000 59997 00 38 Agents balances charged off 163 76 ComptrollerGenerals Eeport 161 39 Gross loss on sale or maturity of ledger assets viz Bonds 2479 67 41 Total disbursements 1558321 41 IVLedger Assets 1 Book value of real estate 146444 53 2 Mortgage loans on real estate 36535 00 4 Book value of bonds 274657361 and stocks 723400 2753807 61 5 Cash in companys office 1824 07 7 Deposits in trust companies and banks on interest 122873 89 8 Agents balances representing business written subsequent to October 1 1912 293649 54 9 Agents balances representing business written prior to Oct 1 1912 5210 66 16 Total ledger assets 3360345 30 NonLedger Assets 17 Interest accrued on mortgages 548 02 18 Interest accrued on bonds 35609 88 24 Total 36157 90 25 Market value of real1 estate over book value 16555 47 30 Gross assets 3413058 67 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 5210 66 38 Book value of ledger assets over market value viz Bonds 45032 61 41 Total admitted assets 33628 L5 40 VLiabilities 1 Gross losses adjusted and unpaid 33535 15 2 Gross claims for losses in process of ad justment or in suspense plus 589564 reserve for losses incurred prior to162 ComptrollerGenerals Report December 31 of which no notice had been received on that date 141734 82 3 Gross claims for losses resisted 9 414 81 Total 184684 78 5 Deduct reinsurance due or accrued 29815 85 6 Net amount of unpaid losses and claims 154 868 93 7 Gross premiums loss 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 970 05669 unearned premiums fifty per eent 485028 34 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 148507922 un earned premiums pro rata 809 669 59 11 Total unearned premiums ns computed above 1294 697 93 12 Amount reclaimable by the insured on perpetual fire insurance policies being 95 per cent 20189244 90 per cent 48929989 of the premium or deposit re ceived 691192 33 17 Dividends declared and unpaid to stockholders 6 00 18 Salaries rents expenses bills accounts fees etc due or accrued 1 o q0 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 09 740 03 20 Commissions brokerage and other charges due or to be come due to agents and brokers 30 0HH 66 21 Return premiums 1585930 reinsurance premiums 12 01748 total 27 876 78 26 Total amount of all liabilities except capital 2220962 66 27 Capita actually paid up in cash 500000 00 28 Surplus over all liabilities 641852 74 29 Surplus as regards policyholders 1141 852 74 30 Total liabilities 3362815 4028 20 30 ComptrollerGenerals Report 163 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 240573109 2448443 31 Written or renewed during the year 174168106 1879343 99 Total 414741215 4327787 30 Deduct those expired and marked off as terminated 169187167 1659055 43 In force at the end of the year 245554048 2668731 87 Deduct amount reinsured schedule re quired 18479760 213595 96 Net amount in force 227074288 2455435 91 Business in the State of Georgia During the Year Gross risks written 1468431 00 Less 22233900 risks cancelled and 9811250 reinsur ance in companies authorized in Georgia 320411 50 Net risks written 1147979 50 Gross premiums on risks written 22848 5 I Less 320050 return premiums and 416161 premiums for reinsurance in companies authorized in Georgia 4362 11 Net premiums received 18486 43 Losses paid deducting salvage 6529 94 Less losses on risks reinsured in companies authorized in Georgia 1314 53 Net losses paid 5215 41 Losses incurred 6068 71 Less losses on risks reinsured in companies authorized in Georgia 1024 23 Net losses incurred 5044 48164 ComptrollerGenerals Eeport GERMAN ALLIANCE FIRE INSURANCE COMPANY OF NEW YORK William N Kremer President Charles G Smith Secretary S Y Tupper Jr 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 December 31 of previous year 1849840 95 4 Extended at 1849840 95 IIIncome 5 Gross premiums 3321584 52 6 Deduct gross amount paid for reinsurance tire 211072081 return premiums fire 59754447 total 2708265 28 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 28111 accrued interest on bonds acquired during 1912 12 Gross intrest on deposits in trust com panies and banks 13 Gross interest from all other sources On subscription payment for stocks 2141 00 73263 5 495 49 212 00 17 Total gross interest and rents 28 Total income I 1 1Disbursements 1 Gross amount paid policyholders for losses including 23659315 occurring in pre vious years 1575141 14 2 Deduct amount received for salvage fire 2969623 reinsurance fire 1188 66381 discount fire 39149 total 391 49 3 Net amounl Said policyholders for losses t Expenses of adjustment and settlement of losses 5 Commissions or brokerage 613319 24 76020 02 689339 26 356389 61 5852 58 165981 91ComptrollerGenerals Report 165 8 Salaries fees and all other charges of officers directors trustees and home office employees 11 Postage telegrams telephone and express 16 Pire department fire patrol and salvage corps assess ments fees taxes and expenses 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax Municipal 157963 county 7088 total 23 Other disbursements Miscellaneous office expenses 34 Paid stockholders for interest or dividends amount de clared during the year 39 Gross loss on sale or maturity of ledger assets viz Stocks 2700 00 441 40 3226 02 10171 40 2250 62 41 Total disbursements 839 28 1650 51 280 50 60000 00 200 00 609983 83 IVLedger Assets Mortgage loans or real estate 55000 00 Book value of bonds 69354686 and stocks 100641638 total 1699963 24 Cash in companys office 280 00 Deposits in trust companies and banks on interest 21615 28 Agents balances representing business written subsequent to Oct 1 1912 152337 86 Total ledger assets NonLedger Assets 1 7 756 25 18 7388 50 Total M 8144 75 30 1937341 13 Deduct Assets Not Admitted 38 Book value of ledger assets over market value viz Bonds 6418686 Stocks 660238 total 70789 24 41 Total admitted assets 1866551 89166 ComptbollebGenkkals Report VLiabilities 1 Gross losses adjusted and unpaid 44 623 19 2 Gross claims for losses in process of ad justment or in suspense plus 1500000 reserve for losses incurred prior to Dee 31 of which no notice had been received on that date 256797 00 3 Gross claims for losses resisted 35 168 00 Total 336588 19 5 Deduct reinsurance due or accrued 234 344 00 6 Net amount of unpaid tosses and claims 102244 19 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 423 78743 unearned premiums fifty per ceilt 211893 71 S Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 46111174 un earntd premiums pro rata 254180 43 11 Total unearned premiums as computed above 466174 U 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement j0 000 20 Commissions brokerage and other charges due or to be come due to agents and brokers 45 970 00 26 Total amount of all liabilities except capital 624288 33 27 Capital actually paid up in cash 400000 00 28 Surpus over all liabilities 842 263 56 29 Surplus as regards policyholders 1 242 263 56 30 Total liabilities 186656 89 VIRisks and Premiums 1 T11 force on the 31 day of December as per line 5 under this heading in last Fire Risks Premiums ThereonComptbollebGtEneeals Report 167 years statement 448748831 4161115 40 2 Written or renewed luring the year 318117512 3321584 52 4 Total 766866343 7482699 92 5 Deduct those expired and marked off as terminated 327335490 3020079 46 6 In force at the end of the year 439530853 4462020 46 7 Deduct reinsurance schedule rtquired 351449102 3577121 29 8 Net amount in force 88081751 884899 17 Business in the State of Georgia During the Year 28 Cross risks written 2498394 00 Less 43690700 risks cancelled 436907 00 Net risks written 2061487 00 29 Gross premiums on risks written 39123 83 Less return premiums 5009 52 Net premiums received 34114 31 Net losses paid 23079 56 Net losses incurred 21869 20 GERMAN AMERICAN FIRE INSURANCE COMPANY OF NEW YORK William N Kremer President Charles G Smith Secretary S Y Tupper 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 year 20794977 69 4 Extended at 20794977 89 IIIncome 5 Gross premiums 14096453 94 6 Deduct gross amount paid for reinsurance fire 306610782 return premiums fire 25601 6644 total 5626274 26168 ComptrollerGenerals Report 7 Total premiums other than perpetual 8470179 68 9 Gross interest on mortgage loans 10189 81 11 Gross interest on bonds and dividends on stocks less 545379 accrued interest ou bonds acquired during 1912 758490 12 12 Gross interest on deposits in trust com panies and banks 10483 15 13 Gross interest from all other sources On subscription payments for bonds and stocks 11100 dividend on Eastman Kodak Co stock disposed of Dec 1911 66750 total 778 50 11 On deferred payment of agents balances 14805 prepayment of taxes 16529 prepayment of accounts to Cologne Reinsurance Co 318966 total 3503 00 15 On Philadelphia Underwriters Associa tion deposit 9 45 ICi Iross rents from companys property in cluding 5574375 for companys occu pancy of its own buildings 228851 03 17 Total gross interest and rents 1012305 06 19 Premiums collected on business placed with other com panies 6790 58 20 Loan 1500000 00 21 Settlement of fire loss on companys office building ai Rochester N Y 3 761 71 25 From agents balances previously charged off 1849 70 26 Gross profit on sale or maturity of ledger assets viz Bonds 16483 21 Stocks 207478 68 28 Total income 11218848 62 IIIDisbursements 1 Gross amount paid policyholders for losses including 111534280 occurring in previous years 6514136 93 2 Deduct amount received for salvage fire 8494443 reinsurance fire 1715 11686 Discount fire 159011 total 1837651 40 3 Net amount paid policyholders for losses 4076485 53 4 Expenses of adjustment and settlement of losses 115066 57 5 Commissions or brokerage 1 560933 77ComptrollerGenerals Report 169 6 Allowances to local agencies for miscellaneous agency expenses 1401 13 7 Salaries 360529 and expenses 13583094 of special and general agents 496360 14 8 Salaries fees and all other chajges of officers directors trustees and home office employees 316704 15 9 Rents including 5574375 for eompanys occupancy of its own buildings 77475 34 10 Advertising 2142051 printing and stationery 65 14091 total 86651 42 11 Postage telegrams telephone and express 70161 20 12 Legal expenses 7857 95 13 Furniture and fixtures 15063 22 14 Maps including corrections 23632 08 15 Underwriters Boards and Tariff Associations 101937 20 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 45999 18 17 Inspections and surveys 66639 37 18 Repairs and expenses other than taxes on real estate 90292 71 19 Taxes on real estate 31551 46 20 State taxes on premiums 138429 93 21 Insurance department licenses and fees 36571 17 22 All other licenses fees and taxes Federal corporation tax 8592 45 Municipal 2252289 county 101055 total 23533 44 23 Other disbursements Loan 1500000 00 25 Interest S4fi 27 26 Mercantile agency reports special reports and reference books 10067 79 27 Premiums on business placed with other companies 7875 47 28 Settlement of fire losses on companys office building at Rochester N T 3761 71 29 Miscellaneous office expenses 3847 16 34 Paid stockholders for interest or dividends amount de clared during the year 600000 00 38 Agents balances charged off 802 71 39 Gross loss on sale or maturity of ledger assets viz Bonds 4720 00 Stocks 2751 90 41 Total disbursements 10133422 42 TVLedger Assets 1 Book value of real estate 2675166 73 2 Mortgage loans on real estate 108800 00 4 Book value of bonds 921642601 and stocks 749043423 16706860 24170 COMFTROtiLERGtelSrEBAIiS EePORT 5 Cash in companys office 1257 14 6 Deposits in trust companies and banks not on interest 129490 53 7 Deposits in trust companies and banks on interest 455617 88 8 Agents balances representing business written subsequent to Oct 1 1912 1756171 81 9 Agents balances representing business written prior to Oct 1 1912 32039 56 13 Furniture fixtures and safes 15000 00 16 Total ledger assets 21880403 89 NonLedger Assets 17 Interest accrued on mortgages 2505 00 18 Interest accrued on bonds 133986 16 20 Interest accrued on other assets 2760 98 23 rents due 3384 85 24 Total 142636 99 Deduct Assets Not Admitted 33 Furniture fixtures and safes 15000 00 34 Agents balances representing business written prior to Oct 1 1912 32039 56 38 Book value of ledger assets over market value viz Bonds 51942201 stocks 1298723 total 132409 24 40 Real estate 205166 73 II Total admitted assets 21238425 35 VLiabilities 1 Gross losses adjusted and unpaid 112855 00 2 Iross claims for losses in process of ad justment or in suspense plus 4500000 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 1037707 00 3 dross claims for losses resisted 101986 00 I Total 1252548 00 5 Deduct reinsurance due or accrued 432023 52 6 Nel amount of unpaid losses and claims 820524 28ComptrollerGenerals Report 171 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 5113 34281 unearned premiums fifty per eent 2556671 40 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 1143046234 un earnedpremiums pro rata 5887507 06 11 Total unearned premiums as compared above 8444179 06 18 Salaries rents expenses bills accounts fees etc due or accrued 22858 59 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this istatement 140 qqq qo 20 Commissions brokerage and other charges due or to be come due to agents and brokers 41 447 08 21 Return premiums 464008 reinsurance premiums 168 79830 total 173 438 38 23 All other liabilities viz Rents paid in advance 789 08 24 Premiums due or to become due on business planned with other companies d 790 5 25 Real estate taxes accrued 12 000 00 26 Total amount of all liabilities except capital 9662027 17 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 9576398 18 29 Surplus as regards policyholders 11 576 393 g 30 Total liabilities 21238425 35 VIRisks and Premiums Fire Risks Premiums Thereon 1 Tn force on the 31 day of December as per line 5 under this heading in last years statement 2064953845 19800996 23 2 Written or renewed during the year 1419993059 14096453 94 3 Excess of original premiums over amount received for reinsurance 157 147 74 4 Tntal 3484946904 34064597 91172 CoMPTROLLEHG EN KRAL s REPORT 5 Deduct those expired and marked off as terminated 1338242021 13398866 87 6 In force at the end of the year 2146704883 20665731 04 7 Deduct reinsurance schedule required 450926342 4121925 89 8 Net amount in force 1695778541 16543805 15 Business in the State of Georgia During the Year 28 Gross risks written 11462282 00 Less 193052400 risks cancelled and 12242100 re insurance in companies authorized in Georgia 2052945 00 Net risks written 9409337 00 29 Gross premiums on risks written 177401 00 Less 2606184 return premiums and 223633 premiums for reinsurance in companies authorized in Georgia 28298 17 Net premiums received 149102 83 30 Losses paid deducting salvage 91126 98 Less losses on risks reinsured in companies authorized in Georgia 1956 34 Net losses paid 89170 64 31 Losses incurred 85813 85 Less losses on risks reinsured in companies authorized in Georgia 410 07 Net losses incurred 1223 92 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y Hugo Schumann President Gustav Kehr Secretary Home Office 62 William Sroot New Vork N Y Samuel C Williams Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 6999103 02 4 Extended at 6999103 02ComptrollerGeneral s Report IIIncome 5 Gross premiums 3942524 17 fire 53776891 return premiums fire 351143 total 1031280 34 173 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 117501 accrued interest on bonds acquired during 1912 12 Gross intrest on deposits in trust com panies and banks 14 From branch office balances 15 From prepayment of real estate taxes 16 Gross rents from companys property in cluding 2500000 for companys occu pancy of its own buildings 23135 28 224406 54 8540 93 181 95 123 57 48485 00 2911243 83 17 Total gross interest and rents IS From other sources Conscience money received 25 Agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz stocks 304873 27 2300 00 700 00 125724 59 28 Total income 3344841 69 IIIDisbursements 1 Gross amount paid policyholders for losses including 19875553 occurring in pre vious years 1628325 29 2 Deduct amount received for salvage fire 801046 reinsurance 29936582 discount fire 124591 total 308622 19 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 7934986 and expenses 4737680 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office eployes 9 Rents including 2500000 for companys occupancy of its own buildings 1319703 10 74546 S7 630248 03 94094 92 126726 66 144045 36 31396 08174 ComptrollerGenerals Report 10 11 12 13 14 15 16 17 18 19 20 21 22 23 34 38 39 40 Advertising 477702 printing and stationery 14 34435 total Postage telegrams telephone and express Legal expenses Furniture and lxtures 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 Federal corporation tax 374185 municipal and county licenses and taxes 1055010 fire marshals taxes 406078 total Other disbursements Appraisal of mortgaged property and other expenses in connection with investments 50914 exchange 339092 subscriptions 102102 charity 18275 insurance premiums and surety bonds 90903 spring water ice towels cleaning rugs 104345 mercantile agencies 267750 auditing 1 80000 miscellaneous 6747 total Paid stockholders for interest or dividends amount de clared during the year Agents balances charged off Gross loss on sale or maturity of ledger assets viz Bonds 233650 stocks 55083 total Gross decrease by adjustment in book value of ledger assets viz Real estate 19121 37 21343 63 1422 50 3937 67 9901 58 655 92 23488 70 38980 06 16172 29 12261 00 54438 22 16456 23 18352 73 11601 28 200000 00 6233 U 2887 33 3966 10 41 Total disbursements 2887910 77 IVLedger Assets 1 Book value of real estate 750000 00 2 Mortgage loans on real estate first liens 130000 00 t Hook value of bonds 256232540 and stocks 268672462 total 5249050 02 5 Cash in companys office 7431 92 0 Deposits in trust companies and banks not on interest 32040 42 7 Deposits in trust companies and banks on interest 483207 65 S Agents balances representing business written subsequent to October 1 1912 497699 15ComptrollerGenerals Report 175 9 Agents balances representing business written prior to October 11912 6604 78 16 Total ledger assets 7456033 94 NonLedger Assets 17 Interest accrued on mortgages 5905 00 18 Interest accrued on bonds 33427 34 23 Rents due 6500 and accrued 16666 on companys property or lease 231 66 24 Total 39564 00 30 Gross assets 7495597 94 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 6604 78 38 Book value of ledger assets over market value vis 269202 02 39 Cash in hands of branch office managers 6028 87 281835 67 41 Total admitted assets 7213762 27 VLiabilities 1 Gross losses adjusted and unpaid 113326 92 2 Gross claims for losses in process of ad justment or in suspense plus 243284 reserve for losses incurred prior to Lee 31 of which no notice had been receiv ed on that date 87202 06 3 Gross claims for losses resisted 37457 38 4 Total 237986 36 5 Deduct reinsurance due or accrued 55513 23 6 Net amount of unpaid losses and claims 182473 13 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 1441 93958 unearned premiums fifty per cent 720969 79176 ComptrollerGenerals Report 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 500316039 un earned premiums pro rata 2579334 53 11 Total unearned premiums as computed above 3300304 32 18 Salaries rents expenses bills accounts fees etc due or accrued 26063 92 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 50000 00 20 Commissions brokerage and other charges due or to be come due to agents and brokers 6606 20 21 Return premiums 74347 reinsurance premiums 33 75635 total 34499 82 26 Total amount of all liabilities except capital 359994739 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 2613814 88 29 Surplus as regards policyholders 3613814 88 30 Total liabilities 7213762 27 VIEisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last year s statement 740920103 7140534 72 2 Written or renewed during the yeai 397542317 3942524 17 4 Total 1138462420 11083058 89 5 Deduct those expired and marked off as terminated 377643689 3816066 38 6 Ini one at Hie end of the year 760818731 7266992 51 7 Deduct amount reinsured schedule re quired 74936958 821892 54 8 Net amount in force 685881773 6445099 97 Business in the State of Georgia During the Year 28 Gross risks written 5700512 00 Less 99817800 risks canceled and 5345000 reinsur ance in companies authorized in Georgia 1051628 00ComptrollerGenerals Keport 177 N et risks written 4648884 00 29 Gross premiums on risks written 83710 62 Less 1146405 return premiums and 54218 premiums for reinsurance in companies authorized in Georgia 12006 23 Net premiums received 71704 39 30 Losses paid deducting salvage 30589 73 Less losses on risks reinsured in companies authorized in Georgia 7 60 Net losses paid 30582 13 31 Losses incurred 27498 51 Less losses on risks reinsured in companies authorized in Georgia 7 60 Net losses incurred 27490 91 GEORGIA FIEE INSURANCE COMPANY OF POLK COUNTY Wm J Harris President 0 M Ramspeck Secretary Home Office Polk County Georgia Branch Office 722 Candler Bldg Atlanta 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 293708 40 4 Extended at 293708 40 IIIncome 5 Gross premiums 263464 66 6 Deduct gross amount paid for reinsurance fire 7293713 return premiums fire 3606479 total 109001 92 7 Total premiums other than perpetual 9 Gxoss interest on mortgage loans 11 Gross interest on bonds and dividends on stocks 12 Gross intrest on deposits in trust com panies and banks 154462 74 6612 64 2421 20 1393 26178 OilPTEOLLEBGENEBALs EepOET 13 Gross interest from all other sources Bills receivable 16 Gross rents from companys property 231 30 1148 00 17 Total Gross interest and rents 18 From other sources Com on reins 27 Gross increase by adjustment in book value of ledger Stocks 28 Total income IIIDisbursements 1 Gross amount paid policyholders for losses including 763656 occurring in pre vious years 2 Deduct amount received for salvage fire 2054 reinsurance fire 4775795 117220 87 47778 49 9 10 11 12 13 14 18 20 21 oo 2 34 38 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 368000 and expenses 444422 of special and general agents Salaries fees and all other charges of officers directors tustees and home office employees Rents Advertising 33839 printing and stationery 90175 Postage telegTams telephone and express Legal expenses Furniture and fixtures Maps including corrections Repairs and expenses other than taxes on real estate State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Fire inspections tax 22012 municipal licenses 808579 total Other disbursements exchange 32523 miscel expense 121378 discounts on B P 81821 total Paid stockholders for interest or dividends amount de clared during the year 1500000 Agents balances charged off 41 Total disbursements VLedger Assets 1 Hook a I ne of real estate 12 000 00 Mortgage loans on real estate 112 073 In 11806 40 22670 36 4975 19 193914 69 69442 38 1284 43 53018 21 8124 22 19791 73 1391 81 1240 14 1267 21 16 67 240 50 814 70 263 09 666 35 1674 89 3285 91 2357 22 1 1722 50 178 67 179780 iComptroijekOkxekals Report 179 3 Loans secured by pledge of bonds stocks or other collateral 4680 60 4 Book value of bonds and stocks 45560 69 5 ash in companys office 6158 48 6 Deposits in trust companies and banks not on interest 25167 96 7 Deposits in trust companies and banks on interest 26349 19 8 Agents balances representing business written prior to October 1 1912 52718 83 9 Agents balances representing business written prior to October 1 1912 1272 42 11 Bills receivable taken for fire risks 12576 52 12 Other ledger assets viz Sou Assn Fire Jos 228 68 13 Due from Beins Co 8971 58 14 Due from specials 84 11 16 Total ledger assets 307842 46 NonLedger Assets 17 Interest due 282432 and accrued 1 74682 on mortgages 4571 14 20 Interest due on other assets Fire certif 1313 83 22 Bills recv accrued int 547 86 23 Bents due on companys property or lease 120 50 24 Total 6553 33 26 Market value not including interest in item 18 of bonds and stocks over book value 3207 31 30 Gross assets 317603 10 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 1272 42 1272 42 41 Total admitted assets 316330 68 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 16959 12 3 Gross claims for losses resisted 1000 00180 ComptrollerGenerals Report 4 Total 5 Deduct reinsurance accrued 17959 12 5128 60 6 Net amount of unpaid losses and claims 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 9036085 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 12048638 un earned premiums pro rata 45180 43 83754 51 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 100000 00 28 Surplus over all liabilities 72692 69 20 Surplus as regards policyholders 12830 52 11 Total unearned premiums as computed above 128934 94 17 Dividends declared and unpaid to stockholders 277 50 18 Salaries rents expenses bills accounts fees etc due or accrued 345 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1250 03 143637 99 172692 69 30 Total liabilities 316330 68 VI Risks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last year s statement Written or renewed during the year 13318255 273561 10 12824941 Li464 66 4 Total 5 Deduct those expired and marked off as terminated 26143196 537025 76 8943173 191581 76 i In nine at the end of the year 17200023 345444 00 7 Deduct amount reinsured schedule re quired 5823870 134596 77 8 Net amount in force 11376153 210847ComptrollerGeneral s Report 181 Business in the State of Georgia During the Year 28 Goss risks written 13471612 OU Less 130809200 risks cancelled and 391606100 re insurance in companies authorized in Georgia 5224153 00 Net risks written 8247459 00 29 Gross premiums on risks written 224181 73 Less 2228656 return premiums and 7017127 prem iums for reinsurance in Companies authorized in Georgia 92457 83 Net premiums received 131723 90 30 Losses paid deducting salvage 96895 25 Less losses on risks reinsured in companies authorized in Georgia 47175 75 Net losses paid 49719 50 31 Losses incurred 111562 29 Less losses on risks reinsured in companies authorized in Georgia 51971 35 Net losses incurred 59590 94 GEORGIA HOME INSURANCE COMPANY OF COLUMBUS GA Rhodes Browne President Wm C Coart Secretary Home Office 1046 Broad St Columbus Ga ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 1039103 69 4 Extended at 1039103 69 IIIncome 5 Gross premiums 522443 23 6 Deduct gross amount paid for reinsurance fire 12818474 return premiums fire 9400746 total 7 Total premiums other than perpetual 192 211 300251 03182 ComptrollerGeneral s Report 9 Gross interest on mortgage loans 10 Grross interest on collateral loans 11 Goss interest on bonds and dividends on stocks less 76438 accrued interest on bonds acquired during 1912 13 Gross interest from all other sources From loans on personal security en dorsed or not 16 Gross rents from companys property in cluding 210000 for companys occu pancy of its own buildings 6142 70 431 35 103770 35 959 91 5978 54 17 Total gross interest and rents d 26 Gross profit on sale or maturity of ledger assets viz Real estate 250000 bonds 18750 stocks 68000 27 Gross increase by adjustment in book value of ledger assets viz Real estate 1500000 bonds 64500 Stocks 1006600 total 28 Total income 117282 85 3367 50 25741 00 446612 38 IIIDisbursements Gross amount paid policyholders for losses including 6251290 occurring in pre vious yeaTs Deduct amount received for salvage fire 153259 reinsurance fire 9585250 discount fire 6895 total 407036 74 97454 04 9 10 11 12 13 14 15 Net amount paid policyholders for lossesjf Expenses of adjustment and settlement of losses Commissions or Brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 1177500 and expenses 1204135 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including 210000 for companys occupancy of its own buildings Advertising 176016 printing and stationery 2 60987 total Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps including corrections Underwriters Boards and Tariff Associations 309582 70 4739 37 53018 17 6140 75 23816 35 30090 35 3634 83 4370 03 2887 61 2543 44 2 17 1498 76 9699 17ComptrollerGenerals Report 183 18 Eepairs and expenses other than taxes on real estate 229 82 19 Taxes on real estate 1982 75 20 State taxes on premiums 8665 10 21 Insurance Department licenses and fees 3872 14 22 All other licenses fees and taxes Federal corporation tax 3111 personal state county and city taxes 608493 municipal and other taxes and licenses 8 26692 total 14382 96 23 Other disbursements Miscellaneous and officers expenses 711364 borrowed money 12000000 interest on above 311699 total 130230 63 39 Gross loss on sale or maturity of ledger assets viz Real estate 115000 bonds 53560 stocks 1378750 15473 10 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 145000 stocks 9546550 total 96915 50 41 Total disbursements 724381 70 IVLedger Assets 1 Book value of real estate 60000 00 2 Mortgage loans on real estate first liens 52375 00 3 Loans secured by pledge of bonds stocks or other collateral 14370 00 4 Book value of bonds 20000500 and stocks 300880 total 500885 00 5 Cash in companys office 10917 93 6 Deposits in trust companies and banks not on interest 32623 80 8 Agents balances representing business written subsequent to October 1 1912 77982 58 9 Agents balances representing business written prior to October 1 1912 5307 48 12 Other ledger assets viz Loans on personal security endorsed or not 6872 58 16 Total ledger assets 761334 Zi NonLedger Assets 17 Interest due 29050 and accrued 3 18092 on mortgages 3471 42 18 Interest accrued on bonds 1050 00 19 Interest accrued on collateral loans 37 84 24Total l55926 27 Other nonledger assets viz Due from reinsurance cotn ii 9 I 44 panies on losses paid f 775173 07 30 Gross asset s 184 ComptrollerGeneral s Beport Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 5307 48 36 Loans on persona security endorsed or not 6872 58 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 25054 11 2 Gross claims for losses in process of ad justment or in suspense plus 683458 reserve for losses incurred prior to December 31 of which no notice had been received on that date 35746 70 3 Gross claims for losses resisted 7 600 00 4 Total 68400 81 5 Deduct reinsurance due or accrued 16 898 15 6 Net amount of unpaid losses and claims 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 196 36755 unearned premiums fifty per cent 98183 77 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 40857836 un earned premiums pro rata 209093 08 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 23 All other liabilities viz Interest paid in advance on collateral loans 26 Total amount of all liabilities except capital 7 Capital actually paid up in cash 300000 00 28 Surplus over all liabilities 94206 12 12180 06 762993 01 51502 60 307276 85 1000 00 9000 00 7 38 iis78f 89 ComptrollerGenerals Report 185 29 Surplus as regards policyholders 394200 12 30 Total liabilities 762993 01 VI Risks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 107663530 1327238 65 2 Written or renewed during the year 31486069 522443 23 4 Total 139149599 184968188 5 Deduct those expired and marked off as terminated 72418232 868846 36 6 In force at the end of the year 66731367 980835 52 7 Deduct amount reinsured schedule re quired 31781035 375889 61 8 Net amount in force 34950332 604945 91 Business in the State of Georgia During the Year 28 Gross risks written 5902277 00 Less 114871300 risks cancelled 1148703 00 Net risks written 4753574 00 29 Gross premiums on risks written 94687 59 Less 10931 26 return premiums 10931 26 Net premiums received 83756 54 30 Losses paid deducting salvage 89371 54 Less losses on risks reinsured in companies authorized in Georgia 4089 97 Net losses paid 85281 57 31 Losses incurred 84S77 71 Less losses on risks reinsured in companies authorized in Georgia 2107 88 Net losses incurred 82769 83386 ComptrollerGenerals Report GIKAED FIRE AND MAEINE INSUBANCE COMPANY OF PHILADELPHIA PENNSYLVANIA Henry M Gratz President Edward T Thomason Secretary Jno A Whitner Attorney for Service in Georgia TCapital Stock 1 Amount of capita paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 2536885 80 4 Extended at 2536885 SO IIIncome 5 Gross premiums 1339176 96 6 Deduct gross amount paid for reinsurance fire 28956817 return premiums fire 213060 85 total 502629 52 7 Total premiums other than perpetual 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 2688 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 14 Philadelphia Underwriters deposit 15 Bills receivable 16 Gross rents from companys property in cluding 900000 for companys occu pancy of its own buildings 836547 44 8805 30 9766 48 1408 45 80063 07 633 38 6 30 69 89 17333 96 17 Total gross interest and rents 19 Return premiums on perpetual reinsurance policies 27 Gross increase by adjustment in book value of ledger assets viz Bonds 111281 53 220 50 2911 10 28 Total income 959765 87Com ptkolleeGenerats Report 187 IIIDisbursements 1 Gross amount paid jiolicyhoJders for losses including 6925964 occurring in pre vious years 520961 07 2 Deduct amount received for salvage fire 495135 reinsurance fire 10853558 113486 93 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 1234331 and expenses 1075810 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Bents including 900000 for companys occupancy of its own buildings Advertising 105372 printing and stationery 8 35585 total 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 Bepairs 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 Federal corporation tax Licenses city and county Capital stock tax Other disbursements Investment expense Interest on bills payable Auditing books of department offices General agents bond Christmas presents Electricity Notary fees Insurance on furniture and fixtures Incidentals Deposit premiums returned 407474 14 10161 08 218791 43 5156 52 23101 41 62604 10 12561 78 9409 57 2767 46 835 80 658 19 3157 45 8753 75 9479 97 3470 92 4016 43 4053 28 10381 85 8126 95 719 63 2434 97 3957 59 148 50 169 44 100 00 156 25 471 11 321 40 65 25 240 23 604 72 25805 85 188 ComptrollerGenerals Report 34 Paid stockholders for interest or dividends amount de clared during the year 100000 00 38 Agents balances charged off 18 39 39 Gross loss on sale or maturity of ledger assets viz Real estate 1616 19 Stocks 11 50 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 1384 28 41 Total disbursements 943187 38 IVLedger Assets 1 Book value of real estate 211497 2 Mortgage loans on real estate 189700 00 3 Loans secured by pledge of bonds stocks or other collateral 34700 00 4 Book value of bonds 172887136 and stocks 14381680 1872688 16 5 Cash in companys office 7623 58 7 Deposits in trust companies and banks on interest 97877 03 8 Agents balances representing business written subsequent to Oct 1 1912 133718 55 9 Agents balances representing business written prior to Oct 1 1912 1807 19 11 Bills receivable taken for fire risks 3039 96 13 Philadelphia Underwriters deposit 100 00 14 Perpetual policies of insurance on com pany s real estate 712 50 16 Total ledger assets 2553464 29 NonLedger Assets 17 Interest accrued on mortgages 2393 42 18 Interest accrued on bonds 24937 95 19 Interest accrued on collateral loans 511 61 24 Total 27842 98 25 Market value of real estate over book value 55752 68 27 Other nonledger assets viz Unearned portion of prem iums on fire insurance policies covering companys real estate 1076 85 30 Gross assets 2638136 80ComptrollerGenerals Beport 189 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct T 1912 1807 19 38 Book value of ledger assets over market value viz 82424 91 41 Total admitted assets 2553904 70 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 73517 00 3 Gross claims for losses resisted 3800 00 4 Total 77317 00 5 Deduct reinsurance due or accrued 19267 00 6 Net amount of unpaid losses and claims 58050 00 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 442 85209 unearned premiums fifty per cent 221426 04 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 138583701 un earned premiums pro rata 732362 16 11 Total unearned premiums as computed above 953788 20 12 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or deposit received 598814 30 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 3500 00 26 Total amount of all liabilities except capital 1614152 50 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 439752 20 29 Surplus as regards policyholders 939752 20 30 Total liabilities 2553904 70190 ComptrollerGenerals Repokt VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per iine 5 under this heading in last years statement 234954871 2194020 11 Written or renewed during the year 129132589 1339170 9i Lxeess of original premiums over amount received for reinsurance 2 297 21 Total 364087460 3535994 28 Deduct those expired and marked off as terminated 115249973 1236498 63 In force at the end of the year 248837487 2299495 05 Deduct reinsurance schedule required 39637268 470806 55 28 29 Net amount in force 209210219 1828689 10 Business in the State of Georgia During the Yeu 3160731 oo 1702471 00 Gross risks written Less 62115100 risks cancelled and 108132000 re insurance in companies authorized in Georgia Net risks written L45S260 00 Gross premiums on risks written 59451 48 Less 867931 return premiums and 2084958 premiums for reinsurance in companies authorized in Georgia 295218 89 30 31 Net premiums received 29925 59 Losses paid deducting salvage 14 199 57 Less losses on risks reinsured in companies authorized in Georgia I I so 31 Net losses paid Losses incurred Less losses on risks reinsured in companies authorized in Georgia 10013 20 13586 57 579 31 Net losses incurred loiiu 26ComptrollerGenerals Repohj 191 GLENS FALLS FIEE INSURANCE COMPANY OF GLENS FALLS NEW YORK J L Cunningham President E W West Secretary 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 5571203 27 4 Extended at 5571203 27 IIIncome Fire Marine and Inland 5 Gross premiums 2866019 38 87450 00 6 Deduct gross amount paid for reinsurance fire 37803218 marine and inland 607715 return premiums fire 393 13564 marine and in land 1295945 total 771167 82 19036 60 7 Total premiums other than perpetual 209485156 68413 40 9 Gross interest on mortgage loans less 6319 accrued interest on mortgages acquired during 1912 96270 89 11 Goss interest on bonds and dividends on stocks less 75880 accrued interest on bonds acquired during 1912 138948 13 12 Gross intrest on deposits in trust com panies and banks 20345 36 13 Gross interest from all other sources Phila Und Assn 630 Reins Bureau 4866 real estate contracts 18621 241 17 16 Gross rents from companys property in eluding 25000 for companys occu pancy of its own buildings 1160 31 2163264 96 17 Total gross interest and rents 256965 86 26 Gross profit on sale or maturity of ledger assets viz Bonds 125000 stocks 44800 total 1698 00192 omptbollebGtenebaxs Report Gross increase by adjustment in book value of ledger assets viz Bonds 1059375 stocks 1090000 214 7 28 Total income 2 443422 57 illDisbursements Fire 1 Gross amount paid policy holders for losses in eluding 18114900 oc curring in previous years 1349489 53 2 Deduct amount received for salvage fire 696757 marine and inland 37600 reinsurance fire 23517845 marine and inland 71946 dis count fire 92968 total 243075 70 Marine and Inland 17262 32 1095 46 10 11 12 13 14 15 16 17 18 19 20 21 Net amount paid policy holders for losses1106413 83 16166 86 1122580 09 Expenses of adjustment and settlement of losses 43844 27 Commissions or brokerage 453957 06 Allowances to local agencies for miscellaneous agency expenses 990 00 Salaries 10280244 and expenses 4811457 of special and general agents 150917 01 Salaries fees and all other charges of officers directors trustees and home office employees 74397 2S Bents including 25000 for companys occupancy of its own buildings 11189 51 Advertising 516852 printing and stationery 19 53848 total 24707 00 Postage telegrams telephone and express 18540 33 Legal expenses 659 67 Furniture and fixtures 607 89 Maps including corrections 6043 79 Inderwriters Boards and Tariff Associations 24935 97 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 7966 39 Inspections and surveys L2 017 68 Bepairs and expenses other than taxes on real estate 66 31 Ta ves on real estate i 99 131 State taxes on premiums 33 152 10 Insurance department licenses and fees 10955 00CoafPTROLLEKGuNEBALS REPORT 193 34 37 38 40 41 All other licenses fees and taxes Federal corporation tax 362837 local town and county tax 3150 licenses and tax 602987 pub statements 25748 state taxes 19500 tax on mortgages 119855 total Other disbursements Office expenses Glens Falls and Chicago 781460 charged profit and loss on new office bldg 8500000 chgd profit and loss on ad justment Western Dept acct 152620 total Paid stockholders for interest or dividends amount de clared during the year Decrease in liabilities during the year on account of re insurance treaties Agents balances charged off Gross decrease by adjustment in book value of ledger assets viz Bonds 10517 stocks 1918500 total Total disbursements 2346 1 L340 77 94340 80 210000 00 770 13 864 91 29702 00 446 17 IVLedger Assets 1 Book value of real estate 117613 02 2 Mortgage loans on real estate 1922860 00 4 Book value of bonds 229454251 and stocks 37033000 2664872 51 5 Cash in companys office 6065 86 7 Deposits in trust companies and banks on interest 613910 63 8 Agents balances representing business written subsequent to October 1 1912 333837 80 9 Agents balances representing business written prior to Oct 1 1912 8919 85 12 Other ledger assets viz Cash dep with Phila TJnd Assn 100 00 16 Total ledger assets 5668179 67 NonLedger Assets 17 Interest due 673462 and accrued 6 56431 on mortgages 13298 93 18 Interest accrued on bonds 37299 75 19 Interest accrued on collateral loans 1393 53 23 Rents due 196 00 24 Total 52188 21 30 Gross assets 5720367 88194 COMPTfiOLLEKGENEBALs REPORT Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 8 919 85 ah m 8919 85 40 Total admitted assets 57U8 03 VLiabilities 1 Gross losses adjusted and unpaid 37 638 9 2 Gross claims for losses in process of ad justment or in suspense plus 15 52600 reserve for losses incurred prior to December 31 of which no notice had been received on that date 196 380 90 3 Gross claims for losses resisted 26 750 00 4 Total 260769 09 5 Deduct reinsurance due or accrued 53 308 09 6 Net amount of unpaid losses and claims 207 461 00 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of polic including interest prem iums on perpetual fire risks 1031 32042 unearned premiums fifty per cent 515660 21 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 340602539 un earned premiums pro rata 1776373 19 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 6841300 unearned premiums fifty T 34206 70 11 Total unearned premiums as computed above 2326 240 10 17 Dividends declared and unpaid to stockholders 125000 00 18 Salaries rents expenses bills accounts fees etc due r accrued it 2000 00 19 Estimated amount hereafter payable for federal state anI oilier taxes based upon the business of the year of tWs dement 0Q il Return prermums lg gflComptrollerGenerals Report 195 23 All other liabilities viz Reserve for Contingent on mortgage loans 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 500000 00 28 Surplus as regards policyholders 2486705 67 20000 00 2724742 36 2986705 67 29 Surplus as regards policyholders 30 Total liabilities 5711448 03 Business in the State of Georgia During the Year 28 Gross risks written Less 93299400 risks cancelled and 106971500 re insurance in companies authorized in Georgia Net risks written 29 Gross premiums on risks written Less 1134202 return premiums and 2229515 premiums for reinsurance in companies authorized in Georgia 5490064 00 2002709 00 3487355 00 79226 58 33637 17 Net premiums received 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia 45589 41 48302 77 19001 41 Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorizedin Georgia 29301 36 51657 22 19001 41 Net losses incurred 32655 81 GLOBE RUTGERS FIRE INSURANCE COMPANY OF NEW YORK E C Jameson President VV H Paulison Secretary Home Office 111 William Street New York City ICapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous year 6501890 98 4 Extended at 6501890 98396 ComptrollerGenerals Report 5650020 10 1843066 17 IIIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 90439820 return premiums fire 93866797 total 7 Total premiums other than perpetual o S05 q Q Gross interest on mortgage loans W53 3 11 Goss interest on bonds and dividends on stocks less 622231 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 15 Miscellaneous 16 Gross rents from companys property in cluding companys occupancy of its own buildings 254707 90 2430 98 12 till 5542 00 17 Total gross interest and rents 19 Mercantile National Hank in liquidation 26 Gross profit on sale or maturity of ledger assets viz stocks 28 Total income 11 Disbursements Gross amount paid policyholders for losses including 28434485 occurring in pre vious years Deduct amount received for salvage fire 1350676 reinsurance fire 37602186 discount fire 378067 total 2456909 32 393309 29 9 10 11 12 13 14 15 16 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 218601 printing apd stationery jsM 39 Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps including corrections Underwriters Boards and Tariff Associations Fre delartn Patrol and salvage corps assess ments fees taxes and expenses 268758 48 19912 50 8345 20 4103970 11 2063600 03 35705 s 659985 49 120432 00 9742 50 8830 40 5506 68 4660 12 1945 67 3052 91 19162 69 13668 83ComptrollerGeneral s Report 197 17 18 19 20 21 22 23 26 28 30 31 32 34 39 40 41 Inspections and surveys Bepairs 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 Federal corporation tax 270630 franchise tax 1173918 total Other disbursements Premiums on bonds of agents and various states Subscriptions to papers and medcantile agencies Exchange on agents drafts Interest on borrowed money Paid account borrowed money Miscellaneous Paid stockholders for interest or dividends amount de clared during the year Gross loss on sale or maturity of ledger assets viz Stocks Gross decrease by adjustment in book value of ledger assets viz stocks 9372 66 557 92 1939 96 40295 10 3488 40 14465 48 1299 14 555 79 2097 31 22886 14 30000 00 390 92 160000 00 21007 85 19912 50 Total disbursements 3274568 36 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Book value of bonds 222322993 and stocks 391869994 5 Cash in company s office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to October 1 1912 9 Agents balances representing business written prior to October 1 1912 72945 00 108700 00 6141929 87 952 91 55085 81 60111 12 862994 00 28574 02 16 Total ledger assets 7331292 73 NonLedger Assets 17 18 24 30 Interest accrued on mortgages Interest accrued on bonds 1643 70 28147 67 Total Gross assets 29791 37 7361 084 10198 ComptrollerGenerals Report Deduct Assets Not Admitted 34 Agents balances representing business written prior to October I 1912 28574 02 38 Book value of ledger assets over market value 83102 37 111676 39 41 Total admitted assets 7249407 71 VLiabilities 1 Gross losses adjusted and unpaid 93 63 00 Gross claims for losses in process of ad justment or in suspense pins 1000000 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 534 0 qq 3 Gross claims for losses resisted 39158 00 4 Total 697036 00 5 Deduct reinsurance due or accrued in companies authorized in New York 164316 00 6 Net amount of unpaid losses and claims 532 720 00 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 Are risks 3333 83353 unearned premiums fifty per ent 1666916 76 8 iniss premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 215852697 un earned premiums pro rata 1 038 053 86 n Total unearned premiums as computed above 2704970 62 IS Salaries rents expenses bills accounts fees etc due or accrued n 2OO0 00 19 Estimated amount hereafter payable for federal state and other taxes bused upon the business of the year f is emnt 25000 00ComptkolleeGexerals Keport 199 20 22 26 27 28 Commissions brokerage and other charges due or to be come due to agents and brokers 49992 21 Due and to become due for borrowed money 335000 00 Total amount of all liabilities except capital 3649682 83 Capital actually paid up in cash 400000 00 Surplus over all liabilities 3199724 88 3599724 88 Total liabilities 7249407 71 VI Risks and Premiums 29 Surplus as regards policyholders 30 Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 459452093 5384286 11 Written or renewed during the year 473916992 5650020 10 Excess of original premiums over amount received for reinsurance 404853 09 Total 933369085 11439159 30 Deduct those expired and marked off as terminated 408650256 5343263 57 In force at the end of the year 524718829 6095895 73 Deduct amount reinsured schedule re quired 47629688 603535 23 Net amount in force 477089141 5492360 50 Business in the State of Georgia During the Year 28 Gross risks written 5163258 00 Less 1555478 risks cancelled and 52863900 reinsur ance in companies authorized in Georgia 2084117 00 Net risks written 3079141 00 29 Gross premiums on risks written 63870 86 Less 1202750 return premiums and 758747 prem iums for reinsurance in companies authorized in Ga 19614 97 Net premiums received 4425o 89 30 Losses paid deducting salvage 30295 12 Less losses on risks reinsured in companies authorized in Georgia 1 72200 ComptrollerGeneral s Report Net losses paid 3 I Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 30293 40 18522 37 229 72 1S292 65 GREAT SOUTHERN FIRE INSURANCE COMPANY OF LYNDON KY William H Cox President W 1 Ruby Secretary Home Office Lyndon Kentucky William A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 243730 00 4 Stock subscriptions IIIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 1021781 return premiums Are 516069 total 1047 7 1537S 50 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 10 Gross interest on collateral loans U Goss interest on bonds and dividends on stocks 12 Gross interest on deposits in trust com panies and banks 225 00 34 58 2271 7d 2639 29 17 Total gross interest and rents 18 From other sources Commissions on reinsurance 38 Total income IIIDisbursements 1 Gross amount paid policyholders for losses 2 Deduct amount received for reinsurance fire 12949 27 665 35 760700 00 52669 28 5220 57 2963 S7 60853 72ComptrollerGeneral s Report 201 9 10 11 12 13 14 15 16 Net amount paid polieykolders for losses 12283 92 Expenses of adjustment and settlement of losses 548 92 Commissions or brokerage 12219 85 Salaries 113950 and expenses 54353 of special and general agents 1683 03 Salaries fees and all other charges of officers directors trustees and horfie office employees Bents Advertising 52705 printing and stationer 133331 Postage telegrams telephone an dexpress 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 All other licenses fees and taxes City and county tax 9310 agents municipal license 30800 total Other disbursements Commissions on sale of stock 174 57807 preliminary organization expense 1298400 exchange 1128 inevstment expense 1970 general general expense 71933 total 188312 38 10327 85 1241 50 1860 36 969 17 1566 62 2572 45 1185 40 209 94 35 18 401 10 41 Total disbursements 235417 67 IVLedger Assets 2 Mortgage loans onreal estate 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 26750 00 and stocks 80000 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to July 1 1913 9 Agents balances representing business written prior to July 1 1913 10 Bills receivable taken stock 13 Accounts receivable 14 County claim Magoffins Co 15 Stock subscription 16 Total ledge ssets 265566 66 25000 00 27550 00 3 81 70080 80 13204 69 11743 93 3112 14 25632 75 2501 54 2423 73 139226 00 586136 05 202 ComptrollerGenerals Keport NonLedger Assets 17 Interest accrued on mortgages 3083 24 18 Interest aceruud on bonds 2314 50 19 Interest accrued on collateral loans 500 00 20 Interest accrued on county claims 24 10 24 Total 30 Gross assets Deduct Assets Not Admitted 5922 24 59205s 29 34 Agents balances representing business written prior to July 1 1913 3112 14 35 Bills receivable unsecured on stock 35632 75 38 Book value of ledger assets over market value viz accounts receivable 2591 54 40 Stock subscriptions 139226 00 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 5918 10 5 Deduct reinsurance due or accrued 17 90 6 Net amount of unpaid losses and claims 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 14726 46 8 Gross premiums less reinsur ace receiv ed and receivable upon nil unexpired fire risks running more than one year from date of policy 17417 51 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 178162 43 413995 86 5900 00 1214 97 1402 115 28 00 828 45ComptrollerGeneral s Report 21 23 24 26 29 Surplus as regards polieyholders 30 203 Reinsurance premiums 2314 14 All other liabilities viz Expense settlement of claims 42 98 Partial payments on stock 75777 25 Total amount of all liabilities except capital 118437 04 Capital actually paid up in cash 243730 00 Surplus over all liabilities 51828 82 295558 82 Total liabilities 413995 86 VIRisks and Premiums Fire Risks Premiums Thereon Written or renewed during the year 4225519 00 68047 78 Deduct those expired and marked off as terminated 443380 00 6770 67 In force at the end of the year 3782139 00 61277 Jl Deduct amount reinsured schedule re quired 865359 00 11239 14 8 Net amount in force 2916780 00 500037 97 UNITED STATES BRANCH HAMBURGBREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY G H Karmmerer President H C Buchenberger Managing Director Y F Patillo Attorney for Service in Georgia TCapital Stock 1 Amount of capital paid up in cash 615000 00 2 Amount of ledger assets as per balance December 31 of previous year 1928838 32 IIIncome 5 Gross premiums 2168638 51 6 Deduct gross amount paid for reinsurance fire 51672660 return premiums fire 30963867 total 826365 27 7 Total premiums other than perpetual 1342273 24204 ComptrollerGenerals Keport 11 Gross interest on bonds and dividends on stocks less 1053 accrued interest on bonds acquired during 19112 68365 41 12 Gross interest on deposits in trust com panies and banks 498 30 14 Interest on unlisted assets 130 00 15 Miscellaneous 20 20 17 Total gross interets and rents 69013 91 19 Received from home office 25709 33 20 Borrowed money 65000 00 25 From agents balances previously charged off 19 04 27 Gross increase by adjustment in book value of ledger assets viz Bonds 5448 75 28 Total income 1507464 27 IIIDisbursements 1 Gross amount paid polieyholders for losses including 14709345 occurring in pre vious years 1059020 81 2 Deduct amount received for salvage fire 962289 reinsurance fire 232 05070 discount fire 63292 total 242306 51 10 II 12 13 14 L5 Hi 17 20 21 Net amount paid polieyholders for losses 810714 30 Expenses of adjustment and settlement of losses 24288 47 Commissions or brokerage 236809 00 Allowances to local agencies for miscellaneous agency expenses 1006 36 Salaries 6822395 and expenses 2495410 of special and general agents 931 8 05 Salaries fees and all other charges of officers directors trustees and home office employees 72870 59 Bents 20396 in Advertising 483869 printing and stationery 13 li 1126 total 18449 95 Postage telegrams telephone and express 14107 02 Legal expenses 1295 52 Furniture and fixtures 2425 7 4 Maps including corrections 4913 30 Underwriters Boards and Tariff Associations 18553 39 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 14581 89 Inspections and surveys 7286 71 State taxes on premiums 27si 4 54 Insurance department licenses and fees 7353 20ComptrollekGesterals Report 205 22 All other licenses fees and taxes State licenses 185999 city and county licenses 606171 city and county taxes and Fees 313908 total 11360 78 23 Other disbursements Commercial agency 198950 auditors fees 30000 exchange 52215 subscrip tions to jeriodieals 20070 premiums on surety bonds of employees 227 50 borrowed money repaid 65 00000 interest on borrowed money 121949 total 69459 14 32 Remitted to home office 17 974 10 39 Gross loss on sale or maturity of ledger assets viz Bonds 50 25 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 9410 00 41 Total disbursements 1490380 51 IVLedger Assets 4 Book value of bonds 1634038 SO 7 Deposits in trust companies and banks on interest 84079 61 8 Agents balances representing business written subsequent to October 1 1912 224354 96 9 Agents balances representing business written prior to Oct 1 1912 3448 71 16 Total ledger assets 1945922 08 NonLedger Assets 18 Interest accrued on bonds 23037 72 23037 72 24 Total 1968959 80 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 3448 71 38 Book value of ledger assets over market value 1608 SO 5057 51 41 Total admitted assets 1963902 29206 ComptrollerGenerals Eeport VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 920000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 187015 00 3 Gross claims for losses resisted 22890 00 4 Total 209905 00 5 Deduct reinsurance due or accrued 58255 00 6 Net amount of unpaid losses and claims 151650 00 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 81378024 unearned premiums fifty per cent 406890 12 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 151110894 un earned premiums pro rata 809531 13 11 Total unearned premiums as computed above 1216421 25 18 Salaries rents expenses bills accounts fees etc due or accrued 00 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 27500 00 20 Commissions brokerage and other charges due or to be come due to agents and brokers 1 399 g 21 Reinsurance premiums 3453 53 26 Total amount of all liabilities except capital 1407924 59 27 Deposit capital 215000 00 28 Surplus over all liabilities 349977 70 29 Surplus as regards policyholders 555977 70 30 Total liabilities 963902 21 VI Risks ami Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 251495848 2948480 37 ComptrollerGenerals Report Written or renewed during the year 181403561 Excess of original premiums over amount received for reinsurance 207 2168638 5J 9596 14 Total 432899419 5126715 02 Deduct those expired and marked off as terminated 163867464 1996429 57 In force at the end of the year 269031945 3130285 45 Deduct reinsurance schedule required 65749329 805396 27 Net amount in force 203282616 2324889 18 Business in the State of Georgia During the Year 28 29 Gross risks written 2788618 00 Less 12164500 risks cancelled and 2058500 reinsur ance in companies authorized in Georgia 142230 00 Net risks written 2646388 00 Gross premiums on risks written 45135 59 Less 530542 return premiums and 91699 premiums for reinsurance in companies authorized in Georgia 6222 41 31 Net premiums received Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid Losses incurred Less losses on risks reinsured in companies authorized in Georgia 38913 18 21239 28 3953 24 17286 04 20184 28 1453 24 Net losses incurred 18731 04 THE HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y R Emory Warfield President Joseph McCord Secretary James L Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid vip in cash 1000000 00208 ComptkollerGtenebals Eepoet 2 Amount of ledger assets as per balance December 31 of previous year 4570085 75 4 Extended at 4570085 7c IIInec 5 Gross premiums 3857378 24 6 DeTiuct gross amount paid for reinsurance fire 61731042 return premiums fire 46720651 total 1084516 73 Total premiums other than perpetual 2772861 51 9 Gxoss interest on mortgage loans 11 Goss interest on bonds and dividends on stocks less 40056 accrued interest on bonds acquired during 1912 12 Gross interest on deposit in trust com panies and banks 14 On deposit at Chicago Genl Agency 16 Gross rents from companys property in cluding 1800000 for companys occu pancy of its own buildings 175 00 139292 04 1131 77 147 12 72663 62 17 Total gross interest and rents 25 From agents balances previously charged off 26 dross profit on sale or maturity of ledger assets viz Bonds 213409 55 209 76 3873 00 28 Total income 2990 355 82 111 Disbursements 1 Gross amount paid policyholders for losses including 27150660 occurring in pre vious years 1640659 53 2 Deduct amount received for salvage fire 1109511 reinsurance fire 33870110 discount fire 114274 total 34993s 94 3 Net amount paid policyholders for losses 129072059 4 Expenses of adjustment and settlement of losses 103375 37 5 Commissions or brokerage ggg 71 rj 7 Salaries 8493667 and expenses 3469045 of special and general agents 119 627 12 8 Salaries fees and all other charges of officers directors trustees andhome office employees g ogg ComptbolleeGenebals Repoet 209 9 Rents including 1801000 for companys occupancy of its own buildings 25335 77 10 Advertising 1334174 printing and stationery 16 83944 total 30181 18 11 Postage telegrams telephone and express 23170 02 12 Legal expenses 775 95 13 Furniture and fixtures 7648 28 14 Maps including corrections 11008 07 15 Underwriters Boards and Tariff Associations 14665 54 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 21063 98 17 Inspections and surveys 34606 23 18 Repairs and expenses other than taxes on real estate 24316 83 19 Taxes on real estate 15476 20 20 State taxes on premiums 45105 00 21 Insurance department licenses and fees 15894 14 22 All other licenses fees and taxes Federal corporation tax 440 54 Local state county and city taxes and fees 9846 27 24 Auditing book L950 00 25 Commercial reports 2953 00 26 Insurance of office furniture 800 23 27 Office expenses and supplies 3233 08 28 Bonds of cashiers 210 00 34 Paid stockholders for interest or dividends amount de clared during the year 160000 00 38 Agents balances charged off 677 14 39 Gross loss on sale or maturity of ledger assets viz Bonds 39250 stocks 283200 total 5224 50 41 Total disbursements 2771031 45 TVLedger Assets 1 Book value of real estate 906581 06 2 Mortgage loans on real estate 3500 00 4 Book value of bonds 197096634 and stocks 124076614 821 932 98 5 Cash in companys office 4288 50 6 Deposits in trust companies and banks not on interest 18503 3 7 Deposits in trust companies and banks on interest 214478 07 8 Agents balances representing business written subsequent to Oct 1 1912 428174 77 9 Agents balances representing business written prior to Oct 1 1912 1951 01 16 Total ledger assets 4789410 12210 ComptbollebGenebals Report NonLedger Assets 17 Interest accrued on mortgages 14 58 18 Interest accrued on bonds 27 732 45 23 Rents due on companys property or lease 587 50 24 Total 28334 53 25 Market value of real estate over book value 222891 94 28 Unpaid reinsurance on paid losses 8 888 39 30 Gross assets 5049524 98 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 1951 01 38 Book value of ledger assets over market value 61914 18 6365 19 41 Total admitted assets 4985 658 99 VLiabilities 1 Gross losses adjusted and unpaid 74551 55 2 Gross claims for losses in process of ad justment or in suspense 245758 72 3 Gross claims for losses resisted 8 490 32 Total 338800 59 5 Deduct reinsurance due or accrued 78878 18 j Net amount of unpaid losses and claims k 259922 41 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 1549 42224 unearned premiums fifty per cent 774711 42 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 371947435 un earned premiums pro rata 1926 380 17 11 Total unearned premiums us computed above 2701091 59ComptrollerGenerals Report 211 18 19 20 21 24 26 27 28 29 30 Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Commissions brokerage and other charges due or to be come due to agents and brokers Return premiums 635198 reinsurance premiums 42 56460 total Rents paid in advance 9251 43 45000 00 6880 77 48916 58 3004 13 Total amount of all liabilities except capital 3074066 91 Capital actually paid up in cash 1000000 00 Surplus over all liabilities 911592 08 Surplus as regards policyholders Total liabilities 1911592 08 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 497285122 83 5108278 24 2 Written or renewed during the year 406380259 00 3857378 24 3 Excess of original premiums over amount received for reinsurance 440004 76 4 Totals903665381 83 9405661 24 5 Deduct those expired and marked off as terminated 312637752 50 3315263 72 6 In force at the end of the year 591027629 33 6090397 52 7 Deduct amount reinsured schedule re quired 83750911 72 821500 33 8 Net amount in force507276717 61 5268897 IS Business in the State of Georgia During the Year 28 Gross risks written 299918900 Less 59074200 risks cancelled and 54748600 reinsur ance in companies authorized in Georgia 1138228 00 Net risks written 1860961 l0212 ComptrollerGenerals Eeport 29 Gross premiums on risks written 42 41 20 Less 793602 return premiums and 104701 premiums for reinsurance in companies authorized in Georgia 8983 03 Xet premiums received 33 42S 17 30 Losses paid deducting salvage 21188 99 Less losses on risks reinsured in companies authorized in GeorSia 106 61 Net losses paid 21082 38 31 Losses incurred o on a Less losses on risks reinsured in companies authorized in Georgia 30 90 Net losses incurred 20 266 64 HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN Chas E Chase President s E Locke Secretary Home Office 125 Trumbull Street Hartford Conn Egleston Prescott Attorneys 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 year 24756809 82 4 Extended at 24756809 82 11Income Fire Marine and Inland 5 Gross premiums 19593630 85 1157973 07 6 Deduct gross amount paid for reinsurance Are 227185631 ma rine and inland 196 13040 return prem iums fire 2628 20622 marine and in land 21227047 4900062 53 408400 s 7 Total premiums other than PWPetual 14693568 32 749572 20 15443140 52ComptrollerGexeral s Report 213 9 Gross interest on mortgage loans 24284 02 10 Gross interest on collateral loans 384 74 11 Gross interest on bonds and dividends on stocks less 1094080 accrued interest on bonds acquired during 1912 927895 46 12 Gross intrest on deposits in trust com panies and banks 17008 50 13 Gross interest from all other sources 144 00 4 Interest on deferred rental 5 05 15 Interest on deposit with inspection bureau and on county warrants 230 16 Gross rents from companys property in cluding 3000000 for companys occu pancy of its own buildings 52254 58 17 Total gross interest and rents 1 022004 i 1 18 From other sources Sale of fractional share of Montreal stork 5685 rent on property previously sold 28500 premium on exchange of bonds 83750 borro wed money 10000000 conscience money 27799 taxes recovered on property previously sold 6238 final dividend in liquidation Farmers and Mechanics Nat ional Bank 36600 total101885 72 24 Increase in liabilities during the year on account of re insurance treaties 25599 01 25 From agents balances previously charged off 590 79 26 Gross profit on sale or maturity of ledger assets viz Bonds 106925 stocks 4574935 total 46818 60 28 Total income 16640039 35 IIIDisbursements Fire Marine and Inland 1 Gross amount paid policy holders for losses in cluding 116742376 oc curring in previous years 9476548 19 354880 23 2 Deduct amount received for salvage fire 88 91461 marine and in land 1449256 reinsur ance fire 119550158 marine and inland 20 99401 total 1284416 19 35486 57 3 Net amount paid policy holders for losses 8192132 00 319393 66 8511525 66 214 ComptrollerGexerals Report 4 Expenses of adjustment and settlement of losses 5 ommissians or brokerage 7 Salaries 49514479 and expenses 26569067 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Bents including 3000000 for companys occupancy of its own buildings 10 Advertising 6207688 printing and stationery 125 15601 total 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 18 Bepairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 1254588 county and municipal taxes and licenses 5195220 state tax on capital stock 129 99890 total 23 Other disbursements Borrowed money repaid 10000000 interest on borrowed money 57221 interest on re serve held for reinsurance companies 2001716 commercial ratings 1005719 water ice and toilet articles 417966 insurance on companys property and interests 284528 newspaper and periodicals 2214 65 total 34 Paid stockholders for interest or dividends amount de clared during the year 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Real estate 66502 bonds 656928 total 40 Gross decrease by adjustment in book value of ledger assets viz Beal estate 607385 bonds 83750 stocks 5685 total 169247 96 2866603 86 760835 46 649532 30 120092 71 187232 89 112682 9T 13224 88 18735 40 34636 51 217673 48 79433 96 69216 30 20522 01 10855 07 261995 74 51278 35 194496 98 139886 15 700000 00 4417 99 7234 30 6968 20 11 Total disbursements 15208329 13 1YLedger Assets 1 Book value of real estate 754887 61 2 Mortgage loans on real estate 618666 67ComptrollerGenerals Report 215 3 Loans secured by pledge of bonds stocks or other collateral 6000 00 4 Book value of bonds 1955386363 and stocks 152401940 21077883 03 5 Cash in companys office 5579 36 6 Deposit in trust companies and banks not on interest 111409 28 7 Deposits in trust companies and banks on interest 1252527 12 8 Agents balances representing business written subsequent to Oct 1 1912 2299010 96 9 Agents balances representing business written prior to Oct 1 1912 62556 01 16 Total ledger assets 26188520 04 NonLedger Assets 17 Interest accrued on mortgages 4678 80 18 Interest accrued on bonds 262533 23 19 Interest accrued on collateral loans 157 21 23 Rents accrued on companys property or lease 1320 99 24 Total 268690 23 26 Market value not including interest in item 18 of bonds and stocks over book value 99951 56 30 Gross assets 26557161 83 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 62556 01 38 Book value of ledger assets over market value viz Real estate 2287 61 64843 62 41 Total admitted assets 26492318 21 VLiabilities 1 Gross losses adjusted and unpaid not yet due 500545 74 2 Griiss claims for losses in process of ad justment or in snpsense 871311 76 3 Gross claims for losses resisted 1019 77216 ComptbolleeGexeeals Bepoet 4J l0tf 147379127 o Deduct reinsurance due or accrued 199 420 63 6 Net amount of unpaid losses and claims 174 370 64 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired lire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 9269 00340 unearned premiums fifty per eent 4034501 73 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 1687489269 un earned premiums pro rata 8 904 612 79 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 66534375 unearned premiums fifty ler Eellt 332671 88 11 Total unearned premiums as computed above 13 871 786 40 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 900 qqq qq 23 All other liabilities viz Due reinsurance companies nder tieaty 382468 95 I Special reserve 250000 00 20 Total amount of all liabilities except capital 15978 625 99 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 8 513 692 22 29 Surplus as regards policyholders iq 513 go Tota liabilities 26492318 21 VI Risks and Premiums Fire Risks Premiums Thereon 1 In torce mi the 31 day of December as per line 5 under this heading in last years statement 2485152598 27505550 38 2 Written or renewed during the year 1774917946 19593630 85 Excess of original premiums over amount received for reinsurance 12 938 53 4 Tota 4261170544 47112119 7029 ComptrollerGenerals Report 17 Deduct those expired and marked off as terminated 1654362510 18701805 72 In force at the endof the year 2605708034 28410314 04 Deduct amount reinsured schedule re quired 266127790 2266417 89 Net amount in force 2339580244 26143896 15 Business in the State of Georgia During the Year Gross risks written 25252092 Less 421098500 risks canceled 4058618 00 Net risks written 21193474 00 Gross premiums on risks written 447915 34 Less 5219284 return premiums 49040 42 Net premiums received 397874 92 Net losses paid 19654002 Net losses incurred i 213299 99 THE HOME INSURANCE COMPANY OF NEW YORK Elbridge G Snow President Arensh M Bartis Charles L Tyner Secys G W Phillips Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capita paid up in cash 3000000 00 2 Amount of ledger assets as per balance December 31 of previous year 32070752 78 4 Extended at 32070752 78 IIIncome Fire Marine and Inland 5 Gross premiums 18527889 71 1154882 1 6 Deduct gross amount paid for reinsurance fire 351523181 marine and inland 3B3 49471 return prem218 ComptrollerGexeral s Keport iums fire 2601 18739 marine and in land 20868663 6116419 20 5421SI 34 7 Total premiums other than perpetual 12411470 51 i 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 465453 accrued interest on bonds acquired during 1912 1284861 57 12 Gross interest on deposits in trust com panies and banks 29741 91 13 Gross interest from all other sources From agents balances as accounted for by said agents 2210 77 612700 80 13024171 31 1885 30 1318699 55 675 06 37 50 111568 19 17 Total gross interest and rents 18 Froin other sources Dividends unlisted securities 28334 conscience money 39172 total 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 1319375 stocks 9837444 total 28 Total income 14455151 61 IIIDisbursements Fire Marine and Inland 1 Gross amount paid policy holders for losses8998533 88 544018 12 2 Deduct amount received for salvage fire 56 t8345 marine and in land 2922977 rein surance fire 2353 22686 inarine and in land 22356518 2409711 31 252794 95 3 Xet amount paid policy holders for losses 6588823 57 291223 17 6880046 74 4 Expenses of adjustment and settlement of losses 155138 35 5 ciniinissions or brokerage 2518280 6J 6 Allowances to local agencies for miscellaneous agency expenses 2890 48 7 Salaries 30120885 and expenses 12430982 of special and general agents 425518 67 8 Salaries fees and all other charges of officers directors trustees and home office employees 496 327 04ComptrollerGexerals Report 219 9 Rents 130489 58 10 Advertising 9370552 printing and stationery 143 45507 total 237160 59 11 Postage telegrams telephone and express 101770 93 12 Legal expenses 1850 11 13 Furniture and fixtures 11183 66 14 Maps including corrections 20253 49 15 Underwriters Boards and Tariff Associations 108290 00 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 45913 94 17 Inspections and surveys 103705 27 20 State taxes on premiums 292797 56 21 Insurance department licenses and fees 48681 51 22 All other licenses fees and taxes Federal corporation tax 20973 82 23 Other disbursements Traveling expenses other than item 7 653175 exchange 1580046 lunch for officers and home office employees 3915796 donations 60000 total 62090 17 34 Paid stockholders for interest or dividends amount de clared during the year 1050000 00 38 Agents balances charged off 1258 98 39 Gross loss on sale or maturity of ledger assets viz bonds 541000 stocks 2075000 total 26160 00 40 Gross decrease by adjustment in book value of ledger Bonds n595 00 41 Total disbursements 12752376 50 IVLedger Assets 2 Mortgage loans on real estate first liens 21300 00 4 Book alue of bonds 1659060226 and stocks 1287936367 total 29469965 93 6 Deposit in trust companies and banks not on interest 43790 62 7 Deposits in trust companies and banks on interest 1715704 09 8 Agents balances representing business written subsequent to Oct 1 1912 2327747 89 9 Agents balances representing business written prior to Oct 1 1912 109411 29 11 Bills receivable taken for fire risks 85608 07 16 Total ledger assets 33773527 89220 ComptkollerGenerals Report NonLedger Assets 18 Interest accrued on bonds 226566 00 24 Total 226566 00 30 Gross assets 34000093 89 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 109411 29 35 Bills receivable past due taken for ma rine inland and fire risks 85608 07 38 Book value of ledger assets over market value viz Stocks and bonds 398639 93 41 Total admitted assets 33406434 60 VLiabilities 1 Gross losses adjusted arid unpaid not yet due 279685 71 2 Gross claims for losses in process of ad justment or in suspense plus 100 HioOO reserve for losses incurred prior to December 31 of which no notice had been received on that date 533496 15 3 Gross claims for losses resisted 119500 67 4 Total 1932682 53 5 Deduct reinsurance due or accrued 668685 20 6 Net amount of unpaid losses ami claims 1263997 33 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 7840 82800 unearned premiums fifty per cent 3920414 00 8 Gross premiums less reinsurance receiv ed ami receivable upon nil unexpired fire risks running more than one year from date of policy 1512361100 un earned premiums pro rata 8026747 00 9 Gross premiums les reinsurance cash and bills received and receivable uponCOMPTROLLERGrENERAL s REPORT all imexpired inland navigation risks 63655200 unearned premiums fifty per cent 318276 00 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 7598300 unearned premiums 100 per cent 75983 00 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Reinsurance premiums 23 All other liabilities Reserves a conflagration surplus 221 12341420 00 100000 00 200000 00 91201 86 258060 13 1800000 00 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 3000000 00 28 Surplus over all liabilities 14351755 28 29 Surplus as regards policyholders 30 Total liabilities 16054679 32 17351755 28 33406434 60 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 2531045376 25101353 00 2 Written or renewed during the year 2027945515 18527889 71 3 Excess of original premiums over amount received for reinsurance 3 185 00 4 Total 4558990891 43632427 71 5 Deduct those expired and marked off as terminated 1857217499 17137292 71 6 In force at the end of the year 2701773392 264951 00 7 Deduct amount reinsured schedule re quired 3898973r 3530696 00 8 Net amount in force 2311875997 22964439 00222 ComptrollerGenerals Report Business in the State of Georgia During the 1ear 28 Gross risks written 17125456 00 Less 1840785 00 Net risks written 15278671 00 29 Gross premiums on risks written 2205 83 Less return premiums 33476 01 Net premiums received 229029 82 Net losses paid 179090 28 Net losses incurred 170799 06 INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA PA Eugene L Ellison President T Houard Wright Secretary 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 16740126 98 ITIncome 5 Gross premiums 13169073 82 i Deduct gross amount paid for reinsurance fire 114103860 marine and inland 116311167 return premiums five 113672677 marine and inland 42674665 total 3867623 69 7 Total premiums other than perpetual 9301450 13 8 Deposit premiums written on perpetual risks gross 12911 S1 9 Gross interest on mortgage loans less 5556 accrued interest on mortgages acquired during 1912 13648 17 11 Gross interest on bonds and dividends on stocks less 981632 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Cross interest from all other sources 14 Branch office Bank balances 599688 39 21241 49 323 01 ComptrollerGeneral s Report 15 Deferred settlements ete 26 13 16 Gross rents from companys property in cluding 1000000 for companys occu pancy of its own buildings 19190 41 223 17 Total gross interest and rents 654118 10 18 From other sources Perpetual permits transfers fees and earned deposits 3028 73 25 From agents balances previously charged off 656 54 26 Gross profit on sale or maturity of ledger assets viz Bonds 123000 stocks 1791187 total 19141 87 28 Total income 9991307 18 IIIDisbursements Gross amount paid policyholders for losses 6786009 64 Deduct amount received for salvage fire 2479655 marine and inland 265 17609 reinsurance fire 59628142 marine and inland 89214477 total 1778398 83 3 Xet amount paid policyholders for losses 5007610 81 4 Expenses of adjustment and settlement of losses 98110 22 5 Commissions or brokerage 756094 33 6 Allowances to local agencies for miscellaneous agency expenses 214287 70 7 Salaries 36171008 and expenses 12053841 of special and general agents 482248 49 8 Salaries fees and all other charges of officers directors trustees and home office employees 185803 24 9 Rents including 1000000 for companys occupancy of its own buildings 53518 32 10 Advertising 2999240 printing and stationery 66 71882 total 9671122 11 Postage telegrams telephone and express 54629 30 12 Legal expenses 12688 34 13 Furniture and fixtures 121 62 04 14 Maps including corrections 18885 40 15 Underwriters Boards and Tariff Associations 67594 57 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 39920 63 17 Inspections and surveys 44660 96 18 Repairs and expenses other than taxes on real estate 5098 51 19 Taxes on real estate 4643 22 20 State taxes on premiums 174674 50 21 Insurance department licenses and fees 36683 07224 ComptrollerGenerals Report 22 All other licenses fees and taxes Federal corporation tax 1915079 Arkansas franchise tax 20000 Penn sylvania tax on capital stock 2304567 municipal licenses 1918383 total 61580 29 23 Other disbursements Janitor and engine room expense 96625 heat and light 150617 employees lunches 761719 registration of stock 10000 subscriptions 333963 expenses on mortgage loans 12550 total 13654 71 33 Deposit premiums returned 25594 66 34 Paid stockholders for interest or dividends amount de clared during the year 480000 00 38Agents balances charged off 2253 81 39 Gross loss on sale or maturity of ledger assets viz Real estate 3362 08 40 Gross decrease by adjustment in book value of ledger assets viz Real estate 939 43 41 Total disbursements 8953409 88 IVLedger Assets 1 Book value of real estate 293875 00 2 Mortgage loans on real estate 238935 00 4 Book value of bonds 1260292672 and stocks 168183096 total 14284757 68 5 Cash in companys office 187 il 6 Deposits in trust companies and banks not on interest 25000 00 7 Deposits in trust companies and banks on interest 1273004 84 8 Agents balances representing business written subsequent to Oct 1 1912 1617253 35 9 Agents balances representing business written prior to Oct 1 1912 18054 40 10 Bills receivable taken for marine and in land risks 16224 99 11 Bills receivable taken for fire risks 10731 41 16 Total ledger assets 177781121 28 NonLedger Assets 17 Interest due 73312 and accrued 1 91326 on mortgages 2646 38 18 Interest due 96300 and accrued 94 85299 on bonds 95815 99 24 Total 98462 37CoMPTROLLEKGeNEKALS REPORT 225 27 Other nonledger assets viz Reinsurance claims on losses paid 28930 52 29 Salvage claims 52400 00 30 Gross assets 17957817 17 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 18054 40 35 Bills receivable past due taken for ma rine inland and fire risks 144 00 37 Overdue and accrued interest on bonds in default 9 00 38 Book value of ledger assets over market value viz Bonds and stocks 88265 60 107427 00 41 Total admitted assets 3 7850390 17 VLiabilities 1 Gross losses adjusted and unpaid 112424 61 2 Gross claims for losses in process of ad justment or in suspense 1264218 01 3 Gross claims for losses resisted 33229 38 4 Total 1409872 00 5 Deduct reinsurance due oir accrued 68272 00 6 Net amount of unpaid losses and claims 1341600 00 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of policy 388154282 unearned premiums fifty per cent 1940771 41 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 789767358 un earned premiums pro rata 4162132 64 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 72487452 unearned premiums fifty per cent 363060 22 10 Gross premiums less reinsurance cash and bills received and receivable upon226 ComptrollerGenerals Beport all unexpired marine risks 65555764 unearned premiums 50 100 per cent 388344 84 11 Total unearned premiums as computed above 6854309 11 12 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the prem ium or deposit received 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Reinsurance premiums 23 All other liabilities viz Contingent fund 728939 48 90000 00 80000 00 18868 03 36673 55 26 Total amount of all liabilities except capital 9850390 17 27 Capital actually paid up in cash 4000000 00 28 Surplus over all liabilities 4000 000 00 29 Surplus as regards policyholders 8000000 00 30 Total liabilities i7i850390 17 VIRisks and Premiums 1 In force on the 31 day of December as per line 5 under this heading in last years statement 1088629145 12556166 55 2 Written or renewed during the year 739372379 8542684 81 4 TotaI 1828001524 21098851 36 5 Deuct those expired and marked off as terminated 667189310 7956981 02 6 In force at the end of the year 1160812208 13141S7n 7 Deduct amount reinsured schedule re quired 128314284 1362653 94 8 Nel amount in fore 1032497924 11779216 40 9 Perpetual risks nol Included above 3103692303 de posit premiums on sumo 14 90 83ComptrollerGenerals Report 227 THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA OF PHILADELPHIA PENNSYLVANIA Clarence E Porter President Edward h Goff Secretary Dan B Harris 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 3732733 41 3732733 11 4 Extended at IIIncome 5 Gross premiums 4156835 80 6 Deduct gross amount paid for reinsurance fire 105287511 marine and inland 1 42382 return premiums fire 875 30191 marine and inland 901985 1938620 69 7 Total premiums other than perpetual 2218215 8 Deposit premiums written on perpetual risks gross 950018 9 Gross interest on mortgage loans M 11 Gross interest on bonds and dividends on stocks less 101138 accrued interest on bonds acquired during 1912 130442 49 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz Agents balances 328 Philadelphia Underwriters Assn Deposit 315 6 43 16 Gross rents from companys property 15308 90 17 Total gross interest and rents 4919 S 18 Prom other sources Union Insurance Ob unclaimed dividends 26 Gross profit on sale or maturity of ledger assets viz 1591 64 Bonds no m x 2379857 91 28 Total income n 228 CompxbollekGeneral s Beport IIIDisbursements 1 Gross amount paid policyholders for losses including 27082605 occurring in pre vious years 1908930 08 2 Deduct amount received for salvage fire 511768 marine and inland 2500 reinsurance fire 52994116 marine and inland 21437 discount fire 2 52060 total 537818 81 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 33 34 38 39 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 4863935 and expenses 3916254 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 738154 printing and statfionerv 15 42930 total Postage telegrams telephone and express Legal expen ses Furniture and fixtures Maps inculding 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 rpal estate Taxes on real estate State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Capital stock tax Other disbursements Traveling expenses 358143 safe deposit box 30000 fidelity bond 29813 listing stock 10850 miscellaneous office expenses 35597 conflagration indemnity 137500 commission sale of mortgages 8750 total Deposit premiums returned Paid stockholders for interest or dividends amount de clared luring the year 6400000 Agents balances charged off dross loss on sale civ maturity of ledger assets viz Renl estate 32700 bonds 4377 30 stocks 14688 1371111 27 28060 OS 46115 53 7402 51 8780 89 100687 46 5390 00 22810 84 7899 22 9728 36 446 15 8383 67 14446 53 16975 32 15568 78 9710 61 3237 72 60692 18 16039 69 916 62 0106 53 23720 25 63794 20 3785 83 4851 18 41 Total disbursements 2 356 796 4416 17 18 23 24 27 30 34 38 40 41 ComptrollerGenerals Keport 229 IVLedger Assets Book value of real estate 252497 85 Mortgage loans on real estate 60800 00 Book value of bonds 195994831 and stocks 90391911 2863867 42 Cash in ebmpanys office 8404 55 Deposits in trust companies and banks on interest 132137 72 Agents balances representing business written subsequent to Oct 1 1912 435246 67 Agents balances representing business written prior to Oct 1 1912 2910 67 Total ledger assets 3755864 88 i NonLedger Assets Interest accrued on mortgages 597 49 Interest accrued on bonds 24720 20 Rents accrued on companys property or lease 24 50 Total 25561J9 Other nonledger assets viz Due for reinsurance of 1479 84 losses paid 3782905 91 Gross assets v Deduct Assets Not Admitted Agents balances representing business written prior to Oct 1 1912 2910 67 Book value of ledger assets over market value viz Real estate 34200 00 Stocks and bonds 42605 67 Total 79716 34 Total Admitted assets 3703189 57 VLiabilities Gross losses adjusted and unpaid 63004 25 Gross claims for losses in process of ad justment or in suspense plus 2000000 reserve for losses incurred prior to Dec 31 of which no notice had been re230 ComptrollerGeneral s Report ceived on that date 283101 62 3 Gross claims for losses resisted 40532 18 4 Total 386638 05 5 Deduct reinsurance due or accrued 118056 39 6 Net amount of unpaid losses and claims 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 1608 45262 unearned premiums fifty per cent 804226 31 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 178741183 un earned premiums pro rata 951043 70 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 4038058 unearned premiums fifty per cent 20190 29 268581 66 11 Total unearned premiums as computed above 1775460 30 12 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the premium or deposit received 416784 94 17 Dividends declared and unpaid to stock holders 1136 93 18 Salaries rents expeiiscs bills accounts fees etc due or accrued 2733 54 lit Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35000 00 26 Total amount of all liabilities except capita 2499697 37 27 Capital actually paid up in cash 800000 00 28 Surplus over all liabilities 403492 20 29 Surplus as regards policyhoWers 1203492 20 30 Total liabilities 3703189 57 YTEisks and Premiums Fire Risks Premiums Thereon I In force on the 3 day of December i6 28 29 30 31 ComptrollerGenerals Report 231 per line 5 under this heading in last years statement 329025514 39 3992693 07 Written or renewed during the year 325117330 81 4104995 28 Total 654142845 20 8097688 3o Deduct those expired and marked off as terminated 270883432 54 3538435 83 In force at the end of the year383259412 66 4559252 52 Deduct amount reinsured schedule re quired 91557391 68 13 63388 07 Net amount in force 291702020 98 3395864 45 Perpetual risks not included above 1851033940 de posit premiums on same 458865 4o Business in the State of Georgia During the Year Gross risks written 2W 4 Less 73430008 risks cancelled and 850000 reinsur ance in companies authorized in Georgia 742800 08 1918301 56 Net risks written Gross premiums on risks written 371 J Less 919618 return premiums and 10890 premiums for reinsurance in companies authorized in Georgia 9305 08 Net premiums received t Losses paid deducting salvage 3779b Less losses on risks reinsured in companies authorized in Georgia 182 TA 25913 51 Net losses paid p Losses incurred Less losses on risks reinsured in companies authorized in n 11882 54 Georgia Net losses incurred 28866 23232 ComptrollerGenerals Report THE LIVERPOOL LONDON GLOBE INSURANCE COMPANY OF NEW YORK Henry W Baton President George W Hoyt Secretary Home Office 45 William Street New York City N Y B P Walker Jr 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 973975 61 4 Extended at IIIncome 973975 61 5 Gross premiums 720631 87 6 Deduct gross amount paid for reinsurance fire 27686842 marine and inland 4956791 return premiums fire 15613702 marine and inland 8 93406 total 491507 41 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks 31084 00 12 Gross interest on deposit in trust com panies and banks 1778 i I 17 Total gross interest and rents 26 Gross profit on sale or maturity of ledger assets viz Stocks 27 Gross increase by adjustment in book value of ledger assets viz Bonds 235124 46 32856 41 35 09 87 13 28 Total income 268103 09 IIIDisburse men ts 1 Gross amount paid policyholders for losses including 3534496 occurring in pre vious years 418244 27 2 Deduct amount received for salvage fire 1299562 marine and inland 20000 reinsurance fire 24702687 marine and inland 2092214 total 281144 63ComptrollerGenerals Report 233 10 11 12 15 16 17 20 21 22 24 25 34 40 Net amount paid polieyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries fees and all other charges of officers directors trustees and home office employees Advertising 88023 printing and stationery 217905 Postage telegrams telephone and express Lgal expenses 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 Federal corporation tax 41877 local taxes 342491 total Office expenses Travelling Paid stockholders for interest or dividends amount de clared during the year Oross decrease by adjustment in book value of ledger assets viz Bonds 71777 stocks 3509 total 41 Total disbursements 137099 64 2431 88 30854 11 0812 75 3059 28 1284 85 722 64 3028 32 980 29 2100 68 7219 93 1506 01 3843 68 544 27 126 50 15000 00 752 86 217367 69 IVLedger Assets 4 Book value of bonds 39981791 and stocks 36423493 764052 84 6 Deposit in trust companies and banks not on interest 25867 33 7 Deposits in trust companies and banks on interest 120267 85 8 Agents balances representing business written subsequent to Oct 1 1912 101109 15 9 Agents balances representing business written prior to Oct 1 1912 13413 84 16 Total ledger assets 1024711 01 NonLedger Assets IS Interest accrued on bonds 24 Total 4565 00 4565 00 30 Oross assets 5029276 01234 ComptbollebGenebals Eepoet Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 1341 84 38 Book value of ledger assets over market value viz Bonds 2484791 stocks 2083493 total 45682 84 40 Total 41 Total admitted assets 59090 08 970179 33 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 6630 00 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 5j Deduct reinsurance due or accrued 46580 00 24851 00 6 Net amount of unpaid losses and claims 21729 00 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 16629074 unearned premiums fifty per cent 83145 37 L913 100 per cent 916 00 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 28296153 un earned premiums pro rata 152102 88 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 10221 unearned premiums fifty per cent 51 10 11 Total unearned premiums as computed above 236215 35 18 Salaries rents expenses bills accounts fees etc due or accrued 7500 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4702 58 20 Commissions brokerage and other charges due or to be come due to agents and brokers 10000 00ComptrollerGenerals Keport 235 21 Return premiums 654644 reinsurance premiums 23 45858 total 30005 02 Total amount of all liabilities except capital 310151 95 Capital actually paid up in cash 200000 00 Surplus over all liabilities 28 29 Surplus as regards policyholder 30 4i0027 38 660027 38 Total liabilities 970179 33 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 71481397 00 842793 23 Written or renewed during the year 01307131 00 668027 69 Total 132788528 00 1510820 92 Deduct those expired and marked off as terminated 54238800 00 622982 64 In force at the end of the year 78549728 00 887838 28 Deduct reinsurance schedule required 38355262 00 437670 01 28 29 30 31 Net amount in foree 40194466 00 45016S 27 Business in the State of Georgia During the Year Gross risks written V Less 46678400 risks cancelled and 71644300 reinsur ance in companies authorized in Georgia 1183 227 0C Net risks written 577302 00 Gross premiums on risks written 23917 65 Less 370344 return premiums and 1023364 prem iums for reinsurance in companies authorized in 4a 13937 08 Net premiums received Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid Losses incurred Less losses on risks reinsured in companies authorized in Georgia 9980 57 995 97 234 97 761 00 4113 86 1334 89 Net losses incurred 2778 76236 ComptrollerGenerals Report united states branch of the liverpool and london and globe insurance company ltd of liverpool england Henry W Eaton Manager George W Hoyt Deputy Manager B P Walker Jr Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 13961175 75 4 Extended at 13961175 75 IIIncome 5 Gross premiums 15104184 51 6 Deduct gross amount paid for reinsurance fire 369474811 marine and inland 5621468 return premiums fire 2 34934024 marine and inland 117 77420 total 6218077 23 7 Total premiums other than perpetual 8886107 8 8 Deposit premiums written on perpetual risks gross 4554 25 9 Gross interest on mortgage loans 152658 34 10 Gross interest on collateral loans 6 00 11 Gross interest on bonds and dividends on stocks less 662831 accrued interest on bonds acquired during 1912 235792 36 12 Gross interest on deposits in trust com panics and banks 30914 22 13 Gross interest from all other sources viz Interest on farm notes 113 99 16 Gross rents from companys property in cluding 2625000 for companys occu pancy of its own buildings 115380 28 17 Total gross interest and rents 534865 19 18 From other sources Premiums on life policies in force 269 63 23 Remittance from home office 2080 7s 2ft Gooss profit on sale or maturity of ledger assets viz Stocks 1 11 37 27 Gross increase by adjustment in book value of ledger assets viz Bonds 1081 i 28 Total income 9429072 79Com ptbollerGen eral s 1 fpoht 237 HiDisbursements 1 Gross amount paid policyholders for losses including 106178534 occurring in previous years 7208529 55 2 Deduct amount received for salvage fire 7404467 marine and inland 93079 reinsurance Are 233870872 marine and inland 8411299 total 2447797 17 3 Net amount paid poJioyholders for losses 4760732 38 4 Expenses of adjustment and settlement of losses 98820 48 5 Commissions or brokerage 1943394 01 7 Salaries 14549903 and expenses 8838936 of special and general agents 233888 39 8 Salaries fees and all other charges of officers directors trustees and home office employees 359444 44 9 Bents including 2625000 for companys occupancy of its own buildings 64930 77 10 Advertising 4460505 printing and stationery 50 84791 total 95452 96 11 Postage telegrams telephone and express 36335 89 12 Legal expenses 3980 04 13 Furniture and fixtures 17062 60 14 Maps including corrections 12789 56 15 Underwriters Hoards and Tariff Associations 109736 S9 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 30834 51 17 Inspections and surveys 42647 54 18 Repairs and expenses other than taxes on real estate 41657 77 19 Taxes on real estate 27110 79 20 State taxes on premiums 115212 67 21 Insurance department licenses and fees 22270 52 22 All other licenses fees and taxes Federal corporation tax 854326 local taxes 6029189 total 68835 15 23 Other disbursements Office expenses 4102235 life 517 life claims 500000 total 6027 5 37 Remitted to home office 1320546 51 38 Agents balances charged off 271 51 39 Gross loss on sale or maturity of ledger assets viz Real estate 6138 12 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 943787 stocks 11437 total 9552 24 41 Total disbursements 19467678 26 IVLedger Assets 1 Book value of real estate 1241257 70 2 Mortgage loans on real estate 3281364 00 If238 ComptrollerGenerals Report 3 Loans secured by pledge of bonds stocks or other collateral 100 00 4 Book value of bonds 511962460 and stocks 134754746 6467172 12 5 ash in companys office 2453 98 6 Deposit in trust companies and banks not on interest 73895 29 7 Deposits in trust companies and banks on interest 825191 79 8 Agents balances representing business written subsequent to Oct 1 1912 1952174 65 9 Agents balances representing business written prior to Oct 1 1912 76873 92 12 Other ledger assets viz Farm notes 2091 83 16 Total ledger assets 13922575 28 NonLedger Assets 17 Interest due 631968 and accrued 36 32937 on mortgages 42649 05 IS Interest accrued on bonds 6H661 24 20 Interest accrued on bank deposits 188 90 23 Rents accrued in companys property or ease 10000 00 24 Total 113409 19 25 Market value of real estate over book value 161700 37 Hi Jrosa assets n 196771 84 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 76873 92 35 Farm notes 2091 83 36 Mortgages over amount allowed by law of N Y state 36668 00 38 Book value of ledger assets over market value viz Bonds 245934 66 40 Stocks 95987 46 15 7 5 5 sy 41 Total admitted assets 13739 218 97ComptrollerGexeral s Report 239 VLiabilities 1 Gross Joshes adjusted and unpaid 49047 67 2 Gross claims for losses in process of ad justment or in suspense plus 9047800 reserve for losses incurred prior to Dee 31 of which no notice had beenieceived on that date 1245474 01 3 Gross claims for losses resisted 141831 00 4 Total 1436352 68 5 Deduct reinsurance due or accrued 583622 00 6 Set amount of unpaid losses and claims 852730 68 7 Gross premiums Tless 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 tire risks 5167 72803 unearned premiums fifty per cent 2583864 02 1913 premiums LOO per cent 104662 97 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 966063350 un earned premiums pro rata 5092503 49 9 Gross premiums less reinsurance cash anil bills received and receivable upon all unexpired inland navigation risks 49157351 unearned premiums fifty per cent 245706 76 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 7575107 unearned premiums 100 per cent 75751 07 11 Total unearned premiums as computed above 8102568 31 12 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received 186u27 67 13 Net premium reserve and all other liabilities except capita under the life insurance or any other special department 4578 77 18 Salaries rents expenses bills accounts fees etc due or accrued 4i17 34 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year f this statement 188303 56240 ComptrollerGenerals Report 20 Commissions brokerage and other charges due or to be come due to agents and brokers 61793 04 21 Return premiums 7147019 reinsurance premiums 236 85649 total 308126 68 23 All other liabilities viz Reserve for un known liabilities 20000 00 26 Total amount of all liailities except capital 9723246 05 29 Surplus as regards policyholders 4015972 92 30 Total liailities 13739218 97 VI Risks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last rears statement 1923087022 19617654 03 2 Written or renewed during the year 1441694892 11469376 40 4 Total 3364781914 34087030 43 5 Deduct those expired and marked off as terminated 1372225038 13824536 18 6 In force at the end of the year 7 Deduct amount reinsured schedule re quired 1992556876 if 20262494 25 571807848 532946 7 8 Net amount in force 1420749028 11933624 50 Business in the State of Georgia During the Year 28 Cross risks written 21694189 00 ess 39721157111 risks cancelled and 236183800 re insurance Incompaniea authorized in Georgia 6333895 00 Net risks written 15366294 00 296ross premiums on risks written 319862 60 Less 4764114 return premiums and 2137990 premiums for reinsurance in companies authorized in Georgia 6902 04 Net premiums received 250841 56 30 Losses paid deducting salvage 212389 71 Less losses on risks reinsured in companies authorized in Georgia 48591 75 Net losses paid 163797 96ComptrollekGkn eeals R kpobx 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net Josses incurred 241 130632 91 6017 25 136652 49 LONDON ASSURANCE CORPORATION OF LONDON ENGLAND Charles L Case United States Manager Harry 11 Sullivan Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 3835023 15 IIIncome 5 Gross premiums 4426767 19 6 Deduct gross amount paid for reinsurance fire 56076900 marine and inland 62688411 return premiums fire 49148905 marine and inland 36 33844 total 1715480 60 7 Total premiums other than perpetual 2711286 59 11 Gross interest on bonds and dividends on stocks less 126920 accrued interest on bonds acquired during 1912 126270 SO 12 Gross interest on deposits in trust com panies and banks 4391 04 13 Gross interest from all other sources viz Agents balances 211 45 17 Total gross interest and rents 130873 29 19 Received from home office 102754 39 28 Total income 2944914 27 IIIDisbursements 1 Gross amount paid policyholders for losses including 24583953 occurring in previous years 2099084 85 2 Deduct am6unt received for salvage fire 813433 marine and inland 7529808242 ComptrollerGexerals Report reinsurance fire 21314569 marine and inland 49234401 discount fire 34029 total 789262 4i 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 3435303 and expenses 3274679 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Kents 10 Advertising 713393 printing and stationery 2064935 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspection and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 243620 city and county licenses 578839 local taxes and fees 167682 total 23 Other disbursements Miscellaneous expenses 1253819 Eecovery Crown Prince 2633448 remitted ti home office 48209024 total 38 Agents balances charged off 1 9822 45 32064 37 536190 74 67099 82 136528 15 22901 81 27783 2s 19279 71 1161 54 5210 02 8670 22 28770 66 22642 17 9661 83 53661 60 11112 62 9901 41 521902 91 1885 24 41 Total disbursements 2825978 61 IVLedger Assets 4 Book value of bonds 316296884 and stocks 5417125 total 3217140 09 5 Cash in companys office 1313 01 fi Deposit in trust companies and banks not on interest 9935 30 7 Deposits in trust companies and banks on interest 172185 19 8 Agents balances representing business written subsequent to Oct 1 1912 533116 23 9 Agents balances representing business written prior to Oct 1 1912 20268 93 10 Total ledger assets 3953958 81ComptrollerGenerals Keport 243 NonLedger Assets J interest accrued on bonds 38369 97 24 Total 38369 97 28 Due from other companies for reinsurance on losses already paid viz losses 29551 57 Expenses 276 18 30 Gross assets 4022156 53 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 20268 93 38 Book value of ledger assets over market value viz bonds and stock net 136590 09 40 Cash not in control of trustees 65690 01 41 Total admitted assets 3799607 50 VLiabilities V 1 Gross losses adjusted and unpaid due 2284774 not yet due 944300 32290 74 2 Gross claims for losses in process of ad justment or in suspense plus 229200 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 428835 00 3 Gross claims for losses resisted 19026 00 4 Total 480151 74 5 Deduct reinsurance due or accrued 115363 00 6 Net amount of unpaid losses and claims 364788 74 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 1222 57084 unearned premiums fifty per cent 611285 42 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 255620666 un earned premiums pro rata 1377673 48 244 ComptrollerGenerals Beport 9 Gross premiums less reinsurance cash and bills received and receivable upon aJI unexpired inland navigation risks 2667775 unearned premiums fifty per cent 13338 88 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired risks 12760201 unearn ed premiums at 50 6380100 47 10607 unearned premiums at 100 10607 unearned premiums at 100 110907 07 11 Total unearned premiums as computed above 2113204 85 18 Salaries rents expenses bills accounts fees etc due or accrued 6081 52 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 69545 82 20 Commissions brokerage and other charges due or to be come due to agents and brokers 1 7278 64 21 Eetnrn premiums 4917 reinsurance premiums 60 41438 total 60463 55 26 Total amount of all liabilities except capita 29 Surplus as regards policyliolders 2631363 12 1168244 38 30 Total liabilities 3799607 50 VI Risks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 385592361 4182039 65 2 Written or renewed during the year 285734800 3135334 11 4 Total 671327161 7317373 76 5 Deduct those expired and marked oil as terminated 245106320 2794360 83 6 In force at the end of the year 426220835 4523012 93 7 Deduct amount reinsured schedule re quired 65568682 744235 43 8 Net amount in force 360652203 3778777 50 Business in the State of Georgia During the Year 28 Gross risks written i 1300779 00ComptrollerGenerals Eeport 245 Less 24470100 risks cancelled and 100000 reinsurance in companies authorized in Georgia 2435 01 00 Net risks written 1147078 00 29 Gross premiums on risks written 20832 20 Less 286623 return premiums and 682 premiums for reinsurance in companies authorized in Georgia 2859 41 Net premiums received J772 i Net losses paid S4 38 Net losses incurred 8071 38 LONDON AND LANCASHIRE FIEE INSURANCE COMPANY LTD OF LIVERPOOL ENGLAND Archibald G Mcllwaine Jr Manager ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 4465872 36 4 Extended at 4465872 36 IIIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 92939360 marine and inland 1425928 re turn premiums fire 64606869 marine and inland 3392770 1575462 29 Fire Marine and Inland 412316329 162034 87 Total premiums other than perpetual 254770100 Gross interest on bonds and dividends on stocks less 15169 accrued interest on bonds acquired during 1912 Gross interest on deposits in trust com panies and banks 14 On agents balances 15 On bills receivable 11 12 48186 98 113847 89 2661548 i 125582 24 14423 46 31 OS 29 42246 ComptrollerGexeral s Report 16 Gross rents from companys property in cluding 1150000 for companys occu pancy of its own buildings 23116 64 17 Total gross interest and rents 163182 8 19 Received from home office 252761 44 28 Total income 3077493 17 IIIDisbursements Fire Marine and Inland 1 Grose amount paid policy holders for losses in cluding 14589165 oc curring in previous years 1641292 80 36289 66 2 Deduct amount received for salvage fire 13 91562 marine and in land 204879 reinsur ance fire 45364245 marine and inland 33703 discount fire 64899 total 468207 06 7385 82 10 11 12 13 14 15 16 Net amount paid policy holders for losses 1173085 74 28903 84 1291889 581 Expenses of adjustment and settlement of losses 41477 50i Commissions or brokerage iiii 271 Allowances to local agencies for miscellaneous agency expenses 18508 98 Salaries 174701 and expenses 4908622 of special and general agents 106559 23 Salaries fees and all other charges of officers directors trustees and home office employees 141307 98 Rents including 1150000 for companys occupancy of its own buildings 27369 7m Advertising 708975 printing and stationery 25 53936 total 32628 1 I Postage telegrams telephone and express 19604 40 Legal expenses 11 22 60 Furniture and fixtures 1 5s 66 Maps including eorreel ions 2M 97 Underwriters Boards and Tariff Associations 44782 21 Fire department fire patrol and salvage corps assess ments fees taxes ami expenses 24617 17 1 nspeel ions and surveys 12456 2ii18 19 20 21 22 23 31 11 11 13 14 15 16 18 24 27 28 30 31 ComptrollerGenerals Report 247 Repairs and expenses other than taxes on real estate 10793 4 Taxes on real estate 6161 4 State taxes on premiums 62315 56 Insurance department licenses and fees 14621 oi All other licenses fees and taxes Federal corporation tax 381365 municipal taxes and licenses 887708 12690 73 Other disbursements Exchange 122861 subscriptions 141351 miscellaneous expenses 568915 total 8331 i Remitted to home office aS4 l Total disbursements 2863750 60 IVLedger Assets Book value of real estate 300000 00 Book value of bonds 309158734 and stocks 218500 total 3093772 34 Cash in companys office 9429 Deposit in trust companies and banks not on interest 4471 64 Deposits in trust companies and banks on interest 462159 18 Agents balances representing business written subsequent to Oct 1 1912 539821 04 Agents balances representing business written prior to Oct 1 1912 10496 58 Bills receivable taken for fire risks 2240 36 Gash in hands of United States trustees 252946 42 Balances due from other companies 4185 74 Due by special agents 91 99 Total ledger assets 4679614 93 NonLedger Assets Interest due 3075750 and accrued 16 45375 on bonds 47211 25 Total 4in 2 Other nonledger assets viz Reinsurance due on paid losses i491 Commission on unpaid reinsurance i 17 Gross assets 4733686 26 Deduct Assets Not Admitted Cash 47606046 and investments 286 33500 total 762395 46248 ComptrollerGexeral s Report 34 Agents balances representing business written prior to Oct 1 1912 10496 58 35 Bills receivable past due taken for ma rine inland and fire risks 941 44 37 Overdue and accrued interest on bonds in default 3000 00 38 Book value of ledger assets over market value viz Stocks and bonds 168867 34 39 Balances due from other companies 5 80 40 Due from special agents 91 99 945798 61 41 Total admitted assets 3787887 65 VLiabilities 1 Gross losses adjusted and unpaid due 2755700 not yet due 328200 30839 00 2 Gross claims for losses in process of ad justment or in suspense plus 650000 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that dnte 170316 36 Gross claims for losses resisted 29949 94 4 Totl 231105 30 5 Deduct reinsurance due or accrued 58629 28 i Net amount of unpaid losses ami claims 172476 02 7 Gross premiums less reinsurance receiv ed and receivable upon all un expired lire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 1507 92100 unearned premiums fifty per cent 753960 50 S Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 348032016 un earned premiums pro rata 1885442 16 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 11385891 unearned premiums fifty per cent 56929 46 11 Total unearned premiums as computed above 2696332 12ComptrollerGeneral s Beport 249 18 19 21 26 27 28 29 Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of tie year of this statement Return premiums 489033 reinsurance premiums 3 86694 total 680 00 57600 00 Total amount of all liabilities except capital 2935845 41 Deposit capital 200000 00 Surplus over all liabilities 652042 24 852042 24 Surplus as regards policyholders Total liabilities 3787887 65 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 594238491 5827875 54 Written or renewed during the year 422699847 4123163 29 Total 1016938338 9951038 83 Deduct those expired and marked off as terminated 387831810 3772126 99 28 In force at the end of the year 629106528 6178911 84 Deduct amount reinsured schedule re quired 117655560 1190670 68 Net amount in force 511450968 4988241 16 Business in the State of Georgia During the Year Gross risks written 4886539 00 Less 75866100 risks cancelled arnd 25569900 reinsur ance in companies authorized in Georgia 1014360 00 29 30 Net risks written 3872179 00 Gross premiums on risks written 63551 06 Less 690459 return premiums and 205599 premiums for reinsurance in companies authorized in Georgia 8960 58 Net premiums received 54590 48 Losses paid deducting salvage 27700 35 Less losses on risks reinsured in companies authorized in Georgia 18 81250 ComptbolleeGenebals Eepoet Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 27681 54 23696 11 26 81 23669 30 LUMBER FIRE INSURANCE COMPANY OF NEW YORK N Y G A Mitchell President R H McKelvey Secretary ICapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous year 928326 14 4 Extended at IIIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance five 15215652 return premiums fire 18570801 total 744966 34 37864 5 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust com panies and banks 27911 99 1584 66 17 Total gross interest and rents 25 From agents balances previously charged off 27 fivoss increase by adjustment in book value of ledger assets viz Bonds 928326 14 107101 81 29496 65 1956 19 294 58 28 Total income 438849 2i ITTDisbursements 1 Cross amount paid policyholders for losses including 4307757 occurring in pre vious years 2 Deduct amount received for salvage fire 340622 75ComptrollerGenerals Report 169706 reinsurance fire 112 92254 discount fire 24738 total 114866 98 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement for losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses paid by general agency 7 Salaries and expenses of special and general agents paid by general agency 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Kents 10 Advertising printing and stationery 8078 adminis tration other paid by general agency 12 Legal expenses 14 Maps including corrections paid by general agency 15 Underwriters Boards and Tariff Associations 16 Five department fire patrol and salvage corps assess ments fees taxes and expenses 20 State taxes on premiums 21 Insurance department licenses and fees 23 Other disbursements Auditing 167500 rent of safe deposit box 4500 fidelity bonds 40250 Commis sion on Bond Sale 5500 exchange and collection charges 2023 total 34 Paid stockholders for interest or dividends amount de clared during the year 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Bonds 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 4 Book value of bonds 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to October 1 1912 9 Agents balances representing business written prior to Oct 1 1912 659000 73 76099 76 160361 21 4514 40 16 Total ledger assets 251 225755 75 4046 88 156071 04 13002 00 1060 73 80 78 3093 49 3373 07 316 60 8234 89 4365 24 2197 73 40000 00 1982 74 3203 4 414 90 467199 27 899976 10252 ComptbollebGenebals Repobt NonLedger Assets 18 Interest accrued on bonds 6547 48 24 Total 0547 4S 30 Gross assets 906523 58 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 4514 40 38 Book value of ledger assets over market value 67560 73 72075 13 41 Total admitted iwb 834448 45 VLiabilities 1 Gross losses adjusted and unpaid not yet due 472 36 2 Gross claims for losses in process of ad justment or in suspense plus 350000 reserve for losses incurred prior to Dec 31 of which no notice had been received en that date 40127 13 4 Total 42599 49 5 Deduct reinsurance due or accrued 21s 2 6 Net amount of unpaid losses and claimsif 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from dale of policy including interest prem iums on perpetual fire risks 355 70408 unearned premiums fifty per cent 177852 04 8 Gross premiums less reinsuraiee receiv ed ami receivable upon all unexpired fire risks running more than one year from date of policy 9869766 un earned premiums pro rata 53147 24 33381 20 11 Total unearned premiums as contputed above 230999 28ComptbolleeGenekal s Hepoet 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 253 95 86 500 00 26 Total amount of all liabilities except capital 271976 34 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 162472 11 29 Surplus as regards policyholders 562472 11 30 Total liabilities 834448 45 VIBisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last yeors statement 49231277 00 692516 04 2 Written or renewed during the year 56135210 00 744966 34 4 Total 105366487 00 1437482 38 5 Deduct those expired and marked off as terminated 57179393 820005 74 6 In force at the end of the year 48187094 00 617476 64 7 Deduct reinsurance schedule required 9555506 00 163074 90 8 Net amount in force 38631558 00 454401 74 Business in the State of Georgia During the Year 28 Gross risks written 329273 00 Less 9219700 risks cancelled and 865000 reinsurance in companies authorized in Georgia 3 00847 00 Net risks written 228426 00 29 Gross premiums on risks written 0450 02 Less 180952 return premiums and 27715 premiums for reinsurance in companies authorized in Georgia 2086 67 Net premiums received Xet losses paid Net losses incurred 4363 35 1750 29 2050 29254 ComptrollerGeneral s Report THE LUMBER MUTUAL INSURANCE COMPANY OF BOSTON MASSACHUSETTS George W Gale President Harry E Stone Secretary F Wade Vaughan Attorney for Service in Georgia Capital stock 2 Amount of ledger assets as per balance December 31 of previous year 675087 31 4 Extended at 675087 31 If Income 5 Gross premiums 6 Deduct gross amount paid for return prem iums fire 7 Total premiums other than perpetual 11 Gross interest on bonds less 89709 ac crued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 14 Interest on over due premiums 485946 26 61841 30 24750 82 3511 63 1 69 17 Total gross interest 19 From Gale and Stone Agents 25 Prom agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 27 Gross increase by adjustment in book value of ledger assets viz Bonds 124104 96 28264 14 inmho 00 9 11 L50 88 621 26 28 Total income 472153 35 TTTDisbursements 1 Gross amount paid policyholders for Losses including 567793 occurring in pre vious years 2 Deduct amount received for discount fire 1461177 06 279 L6 3 Net amount paid policyholders for losses 145797 90 I Expenses of adjustment and settlement of losses 216 44 5 Commissions or brokerage 22657 16 6 Allowances to local agencies for miscellaneous agency 2 32fi 70 expenses tou mComptrollerGenderal s Report 255 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Kents 10 Advertising 39876 printing and stationery 189034 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 54445 various municipal taxes 17507 Ga Ind Me N Y and Ohio publication of statements 16373 Cal Ga and 111 special taxes 7525 23 Other disbursements Subscriptions to publications 33160 collecting bad bills 720 premium on surety bonds and working mens compensation policy 34744 auditing of accounts 49607 expense of com panys meetings 32150 expense of attending various meetings 31686 all other disbursements 85893 34 Dividends to polieyholders 38 Agents balances charged off 39 Check charged to suspense account paid 3911 Gross loss on sale or maturity of ledger assets viz Bonds 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 4 Book value of bonds 634230 07 5 Casli in companys office 854 88 7 Deposits in trust companies and banks on interest 102609 15 8 Agents balances representing business written subsequent to October 1 1912 17738 23 9 Agents balances representing business written prior to Oct 1 1912 15 90 16 Total ledger assets NonLedger Assets 18 Interest accrued on bonds 41132 40 21 International Trust Co special acct 175 00 37452 66 3631 32 2289 10 1056 92 154 76 580 27 237 23 5575 86 6729 24 1374 00 958 50 2679 60 157600 45 34 09 4 95 7 25 428 03 391792 43 755448 23 256 ComptrollerGenerals Report 24 Total 28 Amount due from Gale and Stone agts 29 Cash held for agency expenses 30 Gross assets 4807 40 L2639 15 715 7 773610 56 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 38 Book value of ledger assets over market value 39 Amount due from Gale and Stone agts 15 90 15090 07 12639 15 41 Total admitted assets 27745 12 745865 44 VLiabilities Gross claims for losses in process of ad justment or in suspense Gross claims for losses resisted Total Net amount of unpaid losses and claims 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 407 76951 unearned premiums fifty per cent 1 2714 II 1000 00 13754 01 203884 7ri 11 18 19 26 28 29 30 Total unearned premiums as computed above Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Total amount of all liabilities except capital Surplus over all liabilities 522447 73 Surplus as regards policyholders Total liabilities 13754 01 203884 70 91 89 50S7 05 223417 71 522447 73 745805 44ComptrollerGenerals Report 257 VIBisks and Premiums Five Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 16539492 00 377884 95 2 Written or renewed during the year 21146234 00 485946 26 4 Total 37785726 00 86383121 5 Deduct those expired and marked off as terminated 19597814 00 456061 70 6 In force at the end of the year 18187912 00 407769 51 Business in the State of Georgia During the Year 28 Gross risks written s3 900 00 Less risks cancelled 92719 34 Net risks written 239180 66 29 Gross premiums on risks written 11331 53 Less return premiums 2333 67 Net premiums received 8997 86 Net losses paid 1281 16 Net losses incurred 1 328 95 LUMBER UNDERWRITERS OF NEW YORK N Y Eugene F Perry Attorneyinfact Win A Wright 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 255024 17 4 Extended at 255024 17 IITncome 5 Gross premiums 517688 30 6 Deduct gross amount paid for reinsurance fire 17638405 return premiums fire 9639854 total 272782 59258 ComitroukkGexerals Eepori 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks 350 00 12 Gross interest on deposits in trust com panies and banks 5405 39 244005 71 28 Total income 250661 10 HIDisbursements 1 Gross amount paid policyholders for losses including 2538957 occurring in pre vious years 237845 46 2 Deduct amount received for salvage five 83543 reinsurance fire 8551470 86350 13 Xet amount paid policyholders for lossesi t Expenses of adjustment and settlement of losses 5 Commissions or brokerage n Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 12 Legal expenses 16 Fire department fire patrol and salvage carps assess ments fees taxes and expenses 20 State taxes on premiums 21 Insurance department licenses and fees 24 Expense of quarterly audit 25 General expense 4 Paid underwriters for dividends 38 Agents balances charged off 151495 33 1580 34 17262 43 47037 00 1000 00 4009 21 5 27 04 403 55 1662 13 650 00 550 00 1181 42 18077 55 918 85 41 Total disbursements 246354 87 IVLedger Assets 4 Look value of bonds 10000 00 6 Deposit in trust companies and banks not on interest 10788 46 7 Deposits in trust companies and banks on interest 7 052 42 s Agents balances representing business written subsequent to Oct I 1912 67132 69 9 Agents balances representing business written prior to Oct 1 1912 150 s 16 Total ledger assets 259330 40ComptrollerGenerals Report NonLedger Assets 18 Interest tine on bonds 17500 24 Total 27 Other nonledger assets Losses due from reinsurance companies 28 Commission accrued 29 Dividends On Mutual Reins accrued 30 Gross assets 34 II Deduct Assets Not Admitted Agents balances representing business written prior to Oct 1 1912 156 83 Total VLiabilities Gross claims for losses in process of ad justment or in suspense 23149 00 Net amount of unpaid losses and claims Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of policy 24627197 unearned premiums fifty per cent 123135 98 11 18 Total unearned premiums as computed above Salaries rents expenses bills accounts fees etc due or accrued Reinsurance premiums 21 26 27 28 29 Surplus as regards policyholde 30 259 i oo 4378 27 190 79 1267 57 265342 03 2i5lsi 20 23149 00 12 135 98 4715 49 3187 22 7otal amount of all liabilities except capital 1541S7 69 Capital actually paid up in cash 100000 in Surplus over all liabilities 10997 51 1 11997 51 Total liabilities 265185 20 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 14512650 00 237660 02 Written or renewed during the year 31271586 00 517688 3060 COMPTROLLfiRGrENERALS REPORT 4 Total 45784236 00 755348 32 5 Deduct those expired and marked off as 6 In force at the end of the year 25335630 00 394372 69 6 In force at the cud of the year 25335630 00 304372 69 7 Deduct reinsurance schedule required 9846888 00 148100 73 8 Net amount in force 15488742 00 246271 96 Business in the State of Georgia During the Year 28 Gross risks written 370648 00 Less 17846000 risks cancelled and 5600000 reinsur ance in companies authorized in Georgia 214460 00 Net risks written 136188 00 29 Gross premiums on risks written 9 203 27 Less 240484 return premiums and 177155 premiums for reinsurance in companies authorized in Georgia 4176 39 Net premiums received 5026 s 30 Losses paid deducting salvage 3 543 38 Less losses on risks reinsured in companies authorized in Georgia 094 34 Net losses paid o 449 94 31 Losses incurred 2996 97 Less losses on risks reinsured in companies authorized in Georgia 990 14 Net losses incurred 2006 83 LUMBERMENS MUTUAL FIRE INSURANCE COMPANY OF MANSFIELD OHIO B s Nail President W II G Kegg Secret LCapital Stock 2 Amounl of ledger assets as per balance December 31 of previous year 535495 73 i Extended at 535495 7311 12 13 17 35 28 ComptrollerGexerae s Eeport I fIncome Gross premiums 459748 60 Deduct gross amount paid for return prem iums fire 54025 53 Total premiums other than perpetual Gross interest on mortgage loans less 13916 accrued interest on mortgages acquired during 1912 2985 84 Gross interest on bonds and dividends on stocks less 22044 accrued interest on bonds acquired during 1912 17983 77 Gross interest on deposits in trust com panies and banks 31 8 82 Gross interest from all other sources viz On overdue premiums 20 15 Total gross interest and rents From agents balances previously charged off Total income 231 1IIDisbursements 1 Gross amount paid policyholdeTS for losses including 607709 occurring in pre vious years 142563 67 2 Deduct amount received for discount fire 245 82 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 8 Salaries fees and all other charges of officers directors trustees and home office employees 10 Advertising 175473 printing and stationery 95167 11 Postage telegrams telephone and express 12 Degal expenses 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 10689 local 74127 total 405723 07 21308 58 2823 427059 88 142317 85 742 44 27260 39 26918 41 2706 40 1112 12 869 95 50 00 827 15 7743 07 823 39 135 13 4191 12 1627 11 848 16262 ComptbollerGenebalis Report 23 Other disbursements Traveling expenses 143594 directors meetings 75531 office 175074 general 211986 606 85 4 Paid policyholders for interest or dividends amount de clared during the year 152409 40 39 Gross loss on sale or maturity of ledger assets viz Bonds 350 80 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 291340 storks 17401 total il8 20 41 Total disbursements 380142 14 TVLedger Assets 1 Book value of real estate 23700 00 2 Mortgage loans on real estate 49500 00 4 Book value of bonds 41193815 and stocks 4972500 total 461663 15 5 Cash in companys office 717 75 6 Deposit in trust companies and banks not on interest 9233 4 7 Deposits in trust companies and banks on interest 15070 17 8 Agents balances representing business written subsequent to October 1 1912 2246 01 9 Agents balances representing business written prior to Oct 1 1912 67 05 XonLedger Assets I i Total ledger assets 5s4 17 17 Tntcrets accrued on mortgages 198 04 18 Interest accrued on bonds 492 92 24 Total 512 56 26 Market value not including interest in item 18 of bonds and stocks over book value 3796 51 30 Gross assets iit 1 1 4 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 67 05 41 Total admitted assets 591 264 49 COMPTROLLERGrEXERAL s KEPORT VLiabilities 263 Gross losses adjusted and unpaid not yet due 190S5 00 Net amount of unpaid losses and claims 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 390 0338 unearned premiums fifty per cent 193051 69 11 17 18 19 20 21 26 28 Total unearned premiums as computed above Dividends declared and unpaid to pqlicyholders Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Commissions brokerage and other charges due or to be come due to agents and brokers Return premiums 19085 00 195051 69 2509 51 200 00 5000 00 1178 04 584 12 Total amount of all liabilities except capital 223608 36 Surplus over all liabilities 367656 13 30 Total liabilities 591264 49 Yl Risks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 16390895 00 365706 13 Written or renewed during the year 20474658 00 459748 60 Total 30865553 00 Deduct those expired and marked off as terminated 19134011 00 825454 73 435351 35 6 In force at the end of the year 17731542 00 390103 38 28 Business in the State of Georgia During the Year Gross risks written 240900 00 Less risks cancelled 62850 00 Net risks written 178050 00264 ComptrollerGenerals Report 29 Gross premiums on risks written 8256 94 Less return premiums 1663 14 Net premiums received 6593 20 Net losses paid 850 50 Net losses incurred 850 50 MASSACHUSETTS FIRE AND MARINE INSURANCE COMPANY OF BOSTON MASSACHUSETTS Everett Benton President Walter AHard Secretary lames L Dickey Jr 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 1190950 52 I Extended at 1190911 12 IIIncome 5 Gross premiumsi 07224 47 6 Deduct gross amount paid for reinsurance fire 5101009 marine and inland 1790i7l return premiums fire 80 71801 marine and inland 2607920 175714 09 7 Total 11 rein inn is other than perpetual 11 Gross interest on bonds and dividends on stocks less 38960 accrued interest on bonds acquired during 1912 37806 30 12 Iross interest on deposits in trust com panies and banks 1832 02 II nteresl on Philadelphia Fire Underwriter deposit 6 30 17 Total gross interest and rents 20 liross profit on sale or maturity of ledger assets viz Bonds 10871 slocks 69498 total 27 Gross increase by adjustment in book value of ledger assets viz Bonds 131110 3s 3901 62 863 73 791 SI 28 Total income 172si n IS om ptrollekGtenebals Report 255 11TDisbursements Fire Marine and Inland Gross amount jjaid policy holders for losses includ ing fire 3656207 ma rine 243245 occurring in previous years 221321 45 32902 09 Deduct amount received for salvage fire 1 07122 marine and in land 454094 reinsur ance fire 2978355 marine and inland 29409 discount fire 1532 30870 09 5835 03 Net amount paid policy holders for losses 195451 36 27067 06 Expenses of adjustment and settlement of losses onimissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 1222484 and expenses 408095 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 367603 printing and stationery 555428 Postage telegrams telephone and express 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 State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes City taxes 63842 city licenses 93665 total Other disbursements Insurance 15406 Alfred M Best Co subscription 2000 Underwriters Protective Assn subscription 20000 R G Dunn Go sub scriptions 24000 Alfred M Best Co subscription Ky Barings 500 miscellaneous 23947 total Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements 9 10 11 13 14 15 16 17 20 21 99 40 222518 42 3946 37 136819 90 200 49 16305 79 30042 59 6498 84 9230 31 2601 97 1137 82 1509 58 3808 75 4992 46 2289 33 4639 01 1979 00 1575 07 858 53 1343 81 452298 04266 CoMPTROIiLEBGbENEKALS REPORT 1 VLedger Assets 3 Loans secured by pledge of bonds stocks or other collateral 50000 00 4 Book value of bonds 82556551 and stocks 28228823 total 1107833 74 5 Cash in companys office 39 7 Deposits in trust companies and banks on interest 58011 81 8 Agents balances representing business written subsequent to Oct 1 1912 93317 66 9 Agents balances representing business written prior to Oct 1 1912 1524 46 16 Total ledger assets L311 4i 06 NonLedger Assets is nterest accrued on bonds 8446 33 19 Interest accrued on collateral loans 240 2s 21 Interest on special bank deposits see statement 134 4v 21 Total 8823 08 2i Market value not including interest in item IS of bonds and stocks over book value 19097 26 30 dross assets 1339381 40 Deduct Assets Not Admitted 34 Agents balances representing business written prim to Oct l 1912s 1524 46 1524 4 41 Total admitted assets 1337856 94 VLiabilities 1 Gross losses adjusted and unpaid fire 1309000 marine 214478 total 11234 78 2 Gross claims for losses in process of ad justment or in suspense plus tire 5 96925 reserve for losses incurred prior to December 33 of which no notice Had been received on that date 43553 00 1 Total 58785 7sComptrollerGenerals Report 267 5 Deduct reinsurance due or accrued fire 349390 marine 880 total 3502 70 6 Net amount of unpaid losses and claims 55283 08 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 279 73121 unearned premiums fifty per cent 139865 61 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 29404544 un earned premiums pro rata 198788 03 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 12125984 unearned premiums 50 per cent 60629 92 11 Total unearned premiums as computed above 399283 56 18 Salaries rents expenses bills accounts fees etc due or accrued 2476 19 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 7605 75 26 Total amount of all liabilities except capita 464648 58 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 373208 36 29 Surplus as regards policyholders 873208 36 30 Total liabilities 1337856 94 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 dajT of December as per line 5 under this heading in last years statement 45891667 Oil 460329 87 2 Written or renewed during the year 53550142 10 538899 05 4 Total 99441809 00 999228 92 5 Deduct those expired and marked off as termniated 35184011 00 4504 38268 ComptrollerGenerals Report In force at the end of the year 83957798 00 644724 54 7 Deduct reinsurance schedule required 7590226 00 70947 59 8 Net amount In force 56367572 00 573776 65 Business in the State of Georgia During the Year 28 Gross risks written 457635 00 Less 25738500 risks cancelled and 9245000 reinsur ance in companies authorized in Georgia 349 35 00 Net risks written 1107800 00 29 Gross premiums on risks written 21889 t Less 335420 return premiums and 100809 premiums for reinsurance in companies authorized in Georgia 4362 29 Met premiums received 1752i 15 30 Losses paid deducting salvage 3079 59 31 Losses incurred 4368 30 Less losses on risks reinsured in companies authorized in Georgia 100 00 Net losses incurred 4268 30 MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE R I H T Grant President Alfred IT Eddy Secretary W A Wright Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 246195 40 4 Extended at 24C19i 40 TTTncome i Gross premiums 274707 19 6 Deduct gTOSS amount paid for return premiums fire 13973 54 7 Total premiums other than perpetual 260731 H5 11 Gross interest on bonds and dividends on stocks 13662 50 12 Gross interest on deposits in trust com panies and banks 429 91ComptrollerGenerals Kef OiT 2m 16 Gross rents 19 Dividend on reinsurance 20 Contribution for other companys 28 Total income 887 50 ITS 00 600 00 276491 56 I iDisbursements 1 Gross amount paid policyholders for Josses 16330 so 2 Deduct amount received for salvage 31 21 9 10 1 1 12 13 16 17 20 21 99 24 25 33 40 Net amount paid policyholders for losses 16299 65 Commissions or brokerage interest accrued on stock 14 13 Salaries 140000 and expenses 94500 of special and general agents 2345 00 Salaries fees and all other charges of officers directors trustees and home office employees 17579 02 Rents 2135 50 Advertising 3980 printing and stationery 89053 930 33 Postage telegrams telephone and express 1323 50 Legal expenses 167 11 Furniture and fixtures 661 44 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 62 00 Inspections and surveys 3822 00 State taxes on premiums 2931 60 Insurance department licenses and fees 433 07 All other licenses fees and taxes Federal corporation tax 1937 01 City taxes 729 1 Office incidental 74 is Subscription books papers typwting 261 47 Deposit premiums returned 219 202 58 Gross decrease by adjustment in book value of ledger assets viz Bonds 110 64 41 Total disbursements 270019 34 IVLedger Assets 4 Book value of bonds 3882500 and stocks 18605200 total 224877 00 5 Cash in companys office 19 97 7 Deposits in trust companies and banks on interest 16360 81270 ComptrollerGenerals Eeport fi Agents balances representing business written subsequent to October 1 1912 10429 81 16 Total ledger assets 251667 62 NonLedger Assets 18 Interest bonds 1145 83 24 Total 26 Market value not including interest in item 18 of bonds and stocks over book value SO dross assets 1145 83 6123 00 258931 45 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 1680 00 7 Cross 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 128744 41 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 5973 97 11 Total unearned premiums as computed above 13471s 3s 18 Salaries rents expenses bills accounts fees etc due or accrued 1 86 54 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 5393 70 26 Total amount of all liabilities except Capitalif 28 Surplus overall liabilities ifi 116457 S3 29 Surplus as regards policyholders 30 Total liabilities 1 1217s 62 116457 si 258936 15 VIRisks and Premiums 1 Tn force on the 3 day of December as per line 5 under this heading in last years statement 29282320 00 2 Written or renewed during the year 32450892 00 252iis7 38 271707 19ComptrollerGenerals Report 271 4 Total 61733212 00 526795 57 5 Deduct those expired and marked off as terminated 310111585 00 257585 98 8 Xet amount in force 31621627 00 269208 59 Business in the State of Georgia During the Year 28 Gross risks written 1283859 00 I ess risks cancelled 406693 00 Net risks written 877166 00 29 Gross premiums on risks written 9421 37 Less return premiums 1818 07 Net premiums received 7607 30 Net losses incurred 1466 09 MILWAUKEE MECHANICS INSURANCE COMPANY OF MILWAUKEE WISCONSIN William L Jones President Oscar Griebling Secretary Home Office 442 and 444 City Hall Square Wilwaukee Wis Charles S Matthews Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 4482832 66 4 Extended at 4482832 66 11 1 ncome 5 Gross premiums 2824363 41 li Deduct gross amount paid for reinsurance fire 39913357 return premiums fire 47702817 total 876161 74 7 Total premiums other than perpetual 1948201 67 9 Gross interest on mortgage loansf 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 263878 accrued interest on bonds acquired during 1912 87451 72 145 88 92301 2927 12 14 15 16 17 25 26 ComptrollerGenerals Report Gross interest on deposits in trust com panies and banks Board of Fire Underwriters deposit Notes Gross rents from companys property in cluding 320000 for companys oc cupancy of its own buildings 1392 47 7 68 3 66 4044 40 Total gross interest and rents From agents balances previously charged off Gross profit on sale or maturity of ledger assets viz Bonds Gross increase by adjustment in book value of ledger assets viz Bonds 185347 10 188 46 4078 43 2980 00 I Total income 1IIDisbursements Gross amount paid policyholders for losses including 20592392 occurring in pre vious years 1848029 41 Deduct amount received for salvage fire 1608111 reinsurance fire 21071050 discounts fire 179122 total 237632 83 2141795 16 8 ft 10 11 12 13 14 15 16 17 18 10 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 5520511 and expenses 3761302 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Kents including 320000 for companys occupancy of its own buildings Advertising 172610 printing and stationery 12 33077 Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps including corrections Underwriters boards and arif associations Fire department fire patrol and salvage corps assess meats fees taxes and expenses Inspections and surveys Repairs and expenses other than taxes on real estate Taxes on real estate State taxes on premiums 1116306 58 37494 81 474338 15 02IfO 03 92906 io 770s 2S 11056 96 18231 16 576 84 2700 17 5860 17 3610 99 18996 61 18535 58 1015 97 1214 59 58046 5s ComptrollerGenerals Repokt 273 21 Insurance department licenses and fees 16134 78 22 All other licenses fees and taxes Municipal taxes 2 01186 municipal licenses 554942 U S Corpora tion tax 48873 total 8050 01 23 Other disbursements Expense on securities 22625 exchange 275470 heating lighting and cleaning office water towels and ice 277034 auditing 1 48955 interest paid Reinsurance Co on reserve fund 382042 interest paid on borrowed money 126665 Newspaper subscriptions 13220 mercantile agencies 161500 surety bonds 47085 gifts and donations 15545 entertaining agents 54099 meals 45490 Funeral expenses 10400 business associations 4500 total 15846 30 34 Paid stockholders for interest or dividends amount de lared during the year 120445 20 37 Decrease in liabilities during the year on account of re insurance treaties 157488 95 38 Agents balances charged off 1520 02 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 2954208 stocks 96000 total 30502 08 41 Total disbursements 2308715 60 IVLedger Assets 1 Book value of real estate 52825 00 2 Mortgage loans on real estate1 first jins 1799800 00 4 Book value of bonds 188396000 and slocks 4540000 1929360 00 5 Cash in company a office 6464 73 7 Deposits in trust companies and banks on interest 181232 86 8 Agents balances representing business written subsequent to Oct 1 1912 331257 08 9 Agents balances representing business written prior to Oct 1 1912 8488 67 12 Other ledger assets Deposit Milwaukee Board of Fire Underwriters 1 00 00 13 Due from Reinsurance Co 5384 38 16 Total ledger assets 4314912 72 NonLedger Assets 17 Interest accrend on mortgages 26431 12 18 Interest accrued on bonds 14729 49274 ComptrollehGenebaIjs Bepoet 24 Total 41160 61 30 Gross assets 4356073 33 Deduct Assets ISot Admitted 34 Agents balances representing business written prior to Oct 1 1912 8488 67 41 Total admitted assets 4347 584 66 VLiabilities J Gross losses adjusted and unpaid not yet due 60218 23 2 Gross claims for losses in process of ad justment or in suspense including all reported and supposed losses 145471 38 3 Gross claims for losses resisted 8848 20 4 Ttal 214537 SI 5 Deduct reinsurance due or accrued 50139 50 Net amount of unpaid losses and claims L64 398 il 7 Gdoss 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 Are risks 98383033 unearned premiums fifty per cent 491915 16 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 345248799 un earned premiums pro rata 1766465 69 18 Salaries rents expenses bills accounts fees etc due or accrued 30000 00 19 Estimated amount hereafter payable for federal stale and other taxes based upon the business of the year of this statement 7d qqq qq 24 Reserved for dividends 30 000 HO 25 Due reinsurance companies 15 035 40 2 Total amount of all liabilities except capital 2567 814 ii2 27 Capital actually paid up in cash IOOOoim 00 28 Surplus over all liabilities 779770 04ComptrollerGenerals Beport 275 29 Surplus as regards policyholders 1779770 04 30 Total liabilities 4347584 66 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 487221789 00 5275219 66 2 Written or renewed during the year 253496728 00 2824363 41 4 Total740718517 00 8099583 07 5 Deduct those expired and marked off as terminated 262965427 00 3006989 06 6 In force at the end of the year477753090 00 5092594 01 7 Deduct amount reinsured schedule re quired 54614600 00 656275 69 8 Net amount in force423138490 00 4436318 32 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN Tames Nichols President G H Tryon Secretary Home Office 95 Pearl Street Hartford Connecticut Hugh T Powell Atlanta Attorney for Service in Georgia LCapita Stock 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 11486075 52 3 Increase of paid up capital during the year 1000000 00 4 Extended at 12486075 52 IIIncome 5 Gross premiums 12222388 47 6 Deduct reinsurance 276380467 and re turn premiums 164865838 total 4412463 05 7 Total premiums other than perpetual 7809925 42 9 Gross interest on mortgage loans less 1276 omptrollehGenebals Report 29851 accrued interest on Mortgages acquired during 1912 97490 55 11 Gross interest on bonds and dividends on stocks less 3345491 accrued interest on bonds acquired during 1912 373662 68 12 Gross interest on deposits in trust com panies and banks I 3670 92 14 Interest on bills receivable 620133 inter est on deposit relaw suit 1634 6217 17 I Interest on deferred payments German Fire Ins Co 11217 Osage Fire Ins Co 12048 interest on certilcates of depositbank accounts now closed 19264 total 1425 29 16 Gross rents from companys property in cluding 2000000 for companys occu pancy of its own buildings 38517 18 17 Total gross interest and rents 530990 29 15 From all other sources Conscience fund 192600 par ticipation on reorganization Toledo Traction Co 49790 new stock issue 10000 shares at 22500 capital 100000000 125000000 checks issued in previous years not presented at banks 5485 1252478 71 24 Increase in liabilities during the year on account of re insurance treaties 54 60 43 21 Fromagents balances previously charged off 815 6 26 Gross profit on sale or maturity of ledger assets viz Real estate 70901 bonds 35032 stocks 3605908 S7179 03 28 Total income 9685549 60 ITTDisbursements 1 Gross amount paid policyholders for losses including 35989977 occurring in pre vious years 5468692 i 2 Deduct amount received for salvage 29 72378 and for reinsurance in other companies 1409781 total 1570721 19 i Net amount paid policyholders for losses 3 897970 71 1 Expenses of adjustment and settlement of losses 49 134 27 Commissions or brokerage 1 352 406 4 6 Allowances to local agencies for miscellaneous agency expenses 809902 31 8 Salaries fees and all other charges of officers directors trustees and home office employees 208 396 85ComptrollerGenerals Report t i 9 Rents including 2000000 for companys occupancy of its own buildings 10 Advertising 3403498 printing and stationery 57 97519 total J1 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 207346 tax on capital stock Connecticut 35 07780 tax for increasing capital stock 100000 city and county taxes 77965 state county and city licenses and fees 1237146 personal property tax and other taxes licenses fees 909217 total 23 Other disbursements traveling expenses 508664 office expenses 610862 miscellaneous expense re insurance of Delaware Fire Ins Co 780353 mis cellaneous expense reinsurance of German Fire Ins Co 1757742 guaranty for subscription to new capital stock 2500000 mercantile reports 315475 prem iums on surety bonds 49499 other miscellaneous ex pense 93605 32 Interest paid on uninvested re serves of reinsuring companies 172496 total 34 Paid stockholders for interest or dividends amount de clared during the year 24443000 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Peal estate 216735 bonds 3054967 stocks 4 56000 total 46240 44 92010 17 65359 75 9064 26 33168 30 132S2 43 104230 M 52439 79 14501 45 589 4S 8029 79 140901 60 31309 07 60394 54 67886 96 255442 12 1991 00 37277 02 41 Total disbursements Sf 7419426 1 1 IVLedger Assets 1 Book value of real estate 622978 ri 2 Mortgage loans on real estate first iens 1685800 00 4 Book value of bonds 895072441 stocks 101050816 total 9961232 57 5 Cash in company s office 622 35278 ComptrollerGenerals Eeport 6 Deposit in trust companies and banks not on interest 168348 1 6 7 Deposits in trust companies and banks on interest 1168762 28 8 Agents balances representing business written subsequent to Oct 1 1912 902616 72 9 Agents balances representing business written prior to Oct 1 1912 23451 63 11 Bills receivable taken for fire risks 163724 33 12 Other ledger assets viz cash in branch offices Chicago 27800 Omaha 85518 New Orleans 215781 total 4290 99 13 Advances to special agents 1426319 due from other insurance companies 4359253 total 57855 72 14 Bills receivable taken for agents balances 3315 70 15 Loans on personal security 9000 00 16 Total ledger assets 14752199 01 NonLedger Assets 17 Interest due 30500 and accrued 31 14673 on mortgages 31451 73 IS Interest on bonds 125520 06 24 Total 1 727 79 25 Market value of real estate ever book value 6538 93 26 Market value not including interest in item IS of bond and stocks over book value 152247 34 30 Gross assets 15068257 07 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 23451 63 35 Bills receivable past due taken for ma rine inland and five risks 35553 64 36 Inans on personal security endorsed or not and bills receivable taken for agents balances 12315 70 39 Advances to special agents 14263 19 85584 16 41 Total admitted assets 14982672 91ComptrollerGenerals Report 279 VLiabilities 1 Gross losses adjusted and unpaid not yet due 106037 22 2 Gross claims for losses in process of ad justment or in suspense plus 2572101 reserved for losses incurred prior to December 31st of which no notice had been received on that date 833398 28 3 Gross claims for losses resisted 62041 31 4 Total 1001476 81 5 Deduct reinsurance due or accrued 415180 78 6 Net amount of unpaid losses and claims 586296 03 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 4151 72813 unearned premiums fifty per cent 2075864 07 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 1118918606 un earned premiums pro rata 5787062 63 11 Total unearned premiums as computed above 7862926 70 18 Salaries rents expenses bills accounts fees etc due or accrued 50000 CO 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 225000 00 20 Commissions brokerage and other charges due or 1o be come due to agents and brokers 7085 01 23 All other liabilities viz Investments held for reinsur ing companies 54160 43 24 Special reserve fund covering all contingent liabilities 300000 00 26 Total amount of all liabilities except capital 9085468 17 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 3897204 74 29 Surplus as regards policyholders 5897204 74 30 Total liabilities I 1982672 91280 ComptrollerGeneraLs Kepoet VIRisks and Premiums Fire Risks Premiums Thereon t In force on the 3 day of December as per line 5 under this heading in last years statement 1578314247 17186292 1 2 Written or renewed during the year 1236658365 12222388 17 3 pxcess of original premiums over amount received for reinsurance 437 966 83 Total 2814972612 29896647 48 5 Deduct those expired and marked off as terminated 1030220274 11191773 51 6 In force at the end of the year 1784752338 18704873 97 7 Deduct amount reinsured schedule re lired 335312203 3363959 7S 8 Net miHint in force 1449441135 1534li9H In Business in the State of Georgia During the Year 28 Gross risks written 12614 262 00 Less 267845600 risks cancelled and 80105200 reins in authorized companies in Georgia 3 479 508 00 Net risks written j p 134 54 qo 29 Gross premiums received 114536 38 Iess 1574686 return premiums and 496943 premiums for reinsurance in authorized companies in Georgia 20 715 29 Net premiums received 93821 09 30 Losses paid deducting salvage 88189 62 Less losses on risks reinsured in companies authorized in Georgia 5453 20 x sss paid1 82736 42 31 Losses incurred go on 09 Less losses on risks reinsured in companies authorized in Georgia t21 n Net losses incurred 499 51ComptrollerGeneral s Reporj 281 NATIONALE FIRE INSURANCE COMPANY OF PARIS FRANCE United States Managers Starkweather Shepley Inc Office of United States Manager 17 Custom House Street Providence Rhode Island Wra A Wright Atlanta Attorney for Service in Georgia I Deposit Capital 2 Amount of ledger assets as per balance December 31 of previous year 626811 86 11 Income 6 Gross premiums 691915 HI 7 Deduct amount paid for reinsurance fire 33896751 return premiums fire 13849922 total 477466 73 8 Total premiums other than perpetual 214448 31 12 Gross interest on bonds and dividends on stocks 21940 00 13 Gross interest on deposits in trust com panies and banks 1268 05 14 Gross interst from all other sources From Phenix Fire Insurance Co for interest under reinsurance treaty 110 7 From cash deposited with Philadelphia Underwriters Assn 2 89 18 Total interest and rents 21321 67 30 Total income 237759 98 IITDisburse in cuts 1 Gross amount paid policyholders for losses including 4422247 occurring in pre vious years 31 7495 94 2 Deduct amount received for salvage Are 230627 reinsurance fire 20084218 discount fire 21046 total 203358 91 3 Net amount paid policyholders for losses 114137 03 4 Expenses of adjustment and settlement of losses 1335 14 5 Commissions or brokerage 60697 42 8 Salaries fees anil all other charges of officers directors trustees ami home office employees 41 25282 ComptrollerGenerals Keport 10 Advertising 19716 printing ami stationery 151 198 17 15 Underwriters Boards and Tariff Associations 1306 28 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 1265 49 20 State taxes on premiums 2682 04 21 Insurance department licnses and fees 2023 09 22 All other licenses fees and taxes Federal corporation tax 271 11 780 81 23 Other disbursements Remittance to home office 40 00000 surety bonds 16082 paid for interest on de posit to Phenix Fire Ins Abeille Fire Ins Co under reinsurance treaty 49167 auditing books 5625 Phenix Fire Insurance Co for working account 4 00000 total 44708 74 39 Total disbursements 229465 70 IVLedger Assets 4 Hook value of bonds 524SS0 00 7 Deposits in trust companies and banks on interest 59612 07 8 Agents balances representing business written subsequent to Oct 1 1912 50524 07 13 Cash deposited with Philadelphia Under writers Assn loo oo 16 Total ledger assets 635 116 14 NonLedger Assets Is tnterest accrued on bonds 6798 33 24 Total 6798 33 30 Gross assets 641914 47 Dedud Assets Not Admitted 38 Hook value of tedgei assets over market value viz 3990 00 3990 00 41 Total admitted assets 637924 47ComptrollerGeneral s Report 283 VLiabilities Gross losses adjusted and unpaid not let due Gross claims for losses in process of ad justment or in suspense plus 180601 reserve for losses incurred prior to December 31 of which no notice had been received on that date Gross claims for losses resisted 9838 40 30318 46 8700 00 Total Deduct reinsurance due or accrued 48856 86 28668 37 Met amount of unpaid losses and claims Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of policj including interest prem iums on perpetual fire risks 15777059 unearned premiums fifty per cent Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 8301608 un earned premiums pro rata 20188 49 78885 29 58643 14 11 19 20 21 24 26 27 28 Total unearned premiums as computed above Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Commissions brokerage and other charges due or to be come due to agents and brokers Reinsurance premiums 137528 43 4300 00 16672 94 63669 60 Total amount of all liabilities except deposit capital 242359 46 Surplus over all liabilities 395565 01 395565 01 637924 47 Surplus as regards palicyholders Total liabilities VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 51044246 00 426244 98 Written or renewed during the year 71499604 00 691915 fi I284 ComptrollerGenerals Keport 4 Total122543800 00 1118160 02 5 Deduct those expired and marked off as terminated 51986904 00 534370 84 6 In force at the end of the year 70556946 00 583789 18 7 Deduct amount reinsured schedule re quired 42702036 00 343002 51 8 Net amount in force 27854910 00 240786 67 NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG PA E E Cole President W P Braun Secretary Chancellor A Thornton Atlanta Attorney for Service ICapital stock 1 Amount of capital paid up in cash 1000000 00 0 Deduct gross amount paid for reinsurance December 31 of previous year 3885896 0 4 Extended at 3885896 63 IIIncome 5 Gross premiums 4100209 14 6 Deduct gross amount paid for reinsurance fire 114593759 return premiums fire 72031840 total 186625599 7 Total premiums other than perpetual 2302953 15 9 Gross interest on mortgage loanss 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 441387 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz Interest on bills receivable taken for fire rishs Gross income from unlisted assets 16 Gross rents from companys property 17 Total gross interest and reals 154900 41 36654 18 5751 00 106692 25 4943 31 289 98 170 69 400 00 ComptrollerGenerals Report 285 25 From agents balances previously charged off 489 76 26 Gross profit on sale or maturity of ledger assets viz Bonds 4515 94 stocks 1525 total 4531 19 28 Total income 2 462 874 51 ITTDisbursements 1 Gross amount paid policyholders for losses including 16281366 occurring in pre vious years 1716252 62 2 Deduct amount received for salvage fire 800518 reinsurance fire 60519575 discount fire 116322 total 614364 15 3 Net amount paid policyholders for losses 1121 888 47 4 Expenses of adjustment and settlement of losses 32 848 85 5 Commissions or brokerage 40g ggj 17 6 Allowances to local agencies for miscellaneous agency expenses 11064 48 7 Salaries 7956739 and expenses 5402674 of special and general agents 133594 13 8 Salaries fees and all other charges of officers directors trustees and home office employees 114 724 62 9 Hents 13073 44 10 Advertising 80743 printing and stationery 2727794 28085 37 11 Postage telegrams telephone and express 13 872 75 12 Legal expenses 404 35 Ti Furniture and fixtures o 74 i 14 Maps including corrections 10 194 75 15 Underwriters Boards and Tariff Associations 25 1 78 32 16 Fire department fire patrol and salvage corps assess ments fees axes and expenses 8392 77 17 Inspections and surveys 4 jgg 39 18 Repairs and expenses other than taxes on real estate 84 24 19 Taxes on real estate r qa 20 State taxes on premiums 60 118 59 21 Insurance department licenses and fees 17 480 30 22 All other licenses fees and taxes Federal corporation tax 728 79 Municipal licenses 7 034 79 Pennsylvania Franchise tax 3763 69 34 Paid stockholders for interest or dividends amount de clared during the year 90000 00 37 Decrease in liabilities during the year on account of re insurance treaties 29 561 65 38 Agents balances charged off 3981 38286 ComptrollerGenerals Report 39 Gross loss on sale or maturity of ledger assets viz Bonds 3ti 2 41 Total disbursements 2141050 30 IVLedger Assets 1 Book value of real estate 7965 66 2 Mortgage loans on real estate 623700 00 Loans secured by pledge of bonds stocks or other collateral 115000 00 4 Book value of bonds 220375096 and stocks 29772233 250147 29 5 Oash in companys office 9575 29 6 Deposit in trust companies and banks not on interest 68236 75 7 Deposits in trust companies and banks on interest 13557 I s 8 Agents balances representing business written subsequent to October 1 1912 558970 60 9 Agents balances representing business written prior to Oct I 1912 5675 37 1 Bills receivable taken for live risks 181552 03 6 Total ledger assets 4207720 84 XouLedger Assets 17 Interest due 120000 and accrued 10 83506 on mortgages 12031 06 18 Interest accrued on bonds 31916 54 19 Interest accrued on collateral loans 1405 36 24 Total 45356 96 21 Market value not including interest in item 18 of bonds and stocks over book value 5955 04 30 Gross assets 4259032 81 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 5675 37 35 liills receivable past due taken for ma rine inland and lire risks 39629 88 41 Total admitted assets 4213727 59ComptrollerGexerals Report 287 VLiabilities 1 Gross losses adjusted and unpaid not yet 4e 11547 39 2 Gross claims for losses in process of ad justment or in suspense plus 14 50000 reserve for losses incurred prior to December 31 of which no notice had been received on that date 202203 04 3Gross claims for losses resisted 44105 75 4 Total 277856 18 5 Deduct reinsurance due or accrued 93939 24 6 Net amount of unpaid losses and claims 183916 94 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 1098 18649 unearned premiums fifty per cent 549093 24 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 317605917 un earned premiums pro rata 1797901 04 11 Total unearned premiums as computed above 2 346 994 28 18 Salaries rents expenses bills accounts fees etc due or accrued none al paid to cover any possible con tingency 500 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 60000 00 23 All other liabilities Fund held under reinsurance treaty 77089 21 26 Total amount of all liabilities except capital 2668500 43 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 545227 16 29 Surplus as regards policyholders 1545 227 16 30 Total liabilities 4 213 727 59 Business in the State of Georgia During the Year 28 Gross risks written 4009 317 00 Less 46091000 risks cancelled 460 910 00288 ComptrollerGeneral s Report Net risks written 3548407 00 29 Gross premiums on risks written ros 44 Less 938313 return premiums 9383 13 Net premiums received 699 Net losses paid 33058 20 Net losses incurred 32888 i 2 NEWARK FIRE INSURANCE COMPANY OF NEWARK N J Edgar i Haynes President Thomas L Farquhar Secretary 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 1329688 75 3 Increase of paid up capital during the year 250000 Oil 4 Extended at 1579688 11 income 5 Gross premiums 1007418 80 6 Deduct gross amount paid for reinsurance fire 14511874 return premiums fire 13987920 total 284997 94 7 Total premiums other than perpetual 722420 86 9 Gxoss interest on mortgage loans 19808 98 11 Gross interest on bonds and dividends on stocks U585 05 12 Gross interest on deposits in trust com panies and banks 1520 95 16 Gross rents from companys property in addition to taxes and expenses 4500 00 17 Tot a I gross interest and rents Il Surplus paid in on increased capital during year by stock holders 25 Agents balances charged off 67414 98 255937 00 i7 2 28 Tol al income and added surplus i 046051 05ComptrollerGenerals Eeport 289 IIIDisbursements Gross amount paid policyholders for losses including 5708455 occurring in pre vious years Deduct amount received for salvage fire 313786 reinsurance fire 43270 61 discount fire 44899 total 372775 95 46857 46 10 11 12 13 14 15 16 17 18 19 20 22 23 34 Net amount paid policyholders for losses 325918 49 Expenses of adjustment and settlement of losses 6801 81 Commissions or brokerage 150 101 19 Salaries 2857400 and expenses 1918980 of special and general agents 47763 80 Salaries fees and all other charges of officers directors trustees and home office employees 47584 70 Rents including 450000 for companys occupancy of its own buildings in addition to taxes and expenses 5214 30 Advertising 492512 printing and stationery 14 53134 total 19456 46 Postage telegrams telephone and express 5033 21 Legal expenses 1781 28 Furniture and fixtures 13876 54 Maps including corrections 5326 75 UndeTwriters Boards and Tariff Associations 5386 22 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 3407 12 Inspections and surveys 4222 37 Repairs and expenses other than taxes on real estate 3419 37 Taxes on real estate 2119 86 State taxes on premiums 12395 54 All other licenses fees and taxes Federal corporation taxes 72861 taxes on personal property 160078 state fees and licenses 877098 total 11100 37 Other disbursements Auditing and accounting 38458 miscellaneous 337834 total 4762 92 Paid stockholders for interest or dividends amount de clared during the year 5239780 52431 80 41 Total disbursements 728104 10 IVLedger Assets 1 Book value of real estate 145523 24 2 Mortgage loans on real estate 495850 00 4 Book value of bonds 70591490 and stocks 32225038 total 1028165 28 5 Cash in companys office 300 00290 ComptbollerGeneeals Eepoet 6 Deposit in trust companies and banks not on interest 931 6i 7 Deposits in trust companies and banks on interest 81745 27 8 Agents balances representing business written subsequent to Oct 1 1912 139652 33 9 Agents balances representing business written prior to Oct 1 1912 3817 91 12 Other ledger assets viz Deposited with Philadelphia Fire Un Assn 100 00 14 Cash advanced to special agents 1550 00 16 Total ledger assets 1897635 70 NonLedger Assets 17 Interest due 93712 and accrued 6 67706 on mortgages 7514 18 18 Interest accrued on bonds 9582 00 24 Total 17196 lS 25 Market value of real estate over book value 4476 76 25 Due from other companies on losses already paid Russian Re Ins Co 690662 Massachusetts Fire Marine 47 Mechanics Traders Dr 574 Re Ins Bureau 67237 total 7573 72 30 Gross assets 1926882 36 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 3817 91 38 Book value of ledger assets over market value viz 4322 2S 8140 19 41 Total admitted assets 1918742 17 VLiabilities 1 Gross losses adjusted and unpaid not yet due 19777 23 2 Gross claims for losses in process of ad justment or in suspense plus 472400 reserve for losses incurred prior to DecComptrollerGeneral s Report 31 of which no notice had been received on that date 65075 63 3 Gross claims for losses resisted 13044 00 291 4 Total 5 Deduct reinsurance due or accrued 97896 86 18986 00 6 Net amount of unpaid losses and claims 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 48813440 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 56507464 un earned premiums pro rata 244067 20 331192 60 11 Total unearned premiums as computed above 17 Dividends declared and unpaid to stockholders 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 21 Reinsurance premiums 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 728849 81 78910 80 575259 80 8285 75 1521 09 15000 00 10914 80 589892 36 29 Surplus as regards polieyholders 1228849 81 30 Total liabilities 1918742 17 VIEisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 90840034 00 882475 11 2 Written or renewed during the year 94816641 00 100741S 80 4 Total 185656675 00 1889893 91 5 Deduct those expired and marked off as terminated 63720791 00 670340 71292 ComptrollerGenerals Report 6 In force at the end of the year121935884 00 121953 20 7 Deduct reinsurance schedule resuired 15490403 00 166344 16 8 Net amount in force 106445481 00 1053209 01 Business in the State of Georgia During the Year Net risks written 82939 00 Net premiums received 4290 58 Net losses paid 90 57 Net losses incurred 1390 57 NEW BEUNSWICK FIRE INSURANCE COMPANY OF NEW BRUNSWICK N J George A Vrehmann President Charles D Ross Secretory Robt N Hughs 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 4 Extended at ri3HS 68 713118 6S IIIncome 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 8741032 return premiums fire 14929834 total 778967 69 236708 66 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 45960 accrued interest on mortgages acquired during 1912 11 Gross interest on bonds and dividends on stocks less 644 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz Middlesel Title Guarantee Trust Co 542259 03 8423 80 16333 30 412 92 32 67COMPTROLLEKGENEKAIis REPORT 293 16 Gross rents from companys property in cluding 250000 for companys occu pancy of its own buildings 12862 75 17 Total gross interest and rents 18 From other sources Paid in on account of increase of capital 44525 surplus paid in account of increase of capital 44525 total 26 Gross profit on sale or maturity of ledger assets viz Stocks 28 Total income 38065 44 89050 00 85 50 669459 97 IIIDisbursements 1 Gross amount paid policyliolders for losses including 2873296 occurring in pre vious years 2 Deduct amount Teceived for salvage fire 704887 reinsurance fire 3498020 Discount fire 33593 total 307860 95 42365 00 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Net amount paid policyliolders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 1734181 and expenses 2076787 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including 250000 for companys occupancy of its own buildings Advertising 97403 printing and stationery 422008 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 Inspection 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 Federal corporation tax 27136 personal tax 80500 city licenses 2076 12 total 265495 95 6808 03 125153 74 38109 68 25241 37 2500 00 5194 11 3316 97 25 56 517 41 2148 93 2921 14 4556 68 2478 88 5363 55 1887 73 6475 38 4192 21 3152 48294 ComptrolleeGenebals Kepoet 23 Other disbursements Miscellaneous Expense 12790 commission on sale of stock 306750 interest paid on new stock 78980 interest paid on borrowed money 65626 total 4641 34 Paid stockholders for interest or dividends amount de clared during the year 29 39 Gross loss on sale or maturity of ledger assets viz 1236 50 Stocks 541 414 01 41 Total disbursements IVLedger Assets 1 Book value of real estate 132362 00 2 Mortgage loans on real estate 208861 00 4 Book value of bonds 15998256 and stocks 16849255 total 328475 11 5 Cash in companys office 10163 36 7 Deposits in trust companies end banks on interest 60694 41 8 Agents balances representing business written subsequent to October 1 1912 100313 56 9 Agents balances representing business written prior to Oct 1 1912 195 20 13 Deposit with Philadelphia Underwriters 100 00 16 Total ledger assets 841164 64 NonLedger Assets 17 Interest accrued on mortgages 1826 20 18 Interest accrued on bonds i682 31 3508 51 24 Total 26 Market value not including interest in item 18 of bonds and stocks over book value 260o4 89 30 Gross assets 870728 04 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 195 20 38 Book value of ledger assets over market value viz One mortgage not consider ed good No 157 W 00 597 20 41 Total admitted assets 870130 84ComptrollerGenerals Report 295 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 47015 00 5 Deduct reinsurance due or accrued 9392 55 6 Net amount of unpaid losses and claims 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 359 61265 unearned premiums fifty per cent 179806 32 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 45426446 un earned premiums pro rata 255264 90 31 Total unearned premiums as computed above if 17 Dividends declared and unpaid to stockholders 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 23 All other liabilities viz Paid in on account of increase of capital 25 Surplus paid in account of increase of capital 37622 45 435071 22 42 97 250 00 3000 00 44525 00 44525 00 26 Total amount of all liabilities except capital 565036 64 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 105094 20 29 Surplus as regards policyholders 30 Total liabilities 305094 20 870130 84 VIBisks and Premiums Fire Kisks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 63611493 00 834858 85 2 Written or renewed during the year 626747 90 778967 69 3 Excess of original premiums over amount received for reinsurance 4492 81296 ComptrollerGenerals Eeport 4 Total 1262862 83 1618319 35 5 Deduct those expired and marked off as terminated 52508001 00 679303 29 6 In force at the end of the year 73778282 00 939016 06 7 Deduct reinsurance schedule required 9047891 00 125138 95 8 Net amount in force 64730391 00 813877 11 Business in the State of Georgia During the Year 28 Gross risks written 1942131 00 Less 43164700 risks cancelled and 27322000 reinsur ance in companies authorized in Georgia 704867 00 Net risks written 1237264 00 29 Gross premiums on risks written 33235 27 Less 625903 return premiums and 502752 premiums for reinsurance in companies authorized in Georgia 11286 55 Xet premiums received 21948 72 30 Losses paid deducting salvage 6568 16 Less losses on risks reinsured in companies authorized in Georgia 1751 78 Xet losses paid 4816 38 31 Losses incurred 7587 16 Less losses on risks reinsured in companies authorized in Georgia 1761 78 Net losses incurred 5825 38 NEW HAMPSHIRE FIRE INSURANCE COMPANY OF MANCHESTER N H Frank W Sargeant President Lewis W Crockett Secretary W M King Attorney for Service in Georgia ICapital Stock 1 Amount of capita paid up in cash ComptrollerGenerals Report 2 Amount of ledger assets as per balance December 31 of previous year 5042505 90 3 Increase of paidup capital during the year 150000 00 297 4 Extended at 5192505 90 IIIncome 5 Gross premiums 3113292 99 6 Deduct gross amount paid for reinsurance fire 45592317 return premiums fire 34217021 total 798093 38 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 210596 accrued interest on bonds acquired during 1912 16 Gross rents from companys property in cluding 150000 for companys occu pancy of its own buildings 2315199 61 6663 71 231423 53 12104 92 17 Total gross interest and rents 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 250192 16 73 00 250 00 28 Total income 2565714 77 IIIDisbursements 1 Gross amount paid policyholders for losses including 20832434 occurring in pre vious years 1504978 75 2 Deduct amount received for salvage fire 1073357 reinsurance fire 261 06243 discount fire 155619 total 273352 19 3 Net amount paid policyholders for losses 1231626 56 4 Expenses of adjustment and settlement of losses 14035 61 5 Commissions or brokerage 512 888 63 6 Allowances to local agencies for miscellaneous agency expenses 25773 58 7 Salaries 5864888 and expenses 5124741 of special and general agents 109896 29 8 Salaries fees and all other charges of officers directors trustees and home office employees 71687 01298 ComptrollerGenerals Report 10 11 12 13 14 15 16 17 IS 19 20 21 22 23 34 38 40 41 16 17 18 Bents including 150000 for companys occupancy of its own buildings 1500 00 Advertising 584862 printing and stationery 17 33726 total 23185 88 Postage telegrams telephone and express 8446 86 Legal expenses 1972 40 Furniture and fixtures 905 63 Maps including corrections 8895 59 Underwriters Boards and Tariff Associations 26850 80 Fixe department fire patrol and salvage corps assess ments fees taxes and expenses 2057 65 Inspections and surveys 15189 97 Bepairs and expenses other than taxes on real estate 5685 13 Taxes on real estate 2554 93 State taxes on premiums 49398 53 Insurance department licenses and fees 12106 64 All other licenses fees and taxes Federal corporation tax 1389 42 Municipal taxes and licenses 6523 23 Franchise tax 12000 00 Other disbursements Miscellaneous expenses 11247 08 Paid stockholders for interest or dividends amount de clared during the year 12750000 120000 00 Agents balances charged off 2539 59 Gross decrease by adjustment in book value of ledger assets viz Beal estate 6000 00 Bonds 10033 23 Stocks 13637 50 Total disbursements 2308027 74 IVLedger Assets Book value of real estate 100900 00 Mortgage loans on real estate 114050 00 Book value of bonds 306692992 and stocks 147395635 total 4540886 27 Cash in company s office 673 82 Deposits in trust companies and banks on interest 323998 74 Agents balances representing business written subsequent to Oct 1 1912 370684 10 Total ledger assets 5450192 93 NonLedger Assets Interest accrued on mortgages 1581 63 Interest accrued on bonds 47870 04ComptrollerGeneral s Report 299 24 Total 49451 67 25 Market value of real estate over book value 7450 00 26 Market value not including interest in item 18 of bonds and stocks over book value 590792 60 30 Gross assets 6097887 20 VLiabilities 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of ad justment or in suspense plus 1000000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 69594 44 228572 87 14159 00 312326 31 101369 38 6 Net amount of unpaid losses and claims 210956 93 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks Tunning one year or less from date of policy including interest prem iums on perpetual fire risks 1310 10196 unearned premiums fifty per cent 655050 98 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 291584263 un earned premiums pro rata 1530555 72 11 Total unearned premiums as computed above 2185606 70 17 Dividends declared and unpaid to stockholders 67500 00 18 Salaries rents expenses bills accounts fees etc due or accrued 25000 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 70000 00 21 Return premiums 3884740 reinsurance premiums 4921457 total 88061 97 23 All other liabilities Reserve for contingent liabilities 250000 00 24 Sinking fund for office building 150000 00 26 Total amount of all liabilities except capital 3047125 60300 ComptrollerGenerals Keport 27 Capital actually paid up in eash 1350000 00 28 Surplus over all liabilities 1700761 60 29 Surplus as regards policyholders 3050761 60 30 Total liabilities 6097887 20 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force December 31 1911 404411354 00 4431424 45 2 Written or renewed in 1912 275661470 00 3113292 99 3 Totals 680102824 00 7544717 44 4 Deduct expiration and cancellations 234164043 00 2735897 12 5 In force December 31 19124459387S1 00 4808820 32 6 Deduct amount reinsured 55167203 00 582875 73 7 Net amount in force 390771578 00 4225944 59 Business in the State of Georgia During the Year 28 Gross risks written 3442950 00 Less 33446500 risks cancelled and 77593000 reinsur ance in companies authorized in Georgia 1110395 00 Net risks written 2332555 00 29 Gross premiums on risks written 47778 04 Less 548524 return premiums and 1183229 premiums for reinsurance in companies authorized in Georgia 17317 53 Net premiums received 30460 51 30 Losses paid deducting salvage 35437 52 Less losses on risks reinsured in companies authorized in Georgia 10950 55 Net losses paid 24486 97 31 Losses incurred 26512 03 Less losses on risks reinsured in companies authorized in Georgia 9877 92 Net losses incurred 16634 11ComptrollerGeneral s Report 301 NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Harold Heirick President Geo W Dewey Secretary J Hall Miller Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 6451775 09 4 Extended at 6451775 09 HIncome 5 Gross premiums 4704531 67 6 Deduct gross amount paid for reinsurance fire 81809731 return premiums fire 71187040 total 1529967 71 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 790860 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources 14 Interest from note as per schedule X 15 Interest from deposit with Phil Under 17 Total gross interest and rents 260758 31 25 From agents balances previously charged off 1168 45 26 Gross profit on sale or maturity of ledger assets viz Bonds 10250 stocks 35583 89 35686 39 28 Total income 3472177 11 IHDisbursements 3174563 96 30437 84 206691 08 23413 09 210 00 6 30 1 Gross amount paid policyholders for losses including 27416448 occurring in pre vious years 2 Deduct amount received for salvage fire 1764456 reinsurance fire 25432855 discount fire 832300 total 180296 11302 ComptrollerGexerals Eepoet 9 10 11 12 13 14 15 16 17 20 21 22 23 34 38 41 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 6619589 and expenses 5740283 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Eents Advertising 450919 printing and stationery 33 78627 total Postage telegrams telephone and express Legal expenses Furniture and fixtures Maps jincluding 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 Federal corporation tax 339150 municipal licenses 789757 total Other disbursements Incidentals 249576 exchange 350072 commercial reports 141820 officers ex penses 781654 subscriptions papers and periodi cals 322248 total Paid stockholders for interest or dividends amount de clared duTing the year Agents balances charged off 1691311 00 40733 08 596102 45 123598 77 200742 97 40180 09 38295 46 24206 84 3704 60 8480 23 9530 11 31567 54 12795 65 18443 11 79948 25 15246 97 11289 07 18453 70 250000 00 413 01 Total disbursements 3215042 90 IVLedger Assets 2 Mortgage loans on real estate 582000 00 4 Book value of bonds 177830750 and stocks 3293025 89 5071333 39 5 Cash in companys office 6 Deposit in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to Oct 1 1912 9 Agents balances representing business written prior to Oct 1 1912 2255 39 142814 72 340130 29 563182 83 7192 68 16 Total ledger assets 6708909 30ComptrollerGenerals Eeport 303 NonLedger Assets 17 Interest accrued on mortgages 6373 87 18 Interest accrued on bonds 22010 57 24 Total 28384 44 26 Market value not including interest in item 18 of bonds and stocks over book value 249496 61 27 Other nonledger assets viz Accrued interest on deposits in trust companies 1791 49 30 Gross assets 6988581 84 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 7192 68 7192 68 41 Total admitted assets 6981389 16 VLiabilities 1 Gross losses adjusted and unpaid not yet due 13084 94 2 Gross claims for losses in process of ad justment or in suspense 271049 41 3 Gross claims for losses resisted 34716 21 4 Total 318850 56 5 Deduct reinsurance due or accrued 77660 29 6 Net amount of unpaid losses and claims 241190 27 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 1980 44626 unearned premiums fifty per cent 990223 13 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 374493982 un earned premiums pro rata 1979206 57 11 Total unearned premiums as computed above 2969429 70304 ComptrollerGenerals Report 18 Salaries rents expenses bills accounts fees etc due or accrued 10770 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 50000 00 20 Commissions brokerage and other charges due or to be come due to agents and brokers 3000 00 21 Reinsurance premiums 42606 28 26 Total amount of all liabilities except capital 3316996 85 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 2664392 31 29 Surplus as regards policyholders 3664392 31 30 Total liabilities 6981389 16 Business in the State of Georgia During the Year 28 Gross risks written 2803796 00 Less 604474 00 risks cancelled and 80013600 reinsur ance in companies authorized in Georgia 1404610 00 Net risks written 1399186 00 29 Gross premiums on risks written 40137 53 Less 549188 return premiums and 138209 premiums for reinsurance in companies authorized in Georgia 6873 97 Net premiums received 33 263 56 30 Losses paid deducting salvage 28018 49 Less losses on risks reinsured in companies authorized in Georgia 398 30 Net losses paid 27 620 19 31 Losses incurred 31189 05 Less losses on risks reinsured in companies authorized in Georgia 398 30 Net losses incurred 30790 75ComptrollerGenerals Eeport 305 butted states branch of the north british mercantile fire insurance company of london and edinburgh great britain E G Richards Manager Robert Newboult Secretary Home Office in U S 76 Williams St New York N Y E S Matthews Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 9558161 88 4 Extended at 9558161 88 ITIncome 5 Gross premiums 7401427 71 6 Deduct gross amount paid for reinsurance fire 1220606 85 return premiums fire 129426965 total 2514876 50 7 Total premiums other than perpetual 4886551 21 8 Deposit premiums written on perpetual risks gToss 3194 91 11 Gross interest on bonds and dividends on stocks less 89599 accrued interest on bonds acquired during 1912 326517 72 12 Gross interest on deposits in trust com panies and banks 2948 14 13 Gross interest from all other sources viz Phil Und Assn 630 Mil TJnd Bldg Assn 724 Und Salvg Co 10000 Westn Insp Bureau 8792 total 201 46 17 Total gross interest and rents 329667 32 25 From agents balances previously charged off 69 45 26 Gross profit on sale oir maturity of ledger assets viz Bonds 2199 10 28 Total income 5221681 99 IIIDisbursements 1 Gross amount paid policyholders for losses including 50132556 occurring in pre vious years 3161419 11 2 Deduct amount received for salvage fire 2078990 reinsurance fire 48942591 510215 81306 ComptrollerGenerals Report 3 Net amount paid policyholders for losses 2651203 30 4 Expenses of adjustment and settlement of losses 47154 83 5 Commissions or brokerage 1031903 33 6 Allowances to local agencies for miscellaneous agency expenses 28852 02 7 Salaries 12958506 and expenses 95S6631 of special and general agents 225451 37 8 Salaries fees and all other charges of officers directors trustees and home office employees 290910 08 9 Eents 34613 64 10 Advertising 324040 printing and stationery 40 66039 total 43900 79 11 Postage telegrams telephone and express 32943 40 12 Legal expenses 4230 38 13 Furniture and fixtures 9455 47 14 Maps including corrections 17963 83 15 Underwriters Boards and Tariff Associations 65412 17 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 59321 97 17 Inspections and surveys 16391 19 20 State taxes on premiums 80158 82 21 Insurance department licenses and fees 19587 64 22 All other licenses fees and taxes Federal corporation tax 122819 municipal 1010712 fire marshall 534165 total 16676 96 32 Remitted to home office 552119 17 33 Deposit premiums returned 982 13 38 Agents balances charged off 494 31 41 Total disbursements 5229726 80 IVLedger Assets 4 Book value of onds 709305769 and stocks 130713700 total 8400194 67 5 Cash in companys office 500 00 7 Deposits in trust companies and banks on interest 291322 70 8 Agents balances representing business written subsequent to Oct 1 1912 825368 13 9 Agents balances representing business written prior to Oct 1 1912 25737 79 11 Bills receivable taken for fire risks due for other Ins Cr on losses Teed 3912 78 12 Other ledger assets Phil Un Assn 10000 Mil Und Bldg Assn 18100 Und Salvg Co N Y 100000 Und Salvg Co Chicago 100000 Southern AdjstComptrollerGenerals Eeport 307 Bureau 40000 Assn Adjst Insp Bureau 20000 Assn Fire Balto Md 10000 Sprinkler Slvg Conference 10000 total 3081 00 t 16 Total ledger assets 9550117 07 NonLedger Assets 18 Interest accrued on bonds 92738 74 24 Total 92738 74 30 Gross assets 9642855 81 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 25737 79 38 Book value of ledger assets over market value viz 618104 67 39 Sprinkler Lkge Conference 100 00 643942 46 41 Total admitted assets 8998913 35 VLiabilities 1 Gross losses adjusted and unpaid due 8151778 not yet due 180300 83320 78 2 Gross claims for losses in process of ad justment or in suspense 384885 16 3 Gross claims for losses resisted 74933 30 4 Total 543139 24 5 Deduct reinsurance due or accrued 102714 88 5 Net amount of unpaid losses and claims 440424 36 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 2946 80858 unearned premiums fifty per cent 1473404 29 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired308 ComptrolleeGenebals Eepoet fire risks running more than one year from date of policy 608282916 un earned premiums pro rata 3189434 08 11 Total unearned premiums as computed above 4662838 37 12 Amount reclaimable by the insured on perpetual fire in surance policies being 95 per cent of the premium or deposit received 37954 32 18 Salaries rents expenses bills accounts fees etc due or accrued 20000 00 19 Estimated amount hereafter parable for federal state and other taxes based upon the business of the year of this statement 95000 00 30 Total Liabilities 5256217 05 Business in the State of Georgia During the Year 28 Gross risks written 9809921 00 Less 207705000 risks cancelled and 132572500 rein surance in companies authorized in Georgia 3402775 00 Net risks written 29 Gross premiums on risks written Less 1644348 return premiums and 621768 premiums for reinsurance in companies authorized in Georgia Net premiums received 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 6407146 00 101913 96 22661 16 79252 8 46579 65 6747 85 39831 80 39402 13 4392 85 Net losses incurred 35009 2SComptrollerGeneral s Report NORTHERN INSURANCE COMPANY OF NEW YORK 309 William Mason President James Marshall Secretary Milton Dargon Jr Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 350000 00 2 Amount of ledger assets as per balance December 31 of previous year 1243070 06 4 Extended at 1243070 06 IIIncome 5 Gross premiums 914490 69 6 Deduct gross amount paid for reinsurance fire 10862903 return premiums fire 13477230 total 243401 33 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stock 12 Gross interest on deposits in trust com panies and banks 4860 00 46868 75 103 18 17 Total gross interest and Tents 19 Loan from Hanover National Bank 26 Gross profit on sale or maturity of ledger assets viz Stocks 27 Gross increase by adjustment in book value of ledger assets viz Bonds 175000 stocks 1247500 total 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 671 089 36 51831 93 25000 00 100 13 14225 00 28 Total income 762246 42 IIIDisbursements 1 Gross amount paid policyholders for losses including 50907 21 occurring in pre vious years 414801 38 2 Deduct amount received for salvage fire 505849 reinsurance fire 5254643 discount fire 92431 total 58592 23 356272 15 8473 74 310 ComptrollerGenerals Eepoet 5 Commissions or brokerage 237613 80 8 Salaries fees and all other charges of officers directors trustees and home office employees 1280 00 9 Rents 4500 00 10 Adertising 6 00 15 Underwriters Boards and Tariff Associations 4941 49 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 6250 37 20 State taxes on premiums 13762 11 21 Insurance department licenses and fees 2756 45 22 All other licenses fees and taxes Federal corporation tax 1867 96 City licenses 246 10 23 Other disbursements Agents bonds 20200 audit 43750 Hanover Bank repayment of loan 2500000 Hanover Bank interest on loan 30663 memorial to Pres Lovell 5000 safe deposit rental 5500 26051 13 34 Paid stockholders for interest or dividends amount de clared during the year 21000 00 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 110000 stocks 501250 total 6112 50 41 Total disbursements 691133 80 IVLedger Assets 2 Mortgage loans on real estate 128000 00 4 Book value of bonds 37800000 and stocks 67873750 1056737 50 6 Deposit in trust companies and banks not on interest 10418 17 7 Deposits in trust companies am banks on interest 27160 84 8 Agents balances representing business written subsequent to October 1 1912 91521 77 9 Agents balances representing business written prior to Oct 1 1912 344 40 16 Total ledger assets 1314182 63 NonLedger Assets 17 Interest accrued on mortgages 1718 75 18 Interest accrued on bonds 4037 46 20 Interest accrued on Trust Co balance 79 65 24 Total 5835 86 30 Gross assets 1320018 54ComptrolleeGenebal s Report 311 Beduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 344 40 38 Book value of ledger assets over market value 15662 50 16006 90 41 Total admitted assets 1304011 64 VBiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 162643 reserve for losses incurred prior to Bee 31 of which no notice had been received on that date 58608 30 3 Gross claims for losses resisted 5000 00 4 Total 63608 30 5 Beduct reinsurance due or accrued 10950 42 6 Net amount of unpaid losses and claims 52657 88 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 42355827 unearned premiums fifty per cent 211779 13 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 75242166 un earned premiums pro rata 402038 99 11 Total unearned premiums as computed above 613818 12 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 15000 00 21 Reinsurance premiums 16614 69 26 Total amount of all liabilities except capital 698090 69 27 Capital actually paid up in cash 350000 00 28 Surplus over all liabilities 255920 95 29 Surplus as regards policyholders 605920 95 30 Total liabilities 1304011 64312 ComptrollerGenerals Report VIEisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 130791549 00 127021175 2 Written or renewed during the year 92770794 00 914490 69 4 Total 223562343 00 2184702 44 5 Deduct those expired and marked off as terminated 82835984 00 840918 98 6 In force at the end of the year140726359 00 1343783 46 7 Deduct reinsurance schedule required 17838391 00 167803 53 8 Net amount in force122SS7968 00 1175979 93 THE NORTHERN ASSURANCE COMPANY LIMITED Geo W Babb Attorney and Manager ICapital Stock 1 Amount of capital paid up in cash 1500000 00 1 Statutory Deposit 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 538041736 4 Extended at 5380417 36 IIIncome 5 Gross premiums 4630875 28 6 Deduct gross amount paid for reinsurance fire 104451947 return premiums fire 75257081 total 1797090 28 7 Total premiums other than perpetual 2833785 00 11 Gross interest on bonds and dividends on stocks 178353 75 12 Gross interest on deposits in trust com panies and banks 5452 71 16 Gross rents from companys property 8000 04 17 Total gross interest and rents 191806 50COMPTROLLERGrENERAIiS BEPORT 313 18 Prom other sources Received from head office during the year 174394 98 28 Total income 3200006 48 IIIDisbursements 1 Gross amount paid policyholders for losses including 30080086 occurring in pre vious years 2070990 95 2 Deduet amount received for salvage fire 1917614 reinsurance fire 537 43879 discount fire 116218 total 557777 11 3 Net amount paid policyholders for losses 1513213 84 4 Expenses of adjustment and settlement of losses 40090 59 5 Commissions or brokerage 448700 07 7 Salaries 6955601 and expenses 5809314 of special and general agents 127649 15 8 Salaries fees and all other charges of officers directors trustees and office employees 220239 99 9 Rents 27075 24 10 Advertising 1109192 printing and stationery 25 95036 total 37042 28 11 Postage telegrams telephone and express 20987 04 12 Legal expenses 1488 64 13 Furniture and fixtures 4481 28 14 Maps including corrections 9371 20 15 Underwriters Boards and Tariff Associations 49273 58 16 Pire department fire patrol and salvage corps assess ments fees taxes and expenses 29919 02 17 Inspections and surveys 20094 18 18 Repairs and expenses other than taxes on real estate 429 00 20 State taxes on premiums 63621 47 21 Insurance department licenses and fees 17239 59 22 All other licenses fees and taxes Federal corporation tax 3671 52 County and municipal taxes etc 14123 16 24 Books newspapers and periodicals 1051 38 25 Cleaning heating and lighting 1279 57 26 Collection and exchange fees 3800 39 27 Traveling i 3514 58 28 Miscellaneous 5647 12 29 Remitted to head office during the year 528223 03 38 Agents balances charged off 5520 85 39 Gross loss on sale or maturity of ledger assets viz Bonds 1042 85 41 Total disbursements 3198790 61314 CompteollebGenebals Eepokt IVLedger Assets 1 Book value of real estate 115000 00 4 Book value of bonds 416220S16 and stocks 29426590 total 4456474 06 5 Oash in companys office 146 6S 6 Deposit in trust companies and banks not on interest 7501 97 7 Deposits in trust companies smd banks on interest 247269 02 8 Agents balances representing business written subsequent to Oct 1 1912 532056 36 9 Agents balances representing business written prior to Oct 1 1912 13754 25 11 Bills receivable taken for fire risks 8754 90 12 Other ledger assets viz Balance of account Frankona Reinsurance Co 675 99 16 Total ledger assets 5381633 23 NonLedger Assets 18 Interest due 2310500 and accrued 26 92048 on bonds 50025 48 24 Total 50025 48 25 Market value of real estate over book value 75000 00 27 Other nonledger assets viz Premiums on reinsurance premiums 26943 22 28 Due from other companies for reinsurance on losses already paid 23023 39 29 Earned profit commission due from reinsurance admitted companies 8000 00 30 Gross assets 5564625 32 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 13754 25 35 Bills receivable past due taken for ma rine inland and fire risks S754 90 38 Book value of ledger assets over market value 250094 00 41 Total admitted assets 5292022 11ComptrollerGenerals Report 315 VLiabilities 1 Gross losses adjusted and unpaid not yet due 22412 46 2 Gross claims for losses in process of ad justment or in suspense plus 1130064 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 348868 96 3 Gross claims for losses resisted 110567 50 4 Total 481848 92 5 Deduct reinsurance due or accrued 176463 88 6 Net amount of unpaid losses and claims 305385 04 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 1718 11113 unearned premiums fifty per cent 859055 57 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 353777794 un earned premiums pro rata 1845413 55 11 Total unearned premiums as computed above 2704469 12 18 Salaries rents expenses bills accounts fees etc due or accrued 27488 10 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 80678 21 21 Reinsurance premiums 90521 06 26 Total amount of all liabilities except capital 3208541 53 27 Statutory deposit 200000 00 28 Surplus over all liabilities 1883480 58 29 Surplus as regards policyholders 2083480 58 30 Total liabilities 5292022 11 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last316 ComptrollerGenerals Keport years statement 603587720 6401307 74 2 Written or renewed during the year 441392234 4630875 28 3 Excess of original premiums over amount received for reinsurance 1088 42 4 Total 1045179954 11033271 44 5 Deduct those expired and marked off as terminated 412144435 4421194 23 6 In farce at the end of the year 633035519 6612077 21 7 Deduct reinsurance schedule required 132137635 1366188 14 8 Net amount in force 500897884 5245889 07 Business in the State of Georgia During the Year 28 Gross risks written 4686373 00 Less 66888500 risks cancelled and 36745300 reinsur ance in companies authorized in Georgia 1036338 00 Net risks written 3650035 00 29 Gross premiums on risks written 63295 01 Less 505296 return premiums and 2194S2 premiums for reinsurance in companies authorized in Georgia 724778 Net premiums received 56047 23 30 Losses paid deducting salvage 50426 96 Less losses on risks reinsured in companies authorized in Georgia 198 42 Net losses paid 50228 54 31 Losses incurred 29627 40 Less losses on risks reinsured in companies authorized in Georgia 138 42 Net losses incurred 29488 98 NOED DENTSCHE INSURANCE COMPANY OF HAMBURG GERMANY J H Leneham United States Manager Home Office 123 Williams St New York N Y W H Rhett Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00ComptrollerGexeral s Report 2 Amount of ledger assets as per balance December 31 of previous year 646917 80 4 Extended at HIncome 5 Qross premiums 689888 69 6 Deduct gross amount paid for reinsurance fire 13660229 return premiums fire 12512623 total 261728 52 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 139999 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 21141 50 279 39 17 Total gross interest and rents 18 From other sources Cash received from home office 28 Total income 317 646917 80 428160 17 21420 89 65000 00 514581 06 IIIDisbursements Gross amount paid policyholders for losses including 2754043 occurring in pre vious years Deduct amount received for salvage fire 111552 reinsurance fire 4645863 discount fire 12463 total 169709 36 47698 78 3 Xet amount paid policyholders for losses j 4 Expenses of adjustment and settlement of losses 5 Commissions or Brokerage 7 Expenses of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 298844 printing and stationery 1 70104 total 11 Postage telegrams telephone and express 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 122010 58 1753 38 119278 11 2719 18 12713 32 375 00 4689 48 109 06 25 00 7320 39 3685 64 1504 1 518 ComptrollerGenerals Report 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes State county and municipal taxes 23 Other disbursements Miscellaneous incidental expenses 39 Gross loss on sale or maturity of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 4 Book value of Bonds 681698 13 5 Cash in companys office 6 Deposit in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to Oct 1 1912 9 Agents balances representing business written prior to Oct 1 1912 71975 IS 15305 75 107849 46 692 28 16 Total ledger assets XonLedger Assets 18 Interest accrued on bonds rS88 30 24 Total 28 Reinsurance due on losses paid 29 Commissions on unpaid reinsurance premiums 2329 07 3308 26 1492 66 200 45 438 99 283953 06 877545 80 7888 30 3888 33 7205 74 30 Gross assets 896528 17 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1912 38 Book value of ledger assets over market value 39 Reinsurance on paid losses in unadmitted company 692 28 12928 13 45 00 13665 41 41 Total admitted assets 882862 76ComptrollerGenerals Report VLiabilities 1 Gross losses adjusted and unpaid due 163 not yet due 460213 4603 76 2 Gross claims for losses in process of ad justment or in suspense 25530 79 3 Gross claims for losses resisted 1200 00 4 Total 5 Deduct reinsurance due or accrued 34334 55 2759 83 6 Net amount of unpaid losses and claims 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 309 09360 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 19357195 un earned premiums pro rata 154546 80 133436 56 11 Total unearned premiums as computed above 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Reinsurance premiums 26 Total amount of all liabilities except capital 29 Surplus as regards policyholders 319 31576 72 287983 36 5000 00 8652 21 29718 90 362931 19 519931 57 30 Total liabilities 882862 76 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 22900404 00 2 Written or renewed during the year 65904465 00 3 Excess of original premiums over amount received for reinsurance 4 Total 88804809 00 243658 15 689888 69 420 12 933966 96320 ComptrollerGenerals Keport 5 Deduct those expired and marked off as terminated 30993577 00 317950 15 In force at the end of the year 57811292 00 616 016 81 Deduct amount reinsured schedule re quired 10842831 00 113351 26 8 Net amount in force 46968461 00 502665 55 Business in the State of Georgia During the Year 28 Gross risks written 227097 00 Less 7860000 risks cancelled and 485000 reinsur ance in companies authorized in Georgia 83450 00 Net risks written 143647 00 29 Gross premiums on risks written 2797 30 Less 56719 return premiums and 6161 premiums for reinsurance in companies authorized in Georgia 628 80 Net premiums received Net losses paid Net losses incurred 2168 50 120 12 120 12 NORTH RIVER FIRE INSURANCE COMPANY OF NEW YORK N Y Wm E Hutching President P H Crum Secretary T L Riley Attorney for Service in Georgia ICapital stork 1 Amount of capital paid up in cash 350000 00 4 Extended at 2369066 8 IIIncome 5 Gross premiums 3310005 55 6 Deduct gross amount paid for reinsurance fire 98073066 return premiums fire 61994078 total 160067144 7 Total premiums other than perpetual 1709734 11 9 Gross interest on mortgage loans 33356 37 10 Gross interest on collateral loans 1250 94ComptrollerGenerals Eeport 321 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust com panies and banks 3 fflj 07 46642 61 17 Total gross interest and rents 26 Gross profit on sale or maturity of ledger assets viz Bonds 520156 stocks G6oT0 total S4454 99 11877 06 28 Total income 1806066 16 ILTDisbursements 1 Gross amount paid policyholders for losses including 19311281 occurring in pre vious years 1489807 41 2 Deduct amount received for salvage fire 1373540 reinsurance fire 538 28940 discount fire 172802 553752 82 9 10 11 12 14 15 16 17 20 21 22 23 34 39 Xet amount paid policyholders for losses 3 Kxpenses of adjustment and settlement of losses Commissions or brokerage Salaries 2114431 and expenses 32S9476 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Printing and stationery 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 Federal corporation tax 213 municipal taxes required in various states 627634 total Other disbursements Premiums on surety bonds 46350 suppers 360429 carfare 14473 towels and soap 25989 ice and water 10803 examination by X Y Insurance Department 61371 total Paid stockholders for interest on dividends amount de clared during the year 3500000 Gross loss on sale or maturity of ledger assets viz Bonds 329125 stocks 262700 total 936054 59 24527 56 406219 11 54039 07 139463 55 15000 00 10586 79 5061 45 1673 38 5927 75 15128 52 9664 80 12270 38 32823 55 7900 34 6278 47 5194 15 34830 00 5918 25322 CompteollebGteneeals Eepoet 40 Gross decrease by adjustment in book value of ledger assets viz Stocks 146 67 41 Total disbursements 1728708 38 IVLedger Assets 2 Mortgage loans on real estate 853100 00 3 Loans secured by pledge of bonds stocks or other collateral 30690 00 4 Book value of bonds 11354583 and stocks 77924192 total 892787 75 7 Deposits in trust companies and banks on interest 281459 44 8 Agents balances representing business written subsequent to Oct 1 1912 388387 43 16 Total ledger assets 2446424 62 NonLedger Assets 17 Interest accrued on mortgages 12033 15 18 Interest accrued on bonds 1183 32 19 Interest accrued on collateral loans 182 52 24 Total 13398 99 26 Market value not including interest in item 18 of bonds and stocks over book value 17128 25 30 Gross assets 2476951 86 VLiabilities 1 Gross losses adjusted and unpaid not yet due 30452 75 2 Gross claims for losses in process of ad justment or in suspense plus 2000000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 155263 75 3 Gross claims for losses resisted 18968 50 4 Total 204685 00 5 Deduct reinsurance due or accrued 76495 82 6 Net amount of unpaid losses and claims 128189 18 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpiredComptrollerGeneral s Report fire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 1155 48813 unearned premiums fifty per oent 577744 06 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 155610778 un earned premiums pro rata 839660 31 323 11 Total unearned premiums as computed above 1417404 37 17 Dividends declared and unpaid to stockholders 2607 75 18 Salaries rents expenses bills accounts fees etc due or accrued 2000 00 19 Estimated amount heerafter payable for federal state and other taxes based upon the business of the year of this statement 25 000 00 26 Total amount of all liabilities except capital 1575201 30 27 Capital actually paid up in cash 350000 00 28 Surplus over all liabilities 551750 56 29 Surplus as regards polieyholders 901750 56 30 Total liabilities 2476951 86 VIBisks and Premiums Fire Risks Premiums Thereon 1 In force December 31 1911348266024 00 3734777 52 2 Written or renewed in 1912 311704314 00 3310005 55 3 Excess of original premiums over amount received for reinsurance 14 466 53 4 Totals 659970338 00 5 Deduct expirations and cancellations 284770493 00 6 In force December 31 1912375199845 00 7 Deduct amount reinsured 120588943 00 7059249 60 3102426 24 3956823 36 1245227 45 8 Net amount in force 254610902 00 2711595 91 Business in the State of Georgia During the Year 28 Gross risks written 2877745 00 Less 94979200 risks cancelled and 75927400 reinsur ance in companies authorized in Georgia 1709066 00324 ComptrollerGenerals Eeport Net risks written 1168679 00 29 Gross premiums on risks written 42 668 17 Less 1178267 return premiums and 998353 premiums for reinsurance in companies authorized in Georgia 21766 20 Net premiums received 20 901 97 30 Losses paid deducting salvage 7 319 49 Less losses on risks reinsured in companies authorized in Georgia 156400 00 Net losses paid 5755 49 31 Losses incurred q qq 49 Less losses on risks reinsured in companies authorized in Georgia 1635 30 Net losses incurred 4731 19 UNITED STATES BRANCH OF THE NORWICH UNION FIRE INSURANCE SOCIETY LTD OF NORWICH ENGLAND United States Resident Managers J Montgomery Hare and William Hare Augustus Wilkerson Atlanta Ga Attorney for Service in Georgia ICapital Stock 1 Amount of capital deposited 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 2709196 63 4 Extended at 2709196 63 IIIncome 5 Gross premiums 2662 425 36 6 Deduct gross amount paid for reinsurance fire 58367855 return premiums fire 34090434 total 024582 89 7 Total premiums other than perpetual 1737 S42 37 11 Gross interest on bonds and dividends on stocks less 67210 accrued interest on bonds acquired during 1912 86474 18 12 Gross interest on deposits in trust com panies and banks 3576 32ComptrollerGenerals Report 325 13 Gross interest from all other sources viz Dividend on stock of underwriters sal vage company of N T 100 00 17 Total gross interest and rents 90 150 50 25 From agents balances previously charged off 3 91 26 Gross profit on sale or maturity of ledger assets viz Bonds 2562 50 28 Total income ijS40559 28 IIIDisbursements 1 Gross amount paid policyholders for losses including 152671 12 occurring in pre vious years 1213268 05 2 Deduct amount received for salvage fire 1497333 reinsurance fire 291 68053 total 306653 86 9 10 11 12 13 14 15 16 17 20 21 22 23 Net amount paid policyholders for losses j Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 5617603 and expenses 4491318 of special and general agents Salaries fees and all other chaxges of officers directors trustees and home office employees Rents Advertising 480180 printing and stationery 1664579 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 State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Federal corporation tax 41036 city and county taxes 177540 city and county licenses 615268 fees in connection with deposits in Ohio Virginia and Georgia 4525 Other disbursements Subscriptions to directories Insce and other publications 124470 water ice towels and petty supplies 53879 auditors fees and credit 906614 19 19906 32 317105 09 940 37 101119 21 136642 39 15636 56 21447 59 14835 77 1416 63 1449 86 5485 66 28454 24 18278 31 6294 27 35874 61 16211 01 8383 69326 ComptrollekGenerals Eeport reports 243750 rent of safe deposit vaults and premiums on bonds 59603 library bureau for statistical tabulation 262000 miscellaneous office disbursements 401688 total 11453 90 31 Remitted to home office 104629 83 38 Agents balances charged off 1041 97 41 Total disbursements 1773227 47 IVLedger Assets 4 Book value of bonds 165373141 and stocks 43775576 total 2091487 17 5 Cash in companys Branch office 22 02 6 Deposit in trust companies and banks not on interest 3S70 40 7 Deposits in trust companies and banks on interest 373422 07 8 Agents balances representing business written subsequent to Oct 1 1912 300636 03 9 Agents balances representing business written prior to Oct 1 1912 5682 72 11 Bills receivable taken for fire risks 1921 43 13 Total 2777041 Si 14 Less ledger liabilities special agents balances 513 40 16 Total ledger assets 2776528 44 XonLedger Assets 18 Interest due 1171500 and accrued 10 16583 on bonds 218S0 83 21 Reinsurances due on losses paid 2196 55 24 Total 2800605 82 30 Gross assets 2800605 S2 Deduct Assets Not Admitted 31 Cash 389242 investments 1055000 not in control of trustees 14412 42 34 Agents balances representing business written prior to Oct 1 1912 5682 72 35 Bills receivable past due taken for ma rine inland and fire risks 1921 43ComptrollerGenerals Eeport 327 38 Book value of ledger assets over market value viz Stocks and bonds 17533 17 41 Total admitted assets 2761026 08 VLiabilities 1 Gross losses adjusted and unpaid due 3169150 not yet due 716781 38859 31 2 Gross claims for losses in process of ad justment or in suspense plus 1059375 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 92900 00 3 Gross claims for losses resisted 27404 00 4 Total 159163 31 5 Deduct reinsurance due or accrued 37863 50 6 Net amount of unpaid losses and claims 121299 81 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 1108 97170 unearned premiums fifty per cent 554485 85 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 202451252 un earned premiums pro rata 1055017 63 11 Total unearned premiums as computed above 1609503 48 18 Salaries rents expenses bills accounts fees etc due or accrued 1992 62 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35656 84 20 Commissions brokerage and other charges due or to be come due to agents and brokers 18390 39 21 Return premiums 617728 reinsurance premiums 41 31783 total 47495 11 26 Total amount of all liabilities except capital 1834338 25 27 Deposit capital 200000 00 28 Surplus over all liabilities 726687 83 328 ComptrollerGenerals Beport 29 Surplus as regards policyholders 926687 83 30 Total liabilities 2761026 08 VIRisks and Premiums Tire Eisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 367934395 00 3813653 14 2 Written or renewed during the year 258887922 00 2662425 26 3 Excess of original premiums over amount received for reinsurance 22802 32 4 Total 626822317 00 6498880 72 5 Deduct those expired and marked off as terminated 243923007 00 2555694 35 6 In force at the end of the year382899310 00 3943186 37 7 Deduct reinsurance schedule required 82415345 00 809702 15 8 Net amount in force 300483965 00 3133484 22 Business in the State of Georgia During the Year 28 Gross risks written 3 252 810 00 Less 53830900 risks cancelled and 39888700 reinsur ance in companies authorized in Georgia 917196 00 Net risks written 2315614 00 29 Gross premiums on risks written 30 207 27 Less 354902 return premiums and 124793 premiums for reinsurance in companies authorized in Georgia 4796 95 Net premiums received 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 4 27410 32 12900 67 285 43 12615 24 11617 35 295 79 11321 56ComptrollerGenerals Eeport 329 ORIENT FIRE INSURANCE COMPANY OF HARTFORD CONN Archibald G Mcllwaine Jr President Henry W Gray Jr Secretary Eobert A Hancock Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 4 Extended at 338692o 29 IIIncome 5 Gross premiums 2 341 944 24 6 Deduct gross amount paid for reinsurance fire 47592762 marine and inland 8 28787 return premiums fire 384 38990 marine and inland 2430359 892908 98 7 Total premiums other than perpetual 1449035 26 11 Gross interest on bonds and dividends on stocks less 354451 accrued interest on bonds acquired during 1912 112 29S 49 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz Agents balances Bills receivable 16 Gross rents from companys property in cluding 452812 for companys occu pancy of its own buildings 8660 82 29 85 2 68 12500 00 17 Total gross interest and rents 133 491 84 26 Gross profit on sale or maturity of ledger assets viz Bonds 251 90 28 Total income 1582779 00 IIIDisbursements 1 Gross amount paid policyholders for losses including 1608049 occurring in pre vious years 1008145 71 2 Deduct amount Teceived for salvage fire 537544 marine and inland 32500 reinsurance fire 24626626 marine330 ComptkollekGexekals Eepoet and inland 258702 discount fire 62018 total 255173 90 9 10 11 12 13 14 15 16 17 18 19 20 21 92 23 34 Net amount paidpolieyholders for losses Expenses of adjustment and settlement of losses ommissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 3007465 and expenses 2609584 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Kents including 452812 for companys occupancy of its own buildings Advertising 378890 printing and stationery 11 42467 total 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 Federal corporation tax 115127 municipal taxes and licenses 528591 franchise tax 1312850 total Other disbursements Exchange 105690 subscriptions 79480 miscellaneous 380528 total Paid stockholders for interest on dividends amount de clared during the year 41 Total disbursements 752971 81 24402 52 299640 35 2364 75 56170 49 63614 35 8712 41 15213 57 10143 19 677 70 1115 23 3305 33 23471 93 17549 08 8631 04 3008 49 3693 50 27632 34 11080 69 19565 is 5656 98 100000 00 1458621 43 IVLedger Assets 1 Book value of real estate 167 686 38 4 Book value of bonds 276002344 and storks 8826260 total 2848286 04 5 Cash in companys office 2000 88 6 Deposit in trust companies and banks not on interest 083 83 7 Deposits in trust companies and banks on int est 209098 02ComptrollerGenerals Report 331 8 Agents balances representing business written subsequent to Oct 1 1912 267741 25 9 Agents balances representing business written prior to Oet 1 1912 6923 81 11 Bills receivable taken for fire risks 108 25 12 Other ledger assets viz Balances due from other companies 13 Assurance Co so America 16 88 14 Surety Fire Ins Co Baltimore 17 65 15 AtlantaBirmingham Ins Co 114 87 16 Total ledger assets 3511077 86 NonLedger Assets 18 Interest due 1857583 and accrued 17 94206 on bonds 36517 89 24 Total 365lr 89 27 Other nonledger assets viz Reinsurance on paid losses 9780 15 28 Commissions on unpaid reinsurance 5 722 82 30 Gross assets 3563098 72 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 6923 81 35 Bills receivable past due taken for ma rine inland and fire risks 62 50 38 Book value of ledger assets over market value viz Stocks and bonds 127961 04 39 Balances due from other companies 132 52 135079 87 41 Total admitted assets 3 428 018 85 VLiabilities 1 Gross losses adjusted and unpaid due 1549400 not yet due 78600 2 Gross claims for losses in process of ad justment or in suspense plus 420000 Teserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 16280 00 118119 40 17363 75332 ComptrollerGenerals Eeport 4 Total 151763 15 5 Deduct reinsurance due or accrued 22336 31 6 Net amount of unpaid losses and claims 129 426 84 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 832 47343 unearned premiums fifty per cent 416236 70 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 184566592 un earned premiums pro rata 981441 6S 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 7407906 unearned premiums fifty Per cent 37039 S3 11 Total unearned premiums as computed above 1434 717 l 18 Salaries rents expenses bills accounts fees etc due or accrued 370 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33 qo oo 21 Return premiums 117354 reinsurance premiums 11 49121 total 12i6C4 7 23 All other liabilities viz Balances due other companies 256 90 26 Total amount of all liabilities except capital 1610736 40 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 1317282 45 29 Surplus as regards policyholders 1 si 7 is2 45 30 Total liabilities j 3428018 85 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 300105644 00 3170489 04 2 Written or renewed during the year 217000038 00 2236 9gComptrollerGenerals Beport 333 4 Total 517105682 00 540682299 5 Deduct those expired and marked off as terminated 194473534 00 2123165 32 6 In force at the end of the year 322632148 00 3283657 67 7 Deduct amount reinsured schedule re quired 57860410 00 605518 32 8 Xet amount in force 264771738 00 2678139 35 Business in the State of Georgia During the Year 28 Gross risks written 2 794 778 00 Less 46758500 risks cancelled and 11731600 reinsur ance in companies authorized in Georgia 584901 00 Xet risks written 2209877 00 29 Gross premiums on risks written 33 030 09 Less 479259 return premiums and 68027 premiums for reinsurance in companies authorized in Georgia 5472 86 Net premiums received 27 557 23 30 Losses paid deducting salvage 15 658 44 Less losses on risks reinsured in companies authorized in Georgia 29 57 Net losses paid 15628 87 31 Losses incurred 15060 32 Less losses on risks reinsured in companies authorized in Georgia 29 57 Net losses incurred 15 030 75 PACIFIC FIRE INSURANCE COMPANY OF NEW YORK N Y C V Meserole President H G Stephens Secretary Home Office 111 William St New York N Y J F Lewis 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 909211 58 4 Extended at 909211 58334 ComptrollerGeneral s Report IIIncome 5 Gross premiums 743703 92 6 Deduct gross amount paid for reinsurance fire 117532 22 return premiums fire 16063880 total 278171 02 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks 34599 45 12 Gross interest on deposits in trust com panies and banks 237 01 13 Gross interest from all other sources 6 30 17 Total gross interest and rents3 26 Gross profit on sale or maturity of ledger assets viz Stocks 28 Total income 111Disbursements 1 Gross amount paid policyholders for losses including 4858637 occurring in pre vious years 329423 43 2 Deduct amount received for salvage fire 356841 reinsurance fire 3912723 discount fire 178430 total 44479 84 9 10 11 12 13 16 20 21 22 34 Net amount paid policyholders for losses i Expenses of adjustment and settlement of losses Commissions or brokerage Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising printing and stationery Postage telegrams telephone and express Legal expenses Furniture and fixtures Fire department fire patrol and salvage corps assess ments fees taxes and expenses State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Federal corporation tax 9035 auto expenses 11352 total Paid stockholders for interest on dividends amount de clared during the year 465532 90 34842 76 167 87 500543 53 41 Total disbursements 284943 59 2878 21 121213 53 7531 16 875 OK 1641 05 189 74 281 66 10 53 3438 29 5708 86 1120 41 203 87 28000 00 457835 90 ComptbollebGenebal s Bepoet IVLedger Assets 4 Book value of bonds 36589000 and stocks 48290818 total 84879818 5 Cash in companys office 92 54 6 Deposit in trust companies and banks not on interest 10695 73 7 Deposits in trust companies and banks on interest 976 18 8 Agents balances representing business written subsequent to Oct 1 1912 91356 58 16 Total ledger assets NonLedger Assets 18 Interest on bonds 2846 25 24 Total 30 Gross assets Deduct Assets Not Admitted 38 Book value of ledger assets over market value 18513 18 41 Total admitted assets VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 633200 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 63569 80 3 Gross claims for losses resisted 9385 00 6 Net amount of unpaid losses and claims 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 risks 205481 84 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 61655 11 335 951919 2i 2846 25 954765 46 936252 28 72954 80336 ComptrollerGenerals Eeport 11 Total unearned premiums as computed above 267136 95 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 5000 00 26 Total amount of all liabilities except capital 345091 75 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 391160 53 29 Surplus as regards policyholders 591160 53 30 Total liabilities 936252 28 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 44480810 00 584453 65 2 Written or renewed during the year 57369122 00 743703 90 4 Total 101849932 00 1328157 57 5 Deduct those expired and marked off as terminated 47926204 00 673764 SO 6 In force at the end of the year 53923728 00 654392 77 7 Deduct reinsurance schedule required 10152849 00 124297 52 8 Net amount in force 43770879 00 530095 25 PALATINE INSURANCE COMPANY LTD OF LONDON ENGLAND A IT Viray iTauager John A Whitner Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 3460152 47 4 Extended at 3469152 47 IIIncome 5 Gross premiums 2756044 07 6 Deduct gross amouut paid for reinsuranceComptrollerGenerals Report 337 fire 40323107 return premiums fire 53826574 total 941496 81 7 Total premiums other than perpetual 1814547 26 11 Gross interest on bonds and dividends on stocks less 149417 accrued interest on bonds acquired during 1912 116285 83 12 Gross interest on deposits in trust com panies and banks 3508 59 17 Total gross interest and rents 119 794 42 23 Received from home office 2 628 21 26 Gross profit on sale or maturity of ledger assets viz Stocks 2493 01 28 Total income 1939462 90 IIIDisbursements 1 Gross amount paid policyholders for losses including 9654998 occurring in pre vious years 1138196 92 2 Deduct amount received for salvage fire 1026006 reinsurance fire 180 50499 total 190765 05 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 2846056 and expenses 2031601 of special and general agents 8 Salaries fees and all other cEarges of officers directors trustees and home office employees 9 Bents 10 Advertising 119800 printing and stationery 14 34727 total 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 947431 87 25377 17 413274 93 3196 66 48776 57 76718 10 11497 89 15545 27 10407 78 712 10 3577 84 2899 93 19743 12 15460 37 11712 80 32639 23 8729 24338 ComptrollerGexekals Eepokt 22 All other licenses fees and taxes Federal corporation tax 112214 city and county taxes 708333 fran chise tax 114697 total 9352 44 31 Exchange 1749 14 32 Remitted home office 410205 24 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 522695 stocks 764140 total 12868 35 41 Total disbursements 2081876 04 IVLedger Assets 4 Book value of bonds 237280137 and stocks 34980390 total 2722605 27 6 Deposit in trust companies and banks not on interest 19603 11 7 Deposit in trust companies and banks on interest 184766 06 8 Agents balances representing business written subsequent to Oct 1 1912 390033 37 9 Agents balances representing business written prior to Oct 1 1912 9678 85 11 Bills receivable taken for fire risks 52 67 16 Total ledger assets 3326739 35 XonLedger Assets 18 Interest accrued on bonds 31634 00 24 Total 31634 00 30 Gross assets 3358373 33 Deduct Assets Xot Admitted 34 Agents balances representing business written prior to Oct 1 1912 9678 85 35 Bills receivable past due taken for ma rine inland and fire risks 52 67 38 Book value of ledger assets over market value viz Bonds and stocks 98065 27 40 Cash investments not in control of trustees 108869 17 516665 96 41 Total admitted assets 2841707 37ComptrollerGenerals Keport 339 Liabilities 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of ad justment or in suspense plus 2160000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 24238 00 134499 00 23683 00 182420 00 34969 32 6 Net amount of unpaid losses and claims 147450 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 1256 66481 unearned premiums fifty per cent 628332 41 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 201597534 un earned premiums pro rata 1087985 02 11 Total unearned premiums as computed above 1716317 43 18 Salaries rents expenses bills accounts fees etc due or accrued 10385 82 19 Estimated amount hereafter payable for federal state and other faxes based upon the business of the year of this statement 35061 62 20 Commissions brokerage and other charges due or to be come due to agents and brokers 42744 25 21 Return premiums 959741 reinsurance premiums 38 44805 total 48045 46 26 Total amount of all liabilities except capital 2000005 26 28 Surplus over all liabilities 841702 11 30 Total liabilities 2841707 37 VIBisks and Premiums Fire Eisks Premiums Thereon 1 In force December 31 1911324742726 00 3639245 61 2 Written or renewed during 1912 250528193 00 2756044 07340 ComptrolleeGeneeals Report 4 Totals575270919 00 6395289 68 5 Deduct expirations and cancellations 2245838S1 00 2546959 16 6 In foTce December 31 1912350687038 00 3848330 52 7 Deduct amount reinsured 52884037 00 575690 37 8 Net amount in force 297803001 00 3272640 15 THE PENNSYLVANIA FIRE INSURANCE COMPANY OF OF PHILADELPHIA PENN R Dale Benson President W Gardner Crowell Secretary ICapital Stock Amount of capital paid up in cash 750000 00 Amount of ledger assets as per balance December 31 of previous year 7743621 15 IIIncome Gross premiums 4644627 36 Deduct gross amount paid for reinsurance fire 50157895 return premiums fire 66556269 total 1167141 64 9 10 11 12 13 16 IS 26 Total premiums other than perpetual 3477485 72 Deposit premiums written on perpetual risks gross Gross interest on mortgage loans Gross interest on collateral loans Gross interest on bonds and dividends on stocks less 365780 accrued interest on bonds acquired during 1912 Gross interest on deposits in trust com panies and banks Gross interest from all other sources Gross rents from companys property in cluding 800000 for companys occu pancy of its own buildings From other sources Transfer fees 39550 conscience 45000 total 845 50 Gross profit on sale or maturity of ledger assets viz Bonds 10537 38 96061 75 9509 95 8040 17 279193 47 3974 2i 6 30 B283 oo 28 Total income 3893939 50ComptrollerGenerals Eepobt IIIDisbursements 1 Gross amount paid polieyholders for losses including 37688631 occurring in pre vious years 2095174 52 2 Deduct amount received for salvage fire 647269 reinsurance fire 9515910 discount fire 171060 total 103342 39 341 9 10 11 12 13 14 15 16 17 18 19 20 21 90 23 33 34 Net amount paid polieyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 11636560 and expenses 2424148 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Bents including 800000 for companys occupancy of its own buildings Advertising 471717 printing and stationery 2449120 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 Federal corporation tax Municipal Capital stock Other disbursements Miscellaneous Deposit premiums returned Paid stockholders for interest on dividends amount de clared during the year Gross loss on sale or maturity of ledger assets viz Bonds 1991832 13 54335 87 770575 05 140007 08 72208 50 22366 18 29208 37 22905 76 1397 35 2668 31 8442 09 45563 75 1615 22 12693 00 440 73 2445 59 78058 14 15568 34 2489 71 7120 55 8861 99 23559 20 28730 55 225000 00 1080 00 41 Total disbursements 3569773 k IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 189377 07 174750 00342 ComptrollerGenerals Eeport 3 Loans secured by pledge of bonds stocks or other collateral 275467 11 4 Book value of bonds 606420147 and stocks 42042040 total 6484621 87 5 Cash in companys office 1262 49 7 Deposit in trust companies and banks on interest 181825 79 8 Agents balances representing business written subsequent to Oct 1 1912 727491 68 9 Agents balances representing business written prior to Oct 1 1912 32991 18 16 Total ledger assets 8067787 19 NonLedger Assets 17 Interest accrued on mortgages 2292 87 18 Interest accrued on bonds 83821 62 19 Interest accrued on collateral loans 1445 84 24 Total 87560 33 30 Gross assets 8155347 52 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 32991 18 38 Book value of ledger assets over market value viz Bonds 207400 87 39 Real estate 50377 07 40 Collateral 8967 11 41 Total admitted assets 7855611 29 VLiabilities 1 Gross losses adjusted and unpaid 21313 94 2 Gross claims for losses in process of ad justment or in suspense 296696 96 3 Gross claims for losses resisted 26344 46 4 Total 344355 36 5 Deduct reinsurance due or accrued 24237 81 6 Net amount of unpaid losses and claims 320117 55 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpiredComptrollerGeneral s Keport 343 fire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 2299 76699 unearned premiums fifty per cent 1149883 49 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 436015880 un earned premiums pro rata 2236363 24 11 18 19 20 21 26 27 28 29 30 Total unearned premiums as computed above 966874 31 Salaries rents expenses bills accounts fees etc due or accrued 2500 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40000 00 Commissions brokerage and other charges due or to be come due to agents and brokers 22175 40 Reinsurance premiums 35000 00 Total amount of all liabilities except capital 4772913 9 Capital actually paid up in cash 750000 00 Surplus over all liabilities 2332697 30 Surplus as regards policyholders 3082697 30 Total liabilities 7855611 29 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 6 under this heading in last years statement 677287983 7079162 98 Written or renewed during the year 453795333 4644627 36 Total 1131083316 11723790 34 Deduct those expired and marked off as terminated 401539553 4362763 84 In force at the end of the year 729543763 7361026 50 Deduct amount reinsured schedule re quired 72252 599 701100 71 Net amount in force 657291164 6659925 79 Perpetual risks not included above 4280249300 de posit premiums on same 1066838 11344 ComptrollerGenerals Eeport Business in the State of Georgia During the Year 28 Gross risks written 6414149 00 Less 90397400 riske cancelled and 92946400 reinsur ance in companies authorized in Georgia 1833438 00 Net risks written 4580711 00 29 Gross premiums on risks written 109210 55 Less 1370914 return premiums and 1634934 premiums for reinsurance in companies authorized in Georgia 30058 48 Net premiums received 79152 07 30 Losses paid deducting salvage 60713 83 Less losses on risks reinsured in companies authorized in Georgia 4078 74 Net losses paid 56635 09 31 Losses incurred 50723 34 Less losses on risks reinsured in companies authorized in Georgia 3566 01 Net losses incurred 47157 33 PENNSYLVANIA LUMBERMENS MUTUAL FIRE INSURANCE COMPANY OF PHILADELPHIA PENN Edward F Henson President Harry Humphreys Secretary F Wade Vaughan Attorney for Service in Georgia IGuaranty capital 2 Amount of ledger assets as per balance December 31 of previous year 535346 92 4 Extended at 535346 92 IIIncome 5 Gross premiums 471125 18 6 Dedact gross amount paid for reinsurance 5375 return premiums 4872823 48781 98 7 Total premiums 422343 20 8 Gross interest on mortgage loans 189 00ComptrollerGenerals Eeport 10 Gross interest on bon3s and dividends on stocks less 87638 accrued interest on bonds acquired during 1912 20153 95 11 Gross interest on deposits in trust com panies and banks 1778 23 16 Total gross interests and rents 17 From other sources Transfer of balance of agency profits 26 From agents balances previously charged off 27 Gross increase by adjustment in book value of ledger assets viz Bonds 29 Total income 9 10 11 12 13 16 17 20 21 22 23 31 34 35 IIIDisbursements Gross amount paid policyholders for losses Including 976732 occurring in pre vious years 137284 21 Deduct amount received for salvage 12841 discount 26414 total 392 55 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Inspection charges Salaries fees and all other charges of officers directors trustees and home office employees Bents Advertising 255260 printing and stationery 221368 Fostage telegrams telephone express and incidentals Legal expenses Furniture and fixtures 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 Federal corporation tax Other disbursements Traveling expenses 227343 offi cers meetings and mileage 223563 total Dividends to policyholders 40 of earned premium Agents balances charged off Gross loss on sale or maturity of ledger assets viz Bonds 345 22121 18 6582 43 6 02 325 00 451377 83 136891 66 1021 95 24369 11 29644 77 2768 00 4766 28 4572 09 432 66 471 81 254 16 8392 73 3616 91 1621 74 332 46 4509 06 147841 64 219 88 60 00 346 ComptbolleeGeneeals 36 Gross decrease by adjustment in book valu assets viz Bonds 485463 stocks 25 IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds 49819000 and stocks 220000 total Kepokt e of ledger DO 4879 63 3500 00 500390 00 634 25 73560 96 27574 34 152 40 4246 26 376666 54 610058 21 7160 66 7 Deposit in trust companies and banks on 8 Agents balances representing business written subsequent to Oct 1 1912 9 Agents balances representing business 11 Other ledger assets viz Office furniture 15 Total ledger assets NonLedger Assets 15 75 7144 91 23 Total 617218 87 4398 66 Deduct Assets Not Admitted 32 Agents balances representing business written prior to Oct 1 1912 152 40 612820 21 23750 27 VLiabilities 2 Gross claims for losses in process of ad 23750 27 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ComptbolleeGenebals Repobt 347 ed and receivable upon all unexpired risks running one year from date of policy unearned premiums fifty per cent 206629 94 9 Total unearned premiums as computed above 206629 94 12 Salaries rents expenses bills accounts fees etc due or accrued 85 63 13 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4691 13 14 Inspection charges due or to become due to agents and brokers 1614 61 34 Total amount of all liabilities 236771 58 35 Surplus 376048 63 36 Total liabilities 612820 21 VIBisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 16351604 00 360962 65 2 Written or renewed during the year 21232381 00 471125 18 4 Total 37583985 00 832087 83 5 Deduct those expired and marked off as terminated 18659874 00 418827 95 6 In force at the end of the year 18924111 00 413259 88 Business in the State of Georgia During the Year 22 Gross risks written 254300 00 Less 5515000 risks cancelled 55150 00 Net risks written 199150 00 23 Gross premiums on risks written 8329 06 Less 350365 return premiums and dividends 3503 65 Net premiums received Net losses paid Net losses incurred 4825 41 44 00 94 00348 ComptrollerGenerals Report PENNSYLVANIA MILLEES MUTUAL FIRE INSURANCE COMPANY OF WILKES BARRE PA Asher Miner President John Hoffa Secretary F Wade Vaughan Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 313545 22 4 Extended at 313545 22 ITIncome 8844 I 7 56 5 Gross deposit premiums 6 Deduct gross amount paid for return de posit premiums fire 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 600 00 11 Gross interest on bonds and dividends on stocks less 60211 acerued interest on bonds acquired during 1912 1219s It 12 Gross interest on deposits in trust com panies and banks 701 60 17 Total gross interest and rent ft 18 From other source Assessments 19 Inspection and survey lees 80 I ommissions 21 Sundries 28 Total income 111Disbursements 1 Gross amount paid policyholders for lot including 983333 occurring in pre vious yean 51HI 7i 2 Deduct amount received for salvage fire 151727 discount ire 9092 18 IB ft Ifet amount paid policyholders for losses 4 Expense of adjustment and settlement of losses 5 miimissions or brokerage cries fees and all other charges of officers dire 30129 23 13199 74 1295 19 41 424 66 711 75 94 50 187957 51 49990 55 361 06 4416 05ComptrollerGenerals Report 349 trustees and home office employees 12280 00 9 Rents 630 00 10 Advertising 80023 printing and stationery 67568 1475 91 11 Postage telegrams telephone and express 917 03 12 Legal expenses 99 40 13 Furniture and fixtures 112 75 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses included in items 20 and 21 17 Inspections and surveys 8 594 53 20 State taxes on premiums insurance department licenses and fees 109 10 22 All other licenses fees and taxes Federal corporation tax 233 47 State tax on investments 114 54 23 Other disbursements 24 Annual and special mtg expense 670 68 25 Auditing 159 00 26 Prem on Guaranty Bonds 124 00 27 Mercantile reports 105 00 28 Sundries 378 12 29 Premiums on bonds purchased 2 601 92 33 Deposit premiums returned see item 6 on page 1 41 Total disbursements S4 873 11 IVLedger Assets 2 Mortgage loans on real estate 10600 00 4 Book value of bonds 342742 50 5 Cash in companys office 496 90 6 Deposit in trust companies and banks not on interest 17174 21 7 Deposit in trust companies and banks on interest 28904 80 8 Agents balances representing business written subsequent to Oct 1 1912 3165 99 16 Total ledger assets 403084 40 NonLedger Assets 17 Interest accrued on mortgages 79 00 18 Interest accrued on bonds 2888 05 24 Total 2907 05 26 Market value not including interest in item 18 of bonds and stocks over book value 4647 50 27 Other nonledger assets viz Assessments 1829 06 30 Gross assets 412528 01350 CompteolleeGenekals Eepoet VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 5500 00 6 Net amount of unpaid losses and claims 7 Gross deposit premiums less reinsurance received and receivable upon all unex pired Are risks running one year or less from date of policy including interest premiums on perpetual fire risks 5500 00 S0819 20 11 Total unearned deposit permiuins as computed above 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 80SI9 20 1000 00 26 Total amount of all liabilities except capital 29 Surplus as regards policyholders 87319 20 325208 81 30 Total liabilities and surplus 412528 01 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 9124822 83 131509 17 2 Written or renewed during the year 5708829 16 88444 19 4 Total 1483365199 219953 96 5 Deduct those expired and marked off as terminated 4435448 48 58315 56 6 In force at the end of the year 10398203 51 161638 40 Business in the State of Georgia During the Year 28 Gross risks written 3975000 00 Less risks cancelled 1052412 00 Net risks written 2922588 00 29 Gross deposit premiums on risks written 1550 G5 Loss return premiums 414 05 Net premiums received 1136 60ComptrollerGenerals Eeport 351 PEOPLES NATIONAL FIRE INSURANCE COMPANY OF WILMINGTON DELAWARE Xouis S Amonson President Henry T Alley Secretary Robt X Hughes 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 2033286 55 4 Extended at 2033286 55 IIIncome 5 Gross premiums 1348466 66 6 Deduct gross amount paid for reinsurance fire 19750770 return premiums fire 29107200 total 488579 70 7 Total premiums other than perpetual 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 14389 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz On certf deposit American Trust Co 4643 interest on mortg Miami for closed 74100 Int on purchase price companys building pending transfer 172500 miscellaneous 4846 total 859886 96 3760 05 32698 01 4963 35 50755 04 871 32 2560 89 17 Total gross interest and rents 19 Borrowed money 20 Gain on perpetual Dolicies cancelled 25 From agents bala les previously charged off 26 Gross profit on sale or maturity of ledger assets viz Ponds 310805 stocks 228000 total 91848 61 110000 00 32 19 11 82 5388 05 28 Total income 1070927 63352 ComptrollerGenerals Eeport IIIDisbursements 1 Gross amount paid polieyholders for losses 2 Deduct amount received for salvage fire 374616 reinsurance fire 27936450 discount fire 84482 total 942471 283955 48 3 Net amount paid polieyholders for losses 658516 40 4 Expenses of adjustment and settlement of losses 18694 08 5 Commissions or brokerage 276042 22 7 Salaries 922582 and expenses 653963 of special and general agents 15765 45 8 Salaries fees and all other charges of officers directors trustees and home office employees 56064 82 9 Bents 3941 96 10 Advertising 418486 printing and stationery 713520 11320 06 11 Postage telegrams telephone and express 5965 05 12 Legal expenses 59 80 13 Furniture and fixtures 26S 65 14 Maps including corrections 4084 23 15 Underwriters Boards and Tariff Associations 10495 49 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 2259 01 17 Inspections and surveys 1662 88 18 Bepairs and expenses other than taxes on real estate 260 17 20 State taxes on premiums 19012 04 21 Insurance department licenses and fees 11935 68 23 Other disbursements 24 Borrowed money repaid 110000 00 25 Interest on above 1482 48 26 Traveling expense 5405 38 27 Safe deposit box 25000 registration fee 9250 342 50 28 Bond and insurance premiums 755 49 29 Insurance department examination 5902 06 30 Certified accountant audit 198 33 31 Miscellaneous expense 1 677 75 33 Deposit premiums returned 791 38 39 Gross loss on sale or maturity of ledger assets viz Bonds 313 72 41 Total disbursements 1223217 08 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collateral 168856 34 473347 50 7800 00ComptrollerGeneral s Eeport 353 4 Book value of bonds 92456782 and stocks 12249625 total 1047064 07 5 Cash in companys office 10954 12 6 Deposit in trust companies and banks not on interest 500 00 7 Deposit in trust companies and banks on interest 156094 19 8 Agents balances representing business written subsequent to Oct 1 1912 114181 00 9 Agents balances representing business written prior to Oct 1 1912 2199 93 16 Total ledger assets 1980997 15 NonLedger Assets 17 Interest due 12150 and accrued 671251 on mortgages 6834 01 18 Interest accrued on bonds 13822 87 19 Interest on collateral loans 167 06 24 Total 20823 94 25 Market value of real estate over book value 31143 60 27 Other nonledger assets Unlisted assets schedule 4 250 00 30 Gross assets 2033214 75 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 2199 93 38 Book value of ledger assets over market value viz Stocks plus 1515375 bonds minus 2878760 total 13633 85 41 Total admitted assets 2017380 97 VLiabilities 1 Gross losses adjusted and unpaid due 1437235 not yet due 322298 17595 33 2 Gross claims for losses in process of ad justment or in suspense plus 344206 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 87077 67 3 Gross claims for losses resisted 4751 01 4 Total 109424 01 5 Deduct reinsurance due or accrued 32656 77 354 ComptrollerGenerals Eeport 6 Net amount of unpaid losses and claims 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 48830561 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 60700951 un earned premiums pro rata 76767 24 244152 81 332312 58 11 Total unearned premiums as computed above 12 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or deposit received 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 24 Mortgage on companys building 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 242972 11 576465 39 11176 23 10000 00 100000 00 774408 86 29 Surplus as regards policyholders 30 Total liabilities 1242972 11 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 191316972 00 213193156 2 Written or renewed during the year 91601892 00 1348466 66 4 Total 282918 864 00 3480398 22 5 Deduct those expired and marked off as terminated 133681378 00 1834437 84 6 In force at the end of the year149237486 00 1645960 38 7 Deduct reinsurance schedule required 51116457 00 550645 26 8 Net amount in force 98121029 00 1095315 12 9 Perpetual risks not included above 39820000 deposit premiums on same 12418 03ComptbolleeGeneeals Eepobt 355 Business in the State of Georgia During the Year 28 Gross risks written 1035233 00 Less 32577400 risks cancelled and 16576600 reinsur ance in companies authorized in Georgia 491540 00 Net risks written 543693 00 29 Gross premiums on risks written 29270 70 Less 733540 return premiums and 400243 premiums for reinsurance in companies authorized in Georgia 11337 S3 Net premiums received 17932 87 30 Losses paid deducting salvage 12657 55 Less losses on risks reinsured in companies authorized in Georgia 3047 19 Net losses paid 9610 36 31 Losses incurred 14435 58 Less losses on risks reinsured in companies authorized in Georgia 3049 19 Net losses incurred 11386 39 PHOENIX ASSUEANCB COMPANY LTD L P Bayard and P Beresford Joint Managers Home Office 100 William St New York N Y Edgar Dunlap Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 3727759 46 4 Extended at 3727759 46 IIIncome 5 Gross premiums 3941461 84 6 Deduct gross amount paid for reinsurance fire 90316123 marine and inland 3277469 return premiums fire 627 29556 marine and inland 905760 1572289 08 7 Total premiums other than perpetual 2369172 76356 CompteolleeGeneeals Eepoet 11 Gross interest on bonds and dividends on slocks less 214954 accrued interest on bonds acquired during 1912 122642 01 12 Gross interest on deposits in trust com panies and banks 3977 63 14 Philadelphia Fire Underwriters deposit 6 30 17 Total gross interest and rents 126625 94 18 From other sources Received from home office 49021 40 26 Gross profit on sale or maturity of ledger assets viz Bonds 63 75 27 Gross increase by adjustment in book value of ledger assets viz Bonds 1000 00 28 Total income 2545883 85 IIIDisbursements Gross amount paid policyholders for losses including 22626184 occurring in pre vious years Deduct amount received for salvage fire 1562724 reinsurance fire 49106924 marine and inland 621842 discount fire 58962 total 1832414 87 513504 52 3 Net amount paid policyholders for losses 1318910 35 4 Expenses of adjustment and settlement of losses 47743 40 5 Commissions or brokerage 446683 98 6 Allowances to local agencies for miscellaneous agency expenses 8567 58 7 Salaries 8643462 and expenses 4893732 of special and general agents 135371 94 8 Salaries fees and all other charges of officers directors trustees and home office employees 140818 96 9 Rents 22875 64 10 Advertising 376604 printing and stationery 2618492 29950 96 11 Postage telegrams telephone and express 28696 45 12 Legal expenses 363 97 13 Furniture and fixtures 6154 78 14 Maps including corrections 6356 35 15 Underwriters Boards and Tariff Associations 32169 18 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 33284 34 17 Inspection and surveys 19691 53 20 State taxes on premiums 50833 72 21 Insurance department licenses and fees 10597 25 22 All other licenses fees and taxes Federal corporation23 32 38 39 40 41 4 5 13 14 16 18 24 28 30 33 34 41 ComptbolleeGenebals Kepobt 357 tax 62295 state licenses 130000 local taxes 7 11333 advertising required by law 106790 total 9904 18 Other disbursements Interest paid to reinsurers 4540 premiums on bonds required by states 36500 ex change 190826 total 2318 66 Remitted to home office 39971 89 Agents balances charged off 15 30 Gross loss on sale or maturity of ledger assets viz Bonds 546 87 Gross decrease by adjustment in book value of ledger assets viz Bonds 38097 50 Total disbursements 2429925 28 IVLedger Assets Book value of bonds 299893000 and stocks 308600 3002016 00 Cash in companys office 256 06 Deposit in trust companies and banks not on interest 9601 15 Deposit in trust companies and banks on interest 300966 83 Agents balances representing business written subsequent to Oct 1 1912 510975 41 Agents balances representing business written prior to Oct 1 1912 6809 70 Philadelphia Fire Underwriters Deposit 200 00 Furniture fixtures and safes 12892 88 Total ledger assets 3843718 03 NonLedger Assets Interest due 2724375 and accrued 15 41835 on bonds 42662 10 Total 42662 10 Reinsurance due on losses paid 611136 00 Gross assets 3892491 49 Deduct Assets Not Admitted Furniture fixtures and safes 12892 88 Agents balances representing business written prior to Oct 1 1912 6809 70 Total admitted assets 3872788 91358 CoMPTBOLLEBGrENEBAL s RePOBT VLiabilities 1 Gross losses adjusted and unpaid not yet due 56818 00 2 Gross claims foT losses in process of ad justment or in suspense plus 1061200 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 222155 28 3 Gross claims for losses resisted 26257 00 4 Total 305230 28 5 Deduct reinsurance due or accrued 92345 00 6 Net amount of unpaid losses and claims 212885 28 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 1467 29374 unearned premiums fifty per cent 733646 87 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 252970767 un earned premiums pro rata 1331619 03 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 1539385 unearned premiums fifty per cent 7696 92 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 1201 95 11 Total unearned premiums as computed above 2074164 77 18 Salaries rents expenses bills accounts fees etc due or accrued 9000 09 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 45500 00 21 Reinsurance premiums 72716 82 26 Total amount of all liabilities except capital 2414266 96 29 Surplus as regards policyholders 1458521 95 30 Total liabilities 3872788 91ComptrollerGeneral s Report VIRisks and Premiums 359 Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 51176353100 5078658 68 Written or renewed during the year 406655659 00 3941461 84 Excess of original premiums over amount received for reinsurance 3210 47 Total 918419190 00 9023330 99 Deduct those expired and marked off as terminated 379764448 00 3708673 47 In force at the end of the year538654742 00 5314657 52 Deduct reinsurance schedule required 136499837 00 1301060 31 28 29 Net amount in force 402154905 00 4013597 21 Business in the State of Georgia During the Year Gross risks written 4524541 00 Less 65669400 risks cancelled and 66814100 reinsur ance in companies authorized in Georgia 1324835 00 Net risks written 3199706 00 Gross premiums on risks written 55708 85 Less 808892 return premiums and 598594 premiums for reinsurance in companies authorized in Georgia 14074 86 30 31 Net premiums received 41633 99 Losses paid deducting salvage 33120 56 Less losses on risks reinsured in companies authorized in Georgia 11572 62 Net losses paid 21547 94 Losses incurred 22926 56 Less losses on risks reinsured in companies authorized in Georgia 5142 62 Net losses incurred 17783 94 360 ComptrollerGenebal s Eepoet PHOENIX FIEE INSURANCE COMPANY OF HARTFOKD CONN D W C Skilton President J B Knox H Temple Secys Cliff C Hatcher 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 year 10363247 71 4 Extended at 10363247 71 IIIncome 5 Gross premiums 7216430 50 6 Deduct gTOss amount paid for reinsurance fire 100516638 return premiums fire 1034792 71 2039959 09 7 Total premiums other than perpetual 5176471 41 9 Gross interest on mortgage loans 2909 59 10 Gross interest on collateral loans 549 35 11 Gross interest on bonds and dividends on stocks less 418814 accrued interest on bonds acquired during 1912 428370 23 12 Gross interest on deposits in trust com panies and banks 10690 85 13 Gross interest from all other sources viz On agents balances 291 01 16 Gross rents from companys property 14089 68 17 Total gross interest and rents 456900 71 23 From Farmers Merchants Natl Bank previously charged off 900 00 25 From agents balances previously charged off 592 16 26 Gross profit on sale or maturity of ledger assets viz Real estate 16636 bonds 26250 stocks 4902258 49451 44 28 Total income 5684315 72 IIIDisbursements 1 Gtoss amount paid policyholders for losses including 54166406 occurring in pre vious years 3277056 79ComptrollerGeneral s Report 361 2 Deduct amount received for salvage fire 1581229 reinsurance fire 52159154 discount fire 164572 total 539049 55 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 34 38 39 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 27112881 and expenses 14363922 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 523922 printing and stationery 4495418 Postage telegrams telepEone 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 Federal corporation tax Municipal taxes and fees Other disbursements Miscellaneous expenses Paid stockholders for interest or dividends amount de clared during the year 32000000 Paid stockholders tax 5549695 total Agents balances charged off Gross loss on sale or maturity of ledger assets viz Real estate 4250 bonds 207000 total 2738007 24 36970 57 1065210 01 414768 03 144919 53 28542 02 50193 40 35879 47 8397 23 8957 91 11252 93 69663 59 16472 95 18693 94 3564 52 2401 58 104233 99 20453 56 4637 43 23401 83 688 91 375496 95 8898 2112 50 41 Total disbursements 5185009 07 IVLedger Assets 1 Book value of real estate 127291 14 2 Mortgage loans on real estate 27700 00 3 Loans secured by pledge of bonds stocks or other collateral 59000 00 4 Book value of bonds 564612876 and stocks 322396324 total 8870092 00 5 Cash in companys office 9972 40362 ComptrollerGeneral s Report Deposit in trust companies and banks not on interest 88886 95 Deposit in trust companies and banks on interest 659983 59 Agents balances representing business written subsequent to Oct 1 1912 1009796 41 Agents balances representing business written prior to Oct 1 1912 9831 87 16 17 18 19 20 23 24 25 26 27 28 29 30 34 41 1 2 Total ledger assets 10862554 36 NonLedger Assets Interest accrued on mortgages 576 75 Interest accrued on bonds 82709 96 Interest accrued on collateral loans 637 06 Interest accrued on other assets 5000 00 Rents accrued on companys property or lease 1168 24 Total Market value of real estate over book value Market value not includinginterest in item 18 of bonds and stocks over book value T Other nonledger assets viz Amount due from American Natl Bank in liquidation Foreign premiums in course of collection which have not been carried to ledger account gross 7165318 less expenses and commissions 1928858 total Eeinsurance due from other companies on losses paid 90092 01 13722 24 780078 50 7070 03 52364 60 9999 57 Gross assets 11815881 28 Deduct Assets Not Admitted Agents balances representing business written prior to Oct 1 1912 9831 87 9831 S Total admitted assets 11806049 41 VLiabilities Gross losses adjusted and unpaid not yet due 246766 19 Gross claims for losses in process of ad justment or in suspense plus 2634822 reserve for losses incurred prior to DecComptrollerGenerals Report 363 31 of which no notice had been received on that date 277575 37 Gross claims for losses resisted 31226 41 Total 555575 37 Deduct reinsurance due or accrued 70566 63 Net amount of unpaid losses and claims 485008 74 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 3276 81571 unearned premiums fifty per cent 1638407 86 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 603303432 un earned premiums pro rata 3337549 41 11 18 19 26 27 28 Total unearned premiums as computed above 4975957 27 Salaries rents expenses bills accounts fees etc due or accrued 30000 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 160000 00 Total amount of all liabilities except capital 5650958 61 Capital actually paid up in cash 2000000 00 Surplus over all liabilities 4155090 80 29 Surplus as regards policyholders 6155090 80 30 Total liabilities 11806049 41 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 1047093036 10478593 45 Written or renewed during the year 819894990 7288083 68 Excess of original premiums over amount received for reinsurance 157693 99 Total 1866988026 17924371 12 Deduct those expired and marked off as terminated 788578842 7175485 22364 ComptrollerGenerals Report 6 In force at the end of the year 1078409184 10748885 90 7 Deduct reinsurance schedule required 110585088 1168003 20 8 Net amount in force 967824096 9580882 70 Business in the State of Georgia During the Year 28 Gross risks written 7312990 00 Less 158774000 risks cancelled and 183846700 rein surance in companies authorized in Georgia 3426207 00 Net risks written 3886783 00 29 Gross premiums on risks written 104913 61 Less 121406300 return premiums and 2005536 prem iums for reinsurance in companies authorized in Ga 32196 09 Net premiums received 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia 72717 52 70346 11 15684 15 Net losses paid 60661 96 31 Losses incurred 60093 48 Less losses on risks reinsured in companies authorized in Georgia 13589 76 Net losses incurred 46803 72 PHENIX FIEE INSURANCE COMPANY OF PARIS FRANCE United States Manager Storkweather Shepley Inc Office of United States Manager 17 Custom House Street Providence E I Wm A Wright Atlanta Attorney for Service in Georgia IDeposit Capital 5 Amount of ledger assets as per balance December 31 of previous year 613229 51 IIIncome 6 Gross premiums 394374 27 7 Deduct gross amolmt paid for return premiums 179926 03 8 Total premiums other than perpetual 214448 24ComptrollerGeneral s Report 365 12 Gross interest on bonds and dividends on stocks 20600 00 13 Gross interest on deposits in trust com panies and banks 772 82 14 Gross interest from all other sources From National Fire Insurance Co for interest under reinsurance treaty 308 05 18 Total gross interest and rents 20 From other sources From National Fire Insurance Co for working account 30 Total income 21680 87 4000 00 240129 11 IIIDisbursements Gross amount paid polieyholders for losses including 176889900 occurring in previous years 129316 62 Deduct amount received for salvage fire 230629 reinsurance fire 1305592 discount fire 3096 total 15393 17 10 15 16 20 21 OQ 23 Net amount paid polieyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries fees and all other charges of officers directors trustees and home office employees Advertising 19715 printing and stationery151 Underwriters Boards and Tariff Associations Fire department fire patrol and salvage corps assess ments fees taxes and expenses State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Federal corporation tax 27114 city taxes and licenses 79881 Other disbursements Paid for interest on deposits to National Fire Ins Co and Aberlle Fire Ins Co 18457 surety bonds under reinsurance treaty 16081 remittance to home office 5000000 audit ing books 5625 total 113923 45 1335 13 60697 41 41 25 198 66 1306 28 1265 48 2682 05 2023 67 1069 95 50401 63 39 Total disbursements 234944 96 IVLedger Assets 4 Book value of Bonds 501000 00 7 Deposit in trust companies and banks on interest 54261 S5 624605 32 2000 00 622605 32 366 ComptrollerGenerals Eeport 8 Agents7 balances representing business written subsequent to Oct 1 1912 63151 81 16 Total Ledger assets 618413 66 NonLedger Assets 18 Interest accrued on bonds 6191 66 24 Total 6191 66 30 Gross assets Deduct Assets Not Admitted 38 Book value of ledger assets over market value 2000 00 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid not yet due 457 69 2 Gross claims for losses in process of ad justment or in suspense plus 1245 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 22807 94 4 Total 23265 63 5 Deduct reinsurance due or accrued 4127 56 6 Net amount of unpaid losses and claims 19138 07 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired Are risks running one year or less from date of policy including interest prem iums on perpetual fire risks 15777059 unearned premiums fifty per cent 78885 30 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 83016 08 un earned premiums pro rata 58643 1311 16 19 21 24 27 CompteollebGeneeals Repoet 367 Total unearned premiums as computed above 137528 43 Salaries rents expenses bills accounts fees etc due or accrued 4300 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20840 09 Eeinsurance premiums 33420 70 Total amount of all liabilities except deposit capital 215227 29 Surplus as regards policyholders 407378 03 28 Total liabilities 622605 32 VIKisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 19341293 00 2Written or renewed during the year 37763142 00 160999 40 394374 27 7 Total 57104435 00 555373 67 Deduct those expired and marked off as terminated 18275538 00 229777 47 In force at the end of the year 38828897 00 325596 20 Deduct amount reinsured 10973987 00 84809 53 Net amount in force 27854910 00 240786 67 PROVIDENCE WASHINGTON FIRE INSURANCE COMPANY OF PROVIDENCE WASHINGTON T B Branch President A G Beak Secretary Dan B Harris Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 3047314 76 3 Increase of paidup capital during year 250000 00 4 Extended at 3297314 76368 ComptrollerGenerals Report IIIncome 5 Gross premiums 5090492 23 6 Deduct gross amount paid for reinsurance fire 74066003 marine and inland 37811169 return premiums fire 54012290 marine and inland 169 68119 total 1828575 81 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 449308 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz On marine premiums 3261916 42 131770 53 5635 69 89 50 17 Total gross interest and rents 137495 72 19 Profit and loss dividend Lehigh Valley Coal Sales Co stock 100000 profit and loss dividend Providence Telephone Co stock 62o000 total 7250 00 26 Gross profit on sale or maturity of ledger assets viz Stocks 141075 60 27 Gross increase by adjustment in book value of ledger assets viz Bonds 1597625 stocks 140000 17376 25 28 Total income 3565113 99 11 fDisbursements 1 Gross amount paid policyholders for losses including 47679728 occurring in pre vious years 2516144 95 2 Deduct amount received for salvage fire 2107669 marine and inland 98 69031 reinsurance fire 35671351 marine and inland 20840392 dis count fire 47043 marine and inland 40327 total 685758 13 3 Net amount paid policyholders for losses 1830386 82 4 Expenses of adjustment and settlement of losses 30427 72 5 Commissions or brokerage 686309 15 7 Salaries 9357464 and expenses 3056604 of special and general agents 124140 68 8 Salaries fees and all other charges of officers directors trustees and home office employees 119213 95ComptbolleeGeneeals Eepoet 369 9 Eents 14282 90 10 Advertising 280937 printing and stationery 2693452 29743 89 11 Postage telegrams telephone and express 22616 13 12 Legal expenses 2235 32 13 Furniture and fixtures 8193 44 14 Maps including corrections 6291 IS 15 Underwriters Boards and Tariff Associations 31365 99 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 20929 04 17 Inspections and surveys 12680 09 20 State taxes on premiums 58843 88 21 Insurane department licenses and fees 12858 83 22 All other licenses fees and taxes Federal corporation tax 5415 county taxes and licenses 22361 city taxes and licenses 760233 franchise taxes 55000 8430 09 23 Other disbursements Exchange 175689 subscriptions to various publications 72739 premiums on Guar anty Bonds 79188 entertainment 72740 Ehode Island Ins Department examination 142586 balance of expense account 42463 total 5854 05 34 Paid stockholders for interest on dividends amount de clared during the year 75000 00 39 Gtoss loss on sale or maturity of ledger assets viz Stocks 17737 50 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 196625 stocks 5635738 58323 63 41 Total disbursements 3175864 26 IVLedger Assets 4 Book value of bonds 139601250 and stocks 126540000 total 2661412 50 5 Cash in companys office 770 02 6 Deposits in trust companies and banks not on interest 17844 26 7 Deposit in trust companies and banks on interest 430863 28 8 Agents balances representing business written subsequent to Oct 1 1912 551751 46 9 Agents balances representing business written prior to Oct 1 1912 245 75 10 Bills receivable taken for marine and in land risks 20788 14 11 Bills receivable taken for fire risks 200 00 12 Other ledger assets viz Balance due370 ComptrollerGenerals Report from reinsuring eompanys Louisville Ins Co 128127 So German Keins Co 131853 Sun Ins Co 8928 2689 08 16 Total ledger assets 3686564 4 NonLedger Assets 18 Interest acerued on bonds n ggo i 20 Interest due on stocks ig 953 25 J 30834 16 2o Market value not including interest in item 18 of bonds and stocks over book value 1059113 50 30 Gross assets 4776512 15 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 245 75 35 Bills receivable past due taken for ma rine inland and fire risks 365 00 610 75 41 Total admitted assets 4775901 40 VLiabilities 1 Gross losses adjusted and unpaid due 52647 21 2 Gross claims for losses in process of ad justment or in suspense plus 3000000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 419550 85 3 Gross claims for losses resisted 23 908 21 4 Total 496106 27 0 Deduct reinsurance due or accrued 129 082 82 6 Net amount of unpaid losses and claims 367 023 45 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 1514 63274 unearned premiums fifty per cent 757316 37ComptrollerGeneral s Report 371 S Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 232670512 un earned premiums pro rata 1241314 28 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 49774470 unearned premiums fifty per cent 248872 36 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 10577461 unearned premiums 50 per cent on time limit risks 55316 36 11 Total unearned premiums as computed above 2302819 37 18 Salaries rents expenses bills accounts fees etc due or accrued 5000 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 52000 00 26 Total amount of all liabilities except capital 2726842 82 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 1049058 58 29 Surplus as regards policyholders 2049058 58 30 Total liabilities 4775901 40 Business in the State of Georgia During the Year 28 Gross risks written 3984392 00 Less 85053000 risks cancelled and 61282900 reinsur ance in companies authorized in Georgia 1126536 00 Net risks written 2857856 00 29 Gross premiums on risks written 38796 98 Less 115003700 return premiums and 68466300 prem iums for reinsurance in companies authorized in Ga 12764 77 Net premiums received 26032 21 30 Losses paid deducting salvage 15531 56 Less losses on risks reinsured in companies authorized in Georgia 1306 95 Net losses paid 14224 61 372 ComptrollerGenerals Report 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 15634 41 1306 95 14327 4G QUEEN INSURANCE COMPANY OF AMERICA NEW YORK Edward P Beddall President Nevett S Bartow Secretary S Y Tupper Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 9542820 17 4 Extended at 9542820 17 IIIncome 5 Gross premiums fire 605526836 marine and inland 68918437 total 6744452 73 6 Deduct gross amount paid for reinsurance fire 71323967 marine and inland 4516467 return premiums fire 86569399 marine and inland 111 32831 total 1735426 64 7 Total premiums other than perpetual 5 009 026 09 9 Gross interest on mortgage loans 2950 00 11 Gross interest on bonds and dividends on stocks less 789558 accrued interest on bonds and stocks acquired during 1912 338498 48 12 Gross interest on deposits in trust corn companies and banks 8 644 28 13 Gross interest from all other sources viz Bills receivable 9 24 17 Total gross interest and rents 350 102 00 25 Prom agents balances previously charged off 9 85 26 Gross profit on sale or maturity of ledger assets viz Stocks 29609 89 28 Total income 5388747 83CompteollebGenebals Repobt 373 IIIDisbursements Gross amount paid policyholders for losses including 34029445 occurring in pre vious years Fire 272434145 ma rine and inland 25361537 total 2977956 82 Deduct amount received for salvage fire 3002102 marine and inland 10 49715 reinsurance fire 37411816 marine and inland 1780024 discount fire 49969 total 432936 26 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 10730745 and expenses 7093977 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees Bents Advertising 2152112 printing and stationery 47 66752 total 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 State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Federal corporation tax 546393 municipal licenses 1047385 local taxes 398551 personal property tax 2415 Provincial taxes 65213 franchise tax 124100 Other disbursements Custodians fees care of securities 200000 subscriptions to mercantile agencies etc 504620 exchange 314106 general traveling ex penses 525380 auditing expenses 265990 fidelity bonds 79943 supper allowance clerks night work 153633 annual conferences entertainment etc 1 00153 spring water ice and towel service 113932 Christmas Gratuities 60647 Rental tabulating Machines 181771 petty items 349785 total 34 Paid stockholders for interest on dividends amount de clared during the year i 9 10 11 12 13 14 15 16 17 20 21 22 23 2545020 56 64730 27 951067 53 21011 42 178247 22 331883 42 47060 96 69188 64 30750 64 695 89 5823 92 14240 99 51342 53 29724 58 25480 36 78508 32 20911 03 21840 57 28499 60 300000 00374 CoMPTROLLEHGrENEKALs BePOET 38 Agents balances charged off 14Q 95 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 09 534 54 41 Total disbursements 4 45 710 04 IVLedger Assets 2 Mortgage loans on real estate 65000 00 4 Book value of bonds 612452608 and stocks 268135019 total 8805876 27 0 Cash in companys offices 7 g69 97 6 Deposits in trust companies and banks not on interest lj834 12 7 Deposit in trust companies and banks on interest 418816 51 8 Agents balances representing business written subsequent to Oct 1 1912 779032 45 9 Agents balances representing business written prior to Oct 1 1912 7135 15 11 Bills receivable taken for fire risks 293 49 16 Total ledger assets 10085857 96 NonLedger Assets 17 Interest accrued on mortgages 1405 13 18 Interest due 97333 and accrued 81 83171 on bonds 82805 04 20 Interest accrued on bank balances 1094 00 24Total 85304 17 28 Due for reinsurance on losses paid 15 143 g2 29 Commission on unpaid reinsurance premiums 13 668 44 30 Gross assets 10i99979 19 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 7135 X5 38 Book value of ledger assets over market value viz Bonds and stocks 198394 03 205529 18 41 Total assets admitted 9 994 450 01ComptbolleeGeneeals Repoet VLiabilities 375 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of ad justment or in suspense plus 2486375 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 136038 66 265739 50 59961 00 461739 16 49921 83 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all un expired fire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 2810 25149 unearned premiums fifty per cent 1405125 73 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 524840905 un earned premiums pro rata 2755854 51 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 41159799 unearned premiums fifty per cent Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 1609358 unearned premiums 100 per cent 411817 33 10 205798 98 16093 58 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Return premiums 894104 reinsurance premiums 60 50625 total 3 All other liabilities viz Pension obligations 4382872 80 27218 08 96004 24 13664 29 69447 29 32280 00376 ComptrollerGeneral s Beport 26 Total amount of all liailities except capital 5033304 03 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 3 961145 98 29 Surplus as regards policyholders 4 961145 98 30 Total liabilities 9994450 01 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force December 311911 767821253 8608986 49 2 Written or renewed in 1912 532 871 425 6055268 36 t 0tf1S 1300692678 14664254 85 5 Deduct expirations and cancellations 497620277 5 795 610 41 6 In force Deeemer 31 1912 803072401 7 Deduct amount reinsured 72 205211 8868644 44 809983 90 8 Net amount in force 730867190 8058660 54 Business in the State of Georgia During the Yei 28 Gross risks written Less 163918600 risks cancelled and 79174100 rein surance in companies authorized in Georgia 2430927 00 10014663 00 Net risks written 29 Gross premiums on risks written Less 2016742 return premiums and 1253780 prem iums for reinsurance in companies authorized in Ga r583736 00 107475 89 32705 22 Net premiums received 134 770 6 30 Losses paid deducting salvage 63498 67 Less losses on risks reinsured in companies authorized in Georgia 1574 89 Net losses paid 31 Losses incurred Iess losses on risks reinsured in companies authorized in Georgia til923 78 67241 67 3888 89 Net losses incurred 63352 78CompteollebGenebals Eepoet 377 ROYAL EXCHANGE ASSURANCE COMPANY OF LONDON ENGLAND R D Hawey United States Manager A L Brooks Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of deposit capital 40000000 2 Amount of ledger assets as per balance December 31 of previous year 2685328 54 4 Extended at 2685328 54 IIIncome 5 Gross premiums fire 253131159 marine 70988719 total 3241198 78 6 Deduct gross amount paid for reinsurance fire 51180379 marine and inland 24863098 return premiums fire 488 81944 marine and inland 7528421 1324538 42 7 Total premiums other than perpetual 1916660 36 11 Gross interest on bonds and dividends on stocks 90353 50 12 Gross interest on deposits in trust com panies and banks 663 30 17 Total gross interest and rents 91016 80 19 Eeeeived from home office 150004 00 20 Conscience money received on account of head office 448 31 25 From agents balances previously charged off 103 54 28 Total income 2158233 01 IIIDisbursements 1 Gross amount paid policyholders foT losses including 14173570 occurring in pre vious years 1311197 12 2 Deduct amount received for salvage fire 942041 marine and inland 519344 reinsurance fire 26061732 marine and inland 10479687 discount fire 87936 total 380907 40 3 Net amount paid policyholders for losses 930289 72 I378 ComptbollebGenebal s Repobt 4 Expenses of adjustment and settlement of losses 20875 01 5 Commissions or brokerage 415269 31 6 Allowances to local agencies for miscellaneous agency expenses 5299 84 7 Salaries 3987092 and expenses 3631004 of special and general agents 76180 96 8 Salaries fees and all other charges of officers directors trustees and home office employees 95066 53 9 Bents 12235 41 10 Advertising 322866 printing and stationery 10 86607 total 14094 73 11 Postage telegrams telephone and express 12013 32 12 Legal expenses 282 56 13 Furniture and fixtures 175 66 14 Maps including corrections 2703 42 15 Underwriters Boards and Tariff Associations 18788 32 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 16586 03 17 Inspections and surveys 5438 73 20 State taxes on premiums 33649 81 21 Insurance department licenses and fees 10734 85 22 All other licenses fees and taxes Federal corporation tax 61922 municipal licenses 703259 county taxes 90190 publication fees 68650 total 9240 21 23 Other disbursements Remitted to home office 290 70162 auditing fees 140000 books of reference 53165 fidelity bonds and insurance premiums premiums 19918 mercantile reports etc 74683 incidental expenses 49658 total 294075 86 38 Agents balances charged off 481 64 41 Total disbursements 1973881 92 IVLedger Assets 4 Book value of bonds 222885176 and stocks 5000000 2278851 76 5 Cash in companys office 359 84 6 Deposits in trust companies and banks not on interest 122633 63 7 Deposits in trust companies and banks on interest 98515 68 8 Agents balances representing business written subsequent to Oct 1 1912 360155 82 9 Agents balances representing business written prior to Oct 1 1912 9162 90 16 Total ledger assets 2869679 63ComptrollerGenerals Report 379 NonLedger Assets 18 Interest accrued on bonds 28234 02 20 Interest due on bank interest 192 84 24 Total 28426 86 30 Gross assets 2898106 49 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 9162 90 38 Book value of ledger assets over market value viz Bonds and stocks 150510 51 40 Total 159673 41 41 Total admitted assets 2738433 08 VLiabilities 1 Gross losses adjusted and unpaid not yet due 700 00 2 Gross claims for losses in process of ad justment or in suspense plus 1586100 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 261538 50 3 Gross claims for losses resisted 55638 00 4 Total 31787650 5 Deduct reinsurance due or accrued 84667 20 6 Net amount of unpaid losses and claims 233209 30 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 962 66276 unearned premiums fifty per cent 48133138 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 171989040 un earned premiums pro rata 922682 64 9 Gross premiums less reinsurance cash and bills received and receivable380 ComptrollerGeneral s Beport upon all unexpired inland navigation risks 14962815 unearned premiums fifty per cent 74814 08 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 5394242 unearned premiums pro rata 30169 75 2434 94 11 Total unearned premiums as computed above 1508 997 85 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Return premiums 900000 reinsurance premiums 33 76634 total 38204 09 6052 50 42766 34 26 Total amount of all liabilities except capital 1831665 02 27 Deposit capital 400000 00 28 Surplus over all liabilities 506768 06 29 Surplus as regards policyholders 906 768 06 30 Total liabilities 2738433 08 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 317320609 00 3234419 36 2 Written or renewed during the year 248624568 00 2531311 59 4 Total 565945177 00 5765731 15 5 Deduct those expired and marked off as terminated 223800862 00 2358049 95 6 In force at the end of the year342144315 00 3407681 20 7 Deduct amount reinsured schedule re quired 77470671 00 r25128 04 8 Net amount in force 264673644 00 2682553 16ComptrollerGenerals Report 381 ROYAL INSURANCE COMPANY LIMITED LIVERPOOL ENGLAND E E Beddall General Attorney for the United States ICapital Stock 1 Amount of deposit capital New York 450000 00 Ohio 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 11810549 92 4 Extended at 11810549 92 IIIncome 5 Gross premiums 12677414 42 6 Deduct gross amount paid for reinsurance fire 199423787 marine and inland 9651480 return premiums fire 1 89322754 marine and inland 131 17839 total 4115158 60 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 225672 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz From sub branch office 16 Gross rents from companys property in cluding 5601603 for companys occu pancy of its own buildings 8562255 82 16556 70 222122 93 12772 54 442 51 398955 14 17 Total gross interest and rents 19 Received from home office 27 Gross increase by adjustment in book value of ledger assets viz Real estate 20217153 bonds 717500 650849 82 27406 16 209346 53 28 Total income 9449858 33 IIIDisbursements 1 Gross amount paid policyholders for losses including 71407704 occurring in pre vious years 5183496 22382 ComptrollerGexeral s Keport 2 Deduct amount received for salvage fire 6475383 marine and inland 12 79125 reinsurance fire 95954030 marine and inland 3453429 discount fire 20511 total 1071824 78 10 11 12 13 14 15 16 17 18 19 20 21 22 23 33 34 38 39 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 15185288 and expenses 9308362 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Bents including 5601603 for companys oecupancy of its own buildings Advertising 4596042 printing and stationery 67 40722 total 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 Bepairs 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 Federal corporation tax 963170 municipal licenses county taxes and fees 1789838 total Other disbursements General traveling expenses 13 72915 subscriptions to mercantile agencies etc 9 83406 exchange 390336 auditing expenses 3 06186 annual conference and entertaining expenses 278912 rental tabulating machines 307729 fidelity bonds 144039 supper allowances clerks night work 213427 water ice and towel service 1 76190 sundry petty expenses 831212 total Deposit premiums returned Bemitted to home office Agents balances charged off Gross loss on sale or maturity of ledger assets viz Bonds 4111671 44 98531 14 1698012 9 23045 89 244936 50 616491 80 86801 91 113367 64 58301 22 3448 22 11502 83 16445 83 95625 03 89089 98 61218 46 173749 28 56550 76 138260 47 27012 05 27530 08 50043 52 3621 40 1151421 06 492 23 6347 46 ComptrollerGeneral s Eeport 383 40 Gross decrease by adjustment in book value of ledger assets viz Eeal estate 834616 bonds 796438 16310 54 41 Total disbursements 8979829 72 IVLedger Assets 1 Book value of real estate 4348500 00 2 Mortgage loans on real estate 258100 00 4 Book value of bonds 528520000 and stocks 22058543 total 5505781 43 5 Cash in companys office 2286 90 7 Deposits in trust companies and banks on interest 808247 25 8 Agents balances representing business written subsequent to Oct 1 1912 1337390 18 9 Agents balances representing business written prior to Oct 1 1912 20268 77 16 Total ledger assets 12280578 53 NonLedger Assets 17 Interest accrued on mortgages 3778 67 18 Interest accrued on bonds 65711 13 23 Kents accrued on companys property or lease 14066 98 24 Total 83556 78 28 Due from other companies for reinsurance on losses already paid 61199 60 30 Gross assets 12425334 91 Deduct Assets Not Admitted 31 Cash 11050012 and all investments 6909625 not in control of trustees 179596 37 34 Agents balances representing business written prior to Oct 1 1912 20268 77 38 Book value of ledger assets over market value Bonds and stocks 153259 68 353124 82 41 Total admitted assets 12072210 09384 CompteollerGenebais Eepoet VLiabilities 1 Gross losses adjusted and unpaid due 5472935 not yet due 5614067 110870 02 2 Gross claims for losses in process of ad justment or in suspense plus 1410800 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 684502 55 3 Gross claims for losses resisted 97813 10 4 Total 893185 67 5 Deduct reinsurance due or accrued 201727 96 6 Net amount of unpaid losses and claims 691457 71 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 4180 42949 unearned premiums fifty per cent 2090214 74 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 1119666374 un earned premiums pro rata 5871253 83 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 54145214 unearned premiums fifty per cent 270726 07 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 2284996 unearned premiums 100 per cent 22849 96 11 Total unearned preminms as computed above 8255044 60 12 Amount reclaimable by the insured or perpetual fire in surance policies being 8595 per cent of the premium or deposit received 88575 95 13 Net premium reserve and all other liabilities except capital under the life insurance or any other special department 87611 66 18 Salaries rents expenses bills accounts fees etc due or accrued 48872 77 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 182725 30 20 21 26 27 28 CompteollerGeneeals Report 385 Commissions brokerage and other charges due or to be come due to agents and biokers 30202 77 Return premiums 780319 reinsurance premiums 39 66681 total 47470 00 Total amount of all liabilities except capital 9431960 76 Capital actually paid up in cash deposit 450000 00 Surplus over all liabilities 2190249 33 29 Surplus as regards policyholders 2640249 33 30 Total liabilities 12072210 09 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 1605617804 16819850 95 2 Written or renewed during the year 1385019895 12677414 42 3 Excess of original premiums over amount received for reinsurance 535828 22 Total 2J9flO637699 30033093 59 Deduct those expired and marked off as terminated 1234459905 11410784 91 In force at the end of the year 1756177794 18622308 68 Deduct reinsurance schedule required 239469296 2680913 35 28 29 30 Net amount in force 1516708498 15941395 33 Perpetual risks not included above 470451500 deposit premiums on same 102103 14 Business in the State of Georgia During the Year Gross risks written 11123071 00 Less 180562800 risks cancelled and 114856900 re insurance in companies authorized in Georgia 2954197 00 Net risks written 8168874 00 Gross premiums on risks written 150027 83 Less 2349690 return premiums and 942700 premiums for reinsurance in companies authorized in Georgia 32923 90 Net premiums received 117103 93 Losses paid deducting salvage 64402 29 Less losses on risks reinsured in companies authorized in Georgia 1349 73 Net losses paid 63052 56386 COMPTROLLERGrENERAL s REPORT 31 Losses incurred 48822 29 Less losses on risks reinsured in companies authorized in Georgia 2287 73 Net losses incurred 46534 56 RHODE ISLAND INSURANCE COMPANY OF RHODE ISLAND George L Shepley President Emil G Pieper Secretary Wm A Wright Atlanta Attorney for Service in Georgia Home Office 17 Custom House Providence R I ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 1171928 64 3 Increase of paidup capital during the year 100000 00 4 Extended at 1271928 64 IIIncome 5 Gross premiums 873731 43 6 Deduct gross amount paid for reinsurance fire 17145073 return premiums fire 17337601 total 344826 74 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 44930 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz From cash deposited with Phila Un derwriters Assn 43710 17 1386 51 3 15 17 Total gross interest and rents 26 Gross profit on sale or maturity of ledger assets viz Bonds 528904 68 45099 83 46 67 28 Total income 574051 18ComptrollerGenebals Repobt 387 IIIDisbursements 1 Gross amount paid policyholders for losses including 5276113 occurring in pre vious years 2 Deduct amount received for salvage fire 696963 reinsurance fire 8982372 discount fire 49542 total 402721 48 97288 77 3 Net amount paid policyholders for losses4 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 10 Advertising 12 Legal expenses 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 20 State Taxes on Premiums 21 Insurance Department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 170844 city taxes and licenses 283875 23 Other disbursements Auditing book 15000 surety bond 37185 commission on investments 18500 Rhode Island Ins Dpt Examination 33842 total 34 Paid stockholders for interest on dividends amount de clared during the year 305432 71 5334 32 167852 02 516 62 101 75 5280 10 3152 16 9385 68 4096 64 4547 19 1045 27 35000 00 41 Total disbursements 541 745 49 IVLedger Assets 4 Book value of bonds 89334329 and stocks 22972500 1123068 29 7 Deposits in trust companies and banks on interest 48215 58 8 Agents balances representing business written subsequent to Oct 1 1912 132850 49 12 Other ledger assets viz Cash deposited with Philadelphia Underwriters Assn 100 00 16 Total ledger assets 1304234 36 NonLedger Assets 18 Interest accrued on bonds 10884 34 20 Interest accrued on other assets United388 ComptrollerGenerals Report Traction Elect Co 62500 Natl Exchange Bank 15000 Union Trust Co Dividend 30000 total 1075 00 24 Total 11959 34 27 Other nonledger assets viz Reinsurance due on losses paid 94 64 30 Gross Assets 1316288 34 38 Book value of ledger assets over market value 17928 29 17928 29 41 Total admitted assets 1298360 05 VLiabilities 1 Gross losses adjusted and unpaid not yet due 13398 22 2 Gross claims for losses in process of ad justment or in suspense plus 193006 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 44221 99 3 Gross claims for losses resisted 5918 94 4 Total 6353915 5 Deduct reinsurance due or accrued 16778 89 6 Net amount of unpaid losses and claims 46760 26 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 37304364 unearned premiums fifty per cent 186521 82 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 41789567 un earned premiums pro rata 234003 37 11 Total unearned premiums as computed above 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 420525 19 10000 00ComptrollerGenerals Eeport 20 Commissions brokerage and other charges due or to be 389 43840 66 28 Surplus over all liabilities 377233 94 521126 11 777233 94 30 Total liabilities 1298360 05 ums Thereon 850388 91 873731 42 VIBisks and Premiums Fire Eisks Premi 1 In force on the 31 day of December as per line 5 under this heading in last years statement 93589193 00 2 Written or renewed during the year 90262037 00 4 Total 183851230 00 5 Deduct those expired and marked off as terminated 73486401 00 172412033 724753 19 6 In force at the end of the year110364829 00 7 Deduct amount reinsured schedule required 12598562 00 999367 14 208427 83 8 Net amount in force 87766267 00 790939 31 TAH GA and Treas SAVANNAH FIRE INSURANCE COMPANY OF SAVAN1 Mills B Lane President W F Fain Sec Home Office Bryan and Drayton Sts Savannah Ga Adams Adams Attorneys for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance IIIncome 5 Gross premiums 24321 46 6 Deduct gross amount paid for reinsurance fire 999181 return premiums fire 287574 total 12867 55 390 ComptrollerGeneral s Report 7 Total premiums other than perpetual 11453 91 12 Gross interest on deposits in trust com panies and banks 838 71 13 Gross interest from all other sources viz City of Savannah Bonds 362 44 16 Gross rents from companys property 5221 25 17 Total gross interest and rents 6422 40 18 From other sources Profit on sale of City of Savannah Bonds 15450 commissions 574554 sale of fur niture 4750 total 5947 54 28 Total income 23823 85 IIIDisbursements 1 Gross amount paid policyholders for losses including 144364 occurring in pre vious years 2 Deduct amount received for reinsurance fire 1960 74 1201 84 3 Net amount paid policyholders for losses 758 90 4 Expenses of adjustment and settlement of losses 42 42 5 Commissions or brokerage 4678 57 8 Salaries fees and all other charges of officers directors trustees and home office employees 3862 50 10 Advertising 49172 printing and stationery 55068 1042 40 11 Postage telegrams telephone and express 167 45 13 Furniture and fixtures 211 00 14 Maps including corrections 237 70 15 Underwriters Boards and Tariff Associations 66 50 18 Repairs and expenses other than taxes on real estate and remodeling 4348 00 19 Taxes on Real estate 1193 16 20 State taxes on premiums 9 40 21 Insurance department licenses and fees 200 00 22 All other licenses fees and taxes Sundry town licenses 260 40 23 Other disbursements Travelling expenses auditing ets 635 55 41 Total disbursements 17713 95 IVLedger Assets 1 Book value of real estate 120000 00 6 Deposits in trust companies and banks not on interest 2852 51 ComptrollerGenerals Eeport 7 Deposits in trust companies and banks on interest 29588 71 8 Agents balances representing business written subsequent to Oct 1 1912 3858 06 16 Total ledger assets NonLedger Assets 21 Interest on cash in savings bank 295 88 22 Rents due 617 50 24 Total 30 Gross assets VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 1600 00 6 Net amount of unpaid losses and claims 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 612417 unearned premiums fifty per cent 3062 09 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 597068 unearned premiums pro rata 4959 38 11 Total unearned premiums as computed above 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 26 Total amount of all liabilities except capitalI 27 Capital actually paid up in cash 100000 00 28 Surplus aver all liabilities 47580 10 29 Surplus as regards policyholders 30 Total liabilities 391 156299 28 913 3S 157212 66 1600 00 8021 47 11 09 9632 56 147580 10 157212 66392 CompteollerGeneeal s Bepoet VIEisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 397933 00 423132 2 Written or renewed during the year 1906589 00 24321 46 4 Total 2304522 00 28552 78 5 Deduct those expired and marked off as terminated 680352 00 6429 61 6 In force at the end of the year 1624170 00 22123 17 7 Deduct amount reinsured schedule re quired 843370 00 10028 32 8 Net amount in force 780800 00 12094 85 Business in the State of Georgia During the Year 28 Net risks written 49925 00 29 Net premiums received 8321 44 30 Net losses paid 696 89 31 Net losses incurred 1935 98 SCOTTISH UNION AND NATIONAL FIRE INSURANCE COMPANY OF EDINBURGH SCOTLAND James H Brewster United States Manager W R Hoyt Attorney for Service in Georgia ICapital Stock 1 Amount of capital deposit 200000 00 2 Amount of leger assets as per balance December 31 of previous year 5216592 55 4 Extended at 5216592 55 IIIncome 5 Gross premiums 3729205 95 6 Deduct gross amount paid for reinsurance fire 94798850 return premiums fire 644272 56 total 1592261 06 7 Total premiums other than perpetual 2136944 89ComptkollehGeneeal s Eepoet 393 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 633791 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com panies and banks 16 Gross rents from companys property 11889 56 196607 48 3011 05 2295 33 17 Total gross interest and rents 213803 42 18 From other sources Eeceived from home office 18140 65 26 Gross profit on sale or maturity of ledger assets viz Bonds 700 00 28 Total income 2369588 96 IIIDisbursements 1 Gross amount paid policyholders for losses including 24209973 occurring in pre vious years 1692021 06 2 Deduct amount received for salvage fire 1261741 reinsurance fire 55589403 discount fire 16300 total 568674 44 9 10 11 12 13 14 i5 17 18 19 20 21 Net amount paid policyholders for losses 1123346 62 Expenses of adjustment and settlement of losses 24056 37 Commissions or brokerage 467181 82 Allowances to local agencies for miscellaneous agency expenses 7574 52 Salaries 4680779 and expenses 3967290 of special and general agents 8648069 Salaries fees and all other charges of officers directors trustees and home office employees 94993 06 Rents 7563 85 Advertising 159803 printing and stationery 17 59008 total 19188 11 Postage telegrams telephone and express 14362 13 Legal expenses 1330 28 Furniture and fixtures 816 66 Maps including corrections 6492 37 Underwriters Boards and Tariff Associations 39614 50 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 29207 19 Inspections and surveys 4264 04 Repairs and expenses other than taxes on real estate 1065 05 Taxes on real estate 709 95 State taxes on premiums 41584 48 Insurance department licenses and fees 11243 39394 ComptrollerGeneral s Bepoet 22 All other licenses fees and taxes Federal corporation tax 1133 17 Municipal licenses 6764 81 23 Other disbursements 24 Mercantile reports 1639 29 25 Office supplies 425 60 26 Premiums on Fidelity Bonds 515 09 27 Safe deposit box 600 00 28 Subscriptions 690 00 29 Tabulating system 1223 72 31 Remitted to home office 21359 31 38 Agents balances charged off 648 87 39 Gross loss on sale or maturity of ledger assets viz Bonds 660 00 41 Total disbursements 2016734 94 IVLedger Assets 1 Book value of real estate 143023 18 2 Mortgage loans on real estate 187900 00 4 Book value of bonds 462802180 and stocks 5020625 total 4678228 05 6 Deposits in trust companies and banks not on interest 10199 71 7 Deposits in trust companies and banks on interest 114444 42 8 Agents balances representing business written subsequent to Oct 1 1912 433616 85 9 Agents balances representing business written prior to Oct 1 1912 2034 36 16 Total ledger assets 5569446 57 NonLedger Assets 17 Interest accrued on mortgages 3239 70 18 Interest due 3979125 and accrued 31 68020 on bonds 71471 45 24 Total 74711 15 30 Gross assets 5644157 72 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 2034 36ComptrolleeGeneeals Report 395 38 Book value of ledger assets over market value viz Bonds and stocks 46439 30 41 Total admitted assets 5595684 06 VLiabilities 1 Gross losses adjusted and unpaid not yet due 57144 00 2 Gross claims for losses in process of ad justment or in suspense plus 782500 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 150325 80 3 Gross claims for losses resisted 18310 00 4 Total 225779 80 5 Deduct reinsurance due or accrued 70400 00 6 Net amount of unpaid losses and claims 155379 80 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 1293 22354 unearned premiums fifty per cent 646611 77 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 274771859 un earned premiums pro rata 1486226 97 11 Total unearned premiums as computed above 2132838 74 18 Salaries rents expenses bills accounts fees etc due or accrued 10000 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30000 00 26 Total amount of all liabilities except capital 2328218 54 27 Capital deposit 200000 00 28 Surplus over all liabilities 3067465 52 29 Surplus as regards policyholders 3267465 52 30 Total liabilities 5505684 06 396 ComptrollerGenerals Beport VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 536619358 00 5134250 96 2 Written or renewed during the year 395149597 00 3729205 91 4 Total 931768955 00 8863456 87 5 Deduct those expired and marked off as terminated 355604372 00 3469549 48 6 In force at the end of the year576164583 00 5393907 39 7 Deduct reinsurance schedule required 152211479 00 1352965 26 8 Net amount in force423953104 00 4040942 13 Business in the State of Georgia During the Year 28 Gross risks written 4668693 00 Less 66198500 risks cancelled and 25656700 reinsur ance in companies authorized in Georgia 918552 00 Net risks written 3750141 00 29 Gross premiums on risks written 51873 15 Less 485638 return premiums and 82359 premiums for reinsurance in companies authorized in Georgia 5679 97 Net premiums received 46193 18 30 Losses paid deducting salvage 29691 96 31 Losses incurred 27299 54 SURETY FIRE INSURANCE COMPANY OF NEW HAVEN CONN John W Ailing President Victor Roth Secretary ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of leger assets as per balance December 31 of previous year 3778224 68 4 Extended at 3778224 68ComptrollerGenerals Report 397 IIIncome 5 Gross premiums 3141796 28 6 Deduct gross amount paid for reinsurance fire 57412719 return premiums fire 54587498 total 1120002 17 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 less 64346 accrued interest on bonds acquired during 1912 13 Gross interest from all other sources viz On premium notes On Philadelphia Underwriters Deposit Asso 16 Gross rents from companys property 2021794 11 13488 28 5253 55 135242 68 92 01 3 15 8937 50 17 Total gross interest and rents 19 Borrowed money 20 Old premium notes 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 163017 17 80000 00 12 00 207 49 568 75 28 Total income 2265599 52 IIIDisbursements 1 Gross amount paid policyliolders for losses including 23299748 occurring in pre vious years 1338360 37 2 Deduct amount received for salvage fire 937509 reinsurance fire 298 84323 discount fire 111218 total 309330 50 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 4734871 and expenses 4090635 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 893750 for companys occupancy of its own buildings 1029029 87 24118 58 423191 56 16870 11 88255 06 108723 61 11927 23398 ComptrollerGenerals Report 10 Advertising 4j0f4113 printing and Stationery 16 99987 total 20041 00 11 Postage telegrams telephone and express 14838 53 12 Legal expenses 2375 20 13 Furniture and fixtures 4 789 05 14 Maps including corrections 7 714 45 15 Underwriters Boards and Tariff Associations 18314 30 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 14 720 40 17 Inspections and surveys 13 271 82 18 Repairs and expenses other than taxes on real estate 335 83 19 Taxes on real estate 2 120 39 20 State taxes on premiums 32 706 87 21 Insurance department licenses and fees 12 612 22 22 All other licenses fees and taxes Tax on capital stock 12 823 47 City and county taxes 5 287 17 Municipal licenses 4 ggg 88 23 Other disbursements 24 General expense schedule 14 426 64 25 Interest on borrowed money 545 00 26 Interest on payments for new stock 5 732 75 27 Borrowed money 80000 00 34 Paid stockholders for interest or dividends amoune de clared during the year 119000 00 38 Agents balances charged off 213 20 11 Total disbursements 2 088 954 20 IVLedger Assets 1 Book value of real estate 239218 25 2 Mortgage loans on real estate 300300 00 3 Loans secured by pledge of bonds stocks or other collateral 94000 00 4 Book value of bonds 213893750 and stocks 70342091 2842340 41 5 Cash in companys office 10228 32 6 Deposits in trust companies and banks not on interest 100420 60 8 Agents balances representing business written subsequent to Oct 1 1912 349999 50 9 Agents balances representing business written prior to Oct 1 1912 124954 11 Bills receivable taken for fire risks 16751 70 13 Cash deposited with Phila Under Asso 100 00 14 Due from Re Ins Companies on paid losses 261 68 16 Total ledger assets 3954870 00ComptrollerGeneral s Eeport NonLedger Assets 399 17 Interest accrued on mortgages 2894 70 18 Interest accrued on bonds 35097 44 19 Interest accrued on collateral loans 683 15 23 Rents accrued on companys property or l lease 312 50 24 Total 38987 79 25 Market value of real estate over book value 25781 75 26 Market value not including interest in item 18 of bonds and stocks over book value 59867 72 30 Gross assets 4079507 26 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 1249 54 35 Bills receivable past due taken for ma rine inland and fire risks 3760 80 40 Total admitted assets 4074496 92 VLiabilities 1 Gross losses adjusted and unpaid not yet due 53896 36 2 Gross claims for losses in process of ad justment or in suspense plus 607971 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 172058 07 3 Gross claims for losses resisted 23623 10 4 Total 249577 53 5 Deduct reinsurance due or accrued 61053 59 6 Net amount of unpaid losses and claims 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 1100 09532 unearned premiums fifty per cent 550047 66 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired 188523 94400 ComptrollerGenerals Eepoet fire risks running more than one year from date of policy 256545123 un earned premiums pro rata 1401859 33 11 18 19 26 27 28 Total unearned premiums as computed above 1951936 99 Salaries rents expenses bills accounts fees etc due or accrued 2819 31 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35000 00 Total amount of all liabilities except capital 2178280 24 Capital actually paid up in cash 1000000 00 Surplus over all liabilities 896216 68 29 Surplus as regards policyholders 1896216 68 30 Total liabilities 4074496 92 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 358486451 00 3918789 30 2 Written or renewed during the year 283998924 00 3141796 28 3 Excess of original premiums over amount received for reinsurance 10397 22 Total 642485375 00 7070982 80 Deduct those expired and marked off as terminated 222831745 00 2611017 75 In force at the end of the year419653630 00 Deduct reinsurance schedule required 71412353 00 4469965 05 804418 50 Net amount in force3 348241277 3665546 55 Business in the State of Georgia During the Year Gross risks written 4823356 00 Less 80615700 risks cancelled and 108928100 rein surance in companies authorized in Georgia 1895438 001 29 Net risks written 2927918 00 Gross premiums on risks written 67434 75 Less 1367863 return premiums and 1286708 prem iums for reinsurance in companies authorzied in Ga 26545 71ComptrollerGenerals Report Net premiums received 30 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 401 40889 04 29902 28 6180 97 23721 31 36210 75 8215 47 27995 28 SOUTHERN MUTUAL INSURANCE COMPANY OF ATHENS GA Billups Phinizy President A E Griffith Secretary Home Office Southern Mutual Building Athens Ga Officers of Company Attorneys for Service in Georgia ICapital Stock 2 Amount of leger assets as per balance Dec 31 of previous year reserve fund 990874 10 4 Extended at 990874 10 IIIncome 5 Gross premiums 380956 20 6 Deduct gross amount paid for return prem iums 6036 63 7 Total premiums 374919 57 10 Gross interest on bonds and dividends on stocks 3602500 15 Gross rents from companys property in cluding 150000 for companys occu pancy of its own buildings 29466 16 Ri 4Q1 1 6 16 Total gross interest and rents mwx 17 From other sources Profit and loss 440412 29 29 Total income IIIDisbursements 1 Gross amount paid policyholders for losses 113340 35402 ComptrollerGenerals Eeport 3 Net amount paid policyholders for losses 5 Commissions 8 Salaries fees and all other charges of officers directors trustees and home office employees 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 206895 tax on cash and office furniture 25311 municipal licenses and taxes 234934 23 Other disbursements Expense account 475762 dis count paid banks 20500 total 31 Dividends to policyholders 113340 35 56236 96 20745 00 10271 31 3800 43 365 30 565 31 4671 40 4962 62 203077 34 37 Total disbursements 418036 02 IVLedger Assets 1 Book value of real estate 265000 00 4 Book value of bonds 52650000 and stocks 18500000 total 711500 00 6 Deposits in trust companies and banks not on interest 29007 S2 5 Agents balances representing business written subsequent to Oct 1 1912 7742 55 15 Total ledger assets 1013250 37 NonLedger Assets 17 Interest due on bonds and stocks 22 Rents due on companys property or lease 16467 50 2322 08 23 Total 18789 58 25 MaTket value not including interest in item 17 of bonds and stocks over book value 127140 00 29 Gross assets 1159179 95 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired 3967 43 3967 43ComptrollerGeneral s Beport fire risks running one year or less from date of policy including interest prem iums fifty per cent 187459 78 403 li 34 Total unearned premiums as computed above 187459 78 Dividends declared and unpaid to policyholders includ ing all unpaid dividends on terminated policies whether Total amount of all liabilities 329 377 58 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last year a statement 38002900 00 Written or renewed during the year 41035452 00 Total 79038352 00 Deduct those expired and marked off as terminated 39886274 00 In force at the end of the year 39152078 00 374919 57 Business in the State of Georgia During the Year Gross risks written 41035452 00 Less risks cancelled 1059106 00 23 Net risks written Gross premiums on risks written Less return premiums 39976346 00 380956 20 6036 63 Net premiums received 374 919 57 Net losses paid 113340 35 Net losses incurred 1173W m SOUTHERN STATES TIRE INSURANCE COMPANY ICapital Stock 1 Amount of capital paid up in cash 205310 00 2 Amount of leger assets as per balance December 31 of previous year 556056 31 3 Decrease of paid up capital during year 205310 00 4 Extended at 350746 31404 ComptrollerGeneral s Report IIIncome Fire Casualty 5 Gross premiums 379229 52 14690 41 6 Deduct gross amount paid for reinsurance fire 5369745 casualty 9 14115 return premiums fire 9189395 total 14559140 9141 15 7 Total premiums other than perpetual 233638 12 9 Gross interest on mortgage loans less 81667 accrued interest on mortgages acquired during 1912 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust com panies and banks 5549 26 239187 38 944 18 73 33 12420 00 6493 87 17 Total gross interest and rents 18 From other sources Furniture sold 21 Surplus by decrease in capital stock 19931 38 171 90 205310 00 28 Total income 464600 66 IIIDisbursements Fire Casualty 1 Gross amount paid policy holders for losses in cluding 3267047 occur ring in previous years 133017 90 9747 29 2 Deduct amount received for salvage fire 19000 reinsurance fire 17 08091 total 17270 91 3 Net amount paid policy holders for losses 115746 99 9747 29 4 Expenses of adjustment and settlement of losses fire 326906 casualty 28903 total 5 Commissions or brokerage fire 6598294 casualty 82733 total 7 Salaries 267750 and expenses 890911 of special and general agents including inspections 8 Salaries fees and all other charges of officers directors trustees and home office employees 125494 28 3558 09 66810 27 11586 61 22112 66 m s ComptrollekGenekals Eepoet 405 9 Rents 10 Advertising 214318 printing and stationery 620457 11 Postage telegrams telephone and express 12 Legal expenses and court costs 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Municipal licenses 179930 taxes 55585 total 23 Other disbursements Interest and exchange 12097 special audits by Ins Dept 209048 medical ex penses and fees casualty 32200 appraisement fees 1100 sundry profit and loss items 22591 acct breech of contract Fitzhugh Bros Memphis 50000 acct breech of contract Barry Steele Greenwood Miss 227703 all other disbursements misce 1 95828 judgments paid stockholders 139834 total 37 Decrease in liabilities during the year on account of re insurance treaties 38 Agents balances charged off 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 66020 00 3 Loans secured by pledge of bonds stocks or other collateral 400 00 4 Book value of bonds 28025550 and stocks 195000 total 282205 50 5 Cash in companys office 230 14 6 Deposits in trust companies and banks not on interest 27919 53 7 Deposits in trust companies and banks on interest 86705 22 8L Agents balances representing business written subsequent to Oct 1 1912 61364 20 9 Agents balances representing business written prior to Oct 1 1912 1967 88 12 Other ledger assets viz Dne from Re Ins Cos 206 29 13 Furniture fixtures and maps 7166 31 14 Trav expenses advanced 418 77 15 Due from Former Fiscal Agt 2528 12 16 Total ledger assets 2448 59 8347 75 2169 34 5256 75 1446 69 272 16 1788 11 3543 21 2355 15 8934 01 3222 67 4076 67 4792 00 278215 01 537131 96406 ComptbolleeUeneeals Repoet NonLedger Assets 17 Interest accrued on mortgages 2490 90 18 Interest accrued on bonds 982 50 19 Interest accrued on collateral loans 29 86 21 Accrued certificates of deposit 2160 97 24 Total 30 Gross Assets Deduct Assets Not Admitted 31 Companys stock owned 195000 loans on 40000 2350 00 33 Furniture fixtures and safes and maps 7166 31 34 Agents balances representing business written prior to Oct 1 1912 1967 88 38 Book value of ledger assets over market value viz Due from fiscal agent 2528 12 41 Total admitted assets 5664 23 542796 19 14012 31 528783 88 VLiabilities 1 Gross losses adjusted and unpaid due 232694 not yet due 1294043 15267 37 2 Gross claims for losses in process of ad justment or in suspense plus 1379667 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 41118 99 3 Gross claims for losses resisted 1100 00 4 Total 57486 36 5 Deduct reinsurance due or accrued 6485 88 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of polfcy including interest prem iums on perpetual fire risks 167 45428 unearned premiums fifty per cent 83727 14 8 Gross premiums less reinsurance receiv 51000 48ComptbollebGenebals Eeport 407 ed and receivable upon all unexpired fire risks running more than one year from date of policy 9936599 unearn ed premiums pro rata 72514 73 11 18 19 21 23 26 27 28 29 30 Total unearned premiums as computed above Salaries rents expenses bills accounts fees etc due or accrued Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement Reinsurance premiums All other liabilities viz Litigation pending Surplus as regards policyholders Total liabilities VIEisks and Premiums 156241 87 730 75 5750 00 3361 87 5000 00 Total amount of all liabilities except capital 222084 97 Capital actually paid up in cash 205310 00 Surplus over all liabilities 101388 91 306698 91 528783 88 Fire Eisks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 4405162 00 97325 72 Written or renewed during the year 18361020 00 379229 52 Total 22766182 00 476555 24 Deduct those expired and marked off as terminated 6663107 00 156037 52 In force at the end of the year 16103075 00 320517 72 Deduct reinsurance schedule required 2485699 00 53697 45 28 29 Net amount in force 13617376 00 266820 27 Business in the State of Georgia During the Year Gross risks written 1646434 00 Less 33358700 risks cancelled and 3441900 reinsur ance in companies authorized in Georgia 368006 00 Net risks written 1278428 00 Gross premiums on risks written 31688 16 Less 544219 return premiums and 70212 premiums for reinsurance in companies authorized in Georgia 6144 31408 ComptrollerGenerals Report Net premiums received 25543 85 30 Losses paid deducting salvage 9476 11 31 Losses incurred 16483 90 SPRINGFIELD FIRE MARINE INSURANCE COMPANY OF SPRINGFIELD MASSACHUSETTS A W Damon President W J Mackay Secretary Jas L Dickey Jr Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 2000000 00 2 Amount of leger assets as per balance December 31 of previous year 9684439 53 4 Extended at 9684439 53 IIIncome 5 Gross premiums 7550569 79 6 Deduct gross amount paid for reinsurance fire 102653386 return premiums fire 106730475 total 2093838 61 7 Total premiums ther than perpetual 9 Gross interest on mortgage loans 67025 96 11 Gross interest on bonds and dividends on stocks less 35054 accrued interest on bonds acquired during 1912 334501 68 12 Gross interest on deposits in trust com panies and banks 4085 31 13 Gross interest from all other sources viz On Portland Oro real estate charged profit and loss 1907 456 60 16 Gross rents from companys property 18000 00 17 Total gross interest and rents 18 From other sources Recovery on Portland Ore real estate charged profit and loss 1907 22500 recover on old real estate act charged to profit and loss 1897 3609 58 refund of taxes on Mass Bank stocks 935983 total 24 Increase in liabilities during the year on account of re insurance treaties 456731 18 424069 55 13194 41 25262 25ComptrollerGeneral s Beport 409 25 From agents balances previously charged off 228 57 26 Gross profit on sale or maturity of ledger assets viz Bonds 3404302 stocks 845000 total 42493 02 28 Total income 5961978 98 IIIDisbursements Gross amount paid policyholders for losses including 44217829 occurring in pre vious years 3469816 09 Deduct amount received for salvage fire 2673917 reinsurance fire 54846841 discount fire 33791 total 575545 49 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Xet amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 18429262 and expenses 12529781 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Eents including 1800000 for companys occupancy of its own buildings Advertising 2003371 printing and stationery 54 12464 total 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 Eepairs 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 Federal corporation tax 82370 Massachusetts franchise tax 935983 county and municipal taxes 1791876 total Other disbursements Interest paid Munich Beins Co per contract 932913 prem on bonds fire and liability policies 98057 mercantile reports directories and magazines 97280 light and heat 318247 laundry toilet etc 98471 auditing and system 204250 2894270 60 40293 12 1055260 54 26078 67 309590 43 320983 34 35161 74 74158 35 28441 47 8190 94 8411 05 17695 29 59387 93 34146 81 37533 07 636 55 4549 25 88573 86 25627 28 28102 29410 ComptrollerGenerals Report lunch system entertaining etc 114452 sundry items not distributed 309963 total 21736 33 34 Paid stockholders foT interest or dividends amount de clared during the year 200000 00 38 Agents balances charged of 2191 99 39 Gross loss on sale or maturity of ledger assets viz Bonds 643 50 40 Gross decrease by adjustment in book value of ledger assets viz Stocks 5000 00 41 Total disbursements 5326664 40 IVLedger Assets 1 Book value of real estate 300000 00 2 Mortgage loans on real estate 1716370 00 4 Book value of bonds 78825244 and stocks 585123675 total 6639489 19 5 Cash in companys office 674 87 6 Deposits in trust companies and banks not on interest 354447 56 7 Deposits in trust companies and banks on interest 304241 71 8 Agents balances representing business written subsequent to Oct 1 1912 997522 63 9 Agents balances representing business written prior to Oct 1 1912 7008 15 16 Total ledger assets 10319754 11 NonLedger Assets 17 Interest accrued on mortgages 38482 44 18 Interest accrued on bonds 14157 45 24 Total 52639 89 26 Market value not including interest in item 18 of bonds and stocks over book value 691306 81 30 Gross assets 11063700 81 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 7008 15 41 Total admitted assets 11056692 66 VLiabilities 1 Gross losses adjusted and unpaid not yet due 94053 581 ComptkollekGeneeal s Report 411 2 Gross claims for losses in process of ad justment or in suspense plus 1222916 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 405367 89 45185 47 544606 94 75373 17 6 Net amount of unpaid losses and claims 469233 77 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 3457 14328 unearned premiums fifty per cent 1728571 64 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 614304333 un earned premiums pro rata 3272719 58 11 Total unearned premiums as computed above 16 Interest due or accrued 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 24 Funds held for Munich Reins Co under treaty 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 3266053 71 5001291 22 4891 67 8000 00 50000 00 257222 29 5790638 95 29 Surplus as regards policyholders 30 Total liabilities 5266053 71 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 2 Written or renewed during the year 903473654 655413176 10279923 61 7550569 79 412 ComptrollerGenerals Report 4 Total 1558886830 17830493 40 5 Deduct those expired and marked off as terminated 594124496 7019271 78 6 In force at the end of the year 964762334 10811221 62 7 Deduct reinsurance schedule required 108426775 1211035 01 8 Net amount in force 856335559 9600186 61 Business in the State of Georgia During the Year 28 Gross risks written 6998684 00 Less 1915622 risks cancelled and 5619300 reinsurance in companies authorized in Georgia 1971815 00 Net risks written 5026869 00 29 Gross premiums on risks written 120995 05 Less 2607491 return premiums and 55208 premiums for reinsurance in companies authorized in Georgia 26626 99 Net premiums received 94368 06 Net losses paid 61915 78 Net losses incurred 58840 57 STANDARD FIRE INSURANCE COMPANY M L Hewes President H B Anthony Secretary ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of leger assets as per balance December 31 of previous year 1125359 85 4 Extended at 1125359 85 IIIncome 5 Gross premiums 656821 80 6 Deduct gross amount paid for reinsurance fire 10909316 return premiums fire 10962011 total 218713 27 7 Total premiums other than perpetual 438108 53ComptrollerGeneral s Report 413 11 Gross interest on bonds and dividends on stocks less 42792 accrued interest on bonds acquired during 1912 41507 08 12 Gross interest on deposits in trust com panies and banks 89927 17 Total gross interest and rents 42406 35 28 Total income 480514 8 IIIDisbursements 1 Gross amount paid policyholders for losses including 1655512 occurring in pre vious years 212421 48 2 Deduct amount received for salvage fire 122271 reinsurance fire 4278444 44007 15 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commission or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 1849590 and expenses 1903237 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 11 12 13 14 15 16 17 20 Advertising 66479 printing and stationery 569421 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 2597 85 Inspections and surveys 4405 57 State taxes on premiums 844064 21 Insurance department licenses and fees 22 All other licenses fees and taxes Notary fees 3100 certified copies of charges 1200 antitrust affidavit 100 home office travelling expenses 145777 23 Other disbursements Capital stock tax 800000 safe deposit box 5000 total 34 Paid stockholders for interest or dividends amount de clared during the year 168414 33 2986 44 92073 33 3210 98 37528 36 21016 42 1893 11 6359 00 4364 86 326 00 914 40 2281 03 3196 68 4733 50 1501 77 8050 00 30000 00 41 Total disbursements 404294 27414 ComptrollerGenerals Report IVLedger Assets 4 Book value of bonds 97189151 and stocks 9105400 total 1062945 51 5 Cash in company s office 162 81 7 Deposits in trust companies and banks on interest 50659 83 8 Agents balances representing business written subsequent to Oct 1 1912 87636 45 9 Agents balances representing business written prior to Oct 1 1912 175 86 16 Total ledger assets 1201580 46 NonLedger Assets 18 Interest accrued on bonds 11439 29 24 Total 11439 29 28 Maps furniture and fixtures cost 1767311 10000 00 30 Gross assets 1223019 75 Deduct Assets Not Admitted 33 Furniture fixtures and safes 10000 00 34 Agents balances representing business written prior to Oct 1 1912 175 86 38 Book value of ledger assets over market value 17480 51 41 Total admitted assets 1195363 38 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 114039 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 26959 29 3 Gross claims for losses resisted 500 00 4 Total 27459 29 5 Deduct reinsurance due or accrued 1828 89 6 Net amount of unpaid losses and claims 25 630 40 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired CompteollerGenerals Report 415 fire risks running one year or less from date of policy including interest prem iums on perpetual fire risks 28510568 unearned premiums fifty per cent 142552 84 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 29424526 un earned premiums pro rata 190435 66 11 Total unearned premiums as computed above 332988 50 18 Salaries rents expenses bills accounts fees etc due or accrued 1345 28 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 7500 00 21 Reinsurance premiums 11285 10 26 Total amount of all liabilities except capitalj 378749 28 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 316614 10 29 Surplus as regards policyholders 30 816614 10 Total liabilities 1195363 38 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 49933169 00 Written or renewed during the year 68353944 00 438558 66 656821 80 28 Total 118287113 00 1095380 46 Deduct those expired and marked off as terminated 38594092 00 370927 64 In force at the end of the year 79693021 00 724452 82 Deduct reinsurance schedule required 15773305 00 145101 88 Net amount in force 63919716 00 579350 94 Business in the State of Georgia During the Year Gross risks written 502231 00 Less 13272300 risks cancelled and 68935 00 reinsur ance in companies authorized in Georgia 201658 00 Net risks written 300573 00416 ComptbollekGeneeals Eeport 29 Gross premiums on risks written 2189 08 Less 36133 return premiums and 30304 premiums for reinsurance in companies authorized in Georgia 664 37 Net premiums received 1524 71 30 Losses paid deducting salvage 350 86 Less losses on risks reinsured in companies authorized in Georgia 64 Net losses paid 350 22 31 Losses incurred 374 86 Less losses on risks reinsured in companies authorized in Georgia 5 28 Net losses incurred 369 58 ST PAUL FIRE MARINE INSURANCE CO OF ST PAUL MINN I E Bigelow President A W Perry Secretary T L Riley Attorney for Service in Georgii ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of leger assets as per balance December 31 of previous year 8097730 10 4 Extended at 8097736 10 IIIncome 5 Gross premiums 8222522 51 6 Deduct gross amount paid for reinsurance fire 57331904 marine and inland 637862 40 return premiums fire 76518841 marine and inland 272 97208 total 2249341 93 7 Total premiums other than perpetual 5973180 64 9 Gross interest on mortgage loans 32349 07 10 Gross interest on collateral loans 178 56 11 Gross interest on bonds and dividends on stocks less 1279718 accrued interest on bonds acquired during 1912 264427 48 12 Gross interest on deposits in trust com panies and banks 4310 16ComptrollerGenerals Report 417 13 Gross interest from all other sources viz Interest on bonds and stock sold 11532 28 15 Interest on notes taken for premiums 2951 08 16 Gross rents from companys property in eluding 1200000 for companys occu pancy of its own buildings 19065 05 17 Total gross interest and rents 334813 68 25 From agents balances previously charged off 80 20 26 Gross profit on sale or maturity of ledger assets viz Bonds 5047 50 Stocks 40987 00 28 Total income 6354108 52 IIIDisbursements 1 Gross amount paid policyholders for losses including 30984321 occurring in pre vious years 4241184 64 2 Deduct amount received for salvage fire 1243322 marine and inland 63 11751 reinsurance fire 29933044 marine and inland 57208064 discount fire 294166 total 949903 47 3 Net amount paid policyholders for losses 3291281 17 4 Expenses of adjustment and settlement of losses 76249 26 5 Commissions or brokerage 1428803 30 6 Allowances to local agencies for miscellaneous agency expenses 4748 19 7 Salaries 6376949 and expenses 11845595 of special and general agents 182225 44 8 Salaries fees and all other charges of officers directors trustees and home office employees 102166 85 9 Rents including 1200000 for companys occupancy of its own buildings 12592 50 10 Advertising 630845 printing and stationery 43 15792 49466 37 11 Postage telegrams telephone and express 30300 45 12 Legal expenses 14422 72 13 Furniture and fixtures 2461 25 14 Maps including corrections 7986 30 15 Underwriters Boards and Tariff Associations 16863 32 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 5174 14 17 Inspections and surveys 18867 08 18 Repairs and expenses other than taxes on real estate 5208 18418 ComptrollerGenerals Keport 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax City licenses and occupation tax City taxes State and county licenses and taxes 23 Other disbursements Other items 34 Paid stockholders for interest or dividends amount de clared during the year 37 Decrease in liabilities during the year on account of re insurance treaties 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Real estate 300000 bonds 125282 total 41 Total disbursements 3774 14 114017 88 18464 35 3188 57 8095 36 748 76 6077 11 9969 91 100000 00 1925 36 38732 49 4252 82 5558063 27 IVLedger Assets 1 2 3 4 5 7 8 9 10 11 12 13 14 Book value of real estate 270280 71 Mortgage loans on real estate first liens 56730550 other than first 40000 567705 50 Loans secured by pledge of bonds stocks or other collateral 150000 00 Book value of bonds 648476651 and stocks 23957330 total 6724339 81 Cash in companys office 3558 30 Deposits in trust companies and banks on interest 350033 95 Agents balances representing business written subsequent to Oct 1 1912 671171 86 Agents balances representing business written prior to Oct 1 1912 6250 26 Bills receivable taken for marine and in land risks 4305 16 Bills receivable taken for fire risks 102935 64 Other ledger assets viz Century Fire Ins Co secured by 23163 46 Farm notes not due 12718 66 Due from Reinsurance Cos for return premiums Due from reinsurance Cos on losses paid 290 59 30191 41 15 16 Total ledger assets 8893781 35 ComptrollerGeneral s Report 419 NonLedger Assets 17 Interest due 54000 and accrued 6 06904 on mortgages 6609 04 18 Interest accrued on bonds 53981 59 24 Total 60590 63 27 Other nonledger assets Unliquidated interest on 100 shares of Natl German Amer Bank stock 7000 00 30 Gross assets 8961371 98 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 6250 26 35 Bills receivable past due taken for ma rine inland and fire risks 9353 89 36 Loans on personal security endorsed or not 82 44 37 Miscellaneous stocks 1325 00 37 Mortgages other than first 400 00 38 Book value of ledger assets over market value 158163 53 39 Reinsurance premiums collections doubtful 258 80 40 Reinsurance losses doubtful 219 21 41 Total admitted assets 8785318 85 VLiabilities 1 Gross losses adjusted and unpaid not yet due 90659 49 2 Gross claims for losses in process of ad justment or in suspense 531338 74 3 Gross claims for losses resisted 291 05 4 Total 651103 23 5 Deduct reinsurance due or accrued 199093 81 6 Net amount of unpaid losses and claims 452009 42 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 1885 82613 unearned premiums fifty per cent 942913 07420 ComptrollerGenerals Report 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 686953787 un earned premiums pro rata 3521548 58 8 Excess of original premiums over ami reed for reins 2500 00 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 71643241 unearned premiums fifty per cent 358216 21 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 2958703 unearned premiums 100 per cent 29587 03 11 Total unearned premiums as computed above 4854764 89 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Reinsurance premiums 23 All other liabilities viz Reserved for unpaid bills 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 2851370 77 100000 00 3751 05 22422 72 1000 00 5433948 08 29 Surplus as regards policyholders 30 Total liabilities 3351370 77 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 675799818 8969490 75 2 Written or renewed during the year 4388505 1 5833303 43 3 Excess or original premiums over amount received for reinsurance 12165 05 4 Total 1114650361 14814959 23 5 Deduct those expired and marked off as terminated 391496761 5424747 681 ComptrollerGenerals Report 421 6 In force at the end of the year 723153600 9390211 55 7 Deduct amount reinsured schedule re quired 49266345 634847 55 8 Net amount in force 673887255 8755364 00 Business in the State of Georgia During the Year 28 Gross risks written 7930685 00 Less 92728200 risks cancelled and 65118200 reinsur ance in companies authorized in Georgia 1578464 00 Net risks written 6352221 00 29 Gross premiums on risks written 102411 57 Less 1593001 return premiums and 798420 premiums for reinsurance in companies authorized in Georgia 23914 21 Net premiums received 78497 36 30 Losses paid deducting salvage 42372 52 Less losses on risks reinsured in companies authorized in Georgia 6370 02 Net losses paid 36002 50 31 Losses incurred 47719 9 Less losses on risks reinsured in companies authorized in Georgia 6197 52 Net losses incurred 41522 27 SVEA FIRE LIFE INSURANCE COMPANY LTD OF GOTHENBURG SWEDEN M L Duncan United States Manager Dan B Harris Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital deposit 200000 00 2 Amount of leger assets as per balance December 31 of previous year 1385592 38 4 Extended at 1385592 38 IIIncome 5 Gross premiums 1055292 49 6 Deduct gross amount paid for reinsurance fire 10645019 return premiums fire 21279861 total 319248 80422 ComptrollerGeneral s Eeport 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 281499 accrued interest on bonds acqquired during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources viz Interest on bills receivable 15 Interest on deposits reinsurance bureau 736043 69 43758 76 241 S 39 23 13 29 80 17 Total gross interest and rents 26 Gross profit on Sale or maturity of ledger assets viz Bonds 28 Total income IIIDisbursements 1 Gross amount paid policyholders for losses including 7714423 occurring in pre vious years 472270 2 Deduct amount received for salvage fire 282932 reinsurance fire 6322318 discount fire 48768 total 66540 IS 46230 08 3432 50 785706 27 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 1113595 and expenses 1265121 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 85270 printing and stationery 688080 31 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 1nderwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 I nspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax Municipal licenses Local laxcs 405730 21 11391 21 200943 32 1465 13 23786 26 29575 75 4400 00 7733 50 1983 81 425 60 1407 48 1779 80 8878 17 7114 Hi 2490 01 9797 01 4899 02 122 35 752 03 1079 58ComptrollerGenerals Eeport 423 23 Other disbursements Bank exchange 312 02 25 Home office expenses 2326 63 26 Insurance publications 318 58 27 Office supplies 148 15 28 Mercantile reports 710 00 29 Miscellaneous expenses 31 88 30 Miscellaneous expenses Reins Bureau 192 91 39 Gross loss on sale or maturity of ledger assets viz Bonds 6000 00 41 Total disbursements 735794 81 IVLedger Assets 4 Book value of bonds 1158225 99 5 Cash in companys office 3120 6 Deposits in trust companies and banks not on interest 29635 61 7 Deposits in trust companies and banks on interest 113416 97 8 Agents balances representing business written subsequent to Oct 1 1912 111323 13 9 Agents balances representing business written prior to Oct 1 1912 2451 58 11 Bills receivable taken for fire risks 18167 74 13 Bills receivable taken for agents balances 2251 62 16 Total ledger assets 3435503 84 NonLedger Assets 18 Interest accrued on bonds 13603 76 24 Total l3603 76 30 Gross assets 1449107 60 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 2451 58 35 Bills receivable past due taken for ma rine inland and fire risks 758 75 36 Bills receivable taken for agents balances over three months due 2251 62 39 Bonds 58375 99 41 Total admitted assets 1385269 66424 ComptrollerGenerals Report VLiabilities 1 Gross losses adjusted and unpaid due 1772179 not yet due 891701 26638 80 2 Gross claims for losses in process of ad justment or in suspense plus 57547 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 51473 60 3 Gross claims for losses resisted 14835 06 4 Total 92947 46 5 Deduct reinsurance due or accrued 16651 56 6 Xet amount of unpaid losses and claims 76295 90 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 44090572 unearned premiums fifty per cent 220452 86 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 85587977 un earned premiums pro rata 455069 33 11 Total unearned premiums as computed above 675522 19 18 Salaries rents expenses bills accounts fees etc due or accrued 745 81 19 Estimated amount hereafter payable for federal state mikI other taxes based upon the business of the year of this statement 12846 10 20 Commissions brokerage and other charges due or to be come due to agents and brokers 3255 02 26 Total amount of all liabilities except capital 768665 02 27 Capital deposit 200000 00 28 Surplus over all liabilities 41 6604 64 29 Surplus as regards policyholders 616604 64 30 Total liabilities 1385269 66 VTRisks and Premiums Fire Risks Premiums Thereon 1 In force on 1he 31 day of December as per liTie 5 under this heading in last years statement 108402962 00 1345698 03 2 Written OT renewed luring the year 88697644 00 1055292 49 ComptrollerGeneral s Report 425 4 Total 197100006 00 2400990 52 5 Deduct those expired and marked off as terminated 76652649 00 963737 89 6 In force at the end of the year120447957 00 1437252 63 7 Deduct reinsurance schedule required 13398937 00 140167 14 8 Net amount in force107049020 00 1296785 49 0 UNITED STATES BRANCH SUN INSURANCE OFFICE OF LONDON ENGLAND J J Guile United States Manager J T Fitten Attorney for Service in Georgia ICapital Stock 2 Amount of leger assets as per balance December 31 of previous year 4477419 24 4 Extended at 4477419 24 IIIncome 5 Gross premiums 4276809 33 6 Deduct gross amount paid for reinsurance fire 76192404 return premiums fire 69227156 total 1454213 60 7 Total premiums other than perpetual 2822595 73 9 Gross interest on mortgage loans 1250 00 11 Gross interest on bonds and dividends on stocks less 52578 accrued interest on bonds acquired during 1912 149205 98 12 Gross interest on deposits in trust com panies and banks 5424 66 16 Gross rents from companys property in cluding 1580000 for companys occu pancy of its own buildings 22665 41 17 Total gross interest and rents 178546 05 19 Received from home office 54914 44 26 Gross profit on sale or maturity of ledger assets viz Bonds 202100 stocks 267000 total 4691 00 28 Total income 3060747 22426 ComptkollebGenebal s Report IIIDisbursements 1 Gross amount paid policyholders for Josses including 25199671 occurring in pre vious years 1862887 09 2 Deduct amount received for salvage fire 2026737 reinsurance fire 384 16130 discount fire 224044 total 4T6669 11 10 11 12 13 14 15 16 17 18 19 20 21 22 23 38 39 40 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 4899328 and expenses 4164760 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including 1580000 for companys occupancy of its own buildings Advertising 1008156 printing and stationery 25 95153 total s 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 Federal corporation tax 312580 municipal licenses and taxes 1279852 Other disbursements Remitted to home office Agents balances charged off Guoss loss on sale or maturity of ledger assets viz Real estate 3584127 Bonds 157500 total Gross decrease by adjustment in book value of ledger assets viz Weal estate 1456217 98 39672 41 627286 53 3698 90 89640 88 154608 60 26017 40 36033 09 17272 91 1008 70 2749 12 8066 12 53147 66 21323 79 16588 61 8721 70 5163 04 53534 14 15846 07 15924 32 276849 11 485 55 37416 27 3371 48 41 Total disbursements 2970644 38 IVLedger Assets 1 Hook value of real estate 178175 04 2 Mortgage loans on real estate 25000 00 16 17 18 24 25 28 30 34 38 41 CompteollebGeneeals Report 427 Book value of bonds 314627250 and stocks 31243727 total 3458709 77 Cash in companys office 926 18 Deposits in trust companies and banks on interest 427282 09 Agents balances representing business written subsequent to Oct 1 1912 474208 27 Agents balances representing business written prior to Oct 1 1912 2707 64 Total ledger assets 4567522 08 NonLedger Assets Interest accrued on mortgages 208 33 Interest accrued on bonds 43213 68 Total 43422 01 Market value of real estate over book value 38074 96 Uncollected reinsurance on paid losses 26434 78 Gross assets 4675453 S3 Deduct Assets Not Admitted Agents balances representing business written prior to Oct 1 1912 2707 64 Book value of ledger assets over market value viz Bonds and stocks 49759 05 52466 69 Total admitted assets 4622987 14 VLiabilities Gross losses adjusted and unpaid due 8467400 not yet due 2239000 107064 00 Gross claims for losses in process of ad justment or in suspense plus 401500 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 245049 00 Gross claims for losses resisted 17741 00 Total 369854 00 Deduct reinsurance due or accrued 53788 00428 ComptrollebGenebais Report 6 Net amount of unpaid losses and claims 316066 00 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 1934 34708 unearned premiums fifty per cent 967173 54 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks Tunning more than one year from date of policy 364600046 un earned premiums pro rata 1950763 89 11 Total unearned premiums as computed above 2917937 43 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Return premiums 2250 reinsurance premiums 50 34730 7243 14 67554 98 18588 16 52597 30 26 Total amount of all liabilities except capital 3379987 01 29 Surplus as regards policyholders 1243000 13 30 Total liabilities 4622987 14 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last year a statement 568281237 00 5936038 71 2 Written or renewed during the year 392078904 00 4276809 33 4 Total960360141 00 10212848 04 5 Deduct those expired and marked off as terminated 362587393 00 3925689 16 6 In force at the end of the year597772IS 00 6287158 88 7 Deduct amount reinsured schedule re quired 67268718 00 706811 34 8 Net amount in force530504030 5580347 54 ComptrollerGenerals Report 429 Business in the State of Georgia During the Year 28 Gross risks written 3539385 00 Less 86505200 risks cancelled and 48744600 reinsur ance in companies authorized in Georgia 1352498 00 Net risks written 2186887 00 29 Gross premiums on risks written 57897 73 Less 833284 return premiums and 235194 premiums for reinsurance in companies authorized in Georgia 10684 76 Net premiums received 47212 97 30 Losses paid deducting salvage 34665 10 Less losses on risks reinsured in companies authorized in Georgia 1869 40 Net losses paid 32795 70 31 Losses incurred 28219 98 Less losses on risks reinsured in companies authorized in Georgia I8v0 40 Net losses incurred 26349 58 UNITED STATES BRANCH OF THE THAMES MERSEY MARINE INSURANCE CO LTD OF GREAT BRITAIN AND IRELAND H K Fowler United States Manager Head Office in United States 8292 Beaver St New York N Y A L Farie Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of leger assets as per balance December 31 of previous year 911623 63 3 Extended at 911623 63 IIIncome 1 Gross premiums written and renewed dur ing the year marine 1507278 56 2 Deduct reinsurance marine 69947839 return premiums on policies cancelled marine 7783506 total 777313 45430 ComptrollebGenebal s Eepoet 3 Total Premiums 729965 11 24 Gross interest on bonds and dividends on stocks less 14167 accrued interest on bonds acquired during 1912 24066 67 26 Gross interest from all other sources viz Bills receivable 13 60 30 Total gross interest and rents 24080 26 31 From other sources From and for account of home office 470466 95 39 Total income 1224512 32 IIIDisbursements 1 Gross amount paid for losses marine 299225 51 2 Deduct reinsurance marine 14292515 salvage marine 3793942 total 180864 57 3 Net amount paid policyholders for losses 17 Investigation and adjustment of claims marine 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following Marine 28 Salaries fees and all other compensation of officers direcors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 31 Inspections other than medical and claim 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 38 Federal corporation tax 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 48 Other disbursements Underwriters Boards and Tariff Associations 112312 miscellaneous expenses 1 44759 to and for account of home office 617765 25 53 Agents balances charged off 54 Gross loss on sale or maturity of ledger assets viz Stocks 56 Total disbursements 418360 94 1250 45 83384 60 27460 30 5738 50 834 07 3685 52 23393 41 1897 32 497 77 403 63 151 38 4710 13 2721 31 889 94 620335 96 2808 19 1000 00 1199523 42 IVLedger Assets and 4 Book value of bonds 403420 50 stocks 25831300 total 661733 5025 30 32 43 49 51 56 23 24 ComptrollerGenerals Report 431 Cash in companys office 2 70 Deposits in trust companies and banks not on interest 12511 58 Premiums incourse of collection viz On policies or renewals issued on or after Oct 1 1912 marine 250267 19 On policies or renewals issued prior to Oct 1 1912 marine 8225 69 Bills receivable 3871 87 Ledger assets 936612 53 NonLedger Assets Interest on bonds 3318 75 Gross assets 939931 28 Deduct Assets Not Admitted Premiums in course of collection written prior to Oct 1 1912 8225 69 Book value of ledger assets over market value 78183 50 86409 19 Total assets 853522 09 VLiabilities Losses and claims adjusted marine 28060000 Deduct reinsurance marine 9844300 Total losses and claims 182157 00 Gross premiums less reinsurance receiv ed and receivable upon all unexpired risks running one year or less from date of policy 14164644 unearned premiums fifty per cent 70823 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 3745900 unearned premiums pro rata 100 37459 00 Total unearned premiums 108282 22 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1912 Marine 987 91 432 ComptkollerGenebal s Report 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 35 Reinsurance 41 Total amount of all liabilities except capital i 47 Capital actually paid up in cash 200000 00 48 Surplus over all liabilities 182821 81 49 Surplus as regards polieyholders 50 Total liabilities 5000 00 17500 00 9833 77 146939 38 470700 28 382821 81 853522 09 IVRisks and Premiums 22 In force December 31 1911 253284 70 23 Written or renewed during the year 1507278 58 24 Total 1700503 32 25 Deduct expirations and cancellations 1496017 66 26 In force at the end of the year 27 Deduct amount reinsured 264545 66 85440 22 28 Net premiums in force 179105 44 Business in the State of Georgia During the Year 1 Gross premiums less return premiums on risks written or renewed during the year marine 2 Gross losses paid marine 17287 77 4403 29 UNION MARINE INSURANCE CO LTD OF LIVERPOOL ENGLAND F Herrmann Co United States Managers Carleton Y Smith Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of legeT assets as per balance December 31 of previous year 776057 23 4 Extended at 967057 23ComptbollerGenebals Repobt IIIncome 5 Gross premiums 2090381 34 6 Deduct gross amount paid for reinsurance marine and inland 98908308 return premiums marine and inland 185 17028 total 1174253 36 433 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust com panies and banks 17 Total gross interest and rents 916127 98 21402 50 1176 20 18 From other sources Received from home office 25 From agents balances previously charged off 3 Net amount paid pojicyholders for losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Expenses of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 10 Advertising 20147 printing and stationery 741138 11 Postage telegrams telephone and express 12 Legal expenses 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes On property basis 32 Remitted to home office 22578 70 37041 65 812 94 28 Total income 976561 27 IIIDisbursements 1 Gross amount paid policyholders for losses including 10371420 occurring in pre vious years 1205462 15 2 Deduct amount received for salvage ma rine and inland 9943841 reinsurance marine and inland 56021148 659649 89 545812 26 154288 45 3165 29 6556 42 4968 71 7612 85 2424 37 1129 13 2744 04 73 87 731 t3 23457 71 5032 25 722 50 98590 20 41 Total disbursements 857359 98434 ComptrollerGenebals Report IVLedger Assets 4 Book value of bonds 571956 97 5 Cash in companys office 2031 34 7 Deposits in trust companies and banks on interest 3706S 09 8 Agents balances representing business written subsequent to Oct 1 1912 266147 71 9 Agents balances representing business written prior to Oct 1 1912 13614 16 10 Bills receivable taken for marine and inland risks 3994 90 12 Other ledger assets viz Cash deposit in Mass 445 35 16 Total ledger assets 895258 o2 NonLedger Assets 18 Interest accrued on bonds 5920 00 30 Gross assets 90117S 52 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 13614 16 38 Book value of ledger assets over market value 29221 9i 41 Total admitted assets 858342 39 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 274147 62 3 Gross claims for losses resisted 32012 9 4 Total 306160 61 5 Deduct reinsurance due or accrued 13026 58 6 Net amount of unpaid losses and claims 175893 03 8 Gross premiums less reinsurance receiv ed and receivable upon all uuexpired long term risks running more than one year from date of policy 107382 unearned premiums pro rata 230 97 9 Gross premiums less reinsurance cash1 ComptrollerGenerals Report 435 and bills received and receivable upon all unexpired yearly hull and cargo risks 29041401 unearned premiums fifty per cent 145207 00 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 2233973 unearned premiums 100 per cent 22339 73 11 Total unearned premiums as computed above 167777 70 18 Salaries rents expenses bills accounts fees etc due or accrued 500 00 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 000 00 20 Commissions brokerage and other charges due or to be come due to agents and brokers 10402 27 21 Reinsurance premiums 104253 76 26 Total amount of all liabilities except capital 478826 76 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 179515 63 29 Surplus as regards policyholders 379515 63 30 Total liabilities 858342 39 Business in the State of Georgia During the Year 28 Gross risks written 903155 00 Less 23117500 risks cancelled and 11654200 reinsur ance in companies authorized in Georgia 347717 00 Net risks written 555438 00 29 Gross premiums on risks written 16958 71 Less 617648 return premiums and 241942 prem iums for reinsurance in companies authorized in Ga 8595 90 Net premiums received 8362 81 30 Losses paid dedncting salvage 15563 47 Less losses on risks reinsured in companies authorized in Georgia 5467 13 Net losses paid 10096 34 31 Losses incurred 15563 47 Less losses on risks reinsured in companies authorized in Georgia 5467 13 Net losses incurred 10096 34436 ComptrolleeGeneeals Eepoet UNITED FIREMANS FIRE INSURANCE COMPANY Robert B Beath President Henry A Knabe Secretary Robert N Hughs Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of leger assets as per balance December 31 of previousyear 1795467 91 Extended at 1795407 91 IIIncome 5 Gross premiums 543967 08 6 Deduct gross amount paid for reinsurance fire 6084435 return premiums fire 9579568 156640 03 7 Total premiums other than perpetual 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 57911 accrued interest on bonds acquired during 1912 12 Gross interest on deposits in trust com anies and banks 16 Gross rents from companys property 11497 45 11262 02 702 90 61674 07 734 27 238 35 17 Total gross interest and rents 18 From other sources For approving transfers on perp policies 20 Kecd from profit and loss bonus on Kentucky Securities Corp of Va 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 387327 05 28 Total income 74611 61 908 00 1710 00 97 305 00 476360 08 IIIDisbursements 1 Gross amount paid policyholders for losses including 3285209 occurring in pre vious years 227438 36 ComptrollerGeneral s Report 437 2 Deduct amount received for salvage fire 295201 reinsurance fire 2253812 discount fire 30114 total 25791 27 10 11 12 13 14 15 16 17 18 19 20 21 22 23 25 26 33 34 38 39 Net amount paid policyholders for losses 201647 09 Expenses of adjustment and settlement of losses 3831 20 Commissions or brokerage 106078 93 Allowances to local agencies for miscellaneous agency expenses 1567 74 Salaries fees and all other charges of officers directors trustees and home office employees 28969 02 Advertising 159532 printing and stationery 259667 4191 99 Postage telegrams telephone and express 1374 70 Legal expenses 973 85 Furniture and fixtures 51 25 Maps including corrections 2128 28 Underwriters Boards and Tariff Associations 4343 13 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 3733 53 Inspections and surveys 144 76 Repairs and expenses other than taxes on real estate 1528 09 Taxes on real estate 1450 28 State taxes on premiums 3821 43 Insurance department licenses and fees 2078 56 All other licenses fees and taxes Federal corporation tax 940 34 Capital tax 1116 34 Local tax 727 17 Other disbursements Perpetual reinsurance 739 05 Traveling expenses 2217 95 General expenses 2302 03 Deposit premiums returned 29526 09 Paid stockholders foT interest or dividends amount de clared during the year 32000 00 Agents balances charged off 120 45 Gross loss on sale or maturity of ledger assets viz Real estate 4572 12 4 Total disbursements 442175 37 IVLedger Assets 1 Book value of real estate 96359 80 2 Mortgage loans on real estate 183820 00 3 Loans secured by pledge on bonds stocks or other collateral 10800 00 4 Book value of bonds 128155900 and stocks 12242100 total 1403980 00438 ComptrollerGexeeals Eeport 5 Cash in companys office 400 53 7 Deposits in trust companies and banks on interest 68977 53 8 Agents balances representing business written subsequent to Oct 1 1912 65265 05 9 Agents balances representing business written prior to Oct 1 1912 49 71 16 Total ledger assets 1829652 62 NonLedger Assets 17 Interest due 5600 and accrued 238146 on mortgages 2437 46 18 Interest accrued on bonds 19403 21 19 Interest accrued on collateral loans 47 29 20 Interest accrued on other assets Banks 104 99 30 Gross assets 1851645 57 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 49 71 38 Book value of ledger assets over market value Real estate 14859 80 40 Bonds and Stocks 35090 50 41 Total admitted assets 1801645 56 VLiabilities 1 Gross losses adjusted and unpaid not yet due 18908 08 2 Gross claims for losses in process of ad justment or in suspense plus 639273 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 29667 88 3 Gross claims for losses resisted 300 00 4 Total 48875 96 5 Deduct reinsurance due or accrued 9053 32 6 Net amount of unpaid losses and claims 39822 64 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less fromComptrollerGenerals Eeport 439 date of policy including interest prem iums on perpetual fire risks 258 30689 unearned premiums fifty per cent 129jl53 45 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 31774299 un earned premiums pro rata 194008 70 11 Total unearned premiums as computed above 323162 15 12 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the premium or deposit received 838552 03 18 Salaries rents expenses bills accounts fees etc due or accrued 464 00 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 6500 00 21 Eeinsurance premiums 5411 47 26 Total amount of all liabilities except capital 1213912 29 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 187733 27 29 Surplus as regards policyholders 587733 27 30 Total liabilities 1801645 56 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 58223816 00 556876 50 2 Written or renewed during the year 47528767 00 543967 08 4 Total 105752583 00 1100843 58 5 Deduct those expired and marked off as terminated 38801520 00 428450 13 6 In force at the end of the year 66951063 00 672393 45 7 Deduct reinsurance schedule required 7819618 00 96343 57 8 Net amount in force 59131445 00 576049 88 9 Perpetual risks not included above 4099942400 de posit premiums on same 929386 63440 ComptbolleeGeneeals Report Business in the State of Georgia During the Year 28 Gross risks written 974485 00 Less 196074 risks cancelled and 156045 reinsurance in companies authorized in Georgia 352119 00 Net risks written 622366 00 29 Gross premiums on risks written 15663 77 Less 245554 return premiums and 243247 premiums for reinsurance in companies authorized in Georgia 4888 01 Xet premiums received 10775 76 30 Losses paid deducting salvage 5319 90 Less losses on risks reinsured in companies authorized in Georgia 1500 00 Net losses paid 3819 90 31 Losses incurred 5359 96 Less losses on risks reinsured in companies authorized in Georgia 1500 00 Net losses incurred 3859 96 UNITED STATES FIRE INSURANCE COMPANY Charles A Xorris President Otto B Candadus Secretary G A Howell Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 400000 00 Amount of ledger assets as per balance December 31 of previous year 1087124 83 4 Extended at 1087124 83 IIIncome 5 Gross premiums 928065 37 6 Deduct gross amount paid for itinsurance fire 17786096 return premiums fire 17014435 total 348005 31 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 1792 84 580060 06 ComptrollerGeneral s Report 441 11 Gross interest on bonds and dividends on stocks less 1750 accrued interest on bonds acquired during 1912 41676 13 12 Gross interest on deposits in trust com panies and banks 453 52 17 Total gross interest and rents s 26 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 28 Total income 626133 55 43922 49 242 50 1908 50 IIIDisbursements 1 Gross amount paid policyholders for losses including 5903072 occurring in pre vious years 342674 86 2 Deduct amount received for salvage fire 958112 reinsurance fire 6102783 70608 95 3 Net amount paid policyholders for losses 272065 91 4 Expenses of adjustment and settlement of losses 6272 62 5 Commissions or brokerage 203014 92 8 Salaries fees and all other charges of officers directors trustees and home office employees 18216 52 9 Eents 2700 00 10 Advertising 52105 printing and stationery 277168 3292 73 11 Postage telegrams telephone and express 2351 95 12 Legal expenses 1007 71 15 Underwriters Boards and Tariff Associations 5053 01 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 1627 70 17 Inspections and surveys 550 56 20 State taxes on premiums 5151 19 21 Insurance department licenses and fees 3784 97 22 All other licenses fees and taxes 2247 49 23 Other disbursements Sundry expenses 30545 premiums surety bond 25000 total 555 45 34 Paid stockholders for interest or dividends amount de clared during the year 28000 00 39 Gross loss on sale or maturity of ledger assets viz Bonds 247 50 40 Gross decrease by adjustment in book vaule of ledger assets viz Stocks 101 80 41 Total disbursements 556242 03442 ComptrollerGenerals Eepoet IVLedger Assets 2 Mortgage loans on real estate 51000 00 4 Book value of bonds 42075190 and stocks 503714 85 924466 75 5 Cash in companys office 297 53 6 Deposits in trust companies and banks not on interest 10 00 7 Deposits in trust companies and banks on interest 52224 13 8 Agents balances representing business written subsequent to Oct 1 1912 129017 94 16 Total ledger assets 1157016 35 NonLedger Assets 17 Interest accrued on mortgages 777 92 18 Interest accrued on bonds 3066 21 21 Mchts Exchange Nat Bank deposit 33 88 24 Total 3878 01 30 Gross assets 160894 36 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 50466 75 41 Total admitted assets 1110427 61 VLiabilities 1 Gross losses adjusted and unpaid not yet due 7879 05 2 Gross claims for losses in process of ad justment or in suspense plus 750000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 36886 95 3 Gross claims for losses resisted 1000 00 4 Total 45766 00 5 Deduct reinsurance due or accrued 3539 62 6 Net amount of unpaid losses and claims 42226 38 7 Gross premiums less reinsurance receivComptrollerGenerals Report 443 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 425 68957 unearned premiums fifty per cent 212744 79 8 Gross premiums Jless reinsurance receiv ed and receivable upon all unexpired fire risks Tunning more than one year from date of policy 26699108 un earned premiums pro rata 157424 39 11 Total unearned premiums as computed above 370229 18 18 Salaries rents expenses bills accounts fees etc due or accrued 500 00 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 7000 00 30 Total liabilities 419955 56 Business in the State of Georgia During the Year 28 Gross risks written 1012716 00 Less 14590500 risks cancelled and 9635500 reinsur ance in companies authorized in Georgia 242260 00 Net risks written 770456 00 29 Gross premiums on risks written 11570 48 Less 154483 return premiums and 96380 premiums for reinsurance in companies authorized in Georgia 2508 63 Net premiums received 9061 85 30 Net losses paid 570 57 31 Net losses incurred 706 89 SUBSCRIBERS AT UNITED STATES LLOYDS NEW YORK N Y A Foster Higgins Herbert Appleton Douglas F Cox Attorneys for Subscribers under the firm name of Higgins Cox Principal Office 3 South William St New York N Y A L Brooks Attorney for Service in Georgia ICapital Stock 1 Amount of Original deposit paid up in cash 100000 00444 ComptrollerGeneral s Eeport 2 Amount of ledger assets as per balance December 31 of previous year 1750757 55 IIIncome 5 Gross premiums 3272676 34 6 Deduct gross amount paid for reinsurance marine and inland 1120190 52 return premiums marine and inland 37157740 total 1591767 92 7 Total premiums other than perpetual 1680908 42 11 Gross interest on bonds and dividends on stocks less 30685 accrued interest on bonds acquired during 1912 31080 65 12 Gross interest on deposits in trust com panies and banks 5995 88 13 Gross interest from all other sources 1496 22 17 Total gross interest and rents 18 From other sources Exchange 38572 75 1425 10 28 Total income 720906 27 IIIDisbursements 1 Gross amount paid polieyholders for losses including 38460910 occurring in pre vious years 2139872 08 2 Deduct amount received for salvage ma rine and inland 15750565 reinsur ance marine and inland 91638693 1073892 58 Net amount paid polieyholders for losses 1065980 50 4 Expenses of adjustment and settlement of losses 28899 89 5 Commissions or brokerage 389743 24 6 Allowances to local agencies for miscellaneous agency expenses 9366 76 8 Salaries fees and all other charges of officers directors trustees and home office employees 125432 07 9 Bents 10977 34 10 Advertising 76838 printing and stationery 1124262 12011 00 11 Postage telegrams telephone and express 5080 11 12 Legal expenses 3911 17 13 Furniture and fixtures 1324 65 15 Underwriters Hoards and Tariff Associations 1690 00 16 Fire department fire patrol and salvage corps assess ments fees taxes and express 1126 63 ComptkollerGenerals Report 445 17 Inspections and surveys 558 43 20 State taxes on premiums 26602 87 21 Insurance department licenses and fees 4472 13 23 Other disbursements Miscellaneous office expenses 10114 89 34 Paid subscribers for interest or dividends amount dec lared during the year 50000 00 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 11050 29 41 Total disbursements 1758341 96 IVLedger Assets 4 Book value of bonds 916475 00 5 Cash in companys office 2100 47 6 Deposits in trust companies and banks not on interest 45984 15 7 Deposits in trust companies and banks on interest 211784 93 8 Agents balances representing business written subsequent to Oct 1 1912 465716 92 9 Agents balances representing business written prior to Oct 1 3912 43367 64 12 Other ledger assets viz Cash with Morgan Grenfeld Co London on interest 26928 97 14 Broadrick Leiteh Kendell Liverpool not on interest 963 78 16 Total ledger assets 1713321 86 NonLedger Assets 18 Interest accrued on bonds 11403 33 24 Total H403 33 26 Market value not including interest in item 18 of bonds and stocks over book value 875 00 30 Gross assets 1725600 19 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 43367 64 43367 64 41 Total admitted assets 1682232 55446 ComptrollerGenerals Report VLiabilities Gross claims for losses in process of ad justment or in suspense plus 650000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 6 Net amount of unpaid losses and claims 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 4125 un earned premiums fifty per cent 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 37595223 unearned premiums pro rata 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 2475493 unearned premiums 100 per cent 45525052 at 50 per cent 722300 00 16405 00 738705 00 377257 82 361447 18 20 63 176985 89 24754 93 227625 24 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Return premiums 2416104 reinsurance premiums 251 71119 total 429386 69 1000 00 20000 00 32487 80 278872 23 26 Total amount of all liabilities except capital 1123193 90 27 Original deposit actually paid up in cash 100000 00 28 Surplus over all liabilities 459038 65 29 Surplus as regards policyholders 30 Total liabilities 559038 65 1682232 56ComptrollerGenerals Report 447 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 93046599 00 867140 65 2 Written or renewed during the year 643649755 00 3272635 09 4 Total 736696354 00 4139775 74 5 Deduct those expired and marked off as terminated 664818473 00 2653251 00 6 In force at the end of the year 71877881 00 1486524 74 7 Deduct reinsurance schedule required 35141347 00 630567 06 8 Net amount in force 36736534 00 855957 68 Business in the State of Georgia During the Year 28 Gross risks written 8270043 00 Less 2033700 risks cancelled and 281433000 reinsur ance in companies authorized in Georgia 2834667 00 Net risks written 5435376 00 29 Gross premiums on risks written 20686 86 Less 131471 return premiums and 1194450 premiums for reinsurance in companies authorized in Georgia 13259 21 Net premiums received 7427 65 30 Losses paid deducting salvage 130054 22 Less losses on risks reinsured in companies authorized in Georgia 70109 50 Net losses paid 59944 72 31 Losses incurred 114253 74 Less losses on risks reinsured in companies authorized in Georgia 69013 78 Net losses incurred 45239 96 448 COMPTROLLERGrENERAL s REPORT UNION FIRE INSURANCE COMPANY OF PARIS FRANCE Starkweather Shepley Inc United States Managers Office of United States Manager 17 Custom House Street Providence K I Win A Wright Attorney for Service in Georgia IDeposit Capital 2 Amount of ledger assets as per balance December 31 of previous year 828135 16 IIIncome 6 Gross premiums 587121 17 7 Deduct gross amount paid for reinsurance fire 11213648 return premiums fire 12400310 total 236139 58 8 Total premiums other than perpetual 12 Gross interest on bonds and dividends on stocks 27329 90 13 Gross interest on deposits in trust com panies and banks 1855 41 18 Total gross interest and rents 30 Total income IIIDisbursements 350981 59 29185 31 380166 90 1 Gross amount paid policykolders for losses including 2479489 occurring in pre vious years 2 Deduct amount received for salvage fire 559901 reinsurance fire 6028311 discount fire 38090 total 260387 05 66263 02 3 Net amount paid polieyholdars for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 8 Salaries fees and all other charges of officers directors trustees and home office employees 10 Advertising 31501 Printing and stationery 500 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 20 State taxes on premiums 194124 03 B25 5 109801 42 300 00 320 01 2S85 42 2410 58 5815 40ComptrollerGenerals Eeport 21 Insurance department licenses and fees 22 All otter licenses fees and taxes Federal corporation tax 32605 city taxes and licenses 173914 23 Other disbursements Surety bonds 16591 remittance to home office 140875 total 39 Total disbursements 449 2675 57 2065 19 1574 66 324224 89 IVLedger Assets Book value of bonds 628280 00 Deposits in trust companies and banks on interest 100493 33 Agents balances representing business written subsequent to Oct 1 1912 95303 84 16 Total ledger assets 884077 17 NonLedger Assets 18 Interest on bonds 24 Total 30 Gross assets 8609 96 8609 96 892687 13 Deduct Assets Not Admitted Book value of ledger assets over market value i 6458 40 41 Total admitted assets 886228 73 VLiabilities Gross losses adjusted and unpaid not yet due Gross claims for losses in process of ad justment or in suspense plus 80851 reserve for losses incurred prior to Dec of which no notice had been received on that date Gross claims for losses resisted 4826 66 21289 69 3350 00 Total 29466 35 Deduct reinsurance due or accrued 2517 48 6 Net amount of unpaid losses and claims 26948 87450 ComptrollerGexerals Report 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 26521599 unearned premiums fifty per cent 132607 99 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired lire risks running more than one year from date of policy 17741213 un earned premiums pro rata 120082 52 11 Total unearned premiums a scomputed above 252690 51 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 7200 00 20 Commissions brokerage and other charges due or to be come due to agents and brokers 31450 27 24 Total amount of all liabilities except deposit capital 318289 65 26 Surplus over all liabilities 567939 08 27 Surplus as regards policyholders 567939 08 28 Total liabilities 886228 73 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 41195409 00 376799 75 2 Written or renewed during the year 58443559 00 587121 17 4 Total 99638968 00 963920 92 5 Deduct those expired and marked off as terminated 39863584 00 409787 78 6 In force at the end of the year 59775384 00 554133 14 7 Deduct amount reinsured schedule re quired 10045154 00 111505 02 8 Net amount in force 49730230 00 442628 12ComptrollerGeneral s Report 451 VIRGINIA STATE FIRE INSURANCE COMPANY OF RICHMOND VA Geo L Christian President A H Harris Secretary A L Richardson 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 418684 49 4 Extended at 418684 49 IIIncome 435366 05 5 Gross premiums 6 Deduct gross amount paid for reinsurance fire 9897832 return premiums fire 8374937 total 182727 69 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 12103 accrued interest on mortgage acquired during 1912 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust com panies and banks 16 Gross rents from companys propertyj in cluding 272659 for companys occu pancy of its own buildings 252638 36 2376 53 31 50 18087 55 520 73 9650 14 17 Total gross interest and rents 30666 45 18 From other sources Profit and loss suspended debts 6736 insurance companies 975 old outstanding checks credited 4536 122 47 24 Increase in liabilities during the year on account of re insurance treaties 258 84 26 Gross profit on sale or maturity of ledger assets viz Bonds 2070 93 28 Total income 285757 05 IIIDisbursements 1 Gross amount paid policyholders for losses including 41591 19 occurring in pre vious years 226726 90452 ComptbolleeGenebals Eepobt 2 Deduct amount received for salvage fire 16165 reinsurance fire 5519712 55358 77 10 11 12 13 14 15 16 17 18 19 20 21 22 23 38 39 Net amount paid polieyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 588272 and expenses 537447 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Bents including 272659 for companys occupancy of its own buildings Advertising 152479 printing and stationery 3 48152 total 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 Bepairs 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 Municipal licenses and tax on premiums 272302 tax on personal prop erty 8411 total Other disbursements Traveling expenses general 89382 miscellaneous expenses 178059 profit and loss bills receivable 15510 profit and loss mortgage loans 1440 total Agents balances charged off Gross loss on sale or maturity of ledger assets viz Bonds 171368 13 3901 09 50250 63 11257 19 14497 13 2726 59 5006 31 2619 15 122 75 137 75 194 00 2387 82 198 13 169 20 1264 15 1472 35 3933 11 2751 92 2807 13 2843 91 1536 14 3952 27 41 Total disbursements 288396 85 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 9029553 and stocks 6972014 5 Cash in companys office 96767 38 46444 18 9000 00 160015 67 16646 14ComptrollerGeneral s Report 7 Deposits in trust companies and banks on interest 20150 02 8 Agents balances representing business written subsequent to Oct 1 1912 62332 86 9 Agents balances representing business written prior to Oct 1 1912 87 50 11 Bills receivable taken for fire risks 2838 67 12 Other ledger assets viz Open accounts 1484 40 13 Suspended debts 277 87 16 Total ledger assets NonLedger Assets 17 Interest due 10686 and accrued 55624 on mortgages 663 10 IS Interest accrued on bonds 1266 66 20 Interest accrued on other assets Divi dends declared on stock 2293 00 24 Total 25 Market value of real estate over book value 26 Market value not including interest in item 18 of bonds and stocks over book value 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 8750 35 Bills receivable past due taken for ma rine inland and fire risks 1559 03 38 Book value of ledger assets over market value viz Suspended debts 277 87 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid not yet due 16575 20 2 Gross claims for losses in process of ad justment or in suspense plus 184636 reserve for losses incurred prior to Dec 453 416044 69 4222 76 38482 62 75800 33 534550 40 1924 40 532626 00454 ComptrollerGenekals Report 31 of which no notice had been received on that date 20800 44 3 Gross claims for losses resisted 10506 83 4 Total 47882 47 5 Deduct reinsurance due or accrued 3428 61 6 Net amount of unpaid losses and claims 41453 86 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 172 80937 unearned premiums fifty per cent 86404 69 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 26181647 un earned premiums pro rata 143 i 74 93 11 Total unearned premiums as computed above 230179 62 19 Kstimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 5000 00 21 Reinsurance premiums 3447 oi 26 Total amount of all liabilities except capital 280081 35 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 52544 29 Surplus as regards policyholders 252544 65 30 Total liabilities 532626 00 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 5 under this heading in last years statement 33044628 00 602904 92 2 Written or renewed during the year 25605961 00 435366 05 4 Tota 58650589 00 1038270 97 5 Deduct those expired and marked off as terminated 28401326 00 506870 86 ComptrollerGenerals Report 455 6 In force at the end of the year 30249263 00 531400 11 7 Deduct reinsurance schedule required 5080025 00 96774 27 8 Net amount in force 25169238 00 434625 84 Business in the State of Georgia During the Year 28 Gross risks written 953289 00 Less 19522500 risks cancelled and 17229400 reinsur ance in companies authorized in Georgia 367519 00 Net risks written 585770 00 29 Gross premiums on risks written 18836 58 Less 327056 return premiums and 356108 premiums for reinsurance in companies authorized in Georgia 6831 64 Net premiums received 12004 94 30 Losses paid deducting salvage 15 144 64 Less losses on risks reinsured in companies authorized in Georgia 2972 31 Net losses paid 12172 33 31 Losses incurred 14520 68 Less losses on risks reinsured in companies authorized in Georgia 3013 29 Net losses incurred 11507 39 WESTERN ATLANTIC FIRE INSURANCE COMPANY OF NASHVILLE TENNESSEE G S Parkes President J W Handly Secretary ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets Xas per balance December 31 of previous year 342064 04 4 Extended at 342064 04 IIIncome 5 Gross premiums 95591 17 6 Deduct gross amount paid for reinsurance456 ComptbolleeGenebal s Bepobt fire 812645 return premiums 08924 total 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 less 4375 accrued interest on bonds acquired during 1912 12 Gross interest on deposit in trust com panies and banks 13 Gross interest from all other sources viz Bills receivable 16 Gross rents from companys property in cluding 153000 for companys occu pancy of its own buildings 17 Total gross interest and rents 18 From other sources Borrowed money 20 Stock surplus account 21 Reinsurance premiums 22 Bond account 31215 69 64375 48 1377 68 4931 83 519 58 8 62 22191 02 29585 98 2700 00 9168 00 34 61 450 00 28 Total income 106314 07 IIIDisbursements GrosS amount paid policyholders for losses including 384565 occurring iu pre vious years 33789 67 Deduct amount received for salvage fire 155304 reinsurance fire 221437 3767 41 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement for losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 225000 and expenses 181551 of special and general agents 8 Salaries fees and all other charges of Officers directors trustees and home office employees 9 Rents 10 Advertising 153022 printing and stationery 31681 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture ami fixtures 14 Maps including corrections 30022 26 719 61 16313 18 759 21 4065 51 13494 00 1530 00 1847 03 539 12 1036 20 834 82 238 00ComptbollebGeneeal s Report 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on capital stock 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Taxes on personalty 23 Other disbursements 24 Exchange 22165 directors meetings 4990 25 Home officers traveling expenses 95379 general ex penses 87311 26 Earned premiums on real estate policy 27 Agents balances charged off 28 T F Cobb 5000 Campbell Perkins 25000 29 C T Johnson 4000 Brandon Ptg Co 29564 30 Coml Bank Trust Co 41 Total disbursements IVLedger Assets 1 Book value of real estate3 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 7513387 and stocks 1304000 5 Gash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to Oct 1 1912 9 Agents balances representing business written prior to Oct 1 1912 12 Other ledger assets viz Underwriters Fund 13 Unearned premiums on real estate policy 14 Bills receivable 158199 16 20058 95 25350 98 88173 87 368 00 11799 50 23900 00 14222 96 116 99 200 00 719 61 1000 00 NonLedger Assets 457 412 48 426 50 256 96 17728 51 5148 10 466 78 2969 13 481 79 271 55 1826 90 239 86 343 24 300 00 335 64 1661 71 104268 09 16 Total ledger assets 344 ijq q 17 Interest on mortgages 18 Interest on bonds 2496 13 378 00458 ComptrolleeGeneeals Bepoet 2704 58 2686 68 5167 88 19 Interest on collateral loans 20 Interest on other assets 2390000 cert of Deposit 23 Eents due 229143 and accrued 287645 on companys property or lease 24 Total 13433 27 27 Other nonledger assets viz Judgment for attys fees and costs in Coml Bank and Trust Co suit 3800 00 30 Gross assets 361343 29 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912t 38 Book value of ledger assets over market value viz Bills receivable 116 99 1000 00 41 Total admitted assets 360226 30 VLiabilities 1 Gross losses adjusted and unpaid not yet due 2 Gross claims for losses in process of ad justment or in suspense 3 Gross claims for losses resisted 6 Net amount of unpaid losses and claims 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 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 2162 46 7185 90 1000 00 4 Total 10348 36 5 Deduct reinsurance due or accrued 1249 00 24624 71 18425 02 11 Total unearned premiums as computed above 19 Estimated amounts hereafter payable for federal state and other taxes based upon the business of the year of this statement 9099 36 43049 73 1200 00459 ComptrollerGenerals Report 20 Commissions brokerage and other charges due or to be come due to agents and brokers 21 Reinsurance premiums 22 Due and to become due for borrowed money 23 All other liabilities viz Furniture fixtures etc 24 Balance on Bond 26 Total amount of all liabilities except capital 57363 84 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 102862 46 119 87 164 52 2700 00 580 36 450 00 29 Surplus as regards policyholders 30 Total liabilities VIBisks and Premiums 302862 46 360226 30 Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 3013263 00 45854 28 2 Written or renewed during the year 7035218 S3 95591 17 4 Total 10048481 83 5 Deduct those expired and marked off as terminated 3713969 73 141445 45 53565 54 6 In force at the end of the year 633453 2 10 87879 94 7 Deduct reinsurance schedule required 851891 71 12714 59 8 Net amount in force 5482620 39 75165 35 Business in the State of Georgia During the Year 68125 00 8800 00 28 Gross risks written Less 830000 risks cancelled and 50000 reinsurance in companies authorized in Georgia Net risks written 59325 00 29 Gross premiums on risks written 1077 32 Less 19075 return premiums and 1000 premiums for reinsurance in companies authorized in Georgia 200 75 Net premiums received 876 57460 omptrollerGenerals Report WESTERN ASSURANCE COMPANY OF TORONTO CANADA W B Meikle General Manager C C Poster Secretary C H Godfrey Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 207000 00 2 Amount of ledger assets as per balance December 31 of previous year 2400486 89 IIIncome Fire Marine and Inland 5 Gross premiums2282493 16 393749 00 6 Deduct gross amount paid for reinsurance fire 59596247 marine and inland 13476403 re turn premiums fire 36041855 marine and inland 2146049 956381 02 156224 52 7 Total premiums other than perpetual 1326112 14 237524 48 1563636 62 9 Gross interest on mortgage loans less 59464 accrued interest on mortgages acquired during 1912 85160 76 12 Gross interest on deposit in trust com panies and banks 6548 91 13 Gross interest from all other sources viz TJnlisie sets 1 H 3i 17 Total gross interest and rents 26 Gross profit on sale or maturity of ledger assets viz Bonds 5257 16 28 Total income 1660744 81 IIIDisbursements 1 Gross amount paid policyholders for losses including 16286737 occurring in pre vious years 1259864 10 2 Deduct amount received for salvage fire 724078 marine and inland 41ComptrollerGeneral s Report 461 56675 reinsurance marine and inland fire 56638 total fire 24793838 9530107 discount 392613 36 3 Net amount paid policybolders for losses 867250 74 4 Expenses of adjustment and settlement of losses 12734 40 5 Commissions or brokerage 364309 66 7 Salaries 2932410 and expenses 3888713 of special and general agents 68211 23 8 Salaries fees and all other charges of officers directors trustees and home office employees 89527 69 9 Rents including 495132 for companys occupancy of its own buildings 9661 44 10 Advertising printing and stationery 24298 83 11 Postage telegrams telephone and express 9389 77 12 Legal expenses 1389 71 13 Furniture and fixtures 1166 69 14 Maps including corrections 5049 70 15 Underwriters Boards and Tariff Associations 16767 98 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 4635 44 17 Inspections and surveys 5653 29 20 State taxes on premiums 22604 02 21 Insurance department licenses and fees 11272 12 22 All other licenses fees and taxes Municipal 14529 39 23 Other disbursements Exchange 1718 57 25 Water 313 77 26 Remitted to home office 28778 11 38 Agents balances charged off 3 88 39 Gross loss on sale or maturity of ledger assets vizr Bonds 19660 67 41 Totaldisbursements 1588927 10 IVLedger Assets 4 Book value of bonds 163123857 and stocks 26645823 1897696 80 5 Cash at branch offices 10143 54 6 Deposits in trust companies and banks not on interest 358933 83 8 Agents balances representing business written subsequent to Oct 1 1912 196383 37 9 Agents balances representing business wTitten prior to Oct 1 1912 8356 73 10 Bills receivable taken for marine and in land risks 790 33 16 Total ledger assets 2472304 60462 ComptrollerGenerals Eeport NonLedger Assets 18 Interest accrued on bonds 20668 37 28 Reinsurance on losses paid 8324 13 30 Gross assets 2501297 10 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 8356 73 38 Book value of ledger assets over market value 28378 32 39 Cash not in control of Trustees 241783 41 40 Investments not in control of Trustees 44270 73 41 Total admitted assets 2178507 91 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 35510 reserve for losses incurred prior to Bee 31 of which no notice had been received on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 267121 80 7247 00 274368 80 95537 97 6 Net amount of unpaid losses and claims 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 763 17641 unearned premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 1542367 05 un earned premiums pro rata 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 9493457 unearned premiums fifty peT cent Ocean cargo 100 per cent 178830 83 381588 20 9962 71 47467 28 13225 67ComptrollerGeneral s Eeport 463 10 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine time hull risks 1204041 unearned premiums 50 per cent 6020 20 11 18 19 20 26 27 28 29 SO Total unearned premiums as computed above 1238264 06 Salaries rents expenses bills accounts fees etc due or accrued 1200 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 23454 55 Commissions brokerage and other charges due or to be come due to agents and brokers 4493 9S Total amount of all liabilities except capital 1446243 42 Capital actually paid up in cash 207000 00 Surplus over all liabilities 525264 49 Surplus as regards policyholders 732264 49 Total liabilities 2178507 91 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31 day of December as per line 6 under this heading in last years statement 264105392 00 2629239 77 Written or renewed during the year 250166010 00 2282493 16 Excess of original premiums over amount received for reinsurance 138744 87 Total 514271402 00 5050477 SO Deduct those expired and marked off as j terminated 220233341 00 2230709 13 In force at the end of the year294038061 00 2819768 67 Deduct amount reinsured schedule re quired 67368582 00 514225 21 28 Net amount in force226669479 00 2305543 46 Business in the State of Georgia During the Year Gross risks written 3184889 00 Less 67977000 risks cancelled and 60117500 reinsur ance in companies authorized in Georgia 1083065 00 Net risks written 2101824 00464 ComptrollerGenerals Report 29 Gross premiums on risks written 46736 27 Less 721567 return premiums and 700386 premiums for reinsurance in companies authorized in Georgia 12876 40 Xet premiums received 33859 87 30 Losses paid deducting salvage 24588 39 Less losses on risks reinsured in companies authorized in Georgia 4787 13 Net losses paid 19501 26 31 Losses incurred 23074 39 Less losses on risks reinsured in companies authorized in Georgia 4859 13 Met losses incurred 18215 26 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK N Y George R Crawford President Otto E Schaefer Secretary Edgar Dunlap Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 4470203 83 4 Extended at 4470203 83 nIncome 0 Gross premiums 4780069 81 6 Deduct gross amount paid for reinsurance fire 70834313 return premiums fire 71018711 total 1418530 24 7 Total premiums other than perpetual 3361539 57 9 Gross interest on mortgage loans 8101 38 11 Gross interest on bonds and dividends on stocks less 2348 48 accrued interest on bonds acquired during 1912 200395 97 12 Gross interest on deposit in trust com panies and banks 2870 17 16 Gross rents from companys property 108 00 17 Total gross interest and rents 211475 52 ComptrollerGenerals Report 18 Refund character unknown 24 Increase in liabilities during the year on account of re insurance treaties 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Real estate Stocks 465 1545 00 20905 31 446 91 4779 45 8311 87 28 Total income 3609003 63 IIIDisbursements 1 Gross amount paid policyholders for losses including 27758282 occurring in pre vious years 1915660 78 2 Deduct amount received for salvage fire 1376031 reinsurance fire 344 06853 total 357828 84 9 10 11 12 13 14 15 16 17 19 20 21 22 24 34 38 39 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 6459831 and expenses 11157353 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 528144 printing and stationery 2713297 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 Taxes on real estate State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Federal corporation tax Municipal taxes and licenses Collection and exchange Paid stockholders for interest or dividends amount de clared during the year Agents balances charged off Gross loss on sale or maturity of ledger assets viz Stocks 1557831 94 29881 53 573750 40 176171 84 131058 86 19515 26 32414 41 19180 39 95 82 10393 11 11080 72 29395 14 12930 31 20387 41 442 48 53748 94 13605 30 310 05 11997 28 2328 83 120000 00 432 01 603 33 41 Total disbursements 2827555 36466 CompteollebGeneeals Eepoet IYLedger Assets 1 Book value of real estate 5876 00 2 Mortgage loans on real estate 149361 00 4 Book value of bonds 4642456 10 7 Deposits in trust companies and banks on interest 293810 04 8 Agents balances representing business written subsequent to October 1 1912 440642 38 9 Agents balances representing business written prior to Oct 11912 19506 57 16 Total ledger assets 5551652 10 NonLedger Assets 17 Interest due 96750 and accrued 79447 on mortgages 1761 97 18 Interest due 274500 and accrued 6 76249 on bonds f507 49 24 Total 1 30 Gross assets 5562921 50 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 19506 57 38 Book value of ledger assets over market value 38143 61 41 Total admitted assets 5363271 38 VLiabilities 1 Gross losses adjusted and unpaid 96807 39 2 Gross claims for losses in process of ad justment or in suspense plus 960000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 327095 12 3 Gross claims for losses resisted 24692 11 4 Total 448594 62 5 Deduct reinsurance due or accrued 119878 90 6 Net amount of unpaid losses and claims 328715 72ComptrollerGenerals Eeport 467 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 2108 48587 unearned premiums fifty per cent 1054242 93 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 402377365 un earned premiums pro rata 2154670 19 11 Total unearned premiums as computed above 3208913 12 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 45 000 00 21 Reinsurance premiums 28 129 98 23 All other liabilities 5 000 00 31596 84 26 Total amount of all liabilities except capital 3647355 66 27 Capital actually paid up in cash 300000 00 28 Surplus over all liabilities 1415915 72 29 Surplus as regards policyholders 1715915 72 30 Total liabilities 5363271 38 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 567440809 5717964 32 2 Written or renewed during the year 484541928 4780069 81 4 Total 1051982737 10498034 13 5 Deduct those expired and marked off as terminated 346056155 3404038 57 6 In force at the end of the year 705926582 7093995 56 7 Deduct amount reinsured schedule re quired 93999327 961735 84 8 Net amount in force 611927255 6132259 52468 ComptrollerGenerals Report Business in the State of Georgia During the Year 28 Gross risks written 3661725 00 Less 50632300 cancelled and 44224700 reinsurance in companies authorized in Georgia 948570 00 Net risks written 2713155 00 29 Gross premiums on risks written 46346 62 Less 620140 return premiums and 477560 premiums for reinsurance in companies authorized in Georgia 10977 00 Net premiums received 3o369 62 30 Losses paid deducting salvage 1497o 2S Less losses on risks reinsured in companies authorized in Georgia 365 34 Net losses paid 14609 94 31 Losses incurred 1331 li Less losses on risks reinsured in companies authorized in Georgia 737 01 Net losses incurred 12634 13 WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOKLYN NEW YORK George E Branson President David J Burtis Secretary W B Hoyt Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 600000 00 2 Amount of ledger assets as per balance December 31 of previous year 4197415 68 4 Extended at W415 IIIncome 5 Gross premiums 8225579 98 6 Deduct gross amount paid for reinsurance fire 50716627 return premiums fire 52336986 1030536 13 7 Total premiums other than perpetual 2195043 85ComptrollerGeneral s Report 469 9 Gross interest on mortgage loans 24144 94 10 Gross interest on collateral loans 250 00 11 Gross interest on bonds and dividends on stocks less 237012 accrued interest on bonds acquired during 1912 117847 61 12 Gross interest on deposit in trust com panies and banks 7096 22 13 Gross interest from all other sources viz Interest on premium notes 535 34 16 Gross rents from companys property in cluding 150000 for companys occu pancy of its own buildings 3714 15 17 Total gross interest and rents 153588 26 18 From other sources Sale of maps 3540 72 26 Gross profit on sale or maturity of ledger assets viz Bonds 173375 stocks 2050344 total 22237 19 28 Total income 2374210 02 IIIDisbursements 1 Gross amount paid policyholders for losses including 16821813 occurring in pre vious years 1533607 23 2 Deduct amount received for salvage fire 1447752 reinsurance fire 24596426 discount fire 107467 261516 43 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 26297 15 5 Commissions or brokerage 614026 99 6 Allowances to local agencies for miscellaneous agency expenses 14301 93 7 Salaries 5163416 and expenses 2091214 of special and genera agents 72546 30 8 Salaries fees and all other charges of officers directors trustees and home office employees 115056 69 9 Eents including 150000 for companys occupancy of its own buildings r 23758 40 10 Advertising 415793 printing and stationery 16 59247 total 20750 40 11 Postage telegrams telephone and express 15770 26 12 Legal expenses 808 77 13 Furniture and fixtures 1484 08 15 Underwriters Boards and Tariff Associations 25899 01 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 10673 43470 ComptrollerGenerals Report q 004 f7 17 Inspections and surveys io 18 Repairs and expenses other than taxes on real estate 3695 82 19 Taxes on real estate 862 18 20 State taxes on premiums 42365 22 21 Insurance department licenses and fees 14663 9iJ 22 All other licenses fees and taxes Federal corporation tax 14669 904880 total 9A95 49 23 Other disbursements Premiums or surety bonds 51250 Collection fees on premium note 9363 sundries 21981 total 825 94 34 Paid stockholders for interest or dividends amount de clared during the year 370000 00 38 Agents balances charged off 1428 30 39 Gross loss on sale or maturity of ledger assets viz Bonds 427190 stocks 10568383 109955 73 40 Gross decrease by adjustment in book value of ledger assets viz Stocks 90 00 41 Total disbursements 2769780 88 IVLedger Assets 1 Book value of real estate J75000 00 2 Mortgage loans on real estate 538400 00 3 Loans secured by pledge of bonds stocks or other collateral 5000 00 4 Book value of bonds 105613565 and stocks 141626288 total 2472398 53 5 Cash in companys office 359 96 7 Deposits in trust companies and banks on interest 395589 02 8 Agents balances representing business written subsequent to October 1 1912 282163 97 9 Agents balances representing business written prior to Oct 1 1912 6323 88 11 Bills receivable taken for fire risks 20524 49 13 Cash at Branch office Freeport 111 6084 97 16 Total ledger assets 3801844 82 NonLedger Assets 17 Interest accrued on mortgages 5058 73 18 Interest accrued on bonds lo400 25 19 Interest accrued on collateral loans 125 00 24 Total 205S3 98 30 Gross assets 3822428 80CompteolleeGeneeals Beport 471 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 6323 88 38 Book value of ledger assets over market value 131148 53 137472 41 41 Total admitted assets 3684956 39 VLiabilities 1 Gross losses adjusted and unpaid not yet due 125025 10 2 Gross claims for losses in process of ad justment or in suspense plus 2000000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 183485 29 3 Gross claims for losses resisted 16320 00 4 Total 211830 39 5 Deduct reinsurance due or accrued 42487 01 6 Net amount of unpaid losses and claims 169 343 38 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 1316 45970 unearned premiums fifty per cent 658229 85 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 292865109 un earned premiums pro rata 1564989 44 11 Total unearned premiums as computed above 2223219 29 18 Salaries rents expenses bills accounts fees etc due or accrued 000 00 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 25 000 00 26 Total amount of all liabilities except capital 2418562 67 472 ComptbollebGenebals Kepoet 27 Capital actually paid up in cash 600000 00 28 Surplus over all liabilities 666393 72 29 Surplus as regards policyholders 1266303 2 30 Total liabilities 3684956 39 VIRisks and Premiums 1 In force December 31 1911445693130 00 4727387 05 2 Written or renewed in 1912 298039196 00 3 Excess of original premiums over amount received for reinsurance 16794 51 4 Totals 743732326 00 796976154 5 Deduct expirations and cancellations 279825489 00 3089928 45 6 Tn force December 31 1912463906837 00 4879833 09 7 Deduct amount reinsured 57834318 00 634722 30 8 Net amount in force406072519 00 4245110 79 Business in the State of Georgia During the Year 28 Gross risks written 3947044 00 Less 96581100 risks cancelled and 34005900 reinsur ance in companies authorized in Georgia 1305870 00 Net risks written MM 00 29 Gross premiums on risks written Less 977978 return premiums and 466661 premiums for reinsurance in companies authorized in Georgia 14446 39 Net premiums received 43186 7 30 Losses paid deducting salvage 16468 95 Less losses on risks reinsured in companies authorized in 824 61 Georgia Net losses paid 31 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 15644 34 16909 12 720 61 Net losses incurre d 16188 51ComptrollerGtesterals Report 473 UNITED STATES BRANCH OF YORKSHIRE INSURANCE LTD OF YORK ENGLAND Frank DuBois United States Managers Wm A Wright 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 IIIncome 5 Gross premiums i 6 Deduct gross amount paid for reinsurance fire 7415109 return premiums fire 9205046 COMPANY 625375 66 540734 55 166201 55 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 35326 accrued interest on bonds acquired during 1912 12 Gross interest on deposit in trust com panies and banks 374533 00 20696 74 1302 06 17 Total gross interest and rentst 27 Gross increase by adjustment in book value of ledger assets viz Bonds 28 Total income IIIDisbursements 1 Gross amount paid policyholders for losses including 457778 occurring in pre vious years 2 Deduct amount received for salvage fire 57491 reinsurance fire 1092617 discount fire 12459 71597 82 11625 67 3 Net amount paid policyholders for losses j 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 8 Salaries fees and all other charges of officers directors trustees and home office employees 21998 80 2271 25 398803 05 59972 15 789 36 86925 78 30680 64474 ComptrollerGenerals Report 9 Rents 10 Advertising 241063 printing and stationery 6 43257 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters Boards and Tariff Associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 AH other licenses fees and taxes Secured debt tax New York 57500 city license Los Angeles 1000 city license Portland Oregon 1000 city license Los Angeles 1000 23 Other disbursements Auditing 18250 subscriptions 65925 bank collections 12915 miscellaneous acct 123982 remittance to home office 1198790 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 4 Book value of bonds 624450 00 5 Cash in companys office San Francisco Cal 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Agents balances representing business written subsequent to Oct 1 1912 9 Agents balances representing business written prior to Oct 1 1912 86 10 135 52 106745 71 63019 98 1546 55 16 Total ledger assets NonLedger Assets 18 Interest accrued on bonds 7258 33 24 Total 27 Other nonledger assets 2938 84 8843 20 1576 38 6 00 2975 37 6494 05 1886 92 3249 11 557 24 2444 88 3695 06 605 00 14198 62 356 25 228194 85 795983 86 7258 33 749 75 30 Gross assets 803991 94ComptrollerGenerals Report Deduct Assets Not Admitted 475 34 Agents balances representing business written prior to Oct 1 1912 ij546 55 38 Book value of ledger assets over market OQ n vaIue 1850 00 o9 Cash m San Francisco office 86 10 3482 65 41 Total admitted assets 800509 29 VLiabilities 1 Gross losses adjusted and unpaid not et due 14714 47 2 Gross claims for losses in process of ad justment or in suspense plus 213200 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 3189e og 4 Total 46610 55 5 Deduct reinsurance due or accrued 6 882 73 6 Net amount of unpaid losses and claims 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 23667744 unearned premiums fifty per cent 118338 72 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running more than one year from date of policy 13624535 un earned premiums pro rata 112 965 34 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 39727 82 231304 06 500 00 6000 00476 ComptrollerGenerals Beport 26 Total amount of all liabilities except capital 277531 88 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 322977 41 522977 41 29 Surplus as regards policyholders 30 Total liabilities 800509 29 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 9740472 00 2 Written or renewed during the year 54775228 00 88422 74 540734 55 4 Total 64515700 00 5 Deduct those expired and marked off as terminated 19818007 00 629157 29 186120 14 6 In force at the end of the year 44697693 00 443037 15 7 Deduct reinsurance schedule required 7204092 00 70114 36 8 Net amount in force 37493601 00 372922 79 Business in the State of Georgia During the Year 28 Gross risks written Less risks cancelled 158450 00 49600 00 0 108850 00 Is et risks written v 29 Gross premiums on risks written 469 79 Less return premiums Net premiums received Net losses paid 2013 62 351 01LIFE INSURANCE COMPANIES MTNA LIFE INSURANCE COMPANY OF HARTFORD CONN M G Bulkeley President C E Gilbert Secretary W E Hawkins 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 year 93374382 66 4 Extended at 93374382 66 IIIncome 5 First years premiums on original policies without deduction for commissions or otheT expenses less 262005 for first years reinsurance 6 Surrender values applied to pay first years premiums 1324549 47 50327 55 7 Total first years premiums on original Policies 1374877 02 8 Dividends applied to purchase paidup additions and annuities 9 Surrender values applied to purchase paid up insurance and annuities 10 Consideration for original annuities in volving life contingencies 25490 51 11 Consideration for supplementary contracts involving life contingencies 1256 00 89S8 80 108731 29 12 Total new premiums 15 9343 62 13 Renewal premiums without deduction for commissions or other expenses less 5 97629 for reinsurance on renewals 9188756 73 14 Dividends applied to pay renewal prem iums 503797 94478 ompteollebGekeeal s Kepobt 16 Surrender values applied to pay renewal premiums 17 Renewal premiums for deferred annuities 1262 33 2092 56 18 Total Tenewal premiums 9695909 06 108672 51 172835 05 19 Total premium income 11215253 18 20 Consideration for supplementary contracts not involving life contingencies 21 Dividends left with the company to accumulate at interest 23 Gross interest on mortgage loans 2528108 60 24 Gross interest on collateral loans 45918 31 25 Gross interest on bonds and dividends on stocks less 1596399 accrued interest on bonds acquired during 1912 1399273 89 26 Gross interest on premium notes poliey loans or liens 27 Gross interest on deposit in trust com panies and banks 31 Gross discount on claims paid in advance 32 Gross rent from companys property in cluding 3500000 for companys occu pancy of its own buildings 574250 49 73745 26 1528 95 48950 27134 03 11 15 33 Total gross interest and rents 4671776 17 34 From other sources Investment expense account 26 01078 reimbursement on account of expenses on real estate during foreclosure 62335 forfeit on bond option 50000 total 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Real estate 382010 bonds 2185231 stocks 31633605 total 342008 46 42 Gross increase by adjustment in book value of ledger assets viz Bonds 4773484 stocks 20326254 250997 38 43 Total income 6788687 93 IITDisbursements 1 For death claims less 846600 reinsurance 390161140 additions 9065 3901702 05 2 For matured endowments 270312100 3 Net amount paid for losses and matured endowments 6604823 05 4 For annuities involving life contingencies 41378 04 6 Surrender values paid in cash or applied in liquidation of loans or notes 2356547 65ComptrollerGenerals Report 479 7 Surrender values applied to pay new premiums 50 32755 to pay renewal premiums 126233 51589 88 8 Surrender values applied to purchase paidup insurance and annuities 108731 29 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 590 281 29 10 Dividends applied to pay renewal premiums 503797 94 12 Dividends applied to purchase paidup additions and annuities 8988 80 13 Dividends left with the company to accumulate at interest 172835 05 14 Total paid policyholders 10438972 99 15 Expense of investigation and settlement of policy claims including legal expenses 4 634 28 16 Paid for claims on supplementary contracts not involving life contingencies 41 ggg 35 17 Dividends and interest thereon held on deposit surren dered during the year 72 726 34 18 Paid stockholders for interest or dividends 200000 00 19 Commissions to agents less commission on reinsurance First years premiums 52946505 renewal premiums 50890923 annuities original 182849 renewal 9589 total 1040298 66 20 Commuted renewal commissions 11 569 57 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 585 00 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 68131 15 23 Branch office expenses including salaries of managers and clerks 143 057 13 24 Medical examiners fees 7912950 inspection of risks 1619781 total 95327 31 25 Salaries and all other compensation of officers directors trustees and home office employees 377 812 02 26 Rents including 2500000 for companys occupancy of its own buildings 84030 49 27 Advertising 1970882 printing and stationery 66 84831 postage telegraph telephone and express 58 95425 exchange 174295 total 147254 33 28 Legal expense not included in item 15 5590 88 29 Furniture fixtures and safes 12215 69 30 Eepairs and expenses other than taxes on real estate 34430 97 31 Taxes on real estate 12948 65 32 State taxes on premiums 1 33567 85 33 Insurance department licenses and fees 10587 47 34 All other licenses fees and taxes Federal corporation tax 1714290 publication fees 96736 tax on capital stock 10804128 valuation of policies 3480 ComptbollehGenekal s Report 23917 tax on reserve 935553 local license on property tax 19500350 total 333749 74 38 Other disbursements Investment expense account 1633319 sundries 113735 incidentals 1 54002 membership in Association of Life Insurance Presidents 337412 home office travel 304951 bills receivable charged off 2107143 total 40505 62 46 Gross loss on sale or maturity of ledger assets viz Real estate 18875 bonds 276776 stocks 18 66250 total 21619 01 47 Gross decrease by adjustment in book value of ledger assets viz Bonds including 132307 for amortiza tion of premium 25119120 stocks 2891725 280108 45 48 Total disbursements 13617386 25 IVLedger Assets 1 Book value of real estate o77487 41 2 Mortgage loans on real estate first liens 50630808 52 3 Loans secured by pledge of bonds stocks or other col lateral 1088454 97 4 Loans made to policyholders on this companys policies assigned as collateral 89 905 6 5 Premium notes on policies in force of which 282376 is for first years premiums 128401 00 6 Book value of bonds 2763122176 and stocks 4189 68190 total 31820903 66 7 Cash in companys office 9356 62 8 Deposits in trust companies and banks not on interest 1125490 35 9 Deposits in trust companies and banks on interest 2156493 55 10 Bills receivable 37271 agents balances debit 39 411868 credit 739719 net 3201149 32384 20 12 Total ledger assets 96545684 34 NonLedger Assets 13 Interest due l53582 and accrued 1 40785397 on mortgages 1425389 79 14 Interest due 806948 and accrued 387 61447 on bonds 395683 95 15 Interest accrued on collateral loans 20099 79 16 Interest due on premium notes policy loans or liens 149043 00 17 Interest on other assets Bank deposits 1612 69 20 Rents on companys property or lease 250 00 21 Total interest and rents clue and accrued 1992079 22ComptrollerGenerals Eeport 481 23 Market value of bonds and stocks over book value 2 49 378 43 24 Due from other companies for losses or claims on policies of this company reinsured 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums jq2 374 13 26 Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 523 00 492063 96 27 Totals 28 Deduct loading 1254440 03 210603 70 29 Net amount of uncollected and deferred premiums 1043836 33 35 Gross assets 102011501 32 Deduct Assets Not Admitted 38 Agents debit balances gross 40 Bills receivable 41 Premium notes and loans on policies and net premiums in excess of the net value of their policies 39408 68 372 71 232 96 Total 40014 35 43 Book value of ledger assets over market value viz Admitted assets life premiums 101 971 486 97 45 Admitted assets accident health and liability premiums SSS 33 46 Total admitted assets 110523775 30 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 3912 as computed by the Company on the following tables of mortality and rates of interest viz American Experience table at 3 per cent on entire non participating class and on participating class issued prior to 1901 58149121 00 American Experience table at 3 per cent on participating class issued in 1901 and subsequently 28149001 00 Same for reversionary additions 18 718 00 Net present value of annuities including those in reduction of premiums Give482 ComptkollekGenekals Keport tables and rates of interest viz Me Clintocks Annuitants 3y2 per cent on business issued prior to 1910 and Mc Clintocks Annuitants 3 per cent and American Experience 3 per cent on business issued in 1910 and subsequently 433096 00 Also supplementary contracts involving life contingencies 107906 00 Total 86857842 00 6 Deduct net value of risks of this company reinsured in other solvent companies 26084 00 Total86831758 00 7 Reserve to provide for disability benefits contained in life policies 86942660 00 8 Net reserve v 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed ii 430o28 00 by the company 10 Liability on policies cancelled and not included in net rpserve unon which a surrender value may be de reserve up g 8Q manded 12 Claims for death losses in process of ad justment or adjusted and not due 164599 00 13 Claims for death losses incurred for which no proofs have been received 184562 00 14 Claims for matured endowments due and 46251 00 unpaid 15 Claims for death losses and other policy claims resisted by the company 24644 47 16 Due and unpaid on annuity claims involv ing life contingencies 8 420135 08 17 Total poliev claims 18 Due and unpaid on supplementary contracts not mvolv ing life contingencies 19 Dividends left with the company to accumulate at interest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 2tftnil S9 21 Unearned interest and rent paid m advance IAI Z 22 Commissions due to agents on premium notes when paid 8447 23 Commissions to agents due or accrued 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon W uComptbolleeGenebals Eepobt 483 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners f ees VllSOO and egai 48 00 due or accrued 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends or other profits due polieyhoiders including those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportionedtoannualdividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise it tv a j j 788119 00 33 Dividends declared on or apportioned to deferred divi dend Plici payable to policyholders during 1913 506 580 54 34 Amounts set apart apportioned provisionally ascertain ed calculated declared or held awaiting apportion ment upon deferred dividend policies lm 924 58 3o Reserve special or surplus funds not included above Ad ditional reserve held under ten year renewable term and other contracts 0Q 37 Total liabilities life business 92 837 637 30 40 Total liabilities accident health and liability business 5J63 406 15 41 Capital stock 2000000 00 42 Eeceived par value of new stock to be issued Oct 1913 1596400 00 43 Unassigned funds surplus 8 326 331 85 44 Total surplus as regards policyholders n 922 734 83 45 Total liabilities life accident health and other business110523775 30 Business in the State of GeoTgia During the Year t No Amount U lolicies on the lives of citizens of said State in force December 31 of previous year 3902 7 527 630 10 J8 Policies oh the lives of citizens of said State issued during the year 792 ij502642 21 Jn n01 4694 9030272 31 50 Deduct ceased to be in force during the year 597 1022689 00 21 Policies in force December 31 4097 8007583 31 M bosses and claims unpaid Dec 31 of previous year 5 7782 00 23 Losses and claims incurred during year 48 88684 75484 CompteollebGenebals Eepoet 24 Total 53 25 Losses and claims settled during the year in cash 8869488 by compromise 18987 49 26 Losses and claims unpaid Dee 31 4 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 96466 75 88884 75 7582 00 234414 46 AFROAMERICAN LIFE INSURANCE COMPANY OF BIRMINGHAM ALABAMA Jesse F Stallings President Thomas H Evans Asst Secretary i Home Office Birmingham Alabama Hon Wm A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 162300 00 2 Cash received from sale of stock 179220 00 3 Collateral notes evidencing unpaid for stock 137700 00 4 Extended at 31692 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 12 Total new premiums 27 Gross interest on deposit in trust com panies and banks 7036 13 872 63 33 Total gross interests and rents 43 Total income p IIIDisbursements 19 Commissions to agents less commission on reinsurance First years premiums l 24 Medical examiners fees 27 Printing and stationery 156784 exchange 261 29 Furniture fixtures and safes 7036 13 872 63 908 76 3075 85 492 50 1569 45 1306 45ComptrollerGenerals R eport 31 Taxes on real estate 33 Insurance department licenses and fees 37 Municipal licenses 485 507 00 158 00 222 40 48 Total disbursements IvLedger Assets 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks orotheVcol lateral 6 Book value of stocks 7 Cash in companys office 8 Deposits in trust companies and banksnotoninsert 9 Deposits m trust companies and banks on interest 10 Agents balances debit 293427 credit 689 11 Afro Securities Company 12 Total ledger assets NonLedger Assets 13 Interest accrued on mortgages 15 Interest accrued on collateral loans 18 Certificate of deposit 4173 94 6470 28 318 06 21 Total interest and rents due and accrued 30 All other assets Stationery furniture and fixtures 35 Gross assets Deduct Assets Not Admitted 36 Companys stock loans on 37 Supplies stationery printed matter 156784 furniture fixtures and safes 130637 38 Agents debit balances gross 40 Admitted assets VLiabilities Surplus and Other Funds 26 Medical examiners fees 35 Reserve special or surplus funds not included above Mortuary fund 25 per cent of gross premiums Reserve for overwriting commissions Reserve for expenses 25 per cent of gross premiums less expense 7331 57 136903 00 137700 00 6200 00 20 91 1498 56 15109 00 2927 38 17138 28 317497 16 10962 28 2874 21 331333 65 137700 00 2874 21 2927 38 187832 06 215 00 1770 28 635 31 1287 97486 ComptrollerGenerals Report 43 Total 44 Capital stock 45 Unassigned funds surplus 46 Total 3909 13 162300 00 16920 00 183129 13 AMERICAN LIFE AND ACCIDENT INSURANCE COMPANY Joe W Ingram President J B Moore Secretary 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 124440 42 4 Extended at 124440 42 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 12 Total new premiums 23 Gross interest on mortgage loans less 24650 accrued interest on mortgages acquired during 1912 25 Gross interest on bonds and dividends on stocks 966 89 5669 26 9 75 33 Total gross interest and rents 34 From other sources Policy fees 40 From agents balances previously charged off IIIDisbursements 3 Net amount paid for losses 15 Expense of investigation and settlement of policy claims 17 Policy fees IS Paid stockholders for interest or dividends 19 Commissions to agents less commission on reinsurance Renewal premiums 21 Compensation of managers and agents not paid by com 87966 89 5679 01 59152 95 319 34 43 Total income 153118 19 39080 59 47 00 58893 00 4000 00 26539 53ComptkollekGenebals Eepoet o r iSSin fr serviees in obtaining new insurance 24 Medical examiners fees 31150 inspection of risks 22000 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Bent 27 Advertising 13970 printing and stationery 181089 postage telegraph telephone and express 2130 67 28 Legal expense 29 Furniture fixtures and safes 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Miscellaneoustaxes and fees 10050 municipal license 30830 38 Other disbursements Surety bonds 15000 miscellane ous expenses 81305 salary branch office 23200 officers traveling expense 69469 total 45 Agents balances charged off 48 Total disbursements IVLedger Assets 2 Mortgage loans on real estate t 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 11 Accident and health on policies or renewals issued on or after Oct 1 1912 12 Total ledger assets NonLedger Assets 13 Interest accrued on mortgages 2 825 40 14 Interest accrued oh bonds 50 21 Total interest and rents due and accrued 31 Cash advanced to agents 32 Furniture and fixtures 33 Supplies and stationery 35 Gross assets Deduct Assets Not Admitted 36 Cash advanced to agents 37 Supplies stationery printed matter 100000 furniture fixtures and safes 250000 1538 70 531 50 8973 89 1630 99 4081 26 206 65 367 15 1231 19 1122 00 408 80 1889 74 33704 15087903 111425 00 100 00 2032 45 3630 83 5663 28 9491 30 126679 58 2825 90 1185 30 2500 00 1000 00 134190 78 1183 30 4685 30 46 Admitted assets 129505 48488 ComptrollerGenerals Report VLiabilities Surplus and Other Funds 11 Claims for losses due and unpaid 2030 00 20 Premiums paid in advance 1269 66 23 Commissions to agents due or accrued 3131 70 25 Salaries rents office expenses bills and accounts due or accrued 149 60 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1004 56 35 Reserve special or surplus funds not included above Unearned premiums 43 Total 10283 44 Capital stock 1000 00 45 Unassigned funds surplus 19082 65 46Total 12950548 Business in the State of Georgia During the Year 18 Policies health and accident 9 60 23 Losses and claims incurred during year 1571 86 AMERICAN NATIONAL INSURANCE COMPANY OF GALVESTON TEXAS W L Moody Jr President L H Collier Secretary J B Daniell Attorney for Service in Georgia IIIncome 1 Gross premiums written and renewed during the year accident 8909094 health 6791557 total 157006 51 2 Deduct reinsurance accident 80 24 3 Deduct return premiumson policies can celled accident 25114 health 25114 502 2S 5 Total deductions accident 331 38 health 25115 total 582 52 6 Net premiums accident 8875956 health 6766443 156423 99ComptbollebGenebals Eepoet 489 20 Policy fees required or represented by applications 77 745 00 31 From other sources Pro life statement J 39 Total income 3055817 82 HIDisbursements L Grzzx zTr lossesaccident8286973 17 tjation and adjustment of cWs ViiV Ac l20ol8 health 120518 total o4ln 7 Policy fees retained by agents J J 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes i 28 fei f 43171 health 3281575 total 72 g47 46 28 Salaries fees and all other compensation of officers 29 SaldlreCttr8 triUStees and h office employees 7 813 61 29 Salaries traveling and all other expenses of agents not paid by commissions 32 Bents including branch officeorcomply soccupancy of its own buildings 35 State taxes on premiums 643 45 36 Insurance department licenses and fees fl 4 37 All other licenses fees and taxes ZZ 88 43 Advertising 394 61 44 Printing and stationery 356 24 45 Postage telegraph telephone andexpress J 46 Furniture and fixtures 6d 48 Other disbursements Branchoffice expense i773 71 exchange 215 petty office expense 112 29 bond fees 1000 total 53 Agents balances charged off 189S 15 55 Gross decrease by adjustment in book value of ledger assets viz From life statement 955 808 40 56 Total disbursements I 1273256 13 VLiabilities 2 Eeported or in process of adjustment accident 115 00 health 20200 total 3 Resisted accident 317 00 5266 66 8 Total 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1912 582 65 36 Advance premiums 45 From life statement S 7S490 ComptrollerGenerals Keport 46 Total amount of all liabilities except capital 1311485 26 47 Capital actually paid up in cash 250000 00 48 Surplus over all liabilities 284696 92 49 Surplus as regards policyholders 534696 92 50 Total liabilities 1846182 18 AMICABLE LIFE INSURANCE COMPANY OF WACO TEXAS Artemas R Roberts President A R Wilson Secretary Wm A Wright Attorney for Service 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 1375353 98 3 Increase of capital during the year 327420 00 4 Extended at 1702773 98 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 321954 lo 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses 136435 02 14 Coupons applied to pay renewal premiums 1575 13 321954 15 18 Total renewal premiums 138010 15 19 Total premium income 21 Coupons left with the company to accumulate at interest 23 Gross interest on mortgage loans less 35557 accrued interest on mortgages acquired during 1912 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust companies and banks 28 Gross interest on other debts due the company Stock notes interest thereon 459964 30 9003 73 14662 42 295 27 10983 24 7913 57ComptrollerGenerals Beport 30 Interest paid in advance 32 Gross rent from companys propertyrciudingssVOO for companys occupancy of its own buildings 43 Total income 491 7 65 57541 76 33 Total gross interest and rents 35 Commissions refunded by agents 36 Amounts received on applications pending 37 Surplus from stockholders on capital stock 40 From agents balances previously charged off 7ft 42 Gross increase by adjustment in book value of ledger assets viz Real estate 183 87 94 95 1059 83 9480 78 HIDisbursements 1 For death claims 9Q 3 Net amount paid for losses and matured endowments 5 Premium notes and liens voided by lapse 10 Coupons applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 14 Total paid policyholders 16 Paid for claims on supplementary contracts not involving life contingencies 17 Coupons and interest thereon held ondepositsurrendered during the year 19 Commissions to agents less commission on reinsurance First years premiums 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 24 Medical examiners fees 2993300 inspection or risks 508600 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including 735400 for companysoccupancy of its own buildings 27 Advertising 450184 printing and stationery 12 95591 postage telegraph telephone and express 7 54270 exchange 36468 total 28 Legal expense 29 Furniture fixtures and safes see nonadmitted assets 30 Repairs and expenses other than taxes on real estate 31 Taxes on real estate 33 Insurance department licenses and fees 54957 90 2035 21 1575 13 9003 73 67571 97 1000 00 238 31 252390 97 10452 93 35019 00 41629 91 7354 00 25365 13 4240 90 29799 66 6550 39 584 78492 ComptrollerGenerals Eeport 34 All other licenses fees and taxes Cost of examinations made by department 183873 agents licenses and bonds 15550 total 38 Other disbursements Amounts so far expended in pre paring for health and accident department 1314 90 amounts transferred during the year from sub to capital stock to authorized and issued capital stock in excess of amounts so received 31499750 amounts transferred from rents paid in advance to gross rents received 235983 compensations of agents for ser vices in collecting renewals 113323 home office traveling expenses 225575 miscellaneous expense 296341 premiums refunded 26087 decrease in premiums in suspense 3204 total 45 Agents balances charged off 48 Total disbursements 1994 23 325317 53 1394 42 813904 13 s IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 3 Furniture and fixtures 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force of which 394077 is for first years premiums 7 Cash in companys office 9 Deposits in trust companies and banks on interest 10 Agents balances debit 2445597 credit 10153 net 891882 48 561496 00 17864 60 2129 35 5073 69 5 62 275544 45 24354 44 12 Total ledger assets 1778350 63 NonLedger Assets 13 Interest accrued on mortgages 16 Interest accrued on premium notes policy loans or liens 17 Interest accrued on other assets 20 Rents due on companys property or lease 20501 50 125 00 870 71 2023 50 21 Total interest and rents due and accrued 23520 71 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 10314 85 26 Gross deferred premiums on policies in force December 31 1912 less reinsurance premiums 8551 56 27 Totals 18866 41ComptrollerGenerals Report 493 28 Deduct loading 29 Net amount of uncollected and deferred premiums 35 Gross assets Deduct Assets Not Admitted 4409 72 14456 69 1816328 03 37 Furniture fixtures and safes 17 354 gg 39 Cash advanced to or in the hands of officers or agents 24455 97 41 Premium notes and loans on policies and net premiums in excess of net value of their policies 4 557 75 46 Admitted assets 1769449 71 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on all policies issued 163025 81 Total 7 Reserve to provide for health and accident benefits con tained in life policies 8 Net reserve 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Secretary 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 13 Claims for death losses incurred for which no proofs have been received 19 Coupons left with the company to accumulate at interest and accrued interest thereon 29139 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 25 Salaries rents office expenses bills and accounts due or accrued estimated 26 Medical examiners fees 156500 and inspection fees 15700 total 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 163025 81 1559 60 164585 41 8325 00 12402 1000 00 11648 81 2311 72 24516 30 2500 00 1722 00 12941 38 494 ComptrollerGenerals Keport 39 All other liabilities Subscriptions to capital stock and surplus not issued 93905 00 41 Cash with applications pending 609 41 42 Suspense 44 Capital stock 800000 00 45 TJnassigned funds surplus 64516513 46 Total 1769449 71 AMERICAN CENTRAL LIFE INSURANCE COMPANY OF INDIANA Herbert M Woollen President Carroll B Carr Secretary William A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 137000 00 2 Amount of ledger assets as per balance December 31 of previous year 3033550 34 4 Extended at 3033550 34 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 171503 for first years reinsurance 6 Surrender values applied to pay first years premiums 321 31 7 Total first years premiums on original policies 286742 64 9 Surrender values applied to purchase paid up insurance and annuities 16197 4o 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 534902 for reinsurance on renewals 730918 92 14 Dividends applied to pay renewal prem 2348 16 mnis 16 Surrender values applied to pay renewal premiums i763 10 302940 09 18 Total renewal premiums 18 Total premium income 735030 18 1037970 27ComptrollerGenerals Eeport 495 23 Gross interest on mortgage loans less 405212 accrued interest on mortgages acquired during 1912 105739 40 24 Gross interest on collateral loans 96 70 26 Gross interest on premium notes policy loans or liens 49215 08 27 Gross interest on deposits in trust com panies and banks 2 249 82 28 Gross interest on other debts due the com pany 184 95 32 Gross rent from companys property in cluding 665496 for companys occu pancy of its own buildings 36289 37 33 Total gross interest and rents 193 775 32 34 From other sources Policy coupons 46145 insureds personal benefit fund 815 total 469 60 41 Gross profit on sale or maturity of ledger assets viz Real estate 395 iq 43 Total income 1232610 35 IIIDisbursements 1 For death claims 184 694 15 5 Premium notes and liens voided by lapse less 2000 restorations 8051 12 6 Surrender values paid in cash or applied in liquidation of loans or notes 131996 43 7 Surrender values applied to pay new premiums 32131 to pay renewal premiums 176310 2084 41 8 Surrender values applied to purchase paidup insurance and annuities 16197 45 9 Dividends paid to polieyholders in cash or applied in liquidation of loans or notes 230 94 10 Dividends applied to pay renewal premiums 2348 16 14 Total paid polieyholders 345602 66 15 Expense of investigation and settlement of policy claims including 9500 for legal expenses 422 96 16 Paid for claims on supplementary contracts not involving life contingencies 650 00 17 Coupons and interest thereon held on deposit surrendered during the year 106 62 18 Paid stockholders for interest or dividends 10960 00 19 Commissions to agents less commission on reinsurance First years premiums 23751396 renewal premiums 4046909 total 277983 05496 ComptrollerGenerals Report 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 17033 26 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 10123 60 23 Branch office expenses including salaries of managers and clerks 6648 16 24 Medical examiners fees 2121067 inspection of risks 628410 total 27494 77 25 Salaries and all other compensation of officers directors trustees and home office employees 73166 98 26 Rent including 665496 for companys occupancy of its own buildings 7689 96 27 Advertising 417020 printing and stationery 971327 postage telegraph telephone and express 593944 exchange 44634 total 20269 25 28 Legal expense not included in item 15 4421 68 29 Furniture fixtures and safes 1887 44 30 Repairs and expenses other than taxes on real estate 15452 46 31 Taxes on real estate 4389 32 32 State taxes on premiums 11393 64 33 Insurance department licenses and fees 6116 35 24 All other licenses fees and taxes State tax on personal property 571 34 38 Other disbursements Agency meetings 325578 Books and mortgages o9490 investment fees 59413 premium Dr Bal 2913 reinst expense 127729 mortgage fire ins 15766 consulting actuaries 2 05000 officers trav exp 330054 surety bonds 1 34011 misc exp 72735 total 13326 89 45 Agents balances charged off 1829 78 46 Gross loss on sale or maturity of ledger assets viz Real estate 524 30 48 Total disbursements 865064 47 IVLedger Assets 2 Mortgage loans on real estate first liens 1895253 01 4 Loans made to policyholders on this companys policies assigned as collateral 982330 89 5 Premium notes on policies in force 10816 43 7 Cash in companys office 446 61 9 Deposits in trust companies and banks on interest 62870 21 10 Agents balances debit 765097 credit 79088 net 6 86009 prem bal dr 32049 cr 40242 net cr 8193 total 5778 16 11 Penn prem tax paid in adv 642 07 12 Total ledger assets 3401096 2213 16 17 20 21 22 25 26 27 28 29 31 32 35 ComptrollerGenerals Eeport NonLedger Assets Interest due 31500 and accrued 32 06292 on mortgages 32377 92 Interest accrued on premium notes policy loans or liens Interest accrued on deposits Rents due on companys property or lease Total interest and rents due and accrued Market value of real estate over book value New Business Renewals Gross premiums due and unreported on policies in force December 31 1912 8172 37 47178 80 Gross deferred premiums on policies in force Dec 31 1912 497 164 39 62 78 320 00 32925 09 76041 16 31902 43 Totals Deduct loading 8172 37 4975 43 79081 23 8286 89 Net amount of uncollected and deferred premiums 3196 94 Fire and liability premiums unearned Furniture and fixtures 70794 34 73991 28 3163 90 16825 22 Gross assets 3604042 87 Deduct Assets Not Admitted 37 Furniture and safes 16825 22 38 Agents debit balances gross 7650 97 41 Premium notes and loans on policies and net premiums in excess of the net value of their policies 7721 72 43 Book value of ledger assets over market value viz Premium Dr Balance 320 49 46 Admitted assets 3571524 47 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Ind Ins Dept on the following tables of mor tality and rates of interest viz 498 CompteollebGeneeals Eepoet 1 Actuaries table at 4 per cent on all issues prior to Jan 1 1908 except two forms of policies 2008887 00 2 American Experience table at 3 per cent on all issues since Jan 1 1908 1074509 00 5 Net present value of annuities including those in reduction of premiums Actuaries table at 4 per cent 1739 00 Total 3085135 00 6 Deduct net value of risks of this company reinsured in other solvent companies 5733 00 8 Net reserve 3079402 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2948 00 11 Claims for death losses due and unpaid 15 48 13 Claims for death losses incurred for which no proofs have been received 11000 00 17 Total policy claims ll01o 48 20 Premiums paid in advance including surrender values so applied 3243 70 21 Unearned interest and rent paid in advance 7367 48 22 Commissions due to agents on premium notes when paid 324 49 23 Commissions to agents due or accrued 204 77 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 32392 25 Salaries rents office expenses bills and accounts due or 1 SB2 6 accrued J 26 Medical examiners fees 39 00 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 15569 55 30 Unpaid dividends to stockholders 85 44 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 2030 94 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 4997 29 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies 5286 89 35 Eeserve special or surplus funds not included above Special surplus to cover possible unknown liabilities 32000 00ComptrollerGenerals Beport 499 39 All other liabilities Insureds personal benefit fund 4 07677 policy coupons 109042 state county and municipal taxes due or accrued 493363 total 10100 82 43i Total 3176642 03 44 Capital stock 137000 00 45 Unassigned funds surplus 257 882 44 46 Total 3571524 47 Business in the State of Georgia During the Year No Amount 18 Policies on the lives of citizens of said State issued during the year 18 35868 00 20 Deduct ceased to be in force during the year 5 13678 00 21 Policies in force December 31 13 22 190 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 479 58 THE BANKERS RESERVE LIFE COMPANY B H Robison President E C Wagner Secretary Wm A Wright 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 3115817 68 4 Extended at 3115817 68 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 85822 for first years reinsurance 191789 43 7 Total first years premiums on original policies 191789 43500 ComptrollerGenerals Keport 8 Dividends applied to purchase paidup additions and annuities 9 Surrender values applied to purchase paid up insurance and annuities 11301 81 1684 21 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 4 32502 for reinsurance on renewals 809257 18 14 Dividends applied to pay renewal prem 108608 79 204775 45 18 Total renewal premiums 19 Total premium income 21 Dividends left with the company to accumulate at in terest 23 Gross interest on mortgage loans less 66708 accrued interest on mortgages acquired during 1912 25 Gross interest on bonds and dividends on stocks less 294017 accrued interest on bonds acquired during 1912 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust companies and banks 917865 97 1122641 42 450 96 42619 32 78093 77 42436 22 3241 09 33 Total gross interest and rents 34 From other sources Suspense items credited 43 Total income IIIDisbursements 166390 40 725 28 1290208 06 1 For death claims less 300000 reinsur ance 5000 additions 135600 00 3 Net amount paid for losses and matured endowments 5 Premium notes and liens voided by lapse less 516736 restorations 6 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and an nuities 135600 00 12334 65 102631 39 1684 21 406 57 108652 92 11301 81ComptrollerGenerals Report 501 13 Dividends left with the company to accumulate at interest 450 96 14 Total paid policyholders 373062 51 15 Expense of investigation and settlement of policy claims including 388 74 18 Paid stockholders for dividends 10000 00 19 Commissions to agents less commission on reinsurance First years premiums 14760104 renewal premiums 1692377 total 164524 81 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 36779 63 24 Medical examiners fees 1378650 inspection of risks 520150 total 18988 00 25 Salaries and all other compensation of officers directors trustees and home office employees 60339 90 26 Rents 5179 92 27 Advertising 530197 printing and stationery 756066 postage telegraph telephone and express 600264 exchange 92981 total 19795 08 28 Legal expense not included in item 15 2672 55 29 Furniture fixtures and safes 402 97 32 State taxes on premiums 15815 74 33 Insurance department licenses and fees 2232 16 34 All other licenses fees and taxes Federal corporation tax 245944 examination by State Ins dept 1 71001 local licenses 25500 state bonds 13000 publication 18445 total 4738 90 38 Other disbursements Loss and gain items 54015 traveling expense 142589 office expense 219024 investment expense 107270 acturial expense 1 81324 premiums on fidelity bonds 174131 total 9083 53 45 Agents balances charged off 689 45 48 Total disbursements 724693 89 IVLedger Assets 2 Mortgage loans on real estate first liens 888000 00 4 Loans made to policyholders on this companys policies assigned as collateral 614013 69 5 Premium notes on policies in force 68084 58 6 Book value of bonds 2003437 78 7 Cash in companys office 95 76 9 Deposits in trust companies and banks on interest 107648 56 10 Agents balances debit 63595 credit 58447 net 51 48 12 Total ledger assets 3681331 85502 CompteollekGenekals Bepoet NonLedger Assets 13 Interest accrued on mortgages 16552 27 14 Interest accrued on bonds 14549 51 16 Interest accrued on premium notes policy loans or liens 214744 21 Total interest and rents due and accrued 33249 22 25 Gross premiums due and unreported on policies in force December 31 1912 26023 09 26 Gross deferred premiums on policies in force December 31 1912 910 91 27 Totals 28 Deduct loading 26934 00 6779 91 29 Net amount of uncollected and deferred premiums Deduct Assets Not Admitted 20154 09 38 Agents debit balances gross 43 Book value of bonds over market value 635 95 31883 54 46 Admitted assets 3702215 67 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Insurance Dept of Nebraska on the following tables of mortality and rates of in terest viz 1 Actuaries table at 4 per cent on 240399100 2 American Experience table at 3 per cent 490112 00 Total 2894103 00 6 Deduct net value of risks of this company reinsured in other solvent companies 3938 00 8 Net reserve 2890165 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 3125 37 13 Claims for death losses incurred for which no proofs have been received 19000 00 17 Total policy claims 19000 00ComptrollerGenerals Eeport 503 19 Dividends left with the company to accumulate at inter est and accrued interest thereon 2090 02 20 Premiums paid in advance including surrender values so applied 7528 23 21 Unearned interest and rent paid in advanee 16677 38 26 Medical examiners fees 1681 50 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 18629 03 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 3270 82 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 4 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies 43122 09 35 Reserve special or surplus funds not included above Special fund calculated as payable to holders of poli cies contingent upon the payment of the Annual premium falling due thereon during 1913 29533 44 44 Capital stock 100000 00 45 TJnassigned funds surplus 566604 45 46 Total 3702215 67 Business in the State of Georgia During the Year No 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 1 i 18 Policies on the lives of citizens of said State is sued during the year 57 21 Policies in force Dec 31 58 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses i Amount 2500 00 970 25 995 25 3076 70504 ComptrollerGenerals Eeport CHEROKEE LIFE INSURANCE COMPANY OF ROME GEORGIA W W Mangum President G K Henshall Secretary Barry Wright Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 299841 99 4 Extended at 299541 99 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 27808 for first years reinsurance ord 3335230 238100 10 19 Total premium income 20 Consideration for supplementary contracts not involving life contingencies income certificates 23 Gross interest on mortgage loans 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust companies and banks 32 Gross rent from companys property including 234000 for companys occupancy of its own buildings 238100 10 1025975 00 714 79 6336 46 8 45 4905 28 8536 35 33 Total gross interest and rents 34 From other sources Partial pay certs 35 Suspense items to be credited to various income accounts 37 Cash bonds agents 38 Bills payable 39 40 From agents balances previously charged off 20501 33 773 50 646 50 302 35 25000 00 745 09 283 85 43 Total income 1312327 72 IIIDisbursements For death claims Additions 104628 73 3250 00 3 Net amount paid for losses and matured endowments 107878 73 4 For annuities involving life contingencies sick benefit 3638 44 5 Premium notes and liens voided by lapse disability claims 152 00ComptrollerGenerals Eeport 505 6 Surrender values paid in cash or applied in liquidation of loans or notes 79 00 18 Paid certificate holders for interest or dividends 50003 64 19 Commissions to agents less commission on reinsurance First years premiums 23118 60 20 Commuted renewal commissions on certificates 155868 66 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 177026 81 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 18783 93 23 Branch office expenses including salaries of managers and clerks 13397 39 24 Medical examiners fees 2446532 inspection of risks 186889 total 26334 81 25 Salaries and all other compensation of officers directors trustees and home office employees 32940 08 26 Kent including 234000 for companys occupancy of its own buildings 6868 83 27 Advertising 625987 printing and stationery 1275800 postage telegraph telephone and express 143421 exchange 293074 office expenses 469005 total 28072 95 28 Legal expense not included in item 15 9164 79 29 Furniture fixtures and safes 2439 88 30 Repairs and expenses other than taxes on real estate 7351 05 31 Taxes on real estate 5010 48 32 State taxes on premiums 409 90 33 Insurance department licenses and fees 2492 68 34 All other licenses fees and taxes Cost of reinsuring Rome Insurance Co and National Assurance Co 425679 04 38 Other disbursements Bills payable paid 4051521 exam and acturial fees 562333 fire insurance 26045 total 46398 99 45 Agents balances charged off 12743 60 48 Total disbursements 1155854 28 IVLedger Assets 1 Book value of real estate 26172 15 2 Mortgage loans on real estate first liens 19275 00 4 Loans made to policyholders on this companys policies assigned as collateral 370 11 5 Premium notes on policies in force 2457 02 6 Book value of bonds 207721 00 7 Cash in companys office 937 01 8 Deppsits in trust companies and banks not on interest 43782 93 9 Deposits in trust companies and banks on interest 133510 50506 CompteolleeGeneeals Repobt 10 Bills receivable 75540 agents balances debit 13 38433 total Outstanding nets 11 Amount due from Rome Ins Co secured 12 Total ledger assets NonLedger Assets 14139 73 4724 40 3225 58 456315 43 13 Interest accrued on mortgages I 14 Interest due 43000 and accrued 4 66082 on bonds 15 Interest accrued on collateral loans 20 Eents due 434 37 5090 82 3041 76 749 00 21 Total interest and rents due and accrued New Business Eenewals 25 Gross premiums due and unreported on policies in force Dec 31 1912 134 47 680 54 26 Gross deferred premiums on policies in force Dec 31 1912 427 36 882 28 27 Totals 28 Deduct loading 561 83 337 09 29 Net amount of uncollected and deferred premiums 224 74 30 All other assets Industrial premiums due 31 Furniture and fixtures 35 Gross assets 1562 82 156 28 9315 93 1406 54 1631 28 5221 68 8564 38 481048 72 Deduct Assets Not Admitted 37 Furniture fixtures and safes 38 Agents debit balances gross 39 Cash advanced to or in the hands of offi cers or agents Bills receivable Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies Overdue and accnied interest on bonds in default Athens bank failed 40 41 42 8564 38 3384 33 853 04 755 40 2457 02 379 35 43 46 11 15 17 20 21 22 24 25 26 27 ComptrollerGenerals Eeport Book value of ledger assets over market value Bonds 6216 20 Total Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 on the following tables of mor tality and rates of interest viz American Experience table at 3 per cent on Cherokee Ordinary Business and all intermediate and industrial business 58760 45 American Experience table at 4 per cent on Borne Ins Ordinary Business 864 03 Total 59625 08 Deduct net value of risks of this company reinsured in other solvent companies 371 70 Total Reserve to provide for health and accident benefits con tained in life policies Net reserve i Claims for death losses due and unpaid 5285 00 Claims for death losses and other policy claims resisted by the company 2855 45 Total policy claimsS Premiums paid in advance including surrender values so applied Unearned interest and rent paid in advance premiums due on reinsurance Commissions due to agents on premium notes when paid cash bonds agent Cost of collection on uncollected and deferred prem iums in excess of the loading thereon industrial busi ness Salaries rents office expenses bills and accounts due or accrued Medical examiners fees 284666 and legal fees 51163 due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 507 32609 72 448439 00 59253 38 557 28 59810 66 8140 45 6196 34 243 95 302 35 5221 68 5441 78 3358 29 3000 00508 ComptrollerGenerals Eepoet 28 Advances by officers or others on account of expenses of organization or otherwise agents credit balance 2155 47 29 Borrowed money interest thereon 137 00 30 Unpaid interest in certificate holders 48668 02 43 Total liabilities 142675 99 45 Unassigned funds surplus 30o763 01 46 Total 448439 00 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 20296 3379101 00 21 Policies in force December 3147803 8612327 00 CITIZENS NATIONAL LIFE INSURANCE COMPANY OF ANCHORAGE KENTUCKY Charles D Pearce President J W Peake Secretary ICapital Stock 1 Amount of capital paid up in cash 485145 00 2 Amount of ledger assets as per balance December 31 of previous year 2286570 62 4 Extended at 2286570 62 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 213230 for first years reinsurance 6 Surrender values applied to pay first years premiums 7 Total first years premiums on original policies 8 Dividends applied to purchase paidup additions and annuities 12 Total new premiums 96388 45 96342 25 35 27 96377 52 10 93 ComptrollerGenerals Report 509 13 Renewal premiums without deduction for commissions or other expenses less 1054185 for reinsurance on renewals 14 Dividends applied to pay renewal prem iums 16 Surrender values applied to pay renewal premiums 433584 88 45866 44 114 85 18 19 20 23 24 25 26 27 28 32 33 34 40 41 Total renewal premiums Total premium income Consideration for supplementary contracts not involving life contingencies Gross interest on mortgage loans Gross interest on collateral loans Gross interest on bonds and dividends on stocks Gross interest on premium notes policy loans or liens Gross interest on deposits in trust companies and banks Gross interest on other debts due the company Stock Notes 1st year premium notes etc Gross rent from companys property Total gross interest and rents From other sources Inspection fees on mortgage loans 376986 interest on policy conversions 63413 premiums tendered with applications 37254 items awaiting advices 38373 profit and loss stock sub scriptions reed 88386 total From agents balances previously charged off Gross profit on sale or maturity of ledger assets viz Real estate 479566 17 575954 62 6900 00 47143 70 6717 85 4670 84 31832 63 4356 64 3336 01 7670 00 105727 67 6044 12 215 71 55000 00 43 Total income 749842 12 IIIDisbursements 1 For death claims less 500000 reinsur ance 324666 50 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay new premiums 3527 to pay renewal premiums 11485 total 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 124666 50 145 15 25421 32 45755 46 150 12 821 53 45866 44510 ComptrollerGenerals Keport 12 Dividends applied to purchase paidup additions and an nuities 10 93 14 Total paid policyholders 242837 45 15 Expense of investigation and settlement of policy claims 2677 79 16 Paid for claims on supplementary contracts not involving life contingencies 531 2o 18 Paid stockholders for interest or dividends 364 33 19 Commissions to agents less commission on reinsurance First years premiums 4961315 renewal premiums 870251 total 58315 66 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 45092 51 24 Medical examiners fees 1568850 inspection of risks 438415 total 20072 65 25 Salaries and all other compensation of officers directors trustees and home office employees 89166 60 26 Rent including 767000 for companys occupancy of its own buildings 9391 72 27 Advertising 392775 printing and stationery 4 39850 postage telegraph telephone and express 531046 exchange 59795 14034 66 28 Legal expense 6982 63 29 Furniture fixtures and safes 3650 42 30 Repairs and expenses other than taxes on real estate 645 64 31 Taxes on real estate etc 20020 07 32 State taxes on premiums 3457 16 33 Insurance department licenses and fees 3327 64 37 Home office traveling expenses 5627 49 38 Other disbursements Service contract commissions 34 50343 paid intermediate agents 1460300 misc home omce expense 310088 policy conversion expense 31695 commissions on sale of Cos stock prior to 123110 49623 partial payments on stock 82 46112 total 135481 61 45 Agents balances charged off 1273 57 46 Gross loss on sale or maturity of ledger assets viz Bonds 115 00 48 Total disbursements 663071 85 IVLedger Assets 1 Book value of real estate 194895 71 2 Mortgage loans on real estate first liens 765903 75 3 Loans secured by pledge of bonds stocks or other col lateral 135350 00ComptrollerGenerals Eeport 511 4 Loans made to policyholders on this companys policies assigned as collateral 409959 16 5 Premium notes on policies in force 213735 66 6 Book value of bonds 12523500 and stocks 9917500 224410 00 7 Cash in companys office 125 00 8 Deposits in trust companies and banks not on interest 39488 67 9 Deposits in trust companies and banks on interest 325050 66 10 Bills receivable 5787 agents balances debit 66 60907 credit 224466 net 6436441 64422 28 12 Total ledger assets 2373340 89 NonLedger Assets 13 Interest due 828881 and accrued 10 67990 on mortgages 18968 71 14 Interest accrued 120667 on bonds 120667 15 Interest due 259120 and accrued 2 43362 on collateral loans 5024 82 16 Interest accrued on premium notes policy loans or liens 852 07 17 Interest accrued on other assets Deposits 448 39 20 Bents accrued on companys property 114 45 21 Total interest and rents due and accrued 22 Market value of real estate over book value 25 Gross premiums due and accrued on policies in force December 31 1912 26 Gross deferred premiums on policies in force Dec 31 1912 57191 52 16800 93 27 Totals 28 Deduct loading 29 Net amount of uncollected and deferred premiums 30 All other assets Nonledger policy liens 32 Furniture fixtures and supplies 33 Offset under death claims awaiting settle ment 34 Postage on hand 35 Gross assets 2494373 95 73992 45 23199 76 I 50792 60 3225 41 15711 03 4581 08 81 28 26615 11 20026 46 Deduct Assets Not Admitted 36 Companys stock owned 37 Supplies stationery printed matter 4 73593 75512 ComptrolleBGenebals Report 72633 furniture fixtures and safes 1098470 total 1571103 38 Agents balances unsecured 62951 11 40 Bills receivable 57 87 41 Premium notes and loans on policies and net premiums in excess of the net value of their policies 2754 97 42 Overdue and accrued interest on loans in default 1785 00 43 Book value of ledger assets over market value viz Bonds 327750 deposits 1454556 loans 400000 total 21823 06 178676 79 46 Admitted assets 2315697 16 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on participating insurance issues of 1904 to 10 full continuous reserve basis 2911800 first year preliminary term basis 145372600 1482844 00 3 American Experience table at 3 per cent on nonparticipating business issues of 1908 to 12 full continuous reserve basis 631600 modified prel term basis res 2701100 first year prel term basis 7478400 108111 00 4 Other tables and rates viz Beserve for premium wavier in case of permanent disability under regular life and endow ment policies issues of 1910 to 12 see item 13 page 7 1092 00 Total 1592047 00 6 Deduct net value of risks of this company reinsured in other solvent companies 18291 00 8 Net reserve 1573756 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 14100 00ComptrollerGenerals Beport 513 12 Claims for death losses in process of ad justment or adjusted and not due 16000 00 15 Claims for death losses and other policy claims resisted by the company 1500 00 17 Total policy claims 17500 00 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 1485 04 20 Premiums paid in advance including surrender values so applied 146 79 21 Unearned interest and rent paid in advance 12831 86 25 Salaries rents office expenses bills and accounts due or accrued 1152 75 26 Medical axaminers fees 119000 and legal fees 31430 total 1504 30 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 6259 43 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 2846 44 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise service cont corns 30791 56 39 All other liabilities Unpaid reinsurance premiums 1 45301 items awaiting advices 95158 total 2404 59 43 Total 44 Capital stock 45 Unassigned funds surplus 1664778 76 485145 00 165773 40 46 Total 2315697 16 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 909 2918050 00 18 Policies on the lives of citizens of said State issued during the year 474 19 Total 1383 20 Deduct ceased to be in force during the year 429 21 Policies in force December 31 954 23 Losses and claims incurred during year 6 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 4374250 00 1464700 00 2909550 00 11000 00 61313 58514 ComptrollerGenerals Keport THE COLUMBIA LIFE INSURANCE COMPANY OF OHIO Felix G Cross President Semner M Cross Secretary B F Reins Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 181439 48 2 Amount of ledger assets as per balance December 31 of previous year 700853 44 4 Extended at 700853 44 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 212187 for first years reinsurance 7 Total first years premiums on original policies 8 Dividends applied to purchase paidup additions and annuities 9 Surrender values applied to purchase paid up insurance and annuities 10 Consideration for original annuities in volving life contingencies 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 5 67763 for reinsurance on renewals 14 Dividends applied to pay renewal prem iums 16 Surrender values applied to pay renewal premiums 18 Total renewal premiums 45573 03 45573 03 14 34 94 17 100 00 122955 7S 6416 28 28 50 45781 54 129400 56 19 Total premium income 175182 10 21 Dividends left with the company to accumulate at interest 89413 23 Gross interest on mortgage loans 22611 51 24 Gross interest on collateral loans 1 986 28 25 Gross interest on bonds and dividends on stocks 4654 47 26 Gross interest on premium notes policy loans or liens 5610 58ComptrollerGeneral s Beport 27 Gross interest on deposits in trust companies and banks 28 Gross interest on other debts due the company Inst on agents notes 210 inst on overdue mortgage inst 25133 total 32 Gross rent from companys property 33 Total gross interest and rents 34 From other sources Health and accident department income 43 Total income 515 1160 36 253 43 140 00 36416 63 43426 82 255919 68 IIIDisbursements 1 For death claims less 1300000 reinsur ance 52198 36 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay renewal premiums 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and an nuities 13 Dividends left with the company to accumulate at interest 14 Total paid policyholders 15 Expense of investigation and settlement of policy claims 16 Paid for claims on supplementary contracts not involving life contingencies 17 Dividends and interest thereon held on deposit surren dered during the year 19 Commissions to agents less commission on reinsurance First years premiums 2407952 renewal premiums 594189 total 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks 24 Medical examiners fees 387605 inspection of risks 52198 36 85 56 5415 36 28 50 94 17 45 96 6416 28 14 34 894 13 65192 66 218 55 550 00 543 33 30021 44 3243 17 2583 54 2007 97 516 ComptrollerGenerals Report 848 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rents 27 Advertising 151998 printing and stationery 3 17434 postage telegraph telephone and express 1 50023 exchange 282 total 28 Legal expense not included in item 15 29 Furniture fixtures and safes 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Federal corporation tax 20537 chattel tax 10481 total 38 Other disbursements Health and accident department 37686 28 discount on premiums in advance 4486 General expense 75598 investment expense 19318 traveling expense 312490 applications with prem iums 60947 return premium liability 3300 total 45 Agents balances charged off 46 Gross loss on sale or maturity of ledger assets viz Bonds 4264 53 27328 84 1500 00 6197 37 2560 50 661 40 253 45 379 68 310 18 42447 67 2356 96 1871 07 48 Total disbursements 194492 28 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Bills receivable 158643 agents balances debit 16 86657 credit 231 net 1686426 11 Fire prem on invest loans 11700 com prem loans 4095694 furniture and fixtures 150000 total 15002 76 493507 27 30355 70 70223 59 65442 60 571 34 2394 49 23578 46 18450 69 42573 94 12 Total ledger assets 762280 84 NonLedger Assets 13 Interest due 341571 and accrued 7 57616 on mortgages 14 Interest accrued on bonds 10971 87 343 33ComptrollerGenerals Eepobt 607 11 136 38 15 Interest accrued on collateral loans 16 Interest accrued on premium notes policy loans or liens 17 Interest accrued on other assets Bank deposits 2142 commuted premium loans 1025149 total 10272 91 21 Total interest and rents due and accrued g 22 Market value of real estate over book value 23 Market value of bonds and stocks over book value 25 Gross premiums due and unreported on policies in force December 31 1912 39044 15 26 Gross deferred premiums on policies in 12131 15 force Dec 31 1912 27 Total 28 Deduct loading 51175 30 15859 75 29 Net amount of uncollected and deferred premiums 35 Gross assets Deduct Assets Not Admitted 37 Furniture fixtures and safes 38 Agents debit balances gross 40 Loans on personal security bills receiv able 1500 00 16866 57 1586 43 46 Admitted assets 517 22331 60 9997 24 66 30 35315 55 829991 53 810038 53 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Ohio Ins Dept on the following tables of mor tality and rates of interest viz 1 Actuaries table at 4 per cent on Inter State Assurance business issued during 1900 and 1901 2 American Experience table at 3V2 per cent on Inter State Insurance Co busi ness issued from Nov 1 1901 to August 13 1904 3 American Experience table at 3 per cent on Columbia business issued from 1903 to date 105221 00 111045 00 359683 00518 ComptrollerGenerals Eepoet Monthly premium business Same for reversionary additions 5 Net present value of annuities including those in reduction of premiums Am erican Experience tables at 3J1 per cent Total 6 Deduct net value of risks of this company reinsured in other solvent companies 7 Reserve to provide for health and accident benefits contained in life policies 3038 00 14 00 580 00 584581 00 7472 00 369 50 T 577478 50 8 Net reserve 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Ohio Ins Dept 6386 78 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de 3 1153 00 manded 13 Claims for death losses incurred for which no proofs have been received 2550 00 15 Claims for death losses and other policy claims resisted by the company 2000 00 16 Due and unpaid on annuity claims involv ing life contingencies V00 00 i 9100 00 17 Total policy claims p 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 441 61 20 Premiums paid in advance including surrender values so 1069 62 applied 21 Unearned interest and rent paid in advance h 23 Commissions to agents due or accrued 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 25 Salaries rents office expenses bills and accounts due or 306 50 accrued 26 Medical examiners fees 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de 1054 80 ferred premiums 35 Eeserve special or surplus funds not included above Health and accident department unearned premiums 55947 dividends unpaid 7352 agents depositsComptrollerGenerals Eepoht 519 3721 advance prem payments 110859 claims pend ing est 227096 total 4050 45 39 All other liabilities Premiums with applications policies not issued 1300 coupons to policyholders cr 7206 85 06 43 Total 603396 15 44 Capital stock 181439 48 45 Unassigned funds surplus 25202 90 46 Total 810038 53 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force December 31 of previous year 4 8500 00 18 Policies on the lives of citizens of said State issued during the year 19 47000 00 19 Total 23 55500 00 20 Deduct ceased to be in force during the year 3 4000 00 21 Policies in force December 31 20 51500 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 647 25 THE COLUMBIAN NATIONAL LIFE INSURANCE CO BOSTON MASS Arthur E Childs President Win H Brown Secretary 77 Franklin St Boston Mass Alfred C Newell 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 7374984 65 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 1130810 for first years reinsurance 317577 35520 ComptrollerGenerals Eeport 6 Surrender values applied to pay first years premiums 828 66 7 Total first years premiums on original policies 318406 01 8 Dividends applied to purchase paidup additions and annuities 42 9 Surrender values applied to purchase paid up insurance and annuities 24154 40 10 Consideration for original annuities in volving life contingencies 634 71 12 Total new premiums 343431 86 13 Renewal premiums without deduction for commissions or other expenses less 1367783 for reinsurance on renewals 1484292 44 14 Dividends applied to pay renewal prem iums 3704948 16 Surrender values applied to pay renewal premiums 3184 51 17 Renewal premiums for deferred annuities 726 70 18 Total renewal premiums 1525253 19 Total premium income yt 1868691 0o 20 Consideration for supplementary contracts not involving life contingencies 5091 17 1 Dividends left with the company to accumulate at interest 2070 15 22 Ledger assets other than premiums received from other companies for assuming their risks 1103 17 23 Gross interest on mortgage loans less 11640 accrued interest on mortgages acquired during 1912 96217 38 25 Gross interest on bonds and dividends on stocks less 562365 accrued interest on bonds acquired during 1912 181736 99 26 Gross interest on premium notes policy loans or liens 57277 04 27 Gross interest on deposits in trust com panies and banks 6458 06 29 Gross interest on overdue premiums 272 10 30 Gross interest on real estate during con struction 1587183 32 Gross rent from companys property 185 00 33 Total gross interest and rents 358019 00 34 From other sources Interest OBrien mortgage acct 75 46ComptbollebGeneeal s Eepoet 36 Accident and health department per statement 41 Gross profit on sale or maturity of ledger assets viz Bonds 42 Gross increase by adjustment in book value of ledger assets viz Bonds 43 Total income IIIDisbursements 1 For death claims 444 942 52 2 For matured endowments 15300 00 521 232465 06 6997 61 252 69 2474765 36 1 1 id 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse less 314282 restorations 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay new premiums 82866 to pay renewal premiums 318457 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and an nuities 13 Dividends left with the company to accumulate at interest 14 Total paid policyholders t 15 Expense of investigation and settlement of policy claims including 171115 for legal expenses 16 Paid for claims on supplementary contracts not involving life contingencies 18 Paid stockholders for interest or dividends 19 Commissions to agents less commission on reinsurance First years premiums 12791646 renewal premiums 5443527 annuities original 4353 20 Commuted renewal commissions 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks 24 Medical examiners fees 3031250 inspection of risks 685497 total 25 Salaries and all other compensation of officers directors trustees and home office employees 460242 52 954 56 28250 23 203046 95 4013 23 24154 40 5657 27 37049 48 242 74 2070 15 765681 53 2874 88 1000 00 70000 00 182395 26 450 00 15015 63 137477 24 37167 47 119133 94522 CompteollebGenebals Kepobt 26 Kent 27 Advertising 626421 printing and stationery 15 30340 postage telegraph telephone and express 13 89639 exchange 55874 28 Legal expense not included in item 15 29 Furniture fixtures and safes 30 Repairs and expenses other than taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Federal corporation tax 162609 state and city licenses and fees 1 36917 personal property tax 4998 total 38 Other disbursements American Investment Securities Co 61 5000 home office expense 843032 Home office traveling 639030 discount on premiums paid in advance 18401 Com and expense acct Colo Nat Consold Co 260791 accident and health dept per statement 23761427 total 45 Agents balances charged off 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 48 Total disbursements IVLedger Assets I Book value of real estate 2 Mortgage loans on real estate 4 Loans made to policyholders on this companys policies assigned as collateral Premium notes on policies in force of which 1618110 is for first years premiums Book value of bonds 408428164 and stocks 90 98442 total 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest Agents balances debit 7973632 credit 187395 Jjt II Contingent fund subject to draft by cashiers 208119 suspense 852334 Accident and health dept premiums in course of col 5 i 10 11 lection 12 Total ledger assets NonLedger Assets 13 Interest due 493188 and accrued 25 40985 on mortgages 35940 55 36022 74 2400 02 3477 20 347 93 20775 33 6277 63 3045 24 316476 81 4537 53 8124 41 1768621 34 637497 74 1759894 53 1014570 68 122835 49 4175266 06 3739 88 1329 26 242555 1 77862 37 10604 53 34972 69 8081128 67 30341 73ComptrollerGenerals Keport 523 14 Interest accrued on bonds 16 Interest due 564676 and accrued 4 16211 on premium notes policy loans or liens 17 Interest due 105372 and accrued 12576 on other assets 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force Dec 31 1912 26 Gross deferred premiums on policies in force Dec 31 1912 27 Total 28 Deduct loading 33033 55 9808 87 1179 48 213890 10 89642 80 303532 90 48423 07 74363 6a 29 Net amount of uneolleeted and deferred premiums 35 Gross assets Deduct Assets Not Admitted 255109 83 8410602 13 38 Agents debit balances gross j 39 Cash advanced to or in the hands of offi cers or agents contingent funds 40 Loans on personal security endorsed or not suspense 41 premium notes and loans on policies and net premiums in excess of the net value of their policies 43 Book value of ledger assets over market value viz Real estate 44 Bonds and stocks 45 Accident and health premium in course of collection written prior to Oct 1 1912 79736 32 2081 19 8523 34 25878 46 236 91 139299 06 2772 33 258527 61 46 Admitted assets 8152074 52 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Mass Ins Dept on the following tables of mortal ity and rates of interest viz 2 American Experience table at Z per cent 6499848 00 Same for reversionary additions 4363 00524 ComptrollerGenerals Beport 5 Net present value of annuities including those in reduction of premiums Am erican Experience 3 per cent 21137 00 Total 6525348 00 6 Deduct net value of risks of this company reinsured in other solvent companies 10825 00 8 Net reserve 6514523 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the actuary 16057 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded W06 85 12 Claims for death losses in process of ad justment or adjusted and not due 16197 00 13 Claims for death losses incurred for which no proofs have been received 28095 82 15 Claims for death losses and other policy claims resisted by the company 5000 00 i 17 Total policy claims O 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 2749 58 20 Premiums paid in advance including surrender values so S 7879 63 applied 21 Unearned interest and rent paid in advance 18422 08 23 Commissions to agents due or accrued 129 43 25 Salaries rents office expenses bills and accounts due or 1 14150 60 accrued 6 Medical examiners fees 383600 and legal fees 91795 due or accrued 4753 9a 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19642 01 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de 3 33 36 ferred premiums iS Reserved for death claims incurred in 1912 not reported until 1913 H40460 39 All other liabilities Balance from sale at foreclosure OBrien Mge 407487 accident and health Dept per statement 14515693 total 149231 80 44 Capital stock 1000000 00 45 Unassigned funds surplus 33899 81 46 Total 8152074 52ComptrollerGenerals Report 525 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force December 31 of previous year 1829947 00 18 Policies on the lives of citizens of said State issued during the year 1094512 00 19 Total 2924459 00 20 Deduct ceased to be in force during the year 497333 00 21 Policies in force December 31 2427126 00 22 Losses and claims unpaid Dec 31 of previous year 5000 00 23 Losses and claims incurred during year 15000 00 24 Total 20000 00 25 Losses and claims settled during the year in cash 5000 00 26 Losses and claims unpaid Dec 31 15000 00 27 Premiums collected or secured in cash and notes r credits without any deduction for losses dividends commissions or other expenses 64248 66 COMMERCIAL LIFE INSURANCE AND CASUALTY COMPANY OF SAVANNAH GEORGIA Win W Williamson President ICapital Stock Robert Arrin Secretary 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 268845 02 4 Extended at 268845 02 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 546909 for first years reinsurance 60926 20 12 Total new premiums 60926 20526 ComptrollerGenerals Report 13 Renewal premiums without deduction for commission or other expenses less 141 for reinsurance on renewals 26792 52 18 Total renewal premiums 19 Total premium income 23 Gross interest on mortgage loans 3794 78 25 Gross interest on bonds and dividends on stocks 9334 31 26 Gross interest on premium notes policy loans or liens 137 48 27 Gross interest on deposits in trust com panies and banks 1467 83 29 Miscellaneous interest 76 36 33 Total gross interest and rents 34 From other sources Borrowed money 40 From agents balances previously charged off 26792 52 87718 72 14810 76 25000 00 26 44 43 Total income 127562 67 IIIDisbursements 1 For death claims 3000 00 3 Net amount paid for losses and matured endowments 3000 00 5 Premium notes and liens voided by lapse 365 09 14 Total paid policyholders 15 Expense of investigation and settlement of policy claims 19 Commissions to agents less commission on reinsurance First years premiums 4420030 renewal premiums 123325 total 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home supervision 23 Branch office expenses including salaries of managers and clerks not included in item 21 24 Medical examiners fees 735350 inspection of risks 158756 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent 27 Advertising 91392 printing and stationery 269371 postage 70218 telegraph 45962 telephone and express 14579 exchange 5039 3365 09 42 50 45433 55 971 13 8425 90 1011 20 8941 06 13876 61 1727 00 4965 01ComptrollerGenerals Keport 527 28 Legal expense 29 Furniture fixtures and safes 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Municipal License fees 71525 municipal tax on premiums 2781 38 Books and subscriptions to journals 15434 Col of renewal premiums other than corns 144189 trav exp agents officers and employees 43805 interest on borrowed money 57430 miscellaneous expense 27118 premiums on surety bonds 13905 total 45 Agents balances charged off 46 Gross loss on sale or maturity of ledger assets viz Bonds 48 Total disbursements IVLedger Assets 2 Mortgage loans 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Agents balances debit 962056 credit 5649 net 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force Dec 31 1912 26 Gross deferred premiums on policies in force Dec 31 1912 5370 22 2539 89 27 Total 28 Deduct loading 7910 11 1616 07 1065 00 443 75 304 92 987 60 743 06 3018 81 1941 88 887 55 98152 22 80250 00 591 38 2819 81 134 588 90 1844 26 17410 12 51186 93 9564 07 12 Total ledger assets 298255 47 NonLedger Assets 13 Interest accrued on mortgages 2032 73 14 Interest accrued on bonds 12 50 18 Interest accrued on certificates of deposit various banks 600 87 2646 10 29 Net amount of uncollected and deferred premiums 30 All other asseTs Furniture and fixtures 6294 04 1863 99 oc Gross assets 309059 60 528 ComptrollekGenekals Repobt Deduct Assets Not Admitted 37 Furniture fixtures and safes 1863 99 38 Agents debit balances gross 9620 56 41 Premium notes and loans on policies and net premiums in excess of the net value of their policies 670 91 12155 46 46 Admitted assets 296904 14 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on Modified preliminary terra 45346 00 6 Deduct net value of risks of this company reinsured in other solvent companies 2097 00 8 Net reserve 43249 00 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 6 75 20 Premiums paid in advance including surrender values so applied 247 39 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 34 51 25 Salaries rents office expenses bills and accounts due or accrued 2023 90 26 Medical examiners fees 48200 and legal fees 8333 due or accrued 565 33 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 167 01 29 Borrowed money 2500000 and interest thereon 24062 25240 62 43 Total 71534 51 44 Capital stock 200000 00 45 Unassigned funds surplus 25369 63 46 Total 296904 14ComptbolleeGeneeals Eepoet 529 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 560 1004000 00 18 Policies on the lives of citizens of said State issued during the year 577 924355 00 19 Total 1137 1928355 00 20 Deduct ceased to be in force during the year 210 350 000 00 21 Policies in force December 31 927 1578355 00 23 Losses and claims incurred during the year 3 3 000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 48 666 90 THE CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HAETFORD CONNECTICUT John M Taylor President William H Deming Secretary Home Office No 31 Pearl Street Hartford Connecticut ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 67525444 67 4 Extended at 67525444 67 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 763160 42 6 Surrender values applied to pay first years premiums 346 05 7 Total first years premiums on original policies 763506 47 8 Dividends applied to purchase paidup additions and annuities 51 70 84 9 Surrender values applied to purchase paid up insurance and annuities 30330 27530 CompteolleeGenekals Eepokt 10 Consideration for original annuities in volving life contingencies 26688 68 11 Consideration for supplementary contracts involving life contingencies 2707 23 12 Total new premiums 828403 49 13 Renewal premiums without deduction for commissions or other expenses 5000475 83 14 Dividends applied to pay renewal prem iums 896628 70 16 Surrender values applied to pay renewal premiums 1102 71 18 Total renewal premiums 5898207 24 19 Total premium income 6726610 73 20 Consideration for supplementary contracts not involving life contingencies 6084 70 21 Dividends left with the company to accumulate at interest 373554 85 23 Gross interest on mortgage loans 1582859 22 25 Gross interest on bonds and dividends on stocks less 127861 accrued interest on bonds acquired during 1912 1079189 52 26 Gross interest on premium notes policy loans or liens 306957 71 27 Gross interest on deposits in trust com panies and banks 38703 95 28 Gross interest on other debts due the com pany On land contracts 4273938 on delay prem paymts 370990 total 46449 2S 30 Bills rec 4932 dep cash payments in real estate sales 6573 total 115 05 31 Gross discount on claims paid in advance 261 85 33 Total gross interest and rents 3260771 L5 eluding 3500000 for companys occu pany of its own buildings 206234 57 33 Total pross interest and rents 3260771 15 34 From other sources unapplied payments on land con tracts suspense acct 2135 00 41 Gross profit on sale or maturity of ledger assets viz Real estate 14314195 bonds 17461 143316 56 42 Gross increase by adjustment in book value of ledger assets viz Bonds 723 43 Total income 10538928 58CompteolleeGenebals Eepob 531 IIIDisbursements 1 For death claims 4459122 63 2 For matured endowments 401501 04 3 Net amount paid for losses and matured endowments 4860623 67 4 For annuities involving life contingencies 20930 38 5 Premium notes and liens voided by lapse less 700 restorations 181 00 6 Surrender values paid in cash or applied in liquidation of loans or notes 1200563 62 7 Surrender values applied to pay new premiums 34605 to pay renewal premiums 110271 1448 76 8 Surrender values applied to purchase paidup insurance and annuities 30330 27 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 318301 36 10 Dividends applied to pay renewal premiums 896628 70 12 Dividends applied to purchase paidup additions and an nuities 5170 84 13 Dividends left with the company to accumulate at interest 247788 11 14 Total paid policyholders 7581966 41 15 Expense of investigation and settlement of policy claims including 100012 for legal expenses 1000 12 16 Paid for claims on supplementary contracts not involving life contingencies 9818 71 17 Dividends and interest thereon held on deposit surren dered during the year 255287 82 19 Commissions to agents less commission on reinsurance First years premiums 28326035 renewal premiums 33293013 annuities original 53034total 616720 82 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 18976 85 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 12702 49 23 Branch office expenses including salaries of managers and clerks not included in item 21 54891 80 24 Medical examiners fees 4926000 inspection of risks 987032 total 59130 32 25 Salaries and all other compensation of officers directors trustees and home office employees 244451 73 26 Rents including 3500000 for companys occupancy of its own buildings less 1500 received under sublease 61726 68 27 Advertising 286975 printing and stationery 32 04334 postage telegraph telephone and express 2948323 exchange 98775 total 65384 07532 ComptrollerGenerals Keport 28 Legal expense not included in item 15 5394 46 29 Furniture fixtures and safes 6229 22 30 Repairs and expenses other than taxes on real este 107748 90 31 Taxes on real estate 74917 24 32 State taxes on premiums 70892 80 33 Insurance department licenses and fees 5689 11 34 All other licenses fees and taxes Federal corporation tax 2079823 state city and municipal 262774 reserve 1282515 franchise loans 13645484 17705 96 38 Other disbursements Suspense acct of Dec 31 1911 2424705 traveling expenses 1742138 recording fees 28819 safe rent 1000 lock repairing 14771 fire insurance on office furniture 27725 clerk hire of fajm loan inspector 89000 total 43281 5S 46 Gross loss on sale or maturity of ledger assets viz Beal estate 15367545 bonds 385527 total 157530 72 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 16928 81 48 Total disbursements 9643376 62 IVLedger Assets 1 Book value of real estate 3548445 55 2 Mortgage loans on real estate first liens 31866720 75 4 Loans made to policyholders on this companys policies assigned as collateral 5895034 04 5 Premium notes on policies in force 287361 6 Book value of bonds 2466484900 and stocks 842 45925 total 25507308 25 9 Deposits in trust companies and banks on interest 5713o8 72 10 Bills receivable 72500 agents balances debit 2 29068 credit 169446 net 59622 1321 22 11 Beal estate sold under land contract bal purchase price Sup sched SO3440 7S 12 Total ledger assets 6S420996 63 NonLedger Assets 13 Interest due 2011777 and accrued 89160258 on mortgages 911720 35 14 Interest due 150300 and accrued 253 999 96 on bonds 255502 96 16 Interest due 14368550 and accrued 1101586 on premium notes and due 1046680 and accrued on policy loans or liens 15168 16ComptrollerGenerals Eeport 533 18 Interest due 355804 and accrued 11 98342 on land contracts 15541 40 20 Rents due 145271 and accrued 5 51423 on companys property or lease 0966 94 21 Total interest and rents due and accrued 1354899 87 25 Gross premiums due and unreported on policies in force December 31 1912 181355 07 26 Gross deferred premiums on policies in force Dec 31 1912 579098 47 27 Totals 760453 54 28 Deduct loading 152090 71 29 Net amount of uncollected and deferred premiums 608362 83 35 Gross assets 70384259 33 Deduct Assets Not Admitted 38 Agents debit balances gross 2290 68 40 Bills receivable 725 00 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies approx imated 2280 00 42 Overdue and accrued interest on bonds in default 3006 00 43 Book value of ledger assets over market value 987479 44 45 Total net admitted assets 99578112 46 Admitted assets 69388478 21 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all policies issued prior to April 1 1882 and all policies issued in exchange therefor 18053928 00 2 American Experience table at 3 per cent on all policies 45336809 00534 ComptbolleeGeneeals Eepoet Same for reversionary additions 10778 00 5 Net present value of annuities including those in reduction of premiums Give tables and rates of interest viz Mc Clintocks tables with 3 interest 221421 00 8 Net reserve 63622936 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company at 3 59003 20 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded or as is given by the custom of the com pany 100374 23 11 Claims for death losses due and unpaid 42474 02 12 Claims for death losses in process of adjustment or adjusted and not due 101481 00 13 Claims for death losses incurred for which no proofs have been received 200991 00 14 Claimsl for matured endowments due and unpaid 8723 00 15 Claims for death losses and other policy claims resisted by the company 11000 00 16 Due and unpaid on annuity claims involv ing life contingencies 541 15 17 Total policy claims 365210 17 19 Dividends left with the company to accumulate at interest and accrued interest thereon 1701169 5o 20 Premiums paid in advance including surrender values so applied 86109 21 Unearned interest and rent paid in advance 139610 92 25 Salaries rents office expenses bills and accounts due oraccrued 2300 00 26 Medical examiners fees 1220000 and legal fees 175400 due or accrued inspection of risks 97484 14928 84 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 80000 00 31 Dividends or other profits due polieyholders including those contingent on payment of outstanding and de 9 228 84 ferred premiums 35 Reserve special or surplus funds not included above Reserve for unreported death losses 75000 00 39 All other liabilities Surrender values credited with accrued interest Mu3 9241 42 45 17 19 20 21 22 23 24 25 26 27 ComptrollerGenerals Report 535 Suspense account unapplied payments on loan contracts 21355 00 Supplementary agreements i 1700 83 Total 66308342 59 Unassigned funds surplus 3080135 62 Total 66308342 59 Business in the State of Georgia During the Year Policies on the lives of citizens of said State in No Amount force December 31 of previous year 826 2020957 00 Policies on the lives of citizens of said State issued during the year 232 511835 00 Total 1058 2532792 00 No Amount Deduct ceased to be in force during the year 91 165842 00 Policies in force December 31 967 2366950 00 Losses and claims unpaid December 31 of pre vious year 2 10000 00 Losses and claims incurred during year 19 29731 00 Total 21 39731 00 No Amount Losses and claims settled during the year in cash 15 22347 00 Losses and claims unpaid December 31 6 17384 00 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 77911 18 THE COSMOPOLITAN LIFE INSURANCE COMPANY OF ATLANTA GEOEGIA James O Wynn President W L Pomeroy Secretary Home Office Third National Bank Bldg Atlanta Ga Explanatory Note This company was not in existence on December 31 1912 and this report is made as of date of April 26 1913 the day on which this applica tion for license is made and wherever herein the words and figures Dec 31 1912 appear they shall be understood and taken to mean April 26 1913536 ComptrollerGenerals Eeport ICapital Stock 1 Amount of capital paid up in cash 125918 00 4 Extended at IVLedger Assets 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 6 Book value of bonds 18123000 and stocks 20000 at par 9 Deposits in trust companies and banks on interest 10 Bills receivable Old company 13747862 new com pany 1350000 total 11 Deferred payment for stock represented by subscriptions 125918 00 137285 00 5000 00 181430 00 60552 87 150978 62 76200 00 12 Total ledger assets 611446 49 NonLedger Assets 13 Interest due 193167 and accrued 2 43190 on mortgages 14 Interest due and accrued on bonds 15 Interest due and accrued on collateral loans 18 Interest due and accrued on deposits in banks 4363 57 4371 54 397 50 399 18 21 Total interest and rents due and accrued 30 All other assets viz Furniture fixtures and stationery 9531 79 7500 00 35 Gross assets 628478 28 Deduct Assets Not Admitted 43 Book value of ledger assets over market value viz Bills receivable and unpaid stock subscriptions 227 17862 furniture fixtures and stationery 750000 total 234678 62 46 Admitted assets Liabilities Surplus and Other Funds 25 Salaries rents office expenses bills and accounts due or accrued 393799 66 1500 00ComptrollerGeneral s Report 29 Borrowed money 5943169 and interest thereon 19727 total 35 Reserve special or surplus funds not included above Balance due to Insurance Commissioner on purchase of assets of Cosmopolitan Life Insurance Company as to which he still holds part of the assets of said Cosmo politan Life Insurance Company as security 43 Total 44 Capital stock 45 Unassigned funds surplus 46 Total liabilities 393799 66 537 59628 96 107667 48 168796 44 125918 00 99085 22 EMPIRE LIFE INSURANCE COMPANY OF ATLANTA GEORGIA Wm W Reid President S H Rogers Secretary Principal Office Atlanta Georgia Wm A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 281787 50 2 Amount of ledger assets as per balance March 5 1912 1225594 85 3 Increase of capital during the year 180390 00 4 Extended at 1405984 85 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 159546 for first years reinsurance 100296 36 7 Total first years premiums on original policies 100296 36 8 Dividends applied tn purchase paid up additions and annuities 382 62 12 Total new premiums 100678 98 13 Renewal premiums without deduction for commissions or other expenses less 7 78642 for reinsurance on renewals 391880 19538 ComptrollerGenerals Report 14 Dividends applied to pay renewal prem iums 55799 24 16 Surrender values applied to pay renewal premiums 404 95 18 Total renewal premiums 19 Total premium income S 21 Dividends left with the company to accumulate at interest 23 Gross accrued interest on mortgages ac quired during 1912 70 13 24 Gross interest on collateral loans S76 90 25 Gross accrued interest on bonds acquired during 1912 16300 00 26 Gross interest on premium notes policy loans or liens 19168 90 27 Gross interest on deposits in trust com panies and banks 283 52 28 Gross interest on other debts due the com pany viz Bills receivable 1841 65 33 Total gross interest and rents 34 From other sources viz Premium on stock sold 229 18375 profit and loss items recovered 72573 total 43 Total income IIIDisbursements 1 For death claims less 178000 reinsur ance 64965 52 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender value applied to pay new premiums 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 13 Dividends left with the company to accuniulato at interest Sick and accident claims 14 Total paid policyholders 448084 3S 548763 36 843 25 38541 10 229909 48 S18057 19 64965 52 21175 00 42473 60 26903 49 404 95 462 27 55799 24 382 62 843 25 2149 39 216566 43ComptrollerGenerals Report 539 15 Expense of investigation and settlement of policy claims including 29500 for legal expense 19 Commissions to agents less commission on reinsurance First years premiums 7637708 renewal premiums 2717142 total 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks 24 Medical examiners fees 952451 inspection of risks 160358 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including 367752 for companys occupancy of its own buildings 27 Advertising 328088 printing and stationery 4 52792 postage telegraph telephone and express 74387 exchange 23212 total 28 Legal expense 31 Taxes on real estate and other assets 32 State taxes on premiums and city 33 Insurance department licenses and fees 34 All other licenses fees and taxes viz Federal cor poration tax 176670 interest 216355 claims against Empire Life Insurance Co 6467375 salary and expenses on stock sales 1088686 traveling ex pense 50049 examination by insurance department 136445 acturial expense 60350 miscellaneous ex pense 142114 income certificates of Empire Life Insurance Co redeemed 7352875 commissions stock sales 706668 total 48 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to polieyholders on this companys policies assigned as collateral Liens 5 Premium notes on policies in force 6 Book value of bonds 10596750 and stocks 399 29333 total 564 33 103548 50 2750 00 1231 83 4834 50 11128 09 29092 73 3677 52 8784 79 500 00 1485 48 1493 51 503 00 160045 62 549129 48 809 70 18456 55 14945 63 274647 93 227460 09 39620 26 505260 83540 ComptrollekGenerals Report Cash in companys office 7717 57 Deposits in trust companies and banks not on interest 36949 24 Deposits in trust companies and banks on interest 397088 52 10 11 12 13 14 15 16 17 21 23 25 26 27 28 29 Total cash items 441755 33 Bills receivable 13684361 agents balances debit 2021481 credit 274809 net 1746672 total 154310 33 Purchase money notes 1089514 furniture and fixtures 1352241 accounts receivable 1261765 total 37035 20 Total ledger assets 1714301 85 NonLedger Assets Interest due and accrued Interest due and accrued on bonds Interest due and accrued on collateral loans Interest due and accrued on premium notes policy loans or liens Interest due and accrued on other assets Interest on purchase money notes 1 57430 certificates of deposit 463831 bills receivable 564663 total 2230 26 2020 00 413 98 388 97 11859 24 Total interest and rents due and accrued Market value not including interest in item 14 of bonds and stocks over book value New Business Renewals Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premi ums 12758 58 26493 58 Gross deferred premiums on policies in force De cember 31 1912 less re insurance premiums 1299 62 10744 74 Totals 14058 20 37238 32 Deduct loading 8606 96 7447 67 Net amount of uncolleeted and deferred premiums 5451 24 29790 65 16912 45 193172 50 35241 89 35 Gross assets 1959628 69CoMPTEOLLEBGrENEEAL s REPORT Deduct Assets Not Admitted 511 37 Supplies stationery printed matter furni ture fixtures and safes 13522 41 38 Commuted commissions agents debit bal ances gross 20214 SI 39 Accounts receivable 12617 65 40 Bills receivable and interest 142490 24 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 19005 14 Total 207850 25 46 Admitted assets 1751778 44 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of De cember 1912 1052968 89 6 Deduct net value of risks of this company reinsured in other solvent companies 9042 35 8 Net reserve 1043926 54 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 71066 31 12 Claims for death losses in process of ad justment or adjusted and not due 20000 00 15 Claims for death losses and other policy claims resisted by the company 10916 00 17 Total policy claims 30916 00 19 Dividends left with the company to accumulate at inter est and accrued interest thereon 1850 35 20 Premiums paid in advance including surrender values so applied 2441 52 21 Unearned interest and rent paid in advance 9674 28 22 Commissions due to agents on premium notes when paid 1311 21 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 562 49 25 Salaries rents office expenses bills and accounts due or accrued 1275 24 26 Medical examiners fees 696 50 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 7501 38542 ComptrollerGenerals Report 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 416 35 Reserve special or surplus funds not included above 36 Survivorship bonus fund 37 Special contract dividends 18963 22 38 Sick and accident claims in process 40 Reinsurance premiums not due 3So1 96 41 Bills and accounts payable and discounted 36842 44 Total 1235153 64 Capital stock 28178750 43 Surplus Inc stock notes 369761 90 Gross surplus 651549 40 44 Stock notes not admitted 134924 60 45 Unassigned funds net surplus 516624 80 46 Total 1751778 44 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force March 5 1912 8396 16372250 00 18 Policies on the lives of citizens of said State issued during the year 1705 3049750 00 19 Total 10101 1942200000 20 Deduct ceased to be in force during the year 2372 4052250 00 21 Policies in force December 31 7729 15369750 00 22 Losses and claims unpaid March 5 1912 4 7916 00 23 Losses and claims incurred during year 49 90745 52 24 Total 9860152 25 Losses and claims settled during the year in cash 67745 52 26 Losses and claims unpaid December 31 3 8 30916 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commission or other expenses 481635 43ComptbolleeGeneeal s Keport 543 THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES CITY OF NEW YORK N Y W A Day President W Alexander Secretary Home Office 320 Broadway New York City N Y Frank W Burr Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year496510231 01 4 Extended at 496510231 01 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 17102325 for first yenr s reinsurance 5029671 74 6 Surrender values applied to pay first years premiums 7821 56 7 Total first years premiums on original policies 5037493 30 8 Dividends applied to purchase paidup additions and annuities 1152093 90 10 Consideration for original annuities involv ing life contingencies 897529 12 11 Consideration for supplementary contracts involving life contingencies 398269 18 12 Total new premiums 7485385 50 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 47701421 for reinsurance dn renewals 45237762 49 14 Dividends applied to pay renewal prem iums 2035783 53 16 Surrender values applied to pay renewal premiums 36329 20 17 Renewal premiums for deferred annuities 36018 09 18 Total renewal premiums 47345893 31 19 Total premium income 54831278 81544 ComptrollerGenerals Eeport to accumulate at 20 Consideration for supplementary contracts not involv ing life contingencies 21 Dividends left with the company interest 23 Gross interest on mortgage loans less 534349 accrued interest on mortgages acquired during 1912 4667585 28 24 Gross interest on collateral loans 122 22 25 Gross interest on bonds and dividends on stocks less 19045800 accrued interest on bonds acquired during 1912 12233923 38 26 Gross interest on premium notes policy loans or liens 3686253 21 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the Soci ety viz Agents balances 7686452 extended premiums 8010148 overdue interest on bond and mortgage loans 241778 bonus for privilege of pre payment of bond and mortgage loans 605859 surrender values refunded 697329 overdue rents 1000 total 31 Gross discount on claims paid in advance 32 Gross rent from companys property in cluding 9854126 for companys occu pancy of its own buildings 1027751 30 304386 10 1 72425 66 7519 76 240584 39 141578 10 33 Total gross interest and rents 22099966 91 35 Rent deposits 36 Deposits on account of insurance 37 Fire insurance indemnity fund 39 Profits on Unclaimed accounts 117065 tdrseount on supplies 95727 fees for assignments 32967 Tefund on taxes 1904 Russia 69515 policy claim recoveries 59716 sale of furniture 19500 rents recovered 89900 total 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Real estate 5114 bonds 3734000 stocks 223 94182 total 261332 96 42 Gross increase by adjustment in book value of ledger assets viz Bonds including 18969800 for ac crual of discount 13048 37 7750 00 484390 8029 51 189698 00 43 Total income 77803980 51ComptrollerGenerals Report 545 HIDisbursements 1 For death claims less 394500 reinsur ance 2015370215 additions 388 31575 total 20542017 90 2 For matured endowments 896108808 additions 3666739 total 8997755 47 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay new premiums 7 82156 to pay renewal premiums 3632920 total 9 Dividends paid to policyhblders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 13 Dividends left with the company to accumulate at interest 29539773 37 1271774 10 11843817 20 44150 76 9817306 85 2035783 53 1152093 90 141578 10 14 15 16 17 18 19 20 21 22 23 24 25 26 Total paid policyholders d Expense of investigation and settlement of policy Claims including 1429107 for legal expenses Paid for claims on supplementary contracts not involv ing life contingencies Dividends and interest thereon held on deposit surrender during the year Paid stockholders for interest or dividends Commissions to agents less commission on reinsurance First years premiums 225001241 renewal prem iums 268767150 annuities original 4131042 renewal 380065 total Commuted renewal commissions Compensation of managers and agents not paid by com mission for services in obtaining new insurance Agency supervision and traveling expenses of super visors except compensation for home office super vision Branch office expenses including salaries of managers and clerks not included in item 2 Medical examiners fees 28310411 inspection of risks 8799376 total Salaries and all other compensation of officers directors trustees and home office employees Rent including 6809771 for companys occupancy of its own buildings 55846277 81 14291 07 261807 54 24382 89 7000 00 4982794 98 73590 07 127692 39 335226 23 1298524 85 371097 87 1424402 21 177698 83546 ComptrollerGenerals Eeport 27 Advertising 7548504 printing and stationery 104 18327 postage telegraph telephone and express 7541260 exchange 69294 total 255773 85 28 Legal expense not included in item 15 63899 48 29 Furniture fixtures and safes 88823 3 30 Repairs and expenses other than taxes on real estate 283863 11 31 Taxes on real estate 161976 7S 32 State taxes on premiums 570208 33 Insurance department licenses and foes 26124 il 34 All other licenses fees and taxes viz On surplus and reserve 2952106 on securities 1465490 on in come 3062880 stamp taxes 400557 licenses and fees 1491815 total J3 4S 35 Federal corporation tax 208557 16 38 Other disbursements viz Traveling expenses 57 08837 conventions and meetings 4560419 premiums on fidelity bonds 415249 legislative expenses 5 63795 association of life insurance presidents 14 99559 examination and audits 2752294 safe keep ing of securities 1246108 fire insurance on furni ture 665991 investors agency and financial news reports 50786 election expenses 484429 investi gation of agents cashiers etc 48939 books sub scriptions etc 428830 water ice laboratory and other office supplies 306533 medicoactuarial in vestigation 175168 mortgage expenses 169680 premiums on employees insurance 122873 miscel laneous expenses 268929 total 194684 19 1 Q 11s 0 40 Foreign exchange 41 Interest on policy claims 10394 i 4 42 Fire insurance indemnity fund 120603 0 43 Disbursements on account of fire in addition to above 56381 59 II Losses policy claims 364069 vents 752843 total 11169 12 15 Agents balances charged off 276585 16 46 Gross loss on sale or maturity of ledger assets viz t j 3457 00 Bonds 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 59997201 bonds includ ing 35697000 for amortization of premium 653 15100 stocks 5000000 total 1303123 01 48 Total disbursements 68693258 1 1 IVLedger Assets 1 Book value of real estate 29008032 44 2 Mortgage loans on real estate first liens 98885046 91ComptrollerGenerals Report 547 3 Loans secured by pledge of bonds stocks or other col lateral 100000 00 4 Loans made to policyholders on this companys policies assigned as collateral 77890952 55 6 Book value of bonds 27356602300 and stocks 17 47153200 total 291037555 Q0 i Cash in companys offices 59 648 79 8 Deposits in trust companies and banks not on interest 993 375 g 9 Deposits in trust companies and banks on interest 6461764 56 Total cash items g go0 9gg 3 10 Bills receivable 396164 agents and other balances debit 133819454 credit 7964987 net 1258 54467 supplies 3486243 total 1297368 74 11 Cash in transit 58l709 21 12 Total ledger assets 505620953 41 NonLedger Assets 13 Interest due 15289491 and accrued 55491416 on mortgages 707809 07 14 Interest due 1175646 and accrued 3 74063835 on bonds 3 752 395 3 15 Interest accrued on collateral loans 1375 00 16 Interest due 21328582 and accrued 3955358 on policy loans total 252839 40 17 Interest due 2133687 and accrued 8 18917 on other assets deposits total 29526 04 20 Rents due 12325407 and accrued 10 21167 on companys property or lease totaI 133465 74 21 Total interest and rents due and accrued 4877 410 56 25 Gross premiums due and unreported oh policies in force December 31 1912 3502986 84 26 Gross deferred premiums on policies in force December 31 1912 less rein surance premiums 2 871 414 12 Totals 6374400 96 28 Deduct loading 2350 1497 9g4 23 29 Net amount of uncollected and deferred premiums 4876 416 73 35 Gross assets 515374780 70 548 ComptrollerGenerals Report Deduct Assets Not Admitted 37 Supplies stationery printed matter 34862 43 38 Agents and other debit balances gross 1338194 54 40 Bills receivable 3961 64 43 Book value of ledger assets over market value viz Stocks 678560 80 Total 2055579 41 46 Admitted assets 513319201 29 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of De cember 1912 as computed by the actu ary on the following tables of mortality and rates of interest viz 1 Actuaries Table at 4 on issues to 1900 160379189 Oft Same for reversionary additions 4942012 00 Total 165321201 00 2 American Experience Table at 3 on issues 1898 to 1906 10506130 00 Total 10506130 00 3 American Experience Table at 3 on issues 1895 to 1912 229381297 00 Same for reversionary additions 1115125 00 Total 230496422 00 4 Other tables and rates viz Joint Life prior to 1898American Experience Table at 4 301709 00 Childs Endowments and Survivorship Assurance prior to 1898Carlisle Ex perience at 4 52330 00 Childs Endowments Annual Premium 18981906Carlisle Experience at 3y2 96690 00 Childs Endowments Single Premium 18981906Peerage Experience at 3 21908 00 Joint Life 18981906Hm Table at 3 203709 00 Semi Tropical 19101912 SesquiAmerican at 3 602062 00 Tropical 19101912Double American at 3 156269 00ComptrollerGenekals Repobt 549 Survivorship Assurance 1906Carlisle Experience at 3 12070 00 Same for reversionary additions Joint LifeAmerican Experience at 4 5241 00 Total 1451988 00 5 Net present value of annuities including those in reduction of premiums Regular arid Deferred to 1898Actu aries Experience at 4 1991404 00 Two Life to 1898Hm Table at 4 143522 00 Survivorship to 1898Carlisle Experience at 4 31547 00 All Annuities 18981912McClintoeks Table at 3 8030499 00 Supplementary contracts from 3 poli cies American Experience Table at 3 917139 00 Supplementary contracts from 3 poli cies American Experience at 3 1423729 00 Total 12537840 00 Total 420313581 00 6 Deduct net value of risks of this company reinsured in other solvent companies 1 448 549 qo Total 418864932 00 7 Reserve to provide for health and accident benefits contained in life policies 278 00 8 Net reserve paid for basis 418866210 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Society 2400777 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be demanded 69922 29 11 Claims for death losses due and unpaid 20889 77 12 Claims for death losses in process of ad justment or adjusted and not due 126139 94 13 Claims for death losses incurred for which no proofs have been received 1861546 00 14 Claims for matured endowments due and unpaid 509041 59 lo Claims for death losses and other policy claims resisted by the company 182928 00550 YoiptbollebGenebals Kepoet 16 Due and unpaid on annuity claims involv ing life contingencies 30620 40 17 Total policy claims 2731165 70 18 Due and unpaid on supplementary contracts not involv 4 419 98 ing life contingencies J 19 Dividends left with the company to accumulate lat interest and accrued interest thereon 334883 34 20 Premiums paid in advance including surrender values so applied 285554 23 21 Unearned interest and rent paid in advance 1742889 72 23 Commissions to agents due or accrued 124066 54 25 Salaries rents office expenses bills and accounts due or accrued 127329 77 26 Medical examiners fees 1957423 and legal fees 2828644 due or accrued 47S60 67 27 Estimated amount hereafter payable for federal State and other taxes including those based upon the busi ness of the year of this statement 890549 98 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 9 I3S9Q 16 32 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 3980000 00 33 Dividends declared on or apportioned to deferrd divi dend policies payable to policyholders during 1913 9689600 00 34 Amounts set apart apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not in cluded in item 33 63811572 00 35 Reserve special or surplus funds not included above 36 Reserve for unreported death losses 450000 00 37 Fire insurance indemnity fund 123 12 38 Deposits on account of insurance 258219 88 39 All other liabilities Mre relief fund 11434 86 44 Capital stock 100000 00 qnassigned funds surplus 6415532 05 46 Total 513319201 29 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said Stale in force December 31 of previous year 6671 14118412 00ComptrollerGenerals Repobt 551 18 Policies on the lives of citizens of said State issued during the year 795 1489799 00 19 Total 7466 15608211 00 20 Deduct ceased to be in force during the year 563 1 219 701 00 21 Policies in force December 31 6903 14388510 00 22 Losses and claims unpaid December 31 of pre vious year 4 8936 46 23 Losses and claims incurred during year 109 273881 70 24 Total 113 1 282818 16 25 Losses and claims settled during the year in cash 99 230976 30 26 Losses and claims unpaid December 31 14 51841 86 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 471622 39 THE FIDELITY MUTUAL LD7E INSURANCE COMPANY OF PHILADELPHIA PENNSYLVANIA L G Fouse President chas G Hodge Secretary J II Byrley Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 24089942 12 4 Extended at 4 94 ygg gr IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 131521 for first years reinsurance 450 315 35 6 Surrender values applied to pay first years premiums 787 55 7 Total first years premiums on original policies 451102 91 8 Dividends applied to purchase paidup additions and annuities 30 750 66 9 Surrender values applied to purchase paid up insurance and annuities 1501 34 552 CompteolleeGenebals Eepobt 665 82 11 Consideration for supplementary contracts involving life contingencies 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 7 11322 for reinsurance on renewals 4178774 52 14 Dividends applied to pay renewal prem iums 15 Dividends applied to shorten the endow ment or premiumpaying period 16 Surrender values applied to pay renewal 484020 73 premiums 17 Renewal premiums for deferred annuities 5534 76 4788 30 3815 02 18 Total renewal premiums 19 Total premium income 20 Consideration for supplementary contracts not involving life contingencies 21 Dividends left with the company to accumulate at interest 23 Gross interest on mortgage loans less 571375 accrued interest on mortgages acquired during 1912f 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks less 322355 accrued interest on bonds and dividends during 1912 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 29 Deferred premiums 30 Agents balances 32 Gross rent from companys property in eluding 4000000 for companys occu pancy of its own buildings 4352168 37 4836189 10 35342 33 9846 44 443786 17 8195 79 352645 31 383867 77 7805 21 11660 20 9161 62 95176 06 33 Total gross interest and rents 1312298 H 34 rrom otheT sources policy fees 41 Gross profit on sale or maturity of ledger assets viz Real estate 59474 bonds 1180914 total 42 Gross increase by adjustment in book value of ledger assets viz Bonds 12403 88 6988 42 43 Total income 6213199 30ComptbolleeGeneeals Eepoex 55 HIDisbursements 1 For death claims 151463909 additions 10884065 total 1623479 74 2 For matured endowments 3781354 ad ditions 7260 total 37 886 14 10 11 12 13 Xet amount paid for losses and matured endowments For annuities involving life contingencies Surrender values paid in cash or applied in liquidation of loans or notes g Surrender values applied to pay new premiums 78756 to pay renewal premiums 478830 Surrender values applied to purchase paidup insurance and annuities Dividends paid to policyholders in cash or applied in liquidation of loans or notes Dividends applied to pay renewal premiums Dividends applied to shorten the endowment or premium paying period Dividends applied to purchase paidup additions and an nuities Dividends left with the company to accumulate at interest 1661365 88 16019 92 627993 10 5575 86 1501 34 25402 54 159255 77 5534 76 30750 66 9846 44 14 Total paid policyholders 15 Expense of investigation and settlement of policy claims including 226836 for legal expenses 16 Paid for claims on supplementary contracts not involving life contingencies 17 Dividends and interest thereon held on deposit surren dered during the year 19 Commissions to agents less commission on reinsurance First years premiums 19257996 renewal premiums 17996545 total 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks 24 Medical examiners fees 2991405 inspection of risks 1312231 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including 4000000 for companys occupancy of its own buildings less 78485 received under sublease 27Advertising 999530 printing and stationery 2733486 postage telegraph telephone and express 2019590 2543246 27 3619 70 33985 32 2548 65 372545 41 3700 00 26610 24 88439 62 43036 36 172976 68 68558 44 57526 06554 ComptrollerGenerals Eeport 28 Legal expense not included in item 15 29 Furniture fixtures and safes 30 Bepaira and expenses other than taxes on real estate 31 Taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 Ml other licenses fees and taxes Federal corporation tax 998073 municipal licenses 122283 personal property tax 4202774 total 38 Other disbursements Examination by Penn Dept 88500 miscellaneous expenses 960662 total 44 Miscellaneous investment expense 46 Gross loss on sale or maturity of ledger assets viz Bonds 47 Gross decrease by adjustment in booh value of ledger assets viz Bonds 11457 74 3798 94 53984 36 12947 99 73207 11 6720 17 48 Total disbursements 53231 30 10491 62 287 70 43 89 3338 14 3646301 71 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force of which 7658309 is for first years premiums 6 Book value of bonds 718096345 and stocks 174 41800 total 7 Cash in companys office 9 Deposits in trust companies and banks on interest 10 Bills receivable 2777587 agents balances debit 41048235 credit 784137 net 40264098 12 Total ledger assets 1340268 81 9265999 64 201292 86 7260373 01 442061 42 7355381 45 567 14 360478 53 430416 85 26656839 71 NonLedger Assets 13 Interest due 3975512 and accrued 15317393 on mortgages 192929 0a 14 Interest accrued on bonds 115268 89 15 Interest due 20765 and accrued 99799 collateral loans i208 64 16 Interest due 1501241 and accrued 59 15116 on premium notes policy loans or liens 20 Rents due 38733 on companys property or lease 74163 57 387 33ComptrollerGenerals Eepoet 555 21 Total interest and rents due and accrued 22 Market value of real estate over book value 25 Gross premiums due and unreported on policies in force Dec 31 1912 229942 64 26 Gross deferred premiums on policies in force December 31 1912 306 751 58 27 Total 28 Deduct loading 536694 22 106327 52 383954 48 56294 69 29 Net amount of uncollected and deferred premiums 430 366 70 35 Gross assets 27527455 Deduct Assets Not Admitted 38 Agents debit balances gross 410482 35 40 Bills receivable 27 775 87 41 Premium notes and loans on policies and net premiums in excess of the net value of their policies 92 271 26 43 Book value of ledger assets over market value viz Bonds and stocks 332119 45 45 Total 32648 93 46 Admitted assets 26664806 65 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Pa Ins Dept on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all policies issued prior to Jan 1 1901 5943573 00 2 American Experience table at 3 per cent on all policies issued since Jan 1 1901 except as specified in item 3 1908 1912 select and ultimate 12269625 00 Same for reversionary additions 59948 00 3 American Experience table at 3 per cent on special 20 point policies issued since Oct 1904 in lieu of old policies also regular limited point policies issued since Jan 1 1907 1908 1912 select and ultimate 4591608 00556 ComptrollerGenerals Eeport 5 Net present value of annuities including those in reduction of premiums Me Clintock 3 per cent 90689 00 American 3 per cent 62944 00 Total 23018387 00 6 Deduct net value of risks of this company reinsured in other solvent companies 4064 00 23014323 00 8 Net reserve 9 Present value of amounts not yet due on supplementary contract not involving life contingencies computed by the company 400209 32 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de 7984 69 manded 12 Claims for death losses in process of ad justment or adjusted and not due 23563 10 13 Claims for death losses incurred for which no proofs have been received 193081 00 15 Claims for death losses and other policy claims resisted by the company 28282 10 17 Total policy claims 244926 20 18 Due and unpaid on supplementary contracts not involv ing life contingencies 1280 00 19 Dividends left with the company to accumulate at interest and accrued interest thereon 26601 11 20 Premiums paid in advance including surrender values so applied 1790046 21 Unearned interest and rent paid in advance 131785 00 22 Commissions due to agents on premium notes when paid 12943 77 25 Salaries rents office expenses bills and accounts due or accrued 4099 80 26 Medical examiners fees 9100 00 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 74334 41 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 12137 90 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 229717 08 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 16560 86ComptrollerGenerals Report 557 34 Amounts set apart apportioned provisionally ascertain ed calculated declared or held awaiting apportion ment upon deferred dividend policies not included in ltem 33 1523293 98 45 Unassigned funds surplus 937 609 07 46 Total 26664806 65 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 1846 3686479 00 18 Policies on the lives of citizens of said State issued during the year 270 697136 00 19 Total 2116 4383615 00 20 Deduct ceased to be in force during the year 264 450 790 00 21 Policies in force December 31 1852 3932825 00 22 Losses and claims unpaid Dec 31 of previous year 1 1000 00 23 Losses and claims incurred during year 21 29 229 40 24 Total 22 30229 40 25 Losses and claims settled during the year in eash 19 27723 60 26 Losses and claims unpaid Dec 31 3 2 505 80 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 137 699 45 THE FRANKLIN LIFE INSURANCE COMPANY OF SPRINGFIELD ILLINOIS Edgar S Scott President Henry Abels Secretary 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 5596967 54 4 Extended at 5596967 54 558 ComptrollerGenerals Report IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 135032 for first years reinsurance 6 Surrender values applied to pay first years premiums 7 Total first years premiums on original policies 8 Dividends applied to purchase paidup additions and annuities 9 Surrender values applied to purchase paid up insurance and annuities 11 Consideration for supplementary contracts involving life contingencies 215849 26 139 2 215988 48 38 75 29091 67 4000 00 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 6 18072 for reinsurance on renewals 1095677 45 Dividends applied to pay renewal prem iums Surrender values applied to pay renewal premiums 249118 90 II 16 23175 68 24 00 18 Total renewal premiums 1118877 13 19 Total premium income 21 Dividends left with the company to accu late at interest 23 Gross interest on mortgage loans 24 Gross interest on collateral loans Lr Gross interest on bonds 1367996 03 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the company Int on quarterly and semi annual premiums 354 32 165319 51 1113 8 19 29712 31 67953 18 527 76 11922 62 33 Total gross interest and rents 40 From agents balances previously charged off 42 Gross increase by adjustment in book value of ledger assets viz Bonds 286553 57 1085 45 8 76ComptrollebGeneeal s Eepokt 559 Stocks 43 Total ineome 1655998 13 7252905 67 IIIDisbursements 1 For death claims 37153153 additions 3118038 total 402711 91 2 For matured endowments 317 700 00 3 Xet amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse less 708079 restorations 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay new premiums 13922 to pay Tenewal premiums 2400 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pajT renewal premiums 12 Dividends applied to purchase paidup additions and an nuities 13 Dividends left with the company to accumulate at interest 720411 91 275 64 25116 66 188653 85 163 22 29091 67 67612 21 23175 68 38 75 354 32 14 Total paid policyholders j 15 Expense of investigation and settlement of policy claims 16 Paid for claims on supplementary contracts not involving life contingencies 17 Dividends and interest thereon held on deposit surren dered during the year 18 Paid stockholders for interest or dividends 19 Commissions to agents less commission on reinsurance First years premiums 11917341 renewal premiums 6825956 21 Compensation of managers and agents not paid by com mission for service in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Medical examiners fees 1570896 inspection of risks 804501 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Bent 1054893 91 2046 63 550 00 18 62 5000 Kl 87432 97 47197 71 24239 01 23753 97 95555 63 8551 67 560 ComptrollerGeneral s Report 27 Advertising 438361 printing and stationery 11 17973 postage telegraph telephone and express 7 41880 exchange 181085 28 Legal expense not included in item 15 29 Furniture fixtures and safes 31 Taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Federal corporation tax 119358 investment tax 1512714 misc local licenses and fees 25728 total 38 Other disbursements Traveling expenses 324692 in vestment expenses 53740 miscellaneous expense 823577 total 45 Agents balances charged off 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 24792 99 1510 99 2836 10 244 36 12399 52 4306 44 16578 00 12020 09 7650 48 126 00 48 Total disbursements 1531175 09 IVLedger Assets 1 Book value of real estate Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans and liens made to policyholders on this companys policies 5 Premium notes on policies in force of which 2916922 is for first years premiums 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Agents balances debit 5817730 credit 3846i06 not 5633124 164585 00 2893250 00 239600 00 53669 71 659973 54 1032 49 115761 23 73008 51 56331 24 12 Total ledger assets 5721260 58 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 16 Interest accrued on premium notes policy loans or liens 17 Interest accrued on other assets 21 Total interest and rents due and accrued 72108 46 10409 58 3127 0 1511 01 75 13 87232 11ComptrollerGenerals Eepoet 23 Market value of bonds and stocks over book value 25 Gross premiums due and unreported on policies in force Dec 31 1912 75612 21 26 Gross deferred premiums on policies in force Dec 31 1912 69977 15 561 7847 82 27 Total 28 Deduct loading 145589 36 29220 65 29 Net amount of uncolleeted and deferred premiums 116368 71 35 Gross assets 5932709 27 Deduct Assets Not Admitted 38 Commuted commissions agents debit balances 58177 30 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 24125 66 82302 96 46 Admitted assets 5850406 31 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on Ihe 31 day of Dec 1912 as computed by the Illinois Ins Dept on the following tables of mor tality and rates of interest viz 1 Actuaries table at 4 per cent on busi ness issued prior to July 1 1907 3916088 00 2 American Experience table at 3 peT cent on business issued since July 1 1907 759208 00 Same for reversionary additions 158 00 5 Net present value of annuities including those in reduction of premiums Ac tuaries 4 per cent and American 3 per cent 5753 00 Total 4681207 00 6 Deduct net value of risks of this company reinsured in other solvent companies 3365 00 7 Reserve to provide for health and accident benefits contained in life policies 825 00 3 Net reserve 4678j667 00562 CompteolleeGeneeals Eepoet 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 9732 00 13 Claims for death losses incurred for which no proofs have been received 29449 70 14 Claims for matured endowments due and unpaid 300000 15 Claims for death losses and other policy claims resisted by the company 2244 oO 17 Total policy claims 34694 20 18 Due and unpaid on supplementary contracts not involv ing life contingencies 100 00 19 Dividends left with the company to accumulate at interest and accrued interest thereon 125 17 90 Premiums paid in advance including surrender values rlq 7399 12 so applied 21 Unearned interest and rent paid in advance 16190 98 22 Commissions due to ageuts on premium notes when paid 13192 41 23 Commissions to agents due or accrued 3747 20 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 789 93 25 Salaries rents office expenses bills and accounts due or 1985 82 accrued 26 Medical examiners fees 56600 and legal fees 15850 due or accrued 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30626 26 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 3852 8 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or 20399 64 otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 62122 82 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies 467921 7o 35 Reserve special or surplus funds not included above 9321 32 Trust fund 39 U1 other liabilities Fund held for special class of 111418 44 policies 100000 00 44 Capital stock 45 Unassigned funds surplus 276261 87 46 Total 5850406 3ComptrollerGenerals Eeport 563 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 1933 2962628 00 18 Policies on the lives of citizens of said State t issued during the year 155 315355 00 19 Total 2088 3277983 00 20 Deduct ceased to be in force during the year 249 392975 00 21 Policies in force Dec 31 1839 2885008 00 22 Losses and claims unpaid Dec 31 of previous year 4 9998 48 23 Losses and claims incurred during year 9 n 325 98 24 Total 13 21324 46 25 Losses and claims settled during the year in cash 1905433 by compromise 2563 12 19079 96 26 Losses and claims unpaid Dec 31 1 2 244 50 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 85 637 26 THE GERMANIA LIFE INSURANCE OF NEW YORK Cornelius Doremus President Carl Heye Secretary Alexander C King 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 45701511 04 4 Extended at 45701511 04 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 224482 for first years reinsurance 721864 82564 ComptrollerGenerals Report 8 Dividends applied to purchase paidup additions and annuities 61739 89 9 Surrender values applied to purchase paid up insurance and annuities 118588 25 10 Consideration for original annuities in volving life contingencies 33218 16 11 Consideration for supplementary contracts involving life contingencies 168 51 12 Total new premiums 935579 63 13 Renewal premiums without deduction for commissions or other expenses less 18 34953 for reinsurance on renewals 4595040 03 14 Dividends applied to pay renewal prem iums 390548 76 17 Renewal premiums for deferred annuities 110 38 18 Total renewal premiums 4985699 17 19 Total premium income 5921278 80 20 Consideration for supplementary contracts not involving life contingencies 10993 lo 21 Dividends left with the company to accumulate at interest 3908 21 23 Gross interest on mortgage loans 1247688 92 25 Gross interest on bonds and dividends on stocks less 590334 accrued interest on bonds acquired during 1912 393286 46 26 Gross interest on premium notes policy loans or liens 278809 46 27 Gross interest on deposits in trust com panies and banks 10345 69 29 Interest on advances to agents 492 38 31 Gross discount on claims paid in advance 74 62 32 Gross rent from companys property in cluding 47746 90 for companys occu pancy of its own buildings 294044 20 33 Total gross interest and rents 2224741 73 34 From other sources Policy fees 264324 recovered on deficiency judgment on account of real estate taken under foreclosure 85000 total 3493 24 41 Gross profit on sale or maturity of ledger assets viz Bonds 1656 60 42 Gross increase by adjustment in book value of ledger assets viz Bonds 2795 19 43 Total income 8168866 92 COMPTKOLLERGrENERAIis EePORT 565 IIIDisbursements 1 For death claims less 5542500 reinsur ance 160146827 additions 19 57296 total 1621041 23 2 For matured endowments 152654269 additions 1517412 total 1541716 81 3 Net amount paid for losses and matured endowments 3162758 04 4 For annuities involving life contingencies 41 824 04 6 Surrender values paid in cash or applied in liquidation of loans or notes 785182 42 8 Surrender values applied to purchase paidup insurance and annuities 118588 25 9 Dividends paid to policyholders in cash or applied in liquidation of loans and notes 375 083 61 10 Dividends applied to pay renewal premiums 390548 76 12 Dividends applied to purchase paidup additions and an Mities 61739 89 13 Dividends left with the company to accumulate at in terest 3908 21 14 Total paid policyholders 4939633 22 15 Expense of investigation and settlement of policy claims including 119495 for legal expenses 589 20 16 Paid for claims on supplementary contracts not involving life contingencies 7 221 54 17 Dividends and interest thereon held on deposit surren dered during the year gg7 10 18 Paid stockholders for interest and dividends 24 000 00 19 Commissions to agents less commission on reinsurance First years premiums 28259550 renewal premiums 22495560 annuities original 73194 renewal 443 total 508287 47 20 Commuted renewal commissions 2 950 00 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 103034 47 23 Branch office expenses including salaries of managers and clerks not included in item 21 250 427 10 24 Medical examiners fees 4870779 inspection of risks 704741 total 55755 20 25 Salaries and all other compensation of officers directors trustees and home office employees 216 460 84 26 Bent including 4774690 for companys occupancy of its own buildings 47 745 90 27 Advertising 1342277 printing and stationery 22 40594 postage telegraph telephone and express 40 37816 exchange 298347 total 79190 34 566 ComptrollerGenerals Report 28 Legal expenses not included in item 15 1633 66 29 Furniture fixtures and safes 8349 69 30 Repairs and expenses other than taxes on real estate 113313 62 31 Taxes on real estate 659 47 32 State taxes on premiums 53519 61 33 Insurance department licenses and fees 5511 04 34 All other licenses fees and taxes Federal corporation tax 1992343 municipal licenses and fees 131676 miscellaneous fees publications etc 134213 22582 32 38 Other disbursements Insurance papers 154590 office repairs 64710 Ice laundry and lunches 108077 association dues 268098 office supplies 596233 Sundries 577900 total 17702 0 45 Agents balances charged off 8899 83 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 4910000 bonds 083222 55932 22 48 Total disbursements 6576286 98 IVLedger Assets 1 Book value of real estate 4336935 33 2 Mortgage loans on real estate first liens 27229459 20 4 Loans made to policyholders on this companys policies assigned as collateral 5256633 21 6 Book value of bonds 10017648 63 7 Cash in company s office 1256 63 8 Deposits in trust companies and banks not on interest 54337 33 9 Deposits in trust companies and banks on interest 397820 61 12 Total ledger assets 47294090 98 NonLedger Assets 13 Interest due 311308 and accrued 448 10691 on mortgages 451219 99 14 Interest duo 810038 and accrued 135 50756 on bonds 143607 94 16 Interest due 962600 and accrued 21 50043 on premium notes policy loans or liens 31126 43 20 Rents due 361703 on companys prop erty or lease 3617 03 21 Total interest and rents due and accrued 629571 39 25 Gross premiums due and unreported on policies in force December 31 1912 738519 00ComptrollerGeneral s Report 567 26 Gross deferred premiums on policies in force December 31 1912 27 Total 28 Deduct loading 25 per cent 568977 00 1307496 00 326874 00 29 Net amount of uneollected and deferred premiums 980 622 00 35 Gross assets 48904284 37 Deduct Assets Not Admitted 43 Book value of ledger assets over market value Bonds 698 423 00 46 Admitted assets 48205861 37 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the New York Ins Dept on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on all policies issued prior to Jan 1 1910 except policies issued through the Home Department subsequent to Dec 31 1901 and prior to Jan 1 907 and 5 per cent bold bond policies 32537158 00 Same for reversionary additions 450811 3 American Experience table at 3 per cent on all policies issued subsequent to Dec 31 1909 and policies included in the exceptions above 7509176 00 Same for reversionary additions 14034 00 5 Net present value of annuities including those in reduction of premiums American Table of Mortality with 3 per cent interest 29730600 McClintocks Annuitant Table of Mortality with 3 per cent interest 14074800 American Table of Mortality with 3 per cent interest 674500 total 444799 00 Total 40955978 00 6 Deduct net value of risks of this company reinsurance in other solvent companies 68006 00 8 Net reserve 40887972 00 568 ComptrolleeGenebals Report 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 37178 52 12 Claims for death losses in process of ad justment or adjusted and not due 21603 07 13 Claims for death losses incurred for which no proofs have been received 138030 53 14 Claims for matured endowments due and unpaid 43054 47 15 Claims for death losses and other policy claims resisted by the company 2281 74 16 Due and unpaid on annuity claims involv ing life contingencies 2999 83 17 19 20 21 23 25 26 27 31 32 33 34 35 Total policy claims Dividends left with the company to accumulate at interest and accrued interest thereon 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 Medical examiners fees Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 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 1913 whether contingent upon the payment of renewal premiums or otherwise Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 Reserve special or surplus funds not included above Extra reserve for absolute war and world policies and other liabilities 66774 88 9197 30 245148 16 14691 74 18510 25 68961 72 1446 58 7548 35 3348 00 57388 04 151548 26 505350 00 104032 71 3127802 54 172993 10ComptrollerGenerals Eepopt 569 44 Capital stock 200000 00 45 Unassigned funds surplus 1963147 69 46 Total 48205861 37 m Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 814 1284987 20 18 Policies on the lives of citizens of said State issued during the year Ill 193000 00 19 Total 925 1477987 20 20 Deduct ceased to be in force during the year 70 117932 00 21 Policies in force Dec 31 855 1360055 20 23 Losses and claims incurred during year 9 15044 65 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expefises 43679 38 GEORGIA LITE INSURANCE COMPANY OF MACON GEORGIA W E Small President L A Shepherd Secretary ICapital Stock 1 Amount of capital paid up in cash 500900 00 2 Amount of ledger assets as per balance December 31 of previous year 3 Error in uncollected casualty premiums 756346 69 1323 40 4 Extended at 757670 09 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 71158 for first years reinsurance 36656 74 13 Renewal premiums without deduction for commissions or other expenses less 2 18037 for reinsurance on renewals 54513 97 570 ComptrollerGexeral s Report 2039 40 14 Dividends applied to pay renewal prem iums 18 Total renewal premiums 19 Total premium income 23 Gross interest on mortgage loans 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes poliey loans or liens 27 Gross interest on deposits in trust com panies and banks 32 Gross rent from companys property in cluding 296000 for companys occu pancy of its own buildings 6158 06 37 42 5760 00 243 50 1244 12 32469 S7 33 Total gross interest and rents 34 From other sources Miscellaneous income 6121 agents miscellaneous accounts 34516 income casualty department 33691024 increase in valua tion of building 11309313 total 40 From agents balances previously charged off 1 For death claims less 500000 reinsur ance 11860 00 56553 37 93210 11 45912 87 450428 57 646 28 43 Total income 590179 00 IIIDisbursements 3 Net amount paid for losses and matured endowments 11860 00 4 For annuities involving life contingencies 1494 57 8 Surrender values applied to purchase paidup insurance and annuities 1998 89 10 Dividends applied to pay renewal premiums 2039 10 15 Expense of investigation and settlement of policy claims including 50000 for legal expenses 643 10 19 Commissions to agents less commission on reinsurance First years premiums 2536028 renewal premiums 196483 total 27325 11 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 5218 00 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 33S9 21 21 Medical examiners fees 562400 inspection of risks 100200 total 6526 00CoMPTROLLERGtENERAEs BePORI 571 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including 247500 for companys occupancy of its own buildings 27 Advertising 245231 printing and stationery 335025 postage telegraph telephone and express 211507 exchange 23819 total 28 Legal expense not included in item 15 29 Furniture fixtures and safes 30 Repairs and expenses other than taxes on real estate 31 Taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Federal corporation tax 38 Other disbursements Examination by Ins Dept 1 25765 general H O expense 329273 Dis casualty department 283364 71 total 45 Agents balances charged off 48 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 6 Book value of bonds 13478568 and stocks 56 00000 total 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Agents balances debit 10i Premiums in course collection eas Dept 11 Advance on contract bonds secured 12 Total ledger assets 24582 79 2475 00 8155 82 38 50 328 25 13952 60 6376 11 727 82 593 50 22 29 287915 09 3041 46 408705 81 375000 00 113134 88 2125 00 1482 06 190785 68 3115 57 68353 69 39645 47 3062 38 139717 59 2720 96 939143 28 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 2227 43 100 00 31 32572 ComptrollerGenerals Report 17 Interest accrued on other assets 199 67 20 Bents on companys property or lease 3274 84 21 Total interest and rents due and accrued 5833 26 25 Gross premiums due and unreported on policies in force Dec 31 1912 4797 89 26 Gross deferred premiums on policies in force December 31 1912 820 89 27 Total 5618 78 28 Deduct loading 983 29 29 Net amount of uncollected and deferred premiums 4635 49 35 Gross assets 944612 03 Deduct Assets Not Admitted 38 Agents debit balances gross 3062 38 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 387 03 43 Book value of ledger assets over market value viz Bonds 6625 68 44 Premiums over 90 days past due Cas dept 25305 02 46 Admitted assets 914231 92 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 3 per cent on all business Same for reversionary additions 77115 92 Total 77115 92 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 1645 88 7 Beserve to provide for health and accident benefits contained in life policies 452 05 8 Net reserve 75922 09ComptrollerGenerals Eeport 573 13 Claims for death losses incurred for which no proofs have been received 4500 00 15 Claims for death losses and other policy claims resisted by the company 4000 00 17 Total policy claims 8500 00 20 Premiums paid in advance including surrender values so applied 277 65 21 Unearned interest and rent paid in advance 46 78 25 Salaries rents office expenses bills and accounts due or accrued 732 00 26 Medical examiners and legal fees 82 00 Due or accrued 3505 38 32 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 3674 34 39 All other liabilities Liabilities casualty department 248505 34 41 Suspense accounts dept 345 16 44 Capital stock 500900 00 45 Unassigned funds surplus 71741 18 46 Total 914231 92 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 1322 2287135 00 18 Policies on the lives of citizens of said State issued during the year 718 1304490 00 19 Total 2040 3591625 00 20 Deduct ceased to be in force during the year 589 945950 00 21 Policies in force December 31 1451 2645675 00 22 Losses and claims unpaid December 31 of pre vious year 4 8500 00 23 Losses and claims incurred during year 7 18500 00 24 Total 11 27000 00 25 Losses and claims settled during the year in cash 1686000 by compromise 164000 total 8 18500 00 26 Losses and claims unpaid December 31 3 8500 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 60144 70574 ComptrollerGenerals Eepoet home life insurance company of new york n y George E He President Henry E Ide Secretary Home Office 256 Broadway New York City N Y Wm 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 25982130 55 4 Extended at 25982130 55 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 4018186 for first years reinsurance 449932 25 7 Total first years premiums on original policies 449932 25 8 Dividends applied to purchase paidup additions and annuities 309045 37 8 Matured endowments applied to pur chase paidup additions 4481 56 10 Consideration for original annuities in volving life contingencies 21552 50 11 Consideration for supplementary contracts involving life contingencies 9494 69 12 Total new premiums 794506 37 13 Renewal premiums without deduction for commissions or other expenses less 41 04032 for reinsurance or renewals 3049189 76 14 Dividends applied to pay renewal pre miums 162515 55 16 Surrender values applied to pay renewal premiums 52 09 17 Renewal premiums for deferred annuities 17034 74 18 Total renewal premiums 3228792 14 19 Total premium income 4023298 51 20 Consideration for supplementary contracts not involv ing life contingencies 9055 00ComptrollerGeneral s Report 575 21 Dividends left with the company to accumulate at interest 10442 49 23 Gross interest on mortgage loans 350137 02 25 Gross interest on bonds and dividends on stocks less 870492 accrued interest on bonds acquired during 1912 599598 52 26 Gross interest on premium notes policy loans or liens 239379 98 27 Gross interest on deposits in trust com panies and banks 4646 07 29 Interest on agents advances and from out of town banks 2187 69 31 Gross discount on claims paid in advance 200 22 32 Gross rent from companys property in cluding 3000000 for companys occu pancy of its own buildings 98576 22 33 Total gross interest and rents 1294725 72 35 Received from bank balances previously charged off 47 10 41 Gross profits on sale or maturity of ledger assets viz Bonds 29205 stocks 1361757 total 13909 62 42 Gross increase by adjustment in book value of ledger assets viz Bonds including 785431 for accrual of discount 7854 31 43 Total income 5359332 75 IIIDisbursements 1 For death claims less 230000 rein surance 1063066U3 additions 24100 total 1063307 13 2 For matured endowments 28936800 additions 23645516 total 525823 16 3 Net amount paid for losses and matured endowments 1589130 29 4 For annuities involving life contingencies 46637 08 6 Surrender values paid in cash or applied in liquidation of loans or notes 788543 59 7 Surrender values applied to pay renewal premiums 52 09 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 30693 67 10 Dividendsapplied to pay renewal premiums 162515 51 12 Dividends applied to purchase paidup additions and annuities 309045 37 13 Dividends left witli the company to accumulate at interest 10442 49 14 Total paid policyholders 2937060 13 576 ComptrollerGenerals Report 15 Expense of investigation and settlement of policy claims including 7500 for legal expense 181 15 16 Paid for claims on supplementary contracts not involv ing life contingencies 22598 29 17 Dividends and interest thereon held on deposit surrendered during the year 2298 42 18 Paid stockholders for interest or dividends 15000 00 19 Commissions to agents less commission on reinsurance First years premiums 18026003 renewal pre miums 21659181 annuities original 100788 renewal 125197 total 399111 69 20 Commuted renewal commissions 692 00 22 Agency supervision and traveling expenses of super visors except compensation for home office super vision 35367 25 23 Branch office expenses including salaries of managers and clerks not included in item 21 88778 75 24 Medical examiners fees 2523184 inspection of risks 406824 total 29300 08 25 Salaries and all other compensation of officers directors trustees and home office employees 182456 76 26 Rent including 3000000 for companys occupancy of its own buildings 30000 00 27 Advertising 1498813 printing and stationery 12 66237 postage telegraph telephone and express 809397 exchange 36890 total 36113 37 28 Legal expense not included in item 15 4100 00 29 Furniture fixtures and safes 5824 94 30 Repairs and expenses other than taxes on real estate 37244 S8 31 Taxes on real estate 18199 20 32 State taxes on premiums 48447 62 33 Insurance department licenses and fees 8421 96 34 All other licenses fees and taxes viz Federal cor poration tax 739118 tax on reserves 242863 total 9819 81 38 Other disbursements viz Traveling expenses of offi cers and home office employees 181695 medfco actuarial mortality investigation 184709 legisla tive and other expenses paid through Association of Life Insurance Presidents 146920 investment ex penses rent of vault etc 112469 miscellaneous expenses 461238 total 10870 31 46 Gross loss on sale or maturity of ledger assets viz Bonds 18987 75 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 6138140 bonds includCoMPTBOLLEBGrENEKAL s REPOttT 577 ing 1169539 for amortization of premiums 11 69539 total 73076 79 48 Total disbursements IVLedger Assets 1 Book value of real estate 1500000 00 2 Mortgage loans on real estate first liens 7109125 00 4 Loans made to policyholders on this companys policies assigned as collateral 3483596 64 5 Premium notes on policies in force of which 1603766 is for first years premiums 601 264 20 6 Book value of bonds 1292195700 and stocks 1332 03257 total 14253989 57 8 Deposits in trust companies and banks not on interest 67879 45 9 Deposits in trust companies and banks on interest 300414 38 Total cash items 10 Agents balances debit 1144258 credit 19867 net 12 Total ledger assets 368293 83 11243 91 27327513 15 NonLedger Assets 13 Interest accrued on mortgages 28566 18 14 Interest accrued on bonds 179014 57 16 Interest due 1365772 and accrued 29236 on premium notes policy loans or liens 13950 08 18 Banks and trust companies 500 00 20 Bents due 248250 and accrued 2 08333 on companys property or lease 4565 83 21 Total interest and rents due and accrued New Business Renewals 25 Gross premiums due un reported on policies in force December 31 1912 less reinsurance premiums 3607 53 202727 60 226596 66 578 ComptbollebGbnebals Kepoet 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 39311 99 269511 29 27 Totals 42919 52 472238 89 28 Deduct loading 9344 51 111305 02 29 Net amount of uncollected and deferred premiums 33575 01 360933 87 394508 88 35 Gross assets 27948618 69 Deduct Assets Not Admitted 38 Agents debit balances gross 11442 oS 43 Book value of ledger assets over market value viz Bonds 3522200 stocks 13402257 total 169244 57 Total 180687 15 46 Admitted assets 27767931 54 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the New York Insurance Department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on life endowment and term policies with con tinuous or limited premiums with or without a pure endowment or return premium feature par or nonpar issues 18601900 inclusive 11107807 00 Same for reversionary additions 258411 00 Total 11366278 00 2 American Experience table at 3 per cent on same classes as above issues of 19011907 inclusive 9006570 00 Same for reversionary additions 2320150 00 Total 11326720 00CoMPTROLLEKGrENERALs KePORT ifffiQ 3 American Experience table at 3 per cent on life endowment and term policies with continuous or limited premiums with or without a return premium fea ture par issues of 18941912 inclusive 1877540 00 Same for reversionary additions 5 327 00 3rtal 188286700 5 Net present value of annuities including those in re duction of premiums Actuaries table at per cent 169S5100 American Experience table at 3 per cent 23132800 McClintocks table at 3 par cent 15487200 total f 556Q51 m Total 25131916 00 6 Deduct net value of risks of this company reinsured in other solvent companies 164 257 00 8 Net reserve paid for basis 24967659 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 245987 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be demanded 3986 59 12 Claims for death losses in process of ad justment or adjusted and not due 2459 95 13 Claims for death losses incurred for which no proofs have been received 86978 50 14 Claims for matured endowments due and unPaid 33110 34 15 Claims for death losses and other policy claims resisted by the company 5 000 00 17 Total policy claims j 4J 19 Dividends left with the company to accumulate at inter est and accrued interest thereon 28 187 48 20 Premiums paid in advance including surrender values so aPPied 25640 46 21 Unearned interest and rent paid in advance 120 468 85 23 Commissions to agents due or accrued 8 336 24 25 Salaries rents office expenses bills and accounts due or accrued 200 00 26 Medical examiners fees 80000 and legal fees 2 13800 due or accrued total 2 938 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 55 gjj gy580 CoMPTROLLEBGENERAIiS REPORT 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de 13563 91 ferred premiums 32 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 1 35 Reserve special or surplus funds not included above Reserve for death claims not reported December 31 1912 1500 43 Total 25725027 99 i I I 125000 00 44 Capital stock 45 Unassigned funds surplus l9Kaud o 46 Total 2776793154 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 611 1573401 00 18 Policies on the lives of citizens of said State issued during the year 2 4009o3 19 Total 763 1974354 75 20 Deduct ceased to be in force during the year 62 1349o0 21 Policies in force December 31 701 1839404 00 No Amount 23 Losses and claims incurred during year 10 20086 To 10 20086 75 24 Total 25 Losses and claims settled during the year m 9 iyuo to cash 26 Losses and claims unpaid December 31 1 l00 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 5563 88CompteollebGteneeal s Report 581 illinois life insurance company of chicago illinois James W Stevens President Osward J Arnold Secretary Principal Office 105 W Monroe St Chicago Illinois J C Tumlin 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 8232741 49 3 Increase of capital during the year 400000 00 4 Extended at 8632741 49 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 1386051 for first years reinsurance 448646 23 7 Total first years premiums on original policies 448646 23 8 Dividends applied to purchase paidup ad ditions and annuities 4221 05 9 Surrender values applied to purchase paid up insurance and annuities 19666 91 12 Total new premiums 472 534 19 13 Eenewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 25 80376 for reinsurance on renewals 1517607 08 18 Total renewal premiums 1 517 607 08 19 Total premium income 1990141 27 23 Gross interest on mortgage loans less 275006 accrued interest on mortgages acquired during 1912 72808 60 24 Gross interest on collateral loans 71537 32 25 Gross interest on bonds and dividends on stocks less 210190 accrued interest on bonds acquired during 1912 126408 26 26 Gross interest on premium notes policy loans or liens 92659 33582 ComptrollerGenerals Keport 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany viz Sundry 30 Interest on deferred premiums 31 Gross discount on claims paid in advance 32 Gross rent from companys property 3359 15 3708 08 18109 33 49 58064 75 33 Total gross interest and rents 41 Gross profit on sale or maturity of ledger assets viz Stocks 42 Gross increase by adjustment in book value of ledger assets viz Real estate 31200000 bonds includ ing 30780 for accrual of discount 2309343 stocks 30204500 total 446655 31 25302 96 637138 43 43 Total income 3099237 97 IIIDisbursements 1 For death claims less 500000 reinsur ance 56881839 additions 15 40475 total 2 For matured endowments 5849000 ad ditions 192500 total 584223 14 60415 00 3 Xet amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse 6 Surrender values paid in cash or applied in liquidation of loans or notes Purch Rev Add ns 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums Interest on gold bonds 12 Dividends applied to purchase paidup additions and annuities 14 Total paid policyholders 15 Expense of investigation and settlement of policy claims 16 Paid for claims on supplementary contracts not involv ing life contingencies 18 Paid stockholders for interest or dividends 19 Commissions to agents less commission on reinsurance First years premiums 28942232 renewal premi ums 16492266 bonus to agents 1498351 total 644638 14 939 65 10645 58 176537 51 295 05 19666 91 16006 62 18369 42 618 00 4221 05 891937 93 2305 03 2827 84 7000 00 46932S 49COMPTROLLERGENERAL s REPORT 583 21 Compensation of managers and agents not paid by com mission for service in obtaining new insurance 9310 04 22 Agency supervision and traveling expenses of super visors except compensation for home office super vision 925 87 23 Branch office expenses including salaries of managers and clerks not included in item 21 11277 85 24 Medical examiners fees and inspection of risks 39592 88 25 Salaries and all other compensation of officers directors trustees and home office employees 129 249 58 26 Rent including companys occupancy of its own build ings 19576 60 27 Advertising 2328053 printing and stationery 17 14451 postage telegraph telephone and express 1010993 exchange 125642 total 51791 39 28 Legal expense not included in item 15 3297 09 29 Furniture fixtures and safes including equipment of new home office in 1912 35 816 64 30 Repairs and expense other than taxes on real estate 7541 15 31 Taxes on real estate 1 283 96 32 State taxes on premiums 16 203 39 33 Insurance department licenses and fees 4 424 83 33 Expense incidental 66496 legislative 33984 investment 6416 total 7 053 61 34 All other licenses fees and taxes viz Personal tax 86462 municipal licenses 22850 collection of pre miums 203214 total 3125 26 38 Other disbursements not chargeable in whole or in part as expense incident to business of current year and including all doubtful accounts and items marked off Furniture and Fixtures 4782953 commuted values renewal contracts terminated 47635833 agents ledger balances 14103987 suspense account 18 14571 bills receivable account 180877 total 685242 21 45 Agents balances charged off 4966 19 46 Gross loss on sale or maturity of ledger assets viz Bonds 59 90 47 Gross decrease by adjustment in book value of ledger assets viz Bonds including 72770 for amortization of premium 727 70 48 Total disbursements 2413065 43 IVLedger Assets 1 Book value of real estate 1023385 22 2 Mortgage loans on real estate first liens 1333991 78 3 Loans secured by pledge of bonds stocks or other col lateral 1437317 50584 CompteollebGeneeals Repobt 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 103831721 and stocks 2459 25096 total 7 Cash in companys office 9 Deposits in trust companies and banks on interest 10 Agents balances debit 25387344 credit 334586 net 12 Total ledger assets 1779167 75 3629 64 3497568 17 9382 55 83943 84 150527 58 9318914 03 NonLedger Assets 13 Interest due 36000 and accrued 18 67244 on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 19032 44 8157 52 14588 52 16 Interest accrued on premium notes policy loans or liens 17 Interest accrued on other assets 21 Total interest and rents due and accrued 22 Market value of real estate over book value 23 Market value not including interest in item 14 of bonds and stocks 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 165968 00 26 Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 8286 78 621 73 50686 99 76114 78 321277 08 147273 84 27 Totals 313241 84 28 Deduct loading 52577 44 29 Net amount of uncollected and deferred premiums 260664 40 35 Gross assets Deduct Assets Not Admitted 10027657 28 38 Agents debit balances gross 153873 44 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 24087 51 Total 46 Admitted assets 177960 95 9849696 33ComptrollerGenerals Keport 585 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of De cember 1912 as computed by the Illi nois insurance department on the fol lowing tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued prior to July 1 1907 70854 68 Same for reversionary additions 554 67 TotaI 71409 35 2 American Experience table at 3 per cent on policies issued subsequent to July 1 1907 12837 83 Same for reversionary additions 599 16 Total 13436 99 4 Other tables and rates 2 475 00 TotaI 8487109 00 6 Deduct net value of risks of this company reinsured in other solvent companies 32484 00 8 Net reserve 87454625 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 27655 19 12 Claims for death losses in process of ad justment 27837 56 13 Claims for death losses incurred for which no proofs have been received 45 393 28 15 Claims for death losses and other policy claims resisted by the company 1000 00 17 Total policy claims 74 230 84 20 Premiums paid in advance including surrender values so applied 1y28 53 21 Unearned interest and rent paid in advance 26 765 56 25 Salaries rents office expenses bills and accounts due or accrued 8014 77 26 Medical examiners fees 232600 and legal fees 31900 due or accrued 2 645 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 15 312 23586 ComptrollerGenerals Eeport 81 Dividends or other profits due policyholders including those contingent on payment of outstanding and de t y4oooo f erred premiums 32 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1913 whether contingent upon the payment of renewal pre miums or otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 14009 39 34 Amounts set apart apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon optional endowment policies not in cluded in item 33 101545 93 35 Reserve special or surplus funds not included above 36 Special reserves to cover annuity credits available on fi 494 68 future premiums 37 Special reserves to cover credits on reinsured policies 3914 24 38 Accumulated survivorship investment fund held await iny apportionment upon survivorship investment poli cies in accordance with terms thereof 115924 33 t 500000 00 44 Capital stock 45 Unassigned funds surplus 452120 20 46 Total 9849696 33 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 2142 3380569 00 18 Policies on the lives of citizens of said State issued during the year 547 1056807 00 9 Total 2689 4437376 00 20 Deduct ceased to be in force during the year 515 961809 00 21 Policies in force December 31 2174 3475567 00 22 Losses and claims unpaid December 31 of pre vious year 1 2000 00 23 Losses and claims incurred during year 19 39205 22 24 Total 20 41205 22 25 Losses and claims settled during the year in cash 2814594 by compromise 497000 16 33115 94 26 Losses and claims unpaid December 31 4 8089 28 27 Premiums collected or secured in cash ana notes or credits without any deduction for losses dividends commissions or other expenses 91127 61ComptrollerGenerals Report 587 INDIANA NATIONAL LIFE INSURANCE COMPANY OF INDIANAPOLIS IND Charles D Renick President Hillis F Hackedorn Secretary Principal Office Indianapolis Ind E C Lester Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 320700 00 2 Amount of ledger assets as per balance December 31 of previous year 519113 17 3 Increase of capital during the year 84 640 00 4 Extended at 6037g3 17 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 16010 for first years reinsurance 131284 17 7 Total first years premiums on original policies 131284 17 12 Total new premiums jgj 284 17 13 Renewal premiums without deduction for commissions or other expenses less 37374 for reinsurance on renewals 114264 11 18 Total renewal premiums 19 Total premium income 23 Gross interest on mortgage loans 9 038 12 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due to com pany Bills receivable 44541 pre mium 923 Castle Hall 13640 total 32 Gross rent from companys property in cluding 172500 for companys occu pancy of its own buildings 6622 05 95 00 3097 06 2332 26 591 04 114264 11 245548 28 33 Total gross interest and rents 21775 53588 ComptkollekGenebals Report 34 From other sources viz Stock options 72700 sur plus 6638423 total 671U 334435 04 43 Total income IIIDisbursements 1 For death claims 33225 00 3 Net amount paid for losses and matured endowments 33225 00 5 Premium notes and liens voided by lapse 4952 92 6 Surrender values paid in cash or applied in liquidation 7615 87 of loans or notes 9 Interest paid to policyholders in cash 10 Dividends applied to pay renewal premiums 11004 55 18 Paid stockholders for interest or dividends 18857 62 19 Commissions to agents less commission on reinsurance First years premiums 12162876 renewal premiums 332699 total 124955 75 22 Agency supervision and traveling expenses of super 2531 oo visors 24 Medical examiners fees 756000 inspection of risks 203336 total 9593 36 25 Salaries and all other compensation of officers directors trustees and home office employees 14890 00 26 Bent including companys occupancy of its own build 2902 25 mgs 07 Advertising 2216140 printing and stationery 2 16335 postage miscellaneous expenses 219995 exchange 43061 total 7055 28 Legal expense not included in item 15 I116 30 Repairs and expenses other than taxes on real estate 2540 99 31 Taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes viz Federal cor poration tax 18229 municipal license and franchise r QS9 R7 taxes 27038 total 38 Other disbursements viz Investment expenses 1930 mortgages on real estate 8101930 premiums re turned 27302 account interest on bonds 2663 on certificates of deposit 17559 refund on policy loans 4063 bills payable 48774 interest on real estate mortgages 268726 advance on stock 7 00000 profit and loss 1161960 total 93229 77 48 Total disbursements 336442 54ComptrollerGenerals Keport 589 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral stock notes 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds and stocks 7 Cash in company a office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Agents balances debit 209370 credit 40142 net 169228 National Underwriter Co 500 total 11 Furniture and fixtures 12 Total ledger assets NonLedger Assets 13 Interest due and accrued on mortgages 2667 16 14 Interest due and accrued on bonds 76 50 15 Interest due and accrued on collateral loans certificates of deposit 966 23 16 Interest due and accrued on premium notes 209 28 17 Interest due and accrued on other assets Stock notes 280 81 20 Rents due and accrued on companys property or lease 90 00 21 Total interest and rents due and accrued 22 Market value of real estate over book value 218569 02 159720 00 8226 46 48705 50 13841 05 3800 00 1562 67 70398 97 70179 25 1697 28 5045 47 601745 67 4289 98 16430 98 New Business Renewals 25 Gross premiums due and unreported on policies in force December SI 1912 less reinsurance premi ums 38736 60 8581 38 27 Totals 38736 60 8581 38 28 Deduct loading 26385 87 1786 50 29 Net amount of uncollected and deferred premiums 35 Gross assets 19145 61 641612 24590 ComptrollerGenerals Eepoet Deduct Assets Not Admitted 37 Supplies stationery printed matter furni ture fixtures and safes 5045 47 38 Commuted commissions agents debit bal ances gross 2093 70 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 7025 32 Total 14164 49 46 Admitted assets 627447 75 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent 41412 06 3 American Experience table at 3 per cent 241618 83 Total 283030 89 6 Deduct net value of risks of this company reinsured in other solvent companies 208 40 8 Net reserve 282822 49 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 5533 94 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 10 00 26 Medical examiners fees 820 00 44 Capital stock 320700 00 45 TJnassigned funds surplus 17490 20 46 Total 627447 75 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 81 159000 00 19 Total 81 159000 00 tih Policies in force December 31 81 159000 00ComptrollerGenerals Report 591 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 1060 81 INTERNATIONAL LIFE INSURANCE COMPANY OF ST LOUIS MO Massey Wilson President W Grantges Secretary Principal Office St Louis Mo H W Campbell Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 330000 00 2 Amount of ledger assets as per balance December 31 of previous year 1254351 55 3 Decrease of capital during the year 290350 00 4 Extended at 964001 55 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 810495 for first years reinsurance 235508 09 12 Total new premiums 235508 09 13 Renewal premiums without deduction for commissions or other expenses less 9 24207 for reinsurance on renewals 374682 32 14 Dividends applied to pay renewal pre miums 32215 40 18 Total renewal premiums 406897 72 19 Total premium income 642405 81 21 Dividends left with the company to accumulate at in terest 35491 13 22 Ledger assets other than premiums received from other companies for assuming their risks 1084378 56 23 Gross interest on mortgage loans less 102601 accrued interest on mortgages acquired during 1912 45623 66 25 Gross interest on bonds and dividends on stocks less 41525 accrued interest on bonds acquired during 1912 5598 59592 ComptrollerGenerals Report 26 Gross interest on premium notes policy loans or liens 3409 26 27 Gross interest on deposits in trust companies and banks 2758 13 28 Gross interest on other debts due the company viz Miscellaneous 371 27 32 Gross rent from companys property 57760 91 34 Prom other sources viz Surplus account adjustment capital stock 34215303 fund retiring Great Western stock 1204699 commission and expense mortgage loans account 1081432 total 365014 34 41 Gross profit on sale or maturity of ledger assets viz Bonds 192 69 43 Total income 3149244 99 IIIDisbursements 1 For death claims less 750000 reinsurance 80340 00 5 Premium notes and liens voided by lapse 3375 07 6 Surrender values paid in cash or applied in liquidation of loans or notes 7465 51 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 1S11 79 10 Dividends applied to pay renewal premiums 32215 40 11 Special income paid policyholders 700 1 13 Dividends left with the company to accumulate at in terest 35491 13 14 Total paid policyholders 161399 0o 15 Expense of investigation and settlement of policy claims including 28625 for legal expenses 580 86 17 Dividends and interest thereon held on deposit surren dered during the year 4417 55 19 Commissions to agents less commission on reinsurance First years premiums 18036179 renewal premiums 1616922 total 196531 01 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 15529 01 22 Agency supervision and traveling expenses of super visors except compensation for home office super vision 1999 10 24 Medical examiners fees 1844867 inspection of risks 463309 total 23081 76 25 Salaries and all other compensation of officers directors trustees and home office employees 49200 98 26 Rent including companys occupancy of its own build ings less 65000 received under sublease 6901 74 27 Advertising 3i87039 printing and stationery 6 66434 postage telegTaph telephone and express 548632 exchange 7929 total 16813 98ComptrollerGenerals Report 593 28 Legal expense not included in item 15 2205 95 29 Furniture fixtures and safes 543 86 32 State taxes on premiums 7 761 33 33 Insurance department licenses and fees 5567 97 36 Municipal licenses and fees 794 15 38 Other disbursements viz Traveling expense of offi cers 270854 discount on bills payable 223995 premiums paid on disability claims 11838 M and I Adv and part payments suspense 389132 mis cellaneous disbursements 583769 paid on supple mentary contracts 16914338 total 183939 26 45 Agents balances charged off 65540 61 46 Gross loss on sale or maturity of ledger assets viz Bonds 775 00 48 Total disbursements 743583 17 IVLedger Assets 2 Mortgage loans on real estate first liens 1769348 65 3 Loans secured by pledge of bonds stocks or other col lateral 16000 00 4 Loans made to policyholders on this companys policies assigned as collateral 182589 54 5 Premium notes on policies in force 143650 88 6 Book value of bonds and stocks 170298 50 7 Cash in companys office 2382 26 8 Deposits in trust companies and banks checking ac count 109016 36 9 Deposits in trust companies and banks C Ds 87840 26 1ft Bills receivable 1671219 agents balances debit 5509824 credit 14727506 net 0217682 75464 63 12 Total ledger assets 2405661 82 NonLedger Assets 13 Interest due 768361 and accrued 44 88184 on mortgages 52565 45 14 Interest due and accrued on bonds 3250 43 15 Interest due and accrued on collateral loans 122 13 16 Interest due and accrued on premium notes policy loans or liens 698 92 18 From banks on checking accounts on C D 1831 72 21 Total interest and rents due and accrued 58468 65594 ComptbollebGexebals Kepoet New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 64958 66 88297 20 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 728 20 10477 78 27 Totals 65686 86 98774 98 28 Deduct loading 45931 32 7750 79 29 Net amount of uncollected and deferred premiums 19755 64 91624 19 35 Gross assets 2574910 30 Deduct Assets Not Admitted 38 Agents debit balances gross 55098 24 40 Bills receivable 15672 56 41 Premium notes and loans on policies and net premiums in excess of the net value of their policies 16002 11 43 Book value of ledger assets over market value viz Bonds 1353 50 46 Admitted assets 2486783 89 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the Actuary on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on O L and 20 P 1st year 36978 00 2 American Experience table at 8 per cent on all other form 1698998 00 Total 1735976 00 6 Deduct net value of risks of this company reinsured in other solvent companies 9485 00 7 Beserve to provide for health and accident benefits contained in life policies 8832 00 8 Net reserve 1735323 00ComptrollerGenerals Report 595 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Actuary 9127 88 12 Claims for death losses in process of ad justment or adjusted and not due 4000 00 13 Claims for death losses incurred for which no proofs have been received 14000 00 15 Claims for death losses and other policy claims resisted by the company 26600 00 17 Total policy claims 44600 00 19 Dividends left with the company to accumulate at interest and accrued interest thereon 107622 18 20 Premiums paid in advance including surrender values so applied 4232 61 21 Unearned interest and rent paid in advance 8567 24 25 Salaries rents office expenses bills and accounts due or accrued 10700 00 26 Medical examiners fees 129700 and legal fees 35000 1647 00 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 24042 20 35 Reserve special or surplus funds not included above Reserve for payment to stockholders policy holders and agents 46754 47 39 All other liabilities Reinsurance premiums unpaid 1981 58 44 Capital stock 330000 00 45 Unassigned funds surplus 162185 73 46 Total 2486783 89 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 1088 2145157 00 18 Policies on the lives of citizens of said State issued during the year 281 474145 00 19 Total 1369 2619302 00 20 Deduct ceased to be in force during the year 586 1368966 00 21 Policies in force December 31 869 1464906 00 22 Losses and claims unpaid December 31 of pre vious year 3 3000 00 23 Losses and claims incurred during year 8 15410 00 24 Total 11 18410 00 596 ComptrolleeGeneeals Beport 25 Losses and claims settled during the year 9 26 Losses and claims unpaid December 31 2 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 14410 00 4000 00 44065 87 INTERSOUTHERN LIFE INSURANCE COMPANY OF LOUISVILLE KENTUCKY James R Duffin President George G Summers Secretary ICapital Stock 1 Amount of capital paid up in cash 485423 22 2 Amount of leder assets as per balance December 31 of previous year 635826 73 3 Increase of capital during the year 63044 32 4 Extended at 698871 05 IIIncome 5 First years premiums on original policies without deduction for commissions ot other expenses less 270172 for first years reinsurance 140431 90 12 Total new premiums 140431 90 13 Renewal premiums without deductions for commissions or other expenses less 86768 for reinsurance on renewals 42048 01 14 Premium reduction applied to pay re newal premiums 177 23 18 Total renewal premiums 42225 24 19 Total premium income 182657 14 23 Gross interest on mortgage loans 1544 25 24 Gross interest on collateral loans 2736 10 25 Gross interest on bonds and dividends on stocks I053 53 26 Gross interest on premium notes policy loans or liens 345 28 29 Bills receivable 253 62ComptrollebGenebals Repobt 597 30 On building funds 12651 95 32 Gross rent from companys property 1291 00 33 Total gross interest and rents 19875 73 34 From other sources Surplus from sale of companys stock 2028663 surplus from sale of building stock 22 15546 profit and loss 253310 total 44975 19 41 Gross profit on sale or maturity of ledger assets viz Bonds 8 30 43 Total income 247516 36 IIIDisbursements For death claims 30900 00 3 Net amount paid for death claims 30900 00 6 Surrender values paid in cash 1225 00 10 Premium reduction applied to pay renewal premiums 177 23 14 Total paid policyholders 32302 23 15 Expense of investigation and settlement of policy claims 30 30 16 Paid for claims on supplementary contracts not involving life contingencies 1 55 18 Paid stockholders for interest or dividends 24501 14 19 Commissions to agents less commission on reinsurance First years premiums 12425816 renewal premiums 65999 total 124918 15 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 6575 58 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 2258 09 23 Branch office expenses including salaries of managers and clerks not included in item 21 5028 09 24 Medical examiners fees 1450849 inspection of risks 335455 total 17863 04 24 Salaries medical department 3647 34 25 Salaries and all other compensation of officers directors trustees and home office employees 12628 74 26 Rent 2179 34 27 Advertising 574292 printing and stationery 4 79040 postage telegraph telephone and express 206499 exchange 22356 12821 87 28 Legal expense not included in item 15 448 27 29 Taxes on assets 5306 69 30 Repairs and expenses other than taxes on real estate 71 25 31 Taxes on real estate 853 33 32 State taxes on premiums 464 59598 ComptrollerGenerals Report 33 Insurance department licenses and fees 1543 20 34 All other licenses fees and taxes Municipal license 899 37 County fees Indiana 11 00 38 Other disbursements Commission on stock sales 18 26683 commission paid advisor boards 124334 general expense 156198 total 21072 15 46 Gross loss on sale or maturity of ledger assets viz Real estate 200 00 48 Total dsibursements 275625 31 IVLedger Assets 1 Book value of real estate 884541 45 2 Mortgage loans on real estate 23508 81 3 Loans secured by pledge of bonds stocks or other col lateral 8400 00 4 Loans made to policyholders on this companys policies assigned as collateral 4178 00 5 Premium notes on policies in force 837 24 6 Book value of bonds 480000 and stocks 4874000 53540 00 7 Cash in companys office 780 04 8 Deposits in trust companies and banks not on interest 7150 64 9 Deposits in trust companies and banks on interest 6915 18 10 Bills receivable 43428 agents balances debit 98 61146 credit 68010 net 9793136 98365 64 11 Furniture safes and fixtures 9735 76 Total 1097952 76 11 Less credit items see schedule X 427190 66 12 Total ledger assets 670762 10 NonLedger Assets 13 Interest due 9015 and accrued 52359 on mortgages 613 74 14 Interest due 210000 and accrued 12871 on bonds and stocks 2228 71 16 Interest accrued on premium notes 4 60 17 Interest due 210000 on other assets 2100 00 21 Total interest and rents due and accrued 22 Market value of real estate over book value 25 Gross premiums due and unreported on policies in force Dec 31 1912 21942 37 4947 05 118958 55ComptrollerGenerals Report 599 26 Gross deferred premiums on policies in force Dec 31 1912 37174 36 27 Total 28 Deduct loading 59116 73 23506 22 29 Net amount of uncollected and deferred premiums 35610 51 35 Gross assets 830278 21 Deduct Assets Not Admitted 36 Companys stock loans on4 37 Furniture fixtures and safes 38 Agents debit balances gross 40 Bills receivable 43 Book value of ledger assets over market value viz Franklin Bank Stock 10000 loan on O S Bank Stock 7 00000 deposit in Owensboro Svgs Bk in liquidation 691518 total 1400 00 9735 76 98611 46 434 28 14015 18 124196 68 46 Admitted assets 706081 53 VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31st day of Dec 1912 as computed by the company on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on all policies 96865 00 Total 96865 00 6 Deduct net value of risks of this company reinsured in other solvent companies 2655 00 Total 7 Reserve to provide for disability benefits contained in life policies 8 Net reserve 12 Claims for death losses in process of ad justment or adjusted and not due 9900 00 94210 00 2500 00 17 Total policy claims 96710 00 9900 00600 ComptrollerGenerals Report 25 Salaries rents office expenses bills and accounts due or accrued 8632 00 26 Medical examiners fees 1672 00 39 All other liabilities Advisory Board Commissions 5675 77 41 Fund for Taxes 10000 00 42 Interest accrued on bldg bonds 7225 00 44 Capital stock 485423 22 45 Unassigned funds surplus 80843 54 46 Total 706081 53 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 285 200000 00 18 Policies on the lives of citizens of said State issued during the year 880 870500 00 19 Total 1165 1070500 00 20 Deduct ceased to be in force during the year 600 507000 00 21 Policies in force December 31 565 563500 00 23 Losses and claims incurred during year 3 1500 00 25 Losses and claims settled during the year 2 1000 00 26 Losses and claims unpaid December 31 1 500 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 14525 94 JEFFERSON STANDARD LIFE INSURANCE COMPANY OF RALEIGH NORTH CAROLINA G A Grimsley President C C Taylor Secretary Hon Wm A Wright Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 1016330 66 3 Increase of capital during the year 99980 00 4 Extended at 1116310 66ComptrollerGenerals Report 601 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 94959 for first years reinsurance 148303 47 11 Consideration for supplementary contracts involving life contingencies 2097 60 12 Total new premiums 150401 07 13 Renewal premiums without deductions for commissions or other expenses less 563761 for reinsurance on renewals 508143 08 14 Dividends applied to pay renewal prem iums 6043 93 18 Total renewal premiums 514187 01 19 Total premium income 664588 08 20 Consideration for supplementary contracts not involving life contingencies 10298 00 21 Dividends left with the company to accumulate at in terest 24 81 22 Ledger assets other than premiums received from other companies for assuming their risks 2423738 45 23 Gross interest on mortgage loans 58598 33 24 Gross interest on collateral loans 3379 58 25 Gross interest on bonds and dividends on stocks 13289 91 26 Gtoss interest on premium notes policy loans or liens 13849 16 27 Gross interest on deposits in trust com panies and banks 1577 23 32 Gross rent from companys property 273 15 33 Total gross interest and rents 90967 36 34 From other sources Loss and gain 2179 13 43 Total income 4308106 49 IIIDisbursements 1 For death claims less 1416700 reinsur ance 139135 90 additions 16794 total 139303 84 3 Net amount paid for losses and matured endowments 139303 84 4 For annuities involving life contingencies 3912 50602 ComptrollerGenerals Eeport 5 Premium notes and liens voided by lapse 2600 76 6 Surrender values paid in cash or applied in liquidation of loans or notes 42675 89 10 Dividends applied to pay renewal premiums 6043 93 13 Dividends left with the company to accumulate at in terest 24 81 14 Total paid policyholders 194561 73 16 Paid for claims on supplementary contracts not involving life contingencies including health 3500 disability 65000 total 1916 30 19 Commissions to agents less commission on reinsurance First years premiums 9538433 renewal premiums 2545749 total 120841 82 21 Compensation of managers and agents not paid by com mission for service in obtaining new insurance 3181 04 23 Branch office expenses including salaries of managers and clerks not included in item 21 2379 71 24 Medical examiners fees 1525863 inspection of risks 280431 total 18062 94 25 Salaries and all other compensation of officers directors trustees and home office employees 29038 21 26 Bent 4225 29 27 Advertising 425448 printing and stationery 474936 postage telegraph telephone and express 466591 exchange 6561 total 13735 46 28 Legal expense not included in item 15 411 85 32 State taxes on premiums 1478 25 33 Insurance department licenses and fees 2756 21 34 All other licenses fees and taxes Federal corporation tax 73617 state corporation tax 635000 paid for Greensboro Life Ins Co 10020000 total 107286 17 38 Other disbursements Traveling expense officers and directors 730027 traveling expenses advanced not accounted for 33590 sundries 66847 Greensboro Life Adjustment acct 88225 See Lifes Ann ad justment aect 973281 accrued interest on assets of Greensboro Life 1154291 total 30462 61 48 Total disbursements 530337 59 1 VLedger Assets 1 Book value of real estate 44714 60 2 Mortgage loans on real estate 2257140 80 3 Loans secured by pledge of bonds stocks or other col lateral 331964 56 4 Loans made to policyholders on this companys policies assigned as collateral 517253 65ComptrollerGenerals Report 603 5 Premium notes liens on policies in force 6 Book value of bonds 13303012 and stocks 2721000 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Bills receivable 1017806 agents balances credit 11 Furniture and Fixtures 12 Total ledger assets NonLedger Assets 13 Interest due 891172 and accrued 29 81737 on mortgages 14 Interest accrued on bonds 15 Interest accrued 101474 on collateral loans 16 Interest accrued on premium notes policy loans or liens 18 Certificates of deposit 20 Rents accrued in companys property or lease 106901 11 160240 12 4116 74 14778 84 125287 65 62739 59 9450 20 3777768 90 38729 09 1922 92 1958 54 4965 56 1245 11 180 00 21 Total interest and rents due and accrued 22 Market value of real estate over book value 24 Due from other companies for losses or claims on policies of this company reinsured 25 Gross premiums due and unreported on policies in force Dec 31 1912 78406 41 26 Gross deferred premiums on policies in force Dec 31 1912 46742 06 49001 22 8976 16 10750 00 27 Totals 115148 47 28 Deduct loading 21204 01 29 Net amount of uneollected and deferred premiums 93944 46 35 Gross assets 3940440 74 Deduct Assets Not Admitted 37 Furniture fixtures and safes 38 Agents debit balances 40 Bills receivable 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 9450 20 62739 57 10178 06 11881 00 94248 83 46 Admitted assets 3846191 91604 ComptrollerGenerals Report VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31st day of Dee 1912 as computed by the Actuary on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on Sec Life N P D D business Greensboro Life Regular old N P and all term reg life on Southern Carolina Life and conservative life 1410260 00 Same for reversionary additions 850 00 2 American Experience table at 3 per cent on Sec Life A D all Jefferson Southern Endts Carolina Life Pref Divs 573866 00 3 American Experience table at 4 per cent on Greensboro Life all forms not in cluded above 806584 00 Same for reversionary additions 1723 00 4 Other tables and rates viz American 3 per cent Southern Life Double Indem nity 17649 00 5 Net present value of annuities 15964 00 Total 2825173 00 7 Reserve to provide for health and accident and disability benefits contained in life policies 7987 00 8 Net reserve paid for basis 2832265 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 51222 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded total and permanant disability installment 7037 00 12 Claims for death losses in process of ad justment or adjusted and not due 33582 46 13 Claims for death losses incurred for which no proofs have been received 25280 00 17 Total policy claims 58862 46 18 Due and unpaid on supplementary contracts not involv ing life contingencies 250 00 19 Dividends left with the company to accumulate at interest and accrued interest thereon 232 86 20 Premiums paid in advance including surrender values so applied 2716 41 ComptrollerGenerals Report 605 21 Unearned interest and Tent paid in advance 8064 46 22 Commissions due to agents on premium notes when paid 351 51 23 Commissions to agents due or accrued 1151 91 25 Salaries rents office expenses bills and accounts due or accrued 1193 79 26 Medical examiners fees 156750 and legal fees 100000 due or accrued 2567 50 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 5085 76 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 12000 00 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 1500 00 35 Reserve special or surplus funds not included above Annuity fund 190686 44 38 Balance due Greensboro Life acct Reinsurance 7413 28 43 Total 3182600 38 44 Capital stock 349980 00 45 Unassigned funds surplus 313611 53 46 Total 3846191 91 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in No Amount force December 31 of previous year 1099 1610369 00 17 Reinsured 1244 2227256 00 18 Policies on the lives of citizens of said State issued during the year 624 990980 00 19 Total 2967 4828605 00 20 Deduct ceased to be in force during the year 562 911506 00 21 Policies in force December 31 2405 3917099 00 23 Losses and claims incurred during year 20 25259 68 25 Losses and claims settled during the year in cash 2187722 by compromise 30000 17 22177 22 26 Losses and claims unpaid December 31 3 3082 46 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 84169 23 606 ComptrollerGenerals Eepoet LIFE INSURANCE COMPANY OF VIRGINIA RICHMOND VA J G Walker President Algie S Hurt Secretary L Z Eosser and Morris Brandon Attorneys for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous year 7116139 76 4 Extended at 7116139 76 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 94955 for first years reinsurance 6 Surrender values applied to pay first years premiums 497796 43 322 08 7 Total first years premiums on original policies 498118 51 8 Dividends applied to purchase paidup additions and annuities 734 05 9 Surrender values applied to purchase paid up insurance and annuities 39237 46 11 Consideration for supplementary contracts involving life contingencies 343 30 12 Total new premiums 538433 32 13 Renewal premiums without deductions for commissions or other expenses less 301544 for reinsurance on renewals 2578863 64 14 Dividends applied to pay renewal prem iums 1996 81 16 Surrender values applied to pay renewal premiums 75 34 18 Total renewal premiums 2580935 79 19 Total premium income 3119369 11 23 Gross interest on mortgage loans less 3 00258 accrued interest on mortgages acquired during 1912 327046 52 24 Gross interest on collateral loans 1265 00ComptrollerGeneral s Report 607 25 Gross interest on bonds and dividends on stocks less 86805 accrued interest on bonds acquired during 1912 32885 69 26 Gross interest on premium notes policy loans or liens 14030 14 27 Gross interest on deposits in trust com panies and banks 13496 01 32 Gross rent from companys property in eluding 2080000 for companys occu pancy of its own buildings 20860 00 33 Total gross interest and rents 409683 36 34 From other sources Agents cash bonds 825 00 36 Unclaimed deposits on Ind applications 890 02 41 Gross profit on sale or maturity of ledger assets viz Real estate mortgage loans 445 00 Bonds 1475 00 Stocks 1920 00 43 Total income 3532687 49 IIIDisbursements 1 For death claims 966937 08 2 For matured endowments 689414 ad ditions 15155 total 7045 69 3 Net amount paid for losses and matured endowments 973982 77 4 For annuities involving life contingencies 300 60 6 Surrender values paid in cash or applied in liquidation of loans or notes 47382 07 7 Surrender values applied to pay new premiums 32208 to pay renewal premiums 7534 total 397 42 8 Surrender values applied to purchase paidup insurance and annuities 39237 46 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 63116 23 10 Dividends applied to pay renewal premiums 1996 81 11 For adjustment of policy contracts 414 20 12 Dividends applied to purchase paidup additions and an nuities 734 05 14 Total paid policyholders 1127561 61 15 Expense of investigation and settlement of policy claims including 283521 for legal expenses 3396 97 16 Paid for claims on supplementary contracts not involv ing life contingencies 1000 00 18 Paid stockholders for interest or dividends 72000 00608 ComptrollerGenerals Eeport 19 Commissions to agents less commission on reinsurance First years premiums 20359350 renewal premiums 332317 25 total 535910 75 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 20562 54 23 Branch office expenses including salaries of managers and clerks not included in item 21 250320 38 24 Medical examiners fees 5489863 inspection of risks 138150 total 56280 13 25 Salaries and all other compensation of officers directors trustees and home office employees 173827 91 26 Eent including 2080000 for companys occupancy of its own buildings less 800 received under sublease 45146 50 27 Advertising 2079361 printing and stationery 17 50587 postage telegraph telephone and express 688027 45179 75 28 Legal expense not included in item 15 9752 23 29 Furniture fixtures and safes 14691 02 30 Repairs and expenses other than taxes on real estate 2611 58 31 Taxes on real estate 4345 72 32 State taxes on premiums 40217 08 33 Insurance department licenses and fees 333 00 34 All other licenses fees and taxes Federal corporation tax 98565 state license franchise and per prop taxes 1929306 municipal licenses and prem taxes 10 56205 total 30840 76 38 Other disbursements General expenses home office 15 91780 traveling expenses home office 353538 agencies cash bonds 135000 deposits on Ind appl refunded 505 profit and loss 5614 total 20864 37 46 Gross loss on sale or maturity of ledger assets viz Real estate 997 62 47 Gross decrease by adjustment in book value of ledger assets viz Bonds including 41088 for amortization of premium mortgage 23742 648 30 48 Total disbursements 2456488 62 TVLedger Assets 1 Book value of real estate 443752 03 2 Mortgage loans on real estate first liens 6299473 97 3 Loans secured by pledge of bonds stocks or other col lateral 22350 00 4 Loans made to policyholders on this companys policies assigned as collateral 241240 74 5 Premium notes on policies in force of which 95675 is for first years premiums 2918 50ComptrollerGenerals Report 609 Book value of bonds 72654328 and stocks 39 27500 total Cash in companys office Deposits in trust companies and banks not on interest Deposits in trust companies and banks on interest 13 Tentonia Bank Trust Co 765818 28 12682 43 11445 04 392516 05 141 59 12 Total ledger assets 8192338 63 NonLedger Assets 13 Interest due 353675 and accrued 90 37672 on mortgages 14 Interest accrued on bonds 15 Interest due 7903 and accrued 6216 on collateral loans 16 Interest due on premium notes 13231 50 141 19 1708 56 21 Total interest and rents due and accrued 22 Market value of real estate over book value 23 Market value not including interest in item 14 of bonds and stocks over book value 24 Due from other companies for losses or claims on poli cies of this company reinsured 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 26 Gross deferred premiums on policies in force December 31 1912 less reinsurance premiums 93913 47 108994 72 43893 41 21709 61 7943 00 50517 31 80208 15 27 Totals 28 Deduct loading 29 Net amount of uncollected and deferred premiums 30 All other assets viz Premium extension notes 130725 46 34338 69 96386 77 2990 60 35 Gross assets 8474256 74 Deduct Assets Not Admitted 46 Admitted assets 8474256 74 VLiabilities Surplus and Other Funds Net present value or all outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz L Actuaries table at 4 per cent 19822 20 Same for reversionary additions 19822 20610 CompteollebGeneeals Eepoet 2 American Experience table at 3 per cent Same for reversionary additions 3 American Experience table at 3 per cent Same for reversionary additions 4 Other tables and rates viz Standard Ind 3 per cent Extra premiums Same for reversionary additions 5 Net present value of annuities including those in reduction of premiums viz American 3 per cent 7157 76 12 93 23312 49 23312 49 14476 70 10 86 14487 56 11 03 Total 64803 97 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 7 Reserve to provide for health and accident benefits contained in life policies 14 19 64789 78 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 cancelled and not included in net reserve upon which a surrender value may be de manded 11 Claims for death losses due and unpaid not reported 12 Claims for death losses in process of ad justment or adjusted and not due 13 Claims for death losses incurred for which no proofs have been received 14 Claims for matured endowments due arfd unpaid 30000 00 12285 11 22079 75 1890 05 17 Total policy claims 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 22 Commissions due to agents on premium notes when paid 23 Commissions to agents due or accrued 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners and legal fees 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 64789 78 64 30 329 17 66254 91 51091 94 3952 16 266 12 9045 23 9199 53 3970 57 30594 02ComptrollerGenerals Report 6ll 30 Unpaid dividends to stockholders 10 000 00 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 9 279 66 32 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 939 20 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 104675 44 34 Amounts set apart apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not in cluded in item 33 225000 00 35 Reserve special or surplus funds not included above Amount set apart for additional dealh benefits 12846 59 39 All other liabilities viz Agents cash bonds 975 00 41 Mortgages on real estate owned 25 208 33 42 Unclaimed deposits on Ind applications 1002 65 44 Capital stock 400000 00 45 Unassigned funds surplus j 081 630 39 46 Total 8474256 74 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force December 31 of previous year 45221 56 18 Policies on the lives of citizens of said State issued during the year 26319 96 19 Total 71541 52 20 Deduct ceased to be in force during the year 19255 10 21 Policies in force December 31 52 286 42 22 Losses and claims unpaid December 31 of previous year 142 10 23 Losses and claims incurred during year 53 446 30 24 Total 535g8 40 25 Losses and claims settled during the year in cash 51217 30 26 Losses and claims unpaid December 31 2 371 10 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 203282 65612 ComptrollerGenerals Eeport MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Morris W Torrey President Melvin De Mott Secretary Home Office 64 66 68 and 70 Broadway New York N Y Marshal B Young 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 21268120 54 4 Extended at 21268120 4 IIIncome 5 First years premiums on original policies without deduction for commission or other expenses less 467943 for first years reinsurance lo9474 to 6 Surrender values applied to pay first years premiums 2416 35 7 Total first years premiums on original policies 161891 13 8 Dividends applied to purchase paidup additions and 6218 19 annuities 10 Consideration for original annuities involving life con tingencies 2994 68 11 Consideration for supplementary contracts involving life contingencies 417 17 12 Total new premiums 18 Renewal premiums without deduction for commissions or other expenses less 22 84942 for reinsurance on renewals 1890316 96 14 Dividends applied to pay renewal pre miums 63854 40 16 Surrender values applied to pay renewal premiums 1556 91 175283 17 1 Qt 7S 7 18 Total renewal premiums iwooiso a 19 Total premium income 2131011 44 20 Consideration for supplementary contracts not involv ing life contingencies 21 Dividends left with the company to accumulate at in terest 204775 11550 00 ComptrollerGeneral s Report 613 23 Gross interest on mortgage loans 402928 22 25 Gross interest on bonds and dividends on stocks less 136597 accrued interest on bonds acquired during 1912 171095 70 26 Gross interest on premium notes policy loans or liens 191987 77 27 Gross interest on deposits intrust companies and banks 9227 83 28 Gross interest on other debts due the company On agents balances 313007 on advances against first years commission repaid 20980 total 3339 87 32 Gross rent from companys property including 51 50000 for companys occupancy of its own buildings 262405 34 33 Total gross interest and rents 1040984 73 40 From agents balances previously charged off 27 32 41 Gross profit on sale or maturity of ledger assets viz Real estate 494575 bonds 462700 total 9572 75 42 Gross increase by adjustment in book value of ledger assets viz Bonds 3373 00 43 Total income 3198566 99 IIIDisbursements 1 For death claims less 1000000 reinsur ance 125171451 additions 3 61800 total 1255332 51 2 For matured endowments 148437 00 3 Net amount paid for losses and matured endowments 1403769 51 4 For annuities involving life contingencies 9102 02 5 Premium notes and liens voided by lapse less 1186201 restorations 7653 62 6 Surrender values paid in cash or applied in liquidation of loans or notes 415700 79 7 Surrender values applied to pay new premiums 2 41635 to pay renewal premiums 155691 total 3973 26 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 164578 98 10 Dividends applied to pay renewal premiums 63854 40 12 Dividends applied to purchase paidup additions and annuities 6218 19 13 Dividends left with the company to accumulate at in terest 2047 75 14 Total paid policyholders 2076898 52 15 Expense of investigation and settlement of policy claims 3 30 16 Paid for claims on supplementary contracts not involv ing life contingencies 5728 67614 ComptrollerGenerals Keport 17 Dividends and interest thereon held on deposit sur rendered during the year 572 58 18 Paid stockholders for interest or dividends 21000 00 19 Commissions to agents less commission on reinsurance First years premiums 7280191 renewal premiums 12202675 annuities original 12270 total 19495136 20 Commuted renewal commissions 400 00 22 Agency supervision and traveling expenses of super visors and agents except compensation for home office supervision 16597 37 23 Branch office expenses including salaries of managers and clerks not included in item 21 23928 36 24 Medical examiners fees 1082350 inspection of risks 451648 total 15339 98 25 Salaries and all other compensation of officers directors trustees and home office employees 104154 62 26 Rent including 5150000 for companys occupancy of its own buildings less 48605 received under sublease 66675 75 27 Advertising 565691 printing and stationery 6 07774 postage telegraph telephone and express 1004678 exchange 126034 total 2304177 28 Legal expense not included in item 15 12658 21 29 Furniture fixtures and safes 895 32 30 Repairs and expenses other than taxes on real estate 95780 51 31 Taxes on real estate 84294 47 32 State taxes on premiums 36297 51 33 Insurance department licenses and fees 2953 21 34 All other licenses fees and taxes viz Federal cor poration tax 447999 county and municipal licenses and taxes 91533 legal advertising 64935 total 6044 67 38 Other disbursements viz Expenses of examination 638942 expenses election of directors 10600 luncheons for employees 655106 travelling home office 97981 general expenses home office 548907 agency general expenses 73838 commission on real estate sales 75000 interest payments to policy holders 61883 premiums on life insurance policies to secure an agents indebtedness 31140 advertis ing in connection with bond and mortgage foreclosures 8285 excess rent paid in 1911 in error refunded in 1912 7500 total 22091 82 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 17500077 bonds in cluding 356550 for amortization of premiums 3 56550 total 178566 27 48 Total disbursements 2988874 27CompteollebGeneeal s Report 615 IVLedger Assets 1 Book value of real estate 5 279 785 71 2 Mortgage loans on real estate first liens 7985675 00 4 Loans made to policyholders on this companys policies assigned as collateral 3998336 49 5 Premium notes on policies in force of which 1072194 is for first years premiums 214043 88 6 Book value of bonds 347327425 and stocks 183 90125 total 3657175 50 7 Cash in companys office i 702 65 9 Deposits in trust companies and banks on interest 319826 77 10 Agents balances debit 2210859 credit 84133 net 21267 26 12 Total ledger assets 21477813 26 NonLedger Assets 13 Interest due 37500 and accrued 176 25541 on mortgages 14 Interest accrued on bonds 16 Interest due 15305664 and accrued 1038218 on premium notes policy loans or liens 17 Interest accrued on other assets viz Deposits Union Trust Co 82676 United States Trust Co 6250 Colum bia Knickerbocker Trust Co 3689 Guarantee Trust Co 104161 Me chanics Metals National Bank 10888 total 207864 20 Rents due 42987 and accrued 7 27999 on companys property or lease 11572 86 176630 41 52147 43 163438 82 21 Total interest and rents due and accrued 22 Market value of real estate over book value 25 26 Gross premiums due unreported on policies in force December 31 1912 less reinsurance premiums Gross deferred premiums on policies in force De cember 31 1912 less xeinsurancfe premiums New Business and Renewals 2526 15 143309 70 6437 00 64427 00 405868 16 78414 29 27 Totals 8963 15 207736 70 616 CompteolleeGeneeals Report 28 Deduct loading 21 per cent 1927 07 44663 39 29 Net amount of uncollected and deferred premiums 170109 39 35 Gross assets Deduct Assets Not Admitted 38 Agents debit balances gross 22108 59 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 43 Book value of ledger assets over market value 64901 25 22132205 10 111 83 46 Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the New York insurance department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued prior to January 1 1901 13167308 00 Same for reversionary additions 39802 00 2 American Experience table at 3 per cent on policies issued after January 1 1901 on nonparticipation plan 540415 00 3 American Experience table at 3 per cent on policies issued after January 1 1901 on participation plan 5996112 00 Same for reversionary additions 5689 00 5 Net present value of annuities including those in reduction of premiums viz Actuaries 4 per cent on annuities issued prior to January 1 1901 24929 00 American Experience 3 per cent on an nuities issued after January 1 1901 and prior to January 1 1907 42594 00 McClintocks 3y2 per cent on annuities issued after January 1 1907 25091 00 22045083 43 Total 19841940 00 6 Deduct net value of risks of this company reinsured in other solvent companies 108163 00 8 Net reserve paid for basis 19733777 00 IHBMComptrollerGenerals Eepokx 617 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 94993 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 3966 00 11 Claims for death losses due and unpaid 3788 58 12 Claims for death losses in process of ad justment or adjusted and not due 6658 00 13 Claims for death losses incurred for which no proofs have been received 41232 00 14 Claims for matured endowments due and unpaid 1220 59 15 Claims for death losses and other policy claims resisted by the company 39656 91 16 Due and unpaid on annuity claims involv ing life contingencies 349 90 17 Total policy claims 92905 98 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 6295 82 20 Premiums paid in advance including surrender values so applied 12114 32 21 Unearned interest and rent paid in advance 98609 59 22 Commissions due to agents on premium notes when paid 11723 34 23 Commissions to agents due or accrued 2028 00 25 Salaries rents office expenses bills and accounts due or accrued 6000 00 26 Medical examiners fees 1250 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 37000 00 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 25747 66 32 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 25813 36 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 70521 28 34 Amounts set apart apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not included in item 33 1396323 11618 ComptrollerGenerals Report 44 Capital stock 100000 00 45 Unassigned funds surplus 326014 97 46 Total 22045083 43 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force December 31 of previous year 3012006 00 18 Policies on the lives of citizens of said State issued during the year 404695 00 19 Total 3416701 00 20 Deduct ceased to be in force during the year 447639 00 21 Policies in force December 31 2969062 00 23 Losses and claims incurred during year 72842 00 24 Total 72842 00 25 Losses and claims settled during the year in cash 69192 00 26 Losses and claims unpaid December 31 3650 00 27 Premiums collected or secured in cash and notes or credits wtihout any deduction for losses dividends commissions or other expenses 84379 27 MARYLAND LITE INSURANCE COMPANY OF BALTIMORE MD Douglas H Rose 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 up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 3316596 46 4 Extended at 3316596 46 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 216776 for first years reinsurance 40924 83 6 Surrender values applied to pay first years premiums 166 73 7 Total first years premiums on original policies 41091 56CompteolleeGtenerals Eepoet 619 8 Dividends applied to purchase paidup ad ditions and annuities 1825 57 10 Consideration for original annuities involv ing life contingencies 1865 83 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 9 23937 for insurance on renewals 14 Dividends applied to pay renewal pre miums 18 Total renewal premiums 19 Total premium income 23 Gross interest on mortgage loans 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks less 35448 accrued interest on bonds acquired during 1912 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany viz On loan made to agents secured by renewals 32 Gross rent from companys property in cluding 450000 for companys occu pancy of its own buildings 251656 01 20380 71 12640 85 777 98 113139 31 20165 66 31 25 30 75 21189 16 33 Total gross interest and rents 34 From other sources viz Policies of reinsurance sur rendered 397322 fire insurance premiums refunded 2360 total 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Bonds 43 Total income IIIDisbursements 1 For death claims less 1400000 reinsur ance 14164042 additions 19654 total 141836 96 2 For matured endowments 13362000 ad ditions 129300 total 134913 00 44782 96 272036 72 316819 68 167974 96 3999 82 10 00 2351 40 491152 86 3 Net amount paid for losses and matured endowments 276749 96620 ComptrollerGenerals Eeport 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse 6 Surrender values paid in cash or applied in liquidation of loans or notes Returned premiums 7 Surrender values applied to pay renewal premiums 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 14 18 19 20 21 22 24 25 26 27 28 28 31 32 33 34 38 45 46 Total paid policyholders Paid stockholders for interest or dividends Commissions to agents less commission on reinsurance First years premiums 2009286 renewal premiums 1324612 total Commuted renewal commissions Compensation of managers and agents not paid by com mission for services in obtaining new insurance Agency supervision and traveling expenses of supervis ors except compensation for home office supervision Medical examiners fees 528978 inspection of risks 94068 total Salaries and all other compensation of officers directors trustees and home office employees Rent including 450000 for companys occupancy of its own buildings Advertising 108614 printing and stationery 4 03937 postage telegraph telephone and express 176506 exchange 6881 total Legal expense not included in item 15 Furniture fixtures and safes 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 Federal cor poration tax 77579 State municipal and county licenses 168528 municipal tax onpremiums 35037 on capital stock 88467 total Other disbursements viz Library bureau 129167 sundry expenses 1944954 total Agents balances charged off Gross loss on sale or maturity of ledger assets viz Bonds 6573 33 1193 70 73082 45 24 26 166 73 65267 66 20380 71 1825 57 445264 37 6000 00 33338 98 37 50 11207 79 3784 23 6230 46 22035 19 4677 00 6959 38 636 35 108 07 4887 94 4033 30 1971 30 1073 00 3696 11 3241 21 1967 59 1920 00ComptrollerGenerals Report 621 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 250000 bonds including 572116 for amortization of premium 572116 total 48 Total disbursements 8221 16 571290 93 IVLedger Assets 1 Book value of real estate 245000 00 2 Mortgage loans on real estate first liens 206350 00 3 Loans secured by pledge of bonds stocks or other col lateral 36000 00 4 Loans made to policyholders on this companys policies assigned as collateral 329666 t0 5 Premium notes and loans on policies in force of which 198501 is for first years premiums 19104 91 6 Book value of bonds 221141161 and stocks 89 76742 total 2301179 03 7 Cash in companys office 3548 94 8 Deposits in trust companies and banks not on interest 77938 96 9 Deposits in trust companies and banks on interest 830 85 10 Agents balances debit 365312 credit 103989 net 261323 The credit balance of 103989 in cludes 7816 ledger liabilities other than agents credit balances 2613 23 11 Deposit with Baltimore Equitable Society 20000 in terest in default on mortgage 2700 open account judgments and suspended accounts 1399947 total 14226 47 12 Total ledger assets 3236458 39 NonLedger Assets 13 Interest due 24900 and accrued 3 05188 on mortgages 3300 88 14 Interest accrued on bonds 13367 45 15 Interest accrued on collateral loans 81 20 16 Interest due 295057 and accrued 4 74479 on premium notes policy loans or liens 7695 36 17 Interest due 3164 and accrued 1 12420 on other assets viz On deposit in M T D Co 3164 on stocks 112420 total U55 84 20 Rents due on companys property or lease 200 01 21 Total interest and rents due and accrued 23 Market value of bonds and stocks 25800 74 27332 22 622 ComptrollerGenerals Report 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 17860 87 26 Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 19060 29 27 Totals 3692116 28 Deduct loading 9871 86 29 Net amount of uncollected and deferred premiums 27049 30 35 Gross assets 3316640 65 Deduct Assets Not Admitted 38 Agents debit balances gross 3653 12 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 575 00 43 Book value of ledger assets over market value viz Open accounts judgments and suspended accounts 13999 47 46 Admitted assets 3298413 06 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the in surance department of Maryland on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on business issued prior to January 1 1903 2011657 81 Same for reversionary additions 12874 42 2 American Experience table at 3 per cent on business issued subsequent to January 1 1903 685998 19 Same for reversionary additions 6224 14 5 Net present value of annuities including those in reduction of premiums viz Actuaries 4 per cent before Jan 1 1903 9350 22 American 3 per cent since Jan 1 1903 36050 67 Total 2762155 45 6 Deduct net value of risks of this eompany reinsured in other solvent companies 57999 18 8 Net reserve 2704156 27ComptbolleeGenebals Bepoet 623 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 76 17 11 Claims for death losses due and unpaid awaiting release 3600 12 13 Claims for death losses incurred for which no proofs have been received 9473 47 14 Claims for matured endowments due and unpaid unclaimed 3869 66 16 Due and unpaid on annuity claims involv ing life contingencies 30 74 17 Total policy claims 16973 99 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 105 34 20 Premiums paid in advance including surrender values so applied 324 92 21 Unearned interest and rent paid in advance 99 02 22 Commissions due to agents on premium notes when paid 1304 27 23 Commissions to agents due or accrued less agents credit balance etc 103989 deducted from agents balances 327 94 25 Salaries rents office expenses bills and accounts due or accrued 1761 32 26 Medical examiners fees 650 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 3000 00 31 Dividends or other profits due polieyholders including those contingent on payment of outstanding and de ferred premiums 13548 23 32 Dividends declared on or apportioned to annual divi dend policies payable to polieyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 2860 76 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 212036 22 44 Capital stock 100000 00 45 TTnassigned funds surplus 241188 61 46 Total 3298413 06 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force December 31 of previous year 843342 00624 ComptrollerGenerals Eeport 18 Policies on the lives of citizens of said state issued during the year Transferred during year 283562 00 2018 00 19 Total 20 Dedilct ceased to be in force during the year 21 Policies in force December 31 22 Losses and claims unpaid December 31 of previous year balance 23 Losses and claims incurred during year 24 Total 25 Losses and claims settled during the year in cash 26 Losses and claims unpaid December 31 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 3 105981 00 1022941 00 42 85 17930 35 17973 20 17530 35 442 85 32066 37 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY OF SPRINGFIELD MASSACHUSETTS Wm W MeClench President Wheeler H Hall Secretary Home Office 500 Main Street Springfield Massachusetts William T Harty Savannah Attorney for Service in Georgia ICapital Stock 2 Amount of leder assets as per Balance December 31 of previous year 63193432 98 4 Extended at 63193432 98 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 1229016 37 7 Total first years premiums on original policies 1229010 37 8 Dividends applied to purchase paidup ad ditions and annuities Id 1617 73 11 Consideration for supplementary contracts involving life contingencies 14547 04 12 Total new premiums 1345181 14 ComptrollerGenerals Report 625 13 Renewal premiums without deduction lor commissions or other expenses less 10654069 for reinsurance on renewals 7671894 69 14 Dividends applied to pay renewal pre miums 1236051 06 18 Total renewal premiums 8907945 75 179569 92 252944 16 574840 62 19182 35 19 Total premium income 10253126 89 20 Consideration for supplementary contracts not involv ing life contingencies 21 Dividends left with the company to accumulate at in terest 23 Gross interest on mortgage loans 1212923 76 25 Gross interest on bonds and dividends on stocks less 2324196 accrued interest on bonds acquired during 1912 1238384 04 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany viz Included in cost to change policies from one kind to another 10 78656 in connection with revival of policies 93604 8th and 9th dividends on Mt Hope cemetery stock 100000 sundry items 15029 less discount on premiums paid in advance 351305 total 31 Gross discount on claims paid in advance 32 Gross rent from companys property in cluding 4000000 for companys occu pancy of its own buildings 9359 84 50 37 69058 15 33 Total gross interest and rents 3123799 13 35 Commissions on mortgage loans in excess of loan agency expenses 36 Protest fees 37 7th dividend capital National Bank Guthrie Okla 42 Gross increase by adjustment in book value of ledger assets viz Bonds including 1261287 for accrual of discount 11104 41 14 79 49 12612 87 43 Total income 13833172 66626 ComptrollerGenerals Keport IIIDisbursements 1 For death claims less 6954600 reinsur ance 305651055 additions 31 82500 total 3088335 55 2 For matured endowments less 1000000 reinsurance 32197200 additions 1365500 total 335627 00 3 Net amount paid for losses and matured endowments 3423962 55 5 Premium notes and liens voided by lapse less 2140887 restorations 24737 01 6 Surrender values paid in cash or applied in liquidation of loans or notes 1127842 28 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 254077 37 10 Dividends applied to pay renewal premiums 1236051 06 12 Dividends applied to purchase paidup additions and annuities 101617 73 13 Dividends left with the company to accumulate at in terest 252944 16 14 Total paid policyholders 6421232 16 15 Expense of investigation and settlement of policy claims including 144298 for legal expense 1875 41 16 Paid for claims on supplementary contracts not involv ing life contingencies 103508 89 17 Dividends and interest thereon held on deposit surren dered during the year 107495 58 19 Commissions to agents less commission on reinsurance First years premiums 50430675 renewal premiums 52111459 total 1025421 34 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 24616 44 22 Agency supervision and traveling expenses of super visors except compensation for home office super vision 3644 71 23 Branch office expenses including salaries of managers and clerks not included in item 21 115360 80 24 Medical examiners fees 8036533 inspection of risks 1655465 total 96919 98 25 Salaries and all other compensation of officers directors trustees and home office employees 281539 03 26 Kent including 4000000 for companys occupancy of its own buildings less 6596 received under sublease 94188 13 27 Advertising 2848339 printing and stationery 51 61800 postage telegraph telephone and express 38 38107 exchange 55698 total 119039 44ComptrollerGeneral s Eeport 62 28 Legal expense not included in item 15 200 00 29 Furniture fixtures and safes 12120 85 30 Repairs and expenses other than taxes on real estate 27760 08 31 Taxes on real estate 17880 68 32 State taxes on premiums 115544 37 33 Insurance department licenses and fees 13924 64 34 All other licenses fees and taxes viz Federal cor poration tax 2530031 city licenses 262263 city premium taxes 7400 city and county personal taxes 27906 exeise taxes 4847960 miscellaneous 62310 total 77378 70 38 Other disbursements viz Home office and agency traveling 785218 surety bonds and publications 597699 shipping supplies and janitor service 2 70829 heat light and repairs 158379 miscella neous 825998 commissions on bonds and real estate purchased and sold 191875 refund on sale of real estate contract not completed 10000 protest fees 3035 taxes and expenses in connection with mort gage loans 40428 total 28834 61 46 Gross loss on sale or maturity of ledger assets viz Real estate 16800 00 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 140131 bonds including 4287406 for amortization of premium 4287406 total 44275 37 48 Total disbursements 8749561 21 IVLedger Assets 1 Book value of real estate 963000 00 2 Mortgage loans on real estate first liens 26146764 00 4 Loans made to policyholders on this companys policies assigned as collateral 9617916 10 5 Premium notes on policies in force 978025 94 6 Book value of bonds 2940318116 and stocks 555 22455 total 29958405 71 7 Cash in companys office 2929 64 8 Deposits in trust companies and banks not on interest 172936 96 9 Deposits in trust companies and banks on interest 437066 08 Total cash items 612932 68 12 Total ledger assets 68277044 43628 ComptrollerGenerals Eeport NonLedger Assets 13 Interest due 460560 and accrued 385 81385 on mortgages 14 Interest accrued on bonds 16 Interest due 2596599 and accrued 17678792 on premium notes policy loans or liens 17 Interest accrued on other assets viz Bank deposits 20 Rents accrued on companys property or lease 390419 45 439469 64 202753 91 417 77 50 42 21 Total interest and rents due and accrued 1033111 19 New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 15779 89 517060 34 26 Gross deferred premiums on policies in force De cember 3i 1912 less reinsurance premiums 127318 24 953478 03 27 Totals 143098 13 1470538 37 28 Deduct loading 23 33270 31 341900 17 29 Net amount of uncollected and deferred premiums 109827 82 1128638 20 1238466 02 35 Gross assets 70548621 64 Deduct Assets Not Admitted 43 Book value of ledger assets over market value viz Bonds and stocks 1022666 71 46 Admitted assets 69525954 93 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mor tality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued prior to Tammry 1 1901 35023647 00 Same for reversionary additions 1575006 00 Total 35398653 00 MComptrollerGenerals Report 629 2 American Experience table at 3 per cent on policies issued from January 1 1901 to September 30 1907 both inclusive except a few joint life policies included in number 3 18214725 00 Same for reversionary additions 208398 00 Total 18423120 00 3 American Experience table at 3 per cent on policies issued on and after October 1 1907 and joint life policies referred to in number 2 7775395 00 Same for reversionary additions 420088 00 Total 8195483 00 5 Net present value of annuities including those in reduction of premiums viz American Experience table and 3 per cent interest 30104 00 American Experience table and 3 per cent interest 9649 00 Actuaries table and 4 per cent interest 7745 00 Total 47498 00 Total 62064757 00 6 Deduct net value of risks of this company reinsured in other solvent companies 796158 00 8 Net reserve paid for basis 61268599 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 618594 24 12 Claims for death losses in process of ad justment or adjusted and not due 19072 00 13 Claims for death losses incurred for which no proofs have been received 275539 00 14 Claims for matured endowments due and unpaid 1864 00 15 Claims for death losses and other policy claims resisted by the company i490 14 17 Total policy claims 302965 14 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 1197231 95 20 Premiums paid in advance including surrender values so applied 57749 00 21 Unearned interest and rent paid in advance 1065 35630 ComptrollerGenerals Report 25 Salaries rents office expenses bills and accounts due or accrued 5966 61 26 Medical examiners fees due or accrued 21237 50 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 187006 45 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 90627 48 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 843172 26 43 Total 64594215 01 45 Unassigned funds surplus 4931739 92 46 Total 69525954 93 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 4441 9214483 00 18 Policies ont he lives of citizens of said State issued during the year 448 1095627 00 19 Total 4887 10310110 00 20 Deduct ceased to be in force during the year 172 470176 00 21 Policies in force December 31 4717 9839934 00 No Amount 22 Losses and claims unpaid December 31 of pre vious year 3 2601 00 23 Losses and claims incurred during year 41 119269 00 24 Total 44 121870 00 25 Losses and claims settled during the year in cash 40 116298 00 26 Losses and claims unpaid December 31 4 5572 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 346736 02 CoMPTROLLERGrENEBALs REPORT 631 MERIDIAN LIFE INSURANCE COMPANY OF INDIANAPOLIS IND Arthur Jordan President Thos J Owens Secretary Principal Office Meridian Life Bldg Indianapolis Indiana J E Wilhelm 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 1861463 23 4 Extended at 1861463 23 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 628965 for first years reinsurance 175845 02 7 Total first years premiums on original dividends 175845 02 12 Total new premiums 175845 02 13 Renewal premiums without deduction for commissions or other expenses less 5 68061 for reinsurance on renewals 336502 64 14 Dividends applied to pay renewal pre miums 0123 18 18 Total renewal premiums 19 Total premium income 20 Consideration for supplementary contracts not involving life contingencies 21 Dividends left with the company to accumulate at in terest 23 Gross interest on mortgage loans 51911 93 26 Gross interest on premium notes policy loans or liens 34528 41 32 Gross rent from companys property in cluding 480000 for companys occu pancy of its own buildings 21991 83 33 Total gross interest and rents 34 From other sources Premiums on loans and stock 9 67836 premium notes previously charged off 30155 Attorney fees 11300 total 345625 82 521470 84 24 85 9611 42 108432 17 10092 91 43 Total income 649632 19 632 ComptrollerGenerals Report IIIDisbursements 1 For death claims less 50000 reinsur ance 6610000 additions 795808 74058 08 3 Net amount paid for losses and matured endowments 74058 08 5 Premium notes and liens voided by lapse 69 53 6 Surrender values paid in cash or applied in liquidation of loans or notes 35176 36 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 2440 42 10 Dividends applied to pay renewal premiums 9123 18 14 Total paid policyholders 120867 57 15 Expense of investigation and settlement of policy claims 641 75 16 Paid for claims on supplementary contracts not involving life contingencies 175 00 18 Paid stockholders for interest or dividends 16000 00 19 Commissions to agents less commission on reinsurance First years premiums 15308968 renewal premiums 1095077 total 164040 45 21 Compensation of managers and agents not paid by com mission for servicesin obtaining new insurance 7295 83 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 6830 64 24 Medical examiners fees 1554450 inspection of risks 324303 total 18787 53 25 Salaries and all other compensation of officers directors trustees and home office employees 39656 33 26 Rent including 480000 for companys occupancy of its own buildings 5329 50 27 Advertising 100290 printing and stationery 314058 postage telegraph telephone and express 208976 exchange 1822 total 6251 46 28 Legal expense not included in item 15 3948 49 32 State taxes on premiums 5999 50 33 Insurance department license and fees 1970 03 34 All other licenses fes and taxes Federal corporation tax 36965 taxes county municipal and state 3 54700 total 3916 65 38 Other disbursements Miscellaneous expense 162391 building expense 283808 inspection of loans 15459 Interest on loans home office bldg 5 62500 Interest on dividends deposited 27732 heat ing expense 86416 total U383 06 Is Total disbursements 413099 79ComptrollerGenerals Report 633 IVLedger Assets 1 Book value of real estate 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 of which 1323 is for first years premiums 7 Cash in companys office 8 Deposits in trust companies and banks not on interest iO Agents balances debit 11 Furniture and fixtures 358289 07 1003976 95 659354 66 13 23 1489 20 60139 22 6163 46 8569 84 12 Total ledger assets 2097995 63 NonLedger Assets 13 15 20 21 24 25 26 27 28 29 31 32 35 Interest due 394552 and accrued 16 452 59 on mortgages 20398 11 Interest accrued on premium notes policy loans or liens 16081 04 lipnts due on companys property or lease 985 83 Total interest and rents due and accrued Due from other companies for losses or claims on policies of this company reinsured Gross premiums due and unreported on policies in force Dec 31 1912 131525 15 Gross deferred premiums on policies in force Dec 31 1912 5830 30 Total Deduct loading 137355 45 44815 68 Net amount of uncollected and deferred premiums Unearned fire premiums Supplies printing arid stationery 37464 98 5000 00 92539 77 439 78 2901 50 Gross assets 2236341 66 Deduct Assets Not Admitted 37 Supplies stationery printed matter 2 90150 furniture fixtures and safes 856984 38 Agents debit balances gross 11471 34 6163 46634 CompteollebGenebals Bepobt 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 13796 54 Total 3143134 46 Admitted assets 2204910 33 VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31st day of Dec 1912 ac computed by the Company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all policies issued prior to April 2 1906 except commuted premium policies 325205 03 2 American Experience table at 3 per cent on all commuted Premium policies and all other policies issued after April 2 1906 1299428 49 Total 1624633 52 6 Deduct net value of risks of this company reinsured in other solvent companies 8985 05 8 Net reserve 1615648 47 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2273 77 12 Claims for death losses in process of ad justment or adjusted and not due 13000 00 13 Claims for death losses incurred for which no proofs have been received 9500 00 15 Claims for death losses and other policy claims resisted by the company 9441 17 17 Total policy claims 31941 17 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 21330 84 20 Premiums paid in advance including surrender values so applied 1947 7 21 Unearned interest and rent paid in advance 2511 43 22 Commissions due to agents on premium notes when paid 3 97 25 Salaries rents office expenses bills and accounts due or accrued 1667 18 26 Medical examiners fees 1525 00 ComptrollerGenerals Eeport 635 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 39 All other liabilities Loan on home office bldg and ac crued interest 12546875 reinsurance premiums 521033 inspection fees 20675 total 44 Capital stock 45 Unassigned funds surplus 7183 82 1672 58 130885 83 200000 00 186370 89 46 Total 2204910 32 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force Dee 31 of previous year 1360 2561705 00 18 Policies on the lives of citizens of said State issued during the year 475 924789 00 19 Total 1835 3486494 00 20 Deduct ceased to be in force during the year 497 89l433 00 21 Policies in force December 31 1338 22 Losses and claims unpaid Dec 31 of previous year 1 23 Losses and claims incurred during year 7 2595061 00 1000 00 14000 00 24 Total 25 Losses and claims settled during the year in cash 950000 by compromise 240000 26 Losses and claims unpaid December 31 8 15000 00 11900 00 2000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 65605 51 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK N Y John R Hegeman President James S Roberts Secretary Home Office 1 Madison Avenue New York City N Y Alexander W Smith 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 year343802304 59 1 Extended at 343802304 59636 ComptrollerGenerals Eeport IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 363226 for first years reinsurance 533996 31 6 Surrender values applied to pay first years premiums 58058 88 7 Total first years premiums on original policies 5398020 19 8 Dividends applied to purchase paidup ad ditions and annuities 130965 65 10 Consideration for original annuities in volving life contingencies 219906 15 12 Total new premiums ordinary 5748891 99 13 Renewal premiums without deduction for commissions or other expenses less 1162916 for reinsurance on renewals 27139312 77 14 Dividends applied to pay renewal pre miums 1367388 90 16 Surrender values applied to pay renewal premiums 18883 14 18 Total renewal premiums ordinary 28525584 81 18a Total industrial premiums received including 3751 65352 bonuses applied in payment of premiums 28145 applied to shorten the premiumpaying period and 8305082 surrender values applied in payment of premiums 54826526 37 19 Total premium income 89101003 17 20 Consideration for supplementary contracts not involv ing life contingencies 21494 29 22 Ledger assets other than premiums received from other companies for assuming their risks 2000 00 23 Gross interest on mortgage loans less 623931 accrued interest on mortgages acquired during 1912 7873750 16 25 Gross interest on bonds and dividends on stocks less 28617158 accrued interest on bonds acquired during 1912 6934012 06 26 Gross interest on premium notes policy loans or liens 786906 39 27 Gross interest on deposits in trust com panies and banks 160782 83 29 Interest superintendents bank accounts 4812 83ComptrollerGenerals Report 637 30 Interest on deferred payments 20 64 31 Gross discount on claims paid in advance 111 13 32 Gross rent from companys property in cluding 74872245 for companys occu pancy of its own buildings 1512447 83 33 34 Total gross interest and rents 17272843 87 From other sources viz Agents deposits 7420782 tax refund 443664 dividends suspended 1302 conscience money 4600 fire insurance fund 25 67383 liquidation of unlisted assets 30000 arrears from property previously sold 3068 deposit account bond and mortgage interest and rents 6304167 total 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Bonds 986140 stocks 8205492 total 42 Gross increase by adjustment in book value of ledger assets viz Bonds including 12865528 for accrual of discount l2655 28 43 Total income 106786073 52 IILDisbursements 167749 66 410 93 91916 32 For death claims less 2000000 reinsur ance 2422939659 additions 15 73710 total 24245133 69 For matured endowments 164227702 additions 1420200 total 1656479 02 3 Net amount paid for losses and matured endowments 25901612 71 4 For annuities involving life contingencies 132103 09 5 Premium notes and liens voided by lapse 20393 84 6 Surrender values paid in cash or applied in liquidation of loans or ntes 2709198 19 7 Surrender values applied to pay new premiums 58 05888 to pay renewal premiums 1888314 to pay industrial premiums 8305082 total 159992 84 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 89287 92 Cash bonuses paid on nonparticipating industrial poli cies 155655993 10 Dividends applied to pay renewal premiums 1367388 90 Bonuses applied to pay renewal premiums on nonpar ticipating industrial policies 3751653 52 Bonuses applied to shorten the endowment or premium paying period on nonparticipating industrial policies 281 4d638 ComptbollebGenebals Eepoet 12 Dividends applied to purchase paidup additions and annuities 130965 65 Sick benefits on assumed policies 204 00 14 Total paid policyholders 35819644 04 15 Expense of investigation and settlement of policy claims including 2394389 for legal expense 28623 89 16 Paid for claims on supplementary contracts not involv ing life contingencies 16211 37 18 Paid stockholders for interest or dividends 140000 00 19 Commissions to agents less commission on reinsurance First years premiums 153927563 renewal pre miums 190462305 annuities original 391005 total 3447808 73 20 Commuted renewal commissions 100 00 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22352 34 21a Compensation in industrial department to superintend ents assistants and agents 12152123 23 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 125435 77 23 Branch office expenses including salaries of managers and clerks not included in item 21 932167 81 24 Medical examiners fees 68841629 inspection of risks 39914853 total 1087564 82 25 Salaries and all other compensation of officers directors trustees and home office employees 3566 in number 3464233 82 26 Bent including 74872245 for companys occupancy of its own buildings 1094741 64 27 Advertising 2211585 printing and stationery 256 04513 postage telegraph telephone and express 21520515 exchange 737218 total 500738 31 28 Legal expense not included in item 15 28525 71 29 Furniture fixtures and safes 63280 96 30 Bepairs and expenses other than taxes on real estate 502940 48 31 Taxes on real estate 275194 30 32 State taxes on premiums 1170619 99 33 Insurance department licenses and fees 5905 59 34 All other licenses fees and taxes viz Federal cor poration tax 19604845 municipal licenses 24 84922 agents licenses 737870 personal property tax 139284 mortgage tax 40000 customs tax 280330 all other 196366 total 234836 17 38 Other disbursements viz Expense of curative aid to sick industrial policyholders 45906414 sick dis abled and inactive agents and clerks 20440059 campaign against tuberculosis 1290411 medical attention for employees 47581 Metropolitan staffComptrollerGenerals Report 639 savings fund 11952161 general welfare work 50 18604 total 846552 30 Legislative expenses 975928 Association of Life In surance Presidents exclusive of amount to legislative and legal expenses 1327720 luncheon for home office employees 19097442 calendars for industrial policyholders 8840014 companys publications 13135236 examination by department and public accountants 368607 expenses in connection with annual election 2369940 loss account suspended banks 13036 deposit account interest and rents returned 2521883 suspense unclaimed checks paid 301716 agents shortage 131989 miscellaneous interest payments 1587145 home office expenses for details see schedule 22653365 total 733240 21 Law library 150636 circulating library for employees 205469 storage house expenses 84485 laundry 250708 typewriters calculating machines etc 2173610 expenses incident to investigation of in vestments 615700 death certificates 329892 surety bonds 342014 service medals 963275 pictures and frames 186505 conventions 65 47140 repairs to furniture and fixtures refrigera tion and pneumatic service supplies materials and labor for account of companys office 5943812 home office traveling expenses 2077624 sundry home office expenses 2782495 total 226533 65 45 Agents balances charged off 766 22 46 Gross loss on sale or maturity of ledger assets viz Bonds 31321 23 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 58752760 bonds in cluding 8153289 for amortization of premium 8153289 total 669060 49 48 Total disbursements 63393989 42 IVLedger Assets 1 Book value of real estate 23712354 17 2 Mortgage loans on real estate first liens 159609993 00 4 Loans made to policyholders on this companys policies assigned as collateral 19211958 08 5 Premium notes on policies in force 1044620 84 6 Book value of bonds 16968164844 and stocks 8 10277090 total 177784419 34 7 Cash in companys office 59263 73 640 ComptrollerGenerals Eeport 8 Deposits in trust companies and banks not on interest 72187 96 9 Deposits in trust companies and banks on interest 5531072 10 Total cash items 5662523 79 10 Agents balances debit 30691 20 11 Cash in transit 10095837 renting section inventory 2869990 advanced to superintendents and assistants to facilitate payment of death claims 705000 fire insurance premium advanced secured 112000 total 137828 27 12 Total ledger assets 387194388 69 NonLedger Assets 13 Interest due 7353241 and accrued 2 00457248 on mortgages 2078104 89 14 Interest due 545066 and accrued 2 54892997 on bonds total 2554380 63 16 Interest due 14446530 and accrued 35961020 on premium notes policy loans or liens 504075 50 20 Bents due 809937 and accrued 2 88574 on companys property or lease 10985 11 21 Total interest and rents due and accrued 5147546 13 New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 113605 39 1601218 83 26 Gross deferred premiums on policies in force De cember 31 1912 less re insurance premiums 954524 35 5568990 42 27 Totals 1068129 74 7170209 25 28 Deduct loading 213625 95 143404185 29 Net amount of uncollected and deferred premiums 854503 79 5736167 40 6590671 19 Industrial premiums due and unpaid less loading 1135607 66 35 Gross assets 400068213 67ComptrollerGenerals Report 641 Deduct Assets Not Admitted 38 Agents debit balances gross 30691 20 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 278757 71 43 Book value of ledger assets over market value viz Bonds not subject to amor tization 154036240 stocks 224 36115 total 1764723 55 44 Benting section inventory 28699 90 Total 2102872 36 46 Admitted assets 397965341 31 VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all issues up to January 1 1901 except as stated in la 122671033 00 Same for reversionary additions 91092 00 la Actuaries table doubled at 4 per cent on all issues special class policies up to January 1 1901 488891 00 Same for reversionary additions 150378 00 Total 123401394 00 2 American Experience table at 3 per cent on all issues from January 1 1901 to January 1 1913 except as stated below 153178940 00 Same for reversionary additions 312243 00 Total 153491183 00 3 American Experience table doubled at 3 per cent on all issues special class poli cies from January 1 1901 to January 1 1907 1780000 00 Same for reversionary additions 278926 00 Total 2058926 00642 ComptrollerGenerals Report 4 Other tables and rates viz Standard Industrial table 3 per cent from January 1 1906 46449073 00 Substandard Industrial table 3 per cent from January 1 1907 3265457 00 Intermediate tables 3V2 per cent from January 1 1907 16483783 00 Special class table 3 per cent from January 1 1907 2395869 00 Contingent waiver of premium in certain policies based on Hunters disability table at 3 per cent interest 6769 00 Total 68600951 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 76812 00 American table at 3 per cent 429194 00 MkjClintock s table at 3 per cent 575882 00 Total 1081888 00 Total 348634342 00 6 Deduct net value of risks of this company reinsured in other solvent Companies 127403 00 8 Net reserve paidfor basis 348506939 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 125457 00 10 Liability on policies cancelled and not included in net reaserve upon which a surrender value may be demanded 114527 93 11 Claims for death losses due and unpaid 13405 10 12 Claims for death losses in process of ad justment or adjusted and not due 139043 86 13 Claims for death losses incurred for which no proofs have been received 374317 18 14 Claims for matured endowments due and unpaid 29030 15 15 Claims for death losses and other policy claims resisted by the company 195295 30 17 Total policy claims 751091 59 18 Due and unpaid on supplementary contracts not involv ing life contingencies 24111 33CompteollebGeneeals Keport 043 20 Premiums paid in advance including surrender values so applied 1465872 48 21 Unearned interest and rent paid in advance 46347 49 23 Commissions to agents due or accrued 28123 34 25 Salaries rents office expenses bills and accounts due or accrued 115440 97 26 Medical examiners fees 16178664 and legal fees 1900000 due or accrued total 180786 C4 27 Eeserve for estimated amount hereafter payable for federal State and other taxes based upon the busi ness of the year of this statement 1525000 00 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 742823 29 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 1595751 38 Bonuses apportioned to nonparticipating industrial poli cies and payable in 1913 6281571 OQ 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 13436 26 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 405716 37 35 Eeserve special or surplus funds not included above 36 To cover death claims of which the company had no knowledge December 31 45000000 other possible items 15000000 total 600000 00 39 All other liabilities viz Fire insurance fund 93 58203 special trust company deposit Exchange Build ing Co mortgage loan 1343870 agents cash de posits in lieu of bonds 35679868 unclaimed checks etc 1961368 deposit account bond and mortgage interest and rent 6404190 total 547474 99 44 Capital stock 2000000 00 45 Unassigned funds surplus 32894870 25 46 Total397965341 31 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 7608 9028260 00644 CompteolleeGeneeals Eepoet 18 Policies on the lives of citizens of said state issued during the year 2136 2267743 00 19 Totai 9744 11296003 00 20 Deduct ceased to be in force during the year 1167 1292896 00 21 Policies in force December 31 8577 10003107 00 No Amount 22 Losses and claims unpaid December 31 of pre vious year 10 8516 00 23 Losses and claims incurred during year 92 78267 00 24 Total 12 86783 00 25 Losses and claims settled during the year in cash 91 74783 00 26 Losses and claims unpaid December 31 11 12000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses ordinary 618240 46 MICHIGAN MUTUAL LIFE INSURANCE COMPANY OF DETROIT MICHIGAN O E Looker President A P Moore Secretary Principal Office 150 Jefferson Ave Detroit Michigan Geo L Crandall Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 11370122 48 4 Extended at 11370122 48 IIIncome 5 First years premiums on original policies without deduction foT commissions or other expenses less 1081543 for first years reinsurance 193551 77 6 Surrejndei values applied to pay first years premiums 52 44 7 Total first years premiums on original policies 193604 21ComptrollerGeneraes Eepokt 45 8 Dividends applied to purchase paidup additions and annuities 5941 07 12 Total new premiums 199545 28 13 Renewal premiums without deduction for commissions or other expenses less 21 10850 for reinsurance on renewals 1266392 46 14 Dividends applied to pay renewal pre miums 7447 65 15 Dividends applied to shorten the endow ment or premiumpaying period 394 14 16 Surrender values applied to pay renewal premiums 281 79 18 Total renewal premiums 1274516 04 19 Total premium income 1474061 32 23 Gross interest on mortgage loans 483714 30 24 Gross interest on collateral loans 381 91 25 Gross interest on bonds 1500 00 26 Gross interest on premium notes policy loans or liens 97721 89 27 Gross interest on deposits in trust com panies and banks 4498 68 28 Gross interest on other debts due the com pany viz Advance made to agent 84 00 31 Gross discount on claims paid in advance 156 89 32 Gross rent from companys property 1083 15 33 Total gross interest and rents 589140 82 41 Gross profit on sale or maturity of ledger assets viz Real estate 965 51 43 Total income 2064 167 6j IIIDisbursements 1 For death claims less 2000000 reinsur ance 54807998 additions 405257 total 552132 55 2 For matured endowments less 203000 reinsurance 49588680 additions 481069 total 500697 49 3 Net amount paid for losses and matured endowments 1052830 04 5 Premium notes and liens voided by lapse less 2288 restorations 1969 75 6 Surrender values paid in cash or applied in liquidation of loans or notes 341755 42 646 ComptrollerGeneral s Eeport 7 Surrender values applied to pay new premiums 5244 to pay renewal premiums 28179 total 334 23 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 74990 60 10 Dividends applied to pay renewal premiums 7447 65 11 Dividends applied to shorten the endowment or premium paying period 12 Dividends applied to purchase paidup additions and annuities 5941 07 14 Total paid policyholders 1485662 90 15 Expense of investigation and settlement of policy claims including 158072 for legal expenses 1840 72 16 Paid for claims on supplementary contracts not involv ing life contingencies 9374 46 18 Paid stockholders for interest or dividends 25000 00 19 Commissions to agents less commission on reinsurance First years premiums 13037427 renewal premiums 7572106 total 206095 33 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 4000 00 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 16390 33 23 Branch office expenses including salaries of managers and clerks not included in item 21 31657 14 24 Medical examiners fees 1746350 inspection of risks 307042 total 20533 92 25 Salaries and all other compensation of officers directors trustees and home office employees 70690 8o 26 Rent including companvs occupancy of its own build ings H190 4 27 Advertising 404169 printing and stationery 792626 postage telegraph telephone and express 557476 exchange 61606 total 18158 80 28 Legal expense not included in item 15 4562 50 29 Furniture fixtures and safes 1657 38 30 Repairs and expenses other than taxes on real estate 3353 02 31 Taxes on real estate 185133 32 State taxes on premiums 20366 20 33 Insurance department licenses and fees 2391 28 34 All other licenses fees and taxes viz Federal cor poration tax 131218 local taxes city county and State 1833805 miscellaneous city licenses and taxes 76566 total 20415 89 38 Other disbursements viz Investment expenses 1 53283 subscriptions 23710 all other office ex45 ComptrollerGeneral s Report penses 492827 printing mortgage schedules 24800 total 617 0946 20 409 67 i 48 1962547 96 102254 31 9425 060 54 1 IVLedger Assets a Mortgage loans on real estate first liens lateral 100C0 00 4 Loans made to policyholders on this companys policies assigned as collateral 1638413 42 5 Premium notes on policies in force of which 16915 is for first years premiums 62321 41 6 Book value of bonds 25000 00 7 Cash in companys office 21990 20 9 Deposits in trust companies and banks on interest 183 723 33 10 Agents balances debit 517024 credit 19728 net 4972 96 12 Total ledger assets 11471742 17 NonLedger Assets 13 Interest due 959705 and accrued 123 37269 on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 16 Interest due 932522 and accrued 12 73609 on premium notes policy loans or liens 20 Eents accrued on companys property or lease 132969 74 250 00 119 18 22061 31 29 83 21 Total interest and rents due and accrued 22 Market value of real estate over book value 24 Due from other companies for losses or claims on poli cies of this company reinsured 25 Gross premiums due and nnreported on policies in force December 31 1912 less reinsurance premiums 26 Gross deferred premiums on policies in force December 31 1912 less reinsurance premiums 155430 08 4377 20 10000 00 70739 19 90294 16 27 Totals 101033 33 28 Deduct loading 35709 74 29 Net amount of uncollected and deferred premiums 35 Gross assets 125323 61648 ComptrollerGexerals Report Deduct Assets NotAdmitted 38 Agentsdebit balances gross 5170 24 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 1358 83 Total i 6521 07 46 Admitted assets 11760343 97 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the Michigan insurance department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued prior to 1903 7841702 00 Same for reversionary additions 128659 37 2 American Experience table at 3 per cent on policies issued from January 1 1903 and modified preliminary term from January 1 1908 2725294 00 3 American Experience table at 3 per cent on whole life and 20 payment life in stallment option participating from January 1 1903 57097 00 Total 10752752 37 6 Deduct net value of risks of this company reinsured in other solvent companies 77410 00 7 Reserve to provide for health and accident benefits contained in life policies 5 00 8 Net reserve 10675347 37 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 46064 70 13 Claims for death losses incurred for which no proofs have been received 62304 63 14 Claims for matured endowments due and unpaid 2105 19 15 Claims for death losses and other policy claims resisted by the company 1000 00 17 Total policy claims 65409 82CompteolleeGenekals Report 49 20 Premiums paid in advance including surrender values so applied 5883 69 21 Unearned interest and rent paid in advance 27132 63 22 Commissions due to agents on premium notes when paid 2449 12 25 Salaries rents office expenses bills and accounts due or accrued 4037 52 26 Medical examiners fees 183000 and legal fees 44500 total 2275 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 21111 86 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 1428 13 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 3997 86 39 All other liabilities viz Deposit account 493 63 44 Capital stock 250000 00 45 Unassigned funds surplus 654712 64 46 Total 11760343 97 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 993 1974633 83 18 Policies on the lives of citizens of said State issued during the year 162 303932 22 19 Total 1155 2278566 05 20 Deduct ceased to be in force during the year 165 392522 79 21 Policies in force December 31 990 1886043 26 23 Losses and claims incurred during year 16 25660 00 24 Total 16 25600 CO 25 Losses and claims settled during the year in cash 16 25660 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 53 094 2550 ComptrollerGenerals Report MISSOURI STATE LIFE INSURANCE CO OF ST LOUIS MO Edmund P Melson President H V Donnelly Asst Secretary Principal Office Fourth Floor Chemical Bldg St Louis Missouri Win 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 as per balance December 31 of previous year 2952117 40 4 Extended at 2952117 46 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 447626 for first years reinsurance Dividends applied to pay first years pre miums 6 Surrender values applied to pay first years premiums 330225 08 1170 11 324 71 7 Total first years premiums on original policies 8 Dividends applied to purchase paidup additions and annuities Dividends held on deposit and surrendered applied to purchase paid additions and annuities 9 Surrender values applied to purchase paidup insurance and annuities 11 Consideration for supplementary contracts involving life contingencies 12 Total new premiums 13 Eenewal premiums without deduction for commissions or other expenses less 13 74388 for reinsurance on renewals 14 Dividends applied to pay renewal prem iums 16 Surrender values applied to pay renewal premiums 860S98 89 7480 81 1524 66 331719 90 1655 94 L6 7 929 34 5147 62 339469 53 809904 36 18 Total renewal premiums 19 Total premium income 1209373 89ComptrollerGeneral s Report 651 20 Consideration for supplementary contracts not involving life contingencies 1522 00 21 Dividends left with the company to accumulate at interest 161131 23 Gross interest on mortgage loans less 3271 accrued interest on mortgages acquired during 1912 148254 52 25 Gross interest on bonds and dividends on stocks 1080 00 26 Gross interest on premium notes policy loans or liens 42089 34 27 Gross interest on deposits in trust companies and banks 4502 25 29 On bills receivable 473 25 30 On agents balances 3622 47 33 Total gross interest and rents 200021 83 34 From other sources Policy loans and liens restored by revival of policies 1043546 premiums on health riders to life policies 87195 premiums on accident Eiders to life policies 194392 surrender of total disability benefit 105718 sale of handy guides 510 bonus on mortgage loans paid off prior to maturity 56000 total 403176 97 40 From agents balances previously charged off 150 74 43 Total income 1427553 38 1 ITDisbursements 1 For death claims 21113963 additions 1610985 total i 2 For matured endowments 227249 48 47648 08 3 Net amount paid for losses and matured endowments 274897 56 4 For claims under total disability clause in life policies 3649 47 4 For annuities involving life contingencies 1342 37 4 For claims under health and accident policies to life policies 567 80 5 Premium notes and liens voided by lapse less 544905 restorations and 21507 paid but not restored 7708 84 6 Surrender values paid in cash or applied in liquidation of loans or notes 97466 12 7 Surrender values applied to pay new premiums 32471 to pay renewal premiums 152466 total 1849 37 8 Surrender values applied to purchase paidup insurance and annuities 929 34 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 1336 04 10 Dividends applied to pay renewal premiums 7480 81 12 Dividends applied to purchase paidup additions and an nuities 1655 94652 ComptrollerGenerals Report 13 Dividends left with the company to accumulate at in terest i611 31 14 Total paid polieyholders 413645 08 15 Expense of investigation and settlement of policy claims including 307961 for legal expenses 3270 68 16 Paid for claims on supplementary contracts not involving life contingencies 943 05 17 Dividends and interest thereon held on deposit surren dered during the year 18 Paid stockholders for interest or dividends 24000 00 19 Commissions to agents less commission on reinsurance First years premiums 22604212 renewal premiums 3806880 accident 14849 health 6039 total 264319 80 20 Commuted renewal commissions 9071 9 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 11866 41 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 75ol 14 23 Branch office expenses including salaries of managers and clerks not included in item 21 9304 86 24 Medical examiners fees 2015950 inspection of risks 652105 total 26680 55 25 Salaries and all other compensation of officers directors trustees and home office employees 47104 27 26Rent 800 00 27 Advertising 135463 printing and stationery 9 738 57 postage telegraph telephone and express 0 09732 exchange 76897 total 17959 49 28 Legal expense not included in item 15 1388 90 29 Furniture fixtures and safes 930 39 32 State taxes on premiums 13230 65 33 Insurance department licenses and fees 6028 93 34 All other licenses fees and taxes Federal corporation tax 97811 municipal licenses and taxes 1116661 other state licenses and taxes 157650 total 13721 22 38 Other disbursements Collection of Premiums 135512 incidental office expense 166446 investment ex penses 144946 total 449 04 45 Agents balances charged off 6616 64 48 Total disbursements 890134 94 IVLedger Assets 2 Mortgage loans on real estate first liens 2340056 66 4 Loans made to policyholders on this companys policies 758495 06 5 Premium notes on policies in force of which 11230 is for first years premiums 24221 12T ComptrollerGenerals Eeport 653 6 Book value of bonds 15050 00 7 Cash in companys office 16131 22 9 Deposits in trust companies and banks on interest 280733 90 10 Bills receivable 12898 10 agents balances debit 4511597 credit 316613 net 41949 84 total 54847 94 12 Total ledger assets 3489535 90 NonLedger Assets 13 Interest due 3198999 and accrued 93 40027 on mortgages 125390 26 14 Interest accrued on bonds 37 50 16 Interest accrued on premium notes policy loans or liens 7385 62 17 Interest accrued on other assets All on Bank Balances 392 72 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force December 31 1912 26 Gross deferred premiums on policies in force December 31 1912 27 Total 28 Deduct loading 133206 10 64789 31 65235 98 130025 29 23287 54 29 Net amount of uncoilected and deferred premiums 31 Office furniture fixtures safes supplies printed matter 106737 75 10000 00 35 Gross assets 3739479 75 Deduct Assets Not Admitted 37 Supplies stationery printed matter fur niture fixtures and safes 38 Commuted commissions agents debit balances gross 40 Loans on personal security endorsed or not bills receivable 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 43 Book value of ledger assets over market value viz City of Roanoke Va bonds par 1500000 book 1505000 market 1420000 total 10000 00 45115 97 12898 10 8616 89 850 00 46 Admitted assets 3661998 79654 ComptrollerGenerals Keport VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31 day of Dec 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all policies bearing numbers above 24000 1405881 00 Same for reversionary additions 473 00 2 American Experience table at 3 per cent on term policies and nonpartici pating life and endowment policies bearing numbers above 24000 and on all guaranteed paid up addition policies 501326 00 Same for reversionary additions 46771 00 3 American Experience table at 3 per cent on participating life and endowment policies bearing numbers above 24000 except guaranteed paid up addition policies 901090 00 Same for reversionary additions 1989 00 5 Net present value of annuities including those in reduction of premiums Actuaries Table at 4 per cent 55 69 American Experience Table at 3 per cent 1705 53 American Experience table at 3 per cent 3621 40 Total 2863812 62 6 Deduct net value of risks of this company reinsured in other solvent companies 13025 00 7 Eeserve to provide for health and accident benefits contained in life policies 7577 15 8 Net reserve 2858364 79 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 9683 54 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 2661 64 12 Claims for death losses in process of ad justment or adjusted and not due 26105 48 14 Claims for matured endowments due and unpaid 1000 00 15 Claims for death losses and other policy claimB resisted by the company 15399 34ComptrollebGenerals Eepoet 655 16 Claims under health and accident riders to life policies 65 00 17 Total policy claims 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 22 Commissions due to agents on premium notes when paid 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners fees 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 35 Reserve special or surplus funds not included above Extra premiums occupational Trust fund acet trust fund dividend policies 44 Capital stock 45 TJnassigned funds surplus 42569 82 2863 66 8536 52 12270 20 127188 4403 54 1860 00 15026 69 4368 07 14609 71 79802 16 881 46 3094 75 300000 00 299730 36 46 Total Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 18 Policies on the lives of citizens of said State issued during the year 19 Total 20 Deduct ceased to be in force during the year 21 Policies in force December 31 22 Losses and claims unpaid December 31 of previous year 23 Losses and claims incurred during the year 813773 00 142652 00 956425 00 281106 00 675319 00 1000 00 3000 00 24 Total 4000 00656 ComptrollerGenerals Keport 25 Losses and claims settled during the year 26 Losses and claims unpaid Dec 31 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 3000 00 1000 00 22687 46 THE MUTUAL BENEFIT LIFE INSURANCE COMPANY OF NEWARK NEW JERSEY Frederick Frelinghusen President J William Johnson Secretary Eobert L Foreman Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year142139080 45 4 Extended at 142139080 45 IIIncome 5 First years premiums on original policies without deduction for commissions or otheT expenses 2772354 74 6 Surrender values applied to pay first years premiums 9 03 i J 7 Total first years premiums on original policies 2782058 53 8 Dividends applied to purchase paidup additions and annuities 517250 13 10 Consideration for original annuities in volving life contingencies 68523 79 12 Total new premiums 3367832 45 13 Eenewal premiums without deductions for commissions or other expenses 16555118 07 14 Dividends applied to pay renewal prem iums 2267069 88 15 Dividends applied to shorten the endow ment or premiumpaying period 498043 05 16 Surrender values applied to pay renewal premiums 15143 70 17 Eenewal premiums for deferred annuities 16466 78 18 Total renewal premiums 19351841 48 19 Total premium income 22719673 93ComptrollerGeneral s Report 657 20 Consideration for supplementary contracts not involving life contingencies 23 Gross interest on mortgage loans 3524214 60 24 Gross interest on collateral loans 86425 50 25 Gross interest on bonds and dividends on stocks less 3121360 accrued interest on bonds acquired during 1912 1795629 26 26 Gross interest on premium notes policy loans or liens 1561081 52 27 Gross interest on deposits in trust com panies and banks 32423 41 29 Agents accounts 900 80 31 Gross discount on claims paid in advance 58 23 32 Gross rent from companys property 91582 98 592526 64 33 Total gross interest and rents 7092316 30 1150 00 19973 54 28090 62 34 From other sources Doubtful debt recovered 80000 exchange of coupon bonds for registered bonds of same issue 35000 total 41 Gross profit on sale or maturity of ledger assets viz Real estate 1817354 bonds 180000 total 42 Gross increase by adjustment in book value of ledger assets viz Bonds 43 Total income 30453731 03 IIIDisbursements 1 For death claims 726498505 additions 15370355 total 7418688 60 2 For matured endowments 1623141 03 additions 12180441 1744945 44 3 Net amount paid for losses and matured endowments 9163634 04 4 For annuities involving life contingencies 167385 09 5 Premium notes and liens voided by lapse 1983 57 6 Surrender values paid in cash or applied in liquidation of loans ot notes 3355239 19 7 Surrender values applied to pay new premiums 9 70379 to pay renewal premiums 1514370 24847 49 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 385514 42 Dividends applied to pay renewal premiums 2267069 88 Dividends applied to shorten the endowment or premium paying period 498043 05 Dividends applied to purchase paidup additions and annuities 517250 13 14 Total paid policyholders 16380966 86 10 11 12 658 ComptrollebGeneeals Kepoet 15 Expense of investigation and settlement of policy claims including 18901 for legal expenses 24 01 16 Paid for claims on supplementary contracts not involving life contingencies 312205 61 19 Commissions to agents less commission on reinsurance First years premiums 116546816 renewal prem iums 121374171 annuities original 238407 renewal 34301 total 2381937 55 20 Commuted renewal commissions 8800 00 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 680 19 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 49750 56 23 Agency expense including salaries of managers and clerks not included in item 21 22725 83 24 Medical examiners fees 16071500 inspection of risks 282091 total 163535 91 25 Salaries and all other compensation of officers directors trustees and home office employees 449683 93 26 Eent 79876 U 27 Advertising 2559683 printing and stationery 27 69000 postage telegraph telephone and express 52 70718 exchange 105994 01 28 Legal expense not included in item 15 47661 31 29 Furniture fixtures and safes 3258 04 30 Repairs and expenses other than taxes on real estate 25440 03 31 Taxes on real estate 53540 46 32 State taxes on premiums 251527 98 33 Insurance department licenses and fees 1876 00 34 All other licenses fees and taxes Federal corporation tax 61853 98 State county and municipal taxes 19379170 county and municipal licenses 795961 263605 29 38 Other disbursements Mortgage loan expense 42275 18 heat and light 1193809 restaurant 1994190 laundry and extra janitor services 197111 home office supplies 1933279 home office repairs 88918 detective services 34000 special street lighting assessment 10938 petty cash 105837 medieo acturial mortality investigation 292989 miscellane ous office expenses 178153 total 102567 42 45 Agents balances charged off 11732 25 45 Agents over remittances 1548S 5 46 Gross loss on sale or maturity of ledger assets viz Real estate 969 28 47 Gross decrease by adjustment in book value of ledger assets viz Eeal estate 3781875 bonds 132 83750 total 170656 25 48 Total disbursements 20925635 73I ComptrollerGenerals Eeport IVLedger Assets 659 1 Book value of real estate 2 757 168 77 2 Mortgage loans on real estate first liens 7590l444 58 3 Loans secured by pledge of bonds stocks or other to lateral 2000000 00 4 Loans made to policyholders on this companys policies assigned as collateral or secured by terms of policies 21633644 43 5 Premium notes on policies in force of which 528490 is for first years premiums 5950430 14 6 Book value of bonds 42 172 340 71 7 Gash in companys office g 33O jg 8 Deposits in trust companies and banks not on interest 108373 72 9 Deposits in trust companies and banks on interest 1110312 83 10 Agents balances debit 3303585 credit 4490546 28130 39 net 12 Total ledger assets 151670175 75 NonLedger Assets 13 Interest due 935309 and accrued 1 74635873 on mortgages 1755711 82 14 Interest accrued on bonds 16 Interest due 11623489 and accrued 67462635 on premium notes policy loans or liens 644090 92 790861 24 21 Total interest and rents due and accrued 3190663 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 872852 84 26 Gross deferred premiums on policies in force December 31 1912 less rein surance premiums 1575348 69 27 Totals 2448201 53 28 Deduct loading 20 per cent 489640 31 29 Net amount of uncollected and deferred premiums 1958561 22 35 Gross assets 156819400 95 Deduct Assets Not Admitted 38 Agents debit balances gross 33035 85660 CompteollebGeneeals Repobt 43 Book value of ledger assets over market value viz Bonds 130650 67 Total 163686 52 46 Admitted assets 156655714 43 VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31st day of December 1912 as computed by the New Jersey insurance department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on partici pating policies issued prior to January 1 1900 including special allowance for surrender values guaranteed toy the company on the American 3y2 per cent basis 62367484 00 Same for reversionary additions 40o822 00 66425756 00 Total 3 American Experience table at 3 per cent on all policies issued since December 31 1899 and on all nonparticipating policies 72353047 0 Same for reversionary additions 1091754 00 Total 7344480100 5 Net present value of annuities including those in reduction of premiums viz McClintock 3 per cent 1996689 00 VT 141867246 00 8 Net reserve v 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2170337 69 12 Claims for death losses in process of ad justment or adjusted and not due 151335 63 13 Claims for death losses incurred for which no proofs have been received esti mated 400000 00 14 Claims for matured endowments due and unpaid 44498 00ComptrollerGenerals Report 661 15 Claims for death losses and other policy claims resisted by the company 22500 00 17 Total policy claims 618333 63 20 Premiums paid in advance including surrender values so applied 74456 01 21 Unearned interest and rent paid in advance 782 79 23 Commissions to agents due or accrued 10223 75 24 Cost of collection on uncollected and deferred pre miums in excess of the loading thereon 54462 11 25 Salaries rents office expenses bills and accounts due or accrued estimated 50000 00 26 Medical examiners fees 39901 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 580000 00 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 496652 88 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise Regular dividend 403417487 special dividend 86702578 total 4901200 65 35 Eeserve special or surplus funds not included above Contingency reserve funds Suspended mortality fund 301747100 dividend equalization fund 333 17404 security fluctuation and real estate deprecia tion fund 244147288 total 5792117 92 46 Total156655714 43 Business in the State of Georgia During the Year Xo Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 7384 15090389 00 18 Policies on the lives of citizens of said State issued during the year 069 2572844 00 19 Total 8453 17663233 00 20 Deduct ceased to be in force during the year 519 1077546 00 21 Policies in force December 31 7934 16585687 00 23 Losses and claims incurred during year 86 283718 00 24 Total 86 283718 00 662 ComptrollerGenerals Report 25 Losses and claims settled during the year in cash 84 26 Losses and claims unpaid December 31 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends eommis sions or other expenses 267218 00 16500 00 540282 12 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK N Y Charles A Peabody President Wm J Easton Wm Frederick Secys Home Office 34 Nassau Street New York City N Y Robert F Shedden Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year569480216 23 4 Extended at 569480216 23 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 17301 09 for first years reinsurance 5416416 57 6 Surrender values applied to pay first years premiums 46598 05 7 Total first years premiums on original policies 5463014 62 8 Dividends applied to purchase paidup adoptions and annuities 2002987 68 10 Consideration for original annuities in volving life contingencies 853491 67 11 Consideration for supplementary contracts involving life contingencies 1056745 21 12 Total new premiums 9376239 18 13 Benewal premiums without deductions for commissions or other expenses less 10979265 for insurance on renewals 43983226 49 14 Dividends applied to pay renewal prem iums 2959126 22ComptrollerGenerals Report 663 10 Surrender values applied to pay renewal premiums 417425 52 17 Renewal premiums for deferred annuities 11014 58 18 Total renewal premiums 47370792 81 19 Total premium income 56747031 99 20 Consideration for supplementary contracts not involving life contingencies 431514 08 21 Dividends left with the company to accumulate at interest 85113 29 23 Gross interest on mortgage loans 6534105 68 25 Gross interest on bonds and dividends on stocks less 16001232 accrued interest on bonds acquired during 1912 14412605 66 26 Gross interest on premium notes policy loans or liens 3905306 59 27 Gross interest on deposits in trust com panies and banks 132700 85 28 Gross interest on other debts due the com pany Interest on deferred premiums overdue premiums and interest 120 52022 interest on real estate contracts 442514 total 124945 36 32 Gross rent from companys property in cluding 32992381 for companys occu pancy of its own buildings 1546085 11 33 Total gross interest and rents 26655749 25 34 From other sources viz Collections or deposits re ceived for account of others not paid out 83676 72 37 Conscience money 101 00 38 Policy fees 2716 28 39 Premium extension fees 29705 49 Total 32522 77 40 Prom agents balances previously charged off 12802 08 41 Gross profit on sale or maturity of ledger assets viz Real estate 808301 bonds 107326295 stocks 102921369 total 2110559 65 42 Gross increase by adjustment in book value of ledger assets viz Bonds 287543 91 43 Total income 86446513 74664 ComptkollekGenerads Eepoet IIIDisbursements 1 For death claims less 12000000 rein surance 2145028420 additions 1 20068374 total 22650967 94 2 For matured endowments 842388139 additions 472200 total 8466603 39 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay new premiums 46 59805 to pay renewal premiums 41742552 total 9 Dividends paid to polieyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 13 Dividends left with the company to accumulate at in terest 31117571 33 2677900 10 11365161 72 464023 57 85113 29 16 17 19 14 Total paid polieyholders 15 Expense of investigation and settlement of policy claims including 4071023 for legal expenses Paid for claims on supplementary contracts not involving life contingencies Dividends and interest thereon held on deposit surren dered during the year Commissions to agents less commission on reinsurance First years premiums 239092321 renewal pre miums 137608751 annuities original 4008699 renewal 9852 total 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks not included in item 21 24 Medical examiners fees 36062382 inspection of risks 6563085 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Kent including 32992381 for companys occupancy of its own buildings less 320276 received under sub lease 27 Advertising 5748746 printing and stationery 146 25618 postage telegraph telephone and express 21845293 exchange 3412988 total 52207 35 316393 10 18158 89 211039 76 760866 89 805458 56 426254 67 1346098 06 5301723 41 456326 45ComptrollerGexerals Report 665 28 Legal expense not included in item 15 2468611 legis lative 641068 total 29 Furniture fixtures and safes including repair and main tenance 30 Repairs and expenses other than taxes on real estate 31 Taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes viz Federal cor poration tax 23318785 local tax on premiums 3 69810 personal property school levee and publica tion taxes in U S 8143348 stock transfer tax 56740 foreign taxes other than on premiums 31 34436 foreign tax on investments 194152 duty 136122 total 38 Other disbursements viz Other investment expenses 594509 traveling general office employees 96 01488 law library 297158 cost of election and election lists 1629753 general audit 784125 office supplies and expenses home office 1998165 cost state examination 1682807 reports to govmts 287367 association memberships 1681242 fire mens relief fund 1000000 payments from deposits on account of pending insurance 1679126 disbursed from amounts held for account of sundry parties 52 79079 loss on account of bank suspension 2034 loss on account of cost shortage 776 total 45 Agents balances charged off 46 Gross loss on sale or maturity of ledger assets viz Real estate 181260 stocks 6152774 total 47 Gross decrease by adjustment in book value of ledger assets viz Bonds including 12571922 for amorti zation of premium 31096 79 48334 98 401922 91 371607 20 657887 20 30506 44 273533 93 265176 29 40713 27 63340 34 125719 22 48 Total disbursements 7 g 098 91 IVLedger Assets 1 Book value of real estate 23 532 623 87 2 Mortgage loans on real estate first liens 139 691 244 47 4 Loans made to policyholders on this companys policies assigned as collateral 80059863 76 6 Book value of bonds 30942169586 and stocks 28 60005709 total 338021752 95 7 Cash in companys office 34 113 36 Cash in transit since received 19500 00 8 Deposits in trust companies and banks not on interest 253316 15666 ComptrollerGenerals Report 9 Deposits in trust companies and banks on interest 1889812 54 Total cash items Advanced on deposited to pay policy claims 10 Agents balances debit 3087144 net 11 Accounts collectible 6422987 supplies 3055677 total Cash advanced to or in the hands of officers or em ployees 2196742 05 613566 93 30871 44 94786 64 13178 95 12 Total ledger assets 584254631 06 NonLedger Assets 13 Interest due 1236714 and accrued 1 8065769S on mortgages 1818944 12 14 Interest due 1150431 and accrued 4 45633511 on bonds 4467839 42 16 Interest accrued on premium notes policy loans or liens 96558 17 18 Interest accrued on deposits 9327 41 19 Interest accrued on real estate contracts 643 81 20 Rents due 3512598 and accrued 122 37390 on companys property or lease 157499 88 21 Total interest and rents due and accrued 6550812 81 23 Market value of bonds and stocks over book value 4386388 33 New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 52239 13 294994107 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 295947 37 2204644 15 27 Totals 348186 50 5154585 22 28 Deduct loading 90528 49 1340192 14 29 Net amount of uncollected and deferred premiums 257058 01 3814393 08 4072051 09 35 Gross assets 599263883 29CompteollerGenekal s Eepokt 667 Deduct Assets Not Admitted 37 Supplies stationery printed matter 30556 77 38 Agents debit balances gross 30871 44 39 Cash advanced to or in the hands of offi cers or agents 13178 95 43 Book value of ledger assets over market value viz Accounts collectible 64229 87 Total 138837 03 46 Admitted assets 599125046 26 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the in surance department of State of New York on the following tables of mor tality and rates of interest viz 2 American Experience table at 3 per cent on policies issued prior to January 1 1907 407112383 00 Same for reversionary additions 8845075 00 Total 415957458 00 3 American Experience table at 3 per cent on policies issued after December 31 1906 30703970 00 Same for reversionary additions 6851105 00 Total 37555075 00 5 Net present value of annuities including those in reduction of premiums viz McClintock annuity table at 3 per cent on annuities issued prior to January 1 1907 20230417 00 Three per cent on annuities issued after December 31 1906 8877538 00 American Experience table at 3 per cent 157700 at 3 per cent 1 78800 on dividend additions to survi vorship annuities 3365 00 Total 29111320 00 Total 482023853 00668 ComptrollerGenerals Report 6 Deduct net value of risks of this company reinsured in other solvent companies 53316 00 10 11 12 13 14 15 16 Net reserve paidfor basis 482570537 00 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 3333427 72 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 5311 09 Claims for death losses due and unpaid 443523 45 Claims for death losses in process of ad justment or adjusted and not due 758248 07 Claims for death losses incurred for which no proofs have been received 2276061 42 Claims for matured endowments due and unpaid 25422S 44 Claims for death losses and other policy claims resisted by the company 370287 41 Due and unpaid on annuity claims involv ing life contingencies 151578 85 17 Total policy claims 18 Due and unpaid on supplementary contracts not involv ing life contingencies 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 23 Commissions to agents due or accrued 25 Salaries rents office expenses bills and accounts due or accrued Taxes due and accrued 26 Medical examiners fees 282832 and legal fees 545 due or accrued 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 4253927 64 1478 84 219469 20 325433 76 1533961 36 28479 44 13651 74 71168 06 2833 77 801752 46 1019170 46 11849628 84V ComptrollerGenerals Keport 669 34 Amounts set apart apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not included in item 33 74682996 84 35 Reserve special or surplus funds not included above Fund for depreciation of securities and general con tingencies 12546662 02 41 Deposits on account of pending insurance 80335 99 42 Due sundry parties for collections made or deposits held for their account 196401 94 46 Total 599125046 26 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year12684 28031219 50 18 Policies on the lives of citizens of said State issued during the year 1285 3148704 71 19 Total 13969 31179924 21 20 Deduct ceased to be in force during the year 929 2912311 01 21 Policies in force December 31 191213040 28267613 20 22 Losses and claims unpaid December 31 of pre vious year 9 14239 43 23 Losses and claims incurred during year 218 448747 31 24 Total 227 25 Losses and claims settled during the year in cash 218 26 Losses and claims unpaid December 31 1912 9 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 462986 74 450278 31 12708 43 970110 27 THE NATIONAL LIFE ACCIDENT INSURANCE CO OF NASHVILLE TENN C A Craig President C E Clements Secretary G C Lynch Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00670 CompteollebGeneeals Repoet 2 Amount of ledger assets as per balance December 31 of previous year 690486 66 3 Increase of capital during the year 50000 00 4 Extended at IIIncome 740486 66 5 First years premiums on original policies without deduction for commissions or other expenses 12 Total new premiums 41551 05 41551 05 18 Total renewal premiums 2154113 82 19 Total premium income 2195664 S7 23 Gross interest on mortgage loans less 46840 accrued interest on mortgages acquired during 1912 26740 19 24 Gross interest on collateral loans 3341 54 25 Gross interest on bonds and dividends on stocks less 104306 accrued interest on bonds acquired during 1912 2950 77 27 Gross interest on deposits in trust com panies and banks 552 41 28 Gross interest on other debts due the com pany viz Accounts 126 36 32 Gross rent from companys property in eluding 500000 for companys occu pancy of its own buildings 5000 00 33 Total gross interest and rents 34 From other sources viz Agency contracts 249376 deposits by agents in lieu of bonds 550765 total 40 From agents balances previously charged off 43 Total income 38711 29 8001 41 116 45 242494 00 IIIDisbursements 1 lor death claims 2 For disability claims 154830 20 667917 61 3 Net amount paid for losses and matured endowments 832747 81 14 Total paid policyholders S32747 81ComptbollerGenerals Report 671 15 Expense of investigation and settlement of policy claims including 150719 for legal expenses 1507 19 18 Paid stockholders for interest or dividends Stock 50 00000 cash 3500000 total 85000 00 19 Commissions to agents less commission on reinsurance 731278 99 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 11591 54 23 Branch office expenses including salaries of managers and clerks not included in item 21 277307 51 24 Medical examiners fees 1380 00 25 Salaries and all other compensation of officers directors trustees and home office employees 56669 60 26 Rent including 500000 for companys occupancy of its own buildings 25033 39 27 Advertising 561085 printing and stationery 13 43994 postage telegraph telephone and express 8 63991 total 27690 70 28 Legal expense not included in item 15 110 00 29 Furniture fixtures and safes 4681 78 30 Repairs and expenses other than taxes on real estate 787 07 31 Taxes on real estate and personalty 6481 60 32 State taxes on premiums 21869 88 33 Insurance department licenses and fees 1278 31 34 All other licenses fees and taxes viz Federal cor poration tax 125336 municipal tax 249976 total 3753 12 38 Other disbursements viz Field convention and general expenses 11186 44 45 Agents balances charged off 490 44 46 Gross loss on sale or maturity of ledger assets viz Bonds 9 02 48 Total disbursements 2100856 39 IVLedger Assets 1 Book value of real estate 71090 39 2 Mortgage loans on real estate first liens 55827859 other than first liens 32500 total 558603 59 3 Loans secured by pledge of bonds stocks or other col lateral 74860 00 6 Book value of bonds 8910388 and stocks 100000 total 90103 88 7 Cash in companys office 516986 and district offices 554127 total 10711 13 8 Deposits in trust companies and banks not on interest 53335 69 9 Deposits in trust companies and banks on interest 19002 41672 ComptrollerGenerals Report 10 Bills receivable 5000 agents balances debit 2 84694 credit 68326 net 2213 68 11 Stock and carriage 2 203 50 12 Total ledger assets 882124 27 NonLedger Assets 13 Interest due 76667 and accrued 8 18786 on mortgages 8954 53 14 Interest due and accrued on bonds 341 67 15 Interest due and accrued on collateral loans 559 96 17 Interest due and accrued on other assets Bank deposits 41 34 21 Total interest and rents due and accrued 9897 50 35 Gross assets 892021 77 Deduct Assets Not Admitted 38 Agents debit balances gross 2846 94 39 Loan on real estate 348 37 40 Bills receivable 50 00 42 Stock and carriage 2203 50 43 Book value of ledger assets over market value viz Hotel stock 65000 bonds 30388 total 953 88 46 Admitted assets 885619 08 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the Tennessee insurance department on the following tables of mortality and rates of interest viz Combined Experience table at 4 per cent 277152 46 Total 277152 46 7 Beserve to provide for health and accident benefits con tained in life policies 22 633 73 8 Net reserve 299786 19 12 Claims for death losses in process of ad justment or adjusted and not due 1375 6113 15 17 20 23 25 27 35 36 37 39 44 45 46 17 IS 19 20 21 22 23 24 25 26 27 ComptrollerGenerals Report 673 Claims for losses accident department 1206 43 Claims for death losses and other policy claims resisted by the company 575 13 Total policy claims 3157 17 Premiums paid in advance including surrender values so applied 29256 27 Commissions to agents due or accrued 18284 91 Salaries rents office expenses bills and accounts due or accrued 3961 41 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 26045 98 Reserve special or surplus funds not included above Special disability reserve 23856 94 Contingent reserve 100000 00 All other liabilities viz Deposits by agents in lieu of bonds 17969 67 Capital stock 200000 00 Unassigned funds surplus 163300 54 Total 885619 08 Business in the State of Georgia During the Year No Amount Policies on the lives of citizens of said State in force December 31 of previous year 1578 61873 00 Policies on the lives of citizens of said State issued during the year 6827 288099 00 Total 8405 349972 00 Deduct ceased to be in force during the year 4224 173534 00 Policies in force December 31 4181 176438 00 Losses and claims unpaid December 31 of pre vious year 3 51 38 Losses and claims incurred during year 2217 7485 30 Total 2220 7536 68 Losses and claims settled during the year in cash 2216 7484 18 Losses and claims unpaid December 31 4 52 50 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 25701 55674 CompteolleeGenebals Repobt national life insurance company of united states of america chicago illinois A M Johnson President Kobert D Lay Secretary Principal Office 29 South La Salle Street Chicago 111 Win A Wright 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 9357168 74 4 Extended at 9357108 74 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 1847708 for first years reinsurance 443543 22 7 Total first years premiums on original policies 443543 2 8 Dividends applied to purchase paidup ad ditions and annuities 1781 71 9 Surrender values applied to purchase paid up insurance and annuities 43115 53 12 Total new premiums 488440 46 13 Renewal premiums without deduction for commissionsor other expenses less 14 62395 for reinsurance on renewals 2085139 40 14 Dividends applied to pay renewal pre miums 42956 79 18 Total renewal premiums 2128096 19 19 Total premium income 2616536 65 20 Consideration for supplementary contracts not involv ing life contingencies 8973 38 22 Ledger assets other than premiums Received firom other companies for assuming their risks net 3011224 70 23 Gross interest on mortgage loans less 4545 accrued interest on mortgages acquired during 1912 206166 10 24 Gross interest on collateral loans 4339 18 ComptrollerGenerals Report 675 25 Gross interest on bonds and dividends on stocks less 51306 accruedinterest on bonds acquired during 1912 232629 03 26 Gross interest on premium notes policy loans or liens 121782 15 27 Gross interest on deposits in trust com panies and banks 25441 46 28 Gross interest on other debts due the com pany 753 28 32 Gross rent from companys property in cluding 42000 for companys occu pancy of its own buildings 22694 81 33 Total gross interest and rents 613806 01 34 From other sources viz From sale of real estate pre viously charged off 45000 profit and loss 227656 casualty department 41890216 total 421628 72 40 From agents balances previously charged off 1432 19 41 Gross profit on sale or maturity of ledger assets viz Bonds 484500 stocks 2013400 total 24979 00 43 Total income 6698580 65 IIIDisbursements 1 For death claims less 912500 reinsur ance 76042839 additions 704277 total 767471 16 2 For matured endowments 1967515 33 3 Net amount paid for losses and matured endowments 2734986 49 4 For annuities involving life contingencies 17274 14 5 Premium notes and liens voided by lapse less 15361 restorations 3777 14 6 Surrender values paid in cash or applied in liquidation of loans or notes 463165 35 8 Surrender values applied to purchase paidup insurance and annuities 43115 53 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 183378 14 10 Dividends applied to pay renewal premiums 42956 79 12 Dividends applied to purchase paidup additions and an nuities 1781 71 14 Total paid policyholders 3490435 29 15 Expense of investigation and settlement of policy claims including 135596 for legal expenses 1824 96676 ComptbolleeGeneeals Repobt 16 Paid for claims on supplementary contracts not involv ing life contingencies 8635 16 18 Paid stockholders for interest or dividends 50000 00 19 Commissions to agents less commission on reinsurance First years premiums 29734869 renewal premiums 8717054 total 284519 23 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22019 04 22 Agency supervision and traveling expenses of supervisors except compensation for home office compensation 250 92 23 Branch office expenses including salaries of managers and clerks not included in item 21 36393 71 24 Medical examiners fees 2759775 inspection of risks 445748 total 32055 23 25 Salaries and all other compensation of officers directors trustees and home office employees 169083 35 26 Bent including 42000 for companys occupancy of its own buildings 20908 36 27 Advertising 430038 printing and stationer 17 25563 postage telegraph telephone and express 1087036 exchange 191151 total 34337 88 28 Legal expense not included in item 15 20812 75 29 Furniture fixtures and safes 13201 46 30 Bepairs and expenses other than taxes on real estate 12523 37 31 Taxes on real estate 4269 27 32 State taxes on premiums 31890 09 33 Insurance department licenses and fees 5188 84 34 All other licenses fees and taxes viz Federal cor poration tax 167646 publication of annual state ments 56588 all other 80134 total 3043 68 38 Other disbursements viz Investment expense 1 57330 taxes on personal propert 128520 associa tion of life insurance presidents 87640 miscella neous expense 464269 profit and loss 11653 casualty department 44099803 total 449492 15 45 Agents balances charged off 3431 23 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 870170 stocks 2220524 total 30906 94 48 Total disbursements 4825222 91 IVLedger Assets 1 Book value of real estate 229560 71 2 Mortgage loans on real estate first liens 3447317 00 3 Loans secured by pledge of bonds stocks or other col lateral 56000 00ComptrollerGenerals Report 677 4 Loans made to polieyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 161177906 and stocks 3217 61040 total 7 Cash in companys office 17972 96 8 Deposits in trust companies and banks not on interest 4947 77 9 Deposits in trust companies and banks on interest 604613 41 Total cash items 10 Agents balances debit 7438783 credit 164982 net 11 Casualty department 1752127 92 180672 17 4829389 46 627534 14 72738 01 35187 07 12 Total ledger assets 11230526 48 NonLedger Assets 13 Interest due 684887 and accrued 74 03412 on mortgages 80882 99 14 Interest accrued on bonds 8356 74 15 Interest accrued on collateral loans 1016 83 16 Interest accrued on premium notes policy loans or liens 10982 49 17 Interest accrued on other assets 1855 05 21 Total interest and rents due and accrued 23 Market value not including interest in item 14 of bonds and stocks over book value New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 59250 60 115639 93 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 6610 14 198553 69 27 Totals 65860 74 214193 62 28 Deduct loading 36418 39 60396 04 29 Net amount of uncollected and deferred premiums 29442 35 253796 68 103094 10 164889 60 283239 03 35 Gross assets 11781749 21G78 ComptrollerGenerals Report Deduct Assets Not Admitted 38 Agents debit balances gross 74387 83 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 29625 72 44 Casualty department 14129 74 45 Total assets not admitted 118143 29 46 Admitted assets 11663605 92 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on insur ance issued prior to 1903 and part of insurance issued from 1903 to 1907 in clusive 5769884 35 Same for reversionary additions 565 00 Total 5770449 35 2 American Experience table at 3 per cent on insurance issued subsequent to 1907 and balance of insurance issued from 1903 to 1907 inclusive 4047580 31 Same for reversionary additions 1236 00 Total 4048816 31 5 Net present value of annuities including those in reduction of premiums viz Actuaries table at 4 per cent 6008 00 American Experience table at 3l per cent 125334 00 Total 131342 00 l Total 9950607 66 6 Deduct net value of risks of this company reinsured in other solvent companies 49491 00 7 Reserve to provide for health and accident benefits con tained in life policies 164 01 8 Net reserve 9901280 67 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 48751 22ComptrollerGenerals Repo 679 12 Claims for death losses in process of ad justment or adjusted and not due 3557 00 13 Claims for death losses incurred for which no proofs have been received 4922 00 14 Claims for matured endowments due and unpaid 6500 00 16 Due and unpaid on annuity claims involv ing life contingencies 2492 21 17 Total policy claims 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 22 Commissions due to agents on premium notes when paid 23 Commissions to agents due or accrued 24 Cost of collection on uncollected and deferred pre miums in excess of the loading thereon 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners fees 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 34 Amounts set apart apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not included in item 33 39 All other liabilities viz Casualty department 44 Capital stock 45 Unassigned funds surplus 17471 21 11756 60 35995 18 1321 65 4790 43 2852 26 3000 00 2335 00 72288 40 7620 71 20636 23 97274 14 677385 33 117368 76 500000 00 141475 13 46 Total 11663605 92 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force December 31 of previous year 1176956 63 Assumed from Des Moines Life Insurance Co 606052 00680 CompteolleeGexeeals Report 18 Policies on the lives of citizens of said State issued dur ing the year 530731 46 19 Total 20 Deduct ceased to be in force during the year 21 Policies in force December 31 23 Losses and claims incurred during year 24 Total 32560 48 25 Losses and claims settled during the year in cash 31560 48 26 Losses and claims unpaid December 31 l 000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses Life 6597613 accident and health 1478127 total 80 757 40 2313740 366289 09 86 1947450 32560 23 48 NATIONAL LIFE INSURANCE COMPANY OF MONTPELIEEVT Joseph A DeBoer President Osman D Clark Secretary Home Office 116 State Street Montpelier Vermont George M Hope Co Attorneys for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 51672739 74 4 Extended at 51672739 74 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 624014 18 6 Surrender values applied to pay first years premiums j 062 21 7 Total first years premiums on original Policies 625076 39 8 Dividends applied to purchase paid up additions and annuities 40 921 85 10 Consideration for original annuities in volving life contingencies 615063 56 11 Consideration for supplementary contracts involving life contingencies 2 283 33 12 Total new premiums i283345 13ComptrollerGenerals Keport 681 13 Eenewal premiums without deduction for commissions or other expenses 5076930 38 14 Dividends applied to pay renewal pre miums 423961 54 15 Dividends applied to shorten the endow ment or premiumpaying period 11567 79 17 Renewal premiums for deferred annuities 1707 35 18 Total renewal premiums 5 514 167 06 19 Total premium income 20 Consideration for supplementary contracts not involving life contingencies 21 Dividends left with the company to accumulate at in terest 23 Gross interest on mortgage loans less 2400323 accrued interest on mortga ges acquired during 1912 1260042 87 25 Gross interest on bonds and dividends on stoeks less 1569906 accrued interest on bonds acquired during 1912 783179 86 26 Gross interest on premium notes policy loans or liens 4S5211 79 27 Gross interest on deposits in trust com panies and banks 20834 51 29 Gross interest on premium 7691 61 30 Gross interest on nonledger assets 3632 81 31 Gross discount on claims paid in advance 443 33 32 Gross rent from companys property in cluding 1002000 for companys occu pancy of its own buildings 21623 35 6797512 19 36994 65 373 65 33 Total gross interest and rents 34 Prom other sources viz Profit on unlisted assets 40 Prom agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Real estate 116 bonds 17650 total 43 Total income 2582660 13 3980 58 17693 42 188 16 9439402 78 IIIDisbursements 1 For death claims 1896368 89 Additions 2517 91 2 For matured endowments 713163 52 Additions 1620 99 3 Net amount paid for losses and matured endowments 2613671 31682 ComptrollerGenerals Report 4 For annuities involving life contingencies 499039 88 6 Surrender values paid in cash or applied in liquidation of loans or notes 1220454 38 7 Surrender values applied to pay new premiums 1062 21 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 561977 83 10 Dividends applied to pay renewal premiums 423961 54 11 Dividends applied to shorten the endowment or pre mium paying period 11567 79 12 Dividends applied to purchase paidup additions and annuities 40921 85 13 Dividends left with the company to accumulate at interest 373 65 14 Total paid policyholders 5373030 44 15 Expense of investigation and settlement of policy claims including 87184 for legal expenses 952 96 16 Paid for claims on supplementary contracts not involv ing life contingencies 22662 04 17 Dividends and interest thereon held on deposit surren dered during the year 105 38 19 Commissions to agents less commission on reinsurance First years premiums 28328274 renewal premiums 37245282 annuities original 3075315 re newal 8536 total 686574 07 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 1325 95 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 13900 77 23 Branch office expenses including salaries of managers and clerks not included in item 21 84227 12 24 Medical examiners fees 4600650 inspection of risks 561616 total 51622 66 25 Salaries and all other compensation of officers directors trustees and home office employees 171930 58 26 Rent including 1000000 for companys occupancy of its own buildings 54236 62 27 Advertising 2023170 printing and stationery 15 64119 postage telegraph telephone and express 26 36284 exchange 91280 total 63148 53 28 Legal expense not included in item 15 152 06 29 Furniture fixtures and safes 11525 65 30 Repairs and expenses other than taxes on real estate 8637 31 31 Taxes on real estate 4653 52 32 State taxes on premiums 110258 17 33 Insurance department licenses and fees 6239 36ComptrollerGenerals Eeport 683 34 All other licenses fees and taxes viz Federal cor poration tax 1905738 surplus tax 6299529 mu nicipal licenses 186357 personal property tax 10197 total 84018 21 38 Other disbursements viz Home office supplies 16 33009 homo office travel 67300 investment ex pense 4539699 loss on policy account 60571 total 63005 79 45 Agents balances charged off 672368 loss to non listed assets 2626 total 6749 94 46 Gross loss on sale or maturity of ledger assets viz Real estate 205 58 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 28359 28 48 Total disbursements 6850521 99 IVLedger Assets 1 Book value of real estate 275000 00 2 Mortgage loans on real estate first liens 25525899 10 4 Loans made to policyholders on this companys policies assigned as collateral 6777464 74 5 Premium notes on policies in force 1929223 24 6 Book value of bonds 19185932 46 7 Cash in companys office 082 29 8 Deposits in trust companies and banks not on interest 20000 00 9 Deposits in trust companies and banks on interest 545785 51 10 Agents balances debit 253558 credit 130239 net 1233 19 12 Total ledger assets 54261620 53 NonLedger Assets 13 Interest due 436851 and accrued 657 28977 on mortgages 14 Interest due 92500 and accrued 289 19482 on bonds 16 Interest due 4285248 and accrued 24275786 on premium notes policy loans or liens 17 Interest accrued on other assets Bank balances 18 Interest due on premiums 20 Rents due 102410 and accrued 90152 on companys property or lease 661658 28 290119 82 285610 34 1228 00 335 IS 1925 62 21 Total interest and rents due and accrued 1240877 14 684 ComptrollerGenerals Eeport 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 26 Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 27 Totals 28 Deduct loading 418177 34 524735 72 942913 06 205619 92 29 Net amount of uncollected and deferred premiums 737293 14 35 Gross assets 56239790 81 Deduct Assets Not Admitted 2535 58 38 Agents debit balances gross 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 43 Book value of ledger assets over market value viz Bonds 181 44 200923 00 Total 203609 02 46 Admitted assets 56036150 79 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the actuary on the following tables of mor tality and rates of interest viz 1 Actuaries table at 4 per cent on all busi ness in force issued prior to January 11901 24628554 00 Same for reversionary additions 93670 00 2 American Experience table at 3 per cent on all business in force issued subse quent to January 1 1901 17574302 00 Same for reversionary additions 94197 00 5 Net present value of annuities including those in reduction of premiums viz McClintock s Annuitants tables with in terest at 3 per cent and American 3 per cent on insurance features of annuities with reversions 4947071 00 8 Net reserve 47337794 00 ComptrollerGenerals Eeport 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 12 Claims for death losses in process of ad justment or adjusted and not due 13310 30 13 Claims for death losses incurred for which no proofs have been received 57078 00 14 Claims for matured endowments due and unpaid 3669 00 15 Claims for death losses and other policy claims resisted by the company 9660 00 16 Due and unpaid on annuity claims involv ing life contingencies 16765 49 17 Total policy claims 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 23 Commissions to agents due or accrued 24 Cost of collection on uncolleoted and deferred prem iums in excess of the loading thereon 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners fees 31000 and legal fees 200000 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 Reserve special or surplus funds not included above Extra life rate endowment reserve 35 685 188994 00 4528 62 100482 79 570 06 10550 23 907 41 126 26 14162 49 28000 00 2310 00 180297 39 47597 62 608803 28 401773 60 4411214 19 174048 84 68 39 45 46 17 18 19 20 21 23 24 25 26 27 2 5 6 ComptbolleeGeneeals Report Surplus set apart for payment at termination of 11748 50000 1280 2460960 17 00 88 96 All other liabilities Estimated death claims unreported 1 Total Business in the State of Georgia During the Yef No Policies on the lives of citizens of said State in Policies on the lives of citizens of said State 56036150 ir Amount 6306344 1885097 79 67 33 Deduct ceased to be in force during the year 615 8191442 1128017 00 68 7063424 41000 32 00 Total 19 41000 30000 11000 196062 NY OF rgia 00 00 00 93 Losses and claims settled during the year 17 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends NEW ENGLAND MUTUAL LIFE INSURANCE COMP BOSTON MASS Alfred D Poster President Home Office 87 Milk Street Boston Mass B J Guinn Atlanta Ga Attorney for Service in Ge ICapital Stock Amount of ledger assets as per balance December 31 of previous year 56451735 73 IIIncome First years premiums on original policies without deduction for commissions or ComptrollerGenerals Report 687 8 Dividends applied to purchase paidup ad ditions 184908 50 13 Consideration for supplementary contracts involving life contingencies 8820 27 12 Total new premiums 1225150 32 13 Renewal premiums without deductions for commissions or other expenses 6170251 23 14 Dividends applied to pay renewal prem iums 1187233 83 17 Total renewal premiums 7357485 06 19 Total premium income 8582635 38 20 Consideration for supplementary contracts not involving life contingencies 94294 33 21 Dividends left with the company to accumulate at interest 5425 so 23 Gross interest on mortgage loans less 111617 accrued interest on mortgages acquired during 1912 562534 92 24 Gross interest on collateral loans 18433 01 25 Gross interest on bonds and dividends on stocks less 1874215 accrued interest on bonds acquired during 1912 149177141 26 Gross interest on premium notes policy loans or liens 425144 54 27 Gross interest on deposits in trust companies and banks 14753 66 31 Gross discount on claims paid in advance 972 8 32 Gross rent from companys property including 44 38000 for companys occupancy of its own buildings 128414 47 33 Total gross interest and rents 2642024 86 34 From other sources Real estate tax returned on property sold 1639 41 Gross profit on sale or maturity of ledger assets viz Bonds 1720600 Stocks 5748288 74688 88 43 Total income 11399085 34 IIIDisbursements 1 For death claims 3056445 60 Additions 25916 00 2 For matured endowments 637330 54 Additions U4U 00 3 Net amount paid for losses and matured endowments 3731123 14 6 Surrender values paid in cash or applied in liquidation of loans or notes 796047 93688 ComptrollerGenerals Report 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 170283 02 10 Dividends applied to pay renewal premiums 1187233 83 12 Dividends applied to purchase paidup additions 184908 50 13 Dividends left with the company to accumulate at interest 5425 50 14 Total paid policyholders 6075021 92 15 Expense of investigation and settlement of policy claims including 21315 for legal expenses 213 15 16 Paid for claims on supplementary contracts not involving life contingencies 11344 15 17 Dividends and interest thereon held on deposit surren dered during the year 961 40 18 Paid for claims on supplementary contracts involving life contingencies 19959 28 19 Commissions to agents less commission on reinsurance First years premiums 48132611 renewal premiums 39552617 total 876852 28 20 Commuted renewal commissions 88 60 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 6622 19 23 Branch office expenses including salaries and managers and clerks not included in item 21 141456 77 24 Medical examiners fees 8622979 inspection of risks 1247551 total 98705 30 25 Salaries and all other compensation of officers directors trustees and home office employees 236429 09 26 Rent including 4438000 for companys occupancy of its own buildings 50380 00 27 Advertising 1411030 printing and stationery 37 38809 postage telegraph telephone and express 13 12322 exchange 113523 total 65756 84 28 Legal expense not included in item 15 1 333 28 29 Furniture fixtures and safes 7 477 49 30 Repairs and expenses other than taxes on real estate 56074 42 31 Taxes on real estate 33 995 14 32 State taxes on premiums 75 775 67 33 Insurance department licenses and fees 10 108 05 34 All other licenses fees and taxes Federal corporation tax 1813371 municipal licenses 382108 tax on reserve 5540731 compulsory advertising 72280 miscellaneous taxes and fees 78568 total 78870 58 38 Other disbursements Association of life insurance presidents 233011 legislative expense 78260 medicoaeturial mortality investigation 59248 mort gage expense 109939 agency meeting 172114 office supplies 726823 fidelity company bonds 1ComptrollerGenerals Report 689 57201 lunches for night work 80500 auditing ac counts 194400 protective watch service 104400 sundries 45547 total 19614 43 46 Gross loss on sale or maturity of ledger assets viz Real estate 17558 00 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 20000 bonds 2664251 26842 51 48 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 3272544489 and stocks 2 51833125 7 Cash in companys office 9 Deposits in trust companies and banks on interest 1897526 19 300000 00 774057 62 873 36 523502 53 12 Total ledger assets NonLedger Assets 13 14 15 16 17 20 21 22 23 25 26 Interest accrued on mortgages 114897 41 Interest accrued on bonds 507395 95 Interest accrued on collateral loans 4123 79 Interest due 3791810 and accrued 106 40514 on premium notes policy loans or liens 144323 24 Interest accrued on other assets Bank in terest 479 80 Rents due 7000 and accrued 611301 on companys property or lease 6183 01 Total interest and rents due and accrued Market value of real estate over book value Market value of bonds and stocks over book value Gross premiums due and unreported on policies in force Bee 31 1912 341200 25 Gross deferred premiums on policies in force December 31 1912 305378 33 277403 20 3737 00 196778 86 27 Total 646578 58690 ComptbollebGeneeals Eepobt 28 Deduct loading 145480 18 29 Net amount of uncillected and deferred premiums 501098 40 35 Gross assets 61418397 99 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the Companys Actuary on the following tables oi mor tality and rates of interest viz 1 Actuaries table at 4 per cent on all policies prior to 1901 31050357 78 2 American Experience table at 3 per cent on all policies issued from Jan 1 1901 to Dec 15 1907 except joint life Ad ditions on all policies to Jan 1 1908 15650927 12 Same for reversionary additions 1160522 00 3 American Experience table at 3 per cent on all policies written after Dec 15 1907 and dated in 1908 and after and additions thereon joint life policies Same for reversionary additions 5 Net present value of annuities including those in reduction of premiums At 4 per cent At 3 per cent At 3 per cent 5946192 62 90089 65 50 00 2660 18 78631 4i 338609 06 Total 53979430 81 8 Net reserve 53979430 81 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Companys Actuary 11 Claims for death losses due and unpaid 12 Claims for death losses in process of ad justment or adjusted and not due 13 Claims for death losses incurred for which no proofs have been received 14 Claims for matured endowments due and unpaid 6095 00 48386 48 119829 00 66782 05 17 Total policy claims 19 Dividends left with the company to accumulate at in terest ami accrued interest thereon interest 19809 20 Premiums paid in advance including surrender values so applied 241092 53 6800 94 66804 00ComptrollerGenerals Beport 691 21 Unearned interest and rent paid in advance 4723 55 22 Commissions due to agents on premium notes when paid 32813 99 23 Commissions to agents due or accrued 5877 44 25 Salaries rents office expenses bills and accounts due or accrued 5882 68 26 Medical examiners fees 444 00 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 151926 17 31 Dividends or other profits due policyholders including those Contingent on payment of outstanding and defer red premiums 219157 44 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 1608500 00 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 123152 15 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 254848 80 35 Reserve special or surplus funds not included above Reserve for equalization of mortality and depreciation of assets 250000 00 37 Reserve for unreported death claims 39524 00 45 Unassigned funds surplus 4088810 43 46 Total 61418397 99 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 4860834 00 18 Policies on the lives of citizens of said State issued during the year 1182094 00 19 Total 6042928 00 20 Deduct ceased to be in force during the year 444671 00 21 Policies in force December 31 5598257 00 23 Losses and claims incurred during year 38353 00 24 Total 38353 00 25 Losses and claims settled during the year 38353 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 148839 9592 ComptrollerGeneral s Report NEW YORK LIFE INSURANCE COMPANY OF NEW YORK N Y Darwin P Kingsley President Seymour M Ballard Secretary E J Clark Atlanta Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year677705435 80 4 Extended at 677705435 80 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 8084606 08 7 Total first years premiums on original Policies 8084606 08 8 Dividends applied to purchase paidup ad ditions and annuities 1011 995 5 10 Consideration for original annuities in volving life contingencies 514 076 54 11 Consideration for supplementary contracts involving life contingencies 175S55 13 12 Total new premiums 9 786 533 7 13 Renewal premiums without deductions for commissions or other expenses less 89 00124 for reinsurance on renewals 72493865 65 14 Dividends applied to pay renewal prem iums 3524055 10 16 Surrender values applied to pay renewal Premiums 81147 56 17 Renewal premiums for deferred annuities 56182 47 18 Total renewal premiums 76135250 78 on alremum income 85941784 05 0 Consideration for supplementary contracts not involving life contingencies 202 262 08 21 Dividends left with the company to accumulate at pinteref 70856 18 zi uross interest on mortgage loans 6011670 57 25 Gross interest on bonds and dividends on stocks less 17769470 accrued interest on bonds acquired during 1912 18 661451 31COMPTROLLElvGrENERAls EePOET 693 26 Gross interest on premium notes policy loans or liens 6053197 01 27 Gross interest on deposits in trust com panies and banks 222847 35 29 Gross interest on agents debts 2810 39 31 Gross discount on claims paid in advance 4913 73 32 Gross rent from companys property in cluding 29311965 813216 78 33 Total gross interest and rents 31770107 14 34 From other sources Commissions advanced in previous years now repaid 3703745 policy fees 3854846 exchange 683162 appraisal fees 366500 doubtful debts recovered 89746 bonuses received for privi lege of prepayment or extension of mortgage loans 975825 allowance made by the government of Italy in the transfer of the companys Italian business for acquisition expenses not yet matured and for the value of said business 49215000 total 588888 24 41 Gross profit on sale or maturity of ledger assets viz Real estate 12175000 bonds 28928608 total 411036 08 42 Gross increase by adjustment in book value of ledger assets viz Bonds including 18605446 for accrual of discount 24187031 stocks 16562 50 total 258432 81 43 Total income 119243366 58 IIIDisbursements 1 For death claims less 8561249 reinsur ance 24771868 44 additions 01684606 total 25788714 50 2 For matured endowments 613625011 additions 3082668 6167076 79 3 Net amount paid for losses and matured endowments 31955791 29 4 For annuities involving life contingencies 1570502 77 6 Surrender values paid in cash or applied in liquidation of loans or notes 12878429 24 7 Surrender values applied to pay renewal premiums 81147 56 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 6829779 56 10 Dividends applied to pay renewal premiums 3524055 10 12 Dividends applied to purchase paidup additions and annuities 1011995 52 13 Dividends left with the company to accumulate at in terest 70856 18694 CompteolleeGenebals Eepobt 13 Paid government of Italy on account of reserve and sur plus on policies transferred to government 3627663 21 14 Total paid policyholders 61550220 43 15 Expense of investigation and settlement of policy claims including 3574898 for legal expenses 43974 38 16 Paid for claims on supplementary contracts not involving life contingencies 214007 77 17 Dividends and interest thereon held on deposit surren dered during the year 17238 69 19 Commissions to agents less commission on reinsurance First years premiums 371224406 renewal prem iums 168042511 annuities original 1728447 advances to agents 20000 renewal 158836 5411742 00 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 34952 96 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 1100459 06 23 Branch office expenses including salaries and managers and clerks not included in item 21 1090054 35 24 Medical examiners fees 35626215 inspection of risks 8575797 total 442020 12 25 Salaries and all other compensation of officers directors trustees and home office employees 1639222 64 26 Kent including 29311965 for companys occupancy of its own buildings less 86898 received under sublease 556520 56 27 Advertising 6767720 printing and stationery 207 90366 postage telegraph telephone and express 23708422 total 512665 08 28 Legal expense not included in item 15 8185 19 29 Furniture fixtures and safes 150334 94 30 Repairs and expenses other than taxes on real estate 222236 23 31 Taxes on real estate 141838 18 32 State taxes on premiums 814552 01 33 Insurance department licenses and fees 20639 17 34 All other licenses fees and taxes Federal corporation tax 21809086 local licenses and taxes 8996713 tax on policy reserves 4833942 miscellaneous taxes including 231266 tax on interest receipts 25 12113 total 381518 54 38 Other disbursements paid agents under Nylic contracts 44992103 doubtful debts marked off 1410021 books papers and subscriptions 507360 special in spection reports 425253 lunch for companys em ployees 5975860 miscellaneous items of expense 1177888 legislative and departmental expense9 17266 damages paid on account of accident in home office building 733700 expenses trustees electionComptbolleeGeneeals Eepoet 695 1913 2404306 traveling expenses 1496282 medico aaturial mortality investigation 453400 examinations by New York Insurance Department and by chartered accountants 801668 total 43 Fees paid in condemnation proceedings 297750 miscel laneous interest payments 347688 bank charges 1372993 custody of and insurance on securities 23 54792 premium on fidelity bonds 669656 bond and mortgage expense 101211 total Gross loss on sale or maturity of ledger assets viz Bonds Gross decrease by adjustment in book value of ledger assets viz Real estate 4993856 bonds including 269 013 98 for amortization of premium 1923 61770 total 1973556 26 16 17 612951 67 51440 90 57995 97 48 Total disbursements 77048326 50 IVLedger Assets 1 Book value of real estate 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 6 Book value of bonds 43617117557 and stocks 265 00000 total 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Bills receivable 11 Branch office debit balances 1987125 credit 18 67381 net 119744 total 11 Cash in companys branch office 5924325 cash in transit 19046303 total 11 Cash in hands of agents for adjustment of claims 12 Total ledger assets 10281711 90 144358641 90 119036487 53 4574740 75 436436175 57 2246 80 1264342 39 3669880 82 2344 50 3541 94 249706 28 23000 00 719900475 88 NonLedger Assets 13 Interest due 11446805 and accrued 1 473539 22 on mortgages 1588007 27 14 Interest due 17834640 and accrued 5 94857307 on bonds 6126919 47 16 Interest accrued on premium notes policy loansorliens 344648 00696 ComptrollerGenerals Eeport 18 Interest due 2154066 and accrued 9 27373 on bank balances 30 814 39 20 Rents due 832701 and accrued 232257 on companys property or lease 10649 58 21 Total interest and rents due and accrued 8 101 038 71 New Business Renewals 25 Gross premiums due and unreported on policies in force Dec 31 1912119278 63 4894373 13 26 Gross deferred premiums on policies in force Dec 31 1912 398686 00 5055782 00 27 Total 517964 63 9950155 13 28 Deduct loading 25 129491 16 2487538 78 29 Net amount of uncollected and deferred premiums 388473 47 7462616 35 7851089 82 35 Gross assets 735852604 41 Deduct Assets Not Admitted 39 Cash advanced to or in the hands of offi cers or agents for adjustment of claims 23000 00 40 Loans on personal security bills receivable 2344 50 42 Overdue and accrued interest on bonds in default over market value of same The bonds in default 25000000 par value are included in the gross assets above only at their market value Of said market value the amount of 61 45833 being the overdue and accrued interest is contained in item 14 the re mainder being contained in item 6 43 Book value of ledger assets over market value viz on bonds 16150338 65 Branch office debit balances 19 871 25 16195554 40 46 Admitted assets 719657050 01 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the InsuranceComptbollebGenebal s Eepoet 697 Department of the State of New York on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on all insurances except those specified under 4490783748 00 Same for reversionary additions 3960519 00 4 Other tables and rates viz Double Am erican Experience table at 3 per cent on tropical insurances and those on im paired lives 41682076 00 Same for reversionary additions 138091 00 Sequi American Experience table at 3 per cent on semitropical insurances and those on partially impaired lives 43030726 00 Same for reversionary additions 91372 00 Eeserve to cover contingent waiver of premium contained in certain policies based upon Hunters disability tables at 3 per cent interest 43467 00 McClintocks Annuity table 3 per cent 16240160 00 Total 595970159 00 6 Deduct net value of risks of this company reinsured in other solvent companies 109088 00 8 Net reserve paid for basis 595861071 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2822066 93 10 Liability on policies cancelled and not included in net reserve upon which a surrender value or reinstate ment may be demanded 328876 50 12 Claims for death losses in process of ad justment or adjusted and not due 1095693 40 13 Claims for death losses incurred for whicn no proofs have been received 2012717 80 14 Claims for matured endowments due and unpaid 343293 37 15 Claims for death losses and other policy claims resisted by the company 405399 78 16 Due and unpaid on annuity claims involv ing life contingencies 121599 83 17 Total policy claims 3978704 18 18 Due and unpaid on supplementary contracts not involv ing life contingencies 808 58 698 ComptbollebGeneeal s Kepoet 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 165507 68 20 Premiums paid in advance including surrender values so applied 852027 22 21 Unearned interest and rent paid in advance 2739390 95 22 Commissions due to agents on premium notes when paid 52918 42 23 Commissions to agents due or accrued 11153 71 25 Salaries rents office expenses bills and accounts due or accrued including 580087 accrued charges on de posits 95578 00 26 Medical examiners fees 2430175 and legal fees 10 10503 due or accrued 34406 78 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statementincluding 904S73 accrued taxes on interest and deposits 1117282 39 31 Dividends or other profits due policy holders including those contingent on payment of outstanding and de ferred premiums 686179 95 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 5710143 00 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 9654571 IS 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 85142216 00 35 Reserve special or surplus funds not included above War risk fund 501780 security fluctuation ami general contingency fund 535002916 mortality fluctuation fund 50000000 annual dividend equali zation funds 118933200 7541141 Hi 36 Reserve for future expenses on paidup annual dividend policies 201000 00 39 All other liabilities Due agents under Nylic contracts 558 38 41 Reserve for Nylic contracts 1905448 00 42 Reserve for death claims not yet reported to home office 750000 00 43 Reserve for unclaimed receipts 6000 00 46 Total 719657050 01 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year12264 25019406 00ComptrollerGeneral s Report 699 18 Policies on the lives of citizens of said State issued during the year 1323 3330628 00 19 Total 13587 28350034 00 20 Deduct ceased to be in force during the year 844 1853824 00 21 Policies in force December 31 1912 12743 26496210 00 22 Losses and claims unpaid Dee 21 of previous year 10 12287 75 23 Losses and claims incurred during year 189 407398 69 24 Total 199 419686 44 25 Losses and claims settled during the year 181 357313 43 26 Losses and claims unpaid Dec 31 1912 18 62373 01 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 843169 66 NORTH AMERICAN LIFE INSURANCE COMPANY OF CHICAGO ILLINOIS John H McNamara President Wm P Kent Secretary Home Office 36 South State St Chicago Illinois Burton Smith Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 700000 00 2 Amount of ledger assets as per balance December 31 of previous year 1286055 48 3 Increase of capital during the year 100000 00 4 Extended at 1386055 48 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 1026639 for first vears reinsurance 225750 71 7 Total first years premiums on original policies 225750 7100 ComptrollerGenerals Eeporx 9 Surrender values applied to purchase paid up insurance and annuities 3 8ig gg 10 Consideration for original annuities in volving life contingencies 864 84 12 Total new premiums 230 432 51 13 Eenewal premiums without deductions for commissions or other expenses less 20 23824 for reinsurance or renewals 420 164 97 16 Surrender values applied to pay renewal premiums 19 77 18 Total renewal premiums 49Q jo 74 19 Total premium income gj0 g 2s 20 Consideration for supplementary contracts not involving life contingencies 10 770 qq 23 Gross interest on mortgage loans less 39952 accrued interest on mortgages acquired during 1912 26 160 91 25 Gross interest on bonds and dividends on stocks less 345732 accrued interest on bonds acquired during 1912 23 704 39 26 Gross interest on premium notes policy loans or liens 5559 55 27 Gross interest on deposits in trust com panies and banks g 707 00 29 On premiums 209 49 30 On agents balance 11 87 33 Total gross interest and rents g9 353 2i 34 Prom other sources Contributed by stockholders IOooOO 00 41 Gross profit on sale or maturity of ledger assets viz Bonds 383 31 43 Total income 824123 77 IIIDisbursements 1 Tor death claims less 455900 reinsur ance 86372 16 3 Net amount paid for losses and matured endowments 5 4 Tor annuities involving life contingencies 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay renewal premiums 8 Surrender values applied to purchase paidup insuran and annuities 86372 16 120 00 19532 96 19 77 3816 96 14 Total paid policyholders 109 861 85ComptrollerGenerals Keport 701 15 Expense of investigation and settlement of policy claims including 18150 for legal expenses 16 Paid for claims on supplementary contracts not involving life contingencies 19 Commissions to agents less commission on reinsurance First years premiums 13448844 renewal premiums 2129544 annuities original 4324 20 Commuted renewal commissions 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks not included in item 21 24 Medical examiners fees 1210570 inspection of risks 182214 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Bent 27 Advertising 62957 printing and stationery 912194 postage telegraph telephone and express 695507 exchange 4688 total 28 Legal expense not included in item 15 29 Furniture fixtures and safes 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Municipal and other privilege taxes 44715 New Jersey state tax on domestic companies 688884 total 38 Other disbursements miscellaneous expenses viz Books and periodicals 48325 water ice and towel service 15780 photographic supplies 55206 miscellaneous supplies 4011 premiums on fidelity bonds 20465 fire insurance premiums 15815 premiums on deposi tary bonds 43500 Agents conventions 214157 Protest fees 630 directors meetings 87656 American Life Convention 24961 home office travel ing expenses 60478 insurance on bonds in transit 2497 premiums paid by company under disability provision 9545 suspense items repaid 21470i 46 Gross loss on sale or maturity of ledger assets viz 48 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 4 Loans made to policyholders on this companys policies assigned as collateral 317 50 966 02 155827 12 516 17 4427 67 24050 03 31904 32 13927 84 55924 C6 11609 54 16753 46 3177 88 5382 62 7437 06 3542 94 7335 09 6831 30 95 36 459889 93 616000 00 76646 71702 ComptkollerGeneral s Report 5 Premium notes on policies in force 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Agents balances debit 1449189 credit 269590 11 Cash in branch office cashiers under bonds 31814 87 581168 62 27514 55 57 79 396779 37 11795 99 8511 42 12 Total ledger assets 1750289 32 NonLedger Assets 13 Interest due 74500 and accrued 14 66465 on mortgages 15409 65 14 Interest accrued 1184505 on bonds 11845 05 16 Interest accrued on premium notes policy loans or liens 397 39 17 Interest on bank balances 1255 29 21 Total interest and rents due and accrued 23 Market value of bonds and stocks over book value New Business Renewals 25 Gross premiums due and unreported on policies in force Dec 31 1912 1484 25 64387 70 26 Gross deferred premiums on policies in force Dec 31 1912 28907 38 2092 38 5090 74 14084 75 27 Totals 6574 99 78472 45 28 Deduct loading 7275 34 5202 81 29 Net amount of uncollected and deferred premiums 700 35 73269 64 72569 29 34 Gross assets 1853858 37 Deduct Assets Not Admitted 38 Agents debit balances gross 14491 89 39 Cash advanced to or in the hands of officers or agents 200 00 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 4122 92 18814 81 46 Admitted assets 835043 56ComptrollerGeneral s Eeport 703 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the Illinois Insur ance Dept on the following tables of mortality and rates of interest viz American Experience table at 3 per cent on all policies 1010119 00 Net present value of annuities including those in reduction of premiums McOlintocks 3 per cent 780 00 Total 1010899 00 6 Deduct net value of risks of this company reinsured in other solvent companies 17439 00 Total 7 Reserve to provide for health and accident benefits contained in life policies 993460 00 2941 00 8 Net reserve written basis 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary 11 Claims for death losses due and unpaid 13 Claims for death losses incurred for which no proofs have been received 15 Claims for death losses and other policy claims resisted by the company 395 78 2500 00 2402 81 17 Total policy claims 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 22 Commissions due to agents on premium notes when paid 23 Commissions to agents due or accrued 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 25 Salaries rents office expenses bills and accounts due or JLCCrilGQ 26 Medical examiners fees 266500 and legal fees 14000 due or accrued 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Payments on account of premiums held in suspense 43 Total 996401 00 13475 28 5298 59 1808 06 1440 81 1935 74 3215 08 2247 74 11783 75 2 805 00 8301 55 1711 38 1050423 98704 ComptrollebGeneeals Eepoet 44 Capital stock 700000 00 45 Unassigned funds surplus 84 619 58 m Total 1835 043 56 THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY OF MILWAUKEE WISCONSIN Home Office Cor Broadway and Michigan Streets Milwaukee Wis W Woods White Attorney foT Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year28119579328 4 Extended at 281195793 28 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 4611839 82 6 Surrender values applied to pay first years premiums 13634 83 7 Total first years premiums on original policies 4625494 65 8 Dividends applied to purchase paidup additions and annuities j 684 480 56 10 Consideration for original annuities in volving life contingencies 89 092 10 11 Consideration for supplementary contracts involving life contingencies 27 552 40 12 Total new premiums g g 426 619 71 13 Renewal premiums without deduction for commissions or other expenses 30758836 39 14 Dividends applied to pay renewal pre miums 6399649 24 16 Surrender values applied to pay renewal premiums 56 gl 17 Renewal premiums for deferred annuities 13 979 59 18 Total renewal premiums 37 172 52 03 19 Total premium income 43599141 74CompteollebGesteeal s Report 705 20 Consideration for supplementary contracts not involving life contingencies 21 Dividends left with the company to accumulate at in terest 23 Gross interest on mortgage loans less 5 90394 accrued interest on mortgages acquired during 1912 7810896 43 25 Gross interest on bonds and dividends on stocks less 6873071 accrued interest on bonds acquired during 1912 3373467 78 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany viz Interest on premiums col lected in the conversion of term policies and in the restoration of lapsed policies 31 Gross discount on claims paid in advance 32 Gross rent from companys property in cluding 6740000 for companys occu pancy of its own buildings 2396670 93 80041 88 93707 37 13940 83 178527 92 797495 14 11016 69 33 Total gross interest and rents 13947253 14 34 From other sources viz Money received from un known source 10 00 41 Gross profit on sale or maturity of ledger assets viz Seal estate 5327 83 42 Gross increase by adjustment in book value of ledger assets viz Bonds including 4730399 for accrual of discount 47303 99 43 Total income 58407548 53 IIIDisbursements 1 For death claims 1147557754 addi tions 32399915 total 11799576 69 2 For matured endowments 322312300 additions 11743587 total 3340558 87 3 Net amount paid for losses and matured endowments 15140135 56 4 For annuities involving life contingencies 101466 57 0 Surrender values paid in cash or applied in liquidation of loans or notes 9096472 07 7 Surrender values applied to pay new premiums 13 65483 to pay renewal premiums 5681 total 13711 64706 ComptrollerGenerals Beport 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 4820367 99 10 Dividends applied to pay renewal premiums 6399649 24 12 Dividends applied to purchase paidup additions and annuities 1684480 56 13 Dividends left with the company to accumulate at interest 11016 69 14 Total paid policyholders 37267300 32 15 Expense of investigation and settlement of policy claims including 797828 for legal expense 8020 63 16 Paid for claims on supplementary contracts not involv ing life contingencies 383949 14 17 Dividends and interest thereon held on deposit surren dered during the year 2312 02 19 Commissions to agents less commission on reinsurance First years premiums 211761077 renewal pre miums 261464853 annuities original 104701 renewal 27959 total 4733585 90 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 2333 28 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 3192 40 24 Medical examiners fees 25542696 inspection of risks 3459186 total 290018 82 25 Salaries and all other compensation of officers directors trustees and home office employees 862172 18 26 Kent including 6740000 for companys occupancy of its own buildings 75049 90 27 Advertising 686818 printing and stationery 78 89162 postage telegraph telephone and express 13003761 exchange 1305709 total 228854 50 28 Legal expense not included in item 15 10 150 83 29 Furniture fixtures and safes 3666 45 30 Repairs and expenses other than taxes on real estate 88431 81 31 Taxes on real estate 42215 97 32 State taxes on premiums 436 784 85 33 Insurance department licenses and fees 30019 78 34 All other licenses fees and taxes viz Federal cor poration tax 17594915 State tax on income 482 19323 State tax on policy reserves 2983917 pub lishing statements as required by law 141837 local licenses and tax on premiums 714623 total 696546 15 38 Other disbursements viz Loan expenses 15278361 special mortality investigation 457601 legislative expenses 35283 travelingexpenses 381142 con flicting claims 549301 examination by chartered accountants business systematize and by the exComptrollerGenerals Bepobt 707 amining committee comprised of policyholders as pro vided for in the bylaws 901497 cost of examina tion by the Illinois insurance department 162396 by the Wisconsin insurance department 1250000 interest on postponed payments of policy claims 40282 premium on fidelity bonds 10000 expenses trustees election 10984 total 190768 47 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 203482 bonds including 7333786 for amortization of premium total 75372 68 48 Total disbursements 45430746 08 IVLedger Assets 1 Book value of real estate 2854323 57 2 Mortgage loans on real estate first liens 159182168 99 4 Loans made to policyholders on this companys policies assigned as collateral 43751676 06 5 Premium notes on policies in force including auto matic premium loans 883012 62 6 Book value of bonds 83967166 62 7 Cash in companys office 27375 65 9 Deposits in trust companies and banks on interest 3506872 22 Total cash items 3534247 87 12 Total ledger assets 294172595 73 NonLedger Assets 13 Interest due 4846843 and accrued 2 10590207 on mortgages 2154370 50 14 Interest accrued on bonds 1224588 63 16 Interest due 16150188 and accrued 116052526 on premium notes policy loans or liens 1322027 14 18 Interest due for conversion of term poli cies and in the restoration of lapsed policies 2920 81 20 Rents due 132689 and accrued 8 64398 on companys property or lease 9970 87 21 Total interest and rents due and accrued 4713877 95708 ComptrollekGtenekals Report New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 32300 68 1911097 53 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 346097 00 2154836 00 27 Totals 378397 68 28 Deduct loading 80409 51 4065933 53 864010 87 29 Net amount of uncollected and deferred premiums 297988 17 3201922 66 3499910 83 35 Gross assets 302386384 51 Deduct Assets Not Admitted 43 Book value of ledger assets over market value viz Bonds 4622346 62 Total 4622346 62 46 Admitted assets 297764037 89 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on life en dowment and term policies issued prior to February 1 1899 111215195 00 Same for reversionary additions 4942571 00 Total 116157766 00 2 American Experience table at 3 per cent on life endowment and term policies issued since February 1 1899 143655995 00 Same for reversionary additions 5734425 00 Total 149390420 00ComptrollerGenerals Report 709 5 Net present value of annuities including those in re duction of premiums viz Actuaries table at 4 per cent 23571000 McClintocks table at 3Vj per cent 50182000 American Experience table at 3 per cent 66214200 total 1398672 00 104306 56 88633 30 546182 20 73952 00 84576 65 986 85 17 Total policy claims 18 Due and unpaid on supplementary contracts not involv ing life contingencies 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 23 Commissions to agents due or accrued 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners fees 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 3218786 33 8173 93 S Net reserve 266947858 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 12 Claims for death losses in process of ad justment or adjusted and not due 13 Claims for death losses incurred for which no proofs have been received 14 Claims for matured endowments due and unpaid 15 Claims for death losses and other policy claims resisted by the company 16 Due and unpaid on annuity claims involv ing life contingencies 898637 56 3874 94 23395 38 28953 04 429 01 94108 19 117841 40 45815 00 1014711 61 1043098 33 9653785 00 710 ComptrollerGeneral s Eeport 33 Dividends declared on or apportioned to deferred divi dend policies payable to policykolders during 1913 2818502 63 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 5882497 00 Total 291800468 55 45 Unassigned funds surplus 5963569 34 46 Total 297764037 S9 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 9267 21346639 00 18 Policies on the lives of citizens of said State issued during the year 906 2183400 00 19 Total 10173 23530039 00 20 Deduct ceased to be in force during the year 540 1218 423 00 21 Policies in force December 31 9633 22311616 00 No Amount 23 Losses and claims incurred during year 120 267 888 00 24 Total 120 267888 00 25 Losses and claims settled during the year in eash 118 263900 00 26 Losses and claims unpaid December 31 2 3 988 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 691 677 16 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF LOS ANGELES CALIFORNIA Geo I Cochran President C I D Moore Secretary Home Office Sixth and Olive Streets Los Angeles Cal A C Harrison Attorney for Service in Georgia ICapital Stock i 1 Amount of capital paid up in cash 1000000 00 4 10 12 13 14 16 17 18 19 20 21 23 24 25 ComptrollerGenerals Report 711 Amount of ledger assets as per balance December 31 of previous year 21763767 76 Deduct ledger assets for capital stock transferred to accident department 1000000 00 Extended at 20763767 76 IIIncome First years premiums on original policies without deduction for commissions or other expenses less 703758 for first years reinsurance 735281 29 Surrender values applied to pay first1 years premiums 437 72 Total first years premiums on original policies 735719 01 Dividends applied to purchase paidup ad ditions and annuities 170761 67 Consideration for original annuities involv ing life contingencies 20019 00 Total new premiums 926499 58 Renewal premiums without deduction for commissions or other expenses less 4330089 for reinsurance on renewals 3916749 38 Dividends applied to pay renewal pre 143 749 50 mmms joit uv Surrender values applied to pay renewal 9Q 004 01 premiums ssw i Renewal premiums for deferred annuities 21 2 Total renewal premiums 4089808 04 Total premium income iil6 i07 62 Consideration for supplementary contracts not involving life contingencies 31132 00 Dividends left with the company to accumulate at interest 0 10 Gross interest on mortgage loans less 11 77468 accrued interest on mortgages acquired during 1912 706135 85 Gross interest on collateral loans 68492 04 Gross interest on bonds and dividends on stocks less 67979 accrued interest on bonds acquired during 1912 234247 52712 ComptrollerGenerals Report 26 Gross interest on premium notes policy loans or liens 238071 83 27 Gross interest on deposits in trust com panies and banks 8930 65 28 Gross interest on other debts due the com pany viz Agents balances 10429 contract for sale of real estate 1 95000 total 2054 29 32 Gross rent from companys property in cluding 3360000 for companys occu pancy of its own buildings 47045 00 33 Total gross interest and rents 1304977 18 Less interest paid on reinsurance fund 471299 less discount on premiums paid in advance 39547 less interest earned on capital stock transferred to accident department 5500000 total 60108 46 Total 34 Prom other sources viz Bonuses on bond options 106468 bonus on mortgages purchased 758041 sale of unlisted assets 196148 total 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Real estate 1007371 bonds 900338 stocks 63000 total 1244868 72 10606 57 3329 78 19707 09 43 Total income 6330401 88 IIIDisbursements 1 For death claims less 2062000 reinsur ance 102517057 additions 33 35300 total 1058523 57 2 For matured endowments 10268000 additions 238800 total 105068 00 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse less 77724 restorations 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay new premiums 43772 to pay renewal premiums 2929491 total 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 1163591 57 10615 76 4284 87 565444 22 29732 63 97795 26 143742 50ComptrollerGeneral s Keport 13 12 Dividends applied to purchase paidup additions and annuities 170761 57 13 Dividends left with the company to accumulate at in terest 4450 10 14 Total paid policyholders 2190418 48 15 Expense of investigation and settlement of policy claims including 7545 for legal expenses 8495 28 16 Paid for claims on supplementary contracts not involv ing life contingencies 21488 96 17 Dividends and interest thereon held on deposit surren dered during the year 314 37 18 Paid stockholders for interest or dividends 45000 00 19 Commissions to agents less commission on reinsurance First years premiums 46085665 renewal premiums 27630593 annuities original 99073 total 738153 31 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 34152 72 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 21985 91 24 Medical examiners fees 5067119 inspection of risks 1241762 total 63088 81 25 Salaries and all other compensation of officers directors trustees and home office employees 207426 42 26 Rent including 3360000 for companys occupancy of its own buildings 33600 00 27 Advertising 1987541 printing and stationery 25 50818 postage telegraph telephone and express 13 94040 exchange 105883 total 60382 82 28 Legal expense not included in item 15 1779 86 29 Furniture fixtures and safes 6729 75 30 Repairs and expenses other than taxes on real estate 13008 02 31 Taxes on real estate 13711 69 32 State taxes on premiums 64279 48 33 Insurance department licenses and fees 7382 37 34 All other licenses fees and taxes viz Federal cor poration tax 980067 State corporation tax 17500 municipal licenses 438177 taxes on personal prop erty 208102 total 16438 46 38 Other disbursements viz Legal advertising 95922 loss and gain 778418 legislative expense 48086 State department examinations 761139 home office traveling expense 455221 commission on sale of real estate 212500 general expenses 576504 contribution to association of life insurance presidents 143171 renewal bonus 2240310 total 53112 71 45 Agents balances charged off 1550 10 714 ComptrollerGenerals Eeport 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 9600 00 48 Total disbursements 3612099 52 IVLedger Assets 1 Book value of real estate 1122000 10 2 Mortgage loans on real estate first liens 13492002 34 3 Loans secured by pledge of bonds stocks or other col lateral 998776 50 4 Loans made to policyholders on this companys policies assigned as collateral 3352788 10 5 Premium notes and liens on xwlicies in force 1032518 07 6 Book value of bonds 264354083 and stocks 290 00000 total 2933540 83 7 Cash in companys office 24009 08 Cash in course of transmission 6112 16 8 Deposits in trust companies and banks not on interest 156781 09 9 Deposits in trust companies and banks on interest 479279 70 Total 666182 03 Less reinsurance fund 115737 85 Total cash items 5504 1 1 8 12 Total ledger assets 23482070 12 NonLedger Assets 13 Interest due 264936 and accrued 17498895 on mortgages 177638 31 14 Interest accrued on bonds 51603 3 15 Interest accrued on collateral loans 12851 32 16 Interest due 2235294 and accrued 26 00125 on premium notes policy loans or liens 48414 19 20 Rents due on companys property or lease 410 00 Total 290917 15 Less interest accrued on reinsurance fund 2420 04 21 Total interest and rents due and accrued 288 491 11 24 Due from other companies for losses or claims on poli cies of this company reinsured 5 000 00ComptrollerGenerals Eeport 715 New Business Benewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance 10497 91 315208 73 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 23957 02 330323 27 27 Totals 34454 93 645532 00 28 Deduct loading 20281 56 126569 85 29 Net amount of uneollected and deferred premiums 14173 37 518962 15 533135 52 35 Gross assets 24308696 75 Deduct Assets Not Admitted 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 32068 58 43 Book value of ledger assets over market value viz Virginia special deposit excess of deposit over liabilities 19 15800 unearned portion of bonus on mortgages purchased 516316 total 24321 76 Total 56389 74 Admitted assets life department 24252307 01 Admitted assets accident department 1990698 91 46 Total admitted assets 26243005 92 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 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 poli cies issued prior to January 1 1901 5483787 00 Same for reversionary 116319 00 Total 5600106 00716 ComptrollerGenerals Report 2 American Experience table at 3 per cent on all policies issued from De cember 31 1900 to January 1 1908 and nonparticipating policies issued subsequent to December 31 1907 12383196 00 Same for reversionary additions 1262910 00 Total 13646106 00 3 American Experience table at 3 per cent on annual dividend policies issued in 1907 and all participating policies issued subsequent to December 31 9 2580715 00 Same for reversionary additions 24309 00 Total 2605024 00 5 Net present value of annuities including those in reduction of premiums viz Actuaries table at 4 per cent 7966 00 American Experience table at 3 per cent 121744 00 Total 129710 00 Total 219S0946 00 6 Deduct net value of risks of this company reinsured in other solvent companies 149 828 00 7 Reserve to provide for health and accident benefits con tained in life policies 50425 00 8 Net reserve 21881543 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 7S874 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 1932 00 12 Claims for death losses in process of ad justment or adjusted and not due 10184 46 13 Claims for death losses incurred for which no proofs have been received 66294 00 14 Claims for matured endowments due and unpaid 2829 00 15 Claims for death losses and other policy claims resisted by the company 30000 00ComptrollerGenerals Report 717 16 Due and unpaid on annuity claims involv ing life contingencies 196 00 17 Total policy claims 18 Due and unpaid on supplementary contracts not involv ing life contingencies 19 Dividends left with the company to accumulate at in terest 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 22 Commissions due to agents on premium notes when paid 23 Commissions to agents due or accrued 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners fees 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30 Unpaid dividends to stockholders set aside for dividend payable January 2 1913 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 34 Amounts set apart apportioned provisionally iascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not in cluded in item 33 Reserve special or surplus funds not included above Renewal bonus fund 35 40 Liabilities of life department 41 Liabilities of accident department 44 Capital stock 45 Unassigned funds surplus life department 7 18303 accident department 7030000 total 109503 46 50 00 7713 64 48453 15 88552 15 2207 20 5452 43 8137 35 12719 00 85000 00 45000 00 2078 26 199244 10 72439 35 775871 24 32413 65 23457123 98 920398 91 1000000 00 865483 03 46 Total life and accident department 26243005 92718 ComptbollerGenerals Eepoet Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 1093 1852051 00 18 Policies on the lives of citizens of said State issued during the year 125 252476 00 19 Total 1218 2104527 00 20 Deduct ceased to be in force during the year 86 136 311 00 21 Policies in force December 31 1132 1 968 216 00 22 Losses and claims unpaid December 31 of pre vious year 1 1107 00 23 Losses and claims incurred during year 5 6 434 09 24 Total 6 7541 00 25 Losses and claims settled during the year in cash 6 7541 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 54 3SO 05 PAN AMERICAN LIFE INSURANCE CO OF NEW ORLEANS LA Crawford H Ellis President James L Wright Secretary Principal Office New Orleans Louisiana Hon Wm A Wright Attorney for Service in Georgia LCapital Stock 1 Amount of capital paid up i cash 655830 00 2 Amount of capital and surplus paid in on March 28 1912 1077180 00 4 Extended at 1077180 00 IIIncome 5 First years premiums on original policies Without deduction for commissions or other expenses less 471814 for first years reinsurance 135850 18 9 Surrender values applied to purchase paid up insurance and annuities 2 159 79 12 Total new premiums 138009 97CompteollebGenebals Report 719 13 Eenewal premiums without deduction for commissions or other expenses less 31746 for reinsurance on renewals 14 Dividends applied to pay renewal pre miums 16 Surrender values applied to pay renewal premiums 91248 58 2526 38 27 42 18 Total renewal premiums 19 Total premium income 21 Dividends left with the company to accumulate at in terest 22 Ledger assets other than premiums received from other companies for assuming their risks 23 Gross interest on mortgage loans less 3 88405 accrued interest on mortgages acquired during 1912 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks less 1142343 accrued interest on bonds acquired during 1912 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 32 Gross rent from companys property 7111 93 70 00 22022 67 1295 65 13855 93 340 00 33 Total gross interest and rents 34 From other sources viz Commissions paid C II Ellis by fiscal agents in connection with organization and donated by him to company 2850000 suspense 76839 total 40 From agents balances previously charged off 93802 38 231812 35 200 35 116287 21 44696 18 29268 39 1855 54 43 Total income 424120 02 IIIDisbursements 1 For death claims 38000 00 3 Net amount paid for losses and matured endowments 6 Surrender values paid in cash or applied in liquidation of loans 7 Surrender values applied to pay renewal premiums 8 Surrender values applied to purchase paidup insurance and annuities 38000 00 7662 21 27 42 2159 79720 ComptbolleeGenebals Kepoet 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 375 75 10 Coupons and dividends applied to pay renewal premiums 2526 38 13 Dividends left with the company to accumulate at in terest 200 35 14 Total paid policyholders 50 951 90 15 Expense of investigation and settlement of policy claims 63 85 17 Coupons guaranteed reductions and dividends and in terest thereon held on deposit surrendered during the year 1623 09 19 Commissions to agents less commission on reinsurance First years premiums 7579468 renewal premiums 148363 total 77 278 31 20 Commuted renewal commissions 70 00 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 11519 10 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 5 118 06 23 Branch office expenses including salaries and managers and clerks not included in item 21 3 342 26 24 Medical examiners fees 1193635 inspection of risks 342782 total 15 364 17 25 Salaries and all other compensation of officers directors trustees and home office employees 35 706 59 26 Bent including occupancy of its own buildings 4470 53 27 Advertising 389572 printing and stationery 12 07366 postage telegTaph telephone and express 3 44562 exchange 45945 total 19 874 45 28 Legal expense not included in item 15 2593 90 30 Repairs and expenses other than taxes on real estate 509 37 31 Taxes on real estate 290 25 32 State taxes on premiums ino or 33 Insurance department licenses and fees 2 077 66 34 All other licenses fees and taxes viz Agents licenses 71950 municipal licenses 22080 personal property tax 295900 total 3 899 30 38 Other disbursements viz Traveling expenses general 216215 loan appraisement and expenses4776 bonus premiums home office 10535 agents 53694 total 64229 salary of traveling renewal man 79050 incidental expenses 120514 total 4 847 84 45 Agents balances charged off 2l87 99 46 Gross loss on sale or maturity of ledger assets viz Bonds 48 Total disbursements 787 50 242698 37ComptrollerGenerals Report 721 IVLedger Assets 1 Book value of real estate 45300 00 2 Mortgage loans on real estate first liens 631465 00 3 Loans secured by pledge of bonds stocks or other col lateral 104500 00 4 Loans made to policyholders on this companys policies assigned as collateral 29659 36 5 Premium notes on policies in force 2869 10 6 Book value of bonds 30775217 and stocks 3600000 total 343752 17 7 Cash in companys office 35 96 9 Deposits in trust companies and banks on interest 26958 12 10 Agents balances debit 968085 credit 67263 net 9008 22 11 Furniture and fixtures home office 1337768 branch office 141200 cash deposit with Kepublic of Panama 5000000 total 64789 68 12 Total ledger assets 1258601 65 NonLedger Assets 13 Interest accrued on mortgages 5311 97 14 Interest accrued on bonds 5830 84 15 Interest accrued on collateral loans 1300 75 20 Bents accrued on companys property or lease 375 00 21 Total interest and rents due and accrued 12818 56 New Business 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 743 18 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 14724 47 27 Totals 15467 63 28 Deduct loading 10311 78 Benewals 8283 75 4226 61 12510 36 1876 56 29 Net amount of uncollected and deferred premiums 5155 85 10633 80 15789 65722 ComptbollebGenebals Report 31 Commissions due from other companies on reinsurance premiums paid 174 04 33 Bent due on sublease 66 38 35 Gross assets 1287450 28 Deduct Assets Not Admitted 37 Furniture fixtures and safes 14789 68 38 Agents debit balances net 9008 22 41 Premium notes and loans on policies and net premiums in item 29 in excess of the value of their policies 545 46 Total 24343 36 46 Admitted assets 1263106 92 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the com pany on the following tables of mor tality and rates of interest viz 2 American Experience table at 3Vi per cent on all domestic business including 2540752 of coupons and reductions left on deposit 312528 52 4 Other tables and rates viz N Y life 3 per cent Tropical table on all tropical and foreign business 76S9 00 Total 320217 52 6 Deduct net value of this company rein sured in other solvent companies 1574 00 7 Reserve to provide for health and accident benefits contained in life policies 2250 00 8 Net reserve 320893 52 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 576 91 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 172 82 20 Premiums paid in advance including surrender values so applied 1010 90 21 Unearned interest and rent paid in advance 1050 00ComptbollebGenerals Eepobt 723 23 Commissions to agents due or accrued agents credit balances 672 63 25 Salaries rents office expenses bills and accounts due or accrued 576 69 26 Medical examiners fees 100 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 4500 00 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 925 56 39 All other liabilities viz Suspense 76839 bonus com missions contingent 50000 total 1268 39 44 Capital stock 655830 00 45 Unassigned funds surplus 275529 50 46 Total 1263106 92 Business in the State of Georgia During the Year No Amount 18 Policies on the lives of citizens of said State issued during the year 98 349208 00 19 Total 98 349208 00 20 Deduct ceased to be in force during the year 24 71100 00 21 Policies in force December 31 74 278108 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 4516 47 PENN MUTUAL LIFE INSURANCE COMPANY OF PHILADELPHIA PENNSYLVANIA George K Johnson President John Humphreys Sec Treas Home Office 921 923 and 925 Chestnut Street Philadelphia Penna Henry O Bagley Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 22882056 56 4 Extended at 22882056 56724 ComptrollerGenerals Eepokt IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 2492866 57 6 Surrender values applied to pay first years premiums 19886 95 7 Total first years premiums on original policies 2512753 52 8 Dividends applied to purchase paidup additions and annuities 178416 05 9 Surrender values applied to purchase paid up insurance and annuities 304271 57 10 Consideration for original annuities in volving life contingencies 433571 06 11 Consideration for supplementary contracts involving life contingencies 8747 35 12 Total new premiums 3437759 55 13 Eenewal premiums without deduction for commissions or other expenses less 36 75796 for reinsurance on renewals 15647443 21 14 Dividends applied to pay renewal pre miums 1770554 46 16 Surrender values applied to pay renewal premiums 4420 40 17 Eenewal premiums for deferred annuities 16191 53 18 Total renewal premiums 17 438 609 60 19 Total premium income 20876369 15 20 Consideration for supplementary contracts not involving life contingencies 408553 52 21 Dividends left with the company to accumulate at in terest 21280 29 23 Gross interest on mortgage loans less 52 52813 accrued interest on mortgages acquired during 1912 2600835 86 24 Gross interest on collateral loans 91741 32 25 Gross interest on bonds and dividends on stocks less 3198597 accrued interest on bonds acquired during 1912 2196299 19 26 Gross interest on premium notes policy loans or liens 1119885 65 27 Gross interest on deposits in trust com panies and banks 90203 77 28 Gross interest on other debts due the company viz Bills receivable etc 11699 39 ComptrollerGenerals Report 725 31 Gross discount on claims paid in advance Endowments paid within one year of maturity 702 74 32 Gross rent from companys property in cluding 5452000 for companys occu pancy of its own buildings 160064 88 33 Total gross interest and rents 6271432 80 34 From other sources viz Bonuses on mortgages 11 12255 suspended bank dividends 49344 trust funds received being proceeds of death claims left with company as interest 1040000 total 22015 99 41 Gross profit on sale or maturity of ledger assets viz Bonds 5208137 stocks 611000 total 58191 37 43 Total income 27657843 12 IIIDisbursements 1 Tor death claims less 10700000 rein surance 603916411 additions 63 45600 total 6102620 11 2 For matured endowments 261041872 additions 6617100 total 2676589 72 3 Net amount paid for losses and matured endowments 8779209 83 4 For annuities involving life contingencies 398064 88 5 Premium notes and liens voided by lapse less 1485121 restorations 70171 65 6 Surrender values paid in cash or applied in liquidation of loans or notes 2489811 05 7 Surrnder values applied to pay new premiums 19886 95 to pay renewal premiums 442040 total 24307 35 8 Surrender values applied to purchase piadup insurance and annuities 30427157 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 802570 80 10 Dividends applied to pay renewal premiums 1770554 46 12 Dividends applied to purchase paidup additions and an nuities 178416 05 13 Dividends left with the company to accumulate at interest 21280 29 14 Total paid policyholders 14838657 93 15 Expense of investigation and settlement of policy claims including 469128 for legal expenses 6958 92 16 Paid for claims on supplementary contracts not involving life contingencies 262210 25 17 Dividends and interest thereon held on deposit surrendered during the year 2235 75726 ComptrollerGenerals Eeport 19 Commissions to agents less commission on reinsurance First years premiums 115013270 renewal prem iums 1087364 89 annuities original 1631763 renewal 161519 total 2255430 41 20 Commuted renewal commissions 85 132 54 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 25419 37 23 Branch office expenses including salaries of managers and clerks not included in item 21 agency clerk hire 127376 66 24 Medical examiners fees 13125644 inspection of risks 1834457 total 149601 01 25 Salaries and all other compensation of officers directors trustees and home office employees 474 632 73 26 Rent including 5452000 for companys occupancy of its own buildings 140075 64 27 Advertising 2140811 printing and stationery 5867904 postage telegraph telephone and express 6856901 exchange 370 total 148659 86 28 Legal expense not included in item 15 24911 90 29 Furniture fixtures and safes 13 605 57 30 Repairs and expenses other than taxes on real estate 46501 61 31 Taxes on real estate 26 977 59 32 State taxes on premiums 291 048 23 33 Insurance department licenses and fees 19 316 32 34 All other licenses fees and taxes Federal corporation tax 8371885 municipal state licenses compulsory advertising etc 1097708 taxes on investments 263 47058 total 358166 51 38 Other disbursements Investment inspections traveling and other expenses incidental thereto 1185276 special mor tality investigations 512932 election expenses 92777 home office expenses supplies etc 35 98165 total 53891 50 45 Agents balances charged off 55 30 47 Gross decrease by adjustment in book value of ledger assets viz bonds 69 713 74 48 Total disbursements 19420579 34 IVLedger Assets 1 Book value of real estate 2573134 91 2 Mortgage loans on real estate first liens 52160392 63 3 Loans secured by pledge of bonds stocks or other collateral 2144114 99 4 Loans made to policyholders in his companys policies as signed as collateral 18670660 74 5 Premium notes on policies in force of which 5831971 is for first years premiums 3 370 764 00ComptrollerGenerals Eeport 727 6 Book value of bonds 4965538471 and stocks 332 80637 total 49988191 08 7 Cash in company s office 10026 85 9 Deposits in trust companies and banks on interest 1868986 29 10 Bills receivable 19779039 agents balances debit 11 31810 credit 32701 net 10991 09 208781 48 11 Bills receivable for premiums 134294 22 12 Total ledger assets 131119320 34 NonLedger Assets 13 Interest due 808614 and accrued 891 97875 on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 16 Interest due 284175 and accrued 15 87361 on premium notes policy loans or liens 18 Interest accrued on bills receivable 19 Interest accrued on bills receivable for premiums 20 Rents due 53672 and accrued 631142 on companys property or lease 900064 89 715475 10 18336 46 18715 36 1876 78 2129 18 6848 14 21 Total interest and rents due and accrued 1663445 97 22 Marketh value of real estate over book value 29230 18 24 Due from other companies for losses or claims on policies of this company reinsured 18400 00 New Business Renewals 25 Gross premiums due and unreported on policies in force Dec 31 1912 26 Gross deferred premiums on policies in force Dec 31 1912 1655487 50 97386 31 1262030 25 27 Totals 28 Deduct loading 97386 31 21327 60 2917517 75 638936 38 29 Net amount of uncollected and deferred premiums 76058 71 2278581 37 2354640 08 31 Checks for annuities issued in advance but not delivered 1087 70 35 Gross assets 135186124 2728 CompteolleeGeneeals Eepoet Deduct Assets Not Admitted 38 Agents debit balances gross 11318 10 39 Cash advanced to or in the hands of offi cers or agents all to agents 197790 39 40 Bills receivable for premiums 134294 22 41 Premium notes loans on policies and net premiums in item 29 in excess of the net value of their policies 24 736 12 42 Overdue and accrued interest on bonds in default not included in item 14 43 Book value of ledger assets over market value viz Book value of bonds over market value 438493 12 44 Interest accrued on bills receivable 4005 96 46 Admitted assets134375486 36 rLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Bee 1912 as computed by the Companys Actuary on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on all insurance 107488364 00 Same for reversionary additions 1349760 00 5 Net present value of annuities including those in reduction of premiums American 3 per cent table 483 571 00 McClintock s 3 per cent table 3792607 00 Total 113114302 00 6 Deduct net value of risks of this company reinsured in other solvent companies 97014 00 8 Net reserve113017288 00 9 Present value of amounts not yet yet due on supplemen tary contracts not involving life contingencies com puted by the companys actuary 2 547 754 00 12 Claims for death losses in process of ad justment or adjusted and not due 544588 80 13 Claims for death losses incurred for which no proof have been received IS 476 42 15 Claims for death losses and other policy claims resisted by the company 4937 86 17 Total policy claims 568003 08 19 20 21 22 24 25 26 27 31 32 34 35 37 38 40 41 43 17 18 19 CompteolleeGenebals Eepoet 729 Dividends left with the company to accumulate at in terest and accrued interest thereon 46035 78 Premiums paid in advance including surrender values so applied 72218 26 Unearned interest and rent paid in advance 534408 47 Commissions due to agents on premium notes when paid 58940 59 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon included in unadmited assets item 41 Salaries rents office expenses bills and accounts due or accrued 2524 87 Medical examiners fees 1580000 and legal fees 1 95000 due or accrued 17750 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 696458 55 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 496702 75 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 568612 70 Amounts set apart apportioned provisionally ascertained calulated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 8603420 64 Reserve special or surplus funds not included above Eeserve for mortality fluctuation 1487232 00 Reserve for asset fluctuation and other contingent liabili ties 2274965 44 Trust deposits 7680 00 Proceeds of policies left with company at interest 33355 23 Matured credits awaiting proof 35136 00 Total134375486 36 Business in the State of Georgia During the Year No Amount Policies on lives of citizens of said state in force Dec 31 of previous year14431 26940499 00 Policies on the lives of citizens of said state issued during the year 1385 2757875 00 Total 15816 29698374 00730 ComptrollerGeneeals Eeport 20 Deduct ceased to be in force during the year including 2608400 transferred from said state because of change of residence 1023 1876 322 00 21 Policies in force December 3114793 27822052 00 22 Losses and claims unpaid December 31 of previous year 10 21400 00 23 Losses and claims incurred during year 151 361086 50 24 Total 161 382486 50 25 Losses and claims settled during the year 154 372486 50 26 Losses and claims unpaid December 31 7 10000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 924212 10 PHOENIX MUTUAL LIFE INSURANCE COMPANY OF HARTFORD CONNECTICUT John M Holcombe President Silas H Cornwell Secretary Charles S Northern Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 31450838 76 4 Extended at 31450838 76 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 311770 for first years reinsurance 705048 41 6 Surrender values applied to pay first years premiums 6452 24 7 Total first years premiums on original policies 711500 65 8 Dividends applied to purchase paidup ad ditions and annuities 27974 34 9 Surrender values applied to purchase paid up insurance and annuities 77267 29 ComptrollerGenerals Report 731 10 Consideration for original annuities in volving life contingencies 71442 96 11 Consideration for supplementary contracts involving life contingencies 33207 00 12 Total new premiums 1021392 24 13 Renewal premiums without deduction for commissions or other expenses less 3793011 for reinsurance on renewals 3878024 11 14 Dividends applied to pay renewal prem iums 489329 62 15 Dividends applied to shorten the endow ment or premiumpaying period 5195 00 16 Surrender values applied to pay renewal premiums 26395 42 18 Total renewal premiums 4398944 15 19 Total premium income 5420336 39 20 Consideration for supplementary contracts not involving life contingencies 23839 00 21 Dividends left with the company to accumulate at in terest 94874 82 23 Gross interest on mortgage loans less 631213 accrued interest on mort gages acquired during 1912 1059933 13 25 Gross interest on bonds and dividends on stocks less 419546 accrued interest on bonds acquired during 1912 317023 83 26 Gross interest on premium notes policy loans or liens 228927 79 27 Gross interest on deposits in trust com panies and banks 14631 86 29 Gross interest on debts paid by agents 34 93 31 Gross discount on claims paid in advance 586 72 32 Gross rent from companys property in cluding 1500000 for companys occu pancy of its own buildings 49524 78 33 Total gross interest and rents 1670663 04 34 From other sources Mortgage loan commissions received 936690 guarantee of mortgage loans 23232 recovery of payment for death claim paid in 1911 13 12944 total 22728 66 40 From agents balances previously charged off 4751 41 41 Gross profit on sale or maturity of ledger assets viz Real estate 47500 bonds 1400 stocks 1375800 14247 00732 ComptrollerGeneral s Report 42 Gross increase by adjustment in book value of ledger assets viz Bonds 3324 50 43 Total income 7254704 82 IIIDisbursements 1 Death claims less 782300 reinsurance 172511344 additions 2795836 175307180 2 For matured endowments 51372350 additions 3079761 total 544521 11 9 10 11 12 13 14 15 16 17 19 20 21 22 23 Net amount paid for losses and matured endowments 2297592 91 For annuities involving life contingencies 26305 50 Premium notes and liens voided by lapse 387 00 Surrender values paid in cash or applied in liquidation of loans or notes 648084 47 Surrender values applied to pay new premiums 645224 to pay renewal premiums 2639542 32847 66 Surrender values applied to purchase paidup insurance and annuities 77267 29 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 52840 44 Dividends applied to pay renewal premiums 489329 62 Dividends applied to shorten the endowment or premium paying period 5195 00 Dividends applied to purchase paidup additions and annuities 127974 34 Dividends left with the company to accumulate at in terest 94874 82 Total paid policyholders 3852699 05 Expense of investigation and settlement of policy claims including 37100 for legal expenses 653 66 Paid for claims on supplementary contracts not involving life contingencies 9426 92 Dividends and interest thereon held on deposit surren dered during the year 33395 22 Commissions to agents less commission on reinsurance First years premiums 32139181 renewal premiums 25166824 annuities original 254915 total 575609 20 Commuted renewal commissions 24 242 13 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 17682 44 Agency supervision and traveling expenses of supervisors including compensation for home office supervision 25841 07 Branch office expenses including salaries and managers and clerks not included in item 21 163018 33CompteolleeGenebals Repoet 733 24 Medical examiners fees 5942535 inspection of risks 879824 total 68223 59 25 Salaries and all other compensation of officers directors trustees and home office employees 175023 23 26 Bent including 1500000 for companys occupancy of its own buildings 15000 00 27 Advertising 355884 printing and stationery 38 43173 postage telegraph telephone and express 1641680 exchange 485 58412 22 28 Legal expense not included in item 15 3188 11 29 Furniture fixtures and safes 10758 12 30 Eepairs and expenses other than taxes on real estate including 32000 per schedule I 22113 07 31 Taxes on real estate 3008 69 32 State taxes on premiums 61780 54 33 Insurance department licenses and fees 6671 94 34 All other licenses fees and taxes Federal corporation tax 250932 Franchise tax 7777941 reserve 3 40902 municipal licenses taxes 227798 publish ing 63553 291351 state treasurers fees and bonds 15850 chancery Clerks attorneys and recorders 22340 total 86993 16 38 Other disbursements Home office traveling expenses 235434 miscellaneous expenses 1585717 mort gage loan expenses 329367 commissions paid on loans per schedule I 1788329 interest on income bonds issued by company 33897 total 39727 44 45 Agents balances charged off 6537 01 46 Gross loss on sale or maturity of ledger assets viz Real estate 202200 bonds 45200 total 2474 00 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 7887 45 48 Total disbursements 5270366 59 IVLedger Assets 1 Book value of real estate 709300 00 2 Mortgage loans on real estate first liens 20468661 23 4 Loans made to policyholders on this companys policies assigned as collateral77 4618829 62 5 Premium notes on policies in force 83417 54 6 Book value of bonds 660755200 and stocks 33561900 6943171 00 7 Cash in companys office 807 21 9 Deposits in trust companies and banks on interest 607271 22 10 Bills receivable agents balances debit 820319 credit 442402 net 377917 3779 47 12 Total ledger assets 33435236 99734 ComptrollerGenerals Eeport NonLedger Assets 13 Interest due 715550 and accrued 413 92477 on mortgages 421080 27 14 Interest accrued on bonds 48123 76 16 Interest due 1839547 and accrued 8 95718 on premium notes policy loans or liens 27352 65 17 Interest accrued on other assets 7 67 21 Total interest and rents due and accrued 496564 35 22 Market value of real estate over book value 6500 00 25 Gross premiums due and unreported on policies in force Dec 31 1912 270355 05 26 Gross deferred premiums on policies in force December 31 1912 301718 25 27 Total 28 Deduct loading 572073 30 129878 09 29 Net amount of uncollected and deferred premiums 442195 21 35 Gross assets 34380496 55 Deduct Assets Not Admitted 8203 19 38 Agents debit balances gross 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 43 Book value of ledger assets over market value viz Stocks and bonds 1074 95 75102 20 45 Total 84380 31 46 Admitted assets 34296116 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed by the company on 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 16373367 00 Same for reversionary additions 608485 00 ComptrollerGenerals Eeport 735 2 American Experience table at 3 per cent on participating policies issued after Jan 1 1901 and all 1907891011 and 1912 issue and extended insurance 13001476 00 Same for reversionary additions 381587 00 3 American Experience table at 3 per cent on nonparticipating policies issued for years 19011906 inclusive 917021 00 4 Other tables and rates viz Extra reserve on policies where dividends have been applied to shorten the endowment or premium paying period valued by Am erican Experience table at 3 per cent 27278 00 5 Net present value of annuities including those in reduction of premiums McClintocks annuity table 3 per cent 379801 00 Present value of amounts used in reduction of premiums American 3 per cent 26720 00 Total 31715735 00 6 Deduct net value of risks of this company reinsured in other solvent companies 135623 00 8 Net reserve 31580112 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Company at 3 per cent interest 63381 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 15382 65 12 Claims for death losses in process of ad justment or adjusted and not due 31359 69 13 Claims for death losses incurred for which no proofs have been received 60000 00 17 Total policy claims 91359 69 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 245437 39 20 Premiums paid in advance including surrender values so applied 26720 56 21 Unearned interest and rent paid in advance 111698 16 23 Commissions to agents due or accrued 9587 83 25 Salaries rents office expenses bills and accounts due or accrued 1744 59 26 Medical examiners fees 4632 00 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 61297 66 736 CompteollebGeneeals Eepoet 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 59554 34 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 788667 00 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 31415 85 34 Amounts set apart apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not included in item 33 43989 64 35 Beserve special or surplus funds not included above Contingent deferred term dividends 1493383 re serve for special paidup option 500000 total 19933 83 45 Unassigned funds surplus 1139 202 02 46 Total 34296116 21 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 989 2431327 00 18 Policies on the lives of citizens of said State issued during the year 170 495945 00 19 Total 1159 2927272 00 20 Deduct ceased to be in force during the year 76 185708 00 21 Policies in force December 31 1083 2 741 564 00 23 Losses and claims incurred during year 19 79 042 79 24 Total 19 i9j042 79 25 Losses and claims settled during the year in cash 19 79042 79 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 88 577 47ComptbollerGeneeals Eepoet 737 pittsburgh life trust company of pennsylvania W C Baldwin President Jas H Mahan Secretary Principal Office Liberty Ave and 61st St Pittsburgh Pa W A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 23285693 26 4 Extended at 23285693 26 IIIncome First years premiums on original policies without deduction for commissions or other expenses less 55555 for first years reinsurance 415407 74 7 Total first years premiums on original policies 415407 74 8 Dividends applied to purchase paidup ad ditions and annuities 36933 00 9 Surrender values applied to purchase paid up insurance and annuities 28360 00 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 479820 for reinsurance on renewals 2296132 31 14 Dividends applied to pay renewal pre miums 29754 49 16 Surrender values applied to pay renewal premiums 21359 89 17 Renewal premiums for deferred annuities 158 71 480700 74 18 Total renewal premiums 2347405 40 19 Total premium income 2828106 14 20 Consideration for supplementary contracts not involving life contingencies 21702 17 21 Dividends left with the company to accumulate at in terest 3688 58 23 Gross interest on mortgage loans less 9119 accrued interest on mortgages acquired during 1912 316133 60738 CompteollebGenebals Repobt 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany viz Miscellaneous interest 32 Gross rent from companys property in cluding 2347000 for companys occu pancy of its own buildings ISO 00 184386 08 223447 80 5786 79 24450 85 438352 53 33 Total gross interest and rents 34 From other sources viz Profit and loss 167200 surrender values due and unpaid 3937 suspense account 120821 health and accident premiums in connection with life policies 744925 total 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Bonds 42 Gross increase by adjustment in book value of ledger assets viz Bonds 1192737 65 10368 83 4S5 31 1008 35 5980 94 44 Total income 4064077 97 1TTDisbursements 1 For death claims 157415044 additions 3295998 total 1607110 42 2 For matured endowments 55273200 ad ditions 365311 total 556385 11 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay renewal premiums 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 13 Dividends left with the company to accumulate at in terest 2163495 53 21475 61 637223 71 21359 89 28360 00 145516 36 29754 49 36933 00 3688 58 14 Total paid policyholders 3087807 17ComptrollerGenerals Report 739 15 Expense of investigation and settlement of policy claims including 35700 for legal expenses 546 83 16 Paid for claims on supplementary contracts not involv ing life contingencies 11022 88 17 Dividends and interest thereon held on deposit surren dered during the year 6742 62 18 Paid stockholders for interest or dividends 100000 00 19 Commissions to agents less commission on reinsurance First years premiums 10189528 renewal premiums 7081993 total 172715 21 20 Commuted renewal commissions 1400 00 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22026 78 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 74126 60 23 Branch office expenses including salaries of managers and clerks not included in item 21 13653 87 24 Medical examiners fees 2011756 inspection of risks 269741 total 22814 97 25 Salaries and all other compensation of officers directors trustees and home office employees 116761 40 26 Kent including 2347000 for companys occupancy of its own buildings 23470 00 27 Advertising 1564386 printing and stationery 13 41638 postage telegraph telephone and express 1391418 total 42974 42 28 Legal expense not included in item 15 4533 78 29 Furniture fixtures and safes 880 59 30 Repairs and expenses other than taxes on real estate 124026 40 31 Taxes on real estate 109426 14 32 State taxes on premiums 31030 60 33 Insurance department licenses and fees 6348 99 34 All other licenses fees and taxes viz Federal cor poration tax 735751 capital stock tax 574205 total 13099 56 38 Other disbursements viz General expense 232325 investment expense 1338535 profit and loss 63510 health and accident claims paid 168821 total 18031 91 46 Gross loss on sale or maturity of ledger assets viz Real estate 1350000 bonds 130396 total 14803 96 47 Gross decrease by adjustment in book value of ledger assets viz Bonds including 185300 for amorti zation of premium 1853 00 48 Total disbursements 4020097 68740 ComptrollerGenerals Eeport IVLedger Assets 1 Book value of real estate 7978861 85 2 Mortgage loans on real estate first liens 6702015 00 3 Loans secured by pledge of bonds stocks or other col lateral 3000 00 4 Loans made to policyholders on this companys policies assigned as collateral 4148194 42 5 Premium notes on policies in force 83352 14 6 Book value of bonds 412005823 and stocks 39 00000 total 4159058 23 7 Cash in companys office 3853 25 9 Deposits in trust companies and banks on interest 220676 66 10 Bills receivable 75 00 11 Washington life stock 2488700 contingent reversion 570000 total 30587 00 12 Total ledger assets NonLedger Assets 13 Interest due 521565 and accrued 66 28273 on mortgages 14 Interest accrued on bonds 16 Interest due 1963447 and accrued 22 67339 on premium notes policy loans or liens 17 Interest accrued on other assets viz Bank balances 20 Rents due on company s property or lease 71498 38 48158 24 42307 86 179 10 7190 73 21 Total interest and rents due and accrued 22 Market value of real estate over book value New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 10552 00 121586 92 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 25814 63 183443 39 27 Totals 36366 63 305030 31 28 Deduct loading 6414 00 57151 80 29 Net amount of uncollected and deferred premiums 35 Gross assets 169334 31 448108 06 277831 14 24224947 06ComptrollerGenerals Report 741 Deduct Assets Not Admitted 40 Bills receivable 75 00 41 Premium notes and loans on policies and net premiums initem 29 in excess of the net value of their policies 10908 43 43 Book value of ledger assets over market value viz Washington Life Insurance Co stocks 2488700 bonds not subject to amortization 972930 stock 6 60000 total 104329 30 Total 129216 30 46 Admitted assets 24084747 33 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 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 10366811 00 Same for reversionary additions 168575 00 Total 10535386 00 2 American experience table at 31 per cent 6114283 00 Same for reversionary additions 110347 00 Total 6224630 00 3 American Experience table at 3 per cent 4376257 00 Total 4376257 00 5 Net present value of annuities including those in reduction of premiums viz Actuaries 4 per cent 8782000 American 3 per cent 4840000 American 3 per cent 297600 total 139196 00 Total 21275469 00 6 Deduct net value of risks of this company reinsured in other solvent companies 5451 00 7 Beserve to provide for health and accident benefits con tained in life policies 3129 00 8 Net reserve 21273147 00742 ComptrolleeGeneeal s Report 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 90242 00 12 Claims for death losses in process of ad justment or adjusted and not due 83704 76 13 Claims for death losses incurred for which no proofs have been received 80771 57 14 Claims for matured endowments due and unpaid 14938 56 15 Claims for death losses and other policy claims resisted by the company 23000 00 17 Total policy claims 202414 89 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 8137 48 20 Premiums paid in advance including surrender values so applied 25309 40 21 Unearned interest and rent paid in advance 139498 97 23 Commissions to agents due or accrued 7190 00 25 Salaries rents office expenses bills and accounts due or accrued 8507 54 26 Medical examiners fees 199750 and legal fees 20000 due or accrued 2197 50 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the yeaT of this statement 38631 54 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 16449 88 34 Amounts set apart apportioned previsionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 27541 23 35 Reserve special or surplus funds not included above Extra reserve for increasing insurance in total ab stinanee clause 5731 00 Extra reserve for surrender values in excess of net values of their policies 21228 00 38 Death claims estimated less reserve notices received after December 31 1912 10000 00 39 All other liabilities viz Surrender values due and un paid 67195 suspense account 164691 total 2318 86 44 Capital stock 1000000 00 45 Unassigned funds surplus i 1206202 04 46 Total 24084747 33ComptrollekGenerals Eeport 743 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 694 l39u967 00 18 Policies on the lives of citizens of said State issued during the year 129 665497 00 19 Total 823 2056464 00 20 Deduct ceased to be in force during the year 160 567234 00 21 Policies in force December 31 663 1489230 00 22 Losses and claims unpaid December 31 of pre vious year 2 1100 00 23 Losses and claims incurred during year 19 33341 80 24 Total 21 34441 80 25 Losses and claims settled during the year in cash 18 32341 80 26 Losses and claims unpaid December 31 3 2100 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses including premiums collected by mail at home office 38846 88 PROVIDENT LIFE ACCIDENT INSURANCE COMPANY OF CHATTANOOGA TENNESSEE Thomas Maelellan President Robt T Maclellan Secretary Home Office James Building Chattanooga Tennessee Wm A Wright Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 150000 00 2 Amount of ledger assets as per balance December 31 of previous year 80944 08 4 Extended at 230944 08 IIIncome 1 Gross premiums written and renewed dur ing the year Accident and health 6 Net premiums 186972 00 186972 00 744 ComptbollerGenebals Eeport 22 Gross interest on mortgage loans 5127 37 23 Gross interest on collateral loans 962 13 24 Gross interest on bonds and dividends on stocks less 2148 accrued interest on bonds acquired during 1912 2656 97 25 Gross interest on deposits in trust com panies and banks 693 49 26 Gross interest from all other sources viz On bills receivable held 1911 paid 1912 697 61 30 Total gross interest and rents 39 Total income 10137 57 216975 71 IIIDisbursements 1 Gross amount paid for losses Accident and health 72791 49 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 65645 72 28 Salaries fees and all other compensation of officers directors trustees and home office employees 23576 33 29 Salaries and all other expenses of agents not paid by commissions 14160 22 30 Medical examiners fees and salaries 2316 50 32 Eents including companys occupancy of its own build ings 1844 91 35 State taxes on premiums 2837 82 36 Insurance department licenses and fees 1681 40 37 All other licenses fees and taxes viz Traveling ex penses 6763 91 42 Legal expenses 1581 82 43 Advertising 1103 95 44 Printing and stationery 3358 61 45 Postage telegraph telephone and express 1 S73 66 47 Stockholders for interest or dividends amount declared during the year 1400000 14000 00 48 Other disbursements viz Miscellaneous 589 68 53 Agents balances charged off 251 61 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 16 90 56 Total disbursements 214394 53 IVLedger Assets 2 Mortgage loans on real estate first liens 83595 00 3 Loans secured by endorsement 17000 00 ComptrollerGenerals Beport Book value of bonds Deposits in trust companies and banks not on interest 14107 10 Deposits in trust companies and banks on interest 17060 00 25 26 Total cash items Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident and health Bills receivable Other ledger assets viz Furniture and fixtures 1 59371 agents debit balances 62460 accounts receivable 1042087 total 30 Ledger assets NonLedger Assets 31 32 33 Interest accrued on mortgages Interest accrued on bonds Interest accrued on collateral loans 1502 95 112 50 115 00 Total 45 46 51 57 2 3 8 20 Bills receivable 124 01 Furniture and fixtures 1593 71 Book value of ledger assets over market value viz Agents balances 624 60 Total Admitted assets VLiabilities Surplus and Other Funds Losses and claims reported or in process of adjustment Accident and health 2288 75 Losses and claims resisted 230 00 Total losses and claims Accident and health Total unpaid claims and expenses of settlement 745 67000 00 31167 10 19000 00 3124 01 12639 18 233525 29 1730 45 43 Gross assets 235255 74 Deduct Assets Not Admitted 2342 32 232913 42 2518 75 2518 75 746 CompteollebGenerals Report 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1900000 unearned premiums fifty per eent 9500 00 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident and health 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 44 Total 47 Capital actually paid up in cash 150000 00 48 Surplus over all liabilities 61794 67 49 Surplus as regards policyholders 50 Total liabilities VIExhibit of Premiums 1 In force December 31 1911 per line 5 of last years statement 2 Written or renewed during the year 3 Totals 4 Deduct expirations and cancellations 5 In force at the end of the year Business in the State of Georgia During the Year 27 Gross premiums less return premiums on risks written or renewed during the year Accident and health 28 Gross losses paid Accident and health 9500 00 4750i 00 500 00 3850 00 21118 75 211794 67 232913 42 10999 50 186972 00 197971 50 178672 38 19299 12 3778 00 1347 98ComptrollerGenerals Report 747 the prudential insurance co of america newark n j Forrest F Dryden President Willard I Hamilton Secretary Home Office 755 to 769 Broad Street Newark New Jersey J M Skinner 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 31st of previous year252344834 73 4 Extended at 252344834 73 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 3851213 83 6 Surrender values applied to pay first years premiums ordinary 82 85 7 Total first years premiums on original policies ordinary 3851296 68 8 Dividends applied to purchase paidup ad ditions and annuities ordinary 81974 84 9 Surrender values applied to purchase paid up insurance and annuities ordinary 523946 54 11 Consderation for supplementary contracts volving life contingencies 366562 29 10 Consideration for original annuities in involving life contingencies 17908 81 12 Total new premiums ordinary 4841689 16 13 Renewal premiums ordinary without deduction for commissions or other ex penses less 14848058 for reinsurance on renewals 23195560 95 14 Dividends applied to pay renewal pre miums ordinary 410515 26 16 Surrender values applied to pay renewal premiums ordinary 2354 41 17 Renewal premiums for deferred annuities 2429 84 18 Total renewal premiums ordinary 23610860 46 18a Total premium income ordinary 28452549 62748 ComptrollerGenerals Report 18b Industrial premiums Cash 4491000060 surrender values applied to purchase paidup insurance and an nuities 122754250 dividends applied to pay re newal premiums 108843756 dividends applied to purchase paidup additions and annuities 832319 total 47234303 85 203186 04 19 Total premium income 75686853 47 20 Consideration for supplementary contracts not involving life contingencies 23 Gross interest on mortgage loans less 7370732 accrued interest on mortga ges acquired during 1912 3179588 22 24 Gross interest on collateral loans 134661 81 25 Gross interest on bonds and dividends on stocks less 21741017 accrued interest on bonds acquired during 1912 6816124 01 Gross interest on premium notes policy loans or liens 1037153 28 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany viz On purchase price of prop erty sold under contract 6450 on revivals and changes in premiums 13 71758 on agents indebtedness 2 06646 on advances account of loans recovered under foreclosure proceedings 474 total Gross rent from companys property in cluding 65510004 for companys occu pancy of its own buildings 1091946 44 26 27 194958 81 15853 38 32 33 Total gross interest and rents 12470285 85 41 Gross profit on sale or maturity of ledger assets viz Real estate 67830 bonds 16330585 total 163984 15 43 Total income 88524309 51 IIIDisbursements 1 For death claims 1961834079 addi tions 21169026 total 19830031 05 2 For matured endowments 100063564 additions 558100 total 1006216 64 3 Net amount paid for losses and matured endowments 20836247 69 4 For annuities involving life contingencies 123280 58ComptrollerGenerals Keport 749 3 Surrender values paid in cash or applied in liquidation of loans or notes 3519349 04 7 Surrender values applied to pay new premiums 8285 to pay renewal premiums 235441 total 2437 26 8 Surrender values applied to purchase paidup insurance and annuities 1751489 04 9 Dividends paid to polieyholders in cash or applied in liquidation of loans or notes 3430466 24 10 Dividends applied to pay renewal premiums 1498952 82 12 Dividends applied to purchase paidup additions and annuities 90298 03 14 15 16 18 19 22 23 24 25 26 27 28 29 30 31 32 33 34 Total paid polieyholders 31252520 70 Expense of investigation and settlement of policy claims including 1325667 for legal expense 37114 23 Paid for claims on supplementary contracts not involv ing life contingencies 80320 33 Paid stockholders for interest on dividends 200000 00 Commissions to agents less commission on reinsurance First years premiums ordinary 138272979 re newal premiums ordinary 83722633 annuities original 1688306 renewal 12665 indus trial 876596322 total 11002929 05 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 351386 74 Branch office expenses including salaries of managers and clerks not included in item 21 3483877 86 Medical examiners fees 84797675 inspection of risks 6486536 total 912842 11 Salaries and all other compensation of officers directors trustees and home office employees 2620769 85 Bent including 65510004 for companys occupancy of its own buildings less 85100 received under sub lease 1014343 44 Advertising 8945156 printing and stationery 370 19858 postage telegraph telephone and express 20933362 exchange 14601 total 669129 77 Legal expense not included in item 15 44980 22 Furniture fixtures and safes 63553 98 Repairs and expenses other than taxes on Teal estate 335758 95 Taxes on real estate 147320 42 State and provincial taxes on premiums 1030368 44 Insurance department licenses and fees 37837 02 All other licenses fees and taxes viz Federal cor poration tax 14483699 life insurance excise tax Massachusetts 1947975 New Jersey State tax on surplus 18360341 municipal taxes and licenses 10823490 city and county taxes on premiums 4750 ComptbollekGesekals Eepobt 42435 local licenses and privilege taxes 552020 provincial tax on interest receipts 857 total 466107 97 38 Other disbursements viz Law library 117970 ex penses of annual audit by public accountants 11 50000 expense of examination by Sew Jersey State department 117100 sundry general expenses in eludes contributions of 1336720 toward expenses of the Association of Life Insurance Presidents of which 91560 was disbursed by them for legal expenses and 313060 for legislative expenses 21386503 pre miums on surety bonds 301724 investment expense account 3748349 legislative expenses 372615 compensation and expenses of medical referees 1 12790 service retirement allowances and payments made to disabled home office and field employees 60 66869 total 333739 201 46 Gross loss on sale or maturity of ledger assets viz Eeal estate 905700 bonds 1047375 total 19530 75 47 Gross decrease by adjustment in book value of ledger assets viz Eeal estate 266531 35 48 Total disbursements IVLedger Assets Book value of real estate Mortgage loans on real estate first liens Loans secured by pledge of bonds stocks or other col lateral Loans made to policyholders on this companys policies assigned as collateral Book value of bonds 15996959051 and stocks 2 96704450 total Cash in companys office 7104 24 Deposits in trust companies and banks not on interest 569633 01 Deposits in trust companies and banks on interest 7850791 02 18193970 02 73424091 65 2766500 00 20747952 87 162936635 01 Total cash items Agents balances debit 8427528 27 1504 04 10 12 Total ledger assets 286498181 85 NonLedger Assets 13 Interest due 5478557 and accrued 1 24032884 on mortgages 1295114 41 14 Interest accrued on bonds 2126582 90ComptrollerGenerals Report 751 15 Interest accrued on collateral loans 29699 73 16 Interest due 12609873 and acerued 17243 on premium notes policy loans or liens 126271 16 17 Interest due 85611 and accrued 321 on other assets viz Interest due on bank balances 85611 in terest accrued on purchase price of property sold under contract 321 859 31 20 Rents due 48813 and acerued 12 23350 on companys property or lease 12721 63 21 Total interest and rents due and accrued 3591249 15 New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums ordinary 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums ordinary 499476 43 4951 10 1437130 90 3943767 75 27 Totals ordinary 574427 53 5380898 65 28 Deduct loading ordinary 86168 12 930436 13 29 Net amount of uneollected and deferred premiums ordinary I 488259 41 4450462 52 493872193 29a Net amount of uneollected premiums industrial gross 127866464 deduct loading 52917537 749489 27 30 All other assets viz Stationery and printed matter 1000000 furniture fixtures and safes 5000000 law library 918644 total 69186 44 35 Gross assets 295846828 65 Deduct Assets Not Admitted 37 Supplies stationery printed matter 10 00000 furniture fixtures and safes 5000000 total 38 Agents debit balances gross 39 Law library 60000 00 1504 04 9186 44752 ComptbolleeGexebals Eepoet 43 Book value of ledger assets over market value viz Bonds and stocks 4259943 51 Total 4330633 99 46 Admitted assets 291516194 66 VLiabilities Surplus and Other Bunds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at four per cent on poli cies issued prior to January 1 1901 except as provided for in items 4 5 and 10 80969721 00 Same for reversionary additions 258994 00 Total 81228715 00 2 American Experience table at three per cent on policies issued after December 31 1900 and prior to August 1 1907 except as provided for in items 4 5 and 10 91555718 00 Same for reversionary additions 335959 00 Total 91891677 00 3 American Experience table at three ane onehalf per cent on ordinary policies issued after July 31 1907 except aT provided for in items 4 5 and 10 24216019 00 Total 24216019 00 4 Other tables and rates viz New York Standard Industrial table at three and onehalf per cent on indus trial policies issued after December 31 1906 except as provided for in item 10 24475743 00 New York Standard Intermediate table at three and onehalf per cent on in termediate intermediate rating and hazardous rating policies issued after July 31 1907 4598208 00 Liability on account of xtra premiums for occupation residence etc28 270 00ComptrollerGexerals Eeport 753 Reserve to cover contingent waiver of premiums contained in certain policies issued during 1912 based on Hunters Disability tables at three and Onehalf per cent 1779 00 Total 29104000 00 5 Net present value of annuities including those in reduction of premiums viz Actuaries table at four per cent on origi nal annuities issued prior to January 1 1901 and annuities supplemental to insurance issues in same period 207277 00 American Experience table at three and onehalf per cent on original annuities issued after December 31 1900 and prior to January 1 1907 and annuities supplemental to insurance issues after July 31 1907 238967 00 American Experience table at three per cent on insurance element of issues after December 31 1900 and prior to August 1 1907 and annuities supple mental to insurance issues in same period 47904 00 McClintock s tables at three and onehalf per cent on original annuities issued after December 31 1906 953922 00 Total 1448070 00 Total 227888481 00 6 Deduct net value of risks of this company reinsured in other solvent companies 743704 00 8 Net reserve 227144777 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 participating policies issued prior to 1901 four per cent on nonparticipating policies issued prior to 1901 or after July 31 1907 and on income policies three and onehalf per cent on all other policies three per cent 949959 13 10 Liability on policies canceled and not included in net reserve upon which a surrender value may be de manded 476442 00754 ComptrollerGenerals Eeport 12 Claims for death losses in process of ad justment or adjusted and not due 371291 60 13 Claims for death losses incurred for which no proofs have been received 753143 75 14 Claims for matured endowments due and unpaid 17912 20 15 Claims for death losses and other policy claims resisted by the company 81409 19 17 Total policy claims 18 Due and unpaid on supplementary contracts not involv ing life contingencies 900 00 20 Premiums paid in advance including surrender values so applied 904775 23 21 Unearned interest and rent paid in advance 543857 33 23 Commissions to agents due or accrued 33967 62 25 Salaries rents office expenses bills and accounts due or accrued 94678 48 26 Medical examiners fees 9950650 inspection of risks 250226 and legal fees 1032253 due or accrued 112331 29 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 1654315 22 30 Unpaid dividends to stockholders 200000 00 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums Annual dividend policies 30 98854 deferred dividend policies 15680808 non participating policies 3843092 total 226227 54 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 366456 00 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 4389043 00 33a Dividends declared on or apportioned to nonpartici pating industrial policies payable to policyholders during 1913 378214 00 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 27010196 41 35 Reserve special or surplus funds not included above Special reserve set aside prior to 1899 to prepare for a more stringent basis of reserve on industrial policies 1000000 00 40 Surrender values due and unpaid 118 28 Total 266710015 27ComptrollerGeneral s Eeport 755 44 Capital stock 2000000 00 45 Unassigned funds surplus 22806179 39 46 Total 291516194 66 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 6396 13272891 00 18 Policies on the lives of citizens of said State issued during the year 815 2038071 00 19 Total 7211 15310962 00 20 Deduct ceased to be in force during the year 439 918432 00 21 Policies in force December 31 6772 14392530 00 No Amount 22 Losses and claims unpaid December 31 of pre vious year 8 43100 00 23 Losses and claims incurred during year 64 117754 76 24 Total 72 160854 76 25 Losses and claims settled during the year in cash ordinary 66 151827 46 26 Losses and claims unpaid December 31 6 9027 30 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses ordinary 413523 43 RELIANCE LIFE INSURANCE COMPANY OF PITTSBURGH PA James H Reed President H G Scott Secretary Principal Office 5th Ave and Wood St Pittsburgh Pa J H Pearce Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 3153821 45 4 Extended at 3153821 45756 CompteollebGeneeals Kepobt IIIncome First years premiums on original policies without deduction for commissions or other expenses less 595489 for first years reinsurance 421638 04 7 Total first years premiums on original policies 421638 04 8 Dividends applied to purchase paidup ad ditions and annuities 11278 42 11 Consideration for supplementary contracts involving life contingencies 104 54 12 Total new premiums 433021 00 13 Renewal premiums without deduction for commissions or other expenses less 1677612 for reinsurance on renewals 798133 33 18 Total renewal premiums 798133 33 19 Total premium income 1231154 33 21 Dividends left with the company to accumulate at in terest 133 16 23 Gross interest on mortgage loans less 29133 accrued interest on mortgages 47335 07 24 Gross interest on collateral loans 43 50 25 Gross interest on bonds and dividends on stocks less 290278 accrued interest on bonds acquired during 1912 73449 72 26 Gross interest on premium notes policy loans or liens 25162 63 27 Gross interest on deposits in trust com panies and banks 2848 75 2 Gross interest on other debts due the com pany viz Interest on agents bal ances 2403 50 32 Gross rent from companys property in cluding companys occupancy of its own buildings 7244 14 33 Total gross interest and rents 158487 31 34 From other sources viz Receipts accident department separate statement filed giving details 19714 79 41 Gross profit on sale or maturity of ledger assets viz Bonds 22 50 Total income 1409512 09ComptrollerGenerals Report IIIDisbursements 1 For death claims 20364321 additions 150873 total 205151 94 757 3 Net amount paid for losses and matured endowments 205151 94 5 Premium notes and liens voided by lapse less 114795 restorations 11969 19 6 Surrender values paid in cash or applied in liquidation of loans or notes 43394 84 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 8778 05 12 Dividends applied to purchase paidup additions and annuities 11278 42 13 Dividends left with the company to accumulate at in terest 133 16 14 Totl paid policyholders 280705 60 15 Expense of investigation and settlement of policy claims 196 04 16 Paid for claims on supplementary contracts not involv ing life contingencies 900 00 19 Commissions to agents less commission on reinsurance First years premiums 27103257 renewal premiums 3218929 annuities original 2090 total 303242 76 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 20568 56 23 Branch office expenses including salaries of managers and clerks not included in item 21 152096 41 24 Medical examiners fees 4669166 inspection of risks 1101368 total 57705 34 25 Salaries and all other compensation of officers directors trustees and home office employees 84950 55 26 Rent including 2188000 for companys occupancy of its own buildings 21880 00 27 Advertising 391094 printing and stationery 27 81555 postage telegraph telephone and express 1253899 total 44265 48 28 Legal expense not included in item 15 2477 69 29 Furniture fixtures and safes 5719 85 30 Repairs and expenses other than taxes on real estate 358 52 31 Taxes on real estate 81 40 32 State taxes on premiums 16255 41 33 Insurance department licenses and fees 11989 15 34 All other licenses fees and taxes viz Federal cor poration tax 1344 tax on capital stock 500000 total 5013 44 38 Other disbursements viz Photographic 98357 library 46552 general expense premium on agency758 ComptrollerGenerals Eeport and office force bonds and miscellaneous 261319 annual audit and consulting expenses 163979 fire insurance on real estate and fixtures 7312 disburse ments accident department separate statement filed giving details 1671792 total 45 Agents balances charged off 46 Gross loss on sale or maturity of ledger assets viz Stocks 22493 11 12387 38 440 47 48 Total disbursements 1043727 16 IVLedger Assets 1 Book value of real estate 160056 40 2 Mortgage loans on real estate first liens 641300 00 4 Loans made to policyholders on this companys policies assigned as collateral 309335 73 5 Premium notes on policies in force 195861 25 6 Book value of bonds 1904375 18 7 Cash in companys office 6513 89 8 Deposits in trust companies and banks not on interest 37790 19 9 Deposits in trust companies and banks on interest 106330 30 10 Bills receivable 1245394 agents balances debit 145 02025 credit 14058950 153043 44 11 Judgment of record Paul Bright Wilmington Del 5000 00 12 Totl ledger assets 3519606 38 NonLedger Assets 13 Interest accrued on mortgages 9261 93 14 Interest accrued on bonds 17236 47 16 Interest accrued 783445 on premium notes policy loans or liens 7834 45 17 Interest accrued on other assets 227 37 20 Bents accrued on companys property or lease 78 00 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force Dec 31 1912 159254 63 26 Gross deferred premiums on policies in force Dec 31 1912 69462 90 34638 22 27 Total 28 Deduct loading 228717 53 45743 51 29 Net amount of uncollected and deferred premiums 182974 02ComptrollerGenerals Report 759 30 All other outstanding accident premiums 1749 7a 32 Office furniture and fixtures 54712 56 35 Gross assets 3793680 93 Deduct Assets Not Admitted 37 Furniture fixtures and safes 54712 56 38 Agents debit balances gross 145020 25 40 Bills receivable 12453 94 45Total 21218675 46 Admitted assetts 3581494 18 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Penna Ins Dept on the following tables of mor tality and rates of interest viz 2 American Experience table at 3 per cent on all policies issued prior to Apr 19 1909 1549094 00 3 American Experience table at 3 per cent on all policies issued subsequent to Apr 19 1909 781584 00 Same for reversionary additions 14263 00 Total 2344941 00 6 Deduct net value of risks of this company reinsured in other solvent companies 16649 00 8 Net reserve 2328292 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 9236 6o 13 Claims for death losses incurred for which no proofs have been received 13500 00 15 Claims for death losses and other claims resisted by the company 4865 67 17 Total policy claims 18365 67 20 Premiums paid in advance including surrender values so applied 4017 19 21 Unearned interest and rent paid in advance 5410 87 22 Commissions due to agents on premium notes when paid 1958 61 25 Salaries rents office expenses bills and accounts due or accrued 41 66760 CompteollerGenerals Eepokt 26 Medical examiners fees 5 175 00 35 Reserve special or surplus funds not included above For accident Insurance 50 per cent gross premiums 9 851 32 39 All other liabilities Accident DeptStatement filed giv ing details lj512 41 44 Cpital stock 1000ooO 0O 45 Unassigned funds surplus 197 263 SO 46 Total 3581494 18 Business in The State of Georgia During The Year No Amount 17 Policies on the lives of citizens of said State in force Dec 31 of previous 3ear 1272 19 022 16 18 Policies on the lives of citizens of said State in force Dec 31 of previous year 311 4 395 qo 19 Total 1583 24517 16 20 Deduct ceased to be in force during the year 261 3 874 99 21 Policies in force Dee 31 1 322 20 642 17 22 Losses and claims unpaid Dec 31 of previous ear 1 2500 00 23 Losses and claims incurred during year 12 18804 62 24 Total 13 21304 62 25 Losses and claims settled during the year in cash 1930462 by compromise 200000 13 21304 62 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends or other exPenses 72073 05 RESERVE LOAN INSURANCE CO OF INDIANAPOLIS INDIANA Chalmers Brown Persident W K Bellis Secretary W A Wright Insurance Comsr Attorney for Service ICapital Stock 1 Amount oc capital paid up ln cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 2475122 36 4 Extended at 2475122 35ComptrollerGenerals Report IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 35169 for first years reinsurance 244838 55 7 Total first years premiums on original policies 244838 55 8 Dividends applied to purchase paidup ad ditions and annuities 3 51 9 Surrender values applied to purchase paid up insurance and annuities 11991 54 12 Total new premiums i 13 Renewal premiums without deductions for commissions or other expenses less 42463 for reinsurance on renewals 497645 41 14 Dividends applied to pay renewal prem iums 509 40 T6 Surrender values applied to pay renewal premiums 3566 78 18 Total renewal premiums 501721 59 19 Total premium income S 21 Dividends left with the company to accumulate at interest 23 Gross interest on mortgage loans less 49576 accrued interest on mortgages acquired during 1912 79567 92 25 Gross interest on bonds and dividends on stocks 596 00 26 Gross interest on premium notes policy loans or liens 53320 93 27 Gross interest on deposits in trust com panies and banks 2281 98 30 Overdue premiums etc 76 32 34 From other sources Partial payments on voided notes 36 Policy loans restored 37 Survivorship surplus 43 Total income 761 256833 60 758555 19 5 18 3216 33 740 00 898361 53762 ComptrollerGenerals Eeport IIIDisbursements 1 For death claims 2 For matured endowments 166500 47 1590 15 3 Net amount paid for losses and matured endowments 168090 62 5 Premium notes and liens voided by lapse 7915 21 6 Surrender values paid in cash or applied in liquidation of loans or notes 71920 23 7 Surrender values applied to pay renewal premiums 3566 78 8 Surrender values applied to purchase paidup insurance and annuities 11991 54 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 76 78 10 Dividends applied to pay renewal premiums 509 40 12 Dividends applied to purchase paidup additions and annuities 3 51 13 Dividends left with the company to accumulate at interest 5 18 14 Total paid policyholders 264079 25 15 Expense of investigation and settlement of policy claims including 132675 for legal expenses 5198 84 16 Paid for claims on supplementary contracts not involving life contingencies 21289 26 19 Commissions to agents less commission on reinsurance First years premiums 20157799 renewal premiums 1267765 total 214255 64 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 7800 00 22 Agency supervsion and traveling expenses of supervisors except compensation for home office supervision 11212 48 24 Medical examiners fees 2651650 inspection of risks 506162 total 31578 12 25 Salaries and all other compensation of officers directors trustees and home office employees 68416 68 26 Rent 6120 00 27 Advertising 374637 printing and stationery 723473 postage telegraph telephone and express 405903 15040 13 28 Legal expense not included in item 15 2012 32 29 Furniture fixtures and safes 789 96 31 Taxes assessment Marion Co Ind 1145 44 32 State taxes on premiums 6925 22 33 Insurance department licenses and fees 3610 85 34 All other licenses fees and taxes Federal corporation tax 1704 municipal licenses 6436 franchise tax 20000 total 281 40ComptkolleeGekekals Report 763 38 Other disbursements General traveling expenses 5 75279 miscellaneous 243328 investment expenses 32381 int on coupons surrendered 932 suspense account 2520 total 3544 40 48 Total disbursements 668299 99 IVLedger Assets 2 Mortgage loans on real estate 4 Loans made to polieyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Agents balances debit 1863091 credit 484842 net 12 Total ledger assets 1512756 35 1056888 99 15778 62 14475 00 3418 30 810 14 87274 01 13782 49 2705183 90 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 16 Interest due on premium notes policy loans or liens 17 Interest accrued on certificates of deposit and bank balances 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force Dec 31 1912 26 Gross deferred premiums on policies in force Dec 31 1912 28756 81 247 75 2839 97 248 84 32093 37 72075 27 23294 58 27 Total 28 Deduct loading 95369 85 42110 18 29 Net amount of uncollected and deferred premiums 30 All other assets Furniturefixtures safes and supplies 53259 67 8000 00 35 Gross asset 2798536 94 Deduct Assets Not Admitted 37 Furniture fixtures and safes 38 Agents debit balances gross 8000 00 18630 91764 ComptrollerGenerals Report 41 Premium notes and loans on policies and net premiums in item 29 in excess of net value of their policies 10 403 69 44 City of Richmond Va Bond 575 00 46 Admitted assets 2760 927 3 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Ind Ins Dept on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on 1421 S40 17 2 American Experience table at 3 per cent 1040001 87 Total 2461842 04 6 Deduct net value of risks of this company reinsured in other solvent companies 589 66 Total 2461252 38 7 Reserve to provide for health and accident benefits con tained in life policies j 994 S4 8 Net reserve 2462 547 22 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Co Actuary 1 757 31 13 Claims for death losses incurred for which no proofs have been received 6 000 00 15 Claims for death losses and other claims resisted by the company 23 83S 42 17 Total policy claims 29 838 42 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 5 27 20 Premiums paid in advance including surrender values so aPPlied 3198 96 21 Unearned interest and rent paid in advance 20246 28 22 Commissions due to agents on premium notes when paid 475 55 25 Salaries rents office expensesbills and accounts due Or accrued 470 61 26 Medical examiners fees 2 215 15 27 Estimated amount hereafter payable for federal state and other taxes based uponthe business of the year of this statement 8 87 62ComptrollerGenerals Report 765 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 42 20 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 551 37 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 1230 00 35 Reserve special or surplus funds not included above Coupons left with the company to accumulate at interest 1180747 inst 44864 12256 11 Survivorship dividend 544000 int 99512 6435 12 44 Capital stock 100000 00 45 Unassigned funds surplus 105370 15 46 Total 2760827 34 Business in The State of Georgia During The Year No Amount 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 830090 00 18 Policies on the lives of citizens of said state issued during the year 493220 00 19 Total 1323310 00 20 Deduct ceased to be in force during the year 303000 00 21 Policies in force Dec 31 1020310 00 23 Losses and claims incurred during year 1000 00 24 Total 1000 00 25 Losses and claims settled during the year 1000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends or other expenses 38270 89 SECURITY MUTUAL LIFE INSURANCE COMPANY OF BINGHAMPTON NEW YORK Fredrick W Jenkins President Chas A LaDue Secretary F W Coleman Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 5977931 46 4 Extended at 5977931 46766 ComptrollerGenerals Report IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 57398 for first years reinsurance 157965 63 8 Dividends applied to purchase paidup ad ditions and annuities 4824 39 9 Surrender values applied to purchase paid up additions and annuities 23839 20 10 Consideration for original annuities in volving life contingencies 1000 00 12 Total new premiums 187629 22 13 Renewal premiums without deductions for commissions or other expenses less 2 50589 for reinsurance on renewals 1386930 20 14 Dividends applied to pay renewal prem iums 54937 39 16 Surrender values applied to pay renewal premiums 14217 76 18 Total renewal premiums 1456085 35 19 Total premium income 1643714 57 21 Dividends left with the company to accumulate at in terest 4110 89 23 Gross interest on mortgage loans less 42712 accrued interest on mortgages acquired during 1912 57574 23 24 Gross interest on collateral loans 2000 00 25 Gross interest on bonds and dividends on stocks less 139964 accrued interest on bonds acquired during 1912 97540 36 26 Gross interest on premium notes policy loans or liens 67120 64 27 Gross interest on deposits in trust com panies and banks 8073 71 28 Gross interest on other debts due the company viz Premium extensions 5830 43 32 Gross Tent from companys property in cluding 1500000 for companys occu pancy of its own buildings 45389 26 33 Total gross interest and rents 283528 63 34 From other sources viz German Bank Buffalo final dividend 13 55 ComptrollerGeneral s Eeport 40 From agents balances previously charged off 43 Total income IIIDisbursements 1 For death claims 57297892 additions 2144686 total 594425 78 2 For matured endowments 6000 00 3 Net amount paid for losses and matured endowments 4 For annuities involving life contingencies 5 Premium notes and liens voided by lapse less 4229208 restorations 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay renewal premiums 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and an nuities 13 Dividends left with the company to accumulate at in terest 14 Total paid policyholders 15 Expense of investigation and settlement of policy claims including 325755 for legal expenses 16 Paid for claims on supplementary contracts not involv ing life contingencies 17 Dividends and interest thereon held on deposit surren dered during the year 19 Commissions to agents less commission on reinsrance First years premiums 7170898 renewal premiums 8792403 annuities original 5000 total 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses inclding salaries of managers and clerks not included in item 21 24 Medical examiners fees 1976750 inspection of risks 488157 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including 1500000 for companys occupancy of its own buildings less 75350 received under sub lease 767 477 95 r 1931845 59 600425 78 688 21 74806 38 363171 11 14217 76 23839 20 16369 19 54937 39 4824 39 4110 89 1157390 30 5307 99 4107 43 498 45 159683 01 10291 90 61285 21 24649 07 94701 13 20510 06708 ComptrollerGenerals Report 27 Advertising 199962 printing and stationery 3 14437 postage telegraph telephone and express 6 35228 exchange 2299 total 11519 26 28 Legal expenses not included in item 15 5886 55 29 Furniture fixtures and safes 1116 52 30 Eepairs and expenses other than taxes on real estate 13476 88 31 Taxes on real estate 8 637 50 32 State taxes on premiums 22 959 07 33 Insurance department licenses and fees 3227 46 34 All other licenses fees and taxes viz Federal cor poration tax 159254 State taxes 38900 city taxes 49156 total 2473 10 38 Other disbursements viz Traveling not included in No 22 854817 agents due bills paid 25429 ex change items previously credited to profit and loss 6084 general office expenses 414098 Association Life Insurance Presidents 40360 examination ISfew York insurance department 306388 legislation 13556 election expenses 126275 consulting actu aries fees 155615 total 19427 22 45 Agents balances charged off 3 031 33 46 Gross loss on sale or maturity of ledger assets viz Stocks 990 00 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 100 00 48 Total disbursements 1 631 269 44 IVLedger Assets 1 Book value of real estate 726556 55 2 Mortgage loans on real estate first liens 1254050 00 3 Loans seemed by pledge of bonds stocks or other col lateral 40000 00 4 Loans made to policyholders on this companys policies assigned as collateral 1437 116 76 5 Premium notes on policies in force 41 977 17 6 Book value of bonds 237549350 and stocks 34 10000 total 2409593 50 7 Cash in companys office 4 459 yy 8 Deposits in trust companies and banks not on interest 81125 60 9 Deposits in trust companies and banks on interest 261256 53 10 Bills receivable 87469 agents balances debit 1 4977 net 22372 39 12 Total ledger assets 6278507 61ComptrollerGeneral s Report 769 NonLedger Assets 3 Interest due 246125 and accrued 17 97405 on mortgages 20435 30 14 Interest accrued on bonds 26639 26 15 Interest accrued on collateral loans 433 33 16 Interest accrued on premium notes policy loans or liens 25129 97 17 Interest accrued on other assets viz Bank deposits 1941 42 20 Rents accrued on companys property or lease 734 00 21 Total interest and rents due and accrued i 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 26 Gross deferred premiums on policies in force December 31 1912 less reinsurance premiums 27 Totals 28 Deduct loading 75313 28 116010 57 126723 04 242733 61 48546 72 29 Net amount of uncollected and deferred premiums 194186 89 35 Gross assets 6548007 Deduct Assets Not Admitted 38 Agents debit balances gross 40 Bills receivable 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 43 Book value of ledger assets over market value viz Real estate 428690 bonds 10215350 total 21497 70 874 69 11073 18 106440 40 Total 139885 97 46 Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the New York770 ComptrollerGenerals Eeport insurance department on the following tables of mortality and rates of inter est viz 1 Actuaries tables at 4 per cent on issues of Jan 1 1887 to Dec 31 1900 except endowments 3 per cent 108430S 00 2 American Experience table at 3 per cent on issues of 1901 except endow ments 3 per cent 503591 00 3 American Experience table at 3 per cent on issues of Jan 1 1902 to Dec 31 1912 4200863 00 Same for reversionary additions 13456 00 5 Net present value of annuities including those in reduction of premiums viz MeClintock s 3 per cent 10756 00 American 3 per cent 828 00 Total 5813802 00 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 2073 00 8 Net reserve 5811729 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 16864 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 14529 07 12 Claims for death losses in process of ad justment or adjusted and not due 7333 00 13 Claims for death losses incurred for which no proofs have been received 33311 59 15 Claims for death losses and other policy claims resisted by the company 27963 00 17 Total policy claims 68607 59 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 9940 54 20 Premiums paid in advance including surrender values so applied 9382 05 21 Unearned interest and rent paid in advance 14347 34 23 Commissions to agents due or accrued 18411 58 25 Salaries rents offee expenses bills and accounts due or accrued 4647 70 26 Medical examiners fees 2079 78ComptrollerGeneral s Report 771 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 25000 00 31 Dividends or other profits due polieyholders including those contingent on pyment of outstanding and de ferred premiums 11448 62 32 Dividends declared on or apportioned to annual dividend policies payable to polieyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 6972 31 33 Dividends declared on or apportioned to deferred divi dend policies payable to polieyholders during 1913 4065 94 34 Amounts set apaTt apportioned provisionally ascer tained calculated declared or held awaiting appor tionment upon deferred dividend policies not included in item 33 156467 49 35 Reserve special or surplus funds not included above Credits account early policies 60064 81 39 All other liabilities viz Agents due bills outstanding 5077 74 45 Unassigned funds surplus 168486 25 46 Total 6408121 81 Business in The State of Georgia During The Year 17 Policies on the lives of citizens of said State in force December 31 of previous year 2188468 00 18 Policies on the lives of citizens of said State issued during the year 254864 92 19 Total 2443332 92 20 Deduct ceased to be in force during the year 341232 00 21 Policies in force December 31 1912 2102100 92 22 Losses and claims unpaid December 31 of previous year 3618 32 23 Losses and claims incurred during year 33918 80 24 Total 37537 12 25 Losses and claims settled during the year in cash 30281 04 26 Losses and claims unpaid December 31 1912 7256 08 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends or other expenses 71188 30772 ComptrollerGenerals Eeport standard life insurance company of atlanta ga Herman E Perry President J 0 Ross Treasurer ICapital Stock 1 Amount of capital paid up in cash 100000 00 4 Extended at 100000 00 IIIncome 27 Gross interest on deposits in trust com panies and banks I 28 Gross interest on other debts due the com pany 1054 52 31 05 33 Total gross interest and rents 34 From other sources viz Advances by officers 44106 premium on capital stock sales 3857500 total 1085 57 39016 06 43 Total income 140101 63 IIIDisbursements 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including companys occupancy 27 Advertising 57105 printing and stationery 58436 postage telegraph telephone and express 17579 exchange 1733 total 29 Furniture fixtures and safes 34 All other licenses fees and taxes viz Charter expenses 38 Other disbursements viz Commissions on stock sales 1105400 actuary 106430 miscellaneous 86965 interest and discount 250697 refund of borrowed money 44106 total 645 45 215 85 1348 53 400 00 104 00 15935 48 Total disbursements 18649 81 IVLedger Assets 6 Book value of bonds i 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Bills receivable 12 Total ledger assets S 104966 82 10412 60 1332 30 4740 10 121451 82ComptrollerGeneral s Report 773 XonLedger Assets 14 Interest due and accrued on bonds 178 07 21 Total interest and rents due and accrued 178 07 33 Gross assets 21629 89 Deduct Assets Not Admitted 40 Bills receivable 4740 10 46 Admitted assets 116869 79 VLiabilities Surplus and Other Funds 44 Capital stock 100000 00 45 TJnassigned funds surplus 16889 79 46Total 11688979 STATE LIFE INSURANCE COMPANY OF INDIANAPOLIS INDIANA H W Bennett President Albert Sahm Secretary Principal Office Indianapolis Indiana C V LeCraw Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 10479954 79 4 Extended at 10479954 79 IIIncome First years premiums on original policies without deduction for commissions or other expenses less 9460 for first years reinsurance 229643 46 7 Total first years premiums on original policies 229643 46 8 Dividends applied to purchase paidup ad ditions and annuities 1318 91774 ComptbollebGeneeals Bepokt 9 Surrender values applied to purchase paid up insurance and annuities 15796 04 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 484130 for reinsurance on renewals 1971457 08 14 Dividends applied to pay renewal pre miums 171289 70 246758 41 18 Total renewal premiums 2 142 746 78 19 Total premium income t 21 Dividends left with the company to accumulate at in terest 23 Gross interest on mortgage loans less 1573671 accrued interest on mortga ges acquired during 1912 390628 50 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany viz Interest on advances to agents 32 Gross rent from companys property in cluding 1305702 for companys occu pancy of its own buildings 2389505 19 3913 16 8210 00 158073 36 3363 62 403 17 103764 81 33 Total gross interest and rents 34 From other sources viz Partial payments on voided notes 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Eeal estate 664443 46 1113 14 589 39 12 52 43 Total income 3059576 86 IIIDisbursements 1 For death claims less 1000000 reinsur ance 2 For matured endowments 611469 27 25300 00 3 Net amount paid for losses and matured endowments Total disability claims 63676i L7 142 15ComptrollerGenerals Keport 775 4 For annuities involving life contingencies 100 00 5 Premium notes and liens voided by lapse 34361 76 6 Surrender values paid in cash or applied in liquidation of loans or notes 270766 29 8 Surrender values applied to purchase paidup insurance and annuities 15796 04 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 17481 24 10 Dividends applied to pay renewal premiums 171289 70 12 Dividends applied to purchase paidup additions and annuities 1318 91 13 Dividends left with the company to accumulate at in terest 39i 16 14 Total paid policyholders 1151938 o2 15 Expense of investigation and settlement of policy claims including 99976 for legal expenses 2282 58 16 Paid for claims on supplementary contracts not involv ing life contingencies 1967 7o 17 Dividends and interest thereon held on deposit surren dered during the year iK 6 19 Commissions to agents less commission on reinsurance First years premiums 16053050 renewal premiums 19242095 total 352951 45 20 Commuted renewal commissions 3200 00 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 8450 00 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 7666 86 23 Branch office expenses including salaries of managers and clerks not included in item 21 12447 51 24 Medical examiners fees 1690580 inspection of risks 361177 total 20517 57 25 Salaries and all other compensation of officers directors trustees and home office employees 129287 30 26 Kent including 1305702 for companys occupancy of its own buildings less 127250 received under sub lease 2017l 17 27 Advertising 559980 printing and stationery 11 87878 postage telegraph telephone and express 965386 exchange 5299 total 27185 43 28 Legal expense not included in item 15 1029 98 29 Furniture fixtures and safes 3488 49 30 Repairs and expenses otheT than taxes on real estate 85096 32 31 Taxes on real estate 14661 06 32 State taxes on premiums 33036 05 33 Insurance department licenses and fees 5893 90776 CompteolleeGeneeals Eepoet 34 All other licenses fees and taxes viz Federal cor poration tax 398028 taxes on investments 90260 investment expenses 42268 total 38 Other disbursements viz Miscellaneous expenses 1 84296 discount on premiums paid in advance 153 total 45 Agents balances charged off 5305 56 1844 49 14072 92 48 Total disbursements 1853455 59 IVLedger Assets 1 Book value of real estate 995695 36 2 Mortgage loans on real estate first liens 7087367 50 4 Loans made to policyholders on this companys policies assigned as collateral 3013984 69 5 Premium notes on policies in force 74481 72 6 Book value of bonds 214723 10 7 Cash in companys office 8090 47 9 Deposits in trust companies and banks on interest 235312 63 10 Agents balances debit 5916414 credit 274355 net 56420 59 12 Total ledger assets 11686076 06 NonLedger Assets 13 Interest due 848462 and accrued 99 71036 on mortgages 108194 98 14 Interest due 72000 and accrued 1 18333 on bonds 1903 33 16 Interest accrued on premium notes policy loans or liens 744 81 17 Interest accrued on other assets viz On bank deposits 48 41 20 Rents due on companys property or lease 1078 70 21 Total interest and rents due and accrued 22 Market value of real estate over book value 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 94729 85 26 Gross deferred premiums on policies in force December 3d 1912 less reinsur ance premiums 75804 10 111970 23 207153 08 27 Totals 170533 95ComptrollerGenerals Report 777 28 Deduct loading 45894 89 29 Net amount of uncollected and deferred premiums 124639 06 30 All other assets viz Unearned premiums for fire in surance on home office building 2688 50 35 Gross assets 12132526 93 Deduct Assets Not Admitted 38 Agents debit balances gross 59164 14 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 12497 54 43 Book value of ledger assets over market value viz Municipal bonds 71 n9 50 Total 19607 04 46 Admitted assets 12053755 75 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the Indiana insurance department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all policies issued prior to Jan 1 1901 2260462 00 2 American Experience table at 3 per cent on all nonparticipating premiums excepting 20 year term policies issued prior to Aug 16 1909 63235 00 3 American Experience table at 3 per cent on all policies issued since Jan 1 1901 excepting per item No 2 7548374 00 Same for reversionary additions 2594 00 5 Net present value of annuities including those in reduction of premiums viz 30 American Office tables 3 per cent 1838 00 Total 9876503 00 6 Deduct net value of risks of this company reinsured in other solvent companies 3464 00 7 Reserve to provide for health and accident benefits contained in life policies 17364 00 3 Net reserve 9890403 00778 ComptrollerGenerals Eeport 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 39097 00 12 Claims for death losses in process of ad justment or adjusted and not due 19000 00 13 Claims for death losses incurred for which no proofs have been received 68000 00 14 Claims for matured endowments due and unpaid 1500 00 15 Claims for death losses and other policy claims resisted by the company 5000 00 17 Total policy claims 93500 00 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 6567 41 20 Premiums paid in advance including surrender values so applied 1432S 73 21 Unearned interest and rent paid in advance 61740 59 23 Commissions to agents due or accrued 14018 06 25 Salaries rents office expenses bills and accounts due or accrued 2039 65 26 Medical examiners and inspection fees 1791 10 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 44 067 51 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 5 088 71 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 29 100 45 33 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1913 8898 72 35 Reserve special or surplus funds not included above 36 Special surplus on combination policies surplus and tontine 63091 75 37 Surplus on ten year term policies to be applied in reduc tion of premium I L jgg 3 45 ITnassigned funds surplus j 757 508 01 46 Total 12053755 75 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 1954 6367449 00CoMPTEOLLEBGeNEBALS EePORT 779 IS Policies on the lives of citizens of said State issued during the year 317 889208 00 19 Total 2271 7256657 00 20 Deduct ceased to be in force during the year 259 738514 00 21 Policies in force December 31 2012 6518143 00 22 Losses and claims unpaid December 31 of pre vious year 1 2000 00 23 Losses and claims incurred during year 19 49000 00 24 Total 20 51000 00 25 Losses and claims settled during the year in cash 3397500 by compromise 2500 total 13 34000 00 26 Losses and claims unpaid December 31 7 17000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 156747 48 STATE MUTUAL LIFE INSURANCE CO OF ROME GEORGIA John W Maddox President A C Wadsworth Secretary Maddox Doyal Attorneys for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 3736245 02 4 Extended at 3736245 02 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 36881 97 7 Total first years premiums on original policies 36881 97 9 Surrender values applied to purchase paid up insurance and annuities 5921 50 12 Total new premiums 42803 47 13 Renewal premiums without deduction for commissions or other expenses less 1 10650 for reinsurance on renewals 754983 83780 ComptrollerGenerals Eeport 14 Dividends and coupon credits applied to pay renewal premiums 126262 35 18 Total renewal premiums 19 Total premium income 23 Gross interest on mortgage loans 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany 32 Gross rent from companys property in cluding 340000 for companys occu pancy of its own buildings 48133 27 149 92 6061 25 83440 44 18 86 3179 39 25672 54 33 Total gross interest and rents 35 Settlement of claims vs former officers 36 Commutation of former book liability 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Real estate 30000 bonds 48390 stocks 78390 total 881246 18 924049 65 166787 93 105004 71 219 15 269 90 1577 80 43 Total income 1197115 20 IIIDisbursements 1 For death claims 210655 1 3 Net amount paid for losses and matured endowments 210655 IS 4 For annuities involving life contingencies IS750 00 6 Surrender values paid in cash or applied in liquidation of loans or notes 455462 42 8 Surrender values applied to purchase paid up insurance and annuities 5 921 50 9 Dividends and coupon credits paid to policyholders in cash or applied in liquidation of loans or notes 126262 35 14 Total paid policyholders 817051 45 18 Paid certificate for interest or dividends 10122 50 19 Commissions to agents less commission on reinsurance First years premiums 2720436 renewal premiums 9838604 renewal 285499 total 128445 39ComptrollerGenerals Report 781 20 Commuted renewal commissions 22485 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 7624 94 22 Agency supervsion and traveling expenses of supervisors except compensation for home office supervision 10504 71 24 Medical examiners fees 499200 inspection of risks 195974 605174 25 Salaries and all other compensation of officers directors trustees and home office employees 50768 64 26 Rent including 340000 for companys occupancy of its on buildings 450000 27 Advertising 554190 printing and stationery 39622 costaee telegraph telephone and express 191304 1 19 097 14 exchange 60993 w x 28 Legal expense not included in item 15 1019o lo 29 Furniture fixtures and safes 1718 30 Repairs and expenses other than taxes on real estate 16273 59 31 Taxes on real estate iio 1 7 91 40 32 State taxes on premiums 703 9 33 Insurance department licenses and fees 93 2o 34 All other licenses fees and taxes Office expenses 3 11060 special examiners 499473 fire insurance 414198 total 12247 31 38 Other disbursements Collateral loans 8246557 bills receivable 190518 bank balances 59145 redemp tion of outstanding checks formerly cancelled 6058 mortgage loan by redemption of 13800000 certificates 6120 986 62 redemption of income certificates 6 L w 212559 40 55000 total 45 Agents balances charged off yu 46 Gross loss on sale or maturity of ledger assets viz Stocks 47 Gross decrease by adjustment in book value of ledger assets viz Real estate 295129 bonds 6260566 65556 95 48 Total disbursements 1419750 51 49 Ledger liability including in disbursements 3513609 71 Also shown in liability schedule of the statement 32855 23 Total 3546464 94 IVLedger Assets 1 Book value of real estate 1 52 2 Mortgage loans on real estate first lens 65848313 other than first liens 50000 658983 13 3 Loans secured by pleMge of bonds stocks or other col 1 i 1 5000 00 lateral 782 ComptbolleeGenebals Eepoet 4 Loans made to polieyholders on this companys policies assigned as collateral 1 683 101 80 5 Premium notes on policies in force 36 893 12 6 Book value of bonds hq 20 82 8 Deposits in trust companies and banks not on interest 42559 55 9 Deposits in trust companies and banks on interest 81700 00 10 Bills receivable 6000 agents balances debit 20000 260 00 12 Total ledger assets 3546464 94 NonLedger Assets 13 Interest due 59765 and accrued 6 68956 on mortgages 3 14 Interest accrued on bonds 18 Eeal estate 19 Special deposit 20 Bents accrued on companys property 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force Dec 31 1912 26 Gross deferred premiums on policies in force December 31 1912 7287 21 2187 50 1753 72 1169 67 1161 25 13559 35 43755 93 25658 18 27 Total 28 Deduct loading 69414 11 13882 82 29 Net amount of uncollected and deferred premiums 55 531 29 30 All other assets Unearned Tire Ins Premiums 838 52 35 Gross assets 3616394 10 Deduct Assets Not Admitted 38 Agents debit balances gross 40 Bills receivable 41 Premium notes and loans on policies and net premiums in item 29 in excess of their policies 200 00 60 00 2840 59 45 Total 3100 59 46 Admitted assets 3x393 51 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of DecCompteolleeGexekals Eepoet 783 1912 as computed by the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on Annual Div and single premium policies issued according to the 1906 edition rate book 2189345 64 3 American Experience table at 3 per cent on all business except that specified under No 2 1076029 78 Total 3265375 42 6 Deduct net value of risks of this company reinsured in other solvent companies 681 61 8 Net reserve 13 Claims for death losses incurred for which no proofs have been received 15 Claims for death losses and other claims resisted by the company 3264693 81 14000 00 3000 00 17 Total policy claims 19 Dividends and coupon credits left with the company to accumulate at interest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 23 Commissions to agents due or accrued 25 Salaries rents offce expenses bills and accounts due or accrued 26 Medical examiners fees 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends and coupon credits or other profits due policy holders including those contingent on payment of out standing and deferred premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 38 Contingency reserve 42 Commuted value of payments to Parker Age Co 45 Unassigned funds surplus 17000 00 6653 72 1273 89 38465 72 7762 98 1045 74 47 00 8215 28 9793 77 524 01 2500 00 25092 25 230225 34 46 Total 3613293 51784 ComptrollerGenerals Eeport Business in The State of Georgia During The Year 17 Policies on the lives of citizens of said State in force Dec 31 of previous year 11690037 50 18 Policies on the lives of citizens of said state issued during the year 1129508 00 19 Total 12819545 50 20 Deduct ceased to be in force during the year 3 229 090 50 21 Policies in force December 31 9590455 00 22 Losses and claims unpaid December 31 of previous year 7000 00 23 Losses and claims incurred during year 89 000 00 24 Total 96000 00 25 Losses and claims settled during the year 92 000 00 26 Losses and claims unpaid December 31 4 000 00 27 Premiumscollected or secured in cash and notes or credits without any deduction for losses dividends or other exPenses 318029 96 STATE MUTUAL LIFE ASSUEANCE COMPANY OF WORCESTER MASS Burton H Wright President 0 W Carter Secretary William A Wright Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance Decemberf 31 of previous year 37956229 43 4 Extended at 379529 43 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 664303 08 8 Dividends applied to purchase paidup ad ditions and annuities no 862 91 10 Consideration for original annuities in volving life contingencies 47 642 85 11 Consderation for supplementary contracts involving life contingencies 4 657 00 12 Total new premiums 827465 84ComptrollerGenerals Report 785 13 Renewal premiums without deduction for commissions or other expenses less 3925858 for reinsurance on renewals 14 Dividends applied to pay renewal prem 4266619 87 595494 11 18 Total renewal premiums 19 20 21 23 24 25 26 27 29 30 31 32 Total premium income Consideration for supplementary contracts not involving life contingencies Dividends left with the company interest Gross interest on mortgage loans less 569553 accrued interest on mortgage acquired during 1912 Gross interest on collateral loans Gross interest on bonds and dividends on stocks less 740483 accrued interest on bonds acquired during 1912 Gross interest on premium notes policy loans or liens Gross interest on deposits in trust com panies and banks Int on Agency Bank deposits com commissions 3599 Int on overdue prems 31943 loans on personal security 50482 Gross discount on claims paid in advance Gross rent from companys property in cluding 2501829 for companys occu pancy of its own buildings 7316 to accumulate at 425825 16 375 00 971989 36 252173 76 12314 29 1009 17 824 25 100 50 119496 10 33 Total gross interest and rents 34 From other sources Payment of interest in arears on securities charged to profit and loss 36 Payment of rent in arears on real estate sold 37 Unadjusted surrender values 38 Premium notes restored less 50600 voided by lapse 41 Gross profit on sale or maturity of ledger assets viz Beal estate Bonds Stocks 42 Gross increase by adjustment in book value of ledger assets viz Bonds 4862113 98 5689579 82 43492 33 102027 04 43 Total income 1784107 59 500 00 174 13 607 96 1437 00 2000 00 4410 96 23008 75 5110 82 7656456 40786 ComptrollerGeneral s Report IIIDisbursements 1 For death claims 179552949 additions 3678700 total 1832616 49 2 For matured endowments 73992651 ad ditions 4519500 total 78512151 3 Net amount paid for losses and matured endowments 2617738 00 4 For annuities involving life contingencies 21695 32 6 Srrender values paid in cash or applied in liquidation of loans or notes less reinsurance 1420895 684889 83 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 117 240 34 10 Dividends applied to pay renewal premiums 595494 11 12 Dividends applied to purchase paidup additions and annuities 110862 91 13 Dividends left with the company to accumulate at interest 102027 04 14 Total paid policyholders 4249947 55 15 Expense of investigation and settlement of policy claims including 121900 for legal expenses 1428 00 16 Paid for claims on supplementary contracts not involving life contingencies 17399 63 17 Dividends and interest thereon held on deposit surren dered during the year 50895 68 19 Commissions to agents less commission on reinsurance First years premiums 28287156 renewal premiums 28047988 annuities original 138682 56473S 26 20 Commuted renewal commissions 24723 99 22 Agency supervsion and traveling expenses of supervisors except compensation for home office supervision 2 824 62 23 Branch office expenses including salaries of managers and clerks not included in item 21 63727 43 24 Medical examiners fees 3931605 inspection of risks 703602 total 46 352 07 25 Salaries and all other compensation of officers directors trustees and home office employees 130 314 63 26 Bent including 2501829 for companys occupancy of its own buildings less 86666 received under sublease 48147 84 27 Advertising 766440 printing and stationery 2292896 postage telephone telegraph and express 1483159 exchange 18046 total 45 605 41 28 Legal expense not inclded in item 15 95 81 29 Furniture fixtures and safes 8721 04 30 Repairs and expenses other than taxes on real estate 31700 38 31 Taxes on real estate 21 582 12 32 State taxes on premiums 49 403 gComptrollerGenerals Report 787 33 Insurance department licenses and fees 34 All other licenses fees and taxes Federal corporation tax 541517 local occupation licenses and taxes 1 80493 tax on reserve 4295946 total 38 Other disbursements Midday lunch to office force 9 55095 traveling 229851 lighting 130000 liabi lity ins 4347 magazines etc 117105 auditing 2590 surety bonds 21000 laundry and ice water 22629 commissions sales and purchases 58100 transfer tax appraising 6036 alterations and paint ing office 89648 rents of safety appliances 7050 fees and dues 4780 flowers 3600 sundry small in cidental expenses 15285 total 46 Gross loss on sale or maturity of ledger assets viz Bonds 2479470 stocks 187500 47 Gross decrease by adjustment in boot value of ledger assets viz Bonds 6842 95 50179 56 19244 26 26669 70 17302 33 48 Total disbursements 5479873 14 IVLedger Assets 1 Book value of real estate 1684836 23 2 Mortgage loans on real estate first liens 10857837 58 3 Loans secured by pledge of bonds stocks or other col lateral 5000 00 4 Loans made to polieyholders on this companys policies assigned as collateral 5477269 35 5 Premium notes on policies in force 44430 00 6 Book value of bonds 1896413354 and stocks 2 221120 00 total 21185253 54 7 Cash in companys office 4642 82 9 Deposits in trust companies and banks on interest 815882 22 11 Loans to corporations 5000000 to Worcester Gas Light Co at 5 per cent Oct 15 1913 on personal secrity 766095 total 57660 95 12 Total ledger assets 40132812 69 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 16 Interest due 1123634 and accrued 65 76564 on premium notes policy loans or liens 17 Interest due 8343 and accrued 10094 on other assets loans or personal 152673 92 261685 92 77001 98 184 37788 ComptrollerGenerals Report 580 56 18 Corporation loans security accrued 20 Bents due 48390 and accrued 1419844 on companys property or lease 14682 34 21 Total interest and rents due and accruedj 24 Due from other companies for losses or claims on policies of this company reinsured from Berkshire Life Ins Co New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 6742 06 337059 86 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 6001708 497336 64 506809 09 15076 56 27 Totals 66759 14 28 Deduct loading 21 14353 22 834426 50 179401 70 29 Net amount of uncollected and deferred premiums 52405 92 655024 80 35 Gross assets 41362 129 06 Deduct Assets Not Admitted 40 Loans on personal security endorsed or or not g 43 Book value of ledger assets over market value viz 7845 32 577816 54 585661 86 46 Admitted assets 40776467 20 VLiabilities Surplus and other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Mass Ins Dept 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 December 31 1900 20344553 00 Same for revesionary additions 316017 00ComptrollerGeneeals Report 789 2 American Experience table at 3 per cent on All policies issued from Jan 1 1901 to January 1 1908 1143111 00 Same for reversionary additions 514104 00 3 American Experience table at 3 per cent on all policies issued after January 1 1908 3124435 00 Same for reversionary additions 500021 00 5 Net present value of annuities including those in reduction of premiums American 3 per cent 54743 00 American 3 per cent 179211 00 Total 36464195 00 6 Deduct net value of risks of this company Teinsured in other solvent companies 273755 00 8 Net reserve 36 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Actuary 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 13 Claims for death losses incurred for which no proofs have been received 79901 00 14 Claims for matured endowments due and unpaid 00 15 Claims for death losses and other policy claims resisted by the company 8374 00 16 Due and unpaid on annuity claims involv ing life contingencies 500 00 17 Total policy claims 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 23 Commissions to agents due or accrued 25 Salaries rents office expenses bills and accounts due or accrued 26 Medical examiners fees 477050 and legal fees 20000 due or accrued 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 190440 00 263360 21 3829 07 88938 00 386463 69 71920 14 175 35 193 45 3305 25 4970 50 90000 00 790 ComptbollebGeneeals Eepoet 31 Dividends or other profits due polieyholders including those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportioned to annual dividend policies payable to polieyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise oo tv j j j 299781 00 33 Dividends declared on or apportioned to deferred divi dend policies payable to polieyholders during 1913 23 866 00 34 Amounts set apart apportioned previsionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 35 Reserve special or surplus funds not included above Extra reserve on annuities o 0n on Liability on death losses incurred but not reported 19427 02 43 Total 44 Unaligned funds surplus Z 46 Total 40776467 20 Business in The State of Georgia During The Year it t v Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 770 fifi04 nrt 18 Policies on the lives of citizens of said state issued during the year 168 440848 oa 19 Total 20 Deduct ceased to be in forcedurg Z JJ 21 Policies in force December 31 881 n nn 23 Losses and claims incurred during year nf92 Z 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends or other expenses 63384 57ComptrollerGenerals Report SOUTHERN NATIONAL LIFE INSURANCE COMPANY LYNDON KENTUCKY Ed L Williams President Win Higgins E M Jones Jr Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 19040 00 2 Amount of ledger assets as per balance December 31 of previous year 340776 4 791 OF Secretary 3 Increase of capital during the year 4 Extended at 1468 70 430 00 342671 74 IIIncome 5 First years premiums on original policies without deduction for commissions 01 other expenses 89921 13 12 Total new premiums 13 Renewal premiums without deduction for commission or other expenses 89921 13 58119 89 18 Total renewal premiums 19 Total premium income 23 Gross interest on mortgage loans 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 15 00 1204 38 520 54 33 Total gross interest and rents 34 From other sources Surplus from sale of stock 36 Stock subscription 37 Cash with application 43 Total income IIIDisbursements 1 For death claims 14300 00 3 Net amount paid for losses and matured endowments 6 Surrender values paid in cash or applied in liquidation of loans or notes 14 Total paid policyholders 58119 89 148041 02 1739 92 470 00 3702 43 91 38 184044 75 14300 00 1483 56 15783 56792 CompteollebGenebals Eepoet 19 Commissions to agents less commission on reinsurance First years premiums 7925359 renewal premiums 305326 total g2 30g gc 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 1 027 95 24 Medical examiners fees 537300 inspection of risks 125032 total 66o3 32 25 Salaries and all other compensation of officers directors trustees and home office employees 1370 17 26 Rent J 5i3 00 2 Advertising 139148 printing and stationery 1 36439 postage telegraph telephone and express 917 1 exchange 17894 3 855 52 28 Legal expense not included in item 15 378 55 30 Repairs and expenses other than taxes on real estate 910 61 32 State taxes on premiums 404 75 33 Insurance department licenses and fees 1 395 63 34 All other licenses fees and taxes Federal corporation tax 5658 state and county taxes 150395 city taxes on premiums 20781 total 1 76g 34 38 Other disbursements Coins on stock 15000 coupons in reduction of prems 275357 Pittsburg Life and Ins Co 61463 special policy div 431387 sub scriptions 3630 sundry expenses 128577 acturial expenses 89287 general expenses 207412 12121 33 48 Total disbursements 140728 38 IVLedger Assets 1 Book value of real estate 4316 05 2 Mortgage loans on real estate 1021517 other than first liens 23000 total 10445 J7 3 Loans secured by pledge of bonds stocks or other col A lateral 4737900 4 Loans made to policyholders on this companys policies assigned as collateral 537 36 5 Premium notes on policies in force of which 30495 is for first years premiums 17 195 29 6 Book value of stocks 199890 70 7 Cash in companys office jjgg Q0 8 Deposits in trust companies and banks not on interest 1485 39 9 Deposits in trust companies and banks on interest 896 00 10 Bills receivable 285000 agents balances debit 27 39936 credit 69248 net 2670688 furniture and fixtures 355616 total 29 g gg 11 P S Buyfogle 1990731 agents balances 10 236 80 t0tal 33700 27 12 Total ledger assets 35598S uComptbollebGeneeals Eepoet NonLedger Assets 13 Interest due 64011 and accrued 36554 on mortgages 15 Interest due 578000 and accrued 46789 on collateral loans 17 Interest due 175000 and accrued 82082 on other assets viz Stocks 20 Bents due on companys property 21 Total interest and rents due and accrued 22 Market value of real estate over book value 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 44407 58 26 Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 688 45 27 Totals 4509603 28 Deduct loading 9497 n 29 Net amount of uncollected and deferred premiums 35 Gross assets Deduct Assets Not Admitted 37 Furniture fixtures and safes 356 16 38 Agents debit balances gross 26706 88 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 304 95 43 Book value of ledger assets over market value viz Franklin bank stock 5 65000 Southern States bank stock 350000 total 9150 00 Total 46 Admitted assets VLiabilities Surplus and Other Funds 1005 65 6247 89 2570 82 30 00 9854 36 2000 00 35598 92 403441 39 39797 99 363723 40 Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the794 ComptbollebGexeeals Report company on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent 102922 00 Total 102922 00 6 Deduct net value of risks of this company reinsured in other solvent companies 2047 00 8 Net reserve 1nn os nn 1002io 00 11 Claims tor death losses due and unpaid 2 800 00 15 Claims for death losses and other policy claims resisted by the company 2900 00 17 Total policy claims AA nn 25 Salaries rents office expenses bills and accounts due or accrued 35 Reserve special or surplus funds not included above Coupons deposited with company 623080 cash with applications 90243 total 7 133 03 43 Total 7 n 114849 58 44Capital stock 45 Unassigned funds surplus g9 8r g2 46 Total 363723 40 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State v frCe December 31 f Previous year 24 38000 Oft 18 Policies on the lives of citizens of said State issued during the year 124 mm Q0 19 Total 771 7 777 n n 148 o25000 00 20 Deduct ceased to be m force during the year 15 20500 00 21 Policies in force December 31 3 VliVo Z3 Dosses and claims incurred during year 2 3 000 00 24 Total 7 t 3000 00 2o Losses and claims settled during the year in cash 0R T 100 00 26 Losses and claims unpaid December 31 resisted 2 2 900 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 14 468 31CompteollebGeneeals Repobt 795 southern states life insurance company of alabama Wilmer L Moore President Frank Orme Secretary 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 as per balance December 31 of previous year 868323 08 4 Extended at 868323 08 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 150906 for first years reinsurance 124162 97 7 Total first years premiums on original policies 124162 97 8 Dividends applied to purchase paidup ad ditions and annuities 266 9 Surrender values applied to purchase paid up insurance and annuities 2552 00 9 Premiums on changed policies 6130 27 12 Total new premiums 133112 23 13 Renewal premiums without deduction for commissions or other expenses less 1309164 for reinsurance on renewals 394302 24 14 Dividends applied to pay renewal pre mima 27172 47 491 474 71 ewal premiums v 18 Total ren 19 Total premium income 21 Dividends left with the company to accumulate at in terest 23 Gross interest on mortgage loans 16912 27 25 Gross interest on bonds and dividends on stocks 542 50 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 554586 94 6349 57 14711 97 284 96796 ComptrollerGenerals Report 28 Gross interest on other debts due thecom pany 11370 30 33 Total gross interest and rents 34 From other sources viz Renewal commission charged out not paid agents 43 Total income IHDisbursements 1 For death claims less 300000 reinsur ance 63193 00 3 Net amount paid for losses and matured endowments 1 3 Disability premium loss 4 For annuities involving life contingencies 4 Premiums returned on cancelled policies 5 Premium notes and liens voided by lapse 6 Surrender values paid in cash or applied in liquidation of loans or notes Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 13 Dividends left with the company to accumulate at in terest 14 Total paid policyholders 15 Expense of investigation and settlement of policy claims 16 Paid for claims on supplementary contracts not involv ing life contingencies 17 Dividends and interest thereon held on deposit surren dered during the year 19 Commissions to agents less commission on reinsurance First years premiums 9081281 renewal premiums 1226113 total 20 Commuted renewal commissions 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks not included in item 21 24 Medical examiners fees 1323975 inspectionof risks 460651 total 48722 00 43 41 609701 92 63193 00 39 11 56 22 4040 38 8546 86 55468 40 2552 00 37 15 27172 47 266 99 6349 57 167722 15 1393 73 650 00 7261 97 103073 94 100 00 1686 50 12159 31 2591 55 17846 26CompteollekGenekals Report 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Bent including companys occupancy of its own build ings 27 Advertising 780527 printing and stationery 7662o7 postage 387019 telegraph and telephone l8860o express 21908 exchange 49716 subscription to insurance journals 53150 total 28 Legal expense not included in item 15 29 Special acturial expense 30 Investment expense 31 State examination expense 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes viz Federal cor poration tax 83340 miscellaneous license and tax 150248 municipal licenses and taxes on premiums 316603 total 38 Other disbursements viz Officers traveling expenses 492 15 incidental home office expenses 476501 premiums in suspense Dec 31 1911 transferred to premium income 357797 first year commission charged out 1911 paid in 1912 290361 collection fees charged out in 1911 paid in 1912 1939 charges to premium loss to adjust net premiums on changed policies 155650 total 45 Agents balances charged off 46 Gross loss on sale or maturity of ledger assets 47 Gross decrease by adjustment in book value of ledger assets viz Bonds 48 Total disbursements IVLedger Assets 2 Mortgage loans on real estate first liens I 3 Loans secured by pledge of bonds stocks or other col litprfl 4 Loans made to policyholders on this companys policies assigned as collateral 412 Automatic premium loans on policies 5 Premium notes on policies in force of which 301739 is for first years premiums 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 797 38732 48 3750 00 21471 82 2913 56 400 00 37 00 1404 00 4751 62 770 50 5501 91 13314 63 160 57 563 49 2577 00 410833 99 358025 00 172570 16 223527 00 10338 25 43777 95 146517 31 3086 13 86688 65 11877 61798 ComptbollebGenebals Eepoet 10 Bills receivable 128148 furniture and fixtures 8 933 al 8 11 Sundry personal items check returned by bank etc 5Q7 83 12 Total ledger assets 1067191 01 NonLedger Assets 13 Interest due 17874 and accrued 3 52494 on mortgages 14 Interest due and accrued on bonds 15 Interest accrued on collateral loans 16 Interest due and accrued on premium notes policy loans or liens 17 Interest due and accrued on other assets Interest on bank balances 3703 68 2064 16 14 23 585 36 162 87 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 26 Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 61581 47 8198 95 6530 30 27 Totals 28 Deduct loading 69780 42 18250 59 29 Net amount of uncollected and deferred premiums 30 All other assets viz Nonledger notes premiums 51529 83 4860 98 35 Gross assets 1130112 12 Deduct Assets Not Admitted 37 Furniture fixtures and safes g 39 Sundry personal items checks returned etc 40 Bills receivable 41 Premium notes and loans on policies and net premiums initem 29 in excess of the net value of their policies 8933 64 567 83 1281 48 3240 28 Total 46 Admitted assets 14023 23 1116088 89 CompteolleeGtEneeals Kepobi 799 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 2 American Experience table at 31 per cent on 1297081300 828639 00 3 American Experience table at 4 per cent on 236100000 73954 00 Total 902593 00 6 Deduct net value of risks of this company reinsured in other solvent companies 11714 00 7 Reserve to provide for health and acci dent benefits contained in life policies 1365 00 892244 00 8 Net reserve 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 6165 00 13 Claims for death losses incurred for which no proofs have been received 6750 00 6750 00 17 Total policy claims 19 Dividends left with the company to accumulate at in terest and accrued interest thereon Dividend 8 11877 interest 30000 total 8418 77 20 Premiums paid in advance including surrender values so applied 21 TTnearnued interest and rent paid in advance uy u 22 Commissions due to agents on premium notes when paid 3105 dS 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de 668 668 feTred premiums 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums 208o 57 or otherwise 39 All other liabilities viz Renewal premiums in sus 132 22 pense 928695 20 43 Total 100000 00 44 Capital stock 45 Unassigned funds surplus 1116088 89 46 Total 800 ComptrollerGenerals Eeport Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 4349 8387734 00 18 Policies on the lives of citizens of said State issued during the year restored policies 54 9936000 1079 1863249 00 19 Total 5428 10250983 00 20 Deduct ceased to be in force during the year moved fromGeorgia 12 policies 1250000 861 1560631 00 21 Policies in force December 31 4567 8690352 00 23 Losses and claims incurred during year 18 33660 00 24 Total 18 33660 00 25 Losses and claims settled during the year in cash 32910 00 26 Losses and claims unpaid December 31 disability 750 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 239660 60 SOUTHERN STATES MUTUAL LIFE INSURANCE COMPANY OF WEST VIRGINIA Harrison B Smith President John C Riheldoffer Secretary Principal Office Charleston W Va Brutus J Clay Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 566542 04 4 Extended at 566542 04 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 159742 for first years reinsurance 7 Total first years premiums on original policies 34888 04 34888 04B COMPTROLLEBGENEKAIiS EEPOBT 9 Surrender values applied to purchase paid up insurance and annuities 189 00 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 3 14999 for reinsurance on renewals 145774 42 18 Total renewal premiums 19 Total premium income 23 Gross interest on mortgage loans 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks less 3200 accrued interest on bonds acquired during 1912 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 32 Gross rent from companys property 24216 56 4270 31 4008 00 4762 58 198 78 900 00 33 Total gross interest and rents 34 From other sources viz Premiums paid in advance 55932 cash in suspense 24177 for examination of titles and fees 71200 total 40 From agents balances previously charged off 43 Total income IIIDisbursements 1 For death claims 22000 00 3 Net amount paid for losses and matured endowments 6 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pmchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 14 Total paid policyholders 18 Paid stockholders for interest or dividends 19 Commissions to agents less commission on reinsurance First years premiums 2187730 renewal premiums 314071 total 801 35077 04 145774 42 180851 46 38356 26 1513 09 41 36 220762 17 22000 00 18446 31 189 00 169 94 40805 25 4999 20 25018 01802 ComptrollerGenerals Eeport 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervsion and traveling expenses of supervisors except compensation for home office compensation 23 Branch office expenses including salaries of managers and clerks not included in item 21 24 Medical examiners fees 330600 inspection of risks 50666 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including 157950 for companys occupancy of its own buildings less 39000 received under sub lease 27 Advertising 194520 printing and stationery 156498 postage telegraph telephone and express 101308 collections 6618 total 28 Legal expense not included in item 15 29 Furniture fixtures and safes 30 Repairs and expenses other than taxes on real estate 31 Taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes viz Corporation tax 9000 personal property 86618 total 38 Other disbursements viz For examination of titles and fees in real estate loans 31250 general expense 116847 fire insurance 10680 net charges to loss and gain 71346 total 45 Agents balances charged off 48 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force of which 152841 is for first years premiums 6 Book value of bonds 6835000 and stocks 930000 total 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 1784 52 3295 31 2892 41 3812 66 16225 31 1189 50 4589 44 1363 72 158 23 31 95 116 80 703 35 587 50 S66 18 2301 23 3309 9 114140 54 15000 00 41401 08 59622 00 70429 08 13433 70 77650 00 1761 74 4267 83 6073 02CompteollebGeneeals Eepoet 803 10 12 13 14 15 16 17 20 21 25 26 27 28 29 30 35 37 38 40 41 43 Bills receivable 593957 agents balances debit 5 28652 credit 70087 net 458565 10525 22 Total ledger assets 673163 67 NonLedger Assets Interest due 114344 and accrued 3 20629 on mortgages Interest accrued on bonds Interest due 12000 and accrued 62477 on collateral loans Interest accrued on premium notes policy loans or liens Interest due and accrued on other assets Interest on bank stock Eents due on companys property or lease 4349 73 533 33 744 77 636 20 240 00 75 00 Total interest and rents due and accrued Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 8307 63 8913 08 Total Deduct loading 17220 71 3973 26 Net amount of uncollected and deferred premiums All other assets viz Furniture and fixtures and print ing and stationery Supplies stationery printed matter 1 00000 furniture fixtures and safes 200000 total Agents debit balances gross Bills receivable Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies Book value of ledger assets over market value viz Collateral loan No 29 se 3000 00 5286 52 5939 57 2548 24 6579 03 13247 45 3000 00 Gross assets 695990 15 Deduct Assets Not Admitted804 ComptrollerGenerals Eeport cured by renewal commissions also by 75 shares Bate Agency Co 5500 00 Total 46 Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 2 American Experience table at 32 per cent on modified preliminary term basis 359806 30 3 American Experience table at 3 per cent on full level premium basis 7361 22 Same for reversionary additions 15448 31 Total 382615 83 6 Deduct net value of risks of this company reinsured in other solvent companies 3750 30 7 Beserve to provide for health and accident benefits contained in life policies 249S 90 8 Net reserve 10 Liability on policies canceled and not included in net reserve upon which a surrender value may be de manded 13 Claims for death losses incurred for which no proofs have been received 5300 00 17 Total policy claims 20 Premiums paid in advance including surrender values so applied 21 Unearned interest and rent paid in advance 25 Salaries rents office expenses bills and accounts due or accrued 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 30 Unpaid dividends to stockholders 39 All other liabilities viz Cash in suspense 44 Capital stock 45 Unassigned funds surplus 46 Total 22274 33 673715 82 381364 43 503 5300 00 559 32 4863 39 176 09 957 77 80 241 77 250000 00 29748 37 673715 82 17 18 19 20 21 23 24 25 27 ComptrollekGenerals Report Business in the State of Georgia During the Year No Policies on the fives of citizens of said State in force December 31 of previous year 214 Policies on the lives of citizens of said state issued during the year 104 Total Deduct ceased to be in force during the year 318 62 Policies in force December 31 256 Losses and claims incurred during year Total 1 Losses and claims settled during the year in cash Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 805 Amount 400256 00 176546 00 576802 00 95376 00 481426 00 2000 00 2000 00 2000 00 15340 14 SOUTHERN LIFE INSURANCE COMPANY OF NASHVILLE TENN F M Searight President E T Hall Secretary Home Office 418202122 Stahlman Bldg Nashville Tenn J E Shepherd Americus Attorney for Service in Georgia LCapital Stock 1 Amount of capital paid up in cash 201270 00 2 Amount of ledger assets as per balance December 31 of previous year 191434 61 3 Increase of capital during the year 34820 00 4 Extended at IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 12 Total new premums 13 Eenewal premiums without deduction for commissions or other expenses less 21130 for reinsurance on renewals 226254 61 18948 04 18948 04 9046 97 18 Total renewal premiums 19 Total premium income 9046 97 27995 01806 ComptbollebGenebals Eepoet 23 Gross interest on mortgage loans 1380 00 24 Gross interest on collateral loans 13 50 25 Gross interest on bonds and dividends on stocks less 33750 accrued interest on bonds acquired during 1912 5 860 28 27 Gross interest on deposits in trust com panies and banks 260 26 28 Gross interest on other debts due the com pany viz Agency advances 10 37 33 Total gross interest and rents 34 From other sources viz Surplus from stock sales 28 31750 industrial premiums 4674363 accident and health premiums 3856203 total 41 Gross profit on sale or maturity of ledger assets viz Bonds 43 Total income IIIDisbursements 1 For death claims 2 For matured industrial claims 22 00 10973 40 3 Net amount paid for losses and matured endowments 19 Commissions to agents less commission on reinsurance First years premiums 1067617 renewal premiums 69411 total 21 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 22 Agency supervsion and traveling expenses of supervisors except compensation for home office supervision 24 Medical examiners fees 687000 inspection of risks 4150 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Rent including companys occupancy 27 Advertising 33068 printing and stationery 258119 postage telegraph telephone and express 70162 total 28 Legal expense not included in item 15 33 Insurance department licenses and fees 34 All other licenses fees and taxes viz Federal cor poration tar 157113 bonuses 9000 premium on indemnity bonds 28900 miscellaneous sundry items total 38 Other disbursements viz Salaries and commissions to agents superintendents and assistants 4711812 7529 41 113623 16 165 00 149312 58 13173 40 11370 28 4107 70 187 90 6911 50 8742 00 3129 93 3613 49 366 56 413 22 2338 14ComptrollerGenerals Beport 807 46 claims accident and health 2264939 commissions 1221408 other disbursements accident and health department 1115834 total Gross loss on sale or maturity of ledger assets viz Stocks 48 Total disbursements IVLedger Assets Mortgage loans on real estate first liens Loans secured by pledge of bonds stocks or other col lateral Premium notes on policies in force Book value of bonds Cash in companys office 132 70 Deposits in trust companies and banks not on interest 31632 79 Deposits in trust companies and banks on interest 60510 00 10 Total cash items Agents balances Agency advances Furniture and fixtures Deposit Commercial Bank and Trust Co 11 12 Total ledger assets NonLedger Assets 13 14 15 21 23 25 28 29 Interest on mortgages Interest on bonds Interest on certificates of deposit 878 50 80 00 135 22 Total interest and rents due and accrued Market value of bonds and stocks over book value New Business Renewals Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums Deduct loading 3733 74 2109 56 1706 98 139 98 Net amount of uncollected and deferred premiums 1624 18 1567 00 46021 81 195 00 147916 82 36500 00 150 00 2144 54 866610 25 93495 49 67 55 1133 52 3749 32 3799 70 227650 37 1093 72 3382 25 3191 18 35 Gross assets 235317 52 808 ComptbollebGenebals Hepobt Deduct Assets Not Admitted 37 Supplies stationery printed matter fur niture fixtures and safes 3 749 39 38 Agents debit balances gross 356 62 39 Cash advanced to or in the hands of offi cers or agents 1 133 52 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 1 488 54 43 Book value of ledger assets over market value viz Deposit in Commercial Bank Trust Co only 20 per cent allowed 3039 76 Total 9767 76 46 Admitted assets J76 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on 734 67900 insurance issued 19111912 modi fied preliminary term 11894 00 2 American Experience table at 3 per cent on 17700000 twenty payment life option issued 19111912 modified preliminary term 4 177 00 4 Other tables and rates viz Actuaries 4 per cent tables all industrial business written 19111912 by New York rule 3346 00 al 19417 00 b Deduct net value of risks of this company reinsured in other solvent companies 146 00 7 Reserve to provide for health and acci dent benefits contained in life policies 190 00 8 Net reserve paidfor business 22 Commissions due to agents on premium notes when paid 73 65 25 Salaries rents office expenses bills and accounts due or accrued 21 31 26 Medical examiners fees Z J O Ul ComptrollerGenerals Report 809 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 973 48 36 Reinsurance premium due 66 15 37 Reinsurance reserve accident and health department 1510 24 38 Salaries rents accounts and health and accident claims pending 513 46 43 Total 2294429 44 Capital stock 201270 00 45 Unassigned funds surplus 335 47 46 Total 225549 76 Business in the State of Georgia During the Year No Amount 18 Policies on the lives of citizens of said State in force December 31 of previous year 33 59500 00 19 Total 33 59500 00 20 Deduct ceased to be in force during the year 4 8500 00 21 Policies in force December 31 29 51000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 596 25 THE TRAVELERS INSURANCE COMPANY OF HARTFORD CONN SylvesteT C Dunham President James L Howard Secretary Home Office No 700 Main Street Hartford Connecticut James A Williamson Atlanta Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 60636418 48 4 Extended at 60636418 48 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 5622996 for first years rensurance 1327152 47810 CompteolleeGenebals Repoet 6 Surrender values applied to pay first year s premiums 177 13 7 Total first years premiums on original policies 1327329 60 8 Dividends applied to purchase paidup ad ditions and annuities 20 338 00 9 Surrender values applied to purchase paid up insurance and annuities 20 235 55 10 Consideration for original annuities in volving life contingencies 165 870 92 11 Consideration for supplementary contracts involving life contingencies 8 796 27 12 Total new premiums 1542570 34 13 Eenewal premiums without deduction for commissions or other expenses less 19742478 for reinsurance on renewals 7013374 26 14 Dividends applied to pay renewal pre miums 34920 58 16 Surrender values applied to pay renewal premiums 305 CO 17 Eenewal premiums for deferred annuities 1 382 90 18 Total renewal premiums 7 O49 933 34 19 Total premium income 8592553 68 20 Consideration for supplementary contracts not involving life contingencies 554400 61 23 Gross interest on mortgage loans less 996509 accrued interest on mortgages acquired during 1912 1357522 88 25 Gross interest on bonds and dividends on stocks less 2977426 accrued interest on bonds acquired during 1912 1 179 477 99 26 Gross interest on premium notes policy loans or liens 427796 79 27 Gross interest on deposits in trust com panies and banks 37 Q03 32 28 Gross interest on other debts due the com pany viz Interest on contracts for sale of real estate 29050 miscella neous 57463 total 865 13 31 Gross discount on claims paid in advance 360 89ComptrollerGenerals Report 811 32 Gross rent from companys property in cluding 6573550 for companys occu pancy of its own buildings 74409 13 33 Total gross interest and rents 307436 13 34 From other sources viz Profit and loss miscellaneous previously charged off 40 From agents balances previously charged off 115 00 41 Gross profit on sale or maturity of ledger assets viz Keal estate 365000 bonds 124900 stocks 32 40925 total 37308 25 42 Gross increase by adjustment in book value of ledger assets viz Real estate 400000 bonds including 1528357 for accrual of discount total 42483 57 43 Total income 12308342 44 IIIDisbursements 1 For death claims less 5904900 reinsur ance 257878851 additions 5 50400 total 2584292 51 2 For matured endowments less 2000000 reinsurance 905372 78 3 Net amount paid for losses and matured endowments 3489665 29 4 For annuities involving life contingencies 47343 23 410 For disability claims 1937 74 6 Surrender values paid in cash or applied in liquidation of loans or notes 845012 98 7 Surrender values applied to pay new premiums 17713 to pay renewal premiums 30560 total 482 73 8 Surrender values applied to purchase paidup insurance and annuities 20235 5S 10 Dividends applied to pay renewal premiums 34920 58 19 Dividends applied to purchase paidup additions and 20338 00 annuities 14 Total paid policyholders 4459936 10 15 Kxpense of investigation and settlement of policy claims including 150723 for legal expenses 4183 96 16 Paid for claims on supplementary contracts not involving life contingencies 402406 95 18 Paid stockholders for interest or dividends 250000 00 18 Discount on premiums paid in advance 1844 17 19 Commissions to agents less commission on reinsurance First years premiums 54843944 renewal premiums 31772554 annuities original 486134 renewal 6340 total 871089 72 812 ComptrollerGenerals Eeport 20 Commuted renewal commissions 4 279 00 22 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 50151 80 23 Branch office expenses including salaries of managers and clerk not included in item 21 234 028 49 24 Medical examiners fees 8068175 inspection of risks 2215164 total 102 833 39 25 Salaries and all other compensation of officers directors trustees and home office employees 221 6 12 26 Bent including 2092872 for companys occupancy of its own buildings 100 157 41 27 Advertising 3143200 printing and stationery 26 44401 postage telegraph telephone and express 4250999 exchange 117344 total 101559 44 28 Legal expense not included in item 15 1M3 90 29 Furniture fixtures and safes 13526 33 30 Bepairs and expenses other than taxes on real estate 49737 12 31 Taxes on real estate 24647 93 66 btate taxes on premiums 111 440 Q 33 Insurance department licenses and fees 10081 60 34 All other licenses fees and taxes viz Federal cor poration tax 2862318 State county and municipal licenses and fees 424516 State county and munici pal taxes 93314 tax on participating reserve 8 13014 Mexican stamp tax 1490 tax on capital stock 7196317 total 113 909 69 38 Other disbursements viz Heat light and miscellaneous expense 1229189 newspapers periodicals and books 168802 miscellaneous expense 797546 mortgage loan expense 3850998 traveling expense of home office employees 995089 total 70 416 24 45 Agents balances charged off g6 45 Profit and loss outstanding drafts previously credited 9 80 46 Gross loss on sale or maturity of ledger assets viz Bonds 1673 00 47 xross decrease by adjustment in book value of ledger assets viz Beal estate 5991438 bonds including 4095008 for amortization of premium 9505383 total 154968 21 48 Total disbursements I r 0 7356577 68 TVLedger Assets Home office real estate imhm t l61o000 00 1 Book value of real estate 22 550 00 2 Mortgage loans on real estate first liens 2587965 16 4 Loans made to policyholders on this companys policies assigned as collateral 80 4lo9 42ComptrollerGenerals Report 813 6 Book value of bonds 2624432000 and stocks 1708 36483 total 7000 00 7 Cash in companys ofeice 9 Deposits in trust companies and banks on mterest 1437123 65588183 24 12 Total ledger assets NonLedger Assets 13 Interest due 966227 and accrued 486 03207 on mortgages 14 Interest due 3788750 and accrued 40306114 on bonds 495694 34 440948 64 21 Total interest and rents due and accrued 36642 98 23 Market value of bonds and stocks over book value 54ob7Z New Business Renewals 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance cn on R n i 341 10 5o9789 63 premiums 26 Gross deferred premiums on policies in force De cember 31 1912 less reinsurance premiums 110118 40 619643 39 27 Totals 122459 50 1179 433 02 28 Deduct loading 20083 36 117943 30 29 Net amount of uncollected and deferred premiums 102376 14 1061489 h 35 Gross assets 68234364 25 Deduct Assets Not Admitted 42 Overdue and accrued interest on bonds 36875 00 in default 46 Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the 68197489 25 814 ComptrollerGenerals Report company on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on all participating business and upon all policies with surrender values based upon this reserve 0Q bame for reversionary additions 18 7S0 00 3 American Experience table at 3 per cent on all policies not included in sec k xr n 1 52937979 00 5 Net present value of annuities including those in reduction of premiums viz Emory McClintocks tables of mortality among annuitants with 3 per cent interest o67765 00 Total R t 58258849 00 6 Deduct net value of risks of this company reinsured in other solvent companies 1095951 00 7 Reserve to provide for health and accident benefits contained in life policies 43627 00 8 Net reserve 9 Present value of v contracts not involving life contingencies computed by the company 10 Liability on policies canceled and oi included in nei 396954 0 reserve upon which a surrender value may be de manded 12 Claims for death losses in process of ad 37294 15 p r adJlSted aDd DOt due 31311 87 Id Claims for death losses incurred for which no proofs have been received 164 35 71 14 Claims for matured endowments due and unpaid 15 Claims for death losses and other claims resisted by the company 9Q00 0Q 17 Total policy claims IS Due and unpaid on supplementary contacts not inVol 2649 58 ing life contingencies 20 r7jppdd in adV8nce ina a 4500 21 Unearned interest and rent paidta advance W 2 23 Commissions to agents due or accrued 39 25 Salaries rents office expenses bills andaccountsdue or accrued 40690 00ComptrollerGenerals Report 815 26 Medical examiners fees 856900 and legal fees 51100 due or accrued total 9 27 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year j 245547 00 of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de 4870 40 ferred premiums 3 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1913 whether contingent upon the payment of renewal premiums 5o136 47 or otherwise 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in n 156ol5 00 item 66 35 Reserve special or surplus funds not included above Additional for pro rata paid up values 500000 ad ditional for deferred reversionary and miscellaneous annuity contracts 1500000 special contingency re serve 5000000 total 45 ITnassigned funds surplus Q8iu 68197489 25 46 Total Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 1564 4920953 00 18 Policies on the lives of citizens of said State issued during the year 213966 00 19 Total 1640 5134919 00 20 Deduct ceased to be in force during the year 75 otfiutf 21 Policies in force December 31 1565 4875810 00 22 Losses and claims unpaid December 31 of pre 3411 bo vious yeaT 23 Losses and claims incurred during year 20 ll4bd 20 122875 41 24 Total 25 Losses and claims settled during the year m cash 76 34 Saved by adjustment 26 Losses and claims unpaid December 31 w 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends cieuiLs vvai j 147 411 39 commisions ot other expenses 816 ComptbollebGenebals Eepokt UNION CENTRAL LIFE INSURANCE COMPANY OF OHIO Jesse B Clark President George L Williams Secretary Principal Office 353 West 4th Street Cincinnati Ohio Thomas H Daniel Atlanta Attorney for Service in Georgia LCapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 83763884 69 4 Extended at37 83763884 60 IIIncome 5 First fear s premiums on original policies without deduction for commissions or other expenses less 875713 for first years rensurance 1595768 14 6 Surrender values applied to pay first year a premiums 954 15 7 Total first years premiums on original Plieies 1596722 29 8 Dividends applied to purchase paidup ad ditions and annuities 371 573 gg 9 Surrender values applied to purchase paid up insurance and annuities 44 577 44 10 Consideration for original annuities in volving life contingencies 4 500 00 12 Total new premiums zm m 2 15 rienewal premiums without deduction for commissions or other expenses less 16177935 for reinsurance on renewals 8 427 210 39 14 Dividends applied to pay renewal pre miums 1310954 09 16 Surrender values applied to pay renewal rremhms 106011 06 18 Total renewal premiums 984M7g 2 Ttare come 11861648 83 0 Consideration for supplementary contracts not involving life contingencies 51 328 91 21 Dividends left with the company to accumulate at in terest 150 06ComptkollerGeneraes Keport 817 23 Gross interest on mortgage loans less 91401832 accrued interest on mort gages acquired during 1912 4356657 34 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com 500 00 890953 13 23192 39 pany 31 Gross discount on claims paid in advance 32 Gross rent from companys property in cluding 1160000 for companys occu pancy of its own buildings 1273 11 1527 86 22289 76 33 Total gross interest and rents 34 From other sources viz Gross profit from compromise and adjustment of mortgage loans 40 From agents balances previously charged off 4l Gross profit on sale or maturity of ledger assets viz Eeal estate 43 Total income 5296393 59 67137 29 5814 59 7129 03 17289602 30 IIIDisbursements 1 For death claims less 8950000 reinsur ance 292153715 additions 40 21825 total 2961755 40 2 For matured endowments 226653929 additions 3152414 total 2298063 43 3 Net amount paid for losses and matured endowments 4 Fot annuities involving life contingencies 5 Premium notes and liens voided by lapse less 1683155 restorations 6 Surrender values paid in cash or applied in liquidation of loans or notes 7 Surrender values applied to pay new premiums 95415 to pay renewal premiums 10601106 total 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and annuities 5259818 83 22487 42 93908 94 1258235 50 106965 21 44577 44 142578 42 1310954 09 371673 56 818 ComptrollerGenerals Eeport 13 Dividends left with the company to accumulate at interest 150 06 14 Total paid policyholders 8 611 349 47 15 Expense of investigation and settlement of policy claims 734 14 lb Paid for claims on supplementary contracts not involving life contingencies 18 Paid stockholders for interest or dividends 50 000 00 19 Comnnssions to agents less commission on reinsurance First years premiums 64932534 renewal premiums 6440019 annuities original 16500 total 1294245 53 20 Commuted renewal commissions 0 lr Z 22 Agency supervision and traveling expenses ofsupervisors 9 1 XuePl eomPeilsatio11 fr home office supervision 36 938 43 23 Branch office expenses including salaries of managers and clerks not included in item 21 48lr 24 Medical examiners fees 7522500 inspectionofrisks 548755 total 25 Salaries and all other compensation of officers directors trustees and home office employees Q7 no 0 26 Rent including 1160000 for companys occupancyof its own buildings 27 Advertising 2782454 printing and stationery 28 9 Srtartteegraphteiephone ana 2259685 exchange 425 total 0 M 28 Legal expense not included in item 15 l 29 Furniture fixtures and safes 30 Repairs and expenses other than taxesj on real estaie Ifsl 79 31 Taxes on real estate 32 State taxes on premiums 11 41 33 Insurance department licenses and fees llll 91 34 All other licenses fees and taxes Z FedeVal cor uTzso s360 Hamiton ohioiocai 38 Other disbursements viz aeneraiexpensehome Vffi Jbo719 traveling expense home office 14 307 30 mortgage loan expense expense of making new in vestments 29838052 mortgage expense expense ot maintaining mortgage investments 7opo08 profit and loss gross loss on mortgage loans 58b 45 Agents balances charged off 46803 01 46 Gross loss on sale or maturity ofledgerassetsvz Real estate 2104 71 48 Total disbursements 11510155 31ComptbolleeGeneeals Repoet 819 IVLedger Assets 1 Book value of real estatei 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 of which 44685528 is for first years premiums 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 1773547 10 70694166 13 14075084 11 2198762 27 25000 00 4742 19 10262 15 761767 73 12 Total ledger assets NonLedger Assets 13 Interest due 6430759 and accrued 2 52140386 on mortgages 2585711 45 14 Interest accrued on bonds 16 Interest due and accrued on premium notes policy loans or liens 20 Rents due and accrued on companys prop erty or lease 125 00 557801 18 850 00 21 Total interest and rents due and accrued 23 Market value of bonds and stocks over book value 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 567619 56 26 Gross deferred premiums on policies in force December 31 1912 less reinsur ance premiums 110907 02 3144487 63 328 13 27 Totals 28 Deduct loading 678526 58 135705 32 29 Net amount of uncolleeted and deferred premiums 35 Gross assets Deduct Assets Not Admitted 43 Book value of ledger assets over market 542821 26 93230968 70 value viz Real estate Total 177354 71 177354 71 46 Admitted assets 93053613 99820 ComptrollerGenerals Report VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1912 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on issues of 1900 and prior years 36562005 00 2 American Experience table 3 per cent on issues of 1901 and subsequent years 36102815 00 Same for reversionary additions 1971538 00 5 Net present value of annuities including those in reduction of premiums Actuaries 4 per cent issues of 1900 and prior years 85825 00 McClintocks 3 per cent issues of 1901 and subsequent years 108954 00 Total 74831137 00 6 Deduct net value of risks of this company reinsured in other solvent companies 594040 00 8 Net reserve 74037097 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 913233 00 12 Claims for death losses in process of ad justment or adjusted and not due 16575 30 13 Claims for death losses incurred Ior which no proofs have been received 127159 30 14 Claims for matured endowments due and unpaid 1194359 15 Claims for death losses and other policy claims resisted by the company 13000 00 17 Total policy claims 168678 19 19 Dividends left with the company to accumulate at in terest and accrued interest thereon 931 S7 20 Premiums paid in advance including surrender values so T applied 9297145 21 Unearned interest and rent paid in advance 85774 97 22 Commissions due to agents on premium notes when paid 295879 59 24 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 3 533 03 25 Salaries rents office expenses bills and accounts due or accrued 5 261 28 26 Medical examiners fees 8g0g 0QComptrollerGenerals Report 821 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends or other profits due polieyholders including those contingent on payment of outstanding and de ferred premiums 1a 39 Dividends declared on or apportioned to annual dividend policies payable to polieyholders during 1913 whether contingent upon the payment of renewal premiums or otherwise 33 Dividends declared on or apportioned to deferred divi dend policies payable to polieyholders during 1913 9o8iu 34 Amounts set apart apportioned previsionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 33 35 Reserve special or surplus fds not mc uded above Deports for abstracts temporarily loaned f5f interest received on loans contracted for 1913 0 967 75 principal payments received on account of loans contracted for 1913 86000 commissions received by company on loans contracted for 1913 111300 11285 To 40 Due upon individual accounts 248941 84 41 Surplus derived from nonparticipatmg policies W 44 Capital stock TT a fsnrnlnsl derived from participating 45 Unassigned funds surplus uenvcu 2 348 602 94 policies 93053613 99 46 Total Business in The State of Georgia During The Year No Amount 17 Policies on the lives of citizens of said state in force Dec 31 of previous year boy 18 Policies on the lives of citizens of said state issued during the year J 7994 16577170 00 19 Total Qfi8 inr Afi 20 Deduct ceased to be in force during the year 515 9680o 10 91 7479 15608665 00 21 Policies in force December 31 22 Losses and claims unpaid December 31 of pre vious year a S q 23 Losses and claims incurred during the year42 8o6b8 W 43 86668 69 24 Total 822 ComptrollerGenerals Beport 25 Losses and claims settled during the year in cash 7876800 by compromise 290069 41 81668 69 26 Losses and claims unpaid Dec 31 2 5000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 421109 39 UNITED STATES ANNUITY AND LIFE INSURANCE COMPANY OF CHICAGO ILLINOIS Henry A Salzer Preident Wm T Smith Secretary Hon Wm A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 3 Increase of capital during the year Surplus on stock sold 4 Extended at IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 51623 for first years rensurance 8 Dividends applied to purchase paidup ad ditions and annuities 9 Surrender values applied to purchase paid up insurance and annuities 729120 17 6100 00 4189 60 739409 77 121439 19 15 29 1605 48 12 Total new premiums 13 Renewal premiums without deduction for commissions or other expenses less 6 72031 for reinsurance or renewals 211508 76 14 Dividends applied to pay renewal prem iums 18592 13 123059 96 18 Total renewal premiums 230 100 89 19 Total premium income 353 jgg 85 21 Dividends left with the company to accumulate at in terest 1166 3GComptbollebGenebals Report 823 23 Gross interest on mortgage loans loss 215 55 accrued interest on mortgages acquired during 1912 1A 25 Gross interest on bonds and dividends on stocks less 29361 accrued interet on bonds acquired during 1912 IS283 89 26 Gross interest on premium notes policy 3lo 01 loans or liens 27 Gross interest on deposits in trust com 3 oo2 40 panies and banks 28 Gross interest on other debts due the com pany 38973 75 33 Total gross interest and rents 393300 96 43 Total income IIIDisbursements 1 For death claims less 400000 reinsur ance 4221000 additions 167200 43882 00 3 Net amount paid for losses and matured endowments 43882 00 5 Premium notes and liens voided by lapse 6 Surrender values paid in cash or applied in liquidation ot loans or notes 8 Surrender values applied to purchase paidup insurance and annuities 5g2 13 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paidup additions and an nuities 13 Dividends left with the company to accumulate at ui terest 76371 83 14 Total paid pohcyholders 15 Expense of investigation and settlement of pokey claims including 10647 for legal expenses 17 Dividends and interest thereon held on deposit surren dered during the year 18 Paid stockholders for interest or dividends 19 Commissions to agents less commission on reinsurance First years premiums 5155273 renewal premiums gg 1Q 3728537 total V 24 Medical examiners fees 1534150 inspectian of risks 325400 total 25 Salaries and all other compensation of officers directors trustees and home office employees4 soo 26 Pent 824 CompteollebGeneeals Repoet 27 Advertising 115700 printing and stationery 132926 postage telegraph telephone and express 116171 exchange 3842 28 Legal expense not included in item 15 29 Furniture fixtures and safes 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Federal corporation tax 49173 municipal 44099 personal tax 111 56701 total 38 Other disbursements Miscellaneous expense 42 Investment Expense 48 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 70482 30 and stocks 10067500 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 12 13 14 17 18 21 23 25 26 27 28 29 35 Total ledger assets NonLedger Assets Interest due 8245000 and accrued 6 71624 on mortgages Interest accrued 147855 on bonds Interest accrued on other assets viz Deposits in banks on interest 7540 74 1478 55 284 44 Total interest and rents due and accrued Market value of bonds and stocks over book value Gross premiums due and unreported on policies in force Dec 31 1912 20607 03 Gross deferred premiums on policies in force Dec 311912 12378 41 Total Deduct loading 32985 44 6744 73 Net amount of uncollected and deferred premiums Gross assets 3636 39 150 00 808 50 5017 17 3713 52 1499 73 1271 82 1695 99 246790 76 25000 00 306505 00 300000 00 52430 49 9223 12 171157 30 1603 49 24524 04 55598 24 946041 68 9303 73 10000 00 26240 71 991586 12ComptrollebGeneeals Report 825 Deduct Assets Not Admitted 41 Premium notes and loans on pohcies and net premiums in item 29 in excess of the net value of their policies 11 990460 56 46 Admitted assets VLiabilities Surplus and other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the 111 Ins Supt on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued during 1906 and 1907 156106 00 2 American experience table at 3 per cent on policies issued after Jan 1 1908 39888 00 554894 00 Total 6 Deduct net value of risks of this company reinsured in other solvent companies 550877 00 8 Net reserve 19DividendS left with the company to accumulate at in terest and accrued interest thereon 20 Premiums paid in advance including surrender values so applied 1 325 41 21 Unearned interest and rent paid m advance 22 Commissions due to agents on premium notes when paid 25 Salaries rents office expenses bills and accounts due or 26 MedlTelaminers fees 100500 and legal fees 35530 due or accrued 27 Estimated amount hereafter payable for and other taxes based upon the business of the J ear of this statement 31 Dividends or other profits due policyholders mcludmg those contingent on payment of outstanding and de ferred premiums 32 Dividends declared on or apportioned to annual dWend policies payable to policyholders during 1913 whether contingent upon the payment of renewal Ps or m 53 other wise 34 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment npon deferred dividend policies not included in item 33 826 ComptrollerGenerals Keport 35 Reserve special or surplus funds not included above Excess cash held at interest on policies under extd Ins 154 00 41 General agency credit balance finio 44 Capital stock 60121 71 300000 00 45 Unassigned funds surplus n 2Q0 Qg Business in The State of Georgia During The Year i No Amount 1 Policies on the lives of citizens of said state in force Dec 31 of previous year 204 562545 50 IS Policies on the hves of citizens of said state issued during the year 253 5Q 19 Total 9n r x 4o9 950341 00 20 Deduct ceased to oe in force during the year 135 461797 00 21 Policies in force Dec 31 488 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 13 16 27 THE VOLUNTEER STATE LIFE INSURANCE COMPANY OF CHATTANOOGA TENNESSEE Z C Patten President W C Stacy Secretary 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 1110844 95 4 Extended at A 1210844 95 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 185869 for first years reinsurance 1171 o tv lllo3 24 8 Dividends applied to purchase paidup ad ditions and annuities 322 53ComptrollerGenerals Report 827 9 Surrender values applied to purchase paid up insurance and annuities 117878 77 12 Total new premiums 13 Eenewal premiums without deduction for commissions or other expenses less 9 55404 for reinsurance on renewals 435933 16 14 Dividends applied to pay renewal prem iums 445139 58 18 Total renewal premiums 563018 35 19 Total premium income 20 Consideration for supplementary contracts not involving life contingencies 23 Gross interest on mortgage loans less 2 415 55 accrued interest on mortgages acquired during 1912 222 24 Gross interest on collateral loans o uu 25 Gross interest on bonds and dividends on stocks 26 Gross interest on premium notes policy loans or liens 27 Gross interest on deposits in trust com panies and banks 28 Gross interest on other debts due the com pany Interest miscellaneous 30 Commissions on mortgage loans 35 Worthless notes previously written off h 36 Premiums paid in advance increase 37 Premium reduction coupons unpaid in crease 52 29 38 Mortgage loan expense credit 40 From agents balances previously charged off 41 Gross profit on sale or maturity of ledger assets viz Bonds 42 Gross increase by adjustment in book value of ledger assets viz Bonds BBSS ou 642757 82 43 Total income HIDisbursements 1 For death claims 101760 3 Net amount paid for losses and matured endowments 101760 00 4 For annuities involving life contingencies828 ComptrollerGenerals Report 5 Premium notes and liens voided by lapse 6 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to purchase paidup insurance and annuities 9 Dividends paid to polieyholders in cash or applied in liquidation of loans or notes 10 Dividends applied to pay premiums 12 Dividends applied to purchase paidup additions and an nuities 14 Total paid polieyholders 15 Expense of investigation and settlement of policy claims 16 Paid for claims on supplementary contracts not involving life contingencies 19 Commissions to agents less commission on reinsurance First years premiums 7036965 renewal premiums 2310850 total 20 Commuted renewal commissions 21 Compensation of managers and agents not paid by com mission for services in obtaining new inurance 22 Agency supervision and traveling expenses of supervisiors except compensation for home office supervision 23 Branch office expenses including salaries of managers and clerks not included in item 21 24 Medical examiners fees 1219553 inspection of risks 239430 total 25 Salaries and all other compensation of officers directors trustees and home office employees 26 Eent 27 Advertising 499032 printing and stationery 432782 postage telegraph telephone and express 319987 exchange 7829 28 Legal expense not included in item 15 29 Furniture fixtures and safes 30 Repairs and expenses other than taxes on real estate 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Taxes on assets 3 92740 licenses cities etc 62474 total 38 Other diburements Traveling expense 62375 prem reduction coupons paid 826515 incd expense home office 132706 lights 9406 office supplies home office 39099 actuary 106320 legislative expjense 14216 dept examination 33500 premiums pending decrease 54700 sundry items 136370 total 6002 59 40532 77 403 00 2353 75 9206 35 322 53 161345 97 1118 25 1000 00 93478 15 17650 72 6444 28 10836 02 3659 77 14589 83 31775 06 2415 00 12596 30 169 12 649 17 50 05 3584 64 1307 50 4552 14 14152 07 48 Total disbursements 3si 374 04CompteollebGenebals Repoet IVLedger Assets 2 Mortgage loans on real estate Other than first liens 3 Loans secured by pledge of bonds stocks or other col lateral 4 Loans made to policyholders on this companys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Bill receivable 218225 agents balances 86717 credit 137383 net 50666 due agts 829 769535 00 2000 00 52500 00 236864 03 23300 36 198840 98 7295 92 16801 66 63415 19 1675 59 12 Total ledger assets NonLedger Assets 13 14 15 16 21 25 26 27 28 Interest due 19250 and accrued 17 57181 on mortgages i Interest accrued on bonds Interest accrued on collateral loans Interest accrued on premium notes policy loans or liens Total Deduct loading 17764 31 312 86 815 83 451 99 Total interest and rents due and accrued Gross premiums due and unreported on policies in force Dec 31 1912 41037 11 Gross deferred premiums on policies in force Dec 31 1912 15A96 25 56233 36 6787 32 Net amount of uncollected and deferred premiums 29 35 Gross assets 19344 99 49446 04 1441019 76 Deduct Assets Not Admitted 38 Agents debit balances gross 40 Bills receivable 867 17 2182 25 45 Total 41 3049 42 Admitted assets 1437970 34 830 ComptrollerGenerals Report VLiabilities Surplus and other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1912 as computed by the Company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on prior to j April 1st 1912 120826700 2 American Experience table at 3M per cent since April 1st 1912 14553 00 5 Net present value of annuities including those in reduction of premiums 1122 00 Total 1223942 00 6 Deduct net value of risks of this company reinsured in other solvent companies 7502 00 1216440 00 8 Tv et reserve 9 Present value of amount not yet due on supplementary contracts not involving life contingencies 99 90 13 Claims for death losses incurred for which no proofs have been received 2000 00 15 Claims for death losses and other policy claims resisted by the company 5000 00 7000 00 17 Total policy claims 20 Premiums paid in advance including surrender values so applied q 21 Unearned interest and rent paid in advance wu 22 Commissions due to agents on premium notes when paid lboO 25 Salaries rents office expenses bills and accounts due or accrued 950 00 26 Medical examiners fees 27 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year 3500 00 of this statement 31 Dividends or other profits due policyholders including those contingent on payment of outstanding and de f erred premiums 35 Reserve special or surplus funds not included above Premium reduction coupons unpaid ll8o5 40 40 Trust Eunds 58 So 41 Premiums pending 100000 00 44 Capital stock 45 Unassigned funds surplus 778o0 16 46 Total 1437970 34ComptrollerGenerals Report 831 Business in The State of Georgia During The Year No Amount 17 Policies on the lives of citizens of said state in force Dec 31 of previous year 1254 2099594 00 18 Policies on the lives of citizens of said state issued during the year 410 769114 00 19 Total 1664 2868708 00 20 Deduct ceased to be in force during the year 330 546954 00 21 Policies in force Dec 31 1334 2321754 00 22 Losses and claims unpaid December 31 of pre vious year 3 12000 00 23 Losses and claims incurred during year 10 13568 00 24 Total i 13 95568 00 25 Losses and claims settled during the year in cash 12 24568 00 26 Losses and claims unpaid Dec 31 1 1000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 70 559 77ASSESSMENT COMPANIES LIFE AMERICAN INSURANCE COMPANY OF SAVANNAH GEORGIA N T Counts President J S Dukes Secretary Principal Office 115 Park Ave West Savannah 6a Gordon Saussy Attorney for Service in Georgia IBalance Sheet Balance from previous year deficit 7515 96 IIIncome 1 Membership fees actually received 3266 62 5 Other payments by applicants and members viz An nual dues payable weekly 43443 96 9 Total received from applicants and members 46710 58 13 Gross interest on bonds and dividends on stocks 175 00 15 Gross interest on deposits in trust companies and banks 29 89 19 From all other sources viz Sale of 316 guaranty fund certificates at 10000 each 31600 00 29 Total income 78335 73 IIIDisbursements 1 Death claims 3293 15 3 Sick and accident claims 19251 83 10 Total payments to members 22544 98 13 Salaries of managers or agents not paid by commissions 28821 47 14 Salaries of officers and trustees 2928 34 17 Salaries of office employees 1321 34 19 Salaries and fees paid to medical examiners 63 50 20 Traveling and other expenses of officers trustees and committees 300 00 21 Traveling and other expenses of managers and agents 589 96 22 Collection and remittance of fees dues assessments and premiums 35 09 23 Insurance department fees and licenses 126 25 28 Other taxes viz State county and city taxes on real estate 135 91ComptrollerGenerals Keport 833 31 Rent 32 Advertising printing and stationery 33 Postage express telegraph and telephone 34 Legal expense in litigating claims 35 Other legal expenses 37 Furniture and fixtures 38 Borrowed money interest on 230000 mortgage 39 All other disbursements viz Premium on fidelity bond 1050 auditing Atlanta office 1500 entertainment etc 13705 office expenses 68799 total 44 Agents balances charged off 47 Total disbursements 226 00 1529 07 163 68 53 90 225 00 920 20 161 60 850 54 8 06 61004 89 IVLedger Assets 1 Book value of real estate less 230000 mortgage 4 Book value of bonds 6 Deposited in trust companies and banks not on interest 7 Cash in associations office 10 Other ledger assets viz Furniture and office equip ment 12550 deposited with Georgia Railway Power Co Atlanta to secure light contract 1000 total 13 Total ledger assets NonLedger Assets 15 Interest accrued on bonds 43 75 19 Total interest and rents due and accrued 24 All other assets viz Weekly premiums due and un paid on policies in force less estimated cost of col lection 32 per cent 30 Gross assets 40 Total admitted assets 2700 00 4700 00 2182 72 126 66 135 50 9844 88 43 75 671 69 10560 32 10560 32 VLiabilities 2 Death claims adjusted not yet due 4 58 75 due 125 373 02 6 Total death claims 58 75834 ComptbolleeGeneeals Eepoet 13 Sick and accident claims adjusted not yet due 125 373 02 17 Aid age and other benefits due and unpaid 373 02 18 Total unpaid claims 431 77 21 Xaxes due or accrued 62 75 23 Advance premiums or assessments include all payments made by applicants rejected or not yet accepted as members 32 45 24 All other liabilities viz Accrued interest on 230000 mortgage 2349 reserve as per act of August 16 1909 370405 surplus 630581 total 10033 35 30 Total liabilities 10560 32 VIIExhibit of Policies or Certificates 1 Policies or certificates in force December 31 1911 as per last statement 4597 2 Policies or certificates written during the year 23348 4 Totals 27945 5 Deduct terminated or decreased during the year 17431 6 Total benefit certificates in force December 31 1912 10511 7 Policies or certificates terminated by death dur ing the year 139 8 Policies or certificates trminated by lapse during the year 17292 VIIIExhibit of Death Claims Claims paid during the year 139 3293 15 XExhibit of Sick and Accident Claims Claims unpaid December 31 1911 as per last statement 10 30 50 Claims paid during the year 6027 19251 83 Claims unpaid December 31 1912 125 373 02ComptrollerGeneral s Report 835 amebican life annuity company of georgia atlanta ga J Pope Brown President N G Parker Secretary Home Office 300 Forsyth Bldg Atlanta Ga Wm A Wright Atlanta Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 97187 75 4 Extended at 97187 75 IIIncome 7 Total first years premiums on original policies 56340 85 12 Total new premiums 56340 85 18 Total renewal premiums 7339 70 19 Total premium income 63680 55 20 Consideration for supplementary contracts not involv ing life contingencies 3000 00 23 Gross interest on mortgage loans less 2378 accrued interest on mortgages acquired during 1912 2 32 25 Gross interest on bonds and dividends on stocks 2022 32 26 Gross interest on premium notes policy loans or liens 13 69 33 Total gross interest and rents 2038 33 34 From other sources viz Suspense 18000 certificate account 30982500 borrowed money 5370465 total 363709 65 40 From agents balances previously charged off profit and loss 1892 66 43 Total income 434321 19 IIIDisbursements 3 Net amount paid for losses and matured endowments 5500 00 9 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 951 54836 CompteollehGenekals Repokt 16 Paid for claims on supplementary contracts not involv ing life contingencies 2 00 18 Paid for interest or dividends 340o6 19 Commissions to agents less commission on reinsurance First years premiums 4886661 renewal premiums 802898 total 56895 9 22 Agency supervision and traveling expenses of supervisors except for home office supervision 27C51 59 1 833 96 23 General expense 24 Medical examiners fees 346025 inspection of risks 31800 total 3778 2o 25 Salaries and all other compensation of officers directors trustees and home office employees 16529 94 25y2 Traveling expenses 3430 82 26 Rent received under sublease aboU x i 833 66 26 Aetunal fees 27 Advertising 374312 printing and stationery 2 74920 postage telegraph telephone and express 1 52451 exchange 185293 total 9 869 76 28 Legal expense not included in item 15 181 0 29 Furniture fixtures and safes 58 568 40 32 State taxes on premiums 33 Insurance department licenses and fees 34 All other licenses fees and taxes Municipal 30 90 00 37 Managers of agents 38 Other disbursements Com on Certificates 102009 53 10976 56 45 Agents balances charged off profit and loss 3878 39 48 Total disbursements 810 IVLedger Assets 2 Mortgage loans on real estate 41020 00 5 Premium notes on policies in force of which 5926 is for first years premiums 1763 23 6 Book value of bonds 119414 77 7 Cash in companys office 1947 8 Deposits in trust companies and banks not on interest 16 24 9 Deposits in trust companies and banks on interest 11025 00 10 Bills receivable 5185431 agents balances debit 1417446 credit 434638 net 982808 61682 39 11 Personal bals dr 459080 cr 132297 3267 83 12 Total ledger assets 240136 96ComptrollerGenerals Report NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 1162 18 2758 70 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force December 31 1912 less reinsurance premiums 2991 91 28 Deduct loading 448 79 29 Net amount of uncollected and deferred premiums 35 Gross assets Deduct Assets Not Admitted 38 Agents debit balances gross 14174 46 40 Loans on personal security endorsed or not 459080 bills receivable 51 85431 total 56445 11 45 Total 46 Admitted assets 837 3920 88 2543 12 246600 96 70619 57 175981 39 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1912 as computed on the following tables of mortality and rates of interest viz American Experience table at 3 per cent 14329 00 8 Net reserve 9 Present value of amount not yet due on supplementary contracts not involving life contingencies 12 Claims for death losses in process of ad justment or adjusted and not due 2000 00 17 Total policy claims 25 Office expenses bills and accounts due or accrued 29 Borrowed money and interest thereon 30 Unpaidinterest accrued on certificates 14329 00 8300 00 2000 00 2524 00 55910 25 13487 87838 ComptrollerGenerals Eeport 37 Suspense item paid for agent on premium already set tled agents address unknown 180 00 39 All other liabilities Current bills see 25 43 Total 96731 12 45 Unassigned funds surplus 79250 27 46 Total 175981 39 Business in The State of Georgia During The Year No Amount 17 Policies on the lives of citizens of said state in force December 31 of previous year 139 441500 00 18 Policies on the lives of citizens of said state issued during the year 39 1543500 00 19 Total 530 1985000 00 20 Deduct ceased to be in force during the year 54 179500 00 21 Policies in force December 31 476 1805500 00 23 Losses and claims incurred during year 3 7500 00 25 Losses and claims settled during the year 2 5500 00 26 Losses and claims unpaid December 31 1 2000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 636 55 ATLANTA MUTUAL INSURANCE ASSOCIATION OF ATLANTA GA A F Herndon President T K Gibson Secretary Home Office 202 Auburn Ave Atlanta Ga Hon W A Wright Attorney for Service in Georgia IBalance From Previous Year 4 Assets 11451 73 5 Errors 3440 50 7 Total 14892 23 ITIncome 1 Membership fees actually received 4562 77 3 Subsequent years assessments or premiums lsi7H 24 9 Total received from applicants and mem bers 188312 dlComptrollerGenerals Eeport 839 10 Deduct payments returned to applicants and members 346 09 11 Xet amount received from applicants and members 13 Gross interest on bonds and dividends on stocks 19 From other sources 20 Advances by officers 21 Agents cash bonds deposits 22 Income certificates 23 Miscellaneous income 187965 92 650 00 701 24 848 52 3000 00 3149 11 29 Total income 19631482 00 IHDisbursements 1 Death claims 2 Permanent disability claims 12310 95 69508 85 10 Total payments to members 12 Commissions and fees paid to agents on account of sub sequent years fees due assessments or premiums 13 Salaries of manager or agent not paid by commissions 14 Salaries of officers and trustees 17 Salaries of officers employees 21 Traveling and other expesses of managers and agents 23 Insurance department fees and licenses 24 Other licenses and fees 27 Taxes on assessments or premiums 28 Other taxes 31 Rent 32 Advertising printing and stationery 33 Postage express telegraph and telephone 35 Other legal expenses 37 Furniture and fixtures 38 Interest on income certificates 39 All other disbursements 40 Purchase of bonds 41 Advance to agents 42 Alabama reorganization 43 Miscellaneous exp 14 ash bonds returned 47 Total disbursements 81819 80 66977 71 12877 47 6785 00 4260 10 3623 77 62 75 1682 94 439 86 21 00 2863 76 2500 36 1254 14 451 61 102 00 320 00 3101 24 194 76 4283 77 4878 06 360 53 198811 23 IVLedger Assets 4 Book value of bonds 13939 6012395 82 840 CompteollerGeneeals Eeport 10 Net bank overdraft 23 42 11 Agents cash deposits 1520 36 12 Total i543 78 13 Total ledger assets NonLedger Assets 15 Interest on bonds 208 75 25 Premiums due and unpaid 492665 less estimated ceat collection 133020 3596 45 29 Total 3865 20 30 Gross assets 16261 02 Deduct Assets Not Admitted 34 Book value of bonds and stocks over market value 939 60 40 Total admitted assets VLiabilities 2 Death claims adjusted not yet due No 10 23750 6 Total death claims 13 Sick and accident claims adjusted not yet due No 645 1280 75 16 Total sick and accident claims 18 Total unpaid claims 19 Salaries rents expenses bills and accounts due or accrued 21 Taxes due or accrued 22 Interest due or accrued on income certificate 25 Unpaid bills 31 29 26 Agents credit balances 1013 56 27 Notes payable Alamaba Reorganization 247 31 28 Advances by officers 1551 24 29 Reserve required at 150 7788 79 Total 10632 19 30 Total liabilities 14208 79 Surplus above all legal requirements 1112 63 Grand total liabilities 15321 42 11321 42 237 50 12S0 75 1518 25 875 00 683 35 500 00ComptrollerGenerals Eeport VIIExhibit of Policies or Certificates No 1 Policies or certificates in force Dec 31 1911 as per last statement 24333 2 Policies or certificates written during the year 12442 4 Totals 36775 5 Deduct terminated or decreased during the year 4966 6 Total benefit certificates in force Dec 31 1912 31809 VIIIExhibit of Death Claims Xo 3 Tdtals 1011 4 Claims paid during the year 1001 o Balance adjusted but not due 10 XExhibit of Sick and Accident Claims No 2 Claims incurred during the year23599 4 Claims paid during the year 23136 5 Claims rejected during the year 60 6 Claims unpaid December 31 1912 adjusted but not due 463 841 Amount 389327 50 226750 00 616077 50 96825 00 519252 50 Amount 12548 45 12310 95 237 50 Amount 70989 60 69508 85 200 00 1280 75 BANKERS HEALTH AND LDE INSURANCE COMPANY OF MACON GEORGIA P L Hay President P C Carnes Secretary Home Office No 607611 Grand Bldg Maebn Georgia Bobt L Berner Attorney for Service in Georgia IBalance From Previous Year 7 Total 14295 67 IIIncome 1 Membership fees actually received 4977 45 2 First years assessments or premiums weekly dues 169537 25 9 Total received from applicants and members 174514 70842 ComptrollerGenerals Eeport 10 Deduct payments returned to applicants and members 325 75 11 Net amount received from applicants and members 13 Gross interest on bonds and dividends on stocks 15 Gross interest on deposits in trust companies and banks 20 Sale of income certificates 26 From agents balances previously charged off 29 Total income 31 Gross amount of membership fees required or represent ed by adoption IIIDisbursements 1 Death claims 3 Sick and accident claims 10 12 13 14 17 21 23 24 27 28 31 32 31 35 37 38 39 40 41 42 43 44 Totl payments to members Commissions and fees paid to agents on account of sub sequent years fees dues assessments or premiums Salaries of managers or agents not paid by commissions Salaries of officers and trustees No 5 Salaries of office employees Traveling and other expenses of managers and agents Insurance department fees and licenses Other licenses and fees Taxes on assessments or premiums Other taxes Rent Advertising printing and stationery Legal expense in litigating claims Other legal expenses Furniture and fixtures Borrowed money All other disbursements Interest on income certificates acct 1911 Interest on income certificates acct 1912 Medical fees Miscellaneous includes item No 33 Agents balances charged off 17 Total disbursements 48 Balance before transfers deduct item 47 from amount brought forward 174188 95 400 00 20 00 1500 00 251 96 176360 91 4977 45 14325 20 55120 20 69445 40 62569 27 8338 49 19849 55 3616 05 1509 47 289 00 657 30 160 27 349 46 2110 75 1401 58 214 00 50 00 337 60 3 00 216 00 1248 00 21 50 1904 06 40 20 174330 95 16325 63 2 Balance 1635 63ComptrollerGenerals Keport 843 IVLedger Assets 4 Book value of bonds 10000 00 5 Deposited in trust companies and banks on interest 1000 00 6 Deposited in trust companies and banks not on interest 1808 93 7 Cash in associations office 487 70 8 Agents balances debit 17125 credit 20700 total 3575 9 Bills receivable 64 75 12 Furniture and fixtures 3 000 00 13 Total ledger assets ig 325 63 NonLedger Assets 17 Interest due on other assets 20 00 19 Total interest and rents due and accrued 20 00 22 Premiums or assessments actually collected by agencies not yet turned over to the association 36 40 25 Gross premiums due and unpaid 576230 less 25 per cent collection charges 144057 total 4 321 73 30 Gross assets j Deduct Assets Not Admitted 31 Agents debit balances 171 25 32 Bills receivable 64 75 37 Furniture and fixtures 3000 00 39 Total 3236 00 40 Total admitted assets 4 VLiabilities 14 Sick and accident claims resisted No 1 12 00 15 Sick and accident claims reported but not yet adjusted No 313 926 50 16 Total sick and accident claims 938 50 19 Salaries rents expenses bills and accounts due or accrued 972 10 21 Taxes due or accrued 146 46 20703 76 17467 76844 ComptrollerGenerals Eeport 23 Advance premiums or assessments include all payments made by applicants rejected or not yet accepted as members 11U 70 26 Reserve required under act of August 16 1909 14108 16 VIIExhibit of Policies or Certificates No Amount 1 Policies or certificates in force December 31 1911 as per last statement 32680 778880 00 2 Policies or certificates written during the year 33913 813912 00 4 Totals66593 1592792 00 5 Deduct terminated or decreased during the year 30967 7S7768 00 6 Total benefit certificates in force Dec 31 1912 35626 855024 00 7 Policies or certificates terminated by death dur ing the year 558 14325 20 8 Policies or certificates terminated by lapse during the year 30409 723442 80 10 Policies or certificates decreased during year 30967 737768 00 XExhibit of Sick and Accident Claims 2 Claims incurred during the year 20240 560S 10 4 Claims paid during the year 19926 55120 20 6 Claims unpaid December 31 1912 314 938 50 CONTINENTAL AID ASSOCIATION OF ATLANTA GEORGIA B M Cross President LeEoy Smith Secretary B M Cross Attorney for Service in Georgia IBalance Sheet 1 Balance from previous year c2 13 IIIncome 1 Membership fees actually received 3556 60 2 First years assessments or premiums 103396 30 9 Total received from applicants and members 106952 90 10 Deduct payments returned to applicants and members 211 08ComptrolleeGeneeals Report 845 11 Net amount received from applicants and members 13 Gross interest on bonds and dividends on stocks 19 Prom all other sources 20 Guaranty fund certificates 21 Agents bond premiums 22 Accounts payable 29 Total income 30 Amounts carried forward 31 Gross amount of membership fees required or represented by applications 106741 82 200 00 2800 00 31 50 73 95 109847 27 116074 40 3556 60 IIIDisbursements 1 Death claims 3 Sick and accident claims 8161 49 41969 86 10 Total payments to members 50131 35 13 Salaries of managers or agents not paid by commissions 46728 95 14 Salaries of officers and trustees 5835 00 23 Insurance department fees and licenses 142 00 24 Other licenses and fees viz Municipal license 441 20 27 Taxes on assessments or premiums 102 71 28 Other taxes viz State and county 17 72 31 Rent 1386 00 32 Advertising printing and stationery 850 82 34 Legal expense in litigating claims 65 00 39 All other disbursements viz Interest guaranty fund certificates 2384 00 41 Miscellaneous expense 1539 90 44 Agents balances charged off 52 80 47 Total disbursements 109677 45 IVLedger Assets 4 Book value of bonds 7 Cash in associations office 10 Other ledger assets viz Cash in hands of agents 11 Furniture and fixtures 13 Total ledger assets NonLedger Assets 24 All other assets viz Assessments due and unpaid 166930 less cost of collection 20 per cent 33386 total 30 Gross assets 5100 00 358 81 31 00 907 14 6396 95 1335 44 7732 39846 CompteolleeGenebals Kepoet VLiabilities 19 Salaries rents expenses bills and accounts due or ac crued 21 Taxes due or accrued 24 All other liabilities viz Agents bond premiums 30 Total liabilities 73 95 70 46 31 50 175 91 GEORGIA MUTUAL INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY OF GEORGIA G N Stoney President A M Sherrill Secretary Home Office 1015 9th Street Augusta Ga Wm A Wright Atlanta Attorney for Service in Georgia IBalance Sheet Balance from previous year U Income 1 Membership fees actually received 3597 37 3 Subsequent years assessments or pre mium 103295 10 5 Other payments by applicants and mem bers viz Loss and gain 77177 renewals 82341 reserve 74636 total 2141 54 9 Total received from applicants and mem bers 109234 0 1 Death claims 3 Sick and accident claims 5500 85 35809 50 1148 11 11 Net amount received from applicants and members 109234 01 13 Gross interest on bonds and dividends on stocks less 30000 accrued interest on bonds acquired during year of report 300 00 29 Total income 109534 01 IIIDisbursements 10 Total payments to members 41310 35ComptrollerGenerals Report 847 12 Commissions and fees paid to agents on account of sub sequent years fees dues assessments or premiums 14 Salaries of officers and trustees 17 Salaries of office employees 20 Traveling and other expenses of officers trustees and committees special salaries and general expenses 28 Other taxes viz 31 Rent including 144700 for associations oecupancy of its own buildings 32 Advertising printing and stationery 33 Postage express telegraph and telephone 37 Furniture and fixtures 39 All other disbursements viz Miscellaneous 42161 fuel and light 23193 agents balances 74374 certificates redeemed 425000 interest on certifi cates 59999 total 47 Total disbursements IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds 5 Deposited in trust companies and banks on interest 7 Cash in associations office 8 Agents balances debit 10 Other ledger assets viz Furniture safe and general equipment less 20 per cent decrease 13 Total ledger assets NonLedger Assets 15 Interest on bonds 41 66 24 All other assets viz Annual payments on premiums due and unpaid 320730 annual premiums in process of collec tion not yet due 16677960 total amount due from members 16998690 estimated cost of collection 4249672 total 127490 18 30 Gross assets 40 Total admitted assets 21731 57 2555 00 4430 40 29620 32 1056 98 1447 00 429 28 877 58 1049 29 617 27 110761 04 525 00 5250 00 699 24 275 00 819 69 2164 72 77129 73 14461 91 144609 91848 CompteolleeGeneeals Beport VLiabilities 24 All other liabilities viz Reserve bond account de posited by agents and superintendents 198838 net premium reserve 488707 total 6875 45 30 Total liabilities 6875 45 VIIExhibit of Policies or Certificates No Amount 1 Policies or certificates in force December 31 1911 as per last statement 20751 429160 00 2 Policies or certificates written during the year 27514 835200 00 4 Totals 48265 1264360 00 5 Deduct terminated or decreased during the year 26340 580730 00 6 Total benefit certificates in force December 31 1912 21925 683630 00 7 Policies or certificates terminated by death dur ing the year 288 5500 85 8 Policies or certificates terminated by lapse dur ing the year 26052 575229 15 GUARANTY MUTUAL LIFE HEALTH INSURANCE COMPANY OF SAVANNAH GEORGIA L E Williams President Walter S Scott Secretary Principal Office 468 West Broad St Savannah Ga Sol O Johnson Attorney for Service in Georgia IBalance Sheet Balance from previous year 6801 32 IIIncome 1 Membership fees actually received 2225 95 2 First years assessments or premiums 55570 55 9 Total received from applicants and members 57796 50 10 Deduct payments returned to applicants and members 37 70 11 Net amount received from applicants and members 57758 80 13 Gross interest on bonds and dividends on stocks 225 00ComptrollerGenerals Report 849 15 Gross interest on deposit in trust companies and banks 19 From all other sources viz Sale of iron safe 29 Total income 30 Amounts carried forward sum of balance from previous year and item 29 31 Gross amount of membership fees required or represented by applications 47 05 10 00 58040 85 64842 17 2225 95 IIIDisbursements 1 Death claims 3 Sick and accident claims 2756 91 24125 25 47 Total disbursements 48 Balance before transfers 2225 95 13630 64 3849 76 5240 00 1831 25 67 50 682 63 79 06 10 Total payments to members 26882 16 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 12 Commissions and fees paid to agents on account of subse quent years fees dues assessment or premiums 13 Salaries of managers or agents not paid by commissions 14 Salaries of officers and trustees 17 Salaries of office employees 19 Salaries and fees paid to medical examiners 21 Traveling and other expenses of managers and agents 23 Insurance department fees and licenses 24 Other licenses and fees viz Various city and county licenses 33850 State Treasurer 200 Secretary of State 150 Secretary of State charter lamendment 2500 total 367 00 27 Taxes on assessments or premiums 23 31 Rent 509 68 32 Advertising printing and stationery 575 06 33 Postage express telegraph and telephone 282 71 34 Legal expense in litigating claims 9 15 35 Other legal expenses charter amendment 100 00 Guaranty fund certificates 272 00 39 All other disbursements viz Office expense and inci dentals 379 67 56984 45 7857 72 IVLedger Assets 4 Book value of bonds 5225 00 5 Deposited in trust companies and banks on interest 1276 28 6 Deposited in trust companies and banks not on interest 625 01 7 Cash in associations office 4 67850 ComptrollerGenerals Report 8 Agents balances 10 Other ledger assets viz Furniture and fixtures 13 Total ledger assets NonLedger Assets 24 All other assets viz Balance due on sale of iron safe 5000 annual pay ments due and unpaid on membership in force 230925 less estimated cost of collection 57731 net due from members 173194 total 1781 94 Total 30 Gross assets Deduct Assets Not Admitted 40 Total admitted assets VLiabilities 3 Total death claims 6 33 6 Total death claims 13 Sick and accident claims adjusted not yet due 37 14 Sick and accident claims resisted 2 16 Total sick and accident claims 30 Total liabilities 18 26 708 50 7857 72 1781 94 9639 66 9639 66 li 33 L25 71 8 00 L33 7 18 Total unpaid claims 140 08 23 Advance premiums or assessments 60 40 24 All other liabilities viz Reserve as per act August 1909 3207 55 27 Surplus 6231 63 9639 66 HOME FRIENDLY SOCIETY OF BALTIMORE MARYLAND Geo A Chase President B L Talley Secretary Principal Office 1026 Linden Ave Baltimore Md Geo L De Gant Atlanta Attorney for Service in Georgia IBalance Sheet Balance from previous year 129592 91ComptrollerGenerals Report 851 IIIncome 1 Membership fees actually received 3 Subsequent years assessments or premiums 5 Other payments by applicants and members viz tionery 12159 duplicates 1860 total Sta 9 Total received from applicants and members 13 Gross intexest on bonds and dividends on stocks 17 Gross rents from associations property including 60000 for associations occupancy of its own build ings 19 From all other sources viz Agents balances 26 From agents balances previously charged off 29 Total income 30 Amounts carried forward 1165 25 494911 27 283 52 496360 04 3434 50 612 00 80 00 152 30 500638 84 630231 75 IIIDisbursements 1 Death claims 91071 89 3 Sick and accident claims 166590 20 4 Old age benefits endowment claims 947 80 5 Other payments to members viz Re turned to members 77032 dividends paid 161225 total 2182 57 10 11 12 13 14 15 17 19 24 31 32 33 34 36 37 Total payments to members Commissions and fees paid to agents on account of first years fees dues assessments or premiums Commissions and fees paid to agents on account of sub sequent years fees dues assessments or premiums Salaries of managers or agents not paid by commissions Salaries of officers and trustees 4 Other compensation of officers and trustees Salaries of office employees 6 Salaries and fees paid to medical examiners Other licenses and fees viz Collection of fees dues assessments premiums insurance department fees and licenses Rent including 60000 for associations occupancy of its own buildings Advertising printing and stationery Postage Legal expense in litigating claims and other legal ex penses Repairs and expenses on real estate other than taxes Furniture and fixtures 260992 46 13107 45 24979 94 112975 12 20800 00 13781 50 6907 50 5051 95 4290 99 2398 80 6833 54 967 66 900 00 318 67 423 00 852 ComptrollerGenerals Eeport 39 All other disbursements viz Expense account express telegraph and telephone 792827 agents bonds paid 15000 advanced to agents 87365 interest paid 2881 total 47 Total disbursements 48 Balance before transfers IVLedger Assets 1 Book value of real estate 4 Book value of bonds 5 Deposited in trust companies and banks on interest 6 Deposited in trust companies and banks not on interest 7 Cash in associations office and at branch agencies 8 Agents balances debit 9 Bills receivable NonLedger Assets 15 Interest accrued on bonds 1370 99 19 Total interest and rents due and accrued 20 Market value of real estate over book value 23 Mortuary assessments due and unpaid on last call made within sixty days on insurance in force and for which notices have been issued 8980 73 483709 31 146522 44 7129 81 72047 73 4789 90 34879 69 12495 04 6413 34 8766 93 13 Total ledger assets 146522 44 1370 99 2870 19 12482 15 30 Gross assets 163245 77 Deduct Assets Not Admitted 31 Agents debit balances 32 Bills receivable 34 Book value of bonds and stocks over market value 36 Other items viz Cost of collecting No 23 40 Total admitted assets VLiabilities 1 Death claims due and unpaid 1 2 Death claims adjusted not yet due 1 24 All other liabilities viz Agents cash bonds 6413 34 8766 93 4575 23 1872 32 141617 95 1000 00 1000 00 1100 00 30 Total liabilities 3100 00ComptrollerGenerals Report 853 industrial life and health insurance co of atlanta ga J N McEachern President I M Sheffield Secretary Home Office 500 to 511 Austell Bldg Atlanta Ga Walter McElreath Attorney for Service in Georgia IBalance Sheet Balance from previous year 66957 57 IIIncome 1 Membership fees actually received 2 First years assessments or premiums 19153 30 605268 70 9 Total received from applicants and members 624422 00 10 Deduct payments returned to applicants and members 1902 45 11 Net amount received from applicants and members 622519 55 12 Gross interest on mortgage loans 895 00 13 Gross interest on bonds and dividends on stocks 1845 00 15 Gross interest on deposits in trust companies and banks 28 14 29 Total income 025287 69 30 Amounts carried forward 692245 26 31 Gross amount of membership fees required or represented by applications 19153 30 IIIDisbursements 1 Death claims 3 Sick and accident claims 43088 30 217926 45 10 Total payments to members 261014 75 13 Salaries of managers or agents not paid by commissions 246977 41 14 Salaries of officers and trustees 4 56293 79 17 Salaries of office employees 7 f 11828 00 19 Salaries and fees paid to medical examiners 397 50 21 Traveling and other expenses of managers and agents 6583 20 23 Insurance department fees and licenses 595 00 28 Other taxes viz State and county 390 50 30 City tax 2669 33 31 Bent 7322 01 32 Advertising printing and stationery 4994 99 33 Postage express telegraph and telephone 2804 93 35 Other legal expenses 2192 75 37 Furniture and fixtures 906 25854 ComptrollerGenerals Report 39 All other disbursements viz Income certificates re tired 700000 interest on income certificates 2 87190 exchange 12328 total 43 All others 47 Total disbursements 48 Balance before transfers 9995 18 2954 74 620330 72 71914 54 IVLedger Assets 2 Mortgage loans on real estate first liens 17550 00 4 Book value of bonds 34500 00 5 Deposited in trust companies and banks on interest 721 50 6 Deposited in trust companies and banks not on interest 19137 58 8 Agents balances debit 5 46 13 Total ledger assets 71914 54 NonLedger Assets 14 Interest on mortgages 15 Interest on bonds 72 49 34 16 19 Total interest and rents due and accrued 106 65 24 All other assets viz Due from members 728515 estimated cost of collection 182129 total 5463 86 28 Furniture and fixtures 750000 books and printing 500000 total 8000 00 30 Gross assets 85485 05 Deduct Assets Not Admitted 31 36 40 4 i Agents debit balances 5 S000 46 Other items viz Furniture and fixtures 750000 books and printing 50000 total 00 Total Total admitted assets VLiabilities Death claims reported but not vet adjusted 19 455 00 0 8005 46 71379 59 455 00ComptrollerGenerals Report 855 15 Sick and accident claims reported but not yet adjusted 1162 4261 35 16 Total sick and accident claims 4261 35 18 Total unpaid claims 4716 35 19 Salaries rents expenses bills and accounts due or ac crued 12 45 21 Taxes due or accrued 3020 37 50 Total liabilities 7749 17 MERCHANTS LIFE ASSOCIATION OF BURLINGTON IOWA Jno J Seerley President F J Kuhleneier Secretary Principal Office Corner Main and Jefferson Sts Burlington Iowa M M Meeks Atlanta Attorney for Service in Georgia IBalance Sheet Balance from previous year 757980 82 IIIncome 1 Membership fees actually received 108343 00 Reserve fund 218345 41 2 First years assessments or premiums 36069 48 3 Subsequent years assessments or premiums 395771 20 6 Change beneficiary 190 00 7 Reinstatement fee 549 50 9 Total received from applicants and members 759268 65 10 Deduct payments returned to applicants and members 806 73 11 Net amount received from applicants and members 758461 92 12 Gross interest on mortgage loans less 26991 accrued interest on mortgages acquired during year of report 22887 41 13 Gross interest on bonds and dividends on stocks 760 00 15 Gross interest on deposits in trust companies and banks 2544 43 16 Gross interest from all other sources 4906 63 19 From all other sources viz Future call fund 919 72 29 Total income 32018 19 30 Amounts carried forward 1548 460 93 31 Gross amount of membership fees required or represented by applications 108343 00856 ComptrollerGenebals Eepokt IIIDisbursements 1 Death claims 5 Other payments to members viz Guar antee fund returned to beneficiaries 262350 00 3S 50 10 Total payments to members 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums Paid banks for recommendations 12 Commissions and fees paid to agents on account of sub sequent years fees dues assessments or premiums reinsurance commission 13 Salaries of managers or agents not paid by commissions 14 Salaries of officers and trustees 7 17 Salaries of office employees 17 19 Salaries and fees paid to medical examiners 21 Traveling and other expenses of managers and agents 22 Collection and remittance of fees dues assessments and premiums 23 Insurance department fees and licenses 24 Other licenses and fees viz Calls paid out of future call fund 27 Taxes on assessments or premiums 28 Other taxes viz Municipal tax 30 Purchase of printing press and type 31 Rent 32 Advertising 220004 printing 569049 stationery 133274 total 33 Postage 1255932 express 76421 telegraph and tele phone 62190 total 35 Other legal expenses Lapsed reserve notes i 37 Furniture and fixtures 39 All other disbursements viz Miscellaneous 41 Medical examinations 42 Interest paid on advances 43 Inspection of risks 44 Agents balances charged off 262388 50 108371 10 8792 85 15082 85 1665 50 12450 00 9286 29 1650 00 5792 53 4492 12 2676 52 749 4S 6582 46 276 25 432 22 1204 50 9223 27 13945 43 529 18 73798 51 1918 82 2126 67 14902 80 560 00 1109 87 402 86 47 Total disbursements 560410 58 IVLedger Assets 2 Mortgage loans on real estate first liens 605281 32 4 Book value of bonds 19000 00 5 Deposited in trust companies and banks on interest 122912 49 6 Deposited in trust companies and banks not on interest 265 51CompteolleeGenebals Eepoet 857 8 Agents balances debit 414832 credit 9856 net 4049 76 10 Other ledger assets viz Eeserve fund notes of mem bers in good standing 236541 27 13 Total ledger assets 988050 35 NonLedger Assets 14 Interest due 245000 and accrued 21 13675 on mortgages 23586 75 15 Interest accrued on bonds 140 00 17 Interest accrued on other assets 467 46 19 Total interest and rents due and accrued 24194 21 24 All other assets viz Mortuary calls to become due on benefit certificate but only to the extent necessary to meet outstanding claims call issued Decem ber 31 1912 26000 00 28 Approximate mortuary income 7165700 died on operating table before certifi cate was issued brought suit 2000 00 Total 52194 21 30 Gross assets 1040244 56 Deduct Assets Not Admitted 31 Agents debit balances 4148 32 34 Book value of bonds and stocks over market value 930 00 36 Other items Eeserve fund notes 236541 27 37 Deposit Missouri Dept 1000 00 39 Total 242619 59 40 Total admitted assets 797624 97 VLiabilities 3 Death claims resisted No 2 4000 00 4 Death claims reported but not yet adjusted No 12 24000 00 6 Total death claims 28000 00 19 Salaries Tents expenses bills and accounts due or accrued 20983 89858 ComptrollerGexerals Eepoet 21 Taxes due or accrued 600000 estimated 6000 00 22 Advanced by directors 700000 accrued interest 28000 7280 0O 24 Value of outstanding benefit cert or policies as provid ed by 32 G A hap 83 Iowa 325812 00 25 Future call fund 546 49 Total 360622 38 30 Total liabilities 388622 3S MUTUAL BENEFIT INDUSTRIAL LIFE INSURANCE ASSOCIATION OF GEORGIA SAVANNAH GEORGIA Aaron Eauzin President J M Wood Secretary Aaron Eauzin Attorney for Service in Georgia IBalance Sheet 1 Balance from previous year deficit IIIncome 1 Membership fees actually received 2 First years assessments or premiums eS4t in 111804 45 9 Total received from applicants and membersj 10 Deduct payments returned to applicants and members 136S3 81 118650 85 1106 03 11 Net amount received from applicants and members 117544 S2 13 Gross interest on bonds and dividends on stocks 225 00 20 Guarantee fund certificates 33000 00 21 Surety sources 55 95 29 Total income 150825 77 IIIDisbursements 1 Death claims 3 Sick and accident claims 5862 50 11992 00 10 Total payments to members 47S54 50 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 51994 95 13 Salaries of managers or agents not paid by commissions 7871 00 14 Salaries of officers and trustees No 3 3250 00 17 Salaries of office employees No 12 3466 15 18 Other compensation of office employees 1411 06ComptrollerGenerals Report 859 19 Salaries and fees paid to medical examiners 86 00 20 Traveling and other expenses of officers trustees and committees 508 34 21 Traveling and other expenses of managers and agents 134 25 27 Taxes on assessments or premiums 95 82 28 Other taxes 875 48 31 Rent 1119 52 32 Advertising printing and stationery 930 79 33 Postage express telegraph and telephone 324 87 34 Legal expense in litigating claims 38 35 35 Other legal expenses 480 75 37 Furniture and fixtures 420 16 40 Auditing 490 0 41 Interest 25 42 Miscellaneous office expense 493 99 47 Total disbursements 48 Balance before transfers deduct item 47 from amount brought forward IVLedger Assets 4 Book value of bonds 6 Deposited in trust companies and banks not on interest 7 Cash in associations office 8 Agents balances 9 Bills receivable 12 ash advanced S P Moas 13 Total ledger assets 12295 73 NonLedger Assets 25 Furniture and fixtures 1284 26 26 Weekly dues due unpaid 167500 less estimated cost of collection 33500 total 2624 26 Deduct Assets Not Admitted 40 Total admitted assets 14919 99 VLiabilities 1 Death claims due and unpaid 10 00 6 Death claims 10 00 12 Sick and accident claims due and unpaid 791 00 10 Total sick and accident claims 791 00 IS Total unpaid claims 801 00 124846 23 12291 73 5000 00 1397 57 326 92 719 19 4828 05 24 00 860 CompteollerGenekals Eepobt 23 Advance premiums or assessments include all payments made by applicants rejected or not yet accepted as members 25 Reserve as per act August 1909 568136 surplus 8 20078 total 30 Total liabilities 236 85 13882 14 14919 99 NATIONAL LIFE ASSOCIATION OF DES MOTNES IOWA Henry Pyle President Guy Barker Secretary IBalance Sheet 1 Balance from previous year Mortuary fund 1153896 reserve funds 57270742 expense funds 7668 total 584823 06 IIIncome 1 Membership fees actually received expense funls 143006 06 2 First years assessments or premiums mortuary fund 30 02878 reserve fund 1585870 expense fund 15 03110 total 60918 58 3 Subsequent years assessments or premiums mortuary fund 15709026 reserve fund 12638887 expense fund 7029431 total 353773 44 6 Charge of beneficiary expense fund 95 30 9 Total received from applicants and members items 1 to 8 Mortuary funds 18711904 reserve fund 142 24757 expense funds 22842726 total 557793 87 10 Deduct payments returned to applicants and members expense fund 10241 77 11 Net amount received from applicants and members mortuary fund 18711904 reserve fund 14224757 expense fund 21818549 total 547552 10 12 Gross interest on mortgage liens less 68355 accrued interest on mortgages acquired during year of report reserve fund 16819 43 14 Gross interest on reserve fund notes 7624 93 18 Borrowed money expense fund 18014 34 19 From all other sources expense fund 190 80 ComptrollerGeneral s Report 861 29 Total income items 11 to 28 mortuary fund 18711904 reserve fund 16669193 expense fund 23639063 total 590201 60 30 Amounts carried forward sum of balance from previous year and item 29 mortuary fund 19865800 reserve fund 73939935 expense fund 23646731 total 1174524 66 IIIDisbursements 1 Death claims mortuary fund 197900 00 11 Commissions and fees paid to agents on account of first years fees dues assets or premiums expense fund 134508 10 12 Commissions and fees paid to agents on account of sub sequent years fees dues assessments or premiums expense fund 12690 14 13 Salaries of managers or agents not paid by commissions expense fund 2250 00 14 Salaries of officers and trustees No 10 expense fund 22507 50 17 Salaries of office employees expense fund 12409 36 19 Salaries and fees paid to medical examiners 14518 42 20 Traveling and other expenses of officers trustees and committees 329 85 21 Traveling and other expenses of managers and agents expense fund 1078 45 22 Collection and remittance of fees dues assessments and premiums 2394 89 23 Insurance department fees and licenses expense fund 2831 74 27 Taxes on assessments or premiums 3628 72 31 Rents expense fund 1990 0C 32 Advertising and stationery expense fund 4659 44 33 Postage express telephone and telegraph expense fund 4859 50 34 Legal expense in litigating claims 1358 18 35 Other legal expenses 2083 56 37 Furniture and fixtures 473 15 38 Borrowed money 6985 90 40 Inspection of risks 3450 84 41 Sundries 737 34 47 Total disbursements items 1 to 46 mortuary fund 19790000 expense fund 23574508 total 433645 08 52 Balance mortuary 19790000 expense fund 72223 740879 58 IVLedger Assets 2 Mortgage loans on real estate 389965 00 6 Deposited in trust companies and banks not on interest 29819 92862 ComptrollerGenerals Report 7 Cash in associations office 305354 9 Bills receivable reserve fund notes 318636 84 10 Total 741475 30 11 Less advance payments trust fund 595 72 13 Total ledger asests 740 879 58 NonLedger Assets 14 Interest due 100650 and accrued 12 93965 on mortgages 13946 15 23 Mortuary assessments due and unpaid on last call made within sixty days on in surance in force and for which notices have been issued 26000 00 29 Total 3994ii 15 30 Gross assets 7S0825 73 Deduct Assets Not Admitted 32 Bills receivable 318636 84 40 Total admitted assets S 462188 S9 VLiabilities 4 Death claims reported but not yet adjusted 26000 00 19 Salaries rents expenses bills and accounts due or accrued 1758 28 21 Taxes due or accrued 3 500 00 22 Borrowed money 25744 0 25 Contingent liability ease in superior court 8693 00 30 Total liabilities 4 65696 1 i NORTH CAROLINA MUTUAL AND PROVIDENT ASSOCIATION OF DURHAM NORTH CAROLINA John Merrick President A M Moore Secretary Home Office 212 Parish St Durham North Carolina J L Wheeler Attorney for Service in Georgia IBalance Sheet 1 Balance from previous year 11387ComptrollerGenerals Eeport 863 IIIncome 1 Membership fees actually received 303225 75 11 Net amount received from applicants and members 12 Gross interest on mortgage loans 13 Gross interest on bonds and dividends on stocks 14 Gross interest on collateral loans 15 Gross interest on deposits in trust companies and banks 17 Gross rents from associations property including 55000 for associations occupancy of its own build ings 20 Sale of real estate 27 Gross profit on sale or maturity of ledger assets viz Real estate 28 Gross increase by adjustment in book value of ledger assets viz Real estate 29 Total income 303225 75 450 69 112 50 120 00 602 66 4284 85 2032 00 900 00 1788 50 313516 95 TJXDisbursements 1 Death claims 3 Sick and accident claims 5 Other payments to members Matured endowments 49893 65 86628 28 881 29 10 12 13 14 17 19 20 28 30 31 32 34 35 36 37 38 40 41 Total payments to members Commissions and fees paid to agents on account of sub sequent years fees dues assessments or premiums Salaries of managers or agents not paid by commissions Salaries of officers and trustees No 6 Salaries of office employees Salaries and fees paid to medical examiners Traveling and other expenses of officers trustees and committees Other taxes Office Supplies Interest on notes Rent including 55060 for associations occupancy of its own buildings Advertising printing and stationery Legal expenses in litigating claims Other legal expenses Repairs and expenses on real estate other than taxes Furniture and fixtures Borrowed money from N E paid heretofore carried as a liability Taxes on real estate Taxes on premiums 137403 22 80905 14 10611 99 12000 00 0916 64 3994 25 3902 68 428 36 216 35 2428 95 12947 71 50 00 255 44 3084 25 341 80 15000 00 1135 29 2822 51864 OompteollebGenebals Repobt 42 Agents license 439 00 43 Municipal licenses 1358 44 45 Gross loss on sale or maturity of ledger assets viz Real estate 600 00 46 Gross decrease by adjustment in book value of ledger assets viz Eeal estate 3150 00 47 Total disbursements 299992 02 IVLedger Assets 1 Book value of real estate 66856 50 2 Mortgage loans on real estate 10141 60 3 Loans secured by pledge of bonds stocks or other collateral 2159 44 4 Book value of bonds 2579575 stocks 2000 00 total 27795 75 5 Deposited in trust companies and banks on interest 15400 00 6 Deposited in trust companies and banks not on interest 3337 67 7 Cash in association s office 30 00 8 Agents balances 466 21 11 Loans to policyholders policy security 1213 03 13 Total ledger assets 127400 20 NonLedger Assets 14 Isterest accrued on mortgages 175 34 15 Interest accrued on bonds 112 50 17 Interest accrued on other assets 401 50 18 Rents due 215 00 19 Total interest and rents due and accrued 904 34 24 All other assets Printed matter 800 00 26 Furniture and fixtures 5500 00 27 Bills receivable 83 11 30 Gross assets 134687 65 Deduct Assets Not Admitted i 36 Other items viz Printed matter 800 00 38 Furniture and fixtures 5500 00 39 Bills receivable 83 11 40 Total Admitted assets 128304 54 HMMComptrollerGenerals Report 865 VLiabilities 2 Death claims adjusted not yet due 205 00 6 Total death claims 19 Salaries rents expenses bills and accounts due or accrued 20 Commissions toagents due or accrued not included in agents credit balances item 8 page 4 21 Taxes due or accrued 23 Advance premiums or assessments include all payments made by applicants rejected or not yet accepted as members 25 Legal reserve 30 Total liabilities 205 00 580 00 250 00 6000 00 4750 00 79132 60 90917 60 VIIExhibit of Policies or Certificates 1 Policies or certificates in force Dec 31 1911 as per last statement 59197 2 Policies or certificates written during the year 44675 2556200 00 2064410 00 4 Totals 103872 5 Deduct terminated or deceased during the vear 34091 4620610 00 1381366 00 6 Total benefit certificates in force Dec 31 1912 69781 3239244 00 PILGRIM HEALTH AND LIFE INSURANCE COMPANY OF AUGUSTA GEORGIA H O Young President T J Walker Secretary Wm A Wright Attorney for Service in Georgia IBalance Sheet 1 Balance from previous year 33108 39 IIIncome 1 Membership fees actually received 5593 53 2 First years assessments or premiums 207131 78 5 Other payments by applicants and members Revival 1296 10 9 Total received from applicants and members 214021 41 10 Deduct payments returned to applicants and members 130 05 11 Net amount received from applicants and members 213891 36866 CompteollebGeneeals Eepoet 12 Gross interest on mortgage loans less 27640 accrued interest on mortgages acquired during year of report 13 Gross interest on bonds and dividends on stocks less 10000 accrued interest on bonds acquired during year of report 15 Gross interest on deposits in trust companies and banks 17 Gross rents from associations property including 42000 for associations occupancy of its own buildings 19 From all other sources 20 Agents acct 21 Mortgages 22 Sundry 23 Agents Reserve 24 Refunded 25 Deficiency 29 Total income I 30 Amount carried forward sum of balance from previous year and item 29 IIIDisbursements 1 Death claims 15525 50 3 Sick and accident claims 79167 34 10 Total payments to members item 1 to 9 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 13 Salaries of managers or agents not paid by commissions 14 Salaries of officers and trustees No 3 17 Salaries of office employees No 23 21 Traveling and other expenses of managers and agents 23 Insurance department fees and licenses 25 Business and occupation licenses 27 Taxes on assessments or premiums 31 Rent including 42000 for associations occupancy of its own buildings 32 Advertising printing and stationery 33 Postage express telegraph and telephone 34 Legal expense in lighting claims 35 Other legal expenses 36 Repairs and expenses on real estate other than taxes 37 Furniture and fixtures 38 Borrowed money G F C 39 All other disbursements 40 G F O redeemed 30000 reserve paid agents 12034 41 Longage 79589 auditing acct 25206 insurance 2620 total 346 87 200 00 48 56 922 25 1659 56 2950 00 128 08 1082 65 445 92 1985 19 223660 44 256768 83 94692 84 59224 69 33699 22 2537 18 4048 48 1800 18 384 23 1677 00 510 34 1602 65 2638 02 1584 27 47 55 127 50 1477 14 1002 38 317 70 420 34 1074 15 224311 33 32457 50 ComptrollerGenerals Report 867 42 Light and fuel 26997 sundry 88983 1159 80 43 Investment 1190000 agents acct 224073 14140 73 44 Agents balances charged off 144 54 47 Total disbursements 48 Balances before transfers deduct item 47 from amount brought forward IVLedger Assets 1 Book value of real estate 9039 52 2 Mortgage loans on real estate first liens 8400 00 4 Book value of bonds 5200 00 5 Deposited in trust companies and banks on interest 750 50 6 Deposited in trust companies and banks not on interest 7443 59 7 Cash in associations office 40 20 8 Agents balances debit 250091 credit 126722 net 1233 69 10 Other ledger assets viz Emergency fund 350 00 13 Total ledger assets 32457 50 NonLedger Assets 14 Interest due 17449 and accrued 14055 on mortgages 315 04 15 Interest due on bonds 100 00 17 Interest accrued on other assets 15 00 18 Bents due 135 00 19 Total interest and rents due and accrued 565 04 25 Agents ledger balances 233 69 29 Total 1 233 69 30 Gross assets 34256 23 Deduct Assets Not Admitted 31 Agents debit balances 1233 69 Total admitted assets 33022 54868 CompteolleeGenebals Bepoet YLiabilities 1 Death claims due and unpaid No 14 290 00 6 Total death claims 12 Sick and accident claims due and unpaid No 416 1208 50 16 Total sick and accident claims 18 Total unpaid claims 430 19 Salaries rents expenses bills and accounts due or accrued 21 Taxes due or accrued 22 Borrowed money G F Cinterest due or accrued on same 23 Advance premiums or assessments include all payments made by applicants rejected or not yet accepted as members 24 All other liabilities Agents reserve 30 Total liabilities 290 00 120S 50 1498 50 817 67 78 20 295 OS 824 30 1488 18 5001 93 UNION MUTUAL ASSOCIATION OF ATLANTA GEORGIA T W Walker President Wm Driskell Secretary Home Office 200 Auburn ave OcJa Fellow Bids Atlanta Ga Hon W A Wright Attorney for Service in Georgia IBalance Sheet 1 Balance from previous year 21715 26 ITIncome 1 Membership fees actually received 3339 25 2 First years assessments or premiums 182543 5 Other payments by applicants and members Revivals 1H50 95 6 Full sick and accident endorsements 229 70 7 Deficiencies 1338 2 8 Cash ot her sources 89 18 9 Total received from applicants and members items 1 t0 S 189000 76 10 Deduct payments returned to applicants and members 165 40 11 Net amount received from applicants and members 188835 36CoMPTROLLEHGtENERALs BePORT 869 13 Gross interest on bonds and dividends on stocks 29 Total income items 11 to 28 200 00 189035 36 30 Amounts carried forward sum of balance from previous year and item 29 1 3 10 12 13 14 17 19 21 23 28 31 32 33 37 39 40 IIIDisbursements Death claims Sick and accident claims Total payments to members Commissions and fees paid to agents on account of sub sequent years fees dues assessments or premiums Salaries of managers or agents not paid by commissions Salaries of officers and trustees No 5 Salaries of office employees Xo 25 Salaries and fees paid to medical examiners Traveling and other expenses of managers and agents Insurance department fees and licenses Other taxes on Premium and license Rent Advertising printing and stationery Postage express telegraph and telephone Furniture and fixtures All other disbursements Fuel ice cost of court exchange etc 47 Total disbursements items 1 to 46 48 Balance before transfers deduct item 47 from amount brought forward 210750 62 12853 63 71879 75 8473338 39708 07 32213 93 8550 00 6390 05 261 00 3878 26 150 00 1728 M 2124 73 5238 20 1890 75 539 16 1898 93 189305 31 21445 31 IVLedger Assets 4 Book value of bonds 5 Deposited in trust companies and banks Third National 6 Deposited in trust companies and banks not on interest Atlanta National 5278 Atlanta State Savings 286224 7 Cash in associations office and in course of remitting 8 Agents balances debit 318790 9 Bills receivable 10 Other ledger assets viz in hands of Treasurer 11 Cash bonds in branch office 12 Furniture fixtures and printing 5100 00 620 91 2915 02 593 82 3187 90 1393 94 891 46 105 00 5500 00 13 Total ledger assets 20308 05870 ComptrollerGenerals Report VLiabilities 1 Death claims due and unpaid No 15 408 31 3 Death claims resisted No 2 4000 6 Total death claims 448 31 14 Sick and accident claims resisted No 1610 rejected for noncompliance with con tract 4840 00 15 Sick and accident claims reported but not yet adjusted No 366 1096 50 16 Total sick and accident claims 5936 50 24 All other liabilities 25 Fielder Allen Co 31 65 26 Union Publishing Co 283 50 27 American Art Work 11250 independent Pub Co 26800 total 380 50 28 Photograph mfg Co 450 00 29 Total M5 65 30 Total liabilities 7530 46 VIIExhibit of Policies or Certificates No Amount 1 Policies or certificates in force December 31 1911 as per last statement 40702 1073249 00 2 Policies or certificates written during the year 25809 525054 08 4 Totals 65754 1360588 08 5 Deduct terminated or decreased during the year 25809 525505 08 6 Total benefit certificates in force Dec 31 1912 39945 835534 00 7 Policies or certificates terminated by death during the year 566 12853 63 8 Policies or certificates terminated by lapse dur ing the year 25199 511100 45 9 Policies or certificates terminated 44 1100 00CompteolleeGeneeals Repoet VIIIExhibit of Death Claims No Claims unpaid December 31 1911 as per last statement 12 Claims face value incurred during the year 583 Totals 595 Claims paid during the year 578 Balance 17 Claims rejected during the year 2 Claims unpaid December 31 1912 17 XExhibit of sick and Accident Claims No Claims unpaid December 31 1911 as per last statement 107 Claims incurred during the year 25569 Totals 25676 Claims paid during the year 24066 Claims rejected during the year 1610 Claims unpaid Dec 31 1912 1976 871 Amount 209 98 14595 81 14805 79 13063 61 1742 18 40 00 448 31 Amount 337 00 76382 75 76719 75 71879 75 4840 00 5936 50 UNITED STATES HEALTH AND LIFE INSURANCE COMPANY OF ATLANTA GEORGIA A MeD Wilson President P W Stokes Secretary Home Office 415416 Rhodes Bldg Atlanta Georgia F W Stokes Attorney for Service in Georgia IIIncome 1 Membership fees actually received 3403 70 2 First years premiums 28001 00 9 Total received from applicants and mem bers items 1 to 8 31404 70 10 Deduct payments returned to applicants and members 55 40 11 Net amount received from applicants and members 31349 30872 ComptrollerGenerals Report 12 Gross interest on mortgage loans less 13780 accrued interest on mortgages acquired during year of report 84 30 13 Gross interest on bonds and dividends on stocks less 11250 accrued interest on bonds acquierd during year of report 287 50 29 Total income items 11 to 28 3172 10 30 Amounts carried forward sum of balance from previous year and item 29 Ml721 10 IIIDisbursements 1 Death claims 306 90 3 Sick and accident claims 11877 50 10 Total payments to members items 1 to 9 13 Salaries of managers or agents not paid by commissions 14 Salaries of officers and trustees No 1 17 Salaries of office employees No 3 19 Salaries and fees paid to medical examiners 20 Traveling and other expenses of officers trustees and committees 21 Traveling and other expenses of managers and agents 23 Insurance department fees and licenses 24 Other licenses and fees 27 Taxes on assessments or premiums 31 Eent 32 Advertising printing and stationery Postage express telegraph and telephone 34 Legal expenses in litigating claims 7 Furniture and fixtures 40 Exchange 47 Total disbursements items 1 to 46 4015 10 48 Balance before transfers deduct item 47 from amount brought forward 8434 00 IVLedger Assets 2 Mortgage loans on real estate 15000 00 4 Book value of bonds 15000 00 6 Deposited in trust companies and banks not on interest 1910 00 9 Bills receivable 5800 00 14 Total ledger assets 7710 00 12184 to 20136 78 2200 00 1805 70 111 50 361 21 2 20 57 50 158 75 0 84 1152 83 127 42 200 06 203 75 290 60 15 50 ComptrollerGenerals Eeport NonLedger Assets 14 Interest accrued on mortgages 137 so 15 Interest on bonds U2 50 19 Total interest and rents due and accrued1 25 Balance due Neb from Policy holders 30 Gross assets Deduct Assets Not Admitted 32 Bills receivable 40 Total admitted assets VLiabilities 2 Death claims adjusted not yet due No 1 12 50 6 Total death claims 13 Sick and accident claims adjusted not yet due No 88 339 75 18 Total unpaid claims 19 Salaries rents expenses bills and accounts due or accrued 21 Taxes accrued 25 Reserve fund 1 059 78 26 Capital stock 25000 00 27 Surplus 5753 22 29 Total 30 Total liabilities t 873 250 30 653 35 38613 65 5800 00 32813 65 12 50 352 25 413 34 235 06 31813 00 32813 65874 ComptkollerGenebals Eepoet FIRE CAPITOL CITY FIEE INSURANCE COMPANY OF ATLANTA A G W Cooper President B L Lyon Secretary Home Office 919 Austell Bldg Atlanta Georgia Wm M Smith Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 403 56 4 Extended at IIIncome 5 Gross premiums Total 7 Total premiums 29 Total Income 4827 IIIDisbursements 1 Gross amount paid policyholders for losses 1229 50 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions and brokerage 7 Salaries 8 Salaries fees and all other charges of officers 79153 directors trustees and home office employees 36000 9 Bents 10 Advertising printing and stationery all charged to one account 11 Postage telegrams telephone and express 14 Maps including corrections office supplies 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes 403 56 4827 74 231 30 5231 30 1229 50 20 00 600 40 425 00 1151 53 88 50 182 75 91 40 82 25 34 38 40 00 41 00 37 Total disbursements 3991 01ComptrollerGeneral s Eeport IVLeager Assets 5 Cash in companys office 75 00 6 Deposits in trust companies and banks not on interest 26 00 7 Deposits in trust companies and banks on interest 101 00 8 Agents balances representing business written subsequent to Oct 1912 1100 10 10 Bills receivable taken for fire risks cash in agents hands 39 19 15 Total ledger assets NonLedger Assets 26 Other nonledger assets Annual dues for 1913 20 Gross assets Deduct Assets Not Admitted 37 Annual dues not yet due 39 Admitted assets VLiabilities 1 Gross losses adjusted and unpaid 200 00 3 Gross claims for losses resisted 200 00 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receiv able upon all unexpired risks running one year or less from date of policy unearned premiums fifty per cent no unearned dues all dues are earned by company when paid 12 Salaries rents expenses bills accounts fees etc due or or accrued 13 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 17 All other liabilities viz 35000 borrowed money 1911 for organization purposes which is secured by personal endorsement of Geo W Cooper and is payable out of surplus 34 Total amount of all liabilities 35 Surplus 36 Total liabilities 875 1204 29 4827 74 6068 03 4827 74 1240 29 400 00 4827 74 140 01 40 00 180 00 580 00 660 29 1240 29876 ComptbolleeGenebals Eepoet VIRisks and Premiums Amount at Risk Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 100515 00 403 36 2 Written or renewed during the year per income No 5 301605 00 5769 75 4 Totai 402120 00 6173 31 5 Deduct those expired and marked off as as terminated 194300 00 942 01 6 In force at the end of the year 207620 00 5231 30 Business in the State of Georgia During the Year 22 Gross risks written 301605 00 Less risks cancelled 194500 00 Net risks written 107105 00 23 Gross premiums on risks written 4827 74 Less 124029 not yet collected but due 1240 29 Net premiums received 3587 4o 24 Losses paid deducting salvage 1229 50 25 Losses incurred 1629 50 FARMERS COOPERATIVE FIRE INSURANCE COMPANY OF JACKSON GEORGIA T M Ball President T T Goodwin Secretary H M Fletcher Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 433 17 IIIncome 5 Gross premiums per item 2 VI 2966 03 7 Total premiums other than perpetual 3399 20 14 Assessments for fire losses 16192 36 28 Total income 19591 53ComptrollerGenerals Report 877 IIIDisbursements 1 Gross amount paid policyholders for losses 16192 36 6 Allowances to local agencies for miscellaneous agency expenses 1697 36 8 Salaries fees and all other charges of officers directors trustees and home office employees 1308 80 10 Advrtising 1500 printing and stationery 2875 43 75 11 Postage telegrams telephone and express 46 15 20 State taxes on premiums 27 85 21 Insurance department licenses and fees 200 00 26 Total amount of all liabilities except capital 1379 66 IVLedger Assets 5 Cash in companys office 4 04 8 Agents balances representing business written subse quent to October 1 1912 7125 16 Total ledger assets 75 29 Deduct Assets Not Admitted 41 Total admitted assets 75 29 VLiabilities 1 Gross losses adjusted andunpaid 1310 00 13 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 69 66 26 Total amount of all liabilities except capital 1377 66 VIRisks and Premiums 1 In force on the 31 day of December as per line 5 under this heading in last years statement 4360774 00 2 Written or renewed during the year per income No 5 267702 00 4 Total 4628476 00 5 Deduct those expired and marked off as terminated 58869 00 6 In force at the end of the year 4569607 00 Business in the State of Georgia During the Tear 28 Gross risks written 610502 00 Less risks cancelled 113708 00 Net risks written 496794 00878 ComptrollerGenerals Eeport 29 Gross premiums on risks written 248397 cash from 1911 48206 Net losses paid Net losses incurred 2966 03 16192 36 17502 33 THE FARMERS MUTUAL FIRE INSURANCE COMPANY OF DAWSON GEORGIA GEORGIA B F Melton President W H Gun Secretary W H Gun Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 previous year and reported as held for members 752 06 4 Extended at 11Income 5 Gross premiums membership fees 600 03 7 Total premiums membership fees 18 Assessments to pay losses by Fire Storm and lightning 11357 70 19 Annual dues paid by members 904 87 24 Total 29 Total income 1 TlDisbursements 1 Gross amount paid policyholders for losses 11357 70 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions and brokerage 8 Salaries fees and all other officers directors trustees and home office employees 10 Advertising 1850 printing and stationery 4450 11 Postage telegrams telephone and express 12 Legal expenses 20 State taxes on premiums 21 Insurance Department licenses and fees 22 All other licenses fees and taxes Local tax collectors 37 Disbursements 752 06 600 03 12322 57 13674 66 11357 70 126 00 575 92 358 54 63 HI 24 72 10 00 16 10 25 00 21 00 12177 OSComptrollerGenerals Report 879 IVLedger Assets 6 Deposits in trust companies and banks not on interest 1096 68 15 Total ledger assets 1096 68 VLiabilities 1 Gross losses adjusted and unpaid 1475 00 6 Net amount of unpaid losses and claims 1475 00 13 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 12 00 34 Total amount of all liabilities 1487 00 VIRisks and Premiums Amount at Risk Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 1243000 00 2 Written or renewed during the year per income No 5 105663 00 600 03 4 Total 1348663 00 5 Deduct those expired and marked off as terminated 39760 00 6 In force at the end of the year 1308903 00 FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OAKMAN GA T L Johnson President J F Hurt Secretary J G B Erwin Calhoun Ga Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 3254 67 IIIncome 5 Gross premiums 6653 58 28 Total income 6653 58880 ComptrolleeGenebals Bepobt IIIDisbursements 1 Gross amount paid policyholders for losses 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage paid agts for business 7 Salaries 8 Salaries fees and all other charges of officers directors trustees and home office employees 10 Advertising 8168 printing and stationery 1956 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixturesi 21 Insurance department licenses and fees 41 Total disbursements IVLedger Assets 6 Deposits in trust companies and banks not on interest 16 Total ledger assets VLiabilities 7 Gross premiums less reinsurance received and receiv able upon all unexpired fire risks running one year or less from date of policy 8 Gross premiums less reinsurance received and receiv able upon all unexpired fire risks running more than one year from date of policy 9 Gross premiums less reinsurance cash and bills re ceived and receivable upon all unexpired inland navi gation risks Business in The State of Georgia During The Year 28 Gross Tisks written 29 Gross premiums on risks written 30 Losses deducting salvage Net losses paid Net losses incurred 2117 83 2117 83 50 00 477 00 239 00 850 00 110 24 36 50 75 00 25 00 200 00 4180 67 2680 67 2680 67 280905 00 273075 00 553980 00 525 00 6653 58 2117 83 2117 83 2117 83ComptrollerGenerals Report 881 THE FARMERS PROTECTIVE FIRE INSURANCE COMPANY OF GEORGIA T W Phillips President A H Flake Secretary D P Philips Attorney for Service in Georgia IIIncome 5 Gross premiums 28 Total income IITDisbursements 7 Salaries 10 Advertising 950 printing and stationery 1355 11 Postage telegrams telephone and express 12 Legal expenses 20 State taxes on premiums 24 Losses paid 25 Interest Total disbursements IVLedger Assets 5 Cash in company s office 12 Other ledger assets viz Municipal payments on prem iums due and Ttnpaid on membership in force 1 90646 estimated ost of collection 5000 total 2659 10 2659 10 303 00 23 05 31 71 113 00 9 59 2075 00 16 67 2582 12 62 OS 1856 46 16 Total ledger assets 1918 54 Deduct Assets Not Admitted 32 Supplies printed matter and stationery 150 00 41 Total admitted assets 150 00 VLiabilities 3 Gross claims for losses resisted 500 00 4 Total 500 00 30 Total liabilities 500 00 VI Risks and Premiums 6 In force at the end of the year 556432 50 882 ComptrollerGenerals Eeport Business in The State of Georgia During The Year 28 Gross risks written 29 Gross premiums on risks written 30 Losses paid deducting salvage 31 Losses incurred 18243 00 45 61 2075 00 2075 00 GERMAN MUTUAL FIRE INSURANCE COMPANY OF SAVANNAH GA C H Konemann President Fred Wessels Jr Secretary Home Office 17 Bay Street East Savannah Georgia V H McLaws Attorney for Service in Georgia IGuaranty Capital 1Amount of guaranty capital paid up in cash 58748 89 2 Amount of ledger assets as per balance December 31 of previous year 86074 17 4 Extended at 86074 17 IIIncome 5 Gross premiums 10979 64 7 Total premiums 10979 64 8 Gross interest on mortgage loans 4469 18 9 Gross interest on collateral loans 42 78 10 Gross interest on bonds and dividends 728 25 11 Gross interest on deposits in trust com panies and banks 463 00 13 Subscriptions 8840 95 14 Rent from space sublet in companys office 400 00 16 Total gross interest and rents 25923 80 9 Total income 25923 80 IIIDisbursements 1 Gross amount paid policyholders for losses 126 43 3 Net amount paid policyholders for losses 126 4t 8 Salaries fees and all other charges of officers directors trustees and home office employees 2981 00420 00 731 98 50 00 119 23 50 190 19 563 06 3206 66 4304 13 I 12693 18 ComptrollerGenerals Report 883 9 Rents including 2000 for companys occupancy of its leased building 10 Advertising 68983 printing and stationery 4215 12 Legal expenses 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal Corporation tax 1019 18000 toal 24 Office sundries 31 Dividends to polieyhoiders 32 Paid for interest or dividends on guaranty capital amount declared during the year 37 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 68078 00 3 Loans secured by pledge of bonds stocks ar other collateral 560 00 4 Book value of bonds 13867 75 6 Deposits in trust companies and banks not on interest 1906 83 7 Deposits in Trust companies and banks on interest 11429 13 10 Bills receivable taken for fire risks 110 36 11 Other Ledger assets 3412 72 15 Total ledger assets i VLiabilities 10 Interest due or accrued 11 Dividends declared and unpaid to polieyhoiders includ ing all unpaid dividends on terminated policies whether renewed or not 18 Guaranty fund paid in 19 Sundries 34 Total amount of all liabilities 63008 65 35 Surplus 36296 14 36 Total 99304 79 99304 79 843 12 3206 66 58748 89 209 98884 ComptrollerGenerals Eeport VIRisks and Premiums Amount at Bisk Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 1181245 00 10879 64 8 Net amount in force 1181245 00 10979 64 Business in The State of Georgia During The Year 22 Gross risks written 1228345 00 Less risks cancelled 47 409 q0 Ne risks written 1181245 00 Net premiums received 49 99 gj Net losses paid jog 4 GLOBE FIRE INSURANCE COMPANY OF ATLANTA GEORGIA W J Fletcher President a II McElvany Secretary Home Office 818 Austell Bldg Atlanta Ga T H Leavitt Attorney for Service in Georgia IIIncome 18 Applications now ready for policies 1115 10 19 Furniture for office 250 00 20 Cash in Bank advanced by A M McElvany 500 00 21 Secured notes advanced by W T Fletcher 500 00 22 Total assets to start with 2 365 10 23 Total liabilities to start with 350 00 24 Net assets to start with 2015 10 GORDON COUNTY MUTUAL FIRE AND STORM INSURANCE CO OF CALHOUN GEORGIA H B Herington President F L Hicks Secretary Home Office Wall Street Calhoun Ga F A Cantrell Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 793 79 4 Extended at 793 77 18 19 24 29 1 3 10 11 20 21 24 25 26 37 5 15 39 2 ComptrollerGenerals Eeport IIIneome Gross premiums 165 31 Total premiums Assessment No 4 1337 92 Borrowed money from People Bank Cal houn Ga 300 00 Total Total income IIIDisbursements Gross amount paid policyholders for losses including 70000 occurring in previous years 1382 00 Net amount paid policyholders for losses Salaries fees and all other charges of officers directors trustees and home office employees Printing and stationery Postage telegrams telephone and express State taxes on premiums Insurance department licenses and fees Begistration fee to Secretary of State of Ga Traveling expense Paid Peoples Bank Calhoun Ga borrowed money and interest Total disbursements TVLedger Assets Cash in companys office 802 82 Total ledger assets Deduct Assets Not Admitted Admitted assets VLiabilities Gross claims for losses in process of adjustment or in suspense 885 165 31 1637 92 2597 02 1382 00 1 35 00 17 50 2 70 12 99 25 00 50 12 51 3060 00 17942 20 802 82 802 82 10 00 886 ComptrollerGenerals Report 13 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 13 82 34 Total amount of all liabilities 23 82 VIRisks and Premiums Amount at Bisk Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 607000 00 1503 23 8 ATet amount in force 607000 00 1503 23 Business in The State of Georgia During The Year Net risks written 58000 00 Net premiums received 58 00 Net losses paid 680 00 Net losses incurred 680 00 C 5 10 23 20 21 31 41 24 30 SOUTH GEORGIA FARMERS FIRE INSURANCE COMPANY OF THOMASVILLE GEORGIA L Heard President Robert Alexander Secretary C L Heard Attorney for Service in Georgia 11 Income Gross premiums 260 50 By asst for losses of policyholders 740 on Total income 1000 50 IIIDisbursements Salaries fees and all other charges of officers directors trustees and home office employees 260 00 State taxes on premiums 1 35 Insurance department licenses and fees 25 00 Policy holders losses 1912 740 oil Total disbursements l 000 50 Tncorporators from expenses of organization 156 00 Total liabilities lot 0ComptrollerGenerals Report VIRisks and Premiums 1 In force on the 31 day of December as per line 5 under this heading in last years statement 2 Written or renewed during the year 4 Total 5 Deduct those expired and marked off as terminated 6 In force at the end of the year 8 Net amount in force Business in The State of Georgia During The Year 28 Gross risks written Net premiums received Uet losses paid Net losses incurred 887 325120 00 50275 00 375395 00 47345 00 328050 00 328050 00 ea 50275 00 260 50 740 00 740 00 SOUTHERN STATES FIRE INSURANCE COMPANY OF ATHENS GA H S West President E 8 Rylee Secretary T J Shackelford Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 3028 58 4 Extended at 3028 58 IIIncome 5 Gross premiums 1926 69 6 Deduct gross amount paid for return prem iums 359 86 7 Total premiums 1566 83 18 Directors note to secure policyholders 3000 00 29 Total income 7595 41 IIIDisbursements 1 Gross amount paid policyholders for losses occurring in previous years 500 00 3 Net amount paid policyholders for losses 500 00888 ComptrollerGeneral s Report 4 Expenses of adjustment and settlement of losses 7 Salaries and expenses of special agents 8 Salaries fees and all other charges of officers directors trustees and home employees 9 Eents 10 Advertising printing and stationery 11 Postage telegrams telephone and express 13 Furniture and fixtures 21 Insurance department licenses and fees 24 City and town taxes 31 Dividends to policyholders 37 Total disbursements 500 00 524 40 369 35 126 00 50 00 25 00 5 OQ 200 00 17 00 81 25 1398 mi TVLedger Assets 6 Deposits in trust companies and banks not on interest 9 Agents balances representing business written prior to October 1 1912 10 Bills receivable taken for fire risks 12 Furniture office fixtures etc 838 02 268 05 691 34 500 00 15 Total ledger assets NonLedger Assets 23 Total 29 Gross assets Deduct Assets Not Admitted 30 Supplies printed matter and stationery Ill 37 31 Furniture fixtures and safes 500 00 39 Admitted assets VLiabilities 3 Gross claims for losses resistedI 400 00 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired risks running one year or less from date of policy unearned premiums fifty per cent 204 13 5297 41 3297 41 8594 82 79S3 45 400 00ComptrollerGenerals Report 889 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired risks running more than one year from date of policy 1456 91 9 Total unearned premiums as computed above 13 Estimated amount hereafter payable for federal state and other taes based upon the business of the year of this statement operating on four county plan 16 Due and to become due for borrowed monev 34 Total amount of all liabilities 35 Surplus 36 Total liabilities 1661 04 25 00 244 00 2330 04 5653 41 7983 45 VIRisks and Premiums Amount at Risk Premiums Thereon 1 In force on the 31 day of December as per line 5 under this heading in last years statement 2 Written or renewed during the year per income No 5 255905 00 83750 00 339655 00 4 Total 5 Deduct those expired and marked off as terminated changed to four county plan and terminated in other cos 149705 00 6 In force at the end of the year 189950 00 Business in the State of Georgia During the Year 22 Gross risks written Less risks cancelled Net premiums received Net losses paid 3011 10 1926 69 83750 00 5000 00 Net risks written 78750 00 23 Gross premiums on risks written 1826 69 Less return premiums 50 00 1876 69 500 00890 ComptrollerGenerals Eeport sunlight insurance company of atlanta georgia S J Sheffield President C A Penn Secretary Home Office 1428 Empire Bldg Atlanta Ga Walter McElreath Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 1304 84 4 Extended at 1304 84 IIIncome 5 Gross premiums 7 Total premiums 29 Total income 23454 85 23454 85 23454 85 IIIDisbursements 1 Gross amount paid policyholders for losses 2132 48 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 7 Salaries 1468655 and expenses 9030 of special agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 52500 for companys occupancy of its own buildings 10 Advertising 103924 printing and stationery 88000 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 21 Insurance department licenses and fees 22 City taxes 24 Returned to members 2132 48 280 00 14776 85 3525 00 37 Total disbursements 525 00 1919 24 280 48 152 40 491 05 48 94 50 00 113 72 24295 16 IVLedger Assets 6 Deposits in trust companies and banks not on interest 15 Total ledger assets 464 53 464 53CompteollebGenekals Eeport NonLedger Assets 27 Net amount due from members 27489 10 28 Of furniture 65000 books and blanks 40000 1050 00 Total 29 Gross assets VLiabilities 21 This company has no liabilities as we pay all claims each week We have no net advance payments on our debit Net arrears Business in Georgia During The Year 22 Gross risks written Less risks cancelled Net risks written 23 Gross premiums on risks written Less return premiums Net premiums received Net losses paid 891 28539 10 29003 63 1141 35 912050 00 881150 00 30900 00 23454 85 113 72 23341 13 2132 48MISCELLANEOUS COMPANIES ETNA ACCIDENT AND LIABILITY COMPANY HARTFORD CONN M G Bulkeley President J S Rowe Secretary Wm A Wright 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 2365066 91 IIIncome Gross premiums written and renewed during the year Liability 10143068 fidelity 3241785 surety 12401215 plate glass 14951031 burglary and theft 19931477 sprinklex 5599537 fiy wheel 474047 auto property damage 60237859 total Deduet reinsurance Liability 5162369 fidelity 40000 surety 119675 plate glass 26387 burglary and theft 1217891 sprinkler 895274 fly wheel 218575 auto property damage 365250 total 80454 21 Deduct return premiums on policies can celled Liability 527762 fidelity 1 25486 surety 260122 plate glass 705117 burglary and theft 12 42075 sprinkler 320841 fly wheel 3952 auto property damage 62 61239 total 94821 63 Deduct premium on policies not taken Liability 183991 fidelity 171450 surety 213688 plate glass 29 95849 burglary and theft 3052650 sprinkleT 948505 fly wheel 24839 auto property damage 9636979 total 188S39 29 5 Total deductions Liability 7530100 fidelity 336936 surety 593485 plate glass 3727353 burglary and theft 5512616 sprinkler 2164620 fly wheel 2 82935 auto property damage 16263468 total 1269800 19 364115 13COMPTROLLERGENERALS EePORT 893 G Net premiums Liability 2612968 fidelity 2904849 surety 11807730 plate glass 11223678 burglary and theft 14418861 sprinkler 3434917 fly wheel 191112 auto property damage 43974391 total 905685 06 22 Gross interest on mortgage loans 35546 32 23 Gross interest on collateral loans 1796 75 24 Gross interest on bonds and dividends on stocks less 1 14234 accrued interest on bonds acquired during1912 43621 29 25 Gross interest oh deposits in trust companies and banks 7079 71 39 Total income 993729 13 IIIDisbursements 1 Gross amount paid for losses Fidelity 20000 surety 12480 plate glass 4041979 burglary and theft 5620006 sprinkler 919588 auto property damage 14115245 total 2 Deduct reinsurance Plate glass 5185 burglary and theft 352913 sprinkler 35371 total 3 Deduct salvage Plate glass 45244 burglary and theft 258610 sprinkler 13871 auto property damage 5 47634 total 3934 69 8653 59 Total deductions Plate glass 50429 burglary and theft 611523 sprinkler 49242 auto property damage 5 47634 total 17 5 Net amount paid policy holders for losses Fidelity 20000 surety 12480 plate glass 3991550 burg lary and theft 5008483 sprinkler 870346 auto property damage 13567611 total Investigation and adjustment of claims viz Surety 5000 burglary and theft 225988 sprinkler 55218 auto property damage 944559 total 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Liability 168431 fidelity 588261 surety 23 55926 plate glass 3372455 burglaTy and theft 4261446 sprinkler 626076 auto property damage 10079539 fly wheel 10477 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees includ ing traveling expenses 29 Salaries travelingand all other expenses of agents not paid by commissions 247292 98 12588 28 234704 70 12307 65 211047 95 61209 14 17510 21894 ComptrollerGenerals Report 31 Inspections other than medical and claim 4986 72 32 Rents including 100000 for companys occupancy of its own buildings 2702 07 35 State taxes on premiums 7481 70 36 Insurance department licenses and fees 7091 89 37 All other licenses fees and taxes Federal corporation tax 508 00 39 Capital stock tax 6900 00 40 Municipal and county 645 35 42 Legal expenses 1695 32 43 Advertising 6656 85 44 Printing and stationery 31135 13 45 Postage telegraph telephone and express 8310 96 46 Furniture and fixtures 7 736 12 47 Stockholders for interest or dividends amount declared during the year 60000 00 49 Sundry expenses 5230 24 50 Investment expense 205 50 56 Total disbursements 688065 50 IVLedger Assets 2 Mortgage loans on real estate 632781 25 3 Loans secured by pledge of bonds stocks or other col laterals 103000 00 4 Book value of bonds 104940109 and stocks 510 03440 total 1559435 49 5 Cash in companys office 191 39 6 Deposits in trust companies and banks not on interest 56087 01 7 Deposits in trust companies and banks on interest 107747 85 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1912 Liability 1660480 fidelity 523470 surety 2104541 plate glass 2518944 burglary and theft 2781095 sprinkler 975999 fly wheel 91134 auto property dam age 7421946 totals 180776 09 On policies or renewals issued prior to Oct 1 1912 Liability 139104 fidel ity 64253 suTety 496461 plate glass 144418 burglary and theft 2 49379 sprinkler 85522 fly wheel 13200 auto property damage 12 37249 total 23295 86 24 Total 205071 95COMPTROLLEBGrENEEAL S KePOET 895 25 Bills receivable and suspense accounts 27 Advance traveling expenses 6215 60 200 00 30 Ledger assets 2670730 54 NonLedger Assets 31 Interest accrued on mortgages i 32 Interest accrued on bonds 33 Interest accrued on collateral loans 34 Interest accrued on other assets Bank balances 39 Market value not including interest in item 32 of bonds and stocks over book value 41 Due from reinsurance companies 14628 84 13893 74 610 46 290 79 5609 51 1700 08 43 Gross assets 2707463 96 Deduct Assets Not Admitted 45 Bills receivable and suspense accounts 6215 60 49 Premiums in course of collection written prior to Oct 1 1912 24295 86 52 Advance traveling expenses 200 00 Total 56 Admitted assets 30711 46 VLiabilities 1 Losses and claims adjusted Surety 3892 40 2 Losses and claims reported or in process of adjustment Surety 98200 plate glass 170632 burglary and theft 478400 sprinkler 12750 auto property damage 1890695 total 26506 77 3 Losses and claims resisted Burglary and theft 3 95700 auto property damage 1058324 total 14540 24 4 Total losses and claims Surety 487440 plate glass 170632 burglary and theft 874100 Sprinkler 12750 auto property damage 2949019 total 44939 41 5 Dedust reinsurance Burglary and theft 100000 sprinkler 625 total 1006 25 6 Net unpaid claims except liability claims Surety 4 87440 plate glass 170632 burglary and theft 7 74100 sprinkler 12125 auto property damage 29 49019 total 43933 16896 ComptrollerGenerals Eeport 7 Estimated expenses of investigation and adjustment of unpaid claims Surety 24372 plate glass 8532 burglary and theft 38705 sprinkler 606 auto property damage 147451 total 8 Total losses and claims Surety 511812 plate glass 1 79164 burglary and theft 812805 sprinkler 12731 auto property damage 3096470 total 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 78666546 unearned premiums fifty per cent 393332 73 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 8415654 unearned premiums pro rata 52990 81 2196 66 46129 82 46129 82 23 Total unearned premiums as shown by recapitulation 446323 54 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1912 viz Liability 415120 fidelity 157041 surety 526135 plate glass 755683 burglary and theft 834329 sprinkler 244000 fl wheel 22784 auto property damage 1855486 total 48105 78 29 Salaries rents expenses bills accounts fees etc due or accrued 868 22 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 9134 15 35 Reinsurance 17946 95 36 Advance premiums one hundred per cent 804 76 46 Total amount of all liabilities except capital 569313 22 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities 1107439 28 49 Surplus as regards policyholders 2107439 28 50 Total liabilities 2676752 50 Business in The State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Liability 120050 fidelity 27500 surety 199679 plate glass 79466 burgCOMPTROLLERGENERAL S REPORT 897 lary and theft 152973 sprinkler 109825 auto mobile property damage 1298202 total 19876 95 Gross losses paid Plate glass 37788 burglary and theft 13200 sprinkler 25291 automobile property dam age 156003 total 2322 82 ALABAMA FIDELITY AND CASUALTY COMPANY OF MONTGOMERY ALABAMA T E Lovejoy President J W Kelly Secretary Home office Bell Building Montgomery Alabama T C Sherry Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 347215 35 3 Increase of paidup capital during the year 7140 00 Extended at IIIncome 1 Gross premiums written and renewed during the year Accident 4130135 health 2752471 fidelity 17 566 31 surety 452033 plate glass 371392 burglary and theft 1086364 industrial 2350035 total 2 Deduct reinsurance Accident 95894 health 62713 fidelity 11368 burg lary and theft 8900 total 1788 75 3 Deduct return premiums on policies can celled Accident 387320 health 263863 fidelity 19896 plate glass 3720 burglary and theft 65732 total 7405 31 4 Deduct premium on policies not taken Accident 958795 health 704111 fidelity 136525 surety 3942 plate glass 65317 burglary and theft 1 75318 industrial 4847 total 20488 55 354355 35 5 Total deductions Accident 1442009 health 10 30687 fidelity 167789 surety 3942 plate glass 128990 61898 ComptbollebGeneeals Eepoet 69037 burglary and theft 4847 total 249950 industrial 6 Net premiums Accident 2688126 health 1721784 fidelity 1588842 surety 448091 plate glass 3 02355 burglary and theft 836414 industrial 23 45188 total 20 Policy fees required or represented by applications 22 Gross interest on mortgage loans less 24750 actual interest on mortgages acquired during 1912 23 Gross interest on collateral loans 24 Gross interest on bonds and dividends on stocks less 55045 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 6372 18 939 29 5473 55 1117 1 30 Total gross interest and rents 31 From other sources premium on stock sold 719000 amount due bond agents 2683197 total 39 Total income IIIDisbursements 1 Gross amount paid for losses Accident 794684 health 1010144 fidelity 11044 surety 50190 plate glass 78138 burglary and theft 50114 in dustrial 15185 94 total 2 Deduct reinsurance Accident 3571 health 70497 total 740 68 3 Deduct salvage Fidelity 11044 plate glass 247 total 113 91 4 Total deduction Accident 3571 health 70497 fidel ity 11044 plate glass 247 total 5 Net amount paid policyholders for losses Accident 7 91113 health 939647 surety 50190 plate glass 77891 burglary and theft 51114 industrial 15 L8594 total 17 Investigation and adjustment of claims viz Accident 32240 surety 5865 burglary and theft 250 total 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 944948 health 553839 fidelity 2 51397 surety 88900 plate glass 73158 burglary and theft 234680 industrial 775286 total 29682 61 99308 00 19 61 17790 14 34021 97 151139 72 35129 08 853 50 34275 49 3 S3 55 20222 08ComptrollerGeneral s Report 899 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Municipal premium taxes 5434 municipal licenses 47655 state county and city corporation tax 318262 total 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 48 Other disbursements Interest to bond agents 81402 general expense office expense 154740 adjusting entries 27344 total 56 Total disbursements 24 Total 25 Bills receivable 27 Agents balances 30 Ledger assets 24137 75 5979 28 113 63 1403 ii 307 74 1807 50 3713 51 1949 64 2432 73 2547 61 1841 99 437 48 2634 86 113188 44 IVLedger Assets 2 Mortgage loans on real estate first liens 11989665 other than first 222505 total 122121 70 3 Loans secured by pledge of bonds stocks or other col lateral 14100 00 4 Book value of bonds 11636250 and stocks 38 000 00 total 154362 50 6 Deposits in trust companies and banks not on interest 29932 29 7 Deposits in trust companies and banks on interest tiine deposits 46223 28 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1912 Accident 583298 health 431280 fidelity 323131 surety 37956 plate glass 123420 burglary and theft 284024 total 17831 09 On policies or renewals issued prior to Oct 1 1912 Accident 77983 health 67665 fidelity 28000 surety 25500 plate glass 5712 burglary and theft 2897 total 1847 57 19678 66 937 67 4950 53 392306 63900 ComptrollerGenerals Report NonLedger Assets 31 Interest accrued on mortgages 32 Interest accrued on bonds 33 Interest accrued on collateral loans 34 Interest accrued on other assets Time deposit certificates Total 1816 47 933 33 509 20 1514 60 4773 60 43 Gross assets 397080 23 Deduct Assets Not Admitted 44 Companys stock owned 45 Bills receivable 49 Premiums in course of collection written prior to Oct 1 1912 52 Agents balances 500 00 937 67 1847 57 4950 53 35 Total 4 Total losses and claims Accident 90900 health 74200 fidelity 3500 plate glass 18100 burglary and theft 25700 industrial 181200 total 5 Deduct reinsurance Health 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 7099122 unearned premiums fifty per cent 35495 59 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 420601 unearned premiums pro rata 297884 22 8235 71 56 Admitted assets 388844 46 VLiabilities 1 Losses and claims adjusted Accident 8500 health 21192 plate glass 3117 burglary and theft 14690 industrial 43263 total 2 Reported or in process of adjustment Accident 82400 health 53008 fidelity 3500 plate glass 14983 burglaTy and theft 11010 industrial 137937 total 907 62 3028 38 3936 00 26 88 3909 12 23 Total unearned premiums as shown by recapitulation 38474 43ComptrollerGeneral s Eeport 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1912 viz Accident 181316 health 133680 fidelity 78982 surety 9489 plate glass 37026 burglary and theft 85207 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 35 Reinsurance 37 Other liabilities viz Due bond agents 46 Total amount of all liabilities except capita 47 Capital actually paid up in cash 250000 00 48 Surplus over all liabilities 60330 41 49 Surplus as regards policyholders 50 Total liabilities 388844 46 Business in The State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident 114173 health 85106 plate glass 18973 steam boiler 2000 in dustrial 462593 total 6828 45 Gross losses paid Accident 45001 health 20107 plate glass 8000 industrial 203860 total 2769 68 901 5257 00 913 75 2500 00 218 68 409 10 26831 97 78514 05 310330 41 AMEEICAN BONDING COMPANY OF BALTIMORE MARYLAND George Cator President Vm E P Duvall Treasurer Home Office Equitable BuildingCalvert and Fayette Sts Baltimore Maryland Edwin Hass Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 2891319 03 Extended at 2891319 03902 ComptrollerGeneral s Eeport ITIncome 1 Gross premiums written and renewed during the year Fidelity 39518073 surety 119649186 burglary and theft 28103213 total 1872704 2 Deduct reinsurance Fidelity 2192150 surety 11121335 burglary and theft 2422823 total 157363 08 3 Deduct return premiums on policies can celled Fidelity 2298674 surety 5379645 burglary and theft 19 24828 total 96031 47 4 Deduct premium on policies not taken Fidelity 1582988 surety 8407764 burglary ad theft 3828343 total 138190 95 5 Total deductions Fidelity 6073812 surety 08744 burglary and theft 8175994 total 240 391585 50 6 Net Premiums Fidelity 33444261 surety 94740442 burglary and theft 19927219 total 1481119 22 24 Gross interest on bonds and dividends on stocks less 47188 accrued interest on bonds acquired during 1912 85547 4 25 Gross interest on deposits in trust com panies and banks 6953 16 27 Salvage 922 09 28 Branch office bank accounts 209 68 29 Gross rents from companys property 240 00 30 Total gross interest and rents 31 From other sources Income from investments of col lateral deposits during year 971821 interest and expenses paid on collateral deposits during year 7 26420 total 34 Advance premiums Dec 31 1912 970383 advance premiums Dee 31 1911 543784 total 37 Gross profit on sale or maturity of ledger assets viz Bonds 185000 stocks 104577 total 38 Gross increase by adjustment in book value of ledger assets viz Bonds 99795 storks 030000 93872 77 245 ol 4265 99 2895 77 7297 95 39 Total income 1591905 71 IIIDisbursements 1 Gross amount paid for losses Fidelity 10072397 surety 30327885 burglary and theft 10039662 total 504399 44ComptrollerGeneral s Report 903 2 Deduct reinsurance Fidelity 45254 surety 1668200 burglary and theft 1357190 total 30706 44 3 Deduct salvage Fidelity 1393568 surety 7822171 burglary and theft 136535 total 93522 74 4 Total deduction Fidelity 1438822 surety 9490371 burglary and theft 1493725 total 124229 18 5 Net amount paid polieyholders for losses Fidelity 86 33575 surety 20837514 burglary and theft 85 45937 total 380170 26 17 Investigation and adjustment of claims viz Fidelity 428904 surety 1942121 burglary and theft 5 70877 total 29419 02 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 7226130 surety 19275536 burglary and theft 5857368 total 323590 34 28 Salaries fees and all other compensation of officers directors trustees and home office employees 157324 22 29 Salaries traveling and all other expenses of agents not paid by commissions 236840 29 31 Inspections other than medical and claim 5406 65 32 Rents 16038 87 34 Taxes on real estate 2315 01 35 State taxes on premiums 28830 24 36 Insurance department licenses and fees 15418 14 37 All other licenses fees and taxes Federal corporation tax 158192 municipal licenses 2433 85 tax on capital stock etc 2198520 total 26000 97 42 Legal expenses 9983 82 43 Advertising 4707 98 44 Printing and stationery 18085 48 45 Postage telegraph telephone and express 13507 89 46 Furniture and fixtures 8691 51 47 Stockholders for interest or dividends amount declared during the year 120000 00 49 General miscellaneous expenses 28868 16 50 Depreciation in market value of Collateral deposit invest ments during year 1532 50 53 Agents balances charged off 655 77 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 2683000 stocks 27500 total 27105 00 56 Total disbursements 1454492 12904 OomptbollerGenekals Beport IVLedger Assets Book value of real estate Mortgage loans on real estate first liens Book value of bonds 189580300 and stocks 67 60000 total Cash in companys office Deposits in trust companies and banks not on interest Deposits in trust companies and banks on interest Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1912 Fidelity 2833715 surety 16251950 burglary and theft 4404778 total 234904 43 On policies or renewals issued prior to Oct 1 1912 Fidelity 1024014 surety 15536386 burglary and theft 4 47728 total 170081 28 146646 77 8607 15 1963403 00 3765 57 10000 00 463215 26 24 28 Total Due by suspended banks and trust companies 666775 extended at 404985 71 28109 16 30 Ledger assets 3028732 62 32 36 43 49 55 56 NonLedger Assets Interest due 252000 and accrued 11 65530 on bonds 1417 30 14175 30 Total Gross assets 3042907 92 Deduct Assets Xot Admitted Premiums in course of collection written prior to Oct 1 1912 170081 28 170081 28 Total Admitted assets 2S72826 64 VLiabilities Losses and claims reported or in process of adjustment Fidelity 4405168 surety 10039668 burglary and theft 1529920 total 159747 56ComptrollerGeneral s Beport 3 Losses and claims resisted Fidelity 4271518 surety 18001049 burglary and theft 1720200 total 4 Total losses and claims Fidelity 8676686 surety 28040717 burglary and theft 3250120 total 5 Deduct reinsurance Fidelity 214600 surety 11 09086 burglary and theft 1056800 total 6 Net unpaid claims except liability claims Fidelity 84 62086 surety 26931631 burglary and theft 21 93320 total 7 Estimated expenses of investigation and adjustment of unpaid claims Fidelity 517500 surety 2130000 burglary and theft 145800 total 8 Total losses and claims Fidelity 8979586 surety 29061631 burglary and theft 2339120 total Id Total unpaid claims and expenses of settlement 20 Gross premiums less reinsurance upon all unexpired excise risks written in New York State running one year or less from date of policy 4971631 unearned premiums seventyfive per eent 37287 23 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1294 65025 unearned premiums fifty per eent 647325 13 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 201 74769 unearned premiums pro rata 106036 36 905 239927 67 399675 23 23804 86 375870 37 27933 00 403803 37 403803 37 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1912 viz Fidelity 566743 surety 3071753 burglary and theft 865516 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 790648 72 45040 12 1500 00 23500 00 6383 02906 ComptrollerGenerals Eeport 35 Reinsurance 21651 48 36 Advance premiums one hundred per cent 9703 83 46 Total amount of all liabilities except capital 1302230 54 47 Capital actually paid up in cash 750000 00 48 Surplus over all liabilities 820596 10 49 Surplus as regards policyholders 1570596 10 50 Total liabilities 2872826 64 Business in The State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Fidelity and surety 18 71655 burglary and theft 133564 total 20052 19 Gross losses paid Fidelity and surety 8390 burglary and theft 37942 total 463 32 AMERICAN CASUALTY COMPANY OF READING PA E 1 Van Reed President Harvey II Shomo Secretary Win A Wright Attorney for Service in Georgia I Capital Stock 1 Amount of capital paid up in cash 325000 00 2 Amount of ledger assets as per balance December 31 of previous year 550734 18 3 Increase of paid up capital during the year 25000 00 Extended at 575734 18 11Income 1 Gross premiums written and renewed during the year Accident and health 19067416 liability 75 10679 plate glass 1711027 steam boiler 4 41135 burglary and theft 1415581 auto property damage 2906018 total 360518 56 2 Deduct reinsurance Accident and health 100405 burglary and theft 12290 total 1A26 95ComptrolleeGknekals Kepobt 907 3 Deduct return premiums on policies can celled Accident and health 74575 liability 282206 plate glass 78901 steam boiler 13778 burglary and theft 77797 auto property damage 189775 total 7170 32 4 Premium on policies not taken Accident and health 2104908 liability 15 986 51 plate glass 1122321 steam boiler 113741 burglary and theft 3268 04 auto property damage 820358 total 60867 83 5 Total deductions Accident and health 22798 88 liability 1880857 plate glass 1201222 steam boiler 127519 burglary and theft 416891 auto property damage 1010133 total 6 Net premiums Accident and health 16787578 liability 56298 22 plate glass 3509805 steam boiler 3 13616 burglary and theft 9986 90 auto property damage 18958 85 total 22 Gross interest on mortgage loans 9251 61 24 Gross interest on bonds and dividends on stocks less 2467 accrued interest on bonds acquired during 1912 10843 68 25 Gross interest on deposits in trust com panies and banks 330 24 26 Gross interest from all other sources Bills receivable 50 29 Gross rents from companys property 1533 70 30 Total gross interest and rents 31 From other sources Commission on bonding business written 33 Surplus on sale of capital stock 37 Gross profit on sale or maturity of ledger assets viz Bonds 39 Total income 69165 10 291353 46 21965 73 929 64 12500 00 360 00 327108 83 Tl 1Disbursements 1 Gross amount paid for losses Accident and health 78 11459 liability 3432033 plate glass 1817746 steam boiler 37622 burglary and theft 474851 auto property damage 1482242 totalft 150565 51908 ComptrollerGenerals Eeport 2 Deduct reinsurance Accident and health 30892 total 308 92 4 Total deduction Accident and health 5 Net amount paid policyholders for losses Accident and health 7780565 liability 3432633 plate glass 1817746 steam boiler 37622 burglary and theft 474851 auto property damage 14822 42 total 17 Investigation and adjustment of claims viz Accident and health 196225 liability 587148 plate glass 1400 burglary and theft 16641 auto property damage 163938 total 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 4591988 liability 1551168 plate glass 1295426 steam boiler 60983 burglary and theft 273328 auto property damage 669062 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not i paid by commissions 30 Medical examiners fees and salaries 31 Inspections other than medical and claim 32 Bents 33 Repairs and expenses other than taxes on real estate 34 Taxes on real estate 35 State taxes on premiums 36 Insurance department licenses and fees 39 Pennsylvania tax on capital stock 43 Advertising printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements subscriptions 50 Sundry expense 53 Agents balances charged off 54 Gross loss on sale or maturity of ledger assets viz Bonds 56 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 4 Book value of bonds 5 Cash in companys office 308 92 150256 59 9653 5S 84419 55 20564 70 13934 93 385 20 2089 OS 3937 81 1129 85 523 50 3857 86 1542 50 2625 00 6707 i0 2742 07 486 14 21000 00 554 50 555 53 2011 09 17 50 328993 98 42850 00 187940 00 215730 59 2153 09 1 COMPTROLLERGrElSrEKALS REPORT 909 6 Deposits in trust companies and banks not on interest 28447 27 7 Deposits in trust companies and banks on interest 54982 76 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1912 Accident and health 1276344 liability 848303 plate glass 807110 steam boiler 20491 Burglary and thefti 175759 auto property damage 337855 totals 34658 62 On policies or renewals issued prior to Oct 1 1912 Accident and health 1 523 83 liability 189331 plate glass 194257 steam boiler 10722 burglary and theft 61700 auto prop erty damage 31697 total 6400 90 24 Total 41059 52 25 Bills receivable 685 80 30 Ledger assets 573849 03 NonLedger Assets 31 Interest due 5200 and accrued 194031 on mortgages 1992 31 32 Interest due 22400 and accrued 2 62670 on bonds 2850 70 37 Bents due 123 00 38 Market value of real estate over book value 5150 00 42 Total 10116 01 43 Cross assets 583965 04 Deduct Assets Not Admitted 44 Companys stock owned 685 80 49 Premiums in course of collection written prior to Oct 1 1912 6400 90 51 Book value of ledger assets over market value viz Bonds 401 45 55 Total 7488 15 56 Admitted assets 576476 89910 CompteollebGeneeals Kepoet VLiabilities Losses and claims reported or in process of adjustment Accident 579102 plate glass 159714 burglary and theft 100000 auto property damage 40000 total 8788 16 Total losses and claims Accident 579102 plate glass 159714 burglary and theft 100000 auto property damage 40000 total 87S8 16 Net unpaid claims except liability claims Accident 5 79102 plate glass 159714 burglary and theft 1 00000 auto property damage 40000 total 8788 16 8 Total losses and claims Accident 579102 plate glass 1597 14 burglary and theft 100000 auto property damage 40000 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 16609045 unearned premiums fifty per cent 831 45 21 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 17 37703 unearned premiums pro rata Mi 72 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1912 viz Accident and health 4 55918 liability 268948 plate glass 300834 steam boiler 603 burglary and theft 00002 auto property damage 01741 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Reinsurance 36 Advance premiums one hundred per cent 46 Total amount of all liabilities except capital 8788 16 39061 39 47S49 55 91112 93 11535 38 268 57 3404 35 259 41 S3 70 154513 89 CompteollebGeneeals Refobt 911 47 Capital actually paid up in cash 325000 00 48 Surplus over all liabilities 96963 00 49 Surplus as regards polieyholders 421963 00 50 Total liabilities 576476 89 Business in The State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident and health 747479 fidelity 230876 plate glass 176368 burglary and theft6267 total 12241 54 Gross losses paid Accident and health 480653 fidelity 88495 plate glass 73567 total 6427 15 THE AMERICAN CREDITINDEMNITY COMPANY OF NEW YORK E M Treat President Jos J Gross Secretary ICapital Stock 1 Amount of capital paid up in cash 350000 00 2 Amount of ledger assets as per balance December 31 of previous year 1538631 22 4 Extended at 1538631 22 IIIncome 5 Gross premiums 785832 41 6 Deduct gross amount paid for reinsurance credit 218750 return premiums credit 1241119 premiums on policies not taken 2339083 total 37990 12 7 Total premiums other than perpetual 747842 29 11 Gross interest on bonds and dividends on stocks accrued interest on bonds acquir ed during 1912 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Bills receivable 15 Premium notes 48677 82 447 46 37 59 2822 75 17 Total gross interest and rents 28 Total income 51985 62 799827 91912 ComptrollerGeneral s Eeport IIIDisbursements 1 Gross amount paid poiieyholders for losses 576959 58 2 Deduct amount received for salvage credit 4962 59 3 Net amount paid poiieyholders for losses 571996 99 4 Expenses of adjustment and settlement of losses 16878 40 5 Commissions or brokerage 186929 47 7 Salaries 22352 83 8 Salaries fees and all other eharges of officers directors trustees and home office employees 51108 68 9 Rents 10136 76 10 Advertising 710604 printing and stationery 3 42758 total 10533 62 11 Postage telegrams telephone and express 4888 57 12 Legal expenses 7404 78 20 State taxes on premiurns 13821 99 21 Insurance department licenses and fees 1566 30 22 All other licenses fees and taxes State county and municipal tables 2668 03 State and municipal licenses 1334 35 23 Other disbursements Traveling expenses 1818 81 25 Mercantile agencies 2400 00 26 Miscellaneous expenses 1877 11 27 Country exchange 589 46 38 Agents balances charged off net adjustment of agents balances 5962 67 39 Gross loss on sale or maturity of ledger assets viz Bonds 7760 29 41 Total disbursements 922029 11 IVLedger Assets 4 Book value of bonds 99471458 and stocks 22897500 total 1223689 58 5 Cash in companys office 21 48 7 Deposits in trust companies and banks on interest 29225 77 10 Bills receivable 10679 20 13 Premium notes 84100 13 14 Office furniture and fixtures 45296 07 15 Agents balances debit 2799646 credit 457867 23417 79 16 Total ledger assets 1416430 02ComptrollerGenerals Report 913 NonLedger Assets 18 Interest due and accrued on bonds 12552 71 20 Interest on other assets Premium notes not past due 433 42 26 Market value not including interest in item 18 of stocks over book value 125 00 30 Gross assets 1 429 541 15 Deduct Assets Not Admitted 32 Agents balances 27 996 46 33 Furniture fixtures and safe 45 296 07 36 Premium notes past due 25 944 38 39 Bills receivable 10 679 20 40 Bonds 92539 58 41 Total admitted assets 4 227 085 46 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 991900 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 9 919 00 3 Gross claims for losses resisted 822 00 4 Tta 21741 00 5 Special reserve for unpaid claims 286073 38 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired risks running one year or less from date of policy 70443366 unearned prem iums pro rata 350746 35 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired risks running more than one year from date of policy 238854 unearned premiums pro rata 2288 73 11 Total unearned premiums as computed above 18 Salaries rents expenses bills accounts fees etc due or accrued estimated 307814 38 353035 08 2000 00914 ComptrollerGenerals Report 19 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Commissions brokerage and other charges due or to be come due to agents and brokers 24 Beserve for outstanding guarantees to policyholders 25 Advance premiums one hundred per cent 11671 11 5314 75 6421 47 400 00 26 Total amount of all liabilities except capital 686656 79 27 Capital actually paid up in cash 350000 00 28 Surplus over all liabilities 190428 67 29 Surplus as regards policyholders 30 Total liabilities VIRisks and Premiums 1 In force on the 31 day of December as per line 5 under this heading in last years statement 2 Written or renewed during the year per income No 5 540428 67 1227085 46 754137 26 785832 41 4 Total 1339969 67 5 Deduct those expired and marked off as terminated 830959 97 6 In force at the end of the year 709009 70 7 Deduct reinsurance schedule required 2189 50 8 Net amount in force 706822 2d Business in The State of Georgia During the Year 29 Gross premiums on risks written Less return premiums for reinsurance in companies authorized in Georgia Net premiums received 30 Losses paid deducting salvage Net losses paid 31 Losses incurred 10909 17 7 50 10159 17 12141 67 12141 67 12141 67 Net losses incurred 12141 6ComptrollerGenerals Eeport 915 AMERICAN NATIONAL INSURANCE COMPANY OF GALVESTON TEXAS ITIncome 1 Gross premiums written and renewed during the year Accdent 8909094 health 6791557 total 157006 51 2 Deduct reinsurance Accident 8024 3 Deduct return premiums on policies can celled Accident 25114 health 25114 total 502 28 5 Total deductions Accident 33138 health 25114 total n kq 6 Net premiums Accident 8875956 health 67 66443 total 156423 99 20 Policy fees required or represented by applications 77745 00 35 From life statement 2 821 648 83 39 Total income 3055817 82 ITTDisbursements 1 Gross amount paid for losses Accident8286973 health 0084396 total 5 Net amount paid policyholders for losses Accident 86973 health 6084396 total 17 Investigation and adjustment of claims viz Accident 120518 health 120518 total 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 4003171 health 3281575 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation tax 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 143713 69 113713 69 2410 37 77139 50 72847 40 7813 61 20 00 643 45 693 48 412 8S 394 61 356 24 2055 66 1575 33 228 08 916 ComptrollerGenerals Eeport 48 Other disbursements 49 Branch office expense 50 Exchange 51 Petty office expense 52 Bond fees 1773 71 2 15 112 29 10 00 Total 53 Agents balances charged off 55 Gross decrease by adjustment in book value of ledger assets viz From life statement 1898 15 5245 22 955808 40 56 Total disbursements 1273256 13 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 11500 health 20200 total 3 Losses and claims resisted Accident 8 Total losses and claims Accident 538166 health 20200 total 20 Total unpaid claims and expenses of settlement 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1912 36 Advance premiums one hundred per cent 45 Prom life statement 317 00 5266 66 5583 66 5583 66 582 65 3272 20 1302046 75 46 Total amount of all liabilities except capital 1311485 26 47 Capital actually paid up in cash 250000 00 48 Surplus over all liabilities 284696 92 49 Surplus as regards policyholders 50 Total liabilities 534696 92 1846182 18 AMERICAN SURETY COMPANY OF NEW YORK P W Lafrentz President H B Zeverly Secretary Home Office 100 Broadway New York N Y Marion M Jackson Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 5000000 00ComptrollerGenerals Report 917 2 Amount of ledger assets as per balance December 31 of previous year 8767543 22 3 Increase of paid up capital during the year 2500000 00 Extended at 11267543 22 LIIncome 1 Gross premiums written and renewed during the year Fidelity 138366776 surety 217066032 total 3554328 08 2 Deduct reinsurance Fidelity 6175849 surety 7193958 totals 133698 07 3 Deduct return premiums on policies can celled Fidelity 13502373 surety 33219377 total 467217 50 4 Deduct premium on policies not taken Fidelity 5778223 surety 11611298 total 173895 21 5 Total deductions Fidelity 25456445 surety 520 24633 total 774810 78 6 Net premiums Fidelity 112910331 surety 1650 41399 total 2779517 30 22 Gross interest on mortgage loans 9762 50 23 Gross interest on collateral loans 330 80 24 Gross interest on bonds and dividends on stocks 182358 41 25 Gross interest on deposits in trust com panies and banks 17262 96 26 Gross interest from all other sources Collected on a salvage debt 188342 past due premiums 1939 past due rents 4800 total 1950 81 28 Total gross interest 211665 48 29 Gross rents from companys property in eluding 4380000 for companys occu pancy of its own buildings 315072 60 30 Total gross interest and rents 526738 08 31 From other sources Increase in liability for reinsurance 43611 99 37 Gross profit on sale or maturity of ledger assets viz Bonds 124048 stocks 247500 total 3715 48 38 Gross increase by adjustment in book value of ledger assets viz Eeal estate 313952 09 39 Total income 3667534 94918 ComptrollerGenerals Report IIIDisbursements 1 Gross amount paid for losses Fidelity 41851119 surety 55886298 total 2 Deduct reinsurance Fidelity 9052 surety 3002915 total 30119 67 3 Deduct Salvage Fidelity 13490159 surety 22309154 total 357993 13 4 Total deductions Fidelity 13499211 surety 253 12069 total 977374 17 3SS112 SO 5 Net amount paid policyliolders for losses Fidelity 283 51908 surety 30574229 total 589261 37 17 Investigation and adjustment of claims viz Fidelity 1847239 surety 2629925 total 44771 64 21 Outlays on unlisted assets as per schedule X 837 25 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 9808494 surety 20027420 total 298359 14 28 Salaries fees and all other compensation of officers directors trustees and home office employees 330973 52 29 Salaries traveling and all other expenses of agents not paid by commissions 765394 02 31 Inspections other than medical and claim 14295 88 32 Kents including 4380000 for companys occupancy of its own buildings 45902 50 33 Repairs and expenses other than taxes on real estate including rent of building leased for 99 years 189858 13 34 Taxes on real estate 7686 I 85 35 State taxes on premiums 39075 98 36 Insurance department licenses and fees 16887 36 37 All other licenses fees and taxes Federal corporation tax 479607 tax on increase of capital 125000 municipal taxes 427703 internal revenue taxes 377791 total 14101 01 42 Legal expenses 1964 91 43 Advertising 9142 16 44 Printing and stationery 33120 17 45 Postage telegraph telephone and express 38404 53 46 Furniture and fixtures 122s 08 47 Stockholders for interest or dividends amount declared during the year 2875000 00 17L Decrease in advance premiums 3078 18 48 Other disbursements Checks of other parties in process of collection Dec 31 1911Cashed 3164 50 49 Reference and guide books 143814 traveling expenses 844801 references 34345 law library 38930CoMPTROLLERGrEJJERAL s REPORT 919 petty expenses 311018 stock registration 25000 traveling auditors 156575 increase of capital 14595 surety association expenses 143931 Towner rating bureau 276499 collection fees 173820 Convention expenses 163568 total 23268 96 32 Investment expenses brokerage 294615 tax on invest ments 1400 total 2960 15 54 Gross loss on sale or maturity of ledger assets viz Bonds 1768000 stocks 1933750 37017 50 56 Total disbursements 5466283 85 1 VLedger Assets 1 Book value of real estate 1 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 192008882 and stocks 2 493575 13 5 Cash in companys office and agencies 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1912 Fidelity 10336679 surety 24307069 totals 346437 48 On policies or renewals issued prior to Oct 1 1912 Fidelity 1113181 surety 19492145 total 206053 26 3480000 00 195250 00 11026 36 4413663 95 7216 79 182147 81 626998 66 24 Totals 552490 74 30 Ledger assets 9468794 31 NonLedger Assets 31 Interest accrued on mortgages 1720 86 32 Interest accrued on bonds 20735 82 83 Interest accrued on collateral loans 148 o 34 Interest accrued on other assets Bank de posits Banco Central Mexicano Mexico City Mexico 83332 Banco le Tamau lipas Tuxpam Mexico 15000 Banco de Jalisco Jalisco Mexico 12500 The Molsons Bank Montreal Canada 15000 First National Bank Albuquer que New Mex 6667 total 9241 07920 ComptrollerGenerals Eeport 37 Rents due 800773 and aecrued 1 23334 on companys property or lease 9i241 07 42 Total 43 Gross assets 33171 59 Deduct Assets Not Admitted 9501965 90 49 Premiums in course of collection written prior to Oct 1 1912 206053 26 51 Book value of ledger assets over market value viz Bonds and stocks 212067 95 55 Special deposits to secure liabilities as per special deposit 596146 00 56 Total 57 Admitted assets 1014267 21 8487698 69 VLiabilities 2 Losses and claims reported or in process of adjustment Fidelity 14658868 surety 32491433 total 3 Losses and claims resisted Fidelity 14710514 surety 10597997 total 4 Total losses and claims Fidelity 29369382 surety 43089430 total 5 Deduct reinsurance Surety 6 Net unpaid claims except liability claims Fidelity 29369382 surety 41250321 total 7 Estimated expenses of investigation and adjustment of unpaid claims Fidelity 1500000 surety 1500000 total 8 Total losses and claims Fidelity 30869382 surety 42750321 total 0 19 Total unpaid claims and expenses of settlement 20 Gross premiums less reinsurance upon all unexpired excise risks written in New York State running one year or less from date of policy 8179764 un earned premiums seventyfive per cent 61348 23 471503 01 253085 11 72458 12 18391 09 700197 03 30000 00 736117 03 730197 03ComptrollerGenerals Report 921 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2752 48140 unearned premiums fifty per cent 1376240 70 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 386 15035 unearned premiums pro rata 221799 04 23 Total unearned premiums as shown by recapitulation 1659387 17 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Fidelity 1187361 surety 2064720 total 32520 81 29 Salaries rents expenses bills accounts fees etc due or accrued 12500 00 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 43551 46 35 Eeinsurance 46823 65 36 Advance premiums one hundred per cent 19820 85 37 Other liabilities viz Reserve for contingent expenses 4292800 checks of other parties in process of col lection 77753 total 43705 53 44 Total 2594507 30 45 Less liabilities secured by special deposits Unearned premiums 11967886 unpaid losses 5646535 176144 21 46 Total amount of all liabilities except capital 2418363 09 47 Capital actually paid up in cash 5000000 00 48 Surplus over all liabilities 106933560 49 Surplus as regards polieyholders 6069335 60 50 Total liabilities 8487698 69 Business in The State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Fidelity 1466746 surety 1114049 total 25807 95 dross losses paid Fidelity 227383 surety 12751 total 2401 34922 CompteolleeGexeeals Kepoet ATLANTIC HORSE INSURANCE COMPANY OF PROVIDENCE R I William E Tefft President Gaius W Hubbard Secretary Home Office 74 Weybosset St Providence E I H G Carnes Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 110000 00 2 Amount of ledger assets as per balance December 31 of previous year 179016 34 IIIncome 1 Gross premiums written and renewed during the year 60 00 6064 13 21128 49 5 Total deductions Live stock Live stock 2 Deduct reinsurance Live stockit 3 Deduct return premiums on policies can celled Live stock 4 Deduct premium on policies not taken Live stock 6 Net premiums Live stock 20 Policy fees required or represented by applications 22 Gross interest on mortgage loans 24 Gross interest on bonds and dividends on stocks less 59014 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 26 Cross interest from all other sources Interest on notes 29 Gross rents from companys property 698 20 705 94 103 78 8 35 544 50 30 Total gross interest and rents 37 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 39 Total income IIIDisbursements 5 Net amount paid policyholders for losses Live stock 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Live stock 96466 50 27252 02 69213 S3 67 00 7056 77 933 61 2125 00 79400 26 28251 53 20448 49ComptrollerGenerals Eeport 923 28 Salaries fees and all other compensation of officers directors trustees and home office employees 10805 58 29 Salaries traveling and all other expenses of agents not paid by commissions 3682 54 32 Rents 719 67 33 Repairs and expenses other than taxes on real estate 257 96 34 Taxes on real estate 45 00 35 State taxes on premiums 9C1 05 36 Insurance department licenses and fees 1634 36 42 Legal expenses 1177 14 43 Advertising 589 78 44 Printing and stationery 1479 33 45 Postage telegraph telephone and express 1416 31 46 Furniture and fixtures 610 05 48 Other disbursements Interest on R E mortgage 150 00 50 Veterinary service 2366 49 51 Medicines purchased 101 21 56 Total disbursements 74696 49 IVLedger Assets Book value of real estate 3251 93 Mortgage loans or real estate first liens 10900 00 Loans secured by pledge of bonds stocks or other col laterals 650 00 Book value of bonds 9032236 and stocks 26 84958 total 117171 94 Cash in companys office 1574 49 Deposits in trust companies and banks not on interest 2298 76 Deposits in trust companies and banks on interest 91 74 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Live stock 18542 62 On policies or renewals issued prior to October 1 1912 Live stock 5755 47 24 25 26 Total Bills receivable Other ledger assets viz Statistical records etc 24298 09 83 16 23400 00 30 Ledger assets 183720 11 XonLedger Assets 32 Interest due 66750 and accrued 1 11077 on bonds 1778 27 33 Interest due 3900 and accrued 401 on collateral loans 43 01924 ComptrollerGenerals Eeport 38 Market value of real estate over book value 548 07 39 Market value not including interest in item 32 of bonds and stocks over book value 6219 56 43 Gross assets 192309 02 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 5755 47 50 Overdue and accrued interest on bonds in default 373 33 55 Total 6128 80 56 Admitted assets 186180 22 VLiabilities 2 Losses and claims reported or in process of adjustment Live stock 4451 0 3 Losses and claims resisted Live stock 575 00 4 Total losses and claims Live stock 5026 00 6 Net unpaid claims except liability claims Live stock 5026 00 7 Estimated expenses of investigation and adjustment of unpaid claims Live stock 500 00 8 Total losses and claims 5526 00 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 7187267 unearned premiums fifty per cent 35936 34 23 Total unearned premiums as shown by recapitulation 35936 34 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Live stock 4220 56 29 Salaries rents expenses bills accounts fees etc due or accrued 71 50 30 Estimated amount hereafter payable foT federal state and other taxes based upon the business of the yeaT of this statement 1500 00 46 Total amount of all liabilities except capital 47254 40ComptrollerGenerals Report 925 47 Capital actually paid up in cash 110000 00 48 Surplus over all liabilities 28925 82 49 Surplus as regards policyliolders 138925 82 50 Total liabilities 186180 22 Business in The State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Live stock 559 50 Gross losses paid Live stock 50 0O CONTINENTAL CASUALTY COMPANY OF HAMMOND INDIANA H G B Alexander President Win H Betts Secretary Home Office Hammond Indiana General Office Chicago Illinois Wm A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 2229082 06 Extended at 2229082 06 IIIncome 1 Gross premiums written and renewed during the year Accident 310771802 health 80768096 total 3915398 98 2 Deduct reinsurance Accident 1167404 health 15370 total 11827 74 3 Deduct return premiums on policies can celled Accident 1674204 health 445041 total 21192 45 4 Deduct premium on policies not taken 070033 health 13165670 total 612357 03 5 Total deductions Accident 50911641 health 136 26081 total 645377 22 6 Net premiums Accident 259860161 health 671 42015 total 3270021 76 20 Policy fees required or represented by applications 139044 00926 ComptrollerGenerals Report 22 Gross interest on mortgage loans less 15267 accrued interest on mortgages acquired during 1912 36195 06 23 Gross interest on collateral loans 3900 00 24 Gross interest on bonds and dividends on stocks 21275 23 25 Gross interest on deposits in trust com panies and banks 560 59 26 Gross interest from all other sources Bills receivable 87 08 29 Gross rents from companys property 3497 50 30 Total gross interest and rents 65515 46 36 From agents balances previously charged off 665 81 38 Gross increase by adjustment in book value of ledger assets viz Bonds 1365 56 39 Total income 3476612 59 IIIDisbursements 1 Gross amount paid for losses Accident 107523147 health 31515747 total 139038894 2 Deduct reinsurance Accident 1086875 health 17377 total 11042 52 4 Total deductions Accident 1080S75 health 17377 total 5 Net amount paid polieyholders for losses Accident 106436272 health 31498370 total 17 Investigation and adjustment of claims viz Accident 2501353 health 396216 total 22 Policy foes retained by agents 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following saelses Accident 50772454 health 13470111 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 32 Pents 34 Taxes on real estate 35 State taxes on premiums 36 Insurance department licenses and fees 11012 52 1379346 12 28j975 69 1390H no 642425 65 357577 79 450920 78 14926 39 60246 84 296 66 52753 48 16170 49ComptrollerGeneral s Keport 927 37 Ail other licenses fees and taxes Federal corporation tax 60926 publication and filing fees 221190 county and municipal licenses and taxes 372500 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 47 Stackholders for interest or dividends amount declared during the year 48 Other disbursements General expense 3854320 Bank exchange 149979 total 53 Agents balances charged off 54 Gross loss on sale or maturity of ledger assets viz Bonds 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 56 Total disbursements 6546 16 45814 05 20387 26 38088 72 39130 19 60000 00 40042 99 29145 11 23 16 67 09 3421901 92 IVLedger Assets 1 Book value of real estate 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 27903292 and stocks 151 15000 total 5 ash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 64411773 health 4848197 total 692599 70 24 Total 24 Bills receivable 26 Other ledger assets viz Agents balances 11034741 furniture and fixtures 8886260 cash in hands of P Ms and Treas in transit 15373310 total 30 Ledger assets i NonLedger Assets 31 interest accrued on mortgages 8233 09 54147 41 558050 00 60000 00 430182 92 2831 70 13476 79 126990 65 692599 70 8878 94 352943 II 2283792 73928 ComptrollerGeneral s Report 32 Interest accrued on bonds 33 Interest accrued on collateral loans 5055 73 1200 00 37 Total 14488 82 38 Market value of real estate over book value 4727 59 43 Gross assets 2303009 14 Deduct Assets Not Admitted 44 Agents balances 110347 41 45 Bills receivable 8878 94 46 Furniture and fixtures 88862 60 51 Book value of ledger assets over market value viz Book value of bonds 279 03292 book value of stocks 151 15000 total 43018292 market value of bonds 25791606 market value of stocks 15497500 total 41289106 17291 86 55 Total 225380 81 56 Admitted assets 2077628 33 VLiabilities 1 Losses and claims reported it in process of admstnient Accident 12604701 health 1065654 total 136703 55 3 Losses and claims resisted Accident 5986000 health 172500 total 61585 00 4 Total losses and claims Accident 18590701 health 1238154 total I 5 Deduct reinsurance Accident 6 Net unpaid claims except liability claims Accident 18149701 health 1238154 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 85000 heaWh 15000 total 8 Total losses and claims Accident 182347 01 health 1253154 total 198288 55 4410 00 193878 55 1000 00 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year 194878 55 194878 55ComptrollerGenerals Report 929 or less from date of policy 1623 09640 unearned premiums fifty per eent 811548 20 23 Total unearned premiums as shown by recapitulation 811548 20 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident 10347270 health 1062015 total 114092 85 29 Salaries rents expenses bills accounts fees etc due or accrued 12341 22 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30000 00 35 Reinsurance 523 29 36 Advance premiums one hundred per eent 1654 05 37 Other liabilities viz Contingent reserve 150000 00 46 Total amount of all liabilities except capital 1315038 16 47 Capital actually paid up in cash 300000 00 48 Surplus over all liabilities 462590 17 49 Surplus as regards policyholders 762590 17 50 Total liabilities 2077628 33 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident 3536410 health 1360999 total 48974 09 Gross losses paid Accident 1275549 health 1037799 total 23133 48 THE COLUMBIAN NATIONAL LIFE INSUEANCE COMPANY OF BOSTON MASS Arthur E Childs President Wm Ft Brown Secretary Home office 77 Franklin St Boston Mass Alfred C Newell Attorney for Service in Georgia IIIncome 1 Gross premiums written and renewed during the year Accident 20317808 health 12130424 disability 549968 total 329982 00930 CompteolleeGeneeals Eepoet 2 Deduct reinsurance Accident 394733 health 158770 total 5535 03 3 Deduct return premiums on premiums can celled Accident 405438 health 254609 total 6600 47 4 Deduct premium on policies not taken Accident 5233627 health 3318517 total 85521 44 5 Total deductions Accident 6033798 health 3731896 total 6 Net premiums Accident 14284010 health 83 98528 disability 549968 total 20 Policy fees required or represented by applications 97656 94 232325 06 140 00 39 Total income 232465 06 IIIDisbursements 1 Gross amount paid for losses Accident 5444489 health 4034905 disability 30233 total 2 Deduct reinsurance Accident 121659 health 84622 total 5 Net amount paid policyholders for losses Accident 53 22830 health 3950283 disability 30233 total 17 Investigation and adjustment of claims viz Accident 306400 health 75937 total 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 4991428 health 2887430 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 31 Inspections other than medical and claim 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 39 Personal property tax 40 State and city licenses and fees 42 Legal expenses 43 Advertising 44 Printing and stationery 95096 27 2062 81 93033 46 3823 37 140 00 78788 58 22087 38 13039 92 709 00 473 00 5000 66 2596 72 1544 07 5 00 178 00 580 00 1697 10 6322 87ComptbollebGeneeals Eeport 931 45 Postage telegraph telephone and express 46 Furniture and fixtures 48 Other disbursements Exchange 50 Home office expense 51 Home office traveling 56 Total disbursements 2431 94 633 79 72 18 2520 09 1937 14 237614 27 IVLedger Assets 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 21 46691 health 1073345 totals On policies or renewals issued prior to October 1 1912 Accident 184822 health 92411 total 32200 36 2772 33 24 Total Deduct Assets Not Admitted 49 Premiums in course of collection written prior to October 1 1912 VLiabilities 2772 33 1 Losses and claims adjusted Accident 27400 health 54857 totali 2 Losses and claims reported or in process of adjustment Accident 1318044 health 709039 total 3 Losses and claims resisted Accident Total losses and claims Accident 3013444 health 7 07781 total 20 Total unpaid claims and expenses of settlement3 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 18035982 unearned premiums fifty per cent 90179 92 34972 69 822 57 2027083 16500 00 4 Total losses and claims Accident 2995444 health 763896 total 37593 40 6 Net unpaid claims except liability claims Accident 2963444 health 700781 total 36642 25 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 500 00 37142 25 37142 25 23 Total unearned premiums as shown by recapitulation 90179 92932 ComptrollerGenerals Keport 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident 639910 health 319955 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Reinsurance 36 Advance premiums one hundred per cent 38 Unarmed disability premiums 50 per cent 50 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or re newed during the year Accident 577573 health 301477 total Gross losses paid Accident 140476 health 172365 total 9598 65 592 18 3677 52 1025 00 191 57 2749 84 145156 93 8790 50 3128 41 THE EMPLOYEES INDEMNITY COMPANY OF PHILADELPHIA PA Frank R Tobey President Frevanion B Dallas Secretary Home Office 8 W Cor Fourth and Walunt St Philadelphia Pa ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 828610 98 Extended at 828610 98 IIIncome 1 Gross premiums written and renewed during the year Liability 2 Deduct reinsurance Liability 481 03 3 Deduct return premiums on premiums can celled Liability 27063 88 4 Deduct premium on policies not taken Liability 342280 47 1092767 25 Total deductions Liability 369825 38 6 Net premiums Liability 722941 87ComptrollerGeneral s Keport 933 22 Gross interest on mortgage loans 6724 20 24 Gross interest on bonds and dividends on stocks 18409 98 25 Gross interest on deposits in trust com panies and banks 252 24 26 Gross interest from all other sources Interest received on mortgages sold during 1912 38634 amount expended in settlement of claims 8859 less amount received in settlement of claims 2696 total 6163 grand total 324 71 29 Total 38 Gross increase by adjustment in book value of ledger assets viz Bonds 39 Total income IIIDisbursements 1 Gross amount paid for losses Liability 397150 69 25711 15 837 48 749490 50 397150 69 140749 50 73295 35 5 Net amount paid policyholders for losses 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Liability 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions small and included in No 45 30 Medical examiners fees and salaries 31 Inspections other than medical and claim 32 Rents including 638721 for companys occupancy of its own buildings 35 State taxes on premiums 36 Insurance department licenses and fees 42 Legal expenses 43 Advertising printing and stationery 44 Printing and stationery included in No 43 45 Postage telegraph telephone and express general ex pense 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 49 Traveling expenses 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 56 Total disbursements 741606 01 2011 23 382 00 6387 21 6593 26 4854 98 58062 29 4831 04 15787 78 1430 41 8000 00 18105 79 3964 48 934 ComptrollerGenerals Report IVLedger Assets S Mortgage loans or real estate first liens 162800 00 4 Book value of bonds 36157423 and stocks 38 47575 total 400049 98 5 Cash in companys office 3745 86 6 Deposits in trust companies and banks not on interest 1008 79 7 Deposits in trust companies and banks on interest 31130 95 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Liability 188265 56 On policies or renewals issued Prior to October 1 1912 Liability 48121 53 24 Total 25 Bills receivable 26 Other ledger assets viz Commissions receivable 30 Ledger assets NonLedger Assets 31 Interest due 23900 and accrued 1 98314 on mortgages 2222 14 32 Interest due 115600 and accrued 5 10533 on bonds 6261 33 34 Interest accrued on other assets 624 16 35 Total 37 Rents 40 Other nonledger assets viz Furniture and fixtures 43 Gross assets Deduct Assets Not Admitted 45 Bills receivable t 46 Furniture and fixtures 49 Premiums in course of collection written prior to Oct 1 1912 51 Book value of ledger assets over market value 52 Total 56 Admitted assets 321 03 5048 78 48121 53 16114 53 69605 87 236387 09 321 03 1051 70 836495 47 9107 63 5048 78 850651 88 781046 01ComptrollerGenerals Report 935 VLiabilities 17 Special reserve for liability losses and claims 104498 18 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 63599641 unearned premiums fifty per cent 317998 21 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 59 68895 unearned premiums pro rata 17796 93 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Liability 29 Salaries rents expenses bills accounts fees etc due or accrued 34 Return premiums 36 Advance premiums one hundred per cent 38 Special contingent reserve 46 Total amount of all liabilities except capital 47 Capita actually paid up in cash 100000 00 48 Surplus over all liabilities 167673 93 49 Surplus as regards policyholders 50 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or re newed during the year Liability Gross losses paid Liability 104498 18 335795 14 39566 13 5858 68 3682 80 349 06 23622 09 513372 08 267673 93 781046 01 11208 92 3691 00 UNITED STATES BRANCH OF THE EMPLOYERS LIABILITY ASSURANCE CORPORATION LTD OF LONDON ENGLAND United States office 33 Broad St Boston Mass United States Manager Samuel Appleton ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 5996519 54 4 Extended at 5996519 54936 ComptrollerGenerals Report IIIncome 7 Total Premiums other than perpetual written 6446755 96 11 Gross interest on bonds and dividends on stocks less 994325 accrued interest on bonds acquired during 1912 198543 26 12 Gross interest on deposits in trust com panies and banks 158 51 13 Gross interest from all other sources 1625 50 14 Total 25 From agents balances previously charged off 27 Gross increase by adjustment in book value of ledger assets viz Bonds 200318 27 107 99 1387 50 28 Total income 6648569 75 IIIDisbursements 3 Net amount paid polieyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Medical examiners fees and salaries 7 Salaries and expenses of special and general agents 8 Salaries fees and all other charges of officers disectors trustees and home office employees 9 Rents 10 Advertising 1544114 printing and supplies stationery 4200690 total 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Remitted to Head office 17 Inspections 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 2332 58 County and municipal taxes and fees 5516 88 Publication of statement 679 76 Miscellaneous 234 40 Investment expen Total 23 Other disbursements ses 25 Miscellaneous 26 Profit and loss investment account 2419930 91 494930 23 1490555 86 178 00 4644 s 97 113480 35 14090 67 57448 04 23970 31 8035 74 4320 76 217467 31 72284 98 94542 78 9732 44 581 17 15781 11 12750 00 8763 62 27 Total 29112 28ComptrollerGenerals Report 937 38 Agents balances charged off 294 32 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 46222 55 4J Total disbursements 5 igj giQ 12 IVLedger Assets 4 Book value of bonds 58I9922 50 5 Cash in companys office 6gg 90 6 Deposits in trust companies and banks not on interest 2610 10 7 Deposits in trust companies and banks on interest 280 34 8 Cash deposited with Trustees with KidderPeabody Co on interest 37 182 32 8 Agents balances representing business written subsequent to Oct 1 912iji 1526365 97 9 Agents balances representing business written prior to Oct 1 1912 106228 01 10 Total 1632593 98 16 Total ledger assets 7 493 979 14 NonLedger Assets 18 Interest accrued on bonds 78480 79 30 Gross assets 7571759 93 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1912 106228 01 41 Total admitter assets 7 455 531 go VLiabilities 6 Net amount of unpaid losses and claims 1852 311 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 511673275 unearned premiums fifty per eent 2558366 37 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired938j ComptkollebGenekals Eeport fire risks running more than one year from date of policy 54868639 un earned premiums pro rata 285115 22 y 18 19 20 26 29 30 1 2 4 5 Total 2843481 59 Salaries rents expenses bills accounts fees etc due or accrued 50000 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 75000 00 Commissions brokerage and other charges due or to be come due to agents and brokers 400196 10 Total amount of all liabilities except capital 5220098 69 Surplus as regards policyholders 2244543 23 Total liabilities 7465531 92 VIRisks and Premiums in force on the 31 day of December as per line 5 under this heading in last years statement 4432217 02 Written or renewed during the year per income No 5 77196S0 15 Total 12151897 17 Deduct those expired and marked off as terminated 6483011 92 In force at the end of the year 5668885 25 Deduct reinsurance schedule required 3466 11 Net amount in force 5665419 14 Business in the State of Georgia During the Year 29 Gross premiums on risks written Less return premiums Net premiums received Net losses paid Net losses incurred 29290 65 13500 34 15790 31 26911 26 22596 26 EQUITABLE CASUALTY COMPANY OF ATLANTA GEORGIA Judge John S Candler President H L nix Jr Asst Secretary Shepard Boyd General Counsel TCapital Stock 1 Amount of capital paid up in cash 109050 00ComptrollerGenerals Report 939 2 Amount of ledger assets as per balance December 31 of previous year 144017 67 3 Decrease of paid up capital during the year 1650 00 Extended at 142367 67 IIIncome 1 Gross premiums written and renewed during the year Accident 1013622 health 760429 liability 11 02985 plate glass 361614 steam boiler 8800 burglary and theft 173807 auto property damage 359745 industrial 2100150 total 2 Deduct reinsurance Accident 262583 health 175121 liability 2380 burglary and theft 30460 total 4705 44 3 Deduct return premiums on policies can celled Accident 265173 health 2 06094 liability 504385 plate glass 73197 steam boiler 12240 burglary and theft 30486 Sprinkler 4550 auto property damage 246428 indus trial 17525 total 13600 78 58811 52 Total deductions Accident 527756 health 381215 liability 506765 plate glass 73197 steam boiler 12240 burglary and theft 60946 sprinkler 4550 auto property damage 246428 industrial 17525 total 18306 22 6 Net premiums Accident 485866 health 379214 liability 596220 plate glass 288417 burglary and theft 13 2861 auto property damage 113317 industrial 2082625 total 40505 30 24 Gross interest on bonds and dividends on stocks 5010 00 26 Gross interest from all other sources interest on premium notes 45 93 Interest on stock notes 793 09 30 Total gross interest and rents 5 g49 02 31 From other sources Bank 8000 00 39 Total income 54354 3L940 ComptrollerGenerals Keport IIIDisbursements 1 Gross amount paid for losses Accident 210563 health 394808 liability 785746 plate glass 144667 burglary and theft 191442 industrial health 6 45889 Accident 457904 auto property damage 141396 total 2 Deduct reinsurance Accident 85847 health 106675 total 1925 22 3 Deduct salvage Plate glass 10 00 4 Total deduction Accident 85847 health 106675 plate glass 1000 total 5 Net amount paid polieyholders for losses Accident 1 24716 health 288133 liability 785146 plate glass 143667 burglary and theft 191442 indus trial health 645889 accident 457904 auto prop erty damage 141396 total 17 Investigation and adjustment of claims viz liability 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 158784 health 142886 liability 233134 plate glass 89122 steam boiler 140 burglary and theft 35125 auto property damage 65445 industrial 476940 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 31 Inspections other than medical and claim 32 Rents 35 State taxes on premiums 37 All other licenses fees and taxes Municipal taxes 40 Advance to agents 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 48 Other disbursements 49 Directors compensation 50 Sundry expense 51 Exchange 52 Discounts 56 Total disbursements 29718 15 1935 22 27782 93 598 87 5423 85 10213 94 1752 54 218 50 43 65 1766 59 879 47 650 65 2383 96 1200 46 1112 34 1191 20 727 25 293 15 26 06 666 02 50 18 100 50 63664 32ComptbolleeGenebals Report 941 IVLedger Assets 4 Book value of bonds 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 1 74824 health 102045 plate glass 46841 burglary and theft 20750 pay roll adjustments 43225 total 387585 On policies or renewals issued Prior to October 1 1912 Accident 111752 health 35704 liability 24403 plate glass 5395 burglary and theft 2950 auto property damage 3025 pay roll adjustments 1500 total 1847 56 24 Total 25 Bills receivable 30 Ledger assets NonLedger Assets 32 Interest accrued on bonds 1577 50 25 Net due on stock and premium notes 602 14 37 Rents due on companys lease 12 50 40 Other non ledger assets viz 41 Furniture fixtures printing and stationery 6655 66 42 Agents debit balances 1832 57 43 Gross assets Deduct Assets Not Admitted 45 Bills receivable 382 75 46 Furniture and fixtures 1758 30 47 Supplies printed matter and stationery 4897 36 49 Premiums in course of collection written prior to October 1 1912 1847 56 51 Book value of ledger assets over market value viz agents debit balances 1832 57 56 Admitted assets 112882 95 1667 14 640 40 5723 41 12143 77 133057 67 143738 04 133019 50942 ComptrollerGenerals Eeport VLiabilities 1 Losses and claims adjusted Accident 124716 health 288133 plate glass 143667 burglary and theft 191442 auto property damage 141396 industrial health 645889 industrial accident 457904 total 19931 47 2 Losses and claims reported or in process of adjustment Accident 53749 health 39425 plate glass 27545 burglary and theft 31650 industrial health 31901 industrial accident 54481 total 2387 57 4 Total losses and claim Accident 178465 health 3 27558 plate glass 171212 burglary and theft 2 23092 auto property damage 141396 industrial health 677790 industrial accident 512385 total 22218 98 5 Deduct reinsurance Accident 625 health 16961 total 175 86 6 Net unpaid claims except liability claims Accident 53124 health 22464 plate glass 27545 burglary and theft 31650 industrial health 31901 industrial accident 54481 total 2211 65 7 Estimated expenses of investigation and adjustment of unpaid claims Health 50 00 8 Total losses and claims Accident 53124 health 27464 plate glass 27545 burglary and theft 31650 industrial health 31901 industrial accident 54481 total 2261 65 17 Special reserve for unpaid liability losses 1200 00 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1425834 unearned premiums fifty per cent 7129 15 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 184651 unearned premiums pro rata 722 73 23 Total unearned premiums as shown by recapitulation 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 32 Due and to become due for borrowed monev 3461 65 7851 88 329 16 120 35 5000 toComptrollerGenerals Report 35 Reinsurance 37 Other liabilities viz 38 Agents credit balances 39 Commissions due agents 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 109050 00 48 Surplus over all liabilities 4319 07 49 Surplus as regards policyholders 50 Total liabilities 943 2138 47 159 08 589 84 19650 43 113369 07 133019 50 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or re newed during the year Accident 417845 health 3 26240 liability 512749 iplate glass 2480i39 burglary and theft 97060 automobile property dam age 97453 industrial 1704184 total Gross losses paid Accident 97103 health 155991 liability 226178 plate glass 75139 burglary and theft 111236 automobile property damage 1217 87 industrial 784772 total 34035 40 15722 06 EQUITABLE SURETY COMPANY OF ST LOUIS MISSOURI James E Smith President Walter H West Treasurer Home Offffice St Louis Missouri T L Riley 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 1346663 22 Extended at 1346663 22 IIIncome 1 Gross premiums wrritten and renewed during the year Fidelity 24828965 surety 34207819 total 590367 84 2 Deduct reinsurance Fidelity 1723386 surety 2544641 total 42680 27944 ComptrollerGenerals Eeport 3 Deduct return premiums on premiums can celled Fidelity 2812745 surety 2925311 total 57380 56 5 Total deductions Fidelity 4536131 surety 5469952 total 6 Net premiums Fidelity 20292834 surety 287 37867 total 22 Gross interest on mortgage loans 2000 00 24 Gross interest on bonds and dividends on stocks less 312047 accrued interest on bonds acquired during 1912 53584 18 25 Gross interest on deposit in trust com panies and banks 21 79 25 26 Gross interest from all other sources N Y Excise 239 46 30 Total gross interest and rents 37 Gross profit on sale or maturity of ledger assets viz Bonds 100060 83 490307 01 58002 89 5773 04 39 Total income 554082 94 IITDisbursements 1 Cross amount paid for losses Fidelity 2900694 surety 5718584 total 3 Deduct Salvage Fidelity 619264 surety 103030 total 7222 91 4 Total deductions Fidelity 619204 surety 103030 total 5 Net amount paid policyholders for losses Fidelity 22 81430 surety 5610554 total 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Fidelity Surety 28 Salaries tees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 31 Inspections other than medical and claim 32 Rents 35 State taxes en premiums 36 Insurance departmen licenses and fees 86142 78 7222 94 78919 84 28806 15 50484 55 69522 32 82275 25 2207 99 3495 44 4103 26 50S7 05ComptrollerGenerals Keport 945 37 All other licenses and fees and taxes 40 City and state taxes 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 48 Other disbursements 49 New York Excise 50 General expenses 10551 04 4397 39 51 Total 56 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 4 Book value of bonds 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Fidelity 52 52510 surety 7558490 total On policies or renewals issued Prior to October 1 1912 Fidelity 375150 surety 539850 total 128110 00 9350 00 17088 01 6224 50 2607 49 12491 64 5712 53 14948 43 383974 45 40000 00 1137712 15 2883 66 43010 64 133000 29 24 Ttal 137200 00 26 Other ledger assets viz New York Excise cash in banks 22904 97 30 Ledger assets 1516771 71 NonLedger Assets 500 00 31 1 nterest on mortgages 32 Interest due 125000 and accrued 10 53125 on bonds 35 Adj of accrued int 11781 25 127 75 36 Total 40 Other non ledger assets viz 41 Accounts collectable 42 Furniture and fixtures 12409 00 3136 60 6285 57 Total 122 17946 ComptrollerGenerals Report Deduct Assets Not Admitted 45 Bills receivable 46 Furniture and fixtures 49 Premiums in course of collection written prior to October 1 1912 51 Book value of ledger assets over market value viz Bonds 3136 60 6285 57 9150 00 9986 90 55 Total 2855907 56 Admitted assets 1510043 81 VLiabilities 1 Losses and claims adjusted Fidelity 73238 surety 31482 total 2 Losses and claims reported or in process of adjustment Fidelity 689638 surety 2758043 total 3 Losses and claims resisted Surety 4 Total losses and claims Fidelity 762876 surety 39 54255 total I Estimated expenses of investigation and adjustment of unpaid claims Fidelity 25000 surety 90000 8 Total losses and claims Fidelity 787876 surety 40 44255 total 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 451 09125 unearned premiums fifty per cent 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 31 13102 unearned premiums pro rata 234137 09 19084 69 23 Total unearned premiums is shown by recapitulation 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Fidelity 13131 28 Surety 1889610 total 29 Salaries rents expenses bills accounts fees etc due or accrued 1047 20 34476 81 11647 30 47171 31 1150 00 48321 31 48321 31 2o3221 78 32027 38 2928 66ComptrollerGenerals Eeport 947 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 7296 22 35 Reinsurance 7173 79 46 Total amount of all liabilities except capita 350969 14 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities 159074 67 49 Surplus as regards policyholders 1159074 67 50 Total liabilities 1510043 81 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or re newed during the year Fidelity 38534 surety 69313 total 1078 47 FEDERAL CASUALTY COMPANY OF DETROIT MICH V D Cliff President L F Daily Secretary 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 331131 67 Extended at 331131 67 11Income 1 Gross premiums written and renewed during the year Accident and health 345 997 pj 3 Deduct return premiums on premiums can celled Accident and health 517 08 5 Total deductions Accident and health 517 08 6 Net premiums Accident and health 345 410 83 20 Policy fees required or represented by applications esti matei 36302 00948 ComptrollerGenerals Report 24 Gross interest on bonds and dividends on stocks less 61039 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 15340 29 21 95 27 Total 30 Total gross interest and rents 81 From other sources From Union Nat Bk Columbus 0 37 Gross profit on sale or maturity of ledger assets viz Bonds 38 Gross increase by adjustment in book value of ledger assets viz Bonds 39 Total income IIIDisbursements 1 Gross amount paid for losses Accident an d health 5 Net amount paid policyholders for losses Accident and health 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation tax 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements 49 Office supplies 50 General expenses 53 Agents balances charged off 15362 24 15362 24 253 12 225 00 500 00 398053 19 144392 99 144392 99 36139 26 64937 96 22482 52 27876 82 1199 66 7541 92 6815 48 2288 94 450 14 410 73 1548 35 4331 85 6400 30 122 70 20000 00 303 86 1156 32 95 34ComptrollerGenerals Report 949 54 Gross loss on sale or maturity of ledger assets viz Bonds 6800 00 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 721 20 56 Total disbursements 356016 34 IVLedger Assets 4 Book value of bonds 32750000 and stocks 4300000 total 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 30 Ledger assets 370500 00 1573 64 1094 88 373168 52 NonLedger Assets 32 Interest accrued on bonds 6296 51 39 Market value not including interest in item 32 of bonds and stocks over book value 69620 00 43 Gross assets 380161 23 Deduct Assets Not Admitted 56 Admitted assets 380161 23 VLiabilities 2 Losses and claims reported or in process of adjustment Accident and health 458 claims pending at close of year 1911 arranged 4525 each so we estimate 458 claims at 4525 each 20724 50 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident and health 3000 00 29 Salaries rents expenses bills accounts fees etc due or accrued 500 00 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 6500 00 31 Dividends declared and unpaid to stockholders 10000 00 36 Advance premiums one hundred per cent 6697 01 46 Total amount of all liabilities except capital 47421 51950 ComptrolleeGenebals Eepoet 47 Capita actually paid up in cash 48 Surplus over ail liabilities 200000 00 132739 72 49 Surplus as regards policyholders 332739 72 30 Total liabilities 380161 23 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or re newed during the year Accident and health 7155 17 Gross losses paid Accident and health 6260 08 THE FIDELITY AND CASUALTY COMPANY OF NEW YORK Robert 1 Hillas President Theodore E Gaty Secretary 9294 Liberty Street and 97103 Cedar Street New York City Eugene Oberdorfer Attorney for Service in Georgia TCapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 10451838 07 Extended at 10451838 07 IIIncome 1 Gross premiums written and renewed during the year Accident 277811644 health 175766536 liability 428536981 fidelity 31S23f4i surety 27451515 plate glass 61458996 steam boiler 60366831 burglary and theft 69748535 fly wheel 9874420 auto property and team property damage 5829823 workmens collective 1114282 total 2 Deduct reinsurance Accident 23461463 health 8796634 liability 81359 fidelity 2457207 surety 3517099 plate glass 89403 steam boiler 46 00039 burglary and theft 4601632 total 3 Deduct return premiums on premiums can celled Accident 5536369 health 3172964 liability 18880084 fidel 11497831 09 176048 364 ComptrollerGenerals Eeport ity 3499746 surety 949285 plate glass 1962188 steam boiler 41 35298 burglary and theft 2654624 fly wheel 768596 auto and teams property damage 121511 workmens collective 312812 total 419934 77 Deduct premium on policies not taken Accident 61596401 health 429 74311 liability 70709487 fidelity 3417851 surety 3311697 plate glass 14543500 steam boiler 109 40362 burglary and theft 12653107 fly wheel 1464828 auto and team property damage 1175101 workmens collective 299121 total 2230857 66 951 5 Total deductions Accident 90594233 health 549 43909 liability 89690930 fidelity 9374804 surety 7 778081 plate glass 16595091 steam boiler 19675699 burglary and theft 19909363 fly wheel 2233424 auto and teams property damage 12 96612 workmens collectice 611933 total 3126840 79 6 Net premiums Accident 187217411 health 1208 22627 liability 338866051 fidelity 22448742 Surety 19673434 plate glass 44863905 steam boiler 40691132 burglary and theft 49839172 fly wheel 7640996 auto and teams property damage 4533211 workmens collective 502349 total 8370990 30 23 Gross interest on collateral loans 809 38 24 Gross interest on bonds and dividends on stocks less 859992 accrued interest on bonds acquired during 1912 364931 20 25 Gross interest on deposits in trust com panies and banks 2967 07 29 Gross rents from companys property in cluding 10374804 for companys occu pancy of its own buildings 127454 33 30 Total gross interest and rents 1039S0 72 31 From other sources 32 Suspense account 2115 23 33 Munich reinsurance eompan reserve re tained under contract 85445 38 34 Fidelity insurance fund subscriptions from agents and employees 1129 17952 ComptrollerGenerals Report 35 Profit and loss account 246 35 A all other 13280 135 26 Total 88825 04 36Prom agents balances previously charged off 2632 07 37 Gross profit on sale or maturity of ledger assets viz Stocks 9475 00 38 Gross increase by adjustment in book value of ledger assets viz Bonds 20250 00 39 Total income 8996153 13 IIIDisbursements 1 Gross amount paid for losses Accident 116894636 health 59583973 liability 141605019 fidelity 15126715 surety 94760 07 plate glass 175 66004 steam boiler 6213173 burglary and theft 26170427 fly wheel 380242 auto and teams property damage 940717 workmens collective 5 56026 total 3945129 39 2 Deduct reinsurance Accident 30490971 health 34265 41 fidelity 2205122 surety 238217 plate glass 8113 Steam boiler 868210 burglary and theft 1484050 total 382447 90 3 Deduct salvage Liability 3712448 fidelity 3443341 surety 4773426 plate glass 667527 steam boiler 75187 burglary and theft 783839 workmens collective 10397 total 13466 65 4 Total deduction Accident 30490971 health 34 26541 liability 3712448 fidelity 5648463 surety 4535209 plate glass 675640 steam boiler 9 43397 burglary and theft 22678 89 workmens collective 10397 total 517109 55 5 Net amount paid policyholders for losses Accident 86403665 health 56157432 liability 137892571 fidelity 9478252 plate lass 16890364 steam boiler 5269776 burglary and theft 23902538 fly wheel 380242 auto property damage 940717 surety 4942798 workmens collective 545629 17 Investigation and adjustment of claims viz Accident 6340400 health 4117428 liability 38454226 fidelity 1376585 surety 688292 plate glass 13 02184 steam boiler 571564 burglary and theft 3428019 24ComptrollerGenerals Report 953 23 29 30 31 32 33 34 35 36 37 39 40 41 2695680 fly wheel 77059 auto and teams property damage 188858 workmens collective 92299 total Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 64531095 health 39290139 liability 72368426 fidelity 4473148 surety 33 81747 plate glass 13143105 steam boiler 85 34473 burglary and theft 13203029 fly wheel 17 57661 auto and teams property damage 719288 workmens collective 219021 total Salaries fees and all other compensation of officers directors trustees and home office employees Salaries traveling and all other expenses of agents not paid by commissions Medical examiners fees and salaries Inspections other than medical and claim Eents 15668898 including 10374804 for companys occupancy of its own buildings less 2962435 in cluded in items 1721 and 4925539 included in item 29 Bepairs 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 City taxes 46679 39a city fees 833768 8804 47 County taxes 51 07 County fees 132 45 559045 75 Total 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements 49 Exchange and Collection fees 233294 subscriptions 70706 interest 234803 5388 03 50 Fire insurance premiums 126295 office maintenance and supplies 424765 51 Munich Eeinsurance Co reserve released under contract 6047931 suspense account 113763 5510 60 2216211 32 527997 05 511633 94 11032 93 246813 57 78006 24 50953 16 22477 76 134043 61 17670 58 8987 99 2502 75 3845 06 83718 85 30524 83 13479 40 200000 00 61616 94954 ComptrollerGenerals Keport 52 Fidelity insurance fund refund of sub scriptions 3796 profit and loss 46100 sundries 895120 total 9450 16 Total 81865 73 53 Agents balances charged off 1151 00 54 Gross loss on sale or maturity of ledger assets viz Bonds 1753 60 55 Gross decrease by adjustment in book value of ledger Real estate 5000 00 56 Total disbursements 8236834 96 IVLedger Assets 1 Book value of real estate 1402250 77 3 Loans secured by pledge of bonds stocks or other col laterals 100000 00 4 Book value of bonds 405646245 and stocks 3656 21849 total 7712680 94 5 Cash in companys office 10004 93 1 6 Deposits in trust companies and banks not on interest 119048 71 7 Deposits in trust companies and banks on interest 191118 85 8 Premiums in course of collection vi On policies or renewals issued on or after October 1 1912 Accident 157 73087 health 33879896 liability 48915725 fidelity 2336276 surety 1508960 plate glass 6626284 steam boiler 8949057 burglary and theft 7260425 fly wheel 1578196 auto mobile and teams property damage 9 S0914 workmens collective 209297 total 1280181 17 On policies or renewals issued Prior to October 1 1912 Accident 3788390 health 3037929 liability 12613719 fidelity 3095670 surety 1848990 plate glass 484919 steam boiler 7 35307 burglary and theft 388145 fly wheel 76151 automobile and teams property damage 112660 workmens collective 24243 total 262061 23 24 Total 25 Bills receivable 26 Other ledger assets viz 27 Agents balances and sundry ledger assets 1542242 40 7250 00 58037 99ComptrollerGenerals Eeport 955 28 Equity in funds of the Excise Reinsuranee Association 65953 12 29 Equity in funds of the Workmens Com pensation and Inspection Bureau 2568 53 Total 126559 64 30 Ledger assets 11211156 24 NonLedger Assets 32 Interest accrued on bonds 55732 37 33 Interest accrued on collateral loans 1098 60 35 Interest on deposit in National Bank of Commerce New York N Y 306 20 36 Interest on depost in Bank of New York N Y 327 51 37 Bents accrued on eompanys property or lease 70 00 Total 57534 68 39 Market value not including interest in item 32 of bonds and stocks over book value 209616 72 43 Gross assets 11478307 64 Deduct Assets Not Admitted 45 Bills receivable 7250 00 49 Premiums in course of collection written prior to Oct 1 1912 262061 23 51 Book value of ledger assets over market value viz Agents balances and sundry ledger assets 58037 99 54 Equity in funds of the Workmens Com pensation and Inspection Bureau 2568 53 55 Total 329917 75 56 Admitted assets 11148389 89 VLiabilities 1 Losses and claims adjusted All adjusted losses have been paid If paid by check amount of check has been deducted from bank balances If paid by draft loss remains under 2 until draft is paid 2 Losses and claims reported or in process of adjustment Accident 22212152 health 17373462 fidelity956 ComptrollerGenerals Report 7962602 surety 5092394 plate glass 1544144 Steam boiler 1549500 burglary and theft 74 89400 fly wheel 335000 workmens collective 250000 total Losses and claims resisted Accident 10795000 health 505000 fidelity 2514080 surety 291552 steam boiler 990000 burglary and theft 1629500 total Total losses and claims Accident 33097152 health 17878462 fidelity 10476682 surety 5383946 plate glass 1544144 steam boiler 2539500 burg lary and theft 9118900 fly wheel 335000 work men s collective 250000 total Deduct reinsurance Accident 57050 fidelity 2001734 surety 100000 total 638086 54 167251 32 805337 86 21587 84 6 Net unpaid claims except liability claims Accident 32950102 health 17878462 fidelity 8474948 surety 5283946 plate glass 1544144 steam boiler 2539500 burglary and theft 9118900 fly wheel 335000 workmens collective 250000 totals 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 1100000 health 900000 fidelity 325000 surety 400000 plate glass 150000 steam boiler 100000 burglary and theft 450000 fly wheel 25000 workmens collective 17500 total 783750 02 34675 00 8 Total losses and claims Accident 34050102 health 18778462 fidelity 8799948 surety 5683946 plate glass 1694144 steam boiler 2639500 burg lary and theft 9568900 fly wheel 360000 work men s collective 267500 total 818425 02 17 Special reserve for unpaid liability losses 1486449 96 20 Total unpaid claims and expenses of settlement 2304874 98 20 Gross premiums less reinsurance upon all unexpired excise risks written in New York State running one year or less from date of policy 7487221 unearned premiums seventyfive per cent 56154 16 21 Grose premiums less reinsurance upon all unexpired risks running one year or less from date of policy 7443 83792 unearned premiums fifty per ct 3721918 96ComptbolleeGenebals Repobt 957 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1933 59548 unearned premiums pro rata 958549 05 23 Total unearned premiums as shown by recapitulation 4736622 17 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident 5422787 health 11298945 liability 10241199 fidelity 432445 surety 255769 plate glass 1913008 steam boiler 1959843 burglary and theft 19 16026 fly wheel 355883 auto and team property damage 216292 workmens collective 43241 total 340554 38 29 Salaries rents expenses bills accounts fees etc due or accrued 1419 67 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 128370 91 35 Reinsurance 22123 98 37 Other liabilities viz 38 Reserve for contingencies 250000 00 39 Fidelity insurance fund 10965 70 40 Unearned premiums retained under con tract with Munich Reinsurance Co 67070 05 41 Suspense account 4686 81 42 AH other 417 20 45 Total 333139 76 46 Total amount of all liabilities except capital 7867105 85 47 Capita actually paid up in cash 1000000 00 48 Surplus over all liabilities 2281284 04 49 Surplus as regards policyholders 3281284 04 50 Total liabilities 11148389 89 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or re newed during the year Accident 3621685 health 2995544 liability 1776692 fidelity 99469 surety 6325 plate glass 414502 steam boiler 5 13594 burglary and theft 471584 fly wheel 1 14954 total 94143 49958 ComptrollerGenerals Report Gross losses paid Accident 1577121 health 1731333 liability 252774 fidelity 75987 plate glass 1 27855 steam boiler 116730 burglary and theft 2 13506 total 40953 16 FIDELITY AND DEPOSIT COMPANY OF BALTIMORE MARYLAND Edwin Warfiield President Eobt S Hart Secretary ICapital Stock 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balanee December 31 of previous year 8345096 21 Extended at 8345096 21 IIIncome 1 Gross premiums written and renewed during the year Accident 23185721 health 410918119 liability 200193552 fidelity 95861660 surety 183798593 plate glass 29363070 burglary and theft 134 62634 auto property damage 17370516 workmens collective 1834454 total 5759883 19 2 Deduct reinsurance Accident 1239187 health 558605 liability 879048 fidelity 2818925 surety 7911285 plate glass 51338 burglary and theft 2010051 auto property damage 92765 total 155612 04 Deduct return premiums on policies can celled Accident 498375 health 2 97574 liability 9792450 fidelity 12217006 surety 14383863 plate glass 1204552 burglary and theft 436133 auto property damage 16 52490 workmens collective 90524 total 4 Deduct premium on policies not taken Accident 4642396 health 24 54521 liability 37032499 fidelity 852086 surety 3186951 plate glass 6383234 burglary and theft 19 11502 auto property damage 37 3 405729 67ComptrollerGenerals Report 959 77814 workmens collective 47108 total 607120 91 5 Total deductions Accident 6379958 health 3310700 liability 47703997 fidelity 15888017 surety 25482099 plate glass 7639124 burglary and theft 4357686 auto property damage 5523069 work men s collective 561612 total 1168462 62 6 Net premiums Accident 16805763 health 7607419 liability 152489555 fidelity 79973643 surety 1 58316494 plate glass 21723946 burglary and theft 9104948 auto property damage 11847447 work mens collective 1272842 total 4591420 57 21 Inspections 1627 23 23 Gross interest on collateral loans 2000 00 24 Gross interest on bonds and dividends on stocks less 43667 accrued interest on bonds acquired during 1912 176874 38 25 Gross interest on deposits in trust com panies and banks 10513 33 26 Gross interest from all other sources 27 New York Excise Funds 1173 91 28 Various notes etc 284 25 29 Gross rents from companys property in cluding 6000000 for companys occu pancy of its own buildings 155655 14 30 Total gross interest and rents 346501 01 31 From other sources Increase in returned premiums al lowed but not yet claimed 7016 09 33 Increase in premiums due for reinsurance 4027 09 34 Items previously charged off 382 60 35 Total 11425 78 36 From agents balances previously charged off 1492 04 37 Gross profit on sale or maturity of ledger assets viz Stocks 5445 00 38 Gross increase by adjustment in book value of ledger assets viz Bonds 700000 stocks 11128400 col lateral loans 70000 total 118984 00 39 Total income 5076895 63 IIIDisbursements 1 Gross amount paid for losses Accident 7507815 health 2766766 liability 41284028 fidelity960 ComptrollerGenerals Report 43539214 surety 60790825 plate glass 8163468 burglary and theft 1995024 auto and teams prop erty damage 4628545 workmens collective 7 57279 total 1714329 64 2 Deduct reinsurance Accident 1180818 health 122234 liability 15444 fidelity 501684 surety 1112740 Tllate glass 1504 burglary and theft 253710 auto and teams property damage 5009 total 3193143 3 Deduct salvage Accident 82500 health 8392 fidelity 9965473 surety 211 04200 plate glass 151524 burglary and theft 15041 total 313271 30 4 Total deduction Accident 1263318 health 130626 liability 15444 fidelity 10467157 surety 222 16940 plate glass 153028 burglary and theft 2 68751 auto and teams property damage 5009 total 345202 73 5 Net amount paid policy holders for losses Accident 6244497 health 2636140 liability 41268584 fidelity 33072057 surety 38573885 plate glass 8010440 burglary and theft 1726273 auto and teams property damage 4623536 workmens collec tive 757279 total 1369126 91 16 Collection expense salvage and recoveries 20482 98 17 Investigation and adjustment of claims viz Accident 182823 health 619 liability 16333064 fidelity 1303931 surety 1460104 plate glass 31997 burglary and theft 164962 auto and teams property damage 455818 workmens collective 8100 total 199414 18 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 6170356 health 2361305 liab ility 35795143 fidelity 28959525 surety 236r 34084 plate glass 6913110 burglary and theft 2541210 auto and teams property damage 15 69510 workmens collective 170923 total 1081151 66 28 Salaries fees and all other compensation of officers directors trustees and home office employees 389827 79 29 Salaries traveling and all other expenses of agents not paid by commissions 329818 96 30 Medical examiners fees and salaries 164 56 31 Inspections other than medical and claim 23971 14 32 Itents including 6000000 for companys occupancy of its own buildings 100281 09ComptrollerGeneral s Report 961 33 34 35 36 37 42 43 44 45 46 47 48 49 50 51 52 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 Federal corporation tax 305353 municipal licenses 277698 state county and city taxes on capital stock 2569452 total Legal expenses Advertising Printing and stationery Postage telegraph telephone and express Furniture and fixtures Stockholders for interest or dividends amount declared during the year Other disbursements Decrease in advance premiums over 1911 34423 71 Home office incidentals 25219 38 Home office traveling expenses 16348 17 Expenses acct liquidation Phila Gas Co 254532 22 Total 53 Agents balances charged off 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 2808269 stocks 47300 total 41509 04 40688 52 68665 56 17626 94 31525 03 39244 61 20322 06 69824 75 50774 55 45103 80 320000 00 330523 48 3147 11 28555 69 56 Total disbursements 4621750 41 IVLedger Assets 1 Book value of real estate 2420279 84 3 Loans secured by pledge of bonds stocks or other col laterals 114500 00 4 Book value of bonds 254538125 and stocks 1591 90800 total 4137289 25 5 Cash in companys branch offices 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 45 27735 health 2306035 liability 33280067 fidelity 15520259 surety 27986845 plate glass 5803184 burglary and theft 3132588 auto and teams property damage 2170767 workmens collective 75516 total 948029 96 On policies or renewals issued Prior to October 1 1912 Accident 503313 health 188996 liability 5961590 47462 70 223998 08 208360 50962 ComptrollerGenerals Eeport fidelity 5764379 surety 14039208 plate glass 514482 burglary and theft 200094 auto and teams prop erty damage 353763 workmens col lective 19125 total 275449 50 1223479 4G 24 Total 26 Other ledger assets viz N Y Excise premium fund 10190 56 N Y Excise current loss fund held by joint committees 2 331 03 N Y Excise reserve fund 2183932 53363 81 Total 9 28 Massachusetts workmens eomp reserve fund VJ w 28 Accounts receivable J 96 29 Advance on contract 30 Ledger assets 880024143 NonLedger Assets 43 Gross assets 8800241 43 Deduct Assets Not Admitted 46 Furniture and fixtures Not considered 47 Supplies printed matter and stationery not considered 49 Premiums in course of collection written prior to Oct 1 1912 2V5449 50 55 Total 275449 50 56 Admitted assets 8524791 93 VLiabilities Losses and claims adjusted Accident 138276 health 41114 fidelity 613336 total Losses and claims reported or in process of adjustment Accident 2586129 health 588678 fidelity 75 S3896 surety 10184169 plate glass 147494 burglary and theft 1714800 auto and team property damage 1371865 workmens collective 217476 total 7927 26 213945 07COMPTBOLLEKGEISrERAIiS REPORT 963 3 Losses and claims resisted fidelity 8045000 surety 30410000 auto and team property damage 104028 total 4 Total lossesand claims Accident 2724405 health 629792 fidelity 16242232 surety 40594169 plate glass 147494 burglary and theft 1714800 auto and teams property damage 1475893 work mens collective 217476 total 6 Net unpaid claims except liability claims Accident 2724405 health 629792 fidelity 16242232 surety 40594169 plate glass 147494 burglary and theft 1714800 auto and teams property damage 1475893 workmens collective 217476 total 7 Estimated expenses of investigation and adjustment of unpaid claims Fully provided for in columns 1 to 6 8 Total losses and claims Accident 2724405 health 629792 fidelity 16242232 surety 40594169 plate glass 147494 burglary and theft 1714800 auto and teams property damage 1475893 workmens collective 217476 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 20 Special reserve for expenses liquidation Phila Gas Co 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 4040 90943 unearned premiums fifty per cent 2020454 72 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 504 72652 unearned premiums pro rata 357064 18 23 Total unearned premiums as shown by recapitualation 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident 1127861 health 558640 liability 8387663 fidelity 3326236 surety 6259585 plate glass 1510000 burglary and theft 820986 auto and teams property damage 528541 workmens collective 20767 total 29 Salaries rents expenses bills accounts fees etc due or accrued 385590 28 637462 61 657462 61 63746261 277263 81 914726 42 93844 64 2377518 90 225402 79 10000 00964 CompteolleeGenebals Eepoet 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 100000 00 34 Return premiums 80263 12 35 Eeinsurance 22072 10 36 Advance premiums one hundred per cent 104424 30 46 Total amount of all liabilities except capital 39282o2 87 47 Capital actually paid up in cash 2000000 00 48 Surplus over all liabilities 2596539 06 49 Surplus as regards polieyholders 4596539 06 50 Total liabilities 8524791 93 Business in The State of Georgia During the Year Gross premiums less return premiums onrisks written or re newed during the year Accident 181011 health 1 18650 liability 321206 fidelity 1765213 surety 1666400 plate glass 91173 burglary and theft 61047 automobile and team property damage 64786 total 12694 86 Gross losses paid Accident 8057 health 87045 liability 193829 fidelity 2453082 surety 2750779 plate glass 49112 burglary and theft 72017 automobile property damage 95927 total 5709S 48 FRANKFORT GENERAL INSURANCE COMPANY OF FRANKFORTON THEMAIN GERMANY United States Manager and Attorney H Franklin United States Branch office Nd 123 William St New fork City ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 1535852 32 Extended at 1535852 32 IIIncome 1 Gross premiums written and renewed during the year Accident and health 10004843 liability 1204ComptrollerGeneral s Report 965 21670 24 90275 burglary and theft 4530577 automobile and teams property damage 1430026 workmens collec tive 4590611 total Deduct reinsurance Accident and health 1138573 liability 198693 burglary and theft 829758 total Deduct return premiums on premiums can celled Accident and health 126487 liability 6123906 burglary and theft 216084 automobile and teams prop erty damage 75404 workmens col lective 93195 total Deduct premium on policies not taken Accident and health 2917533 liab ility 13483610 burglary and theft 765178 automobile and teams prop erty damage 118610 workmens col lective 171200 total 17456131 147046332 66350 76 5 Total deductions Accident and health 4182593 liab ility 19806209 burglary and theft 1811020 auto mobile and teams property damage 194014 work mens collective 264395 total 262582 31 6 Net premiums Accident and health 11822250 liability 100684066 burglary and theft 2719557 auto mobile and teams property damage 1236012 work mens collective 4326216 total 1207881 01 20 Policy fees required or represented by applications 21426 04 24 Gross interest on bonds and dividends on stocks 47827 31 25 Gross interest on deposits in trust com panies and banks 1070 18 30 Total gross interest and rents 32 Remittance from home office 48897 49 10000 00 39 Total income 1288204 54 IIIDisbursements 1 Gross amount paid for losses Accident and health 49 95991 liability 57010471 burglary and theft 15 60306 automobile and teams property damage 2 19764 workmens collective 2156177 total 2 Deduct reinsurance Accident and health 255656 burglary and theft 222940 total 4785 96 65942709966 ComptkollerGenekals Report 3 Deduct salvage Burglary and theft 11300 total 113 00 4 Total deduction Accident and health 255656 burglary and theft 234240 total iden Ml 4898 96 5 Net amount paid polieyholders for losses health 4740335 liability 57010471 burglary and theft 1326066 automobile and teams property dam age 219764 workmens collective 2156177 total 654528 13 17 Investigation and adjustment of claims viz Accident and health 599238 liability 9819646 burglary and theft 207221 automobile and teams property damage 23036 workmens collective 108155 total 107572 96 22 Policy fees retained by agents 21426 04 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 4094826 liability 23056444 burglary and theft 840101 automobile and teams property damage 274155 workmens col lective 1329364 total 295948 90 28 Salaries fees and all other compensation of officers directors trustees and home office employees 54737 41 29 Salaries traveling and all other expenses of agents not paid by commissions 36137 90 31 Inspections other than medical and claim 17057 14 32 Rents 94 35 State taxes on premiums 19872 1 36 Insurance department licenses and fees 6387 57 39 Personal property tax 59 98 40 Municipal licenses and fees 1377 53 42 Legal expenses 1 43 Advertising 6415 50 44 Printing and stationery 13210 31 45 Postage telegraph telephone and express 6517 86 46 Furniture and fixtures 63 04 48 Other disbursements viz 49 Remittance to Home office 11497 03 50 Miscellaneous expenses 6985 37 51 The workmens compensation reinsurance and inspection bureau fund 2057 41 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 834 51 56 Total disbursements 1275197 20ComptrollerGexerals ReporI 967 IVLedger Assets 4 Book value of bonds 1270932 88 o Cash in companys offices 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident and health 1123848 liability 17619939 burglary and theft 399917 automobile and teams property damage 184017 workmens collective 873305 total On policies or renewals issued Prior to October 1 1912 Accident and health 80924 liability 1275560 burglary and theft 32012 workmens collec tive 3312 total 24 Tota3s 27 Cash in hands of trustees 202010 26 13918 08 1630 00 10661 18 48087 29 215928 34 1619 97 30 Ledger assets 1548859 66 NonLedger Assets 32 Interest accrued on bonds 35 Accrued interest bank deposits 13857 08 111 85 37 Total 13968 93 42 The workmen s compensation reinsurance and inspection bureau fund 1853 96 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 13918 08 51 Book value of ledger assets over market value viz Decrease market value of bonds 70507 88 56 Admitted assets 1480256 59 56 Admitted assets 1480256 59968 ComptrollerGenerals Eeport VLiabilities 1 Losses and claims adjusted Accident and health total 418 00 2 Losses and claims reported or in process of adjustment Accident and health 1738215 burglary and theft 222750 automobile and teams property damage 47500 workmens collective 760305 total 27687 70 3 Losses and claims resisted Accident and health 7 83750 burglary and theft 310500 marine 3 00000 total 53942 50 4 Total losses and claims Accident and health 25 63765 burglary and theft 533250 marine 3 00000 automobile and teams property damage 47500 workmens collective 760305 total 42048 20 5 Deduct reinsurance Accident and health 348745 burg lary and theft 112050 total 4607 05 6 Net unpaid claims except liability claims Accident and health 2215020 burglary and theft 421200 marine 300000 automobile and teams property dam age 47500 workmens collective 760305 total 37440 25 7 Estimated expenses of investigation and adjustment of unpaid claims Accident and health 116580 burglary and theft 46800 automobile and teams property damage 2500 workmens collective 10405 total 1853 75 8 Total losses and claims Accident and health 2331600 burglary and theft 468000 marine 300000 auto mobile and teams property damage 50000 work men s collective 779800 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 83170015 unpaid premiums fifty per cent 415849 98 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 6071055 unearned premiums pro rata 31590 53 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident and health 3 39294 00 470179 00 500173 00 447440 51ComptrollerGenerals Eeport 969 99587 liability 4124998 burglary and theft 1 19175 automobile and teams property damage 49083 workmens collective 181464 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36 Advance premiums one hundred per cent 48743 07 1500 00 11800 00 2668 99 46 Total amount of all liabilities except capital 1021 625 57 47 Capital actually paid up in cash 250000 00 48 Surplus over all liabilities 208 631 02 49 Surplus as regards policyholders 458 631 02 50 Total liabilities i 439 956 59 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or renewed during the year Accident and health 43214 liability 403423 burglary and theft 7535 automobile and teams property damage 9175 work men s collective 51 749 total 5 150 9b Gross losses paid Accident and health 3240 liability 1 54147 workmen s collective 18736 total 1761 23 GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORP LTD OF PERTH SCOTLAND Kelly and Xorie Miller United States Managers f r Watson United States Secretary ICapital Stock 1 Amount of capita paid up in cash U S Deposit 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 2880 544 89 Extended at 2880544 89 IIIncome 1 Gross premiums written and renewed hiring he year Accident 126523366 health 41210577 liability 233361938 Burglary and theft 18905800 auto property damage 38667087 total 4581687 68970 ComptbollebGenebals Kepoet 2 Deduct reinsurance Accident 3062440 health 699269 liability 2658489 burglary and theft 1060486 total 74806 84 3 Deduct return premiums on policies can celled Accident 1971188 health 7 12963 liability 18061549 burglary and theft 445656 auto property damage 4263109 total 254544 65 4 Deduct premium on policies not taken Accident 17740693 health 6416675 liability 40914986 burglary and theft 4010905 auto property damage 8941353 total 780246 12 5 Total deductions Accident 22774321 health 7828907 liability 61635024 burglary and theft 5517047 auto property damage 13204462 total 1109597 61 6 Net premiums Accident 103749045 health 333 81670 liability 171726914 burglary and theft 13388753 auto property damage 25462625 total 3477090 07 20 Policy fees required or represented by applications 116517 00 22 Gross interest on mortgage loans 569 02 24 Gross interest on bonds and dividends on stocks 71882 11 25 Gross interest on deposits in trust com panies and banks 151 26 26 Gross interest from all other sources Bills receivable 25 30 29 Gross rents from companys property in cluding 660832 for companys occu pancy of its own buildings 10774 96 30 Total gross interest and rents 83402 65 31 From other sources 32 Received from home office 51798 43 33 Bonus on mortge renewal v 16 04 7 Gross profit on sale or maturity of ledger assets viz Bonds 16U 2 39 Total income 3730438 51 IIIDisbursements Gross amount paid for losses Accident 45208173 health 17489108 liability 66095510 burglary and theft 7680976 auto property damage 116 93597 total 1481673 64ComptrollerGenerals Report 971 2 Deduct reinsurance Accident 2193777 health 448684 burglary and theft 291630 total 29340 91 3 Deduct salvage Burglary and theft 599J1 auto property damage 500 total 604 11 4 Total deduction Accident 2193777 health 448684 burglary and theft 351541 auto property damage 500 total 29945 02 5 Net amount paid policyholders for losses Accident 430 14396 health 17040424 liability 66095510 burglary and theft 7329435 auto property damage 11693097 total 1451728 62 17 Investigation and adjustment of Claims viz Accident 545163 health 1078S0 liability 23621016 burglary and theft 39333 auto property damage 2612805 total 269211 97 22 Policy fees retained by agents 116517 00 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 30188940 health 8626290 liability 51616203 total 904314 33 25 Burglary and theft 40200 53 27 Auto property damage 76614 65 28 Salaries fees and other compensation of officers directors trustees and home office employees 210198 01 29 Salaries traveling and all other expenses of agents not paid by commissions 84041 20 30 Medical examiners fees and salaries 14279 52 31 Inspectioans other than medical and claim 30713 67 32 Rents including 660832 for companys occupancy of its own buildings 33310 08 33 Repairs and expenses other than taxes on real estate 10767 06 35 State taxes on premiums 56749 24 36 Insurance department licenses and fees 9826 61 i7 All other licenses fees and taxes Federal corporation tax 1966 26 39 Penna Tax on securities 3420 Hi 42 Legal expenses 8719 06 43 Advertising 9000 98 44 Printing and stationery 44493 50 45 Postage telegraph telephone and express 19392 08 46 Furniture and fixtures 10932 95 48 Other disbursements 49 Paid to home office 130957 20 50 Old check cancelled 1 00972 ComptrollerGenerals Eeport 51 Miscellaneous 54 Gross loss on sale or maturity of ledger assets viz Bonds 51381 47 643 83 56 Total disbursements 358936 98 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate first liens 4 Book value of bonds 165932172 and stocks 86 54415 total 5 Cash in companys office C Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 104 12751 health 3470916 liability 56393249 burglary and theft 39 50630 auto property damage 66 08037 total On policies or renewals issued prior to October 1 1912 Accident 1415764 health 353941 liability 4642272 burglary and theft 769437 auto property damage 512958 total 808355 83 76943 24 Total 26 Other ledger assets viz 27 Accounts receivable 28 Weekly dept in bank 30 Ledger assets NonLedger Assets 31 Interest due 42625 and accrued 18996 on mortgages 32 Interest accrued on bonds 616 21 21086 94 43 Gross assets Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 76943 72 51 Book value of ledger assets over market value viz Heal estate 33160 58 213160 58 19000 00 1745865 87 11070 15 64010 38 47032 30 585299 55 32699 55 i477 04 3021615 42 3043318 57ComptrollerGeneral s Report 973 Bonds 74576 72 54 Accounts receivable 32699 55 55 Stocks 20394 15 56 Admitted assets 2805543 85 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 7147444 health 3089540 burglary and theft 998128 auto property damage 3138817 total 143739 29 3 Losses and claims resisted Accident 1863800 health 842900 burglary and theft 585500 auto prop erty damage 395000 totals 36872 00 4 Total losses and claims Accident 9011244 health 3932440 burglary and theft 1583628 auto prop erty damage 3533817 total 180611 29 5 Deduct reinsurance Accident 798832 health 90000 burglary and theft 160000 total 10488 32 6 Net unpaid claims except liability claims Accident 8212412 health 3842440 burglary and theft 1423628 auto property damage 3533817 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 258372 health 116255 burglary and theft 90000 auto property damage 75000 total 8 Total losses and claims Accident 8470784 health 39 586 95 burglary and theft 1513628 auto property damage 3608817 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2339 15704 unearned premiums fifty per cent 1169578 50 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 135 87866 unearned premiums pro rata 86976 07 170122 97 5396 27 175519 24 425850 00 601369 24 23 Total unearned premiums as shown by recapitulation 1256554 59974 ComptrollerGenerals Report 24 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident 3470917 health 1156972 liability 18797749 total 26 Burglary and theft 28 Auto property damage 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36 Advance premiums one hundred per cent 234256 38 13168 76 22026 79 10000 00 69541 80 16546 70 46 Total amount of all liabilities except capital 2223464 26 47 Capital actually paid up in cash 250000 00 48 Surplus over all liabilities 332079 59 49 Surplus as regards policyholders 582079 59 50 Total liabilities 2805543 85 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or renewed during the year Accident 1738028 health 620442 liability 973726 burglary and theft 14414 automobile property damage 189461 total Gross losses paid Accident 1191186 health 479230 liability 423055 automobile property damage 1 859 90 total 35360 76 22794 61 GEORGIA LITE INSURANCE COMPANY OF MACON GEORGLA W E Small Iresident L A Shepherd Secretary Some Office Georgia Lite Bldg Macon Georgia ICapital Stock 1 Amount of capital paid up in cash 500900 on 2 Amount of ledger assets as per balance December 31 of previous yeari 3 Error in uncollected casualty premium correction Extended at r56346 69 1323 40 77C70 09ComptrollerGenerals Report 975 IIIncome 1 Gross premiums written or renewed during the year Accident 6480913 health 4794626 liability 270 21752 fidelity 399212 surety 1962553 plate glass 1478264 steam boiler 439179 burglary and theft 782876 auto property damage 4227618 workmens collective 676660 total 486636 53 2 Deduct reinsurance Accident 346155 health 237702 liability 103321 fidelity 10000 surety 132919 total 8300 97 3 Deduct return premiums on policies can celled Accident 661132 health 3 30360 liability 3348812 fidelity 31805 surety 19927 plate glass 123252 steam boiler 68308 burglary and theft 83508 auto prop damage 547581 workmens collective 1250 total 52159 35 4 Deduct premium on policies not taken Accident 1291657 health 972809 liability 5296908 fidelity 6538 surety 85803 plate glass 209815 steam boiler 49115 burglary and theft 79792 auto property damage 934630 workmens collective minus 470 total 89265 97 Total Deductions Accident 2298944 health 15 40871 liability 8749041 fidelity 48343 surety 2 38649 plate glass 333067 steam boiler 117423 burglary and theft 163300 auto property damage 1482211 workmens collective 780 total 149726 29 6 Net premiums Accident 4181969 health 3253755 liability 18272711 fidelity 350869 surety 17 23904 plate glass 1145197 steam boiler 321756 burglary and theft 619576 auto property damage 3145407workmens collective 675880 total 22 Gross interest on mortgage loans 6158 06 23 Gross interest on collateral loans 37 42 24 Gross interest on bonds and dividends on stocks 5760 00 25 Gross interest on deposits in trust com panies and banks 1244 02 26 Gross interest from all other sources Policy notes and liens 243 50 336910 24976 ComptrollerGenerals Eeport 29 Gross rents from companys property in cluding 396000 for companys occu pancy of its own buildings 32469 87 30 Total gross interest and rents 31 From other sources 24 Increase in valuation of building 35 Income life department 39 Total income 45912 87 113093 13 94262 76 590179 00 IITDisbursements 1 Gross amount paid for losses Accident 2114949 health 2022969 liability 6249220 surety 1 66593 plate glass 524626 steam boiler 39600 burglary and theft 272460 automobile property damage 1724627 workmens collective 88295 total 131833 39 2 Deduct reinsurance Accident 263568 health 293737 total 5573 05 3 Deduct salvage liability 4290 fidelity 2250 plate glass 30516 automobile property damage 18700 total 557 56 4 Total deduction Accident 263568 health 293737 liability 4290 fidelity 2250 plate glass 30516 automobile property damage 18700 total 6130 61 5 Net amount paid policyholders for Kisses Accident 1851381 health 1729232 liability 6244930 fidelity minus 2250 surety 166593 plate glass 494110 steam boiler 39600 burglary and theft 2724 60 automobile property damage 1705927 workmens collective 68295 total 125702 78 17 Investigation and adjustment of claims viz Accident 31631 health 2950 liability 1189092 fidelity 2938 surety 14705 plate glass 1000 burglary and theft 19155 automobile property damage 42005 total 13034 76 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 1705484 health 1274397 liability 40 25120 fidelity 124573 surety 420337 plate glass 390888 steam boiler 87776 burglary and theft 187907 auto property damage 719190 workmens collective 13338 total 89490 10ComptrollerGenerals Keport 97 28 Salaries fees and other compensation of officers directors trustees and home office employees 30 Medical examiners fees and salaries 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes municipal license and taxes 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 48 Otherdisbursements 49 General expense 50 Traveling expense 53 Agents balances charged off 531 Disbursements life department 56 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col laterals 3 Policy loans life department 4 Book value of bonds 1347S56S and slocks 50 00000 total 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 9 94139 health 620124 liability 73 53298 fidelity 32450 surety 3 24558 plate glass 2S58S3 steam boiler 26475 burglary and theft 2 08247 automobile property damage 1043546 workmens collective 5 52537 total 114412 57 On policies or renewals issued prior to October 1 1912 Accident 884215 Health 1099598 liability 335001 fidelity 8567 surety 70552 plate glass 23304 steam boiler 44906 23829 00 7167 70 2475 00 2627 75 1327 50 1411 65 121 50 1399 55 3534 89 1834 54 397 05 2387 09 6170 50 453 35 125341 10 408705 81 375000 00 113134 88 2125 00 1482 00 190785 68 3115 57 68353 69 39645 47578 CompteollebGenebals Repoet burglary and theft 14275 automobile property damage 43785 workmens collective 6299 total 25305 02 24 Total 139717 59 26 Other ledger assets viz 27 Advance on contract bond secured 2720 96 28 Agents balances casualty department 2045 01 29 Agents balances life department 1017 37 30 Ledger assets 939143 28 NonLedger Assets 31 Interest on mortgages 2227 43 32 Interest on bonds 100 00 33 Interest accrued on collateral loans 31 32 34 Interest accrued on other assets 199 67 37 Eents accrued on companys property or lease 3274 84 38 Total 5833 26 41 Net amount of uncollected and deferred premiums life department 4635 49 43 Gross assets 949612 03 Deduct Assets Not Admitted 45 Bills receivable agents balances net casualty department 2045 01 49 Premiums in course of collection written prior to Oct 1 1912 25305 02 51 Book value of ledger assets over market value viz Bonds 6625 OS 53 Premium notes life Bept 387 03 54 Agents balances life department 1017 37 55 Total 35380 11 50 Admitted assets 914231 92 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 197203 health 195147 fidelity 55000ComptrollerGenerals Report 979 plate glass 52780 burglary and theft 195365 auto property damage 246389 total 4 Total losses and claims Accident 197203 health 195147 fidelity 55000 plate glass 52780 burg lary and theft 195365 automobile property damage 246389 total 5 Deduct reinsurance Accident 10000 health 7857 total 6 Net unpaid claims except liability claims Accident 187203 health 187290 fidelity 55000 plate glass 52780 burglary and theft 195365 auto property damage 246389 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 65000 health 35000 burglary and theft 45000 total 8 Total losses and claims Accident 252203 health 2 22290 fidelity 55000 plate glass 52780 burglary and theft 240365 automobile property damage 246389 total 1 17 Special reserve for unpaid liability losses 20 Total unpaidclaims and expenses of settlementi 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 29950162 unearned premiums fifty per cent 149750 81 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 519724 unearned premiums pro rata 4437 17 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 447363 health 279055 liability 1966598 fidelity 9375 surety 97367 plate glass 100594 steam boiler 7942 burglary and theft 72886 auto property damage 313063 workmens collective 138134 total 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Eeinsurance 9418 84 9418 84 178 57 9240 27 1550 00 10690 27 46764 00 57454 27 154187 98 34323 77 1500 00 1039 32980 ComptrollerGenerals Report 37 Other liabilities viz 38 Reserve life department 84422 09 39 All other life department liabilities 8663 31 4C Total amount of all liabilities except capital 341590 74 47 Capital actually paid up in cash 500900 00 48 Surplus over all liabilities 71741 18 49 Surplus as regards policyholders 572641 IS 50 Total liabilities 914231 92 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 2558623 health 2216873 liability 35064 41 fidelity 2765 17 surety 774254 plate glass 236903 steam boiler 92464 burglary and theft 148370 automobile property damage 764079 workmens collective 26840 total 106013 64 Gross losses paid Accident 1215702 health 1215009 liability 1378146 fidelity 528 surety 1369 10 plate glass 189329 steam boiler 39600 burglary and theft 5250 automobile property damage 2 73962 total 1 15 15 26 GLOBE INDEMNITY COMPANY OF NEW YORK Henry Y Katon President A Duncan Reid Secretary W R Hoyt Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 1349784 41 Extended at 13497M 11 IIIncome 1 Gross premiums written and renewed during the year Accident 11937094 health 4648524 liability 2 19608710 fidelity 1492354 surety 3184711ComptrollerGenerals Report 981 plate glass 9924256 steam boiler 6639831 burg lary and theft 206144 80 fly wheel 442275 auto property damage 28350750 workmens collective 295000 total 2 Deduct reinsurance Accident 1459722 health 471116 liability 2100107 fidelity 38750 surety 162970 plate glass 4730 steam boiler 99827 burglary and theft 35557 21 fly wheel 14772 total 79077 15 3 Deduct return premiums on policies can celled Accident 123122 health 57557 liability 9891550 fidelity 76876 surety 125799 plate glass 157935 steam boiler 130335 burg lary and theft 619518 fly wheel 15665 auto property damage 8 11616 workmens collective 25125 total 120350 98 4 Deduct premium on policies not taken Accident 1713022 health 763072 liability 56560574 fidelity 27692 surety 97593 plate glass 20 36599 steam boiler 1645430 burg lary and theft 3745561 fly wheel 77854 auto property damage 77 43769 workmens collective 210000 total 746211 66 3071379 85 24 Total deductions Accident 3295866 health 1291745 liability 68552231 fidelity 143318 surety 3 86362 plate glass 2199264 steam boiler 1875592 burglary and theft 7920800 fly wheel 108291 auto property damage 8555385 workmens collec tive 235125 total 945639 79 Net premiums Accident 8641228 health 3356779 liability 151056479 fidelity 1349036 surety 2798349 plate glass 7724992 steam boiler 47 64239 burglary and theft 12693680 fly wheel 333984 auto property damage 19795365 work mens collective 59875 total 2125 740 06 Gross interest on bonds and dividends on stocks less 458543 accrued interest on bonds acquired during 1912 54234 57 9 25 30 31 38 39 1 2 3 4 5 17 23 2 ComptrollerGenerals Report Gross interest on deposits in trust eom 60066 484645 16855 54 05 50 From other sources Surplus paid in cash Gross increase by adjustment in book value of ledger 2687307 364292 3936 15 44 25 IIIDisbursement s Gross amount paid for losses Accident 1911995 health 769918 liability 25065787 plate glass 1238039 steam boiler 30310 burglary theft 2733332 auto property damage 4665697 workmens collective 14163 total Deduct reinsurance Accident 121125 health 4643 burglary and theft 194898 total 3206 67 Deduct salvage Plate glass 2617 auto property damage 70341 total 729 58 Total deduction Accident 121125 health 4643 date glass 2617 burglary and theft 194899 auto propertv damage 70341 total Net amount paid policyholders tor losses Accident 17 90870 health 765275 liability 25065787 plate glass 1235422 steam boiler 30310 burglary and theft 2538433 auto property damage 4595356 workmens collective 14163 total 360356 70571 427126 141779 50992 16 33 96 63 79 Investigation and adjustment of claims viz Accident 123500 health 30300 liability 6523688 plate jllass 32700 burglary and theft 280185 auto propertv damage 66760 total Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 2074477 health 684528 liability 31438029 fidelity 212312 surety 245039 plate glass 2015011 steam boiler 927772 burglary and theft 3389022 fly wheel 13228 auto property damage 1699278 workmens collective 14010 total 28 Salaries fees and other compensation of officers directors trustees and home office emplovees 29 Salaries traveling and all other expenses of agents not paid by commissions ComptrollerGenerals Report 983 31 Inspections other than medical and claim 40536 87 32Rents 10098 06 q tar nq 35 State taxes on premiums 1u 36 Insurance department licenses and fees 6837 18 39 Municipal licenses and fees 72 15 42 Legal expenses 4016 43 43 Advertising 1873 48 44 Printing and stationery 43497 07 45 Postage telegraph telephone and express 11289 02 46 Furniture and fixtures 18528 83 48 Other disbursements 49 Discount and exchange 133 14 50 Miscellaneous expense 10855 24 54 Gross loss on sale or maturity of ledger assets viz Bonds 393250 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 10312 24 56 Total disbursements 1215955 17 IVLedger Assets 4 Book value of bonds 154054531 and stocks 527 48400 total 2078029 31 6 Deposits in trust companies and banks not on interest 274100 07 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 1713275 health 1002249 liability 30441953 fidelity 414627 surety 1746927 plate glass 1914384 steam boiler 1635952 burglary and theft 27 90465 fly wheel 127896 auto prop erty damage 2533492 total 443212 20 On policies or renewals issued prior to October 1 1912 Accident 111875 health 47215 liability 1494919 fidelity 19413 surety 54291 plate glass 34512 steam boiler 54860 burglary and theft 34365 fly wheel 143500 auto property damage 1 05259 total 21002 09 24 Total 464214 29 26 Other ledger assets viz 27 Agents balances 3466 26 28 Workmans compensation reinsurance 1326 46 30 Ledger asset 223 31P984 ComptrollerGeneral s Report NonLedger Assets 32 Interest accrued on bonds 22110 00 36 Total 22110 0O 43 Gross assets 2843 246 39 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 21002 09 51 Book value of ledger assets over market value viz Bonds and stocks 11559 Ml 53 Agents balances 3466 20 56 Admitted assets 2807218 73 VLiabilities 2 Looses and claims reported or in process of adjustment Accident 1687892 health 144251 plate glass 160237 burglary and theft 2071170 auto prop erty damage 1378300 workmens collective 130id tot1 54548 49 3 Losses and claims resisted Auto property damage 1 27500 total 1 275 00 4 Total losses and claims Accident 1687892 health 144250 plate glass 160237 burglary and theft 2071170 auto property damage 15058Oil work mens collective 13000 total 55823 49 5 Deduct reinsurance Accident 172321 health 3750 burglary and theft 849431 total 10255 02 6 Net unpaid claims except liability claims Accident 1515571 health 140500 plate glass 160287 burglary and theft 1221739 auto property damage 1505800 workmens collective 13000 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 500110 health 5000 burg lary and theft 50000 auto property damage 1 00 total 8 Total losses and claims Accident 1565571 health 1 45500 plate glass 160237 burglary and theft 1271739 auto property damage 1605800 work mens collective 13000 total 4556S 47 11511 00 47618 47C0MPTK0LLERGeXEHAL S REPORT 985 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1784 80915 unearned premiums fifty per cent 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 152 77504 unearned premiums pro rata 892404 57 127014 50 125482 74 173101 21 23 Total unearned premiums as shown by recapitulation 1019419 07 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 561954 health 340765 liability 7159595 fidelity 96194 surety 414462 plate glass 616432 steam boiler 492422 burglary and theft 993892 fly wheel 26986 auto property damage 640001 total 113427 03 29 Salaries rents expenses bills accounts fees etc due or accrued 12000 00 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 32000 00 37 Other liabilities viz Agents credit balances 2378 31 39 Workmans compensation reinsurance 175 51 40 Voluntary reserve for claims and contingencies 200000 00 46 Total amount of all liabilities except capitalif 47 Capital actually paid up in cash 750000 00 48 Surplus over all liabilities 504717 60 49 Surplus as regards policyholders 50 Total liabilities 1552501 13 1254717 60 2807218 73 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 17625 liability 131473 burglary and theft 3849 automobile prop erty damage 3125 total Gross losses paid Liability 1560 72 803 63986 ComptrollerGenerals Repoet GREAT EASTERN CASUALTY COMPANY OF NEW YORK Home Office 55 John Street New York City ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance S01587 80 IIIncome 1 Gross premiums written or renewed during the year Accident 61503699 health 24020868 plate glass 9219585 burglary and theft 14611446 workmens 1095821 08 2 Deduct reinsurance Accident 1829739 health 22000 plate glass 132300 burglary and theft 1206512 total 31905 51 3 Deduct return premiums on policies can celled Accident 967649 health 2 42516 plate glass 306047 burglary and theft 466901 total 19831 13 4 Deduct premiums on policies not taken Accident 9976111 health 4986637 plate glass 2609331 burglary and theft 3465012 total 210370 91 5 Total deductions Accident 12773499 health 52 51153 plate glass 3047678 burglary and theft 262107 55 6 Net premiums Accident 48730200 health 18769715 plate glass 6171907 burglary and theft 9473021 workmens collective 226510 total 833713 53 20 Policy fees required or represented by applications 38759 00 24 Gross interest on bonds and dividends on stocks less 642200 accrued interest on bonds acquired during 1912 1S410 78 25 Gross interest on deposits in trust com 26945 13 899417 66 ComptrollerGenerals Report 987 IIIDisbursements 1 Gross amount paid for losses Accident 14973418 health 8027337 plate glass 2484076 burglary and theft 4335613 workmens collective 53264 total 2 Deduet reinsurance Accident 677712 plate glass 31595 burglary and theft 650902 total 13602 09 3 Deduet salvage Plate glass 5092 08 total 5092 08 4 Total deduction Accident 677712 plate glass 540803 burglary and theft 6 50902 total 5 Net amount paid policyholders for losses Accident 142 95706 health 8027337 plate glass 1943273 burg lary and theft 3684711 workmans collective 53264 total 17 Investigation and adjustment of claims viz Accident 254165 health 16948 plate glass 675 burglary and theft 196196 total 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 20171255 health 6084599 plate glass 1918854 burglary and theft 3028096 wrms col lective 6939 total 28 Salaries fees and other compensation of officers directors trustees and home office emplo3ees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 31 Inspections other than medical claims 32 Pents 35 State taxes on premiums 36 Insurance department licenses and fees 42 Legal expenses 43 Advertising 44 Printing and stationery 4 Furniture and fixtures 46 Postage telegraph telephone and express 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Investment expense brokerage on purchase of bonds SO General Expense 298737 18694 17 280042 91 4679 84 38759 00 312097 43 76016 39 10646 56 1000 00 784 00 8000 00 9739 99 3170 35 5500 25 2005 26 18703 74 1491 10 7411 39 20000 00 175 00 5666 01988 ComptrollerGeneral s Beport 51 Journal subscription 52 Traveling expense 53 Agents balances charged off 56 Total disbursements IVLedger Assets 2 Mortgage loans or real estate first liensi 4 Book value of bonds 41663324 and stocks 8475375 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 50S1029 health 3596553 plate glass 11 92114 burglary and theft 2176024 total 120457 20 On policies or renewals issued prior to October 1 1912 Accident 520737 health 313303 plate glass 22708 burglary and theft 40896 total 8976 44 238 98 6810 56 3605 31 816544 07 191500 00 496386 99 5748 77 693 15 55698 S4 24 Total 129433 64 30 Ledger assets 884461 39 NonLedger Assets 31 Interest acurued on mortgages 2679 40 32 Interest accrued on bonds 3S62 50 34 Interest accrued on other assets Bank deposits 56 65 37 Rents on companys property or lease 6598 55 43 Gross assets 891059 94 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to October 1 1912 8976 44 51 Book value of ledger assets over market value viz Bonds 28508 24 53 Stocks 1453 75 56 Admitted assets 852121 51ComptrollerGenerals Report VLiabilities 1 Losses and claims reported in process of adjustment Accident 2485119 health 838129 plate glass 95328 burglary and theft 874191 totals 3 Losses and claims resisted Accident 297950 health 8500 burglary and theft 291633 total 4 Total losses and claims Accident 2783069 health 846629 plate glass 95328 burglary and theft 11 65824 total 5 Deduct reinsurance Accident 14160 plate glass 1329 burglary and theft 150000 total 6 Net unpaid claims except liability claims Accident 2768909 health 846629 plate glass 93999 burglary and theft 1015824 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 82500 burglary and theft 80000 total 8 Total losses and claims Accident 28514 09 health 8 46629 plate glass 93999 burglary and theft 10 95824 total 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 60113576 unearned premiums fifty per cent 300567 88 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2634493 unearned premiums pro rata 1575165 989 42927 67 5980 83 48908 50 1654 89 47253 61 1625 00 48878 61 48878 61 23 Total unearned premiums as shown by recapitulation 316319 53 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 1633587 health 1396486 plate glass 398166 burglary and theft 735496 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41637 35 890 39 12000 0O990 ComptrollerGenerals Report 35 Reinsurance 4848 91 36 Advance premiums one hundred per cent 2481 60 46 Total amount of all liabilities except capital 427056 39 47 Capital actually paid up in cash 250000 00 48 Surplus over all liabilities 175065 12 49 Surplus as regards policyholders 425065 12 50 Total liabilities 852121 51 THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY OF HARTFORD CONNECTICUT L B Brainerd President Chas S Blake Secretary Home Office 56 Prospect St Hartford Conn Win A Wright 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 5068793 93 3 Extended at 5068793 93 ITIncome 1 Gross premiums written or renewed during the year Steam boiler 164933964 fly wheel 5455293 total 1703892 57 2 Deduct reinsurance Steam boiler 64100 fly wheel 16982 total 810 82 3 Deduct return premiums on policies can celled Steam boiler 12593759 fly wheat 293365 total 128871 24 4 Deduct premiums on policies not taken Steam boiler 7267693 fly wheel 4 03929 total 76716 22 5 Total deductions Steam boiler 1992552 fly wheel 714276 total 206398 28 6 Net premiums Steam boiler 145008412 fly wheel 4741017 total 1497494 29 21 Inspections 34467 60ComptrollerGenerals Keport 991 22 Gross interest on mortgage loans less 1 02078 accrued interest on mortgages acquired during 1912 59992 43 24 Gross interest on bonds and dividends on stocks less 388141 accrued interest on bonds acquired during 1912 148750 01 25 Gross interest on deposits in trust com panies and banks 2457 55 26 Gross interest from all other sources inst on real estate 60 88 27 From delinquent premiums 42 38 28 From agents balances now fully paid 37 20 29 Gross rents from companys property in cluding 500000 for companys occu pancy of its own buildings 9310 42 36 From agents balances previously charged off 300 00 37 Gross profit on sale or maturity of ledger assets viz 125 00 Bonds Stocks 1836 5 39 Total income 1754874 26 mDisbursements 1 Gross amount paid for losses Steam boiler 12930259 fly wheel 48353 total 129786 12 8 Net amount paid policyholders for losses Steam boiler 12930259 fly wheel 48353 total 129786 12 17 Investigation and adjustment of claims viz steam boiler 168479 total 1684 9 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Steam boiler 18390004 fly wheel 500743 total 188907 47 28 Salaries fees and other compensation of officers directors trustees and home office employees 67613 74 29 Salaries traveling and all other expenses of agents not paid by commissions 298099 16 31 Inspections other than medical and claim 518016 68 3o Bents including 500000 for companys occupancy of its 5000 00 own buildings 33 Repairs and expenses other than taxes on real estate 5394 31 9 65 5j 34 Taxes on real estate 35 State taxes on premiums 36 Insurance department licenses and fees 855 37 All other licenses fees and taxes Federal corporation l9oo 0 tax 992 ComptrollerGenerals Report 39 State county corporation tax 22650 00 40 Municipal taxes 1997 77 42 Legal expenses 7536 65 43 Advertising 1254 74 44 Printing and stationery 20987 61 45 Postage telegraph telephone and express 20665 99 46 Furniture and fixtures 3912 13 47 Stockholders for interest or dividends amount declared during the year 120000 00 48 Other disbursements office expenses 700 85 50 Exchange 566 68 54 Gross loss on sale or maturity of ledger assets viz Bonds 911 67 56 Total disbursements 1451245 97 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Book value of bonds 286013706 and stocks 637 69986 total 5 Cash in companys office 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Steam boiler 278 793 29 fly wheel 637024 totali On policies or renewals issued prior to October 1 1912 Steam boiler 117 53522 fly wheel 181427 total 90600 00 1193285 00 3497836 92 3929 2 161536 54 285163 53 119349 49 24 Total 26 Other ledger assets viz Cash in course of transmission 404513 02 20720 92 30 Ledger assets 5372422 22 NonLedger Assets 31 Interest accrued on mortgages 32 Interest accrued on bonds 34224 95 41375 56 33 Total 75600 51 39 Market value not including interest in item 32 of bonds and stocks over book value 8341 48 43 Gross assets 5456364 21ComptrollerGenerals Report Deduct Assets Not Admitted 49 Premiums in course of collection written prior to October 1 1912 119349 49 993 56 Admitted assets 5337014 72 VLiabilities 2 Losses and claims reported or in process of adjustment Steam boiler 9466383 fly wheel 25000 total 94913 83 4 Total losses and claims Steam boiler 9466383 fly wheel 25000 total 94913 83 6 Net unpaid claims except liability claims Steam boiler 9466383 fly wheel 25000 total 94913 83 8 Total losses and claims Steam boiler 9466383 fly wheel 25000 total 94913 83 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 13042728 unearned premiums fifty per cent 65213 64 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 413710755 unearned premiums pro rata 2145518 80 30 37 57032 71 25000 00 23 Total unearned premiums as shown by recapitulation 2211732 44 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Steam boiler 5575866 fly wheel 127405 total Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Other liabilities viz Special and contingent reserve on account of the assured liability for guaranteeing the faithful performance by the Boiler Inspection and in surance Co of Canada of its covenants and obliga tions assumed under certain policies issued by that company the companys proportion of the total prem ium pertaining to such policies or 4305535 being 20 per cent of 21527673 the pro rata return theron amounting to 22740 86 46 Total amount of all liabilities except capital 2411419 84994 ComptbollerGeneeals Eepoet 47 Capital actually paid tip in cash 1000000 00 48 Surplus over all liabilities 1925594 88 49 Surplus as regards policyholders 2925594 88 50 Total liabilities 5337014 72 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Steam boiler 2010019 fly wheel 44677 total 20546 96 Gross losses paid Steam boiler 7671 52 INTERSTATE CASUALTY COMPANY OF BIRMINGHAM ALA Henry B Gray President H M Archibald Jr Secretary ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 3 Increase of paid up capital during the year Extended at 387276 99 50000 00 50000 00 IIIncome 1 Gross premiums written or renewed during the year Accident 977178 health 789146 liability 96 70690 fidelity 742283 surety 4222977 plate glass 541010 steam boiler 22060 burglary and theft 180134 auto property damage 973477 workmens collective 71090 total 2 Deduct reinsurance Accident 12139 health 9644 liability 18834 fidelity 8750 surety 140960 steam boiler 54121 total 2444 48 3 Deduct return premiums on policies can celled Accident 66193 health 52346 liability 751601 fidelity 40655 surety 214841 plate glass 31948 burglary and theft 6392 fly wheel 16811 auto property damage 104090 total 12848 77 181900 45ComptrollerGenerals Report 4 Deduct premiums on policies not taken Accident 224628 health 168378 liability 2373121 fidelity 109154 surety 320190 plate glass 110020 burglary and theft 17605 auto prop erty damage 239972 workmens col lective 50150 total 36132 18 5 Total deductions Accident 302960 health 230368 liability 3143556 fidelity 158559 surety 6 75991 plate glass 141968 steam boiler 54121 burglary and theft 23997 fly wheel 16811 auto property damage 344062 workmens collective 50150 total 6 Net premiums Accident 674218 health 5587 78 liability 6527134 fidelity 583724 surety 35 46986 plate glass 399042 steam boiler 32061 burglary and theft 156137 fly wheel 16811 auto property damage 629415 workmens collective 20940 total 22 Gross interest on mortgage loans 2045 00 24 Gross interest on bonds and dividends on stocks 13663 88 25 Gross interest on deposits in trust com panies and banks 927 20 26 Gross interest from all other sources 18 40 30 Total gross interest and rents 31 From other sources Increase in surplus by decreasing for value of stock 34 Excess paid in by Industrial Insurance Co and placed in surplus 39 Total income IIIDisbursements 1 Gross amount paid for losses Accident 505265 health 339571 liability 2830748 fidelity 2977 surety 3324514 plate glass 173950 burglary and theft 2500 auto property damage 332567 workmens collective 41105 interstate Accident Ins Co claims 930 total 5 Net amount paid policyholders for losses Accident 5 05265 health 339571 liability 2830748 fidelity 2977 surety 3324514 plate glass 173950 burg 995 51425 43 130475 02 16654 48 150000 00 785 40 735191 89 75541 27996 ComptrollekGenerals Eepoet lary and theft 2500 auto property damage 3 32567 workmens collective 41105 Interstate Ac cident Ins Co claims 930 total 17 Investigation and adjustment of claims viz 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 226525 health 190826 liability 18 16545 fidelity 171419 surety 933162 plate glass 104372 steam boiler 5636 burglary and theft 23042 fly wheel 198 auto property damage 1 21449 workmen s collective 3718 28 Salaries fees and other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 31 Inspections other than medical and claim 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 48 Other disbursements Special judgment Fuquay 49 Directors meetings 50 Aetuarys Inspections 51 Sundry expenses Sl1 Collateral security on bond 52 Good roads const Co 53 Agents balances charged off 54 Gross loss on sale or maturity of ledger assets viz Bonds 56 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 75541 27 1192 10 35968 92 22243 70 744 07 1200 00 478 34 1905 00 979 41 2700 48 2062 75 2059 73 2994 79 1685 33 566 28 2106 04 263 36 941 93 1089 13 1000 00 91 08 1330 88 3299 70 162444 29 145000 00 54800 00 4980 00 282775 00 134 70 6307 82 19174 16ComptrollerGeneral s Report 997 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 78302 health 50625 liability 895800 fidelity 81524 surety 484412 plate glass 103618 burglary and theft 24781 auto property damage 1 69570 total 18886 32 On policies or renewals issued prior to October 1 1912 Accident 42607 health 29085 liability 519026 fidelity 18950 surety 129763 plate glass 1945 burglary and theft 4325 auto property damage 10850 work mens collective 31463 total 7880 14 25 Bills receivable W2 63 26 Other ledger assets viz Advance to agents 1911 43 28 Guaranteed accounts 29735 40 30 Ledger assets 5727 NonLedger Assets 31 Interest accrued on mortgages 382 67 32 Interest accrued on bonds 1903 49 33 Interest accrued on collateral loans 303 57 34 Interest due and accrued on other assets 56 33 43 Gross assets Deduct Assets Not Admitted 45 Bills receivable 1162 63 48 Loans on personal security endorsed or not 4980 00 49 Premiums in course of collection written prior to Oct 1 1912 7880 14 55 Advance to agents 1911 43 56 Admitted assets 559459 46 47 60 2646 06 VLiabilities 2 Losses and claims reported or in process of adjustment Accident i 8 Total losses and claims Accident i 17 Special reserve for unpaid liability losses 104 28 104 28 47300 00998 ComptrollerGenerals Eeport 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 12220416 unearned premiums fifty per cent 61102 08 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 91698 un earned premiums pro rata 292 61 23 Total unearned premiums as shown by recapitulation 61394 6 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz 6691 61 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 300000 00 48 Surplus over all liabilities 143968 88 49 Surplus as regards polieyholders 115490 58 443968 88 50 Total liabilities 559459 46 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 3262 65 health 257330 liability 957336 fidelity 27325 surety 85745 plate glass 40847 steam boiler 54121 burglary and theft 18599 automobile property dam age 210238 workmens collective 1893 total Gross losses paid Accident 298507 health 143443 liability 167873 plate glass 2205 automobile property damage 98804 total 1871457 7108 32 INTERSTATE LIFE AND ACCIDENT COMPANY OF CHATTANOOGA TENNESSEE H D Huffaker President I A Whittle Secretary Home Office 705678 James Building Chattanooga Tennessee Wm A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 156010 00 2 Amount of ledger assets as per balance December 31 of previous year 200163 46 3 Increase of paid up capital during the year 15390 00 Extended at 215553 46ComptrollerGenerals Eeport 999 IIIncome Gross premiums written or renewed during the year Accident 4282115 health 3933785 plate glass 224781 surety 10250 totali Deduct reinsurance Accident 116868 health 85071 total Deduct return premiums on policies can celled Accident 16248 health 7911 plate glass 4550 total Deduct premiums on policies not taken Accident 354205 health 262690 plate glass 31535 total 2019 39 287 09 6484 30 22 25 26 30 31 35 39 Total deductions Accident 487321 health 355672 plate glass 36085 total Net premiums Accident 37947 94 health 3578113 surety 10250 plate glass 188696 total Gross interest on mortgage loans 8247 16 Gross interest on deposits in trust com panies and banks 324 50 Gross interest from all other sources Stock notes 2281 92 Total gross interest and rents From other sources Premium from the sale of stock Return on furniture 84509 31 8790 78 75718 53 10853 58 15160 00 8 00 Total income 101740 11 IIIDisbursements 1 Gross amount paid for losses Accident 1909293 health 1623718 plate glass 53528 total 35865 39 2 Deduct reinsurance Accident 34818 health 53622 total 884 40 4 Total deduction Accident 34818 health 53622 total 884 40 5 Net amount paid policyholders for losses Accident 18 74475 health 1570096 plate glass 53528 total 34980 99 17 Investigation and adjustment of claims viz Included in the medical examiners fees 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 1517032 health 1508939 surety 3075 plate glass 59598 total 30886 441000 ComptrollerGenerals Report 28 Salaries fees and other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 32 Kents 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation tax 39 Commission on Sale of stock 40 Traveling expenses 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 48 Other disbursements Discount 50 General expense 51 Library expense 52 Other expense 56 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 1 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 2115 91 health 211591 plate glass 30000 total 4531 82 24 Total 25 Bills receivable 26 Other ledger assets viz Due from agents 28 Stationery 29 Furniture and fixtures 30 Ledger assets NonLedger Assets 31 Interest accrued on mortgages 3426 27 8793 43 12894 15 699 00 2744 56 106 64 1028 75 1732 48 5312 00 5753 10 1677 10 802 46 2418 39 1196 13 311 62 1893 44 10 00 1907 80 115148 48 130600 00 1271 56 6698 68 42765 88 4531 82 9177 90 2422 10 1500 00 3177 15 202145 09ComptrollerGenerals Report 1001 206015 42 34 Interest accrued on other assets 444 06 37 Rents 3870 33 38 Total 3870 33 43 Gross assets Deduct Assets Not Admitted 45 Bills receivable 9177 90 46 Furniture and fixtures 3177 15 47 Supplies printed matter and stationery 1500 00 51 Book value of ledger assets over market value viz Due from agents 21 78 35 55 Total 16033 40 56 Admitted assets 189982 OJ VLiabilities 2 Losses and claims reported or in process of adjustment Accident 125134 health 62566 total 1877 00 8 Total losses and claims Accident 125134 health 62566 total 1877 00 20 Total unpaid claims and expenses of settlement 1877 00 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1260370 unearned premiums fifty per cent 6301 85 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 50000 health 40000 plate glass 10000 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Reinsurance 46 Total amount of all liabilities except capital 6301 85 1000 00 742 40 1800 00 200 00 11921 251002 ComptrollerGenerals Kepobt 47 Capital actually paid up in cash 156010 00 48 Surplus over all liabilities 22050 77 49 Surplus as regards policyholders 178060 i 7 50 Total liabilities 189982 02 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 794839 health 799043 total 15938 82 Gross losses paid Accident 583798 health 382781 total 9665 79 LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK William T Woods President Charles E W Chambers Secretary William L McNevin Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 957441 64 Extended at 957441 64 TTIncome 1 Gross premiums written and renewed during the year Plato glass 2 Deduct no reinsurance rebates Plate glass 207 5 3 Deduct return premiums on policies can celled Plate glass 51410 41 4 Deduct premiums on policies not taken Plate glass 74581 39 Total deductions Plate glass 707949 80 126199 30 6 Net premiums Plate glass 581750 44 22 Gross interest on mortgage loans 1353 46 24 Gross interest on bonds and dividends on stocks 22844 50 26 Gross interest from all other sources No note of E B Barrows note paid off 70 77ComptrollerGenerals Report 1003 29 Gross rents from companys property in cluding 1000000 for companys occu pancy of its own buildings 21718 37 30 Total gross interest and rents 45987 10 36 From agents balances previously charged off 83 76 38 Gross increase by adjustment in book value of ledger assets viz Real estate 5450 2f 39 Total income 633271 59 IIIDisbursements 1 Gross amount paid for losses Plate glass 3 Deduct salvage Plate glass 9246 43 4 Total deduction Plate glass 5 Net amount paid polieyholders for losses Plate glass 28 Salaries fees and other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 32 Rents including 1000000 for companys occupancy of its own buildings 33 Repairs and expenses other than taxes on real estate 34 Taxes on real estate 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Internal Revenue 39 County taxes 40 City taxes 41 Canada tax 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 45 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements give items and amounts Sundries 53 Agents balances charged off 54 Gross loss on sale or maturity of ledger assets viz Stocks 238193 78 9246 43 228947 35 183576 31 77749 IS 12984 02 8748 60 7137 00 7398 26 7575 18 2 00 6 73 913 15 177 21 878 17 2781 54 4225 84 6297 98 464 10 5111110 III 7376 11 94 21 12001 50 56 Total disbursements 619934 471004 CompteollebGenebals Eepoet IVLedger Assets 1 Book value of real estate 255763 18 2 Mortgage loans on real estate 45500 00 4 Book value of bonds 28128783 and stocks 260 06284 total 541350 67 5 Cask in companys office 218 75 6 Deposits in trust companies and banks not on interest 23726 95 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Plate glass 8860308 total 88603 08 On policies or renewals issued prior to October 1 1912 Plate glass 1561613 total 1561613 24 Total 104219 21 30 Ledger assets 970778 76 NonLedger Assets 31 Interest accrued 37124 on mortgages 1171 24 32 Interest accrued on bonds 2M4 05 37 Rents due and accrued on companys prop erty or lease 275 00 38 Market value of real estate over book value 19236 82 40 Other nonledger assets viz Salvage glass on hand 5697 43 42 Sundry accounts 145 00 43 Gross assets 2S049 54 Deduct Assets Not Admitted 4i Furniture and fixtures salvage glass on hand 7fic 43 48 Loans on personal security endorsed or not sundry accounts 145 00 W Premiums in course of collection written prior to October 1 1912 15616 13 51 Book value of ledger assets over market value viz Bonds 13988 83 53 Stocks 247N B i 56 Admitted assets 930 052 07ComptkolleeGeneeals Bepoet VLiabilities 1 Losses and claims adjusted Plate glassi 2 Losses and claims reported or in process of adjustment Plate glass 1005 13455 81 12755 88 4 Total losses and claims Plate glass 6 Net unpaid claims except liability claims plate glass 26211 09 26211 69 8 Total losses and claims Plate glass 26211 69 20 Total unpaid claims and expenses of settlement 26211 69 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 491 57290 unearned premiums fifty per cent 245786 45 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 16390016 unearned premiums pro rata 7982685 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after Oct 1 1912 viz Plate glass 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 37 Other liabilities viz Reserve for unreported losses 39 Building reserve fund 325613 30 29534 36 6 42 8000 00 269 24 9000 00 5450 21 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 48 Surplus over all liabilities 284996 77 49 Surplus as regards policyholders 50 Total liabilities 404085 30 534996 77 939082 07 Business in the State of Georgia During the Year dross premiums less return premiums on risks written or renewed during the year Plate glass Gross losses paid Plate glass 1157 74 270 771006 ComptrollerGenerals Report UNITED STATES BRANCH OF THE LONDON GUARANTEE AND ACCIDENT COMPANY LTD OF LONDON ENGLAND P W Lawson General Manager T L Riley Co Attorneys for Service in Georgia ICapita Stock 1 Amount of capital paid up in cash statutory de posit 500000 00 2 Amount of ledger assets as per balance December 31 of previous year4 3560103 55 Extended at J560J03 55 TTIncome 1 Gross premiums written and renewed during the year Accident 11649253 health 19202 82 liabilitv 3581943 51 steam boiler 4304598 burglary and tJheft 156045 69 credit 36733334 auto property damage 21207209 workmens collective 86 97654 total 4583112 50 2 Deduct reinsurance Accident 1487998 health 158184 liability 1019302 steam boiler 1095664 burglary and theft 1964517 credit 400000 auto property damage 2682 workmens collective 48139 total 61764 S Deduct return premiums on policies can celled Accident 197797 health 47451 liability 34348744 steam boiler 452137 burglary and theft 666100 credit 141625 auto prop erty damage 23352SS workmens col lective 923713 total 391128 55 4 Deduct premiums on policies not taken Accident 1444795 health 398501 liability 26078638 steam boiler 6 85769 burglary and theft 2135149 credit 1031250 auto property dam age 2436169 workmens collective 240444 total 34406 45 5 Total deductions Accident 3130520 health 604136 liability 61446684 steam boiler 2233570 burglary ComptrollerGenerals Beport 1007 and theft 4765766 credit 1572875 auto prop erty damage 4774139 workmens collective 12 12296 total 797399 86 6 Net premiums Accident 8518733 health 1316146 liability 296747667 steam boiler 2071028 burg lary and theft 10838803 credit 35160459 auto property damage 16433070 workmens collective 7485358 total 3785712 64 24 Gross interest on bonds and dividends on stocks less 509257 accrued interest on bonds acquired during 1912 95026 91 25 Gross interest on deposits in trust com panies and banks 3867 17 26 Gross interest from all other sources On delayed premiums etc 126 65 3CI Total gross interest and rents 99020 73 31 From other sources Profit and Loss Co writing off old checks not presented for payment 336 34 Cash received from home office London 381962 85 39 Total income 4267053 17 IIIDisbursements 1 Gross amount paid for losses Accident 9550397 Health 868768 liability 140211518 steam boiler 299986 burglary and theft 5753299 credit 30123788 auto property damage 4536291 work mens collective 4843117 total 1961871 64 2 Deduct reinsurance Accident 3671114 health 40389 burglary and theft 3 67147 total 40786 50 3 Deduct salvage Burglary and theft 1 19801 credit 6872171 total 69919 72 4 Total deduction Accident 3671114 health 40389 burglary and theft 486948 credit 6872171 total 110706 22 5 Net amount paid policyholders for losses Accident 58 79283 health 828379 liability 1402115 18 steam boiler 299986 burglary and theft 5266351 Credit 23251617 auto property damage 4536291 workmens collective 4843117 total 1851165 42 17 Investigation and adjustment of claims viz Accident 329178 health 12789 liability 42843920 burg lary and theft 227400 credit 476548 auto prop erty damage 79164 total 439689 991008 ComptrollerGenerals Report 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 2962182 health 440171 liability 735 42948 steam boiler 515761 burglary and theft 3679163 credit 10550950 auto property damage 4313105 workmens collective 1697145 977014 25 28 Salaries fees and other compensation of officers directors trustees and home office employees 99444 26 29 Salaries traveling and all other expenses of agents not paid by commissions 96842 87 31 Inspections other than medical and claim 38506 14 32 Bents 9821 34 35 State taxes on premiums 51090 90 36 Insurance department licenses and fees 4350 15 37 All other licenses fees and taxes Personal property tax 1170 29 40 State city county taxes and fees 2 162 64 41 Income tax sterling bonds 50 04 42 Legal expenses 1 877 18 43 Advertising 11084 83 44 Printing and stationery jg 043 05 45 Postage telegraph telephone and express 6041 17 46 Furniture and fixtures 2 57 86 47 Stockholders for interest or dividends amount declared during the year remitted home office 57125 30 49 Office and general expense 5 957 23 50 Exchange 680 18 51 Bureau subscriptions 8 334 80 3683039 37 56 Total disbursements IVLedger Assets 4 Book value of lionds 2 922 960 21 5 Cash in companys office 1500 00 7 Deposits in trust companies and banks on interest 349 418 69 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 1521521 health 380428 liability 64601654 steam boiler 754865 burglary and theft 2831794 auto property damage 3198852 workmens collective 17 70020 total 750591 34 On policies or renewals issued prior to October 1 1912 Accident 212708 health 64873 liability 8513248 steam boiler 146666 burglary andComptrollerGenerals Keport 1009 theft 86950 auto property damage 140234 workmens collective 74681 total 92393 60 24 Total 842984 94 26 Other ledger assets viz Work Oomp Reinsurance and Inspection Bureau 4881 70 27 Working funds in hands of claim agents 5700 00 28 Agents suspense 15672 12 29 Traveling 999 69 30 Ledger assets 4144117 35 NonLedger Assets 32 Interest accrued on bonds 38081 48 43 Gross assets 4182198 83 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 92393 60 51 Book value of ledger assets over market value 180414 16 53 Working funds in hands of claim agents 5700 00 54 Agents suspense 15672 12 55 Traveling 999 69 56 Admitted assets 3887019 26 VLiabilities Losses and claims reported or in process of adjustment Accident 563500 health 198000 steam boiler 335500 burglary and theft 863000 credit on policies expiring prior to Oct 1912 6750 auto property damage 1315000 workmens collective 830800 total 47808 00 Losses and claims resisted Accident 4750000 credit on policies expiring prior to Oct 1912 3400000 total 81300 00 Total losses and claims Accident 5313500 health 9180 steam boiler 335500 burglary and theft 6830 credit on policies expiring prior to Oct 1912 4075000 auto property damage 1315000 workmens collective 830800 total 129308 00oio ComptbollebGeneeals Repobt 5 Deduct reinsurance Accident 1669300 health 2200 burglary and theft 69200 total 6 Net unpaid claims except liability claims Accident 3644200 health 195800 steam boiler 335500 burglary and theft 793800 credit on policies ex piring prior to Oct 1912 4075000 auto property damage 1315000 workmens collective 830800 total 7 Estimated expenses of investigation and adjustment of unpaid claims Credit On policies expiring prior to Oct 1912 17407 00 111901 00 2000 00 8 Total losses and claims Aceident 3644200 health 195800 steam boiler 335500 burglary and theft 793800 credit on policies expiring prior to Oct 1912 4275000 auto property damage 1315000 workmens collective 830800 total 113901 00 17 Special reserve for unpaid liability losses 1061093 00 IS Special reserve for credit losses on policies expiring in October November and December 1912 being fifty per cent of 11297250 gross premiums received on said policies less 1566634 paid during said months on losses under said policies 40819 91 19 Special reserve for accrued losses on credit policies in force December 31 1912 being fifty per cent of 14584417 earned premiums on said policies 72922 08 20 Total unpaid claims and expenses of settlement 1288735 99 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 254556226 unearned premiums fifty per cent 1272781 13 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 27024760 unearned premiums pro rata 134776 61 23 Total unearned premiums as shown by recapitulation 1407557 74 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 511747 health 133150 liability 15894355 steam boiler 221182 burglary and theft 946725 auto property damage 879684 workmens collective 442505 total 190293 48ComptrollerGenerals Eeport 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 35 Reinsurance 36 Advance premiums one hundred per cent 1011 554 73 30000 00 11444 41 7663 77 742 03 46 Total amount of all liabilities except capital 2936992 15 47 Capital actually paid up in cash statutory deposit 500000 00 48 Surplus over all liabilities 450027 11 49 Surplus as regards policyholders 950027 11 50 Total liabilities 3887019 26 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 382033 health 112599 liability 1717413 steam boiler 37702 burglary and theft 92454 automobile property dam age 151377 workmens collective 85434 total Gross losses paid Accident 179658 health 201091 liability 1349897 burglary and theft 19625 automobile property damage 44860 workmens col lective 17813 total 25790 32 18129 44 LOYAL PROTECTIVE INSURANCE COMPANY OF BOSTON MASS S Augustus Allen President Frances R Parks Secretary W 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 as per balance December 31 of previous year 351207 23 Extended at 351207 231012 ComptrollerGenerals Eeport IIIncome 1 Gross premiums written and renewed during the year Accident 512032 65 3 Deduct return premiums on policies can celled Accident 1824 68 5 Total deductions Accident 6 Net premiums Accident 20 Policy fees required or represented by applications 24 Gross interest on bonds and dividends on stocks less 30396 accrued interest on bonds acquired during 1912 9451 04 25 Gross interest on deposits in trust com panies and banks 2185 70 29 Gross rents from eompanys property 120 00 30 Total gross interest and rents 36 From agents balances previously charged off 39 Total income IIIDisbursements 1 Gross amount paid for losses Accident and health 5 Net amount paid policyholders for losses Accident and health 17 Investigation and adjustment of claims viz Accident and health 125132 total 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 28 Salaries fees and other compensation of officers directors t nistees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 30 Medical examiners fees and salaries 31 Inspections other than medical and claim 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation tax 39 State Seey certificates and filing fees 9025 Cal Corp tax 2500 total 1824 68 510807 97 46388 00 11756 7 303 00 569255 71 297353 92 297353 92 1251 32 46277 00 48695 15 71347 00 11383 23 219 00 52 80 1338 04 8521 10 2452 50 118 03 115 25 ComptrollerGenerals Eeport 1013 40 Arkansas franchise tax 10000 Kan school fund tax 5000 total 41 Mass corp tax 35386 carr and custody of funds Mass 5000 Wis 25 cents total 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 49 Mis safe deposit 2000 petty cash 13289 consulting Actuary 10000 total 50 Ins Journals and Assns 96325 exchange 19260 health bulletin 90990 total 51 Office supplies 142419 Ins and Bonding Cos 35142 52 Officers travelling expense 28670 badges 45528 53 Agents balances charged off 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 56 Total disbursements IVLedger Assets 4 Book value of bonds 27736864 and stocks 1930000 total 5 Cash in companys office 7 Deposits in trust companies and banks on interest 30 Ledger assets NonLedger Assets 32 Interest accrued on bonds 43 Gross assets 3850 84 Deduct Assets Not Admitted 51 Book value of ledger assets over market value viz Bonds 53 Stocks 4938 64 500 00 54 Total 50 A dmitfed assets 30 00 404 11 4973 71 1966 24 7606 00 7586 93 797 49 10000 00 252 89 2065 75 1775 61 741 98 231 85 387 50 531064 40 296668 64 600 00 92129 90 389398 54 393249 38 5438 64 387810 741014 ComptrollerGeneral s Report VLiabilities 1 Losses and claims Includes 1000000 estimate for claims not reported incurred prior to Dec 31 1912 2 Losses and claims reported or in process of adjustment Accident and health 3 Losses and claims resisted Accident and health 4 Total losses and claims Accident and health 6 Net unpaid claims except liability claims Accident and health 7 Estimated expenses of investigation and adjustment of unpaid claims Accident and health 3 Total losses and claims Accident and health 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 13924100 unearned premiums pro rata 92827 33 23 Total unearned premiums as shown by recapitulation 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36 Advance premiums one hundred per cent 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 100000 00 48 Surplus over all liabilities 100795 91 73831 64 268 52 74100 16 74100 16 140 35 74240 51 74240 51 92827 33 100 00 8775 99 5071 00 181014 83 49 Surplus as regards policyholders 206795 91 50 Total liabilities 387 810 74 Business in the State of Georgia During the Year Cross premiums less return premiums on risks written or renewed during the year Accident and health Gross losses paid Accident and health 1730 72 1401 57CompteolleeGeneeals Repobt 1015 UNITED STATES BRANCH OP THE LONDON LANCASHIRE GUARANTEE AND ACCIDENT COMPANY OF CANADA United States Office 5759 William St New York N Y A MacLean Manager ICapital Stock 1 Amount of deposit capital 250000 00 2 Amount of ledger assets as per balance December 31 of previous year Extended at 298975 298975 S9 IIIncome 1 Gross premiums written and renewed during the year Accident 1008433 health 219575 plate glass 1926911 total 2 Deduct reinsurance Accident 35250 health 14700 total 3 Deduct return premiums on policies can celled Accident 21678 health 7050 plate glass 328X4 total 4 Deduct premiums on policies not taken Accident 58650 health 22050 plate glass 200992 total 5 Total deductions Accident 115578 health 43800 plate glass 233806 total 6 Net premiums Accident 892855 health plate glass 1693105 total 24 Gross interest on bonds and dividends on stocks less 16020 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 31549 19 499 50 615 42 2816 92 9172 50 959 19 30 Total gross interest and rents 31 From other sources Eemittances from head office 33 London and Lancashire Fire Ins Co Ltd cash advanced 3931 84 27617 35 39 Total income 10131 69 370788 78 1000 00 409537 2 IIIDisbursements 1 Gross amount paid for losses Accident 57700 health 16434 plate glass 214503 total 2886 371016 ComptrollerGenerals Report 2 Deduct reinsurance Accident 4375 health 2860 total 3 Deduct salvage Plate glass 72 35 21 87 4 Total deduction Accident 4375 health 2860 plate glass 2187 total 5 17 23 28 29 31 32 35 36 39 43 44 45 46 48 50 51 52 Net amount paid policyholders for losses Accident 53325 health 13574 plate glass 2123 16 total Investigation and adjustment of claims viz Accident 7375 plate glass 4236 total Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 172868 health 36868 plate glass 352055 total Salaries fees and other compensation of officers directors trustees and home office employees Salaries traveling and all other expenses of agents not paid by commissions Inspections other than medical and claim Rents State taxes on premiums Insurance department licenses and fees Municipal taxes Advertising Printing and stationery Postage telegraph telephone and express Furniture and fixtures Other disbursements Information bureaus Traveling Office expenses Investment expense insurance on bonds 56 Total disbursements IVLedger Assets 4 Book value of bonds 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 3 06948 health 58570 plate glass 5 45303 total On policies or renewals issued prior to October 1 1912 Accident 33160 91 OS 21 94 22 2792 15 116 IT 5617 91 2446 73 6740 18 121 67 94 21 45 08 3008 94 27 195 3519 00 OS 67 366 46 544 73 489 78 357 75 99 56 17 50 26600 51 583773 61 149 86 2456 82 8549 65ComptrollerGenerals Report 1017 health 1333 plate glass 58812 total 933 05 24 Total 30 Ledger assets NonLedger Assets 32 Interest due 275000 and accrued 2 74792 on bonds 497 92 37 Total 43 Gross assets Deduct Assets Not Admitted 49 Premiums in course of collection written prior to October 1 1912 51 Book value of ledger assets over market value viz Bonds per schedule D 933 05 10146 86 55 Total 56 Admitted assets VLiabilities 2 Losses and claims reported or in process of adjustment Accident 25000 health 7500 plate glass 4700 total 4 Total losses and claims Accident 25000 health 7500 plate glass 4700 total 6 Net unpaid claims except liability claims Accident 25000 health 7500 plate glass 4700 total 8 Total losses and claims Accident 25000 health 7500 plate glass 4700 total t 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2677484 unearned premiums fifty per cent 13387 42 10041 26 681913 20 5497 92 687411 12 11079 91 676331 21 372 00 372 00 372 00 372 00 372 001018 ComptrollerGenerals Eeport 22 Gross premiums less reinsurance upon all unexpireil risks running more than one year from date of policy 14475 un earned premiums pro rata 144 75 23 Total unearned premiums as shown by recapitulation 13532 17 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 94399 health 16295 plate glass 188195 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 35 Reinsurance 37 Other liabilities viz Due London and Lancashire Fire Insurance Company Ltd 46 Total amount of all liabilities except capital 47 Deposit capital 250000 00 48 Surplus over all liabilities 402377 00 49 Surplus as regards policyholders 652377 00 50 Total liabilities 676331 21 2988 89 5068 27 643 19 286 45 63 24 1000 00 23954 21 MARYLAND CASUALTY COMPANY OF BALTIMORE MARYLAND Jno T Stone President Jas F Mitchell Secretary A Haas Son Howell Attorneys 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 6383939 53 Extended fit 6383939 53 IIIncome 1 dross premiums written and renewed during the year Accident 96407597 health 38340921 liability 358267745 fidelity 28925718 surety 50216308ComptrollerGexerals Report 1019 10937354 plate glass 36831495 steam boiler 36447654 burg lary and theft 39327175 sprinkler 16645147 fly wheel 3418084 auto property damage 18563528 workmens collective 9833761 phys defense S 50130 total 2 Deduct reinsurance Accident 4224848 health 1259514 liability 94009 fidelity 2234868 surety 2216956 plate glass 52082 burglary and theft 724520 Sprinkler 130032 phys defense 525 total 3 Deduct return premiums on policies can celled Accident 164047 health 1 06845 liability 22093158 fidelity 400210 surety 1092304 plate glass 260318 steam boiler 1043164 Burglary and theft 166041 sprinkler 153365 fly wheel 31572 auto prop erty damage 299511 workmens col lective 349050 phys defense 12054 total 4 Deduct premiums on policies not taken Accident 14339466 health 7142650 liability 52669168 fidelity 5299707 surety 4463719 plate glass 74 90425 steam boiler 7124458 burg lary and theft 8230938 Sprinkler 5235904 fly wheel 660287 auto property damage 4169093 workmens collective 1017834 phys defense 949015 total 1187926 64 7382752 63 261716 39 6 Total Deductions Accident 18728361 health 8509009 liability 74856335 fidelity 7934785 surety 77 72979 plate glass 7802825 steam boiler 8167622 burglary and theft 9121499 sprinkler 5519301 fly wheel 691859 auto property damage 4468604 workmens collective 1366884 phys defense 9 61594 total Net premiums Accident 77679236 health 29831912 liability 283411410 fidelity 20990933 surety 42443329 plate glass 29028670 steam boiler 28280032 burglary and theft 30205676 sprinkler 11125846 fly wheel 27262 25 auto property dam 14094924 workmens collective 8466877 age phys 1559016 57 defense 4088536 total 5823736 061020 ComptrollerGenerals Eeport 24 Gross interest on bonds and dividends on stocks less 5340i3 accrued interest on bonds acquired during 1912 186 667 4 25 Gross interest on deposits in trust com panies and banks 91q qq 26 Gross interest from all other sources 916 47 29 Gross rents from companys property in cluding 6251061 for companys occu pancy of its own buildings 82 713 58 30 Total gross interest and rents 71 OQ 37 Gross profit on sale or maturity of ledger assets viz Bonds oc r 1848 05 38 Gross increase by adjustment in book value of ledger assets viz Bonds Stocks 5663 15375 00 39 Total income I 6117830 24 HIDisbursements L Gross amount paid for losses Accident 38603314 health 17086428 liability 121551033 fidelity 19 879 00 surety 6270056 plate glass 12382138 steam boiler 2704501 burglary and theft 8208522 sprinkler 5625910 fly wheel 110085 auto property damage 4900188 workmens collective 5083145 phys defense 1701392 total 2262146 12 Deduct reinsurance Accident 2126800 health 644803 burglary and theft 55111 total og 0g 14 3 Deduct salvage Liability 66600 fidelity 639284 surety 1095674 plate glass 278440 steam boiler 59631 sprink ler 305444 total oM50 3 4 Total deduction Accident 2126800 health 6 448 03 liability 66600 fidelity 639284 surety 10956 74 plate glass 278440 steam boiler 59631 burglary and theft 55111 sprinkler 305444 total 52j77 g 5 Net amount paid policyholders for losses Accident 3646514 health 16441625 liability 1214 844 33 fidelity 1348616 surety 5174382 plate glass 12103698 steam boiler 2644870 burglary and theft 8153411 sprinkler 5320466 fly wheel 1100 85 auto property damage 4900188 workmens collective 0083145 phys defense 1701392 total 2209 428 5 17 Investigation and adjustment of claims viz Accident 17 94962 health 645077 liability 40839065 fidelity ComptrollerGenerals Report 1021 31421 surety 535872 plate glass 420779 steam boiler 111560 burglary and theft 718818 sprinkler 285631 fly wheel 210 auto property damage 374550 workmens collective 291042 phys defense 606496 total 469382 73 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 28221698 health 9217007 liability 64194090 fidelity 5493920 surety 97 40250 plate glass 9636319 steam boiler 6921628 burglary and theft 8700680 sprinkler 2582622 fly wheel 681203 auto property damage 3004268 workmens collective 1625625 phys defense 12 03919 total 1512232 29 28 Salaries fees and all other compensation of officers directors trustees and home office employees 296903 84 29 Salaries traveling and all other expenses of agents not 204984 45 paid by commissions 30 Medical examiners fees and salaries du 31 Inspections other than medical and claim 141751 39 32 Bents including 6251061 for companys occupancy of its own buildings 33 Repairs and expenses other than taxes on real estate 491 o4 bo 9 894 96 34 Taxes on real estate 8o 449 zo 35 State taxes on premiums iq497 32 36 Insurance department licenses and fees 1947 37 All other licenses fees and taxes Federal corporation 2644 4o rtaX 5634 52 39 Municipal licenses 40 Traveling 41 Premium on bonds 26080 miscellaneous 29811 total oo tfl 42 Legal expenses foJllltl 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express W 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared s 180000 00 during the year 48 Other disbursements Bureaus and Assns 50 Exchange and interest JJJ 51 Tax on capital stock 54 Gross loss on sale or maturity of ledger assets viz 472 5ft Bonds 55 Gross decrease by adjustment in book value of ledger fi4 o49 9 assets viz Bonds loO 00 Stocks 56 Total disbursements 5501859 511022 ComptrollerGenerals Report IVLedger Assets 1 Book value of real estate 1 248 827 20 2 Mortgage loans on real estate first liens 600000 other than first 1945774 25 457 74 4 Book value of bonds 411964169 and stocks 32438500 4444026 69 5 Cash in companys office 21 584 43 6 Deposits in trust companies and banks not on interest 17307 32 7 Deposits in trust companies and banks on interest 162107 17 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 112 60977 health 3917825 liability 46473849 fidelity 2239594 surety 8004008 plate glass 4515075 steam boiler 6161515 burglary and theft 6102068 sprinkler 2008750 fly wheel 310355 auto property damage 2297474 workmens collective 20 89491 phys defense 631704 total 960126 85 On policies or renewals issued prior to October 1 1912 Accident 69318 health 43955 liability 2067686 fidelity 234794 surety 3419514 plate glass 40698 steam boiler 9138 burglary and theft 27321 sprinkler 22922 auto property damage 96494 workmens collective 3907 phys de fense 13200 total 60489 47 24 Total 25 Bills receivable secured 856648 for premium 200000 26 Other ledger assets viz Bills receivable unsecured 28 Agents balances 29 Reinsured losses due from other co s 1020616 32 10566 48 5979 29 39600 78 3836 84 30 Ledger assets g nqp 910 26 NonLedger Assets 32 Interest accrued on bonds 43 Gross assets 28511 52 7028421 78 Deduct Assets Not Admitted 45 Bills receivable 5 979 29 49 Premiums in course of collection written prior to October 1 1912 60489 47ComptrollerGenerals Beport 1023 51 Book value of ledger assets over market value viz Agents balances 39600 7S 56 Admitted assets 6922352 24 VLiabilities Losses and claims resisted for policyholders Surety 57678 steam boiler 720000 auto property damage 9 37700 phys defense 1370000 total 2 Losses and claims reported or in process of adjustment Accident 7202835 health 1734427 fidelity 19 06477 surety 3825609 plate glass 1961936 steam boiler 558913 burglary and theft 1623763 sprmk ler 618255 auto property damage 958028 work mens collective 1247726 phys defense 382o00 3 Lossland claims resisted Accident 2985000 health 500 00 fidelity 1425000 steam boiler 20000 burglary and theft 1395000 sprinkler 147500 fly wheel 75000 total 4 Total losses and claims Accident 10187835 health 7 84427 fidelity 3331477 surety 6582287 plate glass 1961936 steam boiler 1548913 burglary and theft 3018763 sprinkler 765755 fly wheel 75000 auto property damage 1195728 workmens collective 1247726 phys defense 1752500 totals 6 Net unpaid claims except liability claims Accident 10187835 health1784427 fidelity 333147 Surety 65822 87 plate glass 1961936 steam boiler 15 48913 burglary and theft 3018763 sprinkler 7 65755 fly wheel 75000 auto property damage 1195728 workmens collective 1247726 phys fense 1752500 total 7 Estimated expenses of investigation and adjustment ot unpaid claims Accident 229174 health 23503 plate glass 2947 steam boiler 125587 burglary and theft 196107 sprinkler 38609 auto property damage 178672 1S collective 331674 total 50853 78 220194 69 63475 00 334523 47 de 334523 47 workmens collective 11262 73 8 Total losses and claims Accident 10417009 health 18 07930 fidelity 3331477 surety 6582287 plate glass 1964883 steam boiler 1674500 burg lary and theft 3214870 sprinkler 804364 fly wheel1024 ComptrollerGenerals Report 75000 auto property damage 1374400 workmens collective 1579400 phys defense 1752500 total 17 Special reserve for unpaid liability losses 345786 20 119423500 20 Total unpaid claims and expenses of settlement 1540021 20 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 419271198 unearned premiums fifty per cent 2096355 99 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 107094133 unearned premiums pro rata 588 909 12 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 3941341 health 1295345 liability 11529660 fidelity 5 97972 surety 2041022 plate glass 1462884 steam boiler 1484925 burglary and theft 1745191 sprinkler 460003 fly wheel 78830 auto property damage 574367 workmens collective 522373 phys defence 189511 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Kstimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Reinsurance 2685265 11 259234 24 14638 22 99259 34 11151 85 46 Total amount of all liabilities ex cept capital 4609572 96 47 Capital actually paid up in cash 1000000 0 48 Surplus over all liabilities 1312779 28 49 Surplus as regards policyholders 2 312 779 8 50 Total liabilities 69223o2 27 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 2202346 health 1591855 liability 5490669 filelitv 221393 Surety 289392 plate glass 580550 steam boiler 295440 burglary and theft 626138 sprinklerComptrollekGenerals Eeport 1025 60315 fly wheel 214451 automobile property dam age 831164 workmens collective 936 phys de fense 43900 total Gross losses paid Accident 977742 health 1120931 liability 2297741 fidelity 52345 surety 46305 plate glass 265897 steam boiler 7544 burglary and theft 389417 sprinkler 25762 automobile property damage 377562 workmens collective 7262 total 123966 77 55685 08 MASSACHUSETTS BONDING AND INSURANCE COMPANY OF BOSTON MASSACHUSETTS T J Falvey President John T Burnett Secretary Home Office 7785 State Street Boston Massachusetts 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 2288283 08 Exten dedat 2288283 08 IIIncome 1 Gross premiums written and renewed during the year Accident and health 35911258 liability 99116231 fidelity 32191886 surety 56931098 plate glass 21389073 burglary and theft 19114490 fiuto property damage 2896127 total 2675501 63 2 Deduct reinsurance Accident and health 752330 liability 1040250 fidelity 1541891 surety 3239578 burglary and theft 2751406 total 93254 55 3 Deduct return premiums on policies can celled Accident and health 1876465 liability 8061536 fidelity 2299160 surety 4534133 plate glass 8 99302 burglary and theft 1951201 auto property damage 642317 total 202641 14 4 Deduct premiums on policies not taken Accident and health 2787426 liabil ity 13814987 fidelity 19138561026 OomptbollebGeneeals Eepoet surety 4394638 plate glass 21 69384 burglary and theft 2893681 total 279739 72 5 Total deductions Accident and health 5416221 liability 229167 73 fidelity 5754907 surety 12 68349 plate glass 3068686 burglary and theft 7596288 auto property damage 642317 total 575635 41 6 Net premiums Accident and health 30495037 liability 76199458 fidelity 26436979 surety 44762749 plate glass 18320387 burglary and theft 115 18202 auto property damage 2253810 total 2099866 22 20 Policy fees required or represented by applications 12544 00 24 Gross interest on bonds and dividends on stocks less 369546 accrued interest on bonds acquired during 1912 69878 68 25 Gross interest on deposits in trust com panies and banks 3800 28 26 Gross interest from all other sources 13 41 29 Gross rents from companys property 272 40 30 Total gross interest and rents 73964 77 31 From other sources North Boston lighting properties rights 200 00 33 Pennsylvania Casualty Co 2 37 37 Gross profit on sale or maturity of ledger assets viz Bonds 1686 25 39 Total income 2188263 61 I IIIDisbursements 1 Gross amount paid for losses Accident and health 68 15750 liability 12541979 fidelity 3299142 surety 14985503 plate glass 4487698 burglary and theft 3183571 auto property damage 287604 total 2 Deduct reinsurance Accident and health 17500 burglary and theft 374116 total 3916 16 3 Deduct salvage Fidelity 371206 surety 3415601 late glass 5962 burglary and theft 106038 total 38988 07 4 Total deduct ion Accident and health 17500 fidelitv 371206 surety 3415601 plate glass 5962 burg lary and theft 480154 total 456012 47 42904 23ComptrollerGenerals Report 1027 5 Net amount paid polieyholders for losses Accident and health 67982 50 liability 12541979 fidelity 29 27936 surety 11569902 plate glass 4481736 burglary and theft 2703417 auto property damage 287604 total 17 Investigation and adjustment of claims viz Accident and health 250079 liability 2504320 fidelity 535912 surety 2186943 burglary and theft 2 35884 total 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 11556436 liability 15228738 fidelity 4770916 surety 10421335 plate glass 6484415 burglary and theft 3005650 auto property damage 103155 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 31 Inspections other than medical and claim 32 Rents 33 Repairs and expenses other than taxes on real estate 34 Taxes on real estate 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes 38 Federal corporation tax 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Traveling expenses 26904 78 Supplies 427 25 Dividends to polieyholders 88 62 Light and heat I206 89 Profit and loss 87 50 Mercantile agencies 1588 80 Miscellaneous 7043 86 Underwriters Boards and Tariff Assn 2418 45 Insurance 1110 33 52 Total 413108 24 57131 38 12544 00 515706 45 141323 13 170782 80 2490 03 15870 38 717 14 677 86 11871 61 10553 20 6616 10 116 18 7682 10 15839 10 29706 57 25374 86 15122 00 60000 00 47882 481028 ComptrollerGenerals Beport 53 Agents balances eharged off 54 Gross loss on sale or maturity of ledger assets viz Bonds 56 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Book value of bonds 173906347 and stocks 25842 total 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident and health 4733022 liability 19983872 fidelity 7362479 surety 11569610 plate glass 5258914 burglary and theft 3155348 automobile property damage 525892 total On policies or renewals issued prior to October 1 1912 Accident and health 984312 liability 4155981 fidelity 1531151 surety 2406094 plate glass 1093679 burglary and theft 656208 automobile property damage 109367 total 215 947 11 939 75 1563002 47 14000 00 5000 00 1954321 89 18569 84 43228 01 213307 02 525891 37 24 Total 25 Bills receivable 26 Other ledger assets viz 27 Advanced on contracts 28 Deposited with Workmens Compensation Reinsurance and Inspection Bureau 29 Due from Pennsylvania Casualty Company 109367 92 280ss 76 753 10 512 41 635259 29 504 00 Total 20354 17 30 Ledger assets NonLedger Assets 32 Interest accrued on bonds 20725 84 2113544 22 37 Total 43 Gross assets 20725 84 2934270 06ComptbollebGenebals Eepokt 1029 Deduct Assets Not Admitted 45 Bills receivable 504 00 49 Premiums in course of collection written prior to October 1 1912 109367 92 51 Book value of ledger assets over market value viz Stocks and bonds 49923 89 53 Workmens Compensation Reinsurance and Inspection Bureau 1 0 03 55 Total 56 Admitted assets 159966 84 2774303 22 VLiabilities 2 Losses and claims reported or in process pf adjustment Accident and health 3117887 fidelity 908244 surety 8256146 plate glass 248284 burglary and theft 852400 auto property damage 61250 total Losses and claims resisted Accident and health 14 09065 fidelity 635000 surety 8696947 burglary and theft 1124000 auto property damage 100000 total 3 134442 11 119650 12 4 Total losses and claims Accident and health 4526952 fidelity 1543244 surety 16953093 plate glass 2 48284 burglary and theft 1976400 auto property damage 161250 total Deduct reinsurance Accident and health 700000 fidelity 125000 surety 250000 burglary and theft 2 79932 total 254092 23 13549 32 6 Net unpaid claims except liability claims Accident and health 3826952 fidelity 1418244 surety 167 03093 plate glass 248284 burglary and theft 16 96468 auto property damage 161250 total 240542 91 7 Estimated expenses of investigation and adjustment of unpaid claims fidelity 227500 surety 1080000 total 13075 00 8 Total losses and claims Accident and health 3826952 fidelity 1645744 surety 17783093 plate glass 248284 burglary and theft 1696468 auto property damage 161250 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 253617 91 86682 45 340300 361030 ComptrollerGenerals Report 21 Gross premiums less reinsurance upou all unexpired risks running one year or less from date of policy 142378201 unearned premiums fifty per cent 711891 00 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 30327244 unearned premiums pro rata 138269 56 23 Total unearned premiums as shown by recapitulation 850160 50 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident and health 1183255 liability 4995968 fidelity 1840619 surety 2892403 plate glass 1314728 burglary and theft 788838 auto property damage 131473 total 131472 84 29 Salaries rents expenses bills accounts fees etc due or aecrued 6759 39 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement oi aq n0 35 Reinsurance nun ah 9119 46 36 Advance preminms one hundred per cent not included in items 23 and 28 above 3 500 00 46 Total amount of all liabilities except capital 1372822 43 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities 401480 79 49 Surplus as regards policyholders 1401480 79 50 Total liabilities 2774303 22 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident and health 2 84577 liability 492729 fidelity 471016 surety 1374166 plate glass 125166 burglary and theft 523I8j automobile property damage 11106 total 22110 78 Gross losses paid Accident and health 46619 liability 1 31615 surety 176485 plate glass 7495 burglary and theft 7980 total 3 701 94ComptrollerGenerals Report 1031 MASONIC MUTUAL ACCIDENT COMPANY OF SPRINGFIELD MASS Clyde W Young President Samuel W Munsell Secretary Home Office 121 State Street Springfield Mass ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 24780 23 Extended at IIIncome 1 Gross premiums written and renewed during the year Accident and health 3 Deduct return premiums on policies cancelled Accident and health 6 Net premiums Accident and health 20 Policy fees required or represented by applications 24 Gross interest on bonds and dividends on stocks less 6327 accrued interest on bonds acquired during 1912 786 73 25 Gross interest on deposits in trust com panies and banks 118 30 Total gross interest and rents 39 Total income v IIIDisbursements 1 Gross amount paid for losses Accident and health 5 Net amount paid policyholders for losses 17 Investigation and adjustment of claims viz Accident and health 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 28 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Medical examiners fees and salaries 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 24780 23 51506 35 219 28 51287 07 13800 00 904 90 65991 97 24525 58 24525 58 671 98 13800 00 8227 24 8213 70 80 00 892 00 392 05 794 551032 COMPTROLLERGrENERAL s REPORT 37 AH other licenses fees and taxes Tax on e fund 42 Legal expenses 43 Advertising printing and stationery 45 Postage telegraph telephone and express 46Furniture and fixtures 48 Other disbursements Miscellaneous expenses 50 Traveling expenses of officers 53 Agents balances charged off mergency 55 Total disbursements 3 63 71 95 1711 92 1369 61 241 76 731 97 1157 10 132 31 63017 35 IVLedger Assets 4 Book value of bonds 5 Cash in companys office 7 Deposits in trust companies and banks on interest 26 Other ledger assets viz Agents balances 28 Interest in hands of State Treas 30 Ledger assets NonLedger Assets 32 Interest accrued on bonds 354 60 Total 39 Market value not including interest in item 32 of bonds and stocks over book value 40 Other nonledger assets viz 41 Furniture and fixtures 12 Supplies on hand ii Gross assets Deduct Assets Not Admitted 46 Furniture and fixtures 47 Supplies printed matter and stationery 50 Overdue and accrued interest on bonds in default 51 Honk value of ledger assets over market value viz Agents balances 950 00 250 00 437 60 921 38 56 Admitted assets 20397 60 1092 22 5148 65 921 38 195 00 27754 85 354 60 100 00 950 00 250 00 29409 45 26850 472 8 20 22 23 24 29 30 36 46 48 49 50 ComptrollerGeneral s Report VLiabilities Losses and claims reported Accident and health Total losses and claims Accident and health Total unearned premiums as shown by recapitulation Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident and health 8596 total Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Advance premiums one hundred per cent Total amount of all liabilities except capital Surplus over all liabilities 16353 30 surplus as regards policyholders Total liabilities 1033 2210 67 2210 67 Total unpaid claims and expenses of settlement 2210 67 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 4889 94 4889 94 85 90 146 11 450 110 2713 50 10497 17 16353 30 26850 47 THE MASONIC PROTECTIVE ASSOCIATION OF WORCESTER MASS Francis A Harrington President Frank Harrington Secretary Home Office 518 Main Street Worcester Mass 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 286738 27 Extended af IIIncome 1 Gross premiums written and renewed during the year Accident and health 286738 27 295442 901034 ComptbollebGtexeeals Eepoet 3 Deduct return premiums on policies can celled Accident and health 5 Total deductions Accident and health 339 53 6 Net premiums Accident and health 20 Policy fees required or represented by applications 24 Gross interest on bonds and dividends on stocks less 68492 accrued interest on bonds acquired during 1912 9146 90 25 Gross interest on deposits in trust com panies and banks 1883 06 30 Total gross interest and rents 31 From other sources Collectors overremittances 37 Gross profit on sale or maturity of ledger assets viz Bonds 39 Total income IIIDisbursements 1 Cross amount paid for losses Accident 7849390 health 6886321 total 5 Net amount paid policyholders for losses Accident 7149390 health 6886321 total 17 Investigation and adjustment of claims viz Accident and health 22 Policy fees retained by agents 2 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 32 Rents 35 state taxes on premiums 36 insurance department licenses and fees 38 Federal corporation tax 39 state corporation tax 42 Lena I expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 339 53 295103 37 74855 00 11029 96 7 91 367 50 102 01 147357 11 147357 1 1 3846 31 73500 03 81581 44 11501 54 5477 05 1710 18 36S4 33 2259 45 176 04 1797 00 318 55 758 88 4567 22 4405 36 4418 7 5000 00ComptrollerGenerals Report 1035 48 Other disbursements Miscellaneous 53 Agents balanees charged off 54 Gross loss on sale or maturity of ledger assets viz Bonds 1062 69 55 69 1725 00 56 Total disbursements 325202 62 IVLedger Assets 4 Book value of bonds 5 Cash in companys office 7 Deposits in trust companies and banks on interest 30 Ledger assets NonLedger Assets 32 Interest accrued on bonds 4364 94 4 Total losses and claims Accident 11778 80 health 2536778 total 6 Net unpaid claims except liability claims Accident 11 77880 health 2536778 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 21560 health 45080 total 8 Total losses and claims Accident 1199440 health 25 81858 total 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running 3 months from Dec 1 1912 9353600 unearned premiums pro rata 23 62357 33 248512 50 326 85 94060 04 342899 39 43 Gross assets W 33 Deduct Assets Not Admitted 51 Book value of ledger assets over market value viz Bonds per schedule D 3382 50 56 Admitted assets 343881 83 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 11778 80 health 24667 78 totali 3 Losses and claims resisted Health 36446 58 700 00 37146 58 37146 58 666 40 37812 98 37812 98 23 Total unearned premiums hs shown by recapitulation S2357 331036 ComptrollerGenerals Eeport 29 Salaries rents expenses bills accounts feesetc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36 Advance premiums one hundred per cent 46 Total amount of all liabilities except capital 47 Cash actually paid up in cash 100000 00 48 Surplus over all liabilities 134 691 70 2169 32 5508 50 1342 00 109190 13 49 Surplus as regards policyholders 234691 70 50 Total liabilities 343 gg gg Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident and health Gross losses paid Accident and health 13454 54 10485 13 THE METROPOLITAN CASUALTY INSURANCE COMPANY OF NEW YORK N Y Eugene H Window President 8 v Burton Secretary Home Office 47 Cedar Street New fork N Y Henry Y North Augusta Attorney for service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 8418S1 96 Extended at IIIncome 841881 96 1 Gross premiums written and renewed during the year Accident 15939516 health 4765970 plate glass 64434796 total 851402 8 2 Deduct reinsurance Accident 669540 health 69698 total 7392 32 3 Deduct return premiums on policies can celled Accident 213409 health 99955 plate glass 1195921 total 15092 80CompteolleeGeneeals Repoet 1037 i Deduct premiums on policies not taken Accident 2316480 health 933713 plate glass 9393766 total126439 59 5 Total deductions Accident 3199429 health 1103360 plate glass 10589687 total 6 Net premiums Accident 12740087 health 3662610 plate glass 53845109 total 24 Gross interest on bonds and dividends on stocks less 21639 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 26146 94 1632 28 30 Total gross interest and rents 36 From agents balances previously charged off 37 Gross profit on sale or maturity of ledger assets viz Stocks 39 Total income IIIDisbursements 1 Gross amount paid for losses Accident 5199237 health 1595093 plate glass 21776397 total 2 Deduct reinsurance Accident 180694 health 37588 total 2182 82 3 Deduct salvage Plate glass 4208 27 17 23 29 30 81 32 35 Total deduction Accident 180694 health 37588 plate glass 420827 total Net amount paid policyholders for losses Accident 50 18543 health 1557505 plate glass 21355570 total Investigation and adjustment of claims viz Accident 190391 total Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 4190960 health 1284648 plate glass 17578064 total Salaries fees and all other compensation of officers directors trustees and home office employees Salaries traveling and all other expenses of agents not paid by commissions Medical examiners fees and salaries Inspections other than medical and claim Rents State taxes on premiums 148924 76 702478 06 27779 22 11 16 521 00 73079 44 285707 27 6391 09 279316 18 1903 91 230536 72 79857 06 19226 77 1996 30 19 50 7532 54 8634 931038 ComptkollerGenebals Beport 36 Insurance department licenses and fees 37 All other licenses fees and taxes Municipal licenses 38 Federal corporation tax 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 4b Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Exchange on bank checks 50 Commercial agencies and underwriters associations 61 Home office expenses for toilet supplies ice and drinking water 53 Agents balances charged off 56 Total disbursements 6784 1356 184 1278 ft 80 96 48 3072 58 7592 04 6188 55 851 1 34 20000 00 294 70 3245 46 348 83 772 54 680995 67 VLedger Assets 4 Book value of bonds 45989275 and stocks 217 58995 total 5 Cash in company g office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 22 38466 health 1026508 plate ylass 10352725 total16J7 On policies or renewals issued prior to October 1 HIJ2 Accident 90967 health 41790 plate trlass 511221 total 6439 78 24 Total 26 Other ledger assets viz Reinsurance loss account 30 Ledger assets XonLedger Assets 32 Interest accrued on bonds 5 4g2 4g 37 Total 39 Market value not including interest in item 32 of bonds and stocks over book value 677482 70 2368 15 1000 00 67823 76 142617 37 383 75 891675 73 5482 49 3942 30 43 Uross assets 901100 52ComptrollerGenerals Report 1039 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 3439 78 55 Total 56 Admitted assets VLiabilities 1 Losses and claims Reported on in process of adjustment Accident 1744649 health 252891 plate glass 10 46135 totals 3 Losses and claims resisted Accident 430750 health 15800 total 4 Total losses and claims Accident 2175399 health 268691 plate glass 1046135 total 8 Total losses and claims Accident 2175399 health 268691 plate glass 1046135 total 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 70577807 unearned premiums fifty per cent 352889 04 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 776478 health 356119 plate glass 3344232 total 29 Salaries rents expenses bills accounts foes etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Reinsurance 37 Other liabilities viz Reserve for unreported losses 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 200000 00 48 Surplus over all liabilities 238881 37 49 Surplus as regards policyholders 50 Total liabilities 6439 It 894660 74 30436 75 4465 50 34902 25 34902 25 34902 25 352889 04 44768 29 813 53 6990 78 1085 86 14329 62 455779 37 438881 37 894660 741040 ComptrollerGenerals Beport Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 5226 01 health 186314 plate glass 181741 total Gross losses paid Accident 495458 health 56854 plate glass 38996 total 8906 56 5913 08 NATIONAL CASUALTY COMPANY OF DETROIT MICHIGAN W G Curtis President Franklin S Dewey Secretary A M Crosby 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 322409 19 Extended at 322409 19 IIIncome 1 Gross premiums written and renewed during the vear Accident and health 2 Deduct reinsurance Accident and health 7921 05 3 Deduct return premiums on policies can celled Accident and health 1952 7 4 Deduct premiums on policies not taken Accident and health j s 5 Total deduct inns Accident and health 718844 68 660 33 413 74 0 Net premiums Accident and health 20 Policy fees required or represented by applications 22 Iross interest or mortgage loans 23 Gross interest on collateral loans 24 Gross interest on bonds and dividends on stocks less 68262 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 26 Gross interest from all other sources Interest on delinquent agency balances 11325 99 181 91 92 47 30 Total gross interest and rents 21412 15 697432 53 43000 00 12674 14CoMPTROLLERGrENERALS REPORT 1041 36 From agents balances previously charged off 82 50 38 Gross increase by adjustment in book value of ledger assets viz Stocks 1800 39 Total income 754989 4 IIIDisbursem ents 1 Gross amount paid for losses Accident and health 293713 09 2 Deduct reinsurance Accident and health 4987 30 4 Total deduction Accident and health 498 3U 5 Net amount paid policyholders for losses Accident and health 288727 79 17 Investigation and adjustment of claims viz Accident t in 4908 91 and health 22 Policy fees retained by agents 4192 55 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 242795 98 28 Salaries fees and all other compensation of officers directors trustees and home office employees 54820 3 29 Salaries traveling and all other expenses of agents not naid bv commissions oou 10461 76 32 Rents 12 477 21 35 State taxes on premiums I 36 Insurance department licenses and fees 323 97 37 All other licenses fees and taxes 38 Municipal licenses in states and sundries 3 030 71 42 Legal expenses o 43 Advertising 44 Printing and stationery 948 b 45 Postage telegraph telephone and express 914 03 46 Furniture and fixtures H6 58 47 Stockholders for interest or dividends amount declared during the year 16000 00 48 Other disbursements General expense 391 80 50 Traveling expenses home office 4o62 46 53 Agents balances charged off 1785 3 54 dross loss on sale or maturity of ledger assets viz da 14175 Bonds 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 849 08 56 Total disbursements Hou 1042 ComptrollerGeneral s Eeport IVLedger Assets 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other coV laterals 4 Book value of bonds 22762093 and stocks30400 00 total 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident and Aealtl1 2022 00 24 Totals 26 Other ledger assets viz Agents balances secured 30 Ledger assets NonLedger Assets 31 Interest accrued on mortgages 32 Interest accrued on bonds 33 Interest accrued on collateral loans 34 Interest accrued on other assets 40 Other nonledger assets viz Furnitui and supplies 513 67 4130 49 95 17o 00 30000 00 43 Gross assets Deduct Assets Not Admitted 47 Furniture fixtures supplies printed matter and stationery 30m 0Q 56 Admitted assets VLiabilities 2 Losses and claims reported or in process of adjustment Accident and health 3 Losses and claims resisted Accident and health 4 Total Losses and claims Accident and health Deduct reinsurance Accident and health 6 Net unpaid claims except liability claims Accident and health 25950 00 8400 00 258020 93 1756 47 27751 96 5000 00 2022 00 0192 06 335093 42 370008 IS 3400OS 49 20917 00 2260 00 2 177 00 Nil id 22488 00ComptrollerGenerals Report 1043 7 Estimated expenses of investigation and adjustment of unpaid claims Accident and health 500 00 Total losses and claims Accident and health 22988 00 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all all un expired risks running one year or less from date of policy 2212345 unearned premiums fifty per cent 11061 73 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident and health 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36 Advance premiums one hundred per cent 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 200000 00 48 Surplus over all liabilities 91614 06 49 Surplus as regards policyholders 50 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident and health Gross losses paid Accident and health 22988 00 11061 73 450 00 200 00 11000 00 2694 70 48394 43 291614 06 340008 49 7086 45 3219 07 NATIONAL SURETY COMPANY OF NEW YORK N Y Urn B Joyce President Hubert T Xewitt Secretary Home Office 115 Broadway New York City N Y Boyd Berry 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 year 6457532 35 j 6457532 35 Extended at 1044 ComptkollekGtexebals Eepoet IIIncome 1 Gross 2 3 premiums wntten and renewed during the rear Fidelity 168346609 surety 264020121 burglary and theft 74125750 total j Deduct reinsurance Fidelity 3042166 surety 15779765 burglary and theft 11262042 total 300839 73 Deduct return premiums on policies can celled Fidelity 8600019 surety 51 39092 burglary and theft 2809876 total 4 Deduct premiums on policies not taken Fidelity 22450265 surety 478 01335 burglary and theft 16835323 total 870860 23 165489 87 5064924 80 5 Total deductions Fidelity 34092450 surety 687 20192 burglary and theft 309072 41 total 1337198 83 6 Net premiums Fidelity 134254159 surety 1952 99929 burglary and theft 43218509 total 3 77 725 17 22 Gross interest on mortgage loans 24 Gross interest on bonds and diyidends on stocks less 4288465 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 26 Gross interest from all other sources Miscellaneous 29 Gross rents from companys property 294 12 215796 64 11688 32 4923 93 8076 10 30 Total gross interest and rents 4 31 From other sources Miscellaneous income 33 Items in suspense 34 Agents remittance 36 From agents balances previously charged off 37 Gross profit on sale or maturity of ledger assets viz Bonds 39 Total income IIIDisbursements 1 Gross amount paid for losses Fidelity 122332 23 surety 71284222 burglary and theft 19S62369 total Deduct reinsurance Fidelity 508743 surety 1223385 burglary and theft 2199244 total t 39313 72 240779 11 152 00 287S 84 85593 in 286 26 91 50 4083417 36 1330798 14ComptrollerGenerals Eeport 1145 3 Deduct salvage Fidelity 16986825 surety 21476096 burglary and theft 472553 total 389354 74 4 Total deduction Fidelity 17495568 surety 226 99481 burglary and theft 2671797 total 428668 46 5 Net amount paid policyholders for losses Fidelity 247 37655 surety 48584741 burglary and theft 168 90572 total 902129 68 17 Investigation and adjustment of claims viz Fidelity 4481287 surety 4398614 burglary and theft 9 99792 total 796 93 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 28018023 surety 40163059 burglary and theft 11255485 total 794365 67 Livestock 46302297 29 Salaries traveling and all other expenses of agents not paid by commissions 160887 53 30 Cons atty E V P and atty in fact fees 23083 46 31 Inspections other than medical and claim 18419 62 61873 78 32 Eents 33 Eepairs and expenses other than taxes on real estate 7606 02 34 Taxes on real estate 3609 8 35 State taxes on premiums 59219 i 36 Insurance department licenses and fees 21391 41 37 All other licenses fees and taxes Federal corporation 4570 00 tax 39 Tax on franchise 146 4 on 0i 40 Tax on personal property 42 Legal expenses 469 4l 49 IQQ 93 43 Advertising 44 Printing and stationery 46952 8 45 Postage telegraph telephone and express 58246 57 46 Furniture and fixtures 16466 26 47 Stockholders for interest or dividends amount declared during the year 22500000 2l939 0 48 Other disbursements Incidentals 3377836 insurance 153633 exchange 107331 traveling expenses 1883373 development 1960846 Surety Assn of Amer 165715 bonded attys 1051746 profit and loss miscellaneous 686278 total 93867 58 53 Agents balances charged off 15S F4 Gross loss on sale or maturity of ledger assets viz 275 00 Eeal estate 2 el Bonds 1046 ComptkollerGenekals Report Stoeks Loss on mortgage loans 56 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Book value of bonds 375596775 and stocks 1745 23263 total 5 Cash in company a office 6 Cash in transit 7 Deposits in trust companies and banks on interest fi Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Fidelity 353 88554 surety 18003738 burglary and theft 91276 11 total On policies or renewals issued prior to October 1 1912 Fidelity 11650092 surety 36032815 burglarv and theft 2324829 total 625199 03 500077 36 24 Total 25 Bills receivable 26 Other ledger assets viz Advances secured by collateral since paid Advances on account of railroad inspection Accounts rec 1271302 reins due on loss 4533131 Advance commissions 3599309 receiv ers certificate 1000000 City treasurer warrants 65965 advance on contracts 8378139 suspense 19 48816 total Excise reins committee 5374297 cash in suspended banks 4710749 29 Total 30 Ledger niseis NonLedger Assets 31 Interest accrued on mortgages 32 Interest due 2060609 and accrued 22 27856 on bonds 35 Deposits in banks and trust companies 43 tiros nsMts 9309 42 12634 25 5si 144 33 45993 09 10392 20 100850 40 334 02 42884 65 1786 38 1000 00 205S 44 3098742 55 181343 03 11390 57 5501200 38 6141 31 39888 23 744408 83 1125276 39 1797 67 330760 330760 75 7987212 41ComptkollekGenekals Eeport Deduct Assets Not Admitted 43 Accounts rec 1271302 reins on paid losses 28 01880 total 44 Advance commission 45 Bills receivable 179767 advance on contracts 13 92436 total 46 Suspense 47 Cash in suspended bks 49 Premiums in course of collection written prior to October 1 1912 51 Book value of ledger assets over market value viz Bonds 1047 06 Admitted assets 40731 82 35993 09 15722 03 19488 16 37732 49 500077 36 144779 85 794524 80 7192687 61 VLiabilities 2 Losses and claims reported or in process of adjustment Fidelity 20967522 surety 48840389 burglary and theft 3940333 total 3 Losses and claims resisted Fidelity 18404047 surety 30016387 burglary and theft 750000 total 737482 44 491704 34 4 Total losses and claims Fidelity 39371569 surety 78856776 burglary and theft 4690333 total 5 Deduct reinsurance Fidelity 7357518 surety 55 33405 burglary and theft 499713 total 1229186 78 133906 36 i Net unpaid claims except liability claims Fidelity 32014051 surety 73323371 burglary and theft 41906 20 total 7 Estimated expenses of investigation and adjustment of unpaid claims 1095280 42 32858 41 8 Total losses and claims 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 324429892 unearned premiums fifty per cent 102011 64 22 Gross premiums less reinsurance upon all unexpired risky running more than one year from date of policy 755 44633 unearned premiums pro rata tii42 l 1128138 83 1128138 83 23 Total unearned premiums as shown by recapitulation 2142443 811048 ComptrollerGenerals Report 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Fidelity 7077711 surety 3600747 burglary and theft 1825522 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 31 Dividends declared and unpaid to stockholders 34 Return premiums 35 Rinsurance and co surety due 36 Premiums unadjusted 37 Other liabilities viz Bond and mortgage 125039 80 11228 64 55915 89 60126 00 7673 27 31032 64 68474 95 8500 00 46 Total amount of all liabilities except capital 3638 573 83 47 Capital actually paid up in cash 2000000 00 48 Surplus over all liabilities 1554113 78 49 Surplus as regards policyholders 3554 113 v 50 Total liabilities 7192687 Cl Business in the State of Georgia During the Year Gross premiums less return premium 00 risks written or renewed during the year Fidelity 1802147 surety 1616985 burglary and theft 167677 total 35868 09 Gross losses paid Fidelity 1390468 surety 308431 burglary and theft 335357 total 20342 56 NEW YORK PLATE GLASS INSURANCE COMPANY OF NEW YORK Major A White President 1 Carrol French Secretary Home Office Maiden Lane and William St New York N V LCapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 994342 14 Extended at 994342 14ComptrollerGenerals Report IIIncome 1 Gross premiums written and renewed during the year plate glass 2 Deduct reinsurance Plate glass 3 Deduct return premiums on policies can celled Plate glass 4 Deduct premium on policies not taken Plate glass 1049 783763 17 1329 97 66367 30 93012 53 5 Total deductions Plate glass 6 Net premiums Plate glass 22 Gross interest on mortgage loans less 350 accrued interest on mortgages acquired during 1912 24 Gross interest on bonds and dividends on stocks less 47941 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 31 50 37732 59 923 61 30 Total gross interest and rents 36 From agents balances previously charged off 3 Gross profit on sale or maturity of ledger assets viz Bonds 39 Total income IIIDisbursements 1 Jross amount paid for losses Plate glass 3 Deduct salvage Plate glass 9515 54 4 Total deduction Plate glass 160709 80 623053 37 38687 70 757 79 137 50 662636 36 274733 54 9515 54 5 Net amount paid policyholders for losses Plate glass t Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Plate glass 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 39 Municipal license 265218 00 216054 39 ill 146 93 4414 35 11339 6 8127 43 7290 19 822 621050 ComptrollerGenerals Eeport 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Traveling expense home office 50 Underwriting Association 51 Sundry office expenses 53 Agents balances charged off 288 62 390 33 2424 96 2710 88 201 67 32000 00 2676 91 3526 07 122 34 1068 13 56 Total disbursements 618127 62 IVLedger Assets 2 Mortgage loans on real estate 4 Book value of bonds 17771096 and stocks 667 76369 total 5 ash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Plate glass 138952 52 On policies or renewals issued prior to October 1 1912 Plate glass 5156 97 24 Total 30 Leder assets NonLedger Assets 31 Interest accrued on mortgages 32 Interest accrued on bonds 43 Gross assets 9 50 2566 50 1000 00 845474 65 8045 84 5038 79 35182 11 144109 49 1038850 88 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to October 1 1912 5 15g 97 51 Book value of ledger assets over market value viz Stocks and bonds 53724 65 56 Admitted assets 982545 26ComptrollerGenerals Report VLiabilities 1 Losses anil claims adjusted Plate glass 2 Losses and claims reported or in process of adjustment Plate glass 4 Total Losses and claims Plate glass 6 Net unpaid claims except liability claims Plate glass 8 Total losses and claims Plate glass 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 61392882 unearned premiums fifty per cent 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 43 18720 unearned premiums pro rata 306964 41 21705 92 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Plate glass 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement SI Dividends declared and unpaid to stockholders 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 200000 01 48 Surplus over all liabilities 380959 01 49 Surplus as regards policyholders 1051 10561 55 4055 00 14616 55 14616 55 14616 55 14616 55 328670 33 45299 37 1000 00 4000 00 8000 00 401586 25 580959 01 50 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Plate glass Gross losses paid Plate glass 982545 26 2606 65 1075 211052 ComptrollerGenerals Report NORTH AMERICAN ACCIDENT INSURANCE COMPANY OF CHICAGO ILLINOIS E C Waller President A E Forrest Secretary Home Office 209 South LaSalle Street Chicago 111 Shepard Bryan Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in eash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 728S09 49 Extended at 728809 49 IIIncome 1 Gross premiums written and renewed during the year Accident 2 Deduct reinsurance Accident 3 Deduct return premiums on policies can celled Accident 4 Deduct premium on policies not taken Accident 112746 39 7145 68 6272 66 46325 79 5 Total deductions Accident 59744 13 6 Net premiums Accident lfim 26 0 lohcy fees required or represented by applications 208388 00 22 Gross interest on mortgage loans 23 Gross interest on collateral loans 24 Gross interest on bonds and dividends on stoeks 19738 22 25 Gross interest on deposits in trust com panies and banks 26 Gross interest from all other sources 8815 49 2456 63 655 37 Advances to agents 91 28 30 Total gross interest and rents 36 From agents balances previously charged off 37 Gross profit on sale or maturity of ledger assets viz Bonds 39 Total income 31756 99 6 17 6 46 1307879 88ComptrollerGenerals Keport IIIDisbursements 1 Gross amount paid for losses Accident 2 Deduct reinsurance Accident 1053 423068 07 5500 40 4 Total deduction Accident 17 22 23 28 30 32 35 36 37 42 43 44 45 46 47 48 50 51 52 53 54 Met amount paid policy holders for losses Investigation and adjustment of claims viz Accident Policy fees waived or retained by agents Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident Salaries fees and all other compensation of officers directorstrustees and home office employees Salaries traveling and all other expenses of agents not paid by commissions Medical examiners fees and salaries Rents State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Municipal licenses and taxes Legal expenses Advertising Printing and stationery Postage telegraph telephone and express Furniture and fixtures Stockholders for interest or dividends amount declared during the year Other disbursements Traveling expense home office Bank exchange Incidental expense Hospital fees Agents balances charged off Gross losses on sale of bonds 56 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds 5 ash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 5500 40 417567 67 4171 85 208388 00 335748 53 103434 74 68092 01 4663 88 19265 85 17452 71 8812 89 2667 43 2725 73 3648 74 12974 93 14879 03 4291 81 30000 00 7915 25 1263 03 7289 72 2952 79 2344 78 50 00 1280601 37 171200 00 42500 00 418680 00 660 11 15911 04 62782 601054 ComptrollerGenerals Beport 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 30963 62 On policies or renewals issued prior to October 1 1912 Accident 2894 84 24 Total X 25 Bills receivable 26 Other ledger assets viz Cash in branch offices for cur rent use 30 Ledger assets NonLedger Assets 31 Interest accrued on mortgages 9 9Q3 3 32 Interest due 450000 and accrued 3 38581 on bonds 33 Interest accrued on collateral loans 7885 81 324 54 37 Total 40 Other nonledger assets viz Furniture and fixtures 43 Gross assets Deduct Assets Not Admitted 45 Bills receivable 46 Furniture and fixtures 49 Premiums in course of collection written prior to October 1 1912 50 Overdue and accrued interest on bonds in default 51 Book value of ledger assets over market value viz Bonds 55 Special deposit to sucure liabilities in Mexico 9972 82 13000 00 2894 84 4500 00 4264 65 LfySOO 00 Total 56 Admitted assets 33858 46 9972 82 522 97 7560 00 11173 72 13000 00 780261 72 54132 31 726129 41 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 3 Losses and claims resisted Accident 4 Total losses and claims Accident 61578 9 8491 47 70070 40ComptkollebGenekals Repokt 1055 5 Deduct reinsurance Accident 189 02 6 Net unpaid claims except liability claims Accident 7 Estimated expenses of investigation and adjustment of claims Accident 8 Total losses and claims Accident 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 27931174 unearned premiums fifty per cent 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 494000 unearned premiums pro rata 139655 87 4332 00 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 29 Salariesrents expenses bills accounts fees etc due or or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Reinsurance 36 Advance premiums one hundred per cent 43 Total 44 Less liabilities secured by special deposits unearned premiums 1396734 unpaid losses 57750 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 48 Surplus over all liabilities 259967 03 49 Surplus as regards policyholders 50 Total liabilities 69881 38 500 00 70381 38 70381 38 143987 87 9289 08 3980 21 17000 00 1214 20 34854 48 280 707 22 14544 84 266162 38 459967 03 726129 41 Business in the State of Georgia During the Year Gross premiums less return premium on renewed during the year Accident Gross losses paid Accident risks written or 21353 75 8484 671056 ComptrollerGenerals Report NEW ENGLAND CASUALTY COMPANY Gorwin McDowell President Allan Forbes Secretary Guy A Ham Attorney for Service in Georgia ICapita Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 916268 44 3 Increase of paid up capital during the year 400000 00 Extended at 1316268 44 IIIncome 1 Gross premiums written and renewed during the year Accident 4367293 health 2794773 liability 46542413 fidelity 2148772 surety 20156372 plate glass 1241945 burglary and theft 9199720 auto property damage 3453147 workmens collec tive 74200 total 899786 35 Deduct reinsurance Accident 105335 health 43028 liability 316158 fidelity 85083 surety 1076263 burglary and theft 746334 total 23722 31 Deduct return premiums on policies can celled premiums on policies not taken Accident 641744 health 2671 liability 11811521 fidelity 176904 surety 1067015 plate glass 446606 burglary and theft 1630111 auto property damage 759367 total 188 003 93 2 3 5 Total deductions Accident 747109 health 310153 liability 12127679 fidelity 261987 surety 21 43278 plate glass 446606 burglary and theft 23 76445 auto property damage 759367 total 6 Net premiums Accident 3620184 health 2484620 liability 34414734 fidelity 1886785 surety 180 13094 plate glass 795339 burglary and theft 6s 23275 auto property damage 2693780 workmens collective 74200 total g 20 Policy fees reqired or represented by applications 23 Gross interest on collateral loans ggg 41 191726 24 708060 11 5696 00ComptrollerGenerals Report 1057 24 Gross interest on bonds and dividends on stocks 25 Gross interest on deposits in trust com panies and banks 26 Gross interest from all other sources Interest on balances due from agents 28 Interest on unsecured loans since dis charged 35980 96 2960 21 158 23 362 50 30 Total gross interest and rents 31 From other sources premium on sale of new stock paid into surplus acct 33 Miscellaneous expense 34 Sale of Edison Electric Illuminating Co of Boston Mass rights 35 Premiums in suspense awaiting further advices 40347 31 200000 00 200 00 94ft 00 26 61 39 Total income ITIDisbursements Gross amount paid for losses Accident 1450426 health 920334 liability 3227222 fidelity 89308 surety 114980 plate glass 27943 burg lary and theft 572793 auto property damage 4 87276 workmens collective 6784 total Deduct reinsurance Accident 2283 liability 837 burglary and theft 70225 total Deduct salvage Accident 5000 liability 234600 fidelity 66436 surety 2500 auto property damage 3294 total 938 65 3118 30 4 Total deduction Accident 27803 liability 235437 fidelity 66436 surety 2500 burglary and theft 70225 auto property damage 3294 total 5 Net amount paid policyhoblers for losses Accident 14 22623 health 920334 liability 2991785 fidelity 22872 surety 112480 plate glass 27943 burg lary and theft 502568 auto property damage 4 83982 workmens collective 6784 total 17 Investigation and adjustment of claims viz Accident 6445 health 4920 liability 830602 fidelity 2290 total 19 Purglary and theft 81 Auto property damage 5SS21 workmens collective 8450 total 955270 03 68970 66 4056 95 64913 71 8442 57 361 23 672 711058 ComptrollerGenerals Eeport 22 Policy fees retained by agents 5696 00 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 1071735 health 627712 liability 74 47838 fidelity 480326 total 96275 11 25 Surety 3304993 plate glass 103140 burglarv and theft 2059809 total 54679 42 27 Auto property damage 727343 workmens collective 22783 total 7301 o6 28 Salaries fees and all other compensation of officers directors trustees and home office employees 52042 16 29 Salaries traveling and all other expenses of agents not paid by commissions 25145 78 31 Inspections other than medical and claim 1573 84 32 Eents 4896 71 35 State taxes on premiums 1 460 02 36 Insurance department licenses and fees 4 989 92 39 Taxes and licenses other than state 41 66 40 Compulsory advertising 71 30 42 Legal expenses j Igl gg 43 Advertising 1644 31 44 Printing and stationery 18 440 68 45 Postage telegraph telephone and express 5841 74 46 Furniture and fixtures 4 847 79 48 Other disbursements Travel 1011449 general 2 61469 office 114255 total i387l 73 50 Consolidation expense 15 000 oo 51 Exchange check 4154 suspense acct 17512 216 66 52 Profit and loss 500 premiums in suspense 1911 state raent 1970 63 54 Gross loss on sale or maturity of ledger assets viz Bonds 28 45 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 4 047 44 50 Total disbursements 401 835 89 IVLedger Assets 4 Book value of bonds 125311814 and stocks 190 92660 total 1444044 74 5 Cash in companys offices 4 207 10 7 Deposits in trust companies and banks on interest 181553 54 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 2 65827 health 182531 liability 108 59050 fidelity 291352 surety 49ComptrollerGenerals Report 1059 92949 plate glass 372477 burglary and tEeft 2195307 auto property damage 383970 workmens collective 5850 total 13 On policies or renewals issued prior to October 1 1912 Accidetat 36485 health 17338 liability 2106843 fidelity 70328 surety 1188086 plate glass 116882 burglary and theft 83865 auto property damage 65498 total 36853 25 24 Total 227346 38 26 Other ledger assets viz Excise reinsuring companies 9665 14 tjv 2S8o 68 28 Agents differences T 1869702 58 30 Ledger assets NonLedger Assets 32 Interest due 27000 and accrued 14 08323 on bonds 143a3 23 35 Interest on certificate of deposit 271 20 1884327 01 43 Gross assets Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 iir3 25 51 Book value of ledger assets over market value viz Stocks and bonds 13977 66 53 Agents differences 2883 68 f 1830610 42 50 Admitted assets VLiabilities 1 Losses and claims adjusted Accident 10500 health 1786 burglary and theft 300000 auto property damage 10000 total 3222 8 2 Losses and claims reported or in process of adjustment Accident 257750 health 352995 fidelity 1200 surety 485000 plate glass 7350 burglary and theft 3512 00 auto property damage 383900 workmens collective 4375 total 18437 70i060 ComptbolleeGenebal s Eepoet 3 Losses and claims resisted Accident 150000 health 1000 fidelity 37500 auto property damage 2 93400 total 4819 00 4 Total Losses and claims Accident 418250 health 355781 fidelity 38700 surety 4850 00 plate glass 7350 burglary and theft 651200 auto property damage 687300 workmens collective 4375 total 26479 56 5 Deduct reinsurance Burglary and theft 1000 00 6 Net unpaid claims except liability claims Accident 4 18250 health 355781 fidelity 38700 surety 4 85000 plate glass 7350 burglary and theft 5 51200 auto property damage 687300 workmens collective 4375 total 25479 56 8 Total losses and claims Accident 418250 health 3 55751 fidelity 38700 surety 485000 plate glass 7350 burglary and theft 551200 auto property damage 687300 workmens collective 4375 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 59611960 unearned premiums fifty per cent and pro rata 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 4053321 unearned premiums pro rata 327990 63 29079 79 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 90698 health 63886 liability 24620 33 fidelity 87114 surety 1383047 plate glass 125525 burglary and and theft 834270 auto property damage 110199 workmen s collective 1950 total 29 Salaries rents expenses bills accounts fees etc due or accrued MO Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Advance premiums one hundred per cent 25479 56 72496 26 97975 S2 357070 42 1636 69 1743 70 8328 93 985 53 ComptrollerGenerals Report 1061 37 Other liabilities viz Premiums in suspense awaiting 2d ol further advices 39 Due American Fidelity Co for losses paid 40 Due Armstrong Agency Inc for losses paid3a0 46 Total amount of all liabilities except capital 518172 70 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities 312437 72 i 19 47 72 49 Surplus as regards policyholders 50 Total liabilities 1830610 42 THE OCEAN ACCIDENT AND GUARANTEE CORPORATION LIMITED OP LONDON ENGLAND Oscar Ising General Manager American Home Office 59 John St New York City Insurance Commissioner Attorney for Service in Georgia ICapital Stock 1 Amount of deposit capital 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 4723551 81 Extended at 4723551 81 IIIncome Gross premiums written and renewed during the year Accident 46458390 health 14011227 liability 327594657 fidelity 4336494 plate glass 109 262 27 steam boiler 11258337 burglary and theft 30480315 credit 51938867 auto and teams prop erty damage 26382381 workmens collective 37 2052 total 5271085 47 Deduct reinsurance Accident 4723095 health 254451 liability 5154441 fidelity 185789 steam boiler 7 75218 burglary and theft 5129905 credit 125000 total Deduct return premiums on policies can celled Accident 1329439 health 569637 liability 28714840 fidelity 253265 plate glass 394633 steam 4 63478 991062 ComptrollerGeneral s Report boiler 975360 burglary and theft 1729336 credit 623375 auto and teams property damage 2968310 workmens collective 224154 total 377823 55 4 Deduct premium on policies not takeu Aceident 7490957 health 3041957 liability 44096043 fidelity 174303 plate glass 1902884 steam boiler 2120458 burglary and theft 55 977 38 auto and teams property dam age 499800 workmens collective 2 72252 total 696883 92 5 Total deductions Accident 13543491 health 38 66045 liability 77965324 fidelity 613357 plate glass 2297517 steam boiler 3871036 burglary and theft 12456979 credit 748375 auto and teams property damage 7960116 workmens collective 496406 total 1238186 46 6 Net premiums Accident 32914899 health 10145182 liability 249629333 fidelity 37231 37 plate glass 8628710 steam boiler 7387301 burglary and theft 18023336 credit 51190492 auto and teams property damage 18422265 workmens col lective 3225646 total 4032899 01 22 Gross interest on mortgage loans 9000 00 24 Gross interest on bonds and dividends on stocks less 517440 accrued interest on bonds acquired during 1912 154918 17 25 Gross interest on deposits in trust com panies and banks 3404 51 26 Gross interest from all other sources Gross interest on notes received for premiums 1 597 05 30 Total gross interest and rents p 069 73 37 Gross profit on sale or maturity of ledger assets viz bonds 2262 91 39 Total income 4 o04 Lu l IITDisbursements 1 Gross amount paid for losses Accident 20714154 health 5263526 liability 125533478 fidelity 210508 plate glass 2891316 steam boiler 3ComptrollerGenerals Report 1068 03457 burglary and theft 7579489 credit 430 35172 auto and teams property damage 7093955 workmens collective 1436909 total 2141019 64 2 Deduct reinsurance Accident 5639174 health 245347 liability 30345 steam boiler 165476 burglary and theft 2222323 total 83026 65 3 Deduct salvage fidelity 25386 plate glass 2913 burglary and theft 1 09339 credit 75867 45 auto and teams property damage 410540 total 81349 23 4 Total deduction Accident 5639174 health 245347 liability 30345 fidelity 25386 Plate glass 2913 steam boiler 165476 burglary and theft 23 31662 credit 7586745 auto and teams property damage 410540 total 16430 5 Net amount paid policyholders for losses Accident lo0 74980 health 50181779 liability 125503133 fidelity 185122 plate glass 2878403 steam bolier 137981 burglary and theft 5347827 credit 35448427 auto and teams property damage 6683415 work mens collective 1436909 total 1077143 70 17 Investigation and adjustment of claims viz Accident 1926409 health 472258 liability 22422998 fidelity 42484 plate glass 378147 steam boiler 287871 burglary and theft 1177229 credit 15 20062 auto and teams property damage 1152587 workmens collective 149365 total 295294 10 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 12207878 health 3836717 liability 55801174 fidelity 957694 plate glass 3044754 steam boiler 1960683 burglary and theft 5554588 credit 9725024 auto and teams property damage 4474452 workmens collective 622275 total 981852 39 28 Salaries fees and all other compensation of officers directors trustees and home office employees 201463 47 29 Salaries traveling and all other expenses of agents not paid by commissions 3J Inspections other than medical and claim 58093 S 25149 68 2Rents 7958 82 35 State taxes on premiums rZ fifi 36 Insurance department licenses and fees 732 b 39 Agents licenses 40 City and County Tax on Premiums j 41 Publication fees T t43 IV 42 Legal expenses 1064 ComptrollerGenerals Report 43 Advertising 44 Printing and stationery 45 Postage telegraph telegraph and express 46 Furniture and fixtures 48 Other disbursements Surety Bonds 850 publication subscription 24985 auditors fees 200000 total 51 Discount and exchange 83410 mercantile agency 2 12300 general expense 1744653 total 52 Interest on investments and dividends to home office 54 Gross loss on sale or maturity of ledger assets viz Bonds 8895 45 14721 23 11471 52 8943 33 2258 35 20403 63 107956 67 3521 25 56 Total disbursements 3 928 519 56 507400 94 24 Total 35 Hills receivable 20 Other ledger assets viz Premium notes 28 Agents balances 28197 41 IVLedger Assets 2 Mortgage loans on real estate i 4 Book value of bonds 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 35 61048 health 1565220 liability 36720989 fidelity 574754 plate glass 1402929 steam boiler 16 44206 burglary and theft 2739882 auto and teams property damage 20 56680 workmens collective 483386 total On policies or renewals issued prior to October 1 1912 Accident 153736 health 53636 liability 2332011 plate glass 8648 steam boiler 302 IS burglary and theft 35222 auto and teams property damage 74557 work mens collective 131721 total 50000 or 41564 60 11074 53 03329 18 535688 73 2329 49 5572 50 49704 87 30 Ledger assets 4 4999263 90 NonLedger Assets 31 interest accrued on mortgages 2 Interest accrued on bonds 1500 00 51016 03ComptrollerGenerals Report 1065 Deduct Assets Not Admitted 45 Bills receivable 2329 49 49 Premiums in course of collection written prior to Oct 1 1912 28197 79 51 Book value of ledger assets over market value 195462 60 52 Agents balances 49704 87 56 Admitted assets 4776085 18 VLiabilities 1 Losses and claims adjusted Credict on policies expir ing prior to Oct 1912 agreements fi2 00 2 Losses and claims reported or in process of adjustment Accident 4899000 health 1109500 fidelity 3 52000 plate glass 232500 steam boiler 169000 burglary and theft 2414000 credit on policies ex piring prior to Oct 1912 agreements 5287500 auto and teams property damage 1469000 work mens collective 449600 total 163815 00 3 Losses and claims resisted Accident 1590010 burg lary and theft 157500 auto and teams property damage 449000 total 21965 4 Total losses and claims Accident 6489000 health 11 09500 fidelity 352000 plate glass 232500 steam boiler 169000 burglary and theft 2571500 credit on policies expiring prior to Oct 1912 agree ments 5990000 auto and teams property damage 1918000 workmen s collective 449001 total 192805 00 5 Deduct reinsurance Accident 337500 health 5000 burglary and theft 911500 total 12540 00 6 Net unpaid claims except liability claims Accident 6151500 health 1104500 fidelity 352000 plate glass 232500 steam boiler 169000 burglary and theft 16600 00 credit on policies expiring prior to Oct 1912 agreements 5990000 auto and teams property damage 1918000 workmens collective 4 49000 total l80265 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 200000 health 25000 plate glass 15000 burglary and theft 30000 auto and teams property damage 200000 workmens col lective 30000 total 5000 8 Total losses and claims Accident 6351500 health ll295oo fidelity 352000 plate itlass 2475001066 ComptrollerGenerals Report steam boiler 169000 burglary and theft 1690000 credit on policies expiring prior to Oct 1912 agree ments 5990000 auto and teams property damage 2118000 workmens collective 479000 total 17 Special reserve for unpaid liability losses 18 Special reserve for credit loss on policies expiring in October November and December 1912 being fifty per cent of 17079251 gross premiums received on said policies less 779936 paid during said months on losses under said policies 19 Special reserve for accrued losses on credit policies in force December 31 1912 being fifty per cent of 236 81110 earned premiums on said policies 18 Additional reserve for credit losses expiring December 31 1912 20 Total unpaid claims and expenses of settlement 1164731 32 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 250765292 unearned premiums fifty per cent 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 504 99161 unearned premiums pro rata 185265 00 729810 77 77590 90 118405 55 53653 10 1230487 78 256528 8 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 1321149 health 571306 liability 8262223 fidelity 1 52310 plate glass 495234 steam boiler 445580 burglary and theft 824704 auto and teams prop erty damage 491547 workmens collective 101028 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 36 Advance premiums one hundred peir cent 37 Other liabilities viz Voluntary additional reserve for contingencies 1487016 59 126650 80 2000d op 75100 00 6302 72 250 00 600000 00 in Total amount of all liabilities except capital 3479951 43 49 Surplus as regards policyholders 1 2961 31 5 50 Total liabilities 4 776 085ComptrollerGenerals Report Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 336653 health 100546 liability 1473089 fidelity 164918 plate glass 24727 steam boiler 47083 burglary and theft 260252 credit 9i29000 automobile and property damage 70841 workmens collective 10 26305 total Gross losses paid Accident 104976 health 43497 liabi lity 948357 fidelity 198565 plate glass 10299 burglary and theft 4639 credit 706589 auto mobile property damage 74778 workmens collective 535902 total 1067 44334 14 26276 02 PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA Geo I Cochran President Gail B Johnson Treasurer Home Office Corner Sixth and South Olive Streets Los Angeles California 1Capital Stock 2 Amount of ledger assets as per balance I December 31 of previous year 865390 18 3 Capital stock transferred from life de partment 1000000 00 Extended at 8650 8 11 Income 1 Gross premiums written and renewed during the year Accident 176475730 health 48466048 total 2249417 78 2 Deduct reinsurance Accident 55866 health 46584 total 3 Deduct return premiums on policies can celled Accident 2303547 health 7 44907 total 4 Deduct premium on policies not taken Accident 37646070 health 39 9I22 total 1124 50 30484 54 416453 62 5 Total deductions Accident 40005483 health 47 907S3 total 447962 66 6 Net premiums Accident 136470247 health 436 75265 total MC1455 12 20 Policv fees required or represented by applications 37334 001068 ComptrollerGenerals Eeport 22 Gross interest on mortgage loans 35168 06 24 Gross interest on bonds and dividends on stocks less 1722000 accrued interest on bonds acquired during 1912 17220 00 25 Gross interest on deposits in trust com panies and banks 309 22 26 Gross interest from all other sources interest earned on capital stock trans ferred from life department 5500000 interest on agents balances 956 total 55009 56 30 Total gross interest and rents 73266 84 31 From other sources Loss and gain 8210 60 36 From agents balances previously charged off 10490 87 39 Total income 1930757 43 IIIDisbursements 1Gross amount paid for losses Accident 58914313 health 18742098 total 2 Deduct reinsurance Accident 154571 health 22166 total 1767 37 4 Total deduction 154571 health 22166 total 776564 11 1767 37 5 Net amount paid polieyholders for losses Accident 58759742 health 18719932 total 17 Investigation and adjustment of claims viz Accident 755842 health 240522 total 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 42443388 health 13611007 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions B0 Medical examiners fees and salaries 31 Inspections other than medical and claim 32 Rents including 720000 for companys occupancy of its own buildings 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation lax 39 State and municipal tax 10 Personal property tax 774796 74 9963 64 37334 00 5005 93 12155 7 17 29975 40 22213 99 2922 13 22164 83 24896 48 5752 26 132 26 1083 50 107 87ComptrollerGenerals Report 41 License tax 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Dividends to policyholders 50 General expenses 51 Amount paid for business of the Southern Surety Com pany of Wisconsin 52 Investment expenses 23000 State department examina tions 37887 total 53 Agents balances charged off 56 Total disbursements 1069 110 00 4599 28 7202 89 27460 12 17706 21 3094 81 135000 00 77 79 3875 10 363 06 608 87 13097 76 1826640 17 349861 5647 15 24 Total 30 Ledger assets 45521 42 11661 86 57183 28 IVLedger Assets 4 t 573900 00 Mortgage loans on real estate 982 915 46 Book value of bonds Cash in companys office 4430100 in course of trans mission 122042 total Deposits in trust companies and banks not on interest Deposits in trust companies and banks on interest Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 304 08813 health 4577342 total On policies or renewals Issued prior to October 1 1912 Accident 422401 health 142314 total 355508 70 1909507 44 NonLedger Assets 31 Interest accrued on mortgages 32 Interest accrued on bonds 8954 28 17220 00 36 Total 40 Other nonledger assets viz Reinsurance due on account claims 43 Gross assets 26174 28 664 34 1996346 061070 ComptrollerGenerals Report Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912j 5647 15 55 Total 5647 15 56 Admitted assets accident department 57 Admitted assets life department 1990698 91 24252307 01 88430 67 27885 07 58 Total admitted assets 26243005 92 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 8032767 health 810300 total if Losses and claims resisted Accident 2769500 health 19007 total 4 Total losses and claims Accident 10802207 health 829307 total 5 Deduct reinsurance Accident 6 Net unpaid claims except liability claims Accident 10422267 health 829307 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 100000 health 20000 total 116315 74 3800 00 112515 74 1200 00 8 Total losses and claims Accident 10522267 health 849307 total 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 129321736 unearned premiums fifty per cent 646608 68 113715 74 113715 74 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 9725591 health 1469978 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36 Advance premiums one hundred per cent 646608 68 111955 69 5904 55 29000 00 13214 25ComptrollerGenerals Report 1071 44 Total liabilities accident department 920398 91 45 Total liabilities life department 46 Total amount of all liabilities except capital 24377522 89 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities including lift department 79518303 86a483 0j 49 Surplus as regards policyholders 26243005 92 50 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 2938729 health 1685768 total Gross losses paid Accident 1199511 health 1011048 total PACIFIC COAST CASUALTY COMPANY OF SAN FRANCISCO CAL E F Green President Carl G Brown Secretary Home Office 420 Merchants Exchange Bldg San Francisco al F C Nasworthy Fitzgerald Attorney for Service in Georgia 1Capital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous year 1269129 0 Extended at 1269129 03 ItIncome 1 Gross premiums written and renewed during the year Accident and health 7736342 liability 40072480 fidelity 1447671 surety 10160706 plate glass 1382280 burglary and theft 746177 auto property damage 1728474 workmens collective 1861137 total 2 Deduct reinsurance Accident and health 12648 liability 10076567 fidelity 97720 surety 734660 plate glass 651352671072 ComptrollerGenerals Eeport 988122 burglary and theft 898211 auto property damage 1694313 work mens collective 662437 total 31646 78 3 Deduct return premiums on policies can celled Accident and health 26820 liability 2140820 fidelity 182489 surety 436791 plate glass 192041 burglary and theft 72209 auto prop erty damage 348109 workmens col lective 613114 total 39583 93 4 Deduct premium on policies uot taken Liability 6030700 fidelity 89644 surety 1717416 plate glass 196133 burglary and theft 119891 auto property damage 535399 workmens collective 495102 total 91742 85 5 Total deductions Accident and health 39468 liability 18248087 fidelity 315853 surety 2888867 plate glass 1376296 burglary and theft 1090311 Auto property damage 2577821 workmens collec tive 17606 53 total 282973 56 6 Net premiums Accident and health 7696874 liability 21824393 fidelity 1131818 surety 7271839 date glass 5984 burglary and theft 344134 auto property damage 849347 workmens collec tive 100484 total 368j37Q 22 Gross interest on mortgage loans 1202 27 23 Cross interest on collateral loans 450 00 24 Gross interest on bunds and dividends on stocks less 6011 accrued interest on bonds acquired during 1912 34 833 45 25 Gross interest on deposits in trust com panies and banks 2 28 68 20 Gross interest from all other sources on bills receivable 4 50 30 Total gross interest and rents 11 so 1 36 From agents balances previously charged off 3374 53 37 dross profit on sale or maturity of ledger assets viz Hnls 1998 32 38 Gross increase by adjustment in book value of ledger assets viz Bonds 39 Total income 41609l8ComptbolleeGenebals Kepoet 1073 IIIDisbursements 1 Amount paid for losses Accident and health 2118328 liability 14179827 fidelity 271744 surety 42 68146 plate glass 611870 burglary and theft 831371 auto property damage 932252 work men s collective 1360285 total 2 Deduct reinsurance Liability 620913 burglary and theft 750 auto prop erty damage 11182 workmens col lective 252504 total 8853 49 3 Deduct salvage Fidelity 69500 surety 1133822 plate glass 749 auto property damage 2000 total 12060 71 4 Total deduction Liability 620913 fidelity 69500 surety 1133822 plate glass 749 burglary and theft 550 auto property damage 13182 work men s collective 252504 total 5 Net amount paid policyholders for losses Accident and health 2118328 liability 13558914 fidelity 2 02244 surety 3134324 plate glass 6111 21 burg lary and theft 830621 auto property damage 9 19070 workmens collective 1107781 total 17 Investigation and adjustment of claims viz Accident and health 43700 liability 6153242 fidelity 43150 surety 416830 plate glass 905 burglary and theft 10593 auto property damage 47655 workmens collective 23290 total 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 3228267 liability 4957136 fidelity 5036 39 surety 9417203 plate glass 65126 burglary and theft 119077 auto property damage 215127 workmens collective 332581 total 28 Salaries fees and all other compensation of officers trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 31 Inspections other than medical and claim 32 Rents 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation tax 39 Calif personal property tax 851 Kansas school fund tax 5000 total 245738 32 20914 20 224824 03 07393 65 11697 48 55594 47 14988 20 1785 52 5637 70 13578 02 3296 80 1867 04 58 51 1074 CompteolleeGeeeals Eepoet 40 Calif franchise tax 561 city licenses 5500 N T corporation tax 7500 total 41 Calif license tax 7500 county fees 2170 state tax 5100 total 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Home office expense 50 Purchase of agency 51 Advance premiums 54 Gross loss on sale or maturity of ledger assets viz Bonds 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 56 Total disbursementsc IVLedger Assets 2 Mortgage loans on real estate 4 Book value of bonds 69076620 and stocks 1 50000 total 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Liability 149 98645 fidelity 112102 surety 11 83624 plate glass 64506 burglary and theft 86844 automobile property damage 166303 workmens collec tive 447642 total 170596 66 On policies or renewals issued prior to October 1 1912 Liability 5209091 fidelity 119242 surety 1553355 plate glass 220304 burglary and theft 291166 automobile property damage 278952 workmens collec tive 22236 total 76943 46 135 61 147 70 3004 09 3384 82 4618 27 4283 71 615 38 32000 00 5587 86 65000 00 3347 08 1720 77 590 36 625157 16 67500 00 692266 20 6043 83 4503 75 20634 76 24 Total 247540 12ComptrollerGenerals Report 1075 26 28 29 31 32 37 40 42 Other ledger assets viz Advance on contracts Accounts receivable 3 5729 31 5845 68 Ledger assets 3060063 15 NonLedger Assets Interest accrued on mortgages Interest accrued on bonds 670 31 11404 40 Rents Other nonledger assets viz Furniture and fixtures Supplies printed matter and stationery 43 Gross assets Deduct Assets Not Admitted 46 47 49 51 53 54 Furniture and fixtures Supplies printed matter and stationery Premiums in course of collection written prior to Oct 1 1912 Book value of ledger assets over market value viz Bonds Deposit with Carnegie Trust Co in hands receiver Advance on contracts Accounts receivable 180000 4929 74 76943 46 1473 14 2076 94 15729 31 5845 68 Total 56 Admitted assets VLiabilities 1 Losses and claims adjusted Plate glass 171052 auto property damage 240175 workmens collective 49813 burglary and theft 2000 total 2 Losses and claims reported or in process of adjustment Accident and health 170070 fidelity 61154 surety 4304019 plate glass 11365 auto property damage 253125 workmens collective 303227 total 3 Losses and claims resisted Accident and health 45000 burglary and theft 22500 total 4 Total losses and claims Accident and health 215076 fidelity 61 54 surety 4304019 plate glass 1 12074 71 1800 00 4929 74 1078867 60 122056 17 156811 43 4630 40 53029 66 675 001076 ComptrollerGenerals Eeport 82417 burglary and theft 24500 auto property damage 493300 workmens collective 553040 total 5 Deduct reinsurance Burglary and theft 6 Net unpaid claims except liability elaims Accident and health 215076 fidelity 61154 surety 4304019 plate glass 182417 burglary and theft 375500 auto property damage 493300 workmens collective 553040 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident and health 15375 fidelity 50000 surety 293300 plate glass 5000 burg lary and theft 5000 auto property damage 15000 workmens collective 10000 total 8 Total losses and claims Accident and health 230451 fidelity 111154 surety 4596319 plate glass 187417 burglary and theft 370500 auto property damage 508300 workmens collective 563040 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon nil unexpired risks running one year or less from date of policy 27877234 unearned premiums fifty per cent 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2337Hi unearned premiums pro rata 139386 17 9953 10 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Liability 2390925 fidelity 27218 surety 272480 plate glass 13278 burglary and theft 13349 auto property damage 35596 workmens collective 13157 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Return premiums 35 Reinsurance 58335 06 4000 00 54335 06 3926 75 58261 81 212965 25 271227 06 149339 27 28844 20 13577 43 7938 41 1517 52 751 67ComptrollerGenerals Repok 1077 36 Other liabilities viz Contingent liability aect purchase 25000 00 A f agenCy 397 25 37 Advance premiums 46 Total amount of all liabilities except capital 507625 84 47 Capital actually paid up in cash 400000 00 48 Surplus over all liabilities 49185 59 44Q 185 59 49 Surplus as regards policyholders MfttSll 43 50 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident and health THE PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK N Y Kimball C Atwood President Wilfred C Potter Secretary Home Office 80 Maiden Lane New York N Y Insurance Commissioner Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 700000 00 2 Amount of ledger assets as per balance December 31 of previous year 2862161 79 t 2862161 79 Extended at IIIncome 1 Gross premiums written and renewed during the year Accident 128647866 health 36210871 liability 62655824 plate glass 1855837 burglary and theft 9995208 auto property damage and teams 304 39L38 total 2698047 44 2 Deduct reinsurance Accident 3509952 health 537465 liability 281440 burglary and theft 901164 total 52300 21 3 Deduct return premiums on policies can celled Accident 641326 health 2 88146 liability 5838846 plate glass1078 ComptbollebGenebals Bepobt 38810 burglary and theft 390810 auto property damage and teams 24 23814 total 96i27 50 4 Deduct premiums on policies not taken Accident 12869960 health 6292456 liability 19704278 plate glass 4 91655 burglary and theft 1986509 auto property damage and teams 85 61260 total 499061 18 Tdeductions Accident 17021238 health 71 18069 liability 25824564 plate glass 530465 burglary and theft 3278483 auto property damage and teams 10985074 total 647578 91 6 Net premiums Accident 111626628 health 29092804 liability 36831260 plate glass 1325372 burglary and theft 6716725 auto property damage and teams 19454064 total 2050468 53 22 Gross interest on mortgage loans 3 750 80 24 Cross interest on bonds and dividends on stocks less 283973 accrued interest on bonds acquired during 1912 91474 46 25 Gross interest on deposits in trust com panies and banks 1 594 14 26 Gross interest from all other sources 184 30 30 Total gross interest and rents t7 00o 90 39 Total income j 2147471 43 111Disbursements 1 Gross amount paid for losses Accident 482 72021 health 11676097 liability 7823429 pint glass 165060 burglary and theft 2363519 auto property damage and teams 4382111 total 2 Deduct reinsurance Accident 1397739 health 258114 burglarv and theft 002940 total g 225S7 93 3 Deduct salvage Liability 98500 plate glass 6319 burglary and theft 63110 auto property damage and teams 66929 total jS0 4S 4 Total deduction Accident 1397739 health 258114 liability 98500 plat glaM iU burgla uu 746822 37 ComptrollerGenerals Report 1079 theft 609240 auto property damage and teams 94 368 41 66929 total 5 Net amount paid policyholders for losses Accident 46874282 health 11417983 liability 7724929 plate glass 158741 burglary and theft 1754279 auto property damage and teams 4315182 total 722453 96 17 Investigation and adjustment of claims viz Accident 755898 health 88974 liability 1873536 28184 08 19 Burglary and theft 6 540 23 21 Auto property damage 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 35730357 health 8600192 liability 12743822 total 25 Plate glass 331616 burglary and theft 265432o 29869 41 27 Auto property damage 28 Salaries fees and all other compensation of officers directors trustees and home office employees 1W 29 Salaries traveling and all other expenses of agents not paid by commissions 15250 65 30 Medical examiners fees and salaries g2 31 Inspections other than medical and claim 2g 32 Rents 23847 u 35 State taxes on premiums 3 816 84 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation tax 1305 60 39 City fees and taxes 78 08 40 County fees and taxes 2 825 75 41 All other tax on securities 281500 Qg 42 Legal expenses 251 54 43 Advertising t7B6 gg 44 Printing and stationery g4 45 Postage telegraph telephone and express 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year s 48 Other disbursements give items and amounts 1894324 55 56 Total disbursements IVLedger Assets 75nii 00 2 Mortgage loans on real estate 4 Book value of bonds 232860619 and stocks 220 936 total 2 966 25 5 Cash in company a ottice 1080 CompteollebGenebals Bepoet 6 Deposits m trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 161 32841 health 4033610 liability 5719809 plate glass 388983 burg lary and theft 1547099 auto prop erty damage and teams 3385142 t0tal 312074 84 On policies or renewals issued prior to October 1 1912 Accident 27108 65 health 677717 liability 750097 plate glass 3379 burglary and theft 3747 auto property damage and teams 125270 total 4270 24 Total 25 Bills receivable 26 Other ledger assets viz Advances to agents Workmans comp reins and inspection bureau 50000 00 70748 39 354775 59 1778 57 12964 29 50 03 30 Ledger assets 3 115 308 67 32 43 45 49 51 53 54 NonLedger Assets Interest accrued on bonds Gross assets 24H10 94 3139319 61 Deduct Assets Xot Admitted 1778 57 42700 75 Hills receivable Premiums in course of collection written prior to Oct 1 1912 Hook value of ledger assets over market value viz Bonds and stocks Advance to agents Workmans comp reins and insp bureau not reported to CO until Jan 17 1913 154846 02 12904 29 2 40 50 Admitted assets Liabilities 2927H27 5 Losses and claims reported or in process of adjustment Accident 7982675 health 1576000 plate glass 55618 burglary and theft 580000 auto property damage and teams 1459700 total 116529 93ComptrollerGenerals Report 1081 3 Losses and claims resisted Accident 197000 health 112500 auto property damage and teams 80000 total 4 Total losses and claims Accident 9952675 health 1687500 plate glass 55618 burglary and theft 580000 auto property damage and teams 15 89700 total s 5 Deduct reinsurance burglary and theft 6 Net unpaid claims except liability claims Accident 9952675 health 1687500 plate glass 55618 burglary and theft 531000 auto property damage and teams 1539700 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 200000 burglary and theft 15000 auto property damage and teams 154000 total 8 Total losses and claims Accident 10152675 health 1687500 plate glass 55618 burglary and theft 546000 auto property damage and teams 1693700 total 1 7 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1876 94459 unearned premiums fifty per cent 952495 8fi 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2075195 unearned premiums pro rata 16087 36 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 3682180 health 1276871 liability 1177735 plate glass 88950 burglary and theft 453394 auto property damage 650898 total 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statment 21625 00 138154 93 490 00 137664 93 3690 00 141354 93 38923 88 180278 81 968583 22 7ioo 28 253 39 32000 001082 Comptroller Generals Eeport 31 Dividends declared and unpaid to stockholders 35 Reinsurance 36 Advance premiums one hundred per cent 37 Other liabilities viz Reserve for installment policies claims 39 Voluntary reserve for contingencies 14000 00 5503 72 2842 25 105S09 00 100000 00 46 Total amount of all liabilities except capital 1487570 67 47 Capital actually paid up in cash 700000 00 48 Surplus over all liabilities 739456 91 49 Surplus as regards policyholders 1 439 456 91 50 Total liabilities 2927027 58 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 660812 health 170848 liability 255939 plate glass 17369 burglary and theft 33649 automobile property damage and teams 156380 total 12949 97 Gross losses paid Accident 331179 health 82249 liabi lity 1500 burglary and theft 5467 automobile property damage and teams 5930 total 4 263 25 RELIANCE LITE INSURANCE COMPANY OF PITTSBURGH PENN James H Reed President H G Scott Secret Home Office Fifth Ave and Wood St Pittsburgh Penn IIIncome 1 Gross premiums written and renewed during the year Accident A n 20748 51 Deduct reinsurance Accident 1 038 2 6 Net premiums Accident j lnn 19vl4 79 Totai e in 111Disbursements 1 Gross amount paid for losses Accident 4 528 75 2 Deduct reinsurance Accident I 327 oO 5 Net amount paid policyholders for losses Accident 4 201 25ComptrollerGenerals Report 17 Investigation and adjustment of claims viz Accident 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 30 Medical examiners fees and salaries 31 Inspections other than medical and claim 35 State taxes on premiums 43 Advertising 44 Printing and stationery 1083 l 70 7045 07 2750 00 303 00 108 00 252 00 2056 90 56 Total disbursements 16717 92 IVLedger Assets 1 Book value of real estae details given in life insurance statement S Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 1 74975total 1749 75 24 Total 1749 75 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1970264 unearned premiums fifty per cent 9851 32 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 50 Total liabilities carried to life statement Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident Gross losses paid Accident 900 00 900 00 9851 32 612 41 11363 73 89 67 12 501084 ComptrollebGeneeals Eepoet ROYAL CASUALTY COMPANY OF ST LOUIS MISSOURI Geo E Dickson President G w R Hans Secret W m A Wright Attorney for Service in Georgia ICapita Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous vear 107056 34 Extended at 107056 34 IIIncome 1 Gross premiums written and renewed during the year Accident and health 2 Deduct reinsurance Accident and health 3 Deduct return premiums on policies can celled Accident and health 4 Deduct premiums on policies not taken Accident and health 4 23 198 61 208 45 5 Total deductions Accident and health 6 Net premiums Accident and health 20 Policy fees required or represented by applications 22 Gross interest on mortgage loans 3054 38 25 Gross interest on deposits in trust com panies and banks 26 Gross interest from all other sources Cer tificates of deposit 2 260 3 14 i 30 Total gross interest and rents 31 From other sources Contributed by stockholders 33 Due bills 7120 miscellaneous 7596 total 34 Cancelled checks 35 Buttons 39 Total inc I Disbursements 1 Gross amount paid for losses Accident 14933 00 health 1180735 total 17 Investigation and adjustment of and health claims viz Accident 92270 35 411 91859 03 35096 00 5318 86 9051 03 147 16 220 26 15 15 141707 49 26740 35 933 78ComptrollerGenerals Report 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 28 Salaries fees and all other compensation of officers directors trustees and home office employees 32 Rents 35 State taxes on premiums 36 Insurance department licenses aria fees 39 City licenses 40 Taxes 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express exchange 46 Furniture and fixtures 49 Traveling expenses 156861 F H Pickrell 20000 50 Prizes 14330 prem on bond 3500 Bradstreet 3750 51 Miscellaneous 52 Agents balances 105175 advances on commissions 2 12852 total 53 Agents balances charged off 56 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 5 Cash in companys office Certificates of deposit 6 Interest in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest over draft 30 Ledger assets NonLedger Assets 31 Interest due 80700 and accrued 1 00595 on mortgages 32 Interest accrued on cer of dep 1812 95 326 15 37 Total 40 Other nonledger assets viz Bills receivable 41 Agents balances 248301 premiums in course of collec tion 318386 total 42 Furniture and fixtures 200000 printing etc 200000 Due bills 1085 35093 00 37347 21 17504 02 3881 47 1233 75 1694 85 159 85 1213 03 1294 00 699 98 3655 27 3335 55 1360 66 1768 61 215 80 384 20 3180 27 1619 33 143314 98 74800 00 5971 21 25200 00 50 13 572 49 105448 85 2 139 10 995 94 3183 86 4000 00 450 65 43 Gross assets 118711 401086 ComptrollerGenerals Report Deduct Assets Not Admitted 43 Bills receivable 46 Furniture and fixtures 47 Supplies printed matter and stationery 48 Due bills endorsed or not 56 Admitted assets 995 94 2000 00 2000 00 450 65 113254 87 VLiabilities 1 Losses and claims adjusted Accident 56439 health 57275 total 2 Losses and claims reported or in process of adjustment Accident 147937 health 100318 total 3 Losses and claims resisted Accident 225 00 health 28400 total 4 Total losses and claims Accident 2268 76 health 185993 total 8 Total losses and claims Accident 226876 health 1 85993 total 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 160 of 7 32715 12212 unearned premiums fifty per cent 72161 total 813 73 23 Total unearned premiums as shown by recapitulation 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the rear of this statement 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 0lMH 48 Surplus over all liabilities q fin oa9 41 49 Surplus as regards policyholders 50 Total liabilities 1137 14 2482 55 509 00 4128 69 4128 69 843 73 928 48 3474 56 9375 46 103879 41 113254 87 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident and health Gross losses paid Accident and health 8383 13 3060 40ComptkolleeGenekals Report 1087 ROYAL INDEMNITY COMPANY OF NEW YORK Edward F Beddall President J Harold Peareh Secretary B M Grant Co Attorneys for Service 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 1988342 74 1988342 74 Extended at v IIIncome 1 Gross premiums written and renewed during the year Accident 19816088 health 7234612 liability 81592465 fidelity 9299614 surety 2870409 plate glass 13425767 steam boiler 6152380 burglary and theft 13806044 fly wheel 908082 auto and teams property damage 28982592 work mens collective 1153006 total 2852410 59 2 Deduct reinsurance Accident 2729336 health 466239 liability 2422255 fidelity 372165 surety 404653 steam boiler 294188 burglary and theft 1630686 fly wheel 88586 auto and teams property damage 13 26037 total 97341 45 3 Deduct return premiums on policies can celled Accident 535102 health 2 05699 liability 6458215 fidelity 4 95830 surety 181068 plate glass 305554 steam boiler 379826 burg lary and theft 648323 fly wheel 28154 auto and teams property dam age 2378674 workmens collective 157396 total l 7738 41 4 Deduct premiums on policies not taken Accident 3372179 health 1448672 liability 35009452 fidelity 6 72510 surety 344133 plate glass 2235000 steam boiler 1219988 burglary and theft 1999373 fly Wheel 214892 auto and teams property damage 5088752 workmens collec tive 333250 total 519382 01 5 Total deductions Accident and health 6636617 health 2120610 liability 43889922 fidelity 15405051088 ComptrollerGenerals Report surety 929854 plate glass 2540554 steam boiler 1S94002 burglary and theft 4278382 fly wheel 331632 auto and teams property damage 87934 S3 workmens collective 490646 total 734461 87 6 Net premiums Accident 131794 71 health 51140 02 liability 137702543 fidelity 7759109 surety 19 40555 plate glass 10885213 steam boiler 42 58378 burglary and theft 9527662 fly wheel 5 76450 auto and teams property damage 201 891 29 workmens collective 662360 total 2 117 948 72 24 Gross interest on bonds and dividends on stocks less 936117 accrued interest on bonds acquired during 1912 64 282 95 25 Gross interest on deposits in trust com panies and banks 3375 34 30 Total gross interest and rents 31 From other sources Increase to surplus paid in by stock holders 36 From agents balances previously charged off 39 Total income 67658 29 250000 00 750 86 2436357 87 IIIDisbursements 1 Gross amount paid for losses Accident 6118570 health 1322325 liability 2111305 fidelity 5 45982 surety 232022 plate glass 2799675 steam boiler 99102 burglary and theft 2675127 auto and teams property damage 5589116 workmens collective 1 70886 total 2 Deduct reinsurance Accident 458984 health 140688 burglary and theft 299753 auto and teams property damage 315022 total 3 Deduct salvage Fidelity 138831 surety 00258 burglary and theft 1456 auto and teams property damage 74000 total i 4 4 12144 47 4 Total deductions Accident 458984 health 140688 fidelity 138831 surety 60258 burglary and theft 301209 auto and teams property damage 389022 total 5 Net amount paid polieyholders for losses Accident 56 59586 health 1181637 liability 2111305 fidelity 416641 10 14889 92ComptrollerGenerals Eepokt 1089 407151 suretv 171764 plate glass 2799675 steam boiler 99102 burg and theft 2373918 auto and teams property damage 5200094 workmens collective 170886 total 401751 18 17 Investigation and adjustment of claims viz Accident 93895 health 12894 liability 8730330 fidelity 2965 surety 6020 plate glass 14664 steam boiler 10460 burglary and theft 88573 auto prop erty damage and teams 1238871 workmens collec tive 28172 total 12MU 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 3683014 health 1438710 liability 27947706 fidelity 1891131 surety 4 82739 plate glass 3279772 steam boiler 1078741 burglary and theft 2431362 fly wheel 113595 auto and teams property damage 4522059 workmens col lective 79274 total 443380 00 28 Salaries fees and all other compensation of officers directors trustees and home office employees iusiio 29 Salaries traveling and all other expenses of agents not paid by commissions Lcr S3 31 Inspections other than medical and claim g 32 Rents g9 35 State taxes on premiums 4 068 17 36 Insurance department licenses and fees 39 Agents licenses 0 g 40 Publication fees 41 City and county taxes on premiums o0 06 42 Legal expenses 7 587 17 43 Advertising 03 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures l 48 Other disbursements Employers fidelity bonds 50 Subscriptions to publications gg 51 Head office sundry expenses 7Q 52 Auditors fees 54 Gross loss on sale or maturity of ledger assets viz Bonds 55 Cxross decrease by adjustment in book value of ledger assets viz Bonds JJ 1400899 99 56 Total disbursements TVLedger Assets 234987 54 4 Book value of bonds s 4 5 ash in companys office 1090 CompteolleeGeneeals Keport 7 Deposits in trust companies and banks on interest 200113 17 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 29 37198 health 1228874 liability 26244927 fidelity 1479912 surety 377155 plate glass 2340926 steam boiler 867912 burglary and theft 2168529 fly wheel 38603 auto and teams property damage 5440554 workmens collective 32372 total 411569 62 On policies ot renewals issued prior to October 1 1912 Accident 459622 health 129465 liability 2863540 fidelity 259301 surety 107533 plate glass 131166 steam boiler 6967 burglary and theft 89263 fly wheel 142620 auto and teams property damage 224354 total 44138 31 24 Total 455707 93 25 Bills receivable 500 0d 26 Other ledger assets viz Agents Sun bal and adv trav exP 11629 23 28 Cos proportion of the funds in hands of the Wkmens Comp Reins and Ins Bur 2 916 34 30 Ledger assets 3023800 62 NonLedger Assets 32 Interest accrued on bonds 34038 57 43 Gross assets 3057839 19 Deduct Assets Not Admitted 45 Bills receivable 500 00 49 Premiums in course of collection written prior to Oct 1 1912 44138 31 51 Book value of ledger assets over market value viz Bonds as per schedule D 34537 82 53 Agts Sun Bal and trav exp 11629 23 56 Admitted assets 2967 033 83 VLiabilities 1 Losses and claims adjusted Accident 77024 health 68105 plate glass 33023 burglary and theft 10900 auto and teams property damage 182744 workmen s collective 25207 total 3 920 03ComptrollerGenerals Report 2 Losses and claims reported or in process of adjustment Accident 1276737 health 194568 fidelity 8 38953 plate glass 542656 burglary and theft 833107 fly wheel 154800 auto and teams prop erty damage 1799356 workmens collective 91593 total 3 Losses and claims resisted 750000 burlary and theft 100000 auto and teams property damage 577100 total 1091 4 Total losses and claims Accident 2103761 health 2 57673 fidelity 848953 plate glass 575679 burg lary and theft 944007 fly wheel 154800 auto and teams property damage 2559200 workmens collec tive 116800 total 5 Deduct reinsurance Accident 73393 health 30178 burglary and theft 10000 auto and teams property damage 156500 total 6 Net unpaid claims except liability claims Accident 2030368 health 227495 fidelity 848953 plate glass 575679 burglary and theft 934007 fly wheel 154800 auto and teams property damage 2402700 workmens collective 116800 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 40000 health 4500 fidelity 5000 plate glass 3500 burglary and theft 35000 fly wheel 10000 auto and teams property damage 47500 workmens collective 2000 total 8 Total losses and claims Accident 2070368 health 2 31995 fidelity 853953 plate glass 579179 burg lary and theft 969007 fly wheel 164800 auto and teams property damage 2450200 workmens collective 118800 total 17 Special reserve for unpaid liability losses 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1778 56653 unearned premiums fifty per cent 889s 7 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 143 40575 unearned premiums pro rata 57417 70 14271 00 75608 73 2700 71 72908 02 1475 00 74383 02 306536 00 380919 02 105207 00 23 Total unearned premiums as shown by recapitulation 994490 271092 CompteollerGekebals Eepoet 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 972800 health 406020 liability 6206925 fidelity 3 96320 total 79820 65 26 Surety 99946 plate glass 793574 steam boiler 2 14635 burglary and theft 626923 total 17350 77 27 Fly wheel 69 49 28 Auto and teams property damage 872524 workmens collective 3804 total 8763 28 29 Salaries rents expenses bills accounts fees etc due or accrued 6805 70 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 37064 00 46 Total amount of all liabilities except capital 1525283 IS 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities 441750 65 49 Surplus as regards policyholders 1441750 65 50 Total liabilities 2967 033 83 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 1004826 health 733146 liability 1544589 fidelity 415766 surety 2100 plate glass 122982 steam boiler 18365 burglary and theft 93976 fly wheel 1450 automobile property damage 538751 workmens collective 23150 total 44991 01 Gross losses paid Accident 605674 health 109247 liability 274730 fidelity 37292 plate glass 44426 burglary and theft 4035 automobile prop erty damage 188955 workmens collective 5078 total 12694 37 THE RIDGELY PROTECTIVE ASSOCIATION OF WORCESTER MASSACHUSETTS Francis A Harrington President Austin A Heath Secretary Ralph T Winters Attorney for Service in Georgia 1 Amount of capita paid up in cash ICapital Stock 100000 00ComptrollerGenerals Report 1093 2 Amount of ledger assets as per balance December 31 of previous year 356535 96 Extended at 356535 96 IIIncome 1 Gross premiums written and renewed during the year Accident and health 3 Deduct return premiums on policies can celled Accident and health 20 24 321960 19 521 93 5 Total deductions Accident and health 6 Net premiums Accident and health Policy fees required or represented by applications Gross interest on bonds and dividends on stocks less 167849 accrued interest on bonds acquired during 1912 Gross interest on deposits in trust com panies and banks 13052 07 2616 67 30 Total gross interest and Tents 31 From other sources Collectors overremittanees 37 Gross profit on sale or maturity of ledger assets viz Bonds 521 93 321438 26 40928 50 15668 74 99 24 1255 00 39 Total income 379389 74 ITTDisbursements 1 Gross amount paid for losses Accident 7264220 health 107925 67 total 5 Net amount paid policy holders for losses Accident 72 64220 health 10792567 total 17 Investigation and adjustment of claims viz Accident and health 22 Policy fees retained by agents 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 32 Rents 35 State taxes on premiums 180567 87 180567 87 2501 31 39552 15 17804 20 46756 66 11482 54 2121 18 5501 831094 ComptrollerGenerals Report 36 Insurance department licenses and fees 1599 2 37 All other licenses fees and taxes Federal corporation tax 322 77 39 State corporation fax 1797 00 42 Legal expenses 262 75 43 Advertising 1068 10 44 Printing and stationery 4598 45 45 Postage telegraph telephone and express 4684 4 46 Furniture and fixtures 2419 43 47 Stockholders for interest or dividends amount declared during the year 5000 00 49 Miscellaneous 1024 55 53 Agents balances charged off ol 74 54 Gross loss on sale or maturity of ledger assets viz Bonds 3903 75 56 Total disbursements 33000 00 IVLedger Assets 4 Book value of bonds 5 Cash in companys office 7 Deposits in trust companies and banks on interest 30 Ledger assets NonLedger Assets 32 Interest accrued on bonds 43 Gross assets 5360 34 323526 50 235 73 79163 47 402925 70 408286 04 Deduct Assets Not Admitted 51 Book value of ledger assets over market value viz Bonds per schedule Dif 56 Admitted assets 996 50 407289 54 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 1568928 health 3377056 total 49459 84 3 Losses and claims resisted 74750 health 3000 total 777 50 4 Total losses and claims Accident 1643678 health 3380056 total 50237 34ComptrollerGenerals Report 1095 6 Net unpaid claims except liability claims Accident 16 43678 health 3380056 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 16380 health 37804 total 8 Total losses and claims Accident 1660058 health 3417860 total 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running 3 months from October 15 1912 8904625 un earned premiums pro rata 16 22 Gross premiums less reinsurance upon all unexpired risks running 3 months from January 15 1913 319950 un earned premiums pro rata 1 16 14841 04 3732 75 23 Total unearned premiums as shown by recapitulation 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30 Advance premiums one hundred per cent 46 Total amount of all liabilities except capital 47 Capital actually paid up in cash 100000 00 48 Surplus over all liabilities 224966 41 49 Surplus as regards policyholders 50 Total liabilities Business in The State of Georgia During The Year Gross premiums less return premium on risks written or renewed during the year Accident and health Gross losses paid Accident and health 50237 34 541 84 50779 18 50779 18 18573 79 1786 96 6163 20 5020 00 82323 13 324966 41 407289 54 11772 34 7954 361096 ComptrollerGenerals Report THE STANDARD ACCIDENT INSURANCE COMPANY OF DETROIT MICHIGAN Lem W Bowen President J 8 Heaton Secretary J G H Miles Atlanta Attorney for service 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 402851 98 Extended at 402851 98 IIIncome 1 Gross premiums written and renewed during the year Accident 146178347 health 24034591 liability 182285805 auto property damage 10090866 workmens collective 3294832 total 2 Deduct reinsurance Accident 2177960 liability 1219754 total 33977 14 3 Deduct return premiums on policies can celled Accident 4123020 health 644755 liability 1219754 total 194768 52 4 Deduct premiums on policies not taken Accident 19817152 health 49 56637 liability 20334162 auto prop erty damage 1934450 workmens collective 28610 total 470710 11 3718845 41 5 Total deductions Accident 26118132 health 56 01392 liability 34514101 auto property damage 3566012 workmens collective 145940 total 6 Net premiums Accident 1200602 15 health 184 33299 liability 147771704 auto property damage 12524854 workmens collective 3148892 total 20 Policy fees required or represented by applications 22 Gross interest on mortgage loans 11544 74 23 Gross interest on collateral loans 1461 74 21 Iross interest on bonds and dividends on stocks less 320875 accrued interest on bonds acquired during 1912 120182 01 25 Gross interest on deposits in trust com panies and banks 1741 61 28 Bills receivable on notes for premiums 457 73 30 Total gross interest and rents 699455 3019389 64 48198 76 135387 83ComptrollerGenerals Report 1097 37 Gross profit on sale or maturity of ledger assets viz Bonds 6250 00 39 Total income 3209226 23 IIIDisbursements 1 Gross amount paid for losses Accident 55198188 health 6822479 liability 59303226 auto property damage 4626619 workmens collective 2081286 total 1280297 98 2 Deduct reinsurance Accident 15004 49 4 Total Deduction Accident 15004 49 22 23 28 29 31 32 35 36 39 40 41 42 43 44 45 46 Xet amount paid policyholders for losses Accident 536 97739 health 6822479 liability 59301221 auto property damage 4626619 workmens collective 2081286 total 1265293 49 Investigation and adjustment of claims viz Accident 1056912 health 82064 liability 19878659 auto property damage 160079 workmens collective 46609 total 212243 23 Policy fees retained by agents 48198 7b Commissions or brokerage less amount received on return premiums and reinsurance for the following f classes Accident 35108137 health 5308813 liability 34031580 auto property damage 30 11829 workmens collective 852101 total 783124 60 Salaries fees and all other compensation of officers directors trustees and home office employees 62863 23 Salaries traveling and all other expenses of agents not paid by commissions 149533 31 Inspections other than medical and claim 24877 59 Bents 1008 00 State taxes on premiums 50104 43 Insurance department licenses and fees 9701 17 All other licenses fees and taxes Federal corporation tax 1382 40 Local taxes 127 i 94 Municipal licenses and taxes 2041 18 Publication annual 106832 bonds for Ins Dept 28000 Secretaries of state 40500 total 1753 32 Legal expenses f 659 79 Advertising 21081 91 Printing and stationery 2374 32 Postage telegraph telephone and express 18455 58 Furniture and fixtures 1286 691098 CompteollebGenebals Eepoet 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Traveling expenses of home office employees 50 Sundry expenses 53 Agents balances charged off 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 5j Total disbursements 70000 00 5 703 90 9600 27 46 26 11985 60 2884871 97 IVLedger Assets 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds sticks or other col laterals 4 Book value of bonds 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposit in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 193 97224 health 3794158 liability 18158842 auto property damage 1829047 workmens collective 9 33100 totals 441123 71 On policies or renewals issued prior to October 1 1912 Accident 1663822 health 276998 liability 1358552 auto property damage 120897 work mens collective 27868 total 34481 37 24 Total 26 Other ledger assets viz Workmens compensation fund special reinsurance 203325 00 35597 C7 3459703 03 7230 88 168810 07 176040 95 475605 OS 2598 11 30 Ledger assets NonLedger Assets 31 Interest due 78390 and accrued 2 29585 on mortgages 3078 75 32 Interest accrued on bonds 59237 03 33 Interest due 77124 and accrued 3760 mi collateral loans 808 84 37 Total 63124 62 ComptrollerGenerals Keport 109 39 Market value not including interest in item 32 of bonds and stocks over book value 1591 32 43 Gross assets 4417585 18 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 34481 37 51 Book value of ledger assets over market value viz Decrease in collateral loan 5665 07 55 Total 40146 44 56 Admitted assets 4377438 74 VLiabilities 1 Losses and claims adjusted Accident 5221728 health 235182 auto property damage 561875 workmens collective 88742 total 2 Losses and claims reported or in process of adjustment Accident 19424422 health 2208318 auto property damage 1504645 workmens collective 462252 total 3 Losses and claims resisted Accident 2614000 auto property damage 262500 total 59075 27 235996 37 28765 00 4 Total losses and claims Accident 27260150 health 2443500 auto property damage 2129020 work men s collective 550994 total 6 Net unpaid claims except liability claims Accident 27260150 health 2443500 auto property damage 2129020 workmens collective 5511904 total 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 546350 health 56500 auto property damage 43750 workmens collective 15550 total 8 Total losses and claims Accident 27806500 health 25mkiid auto property damage 2172770 work men s collective 566544 total 1 7 Special reserve for unpaid liability losses 323836 64 323836 04 0021 50 330458 11 701863 97 20 Total unpaid claims and expenses of settlement 21 Gross premiums less reinsurance upon all unexpired risks running one year 1032322 111100 ComptrollerGenerals Eepoet or less from date of policy 2259 30970 unearned premiums fifty per cent 1129654 85 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 5477806 unearned premiums pro rata 25468 36 23 Total unearned premiums as shown by recapitulation 1155123 21 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 5722181 health 1172394 liability 4555011 auto property damage 451774 workmens collective 229542 total 121309 02 29 Salaries rents expenses bills accounts fees etc due or accrued 7467 25 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 59 772 51 34 Return premiums 19850 58 35 Reinsurance 2 238 19 36 Advance premiums one hundred per cent 7 443 67 46 Total amount of all liabilities except capital 2405526 54 47 Capital actually paid up in cash 500000 00 48 Surplus over all liabilities 1471912 20 49 Surplus as regards policyholders 1 97j 912 20 50 Total liabilities 4377438 74 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or renewed during the year Accident 2458746 health 840542 liability 805385 automobile property damage 189706 total 42 943 79 Gross losses paid Accident 1242266 health 301778 liability 558483 automobile property damage 55457 total 21579 84ComptrollerGenerals Kepokt 1101 THE TITLE GUARANTEE SURETY COMPANY OF SCRANTON PA L A Watres President J H Law Secretary D B Mclntyre 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 2223191 59 3 Increase of paid up capital during the year 287180 00 Extended at 2510371 59 IIIncome 1 Gross premiums written and renewed during the year Fidelity and surety 133350903 title 70083 total 1334209 86 2 Deduct reinsurance Fidelity and surety 139828 94 3 Deduct return premiums on policies can celled Fidelity and surety 169244 33 4 Total deductions Fidelity and surety 309073 27 5 Net premiums Fidelity and surety 102443576 title 70083 total 1025136 59 22 Gross interest on mortgage loans 23 Gross interest on collateral loans 24 Gross interest on bonds and dividends on stocks less 201657 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 26 Gross interest from all other sources mis cellaneous 29 Gross rents from companys property in cluding 800000 for companys occu pancy of its own buildings 5393 17 444 74 52565 59 5976 94 190 43 9625 00 30 Total gross interest and rents 31 From other sources Title dept search fees 33 Return of amt advanced II S Treas Dept Exam 34 Received from sale of furniture and fix 36 From agents balances previously charged off 37 Gross profit on sale or maturity of ledger assets viz Bonds 39 Total Income 74105 87 5423 89 2000 00 3037 25 397 69 937 50 1111128 791102 ComptrollerGenerals Report IIIDisbursements 1 Gross amount paid for losses Fidelity and surety 3 Deduct salvage Fidelity and surety 80847 67 4 Total deduction Fidelity and suret 5 Net amount paid policyholders for losses Fidelity and surety 17 Investigation and adjustment of claims viz Surety 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Surety 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 32 Rents including 800000 for companys occupancy of its own buildings 33 Repairs and expenses other than taxes on real estate 34 Taxes on real estate 35 State taxes on premiums 36 Insurance department licenses and fees 42 Legal expenses 43 Advertising 44 Printing and stationery 45 Postage telegraph telephone and express 46 Furniture and fixtures 48 Other disbursements General expenses 50 Title dept search and recording fees 53 Agents balances charged off 54 Gross loss on sale or maturity of ledger assets viz Bonds 55 Gross decrease by adjustment in book value of ledger assets viz Real estate 413730 22 89847 67 323882 55 65050 76 175841 63 107562 76 240488 14 12500 00 3461 71 1554 17 15544 45 14738 24 500 00 5797 90 23681 64 29140 24 10549 34 29481 68 2662 14 7385 03 4134 38 5204 82 56 Total disbursements 1085 161 58 IV Ledger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Bools value of bonds 130305955 and stocks 36 20000 total 5 Cash in companys office 6 Deposits in trust companies and banks on interest 7 Deposits in trust companies and banks on interest 115000 00 26562 00 1339259 55 4896 67 28450 on 335763 45 ComptrollerGenerals Report 1103 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Fidelity surety 33417011 title 143655 total On policies or renewals issued prior to October 1 1912 Fidelity and surety 335606 66 117375 00 24 Total 25 Bills receivable 27 Advances on contracts 1 28 Real estate mtg and judgments 3 30 Ledger assets 452981 66 103678 94 58624 05 61122 48 2546338 80 NonLedger Assets 31 Interest accrued on mortgages 32 Interest accrued on bonds 1298 07 8238 33 43 Gross assets 2555875 20 Deduct Assets Not Admitted 49 51 Premiums in course of collection written prior to Oct 1 1912 Book value of ledger assets over market value viz Bonds and stocks 117375 00 41569 55 56 Admitted assets 2396930 65 VLiabilities 2 3 4 6 8 21 22 23 Losses and claims reported or in process of adjustment Fidelity and surety i Losses and claims resisted Fidelity and surety 134795 67 185288 10 Total losses and claims Fidelity and surety Net unpaid claims except liability claims Fidelity and surety 320083 77 320083 77 Total losses and claims Fidelity and surety Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 77878093 unearned premiums fifty per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 8175048 unearned premiums pro rata 320083 77 389390 46 40875 24 Total unearned premiuns as shown by recapitulation 430265 701104 ComptrollerGenerals Eeport 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Surety 29 Salaries rents expenses bills accounts fees etc due or accrued 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 Reinsurance 40813 36 1000 00 24122 13 62081 02 46 Total amount of all liabilities except capital 878 365 98 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities 518 564 67 49 Surplus as regards policyholders 1 518 564 67 50 Total liabilities 2396930 65 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or renewed during the year Fidelity and surety Gross losses paid Fidelity and surety 13179 55 228 00 THE TRAVELERS INDEMNITY COMPANY OF HARTFORD CONN 8 Dunham President Home Office 700 Main Street Hartford Connecticut H F Rascher Attorney for Service in Georgia ICapita Stock 1 Amount of capita paid up cash 1000000 Oil 2 Amount of ledger assets as per balance L P Butler Secretary December l of previous year 1841564 01 Extended at LS41564 01 IfIncome 1 Gross premiums written and renewed during the vear Accident 4473120 health 3753275 liability 16112584 steam Doiler 17143534 fly wheel 8 12800 auto property damage 72608823 total 1 no41 40ComptbollerGenerais Report 1105 2 Deduct reinsurance Steam boiler 4 95481 fly wheel 212926 total 7084 07 3 Deduct return premiums on policies can celled Accident 27165 health 40392 liability 1928710 steam boiler 1606473 fly wheel 84114 auto property damage 6958065 total 106449 19 4 Deduct premiums on policies not taken Accident 711174 health 561027 liability 23347 00 steam boiler 23 38217 fly wheel 114020 auto prop erty damage 12083204 total 161732 40 5 Total deductions Accident 738339 health 561027 liability 2334700 steam boiler 4440171 fly wheel 411060 auto property damage 19041269 total 275265 06 6 Net premiums Accident 3734781 health 3192248 liability 13777884 steam boiler 12703363 fly wheel 421746 auto property damage 53567554 total 8975 76 303 45 21 Inspections 22 Gross interest on mortgage loans 24878 40 23 Gross interest on collateral loans 2615 oO 24 Gross interest on bonds and dividends on stocks A07 39 25 Gross interest on deposits in trust com panies and banks 1820 68 30 Total gross interest and rents 79423 03 37 Gross profit on sale or maturity of ledger assets viz 194 00 Bonds 38 Gross increase by adjustment in book value of ledger assets viz Bonds 1462 63 39 Total income 955358 87 IITDisbursements 2 Gross amount paid for losses Accident 3001609 health 261381 liability 367760 steam boiler 10 62756 flv wheel 96412 auto property damage 17607506 total 22974 84 2 Deduct reinsurance Flywheel 4 3 Deduct salvage Steam boiler 3165 fly wheel 166 auto property damage 377335 total 3806 6 4 Total deduction Steam boiler 3165 By wheel 64441 auto property damage 377335 total 4449 411106 ComptrollerGeneeals Eepoet 5 Net amount paid policykolders for losses Accident 30 01669 health 261381 liability 367760 steam boiler 1059591 fly wheel 31971 auto property damage 17230171 total 219525 43 17 Investigation and adjustment of claims viz Accident 7192 health 10730 liability 18397 steam boiler 119927 fly wheel 11000 auto property damage 3713954 total 38 812 00 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 12 79445 health 713056 liability 4 11517 steam boiler 2963438 fly wheel 76619 auto property damage 10842940 total 162870 15 28 Salaries fees and all other compensation of officers directors trustees and home office employees 30465 JW 29 Salaries traveling and all other expenses of agents not paid by commissions 37 753 05 31 Inspections other than medical and claim 70 511 57 32 Rents 9586 69 35 State taxes on premiums 10 303 84 36 Insurance department licenses and fees 5 854 87 37 All other licenses fees and taxes Federal corporation tax 800 11 39 Capital stock tax U qq qq 40 County and municipal licenses and fees 42 00 41 County and municipal taxes 208 79 42 Legal expenses 8 50 43 Advertising r 44 Printing and stationery 4 429 84 45 Postage telegraph telephone and express 372 16 46 furniture and fixtures 533 0s 47 Stockholders for interest or dividends amount declared during the year 60j000 00 49 Exchange 102 95 50 Miscellaneous expenses 0 Ss 53 Agents balances charged off 53 0 55 Gross decrease by adjustment in book value of ledger assets viz Bonds IVI5 75 56 Total disbursements 67j 070 71 IVLedger Assets 2 Mortgage loans on real estate 525930 00 3 Loans secured by pledge of bonds stocks or other col Iaterals 53475 00 4 Book value of bonds 1 35g 70 37 5 Cast in companys office 28086 7 7 Deposits in trust companies and banks on interest 53110 23ComptrollerGenerals Report HOT 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident5 22041 health 368407 liability 1 97405 steam boiler 2203823 fly wheel 109718 auto property damage 5577928 total 9793 22 On policies or renewals issued prior to October 1 1912 Accident 1100 health 28650 liability 20000 fly wheel 64560 auto property damage 1400529 total 6690 5i 108483 78 24 Total 2125846 17 30 Ledger assets NonLedger Assets 31 Interest accrued on mortgages i388 4 32 Interest accrued on bonds 19641 2b 33 Interest on collateral loans 842 09 26871 82 Total 39 Market value not including interest in item 32 of bonds and stocks over book value 2152930 62 43 Gross assets Deduct Assets Not Admitted 49 Premiums in course of collection written prior to October 1 1912 i90 2136240 06 56 Admitted assets VLiabilities 2 Losses and claims reported or in process of adjustment Vcident 66000 health 115500 steam boiler 1 366i 00 85000 total T Losses and claims resisted steam boiler 4 Total losses and claims Accident 66000 health 1 155 00 steam boiler 210000 totals V 6 Net unpaid claims except liability claims Accident 66000 health 115500 steam boiler 210000 total 1108 ComptrollerGenerals Report Estimated expenses of investigation and adjustment of unpaid claims health 3369 steam boiler 10500 total 138 69 8 Total losses and claims Accident 66000 health 1 18869 steam boiler 220500 total 4053 69 17 Special reserve for unpaid liability losses 69 058 00 18 Special reserve for unpaid liability losses auto prop dam age 71796 18 20 Total unpaid claims and expenses of settlement 144907 87 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 369964 92 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 143409 10 23 Total unearned premiums as shown by recapitulation 513374 02 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 182714 health 151825 liability 40468 steam boiler 4 95860 fly wheel 21943 auto property damage 11 71364 total 20 641 74 29 Salaries rents expenses bills accounts fees etc due or accrued 1 747 oq 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20234 90 36 Advance premiums one hundred per cent 6 00 37 Other liabilities viz Reserve claims incurred on or before Dec 31 1912 notices of which were received subsequently 4 475 89 46 Total amount of all liabilities except capital 705387 62 47 Capital actually paid up in cash 1000000 00 48 Surplus over all liabilities 430852 44 49 Surplus as regards pol icy holders 1 430852 44 50 Total liabilities 2136 240 06 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or renewed during the year Accident 38865 health 1750 liability 158769 steam boiler 173595 fly wheel 5000 automobile property damage 1144723 total 15192 0ComptrollerGenerals Report 1109 Gross losses paid Accident 11964 health 5786 auto mobile property damage 282835 total 3005 85 THE TRAVELERS INSURANCE COMPANY OF HARTFORD CONN Sylvester C Dunham President James L Howard Secretary Home Office No 700 Main Street Hartford Conn ICapital Stock 1 Amount of capital paid up up in cash 2500000 00 2 Amount of ledger assets as per balance December 31 of previous year 16816066 4 Extended at 16816 066 74 IIIncome 1 Gross premiums written and renewed during the year Accident 492671153 health 72674041 liability 918794192 workmens collective 8691065 total 14928304 51 2 Deduct reinsurance Accident 14838912 health 1502430 liability 11731257 total 3 Deduct return premiums on policies can celled Accident 10815472 health 2024129 liability 50967168 work mens collective 73594 total 4 Deduct premiums on policies not taken Accident 60643696 health 119 90204 liability 100322227 work mens collective 703438 totals 1734595 6o 280725 99 638803 63 5 Total deductions Accident 86298080 health 155 16763 liability 162820652 workmens collective 777032 total 6 Net premiums Accident 400373073 health 571 57278 liability 755973540 workmens collective 7914033 total 21 inspections 23 Gross interest on collateral loans 24 Gross interest on bonds and dividends on stocks less 491034 accrued interest on bonds acquired during 1912 2654125 27 38 00 14915 23 656265 251110 ComptbollebGeneeals Eepoet 25 Gross interest on deposits in trust com panies and banks 26 Gross interest from all other sources In on bills receivable 12827 84 4144 97 30 Total gross interest and rents 36 From agents balances previously charged off 37 Gross profit on sale or maturity of ledger assets viS Bonds Stocks 38 Gross increase by adjustment in book value of ledger assets viz Bonds 39 Total income 688153 29 388 1 785 50 40480 63 107309 80 13111335 65 11 rDisbursements 1 Gross amount paid for losses Accident 217398150 health 23166390 liability 345399923 workmen s collective 4428165 total 5903 926 28 2 Deduct reinsurance Accident 15466027 health 574988 liability 275000 total 163160 15 4 Total deduction Accident 15466027 health 574988 liability 275000 total 163160 15 23 5 Net amount paid policyholders for losses 2019321 23 health 22591402 liability 345124923 workmens collective 4428165 total 16 Matured endowments and surrender values under ten premium accident policies 17 Investigation and adjustment of claims viz Accident 8817936 health 1118971 liability 103698311 workmens collective 218474 total Commissions or brokerage less amount received on return premiums and reinsurance for the following lasses Accident 121628132 health 16256826 liability 148731870 workmens collective 1014800 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees 28 traveling expenses home office 29 Salaries traveling and all other expenses of agents not paid by commissions 29 Salaries traveling and all other expenses of pay roll auditors 30 Medical examiners fees and salaries 5740 11 766 13 299 70 1138536 92 2876316 28 448494 52 28168 94 578866 48 127467 98 15800 07ComptrollerGenerals Report HH 31 Inspections other than medical and claim 267259 47 32 Rents including 3277338 balance Life Department Statement for companys occupancy of its ofn build ings 167113 33 35 State taxes on premiums 36 Insurance Department licenses and fees 37 All other licenses fees and taxes Federal Corporation tax 129150 00 39 Capital stock tax 4 877 47 40 County and municipal licenses and fees 41 County and municipal taxes s 29 71 42 Legal expenses 73756 72 43 Advertising 7lll8 51 44 Printing and stationery finns 17 45 Postage telegraph telephone and express MJ 46 Furniture and fixtures 47 Stockholders for interest or dividends amount declared during the year 48 Other disbursements Heat and light and miscellaneous expenses of officers igg 3g 50 Newspapers periodicals and books 50 Exchange 2gg 0 51 Miscellaneous expenses 52 Profit and loss 1 377 19 53 Agents balances charged off 54 Gross loss on sale or maturity of ledger assets viz 310 o Bonds 55 Gross decrease by adjustment in book value of ledger assets viz Bonds 12513052 01 56 Total disbursements IVLedger Assets 3 Loans secured by pledge of bonds stocks or other col laterals 2362 4 Book value of bonds 956360500 stocks 4534 33630 total 1409 5 Cash in companys office 51 Cash at branch offices 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 378 74944 health 6615175 liability 1 161213 95 workmens collective 12 27L81 total 1618386 95 941 30 000 00 109 18 982 84 918 58H12 ComptrollerGenerals Eeport On policies or renewals issued prior to October 1 1912 Accident 4037706 health 650948 liability 33942377 workmens collective 7657 total 386386 88 24 Total 9 2004773 83 25 Bills receivable 27 Agents ledger balances 7 t 44073 2o 30 Ledger assets 1 414350 38 NonLedger Assets 32 Interest accrued on bonds 137 2a1 43 33 Interest due 10000 and accrued 349219 on collateral loans 3 592 19 Total Q w 140857 62 39 Market value not including interest in item 32 of bonds and stocks over book value 345 4g8 70 43 Gross assets 17900696 70 Deduct Assets Not Admitted 45 Bills receivable 3g 86g 0Q 40 Agents ledger balances 44 073 9 49 Premiums in course of collection written prior to October 1 191 386386 gg 55 Total 469328 13 56 Admitted assets 17431 368 57 VLiabilities 1 Losses and claims Adjusted Accident 11827 05 health 321165 workmens collective 162875 16 667 45 2 Losses and claims reported or in process of adjustment Accident 35701065 health 5333856 workmens collective 934685 total 414 3 Losses and claims resisted Accident li7861 117 4 Total losses and claims Accident 48669877 health 5055021 workmen s collective 0 fr 6 Net unpaid claims except liability claims Accident 48069877 health 5655021 workmens collective 1097560 total 4224 58 ComptrollerGenerals Beport 1113 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 2433494 health 282751 workmens collective 54878 total 27711 23 8 Total losses and claims Accident 51103371 health 5937772 workmens collective 1152438 total 581935 81 17 Special reserve for unpaid liability losses 3068674 00 20 Total unpaid claims and expenses of settlement 3650609 81 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 949782896 unearned premiums fifty per cent 4748914 48 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 371 76504 unearned premiums pro rata long term 18745164 10 prem acci dent 34333000 total 530781 64 24 29 30 36 37 39 40 41 42 43 44 Total unearned premiums as shown by recapitulation Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 11362483 health 1984553 liability 24385494 workmens collective 165672 total Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Advance premiums one hundred per cent Other liabilities viz Reserve Accident contingent fund Reserve accident accumulations Reserve liability excess limits Reserve workmens compensation contingent fund Reserve claims incurred on or before Dec 31 1912 nocises of which were received subsequently accident Reserve claims incurred on or before Dec 31 1012 notices of which were received subsequently health Reserve claims incurred on or before Dec 311912 notices of which were received subsequently workmens col lective 5279696 12 378982 02 138879 22 249814 00 7624 71 209643 10 200337 02 52365 40 151575 50 4556 53 5483 01 627 38 46 Total amount of all liabilities except capital 10500000 001H4 ComptbollebGenebals Eepoet 47 Capital actually paid up in cash 2500000 00 48 Surplus over all liabilities 456ol67 75 49 Surplus as regards policyholders 7060167 75 50 Total liabilities 17431368 57 Business in the State of Georgia During the Year Gross premiums received less return premiums on risks written or renewed during the year Accident 54 92862 health 18614 21 liability 7150003 total 145 042 86 Gross losses paid Accident 2779683 health 1115159 liability 19073 26 total 58 01 68 UNITED STATES CASUALTY COMPANY NEW YORK N Y Edson S Lott President D G Luckett Secretary Home Office 141 Broadway New York City N Y John H Mullin Attorney for Service in Georgia ICapita Stock 1 Amount of capital paid up in eash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 2760697 85 Extem1etl at 2760697 85 IIIncome 1 Gross premiums written and renewed during the year Accident 66817790 health 294642 02 liability 145538577 plate glass 621143 steam boiler 68 19594 burglary and theft 9611263 Sprinkler 44 54337 auto and teams property damage 28298 42 workmens collective 827190 total 2669839 38 z Deduct reinsurance Accident 3499284 health 302746 liability 83982 plate glass 2047 steam boiler 4 91827 burglary and theft 726165 sprinkler 605790 total 57118 41 3 Deduct return premiums on policies can cancelled Accident 1592511 health 751300 liability 8703584 steam ComptrollerGenerals Repogt 1115 boiler 543708 burglary and theft 337693 sprinkler 281472 auto and teams property damage 204513 work mens collective 38034 total 124528 15 4 Deduct premiums on policies not taken Accident 10771632 health 61 43123 liability 39758086 plate glass 124906 steam boiler 2145089 burglary and theft 1584381 sprinkler 1376830 auto and teams property damage 593002 workmens collec tive 271680 total 627687 29 5 Total deductions Accident 15863427 health 71 97169 liability 48545652 plate glass 126953 steam boiler 3l80624 burglary and theft 2648239 Sprinkler 2264092 auto and teams property damage 797515 workmens collective 309716 total 809333 85 6 Net premiums Accident 50954363 health 22267033 liability 96992925 plate glass 494190 steam boiler 3638970 burglary and theft 69630 24 Sprinkler 2190245 auto and teams property damage 2032327 workmens collective 517476 total 1860505 53 22 Gross interest on mortgage loans 13151 73 24 Gross interest on bonds and dividends on stocks less 46597 accrued interest on bonds acquired during 1912 100601 25 Gross interest on deposits in trust com panies and banks 1080 23 30 Total gross interest and rents 114833 49 31 From other sources Eecovery of items previously charged to profit and loss 154 33 34 Loan German American Bank 25000 00 39 Total income mi 35 IIIDisbursements 1 Gross amount paid for losses Accident 25496704 health 10447934 liability 48276245 plate glass 12536 steam boiler 321820 burglary and theft 2574972 sprinkler 1236770 auto and teams prop erty damage 631348 workmens collective 1 80845 total 2 Deduct reinsurance Accident 1497857 health 130626 steam boiler 113149 891791 741116 ComptrollerGeneral s Eeport burglary and theft 235720 sprinkler 163456 total 21408 08 4 Total deduction Accident 1497857 health 130626 steam boiler 113149 burglary and theft 235720 sprinkler 163456 total 5 Net amount paid policyholders for losses Accident 23998847 health 10317308 liability 482762 45 plate glass 12536 steam boiler 208671 burglary and theft 2339252 sprinkler 1073314 auto and teams property damage 631348 workmens collec tive 180845 total 17 Investigation and adjustment of claims viz Accident 1827642 health 758536 liability 9857852 plate glass 6535 steam boiler 137S42 burglary and theft 262412 sprinkler 148788 auto and teams property damage 293953 workmens collective 29990 total 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 14797853 health 6587579 liabilitv 20969047 plate glass 69303 steam boiler 7 49868 burglary and theft 1943405 sprinkler 4 77189 auto and teams property damage 411097 workmens collective 123343 total 28 Salaries fees and all other compensation of officers directors trustees and home office employees 29 Salaries traveling and all other expenses of agents not paid by commissions 31 Inspections other than medical and claim 32 Rents 34 Taxes on real estate 35 State taxes on premiums 36 Insurance department licenses and fees 37 All other licenses fees and taxes Federal corporation tax 39 Taxes on persona property 40 Municipal licenses 41 Franchise tax 42 Legal expenses Advertising 44 Printing and stationery 45 Postage telegraph Telephone and express 46 Furniture and fixtures 47 Stkholders for interest or dividends amount declared during the year 5000000 48 Other disbursements Extended free accident insurance 21408 08 870383 66 133235 50 4612S6 84 127119 69 53486 46 26475 50 19927 97 100 36 28892 20 617S 59 87 96 51 21 1271 94 307 42 4555 48 2111 16 25477 69 10660 84 3855 40 49940 00 2094 S3ComptrollerGenerals Report 50 Miscellaneous 51 Profit and loss 131616 loss unpaid German American Bank 2500000 total 52 Fees of auditors 246032 interest on temporary loan 9722 total 56 Total disbursements IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Book value of bonds 93375662 and stocks 1329 34136 total 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 58 61838 health 3123422 liability 12626147 plate glass 263490 steam boiler 1037267 burglary and theft 1313575 sprinkler 419903 auto and teams property damage 239659 workmens collective 102966 total 249882 67 24 Total 26 Other ledger assets viz Cash in hands of resident man agers and adjusters 28 Agents ledger balances debits 275237 credits 82052 29 The workmens compensation reinsurance and inspection bureau fund 217691 1117 7013 84 26316 16 2557 54 1863388 24 4500 00 300600 00 2263097 98 1956 70 25225 14 44231 71 249882 67 4200 00 1931 85 2176 91 30 LedgeT assets 2897802 96 ISonLedger Assets 31 Interest accrued on mortgages 32 Interest accrued on bonds 3967 63 10412 21 37 Total 43 Gross assets 14379 84 2912182 80 Deduct sseis Not Admitted 51 Book value of ledger assets over market value viz Bonds 53 Stocks 53056 62 99016 361118 ComptrollerGenerals Report 54 Cash in hands of resident managers and adjusters 4j200 00 55 Agents ledger balances 2752 37 Total 159025 35 56 Admitted assets o753jl57 45 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 3885300 health 1425600 plate glass 3300 steam boiler 7700 burglary and theft 4 87300 sprinkler 99000 auto and teams property damage 180000 workmens collective 14900 total 6103100 3 Losses and claims resisted Accident 2715800 steam boiler 45000 burglary and theft 73800 auto and teams property damage 85500 totals 29201 00 Total losses and claims Accident 6611100 health 1425600 plate glass 3300 steam boiler 52700 burglary and theft 561100 sprinkler 99000 auto and teams property damage 265500 workmens col lective 14900 total Net unpaid claims except liability claims Accident 66 01100 health 1425600 plate glass 3300 steam boiler 52700 burglary and theft 561100 sprinkler 99000 auto and teams property damage 265500 workmens collective 14900 total Estimated expenses of investigation and adjustment of unpaid claims Accident 733400 health 158400 plate glass 400 steam boiler 5800 burglary and theft 62400 sprinkler 11000 auto and teams property damage 29500 workmens collective 1600 total 90232 00 90232 00 10025 00 8 Total losses and claims Accident 7334500 health 1584000 plate glass 3700 steam boiler 58500 burglary and theft 623500 sprinkler 110000 auto and teams property damage 2950 00 workmens col lective 16500 total 100257 00 1 Special reserve for unpaid liability losses 177 041 00 20 Total unpaid claims and expenses of settlement 277298 00 21 Gross premiums less reinsurance upon all unexpired risks running one yearComptrollerGeneral s Report 1119 or less from date of policy 1481 56382 unearned premiums fifty per cent 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 243 25282 unearned premiums pro rata 742422 98 125296 31 23 24 29 30 31 35 36 37 38 40 41 43 Total unearned premiums as shown by recapitulation Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1912 viz Accident 1487002 health 810385 liability 3272525 plate glass 66651 steam boiler 254130 burglary and theft 343564 sprinkler 102876 auto and teams prop erty damage 58717 workmens collective 25227 Salaries rents expenses bills accounts fees etc due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Dividends declared and unpaid to stockholders Reinsurance Advance premiums one hundred per cent Other liabilities viz Additional special reserve for claims including claims incurred 1912 reported 1913 Contingent fund Reserve for reinsurance in companies not admitted in New York The workmens compensation reinsurance and inspection bureau fund 867719 29 64210 77 3500 00 30000 00 12785 00 10076 13 716 02 100000 00 74234 49 12433 71 184 04 46 Total amount of all liabilities except capital 1453157 45 47 Capital actually paid up in cash 500000 00 48 Surplus over all liabilities 800000 00 49 Surplus as regards policyholders 1300000 00 50 Total liabilities Business in The State of Georgia During The Year Cross premiums less return premiums on risks written or renewed during the year Accident 1054862 health 687187 liability 3424604 steam boiler 8802 burglary and theft 30625 sprinkler 46450 auto mobile and teams property damage 23956 workmens collective 144727 total 2753157 45 1041 131120 ComptrollerGenerals Report Gross losses paid Accident 427470 health 290401 liability 2251439 steam boiler 14450 burglary and theft 1129 automobile and teams property damage 6654 workmens collective 28135 total 30200 78 UNITED STATES FIDELITY AND GUARANTY COMPANY OF BALTIMORE MARYLAND Jno R Bland President Geo R Callis Secretary W F Patterson and Geo S Haines Attorneys for Service IDeposit Capital 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 7018954 86 Extended at 7018954 86 IIIncome 1 Gross premiums written and renewed during the year Aecident 16314194 health 6360892 liability 165750996 fidelity and surety 416376692 plate glass 12078583 steam boiler 2655277 burglary and theft 33808255 fly wheel 347823 auto prop erty damage 15320193 workmens collective 26 41390 total 6716542 95 2 Deduct reinsurance Aecident 1153862 health 360457 liability 248829 fidelity and surety 20752746 plate glass 6470 steam boiler 1090342 burglary and theft 2293527 fly wheel 103099 auto property damage 66201 total 260755 33 3 Deduct return premiums on policies can celled Accident 549574 health 2 74408 liability 14322705 fidelity and surety 29411940 plate glass 396227 steam boiler 163840 burg lary and theft 1384863 fly wheel 32598 auto property damage 18 72605 workmens collective 73202 484818 72 4 Deduct premiums on policies not taken Accident 2217334 health 996201 vkkj ComptrollerGenerals Report 1121 liability 24854564 fidelity and surety 115638833 plate glass 1896044 steam boiler 485842 burglary and theft 3567254 fly wheel 142337 auto property damage 2457920 work mens collective 364547 total 526209 40 5 Total deductions Accident 3920834 health 16 31066 liability 39426098 fidelity and surety 658 03519 plate glass 2298741 steam boiler 1740024 burglary and theft 7245644 fly wheel 277944 auto property damage 431961726 Workmens col lective 437749 total 1271783 45 6 Net premiums Accident 123933 60 health 4729826 liability 126324898 fidelity and surety 3505 73173 plate glass 9779842 steam boiler 915253 burglary and theft 26562611 fly Wheel 69879 auto property damage 10923467 workmens collec tive 22036 41 total 5444759 50 21 Inspections 85 79 22 Gross interest on mortgage loans 162 50 23 Gross interest on collateral loans 1675 15 24 Gross interest on bonds and dividends on stocks less 272987 accrued interest on bonds acquired during 1912 183010 25 25 Gross interest on deposits in trust com panies and banks 7265 66 26 Gross interest from all other sources Premium deposits in branch office 3171 18 29 Gross Tents from companys property in cluding 3500000 for companys occu pancy of its own buildings 61515 41 30 Total gross interest and rents 256800 15 31 From other sources Munich Eeinsurance Co reserve account 2196 28 36 From agents balances previously charged off 1199 56 37 Gross profit on sale or maturity of ledger assets viz Bonds 4935 84 Storks 2006 00 39 Total income 5712283 12 IIIDisbursements 1 Gross amounl paid for losses Accident 6401951 health 2138885 liability 48957125 fidelity and surety 151217212 plate glass 2903549 steam1122 CompteolleeGeneeals Eepoet boiler 18240 burglary and theft 7881491 auto property damage 3662182 workmens collective 9 42332 total 2241229 67 Deduct reinsurance Accident 130229 health 199157 liability 5000 fidel ity and surety 1593761 burglary and theft 562840 total 2490987 Deduct salvage Health 1250 liability 337895 fidelity and surety 435 94506 plate glass 33027 burglary and theft 135817 auto property damage 264735 workmens collective 1215 total 443684 45 Total deduction Accident 130229 health 200407 liability 342895 fidelity and surety 45188267 plate glass 33027 burglary and theft 698657 auto property damage 264735 workmens collective 1215 total 468594 32 5 Net amount paid policyholders for losses Accident 62 71722 health 1938478 liability 48614230 fidel ity and surety 106028945 plate glass 2870522 steam boiler 18240 burglary and theft 7182834 auto property damage 3397447 workmens collec tive 941117 total 1772635 35 17 Investigation and adjustment of claims viz Accident 55118 health 10565 liability 6534383 surety 10404555 plate glass 1565 steam boiler 1385 burglary and theft 290701 auto property damage 177332 workmens collective 3618 total 174792 22 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 3888323 health 1283684 liability 23336086 surety 72558730 plate glass 2822474 steam boiler 12477 burglary and theft 6524180 fly wheel 1913 auto property damage 1888440 workmens collective 232065 total 1125 483 72 28 Salaries fees and all other compensation of officers directors trustees and home office employees 402 680 96 29 Salaries traveling and all other expenses of agents not paid by commissions 695 470 81 30 Medical examiners fees and salaries 2 119 05 31 Inspections other than medical and claim 24 364 86 32 Rents including 3500000 for companys occupancy of its own buildings 114 952 86 33 Repairs and expenses other than taxes on real estate 20657 43 34 Taxes on real estate 1 162 20ComptrollerGenerals Report 1123 35 36 37 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 State taxes on premiums 87081 06 Insurance department licenses and fees 22390 93 All other licenses fees and taxes Federal corporation tax 609 51 State city and county tax on capital stock 27898 56 Taxes on personal property 166 96 Municipal licenses 3803 17 Legal expenses 45043 74 Advertising 66864 28 Printing and stationery 73470 87 Postage telegraph telephone and express 102043 77 Furniture and fixtures 25361 19 Stockholders for interest or dividends amount declared during the year 200000 00 Other disbursements Dept of guaranteed atty net 3992 63 Interest 830 96 Home office traveling expenses 9726 40 Associations and bureaus 4239 42 General miscellaneous expense 23139 42 Agents balances charged off 10136 67 Gross loss on sale or maturity of ledger assets viz Real estate 1250 00 Bonds 511 45 Stocks 2750 00 Gross decrease by adjustment in book value of ledger assets viz Stocks 2459 15 Total disbursements 5059069 67 IVLedger Assets Book value of real estate 681392 87 Mortgage loans on real estate 3500 00 Loans secured by pledge of bonds stocks or other col laterals 40249 00 Book value of bonds 440580198 and stocks 548 14725 total 4953949 23 Cash in companys office 1988 60 Deposits in trust companies and bunks not on interest 141036 73 Deposits in trust companies and banks on interest 660694 59 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 19 55100 health 1308992 liability 23872833 fidelity and surety 512 89432 plate glass 1941646 steam boiler 454838 burglary and theft 4154109 fly wheel 19051 auto property damage 1208324 workmens collective 846422 total 870507 561124 ComptrollerGenerals Report On policies or renewals issued prior to October 1 1912 Accident 263104 health 35970 liability 3405415 fidelity and surety 9260166 plate glass 106056 steam boiler 23450 burglary and theft 140714 auto prop erty damage 318824 total 135536 99 24 Total 1006044 55 26 Other ledger assets viz 27 Due by U S Government under contract 6 276 99 28 Accounts with suspended banks 70 324 84 Advance secured 4g 440 7g 29 Due for subscriptions dept guar atty 57 238 42 Workmens compensation reins and inspection bureau 1425 74 30 Ledger assets 7672168 31 NonLedger Assets 31 Interest due on mortgages 77 08 32 Interest due 2982950 and accrued 28 46683 on bonds 58296 33 33 Interest due on collateral loans 119 04 34 Interest due on other assets 350 00 37 Rents due and accrued 174 67 Total 55017 12 43 Gross assets 7j731185 43 Deduct Assets Not Admitted 49 Premiums in course of collection written prior to Oct 1 1912 135536 99 51 Book value of ledger assets over market value viz Guaranteed attorney sub scriptions written prior to Oct 1 1912 6286 60 55 Bonds and stocks 249 711 73 Total 391535 32 56 Admitted assets 7339650 11 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 2007200 health 497000 fidelity ana surety 43928073 plate glass 183163 steam boiler mJMM aK I ComptrollebGenebal s Report 1125 85000 burglary and theft 1145665 auto prop erty damage 917900 workmens collective 6 00600 total 3 Losses and claims resisted Fidelity and surety 449 16208 burglary and theft 89900 auto property damage 110700 total 4 Total losses and claims Accident 2007200 health 497000 fidelity and surety 88844281 plate glass 183163 steam boiler 85000 burglary and theft 1235565 auto property damage 1028600 work mens collective 600600 total 6 Net unpaid claims except liability claims Accident20 07200 health 497000 fidelity and surety 888 44281 plate glass 183163 steam boiler 85000 burglary and theft 1235565 auto property damage 1028600 workmens collective 600600 total 7 Estimated expenses of investigation and adjustment of unpaid claims Fidelity and surety 493646 01 45116808 944814 09 944814 09 50000 00 8 Total losses and claims Accident 2007200 health 4 97000 fidelity and smety 93844281 plate glass 83163 steam boiler 85000 burglary and theft 1235565 auto property damage 1028600 work mens collective 600600 total 17 Special reserve for unpaid liability losses 944814 09 105188 00 20 Total unpaid claims and expenses of settlement 1100002 09 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 4844 29267 unearned premiums fifty per cent 2441996 43 21 New York excise 6070989 seventyfive per cent 45532 42 22 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 501 03385 unearned premiums pro rata 234368 49 23 Total unearned premiums as shown by recapitulation 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 639321 health 409714 liability 4822312 fidelity and surety 10822070 plate glass 582494 steam boiler 90968 burglary and theft 1052978 fly wheel 2721897 341126 ComptrollerGenerals Report 3810 auto property damage 217478 workmens collective 143892 total 187850 37 29 Salaries rents expenses bills accounts fees etc due or accrued 10000 00 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 92840 41 34 Return premiums 10523 81 35 Reinsurance 27067 43 38 Munich Reinsurance Co Reserve acct 24091 65 46 Total amount of all liabilities except capital 4174273 10 47 Capital actually paid up in cash 2000000 00 48 Surplus over all liabilities 1165377 01 49 Surplus as regards policyholders 3165377 01 50 Total liabilities 7339650 11 Business in The State of Georgia During The fear Gross premiums less return premiums on risks written or renewed during the year Accident 991401 health 529040 liability 3085911 fidelity and surety 54 75879 plate glass 329813 burglary and theft 409037 automobile property damage 385791 workmens collective 15000 total 112218 72 Gross losses paid Accident 359636 health 335136 liability 1060032 fidelity and surety 348465 plate glass 53745 burglary and theft 145650 automobile property damage 131176 workmens col lective 6992 total 17 439 02 UNITED STATES HEALTH AND ACCIDENT INSURANCE COMPANY OF SAGINAW MICHIGAN J B Pitcher President 1 M Pitcher Secretary 130 North Washington Ave Saginaw Mich G A Lean Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assels as per balance December 31 of previous year 945569 97 Extended at 945569 97wM tj COMPTROLLERGENERAL S EEPORT 1127 IIIncome 1 Gross premiums written and renewed during the year Accident 70729259 health 43165524 total 2 Deduct reinsurance Accident 261729 health 36402 total 2981 31 3 Deduct return premiums on policies can celled Accident 270520 health 2 12552 total 4830 72 4 Deduct premiums on policies not taken Accident 5944958 health 4671039 total 106159 97 1138947 83 5 Total deductions Accident 6477207 health 4919993 113972 00 6 Net premiums Accident 64252052 health 38245531 total 20 Policy fees required or represented by applications 22 Gross interest on mortgage loans 23 Gross interest on collateral loans 24 Gross interest on bonds and dividends on stocks less 184020 accrued interest on bonds acquired during 1912 25 Gross interest on deposits in trust com panies and banks 1674 68 1024475 83 109297 00 570 83 300 00 37324 27 30 Total gross interest and rents 32 Pees for charging and issuing policies 36 From agents balances previously charged off 37 Gross profit on sale or maturity of ledger assets viz Bonds 38 Gross increase by adjustment in book value of ledger assets viz Bonds 39869 78 129 86 353 37 7357 93 270 00 39 Total income 1182253 77 IIIDisbursements 1 Gross amount paid for losses Accident 29073750 health 17846459 total 469202 09 6 Net amount paid policyholders for losses Accident 290737511 health 1 784fi459tofal 469202 09 17 Investigation and adjustment of claims viz Accident 207047 health 162679 total 3697 26 22 Policy tees retained by agents 109297 001128 ComptrollerGenerals Report 23 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 14285220 health 11224102 total 255093 22 28 Salaries fees and all other compensation of officers directors trustees and home office employees 95706 49 29 Salaries traveling and all other expenses of agents not paid by commissions 57 460 45 30 Medical examiners fees and salaries 2728 97 31 Inspection other than medical and claim 420 75 32 Rents 22754 48 33 Repairs and expenses other than taxes on real estate leased for home office 549 70 35 State taxes on premiums 17668 43 36 Insurance department licenses and fees 5 825 30 37 All other licenses fees and taxes Federal corporation tax 389 49 39 Municipal licenses and taxes 920 86 40 Insurance dept examiners services and expenses 46 04 42 Legal expenses 728 19 43 Advertising 495 35 44 Printing and stationery 9 237 28 45 Postage telegraph telephone and express 12 738 75 46 Furniture and fixtures 3 361 92 47 Stockholders for interest or dividends amount declared during the year 36000 00 49 Premium on fidelity bonds of agents collection and em ployees 2250 49 50 Subscriptions to nsurance Periodicals agencies and associations 1 565 11 51 Janitor 15512 supplies repairs and insurance on fur niture and fixtures 73662 total 891 71 52 Office supplies for home office 945 3 53 Agents balances charged off 1 222 07 54 Gross loss on sale or maturity of ledger assets viz Bonds 273 02 55 Gross decrease by adjustment in book value of ledger assets viz Stocks 7402 07 56 Total disbursements 1123 383 05 IVLedger Assets 4 Book value of bonds 739 703 4 5 1 ash in companys office 8 05 18 6 Deposits in trusl companies and banks not on interest 40 151 19 7 Deposits in trust companies and banks on interest 82 990 58 ComptrolleeGenerals Report 1129 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1912 Accident 51 49023 health 3982803 total 90518 26 24 Total 90518 26 30 Ledger assets 1004440 69 NonLfdger Assets 32 Interest accrued on bonds 14806 64 39 Market value of bonds and stocks over book value 7738 71 43 Gross assets 1026986 04 VLiabilities 1 Losses and claims Adjusted Accident 2324 25 2 Losses and claims reported or in process of adjustment Accident 3985087 health 3807800 total 77928 87 3 Losses and claims resisted Accident 550000 health 45000 total 5950 00 4 Total losses and claims Accident 4767512 health 3852800 total 86203 12 5 Deduct reinsurance Accident 31179 health 893 320 72 6 Net unpaid claims except liability claims Accident 47363 33 health 3851907 total 85882 40 7 Estimated expenses of investigation and adjustment of unpaid claims Accident 162000 health 12500 1745 00 8 Total Losses and claims Accident 4898333 health 38644 07 total 87627 40 20 Total unpaid claims and expenses of settlement 87627 40 21 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 20795601 unearned premiums fifty per cent 103978 00 23 Total unearned premiums as shown by recapitulation 103978 00 24 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1912 viz Accident 1953385 health 1534802 total 34881 87 29 Salaries rents expenses bills accounts fees etc due or accrued 4716 621130 ComptrollerGenerals Eeport 30 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20431 70 35 Reinsurance 275 64 36 Advance premiums one hundred per cent 30075 83 46 Total amount of all liabilities except capital 281986 04 47 Capital actually paid up in cash 300000 00 48 Surplus over all liabilities 445000 00 49 Surplus as regards policyholders 745000 00 50 Total liabilities 026986 04TABLE No 1 Showing business done by Fire Insurance Companies in State of Georgia for the Year Ending April 30 1913 theTABLE No 1 Showing Business Done by Fire Insurance Companies in the State of Georgia for the Year Ending April 30 1913 NAME OF COMPANY STATE Achen MunichFire Aetna Agricultural Alliance American Central American Union American American Druggists American Home Atlantic National Atlanta Home Atlas Augusta Boston British America Calledonian Camden Citizens Citizens City of N Y Columbia Commercial Commercial Union Commonwealth Concordia Connecticut Continental Dixie Germany Connecticut New York Pennsylvania Missouri Pennsylvania New Jersey Ohio South Carolina Georgia Georgia England Georgia Massachusetts Canada Scotland New Jersey Maryland Missouri New York Georgia Dist of Columbia England New York Wisconsin Connecticut New York North Carolina Risks Written During Year Total Premiums 2896250 00 20812161 00 2152786 00 1327562 00 5681814 00 3409058 00 60600 00 810312 00 5303050 00 5061263 00 4057585 00 377 1473 1111 1281 1583 3882 1087 3370 398 26877 1309 371 00 163 00 983 00 560 00 042 00 005 00 752 00 873 00 472 00 378 00 355 00 35545 21 313557 34 24269 20574 96 88912 58 Losses Paid 2242179 00 13687964 00 44497 71 866 94 16600 60 91479 67 89636 34 59761 41 67731 38 6673 14 24540 93 17985 89 14509 83 22245 63 65041 46 21572 33 68634 25 39906 93 220361 41 11082 71 33856 91 177693 59 29490 97 22806 21 222861 27 9781 87 15575 00 47925 15 1812 13 6867 72 34854 61 71280 62 30608 60 42921 83 4800 76 12150 05 357 00 2667 80 68567 48 3107 87 45601 13 9389 67 28597 69 153254 04 196 03 Losses Unpaid 4590 48 91933 98 11987 68 1802 50 22805 00 133 04 543 93 1001 50 365 48 800 1766 03 8173 00 4900 00 11190 33 16 00 2151 43 82 31 1000 00 1972 45 2675 00 7115 32 1700 00 8939 56 677 09 6474 78 226 00 Fees 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 Tax 355 45 3135 57 242 70 205 75 889 12 444 98 8 67 166 00 91 48 448 18 597 61 67 73 66 73 245 40 179 86 145 10 222 45 650 41 215 72 68 63 399 07 2203 61 110 83 338 57 1776 94 294 91Druggists Indemnity Exeh Equit ablo Equitable Fidelity Phenix Fire Association of Phila Firemens Fund Firemens Firsl Natl Fitchburg Franklin Georgia Home Georgia German American German Alliance Germania Girard Glens Falls Globe Rutgers Great Southern Hamburg Bremen Hanover Hartford Home Ins Co of N A Ins Co of State of Pa Liv Lon Globe Liv Lon Globe London Assurance London Lancashire Lumber Lumber Mut ual Lumber Underwriters Lumbermans Mut Mass Fire Marine Mercant ile Mutual Milwaukee Mechanics Missouri Rhode Island South Carolina New York Pennsylvania California New Jersey Dist of Columbia Massachusetts Pennsylvania Georgia Georgia New York Xew York New York Pennsylvania New York Xew York Kentucky Germany Xew York Connecticut Xew York Pennsylvania Pennsylvania England Xew York England England New York Massachusetts New York Ohio Massachusetts Rhode Island Wisconsin 732 1709 4531 5657 6549 990 31 88 1190 4568 9557 10307 2428 4640 2970 4069 2840 995 00 569 97 728 00 296 00 692 00 977 00 759 00 450 00 269 33 984 00 520 00 436 00 265 00 656 00 892 06 419 00 342 00 11672 38 33235 16 68310 27 91143 68 121084 93 23041 26 3191 29 2149 98 19960 74 81423 39 195116 00 148 395 83 35472 28 72202 70 61935 05 61903 81 38096 61 2453 2432 23196 18897 28045 1586 16952 1044 1426 4363 372 259 258 254 1148 1034 2301 737 00 177 57 694 00 603 00 281 00 020 00 345 00 121 00 412 00 079 00 678 00 380 00 540 00 125 00 030 00 906 00 277 00 34943 67 36530 24 404216 33 253058 08 251552 39 21327 69 259075 32 15278 32 18646 87 53837 05 6904 45 9254 50 6598 37 6639 67 18742 75 6920 11 36303 46 4710 72 26 974 38 23664 71 48542 14 62462 62 4878 65 776 82 5470 40 44373 51 49681 78 90226 83 19042 06 31660 16 20998 38 43038 46 10634 02 18216 42 22909 01 245500 28 169 254 68 221642 00 24602 25 149281 23 607 25 14869 23 20998 29 34 46 1924 33 4205 00 1444 11 4207 21 207 44 10490 35 2452 56 4427 38 2658 87 10279 05 8139 1517 41 1125 00 5550 52 3304 25 13676 37 992 00 9291 46 1050 00 13270 29 1105 00 1075 00 992 19 20574 13 25304 00 2109 84 2700 00 26 204 00 5 00 2059 00 1719 00 334 46 1332 00 1629 26 22 03 200 00 200 00 200 00 200 00 200 00 200 00 400 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 1 64 116 72 332 35 1040 48 911 43 1210 85 230 41 31 91 21 50 199 61 407 11 195 11 1483 96 357 42 722 03 619 35 619 04 380 97 349 41 365 30 4042 16 2530 58 2515 52 213 28 2590 75 152 78 186 47 538 37 69 04 92 55 65 98 66 40 187 43 69 20 363 03 I1S8 of this reported to Treasurer as feesTABLE No 1Continued Showing Business Done by Fire Insurance Companies in the State of Georgia for the Year Ending April 30 1913 NAME OF COMPANY NationalFire Nationale NationalUnion Newark New Brunswick New Hampshire Niagara Norwich Union Nord Deutsche North River North British Mercle Northern Assurance Northern Orient Pacific Palatine Pennsylvania Penn Lumbermans Pennsylvania Millers Peoples National Phoenix Phoenix Providence Washington Queen of America Rhode Island Royal Exchange Royal Savannah STATE Risks Writ t en During Year Total Premiums Losses Paid Connecticut France Pennsylvania New Jersey New Jersey New Hampshire New York England Germany New York England England New York Connecticut New York England Pennsylvania Pennsylvania Pennsylvania Pennsylvania Connecticut France Rhode Island New York Rhode Island England England Georgia 11945003 00 100043 19 57904 36 3446300 00 424525 00 1601282 00 3620778 00J 2077349 00 2270162 00 49971 37 6715 91 24019 24 45761 41 35975 15 27246 93 1899981 00 7883920 00 4067601 00 32094 55 80 00 7740 49 24262 78 26408 38 13710 97 Losses Unpaid 2333106 08 29711 43 76680 58 59292 00 5574 96 17094 14 30651 08 27241 08 12165 45 3852557 16 4247591 00 269050 00 32050 00 1437100 00 7046933 00 4659793 00 7849323 00 63637 01 79302 47 4596 62 1106 61 21556 50 86770 56 47993 76 141044 96 30717 53 36298 92 687 17 377 01 4104 10 41077 11 16274 36 77709 67 2681736 00 8807449 001 1460803 00 40909 16 120320 51 19258 30i 26611 71 68036 41 3898 10 12227 16 70 41 1200 00 3175 52 657 61 Fees 3215 50 5020 00 1431 00 2059 00 325 50 488 20 70 00 15 00 4397 14 11963 46 7745 00 7318 14 11512 42 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 Tax 1060 43 499 71 67 16 240 19 457 61 359 75 272 47 297 11 766 81 592 92 272 41 636 37 793 02 45 97 11 06 215 56 867 70 479 94 1410 45 569 22 1203 21 19 26Scottish Union Natl Security Southern Mutual Southern States Springfield Standard St Paul Svea Sun Ins Office United Firemen US Fire Union Virginia State WCstern Atlantic WCstern Assurance West Chester Williamsburgh City Yorkshire Scotland Connecticut Georgia Alabama Massachusct t s Connecticut Minnesota Sweden England Pennsylvania New York France Virginia Tennessee Canada New York New York England Total 3 2 11 3 407852 00 486409 00 320725 00j 847125 00 698835 00 824496 00 550146 00 956875 00 516127 00 838554 00 591900 00 43442 861 44682 931 378489 76j 19162 00 85714 85 6131 30 80156 05 9581 19 49943 48 12578 31 8467 92 859511 00 113584 00 580 70S 00 880160 00 023688 00 16486 10 1758 65 35459 13 41974 09 34029 00 25396 44 34372 28 68863 32 14849 65 52043 39 456 16 45878 49 3781 05 23946 47 1104 30 1816 94 438777513 25 6098817 18 12129 94 1217 10 15917 92 19031 50 21570 14 3217920 13 2019 87 1158 00 2470 01 7544 78 589 16 365 00 327 86 4187 31 2500 00 1125 00 2008 00 2558 20 1101 62 343336 88 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 200 00 434 43 446 83 378 48 191 62 857 15 61 31 801 56 95 81 499 43 125 78 84 68 164 86 17 58 354 59 419 74 340 29 22200 00 53264 11TABLE No 2 Showing business done by Old Line Life Insurance Companies in the State of Georgia for the Year Ending April 30 1913TABLE No 2 Showing Business Done by Old Lino Life Insurance Companies in the State of Georgia for the Year Ending April 30 1913 NAME OF COMPANY i Old Business of STATE Risks Written Previous Years During Year in Force AetnaLife Afro American American National Amicable American Central Bankers Reserve Cherokee Cosmopolitan Com Life Casualty Citizens National Columbian National Columbia Connecticut Mut Equitable Empire Fidelity Mutual Franklin Germania Georgia Greensboro Home Illinois Indiana National International Intersouthern Jefferson Standard Life Ins Co of Vu Manhattan Maryland Connecticut Alabama Texas Texas Indiana Nebraska Georgia Georgia Georgia Kentucky Massachusetts Ohio Connecticut New York Georgia Pennsylvania Illinois New York Georgia North Carolina New York Illinois Indiana Missouri Kentucky North Carolina Virginia New York Maryland 1287335 00 473000 00 17000 00 3677 45 79500 00 7511197 00 899000 00 20012 93 32000 00 897754 00 1392500 00 1458654 00 14000 00 588500 00 1082566 00 2530400 00 760311 00 402816 00 220000 00 741784 00 1688050 001 1136510 00 15000 00 1485000 00 13206647 00 12590935 00 3235780 00 2636023 00 1153379 00 Total Premiums 235075 78 56294 84 361 93 695 98 3528 50 Losses Paid 169930 12 172000 00 316038 00 886500 00 223000 00 199000 00 717000 00 659300 00 2857100 00 240500 00 2611432 00 483150 00 1508922 00 1982500 00 25000 00 1153906 00 94500 00 3257799 00 3876223 00 2661734 00 782379 00 53909 57 66905 45 76062 65 1474 40 78535 37 472706 09 546587 37 147585 36 83822 27 43724 49 59272 21 8807 27 55256 74 89777 34 6531 60 40656 78 15655 56 109075 03 216517 95 82257 07 41731 51 15385 26 3000 5000 18000 395 36867 297791 82000 25468 7191 22399 11820 3000 25635 27789 Losses Unpaid 25200 00 1000 00 5000 00 17410 00 1000 00 31222 22 53549 96 52540 95 9585 00 10000 00 31090 00 26000 00 2500 00 3244 50 985 19 18500 00 502 76 3500 00 42 85 Fees 271 00 40 00 862 00 226 00 40 00 49 00 460 00 103 00 109 00 61 00 100 00 85 00 100 00 235 00 307 00 124 00 91 00 94 00 151 00 91 00 61 00 40 00 70 00 67 00 121 00 265 00 106 00 97 00 Tax 2350 76 1 562 95 3 62 6 96 35 28 110 77 53 91 669 05 879 03 14 75 785 35 4727 06 546 59 1475 85 838 22 510 66 59 27 88 07 581 03 897 77 65 32 406 57 156 56 1090 75 2165 18 822 57 417 32 Massachusetts Mut Meridian Metropolitan Michigan Mut Missouri State Mutual Benefit Mutual National Life Accident National USA National New England Mut New York North American Northwestern Mut Pacific Mutual PanAmerican Penn Mutual Phoenix Mut Pittsburg Life Trust Provident Life Accident Prudential Reliance Reserve Loan Security Security Mut Standard State Mutual State State Mutual Southern National Southern States Southern StatesMut Southern Travelers Union Central U S Annuity U S Health Life Volunteer State Massachusetts Indiana New York Michigan Missouri New Jersey New York Tennesseej Illinois Vermont Massachusetts New York Illinois Wisconsin California Louisiana Pennsylvania Connecticut Pennsylvania Tennessee New Jersey Pennsylvania Indiana North Carolina New York Georgia Georgia Indiana Massachusetts Kentucky Alabama West Virginia Tennessee Connecticut Ohio Illinois Georgia Tennessee Total 149550 00 266206 00 825174 00 295059 75 56500 00 470145 OO 722513 40 579979 00 982550 00 226348 00 573078 00 3 242500 00 191640 00 365302 00 438045 00 384000 00 665497 00 131560 00 909290 00 572000 001 514000 00 159080 00 121500 00 9062312 00 1703389 00 26584964 00 1585399 66 1996748 00 14442307 68 25833339 80 1611030 56 5825999 86 4525002 00 23600582 00 21346639 00 1785145 00 24433782 00 2510000 00 823733 00 12288792 00 1551531 00 620000 00 1512426 00 1938827 92 356237 20 69349 40j 011374 59 52971 48 28138 56 550629 53 978908 48 31918 95 68774 28 199777 69 152670 84 858588 20 107229 9500 318244 18660 7000 280272 505258 9280 35000 39000 40114 392493 765498 00 546696 00 399290 00 362500 00 871909 00 127000 00 113905 00 185235 00 615050 00 450280 00 7947306 00 6203641 00 1528550 00 66500 00 7317963 00 326640 00 4645274 00 12873002 00 148807 00 600195 00 527987 38 69877 60 7627 10 941716 52 90461 08 37506 08 5454 40 412291 43 75001 19 40177 54 22652 89 70384 66 300587 00 9577 00 2060 66 8243 00 1400 16000 00 14111 00 4000 00 20144 00 8724 30 2788 00 2100 00 312512 50 46915 00 77310 54 32341 80 2340 00 114422 84 14000 00 24804 62 3000 00 2000 00 26835 90 1554886 00 283778 72 156673 87 64949 10 12492 34 309766 87 12931 97 2542 29 141156 46 432077 52 14781 58 48513 95 68881 97 2996 43 64970509 00290371952 0010801841 924037640 991301601 03 109300 00 39104 31 4000 00 1850 00 34000 00 3000 00 139278 99 78051 69 5000 00 11000 00 5000 00 2000 00 1000 00 7000 00 19721 84 24568 00 1000 00 94 00 79 00 592 00 115 00 157 00 397 00 175 00 151 00 244 00 241 00 100 00 349 00 43 00 238 00 130 00 58 00 976 00 79 00 40 00 55 00 199 00 83 00 73 00 3562 37 693 66 10113 75 529 71 281 39 5506 30 9789 08 319 19 687 74 1997 78 1788 33 8585 88 106 00 64 00 124 00 82 00 64 00 52 00 148 00 49 00 43 00 316 00 124 00 163 00 136 00 85 00 15637 35 698 78 76 27 9417 17 904 61 375 06 54 56 4122 91 750 01 401 78 226 53 703 85 1418 89 1566 74 649 49 124 92 1548 83 129 32 25 42 1413 91 4320 78 147 82 48 51 688 81 10650 00110629 32TABLE No 3 Showing business done by Assessment Life Health Accident and Fire Insurance Companies in the State of Georgia for the Year Ending April 30 1913TABLE No 3 Showing Business Done by Assessment Life Health Accident Fire Insurance Companies in the State of Georgia for the Year Ending April 30 1913 NAME OF COMPANY STATE Risks Written During the Year Old Business of Previous Total Years in j Premiums Force Losses Paid Losses Unpaid Fees Tax American Life Annuity Life American Atlanta Mutual Bankers Health Life Continental Aid Assn Farmers CoOp Jackson Fire Farmers CoOp Rome Farmers Mutual Dawson Farmers Mut Ins Assn Farmers Protec Lithonia Free States Danielsville German Mutual Georgia Mut IndustrialLife GlobeFire Gordon County Mut Guaranty Mut LifeLife Home Priendly Society Industrial Life Health Merchants Mut Benefit Industrial National Life Assn N C Mut Provt Assn Pilgrims Life Health Southern StatesFire South Ga Farmers Sunlight Union Mut AssnLife Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Georgia Maryland Georgia Iowa Georgia Iowa North Carolina Georgia Georgia Georgia Georgia Georgia 702917 00 21065 64 813746 00 639289 45 593502 00 83710 00 289505 36 135500 00 198630 00 43085 00 1218545 00 492328 00 5850 00 502980 00 823536 00 34000 00 7032 60 108000 00 901313 00 880700 00 62050 00 43150 00 950500 00 503524 00 54049 46 107507 68 178487 25 105404 80 2967 51 25121 30 48502 56 69314 60 48290 13 18392 67 54702 00 1542 50 2898 80 375 06 8778 50 1864 83 1854 75 13952 23 112692 60 52256 05 110458 50 8282 00 64680 85 7699 34 29984 16 118000 00 166892 00 226620 00 174523 00 405500 40 1273 23 125358 40 1175 33 41645 31 223 700 00 990 00 215 75 23123 70 192275 30 176132 05 51195 25 1000 00 18784 65 100544 55 250 00 1295 00 2581 65 87563 30 813 58 375 00 81 88 517 00 37 50 5oo66 67 00 103 00 238 00 289 00 133 00 40 00 25 oo 25 00 25 00 25 00 25 00 25 00 244 00 40 00 25 00 175 00 70 00 433 00 58 00 190 00 82 00 166 00 169 00 25 00 25 00 25 00 361 00 54 05 107 50 178 48 105 40 29 67 22 49 15 42 28 98 3 75 69 76 112 69 82 82 64 68 405 50 12 73 125 36 11 75 416 45 223 70 9 90 2 16 23 12 192 27 Total 9681243 69 1224210 861668098 16 751487 22 2243 08 3108 00 2298 63TABLE No 4 Showing business done by Miscellaneous Insurance Companies in the State of Georgia for the Year Ending April 30 1913TABLE No 4 Showing Business Done by Miscellaneous Insurance Companies in the State of Georgia for the Year Ending April 30 1913 NAME OF COMPANY STATE Aetna Life AccidentCo Aetna Accident Liabty Ala Fidelity Casualty American Bonding Co American Casualty Co American Credit Indemty American Life Accident American Surety Atlantic Horse Ins Columbia Ins Continental Casualty Employers Indemnity Employers LiabilityCorp Equitable Casualty Co Equitable Surety federal Casualty Fidelity Casualty Fidelity Deposit Frankfort General General Accident Ga Life Accdt Dept Globe Indemnity Great Eastern Casualty Guarantee Co of N A Hartford Steam Boiler Illinois Surety Interstate Casualty Connecticut Connecticut Alabama Maryland Pennsylvania New York Missouri New York Rhode Island New Jersey Indiana Pennsylvania England iGeorgia Missouri jMiehigan New York Maryland Germany Scotland Georgia New York New York Canada Connecticut Illinois Alabama Risks Written During Year 8126250 00 Old Business of Previous Years in Force Premiums 840810 00 52000 00 111010 00 12945657 00 8082 50 550356 00 941283 00 630612 00 436585 00 121500 00 3649 50 183900 00 22092823 37 6123873 49 342475 00 2228742 00 56050 00 685123 00 35100 00 5746779 00 6708969 00 17000 00 93665 97 78098 61 38584 28 11020 67 21473 69 12833 95 10734 17 3934 79 30667 38 678 95 11780 08 55369 60 13217 80 19497 73 33591 84 1589 39 5971 92 102353 94 46345 87 3087 20 55490 92 101203 51 1579 21 11120 53 55 00 21707 06 722 89 22606 99 Losses Paid 25015 68 5543 77 695 81 8036 66 5660 05 2150 15 4993 95 9389 25674 4333 26324 18190 8 5652 43582 50088 1114 41056 48186 293 6284 7731 14 5724 84 Losses Unpaid 14018 57 3903 60 2500 00 10083 72 50 00 5315 00 2447 50 140 00 2744225 9658 00 5000 00 150 00 155 00 1150 00 435 23 Fees See Life 61 00 121 00 199 00 91 00 43 00 85 00 382 00 40 00 73 00 364 00 43 00 67 00 115 00 79 00 79 00 211 00 235 00 49 00 205 00 See Life 46 00 145 00 Out 193 00 Out 58 00 Tax 780 99 385 84 110 21 214 73 128 34 107 34 39 35 306 68 6 79 117 80 553 70 132 18 194 98 33 59 15 89 59 72 1023 54 463 46 30 87 554 91 101 20 15 79 111 21 55 217 07 7 23 226 07Interstate Life Accidt Lloyds Plate Glass London Guarantee Acct London Lancashire Guatee Loyal Protective Maryland Casualty Massachusetts Bonding Masonic Mut Accident Masonic Protective Assn Metropolitan Casualty National Casualty Nat Life USAAcctDept National Surety New York Plate Glass New England Casualty North America Accident Ocean Accident Pacific Coast Casualty Pacific MutLife Acct Dept Phoenix Assurance Preferred Accident Royal Casualty Poyal Indemnity Ridgely Protective Standard Accident Title Guarantee Surety Thames Mersey Traverlers Indemnity Travelers Accident Dept Union Marine U S Casualty U S Fidelity Guaranty U S Health Accident United States Lloyds 1278787 00 3842275 00 16150 00 659324 00 270600 00 145200 00 8919647 00 Tennessee New York England England Massachusetts Maryland 3417319 00 Massachusetts 2477068 00 Massachusetts Massachusetts New York Michigan Illinois New York New York New York Illinois England California California England New York Missouri New York Massachusetts Michigan Pennsylvania England Connecticut Connecticut England New York Maryland Michigan 526575 00 New York 5438077 00 2482700 00 899365 00 16125000 00 4690965 00 717800 00 448450 00 33050 00 9521672 00 744420 30 34700 00 248300 00 1298000 00 2517227 00 1729000 00 72600 00 1894954 00 2946906 00 243000 00 4410 000 00 418925 00 29937000 00 L930 195 00 19030 78 1324 42 27880 22 11927 71 309 77 15900 93 1661 00 131341 38 25895 57 4197 50 13799 00 8999 75 6671 12 19717 58 26879 81 2831 04 1225 50 58626 54 9730 61 1473 SO 9766 51 6577 11 3322 47 9375 14 9507 46 1000 57 168000 00 3790 000 00 TotalIil47446011 36 35902485 771701928 02 18965 24 50451 94 171 21 43505 84 48336 89 10229 34 8461 62 46633 07 11458 00 42271 36 14027 73 14047 72 15767 30 156023 48 9121 05 57973 23 121108 48 9120 36 18706 62 7757 68 30659 90 19432 21571 2235 2958 17891 6847 21435 228 10971 2759 70100 15930 27037 21787 4359 77227 18 00 157 06 26713 08 4689 87 6 00 1552 66 671 77i 247 50 1528 00 17247 62 173 23 2790 27 19485 00 227 00 1397 16 1140 89 15195 27 5225 00 4060 00 91 75 2620 00 12090 82 273 74 1330 00 127 00 70 00 82 00 40 00 67 00 259 00 94 00 55 00 64 00 103 00 70 00 See Life 295 00 43 00 43 00 295 00 103 00 76 00 See Life 40 00 58 00 112 00 184 00 61 00 262 00 79 00 43 00 106 00 See Life 79 00 106 00 436 00 133 00 64 00 845667 17201374 56 6633 00 15807 63 190 30 13 24 278 80 16 61 1313 41 258 96 41 98 137 99 90 00 66 71 197 18 268 80 28 31 189 65 504 52 2 86 435 06 483 37 102 29 84 62 466 33 114 58 422 71 140 28 140 48 157 07 1560 23 91 21 579 73 1211 08 91 20 187 07TABLE No 5 Showing Condition of Fraternal Orders in the State of Georgia for the Year Ending December 31 1912 TABLE No 5 Showing Condition of Fraternal Orders for the Year Ending December 31 1912 NAME OF ORDER STATE ASSETS LIABILITES INCOME EXPENDITURES FEES Denver Col 20366 57 1754222 24 1130833 72 6541 95 550852 80 392 70 766 60 317947 55 25105 63 673 00 57832 50 34146 65 3266913 64 6771572 08 17624 76 968564 70 3267 40 15940 08 1581589 38 631778 40 11980 77 417152 29 2546 35 40 00 Indianapolis Ind St Louis Mo Washington D C Atlanta Ga Atlanta Ga 40 00 Catholic Knights of America 40 00 40 00 Eminent Household Columbian Woodmen Farmers Mut Life Protective Assn 40 00 40 00 40 00 Philadelphia Pa Denver Col Boston Mass Roxbury N Y Philadelphia Pa Baltimore Md Athens Ga Pittsburgh Pa Covington Ga New Haven Conn St Louis Mo Detroit Mich 463506 68 362872 62 43719 28 939404 95 434815 46 887700 24 7684 23 85171 16 2720 66 4094925 52 599283 42 11704608 12 96998 21 88512 95 17033 98 115236 26 87493 90 352132 43 2559 15 84534 49 3588 00 102867 75 025128 26 969918 37 941591 00 919779 66 140861 20 2093228 18 492476 87 2472354 12 27076 53 190568 90 3223 41 5223060 52 1738996 64 16008361 83 544100 34 633523 58 96847 34 1132208 11 231408 09 1670884 44 21892 30 123063 87 4420 55 926409 67 263249 12 4742300 76 40 00 Fraternal Union of America 40 00 40 00 40 00 40 00 40 00 40 00 40 00 40 00 40 00 40 00 Knights of Maccabees of the World 40 00 40 00 Indianapolis Ind Port Huron Mich Atlanta Ga Washington D C Mason City IowaRock Island 111 Dallas Texas 5165303 47 6559251 13 586124 77 349917 48 1287269 04 13228817 36 1102905 75 4200795 58 135172 92 80117 20 329902 00 250884 75 1502397 82 223714 71 6980184 22 7596635 26 738069 47 400037 00 2701503 59 26244650 69 1127643 42 1962321 47 1249899 91 151944 70 95002 54 1617773 65 14166879 81 327301 73 40 00 40 00 40 00 Masonic Mut Life Assn Mordern Brotherhood of America 40 00 40 00 40 00 Modern Order of Praetorians 40 00 National Union Toledo Ohio 2556229 64 237627 63 4743465 51 2510082 53 40 00 Railway Mail Assn Royal Benefit Society 40 00 Washington D C Charlotte N C Boston Mass Rock Island 111 Birmingham Ala Knoxville Tenn Columbus Ohio Atlanta Ga Omaha Neb Omaha Neb 54571 23 6298 95 7249694 14 1538836 82 15647 33 200663 65 704058 28 67304 30 2853988 59 18109700 80 74251 19 196901 40 761 00 16122 23 714040 251 15191285 15 279566 67 2844840 26 148349 88 11826 34 8375831 78 1455262 54 25191 13 470482 24 741713 01 18531 59 824359 34 1750408 08 40 00 40 00 Royal Arcanum 40 00 Royal Neighbors of America 40 00 Southern Woodmen 599 74 45167 21 30601210 102 50 40838 46 638931 61 1415561 24 84700 37 40 00 United Order of the Golden Cross 40 00 40 00 Union Grand Lodge F A M 40 00 Woodmens Circle Supreme Forest 116675 86 3532597 67 1490643 00 24938153 57 40 00 40 00 Total 84726205 05 12936761 16 140745789 21 48966284 05 1560 00 TABLE No 6 Comparative Tables showing business done by Insurance Companies in the State of Georgia for the Years 1906 to 1913 inclusive1900 190C 1906 1906 1906 1907 1907 1907 1907 1907 1908 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 TABLE No 6 Comparative Tables Showing Business Done by Insurance Companies in the State of Georgia for the Years 1906 to 1913 inclusive 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 Fire Life Assessment Life Accident and Fire Accident Casualty and Surety Fire Life Assessment Companies Accident Casualty and Surety Fire Old Line Life Assessment Life Accident Casualty and Surety Amount Insurance in Force 334459580 65 238257061 62 9281409 70 94454929 27 343282 318350 12728 106869 398735 609499 26249 120670 415974 320936 17800 163242 602 73 105 64 138 75 199 07 304 29 315 20 809 41 025 78 670 55 201 10 980 50 507 88 Premiums 4281305 95 7337848 96 684149 72 666665 49 4477407 90 7908817 60 797547 52 745360 59 4651734 69 8168084 90 778160 07 811598 50 Losses 1659543 25 2665295 69 262025 46 253657 89 2378900 48 2823055 00 32094 57 276193 55 2059941 52 2966297 96 342838 14 351558 73 4763438 20 8439856 53 916536 78 889676 30 5348056 40 8703437 12 1210107 20 1024291 26 5505043 26 9965386 90 1392946 05 1107860 88 3165058 46 3302705 44 385864 03 396396 41 2524704 85 3071620 86 650344 19 441788 09 2728535 51 3822902 06 534753 59 534200 55 Fees 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 17252 44 5102 20 1959 00 3490 20 297391 27 206479 83 11500 00 183797 96 441394 58 164778 56 1485 89 125855 27 Taxes 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 44632 92 84398 60 9214 00 8884 14 14985 00 5593 80 4152 60 4612 80 16176 85 6012 55 2846 80 5054 20 48628 48 84075 59 4769 94 9953 47 50447 80 90458 32 3214 93 10918 101912 1912 1912 1912 1912 1913 1913 1913 1913 1913 Fire 426571996 12 344601245 93 21366093 55 127869126 86 6207400 49 10629824 88 1574739 37 1254898 06 3296195 19 3558097 72 704598 80 569747 71 546144 64 305412 08 26692 67 140610 29 17217 00 7525 60 3006 20 5168 40 53553 66 Life 96813 51 Assessment Life Accident 3131 16 Accident Casualty and Surety 11326 89 Fraternal Orders Fire Life 438777513 25 355342461 00 10905454 55 183348497 13 6098817 18 10801841 92 1668098 16 1701928 02 3217920 13 4037640 99 751487 22 845667 17 343336 88 301601 03 2243 08 201374 56 22200 00 10050 00 3108 00 6633 00 1560 00 53264 11 110249 29 Assessment Life Accident Fire 2298 63 Miscellaneous 15807 26 Fraternal INDEX A ETNA ACCIDENT AND LIABILITY CO CONNECTICUT Statement of 892 ETNA LIFE INSURANCE CO OF CONNECTICUT Statement of 477 ETNA INSURANCE CO CONNECTICUT Statement of AFROAMERICAN LIFE INSURANCE CO OF ALABAMA Statement of 484 AGRICULTURAL FIRE INSURANCE CO WATERTOWN N Y Statement of 10 ALABAMA FIDELITY CASUALTY CO MONTGOMERY ALA Statement of 897 ALLIANCE INSURANCE CO OF PENNSYLVANIA Statement of 4y AMERICAN BONDING CO OF BALTIMORE Statement of 9ul AMERICAN CASUALTY CO READING PA Statement of 906 AMERICAN CENTRAL INSURANCE CO OF ST LOUIS Statement of 49 AMERICAN REDIT INDEMNITY CO N Y Statement of 911 AMERICAN CENTRAL LIFE INS CO IND Statement of 494 AMERICAN LIFE AND ANNUITY CO OF GEORGIA ATLANTA Statement of 835 AMERICAN LIFE AND ACCIDENT 1XS CO Statement of 4861156 CoMPTROLLERG KNEKALS REPORT AMERICAN DRUGGISTS FIEE INS CO CINCINNATI OHIO Statement of fi AMERICAN HOME FIRE 1S CO GREENVILLE s C Statement of AMERICAN FIRE INS CO OF NEWARK N J Statement of AMERICAN INSURANCE CO OF SAVANNAH GA Statement of DDQ OG AMERICAN NATIONAL INSURANCE CO OF TEXAS Statement of m aml Mfl AMERICAN SURETY CO OF NEW YORK Statement of n i AMERICAN UNION EIRE INS CO OF PHILADELPHIA PA Statement of AMICABLE LIFE NSURANCE CO OF TEXAS Statement of jqo ATLANTA HOME FIRE INSURANCE CO OF ATLANTA GA Statement of i ATLANTIC HORSE NSURANCE CO RHODE ISLAND Statement of goo ATLANTA MUTUAL INS ASSOCIATION OF ATLANTA GA Statement of 030 ATLANTIC NATIONAL EIRE INS CO OF MACON GA Statement of j ATLAS ASSURANCE COMPANY LTD LONDON ENGLAND Statemenl of AUGUSTA EIRE NSURANCE 00AUGUSTA GA Statemeni of 53 B HANKERS HEALTH AND LIFE INS CO MACON GA Statement of BANKERS RESERVE LIFE CO OF OMAHA NEB si atement of 400ComptrollerGenerals Report 1157 boston fire ins co boston mass Statement of 57 BRITISH AMERICAN ASSURANCE CO TORONTO CANADA Statement of 62 C CAPITAL CITY FIRE INS CO ATLANTA Statement of 874 CALEDONIAN FIRE INSURANCE CO OF EDINBURGH Statement of 66 CAMDEN FIRE INS ASSOCIATION Statement of 71 CHEROKEE LIFE INSURANCE CO ROME GA Annual Statement of 504 CITIZENS FIRE INSURANCE CO BALTIMORE MD Statement of 75 CITIZENS INSURANCE CO OF MISSOURI Statement of 79 CITIZENS NATIONAL LIFE INS CO OF ANCHORAGE KY Statement of 508 CITY OF NEW YORK INS CO X V Statement of 83 COLUMBIA FIRE INSURANCE CO OF ATHENS GA Statement of 90 COLUMBIA FIRE INSURANCE CO OF X J Statement of 87 COLUMBIA LIFE INSURANCE CO OF OHIO Statement of 514 COLUMBIAN NATIONAL LIFE NSURANCE CO OF MASS Statement of 519 and 929 COMMERCIAL FIRE INS CO OF THE DISTRICT OF COLUMBIA Statement of 941158 ComptrollekGenekals Beport COMMEECIAL LIFE INS AND CASUALTY CO OE GEORGIA Statement of COMMERCIAL UNION ASSURANCE CO LTD OF LONDON Statemen t of 09 COMMONWEALTH INS CO OF NEW YORK Statement of in 1 CONNECTICUT FIRE INSURANCE CO OF HARTFORD Statement of 1 q CONNECTICUT MUTUAL LIFE INS CO HARTFORD Statement of cog CONTINENTAL AID ASSOCIATION OF ATLANTA GA Statement of u 1 1 CONTINENTAL CASUALTY CO OF INDIANA Statement of nog CONTINENTAL FIRE INSURANCE CO OF NEW YORK Statement of 110 COSMOPOLITAN LIFE INS CO OF ATLANTA Statement of D IINIL FIRE INSURANCE CO OF GREENSBORO N C Statement of 110 E EMPIRE LIFE INSURANCE CO OF ATLANTA GA Statement of gor EMPLOYERS INDEMNITY CO OF PHILADELPHIA Statement of nog EQUITABLE CASUALTY CO OF ATLANTA GA Statement of 03c EQUITABLE FIRE INSURANCE CO OF CHARLESTON S C Statement of joo EQUITABLE LIFE ASSURANCE SOCIETY OF U S N Y Statement of t HKi ComptrollerGenerals Report I 1159 EQUITABLE SURETY CO OF ST LOUIS MO Statement of 943 EQUITABLE FIRE MARINE INSURANCE CO R I Statement of 123 F FARMERS JOOPERATIVE FIRE TNS CO OF GEORGIA Statement of 876 FARMERS MUTUAL FIRE INS CO OF GA Statement of 878 FARMERS MUTUAL FIRE INS CORP OF GA Statement of 87 FARMERS PROTECTIVE FIRE INS CO OF GA Statement of 881 FIDELITY AND CASUALTY CO OF NEW YORK Statement of 950 FEDERAL CASUALTY COMPANY OF MICHIGAN Statement of 47 FIDELITY AND DEPOSIT CO OF MARYLAND Statement of 958 FIDELITY MUTUAL LIFE INS CO OF PHILADELPHIA Statement of 551 FIDELITYPHENIX FIRE INSURANCE CO N Y Statement of 132 FIRE ASSOCIATION OF PHLADELPHIA PA Statement of 138 FIREMANS NSURANCE CO OF NEWARK N 1 Statement of 14S FIREMANS FUND BIRE IXS CO OF SAN FRANCISCO CAL Statement of ll FIRST NATIONAL FIRE INS CO OF WASHINGTON D G Statement of FITCHBURG MUTUAL FIRE INS CO MASS st atement of 1551150 ComptrollerGenerals Report FKANKFOET GENERAL INS CO GERMANY Statement of FRANKLIN EIRE INS CO OF PHILADELPHIA PA Statement of 159 FRANKLIN LIFE INSURANCE CO SPRINGFIELD ILL Statement of G GENERAL ACCNT FIRE LIFE ASSUR CORP LTD PERTH SCOTLAND Statement of 969 GEORGIA FIRE NSURANCE CO OF POLK COUNTY GA Statement of li GEORGIA HOME tNS 00 OF COLUMBUSGA Statement of lot GEORGIA LIFE INSURANCE CO OF MAOON GA Statement of 974 GEORGIA LIFE INSURANCE CO OF MACON GA Statement of GA MUTUAL INDUSTRIAL LIFE HEALTH INS CO GA Statement of 04 b GERMAN ALLIANCE FIRE IXS CO OF NEW YORK Statement of l 4 GERMANAMERICAN FIRE INS CO NEW VORK CITY Statement of 16 GERMANIA FIRF INSURANCE CO OF NEW YORK Statement of 172 GERMANIA LIFE INSURANCE CO OF FV YORK SI atement of 563 GERMAN MUTUAL FIRE TNS CO OF SAVANNAH GA Statement of RS GIRARD FIRE l MARINE tNS CO PHILADELPHIA PA Statement of lr loo GLENS FALLS FIRE rNSURANCE CO OF GLENS FALLS X Y Statement of 1HComptrollerGenerals Report 1161 GLOBE FIRE INSURANCE CO OF ATLANTA 884 Statement of GLOBE INDEMNITY CO OF N Y 980 Statement ot GLOBE RUTGERS FIRE INSURANCE CO N Y Statement of 19 GORDON CO MUTUAL FIRE STORM INS CO OF GA Statement of S84 GREAT EASTERN CASUALTY CO NEW YORK Statement of 986 iRKAT SOUTHERN FIRE INS CO OF KENTUCKY 200 Statement ot GUARANTEE MUTUAL LIFE HEALTH JNS CO SAVANNAH 848 Statement ot H HANOVER FIRE INSURANCE CO OF NEW YORK Statement of HARTFORD FIRE INS CO OF HARTFORD CONN 212 Statement of HARTFORD STEAM BOILEB INSPECTION INS CO CONN 990 Statement of HOME FRIENDLY SOCIETY OF BALTIMORE MD Statement of HOME NSURANCE CO OF NEW STORK 217 Statement of HOME LIKE NSURANCE CO OF NEW YORK 574 Statement of I ILLINOIS LIFE INSURANCE CO OF CHICAGO t 581 Statement ot1162 ComptrollerGenerals Report indiana national life ins co ind Statement of gg INDUSTRIAL LIFE AND HEALTH INS CO ATLANTA GA Statement of 53 INSURANCE CO OF NORTH AMERICA PHILADELPHIA PA Statement of 999 INSURANCE CO OF THE STATE OF PENN Statement of 997 INTERNATIONAL LIFE INS CO OF ST LOUIS MO Statement of 1 NTERSOUTBERN LIFE INS CO OF KENTUCKY Statement of 595 INTERSTATE CASUALTY CO BIRMINGHAM ALA Statement of 994 INTERSTATE LIFE AND ACCIDENT CO CHATTANOOGA TENN Statement of 998 J JEFFERSON STANDARD LIFE INSURANCE CO OF N C Statement of 000 L LIFE NSURANCE CO OF VIRGINIA RICHMOND Statement of Q06 LIVERPOOL AND LONDON GLOBE INS CO ENG X Y Statement of Lej LLOYDS PLATE GLASS INS CO OP NEW YORK Statement of 1002 LONDON ASSURANCE CORPORATION OF LONDON ENGLAND Statement of 241 LONDON AND LANCASHIRE FIRE IXS CO LIVERPOOL ENG Statement of 245 LOYAL PROTECTIVE NSURANCE CO OF MASS Statement of101 ComptrollerGenerals Report 1163 LUMBER MUTUAL INS CO OF BOSTON MASS Statement of 254 LlMBERMENS MUTUAL INS CO OF MANSFIELD OHIO Statement of 260 LIMBER UNDERWRITERS FIRE INS CO NEW YORK Statement of 2j LCMBER FIRE INS CO OF NEW YORK Statement of 250 M MANHATTAN LIFE INSURANCE CO OF NEW YORK Statement of MARYLAND CASUALTY CO OF BALTIMORE Statement of 1018 MARYLAND LIFE INSURANCE CO OF MARYLAND Statement of 618 MASSACHUSETTS BONDING AND INSURANCE CO BOSTON Statement of 025 MASSACHUSETTS FIRE AND MARINE INS CO BOSTON MASS Statement of 264 MASSACHUSETTS MUTUAL LIFE INS CO SPRINGFIELD Statement of MASONIC PROTECTIVE ASSOCIATION OK WORCESTER MASS Statement of 1033 MASONIC MUTUAL ACCIDENT CO OF SPRINGFIELD MASS Statement of 1031 MERCANTILK MUTUAL FIRE INS CO PROVIDENCE R I Statement of 26S MERCHANTS LIFE ASSOCIATION BURLINGTON IOWA Statement of 855 MERIDIAN LIFE INS CO OF INDIANA Statement of 631 METROPOLITAN CASUALTY INS CO NEW YORK Statement of 103t3H 64 ComptrollerGenerals Beport METROPOLITAN LIFE INS CO OF NEW YORK Statement of 635 MICHIGAN MUTUAL LIFE INS CO DETROIT Statement of 644 MILWAUKEE MECHANICS FIRE INSURANCE CO WIS Statement of MISSOURI STATE LIFE INS CO OF ST LOUIS MO Statement of 6o0 MUTUAL BENEFIT LIFE INS ASSN OF GEORGIA Statement of oOo MUTUAL BENEFIT LIFE INS CO OF NEW JERSEY Statement of boo MUTUAL LIFE INS CO OF NEW YORK Statement of ooz N NATIONAL CASUALTY CO OF MICHIGAN Statement of 1040 NATIONAL FIRE INSURANCE CO OF HARTFORD CONN Statement of NATIONAL FIRE INS CO PARIS FRANCE Statement of g1 NATIONAL LIFE ASSN DES MOINES IOWA Statement of 0A 860 NATIONAL LIFE AND ACCIDENT INS CO NASHVILLE TENN Statement of ooy NATIONAL LIFE INS CO MONTPELIER VERMONT Statement of NATIONAL LIFE INS CO OF CHICAGO ILL Statement of 674 NATIONAL SURETY CO OF NEW YORK Statement of NATIONAL UNION FIRE INS CO PITTSBURG PA Statement of ComptrollerGenerals Report 1165 newark fire insurance co oe new jersey Statement of 28S NEW BRUNSWICK EIRE INS CO NEW BRUNSWICK N J Statement of 292 NEW ENGLAND CASUALTY CO Statement of 1056 NEW ENGLAND MUTUAL LIFE INS CO BOSTON MASS Statement of 686 NEW HAMPSHIRE FIRE INSURANCE CO MANCHESTER Statement of 296 MOW YORK LIFK NSURANCE CO OF NEW YORK Statement of 692 NEW YORK PLATE GLASS INS CO N Y Statement of 1048 NIAGARA FIRE IXS 00 OF NEW YORK Statement of 301 NORD DEUTSCHE INS CO GERMANY St a lenient of 316 NORTH AMERICAN ACCIDENT INSURANCE CO OF ILL Statement of 1052 NORTH AMERICAN IIFF INS CO ILLINOIS Statement of 699 NORTHERN NSURANCE CO NEW YORK Statement of 309 NORTHERN ASSURANCE CO LTD Stat ement of 312 NORTH CAROLINA MUTUAL AND PROVIDENT ASKN DURHAM Statement of 862 NORTH K1VFR FIRE NSURANCE CO NEW YORK CITY Statemenl of 320 NORTHWESTERN MUTUAL LIFK INS CO OF Is MILWAUKEE Statemenl of 7041166 ComptrollerGenerals Eeport o OCEAN ACCIDENT GUARANTEE CORP 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